Document:

EX-10.1

 Exhibit 10.1 

[EXECUTION VERSION] 

$1,000,000,000 
 AMENDED AND
RESTATED CREDIT AGREEMENT 
 Dated as of February 3, 2017 

among 
 BJ’S WHOLESALE CLUB,
INC., 
 as the Borrower, 

BEACON HOLDING INC., 
 as Holdings,

 WELLS FARGO BANK, NATIONAL ASSOCIATION, 

as Administrative Agent, 
 and 

THE OTHER LENDERS AND ISSUERS PARTY HERETO 
  

 
 BANK OF AMERICA,
NATIONAL ASSOCIATION and DEUTSCHE BANK SECURITIES INC., 
 as Co-Syndication Agents, 

BMO HARRIS BANK N.A., 
 CAPITAL
ONE, NATIONAL ASSOCIATION, 
 ING CAPITAL LLC, 

TD BANK, N.A. and 
 U.S. BANK
NATIONAL ASSOCIATION, 
 as Co-Documentation Agents, 

WELLS FARGO BANK, NATIONAL ASSOCIATION, 

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED and 

DEUTSCHE BANK SECURITIES INC., 
 as
Arrangers, 
 WELLS FARGO BANK, NATIONAL ASSOCIATION, 

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED and 

DEUTSCHE BANK SECURITIES INC., 
 as
Joint Bookrunners 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
		
	ARTICLE I         DEFINITIONS, INTERPRETATION AND ACCOUNTING TERMS	  	 	1	 
			
	 SECTION 1.1
	 	Defined Terms	  	 	1	 
			
	 SECTION 1.2
	 	Other Interpretive Provisions	  	 	69	 
			
	 SECTION 1.3
	 	Accounting Terms	  	 	70	 
			
	 SECTION 1.4
	 	Rounding	  	 	70	 
			
	 SECTION 1.5
	 	[Reserved]	  	 	70	 
			
	 SECTION 1.6
	 	References to Agreements, Laws, Etc	  	 	70	 
			
	 SECTION 1.7
	 	Times of Day	  	 	70	 
			
	 SECTION 1.8
	 	Pro Forma Calculations	  	 	70	 
			
	 SECTION 1.9
	 	Currency Equivalents Generally	  	 	72	 
		
	ARTICLE II         THE FACILITY	  	 	72	 
			
	 SECTION 2.1
	 	The Commitments	  	 	72	 
			
	 SECTION 2.2
	 	Borrowing Procedures	  	 	74	 
			
	 SECTION 2.3
	 	Swing Loans	  	 	75	 
			
	 SECTION 2.4
	 	Letters of Credit	  	 	77	 
			
	 SECTION 2.5
	 	Reduction and Termination of the Revolving Credit Commitments	  	 	83	 
			
	 SECTION 2.6
	 	Repayment of Loans	  	 	83	 
			
	 SECTION 2.7
	 	Evidence of Indebtedness	  	 	84	 
			
	 SECTION 2.8
	 	Optional Prepayments	  	 	84	 
			
	 SECTION 2.9
	 	Mandatory Prepayments	  	 	84	 
			
	 SECTION 2.10
	 	Interest	  	 	86	 
			
	 SECTION 2.11
	 	Conversion/Continuation Option	  	 	87	 
			
	 SECTION 2.12
	 	Fees	  	 	87	 
			
	 SECTION 2.13
	 	Payments and Computations	  	 	88	 
			
	 SECTION 2.14
	 	Special Provisions Governing Eurocurrency Rate Loans	  	 	90	 
			
	 SECTION 2.15
	 	Revolving Commitment Increase	  	 	91	 
			
	 SECTION 2.16
	 	Defaulting Lenders	  	 	92	 
			
	 SECTION 2.17
	 	Extensions of Revolving Loans	  	 	94	 
			
	 SECTION 2.18
	 	Extension of Term Loans	  	 	98	 

  
 -i- 

							
	ARTICLE III         TAXES, INCREASED COSTS PROTECTION AND ILLEGALITY	  	 	101	 
			
	 SECTION 3.1
	 	Taxes	  	 	101	 
			
	 SECTION 3.2
	 	Illegality	  	 	106	 
			
	 SECTION 3.3
	 	Inability to Determine Rates	  	 	107	 
			
	 SECTION 3.4
	 	Increased Cost and Reduced Return; Capital Adequacy; Reserves on Eurocurrency Rate Loans	  	 	107	 
			
	 SECTION 3.5
	 	Funding Losses	  	 	109	 
			
	 SECTION 3.6
	 	Matters Applicable to All Requests for Compensation	  	 	110	 
			
	 SECTION 3.7
	 	Replacement of Lenders under Certain Circumstances	  	 	110	 
			
	 SECTION 3.8
	 	Survival	  	 	112	 
		
	ARTICLE IV         CONDITIONS PRECEDENT	  	 	112	 
			
	 SECTION 4.1
	 	Conditions Precedent to Restatement Effective Date	  	 	112	 
			
	 SECTION 4.2
	 	Conditions Precedent to Each Loan and Letter of Credit	  	 	115	 
			
	 SECTION 4.3
	 	Determinations of Restatement Effective Date Borrowing Conditions	  	 	116	 
		
	ARTICLE V         REPRESENTATIONS AND WARRANTIES	  	 	116	 
			
	 SECTION 5.1
	 	Existence, Qualification and Power; Compliance with Laws	  	 	116	 
			
	 SECTION 5.2
	 	Authorization; No Contravention	  	 	116	 
			
	 SECTION 5.3
	 	Governmental Authorization	  	 	117	 
			
	 SECTION 5.4
	 	Binding Effect	  	 	117	 
			
	 SECTION 5.5
	 	Financial Statements; No Material Adverse Effect	  	 	117	 
			
	 SECTION 5.6
	 	Litigation	  	 	118	 
			
	 SECTION 5.7
	 	Labor Matters	  	 	118	 
			
	 SECTION 5.8
	 	Ownership of Property; Liens	  	 	118	 
			
	 SECTION 5.9
	 	Environmental Matters	  	 	118	 
			
	 SECTION 5.10
	 	Taxes	  	 	119	 
			
	 SECTION 5.11
	 	ERISA Compliance	  	 	119	 
			
	 SECTION 5.12
	 	Subsidiaries	  	 	120	 
			
	 SECTION 5.13
	 	Margin Regulations; Investment Company Act	  	 	120	 
			
	 SECTION 5.14
	 	Disclosure	  	 	120	 
			
	 SECTION 5.15
	 	Intellectual Property; Licenses, Etc	  	 	121	 
			
	 SECTION 5.16
	 	Solvency	  	 	121	 
			
	 SECTION 5.17
	 	Subordination of Junior Financing	  	 	121	 

  
 -ii- 

							
			
	 SECTION 5.18
	 	USA PATRIOT Act	  	 	121	 
			
	 SECTION 5.19
	 	Collateral Documents	  	 	122	 
			
	 SECTION 5.20
	 	Use of Proceeds	  	 	122	 
			
	 SECTION 5.21
	 	EEA Financial Institutions	  	 	122	 
		
	ARTICLE VI         FINANCIAL COVENANT	  	 	122	 
			
	 SECTION 6.1
	 	Minimum Fixed Charge Coverage Ratio	  	 	122	 
		
	ARTICLE VII         REPORTING COVENANTS	  	 	123	 
			
	 SECTION 7.1
	 	Financial Statements, Etc	  	 	123	 
			
	 SECTION 7.2
	 	Certificates; Other Information	  	 	125	 
			
	 SECTION 7.3
	 	Notices	  	 	127	 
			
	 SECTION 7.4
	 	Borrowing Base Certificate	  	 	127	 
		
	ARTICLE VIII        AFFIRMATIVE COVENANTS	  	 	129	 
			
	 SECTION 8.1
	 	Preservation of Existence, Etc	  	 	129	 
			
	 SECTION 8.2
	 	Compliance with Laws, Etc	  	 	129	 
			
	 SECTION 8.3
	 	Designation of Subsidiaries	  	 	130	 
			
	 SECTION 8.4
	 	Payment of Taxes, Etc	  	 	130	 
			
	 SECTION 8.5
	 	Maintenance of Insurance	  	 	130	 
			
	 SECTION 8.6
	 	Inspection Rights	  	 	131	 
			
	 SECTION 8.7
	 	Books and Records	  	 	132	 
			
	 SECTION 8.8
	 	Maintenance of Properties	  	 	132	 
			
	 SECTION 8.9
	 	Use of Proceeds	  	 	132	 
			
	 SECTION 8.10
	 	Compliance with Environmental Laws	  	 	132	 
			
	 SECTION 8.11
	 	Covenant to Guarantee Obligations and Give Security	  	 	132	 
			
	 SECTION 8.12
	 	Cash Receipts	  	 	135	 
			
	 SECTION 8.13
	 	Further Assurances	  	 	137	 
			
	 SECTION 8.14
	 	Physical Inventories	  	 	138	 
			
	 SECTION 8.15
	 	Post-Closing Matters	  	 	139	 
		
	ARTICLE IX        NEGATIVE COVENANTS	  	 	139	 
			
	 SECTION 9.1
	 	Liens	  	 	139	 
			
	 SECTION 9.2
	 	Investments	  	 	143	 
			
	 SECTION 9.3
	 	Indebtedness	  	 	145	 
			
	 SECTION 9.4
	 	Fundamental Changes	  	 	149	 
			
	 SECTION 9.5
	 	Dispositions	  	 	152	 

  
 -iii- 

							
	 SECTION 9.6
	 	Restricted Payments	  	 	155	 
			
	 SECTION 9.7
	 	Change in Nature of Business	  	 	158	 
			
	 SECTION 9.8
	 	Transactions with Affiliates	  	 	158	 
			
	 SECTION 9.9
	 	Burdensome Agreements	  	 	160	 
			
	 SECTION 9.10
	 	[Reserved]	  	 	161	 
			
	 SECTION 9.11
	 	Fiscal Year	  	 	161	 
			
	 SECTION 9.12
	 	Prepayments, Etc. of Indebtedness	  	 	162	 
			
	 SECTION 9.13
	 	[Reserved]	  	 	162	 
			
	 SECTION 9.14
	 	Modification of Debt Agreements	  	 	162	 
			
	 SECTION 9.15
	 	Holdings	  	 	162	 
		
	ARTICLE X        EVENTS OF DEFAULT	  	 	163	 
			
	 SECTION 10.1
	 	Events of Default	  	 	163	 
			
	 SECTION 10.2
	 	Remedies upon Event of Default	  	 	166	 
			
	 SECTION 10.3
	 	Application of Funds	  	 	167	 
			
	 SECTION 10.4
	 	Borrower’s Right to Cure	  	 	169	 
			
	 SECTION 10.5
	 	Actions in Respect of Letters of Credit; Cash Collateral	  	 	170	 
		
	ARTICLE XI        THE ADMINISTRATIVE AGENT	  	 	171	 
			
	 SECTION 11.1
	 	Appointment and Authorization	  	 	171	 
			
	 SECTION 11.2
	 	Rights as a Lender	  	 	172	 
			
	 SECTION 11.3
	 	Exculpatory Provisions	  	 	172	 
			
	 SECTION 11.4
	 	Reliance by the Agents	  	 	173	 
			
	 SECTION 11.5
	 	Delegation of Duties	  	 	174	 
			
	 SECTION 11.6
	 	Resignation of Administrative Agent	  	 	174	 
			
	 SECTION 11.7
	 	Non-Reliance on Agents and Other Lenders; Disclosure of Information by Agents	  	 	175	 
			
	 SECTION 11.8
	 	No Other Duties; Other Agents, Arrangers, Managers, Etc	  	 	176	 
			
	 SECTION 11.9
	 	Intercreditor Agreement	  	 	176	 
			
	 SECTION 11.10
	 	Administrative Agent May File Proofs of Claim	  	 	176	 
			
	 SECTION 11.11
	 	Collateral and Guaranty Matters	  	 	177	 
			
	 SECTION 11.12
	 	[Reserved]	  	 	179	 
			
	 SECTION 11.13
	 	Secured Cash Management Agreements and Secured Hedge Agreements	  	 	179	 
			
	 SECTION 11.14
	 	Indemnification of Agents	  	 	180	 

  
 -iv- 

							
			
	 SECTION 11.15
	 	Notice of Transfer	  	 	180	 
			
	 SECTION 11.16
	 	Reports and Financial Statements	  	 	180	 
			
	 SECTION 11.17
	 	Agency for Perfection	  	 	181	 
		
	ARTICLE XII        MISCELLANEOUS	  	 	182	 
			
	 SECTION 12.1
	 	Amendments, Etc	  	 	182	 
			
	 SECTION 12.2
	 	Successors and Assigns	  	 	185	 
			
	 SECTION 12.3
	 	Costs and Expenses	  	 	190	 
			
	 SECTION 12.4
	 	Indemnities	  	 	191	 
			
	 SECTION 12.5
	 	Limitation of Liability	  	 	193	 
			
	 SECTION 12.6
	 	Right of Setoff	  	 	193	 
			
	 SECTION 12.7
	 	Sharing of Payments	  	 	194	 
			
	 SECTION 12.8
	 	Notices and Other Communications; Facsimile Copies	  	 	194	 
			
	 SECTION 12.9
	 	No Waiver; Cumulative Remedies	  	 	196	 
			
	 SECTION 12.10
	 	[Reserved]	  	 	197	 
			
	 SECTION 12.11
	 	[Reserved]	  	 	197	 
			
	 SECTION 12.12
	 	[Reserved]	  	 	197	 
			
	 SECTION 12.13
	 	Governing Law; Submission to Jurisdiction; Service of Process	  	 	197	 
			
	 SECTION 12.14
	 	Waiver of Jury Trial	  	 	198	 
			
	 SECTION 12.15
	 	Marshaling; Payments Set Aside	  	 	198	 
			
	 SECTION 12.16
	 	Acknowledgement and Consent to Bail-In of EEA Financial Institutions	  	 	198	 
			
	 SECTION 12.17
	 	Execution in Counterparts	  	 	199	 
			
	 SECTION 12.18
	 	Electronic Execution of Assignments and Certain Other Documents	  	 	199	 
			
	 SECTION 12.19
	 	Confidentiality	  	 	199	 
			
	 SECTION 12.20
	 	Use of Name, Logo, etc	  	 	201	 
			
	 SECTION 12.21
	 	USA PATRIOT Act Notice	  	 	201	 
			
	 SECTION 12.22
	 	Outstanding Obligations	  	 	201	 
			
	 SECTION 12.23
	 	No Advisory or Fiduciary Responsibility	  	 	201	 
			
	 SECTION 12.24
	 	Severability	  	 	202	 
			
	 SECTION 12.25
	 	Survival of Representations and Warranties	  	 	202	 
			
	 SECTION 12.26
	 	Lender Action	  	 	202	 
			
	 SECTION 12.27
	 	Interest Rate Limitation	  	 	203	 

  
 -v- 

							
			
	 SECTION 12.28
	 	Amendment and Restatement of Existing Credit Agreement	  	 	203	 

  
 -vi- 

 Schedules 
  

			
	Schedule I	  	Commitment Schedule
	Schedule II	  	Subsidiary Guarantors
	Schedule 1.1A	  	Collateral Documents
	Schedule 1.1D	  	Material Real Property
	Schedule 1.1E	  	Credit Card Agreements
	Schedule 1.1F	  	Existing Letters of Credit
	Schedule 5.11(a)	  	ERISA Matters
	Schedule 5.12	  	Subsidiaries
	Schedule 8.12	  	Deposit Accounts
	Schedule 9.1(b)	  	Existing Liens
	Schedule 9.2(f)	  	Existing Investments
	Schedule 9.3(b)	  	Existing Indebtedness
	Schedule 9.8	  	Existing Affiliate Transactions
	Schedule 9.9	  	Existing Burdensome Agreement
	Schedule 12.8	  	Notice Addresses

 Exhibits 
  

			
	Exhibit A	  	Form of Assignment and Assumption
	Exhibit B-1	  	Form of Revolving Credit Notes
	Exhibit B-2	  	Form of Term Notes
	Exhibit C	  	Form of Notice of Borrowing
	Exhibit D	  	Form of Swing Loan Request
	Exhibit E	  	Form of Letter of Credit Request
	Exhibit F	  	Form of Notice of Conversion or Continuation
	Exhibit G	  	[Reserved] 
	Exhibit H	  	Form of Guaranty Agreement
	Exhibit I	  	Form of Security Agreement
	Exhibit J	  	Form of Borrowing Base Certificate
	Exhibit K	  	Form of Intercreditor Agreement
	Exhibit L	  	Form of Intercompany Subordination Agreement
	Exhibit M	  	Form of Solvency Certificate
	Exhibit N	  	[Reserved] 
	Exhibit O	  	Form of Non-Bank Certificate
	Exhibit P	  	Form of Compliance Certificate

  
 -vii- 

 This AMENDED AND RESTATED CREDIT AGREEMENT (“Agreement”) is entered into as
of February 3, 2017, among BJ’s WHOLESALE CLUB, INC., a Delaware corporation (the “Company” and the “Borrower”), BEACON HOLDING INC., a Delaware corporation (“Holdings”), WELLS FARGO BANK,
NATIONAL ASSOCIATION, as administrative agent (in such capacity, including any successor thereto, the “Administrative Agent”) under the Loan Documents and each Lender (as such term is defined in Section 1.1
below) from time to time party hereto. 
 PRELIMINARY STATEMENTS 

The Borrower has previously entered into that certain Credit Agreement, dated as of September 30, 2011, as amended by that certain First
Amendment to Credit Agreement, dated as of September 26, 2012, as further amended by that certain Second Amendment to Credit Agreement and First Amendment to Security Agreement, Guaranty and Limited Recourse Guaranties, dated as of May 10, 2013, as
further amended by that certain Third Amendment to Credit Agreement, dated as of November 18, 2013 (as otherwise modified and in effect immediately prior to the effectiveness of this Agreement, the “Existing Credit Agreement”), by
and among the Borrower, Holdings, the letter of credit issuers and lenders party thereto (the “Existing Lenders”) and the Administrative Agent, pursuant to which the Existing Lenders have made loans and other extensions of credit
available to the Borrower. 
 The Borrower has requested certain modifications to the terms of the Existing Credit Agreement and the
Administrative Agent and the Lenders have agreed to the requested modifications and the Lenders have indicated their willingness to lend, and the Issuers have indicated their willingness to issue Letters of Credit, in each case, on the terms and
subject to the conditions set forth herein. 
 In consideration of the mutual covenants and agreements herein contained, the parties hereto
covenant and agree as follows: 
 ARTICLE I 

DEFINITIONS, INTERPRETATION AND ACCOUNTING TERMS 

SECTION 1.1 Defined Terms. 

As used in this Agreement, the following terms have the following meanings (such meanings to be equally applicable to both the singular and
plural forms of the terms defined): 
 “Account” has the meaning given to such term in Article 9 of the UCC. 

“Account Debtor” has the meaning given to such term in Article 9 of the UCC. 

“ACH” means automated clearing house transfers. 

“Additional Revolving Credit Lender” has the meaning specified in Section 2.15. 

  
 1 

 “Adjusted Eurocurrency Rate” means, with respect to any Eurocurrency Rate
Loan for any Interest Period, an interest rate per annum equal to the Eurocurrency Rate for such Interest Period multiplied by the Statutory Reserve Rate. The Adjusted Eurocurrency Rate will be adjusted automatically as to all Eurocurrency Rate
Loans then outstanding as of the effective date of any change in the Statutory Reserve Rate. 
 “Adjustment Date” means the
first day of each February, May, August and November, as applicable. 
 “Administrative Agent” has the meaning specified in
the introductory paragraph to this Agreement. 
 “Administrative Agent’s Office” means the Administrative Agent’s
address and, as appropriate, account as set forth on Schedule 12.8, or such other address or account as the Administrative Agent may from time to time notify the Borrower and the Lenders. 

“Administrative Questionnaire” means an Administrative Questionnaire in a form supplied by the Administrative Agent. 

“Affiliate” means, with respect to any Person, another Person that directly or indirectly through one or more intermediaries,
Controls or is Controlled by or is under common Control with the Person specified. “Control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of a Person, whether
through the ability to exercise voting power, by contract or otherwise. “Controlling” and “Controlled” have meanings correlative thereto. For the avoidance of doubt, none of the Arrangers, the Agents or their
respective lending affiliates or any entity acting as an Issuer hereunder shall be deemed to be an Affiliate of Holdings, the Borrower or any of their respective Subsidiaries. 

“Agent Parties” has the meaning specified in Section 12.8(d). 

“Agent-Related Persons” means the Agents, together with their respective Affiliates, and the officers, directors, employees,
agents, attorney-in-fact, partners, trustees and advisors of such Persons and of such Persons’ Affiliates. 
 “Agents”
means, collectively, the Administrative Agent and each co-agent or sub-agent (if any) appointed by the Administrative Agent from time to time pursuant to Section 11.5. 

“Aggregate Borrowing Base” means, at any time of calculation, an amount equal to the sum of the Borrowing Base and the Term
Borrowing Base. 
 “Aggregate Commitments” means the Commitments of all the Lenders. 

“Aggregate Outstandings” means, at any particular time, the sum of the Revolving Credit Outstandings at such time and the
Term Outstandings at such time. 
 “Aggregate Revolving Credit Commitments” means the Revolving Credit Commitments of all
the Lenders. 

  
 2 

 “Agreement” means this Amended and Restated Credit Agreement, as amended,
restated, modified or supplemented from time to time in accordance with the terms hereof. 
 “Annual Financial Statements”
means the audited consolidated balance sheets of the Company as of the Saturday closest to each of January 31, 2016, 2015 and 2014, and the related consolidated statements of operations, changes in stockholders’ equity and cash flows for the
Company for the Fiscal Years then ended. 
 “Applicable Indebtedness” has the meaning specified in the definition of
“Weighted Average Life to Maturity”. 
 “Applicable Margin” means for each period commencing on an Adjustment
Date through the date immediately preceding the next Adjustment Date, the following percentages per annum, as determined on each Adjustment Date based upon Average Historical Excess Availability for the immediately preceding three-month period: 

 

													
	 Level
	  	 Average Historical

Excess Availability
	  	Eurocurrency Rate
Revolving Loans,
and
Letter of Credit
Fees
(Standby Letters
of Credit)	 	Base Rate
Revolving
Loans	 	Eurocurrency
Rate Term
Loan	 	Base Rate
Term
Loan	 	Letter of
Credit Fees
(Documentary
Letters
of Credit)
	 I
	  	 Greater than $500,000,000
	  	1.50%	 	0.50%	 	3.00%	 	2.00%	 	0.750%
	 II
	  	 Less than or equal to $500,000,000 but greater than
$350,000,000
	  	1.75%	 	0.75%	 	3.25%	 	2.25%	 	0.875%
	 III
	  	 Less than or equal to $350,000,000
	  	2.00%	 	1.00%	 	3.50%	 	2.50%	 	1.000%

 The Applicable Margin shall be adjusted quarterly in accordance with the table above on each Adjustment Date for the period
beginning on such Adjustment Date based upon the Average Historical Excess Availability for the immediately preceding three-month period as the Administrative Agent shall determine in good faith within ten (10) Business Days after such
Adjustment Date and the Administrative Agent shall use reasonable efforts to notify the Borrower promptly after such determination. Any increase or decrease in the Applicable Margin resulting from a change in the Average Historical Excess
Availability shall become effective as of the Adjustment Date. 
 Notwithstanding the foregoing, during the period commencing on the Restatement Effective
Date through the first Adjustment Date occurring thereafter, the Applicable Margin shall be the Applicable Margin set forth in Level I in the table above. 

  
 3 

 “Applicable Percentage” means (a) in respect of the Term Facility,
with respect to any Term Lender at any time, the percentage (carried out to the ninth decimal place) of the Term Facility represented by (i) on or prior to the Restatement Effective Date, such Term Lender’s Term Commitment at such time and
(ii) thereafter, the principal amount of such Term Lender’s Term Loan at such time, (b) in respect of the Revolving Credit Facility, with respect to any Revolving Credit Lender at any time, the percentage (carried out to the ninth
decimal place) of the Revolving Credit Facility represented by such Revolving Credit Lender’s Revolving Credit Commitment at such time, subject to adjustment as provided in Section 2.16, and (c) in respect of the
aggregate of the Term Facility and the Revolving Facility with respect to any Lender at such time, the percentage (carried out to the ninth decimal place) of the aggregate Term Commitment (or, after the Restatement Effective Date, the aggregate
outstanding Term Loans) and the aggregate Revolving Credit Commitments (or, if the Revolving Credit Commitments have been terminated, the aggregate outstanding Revolving Loans, Swing Loans and Letters of Credit) represented by the sum of
(i) such Lender’s Term Commitment at such time and thereafter, the principal amount of such Lender’s Term Loan at such time plus (ii) such Lender’s Revolving Credit Commitment at such time or, if the Revolving Credit
Commitments have been terminated, such Lender’s share of the outstanding Revolving Loans, Swing Loans and Letters of Credit. If the commitment of each Revolving Credit Lender to make Revolving Loans and the obligation of the Issuers to Issue
Letters of Credit have been terminated pursuant to Section 10.2, or if the Aggregate Revolving Credit Commitments have expired, then the Applicable Percentage of each Revolving Credit Lender in respect of the Revolving
Credit Facility shall be determined based on the Applicable Percentage of such Revolving Credit Lender in respect of the Revolving Credit Facility most recently in effect, giving effect to any subsequent assignments. The initial Applicable
Percentage of each Lender in respect of each Facility is set forth opposite the name of such Lender on Schedule I or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable. 

“Applicable Revolving Credit Percentage” means with respect to any Revolving Credit Lender at any time, such Revolving Credit
Lender’s Applicable Percentage in respect of the Revolving Credit Facility at such time. 
 “Applicable Unused Commitment Fee
Rate” means a percentage per annum equal to 0.25%. 
 “Appropriate Lender” means, at any time, with respect to
Loans of any Class, the Lenders of such Class. 
 “Approved Account Bank” means a financial institution at which the
Borrower or a Subsidiary Guarantor maintains an Approved Deposit Account. 
 “Approved Deposit Account” means each Deposit
Account in respect of which the Borrower or a Subsidiary Guarantor shall have entered into a Deposit Account Control Agreement. 

“Approved Fund” means, with respect to any Lender, any Fund that is administered, advised or managed by (a) such Lender,
(b) an Affiliate of such Lender or (c) an entity or an Affiliate of an entity that administers, advises or manages such Lender. 

  
 4 

 “Approved Securities Account” means each Securities Account in respect of
which the Borrower or any Guarantor shall have entered into a Securities Account Control Agreement. 
 “Approved Securities
Intermediary” means a securities intermediary at which the Borrower or a Guarantor maintains an Approved Securities Account. 

“Arrangers” means Wells Fargo, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Deutsche Bank Securities Inc.,
each in its capacity as a joint lead arranger under this Agreement. 
 “Asset Sale Proceeds Pledged Account” means an
account held at, and subject to the sole dominion and control of, the collateral agent under the First Lien Term Facility Credit Agreement, in which the proceeds from any Disposition of non-Current Asset
Collateral is held pending reinvestment pursuant to the First Lien Term Facility Credit Agreement. 
 “Assignee Group”
means two or more Eligible Assignees that are Affiliates of one another or two or more Approved Funds managed by the same investment advisor. 

“Assignment and Assumption” means an assignment and assumption entered into by a Lender and an Eligible Assignee, and
accepted by the Administrative Agent, in substantially the form of Exhibit A or any other form approved by the Administrative Agent. 

“Attorney Costs” means all reasonable and documented (in reasonable detail) fees, expenses and disbursements of any law firm
or other external legal counsel. 
 “Attributable Indebtedness” means, on any date, in respect of any Capitalized Lease of
any Person, the capitalized amount thereof that would appear on a balance sheet of such Person prepared as of such date in accordance with GAAP. 

“Availability Reserves” means, without duplication of any other reserves or items that are otherwise addressed or excluded
through eligibility criteria, the sum of (a) the PACA Reserve, (b) the Term Loan Reserve, and (c) such other reserves as the Administrative Agent from time to time determines in its Permitted Discretion as being appropriate
(i) to reflect the impediments to the Administrative Agent’s ability to realize upon the Collateral, (ii) to reflect claims and liabilities that the Administrative Agent reasonably determines will need to be satisfied in connection
with the realization upon the Collateral or (iii) to reflect criteria, events, conditions, contingencies or risks which adversely affect any component of the Borrowing Base, the Term Borrowing Base, the Collateral or the validity or
enforceability of this Agreement or the other Loan Documents or any material remedies of the Secured Parties hereunder or thereunder; provided that circumstances, conditions, events or contingencies existing or arising prior to the Effective
Date and, in each case, disclosed in writing in any field examination or appraisal (including the Initial Inventory Appraisal) delivered to the Administrative Agent in connection herewith prior to the Effective Date shall not be the basis for any
establishment of any such other reserves after the Effective Date (but, for the avoidance of doubt, shall be the basis for any establishment of any reserves on the Effective Date, which reserves may continue after the Effective Date), except
(i) to the extent such circumstances, conditions, events or contingencies shall have changed in a material respect since the Effective Date, (ii) to reflect adjustments to such reserves as the result of the application of mathematical
calculations with respect to an 

  
 5 

 underlying component of such reserves in accordance with the methodology of calculation utilized to
establish such reserve as of the Effective Date or (iii) with respect to reserves set forth below in clauses (3), (4), (5), (7), (8) and (11); and provided further, it is understood that certain of such reserves may
be reflected as ineligible items in any Borrowing Base Certificate delivered in accordance herewith. Without limiting the generality of the foregoing, Availability Reserves may include reserves based on: (1) rent; provided that such
Availability Reserves shall be limited to an amount not to exceed the sum of (x) past due rent for all of the Borrower’s and the Subsidiary Guarantors’ leased locations plus (y) one (1) month’s rent for all of the
Borrower’s and the Subsidiary Guarantors’ leased locations (A) located in the states of Washington, Virginia, Pennsylvania and all other Landlord Lien States or (B) that are distribution centers or distribution warehouses, other
than, in each case, such locations, distribution centers or distribution warehouses with respect to which the Administrative Agent has received a Collateral Access Agreement in form and substance reasonably satisfactory to the Administrative Agent;
(2) outstanding taxes and other governmental charges, including real estate, personal property, and other taxes (other than sales taxes and ad valorem taxes which are referenced in clause (3)) which have, or with the passage of time or
the taking of any action would have, priority over the interests of the Administrative Agent in the Current Asset Collateral; (3) sales tax, ad valorem tax and other similar taxes; (4) salaries, wages and benefits of employees of
the Borrower and its Subsidiaries that could reasonably expected to be incurred in connection with a Liquidation, (5) Customer Credit Liabilities; (6) warehousemen’s or bailee’s charges and other Liens permitted under
Section 9.1 which could reasonably be expected to have priority over the interests of the Administrative Agent in the Current Asset Collateral; (7) the Gas Station Disposal Reserve; (8) reserves in respect of self
insured worker’s compensation, general liability, health and dental care insurance, disability insurance and other self funded insurances; (9) reserves in respect of Cash Management Obligations, provided that reserves of the type
described in this clause (9) in respect of such Cash Management Obligations shall require the written consent of the Borrower; (10) reserves in respect of Obligations in respect of Secured Hedge Agreements, provided
that, if such Obligations in respect of Secured Hedge Agreements shall constitute Specified Secured Hedge Obligations, then reserves of the type described in this clause (10) shall require the prior written consent of the
Borrower; (11) the PASA Reserve, and (12) additional reserves in the Administrative Agent’s Permitted Discretion. 

“Average Historical Excess Availability” means, at any Adjustment Date, the average daily Excess Availability for the three
month period immediately preceding such Adjustment Date. 
 “Average Revolving Loan Utilization” means, at any Adjustment
Date, the average daily aggregate Revolving Credit Outstandings (excluding any Revolving Credit Outstandings resulting from any outstanding Swing Loans) for the three month period immediately preceding such Adjustment Date (or, if less, the period
from the Restatement Effective Date to such Adjustment Date), divided by the Aggregate Revolving Commitments at such time. 

“Bail-In Action” means the exercise of any Write-Down and Conversion Powers by the applicable EEA Resolution Authority in
respect of any liability of an EEA Financial Institution. 
 “Bail-In Legislation” means, with respect to any EEA Member
Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the 

  
 6 

 European Union, the implementing law for such EEA Member Country from time to time which is described in the
EU Bail-In Legislation Schedule. 
 “Banker’s Acceptance” has the meaning specified in
Section 2.4(m). 
 “Base Rate” means, for any day, a fluctuating rate per annum equal to the
highest of (a) the Federal Funds Rate, as in effect from time to time, plus 1/2 of 1%, (b) the rate of interest in effect for such day as publicly announced from time to time by Wells Fargo as its “prime rate” and (c) the
Adjusted Eurocurrency Rate on such day for an Interest Period of one (1) month plus 1.00% (or, if such day is not a Business Day, the immediately preceding Business Day), provided that, if such rate is below zero, the Base Rate shall be
deemed to be zero. The “prime rate” is a rate set by Wells Fargo based upon various factors including Wells Fargo’s costs and desired return, general economic conditions and other factors, and is used as a reference point for pricing
some loans, which may be priced at, above, or below such announced rate. Any change in such rate announced by Wells Fargo shall take effect at the opening of business on the day specified in the public announcement of such change. 

“Base Rate Loan” means any Loan during any period in which it bears interest based on the Base Rate. 

“Base Rate Revolving Loan” means any Revolving Loan during any period in which it bears interest based on the Base Rate. 

“Base Rate Term Loan” means any portion of the Term Loan during any period in which it bears interest based on the Base Rate.

 “Borrower” has the meaning specified in the preamble to this Agreement. “Borrower Materials” has the
meaning specified in Section 7.2. 
 “Borrowing” means a Revolving Credit Borrowing, a Term
Borrowing or a Swing Loan Borrowing, as the context may require. 
 “Borrowing Base” means, at any time of calculation, an
amount equal to: 
 (a)    the face amount of Eligible Credit Card Receivables multiplied by the Revolving Credit Card
Advance Rate; plus 
 (b)    the face amount of Eligible Accounts multiplied by the Revolving Eligible Accounts
Advance Rate; plus 
 (c)    the Net Recovery Percentage of Eligible Inventory multiplied by the Revolving
Inventory Advance Rate multiplied by the Cost of Eligible Inventory, net of Inventory Reserves attributable to Eligible Inventory; plus 

(d)    100% of Qualified Cash; provided, that the amount of Qualified Cash included in the Borrowing Base shall not
exceed an amount equal to 10% of the Borrowing Base (as calculated after giving effect to this clause (d)); minus 

  
 7 

 (e)    the then amount of all Availability Reserves. 

The Borrowing Base at any time shall be determined by reference to the most recent Borrowing Base Certificate delivered to the Administrative
Agent pursuant to Section 7.4, as adjusted to give effect to Reserves following such delivery; provided, that such Reserves shall not be established or changed except upon not less than three (3) Business
Days’ written notice to the Borrower (during which period the Administrative Agent shall be available to discuss any such proposed Reserve or change with the Borrower and the Borrower may take such action as may be required so that the event,
condition or matter that is the basis for such Reserve or change no longer exists, in a manner and to the extent reasonably satisfactory to the Administrative Agent); provided further that no such written notice shall be required for changes
to any Reserves resulting solely by virtue of mathematical calculations of the amount of the Reserves in accordance with the methodology of calculation previously utilized (such as, but not limited to, rent, Customer Credit Liabilities and the Term
Loan Reserve). The amount of any Reserve established by the Administrative Agent, and any change in the amount of any Reserve, shall have a reasonable relationship to the event, condition or other matter that is the basis for such Reserve or such
change. Notwithstanding anything herein to the contrary, Reserves shall not duplicate eligibility criteria contained in the definition of Eligible Account, Eligible Credit Card Receivables, Eligible Inventory, Qualified Cash or any other Reserve
then established. 
 “Borrowing Base Certificate” means a certificate of the Borrower substantially in the form of
Exhibit J. 
 “Business Day” means any day other than a Saturday, Sunday or other day on which commercial banks are
authorized to close under the Laws of, or are in fact closed in, the jurisdiction where the Administrative Agent’s Office with respect to Obligations is located and if such day relates to any interest rate settings as to a Eurocurrency Rate
Loan denominated in Dollars, any fundings, disbursements, settlements and payments in Dollars in respect of any such Eurocurrency Rate Loan, or any other dealings in Dollars to be carried out pursuant to this Agreement in respect of any such
Eurocurrency Rate Loan, means any such day on which dealings in deposits in Dollars are conducted by and between banks in the London interbank Eurocurrency market. 

“Capital Expenditures” means, for any period, the aggregate of (a) all amounts that would be reflected as additions to
property, plant or equipment on a Consolidated statement of cash flows of the Borrower and its Restricted Subsidiaries in accordance with GAAP and (b) the value of all assets under Capitalized Leases incurred by the Borrower and its Restricted
Subsidiaries during such period; provided that the term “Capital Expenditures” shall not include (i) expenditures made in connection with the replacement, substitution, restoration or repair of assets to the extent financed
with (x) insurance proceeds paid on account of the loss of or damage to the assets being replaced, substituted, restored or repaired or (y) awards of compensation arising from the taking by eminent domain or condemnation of the assets
being replaced, (ii) the purchase price of equipment that is purchased simultaneously with the trade-in of existing equipment to the extent that the gross amount of such purchase price is reduced by the credit granted by the seller of such
equipment for the equipment being traded in at such time, (iii) the purchase of plant, property or equipment or software to the extent financed with the proceeds of Dispositions that are not required to be applied to prepay the Loans pursuant
to 

  
 8 

 Section 2.9(b) or the loans under the First Lien Term Facility or the Second Lien
Term Facility, (iv) expenditures that are accounted for as capital expenditures by the Borrower or any Restricted Subsidiary and that actually are paid for, or reimbursed to the Borrower or any Restricted Subsidiary in cash or Cash Equivalents,
by a Person other than the Borrower or any Restricted Subsidiary and for which neither the Borrower nor any Restricted Subsidiary has provided or is required to provide or incur, directly or indirectly, any consideration or obligation (other than
rent) in respect of such expenditures to such Person or any other Person (whether before, during or after such period), (v) expenditures to the extent constituting any portion of a Permitted Acquisition, (vi) the purchase price of equipment
purchased during such period to the extent the consideration therefor consists of any combination of (A) used or surplus equipment traded in at the time of such purchase and (B) the proceeds of a concurrent sale of used or surplus
equipment, in each case, in the ordinary course of business, (vii) expenditures relating to the construction, acquisition, replacement, reconstruction, development, refurbishment, renovation or improvement of any property which has been
transferred to a Person other than the Borrower or a Restricted Subsidiary during the same Fiscal Year in which such expenditures were made pursuant to a sale-leaseback transaction to the extent of the cash proceeds received by the Borrower or such
Restricted Subsidiary pursuant to such sale-leaseback transaction or (viii) expenditures financed with the proceeds of an issuance of Equity Interests of the Borrower or a capital contribution to the Borrower or Indebtedness permitted to be
incurred hereunder. 
 “Capitalized Lease Obligation” means, at the time any determination thereof is to be made, the
amount of the liability in respect of a Capitalized Lease that would at such time be required to be capitalized and reflected as a liability on a balance sheet (excluding the footnotes thereto) prepared in accordance with GAAP. 

“Capitalized Leases” means all leases that have been or are required to be, in accordance with GAAP, recorded as capitalized
leases; provided that for all purposes hereunder the amount of obligations under any Capitalized Lease shall be the amount thereof accounted for as a liability in accordance with GAAP. 

“Captive Insurance Subsidiary” means any Subsidiary of the Borrower that is subject to regulation as an insurance company (or
any Subsidiary thereof). 
 “Cash Collateralize” means to pledge and deposit with or deliver to the Administrative Agent,
for the benefit of the Administrative Agent, an Issuer or the Swing Loan Lender (as applicable) and the Lenders, as collateral for Letter of Credit Obligations, Obligations in respect of Swing Loans, or obligations of Lenders to fund participations
in respect of either thereof (as the context may require), cash or deposit account balances or, if the applicable Issuer or Swing Loan Lender benefiting from such collateral shall agree in its sole discretion, other credit support, in each case
(a) in an amount and pursuant to documentation in form and substance reasonably satisfactory to (i) the Administrative Agent and (ii) the applicable Issuer or the Swing Loan Lender (as applicable) and (b) subject to the sole
dominion and control of the Administrative Agent. “Cash Collateral” shall have a meaning correlative to the foregoing and shall include the proceeds of such cash collateral and other credit support. 

“Cash Dominion Period” means (a) each period beginning on the date that Excess Availability shall have been less than
the greater of (x) 10.0% of the Maximum Credit and (y) 

  
 9 

 $60,000,000, in either case, for five (5) consecutive Business Days, and ending on the date Excess
Availability shall have been equal to or greater than the greater of (x) 10.0% of the Maximum Credit and (y) $60,000,000, in each case, for thirty (30) consecutive calendar days or (b) upon the occurrence of a Specified Event of Default,
the period that such Specified Event of Default shall be continuing; provided that (A) a Cash Dominion Period may not be deemed to have ended under this definition on more than three (3) occasions in any period of 365 consecutive
days and (B) the expiration of any Cash Dominion Period in accordance with this definition shall not impair the commencement of any subsequent Cash Dominion Period. 

“Cash Equivalents” means any of the following types of Investments, to the extent owned by the Borrower or any Restricted
Subsidiary: 
 (a)    Dollars or Euros; 

(b)    in the case of any Foreign Subsidiary that is a Restricted Subsidiary, such local currencies held by it from time
to time in the ordinary course of business and not for speculation; 
 (c)    readily marketable direct obligations
issued or directly and fully and unconditionally guaranteed or insured by the United States government or any agency or instrumentality thereof the securities of which are unconditionally guaranteed as a full faith and credit obligation of such
government with maturities of 12 months or less from the date of acquisition; 
 (d)    certificates of deposit, time
deposits and eurodollar time deposits with maturities of one year or less from the date of acquisition, demand deposits, bankers’ acceptances with maturities not exceeding one year and overnight bank deposits, in each case with any domestic or
foreign commercial bank having capital and surplus of not less than $500,000,000 (or the foreign currency equivalent thereof as of the date of such investment); 

(e)    repurchase obligations for underlying securities of the types described in clauses (c) and
(d) above or clause (g) below entered into with any financial institution meeting the qualifications specified in clause (d) above; 

(f)    commercial paper rated at least P-2 by Moody’s or at least A-2 by S&P (or, if at any time neither
Moody’s nor S&P shall be rating such obligations, an equivalent rating from another nationally recognized statistical rating agency) and in each case maturing within 12 months after the date of creation thereof; 

(g)    marketable short-term money market and similar highly liquid funds having a rating of at least P-2 or A-2 from
either Moody’s or S&P, respectively (or, if at any time neither Moody’s nor S&P shall be rating such obligations, an equivalent rating from another nationally recognized statistical rating agency); 

(h)    readily marketable direct obligations issued by any state, commonwealth or territory of the United States or any
political subdivision or taxing authority thereof having an Investment Grade Rating from either Moody’s or S&P (or, if at any time neither Moody’s nor S&P shall be rating such obligations, an equivalent rating from another
nationally recognized statistical rating agency) with maturities of 12 months or less from the date of acquisition; 

  
 10 

 (i)    Investments with average maturities of 12 months or less from the
date of acquisition in money market funds rated AAA- (or the equivalent thereof) or better by S&P or Aaa3 (or the equivalent thereof) or better by Moody’s (or, if at any time neither Moody’s nor S&P shall be rating such
obligations, an equivalent rating from another nationally recognized statistical rating agency); 
 (j)    investment
funds investing substantially all of their assets in securities of the types described in clauses (a) through (i) above; and 

(k)    solely with respect to any Captive Insurance Subsidiary, any investment that a Captive Insurance Subsidiary is not
prohibited to make in accordance with applicable law. 
 In the case of Investments by any Foreign Subsidiary that is a Restricted
Subsidiary or Investments made in a country outside the United States, Cash Equivalents shall also include (i) Investments of the type and maturity described in clauses (a) through (j) above of foreign obligors, which Investments or
obligors (or the parents of such obligors) have ratings described in such clauses or equivalent ratings from comparable foreign rating agencies and (ii) other short-term investments utilized by Foreign Subsidiaries that are Restricted
Subsidiaries in accordance with normal investment practices for cash management in investments analogous to the foregoing investments in clauses (a) through (j) and in this paragraph. 

Notwithstanding the foregoing, Cash Equivalents shall include amounts denominated in currencies other than those set forth in clause
(a) above, provided that such amounts are converted into Dollars as promptly as practicable and in any event within ten (10) Business Days following the receipt of such amounts. 

“Cash Management Bank” means, as of any date of determination, any Person that is a Lender or an Affiliate of a Lender on
such date. 
 “Cash Management Obligations” means obligations owed by any Loan Party or any Restricted Subsidiary to any
Cash Management Bank in respect of or in connection with any Cash Management Services and designated by the Cash Management Bank and the Borrower in writing to the Administrative Agent as “Cash Management Obligations”. Any Cash Management
Services provided by Wells Fargo and/or any of its Affiliates to any Loan Party or any Restricted Subsidiary shall, for so long as such Person is a Lender or an Affiliate of a Lender, be deemed to be Cash Management Obligations. 

“Cash Management Services” means any agreement or arrangement to provide cash management services, including treasury,
depository, overdraft, credit card processing, credit or debit card, purchase card, electronic funds transfer, supply-chain financing with respect to short-term payables and other cash management arrangements.

 “Cash Receipts” shall have the meaning specified in Section 8.12. 

“Cash Taxes” means, with respect to each Test Period, all taxes paid or payable in cash by the Borrower and its Restricted
Subsidiaries during such period. 

  
 11 

 “Change in Law” means the occurrence, after the Effective Date, of any of
the following: (a) the adoption or taking effect of any law, rule, regulation or treaty (excluding the taking effect after the Effective Date of a law, rule, regulation or treaty adopted prior to the Effective Date), (b) any change in any law,
rule, regulation or treaty or in the administration, interpretation or application thereof by any Governmental Authority or (c) the making or issuance of any request, guideline or directive (whether or not having the force of law) by any
Governmental Authority. It is understood and agreed that (i) the Dodd–Frank Wall Street Reform and Consumer Protection Act (Pub.L. 111-203, H.R. 4173), all Laws relating thereto, all interpretations and applications thereof and any
compliance by a Lender with any request or directive relating thereto, shall, for the purposes of this Agreement, be deemed to be adopted subsequent to the Effective Date and (ii) all requests, rules, guidelines or directives promulgated by the
Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, shall be deemed to be a “Change
in Law”, regardless of the date enacted, adopted or issued. 
 “Change of Control” means the earliest to occur of:

 (a)    (i) at any time prior to the consummation of a Qualifying IPO, the Permitted Holders ceasing to own, in the
aggregate, directly or indirectly, beneficially and of record, at least a majority of the aggregate ordinary voting power represented by the issued and outstanding Equity Interests of Holdings; or 

(ii)    at any time upon or after the consummation of a Qualifying IPO (1) any Person (other than a
Permitted Holder) or (2) Persons (other than one or more Permitted Holders) constituting a “group” (as such term is used in Sections 13(d) and 14(d) of the Exchange Act, but excluding any employee benefit plan of such person and its
Subsidiaries, and any person or entity acting in its capacity as trustee, agent or other fiduciary or administrator of any such plan), becomes the “beneficial owner” (as defined in Rules 13(d)-3 and 13(d)-5 under such Act), directly or
indirectly, of Equity Interests representing more than thirty-five percent (35%) of the aggregate ordinary voting power represented by the issued and outstanding Equity Interests of Holdings and the percentage of aggregate ordinary voting power so
held is greater than the percentage of the aggregate ordinary voting power represented by the Equity Interests of Holdings beneficially owned, directly or indirectly, in the aggregate by the Permitted Holders; 

unless, in the case of either clause (a)(i) or (a)(ii) above, the Permitted Holders have, at such time, the right or the ability by voting
power, contract or otherwise to elect or designate for election at least a majority of the board of directors of Holdings; or 

(b)    any “Change of Control” (or any comparable term) in any document pertaining to the First Lien Term
Facility, the Second Lien Term Facility or any Permitted Refinancing of any thereof; or 
 (c)    the Borrower ceases to
be a direct Wholly-Owned Subsidiary of Holdings (or any successor of Holdings that (x) becomes the direct parent of the Borrower and owns no other direct Subsidiaries and (y) has expressly assumed (and is in compliance with) all the
obligations 

  
 12 

 
of Holdings under this Agreement and the other Loan Documents to which Holdings is a party pursuant to a supplement hereto or thereto in form reasonably satisfactory to the Administrative Agent).

 “Class” (a) when used with respect to Commitments, refers to whether such Commitment is a Term Commitment, a Revolving
Credit Commitment, an Extended Revolving Credit Commitment of a given Revolving Extension Series, (b) when used with respect to Loans or a Borrowing, refers to whether such Loans, or the Loans comprising such Borrowing, are Term Loans,
Revolving Loans, Loans under a given Term Extension Series, Loans under Extended Revolving Credit Commitments of a given Revolving Extension Series and (c) when used with respect to Lenders, refers to whether such Lenders has a Loan or
Commitment with respect to a particular Class of Loans or Commitments. 
 “Co-Documentation Agent” means each of BMO
Harris Bank N.A., Capital One, National Association, ING Capital LLC, TD Bank, N.A. and U.S. Bank National Association, as a co-documentation agent under this Agreement. 

“Co-Investor” means any of (a) the assignees, if any, of the equity commitments of any Sponsor who become holders of
Equity Interests in the Borrower (or any of the direct or indirect parent companies of the Borrower) on the Effective Date in connection with the Acquisition and (b) the transferees, if any, that acquire, within one hundred and twenty
(120) days of the Effective Date, any Equity Interests in the Borrower (or any of the direct or indirect parent companies of the Borrower) held by any Sponsor as of the Effective Date. 

“Co-Syndication Agent” means each of Bank of America, National Association and Deutsche Bank Securities Inc., as a
co-syndication agent under this Agreement. 
 “Code” means the Internal Revenue Code of 1986, as amended from time to time,
and the regulations thereunder. 
 “Collateral” means all the “Collateral” (or equivalent term) as defined
in any Collateral Document and shall include the Mortgaged Properties. 
 “Collateral Access Agreement” means an agreement
reasonably satisfactory in form and substance to the Administrative Agent executed by, as the case may be, (a) a bailee or other Person in possession of Collateral, and (b) any landlord of any premises leased by any Loan Party, pursuant to
which such Person (i) acknowledges the Administrative Agent’s Lien on the Collateral, (ii) releases or subordinates such Person’s Liens in the Collateral held by such Person or located on such premises, (iii) agrees to
provide the Administrative Agent with access to the Collateral held by such bailee or other Person or located in or on such premises for the purpose of conducting field examinations, appraisals or Liquidation and (iv) makes such other
agreements with the Administrative Agent as the Administrative Agent may reasonably require. 
 “Collateral and Guarantee
Requirement” means, at any time, the requirement that: 
 (a)    the Administrative Agent shall have received
at the applicable time each Collateral Document required to be delivered pursuant to Section 4.1(a)(iv) or pursuant to 

  
 13 

 
Section 8.11, Section 8.12, Section 8.13 or Section 8.15, duly executed by each Loan Party party
thereto; 
 (b)    all Obligations shall have been unconditionally guaranteed by Holdings, each Restricted Subsidiary of
the Borrower that is a wholly owned Material Domestic Subsidiary and not an Excluded Subsidiary, including those Subsidiaries that are listed on Schedule II hereto (each such guarantor, a “Guarantor”) and any Subsidiary of
the Borrower that Guarantees any Indebtedness incurred by the Borrower (or is a co-borrower with the Borrower) pursuant to the First Lien Term Facility, the Second Lien Term Facility or any Junior Financing (or, in each case, any Permitted
Refinancing thereof) shall be a Guarantor hereunder; 
 (c)    the Obligations and the Guaranty shall have been secured
by a perfected first-priority security interest (subject only to non-consensual Liens permitted by Section 9.1 and Liens permitted under Section 9.1 (including under clause
(w) and (x)) thereof) securing “Obligations” (as defined under the First Lien Term Facility Credit Agreement), “Obligations” (as defined under the Second Lien Term Facility Credit Agreement) or any
Permitted Refinancing thereof (in each case, subject to the terms of the Intercreditor Agreement)) in (i) all the Equity Interests of the Borrower, (ii) all Equity Interests of each directly owned Wholly- Owned Subsidiary that is a
Domestic Subsidiary (other than a Domestic Subsidiary described in the following clause (iii)(A)) that is directly owned by the Borrower or any Subsidiary Guarantor and (iii) 65% of the issued and outstanding Equity Interests of (A) each
Wholly-Owned Subsidiary that is a Domestic Subsidiary that is directly owned by the Borrower or by any Subsidiary Guarantor if substantially all of the assets of such Domestic Subsidiary consist of Equity Interests in one or more Foreign
Subsidiaries and (B) each Wholly-Owned Subsidiary that is a Foreign Subsidiary that is directly owned by the Borrower or by any Subsidiary Guarantor; 

(d)    except to the extent otherwise provided hereunder, including subject to Liens permitted by
Section 9.1, or under any Collateral Document, the Obligations and the Guaranty shall have been secured by a perfected first-priority security interest (to the extent such security
interest may be perfected by delivering certificated securities, filing financing statements under the UCC or making any necessary filings with the United States Patent and Trademark Office or United States Copyright Office) in substantially all
tangible and intangible personal property of the Borrower and each Guarantor (including, without limitation, accounts, accounts receivable, Inventory, equipment, investment property, contract rights, applications and registrations of intellectual
property filed in the United States, other general intangibles, and proceeds of the foregoing), in each case, with the priority required by the Collateral Documents, in each case subject to exceptions and limitations otherwise set forth in this
Agreement and the Collateral Documents; provided that any such security interests in the Collateral shall be subject to the terms of the Intercreditor Agreement; 

(e)    the Administrative Agent shall have received (i) counterparts of a Mortgage with respect to each Material Real
Property listed on Schedule 1.1D (it being acknowledged by the Administrative Agent that it has so received such Mortgage counterparts as of the Restatement Effective Date) or required to be delivered pursuant to Sections 8.11 and
8.13(b) (the “Mortgaged Properties”) duly executed and delivered by the record owner of such property, (ii) a policy or policies of title insurance issued by a nationally recognized title insurance company 

  
 14 

 
insuring the Lien of each such Mortgage as a valid Lien on the property described therein, free of any other Liens except as expressly permitted by Section 9.1, together
with such endorsements, coinsurance and reinsurance as the Administrative Agent may reasonably request, and (iii) such surveys, abstracts and appraisals (if required under FIRREA), flood certifications under Regulation H of the Federal Reserve
Board and such customary legal opinions and other documents as the Administrative Agent may reasonably request with respect to any such Mortgaged Property, provided that the Borrower will provide at least forty-five (45) days prior
written notice to the Administrative Agent and the Lenders prior to delivering a Mortgage with respect to any Material Real Property and shall not execute and deliver any Mortgage with respect to any Material Real Property prior to written
confirmation from the Administrative Agent and the Lenders of the completion of due diligence with respect to flood insurance requirements for such Material Real Property and receipt of evidence of compliance with flood insurance requirements set
forth in the Loan Documents that is reasonably satisfactory thereto. 
 The foregoing definition shall not require the creation, perfection
or maintenance of pledges of or security interests in, or the obtaining of title insurance, surveys, abstracts or appraisals with respect to, Excluded Assets and any other particular assets if and for so long as, in the reasonable judgment of the
Administrative Agent, the cost of creating, perfecting or maintaining such pledges or security interests in such assets or obtaining title insurance, surveys, abstracts or appraisals in respect of such assets shall be excessive in view of the fair
market value or the practical benefit thereof to be obtained by the Lenders therefrom. 
 The Administrative Agent may grant extensions of
time for the perfection of security interests in or the obtaining of title insurance and surveys with respect to particular assets (including extensions beyond the Restatement Effective Date for the perfection of security interests in the assets of
the Loan Parties on such date) where it reasonably determines, in consultation with the Borrower, that perfection cannot be accomplished without undue effort or expense by the time or times at which it would otherwise be required by this Agreement
or the Collateral Documents. 
 “Collateral Documents” means, collectively, the Security Agreement, the Intellectual
Property Security Agreements, the Mortgages, each Deposit Account Control Agreement, each of the mortgages, collateral assignments, the Security Agreement Supplements, security agreements, pledge agreements or other similar agreements delivered to
the Agents and the Lenders pursuant to Section 4.1(a)(iv), Section 8.11, Section 8.12, Section 8.13 or Section 8.15, the
Guaranty, each Collateral Access Agreement, the Intercreditor Agreement and each of the other agreements, instruments or documents that creates or purports to create a Lien or Guarantee in favor of the Administrative Agent for the benefit of the
Secured Parties (including, without limitation, any agreement creating or perfecting rights in Cash Collateral pursuant to the provisions this Agreement). 

“Commitment” means a Term Commitment or a Revolving Credit Commitment, as the context may require. 

“Commodity Exchange Act” means the Commodity Exchange Act (7 U.S.C. § 1 et seq.), as amended from time to time, and any
successor statute. 

  
 15 

 “Company” has the meaning specified in the introductory paragraph to this
Agreement. 
 “Compliance Certificate” means a certificate substantially in the form of Exhibit P and which
certificate shall in any event be a certificate of a Responsible Officer (a) certifying as to whether a Default has occurred and is continuing and, if applicable, specifying the details thereof and any action taken or proposed to be taken with
respect thereto, (b) setting forth a reasonably detailed calculation of the Fixed Charge Coverage Ratio for the most recently completed Test Period, and (c) setting forth reasonably detailed calculations, in the case of financial
statements delivered under Section 7.1, of the Net Cash Proceeds received during the applicable period by or on behalf of, Holdings, the Borrower or any of its Restricted Subsidiaries in respect of any Disposition subject
to prepayment pursuant to Section 2.9(b). 
 “Concentration Account” has the meaning specified in
Section 8.12(c). 
 “Consolidated” means, with respect to any Person, the consolidation of
accounts of such Person and any other Person in accordance with GAAP. 
 “Consolidated Depreciation and Amortization
Expense” means, for any period, the total amount of depreciation and amortization expense of the Borrower and its Restricted Subsidiaries (including the amortization of deferred financing fees or costs for such period) on a Consolidated
basis and otherwise determined in accordance with GAAP. 
 “Consolidated EBITDA” means, for any period, the Consolidated
Net Income of the Borrower and its Restricted Subsidiaries for such period, 
 (a)    increased by (without duplication,
and as determined in accordance with GAAP to the extent applicable): 
 (i)    provision for taxes based
on income or profits or capital, plus franchise or similar taxes and foreign withholding taxes, of such Persons for such period deducted in computing Consolidated Net Income; plus 

(ii)    (A) total interest expense of such Persons for such period and (B) bank fees and costs of
surety bonds, in each case under this clause (B), in connection with financing activities and, in each case under clauses (A) and (B), to the extent the same was deducted in computing Consolidated Net Income;
plus 
 (iii)    Consolidated Depreciation and Amortization Expense of such Persons for such
period to the extent such depreciation and amortization were deducted in computing Consolidated Net Income; plus 

(iv)    any expenses or charges related to any issuance of Equity Interests, Investment, acquisition,
disposition, recapitalization or the incurrence or repayment of Indebtedness permitted to be incurred hereunder including a refinancing thereof (whether or not successful) and any amendment or modification to the terms of any such transactions, in
each case, deducted in computing Consolidated Net Income; plus 

  
 16 

 (v)    the amount of any restructuring charge or reserve
deducted in such period in computing Consolidated Net Income, including any one-time costs incurred in connection with (A) Permitted Acquisitions after the Effective Date or (B) the closing of any Stores or distribution centers after the
Effective Date; provided that the aggregate amount of cash charges added pursuant to this clause (v) for any Test Period shall not exceed the greater of (x) $25,000,000 and (y) 6.50% of Consolidated EBITDA for such Test Period
(calculated prior to giving effect to any adjustment pursuant to this clause (v)); plus 

(vi)    the amount of costs relating to pre-opening and opening costs for Stores, signing, retention and
completion bonuses, costs incurred in connection with any strategic initiatives, transition costs, consolidation and closing costs for Stores and costs incurred in connection with non-recurring product and intellectual property development after the
Effective Date, other business optimization expenses (including costs and expenses relating to business optimization programs), and new systems design and implementation costs and project start-up costs; provided that the aggregate amount of all
foregoing cash items added pursuant to this clause (vi) for any Test Period shall not exceed the greater of (x) $25,000,000 and (y) 6.50% of Consolidated EBITDA for such Test Period (calculated prior to giving effect to any
adjustment pursuant to this clause (vi)); plus 
 (vii)    any other non-cash expenses or
charges including any write-offs or write downs reducing Consolidated Net Income for such period (provided that if any such non-cash expenses or charges represent an accrual or reserve for potential
cash items in any future period, (1) the Borrower may determine not to add back such non-cash expense or charge in the current period and (2) to the extent the Borrower does decide to add back such non-cash expense or charge, the cash
payment in respect thereof in such future period shall be subtracted from Consolidated EBITDA to such extent, and excluding amortization of a prepaid cash item that was paid in a prior period); plus 

(viii)    the amount of any minority interest expense deducted in calculating Consolidated Net Income;
plus 
 (ix)    the amount of management, monitoring, consulting and advisory fees (including
termination fees) and related indemnities and expenses paid or accrued in such period under the Sponsor Management Agreement or otherwise to the Sponsors to the extent permitted under Section 9.8 and deducted in such period
in computing Consolidated Net Income; plus 
 (x)    the amount of net cost savings and synergies
(other than any of the foregoing related to Specified Transactions) projected by the Borrower in good faith to result from actions taken, committed to be taken or reasonably expected to be taken no later than twelve (12) months after the end of
such period (which net cost savings and synergies shall be subject to certification by a Responsible Officer and calculated on a pro forma basis as though such cost savings and synergies had been realized on the first day of the period for which
Consolidated EBITDA is being determined), net of the amount of actual benefits realized during such period from such actions; provided that 

  
 17 

 
(A) such cost savings and synergies are reasonably identifiable and factually supportable and (C) the aggregate amount of cost savings and synergies added pursuant to this clause
(x) for any Test Period shall not exceed, after the Effective Date, the greater of (x) $25,000,000 and (y) 6.50% of Consolidated EBITDA for such Test Period (calculated prior to giving effect to any adjustment pursuant to this
clause (x)); plus 
 (xi)    cash receipts (or any netting arrangements resulting in
reduced cash expenditures) not representing Consolidated EBITDA or Consolidated Net Income in any period to the extent non-cash gains relating to such income were deducted in the calculation of Consolidated EBITDA pursuant to paragraph
(b) below for any previous period and not added back; plus 
 (xii)    any costs
or expenses incurred by the Borrower or a Restricted Subsidiary pursuant to any management equity plan or stock option plan or any other management or employee benefit plan or agreement or any stock subscription or stockholders agreement, to the
extent that such costs or expenses are funded with cash proceeds contributed to the capital of the Borrower or net cash proceeds of issuance of Equity Interests of the Borrower (other than Disqualified Equity Interests), plus 

(xiii)    after the Restatement Effective Date, any fees, premiums, expenses or charges incurred or paid in
connection with the Agreement and the Transactions (including the Restatement Effective Date Dividend), in each case, deducted in computing Consolidated Net Income. 

(b)    decreased by (without duplication, and as determined in accordance with GAAP to the extent applicable): 

(i)    any non-cash gains increasing Consolidated Net Income of such Persons for such period, excluding any
gains that represent the reversal of any accrual of, or cash reserve for, anticipated cash charges in any prior period (other than such cash charges that have been added back to Consolidated Net Income in calculating Consolidated EBITDA in
accordance with this definition); plus 
 (ii)    any non-cash gains with respect to cash actually
received in a prior period unless such cash did not increase Consolidated EBITDA in such prior period; plus 

(iii)    the amount of cash payments made during such Test Period on account of any non-cash charge which
was added back to the calculation of Consolidated EBITDA in any prior period pursuant to clause (a)(v) above solely to the extent that (A) the aggregate amount of such cash payments during such Test Period plus (B) the
aggregate amount of cash charges added back pursuant to clause (a)(v) above during such Test Period exceeds the greater of (x) $25,000,000 and (y) 6.50% of Consolidated EBITDA for such Test Period (calculated prior to giving effect to any adjustment
pursuant to this clause (b)(iii)). 
 “Consolidated Net Cash Interest Expense” means, with respect to the Borrower
and its Restricted Subsidiaries on a Consolidated basis for any period, determined in accordance with GAAP, (a) total interest expense paid or payable in cash in such period (including that 

  
 18 

 attributable to obligations with respect to Capitalized Leases in accordance with GAAP in effect on the
Effective Date but excluding any imputed interest as a result of purchase accounting) of the Borrower and its Restricted Subsidiaries on a Consolidated basis and all commissions, discounts and other fees and charges owed with respect to Indebtedness
of the Borrower and its Restricted Subsidiaries, but excluding (i) any non-cash interest or deferred financing costs, (ii) any amortization or write-down of deferred financing fees, debt issuance costs, discounted liabilities, commissions,
fees and expenses, (iii) any expensing of bridge, commitment and other financing fees and (iv) penalties and interest related to taxes minus (b) interest income of the Borrower and its Restricted Subsidiaries actually received
in cash during such period. For purposes of the foregoing, interest expense of the Borrower and its Restricted Subsidiaries shall be determined after giving effect to any net payments made or received by such Persons with respect to interest rate
Swap Contracts. 
 “Consolidated Net Income” means, for any period, the aggregate of the Net Income of the Borrower and its
Restricted Subsidiaries for such period, on a Consolidated basis, and otherwise determined in accordance with GAAP; provided, however, that, without duplication: 

(a)    any net after-tax extraordinary, non-recurring or unusual gains or losses (less all fees and expenses relating
thereto) or expenses, and Transaction Expenses, relocation costs, integration costs, facility consolidation and closing costs (other than with respect to Stores), severance costs and expenses and one-time compensation charges, shall be excluded;
provided that the aggregate amount of cash losses excluded pursuant to this clause (a) for any Test Period shall not exceed the greater of (x) $25,000,000 and (y) 6.50% of Consolidated EBITDA for such Test Period (calculated prior
to giving effect to any adjustment pursuant to this clause (a)); provided further that Net Income for such period shall be reduced by an amount equal to the amount by which (if any) (i) the aggregate amount of cash losses incurred during
such Test Period on account of any non-cash loss which was excluded from the calculation of Consolidated Net Income in any prior period pursuant to this clause (a) plus (ii) the aggregate amount of cash losses excluded from the
calculation of Consolidated Net Income pursuant to the first proviso of this clause (a) during such Test Period, exceeds the greater of (x) $25,000,000 and (y) 6.50% of Consolidated EBITDA for such Test Period (calculated prior to
giving effect to any adjustment pursuant to this clause (a)); 
 (b)    the Net Income for such period shall not
include the cumulative effect of a change in accounting principles during such period, whether effected through a cumulative effect adjustment or a retroactive application in each case in accordance with GAAP; 

(c)    effects of adjustments (including the effect of such adjustments pushed down to the Borrower and the Restricted
Subsidiaries) in the Borrower’s Consolidated financial statements pursuant to GAAP (including in the inventory, property and equipment, software, goodwill, intangible assets, in-process research and development, deferred revenue and debt line
items thereof) resulting from the application of recapitalization accounting or purchase accounting, as the case may be, in relation to any consummated acquisition or the amortization or write-off of any amounts thereof, net of taxes, shall be
excluded; 
 (d)    any net after-tax income (loss) from disposed or discontinued operations and any net after-tax gains
or losses on disposal of disposed or discontinued operations shall be excluded; 

  
 19 

 provided that the aggregate amount of cash losses excluded pursuant to this clause
(d) for any Test Period shall not exceed the greater of (x) $25,000,000 and (y) 6.50% of Consolidated EBITDA for such Test Period (calculated prior to giving effect to any adjustment pursuant to this clause (d)); provided
further that Net Income for such period shall be reduced by an amount equal to the amount by which (if any) (i) the aggregate amount of cash losses incurred during such Test Period on account of any non-cash loss which was excluded from the
calculation of Consolidated Net Income in any prior period pursuant to this clause (d) plus (ii) the aggregate amount of cash losses excluded from the calculation of Consolidated Net Income pursuant to the first proviso of this
clause (d) during such Test Period, exceeds the greater of (x) $25,000,000 and (y) 6.50% of Consolidated EBITDA for such Test Period (calculated prior to giving effect to any adjustment pursuant to this clause (d)) 

(e)    any net after-tax gains or losses (less all fees and expenses relating thereto) attributable to asset dispositions
or the sale or other disposition of any Equity Interests of any Person other than in the ordinary course of business, as determined in good faith by the Borrower, shall be excluded; 

(f)    the Net Income for such period of any Person that is not a Subsidiary, or is an Unrestricted Subsidiary, or that is
accounted for by the equity method of accounting, shall be excluded; provided that Consolidated Net Income of the Borrower and its Restricted Subsidiaries shall be increased by the amount of dividends or distributions or other payments that
are actually paid in cash (or to the extent converted into cash) by the referent Person to the Borrower or a Restricted Subsidiary thereof in respect of such period; 

(g)    [reserved]; 

(h)    (i) any net unrealized gain or loss (after any offset) resulting in such period from obligations in respect of Swap
Contracts and the application of Financial Accounting Standards Board Accounting Standards Codification 815 (Derivatives and Hedging), (ii) any net gain or loss resulting in such period from currency translation gains or losses related to currency
remeasurements of Indebtedness (including the net loss or gain (A) resulting from Swap Contracts for currency exchange risk and (B) resulting from intercompany Indebtedness) and all other foreign currency translation gains or losses to the
extent such gain or losses are non-cash items, and (iii) any net after-tax income (loss) for such period attributable to the early extinguishment or conversion of (A) Indebtedness, (B) obligations under any Swap Contracts or (C) other
derivative instruments, shall be excluded; 
 (i)    any impairment charge or asset write-off, including impairment
charges or asset write-offs or write-downs related to intangible assets, long-lived assets, investments in debt and equity securities or as a result of a change in law or regulation, in each case pursuant to GAAP, and the amortization of intangibles
arising pursuant to GAAP shall be excluded; 
 (j)    any expenses, charges or losses that are covered by
indemnification or other reimbursement provisions in connection with any Investment, Permitted Acquisition or any sale, conveyance, transfer or other disposition of assets permitted under this Agreement, to the extent actually reimbursed, or, so
long as the Borrower has made a determination that a reasonable basis exists for indemnification or reimbursement and only to the extent that such amount is in 

  
 20 

 
fact indemnified or reimbursed within 365 days of such determination (with a deduction in the applicable future period for any amount so added back to the extent not so indemnified or reimbursed
within such 365 days), shall be excluded; 
 (k)    to the extent covered by insurance and actually reimbursed, or, so
long as the Borrower has made a determination that there exists reasonable evidence that such amount will in fact be reimbursed within 365 days of the date of such determination (with a deduction in the applicable future period for any amount so
added back to the extent not so reimbursed within such 365 days), expenses, charges or losses with respect to liability or casualty events or business interruption shall be excluded; and 

(l)    any non-cash (for such period and all other periods) compensation charge or expense, including any such charge or
expense arising from the grants of stock appreciation or similar rights, stock options, restricted stock or other rights or equity incentive programs shall be excluded. 

“Consolidated Total Debt” means, as of any date of determination, (a) the aggregate principal amount of Indebtedness of
the Borrower and the Restricted Subsidiaries outstanding on such date, determined on a Consolidated basis in accordance with GAAP (but excluding the effects of any discounting of Indebtedness resulting from the application of purchase accounting in
connection with any Permitted Acquisition or any other Investment permitted hereunder), consisting of Indebtedness for borrowed money, unreimbursed obligations in respect of drawn letters of credit, obligations in respect of Capitalized Leases and
debt obligations evidenced by promissory notes or similar instruments, minus (b) unencumbered, unrestricted domestic cash and Cash Equivalents of the Borrower and the Restricted Subsidiaries on such date (which excludes Qualified Cash
except to the extent of the outstanding principal amount of Revolving Loans at such time); provided that Consolidated Total Debt shall not include Indebtedness in respect of (i) any letter of credit, except to the extent of unreimbursed
obligations in respect of drawn letters of credit (provided that any unreimbursed amount under commercial letters of credit shall not be counted as Consolidated Total Debt until three (3) Business Days after such amount is drawn (it being
understood that any borrowing, whether automatic or otherwise, to fund such reimbursement shall be counted)) and (ii) obligations under Swap Contracts. 

“Constituent Documents” means (a) with respect to any corporation, the certificate or articles of incorporation and the
bylaws (or equivalent or comparable constitutive documents with respect to any non-U.S. jurisdiction); (b) with respect to any limited liability company, the certificate or articles of formation or organization and operating agreement; and
(c) with respect to any partnership, joint venture, trust or other form of business entity, the partnership, joint venture or other applicable agreement of formation or organization and any agreement, instrument, filing or notice with respect
thereto filed in connection with its formation or organization with the applicable Governmental Authority in the jurisdiction of its formation or organization and, if applicable, any certificate or articles of formation or organization of such
entity. 
 “Contractual Obligation” means, as to any Person, any provision of any security issued by such Person or of any
agreement, instrument or other undertaking to which such Person is a party or by which it or any of its property is bound. 

  
 21 

 “Cost” means the cost of purchases of Inventory determined according to the
accounting policies used in the preparation of the Borrower’s financial statements. 
 “Covenant Trigger Event” means
that Excess Availability on any day is less than the greater of (i) $60,000,000 and (ii) 10% of the Maximum Credit. For purposes hereof, the occurrence of a Covenant Trigger Event shall be deemed to be continuing until Excess Availability is equal
to or greater than the greater of (i) $60,000,000 and (ii) 10% of the Maximum Credit, in each case, for thirty (30) consecutive days, in which case a Covenant Trigger Event shall no longer be deemed to be continuing for purposes of this
Agreement. The expiration of any Covenant Trigger Event in accordance with this definition shall not impair the commencement of any subsequent Covenant Trigger Event. 

“Credit Card Agreements” means all agreements now or hereafter entered into by the Borrower or any Guarantor for the benefit
of the Borrower or a Subsidiary Guarantor, in each case with any Credit Card Issuer or any Credit Card Processor, as the same now exist or may hereafter be amended, modified, supplemented, extended, renewed, restated or replaced, including, but not
limited to, the agreements set forth on Schedule 1.1E hereto. 
 “Credit Card Issuer” means any Person (other than
the Borrower or a Guarantor) who issues or whose members issue credit cards, including MasterCard or VISA bank credit or debit cards or other bank credit or debit cards issued through MasterCard International, Inc., Visa, U.S.A., Inc. or Visa
International and American Express, Discover, Diners Club, Carte Blanche and other non-bank credit or debit cards, including credit or debit cards issued by or through American Express Travel Related Services Company, Inc., and Novus Services, Inc.

 “Credit Card Notification” means, collectively, the notices to Credit Card Issuers or Credit Card Processors who are
parties to Credit Card Agreements in a form reasonably satisfactory to the Administrative Agent, and which Credit Card Notifications shall require the ACH or wire transfer no less frequently than each Business Day (and whether or not there are then
any outstanding Obligations) to an Approved Deposit Account of all payments due from Credit Card Processors. 
 “Credit Card
Processor” means any servicing or processing agent or any factor or financial intermediary who facilitates, services, processes or manages the credit authorization, billing transfer and/or payment procedures with respect to the
Borrower’s or any Guarantor’s sales transactions involving credit card or debit card purchases by customers using credit cards or debit cards issued by any Credit Card Issuer. 

“Credit Card Receivables” means, collectively, (a) all present and future rights of the Borrower or any Guarantor to
payment from any Credit Card Issuer, Credit Card Processor or other third party arising from sales of goods or rendition of services to customers who have purchased such goods or services using a credit or debit card and (b) all present and
future rights of the Borrower or any Guarantor to payment from any Credit Card Issuer, Credit Card Processor or other third party in connection with the sale or transfer of Accounts arising pursuant to the sale of goods or rendition of services to
customers who have purchased such goods or services using a credit card or a debit card, including, but not limited to, all amounts at any time due or to 

  
 22 

 become due from any Credit Card Issuer or Credit Card Processor under the Credit Card Agreements or
otherwise, in each case above calculated net of prevailing interchange charges. 
 “Credit Extension” means each of the
following: (a) a Borrowing and (b) any Letter of Credit Issuance. 
 “Cure Amount” has the meaning specified in
Section 10.4(b). 
 “Current Asset Collateral” means all the “ABL Priority
Collateral” as defined in the Intercreditor Agreement. 
 “Customer Credit Liabilities” means, at any time, the
aggregate remaining balance at such time of (a) outstanding gift certificates and gift cards of the Borrower and each Subsidiary Guarantor entitling the holder thereof to use all or a portion of the certificate or gift card to pay all or a
portion of the purchase price for any Inventory and (b) outstanding merchandise credits and customer rewards of the Borrower and each Subsidiary Guarantor, in each case, net of any dormancy reserves maintained by the Borrower and such
Subsidiary Guarantor on its books and records in the ordinary course of business consistent with past practices. 
 “Debtor Relief
Laws” means the Bankruptcy Code of the United States, and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor
relief Laws of the United States or other applicable jurisdictions from time to time in effect and affecting the rights of creditors generally. 

“Default” means any event or condition that constitutes an Event of Default or that, with the giving of any notice, the
passage of time, or both, would constitute an Event of Default. 
 “Default Rate” means an interest rate equal to
(a) with respect to Obligations (other than the outstanding principal amount of Loans), the Base Rate, plus (i) the Applicable Margin, if any, applicable to Base Rate Term Loans, plus (ii) 2.00% per annum and (b) that
with respect to the outstanding principal amount of any Loan, the Default Rate shall be an interest rate equal to the interest rate (including any Applicable Margin) otherwise applicable to such Loan (giving effect to
Section 2.11) plus 2.00% per annum, in each case, to the fullest extent permitted by applicable Laws. 

“Defaulting Lender” means, subject to Section 2.16(b), any Lender that, as determined by the
Administrative Agent in its reasonable discretion, (a) has failed to perform any of its funding obligations hereunder, including in respect of its Loans or participations in respect of Letters of Credit or Swing Loans, within one
(1) Business Day of the date required to be funded by it hereunder, (b) has notified the Borrower or the Administrative Agent that it does not intend to comply with its funding obligations or has made a public statement to that effect with
respect to its funding obligations hereunder or under other agreements in which it commits to extend credit, (c) has failed, within one (1) Business Day after request by the Administrative Agent, to confirm in a manner satisfactory to the
Administrative Agent that it will comply with its funding obligations (provided that any Lender that has failed to give such timely confirmation shall cease to be a Defaulting Lender under this clause (c) upon receipt of
such confirmation by the Administrative Agent), or (d) has, or has a direct or indirect parent company that has, after the 

  
 23 

 Restatement Effective Date, (i) become the subject of a proceeding under any Debtor Relief Law,
(ii) had a receiver, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its business or a custodian appointed for it, (iii) taken any action in
furtherance of, or indicated its consent to, approval of or acquiescence in any such proceeding or appointment or (iv) become the subject of a Bail-In Action; provided that a Lender shall not be a Defaulting Lender solely by virtue of
the ownership or acquisition of any Equity Interest in that Lender or any direct or indirect parent company thereof by a Governmental Authority. 

“Deposit Account” means any checking or other demand deposit account maintained by the Loan Parties, including any
“deposit accounts” under Article 9 of the UCC. All funds in such Deposit Accounts shall be conclusively presumed to be Collateral and proceeds of Collateral and the Agent and the Lenders shall have no duty to inquire as to the source of
the amounts on deposit in the Deposit Accounts, subject to the Security Agreement and the Intercreditor Agreement. 
 “Deposit
Account Control Agreement” has the meaning specified in Section 8.12(a). 
 “Designated Non-Cash Consideration” means the fair market value of non-cash consideration received by the Borrower or a Restricted Subsidiary in connection with a Disposition pursuant to
Section 9.5(j) that is designated as Designated Non-Cash Consideration pursuant to a certificate of a Responsible Officer, setting forth the basis of such valuation (which amount will be reduced by the fair market value of
the portion of the non-cash consideration converted to cash within one-hundred eighty (180) days following the consummation of the applicable Disposition). 

“Disposition” or “Dispose” means the sale, transfer, license, lease or other disposition (including any
sale-leaseback transaction and any sale or issuance of Equity Interests in a Restricted Subsidiary) of any property by any Person, including any sale, assignment, transfer or other disposal, with or without recourse, of any notes or accounts
receivable or any rights and claims associated therewith. 
 “Disqualified Equity Interests” means any Equity Interest
that, by its terms (or by the terms of any security or other Equity Interests into which it is convertible or for which it is exchangeable), or upon the happening of any event or condition (a) matures or is mandatorily redeemable (other than
solely for Qualified Equity Interests), pursuant to a sinking fund obligation or otherwise (except as a result of a change of control or asset sale so long as any rights of the holders thereof upon the occurrence of a change of control or asset sale
event shall be subject to the prior repayment in full of the Loans and all other Obligations that are accrued and payable and the termination of the Aggregate Commitments and all outstanding Letters of Credit (unless the Outstanding Amount of the
Letter of Credit Obligations related thereto has been Cash Collateralized or back-stopped by a letter of credit in form and substance reasonably satisfactory to the applicable Issuer)), (b) is redeemable at the option of the holder thereof (other
than solely for Qualified Equity Interests), in whole or in part, (c) provides for the scheduled payments of dividends in cash, or (d) is or becomes convertible into or exchangeable for Indebtedness or any other Equity Interests that would
constitute Disqualified Equity Interests, in each case, prior to the date that is ninety-one (91) days after the Latest Maturity Date of the 

  
 24 

 Loans at the time of issuance; provided that if such Equity Interests are issued pursuant to a plan
for the benefit of employees of Holdings, the Borrower or the Restricted Subsidiaries or by any such plan to such employees, such Equity Interests shall not constitute Disqualified Equity Interests solely because it may be required to be repurchased
by Holdings, the Borrower or the Restricted Subsidiaries in order to satisfy applicable statutory or regulatory obligations. 

“Document” has the meaning set forth in Article 9 of the UCC. 

“Documentary Letter of Credit” means any Letter of Credit that is drawable upon presentation of documents evidencing the sale
or shipment of goods purchased by the Borrower or a Guarantor in the ordinary course of its business. 
 “Dollars” and
“$” mean lawful money of the United States. 
 “Domestic Subsidiary” means any Subsidiary that is
organized under the Laws of the United States, any state thereof or the District of Columbia. 
 “EEA Financial
Institution” means (a) any credit institution or investment firm established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which
is a parent of an institution described in clause (a) of this definition, or (c) any financial institution established in an EEA Member Country which is a Subsidiary of an institution described in clauses (a) or (b) of this definition
and is subject to consolidated supervision with its parent. 
 “EEA Member Country” means any of the member states of the
European Union, Iceland, Liechtenstein, and Norway. 
 “EEA Resolution Authority” means any public administrative authority
or any Person entrusted with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution. 

“Effective Date” means September 30, 2011. 

“Eligible Accounts” means, as of any date of determination thereof, the aggregate amount of all Accounts due to the Borrower
and each Subsidiary Guarantor, except to the extent that (determined without duplication): 
 (a)    such Account does
not arise from the sale of goods or the performance of services by the Borrower or Subsidiary Guarantor in the ordinary course of its business; 

(b)    (i) the Borrower’s or Subsidiary Guarantor’s right to receive payment is not absolute or is contingent
upon the fulfillment of any condition whatsoever (other than the preparation and delivery of an invoice) or (ii) as to which such Person is not able to bring suit or otherwise enforce its remedies against the Account Debtor through judicial
process; 
 (c)    any defense, counterclaim, set-off or dispute exists as to such Account, but only to the extent of
such defense, counterclaim, set-off or dispute; 

  
 25 

 (d)    such Account is not a true and correct statement of bona fide
indebtedness incurred in the amount of the Account for merchandise sold to or services rendered and accepted by the applicable Account Debtor; 

(e)    an invoice, reasonably acceptable to the Administrative Agent in form and substance or otherwise in the form
otherwise required by any Account Debtor, has not been sent to the applicable Account Debtor in respect of such Account on or before the date as of which such Account is first included in the Borrowing Base Certificate or otherwise reported to the
Administrative Agent as Collateral; 
 (f)    such Account (i) is not owned by the Borrower or Subsidiary Guarantor
or (ii) is not subject to the first priority, valid and perfected security interest and Lien of Administrative Agent, for and on behalf of itself and the Lenders (subject only to Liens permitted under Section 9.1 having priority
by operation of applicable Law over the Liens of the Administrative Agent) or (iii) is subject to any other Lien (other than (x) Liens permitted hereunder pursuant to clauses (a), (c), (d), (h) and (bb)
of Section 9.1 and (y) Liens permitted under Section 9.1 (including clauses (w) and (x)) thereof) securing the “Obligations” (as defined under the First Lien
Term Facility Credit Agreement) and the “Obligations” (as defined under the Second Lien Term Facility Credit Agreement) (in each case, subject to the terms of the Intercreditor Agreement)) (the foregoing clauses (ii) and
(iii) (other than in respect of the immediately foregoing clause (y)) not being intended to limit the ability of the Administrative Agent to change, establish or eliminate any Reserves in its Permitted Discretion on account of any such
permitted Liens); 
 (g)    such Account is the obligation of an Account Debtor that is (i) a director, officer,
other employee or Affiliate of the Borrower or Subsidiary Guarantor or (ii) a natural person; provided that this clause (g) shall not exclude any Account of an Account Debtor solely on the basis that it is a portfolio
company of any Sponsor; 
 (h)    such Account is the obligation of an Account Debtor that is any Governmental
Authority; 
 (i)    Accounts subject to a partial payment plan; 

(j)    the Borrower or Subsidiary Guarantor is liable for goods sold or services rendered by the applicable Account Debtor
to the Borrower but only to the extent of the potential offset; 
 (k)    the Account is not paid on or prior to ninety
(90) days following the original invoice date; 
 (l)    the Account is not paid on or prior to sixty
(60) days following the date on which such Account was due; 
 (m)    such Account is the obligation of an Account
Debtor from whom 50% or more of the amount of all Accounts owing by that Account Debtor are ineligible under the criteria set forth in this definition; 

(n)    any of the representations or warranties in the Loan Documents with respect to such Account are untrue in any
material respect with respect to such Account (or, with respect to 

  
 26 

 
representations or warranties that are qualified by materiality, any of such representations and warranties are untrue); 

(o)    such Account is evidenced by chattel paper or an instrument of any kind, or has been reduced to judgment; 

(p)    such Account, together with all other Accounts owing by such Account Debtor and its Affiliates as of any date of
determination, exceeds the greater of (i) 25% of all Eligible Accounts and (ii) 15% of the Borrowing Base (but, in each case, only to the extent of such excess); 

(q)    such Account is payable in any currency other than Dollars; 

(r)    such Account has been redated, extended, compromised, settled or otherwise modified or discounted, except discounts
or modifications that are granted by the Borrower or Subsidiary Guarantor in the ordinary course of business and that are reflected in the calculation of the Borrowing Base; 

(s)    such Account is of an Account Debtor that is located in a state requiring the filing of a notice of business
activities report or similar report in order to permit the Borrower or Subsidiary Guarantor to seek judicial enforcement in such state of payment of such Account, unless the Borrower or Subsidiary Guarantor has qualified to do business in such state
or has filed a notice of business activities report or equivalent report for the then-current year or if such failure to file and inability to seek judicial enforcement is capable of being remedied without any material delay or material cost; 

(t)    such Account was acquired or originated by a Person acquired in a Permitted Acquisition (until such time as the
Administrative Agent has completed a customary due diligence investigation as to such Accounts and such Person, which investigation may, at the sole discretion of the Administrative Agent and at the expense of the Borrower (without regard to, or
counting against, any limitations on expense reimbursement or the number of Field Examinations that may be conducted during any period, as contained in Section 7.4), include a Field Examination, and the Administrative Agent
is satisfied with the results thereof in its Permitted Discretion); 
 (u)    Account Debtor is subject to an event of
the type described in Section 10.1(f); 
 (v)    such Account represents a sale on a
bill-and-hold, guaranteed sale, sale and return, sale on approval, consignment or other repurchase or return basis; 

(w)    the Account Debtor is organized or has its principal offices or assets outside the United States, unless such
Account is backed by a letter of credit reasonably acceptable to the Administrative Agent (which is issued by a bank reasonably acceptable to the Administrative Agent) and such letter of credit is subject to a first priority perfected Lien in favor
of the Administrative Agent; 
 (x)    the Account Debtor shall have returned the merchandise purchased giving rise to
such Account; 

  
 27 

 (y)    the portion, if any, of any Account that includes a billing for
interest, fees or late charges; or 
 (z)    such Account constitutes a Credit Card Receivable. 

Any Account which is not an Eligible Account shall nevertheless be part of the Collateral. 

“Eligible Assignee” means any Person that meets the requirements to be an assignee under
Section 12.2(b)(iii) and (v) (subject to such consents, if any, as may be required under Section 12.2(b)(iii)). 

“Eligible Credit Card Receivables” means, as to the Borrower and each Subsidiary Guarantor, Credit Card Receivables of such
Person which satisfy the criteria set forth below: 
 (a)    such Credit Card Receivables arise from the actual and
bona fide sale and delivery of goods or rendition of services by such Person in the ordinary course of the business of such Person; 

(b)    such Credit Card Receivables are not past due (beyond any stated applicable grace period, if any, therefor)
pursuant to the terms set forth in the Credit Card Agreements with the Credit Card Issuer or Credit Card Processor of the credit card or debit card used in the purchase which give rise to such Credit Card Receivables; 

(c)    such Credit Card Receivables are not unpaid more than five (5) Business Days after the date of the sale of
Inventory giving rise to such Credit Card Receivables; 
 (d)    the Credit Card Issuer or Credit Card Processor
obligated in respect of such Credit Card Receivable has not failed to remit any monthly payment in respect of such Credit Card Receivable; 

(e)    the Credit Card Issuer or Credit Card Processor with respect to such Credit Card Receivables has not asserted a
counterclaim, defense or dispute against such Credit Card Receivables (other than customary set-offs to fees and chargebacks consistent with the practices of such Credit Card Issuer or Credit Card Processor with such Person from time to time), but
the portion of the Credit Card Receivables owing by such Credit Card Issuer or Credit Card Processor in excess of the amount owing by such Person to such Credit Card Issuer or Credit Card Processor pursuant to such fees and chargebacks shall be
deemed Eligible Credit Card Receivables; 
 (f)    the Credit Card Issuer or Credit Card Processor with respect to such
Credit Card Receivables has not set off against amounts otherwise payable by such Credit Card Issuer or Credit Card Processor to such Person for the purpose of establishing a reserve or collateral for obligations of such Person to such Credit Card
Issuer or Credit Card Processor (other than customary set-offs and chargebacks consistent with the practices of such Credit Card Issuer or Credit Card Processor from time to time) but the portion of the Credit Card Receivables owing by such Credit
Card Issuer or Credit Card Processor in excess of the set-off amounts shall be deemed Eligible Credit Card Receivables; 

  
 28 

 (g)    such Credit Card Receivables (x) are owned by the Borrower
or a Subsidiary Guarantor and such Person has a good title to such Credit Card Receivables, (y) are subject to the first priority, valid and perfected security interest and Lien of Administrative Agent, for and on behalf of itself and the
Lenders (subject only to Liens permitted under Section 9.1 having priority by operation of applicable Law over the Liens of the Administrative Agent), and (z) are not subject to any other Lien (other than
(1) Liens permitted hereunder pursuant to clauses (a), (c), (d), (h) and (bb) of Section 9.1 and (2) Liens permitted under Section 9.1 (including
clauses (w) and (x) thereof) securing the “Obligations” (as defined under the First Lien Term Facility Credit Agreement) and the “Obligations” (as defined under the Second Lien Term Facility Credit Agreement)
(in each case, subject to the terms of the Intercreditor Agreement)) (the foregoing clauses (y) and (z) (other than in respect of the immediately foregoing clause (2)) not being intended to limit the ability of the
Administrative Agent to change, establish or eliminate any Reserves in its Permitted Discretion on account of any such permitted Liens); 

(h)    the Credit Card Issuer or Credit Card Processor with respect to such Credit Card Receivables is not subject to an
event of the type described in Section 10.1(f); 
 (i)    no event of default has occurred
under the Credit Card Agreement of such Person with the Credit Card Issuer or Credit Card Processor who has issued the credit card or debit card or handles payments under the credit card or debit card used in the sale which gave rise to such Credit
Card Receivables which event of default gives such Credit Card Issuer or Credit Card Processor the right to cease or suspend payments to such Person; 

(j)    the customer using the credit card or debit card giving rise to such Credit Card Receivable shall not have returned
the merchandise purchased giving rise to such Credit Card Receivable; 
 (k)    to the extent required by
Section 8.12(b), the Credit Card Receivables are subject to Credit Card Notifications; 

(l)    the Credit Card Processor is organized and has its principal offices or assets within the United States or is
otherwise acceptable to the Administrative Agent in its Permitted Discretion; 
 (m)    such Credit Card Receivables are
not evidenced by chattel paper or an instrument of any kind, and have not been reduced to judgment; 
 (n)    the
portion of such Credit Card Receivables that does not include a billing for interest, fees or late charges; and 

(o)    in the case of a Credit Card Receivable due from a Credit Card Processor (other than Fifth Third Bank, American
Express Travel Related Services Company, Inc. and Barclays Bank Delaware in the absence of a material adverse change in the creditworthiness of such Credit Card Processor), the Administrative Agent has not notified the Borrower that the
Administrative Agent has determined in its Permitted Discretion that such Credit Card Receivable is unlikely to be collected. 

  
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 Any Credit Card Receivables which are not Eligible Credit Card Receivables shall nevertheless be part of the
Collateral. 
 “Eligible Inventory” means, as to the Borrower and each Subsidiary Guarantor, Inventory consisting of
finished goods merchantable and readily saleable to the public in the ordinary course of the business of such Person but shall not include: 

(a)    work-in-process; 

(b)    raw materials; 

(c)    spare parts for equipment; 

(d)    packaging and shipping materials; 

(e)    supplies used or consumed in such Person’s business; 

(f)    Inventory located at premises owned and operated by a Person other than, and not leased by, the Borrower or any
Subsidiary Guarantor, if the Administrative Agent shall not have received a Collateral Access Agreement from the owner and operator with respect to such location, duly authorized, executed and delivered by such owner and operator (or the
Administrative Agent shall determine to accept a Collateral Access Agreement that does not include all required provisions or provisions in the form otherwise required by the Administrative Agent), unless the Administrative Agent has, at its option,
established such Availability Reserves in respect of amounts at any time due or to become due to the owner and operator thereof as the Administrative Agent shall determine in its Permitted Discretion; 

(g)    Inventory consisting of gasoline or diesel fuel; 

(h)    bill and hold goods; 

(i)    obsolete, unmerchantable, “seconds”, used, unfit for sale or slow moving Inventory; 

(j)    Inventory (i) which is not subject to the first priority, valid and perfected security interest of the
Administrative Agent, for and on behalf of itself and the Lenders (subject only to Liens permitted under having priority by operation of applicable Law over the Liens of the Administrative Agent) or (ii) which is subject to any other Lien
(other than (x) Liens permitted hereunder pursuant to clauses (a), (c), (d), (h), (q) and (bb) of Section 9.1 and (y) Liens permitted under
Section 9.1 (including clauses (w) and (x) thereof) securing the “Obligations” (as defined under the First Lien Term Facility Credit Agreement) and the “Obligations” (as defined under
the Second Lien Term Facility Credit Agreement) (in each case, subject to the terms of the Intercreditor Agreement)) (the foregoing clauses (i) and (ii) (other than in respect of the immediately foregoing clause (y))
not being intended to limit the ability of the Administrative Agent to change, establish or eliminate any Reserves in its Permitted Discretion on account of any such permitted Liens); 

(k)    damaged and/or defective Inventory; 

  
 30 

 (l)    returned Inventory which is not held for sale in the ordinary
course of business; 
 (m)    Inventory purchased or sold on consignment; 

(n)    Inventory acquired in a Permitted Acquisition, unless (i) such Inventory otherwise meets the requirements of
Eligible Inventory and (ii) the Administrative Agent has completed or received, in any case at the expense of the Borrower (without regard to, or counting against, any limitations on expense reimbursement or the number of Field Examinations or
Inventory Appraisals that may be conducted during any period, as contained in Section 7.4) (A) an Inventory Appraisal of such Inventory from appraisers reasonably satisfactory to the Administrative Agent, and established
Inventory Reserves (if applicable) therefor and (B) such other due diligence as the Administrative Agent may require in its Permitted Discretion, all of the results of the foregoing to be satisfactory to the Administrative Agent in its
Permitted Discretion (provided, it is agreed that so long as the Administrative Agent has received reasonable prior notice of such Permitted Acquisition and the Loan Parties reasonably cooperate (and cause the Person being acquired to reasonably
cooperate) with the Administrative Agent, the Administrative Agent shall use reasonable best efforts to complete such due diligence and a related appraisal on or prior to the closing date of such Permitted Acquisition); 

(o)    Inventory that is not solely owned by the applicable Loan Party or the applicable Loan Party does not have good and
valid title thereto; 
 (p)    Inventory that is not located in the United States (excluding territories or possessions
of the United States); 
 (q)    custom items; 

(r)    spare parts or promotional or marketing materials; 

(s)    samples, labels, and other similar non-merchandise categories; 

(t)    Inventory that is not in material compliance with all standards imposed by any Governmental Authority having
regulatory authority over such Inventory, its use or sale; 
 (u) Inventory that is not insured in compliance with this Agreement; 

(v)    Inventory that has been sold but not yet delivered or as to which the Borrower has accepted a deposit; 

(w)    Inventory that is subject to any licensing or royalty agreement (including those agreements regarding the use or
ownership of IP Rights) with any third party from which the Borrower or any of its Subsidiaries has received notice of a dispute in respect of any such agreement (but ineligibility shall be limited to the amount of such dispute); 

(x)    In-Transit Inventory (whether or not financed with Letters of Credit issued hereunder); and 

  
 31 

 (y)    Except as otherwise agreed by the Administrative Agent in its
Permitted Discretion, Inventory that represents goods that do not conform in all material respects to the representations and warranties contained in this Agreement or any of the Collateral Documents. 

Any Inventory which is not Eligible Inventory shall nevertheless be part of the Collateral. 

“EMU Legislation” means the legislative measures of the European Council for the introduction of, changeover to or operation
of a single or unified European currency. 
 “Entitlement Holder” has the meaning given to such term in Article 8 of the
UCC. “Entitlement Order” has the meaning given to such term in Article 8 of the UCC. 
 “Environmental
Claim” means any and all administrative, regulatory or judicial actions, suits, demands, demand letters, claims, liens, notices of noncompliance or violation, investigations (other than internal reports prepared by any Loan Party or any of
its Subsidiaries (a) in the ordinary course of such Person’s business or (b) as required in connection with a financing transaction or an acquisition or disposition of real estate) or proceedings with respect to any Environmental
Liability (hereinafter “Claims”), including (i) any and all Claims by governmental or regulatory authorities for enforcement, cleanup, removal, response, remedial or other actions or damages pursuant to any Environmental Law
and (ii) any and all Claims by any third party seeking damages, contribution, indemnification, cost recovery, compensation or injunctive relief pursuant to any Environmental Law. 

“Environmental Laws” means any and all Laws relating to the protection of the environment or, to the extent relating to
exposure to Hazardous Materials, human health. 
 “Environmental Liability” means any liability, contingent or otherwise
(including any liability for damages, costs of environmental remediation, fines, penalties or indemnities) of any Loan Party or any of its Subsidiaries directly or indirectly resulting from or based upon (a) violation of any Environmental Law,
(b) the generation, use, handling, transportation, storage, treatment or disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the release or threatened release of any Hazardous Materials into the
environment or (e) any contract, agreement or other consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing. 

“Environmental Permit” means any permit, approval, identification number, license or other authorization required under any
Environmental Law. 
 “Equity Interests” means, with respect to any Person, all of the shares, interests, rights,
participations or other equivalents (however designated) of capital stock of (or other ownership or profit interests or units in) such Person and all of the warrants, options or other rights for the purchase, acquisition or exchange from such Person
of any of the foregoing (including through convertible securities). 
 “ERISA” means the Employee Retirement Income
Security Act of 1974, as amended from time to time. 

  
 32 

 “ERISA Affiliate” means any trade or business (whether or not incorporated)
that together with any Loan Party is treated as a single employer within the meaning of Section 414(b) or (c) of the Code or, solely for purposes of Section 302 or 303 of ERISA or Section 412, 430 or 4971 of the Code, is treated
as a single employer within the meaning of Section 414 of the Code. 
 “ERISA Event” means (a) a Reportable Event
with respect to a Pension Plan; (b) a withdrawal by any Loan Party or any of their respective ERISA Affiliates from a Pension Plan subject to Section 4063 of ERISA during a plan year in which it was a “substantial employer” (as
defined in Section 4001(a)(2) of ERISA) or a cessation of operations that is treated as such a withdrawal under Section 4062(e) of ERISA; (c) a complete or partial withdrawal by any Loan Party or any of their respective ERISA
Affiliates from a Multiemployer Plan, receipt of written notification by any Loan Party or any of their respective ERISA Affiliates concerning the imposition of Withdrawal Liability or written notification that a Multiemployer Plan is insolvent
within the meaning of Section 4245 of ERISA; (d) the filing by the plan administrator under Section 4041(c) of ERISA of a notice of intent to terminate a Pension Plan, the treatment of a Pension Plan or Multiemployer Plan amendment as
a termination under Sections 4041 or 4041A of ERISA, or the commencement of proceedings by the PBGC to terminate a Pension Plan or Multiemployer Plan; (e) the imposition of any liability under Title IV of ERISA with respect to the termination
of any Pension Plan or Multiemployer Plan, other than for the payment of plan contributions or PBGC premiums due but not delinquent under Section 4007 of ERISA, upon any Loan Party or any of their respective ERISA Affiliates, (f) the
application for a minimum funding waiver under Section 302(c) of ERISA with respect to a Pension Plan, (g) the imposition of a lien under Section 303(k) of ERISA with respect to any Pension Plan or (h) a determination that any
Pension Plan is in “at risk” status (within the meaning of Section 303(i) of ERISA). 
 “EU Bail-In Legislation
Schedule” means the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor person), as in effect from time to time. 

“Eurocurrency Rate” means: 

(a)    for any Interest Period with respect to a Eurocurrency Rate Loan, the rate per annum which appears on the Reuters
Screen LIBOR01 page as of 11:00 a.m., London time, on the second London Business Day preceding the first day of such Interest Period (or if such rate does not appear on the Reuters Screen LIBOR01 Page, then the rate as determined by the
Administrative Agent from another recognized source or interbank quotation), for a term, and in an amount, comparable to the Interest Period and the amount of the Eurocurrency Rate Loan requested (whether as an initial Eurocurrency Rate Loan or as a
continuation of a Eurocurrency Rate Loan or as a conversion of a Base Rate Loan to a Eurocurrency Rate Loan) by the Borrower in accordance with this Agreement (and, if any such rate is below zero, the Eurocurrency Rate shall be deemed to be zero),
which determination shall be made by Administrative Agent and shall be conclusive in the absence of manifest error. If such rate is not available at such time for any reason, then the “Eurocurrency Rate” for such Interest Period shall be
the rate per annum determined by the Administrative Agent to be the rate at which deposits in Dollars for delivery on the first date of such Interest Period in Same Day Funds in the approximate amount of the Eurocurrency Rate Loan being made,
continued or converted by Wells Fargo and with a term equivalent to such Interest Period would be offered to Wells Fargo by major banks in the London interbank eurodollar market in which Wells Fargo participates at their request at approximately

  
 33 

 
11:00 a.m. (London time) two (2) Business Days prior to the commencement of such Interest Period; and 

(b)    for any interest calculation with respect to a Base Rate Loan on any date, the rate per annum equal to (i) the
rate per annum rate which appears on the Reuters Screen LIBOR01 page as of 11:00 a.m., London time, on the second London Business Day prior to such date for Dollar deposits being delivered in the London interbank market for a term of one
(1) month commencing that day or (ii) if such published rate is not available at such time for any reason, the rate per annum, as determined by the Administrative Agent, to be the rate at which deposits in Dollars for delivery on the date
of determination in Same Day Funds in the approximate amount of the Base Rate Loan being made or maintained and with a term equal to one (1) month would be offered by major financial institutions reasonably satisfactory to the Administrative
Agent and the Borrower in the London interbank market on such date of determination. 
 “Eurocurrency Rate Loan” means a
Loan that bears interest at a rate based on clause (a) of the definition of Eurocurrency Rate. 
 “Eurocurrency Rate
Revolving Loan” means any Revolving Loan that bears interest at a rate based on clause (a) of the definition of Eurocurrency Rate. 

“Eurocurrency Rate Term Loan” means any portion of the Term Loan that bears interest at a rate based on clause
(a) of the definition of Eurocurrency Rate. 
 “Euros” means the lawful currency of the Participating
Member States introduced in accordance with the EMU Legislation. 
 “Event of Default” has the meaning specified in
Section 10.1. 
 “Excess Availability” means, at any time, an amount equal to (a) the lesser
of (i) the Aggregate Revolving Credit Commitments at such time or (ii) the Borrowing Base as in effect at such time, minus (b) the aggregate Revolving Credit Outstandings at such time. 

“Exchange Act” means the Securities Exchange Act of 1934, as amended. 

“Excluded Assets” has the meaning specified in the Security Agreement. 

“Excluded Subsidiary” means, if and to the extent such Subsidiary is not a borrower or guarantor under the First Lien Term
Facility or the Second Lien Term Facility, or any Permitted Refinancing thereof, (a) any Subsidiary that is not a Wholly-Owned Subsidiary of the Borrower or a Guarantor, (b) any Foreign Subsidiary of the Borrower or of any direct or
indirect Domestic Subsidiary or Foreign Subsidiary, (c) any Domestic Subsidiary if substantially all of its assets consist of Equity Interests in one or more Foreign Subsidiaries, (d) any Domestic Subsidiary that is a direct or indirect
Subsidiary of a Foreign Subsidiary, (e) any Subsidiary that is prohibited or restricted by applicable Law from providing a Guaranty or if such Guaranty would require governmental (including regulatory) consent, approval, license or
authorization, (f) any Subsidiary that is a special purpose securitization vehicle (or similar entity), (g) any Subsidiary that is a not-for-profit organization, (h) any other Subsidiary with respect to which, in the reasonable judgment of
the Administrative Agent (confirmed in writing by notice to the 

  
 34 

 
Borrower), the cost or other consequences (including any adverse tax consequences) of providing the Guaranty shall be excessive in view of the benefits to be obtained by the Lenders therefrom,
(i) each Unrestricted Subsidiary and (j) any Captive Insurance Subsidiary. 
 “Excluded Swap Obligation” means,
with respect to any Guarantor or any Limited Guarantor, any Swap Obligation if, and to the extent that, all or a portion of the Guaranty of such Guarantor or the Limited Recourse Guaranty of such Limited Guarantor, as applicable, of, or the grant by
such Guarantor of a security interest to secure or the grant by such Limited Guarantor of a Mortgage to secure, such Swap Obligation (or any Guaranty or Limited Recourse Guaranty thereof) is or becomes illegal under the Commodity Exchange Act or any
rule, regulation or order of the Commodity Futures Trading Commission (or the application or official interpretation of any thereof) by virtue of such Guarantor’s or Limited Guarantor’s, as applicable, failure for any reason to constitute
an “eligible contract participant” as defined in the Commodity Exchange Act at the time the Guaranty or Limited Guaranty of such Guarantor or Limited Guarantor, as applicable, becomes effective with respect to such related Swap Obligation.
If a Swap Obligation arises under a master agreement governing more than one swap, such exclusion shall apply only to the portion of such Swap Obligation that is attributable to swaps for which the Guaranty of such Guarantor or the Limited Recourse
Guaranty of such Limited Guarantor, as applicable, or the grant by such Guarantor of a security interest or the grant by such Limited Guarantor of a Mortgage, as applicable, is or becomes illegal. 

“Existing Credit Agreement” has the meaning set forth in the preliminary statements. 

“Existing Facility” means the credit facilities set forth in the Existing Credit Agreement. 

“Existing Lender” has the meaning set forth in the preliminary statements. 

“Existing Letter of Credit” means any letter of credit or banker’s acceptance previously issued for the account of the
Company or any Subsidiary Guarantor by Wells Fargo or Bank of America, N.A. (as the case may be) that is (a) outstanding on the Restatement Effective Date and (b) listed on Schedule 1.1F. 

“Existing Revolver Tranche” has the meaning specified in Section 2.17(a). 

“Existing Revolving Loans” means the outstanding “Revolving Loans” under and as defined in the Existing Credit
Agreement. 
 “Existing Term Loan Facilities” means, collectively, (i) the credit facilities under that certain credit
agreement dated as of the Effective Date evidencing a senior secured first lien term facility, among the Borrower, Holdings, the lenders party thereto and Deutsche Bank AG New York Branch, as administrative agent and collateral agent, as the same
may be amended, restated, modified or supplemented and in effect immediately prior to the Restatement Effective Date (the “Existing First Lien Term Facility Credit Agreement”), and (ii) the credit facilities under that certain
credit agreement dated as of the Effective Date evidencing a senior secured second lien term facility, among the Borrower, Holdings, the lenders party thereto and Deutsche Bank AG New York Branch, as administrative agent and collateral agent, as the
same has been amended, restated, modified or supplemented and in effect immediately prior to the Restatement Effective Date (the “Existing Second Lien Term Facility Credit Agreement”). 

  
 35 

 “Existing Term Loans” means the outstanding “Term Loans” under
and as defined in the Existing Credit Agreement. 
 “Existing Term Tranche” has the meaning specified in
Section 2.18(a). 
 “Extended Revolving Credit Commitments” has the meaning specified in
Section 2.17(a). 
 “Extended Term Loans” has the meaning specified in
Section 2.18(a). 
 “Extending Revolving Credit Lender” has the meaning specified in
Section 2.17(b). 
 “Extending Term Lender” has the meaning specified in
Section 2.18(b). 
 “Facility” means the Term Facility or the Revolving Credit Facility, as the
context may require. 
 “FATCA” means Sections 1471 through 1474 of the Code as in effect on the Restatement Effective Date
(or any amended or successor provision that is substantively comparable and not materially more onerous to comply with), any current or future regulations promulgated thereunder or official interpretations thereof, any agreements entered into
pursuant to Section 1471(b)(1) of the Code and any intergovernmental agreements entered into thereunder. 
 “Federal Funds
Rate” means, for any day, the rate per annum equal to the weighted average of the rates on overnight Federal Funds transactions with members of the Federal Reserve System on such day, as published by the Federal Reserve Bank of New York on
the Business Day next succeeding such day, provided that if no such rate is so published on such next succeeding Business Day, the Federal Funds Rate for such day shall be the average rate quoted to the Administrative Agent on such day on such
transactions as determined by the Administrative Agent in a commercially reasonable manner. 
 “Federal Reserve Board”
means the Board of Governors of the United States Federal Reserve System, or any successor thereto. 
 “Fee Letter” means
that certain Fee Letter dated as of January 19, 2017, among the Borrower and Wells Fargo. 
 “Field Examination” has the
meaning specified in Section 7.4(d). 
 “Financial Asset” has the meaning given to such term in
Article 8 of the UCC. 
 “Financial Statements” means the financial statements of the Borrower and its Subsidiaries
delivered in accordance with Sections 7.1(a) and 7.1(b). 
 “FIRREA” means the Financial Institutions Reform,
Recovery and Enforcement Act of 1989, as amended. 
 “First Lien Term Facility” means the credit facilities under the First
Lien Term Facility Credit Agreement. 

  
 36 

 “First Lien Term Facility Administrative Agent” means Nomura Corporate
Funding Americas, LLC, in its capacity as administrative agent and collateral agent under the First Lien Term Facility Credit Agreement, or any successor administrative agent and collateral agent under the First Lien Term Facility Credit Agreement.

 “First Lien Term Facility Credit Agreement” means that certain credit agreement dated as of the Restatement Effective
Date evidencing a senior secured first lien term facility, among the Borrower, Holdings, the lenders party thereto and Nomura Corporate Funding Americas, LLC, as administrative agent and collateral agent, as the same may be amended, restated,
modified, supplemented, extended, renewed, refunded, replaced or refinanced from time to time in one or more agreements (in each case with the same or new lenders, institutional investors or agents), including any agreement extending the maturity
thereof or otherwise restructuring all or any portion of the Indebtedness thereunder or increasing the amount loaned or issued thereunder or altering the maturity thereof, in each case as and to the extent permitted by this Agreement and the
Intercreditor Agreement. 
 “First Lien Term Facility Documentation” means the First Lien Term Facility Credit Agreement
and all security agreements, guarantees, pledge agreements and other agreements or instruments executed in connection therewith. 

“First Lien Term Facility Lenders” means the lenders from time to time party to the First Lien Term Facility Credit
Agreement. 
 “Fiscal Month” means a fiscal month of any Fiscal Year. “Fiscal Quarter” means a fiscal
quarter of any Fiscal Year. 
 “Fiscal Year” means the fiscal year of the Borrower and its Subsidiaries ending on the
Saturday closest to January 31 in the following calendar year. 
 “Fixed Charge Coverage Ratio” means, with respect to the
Borrower and its Restricted Subsidiaries for any Test Period, the ratio of (a) (i) Consolidated EBITDA for such period, minus (ii) Capital Expenditures paid or payable in cash during such period, minus (iii) Cash Taxes
for such period, to (b) the Fixed Charges of such Person for such period. 
 “Fixed Charges” means, with respect to
the Borrower and its Restricted Subsidiaries for any Test Period, the sum, determined on a Consolidated basis in accordance with GAAP, of (a) Consolidated Net Cash Interest Expense for such period, plus (b) scheduled payments of
principal on Indebtedness for borrowed money due and payable during such period. 
 “Foreign Lender” has the meaning
specified in Section 3.1(b). 
 “Foreign Plan” means any material employee benefit plan, program
or agreement maintained or contributed to by, or entered into with, Holdings or any Subsidiary of Holdings with respect to employees employed outside the United States (other than benefit plans, programs or agreements that are mandated by applicable
Laws). 

  
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 “Foreign Subsidiary” means any direct or indirect Restricted Subsidiary of
the Borrower that is not a Domestic Subsidiary. 
 “Fronting Exposure” means, at any time there is a Defaulting Lender,
(a) with respect to an Issuer, such Defaulting Lender’s Applicable Revolving Credit Percentage of the outstanding Letter of Credit Obligations to the extent that such Defaulting Lender’s Applicable Revolving Credit Percentage of such
outstanding Letter of Credit Obligations has not been reallocated pursuant to Section 2.16(a)(iv) or Cash Collateralized pursuant to Section 2.16(c), and (b) with respect to the
Swing Loan Lender, such Defaulting Lender’s Applicable Revolving Credit Percentage of Swing Loans to the extent that such Defaulting Lender’s Applicable Revolving Credit Percentage of Swing Loans has not been reallocated pursuant to
Section 2.16(a)(iv) or Cash Collateralized pursuant to Section 2.16(c). 

“Fund” means any Person (other than a natural person) that is engaged in making, purchasing, holding or otherwise investing
in commercial loans and similar extensions of credit in the ordinary course. 
 “GAAP” means generally accepted accounting
principles in the United States, as in effect from time to time; provided, however, that if the Borrower notifies the Administrative Agent that the Borrower requests an amendment to any provision hereof to eliminate the effect of any
change occurring after the Effective Date in GAAP or in the application thereof (including through the adoption of IFRS) on the operation of such provision (or if the Administrative Agent notifies the Borrower that the Requisite Lenders request an
amendment to any provision hereof for such purpose), regardless of whether any such notice is given before or after such change in GAAP or in the application thereof (including through the adoption of IFRS), then such provision shall be interpreted
on the basis of GAAP as in effect and applied immediately before such change shall have become effective until such notice shall have been withdrawn or such provision amended in accordance herewith. 

“Gas Station Disposal Reserve” a reserve as may be established from time to time by the Administrative Agent, in its
Permitted Discretion, with respect to costs that will need to be paid to close down gas stations of the Borrower and the Subsidiary Guarantors in compliance with applicable Environmental Laws, to the extent that such costs are reasonably expected to
be incurred as a result of the closure of any such gas stations in connection with a Liquidation. 
 “Governmental
Authority” means the government of the United States or any other nation, or of any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity
exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government (including any supra-national bodies such as the European Union or the European Central Bank). 

“Granting Lender” has the meaning specified in Section 12.2(g). 

“Guarantee” means, as to any Person, without duplication, (a) any obligation, contingent or otherwise, of such Person
guaranteeing or having the economic effect of guaranteeing any Indebtedness or other monetary obligation payable or performable by another Person (the 

  
 38 

 
“primary obligor”) in any manner, whether directly or indirectly, and including any obligation of such Person, direct or indirect, (i) to purchase or pay (or advance or
supply funds for the purchase or payment of) such Indebtedness or other monetary obligation, (ii) to purchase or lease property, securities or services for the purpose of assuring the obligee in respect of such Indebtedness or other monetary
obligation of the payment or performance of such Indebtedness or other monetary obligation, (iii) to maintain working capital, equity capital or any other financial statement condition or liquidity or level of income or cash flow of the primary
obligor so as to enable the primary obligor to pay such Indebtedness or other monetary obligation, or (iv) entered into for the purpose of assuring in any other manner the obligee in respect of such Indebtedness or other monetary obligation of
the payment or performance thereof or to protect such obligee against loss in respect thereof (in whole or in part), or (b) any Lien on any assets of such Person securing any Indebtedness or other monetary obligation of any other Person,
whether or not such Indebtedness or other monetary obligation is assumed by such Person (or any right, contingent or otherwise, of any holder of such Indebtedness to obtain any such Lien); provided that the term “Guarantee” shall
not include endorsements for collection or deposit, in either case in the ordinary course of business, or customary and reasonable indemnity obligations in effect on the Effective Date or entered into in connection with any acquisition or
disposition of assets permitted under this Agreement (other than such obligations with respect to Indebtedness). The amount of any Guarantee shall be deemed to be an amount equal to the stated or determinable amount of the related primary
obligation, or portion thereof, in respect of which such Guarantee is made or, if not stated or determinable, the maximum reasonably anticipated liability in respect thereof as determined by the guaranteeing Person in good faith. The term
“Guarantee” as a verb has a corresponding meaning. 
 “Guarantors” has the meaning specified in the definition of
“Collateral and Guarantee Requirement”. For the avoidance of doubt, the Borrower may cause any Restricted Subsidiary that is not a Guarantor to Guarantee the Obligations by causing such Restricted Subsidiary to execute a supplement to the
Guaranty in substantially the form attached thereto, and any such Restricted Subsidiary shall be a Guarantor hereunder and thereunder for all purposes. On the Restatement Effective Date, the Guarantors are (a) Holdings, (b) BJME Operating
Corp., a Massachusetts corporation, (c) BJNH Operating Co., LLC, a Delaware limited liability company, and (d) Natick Realty, Inc., a Maryland corporation. 

“Guaranty” means (a) the guaranty made by Holdings and the other Guarantors in favor of the Administrative Agent on
behalf of the Secured Parties pursuant to clause (b) of the definition of “Collateral and Guarantee Requirement,” substantially in the form of Exhibit H, and (b) each other guaranty and guaranty
supplement delivered pursuant to Section 8.11 (it being understood, for the avoidance of doubt, that each Limited Recourse Guaranty shall not be a “Guaranty” hereunder). 

“Hazardous Materials” means all explosive or radioactive substances or wastes, all hazardous or toxic substances, and all
wastes or pollutants, including petroleum or petroleum distillates, asbestos or asbestos-containing materials, polychlorinated biphenyls, radon gas and infectious or medical wastes regulated pursuant to any Environmental Law. 

“Hedge Bank” means, with respect to any Swap Contract, as of any date of determination, (a) any Person that is a Lender
or an Affiliate of a Lender on such date, in their 

  
 39 

 
capacity as a counterparty to such Swap Contract or (b) any Person who (i) was a Lender or an Affiliate of a Lender at the time such Swap Contract was entered into and who is no longer
a Lender or an Affiliate of a Lender, (ii) is, and at all times remains, in compliance with the provisions of Section 11.13(b)(i) and (iii) agrees in writing (x) that the Agents and the other Secured Parties
shall have no duty to such Person (other than the payment of any amounts to which such Person may be entitled under Section 10.3) and acknowledges that the Agents and the other Secured Parties may deal with the Loan Parties
and the Collateral as they deem appropriate (including the release of any Loan Party or all or any portion of the Collateral) without notice or consent from such Person, whether or not such action impairs the ability of such Person to be repaid
Obligations owing to it in respect of the Secured Hedge Agreements to which it is a party) and (y) to be bound by Section 11.13(b)(ii). 

“Holdings” has the meaning specified in the introductory paragraph to this Agreement. 

“IFRS” means international accounting standards within the meaning of the IAS Regulation 1606/2002 to the extent applicable
to the relevant financial statements. 
 “In-Transit Inventory” means Inventory located outside of the United States or in
transit within or outside of the United States to the Borrower or any Subsidiary Guarantor from vendors and suppliers that has not yet been received into a distribution center or store of such Person. 

“Incremental Amendment” has the meaning specified in Section 2.15. 

“Incremental Availability” has the meaning specified in Section 2.15(a). 

“Incremental Facility Effective Date” has the meaning specified in Section 2.15. 

“Indebtedness” means, as to any Person at a particular time, without duplication, all of the following, whether or not
included as indebtedness or liabilities in accordance with GAAP: 
 (a)    all obligations of such Person for borrowed
money and all obligations of such Person evidenced by bonds, debentures, notes, loan agreements or other similar instruments; 

(b)    the maximum amount (after giving effect to any prior drawings or reductions that may have been reimbursed) of all
letters of credit (including standby and commercial), bankers’ acceptances, bank guaranties, surety bonds, performance bonds and similar instruments issued or created by or for the account of such Person; 

(c)    net obligations of such Person under any Swap Contract; 

(d)    all obligations of such Person to pay the deferred purchase price of property or services (other than
(i) trade accounts and accrued expenses payable in the ordinary course of business, (ii) any earn-out obligation until such obligation is not paid after becoming due and payable and (iii) accruals for payroll and other liabilities
accrued in the ordinary course of business); 
 (e)    indebtedness (excluding prepaid interest thereon) secured by a
Lien on property owned or being purchased by such Person (including indebtedness arising under conditional 

  
 40 

 
sales or other title retention agreements and mortgage, industrial revenue bond, industrial development bond and similar financings), whether or not such indebtedness shall have been assumed by
such Person or is limited in recourse; 
 (f)    all Attributable Indebtedness; 

(g)    all obligations of such Person in respect of Disqualified Equity Interests; and 

(h)    all Guarantees of such Person in respect of any of the foregoing. 

For all purposes hereof, the Indebtedness of any Person shall (A) include the Indebtedness of any partnership or joint venture (other
than a joint venture that is itself a corporation or limited liability company) in which such Person is a general partner or a joint venturer, except to the extent such Person’s liability for such Indebtedness is otherwise limited and only to
the extent such Indebtedness would be included in the calculation of Consolidated Total Debt, and (B) in the case of Restricted Subsidiaries that are not Loan Parties, exclude loans and advances made by Loan Parties having a term not exceeding
364 days (inclusive of any roll over or extensions of terms) and made in the ordinary course of business solely to the extent that such intercompany loans and advances are evidenced by one or more notes in form and substance reasonably satisfactory
to the Administrative Agent and pledged as Collateral. The amount of any net obligation under any Swap Contract on any date shall be deemed to be the Swap Termination Value thereof as of such date. The amount of Indebtedness of any Person for
purposes of clause (e) shall be deemed to be equal to the lesser of (i) the aggregate unpaid amount of such Indebtedness and (ii) the fair market value (as determined by such Person in good faith) of the property encumbered thereby as
determined by such Person in good faith. 
 “Indemnified Liabilities” has the meaning specified in
Section 12.4(a). 
 “Indemnitees” has the meaning specified in
Section 12.4(a). 
 “Independent Financial Advisor” means an accounting, appraisal, investment
banking firm or consultant of nationally recognized standing that is, in the good faith judgment of the Borrower, qualified to perform the task for which it has been engaged and that is independent of the Borrower and its Affiliates. 

“Information” has the meaning specified in Section 12.19. 

“Initial Inventory Appraisal” means that certain report prepared by Tiger Valuation Services for the Administrative Agent
dated August 17, 2011. 
 “Intellectual Property” has the meaning specified in the Security Agreement. 

“Intellectual Property Security Agreements” has the meaning specified in the Security Agreement. 

“Intercompany Subordination Agreement” means an agreement executed by each Restricted Subsidiary of the Borrower, in
substantially the form of Exhibit L. 

  
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 “Intercreditor Agreement” means the intercreditor agreement, dated as of
the Restatement Effective Date, among Holdings, the Borrower, the Administrative Agent, the First Lien Term Facility Administrative Agent and the Second Lien Term Facility Administrative Agent, substantially in the form attached as Exhibit K,
as amended, restated, supplemented or otherwise modified from time to time in accordance therewith and herewith. 
 “Interest
Period” means, as to each Eurocurrency Rate Loan, the period commencing on the date such Eurocurrency Rate Loan is disbursed or converted to or continued as a Eurocurrency Rate Loan and ending on the date one week, or one, two, three or six
months thereafter, or to the extent consented to by each applicable Lender, nine or twelve months (or such period of less than one month (other than a period of one week) as may be consented to by each applicable Lender), as selected by the Borrower
in its Notice of Borrowing or Notice of Conversion or Continuation; provided that: 
 (a)    any Interest Period
that would otherwise end on a day that is not a Business Day shall be extended to the next succeeding Business Day unless such Business Day falls in another calendar month, in which case such Interest Period shall end on the immediately preceding
Business Day; 
 (b)    any Interest Period (other than an Interest Period having a duration of less than one month)
that begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of the calendar month at the end
of such Interest Period; and 
 (c)    no Interest Period shall extend beyond the applicable Scheduled Termination Date
of the Class of Loans of which the Eurocurrency Rate Loan is a part. 
 “Inventory” has the meaning given to such term
in Article 9 of the UCC. 
 “Inventory Reserves” means (a) such reserves as may be established from time to time by
the Administrative Agent, in its Permitted Discretion, with respect to changes in the determination of the saleability, at retail, of the Eligible Inventory or which reflect such other factors as negatively affect the market value of the Eligible
Inventory and (b) Shrink Reserves. 
 “Investment” means, as to any Person, any direct or indirect acquisition or
investment by such Person, whether by means of (a) the purchase or other acquisition (including without limitation by merger or otherwise) of Equity Interests or debt or other securities of another Person, (b) a loan, advance or capital
contribution to, Guarantee or assumption of Indebtedness of, or purchase or other acquisition of any other debt or equity participation or interest in, another Person, including any partnership or joint venture interest in such other Person
(excluding, in the case of the Borrower and its Restricted Subsidiaries, intercompany loans, advances, or Indebtedness having a term not exceeding 364 days (inclusive of any roll-over or extensions of terms) and made in the ordinary course of
business) or (c) the purchase or other acquisition (in one transaction or a series of transactions, including without limitation by merger or otherwise) of all or substantially all of the property and assets or business of another Person or
assets constituting a business unit, line of business or division of such Person. For purposes of covenant compliance, the amount of any Investment at any time shall be the amount actually 

  
 42 

 invested (measured at the time made), without adjustment for subsequent changes in the value of such
Investment, net of any return representing a return of capital with respect to such Investment. 
 “Investment Grade
Rating” means a rating equal to or higher than Baa3 (or the equivalent) by Moody’s and BBB (or the equivalent) by S&P, or an equivalent rating by any other nationally recognized statistical rating agency selected by the Borrower.

 “IP Rights” has the meaning specified in Section 5.15. 

“IRS” means the Internal Revenue Service of the United States. 

“ISP” means, with respect to any Letter of Credit, the “International Standby Practices 1998” published by the
Institute of International Banking Law & Practice (or such later version thereof as may be in effect at the time of issuance). 

“Issue” means, with respect to any Letter of Credit, to issue, extend the expiration date of, renew (including by failure to
object to any automatic renewal on the last day such objection is permitted), increase the face amount of, or reduce or eliminate any scheduled decrease in the face amount of, such Letter of Credit, or to cause any Person to do any of the foregoing.
The terms “Issued”, “issued”, “Issuing” and “Issuance” shall have a corresponding meaning. 

“Issuer” means Wells Fargo, Bank of America, N.A. and each other Lender or Affiliate of a Lender that (a) is listed on
the signature pages hereof as an “Issuer”, (b) hereafter becomes an Issuer with the approval of the Administrative Agent and the Borrower by agreeing pursuant to an agreement with and in form and substance satisfactory to the
Administrative Agent and the Borrower to be bound by the terms hereof applicable to Issuers (and in the case of any resignation, subject to and in accordance with Section 12.2(h)) and (c) with respect to any Existing
Letter of Credit, Wells Fargo or Bank of America, N.A., as applicable. 
 “Issuer Documents” means, with respect to any
Letter of Credit, the Letter of Credit Request, and any other document, agreement (including any master agreement) and instrument entered into by an Issuer and the Borrower (or any of its Subsidiaries) or in favor of such Issuer and relating to such
Letter of Credit. 
 “Joint Bookrunners” means Wells Fargo, Merrill Lynch, Pierce, Fenner & Smith Incorporated and
Deutsche Bank Securities Inc., each in its capacity as a joint lead bookrunner under this Agreement. 
 “Joint Venture”
means (a) any Person which would constitute an “equity method investee” of the Borrower or any of the Restricted Subsidiaries and (b) any Person in whom the Borrower or any of the Restricted Subsidiaries beneficially owns any
Equity Interest that is not a Restricted Subsidiary (other than an Unrestricted Subsidiary). 
 “Junior Financing” means
any Indebtedness of a Loan Party (other than Holdings) that is unsecured or expressly subordinated to the Obligations (other than Indebtedness among the Borrower and its Restricted Subsidiaries) on subordination terms reasonably satisfactory to the
Administrative Agent. 

  
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 “Junior Financing Documentation” means any documentation governing any
Junior Financing. 
 “Landlord Lien State” means any state in which, at any time, a landlord’s claim for rent has
priority notwithstanding any contractual provision to the contrary by operation of applicable Law over the lien of the Administrative Agent in any of the Collateral. 

“Latest Maturity Date” means, at any date of determination, the latest Scheduled Termination Date applicable to any Loan or
any Commitment hereunder at such time, including the latest termination date of any Extended Revolving Credit Commitment or Extended Term Loan, as applicable, as extended in accordance with this Agreement from time to time. 

“Laws” means, collectively, all international, foreign, federal, state and local statutes, treaties, rules, guidelines,
regulations, ordinances, codes and administrative or judicial precedents or authorities and executive orders, including the interpretation or administration thereof by any Governmental Authority charged with the enforcement, interpretation or
administration thereof, and all applicable administrative orders, directed duties, requests, licenses, authorizations and permits of, and agreements with, any Governmental Authority. 

“L/C Sublimit” has the meaning specified in Section 2.4(a)(iii). 

“Leases” means, with respect to any Person, all of those leasehold estates in Real Property of such Person, as lessee, as
such may be amended, supplemented or otherwise modified from time to time. 
 “Lender” means the Swing Loan Lender, the
Revolving Credit Lenders, the Term Lenders and each other financial institution or other entity that (a) is listed on the signature pages hereof as a “Lender” or (b) from time to time becomes a party hereto by execution of
an Assignment and Assumption or, in connection with a Revolving Commitment Increase, an Incremental Amendment or, in connection with an Extended Revolving Credit Commitment or an Extended Term Loan, a Revolving Extension Amendment or Term Extension
Amendment, as applicable. 
 “Lending Office” means, as to any Lender, the office or offices of such Lender described as
such in such Lender’s Administrative Questionnaire, or such other office or offices as a Lender may from time to time notify the Borrower and the Administrative Agent. 

“Letter of Credit” means any letter of credit Issued pursuant to Section 2.4 and any Existing
Letter of Credit. A Letter of Credit may be a Documentary Letter of Credit or a Standby Letter of Credit. 
 “Letter of Credit
Borrowing” means an extension of credit resulting from a drawing under any Letter of Credit that has not been reimbursed on the applicable Reimbursement Date or refinanced as a Revolving Loan. 

“Letter of Credit Fee” has the meaning specified in Section 2.12(b). 

  
 44 

 “Letter of Credit Obligations” means, at any time, the aggregate of all
liabilities at such time of any Loan Party to all Issuers with respect to Letters of Credit (including (x) any Letters of Credit issued for the account of any other Subsidiary of the Borrower and (y) in respect of Banker’s Acceptance
issued by any Issuer for the account or benefit of the Borrower or any Subsidiary in connection with Letters of Credit), whether or not any such liability is contingent, including, without duplication, the sum of (a) the Reimbursement
Obligations at such time and (b) the Letter of Credit Undrawn Amounts at such time. 
 “Letter of Credit Reimbursement
Agreement” has the meaning specified in clause (v) of the proviso to clause (a) of Section 2.4. 

“Letter of Credit Request” has the meaning specified in Section 2.4(c). 

“Letter of Credit Undrawn Amounts” means, at any time, the aggregate undrawn face amount of all Letters of Credit outstanding
at such time. 
 “Lien” means any mortgage, pledge, hypothecation, assignment, encumbrance, lien (statutory or other),
charge, or preference, priority or other security interest or preferential arrangement of any kind or nature whatsoever (including any conditional sale or other title retention agreement, any easement, right of way or other encumbrance on title to
real property, and any Capitalized Lease having substantially the same economic effect as any of the foregoing); provided, that in no event shall an operating lease in and of itself be deemed a Lien. 

“Limited Guarantor” means each Restricted Subsidiary that is a limited guarantor under a Limited Recourse Guaranty, in its
capacity as limited guarantor thereunder. As of the Restatement Effective Date, the Limited Guarantors are Natick NH Hooksett Realty Corp., a New Hampshire corporation, Natick NJ Flemington Realty Corp., a New Jersey corporation, and Natick NJ 1993
Realty Corp., a New Jersey corporation. 
 “Limited Recourse Guaranty” means (a) each ABL Limited Recourse Guaranty,
dated as of March 28, 2012, between the Restricted Subsidiary identified therein, as limited guarantor, and the Administrative Agent, and (b) each other limited recourse guaranty by a Restricted Subsidiary, as limited guarantor, in connection
with Section 8.13. 
 “Liquidation” means the exercise by the Administrative Agent of those rights and remedies
accorded to the Administrative Agent under the Loan Documents and applicable Law as a creditor of the Loan Parties with respect to the realization on the Collateral, including (after the occurrence and continuation of an Event of Default) the
conduct by the Loan Parties acting with the consent of the Administrative Agent, of any public, private or “going out of business” sale or other disposition of the Collateral for the purpose of liquidating the Collateral. Derivations of
the word “Liquidation” (such as “Liquidate”) are used with like meaning in this Agreement. 

“Loan” means any loan made by any Lender pursuant to this Agreement, including Swing Loans and any loans made in respect of
any Revolving Commitment Increase. 
 “Loan Documents” means, collectively, (a) this Agreement, (b) the Revolving
Credit Notes, (c) the Term Notes, (d) any Incremental Amendment, (e) any Revolving Extension 

  
 45 

 Amendment or Term Extension Amendment, (f) the Guaranty, (g) the Fee Letter, (h) each Letter
of Credit Reimbursement Agreement, (i) the Collateral Documents, (j) the Issuer Documents and (k) each Borrowing Base Certificate. 

“Loan Parties” means, collectively, (a) Holdings, (b) the Borrower and (c) each other Guarantor. 

“London Business Day” means a day on which commercial banks are open for general business (including dealings in foreign
exchange and foreign currency deposits) in London, England. 
 “Management Stockholders” means the members of management of
Holdings or any of its Subsidiaries who are investors in Holdings or any direct or indirect parent thereof. 
 “Margin
Stock” has the meaning set forth in Regulation U of the Board of Governors of the United States Federal Reserve System, or any successor thereto. 

“Master Agreement” has the meaning specified in the definition of “Swap Contract.” 

“Material Adverse Effect” means any event, circumstance or condition that has had a materially adverse effect on (a) the
business, operations, assets, liabilities (actual or contingent) or financial condition of Holdings and its Subsidiaries, taken as a whole, (b) the ability of the Loan Parties (taken as a whole) to perform their respective payment obligations
under any Loan Document to which any of the Loan Parties is a party or (c) the rights and remedies of the Lenders or the Administrative Agent under any Loan Document. 

“Material Bank Accounts” has the meaning specified in Section 8.12. 

“Material Domestic Subsidiary” means, at any date of determination, each of the Borrower’s Domestic Subsidiaries
(a) whose total assets at the last day of the most recent Test Period for which financial statements have been or are required to have been delivered pursuant to Section 7.1(a) or (b) were equal to
or greater than 2.5% of Total Assets at such date or (b) whose gross revenues for such Test Period were equal to or greater than 2.5% of the consolidated gross revenues of the Borrower and the Restricted Subsidiaries for such period, in each
case determined in accordance with GAAP; provided that if, at any time Domestic Subsidiaries that are not Guarantors solely because they do not meet the thresholds set forth in clauses (a) or (b) comprise in the
aggregate more than 5.0% of Total Assets as of the end of the most recently ended Fiscal Quarter of the Borrower for which financial statements have been or are required to have been delivered pursuant to Section 7.1 or
more than 5.0% of the consolidated gross revenues of the Borrower and the Restricted Subsidiaries for the period of four consecutive Fiscal Quarters ending as of the last day of such Fiscal Quarter, then the Borrower shall, not later than forty-five
(45) days after the date by which financial statements for such quarter are required to be delivered pursuant to this Agreement (or such longer period as may be agreed by the Administrative Agent in its reasonable discretion), (i) designate in
writing to the Administrative Agent one or more of such Domestic Subsidiaries as “Material Domestic Subsidiaries” to the extent required such that the foregoing condition ceases to be true and (ii) comply with the provisions of
Sections 8.11, 8.12 and 8.13 applicable to such Subsidiary. 

  
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 “Material Foreign Subsidiary” means, at any date of determination, each of
the Borrower’s Foreign Subsidiaries (a) whose total assets at the last day of the most recent Test Period for which financial statements have been or are required to have been delivered pursuant to Section 7.1(a)
or (b) were equal to or greater than 2.5% of Total Assets at such date or (b) whose gross revenues for such Test Period were equal to or greater than 2.5% of the consolidated gross revenues of the Borrower and the
Restricted Subsidiaries for such period, in each case determined in accordance with GAAP. 
 “Material Indebtedness” means
Indebtedness having an aggregate outstanding principal amount of $35,000,000 or more. 
 “Material Real Property” means any
real property owned by the Borrower or any Loan Party (i) with a fair market value in excess of $5,000,000 and (ii) that is not located in an area identified by the Federal Emergency Management Agency (or any successor agency) as a special
flood hazard area. 
 “Material Subsidiary” means any Material Domestic Subsidiary or any Material Foreign Subsidiary. 

“Maximum Credit” means, at any time, the lesser of (i) the Aggregate Revolving Credit Commitments in effect at such time
plus the Outstanding Amount of the Term Loan at such time and (ii) the Aggregate Borrowing Base as in effect at such time. 

“Maximum Rate” has the meaning specified in Section 12.27. 

“Maximum Revolving Credit” means, at any time, the lesser of (i) the Aggregate Revolving Credit Commitments in effect at
such time and (ii) the Borrowing Base as in effect at such time. 
 “Monthly Borrowing Base Certificate” shall have
the meaning specified in Section 7.4(a). 
 “Moody’s” means Moody’s Investors Service,
Inc. and any successor thereto. 
 “Mortgage Policies” has the meaning specified in
Section 8.13(b)(ii) hereof. 
 “Mortgaged Properties” has the meaning specified in paragraph
(e) of the definition of “Collateral and Guarantee Requirement”. 
 “Mortgages” means, collectively,
the deeds of trust, trust deeds, hypothecs and mortgages made by the Loan Parties in favor or for the benefit of the Administrative Agent on behalf of the Lenders in form and substance reasonably satisfactory to the Administrative Agent, and any
other mortgages executed and delivered pursuant to Sections 8.11 or 8.13. 
 “Multiemployer Plan” means any
“multiemployer plan” as defined in Section 4001(a)(3) of ERISA and subject to Title IV of ERISA, to which any Loan Party or any of their respective ERISA Affiliates makes or is obligated to make contributions or has any liability, or
during the preceding five plan years has made or been obligated to make contributions or had any liability. 

  
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 “Net Cash Proceeds” means 

(a)    with respect to the Disposition of any asset by the Borrower or any of the Restricted Subsidiaries, the excess, if
any, of (i) the sum of cash and Cash Equivalents received in connection with such Disposition (including any cash and Cash Equivalents received by way of deferred payment pursuant to, or by monetization of, a note receivable or otherwise, but
only as and when so received) over (ii) the sum of (A) the principal amount, premium or penalty, if any, interest and other amounts on any Indebtedness that is secured by the asset subject to such Disposition and that is required to
be repaid in connection with such Disposition (other than Indebtedness under the Loan Documents, the First Lien Term Facility Documentation or any Permitted Refinancing of the Indebtedness under the First Lien Term Facility Documentation or the
Second Lien Term Facility Documentation or any Permitted Refinancing of the Indebtedness under the Second Lien Term Facility Documentation), (B) the out-of-pocket fees and expenses (including attorneys’ fees, investment banking fees, survey
costs, title insurance premiums, and related search and recording charges, transfer taxes, deed or mortgage recording taxes, other customary expenses and brokerage, consultant and other customary fees) actually incurred by the Borrower or such
Restricted Subsidiary in connection with such Disposition, (C) taxes or distributions made pursuant to Section 9.6(g)(i) and Section 9.6(g)(iii) paid or reasonably estimated to be payable in
connection therewith (including taxes imposed on the distribution or repatriation of any such Net Cash Proceeds), (D) in the case of any Disposition by a non-wholly owned Restricted Subsidiary, the pro rata portion of the Net Cash Proceeds
thereof (calculated without regard to this clause (D)) attributable to minority interests and not available for distribution to or for the account of the Borrower or a wholly owned Restricted Subsidiary as a result thereof, and (E) any reserve
for adjustment in respect of (x) the sale price of such asset or assets established in accordance with GAAP and (y) any liabilities associated with such asset or assets and retained by the Borrower or any Restricted Subsidiary after such
sale or other disposition thereof, including pension and other post-employment benefit liabilities and liabilities related to environmental matters or against any indemnification obligations associated with such transaction, it being understood that
“Net Cash Proceeds” shall include the amount of any reversal (without the satisfaction of any applicable liabilities in cash in a corresponding amount) of any reserve described in this clause (E); and 

(b)    (i) with respect to the incurrence or issuance of any Indebtedness by the Borrower or any Restricted Subsidiary or
any Permitted Equity Issuance by the Borrower or any direct or indirect parent of the Borrower, the excess, if any, of (A) the sum of the cash and Cash Equivalents received in connection with such incurrence or issuance over (B) the
investment banking fees, underwriting discounts, commissions, costs and other out-of-pocket expenses and other customary expenses, incurred by the Borrower or such Restricted Subsidiary in connection with such incurrence or issuance and
(ii) with respect to any Permitted Equity Issuance by any direct or indirect parent of the Borrower, the amount of cash from such Permitted Equity Issuance contributed to the capital of the Borrower. 

“Net Income” means, with respect to any Person, the net income (loss) of such Person, determined in accordance with GAAP and
before any reduction in respect of preferred stock dividends. 

  
 48 

 “Net Recovery Percentage” means the fraction, expressed as a percentage,
(a) the numerator of which is the amount equal to the recovery on the aggregate amount of the Inventory at such time on a “going out of business sale” basis as set forth in the most recent appraisal of Inventory received by the
Administrative Agent in accordance with Section 7.4, in each case, net of operating expenses, liquidation expenses and commissions, and (b) the denominator of which is the applicable original cost of the aggregate
amount of the Inventory subject to appraisal. The Net Recovery Percentage for any category of Inventory used in determining the Borrowing Base shall be based on the applicable percentage in the most recent appraisal conducted as set forth in
Section 7.4, as applicable. 
 “New Revolving Commitment Lender” has the meaning specified
in Section 2.17(c). 
 “New Term Lender” has the meaning specified in
Section 2.18(c). 
 “Non-Bank Certificate” has the meaning specified in
Section 3.1(b). 
 “Non-Consenting Lender” has the meaning specified in
Section 3.7. 
 “Non-Core Business Segment” means any business segment or separate department of
the Borrower and its Restricted Subsidiaries which represented less than 5% of Consolidated EBITDA of the Borrower and its Restricted Subsidiaries as of the Fiscal Year immediately prior to the date of such calculation. 

“Non-Loan Party” means any Subsidiary of the Borrower that is not a Loan Party. 

“Note” means a Term Note or a Revolving Credit Note, as the context may require. 

“Notice of Borrowing” has the meaning specified in Section 2.2. 

“Notice of Conversion or Continuation” has the meaning specified in Section 2.11(a). 

“Notice of Intent to Cure” has the meaning specified in Section 7.2. 

“Obligations” means all (a) advances to, and debts, liabilities, obligations, covenants and duties of, any Loan Party
arising under any Loan Document or otherwise with respect to any Loan or Letter of Credit, whether direct or indirect (including those acquired by assumption), absolute or contingent, due or to become due, now existing or hereafter arising and
including interest, fees and expenses that accrue after the commencement by or against any Loan Party of any proceeding under any Debtor Relief Laws naming such Person as the debtor in such proceeding, regardless of whether such interest, fees, and
expenses are allowed claims in such proceeding, (b) obligations arising under any Secured Hedge Agreement (excluding any Excluded Swap Obligations), and (c) Cash Management Obligations. Without limiting the generality of the foregoing, the
Obligations of the Loan Parties under the Loan Documents (and any of their Subsidiaries to the extent they have obligations under the Loan Documents) include the obligation (including guarantee obligations) to pay principal, interest, Letter of
Credit reimbursement obligations (including in respect of Banker’s Acceptances issued by any Issuer for the account or benefit of the Borrower or any Subsidiary in connection with Letters of 

  
 49 

 Credit), charges, expenses, fees, Attorney Costs, indemnities and other amounts payable by any Loan Party
under any Loan Document. 
 “OFAC” has the meaning specified in Section 5.18. 

“OID” means original issue discount. 

“Other Taxes” has the meaning specified in Section 3.1. 

“Outstanding Amount” means (a) with respect to the Term Loan, Revolving Loans and Swing Loans on any date, the aggregate
outstanding principal amount thereof on such date after giving effect to any borrowings and prepayments or repayments of Revolving Loans (including any refinancing of Letter of Credit Obligations as a Revolving Loan), the Term Loan and Swing Loans,
as the case may be, occurring on such date; and (b) with respect to any Letter of Credit Obligations on any date, the amount of such Letter of Credit Obligations on such date after giving effect to any related extension of any Letter of Credit
occurring on such date and any other changes thereto as of such date, including as a result of any reimbursements of outstanding Letter of Credit Obligations (including any refinancing of outstanding Letter of Credit Obligations under related
Letters of Credit or related extensions of any Letters of Credit as a Revolving Loan) or any reductions in the maximum amount available for drawing under related Letters of Credit taking effect on such date. 

“Overnight Rate” means, for any day, the greater of (a) the Federal Funds Rate and (b) an overnight rate determined
by the Administrative Agent, an Issuer, or the Swing Loan Lender, as applicable, in accordance with banking industry rules on interbank compensation. 

“PACA Reserve” means all amounts owed from time to time by the Borrower or any Subsidiary Guarantor to any Person on account
of the purchase price or other amounts owed in respect of agricultural products or any services related to the foregoing and subject to PACA, to the extent that (i) such amounts are secured (by way of a grower’s lien, seller’s lien,
statutory trust or similar security interest or priority arrangement) by the applicable agricultural products (such lien, a “PACA Super Priority Lien”) in accordance with PACA and (ii) the Administrative Agent determines in its
Permitted Discretion that such PACA Super Priority Lien would have priority over the Administrative Agent’s Lien in such agricultural products to the extent constituting Current Asset Collateral. 

“PACA” means the Perishable Agricultural Commodities Act, 1930. 

“PASA” means the Packers and Stockyards Act, 1921. 

“PASA Reserve” means all amounts owed from time to time by the Borrower or any Subsidiary Guarantor to any Person on account
of the purchase price or other amounts owed in respect of livestock, livestock products, poultry, poultry products, other meat and meat products, or any services related to the foregoing and subject to PASA, to the extent that (i) such amounts
are secured (by way of a grower’s lien, seller’s lien, statutory trust or similar security interest or priority arrangement) by the applicable livestock, livestock products, poultry, poultry products, other meat and meat products (such
lien, a “PASA Super Priority Lien”) in accordance with 

  
 50 

 
PASA and (ii) the Administrative Agent determines in its Permitted Discretion that such PASA Super Priority Lien would have priority over the Administrative Agent’s Lien in such
livestock, livestock products, poultry, poultry products, other meat and meat products to the extent constituting Current Asset Collateral. 

“Participant” has the meaning specified in Section 12.2(d). 

“Participant Register” has the meaning specified in Section 12.2(e). 

“Participating Member State” means each state so described in any EMU Legislation. 

“Payment Conditions” means, at any time of determination, that (a) no Event of Default exists or would arise as a result
of the making of the subject Specified Payment, (b) after giving Pro Forma Effect to such Specified Payment and projected for the succeeding six (6) months following such Specified Payment, Excess Availability shall be greater than 12.5%
of the Maximum Credit and (c) solely to the extent Excess Availability, as calculated pursuant to clause (b) above, shall be less than 20.0% of the Maximum Credit, the Fixed Charge Coverage Ratio as of the end of the most recent period of
twelve consecutive Fiscal Months of the Borrower ended on or prior to such time (taken as one accounting period) shall be greater than or equal to 1.00 to 1.00 after giving Pro Forma Effect to such Specified Payment as if such Specified Payment (if
applicable to such calculation) had been made as of the first day of such period, and, in each case, the Borrower shall have delivered, in accordance with Section 7.2(f) hereof, to the Administrative Agent evidence
reasonably satisfactory to the Administrative Agent that the conditions contained in the foregoing clauses (a), (b) and, to the extent applicable, (c) have been satisfied. 

“PBGC” means the Pension Benefit Guaranty Corporation or any successor thereto. 

“Pension Plan” means any “employee pension benefit plan” (as such term is defined in Section 3(2) of ERISA),
other than a Multiemployer Plan, that is subject to Title IV of ERISA and is sponsored or maintained by any Loan Party or any of their respective ERISA Affiliates or to which any Loan Party or any of their respective ERISA Affiliates contributes or
has an obligation to contribute, or in the case of a multiple employer or other plan described in Section 4064(a) of ERISA, has made contributions or had any obligation to contribute in the preceding five plan years. 

“Permitted Acquisition” means the purchase or other acquisition by the Borrower or any of its Restricted Subsidiaries of
property and assets or businesses of any Person or of assets constituting a business unit, a line of business or division of such Person, a Store or Equity Interests in a Person that, upon the consummation thereof, will be a wholly owned Restricted
Subsidiary of the Borrower (including as a result of a merger or consolidation); provided that, with respect to each such purchase or other acquisition: 

(i)    the property, assets and businesses acquired in such purchase or other acquisition shall constitute
Collateral and each applicable Loan Party and any newly created or acquired Subsidiary (and, to the extent required under the Collateral and Guarantee Requirement, the Subsidiaries of such created or acquired Subsidiary) shall be

  
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 Guarantors and shall have complied with the requirements of
Section 8.11 and 8.12, within the times specified therein (for the avoidance of doubt, this clause (i) shall not override any provisions of the Collateral and Guarantee Requirement, subject to the
limit in clause (iv) below); 
 (ii)    the Borrower shall have delivered to the
Administrative Agent (and the Borrower shall have used commercially reasonable efforts to deliver no later than five (5) Business Days before the date on which any such purchase or other acquisition is consummated), on behalf of the Lenders, a
certificate of a Responsible Officer, in form and substance reasonably satisfactory to the Administrative Agent, certifying that all of the requirements set forth in this definition have been satisfied or will be satisfied on or prior to the
consummation of such purchase or other acquisition; 
 (iii)    the acquired property, assets, business
or Person is in a business permitted under Section 9.7; 
 (iv)    except with
respect to Domestic Subsidiaries up to an acquisition amount not to exceed $50,000,000 in the aggregate for all such Domestic Subsidiaries, to the extent such Investments are made in Persons that do not become Loan Parties, the RP Conditions shall
have been satisfied; and 
 (v)    the Borrower is in compliance, on a pro forma basis after giving
effect to such transaction, with the Payment Conditions. 
 “Permitted Discretion” means a determination made by the
Administrative Agent in good faith in the exercise of its reasonable (from the perspective of an asset-based lender) business judgment. 

“Permitted Equity Issuance” means any sale or issuance of any Qualified Equity Interests of the Borrower or any direct or
indirect parent of the Borrower (in which case the Net Cash Proceeds have been received by the Borrower as cash common equity), in each case to the extent permitted hereunder. 

“Permitted Holder” means any of (a) the Sponsor, (b) the Management Stockholders and (c) the Co-Investors,
provided that for purposes of the definition of “Change of Control”, (i) in each of clause (a)(i), the final reference to Permitted Holders in clause (a)(ii) and the proviso to clause (a), the Co-Investors shall not
constitute Permitted Holders at any time that they hold voting power equal to more than 33.33% of the ordinary voting power of all Equity Interests collectively held by the Sponsors, the Management Stockholders and the Co-Investors and the Sponsors
hold voting power equal to less than 66.67% of the ordinary voting power of all such Equity Interest, (ii) in the final reference to Permitted Holders in clause (a)(ii), the Co-Investors shall not constitute Permitted Holders if they are
part of the “group” referred to in clause (a)(ii)(2) of the definition of “Change of Control” and (iii) in the parenthetical in each of clauses (a)(ii)(1) and (2), the Co-Investors shall not constitute
Permitted Holders. 
 “Permitted Refinancing” means, with respect to any Person, any modification, refinancing, refunding,
replacement, renewal or extension of any Indebtedness of such Person; provided that (a) the principal amount (or accreted value, if applicable) thereof does not exceed 

  
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the principal amount (or accreted value, if applicable) of the Indebtedness so modified, refinanced, refunded, replaced, renewed or extended except by an amount equal to unpaid accrued interest
and premium (including tender premiums) thereon, plus reasonable OID and upfront fees plus other fees and expenses reasonably incurred, in connection with such modification, refinancing, refunding, replacement, renewal or extension and by an amount
equal to any existing commitments unutilized thereunder, (b) other than with respect to a Permitted Refinancing in respect of Indebtedness permitted pursuant to Sections 9.3(b) and (e), such modification, refinancing, refunding,
replacement, renewal or extension has a final maturity date equal to or later than the final maturity date of, and has a Weighted Average Life to Maturity equal to or greater than the Weighted Average Life to Maturity of, the Indebtedness being
modified, refinanced, refunded, replaced, renewed or extended, (c) other than with respect to a Permitted Refinancing in respect of Indebtedness permitted pursuant to Section 9.3(e), at the time thereof, no Event of
Default shall have occurred and be continuing, (d) if such Indebtedness being modified, refinanced, refunded, renewed, replaced or extended is Junior Financing, (i) to the extent such Indebtedness being modified, refinanced, refunded,
renewed, replaced or extended is subordinated in right of payment to the Obligations, such modification, refinancing, refunding, renewal, replacement or extension is subordinated in right of payment to the Obligations on terms at least as favorable
to the Lenders as those contained in the documentation governing the Indebtedness being modified, refinanced, refunded, replaced, renewed or extended, (ii) to the extent such Indebtedness being modified, refinanced, refunded, replaced, renewed,
or extended is secured by Liens, (x) such modification, refinancing, refunding, replacement, renewal or extension is either unsecured or is not secured by any Liens that do not also secure the Obligations and (y) to the extent that such
Liens are subordinated to the Liens securing the Obligations, such modification, refinancing, refunding, replacement, renewal or extension is secured by Liens that are subordinated to the Liens securing the Obligations on terms at least as favorable
to the Lenders as those contained in the documentation (including any intercreditor or similar agreements) governing the Indebtedness being modified, refinanced, replaced, refunded, replaced, renewed or extended, (iii) the terms and conditions
(including, if applicable, as to collateral but excluding as to subordination, pricing, premiums and optional prepayment or redemption provisions) of any such modified, refinanced, refunded, replaced, renewed or extended Indebtedness, taken as a
whole, are not more restrictive with respect to the Borrower and the Restricted Subsidiaries, as reasonably determined by the Borrower in good faith, than the terms and conditions of the Indebtedness being modified, refinanced, refunded, replaced,
renewed or extended; provided that a certificate of a Responsible Officer delivered to the Administrative Agent at least five (5) Business Days prior to the incurrence of such Indebtedness, together with a reasonably detailed description
of the material terms and conditions of such Indebtedness or drafts of the documentation relating thereto, stating that the Borrower has determined in good faith that such terms and conditions satisfy the foregoing requirement shall be conclusive
evidence that such terms and conditions satisfy the foregoing requirement unless the Administrative Agent notifies the Borrower within such five (5) Business Day period that it disagrees with such determination (including a reasonably detailed
description of the basis upon which it disagrees) and (iv) such modification, refinancing, refunding, replacement, renewal or extension is incurred by the Person who is the obligor of the Indebtedness being modified, refinanced, refunded,
replaced, renewed or extended and no additional obligors become liable for such Indebtedness, (e) in the case of any Permitted Refinancing in respect of the First Lien Term Facility, such Permitted Refinancing is secured 

  
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only by assets pursuant to one or more security agreements permitted by and subject to the Intercreditor Agreement (or another intercreditor agreement containing terms that are at least as
favorable to the Secured Parties as those contained in the Intercreditor Agreement) and (f) in the case of any Permitted Refinancing in respect of the Second Lien Term Facility, such Permitted Refinancing is secured only by assets pursuant to
one or more security agreements permitted by and subject to the Intercreditor Agreement (or another intercreditor agreement containing terms that are at least as favorable to the Secured Parties as those contained in the Intercreditor Agreement).

 “Person” means any natural person, corporation, limited liability company, trust, joint venture, association, company,
partnership, Governmental Authority or other entity. 
 “Plan” means any material “employee benefit plan” (as
such term is defined in Section 3(3) of ERISA), other than a Foreign Plan, established by any Loan Party or, with respect to any such plan that is subject to Section 412 of the Code or Title IV of ERISA, any of their respective ERISA
Affiliates. 
 “Platform” has the meaning specified in Section 7.2. 

“Pledged Debt” has the meaning specified in the Security Agreement. 

“Pledged Equity” has the meaning specified in the Security Agreement. 

“Pro Forma Basis” and “Pro Forma Effect” means, with respect to compliance with any test or covenant or
calculation hereunder, the determination or calculation of such test, covenant or ratio (including in connection with Specified Transactions) in accordance with Section 1.8. 

“Proceeds” has the meaning given to such term in Article 9 of the UCC. 

“Projections” shall have the meaning specified in Section 7.1(d). 

“Protective Advances” means an overadvance made or deemed to exist by the Administrative Agent, in its discretion, which:

 (a)    is made to maintain, protect or preserve the Collateral and/or the Secured Parties’ rights under the Loan
Documents or which is otherwise for the benefit of the Secured Parties and/or the Loan Parties; or 
 (b)    is made to
enhance the likelihood of, or to maximize the amount of, repayment of any Obligation; or 
 (c)    is made to pay any
other amount chargeable to any Loan Party hereunder; and 
 (d)    together with all other Protective Advances then
outstanding, shall not (i) exceed five percent (5%) of the Aggregate Borrowing Base at any time or (ii) unless a Liquidation is taking place, remain outstanding for more than forty-five (45) consecutive Business Days, unless in each
case, the Requisite Lenders otherwise agree. 

  
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 “Public Lender” has the meaning specified in
Section 7.2. 
 “Qualified Cash” means unrestricted cash or Cash Equivalents of the Borrower or
any Subsidiary Guarantor that are subject to the valid, enforceable and first priority perfected security interest of, and subject to the sole and exclusive control of, the Administrative Agent in a Qualified Cash Securities Account, and which cash
and Cash Equivalents are not subject to any other Lien, claim or interest (other than (A) Liens permitted hereunder pursuant to clauses (c), (d) or (h) of Section 9.1, (B) Liens
permitted under Section 9.1 (including clauses (w)and (x) thereof) securing the Obligations (as defined under the First Lien Term Facility Credit Agreement) and the Obligations (as defined under the Second Lien
Term Facility Credit Agreement) (subject, in each case, to the terms of the Intercreditor Agreement), (C) any other Lien having priority by operation of applicable Law over the Liens of the Administrative Agent, or (D) customary Liens or rights
of setoff of the institution maintaining such accounts permitted hereunder solely in its capacity as a depository; provided that, for purposes of the amount of Qualified Cash included in the calculation of Borrowing Base, such amount may be
reduced, at the Administrative Agent’s option, by any obligations owing to any lienholder in respect of the Liens referred to in the foregoing clauses (A), (C) and (D), and the Borrower shall provide such information with
respect to such obligations as the Administrative Agent may from time to time reasonably request). 
 “Qualified Cash Securities
Account” means any Approved Securities Account with a Lender or an Affiliate of a Lender and that is under the sole and exclusive control (subject to Section 8.12(h)) of the Administrative Agent, including without
limitation, under which the Administrative Agent is the sole Entitlement Holder and the only Person authorized to give Entitlement Orders with respect thereto. 

“Qualified ECP Guarantor” means, in respect of any Swap Obligation, each Loan Party or Limited Guarantor that has total
assets exceeding $10,000,000 at the time the relevant Guaranty or Limited Guaranty or grant of the relevant security interest becomes effective with respect to such Swap Obligation or such other person as constitutes an “eligible contract
participant” under the Commodity Exchange Act or any regulations promulgated thereunder and can cause another person to qualify as an “eligible contract participant” at such time by entering into a keepwell under
Section 1a(18)(A)(v)(II) of the Commodity Exchange Act. 
 “Qualified Equity Interests” means any Equity Interests
that are not Disqualified Equity Interests. 
 “Qualified Holding Company Debt” means unsecured Indebtedness of Holdings
(A) that is not subject to any Guarantee by any Subsidiary of Holdings, (B) that will not mature prior to the date that is six (6) months after the Latest Maturity Date in effect on the date of issuance or incurrence thereof,
(C) that has no scheduled amortization or scheduled payments of principal and is not subject to mandatory redemption, repurchase, prepayment or sinking fund obligation (it being understood that such Indebtedness may have mandatory prepayment,
repurchase or redemption provisions satisfying the requirements of clause (E) below), (D) that does not require any payments in cash of interest or other amounts in respect of the principal thereof prior to the earlier to occur of (1) the
date that is four (4) years from the date of the issuance or incurrence thereof and (2) the date that is ninety-one (91) days after the Latest Maturity Date in effect on the 

  
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date of such issuance or incurrence, and (E) that has mandatory prepayment, repurchase or redemption, covenant, default and remedy provisions customary for senior discount notes of an issuer
that is the parent of a borrower under senior secured credit facilities, and in any event, with respect to covenant, default and remedy provisions, no more restrictive (taken as a whole) than those set forth in this Agreement (other than provisions
customary for senior discount notes of a holding company); provided that the Borrower shall have delivered a certificate of a Responsible Officer to the Administrative Agent at least five (5) Business Days prior to the incurrence of such
Indebtedness, together with a reasonably detailed description of the material terms and conditions of such Indebtedness or drafts of the documentation relating thereto, stating that the Borrower has reasonably determined in good faith that such
terms and conditions satisfy the foregoing requirement (and such certificate shall be conclusive evidence that such terms and conditions satisfy the foregoing requirement unless the Administrative Agent notifies the Borrower within such five
(5) Business Day period that it disagrees with such determination (including a reasonably detailed description of the basis upon which it disagrees)); provided further that any such Indebtedness shall constitute Qualified Holding Company
Debt only if immediately after giving effect to the issuance or incurrence thereof and the use of proceeds thereof, no Event of Default shall have occurred and be continuing. 

“Qualifying IPO” means the issuance by Holdings or any direct or indirect parent of Holdings of its common Equity Interests
in an underwritten primary public offering (other than a public offering pursuant to a registration statement on Form S-8) pursuant to an effective registration statement filed with the SEC in accordance with the Securities Act (whether alone or in
connection with a secondary public offering). 
 “Quarterly Financial Statements” means the unaudited condensed
consolidated balance sheets and related statements of income and cash flows of the Company and its Subsidiaries for the most recent Fiscal Quarters after the date of the Annual Financial Statements and ended at least forty-five (45) days before
the Restatement Effective Date. 
 “Ratable Portion”, “Pro Rata Share”, “ratable share”
or (other than in the expression “equally and ratably”) “ratably” means, (a) with respect to any Revolving Lender, the percentage obtained by dividing (i) the Revolving Credit Commitment of such Class of
such Revolving Lender by (ii) the aggregate Revolving Credit Commitments of all Revolving Lenders of such Class (or, at any time after the Revolving Credit Termination Date, the percentage obtained by dividing the aggregate outstanding
principal balance of the Revolving Credit Outstandings of such Class owing to such Revolving Lender by the aggregate outstanding principal balance of the Revolving Credit Outstandings owing to all Revolving Lenders of such Class), (b) with
respect to any Term Lender, the percentage obtained by dividing (i) the Term Commitment of such Class of such Term Lender by (ii) the aggregate Term Commitments of all Term Lenders of such Class (or, at any time after the after the
Restatement Effective Date, the percentage obtained by dividing the aggregate outstanding principal balance of the Term Outstandings of such Class owing to such Term Lender by the aggregate outstanding principal balance of the Term Outstandings
owing to all Term Lenders of such Class) and (c) with respect of the aggregate of the Term Facility and the Revolving Facility with respect to any Lender, the percentage obtained by dividing (i) the aggregate of the Revolving Credit
Commitment of such Lender and the Term Commitment (or, after the Restatement Effective Date, the outstanding Term Loans) of such Lender by (ii) the sum of the aggregate Revolving Credit Commitments of all Lenders and the 

  
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aggregate Term Commitment (or, after the Restatement Effective Date, the aggregate outstanding Term Loans) of all Lenders (or, at any time after the Revolving Credit Termination Date, the
percentage obtained by dividing (i) the aggregate outstanding principal balance of the Revolving Credit Exposure owing to such Lender and the outstanding Term Loans owing to such Lender by (ii) the aggregate outstanding principal balance
of the Revolving Credit Outstandings and the aggregate outstanding Term Loans owing to all Lenders). 
 “Register” has the
meaning specified in Section 12.2(c). 
 “Reimbursement Date” has the meaning specified in
Section 2.4(h). 
 “Reimbursement Obligations” means, as and when matured, the obligation of any
Loan Party to pay, on the date payment is made or scheduled to be made to the beneficiary under each such Letter of Credit (or at such other date as may be specified in the applicable Letter of Credit Reimbursement Agreement), all amounts of each
drafts and other requests for payments drawn under Letters of Credit, and all other matured reimbursement or repayment obligations of any Loan Party to any Issuer with respect to amounts drawn under Letters of Credit. 

“Related Indemnified Person” of an Indemnitee means (a) any controlling person or controlled affiliate of such
Indemnitee, (b) the respective directors, officers, or employees of such Indemnitee or any of its controlling persons or controlled affiliates and (c) the respective agents of such Indemnitee or any of its controlling persons or controlled
affiliates, in the case of this clause (c), acting at the instructions of such Indemnitee, controlling person or such controlled affiliate; provided that each reference to a controlled affiliate or controlling person in this definition
shall pertain to a controlled affiliate or controlling person involved in the negotiation or syndication of the Facilities. 

“Related Parties” means, with respect to any Person, such Person’s Affiliates and the partners, directors, officers,
employees, agents, trustees and advisors of such Person and of such Person’s Affiliates. 
 “Released Mortgage
Properties” means real properties located in Connecticut and Maryland with respect to which the Borrower and its Restricted Subsidiaries had delivered a mortgage under the Existing Credit Agreement. 

“Reportable Event” means, with respect to any Pension Plan, any of the events set forth in Section 4043 of ERISA or the
regulations issued thereunder, other than events for which the applicable notice period has been waived. 
 “Requisite
Class Lenders” shall mean, with respect to any Class on any date of determination, Lenders having more than 50% of the aggregate outstanding amount of the commitments of such Class or, after the commitments with
respect to such Class have been terminated, more than fifty percent (50%) of the aggregate outstanding amount of the Loans, and if applicable to such Class, the outstanding Letters of Credit Obligations of, such Class; provided that the
unused commitment of, and the portion of the Loans and outstanding Letters of Credit Obligations held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Requisite Class Lenders. 

  
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 “Requisite Lenders” means, collectively, Lenders having more than fifty
percent (50%) of the aggregate of the Revolving Credit Commitments and the Outstanding Amount of the Term Loan or, after the Revolving Credit Termination Date, more than fifty percent (50%) of the aggregate of the Revolving Credit Outstandings and
the Outstanding Amount of the Term Loans (in either case, such 50% amount being referred to as the “Requisite Amount”); provided that the unused Revolving Credit Commitment of, and the portion of the Loans and outstanding
Letters of Credit Obligations held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Requisite Lenders. 

“Reserves” means any Inventory Reserves and Availability Reserves. 

“Responsible Officer” means the chief executive officer, president, vice president, chief financial officer, senior vice
president, senior vice president (finance), treasurer or assistant treasurer, manager of treasury activities or other similar officer or Person performing similar functions of a Loan Party and, as to any document delivered on the Restatement
Effective Date, any secretary or assistant secretary of a Loan Party. Any document delivered hereunder that is signed by a Responsible Officer of a Loan Party shall be conclusively presumed to have been authorized by all necessary corporate,
partnership and/or other action on the part of such Loan Party and such Responsible Officer shall be conclusively presumed to have acted on behalf of such Loan Party. Unless otherwise specified, all references herein to a “Responsible
Officer” shall refer to a Responsible Officer of the Borrower. 
 “Restatement Effective Date” has the meaning
specified in Section 4.1. 
 “Restatement Effective Date Dividend” means (a) a one-time cash
Restricted Payment by the Borrower to Holdings in an aggregate amount not to exceed $803,000,000 and (b) one or more Restricted Payments by Holdings to the holders of its Equity Interests with the proceeds of the Restricted Payment from the
Borrower pursuant to clause (a), in each case not later than the date that is twenty (20) days after the Restatement Effective Date. 

“Restricted Payment” means any dividend or other distribution (whether in cash, securities or other property) with respect to
any Equity Interest of Holdings, the Borrower or any of its Restricted Subsidiaries, or any payment (whether in cash, securities or other property), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement,
defeasance, acquisition, cancellation or termination of any such Equity Interest, or on account of any return of capital to the Borrower’s or Holdings’ stockholders, partners or members (or the equivalent Persons thereof). 

“Restricted Subsidiary” means any Subsidiary of the Borrower other than an Unrestricted Subsidiary. 

“Revolving Commitment Increase” has the meaning specified in Section 2.15. 

“Revolving Commitment Increase Lender” has the meaning specified in Section 2.15. 

“Revolving Credit Borrowing” means a borrowing consisting of Revolving Loans of the same Class and Type made, converted
or continued on the same date and, in the case of Eurocurrency Rate Loans, having the same Interest Period. 

  
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 “Revolving Credit Card Advance Rate” means 90%. 

“Revolving Credit Commitment” means, with respect to each Revolving Credit Lender, the commitment of such Revolving Credit
Lender to make Revolving Loans and acquire interests in other Revolving Credit Outstandings expressed as an amount in Dollars representing the maximum principal amount of the Revolving Loans to be made by such Revolving Credit Lender under this
Agreement, as such commitment may be (a) reduced from time to time pursuant to this Agreement and (b) reduced or increased from time to time pursuant to (i) assignments by or to such Revolving Credit Lender pursuant to an Assignment
and Assumption, (ii) a Revolving Commitment Increase, or (iii) a Revolving Extension Amendment. The initial amount of each Revolving Credit Lender’s Revolving Credit Commitment is set forth on Schedule I under the caption
“Revolving Credit Commitment,” as amended to reflect each Assignment and Assumption, Incremental Amendment or Revolving Extension Amendment, in each case executed by such Revolving Credit Lender. 

“Revolving Credit Exposure” means, as to each Revolving Credit Lender, the sum of the Outstanding Amount of such
Lender’s Revolving Loans, its Pro Rata Share of the Letter of Credit Obligations and its Pro Rata Share of the Swing Loan Obligations at such time. 

“Revolving Credit Facility” means, at any time, the Aggregate Revolving Credit Commitments at such time. The amount of the
Revolving Credit Facility as of the Restatement Effective Date is $950,000,000. 
 “Revolving Credit Lender” means each
Lender that (a) has a Revolving Credit Commitment, (b) holds a Revolving Loan or (c) participates in any Letter of Credit or Swing Loan. 

“Revolving Credit Note” means a promissory note of the Borrower payable to the order of any Revolving Credit Lender in a
principal amount equal to the amount of such Lender’s Revolving Credit Commitment evidencing the aggregate Indebtedness of the Borrower to such Lender resulting from the Revolving Loans of a given Class owing to such Lender. 

“Revolving Credit Outstandings” means, at any particular time, the sum of (a) the principal amount of the Revolving
Loans outstanding at such time, (b) the Letter of Credit Obligations outstanding at such time and (c) the principal amount of the Swing Loans outstanding at such time. 

“Revolving Credit Termination Date” means the earliest of (a) the Scheduled Termination Date, (b) the date of
termination of all of the Revolving Credit Commitments pursuant to Section 2.5 and (c) the date on which the Obligations become due and payable pursuant to Section 10.2. 

“Revolving Eligible Accounts Advance Rate” means 90%. 

“Revolving Extension Amendment” has the meaning specified in Section 2.17(d). 

“Revolving Extension Request” has the meaning specified in Section 2.17(a). 

  
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 “Revolving Extension Series” has the meaning specified in
Section 2.17(f). 
 “Revolving Inventory Advance Rate” means 90%. 

“Revolving Loan” has the meaning specified in Section 2.1(a)(i) and shall include all Existing
Revolving Loans. 
 “RP Conditions” means, at any time of determination, that (a) no Event of Default exists or would
arise as a result of the subject Specified Payment, (b) after giving Pro Forma Effect to such Specified Payment and projected for the succeeding six (6) months following such Specified Payment, Excess Availability shall be greater than
15.0% of the Maximum Credit, and (c) solely to the extent Excess Availability, as calculated pursuant to clause (b) above, shall be less than 20.0% of the Maximum Credit, the Fixed Charge Coverage Ratio as of the end of the most recent
period of twelve consecutive Fiscal Months of the Borrower ended on or prior to such time (taken as one accounting period) shall be greater than or equal to 1.00 to 1.00 after giving Pro Forma Effect to such Specified Payment as if such Specified
Payment (if applicable to such calculation) had been made as of the first day of such period, and, in each case, the Borrower shall have delivered, in accordance with Section 7.2(f) hereof, to the Administrative Agent
evidence reasonably satisfactory to the Administrative Agent that the conditions contained in the foregoing clauses (a), (b) and, to the extent applicable, (c) have been satisfied. 

“S&P” means Standard & Poor’s Rating Services and any successor thereto. 

“Same Day Funds” means disbursements and payments in immediately available funds. 

“Scheduled Termination Date” means February 3, 2022, as may be extended pursuant to Section 12.1(b),
Section 2.17 or Section 2.18 hereof; provided that if such day is not a Business Day, the Scheduled Termination Date shall be the Business Day immediately preceding such day. 

“SEC” means the Securities and Exchange Commission, or any Governmental Authority succeeding to any of its principal
functions. 
 “Second Lien Term Facility” means the credit facilities under the Second Lien Term Facility Credit Agreement.

 “Second Lien Term Facility Administrative Agent” means Jefferies Finance LLC, in its capacity as administrative agent
and collateral agent under the Second Lien Term Facility Credit Agreement, or any successor administrative agent and collateral agent under the Second Lien Term Facility Credit Agreement. 

“Second Lien Term Facility Credit Agreement” means that certain credit agreement dated as of the Restatement Effective Date
evidencing a senior secured second lien term facility, among the Borrower, Holdings, the lenders party thereto and Jefferies Finance LLC, as administrative agent and collateral agent, as the same may be amended, restated, modified, supplemented,
extended, renewed, refunded, replaced or refinanced from time to time in one or more agreements (in each case with the same or new lenders, institutional investors or agents), including any agreement extending the maturity thereof or otherwise
restructuring all or any 

  
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portion of the Indebtedness thereunder or increasing the amount loaned or issued thereunder or altering the maturity thereof, in each case as and to the extent permitted by this Agreement and the
Intercreditor Agreement. 
 “Second Lien Term Facility Documentation” means the Second Lien Term Facility Credit Agreement
and all security agreements, guarantees, pledge agreements and other agreements or instruments executed in connection therewith. 

“Second Lien Term Facility Lenders” means the lenders from time to time party to the Second Lien Term Facility Credit
Agreement. 
 “Secured Cash Management Agreement” means any agreement in respect of or in connection with Cash Management
Obligations that is entered into by and between any Loan Party or Restricted Subsidiary and any Cash Management Bank. 
 “Secured
Hedge Agreement” means any Swap Contract permitted under Section 9.3(f) that is either (a) provided to, or arranged for, any Loan Party or any Restricted Subsidiary by Wells Fargo and/or any of its respective Affiliates (or any
assignee of any such Person) or (b) entered into by and between any Loan Party or any Restricted Subsidiary and any other Hedge Bank and, in the case of this clause (b), designated in writing by such Hedge Bank and the Borrower to, and
acknowledged in writing by, the Administrative Agent as a “Secured Hedge Agreement” (such designation in writing by such Hedge Bank and the Borrower (or any subsequent written notice by such Hedge Bank to the Administrative Agent)
may further designate any Obligations under such Secured Hedge Agreement as being “Specified Secured Hedge Obligations” as defined under this Agreement); provided that for the purposes of the Loan Documents in no circumstances shall
any Excluded Swap Obligations constitute Obligations with respect to any Secured Hedge Agreement. 
 “Secured Parties”
means, collectively, the Lenders, the Issuers, the Administrative Agent, each Hedge Bank, each Cash Management Bank and each co-agent or sub-agent (if any) appointed by the Administrative Agent from time to time pursuant to
Section 11.5. 
 “Securities Account” means all securities accounts of any Loan Party, including
“securities accounts” within the meaning given to such term in Article 8 of the UCC. 
 “Securities Account Control
Agreement” means an effective securities account control agreement with an Approved Securities Intermediary, in each case in form and substance reasonably satisfactory to the Administrative Agent. 

“Securities Act” means the Securities Act of 1933, as amended. 

“Security” means any Equity Interest, voting trust certificate, bond, debenture, note or other evidence of Indebtedness,
whether secured, unsecured, convertible or subordinated, or any certificate of interest, share or participation in, any temporary or interim certificate for the purchase or acquisition of, or any right to subscribe to, purchase or acquire, any of
the foregoing, but shall not include any evidence of the Obligations. 

  
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 “Security Agreement” means, collectively, the Security Agreement executed
by the Loan Parties, substantially in the form of Exhibit I, together with each Security Agreement Supplement executed and delivered pursuant to Section 8.11. 

“Security Agreement Supplement” has the meaning specified in the Security Agreement. 

“Shrink Reserve” means an amount reasonably estimated by the Administrative Agent to be equal to that amount which is
required in order that the shrink reflected in current books and records of the Borrower and its Subsidiaries would be reasonably equivalent to the shrink calculated as part of the Borrower’s most recent physical Inventory (it being understood
and agreed that no Shrink Reserve established by the Administrative Agent shall be duplicative of any shrink as so reflected in the current books and records of the Borrower and its Subsidiaries or estimated by the Borrower for purposes of computing
the Borrowing Base). 
 “Solvent” and “Solvency” mean, with respect to any Person on any date of
determination, that on such date (a) the fair value of the assets of such Person exceeds its debts and liabilities, subordinated, contingent or otherwise, (b) the present fair saleable value of the property of such Person is greater than
the amount that will be required to pay the probable liability of its debts and other liabilities, subordinated, contingent or otherwise, as such debts and other liabilities become absolute and matured, (c) such Person is able to pay its debts
and liabilities, subordinated, contingent or otherwise, as such liabilities become absolute and matured and (d) such Person is not engaged in, and is not about to engage in, business for which it has unreasonably small capital. The amount of
any contingent liability at any time shall be computed as the amount that would reasonably be expected to become an actual and matured liability. 

“SPC” has the meaning specified in Section 12.2(g). 

“Specified Event of Default” means any Event of Default (a) of the type described in
Section 10.1(a), 10.1(b)(i)(A), 10.1(b)(i)(B), 10.1(b)(ii), 10.1(b)(iii), 10.1(c) (solely in respect of any breach of Section 8.12), 10.1(d) (with respect
to any Borrowing Base Certificate) or, solely with respect to the Borrower, 10.1(f). 
 “Specified Payment” means
any Investment, incurrence of Indebtedness, Restricted Payment or payment made pursuant to Section 9.12 that in each case is subject to the satisfaction of the Payment Conditions or the RP Conditions. 

“Specified Secured Hedge Obligations” means Obligations under any Secured Hedge Agreement which provides by its terms that
such Obligations shall only be payable pursuant to Section 10.3 pursuant to clause “Eleventh” thereof. Any applicable Hedge Bank may designate or cancel such designation of Obligations under any applicable
Secured Hedge Agreement as “Specified Secured Hedge Obligations” by delivering notice in writing to the Administrative Agent of such designation or cancellation of designation. 

“Specified Transaction” means any Investment that results in a Person becoming a Restricted Subsidiary, any designation of a
Subsidiary as a Restricted Subsidiary or an Unrestricted Subsidiary, any Permitted Acquisition, any Disposition that results in a Restricted Subsidiary ceasing to be a Subsidiary of the Borrower, any Investment constituting an 

  
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acquisition of assets constituting a business unit, line of business or division of another Person or a Store or any Disposition of a business unit, line of business or division or a Store of the
Borrower or a Restricted Subsidiary, in each case whether by merger, consolidation, amalgamation or otherwise, or any incurrence or repayment of Indebtedness (other than Indebtedness incurred or repaid under any revolving credit facility in the
ordinary course of business for working capital purposes), Restricted Payment or Incremental Loan that by the terms of this Agreement requires such test to be calculated on a “Pro Forma Basis” or after giving “Pro Forma Effect.”

 “Sponsor” means collectively Leonard Green & Partners, L.P. and CVC Capital Partners Advisory (U.S.), Inc. (for
so long as Leonard Green & Partners, L.P., CVC Capital Partners Advisory (U.S.), Inc. or any of its Affiliates retains control of the voting power thereof) and any of their respective Affiliates and funds or partnerships managed or advised
by any of them or any of their respective Affiliates but not including, however, any portfolio company of any of the foregoing. 

“Sponsor Management Agreement” means the management services agreement by and among Leonard Green & Partners, L.P.
and CVC Capital Partners Advisory (U.S.), Inc. or certain of the management companies associated with either of them or their advisors and the Borrower, as the same may be amended, modified, supplemented or otherwise modified from time to time in
accordance with its terms, but only to the extent that any such amendment, modification, supplement or other modification does not, directly or indirectly, increase the obligation of Holdings, the Borrower or any of its Restricted Subsidiaries to
make any payments thereunder. 
 “Sponsor Termination Fees” means the one-time payment under the Sponsor Management
Agreement of a termination fee to one or more of the Sponsors in the event of either a Change of Control or the completion of a Qualifying IPO. 

“Standby Letter of Credit” means any Letter of Credit that is not a Documentary Letter of Credit. 

“Statutory Reserve Rate” means, a fraction (expressed as a decimal), the numerator of which is the number one and the
denominator of which is the number one minus the aggregate of the maximum reserve percentages (including any marginal, special, emergency or supplemental reserves) expressed as a decimal established by any Governmental
Authority of the United States with respect to eurodollar fundings. Such reserve percentages shall include those imposed pursuant to such Regulation D. Eurocurrency Rate Loans shall be deemed to constitute eurodollar funding and to be subject to
such reserve requirements without benefit of or credit for proration, exemptions or offsets that may be available from time to time to any Lender under such Regulation D or any comparable regulation. The Statutory Reserve Rate shall be adjusted
automatically on and as of the effective date of any change in any reserve percentage. 
 “Store” means any retail store or
retail warehouse (which includes any real property, fixtures, equipment, Inventory and other property related thereto) operated, or to be operated, by the Borrower or any Restricted Subsidiary. 

  
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 “Store Accounts” means Deposit Accounts established for the purposes of
receiving retail warehouse receipts from a retail warehouse location of a Loan Party. 
 “Subsidiary” of a Person means a
corporation, partnership, joint venture, limited liability company or other business entity (excluding, for the avoidance of doubt, charitable foundations) of which a majority of the shares of securities or other interests having ordinary voting
power for the election of directors or other governing body (other than securities or interests having such power only by reason of the happening of a contingency) are at the time beneficially owned, or the management of which is otherwise
controlled, directly, or indirectly through one or more intermediaries, or both, by such Person. Unless otherwise specified, all references herein to a “Subsidiary” or to “Subsidiaries” shall refer to a Subsidiary or Subsidiaries
of the Borrower. 
 “Subsidiary Guarantor” means any Guarantor other than Holdings. 

“Successor Borrower” has the meaning specified in Section 9.4(d). 

“Successor Holdings” has the meaning specified in Section 9.4(e). 

“Supermajority Amount” has the meaning given to such term in the definition of “Supermajority Lenders”. 

“Supermajority Lenders” means, collectively, Lenders having more than 66.67% of the aggregate of the Revolving Credit
Commitments and the Outstanding Amount of the Term Loan or, after the Revolving Credit Termination Date, more than 66.67% of the aggregate of the Revolving Credit Outstandings and the Outstanding Amount of the Term Loans (in either case, such 66.67%
amount being referred to as the “Supermajority Amount”); provided that the unused Revolving Credit Commitment of, and the portion of the Loans and outstanding Letters of Credit Obligations held or deemed held by, any
Defaulting Lender shall be excluded for purposes of making a determination of Supermajority Lenders. 
 “Swap Contract”
means (a) any and all rate swap transactions, basis swaps, credit derivative transactions, forward rate transactions, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price
or bond index swaps or options or forward bond or forward bond price or forward bond index transactions, interest rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap
transactions, cross-currency rate swap transactions, currency options, spot contracts, or any other similar transactions or any combination of any of the foregoing (including any options to enter into any of the foregoing), whether or not any such
transaction is governed by or subject to any master agreement, and (b) any and all transactions of any kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement published
by the International Swaps and Derivatives Association, Inc., any International Foreign Exchange Master Agreement, or any other master agreement (any such master agreement, together with any related schedules, a “Master Agreement”),
including any such obligations or liabilities under any Master Agreement. 

