Document:

EX-4.1

 Exhibit 4.1 
  

 
 CARMIKE CINEMAS, INC. 

AND EACH OF THE GUARANTORS PARTY HERETO 

6.00% SENIOR SECURED NOTES DUE 2023 
  

 
 INDENTURE 

Dated as of June 17, 2015 
  

 
 Wells Fargo
Bank, National Association 
 Trustee 
  

 
  

 

 CROSS-REFERENCE TABLE* 
  

			
	Trust Indenture Act Section	  	Indenture Section
	310(a)(1)	  	7.10
	      (a)(2)	  	7.10
	      (a)(3)	  	N.A.
	      (a)(4)	  	N.A.
	      (a)(5)	  	7.10
	      (b)	  	7.10
	      (c)	  	N.A.
	311(a)	  	7.11
	      (b)	  	7.11
	      (c)	  	N.A.
	312(a)	  	2.05
	      (b)	  	13.03
	      (c)	  	13.03
	313(a)	  	7.06
	      (b)(1)	  	10.03
	      (b)(2)	  	7.06; 7.07
	      (c)	  	7.06; 13.02
	      (d)	  	7.06
	314(a)	  	4.03; 13.05
	      (b)	  	N.A.
	      (c)(1)	  	13.04
	      (c)(2)	  	13.04
	      (c)(3)	  	N.A.
	      (d)	  	10.03; 10.04; 10.05
	      (e)	  	13.05
	      (f)	  	N.A.
	315(a)	  	7.01
	      (b)	  	7.05; 13.02
	      (c)	  	7.01
	      (d)	  	7.01
	      (e)	  	6.11
	316(a) (last sentence)	  	2.09
	      (a)(1)(A)	  	6.05
	      (a)(1)(B)	  	6.04
	      (a)(2)	  	N.A.
	      (b)	  	6.07
	      (c)	  	2.12
	317(a)(1)	  	6.08
	      (a)(2)	  	6.09
	      (b)	  	2.04
	318(a)	  	N.A.
	      (b)	  	N.A.
	      (c)	  	13.01

 N.A. means not applicable. 
  

	*	This Cross Reference Table is not part of the Indenture. 

 TABLE OF CONTENTS 
  

									
	 	 	 	    	 	  	Page	 
		
		 	 ARTICLE 1

DEFINITIONS AND INCORPORATION

BY REFERENCE
	   

  

  

				
		 	Section 1.01	    	 Definitions.
	  	 	1	  
		 	Section 1.02	    	 Other Definitions.
	  	 	32	  
		 	Section 1.03	    	 Incorporation by Reference of Trust Indenture Act.
	  	 	33	  
		 	Section 1.04	    	 Rules of Construction.
	  	 	33	  
		
		 	ARTICLE 2	  
		 	THE NOTES	  
				
		 	Section 2.01	    	 Form and Dating.
	  	 	33	  
		 	Section 2.02	    	 Execution and Authentication.
	  	 	34	  
		 	Section 2.03	    	 Registrar and Paying Agent.
	  	 	35	  
		 	Section 2.04	    	 Paying Agent to Hold Money in Trust.
	  	 	35	  
		 	Section 2.05	    	 Holder Lists.
	  	 	35	  
		 	Section 2.06	    	 Transfer and Exchange.
	  	 	35	  
		 	Section 2.07	    	 Replacement Notes.
	  	 	46	  
		 	Section 2.08	    	 Outstanding Notes.
	  	 	46	  
		 	Section 2.09	    	 Treasury Notes.
	  	 	46	  
		 	Section 2.10	    	 Temporary Notes.
	  	 	46	  
		 	Section 2.11	    	 Cancellation.
	  	 	47	  
		 	Section 2.12	    	 Defaulted Interest.
	  	 	47	  
		 	Section 2.13	    	 Issuance of Additional Notes.
	  	 	47	  
		 	Section 2.14	    	 Record Date.
	  	 	48	  
		
		 	ARTICLE 3	  
		 	REDEMPTION AND PREPAYMENT	  
				
		 	Section 3.01	    	 Notices to Trustee.
	  	 	48	  
		 	Section 3.02	    	 Selection of Notes to Be Redeemed or Purchased.
	  	 	48	  
		 	Section 3.03	    	 Notice of Redemption.
	  	 	48	  
		 	Section 3.04	    	 Effect of Notice of Redemption.
	  	 	49	  
		 	Section 3.05	    	 Deposit of Redemption or Purchase Price.
	  	 	49	  
		 	Section 3.06	    	 Notes Redeemed or Purchased in Part.
	  	 	50	  
		 	Section 3.07	    	 Optional Redemption.
	  	 	50	  
		 	Section 3.08	    	 Mandatory Redemption.
	  	 	51	  
		 	Section 3.09	    	 Offer to Purchase by Application of Excess Proceeds.
	  	 	51	  
		
		 	ARTICLE 4	  
		 	COVENANTS	  
				
		 	Section 4.01	    	 Payment of Notes.
	  	 	53	  
		 	Section 4.02	    	 Maintenance of Office or Agency.
	  	 	53	  
		 	Section 4.03	    	 Reports.
	  	 	54	  
		 	Section 4.04	    	 Compliance Certificate.
	  	 	55	  
		 	Section 4.05	    	 Taxes.
	  	 	55	  
		 	Section 4.06	    	 Stay, Extension and Usury Laws.
	  	 	55	  
		 	Section 4.07	    	 Restricted Payments.
	  	 	56	  
		 	Section 4.08	    	 Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries.
	  	 	59	  

									
	 	 	 	    	 	  	Page	 
				
		 	Section 4.09	    	 Incurrence of Indebtedness and Issuance of Preferred Stock.
	  	 	61	  
		 	Section 4.10	    	 Asset Sales.
	  	 	65	  
		 	Section 4.11	    	 Transactions with Affiliates.
	  	 	67	  
		 	Section 4.12	    	 Liens.
	  	 	68	  
		 	Section 4.13	    	 Business Activities.
	  	 	69	  
		 	Section 4.14	    	 Corporate Existence.
	  	 	69	  
		 	Section 4.15	    	 Offer to Repurchase Upon Change of Control.
	  	 	69	  
		 	Section 4.16	    	 Limitation on Sale and Leaseback Transactions.
	  	 	71	  
		 	Section 4.17	    	 Payments for Consent.
	  	 	71	  
		 	Section 4.18	    	 Additional Note Guarantees.
	  	 	71	  
		 	Section 4.19	    	 Designation of Restricted and Unrestricted Subsidiaries.
	  	 	72	  
		
		 	ARTICLE 5	  
		 	SUCCESSORS	  
				
		 	Section 5.01	    	 Merger, Consolidation or Sale of Assets.
	  	 	72	  
		 	Section 5.02	    	 Successor Corporation Substituted.
	  	 	73	  
		
		 	ARTICLE 6	  
		 	DEFAULTS AND REMEDIES	  
				
		 	Section 6.01	    	 Events of Default.
	  	 	74	  
		 	Section 6.02	    	 Acceleration.
	  	 	76	  
		 	Section 6.03	    	 Other Remedies.
	  	 	76	  
		 	Section 6.04	    	 Waiver of Past Defaults.
	  	 	76	  
		 	Section 6.05	    	 Control by Majority.
	  	 	77	  
		 	Section 6.06	    	 Limitation on Suits.
	  	 	77	  
		 	Section 6.07	    	 Rights of Holders of Notes to Receive Payment.
	  	 	77	  
		 	Section 6.08	    	 Collection Suit by Trustee.
	  	 	77	  
		 	Section 6.09	    	 Trustee May File Proofs of Claim.
	  	 	78	  
		 	Section 6.10	    	 Priorities.
	  	 	78	  
		 	Section 6.11	    	 Undertaking for Costs.
	  	 	78	  
		
		 	ARTICLE 7	  
		 	TRUSTEE	  
				
		 	Section 7.01	    	 Duties of Trustee.
	  	 	79	  
		 	Section 7.02	    	 Rights of Trustee.
	  	 	80	  
		 	Section 7.03	    	 Individual Rights of Trustee.
	  	 	80	  
		 	Section 7.04	    	 Trustee’s Disclaimer.
	  	 	81	  
		 	Section 7.05	    	 Notice of Defaults.
	  	 	81	  
		 	Section 7.06	    	 Reports by Trustee to Holders of the Notes.
	  	 	81	  
		 	Section 7.07	    	 Compensation and Indemnity.
	  	 	81	  
		 	Section 7.08	    	 Replacement of Trustee.
	  	 	82	  
		 	Section 7.09	    	 Successor Trustee by Merger, etc.
	  	 	83	  
		 	Section 7.10	    	 Eligibility; Disqualification.
	  	 	83	  
		 	Section 7.11	    	 Preferential Collection of Claims Against Company.
	  	 	83	  
		
		 	ARTICLE 8	  
		 	LEGAL DEFEASANCE AND COVENANT DEFEASANCE	  
				
		 	Section 8.01	    	 Option to Effect Legal Defeasance or Covenant Defeasance.
	  	 	83	  
		 	Section 8.02	    	 Legal Defeasance and Discharge.
	  	 	84	  
		 	Section 8.03	    	 Covenant Defeasance.
	  	 	84	  
		 	Section 8.04	    	 Conditions to Legal or Covenant Defeasance.
	  	 	85	  

  
 ii 

									
	 	 	 	    	 	  	Page	 
				
		 	Section 8.05	    	 Deposited Money and Government Securities to be Held in Trust; Other Miscellaneous Provisions.
	  	 	86	  
		 	Section 8.06	    	 Repayment to Company.
	  	 	86	  
		 	Section 8.07	    	 Reinstatement.
	  	 	86	  
		
		 	ARTICLE 9	  
		 	AMENDMENT, SUPPLEMENT AND WAIVER	  
				
		 	Section 9.01	    	 Without Consent of Holders of Notes.
	  	 	87	  
		 	Section 9.02	    	 With Consent of Holders of Notes.
	  	 	88	  
		 	Section 9.03	    	 Compliance with Trust Indenture Act.
	  	 	89	  
		 	Section 9.04	    	 Revocation and Effect of Consents.
	  	 	89	  
		 	Section 9.05	    	 Notation on or Exchange of Notes.
	  	 	90	  
		 	Section 9.06	    	 Trustee to Sign Amendments, etc.
	  	 	90	  
		
		 	ARTICLE 10.	  
		 	COLLATERAL AND SECURITY	  
				
		 	Section 10.01.	    	 Security Documents.
	  	 	90	  
		 	Section 10.02.	    	 Recording and Opinions.
	  	 	91	  
		 	Section 10.03.	    	 Release of Collateral.
	  	 	91	  
		 	Section 10.04.	    	 Certificates of the Company.
	  	 	92	  
		 	Section 10.05.	    	 Certificates of the Trustee.
	  	 	92	  
		 	Section 10.06.	    	 Authorization of Actions to Be Taken by the Trustee Under the Security Documents.
	  	 	92	  
		 	Section 10.07.	    	 Authorization of Receipt of Funds by the Trustee Under the Security Documents.
	  	 	93	  
		 	Section 10.08.	    	 Termination of Security Interest.
	  	 	93	  
		 	Section 10.09.	    	 Collateral
	  	 	93	  
		
		 	ARTICLE 11.	  
		 	NOTE GUARANTEES	  
				
		 	Section 11.01.	    	 Guarantee.
	  	 	97	  
		 	Section 11.02.	    	 Limitation on Guarantor Liability.
	  	 	98	  
		 	Section 11.03.	    	 Execution and Delivery of Note Guarantee.
	  	 	98	  
		 	Section 11.04.	    	 Guarantors May Consolidate, etc., on Certain Terms.
	  	 	99	  
		 	Section 11.05.	    	 Releases.
	  	 	99	  
		
		 	ARTICLE 12	  
		 	SATISFACTION AND DISCHARGE	  
				
		 	Section 12.01	    	 Satisfaction and Discharge.
	  	 	100	  
		 	Section 12.02	    	 Application of Trust Money.
	  	 	101	  
		
		 	ARTICLE 13	  
		 	MISCELLANEOUS	  
				
		 	Section 13.01	    	 Trust Indenture Act Controls.
	  	 	101	  
		 	Section 13.02	    	 Notices.
	  	 	101	  
		 	Section 13.03	    	 Communication by Holders of Notes with Other Holders of Notes.
	  	 	103	  
		 	Section 13.04	    	 Certificate and Opinion as to Conditions Precedent.
	  	 	103	  
		 	Section 13.05	    	 Statements Required in Certificate or Opinion.
	  	 	103	  
		 	Section 13.06	    	 Rules by Trustee and Agents.
	  	 	103	  
		 	Section 13.07	    	 No Personal Liability of Directors, Officers, Employees and Stockholders.
	  	 	104	  
		 	Section 13.08	    	 Governing Law.
	  	 	104	  
		 	Section 13.09	    	 No Adverse Interpretation of Other Agreements.
	  	 	104	  

  
 iii 

									
	 	 	 	    	 	  	Page	 
				
		 	Section 13.10	    	 Successors.
	  	 	104	  
		 	Section 13.11	    	 Severability.
	  	 	104	  
		 	Section 13.12	    	 Counterpart Originals.
	  	 	104	  
		 	Section 13.13	    	 Table of Contents, Headings, etc.
	  	 	105	  
		 	Section 13.14	    	 U.S.A. Patriot Act.
	  	 	105	  
		 	Section 13.15	    	 Force Majeure.
	  	 	105	  