  
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 “Swap Obligation” means, with respect to any Guarantor or Limited
Guarantor, as applicable, any obligation to pay or perform under any agreement, contract or transaction that constitutes a “swap” within the meaning of section 1a(47) of the Commodity Exchange Act. 

“Swap Termination Value” means, in respect of any one or more Swap Contracts, after taking into account the effect of any
legally enforceable netting agreement relating to such Swap Contracts, (a) for any date on or after the date such Swap Contracts have been closed out and termination value(s) determined in accordance therewith, such termination value(s), and
(b) for any date prior to the date referenced in clause (a), the amount(s) determined as the mark-to-market value(s) for such Swap Contracts, as determined based upon one or more mid-market or
other readily available quotations provided by any recognized dealer in such Swap Contracts (which may include a Lender or any Affiliate of a Lender). 

“Swing Loan” has the meaning specified in Section 2.3(a). 

“Swing Loan Lender” means Wells Fargo in its capacity as the Swing Loan Lender hereunder. 

“Swing Loan Obligations” means, as at any date of determination, the aggregate Outstanding Amount of all Swing Loans. 

“Swing Loan Request” has the meaning specified in Section 2.3(b). 

“Swing Loan Sublimit” means the lesser of (a) $75,000,000 and (b) the aggregate principal amount of the Revolving Credit
Commitments. The Swing Loan Sublimit is part of, and not in addition to, the Revolving Credit Commitments. 
 “Taxes” has
the meaning specified in Section 3.1(a). 
 “Term Borrowing” means a borrowing consisting of Term
Loans of the same Class and Type made, converted or continued on the same date and, in the case of Eurocurrency Rate Loans, having the same Interest Period. All Term Borrowings shall be denominated in Dollars. 

“Term Borrowing Base” means, at any time of calculation, an amount equal to: 

(a)    the face amount of Eligible Credit Card Receivables multiplied by the Term Credit Card Advance Rate; plus

 (b)    the face amount of Eligible Accounts multiplied by the Term Eligible Accounts Advance Rate; plus 

(c)    the Net Recovery Percentage of Eligible Inventory multiplied by the Term Inventory Advance Rate multiplied by the
Cost of Eligible Inventory, net of Inventory Reserves attributable to Eligible Inventory; minus 
 (d)    the
then amount of all Availability Reserves taken in respect of the Term Borrowing Base. 

  
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 The Term Borrowing Base at any time shall be determined by reference to the most recent
Borrowing Base Certificate delivered to the Administrative Agent pursuant to Section 7.4, as adjusted to give effect to Reserves following such delivery; provided, that the establishment of, or change to, such
Reserves shall not be effective until the date that the Administrative Agent has provided written notice to the Borrower of such establishment of, or change to, such Reserves; provided further that no such written notice shall be required for
changes to any Reserves resulting solely by virtue of mathematical calculations of the amount of the Reserves in accordance with the methodology of calculation previously utilized (such as, but not limited to, rent, Customer Credit Liabilities and
the Term Loan Reserve). The amount of any Reserve established by the Administrative Agent, and any change in the amount of any Reserve, shall have a reasonable relationship to the event, condition or other matter that is the basis for such Reserve
or such change. Notwithstanding anything herein to the contrary, Reserves shall not duplicate eligibility criteria contained in the definition of Eligible Account, Eligible Credit Card Receivables, Eligible Inventory, Qualified Cash or any other
Reserve then established. 
 “Term Commitment” means, as to each Term Lender, its obligation to make Term Loans on the
Restatement Effective Date and to continue its Existing Term Loans under the Existing Credit Agreement to be Term Loans under this Agreement on the Restatement Effective Date in an aggregate principal amount not to exceed the amount set forth
opposite such Term Lender’s name on Schedule I under the caption “Term Commitment”. 
 “Term Credit
Card Advance Rate” means 5%. 
 “Term Eligible Accounts Advance Rate” means 5%. 

“Term Extension Amendment” has the meaning specified in Section 2.18(d). 

“Term Extension Request” has the meaning specified in Section 2.18(a). 

“Term Extension Series” has the meaning specified in Section 2.18(f). 

“Term Facility” means, at any time, (a) on the Restatement Effective Date, the aggregate amount of the Term Commitments
at such time and (b) thereafter, the aggregate principal amount of the Term Loans of all Term Lenders outstanding at such time. As of the Restatement Effective Date, the amount of the Term Facility is $50,000,000. 

“Term Inventory Advance Rate” means 5%. 

“Term Lender” means (a) on the Restatement Effective Date, any Lender that has a Term Commitment and/or Existing Term
Loan at such time and (b) at any time after the Restatement Effective Date, any Lender that holds Term Loans at such time. 

“Term Loan” has the meaning specified in Section 2.1(b). 

“Term Loan Reserve” means a reserve established by the Administrative Agent equal to the amount by which the Outstanding
Amount of the Term Loan exceeds the Term Borrowing Base. 

  
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 “Term Loan Termination Date” means the earliest of (a) the Scheduled
Termination Date, (b) the prepayment of all Term Loans pursuant to Section 2.8 and (c) the date on which the Obligations become due and payable pursuant to Section 10.2. 

“Term Note” means a promissory note of the Borrower payable to the order of any Term Lender evidencing the aggregate
Indebtedness of the Borrower to such Lender resulting from the Term Loans of a given Class owing to such Lender. 
 “Term
Outstandings” means, at any particular time, the principal amount of Term Loans outstanding at such time. 
 “Test
Period” in effect at any time means either (x) the most recent period of four consecutive Fiscal Quarters or, as applicable, (y) the most recent period of twelve consecutive Fiscal Months of the Borrower ended on or prior to such
time (taken as one accounting period). A Test Period may be designated by reference to the last day thereof (i.e., the “January 28, 2012 Test Period” refers to the period of four consecutive Fiscal Quarters or, as applicable, twelve
consecutive Fiscal Months, of the Borrower ended January 28, 2012), and a Test Period shall be deemed to end on the last day thereof. 

“Total Assets” means the total assets of the Borrower and the Restricted Subsidiaries on a Consolidated basis in accordance
with GAAP, as shown on the most recent balance sheet of the Borrower delivered pursuant to Sections 7.1(a) or 7.1(b). 

“Total Leverage Ratio” means, with respect to any Test Period for which financial statements have been or are required to
have been delivered pursuant to Section 7.1(a) or (b), the ratio of (a) Consolidated Total Debt as of the last day of such Test Period to (b) Consolidated EBITDA of the Borrower for such Test Period. 

“Transaction” means, collectively, (a) the execution and delivery of the First Lien Term Facility Credit Agreement and
the Second Lien Term Facility Credit Agreement and the funding of the loans under each of the First Lien Term Facility and the Second Lien Term Facility on the Restatement Effective Date, (b) the execution and delivery of this Agreement and the
funding of the Loans on the Restatement Effective Date, if any, (c) the repayment and cancellation of the Existing First Lien Term Facility Credit Agreement and the Existing Second Lien Term Facility Credit Agreement on the Restatement
Effective Date, (d) the making of Restatement Effective Date Dividend; (e) the consummation of any other transactions in connection with the foregoing, and (f) the payment of the fees and expenses incurred in connection with any of
the foregoing. 
 “Transaction Expenses” means any fees or expenses incurred or paid by Holdings or any of its Subsidiaries
in connection with the Transaction, this Agreement and the other Loan Documents and the transactions contemplated hereby and thereby. 

“Type” means, with respect to a Loan, its character as a Base Rate Loan or a Eurocurrency Rate Loan. 

“UCC” means the Uniform Commercial Code or any successor provision thereof as the same may from time to time be in effect in
the State of New York or the Uniform Commercial 

  
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Code or any successor provision thereof (or similar code or statute) of another jurisdiction, to the extent it may be required to apply to any item or items of Collateral. 

“United States” and “U.S.” mean the United States of America. 

“Unrestricted Subsidiary” means any Subsidiary of the Borrower designated by the board of directors of the Borrower as an
Unrestricted Subsidiary pursuant to Section 8.3 subsequent to the Restatement Effective Date, in each case, until such Person ceases to be an Unrestricted Subsidiary of the Borrower in accordance with
Section 8.3 or ceases to be a Subsidiary of the Borrower. 
 “Unused Commitment Fee” has the
meaning specified in Section 2.12(a). 
 “Updated Inventory Appraisal” has the meaning specified
in Section 7.4. 
 “U.S. Lender” has the meaning specified in
Section 3.1. 
 “USA PATRIOT Act” means The Uniting and Strengthening America by Providing
Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (Title III of Pub. L. No. 107-56 (signed into law October 26, 2001)), as amended or modified from time to time. 

“Weekly Monitoring Event” means (a) a Specified Event of Default has occurred and is continuing or (b) the Borrower
has failed to maintain, for five (5) consecutive Business Days, Excess Availability of the greater of (i) $60,000,000 and (ii) 12.5% of the Maximum Credit; provided that a Weekly Monitoring Event shall be deemed continuing until the date on
which, as applicable, in the case of the foregoing clause (a), such Specified Event of Default is cured or waived in accordance with Section 12.1, or, in the case of the foregoing clause (b), Excess
Availability has been greater than or equal to the greater of (i) $60,000,000 and (ii) 12.5% of the Maximum Credit, in each case under clauses (i) and (ii), for at least thirty (30) consecutive days. 

“Weighted Average Life to Maturity” means, when applied to any Indebtedness at any date, the number of years obtained by
dividing: (a) the sum of the products obtained by multiplying (i) the amount of each then remaining installment, sinking fund, serial maturity or other required payments of principal, including payment at final maturity, in respect
thereof, by (ii) the number of years (calculated to the nearest one-twelfth) that will elapse between such date and the making of such payment by (b) the then outstanding principal amount of such Indebtedness; provided, that for
purposes of determining the Weighted Average Life to Maturity of any Indebtedness that is being modified, refinanced, refunded, renewed, replaced or extended (the “Applicable Indebtedness”), the effects of any prepayments made on
such Applicable Indebtedness prior to the date of the applicable modification, refinancing, refunding, renewal, replacement or extension shall be disregarded. 

“Wells Fargo” means Wells Fargo Bank, National Association and its successors. 

“Wholly-Owned Subsidiary” of a Person means a Subsidiary of such Person, all of the outstanding Equity Interests of which
(other than (x) director’s qualifying shares and (y) nominal 

  
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shares issued to foreign nationals to the extent required by applicable Law) are owned by such Person and/or by one or more Wholly-Owned Subsidiaries of such Person. 

“Withdrawal Liability” means the liability to a Multiemployer Plan as a result of a complete or partial withdrawal from such
Multiemployer Plan, as such term is defined in Part I of Subtitle E of Title IV of ERISA. 
 “Write-Down and Conversion
Powers” means, with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and
conversion powers are described in the EU Bail-In Legislation Schedule. 
 SECTION 1.2 Other Interpretive Provisions. 

With reference to this Agreement and each other Loan Document, unless otherwise specified herein or in such other Loan Document: 

(a)    The meanings of defined terms are equally applicable to the singular and plural forms of the defined terms. 

(b)    (i) The words “herein,” “hereto,” “hereof” and “hereunder” and words of
similar import when used in any Loan Document shall refer to such Loan Document as a whole and not to any particular provision thereof. 

(ii)    References in this Agreement to an Exhibit, Schedule, Article, Section, clause or sub-clause refer
(A) to the appropriate Exhibit or Schedule to, or Article, Section, clause or sub-clause in this Agreement or (B) to the extent such references are not present in this Agreement, to the Loan Document in which such reference appears, 

(iii)    The term “including” is by way of example and not limitation, subject, in the case of
computations of time periods, to clause (d) below, 
 (iv)     The term
“documents” includes any and all instruments, documents, agreements, certificates, notices, reports, financial statements and other writings, however evidenced, whether in physical or electronic form, and 

(v)     Unless otherwise expressly indicated herein, the words “above” and “below”,
when following a reference to a clause or a sub-clause of any Loan Document, refer to a clause or sub-clause within, respectively, the same Section or clause. 

(c)     The terms “Lender,” “Issuer” and “Administrative Agent” include, without limitation,
their respective successors. 
 (d)     In the computation of periods of time from a specified date to a later specified
date, the word “from” means “from and including”, the words “to” and “until” each mean “to but excluding” and the word “through” means “to and
including.” 

  
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 (e)    Section headings herein and in the other Loan Documents are
included for convenience of reference only and shall not affect the interpretation of this Agreement or any other Loan Document. 
 SECTION
1.3 Accounting Terms. 
 All accounting terms not specifically or completely defined herein shall be construed in conformity with, and
all financial data (including financial ratios and other financial calculations) required to be submitted pursuant to this Agreement shall be prepared in conformity with, GAAP, except as otherwise specifically prescribed herein. 

SECTION 1.4 Rounding. 

Any financial ratios required to be satisfied in order for a specific action to be permitted under this Agreement shall be calculated by
dividing the appropriate component by the other component, carrying the result to one place more than the number of places by which such ratio is expressed herein and rounding the result up or down to the nearest number (with a rounding-up if there
is no nearest number). 
 SECTION 1.5 [Reserved]. 

SECTION 1.6 References to Agreements, Laws, Etc. 

Unless otherwise expressly provided herein, (a) references to Constituent Documents, agreements (including the Loan Documents) and other
contractual instruments shall be deemed to include all appendices, exhibits and schedules thereto and all subsequent amendments, restatements, extensions, supplements and other modifications thereto (but only to the extent that such amendments,
restatements, extensions, supplements and other modifications are permitted by any Loan Document); and (b) references to any Law shall include all statutory and regulatory provisions consolidating, amending, replacing, supplementing or
interpreting such Law. 
 SECTION 1.7 Times of Day. 

Unless otherwise specified, all references herein to times of day shall be references to Eastern time (daylight or standard, as applicable).

 SECTION 1.8 Pro Forma Calculations. 

(a)    Notwithstanding anything to the contrary herein, the Total Leverage Ratio and the Fixed Charge Coverage Ratio shall
be calculated in the manner prescribed by this Section 1.8; provided that, notwithstanding anything to the contrary in this Section 1.8, when calculating the Total Leverage Ratio and the
Fixed Charge Coverage Ratio for purposes of determining actual compliance (and not compliance on a Pro Forma Basis) with Section 6.1, the events described in this Section 1.8 that occurred
subsequent to the end of the applicable Test Period shall not be given pro forma effect. 
 (b)    For purposes of
calculating the Total Leverage Ratio and the Fixed Charge Coverage Ratio, Specified Transactions (and the incurrence or repayment of any Indebtedness in 

  
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connection therewith) that have been made (i) during the applicable Test Period or (ii) subsequent to such Test Period and prior to or simultaneously with the event for which the
calculation of any such ratio is made shall be calculated on a pro forma basis assuming that all such Specified Transactions (and any increase or decrease in Consolidated EBITDA and the component financial definitions used therein attributable to
any Specified Transaction) had occurred on the first day of the applicable Test Period (with respect to the calculation of the Fixed Charge Coverage Ratio) or the last day of the applicable Test Period (with respect to calculation of the Total
Leverage Ratio), as applicable. If since the beginning of any applicable Test Period any Person that subsequently became a Restricted Subsidiary or was merged, amalgamated or consolidated with or into the Borrower or any of its Restricted
Subsidiaries since the beginning of such Test Period shall have made any Specified Transaction that would have required adjustment pursuant to this Section 1.8, then the Total Leverage Ratio and the Fixed Charge Coverage
Ratio shall be calculated to give pro forma effect thereto in accordance with this Section 1.8. 

(c)    In the event that the Borrower or any Restricted Subsidiary incurs (including by assumption or guarantees) or
repays (including by redemption, repayment, retirement or extinguishment) any Indebtedness included in the calculations of the Total Leverage Ratio and the Fixed Charge Coverage Ratio, as the case may be (in each case, other than Indebtedness
incurred or repaid under any revolving credit facility in the ordinary course of business for working capital purposes), (i) during the applicable Test Period or (ii) subsequent to the end of the applicable Test Period and prior to or
simultaneously with the event for which the calculation of any such ratio is made, then the Total Leverage Ratio and the Fixed Charge Coverage Ratio shall be calculated giving pro forma effect to such incurrence or repayment of Indebtedness, to the
extent required, as if the same had occurred on the last day of the applicable Test Period (with respect to calculation of the Total Leverage Ratio) or the first day of the applicable Test Period (with respect to the calculation of the Fixed Charge
Coverage Ratio), as applicable. 
 (d)    Whenever pro forma effect is to be given to a Specified Transaction, the pro
forma calculations shall be made in good faith by a Responsible Officer of the Borrower and may include, for the avoidance of doubt, the amount of cost savings and synergies projected by the Borrower in good faith to be realized as a result of
specified actions taken, committed to be taken or expected to be taken (calculated on a pro forma basis as though such cost savings and synergies had been realized on the first day of such period and as if such cost savings and synergies were
realized during the entirety of such period) relating to such Specified Transaction, net of the amount of actual benefits realized during such period from such actions; provided, that (A) such amounts are reasonably identifiable,
quantifiable and factually supportable in the good faith judgment of the Borrower, (B) such actions are taken, committed to be taken or reasonably expected to be taken no later than twelve (12) months after the date of such Specified
Transaction, (C) no amounts shall be added pursuant to this clause (d) to the extent duplicative of any amounts that are otherwise added back in computing Consolidated EBITDA, whether through a pro forma adjustment or
otherwise, with respect to such period, (D) such cost savings and synergies are reasonably acceptable to the Administrative Agent and (E) the aggregate amount of cost savings and synergies added pursuant to this clause
(d) for any such period after the Effective Date shall not exceed the greater of (x) $25,000,000 and (y) 6.50% of Consolidated EBITDA for such Test Period (giving pro forma effect to the relevant Specified Transaction (but not to any
cost savings or synergies)). 

  
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 (e)    If any Indebtedness bears a floating rate of interest and is
being given pro forma effect, the interest on such Indebtedness shall be calculated as if the rate in effect on the date of the event for which the calculation of the Fixed Charge Coverage Ratio is made had been the applicable rate for the entire
period (taking into account any hedging obligations applicable to such Indebtedness). Interest on a Capitalized Lease Obligation shall be deemed to accrue at an interest rate reasonably determined by a responsible financial or accounting officer of
the Company to be the rate of interest implicit in such Capitalized Lease Obligation in accordance with GAAP. Interest on Indebtedness that may optionally be determined at an interest rate based upon a factor of a prime or similar rate, a eurodollar
interbank offered rate, or other rate, shall be determined to have been based upon the rate actually chosen, or if none, then based upon such optional rate chosen as the Company may designate. 

SECTION 1.9 Currency Equivalents Generally. 

(a)    For purposes of determining compliance with Sections 9.1, 9.2 and 9.3 with respect to any
amount of Indebtedness or Investment in a currency other than Dollars, no Default shall be deemed to have occurred solely as a result of changes in rates of currency exchange occurring after the time such Indebtedness or Investment is incurred (so
long as such Indebtedness or Investment, at the time incurred, made or acquired, was permitted hereunder). 
 (b)    For
purposes of determining the Total Leverage Ratio and the Fixed Charge Coverage Ratio, amounts denominated in a currency other than Dollars will be converted to Dollars at the currency exchange rates used in preparing the Borrower’s financial
statements corresponding to the Test Period with respect to the applicable date of determination and will, in the case of Indebtedness, reflect the currency translation effects, determined in accordance with GAAP, of Swap Contracts permitted
hereunder for currency exchange risks with respect to the applicable currency in effect on the date of determination of the Dollar equivalent of such Indebtedness. 

ARTICLE II 
 THE
FACILITY 
 SECTION 2.1 The Commitments. 

(a)    The Revolving Credit Commitments. 

(i)    On the terms and subject to the conditions contained in this Agreement, each Revolving Credit Lender
severally agrees to make loans in Dollars (each, a “Revolving Loan”) to the Borrower from time to time on any Business Day during the period from the Restatement Effective Date until the Revolving Credit Termination Date in an
aggregate principal amount at any time outstanding for all such loans by such Revolving Credit Lender not to exceed such Lender’s Revolving Credit Commitment; provided, however, that at no time shall (A) any Revolving Credit Lender
be obligated to make a Revolving Loan in excess of such Revolving Credit Lender’s Ratable Portion of the Maximum Revolving Credit and (B) the amount of the Revolving Credit Outstandings plus the Term Outstandings exceed the Maximum Credit.
Within the limits 

  
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of the Revolving Credit Commitment of each Lender, amounts of Loans repaid may be reborrowed under this Section 2.1(a)(i). All Existing Revolving Loans shall be deemed
to have been made pursuant hereto, and from and after the Restatement Effective Date, all Existing Revolving Loans shall continue as Revolving Loans hereunder. 

(ii)    Subject to the limitations set forth below (and notwithstanding anything to the contrary in
Section 4.2), the Administrative Agent is authorized by the Borrower and the Lenders, from time to time in the Administrative Agent’s sole discretion (but shall have absolutely no obligation), to make Revolving Loans
to the Borrower, on behalf of all Lenders at any time that any condition precedent set forth in Section 4.2 has not been satisfied or waived, which the Administrative Agent, in its Permitted Discretion, deems necessary or
desirable for the purposes specified in the definition of “Protective Advances”. Any Protective Advance may be made in a principal amount that would cause the aggregate Revolving Credit Exposure to exceed the Borrowing Base; provided that
the aggregate amount of outstanding Protective Advances plus the aggregate of all other Revolving Credit Exposure shall not exceed the Aggregate Revolving Credit Commitments. Protective Advances may be made even if the conditions precedent set forth
in Section 4.2 have not been satisfied or waived. Each Protective Advance shall be secured by the Liens in favor of the Administrative Agent in and to the Collateral and shall constitute Obligations hereunder. The
Administrative Agent’s authorization to make Protective Advances may be revoked at any time by the Requisite Lenders. Any such revocation must be in writing and shall become effective prospectively upon the Administrative Agent’s receipt
thereof. The making of a Protective Advance on any one occasion shall not obligate the Administrative Agent to make any Protective Advance on any other occasion. At any time that the conditions precedent set forth in
Section 4.2 have been satisfied or waived, the Administrative Agent may request the Lenders to make a Revolving Loan to repay a Protective Advance. At any other time, the Administrative Agent may require the Lenders to fund
their risk participations described in Section 2.1(a)(iii). 
 (iii)    Upon the making of
a Protective Advance by the Administrative Agent (whether before or after the occurrence of a Default), each Revolving Credit Lender shall be deemed, without further action by any party hereto, unconditionally and irrevocably to have purchased from
the Administrative Agent without recourse or warranty, an undivided interest and participation in such Protective Advance in proportion to its Applicable Percentage. From and after the date, if any, on which any Revolving Credit Lender is required
to fund its participation in any Protective Advance purchased hereunder, the Administrative Agent shall promptly distribute to such Revolving Credit Lender, such Revolving Credit Lender’s Applicable Percentage of all payments of principal and
interest and all proceeds of Collateral received by the Administrative Agent in respect of such Protective Advance. 

(b)    The Term Commitment; Existing Term Loans. On the terms and subject to the conditions contained in this
Agreement, the Existing Term Loans shall be deemed to have been made pursuant hereto and, from and after the Restatement Effective Date, continue as a single loan made by each Term Lender denominated in Dollars (each, a “Term Loan”)
to the Borrower in an amount equal to such Term Lender’s Term Commitment; provided, however, that at no 

  
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time shall the sum of the amount of the Revolving Credit Outstandings plus the Term Outstandings exceed the Maximum Credit. The Term Borrowing on the Restatement Effective Date shall consist of
Term Loans made simultaneously by the Term Lenders in accordance with their respective Term Commitment. Amounts borrowed under this Section 2.1(b) and repaid or prepaid may not be reborrowed. 

SECTION 2.2 Borrowing Procedures. 

(a)    Each Borrowing shall be made on notice given by the Borrower to the Administrative Agent not later than (i) 11:00
a.m. on the same Business Day, in the case of a Borrowing of Base Rate Loans, or (ii) 12:00 noon three (3) Business Days, in the case of a Borrowing of Eurocurrency Rate Loans, in each case prior to the date of the proposed Borrowing. Each such
notice shall be in substantially the form of Exhibit C (a “Notice of Borrowing”), specifying (A) the date of such proposed Borrowing, which shall be a Business Day, (B) the aggregate amount of such proposed
Borrowing, (C) whether any portion of the proposed Borrowing will be of Base Rate Loans or Eurocurrency Rate Loans, (D) the initial Interest Period or Interest Periods for any Eurocurrency Rate Loans, (E) the Class of such
proposed Borrowing, and (F) with respect to any Borrowing the proceeds of which will be used to fund a Restricted Payment subject to the satisfaction of the RP Conditions, an additional solvency representation and warranty of the Borrower and
its Subsidiaries (taken as a whole) after giving effect to such Borrowing and the use of proceeds thereof. The Loans shall be made as Base Rate Loans, unless, subject to Section 2.14, the Notice of Borrowing specifies that
all or a portion thereof shall be Eurocurrency Rate Loans. Each Borrowing shall be in an aggregate amount of not less than $500,000 or an integral multiple of $100,000 in excess thereof. 

(b)    The Administrative Agent shall give to each Appropriate Lender prompt notice of the Administrative Agent’s
receipt of a Notice of Borrowing, and, if Eurocurrency Rate Loans are properly requested in such Notice of Borrowing, the applicable interest rate determined pursuant to Section 2.14(a). Each Lender shall, before 1:00 p.m.
on the date of the proposed Borrowing, make available to the Administrative Agent at its address referred to in Section 12.8, in Same Day Funds, such Lender’s Ratable Portion of such proposed Borrowing. Upon
fulfillment (or due waiver in accordance with Section 12.1) (i) on the Restatement Effective Date, of the applicable conditions set forth in Section 4.1 and (ii) at any time (including the
Restatement Effective Date), of the applicable conditions set forth in Section 4.2, and, subject to clause (c) below, after the Administrative Agent’s receipt of such funds, the Administrative Agent
shall make such funds available to the Borrower as promptly as reasonably practicable. 
 (c)    Unless the
Administrative Agent shall have received notice from a Lender prior to the date of any proposed Borrowing that such Lender will not make available to the Administrative Agent such Lender’s Ratable Portion of such Borrowing (or any portion
thereof), the Administrative Agent may assume that such Lender has made such Ratable Portion available to the Administrative Agent on the date of such Borrowing in accordance with this Section 2.2 and the Administrative
Agent may, in reliance upon such assumption, make available to the Borrower on such date a corresponding amount. If and to the extent that such Lender shall not have so made such Ratable Portion available to the Administrative Agent, such Lender and
the Borrower severally agree to repay to the Administrative Agent forthwith on demand such corresponding amount together with interest thereon, for each day from the date such amount is 

  
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made available to the Borrower until the date such amount is repaid to the Administrative Agent, at (i) in the case of the Borrower, the interest rate applicable at the time to the Loans
comprising such Borrowing and (ii) in the case of such Lender, the Federal Funds Rate for the first Business Day and thereafter at the interest rate applicable at the time to the Loans comprising such Borrowing. If such Lender shall repay to
the Administrative Agent such corresponding amount, such corresponding amount so repaid shall constitute such Lender’s Loan as part of such Borrowing for purposes of this Agreement. If the Borrower shall repay to the Administrative Agent such
corresponding amount, such payment shall not relieve such Lender of any obligation it may have hereunder to the Borrower. 

(d)    The failure of any Defaulting Lender to make on the date specified any Loan or any payment required by it,
including any payment in respect of its participation in Swing Loans and Letter of Credit Obligations, shall not relieve any other Lender of its obligations to make such Loan or payment on such date but, except to the extent otherwise provided
herein, no such other Lender shall be responsible for the failure of any Defaulting Lender to make a Loan or payment required under this Agreement. 

(e)    After giving effect to all Borrowings, all conversions of Loans from one Type to the other, and all continuations
of Loans as the same Type, there shall not be more than ten (10) Interest Periods in effect unless otherwise agreed between the Borrower and the Administrative Agent; provided that after the establishment of any new Class of Loans
pursuant to a Revolving Extension Amendment and/or a Term Extension Amendment, the number of Interest Periods otherwise permitted by this Section 2.2(e) shall increase by three (3) Interest Periods for each applicable
Class so established. 
 SECTION 2.3 Swing Loans. 

(a)    On the terms and subject to the conditions contained in this Agreement, the Swing Loan Lender shall make loans
(each, a “Swing Loan”) otherwise available to the Borrower under the Revolving Credit Facility from time to time on any Business Day during the period from the Restatement Effective Date until the Revolving Credit Termination Date
in an aggregate principal amount at any time outstanding (together with the aggregate outstanding principal amount of any other Loan made by the Swing Loan Lender hereunder in its capacity as the Swing Loan Lender) not to exceed the Swing Loan
Sublimit; provided, however, that at no time shall (A) the Swing Loan Lender make any Swing Loan to the extent that, after giving effect to such Swing Loan, the aggregate Revolving Credit Outstandings would exceed the Maximum
Revolving Credit or (B) the amount of the Revolving Credit Outstandings (after giving effect to such Swing Loan) plus the Term Outstandings exceed the Maximum Credit; provided further that in the event that the Swing Loan Lender and the
Administrative Agent are not the same Person, then the Swing Loan Lender shall only make a Swing Loan after having given prior notice thereof to the Administrative Agent; provided further that the Swing Loan Lender shall not be required to
make any Swing Loan to the extent that such Swing Loan Lender reasonably believes that any Revolving Credit Lender is a Defaulting Lender, unless after giving effect to the requested Swing Loans, there would exist no Fronting Exposure (in the good
faith determination of the Swing Loan Lender). Each Swing Loan shall be a Base Rate Loan and must be repaid in full within seven (7) days after its making or, if sooner, upon any Borrowing hereunder and shall in any event mature no later than
the Revolving Credit Termination Date 

  
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(without giving effect to any extensions of the type referred to in the proviso to Section 12.1(b) hereof). Within the limits set forth in the first sentence of this
clause (a), amounts of Swing Loans repaid may be reborrowed under this clause (a). 
 (b)    In order to
request a Swing Loan, the Borrower shall telecopy (or forward by electronic mail or similar means) to the Administrative Agent a duly completed request in substantially the form of Exhibit D, setting forth the requested amount and date of
such Swing Loan (a “Swing Loan Request”), to be received by the Administrative Agent not later than 1:00 p.m. on the day of the proposed borrowing. The Administrative Agent shall promptly notify the Swing Loan Lender of the details
of the requested Swing Loan. Subject to the terms of this Agreement, the Swing Loan Lender shall make a Swing Loan available to the Administrative Agent and, in turn, the Administrative Agent shall make such amounts available to the Borrower as
promptly as reasonably practicable on the date set forth in the relevant Swing Loan Request. The Swing Loan Lender shall not make any Swing Loan (other than a Protective Advance) in the period commencing on the first Business Day after it receives
written notice from the Administrative Agent or any Lender that one or more of the conditions precedent contained in Section 4.2 shall not on such date be satisfied, and ending when such conditions are satisfied. The Swing
Loan Lender shall not otherwise be required to determine that, or take notice whether, the conditions precedent set forth in Section 4.2 have been satisfied in connection with the making of any Swing Loan. 

(c)    The Swing Loan Lender may demand at any time that each Revolving Credit Lender pay to the Administrative Agent, for
the account of the Swing Loan Lender, in the manner provided in clause (d) below, such Revolving Credit Lender’s Ratable Portion of all or a portion of the outstanding Swing Loans, which demand shall be made through the
Administrative Agent, shall be in writing and shall specify the outstanding principal amount of Swing Loans demanded to be paid. 

(d)    The Administrative Agent shall forward each demand referred to in clause (c) above to each
Revolving Credit Lender on the day such notice or such demand is received by the Administrative Agent (except that any such notice or demand received by the Administrative Agent after 2:00 p.m. on any Business Day or any such notice or demand
received on a day that is not a Business Day shall not be required to be forwarded to the Revolving Credit Lenders by the Administrative Agent until the next succeeding Business Day), together with a statement prepared by the Administrative Agent
specifying the amount of each Revolving Credit Lender’s Ratable Portion of the aggregate principal amount of the Swing Loans stated to be outstanding in such notice or demanded to be paid pursuant to such demand, and, notwithstanding whether or
not the conditions precedent set forth in Sections 4.2 and 2.1 shall have been satisfied (which conditions precedent the Lenders hereby irrevocably waive), each Revolving Credit Lender shall, before 11:00 a.m. on the Business Day next
succeeding the date of such Lender’s receipt of such notice or demand, make available to the Administrative Agent, in Same Day Funds, for the account of the Swing Loan Lender, the amount specified in such statement. Upon such payment by a
Revolving Credit Lender, such Revolving Credit Lender shall, except as provided in clause (e) below, be deemed to have made a Revolving Loan to the Borrower in the amount of such payment. The Administrative Agent shall use such
funds to repay the Swing Loans to the Swing Loan Lender. 

  
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 (e)    Upon the occurrence of a Default under
Section 10.1(f), each Revolving Credit Lender shall acquire, without recourse or warranty, an undivided participation in each Swing Loan otherwise required to be repaid by such Revolving Credit Lender pursuant to clause
(d) above, which participation shall be in a principal amount equal to such Revolving Credit Lender’s Ratable Portion of such Swing Loan, by paying to the Swing Loan Lender on the date on which such Revolving Credit Lender would
otherwise have been required to make a payment in respect of such Swing Loan pursuant to clause (d) above, in Same Day Funds, an amount equal to such Revolving Credit Lender’s Ratable Portion of such Swing Loan. If all or
part of such amount is not in fact made available by such Revolving Credit Lender to the Swing Loan Lender on such date, the Swing Loan Lender shall be entitled to recover any such unpaid amount on demand from such Revolving Credit Lender together
with interest accrued from such date at the Federal Funds Rate for the first Business Day after such payment was due and thereafter at the rate of interest then applicable to Base Rate Loans. 

(f)    From and after the date on which any Revolving Credit Lender (i) is deemed to have made a Revolving Loan
pursuant to clause (d) above with respect to any Swing Loan or (ii) purchases an undivided participation interest in a Swing Loan pursuant to clause (e) above, the Swing Loan Lender shall promptly
distribute to such Lender such Lender’s Ratable Portion of all payments of principal and interest received by the Swing Loan Lender on account of such Swing Loan other than those received from a Lender pursuant to clause
(d) or (e) above. 
 SECTION 2.4 Letters of Credit. 

(a)    On the terms and subject to the conditions contained herein, the Borrower may request that one or more Issuers
Issue, each Issuer agrees to issue, in accordance with such Issuer’s usual and customary business practices and for the account of the Borrower or a Restricted Subsidiary (provided that any Letter of Credit issued for the benefit of any
Restricted Subsidiary that is not the Borrower shall be issued naming the Borrower as the account party on any such Letter of Credit but such Letter of Credit may contain a statement that it is being issued for the benefit of such Restricted
Subsidiary), Letters of Credit (denominated in Dollars) from time to time on any Business Day during the period commencing on the Restatement Effective Date and ending on the earlier of the Revolving Credit Termination Date and five
(5) Business Days prior to the Scheduled Termination Date (or, if such day is not a Business Day, the next preceding Business Day), or such later date as agreed to by the Administrative Agent and the Issuers, in their sole discretion;
provided, however, that no Issuer shall be under any obligation to Issue (and, upon the occurrence of any of the events described in clauses (ii), (iii), (iv) and (v)(A) below, shall not Issue) any Letter of
Credit upon the occurrence of any of the following: 
 (i)    any order, judgment or decree of any
Governmental Authority or arbitrator having binding powers shall purport by its terms to enjoin or restrain such Issuer from Issuing such Letter of Credit or any Law applicable to such Issuer or any request or directive (whether or not having the
force of law) from any Governmental Authority with jurisdiction over such Issuer shall prohibit, or request that such Issuer refrain from, the Issuance of letters of credit generally or such Letter of Credit in particular or shall impose upon such
Issuer with respect to such Letter of Credit any restriction or reserve or capital requirement (for which such Issuer is not otherwise compensated) not in effect on the Effective Date or result in any unreimbursed loss, cost or expense that was not
applicable, 

  
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in effect or known to such Issuer as of the Effective Date and that such Issuer in good faith deems material to it (for which such Issuer is not otherwise compensated); 

(ii)    such Issuer shall have received any written notice of the type described in clause
(d) below; 
 (iii)    after giving effect to the Issuance of such Letter of Credit,
(A) the aggregate Revolving Credit Outstandings would exceed the Maximum Credit at such time, (B) the Revolving Credit Outstandings of any Lender would exceed such Lender’s Revolving Credit Commitment, (C) the Letter of Credit
Obligations would exceed $300,000,000 (the “L/C Sublimit”) or (D) the amount of the Revolving Credit Outstandings plus the Term Outstandings would exceed the Maximum Credit; 

(iv)    such Letter of Credit is requested to be denominated in any currency other than Dollars; 

(v)    (A) any fees due in connection with a requested Issuance have not been paid, (B) such Letter of
Credit is requested to be Issued in a form that is not acceptable to such Issuer or (C) the Issuer for such Letter of Credit shall not have received, in form and substance reasonably acceptable to it and, if applicable, duly executed by the
Borrower, applications, agreements and other documentation (collectively, a “Letter of Credit Reimbursement Agreement”) such Issuer generally employs in the ordinary course of its business for the Issuance of letters of credit of
the type of such Letter of Credit; 
 (vi)    any Lender is at that time a Defaulting Lender, unless
(i) after giving effect to the requested Issuance, there would exist no Fronting Exposure (in the good faith determination of the applicable Issuer) or (ii) the applicable Issuer has entered into arrangements, including the delivery of
Cash Collateral, satisfactory to the applicable Issuer (in its good faith determination) with the Borrower or such Lender to eliminate such Issuer’s actual or potential Fronting Exposure (after giving effect to Section
2.16(a)(iv)) with respect to the Defaulting Lender arising from either the Letter of Credit then proposed to be issued or any other Letter of Credit Obligations as to which such Issuer has actual or potential Fronting Exposure, as it may
elect in its sole discretion. 
 None of the Lenders (other than the Issuers in their capacity as such) shall have any obligation to Issue any Letter of
Credit. Any Letter of Credit which has been or deemed Issued hereunder may be amended at any time to reduce the amount outstanding thereunder. 

(b)    In no event shall the expiration date of any Letter of Credit occur (i) on any day other than a Business Day,
(ii) more than one (1) year after the date of issuance thereof, provided, however, that any Letter of Credit with a term less than or equal to one (1) year may provide for the renewal thereof for additional periods less
than or equal to one (1) year, as long as, (x) on or before the expiration of each such term and each such period, the Borrower and the Issuer of such Letter of Credit shall have the option to prevent such renewal and (y) neither such
Issuer nor the Borrower shall permit any such renewal to extend such expiration date beyond the date set forth in clause (iii) below (subject the exception contained therein) or (iii) later than five (5) Business Days prior to the
Scheduled Termination Date unless the Borrower agrees to and 

  
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delivers to the applicable Issuer on or prior to the date that occurs five (5) Business Days prior to the Scheduled Termination Date a letter of credit or letters of credit in form and
substance reasonably acceptable to the Administrative Agent and the applicable Issuer issued by a bank acceptable to the Administrative Agent and the applicable Issuer, in each case in their sole discretion, and/or Cash Collateral in an amount equal
to 101% of the maximum drawable amount of any such Letter of Credit. 
 (c)    In connection with the Issuance of each
Letter of Credit, the Borrower shall give the relevant Issuer and the Administrative Agent at least two (2) Business Days’ prior written notice, in substantially the form of Exhibit E (or in such other written or electronic form as
is acceptable to such Issuer), of the requested Issuance of such Letter of Credit (a “Letter of Credit Request”). Such notice shall specify the Issuer of such Letter of Credit, the face amount of the Letter of Credit requested, the
date on which such Letter of Credit is to expire (which date shall be a Business Day) and, in the case of an Issuance, the Person for whose benefit the requested Letter of Credit is to be Issued. Such notice, to be effective, must be received by the
relevant Issuer and the Administrative Agent not later than 2:00 p.m. on the last Business Day on which such notice can be given under the first sentence of this clause (c); provided that the relevant Issuer and the Administrative
Agent may agree in a particular instance in their sole discretion to a later time and date. 
 (d)    Subject to the
satisfaction of the conditions set forth in this Section 2.4, the relevant Issuer shall, on the requested date, Issue a Letter of Credit on behalf of the Borrower in accordance with such Issuer’s usual and customary
business practices. No Issuer shall Issue any Letter of Credit in the period commencing on the first Business Day after it receives written notice from the Administrative Agent that one or more of the conditions precedent contained in
Section 4.2 or clause (a) above (other than those conditions set forth in clauses (a)(i), (a)(v)(B) and (C) above and, to the extent such clause relates to fees owing to the
Issuer of such Letter of Credit and its Affiliates, clause (a)(v)(A) above) are not on such date satisfied or duly waived and ending when such conditions are satisfied or duly waived. No Issuer shall otherwise be required to determine that,
or take notice whether, the conditions precedent set forth in Section 4.2 have been satisfied in connection with the Issuance of any Letter of Credit. 

(e)    The Borrower agrees that, if requested by the Issuer of any Letter of Credit prior to the issuance of a Letter of
Credit, it shall execute a Letter of Credit Reimbursement Agreement in respect to any Letter of Credit Issued hereunder. In the event of any conflict between the terms of any Letter of Credit Reimbursement Agreement and this Agreement, the terms of
this Agreement shall govern. 
 (f)    Each Issuer shall comply with the following: 

(i)    give the Administrative Agent written notice (or telephonic notice confirmed promptly thereafter in
writing), which writing may be a telecopy or electronic mail, of the Issuance of any Letter of Credit Issued by it, all drawings under any Letter of Credit Issued by it and of the payment (or the failure to pay when due) by the Borrower of any
Reimbursement Obligation when due (which notice shall contain a reasonably detailed description of such Issuance, drawing or payment, and shall be transmitted by 

  
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telecopy, electronic mail or similar transmission by the Administrative Agent to each Revolving Credit Lender); 

(ii)    upon the request of the Administrative Agent or any Lender, furnish to the Administrative Agent or
such Lender copies of any Letter of Credit Reimbursement Agreement to which such Issuer is a party and such other documentation as may reasonably be requested by the Administrative Agent or such Lender; and 

(iii)    on the first Business Day of each calendar week, provide to the Administrative Agent (and the
Administrative Agent shall provide a copy to each Revolving Credit Lender requesting the same) and the Borrower separate schedules for Documentary Letters of Credit and Standby Letters of Credit issued by it, in form and substance reasonably
satisfactory to the Administrative Agent, setting forth the aggregate Letter of Credit Obligations outstanding at the end of the immediately preceding week, and any information requested by the Borrower or the Administrative Agent relating thereto.

 (g)    Immediately upon the issuance by an Issuer of a Letter of Credit in accordance with the terms and conditions
of this Agreement, such Issuer shall be deemed to have sold and transferred to each Revolving Credit Lender, and each Revolving Credit Lender shall be deemed irrevocably and unconditionally to have purchased and received from such Issuer, without
recourse or warranty, an undivided interest and participation, to the extent of such Revolving Credit Lender’s Ratable Portion, in such Letter of Credit and the obligations of the Borrower with respect thereto (including all Letter of Credit
Obligations with respect thereto) and any security therefor and guaranty pertaining thereto. 
 (h)    The Borrower
agrees to pay to the Issuer of any Letter of Credit, and, to the extent so financed, all Reimbursement Obligations owing to such Issuer under any Letter of Credit issued for its account no later than (x) on the same Business Day that the
Borrower receives written notice from such Issuer that payment has been made under such Letter of Credit in accordance with its terms if such notice is received by the Borrower by 11:00 a.m. and (y) on the next succeeding Business Day after
which the Borrower receives written notice from such Issuer that payment has been made under such Letter of Credit in accordance with its terms if such notice is received by the Borrower after 11:00 a.m. (such date described in clause
(x) or (y) above, the “Reimbursement Date”), irrespective of any claim, set-off, defense or other right that the Borrower may have at any time against such Issuer or any other Person. In the event that any
Issuer makes any payment under any Letter of Credit in accordance with its terms and the Borrower shall not have repaid such amount to such Issuer pursuant to this clause (h) (directly or by application of the deemed Loans described below in
this clause (h) or by virtue of the penultimate sentence of this clause (h)) or any such payment by the Borrower is rescinded or set aside for any reason, such Reimbursement Obligation shall be payable on demand with interest
thereon computed (i) from the date on which such Reimbursement Obligation arose to the Reimbursement Date, at the rate of interest applicable during such period to Base Rate Loans and (ii) from the Reimbursement Date until the date of
repayment in full, at the rate of interest applicable during such period to past due Loans that are Base Rate Loans, and such Issuer shall promptly notify the Administrative Agent, which shall promptly notify each Revolving Credit Lender of such
failure, and each Revolving Credit Lender shall promptly and unconditionally 

  
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pay to the Administrative Agent for the account of such Issuer the amount of such Revolving Credit Lender’s Ratable Portion of such payment in Same Day Funds. If the Administrative Agent so
notifies such Revolving Credit Lender prior to 11:00 a.m. on any Business Day, such Revolving Credit Lender shall make available to the Administrative Agent for the account of such Issuer its Ratable Portion of the amount of such payment on such
Business Day in Same Day Funds. Upon such payment by a Revolving Credit Lender, such Lender shall, except during the continuance of a Default or Event of Default under Section 10.1(f) and notwithstanding whether or not the
conditions precedent set forth in Section 4.2 shall have been satisfied (which conditions precedent the Revolving Credit Lenders hereby irrevocably waive), be deemed to have made a Revolving Loan to the Borrower in the
principal amount of such payment, provided that any such payment that is not deemed a Revolving Loan shall be deemed a funding by such Revolving Credit Lender of its participation in the applicable Letter of Credit and the Letter of Credit
Obligation in respect of the related Reimbursement Obligations. Whenever any Issuer receives from the Borrower a payment of a Reimbursement Obligation as to which the Administrative Agent has received for the account of such Issuer any payment from
a Revolving Credit Lender pursuant to this clause (h), such Issuer shall pay over to the Administrative Agent any amount received in excess of such Reimbursement Obligation and, upon receipt of such amount, the Administrative Agent shall
promptly pay over to each Revolving Credit Lender, in Same Day Funds, an amount equal to such Revolving Credit Lender’s Ratable Portion of the amount of such payment adjusted, if necessary, to reflect the respective amounts the Revolving Credit
Lender have paid in respect of such Reimbursement Obligation. (A) In the absence of written notice to the contrary from the Borrower, and subject to the other provisions of this Agreement (but without regard to the conditions to borrowing set
forth in Section 4.2), Reimbursement Obligations shall be financed when due with Swing Loans or Base Rate Loans, in each case to the Borrower and, to the extent so financed, the Borrower’s obligation to make such
payment shall be discharged and replaced by the resulting Base Rate Loan or Swing Loan, as the case may be, and (B) in the event that the Borrower has notified the Administrative Agent that it will not so finance any such payments, the Borrower
will make payment directly to the applicable Issuer when due. The Administrative Agent shall promptly remit the proceeds from any Revolving Loans or Swing Loans made pursuant to clause (A) above in reimbursement of a draw under a
Letter of Credit to the applicable Issuer. 
 (i)    Each Defaulting Lender that is a Revolving Credit Lender agrees to
pay to the Administrative Agent for the account of such Issuer forthwith on demand any such unpaid amount together with interest thereon, for the first Business Day after payment was first due at the Federal Funds Rate and, thereafter, until such
amount is repaid to the Administrative Agent for the account of such Issuer, at a rate per annum equal to the rate applicable to Base Rate Loans under the Revolving Credit Facility. 

(j)    The Borrower’s obligations to pay each Reimbursement Obligation and the obligations of the Revolving Credit
Lenders to make payments to the Administrative Agent for the account of the Issuers with respect to Letters of Credit shall be absolute, unconditional and irrevocable and shall be performed strictly in accordance with the terms of this Agreement,
under any and all circumstances whatsoever, including the occurrence of any Default or Event of Default, and irrespective of any of the following: 

  
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 (i)    any lack of validity or enforceability of any
Letter of Credit, any document transferring or purporting to transfer a Letter of Credit, or any Loan Document (including the sufficiency of any such instrument), or any term or provision therein or any modification to any provision of any of the
foregoing; 
 (ii)    any amendment or waiver of or any consent to departure from all or any of the
provisions of any Letter of Credit or any Loan Document; 
 (iii)    the existence of any claim, set-off,
abatement, recoupment, defense or other right that the Borrower, any other party guaranteeing, or otherwise obligated with, the Borrower, any Subsidiary or other Affiliate thereof or any other Person may at any time have against the beneficiary
under any Letter of Credit, any Issuer, the Administrative Agent or any Lender or any other Person, whether in connection with this Agreement, any other Loan Document or any other related or unrelated agreement or transaction or the existence of any
other withholding, abatement or reduction; 
 (iv)    any draft or other document presented under a
Letter of Credit being forged, fraudulent, invalid, insufficient or inaccurate in any respect; 

(v)    any loss or delay, including in the transmission of any document; 

(vi)    payment by the Issuer under a Letter of Credit against presentation of a draft or other document
that does not strictly comply, but that does substantially comply, with the terms of such Letter of Credit; 

(vii)    in the case of the obligations of any Revolving Credit Lender, any adverse change in the condition
(financial or otherwise) of any Loan Party; and 
 (viii)    any other act or omission to act or delay of
any kind of any Issuer, the Lenders, the Administrative Agent or any other Person or any other event or circumstance whatsoever, whether or not similar to any of the foregoing, that might, but for the provisions of this
Section 2.4, constitute a legal or equitable discharge of the Borrower’s or the Revolving Credit Lender’s obligations hereunder. 

Any action taken or omitted to be taken by the relevant Issuer under or in connection with any Letter of Credit, if taken or omitted in the absence of gross
negligence or willful misconduct, shall not result in any liability of such Issuer to the Borrower or any Revolving Credit Lender. In determining whether drafts and other documents presented under a Letter of Credit comply with the terms thereof,
the Issuers may accept documents that appear on their face to be in order, without responsibility for further investigation, regardless of any notice or information to the contrary and, in making any payment under any Letter of Credit, the Issuers
may rely exclusively on the documents presented to it under such Letter of Credit as to any and all matters set forth therein, including reliance on the amount of any draft presented under such Letter of Credit, whether or not the amount due to the
beneficiary thereunder equals the amount of such draft and whether or not any document presented pursuant to such Letter of Credit proves to be insufficient in any respect, if such document on its face appears to be in order, and whether or not any
other statement or any other document presented pursuant to such Letter of Credit proves to be forged or invalid or any statement therein proves to be inaccurate or untrue in any respect 

  
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whatsoever, and any noncompliance in any immaterial respect of the documents presented under such Letter of Credit with the terms thereof shall, in each case, be deemed not to constitute willful
misconduct or gross negligence of the applicable Issuer. 
 (k)    Applicability of ISP and UCP. Unless otherwise
expressly agreed by the relevant Issuer and the Borrower when a Letter of Credit is issued, (i) the rules of the ISP shall apply to each Standby Letter of Credit, and (ii) the rules of the Uniform Customs and Practice for Documentary
Credits, as most recently published by the International Chamber of Commerce at the time of issuance, shall apply to each Documentary Letter of Credit. 

(l)    Existing Letters of Credit. All Existing Letters of Credit shall be deemed to have been issued pursuant
hereto, and from and after the Restatement Effective Date shall be subject to and governed by the terms and conditions hereof. 

(m)    Banker’s Acceptances. The Administrative Agent, the Lenders, the Issuers and the Loan Parties hereby
acknowledge and agree that (a) each Issuer may from time to time in its discretion issue banker’s acceptances, bank guaranties, time deposits and similar instruments (collectively, “Banker’s Acceptances”) for the
account or benefit of the Borrower or any Subsidiary in connection with Documentary Letters of Credit issued under the Credit Agreement and (b) all such Banker’s Acceptances shall be treated as Documentary Letters of Credit for all
purposes of the Credit Agreement and shall constitute Obligations secured by all Collateral. 
 SECTION 2.5 Reduction and Termination of
the Revolving Credit Commitments. 
 The Borrower may, upon at least three (3) Business Days’ prior notice to the
Administrative Agent, terminate in whole or reduce in part ratably the unused portions of any Class of Revolving Credit Commitments of the Lenders without premium or penalty other than any amount required to be paid by the Borrower pursuant to
Section 3.5; provided, however, that each partial reduction shall be in an aggregate amount of not less than $1,000,000 or an integral multiple of $500,000 in excess thereof; provided, further, that no
reduction or termination of Revolving Credit Commitments having a later maturity shall be permitted on a greater than pro rata basis with commitments having an earlier maturity. Notwithstanding the foregoing, the Borrower may rescind or
postpone any notice of termination of the Revolving Credit Commitments if such termination would have resulted from a refinancing of all of the Revolving Credit Facility, which refinancing shall not be consummated or otherwise shall be delayed. 

SECTION 2.6 Repayment of Loans. 

(a)    Revolving Loans. The Borrower promises to repay to the Administrative Agent for the ratable account of each
Appropriate Lender under the Revolving Credit Facility the aggregate unpaid principal amount of all Revolving Loans (including any Letter of Credit Borrowings and Swing Loans) of such Lenders on the applicable Revolving Credit Termination Date or
earlier, if otherwise required by the terms hereof. 
 (b)    Term Loans. The Borrower promises to repay to the
Administrative Agent for the ratable account of each Appropriate Lender under the Term Facility the aggregate unpaid principal amount of all Term Loans of such Lenders on the applicable Term Loan Termination Date or earlier, if otherwise required by
the terms hereof. 

  
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 SECTION 2.7 Evidence of Indebtedness. 

(a)    The Loans made by each Lender shall be evidenced by one or more accounts or records maintained by such Lender and
evidenced by one or more entries in the Register maintained by the Administrative Agent, acting solely for purposes of Treasury Regulation Section 5f.103-1(c), as agent for the Borrower, in each case in the ordinary course of business. In the
event of any conflict between the accounts and records maintained by any Lender and the accounts and records of the Administrative Agent in respect of such matters, the accounts and records of the Administrative Agent shall control in the absence of
manifest error. 
 (b)    The entries made in the Register and in the accounts therein maintained pursuant to clause
(a) and Section 12.2 hereof shall, to the extent permitted by applicable law, be prima facie evidence (absent manifest error) (or, in the case of entries made by the Administrative Agent, conclusive evidence
(absent manifest error)) of the existence and amounts of the obligations recorded therein; provided, however, that the failure of any Lender or the Administrative Agent to maintain such accounts, the Register or any error therein shall
not in any manner affect the obligations of the Borrower to repay the Loans in accordance with their terms. 

(c)    Notwithstanding any other provision of the Agreement, in the event that any Lender requests that the Borrower
execute and deliver a promissory note or notes payable to such Lender in order to evidence the Indebtedness owing to such Lender by the Borrower hereunder, the Borrower shall promptly execute and deliver a Note or Notes to such Lender evidencing the
Loans of such Lender, substantially in the form of Exhibit B - 1, in the case of Revolving Credit Notes, or Exhibit B-2, in the case of Term Notes. Each Lender may attach schedules to its Note and endorse thereon the date, Type (if
applicable), amount and maturity of its Loans and payments with respect thereto; provided that the failure to do so shall in no way affect the obligations of the Borrower or any other Loan Party under any Loan Document. 

SECTION 2.8 Optional Prepayments. 

The Borrower may prepay the outstanding principal amount of the Loans and Swing Loans in whole or in part at any time without premium or
penalty; provided, however, that (a) if any prepayment of any Eurocurrency Rate Loan is made by the Borrower other than on the last day of an Interest Period for such Loan, the Borrower shall also pay any amount owing pursuant to
Section 3.5 and (b) no optional prepayment shall be made in respect of Term Loans under the Term Facility unless at such time or concurrently therewith (x) there shall be no Revolving Credit Outstandings and
(y) all Revolving Credit Commitments shall have been terminated. 
 SECTION 2.9 Mandatory Prepayments. 

(a)    If at any time, (x) the aggregate principal amount of Revolving Credit Outstandings exceeds the aggregate
Maximum Revolving Credit at such time or (y) the aggregate principal amount of Revolving Credit Outstandings plus the Term Outstandings exceed the aggregate Maximum Credit at such time, the Borrower shall, in each case, forthwith, upon
notification by the Administrative Agent, prepay the Swing Loans first and then the other Revolving Loans then outstanding in an amount equal to such excess. If any such excess remains after repayment in full of the aggregate outstanding
Swing Loans and the other 

  
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Revolving Loans, the Borrower shall Cash Collateralize the Letter of Credit Obligations in the manner set forth in Section 10.5 in an amount equal to 101% of such
excess. If any such excess remains after repayment in full of the aggregate outstanding Swing Loans and the other Revolving Loans and the Cash Collateralization of the Letter of Credit Obligations as provided above, the Borrower shall then prepay
the Term Loan then outstanding in an amount equal to such excess. 
 (b)    If (x) at any time during a Cash
Dominion Period or (y) in respect of any Disposition that would result in the occurrence of a Cash Dominion Period, any Loan Party or any of its Subsidiaries receives any Net Cash Proceeds arising from any Disposition in respect of any Current
Asset Collateral outside of the ordinary course of business, subject to the Intercreditor Agreement, the Borrower shall promptly (but in any event within five (5) Business Days of such receipt) prepay the Revolving Loans in an amount equal to
100% of such Net Cash Proceeds (and, to the extent such Net Cash Proceeds exceed the aggregate principal amount of Revolving Loans outstanding, Cash Collateralize Letters of Credit in an amount equal to up to 101% of the aggregate maximum drawable
amount of such Letters of Credit). 
 (c)    Subject to Section 3.5 hereof, all such payments
in respect of the Loans pursuant to this Section 2.9 shall be without premium or penalty. All interest accrued on the principal amount of the Loans paid pursuant to this Section 2.9 shall be paid,
or may be charged by the Administrative Agent to any loan account(s) of the Borrower, at the Administrative Agent’s option, on the date of such payment. Interest shall accrue and be due, until the next Business Day, if the amount so paid by the
Borrower to the bank account designated by the Administrative Agent for such purpose is received in such bank account after 3:00 p.m. 

(d)    At all times after the occurrence and during the continuance of Cash Dominion Period and notification thereof by
the Administrative Agent to the Borrower (subject to the provisions of Section 10.3 and to the terms of the Security Agreement), on each Business Day, at or before 1:00 p.m., the Agent shall apply all Same Day Funds
credited to the Concentration Account and all amounts received pursuant to Section 2.9(b), first to pay any fees or expense reimbursements then due to the Administrative Agent, the Issuers and the Lenders (other than
in connection with Cash Management Obligations, Obligations in respect of Secured Hedge Agreements or any Revolving Commitment Increases), pro rata, second to pay interest due and payable in respect of any Revolving Loans, Swing Loans
and any Protective Advances that may be outstanding, pro rata, third to prepay the principal of any Protective Advances that may be outstanding, pro rata, fourth to prepay the principal of the Revolving Loans, Swing Loans
and to Cash Collateralize outstanding Letter of Credit Obligations, pro rata, fifth to pay interest due and payable in respect of any Term Loans, pro rata, and sixth to the Borrower or such other Person entitled thereto
or as directed by a court of competent jurisdiction. 

  
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 SECTION 2.10 Interest. 

(a)    Rate of Interest. All Loans and the outstanding amount of all other Obligations owing under the Loan
Documents shall bear interest, in the case of any Class of Loans, on the unpaid principal amount thereof from the date such Loans are made and, in the case of such other Obligations, from the date such other Obligations are due and payable
until, in all cases, paid in full, except as otherwise provided in Section 4.1(k) or clause (c) below, as follows: 

(i)    if a Base Rate Revolving Loan, Swing Loan or such other Obligation (except as otherwise provided in
this Section 2.10(a)), at a rate per annum equal to the sum of (A) the Base Rate as in effect from time to time and (B) the Applicable Margin for Base Rate Revolving Loans; 

(ii)    if a Base Rate Term Loan, at a rate per annum equal to the sum of (A) the Base Rate as in
effect from time to time and (B) the Applicable Margin for Base Rate Term Loans; 
 (iii)    if a
Eurocurrency Rate Revolving Loan, at a rate per annum equal to the sum of (A) the Adjusted Eurocurrency Rate determined for the applicable Interest Period and (B) the Applicable Margin applicable to Eurocurrency Rate Revolving Loans in
effect from time to time during such Interest Period; and 
 (iv)    if a Eurocurrency Rate Term Loan, at
a rate per annum equal to the sum of (A) the Adjusted Eurocurrency Rate determined for the applicable Interest Period and (B) the Applicable Margin applicable to Eurocurrency Rate Term Loans in effect from time to time during such Interest
Period. 
 (b)    Interest Payments. (i) Interest accrued on each Base Rate Loan (other than Swing Loans)
shall be payable in arrears (A) on the first Business Day of each February, May, August and November, commencing on the first such day following the making of such Base Rate Loan and (B) if not previously paid in full, at maturity (whether
by acceleration or otherwise) of such Base Rate Loan, (ii) interest accrued on Swing Loans shall be payable in arrears on the first Business Day of each February, May, August and November, and, if not previously paid in full, at maturity
(whether by acceleration or otherwise), (iii) interest accrued on each Eurocurrency Rate Loan shall be payable in arrears (A) on the last day of each Interest Period applicable to such Loan and, if such Interest Period has a duration of more
than three (3) months, on each date during such Interest Period occurring every three (3) months from the first day of such Interest Period, (B) upon the payment or prepayment thereof in full or in part and (C) if not previously
paid in full, at maturity (whether by acceleration or otherwise) of such Eurocurrency Rate Loan and (iv) interest accrued on the amount of all other Obligations shall be payable on demand from and after the time such Obligation becomes due and
payable (whether by acceleration or otherwise). 
 (c)    Default Interest. The Borrower shall pay interest on
past due amounts at a fluctuating interest rate per annum at all times equal to the Default Rate to the fullest extent permitted by applicable Laws. Accrued and unpaid interest on past due amounts (including interest on past due interest) shall be
due and payable upon demand. 

  
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 SECTION 2.11 Conversion/Continuation Option. 

(a)    The Borrower may elect (i) at any time on any Business Day, to convert Base Rate Loans (other than Swing Loans)
or any portion thereof to Eurocurrency Rate Loans, and (ii) at the end of any applicable Interest Period, to convert Eurocurrency Rate Loans or any portion thereof into Base Rate Loans, or to continue such Eurocurrency Rate Loans or any portion
thereof for an additional Interest Period; provided, however, that the aggregate amount of the Eurocurrency Rate Loans for each Interest Period must be in the amount of at least $500,000 or an integral multiple of $100,000 in excess
thereof. Each conversion or continuation shall be allocated among the Loans of each Lender in accordance with such Lender’s Ratable Portion. Each such election shall be in substantially the form of Exhibit F (a “Notice of
Conversion or Continuation”) and shall be made by giving the Administrative Agent at least three (3) Business Days’ prior written notice specifying (A) the applicable Term Loans and/or Revolving Loans which are the subject of
such Notice of Conversion or Continuation, (B) the amount and Type of Loan being converted or continued, (C) in the case of a conversion to or a continuation of Eurocurrency Rate Loans, the applicable Interest Period and (D) in the
case of a conversion, the date of such conversion. 
 (b)    The Administrative Agent shall promptly notify each
Appropriate Lender of its receipt of a Notice of Conversion or Continuation and of the options selected therein. Notwithstanding the foregoing, the Administrative Agent or the Requisite Lenders may require by notice to the Borrower that no
conversion in whole or in part of Base Rate Loans to Eurocurrency Rate Loans, and no continuation in whole or in part of Eurocurrency Rate Loans upon the expiration of any applicable Interest Period shall be permitted at any time at which
(A) an Event of Default shall have occurred and be continuing or (B) the continuation of, or conversion into, a Eurocurrency Rate Loan would violate any provision of Section 2.14. If, within the time period
required under the terms of this Section 2.11, the Administrative Agent does not receive a Notice of Conversion or Continuation from the Borrower containing a permitted election to convert any such Loans, then, upon the
expiration of the applicable Interest Period, such Loans shall be automatically converted to Base Rate Loans. Each Notice of Conversion or Continuation shall be irrevocable. 

SECTION 2.12 Fees. 

(a)    Unused Commitment Fee. The Borrower agrees to pay in Same Day Funds in Dollars to the Administrative Agent
for the account of each Lender a commitment fee (the “Unused Commitment Fee”) on the average daily amount by which the Revolving Credit Commitment of such Lender exceeds such Lender’s Ratable Portion of the sum of (i) the
aggregate outstanding principal amount of Loans (excluding any outstanding Swing Loans) for the applicable Class and (ii) the outstanding amount of the aggregate Letter of Credit Undrawn Amounts from the Restatement Effective Date through
the Revolving Credit Termination Date at the Applicable Unused Commitment Fee Rate, payable in arrears (x) on the first Business Day of each February, May, August and November, commencing on the first such Business Day following the Restatement
Effective Date and (y) on the Revolving Credit Termination Date. 

  
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For the avoidance of doubt, any Swing Loans outstanding shall reduce the Revolving Credit Commitment of the Swing Loan Lender in its capacity as a Lender. 

(b)    Letter of Credit Fees. The Borrower agrees to pay the following amounts with respect to Letters of Credit
issued by any Issuer: 
 (i)    to the Administrative Agent for the account of each Issuer of a Letter of
Credit, with respect to each Letter of Credit issued by such Issuer, an issuance fee equal to 0.125% per annum of the average daily maximum undrawn face amount of such Letter of Credit for the immediately preceding calendar quarter (or portion
thereof), payable in arrears (A) on the first Business Day of each calendar quarter, commencing on the first such Business Day following the issuance of such Letter of Credit and (B) on the Revolving Credit Termination Date; 

(ii)     to the Administrative Agent for the ratable benefit of the Revolving Credit Lenders, with respect
to each Letter of Credit, a fee at a rate per annum equal to (x) in the case of each Standby Letter of Credit, the Applicable Margin for Eurocurrency Rate Revolving Loans and (y) in the case of each Documentary Letter of Credit, 50% of the
Applicable Margin for Eurocurrency Rate Revolving Loans (each such fee, a “Letter of Credit Fee”), in each case multiplied by the average daily maximum undrawn face amount of such Letter of Credit for the immediately preceding
calendar quarter (or portion thereof), payable in arrears (A) on the first Business Day of each calendar quarter, commencing on the first such Business Day following the issuance of such Letter of Credit and (B) on the Revolving Credit
Termination Date; provided, however, that any Letter of Credit Fees otherwise payable for the account of a Defaulting Lender with respect to any Letter of Credit as to which such Defaulting Lender has not provided Cash Collateral
satisfactory to the applicable Issuer pursuant to Section 2.4 shall be payable, to the maximum extent permitted by applicable Law, to the other Revolving Credit Lenders in accordance with the upward adjustments in their
respective Applicable Percentages allocable to such Letter of Credit pursuant to Section 2.16(a)(iv), with the balance of such fee, if any, payable to the applicable Issuer for its own account; and 

(iii)    to the Issuer of any Letter of Credit, with respect to the issuance, amendment or transfer of each
Letter of Credit and each drawing made thereunder, customary documentary and processing charges in accordance with such Issuer’s standard schedule for such charges in effect at the time of issuance, amendment, transfer or drawing, as the case
may be. 
 (c)    Additional Fees. The Borrower agrees to pay to the Administrative Agent and the Arrangers
additional fees, the amount and dates of payment of which are embodied in the Fee Letter. 
 SECTION 2.13 Payments and Computations.

 (a)    All payments to be made by the Borrower shall be made without condition or deduction for any counterclaim,
defense, recoupment or setoff. The Borrower shall make each payment and prepayment hereunder (including fees and expenses) not later than 2:00 p.m. on the 

  
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day when due to the Administrative Agent, for the account of the respective Lenders to which such payment is owed, at the Administrative Agent’s Office for payments and in Same Day Funds by
wire transfer or ACH transfer without condition or deduction for any defense, recoupment, set-off or counterclaim. The Administrative Agent will promptly distribute to each Lender its Pro Rata Share (or other applicable share as provided herein) of
such payment in like funds as received by wire transfer to such Lender’s Lending Office. All payments received by the Administrative Agent after 2:00 p.m. shall, in each case be deemed received on the next succeeding Business Day and any
applicable interest or fee shall continue to accrue. 
 (b)    All computations of interest for Base Rate Loans shall be
made on the basis of a year of 365 days or 366 days, as the case may be, and actual days elapsed. All other computations of fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more fees or
interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or
such portion is paid; provided that any Loan that is repaid on the same day on which it is made shall bear interest for one (1) day. Each determination by the Administrative Agent of an interest rate or fee hereunder shall be conclusive
and binding for all purposes, absent manifest error. 
 (c)    [reserved] 

(d)    Whenever any payment hereunder shall be stated to be due on a day other than a Business Day, the due date for such
payment shall be extended to the next succeeding Business Day, and such extension of time shall in such case be included in the computation of payment of interest or fees, as the case may be; provided, however, that if such extension
would cause payment of interest on or principal of any Eurocurrency Rate Loan to be made in the next calendar month, such payment shall be made on the immediately preceding Business Day. All repayments of any Loans shall be applied as follows:
first, to repay any such Loans outstanding as Base Rate Loans and then, to repay any such Loans outstanding as Eurocurrency Rate Loans , with those Eurocurrency Rate Loans having earlier expiring Interest Periods being repaid prior to
those having later expiring Interest Periods. 
 (e)    Unless the Administrative Agent shall have received notice from
the Borrower to the Lenders prior to the date on which any payment is due hereunder that the Borrower will not make such payment in full, the Administrative Agent may assume that the Borrower has made such payment in full to the Administrative Agent
on such date and the Administrative Agent may (but shall not be so required to), in reliance upon such assumption, cause to be distributed to each Appropriate Lender on such due date an amount equal to the amount then due such Lender. If and to the
extent that the Borrower shall not have made such payment to the Administrative Agent in Same Day Funds, then each such Lender shall repay to the Administrative Agent forthwith on demand the portion of such assumed payment that was made available to
such Lender in Same Day Funds, together with interest thereon in respect of each day from and including the date such amount was made available to such Lender to the date such amount is repaid to the Administrative Agent in Same Day Funds at the
greater of the Federal Funds Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation. 

  
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 (f)    Except for payments and other amounts received by the
Administrative Agent and applied in accordance with the provisions of Section 10.2(b) below (or required to be applied in accordance with Section 2.9), all payments and any other amounts received
by the Administrative Agent from or for the benefit of the Borrower shall be applied as follows: first, to pay principal of, and interest on, any portion of the Loans the Administrative Agent may have advanced pursuant to the express
provisions of this Agreement on behalf of any Lender, for which the Administrative Agent has not then been reimbursed by such Lender or the Borrower, second, to pay all other Obligations then due and payable and third, as the Borrower
so designates. Payments in respect of Swing Loans received by the Administrative Agent shall be distributed to the Swing Loan Lender; payments in respect of Loans received by the Administrative Agent shall be distributed to each Lender entitled
thereto in accordance with such Lender’s Ratable Portion thereof; and all payments of fees and all other payments in respect of any other Obligation shall be allocated among such of the Lenders and Issuers as are entitled thereto and, for such
payments allocated to the Lenders, in proportion to their respective Ratable Portions. 
 (g)    At the option of the
Administrative Agent, principal on the Swing Loans, Reimbursement Obligations, interest, fees, expenses and other sums due and payable in respect of the Loans and Protective Advances may be paid from the proceeds of Swing Loans (except that Swing
Loans may not be repaid with proceeds of new Swing Loans) or the Revolving Loans unless the Borrower makes such payments on the next succeeding Business Day after the Borrower receives written notice from the Administrative Agent requesting such
payments. The Borrower hereby authorizes the Swing Loan Lender to make such Swing Loans pursuant to Section 2.3(a) and the Lenders to make such Loans pursuant to Section 2.2(a) from time to time in
the amounts of any and all principal payable with respect to the Swing Loans, Reimbursement Obligations, interest, fees, expenses and other sums payable in respect of the Loans and Protective Advances, and further authorizes the Administrative Agent
to give the Lenders notice of any Borrowing with respect to such Swing Loans and the Revolving Loans and to distribute the proceeds of such Swing Loans and the Revolving Loans to pay such amounts. The Borrower agrees that all such Swing Loans and
the Revolving Loans so made shall be deemed to have been requested by it (irrespective of the satisfaction of the conditions in Section 4.2, which conditions the Lenders irrevocably waive) and directs that all proceeds
thereof shall be used to pay such amounts. 
 SECTION 2.14 Special Provisions Governing Eurocurrency Rate Loans. 

(a)    Determination of Interest Rate. 

The Adjusted Eurocurrency Rate for each Interest Period for Eurocurrency Rate Loans shall be determined by the Administrative Agent pursuant to
the procedures set forth in the definition of “Eurocurrency Rate”. The Administrative Agent’s determination shall be presumed to be correct and binding on the Loan Parties, absent manifest error. 

(b)    Interest Rate Unascertainable, Inadequate or Unfair. 

In the event that (i) the Administrative Agent reasonably determines that adequate and fair means do not exist for ascertaining the
applicable interest rates by reference to which the 

  
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Eurocurrency Rate then being determined is to be fixed or (ii) the Requisite Lenders reasonably determine and notify the Administrative Agent that the Eurocurrency Rate for any Interest
Period will not adequately reflect the cost to the Lenders of making or maintaining such Loans for such Interest Period, the Administrative Agent shall forthwith so notify the Borrower and the Lenders, whereupon each Eurocurrency Rate Loan shall
automatically, on the last day of the current Interest Period for such Loan, convert into a Base Rate Loan and the obligations of the Lenders to make Eurocurrency Rate Loans or to convert Base Rate Loans into Eurocurrency Rate Loans shall be
suspended until the Administrative Agent shall notify the Borrower that the Requisite Lenders have determined that the circumstances causing such suspension no longer exist. 

SECTION 2.15 Revolving Commitment Increase. 

(a)    The Borrower may at any time or from time to time after the Restatement Effective Date, by notice to the
Administrative Agent (whereupon the Administrative Agent shall promptly deliver a copy to each of the Revolving Credit Lenders), request one or more increases in the amount of any Class of Revolving Credit Commitments (each such increase, a
“Revolving Commitment Increase”); provided that upon the effectiveness of any Incremental Amendment referred to below, no Default or Event of Default shall exist. Each Revolving Commitment Increase shall be in an aggregate
principal amount that is not less than $25,000,000 (provided that such amount may be less than $25,000,000 if such amount represents all remaining availability under the limit set forth in the next sentence). Notwithstanding anything to the
contrary herein, the aggregate amount of the Revolving Commitment Increases shall not exceed $350,000,000 (the “Incremental Availability”). Each notice from the Borrower pursuant to this Section shall set forth the requested amount
and proposed terms of the relevant Revolving Commitment Increases. Revolving Commitment Increases may be provided by any existing Revolving Credit Lender (it being understood that no existing Revolving Credit Lender will have an obligation to
provide a portion of any Revolving Commitment Increase), in each case on terms permitted in this Section 2.15 and otherwise on terms reasonably acceptable to the Administrative Agent or by any other bank or other financial
institution or institutional lender or investor (any such other bank or other financial institution or institutional lender or investor being called an “Additional Revolving Credit Lender”), provided that the Administrative
Agent, each Issuer and the Swing Loan Lender shall have consented (in each case, such consent not to be unreasonably withheld) to such Revolving Credit Lender’s or Additional Revolving Credit Lender’s providing such Revolving Commitment
Increases if such consent by the Administrative Agent, the applicable Issuer and the Swing Loan Lender, as the case may be, would be required under Section 12.2(b) for an assignment of Revolving Loans or Revolving Credit
Commitments to such Lender or Additional Revolving Credit Lender. Revolving Credit Commitments in respect of Revolving Commitment Increases shall become Revolving Credit Commitments (or in the case of a Revolving Commitment Increase to be provided
by an existing Lender, an increase in such Lender’s applicable Revolving Credit Commitment) under this Agreement pursuant to an amendment (an “Incremental Amendment”) to this Agreement and, as appropriate, the other Loan
Documents, executed by Holdings, the Borrower, each Revolving Credit Lender agreeing to provide such Revolving Commitment Increase, if any, each Additional Revolving Credit Lender, if any, and the Administrative Agent. The Incremental Amendment may,
without the consent of any other Lenders, effect such amendments to this Agreement and the other Loan Documents as may be necessary or appropriate, in the reasonable opinion of the Administrative Agent and the Borrower, to effect the provisions of
this Section. The effectiveness of any 

  
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Incremental Amendment shall be subject to the satisfaction on the date thereof (each, an “Incremental Facility Effective Date”) of each of the conditions set forth in
Section 4.2 (it being understood that all references to “the date of such Loan or Issuance” or similar language in such Section 4.2 shall be deemed to refer to the effective date of such
Incremental Amendment), compliance with Section 8.5(b) and such other conditions as the parties thereto shall agree. Any Revolving Commitment Increase shall be documented as an increase to the Facility and shall be on terms
identical to those applicable to the Facility, except with respect to any commitment, arrangement, upfront or similar fees that may be agreed to among the Borrower and the lenders agreeing to participate in such Revolving Commitment Increase. The
Borrower shall use Revolving Commitment Increases for any purpose not prohibited by this Agreement. Upon each increase in the Revolving Credit Commitments pursuant to this Section 2.15, (x) each Lender of the applicable
Class immediately prior to such increase will automatically and without further act be deemed to have assigned to each Lender providing a portion of the Revolving Commitment Increase of the applicable Class (each a “Revolving Commitment
Increase Lender”) in respect of such increase, and each such Revolving Commitment Increase Lender will automatically and without further act be deemed to have assumed, a portion of such Lender’s participations hereunder in outstanding
Letters of Credit and Swing Loans such that, after giving effect to each such deemed assignment and assumption of participations, the percentage of the aggregate outstanding (i) participations hereunder in Letters of Credit,
(ii) participations hereunder in Swing Loans held by each Lender of the applicable Class and (iii) participations in Protective Advances held by each Lender of the applicable Class (including each such Revolving Commitment Increase
Lender) will equal the percentage of the aggregate Revolving Credit Commitments of all Lenders of such Class represented by such Lender’s Revolving Credit Commitment and (y) if, on the date of such increase, there are any Revolving
Loans of such Class outstanding, such Revolving Loans shall on or prior to the effectiveness of such Revolving Commitment Increase be prepaid from the proceeds of additional Revolving Loans of such Class made hereunder (reflecting such
increase in Revolving Credit Commitments of such Class), which prepayment shall be accompanied by accrued interest on the Revolving Loans of such Class being prepaid and any costs incurred by any Lender in accordance with
Section 3.5. The Administrative Agent and the Lenders hereby agree that the minimum borrowing, pro rata borrowing and pro rata payment requirements contained elsewhere in this Agreement shall not apply to the
transactions effected pursuant to the immediately preceding sentence. 
 (b)    This Section 2.15
shall supersede any provisions in Section 12.1 or Section 12.7 to the contrary. 

SECTION 2.16 Defaulting Lenders. 

(a)    Adjustments. Notwithstanding anything to the contrary contained in this Agreement, if any Lender becomes a
Defaulting Lender, then, until such time as that Lender is no longer a Defaulting Lender, to the extent permitted by applicable Law: 

(i)    Waivers and Amendments. That Defaulting Lender’s right to approve or disapprove
any amendment, waiver or consent with respect to this Agreement shall be restricted as set forth in Section 12.1. 

  
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 (ii)    Reallocation of Payments. Any payment of
principal, interest, fees or other amounts received by the Administrative Agent for the account of that Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Article X or otherwise, and including any amounts made
available to the Administrative Agent by that Defaulting Lender pursuant to Section 12.6), shall be applied at such time or times as may be determined by the Administrative Agent as follows: first, to the payment of
any amounts owing by that Defaulting Lender to the Administrative Agent hereunder; second, to the payment on a pro rata basis of any amounts owing by that Defaulting Lender to any Issuer or the Swing Loan Lender hereunder;
third, if so determined by the Administrative Agent or requested by any Issuer or the Swing Loan Lender, to be held as cash collateral for future funding obligations of that Defaulting Lender of any participation in any Swing Loan or Letter
of Credit; fourth, as the Borrower may request (so long as no Default or Event of Default exists), to the funding of any Loan in respect of which that Defaulting Lender has failed to fund its portion thereof as required by this Agreement, as
determined by the Administrative Agent; fifth, if so determined by the Administrative Agent and the Borrower, to be held in a non-interest bearing deposit account and released in order to satisfy obligations of that Defaulting Lender to fund
Loans under this Agreement; sixth, to the payment of any amounts owing to the Lenders, any Issuer or the Swing Loan Lender as a result of any judgment of a court of competent jurisdiction obtained by any Lender, any Issuer or the Swing Loan
Lender against that Defaulting Lender as a result of that Defaulting Lender’s breach of its obligations under this Agreement; seventh, so long as no Default or Event of Default exists, to the payment of any amounts owing to the Borrower
as a result of any judgment of a court of competent jurisdiction obtained by the Borrower against that Defaulting Lender as a result of that Defaulting Lender’s breach of its obligations under this Agreement; and eighth, to that
Defaulting Lender or as otherwise directed by a court of competent jurisdiction; provided that if (x) such payment is a payment of the principal amount of any Loans or Letter of Credit Borrowings in respect of which that Defaulting
Lender has not fully funded its appropriate share and (y) such Loans or Letter of Credit Borrowings were made at a time when the conditions set forth in Section 4.2 were satisfied or waived, such payment shall be
applied solely to pay the Loans of, and Letter of Credit Borrowings owed to, all non-Defaulting Lenders on a pro rata basis prior to being applied to the payment of any Loans of, or Letter of Credit Borrowings owed to, that Defaulting Lender.
Any payments, prepayments or other amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting Lender or to post cash collateral pursuant to this Section 2.16(a)(ii) shall
be deemed paid to and redirected by that Defaulting Lender, and each Lender irrevocably consents hereto. 

(iii)    Certain Fees. That Defaulting Lender (x) shall not be entitled to receive any
commitment fee pursuant to Section 2.12(a) for any period during which that Lender is a Defaulting Lender (and the Borrower shall not be required to pay any such fee that otherwise would have been required to have been paid
to that Defaulting Lender for such period) and (y) shall be limited in its right to receive Letter of Credit Fees as provided in Section 2.12(b). 

(iv)    Reallocation of Applicable Percentages to Reduce Fronting Exposure. During any period in
which there is a Defaulting Lender, for purposes of computing the 

  
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amount of the obligation of each non-Defaulting Lender to acquire, refinance or fund participations in Letters of Credit or Swing Loans pursuant to Sections 2.3 and 2.4, the
“Applicable Percentage” of each non-Defaulting Lender shall be computed without giving effect to the Revolving Credit Commitment of that Defaulting Lender; provided that (i) each such reallocation shall be given effect
only if, at the date the applicable Lender becomes a Defaulting Lender, no Default or Event of Default exists; and (ii) the aggregate obligation of each non-Defaulting Lender to acquire, refinance or fund participations in Letters of Credit and
Swing Loans shall not exceed the positive difference, if any, of (1) the Revolving Credit Commitment of that non-Defaulting Lender minus (2) the Revolving Credit Exposure of that Lender. 

(b)    Defaulting Lender Cure. If the Borrower, the Administrative Agent, Swing Loan Lender and the Issuers agree
in writing in their sole discretion that a Defaulting Lender should no longer be deemed to be a Defaulting Lender, the Administrative Agent will so notify the parties hereto, whereupon as of the effective date specified in such notice and subject to
any conditions set forth therein (which may include arrangements with respect to any Cash Collateral), that Lender will, to the extent applicable, purchase that portion of outstanding Loans of the other Lenders or take such other actions as the
Administrative Agent may determine to be necessary to cause the Revolving Loans and funded and unfunded participations in Letters of Credit and Swing Loans to be held on a pro rata basis by the Lenders in accordance with their Applicable
Percentages (without giving effect to Section 2.16(a)(iv)), whereupon that Lender will cease to be a Defaulting Lender; provided that no adjustments will be made retroactively with respect to fees accrued or payments
made by or on behalf of the Borrower for the period that such Lender was a Defaulting Lender; and provided further that except to the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Lender to
Lender will constitute a waiver or release of any claim of any party hereunder arising from that Lender’s having been a Defaulting Lender. 

(c)    Cash Collateral. At any time that there shall exist a Defaulting Lender, immediately upon the request of the
Administrative Agent, the applicable Issuer or the Swing Loan Lender, the Borrower shall deliver to the Administrative Agent Cash Collateral in an amount sufficient to cover all Fronting Exposure (after giving effect to
Section 2.16(a)(iv) and any Cash Collateral provided by the Defaulting Lender). 
 SECTION 2.17 Extensions of
Revolving Loans. 
 (a)    Request for Extended Revolving Credit Commitments. The Borrower may at any time and
from time to time, upon written request to and the consent of the Administrative Agent (each, a “Revolving Extension Request”), request that an aggregate principal amount of not less than $50,000,000 of the then existing Revolving
Credit Commitments of a given Class (each, an “Existing Revolver Tranche”) be amended to, among other things, extend the applicable Scheduled Termination Date with respect thereto to a date that is no earlier than the then Latest
Maturity Date of any other Commitment or Loan hereunder (any such Revolving Credit Commitments so amended, “Extended Revolving Credit Commitments”); provided that (i) any such Extended Revolving Credit Commitments (and
the Liens securing the same) shall be permitted by the terms of the Intercreditor Agreements (to the extent any Intercreditor Agreement is then in effect), (ii) after giving effect to any Extended Revolving Credit 

  
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Commitment under this Section 2.17 and any Extended Term Loans under Section 2.18(a), there shall be no more than five (5) Classes of
Loans and Commitments outstanding at any time and (iii) any such Extended Revolving Credit Commitments shall be offered on the same terms (including as to the proposed interest rates and fees) to each Revolving Credit Lender under the
applicable Existing Revolver Tranche on a ratable basis. Promptly after receipt of any Revolving Extension Request, the Administrative Agent shall provide a copy of such request to each of the Revolving Credit Lenders under the applicable
Existing Revolver Tranche to be amended, which request shall set forth the proposed terms (which shall be determined in consultation with the Administrative Agent) of the Extended Revolving Credit Commitments to be established. At the time of
sending such notice, the Borrower (in consultation with the Administrative Agent) shall specify the time period within which each applicable Revolving Credit Lender is requested to respond to such request (which shall in no event be less than five
(5) Business Days (or such shorter period as may be agreed by the Administrative Agent) from the date of delivery of such notice to such Revolving Credit Lenders) and shall agree to such procedures, if any, as may be established by, or
acceptable to, the Administrative Agent, in each case acting reasonably, to accomplish the purposes of this Section 2.17. 

(b)    Election to Extend. Any Revolving Credit Lender wishing to have all or a portion of its Revolving Credit
Commitments under the Existing Revolving Tranche amended into Extended Revolving Credit Commitments (each, an “Extending Revolving Credit Lender”) pursuant to a Revolving Extension Request shall notify the Administrative Agent on or
prior to the date specified in such Revolving Extension Request of the amount of its Revolving Credit Commitments it has elected to be amended (subject to any minimum denomination requirements imposed by the Administrative Agent). No Revolving
Credit Lender shall have any obligation to agree to provide any Extended Revolving Credit Commitment pursuant to any Revolving Extension Request. Any Revolving Credit Lender not responding within such time period shall be deemed to have declined to
have its Revolving Credit Commitments under the Existing Revolver Tranche amended into Extended Revolving Credit Commitments. The Administrative Agent shall notify the Borrower and each Revolving Credit Lender under the applicable Existing Revolver
Tranche of responses to such Revolving Extension Request. In the event that the aggregate principal amount of existing Revolving Credit Commitments that the Extending Revolving Credit Lenders have elected to amend pursuant to the relevant Revolving
Extension Request exceeds the amount of Extended Revolving Credit Commitments requested by the Borrower, the principal amount of Extended Revolving Credit Commitments requested by the Borrower shall be allocated to each Extending Revolving Credit
Lender in such manner and in such amounts as may be agreed by Administrative Agent and the Borrower, in their sole discretion. 

(c)    New Revolving Commitment Lenders. Following any Revolving Extension Request made by the Borrower in
accordance with Sections 2.17(a) and 2.17(b), if the Revolving Credit Lenders under the applicable Existing Revolver Tranche shall have declined to provide the entire amount of Extended Revolving Credit Commitments requested by the
Borrower, the Borrower may request that other banks, financial institutions or other institutional lenders or investors who are willing to provide an Extended Revolving Credit Commitment hereunder (each a “New Revolving Commitment
Lender”) become a Revolving Credit Lender pursuant to a joinder agreement in form and substance reasonably satisfactory to the Administrative Agent and its counsel; provided that (i) the Extended Revolving Credit Commitments of
such New 

  
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 Revolving Commitment Lenders with respect to a relevant Revolving Extension Request shall (A) not
exceed the amount necessary to achieve the requested amount of Extended Revolving Credit Commitments under such Revolving Extension Request and (B) be on identical terms as those offered to the existing Revolving Credit Lenders under the
applicable Existing Revolver Tranche and (ii) prior to the effectiveness of any Extended Revolving Credit Commitment of any New Revolving Commitment Lender, the Administrative Agent, each Issuer and/or the Swing Loan Lender shall have consented
(such consent not to be unreasonably withheld) to each New Revolving Commitment Lender if such consent would be required under Section 12.2(b)(iii) for an assignment of Revolving Credit Commitments to such Person. Upon
effectiveness of the Revolving Extension Amendment to which each such New Revolving Commitment Lender is a party (a) each Revolving Credit Lender (under the relevant Existing Revolver Tranche) who shall have declined to provide at least its
Ratable Portion of the requested Extended Revolving Credit Commitments will be deemed automatically and without any further act to have assigned to the New Revolving Commitment Lenders such portion of its existing Revolving Credit Commitment
(including all Revolving Loans, participations in Letters of Credit and Swing Loans related thereto) in a principal amount up to such Ratable Portion it so declined to provide, in each case, as specified in the relevant Revolving Extension Amendment
(it being understood that, subject to the foregoing limitations, the final allocation of any such assignment of Revolving Credit Commitments shall be made in such manner and in such amounts as may be agreed by Administrative Agent and the Borrower,
in their sole discretion, provided that in no event shall the aggregate amount of Revolving Credit Commitments deemed assigned pursuant to this Section 2.17 exceed the aggregate amount of Extended Revolving Credit
Commitments of all New Revolving Commitment Lenders), (b) (i) each New Revolving Commitment Lender shall automatically and without any further act be deemed to have assumed, the existing Revolving Credit Commitments (including all Revolving
Loans, participations in Letters of Credit and Swing Loans related thereto) so assigned in an amount equal to its proposed Extended Revolving Credit Commitment and (ii) all such assumed existing Revolving Credit Commitments shall concurrently
therewith be amended into Extended Revolving Credit Commitments such that, (x) the Extended Revolving Credit Commitments of New Revolving Commitment Lenders will be incorporated hereunder in the same manner in which Extended Revolving Credit
Commitments of the Extending Revolving Credit Lenders are incorporated hereunder pursuant to this Section 2.17 and (y) participations hereunder in Letters of Credit and Swing Loans held by each Revolving Credit Lender
of each Class of Revolving Credit Commitments (including each such New Revolving Commitment Lender and its Extended Revolving Credit Commitment) will equal Applicable Percentage represented by such Revolving Credit Lender’s Revolving
Credit Commitment, and (c) each Revolving Credit Lender that shall be deemed to have assigned any portion of its existing Revolving Credit Commitments to any New Revolving Commitment Lender shall have received payment of an amount equal to the
outstanding principal of the Revolving Loans and funded participations in Letter of Credit and Swing Loans so assigned together with accrued interest and fees thereon (including any amounts under Section 3.5) from such New
Revolving Commitment Lender. 
 (d)    Revolving Extension Amendment. Extended Revolving Credit Commitments shall
be established pursuant to an amendment (each, a “Revolving Extension Amendment”) to this Agreement among the Borrower, the Administrative Agent and each Extending Revolving Credit Lender and each New Revolving Commitment Lender, if
any, providing an Extended Revolving Credit Commitment thereunder, which shall be consistent with the provisions set forth 

  
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in Sections 2.17(a), (b), (c) and (e) (but which shall not require the consent of any other Lender). The effectiveness of any Revolving Extension Amendment shall be subject
to the satisfaction on the date thereof of each of the conditions set forth in Sections 4.2(a) and (b) and compliance with Section 8.5(b) and, to the extent reasonably requested by the Administrative Agent, receipt by
the Administrative Agent of (i) legal opinions, board resolutions and officers’ certificates substantially consistent with those delivered on the Effective Date and otherwise in form and substance reasonably satisfactory to the
Administrative Agent and (ii) reaffirmation agreements and/or such amendments to the Collateral Documents as may be reasonably requested by the Administrative Agent in order to ensure that the Extended Revolving Credit Commitments are provided
with the benefit of the applicable Loan Documents. The Administrative Agent shall promptly notify each Revolving Credit Lender as to the effectiveness of each Revolving Extension Amendment and the matters specified therein. Each of the parties
hereto hereby agrees that this Agreement and the other Loan Documents may be amended pursuant to a Revolving Extension Amendment, without the consent of any other Lender, to the extent (but only to the extent) necessary to (i) reflect the
existence and terms of the Extended Revolving Credit Commitments incurred pursuant thereto, and (ii) effect such other amendments to this Agreement and the other Loan Documents as may be necessary or appropriate, in the reasonable opinion of
the Administrative Agent and the Borrower, to effect the provisions of this Section, in each case, in a manner consistent with the terms of this Section 2.17 and the Requisite Lenders hereby expressly authorize the
Administrative Agent to enter into any such Revolving Extension Amendment. 
 (e)    Terms of Extended Revolving
Credit Commitments. Except as expressly provided herein, all Extended Revolving Credit Commitments effected pursuant to any Revolving Extension Request and Revolving Extension Amendment shall be subject to the same terms (including, without
limitation, borrowing terms, interest terms and payment terms), and shall be subject to the same conditions as the then existing Revolving Credit Commitments (it being understood that customary arrangement or commitment fees payable to one or more
Arrangers (or their Affiliates) or one or more Extending Revolving Credit Lenders and/or New Revolving Commitment Lenders, as the case may be, may be different than those paid with respect to the existing Revolving Credit Lenders under the then
existing Revolving Credit Commitments on or prior to the Restatement Effective Date or with respect to any other Extending Revolving Credit Lenders and/or New Revolving Commitment Lenders in connection with any other Extended Revolving Credit
Commitments effected pursuant to this Section 2.17); provided, however, that at the election of the Borrower (in consultation with the Administrative Agent), the Borrower may offer to effect Extended Revolving
Credit Commitments with (i) interest and fees at different rates applicable solely with respect to such Extended Revolving Credit Commitments (and related outstandings) and (ii) such other covenants and terms which apply to any period
after the Latest Maturity Date that is in effect on the effective date of the Revolving Extension Amendment related thereto (immediately prior to the establishment of such Extended Revolving Credit Commitments). After giving effect to any Extended
Revolving Credit Commitment, all borrowings under the Revolving Credit Commitments (including any such Extended Revolving Credit Commitment) and repayments thereunder shall be made on a pro rata basis (except for (x) any payments of
interest and fees at different rates on any Revolving Extension Series (and related outstandings) and (y) repayments required upon the applicable Revolving Credit Termination Date of other Revolving Credit Commitments). 

  
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 (f)    Revolving Extension Series. Any Extended Revolving Credit
Commitments effected pursuant to a Revolving Extension Request shall be designated a series (each, a “Revolving Extension Series”) of Extended Revolving Credit Commitments for all purposes of this Agreement; provided that any
Extended Revolving Credit Commitments effected from an Existing Revolver Tranche may, to the extent provided in the applicable Revolving Extension Amendment, be designated as an increase in any previously established Revolving Extension Series with
respect to such Existing Revolver Tranche. 
 (g)    No Prepayment. No conversion of Revolving Loans pursuant to
any Revolving Extension Amendment in accordance with this Section 2.17 shall constitute a voluntary or mandatory payment or prepayment for purposes of this Agreement. 

SECTION 2.18 Extension of Term Loans. 

(a)    Request for Extended Term Loans. The Borrower may at any time and from time to time, upon written request to
and the consent of the Administrative Agent (each, a “Term Extension Request”), request that an aggregate principal amount of not less than $20,000,000 of the then existing Term Loans of a given Class (each, an “Existing
Term Tranche”) be amended to, among other things, extend the applicable Scheduled Termination Date with respect thereto to a date that is no earlier than the then Latest Maturity Date of any other Commitment or Loan hereunder (any such Term
Loans so amended, “Extended Term Loans”); provided that (i) any such Extended Term Loans (and the Liens securing the same) shall be permitted by the terms of the Intercreditor Agreement (to the extent the Intercreditor
Agreement is then in effect), (ii) after giving effect to any Extended Term Loans under this Section 2.18 and Extended Revolving Credit Commitment under Section 2.17, there shall be no more than
five (5) Classes of Loans and Commitments outstanding at any time and (iii) any such Extended Term Loans shall be offered on the same terms (including as to the proposed interest rates and fees) to each Term Lender under the applicable
Existing Term Tranche on a ratable basis. Promptly after receipt of any Term Extension Request, the Administrative Agent shall provide a copy of such request to each of the Term Lenders under the applicable Existing Term Tranche to be
amended, which request shall set forth the proposed terms (which shall be determined in consultation with the Administrative Agent) of the Extended Term Loans to be established. At the time of sending such notice, the Borrower (in consultation with
the Administrative Agent) shall specify the time period within which each applicable Term Lender is requested to respond to such request (which shall in no event be less than five (5) Business Days (or such shorter period as may be agreed by
the Administrative Agent) from the date of delivery of such notice to such Term Lenders) and shall agree to such procedures, if any, as may be established by, or acceptable to, the Administrative Agent, in each case acting reasonably, to accomplish
the purposes of this Section 2.18. 
 (b)    Election to Extend. Any Term Lender wishing to have
all or a portion of its Term Loans under the Existing Term Tranche amended into Extended Term Loans (each, an “Extending Term Lender”) pursuant to a Term Extension Request shall notify the Administrative Agent on or prior to the
date specified in such Term Extension Request of the amount of its Term Loans it has elected to be amended (subject to any minimum denomination requirements imposed by the Administrative Agent). No Term Lender shall have any obligation to agree to
provide any Extended Term Loan pursuant to any Term Extension Request. Any Term Lender 

  
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not responding within such time period shall be deemed to have declined to have its Term Loans under the Existing Term Tranche amended into Extended Term Loans. The Administrative Agent shall
notify the Borrower and each Term Lender under the applicable Existing Term Tranche of responses to such Term Extension Request. In the event that the aggregate principal amount of existing Term Loans that the Extending Term Lenders have elected to
amend pursuant to the relevant Term Extension Request exceeds the amount of Extended Term Loans requested by the Borrower, the principal amount of Extended Term Loans requested by the Borrower shall be allocated to each Extending Term Lender in such
manner and in such amounts as may be agreed by Administrative Agent and the Borrower, in their sole discretion. 

(c)    New Term Lenders. Following any Term Extension Request made by the Borrower in accordance with Sections
2.18(a) and 2.18(b), if the Term Lenders under the applicable Existing Term Tranche shall have declined to provide the entire amount of Extended Term Loans requested by the Borrower, the Borrower may request that other banks, financial
institutions or other institutional lenders or investors who are willing to provide an Extended Term Loans hereunder (each a “New Term Lender”) become a Term Lender pursuant to a joinder agreement in form and substance reasonably
satisfactory to the Administrative Agent and its counsel; provided that (i) the Extended Term Loans of such New Term Lenders with respect to a relevant Term Extension Request shall (A) not exceed the amount necessary to achieve the
requested amount of Extended Term Loans under such Term Extension Request and (B) be on identical terms as those offered to the existing Term Lenders under the applicable Existing Term Tranche and (ii) prior to the effectiveness of any
Extended Term Loans of any New Term Lender, the Administrative Agent, each Issuer and/or the Swing Loan Lender shall have consented (such consent not to be unreasonably withheld) to each New Term Lender if such consent would be required under
Section 12.2(b)(iii) for an assignment of Term Loans to such Person. Upon effectiveness of the Term Extension Amendment to which each such New Term Lender is a party (a) each Term Lender (under the relevant Existing
Term Tranche) who shall have declined to provide at least its Ratable Portion of the requested Extended Term Loans will be deemed automatically and without any further act to have assigned to the New Term Lenders such portion of its existing Term
Loans in a principal amount up to such Ratable Portion it so declined to provide, in each case, as specified in the relevant Term Extension Amendment (it being understood that, subject to the foregoing limitations, the final allocation of any such
assignment of Term Loans shall be made in such manner and in such amounts as may be agreed by Administrative Agent and the Borrower, in their sole discretion, provided that in no event shall the aggregate amount of Term Loans deemed assigned
pursuant to this Section 2.18 exceed the aggregate amount of Extended Term Loans of all New Term Lenders), (b) (i) each New Term Lender shall automatically and without any further act be deemed to have assumed, the
existing Term Loans so assigned in an amount equal to its proposed Extended Term Loans and (ii) all such assumed existing Term Loans shall concurrently therewith be amended into Extended Term Loans such that, the Extended Term Loans of New Term
Lenders will be incorporated hereunder in the same manner in which Extended Term Loans of the Extending Term Lenders are incorporated hereunder pursuant to this Section 2.18, and (c) each Term Lender that shall be
deemed to have assigned any portion of its existing Term Loans to any New Term Lender shall have received payment of an amount equal to the outstanding principal of the Term Loans so assigned together with accrued interest and fees, if any, thereon
(including any amounts under Section 3.5) from such New Term Lender. 

  
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 (d)    Term Extension Amendment. Extended Term Loans shall be
established pursuant to an amendment (each, a “Term Extension Amendment”) to this Agreement among the Borrower, the Administrative Agent and each Extending Term Lender and each New Term Lender, if any, providing an Extended Term
Loan thereunder, which shall be consistent with the provisions set forth in Sections 2.18(a), (b), (c) and (e) (but which shall not require the consent of any other Lender). The effectiveness of any Term Extension Amendment
shall be subject to the satisfaction on the date thereof of each of the conditions set forth in Sections 4.2(a) and (b) and compliance with Section 8.5(b) and, to the extent reasonably requested by the
Administrative Agent, receipt by the Administrative Agent of (i) legal opinions, board resolutions and officers’ certificates substantially consistent with those delivered on the Restatement Effective Date and otherwise in form and
substance reasonably satisfactory to the Administrative Agent and (ii) reaffirmation agreements and/or such amendments to the Collateral Documents as may be reasonably requested by the Administrative Agent in order to ensure that the Extended
Term Loans are provided with the benefit of the applicable Loan Documents. The Administrative Agent shall promptly notify each Term Lender as to the effectiveness of each Term Extension Amendment and the matters specified therein. Each of the
parties hereto hereby agrees that this Agreement and the other Loan Documents may be amended pursuant to a Term Extension Amendment, without the consent of any other Lender, to the extent (but only to the extent) necessary to (i) reflect the
existence and terms of the Extended Term Loans incurred pursuant thereto, and (ii) effect such other amendments to this Agreement and the other Loan Documents as may be necessary or appropriate, in the reasonable opinion of the Administrative
Agent and the Borrower, to effect the provisions of this Section, in each case, in a manner consistent with the terms of this Section 2.18 and the Requisite Lenders hereby expressly authorize the Administrative Agent to
enter into any such Term Extension Amendment. 
 (e)    Terms of Extended Term Loans. Except as expressly
provided herein, all Extended Term Loans effected pursuant to any Term Extension Request and Term Extension Amendment shall be subject to the same terms (including, without limitation, interest terms and payment terms), and shall be subject to the
same conditions as the then existing Term Loans (it being understood that customary arrangement or upfront fees payable to one or more Arrangers (or their Affiliates) or one or more Extending Term Lenders and/or New Term Lenders, as the case may be,
may be different than those paid with respect to the existing Term Lenders under the then existing Term Loans on or prior to the Restatement Effective Date or with respect to any other Extending Term Lenders and/or New Term Lenders in connection
with any other Extended Term Loans effected pursuant to this Section 2.18); provided, however, that at the election of the Borrower (in consultation with the Administrative Agent), the Borrower may offer to
effect Extended Term Loans with (i) interest and fees at different rates applicable solely with respect to such Extended Term Loans and (ii) such other covenants and terms which apply to any period after the Latest Maturity Date that is in
effect on the effective date of the Term Extension Amendment related thereto (immediately prior to the establishment of such Extended Term Loans). After giving effect to any Extended Term Loans, all payments on Term Loans shall be made on a pro
rata basis (except for (x) any payments of interest and fees at different rates on any Term Extension Series and (y) repayments required upon the applicable Term Loan Termination Date of other Term Loans). 

(f)    Term Extension Series. Any Extended Term Loans effected pursuant to a Term Extension Request shall be
designated a series (each, a “Term Extension Series”) of Extended 

  
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Term Loans for all purposes of this Agreement; provided that any Extended Term Loans effected from an Existing Term Tranche may, to the extent provided in the applicable Term Extension
Amendment, be designated as an increase in any previously established Term Extension Series with respect to such Existing Term Tranche. 

(g)    No Prepayment. No conversion of Term Loans pursuant to any Term Extension Amendment in accordance with this
Section 2.18 shall constitute a voluntary or mandatory payment or prepayment for purposes of this Agreement. 

ARTICLE III 
 TAXES,
INCREASED COSTS PROTECTION AND ILLEGALITY 
 SECTION 3.1 Taxes. 

(a)    Except as required by law, any and all payments by the Borrower (the term “Borrower” under this
Article III being deemed to include any Subsidiary for whose account a Letter of Credit is issued) or any Guarantor to or for the account of any Agent or any Lender (with the term “Lender” under this Article III being
deemed to include an Issuer) under any Loan Document shall be made free and clear of and without deduction for any and all present or future taxes, duties, levies, imposts, deductions, assessments, fees, withholdings or similar charges imposed by
any Governmental Authority, and all liabilities (including additions to tax, penalties and interest) with respect thereto, excluding, in the case of each Agent and each Lender, (i) taxes imposed on or measured by net income (however
denominated, and including branch profits and similar taxes), and franchise or similar taxes, imposed by the United States, the jurisdiction under the laws of which it is organized or in which its principal office is located or, in the case of any
Lender, in which its applicable lending office is located, (ii) taxes imposed by reason of any connection between such Agent or Lender and any taxing jurisdiction other than a connection arising solely by executing or entering into any Loan
Document, receiving payments thereunder or having been a party to, performed its obligations under, or enforced, any Loan Documents, (iii) subject to Section 3.1(e), any U.S. federal tax that is (or would be) required
to be withheld with respect to amounts payable hereunder in respect of an Eligible Assignee (pursuant to an assignment under Section 12.2) on the date it becomes an Eligible Assignee to the extent such tax is in excess of
the tax that would have been applicable had such assigning Lender not assigned its interest arising under any Loan Document (unless such assignment is at the express written request of the Borrower), (iv) any U.S. federal withholding taxes imposed
as a result of the failure of any Agent or Lender to comply with the provisions of Sections 3.1(b) and 3.1(c) (in the case of any Foreign Lender, as defined below) or the provisions of Section 3.1(d) (in the
case of any U.S. Lender, as defined below), (v) any taxes imposed on any amount payable to or for the account of any Agent or Lender as a result of the failure of such recipient to satisfy the applicable requirements under FATCA, to establish that
such payment is exempt from withholding under FATCA, (vi) amounts excluded pursuant to Section 3.1(e) hereto, and (vii) additions to tax, penalties and interest on the foregoing amounts in clauses (i) through
(vi) (all such non-excluded taxes, duties, levies, imposts, deductions, assessments, fees, withholdings or similar charges and liabilities being hereinafter referred to as “Taxes”). If the Borrower or a Guarantor is required to
deduct any Taxes or Other Taxes (as defined below) from or in respect of any sum payable under any Loan Document to any Agent or any Lender, (i) the sum payable 

  
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shall be increased as necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section 3.1(a)), each
of such Agent and such Lender receives an amount equal to the sum it would have received had no such deductions been made, (ii) the Borrower or Guarantor shall make such deductions, (iii) the Borrower or Guarantor shall pay the full amount
deducted to the relevant taxing authority, and (iv) within thirty (30) days after the date of such payment (or, if receipts or evidence are not available within thirty (30) days, as soon as practicable thereafter), the Borrower or
Guarantor shall furnish to such Agent or Lender (as the case may be) the original or a facsimile copy of a receipt evidencing payment thereof to the extent such a receipt has been made available to the Borrower or Guarantor (or other evidence of
payment reasonably satisfactory to the Administrative Agent). If the Borrower or Guarantor fails to pay any Taxes or Other Taxes when due to the appropriate taxing authority or fails to remit to any Agent or any Lender the required receipts or other
required documentary evidence that has been made available to the Borrower or Guarantor, the Borrower or Guarantor shall indemnify such Agent and such Lender for any incremental Taxes that may become payable by such Agent or such Lender arising out
of such failure. 
 (b)    To the extent it is legally able to do so, each Agent or Lender (including an Eligible
Assignee to which a Lender assigns its interest in accordance with Section 12.2, unless such Eligible Assignee is already a Lender hereunder) that is not a “United States person” within the meaning of
Section 7701(a)(30) of the Code (each, a “Foreign Lender”) agrees to complete and deliver to the Borrower and the Administrative Agent on or prior to the date on which the Foreign Lender becomes a party hereto, two
(2) accurate, complete and original signed copies of whichever of the following is applicable: (i) IRS Form W-8BEN-E certifying that it is entitled to benefits under an income tax treaty to which the United States is a party; (ii) IRS
Form W-8ECI certifying that the income receivable pursuant to any Loan Document is effectively connected with the conduct of a trade or business in the United States; (iii) if the Foreign Lender is not (A) a bank described in
Section 881(c)(3)(A) of the Code, (B) a 10-percent shareholder described in Section 871(h)(3)(B) of the Code, or (C) a controlled foreign corporation related to the Borrower within the meaning of Section 864(d) of the Code,
a certificate to that effect in substantially the form attached hereto as Exhibit O (a “Non-Bank Certificate”) and an IRS Form W-8BEN-E, certifying that the Foreign Lender is not a United States person; (iv) to the
extent a Foreign Lender is not the beneficial owner for U.S. federal income tax purposes, IRS Form W-8IMY (or any successor forms) of the Foreign Lender, accompanied by, as and to the extent applicable, a Form W-8BEN-E, Form W-8ECI, Non-Bank
Certificate, Form W-9, Form W-8IMY (or other successor forms) and any other required supporting information from each beneficial owner (it being understood that a Foreign Lender need not provide certificates or supporting documentation from
beneficial owners if (x) the Foreign Lender is a “qualified intermediary” or “withholding foreign partnership” for U.S. federal income tax purposes and (y) such Foreign Lender is as a result able to establish, and does
establish, that payments to such Foreign Lender are, to the extent applicable, entitled to an exemption from or, if an exemption is not available, a reduction in the rate of, U.S. federal withholding taxes without providing such certificates or
supporting documentation); or (v) any other form prescribed by applicable requirements of U.S. federal income tax law as a basis for claiming exemption from or a reduction in U.S. federal withholding tax, duly completed, together with such
supplementary documentation as may be prescribed by applicable requirements of law to permit the Borrower and the Administrative Agent to determine the withholding or deduction required to be made. 

  
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 (c)    (i) In addition, each such Foreign Lender shall, to the extent it
is legally entitled to do so, (i) promptly submit to the Borrower and the Administrative Agent two (2) accurate, complete and original signed copies of such other or additional forms or certificates (or such successor forms or certificates
as shall be adopted from time to time by the relevant taxing authorities) as may then be applicable or available to secure an exemption from or reduction in the rate of U.S. federal withholding tax (A) on or before the date that such Foreign
Lender’s most recently delivered form, certificate or other evidence expires or becomes obsolete or inaccurate in any material respect, (B) after the occurrence of a change in the Foreign Lender’s circumstances requiring a change in
the most recent form, certificate or evidence previously delivered by it to the Borrower and the Administrative Agent, and (C) from time to time thereafter if reasonably requested by the Borrower or the Administrative Agent, and
(ii) promptly notify the Borrower and the Administrative Agent of any change in the Foreign Lender’s circumstances which would modify or render invalid any claimed exemption or reduction. This clause (c)(i) shall not apply to any reporting
requirements under FATCA. 
 (ii)    If a payment made to a Foreign Lender under any Loan Document would be subject to
U.S. federal withholding tax imposed by FATCA if such Foreign Lender were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Foreign
Lender shall deliver to the Borrower and the Administrative Agent at the time or times prescribed by law and at such time or times reasonably requested by the Borrower or the Administrative Agent such documentation prescribed by applicable law
(including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by the Borrower or the Administrative Agent as may be necessary for the Borrower and the Administrative Agent to comply
with their obligations under FATCA and to determine that such Foreign Lender has complied with such Foreign Lender’s obligations under FATCA or to determine the amount to deduct and withhold from such payment. Solely for purposes of this clause
(ii), “FATCA” shall include any amendments made to FATCA after the Restatement Effective Date. 
 (d)    Each
Agent or Lender that is a “United States person” (within the meaning of Section 7701(a)(30) of the Code) (each a “U.S. Lender”) agrees to complete and deliver to the Borrower and the Administrative Agent two
(2) original copies of accurate, complete and signed IRS Form W-9 or successor form certifying that such U.S. Lender is not subject to United States backup withholding tax (i) on or prior to the Restatement Effective Date (or on or prior
to the date it becomes a party to this Agreement), (ii) on or before the date that such form expires or becomes obsolete or inaccurate in any material respect, (iii) after the occurrence of a change in the U.S. Lender’s circumstances
requiring a change in the most recent form previously delivered by it to the Borrower and the Administrative Agent, and (iv) from time to time thereafter if reasonably requested by the Borrower or the Administrative Agent. 

(e)    Notwithstanding anything else herein to the contrary (but subject to the succeeding sentence), if a Lender,
Eligible Assignee or Agent is subject to any U.S. federal tax that is (or would be) required to be withheld with respect to amounts payable hereunder at a rate in excess of zero percent at the time such Lender, Eligible Assignee or Agent becomes a
party to this Agreement or otherwise acquires an interest in the Loan, or pursuant to a law or other legal requirement in effect at such time (including a law with a delayed effective date), such tax (including additions to tax, penalties and
interest imposed with respect to such tax) shall be 

  
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considered excluded from Taxes (unless and until such time as such Lender, Eligible Assignee or Agent subsequently provides forms and certifications that establish to the reasonable satisfaction
of Borrower and the Administrative Agent that such Lender, Eligible Assignee or Agent is subject to a lower rate of tax, at which time tax at such lower rate (including additions to tax, penalties and interest imposed with respect to such tax) shall
be considered so excluded for periods during which such forms and certifications remain valid and are sufficient, under the law in effect at the time such forms and certifications are provided (including any law with a delayed effective date) to
establish that such Lender, Eligible Assignee or Agent is subject to such lower rate of tax) except, in the case of an Eligible Assignee, to the extent the Lender’s assignor was entitled to additional amounts or indemnity payments immediately
prior to the assignment (unless such assignment is made at the express written request of the Borrower). Further, to the extent that any Lender, Eligible Assignee or Agent becomes subject to taxes subsequent to the Effective Date (or, if later, the
date such Lender, Eligible Assignee or Agent becomes a party to this Agreement or otherwise acquires an interest in the Loan) solely as a result of a change in the place of organization or place of doing business of such Lender, Eligible Assignee or
Agent (or any applicable beneficial owner), a change in the Lending Office of such Lender or Eligible Assignee (or any applicable beneficial owner) (other than at the written request of the Borrower to change such Lending Office), a change that
results in such Lender or Eligible Assignee (or any applicable beneficial owner) being described in clauses (A), (B) or (C) of Section 3.1(b)(iii) or otherwise as a result of any change in
the circumstances of such Lender, Eligible Assignee or Agent, other than a Change in Law, occurring after the date that such Lender, Eligible Assignee or Agent becomes a party to this Agreement or otherwise acquires an interest in the Loan, such tax
(including additions to tax, penalties and interest imposed with respect to such tax) shall be considered excluded from Taxes. 

(f)    The Borrower agrees to pay any and all present or future stamp, excise (in the nature of a documentary or similar
tax), court or documentary taxes and any other property, intangible, filing or mortgage recording taxes or charges or similar levies imposed by any Governmental Authority which arise from any payment made under any Loan Document or from the
execution, delivery, performance, enforcement or registration of, or otherwise with respect to, any Loan Document (including additions to tax, penalties and interest related thereto) excluding, in each case, such amounts imposed in connection with
an Assignment and Assumption, grant of a Participation, transfer or assignment to or designation of a new applicable Lending Office or other office for receiving payments under any Loan Document, except to the extent that any such change is
requested in writing by the Borrower (all such non-excluded taxes described in this Section 3.1(f) being hereinafter referred to as “Other Taxes”). 

(g)    If any Taxes or Other Taxes are directly asserted against any Agent or Lender with respect to any payment received
by such Agent or Lender in respect of any Loan Document, such Agent or Lender may pay such Taxes or Other Taxes and the Borrower will promptly indemnify and hold harmless such Agent or Lender for the full amount of such Taxes and Other Taxes (and
any Taxes and Other Taxes imposed on amounts payable under this Section 3.1), and any reasonable expenses arising therefrom or with respect thereto, whether or not such Taxes or Other Taxes were correctly or legally imposed
or asserted. Payments under this Section 3.1(g) shall be made within ten (10) days after the date Borrower receives written demand for payment from such Agent or Lender. 

  
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 (h)    A Participant shall not be entitled to receive any greater
payment under Section 3.1 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such Participant is made with the
Borrower’s prior written consent. 
 (i)    If the Borrower determines in good faith that a reasonable basis exists
for contesting any taxes for which indemnification has been demanded or additional amounts have been payable hereunder, the relevant Lender or the relevant Agent, as applicable, shall cooperate with the Borrower in a reasonable challenge of such
taxes if so requested by the Borrower, provided that (a) such Lender or Agent determines in its reasonable discretion that it would not be prejudiced by cooperating in such challenge, (b) the Borrower pays all related expenses of such
Agent or Lender and (c) the Borrower indemnifies such Lender or Agent for any liabilities or other costs incurred by such party in connection with such challenge. 

(j)    If any Agent or any Lender determines, in its sole discretion, exercised in good faith, that it has received a
refund in respect of any Taxes or Other Taxes as to which it has been indemnified by the Borrower or any Guarantor, as the case may be, or with respect to which the Borrower or any Guarantor, as the case may be, has paid additional amounts pursuant
to this Section 3.1, it shall promptly remit such refund (but only to the extent of indemnity payments made, or additional amounts paid, by the Borrower or Holdings, as the case may be under this
Section 3.1 with respect to the Taxes or Other Taxes giving rise to such refund), net of all reasonable out-of-pocket expenses incurred by the Administrative Agent or such Lender and without interest (other than any
interest paid by the relevant Governmental Authority with respect to such refund), provided that the Borrower or Holdings, as the case may be, upon the request of the Administrative Agent or such Lender, agrees to repay the amount paid over to the
Borrower or Holdings, as the case may be (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) to the Administrative Agent or such Lender in the event the Administrative Agent or such Lender is required to
repay such refund to such Governmental Authority. The Administrative Agent or such Lender, as the case may be, shall provide the Borrower with a copy of any notice of assessment or other evidence reasonably available of the requirement to repay such
refund received from the relevant Governmental Authority (provided that such Lender or the Administrative Agent may delete any information therein that such Lender or the Administrative Agent deems confidential or not relevant to such refund
in its reasonable discretion). This subsection shall not be construed to require the Administrative Agent or any Lender to make available its tax returns (or any other information relating to its taxes that it reasonably deems confidential) to the
Borrower, any Guarantor or any other Person. 
 (k)    Each Lender agrees that, upon the occurrence of any event giving
rise to the operation of Section 3.1(a) or (g) with respect to such Lender, it will, if requested by the Borrower in writing, use commercially reasonable efforts (subject to legal and regulatory
restrictions) to mitigate the effect of any such event, including by designating another Lending Office for any Loan affected by such event and by completing and delivering or filing any tax- related forms which such Lender is legally able to
deliver and which would reduce or eliminate any amount of Taxes or Other Taxes required to be deducted or withheld or paid by the Borrower; provided that such efforts are made at the Borrower’s expense and on terms that, in the
reasonable judgment of such Lender, do not cause such Lender and its Lending Office(s) to suffer any economic, legal or regulatory disadvantage, and provided further that nothing in this 

  
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Section 3.1(k) shall affect or postpone any of the Obligations of the Borrower or the rights of such Lender pursuant to Section 3.1(a) or (g). 

(l)    Notwithstanding any other provision of this Agreement, the Borrower and the Administrative Agent may deduct and
withhold any taxes required by any Laws to be deducted and withheld from any payment under any of the Loan Documents, subject to the provisions of this Section 3.1. 

(m)    With respect to any Lender or Issuer’s claim for compensation under this Section 3.1, the
Borrower shall not be required to compensate such Lender or Issuer for any amount incurred unless such Lender or Issuer notifies the Borrower of the event that gives rise to such claim following knowledge of such event. 

(n)    The agreements in this Section 3.1 shall survive the termination of this Agreement and
the payment of the Loans and all other amounts payable hereunder. 
 (o)    For purposes of determining withholding
Taxes imposed under the FATCA, from and after the Restatement Effective Date, the Borrower and the Administrative Agent shall treat (and the Lenders hereby authorize the Administrative Agent to treat) the Agreement and the Loans as not qualifying as
a “grandfathered obligation” within the meaning of Treasury Regulation Section 1.1471-2(b)(2)(i). 

SECTION 3.2 Illegality. 

If any Lender reasonably determines that any Law has made it unlawful, or that any Governmental Authority has asserted that it is unlawful, for
any Lender or its applicable Lending Office to make, maintain or fund Loans whose interest is determined by reference to the Eurocurrency Rate, or to determine or charge interest rates based upon the Eurocurrency Rate or Adjusted Eurocurrency Rate,
or any Governmental Authority has imposed material restrictions on the authority of such Lender to purchase or sell, or to take deposits of, Dollars in the London interbank market, then, on notice thereof by such Lender to the Borrower through the
Administrative Agent, (i) any obligation of such Lender to make or continue Eurocurrency Rate Loans or to convert Base Rate Loans to Eurocurrency Rate Loans shall be suspended, and (ii) if such notice asserts the illegality of such Lender
making or maintaining Base Rate Loans the interest rate on which is determined by reference to the Adjusted Eurocurrency Rate component of the Base Rate, the interest rate on which Base Rate Loans of such Lender shall, if necessary to avoid such
illegality, be determined by the Administrative Agent without reference to the Adjusted Eurocurrency Rate component of the Base Rate, in each case until such Lender notifies the Administrative Agent and the Borrower that the circumstances giving
rise to such determination no longer exist. Upon receipt of such notice, (x) the Borrower may revoke any pending request for a Borrowing of, conversion to or continuation of Eurocurrency Rate Loans, and shall, upon demand from such Lender (with
a copy to the Administrative Agent), prepay or, if applicable, convert all Eurocurrency Rate Loans of such Lender to Base Rate Loans (and the interest rate on which Base Rate Loans of such Lender shall, if necessary to avoid such illegality, be
determined by the Administrative Agent without reference to the Adjusted Eurocurrency Rate component of the Base Rate), either on the last day of the Interest Period therefor, if such Lender may lawfully continue to maintain such Eurocurrency Rate
Loans to such day, or immediately, if 

  
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such Lender may not lawfully continue to maintain such Eurocurrency Rate Loans, and (y) if such notice asserts the illegality of such Lender determining or charging interest rates based upon
the Adjusted Eurocurrency Rate component of the Base Rate with respect to any Base Rate Loans, the Administrative Agent shall during the period of such suspension compute the Base Rate applicable to such Lender without reference to the Adjusted
Eurocurrency Rate component thereof until the Administrative Agent is advised in writing by such Lender that it is no longer illegal for such Lender to determine or charge interest rates based upon the Eurocurrency Rate. Upon any such prepayment or
conversion, the Borrower shall also pay accrued interest on the amount so prepaid or converted. 
 SECTION 3.3 Inability to Determine
Rates. 
 If the Requisite Lenders reasonably determine that for any reason in connection with any request for a Eurocurrency Rate Loan
or a conversion to or continuation thereof that (a) deposits in Dollars are not being offered to banks in the London interbank market for the applicable amount and Interest Period of such Eurocurrency Rate Loan, (b) adequate and reasonable
means do not exist for determining the Eurocurrency Rate for any requested Interest Period with respect to a proposed Eurocurrency Rate Loan or in connection with an existing or proposed Base Rate Loan, or (c) the Eurocurrency Rate for any
requested Interest Period with respect to a proposed Eurocurrency Rate Loan does not adequately and fairly reflect the cost to such Lenders of funding such Loan, the Administrative Agent will promptly so notify the Borrower and each Lender.
Thereafter, (x) the obligation of the Lenders to make or maintain Eurocurrency Rate Loans shall be suspended, and (y) in the event of a determination described in the preceding sentence with respect to the Adjusted Eurocurrency Rate
component of the Base Rate, the utilization of the Adjusted Eurocurrency Rate component in determining the Base Rate shall be suspended, in each case until the Administrative Agent (upon the instruction of the Requisite Lenders) revokes such notice.
Upon receipt of such notice, the Borrower may revoke any pending request for a Borrowing of, conversion to or continuation of Eurocurrency Rate Loans, or, failing that, will be deemed to have converted such request into a request for a Borrowing of
Base Rate Loans, in the amount specified therein. 
 SECTION 3.4 Increased Cost and Reduced Return; Capital Adequacy; Reserves on
Eurocurrency Rate Loans. 
 (a)    Increased Costs Generally. If any Change in Law shall: 

(i)    impose, modify or deem applicable any reserve, special deposit, compulsory loan, insurance charge or
similar requirement against assets of, deposits with or for the account of, or credit extended or participated in by, any Lender or any Issuer; 

(ii)    subject any Lender or any Issuer to any tax of any kind whatsoever with respect to this Agreement,
any Letter of Credit, any participation in a Letter of Credit or any Eurocurrency Rate Loan made by it, or change the basis of taxation of payments to such Lender or the Issuer in respect thereof (except, in each case, for Taxes covered by
Section 3.1 and any taxes and other amounts described in clauses (i) and (iii) through (vii) of the first sentence of Section 3.1(a) that are imposed with
respect to payments for or on 

  
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account of any Agent or any Lender under any Loan Document, and except for Other Taxes); or 

(iii)    impose on any Lender or any Issuer or the London interbank market any other condition, cost or
expense affecting this Agreement or Eurocurrency Rate Loans made by such Lender or any Letter of Credit or participation therein, in each case that is not otherwise accounted for in the definition of Adjusted Eurocurrency Rate or this clause
(a); 
 and the result of any of the foregoing shall be to increase the cost to such Lender of making or maintaining any Loan the interest on which is
determined by reference to the Eurocurrency Rate (or of maintaining its obligation to make any such Loan), or to increase the cost to such Lender or such Issuer of participating in, issuing or maintaining any Letter of Credit (or of maintaining its
obligation to participate in or to issue any Letter of Credit), or to reduce the amount of any sum received or receivable by such Lender or Issuer hereunder (whether of principal, interest or any other amount) then, from time to time within fifteen
(15) days after demand by such Lender or Issuer setting forth in reasonable detail such increased costs (with a copy of such demand to the Administrative Agent), the Borrower will pay to such Lender or Issuer, as the case may be, such
additional amount or amounts as will compensate such Lender or Issuer, as the case may be, for such additional costs incurred or reduction suffered. 

(b)    Capital Requirements. If any Lender or any Issuer reasonably determines that any Change in Law affecting
such Lender or such Issuer or any Lending Office of such Lender or such Lender’s or such Issuer’s holding company, if any, regarding capital or liquidity requirements has or would have the effect of reducing the rate of return on such
Lender’s or such Issuer’s capital or on the capital of such Lender’s or such Issuer’s holding company, if any, as a consequence of this Agreement, the Commitments of such Lender or the Loans made by, or participations in Letters
of Credit held by, such Lender, or the Letters of Credit issued by such Issuer, to a level below that which such Lender or such Issuer or such Lender’s or such Issuer’s holding company could have achieved but for such Change in Law (taking
into consideration such Lender’s or such Issuer’s policies and the policies of such Lender’s or such Issuer’s holding company with respect to capital adequacy or liquidity requirements), then from time to time upon demand of such
Lender or such Issuer setting forth in reasonable detail the charge and the calculation of such reduced rate of return (with a copy of such demand to the Administrative Agent), the Borrower will pay to such Lender or such Issuer, as the case may be,
such additional amount or amounts as will compensate such Lender or such Issuer or such Lender’s or such Issuer’s holding company for any such reduction suffered. 

(c)    Certificates for Reimbursement. A certificate of a Lender or an Issuer setting forth the amount or amounts
necessary to compensate such Lender or such Issuer or its holding company, as the case may be, as specified in subsection (a) or (b) of this Section 3.4 and delivered to the Borrower shall be
conclusive absent manifest error. The Borrower shall pay such Lender or such Issuer, as the case may be, the amount shown as due on any such certificate within ten (10) days after receipt thereof. 

(d)    Delay in Requests. Failure or delay on the part of any Lender or any Issuer to demand compensation pursuant
to the foregoing provisions of this Section 3.4 shall not constitute 

  
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a waiver of such Lender’s or such Issuer’s right to demand such compensation, provided that the Borrower shall not be required to compensate a Lender or an Issuer pursuant to the
foregoing provisions of this Section 3.4 for any increased costs incurred or reductions suffered more than one hundred and eighty (180) days prior to the date that such Lender or such Issuer, as the case may be,
notifies the Borrower of the Change in Law giving rise to such increased costs or reductions and of such Lender’s or such Issuer’s intention to claim compensation therefor (except that, if the Change in Law giving rise to such increased
costs or reductions is retroactive, then the 180-day period referred to above shall be extended to include the period of retroactive effect thereof). 

(e)    Without duplication of any reserves specified in the definition of “Eurocurrency Rate”, the Borrower
shall pay to each Lender, as long as such Lender shall be required to comply with any reserve ratio requirement or analogous requirement of any central banking or financial regulatory authority imposed in respect of the maintenance of the Aggregate
Commitments or the funding of the Eurocurrency Rate Loans, such additional costs (expressed as a percentage per annum and rounded upwards, if necessary, to the nearest five decimal places) equal to the actual costs allocated to such Commitment or
Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive absent manifest error), which shall be due and payable on each date on which interest is payable on such Loan, provided the Company shall have
received at least fifteen (15) days’ prior notice (with a copy to the Administrative Agent) of such additional costs from such Lender. If a Lender fails to give notice fifteen (15) days prior to the relevant interest payment date,
such additional costs shall be due and payable fifteen (15) days from receipt of such notice. 
 SECTION 3.5 Funding Losses.

 Upon written demand of any Lender (with a copy to the Administrative Agent) from time to time, which demand shall set forth in reasonable
detail the basis for requesting such amount, the Borrower shall promptly compensate such Lender for and hold such Lender harmless from any loss, cost or expense (other than any costs and expenses representing internal administrative charges of a
Lender, to the extent such Lender has not suffered any loss or expense (x) by reason of the liquidation or redeployment of funds obtained by it to maintain an applicable Loan or (y) from fees payable to terminate the deposits from which
such funds were obtained with respect to an applicable Loan) incurred by it as a result of: 
 (a)    any continuation,
conversion, payment or prepayment of any Loan other than a Base Rate Loan on a day prior to the last day of the Interest Period for such Loan (whether voluntary, mandatory, automatic, by reason of acceleration, or otherwise); 

(b)    any failure by the Borrower (for a reason other than the failure of such Lender to make a Loan) to prepay, borrow,
continue or convert any Loan other than a Base Rate Loan on the date or in the amount notified by the Borrower; or 

(c)    any assignment of a Eurocurrency Rate Loan on a day prior to the last day of the Interest Period therefor as a
result of a request by the Borrower pursuant to Section 3.7; 

  
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including any loss or expense (excluding loss of anticipated profits or margin) actually incurred by reason of the liquidation or reemployment of funds obtained by it to maintain such Loan or
from fees payable to terminate the deposits from which such funds were obtained. 
 SECTION 3.6 Matters Applicable to All Requests for
Compensation. 
 (a)    Designation of a Different Lending Office. If any Lender requests compensation under
Section 3.4, or the Borrower is required to pay any additional amount to any Lender, any Issuer, or any Governmental Authority for the account of any Lender or any Issuer pursuant to Section 3.1,
or if any Lender gives a notice pursuant to Section 3.2, then such Lender or such Issuer shall, as applicable, use reasonable efforts to designate a different Lending Office for funding or booking its Loans hereunder or to
assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the judgment of such Lender or such Issuer, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to
Section 3.1 or 3.4, as the case may be, in the future, or eliminate the need for the notice pursuant to Section 3.2, as applicable, and (ii) in each case, would not subject such Lender
or such Issuer, as the case may be, to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender or such Issuer, as the case may be in any material economic, legal or regulatory respect. 

(b)    Suspension of Lender Obligations. If any Lender requests compensation by the Borrower under
Section 3.4, the Borrower may, by notice to such Lender (with a copy to the Administrative Agent), suspend the obligation of such Lender to make or continue Eurocurrency Rate Loans from one Interest Period to another
Interest Period, or to convert Base Rate Loans into Eurocurrency Rate Loans, until the event or condition giving rise to such request ceases to be in effect (in which case the provisions of Section 3.6(c) shall be
applicable); provided that such suspension shall not affect the right of such Lender to receive the compensation so requested. 

(c)    Conversion of Eurocurrency Rate Loans. If any Lender gives notice to the Borrower (with a copy to the
Administrative Agent) that the circumstances specified in Sections 3.2, 3.3 or 3.4 hereof that gave rise to the conversion of such Lender’s Eurocurrency Rate Loans no longer exist (which such Lender agrees to do promptly
upon such circumstances ceasing to exist) at a time when Eurocurrency Rate Loans made by other Lenders are outstanding, such Lender’s Base Rate Loans shall be automatically converted, on the first day(s) of the next succeeding Interest
Period(s) for such outstanding Eurocurrency Rate Loans, to the extent necessary so that, after giving effect thereto, all Loans of a given Class held by the Lenders of such Class holding Eurocurrency Rate Loans and by such Lender are held
pro rata (as to principal amounts, interest rate basis, and Interest Periods) in accordance with their respective Pro Rata Shares. 

SECTION 3.7 Replacement of Lenders under Certain Circumstances. 

If (i) any Lender requests compensation under Section 3.4 or ceases to make Eurocurrency Rate Loans as a result
of any condition described in Section 3.2 or Section 3.4, (ii) the Borrower is required to pay any Taxes or additional amounts to any Lender or any Governmental Authority for the account of any
Lender pursuant to Section 3.1, (iii) any Lender 

  
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is a Non-Consenting Lender or (iv) any other circumstance exists hereunder that gives the Borrower the right to replace a Lender as a party hereto, then the Borrower may, at its sole expense
and effort, upon notice to such Lender and the Administrative Agent, require such Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in, and consents required by,
Section 12.2), all of its interests, rights and obligations under this Agreement and the related Loan Documents to one or more Eligible Assignees that shall assume such obligations (any of which assignee may be another
Lender, if a Lender accepts such assignment), provided that: 
 (a)     the Borrower shall have paid to the
Administrative Agent the assignment fee specified in Section 12.2(b)(iv); 
 (b)    such
Lender shall have received payment of an amount equal to the outstanding principal of its Loans, accrued interest thereon, accrued fees and all other amounts payable to it hereunder and under the other Loan Documents (including any amounts under
Section 3.5) from the assignee (to the extent of such outstanding principal and accrued interest and fees) or the Borrower (in the case of all other amounts); 

(c)    such Lender being replaced pursuant to this Section 3.7 shall (i) execute and
deliver an Assignment and Assumption with respect to such Lender’s Commitment and outstanding Loans, and (ii) deliver any Notes evidencing such Loans to the Borrower or Administrative Agent (or a lost or destroyed note indemnity in lieu
thereof); provided that the failure of any such Lender to execute an Assignment and Assumption or deliver such Notes shall not render such sale and purchase (and the corresponding assignment) invalid and such assignment shall be recorded in
the Register and the Notes shall be deemed to be canceled upon such failure; 
 (d)    the Eligible Assignee shall
become a Lender hereunder and the assigning Lender shall cease to constitute a Lender hereunder with respect to such assigned Loans, Commitments and participations, except with respect to indemnification provisions under this Agreement, which shall
survive as to such assigning Lender; 
 (e)    in the case of any such assignment resulting from a claim for
compensation under Section 3.4 or payments required to be made pursuant to Section 3.1, such assignment will result in a reduction in such compensation or payments thereafter; and 

(f)    such assignment does not conflict with applicable Laws. 

In the event that (i) the Borrower or the Administrative Agent has requested that the Lenders consent to a departure or waiver of any provisions of the
Loan Documents or agree to any amendment thereto, (ii) the consent, waiver or amendment in question requires the agreement of each Lender, all affected Lenders or all the Lenders or all affected Lenders with respect to a certain Class or
Classes of the Loans and (iii) the Requisite Lenders or the requisite Lenders of the applicable Class or Classes of the Loans, have agreed to such consent, waiver or amendment, then any Lender who does not agree to such consent, waiver or
amendment shall be deemed a “Non-Consenting Lender.” 

  
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 A Lender shall not be required to make any such assignment or delegation if, prior thereto, as a result of a
waiver by such Lender or otherwise, the circumstances entitling the Borrower to require such assignment and delegation cease to apply. 

SECTION 3.8 Survival. 

All of the Borrower’s obligations under this Article III shall survive termination of the Aggregate Commitments, repayment of all
other Obligations hereunder and resignation of the Administrative Agent, the Swing Loan Lender or any Issuer. 
 ARTICLE IV 

CONDITIONS PRECEDENT 

SECTION 4.1 Conditions Precedent to Restatement Effective Date. 

The effectiveness of this Agreement shall be subject to the satisfaction or due waiver in accordance with Section 12.1
of each of the following conditions precedent, except as otherwise agreed between the Borrower and the Administrative Agent (the date on which such conditions are satisfied or waived being herein in accordance with
Section 12.1 shall be the “Restatement Effective Date”): 
 (a)    The
Administrative Agent’s receipt of the following, each of which shall be originals, facsimiles or copies in .pdf format (followed promptly by originals) unless otherwise specified, each properly executed by a Responsible Officer of the signing
Loan Party and each other party thereto, each in form and substance reasonably satisfactory to the Administrative Agent and its legal counsel: 

(i)    a Notice of Borrowing in accordance with the requirements hereof; 

(ii)    executed counterparts of this Agreement and the Guaranty; 

(iii)    a Note executed by the Borrower in favor of each Lender that has requested a Note at least two
(2) Business Days in advance of the Restatement Effective Date; 
 (iv)    each Collateral Document
set forth on Schedule 1.1A required to be executed on the Restatement Effective Date as indicated on such schedule, together with: 

(A)    copies of certificates, if any, representing the Pledged Equity and stock powers executed in blank
and instruments evidencing the Pledged Debt indorsed in blank, in each case, delivered to the First Lien Term Facility Administrative Agent; 

(B)    [reserved]; and 

(C)    evidence that all other actions, recordings and filings that the Administrative Agent may deem
reasonably necessary to satisfy the Collateral and Guarantee 

  
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Requirement shall have been taken, completed or otherwise provided for in a manner reasonably satisfactory to the Administrative Agent; 

(v)    executed release documents with respect to the Released Mortgage Properties, together with evidence
that such counterparts have been delivered to the title insurance company insuring such mortgages under the Existing Credit Agreement for recording; 

(vi)    such certificates of good standing from the applicable secretary of state of the state of
organization of each Loan Party, certificates of resolutions or other action, incumbency certificates and/or other certificates of Responsible Officers of each Loan Party as the Administrative Agent may reasonably require evidencing the identity,
authority and capacity of each Responsible Officer thereof authorized to act as a Responsible Officer in connection with this Agreement and the other Loan Documents to which such Loan Party is a party or is to be a party on the Restatement Effective
Date; 
 (vii)    an opinion from (A) Latham & Watkins LLP, special New York counsel to the
Loan Parties, (B) Feinberg Hanson LLP, special Massachusetts counsel to the Loan Parties, and (C) Venable LLC, special Maryland counsel to the Loan Parties, in each case, addressed to the Administrative Agent and the Lenders; 

(viii)    a solvency certificate from the chief financial officer of the Borrower (after giving effect to
the Transaction) substantially in the form attached hereto as Exhibit M and an officer’s certificate from a Responsible Officer of the Borrower that (i) the conditions specified in clauses (d), (f), (j) and
(k) below are satisfied and (ii) either that (1) no consents, licenses or approvals are required in connection with the execution, delivery and performance by any Loan Party and the validity against each Loan Party of the
Loan Documents to which it is a party, or (2) that all such consents, licenses and approvals have been obtained and are in full force and effect; 

(ix)    certificates of insurance evidencing that all insurance required to be maintained pursuant to the
Loan Documents has been obtained and is in effect; 
 (x)    a perfection certificate (in substantially
the form of perfection certificated delivered under the Existing Credit Agreement); 
 (xi)    copies of
Lien and judgment searches and intellectual property searches with respect to the Loan Parties in each jurisdiction reasonably requested by the Administrative Agent; and 

(xii)    a Borrowing Base Certificate, certified as complete and correct in all respects, which calculates
the Borrowing Base as of the last Business Day of the most recent month ended at least fifteen (15) days prior to the Restatement Effective Date, and demonstrates not less than $325,000,000 of Excess Availability after giving pro forma effect
to the Transaction and other extensions of credit outstanding on the Restatement Effective Date. 

  
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 (b)    All fees and expenses required to be paid hereunder and under the
other Loan Documents and invoiced in reasonable detail at least two (2) Business Days before the Restatement Effective Date (except as otherwise reasonably agreed by the Borrower) shall have been paid in full in cash. 

(c)    [Reserved]. 

(d)    Prior to or substantially simultaneously with the effectiveness of this Agreement on the Restatement Effective
Date, the Borrower shall have received (i) at least $1,925,000,000 in gross cash proceeds from borrowings under the First Lien Term Facility and (ii) at least $625,000,000 in gross cash proceeds from borrowings under the Second Lien Term
Facility. 
 (e)    The Intercreditor Agreement, the First Lien Term Facility Documentation and the Second Lien Term
Facility Documentation, in each case, reasonably satisfactory to the Administrative Agent, shall have been duly executed and delivered by each party thereto, and shall be in full force and effect. 

(f)    Prior to or substantially simultaneously with the effectiveness of this Agreement on the Restatement Effective
Date, the Borrower shall have terminated the Existing Term Loan Facilities and the Administrative Agent shall have received a customary payoff letter in respect thereof, and shall have taken all other necessary actions such that, after giving effect
to the Transaction, (i) Holdings, the Borrower and the Restricted Subsidiaries shall have outstanding no material Indebtedness for borrowed money other than (i) the Loans and Letter of Credit Obligations, (ii) borrowings under the
First Lien Term Facility and the Second Lien Term Facility, and (iii) Indebtedness permitted by Sections 9.3(b) and 9.3(e). 

(g)    [Reserved]. 

(h)    [Reserved]. 

(i)    The Arrangers shall have received at a reasonable time prior to the Restatement Effective Date all documentation
and other information relating to the Loan Parties reasonably requested in writing by them at least five (5) Business Days prior to the Restatement Effective Date in order to allow the Arrangers and the Lenders to comply with applicable
“know your customer” and anti-money laundering rules and regulations, including the USA PATRIOT Act. 

(j)    Since January 31, 2016, there has been no event or circumstance, either individually or in the aggregate, that has
had or would reasonably be expected to have a Material Adverse Effect. 
 (k)    All interest, fees, expenses and other
amounts, if any, owing or accruing under or in respect of the Existing Credit Agreement for periods prior to the Restatement Effective Date in respect of the Existing Lenders that shall not be Lenders under this Agreement shall be calculated and
paid on the Restatement Effective Date (it being understood and agreed that Existing Lenders that shall continue as Lenders under this Agreement shall receive payment of all interest, fees, expenses and other amounts, if any, owing or accruing under
or in respect of the Existing Credit Agreement for periods prior to the Restatement Effective Date at the next date payment of interest, fees, expenses or other amounts is or becomes due under this Agreement). 

  
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Without limiting the generality of the provisions of the last paragraph of Section 11.3, for purposes of determining compliance with the conditions specified in this
Section 4.1, each Lender that has signed this Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter required thereunder to be consented to or approved by
or acceptable or satisfactory to a Lender unless the Administrative Agent shall have received notice from such Lender prior to the proposed Restatement Effective Date specifying its objection thereto. 

SECTION 4.2 Conditions Precedent to Each Loan and Letter of Credit. 

The obligation of each Lender on any date to make any Loan and of each Issuer on any date to Issue any Letter of Credit is subject to the
satisfaction of each of the following conditions precedent: 
 (a)    Request for Borrowing or Issuance of Letter of
Credit. With respect to any Loan, the Administrative Agent shall have received a duly executed Notice of Borrowing (or, in the case of Swing Loans, a duly executed Swing Loan Request), and, with respect to any Letter of Credit, the
Administrative Agent and the applicable Issuer shall have received a duly executed Letter of Credit Request. 

(b)    Representations and Warranties; No Defaults. The following statements shall be true on the date of such Loan
or Issuance, both immediately before and immediately after giving effect thereto and, in the case of any Loan, giving effect to the application of the proceeds thereof: 

(i)    The representations and warranties of the Borrower and each other Loan Party contained in Article
V or any other Loan Document shall be true and correct in all material respects on and as of such date of such Credit Extension; provided that, to the extent that such representations and warranties specifically refer to an earlier date,
they shall be true and correct in all material respects as of such earlier date; provided, further that, any representation and warranty that is qualified as to “materiality,” “Material Adverse Effect” or similar
language shall be true and correct (after giving effect to any qualification therein) in all respects on such respective dates; and 

(ii)    no Default shall exist, or would result from such proposed Credit Extension or from the application
of the proceeds therefrom. 
 (c)    Borrowing Base. After giving effect to the Loans or Letters of Credit
requested to be made or Issued on any such date and the use of proceeds thereof, (i) the Revolving Credit Outstandings shall not exceed the Maximum Revolving Credit at such time and (ii) the sum of Revolving Credit Outstandings and the
Term Outstandings shall not exceed the Maximum Credit at such time. 
 (d)    Solvency. In the case of any
Borrowing the proceeds of which will be used to fund a Restricted Payment, the Borrower shall represent and warrant in the relevant Notice of Borrowing that it and its Restricted Subsidiaries are Solvent both immediately before and immediately after
giving effect thereto and giving effect to the application of the proceeds thereof. 

  
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 Each submission by the Borrower to the Administrative Agent of a Notice of Borrowing or a Swing Loan Request
and the acceptance by the Borrower of the proceeds of each Loan requested therein, and each submission by the Borrower to an Issuer of a Letter of Credit Request, and the Issuance of each Letter of Credit requested therein, shall be deemed to
constitute a representation and warranty by the Borrower that the conditions specified in clause (b) above have been satisfied on and as of the date of the making of such Loan or the Issuance of such Letter of Credit. 

SECTION 4.3 Determinations of Restatement Effective Date Borrowing Conditions. 

For purposes of determining compliance with the conditions specified in Section 4.1, each Lender shall be deemed to
have consented to, approved, accepted or be satisfied with, each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to the Lenders unless an officer of the Administrative Agent responsible
for the transactions contemplated by the Loan Documents shall have received notice from such Lender prior to the Borrowing on the Restatement Effective Date, borrowing of Swing Loans or Issuance or deemed Issuance hereunder specifying its objection
thereto and, in the case of a Lender, such Lender shall not have made available to the Administrative Agent such Lender’s Ratable Portion of such Borrowing or Swing Loans. 

ARTICLE V 

REPRESENTATIONS AND WARRANTIES 

To induce the Lenders, the Issuers and the Administrative Agent to enter into this Agreement, each of Holdings and the Borrower represents and
warrants each of the following to the Lenders, the Issuers, and the Administrative Agent, on and as of the Restatement Effective Date and after giving effect to the making of the Loans and the other financial accommodations on the Restatement
Effective Date and on and as of each date as required by Section 4.2(b)(i): 
 SECTION 5.1 Existence,
Qualification and Power; Compliance with Laws. 
 Each Loan Party and each of its Restricted Subsidiaries that is a Material Subsidiary
(a) is a Person duly organized or formed, validly existing and in good standing under the Laws of the jurisdiction of its incorporation or organization (to the extent such concept exists in such jurisdiction), (b) has all corporate or other
organizational power and authority to (i) own its assets and carry on its business and (ii) execute, deliver and perform its obligations under the Loan Documents to which it is a party, (c) is duly qualified and in good standing (to
the extent such concept exists) under the Laws of each jurisdiction where its ownership, lease or operation of properties or the conduct of its business requires such qualification, (d) is in compliance with all applicable Laws, orders, writs,
injunctions and orders and (e) has all requisite governmental licenses, authorizations, consents and approvals to operate its business as currently conducted; except in each case referred to in clause (c), (d) or (e), to the extent that failure
to do so would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect. 
 SECTION 5.2
Authorization; No Contravention. 

  
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 (a)    The execution, delivery and performance by each Loan Party of
each Loan Document to which such Loan Party is a party has been duly authorized by all necessary corporate or other organizational action. 

(b)    Neither the execution, delivery and performance by each Loan Party of each Loan Document to which such Loan Party
is a party nor the consummation of the Transaction will (i) contravene the terms of any of such Loan Party’s Constituent Documents, (ii) result in any breach or contravention of, or the creation of any Lien upon any of the property or
assets of such Loan Party or any of the Restricted Subsidiaries (other than as permitted by Section 9.1) under (A) any Contractual Obligation to which such Loan Party is a party or affecting such Loan Party or the
properties of such Loan Party or any of its Subsidiaries or (B) any order, injunction, writ or decree of any Governmental Authority or any arbitral award to which such Loan Party or its property is subject; or (iii) violate any applicable
Law; except with respect to any breach, contravention or violation (but not creation of Liens) referred to in clauses (ii) and (iii), to the extent that such breach, contravention or violation would not reasonably be
expected to have, individually or in the aggregate, a Material Adverse Effect. 
 SECTION 5.3 Governmental Authorization. 

No material approval, consent, exemption, authorization, or other action by, or notice to, or filing with, any Governmental Authority is
necessary or required in connection with the execution, delivery or performance by, or enforcement against, any Loan Party of this Agreement or any other Loan Document, except for (i) filings necessary to perfect the Liens on the Collateral
granted by the Loan Parties in favor of the Secured Parties, (ii) the approvals, consents, exemptions, authorizations, actions, notices and filings that have been duly obtained, taken, given or made and are in full force and effect and
(iii) those approvals, consents, exemptions, authorizations or other actions, notices or filings, the failure of which to obtain or make would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect. 

SECTION 5.4 Binding Effect. 

This Agreement and each other Loan Document has been duly executed and delivered by each Loan Party that is party hereto or thereto. This
Agreement and each other Loan Document constitutes a legal, valid and binding obligation of each Loan Party, enforceable against such Loan Party that is party hereto or thereto in accordance with its terms, except as such enforceability may be
limited by Debtor Relief Laws and by general principles of equity and principles of good faith and fair dealing. 
 SECTION 5.5 Financial
Statements; No Material Adverse Effect. 
 (a)    The Annual Financial Statements and the Quarterly Financial
Statements fairly present in all material respects the financial condition of the Borrower and its Subsidiaries, on a Consolidated basis, as of the dates thereof and their results of operations for the period covered thereby in accordance with GAAP
consistently applied throughout the periods covered thereby, (A) except as otherwise expressly noted therein and (B) subject, in the case of the Quarterly 

  
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Financial Statements, to changes resulting from normal year end adjustments and the absence of footnotes. 

(b)    Since the Restatement Effective Date, there has been no event or circumstance, either individually or in the
aggregate, that has had or would reasonably be expected to have a Material Adverse Effect. 
 (c)    The forecasts of
consolidated balance sheets, income statements, cash flow statements and Excess Availability of the Borrower and its Subsidiaries for each Fiscal Year ending after the Restatement Effective Date until the fifth anniversary of the Restatement
Effective Date, copies of which have been furnished to the Administrative Agent prior to the Restatement Effective Date, and all Projections delivered pursuant to Section 7.1(d) have been prepared in good faith on the basis
of the assumptions stated therein, which assumptions were believed to be reasonable at the time made, it being understood (i) no forecasts are to be viewed as facts, (ii) any forecasts are subject to significant uncertainties and
contingencies, many of which are beyond the control of the Loan Parties or the Sponsors, (iii) no assurance can be given that any particular forecasts will be realized and (iv) actual results may differ and such differences may be
material. 
 SECTION 5.6 Litigation. 

There are no actions, suits, proceedings, claims or disputes pending or, to the knowledge of the Borrower, overtly threatened in writing, at
law, in equity, in arbitration or before any Governmental Authority, by or against the Borrower or any of the Restricted Subsidiaries that would reasonably be expected to have a Material Adverse Effect. 

SECTION 5.7 Labor Matters. 

Except as would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect: (a) there are no strikes
or other labor disputes against any of the Borrower or its Restricted Subsidiaries pending or, to the knowledge of the Borrower, threatened and (b) since January 31, 2015, hours worked by and payments made based on hours worked to employees of
each of the Borrower or its Restricted Subsidiaries have not been in material violation of the Fair Labor Standards Act or any other applicable Laws dealing with wage and hour matters. 

SECTION 5.8 Ownership of Property; Liens. 

Each Loan Party and each of its respective Restricted Subsidiaries has good and valid record title in fee simple to, or valid leasehold
interests in, or easements or other limited property interests in, all real property necessary in the ordinary conduct of its business, free and clear of all Liens except for Liens permitted by Section 9.1 and except where
the failure to have such title or other interest would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect. 

SECTION 5.9 Environmental Matters. 

  
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 (a)    Except as would not reasonably be expected to have, individually
or in the aggregate, a Material Adverse Effect, (i) the Borrower, each Subsidiary Guarantor and each of their respective Restricted Subsidiaries is in compliance with all Environmental Laws in all jurisdictions in which the Borrower, each
Subsidiary Guarantor and each of their respective Restricted Subsidiaries, as the case may be, is currently doing business (including having obtained all Environmental Permits) and (ii) neither the Borrower, any Subsidiary Guarantor nor any of
their respective Restricted Subsidiaries has become subject to any pending, or to the knowledge of the Borrower, threatened Environmental Claim or any other Environmental Liability. 

(b)    Neither the Borrower, any Subsidiary Guarantor nor any of their respective Restricted Subsidiaries has treated,
stored, transported or disposed of Hazardous Materials at or from any currently or formerly operated real estate or facility relating to its business in a manner that would reasonably be expected to have a Material Adverse Effect. 

SECTION 5.10 Taxes. 

Except as would not, either individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect, the Borrower and
its Restricted Subsidiaries have timely filed all Federal and state and other tax returns and reports required to be filed, and have timely paid all Federal and state and other taxes, assessments, fees and other governmental charges (including
satisfying its withholding tax obligations) levied or imposed on their properties, income or assets or otherwise due and payable, except those which are being contested in good faith by appropriate actions diligently conducted and for which adequate
reserves have been provided in accordance with GAAP. 
 SECTION 5.11 ERISA Compliance. 

(a)    Except as set forth in Schedule 5.11(a) or as would not, either individually or in the aggregate, reasonably
be expected to result in a Material Adverse Effect, each Plan is in compliance with the applicable provisions of ERISA, the Code and other federal or state Laws. 

(b)    (i) No ERISA Event has occurred within the one-year period prior to the date on which this representation is made
or deemed made; (ii) no Pension Plan has failed to satisfy the minimum funding standards (within the meaning of Section 412 of the Code or Section 302 of ERISA) applicable to such Pension Plan; (iii) neither the Borrower nor any
Subsidiary Guarantor nor any of their respective ERISA Affiliates has incurred, or reasonably expects to incur, any liability (and no event has occurred which, with the giving of notice under Section 4219 of ERISA, would result in such
liability) under Sections 4201 et seq. or 4243 of ERISA with respect to a Multiemployer Plan; (iv) neither the Borrower nor any Subsidiary Guarantor nor any of their respective ERISA Affiliates has engaged in a transaction that is subject to
Sections 4069 or 4212(c) of ERISA; and (v) neither the Borrower, any Subsidiary Guarantor nor any ERISA Affiliate has been notified by the sponsor of a Multiemployer Plan that such Multiemployer Plan is insolvent (within the meaning of
Section 4245 of ERISA) or has been determined to be in “endangered” or “critical” status (within the meaning of Section 432 of the Code or Section 305 of ERISA) and no such Multiemployer Plan is expected to be
insolvent or endangered or critical 

  
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status, except, with respect to each of the foregoing clauses of this Section 5.11(b), as would not reasonably be expected, individually or in the aggregate, to result in a Material Adverse
Effect. 
 (c)    Except where noncompliance or the incurrence of a material obligation would not reasonably be expected
to result in a Material Adverse Effect, each Foreign Plan has been maintained in substantial compliance with its terms and with the requirements of any and all applicable laws, statutes, rules, regulations and orders, and neither the Borrower nor
any Restricted Subsidiary has incurred any material obligation in connection with the termination of or withdrawal from any Foreign Plan. 

SECTION 5.12 Subsidiaries. 

As of the Restatement Effective Date, neither Holdings, the Borrower nor any other Subsidiary Guarantor has any Subsidiaries other than those
specifically disclosed in Schedule 5.12, and all of the outstanding Equity Interests in the Borrower and the Subsidiaries have been validly issued and are fully paid and (if applicable) nonassessable, and all Equity Interests owned by
Holdings in the Borrower and by the Borrower or any other Subsidiary Guarantor in any of their respective Subsidiaries are owned free and clear of all Liens of any person except (i) those Liens created under the Collateral Documents, under the
First Lien Term Facility Documentation, under the Second Lien Term Facility Documentation and a secured Permitted Refinancing in respect of the Indebtedness under the First Lien Term Facility Documentation or under the Second Lien Term Facility
Documentation (in each case, which Liens shall be subject to the Intercreditor Agreement) and (ii) any nonconsensual Lien that is permitted under Section 9.1. As of the Restatement Effective Date, Schedule 5.12 (a) sets forth the name
and jurisdiction of each Subsidiary, (b) sets forth the ownership interest of Holdings, the Borrower and any other Subsidiary in each Subsidiary, including the percentage of such ownership and (c) identifies each Subsidiary that is a
Subsidiary the Equity Interests of which are required to be pledged on the Restatement Effective Date pursuant to the Collateral and Guarantee Requirement. 

SECTION 5.13 Margin Regulations; Investment Company Act. 

(a)    As of the Restatement Effective Date, none of the Collateral is comprised of any Margin Stock. No Loan Party is
engaged nor will it engage, principally or as one of its important activities, in the business of purchasing or carrying margin stock (within the meaning of Regulation U issued by the Federal Reserve Board), or extending credit for the purpose of
purchasing or carrying margin stock, and no proceeds of any Borrowings will be used for any purpose that violates the regulations of the Board of Governors of the Federal Reserve System of the United States of America, including Regulation U and X.

 (b)    Neither the Borrower nor any Guarantor is an “investment company” under the Investment
Company Act of 1940. 
 SECTION 5.14 Disclosure. 

None of the written information and written data heretofore or contemporaneously furnished in writing by or on behalf of the Borrower or any
Subsidiary Guarantor to the Administrative Agent or any Lender in connection with the transactions contemplated hereby and the negotiation of this Agreement or delivered hereunder or any other Loan Document (as

  
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modified or supplemented by other information so furnished) when taken as a whole contains any material misstatement of fact or omits to state any material fact necessary to make such written
information and written data (taken as a whole), in the light of the circumstances under which it was delivered, not materially misleading; it being understood that for purposes of this Section 5.14, such written information and written data
shall not include projections (including the Projections) and pro forma financial information or information of a general economic or general industry nature. 

SECTION 5.15 Intellectual Property; Licenses, Etc. 

The Borrower and the Restricted Subsidiaries have good and marketable title to, or a valid license or right to use, all patents, patent rights,
trademarks, service marks, trade names, copyrights, technology, software, know-how database rights, rights of privacy and publicity, licenses and other intellectual property rights (collectively, “IP Rights”) that are necessary for the
operation of their respective businesses as currently conducted and as proposed to be conducted, except where the failure to have any such rights, either individually or in the aggregate, would not reasonably be expected to have a Material Adverse
Effect. To the knowledge of the Borrower, the operation of the respective businesses of the Borrower or any of its Restricted Subsidiaries as currently conducted does not infringe upon, misuse, misappropriate or violate any rights held by any Person
except for such infringements, misuses, misappropriations or violations individually or in the aggregate, that would not reasonably be expected to have a Material Adverse Effect. No claim or litigation regarding any IP Rights is pending or, to the
knowledge of the Borrower, threatened against the Borrower or any Subsidiary Guarantor or Subsidiary, that, either individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect. 

SECTION 5.16 Solvency. 

On the Restatement Effective Date after giving effect to the Transaction, the Borrower and its Restricted Subsidiaries, on a consolidated
basis, are Solvent. 
 SECTION 5.17 Subordination of Junior Financing. 

The Obligations are “Designated Senior Debt,” “Senior Debt,” “Senior Indebtedness,” “Guarantor Senior
Debt” or “Senior Secured Financing” (or any comparable term) under, and as defined in, any indenture or document governing any applicable Junior Financing. Documentation in respect of Indebtedness that is subordinated in right of
payment to the Obligations. 
 SECTION 5.18 USA PATRIOT Act. 

(a)    To the extent applicable, each of Holdings and its Subsidiaries is in compliance, in all material respects, with
(i) the Trading with the Enemy Act, as amended, and each of the foreign assets control regulations of the United States Treasury Department (31 CFR Subtitle B, Chapter V, as amended) and any other enabling legislation or executive order
relating thereto and (ii) the USA PATRIOT Act. No part of the proceeds of the Loans will be used, directly or indirectly, for any payments to any governmental official or employee, political party, official of a political party, candidate for
political office, or anyone else acting in an official capacity, in 

  
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order to obtain, retain or direct business or obtain any improper advantage, in violation of the United States Foreign Corrupt Practices Act of 1977, as amended. 

(b)    None of Holdings, the Borrower or any Restricted Subsidiary nor, to the knowledge of the Borrower, any director,
officer, agent, employee or Affiliate of Holdings, the Borrower or any Restricted Subsidiary, (i) is a person on the list of “Specially Designated Nationals and Blocked Persons” or (ii) is currently subject to any U.S. sanctions
administered by the Office of Foreign Assets Control of the U.S. Treasury Department (“OFAC”); and the Borrower will not directly or indirectly use the proceeds of the Loans or the Letters of Credit or otherwise knowingly make
available such proceeds to any person, for the purpose of financing the activities of any person currently subject to any U.S. sanctions administered by OFAC. 

SECTION 5.19 Collateral Documents. 

Except as otherwise contemplated hereby or under any other Loan Documents, the provisions of the Collateral Documents, together with such
filings and other actions required to be taken hereby or by the applicable Collateral Documents (including the delivery to the Administrative Agent of any Pledged Debt and any Pledged Equity required to be delivered pursuant to the applicable
Collateral Documents), are effective to create in favor of the Administrative Agent for the benefit of the Secured Parties a legal, valid and enforceable first priority Lien (subject to Liens permitted by Section 9.1 and
subject to the Intercreditor Agreement) on all right, title and interest of the respective Loan Parties in the Collateral described therein. 

SECTION 5.20 Use of Proceeds. 

The Borrower has used the proceeds of the Loans and the Letters of Credit issued hereunder only in compliance with (and not in contravention
of) applicable Laws and each Loan Document. 
 SECTION 5.21. EEA Financial Institutions. 

No Loan Party is an EEA Financial Institution. 

ARTICLE VI 
 FINANCIAL
COVENANT 
 So long as any Lender shall have any Revolving Credit Commitment hereunder, any Loan or other Obligation hereunder (other
than (i) contingent indemnification obligations as to which no claim has been asserted and (ii) Obligations under Secured Hedge Agreements and Cash Management Obligations) shall remain unpaid or unsatisfied, or any Letter of Credit shall
remain outstanding (unless the Outstanding Amount of the Letter of Credit Obligations related thereto has been Cash Collateralized or back-stopped by a letter of credit in form and substance reasonably satisfactory to the Administrative Agent), the
Borrower agrees with the Lenders, the Issuers and the Administrative Agent to the following: 
 SECTION 6.1 Minimum Fixed Charge Coverage
Ratio. 

  
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 At any time that a Covenant Trigger Event shall be in effect, the Fixed Charge Coverage
Ratio of the Borrower and its Restricted Subsidiaries (on a Consolidated basis) for the Test Period ending on the last day of the most recent Fiscal Quarter for which financial statements of the Borrower and its Restricted Subsidiaries were required
to have been delivered pursuant to Section 7.1(a) or (b), as applicable, and each subsequent Test Period during the continuance of such Covenant Trigger Event, shall be not less than 1.00 to 1.00 and the Borrower
shall immediately deliver to the Administrative Agent a certificate of the chief financial officer setting forth reasonably detailed calculations of the Fixed Charge Coverage Ratio. 

ARTICLE VII 
 REPORTING
COVENANTS 
 So long as any Lender shall have any Commitment hereunder or any Loan or other Obligation hereunder (other than
(i) contingent indemnification obligations as to which no claim has been asserted and (ii) Obligations under Secured Hedge Agreements and Cash Management Obligations) shall remain unpaid or unsatisfied, or any Letter of Credit shall remain
outstanding (unless the Outstanding Amount of the Letter of Credit Obligations related thereto has been Cash Collateralized or back-stopped by a letter of credit in form and substance reasonably satisfactory to the Administrative Agent), the
Borrower shall, and shall (except in the case of the covenants set forth in Sections 7.1, 7.2 and 7.3) cause each of the Restricted Subsidiaries to: 

SECTION 7.1 Financial Statements, Etc. 

Deliver to the Administrative Agent for prompt further distribution to each Lender each of the following and shall take the following actions:

 (a)    as soon as available, but in any event within ninety (90) days after the end of each Fiscal Year of the
Borrower, a consolidated balance sheet of the Borrower and its Subsidiaries as at the end of such Fiscal Year, and the related consolidated statements of income or operations, stockholders’ equity and cash flows for such Fiscal Year together
with related notes thereto and management’s discussion and analysis describing results of operations, setting forth in each case in comparative form the figures for the previous Fiscal Year, all in reasonable detail and prepared in accordance
with GAAP, audited and accompanied by a report and opinion of PricewaterhouseCoopers LLP or any other independent registered public accounting firm of nationally recognized standing, which report and opinion shall be prepared in accordance with
generally accepted auditing standards and shall not be subject to any “going concern” or like qualification or exception or any qualification or exception as to the scope of such audit; 

(b)    as soon as available, but in any event within forty-five (45) days after the end of each of the first three
(3) Fiscal Quarters of each Fiscal Year of the Borrower (commencing with the Fiscal Quarter ended April 29, 2017), a condensed consolidated balance sheet of the Borrower and its Subsidiaries as at the end of such Fiscal Quarter, and the related
(i) condensed consolidated statements of income or operations for such Fiscal Quarter and for the portion of the Fiscal Year then ended and (ii) condensed consolidated statements of cash flows for the portion of the Fiscal Year then ended,
setting forth in each case in comparative form the figures for the corresponding Fiscal Quarter of the previous Fiscal Year and the corresponding portion of 

  
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the previous Fiscal Year, all in reasonable detail and certified by a Responsible Officer of the Borrower as fairly presenting in all material respects the financial condition, results of
operations and cash flows of the Borrower and its Subsidiaries in accordance with GAAP, subject to normal year-end adjustments and the absence of footnotes, together with management’s discussion and analysis describing results of operations;

 (c)    beginning on the date that Excess Availability shall have been less than the greater of (x) 12.5% of the
Maximum Credit and (y) $60,000,000, and ending on the date Excess Availability shall have been equal to or greater than the greater of (x) 12.5% of the Maximum Credit and (y) $60,000,000, in each case, for thirty (30) consecutive calendar days,
as soon as available, but in any event within thirty (30) days after the end of each of the first two (2) months of each Fiscal Quarter of the Borrower, a consolidated balance sheet of the Borrower and its Subsidiaries as of the end of
such month, and the related consolidated statements of income or operations and cash flows, for such month, in the form prepared by management of the Borrower; 

(d)    promptly after they are available, and in any event within ninety (90) days after the end of each Fiscal Year
(beginning with the Fiscal Year ending January 28, 2017, of the Borrower), a reasonably detailed consolidated budget for the following Fiscal Year as customarily prepared by management of the Borrower for its internal use (including a projected
consolidated balance sheet of the Borrower and its Subsidiaries as of the end of the following Fiscal Year, the related consolidated statements of projected operations or income and projected cash flow and setting forth the material underlying
assumptions applicable thereto), in each case, on a fiscal quarter basis (collectively, the “Projections”), which Projections shall in each case be accompanied by a certificate of a Responsible Officer stating that such Projections
have been prepared in good faith on the basis of the assumptions stated therein, which assumptions were believed to be reasonable at the time of preparation of such Projections, it being understood that actual results may vary from such Projections
and that such variations may be material; 
 (e)    simultaneously with the delivery of each set of consolidated
financial statements referred to in Sections 7.1(a) and 7.1(b) above, the related consolidating financial statements reflecting the adjustments necessary to eliminate the accounts of Unrestricted Subsidiaries (if any) from such
consolidated financial statements; and 
 (f)    quarterly, at a time mutually agreed with the Administrative Agent that
is promptly after the delivery of the information required pursuant to clause (a) above and the information delivered pursuant to clause (b) above for each Fiscal Quarter, participate in a conference call for Lenders to discuss the
financial condition and results of operations of the Borrower and its Subsidiaries for the most recently-ended period for which financial statements have been delivered, which requirement may be satisfied by including the Lenders and the
Administrative Agent on quarterly conference calls with the First Lien Term Facility Lenders or the Second Lien Term Facility Lenders. 

Notwithstanding the foregoing, the obligations in paragraphs (a) and (b) of this Section 7.1
may be satisfied with respect to financial information of the Borrower and its Subsidiaries by furnishing (A) the applicable financial statements of any direct or indirect parent of the Borrower that holds all of the Equity Interests of the
Borrower or (B) the Borrower’s or 

  
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such entity’s Form 10-K or 10-Q, as applicable, filed with the SEC; provided that, with respect to each of clauses (A) and (B), (i) to the extent such information relates to a
parent of the Borrower, such information is accompanied by consolidating information that explains in reasonable detail the differences between the information relating to the Borrower (or such parent), on the one hand, and the information relating
to the Borrower and the Restricted Subsidiaries on a standalone basis, on the other hand and (ii) to the extent such information is in lieu of information required to be provided under Section 7.1(a), such materials
are accompanied by a report and opinion of PricewaterhouseCoopers LLP or any other independent registered public accounting firm of nationally recognized standing, which report and opinion shall be prepared in accordance with generally accepted
auditing standards and shall not be subject to any “going concern” or like qualification or exception or any qualification or exception as to the scope of such audit. 

SECTION 7.2 Certificates; Other Information. Deliver to the Administrative Agent for prompt further distribution to each Lender: 

(a)    concurrently with the delivery of the financial statements referred to in Section 7.1(a)
and Section 7.1(b), a duly completed Compliance Certificate; provided that if such Compliance Certificate demonstrates an Event of Default of any financial covenant pursuant to
Section 6.1, any of the Permitted Holders may deliver, prior to or together with such Compliance Certificate, a notice of their intent to cure (a “Notice of Intent to Cure”) pursuant to
Section 10.4 to the extent permitted thereunder; 
 (b)    promptly after the same are
publicly available, copies of all annual, regular, periodic and special reports, proxy statements and registration statements which Holdings or the Borrower or any Restricted Subsidiary files with the SEC or with any Governmental Authority that may
be substituted therefor or with any national securities exchange, as the case may be (other than amendments to any registration statement (to the extent such registration statement, in the form it became effective, is delivered to the Administrative
Agent), exhibits to any registration statement and, if applicable, any registration statement on Form S-8), and in any case not otherwise required to be delivered to the Administrative Agent pursuant to any other clause of this
Section 7.2; 
 (c)    promptly after the furnishing thereof, copies of any material
statements or material reports furnished to any holder of any class or series of debt securities of any Loan Party having an aggregate outstanding principal amount greater than $35,000,000 or pursuant to the terms of the First Lien Term Facility
Credit Agreement or the Second Lien Term Facility Credit Agreement, in each case, so long as the aggregate outstanding principal amount thereunder is greater than $35,000,000 and not otherwise required to be furnished to the Administrative Agent
pursuant to any other clause of this Section 7.2; 
 (d)    together with the delivery of the
financial statements pursuant to Sections 7.1(a) and 7.1(b) and each Compliance Certificate delivered pursuant to Section 7.2(a), (i) a report setting forth the information required by
Section 3.03(c) of the Security Agreement (or confirming that there has been no change in such information since the Restatement Effective Date or the date of the last such report), (ii) a description of each event,
condition or circumstance during the last Fiscal Quarter covered by such Compliance Certificate requiring a 

  
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mandatory prepayment under Section 2.9 and (iii) a list of each Subsidiary of the Borrower that identifies each Subsidiary as a Restricted Subsidiary or an
Unrestricted Subsidiary as of the date of delivery of such Compliance Certificate or a confirmation that there is no change in such information since the later of the Restatement Effective Date and the date of the last such list; 

(e)    on the date on which the delivery of financial statements is required to be made pursuant to
Section 7.1(a), the Borrower shall furnish to the Administrative Agent a description, in detail reasonably satisfactory to the Administrative Agent, of all material insurance coverage maintained by the Loan Parties,
together with evidence thereof; 
 (f)    prior to or concurrent with the making of any Specified Payment, a detailed
calculation of the Fixed Charge Coverage Ratio and projected Excess Availability as required pursuant to clauses (b) and (c) of the definition of “Payment Conditions” or “RP Conditions”, as applicable,
together with a certification that no Event of Default exists or would arise as a result of the making of such subject Specified Payment and, in the case of any Permitted Acquisition, that the requirements of the definition of “Permitted
Acquisitions” shall have been satisfied; and 
 (g)    promptly, such additional information regarding the
business, legal, financial or corporate affairs of any Loan Party or any Restricted Subsidiary, or compliance with the terms of the Loan Documents, as the Administrative Agent may from time to time on its own behalf or on behalf of any Lender
reasonably request. 
 Documents required to be delivered pursuant to Section 7.1(a) or (b) or
Section 7.2(c) may be delivered electronically and if so delivered, shall be deemed to have been delivered on the date (i) on which the Borrower posts such documents, or provides a link thereto on the Borrower’s
website on the Internet at the website address listed on Schedule 12.8; or (ii) on which such documents are posted on the Borrower’s behalf on IntraLinks/IntraAgency or another relevant website, if any, to which each Lender and the
Administrative Agent have access (whether a commercial, third-party website or whether sponsored by the Administrative Agent); provided that: (i) upon written request by the Administrative Agent, the Borrower shall deliver paper copies
of such documents to the Administrative Agent for further distribution to each Lender until a written request to cease delivering paper copies is given by the Administrative Agent and (ii) the Borrower shall notify (which may be by facsimile or
electronic mail) the Administrative Agent of the posting of any such documents and provide to the Administrative Agent by electronic mail electronic versions (i.e., soft copies) of such documents. Each Lender shall be solely responsible for timely
accessing posted documents or requesting delivery of paper copies of such documents from the Administrative Agent and maintaining its copies of such documents. 

The Borrower hereby acknowledges that (a) the Administrative Agent and/or the Arrangers will make available to the Lenders and the
Issuers materials and/or information provided by or on behalf of the Borrower hereunder (collectively, “Borrower Materials”) by posting the Borrower Materials on IntraLinks or another similar electronic system (the
“Platform”) and (b) certain of the Lenders (each, a “Public Lender”) may have personnel who do not wish to receive material non-public information with respect to the
Borrower or its Subsidiaries, or the respective securities of any of the foregoing, and who may be engaged in investment and other market-related activities with respect to such Persons’ securities. The

  
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Borrower hereby agrees that (w) all Borrower Materials that are to be made available to Public Lenders shall be clearly and conspicuously marked “PUBLIC” which, at a minimum, shall
mean that the word “PUBLIC” shall appear prominently on the first page thereof; (x) by marking Borrower Materials “PUBLIC,” the Borrower shall be deemed to have authorized the Administrative Agent, the Arrangers, the Issuers
and the Lenders to treat such Borrower Materials as not containing any material non-public information with respect to the Borrower or its securities for purposes of United States Federal and state securities
laws (provided, however, that to the extent such Borrower Materials constitute Information, they shall be treated as set forth in Section 12.19); (y) all Borrower Materials marked “PUBLIC” are permitted to be made
available through a portion of the Platform designated “Public Side Information”; and (z) the Administrative Agent and the Arrangers shall be entitled to treat any Borrower Materials that are not marked “PUBLIC” as being
suitable only for posting on a portion of the Platform not designated “Public Side Information.” 
 SECTION 7.3 Notices.

 Promptly after a Responsible Officer obtains actual knowledge thereof, notify the Administrative Agent: 

(a)    of the occurrence of any Default; 

(b)    of (i) any dispute, litigation, investigation or proceeding between any Loan Party or any Subsidiary and any
arbitrator or Governmental Authority, (ii) the filing or commencement of, or any material development in, any litigation or proceeding affecting any Loan Party or any Subsidiary, including pursuant to any applicable Environmental Laws or in
respect of IP Rights, the occurrence of any noncompliance by any Loan Party or any of its Subsidiaries with, or liability under, any Environmental Law or Environmental Permit, (iii) the occurrence of any ERISA Event or (iv) the occurrence
of any other event or circumstance that, in any such case referred to in clauses (i), (ii), (iii) or (iv), has resulted or would reasonably be expected to result in a Material Adverse Effect; 

(c)    of any casualty or condemnation event with respect to Current Asset Collateral having an aggregate fair market
value in excess of $2,000,000, together with an update to the Borrowing Base Certificate most recently delivered to the Administrative Agent pursuant to Section 7.04(a) or (b) (as applicable) reflecting the result of
such casualty or condemnation event on the calculations of the Borrowing Base and the Term Borrowing Base; or 

(d)    of any notice of cancellation or termination of any insurance policy received by any Loan Party. 

Each notice pursuant to this Section 7.3 shall be accompanied by a written statement of a Responsible Officer of the
Borrower (x) that such notice is being delivered pursuant to this Section 7.3 and (y) setting forth details of the occurrence referred to therein and stating what action the Borrower has taken and proposes to take
with respect thereto. 
 SECTION 7.4 Borrowing Base Certificate. 

  
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 (a)    Borrower shall provide the Administrative Agent with the
following documents in a form and detail reasonably satisfactory to Administrative Agent: as soon as possible after the end of each fiscal month (but in any event within fifteen (15) Business Days after the end thereof) a Borrowing Base
Certificate setting forth the calculation of the Borrowing Base, the Term Borrowing Base, the Aggregate Borrowing Base and of Excess Availability as of the last Business Day of the immediately preceding fiscal month, duly completed and executed by a
Responsible Officer of the Borrower, together with all schedules required pursuant to the terms of the Borrowing Base Certificate duly completed (such certification, a “Monthly Borrowing Base Certificate”); provided that the
Borrower may elect, at its option, to deliver more frequent Borrowing Base Certificates, in which case such Borrowing Base Certificates shall be computed in accordance with the requirements of Section 7.4(b) in respect of
Borrowing Base Certificates required to be delivered during the continuance of a Weekly Monitoring Event and the Borrower shall continue to deliver Borrowing Base Certificates on a weekly basis until January 15th of the next succeeding calendar
year. 
 (b)    At any time during the occurrence and continuation of a Weekly Monitoring Event, the Borrower shall
furnish a Borrowing Base Certificate calculated as of the close of business on the last day of the immediately preceding calendar week, on Wednesday of each week (or, if Wednesday is not a Business Day, on the next succeeding Business Day). 

(c)    The Borrower shall also cooperate with (and cause its Subsidiaries to cooperate with) the Administrative Agent, in
connection with updates to the most recent inventory appraisal delivered under Section 7.4 of the Existing Credit Agreement that shall be in form and detail and from third-party appraisers reasonably acceptable to the Administrative Agent (the
“Updated Inventory Appraisal”) for the purpose of determining the amount of the Borrowing Base attributable to Inventory and the Administrative Agent may carry out, at the Borrower’s expense, one (1) Updated Inventory
Appraisal in any period of 12 consecutive months; provided, however, that notwithstanding the foregoing limitations (x)(i) at any time on or after the date on which Excess Availability has been less than the greater of (A) $60,000,000
and (B) 15% of the Maximum Credit, in each case, for five (5) consecutive Business Days, the Administrative Agent shall, solely to the extent an Updated Inventory Appraisal has not occurred within three (3) months of the relevant date of
determination, or may, at any other time, carry out, at the Borrower’s expense, two (2) Updated Inventory Appraisals during the following 12 consecutive months, and (ii) at any time during the continuation of a Specified Event of
Default, the Administrative Agent may carry out, at the Borrower’s expense, Updated Inventory Appraisals as frequently as determined by the Administrative Agent in its reasonable discretion and (y) in addition to the foregoing clause
(x), the Administrative Agent may carry out, at the Lenders’ expense, one (1) additional Updated Inventory Appraisal in any period of 12 consecutive months.    The Borrower shall furnish to the Administrative Agent
any information that the Administrative Agent may reasonably request regarding the determination and calculation of the Borrowing Base including correct and complete copies of any invoices, underlying agreements, instruments or other documents and
the identity of all Account Debtors in respect of Accounts referred to therein. 
 (d)    The Administrative Agent may
carry out investigations and reviews of each Loan Party’s property at the reasonable expense of the Borrower (including field audits conducted by the Administrative Agent) (“Field Examination”) and the Administrative Agent may
carry out, at 

  
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the Borrower’s expense, one (1) Field Examination in any period of 12 consecutive months; provided, however, that notwithstanding the foregoing limitations, (x)(i) at any
time on or after the date on which Excess Availability has been less than the greater of (A) $60,000,000 and (B) 15% of the Maximum Credit, in each case, for five (5) consecutive Business Days, the Administrative Agent shall, solely to the
extent a Field Examination has not occurred within three (3) months of the relevant date of determination, or may, at any other time, carry out, at the Borrower’s expense, two (2) Field Examinations during the following 12 consecutive
months, and (ii) at any time during the continuation of a Specified Event of Default, the Administrative Agent shall carry out, at the Borrower’s expense, Field Examinations as frequently as determined by the Administrative Agent in its
reasonable discretion and (y) in addition to the foregoing clause (x), the Administrative Agent may carry out, at the Lenders’ expense, one (1) additional Field Examination in any period of 12 consecutive months. The Borrower
shall furnish to the Administrative Agent any information that the Administrative Agent may reasonably request regarding the determination and calculation of the Borrowing Base including correct and complete copies of any invoices, underlying
agreements, instruments or other documents and the identity of all Account Debtors in respect of Accounts referred to therein. 
 ARTICLE
VIII 
 AFFIRMATIVE COVENANTS 

So long as any Lender shall have any Revolving Credit Commitment hereunder or any Loan or other Obligation hereunder (other than
(i) contingent indemnification obligations as to which no claim has been asserted and (ii) Obligations under Secured Hedge Agreements and Cash Management Obligations) shall remain unpaid or unsatisfied, or any Letter of Credit shall remain
outstanding (unless the Outstanding Amount of the Letter of Credit Obligations related thereto has been Cash Collateralized or back-stopped by a letter of credit in form and substance reasonably satisfactory to the Administrative Agent), the
Borrower shall, and shall cause each of the Restricted Subsidiaries to: 
 SECTION 8.1 Preservation of Existence, Etc. 

(a)    Preserve, renew and maintain in full force and effect its legal existence under the Laws of the jurisdiction of its
organization; and 
 (b)    take all reasonable action to obtain, preserve, renew and keep in full force and effect
those of its rights (including IP Rights), licenses, permits, privileges, and franchises which are material to the conduct of its business, 
 except in the
case of clause (a) or (b) to the extent (other than with respect to the preservation of the existence of the Borrower) that failure to do so would not reasonably be expected to have, individually or in the aggregate, a
Material Adverse Effect or pursuant to any merger, consolidation, liquidation, dissolution or Disposition permitted by Article IX. 

SECTION 8.2 Compliance with Laws, Etc. 

Comply in all material respects with its Constituent Documents and the requirements of all Laws and all orders, writs, injunctions and decrees
of any Governmental Authority applicable 

  
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to it or to its business or property, except if the failure to comply therewith would not reasonably be expected individually or in the aggregate to have a Material Adverse Effect. 

SECTION 8.3 Designation of Subsidiaries. 

The board of directors of the Borrower may at any time designate any Restricted Subsidiary as an Unrestricted Subsidiary or any Unrestricted
Subsidiary as a Restricted Subsidiary; provided that (i) immediately before and after such designation, no Default shall have occurred and be continuing, (ii) immediately after giving effect to such designation, the Total Leverage
Ratio for the Test Period immediately preceding such designation for which financial statements have been, or were required to have been, delivered pursuant to Section 7.1 is less than or equal to 6.00 to 1.00 (calculated on a Pro Forma Basis)
(and, as a condition precedent to the effectiveness of any such designation, the Borrower shall deliver to the Administrative Agent a certificate setting forth in reasonable detail the calculations demonstrating satisfaction of such test), (iii) no
Subsidiary may be designated as an Unrestricted Subsidiary if such Subsidiary or any of its Subsidiaries owns any Equity Interests of, or owns or holds any Lien on any property of, the Borrower or any other Restricted Subsidiary of the Borrower that
is not a Subsidiary of the Subsidiary to be so designated and (iv) no Subsidiary may be designated as an Unrestricted Subsidiary if, after such designation, it would be a “Restricted Subsidiary” for the purpose of the First
Lien Term Facility, the Second Lien Term Facility, or any other Junior Financing or any other Indebtedness of any Loan Party. The designation of any Subsidiary as an Unrestricted Subsidiary shall constitute an Investment by the Borrower therein at
the date of designation in an amount equal to the fair market value as determined by the Borrower in good faith of the Borrower’s or its Subsidiary’s (as applicable) Investment therein. The designation of any Unrestricted Subsidiary as a
Restricted Subsidiary shall constitute the incurrence at the time of designation of any Indebtedness or Liens of such Subsidiary existing at such time and a return on any Investment by the Borrower in Unrestricted Subsidiaries pursuant to the
preceding sentence in an amount equal to the fair market value as determined by the Borrower in good faith at the date of such designation of the Borrower’s or its Subsidiary’s (as applicable) Investment in such Subsidiary. 

Notwithstanding the foregoing, any Unrestricted Subsidiary that has been re-designated a Restricted Subsidiary may not be subsequently
re-designated as an Unrestricted Subsidiary. 
 SECTION 8.4 Payment of Taxes, Etc. 