 EXHIBITS 
  

			
	Exhibit A	    	FORM OF NOTE
	Exhibit B	    	FORM OF CERTIFICATE OF TRANSFER
	Exhibit C	    	FORM OF CERTIFICATE OF EXCHANGE
	Exhibit D	    	FORM OF CERTIFICATE OF ACQUIRING INSTITUTIONAL ACCREDITED INVESTOR
	Exhibit E	    	FORM OF SUPPLEMENTAL INDENTURE

  
 iv 

 INDENTURE dated as of June 17, 2015 among Carmike Cinemas, Inc., a Delaware corporation, the
Guarantors (as defined) and Wells Fargo Bank, National Association, as trustee. 
 The Company, the Guarantors and the Trustee agree as
follows for the benefit of each other and for the equal and ratable benefit of the Holders (as defined) of (i) the 6.00% Senior Secured Notes due 2023 and (ii) the Additional Notes (as defined) issued from time to time (any Additional
Notes together with the Initial Notes, the “Notes”): 
 ARTICLE 1 

DEFINITIONS AND INCORPORATION 
 BY
REFERENCE 
 Section 1.01 Definitions. 

“144A Global Note” means a Global Note substantially in the form of Exhibit A hereto bearing the Global Note Legend and the
Private Placement Legend and deposited with or on behalf of, and registered in the name of, the Depositary or its nominee that will be issued in a denomination equal to the outstanding principal amount of the Notes sold in reliance on Rule 144A.

 “Acquired Debt” means, with respect to any specified Person: 

(1) Indebtedness of any other Person existing at the time such other Person is merged with or into or became a Subsidiary of
such specified Person, whether or not such Indebtedness is incurred in connection with, or in contemplation of, such other Person merging with or into, or becoming a Restricted Subsidiary of, such specified Person; and 

(2) Indebtedness secured by a Lien encumbering any asset acquired by such specified Person. 

“Additional Notes” means additional Notes (other than the Initial Notes) issued under this Indenture in accordance with
Sections 2.02 and 2.13 hereof and otherwise in compliance with the terms of this Indenture, as part of the same class and series as the Initial Notes. 

“Affiliate” means, with respect to a specified Person, (a) any other Person that, directly or indirectly, Controls, is
Controlled by or is under common Control with the Person specified or is a director or officer of the Person specified or (b) any other Person that directly or indirectly owns 10% or more of any class of equity interests of the Person
specified. 
 “Agent” means any Registrar, co-registrar, Paying Agent or additional paying agent. 

“Applicable Premium” means, with respect to any Note on any redemption date, the greater of: 

(1) 1.0% of the principal amount of the Note; or 

(2) the excess of: (a) the present value at such redemption date of (i) the redemption price of the Note at
June 15, 2018, (such redemption price being set forth in the table appearing in Section 3.07 hereof) plus (ii) all required interest payments due on the Note through June 15, 2018, (excluding accrued but unpaid interest to the
redemption date), computed using a discount rate equal to the Treasury Rate as of such redemption date plus 50 basis points; over (b) the principal amount of the Note. 

  
 1 

 “Applicable Procedures” means, with respect to any transfer or exchange of or
for beneficial interests in any Global Note, the rules and procedures of the Depositary that apply to such transfer or exchange. 

“Asset Sale” means: 

(1) the sale, lease, conveyance or other disposition of any assets or rights by the Company or any of the Company’s
Restricted Subsidiaries; provided that the sale, lease, conveyance or other disposition of all or substantially all of the assets of the Company and its Restricted Subsidiaries taken as a whole will be governed by the provisions of this
Indenture set forth in Section 4.15 and/or the provisions set forth in Section 5.01 and not by the provisions of Section 4.10; and 

(2) the issuance of Equity Interests by any of the Company’s Restricted Subsidiaries or the sale by the Company or any of
the Company’s Restricted Subsidiaries of Equity Interests in any of the Company’s Subsidiaries. 
 Notwithstanding the preceding,
none of the following items will be deemed to be an Asset Sale: 
 (1) any single transaction or series of related transactions that
involves assets having a Fair Market Value of less than $3.0 million; 
 (2) a transfer of assets between or among the Company and its
Restricted Subsidiaries; 
 (3) an issuance of Equity Interests by a Restricted Subsidiary of the Company to the Company or to a Restricted
Subsidiary of the Company; 
 (4) the sale, lease or other transfer of products, services or accounts receivable in the ordinary course of
business and any sale or other disposition in the ordinary course of business of assets that are damaged, worn-out, obsolete or otherwise unsuitable or unnecessary for use in connection with the Company’s business (including (a) the
abandonment or other disposition of intellectual property that is, in the reasonable judgment of the Company, no longer economically practicable to maintain or useful in the conduct of the business of the Company and its Restricted Subsidiaries
taken as whole, (b) dispositions of fixtures, equipment and inventory in connection with a theatre closing and (c) any sale or disposition of assets in connection with scheduled maintenance and equipment and facility updates); 

(5) licenses and sublicenses by the Company or any of its Restricted Subsidiaries of software or intellectual property in the ordinary course
of business; 
 (6) any surrender or waiver of contract rights or settlement, release, recovery on or surrender of contract, tort or other
claims in the ordinary course of business; 
 (7) the granting of Liens not prohibited by Section 4.12; 

(8) the sale or other disposition of cash or Cash Equivalents; 

(9) a Restricted Payment that does not violate Section 4.07 or a Permitted Investment; 

(10) sales of assets received by the Company or any Restricted Subsidiary upon the foreclosure on a Lien; 

  
 2 

 (11) the issuance of preferred stock of a Restricted Subsidiary in compliance with
Section 4.09; 
 (12) sales, transfers and other 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; 
 (13) foreclosures
on assets of the Company and its Restricted Subsidiaries to the extent it would not otherwise result in a Default or Event of Default; 

(14) sales, transfers and other dispositions of Investments in Unrestricted Subsidiaries; 

(15) sales, transfers and other dispositions of the Screenvision Units; and 

(16) any lease, sale, transfer or other disposition by the Company or any of its Restricted Subsidiaries of a theatre acquired after the date
of this Indenture (whether through, merger, consolidation, asset purchase or otherwise) in one or a series of related transactions; provided that (a) the lease, sale, transfer or other disposition of such theatre occurs within twelve months of
its acquisition by the Company or such Restricted Subsidiary, (b) the Net Proceeds of such lease, sale, transfer or other disposition does not exceed 15% of the Fair Market Value of the aggregate consideration paid for such theatre and all
other theatres acquired in the same transaction or series of related transactions and (c) any Net Proceeds of such lease, sale, transfer or other disposition that are not applied in accordance with Section 4.10(b) hereof within the time period
provided therein will be deemed to constitute “Excess Proceeds.” 
 “Asset Sale Offer” has the meaning set forth
in Section 4.10. 
 “Attributable Debt” in respect of a Sale/Leaseback Transaction means, at the time of
determination, the present value of the obligation of the lessee for net rental payments during the remaining term of the lease included in such Sale/Leaseback Transaction including any period for which such lease has been extended or may, at the
option of the lessor, be extended. Such present value shall be calculated using a discount rate equal to the rate of interest implicit in such transaction, determined in accordance with GAAP; provided, however, that if such Sale/Leaseback
Transaction results in a Capital Lease Obligation, the amount of Indebtedness represented thereby will be determined in accordance with the definition of “Capital Lease Obligation.” 

“Bank Product Obligations” means, all obligations and liabilities (whether direct or indirect, absolute or contingent, due or
to become due or now existing or hereafter incurred) of the Company or any Guarantor, whether on account of principal, interest, reimbursement obligations, fees, indemnities, costs, expenses or otherwise, which may arise under, out of, or in
connection with any treasury, investment, depository, clearing house, wire transfer, cash management or automated clearing house transfers of funds services or any related services, to any person, in each case which are designated by the Company to
the collateral trustee and each Priority Lien Debt Representative as Bank Product Obligations by written notice in accordance with the applicable provisions of the collateral trust agreement. 

“Bank Product Provider” means any Person to whom Bank Product Obligations are owing. 

“Bankruptcy Law” means Title 11, U.S. Code or any similar federal or state law for the relief of debtors. 

  
 3 

 “Beneficial Owner” has the meaning assigned to such term in Rule 13d-3 and Rule
13d-5 under the Exchange Act, except that in calculating the beneficial ownership of any particular “person” (as that term is used in Section 13(d)(3) of the Exchange Act), such “person” will be deemed to have beneficial
ownership of all securities that such “person” has the right to acquire by conversion or exercise of other securities, whether such right is currently exercisable or is exercisable only after the passage of time. The terms
“Beneficially Owns” and “Beneficially Owned” have a corresponding meaning. 
 “Board of Directors”
means: 
 (1) with respect to a corporation, the board of directors of the corporation or any committee thereof duly
authorized to act on behalf of such board; 
 (2) with respect to a partnership, the Board of Directors of the general
partner of the partnership; 
 (3) with respect to a limited liability company, the managing member or members or any
controlling committee of managing members thereof; and 
 (4) with respect to any other Person, the board or committee of
such Person serving a similar function. 
 “Business Day” means any day other than a Legal Holiday. 

“Capital Lease Obligation” means, at the time any determination is to be made, the amount of the liability in respect of a
capital lease that would at that time be required to be capitalized on a balance sheet prepared in accordance with GAAP, and the Stated Maturity thereof shall be the date of the last payment of rent or any other amount due under such lease prior to
the first date upon which such lease may be prepaid by the lessee without payment of a penalty. 
 “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 interests (whether general or limited) or membership interests; 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, but excluding from all of the foregoing any debt securities convertible into Capital Stock, whether or not such
debt securities include any right of participation with Capital Stock. 
 “Cash Equivalents” means: 

(1) United States dollars; 

(2) securities issued or directly and fully guaranteed or insured by the United States government or any agency or
instrumentality of the United States government (provided that the full faith and credit of the United States is pledged in support of those securities) having maturities of not more than one year from the date of acquisition; 

  
 4 

 (3) certificates of deposit and eurodollar time deposits with maturities of one
year or less from the date of acquisition, bankers’ acceptances with maturities not exceeding six months and overnight bank deposits, in each case, with any lender party to the Credit Agreement or with any domestic commercial bank having
capital and surplus in excess of $500.0 million and a Thomson Bank Watch Rating of “B” or better; 
 (4) marketable
direct obligations issued by any state of the United States or any political subdivision of any such state or any public instrumentality thereof, in each case maturing within one year from the date of acquisition, and having, at the time of
acquisition, a credit rating of at least “A-1” from S&P or at least “P-1” from Moody’s; 
 (5)
repurchase obligations with a term of not more than seven days for underlying securities of the types described in clauses (2), (3) and (4) above entered into with any financial institution meeting the qualifications specified in
clause (3) above; 
 (6) commercial paper having one of the two highest ratings obtainable from Moody’s or S&P
and, in each case, maturing within six months after the date of acquisition; and 
 (7) money market funds at least 95% of
the assets of which constitute Cash Equivalents of the kinds described in clauses (1) through (6) of this definition. 

“Change of Control” means the occurrence of any of the following: 

(1) the direct or indirect sale, lease, transfer, conveyance or other disposition (other than by way of merger or
consolidation) in one or a series of related transactions, of all or substantially all of the properties or assets of the Company and its Subsidiaries taken as a whole to any Person (including any “person” (as that term is used in
Section 13(d)(3) of the Exchange Act)); 
 (2) the adoption of a plan relating to the liquidation or dissolution of the
Company; 
 (3) the consummation of any transaction (including, without limitation, any merger or consolidation) other than a
Permitted Strategic Acquisition, the result of which is that any Person (including any “person” (as defined above)), becomes the Beneficial Owner, directly or indirectly, of more than 50% of the Voting Stock of the Company, measured by
voting power rather than number of shares; provided that any holding company that conducts no material activities other than holding Capital Stock of the Company or any direct or indirect parent of the Company and has no other material assets or
liabilities other than such Capital Stock will not itself be considered a “person” for purposes of this clause (3); or 

(4) the first day on which a majority of the members of the Board of Directors of the Company are not Continuing Directors.

 “Change of Control Offer” has the meaning set forth in Section 4.15. 

“class” means (1) in the case of Parity Lien Debt Obligations, every Series of Parity Lien Debt and all other Parity
Lien Debt Obligations, taken together, and (2) in the case of Priority Lien Debt Obligations, every Series of Priority Lien Debt and all other Priority Lien Debt Obligations, taken together. 