Timely pay, discharge or otherwise satisfy, as the same shall become due and payable, all of its obligations and liabilities in respect of
taxes, assessments and governmental charges or levies imposed upon it or upon its income or profits or in respect of its property, except, in each case, to the extent (i) any such tax, assessment, charge or levy is being contested in good faith
and by appropriate actions for which appropriate reserves have been established in accordance with GAAP or (ii) the failure to pay or discharge the same would not reasonably be expected, individually or in the aggregate, to have a Material
Adverse Effect. 
 SECTION 8.5 Maintenance of Insurance. 

  
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 (a)    Maintain with insurance companies that the Borrower believes (in
the good faith judgment of its management) are financially sound and reputable at the time the relevant coverage is placed or renewed or with a Captive Insurance Subsidiary that is financially sound, insurance with respect to its properties and
business against loss or damage of the kinds customarily insured against by Persons engaged in the same or similar business, of such types and in such amounts (after giving effect to any self-insurance reasonable and customary for similarly situated
Persons engaged in the same or similar businesses as the Borrower and the Restricted Subsidiaries) as are customarily carried under similar circumstances by such other Persons, and will furnish to the Lenders, upon reasonable written request from
the Administrative Agent, information presented in reasonable detail as to the insurance so carried. Each such policy of insurance shall, as appropriate, (i) name the Administrative Agent, on behalf of the Lenders, as an additional insured
thereunder as its interests may appear and/or (ii) in the case of each applicable property and casualty insurance policy, contain a loss payable clause or endorsement that names the Administrative Agent, on behalf of the Lenders, as the loss
payee thereunder. If any portion of any real property that is subject to a Mortgage is at any time located in an area identified by the Federal Emergency Management Agency (or any successor agency) as a Special Flood Hazard Area, then the
Administrative Agent shall, and the Lenders hereby authorize the Administrative Agent to, as soon as reasonably possible release the Mortgage with respect to such real property. 

(b)    Any increase, extension or renewal of any Facility shall be subject to due diligence with respect to flood
insurance requirements for any Mortgaged Properties and evidence of compliance with the flood insurance requirements set forth in the Loan Document that is reasonably satisfactory to the Administrative Agent and the Lenders. 

SECTION 8.6 Inspection Rights. 

In addition to the requirements pursuant to Section 7.4, permit representatives and independent contractors of the
Administrative Agent and each Lender to visit and inspect any of its properties, to examine its corporate, financial and operating records, and make copies thereof or abstracts therefrom and to discuss its affairs, finances and accounts with its
directors, officers, and independent public accountants (subject to such accountants’ customary policies and procedures), all at the reasonable expense of the Borrower and at such reasonable times during normal business hours and as often as
may be reasonably desired, upon reasonable advance notice to the Borrower; provided that, excluding any such visits and inspections during the continuation of an Event of Default, only the Administrative Agent on behalf of the Lenders may
exercise rights of the Administrative Agent and the Lenders under this Section 8.6 and the Administrative Agent shall not exercise such rights more often than two (2) times during any calendar year absent the existence
of an Event of Default and only one (1) such time shall be at the Borrower’s expense; provided further that when an Event of Default exists, the Administrative Agent or any Lender (or any of their respective representatives or
independent contractors) may do any of the foregoing at the expense of the Borrower at any time during normal business hours and upon reasonable advance notice. The Administrative Agent and the Lenders shall give the Borrower the opportunity to
participate in any discussions with the Borrower’s independent public accountants. Notwithstanding anything to the contrary in this Section 8.6, none of the Borrower or any of the Restricted Subsidiaries will be
required to disclose, permit the inspection, examination or making copies or abstracts of, or discussion of, 

  
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any document, information or other matter that (a) constitutes non-financial trade secrets or non-financial proprietary information (other than
inspections, examinations or making copies or abstracts of, or discussions of, any document, information or other matter in connection with any evaluation of the Collateral, including in connection with any field examinations, appraisals or
collateral audits, or the exercise of any rights or remedies), (b) in respect of which disclosure to the Administrative Agent or any Lender (or their respective representatives or contractors) is prohibited by Law or any bona fide arm’s length
third party contract or (c) is subject to attorney-client or similar privilege or constitutes attorney work product. 
 SECTION 8.7
Books and Records. 
 Maintain proper books of record and account, in which entries that are full, true and correct in all material
respects and are in conformity with GAAP shall be made of all material financial transactions and matters involving the assets and business of Holdings, the Borrower or such Restricted Subsidiary, as the case may be. 

SECTION 8.8 Maintenance of Properties. 

Except if the failure to do so would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect, maintain,
preserve and protect all of its material properties and equipment used in the operation of its business in good working order, repair and condition, ordinary wear and tear excepted and casualty or condemnation excepted. 

SECTION 8.9 Use of Proceeds. 

The proceeds of the Loans made hereunder, and the issuance of Letters of Credit issued hereunder, will be used on and after the Restatement
Effective Date, for working capital needs and other general corporate purposes of the Borrower (including, (i) on (or within twenty (20) days of) the Restatement Effective Date, to fund a portion of the Restatement Effective Date Dividend,
(ii) to finance Permitted Acquisitions and (iii) other transactions not prohibited by the Loan Documents). 
 SECTION 8.10
Compliance with Environmental Laws. 
 Except, in each case, to the extent that the failure to do so would not reasonably be expected
to have, individually or in the aggregate, a Material Adverse Effect, (a) comply, and take all reasonable actions to cause any lessees and other Persons operating or occupying its properties to comply with all applicable Environmental Laws and
Environmental Permits; (b) obtain and renew all Environmental Permits necessary for its operations and properties; and, (c) in each case to the extent required by applicable Environmental Laws, conduct any investigation, study, sampling
and testing, and undertake any cleanup, removal, remedial or other action necessary to remove and clean up all Hazardous Materials from any of its properties, in accordance with the requirements of all applicable Environmental Laws. 

SECTION 8.11 Covenant to Guarantee Obligations and Give Security. 

At the Borrower’s expense, subject to the provisions of the Collateral and Guarantee Requirement and any applicable limitation in any
Collateral Document, take all action necessary 

  
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or reasonably requested by the Administrative Agent to ensure that the Collateral and Guarantee Requirement continues to be satisfied, including: 

(a)    (x) upon the formation or acquisition of any new direct or indirect Wholly-Owned Subsidiary that is a Material
Domestic Subsidiary (in each case, other than an Unrestricted Subsidiary or an Excluded Subsidiary) by any Loan Party, the designation in accordance with Section 8.3, of any existing direct or indirect Wholly-Owned Subsidiary that is a Material
Domestic Subsidiary as a Restricted Subsidiary or any Subsidiary becoming a Wholly-Owned Subsidiary that is a Material Domestic Subsidiary, (y) upon the acquisition of any material assets by the Borrower or any Subsidiary Guarantor or
(z) with respect to any Subsidiary at the time it becomes a Loan Party, for any material assets held by such Subsidiary (in each case, other than assets constituting Collateral under a Collateral Document that becomes subject to the Lien
created by such Collateral Document upon acquisition thereof (without limitation of the obligations to perfect such Lien)): 

(i)    within forty-five (45) days (or such greater number of days specified below) after such
formation, acquisition or designation or, in each case, such longer period as the Administrative Agent may agree in its reasonable discretion: 

(A)    cause each such Material Domestic Subsidiary that is required to become a Subsidiary Guarantor under
the Collateral and Guarantee Requirement to furnish to the Administrative Agent a description of the Material Real Properties owned by such Material Domestic Subsidiary in detail reasonably satisfactory to the Administrative Agent; 

(B)    within forty-five (45) days (or within one hundred and eighty (180) days (or such longer
period as the Administrative Agent may agree in its reasonable discretion) in in the case of Mortgages and related documents specified in Section 8.13(b)) after such formation, acquisition or designation, cause each such
Material Domestic Subsidiary that is required to become a Guarantor pursuant to the Collateral and Guarantee Requirement to duly execute and deliver to the Administrative Agent Security Agreement Supplements, Intellectual Property Security
Agreements and other security agreements and documents (including, the documents listed in Section 8.13(b) with respect to Mortgages of any Material Real Property), as reasonably requested by and in form and substance
reasonably satisfactory to the Administrative Agent (consistent with the Mortgages, Security Agreement, Intellectual Property Security Agreements and other Collateral Documents in effect on the Restatement Effective Date), in each case granting
Liens required by the Collateral and Guarantee Requirement; 
 (C)    cause each such Material Domestic
Subsidiary that is required to become a Guarantor pursuant to the Collateral and Guarantee Requirement to deliver any and all certificates representing Equity Interests (to the extent certificated) that are required to be pledged pursuant to the
Collateral and Guarantee Requirement, accompanied by undated stock powers or other appropriate instruments of transfer executed in blank (or any other documents customary under local law) and instruments evidencing the intercompany Indebtedness held
by such Material Domestic Subsidiary and required to be pledged pursuant to the Collateral Documents, indorsed in blank to the Administrative Agent; 

  
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 (D)    within forty-five (45) days (or within one
hundred and eighty (180) days (or such longer period as the Administrative Agent may agree in its reasonable discretion) in the case of Mortgages and related documents specified in Section 8.13(b)) after such
formation, acquisition or designation, (1) take and cause the applicable Material Domestic Subsidiary and each direct or indirect parent of the applicable Material Domestic Subsidiary that is required to become a Guarantor pursuant to the
Collateral and Guarantee Requirement to take whatever action (including the recording of Mortgages, the filing of UCC financing statements and delivery of stock and membership interest certificates to the extent certificated) may be necessary in the
reasonable opinion of the Administrative Agent to vest in the Administrative Agent (or in any representative of the Administrative Agent designated by it) valid first priority (subject to the Intercreditor Agreement) perfected Liens required by the
Collateral and Guarantee Requirement, enforceable against all third parties in accordance with their terms, except as such enforceability may be limited by Debtor Relief Laws and by general principles of equity (regardless of whether enforcement is
sought in equity or at law) and (2) comply with the requirements of Section 8.12 with respect to all Deposit Accounts; and 

(ii)    within forty-five (45) days (or within one hundred and eighty (180) days (or such longer
period as the Administrative Agent may agree in its reasonable discretion) in the case of Mortgages and related documents specified in Section 8.13(b)) after the request therefor by the Administrative Agent (or such longer
period as the Administrative Agent may agree in its reasonable discretion), deliver to the Administrative Agent a signed copy of an opinion, addressed to the Administrative Agent and the other Secured Parties, of counsel for the Loan Parties
reasonably acceptable to the Administrative Agent as to such matters set forth in this Section 8.11(a) as the Administrative Agent may reasonably request; and 

(iii)    as promptly as practicable after the reasonable request therefor by the Administrative Agent,
deliver to the Administrative Agent with respect to each Material Real Property, title reports, surveys and environmental assessment reports and appraisals (if required under FIRREA), flood certifications under Regulation H of the Federal Reserve
Board, provided that the Administrative Agent may in its reasonable discretion accept any such existing report or survey to the extent prepared as of a date reasonably satisfactory to the Administrative Agent; provided, however, that there
shall be no obligation to deliver to the Administrative Agent any environmental assessment report whose disclosure to the Administrative Agent would require the consent of a Person other than the Borrower or one of its Subsidiaries, where, despite
the commercially reasonable efforts of the Borrower to obtain such consent, such consent cannot be obtained; and 

(b)    (i) the Borrower shall obtain the security interests and Guarantees set forth on Schedule 1.1A on or prior
to the dates corresponding to such security interests and Guarantees set forth on Schedule 1.1A; and (ii) after the Restatement Effective Date, promptly after the acquisition of any Material Real Property by the Borrower or any Loan
Party, and such Material Real Property shall not already be subject to a perfected Lien pursuant to the Collateral and Guarantee Requirement, the Borrower shall give notice thereof to the Administrative Agent and will take, or cause the relevant
Loan Party, to take, the actions referred to in Section 8.13(b). 

  
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 (c)    Notwithstanding anything to the contrary contained herein, no
assets (x) of any entity that becomes a Loan Party as a result of a Permitted Acquisition or (y) acquired from a third party by a Loan Party outside the ordinary course of business, in each case, which were not included in the analysis
under the most recent Updated Inventory Appraisal or Field Examination and which is otherwise eligible for inclusion in the calculation of the Borrowing Base or the Term Borrowing Base, may be included in the calculation of the Borrowing Base or the
Term Borrowing Base unless and until the Administrative Agent has completed or received, in any case at the expense of the Borrower (without regard to, or counting against, any limitations on expense reimbursement or the number of Field Examinations
or Inventory appraisals that may be conducted during any period, as contained in Section 7.4) (A) Inventory appraisals and Field Examinations, as may be reasonably required by the Administrative Agent, from appraisers and
examiners reasonably satisfactory to the Administrative Agent and (B) such other due diligence with respect to such assets as the Administrative Agent may require in its Permitted Discretion, all of the results of the foregoing to be
satisfactory to the Administrative Agent in its Permitted Discretion. 
 SECTION 8.12 Cash Receipts. 

(a)    Maintain an effective account control agreement (a “Deposit Account Control Agreement”) with each
Approved Account Bank, in each case, in form and substance reasonably satisfactory to the Administrative Agent, with respect to each Deposit Account in which funds of any of the Loan Parties are deposited (including those existing as of the
Restatement Effective Date and listed on Schedule 8.12 attached hereto, and excluding, for the avoidance of doubt, the Asset Sale Proceeds Pledged Account, lottery, petty cash, payroll, trust and tax withholding accounts) (collectively, the
“Material Bank Accounts”); provided that each Loan Party may maintain credit balances in Store Accounts or other accounts, in each case that are not Approved Deposit Accounts, so long as the aggregate balance in all such Store
Accounts and other accounts does not exceed $7,500,000 (such amount, the “Excluded Amount”). Notwithstanding anything in this section to the contrary, the provisions of this Section 8.12(a) shall not apply
to any Deposit Account acquired by a Loan Party in connection with a Permitted Acquisition prior to the date that is ninety (90) days (or such later date as the Administrative Agent may agree) following the consummation of such Permitted
Acquisition. 
 (b)    Each Loan Party shall (i) instruct each Account Debtor or other Person obligated to make a
payment to any of them under any Account or Credit Card Receivable to make payment, or to continue to make payment, to an Approved Deposit Account, (ii) deposit in an Approved Deposit Account promptly upon receipt all Cash Receipts (as defined
below) received by any Loan Party from any other Person, (iii) deliver to the Administrative Agent Credit Card Notifications and (iv) instruct each depository institution for a Deposit Account to cause all amounts on deposit and available
at the close of each Business Day in such Deposit Account (other than balances constituting the Excluded Amount) to be swept to one of the Loan Parties’ concentration accounts no less frequently than on a daily basis, such instructions to be
irrevocable unless otherwise agreed to by the Administrative Agent. 
 (c)    Each Credit Card Notification, Deposit
Account Control Agreement (and, in the case of clause (iii) below, Securities Account Control Agreement) shall require (in each case, without further consent of the Loan Parties), and the Loan Parties shall cause, after the

  
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occurrence and during the continuance of a Cash Dominion Period and subject to the Intercreditor Agreement, the ACH or wire transfer no less frequently than daily (and whether or not there are
then any outstanding Obligations) to the concentration account maintained by, in the name of and under the sole dominion and control of the Administrative Agent at the Administrative Agent (the “Concentration Account”), of all cash
receipts and collections, including the following (collectively, the “Cash Receipts”): 

(i)    all available cash receipts from the sale of Inventory and other Current Asset Collateral (and,
after the repayment of the First Lien Term Facility, all other Collateral) or casualty insurance proceeds arising from any of the foregoing; 

(ii)    all proceeds of collections of Accounts and Credit Card Receivables; 

(iii)    the then contents of each Approved Deposit Account and each Approved Securities Account (in each
case, net of any minimum balance as may be required to be kept in the subject Deposit Account or Securities Account, as the case may be, by the institution at which such Deposit Account or Securities Account, as applicable, is maintained); and 

(iv)    the cash proceeds of all credit card charges. 

(d)    The Concentration Account shall at all times be under the sole dominion and control of the Administrative Agent.
The Loan Parties hereby acknowledge and agree that (i) the Loan Parties have no right of withdrawal from the Concentration Account, (ii) the funds on deposit in the Concentration Account shall at all times be collateral security for all of
the Obligations and (iii) the funds on deposit in the Concentration Account shall be applied as provided in this Agreement. In the event that, notwithstanding the provisions of this Section, during the continuation of any Cash Dominion Period,
any Loan Party receives or otherwise has dominion and control of any such proceeds or collections, such proceeds and collections shall be held in trust by such Loan Party for the Administrative Agent, shall not be commingled with any of such Loan
Party’s other funds or deposited in any account of such Loan Party and shall, not later than the Business Day after receipt thereof, be deposited into the Concentration Account or dealt with in such other fashion as such Loan Party may be
instructed by the Administrative Agent. 
 (e)    So long as no Cash Dominion Period is continuing, the Loan Parties may
direct, and shall have sole control over, the manner of disposition of funds in the Approved Securities Accounts (other than with respect to any Qualified Cash Securities Account) and Approved Deposit Accounts. 

(f)    Any amounts received in the Concentration Account at any time when no Cash Dominion Period is continuing or all of
the Obligations have been paid in full shall be remitted to the operating account of the Loan Parties maintained with the Administrative Agent or to an operating account otherwise designated by the Borrower. 

(g)    Upon the written request of the Borrower, the Administrative Agent shall promptly (but in any event within two
(2) Business Day after such request) furnish written notice to each Approved Account Bank of any termination of a Cash Dominion Period. 

  
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 (h)    The Borrower may from time to time provide a written request to
the Administrative Agent requesting that the Administrative Agent permit the withdrawal of a requested amount of Qualified Cash from any Qualified Cash Securities Account and, within two (2) Business Days of such written request, the
Administrative Agent shall permit (or, if the relevant Qualified Cash Securities Account is not held with the Administrative Agent, shall instruct the relevant depositary bank or securities intermediary to so permit) the withdrawal of the requested
amount of Qualified Cash in accordance with the written instructions of the Borrower so long as (i) no Default has occurred and is continuing or would result from such withdrawal of the requested amount of Qualified Cash in accordance with such
written instructions of the Borrower, (ii) after giving effect to such withdrawal, the Revolving Credit Outstandings shall not exceed the Borrowing Base (it being agreed that, immediately upon such withdrawal, without any further act of any
Person, the Borrowing Base shall be calculated excluding the amount of Qualified Cash so withdrawn), and (iii) the Borrower shall have provided an update to the Borrowing Base Certificate most recently delivered to the Administrative Agent
pursuant to Section 7.4(a) or (b) (as applicable) reflecting the result of such withdrawal on the calculation of the Borrowing Base. 

SECTION 8.13 Further Assurances. 

Subject to the provisions of the Collateral and Guarantee Requirement and any applicable limitations in any Collateral Document and in each
case at the expense of the Loan Parties: 
 (a)    Promptly upon reasonable request by the Administrative Agent or as
may be required by applicable Laws (i) correct any material defect or error that may be discovered in the execution, acknowledgment, filing or recordation of any Collateral Document or other document or instrument relating to any Collateral,
and (ii) do, execute, acknowledge, deliver, record, re-record, file, re-file, register and re-register any and all such further acts, deeds, certificates, assurances and other instruments as the Administrative Agent may reasonably request from
time to time in order to carry out more effectively the purposes of the Collateral Documents. 
 (b)    In the case of
any Material Real Property, provide the Administrative Agent with Mortgages with respect to such Material Real Property owned by any Loan Party within one hundred and eighty (180) days (or such longer period as the Administrative Agent may
agree in its sole discretion) of the acquisition of such Material Real Property in each case together with: 

(i)    evidence that counterparts of the Mortgages have been duly executed, acknowledged and delivered and
are in form suitable for filing or recording in all filing or recording offices that the Administrative Agent may deem reasonably necessary or desirable in order to create a valid and subsisting perfected Lien on such Material Real Property in favor
of the Administrative Agent for the benefit of the Secured Parties and that all filing and recording taxes and fees have been paid or otherwise provided for in a manner reasonably satisfactory to the Administrative Agent; 

(ii)    fully paid American Land Title Association Lender’s Extended Coverage title insurance policies
or the equivalent or other form available in each applicable jurisdiction (the “Mortgage Policies”) in form and substance, with endorsements available in the applicable jurisdiction and in amount, reasonably acceptable to the

  
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Administrative Agent (not to exceed the value of the real properties covered thereby), issued, coinsured and reinsured by title insurers reasonably acceptable to the Administrative Agent,
insuring the Mortgages to be valid subsisting Liens on the property described therein, subject only to Liens permitted by Section 9.1, and providing for such other affirmative insurance (including endorsements for future
advances under the Loan Documents) and such coinsurance and direct access reinsurance as the Administrative Agent may reasonably request and is available in the applicable jurisdiction; 

(iii)    opinions of local counsel for the Loan Parties in states in which such Material Real Property is
located, with respect to the enforceability and perfection of the Mortgages and any related fixture filings in form and substance reasonably satisfactory to the Administrative Agent; and 

(iv)    title reports, surveys and environmental assessment reports and appraisals (if required under
FIRREA), flood certifications under Regulation H of the Federal Reserve Board, provided that the Administrative Agent may in its reasonable discretion accept any such existing report or survey to the extent prepared as of a date reasonably
satisfactory to the Administrative Agent; provided, however, that there shall be no obligation to deliver to the Administrative Agent any environmental assessment report whose disclosure to the Administrative Agent would require the consent
of a Person other than the Borrower or one of its Subsidiaries, where, despite the commercially reasonable efforts of the Borrower to obtain such consent, such consent cannot be obtained; and 

(v)    such other evidence that all other actions that the Administrative Agent may reasonably deem
necessary or desirable in order to create valid and subsisting Liens on the property described in the Mortgages has been taken, 

provided that the Borrower will provide at least forty-five (45) days prior written notice to the Administrative Agent and the
Lenders prior to delivering a Mortgage with respect to any Material Real Property and shall not execute and deliver any Mortgage with respect to any Material Real Property prior to written confirmation from the Administrative Agent and the Lenders
of the completion of due diligence with respect to flood insurance requirements for such Material Real Property and receipt of evidence of compliance with flood insurance requirements set forth in the Loan Documents that is reasonably satisfactory
thereto. 
 Notwithstanding the foregoing and anything to the contrary in this Agreement, the Borrower agrees that it shall not, nor permit
any Restricted Subsidiary to, grant any deed of trust, trust deed, hypothec or mortgage in any real property owned by any Restricted Subsidiary (other than a Loan Party) with a fair market value in excess of $5,000,000, in each case, other than a
Mortgage in favor of the Administrative Agent, the First Lien Term Facility Administrative Agent and the Second Lien Term Facility Administrative Agent. 

SECTION 8.14 Physical Inventories. 

  
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 Cause not less than one (1) cycle count of Inventory to be undertaken, at the expense
of the Loan Parties on a monthly basis in accordance with the Borrower’s usual business practices, conducted using methodology routinely used by such Loan Parties in their ordinary course of business with respect to such Inventory counts or as
otherwise consistent with standard and customary business practices, and shall post such results to the Loan Parties’ stock ledgers and general ledgers, as applicable and, following the completion of such Inventory count, deliver a summary, in
a form routinely used by such Loan Parties in their ordinary course of business with respect to such Inventory counts or as otherwise consistent with standard and customary business practices, of the results of such cycle count to the Administrative
Agent. 
 SECTION 8.15 Post-Closing Matters. 

(a)    Not later than the 60 days after the Restatement Effective Date (or such longer period as the Administrative Agent
may agree in its sole discretion), the Borrower shall deliver Deposit Account Control Agreement or amendments thereto to, in each case, in form and substance reasonably satisfactory to the Administrative Agent, with respect to any Deposit Account
required to be subject to a Deposit Account Control Agreement under Section 8.12 hereof. 

(b)    Not later than the 60 days after the Restatement Effective Date (or such longer period as the Administrative Agent
may agree in its sole discretion), the Borrower shall deliver endorsements with respect to the identity of the Administrative Agent for each Mortgage Policy with respect to the Material Real Property listed on Schedule 1.1D, in form and
substance reasonably acceptable to the Administrative Agent. 
 (c)    Not later than the 60 days after the Restatement
Effective Date (or such longer period as the Administrative Agent may agree in its sole discretion), the Borrower shall deliver evidence that all endorsements to the insurance policies required by Section 8.5, evidencing the addition of the
Administrative Agent, on behalf of the Lenders, as additional insured and/or lender loss payee under insurance policy (as applicable), in form and substance reasonably acceptable to the Administrative Agent. 

ARTICLE IX 
 NEGATIVE
COVENANTS 
 So long as any Lender shall have any Revolving Credit Commitment hereunder or any Loan or other Obligation hereunder (other
than (i) contingent indemnification obligations as to which no claim has been asserted and (ii) Obligations under Secured Hedge Agreements and Cash Management Obligations) shall remain unpaid or unsatisfied, or any Letter of Credit shall
remain outstanding (unless the Outstanding Amount of the Letter of Credit Obligations related thereto has been Cash Collateralized or back-stopped by a letter of credit in form and substance reasonably satisfactory to the Administrative Agent), the
Borrower shall not (and, with respect to Section 9.15, only Holdings shall not), nor shall the Borrower permit any Restricted Subsidiary to: 

SECTION 9.1 Liens. 

  
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 Create, incur, assume or suffer to exist any Lien upon any of its property, assets or
revenues, whether now owned or hereafter acquired, other than the following: 
 (a)    Liens created pursuant to any
Loan Document; 
 (b)    Liens existing on the Restatement Effective Date and set forth on Schedule 9.1(b); 

(c)    Liens for taxes, assessments or governmental charges that are not overdue for a period of more than thirty
(30) days or that are being contested in good faith and by appropriate actions for which appropriate reserves have been established in accordance with GAAP; 

(d)    statutory or common law Liens of landlords, carriers, warehousemen, mechanics, materialmen, repairmen, construction
contractors or other like Liens or other customary Liens (other than in respect of Indebtedness) in favor of landlords, so long as, in each case, such Liens arise in the ordinary course of business that secure amounts not overdue for a period of
more than thirty (30) days or, if more than thirty (30) days overdue, are unfiled and no other action has been taken to enforce such Lien or that are being contested in good faith and by appropriate actions, if adequate reserves with
respect thereto are maintained on the books of the applicable Person in accordance with GAAP; 
 (e)    (i) pledges or
deposits in the ordinary course of business in connection with workers’ compensation, unemployment insurance and other social security legislation and (ii) pledges and deposits in the ordinary course of business securing liability for
reimbursement or indemnification obligations of (including obligations in respect of letters of credit or bank guarantees for the benefit of) insurance carriers providing property, casualty or liability insurance to Holdings, the Borrower or any
Restricted Subsidiaries; 
 (f)    deposits to secure the performance of bids, trade contracts, governmental contracts
and leases (other than Indebtedness for borrowed money), statutory obligations, surety, stay, customs and appeal bonds, performance bonds and other obligations of a like nature (including those to secure health, safety and environmental obligations)
incurred in the ordinary course of business; 
 (g)    easements, rights-of-way,
restrictions (including zoning restrictions), encroachments, protrusions and other similar encumbrances and title defects affecting real property that, in the aggregate, do not in any case materially interfere with the ordinary conduct of the
business of the Borrower and its Subsidiaries taken as a whole, or the use of the property for its intended purpose, and any other exceptions to title on the Mortgage Policies accepted by the Administrative Agent in accordance with this Agreement;

 (h)    Liens arising from judgments or orders for the payment of money not constituting an Event of Default under
Section 10.1(g); 
 (i)    (i) Liens securing obligations in respect of Indebtedness permitted
under Section 9.3(e); provided that (A) such Liens attach concurrently with or within two hundred and seventy (270) days after completion of the acquisition, construction, repair, replacement or improvement
(as applicable) of the property subject to such Liens, (B) such Liens do not at any time encumber any property other than the property financed by such Indebtedness, replacements 

  
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thereof and additions and accessions to such property and the proceeds and the products thereof and customary security deposits and (C) such Liens do not at any time extend to or cover any
assets (except for additions and accessions to such assets, replacements and products thereof and customary security deposits) other than the assets subject to, or acquired, constructed, repaired, replaced or improved with the proceeds of such
Indebtedness; provided that individual financings of equipment provided by one lender may be cross collateralized to other financings of equipment provided by such lender and (ii) Liens on assets of Restricted Subsidiaries that are
Non-Loan Parties securing Indebtedness of such Restricted Subsidiaries permitted pursuant to Section 9.3(l); 

(j)    leases, licenses, subleases or sublicenses granted to others in the ordinary course of business which do not
(i) interfere in any material respect with the business of the Borrower and its Subsidiaries, taken as a whole, or (ii) secure any Indebtedness; 

(k)    Liens in favor of customs and revenue authorities arising as a matter of law to secure payment of customs duties in
connection with the importation of goods in the ordinary course of business; 
 (l)    Liens on insurance policies and
the proceeds thereof securing the financing of the premiums with respect thereto; 
 (m)     Liens (i) on cash
advances in favor of the seller of any property to be acquired in an Investment permitted pursuant to Section 9.2(i) or Section 9.2(m) to be applied against the purchase price for such Investment
or (ii) consisting of an agreement to Dispose of any property in a Disposition permitted under Section 9.5, in each case, solely to the extent such Investment or Disposition, as the case may be, would have been
permitted on the date of the creation of such Lien; 
 (n)    Liens on property of any Foreign Subsidiary securing
Indebtedness of such Foreign Subsidiary incurred pursuant to Sections 9.3(b), (l), (r) or (v); 

(o)    Liens in favor of the Borrower or a Restricted Subsidiary securing Indebtedness permitted under
Section 9.3(d); 
 (p)    Liens existing on property (other than Current Asset Collateral
unless the Liens thereon are subordinated to the Lien of the Administrative Agent in a manner consistent with the terms of the Intercreditor Agreement) at the time of its acquisition or existing on the property of any Person at the time such Person
becomes a Restricted Subsidiary (other than by designation as a Restricted Subsidiary pursuant to Section 8.3), in each case after the Restatement Effective Date (other than Liens on the Equity Interests of any Person that
becomes a Restricted Subsidiary); provided that (i) such Lien does not extend to or cover any other assets or property (other than the proceeds or products thereof and other than after-acquired property of such acquired Restricted
Subsidiary), and (ii) the Indebtedness secured thereby is permitted under Section 9.3(e) or (v); 

(q)    any interest or title of a lessor, sublessor, licensor or sublicensor or secured by a lessor’s,
sublessor’s, licensor’s or sublicensor’s interest under leases (other than Capitalized 

  
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Leases) or licenses entered into by the Borrower or any of the Restricted Subsidiaries in the ordinary course of business; 

(r)    Liens arising out of conditional sale, title retention, consignment or similar arrangements for sale of goods
entered into by the Borrower or any of the Restricted Subsidiaries in the ordinary course of business; 
 (s)    Liens
deemed to exist in connection with Investments in repurchase agreements under Section 9.2 and reasonable customary initial deposits and margin deposits and similar Liens attaching to commodity trading accounts or other
brokerage accounts maintained in the ordinary course of business and not for speculative purposes; 
 (t)    Liens
solely on any cash earnest money deposits made by the Borrower or any of the Restricted Subsidiaries in connection with any letter of intent or purchase agreement permitted hereunder; 

(u)    ground leases in respect of real property on which facilities owned or leased by the Borrower or any of its
Subsidiaries are located; 
 (v)    purported Liens evidenced by the filing of precautionary UCC financing statements or
similar public filings; 
 (w)    Liens securing obligations in respect of Indebtedness permitted under
Section 9.3(p)(i) and Specified Hedge Obligations and any Cash Management Obligations (in each case, as defined in the First Lien Term Facility Credit Agreement) permitted under Section 9.3(p)(ii) (or, in each
case, any Permitted Refinancing in respect thereof, and subject to the Intercreditor Agreement or, in the case of any Permitted Refinancing thereof, another intercreditor agreement containing terms that are at least as favorable to the Secured
Parties as those contained in the Intercreditor Agreement); 
 (x)    Liens securing obligations in respect of
Indebtedness permitted under Section 9.3(q) (or, in each case, any Permitted Refinancing in respect thereof, and subject to the Intercreditor Agreement or, in the case of any Permitted Refinancing thereof, another
intercreditor agreement containing terms that are at least as favorable to the Secured Parties as those contained in the Intercreditor Agreement); 

(y)    Liens (i) of a collection bank arising under Section 4-208 of the UCC on the items in the course of
collection, (ii) attaching to commodity trading accounts or other commodities brokerage accounts incurred in the ordinary course of business and not for speculative purposes and (iii) in favor of a banking or other financial institution
arising as a matter of law encumbering deposits or other funds maintained with a financial institution (including the right of set off) and that are within the general parameters customary in the banking industry; 

(z)    any zoning or similar law or right reserved to or vested in any Governmental Authority to control or regulate the
use of any real property that does not materially interfere with the ordinary conduct of the business of the Borrower and its Subsidiaries, taken as a whole; 

  
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 (aa)    the modification, replacement, renewal or extension of any Lien
permitted by clauses (b), (i) and (p) of this Section 9.1; provided that (i) the Lien does not extend to any additional property other than (A) after-acquired property that is
affixed or incorporated into the property covered by such Lien or financed by Indebtedness permitted under Section 9.3(e), and (B) proceeds and products thereof, and (ii) the renewal, extension or refinancing of
the obligations secured or benefited by such Liens is permitted by Section 9.3; 

(bb)    rights of set-off against credit balances of the Borrower or any of its Subsidiaries with Credit Card Issuers or
Credit Card Processors or amounts owing by such Credit Card Issuers or Credit Card Processors to the Borrower or any of its Subsidiaries in the ordinary course of business, but not rights of set-off against any other property or assets of the
Borrower or any of its Subsidiaries pursuant to the Credit Card Agreements (as in effect on the Effective Date) to secure the obligations of the Borrower or any of its Subsidiaries to the Credit Card Issuers or Credit Card Processors as a result of
fees and chargebacks; 
 (cc)    without duplication of, or aggregation with, any other Lien permitted under any other
clause of this Section 9.1, other Liens (not covering Current Asset Collateral unless the Liens thereon are subordinated to the Lien of the Administrative Agent in a manner consistent with the terms of the Intercreditor
Agreement) securing Indebtedness outstanding in an aggregate principal amount not to exceed the greater of (x) $50,000,000 and (y) 1.50% of Total Assets at any time outstanding, in each case determined as of the date of incurrence; 

(dd)    deposits of cash with the owner or lessor of premises leased and operated by the Borrower or any of its
Subsidiaries in the ordinary course of business of the Borrower and such Subsidiary to secure the performance of the Borrower’s or such Subsidiary’s obligations under the terms of the lease for such premises; and 

(ee)    Liens that are customary contractual rights of setoff (i) relating to the establishment of depository
relations with banks or other deposit-taking financial institutions in the ordinary course of business and not given in connection with the issuance of Indebtedness or (ii) relating to pooled deposit or sweep accounts of Holdings, the Borrower
or any of the Restricted Subsidiaries to permit satisfaction of overdraft or similar obligations incurred in the ordinary course of business of Holdings, the Borrower and the Restricted Subsidiaries. 

SECTION 9.2 Investments. 

Make or hold any Investments, except: 

(a)    Investments by the Borrower or any of the Restricted Subsidiaries in assets that are Cash Equivalents; 

(b)    loans or advances to officers, directors and employees of Holdings (or any direct or indirect parent thereof), the
Borrower or any of the Restricted Subsidiaries (i) for reasonable and customary business-related travel, entertainment, relocation and analogous ordinary business purposes, (ii) in connection with such Person’s purchase of Equity
Interests of Holdings (or any direct or indirect parent thereof; provided that, to the extent such loans or advances are made in cash, the amount of such loans and advances used to acquire such Equity Interests shall be contributed to
Holdings in cash) and (iii) for any other purpose, in an aggregate principal amount 

  
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outstanding under clauses (i) through (iii) not to exceed $20,000,000 at any time; provided, further, that the aggregate principal amount outstanding under
clause (iii) shall not exceed $10,000,000 at any time; 
 (c)    Investments (i) by the Borrower
or any Restricted Subsidiary that is a Loan Party in the Borrower or any Restricted Subsidiary that is a Loan Party, (ii) by any Non-Loan Party in any other Non-Loan Party that is a Restricted Subsidiary, (iii) by any Non-Loan Party in the
Borrower or any Restricted Subsidiary that is a Loan Party and (iv) without duplication of any other clauses of this Section 9.2, by any Loan Party in any Non-Loan Party that is a Restricted Subsidiary; provided
that (A) any such Investments made pursuant to this clause (iv) in the form of intercompany loans shall be evidenced by notes that have been pledged (individually or pursuant to a global note) to the Administrative Agent
for the benefit of the Lenders in accordance with the requirements of the Security Agreement and (B) the aggregate amount of Investments made pursuant to this clause (iv) shall not exceed $37,500,000 at any time outstanding;

 (d)    Investments consisting of extensions of credit in the nature of accounts receivable or notes receivable
arising from the grant of trade credit in the ordinary course of business, and Investments received in satisfaction or partial satisfaction thereof from financially troubled account debtors and other credits to suppliers in the ordinary course of
business; 
 (e)    Investments consisting of Liens, Indebtedness, fundamental changes, Dispositions and Restricted
Payments permitted under Sections 9.1, 9.3 (other than 9.3(c)(ii) or (d)), 9.4 (other than 9.4(c)(ii), (d) or (f)), 9.5 (other than 9.5(d)(ii) or (e)) and 9.6 (other
than 9.6(d) or (g)(iv)), respectively; 
 (f)    Investments existing on the Restatement Effective Date or
made pursuant to legally binding written contracts in existence on the Restatement Effective Date, in each case, set forth on Schedule 9.2(f) and any modification, replacement, renewal, reinvestment or extension of any of the foregoing;
provided that the amount of any Investment permitted pursuant to this Section 9.2(f) is not increased from the amount of such Investment on the Restatement Effective Date except pursuant to the terms of such
Investment as of the Restatement Effective Date or as otherwise permitted by another clause of this Section 9.2; 

(g)    Investments in Swap Contracts permitted under Section 9.3; 

(h)    promissory notes and other non-cash consideration that is permitted to be received in connection with Dispositions
permitted by Section 9.5; 
 (i)    Permitted Acquisitions; 

(j)    [Reserved]; 

(k)    Investments (including debt obligations and Equity Interests) received in connection with the bankruptcy or
reorganization of suppliers and customers or in settlement of delinquent obligations of, or other disputes with, customers and suppliers arising in the ordinary course of business or upon the foreclosure with respect to any secured Investment; 

  
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 (l)    loans and advances to Holdings (or any direct or indirect parent
thereof) in lieu of, and not in excess of the amount of (after giving effect to any other loans, advances or Restricted Payments in respect thereof), Restricted Payments to the extent permitted to be made to Holdings (or such direct or indirect
parent) in accordance with Section 9.6(f) or (g); 
 (m)    without duplication of any
other clauses of this Section 9.2, other Investments that do not exceed $50,000,000 in the aggregate at any time outstanding, determined as of the date of such Investment; 

(n)    advances of payroll payments to employees in the ordinary course of business; 

(o)    Investments to the extent that payment for such Investments is made solely with Qualified Equity Interests of
Holdings (or any direct or indirect parent thereof); 
 (p)    Investments held by a Restricted Subsidiary acquired
after the Effective Date or of a Person merged into the Borrower or merged or consolidated with a Restricted Subsidiary in accordance with Section 9.4 after the Effective Date (other than existing Investments in
subsidiaries of such Subsidiary or Person, which must comply with the requirements of Sections 9.2(i) or (m)) to the extent that such Investments were not made in contemplation of or in connection with such acquisition, merger or
consolidation and were in existence on the date of such acquisition, merger or consolidation; 
 (q)    Investments in
the ordinary course of business consisting of UCC Article 3 endorsements for collection or deposit and Article 4 customary trade arrangements with customers consistent with past practices; 

(r)    without duplication of, or aggregation with, any Investment made under any other clause of this
Section 9.2, the Borrower and its Restricted Subsidiaries may make other Investments as long as the Payment Conditions are satisfied after giving effect thereto; 

(s)    Investments made by any Restricted Subsidiary that is not a Loan Party to the extent such Investments are financed
with the proceeds received by such Restricted Subsidiary from an Investment made pursuant to clauses (c)(iv), (i) or (m) of this Section 9.2; and 

(t)    Guarantees by the Borrower or any of the Restricted Subsidiaries of leases (other than Capitalized Leases) or of
other obligations that do not constitute Indebtedness, in each case entered into in the ordinary course of business. 
 SECTION 9.3
Indebtedness. 
 Create, incur, assume or suffer to exist any Indebtedness or issue any Disqualified Equity Interest, other than: 

(a)    Indebtedness under the Loan Documents; 

(b)    (i) Indebtedness existing on the Restatement Effective Date set forth on Schedule 9.3(b) and any
Permitted Refinancing thereof and (ii) intercompany Indebtedness outstanding on 

  
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the Restatement Effective Date; provided that all such Indebtedness of any Loan Party owed to any Non-Loan Party shall be subject to the Intercompany Subordination Agreement; 

(c)    (i) Guarantees by the Borrower and the Restricted Subsidiaries in respect of Indebtedness of the Borrower or any of
the Restricted Subsidiaries otherwise permitted hereunder (except that a Restricted Subsidiary that is not a Loan Party may not, by virtue of this Section 9.3(c), Guarantee Indebtedness that such Restricted Subsidiary could
not otherwise incur under this Section 9.3); provided that (A) no Guarantee by any Restricted Subsidiary of any Junior Financing shall be permitted unless such Restricted Subsidiary shall have also provided a
Guarantee of the Obligations substantially on the terms set forth in the Guaranty, and (B) if the Indebtedness being Guaranteed is subordinated to the Obligations, such Guarantee shall be subordinated to the Guaranty on terms at least as
favorable to the Lenders as those contained in the subordination of such Indebtedness, and (ii) any Guarantee by the Borrower or any Subsidiary Guarantor of Indebtedness of a Restricted Subsidiary that would have been permitted as an Investment
by the Borrower or such Subsidiary Guarantor in such Restricted Subsidiary under Section 9.2(c); 

(d)    Indebtedness of the Borrower or any of the Restricted Subsidiaries owing to the Borrower or any other Restricted
Subsidiary to the extent constituting an Investment permitted by Section 9.2; provided that (i) all such Indebtedness of any Loan Party owed to any Person that is not a Loan Party shall be subject to the
Intercompany Subordination Agreement and (ii) in the event of any such Indebtedness in respect of the sale, transfer or assignment of Current Asset Collateral, such Indebtedness shall be duly noted on the books and records of the Loan Parties
as being owing in respect of Current Asset Collateral; 
 (e)    (i) Attributable Indebtedness relating to any
transaction and other Indebtedness (including Capitalized Leases) of the Borrower and the Restricted Subsidiaries financing the acquisition, construction, repair, replacement or improvement of fixed or capital assets; provided that such
Indebtedness is incurred concurrently with or within two hundred and seventy (270) days after the applicable acquisition, construction, repair, replacement or improvement, and (ii) any Permitted Refinancing thereof; provided that
the aggregate principal amount of Indebtedness (including Attributable Indebtedness) at any one time outstanding incurred pursuant to this clause (e) shall not exceed the greater of $200,000,000 and 3.00% of Total Assets, in each
case determined at the time of incurrence; provided, further, that for the purposes of determining compliance with this Section 9.3(e), Attributable Indebtedness shall not be deemed to arise from a sale leaseback
transaction with respect to real property comprising a Store or distribution center that is originally treated under GAAP as an operating lease at the time such sale leaseback transaction is consummated but is subsequently treated under GAAP as a
Capitalized Lease as the result of a change in GAAP (or interpretations thereof) after the Restatement Effective Date; 

(f)    Indebtedness in respect of Swap Contracts designed to hedge against Holdings’, the Borrower’s or any
Restricted Subsidiary’s exposure to interest rates, foreign exchange rates or commodities pricing risks incurred in the ordinary course of business and not for speculative purposes and Guarantees thereof; 

(g)    Indebtedness representing deferred compensation to employees of the Borrower and its Subsidiaries incurred in the
ordinary course of business; 

  
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 (h)    Indebtedness to current or former officers, directors, managers,
consultants and employees, their respective estates, spouses or former spouses to finance the purchase or redemption of Equity Interests of Holdings (or any direct or indirect parent thereof) permitted by Section 9.6; 

(i)    Indebtedness incurred by the Borrower or any of the Restricted Subsidiaries in a Permitted Acquisition, any other
Investment expressly permitted hereunder or any Disposition, in each case to the extent constituting indemnification obligations or obligations in respect of purchase price (including earn-outs) or other similar adjustments; 

(j)    Indebtedness consisting of obligations of the Borrower and the Restricted Subsidiaries under deferred compensation
or other similar arrangements with employees incurred by such Person in connection with Permitted Acquisitions or any other Investment expressly permitted hereunder; 

(k)    Cash Management Obligations and other Indebtedness in respect of netting services, automatic clearinghouse
arrangements, overdraft protections, employee credit card programs and other cash management and similar arrangements in the ordinary course of business and any Guarantees thereof; 

(l)    Indebtedness of the Borrower and the Restricted Subsidiaries in an aggregate principal amount at any time
outstanding not to exceed the greater of $100,000,000 and 2.75% of Total Assets, in each case determined at the time of incurrence; provided that a maximum of the greater of $25,000,000 and 1.00% of Total Assets in aggregate principal amount
of such Indebtedness may be incurred by Non-Loan Parties, in each case determined at the time of incurrence; 

(m)    Indebtedness consisting of (i) the financing of insurance premiums or (ii) take-or-pay obligations
contained in supply arrangements, in each case, in the ordinary course of business; 
 (n)    Indebtedness incurred by
the Borrower or any of the Restricted Subsidiaries in respect of letters of credit, bank guarantees, bankers’ acceptances, warehouse receipts or similar instruments issued or created in the ordinary course of business consistent with past
practice in respect of workers compensation claims, health, disability or other employee benefits or property, casualty or liability insurance or self-insurance or other Indebtedness with respect to reimbursement-type obligations regarding workers
compensation claims; 
 (o)    obligations in respect of performance, bid, appeal and surety bonds and performance and
completion guarantees and similar obligations provided by the Borrower or any of the Restricted Subsidiaries or obligations in respect of letters of credit, bank guarantees or similar instruments related thereto, in each case in the ordinary course
of business or consistent with past practice; 
 (p)    (i) Indebtedness in an aggregate principal amount not to exceed
the sum of (A) $1,925,000,000 plus (B) an amount equal to result of (x) $475,000,000 less (y) the aggregate principal amount of any incremental indebtedness incurred in reliance of Section 2.18(3) of the Second Lien Term
Facility Credit Agreement (as in effect on the Restatement Effective Date), at 

  
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any time outstanding under the First Lien Term Facility or under any document governing Incremental Equivalent Term Debt (as such term is defined in the First Lien Term Facility Credit Agreement
(as in effect on the Restatement Effective Date)) and (ii) the amount of obligations in respect of (A) Specified Hedge Obligations and (B) Cash Management Obligations (in the case of each of the foregoing clauses
(A) and (B), as defined in the First Lien Term Facility Credit Agreement (as in effect on the Restatement Effective Date)) at any time outstanding and not incurred in violation of Section 9.3(f), in
each case and, in respect of clauses (i) and (ii), any Permitted Refinancing thereof, provided that, for the avoidance of doubt, the aggregate principal amount of incremental Indebtedness incurred pursuant to
Section 9.3(p)(i)(b) and 9.3(q)(B) shall not exceed $475,000,000; 
 (q)    Indebtedness in an aggregate principal
amount not to exceed the sum of (A) $625,000,000 plus (B) an amount equal to the result of (x) $475,000,000 less (y) the aggregate principal amount of any incremental indebtedness incurred in reliance of Section 2.18(3)
of the First Lien Term Facility Credit Agreement (as in effect on the Restatement Effective Date), at any time outstanding under the Second Lien Term Facility or under any document governing Incremental Equivalent Term Debt (as such term is defined
in the Second Lien Term Facility Credit Agreement (as in effect on the Restatement Effective Date)), and any Permitted Refinancing thereof, provided that, for the avoidance of doubt, the aggregate principal amount of incremental Indebtedness
incurred pursuant to Sections 9.3(p)(i)(b) and 9.3(q)(B) shall not exceed $475,000,000; 
 (r)    Indebtedness incurred
by a Foreign Subsidiary which, when aggregated with the principal amount of all other Indebtedness incurred pursuant to this clause (r) and then outstanding, does not exceed $25,000,000; 

(s)    (i) other unsecured Indebtedness of the Borrower or any Restricted Subsidiary, so long as (A) the Payment
Conditions shall have been satisfied after giving effect thereto and (B) the maturity date and Weighted Average Life to Maturity of such Indebtedness is at least six (6) months after the Latest Maturity Date at the time of incurrence of
such Indebtedness and (ii) other Indebtedness that is secured and subordinated, provided that such Indebtedness (A) is not secured by any Current Asset Collateral, (B) is subject to an intercreditor agreement containing terms
that are at least as favorable to the Secured Parties as those contained in the Intercreditor Agreement and (C) has a maturity date and Weighted Average Life to Maturity that is at least six (6) months after the Latest Maturity Date at the
time of incurrence of such Indebtedness (and any Permitted Refinancing thereof); 
 (t)    [reserved];

 (u)    Indebtedness in respect of letters of credit issued for the account of any of the Subsidiaries of Holdings to
finance the purchase of Inventory so long as (x) such Indebtedness is unsecured and (y) the aggregate face amount of such letters of credit does not exceed $100,000,000 at any time; 

(v)    Indebtedness (i) of any Person that becomes a Restricted Subsidiary after the Restatement Effective Date,
which Indebtedness is existing at the time such Person becomes a Restricted Subsidiary and is not incurred in contemplation of such Person becoming a Restricted 

  
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Subsidiary that is non-recourse to the Borrower, Holdings or any other Restricted Subsidiary (other than any Subsidiary of such Person that is a Subsidiary on the date such Person becomes a
Restricted Subsidiary after the Restatement Effective Date) and is either (A) unsecured or (B) secured only by the assets of such Restricted Subsidiary by Liens permitted under Section 9.1(p) and, in each case,
any Permitted Refinancing thereof, and (ii) of the Borrower or any Restricted Subsidiary incurred or assumed in connection with any Permitted Acquisition that is secured only by Liens permitted under Section 9.1(p)
(and any Permitted Refinancing of the foregoing) and so long as the aggregate principal amount of such Indebtedness and all Indebtedness resulting from any Permitted Refinancing thereof at any time outstanding pursuant to clause (v)(ii)
does not exceed $50,000,000; provided that Indebtedness incurred under clause (i)(B) or clause (ii) of this paragraph (v) that is secured by assets of a type that would otherwise constitute Current
Asset Collateral shall not exceed an aggregate amount outstanding of $25,000,000 and any such assets shall have been and at all times be segregated from, and not commingled with, Current Asset Collateral, with reasonably satisfactory evidence of
compliance with the foregoing to be provided to the Administrative Agent promptly upon request; and 
 (w)    all
premiums (if any), interest (including post-petition interest), fees, expenses, charges and additional or contingent interest on obligations described in clauses (a) through (v) above. 

Notwithstanding the foregoing, no Restricted Subsidiary that is a Non-Loan Party will guarantee any Indebtedness for borrowed money of a Loan
Party unless such Restricted Subsidiary becomes a Guarantor. 
 For purposes of determining compliance with any Dollar-denominated
restriction on the incurrence of Indebtedness, the Dollar-equivalent principal amount of Indebtedness denominated in a foreign currency shall be calculated based on the relevant currency exchange rate in
effect on the date such Indebtedness was incurred, in the case of term debt, or first committed, in the case of revolving credit debt; provided that if such Indebtedness is incurred to extend, replace, refund, refinance, renew or defease other
Indebtedness denominated in a foreign currency, and such extension, replacement, refunding, refinancing, renewal or defeasance would cause the applicable Dollar-denominated restriction to be exceeded if calculated at the relevant currency exchange
rate in effect on the date of such extension, replacement, refunding, refinancing, renewal or defeasance, such Dollar-denominated restriction shall be deemed not to have been exceeded so long as the principal amount of such refinancing Indebtedness
does not exceed the principal amount of such Indebtedness being extended, replaced, refunded, refinanced, renewed or defeased, plus the aggregate amount of fees, underwriting discounts, premiums and other costs and expenses incurred in connection
with such refinancing. 
 The accrual of interest, the accretion of accreted value and the payment of interest in the form of additional
Indebtedness shall not be deemed to be an incurrence of Indebtedness for purposes of this Section 9.3. The principal amount of any non-interest bearing Indebtedness or other discount security constituting Indebtedness at
any date shall be the principal amount thereof that would be shown on a balance sheet of the Borrower dated such date prepared in accordance with GAAP. 

SECTION 9.4 Fundamental Changes. 

  
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 Merge, dissolve, liquidate, consolidate with or into another Person, or Dispose of (whether
in one transaction or in a series of transactions) all or substantially all of its assets (whether now owned or hereafter acquired) to or in favor of any Person, except that: 

(a)    Holdings or any Restricted Subsidiary may merge or consolidate with the Borrower (including a merger, the purpose
of which is to reorganize the Borrower into a new jurisdiction); provided that (x) the Borrower shall be the continuing or surviving Person, (y) such merger or consolidation does not result in the Borrower ceasing to be organized
under the Laws of the United States, any state thereof or the District of Columbia and (z) in the case of a merger or consolidation of Holdings with and into the Borrower, Holdings shall not be an obligor in respect of any Qualified Holding
Company Debt or other Indebtedness that is not permitted to be Indebtedness of the Borrower under this Agreement, shall have no direct Subsidiaries at the time of such merger or consolidation other than the Borrower and, after giving effect to such
merger or consolidation, the direct parent of the Borrower shall expressly assume all the obligations of Holdings under this Agreement and the other Loan Documents to which Holdings is a party pursuant to a supplement hereto or thereto in form
reasonably satisfactory to the Administrative Agent; 
 (b)    (i) any Restricted Subsidiary that is not a Loan Party
may merge or consolidate with or into any other Restricted Subsidiary of the Borrower that is not a Loan Party, (ii) any Restricted Subsidiary may merge or consolidate with or into any other Restricted Subsidiary of the Borrower that is a Loan
Party, (iii) any merger the sole purpose of which is to reincorporate or reorganize a Loan Party in another jurisdiction in the United States shall be permitted and (iv) any Restricted Subsidiary may liquidate or dissolve or change its
legal form if the Borrower determines in good faith that such action is in the best interests of the Borrower and its Restricted Subsidiaries and is not materially disadvantageous to the Lenders; provided, that (x) in the case of
clauses (ii) through (iv) of this paragraph (b), (A) no Event of Default shall result therefrom, (B) no Change of Control shall result therefrom and (C) the surviving Person (or, with respect to clause
(iv), the Person who receives the assets of such dissolving or liquidated Restricted Subsidiary that is a Guarantor) shall be a Loan Party and (y) in the case of clause (iii) of this paragraph (b), the Borrower
shall provide not less than ten (10) days’ prior written notice to the Administrative Agent of such proposed change; 

(c)     any Restricted Subsidiary may Dispose of all or substantially all of its assets (upon voluntary liquidation or
otherwise) to the Borrower or another Restricted Subsidiary; provided that if the transferor in such a transaction is a Loan Party, then (i) the transferee must be a Loan Party or (ii) such Investment must be a permitted Investment
in a Restricted Subsidiary which is not a Loan Party in accordance with Section 9.2 (other than clause (e) thereof) and must be a permitted Disposition in accordance with
Section 9.5; 
 (d)    so long as no Default exists or would result therefrom, the Borrower may
merge or consolidate with any other Person; provided that (i) the Borrower shall be the continuing or surviving corporation or (ii) if the Person formed by or surviving any such merger or consolidation is not the Borrower (any such
Person, the “Successor Borrower”), (A) the Successor Borrower shall be an entity organized or existing under the laws of the United States, any state thereof or the District of Columbia, (B) the Successor Borrower shall
expressly assume all the obligations of the Borrower under this Agreement and the other Loan Documents to 

  
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which the Borrower is a party pursuant to a supplement hereto or thereto in form reasonably satisfactory to the Administrative Agent, (C) each Guarantor, unless it is the other party to such
merger or consolidation, shall have by a supplement to the Guaranty confirmed that its Guarantee of the Obligations shall apply to the Successor Borrower’s obligations under this Agreement, (D) each Loan Party, unless it is the other party
to such merger or consolidation, shall have by a supplement to the Security Agreement confirmed that its obligations thereunder shall apply to the Successor Borrower’s obligations under this Agreement, (E) each mortgagor of a Mortgaged
Property, unless it is the other party to such merger or consolidation, shall have by an amendment to or restatement of the applicable Mortgage (or other instrument reasonably satisfactory to the Administrative Agent) confirmed that its obligations
thereunder shall apply to the Successor Borrower’s obligations under this Agreement, (F) the Administrative Agent shall have made such filings and received such documents and agreements as may be reasonably required by the Administrative
Agent to continue the perfection of its Liens on the Collateral in accordance with the Loan Documents and (G) the Borrower shall have delivered to the Administrative Agent an officer’s certificate and an opinion of counsel, each stating
that such merger or consolidation and such supplement to this Agreement or any Collateral Document comply with this Agreement and providing for other customary opinions reasonably requested by the Administrative Agent; provided,
further, that if the foregoing are satisfied, the Successor Borrower will succeed to, and be substituted for, the Borrower under this Agreement; 

(e)    so long as no Default exists or would result therefrom, Holdings may merge or consolidate with any other Person;
provided that (A) Holdings shall be the continuing or surviving Person or (B) if the Person formed by or surviving any such merger, amalgamation or consolidation is not Holdings or is a Person into which Holdings has been liquidated
(any such Person, the “Successor Holdings”) (A) the Successor Holdings shall be an entity organized or existing under the laws of the United States, any state thereof, or the District of Columbia, (B) the Successor Holdings
shall expressly assume all the obligations of Holdings under this Agreement and the other Loan Documents to which Holdings is a party pursuant to a supplement hereto or thereto in form reasonably satisfactory to the Administrative Agent and
(C) the Borrower shall have delivered to the Administrative Agent an officer’s certificate and an opinion of counsel, each stating that such merger or consolidation and such supplement to this Agreement or any Collateral Document comply
with this Agreement; provided, further, that if the foregoing are satisfied, the Successor Holdings will succeed to, and be substituted for, Holdings under this Agreement; 

(f)    so long as no Default exists or would result therefrom, any Restricted Subsidiary may merge or consolidate with any
other Person in order to effect an Investment permitted pursuant to Section 9.2 (other than Section 9.2(e)); provided that the continuing or surviving Person shall be the Borrower or a
Restricted Subsidiary, which together with each of its Restricted Subsidiaries, shall have complied with the applicable requirements of Sections 8.11, 8.12 and 8.13; 

(g)    [reserved]; and 

(h)     so long as no Default exists or would result therefrom, a merger, dissolution, liquidation, consolidation or
Disposition, the purpose of which is to effect a Disposition permitted pursuant to Section 9.5 (other than Section 9.5(e)). 

  
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 SECTION 9.5 Dispositions. 

Make any Disposition or enter into any agreement to make any Disposition, except: 

(a) Dispositions of obsolete, worn out, used or surplus property, whether now owned or hereafter acquired, in the ordinary course of business
and Dispositions of property no longer used or useful in the conduct of the business of the Borrower and the Restricted Subsidiaries; 
 (b)
Dispositions of inventory and goods held for sale in the ordinary course of business; 
 (c) Dispositions of property to the extent that
(i) such property is exchanged for credit against the purchase price of similar replacement property or (ii) the proceeds of such Disposition are promptly applied to the purchase price of such replacement property; provided that to
the extent the property being transferred constitutes Current Asset Collateral, such replacement property shall constitute Current Asset Collateral; 

(d) Dispositions of property to the Borrower or a Restricted Subsidiary; provided that if the transferor of such property is a Loan
Party (i) the transferee thereof must be a Loan Party, (ii) such Investment must be a permitted Investment in a Restricted Subsidiary that is not a Loan Party in accordance with Section 9.2 (other than
Section 9.2(e)) or (iii) to the extent constituting a Disposition to a Restricted Subsidiary that is not a Loan Party, such Disposition is for fair value and any promissory note or other non-cash consideration received
in respect thereof is a permitted investment in a Restricted Subsidiary that is not a Loan Party in accordance with Section 9.2 (other than Section 9.2(e)); provided that no Disposition of
Current Asset Collateral (other than Cash and Cash Equivalents) shall be permitted pursuant to this clause (d) unless (A) upon the occurrence and continuation of an Event of Default, such Disposition is made for cash and
(B) the Borrower shall have (1) in respect of any Disposition pursuant to this clause (d) of property with an aggregate fair market value in excess of $2,000,000, delivered to the Administrative Agent written notice of
such disposition in reasonable detail and (2) if requested by the Administrative Agent, delivered to the Administrative Agent an updated Borrowing Base Certificate; provided further that Dispositions of Intellectual Property pursuant to
this Section 9.5(d) shall comply with the terms of Section 9.5(j)(iv); 
 (e) Dispositions permitted
by Sections 9.2 (other than Section 9.2(e)), 9.4 (other than Section 9.4(h)) and 9.6 (other than Section 9.6(d)) and Liens permitted by
Section 9.1 (other than Section 9.1(m)(ii)); 
 (f) so long as no Event of Default
exists or would result therefrom, (other than any such Disposition made pursuant to a legally binding commitment entered into at a time when no Event of Default exists), Dispositions of other real property pursuant to sale-leaseback transactions,
provided that the applicable net proceeds thereof are applied in accordance with the terms of the First Lien Term Facility Credit Agreement, the Second Lien Term Facility Credit Agreement or the documentation relating to any Permitted
Refinancing of the First Lien Term Facility Credit Agreement or the Second Lien Term Facility Credit Agreement (as applicable); 
 (g) any
issuance or sale of Equity Interests in, or sale of Indebtedness or other securities of, an Unrestricted Subsidiary; 

  
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 (h) leases, subleases, licenses or sublicenses (including the provision of software under an
open source license), in each case in the ordinary course of business and which do not materially interfere with the business of the Borrower and the Restricted Subsidiaries, taken as a whole; 

(i) [Reserved]; 
 (j)
Dispositions of property (other than Current Asset Collateral) not otherwise permitted under this Section 9.5; provided that (i) at the time of such Disposition (other than any such Disposition made pursuant to
a legally binding commitment entered into at a time when no Default exists), no Default shall exist or would result from such Disposition; (ii) with respect to any Disposition pursuant to this clause (j) for a purchase price
in excess of $15,000,000, the Borrower or any of the Restricted Subsidiaries shall receive not less than 75% of such consideration in the form of cash or Cash Equivalents (in each case, free and clear of all Liens at the time received, other than
nonconsensual Liens permitted by Section 9.1 and Liens permitted by Sections 9.1(a), (m), (s), (t), (w), (x), (y) and (ee)); provided, however, that for the
purposes of this clause (ii), (A) any liabilities (as shown on the Borrower’s or such Restricted Subsidiary’s most recent balance sheet provided hereunder or in the footnotes thereto) of the Borrower or such Restricted Subsidiary, other
than liabilities that are by their terms subordinated to the payment in cash of the Obligations, that are assumed by the transferee with respect to the applicable Disposition and for which the Borrower and all of the Restricted Subsidiaries shall
have been validly released by all applicable creditors in writing, (B) any securities received by such Restricted Subsidiary from such transferee that are converted by such Restricted Subsidiary into cash (to the extent of the cash received)
within one hundred and eighty (180) days following the closing of the applicable Disposition and (C) any Designated Non-Cash Consideration received in respect of such Disposition having an aggregate fair market value as determined by the
Borrower in good faith, taken together with all other Designated Non-Cash Consideration received pursuant to this clause (C) that is at that time outstanding, not in excess of the greater of $25,000,000 and 1.00% of Total Assets
at the time of the receipt of such Designated Non-Cash Consideration, with the fair market value of each item of Designated Non-Cash Consideration being measured at the time received and without giving effect to subsequent changes in value, shall be
deemed to be cash; (iii) proceeds of such Dispositions are applied in accordance with the First Lien Term Facility Credit Agreement and the Second Lien Term Facility Credit Agreement; and (iv) in the event of a Disposition of Intellectual
Property used or useful in connection with the Current Asset Collateral, the purchaser, assignee or other transferee thereof agrees in writing to be bound by a non-exclusive royalty-free worldwide license of such Intellectual Property in favor of
the Administrative Agent for use in connection with the exercise of the rights and remedies of the Secured Parties, which license shall be in form and substance reasonably satisfactory to the Administrative Agent, and provided further that in
the case of a Disposition of Intellectual Property licensed by the Borrower or one of its Restricted Subsidiaries from a third party, the transferee thereof shall be required to provide such a license only to the extent to which the applicable
license gives it a right to do so; 
 (k) Dispositions of Investments in joint ventures to the extent required by, or made pursuant to
customary buy/sell arrangements between, the joint venture parties set forth in joint venture arrangements and similar binding arrangements; 

  
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 (l) bulk sales or other Dispositions of the Inventory of a Loan Party in connection with
Store closings, at arm’s length, provided that (i) all Net Cash Proceeds received in connection therewith are applied to the Obligations if then required in accordance with Section 2.9 hereof and
(ii) such store closures and related Inventory dispositions shall not exceed in any transaction or series of related transactions, ten percent (10%) of the number of the Loan Parties’ stores as of the date of such bulk sale or other
Disposition, unless the Borrower shall have delivered to the Administrative Agent an updated Borrowing Base Certificate; provided further that in connection with any store closures which exceed fifteen percent (15%) in the aggregate during
any twelve-month period of the number of the Loan Parties’ stores in existence at the beginning of such period (net of new store openings), (x) the Borrower shall have delivered immediately prior to such event written notice of such
Disposition in reasonable detail, (y) if requested by the Administrative Agent, the Borrower shall permit an updated Inventory appraisal in form and detail and from an appraiser reasonably satisfactory to the Administrative Agent and
(z) such store closures shall be made by a liquidator or under the supervision of a consultant (such liquidator or consultant shall be reasonably acceptable to the Administrative Agent) and pursuant to liquidation or consulting arrangements
reasonably acceptable to the Administrative Agent; 
 (m) [reserved]; 

(n) the unwinding of any Swap Contract; 

(o) the lapse or abandonment in the ordinary course of business of any registrations or applications for registration of any immaterial IP
Rights; 
 (p) to the extent allowable under Section 1031 of the Code (or comparable or successor provision), any exchange of like
property not constituting Current Asset Collateral (excluding any boot thereon permitted by such provision) for use in any business conducted by the Borrower or any of its Restricted Subsidiaries that is not in contravention of
Section 9.7; 
 (q) Dispositions of accounts receivable in connection with the collection or compromise thereof,
provided that no disposition of Eligible Accounts shall be permitted pursuant to this clause (q) unless the Borrower shall have (i) delivered to the Administrative Agent written notice of such disposition in reasonable
detail and (ii) if requested by the Administrative Agent, delivered to the Administrative Agent an updated Borrowing Base Certificate; 

(r) sales or other dispositions by the Borrower or any Restricted Subsidiary of assets in connection with the closing or sale of a Store
permitted under clause (l) of this Section 9.5 which consist of leasehold interests in the premises of such Store, the equipment and fixtures located at such premises and the books and records relating
exclusively and directly to the operations of such Store; provided that as to each and all such sales and closings, (A) no Event of Default shall result therefrom and (B) such sale shall be on commercially reasonable prices and terms in a
bona fide arm’s length transaction; 
 (s) so long as no Event of Default exists or would arise as a result of the transaction, sales
of a Subsidiary or any business segment which is a Non-Core Business Segment, or any 

  
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portion thereof, (i) to any Person other than a Loan Party or a Subsidiary or a Sponsor, for fair market value and so long as the consideration received for such sale or transfer is at least
85% cash or Cash Equivalents, or (ii) to a Subsidiary or Sponsor, if the Payment Conditions are satisfied, such sale or transfer is for fair market value and the entire consideration received for such sale or transfer is paid in cash or Cash
Equivalents, provided that, in each case, such sale shall be in an amount at least equal to the greater of the amounts advanced or available to be advanced against the assets included in the sale under the Borrowing Base, and further provided that
all Net Cash Proceeds, if any, received in connection with any such sales are applied to prepay the Loans pursuant to, and to the extent required by, Section 2.9(b); and 

(t) Dispositions of Cash Equivalents; 

provided that any Disposition of any property pursuant to this Section 9.5 (except pursuant to Sections 9.5(e),
(i), (k), (n), and (o) and except for Dispositions from the Borrower or a Restricted Subsidiary that is a Loan Party to the Borrower or a Restricted Subsidiary that is a Loan Party), shall be for no less than
the fair market value of such property at the time of such Disposition as determined by the Borrower in good faith. To the extent any Collateral is Disposed of as expressly permitted by this Section 9.5 to any Person other
than a Loan Party, such Collateral shall be sold free and clear of the Liens created by the Loan Documents, and, if requested by the Administrative Agent, upon the certification by the Borrower that such Disposition is permitted by this Agreement,
the Administrative Agent shall be authorized to take any actions deemed appropriate in order to effect the foregoing. 
 SECTION 9.6
Restricted Payments. 
 Declare or make, directly or indirectly, any Restricted Payment, except: 

(a) each Restricted Subsidiary may make Restricted Payments to the Borrower and to its other Restricted Subsidiaries (and, in the case of a
Restricted Payment by a non-wholly owned Restricted Subsidiary, to the Borrower and any of its other Restricted Subsidiaries and to each other owner of Equity Interests of such Restricted Subsidiary based on their relative ownership interests of the
relevant class of Equity Interests); 
 (b) the Borrower and each of its Restricted Subsidiaries may declare and make dividend payments or
other distributions payable solely in the Equity Interests (other than Disqualified Equity Interests not otherwise permitted by Section 9.3) of such Person; 

(c) [Reserved]; 
 (d) to the
extent constituting Restricted Payments, the Borrower and the Restricted Subsidiaries may enter into and consummate transactions expressly permitted by any provision of Section 9.2 (other than
Section 9.2(e)), 9.4 (other than a merger or consolidation of Holdings and the Borrower) or 9.8 (other than Section 9.8(a), (j) or (k)); 

(e) repurchases of Equity Interests in Holdings, the Borrower or any of the Restricted Subsidiaries deemed to occur upon exercise of stock
options or warrants or similar rights if such Equity Interests represent a portion of the exercise price of such options or warrants or similar rights; 

  
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 (f) the Borrower may pay (or make Restricted Payments to allow Holdings or any direct or
indirect parent thereof to pay) for the repurchase, retirement or other acquisition or retirement for value of Equity Interests of Holdings (or of any direct or indirect parent thereof) held by any future, present or former employee, director,
consultant or distributor (or any spouses, former spouses, successors, executors, administrators, heirs, legatees or distributees of any of the foregoing) of the Borrower (or any direct or indirect parent of the Borrower) or any of its Subsidiaries
upon the death, disability, retirement or termination of service or employment of any such Person or otherwise pursuant to any employee or director equity plan, employee or director stock option plan or any other employee or director benefit plan or
any agreement (including any stock subscription or shareholder agreement) with any employee, director, consultant or distributor of the Borrower (or any direct or indirect parent of the Borrower) or any of its Subsidiaries in an aggregate amount
after the Restatement Effective Date together with the aggregate amount of loans and advances to Holdings made pursuant to Section 9.2(l) in lieu of Restricted Payments permitted by this clause (f) not to exceed
$15,000,000 in any calendar year with unused amounts in any calendar year being carried over to the next two succeeding calendar years; provided, that such amount in any calendar year may be increased by an amount not to exceed the cash
proceeds of key man life insurance policies received by the Borrower or its Restricted Subsidiaries after the Restatement Effective Date; 

(g) the Borrower may make Restricted Payments to Holdings or to any direct or indirect parent of Holdings: 

(i) the proceeds of which will be used to pay (or make Restricted Payments to allow any direct or indirect corporate parent (or
entity treated as a corporation for tax purposes) thereof to pay) the tax liability (including estimated tax payments) to each foreign, federal, state or local jurisdiction in respect of which a consolidated, combined, unitary or affiliated return
is filed by Holdings (or such direct or indirect corporate parent) that includes the Borrower and/or any of its Subsidiaries, to the extent such tax liability does not exceed the lesser of (A) the taxes (including estimated tax payments) that
would have been payable by the Borrower and/or its Subsidiaries as a stand-alone consolidated, combined, unitary or affiliated group and (B) the actual tax liability (including estimated tax payments) of Holdings’ consolidated, combined,
unitary or affiliated group (or, if Holdings is not the parent of the actual group, the taxes that would have been paid by Holdings, the Borrower and/or the Borrower’s Subsidiaries as a stand-alone
group), reduced in the case of clauses (A) and (B) by any such taxes paid or to be paid directly by the Borrower or its Subsidiaries; 

(ii) the proceeds of which shall be used to pay (or make Restricted Payments to allow any direct or indirect parent thereof to
pay) operating costs and expenses of Holdings or its direct or indirect parents thereof which do not own other Subsidiaries besides Holdings, its Subsidiaries and any other direct or indirect parents of Holdings incurred in the ordinary course of
business and other corporate overhead costs and expenses (including administrative, legal, accounting and similar expenses provided by third parties), which are reasonable and customary and incurred in the ordinary course of business, attributable
to the ownership or operations of the Borrower and its Subsidiaries; 

  
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 (iii) the proceeds of which shall be used to pay (or make Restricted
Payments to allow any direct or indirect parent thereof which does not own other Subsidiaries besides Holdings, its Subsidiaries and any direct or indirect corporate parent (or entity treated as a corporation for tax purposes) of Holdings to pay)
franchise taxes and other fees, taxes and expenses required to maintain its (or any of such direct or indirect parent’s) corporate or legal existence; 

(iv) to finance any Investment permitted to be made pursuant to Section 9.2; provided that
(A) such Restricted Payment shall be made substantially concurrently with the closing of such Investment and (B) Holdings and the Borrower shall, immediately following the closing thereof, cause (1) all property acquired (whether
assets or Equity Interests) to be contributed to the Borrower or a Restricted Subsidiary or (2) the merger (to the extent permitted in Section 9.4) of the Person formed or acquired into the Borrower or a Restricted
Subsidiary in order to consummate such Permitted Acquisition, in each case, in accordance with the requirements of Sections 8.11, 8.12 and 9.2; 

(v) the proceeds of which shall be used to pay (or make Restricted Payments to allow any direct or indirect parent thereof to
pay) costs, fees and expenses (other than to Affiliates) related to any unsuccessful equity or debt offering permitted by this Agreement; and 

(vi) the proceeds of which (A) shall be used to pay customary salary, bonus and other benefits payable to officers and
employees of Holdings or any direct or indirect parent company of Holdings to the extent such salaries, bonuses and other benefits are attributable to the ownership or operation of the Borrower and the Restricted Subsidiaries or (B) shall be
used to make payments permitted under Sections 9.8(e), (h), (k) and (p) (but only to the extent such payments have not been and are not expected to be made by the Borrower or a Restricted Subsidiary); 

(h) the Borrower or any of the Restricted Subsidiaries may pay cash in lieu of fractional Equity Interests in connection with any dividend,
split or combination thereof or any Permitted Acquisition; 
 (i) the declaration and payment of dividends on the Borrower’s common
stock following the first public offering of the Borrower’s common stock or the common stock of any of its direct or indirect parents after the Restatement Effective Date, of up to 6.00% per annum of the net proceeds received by or contributed
to the Borrower in or from any such public offering, other than public offerings with respect to the Borrower’s common stock registered on Form S-4 or Form S-8; 

(j) repurchases of Equity Interests (i) deemed to occur on the exercise of options by the delivery of Equity Interests in satisfaction of
the exercise price of such options or (ii) in consideration of withholding or similar taxes payable by any future, present or former employee, director, manager or consultant (or any spouses, former spouses, successors, executors,
administrators, heirs, legatees or distributees of any of the foregoing), including deemed repurchases in connection with the exercise of stock options; 

  
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 (k) each of Holdings and the Borrower may make the Restatement Effective Date Dividend; 

(l) without duplication of any other clauses of this Section 9.6, other Restricted Payments that do not exceed
$25,000,000 in the aggregate at any time outstanding, so long as the Payment Conditions shall have been satisfied after giving effect thereto; and 

(m) Restricted Payments so long as the RP Conditions shall have been satisfied. 

SECTION 9.7 Change in Nature of Business. 

Engage in any material line of business substantially different from those lines of business conducted by the Borrower and the Restricted
Subsidiaries on the Restatement Effective Date or any business reasonably related or ancillary thereto. 
 SECTION 9.8 Transactions with
Affiliates. 
 Enter into any transaction of any kind with any Affiliate of the Borrower, whether or not in the ordinary course of
business, other than: 
 (a) transactions between or among the Borrower or any of the Restricted Subsidiaries or any entity that becomes a
Restricted Subsidiary as a result of such transaction; 
 (b) transactions on terms substantially as favorable to the Borrower or such
Restricted Subsidiary as would be obtainable by the Borrower or such Restricted Subsidiary at the time in a comparable arm’s-length transaction with a Person other than an Affiliate; 

(c) the Transaction and the payment of fees and expenses (including the Transaction Expenses) related to the Transaction; 

(d) [Reserved]; 
 (e) the
payment of management, consulting, monitoring, advisory and other fees, indemnities and expenses to the Sponsor pursuant to the Sponsor Management Agreement (plus any unpaid management, consulting, monitoring, advisory and other fees, indemnities
and expenses accrued in any prior year) and any Sponsor Termination Fees pursuant to the Sponsor Management Agreement; 
 (f) employment,
severance and other similar arrangements between Holdings, the Borrower and the Restricted Subsidiaries and their respective officers and employees in the ordinary course of business and transactions pursuant to stock option plans and employee
benefit plans and arrangements; 
 (g) the non-exclusive licensing of trademarks, copyrights or other IP Rights in the ordinary course of
business to permit the commercial exploitation of IP Rights between or among Affiliates and Subsidiaries of the Borrower; 

  
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 (h) the payment of customary fees and reasonable out-of-pocket costs to, and indemnities
provided on behalf of, directors, officers and employees of Holdings and the Restricted Subsidiaries or any direct or indirect parent of Holdings in the ordinary course of business to the extent attributable to the ownership or operation of the
Borrower and the Restricted Subsidiaries; 
 (i) any agreement, instrument or arrangement as in effect as of the Restatement Effective Date
and set forth on Schedule 9.8, or any amendment thereto (so long as any such amendment is not adverse to the Lenders in any material respect as compared to the applicable agreement as in effect on the Restatement Effective Date); 

(j) Restricted Payments permitted under Section 9.6; 

(k) customary payments by the Borrower and any of the Restricted Subsidiaries to the Sponsor made for any financial advisory, financing,
underwriting or placement services or in respect of other investment banking activities (including in connection with acquisitions or divestitures), which payments are approved by the majority of the members of the board of directors or a majority
of the disinterested members of the board of directors of Holdings in good faith; 
 (l) transactions in which the Borrower or any of the
Restricted Subsidiaries, as the case may be, delivers to the Administrative Agent a letter from an Independent Financial Advisor stating that such transaction is fair to the Borrower or such Restricted Subsidiary from a financial point of view or
meets the requirements of clause (b) of this Section 9.8; 
 (m) the issuance or transfer of
Equity Interests (other than Disqualified Equity Interests) of Holdings to any Permitted Holder or to any former, current or future director, manager, officer, employee or consultant (or any spouses, former spouses, successors, executors,
administrators, heirs, legatees or distributees of any of the foregoing) of the Borrower, any of its Subsidiaries or any direct or indirect parent thereof to the extent otherwise permitted by this Agreement and to the extent such issuance or
transfer would not give rise to a Change of Control; 
 (n) investments by the Sponsor or the Co-Investors in securities of Holdings, the
Borrower or any of the Restricted Subsidiaries so long as (A) the investment is being offered generally to other investors on the same or more favorable terms and (B) the investment constitutes less than 5.00% of the proposed or
outstanding issue amount of such class of securities; 
 (o) payments to or from, and transactions with, Joint Ventures (to the extent any
such Joint Venture is only an Affiliate as a result of Investments by the Borrower and the Restricted Subsidiary in such Joint Venture) in the ordinary course of business to the extent otherwise permitted under Section 9.2;

 (p) the payment of reasonable out-of-pocket costs and expenses relating to registration rights and indemnities provided to shareholders
of Holdings or any direct or indirect parent thereof pursuant to the stockholders agreement or the registration and participation rights agreement entered into on the Effective Date in connection therewith; and 

  
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 (q) the payment of any dividend or distribution within sixty (60) days after the date
of declaration thereof, if at the date of declaration (i) such payment would have complied with the provisions of this Agreement and (ii) no Event of Default occurred and was continuing. 

SECTION 9.9 Burdensome Agreements. 

Enter into or permit to exist any Contractual Obligation (other than this Agreement or any other Loan Document) that prohibits, restricts,
imposes any condition on or limits the ability of (a) any Restricted Subsidiary that is not a Loan Party to make Restricted Payments to (directly or indirectly) or to make or repay loans or advances to any Loan Party or to Guarantee the
Obligations of any Loan Party under the Loan Documents or (b) any Loan Party to create, incur, assume or suffer to exist Liens on property of such Person for the benefit of the Lenders with respect to the Facility and the Obligations under the
Loan Documents; provided that the foregoing clauses (a) and (b) shall not apply to Contractual Obligations that: 

(i) (x) exist on the Restatement Effective Date and (to the extent not otherwise permitted by this
Section 9.9) are listed on Schedule 9.9 hereto and (y) to the extent Contractual Obligations permitted by clause (x) are set forth in an agreement evidencing Indebtedness, are set forth in any agreement
evidencing any permitted modification, replacement, renewal, extension or refinancing of such Indebtedness so long as such modification, replacement, renewal, extension or refinancing does not expand the scope of such Contractual Obligation, 

(ii) are binding on a Restricted Subsidiary at the time such Restricted Subsidiary first becomes a Restricted Subsidiary, so
long as such Contractual Obligations were not entered into in contemplation of such Person becoming a Restricted Subsidiary; 

(iii) represent Indebtedness of a Restricted Subsidiary that is not a Loan Party that is permitted by
Section 9.3; 
 (iv) are customary restrictions that arise in connection with (x) any Lien
permitted by Sections 9.1(a), (m), (s), (t), (w), (x), (y), (dd) and (ee) and relate to the property subject to such Lien or (y) any Disposition permitted by
Section 9.5 applicable pending such Disposition solely to the assets subject to such Disposition; 

(v) are customary provisions in joint venture agreements and other similar agreements applicable to joint ventures permitted
under Section 9.2 and applicable solely to such joint venture entered into in the ordinary course of business; 

(vi) are negative pledges and restrictions on Liens in favor of any holder of Indebtedness permitted under
Section 9.3 but solely to the extent any negative pledge relates to the property financed by or the subject of such Indebtedness (and excluding in any event any Indebtedness constituting any Junior Financing) and the
proceeds and products thereof and, in the case of the First Lien Term Facility, the Second Lien Term Facility and any Permitted Refinancing thereof, permit the Liens securing the Obligations without restriction (subject to the Intercreditor
Agreement); 

  
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 (vii) are customary restrictions on leases, subleases, licenses or asset
sale agreements otherwise permitted hereby so long as such restrictions relate to the assets subject thereto; 
 (viii)
comprise restrictions imposed by any agreement relating to secured Indebtedness permitted pursuant to Sections 9.3(e), (m)(i), (r) or (v) to the extent that such restrictions apply only to the property or
assets securing such Indebtedness; 
 (ix) are customary provisions restricting subletting or assignment of any lease
governing a leasehold interest of any Restricted Subsidiary; 
 (x) are customary provisions restricting assignment of any
agreement entered into in the ordinary course of business; 
 (xi) are restrictions on cash or other deposits imposed by
customers under contracts entered into in the ordinary course of business; 
 (xii) are customary restrictions contained in
the First Lien Term Facility Credit Agreement, the First Lien Term Facility Documentation, the Second Lien Term Facility Credit Agreement, the Second Lien Term Facility Documentation and any Permitted Refinancing of any of the foregoing; 

(xiii) arise in connection with cash or other deposits permitted under Section 9.1; 

(xiv) comprise restrictions imposed by any agreement governing Indebtedness entered into after the Restatement Effective Date
and permitted under Section 9.3 that are, taken as a whole, in the good faith judgment of the Borrower, no more restrictive with respect to the Borrower or any Restricted Subsidiary than customary market terms for
Indebtedness of such type (and, in any event, are no more restrictive than the restrictions contained in this Agreement), so long as the Borrower shall have determined in good faith that such restrictions will not affect its obligation or ability to
make any payments required hereunder; or 
 (xv) apply by reason of any applicable Law, rule, regulation or order or are
required by any Governmental Authority having jurisdiction over any Restricted Subsidiary’s status (or the status of any Subsidiary of such Restricted Subsidiary) as a Captive Insurance Subsidiary. 

SECTION 9.10 [Reserved]. 

SECTION 9.11 Fiscal Year. 

Make any change in Fiscal Year; provided, however, that the Borrower may, upon written notice to the Administrative Agent, change
its Fiscal Year to any other fiscal year reasonably acceptable to the Administrative Agent, in which case the Borrower and the Administrative Agent will, and are hereby authorized by the Lenders to, make any adjustments to this Agreement that are
necessary to reflect such change in fiscal year. 

  
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 SECTION 9.12 Prepayments, Etc. of Indebtedness. 

Prepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled maturity thereof in any manner (it being understood that payments
of regularly scheduled principal and interest and mandatory prepayments of principal and interest shall be permitted) any Indebtedness, except (i) so long as the RP Conditions are satisfied after giving effect thereto, any prepayment,
redemption, purchase, defeasance or other satisfaction of Indebtedness; (ii) the refinancing of any Indebtedness with the Net Cash Proceeds of, or in exchange for, any Permitted Refinancing, to the extent not required to be applied to
prepayments pursuant to the First Lien Term Facility or the Second Lien Term Facility; (iii) the conversion (or exchange) of any Indebtedness to Equity Interests (other than Disqualified Equity Interests) or Indebtedness of Holdings or any of
its direct or indirect parents; (iv) the prepayment of Indebtedness of the Borrower or any Restricted Subsidiary owed to Holdings, the Borrower or a Restricted Subsidiary or the prepayment of any Indebtedness with the proceeds of any other
Indebtedness otherwise permitted by Section 9.3; (v) any Permitted Refinancing of any Indebtedness; (vi) any prepayment, redemption, purchase, defeasance or other satisfaction with the Net Cash Proceeds of any
Permitted Equity Issuance; and (vii) the prepayment of Indebtedness incurred pursuant to clauses (e), (f), (h), (k) and (v) of Section 9.3; 

SECTION 9.13 [Reserved]. 

SECTION 9.14 Modification of Debt Agreements. 

Amend, modify or change in any manner materially adverse to the interest of the Lenders any term or condition of (i) any Material
Indebtedness (other than as a result of a Permitted Refinancing thereof and in any event excluding the First Lien Term Facility, the Second Lien Term Facility and any Permitted Refinancing thereof and any Indebtedness hereunder) without the consent
of the Administrative Agent (not to be unreasonably withheld or delayed) or (ii) the First Lien Term Facility, the Second Lien Term Facility or any refinancing Indebtedness in respect thereof that would (A) shorten the maturity date of the
First Lien Term Facility, the Second Lien Term Facility or such refinancing Indebtedness (as the case may be) to a date which is prior to ninety-one (91) days after the Latest Maturity Date or (B) shorten the date scheduled for any
principal payment or increase the amount of any required principal payment, the result of which would be to require principal payments on account thereof in excess of the amounts previously required over the twenty-four (24) months following
such amendment, modification or waiver. 
 SECTION 9.15 Holdings. 

In the case of Holdings, conduct, transact or otherwise engage in any business or operations other than the following (and activities
incidental thereto): (i) its ownership of the Equity Interests of the Borrower, (ii) the maintenance of its legal existence (including the ability to incur fees, costs and expenses relating to such maintenance), (iii) the performance of its
obligations with respect to the Loan Documents, the First Lien Term Facility, the Second Lien Term Facility, any Qualified Holding Company Debt, (iv) any public offering of its common stock or any other issuance of its Equity Interests
(including Qualified Equity Interests), (v) any transaction permitted under Section 9.4, (vi) the making of payments or restricted payments (x) 

  
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to the extent otherwise permitted under this Section 9.15 and (y) with any amounts received in any transaction permitted under
Section 9.6, (vii) the incurrence of Qualified Holding Company Debt, (viii) making contributions to the capital of its Subsidiaries, (ix) guaranteeing the obligations of the Borrower and its Subsidiaries solely to
the extent such obligations of the Borrower and its Subsidiaries are not prohibited hereunder, (x) participating in tax, accounting and other administrative matters as a member of the consolidated group of Holdings and the Borrower,
(xi) holding any cash or property received in connection with Restricted Payments made by the Borrower in accordance with Section 9.6 pending application thereof by Holdings, (xii) providing indemnification to officers and directors,
(xiii) the making of Investments in assets that are Cash Equivalents and (xiv) activities incidental to the businesses or activities described in clauses (i) to (xiii) of this
Section 9.15. 
 ARTICLE X 

EVENTS OF DEFAULT 

SECTION 10.1 Events of Default. 

Each of the events referred to in clauses (a) through (l) of this Section 10.1 shall
constitute an “Event of Default”: 
 (a) Non-Payment. The Borrower fails to (i) pay when and as required to be
paid herein, any amount of principal of any Loan or any Reimbursement Obligation or deliver any cash collateral or letter of credit required to be delivered pursuant to Section 2.4(b), or (ii) pay within five
(5) Business Days after the same becomes due, any interest on any Loan or any other amount payable hereunder or with respect to any other Loan Document; or 

(b) Specific Covenants. 

(i) The Borrower, any Restricted Subsidiary or, in the case of Section 9.15, Holdings, fails to
perform or observe any term, covenant or agreement contained in (A) Article VI; provided, that, any failure to comply with Article VI shall be subject to cure to the extent provided in
Section 10.4, (B) Section 7.2(a), (C) Section 7.3(a), (D) Section 8.1(a) (solely with respect to the Borrower), (E) Section 8.9 or
(F) Article IX; or 
 (ii) during the continuation of any Cash Dominion Period the Borrower or any Subsidiary
Guarantor fails to perform or observe (or to cause to be performed or observed) any covenant or agreement contained in Section 8.12; or 

(iii) the Borrower or any Subsidiary Guarantor fails to perform or observe (or to cause to be performed or observed) any
covenant or agreement contained in (x) Section 7.4(a) and such failure continues for five (5) Business Days or (y) Section 7.4(b) and such failure continues for three
(3) Business Days; or 
 (iv) the Borrower or any Subsidiary Guarantor fails to perform or observe (or to cause to be
performed or observed) any covenant or agreement contained in Section 8.5 in respect of any insurance covering Current Asset Collateral and such failure continues for ten (10) Business Days; or 

  
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 (c) Other Defaults. Any Loan Party fails to perform or observe any other covenant or
agreement (not specified in Section 10.1(a) or (b) above and, for the purpose of clarity, including any failure to perform or observe any covenant or agreement contained in (x) Section 8.12
other than during the continuation of any Cash Dominion Period or (y) Section 8.5 other than with respect to insurance covering Current Asset Collateral) contained in any Loan Document on its part to be performed
or observed and such failure continues for thirty (30) days after the earlier of (x) the date that the Borrower becomes aware of any such failure and (y) receipt by the Borrower of written notice thereof from the Administrative Agent;
or 
 (d) Representations and Warranties. Any representation, warranty, certification or statement of fact made or deemed made by any
Loan Party herein, in any other Loan Document, or in any document required to be delivered in connection herewith or therewith shall be untrue in any material respect when made or deemed made; or 

(e) Cross-Default. Any Loan Party or any Restricted Subsidiary (A) fails to make any payment beyond the applicable grace period,
if any, whether by scheduled maturity, required prepayment, acceleration, demand, or otherwise, in respect of any Indebtedness (other than Indebtedness hereunder) having an aggregate outstanding principal amount (individually or in the aggregate
with all other Indebtedness as to which such a failure shall exist) of not less than $35,000,000, or (B) fails to observe or perform any other agreement or condition relating to any such Indebtedness, or any other event occurs (other than, with
respect to Indebtedness consisting of Swap Contracts, termination events or equivalent events pursuant to the terms of such Swap Contracts and not as a result of any default thereunder by the Borrower or any Subsidiary Guarantor) the effect of which
default or other event is to cause, or to permit the holder or holders of such Indebtedness (or a trustee or agent on behalf of such holder or holders or beneficiary or beneficiaries) to cause, with the giving of notice if required, such
Indebtedness to become due or to be repurchased, prepaid, defeased or redeemed (automatically or otherwise), or an offer to repurchase, prepay, defease or redeem such Indebtedness to be made, prior to its stated maturity; provided that this
clause (e)(B) shall not apply to secured Indebtedness that becomes due as a result of the voluntary sale or transfer of the property or assets securing such Indebtedness, if such sale or transfer is permitted hereunder and under the documents
providing for such Indebtedness; provided further that such failure is unremedied and is not waived by the holders of such Indebtedness prior to any termination of the Aggregate Commitments or acceleration of the Loans pursuant to
Section 10.2; provided that (I) no such event under the First Lien Term Facility (other than a payment default or any default relating to insolvency or any proceeding under any Debtor Relief Law) shall
constitute an Event of Default under this Section 8.1(e) until the earliest to occur of (x) the date that is thirty (30) days after such event or circumstance (but only if such event or circumstance has not been waived or
cured), (y) the acceleration of the Indebtedness under the First Lien Term Facility and (z) the exercise of any remedies by the First Lien Term Facility Administrative Agent or collateral agent or any lenders under the First Lien Term Facility
in respect of any Collateral and (II) no such event under the Second Lien Term Facility (other than a payment default or any default relating to insolvency or any proceeding under any Debtor Relief Law) shall constitute an Event of Default
under this Section 8.1(e) until the earliest to occur of (x) the date that is thirty (30) days after such event or circumstance (but only if such event or circumstance has not been waived or cured), (y) the
acceleration of the Indebtedness under the Second Lien Term Facility and (z) the exercise of any 

  
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remedies by the Second Lien Term Facility Administrative Agent or collateral agent or any lenders under the Second Lien Term Facility in respect of any Collateral; or 

(f) Insolvency Proceedings, Etc. Holdings, the Borrower or any Material Subsidiary institutes or consents to the institution of any
proceeding under any Debtor Relief Law, or makes an assignment for the benefit of creditors; or applies for or consents to the appointment of any receiver, trustee, custodian, conservator, liquidator, rehabilitator, administrator, administrative
receiver or similar officer for it or for all or any material part of its property; or any receiver, trustee, custodian, conservator, liquidator, rehabilitator, administrator, administrative receiver or similar officer is appointed without the
application or consent of such Person and the appointment continues undischarged or unstayed for sixty (60) calendar days; or any proceeding under any Debtor Relief Law relating to any such Person or to all or any material part of its property
is instituted without the consent of such Person and continues undismissed or unstayed for sixty (60) calendar days, or an order for relief is entered in any such proceeding; or 

(g) Judgments. There is entered against Holdings, the Borrower, any Subsidiary Guarantor or any Restricted Subsidiary a final judgment
or order for the payment of money in an aggregate amount exceeding $35,000,000 (to the extent not covered by independent third-party insurance as to which the insurer has been notified of such judgment or order and has not denied or failed to
acknowledge coverage thereof) and such judgment or order shall not have been satisfied, vacated, discharged or stayed or bonded pending an appeal for a period of sixty (60) consecutive days; or 

(h) ERISA. (i) An ERISA Event occurs with respect to a Pension Plan or Multiemployer Plan which has resulted or would reasonably be
expected to result in liability of the Borrower or any Subsidiary Guarantor or their respective ERISA Affiliates under Title IV of ERISA in an aggregate amount which would reasonably be expected to result in a Material Adverse Effect, (ii) the
Borrower or any Subsidiary Guarantor or any of their respective ERISA Affiliates fails to pay when due, after the expiration of any applicable grace period, any installment payment with respect to its Withdrawal Liability under Section 4201 of
ERISA under a Multiemployer Plan in an aggregate amount which would reasonably be expected to result in a Material Adverse Effect, or (iii) with respect to a Foreign Plan, a termination, withdrawal or noncompliance with applicable law or plan
terms that would reasonably be expected to result in a Material Adverse Effect; or 
 (i) Invalidity of Loan Documents. Any material
provision of any Loan Document at any time after its execution and delivery and for any reason other than as expressly permitted hereunder or thereunder (including as a result of a transaction permitted under Section 9.4 or
9.5) or the satisfaction in full of all the Obligations (or, to the extent not satisfied, arrangements satisfactory to the applicable Secured Party have been made in accordance with Section 11.11(a)), ceases to be in full force
and effect; or any Loan Party contests in writing the validity or enforceability of the Loan Documents, taken as a whole; or any Loan Party denies in writing that it has any or further liability or obligation under any Loan Document (other than as a
result of repayment in full of the Obligations and termination of the Aggregate Commitments), or purports in writing to revoke or rescind any Loan Document; or 

  
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 (j) Collateral Documents. Any Collateral Document after delivery thereof pursuant to
Section 4.1 or 8.11 shall for any reason (other than pursuant to the terms hereof or thereof including as a result of a transaction permitted under Section 9.4 or 9.5) cease to
create, or any Lien purported to be created by any Collateral Document shall be asserted in writing by any Loan Party not to be, a valid and perfected lien, with the priority required by the Collateral Documents (or other security purported to be
created on the applicable Collateral) on and security interest in any material portion of the Collateral purported to be covered thereby, subject to Liens permitted under Section 9.1, except to the extent that any such loss
of perfection or priority results from the failure of the Administrative Agent to maintain possession of certificates actually delivered to it representing securities pledged under the Collateral Documents or to file UCC continuation statements and
except as to Collateral consisting of real property to the extent that such losses are covered by a lender’s title insurance policy and such insurer has not denied coverage; or 

(k) Junior Financing Documentation. (i) Any of the Obligations of the Loan Parties under the Loan Documents for any reason shall
cease to be “Senior Indebtedness” (or any comparable term) or “Senior Secured Financing” (or any comparable term) under, and as defined in any Junior Financing Documentation governing Junior Financing subordinated in right
of payment to the Obligations under the Loan Documents with an aggregate principal amount of not less than $35,000,000 or (ii) the subordination provisions set forth in any Junior Financing Documentation governing Junior Financing subordinated
in right of payment to the Obligations under the Loan Documents with an aggregate principal amount of not less than $35,000,000 shall, in whole or in part, cease to be effective or cease to be legally valid, binding and enforceable against the
holders of any such Junior Financing, if applicable; or 
 (l) Change of Control. There occurs any Change of Control. 

SECTION 10.2 Remedies upon Event of Default. 

(a) If any Event of Default occurs and is continuing, the Administrative Agent may, and shall at the request of, the Requisite Lenders take any
or all of the following actions: 
 (i) declare the Commitments of each Lender and any obligation of the Issuers to Issue
Letters of Credit to be terminated, whereupon such Commitments and obligation shall be terminated; 
 (ii) declare the unpaid
principal amount of all outstanding Loans, all interest accrued and unpaid thereon, and all other amounts owing or payable hereunder or under any other Loan Document to be immediately due and payable, without presentment, demand, protest or other
notice of any kind, all of which are hereby expressly waived by the Borrower; 
 (iii) require that the Borrower Cash
Collateralize the Letter of Credit Obligations (in an amount equal to 101% of the then Outstanding Amount thereof); and 

(iv) exercise on behalf of itself and the Lenders all rights and remedies available to it and the Lenders under the Loan
Documents or applicable Law; 

  
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 provided that upon the occurrence of an actual or deemed entry of an order for relief with respect to
the Borrower under the Bankruptcy Code of the United States, the Commitments of each Lender and any obligation of the Issuers to Issue Letters of Credit shall automatically terminate, the unpaid principal amount of all outstanding Loans and all
interest and other amounts as aforesaid shall automatically become due and payable, and the obligation of the Borrower to Cash Collateralize the Letter of Credit Obligations as aforesaid shall automatically become effective, in each case without
further act of the Administrative Agent or any Lender. 
 (b) Without limitation of the rights of the Agents or Secured Parties under
Section 8.12 and the definitions of Qualified Cash and Qualified Cash Securities Account, the Borrower hereby irrevocably waives the right to direct the application of any and all payments in respect of the Obligations and
any proceeds of Collateral after the occurrence and during the continuance of an Event of Default and agrees that during the continuance of an Event of Default, and notwithstanding Section 2.13(f) above, the Administrative
Agent may in its sole discretion, and, upon either (A) the written direction of the Requisite Lenders or (B) the acceleration of the Obligations pursuant to Section 10.2(a), deliver a notice to each Approved
Account Bank instructing them to cease complying with any instructions from the Borrower or any Subsidiary Guarantor and to transfer all funds therein to the Administrative Agent and the Administrative Agent shall apply all payments in respect of
any Obligations and all funds on deposit in the Concentration Account and all other proceeds of Collateral in the order specified in Section 10.3 hereof. 

(c) Notwithstanding anything to the contrary, if the only Events of Default then having occurred and continuing are the failure to comply with
Section 6.1 with respect to the Test Period most recently ended, then the Administrative Agent may not take any of the actions set forth in subclauses (i), (ii), (iii) and (iv) of
Section 10.2(a) during the period commencing on the date that the Administrative Agent receives a Notice of Intent to Cure and ending on the Cure Expiration Date with respect thereto in accordance with and to the extent
permitted by Section 10.4. 
 SECTION 10.3 Application of Funds. 

After the exercise of remedies provided for in Section 10.2 (or after the Loans have automatically become immediately
due and payable and the Letter of Credit Obligations have automatically been required to be Cash Collateralized as set forth in the proviso to Section 10.2), any amounts received on account of the Obligations shall be
applied by the Administrative Agent in the following order: 
 First, ratably, to pay any fees, indemnities, or expense
reimbursements then due to the Administrative Agent or any Issuer from the Borrower (other than in connection with Cash Management Obligations or Obligations in respect of Secured Hedge Agreements); 

Second, ratably, to pay any fees then due to the Revolving Credit Lenders and expense reimbursements then due to the Lenders from the
Borrower (other than in connection with Cash Management Obligations or Obligations in respect of Secured Hedge Agreements); 

  
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 Third, to pay interest due and payable in respect of any Revolving Loans (including
any Swing Loans) and any Protective Advances, ratably; 
 Fourth, to pay the principal of the Swing Loans and the Protective
Advances, ratably; 
 Fifth, to pay principal on the Revolving Loans (other than the Protective Advances and Swing Loans) and
unreimbursed Letter of Credit Borrowings and to pay any amounts owing with respect to Obligations in respect of Secured Hedge Agreements (exclusive of Specified Secured Hedge Obligations and the Obligations in respect of any other Secured Hedge
Agreements to the extent that an Availability Reserve has not been taken by the Administrative Agent in respect thereof), ratably; 

Sixth, to pay an amount to the Administrative Agent equal to 101% of the Letter of Credit Obligations on such date, to be held in the
Concentration Account as cash collateral for such Obligations; 
 Seventh, to pay any fees then due to the Term Lenders (other than
in connection with Cash Management Obligations or Obligations in respect of Secured Hedge Agreements); 
 Eighth, to pay interest due
and payable in respect of any Term Loans; 
 Ninth, to pay principal on the Term Loans; 

Tenth, to pay any amounts owing with respect to Cash Management Obligations; 

Eleventh, to pay any amounts owing with respect to any Specified Secured Hedge Obligations and any Obligations in respect of any other
Secured Hedge Obligations not paid pursuant to clause Fifth above, ratably; 
 Twelfth, to the payment of any other Obligation
due to the Administrative Agent or any Lender by the Borrower; 
 Thirteenth, as provided for under the Intercreditor Agreement; and

 Fourteenth, after all of the Obligations have been paid in full, to the Borrower or as the Borrower shall direct or as otherwise
required by Law. 
 Subject to Sections 2.4, 2.16, 8.12 and 10.5, amounts used to Cash Collateralize the
aggregate undrawn amount of Letters of Credit pursuant to clause Sixth above shall be applied to satisfy drawings under such Letters of Credit as they occur. If any amount remains on deposit as cash collateral after all Letters of Credit have either
been fully drawn or expired, such remaining amount shall be applied to the other Obligations, if any, in the order set forth above and, if no Obligations remain outstanding, to the Borrower. 

Notwithstanding the foregoing, if sufficient funds are not available to fund all payments to be made in respect of any Obligation described in
any of clauses First through Thirteenth above, the available funds being applied with respect to any such Obligation (unless otherwise specified in such clause) shall be allocated to the payment of such Obligation ratably, based on

  
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the proportion of the Administrative Agent’s and each Lender’s or Issuer’s interest in the aggregate outstanding Obligations described in such clauses; provided,
however, that payments that would otherwise be allocated to the Lenders shall be allocated first to repay Protective Advances and Swing Loans pro rata until such Protective Advances and Swing Loans are paid in full and then to repay
the Loans. The order of priority set forth in clauses First through Eleventh above may at any time and from time to time be changed by the agreement of all Lenders without necessity of notice to or consent of or approval by the
Borrower, any Secured Party that is not a Lender or Issuer or by any other Person that is not a Lender or Issuer. The order of priority set forth in clauses First through Twelfth above may be changed only with the prior written consent
of the Administrative Agent in addition to that of all Lenders. 
 Notwithstanding anything to the contrary in this Agreement or any other
Loan Document, in no circumstances shall proceeds of any Collateral constituting an asset of a Loan Party or a Limited Guarantor, in each case, which is not an eligible contract participant as defined in the Commodity Exchange Act be applied towards
the payment of any Obligations under Secured Hedge Agreements if, and to the extent that, such application is or becomes illegal under the Commodity Exchange Act or any rule, regulation or order of the Commodity Futures Trading Commission (or the
application or official interpretation of any thereof). 
 SECTION 10.4 Borrower’s Right to Cure. 

(a) Notwithstanding anything to the contrary contained in Section 10.1, in the event of any Event of Default under
any covenant set forth in Article VI and until the expiration of the tenth (10th) Business Day after the date on which the Fixed Charge Coverage Ratio calculation would be required to be delivered pursuant to
Section 6.1 or Section 7.2(a) (such date, the “Cure Expiration Date”), following delivery of a Notice of Intent to Cure in accordance herewith, the Borrower may designate any
portion of the Net Cash Proceeds of any issuance of common (or, if reasonably acceptable to the Administrative Agent, preferred) Equity Interests of the Borrower or any cash capital contribution to the common or preferred equity of the Borrower as
an increase to Consolidated EBITDA with respect to such applicable quarter; provided that all such Net Cash Proceeds to be so designated (i) are actually received by the Borrower as cash common or preferred equity (including through
capital contribution of such Net Cash Proceeds to the Borrower) after the date of such notice and before the Cure Expiration Date and (ii) the aggregate amount of such Net Cash Proceeds or cash capital contribution that are so designated shall
not exceed 100% of the aggregate amount necessary to cure such Event of Default under Article VI for any applicable period. 
 (b)
Upon receipt by the Borrower of any such designated Net Cash Proceeds or cash capital contribution (the “Cure Amount”) in accordance with this Section 10.4, Consolidated EBITDA for any period of calculation
which includes the last Fiscal Quarter of the Test Period ending immediately prior to the date on which such Cure Amount was received shall be increased, solely for the purpose of calculating any financial ratio set forth in Article VI, by an
amount equal to the Cure Amount. The resulting increase to Consolidated EBITDA from designation of a Cure Amount shall not result in any adjustment to Consolidated EBITDA or any other financial definition for any purpose under this Agreement other
than for purposes of calculating the financial ratio set forth in Article VI and for additional clarification shall not adjust the calculation of Consolidated EBITDA for purposes of determining the Fixed Charge

  
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Coverage Ratio (other than for purposes of actual compliance with Article VI as of the end of any applicable Test Period), and any reduction in Indebtedness, if applicable, from the Cure
Amount shall not reduce Fixed Charges for purpose of calculating the Fixed Charge Coverage Ratio and shall not result in any adjustment to any other financial definition for any purpose under this Agreement. 

(c) If, after giving effect to the foregoing recalculations, the Borrower shall then be in compliance with the requirements of Article
VI, the Borrower shall be deemed to have satisfied the requirements of Article VI as of the relevant date of determination with the same effect as though there had been no failure to comply therewith at such date, and the applicable
existing breach or default of Article VI shall be deemed cured for this purpose of the Agreement. 
 (d) In each period of four
Fiscal Quarters, there shall be at least two (2) Fiscal Quarters for which Consolidated EBITDA is not increased by exercise of a cure pursuant to Section 10.4(a). 

(e) Consolidated EBITDA shall not be increased by exercise of a cure pursuant to Section 10.4(a) more than four
(4) times during the term of this Agreement. 
 SECTION 10.5 Actions in Respect of Letters of Credit; Cash Collateral. 

(a) At any time (i) upon the Revolving Credit Termination Date, (ii) after the Revolving Credit Termination Date when the aggregate
funds on deposit in the Concentration Account to Cash Collateralize Letter of Credit Obligations shall be less than 101% of the Letter of Credit Obligations and (iii) as may be required by Section 2.9 or
Section 2.16, the Borrower shall pay to the Administrative Agent in Same Day Funds at the Administrative Agent’s office referred to in Section 12.8, for deposit in the Concentration Account,
(x) in the case of clauses (i) and (ii) above, the amount required to that, after such payment, the aggregate funds on deposit in the Concentration Account counts equals or exceeds 101% of the sum of all outstanding
Letter of Credit Obligations and (y) in the case of clause (iii) above, the amount required by Section 2.9. The Administrative Agent may, from time to time after funds are deposited in the Concentration Account,
apply funds then held in the Concentration Account to the payment of any amounts, in accordance with Section 2.9 and Section 10.2(b), as shall have become or shall become due and payable by the
Borrower to the Issuers or Lenders in respect of the Letter of Credit Obligations. The Administrative Agent shall promptly give written notice of any such application; provided, however, that the failure to give such written notice
shall not invalidate any such application. If at any time the Administrative Agent determines that Cash Collateral is subject to any right or claim of any Person other than the Administrative Agent as herein provided, or that the total amount of
such Cash Collateral is less than the applicable Fronting Exposure and other obligations secured thereby, the Borrower or the relevant Defaulting Lender will, promptly upon demand by the Administrative Agent, pay or provide to the Administrative
Agent additional Cash Collateral in an amount sufficient to eliminate such deficiency. 
 (b) Application. Notwithstanding anything
to the contrary contained in this Agreement, Cash Collateral provided under any of this Section 10.5 or Sections 2.4, 2.9, 2.12, 2.16 or 10.2 in respect of Letters of Credit or Swing Loans
shall be held and applied to the satisfaction of the specific Letter of Credit Obligations, Swing Loans, obligations to fund 

  
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participations therein (including, as to Cash Collateral provided by a Defaulting Lender, any interest accrued on such obligation) and other obligations for which the Cash Collateral was so
provided, prior to any other application of such property as may be provided for herein. 
 (c) Release. Cash Collateral (or the
appropriate portion thereof) provided to reduce Fronting Exposure or other obligations shall be released promptly following (i) the elimination of the applicable Fronting Exposure or other obligations giving rise thereto (including by the
termination of Defaulting Lender status of the applicable Lender or, as appropriate, its assignee following compliance with Section 12.2(b)(vi)) or (ii) the Administrative Agent’s good faith determination that
there exists excess Cash Collateral; provided, however, (x) that Cash Collateral furnished by or on behalf of a Loan Party shall not be released during the continuance of a Default (and following application as provided in this
Section 10.5 may be otherwise applied in accordance with Section 10.3), and (y) the Person providing Cash Collateral and the applicable Issuer or Swing Loan Lender, as applicable, may agree
that Cash Collateral shall not be released but instead held to support future anticipated Fronting Exposure or other obligations. 

ARTICLE XI 
 THE
ADMINISTRATIVE AGENT 
 SECTION 11.1 Appointment and Authorization. 

(a) Each of the Lenders and the Issuers hereby irrevocably appoints Wells Fargo to act on its behalf as the Administrative Agent hereunder and
under the other Loan Documents and authorizes the Administrative Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent by the terms hereof or thereof, together with such actions and powers
as are reasonably incidental thereto. The provisions of this Article XI (other than Sections 11.6 and 11.11) are solely for the benefit of the Administrative Agent, the Lenders and the Issuers, and the Borrower shall not have
rights as a third party beneficiary of any such provision. 
 (b) The Administrative Agent shall also act as the “collateral
agent” under the Loan Documents, and each of the Lenders (including in its capacities as a potential Hedge Bank and/or Cash Management Bank) and the Issuers hereby irrevocably appoints and authorizes the Administrative Agent to act as the agent
of (and to hold any security interest created by the Collateral Documents for and on behalf of or in trust for) such Lender and such Issuer for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any of the Loan
Parties to secure any of the Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connection, the Administrative Agent, as “collateral agent” and any co-agents, sub-agents and
attorneys-in-fact appointed by the Administrative Agent pursuant to Section 11.5 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Collateral Documents, or for
exercising any rights and remedies thereunder at the direction of the Administrative Agent, shall be entitled to the benefits of all provisions of this Article XI and Article XII (including Sections 11.3, 11.14,
12.3, 12.4 and 12.5, as though such co-agents, sub-agents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with
respect thereto. Without limiting the generality of the foregoing, the Lenders hereby expressly authorize the Administrative Agent 

  
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to execute any and all documents (including releases) with respect to the Collateral and the rights of the Secured Parties with respect thereto (including the Intercreditor Agreement), as
contemplated by and in accordance with the provisions of this Agreement and the Collateral Documents and acknowledge and agree that any such action by the Administrative Agent shall bind the Lenders. 

SECTION 11.2 Rights as a Lender. 

Any Person serving as an Agent (including as Administrative Agent) hereunder shall have the same rights and powers in its capacity as a Lender
as any other Lender and may exercise the same as though it were not an Agent and the term “Lender” or “Lenders” shall, unless otherwise expressly indicated or unless the context otherwise requires, include each Person serving as
an Agent hereunder in its individual capacity. Such Person and its Affiliates may accept deposits from, lend money to, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with the Borrower
or any Subsidiary or other Affiliate thereof as if such Person were not an Agent hereunder and without any duty to account therefor to the Lenders. The Lenders acknowledge that, pursuant to such activities, any Agent or its Affiliates may receive
information regarding any Loan Party or any of its Affiliates (including information that may be subject to confidentiality obligations in favor of such Loan Party or such Affiliate) and acknowledge that no Agent shall be under any obligation to
provide such information to them. 
 SECTION 11.3 Exculpatory Provisions. 

Neither the Administrative Agent nor any other Agent shall have any duties or obligations except those expressly set forth herein and in the
other Loan Documents. Without limiting the generality of the foregoing, an Agent (including the Administrative Agent): 
 (a) shall not be
subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is continuing and without limiting the generality of the foregoing, the use of the term “agent” herein and in the other Loan Documents with
reference to any Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable Law and instead, such term is used merely as a matter of market custom, and is intended to
create or reflect only an administrative relationship between independent contracting parties; 
 (b) shall not have any duty to take any
discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly contemplated hereby or by the other Loan Documents that such Agent is required to exercise as directed in writing by the Requisite Lenders
(or such other number or percentage of the Lenders as shall be expressly provided for herein or in the other Loan Documents), provided that no Agent shall be required to take any action that, in its opinion or the opinion of its counsel, may
expose such Agent to liability or that is contrary to any Loan Document or applicable Laws; and 
 (c) shall not, except as expressly set
forth herein and in the other Loan Documents, have any duty to disclose, and shall not be liable for the failure to disclose, any information 

  
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relating to the Borrower or any of its Affiliates that is communicated to or obtained by any Person serving as an Agent or any of its Affiliates in any capacity. 

No Agent shall be liable for any action taken or not taken by it (i) with the consent or at the request of the Requisite Lenders (or such
other number or percentage of the Lenders as shall be necessary, or as such Agent shall believe in good faith shall be necessary, under the circumstances as provided in Sections 12.1 and 12.2) or (ii) in the absence of its own
gross negligence or willful misconduct as determined by the final and non-appealable judgment of a court of competent jurisdiction, in connection with its duties expressly set forth herein. The Agents shall be deemed not to have knowledge of any
Default unless and until notice describing such Default is given to the Administrative Agent by the Borrower, a Lender or an Issuer. 
 No
Agent-Related Person shall be responsible for or have any duty to ascertain or inquire into (i) any recital statement, warranty or representation made in or in connection with this Agreement or any other Loan Document, (ii) the contents of
any certificate, report or other document delivered hereunder or thereunder or in connection herewith or therewith, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth herein or therein
or the occurrence of any Default, (iv) the validity, enforceability, effectiveness or genuineness of this Agreement, any other Loan Document or any other agreement, instrument or document, or the creation, perfection or priority of any Lien
purported to be created by the Collateral Documents, (v) the value or the sufficiency of any Collateral, or (vi) the satisfaction of any condition set forth in Article IV or elsewhere herein, other than to confirm receipt of items
expressly required to be delivered to the Administrative Agent, or (vii) to inspect the properties, books or records of any Loan Party or any Affiliate thereof. 

SECTION 11.4 Reliance by the Agents. 

The Agents shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent,
statement, instrument, document or other writing (including any electronic message, Internet or intranet website posting or other distribution) believed by it to be genuine and to have been signed, sent or otherwise authenticated by the proper
Person. Each Agent also may rely upon any statement made to it orally or by telephone and believed by it to have been made by the proper Person, and shall not incur any liability for relying thereon. In determining compliance with any condition
hereunder to the making of a Loan, or the issuance of a Letter of Credit, that by its terms must be fulfilled to the satisfaction of a Lender or the applicable Issuer, each Agent may presume that such condition is satisfactory to such Lender or such
Issuer unless the Administrative Agent shall have received notice to the contrary from such Lender or such Issuer prior to the making of such Loan or the issuance of such Letter of Credit. Each Agent may consult with legal counsel (who may be
counsel for the Borrower), independent accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in accordance with the advice of any such counsel, accountants or experts. 

Each Agent shall be fully justified in failing or refusing to take any action under any Loan Document unless it shall first receive such
advice or concurrence of the Requisite Lenders as it deems appropriate and, if it so requests, it shall first be indemnified to its satisfaction by the Lenders against any and all liability and expense which may be incurred by it by reason of taking

  
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or continuing to take any such action. The Agents shall in all cases be fully protected in acting, or in refraining from acting, under this Agreement or any other Loan Document in accordance with
a request or consent of the Requisite Lenders (or such greater number of Lenders as may be expressly required hereby in any instance) and such request and any action taken or failure to act pursuant thereto shall be binding upon all the Lenders;
provided that the Agents shall not be required to take any action that, in their opinion or in the opinion of their counsel, may expose such Agent to liability or that is contrary to any Loan Document or applicable Law. 

SECTION 11.5 Delegation of Duties. 

Each Agent may perform any and all of its duties and exercise its rights and powers hereunder or under any other Loan Documents by or through
any one or more sub-agents appointed by such Agent. Each Agent and any such sub-agent may perform any and all of its duties and exercise its rights and powers by or through their respective Agent-Related
Persons. The exculpatory provisions of this Article shall apply to any such sub-agent and to the Agent- Related Persons of the Agents and any such sub-agent, and shall apply to their respective activities in
connection with the syndication of the credit facilities provided for herein as well as activities as the Agents. 
 SECTION 11.6
Resignation of Administrative Agent. 
 (a) The Administrative Agent may at any time give notice of its resignation to the Lenders,
the Issuers and the Borrower. Upon receipt of any such notice of resignation, the Requisite Lenders shall have the right, with the consent of the Borrower at all times other than during the existence of an Event of Default (which consent of the
Borrower shall not be unreasonably withheld or delayed), to appoint a successor, which shall be a Lender or a bank with an office in the United States, or an Affiliate of any such Lender or bank with an office in the United States. If no such
successor shall have been so appointed by the Requisite Lenders and shall have accepted such appointment within thirty (30) days after the retiring Administrative Agent gives notice of its resignation, then the retiring Administrative Agent may
on behalf of the Lenders and the Issuers, appoint a successor Administrative Agent meeting the qualifications set forth above; provided that if the Administrative Agent shall notify the Borrower and the Lenders that no qualifying Person has
accepted such appointment, then such resignation shall nonetheless become effective in accordance with such notice and (1) the retiring Administrative Agent shall be discharged from its duties and obligations hereunder and under the other Loan
Documents (except that in the case of any collateral security held by the Administrative Agent on behalf of the Lenders or the Issuers under any of the Loan Documents, the retiring Agent shall continue to hold such collateral security until such
time as a successor of such Agent is appointed) and (2) all payments, communications and determinations provided to be made by, to or through the Administrative Agent shall instead be made by or to each Lender and each Issuer directly, until
such time as the Requisite Lenders appoint a successor Administrative Agent as provided for above in this Section 11.6. Upon the acceptance of a successor’s appointment as Administrative Agent hereunder and upon the
execution and filing or recording of such financing statements, or amendments thereto, and such amendments or supplements to the Mortgages, and such other instruments or notices, as may be necessary or desirable, or as the Requisite Lenders may
request, in order to (i) continue the perfection of the Liens granted or purported to be granted by the Collateral Documents or (ii) otherwise ensure 

  
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that the Collateral and Guarantee Requirement is satisfied, such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring (or retired)
Administrative Agent and the retiring Administrative Agent shall be discharged from all of its duties and obligations hereunder or under the other Loan Documents (if not already discharged therefrom as provided above in this Section). The fees
payable by the Borrower to a successor Administrative Agent shall be the same as those payable to its predecessor unless otherwise agreed between the Borrower and such successor. After the retiring Agent’s resignation hereunder and under the
other Loan Documents, the provisions of this Article and Sections 12.3, 12.4 and 12.5 shall continue in effect for the benefit of such retiring Agent, its sub-agents and their respective Agent-Related Persons in respect of any
actions taken or omitted to be taken by any of them while the retiring Agent was acting as Administrative Agent. 
 (b) Any resignation by
Wells Fargo (or any other entity appointed as the Administrative Agent under this Section 11.6) as Administrative Agent pursuant to this Section shall also constitute its resignation as an Issuer (to the extent Wells Fargo
(or such other entity) is an Issuer at such time) and as Swing Loan Lender, as applicable. Upon the acceptance of a successor’s appointment as Administrative Agent hereunder, (i) such successor shall succeed to and become vested with all
of the rights, powers, privileges and duties of the retiring Issuer and Swing Loan Lender, (ii) the retiring Issuer and Swing Loan Lender shall be discharged from all of their respective duties and obligations hereunder or under the other Loan
Documents, and (iii) the successor Issuer shall issue letters of credit in substitution for the Letters of Credit issued by the retiring Issuer, if any, outstanding at the time of such succession or make other arrangements satisfactory to the
retiring Issuer to effectively assume the obligations of the retiring Issuer with respect to such Letters of Credit. 
 SECTION 11.7
Non-Reliance on Agents and Other Lenders; Disclosure of Information by Agents. 
 Each Lender and each Issuer acknowledges that no
Agent-Related Person has made any representation or warranty to it, and that no act by any Agent hereafter taken, including any consent to and acceptance of any assignment or review of the affairs of any Loan Party or any Affiliate thereof, shall be
deemed to constitute any representation or warranty by any Agent- Related Person to any Lender as to any matter, including whether Agent-Related Persons have disclosed material information in their possession. Each Lender represents to each Agent
that it has, independently and without reliance upon any Agent-Related Person and based on such documents and information as it has deemed appropriate, made its own appraisal of and investigation into the
business, prospects, operations, property, financial and other condition and creditworthiness of the Loan Parties and their respective Subsidiaries, and all applicable bank or other regulatory Laws relating to the transactions contemplated hereby,
and made its own decision to enter into this Agreement and to extend credit to the Borrower and the other Loan Parties hereunder. Each Lender and each Issuer also represents that it will, independently and without reliance upon any Agent or any
other Lender or any of their Agent-Related Persons and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit analysis, appraisals and decisions in taking or not taking action under this
Agreement and the other Loan Documents, and to make such investigations as it deems necessary to inform itself as to the business, prospects, operations, property, financial and other condition and creditworthiness of the Borrower and the other Loan
Parties. Except for notices, 

  
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reports and other documents expressly required to be furnished to the Lenders by any Agent herein, such Agent shall not have any duty or responsibility to provide any Lender with any credit or
other information concerning the business, prospects, operations, property, financial and other condition or creditworthiness of any of the Loan Parties or any of their respective Affiliates which may come into the possession of any Agent-Related
Person. 
 SECTION 11.8 No Other Duties; Other Agents, Arrangers, Managers, Etc. 

Each of the Co-Syndication Agents is hereby appointed a Co-Syndication Agent hereunder, and each Lender hereby authorizes each of the Co-Syndication Agents to act as a Co-Syndication Agent in accordance with the terms hereof and the other Loan Documents. Each of the
Co-Documentation Agents is hereby appointed as a Co-Documentation Agent hereunder, and each Lender hereby authorizes each of the Co-Documentation Agents to act as a Co-Documentation Agent in accordance with the terms hereof and the other Loan Documents. Each Agent hereby agrees to act in its capacity as such upon the express conditions contained herein and the other Loan
Documents, as applicable. Anything herein to the contrary notwithstanding, none of the Joint Bookrunners, Arrangers, Co-Documentation Agents or Co-Syndication Agents shall have any powers, duties or responsibilities under this Agreement or any of
the other Loan Documents, except in its capacity, as applicable, as the Administrative Agent or a Lender hereunder, and such Persons shall have the benefit of this Article XI. Without limiting the foregoing, none of the Lenders or other
Persons so identified shall have or be deemed to have any agency or fiduciary or trust relationship with any Lender, Holdings, the Borrower or any of their respective Subsidiaries. Each Lender acknowledges that it has not relied, and will not rely,
on any of the Lenders or other Persons so identified in deciding to enter into this Agreement or in taking or not taking action hereunder. Each Co-Syndication Agent and each Co-Documentation Agent, without
consent of or notice to any party hereto, may assign any and all of its rights or obligations hereunder to any of its Affiliates. Each of the Co-Syndication Agents and
Co-Documentation Agents and any other Agent may resign from such role at any time, with immediate effect, by giving prior written notice thereof to the Administrative Agent and Borrower. 

SECTION 11.9 Intercreditor Agreement. 

The Administrative Agent is authorized to enter into the Intercreditor Agreement, and the parties hereto acknowledge that the Intercreditor
Agreement is binding upon them. Each Lender (a) hereby consents to the subordination of the Liens on the Collateral other than the Current Asset Collateral securing the Obligations on the terms set forth in the Intercreditor Agreement,
(b) hereby agrees that it will be bound by and will take no actions contrary to the provisions of the Intercreditor Agreement and (c) hereby authorizes and instructs the Administrative Agent to enter into the Intercreditor Agreement and to
subject the Liens on the Collateral securing the Obligations to the provisions thereof. The foregoing provisions are intended as an inducement to the Secured Parties to extend credit to the Borrower and such Secured Parties are intended third-party beneficiaries of such provisions and the provisions of the Intercreditor Agreement. 
 SECTION
11.10 Administrative Agent May File Proofs of Claim. 
  

  
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 In case of the pendency of any proceeding under any Debtor Relief Law or any other judicial
proceeding relative to any Loan Party, the Administrative Agent (irrespective of whether the principal of any Loan or Letter of Credit Obligation shall then be due and payable as herein expressed or by declaration or otherwise and irrespective of
whether the Administrative Agent shall have made any demand on the Borrower) shall be entitled and empowered, by intervention in such proceeding or otherwise: 

(a) to file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans, Letter of Credit
Obligations and all other Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of the Lenders, the Issuers and the Administrative Agent (including any claim for the
reasonable compensation, expenses, disbursements and advances of the Lenders, the Issuers and the Administrative Agent and their respective agents and counsel and all other amounts due the Lenders, the Issuers and the Administrative Agent under
Sections 2.12, 12.3 and 12.4) allowed in such judicial proceeding; and 
 (b) to collect and receive any monies or
other property payable or deliverable on any such claims and to distribute the same; 
 and any custodian, receiver, assignee, trustee, liquidator,
sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Lender and each Issuer to make such payments to the Administrative Agent and, in the event that the Administrative Agent shall consent to the making
of such payments directly to the Lenders and the Issuers, to pay to the Administrative Agent any amount due for the reasonable compensation, expenses, disbursements and advances of the Agents and their respective agents and counsel, and any other
amounts due the Administrative Agent under Sections 2.12, 12.3 and 12.4. 
 Nothing contained herein shall be deemed to
authorize the Administrative Agent to authorize or consent to or accept or adopt on behalf of any Lender or any Issuer any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any Lender or any
Issuer to authorize the Administrative Agent to vote in respect of the claim of any Lender or any Issuer in any such proceeding. 
 SECTION
11.11 Collateral and Guaranty Matters. 
 Each of the Lenders (including in its capacities as a potential Cash Management Bank and a
potential Hedge Bank) and the Issuers irrevocably authorizes the Administrative Agent , and the Administrative Agent agrees that it will: 

(a) release any Lien on any property granted to or held by the Administrative Agent under any Loan Document (i) upon termination of the
Aggregate Commitments and payment in full of all Obligations (other than (x) obligations and liabilities under Secured Hedge Agreements as to which arrangements satisfactory to the applicable Hedge Bank (or, with respect to any Secured Hedge
Agreement provided or arranged by Wells Fargo or an Affiliate of Wells Fargo, Wells Fargo) shall have been made, (y) Cash Management Obligations as to which arrangements satisfactory to the applicable Cash Management Bank shall have been made
and (z) contingent indemnification obligations not yet accrued and payable) and the expiration or termination of all 

  
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Letters of Credit (other than Letters of Credit as to which other arrangements reasonably satisfactory to the Administrative Agent and each applicable Issuer shall have been made, provided
that the provision by the Borrower of (i) Cash Collateral (which, with the consent of the Administrative Agent, may be pledged directly to the applicable Issuer) or (ii) a backstop letter of credit from a financial institution
acceptable to the applicable Issuer, in each case, in an aggregate amount equal to 101% of the maximum face amount of any such Letters of Credit shall be deemed to be an arrangement reasonably satisfactory to the Administrative Agent and the
applicable Issuer), (ii) at the time the property subject to such Lien is transferred or to be transferred as part of or in connection with any transfer permitted hereunder or under any other Loan Document to any Person other than Holdings, the
Borrower or any of its Domestic Subsidiaries that are Guarantors, (iii) subject to Section 12.1, if the release of such Lien is approved, authorized or ratified in writing by the Requisite Lenders (or by each Lender,
if required by Section 12.1(e)), (iv) if the property subject to such Lien is owned by a Guarantor, upon release of such Guarantor from its obligations under its Guaranty pursuant to clause (c) below or (v) in
accordance with the last sentence of Section 8.5(a); 
 (b) release or subordinate any Lien on any property
granted to or held by the Administrative Agent under any Loan Document to the holder of any Lien on such property that is permitted by Section 9.1(i); 

(c) release any Guarantor from its obligations under the Guaranty if (i) in the case of any Subsidiary, such Person ceases to be a
Restricted Subsidiary as a result of a transaction or designation permitted hereunder or (ii) in the case of Holdings, as a result of a transaction permitted hereunder; provided that no such release shall occur if such Guarantor
continues to be a guarantor in respect of the First Lien Term Facility, Second Lien Term Facility or any Junior Financing; and 
 (d) if any
Guarantor shall cease to be a Material Subsidiary (as certified in writing by a Responsible Officer), and the Borrower notifies the Administrative Agent in writing that it wishes such Guarantor to be released from its obligations under the Guaranty
and provides the Administrative Agent such certifications or documents as the Administrative Agent shall reasonably request, (i) release such Subsidiary from its obligations under the Guaranty and (ii) release any Liens granted by such
Subsidiary or Liens on the Equity Interests of such Subsidiary; provided that no such release shall occur if such Subsidiary continues to be a guarantor in respect of the First Lien Term Facility, the Second Lien Term Facility or any other
Junior Financing. 
 Upon request by the Administrative Agent at any time, the Requisite Lenders will confirm in writing the Administrative
Agent’s authority to release or subordinate its interest in particular types or items of property, or to release any Guarantor from its obligations under the Guaranty pursuant to this Section 11.11. In each case as
specified in this Section 11.11, the Administrative Agent will (and each Lender irrevocably authorizes the Administrative Agent to), at the Borrower’s expense, execute and deliver to the applicable Loan Party such
documents and take all other actions as such Loan Party may reasonably request to evidence the release or subordination of such item of Collateral from the assignment and security interest granted under the Collateral Documents, or to evidence the
release of such Guarantor from its obligations under the Guaranty, in each case in accordance with the terms of the Loan Documents and this Section 11.11. 

  
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 SECTION 11.12 [Reserved]. 

SECTION 11.13 Secured Cash Management Agreements and Secured
Hedge Agreements. 
 (a) Except as otherwise expressly set forth herein or in any Guaranty or any Collateral Document, no Cash
Management Bank or Hedge Bank that obtains the benefits of Section 10.3, any Guaranty or any Collateral by virtue of the provisions hereof or of any Guaranty or any Collateral Document shall have any right to notice of any
action or to consent to, direct or object to any action hereunder or under any other Loan Document or otherwise in respect of the Collateral or any Guaranty (including the release or impairment of any Collateral or Guaranty) other than in its
capacity as a Lender and, in such case, only to the extent expressly provided in the Loan Documents. Notwithstanding any other provision of this Article XI to the contrary, the Administrative Agent shall not be required to verify the payment
of, or that other satisfactory arrangements have been made with respect to, Obligations arising under Secured Cash Management Agreements and Secured Hedge Agreements unless the Administrative Agent has received written notice of such Obligations,
together with such supporting documentation as the Administrative Agent may request, from the applicable Cash Management Bank or Hedge Bank, as the case may be. 

(b) Each Lender (for itself and on behalf of its Affiliates that are Secured Parties) hereby agrees (i) that, after the occurrence and
during the continuance of a Cash Dominion Period (and thereafter at such frequency as the Administrative Agent may reasonably request in writing), it will provide to the Administrative Agent, promptly upon the written request of the Administrative
Agent, a summary of all Obligations owing to it under this Agreement and (ii) that the benefit of the provisions of the Loan Documents directly relating to the Collateral or any Lien granted thereunder shall extend to and be available to any
Secured Party that is not an Administrative Agent, a Lender or an Issuing Bank party hereto as long as, by accepting such benefits, such Secured Party agrees, as among the Administrative Agent and all other Secured Parties, that such Secured Party
is bound by (and, if requested by the Administrative Agent, shall confirm such agreement in a writing in form and substance reasonably acceptable to Agent) this Article XI and Sections 3.1, Sections 12.4, 12.6,
12.19, 12.23 and 12.26 and the Intercreditor Agreement, and the decisions and actions of the Administrative Agent and the Requisite Lenders (or, where expressly required by the terms of this Agreement, a greater proportion of
the Lenders or other parties hereto as required herein) to the same extent a Lender is bound; provided, however, that, notwithstanding the foregoing clause (ii), (x) such Secured Party shall be bound by Sections 12.3, 12.4
and 12.5 only to the extent of liabilities, reimbursement obligations, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses, or disbursements with respect to or otherwise relating to the Liens and Collateral
held for the benefit of such Secured Party, in which case the obligations of such Secured Party thereunder shall not be limited by any concept of pro rata share or similar concept, (y) each of the Administrative Agent, the Lenders and
the Issuers party hereto shall be entitled to act at its sole discretion, without regard to the interest of such Secured Party, regardless of whether any Obligation to such Secured Party thereafter remains outstanding, is deprived of the benefit of
the Collateral, becomes unsecured or is otherwise affected or put in jeopardy thereby, and without any duty or liability to such Secured Party or any such Obligation and (z) such Secured Party 

  
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shall not have any right to be notified of, consent to, direct, require or be heard with respect to, any action taken or omitted in respect of the Collateral or under any Loan Document. 

SECTION 11.14 Indemnification of Agents. 

Whether or not the transactions contemplated hereby are consummated, the Lenders shall indemnify upon demand the Agents and each other
Agent-Related Person (solely to the extent any such Agent-Related Person was performing services on behalf of any Agent) (to the extent not reimbursed by or on behalf of any Loan Party and without limiting the obligation of any Loan Party to do so),
pro rata in accordance with their Applicable Percentage of the aggregate of the Term Facility and the Revolving Credit Facility, and hold harmless the Agents and each other Agent-Related Person (solely to the extent any such Agent-Related Person was
performing services on behalf of any Agent) from and against any and all Indemnified Liabilities incurred by it; provided that no Lender shall be liable for the payment to any Agent-Related Person of any portion of such Indemnified
Liabilities resulting from such Agent-Related Person’s own gross negligence or willful misconduct, as determined by the final and non-appealable judgment of a court of competent jurisdiction; provided that no action taken in
accordance with the directions of the Requisite Lenders (or such other number or percentage of the Lenders as shall be required by the Loan Documents) shall be deemed to constitute gross negligence or willful misconduct for purposes of this
Section 11.14. In the case of any investigation, litigation or proceeding giving rise to any Indemnified Liabilities, this Section 11.14 applies whether any such investigation, litigation or
proceeding is brought by any Lender or any other Person. Without limitation of the foregoing, each Lender shall reimburse each Agent upon demand for its ratable share (determined by reference to its Applicable Percentage of the aggregate of the Term
Facility and the Revolving Credit Facility) of any costs or out-of-pocket expenses (including Attorney Costs) incurred by such Agent in connection with the preparation, execution, delivery, administration, modification, amendment or enforcement
(whether through negotiations, legal proceedings or otherwise) of, or legal advice in respect of rights or responsibilities under, this Agreement, any other Loan Document, or any document contemplated by or referred to herein, to the extent that
such Agent is not reimbursed for such expenses by or on behalf of the Borrower, provided that such reimbursement by the Lenders shall not affect the Borrower’s continuing reimbursement obligations with respect thereto, provided
further that the failure of any Lender to indemnify or reimburse such Agent shall not relieve any other Lender of its obligation in respect thereof. The undertaking in this Section 11.14 shall survive termination of the Aggregate Commitments,
the payment of all other Obligations and the resignation of the Administrative Agent, the Swing Loan Lender or any Issuer. 
 SECTION 11.15
Notice of Transfer. 
 The Administrative Agent may deem and treat a Lender party to this Agreement as the owner of such Lender’s portion of the
Obligations for all purposes, unless and until, and except to the extent, an Assignment and Acceptance shall have become effective as set forth in Section 12.02. 

SECTION 11.16 Reports and Financial Statements. 

By signing this Agreement, each Lender: 

  
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 (a) agrees to furnish the Administrative Agent (and thereafter at such frequency as the
Administrative Agent may reasonably request) with a summary of all obligations arising out of Secured Hedge Agreements and Cash Management Obligations due or to become due to such Lender. In connection with any distributions to be made hereunder,
the Administrative Agent shall be entitled to assume that no amounts are due to any Lender on account of such obligations unless the Administrative Agent has received written notice thereof from such Lender; 

(b) is deemed to have requested that the Administrative Agent furnish such Lender, promptly after they become available, copies of all
Borrowing Base Certificates and financial statements required to be delivered by the Borrower hereunder and all commercial finance examinations and appraisals of the Collateral received by the Administrative Agent (collectively, the
“Reports”); 
 (c) expressly agrees and acknowledges that the Administrative Agent makes no representation or warranty as
to the accuracy of the Reports, and shall not be liable for any information contained in any Report; 
 (d) expressly agrees and
acknowledges that the Reports are not comprehensive audits or examinations, that the Administrative Agent or any other party performing any audit or examination will inspect only specific information regarding the Loan Parties and will rely
significantly upon the Loan Parties’ books and records, as well as on representations of the Loan Parties’ personnel; 
 (e)
agrees to keep all Reports confidential in accordance with the provisions of Section 12.19 hereof; and 
 (f)
without limiting the generality of any other indemnification provision contained in this Agreement, agrees: (i) to hold the Administrative Agent and any such other Lender preparing a Report harmless from any action the indemnifying Lender may
take or conclusion the indemnifying Lender may reach or draw from any Report in connection with any Credit Extensions that the indemnifying Lender has made or may make to the Borrower, or the indemnifying Lender’s participation in, or the
indemnifying Lender’s purchase of, a Loan or Loans; and (ii) to pay and protect, and indemnify, defend, and hold the Administrative Agent and any such other Lender preparing a Report harmless from and against, the claims, actions,
proceedings, damages, costs, expenses, and other amounts (including attorney costs) incurred by the Administrative Agent and any such other Lender preparing a Report as the direct or indirect result of any third parties who might obtain all or part
of any Report through the indemnifying Lender as a consequence of such Lender’s breach of Section 11.16(e) above. 

SECTION 11.17 Agency for Perfection. 

Each Lender hereby appoints each other Lender as agent for the purpose of perfecting Liens for the benefit of the Administrative Agent and the
Lenders, in assets which, in accordance with Article 9 of the UCC or any other applicable Law of the United States can be perfected only by possession. Should any Lender (other than the Administrative Agent) obtain possession of any such Collateral,
such Lender shall notify the Administrative Agent thereof, and, promptly upon the Administrative Agent’s request therefor shall deliver such Collateral to the 

  
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Administrative Agent or otherwise deal with such Collateral in accordance with the Administrative Agent’s instructions. 

ARTICLE XII 

MISCELLANEOUS 
 SECTION
12.1 Amendments, Etc. 
 Except as otherwise set forth in this Agreement, no amendment or waiver of any provision of this Agreement or
any other Loan Document, and no consent to any departure by the Borrower or any other Loan Party therefrom, shall be effective unless in writing signed by the Requisite Lenders and the Borrower or the applicable Loan Party, as the case may be, and
acknowledged by the Administrative Agent and each such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given; provided that, no such amendment, waiver or consent shall: 

(a) extend or increase any Commitment of any Lender without the written consent of such Lender directly adversely affected thereby (it being
understood that (i) a waiver of any condition precedent set forth in Section 4.2 and (ii) the waiver of any Default, mandatory prepayment or mandatory reduction of the Revolving Credit Commitments shall not
constitute an extension or increase of any Commitment of any Lender); 
 (b) postpone any date scheduled for, or reduce the amount of, any
payment of principal or interest under Section 2.6 or 2.10 without the written consent of each Lender directly adversely affected thereby, it being understood that the waiver of (or amendment to the terms of) any
mandatory prepayment of the Loans shall not constitute a postponement of any date scheduled for the payment of principal or interest; 
 (c)
reduce the principal of, or the rate of interest specified herein on, any Loan or Letter of Credit Borrowing, or (subject to clause (iii) of the second proviso to this Section 12.1) any fees or other
amounts payable hereunder or under any other Loan Document without the written consent of each Lender directly affected thereby (it being understood that any change to any component of “Excess Availability” shall not constitute a reduction
in the rate of interest); provided that only the consent of the Requisite Lenders shall be necessary to amend the definition of “Default Rate” or to waive any obligation of the Borrower to pay interest at the Default Rate; 

(d) change any provision of this Section 12.1, the definition of “Requisite Lenders”, “Requisite
Class Lenders”, “Supermajority Lenders” or any other provision specifying the number of Lenders or portion of the Loans or Commitments required to take any action under the Loan Documents, without the written consent of each
Lender affected thereby; 
 (e) other than in a transaction permitted under Section 9.4 or 9.5, release all
or substantially all of the Collateral in any transaction or series of related transactions, without the written consent of each Lender; 

  
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 (f) other than in a transaction permitted under Section 9.4 or
9.5, release all or substantially all of the aggregate value of the Guaranty or all or substantially all of the Guarantors, without the written consent of each Lender; 

(g) change the definition of the term “Borrowing Base”, “Term Borrowing Base” or any component definition thereof, but
excluding the definitions of “Revolving Eligible Accounts Advance Rate”, “Revolving Credit Card Advance Rate”, or “Revolving Inventory Advance Rate”, “Term Eligible Accounts Advance Rate”, “Term Credit
Card Advance Rate”, or “Term Inventory Advance Rate” or the numerical percentage of Qualified Cash in the definition of “Borrowing Base”, in each case the amendment or modifications of which shall be subject to clause
(h) below, if as a result thereof the amounts available to be borrowed by the Borrower would be increased, without the written consent of the Supermajority Lenders and the Requisite Class Lenders under the Term Facility, provided that the
foregoing shall not limit the discretion of the Administrative Agent to change, establish or eliminate any Availability Reserves, Inventory Reserves or Shrink Reserves without the consent of any Lenders; 

(h) increase the numerical percentage contained in “Revolving Eligible Accounts Advance Rate”, “Revolving Credit Card Advance
Rate”, or “Revolving Inventory Advance Rate”, “Term Eligible Accounts Advance Rate”, “Term Credit Card Advance Rate”, or “Term Inventory Advance Rate” or the numerical percentage of Qualified Cash in the
definition of “Borrowing Base” without the written consent of each Lender; provided that the foregoing shall not limit the discretion of the Administrative Agent to change, establish or eliminate any Availability Reserves, Inventory
Reserves or Shrink Reserves without the consent of any Lenders; 
 (i) without the prior written consent of all Lenders directly affected
thereby, (i) subordinate the Obligations hereunder to any other Indebtedness, or (ii) except as provided by operation of applicable Law or in the Intercreditor Agreement, subordinate the Liens granted hereunder or under the other Loan
Documents to any other Lien; or 
 (j) change the order of the application of funds specified in Section 10.3
without the written consent of each Lender directly affected thereby; 
 and provided further that (i) no amendment, waiver or consent
shall, unless in writing and signed by each Issuer in addition to the Lenders required above, affect the rights or duties of an Issuer under this Agreement or any Issuer Document relating to any Letter of Credit issued or to be issued by it;
(ii) no amendment, waiver or consent shall, unless in writing and signed by the Swing Loan Lender in addition to the Lenders required above, affect the rights or duties of the Swing Loan Lender under this Agreement; (iii) no amendment,
waiver or consent shall, unless in writing and signed by the Administrative Agent in addition to the Lenders required above, affect the rights or duties of, or any fees or other amounts payable to, the Administrative Agent under this Agreement or
any other Loan Document; (iv) [reserved]; (v) Section 12.2(g) may not be amended, waived or otherwise modified without the consent of each Granting Lender all or any part of whose Loans are being funded by an SPC at the
time of such amendment, waiver or other modification; (vi) the consent of Requisite Class Lenders shall be required with respect to any amendment that by its terms directly adversely affects the rights of such Class in respect of
payments hereunder in a manner different than such amendment affects other Classes; and (vii) 

  
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no Lender or Issuer consent is required to effect any amendment or supplement to the Intercreditor Agreement, (A) that is for the purpose of adding the holders of Indebtedness incurred or
issued pursuant to a Permitted Refinancing of the First Lien Term Facility or the Second Lien Term Facility (or any agent or trustee of such holders) as parties thereto, as expressly contemplated by the terms of the Intercreditor Agreement and
permitted under Section 9.3(p) and Section 9.3(q) (it being understood that any such amendment or supplement may make such other changes to the Intercreditor Agreement as, in the good faith
determination of the Administrative Agent, are required to effectuate the foregoing and provided that such other changes are not adverse, in any material respect, to the interests of the Lenders) or (B) that is expressly contemplated by
Sections 5.2(d) or 7.4 of the Intercreditor Agreement with respect to a Permitted Refinancing of the First Lien Term Facility or the Second Lien Term Facility, as applicable, under Section 9.3(p) or
Section 9.3(q) (or the comparable provisions, if any, of any successor intercreditor agreement with respect to a Permitted Refinancing of the First Lien Term Facility or the Second Lien Term Facility permitted, as
applicable, under Section 9.3(p) or Section 9.3(q)); provided further that no such agreement shall, pursuant to this clause (vii), amend, modify or otherwise affect the rights or
duties of the Administrative Agent hereunder or under any other Loan Document without the prior written consent of the Administrative Agent. Notwithstanding anything to the contrary herein, no Defaulting Lender shall have any right to approve or
disapprove any amendment, waiver or consent hereunder (and any amendment, waiver or consent which by its terms requires the consent of all Lenders, the Requisite Lenders, the Requisite Class Lenders or each affected Lender may be effected with
the consent of the applicable Lenders other than Defaulting Lenders), except that (x) the Revolving Credit Commitment of any Defaulting Lender may not be increased or extended without the consent of such Defaulting Lender and (y) any
waiver, amendment or modification requiring the consent of all Lenders or each affected Lender that by its terms affects any Defaulting Lender more adversely than other affected Lenders shall require the consent of such Defaulting Lender. 

Notwithstanding anything to the contrary contained in this Section 12.1 and for so long as an Availability Reserve
is maintained with respect to Obligations arising under Secured Hedge Agreements, no amendment, modification or waiver of this Agreement or any Loan Document altering the ratable treatment of Obligations arising under Secured Hedge Agreements
resulting in such Obligations being junior in right of payment to principal on the Revolving Loans or resulting in Obligations owing to any Hedge Bank becoming unsecured (other than releases of Liens permitted in accordance with the terms hereof),
in each case in a manner materially adverse to any Hedge Bank, shall be effective without the written consent of such Hedge Bank. 

Notwithstanding anything to the contrary contained in Section 12.1, the Guaranty, Collateral Documents and related
documents executed by Subsidiaries in connection with this Agreement and the other Loan Documents may be in a form reasonably determined by the Administrative Agent and may be, together with this Agreement, amended and waived with the consent of the
Administrative Agent at the request of the Borrower without the need to obtain the consent of any other Lender if such amendment or waiver is delivered in order (i) to comply with local Law or advice of local counsel, (ii) to cure
ambiguities or defects or (iii) to cause such Guaranty, Collateral Document or other document to be consistent with this Agreement and the other Loan Documents. 

  
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 If any Lender does not consent to a proposed amendment, waiver, consent or release with
respect to any Loan Document that requires the consent of each Lender or each affected Lender (including any of the matters expressly set forth in this Section 12.1) and that has been approved by the Requisite Lenders or
Requisite Class Lenders (as applicable), the Borrower may replace such non-consenting Lender in accordance with Section 3.7; provided that such amendment, waiver, consent or release can be effected as a result of the
assignment contemplated by such Section (together with all other such assignments required by the Borrower to be made pursuant to this paragraph). 

SECTION 12.2 Successors and Assigns. 

(a) Successors and Assigns Generally. The provisions of this Agreement shall be binding upon and inure to the benefit of the parties
hereto and their respective successors and assigns permitted hereby, except that neither Holdings nor the Borrower may, except as permitted by Section 9.4, assign or otherwise transfer any of its rights or obligations
hereunder without the prior written consent of the Administrative Agent and each Lender and no Lender may assign or otherwise transfer any of its rights or obligations hereunder except (i) to an assignee in accordance with the provisions of
subsection (b) of this Section, (ii) by way of participation in accordance with the provisions of subsection (d) of this Section, or (iii) by way of pledge or assignment of a security interest subject to the
restrictions of subsection (f) of this Section, or (iv) to an SPC in accordance with the provisions of subsection (g) of this Section (and any other attempted assignment or transfer by any party hereto
shall be null and void). Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby, Participants to the extent provided in
subsection (d) of this Section and, to the extent expressly contemplated hereby, the Related Parties of each of the Administrative Agent, the Issuers and the Lenders) any legal or equitable right, remedy or claim under or by
reason of this Agreement. 
 (b) Assignments by Lenders. Any Lender may at any time assign to one or more assignees all or a portion
of its rights and obligations under this Agreement (including all or a portion of its Commitments and the Loans (including for purposes of this subsection (b), participations in Letter of Credit Obligations and in Swing Loans) at the time owing to
it); provided that any such assignment shall be subject to the following conditions: 
 (i) Minimum Amounts. 

(A) in the case of an assignment of the entire remaining amount of the assigning Lender’s Commitment of any Class and
the Loans of any Class at the time owing to it or in the case of an assignment to a Lender, an Affiliate of a Lender or an Approved Fund, no minimum amount need be assigned; and 

(B) in any case not described in subsection (b)(i)(A) of this Section, the aggregate unused amount of the Commitment of
any Class (plus the principal outstanding balance of the Loans of any Class) or, if the Commitment of such Class is not then in effect, the principal outstanding balance of the Loans of such Class the assigning Lender subject to each such
assignment, determined as of the date the Assignment and Assumption with respect to such assignment is delivered to the Administrative Agent or, if “Trade Date” is 

  
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specified in the Assignment and Assumption, as of the Trade Date, shall not be less than $5,000,000 unless each of the Administrative Agent and, so long as no Event of Default under
Section 10.1(a) or (f), solely with respect to the Borrower, has occurred and is continuing, the Borrower otherwise consents (each such consent not to be unreasonably withheld or delayed); provided,
however, that concurrent assignments to members of an Assignee Group and concurrent assignments from members of an Assignee Group to a single Eligible Assignee (or to an Eligible Assignee and members of its Assignee Group) will be treated as
a single assignment for purposes of determining whether such minimum amount has been met; 
 (ii) Proportionate
Amounts. Each partial assignment shall be made as an assignment of a proportionate part of all the assigning Lender’s rights and obligations under this Agreement with respect to the Loans or the Commitment assigned, except that this
clause (ii) shall not apply to rights in respect of the Swing Loan Lender’s rights and obligations in respect of Swing Loans; 

(iii) Required Consents. No consent shall be required for any assignment except to the extent required by subsection
(b)(i)(B) of this Section and, in addition: 
 (A) the consent of the Borrower (such consent not to be unreasonably
withheld) shall be required unless (1) an Event of Default under Section 10.1(a) or, solely with respect to the Borrower or any Guarantor, Section 10.1(f), has occurred and is continuing at
the time of such assignment or (2) such assignment is to a Lender, an Affiliate of a Lender or an Approved Fund; 
 (B)
the consent of the Administrative Agent (such consent not to be unreasonably withheld or delayed) shall be required if such assignment is to a Person that is not a Lender, an Affiliate of such Lender or an Approved Fund with respect to such Lender;

 (C) the consent of the Issuers (such consent not to be unreasonably withheld or delayed) shall be required for any
assignment that increases the obligation of the assignee to participate in exposure under one or more Letters of Credit (whether or not then outstanding); and 

(D) the consent of the Swing Loan Lender (such consent not to be unreasonably withheld or delayed) shall be required for any
assignment; 
 provided that the consent of an Issuer or Swing Loan Lender shall not be required in any circumstances with respect to
the assignment by a Term Lender of any or all of its rights or obligations under the Term Facility; 
 (iv) Assignment and
Assumption. The parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption, together with a processing and recordation fee of $3,500; provided, however, that the Administrative
Agent may, in its sole discretion, elect to waive such processing and recordation fee in the case of any assignment. The Eligible Assignee, if it is not a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire. 

  
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 (v) No Assignment to Certain Persons. No such assignment shall be
made (A) to Holdings, the Borrower or any of the Borrower’s Affiliates or Subsidiaries, or (B) to any Defaulting Lender or any of its Subsidiaries, or any Person who, upon becoming a Lender hereunder, would constitute any of the
foregoing Persons described in this clause (B), or (C) to a natural person. 
 (vi) Certain Additional Payments.
In connection with any assignment of rights and obligations of any Defaulting Lender hereunder, no such assignment shall be effective unless and until, in addition to the other conditions thereto set forth herein, the parties to the assignment shall
make such additional payments to the Administrative Agent in an aggregate amount sufficient, upon distribution thereof as appropriate (which may be outright payment, purchases by the assignee of participations or subparticipations, or other
compensating actions, including funding, with the consent of the Borrower and the Administrative Agent, the applicable pro rata share of Loans previously requested but not funded by the Defaulting Lender, to each of which the applicable
assignee and assignor hereby irrevocably consent), to (x) pay and satisfy in full all payment liabilities then owed by such Defaulting Lender to the Administrative Agent or any Lender hereunder (and interest accrued thereon) and
(y) acquire (and fund as appropriate) its full pro rata share of all Loans and participations in Letters of Credit and Swing Loans in accordance with its Applicable Percentage. Notwithstanding the foregoing, in the event that any
assignment of rights and obligations of any Defaulting Lender hereunder shall become effective under applicable Law without compliance with the provisions of this paragraph, then the assignee of such interest shall be deemed to be a Defaulting
Lender for all purposes of this Agreement until such compliance occurs. 
 Subject to acceptance and recording thereof by the Administrative Agent pursuant
to clause (c) of this Section, from and after the effective date specified in each Assignment and Assumption, the assignee thereunder shall be a party to this Agreement and, to the extent of the interest assigned by such Assignment and
Assumption, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement
(and, in the case of an Assignment and Assumption covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of Sections
3.1, 3.4, 3.5, 12.3, 12.4 and 12.5 with respect to facts and circumstances occurring prior to the effective date of such assignment). Upon request, and the surrender by the assigning Lender of its Note, the
Borrower (at its expense) shall execute and deliver a Note to the assignee Lender. Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this subsection shall be treated for purposes of this
Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with subsection (d) of this Section. 

(c) Register. The Administrative Agent, acting solely for this purpose as a non-fiduciary agent
of the Borrower, shall maintain at the Administrative Agent’s Office a copy of each Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of the Lenders, and the Commitments of, and principal
amounts (and related interest amounts) of the Loans and Letter of Credit Obligations owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be

  
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conclusive absent manifest error, and the Borrower, the Agents and the Lenders shall treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder
for all purposes of this Agreement, notwithstanding notice to the contrary. In addition, the Administrative Agent shall maintain on the Register information regarding the designation, and revocation of designation, of any Lender as a Defaulting
Lender. The Register shall be available for inspection by the Borrower, any Agent and any Lender, at any reasonable time and from time to time upon reasonable prior notice. This Section 12.2(c) and
Section 2.7 shall be construed so that all Loans and drawn Letters of Credit are at all times maintained in “registered form” within the meaning of Sections 163(f), 871(h)(2) and 881(c)(2) of the Code and any
related Treasury regulations (or any other relevant or successor provisions of the Code or of such Treasury regulations). 
 (d) Any Lender
may at any time, without the consent of, or notice to, the Borrower or the Administrative Agent, sell participations to any Person (other than a natural person, a Defaulting Lender or the Borrower or any of the Borrower’s Affiliates or
Subsidiaries) (each, a “Participant”) in all or a portion of such Lender’s rights and/or obligations under this Agreement (including all or a portion of its Commitment and/or the Loans (including such Lender’s
participations in Letter of Credit Obligations and/or Swing Loans) owing to it); provided that (i) such Lender’s obligations under this Agreement shall remain unchanged, (ii) such Lender shall remain solely responsible to the other
parties hereto for the performance of such obligations and (iii) the Borrower, the Agents, the other Lenders and the Issuers shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and
obligations under this Agreement. 
 Any agreement or instrument pursuant to which a Lender sells such a participation shall provide that
such Lender shall retain the sole right to enforce this Agreement and the other Loan Documents and to approve any amendment, modification or waiver of any provision of this Agreement or any other Loan Document; provided that such agreement or
instrument may provide that such Lender will not, without the consent of the Participant, agree to any amendment, waiver or other modification described in the first proviso to Section 12.1 (other than clause
(d) thereof) that directly affects such Participant. Subject to subsection (e) of this Section, the Borrower agrees that each Participant shall be entitled to the benefits of Sections 3.1 (subject to the requirements of Sections
3.1(b), (c) or (d), as applicable), Section 3.4 and Section 3.5 (through the applicable Lender) to the same extent as if it were a Lender and had acquired its interest by
assignment pursuant to subsection (b) of this Section. To the extent permitted by applicable Law, each Participant also shall be entitled to the benefits of Section 12.6 as though it were a Lender,
provided such Participant agrees to be subject to Section 12.7 as though it were a Lender. 
 (e)
Limitations upon Participant Rights. A Participant shall not be entitled to receive any greater payment under Section 3.1, 3.4 or 3.5 than the applicable Lender would have been entitled to receive with
respect to the participation sold to such Participant, unless the sale of the participation to such Participant is made with the Borrower’s prior written consent. A Participant shall not be entitled to the benefits of
Section 3.1 unless the Borrower is notified of the participation sold to such Participant and such Participant agrees, for the benefit of the Borrower, to comply and does in fact comply with
Section 3.1 as though it were a Lender. Each Lender that sells a participation shall (acting solely for this purpose as a non-fiduciary agent of 

  
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the Borrower) maintain a register complying with the requirements of Sections 163(f), 871(h) and 881(c)(2) of the Code and the Treasury regulations issued thereunder relating to the exemption
from withholding for portfolio interest on which is entered the name and address of each Participant and the principal amounts (and stated interest) of each Participant’s interest in the Loans or other obligations under this Agreement (the
“Participant Register”). A Lender shall not be obligated to disclose the Participant Register to any Person except to the extent such disclosure is necessary to establish that any Loan or other obligation is in registered form under
Section 5f.103-1(c) of the United States Treasury regulations. The entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each person whose name is recorded in the Participant Register as the
owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary. 
 (f) Any Lender may, at any
time, pledge or assign a security interest in all or any portion of its rights under this Agreement (including under its Note, if any) to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal
Reserve Bank or any other central bank; provided that no such pledge or assignment shall release such Lender from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto. 

(g) Notwithstanding anything to the contrary contained herein, any Lender (a “Granting Lender”) may grant to a special
purpose funding vehicle identified as such in writing from time to time by the Granting Lender to the Administrative Agent and the Borrower (an “SPC”) the option to provide all or any part of any Revolving Loan that such Granting
Lender would otherwise be obligated to make pursuant to this Agreement; provided that (i) nothing herein shall constitute a commitment by any SPC to fund any Revolving Loan, and (ii) if an SPC elects not to exercise such option or
otherwise fails to make all or any part of such Revolving Loan, the Granting Lender shall be obligated to make such Revolving Loan pursuant to the terms hereof or, if it fails to do so, to make such payment to the Administrative Agent as is required
under Section 2.13(e). Each party hereto hereby agrees that (i) neither the grant to any SPC nor the exercise by any SPC of such option shall increase the costs or expenses or otherwise increase or change the
obligations of the Loan Parties under any Loan Document (including the Borrower’s obligations under Sections 3.1, 3.4 and 3.5), (ii) no SPC shall be liable for any indemnity or similar payment obligation under this
Agreement for which a Lender would be liable, and (iii) the Granting Lender shall for all purposes, including the approval of any amendment, waiver or other modification of any provision of any Loan Document, remain the lender of record
hereunder. The making of a Revolving Loan by an SPC hereunder shall utilize the Commitment of the Granting Lender to the same extent, and as if, such Revolving Loan were made by such Granting Lender. In furtherance of the foregoing, each party
hereto hereby agrees (which agreement shall survive the termination of this Agreement) that, prior to the date that is one year and one day after the payment in full of all outstanding commercial paper or other senior debt of any SPC, it will not
institute against, or join any other Person in instituting against, such SPC any bankruptcy, reorganization, arrangement, insolvency, or liquidation proceeding under the laws of the United States or any State thereof. Notwithstanding anything to the
contrary contained herein, any SPC may (i) with notice to, but without prior consent of the Borrower and the Administrative Agent and with the payment of a processing fee of $3,500 (which processing fee may be waived by the Administrative Agent
in its sole discretion), assign all or any portion of its right to receive payment with respect to any Revolving Loan to the 

  
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Granting Lender and (ii) disclose on a confidential basis any non-public information relating to its funding of Revolving Loans to any rating agency, commercial paper dealer or provider of
any surety or Guarantee or credit or liquidity enhancement to such SPC. 
 (h) Resignation as Issuer or Swing Loan Lender after
Assignment. Notwithstanding anything to the contrary contained herein, if at any time Wells Fargo or any other Issuer assigns all of its Revolving Credit Commitment and Revolving Loans pursuant to subsection (b) above, Wells
Fargo or the applicable Issuer may, (i) upon thirty (30) days’ notice to the Borrower and the Lenders, resign as Issuer and/or (ii) if applicable, upon thirty (30) days’ notice to the Borrower, resign as Swing Loan
Lender. In the event of any such resignation as Issuer or Swing Loan Lender, the Borrower shall be entitled to appoint from among the Lenders a successor Issuer or Swing Loan Lender hereunder; provided, however, that no failure by the
Borrower to appoint any such successor shall affect the resignation of Wells Fargo or the applicable Issuer as Issuer or (as applicable) Swing Loan Lender, as the case may be. If Wells Fargo or the applicable Issuer resigns as Issuer, it shall
retain all the rights, powers, privileges and duties of an Issuer hereunder with respect to all Letters of Credit outstanding as of the effective date of its resignation as Issuer and all Letter of Credit Obligations with respect thereto (including
the right to require the Lenders to make Base Rate Loans or fund risk participations in unreimbursed amounts under Letters of Credit pursuant to Section 2.4). If Wells Fargo resigns as Swing Loan Lender, it shall retain all
the rights of the Swing Loan Lender provided for hereunder with respect to Swing Loans made by it and outstanding as of the effective date of such resignation, including the right to require the Lenders to make Base Rate Loans or fund risk
participations in outstanding Swing Loans pursuant to Section 2.3. Upon the appointment of a successor Issuer and/or Swing Loan Lender, (a) such successor shall succeed to and become vested with all of the rights,
powers, privileges and duties of the retiring Issuer or Swing Loan Lender, as the case may be, and (b) the successor Issuer shall issue letters of credit in substitution for the Letters of Credit, if any, outstanding at the time of such
succession or make other arrangements satisfactory to Wells Fargo or the applicable Issuer to effectively assume the obligations of Wells Fargo or the applicable Issuer with respect to such Letters of Credit. 

SECTION 12.3 Costs and Expenses. 

The Borrower agrees (a) to pay or reimburse the Administrative Agent and the Arrangers for all reasonable and documented (in reasonable
detail) out-of-pocket costs and expenses incurred in connection with the preparation, negotiation, syndication and execution of this Agreement and the other Loan Documents and any amendment, waiver, consent or other modification of the provisions
hereof and thereof (whether or not the transactions contemplated hereby and thereby are consummated), and the consummation and administration of the transactions contemplated hereby and thereby, including all Attorney Costs of (i) Morgan, Lewis
& Bockius LLP (as counsel to the Administrative Agent and the Arrangers, taken as a whole), (ii) [reserved] and (iii) if reasonably necessary, one local counsel for the Administrative Agent and the Arrangers taken as a whole in each
relevant jurisdiction material to the interests of the Agents, the Issuers and the Lenders (which, where reasonably practicable, may be a single law firm acting as local counsel in multiple relevant jurisdictions), and (b) to pay or reimburse
the Administrative Agent, the Issuers and the Lenders for all reasonable and documented in reasonable detail out-of-pocket costs and expenses incurred in connection with the enforcement of any rights or remedies under this Agreement or the other
Loan Documents (including all such 

  
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costs and expenses incurred during any legal proceeding, including any proceeding under any Debtor Relief Law, and including all Attorney Costs of one counsel to the Administrative Agent, the
Issuers and the Lenders taken as a whole (and, if reasonably necessary, one local counsel to the Administrative Agent, the Issuers and the Lenders in any relevant jurisdiction material to the interests of the Agents, the Issuers and the Lenders
(which, where reasonably practicable, may be a single law firm acting as local counsel in multiple relevant jurisdictions) and, in the event of any conflict of interest between any of the Administrative Agent, the Issuers and the Lenders (where the
Person affected by such conflict of interest has informed the Borrower of such conflict), one additional counsel in each relevant jurisdiction to each group of affected Lenders and/or Issuers similarly situated taken as a whole)). The agreements in
this Section 12.3 shall survive the termination of the Aggregate Commitments and repayment of all other Obligations. All amounts due under this Section 12.3 shall be paid promptly following receipt
by the Borrower of an invoice relating thereto setting forth such expenses in reasonable detail. If any Loan Party fails to pay when due any costs, expenses or other amounts payable by it hereunder or under any Loan Document, such amount may be paid
on behalf of such Loan Party by the Administrative Agent in its sole discretion. The Borrower and each other Loan Party hereby acknowledge that the Administrative Agent, any Issuer and/or any Lender may receive a benefit, including a discount,
credit or other accommodation, from any of such counsel based on the fees such counsel may receive on account of their relationship with the Administrative Agent, such Issuer, and/or such Lender, including fees paid pursuant to this Agreement or any
other Loan Document. 
 SECTION 12.4 Indemnities. 

The Borrower shall indemnify and hold harmless the Administrative Agent, each Lender, each Issuer, the Arrangers and their respective
Affiliates, directors, officers, employees, agents, partners, trustees or advisors and other representatives (collectively the “Indemnitees”) from and against any and all liabilities, obligations, losses, damages, penalties, claims,
demands, actions, judgments, suits, costs, expenses and disbursements (including Attorney Costs) of any kind or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating to or
arising out of or in connection with (but limited, in the case of legal fees and expenses, to the reasonable and documented out-of-pocket fees, disbursements and other charges of one counsel to all Indemnitees taken as a whole and, if reasonably
necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction that is material to the interest of such Indemnitees, and solely in the case of a conflict of interest between Indemnitees (where the Indemnitee
affected by such conflict has informed the Borrower of such conflict), one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) (i) the execution, delivery, enforcement,
performance or administration of any Loan Document or any other agreement, letter or instrument delivered in connection with the transactions contemplated thereby or the consummation of the transactions contemplated thereby (including, without
limitation, the reliance in good faith by any Indemnitee on any notice purportedly given by or on behalf of the Borrower), (ii) the Transaction, (iii) any Commitment, Loan or Letter of Credit or the use or proposed use of the proceeds therefrom
(including any refusal by an Issuer to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), (iv) any actual or alleged presence
or release of Hazardous Materials on or from any property currently or formerly owned or 

  
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operated by the Borrower, any Subsidiary or any other Loan Party, or any Environmental Liabilities arising out of the activities or operations of the Borrower, any Subsidiary or any other Loan
Party, or (v) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any
pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity
shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements (A) resulted from (x) the gross
negligence, bad faith or willful misconduct of such Indemnitee or of any Related Indemnified Person of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction or (y) a material breach of any
obligations under any Loan Document by such Indemnitee or of any Related Indemnified Person of such Indemnitee, in each case as determined by a final, non appealable judgment of a court of competent jurisdiction or (z) any dispute solely among
Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent, collateral agent, co-collateral agent, arranger, bookrunner or any similar role under the Facilities and other than any
claims arising out of any act or omission of the Borrower or any of its Affiliates or (B) have been settled pursuant to any settlement arrangement entered into by the applicable Indemnitee or any Related Indemnified Persons of such Indemnitee,
in each case, without the Borrower’s prior written consent (such consent not to be unreasonably withheld or delayed). To the extent that the undertakings to indemnify and hold harmless set forth in this Section 12.4
may be unenforceable in whole or in part because they are violative of any applicable law or public policy, the Borrower shall contribute the maximum portion that it is permitted to pay and satisfy under applicable law to the payment and
satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar
information transmission systems in connection with this Agreement, nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or
arising out of its activities in connection herewith or therewith (whether before or after the Effective Date) (other than, in the case of any Loan Party, in respect of any such damages incurred or paid by an Indemnitee to a third party). In the
case of an investigation, litigation or other proceeding to which the indemnity in this Section 12.4 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any
Loan Party, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan
Documents is consummated. All amounts due under this Section 12.4 (after the determination of a court of competent jurisdiction, if required pursuant to the terms of this Section 12.4), shall be
paid within twenty (20) Business Days after written demand therefor. The agreements in this Section 12.4 shall survive the resignation of the Administrative Agent, the Swing Loan Lender or any Issuer, the replacement
of any Lender, the termination of the Aggregate Commitments and the repayment, satisfaction or discharge of all the other Obligations. This Section 12.4 shall not apply to Taxes, Other Taxes, taxes covered by Section
3.4 or amounts excluded from the definition of Taxes pursuant to clauses (i) through (vii) of the first sentence of Section 3.1(a), which shall be governed by Section 3.1 or
Section 3.4, except it 

  
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shall apply to any taxes (other than taxes imposed on or measured by net income (however denominated, and including branch profits and similar taxes), and franchise or similar taxes) that
represent losses, claims, damages, etc. arising from a non-tax claim (including a value added tax or similar tax charged with respect to the supply of legal or other services). 

SECTION 12.5 Limitation of Liability. 

The Loan Parties agree that no Indemnitee shall have any liability (whether in contract, tort or otherwise) to any Loan Party or any of their
respective Subsidiaries or any of their respective equity holders or creditors for or in connection with the transactions contemplated hereby and in the other Loan Documents, except to the extent such liability is determined in a final
non-appealable judgment by a court of competent jurisdiction to have resulted from such Indemnitee’s gross negligence or willful misconduct or bad faith or breach by such Indemnitee of its material obligations under this Agreement. In no event,
shall any party hereto or any Indemnitee be liable on any theory of liability for any special, indirect, consequential or punitive damages (including any loss of profits, business or anticipated savings). Each party hereto hereby waives, releases
and agrees (each for itself and on behalf of its Subsidiaries) not to sue upon any such claim for any special, indirect, consequential or punitive damages, whether or not accrued and whether or not known or suspected to exist in its favor. 

SECTION 12.6 Right of Setoff. 

If an Event of Default shall have occurred and be continuing, each Lender and each of its Affiliates is hereby authorized at any time and from
time to time, after obtaining the prior written consent of the Administrative Agent, to the fullest extent permitted by applicable law, to set off and apply any and all deposits (general or special, time or demand, provisional or final, in whatever
currency) at any time held and other obligations (in whatever currency) at any time owing by such Lender or any such Affiliate to or for the credit or the account of the Borrower or any other Loan Party against any and all of the obligations of the
Borrower or such other Loan Party now or hereafter existing under this Agreement or any other Loan Document to such Lender, irrespective of whether or not such Lender shall have made any demand under this Agreement or any other Loan Document and
although such obligations of the Borrower or such Loan Party may be contingent or unmatured or are owed to a branch or office of such Lender different from the branch or office holding such deposit or obligated on such indebtedness; provided
that in the event that any Defaulting Lender shall exercise any such right of setoff, (x) all amounts so set off shall be paid over immediately to the Administrative Agent for further application in accordance with the provisions of
Section 2.16 and, pending such payment, shall be segregated by such Defaulting Lender from its other funds and deemed held in trust for the benefit of the Administrative Agent and the Lenders, and (y) the Defaulting
Lender shall provide promptly to the Administrative Agent a statement describing in reasonable detail the Obligations owing to such Defaulting Lender as to which it exercised such right of setoff. The rights of each Lender and its Affiliates under
this Section are in addition to other rights and remedies (including other rights of setoff) that such Lender or its Affiliates may have. Each Lender agrees to notify the Borrower and the Administrative Agent promptly after any such setoff and
application, provided that the failure to give such notice shall not affect the validity of such setoff and application. 

  
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 SECTION 12.7 Sharing of Payments. 

If, other than as expressly provided elsewhere herein, any Lender shall obtain payment in respect of any principal of or interest on account of
the Loans made by it, or the participations in Letter of Credit Obligations and Swing Loans held by it (in each case, whether voluntary, involuntary, through the exercise of any right of set-off, or otherwise)
in excess of its ratable share (or other share contemplated hereunder) thereof, such Lender shall immediately (a) notify the Administrative Agent of such fact, and (b) purchase from the other Lenders such participations in the Loans made
by them and/or such subparticipations in the participations in Letter of Credit Obligations or Swing Loans held by them, as the case may be, as shall be necessary to cause such purchasing Lender to share the excess payment of principal of or
interest on such Loans or such participations, as the case may be, pro rata with each of them; provided that if all or any portion of such excess payment is thereafter recovered from the purchasing Lender under any of the circumstances
described in Section 12.15 (including pursuant to any settlement entered into by the purchasing Lender in its discretion), such purchase shall to that extent be rescinded and each other Lender shall repay to the purchasing
Lender the purchase price paid therefor, together with an amount equal to such paying Lender’s ratable share (according to the proportion of (i) the amount of such paying Lender’s required repayment to (ii) the total amount so
recovered from the purchasing Lender) of any interest or other amount paid or payable by the purchasing Lender in respect of the total amount so recovered, without further interest thereon. The provisions of this Section shall not be construed to
apply to the application of Cash Collateral provided for in Sections 10.3 and 10.5. For avoidance of doubt, the provisions of this paragraph shall not be construed to apply to (A) any payment made by the Borrower pursuant to and
in accordance with the express terms of this Agreement as in effect from time to time or (B) any payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Loans to any assignee or participant
permitted hereunder. The Borrower agrees that any Lender so purchasing a participation from another Lender may, to the fullest extent permitted by applicable Law, exercise all its rights of payment (including the right of set-off, but subject to
Section 12.6) with respect to such participation as fully as if such Lender were the direct creditor of the Borrower in the amount of such participation. The Administrative Agent will keep records (which shall be conclusive
and binding in the absence of manifest error) of participations purchased under this Section 12.7 and will in each case notify the Lenders following any such purchases or repayments. Each Lender that purchases a
participation pursuant to this Section 12.7 shall from and after such purchase have the right to give all notices, requests, demands, directions and other communications under this Agreement with respect to the portion of
the Obligations purchased to the same extent as though the purchasing Lender were the original owner of the Obligations purchased. 

SECTION 12.8 Notices and Other Communications; Facsimile Copies. 

(a) General. Except in the case of notices and other communications expressly permitted to be given by telephone (and except as provided
in subsection (b) below), all notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by telecopier as follows, and all
notices and other communications expressly permitted hereunder to be given by telephone shall be made to the applicable telephone number, as follows: 

  
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 (i) if to Holdings, the Borrower, the Administrative Agent, an Issuer or the
Swing Loan Lender, to the address, telecopier number, electronic mail address or telephone number specified for such Person on Schedule 12.8; and 

(ii) if to any other Lender, to the address, telecopier number, electronic mail address or telephone number specified in its
Administrative Questionnaire. 
 Notices and other communications sent by hand or overnight courier service, or mailed by certified or registered mail,
shall be deemed to have been given when received; notices and other communications sent by telecopier shall be deemed to have been given when sent (except that, if not given during normal business hours for the recipient, shall be deemed to have
been given at the opening of business on the next Business Day for the recipient). Notices and other communications delivered through electronic communications to the extent provided in subsection (b) below shall be effective as provided in
such subsection (b). 
 (b) Electronic Communications. Notices and other communications to the Lenders and the Issuers
hereunder may be delivered or furnished by electronic communication (including e mail and Internet or intranet websites) pursuant to procedures approved by the Administrative Agent, provided that the foregoing shall not apply to notices to
any Lender or Issuer pursuant to Article II if such Lender or Issuer, as applicable, has notified the Administrative Agent that it is incapable of receiving notices under such Article by electronic communication. The Administrative Agent or
the Borrower may, in its discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it, provided that approval of such procedures may be limited to particular notices
or communications. 
 (c) Receipt. Unless the Administrative Agent otherwise prescribes, (i) notices and other communications
sent to an e-mail address shall be deemed received upon the sender’s receipt of an acknowledgement from the intended recipient (such as by the “return receipt requested” function, as available, return e-mail or other written
acknowledgement), provided that if such notice or other communication is not sent during the normal business hours of the recipient, such notice or communication shall be deemed to have been sent at the opening of business on the next
Business Day for the recipient, and (ii) notices or communications posted to an Internet or intranet website shall be deemed received upon the deemed receipt by the intended recipient at its e-mail address as described in the foregoing
clause (i) of notification that such notice or communication is available and identifying the website address therefor. 

(d) The Platform. THE PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE.” THE AGENT PARTIES (AS DEFINED BELOW) DO NOT
WARRANT THE ACCURACY OR COMPLETENESS OF THE BORROWER MATERIALS OR THE ADEQUACY OF THE PLATFORM, AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS IN OR OMISSIONS FROM THE BORROWER MATERIALS. NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY,
INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY ANY AGENT PARTY IN CONNECTION WITH
THE BORROWER MATERIALS OR THE PLATFORM. In no event shall the Administrative 

  
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Agent or any of its Agent-Related Persons or any Arranger (collectively, the “Agent Parties”) have any liability to Holdings, the
Borrower, any Lender, any Issuer or any other Person for losses, claims, damages, liabilities or expenses of any kind (whether in tort, contract or otherwise) arising out of the Borrower’s or the Administrative Agent’s transmission of
Borrower Materials through the Internet, except to the extent that such losses, claims, damages, liabilities or expenses are determined by a court of competent jurisdiction by a final and nonappealable judgment to have resulted from the gross
negligence or willful misconduct of such Agent Party; provided, however, that in no event shall any Agent Party have any liability to Holdings, the Borrower, any Lender, any Issuer or any other Person for indirect, special, incidental,
consequential or punitive damages (as opposed to direct or actual damages). 
 (e) Change of Address. Each of Holdings, the Borrower,
the Administrative Agent, each Issuer and the Swing Loan Lender may change its address, telecopier or telephone number for notices and other communications hereunder by notice to the other parties hereto. Each other Lender may change its address,
telecopier or telephone number for notices and other communications hereunder by notice to the Borrower, the Administrative Agent, each Issuer and the Swing Loan Lender. In addition, each Lender agrees to notify the Administrative Agent from time to
time to ensure that the Administrative Agent has on record (i) an effective address, contact name, telephone number, telecopier number and electronic mail address to which notices and other communications may be sent and (ii) accurate wire
instructions for such Lender. Furthermore, each Public Lender agrees to cause at least one individual at or on behalf of such Public Lender to at all times have selected the “Private Side Information” or similar designation on the content
declaration screen of the Platform in order to enable such Public Lender or its delegate, in accordance with such Public Lender’s compliance procedures and applicable Law, including United States Federal and state securities Laws, to make
reference to Borrower Materials that are not made available through the “Public Side Information” portion of the Platform and that may contain material non-public information with respect to the Borrower or its securities for purposes of
United States Federal or state securities laws. 
 (f) Reliance by Administrative Agent, Issuers and Lenders. The Administrative
Agent, the Issuers and the Lenders shall be entitled to rely and act upon any notices (including telephonic Notices of Borrowing or Swing Loan Requests) purportedly given by or on behalf of the Borrower even if (i) such notices were not made in
a manner specified herein, were incomplete or were not preceded or followed by any other form of notice specified herein, or (ii) the terms thereof, as understood by the recipient, varied from any confirmation thereof. All telephonic notices to
and other telephonic communications with the Administrative Agent may be recorded by the Administrative Agent, and each of the parties hereto hereby consents to such recording. 

SECTION 12.9 No Waiver; Cumulative Remedies. 

No failure by any Lender or the Administrative Agent to exercise, and no delay by any such Person in exercising, any right, remedy, power or
privilege hereunder or under any other Loan Document shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any
other right, remedy, power or privilege. The rights, remedies, powers and 

  
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privileges herein provided, and provided under each other Loan Document, are cumulative and not exclusive of any rights, remedies, powers and privileges provided by Law. 

SECTION 12.10 [Reserved]. 

SECTION 12.11 [Reserved]. 

SECTION 12.12 [Reserved]. 

SECTION 12.13 Governing Law; Submission to Jurisdiction; Service of Process. 

(a) THIS AGREEMENT AND EACH OTHER LOAN DOCUMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK
WITHOUT GIVING EFFECT TO THE CONFLICTS OF LAWS PRINCIPLES THEREOF, BUT INCLUDING SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW. 

(b) EACH PARTY HERETO IRREVOCABLY AND UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE EXCLUSIVE JURISDICTION OF THE COURTS OF THE
STATE OF NEW YORK SITTING IN NEW YORK CITY IN THE BOROUGH OF MANHATTAN AND OF THE UNITED STATES DISTRICT COURT OF THE SOUTHERN DISTRICT OF NEW YORK, AND ANY APPELLATE COURT FROM ANY THEREOF, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO
THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT, OR FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, AND EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION OR PROCEEDING MAY BE HEARD AND
DETERMINED IN SUCH NEW YORK STATE COURT OR, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN SUCH FEDERAL COURT. EACH OF THE PARTIES HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN
OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. EACH PARTY HERETO AGREES THAT THE AGENTS AND LENDERS RETAIN THE RIGHT TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY LAW OR TO BRING PROCEEDINGS AGAINST ANY LOAN
PARTY IN THE COURTS OF ANY OTHER JURISDICTION IN CONNECTION WITH THE EXERCISE OF ANY RIGHTS UNDER ANY COLLATERAL DOCUMENT OR THE ENFORCEMENT OF ANY JUDGMENT. 

(c) EACH PARTY HERETO IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY OBJECTION THAT IT MAY NOW
OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT IN ANY COURT REFERRED TO IN PARAGRAPH (b) OF THIS SECTION. EACH OF THE PARTIES HERETO HEREBY
IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION OR PROCEEDING IN ANY SUCH COURT. 

  
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 (d) EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN THE MANNER PROVIDED FOR
NOTICES IN SECTION 12.8. NOTHING IN THIS AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW. 

SECTION 12.14 Waiver of Jury Trial. 

EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY
LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO
(A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES
THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 

SECTION 12.15 Marshaling; Payments Set Aside. 

None of the Administrative Agent, any Lender, or any Issuer shall be under any obligation to marshal any assets in favor of the Loan Parties or
any other party or against or in payment of any or all of the Obligations. To the extent that any payment by or on behalf of the Borrower is made to any Agent or any Lender, or any Agent or any Lender exercises its right of set-off, and such payment
or the proceeds of such set-off or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Agent or such Lender in its discretion) to
be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall
be revived and continued in full force and effect as if such payment had not been made or such set-off had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share of any amount so
recovered from or repaid by the Administrative Agent, plus interest thereon from the date of such demand to the date such payment is made at a rate per annum equal to the applicable Overnight Rate from time to time in effect. 

SECTION 12.16 Acknowledgement and Consent to Bail-In of EEA Financial Institutions. 

Solely to the extent any Lender or Issuer that is an EEA Financial Institution is a party to this Agreement and notwithstanding anything to the
contrary in any Loan Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any Lender or Issuer that is an EEA Financial Institution arising under any Loan
Document, to the extent such liability is unsecured, may be subject to the 

  
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write-down and conversion powers of an EEA Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by: 

(a) the application of any Write-Down and Conversion Powers by an EEA Resolution Authority to any such
liabilities arising hereunder which may be payable to it by any Lender or Issuer that is an EEA Financial Institution; and 
 (b) the
effects of any Bail-In Action on any such liability, including, if applicable: 
 (i) a reduction in full or in part or
cancellation of any such liability; 
 (ii) a conversion of all, or a portion of, such liability into shares or other
instruments of ownership in such EEA Financial Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu
of any rights with respect to any such liability under this Agreement or any other Loan Document; or 
 (iii) the variation
of the terms of such liability in connection with the exercise of the write-down and conversion powers of any EEA Resolution Authority. 

SECTION 12.17 Execution in Counterparts. 

This Agreement may be executed in counterparts (and by different parties hereto in different counterparts), each of which shall constitute an
original, but all of which when taken together shall constitute a single contract. This Agreement and the other Loan Documents constitute the entire contract among the parties relating to the subject matter hereof and supersede any and all previous
agreements and understandings, oral or written, relating to the subject matter hereof. Delivery of an executed counterpart of a signature page of this Agreement by telecopy or other electronic imaging (including .pdf) means shall be effective as
delivery of a manually executed counterpart of this Agreement. 
 SECTION 12.18 Electronic Execution of Assignments and Certain Other
Documents. 
 The words “execution,” “signed,” “signature,” and words of like import in any Assignment and
Assumption or in any amendment or other modification hereof (including waivers and consents) shall be deemed to include electronic signatures or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or
enforceability as a manually executed signature or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National
Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act. 