  
 5 

 “Collateral” means all properties and assets at any time owned or acquired by
the Company or any of the other Pledgors, except: 
 (1) Excluded Assets; 

(2) any properties and assets in which the collateral trustee is required to release its Liens pursuant to Section 4.1 of
the collateral trust agreement; and 
 (3) any properties and assets that no longer secure the Notes or any Obligations in
respect thereof pursuant to Section 4.4(a) of the collateral trust agreement, 
 provided that, in the case of clauses (2) and (3), if such
Liens are required to be released as a result of the sale, transfer or other disposition of any properties or assets of the Company or any other Pledgor, such assets or properties will cease to be excluded from the Collateral if the Company or any
other Pledgor thereafter acquires or reacquires such assets or properties. 
 “collateral trust agreement” means the
Collateral Trust Agreement of even date herewith by and among the Credit Agreement Agent, the Parity Lien Debt Representative and the collateral trustee. 

“collateral trustee” means Wells Fargo Bank, National Association, in its capacity as collateral trustee under the collateral
trust agreement, together with its successors in such capacity. 
 “Company” means Carmike Cinemas, Inc., and any and all
successors thereto. 
 “Consolidated EBITDA” means, with respect to any specified Person for any period, the Consolidated
Net Income of such Person for such period plus, without duplication: 
 (1) an amount equal to any extraordinary loss plus
any net loss realized by such Person or any of its Restricted Subsidiaries in connection with an Asset Sale, to the extent such losses were deducted in computing such Consolidated Net Income; plus 

(2) provision for taxes based on income or profits or capital of such Person and its Restricted Subsidiaries for such period,
including, without limitation, state, franchise and similar taxes, in each case to the extent that such provision for taxes was deducted in computing such Consolidated Net Income; plus  

(3) the Fixed Charges of such Person and its Restricted Subsidiaries for such period, to the extent that such Fixed Charges
were deducted in computing such Consolidated Net Income; plus  
 (4) any foreign currency translation losses
(including losses related to currency remeasurements of Indebtedness) of such Person and its Restricted Subsidiaries for such period, to the extent that such losses were taken into account in computing such Consolidated Net Income; plus  

(5) the amount of any costs incurred in connection with the integration of an acquisition, to the extent deducted in computing
Consolidated Net Income; plus  

  
 6 

 (6) non-recurring items or unusual charges or expenses, executive recruitment,
severance, relocation costs or expense, other business optimization expenses (including costs and expenses relating to business optimization programs), new systems design and implementation costs, project start-up costs, restructuring charges or
reserves, and costs related to the closure and/or consolidation of facilities, or any other costs incurred in connection with any of the foregoing, to the extent deducted in computing Consolidated Net Income; plus  

(7) any net after-tax losses attributable to the early extinguishment or conversion of Indebtedness, to the extent deducted in
computing Consolidated Net Income; plus  
 (8) the amount of any net income (loss) attributable to non-controlling
interests deducted in computing Consolidated Net Income; plus  
 (9) charges for the write-off of unamortized debt
costs, to the extent deducted in computing Consolidated Net Income; plus 
 (10) any fees, expenses, prepayment
premiums or charges in such period related to any acquisition, disposition, Investment, repayment of Indebtedness, issuance of Capital Stock, financing, recapitalization or the incurrence of Indebtedness permitted to be incurred under this
Indenture, in each case other than in the ordinary course of business, including such fees, expenses, prepayment premiums or charges related to the transactions contemplated by the Offering Memorandum, relating to the initial offering of the Notes,
to the extent deducted in computing Consolidated Net Income; plus  
 (11) pre-opening expenses and theatre closing
expenses to the extent such expenses were deducted in computing Consolidated Net Income; plus  
 (12) depreciation
and amortization (including amortization or impairment write-offs of goodwill and other intangibles but excluding amortization of prepaid cash expenses that were paid in a prior period) of such Person and its Restricted Subsidiaries for such period
to the extent that such depreciation and amortization was deducted in computing Consolidated Net Income; plus  
 (13)
deferred lease expenses, to the extent such expenses were deducted in computing Consolidated Net Income, plus  
 (14)
any net loss from disposed or discontinued operations, to the extent such losses were deducted in computing Consolidated Net Income; plus  

(15) any other non-cash expenses or charges, including any impairment charge or asset write-offs or write-downs related to
intangible assets (including goodwill), long-lived assets, and Investments in debt and equity securities (excluding any such non-cash charge or expense to the extent that it represents an accrual of or reserve for cash charges or expenses in any
future period or amortization of a prepaid cash charge or expense that was paid in a prior period) of such Person and its Restricted Subsidiaries for such period to the extent that such non-cash expenses or charges were deducted in computing such
Consolidated Net Income; minus  
 (16) any foreign currency translation gains (including gains related to currency
remeasurements of Indebtedness) of such Person and its Restricted Subsidiaries for such period, to the extent that such gains were taken into account in computing such Consolidated Net Income; minus  

  
 7 

 (17) any net income from disposed or discontinued operations to the extent that
such net income was taken into account in computing such Consolidated Net Income, minus  
 (18) non-cash items
increasing such Consolidated Net Income for such period, other than the accrual of revenue in the ordinary course of business, 
 in each
case, on a consolidated basis and determined in accordance with GAAP. 
 Notwithstanding the preceding, the provision for taxes based on the
income or profits of, and the depreciation and amortization and other non-cash expenses of, a Restricted Subsidiary of the Company will be added to Consolidated Net Income to compute Consolidated EBITDA of the Company only to the extent that a
corresponding amount would be permitted at the date of determination to be dividended to the Company by such Restricted Subsidiary without prior governmental approval (that has not been obtained), and without direct or indirect restriction pursuant
to the terms of its charter and all agreements, instruments, judgments, decrees, orders, statutes, rules and governmental regulations applicable to that Restricted Subsidiary or its stockholders. 

“Consolidated First Lien Leverage Ratio” means, with respect to any specified Person as of any date, the ratio of
(a) the aggregate principal amount of Priority Lien Debt of such Person as of such date (which will be deemed to include, for purposes of this definition, the total amount of revolving credit commitments, whether or not drawn, under the Credit
Agreement or any other revolving Credit Facility which, when drawn, constitutes Priority Lien Debt) less the amount of unrestricted cash and Cash Equivalents set forth on the consolidated balance sheet of such Person and its Restricted Subsidiaries
as of such date to (b) the Consolidated EBITDA of such Person for the four most recent full fiscal quarters ending immediately prior to such date for which internal financial statements are available, after giving effect to such pro forma
adjustments as are consistent with the provisions relating to pro forma calculations contained in the definition of Fixed Charge Coverage Ratio. 

“Consolidated Net Income” means, with respect to any specified Person for any period, the aggregate of the net income (loss)
of such Person and its Restricted Subsidiaries for such period, on a consolidated basis (excluding the net income (loss) of any Unrestricted Subsidiary of such Person), determined in accordance with GAAP and without any reduction in respect of
preferred stock dividends; provided that: 
 (1) all extraordinary gains (but not losses) and all gains (but not losses)
realized in connection with any Asset Sale or the disposition of securities or the early extinguishment of Indebtedness, together with any related provision for taxes on any such gain, will be excluded; 

(2) the net income (but not loss) of any Person that is not a Restricted Subsidiary or that is accounted for by the equity
method of accounting will be included only to the extent of the amount of dividends or similar distributions paid in cash to the specified Person or a Restricted Subsidiary of the Person; 

(3) solely for the purpose of determining the amount available for Restricted Payments under clause (a)(3)(A)(i) of
Section 4.07, the net income (but not loss) of any Restricted Subsidiary will be excluded to the extent that the declaration or payment of dividends or similar distributions by that Restricted Subsidiary of that net income is not at the date of
determination permitted without any prior governmental approval (that has not been obtained) or, directly or indirectly, by operation of the terms of its charter or any agreement, instrument, judgment, decree, order, statute, rule or governmental
regulation applicable to that Restricted Subsidiary or its stockholders; 

  
 8 

 (4) the cumulative effect of a change in accounting principles will be excluded;
and 
 (5) non-cash gains and losses attributable to movement in the mark-to-market valuation of Hedging Obligations pursuant
to Financial Accounting Standards Board Statement No. 133 will be excluded. 
 “Consolidated Net Tangible Assets”
means, with respect to any specified Person as of any date, (a) the total assets of such Person and its Subsidiaries as of the most recent date for which internal financial statements are available, minus (b) all current liabilities of
such Person and its Subsidiaries reflected on the balance sheet of such financial statements (other than the current portion of long-term debt) minus (c) all goodwill, tradenames, trademarks, patents, unamortized debt discount and expense and
other like intangible assets of such Person and its Subsidiaries reflected on such balance sheet, in each case as determined on a consolidated basis in accordance with GAAP, and giving effect to any asset acquisition or disposition (whether through
merger, consolidation, stock purchase, asset sale or otherwise) occurring after the date of such financial statements through and including the date of determination of Consolidation Net Tangible Assets. 

“Consolidated Secured Leverage Ratio” means, with respect to any specified Person as of any date, the ratio of (a) the
consolidated total Indebtedness of such Person outstanding as of such date that is secured by a Lien (including, for avoidance of doubt, Capital Lease Obligations, Financing Obligations and Attributable Debt) less the amount of unrestricted
cash and Cash Equivalents set forth on the consolidated balance sheet of such Person and its Restricted Subsidiaries as of such date to (b) the Consolidated EBITDA of such Person for the four most recent full fiscal quarters ending immediately
prior to such date for which internal financial statements are available, after giving effect to such pro forma adjustments as are consistent with the provisions relating to pro forma calculations contained in the definition of Fixed Charge Coverage
Ratio. 
 “Construction Indebtedness” means Indebtedness incurred by the Company or its Restricted Subsidiaries in
connection with the construction of motion picture theatres or screens. 
 “continuing” means, with respect to any Default
or Event of Default, that such Default or Event of Default has not been cured or waived. 
 “Continuing Directors” means,
as of any date of determination, any member of the Board of Directors of the Company who: 
 (1) was a member of such Board
of Directors on the date of this Indenture; or 
 (2) was nominated for election or elected to such Board of Directors with
the approval of a majority of the Continuing Directors who were members of such Board of Directors at the time of such nomination or election. 

“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 correltive thereto. 

“Corporate Trust Office of the Trustee” means the address of the Trustee specified in Section 13.02 hereof or such other
address as to which the Trustee may give notice to the Company. 
 “Credit Agreement” means that certain senior secured
revolving credit facility, to be dated on or about the date of this Indenture, by and among the Company, the Guarantors and the lending institutions 

  
 9 

 
party thereto, providing for up to $50.0 million of revolving credit borrowings and letters of credit, including any related notes, Guarantees, collateral documents, instruments and agreements
executed in connection therewith, and, in each case, as amended, restated, modified, renewed, refunded, replaced in any manner (whether upon or after termination or otherwise) or refinanced (including by means of sales of debt securities to
institutional investors) in whole or in part from time to time. 
 “Credit Agreement Agent” means, at any time, the Person
serving at such time as the “Agent” or “Administrative Agent” under the Credit Agreement or any other representative then most recently designated in accordance with the applicable provisions of the Credit Agreement, together
with its successors in such capacity, for so long as such Person remains a Priority Lien Debt Representative. 
 “Credit
Facility” means one or more debt facilities (including, without limitation, the Credit Agreement), indentures or commercial paper facilities, in each case, with banks or other institutional lenders, accredited investors or institutional
investors providing for revolving credit loans, term loans, term debt, debt securities, receivables financing (including through the sale of receivables to such lenders or to special purpose entities formed to borrow from such lenders against such
receivables) or letters of credit, in each case, as amended, restated, modified, renewed, extended, increased, refunded, replaced in any manner (whether upon or after termination or otherwise) or refinanced (including by means of sales of debt
securities to institutional investors) in whole or in part from time to time. 
 “Custodian” means the Trustee, as
custodian with respect to the Notes in global form, or any successor entity thereto. 
 “Default” means any event that is,
or with the passage of time or the giving of notice or both would be, an Event of Default. 
 “Definitive Note” means a
certificated Note registered in the name of the Holder thereof and issued in accordance with Section 2.06 hereof, substantially in the form of Exhibit A hereto except that such Note shall not bear the Global Note Legend and shall not have the
“Schedule of Exchanges of Interests in the Global Note” attached thereto. 
 “Depositary” means, with respect to
the Notes issuable or issued in whole or in part in global form, the Person specified in Section 2.03 hereof as the Depositary with respect to the Notes, and any and all successors thereto appointed as depositary hereunder and having become
such pursuant to the applicable provision of this Indenture. 
 “Designated Non-cash Consideration” means the non-cash
consideration received by the Company or one of its Restricted Subsidiaries in connection with an Asset Sale that is so designated as Designated Non-cash Consideration pursuant to an Officer’s Certificate 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. 