SECTION 12.19 Confidentiality. 

Each of the Administrative Agent, the Arrangers, the Lenders and the Issuers agrees to maintain the confidentiality of the Information in
accordance with its customary procedures (as set forth below), except that Information may be disclosed (a) to its Affiliates and to its and its Affiliates’ respective partners, directors, officers, employees, agents, trustees, advisors
and 

  
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representatives (it being understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information
confidential and in no event shall such disclosure be made to any direct competitor of the Borrower pursuant to this clause (a)), (b) to the extent requested by any regulatory authority purporting to have jurisdiction over it (including any
self-regulatory authority, such as the National Association of Insurance Commissioners), (c) to the extent required by applicable laws or regulations or by any subpoena or similar legal process, provided that the Administrative Agent, such
Arranger or such Lender, as applicable, agrees that it will notify the Borrower as soon as practicable in the event of any such disclosure by such Person (other than at the request of a regulatory authority) unless such notification is prohibited by
law, rule or regulation, (d) to any other party hereto, (e) in connection with the exercise of any remedies hereunder or under any other Loan Document or any action or proceeding relating to this Agreement or any other Loan Document or the
enforcement of rights hereunder or thereunder, (f) subject to an agreement containing provisions at least as restrictive as those of this Section 12.19 (it being understood that in no event shall such disclosure be
made to any direct competitor of the Borrower pursuant to this clause (f)), to (i) any assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights or obligations under this Agreement or any Eligible
Assignee invited to be an Additional Revolving Credit Lender or (ii) any actual or prospective direct or indirect counterparty (or its advisors) to any swap or derivative transaction relating to the Borrower and its obligations, (g) with
the consent of the Borrower; (h) to any rating agency when required by it (it being understood that, prior to any such disclosure, such rating agency shall undertake to preserve the confidentiality of any Information relating to the Loan
Parties received by it from such Lender); or (i) to the extent such Information (i) becomes publicly available other than as a result of a breach of this Section or (ii) becomes available to the Administrative Agent, any Arranger, any
Issuer, any Lender, or any of their respective Affiliates on a nonconfidential basis from a source other than Holdings, the Borrower or any Subsidiary thereof, and which source is not known by such Person to be subject to a confidentiality
restriction in respect thereof in favor of the Borrower or any Affiliate of the Borrower. 
 For purposes of this Section,
“Information” means all information received from any Loan Party or any Subsidiary thereof relating to any Loan Party or any Subsidiary thereof or their respective businesses, other than any such information that is available to the
Administrative Agent or any Lender on a nonconfidential basis prior to disclosure by any Loan Party or any Subsidiary thereof, it being understood that all information received from Holdings, the Borrower or any Subsidiary after the Restatement
Effective Date shall be deemed confidential unless such information is clearly identified at the time of delivery as not being confidential. Any Person required to maintain the confidentiality of Information as provided in this Section shall be
considered to have complied with its obligation to do so in accordance with its customary procedures if such Person has exercised the same degree of care to maintain the confidentiality of such Information as such Person would accord to its own
confidential information. 
 Each of the Administrative Agent, Arrangers and the Lenders acknowledges that (a) the Information may
include material non-public information concerning the Borrower or a Subsidiary, as the case may be, (b) it has developed compliance procedures regarding the use of material non-public information and
(c) it will handle such material non-public information in accordance with applicable Law, including United States Federal and state securities Laws. 

  
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 SECTION 12.20 Use of Name, Logo, etc. 

Each Loan Party consents to the publication in the ordinary course by Administrative Agent or the Arrangers of customary advertising material
relating to the financing transactions contemplated by this Agreement using such Loan Party’s name, product photographs, logo or trademark. Such consent shall remain effective until revoked by such Loan Party in writing to the Administrative
Agent and the Arrangers. 
 SECTION 12.21 USA PATRIOT Act Notice. 

Each Lender that is subject to the USA PATRIOT Act and the Administrative Agent (for itself and not on behalf of any Lender) hereby notifies
the Borrower that pursuant to the requirements of the USA PATRIOT Act, it is required to obtain, verify and record information that identifies each Loan Party, which information includes the name and address of each Loan Party and other information
that will allow such Lender or the Administrative Agent, as applicable, to identify each Loan Party in accordance with the USA PATRIOT Act. The Borrower shall, promptly following a request by the Administrative Agent or any Lender, provide all
documentation and other information that the Administrative Agent or such Lender requests in order to comply with its ongoing obligations under applicable “know your customer” and anti-money laundering rules and regulations, including the
USA PATRIOT Act. 
 SECTION 12.22 Outstanding Obligations. 

Upon the satisfaction of the conditions precedent set forth in Section 4.1 hereof, all Existing Revolving Loans and
Existing Term Loans outstanding under the Existing Credit Agreement shall remain outstanding as part of the initial Borrowing of Loans under this Agreement. On the Restatement Effective Date, the Lenders each agree to make such purchases and sales
of interests in the outstanding Loans and interests in outstanding Letters of Credit between themselves so that each Lender is then holding its Applicable Percentage of outstanding Loans and Letter of Credit Obligations. Such purchases and sales
shall be arranged by and through the Administrative Agent, and each Lender hereby agrees to execute such further instruments and documents, if any, as the Administrative Agent may reasonably request in connection therewith. 

SECTION 12.23 No Advisory or Fiduciary Responsibility. 

In connection with all aspects of each transaction contemplated hereby (including in connection with any amendment, waiver or other
modification hereof or of any other Loan Document), each of the Borrower and Holdings acknowledges and agrees, and acknowledges its Affiliates’ understanding, that: (i) (A) the arranging and other services regarding this Agreement provided
by the Agents and the Arrangers are arm’s-length commercial transactions between the Borrower, Holdings and their respective Affiliates, on the one hand, and the Agents and the Arrangers, on the other
hand, (B) each of the Borrower and Holdings has consulted its own legal, accounting, regulatory and tax advisors to the extent it has deemed appropriate, and (C) each of the Borrower and Holdings is capable of evaluating, and understands
and accepts, the terms, risks and conditions of the transactions contemplated hereby and by the other Loan Documents; 

  
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(ii) (A) the Agents, the Arrangers and each Lender is and has been acting solely as a principal and, except as expressly agreed in writing by the relevant parties, has not been, is not, and
will not be acting as an advisor, agent or fiduciary for the Borrower, Holdings or any of their respective Affiliates, or any other Person and (B) none of the Agents, the Arrangers nor any Lender has any obligation to the Borrower, Holdings or
any of their respective Affiliates with respect to the transactions contemplated hereby except those obligations expressly set forth herein and in the other Loan Documents; and (iii) the Agents, the Arrangers, the Lender and their respective
Affiliates may be engaged in a broad range of transactions that involve interests that differ from those of the Borrower, Holdings their respective Affiliates, and none of the Agents, the Arrangers nor any Lender has any obligation to disclose any
of such interests to the Borrower, Holdings or any of their respective Affiliates. To the fullest extent permitted by law, each of the Borrower and Holdings hereby waives and releases any claims that it may have against the Agents, the Arrangers nor
any Lender with respect to any breach or alleged breach of agency or fiduciary duty in connection with any aspect of any transaction contemplated hereby. 

SECTION 12.24 Severability. 

If any provision of this Agreement or the other Loan Documents is held to be illegal, invalid or unenforceable, (a) the legality, validity
and enforceability of the remaining provisions of this Agreement and the other Loan Documents shall not be affected or impaired thereby and (b) the parties shall endeavor in good faith negotiations to replace the illegal, invalid or
unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the illegal, invalid or unenforceable provisions. The invalidity of a provision in a particular jurisdiction shall not invalidate or
render unenforceable such provision in any other jurisdiction. Without limiting the foregoing provisions of this Section 12.24, if and to the extent that the enforceability of any provisions in this Agreement relating to
Defaulting Lenders shall be limited by Debtor Relief Laws, as determined in good faith by the Administrative Agent, the applicable Issuer or the Swing Loan Lender, as applicable, then such provisions shall be deemed to be in effect only to the
extent not so limited. 
 SECTION 12.25 Survival of Representations and Warranties. 

All representations and warranties made hereunder and in any other Loan Document or other document delivered pursuant hereto or thereto or in
connection herewith or therewith shall survive the execution and delivery hereof and thereof. Such representations and warranties have been or will be relied upon by the Administrative Agent, each Issuer and each Lender, regardless of any
investigation made by the Administrative Agent, any Issuer or any Lender or on their behalf and notwithstanding that the Administrative Agent, any Issuer or any Lender may have had notice or knowledge of any Default at the time of any Credit
Extension, and shall continue in full force and effect as long as any Loan or any other Obligation hereunder shall remain unpaid or unsatisfied or any Letter of Credit shall remain outstanding. 

SECTION 12.26 Lender Action. 

Each Lender agrees that it shall not take or institute any actions or proceedings, judicial or otherwise, for any right or remedy against any
Loan Party under any of the Loan Documents or the Secured Hedge Agreements (including the exercise of any right of set-off, rights on 

  
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account of any banker’s lien or similar claim or other rights of self-help), or institute any actions or proceedings, or otherwise commence any remedial procedures, with respect to any
Collateral or any other property of any such Loan Party, without the prior written consent of the Administrative Agent (which shall not be withheld in contravention of Section 11.4). The provision of this
Section 12.26 are for the sole benefit of the Lenders and shall not afford any right to, or constitute a defense available to, any Loan Party. 

SECTION 12.27 Interest Rate Limitation. 

Notwithstanding anything to the contrary contained in any Loan Document, the interest paid or agreed to be paid under the Loan Documents shall
not exceed the maximum rate of non-usurious interest permitted by applicable Law (the “Maximum Rate”). If any Agent or any Lender shall receive interest in an amount that exceeds the Maximum
Rate, the excess interest shall be applied to the principal of the Loans or, if it exceeds such unpaid principal, refunded to the Borrower. In determining whether the interest contracted for, charged, or received by an Agent or a Lender exceeds the
Maximum Rate, such Person may, to the extent permitted by applicable Law, (a) characterize any payment that is not principal as an expense, fee, or premium rather than interest, (b) exclude voluntary prepayments and the effects thereof,
and (c) amortize, prorate, allocate, and spread in equal or unequal parts the total amount of interest throughout the contemplated term of the Obligations hereunder. 

SECTION 12.28 Amendment and Restatement of Existing Credit Agreement. 

On the Restatement Effective Date, this Agreement shall amend, restate and supersede the Existing Credit Agreement in its entirety, except as
provided in this Section 12.28. On the Restatement Effective Date, the rights and obligations of the parties evidenced by the Existing Credit Agreement shall be evidenced by this Agreement and the other Loan Documents and
the grant of security interest in the Collateral by the Loan Parties under the Existing Credit Agreement and the other “Loan Documents” (as defined in the Existing Credit Agreement) shall continue under, but as amended by this Agreement
and the other Loan Documents, and shall not in any event be terminated, extinguished or annulled but shall hereafter be governed by this Agreement and the other Loan Documents. This Agreement represents a modification, and not a novation, of the
credit facility under the Existing Credit Agreement and nothing contained herein shall be construed as a novation of the “Obligations” outstanding under, and as defined in, the Existing Credit Agreement, which shall remain in full force
and effect, except as modified hereby. In the event that any payment made by any Loan Party under the Existing Credit Agreement must be disgorged or otherwise returned by any Secured Party, such Secured Party shall be entitled to the benefits of the
Existing Credit Agreement and the Loan Parties shall unconditionally be obligated to repay the same along with any applicable interest and fees. The Loan Parties acknowledge, represent and warrant that they have no claims, defenses or offsets with
respect to the Existing Credit Agreement or any of the “Loan Documents” (as defined therein) related thereto and that immediately prior to the effectiveness of this Agreement, the Existing Credit Agreement and such other loan and
collateral documents are valid, binding and enforceable in accordance with the terms thereof. Except as provided herein, this Agreement shall not be deemed to (i) be a consent to any amendment, waiver or modification of any other term or
condition of the Existing Credit Agreement or any other Loan Document, or (ii) operate as a waiver or otherwise prejudice any right, power or remedy that any Secured Party may now 

  
 203 

 
have or may have in the future under or in connection with the Existing Credit Agreement or any other Loan Document, except as specifically set forth herein. Upon the effectiveness of this
Agreement, each reference in the Loan Documents to “the Credit Agreement” shall mean this Agreement. 
 [THE REMAINDER OF THIS
PAGE IS INTENTIONALLY LEFT BLANK.] 

  
 204 

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

			
	BEACON HOLDING INC., as Holdings
		
	By:	 	 /s/ Christopher J. Baldwin

 

	Name:	 	Christopher J. Baldwin
	Title:	 	President
	
	BJ’S WHOLESALE CLUB, INC.
		
	By:	 	 /s/ Christopher J. Baldwin

	Name:	 	Christopher J. Baldwin
	Title:	 	President, Chief Executive Officer

 
			
	LENDERS:
	
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent, a Lender and an Issuer
		
	By:	 	 /s/ Joseph Burt

	Name:	 	Joseph Burt
	Title:	 	Director

 
			
	BANK OF AMERICA, N.A., as a Lender and an Issuer
		
	By:	 	 /s/ Brian Lindblom

	Name:	 	Brian Lindblom
	Title:	 	Director

 
			
	Deutsche Bank AG New York Branch
		
	By:	 	 /s/ Dusan Lazarov

	Name:	 	Dusan Lazarov
	Title:	 	Director
		
	By:	 	 /s/ Peter Cucchiara

	Name:	 	Peter Cucchiara
	Title:	 	Vice President

 
			
	U.S. BANK NATIONAL ASSOCIATION as a Co-Documentation Agent and a Lender
	  

		
	By:	 	 /s/ Nicole Manies

	Name:	 	Nicole Manies
	Title:	 	Vice President

 
			
	TD BANK, N.A.
		
	By:	 	 /s/ Jang Kim

	Name:	 	Jang Kim
	Title:	 	Vice President

 
			
	BMO Harris Bank N.A.
		
	By:	 	 /s/ Craig Thistlethwaite

 

	Name:	 	Craig Thistlethwaite
	Title:	 	Managing Director

 
			
	NYCB SPECIALTY FINANCE COMPANY, LLC, a wholly owned subsidiary of New York Community Bank, as a Lender
		
	By:	 	 /s/ Willard D. Dickerson, Jr.

	Name:	 	Willard D. Dickerson, Jr.
	Title:	 	Senior Vice President

 
			
	Capital One, National Association
		
	By:	 	 /s/ Jon Oldham

	Name:	 	Jon Oldham
	Title:	 	VP, Managing Underwriter

 
			
	ING CAPITAL LLC, as a Lender
		
	By:	 	 /s/ Doug S. Clarida

	Name:	 	Doug S. Clarida
	Title:	 	Director
		
	By:	 	 /s/ Jerry L. McDonald

	Name:	 	Jerry L. McDonald
	Title:	 	Director

 
			
	  

	  
 PNC BANK, NATIONAL ASSOCIATION, as a Lender

		
	By:	 	 /s/ Eugene A. Leary

	Name:	 	Eugene A. Leary
	Title:	 	Senior Vice President

 
			
	CITY NATIONAL BANK, A NATIONAL BANKING ASSOCIATION
		
	By:	 	 /s/ Catherine Chiavetta

	Name:	 	Catherine Chiavetta
	Title:	 	Senior Vice President

  

 
			
	The Huntington National Bank
		
	By:	 	 /s/ Roger F. Reeder

	Name:	 	Roger F. Reeder
	Title:	 	Vice President

 
			
	SANTANDER BANK, N.A.
		
	By:	 	 /s/ John P. Nuzzo

	Name:	 	John P. Nuzzo
	Title:	 	Vice President

 SCHEDULE I 

COMMITMENTS OF LENDERS 
  

																	
	 Lender
	  	Revolving Credit
Commitment	 	  	Applicable
Percentage (Revolving
Credit Commitment)	 	 	Term
Commitment	 	  	Applicable
Percentage (Term
Commitment)	 
	 Wells Fargo Bank, National Association
	  	$	299,250,000.00	 	  	 	31.500000000	% 	 	$	15,750,000.00	 	  	 	31.500000000	% 
	 Bank of America, N.A.
	  	$	137,750,000.00	 	  	 	14.500000000	% 	 	$	7,250,000.00	 	  	 	14.500000000	% 
	 Deutsche Bank AG New York Branch
	  	$	61,750,000.00	 	  	 	6.500000000	% 	 	$	3,250,000.00	 	  	 	6.500000000	% 
	 U.S. Bank National Association
	  	$	57,000,000.00	 	  	 	6.000000000	% 	 	$	3,000,000.00	 	  	 	6.000000000	% 
	 TD Bank, N.A.
	  	$	57,000,000.00	 	  	 	6.000000000	% 	 	$	3,000,000.00	 	  	 	6.000000000	% 
	 BMO Harris Bank N.A.
	  	$	52,250,000.00	 	  	 	5.500000000	% 	 	$	2,750,000.00	 	  	 	5.500000000	% 
	 NYCB Specialty Finance Company, LLC
	  	$	52,250,000.00	 	  	 	5.500000000	% 	 	$	2,750,000.00	 	  	 	5.500000000	% 
	 Capital One, National Association
	  	$	47,500,000.00	 	  	 	5.000000000	% 	 	$	2,500,000.00	 	  	 	5.000000000	% 
	 ING Capital LLC
	  	$	47,500,000.00	 	  	 	5.000000000	% 	 	$	2,500,000.00	 	  	 	5.000000000	% 
	 PNC Bank, National Association
	  	$	47,500,000.00	 	  	 	5.000000000	% 	 	$	2,500,000.00	 	  	 	5.000000000	% 
	 City National Bank
	  	$	33,250,000.00	 	  	 	3.500000000	% 	 	$	1,750,000.00	 	  	 	3.500000000	% 
	 The Huntington National Bank
	  	$	28,500,000.00	 	  	 	3.000000000	% 	 	$	1,500,000.00	 	  	 	3.000000000	% 
	 Santander Bank, N.A.
	  	$	28,500,000.00	 	  	 	3.000000000	% 	 	$	1,500,000.00	 	  	 	3.000000000	% 
		  	  
	  
	 	  	  
	  
	 	 	  
	  
	 	  	  
	  
	 
	 Total
	  	$	950,000,000.00	 	  	 	100.000000000	% 	 	$	50,000,000.00	 	  	 	100.000000000	% 
		  	  
	  
	 	  	  
	  
	 	 	  
	  
	 	  	  
	  
	 

 SCHEDULE II 

SUBSIDIARY GUARANTORS 
  

					
	 Name of Borrower/Loan Party
	  	 Type of Organization (e.g.

corporation, limited liability

company, limited partnership)
	  	 Jurisdiction of

Organization/ Formation

			
	BJME Operating Corp.	  	Corporation	  	Massachusetts
			
	BJNH Operating Co., LLC	  	Limited liability company	  	Delaware
			
	Natick Realty, Inc.	  	Corporation	  	Maryland

  
 Schedule II 

 SCHEDULE 1.1A 

COLLATERAL DOCUMENTS 
  

	1.	 Amended and Restated Security Agreement dated February 3, 2017 by and among BJ’s Wholesale Club, Inc., a
Delaware corporation (the “Borrower”), Beacon Holding Inc., a Delaware corporation (“Holdings”), the Subsidiary Guarantors party thereto from time to time and Wells Fargo Bank, National Association as Administrative Agent (the
“Agent”). 

  

	2.	 Amended and Restated Guaranty Agreement dated February 3, 2017 by and among Holdings, the other Subsidiary
Guarantors party thereto from time to time, and the Agent. 

  

	3.	 Trademark Security Agreement dated February 3, 2017 by and among the Borrower and the Agent.

  

	4.	 Acknowledgment to Intercreditor Agreement dated February 3, 2017. 

 

	5.	 Intercompany Subordination Agreement dated February 3, 2017. 

  
 Schedule 1.1A 

 SCHEDULE 1.1D 

MATERIAL REAL PROPERTY 
  

							
	 Club #
	  	 Borrower/Loan Party
	  	 Address/City/State/Zip Code
	  	 County

	52	  	Natick Realty, Inc.	  	 Court at Oxford Valley
 350 Commerce
Blvd.
 Fairless Hills, PA 19030
	  	Bucks
				
	57	  	Natick Realty, Inc.	  	 550 Madison Avenue
 Reading, PA
19605
	  	Berks
				
	67	  	Natick NJ 1993 Realty Corp.	  	 1001 East Edgar Road
 Linden, NJ
07036
	  	Union
				
	149	  	Natick NH Hooksett Realty Corp.	  	 400 Quality Drive
 Hooksett, NH
03106
	  	Merrimack
				
	308	  	Natick NJ Flemington Realty Corp.	  	 186 Highway 31
 Flemington, NJ 08822
	  	Hunterdon

  
 Schedule 1.1D 

 SCHEDULE 1.1E 

CREDIT CARD AGREEMENTS 
  

	1.	 Bank Card Merchant Agreement for Credit Cards, dated as of August 28, 2001, by and among Vantiv, LLC (f/k/a
Fifth Third Processing Solutions, LLC and Fifth Third Bank) and BJ’s Wholesale Club, Inc., as amended, restated, supplemented or otherwise modified from time to time. 

 

	2.	 American Express Card Acceptance Agreement, dated as of November 17, 2003, by and among American Express Travel
Related Services Company, Inc. and BJ’s Wholesale Club, Inc., as amended, restated, supplemented or otherwise modified from time to time. 

  

	3.	 Merchant Services Agreement, dated as of August 15, 2013, by and among DFS Services, LLC and BJ’s
Wholesale Club, Inc., as amended, restated, supplemented or otherwise modified from time to time. 

  

	4.	 Visa Incentive Network Merchant Participation Master Agreement, dated as of January 1, 2013, by and among Visa
USA Inc. and BJ’s Wholesale Club, Inc., as amended, restated, supplemented or otherwise modified from time to time. 

  

	5.	 Co-Brand Agreement, dated as of July 11, 2014, by and among MasterCard
International Incorporated and BJ’s Wholesale Club, Inc., as amended, restated, supplemented or otherwise modified from time to time. 

  

	6.	 Co-Brand Credit Card Program Agreement, dated as of June 5, 2014, by
and among Comenity Capital Bank and BJ’s Wholesale Club, Inc., as amended, restated, supplemented or otherwise modified from time to time. 

  

	7.	 MasterCard Acceptance Agreement, dated as of March 22, 2013, by and among MasterCard International Incorporated
and BJ’s Wholesale Club, Inc., as amended, restated, supplemented or otherwise modified from time to time. 

  
 Schedule 1.1E 

 Schedule 1.1F 

EXISTING LETTERS OF CREDIT 
  

													
	 Issue Date
	  	 Beneficiary
	  	 Issuing Bank
	  	Amount	 	  	Expiration Date	  	 Purpose

	 2/1/2012
	  	Canarsie Plaza LLC	  	Wells Fargo Bank	  	$	2,500,000.00	 	  	2/1/2017	  	Lease requirement
	 3/25/2013
	  	Liberty Mutual Insurance	  	Wells Fargo Bank	  	$	500,000.00	 	  	3/25/2017	  	Insurance requirement
	 6/11/2013
	  	TransMontaigne Product Services LLC	  	Wells Fargo Bank	  	$	2,600,000.00	 	  	6/6/2017	  	Vendor requirement
	 6/25/2013
	  	HUH Hempstead BJ 2012 LLC	  	Wells Fargo Bank	  	$	1,452,000.00	 	  	6/13/2017	  	Lease requirement
	 11/22/2013
	  	Valero	  	Wells Fargo Bank	  	$	2,000,000.00	 	  	11/19/2017	  	Vendor requirement
	 12/2/2013
	  	Sunoco	  	Wells Fargo Bank	  	$	400,000.00	 	  	11/19/2017	  	Vendor requirement
	 12/5/2013
	  	Phillips 66	  	Wells Fargo Bank	  	$	2,000,000.00	 	  	11/26/2017	  	Vendor requirement
	 1/13/2014
	  	Marathon Petroleum	  	Wells Fargo Bank	  	$	3,000,000.00	 	  	1/13/2018	  	Vendor requirement
	 1/16/2014
	  	Atlantic Specialty Insurance	  	Wells Fargo Bank	  	$	7,500,000.00	 	  	1/10/2018	  	Insurance requirement
	 3/12/2014
	  	Apex Oil Company	  	Wells Fargo Bank	  	$	1,000,000.00	 	  	3/12/2017	  	Vendor requirement
	 5/23/2014
	  	BP Products North America Inc	  	Wells Fargo Bank	  	$	7,000,000.00	 	  	5/23/2017	  	Vendor requirement
	 11/17/2014
	  	PBF Holding Company LLC	  	Wells Fargo Bank	  	$	8,000,000.00	 	  	11/17/2017	  	Vendor requirement
	 1/20/2015
	  	Arch Insurance Company	  	Wells Fargo Bank	  	$	1,875,000.00	 	  	1/13/2017	  	Insurance requirement
	 3/15/2015
	  	Arch Insurance Company	  	Wells Fargo Bank	  	$	100,000.00	 	  	3/2/2017	  	Insurance requirement
		  		  		  	  
	  
	 	  		  	
		  		  		  	$	39,927,000.00	 	  		  	

  
 224 

																	
		  		  				  				  		  	  
	  
	 
	 Grand Total
	 	  				  		  	 	7,833,817.58	 
			  				  		  	  
	  
	 
	 HK LACP - BJ’S WHOLESALE CLUB, INC. Total
	 	  		  	 	956,666.76	 
	2/02/2017	  	1912723	  	 	12/05/2016	 	  	 	3/02/2017	 	  	 WUXI HOUSETEX INDUSTRIES CO.,
	  	 	58,424.00	 
	2/02/2017	  	1914516	  	 	12/30/2016	 	  	 	2/27/2017	 	  	 CANGNAN COLOR BAG CO., LTD
	  	 	130,636.80	 
	2/02/2017	  	1915054	  	 	1/09/2017	 	  	 	2/03/2017	 	  	 SWIMWAYS FAR EAST COMPANY LIMITED
	  	 	20,820.92	 
	2/02/2017	  	1915056	  	 	1/09/2017	 	  	 	2/03/2017	 	  	 MOOSE TOYS PTY LTD
	  	 	158,906.40	 
	2/02/2017	  	1915131	  	 	1/10/2017	 	  	 	2/09/2017	 	  	 SWIMWAYS FAR EAST COMPANY LIMITED
	  	 	56,409.12	 
	2/02/2017	  	1915198	  	 	1/11/2017	 	  	 	2/10/2017	 	  	 SWIMWAYS FAR EAST COMPANY LIMITED
	  	 	96,294.60	 
	2/02/2017	  	1915199	  	 	1/11/2017	 	  	 	2/10/2017	 	  	 SWIMWAYS FAR EAST COMPANY LIMITED
	  	 	105,392.00	 
	2/02/2017	  	1915519	  	 	1/17/2017	 	  	 	2/13/2017	 	  	 MG MACAO COMMERCIAL OFFSHORE LTD.
	  	 	90,072.00	 
	2/02/2017	  	1916036	  	 	1/20/2017	 	  	 	2/13/2017	 	  	 MG MACAO COMMERCIAL OFFSHORE LTD.
	  	 	197,640.00	 
	2/02/2017	  	1916545	  	 	1/26/2017	 	  	 	2/22/2017	 	  	 SWIMWAYS FAR EAST COMPANY LIMITED
	  	 	42,070.92	 
			
	 HK LCs - BJ’S WHOLESALE CLUB, INC. Total
	 	  		  	 	3,078,357.24	 
	2/02/2017	  	 TP605500060005-6
	  	 	11/03/2016	 	  	 	1/19/2017	 	  	 CANGNAN COLOR BAG CO., LTD
	  	 	102,876.48	 
	2/02/2017	  	 TP605500060006-6
	  	 	11/03/2016	 	  	 	3/10/2017	 	  	 INTEX TRADING LTD
	  	 	281,661.12	 
	2/02/2017	  	 TP605500060009-6
	  	 	11/10/2016	 	  	 	1/27/2017	 	  	 SWIMWAYS FAR EAST COMPANY LIMITED
	  	 	2,103.55	 
	2/02/2017	  	 TP605500060010-6
	  	 	11/15/2016	 	  	 	2/21/2017	 	  	 MG MACAO COMMERCIAL OFFSHORE LTD.
	  	 	191,208.60	 
	2/02/2017	  	 TP605500060011-6
	  	 	11/16/2016	 	  	 	2/12/2017	 	  	 SWIMWAYS FAR EAST COMPANY LIMITED
	  	 	81,210.26	 
	2/02/2017	  	 TP605500060012-6
	  	 	11/21/2016	 	  	 	5/08/2017	 	  	 CIXI GSTAR ELECTRIAL APPLIANCE
	  	 	57,904.88	 
	2/02/2017	  	 TP605500060014-6
	  	 	11/24/2016	 	  	 	3/08/2017	 	  	 INTEX TRADING LTD
	  	 	67,227.54	 
	2/02/2017	  	 TP605500060015-6
	  	 	11/24/2016	 	  	 	2/17/2017	 	  	 MG MACAO COMMERCIAL OFFSHORE LTD.
	  	 	68,040.00	 
	2/02/2017	  	 TP605500060016-6
	  	 	12/09/2016	 	  	 	3/10/2017	 	  	 QUANZHOU SHUNTONG CRAFTS CO., LTD
	  	 	129,600.00	 
	2/02/2017	  	 TP605500060019-6
	  	 	12/20/2016	 	  	 	3/12/2017	 	  	 SWIMWAYS FAR EAST COMPANY LIMITED
	  	 	24,793.78	 
	2/02/2017	  	 TP605500060020-6
	  	 	12/20/2016	 	  	 	3/11/2017	 	  	 SWIMWAYS FAR EAST COMPANY LIMITED
	  	 	220,872.33	 
	2/02/2017	  	 TP605500060021-6
	  	 	12/20/2016	 	  	 	5/07/2017	 	  	 CANGNAN COLOR BAG CO., LTD
	  	 	308,629.44	 
	2/02/2017	  	 TP605500060022-6
	  	 	12/30/2016	 	  	 	2/18/2017	 	  	 INTEX TRADING LTD
	  	 	74,513.25	 
	2/02/2017	  	 TP605500060023-6
	  	 	12/30/2016	 	  	 	2/06/2017	 	  	 VENTUS INDUSTRIAL LIMITED
	  	 	30,641.75	 
	2/02/2017	  	 TP605500060024-6
	  	 	12/30/2016	 	  	 	2/06/2017	 	  	 VENTUS INDUSTRIAL LIMITED
	  	 	28,106.40	 
	2/02/2017	  	 TP605500060025-6
	  	 	12/30/2016	 	  	 	2/06/2017	 	  	 VENTUS INDUSTRIAL LIMITED
	  	 	3,764.29	 
	2/02/2017	  	 TP605500060026-6
	  	 	12/30/2016	 	  	 	2/08/2017	 	  	 VENTUS INDUSTRIAL LIMITED
	  	 	48,732.15	 
	2/02/2017	  	 TP605500060027-6
	  	 	12/30/2016	 	  	 	2/06/2017	 	  	 VENTUS INDUSTRIAL LIMITED
	  	 	57,727.69	 
	2/02/2017	  	 TP605500060028-7
	  	 	1/06/2017	 	  	 	2/08/2017	 	  	 NINGBO SINGFUN ELECTRIC APPLIANCE
	  	 	4,301.24	 
	2/02/2017	  	 TP605500060029-7
	  	 	1/18/2017	 	  	 	4/26/2017	 	  	 INTEX TRADING LTD
	  	 	364,650.20	 
	2/02/2017	  	 TP605500060030-7
	  	 	1/17/2017	 	  	 	4/10/2017	 	  	 SWIMWAYS FAR EAST COMPANY LIMITED
	  	 	470,169.13	 
	2/02/2017	  	 TP605500060031-7
	  	 	1/17/2017	 	  	 	4/21/2017	 	  	 SWIMWAYS FAR EAST COMPANY LIMITED
	  	 	187,803.36	 
	2/02/2017	  	 TP605500060032-7
	  	 	1/19/2017	 	  	 	4/25/2017	 	  	 MG MACAO COMMERCIAL OFFSHORE LTD.
	  	 	271,819.80	 

  

																	
	 US —BJ’S WHOLESALE CLUB, INC. Total
	 	  				  		  	 	3,798,793.58	 
	2/02/2017	  	00000011306993	  	 	1/30/2017	 	  	 	2/27/2017	 	  		  	 	30,257.70	 
	2/02/2017	  	00000011319992	  	 	12/28/2016	 	  	 	2/21/2017	 	  		  	 	37,196.00	 
	2/02/2017	  	00000011321191	  	 	1/06/2017	 	  	 	2/03/2017	 	  		  	 	71,124.48	 
	2/02/2017	  	00000011321241	  	 	1/06/2017	 	  	 	2/03/2017	 	  		  	 	35,778.24	 
	2/02/2017	  	00000011322199	  	 	1/06/2017	 	  	 	2/06/2017	 	  		  	 	17,889.12	 
	2/02/2017	  	00000011325448	  	 	1/19/2017	 	  	 	2/17/2017	 	  		  	 	160,354.08	 
	2/02/2017	  	00000011327641	  	 	1/27/2017	 	  	 	3/27/2017	 	  		  	 	260,372.00	 
	2/02/2017	  	00000011329104	  	 	2/02/2017	 	  	 	4/03/2017	 	  		  	 	74,392.00	 
	2/02/2017	  	00000064802421	  	 	11/04/2016	 	  	 	2/17/2017	 	  	 ALPAN LIGHTING PRODUCTS, INC
	  	 	211,680.00	 
	2/02/2017	  	00000064802422	  	 	11/04/2016	 	  	 	3/14/2017	 	  	 SKYWALKER HOLDINGS LLC
	  	 	210,157.40	 
	2/02/2017	  	00000064802424	  	 	11/04/2016	 	  	 	2/04/2017	 	  	 TRAVELPRO INTERNATIONAL
	  	 	270,307.37	 
	2/02/2017	  	00000064802426	  	 	11/25/2016	 	  	 	3/29/2017	 	  	 ALPAN LIGHTING PRODUCTS, INC
	  	 	271,109.16	 
	2/02/2017	  	00000064802427	  	 	11/25/2016	 	  	 	4/07/2017	 	  	 ALPAN LIGHTING PRODUCTS, INC
	  	 	385,654.50	 
	2/02/2017	  	00000064802428	  	 	11/25/2016	 	  	 	3/29/2017	 	  	 ALPAN LIGHTING PRODUCTS, INC
	  	 	192,827.25	 
	2/02/2017	  	00000064802430	  	 	12/21/2016	 	  	 	1/13/2017	 	  	 ROSENTHAL AND ROSENTHAL
	  	 	156,331.88	 
	2/02/2017	  	00000064802432	  	 	12/15/2016	 	  	 	2/07/2017	 	  	 JIA HOME
	  	 	20,296.92	 
	2/02/2017	  	00000064802433	  	 	12/20/2016	 	  	 	1/27/2017	 	  	 CURTIS INTERNATIONAL LIMITED
	  	 	86,234.40	 
	2/02/2017	  	00000064802434	  	 	12/20/2016	 	  	 	3/15/2017	 	  	 ALPAN LIGHTING PRODUCTS, INC
	  	 	144,925.20	 
	2/02/2017	  	00000064802435	  	 	12/20/2016	 	  	 	2/08/2017	 	  	 ALPAN LIGHTING PRODUCTS, INC
	  	 	103,061.70	 
	2/02/2017	  	00000064802436	  	 	12/20/2016	 	  	 	3/14/2017	 	  	 SKYWALKER HOLDINGS LLC,
	  	 	159,942.80	 
	2/02/2017	  	00000064802437	  	 	12/20/2016	 	  	 	2/08/2017	 	  	 ALPAN LIGHTING PRODUCTS, INC
	  	 	149,499.00	 
	2/02/2017	  	00000064802438	  	 	12/20/2016	 	  	 	3/15/2017	 	  	 ALPAN LIGHTING PRODUCTS, INC
	  	 	120,153.60	 
	2/02/2017	  	00000064802439	  	 	12/20/2016	 	  	 	3/15/2017	 	  	 ALPAN LIGHTING PRODUCTS, INC
	  	 	127,008.00	 
	2/02/2017	  	00000064802440	  	 	12/22/2016	 	  	 	2/12/2017	 	  	 INTERNATIONAL LEISURE PRODUCTS, INC
	  	 	72,670.72	 
	2/02/2017	  	00000064802441	  	 	1/05/2017	 	  	 	2/03/2017	 	  	 TRAVELPRO INTERNATIONAL
	  	 	1,512.89	 
	2/02/2017	  	00000064802442	  	 	1/17/2017	 	  	 	3/15/2017	 	  	 ALPAN LIGHTING PRODUCTS, INC
	  	 	138,643.34	 
	2/02/2017	  	00000064802443	  	 	1/17/2017	 	  	 	3/24/2017	 	  	 ALPAN LIGHTING PRODUCTS, INC
	  	 	84,672.00	 
	2/02/2017	  	00000064802444	  	 	1/17/2017	 	  	 	3/19/2017	 	  	 INTERNATIONAL LEISURE PRODUCTS,
	  	 	48,050.69	 
	2/02/2017	  	00000064802445	  	 	1/27/2017	 	  	 	3/21/2017	 	  	 ALPAN LIGHTING PRODUCTS, INC
	  	 	126,433.44	 
	2/02/2017	  	48024419199551	  	 	1/19/2017	 	  	 	2/17/2017	 	  	 TRAVELPRO INTERNATIONAL
	  	 	30,257.70	 

  

 SCHEDULE 5.11(A) 

ERISA COMPLIANCE 
 None. 

  
 Schedule 5.11(a) 

 SCHEDULE 5.12 

SUBSIDIARIES 
  

																											
	 Holder
	 	 Issuer
	 	Type of
Organization	 	Jurisdiction of
Organization /
Formation	 	# of
Shares
Owned	 	 	Total
Shares
Outstanding	 	 	% of Interest
Pledged pursuant
to Collateral and
Guaranty
Requirement	 	 	Certificate
No.	 	 	Par
Value	 
	 Beacon Holding Inc.
	 	 BJ’s Wholesale Club, Inc.
	 	Corporation	 	Delaware	 	 	10	 	 	 	10	 	 	 	100	% 	 	 	1	 	 	 	$0.01	 
	 BJ’s Wholesale Club, Inc.
	 	 CWC Beverages Corp.
	 	Corporation	 	Connecticut	 	 	1	 	 	 	1	 	 	 	100	% 	 	 	3	 	 	 	n/a	 
	 BJ’s Wholesale Club, Inc.
	 	 JWC Beverages Corp.
	 	Corporation	 	New Jersey	 	 	1	 	 	 	1	 	 	 	100	% 	 	 	3	 	 	 	n/a	 
	 BJ’s Wholesale Club, Inc.
	 	 Mormax Beverages Corp.
	 	Corporation	 	Delaware	 	 	100	 	 	 	100	 	 	 	100	% 	 	 	2	 	 	 	$0.01	 
	 BJ’s Wholesale Club, Inc.
	 	 Mormax Corporation
	 	Corporation	 	Massachusetts	 	 	5,000	 	 	 	5,000	 	 	 	100	% 	 	 	4	 	 	 	$1.00	 
	 BJ’s Wholesale Club, Inc.
	 	 Natick GA Beverage Corp.
	 	Corporation	 	Georgia	 	 	100	 	 	 	100	 	 	 	100	% 	 	 	1	 	 	 	$1.00	 
	 BJ’s Wholesale Club, Inc.
	 	 YWC Beverages Corp.
	 	Corporation	 	New York	 	 	1	 	 	 	1	 	 	 	100	% 	 	 	3	 	 	 	n/a	 
	 BJ’s Wholesale Club, Inc.
	 	 BJME Operating Corp.
	 	Corporation	 	Massachusetts	 	 	1,000	 	 	 	1,000	 	 	 	100	% 	 	 	4	 	 	 	$1.00	 

  

  
 Schedule 5.12 

																											
	 Holder
	 	 Issuer
	 	Type of
Organization	 	Jurisdiction of
Organization /
Formation	 	# of
Shares
Owned	 	 	Total
Shares
Outstanding	 	 	% of Interest
Pledged pursuant
to Collateral and
Guaranty
Requirement	 	 	Certificate
No.	 	  	Par
Value	 
	 BJME Operating Corp.
	 	 Natick Realty, Inc.
	 	Corporation	 	Maryland	 	 	105,000	 	 	 	105,0001	 	 	 	100	% 	 	 	5	 	  	 	$0.01 per share	 
	 BJME Operating Corp.
	 	 BJNH Operating Co., LLC
	 	Limited Liability
 Company
	 	Delaware	 	 	n/a	 	 	 	n/a	 	 	 	100	% 	 	 	Uncertificated	 	  	 	n/a	 
	 Natick Realty, Inc.
	 	 Natick Fifth Realty Corp.
	 	Corporation	 	Maryland	 	 	1,000	 	 	 	1,000	 	 	 	100	% 	 	 	2	 	  	 	$1.00 per share	 
	 Natick Realty, Inc.
	 	 Natick NH Hooksett Realty Corp.
	 	Corporation	 	New Hampshire	 	 	100	 	 	 	100	 	 	 	100	% 	 	 	1	 	  	 	$1.00 per share	 
	 Natick Realty, Inc.
	 	 Natick NJ 1993 Realty Corp.
	 	Corporation	 	New Jersey	 	 	1,000	 	 	 	1,000	 	 	 	100	% 	 	 	2	 	  	 	$1.00 per share	 
	 Natick Realty, Inc.
	 	 Natick NJ Flemington Realty Corp.
	 	Corporation	 	New Jersey	 	 	1,000	 	 	 	1,000	 	 	 	100	% 	 	 	2	 	  	 	$1.00 per share	 
	 Natick Realty, Inc.
	 	 Natick NJ Manahawkin Realty Corp.
	 	Corporation	 	New Jersey	 	 	100	 	 	 	100	 	 	 	100	% 	 	 	2	 	  	 	$1.00 per share	 
	 Natick Realty, Inc.
	 	 Natick NJ Realty Corp.
	 	Corporation	 	New Jersey	 	 	1,000	 	 	 	1,000	 	 	 	100	% 	 	 	2	 	  	 	$1.00 per share	 

  

	1 	 Approximately 120 shares of Series A Non-Voting Preferred Stock of Natick Realty, Inc. are held by various
current and former employees of BJ’s Wholesale Club, Inc. or their estates. BJME Operating Corp. holds all of the outstanding Common Stock of Natick Realty, Inc. 

Schedule 5.12 

  
 229 

 SCHEDULE 8.12 

DEPOSIT ACCOUNTS 
  

									
	 Borrower/Loan Party
	  	 Type of Account
	  	 Name & Address of

Financial Institutions
	  	Account
Number	  	Material
Bank
Account
(Y/N)
	BJ’s Wholesale Club, Inc.	  	Master / Concentration	  	 Bank of America

NC1-002-27-05

101 S. Tryon St.
 Charlotte, NC 28255
	  	511-57328	  	Y
					
	BJ’s Wholesale Club, Inc.	  	Master / Letter of Credit	  	 Wells Fargo Bank NK
 90 S 7th St., 7th Floor

Minneapolis, MN
 55402
	  	2000035271886	  	Y
					
	BJ’s Wholesale Club, Inc.	  	Master / Concentration	  	 Santander Bank
 75 State St.

Boston, MA 02109
	  	64904963200	  	Y
					
	BJ’s Wholesale Club, Inc.	  	Concentration	  	 Santander Bank
 75 State St.

Boston, MA 02109
	  	64904963309	  	Y
					
	BJ’s Wholesale Club, Inc.	  	Receipts	  	 Santander Bank
 75 State St.

Boston, MA 02109
	  	64904963317	  	N
					
	BJ’s Wholesale Club, Inc.	  	Home Office Check Deposits	  	 Santander Bank
 75 State St.

Boston, MA 02109
	  	64904964083	  	N
					
	BJ’s Wholesale Club, Inc.	  	Concentration (ACH Receipts/Disb.)	  	 Bank of America

NC1-002-27-05

101 S. Tryon St.
 Charlotte, NC 28255
	  	00541-45326	  	Y
					
	BJME Operating Corp.	  	Subsidiary	  	 Santander Bank
 75 State St.

Boston, MA 02109
	  	64904963390	  	N

  

  
 Schedule 8.12 

									
	 Borrower/Loan Party
	  	 Type of Account
	  	 Name & Address of

Financial Institutions
	  	Account
Number	  	Material
Bank
Account
(Y/N)
	BJNH Operating Co., LLC	  	Subsidiary	  	 Santander Bank
 75 State St.

Boston, MA 02109
	  	64904963408	  	N
					
	BJ’s Wholesale Club, Inc.	  	New Club Deposits	  	 Bank of America

NC1-002-27-05

101 S. Tryon St.
 Charlotte, NC 28255
	  	00551-48254	  	N
					
	BJ’s Wholesale Club, Inc.	  	Club Depository	  	 Wells Fargo Bank
 90 S 7th St., 7th Floor

Minneapolis, MN
 55402
	  	20000-0109-7298	  	Y
					
	BJ’s Wholesale Club, Inc.	  	Club Depository	  	 Wells Fargo Bank
 90 S 7th St., 7th Floor

Minneapolis, MN
 55402
	  	20900-0259-4535	  	Y
					
	BJ’s Wholesale Club, Inc.	  	Club Depository	  	 Wells Fargo Bank
 90 S 7th St., 7th Floor

Minneapolis, MN
 55402
	  	20500-0028-2083	  	Y
					
	BJ’s Wholesale Club, Inc.	  	Club Depository	  	 Wells Fargo Bank
 90 S 7th St., 7th Floor

Minneapolis, MN
 55402
	  	20400-0008-1003	  	Y
					
	BJ’s Wholesale Club, Inc.	  	Club Depository	  	 Wells Fargo Bank
 90 S 7th St., 7th Floor

Minneapolis, MN
 55402
	  	20882-1000-8773	  	Y
					
	BJ’s Wholesale Club, Inc.	  	Lottery	  	 Wells Fargo Bank
 90 S 7th St., 7th Floor

Minneapolis, MN
 55402
	  	2000001101469	  	N

  

  
 Schedule 8.12 

									
	 Borrower/Loan Party
	  	 Type of Account
	  	 Name & Address of

Financial Institutions
	  	Account
Number	  	Material
Bank
Account
(Y/N)
	BJ’s Wholesale Club, Inc.	  	Lottery	  	 Wells Fargo Bank
 90 S 7th St., 7th Floor

Minneapolis, MN
 55402
	  	2000001101223	  	N
					
	BJ’s Wholesale Club, Inc.	  	Lottery	  	 Wells Fargo Bank
 90 S 7th St., 7th Floor

Minneapolis, MN
 55402
	  	2000001101346	  	N
					
	BJ’s Wholesale Club, Inc.	  	Lottery	  	 Wells Fargo Bank
 90 S 7th St., 7th Floor

Minneapolis, MN
 55402
	  	2000001101427	  	N
					
	BJ’s Wholesale Club, Inc.	  	Lottery	  	 Wells Fargo Bank
 90 S 7th St., 7th Floor

Minneapolis, MN
 55402
	  	2000011055233	  	N
					
	BJ’s Wholesale Club, Inc.	  	Lottery	  	 Santander Bank
 75 State St.

Boston, MA 02109
	  	758-600-357-59	  	N
					
	BJ’s Wholesale Club, Inc.	  	Lottery	  	 Santander Bank
 75 State St.

Boston, MA 02109
	  	758-600-470-69	  	N
					
	BJ’s Wholesale Club, Inc.	  	Money Market	  	 Bank of America
 Merrill Lynch

200 N College St., 3rd
 Floor Charlotte, NC

28255-0001
	  	5S107A07	  	N
					
	BJ’s Wholesale Club, Inc.	  	 ACH Rebate
 Receipts
	  	 Bank of America

NC1-002-2705

101 S. Tryon Street
 Charlotte, NC 28255
	  	0046404-24327	  	N

  

  
 Schedule 8.12 

									
	 Borrower/Loan Party
	  	 Type of Account
	  	 Name & Address of

Financial Institutions
	  	Account
Number	  	Material
Bank
Account
(Y/N)
	BJ’s Wholesale Club, Inc.	  	 Funding
 Beacon Holdings

Inc.
	  	 Bank of America

NC1-002-2705

101 S. Tryon Street
 Charlotte, NC 28255
	  	0046404-25148	  	N
					
	BJ’s Wholesale Club, Inc.	  	Disbursement	  	 Bank of America

NC1-002-2705

101 S. Tryon Street
 Charlotte, NC 28255
	  	22200-77087	  	N
					
	BJ’s Wholesale Club, Inc.	  	Disbursements - Cigna	  	 JP Morgan
 1 Chase Manhattan

Plaza
 New York, NY 10005
	  	47575-8072	  	N
					
	BJ’s Wholesale Club, Inc.	  	 Employee
 Donations
	  	 Bank of America

NC1-002-2705

101 S. Tryon Street
 Charlotte, NC 28255
	  	0046404-29982	  	N
					
	BJ’s Wholesale Club, Inc.	  	ACH Disbursements	  	 Bank of America

NC1-002-2705

101 S. Tryon Street
 Charlotte, NC 28255
	  	0046404-31213	  	N
					
	BJ’s Wholesale Club, Inc.	  	 Miscellaneous
 Payroll
	  	 Bank of America

NC1-002-2705

101 S. Tryon Street
 Charlotte, NC 28255
	  	0046404-46978	  	N
					
	BJ’s Wholesale Club, Inc.	  	Bank Master	  	 US Bank

SL-MO T11C
 One US Bank
Plaza
 St. Louis, MO 63101
	  	1539-1089-7724	  	Y
					
	BJ’s Wholesale Club, Inc.	  	Club Depository	  	 US Bank

SL-MO T11C
 One US Bank
Plaza
 St. Louis, MO 63101
	  	1539-1089-7617	  	Y

  
 Schedule 8.12 

									
	 Borrower/Loan Party
	  	 Type of Account
	  	 Name & Address of

Financial Institutions
	  	Account
Number	  	Material
Bank
Account
(Y/N)
	BJ’s Wholesale Club, Inc.	  	Club Depository	  	 US Bank

SL-MO T11C
 One US Bank
Plaza
 St. Louis, MO 63101
	  	1539-1089-7625	  	Y
					
	BJ’s Wholesale Club, Inc.	  	Club Depository	  	 US Bank

SL-MO T11C
 One US Bank
Plaza
 St. Louis, MO 63101
	  	1539-1089-7666	  	Y
					
	BJ’s Wholesale Club, Inc.	  	Club Depository	  	 US Bank

SL-MO T11C
 One US Bank
Plaza
 St. Louis, MO 63101
	  	1539-1089-7567	  	Y
					
	BJ’s Wholesale Club, Inc.	  	Club Depository	  	 US Bank

SL-MO T11C
 One US Bank
Plaza
 St. Louis, MO 63101
	  	1539-1089-7526	  	Y
					
	BJ’s Wholesale Club, Inc.	  	Club Depository	  	 US Bank

SL-MO T11C
 One US Bank
Plaza
 St. Louis, MO 63101
	  	1539-1089-7427	  	Y
					
	BJ’s Wholesale Club, Inc.	  	Club Depository	  	 US Bank

SL-MO T11C
 One US Bank
Plaza
 St. Louis, MO 63101
	  	1539-1089-7575	  	Y
					
	BJ’s Wholesale Club, Inc.	  	Club Depository	  	 US Bank

SL-MO T11C
 One US Bank
Plaza
 St. Louis, MO 63101
	  	1539-1089-7476	  	Y
					
	BJ’s Wholesale Club, Inc.	  	Club Depository	  	 Wells Fargo Bank
 90 S 7th St., 7th Floor

Minneapolis, MN
 55402
	  	41-2709-5248	  	Y

  
 Schedule 8.12 

									
	 Borrower/Loan Party
	  	 Type of Account
	  	 Name & Address of

Financial Institutions
	  	Account
Number	  	Material
Bank
Account
(Y/N)
	BJ’s Wholesale Club, Inc.	  	Club Depository	  	 Wells Fargo Bank
 90 S 7th St., 7th Floor

Minneapolis, MN
 55402
	  	41-2709-5255	  	Y
					
	BJ’s Wholesale Club, Inc.	  	Club Depository	  	 Wells Fargo Bank
 90 S 7th St., 7th Floor

Minneapolis, MN
 55402
	  	41-2709-5263	  	Y
					
	BJ’s Wholesale Club, Inc.	  	Club Depository	  	 Wells Fargo Bank
 90 S 7th St., 7th Floor

Minneapolis, MN
 55402
	  	41-2709-5271	  	Y
					
	BJ’s Wholesale Club, Inc.	  	Club Depository	  	 Wells Fargo Bank
 90 S 7th St., 7th Floor

Minneapolis, MN
 55402
	  	41-2709-5289	  	Y
					
	BJ’s Wholesale Club, Inc.	  	 Consumer Funds
 (Trust Account)
	  	 Bank of America

NC1-002-2705

101 S. Tryon Street
 Charlotte, NC 28255
	  	0046404-48251	  	N
					
	BJ’s Wholesale Club, Inc.	  	Funding	  	 Bank of America

NC1-002-2705

101 S. Tryon Street
 Charlotte, NC 28255
	  	00046468-91967	  	N
					
	BJ’s Wholesale Club, Inc.	  	Depository	  	 TD Bank

ME2-009-000
 77 Exchange
St. Bangor, ME 04401
	  	24278-11028	  	N
					
	Natick Realty, Inc.	  	REIT accounts	  	 Santander Bank
 75 State St.

Boston, MA 02109
	  	64904963416	  	N

  
 Schedule 8.12 

 SCHEDULE 9.1(B) 

EXISTING LIENS 
 None. 

  
 Schedule 9.1(b) 

 SCHEDULE 9.2(F) 

EXISTING INVESTMENTS 
 All Equity Interests as
set forth on Schedule 5.12. 

  
 Schedule 9.2(f) 

 SCHEDULE 9.3(B) 

EXISTING INDEBTEDNESS 
  

	1.	 Indebtedness related to a capital lease, dated May 24, 2010, by and among BJ’s Wholesale Club, Inc.,
as Tenant, and Equity One JV Sub Northborough LLC, as Landlord, for certain land and buildings located in Northborough, Massachusetts, in the principal amount of $8,077,688 and with an expiration date of September 17, 2031.

  
 Schedule 9.3(b) 

 SCHEDULE 9.8 

EXISTING AFFILIATE TRANSACTIONS 
 None. 

  
 Schedule 9.8 

 SCHEDULE 9.9 

EXISTING BURDENSOME AGREEMENTS 
 None. 

  
 Schedule 9.9 

 SCHEDULE 12.8 

CERTAIN ADDRESSES FOR NOTICES 
 HOLDINGS,
THE BORROWER OR ANY LOAN PARTY: 
 [c/o] BJ’s Wholesale Club, Inc. 

25 Research Drive 
 Westborough, MA 01581 

Attention: Robert W. Eddy / Chief Financial Officer 
 Telephone: 774-512-5950 
 Telecopier: 774-512-6056 
 Email: rweddy@bjs.com 

Website: www.bjs.com 
 With a copy (which will not constitute
notice) to: 
 Latham & Watkins LLP 
 355 South Grand
Avenue 
 Los Angeles, CA 90071 
 Attention: John Jameson 

Telephone: (213) 891-7516 

Telecopier: (213) 891-8493 

Email: john.jameson@lw.com 
 WELLS FARGO BANK, NATIONAL
ASSOCIATION: 
 Wells Fargo Bank, National Association 

Wells Fargo Capital Finance 
 Retail Finance Division 

One Boston Place, 19th Floor 
 Boston, MA 02108 

Attention: Joseph Burt, Director 
 Telephone: (617) 854-7279 
 Facsimile: (866) 617-3988 

Email: Joseph.Burt@wellsfargo.com 
 Address for borrowing
requests: 
 Wells Fargo Bank, National Association 
 One
Boston Place, 19th Floor 
 Boston, MA 02108 
 Attention:
BJ’s Wholesale Club, Inc. - Loan Servicer 
 Facsimile: 866-358-0023

 WFRFwires@wellsfargo.com 

  
 Schedule 12.8 

 Address for payments: 

ABA No. 121-000-248 

Account Number 37235547964502815 
 Wells Fargo Bank, N.A. 

420 Montgomery Street 
 San Francisco, CA 

Account Name: Wells Fargo Bank, N.A. 
 Reference: BJ’S
WHOLESALE CLUB, INC. Lucas ID BWU00 

  
 Schedule 12.8 

 EXHIBIT A 

FORM OF ASSIGNMENT AND ASSUMPTION 

This Assignment and Assumption (this “Assignment and Assumption”) is dated as of the Assignment Effective Date set forth
below and is entered into by and between [the][each]1 Assignor identified in item 1 below ([the][each, an] “Assignor”) and
[the][each]2 Assignee identified in item 2 below ([the][each, an] “Assignee”). [It is understood and agreed that the rights and obligations of [the Assignors][the Assignees]3 hereunder are several and not joint.]4 Capitalized terms used but not defined herein shall have the meanings given to them in the Amended and
Restated Credit Agreement identified below (the “Credit Agreement”), receipt of a copy of which is hereby acknowledged by [the][each] Assignee. The Standard Terms and Conditions set forth in Annex 1 attached hereto are hereby agreed
to and incorporated herein by reference and made a part of this Assignment and Assumption as if set forth herein in full. 
 For an agreed
consideration, [the][each] Assignor hereby irrevocably sells and assigns to [the Assignee][the respective Assignees], and [the][each] Assignee hereby irrevocably purchases and assumes from [the Assignor][the respective Assignors], subject to and in
accordance with the Standard Terms and Conditions and the Credit Agreement, as of the Assignment Effective Date inserted by the Administrative Agent as contemplated below (i) all of [the Assignor’s][the respective Assignors’] rights
and obligations in [its capacity as a Lender][their respective capacities as Lenders] under the Credit Agreement and any other documents or instruments delivered pursuant thereto to the extent related to the amount and percentage interest identified
below of all of such outstanding rights and obligations of [the Assignor][the respective Assignors] under the respective facilities identified below (including, without limitation, the Letters of Credit and the Swing Loans included in such
facilities5) and (ii) to the extent permitted to be assigned under applicable law, all claims, suits, causes of action and any other right of [the Assignor (in its capacity as a Lender)][the
respective Assignors (in their respective capacities as Lenders)] against any Person, whether known or unknown, arising under or in connection with the Credit Agreement, any other documents or instruments delivered pursuant thereto or the loan
transactions governed thereby or in any way based on or related to any of the foregoing, including, but not limited to, contract claims, tort claims, malpractice claims, statutory claims and all other claims at law or in equity related to the rights
and obligations sold and assigned pursuant to clause (i) above (the rights and obligations sold and assigned by [the][any] Assignor 

 

	1 	 For bracketed language here and elsewhere in this form relating to the Assignor(s), if the assignment is from a
single Assignor, choose the first bracketed language. If the assignment is from multiple Assignors, choose the second bracketed language. 

	2 	 For bracketed language here and elsewhere in this form relating to the Assignee(s), if the assignment is to a
single Assignee, choose the first bracketed language. If the assignment is to multiple Assignees, choose the second bracketed language. 

	3 	 Select as appropriate. 

	4 	 Include bracketed language if there are either multiple Assignors or multiple Assignees. 

	5 	 Include all applicable subfacilities. 

  
 A-1 

 
to [the][any] Assignee pursuant to clauses (i) and (ii) above being referred to herein collectively as [the][an] “Assigned Interest”). Each such sale and assignment is without
recourse to [the][any] Assignor and, except as expressly provided in this Assignment and Assumption, without representation or warranty by [the][any] Assignor. 
  

	1.	 Assignor[s]:
                     

  

	2.	 Assignee[s]:
                     

 [for
each Assignee identify Lender] 
  

	3.	 Borrower: BJ’s Wholesale Club, Inc., a Delaware corporation (the “Borrower”)

  

	4.	 Administrative Agent: Wells Fargo Bank, National Association, including any successor thereto, as the
administrative agent under the Credit Agreement 

  

	5.	 Credit Agreement: The Amended and Restated Credit Agreement, dated as of February 3, 2017, by and among
others, the Borrower, Beacon Holding Inc., a Delaware corporation (“Holdings”), Wells Fargo Bank, National Association, as administrative agent (in such capacity, including any successor thereto, the “Administrative
Agent”) under the Loan Documents, and each Lender from time to time party thereto 

  

	6.	 Assigned Interest: 

 

																									
	
Assignor[s]6
	  	Assignee[s]7	 	  	Facility
Assigned8	 	  	Aggregate Amount
of applicable
Commitment/Loans
for all Lenders9	 	  	Amount of
Commitment/Loans
Assigned	 	  	Percentage Assigned
of Commitment/
Loans10	 	 	CUSIP
Number	 
		  				  				  	$	                     	 	  	$	                     	 	  	 	        	% 	 			
		  				  				  	$	                     	 	  	$	                     	 	  	 	        	% 	 			
		  				  				  	$	                     	 	  	$	                     	 	  	 	        	% 	 			

  

	[7.	 Trade Date:
                    ]11 

 
  

	6 	 List each Assignor, as appropriate. 

	7 	 List each Assignee, as appropriate. 

	8 	 Fill in the appropriate terminology for the types of facilities under the Credit Agreement that are being
assigned under this Assignment and Assumption (e.g., “Term Commitments,” “Revolving Credit Commitments,” “Extended Revolving Credit Commitments,” etc.). 

	9 	 Amounts in this column and in the column immediately to the right to be adjusted by the counterparties to take
into account any payments or prepayments made between the Trade Date and the Assignment Effective Date. 

	10 	 Set forth, to at least 9 decimals, as a percentage of the applicable Commitment/Loans of all Lenders
thereunder. 

  
 A-2 

 Assignment Effective Date:
                    , 20     [TO BE INSERTED BY THE ADMINISTRATIVE AGENT AND WHICH SHALL BE THE ASSIGNMENT
EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.] 
  

	11 	 To be completed if the Assignor and the Assignee intend that the minimum assignment amount is to be determined
as of the Trade Date. 

  
 A-3 

 The terms set forth in this Assignment and Assumption are hereby agreed to: 

 

			
	ASSIGNOR
	
	[NAME OF ASSIGNOR]
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	ASSIGNEE
	
	[NAME OF ASSIGNEE]
		
	By:	 	  

	Name:	 	
	Title:	 	

  

			
	[Consented to and]1 Accepted:
	
	WELL FARGO BANK, NATIONAL ASSOCIATION as Administrative Agent
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	 [Consented to:
  

[                ]

		
	By:	 	  

	Name:	 	
	Title:]2	 	

  
  

	1 	 To be added only if the consent of the Administrative Agent is required by the terms of the Credit Agreement.

	2 	 To be added only if the consent of the Borrower and/or other parties (e.g. Swing Loan Lender or the Issuers) is
required by the terms of the Credit Agreement. 

  
 A-4 

 ANNEX 1 

TO ASSIGNMENT AND ASSUMPTION 
 Amended and Restated
Credit Agreement (the “Credit Agreement”), dated as of February 3, 2017, among others, BJ’s Wholesale Club, Inc., a Delaware corporation (the “Borrower”), Beacon Holding Inc., a Delaware corporation
(“Holdings”), Wells Fargo Bank, National Association, as administrative agent (in such capacity, including any successor thereto, the “Administrative Agent”) under the Loan Documents, and each Lender from time to
time party thereto. 
 STANDARD TERMS AND CONDITIONS FOR 

ASSIGNMENT AND ASSUMPTION 

1. Representations and Warranties. 

1.1. Assignor. [The][Each] Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of [the][[the
relevant] Assigned Interest, (ii) [the][such] Assigned Interest is free and clear of any lien, encumbrance or other adverse claim and (iii) it has full power and authority, and has taken all action necessary, to execute and deliver this
Assignment and Assumption and to consummate the transactions contemplated hereby; and (b) assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with the Credit Agreement or any
other Loan Document, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Documents or any collateral thereunder, (iii) the financial condition of the Borrower, any of its Subsidiaries or
Affiliates or any other Person obligated in respect of any Loan Document or (iv) the performance or observance by the Borrower, any of its Subsidiaries or Affiliates or any other Person of any of their respective obligations under any Loan
Document. 
 1.2. Assignee. [The][Each] Assignee (a) represents and warrants that (i) it has full power and authority, and
has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement, (ii) it meets all the requirements to be an assignee
under Section 12.2(b)(iii) and (v) of the Credit Agreement (subject to such consents, if any, as may be required under Section 12.2(b)(iii) of the Credit Agreement), (iii) from and after the Assignment Effective Date referred to in this
Assignment and Assumption, it shall be bound by the provisions of the Credit Agreement as a Lender thereunder and, to the extent of [the][the relevant] Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it is
sophisticated with respect to decisions to acquire assets of the type represented by [the][such] Assigned Interest and either it, or the Person exercising discretion in making its decision to acquire [the][such] Assigned Interest, is experienced in
acquiring assets of such type, (v) it has received a copy of the Credit Agreement, and has received or has been accorded the opportunity to receive copies of the most 

  
 A-5 

 
recent financial statements delivered pursuant to Section 7.1(a), (b) and, if applicable, (c) thereof, as applicable, and such other documents and information as it deems appropriate to
make its own credit analysis and decision to enter into this Assignment and Assumption and to purchase [the][such] Assigned Interest, (vi) it has, independently and without reliance upon the Administrative Agent or any other Lender and based on
such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Assignment and Assumption and to purchase [the][such] Assigned Interest and (vii) attached hereto is any documentation
required to be delivered by it pursuant to the terms of the Credit Agreement, including but not limited to any documentation required pursuant to Section 3.1 of the Credit Agreement, duly completed and executed by [the][such] Assignee; and
(b) agrees that (i) it will, independently and without reliance upon the Administrative Agent, [the][any] Assignor or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make
its own credit decisions in taking or not taking action under the Loan Documents, and (ii) it will perform in accordance with their terms all of the obligations which by the terms of the Loan Documents are required to be performed by it as a
Lender. 
 2. Payments. From and after the Assignment Effective Date, the Administrative Agent shall make all payments in respect of
[the][each] Assigned Interest (including payments of principal, interest, fees and other amounts) to [the][the relevant] Assignor for amounts which have accrued to but excluding the Assignment Effective Date and to [the][the relevant] Assignee for
amounts which have accrued from and after the Assignment Effective Date. 
 3. General Provisions. This Assignment and Assumption
shall be binding upon, and inure to the benefit of, the parties hereto and their respective successors and assigns. This Assignment and Assumption may be executed in any number of counterparts (and by different parties hereto in different
counterparts), each of which shall constitute an original, but all of which together shall constitute one instrument. Delivery of an executed counterpart of a signature page of this Assignment and Assumption by telecopy or other electronic imaging
means shall be effective as delivery of a manually executed counterpart of this Assignment and Assumption. This Assignment and Assumption shall be governed by, and construed in accordance with, the law of the State of New York without giving effect
to the conflicts of laws principles thereof, but including Section 5-1401 of the New York General Obligations Law. 

  
 A-6 

 EXHIBIT B-1 

FORM OF REVOLVING CREDIT NOTE 

                    ,
20     
 FOR VALUE RECEIVED, the undersigned (the “Borrower”, together with all successors and
assigns), promises to pay                      (hereinafter, together with its successors in title and assigns,
the “Lender”) the aggregate unpaid principal balance of Revolving Loans made by the Lender to or for the account of the Borrower pursuant to the Credit Agreement (as hereafter defined) and amounts advanced by the Lender in respect
of any Letter of Credit and Swing Loans, with interest, fees, expenses and costs at the rate and payable in the manner stated in the Credit Agreement. As used herein, the “Credit Agreement” means and refers to that certain Amended and
Restated Credit Agreement, dated as of February 3, 2017 (as such may be amended, restated, extended, supplemented or otherwise modified from time to time) by and among others, BJ’s Wholesale Club, Inc., a Delaware corporation (the
“Borrower”), Beacon Holding Inc., a Delaware corporation, Wells Fargo Bank, National Association, as administrative agent (in such capacity, including any successor thereto, the “Administrative Agent”) under the
Loan Documents, and the Lender and each other Person from time to time party thereto as a lender thereunder. Capitalized terms used herein and not otherwise defined herein are used herein as defined in the Credit Agreement. 

This is a “Revolving Credit Note” to which reference is made in the Credit Agreement and is subject to all terms and provisions
thereof. This Revolving Credit Note is also entitled to the benefits of the Guaranty and is secured by the Collateral. The principal of, and interest on, this Revolving Credit Note shall be payable at the times, in the manner, and in the amounts as
provided in the Credit Agreement and shall be subject to prepayment and acceleration as provided therein. The Administrative Agent’s books and records concerning the Revolving Loans and amounts owing in respect of Letters of Credit and Swing
Loans, the accrual of interest and fees thereon, and the repayment of such Revolving Loans and advances in respect of Letters of Credit and Swing Loans, shall be prima facie evidence of the indebtedness to the Lender hereunder, absent manifest
error. 
 No delay or omission by the Administrative Agent or the Lender in exercising or enforcing any of the Administrative Agent’s
or Lender’s powers, rights, privileges, remedies, or discretions hereunder shall operate as a waiver thereof on that occasion nor on any other occasion. No waiver of any Event of Default shall operate as a waiver of any other Event of Default,
nor as a continuing waiver. 
 The Borrower waives presentment, demand, notice, and protest, and also waives any delay on the part of the
holder hereof. The Borrower assents to any extension or other indulgence (including, without limitation, the release or substitution of Collateral) permitted by the Administrative Agent and/or the Lender with respect to this Revolving Credit Note
and/or any Collateral Document or any extension or other indulgence with respect to any other liability or 

  
 B-1-1 

 
any collateral given to secure any other liability of the Borrower or any other Person obligated on account of this Revolving Credit Note. 

This Revolving Credit Note shall be binding upon the Borrower and upon its successors, assigns, and representatives, and shall inure to the
benefit of the Lender and its successors, endorsees and assigns. 
 The Borrower agrees that any action or proceeding arising out of or
relating to this Revolving Credit Note or for recognition or enforcement of any judgment, may be brought in the courts of the state of New York sitting in New York City in the Borough of Manhattan or of the United States for the Southern District of
New York, and any appellate court from any thereof, and by execution and delivery of this Revolving Credit Note, the Borrower and the Lender each consent, for itself and in respect of its property, to the exclusive jurisdiction of those courts. To
the fullest extent permitted by applicable law, the Borrower irrevocably waives any objection, including any objection to the laying of venue or based on the grounds of forum non conveniens, which it may now or hereafter have to the bringing
of any action or proceeding in the courts of the state of New York sitting in New York City in the Borough of Manhattan or of the United States for the Southern District of New York, and any appellate court from any thereof. 

THIS REVOLVING CREDIT NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK WITHOUT GIVING EFFECT TO
THE CONFLICTS OF LAWS PRINCIPLES THEREOF, BUT INCLUDING SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW. 
 The Borrower makes the
following waiver knowingly, voluntarily, and intentionally, and understands that the Administrative Agent and the Lender, in the establishment and maintenance of their respective relationship with the Borrower contemplated by this Revolving Credit
Note, are each relying thereon. THE BORROWER, AND THE LENDER BY ITS ACCEPTANCE HEREOF, HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR
INDIRECTLY ARISING OUT OF OR RELATING TO THIS REVOLVING CREDIT NOTE OR THE TRANSACTIONS CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, TORT, OR ANY OTHER THEORY). 

[Remainder of page intentionally left blank] 

  
 B-1-2 

 IN WITNESS WHEREOF, the undersigned has caused this Revolving Credit Note to be duly
executed and delivered by its duly authorized officer as of the date first above written. 
  

			
	BJ’S WHOLESALE CLUB, INC.
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 B-1-3 

 LOANS AND PAYMENTS 
  

											
	 Date
	 	 Amount of

Loan
	 	 Maturity

Date
	 	 Payments of
Principal/Interest
	 	 Principal

Balance of
 Note
	 	 Name of

Person
 Making this

Notation

  

  
 B-1-4 

 EXHIBIT B-2 

FORM OF TERM NOTE 

                    ,
20     
 FOR VALUE RECEIVED, the undersigned (the “Borrower”, together with all successors and
assigns), promises to pay                  (hereinafter, together with its successors in title and assigns, the “Lender”)
the aggregate unpaid principal balance of Term Loan made by the Lender to or for the account of the Borrower pursuant to the Credit Agreement (as hereafter defined), with interest, fees, expenses and costs at the rate and payable in the manner
stated in the Credit Agreement. As used herein, the “Credit Agreement” means and refers to that certain Amended and Restated Credit Agreement, dated as of February 3, 2017 (as such may be amended, restated, extended, supplemented or
otherwise modified from time to time) by and among others, BJ’s Wholesale Club, Inc., a Delaware corporation (the “Borrower”), Beacon Holding Inc., a Delaware corporation, Wells Fargo Bank, National Association, as
administrative agent (in such capacity, including any successor thereto, the “Administrative Agent”) under the Loan Documents, and the Lender and each other Person from time to time party thereto as a lender thereunder. Capitalized
terms used herein and not otherwise defined herein are used herein as defined in the Credit Agreement. 
 This is a “Term Note” to
which reference is made in the Credit Agreement and is subject to all terms and provisions thereof. This Term Note is also entitled to the benefits of the Guaranty and is secured by the Collateral. The principal of, and interest on, this Term Note
shall be payable at the times, in the manner, and in the amounts as provided in the Credit Agreement and shall be subject to prepayment and acceleration as provided therein. The Administrative Agent’s books and records concerning the Term Loan,
the accrual of interest and fees thereon, and the repayment of such Term Loan, shall be prima facie evidence of the indebtedness to the Lender hereunder, absent manifest error. 

No delay or omission by the Administrative Agent or the Lender in exercising or enforcing any of the Administrative Agent’s or
Lender’s powers, rights, privileges, remedies, or discretions hereunder shall operate as a waiver thereof on that occasion nor on any other occasion. No waiver of any Event of Default shall operate as a waiver of any other Event of Default, nor
as a continuing waiver. 
 The Borrower waives presentment, demand, notice, and protest, and also waives any delay on the part of the holder
hereof. The Borrower assents to any extension or other indulgence (including, without limitation, the release or substitution of Collateral) permitted by the Administrative Agent and/or the Lender with respect to this Term Note and/or any Collateral
Document or any extension or other indulgence with respect to any other liability or any collateral given to secure any other liability of the Borrower or any other Person obligated on account of this Term Note. 

  
 B-2-1 

 This Term Note shall be binding upon the Borrower and upon its successors, assigns, and
representatives, and shall inure to the benefit of the Lender and its successors, endorsees and assigns. 
 The Borrower agrees that any
action or proceeding arising out of or relating to this Term Note or for recognition or enforcement of any judgment, may be brought in the courts of the state of New York sitting in New York City in the Borough of Manhattan or of the United States
for the Southern District of New York, and any appellate court from any thereof, and by execution and delivery of this Term Note, the Borrower and the Lender each consent, for itself and in respect of its property, to the exclusive jurisdiction of
those courts. To the fullest extent permitted by applicable law, the Borrower irrevocably waives any objection, including any objection to the laying of venue or based on the grounds of forum non conveniens, which it may now or hereafter have
to the bringing of any action or proceeding in the courts of the state of New York sitting in New York City in the Borough of Manhattan or of the United States for the Southern District of New York, and any appellate court from any thereof. 

THIS TERM NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK WITHOUT GIVING EFFECT TO THE CONFLICTS
OF LAWS PRINCIPLES THEREOF, BUT INCLUDING SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW. 
 The Borrower makes the following waiver
knowingly, voluntarily, and intentionally, and understands that the Administrative Agent and the Lender, in the establishment and maintenance of their respective relationship with the Borrower contemplated by this Term Note, are each relying
thereon. THE BORROWER, AND THE LENDER BY ITS ACCEPTANCE HEREOF, HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR
RELATING TO THIS TERM NOTE OR THE TRANSACTIONS CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, TORT, OR ANY OTHER THEORY). 
 [Remainder
of page intentionally left blank] 

  
 B-2-2 

 IN WITNESS WHEREOF, the undersigned has caused this Term Note to be duly executed and
delivered by its duly authorized officer as of the date first above written. 
  

			
	BJ’S WHOLESALE CLUB, INC.
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 B-2-3 

 LOANS AND PAYMENTS 
  

											
	 Date
	 	 Amount of

Loan
	 	 Maturity

Date
	 	 Payments of
Principal/Interest
	 	 Principal

Balance of
 Note
	 	 Name of

Person
 Making this

Notation

  

  
 B-2-4 

 EXHIBIT C 

FORM OF NOTICE OF BORROWING 

                     ,
20     
 WELLS FARGO BANK, NATIONAL ASSOCIATION 

as Administrative Agent under the Credit Agreement referred to below 

One Boston Place, 19th Floor 
 Boston, MA 02108 

Attention: BJ’s Wholesale Club, Inc. – Loan Servicer 

Facsimile: (866) 358-0023 
 Re: BJ’s
Wholesale Club, Inc. 
 Reference is made to that certain Amended and Restated Credit Agreement, dated as of February 3, 2017 (as
the same may be amended, restated, extended, supplemented or otherwise modified from time to time, the “Credit Agreement”), by and among others, BJ’s Wholesale Club, Inc., a Delaware corporation (the
“Borrower”), Beacon Holding Inc., a Delaware corporation (“Holdings”), Wells Fargo Bank, National Association, as administrative agent (in such capacity, including any successor thereto, the “Administrative
Agent”) under the Loan Documents, and each Lender from time to time party thereto. Capitalized terms used herein and not otherwise defined herein are used herein as defined in the Credit Agreement. 

The Borrower hereby gives you notice, irrevocably, pursuant to Section 2.2(a) of the Credit Agreement that the undersigned hereby
requests a Borrowing under the Credit Agreement and, in connection therewith, sets forth below the information relating to the Borrowing (the “Proposed Borrowing”) as required by Section 2.2(a) of the Credit Agreement: 

(a) The date of the Proposed Borrowing is
                     ,         (the
“Funding Date”) (which shall be a Business Day). 
 (b) The aggregate amount of the Proposed Borrowing is
$            . 
 (c)
$                of the Proposed Borrowing shall be composed of Base Rate Loans and
$                of the Proposed Borrowing shall be composed of Eurocurrency Rate Loans with an Interest Period of
             months (such Interest Period to comply with the provisions of the definition of “Interest
Period”).1 
 (d) The Class of the Proposed Borrowing shall be [Term
Loans]/[Revolving Loans].2 
  

 

	1 	 Edit, as applicable, to the extent that the Proposed Borrowing will be comprised entirely of Base Rate Loans or
Eurocurrency Loans. 

	2 	 Delete as applicable. 

  
 C-1 

 (e) [Borrower represents and warrants that the Borrower and its Subsidiaries (taken as a
whole) are Solvent after giving effect to such Proposed Borrowing and the use of proceeds thereof.]3 

The undersigned hereby represents and warrants that the conditions set forth in Section 4.2(b) of the Credit Agreement shall be satisfied on
the Funding Date both immediately before and immediately after giving effect to the Proposed Borrowing and to the application of the proceeds therefrom. 

[Remainder of page intentionally left blank] 

 

	3 	 For any Borrowing the proceeds of which shall be used to fund a Restricted Payment. 

  
 C-2 

 
			
	BJ’S WHOLESALE CLUB, INC.
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 C-3 

 EXHIBIT D 

FORM OF SWING LOAN REQUEST 

                 ,
         
 Wells Fargo Bank, National Association 

as Administrative Agent under the Credit Agreement referred to below 

One Boston Place, 19th Floor 
 Boston, MA 02108 

Attention: BJ’s Wholesale Club, Inc. – Loan Servicer 

Facsimile: (866) 358-0023 
 Re: BJ’s
Wholesale Club, Inc. 
 Reference is made to that certain Amended and Restated Credit Agreement, dated as of February 3, 2017 (as
the same may be amended, restated, extended, supplemented or otherwise modified from time to time, the “Credit Agreement”), by and among others, BJ’s Wholesale Club, Inc., a Delaware corporation (the
“Borrower”), Beacon Holding Inc., a Delaware corporation (“Holdings”), Wells Fargo Bank, National Association, as administrative agent (in such capacity, including any successor thereto, the “Administrative
Agent”) under the Loan Documents, and each Lender from time to time party thereto. Capitalized terms used herein and not otherwise defined herein are used herein as defined in the Credit Agreement. 

The Borrower hereby gives you notice, irrevocably, pursuant to Section 2.3(b) of the Credit Agreement that the undersigned hereby
requests that the Swing Loan Lender make Swing Loans available to the Borrower under the Credit Agreement and, in connection therewith, sets forth below the information relating to such Swing Loans (the “Proposed Advance”) as
required by Section 2.3(b) of the Credit Agreement: 
 (a) The date of the Proposed Advance is
                     , 20     (the “Funding Date”) (which shall be a Business Day).

 (b) The aggregate amount of the Proposed Advance is $
                    . 

[Borrower represents and warrants that the Borrower and its Subsidiaries (taken as a whole) are Solvent after giving effect to such Proposed
Borrowing and the use of proceeds thereof.]1 
 The undersigned hereby represents and
warrants that the conditions set forth in Section 4.2(b) of the Credit Agreement shall be satisfied on the Funding Date both immediately before and immediately after giving effect to the Proposed Advance and to the application of the proceeds
therefrom. 
 [Remainder of page intentionally left blank] 
  

 

	1 	 For any Borrowing the proceeds of which shall be used to fund a Restricted Payment. 

  
 D-1 

 
			
	BJ’S WHOLESALE CLUB, INC.
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 D-2 

 EXHIBIT E 

FORM OF LETTER OF CREDIT REQUEST 

                    
    , 20     
 [Name of Issuer], as an Issuer 

under the Credit Agreement referred to below 
 Wells Fargo Bank,
National Association 
 as Administrative Agent under the Credit Agreement referred to below 

One Boston Place, 19th Floor 
 Boston, MA 02108 

(617) 854-7279 
 Attention: BJ’s Wholesale Club, Inc. 

Re: BJ’s Wholesale Club, Inc. 

Reference is made to that certain Amended and Restated Credit Agreement, dated as of February 3, 2017 (as the same may be amended,
restated, extended, supplemented or otherwise modified from time to time, the “Credit Agreement”), by and among others, BJ’s Wholesale Club, Inc., a Delaware corporation (the “Borrower”), Beacon Holding Inc., a
Delaware corporation (“Holdings”), Wells Fargo Bank, National Association, as administrative agent (in such capacity, including any successor thereto, the “Administrative Agent”) under the Loan Documents, and each
Lender from time to time party thereto. Capitalized terms used herein and not otherwise defined herein are used herein as defined in the Credit Agreement. 

The Borrower hereby gives you notice, irrevocably, pursuant to Section 2.4(c) of the Credit Agreement, that the undersigned requests the
issuance of a Letter of Credit by [Name of Issuer] in the form of a [standby] [documentary] letter of credit [for its own account] [for the account of a Restricted Subsidiary of the Borrower] for the benefit of [Name of Beneficiary], in the amount
of $                 to be issued on
                     , 20     (the “Issue Date”) and having an
expiration date of                          , 20     (which day shall be a
Business Day). 
 The undersigned hereby represents and warrants that the conditions set forth in Section 4.2(b) of the Credit Agreement
shall be satisfied on the Issue Date both immediately before and immediately after the proposed issuance. 
 [Remainder of page
intentionally left blank] 

  
 E-1 

 
			
	BJ’S WHOLESALE CLUB, INC.
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 E-2 

 EXHIBIT F 

FORM OF NOTICE OF CONVERSION OR CONTINUATION 

                    
    , 20     
 Wells Fargo Bank, National Association 

as Administrative Agent under the Credit Agreement referred to below 

One Boston Place, 19th Floor 
 Boston, MA 02108 

Attention: BJ’s Wholesale Club, Inc. – Loan Servicer 

Facsimile: (866) 358-0023 
 Re: BJ’s
Wholesale Club, Inc. 
 Reference is made to that certain Amended and Restated Credit Agreement, dated as of February 3, 2017 (as
the same may be amended, restated, extended, supplemented or otherwise modified from time to time, the “Credit Agreement”), by and among others, BJ’s Wholesale Club, Inc., a Delaware corporation (the
“Borrower”), Beacon Holding Inc., a Delaware corporation (“Holdings”), Wells Fargo Bank, National Association, as administrative agent (in such capacity, including any successor thereto, the “Administrative
Agent”) under the Loan Documents, and each Lender from time to time party thereto. Capitalized terms used herein and not otherwise defined herein are used herein as defined in the Credit Agreement. 

The Borrower hereby gives you notice, irrevocably, pursuant to Section 2.11(a) of the Credit Agreement that the undersigned hereby
requests a [conversion on                          , 20    ] [continuation] of
$[            ] in principal amount of presently outstanding [Revolving] [Term] Loans that are [Base Rate Loans] [Eurocurrency Rate Loans having an Interest Period ending on
                         , 20    ][to] [as] [Base Rate] [Eurocurrency
Rate] Loans. [The Interest Period for such amount requested to be converted to or continued as Eurocurrency Rate Loans is          month[s]). 

[Remainder of page intentionally left blank] 

  
 F-1 

 
			
	BJ’S WHOLESALE CLUB, INC.

 
			
		
	By:	 	 
	Name:	 	
	Title:	 	

  
 F-2 

 EXHIBIT G 

[RESERVED] 

  
 G-1 

 EXHIBIT H 

FORM OF GUARANTY 

Please see attached. 

  
 G-1 

 On File with the Administrative Agent. 

 EXHIBIT I 

FORM OF SECURITY AGREEMENT 

Please see attached. 

  
 I-1 

 On File with the Administrative Agent. 

 EXHIBIT J 

FORM OF BORROWING BASE CERTIFICATE 

Please see attached. 

  
 J-1 

 On File with the Administrative Agent. 

 EXHIBIT K 

FORM OF INTERCREDITOR AGREEMENT 

Please see attached. 

  
 K-1 

 On File with the Administrative Agent. 

  
 L-2 

 EXHIBIT L 

FORM OF INTERCOMPANY SUBORDINATION AGREEMENT 

This INTERCOMPANY SUBORDINATION AGREEMENT, dated as of
[                    ,         ] (as from time to time amended, amended and restated, modified,
replaced or supplemented in accordance with the terms hereof, this “Intercompany Subordination Agreement”), is made and entered into by and among each of the undersigned Loan Parties, to the extent a borrower from time to
time (in such capacity for the purposes of this Agreement, an “Obligor”) from any other entity listed on the signature page which is not a Loan Party (in such capacity for the purposes of this Intercompany Subordination Agreement, a
“Subordinated Creditor”). 
 RECITALS 

Reference is made to (i) that Amended and Restated Credit Agreement, dated as of February 3, 2017 (as the same may be amended,
restated, extended, supplemented or otherwise modified from time to time, the “Credit Agreement”), by and among BJ’s Wholesale Club, Inc., a Delaware corporation (the “Borrower”), Beacon Holding Inc., a
Delaware corporation (“Holdings”), Wells Fargo Bank, National Association, as administrative agent thereunder (in such capacity, including any successor thereto, the “Agent”), and each lender from time to time party
thereto (together with each other secured party thereunder, collectively, the “Secured Parties”), and any related notes, guarantees, collateral documents, instruments and agreements executed in connection with the Credit
Agreement, and in each case as amended, modified, renewed, refunded, replaced, restated, restructured, increased, supplemented or refinanced in whole or in part from time to time, regardless of whether such amendment, modification, renewal,
refunding, replacement, restatement, restructuring, increase, supplement or refinancing is with the same lenders or holders, agents or otherwise. Capitalized terms used but not otherwise defined herein shall have the respective meanings assigned to
them in the Credit Agreement. 
 B. All Indebtedness of each Obligor that is a Loan Party to each Subordinated Creditor that is not a Loan
Party now or hereafter existing (whether created directly or acquired by assignment or otherwise), and all interest, premiums, costs, expenses or indemnification amounts thereon or payable in respect thereof or in connection therewith, are
hereinafter referred to as the “Subordinated Debt”. Indebtedness owed to a Subordinated Creditor by any Obligor that is not a Loan Party shall not be subordinated to, and shall rank pari passu in right of payment with, any
other obligation of such Obligor. 
 C. This Intercompany Subordination Agreement is entered into pursuant to Sections 9.3(b)(ii) and 9.3(d)
of the Credit Agreement and delivered in connection therewith. 
 SECTION 1. Subordination. 

(a) Each Subordinated Creditor and each Obligor agrees that the Subordinated Debt is and shall be subordinate, to the extent and in the manner
hereinafter set forth, to the prior payment in full in cash of all Obligations of any such Obligor now or hereafter existing under the Credit Agreement and the other Loan Documents, including, without limitation, where applicable, such
Obligor’s guarantee thereof (the “Senior Indebtedness”). 

 (b) For the purposes of this Intercompany Subordination Agreement, (A) the Obligations
shall not be deemed to have been paid in full until the later of: (i) the payment in full in cash of the Obligations and all other amounts (other than (x) contingent indemnification obligations as to which no claim has been asserted,
(y) obligations and liabilities under Secured Hedge Agreements and Cash Management Services as to which arrangements satisfactory to the applicable Hedge Bank or Cash Management Bank shall have been made and (z) Letter of Credit
Obligations which have been Cash Collateralized or back-stopped by a letter of credit as provided for in the Credit Agreement) payable under the Credit Agreement and the other Loan Documents and (ii) the Scheduled Termination Date. 

(c) A Subordinated Creditor shall automatically be released from its obligations hereunder upon the consummation of any transaction permitted
by the Credit Agreement as a result of which such Subordinated Creditor ceases to be a Subsidiary of the Borrower. 
 SECTION 2. Events
of Subordination. 
 (a) In the event of any dissolution, winding up, liquidation, arrangement, reorganization, adjustment, protection,
relief or composition of any Obligor or its debts, whether voluntary or involuntary, in any bankruptcy, insolvency, arrangement, reorganization, receivership, relief or other similar case or proceeding under any Debtor Relief Law or upon an
assignment for the benefit of creditors or any other marshalling of the assets and liabilities of any Obligor or otherwise, the Secured Parties shall be entitled to receive payment in full of the Senior Indebtedness before any Subordinated Creditor
is entitled to receive any payment of all or any of the Subordinated Debt, and any payment or distribution of any kind (whether in cash, property or securities, but other than (A) equity securities or (B) debt securities of such Obligor
that are subordinated, to at least the same extent as the Subordinated Debt hereunder, to the payment of all Senior Indebtedness then outstanding) that otherwise would be payable or deliverable upon or with respect to the Subordinated Debt in any
such case, proceeding, assignment, marshalling or otherwise (including any payment that may be payable by reason of any other indebtedness of such Obligor being subordinated to payment of the Subordinated Debt) shall be paid or delivered directly to
the Agent for the account of the Secured Parties for application (in the case of cash) to, or as collateral (in the case of non-cash property or securities) for, the payment or prepayment of the Senior Indebtedness until the Senior Indebtedness
shall have been paid in full in cash. 
 (b) If any Event of Default has occurred and is continuing under the Credit Agreement and after
notice from the Agent to each Subordinated Creditor (provided that no such notice shall be required to be given in the case of any Event of Default arising under Section 10.1(f) of the Credit Agreement), then no payment (including any payment that
may be payable by reason of any other Indebtedness of any Obligor being subordinated to payment of the Subordinated Debt) or distribution of any kind or character shall be made by or on behalf of any Obligor for or on account of any Subordinated
Debt, and no Subordinated Creditor shall take or receive from any Obligor, directly or indirectly, in cash or other property or by set-off or in any other manner, including, without limitation, from or by way of collateral, payment of all or any of
the Subordinated Debt, until (x) the Senior Indebtedness shall have been paid in full in cash or (y) such Event of Default shall have been cured or waived, unless (i) with respect to an Event of Default arising under
Section 10.1(f) of the Credit Agreement, as otherwise agreed in writing by 

  
 L-2 

 
the Agent, or (ii) with respect to any other Event of Default, as otherwise agreed, in the Agent’s reasonable discretion, in writing by the Agent providing the applicable notice for the
Credit Agreement. 
 (c) [Reserved]. 

(d) Except as otherwise set forth in Sections 2(a) through (c) above, any Obligor is permitted to pay, and any Subordinated
Creditor is entitled to receive, any payment or prepayment of principal and interest on the Subordinated Debt. 
 SECTION 3. In
Furtherance of Subordination. Each Subordinated Creditor agrees as follows: 
 (a) If any proceeding referred to in
Section 2(a) above is commenced by or against any Obligor, 
 (i) the Agent is hereby irrevocably
authorized and empowered (in its own name or in the name of each Subordinated Creditor or otherwise), but shall have no obligation, to demand, sue for, collect and receive every payment or distribution referred to in Section 2(a) and give
acquittance therefor and to file claims and proofs of claim and take such other action (including, without limitation, voting the Subordinated Debt or enforcing any security interest or other lien securing payment of the Subordinated Debt) as it may
deem necessary or advisable for the exercise or enforcement of any of the rights or interests of the Agent and of the other Secured Parties hereunder; and 

(ii) each Subordinated Creditor shall duly and promptly take such action as the Agent may reasonably request (A) to
collect the Subordinated Debt for the account of the Agent and of the other Secured Parties and to file appropriate claims or proofs or claim in respect of the Subordinated Debt, (B) to execute and deliver to the Agent such powers of attorney,
assignments, or other instruments as the Agent may request in order to enable the Agent to enforce any and all claims with respect to, and any security interests and other liens securing payment of, the Subordinated Debt, and (C) to collect and
receive any and all payments or distributions which may be payable or deliverable upon or with respect to the Subordinated Debt. 
 (b) All
payments or distributions upon or with respect to the Subordinated Debt which are received by each Subordinated Creditor contrary to the provisions of this Intercompany Subordination Agreement shall be received in trust for the benefit of the Agent
and of the other Secured Parties, shall be segregated from other funds and property held by such Subordinated Creditor and shall be forthwith paid over to the Agent for the account of the Agent and of the other Secured Parties in the same form as so
received (with any necessary indorsement) to be applied (in the case of cash) to, or held as collateral (in the case of non-cash property or securities) for, the payment or prepayment of the Senior Indebtedness, as applicable in accordance with the
terms of the Credit Agreement. 
 (c) The Agent is hereby authorized to demand specific performance of this Intercompany Subordination
Agreement, whether or not such Obligor shall have complied with any of the provisions hereof applicable to it, at any time when such Subordinated Creditor shall 

  
 L-3 

 
have failed to comply with any of the provisions of this Intercompany Subordination Agreement applicable to it. Each Subordinated Creditor hereby irrevocably waives any defense based on the
adequacy of a remedy at law, which might be asserted as a bar to such remedy of specific performance. 
 SECTION 4. Rights of
Subrogation. Each Subordinated Creditor agrees that no payment or distribution to the Agent or the other Secured Parties pursuant to the provisions of this Intercompany Subordination Agreement shall entitle such Subordinated Creditor to exercise
any right of subrogation in respect thereof until the Senior Indebtedness shall have been paid in full in cash (other than (x) contingent indemnification obligations as to which no claim has been asserted, (y) obligations and liabilities
under Secured Hedge Agreements and Cash Management Services agreements as to which arrangements satisfactory to the applicable Hedge Bank or Cash Management Bank shall have been made and (z) Letter of Credit Obligations which have been Cash
Collateralized or back stopped by a letter of credit as provided for in the Credit Agreement). 
 SECTION 5. Further Assurances. Each
Subordinated Creditor and each Obligor will, at its expense and at any time and from time to time, promptly execute and deliver all further instruments and documents, and take all further action, that may be necessary, or that the Agent may
reasonably request in writing, in order to protect any right or interest granted or purported to be granted hereby or to enable the Agent or any other Secured Parties to exercise and enforce its rights and remedies hereunder. 

SECTION 6. Agreements in Respect of Subordinated Debt. No Subordinated Creditor will except as permitted under the Credit Agreement:

 (a) sell, assign, pledge, encumber or otherwise dispose of any of the Subordinated Debt unless such sale, assignment, pledge, encumbrance
or disposition is made expressly subject to this Intercompany Subordination Agreement; or 
 (b) permit the terms of any of the Subordinated
Debt to be changed in such a manner as to have a material adverse effect upon the rights or interests of the Agent or any Lender hereunder. 

SECTION 7. Agreement by the Obligors. Each Obligor agrees that it will not make any payment of any of the Subordinated Debt, or take
any other action, in each case if such payment or other action would be in contravention of the provisions of this Intercompany Subordination Agreement. 

SECTION 8. Obligations Hereunder Not Affected. All rights and interests of the Agent and the other Secured Parties hereunder, and all
agreements and obligations of each Subordinated Creditor and each Obligor under this Intercompany Subordination Agreement, shall remain in full force and effect irrespective of: 

(a) any amendment, extension, renewal, compromise, discharge, acceleration or other change in the time for payment or the terms of the Senior
Indebtedness or any part thereof; 

  
 L-4 

 (b) any taking, holding, exchange, enforcement, waiver, release, failure to perfect, sell or
otherwise dispose of any security for payment of the Guaranty or any Senior Indebtedness; 
 (c) the application of security and directing
the order or manner of sale thereof as the Agent and other Secured Parties in their sole discretion may determine; 
 (d) the release or
substitution of one or more of any endorsers or other guarantors of any of the Senior Indebtedness; 
 (e) the taking of, or failure to take
any action which might in any manner or to any extent vary the risks of any Obligor or which, but for this Section 8, might operate as a discharge of such Obligor; 

(f) any defense arising by reason of any disability, change in corporate existence or structure or other defense of any Obligor or a
Subordinated Creditor, the cessation from any cause whatsoever (including any act or omission of any Secured Party) of the liability of such Obligor or a Subordinated Creditor; 

(g) any defense based on any claim that such Obligor’s or Subordinated Creditor’s obligations exceed or are more burdensome than
those of any other Obligor or any other subordinated creditor, as applicable; 
 (h) the benefit of any statute of limitations affecting
such Obligor’s or Subordinated Creditor’s liability hereunder; 
 (i) any right to proceed against any Obligor, proceed against or
exhaust any security for the Obligations, or pursue any other remedy in the power of any Secured Party, whatsoever; 
 (j) any benefit of
and any right to participate in any security now or hereafter held by any Secured Party, and 
 (k) to the fullest extent permitted by law,
any and all other defenses or benefits that may be derived from or afforded by applicable law limiting the liability of or exonerating guarantors or sureties. 

This Intercompany Subordination Agreement shall continue to be effective or be reinstated, as the case may be, if at any time any payment of any of the Senior
Indebtedness is rescinded or must otherwise be returned by the Agent or any other Secured Party upon the insolvency, bankruptcy or reorganization of any Obligor or otherwise, all as though such payment had not been made. 

SECTION 9. Waiver. Each Subordinated Creditor and each Obligor hereby waives promptness, diligence, notice of acceptance and any other
notice with respect to any of the Obligations and this Intercompany Subordination Agreement and any requirement that the Agent or any other Secured Party protect, secure, perfect or insure any security interest or lien or any property subject
thereto or exhaust any right or take any action against any Obligor or any other person or entity or any collateral. 

  
 L-5 

 SECTION 10. Amendments, Etc. No amendment or waiver of any provision of this
Intercompany Subordination Agreement, and no consent to any departure by any Subordinated Creditor or any Obligor herefrom, shall in any event be effective unless the same shall be in writing and signed by the Agent, such Obligor and each
Subordinated Creditor, and then such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given. 

SECTION 11. Expenses. The Agent is entitled to the benefits of Section 12.3 of the Credit Agreement with respect to reasonable
out-of-pocket cost and expenses incurred in connection with the preparation, negotiation and execution of this Intercompany Subordination Agreement. 

SECTION 12. Addresses for Notices. All communications and notices hereunder shall (except as otherwise expressly permitted herein) be
in writing and given as provided in Section 12.8 of the Credit Agreement. All communications and notice hereunder to an Obligor other than the Borrower shall be given in care of the Borrower. 

SECTION 13. No Waiver; Remedies. No failure on the part of the Agent or any other Secured Party to exercise, and no delay in
exercising, any right hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any right hereunder preclude any other or further exercise thereof or the exercise of any other right. The remedies herein provided are
cumulative and not exclusive of any remedies provided by law. 
 SECTION 14. Joinder. Upon execution and delivery after the date
hereof by any Restricted Subsidiary of a joinder agreement in substantially the form of Exhibit A hereto, each such party shall become an Obligor and/or a Subordinated Creditor, as applicable, hereunder with the same force and effect as if
originally named as an Obligor or a Subordinated Creditor, as applicable, hereunder. The rights and obligations of each Obligor and each Subordinated Creditor hereunder shall remain in full force and effect notwithstanding the addition of any new
Obligor or Subordinated Creditor as a party to this Intercompany Subordination Agreement. 
 SECTION 15. Governing Law; Jurisdiction;
Etc. (a) THIS INTERCOMPANY SUBORDINATION AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK WITHOUT GIVING EFFECT TO THE CONFLICTS OF LAWS PRINCIPLES THEREOF, BUT INCLUDING SECTION 5-1401 OF THE
NEW YORK GENERAL OBLIGATIONS LAW. 
 (b) EACH PARTY HERETO IRREVOCABLY AND UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE
EXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK SITTING IN THE STATE, COUNTY AND CITY OF NEW YORK IN THE BOROUGH OF MANHATTAN AND OF THE UNITED STATES DISTRICT COURT OF THE SOUTHERN DISTRICT OF NEW YORK, AND ANY APPELLATE COURT FROM
ANY THEREOF, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS INTERCOMPANY SUBORDINATION AGREEMENT, OR FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, AND EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY AGREES THAT ALL
CLAIMS IN RESPECT OF ANY SUCH ACTION OR PROCEEDING MAY BE 

  
 L-6 

 
HEARD AND DETERMINED IN SUCH NEW YORK STATE COURT OR, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN SUCH FEDERAL COURT. EACH OF THE PARTIES HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH
ACTION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. NOTHING IN THIS INTERCOMPANY SUBORDINATION AGREEMENT SHALL AFFECT ANY RIGHT THAT THE AGENT OR ANY
OTHER SECURED PARTY MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS INTERCOMPANY SUBORDINATION AGREEMENT AGAINST THE BORROWER OR ANY OTHER LOAN PARTY OR ITS PROPERTIES IN THE COURTS OF ANY JURISDICTION. 

(c) EACH PARTY HERETO IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY OBJECTION THAT IT MAY NOW
OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS INTERCOMPANY SUBORDINATION AGREEMENT IN ANY COURT REFERRED TO IN PARAGRAPH (B) OF THIS SECTION. EACH OF THE PARTIES HERETO HEREBY
IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION OR PROCEEDING IN ANY SUCH COURT. 

(d) EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES IN SECTION 11 OF THIS INTERCOMPANY
SUBORDINATION AGREEMENT. NOTHING IN THIS INTERCOMPANY SUBORDINATION AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW. 

(e) EACH PARTY TO THIS INTERCOMPANY SUBORDINATION AGREEMENT HEREBY EXPRESSLY WAIVES ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION OR
CAUSE OF ACTION ARISING UNDER THIS INTERCOMPANY SUBORDINATION AGREEMENT OR IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO OR ANY OF THEM WITH RESPECT TO THIS INTERCOMPANY SUBORDINATION AGREEMENT, OR THE
TRANSACTIONS RELATED THERETO, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER FOUNDED IN CONTRACT OR TORT OR OTHERWISE; AND EACH PARTY HEREBY AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION OR CAUSE OF ACTION SHALL BE
DECIDED BY COURT TRIAL WITHOUT A JURY, AND THAT ANY PARTY TO THIS AGREEMENT MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION 15(E) WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE SIGNATORIES HERETO TO THE WAIVER OF THEIR RIGHT TO
TRIAL BY JURY. 
 SECTION 16. Counterparts; Effectiveness. This Intercompany Subordination Agreement may be executed in
counterparts (and by different parties hereto in different counterparts), each of which shall constitute an original, but all of which when taken together 

  
 L-7 

 
shall constitute a single contract. This Intercompany Subordination Agreement shall become effective when it shall have been executed by the Borrower, the Obligors, the Subordinated Creditors and
the Agent and thereafter shall be binding upon and inure to the benefit of each Obligor, each Subordinated Creditor, the Agent, the other Secured Parties and their respective permitted successors and assigns, subject to Section 6 hereof.
Delivery of an executed counterpart of a signature page of this Intercompany Subordination Agreement by telecopy or other electronic imaging means (including in .pdf format via electronic mail) shall be effective as delivery of a manually executed
counterpart of this Intercompany Subordination Agreement. 
 SECTION 17. Intercreditor Agreement. The terms and provisions of this
Intercompany Subordination Agreement are subject to the Intercreditor Agreement, to the extent applicable. 
 [Remainder of page left
intentionally blank] 

  
 L-8 

 IN WITNESS WHEREOF, each Subordinated Creditor, each Obligor and the Borrower each has
caused this Intercompany Subordination Agreement to be duly executed and delivered by its officer thereunto duly authorized as of the date first above written. 

 

			
	BJ’S WHOLESALE CLUB, INC.

 
			
		
	By:	 	 
	Name:	 	
	Title:	 	

  
 L-9 

 
			
	OBLIGORS:
	
	BEACON HOLDING INC.

 
			
		
	By:	 	  

	Name:	 	
	Title:	 	

 
			
	
	BJME OPERATING CORP.

 
			
		
	By:	 	  

	Name:	 	
	Title:	 	

 
			
	
	BJNH OPERATING CO., LLC

 
			
		
	By:	 	  

	Name:	 	
	Title:	 	

 
			
	
	NATICK REALTY, INC.

 
			
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 L-10 

 
			
	SUBORDINATED CREDITORS:
	
	CWC BEVERAGES CORP.

 
			
		
	By:	 	  

	Name:	 	
	Title:	 	

 
			
	
	JWC BEVERAGES CORP.

 
			
		
	By:	 	  

	Name:	 	
	Title:	 	

 
			
	
	MORMAX BEVERAGES CORP.

 
			
		
	By:	 	  

	Name:	 	
	Title:	 	

 
			
	
	MORMAX CORPORATION

 
			
		
	By:	 	  

	Name:	 	
	Title:	 	

 
			
	
	NATICK GA BEVERAGE CORP.

 
			
		
	By:	 	  

	Name:	 	
	Title:	 	

 
			
	
	YWC BEVERAGE CORP.

 
			
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 L-11 

 
			
	NATICK FIFTH REALTY CORP.

 
			
		
	By:	 	  

	Name:	 	
	Title:	 	

 
			
	
	NATICK NH HOOKSETT REALTY CORP.

 
			
		
	By:	 	  

	Name:	 	
	Title:	 	

 
			
	
	NATICK NJ 1993 REALTY CORP.

 
			
		
	By:	 	  

	Name:	 	
	Title:	 	

 
			
	
	NATICK NJ FLEMINGTON REALTY CORP.

 
			
		
	By:	 	  

	Name:	 	
	Title:	 	

 
			
	
	NATICK NJ MANAHAWKIN REALTY CORP.

 
			
		
	By:	 	  

	Name:	 	
	Title:	 	

 
			
	
	NATICK NJ REALTY CORP.

 
			
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 L-12 

			
	Agreed and acknowledged as of the date first above written:
	
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Agent

			
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 L-13 

 Exhibit A to the Intercompany Subordination Agreement 

FORM OF JOINDER AGREEMENT 

This JOINDER AGREEMENT, dated as of
[                         , 201    ] (this “Joinder”), is delivered
pursuant to the Intercompany Subordination Agreement, dated as of February 3, 2017 (as the same may from time to time be amended, restated, supplemented or otherwise modified, the “Intercompany Subordination Agreement”) among
BJ’s Wholesale Club, Inc., a Delaware corporation (the “Borrower”), the Subordinated Creditors and Obligors from time to time party thereto, and Wells Fargo Bank, National Association, as administrative agent under the Credit
Agreement. Capitalized terms used but not otherwise defined herein shall have the meanings assigned to them in the Intercompany Subordination Agreement. 

1. Joinder in the Intercompany Subordination. The undersigned hereby agrees that on and after the date hereof, it shall be [an
“Obligor”] [and] [a “Subordinated Creditor”] under and as defined in the Intercompany Subordination Agreement, hereby assumes and agrees to perform all of the obligations of [an Obligor] [and] [a Subordinated
Creditor] thereunder and agrees that it shall comply with and be fully bound by the terms of the Intercompany Subordination Agreement as if it had been a signatory thereto as of the date thereof; provided that the representations and warranties made
by the undersigned thereunder shall be deemed true and correct as of the date of this Joinder. 
 2. Unconditional Joinder. The
undersigned acknowledges that the undersigned’s obligations as a party to this Joinder are unconditional and are not subject to the execution of one or more Joinders by other parties. The undersigned further agrees that it has joined and is
fully obligated as [an Obligor] [and] [a Subordinated Creditor] under the Intercompany Subordination Agreement. 
 3. Incorporation by
Reference. All terms and conditions of the Intercompany Subordination Agreement are hereby incorporated by reference in this Joinder as if set forth in full. 

IN WITNESS WHEREOF, the undersigned has duly executed and delivered this Joinder as of the day and year first above written. 

 

			
	[                                    
                                         
               ]

 
			
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 L-14 

 EXHIBIT M 

FORM OF SOLVENCY CERTIFICATE 

of 
 BJ’S WHOLESALE
CLUB, INC. 
 AND ITS SUBSIDIARIES 

[                    
    ], 2017 
 Pursuant to Section 4.1(a)(viii) of that certain Amended and Restated Credit Agreement, dated
as of February 3, 2017 (as the same may be amended, restated, extended, supplemented or otherwise modified from time to time, the “Credit Agreement”), by and among BJ’s Wholesale Club, Inc., a Delaware corporation (the
“Borrower”), Beacon Holding Inc., a Delaware corporation (“Holdings”), Wells Fargo Bank, National Association, as administrative agent (in such capacity, including any successor thereto, the “Administrative
Agent”) under the Loan Documents, and each Lender from time to time party thereto, the undersigned, solely in the undersigned’s capacity as [chief financial officer] of the Borrower, hereby certifies, on behalf of Borrower and not in
the undersigned’s individual or personal capacity and without personal liability, that, to his knowledge, as of the Restatement Effective Date, after giving effect to the Transactions (including the making of the Loans and other extensions of
credit under the Credit Agreement on the Restatement Effective Date and the application of the proceeds thereof): 
 (a) the fair value of
the assets of the Borrower and its Restricted Subsidiaries, on a consolidated basis, exceeds their debts and liabilities, subordinated, contingent or otherwise, on a consolidated basis; 

(b) the present fair saleable value of the property of the Borrower and its Restricted Subsidiaries, on a consolidated basis, is greater than
the amount that will be required to pay the probable liability, on a consolidated basis, of their debts and other liabilities, subordinated, contingent or otherwise, on a consolidated basis, as such debts and other liabilities become absolute and
matured; 
 (c) the Borrower and its Restricted Subsidiaries, on a consolidated basis, are able to pay their debts and liabilities,
subordinated, contingent or otherwise, on a consolidated basis, as such liabilities become absolute and matured; and 
 (d) the Borrower and
its Restricted Subsidiaries, on a consolidated basis, are not engaged in, and are not about to engage in, business for which they have unreasonably small capital. 

For purposes of this Solvency Certificate, the amount of any contingent liability at any time shall be computed as the amount that would
reasonably be expected to become an actual 

  
 M-1 

 
and matured liability. Capitalized terms used but not otherwise defined herein shall have the meanings assigned to them in the Credit Agreement. 

The undersigned is familiar with the business and financial position of the Borrower and its Restricted Subsidiaries. In reaching the
conclusions set forth in this Solvency Certificate, the undersigned has made such investigations and inquiries as the undersigned has deemed appropriate, having taken into account the nature of the business proposed to be conducted by the Borrower
and its Restricted Subsidiaries after consummation of the Transactions. 
 [Signature Page Follows] 

  
 M-2 

 IN WITNESS WHEREOF, the undersigned has executed this Solvency Certificate, solely in the
undersigned’s capacity as chief financial officer of the Borrower, on behalf of the Borrower and not in the undersigned’s individual or personal capacity and without personal liability, as of the date first stated above. 

 

			
	BJ’S WHOLESALE CLUB, INC.

 
			
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 M-3 

 EXHIBIT N 

[RESERVED] 

  
 N-1 

 EXHIBIT O-1 

FORM OF NON-BANK CERTIFICATE 

(For Foreign Lenders That Are Not Partnerships or Pass-Thru Entities For U.S. Federal 

Income Tax Purposes) 

Reference is made to that certain Amended and Restated Credit Agreement, dated as of February 3, 2017 (as the same may be amended,
restated, extended, supplemented or otherwise modified from time to time, the “Credit Agreement”), by and among others, BJ’s Wholesale Club, Inc., a Delaware corporation (the “Borrower”), Beacon Holding Inc., a
Delaware corporation, Wells Fargo Bank, National Association, as Administrative Agent under the Loan Documents, and each Lender from time to time party thereto. Capitalized terms used but not otherwise defined herein shall have the meanings assigned
to them in the Credit Agreement. 

                       
                      (the “Foreign Lender”) is providing this certificate pursuant to Section 3.1(b) of the Credit
Agreement. 
 The Foreign Lender hereby represents and warrants that: 

 

	 	1.	 The Foreign Lender is the sole record and beneficial owner of the Loans (as well as any Notes evidencing such
Loans) in respect of which it is providing this certificate. 

  

	 	2.	 The Foreign Lender is not a “bank” for purposes of Section 881(c)(3)(A) of the Code.

  

	 	3.	 The Foreign Lender is not a 10-percent shareholder of the Borrower within the meaning of
Section 871(h)(3)(B) of the Code. 

  

	 	4.	 The Foreign Lender is not a controlled foreign corporation within the meaning of Section 881(c)(3)(C) of
the Code related to the Borrower within the meaning of Section 864(d) of the Code. 

 [Signature Page Follows]

  
 O-1-1 

 IN WITNESS WHEREOF, the undersigned has duly executed this certificate on the
     day of                     , 20    . 

 

			
	[NAME OF FOREIGN LENDER]
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 O-1-2 

 EXHIBIT O-2 

FORM OF NON-BANK CERTIFICATE 

(For Foreign Lenders That Are Not Partnerships or Pass-Thru Entities For U.S. Federal 

Income Tax Purposes) 

Reference is made to that certain Amended and Restated Credit Agreement, dated as of February 3, 2017 (as the same may be amended,
restated, extended, supplemented or otherwise modified from time to time, the “Credit Agreement”), by and among others, BJ’s Wholesale Club, Inc., a Delaware corporation (the “Borrower”), Beacon Holding Inc., a
Delaware corporation, Wells Fargo Bank, National Association, as Administrative Agent under the Loan Documents, and each Lender from time to time party thereto. Capitalized terms used but not otherwise defined herein shall have the meanings assigned
to them in the Credit Agreement. 

                       
                  (the “Foreign Lender”) is providing this certificate pursuant to Section 3.1(b) of the Credit Agreement. 

The Foreign Lender hereby represents and warrants that: 
  

	 	1.	 The Foreign Lender is the sole record and beneficial owner of the Loans (as well as any Notes evidencing such
Loans) in respect of which it is providing this certificate. 

  

	 	2.	 The Foreign Lender is not a “bank” for purposes of Section 881(c)(3)(A) of the Code.

  

	 	3.	 The Foreign Lender is not a 10-percent shareholder of the Borrower within the meaning of
Section 871(h)(3)(B) of the Code. 

  

	 	4.	 The Foreign Lender is not a controlled foreign corporation within the meaning of Section 881(c)(3)(C) of
the Code related to the Borrower within the meaning of Section 864(d) of the Code. 

 [Signature Page Follows]

  
 O-2-1 

 IN WITNESS WHEREOF, the undersigned has duly executed this certificate on
the         day of                     , 20    . 

 

			
	[NAME OF FOREIGN LENDER]

 
			
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 O-2-2 

 EXHIBIT O-3 

FORM OF NON-BANK CERTIFICATE 

(For Foreign Participants That Are Not Partnerships or Pass-Thru Entities For U.S. 

Federal Income Tax Purposes) 

Reference is made to that certain Amended and Restated Credit Agreement, dated as of February 3, 2017 (as the same may be amended,
restated, extended, supplemented or otherwise modified from time to time, the “Credit Agreement”), by and among others, BJ’s Wholesale Club, Inc., a Delaware corporation (the “Borrower”), Beacon Holding Inc., a
Delaware corporation, Wells Fargo Bank, National Association, as Administrative Agent under the Loan Documents, and each Lender from time to time party thereto. Capitalized terms used but not otherwise defined herein shall have the meanings assigned
to them in the Credit Agreement. 

                       
                  (the “Foreign Participant”) is providing this certificate pursuant to Sections 3.1(b) and 12.2(d) of the Credit Agreement.

 The Foreign Participant hereby represents and warrants that: 
  

	 	1.	 The Foreign Participant is the sole record and beneficial owner of the participation in respect of which it is
providing this certificate. 

  

	 	2.	 The Foreign Participant is not a “bank” for purposes of Section 881(c)(3)(A) of the Code.

  

	 	3.	 The Foreign Participant is not a 10-percent shareholder of the Borrower within the meaning of
Section 871(h)(3)(B) of the Code. 

  

	 	4.	 The Foreign Participant is not a controlled foreign corporation within the meaning of Section 881(c)(3)(C)
of the Code related to the Borrower within the meaning of Section 864(d) of the Code. 

 [Signature Page
Follows] 

  
 O-3-1 

 IN WITNESS WHEREOF, the undersigned has duly executed this certificate on the
         day of                     , 20    . 

 

			
	[NAME OF FOREIGN PARTICIPANT]

 
			
		
	By:	 	 
	Name:	 	
	Title:	 	

  
 O-3-2 

 EXHIBIT O-4 

FORM OF NON-BANK CERTIFICATE 

(For Foreign Participants That Are Partnerships or Pass-Thru Entities For U.S. Federal 

Income Tax Purposes) 

Reference is made to that certain Amended and Restated Credit Agreement, dated as of February 3, 2017 (as the same may be amended,
restated, extended, supplemented or otherwise modified from time to time, the “Credit Agreement”), by and among others, BJ’s Wholesale Club, Inc., a Delaware corporation (the “Borrower”), Beacon Holding Inc., a
Delaware corporation, Wells Fargo Bank, National Association, as Administrative Agent under the Loan Documents, and each Lender from time to time party thereto. Capitalized terms used but not otherwise defined herein shall have the meanings assigned
to them in the Credit Agreement. 

                    
                     (the “Foreign Participant”) is providing this certificate pursuant to Sections 3.1(b) and 12.2(d) of the
Credit Agreement. 
 The Foreign Participant hereby represents and warrants that: 

 

	 	1.	 The Foreign Participant is the sole record owner of the participation in respect of which it is providing this
certificate. 

  

	 	2.	 The Foreign Participant’s partners/members are the sole beneficial owners of the participation.

  

	 	3.	 Neither the Foreign Participant nor any of its partners/members is a “bank” for purposes of
Section 881(c)(3)(A) of the Code. 

  

	 	4.	 None of the Foreign Participant’s partners/members is a 10-percent shareholder of the Borrower within the
meaning of Section 871(h)(3)(B) of the Code. 

  

	 	5.	 None of the Foreign Participant’s partners/members is a controlled foreign corporation within the meaning
of Section 881(c)(3)(C) of the Code related to the Borrower within the meaning of Section 864(d) of the Code. 

[Signature Page Follows] 

  
 O-4-1 

 IN WITNESS WHEREOF, the undersigned has duly executed this certificate on the
     day of             , 20    . 

 

			
	[NAME OF FOREIGN PARTICIPANT]

 
			
		
	By:	 	  

 
			
	Name:	 	
	Title:	 	

  
 O-4-2 

 EXHIBIT P 

FORM OF COMPLIANCE CERTIFICATE 

[            , 20    ] 

Reference is made to the Amended and Restated Credit Agreement, dated as of February 3, 2017 (as the same may be amended, restated, extended,
supplemented or otherwise modified from time to time, the “Credit Agreement”), by and among others, BJ’s Wholesale Club, Inc., a Delaware corporation (the “Borrower”), Beacon Holding Inc., a Delaware
corporation (“Holdings”), Wells Fargo Bank, National Association, as administrative agent (in such capacity, including any successor thereto, the “Administrative Agent”) under the Loan Documents, and each Lender
from time to time party thereto (capitalized terms used herein have the meanings attributed thereto in the Credit Agreement unless otherwise defined herein). Pursuant to Section 7.2(a) of the Credit Agreement, the undersigned, solely in his/her
capacity as a Responsible Officer of the Borrower, certifies as follows: 
 1. [Attached hereto as Exhibit A is a consolidated
balance sheet of the Borrower and its Subsidiaries as at the end of the Fiscal Year ended [                 , 20    ], and the
related consolidated statements of income or operations, stockholders’ equity and cash flows for such Fiscal Year together with related notes thereto and management’s discussion and analysis describing results of operations, setting forth
in each case in comparative form the figures for the previous Fiscal Year, all in reasonable detail and prepared in accordance with GAAP, audited and accompanied by a report and opinion of PricewaterhouseCoopers LLP, which report and opinion have
been prepared in accordance with generally accepted auditing standards and are not subject to any “going concern” or like qualification or exception or any qualification or exception as to the scope of such audit. Also attached hereto as
Exhibit A are the related consolidating financial statements reflecting the adjustments necessary to eliminate the accounts of Unrestricted Subsidiaries (if any) from such consolidated financial statements.]1 
 2. [Attached hereto as Exhibit A is a condensed consolidated balance sheet of
the Borrower and its Subsidiaries as at the end of the Fiscal Quarter ended [                 , 20    ], and the related
(i) condensed consolidated statements of income or operations for such Fiscal Quarter and for the portion of the Fiscal Year then ended and (ii) condensed consolidated statements of cash flows for the portion of the Fiscal Year then ended,
setting forth in each case in comparative form the figures for the corresponding Fiscal Quarter of the previous Fiscal Year and the corresponding portion of the previous Fiscal Year, all in reasonable detail (collectively, the “Financial
Statements”), together with management’s discussion and analysis describing results of operations. Such Financial Statements fairly present in all material respects the financial condition, results of operations and cash flows of the
Borrower and its Subsidiaries in accordance with GAAP, subject to normal year-end adjustments and the absence of footnotes. Also attached hereto as Exhibit A are the related consolidating financial statements reflecting the 

 

	1 	 To be included if accompanying annual financial statements only. 

  
 P-1 

 
adjustments necessary to eliminate the accounts of Unrestricted Subsidiaries (if any) from such consolidated financial statements.]2 

3. [Attached hereto as Exhibit B are the Projections required to be delivered pursuant to Section 7.1(d) of the Credit Agreement.
Such Projections have been prepared in good faith on the basis of the assumptions stated therein, which assumptions were believed to be reasonable at the time of preparation of such Projections. Actual results may vary from such Projections and such
variations may be material.]3 
 4. [To my knowledge, except as otherwise disclosed to
the Administrative Agent pursuant to the Credit Agreement, no Default has occurred and is continuing.] [If unable to provide the foregoing certification, attach an Annex A specifying the details of the Default that has occurred and is
continuing and any action taken or proposed to be taken with respect thereto.] 
 5. [Attached hereto as Schedule 1 is a reasonably
detailed calculation of the Fixed Charge Coverage Ratio of the Borrower and its Restricted Subsidiaries as of the end of the most recent Test Period, which calculation is true and accurate on and as of the date of this Certificate.] 

6. [Attached hereto as Schedule 2 are reasonably detailed calculations, which calculations are true and accurate on and as of the date
of this Certificate, of the Net Cash Proceeds received during the applicable period ended [                 , 20    ] by or on
behalf of, Holdings, the Borrower or any of its Restricted Subsidiaries in respect of any Disposition subject to prepayment pursuant to Section 2.9(b) of the Credit Agreement.] 

7. [Attached hereto is the information required to be delivered pursuant to Section 7.2(d) of the Credit Agreement.] 

[REMAINDER OF THE PAGE INTENTIONALLY LEFT BLANK] 

 

	2 	 To be included if accompanying quarterly financial statements only. 

	3 	 To be included only in annual compliance certificate (beginning with the fiscal year ending January 28, 2017).

  
 P-2 

 IN WITNESS WHEREOF, the undersigned, solely in his/her capacity as a Responsible Officer of
BJ’s Wholesale Club, Inc., and not in his or her personal or individual capacity and without personal or individual liability, has executed this certificate for and on behalf of BJ’s Wholesale Club, Inc. and has caused this certificate to
be delivered as of the date first set forth above. 
  

			
	BJ’S WHOLESALE CLUB, INC.

 
			
		
	By:	 	  

 
			
	Name:	 	
	Title:	 	

  
 P-3 

 FINANCIAL COVENANTS SUMMARY 

 

	A.	 FIXED CHARGE COVERAGE RATIO 

Test Period covered by the calculations below: [            
    , 20    ] to [                 , 20    ]. 

 

			
	 Consolidated EBITDA: See item A(1)(d) of Schedule I attached hereto:
	 	$            
		
	 Capital Expenditures: See item A(2)(a)(iii) of Schedule I attached hereto:
	 	$            
		
	 Cash Taxes: See item A(2)(b) of Schedule I attached hereto:
	 	$            
		
	 Fixed Charges See item A(3)(c) of Schedule I attached hereto
	 	$            
		
	Fixed Charge Coverage Ratio: (Consolidated EBITDA minus Capital Expenditures minus Cash Taxes) divided by (Fixed Charges) for the test period (See Fixed Coverage Ratio on Schedule I attached
hereto):	 	        :1:00

  

	B.	 NET CASH PROCEEDS 

With respect to any Disposition subject to prepayment pursuant to Section 2.9(b) of the Credit Agreement during the applicable period ended
[                 , 20    ]: 
  

					
	Net Cash Proceeds: See item B(III) on Schedule 2 attached hereto:	 	$	             	 

  
 P-4 

 SCHEDULE 1 

TO COMPLIANCE CERTIFICATE 
 Test Period covered by
the calculations below: [                 , 20    ] to
[                 , 20    ]. 

Fixed Charge Coverage Ratio for the Test Period is :         : 1:00. 

 

	A.	 Fixed Charge Coverage Ratio 

 

	1)	 Consolidated EBITDA 

Consolidated Net Income: 
  

					
	(i).	  	the net income (loss) of the Borrower and its Restricted Subsidiaries for such period on a consolidated basis and otherwise determined in accordance with GAAP, excluding, without duplication:	 	$            

 

					
	a.	  	any net after-tax extraordinary, non-recurring or unusual gains or losses (less all fees and expenses relating thereto) or expenses, and Transaction
Expenses, relocation costs, integration costs, facility consolidation and closing costs (other than with respect to Stores), severance costs and expenses and one-time compensation charges; provided that the
aggregate amount of cash losses excluded pursuant to this item (A)(1)(a)(i)(a) for any Test Period shall not exceed the greater of (x) $25,000,000 and (y) 6.50% of Consolidated EBITDA for such Test Period (calculated prior to giving effect to any
adjustment pursuant to this item (A)(1)(a)(i)(a)); provided further that Net Income for such period shall be reduced by an amount equal to the amount by which (if any) (i) the aggregate amount of cash losses incurred during such Test Period on
account of any non-cash loss which was excluded from the calculation of Consolidated Net Income in any prior period pursuant to this item (A)(1)(a)(i)(a) plus (ii) the aggregate amount of cash losses
excluded from the calculation of Consolidated Net Income pursuant to the first proviso of this item (A)(1)(a)(i)(a) during such Test Period, exceeds the greater of (x) $25,000,000 and (y) 6.50% of Consolidated EBITDA for such Test Period (calculated
prior to giving effect to any adjustment pursuant to this item (A)(1)(a)(i)(a))	 	$            
			
	b.	  	the cumulative effect of a change in accounting principles during such period, whether effected through a cumulative effect adjustment or a retroactive application in each case in accordance with GAAP	 	$            
			
	c.	  	effects of adjustments (including the effect of such adjustments pushed down to the Borrower and the Restricted Subsidiaries) in the Borrower’s Consolidated financial statements pursuant to GAAP (including in the inventory,
property and	 	

  
 P-5 

					
		  	equipment, software, goodwill, intangible assets, in-process research and development, deferred revenue and debt line items thereof) resulting from the application of recapitalization
accounting or purchase accounting, as the case may be, in relation to any consummated acquisition or the amortization or write-off of any amounts thereof, net of taxes	 	$            
			
	d.	  	any net after-tax income (loss) from disposed or discontinued operations and any net after-tax gains or losses on disposal of disposed or
discontinued operations; provided that the aggregate amount of cash losses excluded pursuant to this item (A)(1)(a)(i)(d) for any Test Period shall not exceed the greater of (x) $25,000,000 and (y) 6.50% of Consolidated EBITDA for such Test Period
(calculated prior to giving effect to any adjustment pursuant to this item (A)(1)(a)(i)(d)); provided further that Net Income for such period shall be reduced by an amount equal to the amount by which (if any) (i) the aggregate amount of cash
losses incurred during such Test Period on account of any non-cash loss which was excluded from the calculation of Consolidated Net Income in any prior period pursuant to this item (A)(1)(a)(i)(d) plus
(ii) the aggregate amount of cash losses excluded from the calculation of Consolidated Net Income pursuant to the first proviso of this item (A)(1)(a)(i)(d) during such Test Period, exceeds the greater of (x) $25,000,000 and (y) 6.50% of
Consolidated EBITDA for such Test Period (calculated prior to giving effect to any adjustment pursuant to this item (A)(1)(a)(i)(d))	 	$            
			
	e.	  	any net after-tax gains or losses (less all fees and expenses relating thereto) attributable to asset dispositions or the sale or other disposition of any Equity Interests of the Borrower
and its Restricted Subsidiaries other than in the ordinary course of business, as determined in good faith by the Borrower	 	$            
			
	f.	  	the Net Income for such period of any Person that is not a Subsidiary, or is an Unrestricted Subsidiary, or that is accounted for by the equity method of accounting, provided that Consolidated Net Income of the Borrower and its
Restricted Subsidiaries shall be increased by the amount of dividends or distributions or other payments that are actually paid in cash (or to the extent converted into cash) by the referent Person to the Borrower or a Restricted Subsidiary thereof
in respect of such period	 	$            
			
	g.	  	(i) any net unrealized gain or loss (after any offset) resulting in such period from obligations in respect of Swap Contracts and the application of Financial Accounting Standards Board Accounting Standards Codification 815
(Derivatives and Hedging), (ii) any net gain or loss resulting in such period from currency translation gains or losses related to currency remeasurements of Indebtedness (including the net loss or gain (A) resulting from Swap Contracts	 	

  
 P-6 

					
		  	for currency exchange risk and (B) resulting from intercompany Indebtedness) and all other foreign currency translation gains or losses to the extent such gain or losses are non-cash
items, and (iii) any net after-tax income (loss) for such period attributable to the early extinguishment or conversion of (A) Indebtedness, (B) obligations under any Swap Contracts or (C) other
derivative instruments	 	$            
			
	h.	  	any impairment charge or asset write-off, including impairment charges or asset write-offs or write-downs related to intangible assets, long-lived assets, investments in debt and equity
securities or as a result of a change in law or regulation, in each case pursuant to GAAP, and the amortization of intangibles arising pursuant to GAAP	 	$            
			
	i.	  	any expenses, charges or losses that are covered by indemnification or other reimbursement provisions in connection with any Investment, Permitted Acquisition or any sale, conveyance, transfer or other disposition of assets
permitted under the Credit Agreement, to the extent actually reimbursed, or, so long as the Borrower has made a determination that a reasonable basis exists for indemnification or reimbursement and only to the extent that such amount is in fact
indemnified or reimbursed within 365 days of such determination (with a deduction in the applicable future period for any amount so added back to the extent not so indemnified or reimbursed within such 365 days)	 	$            
			
	j.	  	to the extent covered by insurance and actually reimbursed, or, so long as the Borrower has made a determination that there exists reasonable evidence that such amount will in fact be reimbursed within 365 days of the date of
such determination (with a deduction in the applicable future period for any amount so added back to the extent not so reimbursed within such 365 days), expenses, charges or losses with respect to liability or casualty events or business
interruption	 	$            
			
	k.	  	any non-cash (for such period and all other periods) compensation charge or expense, including any such charge or expense arising from the grants of stock appreciation or similar rights,
stock options, restricted stock or other rights or equity incentive programs shall be excluded	 	$            

  

					
	Consolidated Net Income (item (A)(1)(a)(i) minus the sum of items (A)(1)(a)(i)(a) through (k))	 	$            
		
	 b)    increased by (without duplication, and as determined in accordance with GAAP to
the extent applicable):
	 	

  
 P-7 

 
					
	(i).	  	provision for taxes based on income or profits or capital, plus franchise or similar taxes and foreign withholding taxes, of the Borrower and its Restricted Subsidiaries for such period deducted in computing Consolidated Net
Income	 	$            
			
	(ii).	  	(A) total interest expense of the Borrower and its Restricted Subsidiaries for such period and (B) bank fees and costs of surety bonds, in each case under this clause (B), in connection with financing activities and, in each
case under clauses (A) and (B), to the extent the same was deducted in computing Consolidated Net Income	 	$            
			
	(iii).	  	Consolidated Depreciation and Amortization Expense of the Borrower and its Restricted Subsidiaries for such period to the extent such depreciation and amortization were deducted in computing Consolidated Net Income	 	$            
			
	(iv).	  	any expenses or charges related to any issuance of Equity Interests, Investment, acquisition, disposition, recapitalization or the incurrence or repayment of Indebtedness permitted to be incurred under the Credit Agreement
including a refinancing thereof (whether or not successful) and any amendment or modification to the terms of any such transactions, in each case, deducted in computing Consolidated Net Income	 	$            
			
	(v).	  	the amount of any restructuring charge or reserve deducted in such period in computing Consolidated Net Income, including any one-time costs incurred in connection with (A) Permitted
Acquisitions after the Effective Date or (B) the closing of any Stores or distribution centers after the Effective Date; provided that the aggregate amount of cash charges added pursuant to this item (A)(1)(b)(vi) for any Test Period shall not
exceed the greater of (x) $25,000,000 and (y) 6.50% of Consolidated EBITDA for such Test Period (calculated prior to giving effect to any adjustment pursuant to this item (A)(1)(b)(vi))	 	$            
			
	(vi).	  	the amount of costs relating to pre-opening and opening costs for Stores, signing, retention and completion bonuses, costs incurred in connection with any strategic initiatives, transition
costs, consolidation and closing costs for Stores and costs incurred in connection with non-recurring product and intellectual property development after the Effective Date, other business optimization
expenses (including costs and expenses relating to business optimization programs), and new systems design and implementation costs and project start-up costs; provided that the aggregate amount of all
foregoing cash items added pursuant to this item (A)(1)(b)(vi) for any Test Period shall not exceed the greater of (x) $25,000,000 and (y) 6.50% of Consolidated EBITDA for such Test Period (calculated prior to giving effect to any adjustment
pursuant to this item (A)(1)(b)(vi))	 	$            

  
 P-8 

					
	(vii).	  	any other non-cash charges including any write offs or write downs reducing Consolidated Net Income for such period (provided that if any such
non-cash charges represent an accrual or reserve for potential cash items in any future period, (1) the Borrower may determine not to add back such non-cash charge
in the current period and (2) to the extent the Borrower does decide to add back such non-cash charge, the cash payment in respect thereof in such future period shall be subtracted from Consolidated
EBITDA to such extent, and excluding amortization of a prepaid cash item that was paid in a prior period)	 	$            
			
	(viii).	  	the amount of any minority interest expense deducted in calculating Consolidated Net Income	 	$            
			
	(ix).	  	the amount of management, monitoring, consulting and advisory fees (including termination fees) and related indemnities and expenses paid or accrued in such period under the Sponsor Management Agreement or otherwise to the
Sponsors to the extent permitted under Section 9.8 of the Credit Agreement and deducted in such period in computing Consolidated Net Income	 	$            
			
	(x).	  	the amount of net cost savings and synergies (other than any of the foregoing related to Specified Transactions) projected by the Borrower in good faith to result from actions taken, committed to be taken or reasonably expected
to be taken no later than twelve (12) months after the end of such period (calculated on a pro forma basis as though such cost savings and synergies had been realized on the first day of the period for which Consolidated EBITDA is being
determined), net of the amount of actual benefits realized during such period from such actions; provided that (A) such cost savings and synergies are reasonably identifiable and factually supportable, and (B) the aggregate amount of cost
savings and synergies added pursuant to this item (A)(1)(b)(x) for any Test Period shall not exceed, after the Effective Date, the greater of (x) $25,000,000 and (y) 6.50% of Consolidated EBITDA for such Test Period (calculated prior to giving
effect to any adjustment pursuant to this item (A)(1)(b)(x))	 	$            
			
	(xi).	  	cash receipts (or any netting arrangements resulting in reduced cash expenditures) not representing Consolidated EBITDA or Consolidated Net Income in any period to the extent non-cash gains
relating to such income were deducted in the calculation of Consolidated EBITDA pursuant to item (A)(1)(c) below for any previous period and not added back	 	$            
			
	(xii).	  	any costs or expenses incurred by the Borrower or a Restricted Subsidiary pursuant to any management equity plan or stock option plan or any other management or employee benefit plan or agreement or any stock subscription or
stockholders agreement, to the extent that such costs or expenses are funded with	 	

  
 P-9 

					
		  	cash proceeds contributed to the capital of the Borrower or net cash proceeds of issuance of Equity Interests of the Borrower (other than Disqualified Equity Interests)	 	$            
			
	(xiii).	  	any fees, premiums, expenses or charges incurred or paid in connection with the Credit Agreement and the Transactions (including the Restatement Effective Date Dividend), in each case, deducted in computing Consolidated Net
Income	 	$            

 

					
	c)	  	decreased by (without duplication, and as determined in accordance with GAAP to the extent applicable):	  	

  

					
			
	(i).	  	any non-cash gains increasing Consolidated Net Income of the Borrower and its Restricted Subsidiaries for such period, excluding any gains that represent the reversal of any accrual of, or
cash reserve for, anticipated cash charges in any prior period (other than such cash charges that have been added back to Consolidated Net Income in calculating Consolidated EBITDA in accordance with the calculation set forth in this Schedule
1)	 	$            
			
	(ii).	  	any non-cash gains with respect to cash actually received in a prior period unless such cash did not increase Consolidated EBITDA in such prior period	 	$            
			
	(iii).	  	the amount of cash payments made during such Test Period on account of any non-cash charge which was added back to the calculation of Consolidated EBITDA in any prior period pursuant to
item (A)(1)(b)(v) above solely to the extent that (A) the aggregate amount of such cash payments during such Test Period plus (B) the aggregate amount of cash charges added back pursuant to item (A)(1)(b)(v) above during such Test Period
exceeds the greater of (x) $25,000,000 and (y) 6.50% of Consolidated EBITDA for such Test Period (calculated prior to giving effect to any adjustment pursuant to this item (A)(1)(c)(iii))	 	$            

 

					
			
	d)	  	Consolidated EBITDA (Consolidated Net Income plus the sum of items (A)(1)(b)(i) through (xii) minus the sum of items (A)(1)(c)(i) through (iii)) $	  	

  

	2)	 Capital Expenditures 

 

					
			
	a)	  	(i). all amounts that would be reflected as additions to property, plant or equipment on a Consolidated statement of cash flows of the Borrower and its Restricted Subsidiaries in accordance with GAAP	 	$            

 

					
			
	(ii).	  	the value of all assets under Capitalized Leases incurred by the Borrower and its Restricted Subsidiaries during such period	 	$            

 provided that Capital Expenditures shall not include (i) expenditures made in connection with the
replacement, substitution, restoration or repair of assets to the extent financed with (x) insurance 

  
 P-10 

 
proceeds paid on account of the loss of or damage to the assets being replaced, substituted, restored or repaired or (y) awards of compensation arising from the taking by eminent domain or
condemnation of the assets being replaced, (ii) the purchase price of equipment that is purchased simultaneously with the trade-in of existing equipment to the extent that the gross amount of such purchase price is reduced by the credit granted
by the seller of such equipment for the equipment being traded in at such time, (iii) the purchase of plant, property or equipment or software to the extent financed with the proceeds of Dispositions that are not required to be applied to
prepay the Loans pursuant to Section 2.9(b) of the Credit Agreement or the loans under the First Lien Term Facility or the Second Lien Term Facility, (iv) expenditures that are accounted for as capital expenditures by the Borrower or any
Restricted Subsidiary and that actually are paid for, or reimbursed to the Borrower or any Restricted Subsidiary in cash or Cash Equivalents, by a Person other than the Borrower or any Restricted Subsidiary and for which neither the Borrower nor any
Restricted Subsidiary has provided or is required to provide or incur, directly or indirectly, any consideration or obligation (other than rent) in respect of such expenditures to such Person or any other Person (whether before, during or after such
period), (v) expenditures to the extent constituting any portion of a Permitted Acquisition, (vi) the purchase price of equipment purchased during such period to the extent the consideration therefor consists of any combination of (A) used
or surplus equipment traded in at the time of such purchase and (B) the proceeds of a concurrent sale of used or surplus equipment, in each case, in the ordinary course of business, (vii) expenditures relating to the construction,
acquisition, replacement, reconstruction, development, refurbishment, renovation or improvement of any property which has been transferred to a Person other than the Borrower or a Restricted Subsidiary during the same Fiscal Year in which such
expenditures were made pursuant to a sale-leaseback transaction to the extent of the cash proceeds received by the Borrower or such Restricted Subsidiary pursuant to such sale-leaseback transaction or (viii) expenditures financed with the
proceeds of an issuance of Equity Interests of the Borrower or a capital contribution to the Borrower or Indebtedness permitted to be incurred under the Credit Agreement 

Capital Expenditures 
  

	 	(iii).	 the sum of items (A)(2)(a)(i) and (ii) 

$              

 

					
		  	 Cash Taxes
	 	$            
			
	 c)
	  	 item (A)(1)(d) minus item (A)(2)(a)(iii) minus item (A)(2)(b)
	 	$            

  

	 	3)	 Fixed Charges 

with respect to the Borrower and Restricted Subsidiaries for any Test Period, the sum, determined on a Consolidated basis, of: 

  
 P-11 

	 	a)	 Consolidated Net Cash Interest Expense 

 

							
		 	(i).	  	with respect to the Borrower and its Restricted Subsidiaries on a Consolidated basis for any period, determined in accordance with GAAP, total interest expense paid or payable in cash in such period (including that attributable
to obligations with respect to Capitalized Leases in accordance with GAAP in effect on the Effective Date but excluding any imputed interest as a result of purchase accounting) of the Borrower and its Restricted Subsidiaries on a Consolidated basis
and all commissions, discounts and other fees and charges owed with respect to Indebtedness of the Borrower and its Restricted Subsidiaries	 	$            
		 		  	provided that Consolidated Net Cash Interest Expense shall not include (i) any non-cash interest or deferred financing costs, (ii) any amortization or write-down of
deferred financing fees, debt issuance costs, discounted liabilities, commissions, fees and expenses, (iii) any expensing of bridge, commitment and other financing fees and (iv) penalties and interest related to taxes	 	
		 	(ii).	  	interest income of the Borrower and its Restricted Subsidiaries actually received in cash during such period after giving effect to any net payments made or received by the Borrower and its Restricted Subsidiaries with respect to
interest rate Swap Contracts.	 	$            

Consolidated Net Cash Interest Expense 
  

							
		 	(iii).	  	item (A)(3)(a)(i) minus item (A)(3)(a)(ii)	 	$            

 

					
	b)	    	Scheduled payments of principal on Indebtedness for borrowed money of the Borrower and Restricted Subsidiaries due and payable during such period	 	$            

Fixed Charges 
  

					
	c)	  	the sum of item (A)(3)(a)(iii) and item (A)(3)(b)	 	$            

Fixed Charge Coverage Ratio 
  

					
		  	 item (2)(c) divided by item (3)(c)
	 	            
		  		 	1.00

  
 P-12 

 SCHEDULE 2 

TO COMPLIANCE CERTIFICATE 
  

	B.	 Net Cash Proceeds 

With respect to any Disposition subject to prepayment pursuant to Section 2.9(b) of the Credit Agreement during the applicable period ended
[                  , 20    ]: 

 

					
	I.	  	The sum of cash and Cash Equivalents received in connection with such Dispositions (including any cash and Cash Equivalents received by way of deferred payment pursuant to, or by monetization of, a note receivable or otherwise,
but only as and when so received)	 	$            
	II.	  	The sum of:	 	

  

					
	a.	  	the principal amount, premium or penalty, if any, interest and other amounts on any Indebtedness that is secured by the asset subject to such Dispositions and that is required to be repaid in connection with such Dispositions
(other than Indebtedness under the Loan Documents, the First Lien Term Facility Documentation or any Permitted Refinancing of the Indebtedness under the First Lien Term Facility Documentation or the Second Lien Term Facility Documentation or any
Permitted Refinancing of the Indebtedness under the Second Lien Term Facility Documentation)	 	$            
			
	b.	  	the out-of-pocket fees and expenses (including attorneys’ fees, investment banking fees, survey costs, title insurance premiums, and related search and recording charges, transfer taxes, deed or mortgage recording taxes,
other customary expenses and brokerage, consultant and other customary fees) actually incurred by the Borrower or such Restricted Subsidiary in connection with such Dispositions	 	$            
			
	c.	  	taxes or distributions made pursuant to Section 9.6(g)(i) and (g)(iii) of the Credit Agreement paid or reasonably estimated to be payable in connection therewith (including taxes imposed on the distribution or repatriation
of any such Net Cash Proceeds)	 	$            
			
	d.	  	in the case of any Disposition by a non-wholly owned Restricted Subsidiary, the pro rata portion of the Net Cash Proceeds thereof (calculated without regard to this clause (d)) attributable to minority interests and not available
for distribution to or for the account of the Borrower or a wholly owned Restricted Subsidiary as a result thereof	 	$            

  
 R-13 

					
			
	e.	  	any reserve for adjustment in respect of (x) the sale price of such asset or assets established in accordance with GAAP and (y) any liabilities associated with such asset or assets and retained by the Borrower or any
Restricted Subsidiary after such sale or other disposition thereof, including pension and other post-employment benefit liabilities and liabilities related to environmental matters or against any indemnification obligations associated with such
transaction, it being understood that “Net Cash Proceeds” shall include the amount of any reversal (without the satisfaction of any applicable liabilities in cash in a corresponding amount) of any reserve described in this clause (e)	 	$            

 

					
	III.	  	 Net Cash item (B)(I) minus the sum of items (B)(II)(a) 

Proceeds: through (e)
	 	$            

  
 P-14EX-10.2

 Exhibit 10.2 

EXECUTION VERSION 
  

 
  

$1,925,000,000 
 FIRST LIEN TERM
LOAN CREDIT AGREEMENT, 
 dated as of February 3, 2017 

among 
 BEACON HOLDING INC., 

as Holdings, 
 BJ’S WHOLESALE
CLUB, INC., 
 as the Borrower, 

THE LENDERS PARTY HERETO, 
 and

 NOMURA CORPORATE FUNDING AMERICAS, LLC, 

as Administrative Agent and Collateral Agent, 
  

 
 NOMURA
SECURITIES INTERNATIONAL, INC. AND JEFFERIES FINANCE LLC, 
 as Joint Bookrunners and Joint Lead Arrangers 

 
  

 

 TABLE OF CONTENTS 

 

							
	 	  	 	  	Page	 
	ARTICLE I	  

	
	DEFINITIONS	  

			
	 SECTION 1.01.
	  	Defined Terms	  	 	1	 
	 SECTION 1.02.
	  	Terms Generally	  	 	51	 
	 SECTION 1.03.
	  	Accounting Terms; GAAP	  	 	51	 
	 SECTION 1.04.
	  	Effectuation of Transfers	  	 	52	 
	 SECTION 1.05.
	  	Currencies	  	 	52	 
	 SECTION 1.06.
	  	Required Financial Statements	  	 	52	 
	 SECTION 1.07.
	  	Certain Calculations and Tests	  	 	52	 
	 SECTION 1.08.
	  	Cashless Rolls	  	 	53	 
	
	ARTICLE II	  

	
	THE CREDITS	  

			
	 SECTION 2.01.
	  	Term Loans and Borrowings	  	 	53	 
	 SECTION 2.02.
	  	Request for Borrowing	  	 	54	 
	 SECTION 2.03.
	  	Funding of Borrowings	  	 	54	 
	 SECTION 2.04.
	  	Interest Elections	  	 	54	 
	 SECTION 2.05.
	  	Promise to Pay; Evidence of Debt	  	 	56	 
	 SECTION 2.06.
	  	Repayment of Term Loans	  	 	56	 
	 SECTION 2.07.
	  	Optional Prepayment of Term Loans	  	 	57	 
	 SECTION 2.08.
	  	Mandatory Prepayment of Term Loans	  	 	57	 
	 SECTION 2.09.
	  	Fees	  	 	60	 
	 SECTION 2.10.
	  	Interest	  	 	60	 
	 SECTION 2.11.
	  	Alternate Rate of Interest	  	 	61	 
	 SECTION 2.12.
	  	Increased Costs	  	 	61	 
	 SECTION 2.13.
	  	Break Funding Payments	  	 	62	 
	 SECTION 2.14.
	  	Taxes	  	 	62	 
	 SECTION 2.15.
	  	Payments Generally; Pro Rata Treatment; Sharing of Set-offs	  	 	65	 
	 SECTION 2.16.
	  	Mitigation Obligations; Replacement of Lenders	  	 	66	 
	 SECTION 2.17.
	  	Illegality	  	 	67	 
	 SECTION 2.18.
	  	Incremental Facilities	  	 	67	 
	 SECTION 2.19.
	  	Other Term Loans	  	 	69	 
	 SECTION 2.20.
	  	Extensions of Term Loans	  	 	70	 
	 SECTION 2.21.
	  	Repricing Event	  	 	71	 
	
	ARTICLE III	  

	
	REPRESENTATIONS AND WARRANTIES	  

			
	 SECTION 3.01.
	  	Organization; Powers	  	 	71	 
	 SECTION 3.02.
	  	Authorization	  	 	71	 
	 SECTION 3.03.
	  	Enforceability	  	 	72	 
	 SECTION 3.04.
	  	Governmental Approvals	  	 	72	 
	 SECTION 3.05.
	  	Title to Properties; Possession Under Leases	  	 	73	 
	 SECTION 3.06.
	  	Subsidiaries	  	 	73	 
	 SECTION 3.07.
	  	Litigation; Compliance with Laws	  	 	73	 
	 SECTION 3.08.
	  	Federal Reserve Regulations	  	 	74	 
	 SECTION 3.09.
	  	Investment Company Act	  	 	74	 

  
 -i- 

							
	 	 	 	  	Page	 
	 SECTION 3.10.
	 	Use of Proceeds	  	 	74	 
	 SECTION 3.11.
	 	Tax Returns	  	 	74	 
	 SECTION 3.12.
	 	No Material Misstatements	  	 	74	 
	 SECTION 3.13.
	 	Environmental Matters	  	 	75	 
	 SECTION 3.14.
	 	Security Documents	  	 	75	 
	 SECTION 3.15.
	 	Location of Real Property and Leased Premises	  	 	76	 
	 SECTION 3.16.
	 	Solvency	  	 	76	 
	 SECTION 3.17.
	 	No Material Adverse Effect	  	 	76	 
	 SECTION 3.18.
	 	Insurance	  	 	76	 
	 SECTION 3.19.
	 	USA PATRIOT Act; FCPA; OFAC; Anti-Terrorism	  	 	76	 
	 SECTION 3.20.
	 	Intellectual Property; Licenses, Etc.	  	 	77	 
	 SECTION 3.21.
	 	Employee Benefit Plans	  	 	77	 
	
	ARTICLE IV	  

	
	CONDITIONS OF LENDING	  

			
	 SECTION 4.01.
	 	Conditions Precedent	  	 	78	 
	
	ARTICLE V	  

	
	AFFIRMATIVE COVENANTS	  

			
	 SECTION 5.01.
	 	Existence; Businesses and Properties	  	 	80	 
	 SECTION 5.02.
	 	Insurance	  	 	80	 
	 SECTION 5.03.
	 	Taxes	  	 	81	 
	 SECTION 5.04.
	 	Financial Statements, Reports, etc.	  	 	81	 
	 SECTION 5.05.
	 	Litigation and Other Notices	  	 	83	 
	 SECTION 5.06.
	 	Compliance with Laws	  	 	83	 
	 SECTION 5.07.
	 	Maintaining Records; Access to Properties and Inspections	  	 	83	 
	 SECTION 5.08.
	 	Use of Proceeds	  	 	84	 
	 SECTION 5.09.
	 	Compliance with Environmental Laws	  	 	84	 
	 SECTION 5.10.
	 	Further Assurances; Additional Security	  	 	84	 
	 SECTION 5.11.
	 	Credit Ratings	  	 	87	 
	 SECTION 5.12.
	 	Preparation of Environmental Reports	  	 	87	 
	 SECTION 5.13.
	 	Post-Closing Matters	  	 	87	 
	
	ARTICLE VI	  

	
	NEGATIVE COVENANTS	  

			
	 SECTION 6.01.
	 	Indebtedness	  	 	87	 
	 SECTION 6.02.
	 	Liens	  	 	92	 
	 SECTION 6.03.
	 	[Reserved]	  	 	95	 
	 SECTION 6.04.
	 	Investments, Loans and Advances	  	 	95	 
	 SECTION 6.05.
	 	Mergers, Consolidations, Sales of Assets and Acquisitions	  	 	98	 
	 SECTION 6.06.
	 	Restricted Payments	  	 	101	 
	 SECTION 6.07.
	 	Transactions with Affiliates	  	 	103	 
	 SECTION 6.08.
	 	Business of the Borrower and its Subsidiaries	  	 	105	 
	 SECTION 6.09.
	 	Limitation on Payments and Modifications of Indebtedness; Modifications of Certain Other Agreements; etc.	  	 	106	 

  
 -ii- 

							
	 	 	 	  	Page	 
	
	ARTICLE VII	  

	
	HOLDINGS COVENANT	  

			
	 SECTION 7.01.
	 	Holdings Covenant	  	 	108	 
	
	ARTICLE VIII	  

	
	EVENTS OF DEFAULT	  

			
	 SECTION 8.01.
	 	Events of Default	  	 	109	 
	
	ARTICLE IX	  

	
	THE AGENTS	  

			
	 SECTION 9.01.
	 	Appointment	  	 	111	 
	 SECTION 9.02.
	 	Delegation of Duties	  	 	113	 
	 SECTION 9.03.
	 	Exculpatory Provisions	  	 	114	 
	 SECTION 9.04.
	 	Reliance by Administrative Agent	  	 	114	 
	 SECTION 9.05.
	 	Notice of Default	  	 	115	 
	 SECTION 9.06.
	 	Non-Reliance on Agents and Other Lenders	  	 	115	 
	 SECTION 9.07.
	 	Indemnification	  	 	115	 
	 SECTION 9.08.
	 	Agent in Its Individual Capacity	  	 	116	 
	 SECTION 9.09.
	 	Successor Agent	  	 	116	 
	 SECTION 9.10.
	 	Arrangers	  	 	116	 
	 SECTION 9.11.
	 	Secured Cash Management Agreements and Secured Hedge Agreements.	  	 	116	 
	
	ARTICLE X	  

	
	MISCELLANEOUS	  

			
	 SECTION 10.01.
	 	Notices; Communications	  	 	117	 
	 SECTION 10.02.
	 	Survival of Agreement	  	 	117	 
	 SECTION 10.03.
	 	Binding Effect	  	 	118	 
	 SECTION 10.04.
	 	Successors and Assigns	  	 	118	 
	 SECTION 10.05.
	 	Expenses; Indemnity	  	 	125	 
	 SECTION 10.06.
	 	Right of Set-off	  	 	127	 
	 SECTION 10.07.
	 	Applicable Law	  	 	127	 
	 SECTION 10.08.
	 	Waivers; Amendment	  	 	127	 
	 SECTION 10.09.
	 	Interest Rate Limitation	  	 	129	 
	 SECTION 10.10.
	 	Entire Agreement	  	 	129	 
	 SECTION 10.11.
	 	WAIVER OF JURY TRIAL	  	 	129	 
	 SECTION 10.12.
	 	Severability	  	 	129	 
	 SECTION 10.13.
	 	Counterparts	  	 	130	 
	 SECTION 10.14.
	 	Headings	  	 	130	 
	 SECTION 10.15.
	 	Jurisdiction; Consent to Service of Process	  	 	130	 
	 SECTION 10.16.
	 	Confidentiality	  	 	130	 
	 SECTION 10.17.
	 	Platform; Borrower Materials	  	 	131	 
	 SECTION 10.18.
	 	Release of Liens and Guarantees	  	 	132	 
	 SECTION 10.19.
	 	USA PATRIOT Act Notice	  	 	132	 
	 SECTION 10.20.
	 	Security Documents and Intercreditor Agreement	  	 	132	 
	 SECTION 10.21.
	 	No Advisory or Fiduciary Responsibility	  	 	133	 
	 SECTION 10.22.
	 	Cashless Settlement	  	 	133	 
	 SECTION 10.23.
	 	Acknowledgement and Consent to Bail-In of EEA Financial Institutions	  	 	133	 

  
 -iii- 

					
	 	 	 	  	 Page

  
 -iv- 

 Exhibits and Schedules 
  

			
	Exhibit A	 	Form of Assignment and Acceptance
	Exhibit B	 	Form of Solvency Certificate
	Exhibit C	 	Form of Borrowing Request
	Exhibit D	 	Form of Interest Election Request
	Exhibit E	 	Form of Non-Debt Fund Affiliate Assignment and Acceptance
	Exhibit F	 	U.S. Tax Compliance Certificate
	Exhibit G	 	Form of Term Note
	Exhibit H	 	Form of Notice of Prepayment
	Exhibit I	 	Form of First Lien Limited Recourse Guaranty
	Exhibit J	 	Form of Term Loan Security Agreement
	Exhibit K	 	Form of Term Loan Guaranty Agreement
		
	Schedule 1.01S	 	Specified Sale and Lease-Back Properties
	Schedule 2.01	 	Commitments
	Schedule 3.04	 	Governmental Approvals
	Schedule 3.05	 	Possession under Leases
	Schedule 3.06	 	Subsidiaries
	Schedule 3.11	 	Taxes
	Schedule 3.13	 	Environmental Matters
	Schedule 3.15(1)	 	Owned Material Real Property
	Schedule 3.15(2)	 	Leased Material Real Property
	Schedule 3.15(3)	 	Mortgaged Real Property
	Schedule 3.18	 	Insurance
	Schedule 3.20	 	Intellectual Property
	Schedule 5.13	 	Post-Closing Matters
	Schedule 6.01	 	Indebtedness
	Schedule 6.02	 	Liens
	Schedule 6.04	 	Investments
	Schedule 6.07	 	Transactions with Affiliates
	Schedule 10.01	 	Notice Information

  
 -v- 

 FIRST LIEN TERM LOAN CREDIT AGREEMENT, dated as of February 3, 2017 (as amended,
amended and restated, supplemented and/or otherwise modified from time to time, this “Agreement”), among BJ’s Wholesale Club, Inc., a Delaware corporation (the “Borrower”), Beacon Holding, Inc., a
Delaware corporation (“Holdings”), the Lenders party hereto from time to time and Nomura Corporate Funding Americas, LLC, as administrative agent (in such capacity, and as further defined in Section 1.01, the
“Administrative Agent”) and as collateral agent (in such capacity, and as further defined in Section 1.01, the “Collateral Agent”). 

RECITALS 
 (1) The Borrower is
party to that certain Credit Agreement (as the same may have been amended, restated, modified, supplemented, extended, renewed, refunded, replaced or refinanced from time to time in one or more agreements, the “Existing
First Lien Term Loan Agreement”), dated as of September 30, 2011, by and among, Holdings, the Borrower, Deutsche Bank AG New York Branch, as administrative agent (“DBNY”), and the lenders party thereto
under which it has previously borrowed senior secured term loans. 
 (2) On the Closing Date, the Borrower will obtain the ABL Credit
Agreement (as defined herein) providing commitments thereunder in an aggregate amount of $1,000.0 million, and incur ABL Loans (as defined herein) in an aggregate principal amount of $350.0 million or as otherwise available thereunder. 

(3) On the Closing Date, the Borrower will obtain the Tranche B Term Loans (as defined herein) in an aggregate principal amount of $1,925.0
million. 
 (4) On the Closing Date, the Borrower will obtain the Second Lien Term Loans (as defined herein) in an aggregate principal
amount of $625.0 million. 
 (5) On the Closing Date, the Borrower and Holdings will use a portion of the proceeds of the Tranche B Term
Loans and the Second Lien Term Loans to repay all indebtedness outstanding under the Existing First Lien Term Loan Agreement and the Existing Second Lien Credit Agreement (as defined herein) (as defined herein) (the
“Refinancing”). 
 (6) Within 20 days of the Closing Date, the Borrower and Holdings will make a distribution to the
equity holders of up to $803.0 million (the “Distribution”). 
 (7) All fees and expenses in connection with the
forgoing will be paid. 
 The transactions described above are collectively referred to herein as the
“Transactions.” 
 AGREEMENT 

In consideration of the mutual covenants and agreements herein contained, the parties hereto covenant and agree as follows: 

ARTICLE I 
 Definitions

 SECTION 1.01. Defined Terms. As used in this Agreement, the following terms have the meanings specified below: 

“ABL Claims” means claims of the ABL Secured Parties (as defined in the Intercreditor Agreement) in respect of ABL
Obligations (as defined in the Intercreditor Agreement). 
 “ABL Credit Agreement” means that certain amended and
restated credit agreement, dated as of the Closing Date, by and among the Borrower, the lenders party thereto, Wells Fargo Bank, National Association, as administrative agent, and the other parties thereto, as the same may be amended, restated,
modified, supplemented, 

  

 extended, renewed, refunded, replaced or refinanced from time to time in one or more agreements (in each
case with the same or new lenders, institutional investors or agents), including any agreement extending the maturity thereof or otherwise restructuring all or any portion of the Indebtedness thereunder or increasing the amount loaned or issued
thereunder or altering the maturity thereof, in each case as and to the extent permitted by the Intercreditor Agreement. 
 “ABL
Credit Facility” means the senior secured asset-based revolving loan facility and the term loan facilities made pursuant to the ABL Credit Agreement. 

“ABL Loan Documents” means the ABL Credit Agreement and the other “Loan Documents” as defined
in the ABL Credit Agreement, as each such document may be amended, restated, supplemented and/or otherwise modified. 
 “ABL
Loans” means the senior secured asset-based revolving loans and the term loan facilities made on and after the Closing Date from time to time pursuant to the ABL Credit Agreement. 

“ABL Obligations” means the “Obligations” as defined in the ABL Credit Agreement. 

“ABL Priority Collateral” means the “ABL Priority Collateral” as defined in the Intercreditor
Agreement. 
 “ABL Priority Collateral Asset Sale” means any Asset Sale to the extent, and only to the
extent, consisting of the disposition of ABL Priority Collateral. 
 “ABR” means, for any day, a fluctuating rate
per annum equal to the highest of: 
 (1) the Federal Funds Rate plus 1/2 of 1.00%; 

(2) the Prime Rate; and 

(3) the Adjusted LIBO Rate for a one month Interest Period commencing on such date (or, if such day is not a Business Day, the
preceding Business Day) plus 1.00%. 
 Any change in the ABR due to a change in the Federal Funds Rate, the “prime rate” or
the LIBO Rate will be effective on the effective date of such change in the Federal Funds Rate, the “prime rate” or the LIBO Rate, as the case may be. 

“ABR Borrowing” means a Borrowing comprised of ABR Loans. 

“ABR Loan” means any Term Loan bearing interest at a rate determined by reference to the ABR. 

“Additional Lender” means the banks, financial institutions and other institutional lenders and
investors (other than natural persons) that become Lenders in connection with an Incremental Term Loan or Other Term Loan; provided that no Disqualified Institution may be an Additional Lender. 

“Adjusted LIBO Rate” means, with respect to any Eurocurrency Borrowing for any Interest Period, an
interest rate per annum equal to the greater of (1) the LIBO Rate in effect for such Interest Period divided by one minus the Statutory Reserves applicable to such Eurocurrency Borrowing, if any, and (2) solely in respect of
Tranche B Term Loans, 1.00%. 
 “Administrative Agency Fee Letter” has the meaning assigned to such term in
Section 2.09(1). 
 “Administrative Agent” means Nomura Corporate Funding Americas, LLC, in its capacity as
administrative agent for itself and the Lenders hereunder, and any duly appointed successor in such capacity. 
 “Administrative
Agent Fees” has the meaning assigned to such term in Section 2.09(1). 

  
 -2- 

 “Administrative Questionnaire” means an Administrative Questionnaire
in a form supplied by the Administrative Agent. 
 “Affiliate” means, when used with respect to a specified Person,
another Person that directly, or indirectly through one or more intermediaries, Controls or is Controlled by or is under common Control with the Person specified. For purposes of this Agreement and the other Loan Documents, Jefferies LLC and its
Affiliates shall be deemed to be Affiliates of Jefferies Finance LLC and its Affiliates. 
 “Affiliated Lender”
means each Sponsor, the New Sponsor (from and after a Permitted Change of Control) and each of their respective Affiliates, other than (1) Holdings or any of its Subsidiaries (including the Borrower) and (2) any natural person. 

“Agents” means the Administrative Agent and the Collateral Agent, in their respective capacities as such. 

“Agreement” has the meaning assigned to such term in the introductory paragraph hereof. 

“Annual Financial Statements” has the meaning assigned to such term in Section 5.04(1). 

“Applicable Margin” means: 

(1) with respect to any Tranche B Term Loans made on the Closing Date, (i) until delivery of financial statements for the
first full fiscal quarter ending after the Closing Date pursuant to Section 5.04(2), (a) for ABR Loans, 2.75% and (b) for Eurocurrency Loans, 3.75%, and (ii) thereafter, the following percentages per annum, based upon the Senior
Secured First Lien Net Leverage Ratio as set forth in the most recent officer’s certificate received by the Administrative Agent pursuant to Section 5.04(3): 
  

											
	 Pricing

Level
	  	Senior Secured First
Lien Net Leverage
Ratio	  	For Eurocurrency
Loans	 	 	For ABR Loans	 
	 1
	  	>4.25:1.00	  	 	3.75	% 	 	 	2.75	% 
	 2
	  	<4.25:1.00	  	 	3.50	% 	 	 	2.50	% 

 Any increase or decrease in the Applicable Margin pursuant to clause (b) above resulting
from a change in the Senior Secured First Lien Net Leverage Ratio shall become effective as of the first Business Day immediately following the date an officer’s certificate is delivered pursuant to Section 5.04(3); provided that if
notification is provided to the Borrower that the Administrative Agent or the Required Lenders have so elected, with respect to Tranche B Term Loans, “Pricing Level 1” shall apply (x) as of the first Business Day after the date on
which an officer’s certificate was required to have been delivered pursuant to Section 5.04(3) but was not delivered, and shall continue to so apply to and including the date on which such officer’s certificate is so delivered (and
thereafter the pricing level otherwise determined in accordance with this definition shall apply) and (y) as of the first Business Day after an Event of Default under Section 8.01(3) shall have occurred and be continuing, and shall
continue to so apply to but excluding the date on which such Event of Default is cured or waived (and thereafter the pricing level otherwise determined in accordance with this definition shall apply); 

(2) with respect to any Incremental Term Loans, the “Applicable Margin” set forth in the Incremental Facility
Amendment establishing the terms thereof; 
 (3) with respect to any Other Term Loans, the “Applicable Margin” set
forth in the Refinancing Amendment establishing the terms thereof; and 
 (4) with respect to any Extended Term Loans, the
“Applicable Margin” set forth in the Extension Amendment establishing the terms thereof. 
 “Approved
Fund” has the meaning assigned to such term in Section 10.04(2). 

  
 -3- 

 “Arrangers” means each of Nomura Securities International, Inc. and
Jefferies Finance LLC. 
 “Asset Sale” means any loss, damage, destruction or condemnation of, or any sale, transfer
or other disposition to any Person of any asset or assets of the Borrower or any Restricted Subsidiary. 
 “Asset Sale Proceeds
Account” means one or more deposit accounts or securities accounts (as such terms are defined in the Uniform Commercial Code) containing only the Net Cash Proceeds of Asset Sales or any Below Threshold Asset Sale Proceeds, any
investments thereof in Cash Equivalents and the proceeds thereof, pending the application of such Net Cash Proceeds in accordance with Section 2.08(1), which accounts have been pledged to the Collateral Agent, for the benefit of the Secured
Parties, on a first-priority basis pursuant to documentation in form and substance reasonably satisfactory to the Collateral Agent. 

“Assignee” has the meaning assigned to such term in Section 10.04(2). 

“Assignment and Acceptance” means an assignment and acceptance entered into by a Lender and an Assignee, and accepted
by the Administrative Agent and the Borrower (if required by Section 10.04), substantially in the form of Exhibit A or such other form that is approved by the Administrative Agent. 

“Attributable Indebtedness” means, on any date, in respect of any capitalized lease of any Person, the capitalized
amount thereof that would appear on a balance sheet of such Person prepared as of such date in accordance with GAAP. 

“Available Amount” means, as of any date, an amount, not less than zero, determined on a cumulative basis, equal to
the sum, without duplication, of: 
 (1) $25.0 million; plus  

(2) the Cumulative Retained Excess Cash Flow Amount as of such date (measured annually); plus  

(3) the cumulative amount of cash proceeds and the fair market value of property (other than cash) received by the Borrower or
any Parent Entity in connection with the sale or issuance of Equity Interests of the Borrower or any Parent Entity after the Closing Date and on or prior to such date (including upon exercise of warrants or options or in connection with a Permitted
Acquisition or other Permitted Investment) which, with respect to proceeds or property received in connection with the sale or issuance of Equity Interests of a Parent Entity, have been contributed to the capital of the Borrower or exchanged for
Equity Interest of the Borrower, other than the proceeds of Disqualified Stock, Excluded Contributions, any net cash proceeds that are used prior to such date for Restricted Payments under Section 6.06(1) or Section 6.06(2)(b), and equity
used to incur Contribution Indebtedness; plus  
 (4) 100% of the aggregate amount of cash contributions to the
capital of the Borrower and the fair market value of property other than cash contributed to the capital of the Borrower after the Closing Date, other than the proceeds of Disqualified Stock, Excluded Contributions, any net cash proceeds that are
used prior to such date for Restricted Payments under Section 6.06(1) or Section 6.06(2)(b), and equity used to incur Contribution Indebtedness; plus  

(5) 100% of the aggregate principal amount of any Indebtedness (including the liquidation preference or maximum fixed
repurchase price, as the case may be, of any Disqualified Stock) of the Borrower or any Restricted Subsidiary issued after the Closing Date (other than Indebtedness (including Disqualified Stock) issued to Holdings, the Borrower or a Restricted
Subsidiary), which has been converted into or exchanged for Equity Interests (other than Disqualified Stocks) of the Borrower or any Parent Entity; plus  

(6) 100% of the aggregate amount of cash (and the fair market value of property other than cash) received by the Borrower or
any Restricted Subsidiary after the Closing Date from (a) the sale (other 

  
 -4- 

 
than to Holdings, the Borrower or any Restricted Subsidiary) of the Equity Interests of any Unrestricted Subsidiary or (b) any dividend or other distribution (including any payment on
intercompany Indebtedness) by any such Unrestricted Subsidiary; plus  
 (7) in the event any Unrestricted Subsidiary
becomes a Restricted Subsidiary or has been merged, consolidated or amalgamated with or into, or transfers or conveys its assets to, or is liquidated into, Holdings, the Borrower or any Restricted Subsidiary, the lesser of (a) the fair market
value of the Investments of the Borrower and the Restricted Subsidiaries in such Unrestricted Subsidiary at the time such Unrestricted Subsidiary becomes a Restricted Subsidiary or at the time of such merger, consolidation, amalgamation, transfer or
liquidation (or of the assets transferred or conveyed, as applicable) and (b) the fair market value of the original Investments by the Borrower and the Restricted Subsidiaries in such Unrestricted Subsidiary, in each case, (i) as
determined by a Responsible Officer of the Borrower in good faith and (ii) to the extent the Investment in such Unrestricted Subsidiary was made using the Available Amount; plus  

(8) any mandatory prepayment declined by a Lender; minus  

(9) the use of such Available Amount since the Closing Date. 

Notwithstanding the foregoing, upon the occurrence of the Permitted Change of Control Effective Date, (A) the Available Amount shall be
automatically reduced (or if applicable, increased) to $25.0 million and (B) each reference to “Closing Date” in this definition shall be deemed a reference to “Permitted Change of Control Effective Date.” 

“Available Incremental Term Loan Facility Amount” has the meaning assigned to such term in Section 2.18(3). 

“Bail-In Action” means the exercise of any Write-Down and Conversion Powers by the applicable EEA Resolution Authority
in respect of any liability of an EEA Financial Institution. 
 “Bail-In Legislation” means, with respect to any EEA
Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law for such EEA Member Country from time to time which is described in the EU Bail-In Legislation
Schedule. 
 “Below Threshold Asset Sale Proceeds” means the cash proceeds of Asset Sales involving aggregate
consideration of $5.0 million or less. 
 “Beneficial Owner” has the meaning given to that term in Rule 13d-3
and Rule 13d-5 under the Exchange Act. The terms “Beneficially Owns,” “Beneficially Owned” and “Beneficial Ownership” have a corresponding meaning. 

“Board” means the Board of Governors of the Federal Reserve System of the United States of America. 

“Board of Directors” means, as to any Person, the board of directors, board of managers or other governing body of
such Person, or if such Person is owned or managed by a single entity, the board of directors, board of managers or other governing body of such entity, and the term “directors” means members of the Board of Directors. 

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

“Borrower Materials” has the meaning assigned to such term in Section 10.17(1). 

“Borrowing” means a group of Term Loans of a single Type made on a single date under a single Term Facility and, in
the case of Eurocurrency Loans, as to which a single Interest Period is in effect. 

  
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 “Borrowing Request” means a request by the Borrower in accordance
with the terms of Section 2.02 and substantially in the form of Exhibit C. 
 “Budget” has the meaning
assigned to such term in Section 5.04(5). 
 “Business Day” means any day other than a Saturday, Sunday or
other day on which commercial banks in New York City are authorized or required by law to close; provided that when used in connection with a Eurocurrency Loan, the term “Business Day” also excludes any day on which banks are not
open for dealings in deposits in the London interbank market. 
 “Capital Expenditures” means, for any period, the
aggregate of all expenditures incurred by the Borrower and the Restricted Subsidiaries during such period that, in accordance with GAAP, are or should be included in “additions to property, plant or equipment” or similar items reflected in
the consolidated statement of cash flows of the Borrower and its Restricted Subsidiaries for such period; provided that Capital Expenditures will not include: 

(1) expenditures to the extent they are made with (a) Equity Interests of any Parent Entity or (b) proceeds of the
issuance of Equity Interests of, or a cash capital contribution to, the Borrower after the Closing Date; 
 (2) expenditures
with proceeds of insurance settlements, condemnation awards and other settlements in respect of lost, destroyed, damaged or condemned assets, equipment or other property to the extent such expenditures are made to replace or repair such lost,
destroyed, damaged or condemned assets, equipment or other property or otherwise to acquire, maintain, develop, construct, improve, upgrade or repair assets or properties useful in the business of the Borrower and its Subsidiaries; 

(3) interest capitalized during such period; 

(4) expenditures that are accounted for as capital expenditures of such Person and that actually are paid for by a third party
(excluding the Borrower and any Restricted Subsidiary) and for which none of the Borrower or any Restricted Subsidiary has provided or is required to provide or incur, directly or indirectly, any consideration or obligation to such third party or
any other Person (whether before, during or after such period) (it being understood that notwithstanding the foregoing, landlord financed improvements to leased real properties shall be excluded from “Capital Expenditures” pursuant to this
clause (4)); 
 (5) the book value of any asset owned by the Borrower or any Restricted Subsidiary prior to or during such
period to the extent that such book value is included as a Capital Expenditure during such period as a result of such Person reusing or beginning to reuse such asset during such period without a corresponding expenditure actually having been made in
such period; provided that any expenditure necessary in order to permit such asset to be reused will be included as a Capital Expenditure during the period that such expenditure is actually made; 

(6) the purchase price of equipment purchased during such period to the extent the consideration therefor consists of any
combination of (a) used or surplus equipment traded in at the time of such purchase or (b) the proceeds of a concurrent sale of used or surplus equipment, in each case, in the ordinary course of business; 

(7) Investments in respect of a Permitted Acquisition; 

(8) [reserved]; or 

(9) the purchase of property, plant, equipment or other capital assets to the extent purchased with the proceeds of Asset Sales
that are not applied to prepay Term Loans pursuant to Section 2.08. 
 “Capital Lease
Obligations” means, with respect to any Person, the obligations of such Person to pay rent or other amounts under any lease of (or other similar arrangement conveying the right to use) real or personal

  
 -6- 

 
property, or a combination thereof, which obligations are required to be classified and accounted for as capital leases on a balance sheet of such Person under GAAP and, for purposes hereof, the
amount of such obligations at any time will be the capitalized amount thereof at such time determined in accordance with GAAP. 

“Capital Stock” means: 

(1) in the case of a corporation, corporate stock; 

(2) in the case of an association or business entity, any and all shares, interests, participations, rights or other
equivalents (however designated) of corporate stock; 
 (3) in the case of a partnership or limited liability company,
partnership or membership interests (whether general or limited); and 
 (4) any other interest or participation that confers
on a Person the right to receive a share of the profits and losses of, or distributions of assets of, the issuing Person. 

“Captive Insurance Company” means a Wholly Owned Subsidiary of the Borrower created solely for providing
self-insurance for the Borrower and its Subsidiaries and engaging in no other activities other than activities ancillary thereto and necessary for the maintenance of corporate existence. 

“Cash Equivalents” means: 

(1) Dollars, euros or the national currency of any participating member of the European Union or, in the case of any Foreign
Subsidiary, any local currencies held by it from time to time in the ordinary course of business and not for speculation; 

(2) direct obligations of the United States of America or any member of the European Union or any agency thereof or obligations
guaranteed by the United States of America or any member of the European Union or any agency thereof, in each case, with maturities not exceeding two years; 

(3) time deposits, eurodollar time deposits, certificates of deposit and money market deposits, in each case, with maturities
not exceeding one year from the date of acquisition thereof, and overnight bank deposits, in each case, with any commercial bank having capital, surplus and undivided profits of not less than $250.0 million; 

(4) repurchase obligations for underlying securities of the types described in clauses (2) and (3) above and clause
(6) below entered into with a bank meeting the qualifications described in clause (3) above; 
 (5) commercial
paper or variable or fixed rate notes maturing not more than one year after the date of acquisition issued by a corporation rated at least “P-1” by Moody’s or “A 1” by S&P (or reasonably equivalent ratings of another
internationally recognized rating agency); 
 (6) securities with maturities of two years or less from the date of
acquisition issued or fully guaranteed by any state, commonwealth or territory of the United States of America, or by any political subdivision or taxing authority thereof, having one of the two highest rating categories obtainable from either
Moody’s or S&P (or reasonably equivalent ratings of another internationally recognized rating agency); 
 (7)
Indebtedness issued by Persons (other than the Sponsors) with a rating of at least “A 2” by Moody’s or “A” by S&P (or reasonably equivalent ratings of another internationally recognized rating agency), in each case, with
maturities not exceeding one year from the date of acquisition, and marketable short-term money market and similar securities having a rating of at least “P-2” or “A-2” from either Moody’s or S&P (or reasonably
equivalent ratings of another internationally recognized rating agency); 

  
 -7- 

 (8) Investments in money market funds with average maturities of 12 months
or less from the date of acquisition that are rated “Aaa3” by Moody’s and “AAA” by S&P (or reasonably equivalent ratings of another internationally recognized rating agency); 

(9) instruments equivalent to those referred to in clauses (1) through (8) above denominated in any foreign currency
comparable in credit quality and tenor to those referred to above customarily utilized in the countries where any such Restricted Subsidiary is located or in which such Investment is made; and 

(10) shares of mutual funds whose investment guidelines restrict 95% of such funds’ investments to those satisfying the
provisions of clauses (1) through (9) above. 
 “Cash Management Bank” means any provider of Cash
Management Services that, at the time such Cash Management Obligations were entered into or, if entered into prior to the Closing Date, on the Closing Date, was the Administrative Agent, a Lender or an Affiliate of the foregoing, whether or not such
Person subsequently ceases to be the Administrative Agent, a Lender or an Affiliate of the foregoing. 
 “Cash Management
Obligations” means obligations owed by the Borrower or any Restricted Subsidiary to any Cash Management Bank in respect of or in connection with Cash Management Services and designated by the Cash Management Bank and the Borrower in
writing to the Administrative Agent as “Cash Management Obligations” under this Agreement (but only if such obligations have not been designated as “Cash Management Obligations” under the ABL Credit Agreement). 

“Cash Management Services” means any agreement or arrangement to provide cash management services, including treasury,
depository, overdraft, credit card processing, credit or debit card, purchase card, electronic funds transfer, supply-chain financing with respect to short-term payables and other cash management arrangements. 

“CFC” has the meaning assigned to such term in clause (1) of the definition of Excluded Subsidiary. 

“Change in Law” means: 

(1) the adoption of any treaty, law, rule or regulation after the Closing Date; 

(2) any change in treaty, law, rule or regulation or in the interpretation or application thereof by any Governmental Authority
after the Closing Date; or 
 (3) compliance by any Lender (or, for purposes of Section 2.12(2), by any Lending Office
of such Lender or by such Lender’s holding company, if any) with any written request, guideline or directive (whether or not having the force of law) of any Governmental Authority, made or issued after the Closing Date; provided that,
notwithstanding anything herein to the contrary, (a) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives promulgated thereunder or issued in connection therewith and (b) all
requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States of America or foreign regulatory authorities, in
each case pursuant to Basel III, in each case will be deemed to be a “Change in Law,” regardless of the date enacted, adopted, promulgated or issued. 

A “Change of Control” will be deemed to occur if: 

(1) at any time, 

(a) Holdings ceases to Beneficially Own, directly or indirectly, 100% of the issued and outstanding Equity Interests of the
Borrower; or 

  
 -8- 

 (b) a “change of control” (or comparable event) occurs under the
ABL Credit Agreement or the Second Lien Credit Agreement (in each case, other than as a result of a Permitted Change of Control) or the documentation governing any Permitted Refinancing Indebtedness in respect of any of the foregoing (in each case,
other than as a result of a Permitted Change of Control), in each case, if any Indebtedness is outstanding under such agreement; 

(2) at any time prior to the consummation of a Qualified IPO, the Permitted Holders, taken together, cease to Beneficially Own,
directly or indirectly, Voting Stock representing 50% or more of the aggregate ordinary voting power represented by the issued and outstanding Equity Interests of Holdings; or 

(3) at any time after the consummation of a Qualified IPO, any person or “group” (within the meaning of Rules 13d-3
and 13d-5 under the Exchange Act, but excluding any employee benefit plan of such Person and its subsidiaries and any Person or entity acting in its capacity as trustee, agent or other fiduciary or administrator of any such plan), other than the
Permitted Holders, acquires Beneficial Ownership of Voting Stock of a Parent Entity representing (a) more than 35% of the aggregate ordinary voting power for the election of directors represented by the issued and outstanding Equity Interests
of such Parent Entity (determined on a fully diluted basis but without giving effect to contingent voting rights that have not yet vested) and (b) more than the percentage of the aggregate ordinary voting power for the election of directors
that is at the time Beneficially Owned, directly or indirectly, by the Permitted Holders, taken together (determined on a fully diluted basis but without giving effect to contingent voting rights that have not yet vested); 

unless, in the case of preceding clauses (2) and (3), the Permitted Holders have, at such time, the right or the ability by voting power, contract or
otherwise to elect or designate for election a majority of the Board of Directors of Holdings or a Parent Entity; provided that the occurrence of a Permitted Change of Control shall not be deemed to be a Change of Control. 

“Charges” has the meaning assigned to such term in Section 10.09. 

“Class” means, with respect to a Term Facility, (a) when used with respect to Lenders, the Lenders under such
Term Facility, and (b) when used with respect to Term Loans or Borrowings, Term Loans or Borrowings under such Term Facility. As of the Closing Date, there is one Term Facility and one Class of Term Loans, the Tranche B Term Loans. 

“Closing Date” means February 3, 2017. 

“Code” means the Internal Revenue Code of 1986, as amended (unless as specifically provided otherwise). 

“Collateral” means the “Collateral” as defined in the Security Agreement and also includes all other
property that is subject to any Lien in favor of the Collateral Agent for the benefit of the Secured Parties pursuant to any Security Document. 

“Collateral Agent” means Nomura Corporate Funding Americas, LLC, in its capacity as Collateral Agent for itself and
the other Secured Parties, and any duly appointed successor in that capacity. 
 “Commitments” means the Tranche B
Term Loan Commitments. On the Closing Date, the aggregate amount of Commitments of all Term Loans is $1,925.0 million. 

“Commodity Exchange Act” means the Commodity Exchange Act (7 U.S.C. § 1 et seq.), as amended from time to time,
and any successor statute. 
 “Connection Income Taxes” means Other Connection Taxes that are imposed on or measured
by net income (however denominated) or that are franchise Taxes or branch profits Taxes. 