“Discharge of Priority Lien Debt Obligations” means the occurrence of all of the following: 

(1) termination or expiration of all commitments to extend credit that would constitute Priority Lien Debt; 

(2) with respect to each Series of Priority Lien Debt, either (x) payment in full in cash of the principal of and interest
and premium (if any) on all Priority Lien Debt of such Series (other than any undrawn letters of credit) or (y) there has been a legal defeasance or covenant defeasance pursuant to the terms of the applicable Secured Debt Documents for such
Series of Secured Debt; 

  
 10 

 (3) with respect to any undrawn letters of credit constituting Priority Lien
Debt, either (x) discharge or cash collateralization (at the lower of (A) 105% of the aggregate undrawn amount and (B) the percentage of the aggregate undrawn amount required for release of liens under the terms of the applicable
Priority Lien Document) of all outstanding letters of credit constituting Priority Lien Debt or (y) the issuer of each such letter of credit has notified the collateral trustee in writing that alternative arrangements satisfactory to such
issuer and to the holders of the related Series of Secured Debt that has reimbursement obligations with respect thereto have been made; and 

(4) payment in full in cash of all other Priority Lien Debt Obligations that are outstanding and unpaid at the time the
Priority Lien Debt is paid in full in cash or the cash collateralization of all such Hedging Obligations on terms satisfactory to each applicable counterparty, and the expiration or termination of all outstanding transactions under Hedge Agreements
(other than any obligations for taxes, costs, indemnifications, reimbursements, damages and other liabilities in respect of which no claim or demand for payment has been made at such time); 

provided, however, that if, at any time after the Discharge of Priority Lien Debt Obligations has occurred, the Company thereafter enters into any
Priority Lien Debt Document evidencing Priority Lien Debt which incurrence is not prohibited by any applicable Secured Debt Document, then such Discharge of Priority Lien Debt Obligations shall automatically be deemed not to have occurred for all
purposes of the collateral trust agreement with respect to such new Priority Lien Debt (other than with respect to any actions taken as a result of the occurrence of such first Discharge of Priority Lien Debt Obligations), and, from and after the
date on which the Company designates such Funded Debt as Priority Lien Debt in accordance with the applicable provisions of the collateral trust agreement, the obligations under such Priority Lien Debt Document shall automatically and without any
further action be treated as Priority Lien Debt Obligations for all purposes of the collateral trust agreement, including for purposes of the Lien priorities and rights in respect of Collateral set forth in the collateral trust agreement and any
Parity Lien Debt Obligations shall be deemed to have been at all times Parity Lien Debt Obligations and at no time Priority Lien Debt Obligations. 

“Disqualified Stock” means any Capital Stock that, by its terms (or by the terms of any security into which it is
convertible, or for which it is exchangeable, in each case, at the option of the holder of the Capital Stock), or upon the happening of any event, matures or is mandatorily redeemable, pursuant to a sinking fund obligation or otherwise, or
redeemable at the option of the holder of the Capital Stock, in whole or in part, on or prior to the date that is 91 days after the date on which the Notes mature. Notwithstanding the preceding sentence, any Capital Stock that would constitute
Disqualified Stock solely because the holders of the Capital Stock have the right to require the Company to repurchase such Capital Stock upon the occurrence of a change of control or an asset sale will not constitute Disqualified Stock if the terms
of such Capital Stock provide that the Company may not repurchase or redeem any such Capital Stock pursuant to such provisions unless such repurchase or redemption complies with Section 4.07 hereof. The amount of Disqualified Stock deemed to be
outstanding at any time for purposes of this Indenture will be the maximum amount that the Company and its Restricted Subsidiaries may become obligated to pay upon the maturity of, or pursuant to any mandatory redemption provisions of, such
Disqualified Stock, exclusive of accrued dividends. 

  
 11 

 “Domestic Subsidiary” means any Restricted Subsidiary of the Company that was
formed under the laws of the United States or any state of the United States or the District of Columbia or that guarantees or otherwise provides direct credit support for any Indebtedness of the Company. 

“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). 
 “Equity Offering” means a public or private
sale either (1) of Equity Interests of the Company by the Company (other than Disqualified Stock and other than to a Subsidiary of the Company) or (2) of Equity Interests of a direct or indirect parent entity of the Company (other than to
the Company or a Subsidiary of the Company) to the extent that the net proceeds therefrom are contributed to the common equity capital of the Company. 

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

“Excluded Assets” means: 

(1) any property to the extent that a grant of a security interest in such property is prohibited by any law, treaty, rule or
regulation or determination of an arbitrator or a court of a governmental authority or agency, requires a consent not obtained of any governmental authority or agency pursuant to such law, treaty, rule or regulation or determination of an arbitrator
or a court of a governmental authority or agency, or is prohibited by, or constitutes a breach or default under or results in the termination of or requires any consent not obtained under, the terms of any contract, license, lease, mortgage, deed to
secure debt, deed of trust, security agreement or other agreement, instrument or other document evidencing, giving rise to or encumbering such property or, in the case of any “investment property” as such term is defined in
Section 9-102(a)(49) of the New York UCC, including promissory notes and capital stock, any applicable shareholder or similar agreement, except to the extent that such law, treaty, rule or regulation or determination of an arbitrator or a court
of a governmental authority or agency or such terms in such contract, license, lease, mortgage, deed to secure debt, deed of trust, security agreement or other agreement, instrument or other document of shareholder or similar agreement providing for
such prohibition, breach, default or termination or requiring such consent are ineffective under applicable law; 
 (2) any
“intent-to-use” application for registration of a mark 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, solely to the extent, if any, that and solely 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; 

(3) the Voting Stock of any Foreign Subsidiary, except that the Voting Stock of any Foreign Subsidiary that is directly owned
by a Domestic Subsidiary up to an amount not in excess of 66% of the total combined voting power of all Voting Stock of such Foreign Subsidiary will not constitute an Excluded Asset; 

(4) the Capital Stock in SV Holdco LLC (and any other Equity Interests into which such Capital Stock is converted or
exchanged), or in any publicly traded corporation (other than any subsidiary of the Company) where the value of such shares of such publicly traded corporation does not exceed $10,000 and the value of all such shares of all such publicly-traded
corporations does not exceed $50,000 in the aggregate; and 
 (5) (a) any interest in real property for which the
Company and the Guarantors are not required under the security documents to grant a mortgage to secure the Notes as of the date of this Indenture, (b) any owned real property acquired after the date of this Indenture with a Fair Market Value of
less than $1,000,000, (c) any leased real property (other than ground leases), (d) any ground-leased real property acquired after the date of this Indenture with a Fair Market Value not in excess of $1,000,000 and (e) any property in
a flood zone, to the extent the Credit Agreement does not require a mortgage of such property. 

  
 12 

 “Existing Indebtedness” means all Indebtedness of the Company and its
Subsidiaries (other than Indebtedness under the Credit Agreement) in existence on the date of this Indenture, until such amounts are repaid. 