  
 -9- 

 “Consolidated Debt” means, as of any date, the aggregate outstanding
principal amount (without duplication) of all Indebtedness (other than letters of credit or bank guarantees, to the extent undrawn) consisting of Capital Lease Obligations, Indebtedness for borrowed money, and Disqualified Stock of the Borrower and
the Restricted Subsidiaries and all Guarantees of the foregoing, determined on a consolidated basis in accordance with GAAP, based upon the most recent month-end financial statements available internally as of the date of determination, and
calculated on a Pro Forma Basis. 
 “Consolidated EBITDA” means, for any period, the Consolidated Net Income of the
Borrower for such period: 
 (1) increased, in each case (other than clause (m)) to the extent deducted in calculating
such Consolidated Net Income (and without duplication), by: 
 (a) provision for taxes based on income, profits or capital,
including state, franchise, excise and similar taxes and foreign withholding taxes paid or accrued, including any penalties and interest relating to any tax examinations, and state taxes in lieu of business fees (including business license fees) and
payroll tax credits, income tax credits and similar tax credits, and including an amount equal to the amount of tax distributions actually made to the holders of Equity Interests of the Borrower or any Parent Entity in respect of such period (in
each case, to the extent attributable to the operations of the Borrower and its Subsidiaries), which will be included as though such amounts had been paid as income taxes directly by the Borrower; plus  

(b) Consolidated Interest Expense; plus  

(c) cash dividend payments (excluding items eliminated in consolidation) on any series of preferred stock or Disqualified Stock
of the Borrower or any Restricted Subsidiary; plus  
 (d) all depreciation and amortization charges and expenses;
plus 
 (e) all 

(i) losses, charges and expenses relating to the Transactions; 

(ii) transaction fees, costs and expenses incurred in connection with the consummation of any transaction that is out of the
ordinary course of business (or any transaction proposed but not consummated) permitted under this Agreement, including equity issuances, investments, acquisitions, dispositions, recapitalizations, mergers, option buyouts, Specified Sale and
Lease-Back Transactions and the incurrence, modification or repayment of Indebtedness permitted to be incurred under this Agreement (including any Permitted Refinancing Indebtedness in respect thereof) or any amendments, waivers or other
modifications under the agreements relating to such Indebtedness or similar transactions, and any Permitted Change of Control Costs; and 

(iii) without duplication of any of the foregoing, non-operating or non-recurring professional fees, costs and expenses for
such period; plus  
 (f) any expense or deduction attributable to minority Equity Interests of third parties in any
Restricted Subsidiary that is not a Wholly Owned Subsidiary of the Borrower; plus  
 (g) the amount of management,
monitoring, consulting, transaction and advisory fees (including termination fees) and related indemnities, charges and expenses paid or accrued to or on behalf of any Parent Entity or any of the Permitted Holders, in each case, to the extent
permitted by Section 6.07; plus  

  
 -10- 

 (h) earn-out obligations incurred in connection with any Permitted
Acquisition or other Investment; plus  
 (i) all charges, costs, expenses, accruals or reserves in connection with
the rollover, acceleration or payout of Equity Interests held by officers or employees of the Borrower and all losses, charges and expenses related to payments made to holders of options or other derivative Equity Interests in the common equity of
the Borrower or any Parent Entity in connection with, or as a result of, any distribution being made to equityholders of such Person or any of its direct or indirect parents, which payments are being made to compensate such option holders as though
they were equityholders at the time of, and entitled to share in, such distribution; plus  
 (j) all non-cash losses,
charges and expenses, including any write-offs or write-downs; provided that if any such non-cash charge represents an accrual or reserve for potential cash items in any future four-fiscal quarter period (i) the Borrower may determine
not to add back such non-cash charge in the period for which Consolidated EBITDA is being calculated and (ii) to the extent the Borrower does decide to add back such non-cash charge, the cash payment in respect thereof in such future
four-fiscal quarter period will be subtracted from Consolidated EBITDA for such future four-fiscal quarter period; plus  

(k) all costs and expenses in connection with pre-opening and opening of Stores, distribution centers and other facilities that
were not already excluded in calculating such Consolidated Net Income; plus 
 (l) restructuring costs, charges or
reserves and costs, charges or reserves incurred in connection with the consolidation or closing of stores or distribution centers; plus 

(m) the amount of net cost savings and synergies (other than any of the foregoing related to Specified Transactions) projected
by the Borrower in good faith to result from actions taken or expected to be taken no later than twelve (12) months after the end of such period (which net cost savings and synergies shall be subject to certification by a Responsible Officer
and calculated on a pro forma basis as though such cost savings and synergies had been realized on the first day of the period for which Consolidated EBITDA is being determined), net of the amount of actual benefits realized during such period from
such actions; provided that (A) such cost savings and synergies are reasonably identifiable and factually supportable, (B) the aggregate amount of cost savings and synergies added pursuant to this clause (m) for any Test Period shall
not exceed, after the Closing Date, the greater of (x) $25,000,000 and (y) 6.5% of Consolidated EBITDA for such Test Period (calculated prior to giving effect to any adjustment pursuant to this clause (m)) and (C) with respect to any
period, no costs savings or synergies shall be added pursuant to this clause (m) to the extent duplicative of any costs savings or synergies that are included in clause (n) below with respect to such period, plus 

(n) signing, retention and completion bonuses, costs incurred in connection with any strategic initiatives, transition costs,
consolidation and closing costs for Stores and costs incurred in connection with non-recurring product and intellectual property development after the Closing Date, other business optimization expenses (including costs and expenses relating to
business optimization programs), and new systems design and implementation costs and project start-up costs in an aggregate amount for all cash items added pursuant to this clause (n) not to exceed the greater of (x) $25,000,000 and
(y) 6.5% of Consolidated EBITDA for such Test Period (calculated prior to giving effect to any adjustment pursuant to this clause (n)), plus  

(o) the amount of loss or discount on sale of receivables, Securitization Assets and related assets to any Securitization
Subsidiary in connection with a Qualified Securitization Financing, and  
 (2) decreased, without duplication
and to the extent increasing such Consolidated Net Income for such period, by non-cash gains (excluding any non-cash gains that represent the reversal of any 

  
 -11- 

 
accrual of, or cash reserve for, anticipated cash charges that were deducted (and not added back) in the calculation of Consolidated EBITDA for any prior period ending after the Closing Date).

 To the extent items excluded in the calculation of Consolidated Net Income have been excluded on an after-tax basis, these same items
shall be excluded on a pre-tax basis for purposes of the calculation of Consolidated EBITDA. 
 “Consolidated First Lien Net
Debt” means, as of any date, all Consolidated Debt as of such date that is secured by a Lien on the Term Priority Collateral that is pari passu with the Lien securing the Obligations or that is secured by a Lien on the ABL
Priority Collateral that is senior to or pari passu with the Lien securing the Obligations, minus all Unrestricted Cash as of such date, in each case, determined based upon the most recent month-end financial statements available internally
as of the date of determination, and calculated on a Pro Forma Basis; provided that for purposes of calculating the amount of Consolidated First Lien Net Debt with respect to any Indebtedness being incurred in reliance on compliance with any
financial ratio-based incurrence test, Unrestricted Cash will not include any proceeds received from such Indebtedness. For the avoidance of doubt, Indebtedness in respect of the ABL Credit Agreement will constitute Consolidated First Lien Net Debt.

 “Consolidated Interest Expense” means, with respect to any Person for any period, the sum, without duplication,
of: 
 (1) the aggregate interest expense of such Person and its Restricted Subsidiaries for such period, calculated on a
consolidated basis in accordance with GAAP, to the extent such expense was deducted in computing Consolidated Net Income (including pay-in-kind interest payments, amortization of original issue discount, the interest component of Capital Lease
Obligations and net payments and receipts (if any) pursuant to Hedge Agreements relating to interest rates (other than in connection with the early termination thereof) but excluding any non-cash interest expense attributable to the movement in the
mark-to-market valuation of hedging obligations, all amortization and write-offs of deferred financing fees, debt issuance costs, commissions, fees and expenses and expensing of any bridge, commitment or other financing fees, and all discounts,
commissions, fees and other charges associated with any Receivables Facility); plus  
 (2) consolidated capitalized
interest of the referent Person and its Restricted Subsidiaries for such period, whether paid or accrued; plus  
 (3)
any amounts paid or payable in respect of interest on Indebtedness the proceeds of which have been contributed to the referent Person and that has been Guaranteed by the referent Person; less  

(4) interest income of the referent Person and its Restricted Subsidiaries for such period. 

For purposes of this definition, interest on Capital Lease Obligations will be deemed to accrue at the interest rate reasonably determined by
a Responsible Officer of the Borrower to be the rate of interest implicit in such Capital Lease Obligations in accordance with GAAP. 

“Consolidated Net Income” means, with respect to any Person for any period, the aggregate of the net income (or loss)
of such Person and its Restricted Subsidiaries for such period, calculated on a consolidated basis in accordance with GAAP (adjusted to reflect any charge, tax or expense incurred or accrued by Holdings or any Parent Entity during such period
attributable to the operations of the Borrower and its Subsidiaries as though such charge, tax or expense had been incurred by the Borrower, to the extent that the Borrower has made or would be entitled under the Loan Documents to make any
Restricted Payment or other payment to or for the account of Holdings in respect thereof) and before any deduction for preferred stock dividends; provided that: 

(1) all net after-tax extraordinary, non-recurring or unusual gains, losses, income, expenses and charges, and in any event
including all restructuring, severance, relocation, retention, consolidation, integration or other similar charges and expenses, contract termination costs, litigation costs, excess pension charges, system establishment charges, start-up or closure
or transition costs, expenses related to any reconstruction, decommissioning, recommissioning or reconfiguration of fixed assets for alternative uses, fees, 

  
 -12- 

 
expenses or charges relating to curtailments or modifications to pension and post-retirement employee benefit plans in connection with a Permitted Change of Control or otherwise, expenses
associated with strategic initiatives, facilities shutdown and opening costs, and any fees, expenses, charges or change in control payments related to a Permitted Change of Control or otherwise (including any transition-related expenses incurred
before, on or after the Closing Date), will be excluded; 
 (2) all net after-tax income, loss, expense or charge from
abandoned, closed or discontinued operations and any net after-tax gain or loss on the disposal of abandoned, closed or discontinued operations will be excluded; 

(3) all net after-tax gain, loss, expense or charge attributable to business dispositions and asset dispositions other than in
the ordinary course of business (as determined in good faith by a Responsible Officer of the Borrower) will be excluded; 

(4) all net after-tax income, loss, expense or charge attributable to the early extinguishment or cancellation of Indebtedness,
Hedge Agreements or other derivative instruments will be excluded; 
 (5) all non-cash gain, loss, expense or charge
attributable to the movement in the mark-to-market valuation of Hedge Agreements or other derivative instruments will be excluded; 

(6) (a) the net income for such period of any Person that is not a Restricted Subsidiary of the referent Person, or that
is accounted for by the equity method of accounting, will be included only to the extent of the amount of dividends or distributions or other payments that are paid in cash (or converted into cash) to the referent Person or a Restricted Subsidiary
thereof in respect of such period; and (b) the net income for such period will include any ordinary course dividends, distributions or other payments in cash received from any such Person during such period in excess of the amounts included in
clause (a) hereof; 
 (7) the cumulative effect of a change in accounting principles during such period will be
excluded; 
 (8) the effects of purchase accounting, fair value accounting or recapitalization accounting adjustments
(including the effects of such adjustments pushed down to the referent Person and its Restricted Subsidiaries) resulting from the application of purchase accounting, fair value accounting or recapitalization accounting in relation to a Permitted
Change of Control or any acquisition consummated before or after the Closing Date, and the amortization, write-down or write-off of any amounts thereof, net of taxes, will be excluded; 

(9) all non-cash impairment charges and asset write-ups, write-downs and write-offs will be excluded; 

(10) all non-cash expenses realized in connection with or resulting from stock option plans, employee benefit plans or
agreements or post-employment benefit plans or agreements, or grants or sales of stock, stock appreciation or similar rights, stock options, restricted stock, preferred stock or other similar rights will be excluded; 

(11) any costs or expenses incurred in connection with the payment of dividend equivalent rights to option holders pursuant to
any management equity plan, stock option plan or any other management or employee benefit plan or agreement or post-employment benefit plan or agreement will be excluded; 

(12) accruals and reserves for liabilities or expenses that are established or adjusted as a result of a Permitted Change of
Control within 24 months after the Permitted Change of Control Effective Date will be excluded; 

  
 -13- 

 (13) all amortization and write-offs of deferred financing fees, debt
issuance costs, commissions, fees and expenses and expensing of any bridge, commitment or other financing fees, will be excluded; 

(14) any currency translation gains and losses related to changes in currency exchange rates (including remeasurements of
Indebtedness and any net loss or gain resulting from Hedge Agreements for currency exchange risk), will be excluded; 
 (15)
(a) the non-cash portion of “straight-line” rent expense will be excluded and (b) the cash portion of “straight-line” rent expense that exceeds the amount expensed in respect of such rent expense will be included; 

(16) expenses and lost profits with respect to liability or casualty events or business interruption will be disregarded to the
extent covered by insurance and actually reimbursed, or, so long as such Person has made a determination that there exists reasonable evidence that such amount will in fact be reimbursed by the insurer, but only to the extent that such amount
(a) has not been denied by the applicable carrier in writing and (b) is in fact reimbursed within 365 days of the date on which such liability was discovered or such casualty event or business interruption occurred (with a deduction for
any amounts so added back that are not reimbursed within such 365-day period); provided that any proceeds of such reimbursement when received will be excluded from the calculation of Consolidated Net Income to the extent the expense or lost
profit reimbursed was previously disregarded pursuant to this clause (16); 
 (17) losses, charges and expenses that are
covered by indemnification or other reimbursement provisions in connection with any asset disposition will be excluded to the extent actually reimbursed, or, so long as such Person has made a determination that a reasonable basis exists for
indemnification or reimbursement, but only to the extent that such amount is in fact indemnified or reimbursed within 365 days of such determination (with a deduction in the applicable future period for any amount so added back to the extent not so
indemnified or reimbursed within such 365 days); 
 (18) (a) cash costs and expenses in connection with pre-opening and
opening of Stores, distribution centers and other facilities for any four-quarter period, and all non-cash pre-opening costs and expenses, will be excluded, and (b) all income, loss, charges and expenses associated with Stores, distribution
centers and other facilities closed in any period, or scheduled for closure within 12 months of the date on which Consolidated Net Income is being calculated, will be excluded; 

(19) non-cash charges for deferred tax asset valuation allowances will be excluded; and 

(20) solely for the purpose of determining the amount available for Restricted Payments under Section 6.06(15), the net
income (or loss) for such period of any Restricted Subsidiary (other than a Guarantor) will be excluded to the extent that the declaration or payment of dividends or similar distributions by that Restricted Subsidiary is not at the date of
determination permitted without any prior governmental approval (which has not been obtained) or, directly or indirectly, by the operation of its charter or any agreement, instrument, judgment, decree, order, statute, rule or governmental regulation
applicable to that Restricted Subsidiary or its stockholders, unless such restriction with respect to the payment of dividends or similar distributions has been legally waived; provided that Consolidated Net Income of such Person will be
increased by the amount of dividends or other distributions or other payments actually paid in cash (or to the extent converted into cash) to such Person or any of its Restricted Subsidiaries in respect of such period, to the extent not already
included therein. 
 “Consolidated Secured Net Debt” means, as of any date, all Consolidated Debt as of such date
that is secured by a Lien on the Collateral, minus all Unrestricted Cash as of such date, in each case, determined based upon the most recent month-end financial statements available internally as of the date of determination, and calculated on a
Pro Forma Basis; provided that for purposes of calculating the amount of Consolidated Secured Net Debt with respect to any Indebtedness being incurred in reliance on compliance with any financial ratio-based incurrence test, Unrestricted Cash
will not include any proceeds received from such Indebtedness. 

  
 -14- 

 “Consolidated Total Assets” means, as of any date, the total assets
of the Borrower and the Restricted Subsidiaries, determined on a consolidated basis in accordance with GAAP, determined based upon the most recent month-end financial statements available internally as of the date of determination, and calculated on
a Pro Forma Basis. 
 “Consolidated Total Net Debt” means, as of any date, the Consolidated Debt as of such date
minus all Unrestricted Cash as of such date, in each case, determined based upon the most recent month-end financial statements available internally as of the date of determination, and calculated on a Pro Forma Basis; provided that for
purposes of calculating the Consolidated Total Net Debt with respect to any Indebtedness being incurred in reliance on compliance with any financial ratio-based incurrence test, Unrestricted Cash will not include any proceeds received from such
Indebtedness. 
 “continuing” means, with respect to any Default or Event of Default, that such Default or Event of
Default has not been cured or waived. 
 “Contribution Indebtedness” has the meaning assigned to such term in
Section 6.01(16). 
 “Control” means the possession, directly or indirectly, of the power to direct or cause
the direction of the management or policies of a Person, whether through the ownership of voting securities, by contract or otherwise, and the terms “Controlling” and “Controlled” will have correlative
meanings. 
 “Credit Agreement Refinancing Indebtedness” means secured or unsecured Indebtedness of the Borrower in
the form of one or more series of term loans or notes; provided that: 
 (1) such Indebtedness is incurred or
otherwise obtained (including by means of the extension or renewal of existing Indebtedness) in exchange for, or to extend, renew, replace or refinance, in whole or part (and such exchange, extension, renewal, replacement or refinancing occurs
substantially concurrently with such incurrence or obtainment), Indebtedness (“Refinanced Debt”) that is either Term Loans or other Credit Agreement Refinancing Indebtedness; 

(2) such Indebtedness is in an original aggregate principal amount not greater than the principal amount of the Refinanced Debt
(plus the amount of unpaid accrued or capitalized interest and premiums thereon (including tender premiums), underwriting discounts, defeasance costs, fees, commissions and expenses); 

(3) the Weighted Average Life to Maturity of such Indebtedness is equal to or longer than the remaining Weighted Average Life
to Maturity of the Refinanced Debt, and the final maturity date of such Credit Agreement Refinancing Indebtedness may not be earlier than the final maturity date of such Refinanced Debt; 

(4) such Indebtedness may participate on a pro rata basis or on a less than pro rata basis (but not on a greater
than pro rata basis) in any mandatory prepayments hereunder; provided that in no event shall such Indebtedness be permitted to be mandatorily prepaid prior to the repayment in full of all Term Facilities, unless accompanied by a
ratable prepayment of each Term Facility hereunder; 
 (5) such Indebtedness is not secured by any assets or property of
Holdings, the Borrower or any Restricted Subsidiary that does not constitute Collateral; 
 (6) such Indebtedness is not
guaranteed by any Subsidiary of the Borrower other than a Subsidiary Loan Party; 

  
 -15- 

 (7) if such Indebtedness is secured: 

(a) the security agreements relating to such Indebtedness are substantially similar to or the same as the Security Documents
(as determined in good faith by a Responsible Officer of the Borrower); 
 (b) if such Indebtedness is secured on a pari
passu basis with the Term Loans, a Debt Representative acting on behalf of the holders of such Indebtedness has become party to or is otherwise subject to the provisions of the a First Lien Intercreditor Agreement and, if applicable, the
Intercreditor Agreement; 
 (c) if such Indebtedness is secured on a junior basis to the Term Loans, a Debt Representative,
acting on behalf of the holders of such Indebtedness, has become party to or is otherwise subject to the provisions of a Junior Lien Intercreditor Agreement and, if applicable, the Intercreditor Agreement; and 

(8) the terms and conditions of such Indebtedness are substantially identical to, or, taken as a whole, no more favorable to
the lenders or holders providing such Indebtedness than, those applicable to such Refinanced Debt as determined in good faith by a Responsible Officer of the Borrower; provided that the Borrower will promptly deliver to the Administrative
Agent final copies of the definitive credit documentation relating to such Indebtedness (unless the Borrower is bound by a confidentiality obligation with respect thereto, in which case the Borrower will deliver a reasonably detailed description of
the material terms and conditions of such Indebtedness in lieu thereof); provided further that this clause (8) will not apply to: 

(a) terms addressed in the preceding clauses (1) through (7); 

(b) (i) interest rate, fees, funding discounts and other pricing terms; (ii) redemption, prepayment or other
premiums; (iii) optional prepayment terms; and (iv) redemption terms; 
 (c) subordination terms; 

(d) covenants and other provisions applicable only to periods after the Latest Maturity Date at the time of incurrence of such
Indebtedness; and 
 (e) terms and conditions consistent with then-prevailing market terms and conditions at the time
incurred for one or more series of junior lien notes or term loans that will be secured on a subordinated basis to the Term Facility (as reasonably determined by the Borrower in good faith). 

Credit Agreement Refinancing Indebtedness will include any Registered Equivalent Notes issued in exchange therefor. 

“Cumulative Retained Excess Cash Flow Amount” means, as of any date, an amount, not less than zero in the aggregate,
determined on a cumulative basis, equal to the Retained Percentage of Excess Cash Flow for all Excess Cash Flow Periods ending after the Closing Date and prior to such date. 

“Current Assets” means, as of any date, all assets (other than Cash Equivalents or other cash equivalents) that would,
in accordance with GAAP, be classified on a consolidated balance sheet of the Borrower and the Restricted Subsidiaries as “current assets” (other than amounts related to current or deferred Taxes based on income or profits), determined
based upon the most recent month-end financial statements available internally as of the date of determination, and calculated on a Pro Forma Basis. 

  
 -16- 

 “Current Liabilities” means, as of any date, all liabilities that
would, in accordance with GAAP, be classified on a consolidated balance sheet of the Borrower and the Restricted Subsidiaries as “current liabilities,” other than: 

(1) the current portion of any Indebtedness; 

(2) accruals of Consolidated Interest Expense (excluding Consolidated Interest Expense that is due and unpaid); 

(3) accruals for current or deferred Taxes based on income or profits; 

(4) accruals, if any, of transaction costs resulting from the Transactions; and 

(5) accruals of any costs or expenses related to (a) severance or termination of employees prior to the Closing Date or
(b) bonuses, pension and other post-retirement benefit obligations; 
 in each case, determined based upon the most recent month-end financial
statements available internally as of the date of determination, and calculated on a Pro Forma Basis. 
 “CVC” means
any funds or limited partnerships managed or advised by Affiliates of CVC Capital Partners Limited or their respective direct or indirect Subsidiaries or any investors in such funds or limited partnerships (but excluding, in each case, (i) any
portfolio companies in which such funds or limited partnerships hold an investment and (ii) any funds or entities managed or advised by CVC Credit Partners Group Holding Foundation and each of its direct or indirect Subsidiaries and any funds
or entities managed or advised by them from time to time) who are investors in such funds or limited partnerships as of the Closing Date, investing directly or indirectly in Holdings. 

“Debt Fund Affiliate” means: 

(1) any Affiliate, division or internal group of a Permitted Investor that has the principal purpose of investing in, acquiring
or trading commercial loans, bonds or similar extensions of credit in the ordinary course; and 
 (2) any investment fund or
account of a Permitted Investor managed by third parties (including by way of a managed account, a fund or an index fund in which a Permitted Investor has invested) or a division or internal group within a Permitted Investor that is not organized or
used primarily for the purpose of making equity investments, in each case, with respect to which a Sponsor does not, directly or indirectly, possess the power to direct or cause the direction of the investment policies of such entity. 

“Debt Representative” means, with respect to any Indebtedness that is secured on a pari passu basis with, or on
a junior basis to, the Term Loans, the trustee, administrative agent, collateral agent, security agent or similar agent under the indenture or agreement pursuant to which such Indebtedness is issued, incurred or otherwise obtained, as the case may
be, and each of their successors in such capacities. 
 “Default” means any event or condition which, but for the
giving of notice, lapse of time or both, would constitute an Event of Default. 
 “Defaulting Lender”
means any Lender whose acts or failure to act, whether directly or indirectly, constitutes a Lender Default. 
 “Designated
Non-Cash Consideration” means the fair market value of non-cash consideration received by the Borrower or any Restricted Subsidiary in connection with an Asset Sale that is designated as Designated Non-Cash Consideration pursuant to a
certificate of a Responsible Officer of the Borrower setting forth the basis of such valuation, less the amount of cash or Cash Equivalents received in connection with a subsequent sale of such Designated Non-Cash Consideration. 

  
 -17- 

 “Disinterested Director” means, with respect to any Person and
transaction, a member of the Board of Directors of such Person who does not have any material direct or indirect financial interest in or with respect to such transaction. 

“Disqualified Institution” means: 

(1) (a) any Person that is a competitor of the Borrower and identified by the Borrower in writing to the Arrangers and the
Administrative Agent on or prior to the Closing Date; 
 (b) any Person that is a competitor of the Borrower and identified
by the Borrower in good faith in writing to the Administrative Agent from time to time after the Closing Date; 
 (c)
together with any Affiliates of such competitors described in the foregoing clauses (a) and (b) that are reasonably identifiable as such (other than any such Affiliate that is a bank, financial institution or fund (other than a Person
described in clause (2) below) that regularly invest in commercial loans or similar extensions of credit in the ordinary course of business and for which no personnel involved with the relevant competitor or person referred to in clause
(2) below make investment decisions); and 
 (2) certain banks, financial institutions, other institutional lenders and
investors and other entities that are identified by the Borrower in writing to the Arrangers and the Administrative Agent on or prior to the Closing Date together with any Affiliates of such Persons that are (a) identified by the Borrower or
any Sponsor in writing from time to time or (b) clearly identifiable on the basis of such Affiliate’s name. 
 Notwithstanding anything in the
Loan Documents to the contrary, the Administrative Agent shall not be responsible (or have any liability) for, or have any duty to ascertain, inquire into, monitor or enforce, compliance with the provisions thereof relating to Disqualified
Institutions. Without limiting the generality of the foregoing, the Administrative Agent shall not (1) be obligated to ascertain, monitor or inquire as to whether any Lender or participant or prospective Lender or participant is a Disqualified
Institution or (2) have any liability with respect to or arising out of any assignment or participation of Term Loans or commitments, or disclosure of confidential information, to any Disqualified Institution. The list of Disqualified
Institutions shall be available to Lenders upon request but shall not otherwise be posted to the Lenders. 
 “Disqualified
Stock” means, with respect to any Person, any Equity Interests of such Person that, by their terms (or by the terms of any security or other Equity Interests into which they are convertible or for which they are redeemable or
exchangeable at the option of the holder thereof), or upon the happening of any event or condition: 
 (1) mature or are
mandatorily redeemable (other than solely for Qualified Equity Interests), pursuant to a sinking fund obligation or otherwise (except as a result of a change of control or asset sale so long as any rights of the holders thereof upon the occurrence
of a change of control or asset sale are subject to the prior repayment in full of the Term Loans and all other Obligations that are accrued and payable and the termination of the Commitments); 

(2) are redeemable at the option of the holder thereof (other than solely for Qualified Equity Interests), in whole or in part;

 (3) provide for the scheduled payments of dividends in cash; or 

(4) either mandatorily or at the option of the holders thereof, are or become convertible into or exchangeable for Indebtedness
or any other Equity Interests that would constitute Disqualified Stock, 
 in each case, prior to the date that is 91 days after the earlier of (x) the
Latest Maturity Date; and (y) the date on which the Term Loans and all other Obligations (other than Obligations in respect of (i) Specified Hedge Agreements and Cash Management Obligations that are not then due and payable and
(ii) contingent indemnification and reimbursement obligations that are not yet due and payable and for which no claim has been asserted) are repaid in 

  
 -18- 

 
full and the Commitments are terminated; provided that only the portion of the Equity Interests that so mature or are mandatorily redeemable, are so convertible or exchangeable or are so
redeemable at the option of the holder thereof prior to such date will be deemed to be Disqualified Stock; provided, further, that if such Equity Interests are issued to any employee or to any plan for the benefit of employees of
Holdings or its Subsidiaries or by any such plan to such employees, such Equity Interests will not constitute Disqualified Stock solely because they may be required to be repurchased by Holdings or any of its Subsidiaries in order to satisfy
applicable statutory or regulatory obligations or as a result of such employee’s termination, death or disability; and provided, further, that any class of Equity Interests of such Person that by its terms authorizes such Person
to satisfy its obligations thereunder by delivery of Equity Interests that is not Disqualified Stock will not be deemed to be Disqualified Stock. 

“Distressed Person” has the meaning assigned to such term in the definition of “Lender-Related Distress
Event.” 
 “Dollars” or “$” means lawful money of the United States of America. 

“Domestic Subsidiary” means any Subsidiary of the Borrower that is organized under the laws of the United States, any
state thereof or the District of Columbia, and “Domestic Subsidiaries” means any two or more of them. Unless otherwise indicated in this Agreement, all references to Domestic Subsidiaries will mean Domestic Subsidiaries of
the Borrower. 
 “Dutch Auction” means an auction of Term Loans conducted: 

(1) pursuant to Section 10.04(10) to allow an Affiliated Lender to acquire Term Loans at a discount to par value and on a
pro rata basis; or 
 (2) pursuant to Section 10.04(14) to allow a Purchasing Borrower Party to prepay Term Loans
at a discount to par value and on a pro rata basis, 
 in each case, in accordance with the applicable Dutch Auction Procedures. 

“Dutch Auction Procedures” means, with respect to a purchase of Term Loans in a Dutch Auction, Dutch auction
procedures as reasonably agreed upon by the applicable Affiliated Lender or Purchasing Borrower Party, as the case may be, and the Administrative Agent. 

“EEA Financial Institution” means (a) any credit institution or investment firm established in any EEA Member
Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this definition, or (c) any financial
institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent; 

“EEA Member Country” means any of the member states of the European Union, Iceland, Liechtenstein, and Norway. 

“EEA Resolution Authority” means any public administrative authority or any person entrusted with public
administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution. 

“Enterprise Transformative Event” means any merger, acquisition or Investment, in any such case by the Borrower, any
Restricted Subsidiary, Holdings or any of the direct or indirect parent companies of Holdings (other than the Sponsors) that results in Consolidated EBITDA for the most recent four fiscal quarter period for which financial statements have been
delivered increasing by more than 25% on a Pro Forma Basis for such event. 
 “Environment” means ambient and indoor
air, surface water and groundwater (including potable water, navigable water and wetlands), the land surface or subsurface strata, and natural resources such as flora and fauna. 

  
 -19- 

 “Environmental Laws” means all applicable laws (including common
law), statutes, rules, regulations, codes, ordinances, orders, binding agreements and final, binding decrees or judgments, in each case, promulgated or entered into by or with any Governmental Authority, relating in any way to the Environment,
preservation or reclamation of natural resources, the generation, management, Release or threatened Release of, or exposure to, any Hazardous Material or to occupational health and safety matters (to the extent relating to the Environment or
exposure to Hazardous Materials). 
 “Equity Interests” means Capital Stock and all warrants, options or other
rights to acquire Capital Stock (but excluding any debt security that is convertible into, or exchangeable for, Capital Stock). 

“ERISA” means the Employee Retirement Income Security Act of 1974, as the same may be amended from time to time, and
any final regulations promulgated and the rulings issued thereunder. 
 “ERISA Affiliate” means any trade or
business (whether or not incorporated) that, together with Holdings or any of its Subsidiaries, is treated as a single employer under Section 414(b) or (c) of the Code or, solely for purposes of Section 302 of ERISA and
Section 412 of the Code, is treated as a single employer under Section 414 of the Code. 
 “ERISA Event”
means: 
 (1) a Reportable Event, or the requirements of Section 4043(b) of ERISA apply, with respect to a Plan; 

(2) a withdrawal by Holdings or any of its Subsidiaries or, to the knowledge of Holdings or the Borrower, any ERISA Affiliate
from a Plan subject to Section 4063 of ERISA during a plan year in which it was a substantial employer (as defined in Section 4001(a)(2) of ERISA) or a cessation of operations by Holdings or any of its Subsidiaries or, to the knowledge of
Holdings or the Borrower, any ERISA Affiliate that is treated as such a withdrawal under Section 4062(e) of ERISA; 

(3) a complete or partial withdrawal by Holdings or any of its Subsidiaries or, to the knowledge of Holdings or the Borrower,
any ERISA Affiliate from a Multiemployer Plan, receipt of written notification by Holdings or any of its Subsidiaries or, to the knowledge of Holdings or the Borrower, any ERISA Affiliate concerning the imposition of Withdrawal Liability or written
notification that a Multiemployer Plan is, or is expected to be, insolvent within the meaning of Title IV of ERISA or endangered or in critical status within the meaning of Section 305 of ERISA; 

(4) the provision by a Plan administrator or the PBGC of notice of intent to terminate a Plan, to appoint a trustee to
administer a Plan, the treatment of a Plan or Multiemployer Plan amendment as a termination under Sections 4041 or 4041A of ERISA or the commencement of proceedings by the PBGC to terminate a Plan or Multiemployer Plan; 

(5) the incurrence by Holdings or any of its Subsidiaries or, to the knowledge of Holdings or the Borrower, any ERISA Affiliate
of any liability under Title IV of ERISA with respect to the termination of any Plan or Multiemployer Plan, other than for the payment of plan contributions or PBGC premiums due but not delinquent under Section 4007 of ERISA; 

(6) the application for a minimum funding waiver under Section 302(c) of ERISA with respect to a Plan; 

(7) the imposition of a lien under Section 303(k) of ERISA with respect to any Plan; and 

(8) a determination that any Plan is in “at risk” status (within the meaning of Section 303 of ERISA). 

  
 -20- 

 “EU Bail-In Legislation Schedule” means the EU Bail-In Legislation
Schedule published by the Loan Market Association (or any successor person), as in effect from time to time. 
 “Eurocurrency
Borrowing” means a Borrowing comprised of Eurocurrency Loans. 
 “Eurocurrency Loan” means any Term
Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate. 
 “Event of Default” has the
meaning assigned to such term in Section 8.01. 
 “Excess Cash Flow” means, for any Excess Cash Flow Period,
the Consolidated Net Income of the Borrower for such period, minus, without duplication: 
 (1) repayments,
prepayments and other cash payments made with respect to the principal of any Indebtedness or the principal component of any Capital Lease Obligations of the Borrower or any Restricted Subsidiary during such period (excluding voluntary and mandatory
prepayments of Term Loans, voluntary prepayments of Indebtedness described in Section 2.08(2)(b), the amount of any prepayment with Specified Sale and Lease-Back Net Proceeds and prepayments of other revolving Indebtedness (except to the extent
accompanied by a corresponding reduction in commitments), but including all premium, make-whole or penalty payments paid in cash (to the extent such payments were not already deducted in calculating Consolidated Net Income and are not otherwise
prohibited under this Agreement)); provided that a mandatory prepayment of Indebtedness will only be deducted pursuant to this clause (1) to the extent not already deducted in the computation of Net Cash Proceeds of Asset Sales; minus
 
 (2) (a) cash payments made by the Borrower or any Restricted Subsidiary during such period in respect of Capital
Expenditures, Permitted Acquisitions, Investments and Restricted Payments (excluding Restricted Payments made pursuant to Sections 6.06(15), (16), or (17), Investments in Cash Equivalents and other items (including Investments and Restricted
Payments) that are eliminated in consolidation) and (b) cash payments that the Borrower or any Restricted Subsidiary is required to make in respect of Capital Expenditures, Permitted Acquisitions and Investments within 365 days after the end of
such period pursuant to binding obligations entered into prior to or during such period; provided that amounts described in this clause (b) will not reduce Excess Cash Flow in subsequent periods and, to the extent not so paid, will
increase Excess Cash Flow in the subsequent period; minus  
 (3) cash payments made by the Borrower or any Restricted
Subsidiary during such period in respect of (a) long-term liabilities other than Indebtedness or (b) items for which an accrual or reserve was established in a prior period; minus  

(4) (a) cash payments made by the Borrower or any Restricted Subsidiary during such period in respect of Taxes (including
distributions to any Parent Entity in respect of Taxes), to the extent such payments exceed the amount of tax expense deducted in calculating such Consolidated Net Income (except to the extent financed with any portion of the gross sale proceeds
received by the Borrower or a Restricted Subsidiary in respect of the sale component of any Specified Sale and Lease-Back Transaction that is retained for application towards any taxes or distributions made pursuant to Section 6.06(5) or
6.06(6)(a) paid or reasonably estimated to be payable in connection with such sale component of such Specified Sale and Lease-Back Transaction), and (b) cash payments that the Borrower or any Restricted Subsidiary will be required to make in
respect of Taxes (including distributions to any Parent Entity in respect of Taxes) within 180 days after the end of such period; provided that amounts described in this clause (b) will not reduce Excess Cash Flow in subsequent periods;
minus  
 (5) all cash payments and other cash expenditures made by the Borrower or any Restricted Subsidiary during
such period (a) with respect to items that were excluded in the calculation of such Consolidated Net Income pursuant to clauses (1) through (19) of the definition of Consolidated Net Income or (b) that were not expensed during
such period in accordance with GAAP; minus  

  
 -21- 

 (6) all non-cash credits included in calculating such Consolidated Net
Income (including insured or indemnified losses referred to in clauses (16) and (17) of Consolidated Net Income to the extent not reimbursed in cash during such period); minus  

(7) an amount equal to the sum of (a) the increase in the Working Capital of the Borrower during such period, if any,
plus (b) the increase in long-term accounts receivable of the Borrower and the Restricted Subsidiaries, if any (other than any such increases contemplated by clauses (a) and (b) of this clause (7) that are directly
attributable to acquisitions of a Person or business unit by the Borrower and the Restricted Subsidiaries during such period); plus  

(8) all non-cash charges, losses and expenses of the Borrower or any Restricted Subsidiary that were deducted in calculating
such Consolidated Net Income; plus  
 (9) all cash payments received by the Borrower or any Restricted Subsidiary
during such period pursuant to Hedge Agreements that were not treated as revenue or net income under GAAP; plus  

(10) an amount equal to the sum of (a) the decrease in Working Capital of the Borrower during such period, if any,
plus (b) the decrease in long-term accounts receivable of the Borrower and the Restricted Subsidiaries, if any; plus  

(11) all amounts referred to in clauses (1), (2) and (3) above to the extent funded with the proceeds of the issuance
or the incurrence of Indebtedness (other than proceeds of revolving loans), the sale or issuance of Equity Interests, Specified Sale and Lease-Back Net Proceeds or any loss, damage, destruction or condemnation of, or any sale, transfer or other
disposition to any Person of, any assets. 
 “Excess Cash Flow Period” means each fiscal year of the Borrower. 

“Exchange Act” means the Securities Exchange Act of 1934, as amended. 

“Excluded Contributions” means, as of any date, the aggregate amount of the net cash proceeds and Cash Equivalents,
together with the aggregate fair market value (determined in good faith by a Responsible Officer of the Borrower) of other assets that are used or useful in a business permitted under Section 6.08, received by the Borrower after the Closing
Date from: 
  

	 	(1)	 contributions to its common equity capital; or 

 

	 	(2)	 the sale of Capital Stock of the Borrower; 

in each case, designated as Excluded Contributions pursuant to a certificate of a Responsible Officer of the Borrower on the date such contribution is made or
such Capital Stock is sold; provided that the proceeds of Disqualified Stock and any net cash proceeds that are used prior to such date (A) to make Restricted Payments under Section 6.06(1) or Section 6.06(2)(b), (B) to
make an Investment under Section 6.04(3), a Restricted Payment under Section 6.06(15) or a payment in respect of Junior Financing under Section 6.09(2)(a), in each case utilizing the Available Amount or (C) for Contribution
Indebtedness, will not be treated as Excluded Contributions. 
 “Excluded Equity Interests” means “Excluded
Equity Interests” as defined in the Security Agreement. 
 “Excluded Indebtedness” means all Indebtedness
not incurred in violation of Section 6.01. 
 “Excluded Property” means “Excluded Property” as
defined in the Security Agreement. 
 “Excluded Subsidiary” means any direct or indirect Subsidiary of the Borrower
(if and to the extent such Subsidiary is not a borrower or guarantor under the Second Lien Credit Agreement or the ABL Credit Agreement) that: 

  
 -22- 

 (1) is a Foreign Subsidiary (and, for the avoidance of doubt, all Foreign
Subsidiaries will be excluded from any requirement to be a Guarantor, regardless of whether any such Foreign Subsidiary also constitutes a “controlled foreign corporation” within the meaning of section 957(a) of the Code (a
“CFC”)); 
 (2) has no material assets other than the capital stock or capital stock and debt
of one or more Foreign Subsidiaries (a “FSHCO”) and/or one or more other FSHCOs; 
 (3) is a Domestic
Subsidiary of a Foreign Subsidiary or of a FSHCO; 
 (4) is not wholly-owned, directly or indirectly, by the Borrower;

 (5) is an Unrestricted Subsidiary; 

(6) is a Captive Insurance Company; 

(7) is a not-for-profit entity; 

(8) is a special purpose entity used for securitization facilities (including any Receivables Subsidiary) or like special
purposes; 
 (9) is an Immaterial Subsidiary; 

(10) is prohibited or restricted by applicable law or binding contractual obligation (so long as such obligation is not
incurred in anticipation of the Closing Date or, in the case of an acquisition of a Subsidiary, such obligation is not incurred in contemplation of such acquisition), including any requirement to obtain the consent of any Governmental Authority or
third party (other than a Loan Party), unless such consent has been obtained; or 
 (11) if such Subsidiary guarantees the
Obligations under the Tranche B Term Loan Facility, the cost of such guarantee would be excessive relative to the expected benefits to be obtained by the Tranche B Term Loan Lenders and other Secured Parties from such guarantee (as reasonably
determined by the Borrower and the Administrative Agent in good faith); or 
 (12) would be an Immaterial Subsidiary except
for its fee simple ownership interest in Real Property; provided that such Subsidiary (x) complies with the requirements of Section 5.10(2) with respect to any such Real Property and (y) provides a Limited Recourse Guaranty. 

Notwithstanding the foregoing, the Borrower may elect, in consultation with the Administrative Agent, to cause any Excluded Subsidiary (other
than an Unrestricted Subsidiary or any Subsidiary that is not a Wholly Owned Subsidiary of the Borrower) to become a Guarantor; provided that with respect to any Subsidiary that is not a Domestic Subsidiary, the Required Lenders shall have
granted their consent to such Subsidiary becoming a Guarantor taking into account the local laws and regulations in the jurisdiction of such Subsidiary’s organization and operations, and the availability and enforceability of guarantees and
security to be provided by such Subsidiary, and all documentation of such guarantees and security and related filings (if applicable) shall be in form and substance satisfactory to the Required Lenders. 

“Excluded Swap Obligation” means, with respect to any Guarantor or any Limited Guarantor, any Swap Obligation if, and
to the extent that, all or a portion of the guarantee of such Guarantor or the Limited Recourse Guaranty of such Limited Guarantor, as applicable, of, or the grant by such Guarantor of a security interest to secure or the grant by such Limited
Guarantor of a Mortgage to secure, such Swap Obligation (or any Guarantee or Limited Recourse Guaranty thereof) is or becomes illegal under the Commodity Exchange Act or any rule, regulation or order of the Commodity Futures Trading Commission (or
the application or official interpretation of any thereof) by virtue of such Guarantor’s or Limited Guarantor’s, as applicable, failure for any reason to constitute an “eligible contract participant” as defined in the Commodity
Exchange Act and the regulations thereunder at the time the 

  
 -23- 

 
guarantee of such Guarantor or Limited Guarantor, as applicable, or the grant of such security interest becomes effective with respect to such Swap Obligation. If a Swap Obligation arises under a
master agreement governing more than one swap, such exclusion shall apply only to the portion of such Swap Obligation that is attributable to swaps for which such Guarantee, Limited Recourse Guarantee or security interest is or becomes illegal. 

“Excluded Taxes” means, with respect to any Recipient of any payment to be made by or on account of any obligation of
any Loan Party hereunder: 
 (1) Taxes imposed on or measured by its net income (however denominated) or franchise Taxes
imposed in lieu of net income Taxes, and branch profits Taxes, in each case, (a) imposed as a result of such Recipient being organized under the laws of, or having its principal office or, in the case of any Lender, its applicable Lending
Office located in, the jurisdiction imposing such Tax (or any political subdivision thereof) or (b) that are Other Connection Taxes; 

(2) any U.S. federal withholding Tax imposed on amounts payable hereunder to or for the account of a Recipient under any law
applicable at the time such Recipient becomes a party to this Agreement (other than pursuant to an assignment request by the Borrower pursuant to Section 2.16 or in the case of a Lender, under any law applicable at the time such Lender changes
its Lending Office), except to the extent that the Recipient’s assignor (if any), at the time of assignment (or such Lender immediately before it changed its Lending Office), was entitled to receive additional amounts from the Loan Party with
respect to any withholding Tax pursuant to Section 2.14(1) or Section 2.14(3); 
 (3) Taxes that are attributable
to such Lender’s or Administrative Agent’s failure to comply with Section 2.14(5) or Section 2.14(6); and 

(4) any Taxes imposed under FATCA. 

“Executive Order” has the meaning assigned to such term in Section 3.19(3)(a). 

“Existing ABL Credit Agreement” means that certain ABL Credit Agreement (as the same may have been amended, restated,
modified, supplemented, extended, renewed, refunded, replaced or refinanced from time to time in one or more agreements prior to the Closing Date), dated as of September 30, 2011, by and among, the Borrower, Holdings, General Electric Capital
Corporation (“GECC”), as administrative agent, GECC and Wells Fargo Bank, National Association, as co-collateral agents and the lenders party thereto from time to time. 

“Existing First Lien Term Loan Agreement” has the meaning assigned to such term in the recitals hereto. 

“Existing Second Lien Credit Agreement” means that certain Second Lien Credit Agreement (as the same may have been
amended, restated, modified, supplemented, extended, renewed, refunded, replaced or refinanced from time to time in one or more agreements prior to the Closing Date), dated as of September 30, 2011, by and among, the Borrower, Holdings, DBNY,
as administrative agent and the lenders party thereto from time to time. 
 “Extended Term Loan Installment Date”
has the meaning assigned to such term in Section 2.06(2). 
 “Extended Term Loans” has the meaning assigned to
such term in Section 2.20(1). 
 “Extending Term Lender” has the meaning assigned to such term in
Section 2.20(1). 
 “Extension” has the meaning assigned to such term in Section 2.20(1). 

“Extension Amendment” has the meaning assigned to such term in Section 2.20(2). 

“Extension Offer” has the meaning assigned to such term in Section 2.20(1). 

  
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 “FATCA” means Sections 1471 through 1474 of the Code, as of the date
of this Agreement (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof, any agreements entered into pursuant to
Section 1471(b)(1) of the Code as of the date of this Agreement (or any amended or successor version as described above), and any fiscal or regulatory legislation, rules or practices adopted pursuant to any intergovernmental agreement entered
into in connection with the implementation of such Sections of the Code. 
 “FCPA” has the meaning assigned to such
term in Section 3.19(2). 
 “Federal Funds Rate” means, for any day, the rate calculated by the Federal Reserve
Board of New York based on such day’s federal funds transactions by depositary institutions, as determined in such manner as the Federal Reserve Board of New York shall set forth on its public website from time to time, and published on the
next succeeding Business Day by the Federal Reserve Board of New York as the federal funds rate, or, if such rate is not so published for any Business Day, the average (rounded upwards, if necessary, to the next 1/100 of 1.00%) of the quotations for
such day for such transactions received by the Administrative Agent from three U.S. banks of recognized standing selected by it. 

“Fees” means the Administrative Agent Fees and all other fees payable to a Lender, the Administrative Agent, or any
Arranger, in each case, with respect to Term Loans. 
 “Financial Officer” means, with respect to any Person, the
chief financial officer, president, principal accounting officer, director of financial services, treasurer, assistant treasurer or controller of such Person. 

“First Lien Intercreditor Agreement” means a “pari passu” intercreditor agreement in form and
substance reasonably satisfactory to the Collateral Agent. Upon the request of the Borrower, the Administrative Agent and Collateral Agent will execute and deliver a First Lien Intercreditor Agreement with the Loan Parties and one or more Debt
Representatives for Indebtedness permitted hereunder that is permitted to be secured on a pari passu basis with the Term Loans. 

“Fixed Amounts” has the meaning assigned to such term in Section 1.07(b). 

“Flood Certificate” means a life of loan “Standard Flood Hazard Determination Form” of the Federal Emergency
Management Agency and any successor Governmental Authority performing a similar function. 
 “Flood Program” means
the National Flood Insurance Program created by the U.S. Congress pursuant to the National Flood Insurance Act of 1968, the Flood Disaster Protection Act of 1973, the National Flood Insurance Reform Act of 1994, the Flood Insurance Reform Act of
2004, and the Biggert-Waters Flood Insurance Reform Act of 2012, in each case as amended from time to time, and any successor statutes. 

“Flood Zone” means areas having special flood hazards as described in the National Flood Insurance Act of 1968, as
amended from time to time, and any successor statute. 
 “Foreign Lender” means any Lender that is organized under
the laws of a jurisdiction other than the United States of America. For purposes of this definition, the United States of America, each state thereof and the District of Columbia will be deemed to constitute a single jurisdiction. 

“Foreign Subsidiary” means any Subsidiary that is not a Domestic Subsidiary. 

“FSHCO” has the meaning assigned to such term in clause (2) of the definition of Excluded Subsidiary. 

“GAAP” means generally accepted accounting principles in the United States of America as in effect from time to time,
including those set forth in the opinions and pronouncements of the Accounting Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or in such other
statements by such other entity as approved by a significant segment of the 

  
 -25- 

 
accounting profession (but excluding the policies, rules and regulations of the SEC applicable only to public companies). 

Notwithstanding anything to the contrary above or in the definition of Capital Lease Obligations or Capital Expenditures, in the event of a
change under GAAP (or the application thereof) requiring any leases to be capitalized that are not required to be capitalized as of the Closing Date, only those leases that would result or would have resulted in Capital Lease Obligations or Capital
Expenditures on the Closing Date (assuming for purposes hereof that they were in existence on the Closing Date) will be considered capital leases and all calculations under this Agreement will be made in accordance therewith. 

“Governmental Authority” means any federal, state, local or foreign court or governmental agency, authority,
instrumentality or regulatory or legislative body. 
 “Guarantee” of or by any Person (the
“guarantor”) means: 
 (1) any obligation, contingent or otherwise, of the guarantor guaranteeing or
having the economic effect of guaranteeing any Indebtedness or other obligation payable or performable by another Person (the “primary obligor”) in any manner, whether directly or indirectly, and including any obligation of
the guarantor, direct or indirect: 
 (a) to purchase or pay (or advance or supply funds for the purchase or payment of) such
Indebtedness or other obligation (whether arising by virtue of partnership arrangements, by agreement to keep well, to purchase assets, goods, securities or services, to take or pay or otherwise) or to purchase (or to advance or supply funds for the
purchase of) any security for the payment of such Indebtedness or other obligations; 
 (b) to purchase or lease property,
securities or services for the purpose of assuring the owner of such Indebtedness or other obligation of the payment thereof; 

(c) to maintain working capital, equity capital or any other financial statement condition or liquidity of the primary obligor
so as to enable the primary obligor to pay such Indebtedness or other obligation; 
 (d) entered into for the purpose of
assuring in any other manner the holders of such Indebtedness or other obligation of the payment thereof or to protect such holders against loss in respect thereof (in whole or in part); or 

(e) as an account party in respect of any letter of credit, bank guarantee or other letter of credit guaranty issued to support
such Indebtedness or other obligation; or 
 (2) any Lien on any assets of the guarantor securing any Indebtedness (or any
existing right, contingent or otherwise, of the holder of Indebtedness to be secured by such a Lien) of any other Person, whether or not such Indebtedness or other obligation is assumed by the guarantor; 

provided, that the term “Guarantee” will not include endorsements of instruments for deposit or collection in the ordinary course of business
or customary and reasonable indemnity obligations in effect on the Closing Date or entered into in connection with any acquisition or disposition of assets permitted by this Agreement (other than such obligations with respect to Indebtedness). 

The amount of any Guarantee will be deemed to be an amount equal to the stated or determinable amount of the Indebtedness in respect of which
such Guarantee is made or, if not stated or determinable, the maximum reasonably anticipated liability in respect thereof (assuming such Person is required to perform thereunder) as determined by such Person in good faith. 

  
 -26- 

 “Guarantor” means (1) Holdings; (2) each Subsidiary Loan
Party; and (3) each Parent Entity or Restricted Subsidiary (other than any Restricted Subsidiary that is not a Wholly Owned Subsidiary) that the Borrower may elect in its sole discretion, from time to time, upon written notice to the
Administrative Agent, to cause to Guarantee the Obligations until such date that the Borrower has informed the Administrative Agent that it elects not to have such Person Guarantee the Obligations; provided that, in the case of this clause
(3), the Guarantee and the security interest provided by such Person is full and unconditional and fully enforceable in the jurisdiction of organization of such Person. 

“Guaranty Agreement” means the Term Loan Guaranty Agreement substantially in the form of Exhibit K, dated as of
the Closing Date, among Holdings, each Subsidiary Loan Party and the Collateral Agent, as amended, supplemented and/or otherwise modified from time to time. 

“Hazardous Materials” means all pollutants, contaminants, wastes, chemicals, materials, substances and constituents,
including explosive or radioactive substances or petroleum or petroleum byproducts or distillates, friable asbestos or friable asbestos-containing materials, polychlorinated biphenyls or radon gas, in each case, that are regulated or would
reasonably be expected to give rise to liability under any Environmental Law. 
 “Hedge Agreement” means any
agreement with respect to any swap, forward, future or derivative transaction or option or similar agreement involving, or settled by reference to, one or more rates, currencies, commodities, equity or debt instruments or securities, or economic,
financial or pricing indices or measures of economic, financial or pricing risk or value or any similar transaction or any combination of these transactions, in each case, not entered into for speculative purposes; provided that no phantom
stock or similar plan providing for payments only on account of services provided by current or former directors, officers, employees or consultants of Holdings or any of its Subsidiaries will be a Hedge Agreement. 

“Holdings” has the meaning assigned to such term in the introductory paragraph hereof. 

“Immaterial Subsidiary” means, as of any date, any Subsidiary that (i) did not, as of the last day of the most
recent fiscal quarter of the Borrower for which Required Financial Statements have been delivered (or were required to be delivered), have assets with a value in excess of 2.50% of the Consolidated Total Assets or revenues representing in excess of
2.50% of total revenues of the Borrower and the Restricted Subsidiaries for the period of four consecutive fiscal quarters for which Required Financial Statements have been delivered (or were required to be delivered), calculated on a consolidated
basis in accordance with GAAP; and (ii) taken together with all Immaterial Subsidiaries as of the last day of the most recent fiscal quarter of the Borrower for which Required Financial Statements have been delivered (or were required to be
delivered), did not have assets with a value in excess of 5.00% of Consolidated Total Assets or revenues representing in excess of 5.00% of total revenues of the Borrower and the Restricted Subsidiaries on a consolidated basis for such four-quarter
period. 
 “Incremental Equivalent Term Debt” means secured or unsecured Indebtedness of the Borrower in the form of
term loans or notes; provided that: 
 (1) either (x) the aggregate outstanding principal amount of such
Indebtedness incurred, when taken together with the aggregate principal amount of Incremental Term Loans incurred in reliance on the Non-Ratio Based Incremental Facility Cap, does not exceed the Non-Ratio Based Incremental Facility Cap or
(y) (I) with respect to any such Indebtedness secured on a pari passu basis with the Tranche B Term Loans, the Senior Secured First Lien Net Leverage Ratio (determined on the date on which the Incremental Equivalent Term Debt is
incurred (and after giving effect to such incurrence) and after giving effect to any acquisition or other transaction consummated in connection with the incurrence of such Incremental Equivalent Term Debt) is equal to or less than 4.60 to 1.00, (II)
with respect to any such Indebtedness to be secured on a junior basis to the Tranche B Term Loans, the Total Secured Net Leverage Ratio (determined on the date on which the Incremental Equivalent Term Debt is incurred (and after giving effect to
such incurrence) and after giving effect to any acquisition or other transaction consummated in connection with the incurrence of such Incremental Equivalent Term Debt) is equal to or less than 5.90 to 1.00 and (III) with respect to any such
Indebtedness that is unsecured, the Total Net Leverage Ratio (determined on the date on which the applicable Incremental Equivalent Term Debt is incurred (and after giving effect to such incurrence) and after giving effect to any acquisition or
other transaction consummated in connection 

  
 -27- 

 
with the incurrence of such Incremental Equivalent Term Debt) is equal to or less than 5.90 to 1.00; provided that, for the avoidance of doubt, amounts under clause (x) and clause
(y) may be incurred in the same transaction and that amounts under clause (y) may be utilized prior to amounts under clause (x); 

(2) except for interim or bridge financings that provide for automatic conversion, subject to customary conditions, to
Indebtedness meeting the requirement for this clause (2), the final maturity date of such Incremental Equivalent Term Debt may not be earlier than the Latest Maturity Date of the Tranche B Term Loans (and in the case of any junior secured or
unsecured Incremental Equivalent Term Debt, the final maturity date may not be earlier than the date that is 91 days after the Latest Maturity Date of the Tranche B Term Loans); 

(3) except for interim or bridge financings that provide for automatic conversion, subject to customary conditions, to
Indebtedness meeting the requirement for this clause (3), the Weighted Average Life to Maturity of such Incremental Equivalent Term Debt may be no shorter than the longest remaining Weighted Average Life to Maturity of the Tranche B Term Loans; 

(4) if such Indebtedness is secured on a pari passu basis with the Tranche B Term Loans: (a) such Indebtedness
consist of notes, (b) a Debt Representative acting on behalf of the holders of such Indebtedness has become party to or is otherwise subject to the provisions of a First Lien Intercreditor Agreement and, if applicable, the Intercreditor
Agreement, (c) such Indebtedness is not secured by any assets or property of Holdings, the Borrower or any Restricted Subsidiary that does not constitute Collateral and (d) such Indebtedness is not guaranteed by any Subsidiary of the
Borrower other than a Subsidiary Loan Party; and 
 (5) if such Indebtedness is secured on a junior basis to the Tranche B
Term Loans: (a) a Debt Representative acting on behalf of the holders of such Indebtedness has become party to or is otherwise subject to the provisions of a Junior Lien Intercreditor Agreement and, if applicable, the Intercreditor Agreement,
(b) such Indebtedness is not secured by any assets or property of Holdings, the Borrower or any Restricted Subsidiary that does not constitute Collateral and (c) such Indebtedness is not guaranteed by any Subsidiary of the Borrower other
than a Subsidiary Loan Party. 
 Incremental Equivalent Term Debt will include any Registered Equivalent Notes issued in exchange therefor. 

“Incremental Facility” has the meaning assigned to such term in Section 2.18(1). 

“Incremental Facility Amendment” has the meaning assigned to such term in Section 2.18(5). 

“Incremental Lenders” has the meaning assigned to such term in Section 2.18(5). 

“Incremental Term Loan Installment Date” has the meaning assigned to such term in Section 2.06(2). 

“Incremental Term Loans” has the meaning assigned to such term in Section 2.18(1). 

“Incremental Yield” has the meaning assigned to such term in Section 2.18(8). 

“Indebtedness” means, with respect to any Person, without duplication: 

(1) all obligations of such Person for borrowed money; 

(2) all obligations of such Person evidenced by bonds, debentures, notes or similar instruments; 

(3) all obligations of such Person under conditional sale or title retention agreements relating to property or assets
purchased by such Person; 

  
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 (4) all obligations of such Person issued or assumed as the deferred
purchase price of property or services, to the extent the same would be required to be shown as a long-term liability on a balance sheet prepared in accordance with GAAP; 

(5) all Capital Lease Obligations of such Person; 

(6) all net payments that such Person would have to make in the event of an early termination, on the date Indebtedness of such
Person is being determined, in respect of outstanding Hedge Agreements; 
 (7) the principal component of all obligations,
contingent or otherwise, of such Person as an account party in respect of letters of credit and bank guarantees; 
 (8) the
principal component of all obligations of such Person in respect of bankers’ acceptances; 
 (9) all Attributable
Indebtedness; 
 (10) all Guarantees by such Person of Indebtedness described in clauses (1) through (9) above; and

 (11) the amount of all obligations of such Person with respect to the redemption, repayment or other repurchase of any
Disqualified Stock (excluding accrued dividends that have not increased the liquidation preference of such Disqualified Stock); 
 provided that
Indebtedness will not include: 
 (a) trade payables, accrued expenses and intercompany liabilities arising in the ordinary
course of business; 
 (b) prepaid or deferred revenue arising in the ordinary course of business; 

(c) purchase price holdbacks arising in the ordinary course of business in respect of a portion of the purchase prices of an
asset to satisfy unperformed obligations of the seller of such asset; or 
 (d) earn-out obligations until such obligations
become a liability on the balance sheet of such Person in accordance with GAAP. 
 The Indebtedness of any Person will include the Indebtedness of any
partnership in which such Person is a general partner, other than to the extent that the instrument or agreement evidencing such Indebtedness expressly limits the liability of such Person in respect thereof. 

“Indemnified Taxes” means (1) all Taxes other than Excluded Taxes, imposed on or with respect to any payment,
made by or on account of any obligation of any Loan Party under any Loan Document; and (2) to the extent not otherwise described in clause (1), Other Taxes. 

“Indemnitee” has the meaning assigned to such term in Section 10.05(2). 

“Initial ABL Borrowing” means one or more borrowings of loans or issuances or deemed issuances of letters of credit
under the ABL Credit Facilities on the Closing Date. 
 “Initial Second Lien Borrowing” means the borrowing of term
loans under the Second Lien Credit Facility on the Closing Date. 
 “Intellectual Property Rights” has the meaning
assigned to such term in Section 3.20(1). 

  
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 “Intellectual Property Security Agreements” has the meaning set
forth in Section 3.14(1). 
 “Intercreditor Agreement” means the Intercreditor Agreement, dated as of the
Closing Date, by and among the Administrative Agent, the Collateral Agent, Jefferies Finance LLC, as administrative and collateral agent under the Second Lien Credit Agreement and Wells Fargo Bank, National Association, as administrative agent and
collateral agent under the ABL Credit Agreement, and acknowledged by the Loan Parties, as amended, restated, supplemented and/or otherwise modified from time to time. 

“Interest Coverage Ratio” means, as of any date, the ratio of (1) the Consolidated EBITDA for the most recent
period of four consecutive fiscal quarters for which Required Financial Statements have been delivered, calculated on a Pro Forma Basis, to (2) the sum of (a) the Consolidated Interest Expense of the Borrower for such period, calculated on
a Pro Forma Basis, and (b) all cash dividend payments (excluding items eliminated in consolidation) on any series of Disqualified Stock of the Borrower or preferred stock of any of the Restricted Subsidiaries, in each case, made during such
period. 
 “Interest Election Request” means a written request by the Borrower to convert or continue a Borrowing in
accordance with Section 2.04. 
 “Interest Payment Date” means (1) with respect to any Eurocurrency Loan,
the last day of the Interest Period applicable to the Borrowing of which such Term Loan is a part and, in the case of a Eurocurrency Borrowing with an Interest Period of more than three months’ duration, each day that would have been an
Interest Payment Date had successive Interest Periods of three months’ duration been applicable to such Borrowing; and (2) with respect to any ABR Loan, the last Business Day of each fiscal quarter of the Borrower commencing with the last
Business Day of the first full fiscal quarter of the Borrower after the Closing Date. 
 “Interest Period” means, as
to any Eurocurrency Borrowing, the period commencing on the date of such Borrowing or on the last day of the immediately preceding Interest Period applicable to such Borrowing, as applicable, and ending on the numerically corresponding day (or, if
there is no numerically corresponding day, on the last day) in the calendar month that is one, two, three or six months thereafter, as the Borrower may elect, or the date any Eurocurrency Borrowing is converted to an ABR Borrowing in accordance with
Section 2.04 or repaid or prepaid in accordance with Section 2.06, 2.07 or 2.08; provided that: 
 (1) if
any Interest Period would end on a day other than a Business Day, such Interest Period will be extended to the next succeeding Business Day unless such next succeeding Business Day would fall in the next calendar month, in which case such Interest
Period will end on the next preceding Business Day; 
 (2) any Interest Period that begins on the last Business Day of a
calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) will end on the last Business Day of the calendar month at the end of such Interest Period; 

(3) no Interest Period will extend beyond the applicable Maturity Date. Interest will accrue from and including the first day
of an Interest Period to but excluding the last day of such Interest Period; and 
 (4) the initial Interest Period,
commencing on the Closing Date, will end on March 3, 2017. 
 “Interpolated Screen Rate” means, at any day,
with respect to any Eurocurrency Loan denominated in any currency for any Interest Period, a rate per annum which results from interpolating on a linear basis between (a) the applicable Screen Rate for the longest maturity for which a Screen
Rate is available that is shorter than such Interest Period and (b) the applicable Screen Rate for the shortest maturity for which a Screen Rate is available that is longer than such Interest Period, in each case, as of approximately 11:00 a.m.
(London time) on such day. 
 “Investment” has the meaning assigned to such term in Section 6.04. 

  
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 “Investment Grade Rating” means a rating equal to or higher than
Baa3 (or the equivalent) by Moody’s and BBB- (or the equivalent) by S&P (or reasonably equivalent ratings of another internationally recognized rating agency). 

“Investment Grade Securities” means: 

(1) securities issued or directly and fully guaranteed or insured by the U.S. government or any agency or instrumentality
thereof (other than Cash Equivalents); 
 (2) securities that have an Investment Grade Rating, but excluding any debt
securities or instruments constituting loans or advances among the Borrower and its Restricted Subsidiaries; 
 (3)
corresponding instruments in countries other than the United States customarily utilized for high quality investments and in each case with maturities not exceeding two years from the date of acquisition; and 

(4) investments in any fund that invests at least 95.0% of its assets in investments of the type described in clauses
(1) and (2) above which fund may also hold immaterial amounts of cash pending investment and/or distribution. 

“Junior Financing” means (1) any Indebtedness permitted to be incurred hereunder that is contractually
subordinated in right of payment to the Obligations or secured by Liens that are contractually subordinated to the Liens securing the Obligations (other than the ABL Obligations), (2) the Second Lien Term Loans or (3) any Permitted
Refinancing Indebtedness in respect of any of the foregoing. 
 “Junior Lien Intercreditor Agreement” means a
“junior lien” intercreditor agreement in form and substance reasonably satisfactory to the Collateral Agent, or, if requested by the providers of Indebtedness to be secured on a junior basis to the Tranche B Term Loans, another lien
subordination agreement satisfactory to the Collateral Agent. Upon the request of the Borrower, the Administrative Agent and Collateral Agent will execute and deliver a Junior Lien Intercreditor Agreement with the Loan Parties and one or more Debt
Representatives for Indebtedness permitted hereunder that is permitted to be secured on a junior basis to the Tranche B Term Loans. 

“Latest Maturity Date” means, as of any date of determination, the latest Maturity Date of the Term Facilities in
effect on such date. 
 “LCA Election” has the meaning assigned to such term in Section 1.07(a). 

“Leased Material Real Property” has the meaning assigned to such term in Section 3.15(2). 

“Lender” means each Tranche B Term Loan Lender listed on Schedule 2.01 (other than any such Person that has
ceased to be a party hereto pursuant to an Assignment and Acceptance in accordance with Section 10.04), as well as any Person that becomes a Lender hereunder pursuant to Section 10.04 and any Additional Lender. 

“Lender Default” means: 

(1) the refusal (which has not been retracted) or failure of any Lender to make available its portion of any Borrowing; 

(2) any Lender has notified the Borrower or the Administrative Agent that it does not intend to comply with its funding
obligations or has made a public statement to that effect with respect to its funding obligations under the Term Facility or under other similar agreements in which it commits to extend credit; 

(3) the admission by any Lender in writing that it is insolvent or such Lender becoming subject to a Lender-Related Distress
Event; or 

  
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 (4) any Lender becoming subject to a Bail-In Action. 

“Lender-Related Distress Event” means, with respect to any Lender or any Person that directly or indirectly controls a
Lender (each, a “Distressed Person”), as the case may be, a voluntary or involuntary case with respect to such Distressed Person under any debt relief law, or a custodian, conservator, receiver or similar official is
appointed for such Distressed Person or any substantial part of such Distressed Person’s assets, or such Distressed Person or any Person that directly or indirectly controls such Distressed Person is subject to a forced liquidation, or such
Distressed Person makes a general assignment for the benefit of creditors or is otherwise adjudicated as, or determined by any Governmental Authority having regulatory authority over such Distressed Person or its assets to be, insolvent or bankrupt;
provided that a Lender-Related Distress Event will not be deemed to have occurred solely by virtue of the ownership or acquisition of any Equity Interests in any Lender or any Person that directly or indirectly controls such Lender by a
Governmental Authority or an instrumentality thereof; provided, further, that the appointment of an administrator, provisional liquidator, conservator, receiver, trustee, custodian or other similar official by a supervisory authority
or regulator with respect to an Agent or Lender or any person that directly or indirectly controls such Agent or Lender under the Dutch Financial Supervision Act 2007 (as amended from time to time and including any successor legislation) shall not
be a “Lender-Related Distress Event” with respect to such Agent or Lender or any person that directly or indirectly controls such Agent or Lender. 

“Lending Office” means, as to any Lender, the applicable branch, office or Affiliate of such Lender designated by such
Lender to make Term Loans. 
 “LGP” means Leonard Green & Partners, L.P. and any of its Affiliates and
funds or partnerships managed or advised by any of them or any of their respective Affiliates but not including, however, any portfolio company of any of the foregoing. 

“LIBO Rate” means with respect to any Eurocurrency Borrowing for any Interest Period, the London interbank offered
rate as administered by the ICE Benchmark Administration Interest Settlement Rates (or by reference to the rates provided by any Person that takes over the administration of such rate if the ICE Benchmark Administration is no longer making a
“LIBO Rate” rate available) at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such Interest Period, for Dollar deposits (for delivery on the first day of such Interest Period) with a term equivalent
to such Interest Period (as set forth by the Bloomberg Information Service or any successor thereto or any other service selected by the Administrative Agent that has been nominated by the ICE Benchmark Administration (or any successor or substitute
agency thereto) as an authorized information vendor for the purpose of displaying such rates) (the “Screen Rate”); provided that if such Screen Rate is not available at such time for any reason, the extent that an
interest rate is not ascertainable pursuant to the foregoing provisions of this definition, “LIBO Rate” shall be the interest rate per annum equal to the Interpolated Screen Rate; further provided, however, if the LIBO Rate
is less than zero, then the LIBO Rate shall be zero. 
 “Lien” means, with respect to any asset (1) any
mortgage, deed of trust, lien, hypothecation, pledge, charge, security interest or similar encumbrance in or on such asset; or (2) the interest of a vendor or a lessor under any conditional sale agreement, capital lease or title retention
agreement (or any financing lease having substantially the same economic effect as any of the foregoing) relating to such asset; provided that in no event will an operating lease, any capital lease in respect of Real Property permitted
hereunder, or an agreement to sell be deemed to constitute a Lien. 
 “Limited Condition Acquisition” means
(a) any Permitted Change of Control and (b) any acquisition, including by way of merger, by the Borrower or one or more Restricted Subsidiaries permitted pursuant to the Loan Documents whose consummation is not conditioned on the
availability of, or on obtaining, third party financing, or a Permitted Change of Control. 
 “Limited Guarantor”
means each Restricted Subsidiary that is a limited guarantor under a Limited Recourse Guaranty, in its capacity as limited guarantor thereunder. 

“Limited Recourse Guaranty” means each First Lien Term Limited Recourse Guaranty substantially in the form of
Exhibit I between the Restricted Subsidiary identified therein, as limited guarantor, and the Administrative Agent. 

  
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 “Loan Documents” means this Agreement, the Security Documents, the
Intercreditor Agreement, any First Lien Intercreditor Agreement, any Junior Lien Intercreditor Agreement and any Note. 
 “Loan
Parties” means Holdings, the Borrower and the Subsidiary Loan Parties. 
 “Management Agreement” means
(i) at any time prior to a Permitted Change of Control, the Sponsor Management Agreement and (ii) thereafter any monitoring, management, fee or similar or related agreements providing for the payment (or accrual) of an annual monitoring,
management or similar fee to the Sponsors or any Affiliate of Sponsors in an aggregate amount equal to or less than $8.0 million per annum for any period commencing on or after the Permitted Change of Control Effective Date (with prorated amounts
payable for any partial year periods and any amounts not paid in any period beginning on the Closing Date accruing and payable upon request of the Sponsors in future periods). 

“Management Group” means (i) at any time prior to a Permitted Change of Control, the group consisting of the
directors, executive officers and other management personnel of Holdings, the Borrower or the Restricted Subsidiaries on the Closing Date and (ii) thereafter, the group consisting of directors, executive officers and other management personnel
of Holdings, the Borrower or the Restricted Subsidiaries on the Permitted Change of Control Effective Date (after giving effect to such Permitted Change of Control). 

“Margin Stock” has the meaning assigned to such term in Regulation U. 

“Material Adverse Effect” means a material adverse effect on: 

(1) the business, financial condition or results of operations, in each case, of the Borrower and the Restricted Subsidiaries
(taken as a whole); 
 (2) the ability of the Borrower and the Guarantors (taken as a whole) to perform their payment
obligations under the Loan Documents; or 
 (3) the rights and remedies of the Administrative Agent and the Lenders (taken as
a whole) under the Loan Documents. 
 “Material Indebtedness” means Indebtedness (other than the Term Loans) of the
Borrower or any Subsidiary Loan Party in an aggregate outstanding principal amount exceeding $35.0 million. 
 “Material
Subsidiary” means any Restricted Subsidiary other than an Immaterial Subsidiary. 
 “Maturity Date”
means, as the context may require: 
 (1) with respect to all Term Loans (including all Tranche B Term Loans) existing on the
Closing Date, February 3, 2024; 
 (2) with respect to any Incremental Term Loans, the final maturity date specified
therefor in the applicable Incremental Facility Amendment; 
 (3) with respect to any Other Term Loans, the final maturity
date specified therefor in the applicable Refinancing Amendment; and 
 (4) with respect to any Extended Term Loans, the
final maturity date specified therefor in the applicable Extension Amendment. 
 “Maximum Rate” has the meaning
assigned to such term in Section 10.09. 
 “MNPI” means any material Nonpublic Information regarding Holdings
and the Subsidiaries that has not been disclosed to the Lenders generally (other than Lenders who elect not to receive such information). For purposes 

  
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of this definition “material Nonpublic Information” means nonpublic information that would reasonably be expected to be material to a decision by any Lender to assign or acquire any
Term Loans or to enter into any of the transactions contemplated thereby. 
 “Moody’s” means Moody’s
Investors Service, Inc. 
 “Mortgage Policies” has the meaning assigned to such term in Section 5.10(2)(c).

 “Mortgaged Properties” means the Real Property described on Schedule 3.15(3) and all additional Real Property as
to which the Collateral Agent for the benefit of the Secured Parties shall be granted a Lien pursuant to the Mortgages. 

“Mortgages” means each of the mortgages and deeds of trust made by any Loan Party, reasonably acceptable to the
Administrative Agent, in favor of, or for the benefit of, the Collateral Agent for the benefit of the Secured Parties, as the same may be amended, supplemented, replaced and/or otherwise modified from time to time. 

“Multiemployer Plan” means a multiemployer plan as defined in Section 4001(a)(3) of ERISA to which Holdings, the
Borrower or any Restricted Subsidiary or any ERISA Affiliate (other than one considered an ERISA Affiliate only pursuant to subsection (m) or (o) of Code Section 414) is making or accruing an obligation to make contributions, or has
within any of the preceding five plan years made or accrued an obligation to make contributions. 
 “Net Cash
Proceeds” means the aggregate cash proceeds (using the fair market value of any Cash Equivalents) received by the Borrower or any Restricted Subsidiary in respect of any Asset Sale (including any cash received in respect of or upon the
sale or other disposition of any Designated Non-Cash Consideration received in any Asset Sale and any cash payments received by way of deferred payment of principal pursuant to a note or installment receivable or otherwise, but only as and when
received, and including any proceeds received as a result of unwinding any related Hedge Agreements in connection with such transaction but excluding the assumption by the acquiring Person of Indebtedness relating to the disposed assets or other
consideration received in any other non-cash form), net of the direct cash costs relating to such Asset Sale and the sale or disposition of such Designated Non-Cash Consideration (including legal, accounting and investment banking fees, and
brokerage and sales commissions), and any relocation expenses incurred as a result thereof, taxes paid or payable as a result thereof (after taking into account any available tax credits or deductions and any tax sharing arrangements related
thereto), amounts required to be applied to the repayment of principal, premium (if any) and interest on Indebtedness required to be paid as a result of such transaction that is secured by a Permitted Lien that is prior or senior to the Lien
securing the Obligations, any costs associated with unwinding any related Hedge Agreements in connection with such transaction and any deduction of appropriate amounts to be provided by the Borrower or any of the Restricted Subsidiaries as a reserve
in accordance with GAAP against any liabilities associated with the asset disposed of in such transaction and retained by the Borrower or any of the Restricted Subsidiaries after such sale or other disposition thereof, including pension and other
post-employment benefit liabilities and liabilities related to environmental matters or against any indemnification obligations associated with such transaction; provided that such reserved amounts will be deemed to be Net Cash Proceeds to
the extent and at the time of any reversal thereof (to the extent not applied to the satisfaction of any applicable liabilities in cash in a corresponding amount). For purposes of Section 2.08(1), no cash proceeds realized in connection with a
transaction or series of related transactions constituting an Asset Sale will be deemed to be Net Cash Proceeds unless (a) such net cash proceeds exceed $20,000,000 and (y) the aggregate amount of all net cash proceeds in such fiscal year
exceeds $30,000,000 (and thereafter only net cash proceeds in excess of such amount shall constitute Net Cash Proceeds); provided further, that “Net Cash Proceeds” shall not include, or apply to, the proceeds of the sale component
of any Specified Sale and Lease-Back Transaction, which proceeds shall be governed by the definition of “Specified Sale and Lease-Back Net Proceeds”. 

“New Sponsor” means any entity or group of entities with committed capital or assets under management in excess of
$1,000,000,000 or otherwise reasonably acceptable to the Required Lenders, in either case, together with any co-investors. 

“New York Courts” has the meaning assigned to such term in Section 10.15(1). 

  
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 “No MNPI Representation” means, with respect to any Person, a
customary representation that such Person is not in possession of any MNPI. 
 “Non-Consenting Lender” has the
meaning assigned to such term in Section 2.16(3). 
 “Non-Debt Fund Affiliate” means any Affiliated Lender
other than a Debt Fund Affiliate. 
 “Non-Debt Fund Affiliate Assignment and Acceptance” has the meaning assigned to
such term in Section 10.04(10)(b). 
 “Nonpublic Information” means information that is not publicly available for
or of a type that would be publicly available if the borrower was a public company. 
 “Non-Ratio Based Incremental Facility
Cap” has the meaning assigned to such term in Section 2.18(3). Unless the Borrower elects otherwise, each Incremental Facility and all Incremental Equivalent Term Debt shall be deemed incurred first under the Available Incremental
Term Loan Facility Amount or clause (1)(y) of the definition of “Incremental Equivalent Term Debt,” respectively, to the extent permitted, with the balance incurred under the Non-Ratio Based Incremental Facility Cap. 

“Note” has the meaning assigned to such term in Section 2.05(5). 

“Obligations” means: 

(1) all amounts owing to any Agent or any Lender pursuant to the terms of this Agreement or any other Loan Document, including
all interest and expenses accrued or accruing (or that would, absent the commencement of an insolvency or liquidation proceeding, accrue) after the commencement by or against any Loan Party of any proceeding under Title 11 of the United States Code,
as now constituted or hereafter amended, or any other federal, state or foreign bankruptcy, insolvency, receivership or similar law naming such Loan Party as the debtor in such proceeding, in accordance with and at the rate specified in this
Agreement, whether or not the claim for such interest or expense is allowed or allowable as a claim in such proceeding; 

(2) any Specified Hedge Obligations; and 

(3) any Cash Management Obligations;  

provided that: 

(a) the Obligations of the Loan Parties under any Specified Hedge Agreement and Cash Management Obligations will be secured and
Guaranteed pursuant to the Security Documents only to the extent that, and for so long as, the other Obligations are so secured and Guaranteed; 

(b) any release of Collateral or Guarantors effected in the manner permitted by this Agreement or any Security Document will
not require the consent of any Cash Management Bank or Qualified Counterparty pursuant to any Loan Document; and 
 (c)
Obligations of any Guarantor shall not, in any event, include any Excluded Swap Obligation with respect to such Guarantor. 

“OFAC” has the meaning assigned to such term in Section 3.19(3)(e). 

“Original Term Loan Installment Date” has the meaning assigned to such term in Section 2.06(1). 

  
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 “Other Connection Taxes” means, with respect to any Recipient, Taxes
imposed as a result of a present or former connection between such Recipient and the jurisdiction imposing such Tax (other than connections arising solely from such Recipient having executed, delivered, become a party to, performed its obligations
under, received payments under, received or perfected a security interest under, engaged in any other transaction pursuant to or enforced any Loan Document, or sold or assigned an interest in any Term Loan or Loan Document). 

“Other First Lien Indebtedness” has the meaning assigned to such term in Section 2.08(1)(c). 

“Other Taxes” means any and all present or future stamp, court or documentary, intangible, recording, filing or
similar Taxes that arise from any payment made under, from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of a security interest under, or otherwise with respect to, any Loan Document, except any
such Taxes that are Other Connection Taxes imposed with respect to an assignment (other than an assignment made pursuant to Section 2.16(2)). 

“Other Term Loan Installment Date” has the meaning assigned to such term in Section 2.06(2). 

“Other Term Loans” has the meaning assigned to such term in Section 2.19(1). 

“Owned Material Real Property” has the meaning assigned to such term in Section 3.15(1). 

“Parent Entity” means any direct or indirect parent of the Borrower. 

“Participant” has the meaning assigned to such term in Section 10.04(4)(a). 

“Participant Register” has the meaning assigned to such term in Section 10.04(4)(a). 

“Payment Office” means the office of the Administrative Agent located at 309 West 49th Street, 5th Floor, New York, New York 10019, Attention: US Loan Support (Facsimile: (646) 587-1328; Telephone: (212) 667-1324), or such
other office as the Administrative Agent may designate to the Borrower and the Lenders from time to time. 
 “PBGC”
means the Pension Benefit Guaranty Corporation referred to and defined in ERISA, or any successor thereto. 
 “Perfection
Certificate” means the Perfection Certificate with respect to the Loan Parties in a form substantially similar to that delivered on the Closing Date. 

“Permitted Acquisition” means any acquisition of all or substantially all the assets of, or a majority of the Equity
Interests in, or merger, consolidation or amalgamation with, a Person or division or line of business of a Person (or any subsequent investment made in a Person, division or line of business previously acquired in a Permitted Acquisition) if
(1) no Event of Default is continuing immediately prior to making such Investment or would result therefrom; and (2) immediately after giving effect thereto, with respect to acquisitions of entities that do not become Subsidiary Loan
Parties, the aggregate fair market value of all Investments made in such entities since the Closing Date (with all such Investments being valued at their original fair market value and without taking into account subsequent increases or decreases in
value), when taken together with the aggregate amount of payments made with respect to Investments pursuant to Section 6.04(6), will not exceed the greater of (a) $100.0 million and (b) 3.00% of Consolidated Total Assets as of the
date any such acquisition is made. 
 “Permitted Amendment” means any Incremental Facility Amendment, Refinancing
Amendment or Extension Amendment. 
 “Permitted Change of Control” means any transaction or series of related
transactions which otherwise may constitute a Change of Control in which a New Sponsor acquires, either directly or indirectly, through one or more holding companies, Beneficial Ownership of Equity Interests representing 50% or more of the aggregate
ordinary voting power in Holdings or conveying the right to nominate a majority of the board of directors of Holdings 

  
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(whether directly or indirectly through the right to direct the vote of such Equity Interests) and the following additional conditions are met: 

(a) the Borrower shall be in compliance, on a Pro Forma Basis after giving effect to such transactions or series of related
transactions (including any Indebtedness assumed or permitted to exist or incurred, issued or otherwise obtained in connection therewith), with (x) a Total Net Leverage Ratio of not greater than 6.10:1.00 and (y) a Senior Secured First
Lien Net Leverage Ratio of not greater than 4.80:1.00; 
 (b) the New Sponsor shall have made, or substantially concurrently
therewith, shall make, cash equity contributions directly or indirectly to the New Sponsor’s acquisition vehicle (which shall be used to consummate a Permitted Change of Control) on or prior to the Permitted Change of Control Effective Date in
an aggregate amount equal to, when combined with the fair market value of any Equity Interests of any of the management and other existing equity holders of Holdings (or any direct or indirect parent company of Holdings) and its Subsidiaries rolled
over or invested in connection with such Permitted Change of Control (such cash equity contributed by the New Sponsor, taken together with the fair market value of any Equity Interests rolled over or invested in connection with the Permitted Change
of Control, the “Permitted Change of Control Equity Capitalization”), at least 25.0% of the sum of (i) Consolidated Total Net Debt and (ii) the Permitted Change of Control Equity Capitalization; 

(c) (i) at least 15 Business Days prior to the Permitted Change of Control Effective Date, the Borrower shall have
delivered notice to the Administrative Agent of such Permitted Change of Control and of the identity of the New Sponsor and (ii) not later than two (2) Business Days prior to the Permitted Change of Control Effective Date, the New Sponsor
shall have provided all customary information about its acquisition vehicle that shall have been reasonably requested by the Administrative Agent in writing at least ten (10) Business Days prior to the Permitted Change of Control Effective Date
and that the Administrative Agent reasonably determines is required by United States regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including the PATRIOT Act (and, upon any
request made by a Lender to the Administrative Agent, the Administrative Agent will provide the Lenders with all such information made available to it); 

(d) on the Permitted Change of Control Effective Date, the Administrative Agent shall have received an officer’s
certificate from the Borrower stating that the conditions described in clauses (a) through (b) above and the definition of “New Sponsor” have been satisfied; and 

(e) after giving effect to a Permitted Change of Control, New Sponsor shall have a majority of the voting power for the
election of directors, managers or other governing board of the Borrower. 
 For the avoidance of doubt and notwithstanding anything to the
contrary herein, only one Permitted Change of Control shall be permitted to be consummated under this Agreement and any Permitted Change of Control must be consummated prior to the date that is 24 months after the Closing Date. 

“Permitted Change of Control Costs” means all reasonable fees, costs and expenses incurred or payable by Holdings (or
any direct or indirect parent of Holdings), the Borrower or any of its Restricted Subsidiaries in connection with a Permitted Change of Control. 

“Permitted Change of Control Effective Date” means the date of consummation of a Permitted Change of Control;
provided that there shall only be one Permitted Change of Control Effective Date. 
 “Permitted Debt” has the
meaning assigned thereto in Section 6.01. 
 “Permitted Holders” means each of: 

(1) the Sponsors; 

(2) any member of the Management Group (or any controlled Affiliate thereof); 

  
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 (3) any other holder of a direct or indirect equity interest in Holdings
that either (a) holds such interest as of the Closing Date and is disclosed to the Arrangers prior to the Closing Date or (b) becomes a holder of such interest prior to the three-month anniversary of the Closing Date and is a limited
partner of a Sponsor on the Closing Date; provided that the limited partners that become holders of equity interests pursuant to this clause (b) do not own in the aggregate more than 20% of the Voting Stock of Holdings as of such
three-month anniversary; 
 (4) any group (within the meaning of Rules 13d-3 and 13d-5 under the Exchange Act) of which
Persons described in the foregoing clauses (1), (2) or (3) are members; provided that, without giving effect to the existence of such group or any other group, the Persons described in clauses (1), (2) and (3), collectively,
Beneficially Own Voting Stock representing 50% or more of the aggregate ordinary voting power represented by the issued and outstanding Equity Interests of Holdings (determined on a fully diluted basis but without giving effect to contingent voting
rights not yet vested) then held by such group; and 
 (5) any Permitted Parent. 

“Permitted Holdings Debt” means unsecured Indebtedness of Holdings that: 

(1) is not subject to any Guarantee by the Borrower or any Restricted Subsidiary; 

(2) does not mature prior to the date that is ninety-one (91) days after the Latest Maturity Date as of the date of
incurrence thereof; 
 (3) no Event of Default has occurred and is continuing immediately after the issuance or incurrence
thereof or would result therefrom; 
 (4) has no scheduled amortization or payments of principal prior to the date that is
ninety-one (91) days after the Latest Maturity Date (it being understood that such Indebtedness may have mandatory prepayment, repurchase or redemption provisions satisfying the requirements of clause (6) hereof); 

(5) does not require any payments in cash of interest or other amounts in respect of the principal thereof prior to the date
that is ninety-one (91) days after the Latest Maturity Date; and 
 (6) has mandatory prepayment, repurchase or
redemption, covenant, default and remedy provisions customary for senior discount notes of an issuer that is the parent of a borrower under senior secured credit facilities, and in any event, with respect to covenant, default and remedy provisions,
no more restrictive than those set forth in the Second Lien Credit Agreement taken as a whole (other than provisions customary for senior discount notes of a holding company), in each case as determined in good faith by a Responsible Officer of the
Borrower; 
 provided that clauses (4) and (5) will not restrict payments that are necessary to prevent such Indebtedness from being
treated as an “applicable high yield discount obligation” within the meaning of Section 163(i)(1) of the Code; provided, further that the Borrower will deliver to the Administrative Agent final copies of the definitive
credit documentation relating to such Indebtedness (unless the Borrower is bound by a confidentiality obligation with respect thereto, in which case the Borrower will deliver a reasonably detailed description of the material terms and conditions of
such Indebtedness in lieu thereof). 
 “Permitted Investment” has the meaning assigned to such term in
Section 6.04. 
 “Permitted Investor” means: 

(1) each of the Sponsors; 

(2) each of their respective Affiliates and investment managers; 

  
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 (3) any fund or account managed or controlled by any of the Persons
described in clause (1) or (2) of this definition; 
 (4) any employee benefit plan of Holdings or any of its
Subsidiaries and any Person acting in its capacity as trustee, agent or other fiduciary or administrator of any such plan; and 

(5) investment vehicles of members of management of Holdings or the Borrower that invest in, acquire or trade commercial loans
but excluding natural persons. 
 “Permitted Liens” has the meaning assigned to such
term in Section 6.02. 
 “Permitted Parent” means (a) any Parent Entity that at the time it
became a Parent Entity was a Permitted Holder pursuant to clauses (1), (2) and (3) of the definition thereof; provided that such Parent Entity was not formed in connection with, or in contemplation of, a transaction (other than the
Transactions) that would otherwise constitute a Change in Control and (b) Holdings, so long as it is controlled by one or more Persons that are Permitted Holders pursuant to clause (1), (2), (3) or (4) of the definition thereof. 

“Permitted Refinancing Indebtedness” means any Indebtedness issued in exchange for, or the net proceeds
of which are used to extend, refinance, renew, replace, defease or refund (collectively, “Refinance”) the Indebtedness being Refinanced (or previous refinancings thereof constituting Permitted Refinancing Indebtedness);
provided that: 
 (1) the principal amount (or accreted value, if applicable) of such Permitted Refinancing
Indebtedness does not exceed the principal amount (or accreted value, if applicable) of the Indebtedness so Refinanced (plus unpaid accrued interest and premium (including tender premiums) thereon and underwriting discounts, defeasance costs,
fees, commissions and expenses); provided, that with respect to (a) the Second Lien Obligations, the principal amount of any Permitted Refinancing Indebtedness in respect thereof shall be subject only to Section 6.01(3)(b), and
(b) the ABL Obligations, the principal amount of any Permitted Refinancing Indebtedness in respect thereof shall be subject only to
 Section 6.01(2); 

(2) the Weighted Average Life to Maturity of such Permitted Refinancing Indebtedness is greater than or equal to the shorter of
(a) the Weighted Average Life to Maturity of the Indebtedness being Refinanced and (b) the Weighted Average Life to Maturity that would result if all payments of principal on the Indebtedness being Refinanced that were due on or after the
date that is one year following the Latest Maturity Date were instead due on the date that is one year following the Latest Maturity Date; provided that no Permitted Refinancing Indebtedness incurred in reliance on this subclause
(b) will have any scheduled principal payments due prior to the Latest Maturity Date in excess of, or prior to, the scheduled principal payments due prior to such Latest Maturity Date for the Indebtedness being Refinanced; 

(3) if the Indebtedness being Refinanced is subordinated in right of payment to any Obligations under this Agreement, such
Permitted Refinancing Indebtedness is subordinated in right of payment to such Obligations on terms at least as favorable to the Lenders (as determined in good faith by a Responsible Officer of the Borrower) as those contained in the documentation
governing the Indebtedness being Refinanced; 
 (4) no Permitted Refinancing Indebtedness may have different obligors, or
greater Guarantees or security, than the Indebtedness being Refinanced; provided that, with respect to a Refinancing of the Second Lien Obligations or the ABL Obligations, the Liens, if any, securing such Permitted Refinancing Indebtedness
will be on terms not materially less favorable to the Lenders than those contained in the documentation governing the Second Lien Credit Agreement and the ABL Credit Agreement, as determined in good faith by a Responsible Officer of the Borrower;

 (5) in the case of a Refinancing of Indebtedness that is secured on a pari passu basis with the Tranche B Term
Loans with Indebtedness that is secured on a pari passu basis with the Tranche B Term Loans, a Debt Representative acting on behalf of the holders of such Indebtedness has become party to or is

  
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otherwise subject to the provisions of a First Lien Intercreditor Agreement and, if applicable, the Intercreditor Agreement; 

(6) in the case of a Refinancing of Indebtedness that is secured on a pari passu basis with, or on a junior basis to,
the Tranche B Term Loans with Indebtedness that is secured on a junior basis, to the Tranche B Term Loans, a Debt Representative acting on behalf of the holders of such Indebtedness has become party to or is otherwise subject to the provisions of a
Junior Lien Intercreditor Agreement and, if applicable, the Intercreditor Agreement; and 
 (7) in the case of a Refinancing
of the ABL Obligations, the Liens, if any, securing such Permitted Refinancing Indebtedness are subject to the Intercreditor Agreement or another intercreditor agreement that is substantially consistent with, and no less favorable to the Lenders in
any material respect than, the Intercreditor Agreement as determined in good faith by a Responsible Officer of the Borrower and as certified by a Responsible Officer of the Borrower. 

Permitted Refinancing Indebtedness may not be incurred to Refinance Indebtedness that is secured on a junior basis to the Tranche B Term Loans with
Indebtedness that is secured on a pari passu basis with the Tranche B Term Loans. 
 Indebtedness constituting Permitted Refinancing
Indebtedness will not cease to constitute Permitted Refinancing Indebtedness as a result of the subsequent extension of the Latest Maturity Date after the date of original incurrence thereof. 

“Person” means any natural person, corporation, business trust, joint venture, association, company, partnership,
limited liability company, government, individual or family trust, Governmental Authority or other entity of whatever nature. 

“Plan” means any “employee pension benefit plan” as defined in Section 3(2) of ERISA (other than a
Multiemployer Plan) that is (1) subject to the provisions of Title IV of ERISA or Section 412 of the Code or Section 302 of ERISA; and (2) either (a) sponsored or maintained (at the time of determination or at any time
within the five years prior thereto) by Holdings or any of its Subsidiaries or any ERISA Affiliate or (b) in respect of which Holdings or any of its Subsidiaries or any ERISA Affiliate is (or, if such plan were terminated, would under
Section 4069 of ERISA be deemed to be) an “employer” as defined in Section 3(5) of ERISA. 

“Plan of Reorganization” has the meaning assigned to such term in Section 9.01(5). 

“Platform” has the meaning assigned to such term in Section 10.17(1). 

“Pledged Collateral” means “Pledged Collateral” as defined in the Security Agreement. 

“Prime Rate” means, at any time, the rate of interest per annum as set forth or otherwise identified from time to time
by The Wall Street Journal as its prime rate. In the event that such rate does not appear in such copy of The Wall Street Journal, the Prime Rate shall be determined by reference to such other publicly available service or publication for displaying
such rates as may be agreed upon by the Administrative Agent and the Borrower. 
 “Pro Forma Basis” or
“Pro Forma” means, with respect to the calculation of Consolidated EBITDA, the Senior Secured First Lien Net Leverage Ratio, the Total Secured Net Leverage Ratio, the Total Net Leverage Ratio, the Interest Coverage Ratio, or
any other calculation under any applicable provision of the Loan Documents, as of any date, that (1) pro forma effect will be given to the Transactions, any Permitted Acquisition or Investment, any issuance, incurrence, assumption or permanent
repayment of Indebtedness (including Indebtedness issued, incurred or assumed as a result of, or to finance, any relevant transaction and for which any such financial ratio or other calculation is being calculated), all sales, transfers and other
dispositions or discontinuance of any Subsidiary, line of business, division or Store, or any conversion of a Restricted Subsidiary to an Unrestricted Subsidiary or of an Unrestricted Subsidiary to a Restricted Subsidiary and restructuring,
strategic and other cost savings initiatives, in each case that have occurred during the four consecutive fiscal quarter period of the Borrower being used to calculate 

  
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such financial ratio (the “Reference Period”), or subsequent to the end of the Reference Period but prior to such date or prior to or simultaneously with the event for
which a determination under this definition is made (including any such event occurring at a Person who became a Restricted Subsidiary after the commencement of the Reference Period), as if each such event occurred on the first day of the Reference
Period, and (2) pro forma effect will be given to factually supportable and identifiable pro forma cost savings related to operational efficiencies, strategic initiatives or purchasing improvements and other synergies, in each case, reasonably
expected by the Borrower and the Restricted Subsidiaries to be realized based upon actions reasonably expected to be taken within 18 months of the date of such calculation (without duplication of the amount of actual benefit realized during such
period from such actions), which cost savings, improvements and synergies can be reasonably computed, as certified in writing by the chief financial officer of the Borrower; provided that any such pro forma adjustments in respect of such cost
savings, improvements and synergies shall not exceed 20% of Consolidated EBITDA (before giving effect to all such adjustments) for any four-quarter period. For the avoidance of doubt, no pro forma adjustment will be made subsequent to the relevant
measurement date for borrowings incurred or repayments made under the Second Lien Credit Agreement or the ABL Credit Agreement in the ordinary course of business and unrelated to any of the events described in this definition. 

“Projections” means all projections (including financial estimates, financial models, forecasts and other
forward-looking information) furnished to the Lenders or the Administrative Agent by or on behalf of Holdings or any of the Subsidiaries on or prior to the Closing Date. 

“Public Lender” has the meaning assigned to such term in Section 10.17(2). 

“Purchasing Borrower Party” means Holdings or any Subsidiary of Holdings that becomes an Assignee or Participant
pursuant to
 Section 10.04(14). 
 “Qualified Counterparty” means any counterparty to any Specified Hedge
Agreement that, at the time such Specified Hedge Agreement was entered into or on the Closing Date, was an Agent, an Arranger, a Lender or an Affiliate of the foregoing, whether or not such Person subsequently ceases to be an Agent, an Arranger, a
Lender or an Affiliate of the foregoing. 
 “Qualified Equity Interests” means any Equity Interests other than
Disqualified Stock. 
 “Qualified IPO” means an underwritten public offering (other than a public offering pursuant
to a registration statement on Form S-4 or Form S 8) of the Equity Interests of any Parent Entity which generates cash proceeds of at least $200.0 million. 

“Qualified Receivables Financing” means any Receivables Financing of a Receivables Subsidiary that meets the following
conditions: 
 (1) the Board of Directors of the Borrower has determined in good faith that such Qualified Receivables
Financing (including financing terms, covenants, termination events and other provisions) is, in the aggregate, economically fair and reasonable to the Borrower and the Restricted Subsidiaries; 

(2) all sales of accounts receivable and related assets by the Borrower or any Restricted Subsidiary to the Receivables
Subsidiary are made at fair market value (as determined in good faith by a Responsible Officer of the Borrower); and 
 (3)
the financing terms, covenants, termination events and other provisions thereof will be market terms (as determined in good faith by a Responsible Officer of the Borrower) and may include Standard Securitization Undertakings. 

The grant of a security interest in any accounts receivable of the Borrower or any Restricted Subsidiary (other than a Receivables Subsidiary or a customary
backup security interest in accounts receivable conveyed to a Receivables Subsidiary) to secure any Indebtedness will not be deemed a Qualified Receivables Financing. 

  
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 “Quarterly Financial Statements” has the meaning assigned to such
term in Section 5.04(2). 
 “Ratio Debt” has the meaning assigned to such term in Section 6.01. 

“Real Property” means, collectively, all right, title and interest (including any leasehold estate) in and to any and
all parcels of or interests in real property owned in fee or leased by any Loan Party, together with, in each case, all easements, hereditaments and appurtenances relating thereto, and all improvements and appurtenant fixtures incidental to the
ownership or lease thereof. 
 “Receivables Facility” means one or more receivables financing facilities, as
amended, supplemented, modified, extended, renewed, restated, refunded, replaced or refinanced from time to time, the Indebtedness of which is non-recourse (except for standard representations, warranties, covenants and indemnities made in
connection with such facilities) to the Borrower and the Restricted Subsidiaries pursuant to which the Borrower or any Restricted Subsidiary sells its accounts receivable to either (1) a Person that is not a Restricted Subsidiary; or (2) a
Receivables Subsidiary that in turn sells its accounts receivable to a Person that is not a Restricted Subsidiary. 

“Receivables Financing” means any transaction or series of transactions that may be entered into by the Borrower or
any Restricted Subsidiary pursuant to which the Borrower or any Restricted Subsidiaries may sell, convey or otherwise transfer to: 

(1) a Receivables Subsidiary (in the case of a transfer by the Borrower or any Restricted Subsidiary that is not a Receivables
Subsidiary); and 
 (2) any other Person (in the case of a transfer by a Receivables Subsidiary), or may grant a security
interest in, any accounts receivable (whether now existing or arising in the future) of the Borrower or any Restricted Subsidiary, and any assets related thereto including all collateral securing such accounts receivable, all contracts and all
guarantees or other obligations in respect of such accounts receivable, proceeds of such accounts receivable and other assets which are customarily transferred or in respect of which security interests are customarily granted in connection with
asset securitization transactions involving accounts receivable and any Hedge Agreements entered into by the Borrower or any such Restricted Subsidiary in connection with such accounts receivable. 

“Receivables Repurchase Obligation” means any obligation of a seller of receivables in a Qualified Receivables
Financing to repurchase receivables arising as a result of a breach of a representation, warranty or covenant or otherwise, including as a result of a receivable or portion thereof becoming subject to any asserted defense, dispute, off-set or
counterclaim of any kind as a result of any action taken by, any failure to take action by or any other event relating to the seller. 

“Receivables Subsidiary” means a Wholly Owned Subsidiary of the Borrower (or another Person formed solely for the
purposes of engaging in a Qualified Receivables Financing with the Borrower and to which the Borrower or any Restricted Subsidiary transfers accounts receivable and related assets) which engages in no activities other than in connection with the
financing of accounts receivable of the Borrower and its Restricted Subsidiaries, all proceeds thereof and all rights (contractual or other), collateral and other assets relating thereto, and any business or activities incidental or related to such
business, and which is designated by the Board of Directors of the Borrower (as provided below) as a Receivables Subsidiary and: 

(1) no portion of the Indebtedness or any other obligations (contingent or otherwise): 

(a) is guaranteed by the Borrower or any Restricted Subsidiary (excluding guarantees of obligations (other than the principal
of, and interest on, Indebtedness) pursuant to Standard Securitization Undertakings); 
 (b) is recourse to or obligates the
Borrower or any Restricted Subsidiary in any way other than pursuant to Standard Securitization Undertakings; or 

  
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 (c) subjects any property or asset of the Borrower or any Restricted
Subsidiary, directly or indirectly, contingently or otherwise, to the satisfaction thereof, other than pursuant to Standard Securitization Undertakings; 

(2) with which neither the Borrower nor any Restricted Subsidiary has any material contract, agreement, arrangement or
understanding other than on terms which the Borrower reasonably believes to be no less favorable to the Borrower or such Restricted Subsidiary than those that might be obtained at the time from Persons that are not Affiliates of the Borrower; and

 (3) to which neither the Borrower nor any other Restricted Subsidiary has any obligation to maintain or preserve such
entity’s financial condition or cause such entity to achieve certain levels of operating results. 
 Any such designation by the Board
of Directors of the Borrower will be evidenced to the Administrative Agent by filing with the Administrative Agent a certified copy of the resolution of the Board of Directors of the Borrower giving effect to such designation and a certificate of a
Responsible Officer of the Borrower certifying that such designation complied with the foregoing conditions. 

“Recipient” means the Administrative Agent and any Lender, as applicable. 

“Refinance” has the meaning assigned to such term in the definition of “Permitted Refinancing
Indebtedness,” and the terms “Refinanced” will have a correlative meaning. 

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

“Refinancing Amendment” means an amendment to this Agreement (and, as necessary, each other Loan
Document) executed by each of (1) the Borrower and Holdings; (2) the Administrative Agent; and (3) each Lender that agrees to provide any portion of the Other Term Loans in accordance with Section 2.19. 

“Register” has the meaning assigned to such term in Section 10.04(2)(d). 

“Registered Equivalent Notes” means, with respect to any notes originally issued in a Rule 144A or other
private placement transaction under the Securities Act, substantially identical notes (having the same Guarantees and collateral provisions) issued by the Borrower in a dollar-for-dollar exchange therefor pursuant to an exchange offer registered
with the SEC. 
 “Regulation T” means Regulation T of the Board as from time to time in effect and all
official rulings and interpretations thereunder or thereof. 
 “Regulation U” means Regulation U of
the Board as from time to time in effect and all official rulings and interpretations thereunder or thereof. 

“Regulation X” means Regulation X of the Board as from time to time in effect and all official rulings
and interpretations thereunder or thereof. 
 “Reinvestment Deferred Amount” means, with respect to
any Reinvestment Event, the aggregate amount of Net Cash Proceeds received by the Borrower or a Restricted Subsidiary in connection therewith that are not applied to prepay the Term Loans as a result of the delivery of a Reinvestment Notice. 

“Reinvestment Event” means any Asset Sale in respect of which the Borrower has delivered a Reinvestment
Notice. 
 “Reinvestment Notice” means a written notice executed by a Responsible Officer stating that
the Borrower or any Restricted Subsidiary intends and expects to use an amount of funds not to exceed the amount of Net Cash 

  
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Proceeds of an Asset Sale to restore, rebuild, repair, construct, improve, replace or otherwise acquire assets used or useful in the Borrower’s or a Restricted Subsidiary’s business.

 “Reinvestment Prepayment Amount” means, with respect to any Reinvestment Event, the Reinvestment Deferred Amount
relating thereto less any amount expended by the Borrower or a Restricted Subsidiary prior to the relevant Reinvestment Prepayment Date to restore, rebuild, repair, construct, improve, replace or otherwise acquire assets used or useful in the
Borrower’s or a Restricted Subsidiary’s business. 
 “Reinvestment Prepayment Date” means, with respect to
any Reinvestment Event, the date occurring one year after such Reinvestment Event or, if the Borrower or a Restricted Subsidiary has entered into a legally binding commitment within one year after such Reinvestment Event to restore, rebuild, repair,
construct, improve, replace or otherwise acquire assets used or useful in the Borrower’s or a Restricted Subsidiary’s business, the date occurring two years after such Reinvestment Event. 

“Related Parties” means, with respect to any specified Person, such Person’s Affiliates and the respective
directors, trustees, officers, employees, agents and advisors of such Person and such Person’s Affiliates. 

“Release” means any spilling, leaking, seepage, pumping, pouring, emitting, emptying, discharging, injecting,
escaping, leaching, dumping, disposing, depositing, dispersing, emanating or migrating in, into, upon, onto or through the Environment. 

“Reportable Event” means any reportable event within the meaning of Section 4043(c) of ERISA or the regulations
issued thereunder, other than those events as to which the 30 day notice period referred to in Section 4043(c) of ERISA has been waived, with respect to a Plan (other than a Plan maintained by an ERISA Affiliate that is considered an ERISA
Affiliate only pursuant to subsection (m) or (o) of Section 414 of the Code). 
 “Repricing Event”
means (1) any prepayment of any Class of Tranche B Term Loans with the proceeds of, or any conversion of such Tranche B Term Loans into, any new or replacement tranche of debt financing bearing interest at an effective yield that is less than
the effective yield applicable to such Class of Tranche B Term Loans and (2) any amendment to any Term Facility that, directly or indirectly, reduces the yield applicable to the Tranche B Term Loans in such Term Facility (in each case,
calculating such yield consistent with the methodology for calculating the “yield” of any Tranche B Term Loans and any “Incremental Yield” pursuant to the terms of Section 2.18(8)(b)); provided that no Repricing Event
will be deemed to occur in connection with a Change of Control, Permitted Change of Control, Qualified IPO or Enterprise Transformative Event (including any financing or amendment undertaken in connection with a Permitted Change of Control or
otherwise not for the primary purpose of reducing the interest on the Tranche B Term Loans). 
 “Required Financial
Statements” has the meaning assigned to such term in Section 5.04(2). 
 “Required Lender Consent
Items” has the meaning assigned to such term in Section 10.04(12)(c). 
 “Required Lenders” means,
at any time, Lenders having Term Loans outstanding and unused Commitments that, taken together, represent more than 50.0% of the sum of all Term Loans outstanding and Commitments at such time. The Term Loans and Commitments of any Defaulting Lender
will be disregarded in determining Required Lenders; provided that subject to the Borrower’s right to replace Defaulting Lenders as set forth herein, Defaulting Lenders will be included in determining Required Lenders with respect to:

 (1) any amendment that would disproportionately affect the obligation of the Borrower to make payment of the Term Loans or
Commitments of such Defaulting Lender as compared to other Lenders holding the same Class of Term Loans or Commitments; 

(2) any amendment relating to: 

(a) increases in the Commitment of such Defaulting Lender; 

  
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 (b) reductions of principal, interest, fees or premium applicable to the
Class of Term Loans held by such Defaulting Lender or Commitments of such Defaulting Lender; and 
 (c) extensions of final
maturity or the due date of any amortization, interest, fee or premium payment applicable to the Class of Term Loans held by such Defaulting Lender or Commitments of such Defaulting Lender; and 

(3) matters requiring the approval of each Lender under subclauses (v) and (vi) of Section 10.08(2). 

“Required Percentage” means, with respect to any Excess Cash Flow Period, the percentage set forth in the table below
based on Senior Secured First Lien Net Leverage Ratio determined as of the last day of such Excess Cash Flow Period: 
  

					
	 Senior Secured First Lien Net Leverage Ratio
	  	Required Percentage	 
	 Greater than 4.00 to 1.00
	  	 	50.00	% 
	 Less than or equal to 4.00 to 1.00 but greater than 3.50 to 1.00
	  	 	25.00	% 
	 Less than or equal to 3.50 to 1.00
	  	 	0.00	% 

 “Responsible Officer” means, with respect to any Loan Party, the chief executive
officer, president, vice president, secretary, assistant secretary or any Financial Officer of such Loan Party or any other individual designated in writing to the Administrative Agent by an existing Responsible Officer of such Loan Party as an
authorized signatory of any certificate or other document to be delivered hereunder. Any document delivered hereunder that is signed by a Responsible Officer of a Loan Party will be conclusively presumed to have been authorized by all necessary
corporate, partnership or other action on the part of such Loan Party and such Responsible Officer will be conclusively presumed to have acted on behalf of such Loan Party. 

“Restricted Payments” has the meaning assigned to such term in Section 6.06. 

“Restricted Subsidiary” means any Subsidiary of a Person other than an Unrestricted Subsidiary of such Person. Unless
otherwise indicated in this Agreement, all references to Restricted Subsidiaries will mean Restricted Subsidiaries of the Borrower. 

“Retained Percentage” means, with respect to any Excess Cash Flow Period, 100% minus the Required Percentage with
respect to such Excess Cash Flow Period. 
 “S&P” means S&P Global Ratings or any successor entity thereto.

 “Screen Rate” has the meaning assigned to such term in the definition of “LIBO Rate.” 

“SEC” means the Securities and Exchange Commission or any successor thereto. 

“Second Lien Credit Agreement” means that certain second lien credit agreement, dated as of the Closing Date, by and
among the Borrower, Holdings, the lenders party thereto, Jefferies Finance LLC, as administrative agent and collateral agent and the other parties party thereto. 

“Second Lien Credit Facility” means the second lien loan facility consisting of term loans made to the Borrower. 

“Second Lien Loan Documents” means the Second Lien Credit Agreement and the other “Loan Documents” as
defined in the Second Lien Credit Agreement, as each document may be amended, restated, supplemented and/or otherwise modified. 

  
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 “Second Lien Obligations” mean the “Obligations” as
defined in the Second Lien Credit Agreement. 
 “Second Lien Term Loans” means the secured term loans made to the
Borrower on the Closing Date pursuant to the Second Lien Credit Agreement. 
 “Secured Parties” means, collectively,
the Administrative Agent, the Collateral Agent, the Lenders, each Cash Management Bank, each Qualified Counterparty and each co-agent or subagent appointed by the Administrative Agent from time to time pursuant to Section 9.02. 

“Securities Act” means the Securities Act of 1933, as amended. 

“Security Agreement” means the Term Loan Security Agreement substantially in the form of Exhibit J, dated as of
the Closing Date, among the Loan Parties and the Collateral Agent, as amended, supplemented and/or otherwise modified from time to time. 

“Security Documents” means the collective reference to the Security Agreement, the Guaranty Agreement, the Mortgages,
the Intellectual Property Security Agreements and each of the security agreements and other instruments and documents executed and delivered by any Loan Party pursuant thereto or pursuant to Section 5.10. 

“Senior Secured First Lien Net Leverage Ratio” means, as of any date, the ratio of Consolidated First Lien Net Debt as
of such date to Consolidated EBITDA for the most recent four fiscal quarter period for which Required Financial Statements have been delivered, calculated on a Pro Forma Basis. 

“Specified Event of Default” means any Event of Default under Section 8.01(2), 8.01(3)(a), 8.01(8) or 8.01(9).

 “Specified Hedge Agreement” means any Hedge Agreement entered into or assumed between or among the Borrower or
any other Subsidiary and any Qualified Counterparty and designated by the Qualified Counterparty and the Borrower in writing to the Administrative Agent as a “Specified Hedge Agreement” under this Agreement (but only if such Hedge
Agreement has not been designated as a “Specified Hedge Agreement” under the ABL Credit Agreement). 
 “Specified Hedge
Obligations” means all amounts owing to any Qualified Counterparty under any Specified Hedge Agreement. 

“Specified Representations” means the representations and warranties of each of the Borrower and the other Loan
Parties set forth in the following sections of this Agreement: 
 (1) Section 3.01(1) and (4) (but solely with
respect to its organizational existence and status and organizational power and authority as to the execution, delivery and performance of this Agreement and the other Loan Documents); 

(2) Section 3.02(1) (but solely with respect to its authorization of this Agreement and the other Loan Documents); 

(3) Section 3.02(2)(a)(i) (but solely with respect to non-conflict of this Agreement and the other Loan Documents with its
certificate or article of incorporation or other charter document); 
 (4) Section 3.03 (but solely with respect to
execution and delivery by it, and enforceability against it, of this Agreement and the other Loan Documents); 
 (5)
Section 3.08(2); 
 (6) Section 3.09; 

  
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 (7) Section 3.14(1) (subject to Permitted Liens); 

(8) Section 3.16; and 

(9) Section 3.19. 

“Specified Sale and Lease-Back Net Proceeds” means with respect to the sale component of any Specified Sale and
Lease-Back Transaction, the excess, if any, of (i) the sum of cash and Cash Equivalents received as purchase consideration in connection with such Specified Sale and Lease-Back Transaction sale component pursuant to the applicable purchase and
sale agreement over (ii) the sum of (A) the out-of-pocket fees and expenses (including attorneys’ fees, investment banking fees, survey costs, title insurance premiums, and related search and recording charges, transfer taxes, deed or
mortgage recording taxes, other customary expenses and brokerage, consultant and other customary fees) actually incurred or required to be paid by the Borrower or any Restricted Subsidiary on behalf of a purchaser by the Borrower or any Restricted
Subsidiary in connection with such Specified Sale and Lease-Back Transaction, (B) taxes (including transfer taxes) or distributions made pursuant to Section 6.06(5) or 6.06(6)(a) paid or reasonably estimated to be payable in connection
therewith (including taxes imposed on the distribution or repatriation of any such Specified Sale and Lease-Back Net Proceeds), and (C) any reserve for adjustment in respect of (x) the sale price of such asset or assets established in
accordance with GAAP and (y) any liabilities associated with such asset or assets and retained by the Borrower or any Restricted Subsidiary after such Specified Sale and Lease-Back Transaction, including liabilities related to environmental
matters or against any indemnification obligations associated with such Specified Sale and Lease-Back Transaction, it being understood that “Specified Sale and Lease-Back Net Proceeds” shall include the amount of any reversal (without the
satisfaction of any applicable liabilities in cash in a corresponding amount) of any reserve described in this clause (C). 

“Specified Sale and Lease-Back Transaction” means a sale and leaseback transaction with respect to all or any portion
of any real property owned by the Borrower or any Restricted Subsidiary as of the Closing Date and set forth on Schedule 1.01S that is consummated as of or after the Closing Date. 

“Specified Transaction” means any Investment (including any Limited Condition Acquisition), Permitted Change of
Control, disposition, incurrence or repayment of Indebtedness, Restricted Payment, Subsidiary designation, Incremental Facility that by the terms of this Agreement requires such test to be calculated on a “Pro Forma Basis”; provided
that any increase in the Commitments (including, for this purpose, any Commitment in respect of any Incremental Term Loan or Extended Term Loan) above the amount of Commitments in effect on the Closing Date, for purposes of this “Specified
Transaction” definition, shall be deemed to be fully drawn; provided, further, that, at the Borrower’s election, any such Specified Transaction (other than a Restricted Payment) having an aggregate value of less than $5.0 million
shall not be calculated on a “Pro Forma Basis.” 
 “Sponsor Management Agreement” means the management
services agreement by and among Leonard Green & Partners, L.P. and CVC Capital Partners Advisory (U.S.), Inc. or certain of the management companies associated with either of them or their advisors and the Borrower, as the same may be
amended, modified, supplemented or otherwise modified from time to time in accordance with its terms, but only to the extent that any such amendment, modification, supplement or other modification does not, directly or indirectly, increase the
obligation of Holdings, the Borrower or any of its Restricted Subsidiaries to make any payments thereunder. 
 “Sponsor
Termination Fees” means the one-time payment under the Sponsor Management Agreement of a termination fee to one or more of the Sponsors in the event of a Change of Control, Permitted Change of Control or the completion of a Qualifying
IPO. 
 “Sponsors” means (i) at any time prior to the Permitted Change of Control Effective Date, any of CVC
and LGP and any of their respective Affiliates and funds or partnerships managed, advised or controlled by any of them or any of their respective Affiliates, but not including any operating portfolio company of any of the foregoing and (ii) at
any time on or after the Permitted Change of Control Effective Date, New Sponsor and any of its (or their) respective Affiliates and funds or partnerships managed, advised or controlled by any of them or any of their respective Affiliates, but not
including any operating portfolio company of any of the foregoing. 

  
 -47- 

 “Standard Securitization Undertakings” means representations,
warranties, covenants, indemnities and Guarantees of performance entered into by the Borrower or any Subsidiary of the Borrower that a Responsible Officer of the Borrower has determined in good faith to be customary in a Receivables Financing
including those relating to the servicing of the assets of a Receivables Subsidiary, it being understood that any Receivables Repurchase Obligation will be deemed to be a Standard Securitization Undertaking. 

“Statutory Reserves” means, with respect to any currency, any reserve, liquid asset or similar requirements
established by any Governmental Authority of the United States of America or of the jurisdiction of such currency or any jurisdiction in which Term Loans in such currency are made to which banks in such jurisdiction are subject for any category of
deposits or liabilities customarily used to fund loans in such currency or by reference to which interest rates applicable to Term Loans in such currency are determined. 

“Store” means any retail store or retail warehouse (which includes any real property, fixtures, equipment, inventory
and other property related thereto) operated, or to be operated, by the Borrower or any Restricted Subsidiary. 

“Subagent” has the meaning assigned to such term in Section 9.02. 

“Subsidiary” means, with respect to any Person, any corporation, partnership, limited liability company or other
entity of which (1) Equity Interests having ordinary voting power (other than Equity Interests having such power only by reason of the happening of a contingency) to elect a majority of the Board of Directors of such corporation, partnership,
limited liability company or other entity are at the time owned by such Person; or (2) more than 50.0% of the Equity Interests are at the time owned by such Person. Unless otherwise indicated in this Agreement, all references to Subsidiaries
will mean Subsidiaries of the Borrower. 
 “Subsidiary Loan Parties” means (1) each Wholly Owned Domestic
Subsidiary of the Borrower on the Closing Date (other than any Excluded Subsidiary); and (2) each Wholly Owned Domestic Subsidiary (other than any Excluded Subsidiary) of the Borrower that becomes, or is required to become, a party to the
Security Agreement or the Guaranty Agreement after the Closing Date. It is understood and agreed that no Limited Recourse Guarantor shall be deemed to be a Subsidiary Loan Party (or Guarantor) solely as a result of its Limited Recourse Guaranty
unless and until it provides a full Guaranty of the Secured Obligations, becomes a party to the Security Agreement or the Guaranty Agreement and otherwise complies with the requirements hereunder applicable to Subsidiary Loan Parties. 

“Swap Obligation” means, with respect to any Guarantor, any obligation to pay or perform under any agreement, contract
or transaction that constitutes a “swap” within the meaning of section 1a(47) of the Commodity Exchange Act. 

“Taxes” means any and all present or future taxes, levies, imposts, duties, deductions, withholdings (including backup
withholding) or similar charges imposed by any Governmental Authority and any and all interest and penalties related thereto. 

“Term Facility” means the facility and commitments utilized in making Term Loans hereunder. On the Closing Date, there
is one Term Facility, the Tranche B Term Loan Facility. Following the establishment of any Incremental Term Loans (other than an increase to an existing Term Facility), Other Term Loans or Extended Term Loans, such Incremental Term Loans, Other Term
Loans or Extended Term Loans will be considered a separate Term Facility hereunder. 
 “Term Loan Installment Date”
means, as the context requires, an Original Term Loan Installment Date, an Incremental Term Loan Installment Date, an Other Term Loan Installment Date or an Extended Term Loan Installment Date. 

“Term Loans” means the Tranche B Term Loans made to the Borrower on the Closing Date pursuant hereto, any Incremental
Term Loans, any Other Term Loans and any Extended Term Loans, collectively (or if the context so requires, any of them individually). 

  
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 “Term Priority Collateral” means “Term Priority
Collateral” as defined in the Intercreditor Agreement. 
 “Title Company” has the meaning assigned to such
term in Section 5.10(2)(c). 
 “Title Policy” has the meaning assigned to such term in Section 5.10(2)(c).

 “Total Net Leverage Ratio” means, as of any date, the ratio of Consolidated Total Net Debt as of such date to
Consolidated EBITDA for the most recent four fiscal quarter period for which Required Financial Statements have been delivered, calculated on a Pro Forma Basis. 

“Total Secured Net Leverage Ratio” means, as of any date, the ratio of Consolidated Secured Net Debt as of such date
to Consolidated EBITDA for the most recent four fiscal quarter period for which Required Financial Statements have been delivered, calculated on a Pro Forma Basis. 

“Tranche B Term Loan Commitments” means with respect to each Lender, the commitment of such Lender to make Tranche B
Term Loans as set forth on Schedule 2.01. On the Closing Date, the aggregate amount of Tranche B Term Loan Commitments is $1,925.0 million. 

“Tranche B Term Loan Facility” means the term loan facility consisting of Tranche B Term Loans made to the Borrower.

 “Tranche B Term Loan Lender” means each financial institution listed on Schedule 2.01 (other than any such
Person that has ceased to be a party hereto pursuant to an Assignment and Acceptance in accordance with Section 10.04), as well as any Person that becomes a Lender hereunder pursuant to Section 10.04 by assignment of any Tranche B Term
Loans. 
 “Tranche B Term Loans” means the term loans made to the Borrower on the Closing Date pursuant to
Section 2.01(1). 
 “Transactions” has the meaning assigned to such term in the recitals to this Agreement.

 “Type” means, when used in respect of any Term Loan or Borrowing, the Rate by reference to which interest on such
Term Loan or on the Term Loans comprising such Borrowing is determined. For purposes hereof, the term “Rate” means Adjusted LIBO Rate or ABR, as applicable. 

“Uniform Commercial Code” or “UCC” means the Uniform Commercial Code as the same may from time
to time be in effect in the State of New York or the Uniform Commercial Code (or similar code or statute) of another jurisdiction, to the extent it may be required to apply to any item or items of Collateral. 

“Unrestricted Cash” means, as of any date, all cash and Cash Equivalents of the Borrower and its Restricted
Subsidiaries as of such date that would not appear as “restricted” on the Required Financial Statements, determined on a consolidated basis in accordance with GAAP, determined based upon the most recent month-end financial statements
available internally as of the date of determination, and calculated on a Pro Forma Basis. 
 “Unrestricted
Subsidiary” means any Subsidiary of Holdings (other than the Borrower) designated by the Borrower as an Unrestricted Subsidiary hereunder by written notice to the Administrative Agent; provided that the Borrower will only be
permitted to so designate a new Unrestricted Subsidiary after the Closing Date or subsequently re-designate any such Unrestricted Subsidiary as a Restricted Subsidiary (by written notice to the Administrative Agent) if: 

(1) no Event of Default is continuing; provided, that if such Subsidiary is being designated as an Unrestricted
Subsidiary in connection with a Limited Condition Acquisition, (i) the date of determination of such condition shall be the LCA Test Date and (ii) on the date such Subsidiary is designated as an Unrestricted Subsidiary, no Specified Event
of Default shall have occurred and be continuing or would exist immediately after such designation; 

  
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 (2) such designation or re-designation would not cause an Event of Default;
provided, that if such Subsidiary is being designated as an Unrestricted Subsidiary in connection with a Limited Condition Acquisition, (i) the date of determination of such condition shall be the LCA Test Date and (ii) on the date
such Subsidiary is designated as an Unrestricted Subsidiary, such designation or re-designation would not cause a Specified Event of Default; and 

(3) compliance with a minimum Interest Coverage Ratio of 2.0 to 1.0, determined on a Pro Forma Basis; provided, that if
such Subsidiary is being designated as an Unrestricted Subsidiary in connection with a Limited Condition Acquisition, the date of determination of such condition shall be the LCA Test Date. 

The designation of any Restricted Subsidiary as an Unrestricted Subsidiary will constitute an Investment for purposes of Section 6.04.
The redesignation of any Unrestricted Subsidiary as a Restricted Subsidiary will be deemed to be an incurrence at the time of such designation of Indebtedness of such Unrestricted Subsidiary and the Liens on the assets of such Unrestricted
Subsidiary, in each case outstanding on the date of such redesignation. 
 “USA PATRIOT Act” means the Uniting and
Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (Title III of Pub. L. No. 107 56 (signed into law October 26, 2001)). 

“U.S. Person” means any Person that is a “United States Person” as defined in Section 7701(a)(30) of
the Code. 
 “Voting Stock” means, as of any date, the Capital Stock of any Person that is at the time entitled to
vote (without regard to the occurrence of any contingency) in the election of the Board of Directors of such Person. 
 “Weighted
Average Life to Maturity” means, when applied to any Indebtedness as of any date, the number of years obtained by dividing (1) the sum of the products obtained by multiplying (a) the amount of each then remaining installment,
sinking fund, serial maturity or other required payment of principal (excluding nominal amortization), including payment at final maturity, in respect thereof by (b) the number of years (calculated to the nearest 1/12) that will elapse between
such date and the making of such payment; by (2) the then outstanding principal amount of such Indebtedness. 
 “Wholly
Owned Domestic Subsidiary” means, with respect to any Person, a Domestic Subsidiary of such Person that is a Wholly Owned Subsidiary. Unless otherwise indicated in this Agreement, all references to Wholly Owned Domestic Subsidiaries
will mean Wholly Owned Domestic Subsidiaries of the Borrower. 
 “Wholly Owned Subsidiary” means, with respect to
any Person, a subsidiary of such Person, all of the Equity Interests of which (other than directors’ qualifying shares or nominee or other similar shares required pursuant to applicable law) are owned by such Person or another Wholly Owned
Subsidiary of such Person. Unless otherwise indicated in this Agreement, all references to Wholly Owned Subsidiaries will mean Wholly Owned Subsidiaries of the Borrower. 

“Withdrawal Liability” means liability to a Multiemployer Plan as a result of a complete or partial withdrawal from
such Multiemployer Plan, as such terms are defined in Part I of Subtitle E of Title IV of ERISA. 
 “Working
Capital” means, with respect to the Borrower and its Subsidiaries on a consolidated basis as of any date of determination, Current Assets at such date of determination minus Current Liabilities at such date of determination;
provided that, for purposes of calculating Excess Cash Flow, increases or decreases in Working Capital will be calculated without regard to any changes in Current Assets or Current Liabilities as a result of (a) reclassification after
the Closing Date in accordance with GAAP of assets or liabilities, as applicable, between current and non-current or (b) the effects of purchase accounting. 

“Write-Down and Conversion Powers” means, with respect to any EEA Resolution Authority, the write-down and conversion
powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for 

  
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the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule. 

SECTION 1.02. Terms Generally. The definitions set forth or referred to in Section 1.01 will apply equally to both the singular
and plural forms of the terms defined. Whenever the context may require, any pronoun will include the corresponding masculine, feminine and neuter forms. Unless the context requires otherwise, 

(1) the words “include,” “includes” and “including” will be deemed to be followed by the phrase
“without limitation”; 
 (2) in the computation of periods of time from a specified date to a later specified date,
the word “from” means “from and including”; the words “to” and “until” each mean “to but excluding” and the word “through” means “to and including”; 

(3) the word “will” will be construed to have the same meaning and effect as the word “shall”; 

(4) the word “incur” will be construed to mean incur, create, issue, assume, become liable in respect of or suffer to
exist (and the words “incurred” and “incurrence” will have correlative meanings); 
 (5) any reference to
any Person will be construed to include such Person’s legal successors and permitted assigns; and 
 (6) the words
“asset” and “property” will be construed to have the same meaning and effect. 
 All references herein to Articles,
Sections, Exhibits and Schedules will be deemed references to Articles and Sections of, and Exhibits and Schedules to, this Agreement unless the context otherwise requires. Except as otherwise expressly provided herein, any reference in this
Agreement to any Loan Document or organizational document of the Loan Parties means such document as amended, restated, supplemented and/or otherwise modified from time to time (subject to any restrictions on such amendments, supplements or
modifications set forth herein or in any other Loan Document). Any reference to any law will include all statutory and regulatory provisions consolidating, amending, replacing or interpreting such law and any reference to any law or regulation
means, unless otherwise specified, such law or regulation as amended, modified or supplemented from time to time. Whenever this Agreement refers to the “knowledge” of the Borrower or any Loan Party, such reference will be construed to mean
the knowledge of the chief executive officer, president, chief financial officer, treasurer or controller of such Person. 
 SECTION 1.03.
Accounting Terms; GAAP. 
 (a) Except as otherwise expressly provided herein, all terms of an accounting or financial nature will be
construed in accordance with GAAP, as in effect from time to time; provided that, notwithstanding anything to the contrary herein, all accounting or financial terms used herein will be construed, and all financial computations pursuant hereto
will be made, without giving effect to any election under Statement of Financial Accounting Standards Board Accounting Standards Codification 825 10 (or any other Statement of Financial Accounting Standards Board Accounting Standards Codification
having a similar effect) to value any Indebtedness or other liabilities of the Borrower or any Subsidiary at “fair value,” as defined therein. In the event that any Accounting Change (as defined below) occurs and such change results in a
change in the method of calculation of financial ratios, standards or terms in this Agreement, then upon the written request of the Borrower or the Administrative Agent (acting upon the request of the Required Lenders), the Borrower, the
Administrative Agent and the Lenders will enter into good faith negotiations in order to amend such provisions of this Agreement so as to equitably reflect such Accounting Change with the desired result that the criteria for evaluating the
Borrower’s financial condition will be the same after such Accounting Change as if such Accounting Change had not occurred; provided that provisions of this Agreement in effect on the date of such Accounting Change will remain in effect
until the effective date of such amendment. “Accounting Change” means (1) any change in accounting principles required by the promulgation of any rule, regulation, pronouncement or opinion by the Financial
Accounting Standards Board of the American Institute of Certified Public Accountants or (2) any change in the application of GAAP by Holdings or the Borrower. 

  
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 (b) As used herein, the term “fiscal quarter” shall mean each period ending on the
date that is thirteen (13) weeks after the fiscal year end of the Borrower. Prior to the end of each fiscal year of the Borrower, the Borrower shall provide written notice to the Administrative Agent identifying the date of each fiscal year
end. The Borrower may, upon written notice to the Administrate Agent, change any fiscal quarter. 
 SECTION 1.04. Effectuation of
Transfers. Each of the representations and warranties of Holdings and the Borrower contained in this Agreement (and all corresponding definitions) is made after giving effect to the Transactions (assuming that the payment of the Distribution
occurs on the Closing Date), unless the context otherwise requires. 
 SECTION 1.05. Currencies. Unless otherwise specifically set
forth in this Agreement, monetary amounts are in Dollars. Notwithstanding anything to the contrary herein, no Default or Event of Default will arise as a result of any limitation or threshold set forth in Dollars being exceeded solely as a result of
changes in currency exchange rates. 
 SECTION 1.06. Required Financial Statements. With respect to the determination of the Senior
Secured First Lien Net Leverage Ratio, the Total Secured Net Leverage Ratio, the Total Net Leverage Ratio, the Interest Coverage Ratio, or under any other applicable provision of the Loan Documents (including the definition of Immaterial Subsidiary)
made on or prior to the date on which Required Financial Statements have been delivered for the first fiscal quarter ending after the Closing Date, such calculation will be determined for the period of four consecutive fiscal quarters most recently
ended prior to the Closing Date, and calculated on a Pro Forma Basis. Notwithstanding anything to the contrary herein, for purposes of determining compliance with any test contained in this Agreement with respect to any period during which any
Specified Transaction occurs, the Senior Secured First Lien Net Leverage Ratio, the Total Secured Net Leverage Ratio, the Total Net Leverage Ratio, the Interest Coverage Ratio or under any other applicable provision of the Loan Documents (including
the definition of Immaterial Subsidiary) shall be calculated with respect to such period and such Specified Transaction on a Pro Forma Basis. 

SECTION 1.07. Certain Calculations and Tests. 

(a) Notwithstanding anything in this Agreement or any Loan Document to the contrary, when calculating any applicable ratio or determining other
compliance with this Agreement (including the determination of compliance with any provision of this Agreement which requires that no Default or Event of Default has occurred, is continuing or would result therefrom) in connection with a Specified
Transaction undertaken in connection with the consummation of a Limited Condition Acquisition, the date of determination of such ratio and determination of whether any Default or Event of Default has occurred, is continuing or would result therefrom
or other applicable covenant or condition shall, at the option of the Borrower (the Borrower’s election to exercise such option in connection with any Limited Condition Acquisition, an “LCA Election”), be deemed to be
the date the definitive acquisition agreement for such Limited Condition Acquisition are entered into (the “LCA Test Date”) and if, after such ratios and other provisions are measured or tested on a Pro Forma Basis after
giving effect to such Limited Condition Acquisition and the other Specified Transactions to be entered into in connection therewith (including any incurrence of Indebtedness and the use of proceeds thereof) as if they occurred at the beginning of
the four consecutive fiscal quarter period being used to calculate such financial ratio ending prior to the LCA Test Date, the Borrower could have taken such action on the relevant LCA Test Date in compliance with such ratios and provisions, such
provisions shall be deemed to have been complied with. For the avoidance of doubt, (x) if any of such ratios are exceeded as a result of fluctuations in such ratio (including due to fluctuations in Consolidated EBITDA of the Borrower) at or
prior to the consummation of the relevant Limited Condition Acquisition, such ratios and other provisions will not be deemed to have been exceeded as a result of such fluctuations solely for purposes of determining whether the Limited Condition
Acquisition is permitted hereunder and (y) such ratios and other provisions shall not be tested at the time of consummation of such Limited Condition Acquisition or related Specified Transactions. If the Borrower has made an LCA Election for
any Limited Condition Acquisition, then in connection with any subsequent calculation of any ratio or basket availability with respect to any other Specified Transaction on or following the relevant LCA Test Date and prior to the earlier of the date
on which such Limited Condition Acquisition is consummated or the date that the definitive acquisition agreement for such Limited Condition Acquisition is terminated or expires without consummation of such Limited Condition Acquisition, any such
ratio or basket shall be calculated on (1) a Pro Forma Basis assuming such Limited Condition Acquisition and other transactions in connection therewith (including any incurrence of Indebtedness and the use of proceeds thereof) have been
consummated and (2) on 

  
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a Pro Forma Basis but without giving effect to such Limited Condition Acquisition and other transactions in connection therewith (including any incurrence of Indebtedness and use of proceeds
thereof). 
 (b) Notwithstanding anything to the contrary herein, with respect to any amounts incurred or transactions entered into (or
consummated) in reliance on a provision of this Agreement under any covenant that does not require compliance with a financial ratio or test (including, without limitation, pro forma compliance with any Senior Secured First Lien Net Leverage Ratio
test, Total Secured Net Leverage Ratio test, Total Net Leverage Ratio test and/or any Interest Coverage Ratio test) (any such amounts including the Non-Ratio Based Incremental Facilities Cap, the “Fixed Amounts”)
substantially concurrently with any amounts incurred or transactions entered into (or consummated) in reliance on a provision of this Agreement under the same covenant as such Fixed Amount that requires compliance with any such financial ratio or
test (any such amounts, the “Incurrence Based Amounts”), it is understood and agreed that the Fixed Amounts being substantially concurrently incurred (other than, in the case of any Fixed Amounts contained in
Section 6.01 or Section 6.02, any refinancings of any Indebtedness that was previously incurred) and any substantially concurrent borrowings under the Second Lien Credit Agreement, the ABL Credit Agreement or any Permitted Refinancing
Indebtedness in respect thereof (and any cash proceeds thereof) shall be disregarded in the calculation of the financial ratio or test applicable to the Incurrence Based Amounts in connection with such substantially concurrent incurrence. 

SECTION 1.08. Cashless Rolls. Notwithstanding anything to the contrary contained in this Agreement or in any other Loan Document, to
the extent that any Lender extends the maturity date of, or replaces, renews or refinances, any of its then-existing Term Loans with Incremental Term Loans, Other Term Loans, Extended Term Loans or loans incurred under a new credit facility, in each
case, to the extent such extension, replacement, renewal or refinancing is effected by means of a “cashless roll” by such Lender, such extension, replacement, renewal or refinancing shall be deemed to comply with any requirement hereunder
or any other Loan Document that such payment be made “in Dollars” or the relevant alternate currency, “in immediately available funds”, “in Cash” or any other similar requirement. 

ARTICLE II 
 The Credits

 SECTION 2.01. Term Loans and Borrowings. 

(1) Subject to the terms and conditions set forth herein, each Tranche B Term Loan Lender severally agrees to make to the Borrower Tranche B
Term Loans denominated in Dollars equal to such Tranche B Term Loan Lender’s Tranche B Term Loan Commitment on the Closing Date. The Tranche B Term Loans will be funded to the Borrower net of an upfront fee of 0.25% of the principal amount
thereof which will be retained by each funding Tranche B Term Loan Lender for its own account. 
 The failure of any Lender to make any Term
Loan required to be made by it will not relieve any other Lender of its obligations hereunder; provided that the Commitments of the Lenders are several and no Lender will be responsible for any other Lender’s failure to make Term Loans
as required. Amounts paid or prepaid in respect of Term Loans may not be reborrowed. 
 (2) Subject to Sections 2.04(7) and 2.11, each
Borrowing will be comprised entirely of ABR Loans or Eurocurrency Loans as the Borrower may request in accordance herewith. Each Lender at its option may make any ABR Loan or Eurocurrency Loan by causing any domestic or foreign branch or Affiliate
of such Lender to make such Term Loan; provided that any exercise of such option will not affect the obligation of the Borrower to repay such Term Loan in accordance with the terms of this Agreement, and such Lender will not be entitled to
any amounts payable under Section 2.12 or 2.14 solely in respect of increased costs resulting from, and existing at the time of, such exercise. 

(3) Notwithstanding any other provision of this Agreement, the Borrower will not be entitled to request, or to elect to convert or continue,
any Borrowing if the Interest Period requested with respect thereto would end after the Maturity Date. 

  
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 SECTION 2.02. Request for Borrowing. The Borrower will deliver to the Administrative
Agent a Borrowing Request not later than: (a) in the case of an ABR Borrowing, 11:00 a.m., New York City time, one Business Day prior to the anticipated Closing Date (or such later time as the Administrative Agent may agree in its sole
discretion) or (b) in the case of a Eurocurrency Borrowing, 11:00 a.m., New York City time, one Business Day prior to the anticipated Closing Date (or such later time as the Administrative Agent may agree in its sole discretion), requesting
that the Lenders make Term Loans on the Closing Date. The Borrowing Request must specify: 
 (1) the principal amount of
Tranche B Term Loans to be borrowed; 
 (2) the requested date of the Borrowing (which will be a Business Day); 

(3) the Type of Tranche B Term Loans to be borrowed; 

(4) in the case of a Eurocurrency Borrowing, the initial Interest Period to be applicable thereto, which will be a period
contemplated by the definition of the term “Interest Period”; and 
 (5) the location and number of the
Borrower’s account to which funds are to be disbursed. 
 If no election as to the Type of Borrowing is specified in the applicable
Borrowing Request, then the Borrowing shall be an ABR Borrowing. If no Interest Period with respect to any Eurocurrency Borrowing is specified in the applicable Borrowing Request, then the Borrower will be deemed to have selected an Interest Period
of one-month’s duration. Upon receipt of such Borrowing Request, the Administrative Agent will promptly notify each Lender thereof. The proceeds of the Term Loans requested under this Section 2.02 will be disbursed by the Administrative
Agent in immediately available funds by wire transfer to such bank account or accounts as designated by the Borrower in the Borrowing Request. 

SECTION 2.03. Funding of Borrowings. 

(1) Each Lender will make each Tranche B Term Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately
available funds by 10:00 a.m., New York City time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders. Upon receipt of all requested funds, the Administrative Agent will make such Term
Loans available to the Borrower by promptly wiring the amounts so received, in like funds, to an account of the Borrower as specified in the Borrowing Request (or as otherwise directed by the Borrower). 

(2) Unless the Administrative Agent has received written notice from a Lender prior to the proposed date of any Borrowing that such Lender
will not make available to the Administrative Agent such Lender’s share of such Borrowing, the Administrative Agent may assume that such Lender has made such share available on such date in accordance with paragraph (1) of this
Section 2.03 and may, in reliance upon such assumption, make available to the Borrower a corresponding amount. In such event, if a Lender has not in fact made its share of the applicable Borrowing available to the Administrative Agent, then the
applicable Lender and the Borrower severally agree to pay to the Administrative Agent, forthwith on demand (without duplication) such corresponding amount with interest thereon, for each day from and including the date such amount is made available
to the Borrower to but excluding the date of payment to the Administrative Agent at (a) in the case of such Lender, the greater of (i) the Federal Funds Rate and (ii) a rate determined by the Administrative Agent in accordance with
banking industry rules on interbank compensation or (b) in the case of the Borrower, the interest rate applicable to ABR Loans at such time. If such Lender pays such amount to the Administrative Agent then such amount will constitute such
Lender’s Term Loan included in such Borrowing. 
 SECTION 2.04. Interest Elections. 

(1) Each Borrowing initially will be of the Type specified in the applicable Borrowing Request and, in the case of a Eurocurrency Borrowing,
will have an initial Interest Period as specified in such Borrowing Request. Thereafter, the Borrower may elect to convert such Borrowing to a different Type or to continue such Borrowing and, in the case of a Eurocurrency Borrowing, may elect
Interest Periods therefor, all as provided in this Section 

  
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2.04. The Borrower may elect different options with respect to different portions of the affected Borrowing, in which case each such portion will be allocated ratably among the Lenders holding
the Term Loans comprising such Borrowing, and the Term Loans comprising each such portion will be considered a separate Borrowing; provided that the Term Loans comprising any Borrowing will be in an aggregate principal amount that is an
integral multiple of $500,000 and not less than $1,000,000; provided, further, that there shall not be more than ten Eurocurrency Borrowings outstanding hereunder at any time. 

(2) To make an election pursuant to this Section 2.04 following the Closing Date, the Borrower will notify the Administrative Agent of
such election in writing (a) in the case of an election to convert to or continue a Eurocurrency Borrowing, not later than 2:00 p.m., New York City time, three Business Days before the effective date of such election or (b) in the case of
an election to convert to an ABR Borrowing, not later than 2:00 p.m., New York City time, one Business Day prior to such election (provided that, to make an election to convert any Eurocurrency Borrowing to an ABR Borrowing prior to the end
of the effective Interest Period of such Eurocurrency Borrowing, the Borrower must notify the Administrative Agent not later than 2:00 p.m., two Business Days before the effective date of such election). 

(3) Each written Interest Election Request will be irrevocable and will be substantially in the form of Exhibit D and signed by the
Borrower and will specify the following information: 
 (a) the Borrowing to which such Interest Election Request applies
and, if different options are being elected with respect to different portions thereof, the portions thereof to be allocated to each resulting Borrowing (in which case the information to be specified pursuant to clauses (c) and (d) below
will be specified for each resulting Borrowing); 
 (b) the effective date of the election made pursuant to such Interest
Election Request, which will be a Business Day; 
 (c) whether the resulting Borrowing is to be an ABR Borrowing or a
Eurocurrency Borrowing; and 
 (d) if the resulting Borrowing is a Eurocurrency Borrowing, the Interest Period to be
applicable thereto after giving effect to such election, which will be a period contemplated by the definition of “Interest Period.” 

(4) If any such Interest Election Request requests a Eurocurrency Borrowing but does not specify an Interest Period, then the Borrower will be
deemed to have selected a Eurocurrency Borrowing having an Interest Period of one month’s duration. 
 (5) Promptly following receipt
of an Interest Election Request, the Administrative Agent will advise each applicable Lender of the details thereof and of such Lender’s portion of each resulting Borrowing. 

(6) If the Borrower fails to deliver a timely Interest Election Request with respect to a Eurocurrency Borrowing prior to the end of the
Interest Period applicable thereto, then, unless such Borrowing is repaid as provided herein, at the end of such Interest Period such Borrowing will be automatically converted into an ABR Borrowing. 

(7) Any portion of a Borrowing maturing or required to be repaid in less than one month may not be converted into or continued as a
Eurocurrency Borrowing. 
 (8) Notwithstanding any contrary provision hereof, if an Event of Default has occurred and is continuing and the
Administrative Agent, at the written request (including a request through electronic means) of the Required Lenders, so notifies the Borrower, then, so long as such Event of Default is continuing, (a) no outstanding Borrowing may be converted
to or continued as a Eurocurrency Borrowing and (b) unless repaid, each Eurocurrency Borrowing will be converted to an ABR Borrowing at the end of the Interest Period applicable thereto. 

  
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 SECTION 2.05. Promise to Pay; Evidence of Debt. 

(1) The Borrower hereby unconditionally promises to pay to the Administrative Agent for the account of each Lender the then unpaid principal
amount of each Term Loan of such Lender as provided in Section 2.06. 
 (2) Each Lender will maintain in accordance with its usual
practice an account or accounts evidencing the Indebtedness of the Borrower to such Lender resulting from each Term Loan made by such Lender, including the amounts of principal and interest payable and paid to such Lender from time to time
hereunder. 
 (3) The Administrative Agent will maintain accounts in which it will record (a) the amount of each Term Loan made
hereunder, the Type thereof and the Interest Period (if any) applicable thereto, (b) the amount of any principal or interest due and payable or to become due and payable from the Borrower to each Lender hereunder and (c) any amount
received by the Administrative Agent hereunder for the account of the Lenders and each Lender’s share thereof. 
 (4) The entries made
in the accounts maintained pursuant to paragraph (2) or (3) of this Section 2.05 will be prima facie evidence of the existence and amounts of the obligations recorded therein; provided that the failure of any Lender or
the Administrative Agent to maintain such accounts or any error therein will not in any manner affect the obligation of the Borrower to repay the Term Loans in accordance with the terms of this Agreement. In the event of any conflict between the
accounts and records maintained by any Lender and the accounts and records of the Administrative Agent in respect of such matters, the accounts and records of the Administrative Agent shall control in the absence of manifest error. 

(5) Any Lender may request that Term Loans made by it be evidenced by a promissory note (a “Note”) substantially in the form of
Exhibit G. In such event, the Borrower will prepare, execute and deliver to such Lender a Note payable to such Lender (or, if requested by such Lender, to such Lender and its registered assigns) and in a form approved by the Administrative Agent
and reasonably acceptable to the Borrower. Thereafter, the Term Loans evidenced by such Note and interest thereon will at all times (including after assignment pursuant to Section 10.04) be represented by one or more Notes in such form payable
to the payee named therein (or, if requested by such payee, to such payee and its registered assigns). 
 SECTION 2.06. Repayment of Term
Loans. 
 (1) The Borrower will repay to the Administrative Agent for the ratable account of the applicable Lenders with Tranche B Term
Loans on the last Business Day of each fiscal quarter of the Borrower, commencing with the last Business Day of the fiscal quarter of the Borrower ending on or about July 31, 2017, an aggregate principal amount equal to 0.25% of the aggregate
principal amount of the Tranche B Term Loans funded on the Closing Date, which payments will be reduced as a result of the application of prepayments of Tranche B Term Loans in accordance with the order of priority set forth in Section 2.07 or
2.08, as applicable (each such date being referred to as an “Original Term Loan Installment Date”); 
 (2)
(a) In the event that any Incremental Term Loans are made, the Borrower will repay Borrowings consisting of Incremental Term Loans on the dates (each an “Incremental Term Loan Installment Date”) and in the amounts set
forth in the applicable Incremental Facility Amendment, (b) in the event that any Other Term Loans are made, the Borrower will repay Borrowings consisting of Other Term Loans on the dates (each an “Other Term Loan Installment
Date”) and in the amounts set forth in the applicable Refinancing Amendment and (c) in the event that any Extended Term Loans are made, the Borrower will repay Borrowings consisting of Extended Term Loans on the dates (each an
“Extended Term Loan Installment Date”) and in the amounts set forth in the applicable Extension Amendment; and 

(3) to the extent not previously paid, all outstanding Term Loans will be due and payable on the applicable Maturity Date; 

together, in each case, with accrued and unpaid interest on the principal amount to be paid to but excluding the date of such payment. 

  
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 SECTION 2.07. Optional Prepayment of Term Loans. The Borrower may at any time and
from time to time prepay the Tranche B Term Loans and/or any other Term Loans of any Class, in whole or in part, without premium or penalty (except as provided in Section 2.21 and subject to Section 2.13), in an aggregate principal amount,
(1) in the case of Eurocurrency Loans, that is an integral multiple of $1.0 million and not less than $5.0 million, and (2) in the case of ABR Loans, that is an integral multiple of $1.0 million and not less than $5.0 million, or, in each
case, if less, the amount outstanding. The Borrower will notify the Administrative Agent in writing of such election not later than 11:00 a.m., New York City time, (a) in the case of a Eurocurrency Borrowing, three Business Days before the
anticipated date of such prepayment and (b) in the case of an ABR Borrowing, one Business Day before the anticipated date of such prepayment. Each such notice of prepayment will specify the prepayment date and the principal amount of each
Borrowing (or portion thereof) to be prepaid and shall be substantially in the form of Exhibit H. All prepayments under this Section 2.07 will be accompanied by accrued and unpaid interest on the principal amount to be prepaid to but
excluding the date of payment. Any such notice may be revocable or conditioned on a refinancing of all or any portion of the Term Facility or any other transaction permitted by this Agreement. Any optional prepayments of Tranche B Term Loans and/or
other Term Loans of any Class pursuant to this Section 2.07 will be applied to the remaining scheduled amortization payments of such applicable Class of Term Loans as directed by the Borrower (or in the absence of such direction, in direct
order of maturity, to the amortization payments of such applicable Class of Term Loans) and will be applied ratably to the Term Loans of such Class included in the prepaid Borrowing. 

SECTION 2.08. Mandatory Prepayment of Term Loans. 

(1) The Borrower will apply all Net Cash Proceeds received in an Asset Sale made pursuant to Section 6.05(2) (other than Net Cash Proceeds
attributable to any ABL Priority Collateral Asset Sale) to prepay Term Loans within ten Business Days following receipt of such Net Cash Proceeds, unless the Borrower has delivered a Reinvestment Notice on or prior to such tenth Business Day;
provided that: 
 (a) if any Event of Default has occurred and is continuing, on or prior to the tenth Business Day
following receipt thereof, such Net Cash Proceeds will be deposited in an Asset Sale Proceeds Account; 
 (b) subject to the
other provisions of this Section 2.08(1), on each Reinvestment Prepayment Date the Borrower will apply an amount equal to the Reinvestment Prepayment Amount with respect to the relevant Reinvestment Event to the prepayment of the Term Loans
(together with accrued interest thereon); and 
 (c) if at the time that any such prepayment would be required, the Borrower
is required to, or to offer to, repurchase, redeem, repay or prepay Indebtedness secured on a pari passu basis with the Term Loans (any such Indebtedness, “Other First Lien Indebtedness”), then the
Borrower may apply such Net Cash Proceeds to redeem, repurchase, repay or prepay all Classes of Term Loans and Other First Lien Indebtedness on a pro rata basis (determined on the basis of the aggregate outstanding principal amount of the
Term Loans and Other First Lien Indebtedness at such time); 
 provided, further, that the portion of such Net Cash Proceeds allocated to the Other
First Lien Indebtedness will not exceed the amount of such Net Cash Proceeds required to be allocated to the Other First Lien Indebtedness pursuant to the terms thereof, and the remaining amount, if any, of such Net Cash Proceeds will be allocated
to the prepayment of the Term Loans (in accordance with the terms hereof) and to the repurchase or repayment of Other First Lien Indebtedness, and the amount of the prepayment of the Term Loans that would have otherwise been required pursuant to
this clause (1) will be reduced accordingly; provided, further, that to the extent the holders of Other First Lien Indebtedness decline to have such Indebtedness repurchased, redeemed, repaid or prepaid with such Net Cash Proceeds, the
declined amount of such Net Cash Proceeds will promptly (and in any event within ten Business Days after the date of such rejection) be applied to prepay the Term Loans in accordance with the terms hereof (to the extent such Net Cash Proceeds would
otherwise have been required to be so applied if such Other First Lien Indebtedness was not then outstanding). 

  
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 (2) Commencing with the Excess Cash Flow Period ending on or around January 31, 2018,
not later than 110 days after the end of each Excess Cash Flow Period, the Borrower will calculate Excess Cash Flow for such Excess Cash Flow Period and will apply the following amount to the prepayment of Term Loans: 

(a) the Required Percentage of such Excess Cash Flow; minus  

(b) the amount of any voluntary prepayments during such Excess Cash Flow Period or on or prior to the 110th day after the end
of such Excess Cash Flow Period of: 
 (i) Term Loans (including Incremental Term Loans, Other Term Loans and Extended Term
Loans; provided that if any Incremental Term Loans, Other Term Loans or Extended Term Loans are optionally prepaid on a greater than pro rata basis with the Tranche B Term Loans, such excess optional prepayment shall not reduce the
amount of the Required Percentage of Excess Cash Flow for such period that is required to be applied to prepay Tranche B Term Loans), including any assignment of Term Loans to any Purchasing Borrower Party pursuant to (and in accordance with the
terms of) Section 10.04(14); provided further that only the amount paid by the relevant Purchasing Borrower Party with respect to any such assignment (if less than the par amount of Term Loans so assigned) shall be taken into account for
purposes of calculating the amount of voluntary prepayments during the relevant Excess Cash Flow Period pursuant to this Section 2.08(2); 

(ii) Second Lien Term Loans to the extent such voluntary prepayments are permitted hereunder; 

(iii) ABL Loans (to the extent accompanied by a corresponding reduction in the commitments); 

(iv) Other First Lien Indebtedness (and, in the case of any revolving indebtedness, to the extent accompanied by a
corresponding reduction in the commitments); or 
 (v) Permitted Refinancing Indebtedness incurred to Refinance any of the
foregoing Indebtedness (or Permitted Refinancing Indebtedness described in this clause (v)), in each case that is secured on a pari passu basis with the Term Loans (and, in the case of any revolving indebtedness, to the extent accompanied by
a corresponding reduction in the commitments); 
 in each case, to the extent not financed with the proceeds of the issuance or the
incurrence of Indebtedness (other than proceeds of revolving loans), the sale or issuance of Equity Interests, Specified Sale and Lease-Back Net Proceeds or Asset Sales; provided that any such voluntary prepayment that is made on or prior to
the 110th day after the end of such Excess Cash Flow Period will not reduce Excess Cash Flow for the next succeeding Excess Cash Flow Period pursuant to this clause (b). 

Not later than the date on which the Borrower is required to deliver financial statements with respect to the end of each Excess Cash Flow Period under
Section 5.04(1), the Borrower will deliver to the Administrative Agent a certificate signed by a Financial Officer of the Borrower setting forth the amount, if any, of Excess Cash Flow for such fiscal year and the calculation thereof in
reasonable detail. 
 (3) The Borrower will apply 100% of the net cash proceeds from the incurrence, issuance or sale by the Borrower or any
Restricted Subsidiary of any Indebtedness that is not Excluded Indebtedness to the prepayment of Term Loans, on or prior to the date which is five Business Days after the receipt of such net cash proceeds. 

(4) Notwithstanding anything in this Section 2.08 to the contrary, any Lender may elect, by written notice to the Administrative Agent at
least two Business Days prior to the required prepayment date, to decline all or any portion of any mandatory prepayment of its Term Loans pursuant to this Section 2.08 (other than clause (3) of this Section 2.08), in which case the
aggregate amount of the prepayment that would have been applied to prepay Term Loans but was so declined may, subject to the terms of the Second Lien Credit Agreement, be retained by the 

  
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 Borrower and applied for any permitted purpose hereunder. Such prepayments will be applied on a pro
rata basis to the then outstanding Term Loans of all Classes being prepaid irrespective of whether such outstanding Term Loans are ABR Loans or Eurocurrency Loans; provided that if no Lenders exercise the right to waive a given mandatory
prepayment of the Term Loans pursuant to this Section 2.08(4), then, with respect to such mandatory prepayment, the amount of such mandatory prepayment will be applied first to Term Loans that are ABR Loans to the full extent thereof before
application to Term Loans that are Eurocurrency Loans in a manner that minimizes the amount of any payments required to be made by the Borrower pursuant to Section 2.13. 

(5) The Borrower will deliver to the Administrative Agent, at the time of each prepayment required under this Section 2.08, (a) a
certificate signed by a Financial Officer of the Borrower setting forth in reasonable detail the calculation of the amount of such prepayment and (b) to the extent practicable, at least three Business Days prior written notice of such
prepayment. Each notice of prepayment shall specify the prepayment date, the Type of each Term Loan being prepaid, the principal amount of each Term Loan (or portion thereof) to be prepaid, and the Section, sub-section or clause of this Agreement
pursuant to which such prepayment is being made. Prepayment of the Term Loans pursuant to this Section 2.08 will be made without premium or penalty, accompanied by accrued and unpaid interest on the principal amount to be prepaid to but
excluding the date of payment, and applied as directed by the Borrower or, absent such direction, to reduce scheduled amortization payments of Term Loans under Section 2.06(1) in direct order of maturity; provided that any prepayment of
Incremental Term Loans, Other Term Loans or Extended Term Loans will be applied in the order specified in the applicable Permitted Amendment. No payments under Section 2.13 will be required in connection with a prepayment of Term Loans pursuant
to this Section 2.08. In the event of any prepayment of Term Loans pursuant to this Section 2.08 at a time when Term Loans of more than one Class remain outstanding, the aggregate amount of such prepayment will be allocated between each
Class of Term Loans pro rata based on the aggregate principal amount of outstanding Term Loans of each such Class (except as otherwise provided in the applicable Permitted Amendment, in each case with respect to the applicable Class of Term
Loans). 
 (6) If the Borrower or any of its Restricted Subsidiaries enters into a Specified Sale and Lease-Back Transaction after the
Closing Date, which results in the receipt by the Borrower or such Restricted Subsidiary of Specified Sale and Lease-Back Net Proceeds, the Borrower shall prepay on or prior to the date which is ten Business Days after the date of receipt of such
Specified Sale and Lease-Back Net Proceeds an aggregate principal amount of Term Loans equal to 100.0% of such Specified Sale and Lease-Back Net Proceeds (other than Net Cash Proceeds attributable to any ABL Priority Collateral Asset Sale). 

(7) Notwithstanding any provisions of this Section 2.08 to the contrary, 

(a) to the extent that any or all of the Net Cash Proceeds or Excess Cash Flow giving rise to a prepayment event pursuant to
this Section 2.08 is prohibited or delayed by (i) applicable local law (including laws related to financial assistance, corporate benefit, thin capitalization, capital maintenance, liquidity maintenance and similar legal principles, and in
respect of restrictions on upstreaming of cash intra-group and the fiduciary and statutory duties of the Board of Directors of the applicable Restricted Subsidiaries) or (ii) material organizational document restrictions as a result of minority
ownership, in each case from being repatriated to the United States, the portion of such Net Cash Proceeds or Excess Cash Flow so affected will not be required to be applied to prepay Term Loans at the times provided in this Section 2.08, but
may be retained by the Borrower or the applicable Subsidiary for so long, but only so long, as the applicable local law or restriction will not permit repatriation to the United States. Once such repatriation of any of such affected Net Cash
Proceeds or Excess Cash Flow is permitted under the applicable local law or restriction, such repatriation will be effected promptly and such repatriated Net Cash Proceeds or Excess Cash Flow will be promptly applied (net of additional taxes payable
or reserved against as a result thereof) to the prepayment of the Term Loans pursuant to this Section 2.08 to the extent provided herein; provided that the Borrower hereby agrees, and will cause any applicable Subsidiary, to promptly
take all commercially reasonable actions required by applicable local law to permit any such repatriation; or 
 (b) to the
extent that a Responsible Officer of the Borrower has reasonably determined in good faith that repatriation of any of or all the Net Cash Proceeds or Excess Cash Flow giving rise to a prepayment event pursuant to this Section 2.08 would have an
adverse tax cost consequence, the Net Cash Proceeds or Excess Cash Flow so affected will not be required to be applied to prepay Term Loans at the 

  
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times provided in this Section 2.08, but may be retained by the Borrower or the applicable Subsidiary without being repatriated; provided that, in the case of this subclause (b), on
or before the date on which any Net Cash Proceeds so retained would otherwise have been required to be applied to reinvestments or prepayments pursuant to this Section 2.08 (or such Excess Cash Flow would have been so required if it were Net
Cash Proceeds to be applied to a prepayment): 
 (i) the Borrower applies an amount equal to such Net Cash Proceeds or Excess
Cash Flow to such reinvestments or prepayments as if such Net Cash Proceeds or Excess Cash Flow had been repatriated, less the amount of additional taxes that would have been payable or reserved against if such Net Cash Proceeds or Excess Cash Flow
had been repatriated; or 
 (ii) such Net Cash Proceeds or Excess Cash Flow are applied towards the permanent extinguishment
(including, in the case of a revolving facility, a permanent reduction of commitments only) of Indebtedness of any Subsidiary. 
 For purposes of this
Section 2.08(7), references to “law” mean, with respect to any Person, (1) the common law and any federal, state, local, foreign, multinational or international statutes, laws, treaties, judicial decisions, standards, rules and
regulations, guidances, guidelines, ordinances, rules, judgments, writs, orders, decrees, codes, plans, injunctions, permits, concessions, grants, franchises, governmental agreements and governmental restrictions (including administrative or
judicial precedents or authorities), in each case whether now or hereafter in effect, and (2) the interpretation or administration thereof by, and other determinations, directives, requirements or requests of, any Governmental Authority, in
each case whether or not having the force of law and that are applicable to or binding upon such Person or any of its property or to which such Person or any of its property is subject. 

SECTION 2.09. Fees. 
 (1)
The Borrower agrees to pay to the Administrative Agent, for its own account, the fees set forth in that certain Administrative Agency Fee Letter, dated as of February 3, 2017 (the “Administrative Agency Fee Letter”), by
and between the Borrower and Administrative Agent, at the times and on the terms specified therein (the “Administrative Agent Fees”). 

(2) The Administrative Agent Fees will be paid on the dates due and payable, in immediately available funds, to the Administrative Agent at
the Payment Office for distribution, if and as appropriate, among the Lenders. Once paid, none of the Administrative Agent Fees will be refundable under any circumstances. 

SECTION 2.10. Interest. 

(1) The Term Loans comprising each ABR Borrowing will bear interest at the ABR plus the Applicable Margin. 

(2) The Term Loans comprising each Eurocurrency Borrowing will bear interest at the Adjusted LIBO Rate for the Interest Period in effect for
such Borrowing plus the Applicable Margin. 
 (3) Following the occurrence and during the continuation of a Specified Event of Default, the
Borrower will pay interest on overdue amounts hereunder at a rate per annum equal to (i) in the case of overdue principal of, or interest on, any Term Loan, 2.00% plus the rate otherwise applicable to such Term Loan as provided in the
preceding paragraphs of this Section 2.10 or (ii) in the case of any other overdue amount, 2.00% plus the rate applicable to ABR Loans as provided in clause (1) of this Section 2.10. 

(4) Accrued interest on each Term Loan will be payable in arrears (i) on each Interest Payment Date for such Term Loan and (ii) on
the applicable Maturity Date; provided that (A) interest accrued pursuant to paragraph (3) of this Section 2.10 will be payable on demand, (B) in the event of any repayment or prepayment of any Term Loan, accrued interest
on the principal amount repaid or prepaid will be payable on the date of such repayment or prepayment and (C) in the event of any conversion of any Eurocurrency Loan prior to the end of the current Interest Period therefor, accrued interest on
such Term Loan will be payable on the effective date of such conversion. 

  
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 (5) All interest hereunder will be computed on the basis of a year of 360 days, except that
interest computed by reference to the ABR at times when the ABR is based on the prime rate, will be computed on the basis of a year of 365 days (or 366 days in a leap year), and, in each case, will be payable for the actual number of days elapsed
(including the first day but excluding the last day). The applicable ABR, Adjusted LIBO Rate or LIBO Rate will be determined by the Administrative Agent, and such determination will be conclusive absent manifest error. 

SECTION 2.11. Alternate Rate of Interest. If prior to the commencement of any Interest Period for a Eurocurrency Borrowing: 

(1) the Administrative Agent determines (which determination will be conclusive absent manifest error) that adequate and
reasonable means do not exist for ascertaining the Adjusted LIBO Rate or the LIBO Rate, as applicable, for such Interest Period; or 

(2) the Administrative Agent is advised by the Required Lenders that the Adjusted LIBO Rate or the LIBO Rate, as applicable,
for such Interest Period will not adequately and fairly reflect the cost to such Lenders of making or maintaining their Term Loans included in such Borrowing for such Interest Period; 

then the Administrative Agent will give notice thereof to the Borrower and the applicable Lenders by telephone, facsimile transmission or e mail as promptly
as practicable thereafter and, until the Administrative Agent notifies the Borrower and the Lenders that the circumstances giving rise to such notice no longer exist, (a) any Interest Election Request that requests the conversion of any
applicable Borrowing to, or continuation of any such Borrowing as, a Eurocurrency Borrowing will be ineffective and such Borrowing will be converted to or continued as on the last day of the Interest Period applicable thereto an ABR Borrowing and
(b) if any Borrowing Request requests a Eurocurrency Borrowing, such Borrowing will be made as an ABR Borrowing. 
 SECTION 2.12.
Increased Costs. 
 (1) If any Change in Law: 

(a) imposes, modifies or deems applicable any reserve, special deposit, compulsory loan, insurance charge or similar
requirement against assets of, deposits with or for the account of, or credit extended or participated in by, any Lender (except any such reserve requirement reflected in the Adjusted LIBO Rate); 

(b) imposes on any Lender or the London interbank market any other condition (other than Taxes), costs or expense affecting
this Agreement or Eurocurrency Loans made by such Lender; or 
 (c) subjects any Recipient to any Taxes (other than
(i) Indemnified Taxes, (ii) Taxes described in clauses (2) through (4) of the definition of Excluded Taxes and (iii) Connection Income Taxes) with respect to its loans, loan principal, letters of credit, commitments or other
obligations, or deposits, reserves, other liabilities or capital attributable thereto; 
 and the result of any of the foregoing is to increase the cost to
such Lender of making or maintaining any Eurocurrency Loan (or of maintaining its obligation to make any such Term Loan) or to reduce the amount of any sum received or receivable by such Lender hereunder (whether of principal, interest or
otherwise), then the Borrower will pay to such Lender such additional amount or amounts as will compensate such Lender for such additional costs incurred or reduction suffered. 

(2) If any Lender determines that any Change in Law regarding capital or liquidity requirements has or would have the effect of reducing the
rate of return on such Lender’s capital or on the capital of such Lender’s holding company, if any, as a consequence of this Agreement, the Commitments of such Lender or the Term Loans made by such Lender, to a level below that which such
Lender or such Lender’s holding company could have achieved but for such Change in Law (taking into consideration such Lender’s policies and the policies of such Lender’s holding company with respect to capital adequacy or liquidity),
then from time to time the Borrower will 

  
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pay to such Lender such additional amount or amounts as will compensate such Lender or such Lender’s holding company for any such reduction suffered. 

(3) A certificate of a Lender setting forth the amount or amounts necessary to compensate such Lender or its holding company, as applicable,
as specified in paragraph (1) or (2) of this Section 2.12 will be delivered to the Borrower and will be conclusive absent manifest error. The Borrower will pay such Lender the amount shown as due on any such certificate within ten
days after receipt thereof. 
 (4) Promptly after any Lender has determined that it will make a request for increased compensation pursuant
to this Section 2.12, such Lender will notify the Borrower thereof. Failure or delay on the part of any Lender to demand compensation pursuant to this Section 2.12 will not constitute a waiver of such Lender’s right to demand such
compensation; provided that the Borrower will not be required to compensate a Lender pursuant to this Section 2.12 for any increased costs or reductions incurred more than 180 days prior to the date that such Lender notifies the Borrower
of the Change in Law giving rise to such increased costs or reductions and of such Lender’s intention to claim compensation therefor; provided, further, that if the Change in Law giving rise to such increased costs or reductions is
retroactive, then the 180 day period referred to above will be extended to include the period of retroactive effect thereof. 
 SECTION
2.13. Break Funding Payments. Except as otherwise set forth herein, the Borrower will compensate each Lender for the actual out-of-pocket loss, cost and expense (excluding loss of anticipated profits) attributable to the following events:

 (1) the payment of any principal of any Eurocurrency Loan other than on the last day of an Interest Period applicable
thereto (including as a result of an Event of Default); 
 (2) the conversion of any Eurocurrency Loan other than on the last
day of the Interest Period applicable thereto; 
 (3) the failure to borrow, convert, continue or prepay any Eurocurrency
Loan on the date specified in any notice delivered pursuant hereto; or 
 (4) the assignment of any Eurocurrency Loan other
than on the last day of the Interest Period applicable thereto as a result of a request by the Borrower pursuant to Section 2.16. 
 A
certificate of any Lender setting forth in reasonable detail any amount or amounts that such Lender is entitled to receive pursuant to this Section 2.13 will be delivered to the Borrower and will be conclusive absent manifest error. The
Borrower will pay such Lender the amount shown as due on any such certificate within ten days after receipt thereof. 
 SECTION 2.14.
Taxes. 
 (1) Any and all payments by or on account of any obligation of any Loan Party hereunder will be made free and clear of and
without deduction for any Taxes, except as required by applicable law; provided that if any Taxes are required to be deducted by any applicable withholding agent under any applicable law from such payments (as determined in the good faith
discretion of the Loan Party or the applicable withholding agent), then (a) the applicable withholding agent will make such deductions; (b) the applicable withholding agent will timely pay the full amount deducted to the relevant
Governmental Authority in accordance with applicable law, and (c) if such Tax is an Indemnified Tax, the sum payable by the Loan Party will be increased as necessary so that after making all required deductions (including deductions applicable
to additional sums payable under this Section 2.14) the Administrative Agent or any Lender, as applicable, receives an amount equal to the amount it would have received had no such deductions been made. 

(2) In addition, the Loan Parties will pay any Other Taxes to the relevant Governmental Authority in accordance with applicable law. 

  
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 (3) The Loan Parties will indemnify the Administrative Agent and each Lender, within ten
days after written demand therefor, for the full amount of any Indemnified Taxes paid by the Administrative Agent or such Lender on or with respect to any payment by or on account of any obligation of such Loan Party hereunder (including Indemnified
Taxes imposed or asserted on or attributable to amounts payable under this Section 2.14) and any reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes were correctly or legally imposed or asserted
by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to such Loan Party by a Lender, or by the Administrative Agent on its own behalf or on behalf of a Lender, will be conclusive absent
manifest error. 
 (4) As soon as practicable after any payment of Indemnified Taxes by a Loan Party to a Governmental Authority pursuant to
this Section 2.14, such Loan Party will deliver to the Administrative Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of the return reporting such payment or other
evidence of such payment reasonably satisfactory to the Administrative Agent. 
 (5) 

(a) Any Lender that is entitled to an exemption from or reduction of withholding Tax with respect to payments made under any
Loan Document will deliver to the Borrower and the Administrative Agent, at the time or times reasonably requested by the Borrower or the Administrative Agent, such properly completed and executed documentation reasonably requested by the Borrower
or the Administrative Agent as will permit such payments to be made without withholding or at a reduced rate of withholding. In addition, any Lender, if reasonably requested by the Borrower or the Administrative Agent, will deliver such other
documentation prescribed by applicable law or reasonably requested by the Borrower or the Administrative Agent as will enable the Borrower or the Administrative Agent to determine whether or not such Lender is subject to backup withholding or
information reporting requirements. Notwithstanding anything to the contrary in the preceding two sentences, the completion, execution and submission of such documentation (other than such documentation set forth in Sections 2.14(5)(b), 2.14(5)(c)
and
 2.14(6) below) will not be required if in the Lender’s reasonable judgment such completion, execution or submission would subject such Lender to any material unreimbursed cost or expense or would materially prejudice the legal or
commercial position of such Lender. 
 (b) Without limiting the effect of Section 2.14(5)(a) above, each Lender that is
a U.S. Person will deliver to the Borrower and the Administrative Agent on or prior to the date on which such Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the
Administrative Agent), original copies of Internal Revenue Service Form W-9 certifying that such Lender is exempt from U.S. federal backup withholding tax. 

(c) Without limiting the effect of Section 2.14(5)(a) above, each Foreign Lender will, to the extent it is legally
entitled to do so, deliver to the Borrower and the Administrative Agent (in such number of copies as shall be requested by the Recipient) on or prior to the date on which such Foreign Lender becomes a Lender under this Agreement (and from time to
time thereafter upon the reasonable request of the Borrower or the Administrative Agent), two original copies of whichever of the following is applicable: 

(i) duly completed copies of Internal Revenue Service Form W-8BEN or W-8BENE, as applicable (or any subsequent versions thereof
or successors thereto), claiming eligibility for benefits of an income tax treaty to which the United States of America is a party; 

(ii) duly completed copies of Internal Revenue Service Form W-8ECI (or any subsequent versions thereof or successors thereto);

 (iii) in the case of a Foreign Lender claiming the benefits of the exemption for portfolio interest under
Section 871(h) or 881(c) of the Code, (A) a certificate substantially in the form of the applicable Exhibit F to the effect that such Foreign Lender is not: 

(x) a “bank” within the meaning of Section 881(c)(3)(A) of the Code; 

  
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 (y) a “10 percent shareholder” of the Borrower within the meaning
of Section 871(h)(3) or 881(c)(3)(B) of the Code; or 
 (z) a “controlled foreign corporation” described in
Section 881(c)(3)(C) of the Code; and 
 (B) duly completed copies of Internal Revenue Service Form W 8BEN or W-8BEN-E, as applicable
(or any subsequent versions thereof or successors thereto); 
 (iv) duly completed copies of Internal Revenue Service Form
W-8IMY, together with forms and certificates described in clauses (i) through (iii) above (and any additional Form W-8IMYs) as may be required; or 

(v) any other form prescribed by applicable law as a basis for claiming exemption from or a reduction in United States federal
withholding tax duly completed together with such supplementary documentation as may be prescribed by applicable law to permit the Borrower or the Administrative Agent to determine the withholding or deduction required to be made. 

In addition, each Lender agrees that if any form or certification it previously delivered expires or becomes obsolete or inaccurate in any respect, it shall
update such form or certification or promptly notify the Borrower and the Administrative Agent in writing of its legal inability to do so. 

(6) If a payment made to a Recipient under any Loan Document would be subject to any Tax imposed by FATCA if such Recipient were to fail to
comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Recipient will deliver to the Borrower and the Administrative Agent at the time or times
prescribed by law and at such time or times reasonably requested by the Borrower or the Administrative Agent such documentation prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional
documentation reasonably requested by the Borrower or the Administrative Agent as may be necessary for the Borrower and the Administrative Agent to comply with their obligations under FATCA and to determine that such Recipient has complied with such
Recipient’s obligations under FATCA or to determine the amount to deduct and withhold from such payment. Solely for purposes of this clause (6), “FATCA” will include any amendments made to FATCA after the date of this Agreement.

 Each Lender agrees that if any form or certification it previously delivered expires or becomes obsolete or inaccurate in any respect, it
will update such form or certification or promptly notify the Borrower and the Administrative Agent in writing of its legal inability to do so. 

(7) Each Lender hereby authorizes the Administrative Agent to deliver to the Loan Parties and to any successor Administrative Agent any
documentation by such Lender to the Administrative Agent pursuant to Section 2.14(5) and 2.14(6). 
 (8) If the Administrative Agent or any
Lender determines, in its sole discretion exercised in good faith, that it has received a refund of any Taxes as to which it has been indemnified by a Loan Party or with respect to which such Loan Party has paid additional amounts pursuant to this
Section 2.14, it will pay over promptly an amount equal to such refund to such Loan Party (but only to the extent of indemnity payments made, or additional amounts paid, by such Loan Party under this Section 2.14 with respect to the Taxes
giving rise to such refund), net of all out-of-pocket expenses of the Administrative Agent or such Lender (including any Taxes imposed with respect to such refund), and without interest (other than any interest paid by the relevant Governmental
Authority with respect to such refund); provided that such Loan Party, upon the request of the Administrative Agent or such Lender, agrees to repay as soon as reasonably practicable the amount paid over to such Loan Party pursuant to this
Section 2.14(8) (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) to the Administrative Agent or such Lender in the event the Administrative Agent or such Lender is required to repay such refund to
such Governmental Authority. This Section 2.14(8) will not be construed to require the Administrative Agent or any Lender to make available its Tax returns (or any other information relating to its Taxes which it deems, in good faith, to be
confidential) to the Loan Parties or any other Person. 

  
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 (9) Each party’s obligations under this Section 2.14 will survive the resignation
or replacement of the Administrative Agent or any assignment of rights by, or the replacement of, a Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all obligations under any Loan Document. 

(10) For purposes of this Section 2.14, the term “applicable law” includes FATCA. 

SECTION 2.15. Payments Generally; Pro Rata Treatment; Sharing of Set-offs. 

(1) Unless otherwise specified, (a) the Borrower will make each payment required to be made by it hereunder (whether of principal,
interest, fees or otherwise) prior to 2:00 p.m., New York City time, at the Payment Office, except that payments pursuant to Sections 2.12, 2.13, 2.14 and 10.05 will be made directly to the Persons entitled thereto; and (b) each such payment
will be made, on the date when due, in immediately available funds, without condition or deduction for any defense, recoupment, set-off or counterclaim. Any amounts received after such time on any date may, in the discretion of the Administrative
Agent, be deemed to have been received on the next succeeding Business Day for purposes of calculating interest thereon. The Administrative Agent will distribute any such payments received by it for the account of any other Person to the appropriate
recipient promptly following receipt thereof and will make settlements with the Lenders with respect to other payments at the times and in the manner provided in this Agreement. Except as otherwise provided herein, if any payment hereunder is due on
a day that is not a Business Day, the date for payment will be extended to the next succeeding Business Day, and, in the case of any payment accruing interest, interest thereon will be payable for the period of such extension. Any payment required
to be made by the Administrative Agent hereunder will be deemed to have been made by the time required if the Administrative Agent, at or before such time, has taken the necessary steps to make such payment in accordance with the regulations or
operating procedures of the clearing or settlement system used by the Administrative Agent to make such payment. 
 (2) Except as otherwise
provided in this Agreement, if (a) at any time insufficient funds are received by and available to the Administrative Agent from the Borrower to pay fully all amounts of principal, interest and fees then due from the Borrower hereunder or
(b) at any time an Event of Default shall have occurred and be continuing and the Administrative Agent will receive proceeds of Term Priority Collateral in connection with the exercise of remedies, such funds will be applied in accordance with
Section 5.02 of the Security Agreement (subject to the application of proceeds provisions contained in the Intercreditor Agreement). 

(3) Except as otherwise provided in this Agreement, if any Lender, by exercising any right of set-off or counterclaim or otherwise, obtains
payment in respect of any principal of or interest on any of its Term Loans resulting in such Lender receiving payment of a greater proportion of the aggregate amount of its Term Loans than the proportion received by any other Lender, then the
Lender receiving such greater proportion will purchase (for cash at face value) participations in the Term Loans of other Lenders to the extent necessary so that the benefit of all such payments will be shared by the Lenders ratably in accordance
with the aggregate amount of principal of and accrued interest on their respective Term Loans; provided that (a) if any such participations are purchased and all or any portion of the payment giving rise thereto is recovered, such
participations will be rescinded and the purchase price restored to the extent of such recovery, without interest, and (b) the provisions of this paragraph (3) will not be construed to apply to any payment made by the Borrower pursuant to
and in accordance with the express terms of this Agreement (including the application of funds arising from the existence of a Defaulting Lender or a Disqualified Institution) or any payment obtained by a Lender as consideration for the assignment
of or sale of a participation in any of its Term Loans to any assignee or participant. The Borrower consents to the foregoing and agrees, to the extent it may effectively do so under applicable law, that any Lender acquiring a participation pursuant
to the foregoing arrangements may exercise against the Borrower rights of set-off and counterclaim with respect to such participation as fully as if such Lender were a direct creditor of the Borrower in the amount of such participation. 

(4) Unless the Administrative Agent has received notice from the Borrower prior to the date on which any payment is due to the Administrative
Agent for the account of the Lenders hereunder that the Borrower will not make such payment, the Administrative Agent may assume that the Borrower has made such payment on such date in accordance herewith and may, in reliance upon such assumption,
distribute to the Lenders the amount due. In such event, if the Borrower has not in fact made such payment, then each of the Lenders severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender
with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment to the 

  
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Administrative Agent, at the greater of the Federal Funds Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation. 

(5) If any Lender fails to make any payment required to be made by it pursuant to Section 2.03(1) or 2.15(3), then the Administrative
Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative Agent for the account of such Lender to satisfy such Lender’s obligations under Section 2.03(1) or
2.15(3), as applicable, until all such unsatisfied obligations are fully paid. 
 SECTION 2.16. Mitigation Obligations; Replacement of
Lenders. 
 (1) If any Lender requests compensation under Section 2.12, or if the Borrower is required to pay any Indemnified Taxes
or additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.14, then such Lender will use reasonable efforts to designate a different Lending Office for funding or booking its Term Loans
hereunder or assign its rights and obligations hereunder to another of its offices, branches or Affiliates if, in the reasonable judgment of such Lender, such designation or assignment (a) would eliminate or reduce amounts payable pursuant to
Section 2.12 or 2.14, as applicable, in the future and (b) would not subject such Lender to any material unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender in any material respect. The Borrower hereby
agrees to pay all reasonable costs and expenses incurred by any Lender in connection with any such designation or assignment. 
 (2) If any
Lender requests compensation under Section 2.12 or is a Defaulting Lender, or if the Borrower is required to pay any Indemnified Taxes or additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to
Section 2.14, then the Borrower may, at its sole expense, upon notice to such Lender and the Administrative Agent, either (a) prepay such Lender’s outstanding Term Loans hereunder in full on a non-pro rata basis without
premium or penalty (including with respect to the processing and recordation fee referred to in Section 10.04(2)(b)(ii)) or (b) require such Lender to assign and delegate, without recourse (in accordance with and subject to the
restrictions contained in Section 10.04), all its interests, rights and obligations under this Agreement to an assignee that will assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment);
provided that (i) in the case of clause (b) above, the Borrower has received the prior written consent of the Administrative Agent, which consent will not unreasonably be withheld, if a consent by the Administrative Agent would be
required under Section 10.04 for an assignment of Term Loans to such assignee, (ii) such Lender has received payment of an amount equal to the outstanding principal of its Term Loans, accrued interest thereon, accrued fees and all other
amounts payable to it hereunder, from the assignee (to the extent of such outstanding principal and accrued interest and fees) or the Borrower (in the case of all other amounts) and (iii) in the case of any such assignment resulting from a
claim for compensation under Section 2.12 or payments required to be made pursuant to Section 2.14, such assignment will result in a reduction in such compensation or payments thereafter. Nothing in this Section 2.16 will be deemed to
prejudice any rights that the Borrower may have against any Lender that is a Defaulting Lender. 
 (3) If any Lender (such Lender, a
“Non-Consenting Lender”) has failed to consent to a proposed amendment, waiver, discharge or termination that, pursuant to the terms of Section 10.08, requires the consent of such Lender and with respect to which the
Required Lenders have granted their consent, then the Borrower will have the right (unless such Non-Consenting Lender grants such consent) at its sole expense, to either (a) prepay such Lender’s outstanding Term Loans hereunder in full on
a non-pro rata basis without premium or penalty (including with respect to the processing and recordation fee referred to in Section 10.04(2)(b)(ii)) or (b) replace such Non-Consenting Lender by deeming such Non-Consenting
Lender to have assigned its Term Loans and its Commitments hereunder to one or more assignees reasonably acceptable to the Administrative Agent if a consent by the Administrative Agent would be required under Section 10.04 for an assignment of
Term Loans to such Assignee; provided that (i) all Obligations of the Borrower owing to such Non-Consenting Lender (including accrued Fees and any amounts due under Section 2.12, 2.13, 2.14 or 2.21) being removed or replaced will be
paid in full to such Non-Consenting Lender concurrently with such removal or assignment and (ii) in the case of clause (b) above, the replacement Lender will purchase the foregoing by paying to such Non-Consenting Lender a price equal to
the principal amount thereof plus accrued and unpaid interest thereon. No action by or consent of the Non-Consenting Lender will be necessary in connection with such removal or assignment, in the case of clause (b) above, which shall be
immediately and automatically effective upon payment of such purchase price. In connection with any such assignment, the Borrower, the Administrative Agent, such Non-Consenting Lender and the replacement Lender will

  
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otherwise comply with Section 10.04; provided that if such Non-Consenting Lender does not comply with Section 10.04 within three Business Days after the Borrower’s request,
compliance with Section 10.04 will not be required to effect such assignment. 
 SECTION 2.17. Illegality. If any Lender
reasonably determines that any change in law has made it unlawful, or if any Governmental Authority has asserted after the Closing Date that it is unlawful, for any Lender or its applicable Lending Office to make or maintain any Eurocurrency Loans,
then, upon notice thereof by such Lender to the Borrower through the Administrative Agent, any obligations of such Lender to make or continue Eurocurrency Loans or to convert ABR Borrowings to Eurocurrency Borrowings will be suspended until such
Lender notifies the Administrative Agent and the Borrower that the circumstances giving rise to such determination no longer exist. Upon receipt of such notice, the Borrower will upon demand from such Lender (with a copy to the Administrative
Agent), either convert all Eurocurrency Borrowings of such Lender to ABR Borrowings, either on the last day of the Interest Period therefor, if such Lender may lawfully continue to maintain such Eurocurrency Borrowings to such day, or immediately,
if such Lender may not lawfully continue to maintain such Term Loans. Upon any such prepayment or conversion, the Borrower will also pay accrued interest on the amount so prepaid or converted. 

SECTION 2.18. Incremental Facilities. 

(1) Notice. At any time and from time to time, on one or more occasions, subject to the terms and conditions set forth herein, the
Borrower may, by written notice to the Administrative Agent, increase the aggregate principal amount of any outstanding Class of Term Loans or add one or more additional Classes of term loans under the Loan Documents (the “Incremental
Term Loans”; each such increase or tranche, an “Incremental Facility”). 
 (2) Ranking.
Incremental Term Loans shall be secured on a pari passu basis with all other Tranche B Term Loans. 
 (3) Size. The principal
amount of Incremental Facilities incurred pursuant to the Non-Ratio Based Incremental Facility Cap and Incremental Equivalent Term Debt incurred in reliance on the Non-Ratio Based Incremental Facility Cap will not exceed, in the aggregate, an amount
equal to (x) (I) $475.0 million less (II) the aggregate principal amount of any “free and clear” incremental indebtedness incurred under the Second Lien Credit Facility, plus (y) the aggregate principal amount of voluntary
prepayments of Term Loans or voluntary prepayments of ABL Loans under the ABL Credit Facility (if accompanied by a corresponding reduction in commitments under the ABL Credit Agreement) (the “Non-Ratio Based Incremental Facility
Cap”); provided that the Borrower may incur additional Incremental Facilities without regard to the Non-Ratio Based Incremental Facility Cap so long as the Senior Secured First Lien Net Leverage Ratio (determined on the date on
which the applicable Incremental Facilities is incurred (and after giving effect to such incurrence) and after giving effect to any acquisition or other transaction consummated in connection with the incurrence of such Incremental Facility) is equal
to or less than 4.60 to 1.00 (collectively, the “Available Incremental Term Loan Facility Amount”). 
 Each tranche
of Incremental Term Loans will be in an integral multiple of $1.0 million and in an aggregate principal amount that is not less than $10.0 million (or such lesser minimum amount approved by the Administrative Agent in its reasonable discretion);
provided that such amount may be less than the applicable minimum amount or integral multiple amount if such amount represents all the remaining availability under the Available Incremental Term Loan Facility Amount or the Non-Ratio Based
Incremental Facility Cap. 
 (4) Incremental Lenders. Incremental Term Loans may be provided by any existing Lender (it being
understood that no existing Lender will have an obligation to provide Incremental Term Loans) or any Additional Lender; provided that the Administrative Agent shall have consented (such consent not to be unreasonably withheld, delayed or
conditioned) to any Additional Lender’s providing such Incremental Term Loans if such consent by the Administrative Agent would be required under Section 10.04 for an assignment of Term Loans to such Additional Lender. 

(5) Incremental Facility Amendments. Each Incremental Facility will become effective pursuant to an amendment (each, an
“Incremental Facility Amendment”) to this Agreement and, as appropriate, the other Loan Documents, executed by the Borrower, each Lender or Additional Lender providing such Incremental Facility (the “Incremental
Lenders”) and the Administrative Agent. The Administrative Agent will promptly notify each Lender 

  
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as to the effectiveness of each Incremental Facility Amendment. Any Incremental Amendment may, without the consent of any Person other than the Administrative Agent, the Borrower and the
Incremental Lender, effect such amendments to this Agreement and the other Loan Documents as may be necessary or appropriate to effect the provisions of this Section 2.19 and reflect the existence and terms of the Incremental Facility and the
Incremental Term Loans evidenced thereby and each of the parties hereto hereby agrees that, upon the effectiveness of any Incremental Facility Amendment, this Agreement and the other Loan Documents, as applicable, will be deemed amended to the
extent (but only to the extent) necessary to effect the provisions of this Section 2.19 and reflect the existence and terms of the Incremental Facility and the Incremental Term Loans evidenced thereby. This Section 2.19 supersedes any
provisions in Section 10.08 to the contrary. 
 (6) Conditions. The availability of Incremental Term Loans will be subject
solely to the following conditions: 
 (a) no Default or Event of Default shall have occurred and be continuing on the date
such Incremental Term Loans are incurred or would exist immediately after giving effect thereto; provided, that if the Incremental Facility is being incurred in connection with a Limited Condition Acquisition, (i) the date of
determination of such condition shall be the LCA Test Date and (ii) on the date such Incremental Facility is incurred (or commitments in respect thereof are provided), no Specified Event of Default shall have occurred and be continuing or would
exist immediately after giving effect thereto; 
 (b) the representations and warranties in the Loan Documents will be true
and correct in all material respects (except for representations and warranties that are already qualified by materiality, which representations and warranties will be accurate in all respects) immediately prior to, and immediately after giving
effect to, the incurrence of such Incremental Term Loans; provided, that if the Incremental Facility is being incurred in connection with a Limited Condition Acquisition, (i) the date of determination of such condition shall be the LCA
Test Date and (ii) on the date of incurrence of such Incremental Facility (or the date on which commitments in respect thereof are provided), the only representations and warranties that will be required to be true and correct in all material
respects shall be the Specified Representations; and 
 (c) such other conditions (if any) as may be required by the
Incremental Lenders providing such Incremental Term Loans, unless such other conditions are waived by such Incremental Lenders. 
 (7)
Terms. Each notice delivered pursuant to this Section 2.18 will set forth the amount and proposed terms of the relevant Incremental Term Loans. The terms of each tranche of Incremental Term Loans will be as agreed between the Borrower
and the Incremental Lenders providing such Incremental Term Loans; provided that: 
 (a) except for interim or bridge
financings that provide for automatic conversion, subject to customary conditions, to Indebtedness meeting the requirements of this subclause (a) the final maturity date of such Incremental Term Loans will be no earlier than the Latest Maturity
Date of the Tranche B Term Loans; 
 (b) except for interim or bridge financings that provide for automatic conversion,
subject to customary conditions, to Indebtedness meeting the requirements of this subclause (b) the Weighted Average Life to Maturity of such Incremental Term Loans will be no shorter than the longest remaining Weighted Average Life to Maturity
of the Tranche B Term Loans; 
 (c) such Incremental Term Loans may participate on a pro rata basis or a less than
pro rata basis (but not greater than a pro rata basis) in any mandatory repayments or prepayments of the Tranche B Term Loans; and 

(d) subject to clauses (a) and (b) above, the amortization schedules applicable to such Incremental Term Loans will
be as determined by the Borrower and the Incremental Lenders providing such Incremental Term Loans. 

  
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 (8) Pricing. 

(a) Subject to clause (b) below, (i) the interest rate, fees and original issue discount for any Incremental Term Loans will be as
determined by a Responsible Officer of the Borrower and the Incremental Lenders providing such Incremental Term Loans; 
 (b) If the yield
(as determined below) on any such Incremental Term Loans (such yield, the “Incremental Yield”) exceeds the yield (as determined below) on the Tranche B Term Loans by more than 50 basis points, then the interest margins for
the Tranche B Term Loans will automatically be increased to a level such that the yield on the Tranche B Term Loans will be 50 basis points below the Incremental Yield on such Incremental Term Loan. Any increase in yield on the Tranche B Term Loans
required pursuant to this Section 2.18(8)(b) and resulting from the application of an Adjusted LIBO Rate or ABR “floor” on any Incremental Term Loans will be effected solely through an increase in such “floor” (or an
implementation thereof, as applicable) in respect of the Tranche B Term Loans. In determining whether the Incremental Yield on Incremental Term Loans exceeds the yield on the Tranche B Term Loans by more than 50 basis points, (A) such
determination will take into account interest margins (and any coupon payable, if applicable), minimum Adjusted LIBO Rate, minimum ABR, upfront fees and original issue discount on the applicable Term Loans, with upfront fees and original issue
discount being equated to interest margins or coupon based on an assumed four-year life to maturity, but will exclude any arrangement, syndication, structuring, commitment, ticking, placement, underwriting, or other fees payable in connection
therewith that is not shared among the applicable lenders or holders of such Indebtedness on a pro rata basis and (B) with respect to the Tranche B Term Loans, to the extent the Adjusted LIBO Rate on the closing date of the Incremental
Facility is less than any LIBO Rate floor then applicable to the Tranche B Term Loans, the amount of such difference shall be deemed added to the applicable rate for such Tranche B Term Loans solely for the purposes of determining whether an
increase in the interest margins for such Tranche B Term Loans shall be required. 
 SECTION 2.19. Other Term Loans. 

(1) Other Term Loans. Credit Agreement Refinancing Indebtedness may, at the election of the Borrower, take the form of new Term Loans
under an additional Term Facility hereunder (“Other Term Loans”) pursuant to a Refinancing Amendment. 
 (2)
Refinancing Amendments. The effectiveness of any Refinancing Amendment will be subject only to the satisfaction on the date thereof of such of the conditions set forth in Section 4.01 as may be requested by the providers of Other Term
Loans. The Administrative Agent will promptly notify each Lender as to the effectiveness of each Refinancing Amendment. Each of the parties hereto hereby agrees that, upon the effectiveness of any Refinancing Amendment, this Agreement will be deemed
amended to the extent (but only to the extent) necessary to reflect the existence and terms of the Other Term Loans incurred pursuant thereto (including any amendments necessary to treat the Term Loans subject thereto as Other Term Loans). 

(3) Required Consents. Any Refinancing Amendment may, without the consent of any Person other than the Administrative Agent, the
Borrower and the Lenders or Additional Lenders providing Other Term Loans, effect such amendments to this Agreement and the other Loan Documents as may be necessary or appropriate, in the reasonable opinion of the Administrative Agent and the
Borrower, to effect the provisions of this Section 2.19. This Section 2.19 supersedes any provisions in Section 10.08 to the contrary. 

(4) Providers of Other Term Loans. Any Lender approached to provide all or a portion of Other Term Loans may elect or decline, in its
sole discretion, to provide such Other Term Loans (it being understood that there is no obligation to approach any existing Lenders to provide Other Term Loans). The consent of the Administrative Agent (such consent not to be unreasonably withheld,
delayed or conditioned) will be required in respect of any Person providing Other Term Loans if such consent would be required under Section 10.04 for an assignment of Term Loans to such Person. 

  
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 SECTION 2.20. Extensions of Term Loans. 

(1) Extension Offers. Pursuant to one or more offers (each, an “Extension Offer”) made from time to time by the
Borrower to all Lenders of Term Loans with a like Maturity Date, the Borrower may, by written notice to the Administrative Agent from time to time, request an extension of the Maturity Date of Term Loans and otherwise modify the terms of Term Loans
pursuant to the terms set forth in the relevant Extension Offer (each, an “Extension”). Each Extension Offer will specify the minimum amount of Term Loans with respect to which an Extension Offer may be accepted, which will
be an integral multiple of $1.0 million and an aggregate principal amount that is not less than $50.0 million (or (a) if less, the aggregate principal amount of such Term Loans or (b) such lesser minimum amount as is approved by the
Administrative Agent, such consent not to be unreasonably withheld, conditioned or delayed), and will be made on a pro rata basis to all Lenders of Term Loans of the applicable Class. If the aggregate outstanding principal amount of Term
Loans (calculated on the face amount thereof) in respect of which Lenders have accepted an Extension Offer exceeds the maximum aggregate principal amount of Term Loans offered to be extended pursuant to an Extension Offer, then the Term Loans of
such Lenders will be extended ratably up to such maximum amount based on the respective principal amounts (but not to exceed actual holdings of record) with respect to which such Lenders have accepted such Extension Offer. No Extension Offer or
Extension Amendment (defined as follows) shall be required to be subject to any “most favored nation” pricing provisions. Each Lender accepting an Extension Offer is referred to herein as an “Extending Term Lender,”
and the Term Loans held by such Lender accepting an Extension Offer is referred to herein as “Extended Term Loans.” 

(2) Extension Amendments. The Lenders hereby irrevocably authorize the Administrative Agent to enter into amendments to this Agreement
and the other Loan Documents (an “Extension Amendment”) with the Borrower as may be necessary in order to establish new Classes in respect of Term Loans extended pursuant to an Extension Offer and such technical amendments as
may be necessary or appropriate in the reasonable opinion of the Administrative Agent and the Borrower in connection with the establishment of such new tranches. This Section 2.20 supersedes any provisions in Section 10.08 to the contrary.
Except as otherwise set forth in an Extension Offer, there will be no conditions to the effectiveness of an Extension Amendment. Extensions will not constitute a voluntary or mandatory payment or prepayment for purposes of this Agreement. 

(3) Terms of Extension Offers and Extension Amendments. The terms of any Extended Term Loans will be set forth in an Extension Offer
and as agreed between the Borrower and the Extending Term Lenders accepting such Extension Offer; provided that: 

(a) the final maturity date of such Extended Term Loans will be no earlier than the Latest Maturity Date of the Term Loans
subject to such Extension Offer; 
 (b) the Weighted Average Life to Maturity of such Extended Term Loans will be no shorter
than the remaining Weighted Average Life to Maturity of the Term Loans subject to such Extension Offer; 
 (c) such Extended
Term Loans may participate on a pro rata basis or a less than pro rata basis (but not greater than a pro rata basis) in any mandatory prepayments of Term Loans; 

(d) such Extended Term Loans shall not be secured by any assets or property that do not constitute Collateral; 

(e) such Extended Term Loans are not guaranteed by any Subsidiary of the Borrower other than a Subsidiary Loan Party; and 

(f) except as to pricing terms (interest rate, fees, funding discounts and prepayment premiums) and maturity, the terms and
conditions of such Extended Term Loans are substantially identical to (including as to ranking and priority), or, taken as a whole, no more favorable to the lenders or holders providing such Indebtedness than, those applicable to the Term Loans
subject to such Extension Offer, as determined in good faith by a Responsible Officer of the Borrower. 
  

  
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 Any Extended Term Loans will constitute a separate Class of Term Loans from the Term Loans held by Lenders
that did not accept the applicable Extension Offer. 
 (4) Required Consents. No consent of any Lender or any other Person will be
required to effectuate any Extension, other than the consent of the Administrative Agent (such consent not to be unreasonably withheld, delayed or condition), the Borrower and the applicable Extending Term Lender. The transactions contemplated by
this Section 2.20 (including, for the avoidance of doubt, payment of any interest, fees or premium in respect of any Extended Term Loans on such terms as may be set forth in the relevant Extension Offer) will not require the consent of any
other Lender or any other Person, and the requirements of any provision of this Agreement (including Sections 2.08 and 2.15) or any other Loan Document that may otherwise prohibit any such Extension or any other transaction contemplated by this
Section 2.20 will not apply to any of the transactions effected pursuant to this Section 2.20. 
 SECTION 2.21. Repricing
Event. In the event that, prior to the six month anniversary of the Closing Date, the Borrower refinances or makes any prepayment of, or amends the terms of, any Class of Term Loans in connection with any Repricing Event (or causes any Class of
Term Loans to be mandatorily assigned pursuant to the terms of Sections 2.16(3) or 10.04(7) hereof, in each case, in connection with a Repricing Event), the Borrower will pay to the Administrative Agent, for the ratable account of each applicable
Lender, a payment of 1.00% of the aggregate principal amount of any such Term Loans so refinanced, prepaid or amended (or subject to mandatory assignment), as the case may be. 

ARTICLE III 

Representations and Warranties 

With respect to any Borrowing made on the Closing Date (or after the Closing Date pursuant to Section 2.18, to the extent required by
Section 2.18(6)), the Borrower, with respect to itself and each of the Restricted Subsidiaries, and Holdings, solely with respect to Sections 3.01, 3.02, 3.03, 3.04 and 3.19, will represent and warrant to each Agent and to each of the Lenders
that: 
 SECTION 3.01. Organization; Powers. Each of Holdings, the Borrower and each Restricted Subsidiary: 

(1) is a partnership, limited liability company, corporation, or trust duly organized, validly existing and in good standing
under the laws of the jurisdiction of its organization (to the extent such status or an analogous concept applies to such an organization); 

(2) has all requisite power and authority to own its property and assets and to carry on its business as now conducted; 

(3) is qualified to do business in each jurisdiction where such qualification is required, except where the failure to so
qualify would not reasonably be expected to have a Material Adverse Effect; and 
 (4) has the power and authority to
execute, deliver and perform its obligations under each of the Loan Documents and each other agreement or instrument contemplated thereby to which it is a party and, in the case of the Borrower, to borrow and otherwise obtain credit hereunder. 

SECTION 3.02. Authorization. The execution, delivery and performance by the Loan Parties of each of the Loan Documents to which it is a
party, the Borrowings hereunder and the Transactions: 
 (1) have been duly authorized by all corporate, stockholder,
partnership, limited liability company or other applicable action required to be taken by the Loan Parties; and 
 (2) will
not: 
 (a) violate: 

  
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 (i) any provision of law, statute, rule or regulation, or of the
certificate or articles of incorporation or other constitutive documents (including any partnership, limited liability company or operating agreement or by-laws) of any Loan Party; 

(ii) any applicable order of any court or any rule, regulation or order of any Governmental Authority; or 

(iii) any provision of any indenture, certificate of designation for preferred stock, agreement or other instrument to which
any Loan Party is a party or by which any of them or any of their property is or may be bound; 
 (b) be in conflict with,
result in a breach of, constitute (alone or with notice or lapse of time or both) a default under, or give rise to a right of or result in any cancellation or acceleration of any right or obligation (including any payment) or to a loss of a material
benefit under, any such indenture, certificate of designation for preferred stock, agreement or other instrument; or 
 (c)
result in the creation or imposition of any Lien upon any property or assets of any Loan Party, other than the Liens created by the Loan Documents and Permitted Liens; 

except with respect to clauses (a) and (b) of this Section 3.02(2) as would not reasonably be expected to have, individually or in the
aggregate, a Material Adverse Effect. 
 SECTION 3.03. Enforceability. This Agreement has been duly executed and delivered by
Holdings and the Borrower and constitutes, and each other Loan Document when executed and delivered by each Loan Party that is party thereto will constitute, a legal, valid and binding obligation of such Loan Party enforceable against each such Loan
Party in accordance with its terms, subject to: 
 (1) the effects of bankruptcy, insolvency, moratorium, reorganization,
fraudulent conveyance or other similar laws affecting creditors’ rights generally; 
 (2) general principles of equity
(regardless of whether such enforceability is considered in a proceeding in equity or at law); 
 (3) implied covenants of
good faith and fair dealing; and 
 (4) any foreign laws, rules and regulations as they relate to pledges of Equity Interests
in Foreign Subsidiaries. 
 SECTION 3.04. Governmental Approvals. No action, consent or approval of, registration or filing with or
any other action by any Governmental Authority or third party is or will be required in connection with the Transactions, the perfection or maintenance of the Liens created under the Security Documents or the exercise by the Administrative Agent or
any Lender of its rights under the Loan Documents or the remedies in respect of the Collateral, except for: 
 (1) the filing
of Uniform Commercial Code financing statements and equivalent filings in foreign jurisdictions; 
 (2) filings with the
United States Patent and Trademark Office and the United States Copyright Office and comparable offices in foreign jurisdictions and equivalent filings in foreign jurisdictions; 

(3) filings which may be required under Environmental Laws; 

(4) filings as may be required under the Exchange Act and applicable stock exchange rules in connection therewith; 

  
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 (5) such as have been made or obtained and are in full force and effect;

 (6) such actions, consents and approvals the failure of which to be obtained or made would not reasonably be expected to
have a Material Adverse Effect; or 
 (7) filings or other actions listed on Schedule 3.04. 

SECTION 3.05. Title to Properties; Possession Under Leases. 

(1) Each of the Borrower and the Subsidiary Loan Parties has valid fee simple title to, or valid leasehold interests in, or easements or other
limited property interests in, all of its Real Properties and valid title to its tangible assets (excluding Intellectual Property Rights or other intellectual property which is the subject of Section 3.20), in each case, except for Permitted
Liens or defects in title that do not materially interfere with its ability to conduct its business as currently conducted or to utilize such properties and assets for their intended purposes, in each case, except where the failure to have such
title, interest, easement or right would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect. All such properties and assets are free and clear of Liens, other than Permitted Liens. 

(2) Neither the Borrower nor any of the Restricted Subsidiaries has defaulted under any lease to which it is a party, except for such defaults
as would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect. Each of the Borrower’s and the Restricted Subsidiaries’ leases is in full force and effect, except leases in respect of which the
failure to be in full force and effect would not reasonably be expected to have a Material Adverse Effect. Except as set forth on Schedule 3.05, on the Closing Date the Borrower and each of the Restricted Subsidiaries enjoys peaceful and
undisturbed possession under all such leases, other than leases in respect of which the failure to enjoy peaceful and undisturbed possession would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect. 

SECTION 3.06. Subsidiaries. 

(1) Schedule 3.06 sets forth as of the Closing Date the name and jurisdiction of incorporation, formation or organization of Holdings,
the Borrower and each Restricted Subsidiary and, as to each Restricted Subsidiary, the percentage of each class of Equity Interests owned by the Borrower or by any other Subsidiary of the Borrower. 

(2) As of the Closing Date, there are no outstanding subscriptions, options, warrants, calls, rights or other agreements or commitments of any
nature relating to any Equity Interests owned or held by Holdings, the Borrower or any Restricted Subsidiary. 
 SECTION 3.07.
Litigation; Compliance with Laws. 
 (1) There are no actions, suits or proceedings at law or in equity or by or on behalf of any
Governmental Authority or in arbitration now pending, or, to the knowledge of the Borrower, threatened in writing against or affecting the Borrower or any Restricted Subsidiary or any business, property or rights of any such Person (but excluding
any actions, suits or proceedings arising under or relating to any Environmental Laws, which are subject to Section 3.13), in each case, which would reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.

 (2) To the knowledge of the Borrower, none of the Borrower, any Restricted Subsidiary or their respective properties or assets is in
violation of (nor will the continued operation of their material properties and assets as currently conducted violate) any law, rule or regulation (including any zoning, building, ordinance, code or approval, or any building permit, but excluding
any Environmental Laws, which are subject to Section 3.13) or any restriction of record or agreement affecting any property, or is in default with respect to any judgment, writ, injunction or decree of any Governmental Authority, where such
violation or default would reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect. 

  
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 SECTION 3.08. Federal Reserve Regulations. 

(1) None of Holdings, the Borrower or any Restricted Subsidiary is engaged principally, or as one of its important activities, in the business
of extending credit for the purpose of purchasing or carrying Margin Stock. 
 (2) No part of the proceeds of any Term Loan will be used,
whether directly or indirectly, and whether immediately, incidentally or ultimately, (i) to purchase or carry Margin Stock or to extend credit to others for the purpose of purchasing or carrying Margin Stock or to refund Indebtedness originally
incurred for such purpose or (ii) for any purpose that entails a violation of, or that is inconsistent with, the provisions of the Regulations of the Board, including Regulations T, U or X. 

SECTION 3.09. Investment Company Act. None of Holdings, the Borrower or any Guarantor is an “investment company” as defined
in, or subject to regulation under, the Investment Company Act of 1940, as amended. 
 SECTION 3.10. Use of Proceeds. The Borrower
shall use the proceeds of the Term Loans made on the Closing Date to finance a portion of the Transactions. 
 SECTION 3.11. Tax
Returns. Except as set forth on Schedule 3.11: 
 (1) Except as would not, individually or in the aggregate,
reasonably be expected to result in a Material Adverse Effect, each of Holdings, the Borrower and the Restricted Subsidiaries has filed or caused to be filed all federal, state, local and non-U.S. Tax returns required to have been filed by it; and

 (2) Each of Holdings, the Borrower and the Restricted Subsidiaries has timely paid or caused to be timely paid
(a) all Taxes shown to be due and payable by it (taking into account any applicable extension) on the returns referred to in clause (1) of this Section 3.11 and (b) all other Taxes or assessments (or made adequate provision (in
accordance with GAAP) for the payment of all Taxes due) with respect to all periods or portions thereof ending on or before the Closing Date, which Taxes, if not paid or adequately provided for, would, individually or in the aggregate, reasonably be
expected to have a Material Adverse Effect, in each case except Taxes or assessments that are being contested in good faith by appropriate proceedings and for which Holdings, the Borrower or any Restricted Subsidiary (as the case may be) has set
aside on its books adequate reserves in accordance with GAAP. 
 SECTION 3.12. No Material Misstatements. 

(1) All written factual information and written factual data (other than the Projections, estimates and information of a general economic or
industry specific nature) concerning Holdings, the Borrower or any Restricted Subsidiary that has been made available to the Administrative Agent or the Lenders, directly or indirectly, by or on behalf of Holdings, the Borrower or any Restricted
Subsidiary in connection with the Transactions, when taken as a whole and after giving effect to all supplements and updates provided thereto, is correct in all material respects and does not contain any untrue statement of a material fact or omit
to state a material fact necessary in order to make the statements contained therein not materially misleading in light of the circumstances under which such statements are made. 

(2) The Projections that have been made available to the Administrative Agent or the Lenders by or on behalf of the Borrower in connection
with the Transactions, when taken as a whole, have been prepared in good faith based upon assumptions that are believed by the Borrower to be reasonable at the time made and at the time delivered to the Administrative Agent or the Lenders, it being
understood by the Administrative Agent and the Lenders that: 
 (a) the Projections are merely a prediction as to future
events and are not to be viewed as facts; 
 (b) the Projections are subject to significant uncertainties and contingencies,
many of which are beyond the control of Holdings, the Borrower and/or the Sponsors; 

  
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 (c) no assurance can be given that any particular Projections will be
realized; and 
 (d) actual results may differ and such differences may be material. 

SECTION 3.13. Environmental Matters. Except as set forth on Schedule 3.13 or as to matters that would not reasonably be expected
to have, individually or in the aggregate, a Material Adverse Effect: 
 (1) the Borrower and each of the Restricted
Subsidiaries are in compliance with all Environmental Laws (including having obtained and complied with all permits, licenses and other approvals required under any Environmental Law for the operation of its business); 

(2) neither the Borrower nor any Restricted Subsidiary has received notice of or is subject to any pending, or to the
Borrower’s knowledge, threatened action, suit or proceeding alleging a violation of, or liability under, any Environmental Law that remains outstanding or unresolved; 

(3) to the Borrower’s knowledge, no Hazardous Material is located at, on or under any property currently or formerly
owned, operated or leased by the Borrower or any Restricted Subsidiary in violation of Environmental Laws and no Hazardous Material has been generated, owned, treated, stored, handled or controlled by the Borrower or any Restricted Subsidiary and
transported to or Released at any location which, in each case, described in this clause (3), would reasonably be expected to result in liability to the Borrower or any Restricted Subsidiaries; and 

(4) there are no agreements in which the Borrower or any Restricted Subsidiary has expressly assumed or undertaken
responsibility for any known or reasonably anticipated liability or obligation of any other Person arising under or relating to Environmental Laws or Hazardous Materials. 

SECTION 3.14. Security Documents. 

(1) The Security Agreement is effective to create in favor of the Collateral Agent (for the benefit of the Secured Parties) legal and valid
Liens on the Collateral described therein; and when financing statements in appropriate form are filed in the offices specified on Schedule IV to the Security Agreement, a short form grant of security interest in intellectual property (in
substantially the form of Exhibit III to the Security Agreement (for trademarks), Exhibit IV to the Security Agreement (for patents) or Exhibit V to the Security Agreement (for copyrights) (any such short form grants of security interest in
intellectual property, collectively, the “Intellectual Property Security Agreements”)) is properly filed in the United States Patent and Trademark Office or the United States Copyright Office, as applicable, and the Pledged
Collateral described in the Security Agreement is delivered to the Collateral Agent, the Liens on the Collateral granted pursuant to the Security Agreement will constitute fully perfected Liens on all right, title and interest of the grantors in
such Collateral in which (and to the extent) a security interest can be perfected under Article 9 of the Uniform Commercial Code by such filings, in each case prior to and superior in right of the Lien of any other Person (except for Permitted
Liens). 
 (2) When financing statements in appropriate form are filed in the offices specified on Schedule IV to the Security Agreement and
the Security Agreement or a summary thereof or an Intellectual Property Security Agreement is properly filed in the United States Patent and Trademark Office or the United States Copyright Office, as applicable, the Liens on the Collateral granted
pursuant to the Security Agreement shall constitute fully perfected Liens on all right, title and interest of the Loan Parties thereunder in the domestic intellectual property, in each case prior and superior in right to the Lien of any other Person
(except for Permitted Liens) (it being understood that subsequent recordings in the United States Patent and Trademark Office or the United States Copyright Office may be necessary to perfect a Lien on registered trademarks and patents, trademark
and patent applications and registered copyrights acquired by the grantors after the Closing Date). 
 (3) Notwithstanding anything herein
(including this Section 3.14) or in any other Loan Document to the contrary, neither the Borrower nor any other Loan Party makes any representation or warranty as to the effects of perfection or non-perfection, the priority or the
enforceability of any pledge of or security interest in any Equity 

  
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Interests of any Foreign Subsidiary, or as to the rights and remedies of the Agents or any Lender with respect thereto, under foreign law. 

SECTION 3.15. Location of Real Property and Leased Premises. 

(1) Schedule 3.15(1) correctly identifies, in all material respects, as of the Closing Date, all material Real Property owned in fee by
the Loan Parties (“Owned Material Real Property”). As of the Closing Date, the Loan Parties own in fee all the Real Property set forth as being owned by them on Schedule 3.15(1). 

(2) Schedule 3.15(2) lists correctly in all material respects, as of the Closing Date, all material Real Property leased by any Loan
Party (“Leased Material Real Property”) and the addresses thereof. As of the Closing Date, the Loan Parties have in all material respects valid leases in all material Real Property set forth as being leased by them on
Schedule 3.15(2). 
 SECTION 3.16. Solvency. On the Closing Date, after giving effect to the consummation of the Transactions,
including the making of the Term Loans hereunder and assuming that the payment of the Distribution occurs on the Closing Date, and after giving effect to the application of the proceeds of the Term Loans: 

(1) the fair value of the assets of the Borrower and its Subsidiaries, on a consolidated basis, exceeds, on a consolidated basis, their debts
and liabilities (subordinated, contingent or otherwise); 
 (2) the present fair saleable value of the property of the Borrower and its
Subsidiaries, on a consolidated basis, is greater than the amount that will be required to pay the probable liability, on a consolidated basis, of their debts and other liabilities (subordinated, contingent or otherwise) as such debts and other
liabilities become absolute and matured; 
 (3) the Borrower and its Subsidiaries, on a consolidated basis, are able to pay their debts and
liabilities (subordinated, contingent or otherwise) as such liabilities become absolute and matured; and 
 (4) the Borrower and its
Subsidiaries, on a consolidated basis, are not engaged in, and are not about to engage in, business for which they have unreasonably small capital. 

For purposes of this Section 3.16, the amount of any contingent liability at any time shall be computed as the amount that would
reasonably be expected to become an actual and matured liability. 
 SECTION 3.17. No Material Adverse Effect. Since January 31,
2016 there has been no event that has had, or would reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. 

SECTION 3.18. Insurance. Schedule 3.18 sets forth a true, complete and correct description of all material insurance maintained
by or on behalf of the Borrower or any Restricted Subsidiary as of the Closing Date. As of such date, such insurance is in full force and effect. 

SECTION 3.19. USA PATRIOT Act; FCPA; OFAC; Anti-Terrorism. 

(1) To the extent applicable, each of Holdings, the Borrower and their respective Subsidiaries is in compliance, in all material respects, with
the USA PATRIOT Act. 
 (2) No part of the proceeds of the Term Loans will be used by Holdings, the Borrower or any of their respective
Subsidiaries, directly or, to the knowledge of Holdings, the Borrower or any of their respective Subsidiaries, indirectly, for any payments to any governmental official or employee, political party, official of a political party, candidate for
political office or anyone else acting in an official capacity, in order to obtain, retain or direct business or obtain any improper advantage, in violation of the United States Foreign Corrupt Practices Act of 1977 (“FCPA”).

  
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 (3) None of Holdings, the Borrower or any of their respective Subsidiaries is any of the
following: 
 (a) a Person that is listed in the annex to, or is otherwise subject to the provisions of, Executive Order
No. 13224 on Terrorist Financing effective September 24, 2001 (the “Executive Order”); 

(b) a Person owned or Controlled by, or acting for or on behalf of, any Person that is listed in the annex to, or is otherwise
subject to the provisions of, the Executive Order; 
 (c) a Person with which any Lender is prohibited from dealing or
otherwise engaging in any transaction by any laws with respect to terrorism or money laundering; 
 (d) a Person that
commits, threatens or conspires to commit or supports “terrorism” as defined in the Executive Order; or 
 (e) a
Person that is named as a “specially designated national and blocked Person” on the most current list published by the U.S. Treasury Department Office of Foreign Assets Control (“OFAC”) at its official website or
any replacement website or other replacement official publication of such list and none of the proceeds of the Term Loans will be, directly or, to the knowledge of Holdings, the Borrower or any of their respective Subsidiaries, indirectly, offered,
lent, contributed or otherwise made available to any Restricted Subsidiary, joint venture partner or other Person for the purpose of financing the activities of any Person currently the subject of sanctions administered by OFAC. 

SECTION 3.20. Intellectual Property; Licenses, Etc. Except as set forth on Schedule 3.20: 

(1) except as would not reasonably be expected to have a Material Adverse Effect, the Borrower and each Restricted Subsidiary owns, or
possesses the right to use, all of the patents, patent rights, trademarks, service marks, trade names, copyrights or mask works, domain names, trade secrets and other intellectual property rights (collectively, “Intellectual Property
Rights”) that are reasonably necessary for the operation of their respective businesses; 
 (2) except as would not reasonably
be expected to have a Material Adverse Effect, to the knowledge of the Borrower, neither the Borrower nor any of the Restricted Subsidiaries nor any Intellectual Property Rights, product, process, method, substance, part or other material now, sold
or offered by the Borrower or the Restricted Subsidiaries is infringing upon, misappropriating or otherwise violating Intellectual Property Rights of any Person; and 

(3) no claim or litigation regarding any of the foregoing is pending or, to the knowledge of the Borrower, threatened, that could reasonably
be expected to have a Material Adverse Effect. 
 SECTION 3.21. Employee Benefit Plans. Except as would not reasonably be expected to
have a Material Adverse Effect, the Borrower and each of its ERISA Affiliates are in compliance in all material respects with the applicable provisions of ERISA and the Code and the regulations and published interpretations thereunder. No ERISA
Event has occurred or is reasonably expected to occur that, when taken together with all other such ERISA Events, would reasonably be expected to have a Material Adverse Effect. Except as would not reasonably be expected to have a Material Adverse
Effect, the present value of all accumulated benefit obligations under all Plans (based on the assumptions used for purposes of Statement of Financial Accounting Standards No. 87) did not, as of the date of the most recent financial statements
reflecting such amounts, exceed the fair market value of the assets of such Plans, in the aggregate. 

  
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 ARTICLE IV 

Conditions of Lending 

SECTION 4.01. Conditions Precedent. The agreement of each Lender to make Term Loans on the Closing Date is subject solely to the
satisfaction or waiver by the Administrative Agent, prior to or concurrently with the making of the Term Loans on the Closing Date, of the following conditions precedent: 

(1) Loan Documents. The Administrative Agent shall have received this Agreement, the Security Agreement, Guaranty Agreement and each
other Loan Document, in each case, dated as of the Closing Date, duly executed and delivered by a Responsible Officer of each of the Loan Parties party thereto. 

(2) Borrowing Request. On or prior to the Closing Date, the Administrative Agent shall have received a Borrowing Request. 

(3) ABL Credit Facility. The ABL Loan Documents required by the terms of the ABL Credit Agreement to be executed on the Closing Date
shall have been duly executed and delivered by each Loan Party party thereto, and shall be in full force and effect, and prior to or substantially simultaneously with the initial Borrowings on the Closing Date, the Borrower shall have received at
least $350.0 million in gross cash proceeds from the incurrence of the Initial ABL Borrowing. 
 (4) Second Lien Credit Facility. The
Second Lien Loan Documents required by the terms of the Second Lien Credit Agreement to be executed on the Closing Date shall have been duly executed and delivered by each Loan Party party thereto, and shall be in full force and effect, and prior to
or substantially simultaneously with the initial Borrowings on the Closing Date, the Borrower shall have received at least $625.0 million in gross cash proceeds from the incurrence of the Initial Second Lien Borrowing. 

(5) Fees. All fees and expenses required to be paid to the Administrative Agent and the Arrangers on or prior to the Closing Date shall
have been paid. 
 (6) Solvency Certificate. The Administrative Agent shall have received a solvency certificate substantially in the
form attached hereto as Exhibit B. 
 (7) Closing Date Certificates. The Administrative Agent shall have received a
certificate of a Responsible Officer of the Loan Parties dated the Closing Date and certifying: 
 (a) that attached thereto
is a true and complete copy of the charter or other similar organizational document of such Loan Party, and each amendment thereto, certified (as of a date reasonably near the Closing Date) as being a true and correct copy thereof by the Secretary
of State or other applicable Governmental Authority of the jurisdiction in which such Loan Party is organized; 
 (b) that
attached thereto is a true and complete copy of a certificate of the Secretary of State or other applicable Governmental Authority of the jurisdiction in which such Loan Party is organized, dated reasonably near the Closing Date, listing the charter
or other similar organizational document of such Person and each amendment thereto on file in such office and, if available, certifying that (i) such amendments are the only amendments to such Person’s charter on file in such office,
(ii) such Person has paid all franchise taxes to the date of such certificate and (iii) such Person is duly organized and in good standing under the laws of such jurisdiction; 

(c) that attached thereto is a true and complete copy of resolutions duly adopted by the Board of Directors of such Loan Party
authorizing the execution, delivery and performance of the Loan Documents to which it is a party or any other document delivered in connection herewith on the Closing Date and certifying that such resolutions have not been modified, rescinded or
amended and are in full force and effect; and 

  
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 (d) as to the incumbency and specimen signature of each Responsible Officer
executing the Loan Documents specified in Section 4.01(1) (together with a certificate of another officer as to the incumbency and specimen signature of the Responsible Officer executing the certificate pursuant to this Section 4.01(7)).

 (8) Legal Opinions. The Administrative Agent shall have received a customary legal opinion of (i) Latham & Watkins
LLP, special New York counsel to the Loan Parties, (ii) The Feinberg Hanson LLP, special Massachusetts counsel to the Loan Parties and (iii) Venable LLP, special Maryland counsel to the Loan Parties. 

(9) Pledged Equity Interests; Pledged Notes. Except as otherwise agreed by the Administrative Agent, the Administrative Agent shall
have received the certificates representing the Equity Interests (if such Equity Interests are certificated) of each Subsidiary Loan Party, in each case to the extent such Equity Interests are included in the Collateral and required to be pledged
pursuant to the Security Agreement, together with an undated stock power for each such certificate executed in blank by a duly authorized officer of the pledgor thereof. 

(10) Lien Searches. The Administrative Agent shall have received a completed Perfection Certificate dated as of the Closing Date and
signed by a Responsible Officer of the Borrower, together with, if requested by the Administrative Agent at least 21 days prior to the Closing Date, the results of a search of Uniform Commercial Code filings made with respect to the Loan Parties
(for purposes of this clause (10), giving effect to the Transactions) in the applicable jurisdiction of organization of each Loan Party and copies of the financing statements (or similar documents) disclosed by such search. 

(11) Know Your Customer and Other Required Information. All documentation and other information required by regulatory authorities
under applicable “know your customer” and anti-money laundering rules and regulations, as has been reasonably requested in writing by the Administrative Agent at least ten calendar days prior to the Closing Date, will be provided not later
than the date that is three Business Days prior to the Closing Date. 
 (12) Payoff Documentation. The Administrative Agent shall
have received customary payoff letters evidencing the repayment of all outstanding Indebtedness and the termination of all commitments under each of the Existing First Lien Term Loan Agreement and the Existing Second Lien Credit Agreement, and the
release of all respective liens, if any, in connection therewith. 
 (13) Intercreditor Agreement. The Administrative Agent shall
have received an executed copy of the Intercreditor Agreement, amended pursuant to the terms thereof to, among other things, reflect the new administrative agents and collateral agents under the Term Facility and Second Lien Credit Facility, and
which shall be in full force and effect as of the Closing Date. 
 (14) Representations and Warranties; Absence of Default. All
representations and warranties contained in Article III of this Agreement shall be true and correct in all material respects on the Closing Date, except to the extent such representation or warranty specifically refers to an earlier date, in which
case it shall be true and correct in all material respects as of such earlier date (in each case, any representation or warranty that is qualified as to “materiality,” “Material Adverse Effect” or similar language shall be true
and correct in all respects) and no Default shall have occurred immediately after giving effect to the Transactions to occur on the Closing Date (assuming that the payment of the Distribution occurs on the Closing Date). 

There are no conditions, implied or otherwise, to the making of Term Loans on the Closing Date other than as set forth in the preceding clauses
(1) through (14) and upon satisfaction or waiver by the Administrative Agent of such conditions the Tranche B Term Loans will be made by the Lenders. 

ARTICLE V 
 Affirmative
Covenants 
 The Borrower covenants and agrees with each Lender that so long as this Agreement is in effect and until the
Commitments have been terminated and the Obligations (other than Obligations in respect of (i) Specified 

  
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Hedge Agreements and Cash Management Obligations that are not then due and payable and (ii) contingent indemnification and reimbursement obligations that are not yet due and payable and for
which no claim has been asserted) have been paid in full, unless the Required Lenders otherwise consent in writing, the Borrower will, and will cause its Restricted Subsidiaries, to, and will cause Holdings (solely with respect to Sections 5.01(1),
5.03, 5.06, 5.07 and 5.10(4)), to: 
 SECTION 5.01. Existence; Businesses and Properties. 

(1) Do or cause to be done all things necessary to preserve, renew and keep in full force and effect its legal existence, except: 

(a) in the case of a Restricted Subsidiary, where the failure to do so would not reasonably be expected to have a Material
Adverse Effect; or 
 (b) in connection with a transaction permitted under Section 6.05. 

(2) Do or cause to be done all things necessary to lawfully obtain, preserve, renew, extend and keep in full force and effect the permits,
franchises, authorizations, Intellectual Property Rights, licenses and rights with respect thereto necessary to the normal conduct of its business and (b) at all times maintain and preserve all property necessary to the normal conduct of its
business and keep such property in good repair, working order and condition (ordinary wear and tear excepted) and from time to time make, or cause to be made, all needful and proper repairs, renewals, additions, improvements and replacements thereto
necessary in order that the business carried on in connection therewith, if any, may be properly conducted at all times, in each case, except: 

(a) as expressly permitted by this Agreement; 

(b) such as may expire, be abandoned , be cancelled, lapse or disposed of in the ordinary course of business; or 

(c) where the failure to do so would not reasonably be expected to have a Material Adverse Effect. 

SECTION 5.02. Insurance. 

(1) Maintain, with insurance companies reasonably believed to be financially sound and reputable, insurance in such amounts and against such
risks as are customarily maintained by similarly situated companies engaged in the same or similar businesses operating in the same or similar locations, and within 90 days of the Closing Date cause the Collateral Agent to be listed as a co-loss
payee on property and casualty policies and as an additional insured on liability policies. The Borrower will furnish to the Administrative Agent or Collateral Agent, upon request, information in reasonable detail as to the insurance so maintained.
Notwithstanding the foregoing, it is understood and agreed that no Loan Party will be required to maintain flood insurance other than with respect to any Mortgaged Property required to be so insured pursuant to the Flood Disaster Protection Act of
1973 or the National Flood Insurance Act of 1968, and the regulations promulgated thereunder, because such Mortgaged Property is located in an area which has been identified by the Secretary of Housing and Urban Development as a “special flood
hazard area.” 
 (2) Use commercially reasonable efforts to: (a) if insurance is procured from insurance companies, obtain
certificates and endorsements reasonably acceptable to the Administrative Agent with respect to property and casualty insurance; (b) cause each insurance policy referred to in this Section 5.02 and procured from an insurance company to
provide that it shall not be cancelled, modified or not renewed (x) by reason of nonpayment of premium except upon not less than 10 days’ prior written notice thereof by the insurer to the Administrative Agent (giving the Administrative
Agent the right to cure defaults in the payment of premiums) or (y) for any other reason except upon not less than 30 days’ prior written notice thereof by the insurer to the Administrative Agent; and (c) deliver to the Administrative
Agent, prior to the cancellation, modification or non-renewal of any such policy of insurance, a copy of a renewal or replacement policy (or other evidence of renewal of a policy previously delivered to the

  
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Administrative Agent, including an insurance binder) together with evidence reasonably satisfactory to the Administrative Agent of payment of the premium therefor. 

SECTION 5.03. Taxes. Pay and discharge promptly when due all material Taxes imposed upon it or its income or profits or in respect of
its property, before the same becomes delinquent or in default; provided that such payment and discharge will not be required with respect to any Tax if (a)(1) the validity or amount thereof is being contested in good faith by appropriate
proceedings and (2) Holdings, the Borrower or any affected Restricted Subsidiary, as applicable, has set aside on its books reserves in accordance with GAAP with respect thereto or (b) such failure to pay or discharge would not reasonably
be expected to result in a Material Adverse Effect. 
 SECTION 5.04. Financial Statements, Reports, etc. Furnish to the
Administrative Agent (which will promptly furnish such information to the Lenders): 
 (1) within 90 days following the end of each fiscal
year ended after the Closing Date (i), a consolidated balance sheet and related statements of operations, cash flows and owners’ equity showing the financial position of the Borrower and the Restricted Subsidiaries as of the close of such
fiscal year and the consolidated results of its operations during such fiscal year and, in each case, starting with the following fiscal year, setting forth in comparative form the corresponding figures for the prior fiscal year, which consolidated
balance sheet and related statements of operations, cash flows and owners’ equity will be audited by independent public accountants of recognized national standing, or such other accountants as are reasonably acceptable to the Administrative
Agent, and accompanied by an opinion of such accountants (which opinion shall not be subject to any “going concern” statement, explanatory note or like qualification or exception (other than a “going concern” statement,
explanatory note or like qualification or exception resulting from an upcoming maturity date occurring within one year from the time such opinion is delivered or anticipated (but not actual) covenant non-compliance)) to the effect that such
consolidated financial statements fairly present, in all material respects, the financial position and results of operations of the Borrower and the Restricted Subsidiaries on a consolidated basis in accordance with GAAP (the applicable financial
statements delivered pursuant to this clause (1) being the “Annual Financial Statements”) and (ii) a management’s discussion and analysis of financial conditions and results of operations, discussing and
analyzing the results of operations of the Borrower for the period covered by such Annual Financial Statements; 
 (2) within 45 days
following the end of each of the first three fiscal quarters of each fiscal year, (i) a consolidated balance sheet and related statements of operations and cash flows showing the financial position of the Borrower and the Restricted
Subsidiaries as of the close of such fiscal quarter and the consolidated results of its operations during such fiscal quarter and, in each case, the then-elapsed portion of the fiscal year and setting forth in comparative form the corresponding
figures for the corresponding periods of the prior fiscal year, which consolidated balance sheet and related statements of operations and cash flows will be certified by a Responsible Officer of the Borrower on behalf of the Borrower as fairly
presenting, in all material respects, the financial position and results of operations of the Borrower and the Restricted Subsidiaries on a consolidated basis in accordance with GAAP, subject to normal year-end audit adjustments and the absence of
footnotes, and (ii) a management’s discussion and analysis of financial condition and results of operations, discussing and analyzing the results of operations of the Borrower for such fiscal quarter (the applicable financial statements
delivered pursuant to this clause (2) being the “Quarterly Financial Statements” and, together with the Annual Financial Statements, the “Required Financial Statements”); 

(3) concurrently with any delivery of Required Financial Statements, a certificate of a Financial Officer of the Borrower: 

(a) certifying that no Default or Event of Default has occurred and is continuing or, if a Default or Event of Default has
occurred and is continuing, specifying the nature and extent thereof and any corrective action taken or proposed to be taken with respect thereto; 

(b) setting forth the calculation and uses of the Available Amount for the fiscal period then ended if the Borrower has used
the Available Amount for any purpose during such fiscal period; 

  
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 (c) certifying a list of all Immaterial Subsidiaries, that each Subsidiary
set forth on such list individually qualifies as an Immaterial Subsidiary and that all such Subsidiaries in the aggregate do not exceed the limitation set forth in clause (ii) of the definition of the term “Immaterial Subsidiary”;

 (d) setting forth, in reasonable detail, the calculation of the Senior Secured First Lien Net Leverage Ratio for the most
recent period of four consecutive fiscal quarters as of the close of such fiscal year or such fiscal quarter, as applicable; and 

(e) certifying a list of all Unrestricted Subsidiaries at such time and that each Subsidiary set forth on such list qualifies
as an Unrestricted Subsidiary; 
 (4) promptly after the same become publicly available, copies of all periodic and other publicly available
reports, proxy statements and, to the extent requested by the Administrative Agent, other materials publicly filed by Holdings, the Borrower or any Restricted Subsidiary with the SEC or, after an initial public offering, distributed to its
stockholders generally, as applicable; 
 (5) within 90 days following the end of each full fiscal year ended after the Closing Date, a
consolidated annual budget for such fiscal year in the form customarily prepared by the Borrower (the “Budget”), which Budget will in each case be accompanied by the statement of a Financial Officer of the Borrower on behalf
of the Borrower to the effect that the Budget is based on assumptions believed by the Borrower to be reasonable as of the date of delivery thereof; 

(6) upon the reasonable request of the Collateral Agent, concurrently with the delivery of the Annual Financial Statements, an updated
Perfection Certificate (or, to the extent such request relates to specified information contained in the Perfection Certificate, such information) reflecting all changes since the date of the information most recently received pursuant to this
paragraph (6) or Section 5.10; 
 (7) promptly, from time to time, such other information regarding the operations, business
affairs and financial condition of Holdings, the Borrower or any Restricted Subsidiary, in each case, as the Administrative Agent may reasonably request (for itself or on behalf of any Lender); and 

(8) on a quarterly basis, at a time mutually agreed with Administrative Agent that is promptly after the delivery of the information required
pursuant to clauses (1) and (2) for each fiscal quarter, participate in a conference call for Lenders to discuss the financial condition and results of operations of the Borrower and its Subsidiaries for the most recently-ended period for
which financial statements have been delivered. 
 Anything to the contrary notwithstanding, the obligations in clauses (1) and
(2) of this Section 5.04 may be satisfied with respect to financial information of the Borrower and the Restricted Subsidiaries by furnishing (1) the applicable financial statements of Holdings (or any other Parent Entity) or
(2) the Borrower’s or Holdings’ (or any such other Parent Entity’s), as applicable, Form 10 K or 10 Q, as applicable, filed with the SEC; provided that with respect to each of the foregoing clauses (1) and
(2) (a) to the extent such information relates to Holdings (or a Parent Entity), such information is accompanied by consolidating information that explains in reasonable detail the differences between the information relating to Holdings
(or such Parent Entity), on the one hand, and the information relating to the Borrower and the Restricted Subsidiaries on a standalone basis, on the other hand, and (b) to the extent such information is in lieu of information required to be
provided under Section 5.04(1), such materials are accompanied by a report and opinion of independent public accountants of recognized national standing, or such other accountants as are reasonably acceptable to the Administrative Agent, and
accompanied by an opinion of such accountants (which opinion shall not be subject to any “going concern” statement, explanatory note or like qualification or exception (other than a “going concern” statement, explanatory note or
like qualification or exception resulting from an upcoming maturity date occurring within one year from the time such opinion is delivered or anticipated (but not actual) covenant non-compliance)) (it being understood and agreed that if, in
compliance with this paragraph, (x) the Borrower provides audited financial statements of Holdings (or any other Parent Entity) and related report and opinion of accountants with respect thereto in lieu of information required to be provided
under Section 5.04(1), no such audited financial information, opinion or report shall be required with respect to the Borrower, (y) the Borrower provides unaudited financial statements of Holdings (or any other Parent Entity) in lieu of
information required to be provided under Section 5.04(2), no such unaudited financial information shall be required with 

  
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respect to the Borrower and (z) the Borrower provides a Budget of Holdings and accompanying statement (or any other Parent Entity) in lieu of information required to be provided under
Section 5.04(5), no such Budget shall be required with respect to the Borrower; provided that for the avoidance of doubt, with respect to the foregoing clauses (x), (y) and (z) (i) to the extent such information relates to
Holdings (or a Parent Entity), such information is accompanied by consolidating information that explains in reasonable detail the differences between the information relating to Holdings (or such Parent Entity), on the one hand, and the information
relating to the Borrower and the Restricted Subsidiaries on a standalone basis, on the other hand, and (ii) to the extent such information is in lieu of information required to be provided under Section 5.04(1), such materials are
accompanied by a report and opinion of independent public accountants of recognized national standing, or such other accountants as are reasonably acceptable to the Administrative Agent, and accompanied by an opinion of such accountants (which
opinion shall not be subject to any “going concern” statement, explanatory note or like qualification or exception (other than a “going concern” statement, explanatory note or like qualification or exception resulting solely from
an upcoming maturity date occurring within one year from the time such opinion is delivered or anticipated (but not actual) covenant non-compliance)). The obligations in clauses (1) and (2) of this Section 5.04 may be satisfied by
delivery of financial information of the Borrower and its Subsidiaries so long as such financial statements include a reasonably detailed presentation, either on the face of the financial statements or in the footnotes thereto, of the financial
condition and results of operations of the Borrower and the Restricted Subsidiaries separate from the financial condition and results of operations of the Unrestricted Subsidiaries of the Borrower. 

Documents required to be delivered pursuant to this Section 5.04 may be delivered electronically in accordance with
Section 10.01(5). 
 SECTION 5.05. Litigation and Other Notices. Furnish to the Administrative Agent (which will promptly
thereafter furnish to the Lenders) written notice of the following promptly after any Responsible Officer of the Borrower obtains actual knowledge thereof: 

(1) any Default or Event of Default, specifying the nature and extent thereof and the corrective action (if any) proposed to be
taken with respect thereto; 
 (2) the filing or commencement of, or any written threat or notice of intention of any Person
to file or commence, any action, suit or proceeding, whether at law or in equity or by or before any Governmental Authority or in arbitration, against Holdings or any of the Restricted Subsidiaries as to which an adverse determination is reasonably
probable and which, if adversely determined, would reasonably be expected to have a Material Adverse Effect; and 
 (3) the
occurrence of any ERISA Event that, together with all other ERISA Events that have occurred, would reasonably be expected to have a Material Adverse Effect. 

SECTION 5.06. Compliance with Laws. Comply with all laws, rules, regulations and orders of any Governmental Authority applicable to it
or its property (including ERISA, FCPA, OFAC and the PATRIOT Act), except where the failure to do so, individually or in the aggregate, would not reasonably be expected to result in a Material Adverse Effect; provided that this
Section 5.06 will not apply to Environmental Laws, which are the subject of Section 5.09, or laws related to Taxes, which are the subject of Section 5.03. 

SECTION 5.07. Maintaining Records; Access to Properties and Inspections. Permit any Persons designated by the Administrative Agent to
visit and inspect the financial records and the properties of the Borrower or any Restricted Subsidiary at reasonable times, upon reasonable prior notice to the Borrower, and as often as reasonably requested, to make extracts from and copies of such
financial records, and permit any Persons designated by the Administrative Agent, upon reasonable prior notice to the Borrower to discuss the affairs, finances and condition of Holdings, the Borrower or any Restricted Subsidiary with the officers
thereof and independent accountants therefor (subject to such accountant’s policies and procedures); provided that the Administrative Agent may not exercise such rights more often than two times during any calendar year unless an Event
of Default is continuing and only one such time will be at the Borrower’s expense; and provided, further, that when an Event of Default is continuing, the Administrative Agent or any Lender (or any of their respective representatives or
independent contractors) may do any of the foregoing at the expense of the Borrower at any time during normal business hours and upon reasonable advance notice. 

  
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 Notwithstanding anything to the contrary in this Agreement (including Sections 5.04(7),
5.05, 5.07 and 5.12) or any other Loan Document, none of the Loan Parties or any of the Restricted Subsidiaries will be required to disclose, permit the inspection, examination or making copies or abstracts of, or discussion of, any document,
information or other matter with any competitor to the Borrower or any of its Subsidiaries or that (1) constitutes non-financial trade secrets or non-financial proprietary information, (2) in respect of which disclosure is prohibited by
law or any binding agreement, (3) is subject to attorney-client or similar privilege or constitutes attorney work product or (4) creates an unreasonably excessive expense or burden on the Borrower or any of its Subsidiaries. 

SECTION 5.08. Use of Proceeds. Use the proceeds of the Term Loans made on the Closing Date to finance, in part, the Transactions. 

SECTION 5.09. Compliance with Environmental Laws. Comply, and make reasonable efforts to cause all lessees and other Persons occupying
its fee-owned Real Properties to comply, with all Environmental Laws applicable to its operations and properties, and obtain and renew all material authorizations and permits required pursuant to Environmental Law for its operations and properties,
in each case in accordance with Environmental Laws, except, in each case, to the extent the failure to do so would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect. 

SECTION 5.10. Further Assurances; Additional Security. 

(1) If (a) a Restricted Subsidiary (other than an Excluded Subsidiary) of the Borrower is formed or acquired after the Closing Date or
(b) an Excluded Subsidiary ceases to constitute an Excluded Subsidiary (but remains a Restricted Subsidiary), within five Business Days after the date such Restricted Subsidiary is formed or acquired or such Excluded Subsidiary ceases to
constitute an Excluded Subsidiary, as applicable, notify the Collateral Agent thereof and, within 45 days after the date such Restricted Subsidiary is formed or acquired or such Subsidiary ceases to constitute an Excluded Subsidiary (or such longer
period as the Administrative Agent may agree in its sole discretion), the Borrower will or will cause such Restricted Subsidiary to: 

(i) deliver a joinder to each of the Security Agreement and Guaranty Agreement, in the form annexed as Exhibit I to each of the
Security Agreement and the Guaranty Agreement, duly executed on behalf of such Restricted Subsidiary; 
 (ii) to the extent
required by and subject to the exceptions set forth in the Security Agreement, pledge the outstanding Equity Interests (other than Excluded Equity Interests) owned by such Restricted Subsidiary, and cause each Loan Party owning any Equity Interests
issued by such Restricted Subsidiary to pledge such outstanding Equity Interests (other than Excluded Equity Interests), and deliver all certificates (if any) representing such Equity Interests, together with stock powers or other instruments of
transfer with respect thereto endorsed in blank, to the Collateral Agent (or a designated bailee thereof); 
 (iii) to the
extent required by and subject to the exceptions set forth in this Section 5.10 or the Security Documents, deliver to the Collateral Agent (or a designated bailee thereof) Uniform Commercial Code financing statements with respect to such
Restricted Subsidiary and such other documents reasonably requested by the Collateral Agent to create the Liens intended to be created under the Security Documents and perfect such Liens to the extent required by the Security Documents; and 

(iv) except as otherwise contemplated by this Section 5.10 or any Security Document, obtain all consents and approvals
required to be obtained by it in connection with (A) the execution and delivery of all Security Documents (or supplements thereto) to which it is a party and the granting by it of the Liens thereunder and (B) the performance of its
obligations thereunder. 
 (2) If the Borrower or any Loan Party (a) acquires fee simple title in Real Property after the Closing Date
or (b) enters a joinder pursuant to Section 5.10(1)(i) hereof and owns fee simple title in Real Property, then, in each case, within 90 days (or such longer period as the Administrative Agent may agree in its sole discretion) after such
acquisition or entry of a joinder (as applicable): 

  
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 (a) notify the Collateral Agent thereof of such acquired or owned Real
Property (as applicable); 
 (b) cause any such acquired or owned Real Property (as applicable) that has a fair market value
(as determined in good faith by a Responsible Officer of the Borrower) in excess of $5.0 million to be subjected to a Mortgage securing the Obligations unless such Real Property shall be subject to a Specified Sale and Lease-Back Transaction or
other sale and lease-back transaction or is already mortgaged to a third party to the extent permitted by Section 6.02; 

(c) (A) obtain fully paid American Land Title Association Lender’s Extended Coverage title insurance policies in form
and substance reasonably satisfactory to Collateral Agent, with endorsements (including zoning endorsements where available) and in an amount not less than 100% of the fair market value of each Mortgaged Property that is owned in fee insuring the
fee simple title to each of the fee owned Mortgaged Properties vested in the applicable Loan Party and insuring the Collateral Agent that the relevant Mortgage creates a valid and enforceable first priority Lien on the Mortgaged Property encumbered
thereby, each of which title policy (“Title Policy”) (1) shall include all endorsements reasonably requested by the Collateral Agent and available in the related jurisdiction and (2) shall provide for affirmative
insurance and such reinsurance as the Collateral Agent may reasonably request, all of the foregoing in form and substance reasonably satisfactory to the Collateral Agent; (B) evidence reasonably satisfactory to the Collateral Agent that the
applicable Loan Party has (1) delivered to the title company (the “Title Company”) all certificates and affidavits reasonably required by the Title Company in connection with the issuance of the applicable Title Policy
and (2) paid to the Title Company or to the appropriate Governmental Authorities all expenses and premiums of the Title Company and all other sums required in connection with the issuance of the Title Policies and all recording and stamp taxes
(including mortgage recording and intangible taxes) payable in connection with recording the Mortgages in the applicable real property records; and (C) a title report issued by the Title Company with respect thereto, together with copies of all
recorded documents listed as exceptions to title or otherwise referred to therein, each in form and substance reasonably satisfactory to the Collateral Agent (the “Mortgage Policies”); 

(d) obtain (i) American Land Title Association/American Congress on Surveying and Mapping surveys, dated no more than 30
days before the date of their delivery to the Collateral Agent, certified to the Collateral Agent and the issuer of the Mortgage Policies in a manner reasonably satisfactory to the Collateral Agent or (ii) previously obtained ALTA surveys and
affidavits of “no-change” with respect to each such survey, such surveys and affidavits to be sufficient to issue Title Policies to the Administrative Agent providing all reasonably required survey coverage and survey endorsements; 

(e) deliver to the Collateral Agent: (A) a completed Flood Certificate with respect to each Mortgaged Property, which
Flood Certificate shall (1) be addressed to the Collateral Agent, (2) be completed by a company which has guaranteed the accuracy of the information contained therein, and (3) otherwise comply with the Flood Program; (B) evidence
describing whether the community in which each Mortgaged Property is located participates in the Flood Program; (C) if any Flood Certificate states that a Mortgaged Property is located in a Flood Zone, the Borrower’s written
acknowledgement of receipt of written notification from the Collateral Agent (1) as to the existence of each such Mortgaged Property, and (2) as to whether the community in which each such Mortgaged Property is located is participating in
the Flood Program; and (D) if any Mortgaged Property is located in a Flood Zone and is located in a community that participates in the Flood Program, evidence that the applicable Loan Party has obtained a policy of flood insurance that is in
compliance with all applicable regulations of the Board of Governors; 
 (f) provide evidence of insurance (including all
insurance required to comply with applicable flood insurance laws) naming the Collateral Agent as loss payee and additional insured with such responsible and reputable insurance companies or associations, and in such amounts and covering such risks,
as are reasonably satisfactory to the Collateral Agent, including the insurance required by the terms of any mortgage or deed of trust; 

  
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 (g) for each Mortgage delivered pursuant to clause (b), obtain customary
mortgage or deed of trust enforceability opinions of local counsel for the Loan Parties in the states in which such acquired Real Properties owned in fee simple are located; and 

(h) take, or cause the applicable Loan Party to take, such actions as shall be necessary or reasonably requested by the
Collateral Agent to perfect such Liens, in each case, at the expense of the Loan Parties, subject to paragraph (5) of this Section 5.10. 

(3) Furnish to the Collateral Agent five Business Days prior written notice of any change in any Loan Party’s: 

(a) corporate or organization name; 

(b) organizational structure; 

(c) location (determined as provided in UCC Section 9-307); or 

(d) organizational identification number (or equivalent) or, solely if required for perfecting a security interest in the
applicable jurisdiction, Federal Taxpayer Identification Number. 
 The Borrower will not effect or permit any such change unless all filings have been
made, or will be made within any statutory period, under the Uniform Commercial Code or otherwise that are required in order for the Collateral Agent to continue at all times following such change to have a valid, legal and perfected security
interest, for the benefit of the applicable Secured Parties, in all Collateral held by such Loan Party. 
 (4) Execute any and all other
documents, financing statements, agreements and instruments, and take all such other actions (including the filing and recording of financing statements and other documents), not described in the preceding clauses (1) through (3) and that
may be required under any applicable law, or that the Collateral Agent may reasonably request, to satisfy the requirements set forth in this Section 5.10 and in the Security Documents with respect to the creation and perfection of the Liens on
the Collateral in favor of the Collateral Agent, for the benefit of the Secured Parties, contemplated herein and in the Security Documents and to cause such requirement to be and remain satisfied, all at the expense of the Borrower, and provide to
the Collateral Agent, from time to time upon reasonable request, evidence as to the perfection and priority of the Liens created by the Security Documents. 

(5) Notwithstanding anything to the contrary, 

(a) the other provisions of this Section 5.10 need not be satisfied with respect to any Excluded Property or Excluded
Equity Interests or any exclusions and carve-outs from the perfection requirements set forth in the Security Agreement; 

(b) neither the Borrower nor the other Loan Parties will be required to grant a security interest in any asset or perfect a
security interest in any Collateral to the extent the cost, burden, difficulty or consequence of obtaining or perfecting a security interest therein outweighs the benefit of the security afforded thereby as reasonably determined by a Responsible
Officer of the Borrower and the Administrative Agent; and 
 (c) no actions will be required outside of the United States in
order to create or perfect any security interest in any assets located outside of the United States and no foreign law security or pledge agreements, foreign law mortgages or deeds or foreign intellectual property filings or searches will be
required. 
 (6) With respect to each Mortgaged Property set forth on Schedule 3.15(3), within 90 days after the Closing Date (or such
longer period as the Administrative Agent may agree in its sole discretion), the Borrower will 

  
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or will cause the applicable Restricted Subsidiary to, deliver a Mortgage securing the Obligations and all items described in clauses 2(c)-(g) of this Section 5.10 and comply with
clause 2(h) of this Section 5.10. 
 SECTION 5.11. Credit Ratings. Use commercially reasonable efforts to maintain at all times
(a) a credit rating by each of S&P and Moody’s in respect of the Term Facility and (b) a public corporate rating by S&P and a public corporate family rating by Moody’s for the Borrower, in each case with no requirement to
maintain any specific minimum rating. 
 SECTION 5.12. Preparation of Environmental Reports. At any time during the continuance of an
Event of Default, provide to the Lenders within 60 days after reasonable request from the Administrative Agent or the Required Lenders, at the expense of the Borrower, an environmental site assessment report for any of its Real Properties described
in such request, prepared by an environmental consulting firm reasonably acceptable to the Administrative Agent, indicating the presence or absence of Hazardous Materials at such property and the estimated cost of any compliance, including, if
applicable, the estimated costs of legally required removal or remedial actions in connection with any such Hazardous Materials on such Real Property; without limiting the generality of the foregoing, if the Administrative Agent reasonably
determines at any time following 30 days after its initial request that a material risk exists that any such report will not be provided within the time referred to above, the Administrative Agent may retain an environmental consulting firm to
prepare such report at the expense of the Borrower, and Holdings hereby grants and agrees to cause any Subsidiary that maintains an interest in any Real Property described in such request to grant at the time of such request to the Administrative
Agent, the Lenders, such firm and any agents or representatives thereof an irrevocable non-exclusive license, after reasonable advance notice subject to the reasonable rights of tenants or any limitation contained in applicable leases, to enter onto
their respective properties to undertake such an assessment. Any such assessment shall be conducted during normal business hours and in a manner reasonably designed to mitigate any material interference with the ongoing operations of the Loan
Party’s business. The Loan Parties may require that, prior to entry onto the Real Property, any such engineer or consultant shall present evidence of reasonable and customary insurance coverage, including general liability and professional
liability policies. Unless there exists a reasonable belief that there has been a material Release of Hazardous Materials at the Real Property any such assessment shall be limited to a visual inspection of the property and shall not include the
taking of any samples of soil, groundwater, surface water, building materials or other environmental media. 
 SECTION 5.13. Post-Closing
Matters. Deliver to Administrative Agent, in form and substance reasonably satisfactory to the Administrative Agent, the items described on Schedule 5.13 hereof on or before the dates specified with respect to such items on Schedule
5.13 (or, in each case, such later date as may be agreed to by Administrative Agent in its sole discretion or, with respect to matters relating primarily to the ABL Priority Collateral, in the sole discretion of the administrative agent under
the ABL Credit Agreement). All representations and warranties contained in this Agreement and the other Loan Documents will be deemed modified to the extent necessary to effect the foregoing (and to permit the taking of the actions described on
Schedule 5.13 within the time periods specified thereon, rather than as elsewhere provided in the Loan Documents). 
 ARTICLE VI 

Negative Covenants 

The Borrower covenants and agrees with each Lender that, so long as this Agreement is in effect and until the Commitments have been terminated
and the Obligations (other than Obligations in respect of (i) Specified Hedge Agreements and Cash Management Obligations that are not then due and payable and (ii) contingent indemnification and reimbursement obligations that are not yet
due and payable and for which no claim has been asserted) have been paid in full, unless the Required Lenders otherwise consent in writing, it will not and will not permit any of its Restricted Subsidiaries to: 

SECTION 6.01. Indebtedness. Issue, incur or assume any Indebtedness; provided that the Borrower and the Restricted Subsidiaries
may issue, incur or assume Indebtedness so long as immediately after giving effect to the issuance, incurrence or assumption of such Indebtedness, the Interest Coverage Ratio is 2.00 to 1.00 or greater (“Ratio Debt”); and
provided, further, that the aggregate principal amount of Ratio Debt incurred by Restricted Subsidiaries that are not Guarantors, when aggregated with the amount of Permitted Refinancing Indebtedness incurred by

  
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Restricted Subsidiaries that are not Guarantors in respect of Ratio Debt, may not exceed $50.0 million at any time outstanding. 

The foregoing limitation will not apply to (collectively, “Permitted Debt”): 

(1) (a) Indebtedness created under the Loan Documents (including Incremental Term Loans, Other Term Loans and Extended
Term Loans); (b) Incremental Equivalent Term Debt and (c) Credit Agreement Refinancing Indebtedness; 
 (2)
(a) Indebtedness incurred pursuant to the ABL Loan Documents and the issuance and creation of letters of credit and bankers’ acceptances thereunder (with letters of credit and bankers’ acceptances being deemed to have a principal
amount equal to the face amount thereof) up to an aggregate principal amount as of any date not to exceed $1,350.0 million, (b) any Permitted Refinancing Indebtedness incurred to Refinance any Indebtedness or obligations permitted pursuant to
clause (a) of this clause (2) (and any successive Permitted Refinancing Indebtedness in respect thereof) and (c) obligations in respect of any Secured Hedge Agreement (as defined in the ABL Credit Agreement) and Cash Management
Obligations (as defined in the ABL Credit Agreement); 
 (3) (a) Indebtedness incurred pursuant to the Second Lien
Credit Agreement not to exceed, in the case of all Indebtedness incurred pursuant to this clause (3) (other than any Indebtedness incurred under the Second Lien Credit Agreement in accordance with clause 3(x) of Section 2.18)), $625.0
million, (b) any Permitted Refinancing Indebtedness incurred to Refinance any Indebtedness or obligations originally permitted pursuant to this clause (3) (and any successive Permitted Refinancing Indebtedness in respect thereof) and
(c) obligations in respect of any Specified Hedge Agreement (as defined in the Second Lien Credit Agreement) and Cash Management Obligations (as defined in the Second Lien Credit Agreement); 

(4) Indebtedness existing on the Closing Date (other than Indebtedness described in clause (1), (2) or (3) above)
after giving effect to the Refinancing and, with respect to such Indebtedness exceeding $5.0 million in the aggregate, set forth on Schedule 6.01; 

(5) Capital Lease Obligations, Indebtedness with respect to mortgage financings and purchase money Indebtedness to finance all
or any part of the purchase, lease, construction, installation, repair or improvement of property (real or personal), plant or equipment or other fixed or capital assets and Indebtedness arising from the conversion of the obligations of the Borrower
or any Restricted Subsidiary under or pursuant to any “synthetic lease” transactions to on-balance sheet Indebtedness of the Borrower or such Restricted Subsidiary, in an aggregate outstanding principal amount, including all Permitted
Refinancing Indebtedness incurred to Refinance any Indebtedness originally permitted pursuant to this clause (5) (and any successive Permitted Refinancing Indebtedness), not to exceed the greater of (a) $200.0 million and (b) 6.00% of
Consolidated Total Assets as of the date any such Indebtedness is incurred; provided that such Indebtedness is incurred within 270 days after the purchase, lease, construction, installation, repair or improvement of the property that is the
subject of such Indebtedness; provided, further, that for the purposes of determining compliance with this Section 6.01(5), Attributable Indebtedness shall not be deemed to arise from a Specified Sale and Lease-Back Transaction or other
sale and lease-back transaction with respect to real property comprising a Store or distribution center that is originally treated under GAAP as an operating lease at the time such Specified Sale and Lease-Back Transaction or such other sale and
leaseback transaction is consummated but is subsequently treated under GAAP as a capitalized lease as the result of a change in GAAP (or interpretations thereof) after the Closing Date; 

(6) Indebtedness owed to (including obligations in respect of letters of credit or bank Guarantees or similar instruments for
the benefit of) any Person providing workers’ compensation, health, disability or other employee benefits (whether to current or former employees) or property, casualty or liability insurance or self-insurance in respect of such items, or other
Indebtedness with respect to reimbursement-type obligations regarding workers’ compensation claims, health, disability or other employee benefits (whether current or former) or property, casualty or liability insurance; 

 

  
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 (7) Indebtedness arising from agreements of the Borrower or any Restricted
Subsidiary providing for indemnification, earn-outs, adjustment of purchase or acquisition price or similar obligations, in each case, incurred or assumed in connection with the Transactions, a Permitted Change of Control, any Permitted Acquisition
or the disposition of any business, assets or Restricted Subsidiaries not prohibited by this Agreement, other than Guarantees of Indebtedness incurred by any Person acquiring all or any portion of such business, assets or Restricted Subsidiaries for
the purpose of financing any such Permitted Acquisition; 
 (8) intercompany Indebtedness between or among the Borrower and
the Restricted Subsidiaries; provided that the aggregate outstanding principal amount of such Indebtedness that is owing by any Restricted Subsidiary that is not a Guarantor to a Loan Party may not exceed the amount, as of the date such
Indebtedness is incurred, permitted pursuant to Sections 6.04(5) and (6); 
 (9) Indebtedness pursuant to Hedge Agreements;

 (10) Indebtedness in respect of performance bonds, bid bonds, appeal bonds, surety bonds and completion Guarantees and
similar obligations, in each case, provided in the ordinary course of business, including those incurred to secure health, safety and environmental obligations in the ordinary course of business; 

(11) Guarantees of Indebtedness of the Borrower or the Restricted Subsidiaries permitted to be incurred under this Agreement to
the extent such Guarantees are not prohibited by the provisions of Section 6.04 (without giving effect to Section 6.04(20)); 

(12) (a) Indebtedness incurred or assumed in connection with a Permitted Acquisition and Indebtedness of any Person that
becomes a Restricted Subsidiary if such Indebtedness was not created in anticipation or contemplation of such Permitted Acquisition or such Person becoming a Restricted Subsidiary and (b) Indebtedness incurred or assumed in anticipation or
contemplation of a Permitted Acquisition; provided that, in each case of the foregoing subclauses (a) and (b): 

(i) no Event of Default is continuing immediately before such Permitted Acquisition or would result therefrom; 

(ii) immediately after giving effect to such Permitted Acquisition, on a Pro Forma Basis, either (A) the Borrower would be
permitted to incur at least $1 of Ratio Debt or (B) (x) in the case of Indebtedness secured on a pari passu basis with the Term Loans, the Senior Secured First Lien Net Leverage Ratio, calculated on a Pro Forma Basis, is less than
or equal to the equal to the Senior Secured First Lien Net Leverage Ratio immediately prior thereto, (y) in the case of Indebtedness to be secured on a junior basis to the Term Loans, the Total Secured Net Leverage Ratio, calculated on a Pro
Forma Basis, is less than or equal to the Total Secured Net Leverage Ratio immediately prior thereto, and (III) in the case of unsecured Indebtedness, the Total Net Leverage Ratio, calculated on a Pro Forma Basis, is less than or equal to the Total
Net Leverage Ratio immediately prior thereto; and 
 (iii) the aggregate principal amount of any such Indebtedness incurred
pursuant to clause (12)(b) by Restricted Subsidiaries that are not Guarantors, together with any Permitted Re-financing Indebtedness incurred by Restricted Subsidiaries that are not Guarantors to Refinance any Indebtedness originally permitted
pursuant to clause (12)(b) (and any successive Permitted Refinancing Indebtedness), may not exceed $75.0 million at any one time outstanding as of the date such Indebtedness is incurred; 

(13) Indebtedness incurred in connection with a sale and leaseback transaction (including any Specified Sale and Leaseback
Transaction permitted by Section 6.05), together with any Permitted Refinancing Indebtedness incurred to Refinance any Indebtedness permitted pursuant to this clause (13); 

  
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 (14) Indebtedness arising from the honoring by a bank or other financial
institution of a check, draft or similar instrument drawn against insufficient funds in the ordinary course of business, so long as such Indebtedness (other than credit or purchase cards) is extinguished within 10 Business Days after notification
received by the Borrower of its incurrence; 
 (15) Indebtedness supported by a letter of credit under the ABL Credit
Agreement (or any Permitted Refinancing Indebtedness in respect thereof), in a principal amount not in excess of the stated amount of such letter of credit; 

(16) Indebtedness in an aggregate outstanding principal amount not to exceed an amount equal to 100% of the net proceeds
received by the Borrower from the issuance or sale of its Equity Interests or as a contribution to its capital after the Closing Date, other than (a) proceeds from the issuance or sale of the Borrower’s Disqualified Stock,
(b) Excluded Contributions, (c) [reserved] and (d) any such proceeds that are used prior to the date of incurrence to (i) make an Investment under Section 6.04(3), a Restricted Payment under Section 6.06(15) or a
payment in respect of Junior Financing under Section 6.09(2)(a), in each case utilizing the Available Amount or (ii) make a Restricted Payment under Section 6.06(1) or Section 6.06(2)(b) (any such Indebtedness,
“Contribution Indebtedness”), to the extent such contribution is designated by the Borrower as specified equity contributions for the incurrence of Contribution Indebtedness; 

(17) Indebtedness consisting of (a) the financing of insurance premiums or (b) take or pay obligations contained in
supply arrangements, in each case, in the ordinary course of business; 
 (18) Indebtedness incurred by a Receivables
Subsidiary in a Qualified Receivables Financing that is not recourse to the Borrower or any Restricted Subsidiary other than a Receivables Subsidiary (except for Standard Securitization Undertakings); 

(19) Cash Management Obligations and other Indebtedness in respect of Cash Management Services entered into in the ordinary
course of business; 
 (20) Indebtedness issued to future, current or former officers, directors, managers, and employees,
consultants and independent contractors of the Borrower or any Restricted Subsidiary or any direct or indirect parent thereof, their respective estates, heirs, family members, spouses or former spouses, in each case to finance the purchase or
redemption of Equity Interests of any Parent Entity permitted by Section 6.06; 
 (21) Indebtedness incurred on behalf
of, or representing Guarantees of Indebtedness of, joint ventures; provided that the aggregate outstanding principal amount of such Indebtedness, together with any Permitted Refinancing Indebtedness incurred to Refinance any Indebtedness
originally permitted pursuant to this clause (21) (and any successive Permitted Refinancing Indebtedness) may not exceed the greater of (a) $25.0 million and (b) 0.75% of Consolidated Total Assets as of the date any such
Indebtedness is incurred; 
 (22) Indebtedness of Foreign Subsidiaries in an aggregate outstanding principal amount, together
with any Permitted Refinancing Indebtedness incurred by Foreign Subsidiaries to Refinance any Indebtedness originally permitted pursuant to this clause (22) (and any successive Permitted Refinancing Indebtedness), not to not exceed the greater
of (a) $35.0 million and (b) 1.25% of Consolidated Total Assets as of the date any such Indebtedness is incurred; 

(23) unsecured Indebtedness in respect of short-term obligations to pay the deferred purchase price of goods or services or
progress payments in connection with such goods and services so long as such obligations are incurred in the ordinary course of business and not in connection with the borrowing of money; 

  
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 (24) Indebtedness representing deferred compensation or other similar
arrangements incurred by the Borrower or any Restricted Subsidiary (a) in the ordinary course of business or (b) in connection with a Permitted Change of Control or any Permitted Investment; 

(25) any Permitted Refinancing Indebtedness incurred to Refinance Ratio Debt, Incremental Equivalent Term Debt, Credit
Agreement Refinancing Indebtedness or Indebtedness incurred under clauses (2), (3), (4), (5), (12), (16), (21), (22), this clause (25) or clause (28) of this Section 6.01; 

(26) customer deposits and advance payments received in the ordinary course of business from customers for goods purchased in
the ordinary course of business; 
 (27) Indebtedness incurred by the Borrower or any Restricted Subsidiary in connection
with bankers’ acceptances, discounted bills of exchange, warehouse receipts or similar facilities or the discounting or factoring of receivables for credit management purposes, in each case incurred or undertaken in the ordinary course of
business; 
 (28) additional Indebtedness in an aggregate outstanding principal amount, including all Permitted Refinancing
Indebtedness incurred to Refinance any Indebtedness originally permitted pursuant to this clause (28) (and any successive Permitted Refinancing Indebtedness), not to exceed the greater of (a) $125.0 million and (b) 3.75% of
Consolidated Total Assets as of the date any such Indebtedness is incurred; provided that the aggregate principle amount of Indebtedness incurred pursuant to this clause (28) by non-Loan Parties may not exceed the greater of
(x) $35.0 million and (y) 1.25% of Consolidated Total Assets as of the date any such Indebtedness is incurred; 

(29) Indebtedness in respect of letters of credit issued for the account of the Borrower or any Restricted Subsidiary to
finance the purchase of inventory so long as (x) such Indebtedness is unsecured and (y) the aggregate principal amount of such Indebtedness does not exceed $100.0 million at any time; 

(30) guaranties in the ordinary course of business consistent with past practice of the obligations of suppliers, customers,
franchisees and licensees of the Borrower and its subsidiaries; and 
 (31) unsecured Indebtedness of the Borrower owing to
the Sponsors, so long as such Indebtedness is (1) subordinated in right of payment to the Term Loans on terms reasonably satisfactory to the Administrative Agent and (2) neither due nor payable (nor is any interest thereon payable) in each
case until at least ninety-one (91) days after the Maturity Date and provided that the documentation with respect thereto contains no mandatory prepayments and no operative or financial covenants. 

For purposes of determining compliance with this Section 6.01, in the event that an item of Indebtedness (or any portion thereof) meets
the criteria of more than one of the categories of Permitted Debt or is entitled to be incurred as Ratio Debt, the Borrower may, in its sole discretion, at the time of incurrence, divide, classify or reclassify, or at any later time divide, classify
or reclassify, such item of Indebtedness (or any portion thereof) in any manner that complies with this covenant; provided that all Indebtedness outstanding under the Loan Documents, the ABL Credit Agreement and the Second Lien Loan Documents
will be deemed to have been incurred in reliance on the exception in clauses (1), (2), and (3), respectively, of the definition of “Permitted Debt” and shall not be permitted to be reclassified pursuant to this paragraph. All unsecured
Permitted Debt originally permitted under clause (5), (21), (22) or (28) of the definition of Permitted Debt will be automatically reclassified as Ratio Debt on the first date on which such Indebtedness would have been permitted to be
incurred as Ratio Debt. Accrual of interest, the accretion of accreted value, amortization of original issue discount, the payment of interest or dividends in the form of additional Indebtedness with the same terms, and increases in the amount of
Indebtedness outstanding solely as a result of fluctuations in the exchange rate of currencies, will not be deemed to be an incurrence of Indebtedness for purposes of this Section 6.01. Guarantees of, or obligations in respect of letters of
credit relating to Indebtedness that is otherwise included in the determination of a particular amount of Indebtedness will not be included in the determination of such amount of Indebtedness; provided that the incurrence of the Indebtedness
represented by such Guarantee or letter of credit, as the case may be, was in compliance with this Section 6.01. 

  
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 For purposes of determining compliance with any Dollar-denominated restriction on the
incurrence of Indebtedness, the Dollar equivalent principal amount of Indebtedness denominated in a foreign currency shall be calculated based on the relevant currency exchange rate in effect on the date such Indebtedness was incurred, in the case
of term debt, or first committed or first incurred (whichever yields the lower Dollar equivalent), in the case of revolving credit debt; provided that if such Indebtedness is incurred to Refinance other Indebtedness denominated in a foreign
currency, and such refinancing would cause the applicable Dollar-denominated restriction to be exceeded if calculated at the relevant currency exchange rate in effect on the date of such refinancing, such Dollar-denominated restriction will be
deemed not to have been exceeded so long as the principal amount of such refinanc-ing Indebtedness does not exceed the principal amount of such Indebtedness being refinanced (plus unpaid accrued interest and premium (including tender premiums)
thereon and underwriting discounts, defeasance costs, fees, commissions and expenses in connection therewith). 
 SECTION 6.02.
Liens. Create, incur, assume or permit to exist any Lien that secures obligations under any Indebtedness on any property or assets at the time owned by it, except the following (collectively, “Permitted Liens”): 

(1) Liens securing Indebtedness incurred and obligations permitted under Sections 6.01(1), 6.01(2) or 6.01(3); provided
that, in the case of Indebtedness incurred and obligations permitted under Sections 6.01(2) and 6.01(3), the applicable Liens are subject to the Intercreditor Agreement or other intercreditor agreement(s) substantially consistent with and no less
favorable to the Lenders in any material respect than the Intercreditor Agreement as determined in good faith by a Responsible Officer of the Borrower; 

(2) Liens securing Indebtedness existing on the Closing Date and, to the extent securing such Indebtedness exceeding
$5.0 million in the aggregate, set forth on Schedule 6.02; provided that such Liens only secure the obligations that they secure on the Closing Date (and any Permitted Refinancing Indebtedness in respect of such obligations
permitted by Section 6.01) and do not apply to any other property or assets of the Borrower or any Restricted Subsidiary other than replacements, additions, accessions and improvements thereto; 

(3) Liens securing Indebtedness incurred in accordance with Section 6.01(5); provided that such Liens only extend
to the assets financed with such Indebtedness (and any replacements, additions, accessions and improvements thereto); 
 (4)
Liens on accounts receivable and related assets of the type specified in the definition of Qualified Receivables Financing securing Indebtedness incurred in accordance with Section 6.01(18); 

(5) Liens on assets or Equity Interests of Foreign Subsidiaries securing Indebtedness incurred in accordance with
Section 6.01(4), (12), (22) and (28); 
 (6) Liens securing Permitted Refinancing Indebtedness incurred in
accordance with Section 6.01(25); provided that the Liens securing such Permitted Refinancing Indebtedness are limited to all or part of the same property that secured (or, under the written arrangements under which the original Lien
arose, could secure) the original Lien (plus any replacements, additions, accessions and improvements thereto); 
 (7)
(a) Liens on property or Equity Interests of a Person at the time such Person becomes a Restricted Subsidiary if such Liens were not created in connection with, or in contemplation of, such other Person becoming a Restricted Subsidiary and
(b) Liens on property at the time the Borrower or a Restricted Subsidiary acquired such property, including any acquisition by means of a merger or consolidation with or into the Borrower or any of the Restricted Subsidiaries, if such Liens
were not created in connection with, or in contemplation of, such acquisition; 
 (8) Liens on property or assets of any
Restricted Subsidiary that is not a Guarantor securing obligations of Restricted Subsidiaries that are not Guarantors; 

  
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 (9) Liens for Taxes, assessments or other governmental charges or levies not
yet delinquent or that are being contested in compliance with Section 5.03; 
 (10) Liens disclosed by the title
insurance policies delivered on, or prior to or subsequent to the Closing Date and any replacement, extension or renewal of any such Liens (so long as the Indebtedness and other obligations secured by such replacement, extension or renewal Liens are
permitted by this Agreement); provided that such replacement, extension or renewal Liens do not cover any property other than the property that was subject to such Liens prior to such replacement, extension or renewal; 

(11) Liens securing judgments that do not constitute an Event of Default under Section 8.01(10) and notices of lis pendens
and associated rights related to litigation being contested in good faith by appropriate proceedings and in respect of which Holdings, the Borrower or any affected Restricted Subsidiary has set aside on its books reserves in accordance with GAAP
with respect thereto; 
 (12) Liens imposed by law, including landlord’s, carriers’, warehousemen’s,
mechanics’, materialmen’s, repairmen’s, construction or other like Liens arising in the ordinary course of business securing obligations that are not overdue by more than 30 days or that are being contested in good faith by
appropriate proceedings and in respect of which, if applicable, the Borrower or a Restricted Subsidiary has set aside on its books reserves in accordance with GAAP; 

(13) (a) pledges and deposits and other Liens made in the ordinary course of business in compliance with the Federal
Employers Liability Act or any other workers’ compensation, unemployment insurance and other similar laws or regulations and deposits securing liability to insurance carriers under insurance or self-insurance arrangements in respect of such
obligations and (b) pledges and deposits and other Liens securing liability for reimbursement or indemnification obligations of (including obligations in respect of letters of credit or bank guarantees for the benefit of) insurance carriers
providing property, casualty or liability insurance to the Borrower or any Restricted Subsidiary; 
 (14) deposits to secure
the performance of bids, trade contracts (other than for Indebtedness), leases (other than Capital Lease Obligations), statutory obligations, surety and appeal bonds, performance and return of money bonds, bids, leases, government contracts, trade
contracts, agreements with utilities, and other obligations of a like nature (including letters of credit in lieu of any such bonds or to support the issuance thereof) incurred by the Borrower or any Restricted Subsidiary in the ordinary course of
business, including those incurred to secure health, safety and environmental obligations in the ordinary course of business; 

(15) survey exceptions and such matters as an accurate survey would disclose, easements, trackage rights, leases (other than
Capital Lease Obligations), licenses, special assessments, rights of way covenants, conditions, restrictions and declarations on or with respect to the use of Real Property, servicing agreements, development agreements, site plan agreements and
other similar encumbrances incurred in the ordinary course of business and title defects or irregularities that are of a minor nature and that, in the aggregate, do not interfere in any material respect with the ordinary conduct of the business of
the Borrower or any Restricted Subsidiary; 
 (16) any interest or title of a lessor or sublessor under any leases or
subleases entered into by the Borrower or any Restricted Subsidiary in the ordinary course of business; 
 (17) Liens that
are contractual rights of set-off (a) relating to pooled deposit or sweep accounts of the Borrower or any Restricted Subsidiary to permit satisfaction of overdraft or similar obligations incurred in the ordinary course of business of the
Borrower or any Restricted Subsidiary or (b) relating to purchase orders and other agreements entered into with customers of the Borrower or any Restricted Subsidiary in the ordinary course of business; 

(18) Liens arising solely by virtue of any statutory or common law provision relating to banker’s liens, rights of set-off
or similar rights; 

  
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 (19) leases or subleases, licenses or sublicenses (including with respect to
intellectual property and software) granted to others in the ordinary course of business that do not interfere in any material respect with the business of the Borrower and the Restricted Subsidiaries, taken as a whole; 

(20) Liens solely on any cash earnest money deposits made by the Borrower or any Restricted Subsidiary in connection with any
letter of intent or other agreement in respect of any Permitted Investment; 
 (21) the prior rights of consignees and their
lenders under consignment arrangements entered into in the ordinary course of business; 
 (22) Liens arising from
precautionary Uniform Commercial Code financing statements; 
 (23) Liens on Equity Interests of any joint venture
(a) securing obligations of such joint venture or (b) pursuant to the relevant joint venture agreement or arrangement; 

(24) Liens in favor of customs and revenue authorities arising as a matter of law to secure payment of customs duties in
connection with the importation of goods; 
 (25) Liens on securities that are the subject of repurchase agreements
constituting Cash Equivalents under clause (4) of the definition thereof; 
 (26) Liens securing insurance premium
financing arrangements; 
 (27) Liens on vehicles or equipment of the Borrower or any of the Restricted Subsidiaries granted
in the ordinary course of business; 
 (28) Liens on cash and Cash Equivalents used to defease or to satisfy and discharge
Indebtedness; provided that such defeasance or satisfaction and discharge is not prohibited by this Agreement; 
 (29)
Liens: 
 (a) of a collection bank arising under Section 4-208 or 4-210 of the Uniform Commercial Code, or any
comparable or successor provision, on items in the course of collection; 
 (b) attaching to pooling, commodity trading
accounts or other commodity brokerage accounts incurred in the ordinary course of business; or 
 (c) in favor of banking or
other financial institutions or entities, or electronic payment service providers, arising as a matter of law encumbering deposits (including the right of set-off) and which are within the general parameters customary in the banking or finance
industry; 
 (30) Liens on specific items of inventory or other goods and proceeds of any Person securing such Person’s
obligations in respect of bankers’ acceptances or letters of credit entered into in the ordinary course of business issued or created for the account of such Person to facilitate the purchase, shipment or storage of such inventory or other
goods; 
 (31) Liens that rank pari passu with the Liens securing the Obligations if the Senior Secured First Lien Net
Leverage Ratio as of the date on which such Liens are first created is less than or equal to 4.60 to 1.00; provided (x) that a Debt Representative acting on behalf of the holders of such Indebtedness will become party to or otherwise
subject to the provisions of the Intercreditor Agreement and (y) such Liens shall not secure Indebtedness in the form of term loans; 

(32) Liens that rank junior to the Liens securing Obligations, if the Total Secured Net Leverage Ratio as of the date on which
such Liens are first created is less than or equal to 5.90 to 1.00; provided  

  
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that a Debt Representative acting on behalf of the holders of such Indebtedness will become party to or otherwise subject to the provisions of the Intercreditor Agreement; 

(33) Liens securing additional obligations in an aggregate outstanding principal amount not to exceed the greater of
(a) $75.0 million and (b) 2.25% of Consolidated Total Assets as of the date such Liens are first created; 
 (34)
Liens securing (a) Specified Hedge Obligations and Cash Management Obligations, which amounts are secured under the Loan Documents, (b) obligations in respect of any Specified Hedge Agreement (as defined in the Second Lien Credit
Agreement) and Cash Management Obligations (as defined in the Second Lien Credit Agreement) and (c) obligations in respect of any Secured Hedge Agreement (as defined in the ABL Credit Agreement) and Cash Management Obligations (as defined in
the ABL Credit Agreement); provided that, in each case, the applicable Liens are subject to the Intercreditor Agreement or other intercreditor agreement(s) substantially consistent with and no less favorable to the Lenders in any material
respect than the Intercreditor Agreement as determined in good faith by a Responsible Officer of the Borrower; 
 (35) Liens
securing Indebtedness incurred in accordance with Section 6.01(13) solely encumbering the assets that are subject of such Indebtedness; 

(36) Liens in favor of a trustee in an indenture to the extent such Liens secure only customary compensation and reimbursement
obligations of such trustee under such indenture; and 
 (37) assignments to landlords or mortgagees of insurance or
condemnation proceeds. 
 For purposes of this Section 6.02, Indebtedness will not be considered incurred under a subsection or clause of
Section 6.01 if it is later reclassified as outstanding under another subsection or clause of Section 6.01 (in which event, and at which time, same will be deemed incurred under the subsection or clause to which reclassified). 

SECTION 6.03. [Reserved]. 

SECTION 6.04. Investments, Loans and Advances. Purchase, hold or acquire (including pursuant to any merger, consolidation or
amalgamation with a Person that is not a Wholly Owned Subsidiary immediately prior to such merger, consolidation or amalgamation) any Equity Interests, evidences of Indebtedness or other securities of, make or permit to exist any loans or advances
to or Guarantees of the obligations of, or make or permit to exist any investment or any other interest in (each, a “Investment”), any other Person, except the following (collectively, “Permitted
Investments”): 
 (1) the Transactions; 

(2) loans and advances to officers, directors, employees or consultants of any Parent Entity, the Borrower or any Restricted
Subsidiary not to exceed $20.0 million in an aggregate principal amount at any time outstanding (calculated without regard to write-downs or write-offs after the date made); 

(3) Investments in an amount not to exceed the Available Amount as of the date such Investments are made; provided that
no Event of Default has occurred and is continuing immediately prior to making such Investment or would result therefrom; 

(4) Permitted Acquisitions and pre-existing Investments held by Persons acquired in Permitted Acquisitions or acquired in
connection with Permitted Acquisitions and not created in contemplation thereof; 
 (5) intercompany Investments among the
Borrower and the Restricted Subsidiaries (including intercompany Indebtedness); provided that the sum of (a) the aggregate fair market value of all such Investments (other than intercompany Indebtedness and Guarantees of Indebtedness)
made since the Closing 

  
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Date (with all such Investments being valued at their original fair market value and without taking into account subsequent increases or decreases in value) by the Borrower and the Guarantors in
Restricted Subsidiaries that are not Guarantors; (b) the aggregate principal amount of Indebtedness owing to the Borrower and the Guarantors by Restricted Subsidiaries that are not Guarantors at any time outstanding; and (c) the aggregate
principal amount of Indebtedness of Restricted Subsidiaries that are not Guarantors that is Guaranteed by the Borrower and the Guarantors at any time outstanding, together with any Investments made in Restricted Subsidiaries that are not Guarantors
pursuant to Section 6.04(31), may not exceed the greater of (i) $75.0 million and (ii) 2.25% of Consolidated Total Assets as of the date any such Investment is made, plus an amount equal to any returns of capital or sale
proceeds actually received in respect of any such Investments (which such amount shall not exceed the amount of such Investment (as determined above) at the time such Investment was made); 

(6) Investments in Foreign Subsidiaries; provided that the sum of (a) the aggregate fair market value of all such
Investments (other than intercompany Indebtedness and Guarantees of Indebtedness) made by the Borrower and the Restricted Subsidiaries since the Closing Date (with all such Investments being valued at their original fair market value and without
taking into account subsequent increases or decreases in value); (b) the aggregate principal amount of Indebtedness of Foreign Subsidiaries owing to the Borrower and the other Restricted Subsidiaries at any time outstanding; and (c) the
aggregate principal amount of Indebtedness of Foreign Subsidiaries that is Guaranteed by the Borrower and the other Restricted Subsidiaries at any time outstanding, when taken together with the aggregate amount of payments made with respect to
entities that do not become Guarantors pursuant to clause (2) of the definition of Permitted Acquisitions, may not exceed the greater of (i) $25.0 million and (ii) 0.75% of Consolidated Total Assets as of the date any such Investment
is made, plus an amount equal to any returns of capital or sale proceeds actually received in respect of any such Investments (which such amount shall not exceed the amount of such Investment (as determined above) at the time such Investment was
made); 
 (7) Cash Equivalents and, to the extent not made for speculative purposes, Investment Grade Securities or
Investments that were Cash Equivalents or Investment Grade Securities when made; 
 (8) Investments arising out of the
receipt by the Borrower or any of the Restricted Subsidiaries of non-cash consideration in connection with any sale of assets permitted under Section 6.05; 

(9) accounts receivable, security deposits and prepayments and other credits granted or made in the ordinary course of business
and any Investments received in satisfaction or partial satisfaction thereof from financially troubled account debtors and others, including in connection with the bankruptcy or reorganization of, or settlement of delinquent accounts and disputes
with or judgments against, such account debtors and others, in each case in the ordinary course of business; 
 (10)
Investments acquired as a result of a foreclosure by the Borrower or any Restricted Subsidiary with respect to any secured Investments or other transfer of title with respect to any secured Investment in default; 

(11) Hedge Agreements; 

(12) Investments existing on, or contractually committed as of, the Closing Date and set forth on Schedule 6.04 and any
replacements, refinancings, refunds, extensions, renewals or reinvestments thereof, so long as the aggregate amount of all Investments pursuant to this clause (12) is not increased at any time above the amount of such Investments existing or
committed on the Closing Date (other than pursuant to an increase as required by the terms of any such Investment as in existence on the Closing Date); 

(13) Investments resulting from pledges and deposits that are Permitted Liens; 

(14) intercompany loans among Foreign Subsidiaries and Guarantees by Foreign Subsidiaries permitted by Section 6.01(22);

  
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 (15) acquisitions of obligations of one or more officers or other employees
of any Parent Entity, Borrower or any Subsidiary of the Borrower in connection with such officer’s or employee’s acquisition of Equity Interests of any Parent Entity, so long as no cash is actually advanced by the Borrower or any
Restricted Subsidiary to such officers or employees in connection with the acquisition of any such obligations; 
 (16)
Guarantees of operating leases (for the avoidance of doubt, excluding Capital Lease Obligations) or of other obligations that do not constitute Indebtedness, in each case, entered into by the Borrower or any Restricted Subsidiary in the ordinary
course of business; 
 (17) Investments to the extent that payment for such Investments is made with Equity Interests of any
Parent Entity; 
 (18) Investments consisting of the redemption, purchase, repurchase or retirement of any Equity Interests
permitted under Section 6.06; 
 (19) Investments in the ordinary course of business consisting of Uniform Commercial
Code Article 3 endorsements for collection or deposit and Uniform Commercial Code Article 4 customary trade arrangements with customers; 

(20) Guarantees of Indebtedness permitted under Section 6.01; 

(21) advances in the form of a prepayment of expenses, so long as such expenses are being paid in accordance with customary
trade terms of the Borrower or any Restricted Subsidiary; 
 (22) Investments, including loans and advances, to any Parent
Entity so long as Borrower or any Restricted Subsidiary would otherwise be permitted to make a Restricted Payment in such amount; provided that the amount of any such Investment will be deemed to be a Restricted Payment under the appropriate
clause of Section 6.06 for all purposes of this Agreement; 
 (23) Investments consisting of the leasing or licensing of
intellectual property in the ordinary course of business or the contribution of intellectual property pursuant to joint marketing arrangements with other Persons; 

(24) purchases or acquisitions of inventory, supplies, materials and equipment or purchases or acquisitions of contract rights
or intellectual property in each case in the ordinary course of business; 
 (25) Investments in assets useful in the
business of the Borrower or any Restricted Subsidiary made with (or in an amount equal to) any Reinvestment Deferred Amount or Below Threshold Asset Sale Proceeds; provided that if the underlying Asset Sale was with respect to assets of the
Borrower or a Subsidiary Loan Party, then such Investment shall be consummated by the Borrower or a Subsidiary Loan Party; 

(26) any Investment in a Receivables Subsidiary or any Investment by a Receivables Subsidiary in any other Person, in each case
in connection with a Qualified Receivables Financing, including Investments of funds held in accounts permitted or required by the arrangements governing such Qualified Receivables Financing or any related Indebtedness; 

(27) intercompany current liabilities owed to Unrestricted Subsidiaries or joint ventures incurred in the ordinary course of
business in connection with the cash management operations of the Borrower and its Subsidiaries; 
 (28) Investments that are
made with Excluded Contributions; 
 (29) additional Investments; provided that the aggregate fair market value of
such Investments made since the Closing Date that remain outstanding (with all such Investments being valued at their original fair market value and without taking into account subsequent increases or decreases in value), when

  
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taken together with the aggregate amount of payments made with respect to Junior Financings pursuant to Section 6.09(1)(c) and Restricted Payments pursuant to Section 6.06(17), does not
exceed the greater of (a) $115.0 million and (b) 3.50% of Consolidated Total Assets as of the date any such Investment is made, in each case, plus any returns of capital actually received by the Borrower or any of the Restricted
Subsidiary in respect of such Investments; 
 (30) Investments by the Borrower or any Restricted Subsidiary in Captive
Insurance Companies; 
 (31) Investments in Indebtedness of the Borrower or any of its Restricted Subsidiaries;
provided that an Investment in Junior Financing will be treated as a repayment thereof for purposes of compliance with the covenant described in Section 6.09(2) and such Investment will be permitted only to the extent a repayment of such
Junior Financing would be permitted at the time of such Investment and provided, further, that any Investments in Indebtedness of any Restricted Subsidiary that is not a Guarantor, taken together with intercompany investments made
pursuant to Section 6.04(5), may not exceed the greater of (i) $75.0 million and (ii) 2.25% of Consolidated Total Assets as of the date any such Investment is made, plus an amount equal to any returns of capital or sale proceeds
actually received in respect of any such Investments (which such amount shall not exceed the amount of such Investment (as determined therein) at the time such Investment was made); and 

(32) any Investment, if (a) no Event of Default is continuing immediately prior to making such Investment or would result
therefrom and (b) the Total Net Leverage Ratio, on a Pro Forma Basis, is less than or equal to 4.50 to 1.00. 
 SECTION 6.05.
Mergers, Consolidations, Sales of Assets and Acquisitions. Merge into, or consolidate or amalgamate with, any other Person, or permit any other Person to merge into or consolidate with it, or sell, transfer or otherwise dispose of (in one
transaction or in a series of transactions) all or any part of its assets, or issue, sell, transfer or otherwise dispose of any Equity Interests of any Restricted Subsidiary, or purchase, lease or otherwise acquire (in one transaction or a series of
transactions) all or any substantial part of the assets of any other Person or any division, unit or business of any other Person, except that this Section 6.05 will not prohibit: 

(1) if at the time thereof and immediately after giving effect thereto no Event of Default has occurred and is continuing or
would result therefrom: 
 (a) the merger, consolidation or amalgamation of any Restricted Subsidiary into (or with) the
Borrower in a transaction in which the Borrower is the survivor; 
 (b) the merger, consolidation or amalgamation of any
Restricted Subsidiary into or with any Subsidiary Loan Party in a transaction in which the surviving or resulting entity is a Subsidiary Loan Party; 

and, in the case of each of the foregoing clauses (a) and (b), no Person other than the Borrower or a Subsidiary Loan Party receives any
consideration; 
 (c) the merger, consolidation or amalgamation of any Restricted Subsidiary that is not a Loan Party into or
with any other Restricted Subsidiary that is not a Loan Party; 
 (d) any transfer of inventory among the Borrower and its
Restricted Subsidiaries or between Restricted Subsidiaries and any other transfer of property or assets among the Borrower and its Restricted Subsidiaries or between Restricted Subsidiaries, in each case, in the ordinary course of business; 

(e) the liquidation or dissolution or change in form of entity of any Restricted Subsidiary of the Borrower if a Responsible
Officer of the Borrower determines in good faith that 

  
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such liquidation, dissolution or change in form is in the best interests of the Borrower and is not materially disadvantageous to the Lenders; 

(f) the merger, consolidation or amalgamation of any Restricted Subsidiary with or into any other Person in order to effect a
Permitted Investment so long as the continuing or surviving Person will be a Subsidiary Loan Party if the merging, consolidating or amalgamating Subsidiary was a Subsidiary Loan Party and which, together with each of its Subsidiaries, shall have
complied with the requirements of Section 5.10; or 
 (g) a merger or consolidation of the Borrower into a newly formed
entity organized under the laws of the United States of America, any state thereof or the District of Columbia in connection with a Permitted Change of Control; provided that either the Borrower shall be the surviving Person in such
transaction or the Person surviving such transaction shall expressly assume, pursuant to an instrument reasonably satisfactory to the Administrative Agent, all liabilities and obligations of the Borrower under this Agreement and the other Loan
Documents to which the Borrower is party; 
 (2) any sale, transfer or other disposition if: 

(a) the Net Cash Proceeds therefrom are to be applied in accordance with Section 2.08(1); 

(b) at least 75% of the consideration therefor is in the form of cash and Cash Equivalents; and 

(c) such sale, transfer or disposition is made for fair market value (as determined by a Responsible Officer of the Borrower in
good faith); 
 provided that each of the following items will be deemed to be cash for purposes of this Section 6.05(2): 

(i) any liabilities of the Borrower or the Restricted Subsidiaries (as shown on the most recent Required Financial Statements
or in the notes thereto), other than liabilities that are by their terms subordinated in right of payment to the Obligations, that are assumed by the transferee with respect to the applicable disposition and for which the Borrower and the Restricted
Subsidiaries have been validly released by all applicable creditors in writing; 
 (ii) any securities received by the
Borrower or any Restricted Subsidiary from such transferee that are converted by the Borrower or such Restricted Subsidiary into cash (to the extent of the cash received) within 180 days following the closing of the applicable disposition; and 

(iii) any Designated Non-Cash Consideration received in respect of such disposition; provided that the aggregate fair
market value of all such Designated Non-Cash Consideration, as determined by a Responsible Officer of the Borrower in good faith, taken together with all other Designated Non-Cash Consideration received pursuant to this clause (iii) that is
then outstanding, does not exceed the greater of (A) $40.0 million and (B) 1.25% of Consolidated Total Assets as of the date any such Designated Non-Cash Consideration is received, with the fair market value of each item of Designated
Non-Cash Consideration being measured at the time received and without giving effect to subsequent changes in value; 
 (3)
(a) the purchase and sale of inventory or goods in the ordinary course of business, (b) the acquisition or lease (pursuant to an operating lease) of any other asset in the ordinary course of business,
(c)

  
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the sale or other disposition of surplus, obsolete, damaged or worn out equipment or other property in the ordinary course of business or (d) the disposition of Cash Equivalents (or
Investments that were Cash Equivalents when made); 
 (4) so long as no Event of Default exists or would result therefrom,
Specified Sale and Lease-Back Transactions provided that, (x) such dispositions shall be for fair market value in a bona fide arm’s length transaction (as determined in the good faith judgment of the Borrower) and
(y) the applicable Specified Sale and Lease-Back Net Proceeds thereof are applied in accordance with Section 2.08(6); 

(5) Investments permitted by Section 6.04, (including any Permitted Acquisition or merger, consolidation or amalgamation
in order to effect a Permitted Acquisition), provided, that, following any such merger, consolidation or amalgamation involving the Borrower, the Borrower is the surviving corporation; 

(6) Permitted Liens; 

(7) Restricted Payments permitted by Section 6.06; 

(8) the sale or discount of overdue or defaulted receivables in the ordinary course of business and not as part of an accounts
receivables financing transaction; 
 (9) leases, licenses, or subleases or sublicenses of any real or personal property in
the ordinary course of business; 
 (10) sales, leases or other dispositions of inventory of the Borrower or any Restricted
Subsidiary determined by the management of the Borrower to be no longer useful or necessary in the operation of the business of the Borrower or such Restricted Subsidiary; 

(11) acquisitions and purchases made with Below Threshold Asset Sale Proceeds; 

(12) to the extent allowable under Section 1031 of the Code (or comparable or successor provision), any exchange of like
property (excluding any boot thereon permitted by such provision) for use in any business conducted by the Borrower or any Restricted Subsidiary that is not in contravention of Section 6.08; provided that to the extent the property being
transferred constitutes Term Priority Collateral, such replacement property will constitute Term Priority Collateral; and 

(13) sales or other dispositions by the Borrower or any Restricted Subsidiary of assets in connection with the closing or sale
of a Store (including a factory Store) in the ordinary course of business of the Borrower and its Subsidiaries, which consist of leasehold interests in the premises of such Store, the equipment and fixtures located at such premises and the books and
records relating exclusively and directly to the operations of such Store; provided that as to each and all such sales and closings, (A) no Event of Default shall result therefrom and (B) such sale shall be on commercially
reasonable prices and terms in a bona fide arm’s length transaction; 
 (14) bulk sales of other Dispositions of
the inventory of a Loan Party not in the ordinary course of business in connection with Store closings, at arm’s length; and 

(15) any sale, transfer or other disposition, in a single transaction or a series of related transactions, of any asset or
assets having a fair market value, as determined by a Responsible Officer of the Borrower in good faith, of not more than $5.0 million. 
 To the extent any
Collateral is disposed of in a transaction expressly permitted by this Section 6.05 to any Person other than Holdings, the Borrower or any Guarantor, such Collateral will be free and clear of the Liens created by the Loan Documents, and the
Administrative Agent will take, and each Lender hereby authorizes the Administrative 

  
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Agent to take, any actions reasonably requested by the Borrower in order to evidence the foregoing, in each case, in accordance with Section 10.18. 

SECTION 6.06. Restricted Payments. Declare or pay any dividend or make any other distribution (by reduction of capital or otherwise),
directly or indirectly, whether in cash, property, securities or a combination thereof, with respect to any of its Equity Interests (other than dividends and distributions on Equity Interests payable solely by the issuance of additional Equity
Interests (other than Disqualified Stock not otherwise permitted under Section 6.01) of the Person paying such dividends or distributions) or directly or indirectly redeem, purchase, retire or otherwise acquire for value any of its Equity
Interests or set aside any amount for any such purpose (other than through the issuance of additional Equity Interests (other than Disqualified Stock) of the Person redeeming, purchasing, retiring or acquiring such shares) (the foregoing,
“Restricted Payments”) other than: 
 (1) the making of any Restricted Payment in exchange for, or
out of or with the net cash proceeds of the sale (other than to a Restricted Subsidiary of the Borrower) of, Equity Interests of the Borrower (other than Disqualified Stock) or from the contribution of common equity capital to the Borrower, other
than (a) Excluded Contributions, (b) [reserved] and (c) any such proceeds that are used prior to the date of determination to (i) make an Investment under Section 6.04(3), a Restricted Payment under Section 6.06(15) or
a payment in respect of Junior Financing under Section 6.09(1)(a), in each case utilizing the Available Amount, (ii) make a Restricted Payment under Section 6.06(2)(b) or (iii) incur Contribution Indebtedness; 

(2) Restricted Payments to any Parent Entity the proceeds of which are used to purchase, retire, redeem or otherwise acquire,
or to any Parent Entity for the purpose of paying to any other Parent Entity to purchase, retire, redeem or otherwise acquire, the Equity Interests of such Parent Entity (including related stock appreciation rights or similar securities) held
directly or indirectly by then present or former directors, consultants, officers, employees, managers or independent contractors of Holdings, the Borrower or any of the Restricted Subsidiaries or any Parent Entity or their estates, heirs, family
members, spouses or former spouses (including for all purposes of this clause (2), Equity Interests held by any entity whose Equity Interests are held by any such future, present or former employee, officer, director, manager, consultant or
independent contractor or their estates, heirs, family members, spouses or former spouses) pursuant to any management equity plan or stock option plan or any other management or employee benefit plan or other agreement or arrangement or any stock
subscription or shareholder or similar agreement; provided that the aggregate amount of such purchases or redemptions may not exceed: 

(a) $25.0 million in any fiscal year (with any unused amounts in any fiscal year being carried over to the next three
succeeding fiscal years); plus  
 (b) the amount of net cash proceeds contributed to the Borrower that were received
by any Parent Entity since the Closing Date from sales of Equity Interests of any Parent Entity to directors, consultants, officers, employees, managers or independent contractors of any Parent Entity, the Borrower or any Restricted Subsidiary in
connection with permitted employee compensation and incentive arrangements, other than (a) Excluded Contributions, (b) [reserved] and (c) any such proceeds that are used prior to the date of determination to (1) make an
Investment under Section 6.04(3), a Restricted Payment under Section 6.06(15) or a payment in respect of Junior Financing under Section 6.09(2)(a), in each case utilizing the Available Amount, (2) make a Restricted Payment under
Section 6.06(1) or (3) incur Contribution Indebtedness; plus  
 (c) the amount of net proceeds of any key
man life insurance policies received during such fiscal year; plus  
 (d) the amount of any bona fide cash bonuses
otherwise payable to directors, consultants, officers, employees, managers or independent contractors of any Parent Entity, the Borrower or any Restricted Subsidiary that are foregone in return for the receipt of Equity Interests, the fair market
value of which is equal to or less than the amount of such cash bonuses, which, if not used in any year, may be carried forward to any subsequent fiscal year; 

  
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 and provided, further, that cancellation of Indebtedness owing to the Borrower or any
Restricted Subsidiary from directors, consultants, officers, employees, managers or independent contractors of any Parent Entity, the Borrower or any Restricted Subsidiary in connection with a repurchase of Equity Interests of any Parent Entity will
not be deemed to constitute a Restricted Payment; 
 (3) the Distribution and Restricted Payments to consummate the
Transactions; 
 (4) at any time after the consummation of a Qualified IPO, Restricted Payments in an amount equal to
6.0% per annum of the net cash proceeds received from any public sale of the Equity Interests of the Borrower or any Parent Entity that are contributed to the Borrower in cash; 

(5) Restricted Payments in the form of cash distributions to any Parent Entity that files, or to any Parent Entity for the
purpose of paying to any other Parent Entity that files, a consolidated, combined or unitary U.S. federal, state or local income tax return that includes the Borrower and one or more Subsidiaries (or the taxable income thereof), or to any Parent
Entity that is a partner or a sole owner of the Borrower in the event the Borrower is treated as a partnership or a “disregarded entity” for U.S. federal income tax purposes, to pay U.S. federal, state or local income taxes, in each case,
in an amount not to exceed the amount that the Borrower and its relevant Subsidiaries would have been required to pay in respect of the applicable U.S. federal or state or local income taxes had Borrower been the parent of a consolidated, combined
or unitary group (as applicable) only including the Borrower and its subsidiaries included in the applicable consolidated, combined or unitary return; provided, however, that any distributions pursuant to the foregoing in respect of any tax
liability attributed to taxable income of any Unrestricted Subsidiary shall be permitted only to the extent that cash distributions were made by such Unrestricted Subsidiary to the Borrower or any Restricted Subsidiary for such purpose; 

(6) Restricted Payments to permit any Parent Entity to: 

(a) pay operating, overhead, legal, accounting and other professional fees and expenses (including directors’ fees and
expenses and administrative, legal, accounting, filings and similar expenses), in each case to the extent related to its separate existence as a holding company or to its ownership of the Borrower and the Restricted Subsidiaries; 

(b) pay fees and expenses related to any public offering or private placement of debt or equity securities of, or incurrence of
any Indebtedness by, any Parent Entity or any Permitted Investment, whether or not consummated; 
 (c) pay franchise taxes
and other similar taxes and expenses, in each case, in connection with the maintenance of its legal existence; 
 (d) make
payments under transactions permitted under Section 6.07 (other than Section 6.07(8)) or Article VII, in each case to the extent such payments are due at the time of such Restricted Payment; or 

(e) pay customary salary, bonus and other benefits payable to, and indemnities provided on behalf of, officers, employees,
directors, managers, consultants or independent contractors of any Parent Entity to the extent related to its ownership of the Borrower and the Restricted Subsidiaries; 

(7) non-cash repurchases of Equity Interests deemed to occur upon exercise of stock options or warrants if such Equity
Interests represent a portion of the exercise price of such options or warrants; 
 (8) Restricted Payments to allow any
Parent Entity to make, or to any Parent Entity for the purpose of paying to any other Parent Entity to make, payments in cash, in lieu of the issuance of fractional shares, upon the exercise of warrants or upon the conversion or exchange of Equity
Interests of any such 

  
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Person, in connection with any merger, consolidation, amalgamation or other business combination, or in connection with any dividend, distribution or split of Equity Interests; 

(9) (a) any Sponsor Termination Fees pursuant to the Sponsor Management Agreement and (b) so long as no Event of
Default is continuing, Restricted Payments to any Parent Entity for the purpose of paying (i) monitoring, consulting, management, transaction, advisory, termination or similar fees payable to any Sponsor or any Affiliate of Sponsor in
accordance with the Management Agreement in an amount not to exceed amounts payable pursuant to the Management Agreement (it being understood that any amounts that are not paid due to the existence of an Event of Default shall accrue and may be paid
when the applicable Event of Default ceases to exist or is otherwise waived) and (ii) indemnities, reimbursements and reasonable and documented out-of-pocket fees and expenses of any Sponsor or any Affiliate of Sponsor; 

(10) Restricted Payments to the Borrower or any Restricted Subsidiary (or, in the case of non-Wholly Owned Subsidiaries, to the
Borrower and to each other owner of Equity Interests of such Restricted Subsidiary on a pro rata basis (or more favorable basis from the perspective of the Borrower or such Restricted Subsidiary) based on their relative ownership interests so
long as any repurchase of its Equity Interests from a Person that is not the Borrower or a Restricted Subsidiary is permitted under (or not prohibited by) Section 6.04); 

(11) Restricted Payments to any Parent Entity to finance, or to any Parent Entity for the purpose of paying to any other Parent
Entity to finance, any Permitted Investment; provided that (a) such Restricted Payment is made substantially concurrently with the closing of such Investment and (b) promptly following the closing thereof, such Parent Entity causes
(i) all property acquired (whether assets or Equity Interests) to be contributed to the Borrower or any Restricted Subsidiary of the Borrower or (ii) the merger, consolidation or amalgamation (to the extent permitted by Section 6.05)
of the Person formed or acquired into the Borrower or any Restricted Subsidiary of the Borrower in order to consummate such Permitted Investment, in each case, in accordance with the requirements of Section 5.10; 

(12) the payment of any dividend or distribution or consummation of any redemption within 60 days after the date of declaration
thereof or the giving of a redemption notice related thereto, if at the date of declaration or notice such payment would have complied with the provisions of this Agreement; 

(13) Restricted Payments as part of a Permitted Change of Control; 

(14) the distribution, as a dividend or otherwise, of shares of Capital Stock of, or Indebtedness owed to the Borrower or any
Restricted Subsidiary by, one or more Unrestricted Subsidiaries (other than Unrestricted Subsidiaries the primary assets of which are cash or Cash Equivalents); 

(15) any Restricted Payment in an amount not to exceed the Available Amount on the date such Restricted Payment is made if
(a) no Event of Default is continuing immediately prior to making such Restricted Payment or would result therefrom and (b) the Interest Coverage Ratio would be at least 2.00 to 1.00 after giving effect thereto; 

(16) any Restricted Payment, if (a) no Event of Default is continuing immediately prior to making such Restricted Payment
or would result therefrom and (b) the Total Net Leverage Ratio, on a Pro Forma Basis, is less than or equal to 4.25 to 1.00; or 

(17) additional Restricted Payments in an aggregate amount, when taken together with the aggregate amount of payments made with
respect to Junior Financings pursuant to Section 6.09(2)(c) and Investments made pursuant to Section 6.04(29) that remain outstanding, not to exceed $25.0 million. 

SECTION 6.07. Transactions with Affiliates. Sell or transfer any property or assets to, or purchase or acquire any property or assets
from, or otherwise engage in any other transaction with, any of its Affiliates in a transaction involving aggregate consideration in excess of $5.0 million, unless such transaction is (i) otherwise
per-

  
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mitted (or required) under this Agreement or (ii) upon terms no less favorable to the Borrower and the Restricted Subsidiaries, as applicable, than would be obtained in a comparable
arm’s length transaction with a Person that is not an Affiliate, except that this Section 6.07 will not prohibit: 

(1) transactions between or among (a) the Borrower and the Restricted Subsidiaries or (b) the Borrower and any Person
that becomes a Restricted Subsidiary as a result of such transaction (including by way of a merger, consolidation or amalgamation in which a Loan Party is the surviving entity); 

(2) so long as no Event of Default is continuing, payment of the Sponsor Termination Fees pursuant to the Sponsor Management
Agreement and management, monitoring, consulting, transaction, oversight, advisory and similar fees and payment of all expenses and indemnification claims, in each case, in accordance with the Management Agreement and Section 6.06(9) (it being
understood that any amounts that are not paid due to the existence of an Event of Default will accrue and may be paid when the applicable Event of Default ceases to exist or is otherwise waived); 

(3) any issuance of securities, or other payments, awards or grants in cash, securities or otherwise pursuant to, or the
funding of, employment arrangements, equity purchase agreements, stock options and stock ownership plans approved by the Board of Directors of the Borrower or any Parent Entity in good faith; 

(4) loans or advances to employees or consultants of any Parent Entity, the Borrower or any Restricted Subsidiary in accordance
with Section 6.04(2); 
 (5) the payment of fees, reasonable out-of-pocket costs and indemnities to directors, officers,
consultants and employees of any Parent Entity, the Borrower or any of the Restricted Subsidiaries in the ordinary course of business (limited, in the case of any Parent Entity, to the portion of such fees and expenses that are allocable to the
Borrower and the Restricted Subsidiaries (which shall be 100% for so long as such Parent Entity owns no assets other than the Equity Interests in the Borrower and assets incidental to the ownership of the Borrower and its Restricted Subsidiaries));

 (6) transactions, agreements and arrangements in existence on the Closing Date and set forth on Schedule 6.07 or
any amendment thereto to the extent such amendment is not adverse to the Lenders in any material respect as determined in good faith by a Responsible Officer of the Borrower; 

(7) (a) any employment and severance agreements entered into by the Borrower or any of the Restricted Subsidiaries in the
ordinary course of business, (b) any subscription agreement or similar agreement pertaining to the repurchase of Equity Interests pursuant to put/call rights or similar rights with employees, officers or directors and (c) any employee
compensation, benefit plan or arrangement, any health, disability or similar insurance plan which covers employees, and any reasonable employment contract and transactions pursuant thereto; 

(8) Restricted Payments permitted under Section 6.06, including payments to any Parent Entity; 

(9) any purchase by any Parent Entity of the Equity Interests of the Borrower and the purchase by the Borrower of Equity
Interests in any Restricted Subsidiary; 
 (10) payments to the Sponsors for any financial advisory, financing, underwriting
or placement services or in respect of other investment banking activities, including in connection with acquisitions or divestitures, which payments are approved by the majority of the Board of Directors of the Borrower, or a majority of the
Disinterested Directors of the Borrower, in good faith; 
 (11) transactions with Restricted Subsidiaries for the purchase or
sale of goods, products, parts and services entered into in the ordinary course of business; 

  
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 (12) any transaction in respect of which the Borrower delivers to the
Administrative Agent (for delivery to the Lenders) a letter addressed to the Board of Directors of Holdings or the Borrower from an accounting, appraisal or investment banking firm or consultant, in each case, of nationally recognized standing that
is (a) in the good faith determination of the Borrower qualified to render such letter and (b) independent from the Borrower and its Affiliates, which letter states that such transaction is (i) fair to the Borrower and its Restricted
Subsidiaries from a financial point of view or (ii) on terms that are no less favorable to the Borrower and the Restricted Subsidiaries than would be obtained in a comparable arm’s length transaction with a Person that is not an Affiliate;

 (13) transactions with joint ventures entered into in the ordinary course of business; 

(14) the issuance, sale or transfer of Equity Interests of the Borrower to any Parent Entity and capital contributions by any
Parent Entity to the Borrower (and payment of reasonable out-of-pocket expenses incurred by the Sponsors in connection therewith); 

(15) a Permitted Change of Control, the payment of any Permitted Change of Control Costs and the issuance of Equity Interests
to the management of Holdings, the Borrower or any of the Restricted Subsidiaries in connection with a Permitted Change of Control; 

(16) payments by Holdings, the Borrower or any of the Restricted Subsidiaries pursuant to tax sharing agreements among
Holdings, the Borrower and any of the Restricted Subsidiaries; 
 (17) payments or loans (or cancellation of loans) to
employees or consultants that are: 
 (a) approved by a majority of the Disinterested Directors of Holdings or the Borrower
in good faith; 
 (b) made in compliance with applicable law; and 

(c) otherwise permitted under this Agreement; 

(18) transactions with customers, clients, suppliers, or purchasers or sellers of goods or services, in each case, in the
ordinary course of business and otherwise in compliance with the terms of this Agreement, that are fair to the Borrower and the Restricted Subsidiaries; 

(19) transactions between or among the Borrower and the Restricted Subsidiaries and any Person, a director of which is also a
director of the Borrower or any Parent Entity, so long as (a) such director abstains from voting as a director of the Borrower or such Parent Entity, as the case may be, on any matter involving such other Person and (b) such Person is not
an Affiliate of the Borrower for any reason other than such director’s acting in such capacity; 
 (20) transactions
pursuant to, and complying with, the provisions of Section 6.01, Section 6.04 or Section 6.05(1); 
 (21) the
existence of, or the performance by any Loan Party of its obligations under the terms of, any customary registration rights agreement to which a Loan Party or any Parent Entity is a party or becomes a party in the future; and 

(22) intercompany transactions undertaken in good faith (as certified by a Responsible Officer of the Borrower) for the purpose
of improving the consolidated tax efficiency of Holdings and the Restricted Subsidiaries and not for the purpose of circumventing any covenant set forth herein. 

SECTION 6.08. Business of the Borrower and its Subsidiaries. Notwithstanding any other provisions hereof, engage at any time in any
material line of business or business activity other than any business or business activity conducted by the Borrower and the Restricted Subsidiaries on the Closing Date (after giving effect to the 

  
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Transactions) and any similar, corollary, related, ancillary, incidental or complementary business or business activities or a reasonable extension, development or expansion thereof or ancillary
thereto. 
 SECTION 6.09. Limitation on Payments and Modifications of Indebtedness; Modifications of Certain Other Agreements; etc.

 (1) make any cash payment or other distribution in cash in respect of, or amend or modify, or permit the amendment or modification of, any
provision of, any Junior Financing, or any payment or other distribution (whether in cash, securities or other property), including any sinking fund or similar deposits, on account of the purchase, redemption, retirement, acquisition, cancellation
or termination in respect of any Junior Financing; except in the case of this clause (1): 
 (a) payments in respect of
Junior Financings in an amount not to exceed the Available Amount on the date the payments are made if (i) no Event of Default is continuing immediately prior to making such Restricted Payment or would result therefrom and (ii) the
Interest Coverage Ratio would be at least 2.00 to 1.00 on Pro Forma Basis after giving effect thereto; 
 (b) payments in
respect of Junior Financings so long as (i) immediately after giving effect to such payment, the Borrower’s Total Net Leverage Ratio is 4.50 to 1.00 or less and (ii) no Event of Default is continuing immediately prior to making such
Restricted Payment or would result therefrom; 
 (c) additional payments in respect of Junior Financings, when taken together
with the aggregate amount of payments made with respect to Investments pursuant to Section 6.04(29) and Restricted Payments pursuant to Section 6.06(17), in an amount not to exceed the greater of (i) $25.0 million and (ii) 0.75%
of Consolidated Total Assets as of the date such payment is made; 
 (d) (i) the conversion or exchange of any Junior
Financing into or for Equity Interests of any Parent Entity or other Junior Financing and (ii) any payment that is intended to prevent any Junior Financing from being treated as an “applicable high yield discount obligation” within
the meaning of Section 163(i)(1) of the Code; 
 (e) the incurrence of Permitted Refinancing Indebtedness in respect
thereof; 
 (f) (i) payments of regularly scheduled principal and interest; (ii) mandatory offers to repay,
repurchase or redeem (including in connection with the Net Cash Proceeds of Asset Sales); (iii) mandatory prepayments of principal, premium and interest; and (iv) payments of fees, expenses and indemnification obligations, in each case,
with respect to such Junior Financing; and 
 (g) payments or distributions in respect of all or any portion of such Junior
Financing with the proceeds contributed directly or indirectly to the Borrower by any Parent Entity from the issuance, sale or exchange by any Parent Entity of Equity Interests made within 18 months prior thereto; or 

(2) permit any Material Subsidiary to enter into any agreement or instrument that by its terms restricts (a) with respect to any such
Material Subsidiary that is not a Guarantor, Restricted Payments from such Material Subsidiary to the Borrower or any other Loan Party that is a direct or indirect parent of such Material Subsidiary or (b) with respect to any such Material
Subsidiary that is a Guarantor, the granting of Liens by such Material Subsidiary pursuant to the Security Documents; except in the case of this clause (2): 

(a) restrictions imposed by applicable law or required by any Governmental Authority purporting to have jurisdiction over such
Material Subsidiary (including with respect to the status of any such Material Subsidiary as a Captive Insurance Company, if applicable); 

(b) contractual encumbrances or restrictions: 

(i) under the ABL Loan Documents; 

  
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 (ii) under the Second Lien Loan Documents; or 

(iii) under any agreement relating to Ratio Debt, Indebtedness incurred pursuant to Section 6.01(1), (2), (3), (4), (5),
(7), (12), (16), (21), (22), (25), (28) or (29) Indebtedness that is secured on a pari passu basis with Indebtedness under the Loan Documents or Indebtedness under the Second Lien Credit Agreement, the ABL Credit Agreement, or any
Permitted Refinancing Indebtedness in respect thereof, that does not materially expand the scope of any such encumbrance or restriction; 

(c) any restriction on a Restricted Subsidiary imposed pursuant to an agreement entered into for the sale or disposition of the
Equity Interests or assets of a Restricted Subsidiary pending the closing of such sale or disposition; 
 (d) customary
provisions in joint venture agreements and other similar agreements entered into in the ordinary course of business; 
 (e)
any restrictions imposed by any agreement relating to secured Indebtedness permitted by this Agreement to the extent that such restrictions apply only to the property or assets securing such Indebtedness; 

(f) customary provisions contained in leases or licenses of intellectual property and other similar agreements entered into in
the ordinary course of business; 
 (g) customary provisions restricting subletting or assignment of any lease governing a
leasehold interest; 
 (h) customary provisions restricting assignment of any agreement entered into in the ordinary course
of business; 
 (i) customary restrictions and conditions contained in any agreement relating to the sale, transfer or other
disposition of any asset permitted under Section 6.05 pending the consummation of such sale, transfer or other disposition; 

(j) customary restrictions and conditions contained in the document relating to any Lien, so long as (i) such Lien is a
Permitted Lien and such restrictions or conditions relate only to the specific asset subject to such Lien and (ii) such restrictions and conditions are not created for the purpose of avoiding the restrictions imposed by this Section 6.09;

 (k) customary net worth provisions contained in Real Property leases entered into by Restricted Subsidiaries, so long as a
Responsible Officer of the Borrower has determined in good faith that such net worth provisions would not reasonably be expected to impair the ability of the Borrower and the other Restricted Subsidiaries to meet their ongoing obligations; 

(l) any agreement in effect at the time any Person becomes a Restricted Subsidiary, so long as such agreement was not entered
into in contemplation of such Person becoming a Restricted Subsidiary; 
 (m) restrictions in agreements representing
Indebtedness permitted under Section 6.01 of a Restricted Subsidiary that is not a Subsidiary Loan Party; 
 (n)
customary restrictions on leases, subleases, licenses or Equity Interests or asset sale agreements otherwise permitted hereby as long as such restrictions relate to the Equity Interests and assets subject thereto; 

(o) restrictions on cash or other deposits imposed by customers under contracts entered into in the ordinary course of
business; or 

  
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 (p) any encumbrances or restrictions imposed by any amendments,
modifications, restatements, renewals, increases, supplements, refundings, replacements or refinancings of the contracts, instruments or obligations referred to in clauses (a) through (o) above, so long as such amendments, modifications,
restatements, renewals, increases, supplements, refundings, replacements or refinancings are, in the good faith judgment of the Borrower, not materially more restrictive with respect to such Lien, dividend and other payment restrictions, taken as a
whole, than those contained in the Lien, dividend or other payment restrictions prior to such amendment, modification, restatement, renewal, increase, supplement, refunding, replacement or refinancing. 

ARTICLE VII 
 Holdings
Covenant 
 SECTION 7.01. Holdings Covenant. Holdings will not, so long as this Agreement is in effect and until all
Obligations (other than Obligations in respect of (i) Specified Hedge Agreements and Cash Management Obligations that are not then due and payable and (ii) contingent indemnification and reimbursement obligations that are not yet due and
payable and for which no claim has been asserted) have been paid in full, unless the Required Lenders otherwise consent in writing, conduct, transact or otherwise engage in any active trade or business or operations other than through the Borrower
and its Subsidiaries. 
 The foregoing will not prohibit Holdings from taking actions related to the following (and activities incidental
thereto): 
 (1) its ownership of the Equity Interests of the Borrower; 

(2) the maintenance of its legal existence (including the ability to incur fees, costs and expenses relating to such
maintenance); 
 (3) the performance of its obligations with respect to the ABL Credit Agreement, the Tranche B Term Loan
Facility, the Second Lien Credit Facility and other Indebtedness permitted by this Agreement; 
 (4) any offering of its
common stock or any other issuance of its Equity Interests; 
 (5) the making of Restricted Payments; provided that
Holdings will not be permitted to make Restricted Payments using the cash from the Borrower or any Subsidiary unless such cash has been dividended or otherwise distributed to Holdings as a permitted Restricted Payment pursuant to the terms of
Section 6.06; 
 (6) the incurrence of Permitted Holdings Debt; 

(7) making contributions to the capital or acquiring Equity Interests of its Subsidiaries; 

(8) guaranteeing the obligations of the Borrower and its Subsidiaries; 

(9) participating in tax, accounting and other administrative matters as a member or parent of the consolidated group; 

(10) holding any cash or property (including cash and property received in connection with Restricted Payments made by the
Borrower, but excluding the Equity Interests of any Person other than the Borrower); 
 (11) providing indemnification to
officers and directors; 

  
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 (12) the making of Investments consisting of Cash Equivalents or, to the
extent not made for speculative purposes, Investment Grade Securities; 
 (13) the Distribution, the consummation of the
other Transactions on the Closing Date and any Permitted Change of Control; and 
 (14) activities incidental to the
businesses or activities described above. 
 ARTICLE VIII 

Events of Default 

SECTION 8.01. Events of Default. In case of the happening of any of the following events (each, an “Event of
Default”): 
 (1) any representation or warranty made by Holdings, the Borrower or any other Loan Party herein
or in any other Loan Document or any certificate or document required to be delivered pursuant hereto or thereto proves to have been false or misleading in any material respect when so made; 

(2) default is made in the payment of any principal of any Term Loan when and as the same becomes due and payable, whether at
the due date thereof, at a date fixed for prepayment thereof, by acceleration thereof or otherwise; 
 (3) default is made in
the payment of: 
 (a) any interest on any Term Loan or in the payment of any Fee (other than an amount referred to in clause
(2) of this Section 8.01), when and as the same becomes due and payable, and such default continues unremedied for a period of five Business Days; or 

(b) any other amount due under any Loan Document (other than an amount referred to in clause (2) or (3)(a) of this
Section 8.01), when and as the same becomes due and payable, and such default continues unremedied for a period of five Business Days; 

(4) default is made in the due observance or performance by Holdings, the Borrower or any Restricted Subsidiary of any
covenant, condition or agreement contained in Section 5.01(1) (solely with respect to the Borrower), or 5.05(1) or in Article VI or Article VII (in each case solely to the extent applicable to such Person); 

(5) default is made in the due observance or performance by Holdings, the Borrower or any Restricted Subsidiary of any
covenant, condition or agreement contained in any Loan Document (other than those specified in clauses (2), (3) and (4) of this Section 8.01), in each case solely to the extent applicable to such Person, and such default continues
unremedied for a period of 30 days after notice thereof from the Administrative Agent to the Borrower; 
 (6) (a) any
event or condition occurs (in each case, other than as a result of a Permitted Change of Control) that (i) results in any Material Indebtedness becoming due prior to its scheduled maturity or (ii) enables or permits (with all applicable
grace periods having expired) the holder or holders of any Material Indebtedness (other than under a Hedge Agreement) or any trustee or agent on its or their behalf to cause any such Material Indebtedness to become due, or to require the prepayment,
repurchase, redemption or defeasance thereof, prior to its scheduled maturity or (b) the Borrower or any Restricted Subsidiary fails to pay the principal of any Material Indebtedness at the stated final maturity thereof; provided that
this clause (6) will not apply to secured Indebtedness that becomes due as a result of the voluntary sale or transfer of the property or assets securing such Indebtedness if such sale or transfer is permitted hereunder and under the documents
providing for such Indebtedness; provided, further, that such event or condition is un-remedied and is not waived or cured by the holders of such Indebtedness prior to any acceleration of the 

  
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Term Loans pursuant to this Section 8.01; provided, further, that the failure to observe or perform a covenant under the ABL Credit Agreement (or any Permitted Refinancing
Indebtedness in respect thereof) shall not in and of itself constitute an Event of Default hereunder until the date on which the lenders under the ABL Credit Agreement (or any Permitted Refinancing Indebtedness in respect thereof) shall have
accelerated payment of the ABL Obligations (or any Permitted Refinancing Indebtedness in respect thereof) as the case may be and terminated the commitments with respect thereto or foreclosed upon the collateral securing the ABL Obligations pursuant
to applicable judicial proceedings (or any Permitted Refinancing Indebtedness in respect thereof); 
 (7) a Change of Control
occurs; 
 (8) an involuntary proceeding is commenced or an involuntary petition is filed in a court of competent
jurisdiction seeking: 
 (a) relief in respect of Holdings, the Borrower or any of the Material Subsidiaries, or of a
substantial part of the property or assets of Holdings, the Borrower or any Material Subsidiary, under Title 11 of the United States Code, as now constituted or hereafter amended, or any other federal, state or foreign bankruptcy, insolvency,
receivership or similar law; 
 (b) the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar
official for Holdings, the Borrower or any of the Material Subsidiaries or for a substantial part of the property or assets of Holdings, the Borrower or any Restricted Subsidiary; or 

(c) the winding up or liquidation of Holdings, the Borrower or any Material Subsidiary (except, in the case of any Material
Subsidiary, in a transaction permitted by Section 6.05) and such proceeding or petition continues undismissed for 60 days or an order or decree approving or ordering any of the foregoing is entered; 

(9) Holdings, the Borrower or any Material Subsidiary: 

(a) voluntarily commences any proceeding or files any petition seeking relief under Title 11 of the United States Code, as now
constituted or hereafter amended, or any other federal, state or foreign bankruptcy, insolvency, receivership or similar law; 

(b) consents to the institution of, or fails to contest in a timely and appropriate manner, any proceeding or the filing of any
petition described in clause (8) of this Section 8.01; 
 (c) applies for or consents to the appointment of a
receiver, trustee, custodian, sequestrator, conservator or similar official for Holdings, the Borrower or any of the Material Subsidiaries or for a substantial part of the property or assets of Holdings, the Borrower or any Material Subsidiary; 

(d) files an answer admitting the material allegations of a petition filed against it in any such proceeding; 

(e) makes a general assignment for the benefit of creditors; or 

(f) becomes unable or admits in writing its inability or fails generally to pay its debts as they become due; 

(10) the Borrower or any Restricted Subsidiary fails to pay one or more final judgments aggregating in excess of $35.0 million
(to the extent not covered by insurance), which judgments are not discharged or effectively waived or stayed for a period of 60 consecutive days; 

  
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 (11) (a) a trustee is appointed by a United States district court to
administer any Plan or (b) an ERISA Event or ERISA Events occurs with respect to any Plan or Multiemployer Plan, and, in each case, with respect to clauses (a) and (b) above, such event or condition, together with all other such
events or conditions, if any, is reasonably expected to have a Material Adverse Effect; or 
 (12) (a) any material
provision of any Loan Document ceases to be, or is asserted in writing by Holdings, the Borrower or any Restricted Subsidiary not to be, for any reason, a legal, valid and binding obligation of any party thereto, (b) any security interest
purported to be created by any Security Document and to extend to assets that are not immaterial to Holdings, the Borrower and the Restricted Subsidiaries on a consolidated basis ceases to be, or is asserted in writing by the Borrower or any other
Loan Party not to be, a valid and perfected security interest in the securities, assets or properties covered thereby, except to the extent that any such loss of validity, perfection or priority results from the limitations of foreign laws, rules
and regulations as they apply to pledges of Equity Interests in Foreign Subsidiaries or the application thereof, or from the failure of the Collateral Agent to maintain possession of certificates actually delivered to it representing securities
pledged under a Security Document or to file Uniform Commercial Code continuation statements and except to the extent that such loss is covered by a lender’s title insurance policy and the Collateral Agent is reasonably satisfied with the
credit of such insurer or (c) the Guarantees pursuant to the Security Documents by any Loan Party of any of the Obligations cease to be in full force and effect (other than in accordance with the terms thereof) or are asserted in writing by
Holdings, the Borrower or any other Subsidiary Loan Party not to be in effect or not to be legal, valid and binding obligations, except in the cases of clauses (a) and (b), in connection with an Asset Sale permitted by this Agreement; 

then, (i) upon the occurrence of any such Event of Default (other than an Event of Default with respect to the Borrower described in clause (8) or
(9) of this Section 8.01), and at any time thereafter during the continuance of such Event of Default, the Administrative Agent, at the request of the Required Lenders, will, by notice to the Borrower, take any or all of the following
actions, at the same or different times: (A) declare the Term Loans then outstanding to be forthwith due and payable in whole or in part, whereupon the principal of the Term Loans so declared to be due and payable, together with accrued
interest thereon and any unpaid accrued Fees and all other liabilities of the Borrower accrued hereunder and under any other Loan Document, will become forthwith due and payable, without presentment, demand, protest or any other notice of any kind,
all of which are hereby expressly waived by the Borrower, anything contained herein or in any other Loan Document to the contrary notwithstanding; and (B) exercise all rights and remedies granted to it under any Loan Document and all of its
rights under any other applicable law or in equity, and (ii) in any event with respect to the Borrower described in clause (8) or (9) of this Section 8.01, the principal of the Term Loans then outstanding, together with accrued
interest thereon and any unpaid accrued Fees and all other liabilities of the Borrower accrued hereunder and under any other Loan Document, will automatically become due and payable, without presentment, demand, protest or any other notice of any
kind, all of which are hereby expressly waived by the Borrower, anything contained herein or in any other Loan Document to the contrary notwithstanding. 

ARTICLE IX 
 The Agents

 SECTION 9.01. Appointment. 

(1) Each Lender (in its capacities as a Lender and on behalf of itself and its Affiliates as potential counterparties to Hedge Agreements)
hereby irrevocably designates and appoints the Administrative Agent as agent of such Lender under this Agreement and the other Loan Documents, as applicable, including as the Collateral Agent for such Lender and the other applicable Secured Parties
under the applicable Security Documents, and each such Lender irrevocably authorizes the Administrative Agent, in such capacities, to take such action on its behalf under the provisions of this Agreement and the other Loan Documents and to exercise
such powers and perform such duties as are expressly delegated to the Administrative Agent by the terms of this Agreement and the other Loan Documents, together with such other powers as are reasonably incidental thereto. In addition, to the extent
required under the laws of any jurisdiction other than the United States, each of the Lenders hereby grants to the Administrative Agent any required powers of attorney to execute any Security Document governed by the laws of such jurisdiction on
such Lender’s behalf. Notwithstanding any provision to the contrary elsewhere in this Agree-

  
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ment, the Administrative Agent shall not have any duties or responsibilities, except those expressly set forth herein, or any fiduciary relationship with any Lender, and no implied covenants,
functions, responsibilities, duties, obligations or liabilities shall be read into this Agreement or any other Loan Document or otherwise exist against the Administrative Agent. 

(2) To the extent required by any applicable law, the Administrative Agent may withhold from any payment to any Lender an amount equivalent to
any applicable withholding Tax. If the Internal Revenue Service or any other Governmental Authority asserts a claim that the Administrative Agent did not properly withhold Tax from amounts paid to or for the account of any Lender because the
appropriate form was not delivered or was not properly executed or because such Lender failed to notify the Administrative Agent of a change in circumstance which rendered the exemption from, or reduction of, withholding Tax ineffective or for any
other reason, such Lender shall indemnify the Administrative Agent fully for all amounts paid, directly or indirectly, by the Administrative Agent as Tax or otherwise, including any penalties or interest and together with all expenses (including
legal expenses, allocated internal costs and out-of-pocket expenses) incurred. Each Lender hereby authorizes the Administrative Agent to set off and apply any and all amounts at any time owing to such Lender under this Agreement or any other Loan
Document against any amount due the Administrative Agent under this Section 9.01(2). The agreements in this Section 9.01(2) shall survive the resignation and/or replacement of the Administrative Agent, any assignment of rights by, or the
replacement of, a Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all other Obligations. For the avoidance of doubt, no Borrower shall have liability for the actions of the Administrative Agent pursuant to
the immediately preceding sentence. 
 (3) In furtherance of the foregoing, each Lender (in its capacities as a Lender and on behalf of
itself and its Affiliates as potential counterparties to Hedge Agreements) hereby appoints and authorizes the Administrative Agent to act as the agent of such Lender for purposes of acquiring, holding and enforcing any and all Liens on the
Collateral granted by any of the Loan Parties to secure any of the Obligations, together with such powers and discretion as are reasonably incidental thereto. In connection therewith, the Administrative Agent (and any Subagents appointed by the
Administrative Agent pursuant to Section 9.02 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights or remedies thereunder at the direction of
the Administrative Agent) shall be entitled to the benefits of this Article IX (including Section 9.07) as though the Administrative Agent (and any such Subagents) were an “Agent” under the Loan Documents, as if set forth in full
herein with respect thereto. 
 (4) Each Lender (in its capacities as a Lender and on behalf of itself and its Affiliates as potential
counterparties to Hedge Agreements) irrevocably authorizes the Administrative Agent, at its option and in its discretion: 

(a) to release any Lien on any property granted to or held by the Administrative Agent under any Loan Document: 

(i) upon termination of the Commitments, the payment in full of all Obligations (other than Obligations in respect of
(i) Specified Hedge Agreements and Cash Management Obligations that are not then due and payable and (ii) contingent indemnification and reimbursement obligations that are not yet due and payable and for which no claim has been asserted);

 (ii) that is sold or to be sold as part of or in connection with any sale permitted hereunder or under any other Loan
Document; or 
 (iii) if approved, authorized or ratified in writing in accordance with Section 10.08 hereof; 

(b) to release any Loan Party from its obligations under the Loan Documents if such Person ceases to be a Restricted Subsidiary
as a result of a transaction permitted hereunder; and 

  
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 (c) to subordinate any Lien on any property granted to or held by the
Administrative Agent under any Loan Document to the holder of any Lien on such property that is permitted by Section 6.02(3) (and to the extent required by the terms thereof as of the Closing Date). 

Upon request by the Administrative Agent at any time, the Required Lenders will confirm in writing the Administrative Agent’s authority
to release its interest in particular types or items of property, or to release any Loan Party from its obligations under the Loan Documents. 

(5) In case of the pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or
other judicial proceeding relative to any Loan Party, (a) the Administrative Agent (irrespective of whether the principal of any Obligation shall then be due and payable as herein expressed or by declaration or otherwise and irrespective of
whether the Administrative Agent shall have made any demand on the Borrower) shall be entitled and empowered, by intervention in such proceeding or otherwise (i) to file and prove a claim for the whole amount of the principal and interest owing
and unpaid in respect of any or all of the Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of the Lenders and the Agents and any Subagents allowed in such judicial
proceeding and (ii) to collect and receive any monies or other property payable or deliverable on any such claims and to distribute the same, and (b) any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar
official in any such judicial proceeding is hereby authorized by each Lender to make such payments to the Administrative Agent and, if the Administrative Agent shall consent to the making of such payments directly to the Lenders, to pay to the
Administrative Agent any amount due for the reasonable compensation, expenses, disbursements and advances of the Administrative Agent and its agents and counsel, and any other amounts due the Administrative Agent under the Loan Documents. Nothing
contained herein shall be deemed to authorize the Administrative Agent to authorize or consent to or accept or adopt on behalf of any Lender any plan of reorganization, arrangement, adjustment or composition (each, a “Plan of
Reorganization”) affecting the Obligations or the rights of any Lender or to authorize the Administrative Agent to vote in respect of the claim of any Lender in any such proceeding. 

(6) The Lenders and each other holder of an Obligation under a Loan Document shall act collectively through the Administrative Agent and,
without limiting the delegation of authority to the Administrative Agent set forth herein, the Required Lenders shall direct the Administrative Agent with respect to the exercise of rights and remedies hereunder and under other Loan Documents
(including with respect to alleging the existence or occurrence of, and exercising rights and remedies as a result of, any Default or Event of Default in each case that could be waived with the consent of the Required Lenders), and such rights and
remedies shall not be exercised other than through the Administrative Agent; provided that the foregoing shall not preclude any Lender from exercising any right of set-off in accordance with the provisions of Section 10.06 or from
exercising rights and remedies (other than the enforcement of Collateral) with respect to any payment default after the occurrence of the Maturity Date with respect to any Term Loans made by it. 

SECTION 9.02. Delegation of Duties. The Administrative Agent may execute any of its duties under this Agreement and the other Loan
Documents (including for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof)) by or through agents, employees or attorneys-in-fact and shall be entitled to advice of counsel and other consultants or experts
concerning all matters pertaining to such duties. The Administrative Agent shall not be responsible for the negligence or misconduct of the agents or attorneys-in-fact selected by it with reasonable care. The Administrative Agent may also from time
to time, when the Administrative Agent deems it to be necessary or desirable, appoint one or more trustees, co-trustees, collateral co-agents, collateral subagents or attorneys-in-fact (each, a “Subagent”) with respect to all
or any part of the Collateral; provided that no such Subagent shall be authorized to take any action with respect to any Collateral unless and except to the extent expressly authorized in writing by the Administrative Agent. Should any
instrument in writing from the Borrower or any other Loan Party be required by any Subagent so appointed by the Administrative Agent to more fully or certainly vest in and confirm to such Subagent such rights, powers, privileges and duties, the
Borrower shall, or shall cause such Loan Party to, execute, acknowledge and deliver any and all such instruments promptly upon request by the Administrative Agent. If any Subagent, or successor thereto, shall die, become incapable of acting, resign
or be removed, all rights, powers, privileges and duties of such Subagent, to the extent permitted by law, shall automatically vest in and be exercised by the Administrative Agent until the appointment of a new Subagent. The Administrative Agent
shall not be responsible for the negligence or misconduct of any agent, attorney-in-fact or Subagent that it selects in ac-

  
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cordance with the foregoing provisions of this Section 9.02 in the absence of the Administrative Agent’s gross negligence or willful misconduct. 

SECTION 9.03. Exculpatory Provisions. None of the Administrative Agent, its Affiliates or any of their respective officers, directors,
employees, agents or attorneys-in-fact shall be (1) liable for any action lawfully taken or omitted to be taken by it or such Person under or in connection with this Agreement or any other Loan Document (except to the extent that any of the
foregoing are found by a final and non-appealable decision of a court of competent jurisdiction to have resulted from its or such Person’s own gross negligence or willful misconduct) or (2) responsible in any manner to any of the Lenders
for any recitals, statements, representations or warranties made by any Loan Party or any officer thereof contained in this Agreement or any other Loan Document or in any certificate, report, statement or other document referred to or provided for
in, or received by the Agents under or in connection with, this Agreement or any other Loan Document or for the value, validity, effectiveness, genuineness, enforceability or sufficiency of this Agreement or any other Loan Document or for any
failure of any Loan Party party thereto to perform its obligations hereunder or thereunder. The Agents shall not be under any obligation to any Lender to ascertain or to inquire as to the observance or performance of any of the agreements contained
in, or conditions of, this Agreement or any other Loan Document, or to inspect the properties, books or records of any Loan Party. The Administrative Agent shall not have any duties or obligations except those expressly set forth herein and in the
other Loan Documents. Without limiting the generality of the foregoing, (1) the Administrative Agent shall not be subject to any fiduciary or other implied duties, regardless of whether a Default or Event of Default has occurred and is
continuing, and (2) the Administrative Agent shall not, except as expressly set forth herein and in the other Loan Documents, have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to the
Borrower or any of its Affiliates that is communicated to or obtained by the Administrative Agent or any of its Affiliates in any capacity. The Administrative Agent shall not be responsible for or have any duty to ascertain or inquire into: 

(1) any statement, warranty or representation made in or in connection with this Agreement or any other Loan Document; 

(2) the contents of any certificate, report or other document delivered hereunder or thereunder or in connection herewith or
therewith; 
 (3) the performance or observance of any of the covenants, agreements or other terms or conditions set forth
herein or therein or the occurrence of any Default or Event of Default; 
 (4) the validity, enforceability, effectiveness or
genuineness of this Agreement, any other Loan Document or any other agreement, instrument or document, or the creation, perfection or priority of any Lien purported to be created by the Security Documents; 

(5) the value or the sufficiency of any Collateral; or 

(6) the satisfaction of any condition set forth in Article IV or elsewhere herein, other than to confirm receipt of items
expressly required to be delivered to the Administrative Agent. 
 SECTION 9.04. Reliance by Administrative Agent. The Administrative
Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing (including any electronic message, Internet or intranet website
posting or other distribution) or conversation believed in good faith by it to be genuine and to have been signed, sent or otherwise authenticated by the proper Person. The Administrative Agent also may rely upon any statement made to it orally or
by telephone and believed in good faith by it to have been made by the proper Person, and shall not incur any liability for relying thereon. In determining compliance with any condition hereunder to any Borrowing that by its terms must be fulfilled
to the satisfaction of a Lender, the Administrative Agent may presume that such condition is satisfactory to such Lender unless the Administrative Agent shall have received notice to the contrary from such Lender prior to such Borrowing. The
Administrative Agent may consult with legal counsel (including counsel to Holdings or the Borrower), independent accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in accordance with the
advice of any such counsel, accountants or experts. The Administrative Agent may deem and treat the payee of any Note as the owner thereof for all purposes unless a written notice of 

  
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assignment, negotiation or transfer thereof shall have been filed with the Administrative Agent. The Administrative Agent shall be fully justified in failing or refusing to take any action under
this Agreement or any other Loan Document unless it shall first receive such advice or concurrence of the Required Lenders (or, if so specified by this Agreement, all or other Lenders) as it deems appropriate or it shall first be indemnified to its
satisfaction by the Lenders against any and all liability and expense that may be incurred by it by reason of taking or continuing to take any such action. The Administrative Agent shall in all cases be fully protected in acting, or in refraining
from acting, under this Agreement and the other Loan Documents in accordance with a request of the Required Lenders (or, if so specified by this Agreement, all or other Lenders), and such request and any action taken or failure to act pursuant
thereto shall be binding upon all the Lenders and all future holders of the Term Loans. 
 SECTION 9.05. Notice of Default. The
Administrative Agent shall not be deemed to have knowledge or notice of the occurrence of any Default or Event of Default unless the Administrative Agent has received written notice from a Lender, Holdings or the Borrower referring to this
Agreement, describing such Default or Event of Default and stating that such notice is a “notice of default.” In the event that the Administrative Agent receives such a notice, the Administrative Agent shall give notice thereof to the
Lenders. The Administrative Agent shall take such action with respect to such Default or Event of Default as shall be reasonably directed by the Required Lenders (or, if so specified by this Agreement, all or other Lenders); provided that
unless and until the Administrative Agent shall have received such directions, the Administrative Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Default or Event of Default as it
shall deem advisable in the best interests of the Lenders. 
 SECTION 9.06. Non-Reliance on Agents and Other Lenders. Each Lender
expressly acknowledges that none of the Agents, the Arrangers or any of their respective officers, directors, employees, agents, attorneys-in-fact or affiliates have made any representations or warranties to it and that no act by the Administrative
Agent hereafter taken, including any review of the affairs of a Loan Party or any Affiliate of a Loan Party, shall be deemed to constitute any representation or warranty by the Administrative Agent to any Lender. Each Lender represents to the Agents
and Arrangers that it has, independently and without reliance upon the Administrative Agent or Arrangers, or any other Lender, and based on such documents and information as it has deemed appropriate, made its own appraisal of and investigation into
the business, operations, property, financial and other condition and creditworthiness of the Loan Parties and their Affiliates and made its own decision to make its Term Loans hereunder and enter into this Agreement. Each Lender also represents
that it will, independently and without reliance upon the Administrative Agent or Arrangers, or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit analysis,
appraisals and decisions in taking or not taking action under this Agreement and the other Loan Documents, and to make such investigation as it deems necessary to inform itself as to the business, operations, property, financial and other condition
and creditworthiness of the Loan Parties and their Affiliates. Except for notices, reports and other documents expressly required to be furnished to the Lenders by the Administrative Agent hereunder, the Administrative Agent shall not have any duty
or responsibility to provide any Lender with any credit or other information concerning the business, operations, property, condition (financial or otherwise), prospects or creditworthiness of any Loan Party or any Affiliate of a Loan Party that may
come into the possession of the Administrative Agent or any of its officers, directors, employees, agents, attorneys-in-fact or affiliates. 

SECTION 9.07. Indemnification. The Lenders agree to indemnify each Agent (to the extent not reimbursed by the Borrower and without
limiting the obligation of the Borrower to do so), in the amount of its pro rata share (based on its aggregate outstanding Term Loans determined at the time such indemnity is sought or, if indemnification is sought after the date upon which
the Term Loans shall have been paid in full, ratably in accordance with its pro rata share or the outstanding Term Loans immediately prior to the repayment or retirement in full of the Term Loans), from and against any and all liabilities,
obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind whatsoever that may at any time (whether before or after the payment of the Term Loans) be imposed on, incurred by or asserted against
the Administrative Agent in any way relating to or arising out of the Commitments, this Agreement, any of the other Loan Documents or any documents contemplated by or referred to herein or therein or the transactions contemplated hereby or thereby
or any action taken or omitted by the Administrative Agent under or in connection with any of the foregoing; provided that no Lender shall be liable for the payment of any portion of such liabilities, obligations, losses, damages, penalties,
actions, judgments, suits, costs, expenses or disbursements that are found by a final and non-appealable decision of a court of competent jurisdiction to have resulted from the Administrative Agent’s gross negligence or willful
mis-

  
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conduct. The failure of any Lender to reimburse the Administrative Agent promptly upon demand for its ratable share of any amount required to be paid by the Lenders to the Administrative Agent as
provided herein shall not relieve any other Lender of its obligation hereunder to reimburse the Administrative Agent for its ratable share of such amount, but no Lender shall be responsible for the failure of any other Lender to reimburse the
Administrative Agent for such other Lender’s ratable share of such amount. The agreements in this Section 9.07 shall survive the payment of the Term Loans and all other amounts payable hereunder. 

SECTION 9.08. Agent in Its Individual Capacity. Each Agent and its affiliates may make loans to, accept deposits from, and generally
engage in any kind of business with any Loan Party as though the Administrative Agent were not the Administrative Agent. With respect to its Term Loans made or renewed by it, each Agent shall have the same rights and powers under this Agreement and
the other Loan Documents as any Lender and may exercise the same as though it were not the Administrative Agent, and the terms “Lender” and “Lenders” shall include each Agent in its individual capacity. 

SECTION 9.09. Successor Agent. The Administrative Agent may resign as Administrative Agent upon ten days’ notice to the Lenders
and the Borrower. If the Administrative Agent resigns as the Administrative Agent under this Agreement and the other Loan Documents, then the Required Lenders shall appoint from among the Lenders a successor agent for the Lenders, which successor
agent shall (unless a Specified Event of Default shall have occurred and be continuing) be subject to approval by the Borrower (which approval shall not be unreasonably withheld or delayed), whereupon such successor agent shall succeed to the
rights, powers and duties of the Administrative Agent, and the reference to the resigning Administrative Agent means such successor agent effective upon such appointment and approval, and the former Administrative Agent’s rights, powers and
duties as Agent shall be terminated, without any other or further act or deed on the part of such former Administrative Agent or any of the parties to this Agreement or any holders of the Term Loans. If no successor shall have been so appointed by
the Required Lenders and shall have accepted such appointment within 10 days after the retiring Administrative Agent gives notice of its resignation, then the retiring Administrative Agent may, on behalf of the Lenders, appoint a successor
Administrative Agent which shall be a bank with an office in New York, New York, or an Affiliate of any such bank. If no successor agent has accepted appointment as Administrative Agent by the date that is ten days following a retiring
Administrative Agent’s notice of resignation, the retiring Administrative Agent’s resignation will nevertheless thereupon become effective, and the Required Lenders will thereafter perform all the duties of such Administrative Agent
hereunder and/or under any other Loan Document until such time, if any, as the Required Lenders appoint a successor Administrative Agent, which shall (unless a Specified Event of Default shall have occurred and be continuing) be subject to approval
by the Borrower (which approval shall not be unreasonably withheld or delayed). After any retiring Administrative Agent’s resignation as Administrative Agent, the provisions of this Section 9.09 shall inure to its benefit as to any actions
taken or omitted to be taken by it while it was Administrative Agent under this Agreement and the other Loan Documents. 
 SECTION 9.10.
Arrangers. The Arrangers will not have any duties, responsibilities or liabilities hereunder in their respective capacity as such. 

SECTION 9.11. Secured Cash Management Agreements and Secured Hedge Agreements. Except as otherwise expressly set forth herein or in any
Guaranty or any Security Document, no Cash Management Bank or a Qualified Counterparty to a Specified Hedge Agreement that obtains the benefits of Section 8.01, any Guaranty or any Collateral by virtue of the provisions hereof or of any
Guaranty or any Security Document shall have any right to notice of any action or to consent to, direct or object to any action hereunder or under any other Loan Document or otherwise in respect of the Collateral (including the release or impairment
of any Collateral) other than in its capacity as a Lender and, in such case, only to the extent expressly provided in the Loan Documents. Notwithstanding any other provision of this Article IX to the contrary, the Administrative Agent shall not be
required to verify the payment of, or that other satisfactory arrangements have been made with respect to, Cash Management Obligations or Obligations arising under Specified Hedge Agreements unless the Administrative Agent has received written
notice of such Cash Management Obligations or such Obligations arising under Specified Hedge Agreements, together with such supporting documentation as the Administrative Agent may request, from the applicable Cash Management Bank or a Qualified
Counterparty to a Specified Hedge Agreement, as the case may be. 

  
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 ARTICLE X 

Miscellaneous 

SECTION 10.01. Notices; Communications. 

(1) Except in the case of notices and other communications expressly permitted to be given by telephone (and except as provided in
Section 10.01(2)), all notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by facsimile or e mail, and all notices
and other communications expressly permitted hereunder to be given by telephone shall be made to the applicable telephone number, in each case, as follows: 

(a) if to any Loan Party or the Administrative Agent, to the address, facsimile number, e mail address or telephone number
specified for such Person on Schedule 10.01; and 
 (b) if to any other Lender, to the address, facsimile number, e
mail address or telephone number specified in its Administrative Questionnaire. 
 (2) Notices and other communications to the Lenders may
be delivered or furnished by electronic communication (including e mail and Internet or intranet websites) pursuant to procedures approved by the Administrative Agent; provided that the foregoing shall not apply to notices to any Lender
pursuant to Article II if such Lender has notified the Administrative Agent that it is incapable of receiving notices under such Article by electronic communication. The Administrative Agent or the Borrower may, in its discretion, agree to accept
notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it; provided that approval of such procedures may be limited to particular notices or communications. 

(3) Notices sent by hand or overnight courier service, or mailed by certified or registered mail, shall be deemed to have been given when
received. Notices sent by facsimile shall be deemed to have been given when sent and confirmation of transmission received (except that, if not given during normal business hours for the recipient, shall be deemed to have been given at the opening
of business on the next Business Day for the recipient). Notices delivered through electronic communications to the extent provided in Section 10.01(2) shall be effective as provided in such Section 10.01(2). 

(4) Any party hereto may change its address, facsimile number or e mail address for notices and other communications hereunder by notice to
the other parties hereto. 
 (5) Documents required to be delivered pursuant to Section 5.04 (to the extent any such documents are
included in materials otherwise filed with the SEC) may be delivered electronically (including as set forth in Section 10.17) and if so delivered, shall be deemed to have been delivered on the date (a) on which the Borrower posts such
documents or provides a link thereto on the Borrower’s website on the Internet at the website address listed on Schedule 10.01 or (b) on which such documents are posted on the Borrower’s behalf on an Internet or intranet
website, if any, to which each Lender and the Administrative Agent have access (whether a commercial, third party website or whether sponsored by the Administrative Agent); provided that the Borrower shall notify the Administrative Agent (by
facsimile or e mail) of the posting of any such documents and provide to the Administrative Agent by electronic mail electronic versions (i.e., soft copies) of such documents; provided, further, that, upon reasonable request by the
Administrative Agent, the Borrower shall also provide a hard copy to the Administrative Agent of any such document; provided, further, that any documents posted for which a link is provided after normal business hours for the recipient shall
be deemed to have been given at the opening of business on the next Business Day for such recipient. The Administrative Agent shall have no obligation to request the delivery or to maintain copies of the documents referred to above, and in any event
shall have no responsibility to monitor compliance by the Loan Parties with any such request for delivery, and each Lender shall be solely responsible for requesting delivery to it or maintaining its copies of such documents. 

SECTION 10.02. Survival of Agreement. All covenants, agreements, representations and warranties made by the Loan Parties herein, in the
other Loan Documents and in the certificates or other instruments prepared 

  
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or delivered in connection with or pursuant to this Agreement or any other Loan Document will be considered to have been relied upon by the Lenders and shall survive the making by the Lenders of
the Term Loans and the execution and delivery of the Loan Documents, regardless of any investigation made by such Persons or on their behalf, and shall continue in full force and effect as long as the principal of or any accrued interest on any Term
Loan or any Fee or any other amount payable under this Agreement or any other Loan Document is outstanding and unpaid and so long as the Commitments have not been terminated. Without prejudice to the survival of any other agreements contained
herein, indemnification and reimbursement obligations contained herein (including pursuant to Sections 2.12, 2.14 and 10.05) shall survive the payment in full of the principal and interest hereunder and the termination of the Commitments or this
Agreement. 
 SECTION 10.03. Binding Effect. This Agreement shall become effective when it has been executed by Holdings, the
Borrower and the Administrative Agent and when the Administrative Agent has received copies hereof which, when taken together, bear the signatures of each of the other parties hereto, and thereafter shall be binding upon and inure to the benefit of
Holdings, the Borrower, the other Loan Parties, each Agent, each Lender and their respective permitted successors and assigns. 
 SECTION
10.04. Successors and Assigns. 
 (1) The provisions of this Agreement shall be binding upon and inure to the benefit of the parties
hereto and their respective successors and assigns permitted hereby, except that (a) the Borrower may not assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of each Lender (and any
attempted assignment or transfer by the Borrower without such consent shall be null and void), and (b) no Lender may assign or otherwise transfer its rights or obligations hereunder except in accordance with this Section 10.04 (and any
attempted assignment, transfer or delegation in contravention with this Section 10.04 shall be null and void). Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their
respective successors and assigns permitted hereby, Participants (to the extent provided in paragraph (4) of this Section 10.04) and, to the extent expressly contemplated hereby, the Related Parties of each of the Agents and the Lenders)
any legal or equitable right, remedy or claim under or by reason of this Agreement or the other Loan Documents. 
 (2) (a) Subject to
the conditions set forth in paragraph (2)(b) of this Section 10.04 (and, with respect to an assignment to Holdings, the Borrower, any Subsidiary or any of their respective Affiliates, subject to the limitations set forth in
Section 10.04(10) or 10.04(14), as applicable), any Lender may assign to one or more assignees (other than a natural person, a Defaulting Lender or a Disqualified Institution) (each such non-excluded Person, an
“Assignee”) all or a portion of its rights and obligations under this Agreement (including all or a portion of the Term Loans at the time owing to it) with the prior written consent
(such consent not to be unreasonably withheld, delayed or conditioned) of: 
 (i) the Borrower; provided that no
consent of the Borrower shall be required for an assignment to a Lender, an Affiliate of a Lender, an Approved Fund or, if a Specified Event of Default has occurred and is continuing, any other Person; provided, further, that such consent
shall be deemed to have been given if the Borrower has not responded within ten Business Days after delivery of a written request therefor by the Administrative Agent; provided, further, that no consent of the Borrower shall be required for
any assignment by either Arranger (or any Affiliate thereof) pursuant to the initial syndication of the Term Loans; and 

(ii) the Administrative Agent; provided that no consent of the Administrative Agent shall be required for an assignment
of all or any portion of a Term Loan to a Lender, an Affiliate of a Lender or an Approved Fund. 
 (b) Assignments shall be subject to the
following additional conditions: 
 (i) except in the case of an assignment to a Lender, an Affiliate of a Lender or an
Approved Fund or an assignment of the entire remaining amount of the assigning Lender’s Term Loans, the amount of the Term Loans of the assigning Lender subject to each such assignment (determined as of the date the Assignment and Acceptance
with respect to such assignment is delivered to the Administrative Agent) shall 

  
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not be less than $1.0 million, unless each of the Borrower and the Administrative Agent otherwise consent; provided that (1) no such consent of the Borrower shall be required if a
Specified Event of Default has occurred and is continuing and (2) such amounts shall be aggregated in respect of each Lender and its Affiliates or Approved Funds (with simultaneous assignments to or by two or more Approved Funds being treated
as one assignment for purposes of meeting the minimum assignment amount requirement), if any; 
 (ii) the assignee or
assigning Lender to each assignment shall execute and deliver to the Administrative Agent an Assignment and Acceptance via an electronic settlement system acceptable to the Administrative Agent (or, if previously agreed with the Administrative
Agent, manually), and shall pay to the Administrative Agent a processing and recordation fee of $3,500 (which fee may be waived or reduced in the sole discretion of the Administrative Agent); 

(iii) the Assignee, if it shall not be a Lender, shall deliver to (x) the Administrative Agent an Administrative
Questionnaire and (y) the Administrative Agent and the Borrower any tax forms required to be delivered pursuant to Section 2.14 and all documentation and other information required by regulatory authorities under applicable “know your
customer” and anti-money laundering rules and regulations, including, without limitation, the USA PATRIOT Act; and 

(iv) the assignor shall deliver to the Administrative Agent any Note issued to it with respect to the assigned Term Loan. 

For the purposes of this Section 10.04, “Approved Fund” means any Person (other than a natural person) that is engaged in making,
purchasing, holding or investing in bank loans and similar extensions of credit in the ordinary course and that is administered or managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity or an Affiliate of an entity
that administers or manages a Lender. 
 (c) Subject to acceptance and recording thereof pursuant to paragraph (2)(e) of this
Section 10.04, from and after the effective date specified in each Assignment and Acceptance, the Assignee thereunder shall be a party hereto and, to the extent of the interest assigned by such Assignment and Acceptance, have the rights and
obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Acceptance, be released from its obligations under this Agreement (and, in the case of an
Assignment and Acceptance covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of Sections 2.12, 2.13, 2.14 and 10.05
with respect to facts and circumstances occurring prior to the effective date of such Assignment and Acceptance). Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this Section 10.04
shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with paragraph (4) of this Section 10.04 to the extent such participation would be permitted by such
Section 10.04(4). 
 (d) The Administrative Agent, acting for this purpose as the Administrative Agent of the Borrower, shall maintain
at one of its offices a copy of each Assignment and Acceptance delivered to it and a register for the recordation of the names and addresses of the Lenders, and the principal amount (and stated interest with respect thereto) of the Term Loans owing
to, each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive absent manifest error, and the Borrower, the Administrative Agent and the Lenders shall treat
each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement. The Register shall be available for inspection by the Borrower and any Lender (solely with respect to such
Lender’s Term Loans) at any reasonable time and from time to time upon reasonable prior notice. 
 (e) Upon its receipt of a duly
completed Assignment and Acceptance executed by an assigning Lender and an Assignee, the Assignee’s completed Administrative Questionnaire (unless the Assignee shall already be a Lender hereunder), all applicable tax forms, any Note outstanding
with respect to the assigned Term Loan, the processing and recordation fee referred to in paragraph (2)(b)(ii) of this Section 10.04 and any written consent to such assignment required by paragraph (2) of this Section 10.04, the
Administrative Agent promptly shall accept such Assignment and Acceptance and record the information contained therein in the Register (the “Recordation Date”). 

  
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 No assignment, whether or not evidenced by a promissory note, shall be effective for purposes of this
Agreement unless it has been recorded in the Register as provided in this paragraph (2)(e). 
 (3) By executing and delivering an Assignment
and Acceptance, the assigning Lender thereunder and the Assignee thereunder shall be deemed to confirm to and agree with each other and the other parties hereto as follows: 

(a) such assigning Lender warrants that it is the legal and beneficial owner of the interest being assigned thereby free and
clear of any adverse claim; 
 (b) except as set forth in clause (a) above, such assigning Lender makes no
representation or warranty and assumes no responsibility with respect to any statements, warranties or representations made in or in connection with this Agreement, or the execution, legality, validity, enforceability, genuineness, sufficiency or
value of this Agreement, any other Loan Document or any other instrument or document furnished pursuant hereto, or the financial condition of Holdings, the Borrower or any Restricted Subsidiary or the performance or observance by Holdings, the
Borrower or any Restricted Subsidiary of any of its obligations under this Agreement, any other Loan Document or any other instrument or document furnished pursuant hereto; 

(c) the Assignee represents and warrants that it is legally authorized to enter into such Assignment and Acceptance; 

(d) the Assignee confirms that it has received a copy of this Agreement, together with copies of the most recent Required
Financial Statements delivered pursuant to Section 5.04, and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into such Assignment and Acceptance; 

(e) the Assignee will independently and without reliance upon the Administrative Agent or the Collateral Agent, such assigning
Lender or any other Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under this Agreement; 

(f) the Assignee appoints and authorizes the Administrative Agent to take such action as agent on its behalf and to exercise
such powers under this Agreement as are delegated to the Administrative Agent by the terms of this Agreement, together with such powers as are reasonably incidental thereto; and 

(g) the Assignee agrees that it will perform in accordance with their terms all the obligations which by the terms of this
Agreement are required to be performed by it as a Lender. 
 (4) (a) Any Lender may, without the consent of the Administrative Agent
or, subject to Section 10.04(8), the Borrower, sell participations to one or more banks or other entities (a “Participant”) in all or a portion of such Lender’s rights and obligations under this Agreement (including
all or a portion of the Term Loans owing to it); provided that 
 (i) such Lender’s obligations under this
Agreement shall remain unchanged; 
 (ii) such Lender shall remain solely responsible to the other parties hereto for the
performance of such obligations; and 
 (iii) the Borrower, the Administrative Agent and the other Lenders shall continue to
deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement. 

(iv) Any agreement pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole
right to enforce this Agreement and the other Loan Documents and to ap-

  
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prove any amendment, modification or waiver of any provision of this Agreement and the other Loan Documents; provided that (A) such agreement may provide that such Lender will not,
without the consent of the Participant, agree to any amendment, modification or waiver that (1) requires the consent of each Lender directly affected thereby pursuant to Section 10.04(1)(a) or clauses (i), (ii), (iii), (iv), (v) or
(vi) of the first proviso to Section 10.08(2) and (2) directly affects such Participant and (B) no other agreement with respect to amendment, modification or waiver may exist between such Lender and such Participant. Subject to
clause (4)(b) of this Section 10.04, the Borrower agrees that each Participant shall be entitled to the benefits of Sections 2.12, 2.13 and 2.14 to the same extent as if it were a Lender and had acquired its interest by assignment pursuant
to paragraph (2) of this Section 10.04, provided that such Participant agrees to be subject to the provisions of Sections 2.16(2) as if it were an assignee pursuant to paragraph (2) of this Section 10.04. Each Lender that
sells a participation agrees, at the Borrower’s request and expense, to use reasonable efforts to cooperate with the Borrower to effectuate the provisions of Section 2.16(2) with respect to any Participant. To the extent permitted by law,
each Participant also shall be entitled to the benefits of Section 10.06 as though it were a Lender; provided that such Participant shall be subject to Section 2.15(3) as though it were a Lender. Each Lender that sells a
participation shall, acting solely for this purpose as a non-fiduciary agent of the Borrower, maintain a register on which it enters the name and address of each Participant and the principal amounts (and stated interest) of each Participant’s
interest in the Term Loans or other obligations under the Loan Documents (the “Participant Register”); provided that no Lender shall have any obligation to disclose all or any portion of the Participant Register
(including the identity of any Participant or any information relating to a Participant’s interest in any commitments, loans, letters of credit or its other obligations under any Loan Document) to any Person except to the extent that such
disclosure is necessary to establish that such commitment, loan, letter of credit or other obligation is in registered form under Section 5f.103 1(c) of the United States Treasury Regulations. The entries in the Participant Register shall be
conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary. For the
avoidance of doubt, the Administrative Agent (in its capacity as Administrative Agent) shall have no responsibility for maintaining a Participant Register. 

(b) A Participant shall not be entitled to receive any greater payment under Section 2.12, 2.13 or 2.14 than the applicable Lender would
have been entitled to receive with respect to the participation sold to such Participant, except to the extent the entitlement to a greater payment results from a Change in Law occurring after the sale of the participation to such Participant. 

(5) Any Lender may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement to secure
obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank and in the case of any Lender that is an Approved Fund, any pledge or assignment to any holders of obligations owed, or securities issued,
by such Lender, including to any trustee for, or any other representative of, such holders, and this Section 10.04 shall not apply to any such pledge or assignment of a security interest; provided that no such pledge or assignment of a
security interest shall release a Lender from any of its obligations hereunder or substitute any such pledgee or Assignee for such Lender as a party hereto. 

(6) The Borrower, upon receipt of written notice from the relevant Lender, agrees to issue Notes to any Lender reasonably requiring Notes to
facilitate transactions of the type described in paragraph (5) of this Section 10.04. 
 (7) If the Borrower wishes to replace the
Term Loans with ones having different terms, it shall have the option, with the consent of the Administrative Agent and subject to at least three Business Days’ advance notice to the Lenders, instead of prepaying the Term Loans to be replaced,
to (a) require the Lenders to assign such Term Loans to the Administrative Agent or its designees and (b) amend the terms thereof in accordance with Section 10.08 (with such replacement, if applicable, being deemed to have been made
pursuant to Section 10.08(4)). Pursuant to any such assignment, all Term Loans to be replaced shall be purchased at par (allocated among the Lenders in the same manner as would be required if such Term Loans were being optionally prepaid, and
for the avoidance of doubt, subject to Section 2.21), accompanied by payment of any accrued interest and fees thereon and any amounts owing pursuant to Section 10.05(2). By receiving such purchase price, the Lenders shall automatically be
deemed to have assigned the Term Loans pursuant to the terms of the form of Assignment and Acceptance attached hereto as 

  
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Exhibit A, and accordingly no other action by such Lenders shall be required in connection therewith. The provisions of this paragraph (7) are intended to facilitate the maintenance
of the perfection and priority of existing security interests in the Collateral during any such replacement. 
 (8) (a) No assignment
or participation shall be made to any Person that was a Disqualified Institution as of the date on which the assigning Lender entered into a binding agreement to sell and assign all or a portion of its rights and obligations under this Agreement to
such Person (unless the Borrower has consented to such assignment in writing in its sole and absolute discretion, in which case such Person will not be considered a Disqualified Institution for the purpose of such assignment or participation). For
the avoidance of doubt, with respect to any Assignee that becomes a Disqualified Institution after the applicable Recordation Date, (x) such Assignee shall not retroactively be disqualified from becoming a Lender and (y) the execution by
the Borrower of an Assignment and Acceptance with respect to such Assignee will not by itself result in such Assignee no longer being considered a Disqualified Institution. Any assignment in violation of this clause (8)(a) shall not be void,
but the other provisions of this clause (8) shall apply. 
 (b) If any assignment or participation is made to any Disqualified
Institution without the Borrower’s prior written consent in violation of clause (a) above, the Borrower may, at its sole expense and effort, upon notice to the applicable Disqualified Institution and the Administrative Agent,
(A) [reserved.], (B) in the case of outstanding Term Loans held by Disqualified Institutions, purchase or prepay such Term Loan by paying the lowest of (x) the principal amount thereof, (y) the amount that such Disqualified
Institution paid to acquire such Term Loans and (z) the market price of such Term Loans (as reasonably determined by the Borrower), in each case plus accrued interest, accrued fees and all other amounts (other than principal amounts) payable to
it hereunder and/or (C) require such Disqualified Institution to assign, without recourse (in accordance with and subject to the restrictions contained in this Section 10.04), all of its interest, rights and obligations under this
Agreement to one or more Assignees at the lowest of (x) the principal amount thereof, (y) the amount that such Disqualified Institution paid to acquire such interests, rights and obligations and (z) the market price of such Term Loans
(as reasonably determined by the Borrower), in each case plus accrued interest, accrued fees and all other amounts (other than principal amounts) payable to it hereunder. 

(c) Notwithstanding anything to the contrary contained in this Agreement, Disqualified Institutions (A) will not (x) have the right
to receive information, reports or other materials provided to Lenders by the Borrower, the Administrative Agent or any other Lender, (y) attend or participate in meetings attended by the Lenders and the Administrative Agent, or (z) access
any electronic site established for the Lenders or confidential communications from counsel to or financial advisors of the Administrative Agent or the Lenders and (B) (x) for purposes of any consent to any amendment, waiver or
modification of, or any action under, and for the purpose of any direction to the Administrative Agent or any Lender to undertake any action (or refrain from taking any action) under this Agreement or any other Loan Document, each Disqualified
Institution will be deemed to have consented in the same proportion as the Lenders that are not Disqualified Institutions consented to such matter, and (y) for purposes of voting on any Plan of Reorganization, each Disqualified Institution
party hereto hereby agrees (1) not to vote on such Plan of Reorganization, (2) if such Disqualified Institution does vote on such Plan of Reorganization notwithstanding the restriction in the foregoing clause (1), such vote will be deemed
not to be in good faith and shall be “designated” pursuant to Section 1126(e) of the Bankruptcy Code (or any similar provision in any other debtor relief laws), and such vote shall not be counted in determining whether the applicable
class has accepted or rejected such Plan of Reorganization in accordance with Section 1126(c) of the Bankruptcy Code (or any similar provision in any other debtor relief laws) and (3) not to contest any request by any party for a
determination by the Bankruptcy Court (or other applicable court of competent jurisdiction) effectuating the foregoing clause (2). 
 (d)
The Administrative Agent shall have the right, and the Borrower hereby expressly authorizes the Administrative Agent, to provide the list of Disqualified Institutions to each Lender or bona fide prospective Lender (as reasonably determined by the
Administrative Agent) requesting the same; provided that the Lenders shall not be restricted from participating their obligations in all or a portion of such Lender’s rights and obligations under this Agreement (including all or a
portion of the Term Loans owing to it) to Disqualified Institutions if the Borrower has not posted the list of Disqualified Institutions to the Platform. 

  
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 (9) Notwithstanding anything to the contrary contained herein, no Non-Debt Fund Affiliate
shall have any right to: 
 (a) attend (including by telephone) any meeting or discussions (or portion thereof) among the
Administrative Agent or any Lender to which representatives of Holdings or the Borrower are not then present; 
 (b) receive
any information or material prepared by the Administrative Agent or any Lender or any communication by or among Administrative Agent and one or more Lenders, except to the extent such information or materials have been made available to the Borrower
or its representatives (and in any case, other than the right to receive notices of prepayments and other administrative notices in respect of its Term Loans required to be delivered to Lenders pursuant to this Agreement); or 

(c) make or bring (or participate in, other than as a passive participant in or recipient of its pro rata benefits of)
any claim, in its capacity as a Lender, against Administrative Agent or any other Lender with respect to any duties or obligations or alleged duties or obligations of such Agent or any other such Lender under the Loan Documents in the absence, with
respect to any such Person, of the gross negligence, bad faith (including a material breach of obligations under the Loan Documents) or willful misconduct by such Person and its Related Parties (as determined by a court of competent jurisdiction by
final and non-appealable judgment). 
 (10) Notwithstanding anything to the contrary contained herein, any Lender may assign all or any
portion of its Term Loans hereunder to any Person who, after giving effect to such assignment, would be an Affiliated Lender; provided that: 

(a) such assignment shall be made pursuant to (i) an open market purchase (including, for the avoidance of doubt, any
purchase made during the initial syndication of the Term Loans) on a non-pro rata basis or (ii) a Dutch Auction open to all Lenders of the applicable Class on a pro rata basis; 

(b) in the case of an assignment to a Non-Debt Fund Affiliate, the assigning Lender and such Non-Debt Fund Affiliate purchasing
such Lender’s Term Loans shall execute and deliver to the Administrative Agent an assignment agreement substantially in the form of Exhibit E (a “Non-Debt Fund Affiliate Assignment and Acceptance”) in lieu of an
Assignment and Acceptance; 
 (c) in the case of an assignment to a Non-Debt Fund Affiliate, at the time of such assignment
and after giving effect to such assignment, Non-Debt Fund Affiliates shall not, in the aggregate, hold Term Loans (and participating interests in Term Loans) with an aggregate principal amount in excess of 30.0% of the principal amount of all Term
Loans (including, for the avoidance of doubt, any Incremental Term Loans, Other Term Loans or Extended Term Loans, if any) then outstanding; 

(d) in the case of an assignment to a Non-Debt Fund Affiliate, each Non-Debt Fund Affiliate shall at the time of such
assignment of such Term Loans held by it, either (i) make a No MNPI Representation or (ii) if it is not able to make the No MNPI Representation, inform the assignor and the assignor will deliver to such Non-Debt Fund Affiliate customary
written assurance that it is a sophisticated investors and is willing to proceed with the assignment; and 
 (e) in the case
of an assignment to a Non-Debt Fund Affiliate, if such Non-Debt Fund Affiliate subsequently assigns the Term Loans acquired by it in accordance with this Section 10.04(10), such Non-Debt Fund Affiliate shall at the time of such assignment of
such Term Loans held by it, either (i) affirm the No MNPI Representation or (ii) if it is not able to affirm the No MNPI Representation, inform the assignee and the assignee will deliver to such Non-Debt Fund Affiliate customary written
assurance that it is a sophisticated investors and is willing to proceed with the assignment. 
 (11) To the extent not previously disclosed
to the Administrative Agent, the Borrower shall, upon reasonable request of the Administrative Agent (but not more frequently than once per calendar quarter), report to the 

  
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Administrative Agent the amount and Class of Term Loans held by Non-Debt Fund Affiliates and the identity of such holders. Notwithstanding the foregoing, any Affiliated Lender shall be permitted
to contribute any Term Loan so assigned to such Affiliated Lender pursuant to this Section 10.04(11) to Holdings or any of the Restricted Subsidiaries for purposes of cancellation, which contribution may be made, subject to Section 6.07,
in exchange for Equity Interests (other than Disqualified Stock) of any Parent Entity or Indebtedness of the Borrower to the extent such Indebtedness is permitted to be incurred pursuant to Section 6.01 at such time; provided that any
Term Loans so contributed shall be automatically and permanently canceled upon the effectiveness of such contribution and will thereafter no longer be outstanding for any purpose hereunder. 

(12) Notwithstanding anything in Section 10.04 or the definition of “Required Lenders” to the contrary, for purposes of
determining whether the Required Lenders, all affected Lenders or all Lenders have: 
 (a) consented (or not consented) to
any amendment, modification, waiver, consent or other action with respect to any of the terms of any Loan Document or any departure by any Loan Party therefrom; 

(b) otherwise acted on any matter related to any Loan Document; or 

(c) directed or required the Administrative Agent or any Lender to undertake any action (or refrain from taking any action)
with respect to or under any Loan Document (collectively, “Required Lender Consent Items”): 
 (i) a
Non-Debt Fund Affiliate shall be deemed to have voted its interest as a Lender in the same proportion as the allocation of voting with respect to such matter by Lenders who are not Non-Debt Fund Affiliates, unless such Required Lender Consent Item
requires the consent of each Lender or each affected Lender or the result of such Required Lender Consent Item would reasonably be expected to deprive such Non-Debt Fund Affiliate of its pro rata share (compared to Lenders which are not
Non-Debt Fund Affiliates) of any payments to which such Non-Debt Fund Affiliate is entitled under the Loan Documents without such Non-Debt Fund Affiliate providing its consent or such Non-Debt Fund Affiliate is otherwise adversely affected thereby
compared to Lenders which are not Non-Debt Fund Affiliates (in which case for purposes of such vote such Non-Debt Fund Affiliate shall have the same voting rights as other Lenders which are not Non-Debt Fund Affiliates); and 

(ii) Term Loans held by Debt Fund Affiliates may not account for more than 49.9% of the Term Loans of consenting Lenders
included in determining whether the Required Lenders have consented to any action pursuant to Section 10.04. 
 (13) Additionally, the
Loan Parties and each Non-Debt Fund Affiliate hereby agree that, and each Non-Debt Fund Affiliate Assignment and Acceptance by a Non-Debt Fund Affiliate shall provide a confirmation that, if a case under Title 11 of the United States Code is
commenced against any Loan Party, such Loan Party shall seek (and each Non-Debt Fund Affiliate shall consent) to provide that the vote of any Non-Debt Fund Affiliate (in its capacity as a Lender) with respect to any plan of reorganization of such
Loan Party shall not be counted except that such Non-Debt Fund Affiliate’s vote (in its capacity as a Lender) may be counted to the extent any such plan of reorganization proposes to treat the Obligations or claims held by such Non-Debt Fund
Affiliate in a manner that is less favorable to such Non-Debt Fund Affiliate than the proposed treatment of the Term Loans or claims held by Lenders that are not Affiliates of the Borrower. 

(14) Notwithstanding anything to the contrary contained in this Agreement, any Lender may assign all or a portion of its Term Loans to any
Purchasing Borrower Party; provided that: 
 (a) the assigning Lender and the Purchasing Borrower Party purchasing
such Lender’s Term Loans, as applicable, shall execute and deliver to the Administrative Agent a Non-Debt Fund Affiliate Assignment and Acceptance in lieu of an Assignment and Acceptance; 

  
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 (b) such assignment shall be made pursuant to (i) an open market
purchase on a non-pro rata basis or (ii) a Dutch Auction open to all Lenders of the applicable Class on a pro rata basis; 

(c) any Term Loans assigned to any Purchasing Borrower Party shall be automatically and permanently cancelled upon the
effectiveness of such assignment and will thereafter no longer be outstanding for any purpose hereunder; 
 (d) at the time
of and immediately after giving effect to any such purchase, no Event of Default shall exist; 
 (e) the applicable
Purchasing Borrower Party shall at each of the time of its execution of a written trade confirmation in respect of, and at the time of consummation of, such assignment, either (i) make a No MNPI Representation or (ii) if it is not able to
make the No MNPI Representation, inform the assignor and the assignor will deliver to such Non-Debt Fund Affiliate customary written assurance that it is a sophisticated investors and is willing to proceed with the assignment; 

(f) the aggregate outstanding principal amount of the Term Loans of the applicable Class shall be deemed reduced by the full
par value of the aggregate principal amount of the Term Loans purchased pursuant to this Section 10.04(14) and each principal repayment installment with respect to the Term Loans of such Class shall be reduced pro rata by the aggregate
principal amount of Term Loans purchased; and 
 (g) no proceeds from revolving loans under the ABL Credit Agreement shall be
used to fund any such purchases. 
 SECTION 10.05. Expenses; Indemnity. 

(1) If the Transactions are consummated and the Closing Date occurs, the Borrower agrees to pay all reasonable, documented and invoiced
out-of-pocket expenses incurred by the Administrative Agent and the Arrangers in connection with the preparation of this Agreement and the other Loan Documents, or by the Administrative Agent (and, in the case of enforcement of this Agreement, each
Lender) in connection with the syndication of the Term Facility, preparation, execution and delivery, amendment, modification, waiver or enforcement of this Agreement (including expenses incurred in connection with due diligence (including third
party expenses) and initial and ongoing Collateral examination to the extent incurred with the reasonable prior approval of the Borrower or provided for in this Agreement) or in connection with the administration of this Agreement and any
amendments, modifications or waivers of the provisions hereof or thereof, including the reasonable, documented and invoiced fees, charges and disbursements of a single counsel for the Administrative Agent and the Arrangers, one firm of local counsel
in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) and, in the case of any actual or perceived conflict of interest, one additional firm of counsel for the Administrative Agent and the
Arrangers and, in the case of enforcement of this Agreement, the Lenders. 
 (2) The Borrower agrees to indemnify the Administrative Agent,
each Arranger, each Lender, each of their respective Affiliates and each of their respective directors, officers, employees, agents, advisors, controlling Persons, equityholders, partners, members and other representatives and each of their
respective successors and permitted assigns (each such Person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and reasonable, documented and
invoiced out-of-pocket fees and expenses (limited to reasonable and documented legal fees of a single firm of counsel for all Indemnitees, taken as a whole, and, if necessary, one firm of counsel in each appropriate jurisdiction (which may include a
single special counsel acting in multiple jurisdictions) for all Indemnitees taken as a whole (and, in the case of an actual or perceived conflict of interest, where the Indemnitee affected by such conflict informs the Borrower of such conflict and
thereafter retains its own counsel, of an additional counsel for each group of affected Indemnitees similarly situated, taken as a whole)), incurred by or asserted against any Indemnitee arising out of, in any way connected with, or as a result of:

  
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 (a) the execution or delivery of this Agreement or any other Loan Document,
the performance by the parties hereto and thereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated hereby; 

(b) the use of the proceeds of the Term Loans; or 

(c) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a
party thereto and regardless of whether such matter is initiated by a third party or by Holdings, the Borrower or any of their Restricted Subsidiaries or Affiliates or creditors; 

provided that no Indemnitee will be indemnified for any loss, claim, damage, liability, cost or expense to the extent it (i) has been determined
by a final, non-appealable judgment of a court of competent jurisdiction to have resulted from (A) the gross negligence, bad faith or willful misconduct of such Indemnitee or any of its Related Parties or (B) a material breach of the
obligations of such Indemnitee under the Loan Documents or (ii) relates to any proceeding between or among Indemnitees other than (A) claims against the Administrative Agent or any Arranger or their respective Affiliates, in each case, in
their capacity or in fulfilling their role as the agent or arranger, syndication agent or documentation agent or any other similar role under the Term Facility (excluding their role as a Lender) to the extent such Persons are otherwise entitled to
receive indemnification under this paragraph (2) or (B) claims arising out of any act or omission on the part of Holdings, the Borrower or their Affiliates. 

(3) Subject to and without limiting the generality of the foregoing sentence, the Borrower agrees to indemnify each Indemnitee against, and
hold each Indemnitee harmless from, any and all losses claims, damages, liabilities and related expenses, including reasonable, documented and invoiced fees, charges and disbursements of one firm of counsel for all Indemnitees, taken as a whole,
and, if necessary, one firm of counsel in each appropriate jurisdiction (which may include a single special counsel in multiple jurisdictions) for all Indemnitees taken as a whole (and, in the case of an actual or perceived conflict of interest, an
additional counsel for all Indemnitees taken as a whole) and reasonable, documented and invoiced consultant fees, in each case, incurred by or asserted against any Indemnitee arising out of, in any way connected with, or as a result of any claim
related in any way to Environmental Laws and the Borrower or any of the Restricted Subsidiaries, or any actual or alleged presence, Release or threatened Release of Hazardous Materials at, under, on or from any property for which the Borrower or any
Restricted Subsidiaries would reasonably be expected to be held liable under Environmental Laws; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or
related expenses are determined by a final, non-appealable judgment of a court of competent jurisdiction to have resulted from the gross negligence, bad faith or willful misconduct of such Indemnitee or any of its Related Parties. 

(4) Any indemnification or payments required by the Loan Parties under this Section 10.05 shall not apply with respect to (a) Taxes
other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim or (b) Taxes that are duplicative of any indemnification or payments required by the Loan Parties under Section 2.14. 

(5) To the fullest extent permitted by applicable law, Holdings and the Borrower shall not assert, and hereby waive, any claim against any
Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement, any other Loan Document or any agreement
or instrument contemplated hereby, the transactions contemplated hereby or thereby, any Term Loan or the use of the proceeds thereof. No Indemnitee shall be liable for any damages arising from the use by unintended recipients of any information or
other materials distributed by it through telecommunications, electronic or other information transmission systems in connection with this Agreement or the other Loan Documents or the transactions contemplated hereby or thereby. 

(6) The agreements in this Section 10.05 shall survive the resignation of the Administrative Agent, the replacement of any Lender, the
termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations and the termination of this Agreement. All amounts due under this Section 10.05 shall be payable on written demand therefor accompanied by
reasonable documentation with respect to any reimbursement, indemnification or other amount requested. 

  
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 SECTION 10.06. Right of Set-off. If an Event of Default shall have occurred and be
continuing, each Lender is hereby authorized at any time and from time to time, to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand, provisional or final) at any time held and other
Indebtedness at any time owing by such Lender to or for the credit or the account of Holdings or any Subsidiary Loan Party against any of and all the Obligations of Holdings or any Subsidiary Loan Party now or hereafter existing under this Agreement
or any other Loan Document held by such Lender, irrespective of whether or not such Lender shall have made any demand under this Agreement or such other Loan Document and although the Obligations may be unmatured. The rights of each Lender under
this Section 10.06 are in addition to other rights and remedies (including other rights of set-off) that such Lender may be exercised only at the direction of the Administrative Agent or the Required Lenders. 

SECTION 10.07. Applicable Law. THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS (OTHER THAN AS EXPRESSLY SET FORTH IN THE OTHER LOAN
DOCUMENTS) AND ANY CLAIM, CONTROVERSY, DISPUTE OR CAUSE OF ACTION (WHETHER IN CONTRACT OR TORT OR OTHERWISE) BASED UPON, ARISING OUT OF OR RELATING TO THIS AGREEMENT, THE OTHER LOAN DOCUMENTS AND THE TRANSACTIONS CONTEMPLATED HEREBY AND THEREBY
SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAW OF THE STATE OF NEW YORK. 
 SECTION 10.08. Waivers; Amendment. 

(1) No failure or delay of the Administrative Agent or any Lender in exercising any right or power hereunder or under any Loan Document shall
operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or further exercise thereof or the exercise of any
other right or power. The rights and remedies of each Agent and the Lenders hereunder and under the other Loan Documents are cumulative and are not exclusive of any rights or remedies that they would otherwise have. No waiver of any provision of
this Agreement or any other Loan Document or consent to any departure by Holdings, the Borrower or any other Loan Party therefrom shall in any event be effective unless the same shall be permitted by paragraph (2) of this Section 10.08,
and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given. No notice or demand on Holdings, the Borrower or any other Loan Party in any case shall entitle such Person to any other or further
notice or demand in similar or other circumstances. 
 (2) Neither this Agreement nor any other Loan Document nor any provision hereof or
thereof may be waived, amended or modified except 
 (a) as provided in Sections 2.18, 2.19 and 2.20; 

(b) in the case of this Agreement, pursuant to an agreement or agreements in writing entered into by Holdings, the Borrower and
the Required Lenders and acknowledged by the Administrative Agent; and 
 (c) in the case of any other Loan Document, as set
forth in such Loan Document or, if not set forth therein, pursuant to an agreement or agreements in writing entered into by each party thereto and the Administrative Agent; 

provided, however, that except as provided in Section 2.18, 2.19 and 2.20, no such agreement shall: 

(i) decrease, forgive, waive or excuse the principal amount of, or any interest on, or extend the final maturity of, or
decrease the rate of interest on, any Term Loan beyond the Maturity Date, without the prior written consent of each Lender directly affected thereby (it being understood that waivers or modifications of conditions precedent, covenants, Defaults or
Events of Default shall not constitute an increase of the Commitments of any Lender); 
 (ii) increase or extend the
Commitment of any Lender or decrease, forgive, waive or excuse the fees of any Agent without the prior written consent of such Lender or Agent (it being 

  
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understood that waivers or modifications of conditions precedent, covenants, Defaults or Events of Default shall not constitute an increase of the Commitments of any Lender); 

(iii) extend or waive any Term Loan Installment Date or reduce the amount due on any Term Loan Installment Date or extend any
date on which payment of principal or interest on any Term Loan or any Fee is due, without the prior written consent of each Lender adversely affected thereby (it being understood that waivers or modifications of conditions precedent, covenants,
Defaults or Events of Default shall not constitute an increase of the Commitments of any Lender); 
 (iv) amend the
provisions of Section 2.15(2) or (3) of this Agreement, Section 5.02 of the Security Agreement, Section 4.3 of the Intercreditor Agreement or any analogous provision of any other Loan Document, in a manner that would by its terms
alter the pro rata sharing of payments required thereby, without the prior written consent of each Lender adversely affected thereby; 

(v) amend or modify the provisions of this Section 10.08 or the definition of the term “Required Lenders” or any
other provision hereof specifying the number or percentage of Lenders required to waive, amend or modify any rights hereunder or make any determination or grant any consent hereunder, without the prior written consent of each Lender (it being
understood that, with the consent of the Required Lenders, additional extensions of credit pursuant to this Agreement may be included in the determination of the Required Lenders on substantially the same basis as the Term Loans are included on the
Closing Date); or 
 (vi) release all or substantially all of the Collateral (or subordinate the Liens in favor of the
Administrative Agent on all or substantially all of the Collateral including by altering the definition of “Term Priority Collateral” in the Intercreditor Agreement), unless pursuant to a transaction permitted by this Agreement, or release
any of Holdings, the Borrower or any of the other Subsidiary Loan Parties from their respective Guarantees under the Guaranty Agreement, unless, in the case of a Subsidiary Loan Party (other than the Borrower), all or substantially all the Equity
Interests of such Subsidiary Loan Party is sold or otherwise disposed of in a transaction permitted by this Agreement, without the prior written consent of each Lender; 

provided that no such agreement shall amend, modify or otherwise affect the rights or duties of the Administrative Agent hereunder without the prior
written consent of the Administrative Agent acting as such at the effective date of such agreement, as applicable. Each Lender shall be bound by any waiver, amendment or modification authorized by this Section 10.08 and any consent by any
Lender pursuant to this Section 10.08 shall bind any assignee of such Lender. 
  

(3) Without the consent of the Administrative Agent or any Lender, the Loan Parties and the Administrative Agent may (in their
respective sole discretion, or shall, to the extent required by any Loan Document) enter into any amendment, modification or waiver of any Loan Document, or enter into any new agreement or instrument, to effect the granting, perfection, protection,
expansion or enhancement of any security interest in any Collateral or additional property to become Collateral for the benefit of the Secured Parties, or as required by local law to give effect to, or protect any security interest for the benefit
of the Secured Parties, in any property or so that the security interests therein comply with applicable law. 
 (4) This
Agreement may be amended (or amended and restated) with the written consent of the Required Lenders, the Administrative Agent, Holdings and the Borrower (i) to add one or more additional credit facilities to this Agreement and to permit the
extensions of credit from time to time outstanding thereunder and the accrued interest and fees in respect thereof to share ratably in the benefits of this Agreement and the other Loan Documents with the Term Loans and the accrued interest and fees
in respect thereof and (ii) to include appropriately the Lenders holding such credit facilities in any determination of the Required Lenders. 

(5) Notwithstanding anything in this Agreement or any other Loan Document to the contrary, the Borrower may enter into
Incremental Facility Amendments in accordance with Section 2.18, Refinancing Amendments 

  
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in accordance with Section 2.19, Extension Amendments in accordance with Section 2.20 and Refinancing Amendments, and such Incremental Facility Amendments, Extension Amendments and
Refinancing Amendments shall be effective to amend the terms of this Agreement and the other applicable Loan Documents, in each case, without any further action or consent of any other party to any Loan Document. 

(6) Notwithstanding the foregoing, any amendment or waiver that by its terms affects the rights or duties of Lenders holding Term Loans or
Commitments of a particular Class (but not the rights or duties of Lenders holdings Term Loans or Commitments of any other Class) will require only the requisite percentage in interest of the affected Class of Lenders that would be required to
consent thereto if such Class of Lenders were the only Class of Lenders. 
 (7) Notwithstanding the foregoing, technical and conforming
modifications to the Loan Documents may be made with the consent of the Borrower and the Administrative Agent to the extent necessary to integrate any Incremental Facilities on substantially the same basis as the Term Loans, as applicable. 

Notwithstanding the foregoing, the Administrative Agent, with the consent of the Borrower, may amend, modify or supplement any Loan Document
without the consent of any Lender or the Required Lenders in order to correct, amend or cure any ambiguity, inconsistency or defect or correct any typographical error or other manifest error in any Loan Document, and such amendment, modification or
supplement shall become effective without any further action or consent of any other party to any Loan Document if the same is not objected to in writing by the Required Lenders within five Business Days following receipt of notice thereof. 

SECTION 10.09. Interest Rate Limitation. Notwithstanding anything herein to the contrary, if at any time the applicable interest rate,
together with all fees and charges that are treated as interest under applicable law (collectively, the “Charges”), as provided for herein or in any other document executed in connection herewith, or otherwise contracted for,
charged, received, taken or reserved by any Lender, shall exceed the maximum lawful rate (the “Maximum Rate”) that may be contracted for, charged, taken, received or reserved by such Lender in accordance with applicable law,
the rate of interest payable hereunder, together with all Charges payable to such Lender, shall be limited to the Maximum Rate; provided that such excess amount shall be paid to such Lender on subsequent payment dates to the extent not
exceeding the legal limitation. In no event will the total interest received by any Lender exceed the amount which it could lawfully have received and any such excess amount received by any Lender will be applied to reduce the principal balance of
the Term Loans or to other amounts (other than interest) payable hereunder to such Lender, and if no such principal or other amounts are then outstanding, such excess or part thereof remaining will be paid to the Borrower. 

SECTION 10.10. Entire Agreement. This Agreement, the other Loan Documents and the agreements regarding certain Fees referred to herein
constitute the entire contract between the parties relative to the subject matter hereof. Any previous agreement among or representations from the parties or their Affiliates with respect to the subject matter hereof is superseded by this Agreement
and the other Loan Documents. Nothing in this Agreement or in the other Loan Documents, expressed or implied, is intended to confer upon any party other than the parties hereto and thereto any rights, remedies, obligations or liabilities under or by
reason of this Agreement or the other Loan Documents. 
 SECTION 10.11. WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE
FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT OR ANY OF THE OTHER LOAN DOCUMENTS. EACH PARTY HERETO
(A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT
IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS, AS APPLICABLE, BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 10.11. 

SECTION 10.12. Severability. In the event any one or more of the provisions contained in this Agreement or in any other Loan Document
should be held invalid, illegal or unenforceable in any respect, the validity, 

  
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legality and enforceability of the remaining provisions contained herein and therein shall not in any way be affected or impaired thereby. The parties shall endeavor in good faith negotiations to
replace the invalid, illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 

SECTION 10.13. Counterparts. This Agreement may be executed in two or more counterparts, each of which shall constitute an original but
all of which, when taken together, shall constitute but one contract, and shall become effective as provided in Section 10.03. Delivery of an executed counterpart to this Agreement by facsimile or other electronic transmission (e.g.,
“pdf” or “tiff”) shall be as effective as delivery of a manually signed original. 
 SECTION 10.14. Headings.
Article and Section headings and the Table of Contents used herein are for convenience of reference only, are not part of this Agreement and are not to affect the construction of, or to be taken into consideration in interpreting, this Agreement.

 SECTION 10.15. Jurisdiction; Consent to Service of Process. 

(1) Each of the parties hereto hereby irrevocably and unconditionally submits, for itself and its property, to the exclusive jurisdiction of
any New York State court or federal court of the United States of America sitting in New York County, Borough of Manhattan and any appellate court from any thereof (collectively, “New York Courts”), in any action or
proceeding arising out of or relating to this Agreement or the other Loan Documents, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any
such action or proceeding shall be heard and determined in such New York State court or, to the extent permitted by law, in such federal court. Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be
conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Agreement shall affect any right that any party may otherwise have to bring any action or proceeding relating to
this Agreement or any of the other Loan Documents in the courts of any jurisdiction, except that each of the Loan Parties agrees that (a) it will not bring any such action or proceeding in any court other than New York Courts (it being
acknowledged and agreed by the parties hereto that any other forum would be inconvenient and inappropriate in view of the fact that more of the Lenders who would be affected by any such action or proceeding have contacts with the State of New York
than any other jurisdiction), and (b) in any such action or proceeding brought against any Loan Party in any other court, it will not assert any cross-claim, counterclaim or setoff, or seek any other affirmative relief, except to the extent
that the failure to assert the same will preclude such Loan Party from asserting or seeking the same in the New York Courts. 
 (2) Each of
the parties hereto hereby irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any objection which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or
relating to this Agreement or the other Loan Documents in any New York State or federal court. Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of
such action or proceeding in any such court. 
 SECTION 10.16. Confidentiality. Each of the Lenders and each of the Agents agrees
(and agrees to cause each of its Affiliates) to use all information provided to it by or on behalf of Holdings, the Borrower or its Restricted Subsidiaries under the Loan Documents or otherwise in connection with the Transactions solely for the
purposes of the transactions contemplated by this Agreement and the other Loan Documents and shall not publish, disclose or otherwise divulge such information, other than information that: 

(1) has become generally available to the public other than as a result of a disclosure by such party; 

(2) has been independently developed by such Lender or the Administrative Agent without violating this Section 10.16; or

 (3) was available to such Lender or the Administrative Agent from a third party having, to such Person’s knowledge,
no obligations of confidentiality to Holdings, the Borrower or any other Loan Party); 

  
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 (4) and shall not reveal the same other than to its directors, trustees,
officers, employees and advisors with a need to know or to any Person that approves or administers the Term Loans on behalf of such Lender or any numbering, administration or settlement service providers (so long as each such Person shall have been
instructed to keep the same confidential in accordance with this Section 10.16), except: 
 (a) to the extent necessary
to comply with law or any legal process or the requirements of any Governmental Authority, the National Association of Insurance Commissioners or of any securities exchange on which securities of the disclosing party or any Affiliate of the
disclosing party are listed or traded, in which case such Person agrees, to the extent practicable and not prohibited by applicable law, to inform the Borrower promptly thereof prior to disclosure; 

(b) as part of normal reporting or review procedures to, or examinations by, Governmental Authorities or any bank accountants
or bank regulatory authority exercising examination or regulatory authority, in which case (except with respect to any audit or examination conducted by any such bank accountant or bank regulatory authority) such Person agrees, to the extent
practicable and not prohibited by applicable law, to inform the Borrower promptly thereof prior to disclosure; 
 (c) to its
parent companies, Affiliates or auditors (so long as each such Person shall have been instructed to keep the same confidential in accordance with this Section 10.16); 

(d) in order to enforce its rights under any Loan Document in a legal proceeding; 

(e) to any pledgee or assignee under Section 10.04(5) or any other prospective or actual Assignee of, or prospective or
actual Participant in, any of its rights under this Agreement (so long as such Person shall have been instructed to keep the same confidential in accordance with this Section 10.16); and 

(f) to any direct or indirect contractual counterparty in Hedge Agreements or such contractual counterparty’s professional
advisor (so long as such contractual counterparty or professional advisor to such contractual counterparty agrees to be bound by the provisions of this Section 10.16). 

(g) Notwithstanding the foregoing, no such information (other than the fact that such Disqualified Institution is a
Disqualified Institution) shall be disclosed to a Disqualified Institution that constitutes a Disqualified Institution at the time of such disclosure without the Borrower’s prior written consent (such consent not to be unreasonably withheld,
delayed or conditioned). 
 SECTION 10.17. Platform; Borrower Materials. The Borrower hereby acknowledges that (1) the
Administrative Agent or the Arrangers will make available to the Lenders materials or information provided by or on behalf of the Borrower hereunder (collectively, “Borrower Materials”) by posting the Borrower Materials on
Intra-Links or another similar electronic system (the “Platform”), and (2) certain of the Lenders may be “public-side” Lenders (i.e., Lenders that do not wish to receive material non-public information with
respect to the Borrower or its securities) (each, a “Public Lender”). The Borrower hereby agrees that it will use commercially reasonable efforts to identify that portion of the Borrower Materials that may be distributed to
the Public Lenders and that 
 (a) all the Borrower Materials shall be clearly and conspicuously marked “PUBLIC”
which, at a minimum, means that the word “PUBLIC” shall appear prominently on the first page thereof; 

(b) by marking Borrower Materials “PUBLIC,” the Borrower shall be deemed to have authorized the Administrative Agent,
the Arrangers and the Lenders to treat the Borrower Materials as either publicly available information or not material information (although it may be sensitive and proprietary) with respect to the Borrower or its securities for purposes of United
States Federal and state securities laws; 

  
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 (c) all Borrower Materials marked “PUBLIC” are permitted to be
made available through a portion of the Platform designated “Public Investor”; and 
 (d) the Administrative Agent
and the Arrangers shall be entitled to treat the Borrower Materials that are not marked “PUBLIC” as being suitable only for posting on a portion of the Platform not designated “Public Investor.” 

Notwithstanding the foregoing, the following Borrower Materials shall be deemed to be marked “PUBLIC” unless the Borrower notifies
the Administrative Agent that any such document contains MNPI: (1) the Loan Documents, (2) any notification of changes in the terms of the Term Loans, (3) any notification of the identity of Disqualified Institutions and (4) all
information delivered pursuant to clauses (1), (2) and (3) of Section 5.04. 
 SECTION 10.18. Release of Liens and
Guarantees. In the event that any Loan Party conveys, sells, leases, assigns, transfers or otherwise disposes of all or any portion of any of the Equity Interests or assets of any Loan Party (other than Equity Interests of the Borrower) to a
Person that is not (and is not required to become) a Loan Party in a transaction not prohibited by the Loan Documents, at the request of the Borrower, any Liens created by any Loan Document in respect of such Equity Interests or assets shall be
automatically released and the Administrative Agent shall promptly (and the Lenders hereby authorize the Administrative Agent to) take such action and execute any such documents as may be reasonably requested by Holdings or the Borrower and at the
Borrower’s expense in connection with such release of any Liens created by any Loan Document in respect of such Equity Interests or assets, and, in the case of a disposition of the Equity Interests of any Subsidiary Loan Party (other than the
Borrower) in a transaction permitted by the Loan Documents (including through merger, consolidation, amalgamation or otherwise) and as a result of which such Subsidiary Loan Party would cease to be a Restricted Subsidiary, such Subsidiary Loan
Party’s obligations under each of the Security Agreement and Guaranty Agreement shall be automatically terminated and the Administrative Agent shall promptly (and the Lenders hereby authorize the Administrative Agent to) and at the
Borrower’s expense take such action and execute any such documents as may be reasonably requested by Holdings or the Borrower to terminate such Subsidiary Loan Party’s obligations under each of the Security Agreement and Guaranty
Agreement. In addition, the Administrative Agent agrees to take such actions as are reasonably requested by Holdings or the Borrower and at the Borrower’s expense to terminate the Liens and security interests created by the Loan Documents when
all the Obligations (other than Obligations in respect of (i) Specified Hedge Agreements and Cash Management Obligations that are not then due and payable and (ii) contingent indemnification and reimbursement obligations that are not yet
due and payable and for which no claim has been asserted) are paid in full and the Commitments are terminated. 
 SECTION 10.19. USA
PATRIOT Act Notice. Each Lender that is subject to the USA PATRIOT Act and the Administrative Agent (for itself and not on behalf of any Lender) hereby notifies the Borrower that pursuant to the requirements of the USA PATRIOT Act, it is
required to obtain, verify and record information that identifies each Loan Party, which information includes the name and address of each Loan Party and other information that will allow such Lender or the Administrative Agent, as applicable, to
identify each Loan Party in accordance with the USA PATRIOT Act. 
 SECTION 10.20. Security Documents and Intercreditor Agreement.

 (a) The parties hereto acknowledge and agree that any provision of any Loan Document to the contrary notwithstanding, prior to the
discharge in full of all ABL Claims, the Loan Parties shall not be required to act or refrain from acting under any Security Document with respect to the ABL Priority Collateral in any manner that would result in a “Default” or “Event
of Default” (as defined in any ABL Loan Document) under the terms and provisions of the ABL Loan Documents. Each Lender hereunder: 

(1) consents to the subordination of Liens provided for in the Intercreditor Agreement; 

(2) agrees that it will be bound by and will take no actions contrary to the provisions of the Intercreditor Agreement; and

  
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 (3) authorizes and instructs the Administrative Agent to enter into the
Intercreditor Agreement as on behalf of such Lender. 
 The foregoing provisions are intended as an inducement to the lenders under the ABL Credit Agreement
to extend credit and such lenders are intended third party beneficiaries of such provisions and the provisions of the Intercreditor Agreement. 

(b) The parties hereto authorize the Administrative Agent to enter into any First Lien Intercreditor Agreement, Junior Lien Intercreditor
Agreement or Intercreditor Agreement each in the form attached hereto or in such other form as may be satisfactory to the Administrative Agent. The Administrative Agent may from time to time enter into a modification of the Intercreditor Agreement,
any First Lien Intercreditor Agreement or any Junior Lien Intercreditor Agreement, as the case may be, so long as the Administrative Agent reasonably determines that such modification is consistent with the terms of this Agreement. 

SECTION 10.21. No Advisory or Fiduciary Responsibility. In connection with all aspects of each transaction contemplated hereby
(including in connection with any amendment, waiver or other modification hereof or of any other Loan Document), each of Holdings and the Borrower acknowledge and agree that: (1) (a) the arranging and other services regarding this
Agreement provided by the Agents and the Arrangers are arm’s-length commercial transactions between Holdings and the Borrower, on the one hand, and the Agents and the Arrangers, on the other hand; (b) the Borrower and Holdings have
consulted their own legal, accounting, regulatory and tax advisors to the extent they deemed appropriate; and (c) the Borrower and Holdings are capable of evaluating, and understands and accepts, the terms, risks and conditions of the
transactions contemplated hereby and by the other Loan Documents; (2) (a) each Agent and each Arranger each is and has been acting solely as a principal and, except as expressly agreed in writing by the relevant parties, has not been, is
not, and will not be acting as an advisor, agent or fiduciary for the Borrower, Holdings or any other Person and (b) none of the Agents or Arrangers has any obligation to the Borrower, Holdings or any of their Affiliates with respect to the
transactions contemplated hereby except those obligations expressly set forth herein and in the other Loan Documents; and (3) the Agents, each Arranger and their respective Affiliates may be engaged in a broad range of transactions that involve
interests that differ from those of the Borrower, Holdings and their respective Affiliates, and none of the Agents or any Arranger has any obligation to disclose any of such interests to the Borrower, Holdings or any of their respective Affiliates.
To the fullest extent permitted by law, each of the Borrower and Holdings hereby waives and releases any claims that it may have against the Agents and the Arrangers with respect to any breach or alleged breach of agency or fiduciary duty in
connection with any aspect of any transaction contemplated hereby. 
 SECTION 10.22. Cashless Settlement. Notwithstanding anything to
the contrary contained in this Agreement, any Lender may exchange, continue or rollover all or a portion of its Term Loans in connection with any refinancing, extension, loan modification or similar transaction permitted by the terms of this
Agreement, pursuant to a cashless settlement mechanism approved by the Borrower, the Administrative Agent and such Lender. 
 SECTION 10.23.
Acknowledgement and Consent to Bail-In of EEA Financial Institutions. Notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges
that any liability of any EEA Financial Institution arising under any Loan Document, to the extent such liability is unsecured, may be subject to the write-down and conversion powers of an EEA Resolution Authority and agrees and consents to, and
acknowledges and agrees to be bound by: 
 (1) the application of any Write-Down and Conversion Powers by an EEA Resolution
Authority to any such liabilities arising hereunder which may be payable to it by any party hereto that is an EEA Financial Institution; and 

(2) the effects of any Bail-In Action on any such liability, including, if applicable: 

(a) a reduction in full or in part or cancellation of any such liability; 

  
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 (b) a conversion of all, or a portion of, such liability into shares or
other instruments of ownership in such EEA Financial Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in
lieu of any rights with respect to any such liability under this Agreement or any other Loan Document; or 
 (c) the
variation of the terms of such liability in connection with the exercise of the write-down and conversion powers of any EEA Resolution Authority. 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

  
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 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their
respective officers thereunto duly authorized, as of the date first above written. 
  

			
	BJ’S WHOLESALE CLUB, INC., as the Borrower
		
	By:	 	 /s/ Christopher J. Baldwin

		 	Name: Christopher J. Baldwin
		 	Title: President, Chief Executive Officer
	
	BEACON HOLDING INC., as Holdings
		
	By:	 	 /s/ Christopher J. Baldwin

		 	Name: Christopher J. Baldwin
		 	Title: President

 
			
	NOMURA CORPORATE FUNDING AMERICAS, LLC, as Administrative Agent, Collateral Agent and Lender
		
	By:	 	 /s/ Lee Olive
  

		 	Name: Lee Olive
		 	Title: Managing Director

 EXHIBIT A 

[FORM OF] 
 ASSIGNMENT
AND ACCEPTANCE 
 This Assignment and Acceptance (this “Assignment and Acceptance”) is dated as of the Effective
Date set forth below and is entered into by and between [the][each]1 Assignor identified in item 1 below ([the][each, an] “Assignor”) and [the][each]2 Assignee identified in item 2 below ([the][each, an] “Assignee”). [It is understood and agreed that the rights and obligations of [the Assignors][the Assignees]3 hereunder are several and not joint.]4 Capitalized terms used but not defined herein shall have the meanings given to them in the Credit Agreement
identified below (the “Credit Agreement”), receipt of a copy of which is hereby acknowledged by the Assignee. The Standard Terms and Conditions set forth in Annex 1 attached hereto are hereby agreed to and incorporated herein
by reference and made a part of this Assignment and Acceptance as if set forth herein in full. 
 For an agreed consideration, [the][each]
Assignor hereby irrevocably sells and assigns to [the Assignee][the respective Assignees], and [the][each] Assignee hereby irrevocably purchases and assumes from [the Assignor][the respective Assignors], subject to and in accordance with the
Standard Terms and Conditions and the Credit Agreement, as of the Effective Date inserted by the Administrative Agent as contemplated below (i) all of [the Assignor’s][the respective Assignors’] rights and obligations in [its capacity
as a Lender][their respective capacities as Lenders] under the Credit Agreement and the other Loan Documents to the extent related to the amount and percentage interest identified below of all of such outstanding rights and obligations of [the
Assignor][the respective Assignors] under the respective facilities identified below and (ii) to the extent permitted to be assigned under applicable law, all claims, suits, causes of action and any other right of [the Assignor (in its capacity
as a Lender)][the respective Assignors (in their respective capacities as Lenders)] against any Person, whether known or unknown, arising under or in connection with the Credit Agreement, any other Loan Documents or the loan transactions governed
thereby or in any way based on or related to any of the foregoing, including, but not limited to, contract claims, tort claims, malpractice claims, statutory claims and all other claims at law or in equity related to the rights and obligations sold
and assigned pursuant to clause (i) above (the rights and obligations sold and assigned by [the][any] Assignor to [the][any] Assignee pursuant to clauses (i) and (ii) above being referred to herein collectively as [the][an]
“Assigned Interest”). Each such sale and assignment is without recourse to [the][any] Assignor and, except as expressly provided in this Assignment and Acceptance, without representation or warranty by [the][any] Assignor. 

 

					
	 1.
	  	Assignor[s]:	  	  

		  		  	  

  
  

	1 	 For bracketed language here and elsewhere in this form relating to the Assignor(s), if the assignment is from a
single Assignor, choose the first bracketed language. If the assignment is from multiple Assignors, choose the second bracketed language. 

	2 	 For bracketed language here and elsewhere in this form relating to the Assignee(s), if the assignment is to a
single Assignee, choose the first bracketed language. If the assignment is to multiple Assignees, choose the second bracketed language. 

	3 	 Select as appropriate. 

	4 	 Include bracketed language if there are either multiple Assignors or multiple Assignees. 

  
 Exh. A-1 

					
	 2.
	 	 Assignee[s]:
	  	
                          
                                  

                          
                                  

			
	 3.
	 	 Borrower:
	  	BJ’S WHOLESALE CLUB, INC., a Delaware corporation (the “Borrower”),
		
	 4.
	 	Administrative Agent: NOMURA CORPORATE FUNDING AMERICAS, LLC, as the Administrative Agent under the Credit Agreement.
		
	 5.
	 	Credit Agreement: First Lien Term Loan Credit Agreement, dated as of February 3, 2017 (as amended, amended and restated, supplemented and/or otherwise modified from time to time, the “Credit
Agreement”), among the Borrower, BEACON HOLDING INC., a Delaware corporation (“Holdings”), the Lenders party thereto from time to time and NOMURA CORPORATE FUNDING AMERICAS, LLC, as Administrative Agent and as
Collateral Agent.
		
	 6.
	 	 Assigned Interest[s]:

  

															
	
Assignor[s]5
	  	
Assignee[s]6
	  	 Facility

Assigned7
	  	 Aggregate Amount
of Commitment /
Term Loans for
all
Lenders8
	  	 Amount of
Commitment /
Term Loans
Assigned9
	  	Percentage
Assigned of
Commitment
/Term Loans10	 	 	 CUSIP Number

		  		  		  	$            	  	$            	  	 	            	% 	 	
		  		  		  	$            	  	$            	  	 	            	% 	 	
		  		  		  	$            	  	$            	  	 	            	% 	 	

  

							
	 [7.
	 	 Trade Date:
	  	                    ]	  	11

  

	5 	 List each Assignor, as appropriate. 

	6 	 List each Assignee, as appropriate. 

	7 	 Fill in appropriate terminology for each applicable type of facility under the Credit Agreement that is being
assigned under this Assignment, i.e., “Tranche B Term Loans,” “Extended Term Loans,” “Incremental Term Loans” or “Other Term Loans.” 

	8 	 Amounts in this column and in the column immediately to the right to be adjusted by the counterparties to take
into account any payments or prepayments made between the Trade Date and the Effective Date. 

	9 	 Subject to minimum amount requirements pursuant to Section 10.04(2) of the Credit Agreement.

	10 	 Set forth, to at least 9 decimals, as a percentage of the Commitment/Term Loans of all Lenders thereunder.

	11 	 To be completed if the Assignor and the Assignee intend that the minimum assignment amount is to be determined
as of the Trade Date. 

  
 Exh. A-2 

 EXHIBIT A 

Effective Date:
                    , 20     [TO BE INSERTED BY ADMINISTRATIVE AGENT AND WHICH SHALL BE THE EFFECTIVE DATE OF
RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.] 
 The terms set forth in this Assignment and Acceptance are hereby agreed to: 

 

			
	ASSIGNOR
	[NAME OF ASSIGNOR]

 
			
		
	By:	 	  

		 	Name:
		 	Title:

 
			
	
	ASSIGNEE
	[NAME OF ASSIGNEE]

 
			
		
	By:	 	  

		 	Name:
		 	Title:

			
	[Consented to and]12 Accepted:
	
	NOMURA CORPORATE FUNDING AMERICAS, LLC, as Administrative Agent

			
		
	By:	 	  

	Name:	 	
	Title:	 	

			
	
	[Consented to:]13
	
	BJ’S WHOLESALE CLUB, INC., as Borrower

			
		
	By:	 	  

	Name:	 	
	Title:	 	

  

	12 	 To the extent required under Section 10.04(2) of the Credit Agreement. 

	13	 To the extent required under Section 10.04(2) of the Credit Agreement. 

 ANNEX 1 TO ASSIGNMENT AND ACCEPTANCE 

Reference is made to the First Lien Term Loan Credit Agreement, dated as of February 3, 2017 (as amended, amended and restated,
supplemented and/or otherwise modified from time to time, the “Credit Agreement”), among BJ’S WHOLESALE CLUB, INC., a Delaware corporation, as the Borrower, BEACON HOLDING INC., a Delaware corporation, as Holdings, the
Lenders party thereto from time to time and NOMURA CORPORATE FUNDING AMERICAS, LLC, as Administrative Agent and as Collateral Agent. 

STANDARD TERMS AND CONDITIONS FOR 

ASSIGNMENT AND ACCEPTANCE 
  

	 	1.	 Representations and Warranties. 

1.1. Assignor. [The][Each] Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of [the][[the
relevant] Assigned Interest, (ii) [the][such] Assigned Interest is free and clear of any lien, encumbrance or other adverse claim and (iii) it has full power and authority, and has taken all action necessary, to execute and deliver this
Assignment and Acceptance and to consummate the transactions contemplated hereby; and (b) assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with the Credit Agreement or any
other Loan Document, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Documents or any collateral thereunder, (iii) the financial condition of the Loan Parties or any other Person
obligated in respect of any Loan Document or (iv) the performance or observance by the Loan Parties or any other Person of any of their respective obligations under any Loan Document. 

1.2. Assignee. [The][Each] Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all
action necessary, to execute and deliver this Assignment and Acceptance and to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement, (ii) it is not a Defaulting Lender or Disqualified Institution,
(iii) it meets all the requirements to be a Lender under the Credit Agreement (subject to such consents, if any, as may be required under Section 10.04(2) of the Credit Agreement), (iv) from and after the Effective Date, it shall be
bound by the provisions of the Credit Agreement as a Lender thereunder and, to the extent of [the][the relevant] Assigned Interest, shall have the obligations of a Lender thereunder, (v) it is sophisticated with respect to decisions to acquire
assets of the type represented by [the][such] Assigned Interest and either it, or the Person exercising discretion in making its decision to acquire [the][such] Assigned Interest, is experienced in acquiring assets of such type, (vi) it has
received a copy of the Credit Agreement, and has received or has been accorded the opportunity to receive copies of the most recent financial statements delivered pursuant to Section 5.04 thereof, as applicable, and such other documents and
information as it deems appropriate to make its own credit analysis and decision to enter into this Assignment and Acceptance and to purchase [the][such] Assigned Interest, (vii) it has, independently and without reliance upon the
Administrative Agent, Collateral Agent, or any other Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Assignment and Acceptance and to purchase [the][such]
Assigned Interest, and (viii) if it is a Foreign Lender, attached hereto is any 

  
 1 

 
documentation required to be delivered by it pursuant to the terms of the Credit Agreement, duly completed and executed by [the][such] Assignee; (b) agrees that (i) it will,
independently and without reliance upon the Administrative Agent, the Collateral Agent, [the][any] Assignor or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit
decisions in taking or not taking action under the Loan Documents, and (ii) it will perform in accordance with their terms all of the obligations which by the terms of the Loan Documents are required to be performed by it as a Lender; and
(c) appoints and authorizes the Administrative Agent to take such action as agent on its behalf and to exercise such powers under the Credit Agreement as are delegated to the Administrative Agent by the terms of the Credit Agreement, together
with such powers as are reasonably incidental thereto. 
 2. Payments. From and after the Effective Date, the Administrative Agent
shall make all payments in respect of [the][each] Assigned Interest (including payments of principal, interest, fees and other amounts) to [the][the relevant] Assignor for amounts which have accrued up to but excluding the Effective Date and to
[the][the relevant] Assignee for amounts which have accrued from and after the Effective Date. 
 3. General Provisions. This
Assignment and Acceptance shall be binding upon, and inure to the benefit of, the parties hereto and their respective successors and assigns. This Assignment and Acceptance may be executed in any number of counterparts, which together shall
constitute one instrument. Delivery of an executed counterpart of a signature page of this Assignment and Acceptance by telecopy or electronically shall be effective as delivery of a manually executed counterpart of this Assignment and Acceptance.
This Assignment and Acceptance shall be construed in accordance with and governed by the laws of the State of New York. 

  
 2 

 EXHIBIT B 

[FORM OF] 
 SOLVENCY
CERTIFICATE 
 of 

THE BORROWER 
 AND ITS
SUBSIDIARIES 
 Pursuant to (i) Section 4.01(6) of the First Lien Term Loan Credit Agreement, dated as of February 3,
2017 (as amended, amended and restated, supplemented and/or otherwise modified from time to time, the “First Lien Term Loan Credit Agreement”), among BJ’S WHOLESALE CLUB, INC., a Delaware corporation (the
“Borrower”), BEACON HOLDING INC., a Delaware corporation (“Holdings”), the Lenders party thereto from time to time and NOMURA CORPORATE FUNDING AMERICAS, LLC, as Administrative Agent and as Collateral
Agent and 
(ii) Section 4.01(6) of the Second Lien Term Loan Credit Agreement, dated as of February 3, 2017 (as amended, amended and restated, supplemented and/or otherwise modified from time to time, the “Second Lien
Term Loan Credit Agreement” and together with the First Lien Term Loan Credit Agreement, the “Credit Agreements”), among the Borrower, Holdings, the Lenders party thereto from time to time and JEFFERIES FINANCE
LLC, as Administrative Agent and as Collateral Agent, the undersigned hereby certifies, solely in such undersigned’s capacity as [chief financial officer] of BJ’S WHOLESALE CLUB, INC., and not individually, as follows: 

As of the date hereof, after giving effect to the consummation of the Transactions, including the making of the Term Loans under each Credit
Agreement on the date hereof, and after giving effect to the application of the proceeds of such indebtedness: 
  

	 	a.	 The fair value of the assets of the Borrower and its Subsidiaries, on a consolidated basis, exceeds, on a
consolidated basis, their debts and liabilities (subordinated, contingent or otherwise); 

  

	 	b.	 The present fair saleable value of the property of the Borrower and its Subsidiaries, on a consolidated basis,
is greater than the amount that will be required to pay the probable liability, on a consolidated basis, of their debts and other liabilities (subordinated, contingent or otherwise) as such debts and other liabilities become absolute and matured;

  

	 	c.	 The Borrower and its Subsidiaries, on a consolidated basis, are able to pay their debts and liabilities
(subordinated, contingent or otherwise) as such liabilities become absolute and matured; and 

  

	 	d.	 The Borrower and its Subsidiaries, on a consolidated basis, are not engaged in, and are not about to engage in,
business for which they have unreasonably small capital. 

 For purposes of this Solvency Certificate, the amount of any
contingent liability at any time shall be computed as the amount that would reasonably be expected to become an actual and matured liability. Capitalized terms used but not otherwise defined herein shall have the meanings assigned to them in the
applicable Credit Agreement. 
 Exh. B-1 

 [Signature Page Follows] 

 

  
 Exh. B-2 

 IN WITNESS WHEREOF, the undersigned has executed this Solvency Certificate in such
undersigned’s capacity as [chief financial officer] of the Borrower, on behalf of the Borrower, and not individually, as of the date first stated above. 

 

			
	BJ’S WHOLESALE CLUB, INC.

 
			
		
	By:	 	  

		 	Name:
		 	Title:

  

  

 EXHIBIT C 

[FORM OF] 
 BORROWING
REQUEST 
  

	To:	 NOMURA CORPORATE FUNDING AMERICAS, LLC, 

as Administrative Agent for 
 the
Lenders referred to below 
 [            ], 2017 

Ladies and Gentlemen: 
 Reference is made to the
First Lien Term Loan Credit Agreement, dated as of February 3, 2017 (as amended, amended and restated, supplemented and/or otherwise modified from time to time, the “Credit Agreement”), among initially BJ’S
WHOLESALE CLUB, INC., a Delaware corporation (the “Borrower”), BEACON HOLDING INC., a Delaware corporation (“Holdings”), the Lenders party thereto from time to time and NOMURA CORPORATE FUNDING
AMERICAS, LLC, as Administrative Agent and as Collateral Agent. Capitalized terms used herein and not otherwise defined herein have the meanings specified in the Credit Agreement. 

The undersigned hereby gives you notice pursuant to Section 2.02 of the Credit Agreement that it requests a Borrowing under the Credit
Agreement, and in that connection sets forth below the terms on which such Borrowing is requested to be made: 
  

									
		 	(A)	 	Date of Borrowing	 	                                      
  	 	
					
		 		 	(which shall be a Business Day)	 	 	 	
					
		 	(B)	 	Principal Amount of Borrowing	 	 	 	
					
		 	(C)	 	Type of Borrowing14	 	 	 	
					
		 	(D)	 	Interest Period and the last day thereof15	 	 	 	
					
		 		 	(in the case of a Eurocurrency Borrowing)	 		 	
					
		 	(E)	 	Account Number and Location	 	 	 	

  
  

	14 	 Specify an ABR Borrowing or a Eurocurrency Borrowing. 

	15 	 The initial Interest Period applicable to a Eurocurrency Borrowing shall be subject to the definition of
“Interest Period.” 

  

  
 Exh. C-1 

 
			
	BJ’S WHOLESALE CLUB, INC
		
	By:	 	  

		 	Name:
		 	Title:

  

  

 EXHIBIT D 

[FORM OF] 
 INTEREST
ELECTION REQUEST 
  

	To:	 NOMURA CORPORATE FUNDING AMERICAS, LLC, 

as Administrative Agent for the Lenders referred to below 

[●], 20[●]1 

Ladies and Gentlemen: 
 Reference is made to the
First Lien Term Loan Credit Agreement, dated as of February 3, 2017 (as amended, amended and restated, supplemented and/or otherwise modified from time to time, the “Credit Agreement”), among BJ’S WHOLESALE CLUB,
INC., a Delaware corporation (the “Borrower”), BEACON HOLDING INC., a Delaware corporation (“Holdings”), the Lenders party thereto from time to time and NOMURA CORPORATE FUNDING AMERICAS, LLC, as
Administrative Agent and as Collateral Agent. Capitalized terms used herein and not otherwise defined herein have the meanings specified in the Credit Agreement. 

This notice constitutes a notice of conversion or notice of continuation, as applicable, under Section 2.04 of the Credit Agreement, and
the Borrower hereby irrevocably notifies the Administrative Agent of the following information with respect to the conversion or continuation requested hereby: 

a. The Borrowing to which this Interest Election Request applies2 is [●]; 

b. The effective date of the election (which shall be a Business Day) made pursuant to this Interest Election Request is [●],
20[●]; 
 c. The resulting Borrowing is to be [an ABR Borrowing][a Eurocurrency Borrowing][; and] 

[d. The Interest Period applicable to the resulting Borrowing after giving effect to such election is [●]3]. 
 [Remainder of Page Intentionally Left Blank] 

 
  

	1 	 Administrative Agent must be notified as indicated in Section 2.04 of the Credit Agreement in the case of
an election to convert to or continue a Eurocurrency Borrowing election, not later than 2:00 p.m. New York City time, three Business Days before the effective date of such election or, in the case of an election to convert to an ABR Borrowing, not
later than 2:00 p.m., New York City time, one Business Day prior to such election (provided that, to make an election to convert any Eurocurrency Borrowing to an ABR Borrowing prior to the end of the effective Interest Period of such
Eurocurrency Borrowing, the Borrower must notify the Administrative Agent not later than 2:00 p.m., two Business Days before the effective date of such election). 

	2 	 If different options are being elected with respect to different portions thereof, the portions thereof to be
allocated to each resulting Borrowing (in which case the information specified pursuant to (d) below shall be specified for each resulting Borrowing). 

	3 	 Include this clause (d) if the resulting Borrowing is a Eurocurrency Borrowing. In the case of a
Eurocurrency Borrowing that does not specify an Interest Period, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration. 

 

  
 Exh. D-1 

 
			
	BJ’S WHOLESALE CLUB, INC.
		
	By:	 	  

		 	Name:
		 	Title:

  

  

 EXHIBIT E 

[FORM OF] 
 NON-DEBT
FUND AFFILIATE ASSIGNMENT AND ACCEPTANCE 
 This Non-Debt Fund Affiliate Assignment and Acceptance (this “Assignment and
Acceptance”) is dated as of the Effective Date set forth below and is entered into by and between [the][each]1 Assignor identified in item 1 below ([the][each, an]
“Assignor”) and [the][each]2 Assignee identified in item 2 below ([the][each, an] “Assignee”). [It is understood and agreed that the rights and
obligations of [the Assignors][the Assignees]3 hereunder are several and not joint.]4 Capitalized terms used but not defined herein shall have
the meanings given to them in the Credit Agreement identified below (the “Credit Agreement”), receipt of a copy of which is hereby acknowledged by the Assignee. The Standard Terms and Conditions set forth in Annex 1 attached
hereto are hereby agreed to and incorporated herein by reference and made a part of this Assignment and Acceptance as if set forth herein in full. 

For an agreed consideration, [the][each] Assignor hereby irrevocably sells and assigns to [the Assignee][the respective Assignees], and
[the][each] Assignee hereby irrevocably purchases and assumes from [the Assignor][the respective Assignors], subject to and in accordance with the Standard Terms and Conditions and the Credit Agreement, as of the Effective Date inserted by the
Administrative Agent as contemplated below (i) all of [the Assignor’s][the respective Assignors’] rights and obligations in [its capacity as a Lender][their respective capacities as Lenders] under the Credit Agreement and the other
Loan Documents to the extent related to the amount and percentage interest identified below of all of such outstanding rights and obligations of [the Assignor][the respective Assignors] under the respective facilities identified below and
(ii) to the extent permitted to be assigned under applicable law, all claims, suits, causes of action and any other right of [the Assignor (in its capacity as a Lender)][the respective Assignors (in their respective capacities as Lenders)]
against any Person, whether known or unknown, arising under or in connection with the Credit Agreement, any other Loan Documents or the loan transactions governed thereby or in any way based on or related to any of the foregoing, including, but not
limited to, contract claims, tort claims, malpractice claims, statutory claims and all other claims at law or in equity related to the rights and obligations sold and assigned pursuant to clause (i) above (the rights and obligations sold and
assigned by [the][any] Assignor to [the][any] Assignee pursuant to clauses (i) and (ii) above being referred to herein collectively as [the][an] “Assigned Interest”). Each such sale and assignment is without
recourse to [the][any] Assignor and, except as expressly provided in this Assignment and Acceptance, without representation or warranty by [the][any] Assignor. 
  

							
	 1.
	 	 Assignor[s]:
	  	 	  	

  
  

	1 	 For bracketed language here and elsewhere in this form relating to the Assignor(s), if the assignment is from a
single Assignor, choose the first bracketed language. If the assignment is from multiple Assignors, choose the second bracketed language. 

	2 	 For bracketed language here and elsewhere in this form relating to the Assignee(s), if the assignment is to a
single Assignee, choose the first bracketed language. If the assignment is to multiple Assignees, choose the second bracketed language. 

	3 	 Select as appropriate. 

	4 	 Include bracketed language if there are either multiple Assignors or multiple Assignees. 

 

  
 Exh. E-1 

							
	2.	 	Assignee[s]:	 	 	  	
			
		 		 	[and is a Non-Debt Fund Affiliate/Purchasing Borrower Party5]
		
	3.	 	Borrower: BJ’S WHOLESALE CLUB, INC., a Delaware corporation (the “Borrower”)
		
	4.	 	Administrative Agent: NOMURA CORPORATE FUNDING AMERICAS, LLC, as the administrative agent under the Credit Agreement
		
	5.	 	Credit Agreement: First Lien Term Loan Credit Agreement, dated as of February 3, 2017 (as amended, restated, supplemented and/or otherwise modified from time to time, the “Credit
Agreement”), among the Borrower, BEACON HOLDING INC., a Delaware corporation (“Holdings”), the Lenders party thereto from time to time and NOMURA CORPORATE FUNDING AMERICAS, LLC, as Administrative Agent and as
Collateral Agent.
			
	6.	 	Assigned Interest[s]:	  	

  

															
	
Assignor[s]6
	  	
Assignee[s]7
	  	 Facility
Assigned8
	  	 Aggregate Amount
of Commitment /
Term Loans for
all
Lenders9
	  	 Amount of
Commitment /
Term Loans
Assigned10
	  	Percentage
Assigned of
Commitment /
Term Loans11	 	 	 CUSIP Number

		  		  		  	$            	  	$            	  	 	            	% 	 	
		  		  		  	$            	  	$            	  	 	            	% 	 	
		  		  		  	$            	  	$            	  	 	            	% 	 	

  

							
	 [7.
	 	 Trade Date:
	  	
                   
 ]
	  	
12
 

  
  

	5 	 Select as applicable. 

	6 	 List each Assignor, as appropriate. 

	7 	 List each Assignee, as appropriate. 

	8 	 Fill in appropriate terminology for each applicable type of facility under the Credit Agreement that is being
assigned under this Assignment, i.e., “Extended Term Loans,” “Incremental Term Loans” or “Other Term Loans.” 

	9 	 Amounts in this column and in the column immediately to the right to be adjusted by the counterparties to take
into account any payments or prepayments made between the Trade Date and the Effective Date. 

	10 	 Subject to minimum amount requirements pursuant to Section 10.04(2) of the Credit Agreement.

	11 	 Set forth, to at least 9 decimals, as a percentage of the Commitment/Loans of all Lenders thereunder.

	12 	 To be completed if the Assignor and the Assignee intend that the minimum assignment amount is to be determined
as of the Trade Date. 

  

  
 Exh. E-2 

 EXHIBIT E 

Effective Date:             , 20     [TO BE
INSERTED BY ADMINISTRATIVE AGENT AND WHICH SHALL BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.] 
 The terms set forth in this
Assignment and Acceptance are hereby agreed to: 
  

			
	ASSIGNOR
	[NAME OF ASSIGNOR]

 
			
		
	By:	 	  

	Name:
	Title:

 
			
	
	ASSIGNEE
	[NAME OF ASSIGNEE]

 
			
		
	By:	 	  

	Name:
	Title:

  

  

			
	[Consented to and]1 Accepted:
	
	NOMURA CORPORATE FUNDING AMERICAS, LLC,
	as Administrative Agent

			
		
	By:	 	  

	Name:
	Title:

			
	
	[Consented to:]2
	
	BJ’S WHOLESALE CLUB, INC., as Borrower

			
		
	By:	 	  

	Name:
	Title:

  
  

	1 	 To the extent required under Section 10.04(2) of the Credit Agreement. 

	2 	 To the extent required under Section 10.04(2) of the Credit Agreement. 

 

  

 EXHIBIT E 

ANNEX 1 TO ASSIGNMENT AND ACCEPTANCE 

Reference is made to the First Lien Term Loan Credit Agreement, dated as of February 3, 2017 (as amended, restated, supplemented and/or
otherwise modified from time to time, the “Credit Agreement”), among BJ’S WHOLESALE CLUB, INC., a Delaware corporation (the “Borrower”), BEACON HOLDING INC., a Delaware corporation
(“Holdings”), the Lenders party thereto from time to time and NOMURA CORPORATE FUNDING AMERICAS, LLC, as Administrative Agent and as Collateral Agent. 

STANDARD TERMS AND CONDITIONS FOR 

NON-DEBT FUND AFFILIATE ASSIGNMENT AND ACCEPTANCE 

1. Representations and Warranties. 

1.1. Assignor. [The][Each] Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of [the][[the
relevant] Assigned Interest, (ii) [the][such] Assigned Interest is free and clear of any lien, encumbrance or other adverse claim and (iii) it has full power and authority, and has taken all action necessary, to execute and deliver this
Assignment and Acceptance and to consummate the transactions contemplated hereby; and (b) assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with the Credit Agreement or any
other Loan Document, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Documents or any collateral thereunder, (iii) the financial condition of the Loan Parties or any other Person
obligated in respect of any Loan Document or (iv) the performance or observance by the Loan Parties or any other Person of any of their respective obligations under any Loan Document. 

1.2. Assignee. [The][Each] Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all
action necessary, to execute and deliver this Assignment and Acceptance and to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement, (ii) it is a [Non-Debt Fund Affiliate][Purchasing Borrower Party]
pursuant to Section [10.04(10)][10.04(14)] of the Credit Agreement, (iii) it meets all the requirements to be a Lender under the Credit Agreement (subject to such consents, if any, as may be required under Section 10.04(2) of the Credit
Agreement), (iv) from and after the Effective Date, it shall be bound by the provisions of the Credit Agreement as a Lender thereunder and, to the extent of [the][the relevant] Assigned Interest, shall have the obligations of a Lender
thereunder, (v) it is sophisticated with respect to decisions to acquire assets of the type represented by [the][such] Assigned Interest and either it, or the Person exercising discretion in making its decision to acquire [the][such] Assigned
Interest, is experienced in acquiring assets of such type, (vi) it has received a copy of the Credit Agreement, and has received or has been accorded the opportunity to receive copies of the most recent financial statements delivered pursuant
to Section 5.04 thereof, as applicable, and such other documents and information as it deems appropriate to make its own credit analysis and decision to enter into this Assignment and Acceptance and to purchase [the][such] Assigned Interest,
(vii) it has, independently and without reliance upon the Administrative Agent, Collateral Agent, or any other Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter
into this Assignment and Acceptance and to purchase [the][such] Assigned 

  
 1 

 
Interest, and (viii) if it is a Foreign Lender, attached hereto is any documentation required to be delivered by it pursuant to the terms of the Credit Agreement, duly completed and executed
by [the][such] Assignee; (b) agrees that (i) it will, independently and without reliance upon the Administrative Agent, the Collateral Agent, [the][any] Assignor or any other Lender, and based on such documents and information as it shall
deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Loan Documents, and (ii) it will perform in accordance with their terms all of the obligations which by the terms of the Loan
Documents are required to be performed by it as a Lender; and (c) appoints and authorizes the Administrative Agent to take such action as agent on its behalf and to exercise such powers under the Credit Agreement as are delegated to the
Administrative Agent by the terms of the Credit Agreement, together with such powers as are reasonably incidental thereto. 
 1.3.
[Non-Debt Fund Affiliate. 
 (a) [As of the Effective Date, the Assignee affirms [the No MNPI Representation][that it is a
sophisticated investor and is willing to proceed with the assignment set forth in this Assignment and Acceptance]1.]2 

The Assignee consents to the provisions of Section 10.04 of the Credit Agreement that apply to a Non-Debt Fund Affiliate in its capacity
as a Lender with respect to the Assigned Interest. 
 [(b) As of the Effective Date, the Assignor affirms [the No MNPI Representation][that
it is a sophisticated investor and is willing to proceed with the assignment set forth in this Assignment and Acceptance.]3]4 

[Purchasing Borrower Party. The Assignee [affirms the No MNPI Representation as of the Effective Date and further]5 represents and warrants that immediately after giving effect to this Assignment and Acceptance, no Event of Default will exist. The Assignee consents to the provisions of the Credit Agreement that
apply to the purchase by or assignment to a Purchasing Borrower Party of Term Loans included in the Assigned Interest.] 
 2.
Payments. From and after the Effective Date, the Administrative Agent shall make all payments in respect of [the][each] Assigned Interest (including payments of principal, interest, fees and other amounts) to [the][the relevant] Assignor for
amounts which have accrued up to but excluding the Effective Date and to [the][the relevant] Assignee for amounts which have accrued from and after the Effective Date. 

3. General Provisions. This Assignment and Acceptance shall be binding upon, and inure to the benefit of, the parties hereto and their
respective successors and assigns. This Assignment and Acceptance may be executed in any number of counterparts, which 
  

 

	1 	 Select applicable bracketed text. 

	2 	 To be included only if required pursuant to Section 10.04(10)(d) of the Credit Agreement.

	3 	 Select applicable bracketed text. 

	4 	 Applicable to Non-Debt Fund Affiliates only if required pursuant to Section 10.04(10)(d) of the Credit
Agreement. Clause (a) applies to Non-Debt Fund Affiliates that are Assignees. Clause (b) applies to Non-Debt Fund Affiliates that are Assignors. 

	5 	 To be included only if required pursuant to Section 10.04(14)(e) of the Credit Agreement.

  
 2 

 
together shall constitute one instrument. Delivery of an executed counterpart of a signature page of this Assignment and Acceptance by telecopy or electronically shall be effective as delivery of
a manually executed counterpart of this Assignment and Acceptance. This Assignment and Acceptance shall be construed in accordance with and governed by the laws of the State of New York. 

  
 3 

 EXHIBIT F 

EXHIBIT F-1 
 U.S. TAX COMPLIANCE
CERTIFICATE 
 (For Foreign Lenders That Are Not Partnerships For U.S. Federal Income Tax Purposes) 

Reference is made to the First Lien Term Loan Credit Agreement, dated as of February 3, 2017 (as amended, amended and restated,
supplemented and/or otherwise modified from time to time, the “Credit Agreement”), among BJ’S WHOLESALE CLUB, INC., a Delaware corporation (the “Borrower”), BEACON HOLDING INC., a Delaware
corporation (“Holdings”), the Lenders party thereto from time to time and NOMURA CORPORATE FUNDING AMERICAS, LLC, as Administrative Agent and as Collateral Agent. Capitalized terms used herein and not otherwise defined herein
have the meanings specified in the Credit Agreement. 
 Pursuant to the provisions of Section 2.14(5)(c) of the Credit Agreement, the
undersigned hereby certifies that (i) it is the sole record and beneficial owner of the Term Loan(s) (as well as any Note(s) evidencing such Term Loan(s)) in respect of which it is providing this certificate, (ii) it is not a bank within
the meaning of Section 881(c)(3)(A) of the Code, (iii) it is not a ten percent shareholder of the Borrower within the meaning of Section 871(h)(3)(B) of the Code and (iv) it is not a controlled foreign corporation related to the
Borrower as described in Section 881(c)(3)(C) of the Code. 
 The undersigned has furnished the Administrative Agent and the Borrower
with a certificate of its non-U.S. Person status on IRS Form W-8BEN or W-8BEN-E. By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform
the Borrower and the Administrative Agent, and (2) the undersigned shall have at all times furnished the Borrower and the Administrative Agent with a properly completed and currently effective certificate in either the calendar year in which
each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments. 
 Unless otherwise defined
herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement. 
  

			
	[NAME OF LENDER]
		
	By:	 	  

		 	Name:
		 	Title:
	
	Date:                  , 20[     ]

  
 Exh. F-1 

 EXHIBIT F-2 

U.S. TAX COMPLIANCE CERTIFICATE 

(For Foreign Participants That Are Not Partnerships For U.S. Federal Income Tax Purposes) 

Reference is made to the First Lien Term Loan Credit Agreement, dated as of February 3, 2017 (as amended, amended and restated,
supplemented and/or otherwise modified from time to time, the “Credit Agreement”), among BJ’S WHOLESALE CLUB, INC., a Delaware corporation (the “Borrower”), BEACON HOLDING INC., a Delaware
corporation (“Holdings”), the Lenders party thereto from time to time and NOMURA CORPORATE FUNDING AMERICAS, LLC, as Administrative Agent and as Collateral Agent. 

Pursuant to the provisions of Section 2.14(5)(c) of the Credit Agreement, the undersigned hereby certifies that (i) it is the sole
record and beneficial owner of the participation in respect of which it is providing this certificate, (ii) it is not a bank within the meaning of Section 881(c)(3)(A) of the Code, (iii) it is not a ten percent shareholder of the
Borrower within the meaning of Section 871(h)(3)(B) of the Code, and (iv) it is not a controlled foreign corporation related to the Borrower as described in Section 881(c)(3)(C) of the Code. 

The undersigned has furnished its participating Lender with a certificate of its non-U.S. Person status on IRS Form W-8BEN or W-8BEN-E. By
executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform such Lender in writing, and (2) the undersigned shall have at all times furnished
such Lender with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments. 

Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit
Agreement. 
  

			
	[NAME OF PARTICIPANT]

			
		
	By:	 	  

		 	Name:
		 	Title:
	
	Date:                  , 20[     ]

  
 Exh. F-2 

 EXHIBIT F-3 

U.S. TAX COMPLIANCE CERTIFICATE 

(For Foreign Participants That Are Partnerships For U.S. Federal Income Tax Purposes) 

Reference is made to the First Lien Term Loan Credit Agreement, dated as of February 3, 2017 (as amended, amended and restated,
supplemented and/or otherwise modified from time to time, the “Credit Agreement”), among BJ’S WHOLESALE CLUB, INC., a Delaware corporation (the “Borrower”), BEACON HOLDING INC., a Delaware
corporation (“Holdings”), the Lenders party thereto from time to time and NOMURA CORPORATE FUNDING AMERICAS, LLC, as Administrative Agent and as Collateral Agent. Capitalized terms used herein and not otherwise defined herein
have the meanings specified in the Credit Agreement. 
 Pursuant to the provisions of Section 2.14(5)(c) of the Credit Agreement, the
undersigned hereby certifies that (i) it is the sole record owner of the participation in respect of which it is providing this certificate, (ii) its direct or indirect partners/members are the sole beneficial owners of such participation,
(iii) with respect to such participation, neither the undersigned nor any of its direct or indirect partners/members is a bank extending credit pursuant to a loan agreement entered into in the ordinary course of its trade or business within the
meaning of Section 881(c)(3)(A) of the Code, (iv) none of its direct or indirect partners/members is a ten percent shareholder of the Borrower within the meaning of Section 871(h)(3)(B) of the Code and (v) none of its direct or
indirect partners/members is a controlled foreign corporation related to the Borrower as described in Section 881(c)(3)(C) of the Code. 

The undersigned has furnished its participating Lender with IRS Form W-8IMY accompanied by one of the following forms from each of its
partners/members that is claiming the portfolio interest exemption: (i) an IRS Form W-8BEN or W-8BEN-E or (ii) an IRS Form W-8IMY accompanied by an IRS Form W-8BEN or W-8BEN-E from each of such partner’s/member’s beneficial
owners that is claiming the portfolio interest exemption. By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform such Lender and
(2) the undersigned shall have at all times furnished such Lender with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar
years preceding such payments. 
 Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the
meanings given to them in the Credit Agreement. 
  

			
	[NAME OF PARTICIPANT]

			
		
	By:	 	  

		 	Name:
		 	Title:
	
	Date:                  , 20[     ]

  
 Exh. F-3 

 EXHIBIT F-4 

U.S. TAX COMPLIANCE CERTIFICATE 

(For Foreign Lenders That Are Partnerships For U.S. Federal Income Tax Purposes) 

Reference is made to the First Lien Term Loan Credit Agreement, dated as of February 3, 2017 (as amended, amended and restated,
supplemented and/or otherwise modified from time to time, the “Credit Agreement”), among BJ’S WHOLESALE CLUB, INC., a Delaware corporation (the “Borrower”), BEACON HOLDING INC., a Delaware
corporation (“Holdings”), the Lenders party thereto from time to time and NOMURA CORPORATE FUNDING AMERICAS, LLC, as Administrative Agent and as Collateral Agent. Capitalized terms used herein and not otherwise defined herein
have the meanings specified in the Credit Agreement. 
 Pursuant to the provisions of Section 2.14(5)(c) of the Credit Agreement, the
undersigned hereby certifies that (i) it is the sole record owner of the Term Loan(s) (as well as any Note(s) evidencing such Term Loan(s)) in respect of which it is providing this certificate, (ii) its direct or indirect partners/members
are the sole beneficial owners of such Term Loan(s) (as well as any Note(s) evidencing such Term Loan(s)), (iii) with respect to the extension of credit pursuant to this Credit Agreement or any other Loan Document, neither the undersigned nor
any of its direct or indirect partners/members is a bank extending credit pursuant to a loan agreement entered into in the ordinary course of its trade or business within the meaning of Section 881(c)(3)(A) of the Code, (iv) none of its
direct or indirect partners/members is a ten percent shareholder of the Borrower within the meaning of Section 871(h)(3)(B) of the Code and (v) none of its direct or indirect partners/members is a controlled foreign corporation related to
the Borrower as described in Section 881(c)(3)(C) of the Code. 
 The undersigned has furnished the Administrative Agent and the
Borrower with IRS Form W-8IMY accompanied by one of the following forms from each of its partners/members that is claiming the portfolio interest exemption: (i) an IRS Form W-8BEN or W-8BEN-E or (ii) an IRS Form W-8IMY accompanied by an
IRS Form W-8BEN or W-8BEN-E from each of such partner’s/member’s beneficial owners that is claiming the portfolio interest exemption. By executing this certificate, the undersigned agrees that (1) if the information provided on this
certificate changes, the undersigned shall promptly so inform the Borrower and the Administrative Agent, and (2) the undersigned shall have at all times furnished the Borrower and the Administrative Agent with a properly completed and currently
effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments. 

Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit
Agreement. 
  

  
 Exh. F-4 

			
	[NAME OF LENDER]

			
		
	By:	 	  

		 	Name:
		 	Title:
	
	Date:                  , 20[     ]

 EXHIBIT G 

[FORM OF] 
 TERM NOTE

 THIS NOTE AND THE OBLIGATIONS REPRESENTED HEREBY MAY NOT BE TRANSFERRED EXCEPT IN COMPLIANCE WITH THE TERMS AND PROVISIONS OF THE CREDIT AGREEMENT
REFERRED TO BELOW. TRANSFERS OF THIS NOTE AND THE OBLIGATIONS REPRESENTED HEREBY MUST BE RECORDED IN THE REGISTER MAINTAINED BY THE ADMINISTRATIVE AGENT PURSUANT TO THE TERMS OF SUCH CREDIT AGREEMENT. 

 

			
	 $            
	  	New York, New York
		  	                 , 20    

 FOR VALUE RECEIVED, the undersigned, BJ’s Wholesale Club, Inc., a Delaware corporation (the
“Borrower”), hereby unconditionally promises to pay to                      (the “Lender”) or
its registered assigns at the Payment Office specified in the Credit Agreement (as hereinafter defined) in lawful money of the United States and in immediately available funds, the principal amount of
(a)                      DOLLARS ($            ), or, if less,
(b) the unpaid principal amount of the Term Loans made by the Lender. The principal amount shall be paid in the amounts and on the dates specified in Section 2.06 of the Credit Agreement. The Borrower further agrees to pay interest in like
money at such office on the unpaid principal amount hereof from time to time outstanding at the rates and on the dates specified in Section 2.10 of the Credit Agreement. 

The holder of this Note is authorized to indorse on the schedules annexed hereto and made a part hereof or on a continuation thereof which
shall be attached hereto and made a part hereof the date, Type and amount of the Term Loan and the date and amount of each payment or prepayment of principal with respect thereto, each conversion of all or a portion thereof to another Type, each
continuation of all or a portion thereof as the same Type and, in the case of Eurocurrency Loans, the length of each Interest Period with respect thereto. Each such indorsement shall constitute prima facie evidence of the accuracy of the
information indorsed. The failure to make any such indorsement or any error in any such indorsement shall not affect the obligations of the Borrower in respect of the Term Loan. 

This Note (a) is one of the Notes referred to in the First Lien Term Loan Credit Agreement dated as of February 3, 2017 (as amended,
supplemented and/or otherwise modified from time to time, the “Credit Agreement”), among the Borrower, Beacon Holding Inc., a Delaware corporation, the Lender, the other Lenders party thereto, Nomura Corporate Funding
Americas, LLC, as Administrative Agent and as Collateral Agent, and the other parties thereto, (b) is subject to the provisions of the Credit Agreement and (c) is subject to optional and mandatory prepayment in whole or in part as provided
in the Credit Agreement. This Note is secured and guaranteed as provided in the Loan Documents. Reference is hereby made to the Loan Documents for a description of the properties and assets in which a security interest has been granted, the nature
and extent of the security and the guarantees, the terms and conditions upon which the security interests and each guarantee were granted and the rights of the holder of this Note in respect thereof. 

 

  
 Exh. I-1 

 Upon the occurrence of any one or more of the Events of Default, all principal and all
accrued interest then remaining unpaid on this Note shall become, or may be declared to be, immediately due and payable, in each case, as provided in the Credit Agreement. 

All parties now and hereafter liable with respect to this Note, whether maker, principal, surety, guarantor, indorser or otherwise, hereby
waive presentment, demand, protest and all other notices of any kind. 
 Unless otherwise defined herein, terms defined in the Credit
Agreement and used herein shall have the meanings given to them in the Credit Agreement. 
 NOTWITHSTANDING ANYTHING TO THE CONTRARY
CONTAINED HEREIN OR IN THE CREDIT AGREEMENT, THIS NOTE MAY NOT BE TRANSFERRED EXCEPT PURSUANT TO AND IN ACCORDANCE WITH THE PROVISIONS OF SECTION 10.04 OF THE CREDIT AGREEMENT. 

THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 

 

  
 I-2 

 
			
	BJ’S WHOLESALE CLUB, INC.
		
	By:	 	  

		 	Name:
		 	Title:

  

 Schedule A to 

Tranche B Term Note 
 LOANS,
CONVERSIONS AND REPAYMENTS OF ABR LOANS 
  

													
	 Date
	  	 Amount of
ABR Loans
	  	 Amount
Converted to
ABR Loans
	  	Amount of
Principal of
ABR Loans
Repaid	  	Amount of
ABR Loans
Converted to
Eurocurrency
Loans	  	Unpaid
Principal
Balance of
ABR Loans	  	Notation
Made By
	 	  	    	  	 	  	 	  	 	  	 	  	 
	 	  	    	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	    	  	 	  	 	  	 	  	 
	 	  	    	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	    	  	 	  	 	  	 	  	 
	 	  	 	  	    	  	 	  	 	  	 	  	 
	 	  	 	  	    	  	 	  	 	  	 	  	 
	 	  	 	  	    	  	 	  	 	  	 	  	 
	 	  	 	  	    	  	 	  	 	  	 	  	 
	 	  	 	  	    	  	 	  	 	  	 	  	 
	 	  	 	  	    	  	 	  	 	  	 	  	 
	 	  	 	  	    	  	 	  	 	  	 	  	 
	 	  	 	  	    	  	 	  	 	  	 	  	 
	 	  	 	  	    	  	 	  	 	  	 	  	 
	 	  	 	  	    	  	 	  	 	  	 	  	 
	 	  	 	  	    	  	 	  	 	  	 	  	 

  

  
 Sch. A-1 

 EXHIBIT G 

Schedule B to 
 Tranche B Term Note

 LOANS, CONTINUATIONS, CONVERSIONS AND REPAYMENTS OF EUROCURRENCY LOANS 

 

															
	 Date
	  	 Amount of
Eurocurrency
Loans
	  	 Amount
Converted to
Eurocurrency
Loans
	  	Interest Period
and Adjusted
LIBO Rate
with Respect
Thereto	  	Amount of
Principal of
Eurocurrency
Loans Repaid	  	Amount of
Eurocurrency
Loans
Converted to
Base Rate Loans	  	Unpaid
Principal
Balance of
Eurocurrency
Loans	  	Notation
Made By
	 	  	    	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	    	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	    	  	 	  	 	  	 	  	 	  	 
	 	  	    	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	    	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	    	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	    	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	    	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	    	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	    	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	    	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	    	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	    	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	    	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	    	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	    	  	 	  	 	  	 	  	 	  	 

  

  
 Sch. B-1 

 EXHIBIT H 

[FORM OF] 
 NOTICE OF
PREPAYMENT 
 Date: [            ,
        ] 
  

	To:	   Nomura Corporate Funding Americas, LLC, as Administrative Agent 

Ladies and Gentlemen: 
 Reference is made to
that certain First Lien Term Loan Credit Agreement, dated as of February 3, 2017 (as amended, restated, extended, supplemented and/or otherwise modified in writing from time to time, the “Credit Agreement”; the terms
defined therein being used herein as therein defined), among BJ’s Wholesale Club, Inc., a Delaware corporation (the “Borrower”), Beacon Holding Inc., a Delaware corporation (“Holdings”), the
Lenders from time to time party thereto, and Nomura Corporate Funding Americas, LLC, as Administrative Agent and as Collateral Agent. Capitalized terms used but not otherwise defined herein shall have the meanings assigned to them in the Credit
Agreement. 
 The Borrower hereby notifies the Administrative Agent that on
            1 pursuant to the terms of Section 2.07 of the Agreement, the Borrower intends to prepay the following
Loans as more specifically set forth below: 
 ☐ Optional prepayment of [Tranche B Term Loans][other Term Loans of any Class] in the
following amount(s) : 
  

	 	☐	 ABR Loans: $        2 

  

	 	☐	 Eurocurrency Loans: $        3 

 Applicable Interest Period:
         
 Delivery of an executed counterpart of a signature page of this notice by fax
transmission or other electronic mail transmission (e.g., “pdf” or “tif”) shall be effective as delivery of a manually executed counterpart of this notice. 

[This notice is conditioned upon the [refinancing of all or a portion of the [Tranche B Term Loans][other Term Loans of any Class]] [the
consummation of any other transaction permitted by the Credit Agreement] and shall be revocable by the Borrower if such refinancing or transaction is not consummated.]4 

 
  

	1 	 Specify date of such prepayment. 

	2 	 Any prepayment of ABR Loans shall be in an aggregate principal amount that is an integral multiple of $1.0
million and not less than $5.0 million, or, if less, the amount outstanding. 

	3 	 Any prepayment of Eurocurrency Loans shall be in in an aggregate principal amount that is an integral 4
multiple of $1.0 million and not less than $5.0 million, or, if less, the amount outstanding. 

	4 	 Include if applicable. 

 

  
 J-1 

 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

 

  
 J-2 

 EXHIBIT H 

 

			
	BJ’S WHOLESALE CLUB, INC.
		
	By:	 	  

		 	Name:
		 	Title:

 EXHIBIT I 

[FORM OF] 
 FIRST
LIEN LIMITED RECOURSE GUARANTY 

  

 
 [FORM OF] FIRST LIEN TERM LIMITED
RECOURSE GUARANTY 
 dated as of 

                 , 2017 

among 
 [RESTRICTED SUBSIDIARY],

 as Limited Guarantor, 
 and

 NOMURA CORPORATE FUNDING AMERICAS, LLC, 

as Administrative Agent 
  

 
  

 Table of Contents 

 

									
	 	 	 	 	 	  	Page	 
	 ARTICLE I
	 	Definitions	  	 	1	 
				
		 	 Section 1.01
	 	First Lien Credit Agreement Definitions	  	 	1	 
		 	 Section 1.02
	 	Other Defined Terms	  	 	1	 
			
	 ARTICLE II
	 	Limited Guarantee	  	 	2	 
				
		 	 Section 2.01
	 	Limited Guarantee	  	 	2	 
		 	 Section 2.02
	 	Guarantee of Payment; Limited Recourse	  	 	2	 
		 	 Section 2.03
	 	No Limitations	  	 	3	 
		 	 Section 2.04
	 	Reinstatement	  	 	4	 
		 	 Section 2.05
	 	Agreement To Pay; Subrogation	  	 	4	 
		 	 Section 2.06
	 	Information	  	 	5	 
			
	 ARTICLE III
	 	Indemnity, Subrogation and Subordination	  	 	5	 
			
	 ARTICLE IV
	 	Miscellaneous	  	 	5	 
				
		 	 Section 4.01
	 	Notices	  	 	5	 
		 	 Section 4.02
	 	Waivers; Amendment	  	 	5	 
		 	 Section 4.03
	 	Administrative Agent’s Fees and Expenses; Indemnification	  	 	7	 
		 	 Section 4.04
	 	Successors and Assigns	  	 	7	 
		 	 Section 4.05
	 	Survival of Agreement	  	 	8	 
		 	 Section 4.06
	 	Counterparts; Effectiveness; Several Agreement	  	 	8	 
		 	 Section 4.07
	 	Severability	  	 	8	 
		 	 Section 4.08
	 	GOVERNING LAW, ETC.	  	 	9	 
		 	 Section 4.09
	 	WAIVER OF RIGHT TO TRIAL BY JURY	  	 	9	 
		 	 Section 4.10
	 	Headings	  	 	10	 
		 	 Section 4.11
	 	Obligations Absolute	  	 	10	 
		 	 Section 4.12
	 	Termination or Release	  	 	10	 
		 	 Section 4.13
	 	Recourse; Limited Obligations	  	 	11	 
		 	 Section 4.14
	 	Intercreditor Agreement	  	 	11	 

  

  
 (i) 

 This FIRST LIEN TERM LIMITED RECOURSE GUARANTY, dated as of
                 , 20[    ], is made by [RESTRICTED SUBSIDIARY], a
[            ] (“Limited Guarantor”), for the benefit of NOMURA CORPORATE FUNDING AMERICAS, LLC, as Administrative Agent for the Secured Parties (as defined below).

 Reference is made to the First Lien Term Loan Credit Agreement, dated as of February 3, 2017 (as amended, extended, supplemented,
amended and restated and/or otherwise modified from time to time, the “First Lien Credit Agreement”), by and among BEACON HOLDINGS INC., a Delaware corporation (“Holdings”), BJ’S WHOLESALE CLUB, INC., a
Delaware corporation (the “Borrower”), the Lenders from time to time party thereto, and NOMURA CORPORATE FUNDING AMERICAS, LLC, as Administrative Agent and Collateral Agent for the Lenders. 

The Lenders have agreed to extend credit to the Borrower subject to the terms and conditions set forth in the First Lien Credit Agreement.
Limited Guarantor is an Affiliate of the Borrower and will derive substantial direct and indirect benefits from the extensions of credit to the Borrower pursuant to the First Lien Credit Agreement and is willing to execute and deliver this Agreement
in order to have induced the Lenders to extend such credit. The Intercreditor Agreement governs the relative rights and priorities of the First Lien Term Secured Parties (as defined in the Intercreditor Agreement), the Second Lien Term Secured
Parties (as defined in the Intercreditor Agreement) and the ABL Secured Parties (as defined in the Intercreditor Agreement) in respect of the Term Priority Collateral (as defined in the Intercreditor Agreement) and the ABL Priority Collateral (as
defined in the Intercreditor Agreement) and with respect to certain other matters as described therein. Accordingly, the parties hereto agree as follows: 

ARTICLE I 
 Definitions

 Section 1.01 First Lien Credit Agreement Definitions. (a) Capitalized terms used in this Agreement, including the
preamble and introductory paragraphs hereto, and not otherwise defined herein have the meanings specified in Section 1.01 of the First Lien Credit Agreement. 

(b) The rules of construction specified in Sections 1.02 through 1.08 (inclusive) of the First Lien Credit Agreement also apply to this
Agreement. 
 Section 1.02 Other Defined Terms. As used in this Agreement, the following terms have the meanings specified
below: 
 “Agreement” means this First Lien Term Limited Recourse Guaranty, as amended, restated, supplement and/or
otherwise modified from time to time. 
 “First Lien Credit Agreement” has the meaning assigned to such term in the
preliminary statement of this Agreement. 

  
 1 

 “Guaranteed Obligations” means, subject to Section 2.02 and
Section 4.13 of this Agreement, the “Obligations” as defined in the First Lien Credit Agreement. 

“Guarantor” means any guarantor of the Guaranteed Obligations other than Limited Guarantor. 

“Mortgage” means the [First Lien Mortgage, Security Agreement, Assignment of Leases, Rents and Profits, Financing Statement
and Fixture Filing dated as of the date hereof and made by Limited Guarantor to Collateral Agent for the benefit of the Secured Parties]. 

“Qualified ECP Guarantor” means, in respect of any Swap Obligation, each Loan Party or Limited Guarantor that has total
assets exceeding $10,000,000 at the time the relevant Guarantee or Limited Recourse Guaranty or grant of the relevant security interest becomes effective with respect to such Swap Obligation or such other person as constitutes an “eligible
contract participant” under the Commodity Exchange Act or any regulations promulgated thereunder and can cause another person to qualify as an “eligible contract participant” at such time by entering into a keepwell under
Section 1a(18)(A)(v)(II) of the Commodity Exchange Act. 
 “Recourse Property” means the [“Mortgaged
Property”] as defined in the Mortgage. 
 “Secured Parties” has the meaning provided in the First Lien Credit
Agreement. 
 ARTICLE II 

Limited Guarantee 

Section 2.01 Limited Guarantee. Subject to Section 2.02 and Section 4.13 of this Agreement, Limited Guarantor
irrevocably, absolutely and unconditionally guarantees, jointly with any Guarantor and severally, as a primary obligor and not merely as a surety, the due and punctual payment and performance of the Guaranteed Obligations, in each case, whether such
Guaranteed Obligations are now existing or hereafter incurred under, arising out of or in connection with any Loan Document, Specified Hedge Agreements or Cash Management Services, and whether at maturity, by acceleration or otherwise. Limited
Guarantor further agrees that the Guaranteed Obligations may be extended, increased or renewed, amended or modified, in whole or in part, without notice to, or further assent from, Limited Guarantor, and that Limited Guarantor will remain bound upon
its guarantee hereunder notwithstanding any such extension, increase, renewal, amendment or modification of any Guaranteed Obligation. Limited Guarantor waives promptness, presentment to, demand of payment from, and protest to, any Guarantor or any
other Loan Party of any of the Guaranteed Obligations, and also waives notice of acceptance of its guarantee and notice of protest for nonpayment. 

Section 2.02 Guarantee of Payment; Limited Recourse. Limited Guarantor further agrees that its guarantee hereunder constitutes a
guarantee of payment when due (whether or not any proceeding under Title 11 of the United States Code, as now constituted or hereinafter amended, or any other federal, state or foreign bankruptcy, insolvency, receivership or similar

  
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law shall have stayed the accrual of collection of any of the Guaranteed Obligations or operated as a discharge thereof) and not of collection. Notwithstanding the foregoing or anything to the
contrary contained herein, any recovery under this Agreement by the Administrative Agent or any other Secured Party shall be strictly limited to the Recourse Property for the payment of any of the Guaranteed Obligations. The obligations of Limited
Guarantor hereunder are independent of the obligations of any Guarantor or the Borrower, and a separate action or actions may be brought and prosecuted against Limited Guarantor whether or not action is brought against any Guarantor or the Borrower
and whether or not any Guarantor or the Borrower be joined in any such action or actions. 
 Section 2.03 No Limitations.
(a) Except for termination or release of Limited Guarantor’s obligations hereunder as expressly provided in Section 4.12, to the fullest extent permitted by applicable law, the obligations of Limited Guarantor hereunder shall
not be subject to any reduction, limitation, impairment or termination for any reason, including any claim of waiver, release, surrender, alteration or compromise, and shall not be subject to any defense or set-off, counterclaim, recoupment or
termination whatsoever by reason of the invalidity, illegality or unenforceability of any of the Guaranteed Obligations, any impossibility in the performance of any of the Guaranteed Obligations, or otherwise. Without limiting the generality of the
foregoing, to the fullest extent permitted by applicable law and except for termination or release of Limited Guarantor’s obligations hereunder in accordance with the terms of Section 4.12 (but without prejudice to
Section 2.04), the obligations of Limited Guarantor hereunder shall not be discharged, impaired or otherwise affected by (i) the failure of the Administrative Agent, any other Secured Party or any other Person to assert any claim or
demand or to enforce any right or remedy under the provisions of any Loan Document or otherwise; (ii) any rescission, waiver, amendment or modification of, or any release from any of the terms or provisions of, any Loan Document or any other
agreement; (iii) the release of, or any impairment of any security held by the Administrative Agent or any other Secured Party for the Guaranteed Obligations other than a release of the Mortgage; (iv) any default, failure or delay, wilful
or otherwise, in the performance of the Guaranteed Obligations; (v) the failure to perfect any security interest in, or the release of, any of the Collateral other than the Mortgage held by or on behalf of the Administrative Agent or any other
Secured Party other than the Mortgage; (vi) any change in the corporate existence, structure or ownership of any Loan Party, the lack of legal existence of the Borrower or any Guarantor or legal obligation to discharge any of the Guaranteed
Obligations by the Borrower or any Guarantor for any reason whatsoever, including, without limitation, in any insolvency, bankruptcy or reorganization of any Loan Party; (vii) the existence of any claim, set-off or other rights that Limited
Guarantor may have at any time against the Borrower, the Administrative Agent, any other Secured Party or any other Person, whether in connection with the First Lien Credit Agreement, the other Loan Documents or any unrelated transaction;
(viii) this Agreement having been determined (on whatsoever grounds) to be invalid, non-binding or unenforceable against Limited Guarantor ab initio or at any time after the Closing Date; or (ix) any other circumstance (including statute
of limitations), any act or omission that may or might in any manner or to any extent vary the risk of Limited Guarantor or otherwise operate as a defense to, or discharge of, the Borrower, any Guarantor or surety as a matter of law or equity (in
each case, other than the payment in full in cash of all the Guaranteed Obligations (excluding contingent obligations as to which no claim has been made)). Limited Guarantor expressly authorizes the applicable Secured Parties, to the extent
permitted by the Mortgage, to take and hold security for the payment and performance of the Guaranteed 

  
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 Obligations, to exchange, waive or release any or all such security (with or without consideration), to
enforce or apply such security and direct the order and manner of any sale thereof in their sole discretion or to release or substitute any one or more guarantors or obligors upon or in respect of the Guaranteed Obligations all without affecting the
obligations of Limited Guarantor hereunder. Anything contained in this Agreement to the contrary notwithstanding, the obligations of Limited Guarantor under this Agreement shall be limited by Section 2.02 and Section 4.13 hereof as well as
to an aggregate amount equal to the largest amount that would not render its obligations under this Agreement subject to avoidance as a fraudulent transfer or conveyance under Section 548 of the Bankruptcy Code of the United States or any
comparable provisions of any similar federal or state law. 
 (b) To the fullest extent permitted by applicable law and except for
termination or release of Limited Guarantor’s obligations hereunder in accordance with the terms of Section 4.12 (but without prejudice to Section 2.04), Limited Guarantor waives any defense based on or arising out of
any defense of the Borrower or any Guarantor or the unenforceability of the Guaranteed Obligations or any part thereof from any cause, or the cessation from any cause of the liability of the Borrower or any Guarantor, other than the payment in full
in cash of all the Guaranteed Obligations (excluding contingent obligations as to which no claim has been made). The Administrative Agent and the other Secured Parties may in accordance with the terms of the Security Documents, at their election,
foreclose on any security held by one or more of them by one or more judicial or nonjudicial sales, accept an assignment of any such security in lieu of foreclosure, compromise or adjust any part of the Guaranteed Obligations, make any other
accommodation with the Borrower or any Guarantor or exercise any other right or remedy available to them against Limited Guarantor, without affecting or impairing in any way the liability of Limited Guarantor hereunder except to the extent the
Guaranteed Obligations have been paid in full in cash (excluding contingent obligations as to which no claim has been made). To the fullest extent permitted by applicable law, Limited Guarantor waives any defense arising out of any such election
even though such election operates, pursuant to applicable law, to impair or to extinguish any right of reimbursement or subrogation or other right or remedy of Limited Guarantor against the Borrower or any Guarantor, as the case may be, or any
security. To the fullest extent permitted by applicable law, Limited Guarantor waives any and all suretyship defenses. 
 Section 2.04
Reinstatement. Notwithstanding anything to the contrary contained in this Agreement, Limited Guarantor agrees that (a) its guarantee hereunder shall continue to be effective or be reinstated, as the case may be, if at any time payment,
or any part thereof, of any Guaranteed Obligation is rescinded or must otherwise be restored by the Administrative Agent or any other Secured Party upon the bankruptcy or reorganization (or any analogous proceeding in any jurisdiction) of the
Borrower or any Guarantor or otherwise and (b) the provisions of this Section 2.04 shall survive the termination of this Agreement. 

Section 2.05 Agreement To Pay; Subrogation. In furtherance of the foregoing and not in limitation of any other right that the
Administrative Agent or any other Secured Party has at law or in equity against Limited Guarantor by virtue hereof, upon the failure of the Borrower, any Guarantor, or any Limited Guarantor to pay any Guaranteed Obligation when and as the same shall
become due, whether at maturity, by acceleration, after notice of prepayment or otherwise, Limited Guarantor hereby promises to the Administrative Agent and Secured Parties 

  
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that Collateral Agent shall be able to exercise its rights with respect to the Recourse Property, with the proceeds thereof to be made available for distribution to the applicable Secured Parties
in the amount of such unpaid Guaranteed Obligation. Upon payment by Limited Guarantor of any sums to the Administrative Agent as provided above, all rights of Limited Guarantor against the Borrower or any Guarantor arising as a result thereof by way
of right of subrogation, contribution, reimbursement, indemnity or otherwise shall in all respects be subject to Article III. 

Section 2.06 Information. Limited Guarantor assumes all responsibility for being and keeping itself informed of the
Borrower’s and each Guarantor’s financial condition and assets, and of all other circumstances bearing upon the risk of nonpayment of the Guaranteed Obligations and the nature, scope and extent of the risks that Limited Guarantor assumes
and incurs hereunder, and agrees that none of the Administrative Agent or the other Secured Parties will have any duty to advise Limited Guarantor of information known to it or any of them regarding such circumstances or risks. 

ARTICLE III 
 Indemnity,
Subrogation and Subordination 
 Upon exercise of the Administrative Agent’s rights in the Recourse Property in payment of any
Guaranteed Obligations, all rights of Limited Guarantor against the Borrower or any Guarantor arising as a result thereof by way of right of subrogation, contribution, reimbursement, indemnity or otherwise shall in all respects be subordinate and
junior in right of payment to the prior payment in full in cash of all the Guaranteed Obligations (excluding contingent obligations as to which no claim has been made) and the termination of all Commitments to the Borrower under the First Lien
Credit Agreement. If any amount shall be paid to the Borrower or Limited Guarantor in violation of the foregoing restrictions on account of (i) such subrogation, contribution, reimbursement, indemnity or similar right or (ii) any such
indebtedness of the Borrower or any Guarantor, such amount shall be held in trust for the benefit of the Secured Parties and shall forthwith be paid to the Administrative Agent to be credited against the payment of the Guaranteed Obligations,
whether matured or unmatured, in accordance with the terms of the First Lien Credit Agreement and the other Loan Documents. 
 ARTICLE IV

 Miscellaneous 

Section 4.01 Notices. All communications and notices hereunder shall (except as otherwise expressly permitted herein) be in
writing and given as provided in Section 10.01 of the First Lien Credit Agreement. All communications and notice hereunder to Limited Guarantor shall be given in care of the Borrower. 

Section 4.02 Waivers; Amendment. (a) No failure by any Secured Party to exercise, and no delay by any such Person in
exercising, any right, remedy, power or privilege hereunder or under any other Loan Document shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further
exercise thereof or the exercise of any other right, remedy, power or privilege. The 

  
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rights, remedies, powers and privileges herein provided, and provided under each other Loan Document, are cumulative and not exclusive of any rights, remedies, powers and privileges provided by
law. No waiver of any provision of any Loan Document or consent to any departure by any Loan Party therefrom shall in any event be effective unless the same shall be permitted by paragraph (b) of this Section 4.02, and then such
waiver or consent shall be effective only in the specific instance and for the purpose for which given. 
 (b) Subject to the Intercreditor
Agreement, neither this Agreement nor any provision hereof may be waived, amended or modified except pursuant to an agreement or agreements in writing entered into by the Administrative Agent and the Loan Party or Loan Parties with respect to which
such waiver, amendment or modification is to apply, subject to any consent required in accordance with Section 10.08 of the First Lien Credit Agreement. 

Section 4.03 Administrative Agent’s Fees and Expenses; Indemnification. (a) Subject to Section 2.02 and
Section 4.13 of this Agreement, Limited Guarantor, jointly with the other Guarantors and severally, agrees to reimburse the Administrative Agent for its fees and expenses incurred hereunder to the extent provided in Section 10.05(1) of the
First Lien Credit Agreement; provided that each reference therein to the “Borrower” shall be deemed to be a reference to “Limited Guarantor”. 

(b) Subject to Section 2.02 and Section 4.13 of this Agreement, without limitation of the indemnification obligations under the
other Loan Documents, but without duplication of amounts paid by the Borrower pursuant to Section 10.05 of the First Lien Credit Agreement, Limited Guarantor, jointly with the other Guarantors and severally, agrees to indemnify the
Administrative Agent, the Collateral Agent, the Arrangers, each Lender and the other Indemnitees against, and hold each Indemnitee harmless from, any and all liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments,
suits, costs, expenses and disbursements (including Attorney Costs) of any kind or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating to or arising out of or in connection
with (but limited, in the case of legal fees and expenses, to the Attorney Costs of one counsel to all Indemnitees taken as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant
jurisdiction that is material to the interest of such Indemnitees (which may be a single local counsel acting in multiple material jurisdictions), and solely in the case of an actual conflict of interest where the Indemnitee affected by such
conflict of interest informs the Borrower in writing of such conflict of interest, one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) (a) the execution, delivery,
enforcement, performance or administration of this Agreement or any other agreement, letter or instrument delivered in connection with the transactions contemplated hereby or the consummation of the transactions contemplated hereby (including the
reliance in good faith by any Indemnitee on any notice purportedly given by or on behalf of the Borrower or Limited Guarantor), (b) any actual or alleged presence or release of Hazardous Materials on or from any property currently or formerly
owned or operated by Limited Guarantor, or any Environmental Liability arising out of the activities or operations of Limited Guarantor, or (c) any actual or prospective claim, litigation, investigation or proceeding relating to any of the
foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and

  
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regardless of whether any Indemnitee is a party thereto (all the foregoing, collectively, the “Guarantor Indemnified Liabilities”); provided that such indemnity shall not, as to
any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (w) the gross negligence, bad faith, or
willful misconduct of such Indemnitee or of any Related Party, (x) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Party as determined by a final, non-appealable judgment of a court of competent
jurisdiction, (y) any dispute solely among Indemnitees or of any Related Party other than any claims against an Indemnitee in its capacity or in fulfilling its role as the Administrative Agent or an Arranger under the Facility and other than
any claims arising out of any act or omission of the Borrower or any of its Affiliates or (z) any settlement entered into by any Indemnitee or of any Related Party of such Indemnitee in respect of any Guarantor Indemnified Liability, in each
case, without each Guarantor’s (or the Borrower’s, on behalf of each Guarantor) prior written consent (such consent not to be unreasonably withheld or delayed), but, if such settlement occurs with Guarantor’s (or the Borrower’s
on behalf of each Guarantor) written consent or if there is a final judgment for the plaintiff in any action or claim with respect to any of the foregoing, the Guarantor shall be liable for such settlement or for such final judgment. To the extent
that the undertakings to indemnify and hold harmless set forth in this Section 4.03(b) may be unenforceable in whole or in part because they are violative of any applicable law or public policy, Limited Guarantor shall jointly with the
other Guarantors and severally contribute the maximum portion that it is permitted to pay and satisfy under applicable law to the payment and satisfaction of all Guarantor Indemnified Liabilities incurred by the Indemnitees or any of them. No
Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems in connection with this Agreement, except to the extent
resulting from the willful misconduct, bad faith or gross negligence of such Indemnitee or any Related Party (as determined by a final and non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee, Limited Guarantor or
any other Guarantor have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after
the Closing Date) (other than, in the case of Limited Guarantor or any other Guarantor, in respect of any such damages incurred or paid by an Indemnitee to a third party). In the case of an investigation, litigation or other proceeding to which the
indemnity in this Section 4.03(b) applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by Limited Guarantor or any other Guarantor, their respective directors, stockholders or
creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. This
Section 4.03(b) shall not apply to Taxes, Other Taxes, taxes covered by Section 2.12 of the First Lien Credit Agreement or Excluded Taxes, except it shall apply to any taxes (other than taxes imposed on or measured by net income
(however denominated, and including branch profits and similar taxes) and franchise or similar taxes) that represent losses, claims, damages, etc. arising from a non-tax claim (including a value added tax or similar tax charged with respect to the
supply of legal or other services). 
 (c) Any such amounts payable as provided hereunder shall be additional Guaranteed Obligations
guaranteed hereby and secured by the Security Documents. The provisions of this Section 4.03 shall remain operative and in full force and effect regardless of 

  
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the termination of this Agreement, any other Loan Document, any Specified Hedge Agreement or any Cash Management Services agreement, the consummation of the transactions contemplated hereby, the
repayment of any of the Guaranteed Obligations, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document, any resignation of the Administrative Agent or the Collateral Agent or any document governing
any of the Obligations arising under any Specified Hedge Agreements or any Cash Management Services, or any investigation made by or on behalf of the Administrative Agent or any other Secured Party. All amounts due under this Section 4.03 shall
be payable within twenty (20) Business Days after written demand therefor. 
 Section 4.04 Successors and Assigns. Whenever
in this Agreement any of the parties hereto is referred to, such reference shall be deemed to include the permitted successors and assigns of such party; and all covenants, promises and agreements by or on behalf of Limited Guarantor or any Secured
Party that are contained in this Agreement shall bind and inure to the benefit of their respective permitted successors and assigns. Limited Guarantor may not assign any of its rights or obligations hereunder without the written consent of the
Administrative Agent. 
 Section 4.05 Survival of Agreement. All covenants, agreements, indemnities, representations and
warranties made by Limited Guarantor in any Loan Document to which it is a party or in any certificates or other instruments delivered in connection with or pursuant to this Agreement or any other Loan Document to which it is a party shall be
considered to have been relied upon by the Secured Parties and shall survive the execution and delivery of any Loan Document to which it is a party and the making of any Loans, regardless of any investigation made by any Secured Party or on its
behalf and notwithstanding that any Secured Party may have had notice or knowledge of any Default or Event of Default or incorrect representation or warranty at the time any credit is extended under the First Lien Credit Agreement or any Loan
Document to which it is a party, and shall continue in full force and effect until this Agreement is terminated as provided in Section 4.12 hereof. 

Section 4.06 Counterparts; Effectiveness; Several Agreement. This Agreement may be executed in counterparts (and by different
parties hereto in different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Agreement shall become effective when it shall have been executed by Limited
Guarantor and the Administrative Agent and thereafter shall be binding upon and inure to the benefit of Limited Guarantor, the Administrative Agent, the other Secured Parties and their respective permitted successors and assigns, subject to
Section 4.04 hereof. Delivery of an executed counterpart of a signature page of this Agreement by telecopy or other electronic imaging means (including in .pdf format via electronic mail) shall be effective as delivery of a manually executed
counterpart of this Agreement. 
 Section 4.07 Severability. If any provision of this Agreement is held to be illegal, invalid
or unenforceable, (a) the legality, validity and enforceability of the remaining provisions of this Agreement shall not be affected or impaired thereby and (b) the parties shall endeavor in good faith negotiations to replace the illegal,
invalid or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the 

  
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illegal, invalid or unenforceable provisions. The invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

 Section 4.08 GOVERNING LAW, ETC. (a) THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF
THE STATE OF NEW YORK. 
 (b) LIMITED GUARANTOR AND ADMINISTRATIVE AGENT EACH IRREVOCABLY AND UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS
PROPERTY, TO THE EXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK CITY IN THE BOROUGH OF MANHATTAN AND OF THE UNITED STATES DISTRICT COURT OF THE SOUTHERN DISTRICT OF NEW YORK, AND ANY APPELLATE COURT FROM ANY
THEREOF, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT, OR FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, AND EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION
OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEW YORK STATE COURT OR, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN SUCH FEDERAL COURT. EACH OF THE PARTIES HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING SHALL BE
CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. EACH PARTY HERETO AGREES THAT ADMINISTRATIVE AGENT AND THE OTHER SECURED PARTIES RETAIN THE RIGHT TO SERVE PROCESS IN ANY OTHER
MANNER PERMITTED BY LAW OR TO BRING PROCEEDINGS AGAINST ANY LOAN PARTY IN THE COURTS OF ANY OTHER JURISDICTION IN CONNECTION WITH THE EXERCISE OF ANY RIGHTS UNDER THIS AGREEMENT OR THE ENFORCEMENT OF ANY JUDGMENT. 

(c) LIMITED GUARANTOR AND ADMINISTRATIVE AGENT EACH IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW,
ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT IN ANY COURT REFERRED TO IN PARAGRAPH (b) OF THIS SECTION. EACH OF THE PARTIES HERETO HEREBY
IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION OR PROCEEDING IN ANY SUCH COURT. 

Section 4.09 WAIVER OF RIGHT TO TRIAL BY JURY. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY
APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH
PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT 

  
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SUCH OTHER PERSON WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS
AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 
 Section 4.10 Headings. Article and
Section headings and the Table of Contents used herein are for convenience of reference only, are not part of this Agreement and are not to affect the construction of, or to be taken into consideration in interpreting, this Agreement. 

Section 4.11 Obligations Absolute. All rights of the Administrative Agent and the other Secured Parties hereunder and all
obligations of Limited Guarantor hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the First Lien Credit Agreement, any other Loan Document, any agreement with respect to any of the
Guaranteed Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Guaranteed Obligations, or any other amendment
or waiver of or any consent to any departure from the First Lien Credit Agreement, any other Loan Document, or any other agreement or instrument, (c) any release or amendment or waiver of or consent under or departure from any guarantee
guaranteeing all or any of the Guaranteed Obligations or (d) subject only to termination or release of Limited Guarantor’s obligations hereunder in accordance with the terms of Section 4.12, but without prejudice to reinstatement
rights under Section 2.04, any other circumstance that might otherwise constitute a defense available to, or a discharge of, Limited Guarantor in respect of the Guaranteed Obligations or this Agreement. 

Section 4.12 Termination or Release. (a) This Agreement and the guarantee made herein shall terminate with respect to all
Guaranteed Obligations when either of the following has occurred: 
 (1)(A) all Commitments have expired or been terminated and the
Lenders have no further commitment to lend under the First Lien Credit Agreement, and (B) all principal and interest in respect of each Term Loan and all other Guaranteed Obligations (other than (i) contingent indemnification obligations
with respect to then unasserted claims and (ii) Guaranteed Obligations in respect of Obligations that may thereafter arise with respect to any Specified Hedge Agreement or any Cash Management Services agreement, in each case, not yet due and
payable, unless the Administrative Agent has received written notice, at least two (2) Business Days prior to the proposed date of any such termination, stating that arrangements reasonably satisfactory to each applicable Qualified Counterparty
or Cash Management Bank, as the case may be, in respect thereof have not been made) shall have been paid in full in cash, provided, however, that in connection with the termination of this Agreement under this subclause (1), the
Administrative Agent may require such indemnities as it shall reasonably deem necessary or appropriate to protect the Secured Parties against (x) loss on account of credits previously applied to the Guaranteed Obligations that may subsequently
be reversed or revoked, and (y) any Obligations that may thereafter arise with respect to the Specified Hedge Agreements or Cash Management Obligations to the extent not provided for thereunder; or

  
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 (2) the Mortgage is released by Collateral Agent in accordance with the terms of the First
Lien Credit Agreement or the Mortgage. 
 (b) Limited Guarantor shall automatically be released hereunder in the circumstances set forth in
Section 10.18 of the First Lien Credit Agreement, as though Limited Guarantor were a “Subsidiary Loan Party” and this Agreement were a “Guaranty Agreement” each as defined thereunder. 

(c) In connection with any termination or release pursuant to clauses (a) or (b) above, the Administrative Agent shall promptly
execute and deliver to Limited Guarantor, at Limited Guarantor’s expense, all documents that Limited Guarantor shall reasonably request to evidence such termination or release. Any execution and delivery of documents pursuant to this
Section 4.12 shall be without recourse to or warranty by the Administrative Agent. 
 (d) At any time that Limited Guarantor
desires that the Administrative Agent take any of the actions described in immediately preceding clause (c), it shall, upon request of the Administrative Agent, deliver to the Administrative Agent an officer’s certificate certifying that the
release of the respective Limited Guarantor is permitted pursuant to clause (a) or (b) above. The Administrative Agent shall have no liability whatsoever to any Secured Party as a result of any release of Limited Guarantor by it as
permitted (or which the Administrative Agent in good faith believes to be permitted) by this Section 4.12. 
 Section 4.13
Recourse; Limited Obligations. This Agreement is made with recourse limited only to the Recourse Property, and the proceeds thereof, and pursuant to and upon all the warranties, representations, covenants and agreements on the part of Limited
Guarantor contained herein and otherwise in writing in connection herewith or therewith. It is the desire and intent of Limited Guarantor and each applicable Secured Party that this Agreement shall be enforced against Limited Guarantor subject to
Section 2.02 and this Section 4.13 to the fullest extent permissible under applicable law applied in each jurisdiction in which enforcement is sought. 

Section 4.14 Intercreditor Agreement. Limited Guarantor and the Administrative Agent acknowledge that the exercise of certain of
the Administrative Agent’s rights and remedies hereunder may be subject to, and restricted by, the provisions of the Intercreditor Agreement. Except as specified herein, nothing contained in the Intercreditor Agreement shall be deemed to modify
any of the provisions of this Agreement, which, as among Limited Guarantor and the Administrative Agent shall remain in full force and effect. 

Section 4.15 [Keepwell. To the extent that the Limited Guarantor is a Qualified ECP Guarantor, and subject to Section 2.02
and Section 4.13 of this Agreement, it hereby absolutely, unconditionally and irrevocably undertakes to provide such funds or other support as may be needed from time to time by each Loan Party and each other Limited Guarantor, as the case may
be, to honor all of its obligations under this Agreement, the Guaranty or the Limited Recourse Guaranty of such other Limited Guarantor in respect of Swap Obligations (provided, however, that the Limited Guarantor, to the extent that it is a
Qualified ECP Guarantor, shall only be liable under this Section 4.15 for the maximum amount of such liability that can be hereby incurred without rendering its obligations under this Section 4.15, or otherwise under this

  
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Agreement, as it relates to such Loan Party or such other Limited Guarantor, voidable under applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater
amount). The obligations of the Limited Guarantor, to the extent that it is a Qualified ECP Guarantor, under this Section 4.15 shall remain in full force and effect until the termination of this Agreement pursuant to its terms. The Limited
Guarantor, to the extent that it is a Qualified ECP Guarantor, intends that this Section 4.15 constitutes, and this Section 4.15 shall be deemed to constitute, a “keepwell, support, or other agreement” for the benefit of each
Loan Party and each other Limited Guarantor for all purposes of Section 1a(18)(A)(v)(II) of the Commodity Exchange Act.] 
 [Signature
Pages Follow] 

  
 12 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed by
their respective authorized officers as of the day and year first above written. 
  

			
	LIMITED GUARANTOR:
	
	[RESTRICTED SUBSIDIARY]

 
			
		
	By:	 	  

		 	Name:
		 	Title:

  

 
			
	ADMINISTRATIVE AGENT:
	
	NOMURA CORPORATE FUNDING AMERICAS, LLC, as Administrative Agent

 
			
		
	By:	 	  

		 	Name:
		 	Title:

  

 EXHIBIT J 

[FORM OF] 
 FIRST LIEN
TERM LOAN SECURITY AGREEMENT 

 EXECUTION VERSION 
  

 
  

TERM LOAN SECURITY AGREEMENT 

dated as of February 3, 2017 

among 
 BJ’S WHOLESALE CLUB,
INC., 
 as the Borrower, 

BEACON HOLDING INC. 
 as Holdings,

 THE SUBSIDIARY GUARANTORS PARTY HERETO FROM TIME TO TIME, 

and 
 NOMURA CORPORATE FUNDING
AMERICAS, LLC, 
 as Collateral Agent 
  

 
  

  

					
		  		  	Security Agreement (First Lien)

 Table of Contents 

 

									
	 	 	 	  	 	  	Page	 
	 ARTICLE I Definitions
	  	 	1	 
				
		 	 Section 1.01
	  	First Lien Credit Agreement	  	 	1	 
		 	 Section 1.02
	  	Other Defined Terms	  	 	2	 
		
	 ARTICLE II Pledge of Securities
	  	 	7	 
				
		 	 Section 2.01
	  	Pledge	  	 	7	 
		 	 Section 2.02
	  	Delivery of the Pledged Collateral	  	 	8	 
		 	 Section 2.03
	  	Representations, Warranties and Covenants	  	 	9	 
		 	 Section 2.04
	  	Certification of Limited Liability Company and Limited Partnership Interests	  	 	11	 
		 	 Section 2.05
	  	Registration in Nominee Name; Denominations	  	 	11	 
		 	 Section 2.06
	  	Voting Rights; Dividends and Interest	  	 	12	 
		 	 Section 2.07
	  	Collateral Agent Not a Partner or Limited Liability Company Member	  	 	14	 
		
	 ARTICLE III Security Interests in Personal Property
	  	 	14	 
				
		 	 Section 3.01
	  	Security Interest	  	 	14	 
		 	 Section 3.02
	  	Representations and Warranties	  	 	17	 
		 	 Section 3.03
	  	Covenants	  	 	20	 
		 	 Section 3.04
	  	Other Actions	  	 	22	 
		
	 ARTICLE IV Special Provisions Concerning IP Collateral
	  	 	24	 
				
		 	 Section 4.01
	  	Grant of License to Use Intellectual Property	  	 	24	 
		 	 Section 4.02
	  	Protection of Collateral Agent’s Security	  	 	25	 
		
	 ARTICLE V Remedies
	  	 	26	 
				
		 	 Section 5.01
	  	Remedies Upon Default	  	 	26	 
		 	 Section 5.02
	  	Application of Proceeds	  	 	29	 
		
	 ARTICLE VI Indemnity, Subrogation and Subordination
	  	 	30	 
		
	 ARTICLE VII Miscellaneous
	  	 	31	 
				
		 	 Section 7.01
	  	Notices	  	 	31	 
		 	 Section 7.02
	  	Waivers; Amendment	  	 	31	 
		 	 Section 7.03
	  	Collateral Agent’s Fees and Expenses; Indemnification	  	 	32	 
		 	 Section 7.04
	  	Successors and Assigns	  	 	33	 
		 	 Section 7.05
	  	Survival of Agreement	  	 	33	 
		 	 Section 7.06
	  	Counterparts; Effectiveness; Several Agreement	  	 	34	 
		 	 Section 7.07
	  	Severability	  	 	34	 

  

  

					
		  	(i)	  	Security Agreement (First Lien)

 Table of Contents 

(continued) 
  

									
	 	 	 	  	 	  	Page	 
		 	Section 7.08	  	GOVERNING LAW, ETC.	  	 	34	 
		 	Section 7.09	  	WAIVER OF RIGHT TO TRIAL BY JURY	  	 	35	 
		 	Section 7.10	  	Headings	  	 	35	 
		 	Section 7.11	  	Security Interest Absolute	  	 	35	 
		 	Section 7.12	  	Termination or Release	  	 	36	 
		 	Section 7.13	  	Additional Restricted Subsidiaries	  	 	37	 
		 	Section 7.14	  	Collateral Agent Appointed Attorney-in-Fact	  	 	37	 
		 	Section 7.15	  	General Authority of the Collateral Agent	  	 	38	 
		 	Section 7.16	  	Collateral Agent’s Duties	  	 	38	 
		 	Section 7.17	  	Recourse; Limited Obligations	  	 	38	 
		 	Section 7.18	  	Mortgages	  	 	39	 
		 	Section 7.19	  	Intercreditor Agreement	  	 	39	 
		 	Section 7.20	  	Right of Setoff	  	 	40	 

  

							
	 SCHEDULES
	  
	  	
			
	 Schedule I
	  	 	—	 	  	Subsidiary Loan Parties
	 Schedule II
	  	 	—	 	  	Pledged Equity; Pledged Debt
	 Schedule III
	  	 	—	 	  	Commercial Tort Claims
	 Schedule IV
	  	 	—	 	  	UCC Filing Offices
		
	 EXHIBITS
	  
	  	
			
	 Exhibit I
	  	 	—	 	  	Form of Security Agreement Supplement
	 Exhibit II
	  	 	—	 	  	Form of Perfection Certificate
	 Exhibit III
	  	 	—	 	  	Form of Trademark Security Agreement
	 Exhibit IV
	  	 	—	 	  	Form of Patent Security Agreement
	 Exhibit V
	  	 	—	 	  	Form of Copyright Security Agreement

  

  

					
		  	(ii)	  	Security Agreement (First Lien)

 This SECURITY AGREEMENT, dated as of February 3, 2017 (as amended, restated, amended
and restated, supplemented and/or otherwise modified from time to time, this “Agreement”), among BJ’S WHOLESALE CLUB, INC., a Delaware corporation (the “Borrower”), BEACON HOLDING INC., a Delaware corporation
(“Holdings”), the Subsidiary Loan Parties set forth on Schedule I hereto and NOMURA CORPORATE FUNDING AMERICAS, LLC, as Collateral Agent for the Secured Parties (as defined below). 

Reference is made to the First Lien Term Loan Credit Agreement, dated as of February 3, 2017 (as amended, restated, amended and restated,
supplemented and/or otherwise modified from time to time, the “First Lien Credit Agreement”), among the Borrower, Holdings, the Lenders party thereto from time to time and NOMURA CORPORATE FUNDING AMERICAS, LLC, as Administrative
Agent for the Lenders and Collateral Agent for the Secured Parties. 
 The Lenders have agreed to extend credit to the Borrower subject to
the terms and conditions set forth in the First Lien Credit Agreement, the Qualified Counterparties have agreed to enter into and/or maintain one or more Specified Hedge Agreements and the Cash Management Banks have agreed to enter into and/or
maintain Cash Management Services, on the terms and conditions set forth in the First Lien Credit Agreement, in such Specified Hedge Agreements and in such Cash Management Services agreements, as applicable. The obligations of the Lenders to extend
such credit, the obligation of the Qualified Counterparties to enter into and/or maintain such Specified Hedge Agreements and the obligation of the Cash Management Banks to enter into and/or maintain such Cash Management Services are, in each case,
conditioned upon, among other things, the execution and delivery of this Agreement by each Grantor (as defined below). The Grantors are Affiliates of one another, will derive substantial direct and indirect benefits from (i) the extensions of
credit to the Borrower pursuant to the First Lien Credit Agreement, (ii) the entering into and/or maintaining by the Qualified Counterparties of Specified Hedge Agreements with the Borrower and/or one or more of its Restricted Subsidiaries, and
(iii) the entering into and/or maintaining by the Cash Management Banks of Cash Management Services with the Borrower and/or one or more of its Restricted Subsidiaries, and are willing to execute and deliver this Agreement in order to induce
the Lenders to extend such credit, the Qualified Counterparties to enter into and/or maintain such Specified Hedge Agreements and the Cash Management Banks to enter into and/or maintain such Cash Management Services. The Intercreditor Agreement
governs the relative rights and priorities of the Secured Parties, the Second Lien Term Secured Parties (as defined below) and the ABL Secured Parties (as defined below) in respect of the Term Priority Collateral (as defined below) and the ABL
Priority Collateral (as defined below) and with respect to certain other matters as described therein. Accordingly, the parties hereto agree as follows: 

ARTICLE I 
 Definitions

 Section 1.01 First Lien Credit Agreement. (a) Capitalized terms used in this Agreement, including the preamble and
introductory paragraphs hereto, and not otherwise defined herein have the meanings specified in the First Lien Credit Agreement. 
  

  

					
		  	1	  	Security Agreement (First Lien)

 (b) Unless otherwise defined in this Agreement or in the First Lien Credit Agreement, terms
defined in Article 8 or 9 of the UCC (as defined below) are used in this Agreement as such terms are defined in such Article 8 or 9. 
 (c)
The rules of construction specified in Sections 1.02 through 1.08 (inclusive) of the First Lien Credit Agreement also apply to this Agreement. 

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

“ABL Agent” has the meaning assigned such term in the Intercreditor Agreement. 

“ABL Documents” has the meaning assigned such term in the Intercreditor Agreement. 

“ABL Priority Collateral” has the meaning assigned to such term in the Intercreditor Agreement. 

“ABL Secured Parties” has the meaning assigned such term in the Intercreditor Agreement. 

“Accommodation Payment” has the meaning assigned to such term in Article VI. 

“Account(s)” means “accounts” as defined in Section 9-102 of the UCC, and also means a right to payment of a
monetary obligation, whether or not earned by performance, (a) for property that has been or is to be sold, leased, licensed, assigned, or otherwise disposed of, (b) for services rendered or to be rendered, or (c) arising out of the
use of a credit or charge card or information contained on or for use with the card. 
 “Account Debtor” means any Person
who is or who may become obligated to any Grantor under, with respect to or on account of an Account. 
 “After-Acquired
Intellectual Property” has the meaning assigned to such term in Section 4.02(f). 
 “Agreement” has
the meaning assigned to such term in the introductory paragraph hereto. 
 “Allocable Amount” has the meaning assigned to
such term in Article VI. 
 “Article 9 Collateral” has the meaning assigned to such term in
Section 3.01(a). 
 “Attorney Costs” means all reasonable and documented in reasonable detail fees, expenses
and disbursements of any law firm or other external legal counsel. 
 “Bankruptcy Event of Default” means any Event of
Default under Section 8.01(9) of the First Lien Credit Agreement. 
  

  

					
		  	2	  	Security Agreement (First Lien)

 “Blue Sky Laws” has the meaning assigned to such term in
Section 5.01. 
 “Borrower” has the meaning assigned to such term in the introductory paragraph to this
Agreement. 
 “Closing Date Grantor” has the meaning assigned to such term in Section 2.02. 

“Collateral” means the Article 9 Collateral and the Pledged Collateral. 

“Collateral Account” means any cash collateral account, which cash collateral account shall be established by the Collateral
Agent for the benefit of the relevant Secured Parties in accordance with the First Lien Credit Agreement. 
 “Copyright
License” means any written agreement, now or hereafter in effect, granting any right to any third party under any Copyright now or hereafter owned by any Grantor or that such Grantor otherwise has the right to license, or granting any right
to any Grantor under any Copyright now or hereafter owned by any third party, and all rights of such Grantor under any such agreement. 

“Copyrights” means all of the following now owned or hereafter acquired by or assigned to any Grantor: (a) all copyright
rights in any work subject to the copyright laws of the United States or any other country, whether as author, assignee, transferee or otherwise, whether registered or unregistered and whether published or unpublished, (b) all registrations and
applications for registration of any such copyright in the United States or any other country, including registrations, recordings, supplemental registrations and pending applications for registration in the United States Copyright Office, including
those listed on Schedule II(B)(1) to the Perfection Certificate and all: (i) rights and privileges arising under applicable law with respect to such Grantor’s use of such copyrights, (ii) reissues, renewals, and extensions thereof and
amendments thereto, (iii) income, fees, royalties, damages, claims and payments now or hereafter due and/or payable with respect thereto, including damages and payments for past, present or future infringements thereof, (iv) rights
corresponding thereto throughout the world and (v) rights to sue for past, present or future infringements thereof. 
 “Debtor
Relief Laws” shall mean the Bankruptcy Code of the United States, and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or
similar debtor relief Laws of the United States or other applicable jurisdictions from time to time in effect and affecting the rights of creditors generally. 

“Discharge of ABL Obligations” has the meaning assigned to such term in the Intercreditor Agreement. 

“Domain Names” means all Internet domain names and associated URL addresses in or to which any Grantor now or hereafter has
any right, title or interest. 
 “Equipment” shall mean (x) any “equipment” as such term is defined in
Article 9 of the UCC and in any event, shall include, but shall not be limited to, all machinery, equipment, furnishings, appliances, furniture, fixtures, tools, and vehicles now or hereafter owned by any 

 

  

					
		  	3	  	Security Agreement (First Lien)

 
Grantor in each case, regardless of whether characterized as equipment under the UCC and (y) and any and all additions, substitutions and replacements of any of the foregoing and all
accessions thereto, wherever located, whether or not at any time of determination incorporated or installed therein or attached thereto, and all replacements therefore, together with all attachments, components, parts, equipment and accessories
installed thereon or affixed thereto. 
 “Excluded Equity Interests” has the meaning assigned to such term in
Section 2.01 of this Agreement. 
 “Excluded Property” has the meaning assigned to such term in
Section 3.01 of this Agreement. 
 “First Lien Credit Agreement” has the meaning assigned to such term in the
preliminary statement of this Agreement. 
 “General Intangibles” has the meaning provided in Article 9 of the UCC and
shall in any event include all choses in action and causes of action and all other intangible personal property of every kind and nature (other than Accounts) now owned or hereafter acquired by any Grantor, as the case may be, including corporate or
other business records, indemnification claims, contract rights (including rights under leases, whether entered into as lessor or lessee, Hedge Agreements and other agreements), rights to the payment of Money, rights to the payment of insurance
claims, rights to the payment of proceeds, goodwill, registrations, franchises, tax refund claims and any letter of credit, guarantee, claim, security interest or other security held by or granted to any Grantor, including, without limitation, all
Payment Intangibles constituting amounts due or to become due arising out of the use of a credit card, debit card, or charge card. 

“Grant of Security Interest” means a Grant of Security Interest in certain IP Collateral substantially in the form of
Exhibit III, IV or V attached hereto. 
 “Grantor” means the Borrower and each Guarantor. 

“Holdings” has the meaning assigned to such term in the introductory paragraph hereto. 

“Intellectual Property” means all intellectual and similar property of every kind and nature now owned, licensed or hereafter
acquired by any Grantor, including: inventions, designs, Patents, Copyrights, Licenses, Trademarks, Domain Names, trade secrets, confidential or proprietary technical and business information, know how, show how or other data or information,
software, databases, all other proprietary information and all embodiments or fixations thereof and related documentation, registrations and all additions, improvements and accessions to, and books and records describing or used in connection with,
any of the foregoing. 
 “IP Collateral” means the Collateral consisting of Intellectual Property. 

“License” means any Patent License, Trademark License, Copyright License or other license or sublicense agreement granting
rights under Intellectual Property to which any Grantor is a party. 
  

  

					
		  	4	  	Security Agreement (First Lien)

 “Patent License” means any written agreement, now or hereafter in effect,
granting to any third party any right to develop, commercialize, import, make, have made, offer for sale, use or sell any invention on which a Patent, now or hereafter owned by any Grantor or that any Grantor otherwise has the right to license, is
in existence, or granting to any Grantor any such right with respect to any invention on which a Patent, now or hereafter owned by any third party, is in existence, and all rights of any Grantor under any such agreement. 

“Patents” means all of the following now owned or hereafter acquired by any Grantor: (a) all letters patent of the
United States or the equivalent thereof in any other country, all registrations and recordings thereof, and all applications for letters patent of the United States or the equivalent thereof in any other country, including registrations, recordings
and pending applications in the United States Patent and Trademark Office or any similar offices in any other country, including those listed on Schedule II(B)(2) to the Perfection Certificate, and (b) all (i) rights and privileges arising
under applicable law with respect to such Grantor’s use of any patents, (ii) inventions and improvements described and claimed therein, (iii) reissues, divisions, continuations, renewals, extensions and continuations-in-part thereof
and amendments thereto, (iv) income, fees, royalties, damages, claims and payments now or hereafter due and/or payable with respect to any of the foregoing including damages and payments for past, present or future infringements thereof,
(v) rights corresponding thereto throughout the world and (vi) rights to sue for past, present or future infringements thereof. 

“Perfection Certificate” means a certificate substantially in the form of Exhibit II, completed and supplemented with
the schedules and attachments contemplated thereby, and duly executed by a Responsible Officer of the Borrower. 
 “Pledged
Collateral” has the meaning assigned to such term in Section 2.01. 
 “Pledged Debt” has the meaning
assigned to such term in Section 2.01. 
 “Pledged Equity” has the meaning assigned to such term in
Section 2.01. 
 “Pledged Securities” means any promissory notes, stock certificates, unit certificates,
limited or unlimited liability membership certificates or other Securities or Instruments now or hereafter included in the Pledged Collateral, including all Pledged Equity, Pledged Debt and all other certificates, instruments or other documents
representing or evidencing any Pledged Collateral. 
 “Second Lien Term Agent” has the meaning assigned to such term in the
Intercreditor Agreement. 
 “Second Lien Term Documents” has the meaning assigned to such term in the Intercreditor
Agreement. 
 “Second Lien Term Secured Parties” has the meaning assigned to such term in the Intercreditor Agreement. 

“Secured Obligations” means the “Obligations” as defined in the First Lien Credit Agreement; it being acknowledged
and agreed that the term “Secured Obligations” as used 
  

  

					
		  	5	  	Security Agreement (First Lien)

 
herein shall include each extension of credit under the First Lien Credit Agreement and all obligations of the Loan Parties and their respective Subsidiaries which arise under the Loan Documents
(including the Guaranty Agreement) and obligations of the Loan Parties and their respective Subsidiaries in respect of Specified Hedge Agreements and Cash Management Obligations, in each case, whether outstanding on the date of this Agreement or
extended or arising from time to time after the date of this Agreement; provided that the term “Secured Obligations” as used herein shall not, in any event, include any Excluded Swap Obligations. 

“Secured Parties” has the meaning assigned to such term in the First Lien Credit Agreement. 

“Securities Act” has the meaning assigned to such term in Section 5.01. 

“Security” means a “security” as such term is defined in Article 8 of the UCC and, in any event, shall include 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. 
 “Security Agreement Supplement” means an
instrument substantially in the form of Exhibit I hereto. 
 “Security Interest” has the meaning assigned to such
term in Section 3.01(a). 
 “Term Priority Collateral” has the meaning assigned to such term in the
Intercreditor Agreement. 
 “Trademark License” means any written agreement, now or hereafter in effect, granting to any
third party any right to use any Trademark now or hereafter owned by any Grantor or that any Grantor otherwise has the right to license, or granting to any Grantor any right to use any Trademark now or hereafter owned by any third party, and all
rights of any Grantor under any such agreement (not including vendor or distribution agreements that allow incidental use of intellectual property rights in connection with the sale or distribution of such products or services). 

“Trademarks” means all of the following now owned or hereafter acquired by any Grantor: (a) all trademarks, service
marks, trade names, corporate names, company names, business names, fictitious business names, trade styles, trade dress, logos, other source or business identifiers, designs and general intangibles of like nature, the goodwill of the business
symbolized thereby or associated therewith, all registrations and recordings thereof, and all registration and recording applications filed in connection therewith, including registrations and registration applications in the United States Patent
and Trademark Office or any similar offices in any State of the United States or any other country or any political subdivision thereof, and all extensions or renewals thereof, including those listed on Schedule II(B)(3) to the Perfection 

 

  

					
		  	6	  	Security Agreement (First Lien)

 
Certificate, (b) all rights and privileges arising under applicable law with respect to such Grantor’s use of any trademarks, (c) all extensions and renewals thereof and amendments
thereto, (d) all income, fees, royalties, damages and payments now and hereafter due and/or payable with respect to any of the foregoing, including damages, claims and payments for past, present or future infringements thereof, (e) all
rights corresponding thereto throughout the world and (f) all rights to sue for past, present and future infringements or dilutions thereof or other injuries thereto. 

“UCC” means the Uniform Commercial Code as in effect from time to time in the State of New York; provided that, if by
reason of mandatory provisions of law, perfection, or the effect of perfection or non-perfection or the priority of a security interest in any Collateral or the availability of any remedy hereunder is governed by the Uniform Commercial Code as in
effect in a jurisdiction other than New York, “UCC” means the Uniform Commercial Code as in effect in such other jurisdiction for purposes of the provisions hereof relating to such perfection or effect of perfection or
non-perfection or priority or availability of such remedy, as the case may be. 
 “UFCA” has the meaning assigned to such
term in Article VI. 
 “UFTA” has the meaning assigned to such term in Article VI. 

ARTICLE II 
 Pledge of
Securities 
 Section 2.01 Pledge. As security for the payment or performance, as the case may be, in full of the Secured
Obligations, each Grantor hereby assigns and pledges to the Collateral Agent, its successors and assigns, for the benefit of the Secured Parties, and hereby grants to the Collateral Agent, its successors and assigns, for the benefit of the Secured
Parties, a continuing security interest in, all of such Grantor’s right, title and interest in, to and under (a) (i) all Equity Interests held by it on the date hereof (including those Equity Interests listed on Schedule II) and
(ii) any other Equity Interests obtained in the future by such Grantor and the certificates representing all such Equity Interests (the foregoing clauses (i) and (ii) collectively, the “Pledged Equity”), in each case
including all dividends, distributions, return of capital, cash, instruments and other property from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of the Pledged Equity and all warrants,
rights or options issued thereon or with respect thereto; provided that the Pledged Equity shall not include (in each case, solely to the extent a Lien thereon has not been granted to the ABL Administrative Agent or the Second Lien Term
Agent) (A) more than 65% of the issued and outstanding Equity Interests of (x) each Subsidiary that is a Foreign Subsidiary that is directly owned by the Borrower or by any Subsidiary Loan Party and (y) each Subsidiary that is a
Domestic Subsidiary that is directly owned by the Borrower or by any Subsidiary Loan Party substantially all of the assets of which consist of Equity Interests in one or more Foreign Subsidiaries, (B) any Equity Interest of any Person (other
than a Wholly Owned Subsidiary), to the extent restricted or not permitted by the terms of such Person’s organizational or joint venture documents or other agreements with holders of such Equity Interests (other than to the extent that any such
prohibition would be rendered ineffective pursuant to the UCC or any other applicable law); 
  

  

					
		  	7	  	Security Agreement (First Lien)

 
provided that such Equity Interest shall cease to be an Excluded Equity Interest at such time as such prohibition ceases to be in effect, (C) any Equity Interest if, to the extent and
for so long as the pledge of such Equity Interest hereunder is prohibited by any applicable law other than to the extent such prohibition would be rendered ineffective under the UCC or other applicable law; provided that such Equity Interest
shall cease to be an Excluded Equity Interest at such time as such prohibition ceases to be in effect, (D) any Equity Interest of any Person owned directly or indirectly by a Grantor that is a “controlled foreign corporation” for U.S.
federal income tax purposes and (E) any specifically identified Equity Interest with respect to which the Administrative Agent has determined (in its reasonable judgment) that the costs of pledging, perfecting or maintaining the pledge in
respect of such Equity Interest hereunder exceeds the fair market value thereof or the practical benefit to the Secured Parties afforded thereby (any Equity Interests excluded pursuant to clauses (A) through (E) above, the
“Excluded Equity Interests”); (b)(i) the promissory notes and any Instruments evidencing indebtedness owned by it (including those listed opposite the name of such Grantor on Schedule II) and (ii) any promissory notes
and Instruments evidencing indebtedness obtained in the future by such Grantor (the foregoing clauses (i) and (ii) collectively, the “Pledged Debt”), in each case including all interest, cash, instruments and other
property from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all Pledged Debt; (c) all other property that may be delivered to and held by the Collateral Agent pursuant to the terms of this
Section 2.01; (d) subject to Section 2.06, all payments of principal or interest, dividends, cash, instruments and other property from time to time received, receivable or otherwise distributed in respect of, in exchange
for or upon the conversion of, and all other Proceeds received in respect of, the securities referred to in clauses (a), (b) and (c) above; (e) subject to Section 2.06, all rights and privileges of such Grantor with
respect to the securities and other property referred to in clauses (a), (b), (c) and (d) above; and (f) all Proceeds of, and Security Entitlements in respect of, any of the foregoing (the items referred to in clauses (a) through
(f) above being collectively referred to as the “Pledged Collateral”). 
 TO HAVE AND TO HOLD the Pledged Collateral,
together with all right, title, interest, powers, privileges and preferences pertaining or incidental thereto, unto the Collateral Agent, its successors and assigns, for the benefit of the Secured Parties, forever; subject, however, to the terms,
covenants and conditions hereinafter set forth. 
 Section 2.02 Delivery of the Pledged Collateral. (a) On the Closing Date
(in the case of any Grantor that grants a Lien on any of its assets hereunder on the Closing Date (each, a “Closing Date Grantor”)) or on the date on which it signs and delivers its first Security Agreement Supplement (in the case
of any other Grantor), each Grantor shall deliver or cause to be delivered to the Collateral Agent, for the benefit of the Secured Parties, any and all Pledged Securities (other than any Uncertificated Securities, but only for so long as such
Securities remain uncertificated); provided that promissory notes and Instruments evidencing Indebtedness shall only be so required to be delivered to the extent required pursuant to paragraph (b) of this Section 2.02.
Thereafter, whenever such Grantor acquires any other Pledged Security (other than any Uncertificated Securities, but only for so long as such Securities remain uncertificated), such Grantor shall promptly deliver or cause to be delivered to the
Collateral Agent such Pledged Security as Collateral; provided that promissory notes and Instruments evidencing Indebtedness shall only be so required to be delivered to the extent required pursuant to paragraph (b) of this
Section 2.02. 
  

  

					
		  	8	  	Security Agreement (First Lien)

 (b) As promptly as practicable (and in any event within thirty (30) days after receipt
by Grantor (or such longer period as the Administrative Agent may agree in its reasonable discretion)), each Grantor will cause any Indebtedness for borrowed money having an aggregate principal amount equal to or in excess of $5,000,000 owed to such
Grantor by any Person (other than a Loan Party) to be evidenced by a duly executed promissory note that is pledged and delivered to the Collateral Agent, for the benefit of the Secured Parties, pursuant to the terms hereof. 

(c) Upon delivery to the Collateral Agent, (i) any certificate or promissory note representing Pledged Collateral shall be accompanied by
undated stock or note powers, as applicable, duly executed in blank or other undated instruments of transfer duly-executed in blank reasonably satisfactory to the Collateral Agent and by such other instruments and documents as the Collateral Agent
may reasonably request and (ii) all other property comprising part of the Pledged Collateral shall be accompanied by such instruments and documents as the Collateral Agent may reasonably request. Each delivery of Pledged Securities shall be
accompanied by a schedule describing such Pledged Securities, which schedule shall be deemed to supplement Schedule II and be made a part hereof; provided that failure to provide any such schedule hereto shall not affect the validity
of such pledge of such Pledged Securities. Each schedule so delivered shall supplement any prior schedules so delivered. 
 (d) The
assignment, pledge and security interest granted in Section 2.01 are granted as security only and shall not subject the Collateral Agent or any other Secured Party to, or in any way alter or modify, any obligation or liability of any
Grantor with respect to or arising out of the Pledged Collateral. 
 Section 2.03 Representations, Warranties and Covenants.
Each Grantor, jointly and severally, represents, warrants and covenants, as to itself and the other Grantors, to and with the Collateral Agent, for the benefit of the Secured Parties, that: 

(a) Schedule II sets forth, as of the Closing Date and as of each date on which a supplement to Schedule II is
delivered pursuant to Section 2.02(c), a true and correct list of (i) all the issued and outstanding units of each class of the Equity Interests required to be pledged hereunder and directly owned beneficially, or of record, by such
Grantor specifying the issuer and certificate number (if any) of, and the number and percentage of ownership represented by, such Pledged Equity and (ii) all the Pledged Debt owned by such Grantor (other than checks to be deposited in the
ordinary course of business), including all promissory notes and Instruments required to be delivered to the Collateral Agent hereunder; 

(b) the Pledged Equity issued by the Borrower, each other Grantor or their respective Subsidiaries and the Pledged Debt
(solely with respect to Pledged Debt issued by a Person other than any Grantor or any of their respective Subsidiaries, to the best of each Grantor’s knowledge) have been duly and validly authorized and issued by the issuers thereof and
(i) in the case of Pledged Equity (other than Pledged Equity consisting of limited liability company interests or partnership interests which, pursuant to the relevant organizational or formation documents, cannot be fully paid and
non-assessable), are fully paid and nonassessable and (ii) in the case of Pledged Debt (solely with respect 
  

  

					
		  	9	  	Security Agreement (First Lien)

 
to Pledged Debt issued by a Person other than any Grantor or any of their respective Subsidiaries, to the best of each Grantor’s knowledge), are legal, valid and binding obligations of the
issuers thereof, subject to applicable Debtor Relief Laws and general principles of equity and principles of good faith and fair dealing; 

(c) Each of the Grantors (i) holds the Pledged Securities indicated on Schedule II as owned by such Grantor
free and clear of all Liens, other than (A) Liens created by the Security Documents and, subject to the Intercreditor Agreement, the ABL Documents and the Second Lien Term Documents and (B) other Liens expressly permitted pursuant to
Section 6.02 of the First Lien Credit Agreement, (ii) will make no assignment, pledge, hypothecation or transfer of, or create or permit to exist any security interest in or other Lien on, the Pledged Collateral, other than (A) Liens
created by the Security Documents and, subject to the Intercreditor Agreement, the ABL Documents and the Second Lien Term Documents, and (B) other Liens expressly permitted pursuant to Section 6.02 of the First Lien Credit Agreement, and
(iii) will defend its title or interest thereto or therein against any and all Liens (other than the Liens permitted pursuant to this Section 2.03(c)), however arising, of all Persons whomsoever; 

(d) except for (i) restrictions and limitations imposed by the Loan Documents or securities laws generally or by
Liens expressly permitted pursuant to Section 6.02 of the First Lien Credit Agreement and (ii) in the case of Pledged Equity of Persons that are not Subsidiaries, transfer restrictions that exist at the time of acquisition of Equity
Interests in such Persons, the Pledged Equity is and will continue to be freely transferable and assignable, and none of the Pledged Equity is or will be subject to any option, right of first refusal, shareholders agreement, charter or by-law or
other organizational document provisions or contractual restriction of any nature that might prohibit, impair, delay or otherwise affect in any manner material and adverse to the Secured Parties the pledge of such Pledged Equity hereunder, the sale
or disposition thereof pursuant hereto or the exercise by the Collateral Agent of rights and remedies hereunder; 

(e) each of the Grantors has the power and authority to pledge the Pledged Collateral pledged by it hereunder in the
manner hereby done or contemplated; 
 (f) no consent or approval of any Governmental Authority, any securities exchange
or any other Person was or is necessary to the validity and perfection of the pledge effected hereby (other than such as have been obtained and are in full force and effect); 

(g) by virtue of the execution and delivery by the Grantors of this Agreement, when any Pledged Securities are delivered
to the Collateral Agent in accordance with this Agreement, the Collateral Agent will (i) obtain a legal, valid and first-priority (subject only to any Liens permitted pursuant to Section 6.02 of the First Lien Credit Agreement that have
priority as a matter of law and, subject to the Intercreditor Agreement, Liens granted to the ABL Administrative Agent and the Second Lien Term Agent pursuant to the ABL Documents and the Second Lien Term Documents, respectively, or to any other
agent or trustee pursuant to any Permitted Refinancing (as defined in the Intercreditor Agreement) of the First Lien Term Credit Agreement (as defined in the Intercreditor 
  

  

					
		  	10	  	Security Agreement (First Lien)

 
Agreement), the ABL Credit Facilities and/or the Second Lien Credit Facility, as the case may be) perfected lien upon and security interest in such Pledged Securities as security for the payment
and performance of the Secured Obligations, (ii) have Control of such Pledged Securities and (iii) assuming that neither the Collateral Agent nor any of the other Secured Parties have “notice of an adverse claim” (as defined in
Section 8-105 of the UCC) with respect to such Pledged Securities at the time such Pledged Securities constituting Certificated Securities are delivered to the Collateral Agent, be a protected purchaser (within the meaning of Section 8-303
of the UCC) thereof; 
 (h) the pledge effected hereby is effective to vest in the Collateral Agent, for the benefit of
the Secured Parties, the rights of the Collateral Agent in the Pledged Collateral as set forth herein; and 

(i) subject to the terms of this Agreement and to the extent permitted by applicable law, each Grantor hereby agrees that
upon the occurrence and during the continuation of an Event of Default, it will comply with instructions of the Collateral Agent with respect to the Equity Interests in such Grantor that constitute Pledged Equity hereunder and are Uncertificated
Securities without further consent by the applicable owner or holder of such Pledged Equity. 
 Section 2.04 Certification of
Limited Liability Company and Limited Partnership Interests. Each Grantor acknowledges and agrees that, to the extent any interest in any limited liability company or limited partnership controlled by any Grantor and pledged under
Section 2.01 is a “security” within the meaning of Article 8 of the UCC and is governed by Article 8 of the UCC, such interest shall be represented by a certificate. Each Grantor further acknowledges and agrees that with
respect to any interest in any limited liability company or limited partnership controlled on or after the Closing Date by such Grantor and pledged hereunder that is not a “security” within the meaning of Article 8 of the UCC, such Grantor
shall at no time elect to treat any such interest as a “security” within the meaning of Article 8 of the UCC, nor shall such interest be represented by a certificate, unless such election and such interest is thereafter represented by a
certificate that is promptly delivered to the Collateral Agent, subject to the Intercreditor Agreement, pursuant to the terms hereof. 

Section 2.05 Registration in Nominee Name; Denominations. If an Event of Default shall have occurred and be continuing and the
Collateral Agent shall have given the Borrower prior written notice of its intent to exercise such rights, (a) the Collateral Agent, on behalf of the Secured Parties, shall have the right (in its sole and absolute discretion) to cause each of
the Pledged Securities to be transferred of record into the name of the Collateral Agent and (b) the Collateral Agent shall have the right to exchange the certificates representing Pledged Securities for certificates of smaller or larger
denominations for any purpose consistent with this Agreement; provided that, notwithstanding the foregoing, if a Bankruptcy Event of Default shall have occurred and be continuing, the Collateral Agent shall not be required to give the notice
referred to above in order to exercise the rights described above. Each Grantor will promptly give to the Collateral Agent copies of any material notices received by it with respect to Pledged Securities registered in the name of such Grantor. Each
Grantor will take any and all actions reasonably requested by the Collateral Agent to facilitate compliance with this Section 2.05. 
  

  

					
		  	11	  	Security Agreement (First Lien)

 Section 2.06 Voting Rights; Dividends and Interest. (a) Unless and until an
Event of Default shall have occurred and be continuing and the Collateral Agent shall have notified the Borrower that the rights of the Grantors under this Section 2.06 are being suspended: 

(i) Each Grantor shall be entitled to exercise any and all voting and/or other consensual rights and powers inuring to an
owner of Pledged Securities or any part thereof for any purpose consistent with the terms of this Agreement, the First Lien Credit Agreement and the other Loan Documents; provided that such rights and powers shall not be exercised in any
manner that could materially and adversely affect the rights inuring to a holder of any Pledged Securities or the rights and remedies of any of the Collateral Agent or the other Secured Parties under this Agreement, the First Lien Credit Agreement
or any other Loan Document or the ability of the Secured Parties to exercise the same. 
 (ii) The Collateral Agent shall
promptly execute and deliver to each Grantor, or cause to be executed and delivered to such Grantor, all such proxies, powers of attorney and other instruments as such Grantor may reasonably request in writing for the purpose of enabling such
Grantor to exercise the voting and/or consensual rights and powers it is entitled to exercise pursuant to subparagraph (i) above, in each case as shall be specified in such request and be in form and substance reasonably satisfactory to the
Collateral Agent. 
 (iii) Each Grantor shall be entitled to receive and retain any and all dividends, interest, principal
and other distributions paid on or distributed in respect of the Pledged Securities, to the extent (and only to the extent) that such dividends, interest, principal and other distributions are permitted by, and otherwise paid or distributed in
accordance with, the terms and conditions of the First Lien Credit Agreement, the other Loan Documents and applicable laws; provided that any noncash dividends, interest, principal or other distributions that would constitute Pledged Equity
or Pledged Debt, whether resulting from a subdivision, combination or reclassification of the outstanding Equity Interests of the issuer of any Pledged Securities or received in exchange for Pledged Securities or any part thereof, or in redemption
thereof, or as a result of any merger, consolidation, acquisition or other exchange of assets to which such issuer may be a party or otherwise, shall be and become part of the Pledged Collateral, and, if received by any Grantor, shall not be
commingled by such Grantor with any of its other funds or property but shall be held separate and apart therefrom, shall be held in trust for the benefit of the Collateral Agent and the other Secured Parties and shall be forthwith delivered to the
Collateral Agent in the same form as so received (with any necessary endorsement reasonably requested by the Collateral Agent). So long as no Event of Default has occurred and is continuing, the Collateral Agent shall promptly deliver to each
Grantor (at the expense of such Grantor) any Pledged Securities in its possession if requested to be delivered to the issuer thereof in connection with any exchange or redemption of such Pledged Securities. 

(b) Upon the occurrence and during the continuance of any Event of Default, after the Collateral Agent shall have notified the Borrower of the
suspension of the rights of the Grantors under Section 2.06(a), then all rights of any Grantor to dividends, interest, principal or other distributions that such Grantor is authorized to receive pursuant to
Section 2.06(a)(iii) shall 
  

  

					
		  	12	  	Security Agreement (First Lien)

 
cease, and all such rights shall thereupon become vested in the Collateral Agent, which shall have the sole and exclusive right and authority to receive and retain such dividends, interest,
principal or other distributions. All dividends, interest, principal or other distributions received by any Grantor contrary to the provisions of this Section 2.06 shall be held in trust for the benefit of the Collateral Agent and the
other Secured Parties, shall be segregated from other property or funds of such Grantor and shall be forthwith delivered to the Collateral Agent upon demand in the same form as so received (with any necessary stock or note powers and other
instruments of transfer reasonably requested by the Collateral Agent). Any and all money and other property paid over to or received by the Collateral Agent pursuant to the provisions of this paragraph (b) shall be retained by the Collateral
Agent in an account to be established by the Collateral Agent upon receipt of such money or other property and shall be applied in accordance with the provisions of Section 5.02. After all Events of Default have been cured or waived and
the Borrower shall have delivered to the Collateral Agent a certificate to such effect, the Collateral Agent shall promptly repay to each Grantor (without interest) all dividends, interest, principal or other distributions that such Grantor would
otherwise be permitted to retain pursuant to the terms of Section 2.06(a)(iii) in the absence of any such Event of Default and that remain in such account, and such Grantor’s right to receive and retain any and all dividends,
interest, principal and other distributions paid on or distributed in respect of the Pledged Securities shall be automatically reinstated. 

(c) Upon the occurrence and during the continuance of an Event of Default, after the Collateral Agent shall have notified the Borrower of the
suspension of the rights of the Grantors under Section 2.06(a), then all rights of any Grantor to exercise the voting and consensual rights and powers it is entitled to exercise pursuant to Section 2.06(a)(i), and the
obligations of the Collateral Agent under Section 2.06(a)(ii), shall cease, and all such rights shall thereupon become, subject to the rights of the ABL Administrative Agent and the Second Lien Term Agent under the Intercreditor
Agreement, vested in the Collateral Agent, which shall have the sole and exclusive right and authority to exercise such voting and consensual rights and powers; provided that, unless otherwise directed by the Required Lenders, the Collateral
Agent shall have the right from time to time following and during the continuance of an Event of Default to permit the Grantors to exercise such rights. After all Events of Default have been cured or waived and the Borrower shall have delivered to
the Collateral Agent a certificate to such effect, each Grantor shall have the exclusive right to exercise the voting and/or consensual rights and powers that such Grantor would otherwise be entitled to exercise pursuant to the terms of
Section 2.06(a)(i), and the obligations of the Collateral Agent under Section 2.06(a)(ii) shall be reinstated. 

(d) Any notice given by the Collateral Agent to the Borrower suspending the rights of the Grantors under this Section 2.06,
(i) shall be given in writing, (ii) may be given with respect to one or more of the Grantors at the same or different times and (iii) may suspend the rights of the Grantors under Sections 2.06(a)(i) or 2.06(a)(iii) in
part without suspending all such rights (as specified by the Collateral Agent in its sole and absolute discretion) and without waiving or otherwise affecting the Collateral Agent’s rights to give additional notices from time to time suspending
other rights so long as an Event of Default has occurred and is continuing. Notwithstanding anything to the contrary contained in Section 2.06(a), (b) or (c), if a Bankruptcy Event of Default shall have occurred and be
continuing, the Collateral Agent shall not be required to give any notice referred to in said Sections in order to exercise any of its rights 
  

  

					
		  	13	  	Security Agreement (First Lien)

 
described in such Sections, and the suspension of the rights of each of the Grantors under each such Section shall be automatic upon the occurrence of such Bankruptcy Event of Default. 

Section 2.07 Collateral Agent Not a Partner or Limited Liability Company Member. Nothing contained in this Agreement shall be
construed to make the Collateral Agent or any other Secured Party liable as a member of any limited liability company or as a partner of any partnership and neither the Collateral Agent nor any other Secured Party by virtue of this Agreement or
otherwise (except as referred to in the following sentence) shall have any of the duties, obligations or liabilities of a member of any limited liability company or as a partner in any partnership. The parties hereto expressly agree that, unless the
Collateral Agent shall become the absolute owner of Pledged Equity consisting of a limited liability company interest or a partnership interest pursuant hereto, this Agreement shall not be construed as creating a partnership or joint venture among
the Collateral Agent, any other Secured Party, any Grantor and/or any other Person. 
 ARTICLE III 

Security Interests in Personal Property 

Section 3.01 Security Interest. (a) As security for the payment or performance, as the case may be, in full of the Secured
Obligations, each Grantor hereby grants to the Collateral Agent, its successors and assigns, for the benefit of the Secured Parties, a security interest (the “Security Interest”) in, all of such Grantor’s right, title and
interest in, to or under any and all of the following assets and properties, whether now owned or at any time hereafter acquired by such Grantor or in which such Grantor now has or at any time in the future may acquire any right, title or interest
(collectively, the “Article 9 Collateral”): 
 (i) all Accounts; 

(ii) all Chattel Paper; 

(iii) all Documents; 

(iv) all Equipment; 

(v) all General Intangibles, including, without limitation, all Payment Intangibles; 

(vi) all Instruments; 

(vii) all Inventory; 

(viii) all Investment Property: 

(ix) all books and records pertaining to the Article 9 Collateral; 

(x) all Goods and Fixtures; 
  

  

					
		  	14	  	Security Agreement (First Lien)

 (xi) all Money, cash, cash equivalents, Deposit Accounts, Securities
Accounts and Commodities Accounts; 
 (xii) all Letter-of-Credit Rights; 

(xiii) all Commercial Tort Claims described on Schedule III from time to time; 

(xiv) the Collateral Account, and all cash, Money, Securities and other investments deposited therein; 

(xv) [reserved]; 

(xvi) all Supporting Obligations; 

(xvii) all Security Entitlements in any or all of the foregoing; 

(xviii) all Intellectual Property; and 

(xix) to the extent not otherwise included, all Proceeds and products of any and all of the foregoing and all collateral
security and guarantees given by any Person with respect to any of the foregoing; 
 provided that “Collateral” shall not include
and the Security Interest shall not attach to (solely to the extent a Lien thereon has not been granted to the ABL Agent or the Second Lien Term Agent) any of the following assets or property, each being an “Excluded Property”: 

(i) any lease, license, franchise, charter, authorization, contract or agreement to which any Grantor is a party, and any of
its rights or interest thereunder, if and to the extent pledges thereof and security interests therein (x) are prohibited by or in violation of any applicable law, (y) requires any governmental or third party consent (to the extent that a
Grantor has sought such consent using its commercially reasonable efforts and such consent has not been obtained) or (z) is prohibited by or in violation of a term, provision or condition of any such lease, license, franchise, charter,
authorization, contract or agreement, except, in the case of each of the foregoing clauses (x), (y) and (z), to the extent that (1) the pledge of such rights would be rendered effective under the UCC or other applicable law or principle of
equity notwithstanding such prohibition, requirement or restriction, or (2) such prohibition, requirement or restriction would be rendered ineffective under the UCC or other applicable law or principle of equity; provided,
however, that, notwithstanding the foregoing, the Collateral shall include (and the Security Interest shall attach) at such time as the contractual or legal prohibition shall no longer be applicable and to the extent severable, shall attach
to any portion of such lease, license, franchise, charter, authorization, contract or agreement not subject to the prohibitions specified in clauses (x), (y) or (z) above (in each case, after giving effect to the applicable anti-assignment
provisions of the UCC); provided, further, that the Excluded Property referred to in this clause (i) shall not include any Proceeds and receivables of any such lease, license, franchise, charter, authorization, contract or
agreement; 
  

  

					
		  	15	  	Security Agreement (First Lien)

 (ii) the Excluded Equity Interests; 

(iii) any “intent-to-use” application for registration of a Trademark filed pursuant to Section 1(b) of the
Lanham Act, 15 U.S.C. §1051, prior to the filing of a “Statement of Use” pursuant to Section 1(d) of the Lanham Act or an “Amendment to Allege Use” pursuant to Section 1(c) of the Lanham Act with respect thereto,
to the extent that, and during the period, if any, in which, the grant of a security interest therein would impair the validity or enforceability of any registration that issues from such intent-to-use application under applicable federal law (it
being understood that after such period such intent-to-use application shall be automatically subject to the security interest granted herein and deemed to be included in the Collateral); 

(iv) (A) any leasehold interest (including any ground lease interest) in Real Property, (B) any fee interest in
owned Real Property with a fair market value below $5,000,000 and (C) any Fixtures affixed to any Real Property to the extent (x) such Fixtures are affixed to any Real Property with a fair market value below $5,000,000 or (y) a
security interest in such Fixtures may not be perfected by the filing of an appropriate financing statement/fixture filing in the relevant filing jurisdiction; 

(v) (A) as-extracted collateral, (B) timber to be cut, (C) farm products and (D) manufactured homes,
in the case of clauses (C) and (D), other than to the extent constituting Inventory; 
 (vi) any particular asset,
if the pledge thereof or the security interest therein (A) is prohibited by applicable law, (B) requires any governmental or third party consent (to the extent that a Grantor has sought such consent using its commercially reasonable
efforts and such consent has not been obtained), except, in the case of clauses (A) and (B), to the extent such prohibition or requirement would be rendered ineffective under the UCC or other applicable law notwithstanding such prohibition or
requirement, or (C) would result in adverse tax consequences to any Grantor as reasonably determined by the Borrower with notice (which shall reasonably identify the basis for such determination) to the Administrative Agent; and 

(vii) any specifically identified asset with respect to which the Administrative Agent has determined (in its reasonable
judgment) that the costs of obtaining, perfecting or maintaining a Security Interest in such asset exceed the fair market value thereof or the practical benefit to the Secured Parties afforded thereby. 

(b) Each Grantor hereby irrevocably authorizes the Collateral Agent for the benefit of the Secured Parties at any time and from time to time
to file in any relevant jurisdiction any financing statements or continuation statements (including fixture filings) with respect to the Article 9 Collateral or any part thereof and amendments thereto that (i) describe the collateral covered
thereby in any manner that the Collateral Agent reasonably determines is 
  

  

					
		  	16	  	Security Agreement (First Lien)

 
necessary or advisable to ensure the perfection of the security interest in the Article 9 Collateral granted under this Agreement including indicating the Collateral as all assets or all personal
property of such Grantor or words of similar effect and (ii) contain the information required by Article 9 of the UCC of each applicable jurisdiction for the filing of any financing statement or amendment, including (A) whether such
Grantor is an organization, the type of organization and any organizational identification number issued to such Grantor and (B) in the case of a financing statement filed as a fixture filing, a sufficient description of the real property to
which such Article 9 Collateral relates. Each Grantor agrees to provide such information to the Collateral Agent promptly upon request. 

(c) The Security Interest is granted as security only and shall not subject the Collateral Agent or any other Secured Party to, or in any way
alter or modify, any obligation or liability of any Grantor with respect to or arising out of the Article 9 Collateral. 
 (d) Each Grantor
hereby further authorizes the Collateral Agent to file a Grant of Security Interest substantially in the form of Exhibit III, IV or V, as applicable, covering relevant IP Collateral consisting of U.S. Patents (and U.S. Patents
for which applications are pending), U.S. registered Trademarks (and U.S. Trademarks for which registration applications are pending) and U.S. registered Copyrights (and U.S. Copyrights for which registration applications are pending) with the
United States Patent and Trademark Office or United States Copyright Office (or any successor office), as applicable, and such other documents as may be necessary or advisable for the purpose of perfecting, confirming, continuing, enforcing or
protecting the Security Interest granted by such Grantor hereunder, (without the signature of such Grantor after the occurrence and continuance of an Event of Default) and naming such Grantor, as debtor, and the Collateral Agent, as secured party.

 Section 3.02 Representations and Warranties. Each Grantor represents and warrants, as to itself and the other Grantors, to
the Collateral Agent and the Secured Parties that: 
 (a) Each Grantor has valid rights (not subject to any Liens other
than Liens permitted by Section 6.02 of the First Lien Credit Agreement) in the Article 9 Collateral with respect to which it has purported to grant a Security Interest hereunder (which rights are in any event, sufficient under
Section 9-203 of the UCC), and has full power and authority to grant to the Collateral Agent the Security Interest in such Article 9 Collateral pursuant hereto and to execute, deliver and perform its obligations in accordance with the terms of
this Agreement, without the consent or approval of any other Person other than any consent or approval that has been obtained. 

(b) The Perfection Certificate delivered to the Administrative Agent on or prior to the Closing Date has been duly executed and
delivered to the Collateral Agent and the information set forth therein, including the exact legal name of each Grantor and its jurisdiction of organization, taken as a whole, is correct and complete in all material respects as of the Closing Date.
The UCC financing statements (including fixture filings, as applicable) prepared by the Collateral Agent based upon the information provided to the Collateral Agent in the Perfection Certificate for filing in each governmental, municipal or other
office specified in Schedule IV of this Agreement (or specified by notice from the applicable Grantor to the Collateral Agent after the Closing Date in the 
  

  

					
		  	17	  	Security Agreement (First Lien)

 
case of filings, recordings or registrations required by Sections 5.10 and 3.14 of the First Lien Credit Agreement), are all the filings, recordings and registrations (other than any filings
required to be made in the United States Patent and Trademark Office or the United States Copyright Office in order to perfect the Security Interest in Article 9 Collateral consisting of Intellectual Property) necessary to establish a legal, valid
and perfected security interest in favor of the Collateral Agent (for the benefit of the Secured Parties) in respect of all Article 9 Collateral in which the Security Interest may be perfected by filing, recording or registration in the United
States (or any political subdivision thereof) and its territories and possessions, and no further or subsequent filing, refiling, recording, rerecording, registration or reregistration with respect to such Article 9 Collateral is necessary in any
such jurisdiction, except as provided under applicable law with respect to the filing of amendment or continuation statements. Each Grantor represents and warrants that, as of the Closing Date, to the extent required by Section 3.14 of the
First Lien Credit Agreement, fully executed Grants of Security Interest in the form attached as Exhibit III, IV or V, as applicable, containing a description of all IP Collateral consisting of U.S. Patents (and U.S. Patents
for which applications are pending), U.S. registered Trademarks (and U.S. Trademarks for which registration applications are pending) or U.S. registered Copyrights (and U.S. Copyrights for which registration applications are pending), as applicable,
have been delivered to the Collateral Agent for recording by the United States Patent and Trademark Office or the United States Copyright Office, as applicable, pursuant to 35 U.S.C. § 261, 15 U.S.C. § 1060 or 17 U.S.C.
§ 205 and the regulations thereunder. 
 (c) The Security Interest constitutes (i) a legal and valid security
interest in all the Article 9 Collateral securing the payment and performance of the Secured Obligations, (ii) subject to the filings described in Section 3.02(b), a perfected security interest in all Article 9 Collateral in which a
security interest may be perfected by filing, recording or registering a financing statement in the United States (or any political subdivision thereof) and its territories and possessions pursuant to the UCC and (iii) a perfected security
interest in all Article 9 Collateral (other than with respect to any Copyright that is not material to the business of the Grantors, taken as a whole) in which a security interest may be perfected by the recording of the relevant Grants of Security
Interest with the United States Patent and Trademark Office and the United States Copyright Office, as applicable, within the three month period (commencing as of the date hereof) pursuant to 35 U.S.C. § 261 or 15 U.S.C. § 1060 or the one
month period (commencing as of the date hereof) pursuant to 17 U.S.C. § 205. The Security Interest is and shall be prior to any other Lien on any of the Article 9 Collateral, other than (i) any nonconsensual Lien that is expressly
permitted pursuant to Section 6.02 of the First Lien Credit Agreement and has priority as a matter of law and (ii) any other Lien that is expressly permitted pursuant to Section 6.02 of the First Lien Credit Agreement and has priority
as a matter of law and which, in the case of Liens permitted pursuant to Section 6.02(34) of the First Lien Credit Agreement, is, in each case, subject at all times to the Intercreditor Agreement. 

(d) The Article 9 Collateral is owned by the Grantors free and clear of any Lien, except for Liens expressly permitted pursuant
to Section 6.02 of the First Lien Credit Agreement. None of the Grantors has filed or consented to the filing of (i) any 

  

					
		  	18	  	Security Agreement (First Lien)

 
financing statement or analogous document under the UCC or any other applicable laws covering any Article 9 Collateral, (ii) any assignment in which any Grantor assigns any Article 9
Collateral or any security agreement or similar instrument covering any Article 9 Collateral with the United States Patent and Trademark Office or the United States Copyright Office, or (iii) any assignment in which any Grantor assigns any
Article 9 Collateral or any security agreement or similar instrument covering any Article 9 Collateral with any foreign governmental, municipal or other office, which financing statement or analogous document, assignment, security agreement or
similar instrument is still in effect, except, in each case, for Liens expressly permitted pursuant to Section 6.02 of the First Lien Credit Agreement. 

(e) All Commercial Tort Claims of each Grantor where the amount of the damages claimed by such Grantor is in excess of
$5,000,000 in existence on the date of this Agreement (or on the date upon which such Grantor becomes a party to this Agreement) are described on Schedule III hereto. 

(f) [Reserved]. 

(g) Except as could not reasonably be expected to have a Material Adverse Effect, with respect to the IP Collateral: 

(i) such Grantor is the exclusive owner of all right, title and interest in and to the IP Collateral or has the right or
license to use the IP Collateral subject only to the terms of the Licenses; 
 (ii) the operation of such
Grantor’s business as currently conducted and the use of the IP Collateral in connection therewith do not conflict with, infringe, misappropriate, dilute, misuse or otherwise violate the intellectual property rights of any third party; 

(iii) the IP Collateral set forth on the Perfection Certificate includes all of the patents, patent applications, domain
names, trademark registrations and applications, copyright registrations and applications owned by such Grantor as of the date hereof; 

(iv) the IP Collateral is subsisting and has not been adjudged invalid or unenforceable in whole or in part, and to such
Grantor’s knowledge, is valid and enforceable. Such Grantor is not aware of any uses of any material item of IP Collateral that could be expected to lead to such item becoming invalid or unenforceable; 

(v) such Grantor has made or performed all filings, recordings and other acts and has paid all required fees and taxes to
maintain and protect its interest in each and every item of IP Collateral in full force and effect, and to protect and maintain its interest therein; 

(vi) no claim, action, suit, investigation, litigation or proceeding has been asserted in writing or is pending or, to
such Grantor’s knowledge, threatened 

  

					
		  	19	  	Security Agreement (First Lien)

 
against such Grantor (A) based upon or challenging or seeking to deny or restrict the Grantor’s rights in or use of any of the IP Collateral, (B) alleging that the Grantor’s
rights in or use of the IP Collateral or that any services provided by, processes used by, or products manufactured or sold by, such Grantor infringe, misappropriate, dilute, misuse or otherwise violate any patent, trademark, copyright or any other
proprietary right of any third party, or (C) alleging that the IP Collateral is being licensed or sublicensed in violation or contravention of the terms of any license or other agreement. To such Grantor’s knowledge, no Person is engaging
in any activity that infringes, misappropriates, dilutes, misuses or otherwise violates the material IP Collateral or the Grantor’s rights in or use thereof. The consummation of the transactions contemplated by the Loan Documents will not
result in the termination or impairment of any of the IP Collateral; 
 (vii) with respect to each License:
(A) such License is valid and binding and in full force and effect; (B) such Grantor has not received any notice of termination or cancellation under such License; (C) such Grantor has not received any notice of a breach or default
under such License; and (D) neither such Grantor nor, to such Grantor’s knowledge, any other party to such License is in breach or default thereof in any material respect, and no event has occurred that, with notice or lapse of time or
both, would constitute such a breach or default or permit termination, modification or acceleration under such License; and 

(viii) to such Grantor’s knowledge, (A) none of the material trade secrets of such Grantor has been used,
divulged, disclosed or appropriated to the detriment of such Grantor for the benefit of any other Person other than such Grantor; (B) no employee, independent contractor or agent of such Grantor has misappropriated any material trade secrets of
any other Person in the course of the performance of his or her duties as an employee, independent contractor or agent of such Grantor; and (C) no employee, independent contractor or agent of such Grantor is in default or breach of any material
term of any employment agreement, non-disclosure agreement, assignment of inventions agreement or similar agreement or contract relating in any way to the protection, ownership, development, use or transfer of such Grantor’s material IP
Collateral. 
 Section 3.03 Covenants. (a) The Borrower agrees to promptly (and in any event within thirty
(30) calendar days of such event, or such later date as the Collateral Agent may agree in its reasonable discretion) notify the Collateral Agent of any change (i) in the legal name of any Grantor, (ii) in the identity or type of
organization or corporate structure of any Grantor, (iii) in the jurisdiction of organization of any Grantor, (iv) in the location of any Grantor under the UCC or (v) in the organizational identification number of any Grantor. In
addition, if any Grantor does not have an organizational identification number on the Closing Date (or the date such Grantor becomes a party to this Agreement) and later obtains one, the Borrower shall promptly thereafter notify the Collateral Agent
of such organizational identification number and shall take all actions reasonably satisfactory to the Collateral Agent to the extent necessary to maintain the security interests (and the priority thereof) of the Collateral Agent in the Collateral

  

					
		  	20	  	Security Agreement (First Lien)

 
intended to be granted hereby fully perfected and in full force and effect. The Loan Parties agree not to effect or permit any change referred to in the preceding sentence unless all filings,
publications and registrations, have been made (or will be made in a timely fashion) under the UCC or other applicable law that are required in order for the Collateral Agent to continue at all times following such change to have a valid, legal and
perfected first priority security interest to the extent required under the Loan Documents (subject only to (i) any nonconsensual Lien that is expressly permitted pursuant to Section 6.02 of the First Lien Credit Agreement and has priority
as a matter of law and (ii) any other Lien that is expressly permitted pursuant to Section 6.02 of the First Lien Credit Agreement and has priority as a matter of law and which, in the case of Liens permitted pursuant to
Section 6.02(34) of the First Lien Credit Agreement, is, in each case, subject at all times to the Intercreditor Agreement) in all the Collateral for its own benefit and the benefit of the other Secured Parties. 

(b) Each Grantor shall, at its own expense, take any and all commercially reasonable actions necessary to defend title to the Article 9
Collateral against all Persons, except with respect to Article 9 Collateral that such Grantor determines in its reasonable business judgment is no longer necessary or beneficial to the conduct of the business, and to defend the Security Interest of
the Collateral Agent in the Article 9 Collateral and the priority thereof against any Lien not permitted pursuant to Section 6.02 of the First Lien Credit Agreement. 

(c) At the time of delivery of annual financial statements with respect to the preceding Fiscal Year pursuant to Section 5.04(1) of the
First Lien Credit Agreement and delivery of the related Compliance Certificate, the Borrower shall deliver to the Collateral Agent a certificate executed by a Responsible Officer of the Borrower setting forth the information required pursuant to the
Perfection Certificate (other than Sections I(B), I(E), I(F), I(G), I(H), II(D), II(E)(1), II(E)(2) and II(E)(3) of the Perfection Certificate) or confirming that there has been no change in such information since the date of such certificate or the
date of the most recent certificate delivered pursuant to this Section 3.03(c). 
 (d) Each Grantor agrees, at its own expense,
to execute, acknowledge, deliver and cause to be duly filed all such further instruments and documents and take all such actions as the Collateral Agent may from time to time reasonably request to better assure, preserve, protect and perfect the
Security Interest and the rights and remedies created hereby, including the payment of any fees and Taxes required in connection with the execution and delivery of this Agreement, the granting of the Security Interest and the filing of any financing
statements (including fixture filings) or other documents in connection herewith or therewith. If any amount payable under or in connection with any of the Article 9 Collateral (other than by a Loan Party) that equals or exceeds $5,000,000 shall be
or become evidenced by any promissory note or Instrument, such promissory note or Instrument shall be promptly pledged and, subject to the Intercreditor Agreement, delivered to the Collateral Agent, for the benefit of the Secured Parties, in a
manner reasonably satisfactory to the Collateral Agent. 
 (e) Upon the occurrence and continuance of an Event of Default, the Collateral
Agent may discharge past due taxes, assessments, charges, fees, Liens, security interests or other encumbrances at any time levied or placed on the Article 9 Collateral and not permitted pursuant to Section 6.02 of the First Lien Credit
Agreement, and may pay for the maintenance and preservation of the Article 9 Collateral to the extent any Grantor fails to do so 

  

					
		  	21	  	Security Agreement (First Lien)

 
as required by the First Lien Credit Agreement, this Agreement or any other Loan Document and within a reasonable period of time after the Collateral Agent has requested that it do so, and each
Grantor jointly and severally agrees to reimburse the Collateral Agent within ten (10) days after demand for any payment made or any reasonable out-of-pocket expense incurred by the Collateral Agent pursuant to the foregoing authorization;
provided that nothing in this paragraph shall be interpreted as excusing any Grantor from the performance of, or imposing any obligation on the Collateral Agent or any Secured Party to cure or perform, any covenants or other promises of any
Grantor with respect to taxes, assessments, charges, fees, Liens, security interests or other encumbrances and maintenance as set forth herein or in the other Loan Documents. 

(f) If at any time any Grantor shall take a security interest in any property of an Account Debtor or any other Person the value of which
equals or exceeds $5,000,000 to secure payment and performance of an Account or related contracts, such Grantor shall promptly assign such security interest to the Collateral Agent for the benefit of the applicable Secured Parties. Such assignment
need not be filed of public record unless necessary to continue the perfected status of the security interest against creditors of and transferees from the Account Debtor or other Person granting the security interest. 

(g) Each Grantor (rather than the Collateral Agent or any Secured Party) shall remain liable (as between itself and any relevant counterparty)
to observe and perform all the conditions and obligations to be observed and performed by it under each contract, agreement or instrument relating to the Article 9 Collateral, all in accordance with the terms and conditions thereof. 

(h) [Reserved]. 
 (i)
Notwithstanding anything in this Agreement to the contrary (i) other than the filing of a UCC financing statement, (A) no actions shall be required to perfect the security interest granted hereunder in Letter-of-Credit Rights, (B) no
actions shall be required to perfect the security interest granted hereunder in motor vehicles and other assets subject to certificates of title or ownership (including, without limitation, aircraft, airframes, aircraft engines or helicopters, or
any equipment or other assets constituting a part thereof, in each case to the extent subject to Federal Aviation Act registration requirements, and rolling stock), (C) no Grantor shall be required to complete any filings or other action with
respect to the perfection of the security interests created hereby in any jurisdiction outside of the United States or any State thereof, and (D) no Grantor shall be required to deliver landlord lien waivers, estoppels or collateral access
letters in any circumstances and (ii) except as provided in Section 8.12 of the ABL Credit Agreement, no action shall be required to perfect a security interest granted hereunder in Deposit Accounts, Commodities Accounts, Securities
Accounts or any other similar account so long as no Event of Default has occurred and is continuing. 
 Section 3.04 Other
Actions. In order to further insure the attachment, perfection and priority of, and the ability of the Collateral Agent to enforce, the Security Interest, each Grantor agrees, in each case at such Grantor’s own expense and subject to the
Intercreditor Agreement, to take the following actions with respect to the following Article 9 Collateral: 

  

					
		  	22	  	Security Agreement (First Lien)

 (a) Instruments. If any Grantor shall at any time hold or acquire any
Instruments constituting Collateral and (x) evidencing an amount equal to or in excess of $5,000,000 or (y) otherwise required to be endorsed, assigned and delivered to the ABL Agent or the Second Lien Term Agent, such Grantor shall, in
each case (subject to the Intercreditor Agreement), promptly endorse, assign and deliver the same to the Collateral Agent for the benefit of the applicable Secured Parties, accompanied by such undated instruments of transfer or assignment duly
executed in blank as the Collateral Agent may from time to time reasonably request. 
 (b) Investment Property. Except
to the extent otherwise provided in Article II, if any Grantor shall at any time hold or acquire any Certificated Securities, such Grantor shall promptly endorse, assign and deliver the same to the Collateral Agent for the benefit of the
Secured Parties, accompanied by such undated instruments of transfer or assignment duly executed in blank as the Collateral Agent may from time to time reasonably request. If any Securities now or hereafter acquired by any Grantor are uncertificated
and are issued to such Grantor or its nominee directly by the issuer thereof, upon the Collateral Agent’s request and following the occurrence and continuation of an Event of Default such Grantor shall promptly notify the Collateral Agent
thereof and, at the Collateral Agent’s reasonable request, pursuant to an agreement in form and substance reasonably satisfactory to the Collateral Agent, either (but only to the extent such Securities and other Investment Property constitute
Collateral) (i) cause the issuer to agree to comply with instructions from the Collateral Agent as to such Securities, without further consent of any Grantor or such nominee, or (ii) arrange for the Collateral Agent to become the
registered owner of the Securities. If any Securities, whether certificated or uncertificated, or other Investment Property are held by any Grantor or its nominee through a Securities Intermediary, upon the Collateral Agent’s request and
following the occurrence and continuation of an Event of Default, such Grantor shall immediately notify the Collateral Agent thereof and at the Collateral Agent’s request and option, pursuant to an agreement in form and substance reasonably
satisfactory to the Collateral Agent shall either (i) cause such Securities Intermediary to agree to comply with Entitlement Orders or other instructions from the Collateral Agent to such Securities Intermediary as to such Security Entitlements
without further consent of any Grantor or such nominee, or (ii) in the case of Financial Assets or other Investment Property held through a Securities Intermediary, arrange for the Collateral Agent to become the Entitlement Holder with respect
to such Investment Property, with the Grantor being permitted, only with the consent of the Collateral Agent, to exercise rights to withdraw or otherwise deal with such Investment Property. 

(c) Commercial Tort Claims. If any Grantor shall at any time after the date of this Agreement acquire a Commercial Tort
Claim (x) in an amount (taking the greater of the aggregate claimed damages thereunder or the reasonably estimated value thereof) of $5,000,000 or more or (y) that is otherwise required to be pledged to the ABL Agent or the Second Lien
Term Agent, such Grantor shall, in each case (subject to the Intercreditor Agreement), promptly notify the Collateral Agent thereof in a writing signed by such Grantor and provide supplements to Schedule III describing the details thereof and
shall grant to the Collateral Agent a security interest therein and in the proceeds thereof, all upon the terms of this Agreement. 

  

					
		  	23	  	Security Agreement (First Lien)

 ARTICLE IV 

Special Provisions Concerning IP Collateral 

Section 4.01 Grant of License to Use Intellectual Property. Without limiting the provisions of Section 3.01 hereof or
any other rights of the Collateral Agent as the holder of a Security Interest in any IP Collateral, for the purpose of enabling the Collateral Agent to exercise rights and remedies under this Agreement at such time as the Collateral Agent shall be
lawfully entitled to exercise such rights and remedies, each Grantor hereby grants to the Collateral Agent, for the benefit of the Secured Parties, an irrevocable, nonexclusive license (exercisable without payment of royalty or other compensation to
the Grantors) to use, license or sublicense any of the IP Collateral now owned or hereafter acquired by such Grantor, and wherever the same may be located, and including in such license reasonable access to all media in which any of the licensed
items may be recorded or stored and to all computer software and programs used for the compilation or printout thereof, provided, however, that any such license granted by the Collateral Agent to a third party shall include reasonable
and customary terms necessary to preserve the existence, validity and value of the affected IP Collateral, including without limitation, provisions requiring the continuing confidential handling of trade secrets, requiring the use of appropriate
notices and prohibiting the use of false notices, protecting and maintaining the quality standards of the Trademarks in the manner set forth below (it being understood and agreed that, without limiting any other rights and remedies of the Collateral
Agent under this Agreement, any other Loan Document or applicable law, nothing in the foregoing license grant shall be construed as granting the Collateral Agent rights in and to such IP Collateral above and beyond (x) the rights to such IP
Collateral that each Grantor has reserved for itself and (y) in the case of IP Collateral that is licensed to any such Grantor by a third party, the extent to which such Grantor has the right to grant a sublicense to such IP Collateral
hereunder). 
 The use of such license by the Collateral Agent may only be exercised, at the option of the Collateral Agent, during the
continuation of an Event of Default; provided that any license, sublicense or other transaction entered into by the Collateral Agent in accordance herewith shall immediately terminate at such time as the Collateral Agent is no longer lawfully
entitled to exercise its rights and remedies under this Agreement. Nothing in this Section 4.01 shall require a Grantor to grant any license that is prohibited by any rule of law, statute or regulation, or is prohibited by, or
constitutes a breach or default under or results in the termination of any contract, license, agreement, instrument or other document evidencing, giving rise to or theretofore granted, with respect to such property or otherwise unreasonably
prejudices the value thereof to the relevant Grantor. In the event the license set forth in this Section 4.01 is exercised with regard to any Trademarks, then the following shall apply: (i) all goodwill arising from any licensed or
sublicensed use of any Trademark shall inure to the benefit of the Grantor; (ii) the licensed or sublicensed Trademarks shall only be used in association with goods or services of a quality and nature consistent with the quality and reputation
with which such Trademarks were associated when used by Grantor prior to the exercise of the license rights set forth herein; and (iii) at the Grantor’s request and expense, licensees and sublicensees shall provide reasonable cooperation
in any effort by the Grantor to maintain the registration or otherwise secure the ongoing validity and effectiveness of such licensed Trademarks, including, without limitation the actions and conduct described in Section 4.02 below. 

  

					
		  	24	  	Security Agreement (First Lien)

 Section 4.02 Protection of Collateral Agent’s Security. (a) Except to
the extent permitted by subsection 4.02(h) below, or to the extent that failure to act could not reasonably be expected to have a Material Adverse Effect, with respect to registration or pending application of each item of its IP Collateral
for which such Grantor has standing to do so, each Grantor agrees to take, at its expense, all reasonable steps, including, without limitation, in the U.S. Patent and Trademark Office, the U.S. Copyright Office and any other governmental authority
located in the United States to (i) maintain the validity and enforceability of any registered IP Collateral and maintain such IP Collateral in full force and effect, and (ii) pursue the registration and maintenance of each Patent,
Trademark, or Copyright registration, issuance or application, now or hereafter included in such IP Collateral of such Grantor, including, without limitation, the payment of required fees and taxes, the filing of responses to office actions issued
by the U.S. Patent and Trademark Office, the U.S. Copyright Office or other governmental authorities, the filing of applications for renewal or extension, the filing of affidavits under Sections 8 and 15 of the U.S. Trademark Act, the filing of
divisional, continuation, continuation-in-part, reissue and renewal applications or extensions, the payment of maintenance fees and the participation in interference, reexamination, opposition, cancellation, infringement and misappropriation
proceedings. 
 (b) [Reserved]. 

(c) In the event that any Grantor becomes aware that any material item of the IP Collateral is being infringed or misappropriated by a third
party, such Grantor shall promptly notify the Collateral Agent and shall take such actions, at its expense, as such Grantor reasonably deems appropriate under the circumstances to protect or enforce such IP Collateral, including, without limitation,
suing for infringement or misappropriation and for an injunction against such infringement or misappropriation. 
 (d) Each Grantor shall
use proper statutory notice as commercially practical in connection with its use of each material item of its IP Collateral. Except to the extent permitted by subsection 4.02(h) below, or to the extent that failure to act could not reasonably
be expected to have a Material Adverse Effect, no Grantor shall do or permit any act or knowingly omit to do any act whereby any of its IP Collateral may lapse, be terminated or become invalid or unenforceable or dedicated to the public domain (or,
in the case of a trade secret, lose its competitive value). 
 (e) Except to the extent permitted by subsection 4.02(h) below, or to
the extent that failure to act could not reasonably be expected to have a Material Adverse Effect, each Grantor shall take all reasonable steps to preserve and protect each item of its IP Collateral, including, without limitation, maintaining the
quality of any and all products or services used or provided in connection with any of the Trademarks, consistent with the quality of the products and services as of the date hereof, and taking all reasonable steps necessary to ensure that all
licensed users of any of the Trademarks abide by the applicable license’s terms with respect to the standards of quality. 
 (f) Each
Grantor agrees that, should it obtain an ownership or other interest in any IP Collateral after the Closing Date (the “After-Acquired Intellectual Property”) (i) the provisions of this Agreement shall automatically apply
thereto, and (ii) any such After-Acquired 

  

					
		  	25	  	Security Agreement (First Lien)

 
Intellectual Property and, in the case of Trademarks, the goodwill symbolized thereby, shall automatically become part of the IP Collateral subject to the terms and conditions of this Agreement
with respect thereto. 
 (g) Once every fiscal quarter of the Borrower, but in no event, in the case of Copyrights, more than twenty
(20) days after filing an application with the U.S. Copyright Office, each Grantor shall sign and deliver to the Collateral Agent an appropriate Security Agreement Supplement and related Grant of Security Interest with respect to applications
for U.S. registration or U.S. registrations of IP Collateral owned by it as of the last day of such fiscal quarter, to the extent that such IP Collateral is not covered by any previous Security Agreement Supplement (and Grant of Security Interests)
so signed and delivered by it. In each case, it will promptly cooperate as reasonably necessary to enable the Collateral Agent to make any necessary or reasonably desirable recordations with the U.S. Copyright Office or the U.S. Patent and Trademark
Office, as appropriate. 
 (h) Notwithstanding the foregoing provisions of this Section 4.02 or elsewhere in this Agreement,
nothing in this Agreement shall prevent any Grantor from abandoning or discontinuing the use or maintenance of any or its IP Collateral, or from failing to take action to enforce license agreements or pursue actions against infringers, if such
Grantor has previously determined in its reasonable business judgment that such abandonment, discontinuance, or failure to take action is desirable in the conduct of its business. 

ARTICLE V 
 Remedies 

Section 5.01 Remedies Upon Default. Upon the occurrence and during the continuance of an Event of Default, subject to the
Intercreditor Agreement, it is agreed that the Collateral Agent shall have the right to exercise any and all rights afforded to a secured party under this Agreement, the UCC or other applicable law, and, subject to the Intercreditor Agreement, also
may (or, at the request of the Required Lenders, shall) (i) require each Grantor to, and each Grantor agrees that it will at its expense and 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 and time to be designated by the Collateral Agent that is reasonably convenient to both parties; (ii) occupy any premises owned or, to the extent lawful and
permitted, leased by any of the Grantors where the Collateral or any part thereof is assembled or located for a reasonable period in order to effectuate its rights and remedies hereunder or under law, without obligation to such Grantor in respect of
such occupation; provided that the Collateral Agent shall provide the applicable Grantor with notice thereof prior to or promptly after such occupancy; (iii) exercise any and all rights and remedies of any of the Grantors under or in
connection with the Collateral, or otherwise in respect of the Collateral; provided that the Collateral Agent shall provide the applicable Grantor with notice thereof prior to or promptly after such exercise; (iv) withdraw any and all
cash or other Collateral from any Collateral Account and apply such cash and other Collateral to the payment of any and all Secured Obligations in the manner provided in Section 5.02 of this Agreement; (v) subject to the mandatory
requirements of applicable law and the notice requirements described below, sell or otherwise dispose of all or any part of the Collateral securing the Secured Obligations at a public 

  

					
		  	26	  	Security Agreement (First Lien)

 
or private sale or at any broker’s board or on any securities exchange, for cash, upon credit or for future delivery as the Collateral Agent shall deem appropriate; and (vi) with
respect to any IP Collateral, on demand, cause the Security Interest to become an assignment, transfer and conveyance of any of or all such IP Collateral (provided that no such demand may be made unless an Event of Default has occurred and
has continued for thirty (30) days) by the applicable Grantors to the Collateral Agent, the Collateral Agent being free to sell, transfer, offer for sale, otherwise dispose of such IP Collateral, or license or sublicense, whether general,
special or otherwise, and whether on an exclusive or nonexclusive basis, any such IP Collateral throughout the world on such terms and conditions and in such manner as the Collateral Agent shall determine, provided, however, that such
terms shall include all terms and restrictions that customarily required to ensure the continuing validity and effectiveness of the IP Collateral at issue, such as, without limitation, notice, quality control and inurement provisions with regard to
Trademarks, patent designation provisions with regard to Patents, and copyright notices and restrictions or decompilation and reverse engineering of copyrighted software, and confidentiality protections for trade secrets. 

Each Grantor acknowledges and recognizes that (a) the Collateral Agent may be unable to effect a public sale of all or a part of the
Collateral consisting of securities by reason of certain prohibitions contained in the Securities Act of 1933, 15 U.S.C. §77, (as amended and in effect, the “Securities Act”) or the securities laws of various states (the
“Blue Sky Laws”), but may be compelled to resort to one or more private sales to a restricted group of purchasers who will be obliged to agree, among other things, to acquire such securities for their own account, for investment and
not with a view to the distribution or resale thereof, (b) private sales so made may be at prices and upon other terms less favorable to the seller than if such securities were sold at public sales, (c) neither the Collateral Agent nor any
other Secured Party has any obligation to delay sale of any of the Collateral for the period of time necessary to permit such securities to be registered for public sale under the Securities Act or the Blue Sky Laws, and (d) private sales made
under the foregoing circumstances shall be deemed to have been made in a commercially reasonable manner. To the maximum extent permitted by law, each Grantor hereby waives any claim against any Secured Party arising because the price at which any
Collateral may have been sold at a private sale was less than the price that 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. Upon
consummation of any such sale the Collateral Agent shall have the right to assign, transfer and deliver to the purchaser or purchasers thereof the Collateral so sold. Each such purchaser at any sale of Collateral 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 appraisal which such Grantor now has or may at any time in the future
have under any rule of law or statute now existing or hereafter enacted. 
 The Collateral Agent shall give the applicable Grantors ten
(10) days’ written notice (which each Grantor agrees is reasonable notice within the meaning of Section 9-611 of the UCC or its equivalent in other jurisdictions) of the Collateral Agent’s intention to make any sale of
Collateral. Such notice, in the case of a public sale, shall state the time and place for such sale and, in the case of a sale at a broker’s board or on a securities exchange, shall state the board or exchange at which such sale is to be made
and the day on which the Collateral, or portion thereof, will first be offered for sale at such board or exchange. Any such public sale shall be 

  

					
		  	27	  	Security Agreement (First Lien)

 
held at such time or times within ordinary business hours and at such place or places as the Collateral Agent may fix and state in the notice (if any) of such sale. The Collateral Agent may
conduct one or more going out of business sales, in the Collateral Agent’s own right or by one or more agents and contractors. Such sale(s) may be conducted upon any premises owned, leased, or occupied by any Grantor. The Collateral Agent and
any such agent or contractor, in conjunction with any such sale, may augment the Inventory with other goods (all of which other goods shall remain the sole property of the Collateral Agent or such agent or contractor). Any amounts realized from the
sale of such goods which constitute augmentations to the Inventory (net of an allocable share of the costs and expenses incurred in their disposition) shall be the sole property of the Collateral Agent or such agent or contractor and neither any
Grantor nor any Person claiming under or in right of any Grantor shall have any interest therein. At any such sale, the Collateral, or portion thereof, to be sold may be sold in one lot as an entirety or in separate parcels, as the Collateral Agent
may (in its sole and absolute discretion) determine. The Collateral Agent shall not be obligated to make any sale of any Collateral if it shall determine not to do so, regardless of the fact that notice of sale of such Collateral shall have been
given. The Collateral Agent may, without notice or publication, adjourn any public or private sale or cause the same to be adjourned from time to time by announcement at the time and place fixed for sale, and such sale may, without further notice,
be made at the time and place to which the same was so adjourned. In case any sale of all or any part of the Collateral is made on credit or for future delivery, the Collateral so sold may be retained by the Collateral Agent until the sale price is
paid by the purchaser or purchasers thereof, but the Collateral Agent shall not incur any liability in case any such purchaser or purchasers shall fail to take up and pay for the Collateral so sold and, in case of any such failure, such Collateral
may be sold again upon like notice. At any public (or, to the extent permitted by applicable law, private) sale made pursuant to this Agreement, any Secured Party may bid for or purchase, free (to the extent permitted by applicable law) from any
right of redemption, stay, valuation or appraisal on the part of any Grantor (all said rights being also hereby waived and released to the extent permitted by applicable law), the Collateral or any part thereof offered for sale and may make payment
on account thereof by using any claim then due and payable to such Secured Party from any Grantor as a credit against the purchase price, and such Secured Party may, upon compliance with the terms of sale, hold, retain and dispose of such property
without further accountability to any Grantor therefor. For purposes of determining the Grantors’ rights in the Collateral, a written agreement to purchase the Collateral or any portion thereof shall be treated as a sale thereof; the Collateral
Agent shall be free to carry out such sale pursuant to such agreement and no Grantor shall be entitled to the return of the Collateral or any portion thereof subject thereto, notwithstanding the fact that after the Collateral Agent shall have
entered into such an agreement all Events of Default shall have been remedied and the Secured Obligations paid in full, provided, however, that such agreements shall include all terms and restrictions that are customarily required to
ensure the continuing validity and effectiveness of the IP Collateral at issue, such as, without limitation, quality control and inurement provisions with regard to Trademarks, patent designation provisions with regard to patents, and copyright
notices and restrictions or decompilation and reverse engineering of copyrighted software, and protecting the confidentiality of trade secrets. As an alternative to exercising the power of sale herein conferred upon it, the Collateral Agent may
proceed by a suit or suits at law or in equity to foreclose this Agreement and to sell the Collateral or any portion thereof pursuant to a judgment or decree of a court or courts having competent jurisdiction or pursuant to a proceeding by a court
appointed receiver. Any sale pursuant to the provisions of 

  

					
		  	28	  	Security Agreement (First Lien)

 
this Section 5.01 shall be deemed to conform to the commercially reasonable standards as provided in Section 9-610(b) of the UCC or its equivalent in other jurisdictions. 

Each Grantor irrevocably makes, constitutes and appoints the Collateral Agent (and all officers, employees or agents designated by the
Collateral Agent) as such Grantor’s true and lawful agent (and attorney-in-fact) during the continuance of an Event of Default and after notice to the Borrower of its intent to exercise such rights (except in the case of a Bankruptcy Event of
Default, in which case no such notice shall be required), for the purpose of, subject to the Intercreditor Agreement, (i) making, settling and adjusting claims in respect of Article 9 Collateral under policies of insurance, endorsing the name
of such Grantor on any check, draft, instrument or other item of payment for the proceeds of such policies of insurance, (ii) making all determinations and decisions with respect thereto and (iii) obtaining or maintaining the policies of
insurance required by Section 5.02 of the First Lien Credit Agreement or to pay any premium in whole or in part relating thereto. All sums disbursed by the Collateral Agent in connection with this paragraph, including reasonable out-of-pocket
attorneys’ fees, court costs, expenses and other charges relating thereto, shall be payable, within ten (10) days of demand, by the Grantors to the Collateral Agent and shall be additional Secured Obligations secured hereby. 

By accepting the benefits of this Agreement and each other Security Document, the Secured Parties expressly acknowledge and agree that this
Agreement and each other Security Document may be enforced only by the action of the Collateral Agent and that no other Secured Party shall have any right individually to seek to enforce or to enforce this Agreement or to realize upon the security
to be granted hereby, it being understood and agreed that such rights and remedies may be exercised by the Collateral Agent for the benefit of the Secured Parties upon the terms of this Agreement and the other Security Documents. 

Section 5.02 Application of Proceeds. After the exercise of remedies provided for in Section 5.01 (or after the Loans have
automatically become immediately due and payable as set forth in clause (ii) of the last paragraph of Section 8.01(1) of the First Lien Credit Agreement), subject to the Intercreditor Agreement, any amounts received on account of the
Obligations shall be applied by the Administrative Agent in the following order: 
 First, to payment of that portion of the
Obligations constituting fees, indemnities, expenses and other amounts (other than principal and interest, but including attorney costs payable under Section 10.05 and amounts payable under Article II, in each case, of the First Lien
Credit Agreement) payable to the Administrative Agent in its capacity as such;  
 Second, to payment of that portion of the
Obligations constituting fees, indemnities and other amounts (other than principal and interest) payable to the Lenders (including attorney costs payable under Section 10.05 and amounts payable under Article II, in each case, of the
First Lien Credit Agreement), ratably among them in proportion to the amounts described in this clause Second payable to them;  

Third, to payment of that portion of the Obligations constituting accrued and unpaid interest on the Loans, ratably among the Lenders
in proportion to the respective amounts described in this clause Third payable to them; 

  

					
		  	29	  	Security Agreement (First Lien)

 Fourth, to payment of that portion of the Obligations constituting unpaid principal
of the Loans, the Obligations under Specified Hedge Agreements and Cash Management Obligations, ratably among the Secured Parties in proportion to the respective amounts described in this clause Fourth held by them;  

Fifth, to the payment of all other Obligations of the Loan Parties that are due and payable to the Administrative Agent and the other
Secured Parties on such date, ratably based upon the respective aggregate amounts of all such Obligations owing to the Administrative Agent and the other Secured Parties on such date; and  

Last, the balance, if any, after all of the Obligations have been paid in full, to the Borrower or as otherwise required by law. 

The Collateral Agent shall have absolute discretion as to the time of application of any such proceeds, moneys or balances in accordance with
this Agreement. Upon any sale of Collateral by the Collateral Agent (including pursuant to a power of sale granted by statute or under a judicial proceeding), the receipt of the Collateral Agent or of the officer making the sale shall be a
sufficient discharge to the purchaser or purchasers of the Collateral so sold and such purchaser or purchasers shall not be obligated to see to the application of any part of the purchase money paid over to the Collateral Agent or such officer or be
answerable in any way for the misapplication thereof. It is understood and agreed that the Grantors shall remain jointly and severally liable to the extent of any deficiency between the amount of the proceeds of the Collateral and the aggregate
amount of the Secured Obligations. 
 Notwithstanding anything to the contrary in this Agreement or any other Loan Document, in no
circumstances shall proceeds of any Collateral constituting an asset of a Loan Party or a Limited Guarantor, in each case, which is not a Qualified ECP Guarantor (as defined in the Guaranty Agreement) be applied towards the payment of any
Obligations under Specified Hedge Agreements. 
 ARTICLE VI 

Indemnity, Subrogation and Subordination 

Upon payment by any Grantor of any Secured Obligations, all rights of such Grantor against the Borrower or any other Grantor arising as a
result thereof by way of right of subrogation, contribution, reimbursement, indemnity or otherwise shall in all respects be subordinate and junior in right of payment to the prior payment in full in cash of all the Secured Obligations (other than
(i) contingent indemnity obligations for then unasserted claims; (ii) obligations and liabilities under Specified Hedge Agreements as to which arrangements satisfactory to the applicable Qualified Counterparty shall have been made; and
(iii) Cash Management Obligations as to which arrangements satisfactory to the applicable Cash Management Bank shall have been made) and the termination of all Commitments. If any amount shall be paid to the Borrower or any other Grantor in
contravention of the foregoing subordination on account of (i) such subrogation, contribution, reimbursement, indemnity or similar right or (ii) any such indebtedness of the Borrower or any other Grantor, such amount shall be held in trust
for the benefit of the Secured Parties and shall forthwith be paid to the 

  

					
		  	30	  	Security Agreement (First Lien)

 
Collateral Agent to be credited against the payment of the Secured Obligations, whether matured or unmatured, in accordance with the terms of the First Lien Credit Agreement and the other Loan
Documents. Subject to the foregoing, to the extent that any Grantor (other than the Borrower) shall, under this Agreement or the First Lien Credit Agreement as a joint and several obligor, repay any of the Secured Obligations (an
“Accommodation Payment”), then the Grantor making such Accommodation Payment shall be entitled to contribution and indemnification from, and be reimbursed by, each of the other Grantors in an amount equal to a fraction of such
Accommodation Payment, the numerator of which fraction is such other Grantor’s Allocable Amount and the denominator of which is the sum of the Allocable Amounts of all of the Grantors. As of any date of determination, the
“Allocable Amount” of each Grantor shall be equal to the maximum amount of liability for Accommodation Payments which could be asserted against such Grantor hereunder and under the First Lien Credit Agreement without
(a) rendering such Grantor “insolvent” within the meaning of Section 101 (32) of the Bankruptcy Code of the United States, Section 2 of the Uniform Fraudulent Transfer Act (“UFTA”) or Section 2 of
the Uniform Fraudulent Conveyance Act (“UFCA”), (b) leaving such Grantor with unreasonably small capital or assets, within the meaning of Section 548 of the Bankruptcy Code of the United States, Section 4 of the UFTA,
or Section 5 of the UFCA, or (c) leaving such Grantor unable to pay its debts as they become due within the meaning of Section 548 of the Bankruptcy Code of the United States or Section 4 of the UFTA, or Section 5 of the
UFCA. 
 ARTICLE VII 

Miscellaneous 

Section 7.01 Notices. All communications and notices hereunder shall (except as otherwise expressly permitted herein) be in
writing and given as provided in Section 10.01 of the First Lien Credit Agreement. All communications and notices hereunder to a Grantor other than the Borrower shall be given in care of the Borrower. 

Section 7.02 Waivers; Amendment. (a) No failure or delay by the Collateral Agent in exercising any right or power hereunder
or under any other Loan Document shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or further
exercise thereof or the exercise of any other right or power. The rights and remedies of the Collateral Agent hereunder and under the other Loan Documents are cumulative and are not exclusive of any other rights or remedies that they would otherwise
have. No waiver of any provision of this Agreement or consent to any departure by any Loan Party therefrom shall in any event be effective unless the same shall be permitted by paragraph (b) of this Section 7.02, and then such
waiver or consent shall be effective only in the specific instance and for the purpose for which given. Without limiting the generality of the foregoing, the making of any Loan shall not be construed as a waiver of any Default or Event of Default,
regardless of whether the Collateral Agent or any other Secured Party may have had notice or knowledge of such Default or Event of Default at the time. 

(b) Subject to the Intercreditor Agreement, neither this Agreement nor any provision hereof may be waived, amended or modified except pursuant
to an agreement or agreements in writing entered into by the Collateral Agent and the Grantor or Grantors with 

  

					
		  	31	  	Security Agreement (First Lien)

 
respect to which such waiver, amendment or modification is to apply, subject to any consent required in accordance with Section 10.08 of the First Lien Credit Agreement. 

Section 7.03 Collateral Agent’s Fees and Expenses; Indemnification. (a) The parties hereto agree that the Collateral
Agent shall be entitled to reimbursement for its reasonable expenses incurred hereunder to the extent provided in Section 10.05(1) of the First Lien Credit Agreement. 

(b) Without limitation or duplication of its indemnification obligations under the other Loan Documents, each Grantor jointly and severally
agrees to indemnify the Administrative Agent, the Collateral Agent, the Arrangers and the other Indemnitees against, and hold each Indemnitee harmless from, any and all liabilities, obligations, losses, damages, penalties, claims, demands, actions,
judgments, suits, costs, expenses and disbursements (including Attorney Costs) of any kind or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating to or arising out of or in
connection with (but limited, in the case of legal fees and expenses, to the Attorney Costs of one counsel to all Indemnitees taken as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant
jurisdiction that is material to the interest of the Indemnitees (which may be a single local counsel acting in multiple material jurisdictions), and solely in the case of an actual conflict of interest where the Indemnitee affected by such conflict
of interest informs the Borrower in writing of such conflict, one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) (a) the execution, delivery, enforcement, performance
or administration of this Agreement or any other agreement, letter or instrument delivered in connection with the transactions contemplated hereby or the consummation of the transactions contemplated hereby, (b) any actual or alleged presence
or release of Hazardous Materials on or from any property currently or formerly owned or operated by any Grantor, or any liability arising out of the activities or operations of any Grantor that violate any Environmental Laws, or (c) any actual
or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim,
investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectively, the “Grantor Indemnified Liabilities”); provided that such indemnity shall not, as to any
Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from (w) the gross negligence, bad faith, or willful
misconduct of such Indemnitee or of any Related Party, (x) a material breach of any obligations under any Loan Document by such Indemnitee or of any Related Party as determined by a final, non-appealable judgment of a court of competent
jurisdiction, (y) any dispute solely among Indemnitees or of any Related Party other than any claims against an Indemnitee in its capacity or in fulfilling its role as the Collateral Agent or an Arranger under the Term Facility and other than
any claims arising out of any act or omission of any Grantor or any of their respective Affiliates or (z) any settlement entered into by any Indemnitee or of any Related Party of such Indemnitee in respect of any Grantor Indemnified Liability,
in each case, without each Grantor’s (or the Borrower’s, on behalf of each Grantor) prior written consent (such consent not to be unreasonably withheld or delayed), but, if such settlement occurs with Grantor’s (or the Borrower’s
on behalf of each Grantor) written consent or if there is a final judgment for the plaintiff in any action or claim 

  

					
		  	32	  	Security Agreement (First Lien)

 
with respect to any of the foregoing, the Grantor shall be liable for such settlement or for such final judgment. To the extent that the undertakings to indemnify and hold harmless set forth in
this Section 7.03(b) may be unenforceable in whole or in part because they are violative of any applicable law or public policy, the Grantors shall jointly with the other Grantors and severally contribute the maximum portion that it is
permitted to pay and satisfy under applicable law to the payment and satisfaction of all Grantor Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the use by others of any
information or other materials obtained through IntraLinks or other similar information transmission systems in connection with this Agreement, except to the extent resulting from the willful misconduct, bad faith or gross negligence of such
Indemnitee or any Related Party (as determined by a final and non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Grantor have any liability for any special, punitive, indirect or consequential damages
relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other than, in the case of any Grantor, in respect of any such damages incurred or
paid by an Indemnitee to a third party). In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 7.03(b) applies, such indemnity shall be effective whether or not such investigation, litigation or
proceeding is brought by any Grantor, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or
under any of the other Loan Documents is consummated. This Section 7.03(b) shall not apply to Taxes, Other Taxes, taxes covered by Section 2.12 of the First Lien Credit Agreement or Excluded Taxes, except it shall apply to any taxes (other
than taxes imposed on or measured by net income (however denominated, and including branch profits and similar taxes) and franchise or similar taxes) that represent losses, claims, damages, etc. arising from a non-tax claim (including a value added
tax or similar tax charged with respect to the supply of legal or other services). 
 (c) Any such amounts payable as provided hereunder
shall be additional Secured Obligations secured hereby and by the other Security Documents. The provisions of this Section 7.03 shall remain operative and in full force and effect regardless of the termination of this Agreement, any
other Loan Document, the repayment of any of the Secured Obligations, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document, any resignation of the Collateral Agent or any investigation made by or
on behalf of the Administrative Agent or any other Secured Party. All amounts due under this Section 7.03 shall be payable within twenty (20) Business Days after written demand therefor. 

Section 7.04 Successors and Assigns. Whenever in this Agreement any of the parties hereto is referred to, such reference shall be
deemed to include the permitted successors and assigns of such party; and all covenants, promises and agreements by or on behalf of any Grantor or the Collateral Agent that are contained in this Agreement shall bind and inure to the benefit of their
respective permitted successors and assigns. Except in a transaction expressly permitted under the First Lien Credit Agreement, no Grantor may assign any of its rights or obligations hereunder without the written consent of the Collateral Agent.

 Section 7.05 Survival of Agreement. Without limitation of any provision of the First Lien Credit Agreement or
Section 7.03 hereof, all covenants, agreements, indemnities, 

  

					
		  	33	  	Security Agreement (First Lien)

 
representations and warranties made by the Grantors in the Loan Documents and in the certificates or other instruments delivered in connection with or pursuant to this Agreement or any other Loan
Document shall be considered to have been relied upon by the Lenders and shall survive the execution and delivery of the Loan Documents and the making of any Loans, regardless of any investigation made by any such Lender or on its behalf and
notwithstanding that the Collateral Agent or any Lender may have had notice or knowledge of any Default or Event of Default or incorrect representation or warranty at the time any credit is extended under the First Lien Credit Agreement, and shall
continue in full force and effect until this Agreement is terminated as provided in Section 7.12 hereof, or with respect to any individual Grantor until such Grantor is otherwise released from its obligations under this Agreement in
accordance with the terms hereof. 
 Section 7.06 Counterparts; Effectiveness; Several Agreement. This Agreement may be executed
in one or more counterparts, each of which shall be deemed an original but all of which when taken together shall constitute one and the same instrument. Delivery by telecopier or by electronic .pdf copy of an executed counterpart of a signature
page to this Agreement shall be effective as delivery of an original executed counterpart of this Agreement. This Agreement shall become effective when it shall have been executed by each Closing Date Grantor (and, with respect to each Person that
becomes a Grantor hereunder following the Closing Date, on the date of delivery of a Security Agreement Supplement by such Grantor) and the Collateral Agent and thereafter shall be binding upon and inure to the benefit of each Grantor and the
Collateral Agent and the other Secured Parties and their respective permitted successors and assigns, subject to Section 7.04 hereof. This Agreement shall be construed as a separate agreement with respect to each Grantor and may be
amended, restated, modified, supplemented, waived or released with respect to any Grantor without the approval of any other Grantor and without affecting the obligations of any other Grantor hereunder. 

Section 7.07 Severability. If any provision of this Agreement is held to be invalid, illegal, or unenforceable, the legality,
validity and enforceability of the remaining provisions of this Agreement shall not be affected or impaired thereby. The invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable such provision in any other
jurisdiction. 
 Section 7.08 GOVERNING LAW, ETC. (a) THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE
WITH, THE LAW OF THE STATE OF NEW YORK. 
 (b) THE GRANTORS AND THE COLLATERAL AGENT EACH IRREVOCABLY AND UNCONDITIONALLY SUBMITS, FOR
ITSELF AND ITS PROPERTY, TO THE EXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK CITY IN THE BOROUGH OF MANHATTAN AND OF THE UNITED STATES DISTRICT COURT OF THE SOUTHERN DISTRICT OF NEW YORK, AND ANY APPELLATE COURT
FROM ANY THEREOF, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT, OR FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, AND EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY AGREES THAT ALL CLAIMS IN RESPECT OF ANY
SUCH ACTION OR PROCEEDING MAY BE HEARD AND 
  

  

					
		  	34	  	Security Agreement (First Lien)

 
DETERMINED IN SUCH NEW YORK STATE COURT OR, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN SUCH FEDERAL COURT. EACH OF THE PARTIES HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR
PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. EACH PARTY HERETO AGREES THAT THE COLLATERAL AGENT RETAINS THE RIGHT TO SERVE PROCESS IN ANY OTHER MANNER
PERMITTED BY LAW OR TO BRING PROCEEDINGS AGAINST ANY GRANTOR IN THE COURTS OF ANY OTHER JURISDICTION IN CONNECTION WITH THE EXERCISE OF ANY RIGHTS UNDER THIS AGREEMENT OR THE ENFORCEMENT OF ANY JUDGMENT. 

(c) THE GRANTORS AND THE COLLATERAL AGENT EACH IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY
OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT IN ANY COURT REFERRED TO IN PARAGRAPH (b) OF THIS SECTION. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY
WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION OR PROCEEDING IN ANY SUCH COURT. 

Section 7.09 WAIVER OF RIGHT TO TRIAL BY JURY. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY
APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH
PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND
(B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 

Section 7.10 Headings. Article and Section headings and the Table of Contents used herein are for convenience of reference only,
are not part of this Agreement and are not to affect the construction of, or to be taken into consideration in interpreting, this Agreement. 

Section 7.11 Security Interest Absolute. All rights of the Collateral Agent hereunder, the Security Interest, the grant of a
security interest in the Pledged Collateral and all obligations of each Grantor hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the First Lien Credit Agreement, any other Loan
Document, any Specified Hedge Agreements, any Cash Management Services, any agreement with respect to any of the Secured Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or
place of payment of, or in any other term of, all 
  

  

					
		  	35	  	Security Agreement (First Lien)

 
or any of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the First Lien Credit Agreement, any other Loan Document, any Specified Hedge
Agreements, any Cash Management Services, or any other agreement or instrument, (c) any exchange, release or non-perfection of any Lien on other collateral, or any release or amendment or waiver of or consent under or departure from any
guarantee, securing or guaranteeing all or any of the Secured Obligations or (d) subject only to termination of a Grantor’s obligations hereunder in accordance with the terms of Section 7.12, but without prejudice to
reinstatement rights under Section 2.04 of the Guaranty Agreement, any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Grantor in respect of the Secured Obligations or this Agreement. 

Section 7.12 Termination or Release. (a) This Agreement, the Security Interest and all other security interests granted
hereby shall terminate with respect to all Secured Obligations when (i) all Commitments have expired or been terminated and the Lenders have no further commitment to lend under the Credit Agreement and (ii) all outstanding Secured
Obligations (other than (A) contingent indemnification obligations with respect to then unasserted claims and (B) Secured Obligations in respect of obligations that may thereafter arise with respect to Obligations in respect of Specified
Hedge Agreements and Cash Management Obligations, in each case, not yet due and payable; unless the Collateral Agent has received written notice, at least two (2) Business Days prior to the proposed date of any such release of the Security
Interest, stating that arrangements reasonably satisfactory to the applicable Cash Management Bank or Qualified Counterparty or applicable Secured Party, as the case may be, in respect thereof have not been made) shall have been paid in full in
cash, provided, however, that in connection with the termination of this Agreement, the Collateral Agent may require such indemnities as it shall reasonably deem necessary or appropriate to protect the Secured Parties against
(x) loss on account of credits previously applied to the Secured Obligations that may subsequently be reversed or revoked, and (y) any obligations that may thereafter arise with respect to the Obligations in respect of Specified Hedge
Agreements and Cash Management Obligations, in each case to the extent not provided for thereunder. 
 (b) The Security Interest in any
Collateral shall be automatically released in the circumstances set forth in Sections 10.18 or 9.01(4) of the First Lien Credit Agreement or upon any release of the Lien on such Collateral in accordance with Sections 10.18, 9.01(4)(c) or (b) of
the First Lien Credit Agreement, including, without limitation, in connection with any property (and any related rights and any related assets) that is sold or otherwise transferred in connection with a sale and leaseback transaction permitted by
the Loan Documents. 
 (c) In connection with any termination or release pursuant to paragraph (a) or (b) above, the
Collateral Agent shall promptly execute and deliver to any Grantor, at such Grantor’s expense, all documents that such Grantor shall reasonably request to evidence such termination or release and take all other actions reasonably requested by
any Grantor, at such Grantor’s expense, in connection with such release, including authorizing such Grantor or its representatives to file any UCC amendment or termination statements with respect to such release. Any execution and delivery of
documents pursuant to this Section 7.12 shall be without recourse to or warranty by the Collateral Agent. 
  

  

					
		  	36	  	Security Agreement (First Lien)

 (d) At any time that the respective Grantor desires that the Collateral Agent take any of
the actions described in immediately preceding clause (c), it shall, upon request of the Collateral Agent, deliver to the Collateral Agent an officer’s certificate certifying that the release of the respective Collateral is permitted
pursuant to paragraph (a) or (b). The Collateral Agent shall have no liability whatsoever to any Secured Party as the result of any release of Collateral by it as permitted (or which the Collateral Agent in good faith believes to be permitted)
by this Section 7.12. 
 Section 7.13 Additional Restricted Subsidiaries. To the extent required by
Section 5.10 of the First Lien Credit Agreement a Restricted Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein, and such Restricted Subsidiary shall execute and deliver to the
Administrative Agent a Security Agreement Supplement. The execution and delivery of any such instrument shall not require the consent of any other Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and
effect notwithstanding the addition of any new Grantor as a party to this Agreement. 
 Section 7.14 Collateral Agent Appointed
Attorney-in-Fact. (a) Each Grantor hereby appoints the Collateral Agent the true and lawful attorney-in-fact of such Grantor for the purpose of carrying out the provisions of this Agreement and taking any action and executing any instrument
that the Collateral Agent may deem necessary or advisable to accomplish the purposes hereof at any time after and during the continuance of an Event of Default, which appointment is irrevocable and coupled with an interest. Without limiting the
generality of the foregoing, the Collateral Agent shall have the right, subject to the Intercreditor Agreement, upon the occurrence and during the continuance of an Event of Default and (unless a Bankruptcy Event of Default has occurred and is
continuing, in which case no such notice shall be required) delivery of notice by the Collateral Agent to the Borrower of its intent to exercise such rights, with full power of substitution either in the Collateral Agent’s name or in the name
of such Grantor (i) to receive, endorse, assign and/or deliver any and all notes, acceptances, checks, drafts, money orders or other evidences of payment relating to the Collateral or any part thereof; (ii) to demand, collect, receive
payment of, give receipt for and give discharges and releases of all or any of the Collateral; (iii) to sign the name of any Grantor on any invoice or bill of lading relating to any of the Collateral; (iv) to send verifications of Accounts
to any Account Debtor; (v) to commence and prosecute any and all suits, actions or proceedings at law or in equity in any court of competent jurisdiction to collect or otherwise realize on all or any of the Collateral or to enforce any rights
in respect of any Collateral; (vi) to settle, compromise, compound, adjust or defend any actions, suits or proceedings relating to all or any of the Collateral; (vii) to notify, or to require any Grantor to notify, Account Debtors to make
payment directly to the Collateral Agent or to a Collateral Account and adjust, settle or compromise the amount of payment of any Account or related contracts; (viii) to make, settle and adjust claims in respect of Collateral under policies of
insurance and to endorse the name of such Grantor on any check, draft, instrument or any other item of payment with respect to the proceeds of such policies of insurance and for making all determinations and decisions with respect thereto; and
(ix) to use, sell, assign, transfer, pledge, make any agreement with respect to or otherwise deal with all or any of the Collateral, and to do all other acts and things necessary to carry out the purposes of this Agreement, as fully and
completely as though the Collateral Agent were the absolute owner of the Collateral for all purposes; provided that nothing herein contained shall be construed as 

  

					
		  	37	  	Security Agreement (First Lien)

 
requiring or obligating the Collateral Agent to make any commitment or to make any inquiry as to the nature or sufficiency of any payment received by the Collateral Agent, or to present or file
any claim or notice, or to take any action with respect to the Collateral or any part thereof or the moneys due or to become due in respect thereof or any property covered thereby. The Collateral Agent and the other Secured Parties shall be
accountable only for amounts actually received as a result of the exercise of the powers granted to them herein, and neither they nor their officers, directors, employees or agents shall be responsible to any Grantor for any act or failure to act
hereunder, except for their own gross negligence or willful misconduct or that of any of their Affiliates, directors, officers, employees, counsel, agents or attorneys-in-fact. 

(b) All acts in accordance with this Section 7.14 of said attorney or designee are hereby ratified and approved by the Grantors.
The powers conferred on the Collateral Agent, for the benefit of the Secured Parties, under this Section 7.14 are solely to protect the Collateral Agent’s interests in the Collateral and shall not impose any duty upon the Collateral
Agent or any Secured Party to exercise any such powers. 
 Section 7.15 General Authority of the Collateral Agent. By acceptance
of the benefits of this Agreement and any other Security Documents, each Secured Party (whether or not a signatory hereto) shall be deemed irrevocably (a) to consent to the appointment of the Collateral Agent as its agent hereunder and under
such other Security Documents, (b) to confirm that the Collateral Agent shall have the authority to act as the exclusive agent of such Secured Party for the enforcement of any provisions of this Agreement and such other Security Documents
against any Grantor, the exercise of remedies hereunder or thereunder and the giving or withholding of any consent or approval hereunder or thereunder relating to any Collateral or any Grantor’s obligations with respect thereto, (c) to
agree that it shall not take any action to enforce any provisions of this Agreement or any other Security Document against any Grantor, to exercise any remedy hereunder or thereunder or to give any consents or approvals hereunder or thereunder
except as expressly provided in this Agreement or any other Security Document and (d) to agree to be bound by the terms of this Agreement and any other Security Documents. 

Section 7.16 Collateral Agent’s Duties. Except for the safe 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, as to ascertaining or taking action with respect to calls, conversions, exchanges, maturities, tenders or other matters relative to any
Collateral, whether or not any Secured Party has or is deemed to have knowledge of such matters, or as to the taking of any necessary steps to preserve rights against any parties or any other rights pertaining to any Collateral. The Collateral Agent
shall be deemed to have exercised reasonable care in the custody and preservation of any Collateral in its possession if such Collateral is accorded treatment substantially equal to that which it accords its own property. 

Section 7.17 Recourse; Limited Obligations. This Agreement is made with full recourse to each Grantor and pursuant to and upon all
the warranties, representations, covenants and agreements on the part of such Grantor contained herein, in the First Lien Credit Agreement and the other Loan Documents and otherwise in writing in connection herewith or therewith, with respect to the
Secured Obligations of each applicable Secured Party. It is the desire and intent of each Grantor and each applicable Secured Party that this Agreement shall be enforced 

  

					
		  	38	  	Security Agreement (First Lien)

 
against each Grantor to the fullest extent permissible under applicable law applied in each jurisdiction in which enforcement is sought. 

Section 7.18 Mortgages. In the event that any of the Collateral hereunder is also subject to a valid and enforceable Lien under
the terms of a Mortgage and the terms thereof are inconsistent with the terms of this Agreement, then with respect to such Collateral, the terms of such Mortgage shall control in the case of fixtures and real property leases, letting and licenses
of, and contracts, and agreements relating to the lease of, real property, and the terms of this Agreement shall control in the case of all other Collateral. 

Section 7.19 Intercreditor Agreement. (a) Notwithstanding anything herein to the contrary, the Liens granted to the
Collateral Agent under this Agreement and the exercise of the rights and remedies of the Collateral Agent hereunder and under any other Security Document are subject to the provisions of the Intercreditor Agreement. In the event of any conflict
between the terms of the Intercreditor Agreement and this Agreement or any other Security Document, the terms of the Intercreditor Agreement shall govern and control. Notwithstanding anything to the contrary herein, the Collateral Agent acknowledges
and agrees that no Grantor shall be required to take or refrain from taking any action at the request of the Collateral Agent with respect to the Collateral if such action or inaction would be inconsistent with the terms of the Intercreditor
Agreement. 
 (b) Subject to the foregoing, (i) to the extent the provisions of this Agreement (or any other Security Documents)
require the delivery of, or control over, ABL Priority Collateral to be granted to the Collateral Agent at any time prior to the Discharge of ABL Obligations, then delivery of such ABL Priority Collateral (or control with respect thereto, (and any
related approval or consent rights)) shall instead be granted to the ABL Agent, to be held in accordance with the ABL Documents (as defined in the Intercreditor Agreement) and subject to the Intercreditor Agreement and (ii) any provision of
this Agreement (or any other Security Documents) requiring Grantors to name the Collateral Agent as an additional insured or a loss payee under any insurance policy or a beneficiary of any letter of credit, such requirement shall have been complied
with if any such insurance policy or letter of credit also names the ABL Agent and/or the Second Lien Term Agent as an additional insured, loss payee or beneficiary, as the case may be, in each case pursuant and subject to the terms of the
Intercreditor Agreement. 
 (c) Furthermore, at all times prior to the Discharge of ABL Obligations, the Collateral Agent is authorized by
the parties hereto to effect transfers of ABL Priority Collateral at any time in its possession (and any “control” or similar agreements with respect to ABL Priority Collateral) to the ABL Agent . 

(d) Notwithstanding anything to the contrary herein but subject to the Intercreditor Agreement, in the event the ABL Documents (as defined in
the Intercreditor Agreement) and/or Second Lien Term Documents (as defined in the Intercreditor Agreement) provide for the grant of a security interest or pledge over the assets of any Grantor and such assets do not otherwise constitute Collateral
under this Agreement or any other Loan Document, such Grantor shall (i) promptly grant a security interest in or pledge such assets to secure the Secured Obligations, (ii) promptly take any actions necessary to perfect such security
interest or pledge to the extent set forth in the ABL Facilities Documentation and/or Second Lien Facilities 

  

					
		  	39	  	Security Agreement (First Lien)

 
Documentation and (iii) take all other steps reasonably requested by the Collateral Agent in connection with the foregoing. 

(e) Nothing contained in the Intercreditor Agreement shall be deemed to modify any of the provisions of this Agreement, which, as among the
Grantors and the Collateral Agent shall remain in full force and effect in accordance with its terms. 
 Section 7.20 Right of
Setoff 
 Subject to Section 2.15 of the First Lien Credit Agreement, if an Event of Default shall have occurred and be continuing,
each Lender and each other Secured Party is hereby authorized by each Grantor at any time and from time to time, after obtaining the prior written consent of the Administrative Agent, to the fullest extent permitted by applicable law, to set off and
apply any and all deposits (general or special, time or demand, provisional or final, in whatever currency) at any time held and other obligations (in whatever currency) at any time owing by such Lender or any such Secured Party to or for the credit
or the account of any Grantor against any and all of the obligations of the Grantor now or hereafter existing under this Agreement or any other Loan Document to such Secured Party, irrespective of whether or not such Secured Party shall have made
any demand under this Agreement or any other Loan Document and although such obligations of such Grantor may be contingent or unmatured or are owed to a branch or office of such Secured Party different from the branch or office holding such deposit
or obligated on such indebtedness. The rights of each Secured Party under this Section are in addition to other rights and remedies (including other rights of setoff) that such Secured Party may have. Each Lender agrees to notify the Borrower and
the Administrative Agent promptly after any such setoff and application, provided that the failure to give such notice shall not affect the validity of such setoff and application. 

[Signature Pages Follow] 

  

					
		  	40	  	Security Agreement (First Lien)

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

			
	BJ’S WHOLESALE CLUB, INC., as the Borrower

 
			
		
	By:	 	  

		 	Name:
		 	Title:

 
			
	
	BEACON HOLDING INC., as Holdings

 
			
		
	By:	 	  

		 	Name:
		 	Title:

  

 
			
	SUBSIDIARY LOAN PARTIES:
	
	BJME OPERATING CORP., as a Subsidiary Loan Party

 
			
		
	By:	 	  

		 	Name:
		 	Title:

 
			
	
	BJNH OPERATING CO., LLC, as a Subsidiary Loan Party

 
			
		
	By:	 	  

		 	Name:
		 	Title:

 
			
	
	NATICK REALTY, INC., as a Subsidiary Loan Party

 
			
		
	By:	 	  

		 	Name:
		 	Title:

  

 
			
	COLLATERAL AGENT:
	
	NOMURA CORPORATE FUNDING AMERICAS, LLC, as Collateral Agent

 
			
		
	By:	 	  

		 	Name:
		 	Title:

  

 SCHEDULE I TO SECURITY AGREEMENT 

SUBSIDIARY LOAN PARTIES 
 BJME OPERATING
CORP. 
 BJNH OPERATING CO., LLC 
 NATICK REALTY, INC. 

 

  

					
		  		  	Security Agreement (First Lien)

 SCHEDULE II TO SECURITY AGREEMENT 

EQUITY INTERESTS 
  

											
	 Issuer
	  	 Registered
Owner/Grantor
	  	 Percentage of

Equity
 Interests
	  	 Number

of Shares
	  	 Class of

Equity
 Interest
	  	 Number of

Certificate

	BJ’s Wholesale Club, Inc.	  	Beacon Holding Inc.	  	100%	  	10	  	Common Stock	  	1
	CWC Beverages Corp	  	BJ’s Wholesale Club, Inc.	  	100%	  	1	  	Common Stock	  	3
	JWC Beverages Corp.	  	BJ’s Wholesale Club, Inc.	  	100%	  	1	  	Common Stock	  	3
	Mormax Beverages Corp.	  	BJ’s Wholesale Club, Inc.	  	100%	  	100	  	Common Stock	  	2
	Mormax Corporation	  	BJ’s Wholesale Club, Inc.	  	100%	  	5,000	  	Common Stock	  	4
	Natick GA Beverage Corp.	  	BJ’s Wholesale Club, Inc.	  	100%	  	100	  	Common Stock	  	1
	YWC Beverages Corp.	  	BJ’s Wholesale Club, Inc.	  	100%	  	1	  	Common Stock	  	3
	BJME Operating Corp.	  	BJ’s Wholesale Club, Inc.	  	100%	  	1,000	  	Common Stock	  	4
	Natick Realty, Inc.	  	BJME Operating Corp.	  	100%	  	105,000*	  	Common Stock	  	5
	BJNH Operating Co., LLC	  	BJME Operating Corp.	  	100%	  	n/a	  	n/a	  	Uncertificated
	Natick Fifth Realty Corp.	  	Natick Realty, Inc.	  	100%	  	1,000	  	Common Stock	  	2
	Natick NH Hooksett Realty Corp.	  	Natick Realty, Inc.	  	100%	  	100	  	Common Stock	  	1
	Natick NJ 1993 Realty Corp.	  	Natick Realty, Inc.	  	100%	  	1,000	  	Common Stock	  	2
	Natick NJ Flemington Realty Corp.	  	Natick Realty, Inc.	  	100%	  	1,000	  	Common Stock	  	2
	Natick NJ Manahawkin	  	Natick Realty, Inc.	  	100%	  	100	  	Common Stock	  	2

  

					
		  		  	Security Agreement (First Lien)

											
	 Issuer
	  	 Registered
Owner/Grantor
	  	 Percentage of

Equity

Interests
	  	 Number

of Shares
	  	 Class of

Equity

Interest
	  	 Number of

Certificate

	Realty Corp.	  		  		  		  		  	
	Natick NJ Realty Corp.	  	Natick Realty, Inc.	  	100%	  	1,000	  	Common Stock	  	2

 PLEDGED DEBT 
  

	(a)	 Intercompany Notes: 

$200,000,000 revolving facility note by BJ’s Wholesale Club, Inc. in favor of BJME Operating Corp. (as successor in interest to BJ’s
Northeast Business Trust). 
  

	(b)	 Promissory notes or Other Pledged Debt: 

None. 

 SCHEDULE III TO SECURITY AGREEMENT 

COMMERCIAL TORT CLAIMS 
 None. 

  

					
		  		  	Security Agreement (First Lien)

 SCHEDULE IV TO SECURITY AGREEMENT 

UCC FILING OFFICES 
  

			
	Grantor	  	Jurisdiction
		
	BEACON HOLDING INC.	  	Delaware
		
	BJ’S WHOLESALE CLUB, INC.	  	Delaware
		
	BJME OPERATING CORP.	  	Massachusetts
		
	BJNH OPERATING CO., LLC	  	Delaware
		
	NATICK REALTY, INC.	  	Maryland

  

					
		  		  	Security Agreement (First Lien)

 EXHIBIT I TO SECURITY AGREEMENT 

FORM OF SECURITY AGREEMENT SUPPLEMENT 

SUPPLEMENT NO.      dated as of             ,
20     (this “Supplement”), to the Security Agreement dated as of February 3, 2017 (the “Security Agreement”), among BJ’S WHOLESALE CLUB, INC., a Delaware corporation (the
“Borrower”), BEACON HOLDING INC., a Delaware corporation (“Holdings”), the Subsidiary Loan Parties party thereto and NOMURA CORPORATE FUNDING AMERICAS, LLC, as Collateral Agent for the Secured Parties. 

A. Reference is made to (i) the First Lien Term Loan Credit Agreement, dated as of February 3, 2017 (as amended, restated,
supplemented and/or otherwise modified from time to time, the “First Lien Credit Agreement”), by, among others, the Borrower, Holdings, the Lenders from time to time party thereto, and NOMURA CORPORATE FUNDING AMERICAS, LLC, as
Administrative Agent for the Lenders and Collateral Agent for the Secured Parties and (ii) the Guaranty Agreement (as defined in the First Lien Credit Agreement). 

B. Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to such terms in the First Lien Credit
Agreement and the Security Agreement, as applicable. 
 C. The Grantors have entered into the Security Agreement in order to induce the
Lenders to make Term Loans. Section 7.13 of the Security Agreement provides that additional Restricted Subsidiaries of the Grantors may become Grantors under the Security Agreement by execution and delivery of an instrument substantially in the
form of this Supplement. The undersigned Restricted Subsidiary (the “New Subsidiary”) is executing this Supplement in accordance with the requirements of the First Lien Credit Agreement to become a Grantor under the Security
Agreement in order to induce the Lenders to make additional Loans and as consideration for Term Loans previously made. 
 Accordingly, the
Collateral Agent and the New Subsidiary agree as follows: 
 Section 1. In accordance with Section 7.13 of the Security Agreement,
the New Subsidiary by its signature below becomes a Grantor under the Security Agreement with the same force and effect as if originally named therein as a Grantor and the New Subsidiary hereby (a) agrees to all the terms and provisions of the
Security Agreement applicable to it as a Grantor thereunder and (b) represents and warrants that the representations and warranties made by it as a Grantor thereunder are true and correct in all material respects (except to the extent any such
representation and warranty is qualified as to materiality, in which case such representation and warranty, to the extent qualified by materiality, shall be true and correct in all respects) on and as of the date hereof; provided that, to the
extent that such representations and warranties specifically refer to an earlier date, they shall be true and correct in all material respects (except to the extent any such representation and warranty is qualified as to materiality, in which case
such representation and warranty, to the extent qualified by materiality, shall be true and correct 

  

					
		  	I-1	  	Security Agreement (First Lien)

 Exhibit I 

to 
 Security Agreement 

 

 
in all respects) as of such earlier date. In furtherance of the foregoing, the New Subsidiary, as security for the payment and performance in full of the Secured Obligations does hereby create
and grant to the Collateral Agent, its successors and assigns, for the benefit of the Secured Parties, their successors and assigns, a security interest in and lien on all of the New Subsidiary’s right, title and interest in and to the
Collateral (as defined in the Security Agreement) of the New Subsidiary. Each reference to a “Grantor” in the Security Agreement shall be deemed to include the New Subsidiary as if originally named therein as a Grantor. The Security
Agreement is hereby incorporated herein by reference. 
 Section 2. The New Subsidiary represents and warrants to the Collateral Agent
and the other Secured Parties that this Supplement has been duly authorized, executed and delivered by it and constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms, except as such enforceability may
be limited by Debtor Relief Laws and by general principles of equity and principles of good faith and fair dealing. 
 Section 3. This
Supplement may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Supplement shall become
effective when the Collateral Agent shall have received a counterpart of this Supplement that bears the signature of the New Subsidiary and the Collateral Agent has executed a counterpart hereof. Delivery of an executed signature page to this
Supplement by facsimile or electronic (including .pdf file) transmission shall be as effective as delivery of a manually signed counterpart of this Supplement. 

Section 4. The New Subsidiary hereby represents and warrants that the Perfection Certificate attached hereto and updated schedules to the
Security Agreement attached hereto as Schedule I have been duly executed and delivered to the Collateral Agent and the information set forth therein, including the exact legal name of the New Subsidiary and its jurisdiction of organization,
is correct and complete in all material respects as of the date hereof. 
 Section 5. Except as expressly supplemented hereby, the
Security Agreement shall remain in full force and effect. 
 Section 6. THIS SUPPLEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 
 Section 7. In case any one or more of the provisions contained in this Supplement
should be held invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein and in the Security Agreement shall not in any way be affected or impaired thereby (it being
understood that the invalidity of a particular provision in a particular jurisdiction shall not in and of itself affect the validity of such provision in any other jurisdiction). The parties hereto shall endeavor in good-faith negotiations to
replace the invalid, illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 

  

					
		  	I-2	  	Security Agreement (First Lien)

 Exhibit I 

to 
 Security Agreement 

 

 Section 8. All communications and notices hereunder shall be in writing and given as
provided in Section 7.01 of the Security Agreement. 
 Section 9. The New Subsidiary agrees to reimburse the Collateral Agent for
its reasonable out-of-pocket expenses in connection with this Supplement, including all Attorney Costs of counsel for the Collateral Agent as provided in Section 7.03(a) of the Security Agreement. 

  

					
		  	I-3	  	Security Agreement (First Lien)

 IN WITNESS WHEREOF, the New Subsidiary and the Collateral Agent have duly executed this
Supplement to the Security Agreement as of the day and year first above written. 
  

			
	[NAME OF NEW SUBSIDIARY]

 
			
		
	By:	 	  

		 	Name:
		 	Title:
		 	Legal Name:
		 	Jurisdiction of Formation:
		 	Location of Chief Executive Office:
	
	 NOMURA CORPORATE FUNDING
 AMERICAS,
LLC, as Collateral Agent

 
			
		
	By:	 	  

		 	Name:
		 	Title:
		
	By:	 	  

		 	Name:
		 	Title:

  

					
		  	I-4	  	Security Agreement (First Lien)

 SCHEDULE I TO SECURITY AGREEMENT SUPPLEMENT 

[ATTACH COMPLETED PERFECTION CERTIFICATE FOR NEW SUBSIDIARY AND 

ALL SCHEDULES TO SECURITY AGREEMENT, UPDATED FOR NEW SUBSIDIARY] 

  

					
		  	I-5	  	Security Agreement (First Lien)

 EXHIBIT II TO SECURITY AGREEMENT 

FORM OF PERFECTION CERTIFICATE 

[                    ], Reference is made to
(i) the Credit Agreement dated as of February 3, 2017 (the “ABL Facility”), by and among BJ’s Wholesale Club, Inc. (the “Borrower”), Beacon Holding Inc. (“Holdings”), the lenders from time to time party
thereto and Wells Fargo Bank, National Association (“Wells”) as administrative agent and collateral agent, (ii) the First Lien Credit Agreement dated as of
[            ], 2017 (the “First Lien Facility”), by and among Borrower, Holdings, the lenders from time to time party thereto and Nomura Corporate Funding Americas, LLC
(“Nomura”), as administrative agent and collateral agent and (iii) the Second Lien Credit Agreement dated as of [            ], 2017 (the “Second Lien
Facility”) by and among Borrower, Holdings, the lenders from time to time party thereto and Jefferies Finance LLC (“Jefferies”) as administrative agent and collateral agent. Capitalized terms used but not defined herein have the
meanings assigned in the ABL Facility, First Lien Facility or Second Lien Facility or the Security Agreement referred to therein, as applicable. 

Each of the undersigned, a Responsible Officer of the Loan Parties set above his/her name on the signature pages hereto, hereby certifies to
Wells as administrative agent with respect to the ABL Facility and the lenders party thereto and Nomura, as collateral agent with respect to the First Lien Facility and to Jefferies, as collateral agent with respect to the Second Lien Facility, as
applicable, and the lenders party thereto, as applicable, on behalf of the Borrower, Holdings and the Subsidiary Guarantors (collectively, the “Loan Parties” and each, a “Loan Party”) as follows: 

 

	I.	 CURRENT INFORMATION 

A. Legal Names, Organizations, Jurisdictions of Organization, Organizational Identification Numbers and Federal Employer Identification
Numbers. The full and exact legal name (as it appears in each respective certificate or articles of incorporation, limited liability membership agreement or similar organizational documents, in each case as amended to date), the type of
organization, the jurisdiction of organization or formation, as applicable, the organizational identification number, and the Federal Employer Identification Number of the Borrower and each other Loan Party are as follows: 

 

									
	 Name of Borrower/Loan Party
	  	 Type of Organization

(e.g. corporation, limited
liability company, limited
partnership)
	  	 Jurisdiction of Organization/
Formation
	  	 Organizational
Identification Number
	  	 Federal Employer
Identification Number

 Exhibit II 

to 
 Security Agreement 

B. Chief Executive Offices and Mailing Addresses. The chief executive office address and the preferred mailing address
(if different than chief executive office or residence) of the Borrower and each other Loan Party are as follows: 
  

							
	 Name of Borrower/Loan Party
	 	 Address of Chief Executive Office
	  	 Mailing Address (if different than CEO)
	  	 
	 	 	 	  	 	  	 
	 	 	 	  	 	  	 

 C. Special Debtors. Except as specifically identified below none of the Loan
Parties is a: (i) transmitting utility (as defined in Section 9-102(a)(80)), (ii) primarily engaged in farming operations (as defined in
Section 9-102(a)(35)), (iii) a trust, (iv) a foreign air carrier within the meaning of the federal aviation act of 1958, as amended or (v) a branch or agency of a bank which bank is not
organized under the law of the United States or any state thereof. 
  

					
	 Name of Borrower/Loan Party
	  	 Type of Special Debtor
	  	 
	 	  	 	  	 
	 	  	 	  	 

  

	 	D.	 Trade Names/Assumed Names. 

Current Trade Names. Set forth below is each trade name or assumed name currently used by the Borrower or any other Loan Party or by
which the Borrower or any Loan Party is known or is transacting any business: 
  

					
	 Borrower/Loan Party
	  	 Trade/Assumed Name
	  	 
	 	  	 	  	 
	 	  	 	  	 

 Exhibit II 

to 
 Security Agreement 

 

	 	E.	 Changes in Names, Jurisdiction of Organization or Corporate Structure. 

Except as set forth below, neither the Borrower nor any other Loan Party has changed its name, jurisdiction of organization or its corporate
structure in any way (e.g. by merger, consolidation, change in corporate form, change in jurisdiction of organization or otherwise) within the past five (5) years: 
  

	 	F.	 Prior Addresses.

Except as set forth below, neither the Borrower nor any other Loan Party has changed its chief executive office, or principal residence if the
Borrower or a particular Loan Party is a natural person, within the past five (5) years: 
  

					
	 Borrower/Loan Party
	  	 Prior Address/City/State/Zip Code
	  	 
	 	  	 	  	 
	 	  	 	  	 

  

	 	G.	 Acquisitions of Equity Interests or Assets. 

Except as set forth below, neither the Borrower nor any Loan Party has acquired the equity interests of another entity or substantially all the
assets of another entity within the past five (5) years: 
  

	 	H.	 Corporate Ownership and Organizational Structure.  

 

	II.	 INFORMATION REGARDING CERTAIN COLLATERAL 

A. Investment Related Property 

1. Equity Interests. Set forth below is a list of all equity interests owned by the Borrower and each Loan Party
together with the type of organization which issued such equity interests (e.g. corporation, limited liability company, partnership or trust): 
  

															
	 Borrower/Loan Party
	  	 Issuer
	  	 Type of

Organization
	  	 # of
Shares
Owned
	  	 Total Shares
Outstanding
	  	% of
Interest
Pledged	  	
Certificate No.
(if uncertificated,
please indicate so)
	  	 Par Value

	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 

 2. Securities Accounts. Set forth below is a list of all securities
accounts in which the Borrower or any other Loan Party customarily maintains securities or other assets: 

 Exhibit II 

to 
 Security Agreement 

3. Deposit Accounts. Set forth below is a list of all bank accounts (checking, savings, money market or the
like) maintained by the Borrower or any other Loan Party: 
  

							
	 Borrower/Loan Party
	  	 Type of Account
	  	 Name & Address of

Financial Institutions
	  	 Account
Number

	 	  	 	  	 	  	 
	 	  	 	  	 	  	 

 4. Debt Securities & Instruments. Set forth below is a
list of all debt securities and instruments owed to the Borrower or any other Loan Party, other than such debt securities and instruments with a principal amount less than or equal to $500,000 individually and $2,000,000 in the aggregate: 

 

							
	 Borrower/Loan Party
	  	 Issuer of Instrument
	  	 Principal Amount of Instrument
	  	 Maturity Date

	 	  	 	  	 	  	 
	 	  	 	  	 	  	 

 B. Intellectual Property. Set forth below is a list of all copyrights,
patents, and trademarks, all applications and licenses thereof and other intellectual property owned or used, or hereafter adopted, held or used, by the Borrower and each other Loan Party: 

 

	 	1.	 Copyrights, Copyright Applications and Copyright Licenses 

 

									
	 Borrower/Loan Party
	  	 Title
	  	 Application No./Application Date
	  	 Status
	  	 Registration
No./Registration
Date

	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 

  

	 	2.	 Patents, Patent Applications and Patent Licenses 

 

									
	 Borrower/Loan Party
	  	 Title
	  	 Application No./Application Date
	  	 Status
	  	 Registration
No./Registration
Date

					
	None	  		  		  		  	
	 	  	 	  	 	  	 	  	 

 Exhibit II 

to 
 Security Agreement 

 

	 	3.	 Trademarks, Trademark Applications and Trademark Licenses 

 

									
	 Borrower/Loan Party
	  	 Title
	  	 Application No./Application Date
	  	 Status
	  	 Registration
No./Registration
Date

	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 

  

	 	4.	 Trademark Licenses 

 

	 	5.	 Domain Names 

  

							
	 Name
	  	 Expires
	  	 Status
	  	 
	 	  	 	  	 	  	 
	 	  	 	  	 	  	 

  

	 	6.	 BJs.com Sub-Domain Listings 

 

							
	 Name
	  	 	  	 	  	 
	 	  	 	  	 	  	 
	 	  	 	  	 	  	 

 C. Tangible Personal Property in Possession of Warehousemen, Bailees and Other Third
Parties. Except as set forth below, no persons (including, without limitation, warehousemen and bailees) other than the Borrower or any other Loan Party have possession of any material amount (fair market value of $2,000,000 or more) of
tangible personal property of the Borrower or any other Loan Party: 
  

							
	 Debtor/Grantor
	  	 Address/City/State/Zip Code
	  	 County
	  	 Description of
Assets and Value

	 	  	 	  	 	  	 
	 	  	 	  	 	  	 

 D. Tangible Personal Property in Former Article 9 Jurisdictions and
Canada. Set forth below are all the locations within the Commonwealth of Puerto Rico and any Province of Canada where the Borrower or any other Loan Party currently maintains or has maintained any material amount (fair market
value of $2,000,000 or more) of its tangible personal property (including goods, inventory and equipment) of such Borrower or any other Loan Party (whether or not in the possession of such Borrower or any other Loan Party) within the past five
(5) years: 

 Exhibit II 

to 
 Security Agreement 

 

	 	E.	 Real Estate Related UCC Collateral 

1. Fixtures. Set forth below are all the locations where the Borrower or any other Loan Party owns or leases any
real property with a fair market value above $5,000,000: 
 Owned Property 

 

					
	 Borrower/Loan Party
	  	 Address/City/State/Zip Code
	  	 County

	 	  	 	  	 
	 	  	 	  	 

 Leased Property 
  

			
	 Location
	  	 Lease Agreement

	 	  	 
	 	  	 

 2. “As Extracted” Collateral. Set forth
below are all the locations where the Borrower or any other Loan Party owns, leases or has an interest in any wellhead or minehead: 

3. Timber to be Cut. Set forth below are all locations where the Borrower or any other Loan Party
owns goods that are timber to be cut: 
 F. Commercial Tort Claims. Set forth below is a true and correct list
of commercial tort claims in excess of $5,000,000 held by the Borrower or any other Loan Party, including a brief description thereof. 

 Exhibit II 

to 
 Security Agreement  

IN WITNESS WHEREOF, the undersigned has duly executed this Certificate on the date above first written. 

 

			
	LOAN PARTIES
	
	BEACON HOLDING INC.

 
			
		
	By:	 	  

		 	Name:
		 	Title:
	
	BJ’S WHOLESALE CLUB, INC.

 
			
		
	By:	 	  

		 	Name:
		 	Title:

 Exhibit II 

to 
 Security Agreement 

 

					
	LOAN PARTIES (Cont’d)

 
					
		
		 	BJME OPERATING CORP.,

 
					
			
		 	By:	 	  

		 		 	Name:
		 		 	Title:

 
					
		
		 	BJNH OPERATING CO., LLC,

 
					
			
		 	By:	 	  

		 		 	Name:
		 		 	Title:

 
					
		
		 	NATICK REALTY, INC.,

 
					
			
		 	By:	 	  

		 		 	Name:
		 		 	Title:

 Exhibit A 

  

					
		  		  	Security Agreement (First Lien)

 EXHIBIT III TO SECURITY AGREEMENT 

[FORM OF] TRADEMARK SECURITY AGREEMENT 

This TRADEMARK SECURITY AGREEMENT (as amended, amended and restated, supplemented and/or otherwise modified from time to time, this
“Trademark Security Agreement”) dated             , 20    , is made by the Persons listed on the signature pages hereof (collectively, the
“Grantors”) in favor of Nomura Corporate Funding Americas, LLC, as collateral agent (the “Collateral Agent”) for the Secured Parties (as defined in the First Lien Credit Agreement referred to below). 

Reference is made to (i) the First Lien Term Loan Credit Agreement, dated as of
[            ], 2017 (as amended, restated, amended and restated, supplemented and/or otherwise modified from time to time, the “First Lien Credit Agreement”), by
and among BJ’s Wholesale Club, Inc., a Delaware corporation (the “Borrower”), Beacon Holding Inc., a Delaware corporation (“Holdings”), the Lenders party thereto from time to time and Nomura Corporate Funding
Americas, LLC, as Administrative Agent and Collateral Agent, (ii) each Specified Hedge Agreement, and (iii) each agreement relating to Cash Management Services. The Lenders have agreed to extend credit to the Borrower subject to the terms
and conditions set forth in the First Lien Credit Agreement, the Qualified Counterparties have agreed to enter into and/or maintain one or more Specified Hedge Agreements and the Cash Management Banks have agreed to enter into and/or maintain Cash
Management Services, on the terms and conditions set forth in the First Lien Credit Agreement, in such Specified Hedge Agreements or agreements relating to Cash Management Services, as applicable. 

Whereas, as a condition precedent to the Lenders extension of such credit, the obligation of the Qualified Counterparties to enter into and/or
maintain such Specified Hedge Agreements and the obligation of the Cash Management Banks to enter into and/or maintain such Cash Management Services, each Grantor has executed and delivered that certain Security Agreement, dated as of
[            ], 2017, made by the Grantors to the Collateral Agent (as amended, amended and restated, supplemented and/or otherwise modified from time to time, the “Security
Agreement”). 
 Whereas, under the terms of the Security Agreement, the Grantors have granted to the Collateral Agent, for the
benefit of the Secured Parties, a security interest in, among other property, certain intellectual property of the Grantors, and have agreed as a condition thereof to execute this Trademark Security Agreement for recording with the U.S. Patent and
Trademark Office. 
 NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, each
Grantor agrees as follows: 

  

					
		  	III-1	  	Security Agreement (First Lien)

 Exhibit III 

to 
 Security Agreement 

SECTION 1. Terms. Terms defined in the First Lien Credit Agreement and Security Agreement and not otherwise defined herein are used
herein as defined in the First Lien Credit Agreement and Security Agreement. 
 SECTION 2. Grant of Security. Each Grantor hereby
grants to the Collateral Agent, its successors and assigns, for the benefit of the Secured Parties a continuing security interest in all of such Grantor’s right, title and interest in, to and under the Trademarks, including the Trademarks set
forth on Schedule A attached hereto; provided that, in no event shall any security interest be granted in any “intent-to-use” application for
registration of a Trademark filed pursuant to Section 1(b) of the Lanham Act, 15 U.S.C. §1051, prior to the filing of a “Statement of Use” pursuant to Section 1(d) of the Lanham Act or an “Amendment to Allege Use”
pursuant to Section 1(c) of the Lanham Act with respect thereto, to the extent that, and during the period, if any, in which, the grant of a security interest therein would impair the validity or enforceability of any registration that issues
from such intent-to-use application under applicable federal law (it being understood that after such period such intent-to-use application shall be automatically subject to the security interest granted herein). 

SECTION 3. Security for Obligations. The grant of a security interest in the Trademarks by each Grantor under this Trademark Security
Agreement is made to secure the payment or performance, as the case may be, in full of the Secured Obligations. 
 SECTION 4.
Recordation. Each Grantor authorizes and requests that the Commissioner for Trademarks record this Trademark Security Agreement. 

SECTION 5. Execution in Counterparts. This Trademark Security Agreement may be executed in any number of counterparts, each of which
when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. Delivery of an executed signature page to this Trademark Security Agreement by facsimile or electronic (including .pdf
file) transmission shall be as effective as delivery of a manually signed counterpart of this Trademark Security Agreement. 
 SECTION 6.
Security Agreement. This Trademark Security Agreement has been entered into in conjunction with the provisions of the Security Agreement. Each Grantor does hereby acknowledge and confirm that the grant of the security interest hereunder to,
and the rights and remedies of, the Collateral Agent with respect to the Collateral are more fully set forth in the Security Agreement, the terms and provisions of which are incorporated herein by reference as if fully set forth herein. In the event
that any provision of this Trademark Security Agreement is deemed to conflict with the Security Agreement, the provisions of the Security Agreement shall control. 

SECTION 7. Governing Law. THIS TRADEMARK SECURITY AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE
STATE OF NEW YORK. 
 [Remainder of this page intentionally left blank] 

  

					
		  	III-2	  	Security Agreement (First Lien)

 IN WITNESS WHEREOF, the undersigned have executed this Trademark Security Agreement as of
the date first above written. 
  

			
	[NAME OF GRANTOR], Grantor

 
			
		
	By:	 	  

		 	Name:
		 	Title:

 
			
	
	NOMURA CORPORATE FUNDING AMERICAS, LLC, as Collateral Agent and Grantee

 
			
		
	By:	 	  

		 	Name:
		 	Title:
		
	By:	 	  

		 	Name:
		 	Title:

  

					
		  	III-1	  	Security Agreement (First Lien)

 SCHEDULE A 
  

					
	 MARK
	  	 SERIAL/REG. NO.
	  	 APP./REG. DATE

		  		  	
		  		  	
		  		  	
		  		  	

  

					
		  	III-2	  	Security Agreement (First Lien)

 EXHIBIT IV TO SECURITY AGREEMENT 

[FORM OF] PATENT SECURITY AGREEMENT 

This PATENT SECURITY AGREEMENT (as amended, amended and restated, supplemented and/or otherwise modified from time to time, this
“Patent Security Agreement”) dated             , 20    , is made by the Persons listed on the signature pages hereof (collectively, the
“Grantors”) in favor of Nomura Corporate Funding Americas, LLC, as collateral agent (the “Collateral Agent”) for the Secured Parties (as defined in the First Lien Credit Agreement referred to below). 

Reference is made to (i) the First Lien Term Loan Credit Agreement, dated as of
[            ], 2017 (as amended, restated, amended and restated, supplemented and/or otherwise modified from time to time, the “First Lien Credit Agreement”), by
and among BJ’s Wholesale Club, Inc., a Delaware corporation (the “Borrower”), Beacon Holding Inc., a Delaware corporation (“Holdings”), the Lenders party thereto from time to time and Nomura Corporate Funding
Americas, LLC, as Administrative Agent and Collateral Agent, (ii) each Specified Hedge Agreement and (iii) each agreement relating to Cash Management Services. The Lenders have agreed to extend credit to the Borrower subject to the terms
and conditions set forth in the First Lien Credit Agreement, the Qualified Counterparties have agreed to enter into and/or maintain one or more Specified Hedge Agreements and the Cash Management Banks have agreed to enter into and/or maintain Cash
Management Services, on the terms and conditions set forth in the First Lien Credit Agreement, in such Specified Hedge Agreements or agreements relating to Cash Management Services, as applicable. 

Whereas, as a condition precedent to the Lenders extension of such credit, the obligation of the Qualified Counterparties to enter into and/or
maintain such Specified Hedge Agreements and the obligation of the Cash Management Banks to enter into and/or maintain such Cash Management Services, each Grantor has executed and delivered that certain Security Agreement, dated as of
[            ], 2017, made by the Grantors to the Collateral Agent (as amended, amended and restated, supplemented and/or otherwise modified from time to time, the “Security
Agreement”). 
 Whereas, under the terms of the Security Agreement, the Grantors have granted to the Collateral Agent, for
the benefit of the Secured Parties, a security interest in, among other property, certain intellectual property of the Grantors, and have agreed as a condition thereof to execute this Patent Security Agreement for recording with the U.S. Patent and
Trademark Office. 
 NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, each
Grantor agrees as follows: 
 SECTION 1. Terms. Terms defined in the First Lien Credit Agreement and Security Agreement and not
otherwise defined herein are used herein as defined in the First Lien Credit Agreement and Security Agreement. 

  

					
		  	IV-1	  	Security Agreement (First Lien)

 Exhibit IV 

to 
 Security Agreement 

SECTION 2. Grant of Security. Each Grantor hereby grants to the Collateral Agent, its successors and assigns, for the benefit of the
Secured Parties a security interest in all of such Grantor’s right, title and interest in, to and under the Patents, including the Patents set forth on Schedule A attached hereto. 

SECTION 3. Security for Obligations. The grant of a security interest in the Patent by each Grantor under this Patent Security
Agreement is made to secure the payment or performance, as the case may be, in full of the Secured Obligations. 
 SECTION 4.
Recordation. Each Grantor authorizes and requests that the Commissioner for Patents record this Patent Security Agreement. 
 SECTION
5. Execution in Counterparts. This Patent Security Agreement may be executed in any number of counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same
agreement. Delivery of an executed signature page to this Patent Security Agreement by facsimile or electronic (including .pdf file) transmission shall be as effective as delivery of a manually signed counterpart of this Patent Security Agreement.

 SECTION 6. Security Agreement. This Patent Security Agreement has been entered into in conjunction with the provisions of the
Security Agreement. Each Grantor does hereby acknowledge and confirm that the grant of the security interest hereunder to, and the rights and remedies of, the Collateral Agent with respect to the Collateral are more fully set forth in the Security
Agreement, the terms and provisions of which are incorporated herein by reference as if fully set forth herein. In the event that any provision of this Patent Security Agreement is deemed to conflict with the Security Agreement, the provisions of
the Security Agreement shall control. 
 SECTION 6. Governing Law. THIS PATENT SECURITY AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED
IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 
 [Remainder of this page intentionally left blank] 

  

					
		  	IV-2	  	Security Agreement (First Lien)

 Exhibit IV 

to 
 Security Agreement 

IN WITNESS WHEREOF, the undersigned have executed this Patent Security Agreement as of the date first above written. 

 

			
	[NAME OF GRANTOR], Grantor

 
			
		
	By:	 	  

		 	Name:
		 	Title:

 
			
	
	NOMURA CORPORATE FUNDING AMERICAS, LLC, as Collateral Agent and Grantee

 
			
		
	By:	 	  

		 	Name:
		 	Title:
		
	By:	 	  

		 	Name:
		 	Title:

  

					
		  	IV-3	  	Security Agreement (First Lien)

 SCHEDULE A 
  

					
	 PATENT
	  	 PATENT NO.
	  	 FILING/ISSUE DATE

		  		  	
		  		  	
		  		  	
		  		  	

  

					
		  	IV-4	  	Security Agreement (First Lien)

 EXHIBIT V TO SECURITY AGREEMENT 

[FORM OF] COPYRIGHT SECURITY AGREEMENT 

This COPYRIGHT SECURITY AGREEMENT (as amended, amended and restated, supplemented and/or otherwise modified from time to time, this
“Copyright Security Agreement”) dated             , 20    , is made by the Persons listed on the signature pages hereof (collectively, the
“Grantors”) in favor of Nomura Corporate Funding Americas, LLC, as collateral agent (the “Collateral Agent”) for the Secured Parties (as defined in the First Lien Credit Agreement referred to below). 

Reference is made to (i) the First Lien Term Loan Credit Agreement, dated as of
[            ], 2017 (as amended, restated, amended and restated, supplemented and/or otherwise modified from time to time, the “First Lien Credit Agreement”), by
and among BJ’s Wholesale Club, Inc., a Delaware corporation (the “Borrower”), Beacon Holding Inc., a Delaware corporation (“Holdings”), the Lenders party thereto from time to time and Nomura Corporate Funding
Americas, LLC, as Administrative Agent and Collateral Agent, (ii) each Specified Hedge Agreement and (iii) each agreement relating to Cash Management Services. The Lenders have agreed to extend credit to the Borrower subject to the terms
and conditions set forth in the First Lien Credit Agreement, the Qualified Counterparties have agreed to enter into and/or maintain one or more Specified Hedge Agreements and the Cash Management Banks have agreed to enter into and/or maintain Cash
Management Services, on the terms and conditions set forth in the First Lien Credit Agreement, in such Specified Hedge Agreements or agreements relating to Cash Management Services, as applicable. 

Whereas, as a condition precedent to the Lenders extension of such credit, the obligation of the Qualified Counterparties to enter into and/or
maintain such Specified Hedge Agreements and the obligation of the Cash Management Banks to enter into and/or maintain such Cash Management Services, each Grantor has executed and delivered that certain Security Agreement, dated as of
[            ], 2017, made by the Grantors to the Collateral Agent (as amended, amended and restated, supplemented and/or otherwise modified from time to time, the “Security
Agreement”). 
 Whereas, under the terms of the Security Agreement, the Grantors have granted to the Collateral Agent, for the
benefit of the Secured Parties, a security interest in, among other property, certain intellectual property of the Grantors, and have agreed as a condition thereof to execute this Copyright Security Agreement for recording with the U.S. Copyright
Office. 
 NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, each Grantor
agrees as follows: 
 SECTION 1. Terms. Terms defined in the First Lien Credit Agreement and Security Agreement and not otherwise
defined herein are used herein as defined in the First Lien Credit Agreement and Security Agreement. 

  

					
		  	V-1	  	Security Agreement (First Lien)

 Exhibit V 

to 
 Security Agreement 

SECTION 2. Grant of Security. Each Grantor hereby grants to the Collateral Agent, its successors and assigns, for the benefit of the
Secured Parties a security interest in all of such Grantor’s right, title and interest in, to and under the Copyrights, including the Copyrights set forth on Schedule A attached hereto. 

SECTION 3. Security for Obligations. The grant of a security interest in the Copyrights and exclusive Copyright Licenses by each
Grantor under this Copyright Security Agreement is made to secure the payment or performance, as the case may be, in full of the Secured Obligations. 

SECTION 4. Recordation. Each Grantor authorizes and requests that the Commissioner for Copyrights record this Copyright Security
Agreement. 
 SECTION 5. Execution in Counterparts. This Copyright Security Agreement may be executed in any number of counterparts,
each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. Delivery of an executed signature page to this Copyright Security Agreement by facsimile or electronic
(including .pdf file) transmission shall be as effective as delivery of a manually signed counterpart of this Copyright Security Agreement. 

SECTION 6. Security Agreement. This Copyright Security Agreement has been entered into in conjunction with the provisions of the
Security Agreement. Each Grantor does hereby acknowledge and confirm that the grant of the security interest hereunder to, and the rights and remedies of, the Collateral Agent with respect to the Collateral are more fully set forth in the Security
Agreement, the terms and provisions of which are incorporated herein by reference as if fully set forth herein. In the event that any provision of this Copyright Security Agreement is deemed to conflict with the Security Agreement, the provisions of
the Security Agreement shall control. 
 SECTION 7. Governing Law. THIS COPYRIGHT SECURITY AGREEMENT SHALL BE GOVERNED BY, AND
CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 
 [Remainder of this page intentionally left blank] 

  

					
		  	V-2	  	Security Agreement (First Lien)

 Exhibit V 

to 
 Security Agreement 

IN WITNESS WHEREOF, the undersigned have executed this Copyright Security Agreement as of the date first above written. 

 

			
	[NAME OF GRANTOR], Grantor

 
			
		
	By:	 	  

		 	Name:
		 	Title:

 
			
	
	NOMURA CORPORATE FUNDING AMERICAS, LLC, as Collateral Agent and Grantee

 
			
		
	By:	 	  

		 	Name:
		 	Title:
		
	By:	 	  

		 	Name:
		 	Title:

  

					
		  	V-3	  	Security Agreement (First Lien)

 SCHEDULE A 

COPYRIGHTS 
  

					
	 COPYRIGHT
	  	 COPYRIGHT NO.
	  	 APP./REG. DATE

		  		  	
		  		  	
		  		  	
		  		  	
		  		  	

  

					
		  		  	Security Agreement (First Lien)

 EXHIBIT K 

[FORM OF] 
 FIRST LIEN
TERM LOAN GUARANTY AGREEMENT 

 EXECUTION VERSION 
  

 
  

TERM LOAN GUARANTY AGREEMENT 

dated as of 
 February 3,
2017 
 among 
 BEACON HOLDING
INC., 
 as Holdings, 
 THE OTHER
GUARANTORS PARTY HERETO FROM TIME TO TIME, 
 and 

NOMURA CORPORATE FUNDING AMERICAS, LLC, 

as Administrative Agent 
  

 
  

  

					
		  		  	Guaranty (First Lien)

 Table of Contents 

 

									
	 	 	 	 	 	  	Page	 
	 ARTICLE I Definitions
	  	 	1	 
				
		 	 Section 1.01
	 	First Lien Credit Agreement Definitions	  	 	1	 
		 	 Section 1.02
	 	 Other Defined Terms
	  	 	1	 
		
	 ARTICLE II Guarantee
	  	 	2	 
				
		 	 Section 2.01
	 	Guarantee	  	 	2	 
		 	 Section 2.02
	 	Guarantee of Payment	  	 	3	 
		 	 Section 2.03
	 	No Limitations	  	 	3	 
		 	 Section 2.04
	 	Reinstatement	  	 	4	 
		 	 Section 2.05
	 	Agreement To Pay; Subrogation	  	 	5	 
		 	 Section 2.06
	 	Information	  	 	5	 
		
	 ARTICLE III Indemnity, Subrogation and Subordination
	  	 	5	 
		
	 ARTICLE IV Miscellaneous
	  	 	6	 
				
		 	 Section 4.01
	 	Notices	  	 	6	 
		 	 Section 4.02
	 	Waivers; Amendment	  	 	6	 
		 	 Section 4.03
	 	Administrative Agent’s Fees and Expenses; Indemnification	  	 	6	 
		 	 Section 4.04
	 	Successors and Assigns	  	 	8	 
		 	 Section 4.05
	 	Survival of Agreement	  	 	8	 
		 	 Section 4.06
	 	Counterparts; Effectiveness; Several Agreement	  	 	9	 
		 	 Section 4.07
	 	Severability	  	 	9	 
		 	 Section 4.08
	 	GOVERNING LAW, ETC.	  	 	9	 
		 	 Section 4.09
	 	WAIVER OF RIGHT TO TRIAL BY JURY	  	 	10	 
		 	 Section 4.10
	 	Headings	  	 	10	 
		 	 Section 4.11
	 	Obligations Absolute	  	 	10	 
		 	 Section 4.12
	 	Termination or Release	  	 	11	 
		 	 Section 4.13
	 	Additional Restricted Subsidiaries	  	 	11	 
		 	 Section 4.14
	 	Recourse; Limited Obligations	  	 	12	 
		 	 Section 4.15
	 	Intercreditor Agreement	  	 	12	 

 SCHEDULES 

Schedule I    —    Guarantors 

EXHIBITS 
 Exhibit
I    —    Form of Guaranty Supplement 

  

					
		  	(i)	  	Guaranty (First Lien)

 This TERM LOAN GUARANTY AGREEMENT, dated as of February 3, 2017, is among BEACON
HOLDING INC., a Delaware corporation (“Holdings”), and the other Guarantors set forth on Schedule I hereto and NOMURA CORPORATE FUNDING AMERICAS, LLC, as Administrative Agent for the Secured Parties (as defined below). 

Reference is made to the First Lien Term Loan Credit Agreement, dated as of February 3, 2017, (as amended, extended, supplemented,
amended and restated and/or otherwise modified from time to time, the “First Lien Credit Agreement”), by and among BJ’S WHOLESALE CLUB, INC., a Delaware corporation (the “Borrower”), Holdings, the Lenders from
time to time party thereto, and NOMURA CORPORATE FUNDING AMERICAS, LLC, as Administrative Agent and Collateral Agent for the Lenders. 
 The
Lenders have agreed to extend credit to the Borrower subject to the terms and conditions set forth in the First Lien Credit Agreement. The obligations of the Lenders to extend such credit are conditioned upon, among other things, the execution and
delivery of this Agreement by each Guarantor (as defined below). The Guarantors are Affiliates of one another and will derive substantial direct and indirect benefits from the extensions of credit to the Borrower pursuant to the First Lien Credit
Agreement and are willing to execute and deliver this Agreement in order to induce the Lenders to extend such credit. The Intercreditor Agreement governs the relative rights and priorities of the First Lien Term Secured Parties (as defined in the
Intercreditor Agreement), the Second Lien Term Secured Parties (as defined in the Intercreditor Agreement) and the ABL Secured Parties (as defined in the Intercreditor Agreement) in respect of the Term Priority Collateral (as defined in the
Intercreditor Agreement) and the ABL Priority Collateral (as defined in the Intercreditor Agreement) and with respect to certain other matters as described therein. Accordingly, the parties hereto agree as follows: 

ARTICLE I 
 Definitions

 Section 1.01 First Lien Credit Agreement Definitions. (a) Capitalized terms used in this Agreement, including the
preamble and introductory paragraphs hereto, and not otherwise defined herein have the meanings specified in Section 1.01 of the First Lien Credit Agreement. 

(b) The rules of construction specified in Sections 1.02 through 1.08 (inclusive) of the First Lien Credit Agreement also apply to this
Agreement. 
 Section 1.02 Other Defined Terms. As used in this Agreement, the following terms have the meanings specified
below: 
 “Accommodation Payment” has the meaning assigned to such term in Article III. 

“Agreement” means this Term Loan Guaranty Agreement, as amended, restated, supplemented and/or otherwise modified from time
to time. 
 “Allocable Amount” has the meaning assigned to such term in Article III. 

  

					
		  	1	  	Guaranty (First Lien)

 “Attorney Costs” means all reasonable and documented in reasonable detail
fees, expenses and disbursements of any law firm or other external legal counsel. 
 “First Lien Credit Agreement” has the
meaning assigned to such term in the preliminary statement of this Agreement. 
 “Guaranteed Obligations” mean the
“Obligations” as defined in the First Lien Credit Agreement. 
 “Guarantors” means, collectively, Holdings, each
other Restricted Subsidiary listed on Schedule I hereto and any other Person that becomes a party to this Agreement after the Closing Date pursuant to Section 4.13; provided that if any such Guarantor is released from its
obligations hereunder as provided in Section 4.12(b), such Person shall cease to be a Guarantor hereunder and for all purposes effective upon such release. 

“Guaranty Supplement” means an instrument substantially in the form of Exhibit I hereto. 

“Qualified ECP Guarantor” means, in respect of any Swap Obligation, each Loan Party or Limited Guarantor that has total
assets exceeding $10,000,000 at the time the relevant Guarantee or Limited Recourse Guaranty or grant of the relevant security interest becomes effective with respect to such Swap Obligation or such other person as constitutes an “eligible
contract participant” under the Commodity Exchange Act or any regulations promulgated thereunder and can cause another person to qualify as an “eligible contract participant” at such time by entering into a keepwell under
Section 1a(18)(A)(v)(II) of the Commodity Exchange Act. 
 “Secured Parties” has the meaning provided in the First
Lien Credit Agreement. 
 “UFCA” has the meaning assigned to such term in Article III. 

“UFTA” has the meaning assigned to such term in Article III. 

ARTICLE II 
 Guarantee 

Section 2.01 Guarantee. Each Guarantor irrevocably, absolutely and unconditionally guarantees, jointly with the other Guarantors
and severally, as a primary obligor and not merely as a surety, the due and punctual payment and performance of the Guaranteed Obligations, in each case, whether such Guaranteed Obligations are now existing or hereafter incurred under, arising out
of or in connection with any Loan Document, Specified Hedge Agreements or Cash Management Services, and whether at maturity, by acceleration or otherwise. Each of the Guarantors further agrees that the Guaranteed Obligations may be extended,
increased or renewed, amended or modified, in whole or in part, without notice to, or further assent from, such Guarantor and that such Guarantor will remain bound upon its guarantee hereunder notwithstanding any such extension, increase, renewal,
amendment or modification of any Guaranteed Obligation. Each of the Guarantors waives promptness, 

  

					
		  	2	  	Guaranty (First Lien)

 
presentment to, demand of payment from, and protest to, any Guarantor or any other Loan Party of any of the Guaranteed Obligations, and also waives notice of acceptance of its guarantee and
notice of protest for nonpayment. 
 Section 2.02 Guarantee of Payment. Each of the Guarantors further agrees that its guarantee
hereunder constitutes a guarantee of payment when due (whether or not any proceeding under Title 11 of the United States Code, as now constituted or hereinafter amended, or any other federal, state or foreign bankruptcy, insolvency, receivership or
similar law shall have stayed the accrual of collection of any of the Guaranteed Obligations or operated as a discharge thereof) and not of collection, and waives any right to require that any resort be had by the Administrative Agent or any other
Secured Party to any Collateral or other security held for the payment of any of the Guaranteed Obligations, or to any balance of any deposit account or credit on the books of the Administrative Agent or any other Secured Party in favor of any other
Guarantor or any other Person. The obligations of each Guarantor hereunder are independent of the obligations of any other Guarantor or the Borrower, and a separate action or actions may be brought and prosecuted against each Guarantor whether or
not action is brought against any other Guarantor or the Borrower and whether or not any other Guarantor or the Borrower be joined in any such action or actions. Any payment required to be made by a Guarantor hereunder may be required by the
Administrative Agent or any other Secured Party on any number of occasions. 
 Section 2.03 No Limitations. (a) Except for
termination or release of a Guarantor’s obligations hereunder as expressly provided in Section 4.12, to the fullest extent permitted by applicable law, the obligations of each Guarantor hereunder shall not be subject to any
reduction, limitation, impairment or termination for any reason, including any claim of waiver, release, surrender, alteration or compromise, and shall not be subject to any defense or set-off, counterclaim,
recoupment or termination whatsoever by reason of the invalidity, illegality or unenforceability of any of the Guaranteed Obligations, any impossibility in the performance of any of the Guaranteed Obligations, or otherwise. Without limiting the
generality of the foregoing, to the fullest extent permitted by applicable law and except for termination or release of a Guarantor’s obligations hereunder in accordance with the terms of Section 4.12 (but without prejudice to
Section 2.04), the obligations of each Guarantor hereunder shall not be discharged, impaired or otherwise affected by (i) the failure of the Administrative Agent, any other Secured Party or any other Person to assert any claim or
demand or to enforce any right or remedy under the provisions of any Loan Document or otherwise; (ii) any rescission, waiver, amendment or modification of, or any release from any of the terms or provisions of, any Loan Document or any other
agreement, including with respect to any other Guarantor under this Agreement; (iii) the release of, or any impairment of any security held by the Administrative Agent or any other Secured Party for the Guaranteed Obligations; (iv) any
default, failure or delay, willful or otherwise, in the performance of the Guaranteed Obligations; (v) the failure to perfect any security interest in, or the release of, any of the Collateral held by or on behalf of the Administrative Agent or
any other Secured Party; (vi) any change in the corporate existence, structure or ownership of any Loan Party, the lack of legal existence of the Borrower or any other Guarantor or legal obligation to discharge any of the Guaranteed Obligations
by the Borrower or any other Guarantor for any reason whatsoever, including, without limitation, in any insolvency, bankruptcy or reorganization of any Loan Party; (vii) the existence of any claim,
set-off or other rights that any Guarantor may have at any time against the Borrower, the Administrative Agent, any other Secured Party or any other Person, whether in connection with

  

					
		  	3	  	Guaranty (First Lien)

 
the First Lien Credit Agreement, the other Loan Documents or any unrelated transaction; (viii) this Agreement having been determined (on whatsoever grounds) to be invalid, non-binding or unenforceable against any other Guarantor ab initio or at any time after the Closing Date or (ix) any other circumstance (including statute of limitations), any act or omission that
may or might in any manner or to any extent vary the risk of any Guarantor or otherwise operate as a defense to, or discharge of, the Borrower, any Guarantor or any other guarantor or surety as a matter of law or equity (in each case, other than the
payment in full in cash of all the Guaranteed Obligations (excluding contingent obligations as to which no claim has been made)). Each Guarantor expressly authorizes the applicable Secured Parties, to the extent permitted by the Security Agreement,
to take and hold security for the payment and performance of the Guaranteed Obligations, to exchange, waive or release any or all such security (with or without consideration), to enforce or apply such security and direct the order and manner of any
sale thereof in their sole discretion or to release or substitute any one or more other guarantors or obligors upon or in respect of the Guaranteed Obligations all without affecting the obligations of any Guarantor hereunder. Anything contained in
this Agreement to the contrary notwithstanding, the obligations of each Guarantor under this Agreement shall be limited to an aggregate amount equal to the largest amount that would not render its obligations under this Agreement subject to
avoidance as a fraudulent transfer or conveyance under Section 548 of the Bankruptcy Code of the United States or any comparable provisions of any similar federal or state law. 

(b) To the fullest extent permitted by applicable law and except for termination or release of a Guarantor’s obligations hereunder in
accordance with the terms of Section 4.12 (but without prejudice to Section 2.04), each Guarantor waives any defense based on or arising out of any defense of the Borrower or any other Guarantor or the unenforceability of the
Guaranteed Obligations or any part thereof from any cause, or the cessation from any cause of the liability of the Borrower or any other Guarantor, other than the payment in full in cash of all the Guaranteed Obligations (excluding contingent
obligations as to which no claim has been made). The Administrative Agent and the other Secured Parties may in accordance with the terms of the Security Documents, at their election, foreclose on any security held by one or more of them by one or
more judicial or nonjudicial sales, accept an assignment of any such security in lieu of foreclosure, compromise or adjust any part of the Guaranteed Obligations, make any other accommodation with the Borrower or any other Guarantor or
exercise any other right or remedy available to them against any Guarantor, without affecting or impairing in any way the liability of any Guarantor hereunder except to the extent the Guaranteed Obligations have been paid in full in cash (excluding
contingent obligations as to which no claim has been made). To the fullest extent permitted by applicable law, each Guarantor waives any defense arising out of any such election even though such election operates, pursuant to applicable law, to
impair or to extinguish any right of reimbursement or subrogation or other right or remedy of such Guarantor against the Borrower or any other Guarantor, as the case may be, or any security. To the fullest extent permitted by applicable law, each
Guarantor waives any and all suretyship defenses. 
 Section 2.04 Reinstatement. Notwithstanding anything to the contrary
contained in this Agreement, each of the Guarantors agrees that (a) its guarantee hereunder shall continue to be effective or be reinstated, as the case may be, if at any time payment, or any part thereof, of any Guaranteed Obligation is
rescinded or must otherwise be restored by the Administrative 

  

					
		  	4	  	Guaranty (First Lien)

 
Agent or any other Secured Party upon the bankruptcy or reorganization (or any analogous proceeding in any jurisdiction) of the Borrower or any other Guarantor or otherwise and (b) the
provisions of this Section 2.04 shall survive the termination of this Agreement. 
 Section 2.05 Agreement To Pay;
Subrogation. In furtherance of the foregoing and not in limitation of any other right that the Administrative Agent or any other Secured Party has at law or in equity against any Guarantor by virtue hereof, upon the failure of the Borrower or
any other Guarantor to pay any Guaranteed Obligation when and as the same shall become due, whether at maturity, by acceleration, after notice of prepayment or otherwise, each Guarantor hereby promises to and will forthwith pay, or cause to be paid,
to the Administrative Agent for distribution to the applicable Secured Parties in cash the amount of such unpaid Guaranteed Obligation. Upon payment by any Guarantor of any sums to the Administrative Agent as provided above, all rights of such
Guarantor against the Borrower or any other Guarantor arising as a result thereof by way of right of subrogation, contribution, reimbursement, indemnity or otherwise shall in all respects be subject to Article III. 

Section 2.06 Information. Each Guarantor assumes all responsibility for being and keeping itself informed of the Borrower’s
and each other Guarantor’s financial condition and assets, and of all other circumstances bearing upon the risk of nonpayment of the Guaranteed Obligations and the nature, scope and extent of the risks that such Guarantor assumes and incurs
hereunder, and agrees that none of the Administrative Agent or the other Secured Parties will have any duty to advise such Guarantor of information known to it or any of them regarding such circumstances or risks. 

ARTICLE III 
 Indemnity,
Subrogation and Subordination 
 Upon payment by any Guarantor of any Guaranteed Obligations, all rights of such Guarantor against the
Borrower or any other Guarantor arising as a result thereof by way of right of subrogation, contribution, reimbursement, indemnity or otherwise shall in all respects be subordinate and junior in right of payment to the prior payment in full in cash
of all the Guaranteed Obligations (excluding contingent obligations as to which no claim has been made) and the termination of all Commitments to the Borrower under the First Lien Credit Agreement. If any amount shall be paid to the Borrower or any
other Guarantor in violation of the foregoing restrictions on account of (i) such subrogation, contribution, reimbursement, indemnity or similar right or (ii) any such indebtedness of the Borrower or any other Guarantor, such amount shall
be held in trust for the benefit of the Secured Parties and shall forthwith be paid to the Administrative Agent to be credited against the payment of the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms of the First
Lien Credit Agreement and the other Loan Documents. Subject to the foregoing, to the extent that any Guarantor shall, under this Agreement or the First Lien Credit Agreement as a joint and several obligor, repay any of the Guaranteed Obligations
constituting Loans or other advances made to another Loan Party under the First Lien Credit Agreement (an “Accommodation Payment”), then the Guarantor making such Accommodation Payment shall be entitled to contribution and
indemnification from, and be reimbursed by, each of the other Guarantors in an amount equal to a fraction of such Accommodation Payment, the numerator of which fraction is such other Guarantor’s

  

					
		  	5	  	Guaranty (First Lien)

 
Allocable Amount and the denominator of which is the sum of the Allocable Amounts of all of the Guarantors; provided that such rights of contribution and indemnification shall be
subordinated to the prior payment in full, in cash, of all of the Guaranteed Obligations (excluding contingent obligations as to which no claim has been made). As of any date of determination, the “Allocable Amount” of each
Guarantor shall be equal to the maximum amount of liability for Accommodation Payments which could be asserted against such Guarantor hereunder and under the First Lien Credit Agreement without (a) rendering such Guarantor “insolvent”
within the meaning of Section 101 (32) of the Bankruptcy Code of the United States, Section 2 of the Uniform Fraudulent Transfer Act (“UFTA”) or Section 2 of the Uniform Fraudulent Conveyance Act
(“UFCA”), (b) leaving such Guarantor with unreasonably small capital or assets, within the meaning of Section 548 of the Bankruptcy Code of the United States, Section 4 of the UFTA, or Section 5 of the UFCA, or
(c) leaving such Guarantor unable to pay its debts as they become due within the meaning of Section 548 of the Bankruptcy Code of the United States or Section 4 of the UFTA, or Section 5 of the UFCA. 

ARTICLE IV 
 Miscellaneous

 Section 4.01 Notices. All communications and notices hereunder shall (except as otherwise expressly permitted herein) be in
writing and given as provided in Section 10.01 of the First Lien Credit Agreement. All communications and notice hereunder to a Guarantor other than Holdings shall be given in care of the Borrower. 

Section 4.02 Waivers; Amendment. (a) No failure by any Secured Party to exercise, and no delay by any such Person in
exercising, any right, remedy, power or privilege hereunder or under any other Loan Document shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further
exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided, and provided under each other Loan Document, are cumulative and not exclusive of any rights, remedies,
powers and privileges provided by law. No waiver of any provision of any Loan Document or consent to any departure by any Loan Party therefrom shall in any event be effective unless the same shall be permitted by paragraph (b) of this
Section 4.02, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given. 

(b) Subject to the Intercreditor Agreement, neither this Agreement nor any provision hereof may be waived, amended or modified except pursuant
to an agreement or agreements in writing entered into by the Administrative Agent and the Loan Party or Loan Parties with respect to which such waiver, amendment or modification is to apply, subject to any consent required in accordance with
Section 10.08 of the First Lien Credit Agreement. 
 Section 4.03 Administrative Agent’s Fees and Expenses;
Indemnification. (a) Each Guarantor, jointly with the other Guarantors and severally, agrees to reimburse the Administrative Agent for its fees and expenses incurred hereunder to the extent provided in Section 10.05(1) of the First
Lien Credit Agreement; provided that each reference therein to the “Borrower” shall be deemed to be a reference to “each Guarantor”. 

  

					
		  	6	  	Guaranty (First Lien)

 (b) Without limitation of the indemnification obligations under the other Loan Documents,
but without duplication of amounts paid by the Borrower pursuant to Section 10.05 of the First Lien Credit Agreement, each Guarantor jointly and severally agrees to indemnify the Administrative Agent, the Collateral Agent, the Arrangers, each
Lender and the other Indemnitees against, and hold each Indemnitee harmless from, any and all liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses and disbursements (including Attorney
Costs) of any kind or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating to or arising out of or in connection with (but limited, in the case of legal fees and expenses, to
the Attorney Costs of one counsel to all Indemnitees taken as a whole and, if reasonably necessary, a single local counsel for all Indemnitees taken as a whole in each relevant jurisdiction that is material to the interest of the such Indemnitees
(which may be a single local counsel acting in multiple material jurisdictions), and solely in the case of an actual conflict of interest where the Indemnitee affected by such conflict of interest informs the Borrower in writing of such conflict of
interest, one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole) (a) the execution, delivery, enforcement, performance or administration of this Agreement or any other
agreement, letter or instrument delivered in connection with the Transactions contemplated hereby or the consummation of the transactions contemplated hereby (including the reliance in good faith by any Indemnitee on any notice purportedly given by
or on behalf of the Borrower), (b) any actual or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated by any Guarantor, or any Environmental Liability arising out of the activities or
operations of any Guarantor, or (c) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for,
or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectively, the
“Guarantor Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands,
actions, judgments, suits, costs, expenses or disbursements resulted from (w) the gross negligence, bad faith, or willful misconduct of such Indemnitee or of any Related Party, (x) a material breach of any obligations under any Loan
Document by such Indemnitee or of any Related Party as determined by a final, non-appealable judgment of a court of competent jurisdiction, (y) any dispute solely among Indemnitees or of any Related Party
other than any claims against an Indemnitee in its capacity or in fulfilling its role as the Administrative Agent or an Arranger under the Facility and other than any claims arising out of any act or omission of the Borrower or any of its Affiliates
or (z) any settlement entered into by any Indemnitee or of any Related Party of such Indemnitee in respect of any Guarantor Indemnified Liability, in each case, without each Guarantor’s (or the Borrower’s, on behalf of each Guarantor)
prior written consent (such consent not to be unreasonably withheld or delayed), but, if such settlement occurs with Guarantor’s (or the Borrower’s on behalf of each Guarantor) written consent or if there is a final judgment for the
plaintiff in any action or claim with respect to any of the foregoing, the Guarantor shall be liable for such settlement or for such final judgment. To the extent that the undertakings to indemnify and hold harmless set forth in this
Section 4.03(b) may be unenforceable in whole or in part because they are violative of any applicable law or public policy, the Guarantors shall jointly with the other Guarantors and severally contribute the maximum portion that it is permitted
to 

  

					
		  	7	  	Guaranty (First Lien)

 
pay and satisfy under applicable law to the payment and satisfaction of all Guarantor Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any
damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems in connection with this Agreement, except to the extent resulting from the willful misconduct,
bad faith or gross negligence of such Indemnitee or any Related Party (as determined by a final and non-appealable judgment of a court of competent jurisdiction), nor shall any Indemnitee or any Guarantor have
any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other
than, in the case of any Guarantor, in respect of any such damages incurred or paid by an Indemnitee to a third party). In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 4.03(b) applies, such
indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Guarantor, its directors, stockholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party
thereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. This Section 4.03(b) shall not apply to Taxes, Other Taxes, taxes covered by Section 2.12 of the First Lien
Credit Agreement or Excluded Taxes, except it shall apply to any taxes (other than taxes imposed on or measured by net income (however denominated, and including branch profits and similar taxes) and franchise or similar taxes) that represent
losses, claims, damages, etc. arising from a non-tax claim (including a value added tax or similar tax charged with respect to the supply of legal or other services). 

(c) Any such amounts payable as provided hereunder shall be additional Guaranteed Obligations guaranteed hereby and secured by the Security
Documents. The provisions of this Section 4.03 shall remain operative and in full force and effect regardless of the termination of this Agreement, any other Loan Document, any Specified Hedge Agreement or any Cash Management Services
agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Guaranteed Obligations, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document, any resignation of the
Administrative Agent or the Collateral Agent or any document governing any of the Obligations arising under any Specified Hedge Agreements or any Cash Management Services, or any investigation made by or on behalf of the Administrative Agent or any
other Secured Party. All amounts due under this Section 4.03 shall be payable within twenty (20) Business Days after written demand therefor. 

Section 4.04 Successors and Assigns. Whenever in this Agreement any of the parties hereto is referred to, such reference shall be
deemed to include the permitted successors and assigns of such party; and all covenants, promises and agreements by or on behalf of any Guarantor or any Secured Party that are contained in this Agreement shall bind and inure to the benefit of their
respective permitted successors and assigns. No Guarantor may assign any of its rights or obligations hereunder without the written consent of the Administrative Agent. 

Section 4.05 Survival of Agreement. All covenants, agreements, indemnities, representations and warranties made by the Guarantors
in the Loan Documents and in the certificates or other instruments delivered in connection with or pursuant to this Agreement or any other Loan Document shall be considered to have been relied upon by the Secured Parties

  

					
		  	8	  	Guaranty (First Lien)

 
and shall survive the execution and delivery of the Loan Documents and the making of any Loans, regardless of any investigation made by any Secured Party or on its behalf and notwithstanding that
any Secured Party may have had notice or knowledge of any Default or Event of Default or incorrect representation or warranty at the time any credit is extended under the First Lien Credit Agreement or any other Loan Document, and shall continue in
full force and effect until this Agreement is terminated as provided in Section 4.12 hereof, or with respect to any individual Guarantor until such Guarantor is otherwise released from its obligations under this Agreement in accordance
with the terms hereof. 
 Section 4.06 Counterparts; Effectiveness; Several Agreement. This Agreement may be executed in
counterparts (and by different parties hereto in different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Agreement shall become effective when it shall have
been executed by the Guarantors and the Administrative Agent and thereafter shall be binding upon and inure to the benefit of each Guarantor, the Administrative Agent, the other Secured Parties and their respective permitted successors and assigns,
subject to Section 4.04 hereof. Delivery of an executed counterpart of a signature page of this Agreement by telecopy or other electronic imaging means (including in .pdf format via electronic mail) shall be effective as delivery of a
manually executed counterpart of this Agreement. This Agreement shall be construed as a separate agreement with respect to each Guarantor and may be amended, restated, modified, supplemented, waived or released with respect to any Guarantor without
the approval of any other Guarantor and without affecting the obligations of any other Guarantor hereunder. 
 Section 4.07
Severability. If any provision of this Agreement is held to be illegal, invalid or unenforceable, (a) the legality, validity and enforceability of the remaining provisions of this Agreement shall not be affected or impaired thereby and
(b) the parties shall endeavor in good faith negotiations to replace the illegal, invalid or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the illegal, invalid or unenforceable
provisions. The invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 

Section 4.08 GOVERNING LAW, ETC. (a) THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE
STATE OF NEW YORK. 
 (b) THE GUARANTORS AND THE ADMINISTRATIVE AGENT EACH IRREVOCABLY AND UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS
PROPERTY, TO THE EXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK CITY IN THE BOROUGH OF MANHATTAN AND OF THE UNITED STATES DISTRICT COURT OF THE SOUTHERN DISTRICT OF NEW YORK, AND ANY APPELLATE COURT FROM ANY
THEREOF, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT, OR FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, AND EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION
OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEW YORK STATE COURT OR, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN SUCH FEDERAL COURT. EACH OF THE 

  

					
		  	9	  	Guaranty (First Lien)

 
PARTIES HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED
BY LAW. EACH PARTY HERETO AGREES THAT THE ADMINISTRATIVE AGENT AND THE OTHER SECURED PARTIES RETAIN THE RIGHT TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY LAW OR TO BRING PROCEEDINGS AGAINST ANY LOAN PARTY IN THE COURTS OF ANY OTHER
JURISDICTION IN CONNECTION WITH THE EXERCISE OF ANY RIGHTS UNDER THIS AGREEMENT OR THE ENFORCEMENT OF ANY JUDGMENT. 
 (c) THE GUARANTORS
AND THE ADMINISTRATIVE AGENT EACH IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY ACTION OR PROCEEDING ARISING OUT OF OR
RELATING TO THIS AGREEMENT IN ANY COURT REFERRED TO IN PARAGRAPH (b) OF THIS SECTION. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE DEFENSE OF AN INCONVENIENT FORUM TO THE
MAINTENANCE OF SUCH ACTION OR PROCEEDING IN ANY SUCH COURT. 
 Section 4.09 WAIVER OF RIGHT TO TRIAL BY JURY. EACH PARTY HERETO
HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED
HEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT
OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 

Section 4.10 Headings. Article and Section headings and the Table of Contents used herein are for convenience of reference only,
are not part of this Agreement and are not to affect the construction of, or to be taken into consideration in interpreting, this Agreement. 

Section 4.11 Obligations Absolute. All rights of the Administrative Agent and the other Secured Parties hereunder and all
obligations of each Guarantor hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the First Lien Credit Agreement, any other Loan Document, any agreement with respect to any of the
Guaranteed Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Guaranteed Obligations, or any other amendment
or waiver of or any consent to any departure from the First Lien Credit Agreement, any other Loan Document, or any other agreement or instrument, (c) any release or amendment or waiver of or consent under or

  

					
		  	10	  	Guaranty (First Lien)

 
departure from any guarantee guaranteeing all or any of the Guaranteed Obligations or (d) subject only to termination or release of a Guarantor’s obligations hereunder in accordance
with the terms of Section 4.12, but without prejudice to reinstatement rights under Section 2.04, any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Guarantor in respect of
the Guaranteed Obligations or this Agreement. 
 Section 4.12 Termination or Release. (a) This Agreement and the Guarantees
made herein shall terminate with respect to all Guaranteed Obligations when (i) all Commitments have expired or been terminated and the Lenders have no further commitment to lend under the First Lien Credit Agreement and (ii) all principal
and interest in respect of each Term Loan and all other Guaranteed Obligations (other than (A) contingent indemnification obligations with respect to then unasserted claims and (B) Guaranteed Obligations in respect of Obligations that may
thereafter arise with respect to any Specified Hedge Agreement or any Cash Management Services agreement, in each case, not yet due and payable, unless the Administrative Agent has received written notice, at least two (2) Business Days prior
to the proposed date of any such termination, stating that arrangements reasonably satisfactory to each applicable Qualified Counterparty or Cash Management Bank, as the case may be, in respect thereof have not been made) shall have been paid in
full in cash, provided, however, that in connection with the termination of this Agreement, the Administrative Agent may require such indemnities as it shall reasonably deem necessary or appropriate to protect the Secured Parties
against (x) loss on account of credits previously applied to the Guaranteed Obligations that may subsequently be reversed or revoked, and (y) any Obligations that may thereafter arise with respect to the Specified Hedge Agreements or Cash
Management Obligations to the extent not provided for thereunder. 
 (b) A Guarantor that is a Restricted Subsidiary shall automatically be
released in the circumstances set forth in Section 10.18 of the First Lien Credit Agreement. 
 (c) In connection with any termination
or release pursuant to clauses (a) or (b) above, the Administrative Agent shall promptly execute and deliver to any Guarantor, at such Guarantor’s expense, all documents that such Guarantor shall reasonably request to evidence such
termination or release. Any execution and delivery of documents pursuant to this Section 4.12 shall be without recourse to or warranty by the Administrative Agent. 

(d) At any time that the respective Guarantor desires that the Administrative Agent take any of the actions described in immediately preceding
clause (c), it shall, upon request of the Administrative Agent, deliver to the Administrative Agent an officer’s certificate certifying that the release of the respective Guarantor is permitted pursuant to clause (a) or (b) above. The
Administrative Agent shall have no liability whatsoever to any Secured Party as a result of any release of any Guarantor by it as permitted (or which the Administrative Agent in good faith believes to be permitted) by this Section 4.12.

 Section 4.13 Additional Restricted Subsidiaries. To the extent required by Section 5.10 of the First Lien Credit
Agreement, a Restricted Subsidiary shall become a Guarantor hereunder with the same force and effect as if originally named as a Guarantor herein, and such Restricted Subsidiary shall execute and deliver to the Administrative Agent a Guaranty
Supplement. Upon execution and delivery by the Administrative Agent and a Restricted 

  

					
		  	11	  	Guaranty (First Lien)

 Subsidiary of a Guaranty Supplement, such Restricted Subsidiary shall become a Guarantor hereunder with the
same force and effect as if originally named as a Guarantor herein. The execution and delivery of any such instrument shall not require the consent of any other Guarantor hereunder. The rights and obligations of each Guarantor hereunder shall remain
in full force and effect notwithstanding the addition of any new Guarantor as a party to this Agreement. 
 Section 4.14 Recourse;
Limited Obligations. This Agreement is made with full recourse to each Guarantor and pursuant to and upon all the warranties, representations, covenants and agreements on the part of such Guarantor contained herein, in the First Lien Credit
Agreement and the other Loan Documents and otherwise in writing in connection herewith or therewith. It is the desire and intent of each Guarantor and each applicable Secured Party that this Agreement shall be enforced against each Guarantor to the
fullest extent permissible under applicable law applied in each jurisdiction in which enforcement is sought. 
 Section 4.15
Intercreditor Agreement. The Guarantors and the Administrative Agent acknowledge that the exercise of certain of the Administrative Agent’s rights and remedies hereunder may be subject to, and restricted by, the provisions of the
Intercreditor Agreement. Except as specified herein, nothing contained in the Intercreditor Agreement shall be deemed to modify any of the provisions of this Agreement, which, as among the Guarantors and the Administrative Agent shall remain in full
force and effect. 
 Section 4.16 Keepwell 

Each Qualified ECP Guarantor hereby jointly and severally absolutely, unconditionally and irrevocably undertakes to provide such funds or other
support as may be needed from time to time by each other Loan Party and each Limited Guarantor, as the case may be, to honor all of its obligations under this Agreement or the Limited Recourse Guaranty of such Limited Guarantor in respect of Swap
Obligations (provided, however, that any Qualified ECP Guarantor shall only be liable under this Section 4.16 for the maximum amount of such liability that can be hereby incurred without rendering its obligations under this Section 4.16,
or otherwise under this Agreement, as it relates to such other Loan Party or such Limited Guarantor, voidable under applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations of each
Qualified ECP Guarantor under this Section 4.16 shall remain in full force and effect until the termination of this Agreement pursuant to its terms. Each Qualified ECP Guarantor intends that this Section 4.16 constitute, and this
Section 4.16 shall be deemed to constitute, a “keepwell, support, or other agreement” for the benefit of each other Loan Party and each Limited Guarantor for all purposes of Section 1a(18)(A)(v)(II) of the Commodity Exchange Act.

 [Signature Pages Follow] 

  

					
		  	12	  	Guaranty (First Lien)

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed by
their respective authorized officers as of the day and year first above written. 
  

	
	 GUARANTORS:

	
	
BEACON HOLDING INC.

			
		
	By:	 	  

		 	Name:
		 	Title:

  

					
		  		  	Guaranty (First Lien)

 
	
	GUARANTORS:
	
	BJME OPERATING CORP., as Guarantor

 
			
		
	By:	 	  

		 	Name:
		 	Title:

 
	
	
	BJNH OPERATING CO., LLC, as Guarantor

 
			
		
	By:	 	  

		 	Name:
		 	Title:

 
	
	
	NATICK REALTY, INC., as Guarantor

 
			
		
	By:	 	  

		 	Name:
		 	Title:

  

					
		  		  	Guaranty (First Lien)

 
	
	ADMINISTRATIVE AGENT:
	
	NOMURA CORPORATE FUNDING
	AMERICAS, LLC, as Administrative Agent

 
			
		
	By:	 	  

		 	Name:
		 	Title:

  

					
		  		  	Guaranty (First Lien)

 SCHEDULE I TO GUARANTY 

GUARANTORS 
 BEACON HOLDING
INC.     
 BJME OPERATING CORP.     

BJNH OPERATING CO., LLC     
 NATICK REALTY,
INC.     

  

					
		  		  	Guaranty (First Lien)

 EXHIBIT I TO GUARANTY 

FORM OF GUARANTY SUPPLEMENT 

SUPPLEMENT NO.      dated as of             
    , 20    , to the Term Loan Guaranty Agreement dated as of February 3, 2017 (as amended, restated, amended and restated, supplemented and/or otherwise modified from time to time, the
“Guaranty”), among BEACON HOLDING INC., a Delaware corporation (“Holdings”), the other Guarantors party thereto from time to time and NOMURA CORPORATE FUNDING AMERICAS, LLC, as Administrative Agent for the Secured Parties.

 A. Reference is made to the First Lien Term Loan Credit Agreement, dated as of February 3, 2017 (as amended, restated, amended and
restated, supplemented and/or otherwise modified from time to time, the “First Lien Credit Agreement”), by, among others, the Borrower, Holdings, the Lenders party thereto from time to time, and NOMURA CORPORATE FUNDING AMERICAS,
LLC, as Administrative Agent and Collateral Agent for the Lenders. 
 B. Capitalized terms used herein and not otherwise defined herein
shall have the meanings assigned to such terms in the First Lien Credit Agreement and the Guaranty, as applicable. 
 C. The Guarantors have
entered into the Guaranty in order to induce the Lenders to make Term Loans to the Borrower. Section 4.13 of the Guaranty provides that additional Restricted Subsidiaries may become Guarantors under the Guaranty by execution and delivery of an
instrument in the form of this Supplement. The undersigned Restricted Subsidiary (the “New Subsidiary”) is executing this Supplement in accordance with the requirements of the First Lien Credit Agreement to become a Guarantor under
the Guaranty as consideration for Term Loans previously made. 
 Accordingly, the Administrative Agent and the New Subsidiary agree as
follows: 
 Section 1. In accordance with Section 4.13 of the Guaranty, the New Subsidiary by its signature below becomes a
Guarantor under the Guaranty with the same force and effect as if originally named therein as a Guarantor and the New Subsidiary hereby (a) agrees to all the terms and provisions of the Guaranty applicable to it as a Guarantor thereunder and
(b) represents and warrants that the representations and warranties made by the Borrower with respect to the Guarantors under the First Lien Credit Agreement are true and correct in all material respects (except to the extent any such
representations and warranty is qualified as to “Material Adverse Effect”, in which case such representation and warranty, to the extent qualified by a “Material Adverse Effect”, shall be true and correct in all respects) with
respect to the New Subsidiary on and as of the date hereof, provided that, to the extent that such representations and warranties specifically refer to an earlier date, they shall be true and correct in all material respects (except to the
extent any such representations and warranty is qualified as to “Material Adverse Effect”, in which case such representation and warranty, to the extent qualified by a “Material Adverse Effect”, shall be true and correct in all
respects) as of such earlier date. Each reference to a “Guarantor” in the Guaranty shall be deemed to include the 

  

					
		  	I-1	  	Guaranty (First Lien)

 Exhibit I 

to 
 Guaranty 

 

 
New Subsidiary as if originally named therein as a Guarantor. The Guaranty is hereby incorporated herein by reference. 

Section 2. The New Subsidiary represents and warrants to the Administrative Agent and the other Secured Parties that this
Supplement has been duly authorized, executed and delivered by it and constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms, except as such enforceability may be limited by Title 11 of the United
States Code, as now constituted or hereinafter amended, or any other federal, state or foreign bankruptcy, insolvency, receivership or similar law and by general principles of equity and principles of good faith and fair dealing. 

Section 3. This Supplement may be executed in counterparts (and by different parties hereto on different counterparts), each of
which shall constitute an original, but all of which when taken together shall constitute a single contract. This Supplement shall become effective when the Administrative Agent shall have received a counterpart of this Supplement that bears the
signature of the New Subsidiary and the Administrative Agent has executed a counterpart hereof. Delivery of an executed counterpart of a signature page of this Supplement by telecopy or other electronic imaging means (including in .pdf format via
electronic mail) shall be effective as delivery of a manually executed counterpart of this Supplement. 
 Section 4. Except as
expressly supplemented hereby, the Guaranty shall remain in full force and effect. 
 Section 5. (a) THIS SUPPLEMENT SHALL BE
GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 
 (b) EACH PARTY HERETO IRREVOCABLY AND UNCONDITIONALLY
SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE EXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK CITY IN THE BOROUGH OF MANHATTAN AND OF THE UNITED STATES DISTRICT COURT OF THE SOUTHERN DISTRICT OF NEW YORK, AND ANY
APPELLATE COURT FROM ANY THEREOF, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS SUPPLEMENT, OR FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, AND EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY AGREES THAT ALL CLAIMS IN
RESPECT OF ANY SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEW YORK STATE COURT OR, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN SUCH FEDERAL COURT. EACH OF THE PARTIES HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH
ACTION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. EACH PARTY HERETO AGREES THAT THE ADMINISTRATIVE AGENT AND THE OTHER SECURED PARTIES RETAIN THE RIGHT
TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY LAW OR TO BRING PROCEEDINGS AGAINST ANY LOAN PARTY IN THE COURTS OF ANY OTHER JURISDICTION IN CONNECTION WITH THE EXERCISE 

  

					
		  	I-2	  	Guaranty (First Lien)

 Exhibit I 

to 
 Guaranty 

 

 
OF ANY RIGHTS UNDER THIS SUPPLEMENT OR THE ENFORCEMENT OF ANY JUDGMENT. 
 (c) EACH
PARTY HERETO IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS SUPPLEMENT
IN ANY COURT REFERRED TO IN PARAGRAPH (b) OF THIS SECTION. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION OR
PROCEEDING IN ANY SUCH COURT. 
 (d) EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY
RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS SUPPLEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO
(A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES
THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS SUPPLEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 

Section 6. If any provision of this Supplement is held to be illegal, invalid or unenforceable, (a) the legality, validity
and enforceability of the remaining provisions of this Supplement shall not be affected or impaired thereby and (b) the parties shall endeavor in good faith negotiations to replace the illegal, invalid or unenforceable provisions with valid
provisions the economic effect of which comes as close as possible to that of the illegal, invalid or unenforceable provisions. The invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable such provision in
any other jurisdiction. 
 Section 7. All communications and notices hereunder shall be in writing and given as provided in
Section 4.01 of the Guaranty. 
 Section 8. The New Subsidiary agrees to reimburse the Administrative Agent for its
reasonable out-of-pocket expenses in connection with this Supplement, as provided in Section 4.03(a) of the Guaranty. 

  

					
		  	I-3	  	Guaranty (First Lien)

 Exhibit I 

to 
 Guaranty 

IN WITNESS WHEREOF, the New Subsidiary and the Administrative Agent have duly executed this Supplement to the Guaranty as of the day and year
first above written. 
  

			
	 [NAME OF NEW
SUBSIDIARY]

 
			
		
	 By:
	 	  

		 	 Name:

		 	 Title:

 
			
	
	 NOMURA CORPORATE FUNDING
 AMERICAS,
LLC, as Administrative Agent

 
			
		
	 By:
	 	  

		 	 Name:

		 	 Title:

		
	 By:
	 	  

		 	 Name:

		 	 Title:

  

					
		  	I-4	  	Guaranty (First Lien)

 Execution Version 

Schedule 1.01S 

Specified Sale and Lease-Back Properties 
  

							
	 Club#
	  	 Owner
	  	 Address/City/State/Zip Code
	  	 County

	31	  	Natick Realty, Inc.	  	 40 Black Rock Turnpike
 Fairfield, CT
06825-5507
	  	Fairfield
				
	52	  	Natick Realty, Inc.	  	 Court at Oxford Valley
 350 Commerce
Blvd.
 Fairless Hills, PA 19030
	  	Bucks
				
	57	  	Natick Realty, Inc.	  	 550 Madison Avenue
 Reading, PA
19605
	  	Berks
				
	61	  	Natick Fifth Realty Corp.	  	 55 Music Fair Road
 Owings Mills, MD
21117
	  	Baltimore
				
	67	  	Natick NJ 1993 Realty Corp.	  	 1001 East Edgar Road
 Linden, NJ
07036
	  	Union
				
	107	  	BJ’s Wholesale Club, Inc.	  	 4150 NW Federal Highway
 Jensen Beach, FL
34957
	  	Martin
				
	126	  	BJ’s Wholesale Club, Inc.	  	 1155 Palm Bay Road NE
 Melbourne, FL
32904
	  	Brevard
				
	149	  	Natick NH Hooksett Realty Corp.	  	 400 Quality Drive
 Hooksett, NH
03106
	  	Merrimack
				
	198	  	Natick Realty, Inc.	  	 1320 Starling Drive
 Richmond, VA
23229
	  	Henrico
				
	199	  	BJ’s Wholesale Club, Inc.	  	 2577 S. Highway 27
 Clermont, FL
34711
	  	Lake
				
	303	  	Natick Realty, Inc.	  	 756 State Highway 28
 Oneonta, NY
13820
	  	Otsego
				
	308	  	Natick NJ Flemington Realty Corp.	  	 186 Highway 31
 Flemington, NJ 08822
	  	Hunterdon

 Schedule 2.01 

Commitments 
  

					
	Lender	  	Tranche B Term
Loan Commitment	 
		
	 Nomura Corporate Funding Americas, LLC
	  	$	1,925,000,000.00	 

 Schedule 3.04 

Governmental Approvals 
 None. 

 Schedule 3.05 

Possession under Leases 
 None. 

 Schedule 3.06 

Subsidiaries 
  

																	
	 Holder
	  	 Issuer
	 	 Type of
Organization
	  	 Jurisdiction of

Organization /

Formation
	  	# of
Shares
Owned	  	Total
Shares
Outstanding	  	% of
Interest
Pledged	  	Certificate
No.	  	Par
Value
	Beacon Holding Inc.	  	BJ’s Wholesale Club, Inc.	 	Corporation	  	Delaware	  	10	  	10	  	100%	  	1	  	$0.01
	BJ’s Wholesale Club, Inc.	  	CWC Beverages Corp.	 	Corporation	  	Connecticut	  	1	  	1	  	100%	  	3	  	n/a
	BJ’s Wholesale Club, Inc.	  	JWC Beverages Corp.	 	Corporation	  	New Jersey	  	1	  	1	  	100%	  	3	  	n/a
	BJ’s Wholesale Club, Inc.	  	Mormax Beverages Corp.	 	Corporation	  	Delaware	  	100	  	100	  	100%	  	2	  	$0.01
	BJ’s Wholesale Club, Inc.	  	Mormax Corporation	 	Corporation	  	Massachusetts	  	5,000	  	5,000	  	100%	  	4	  	$1.00
	BJ’s Wholesale Club, Inc.	  	Natick GA Beverage Corp.	 	Corporation	  	Georgia	  	100	  	100	  	100%	  	1	  	$1.00
	BJ’s Wholesale Club, Inc.	  	YWC Beverages Corp.	 	Corporation	  	New York	  	1	  	1	  	100%	  	3	  	n/a
	BJ’s Wholesale Club, Inc.	  	BJME Operating Corp.	 	Corporation	  	Massachusetts	  	1,000	  	1,000	  	100%	  	4	  	$1.00

  
 Schedule 3.06-1 

																	
	 Holder
	  	 Issuer
	 	 Type of
Organization
	 	 Jurisdiction of
Organization /
Formation
	 	# of
Shares
Owned	 	Total
Shares
Outstanding	 	% of
Interest
Pledged	 	 Certificate

No.
	 	 Par

Value

	BJME Operating Corp.	  	Natick Realty, Inc.	 	Corporation	 	Maryland	 	105,000	 	105,0001	 	100%	 	5	 	$0.01 per share
	BJME Operating Corp.	  	BJNH Operating Co., LLC	 	Limited Liability Company	 	Delaware	 	n/a	 	n/a	 	100%	 	Uncertificated	 	n/a
	Natick Realty, Inc.	  	Natick Fifth Realty Corp.	 	Corporation	 	Maryland	 	1,000	 	1,000	 	100%	 	2	 	$1.00 per share
	Natick Realty, Inc.	  	Natick NH Hooksett Realty Corp.	 	Corporation	 	New Hampshire	 	100	 	100	 	100%	 	1	 	$1.00 per share
	Natick Realty, Inc.	  	Natick NJ 1993 Realty Corp.	 	Corporation	 	New Jersey	 	1,000	 	1,000	 	100%	 	2	 	$1.00 per share
	Natick Realty, Inc.	  	Natick NJ Flemington Realty Corp.	 	Corporation	 	New Jersey	 	1,000	 	1,000	 	100%	 	2	 	$1.00 per share
	Natick Realty, Inc.	  	Natick NJ Manahawkin Realty Corp.	 	Corporation	 	New Jersey	 	100	 	100	 	100%	 	2	 	$1.00 per share
	Natick Realty, Inc.	  	Natick NJ Realty Corp.	 	Corporation	 	New Jersey	 	1,000	 	1,000	 	100%	 	2	 	$1.00 per share

  

	1 	 Approximately 120 shares of Series A Non-Voting Preferred Stock of
Natick Realty, Inc. are held by various current and former employees of BJ’s Wholesale Club, Inc. or their estates. BJME Operating Corp. holds all of the outstanding Common Stock of Natick Realty, Inc. 

  
 Schedule 3.06-2 

 Schedule 3.11 

Taxes 
 None. 

 Schedule 3.13 

Environmental Matters 
 None. 

 Schedule 3.15(1) 

Owned Material Real Property 
  

							
	 Club #
	  	 Owner
	  	 Address/City/State/Zip Code
	  	 County

				
	31	  	Natick Realty, Inc.	  	 40 Black Rock Turnpike

Fairfield, CT 06825-5507
	  	Fairfield
				
	52	  	Natick Realty, Inc.	  	 Court at Oxford Valley

350 Commerce Blvd.

Fairless Hills, PA 19030
	  	Bucks
				
	57	  	Natick Realty, Inc.	  	 550 Madison Avenue

Reading, PA 19605
	  	Berks
				
	61	  	Natick Fifth Realty Corp.	  	 55 Music Fair Road

Owings Mills, MD 21117
	  	Baltimore
				
	67	  	Natick NJ 1993 Realty Corp.	  	 1001 East Edgar Road

Linden, NJ 07036
	  	Union
				
	107	  	BJ’s Wholesale Club, Inc.	  	 4150 NW Federal Highway

Jensen Beach, FL 34957
	  	Martin
				
	126	  	BJ’s Wholesale Club, Inc.	  	 1155 Palm Bay Road NE

Melbourne, FL 32904
	  	Brevard
				
	149	  	Natick NH Hooksett Realty Corp.	  	 400 Quality Drive

Hooksett, NH 03106
	  	Merrimack
				
	198	  	Natick Realty, Inc.	  	 1320 Starling Drive

Richmond, VA 23229
	  	Henrico
				
	199	  	BJ’s Wholesale Club, Inc.	  	 2577 S. Highway 27

Clermont, FL 34711
	  	Lake
				
	303	  	Natick Realty, Inc.	  	 756 State Highway 28

Oneonta, NY 13820
	  	Otsego
				
	308	  	Natick NJ Flemington Realty Corp.	  	 186 Highway 31

Flemington, NJ 08822
	  	Hunterdon

 Schedule 3.15(2) 

Leased Material Real Property 
  

					
	 Club #
	  	 Location
	  	 Lease Agreement

	1	  	278 Middlesex Avenue, Medford, MA 02155	  	Lease dated April 12, 1984 between Pepperlane Realty Trust and BJ’s Wholesale Club, Inc.
			
	7	  	 1440 Central Ave.
 Albany, NY 12205
	  	Lease dated May 23, 1985 between Colonie Associates and BJ’s Wholesale Club, Inc.
			
	8	  	 300 Route 17
 E. Rutherford, NJ
07073
	  	Lease dated August 26, 1985 between Management Investment Company and BJ’s Wholesale Club, Inc.
			
	10	  	 6924 Frank Ave., NW
 North Canton, OH
44720
	  	Lease dated June 4, 1998, between BJ’s Portage Limited and BJ’s Wholesale Club, Inc.
			
	11	  	 4000 Nesconset Highway
 East Setauket, NY
11733
	  	Lease dated June 23, 1998 between AVR Realty Company and BJ’s Wholesale Club, Inc.
			
	13	  	 131 East Kings Highway
 Maple Shade, NJ
08052
	  	Lease dated October 17, 1985 between Man-Tex Associates and BJ’s Wholesale Club, Inc.
			
	15	  	 124 Sunset Blvd.
 New Castle, DE
19720
	  	Lease dated 4/30/1987 between 326 Associations, LP, (LL) and BJ’s Wholesale Club, Inc., as successor to Mormax Corporation.
			
	17	  	 70 Cluff Road
 Salem, NH 03079
	  	Lease dated 6/26/1986 between Cluff Road Associates and BJ’s Wholesale Club, Inc., as successor to Mormax Corporation.

  

  
 Schedule 3.15(2)-1 

					
	 Club #
	  	 Location
	  	 Lease Agreement

	18	  	 622 Washington Street
 Weymouth, MA
02188
	  	Lease dated 8/6/1986 between Barry H. Dimson and Joshua W. Yatzen, Trustees of Weymouth S.C. Associates Realty Trust, as Landlord, and BJ’s Wholesale Club, Inc., as successor to Mormax Corporation.
			
	19	  	 110 Centerville Road
 Lancaster, PA
17603
	  	Lease dated 9/30/2011 between Cole BJ Portfolio I LLC and BJ’s Wholesale Club, Inc.
			
	20	  	 650 Memorial Drive
 Chicopee, MA
01013
	  	Lease dated November 19, 1986 between Chicopee Corporation, Inc. and Waban, Inc.2 
			
	21	  	 1785 Airport Road South
 Allentown

(Hanover Township),
 PA 18109
	  	Lease dated November 22, 1991 between OpCo. Inc. and Waban Inc.
			
	22	  	 2044 Red Lion Road
 Philadelphia, PA
19115
	  	Lease dated June 23, 2015 between Baker Red Lion LLC and Angel Red Lion LLC and BJ’s Wholesale Club, Inc.
			
	23	  	 460 State Road
 N. Dartmouth, MA
02747
	  	Lease dated 9/21/12 between Ladder Capital Finance LLC and BJ’s Wholesale Club, Inc.
			
	25	  	 3805 Hartzdale Drive
 Camp Hill, PA
17011
	  	Lease dated January 19, 1990 between Cedar Run Development and Waban Inc.
			
	26	  	 1000 U.S. Highway
 One Edison, NJ
08817
	  	Lease dated April 19, 1989 between Edison Woods, Inc. and BJ’s Wholesale Club, Inc. as successor to Mormax Corporation.
			
	27	  	 1904 Route 35
 Oakhurst, NJ 07755
	  	Lease dated November 22, 1989 between Highway 35 Associates and Waban Inc.
			
	29	  	 513-515 Warren Avenue

Portland, ME 04103
	  	Lease dated August 23, 1990 between BJ/Portland LP and Waban Inc.

  
  

	2 	 Please note that all leases to which Waban Inc. was a party were assigned to BJ’s Wholesale Club, Inc. in
1997. 

  

  
 Schedule 3.15(2)-2 

					
	 Club #
	  	 Location
	  	 Lease Agreement

	30	  	 6 Hutchinson Drive
 Danvers, MA
01923
	  	Lease dated November 17, 1989 between Hutchison Realty Trust II and Waban Inc.
			
	32	  	 500 State Road 7 (US 441)
 Royal Palm
Beach,
 FL 33411
	  	Lease dated September 4, 1998, between Fairgrounds Associates, LTD and BJ’s Wholesale Club, Inc.
			
	33	  	 13053 Fair Lakes
 Shopping Center

Fairfax, VA 22033
	  	Lease dated 9/30/2011 between National Retail Properties, LP and BJ’s Wholesale Club, Inc.
			
	34	  	 901 Technology Center Drive
 Stoughton, MA
02072
	  	Lease dated March 18, 1991 between the 901 TCD Nominee Trust and Waban Inc.
			
	35	  	 4408 Milestrip Road
 Hamburg, NY
14219
	  	Lease dated May 14, 1990 between Benderson 85-I Trust and Waban Inc.
			
	36	  	 3712 Virginia Beach
 Blvd. Virginia
Beach,
 VA 23452
	  	Lease dated May 11, 1990 between Buffalo Norfolk Associates and Waban Inc.
			
	37	  	 344 Reidville Drive
 Waterbury, CT
06705
	  	Lease dated January 30, 2015 between Reidville Drive, LLC and BJ’s Wholesale Club, Inc.
			
	38	  	 777 Washington Street
 (Route 20) Auburn,

MA 01501
	  	Lease dated August 20, 1992 between Auburn Commercial Associates LP and Waban Inc.
			
	39	  	 8 Sexton Avenue
 Nashua, NH 03060
	  	Lease dated 9/30/2011 between Realty Income Corporation and BJ’s Wholesale Club, Inc.
			
	40	  	 4201 Wholesale Club
 Drive Baltimore,

MD 21236
	  	Lease dated April 12, 1991 between Belair Road White Marsh Joint Venture and Waban Inc.
			
	41	  	14123 Noblewood Plaza Woodbridge, VA 22193	  	Lease dated 9/30/2011 between Realty Income Corporation and BJ’s Wholesale Club, Inc.

  

  
 Schedule 3.15(2)-3 

					
	 Club #
	  	 Location
	  	 Lease Agreement

	44	  	 396-420 Luis Munoz

Marin Blvd. Jersey City,
 NJ 07302
	  	Lease dated July 15, 1993 between G&S Investors/Jersey City and Waban Inc.
			
	45	  	 Two Chevy Drive
 East Syracuse, NY
13057
	  	Lease dated October 30, 1992 between American Real Estate Holdings Limited Partnership and Waban Inc.
			
	46	  	 101 South Van Dorn St.
 (Rte. 401)
Alexandria,
 VA 22304
	  	Lease dated September 17, 1991 between Carl M. Freeman Associates, Inc. and Waban Inc.
			
	47	  	 26 Whittier Street
 Framingham, MA
01701
	  	Lease dated October 16, 1991 between Laborers’ Pension/Framingham Investment Corporation and Waban Inc.
			
	48	  	 One Howard Boulevard
 Ledgewood, NJ
07852
	  	Lease dated 9/30/2011 between National Retail Properties, LP and BJ’s Wholesale Club, Inc.
			
	49	  	 1000 Old Nichols Road
 Islandia, NY
11788
	  	Lease dated December 31, 1991 between John Joseph Garza and Darcy Lynn Garza and Natick NY Realty Corp.3 
			
	50	  	 85 Cedar Street
 Stoneham, MA 02180
	  	Lease dated November 8, 1991 between IYH Corporation and Waban Inc.
			
	51	  	 7007 SW 117th Avenue
 Kendall, FL
33183
	  	Lease dated December 6, 1991 between Muben-Lamar, LP and Waban Inc.
			
	53	  	 1404 Route 9
 Wappinger Falls, NY

12590
	  	Lease dated December 12, 1991 between Alpine Company of Poughkeepsie and Waban Inc.
			
	54	  	 13700 Pines Boulevard
 Pembroke Pines, FL

33027
	  	Lease dated 9/30/2011 between Cole BJ Portfolio I LLC and BJ’s Wholesale Club, Inc.

  

	3 	 Natick NY Realty Corp. was merged into Natick Realty, Inc. in 2013. 

  
 Schedule 3.15(2)-4 

					
	 Club #
	  	 Location
	  	 Lease Agreement

	55	  	 287 Washington Street
 S. Attleboro, MA
02703
	  	Lease dated 9/30/2011 between National Retail Properties, LP and BJ’s Wholesale Club, Inc.
			
	56	  	 1260 Woodland Avenue
 Springfield, PA
19064
	  	Lease dated March 26, 1992 between Commonwealth Real Estate Investors and Waban Inc.
			
	58	  	 115 Erdman Way
 Leominster, MA 01453
	  	Lease dated 9/30/2011 between Cole BJ Portfolio I LLC and BJ’s Wholesale Club, Inc.
			
	59	  	 8139 Governor Ritchie
 Highway

Pasadena, MD 21122
	  	Lease dated April 22, 1992 between Aetna Life Insurance Company and Waban Inc.
			
	60	  	 9011 Snowden River
 Parkway

Columbia, MD 21045
	  	Lease dated 9/30/2011 between Realty Income Corporation and BJ’s Wholesale Club, Inc.
			
	62	  	 1801 Woodbury Avenue
 Portsmouth, NH
03801
	  	Lease dated 9/30/2011 between Cole BJ Portfolio I LLC and BJ’s Wholesale Club, Inc.
			
	63	  	 2250 York Crossing
 Drive

York, PA 17408
	  	Lease dated 9/21/12 between Realty Income Corporation and BJ’s Wholesale Club, Inc.
			
	64	  	 400 River Road
 Utica, NY 13502
	  	Lease dated July 20, 2001 between the Senpike Mall Company and BJ’s Wholesale Club, Inc.
			
	66	  	 3067 Route 50
 Saratoga Springs, NY

12866
	  	Lease dated 9/21/12 between Ladder Capital Finance LLC and BJ’s Wholesale Club, Inc.
			
	68	  	 4145 Route 31
 Clay, NY 13041
	  	Lease dated 9/21/12 between Realty Income Corporation and BJ’s Wholesale Club, Inc.
			
	69	  	 3985 Plank Road
 Fredericksburg, VA

22407
	  	Lease dated October 10, 1994 between FBJ Associates LP and Waban Inc.

  
 Schedule 3.15(2)-5 

					
	 Club #
	  	 Location
	  	 Lease Agreement

	70	  	 2301 Taylor Road
 Chesapeake, VA
23321
	  	Lease dated August 26, 1993 between Crossroads North and Waban Inc.
			
	71	  	 413 Constant Friendship
 Blvd

Abingdon, MD 21009
	  	Lease dated 9/21/12 between Realty Income Corporation and BJ’s Wholesale Club, Inc.
			
	72	  	 1000 St. Nicholas Drive
 Waldorf, MD
20603
	  	Lease dated 9/21/12 between Ladder Capital Finance LLC and BJ’s Wholesale Club, Inc.
			
	73	  	 1601 US Route 22 West
 Watchung, NJ
07069
	  	Lease dated December 31, 1992 between Watchung Holding Corporation and Waban Inc.
			
	74	  	 200 Wrangleboro
 Consumer Square

May’s Landing, NJ 08330
	  	Lease dated March 30, 1993 between Benderson Wainberg Associates LP, Corporation and Waban Inc.
			
	75	  	 950 Ridge Road
 Webster, NY 14580
	  	Lease dated February 5, 1993 between Hard Road Associates and Waban Inc.
			
	76	  	 3303 Crompond Road
 Yorktown Heights, NY

10598
	  	Lease dated 9/30/2011 between Realty Income Corporation and BJ’s Wholesale Club, Inc.
			
	77	  	 1050 Palisades Center
 Drive West Nyack,
NY
 10994
	  	Lease dated May 24, 1996 between EklecCo and Waban Inc.
			
	78	  	 507 New Park Avenue
 West Hartford, CT
06110
	  	Lease dated 9/30/2011 between National Retail Properties, LP and BJ’s Wholesale Club, Inc.
			
	79	  	 70 Campbell Road
 Rotterdam, NY
12306
	  	Lease dated June 9, 1994 between BTL Properties and Waban Inc.
			
	84	  	 125 Cross Road
 Waterford, CT 06385
	  	Lease dated 9/21/12 between Realty Income Corporation and BJ’s Wholesale Club, Inc.

  
 Schedule 3.15(2)-6 

					
	 Club #
	  	 Location
	  	 Lease Agreement

	85	  	 1910 Deptford Center
 Road

Deptford, NJ 08096
	  	Lease dated 9/30/2011 between Cole BJ Portfolio I LLC and BJ’s Wholesale Club, Inc.
			
	86	  	 1008 East Lancaster
 Avenue

Downingtown, PA 19335
	  	Lease dated May 30, 1995 between Brandywine Square Associates and Waban Inc.
			
	91	  	 10425 Martin Road
 Miami, FL 33157
	  	Lease dated October 31, 1995 between CRC Associates, Ltd. and Waban Inc.
			
	92	  	 300 Alan Wood Road
 Conshohocken, PA
19428
	  	Lease dated 9/30/2011 between Realty Income Corporation and BJ’s Wholesale Club, Inc.
			
	93	  	 555 Universal Drive
 North Haven, CT
06473
	  	Sublease dated February 28, 1997 between The Price Company and Waban Inc.
			
	94	  	 110 Route 23 North
 Riverdale, NJ
07457
	  	Lease dated January 29, 1997 between Heller-Riverdale, L.L.C. and Waban Inc.
			
	96	  	 36595 Euclid Avenue
 Willoughby, OH
44094
	  	Lease dated April 3, 1997 between First Interstate Willoughby and Waban Inc.
			
	97	  	 137-05 20th Avenue

College Point, NY 11356
	  	Sub-lease dated May 30, 1997 between Whitestone Development Partners and Waban Inc.
			
	100	  	 941 Route 37 West
 Toms River, NJ
08755
	  	Lease dated September 30, 1997 between 909 Rt. 37 West Associates, L.L.C. and BJ’s Wholesale Club, Inc.
			
	101	  	 688 Providence Highway
 Dedham, MA
02026
	  	Lease dated April 16, 1998 between Pearl Realty Associates, LLC and BJ’s Wholesale Club, Inc.

  
 Schedule 3.15(2)-7 

					
	 Club #
	  	 Location
	  	 Lease Agreement

	102	  	 1677 Home Avenue
 Akron, OH 44310
	  	Lease dated November 18, 1997, between Plaza Chapel Hill Akron Co., and BJ’s Wholesale Club, Inc.
			
	105	  	 100 Corporate Drive
 Franklin, MA
02038
	  	Lease, dated March 19, 1998 between NDNE Corporate Drive LLC, and BJ’s Wholesale Club, Inc.
			
	106	  	 5901 Hillsboro Boulevard
 Parkland, FL
33067
	  	Lease dated March 17, 1998 between Parcland Associates, LTD., and BJ’s Wholesale Club, Inc.
			
	108	  	 12200 Atlantic Boulevard
 Jacksonville, FL
32225
	  	Lease dated February 10, 1999 between Property Management Support Inc. and BJ’s Wholesale Club, Inc.
			
	109	  	 4000 Oakwood Boulevard
 Hollywood, FL
33020
	  	Lease dated 4/28/1999 between Oakwood Plaza Limited Partnership and BJ’s Wholesale Club, Inc.
			
	110	  	 2370 Walnut Street
 Cary, NC 27518
	  	Lease dated February 11, 1999 between Caryvest, LLC, and BJ’s Wholesale Club, Inc.
			
	111	  	 8005 NW 95th Street
 Hialeah Gardens, FL

33016
	  	Lease dated 9/30/2011 between National Retail Properties, LP and BJ’s Wholesale Club, Inc.
			
	112	  	 6000 Brush Hollow Road
 Westbury, NY
11590
	  	Lease dated May 21, 1999 between Lerner Sibling Partnership and Briar Ridge Realty LLC and BJ’s Wholesale Club, Inc.
			
	113	  	 105 Shops at 5 Way
 Plymouth, MA
02360
	  	Lease dated May 3, 2004 between Plymouth Exit 5 LLC, and BJ’s Wholesale Club, Inc.
			
	114	  	 11715 Carolina Place
 Parkway

Pineville, NC 28134
	  	Lease dated May 7, 1999, between Pineville BJ’s, LLC and BJ’s Wholesale Club, Inc.
			
	115	  	 38292 Colorado Avenue
 Avon, OH
44011
	  	Lease dated May 13, 1999, between First Interstate 611, Ltd., and BJ’s Wholesale Club, Inc.

  
 Schedule 3.15(2)-8 

					
	 Club #
	  	 Location
	  	 Lease Agreement

	116	  	 50 Eastview Mall Drive
 Victor, NY
14564
	  	Lease dated May 27, 1999 between Starwood Ceruzzi Victor LLC., and BJ’s Wholesale Club, Inc.
			
	117	  	 S30 Route 17
 Paramus, NJ 07652
	  	Lease dated June 22, 1999 between Burroughs, L.P.M. and BJ’s Wholesale Club, Inc.
			
	118	  	 141 Gallery Center Drive
 Mooresville, NC
28117
	  	Lease dated 9/21/12 between Ladder Capital Finance LLC and BJ’s Wholesale Club, Inc.
			
	119	  	 790 Centre of New
 England Boulevard

Coventry, RI 02816
	  	Lease dated June 16, 1999 between Commerce Park Associates 7 LLC and BJ’s Wholesale Club, Inc.
			
	120	  	 415 East Merritt Avenue
 Merritt Island, FL
32953
	  	Lease dated December 7, 1999 between Pamagrant Associates Inc. and BJ’s Wholesale Club, Inc.
			
	122	  	 4365 Richmond Road
 Warrensville Heights, OH
44122
	  	Lease dated January 14, 2000, between Warrensville Heights Properties, Ltd. and BJ’s Wholesale Club, Inc.
			
	123	  	 8811 Brier Creek
 Parkway

Raleigh, NC 27617
	  	Lease dated March 24, 2000 between Brier Creek Commons LP and BJ’s Wholesale Club, Inc.
			
	124	  	 6944 West 130th Street
 Middleburg Heights,
OH
 44130
	  	Lease dated March 7, 2000 between Southland Stores Co. and BJ’s Wholesale Club, Inc.
			
	125	  	 560 Blanding Boulevard
 Orange Park, FL
32073
	  	Lease dated May 5, 2000, between Blanding Crossings Associates, Ltd. and BJ’s Wholesale Club, Inc.
			
	127	  	 50 Daniel Street
 Farmingdale, NY
11735
	  	Lease dated May 17 2000, between Daniel Land Company, LLC and BJ’s Wholesale Club, Inc.
			
	128	  	 8085 Cooper Creek
 Boulevard

University Park, FL
 34201
	  	Lease dated July 18, 2000 among RB-3 Associates, Randall Benderson 1993-1 Trust, WR-I Associated, Ltd.
and BJ’s Wholesale Club, Inc.

  

  
 Schedule 3.15(2)-9 

					
	 Club #
	  	 Location
	  	 Lease Agreement

	129	  	 1540 W. Boynton Beach
 Blvd.

Boynton Beach, FL
 33436
	  	Lease dated 9/30/2011 between Cole BJ Portfolio I LLC and BJ’s Wholesale Club, Inc.
			
	130	  	 4697 Millenia Plaza Way.
 D112 Orlando, FL
32839
	  	Lease dated October 2, 2000 between Millenia Plaza Associates I LP and BJ’s Wholesale Club, Inc.
			
	131	  	 820 Market Street
 Westminster, MD
21157
	  	Lease dated 9/30/2011 between Cole BJ Portfolio I LLC and BJ’s Wholesale Club, Inc.
			
	132	  	 16520 Ball Park Road
 Bowie, MD
20716
	  	Lease dated November 15, 2000 between Starwood Ceruzzi Bowie LLC and BJ’s Wholesale Club, Inc.
			
	133	  	 4270 W. State Road 46
 Sanford, FL
32771
	  	Lease dated 9/21/12 between Realty Income Corporation and BJ’s Wholesale Club, Inc.
			
	134	  	 7905 Lyles Lane NW
 Concord, NC
28027
	  	Lease dated December 14, 2000 between Concord Mills Residual III LP and BJ’s Wholesale Club, Inc.
			
	135	  	 12190 Lake Underhill
 Road

Orlando, FL 32801
	  	Lease, dated December 15, 2000 between PTC Land Holdings, LLC and BJ’s Wholesale Club, Inc.
			
	136	  	 100 Mill Road
 Freeport, NY 11520
	  	Lease dated 9/30/2011 between Realty Income Corporation and BJ’s Wholesale Club, Inc.
			
	138	  	 339 Gateway Drive
 Brooklyn, NY
11239
	  	Lease dated February 9, 2001 between Gateway Center Properties, LLC and BJ’s Wholesale Club, Inc.
			
	139	  	 7260 Bell Creek Road
 Mechanicsville, VA

23111
	  	Lease dated 9/21/12 between Realty Income Corporation and BJ’s Wholesale Club, Inc.
			
	141	  	 900 Marketplace Blvd.
 Hamilton, NJ
08650
	  	Lease dated 9/30/2011 between National Retail Properties, LP and BJ’s Wholesale Club, Inc.

  
 Schedule 3.15(2)-10 

					
	 Club #
	  	 Location
	  	 Lease Agreement

	142	  	 5183 Transit Road
 Williamsville, NY
14221
	  	Lease dated June 26, 2001 among Benderson 1985-1 Trust and Transit-Eastgate Associates, LLC and BJ’s Wholesale Club, Inc.
			
	143	  	 66-26 Metropolitan Ave.

Middle Village, NY 11379
	  	Lease dated June 1, 2001, between Middle Village Associates LLC and BJ’s Wholesale Club, Inc.
			
	144	  	 1725 Market Place
 Boulevard

Cumming, GA 30041
	  	Lease dated July 31, 2001 between Sembler Family Partnership #22, Ltd. and BJ’s Wholesale Club, Inc.
			
	146	  	 105 Long Drive
 Woodstock, GA 30189
	  	Lease dated August 17, 2001 between Sembler Family Partnership #22, Ltd. and BJ’s Wholesale Club, Inc.
			
	147	  	 331 Newnan Crossing
 Bypass

Newnan, GA 30265
	  	Lease dated September 6, 2001 between Fourth Quarter Properties XXXVI and BJ’s Wholesale Club, Inc.
			
	148	  	 232 Larkin Drive
 Monroe, NY 10019
	  	Lease dated October 10, 2001 between FBG Shop Ctr. LLC and BJ’s Wholesale Club, Inc.
			
	150	  	 1800 Dogwood Drive,
 S.E.

Conyers, GA 30013
	  	Lease dated October 5, 2001 between The Rosen Group, Inc. and BJ’s Wholesale Club, Inc.
			
	151	  	 255 Shenstone Boulevard
 Garner, NC
27529
	  	Lease dated October 25, 2001 between Garner Retail, LLC and BJ’s Wholesale Club, Inc.
			
	152	  	 3585 North Commerce
 Dr.

East Point, GA 30344
	  	Lease dated May 10, 2002 between NAP Camp Creek Marketplace LLC and BJ’s Wholesale Club, Inc.
			
	153	  	 152 Route 73
 Voorhees, NJ 08043
	  	Lease dated July 30, 2002 between Renewal Economic Advisors, LLC and BJ’s Wholesale Club, Inc.
			
	154	  	 1100 W. Osceola
 Parkway

Kissimmee, FL 34741
	  	Lease dated August 8, 2002 between D&J Land Holdings, LLC and BJ’s Wholesale Club, Inc.

  

  
 Schedule 3.15(2)-11 

					
	 Club #
	  	 Location
	  	 Lease Agreement

	156	  	 3849 S. Delsea Drive
 Suite 2500

Vineland, NJ 08360
	  	Lease dated 9/21/12 between Ladder Capital Finance LLC and BJ’s Wholesale Club, Inc.
			
	159	  	 2085 Bay Street
 Taunton, MA 02780
	  	Lease dated April 18, 2003 between Koffler/GID Taunton, LLC and BJ’s Wholesale Club, Inc.
			
	160	  	 3635 Hempstead
 Turnpike

Levittown, NY 11756
	  	Leased dated April 30, 2003 between Nassau Mall Plaza Associates and BJ’s Wholesale Club, Inc.
			
	162	  	 2300 A Rear Oregon
 Ave., Quartermaster

Plaza,
 Philadelphia, PA 19145
	  	Lease dated June 30, 2003 among FC Quartermaster Associates, L.P., F.C. Quartermaster Associates II, L.P. and FC Quartermaster Associates III, L.P. and BJ’s Wholesale Club, Inc.
			
	165	  	 125 Green Acres Road
 Valley Stream, NY
11581
	  	Lease dated January 23, 2004, between Green Acres Mall, LLC and BJ’s Wholesale Club, Inc.
			
	167	  	 200 Easton Road
 Warrington, PA
18976
	  	Lease dated April 5, 2004 between Easton Road Retail, LP. and BJ’s Wholesale Club, Inc.
			
	168	  	 400 Jay Scutti Boulevard
 Rochester, NY
14623
	  	Lease dated August 20, 2004 between K&R Henrietta, LLC and BJ’s Wholesale Club, Inc.
			
	169	  	 1929 Pine Island Road,
 N.E.

Cape Coral, FL 33909
	  	Lease dated September 1, 2004 between NAP Pine Island LLC and BJ’s Wholesale Club, Inc.
			
	170	  	 650 SE 8th Street
 Homestead, FL
33034
	  	Lease dated December 7, 2004 between HWC Associates, LLC and BJ’s Wholesale Club, Inc.
			
	171	  	 8046 Phillips Highway
 Jacksonville, FL
32256
	  	Lease dated January 13, 2005 between Property Management Support, Inc. and BJ’s Wholesale Club, Inc.

  

  
 Schedule 3.15(2)-12 

					
	 Club #
	  	 Location
	  	 Lease Agreement

	172	  	 1007 Highway Route 9N
 Old Bridge, NJ
08859
	  	Lease dated August 29, 1998 between Old Bridge Associates and BJ’s Wholesale Club, Inc. (as assignee of The Home Depot, Inc.)
			
	173	  	 1046 North Colony Road,
 Wallingford, CT
06492
	  	Lease dated March 24, 2005 between L&L Wallingford, LLC and BJ’s Wholesale Club, Inc.
			
	174	  	 17250 NW 57th Avenue
 Hialeah, FL
33015
	  	Lease dated May 13, 2005 between GKK-Red Road, LTD and BJ’s Wholesale Club, Inc.
			
	175	  	 5 Ward Street
 Revere, MA 02151
	  	Ground lease dated November 10, 2006 between OMLC LLC and BJ’s Wholesale Club, Inc.
			
	176	  	 610 Exterior Street
 Bronx , NY
10451
	  	Lease dated June 26, 2006 between BTM Development Partners, LLC and BJ’s Wholesale Club, Inc.
			
	177	  	 6301 Triangle Plantation
 Drive

Raleigh, NC 27616
	  	Lease dated May 26, 2005 between Plantation Point Development, LLC and BJ’s Wholesale Club, Inc.
			
	178	  	 100 Pencader Plaza
 Newark, DE 19713
	  	Lease dated June 16, 2005 between Shopping Center Investment, LLC and BJ’s Wholesale Club, Inc.
			
	179	  	 16200 SW 88th Street
 Miami, FL
33196
	  	Lease dated February 24, 2005 between WKC Associates, LLC and BJ’s Wholesale Club, Inc.
			
	180	  	 5820 E. Virginia Beach
 Blvd.

Norfolk, VA 23502
	  	Sublease dated October 3, 2005 between HBR Properties Norfolk, LLC and BJ’s Wholesale Club, Inc.
			
	181	  	 5100 NW 9th Avenue
 Ft. Lauderdale, FL
33309
	  	Lease dated October 4, 2005 between The Rosen Group, Inc. and BJ’s Wholesale Club, Inc.
			
	183	  	 6290 Commerce Palms
 Blvd. New Tampa, FL

33647
	  	Lease dated November 23, 2005 between Tampa Palms Shopping Plaza, LLC and BJ’s Wholesale Club, Inc.

  

  
 Schedule 3.15(2)-13 

					
	 Club #
	  	 Location
	  	 Lease Agreement

	184	  	 1046 Tolland Turnpike
 Manchester, CT
06042
	  	Lease dated December 5, 2005 between Hayes-Kaufman Partnership and BJ’s Wholesale Club, Inc.
			
	185	  	 300 Bellwood Drive
 Greece, NY 14606
	  	Lease dated April 12, 2006 between 390 Canal Ponds, LLC and BJ’s Wholesale Club, Inc.
			
	186	  	 2000 Power Plant
 Parkway Hampton, VA

23666
	  	Lease dated March 24, 2006 between Hampton Roads Associates, LLC and BJ’s Wholesale Club, Inc.
			
	188	  	 7651 W. Waters Avenue
 Tampa, FL
33615
	  	Lease dated May 9, 2006 between Waters Ventures, Ltd. and BJ’s Wholesale Club, Inc.
			
	189	  	 25 Shelley Road
 Haverhill, MA 01835
	  	Lease dated May 16, 2006 between Coastal Partners, LLC and BJ’s Wholesale Club, Inc.
			
	190	  	 2100 88th Street
 North Bergen, NJ 07047-

4721
	  	Lease dated June 21, 2006 between Vornado North Bergen Tonelle Plaza, LLC and BJ’s Wholesale Club, Inc.
			
	191	  	 9372 Ben C Pratt Six
 Mile Cypress
Parkway
 Fort Myers, FL 33966
	  	Lease dated June 26, 2006 between Walden Avenue Blend – All Hotel Development, Inc. and BJ’s Wholesale Club, Inc.
			
	192	  	 321 Martin Truex Jr.
 Boulevard

Manahawkin, NJ 08050
	  	Ground lease dated October 20, 2006 between SP 72 Limited Liability Company and BJ’s Wholesale Club, Inc.
			
	193	  	 955 Ferry Boulevard
 Stratford, CT
06614
	  	Lease dated February 7, 2007 between UB Dockside, LLC and BJ’s Wholesale Club, Inc.
			
	195	  	 1752 Shore Parkway
 Brooklyn, NY
11214
	  	Lease dated August 10, 2007 between Thor Shore Parkway Developers, LLC and BJ’s Wholesale Club, Inc.
			
	197	  	 26676 Centerview Drive
 Millsboro, DE
19966
	  	Lease dated January 14, 2008 between Millsboro Towne Center, LLC and BJ’s Wholesale Club, Inc.

  

  
 Schedule 3.15(2)-14 

					
	 Club #
	  	 Location
	  	 Lease Agreement

	200	  	 200-C Mill Road

Oaks, PA 19456
	  	Lease dated August 22, 2008 between 422MP5 LLC and BJ’s Wholesale Club, Inc.
			
	201	  	 820-828 Pelham Parkway

Pelham Manor, NY
 10803
	  	Sublease dated September 12, 2008 between P/A-Acadia Pelham Manor, LLC and BJ’s Wholesale Club, Inc.
			
	203	  	 75 Spring Street
 Southington, CT
06489
	  	Lease dated October 27, 2008 between Twinco Corp. and BJ’s Wholesale Club, Inc.
			
	204	  	 8719 Avenue D
 Brooklyn (Canarsie), NY

11236
	  	Lease dated March 12, 2009 between Canarsie Plaza LLC and BJ’s Wholesale Club, Inc.
			
	205	  	 66 Seyon Street
 Waltham, MA 02453
	  	Lease dated April 14, 2009 between 20 Seyon Street LLC and BJ’s Wholesale Club, Inc.
			
	206	  	 131-07 40th Road - Suite

A100
 Flushing, NY 11354
	  	Amended and Restated Lease, dated March 27, 2009 between Flushing Town Center III, L.P. and BJ’s Wholesale Club, Inc.
			
	207	  	 1781 Ritchie Station
 Court (Landover)

Capitol Heights, MD
 20743
	  	Lease dated February 23, 2009 between Ritchie Hill, LLC and BJ’s Wholesale Club, Inc.
			
	208	  	 200 Stonehill Drive
 Johnston, RI
02919
	  	Lease dated June 24, 2009 between Stonehill Marketplace, LLC and BJ’s Wholesale Club, Inc.
			
	209	  	 One Highland Commons
 West

Hudson, MA 01749
	  	Lease dated January 7, 2010 between Highland Commons Assoc., LLC and BJ’s Wholesale Club, Inc.
			
	210	  	 2451 U.S. Highway 1
 South

North Brunswick, NJ
 08902
	  	Lease dated March 29, 2010 between Commerce Center NBI, LLC and BJ’s Wholesale Club, Inc.
			
	211	  	 6102 Shops Way
 Northborough, MA

01532
	  	Lease dated May 24, 2010 between Brendon Properties Two, LLC and BJ’s Wholesale Club, Inc.

  

  
 Schedule 3.15(2)-15 

					
	 Club #
	  	 Location
	  	 Lease Agreement

	212	  	711 Stewart Ave.
Garden City, NY 11530	  	Lease dated October 26, 2010 between AG – Metropolitan, 711 Stewart Avenue, L.L.C. and BJ’s Wholesale Club, Inc.
			
	213	  	3056 Sheridan Dr.
Amherst, NY 14226	  	Lease dated February 1, 2011 between Amherst II VF LLC and BJ’s Wholesale Club, Inc.
			
	214	  	106 Federal Rd.
Brookfield, CT 06804	  	Lease dated April 15, 2011 between S & A Brookfield, LLC and BJ’s Wholesale Club, Inc.
			
	215	  	5200 Red Tip Rd.
Fayetteville, NC 28314	  	Ground lease dated November 20, 2011 between Carolyn R. Armstrong and George H. Armstrong and BJ’s Wholesale Club, Inc.
			
	216	  	175 Highland Ave.
Seekonk, MA 02771	  	Lease dated January 24, 2011 between Seekonk Shopping Center Equities LLC and BJ’s Wholesale Club, Inc.
			
	218	  	Main Avenue
Norwalk, CT	  	Lease dated January 9, 2013 between 272-280 Main Ave, LLC and BJ’s Wholesale Club, Inc.
			
	301	  	6100 St. Lawrence Center
Massena, NY 13662	  	Lease dated July 7, 1994 between St. Lawrence Plaza Associates and Waban Inc.
			
	302	  	1899 Cinema Drive
Olean, NY 14760	  	Lease dated August 30, 1994 between RB-3 Associates and Stephen B. Goodman and Waban Inc.
			
	306	  	173 East Main Road
Middletown, RI 02842	  	Lease dated May 13, 1998 between L&J, LLC and BJ’s Wholesale Club, Inc.
			
	307	  	42 Colrain Road
Greenfield, MA 01301	  	Lease dated 9/30/2011 between Cole BJ Portfolio I LLC and BJ’s Wholesale Club, Inc.
			
	309	  	119 Laconia Road
Tilton, NH 03276	  	Lease dated May 9, 2014 between LBW Tilton LLC and BJ’s Wholesale Club, Inc.

  
 Schedule 3.15(2)-16 

					
	 Club #
	  	 Location
	  	 Lease Agreement

	310	  	110 Mount Auburn Avenue
Auburn, ME 04210	  	Lease dated 9/30/2011 between Cole BJ Portfolio I LLC and BJ’s Wholesale Club, Inc.
			
	311	  	8330 Lewiston Road
Batavia, NY 14020	  	Lease dated February 10, 1995 between Nathan Benderson, Ronald Benderson and David H. Baldauf, as Trustees under a Trust Agreement dated September 22, 1993 known as Randall Benderson
1993-1 Trust and Waban Inc.
			
	312	  	607 Old Country Road
Riverhead, NY 11901	  	Ground lease dated May 1, 1995 between Wilbur F. Breslin, KCH Riverhead, Inc., Three Eighty Fulton St. Inc. and Richard T. Carr, as
tenants-in-common d/b/a East End Commons Associates and Waban Inc.
			
	313	  	3635 Berryfields Road
Geneva, NY 14456	  	Lease dated December 29, 1994 between Geneva Investors LLC and Waban Inc.
			
	314	  	11 Plaza Drive
Auburn, NY 13021	  	Lease dated 9/21/12 between Ladder Capital Finance LLC and BJ’s Wholesale Club, Inc.
			
	315	  	1280 East Main Street
Torrington, CT 06790	  	Lease dated November 25, 1998 between Torrington Commercial Associates Limited Partnership and Tory, LLC and BJ’s Wholesale Club, Inc.
			
	316	  	1589 West Main Street
Willimantic, CT 06226	  	Lease dated December 11, 1998 between Willimantic Realty Associates and BJ’s Wholesale Club, Inc.
			
	317	  	44950 Worth Lane
California, MD 20619	  	Lease dated 9/30/2011 between Cole BJ Portfolio I LLC and BJ’s Wholesale Club, Inc.
			
	318	  	20 Division Street
Derby, CT 06418	  	Lease dated 9/21/12 between Realty Income Corporation and BJ’s Wholesale Club, Inc.

  
 Schedule 3.15(2)-17 

					
	 Club #
	  	 Location
	  	 Lease Agreement

			
	319	  	250 Pocono Commons
Stroudsburg, PA 18360	  	Lease dated 9/21/12 between Realty Income Corporation and BJ’s Wholesale Club, Inc.
			
	320	  	262 Plainfield Road
West Lebanon, NH 03784	  	Lease dated September 8, 2000 between Solidus, LLC and BJ’s Wholesale Club, Inc.
			
	321	  	420 Attucks Lane
Hyannis, MA 02601	  	Lease dated April 2, 2004 between First Hyannis Realty LLC and BJ’s Wholesale Club, Inc.
			
	322	  	28410 Marlboro Avenue
Easton, MD 21601	  	Lease dated April 20, 2015 between REMCO Properties, LLC and BJ’ Wholesale Club, Inc.
			
	350	  	616 NW End Blvd.
Quakertown, PA 18951	  	Lease dated February 10, 2009 between RB Quakertown LP and BJ’s Wholesale Club, Inc.
			
	351	  	6607 Wilson Boulevard
Falls Church, VA 22044	  	Ground lease, dated December 23, 2008 between 6607 Wilson Retail, LLC and BJ’s Wholesale Club, Inc.
			
	352	  	40 Graham Road West
Ithaca, NY 14850	  	Lease dated May 13, 2009 between Arrowhead Ventures LLC and BJ’s Wholesale Club, Inc.
			
	353	  	200 Crown Colony Drive
Quincy, MA 02169	  	Lease dated April 22, 2008 between QBJ Land Development, LLC and BJ’s Wholesale Club, Inc.
			
	354	  	2131 Kirkwood Highway
Wilmington (Elsmere),
DE 19805	  	Lease dated September 30, 2009 between Kimco Realty Corporation and BJ’s Wholesale Club, Inc.
			
	355	  	495 Hubbard Avenue
Pittsfield, MA 01201	  	Lease dated July 12, 2010 between Pittsfield-Hubbard, LLC and BJ’s Wholesale Club, Inc.
			
	357	  	1433 Boone Station Road
Burlington, NC 27215	  	Lease dated August 2, 2010 between Alamance Crossing II, LLC and BJ’s Wholesale Club, Inc.

  
 Schedule 3.15(2)-18 

					
	 Club #
	  	 Location
	  	 Lease Agreement

	359	  	1900 The Arches Circle
Deer Park, NY 11729	  	Lease dated March 11, 2011 between Deer Park Enterprise, LLC and BJ’s Wholesale Club, Inc.
			
	360	  	5100 Wellington Road
Gainesville, VA 20155	  	Lease dated May 10, 2011 between Virginia Gateway Associates LP and BJ’s Wholesale Club, Inc.
			
	361	  	1800 Dunlawton Ave
Port Orange, FL 32127	  	Lease dated August 12, 2011 between Four Lanes, LLC and BJ’s Wholesale Club, Inc.
			
	363	  	184 West 237th Street
Bronx, NY 10463	  	Lease dated April 29, 2011 between AG-Metropolitan Riverdale Crossing, LLC and BJ’s Wholesale Club, Inc.
			
	365	  	620 Riverside Drive
Coral Springs, FL 33071	  	Lease dated February 25, 2013 between Woolbright Coral Springs II LLC and BJ’s Wholesale Club, Inc.
			
	366	  	790 Sunrise Highway
South Service Road
Bellport, NY 11713	  	Lease dated December 3, 2010 between Yaphank Enterprise, LLC and BJ’s Wholesale Club, Inc.
			
	367	  	West Gables Plaza
SW 24th Street (Coral Way)
Coral Terrace, FL 33165	  	Lease dated July 15, 2013 between Pan American Coral Terrace, Ltd. and BJ’s Wholesale Club, Inc.
			
	368	  	540 Gateway Ave
North Chambersburg Center
Chambersburg, PA 17201	  	Lease dated September 11, 2013 between North Chambersburg Center LLC and BJ’s Wholesale Club, Inc.
			
	369	  	640 Cowpath Road
Lansdale, PA 19446	  	Lease dated September 11, 2013 between Somerville Montgomery Limited Partnership and BJ’s Wholesale Club, Inc.
			
	370	  	180 Passaic Avenue
Kearny, NJ 07032	  	Lease dated January 16, 2014 between DVL Kearny Holdings LLC and BJ’s Wholesale Club, Inc.

  

  
 Schedule 3.15(2)-19 

					
	 Club #
	  	 Location
	  	 Lease Agreement

	371	  	The Grove at Howell
NJ State Route 9 and
Lane’s Mill Road
Howell Township, NJ 07731	  	Lease dated January 16, 2014 between AA Cardin: LLC, AA Martel Howell, LLC, AA Towers, LLC, Howell Partners, LLC, ZS Investor NJ, LLC and ZS Mill, LLC as tenants in common and BJ’s Wholesale Club, Inc.
			
	372	  	Union Avenue (NYS Route 300)
Newburgh, NY 12550	  	Lease dated April 16, 2014 between Marketplace at Newburgh LLC and BJ’s Wholesale Club, Inc.
			
	373	  	Morrow Street, Forest Avenue and
Wemple Street
(accessible from Dwarf
Street and South Avenue),
Staten Island, NY	  	Lease dated July 26, 2011 between JOSIF A, LLC and BJ’s Wholesale Club, Inc.
			
	374	  	110 Longview Drive
Bangor, ME 04401	  	Lease dated December 3, 2014 between Longview Plaza, LLC and BJ’s Wholesale Club, Inc.
			
	375	  	Midtown Crossing Retail
Condominium — Unit One
900 Metropolitan Avenue
Charlotte, NC 28204	  	Lease dated January 9, 2015 between Metropolitan Avenue Development LLC and BJ’s Wholesale Club, Inc.
			
	377	  	4701 O’Donnell Street
Baltimore, MD 21224	  	Lease dated January 7, 2015 between 4701 O’Donnell Street, LLC and BJ’s Wholesale Club, Inc.
			
	378	  	SWCI-76 and Highway17
Alternate,
Summerville, SC 29483	  	Lease dated February 18, 2015 between Summerville Investment Partners, LLC and BJ’s Wholesale Club, Inc.
			
	379	  	Intersection of Tremont
and Whittier Streets,
Boston, MA 02116	  	Lease dated March 30, 2016 between P-3 Partners, LLC and BJ’s Wholesale Club, Inc.
			
	380	  	Hanover Avenue, Cedar
Knolls, NJ 07927	  	Lease dated October 31, 2016 between RJ PARENT INVESTORS LLC and BJ’s Wholesale Club, Inc.
			
	800	  	869 Quaker Highway
Uxbridge, MA 01569	  	Lease dated 9/30/2011 between Cole BJ Portfolio I LLC and BJ’s Wholesale Club, Inc.

  
 Schedule 3.15(2)-20 

					
	 Club #
	  	 Location
	  	 Lease Agreement

	820	  	309 Dulty’s Lane
Burlington, NJ 08016	  	Lease dated 7/30/13 between Cole BJ Portfolio I LLC and BJ’s Wholesale Club, Inc.
			
	840	  	4500 Directors Road
Jacksonville, FL 32220	  	Lease dated 9/30/2011 between Cole BJ Portfolio I LLC and BJ’s Wholesale Club, Inc.
			
	Home Office	  	25 Research Drive
Westborough, MA	  	Lease dated February 8, 2010 between Metrowest Realty LLC and BJ’s Wholesale Club, Inc.

  
 Schedule 3.15(2)-21 

 Schedule 3.15(3) 

Mortgaged Real Property 
  

							
	 Club #
	  	 Owner
	  	 Address/City/State/Zip Code
	  	 County

				
	31	  	Natick Realty, Inc.	  	40 Black Rock Turnpike
Fairfield, CT 06825-5507	  	Fairfield
				
	52	  	Natick Realty, Inc.	  	Court at Oxford Valley
350 Commerce Blvd.
Fairless Hills, PA 19030	  	Bucks
				
	57	  	Natick Realty, Inc.	  	550 Madison Avenue
Reading, PA 19605	  	Berks
				
	61	  	Natick Fifth Realty Corp.	  	55 Music Fair Road
Owings Mills, MD 21117	  	Baltimore
				
	67	  	Natick NJ 1993 Realty Corp.	  	1001 East Edgar Road
Linden, NJ 07036	  	Union
				
	149	  	Natick NH Hooksett Realty Corp.	  	400 Quality Drive
Hooksett, NH 03106	  	Merrimack
				
	308	  	Natick NJ Flemington Realty Corp.	  	186 Highway 31
Flemington, NJ 08822	  	Hunterdon

 Schedule 3.18 

Insurance 
  

					
	 Insurer
	 	 Policy Name
	 	 Policy Number

	 Safety National Casualty Corporation
	 	Excess Workers’ Compensation (AOS)	 	SP4055534
			
	 Safety National Casualty Corporation
	 	Excess Workers’ Compensation (FL)	 	SP4055535
			
	 Arch Insurance Company
	 	General Liability	 	11GPP4961006
			
	 Arch Insurance Company
	 	Automobile Liability (AOS)	 	11CAB4961108
			
	 Arch Insurance Company
	 	Automobile Liability (MA)	 	11CAB4961208
			
	 ACE Property & Casualty Insurance Company
	 	Lead Umbrella	 	G28144453001
			
	 The American Insurance Company
	 	Excess Liability (50M xs 25M)	 	MHX00015240914
			
	 Federal Insurance Company
	 	Excess Liability (25M xs 75M)	 	79733285
			
	 ACE Property & Casualty Insurance Company
	 	Pollution Legal Liability	 	PPIG23882115 002
			
	 AIG - Lexington Insurance Comp ( 50% share )
	 	Property - Primary 50% of $25M	 	21565732
			
	 Starr Surplus Lines ( 15 % of primary )
	 		 	SLSTPTY10810516
			
	 Chubb Custom Ins Comp ( 15% of primary)
	 		 	44734378-01
			
	 Gen Security Ind Comp of Arizona (GSINDA) 15% of primary
	 		 	T0234451602487
			
	 Starr Surplus Lines Ins Comp ( 5% of primary)
	 		 	SLSTPTY10810516
			
	 Zurich
	 	[Property - Excess - $50M xs $25M]	 	XPP4020208-02

 Schedule 3.20 

Intellectual Property 
 None. 

 Schedule 5.13 

Post-Closing Matters 
 1.
Not later than ninety (90) days after the Closing Date (or such longer period as the Administrative Agent may agree in its sole discretion), each Restricted Subsidiary that is not a Loan Party and is required to deliver a Mortgage under
Section 5.10(6) of the Credit Agreement shall deliver to the Administrative Agent, concurrently with the execution and delivery of a Mortgage, a Limited Recourse Guaranty. 

2. Not later than sixty (60) days after the Closing Date (or such longer period as the Administrative Agent may agree in its sole
discretion), the Borrower shall deliver deposit account control agreements or amendments to, or amendments and restatements of, the existing deposit account control agreements, in each case, in form and substance reasonably satisfactory to the
Administrative Agent, with respect to any deposit account required to be subject to a control agreement pursuant to Section 3.03(i) of the Security Agreement. 

 Schedule 6.01 

Indebtedness 
  

	1.	 $200,000,000 revolving facility note by BJ’s Wholesale Club, Inc. in favor of BJME Operating Corp. (as
successor in interest to BJ’s Northeast Business Trust). 

  

	2.	 Indebtedness related to a capital lease, dated May 24, 2010, by and among BJ’s Wholesale Club, Inc.,
as Tenant, and Equity One JV Sub Northborough LLC, as Landlord, for certain land and buildings located in Northborough, Massachusetts, in the principal amount of $8,077,688 and with an expiration date of September 17, 2031.

  

	3.	 Indebtedness related to a capital lease, dated January 23, 2004, by and among BJ’s Wholesale Club,
Inc., as Tenant, and Valley Stream Green Acres LLC, as Landlord, for certain land and buildings located in Valley Stream, New York, in the principal amount of $9,849,095 and with an expiration date of January 31, 2027. 

 

	4.	 Indebtedness related to a financing obligation for a lease dated March 29, 2010, by and among BJ’s
Wholesale Club Inc., as Tenant, and Commerce Center NBI LLC, as Landlord, for certain land and buildings located in North Brunswick, New Jersey, in the principal amount of $6,519,897 and with an expiration date of April 13, 2033.

  

	5.	 Indebtedness related to a financing obligation for a lease dated March 11, 2011, by and among BJ’s
Wholesale Club Inc., as Tenant, and Tanger Outlets Deer Park LLC, as Landlord, for certain land and buildings located in Deer Park, New York, in the principal amount of $6,039,184 and with an expiration date of January 28, 2032.

  

	6.	 Indebtedness related to a financing obligation for a lease dated May 10, 2011, by and among BJ’s
Wholesale Club Inc., as Tenant, and DC MSA Retail DST c/o Inland Commercial Property Management Inc., as Landlord, for certain land and buildings located in Gainesville, Virginia, in the principal amount of $5,839,639 and with an expiration date of
January 28, 2032. 

  

	7.	 Indebtedness related to lease obligations of $4,646,087 for a closed store in Powder Springs, Georgia. Lease
dated October 31, 2002 by and among BJ’s Wholesale Club Inc., as Tenant, and Austell 1031 DST c/o Inland Real Estate Acquisitions, Inc., as Landlord, with an expiration date of August 31, 2023. 

 

	8.	 Indebtedness related to lease obligations of $3,239,192 for a closed store in Norcross, Georgia. Lease dated
June 30, 2003 by and among BJ’s Wholesale Club Inc., as Tenant, and BJ’s Norcross Portfolio, LP., as Landlord, with an expiration date of September 5, 2024. 

 Schedule 6.02 

Liens 
  

											
	 Borrower /
Restricted
Subsidiary
	  	 Filing
Type
	  	 Secured Party
Name
	  	 Jurisdiction
	  	 UCC-1
Filing
Information
	  	 Collateral

						
	 BJ’s
 Wholesale Club, Inc.
	  	UCC	  	Hallmark Marketing Company, LLC	  	Delaware	  	 Initial Filing Date: 8/12/2009
 Initial Filing
#: 2009 2594965
	  	Inventory – greeting cards, stationary, party goods and related Hallmark products
						
	 BJ’s
 Wholesale Club, Inc.
	  	UCC	  	 Hudson-RPM Distributors, LLC

 
 TNG GP
	  	Delaware	  	 Initial Filing Date: 7/26/2016
 Initial Filing
#: 2016 4511976
	  	Inventory and equipment – magazines, comic books and other publications; purchase money security interest
						
	 BJ’s
 Wholesale Club, Inc.
	  	UCC Fixture	  	SOLARCITY CORPORATION	  	Middlesex County (Southern District), MA	  	 Initial Filing Date: 1/7/2016
 Initial Filing #:
2016 00003169
Bk: 6640
Pg: 396
	  	Equipment / Fixtures – energy generation systems and associated components provided by SolarCity Corporation
						
	 BJ’s
 Wholesale Club, Inc.
	  	UCC Fixture	  	SOLARCITY CORPORATION	  	Worcester County (South/Central District), MA	  	 Initial Filing Date: 9/26/2014
 Initial Filing
#: 2014 00089949
Bk: 52845
Pg: 108
	  	Equipment/ Fixtures – energy generation systems and associated components provided by SolarCity Corporation

 Schedule 6.04 

Investments 
  

	1.	 All Equity Interests as set forth on Schedule 3.06. 

 Schedule 6.07 

Transactions with Affiliates 
 BJ’s
Wholesale Club, Inc., pays an aggregate of $8,000,000 in annual management fees to its non-management stockholders.     

 Schedule 10.01 

Notice Information 
 Holdings, the Borrower
or any Loan Party: 
 [c/o] BJ’s Wholesale Club, Inc. 
 25
Research Drive 
 Westborough, MA 01581 
 Attention: Robert W.
Eddy / Chief Financial Officer 
 Telephone: 774-512-5950 

Telecopier: 774-512-6056 

Email: rweddy@bjs.com 
 Website: www.bjs.com 

With a copy (which will not constitute notice) to: 

Latham & Watkins LLP 
 885 Third Avenue, Suite 1000 

New York, NY 10022-4834 
 Attention: Joshua A. Tinkelman 

Telephone: (212) 906-1810 

Telecopier: (212) 751-4864 

Email: joshua.tinkelman@lw.com 

 Administrative Agent or Collateral Agent: 

Nomura Corporate Funding Americas, LLC 
 309 W. 49th
Street     
 New York, NY 10019 

Attention: BJ’s Wholesale Club, Inc. 
 Telecopier: (646) 587-1328 
 Email: usloansupport@us.nomura.com 

With a copy to: 
 Cortland Capital Market Services LLC 

NomuraAgency@cortlandglobal.com

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