“Fair Market Value” means the value that would be paid by a willing buyer to an unaffiliated willing seller in a transaction
not involving distress or necessity of either party, determined in good faith by the Board of Directors of the Company (unless otherwise provided in this Indenture). For avoidance of doubt, the public offering price of Equity Interests of any Person
sold in a bona fide public offering will be deemed to be the Fair Market Value of such Equity Interests in respect of such sale (notwithstanding that such Equity Interests may be sold at a discount to their current trading price, or may subsequently
trade at a higher price). 
 “Financing Obligations” means all obligations of the Company and its Subsidiaries of the type
described as “financing obligations” in the audited consolidated financial statements of the Company for the fiscal year ended December 31, 2014. 

“Fixed Charge Coverage Ratio” means with respect to any specified Person for any period, the ratio of the Consolidated EBITDA
of such Person for such period to the Fixed Charges of such Person for such period. In the event that the specified Person or any of its Restricted Subsidiaries incurs, assumes, guarantees, repays, repurchases, redeems, defeases or otherwise
discharges any Indebtedness (other than ordinary working capital borrowings) or issues, repurchases or redeems preferred stock subsequent to the commencement of the period for which the Fixed Charge Coverage Ratio is being calculated and on or prior
to the date on which the event for which the calculation of the Fixed Charge Coverage Ratio is made (the “Calculation Date”), then the Fixed Charge Coverage Ratio will be calculated giving pro forma effect (in accordance with
Regulation S-X under the Securities Act) to such incurrence, assumption, Guarantee, repayment, repurchase, redemption, defeasance or other discharge of Indebtedness, or such issuance, repurchase or redemption of preferred stock, and the use of the
proceeds therefrom, as if the same had occurred at the beginning of the applicable four-quarter reference period. 
 In addition, for
purposes of calculating the Fixed Charge Coverage Ratio: 
 (1) acquisitions that have been made by the specified Person or
any of its Restricted Subsidiaries, including through mergers or consolidations, or any Person or any of its Restricted Subsidiaries acquired by the specified Person or any of its Restricted Subsidiaries, and including all related financing
transactions and including increases in ownership of Restricted Subsidiaries, during the four-quarter reference period or subsequent to such reference period and on or prior to the Calculation Date, or that are to be made on the Calculation Date,
will be given pro forma effect as if they had occurred on the first day of the four-quarter reference period; 
 (2) the
Consolidated EBITDA attributable to discontinued operations, as determined in accordance with GAAP, and operations or businesses (and ownership interests therein) disposed of prior to the Calculation Date, will be excluded; 

  
 13 

 (3) the Fixed Charges attributable to discontinued operations, as determined in
accordance with GAAP, and operations or businesses (and ownership interests therein) disposed of prior to the Calculation Date, will be excluded, but only to the extent that the obligations giving rise to such Fixed Charges will not be obligations
of the specified Person or any of its Restricted Subsidiaries following the Calculation Date; 
 (4) Consolidated EBITDA
shall include the effects of incremental contributions the Company reasonably believes in good faith could have been achieved during the relevant period as a result of a Theatre Completion had such Theatre Completion occurred as of the beginning of
the relevant period; provided, however, that such incremental contributions were identified and quantified in good faith in an Officers’ Certificate delivered to the Trustee at the time of any calculation of the Fixed Charge Coverage Ratio;

 (5) Consolidated EBITDA shall be calculated on a pro forma basis after giving effect to any motion picture theatre or
screen that was permanently or indefinitely closed for business, at any time on or subsequent to the first day of such period as if such theatre or screen was closed for the entire period; 

(6) all preopening expense and theatre closure expense which reduced Consolidated Net Income during any applicable period shall
be added to Consolidated EBITDA; 
 (7) any Person that is a Restricted Subsidiary on the Calculation Date will be deemed to
have been a Restricted Subsidiary at all times during such four-quarter period; 
 (8) any Person that is not a Restricted
Subsidiary on the Calculation Date will be deemed not to have been a Restricted Subsidiary at any time during such four-quarter period; 

(9) if any Indebtedness bears a floating rate of interest, the interest expense on such Indebtedness will be calculated as if
the rate in effect on the Calculation Date had been the applicable rate for the entire period (taking into account any Hedging Obligation applicable to such Indebtedness if such Hedging Obligation has a remaining term at the Calculation Date in
excess of 12 months); and 
 (10) all pro forma calculations will be made in accordance with Regulation S-X under the
Securities Act, except that such calculations may include Pro Forma Cost Savings. 
 “Fixed Charges” means, with respect to
any specified Person for any period, the sum, without duplication, of: 
 (1) the consolidated interest expense of such
Person and its Restricted Subsidiaries for such period, whether paid or accrued, including, without limitation, amortization of debt issuance costs and original issue discount, non-cash interest payments (but excluding any non-cash interest expense
attributable to the movement in the mark to market valuation of Hedging Obligations), the interest component of any deferred payment obligations or Financing Obligations, the interest component of all payments associated with Capital Lease
Obligations, imputed interest with respect to Attributable Debt, commissions, discounts and other fees and charges incurred in respect of letter of credit or bankers’ acceptance financings, and net of the effect of all payments made or received
pursuant to Hedging Obligations in respect of interest rates, excluding (a) accretion or accrual of discounted liabilities not constituting Indebtedness, (b) any expense resulting from the discounting of Indebtedness in connection with the
application of purchase accounting in connection with an acquisition, (c) amortization of deferred financing 

  
 14 

 
fees, debt issuance costs, commissions, fees and expenses, (d) any expensing of bridge, commitment and other financing fees and (e) with respect to any incurrence of Indebtedness,
accretion or accrual of non-cash interest expense in respect of up to 2% of the original issue discount, if any, on such Indebtedness; plus 

(2) the consolidated interest expense of such Person and its Restricted Subsidiaries that was capitalized during such period;
plus 
 (3) any interest actually paid by the Company or a Restricted Subsidiary on Indebtedness of another Person
that is guaranteed by such Person or one of its Restricted Subsidiaries or secured by a Lien on assets of such Person or one of its Restricted Subsidiaries; plus 

(4) the product of (a) all dividends, whether paid or accrued and whether or not in cash, on any series of Disqualified
Stock of such Person or preferred stock of any of its Restricted Subsidiaries, other than dividends on such Disqualified Stock or preferred stock payable solely in Equity Interests of the Company (other than Disqualified Stock) or to the Company or
a Restricted Subsidiary of the Company, times (b) a fraction, the numerator of which is one and the denominator of which is one minus the then current combined federal, state and local statutory tax rate of such Person, expressed as a decimal;
minus 
 (5) to the extent included in the consolidated interest expense of such Person and its Restricted
Subsidiaries, non-cash interest expense in respect of Financing Obligations outstanding on the date of this Indenture, 
 in each case, determined on a
consolidated basis in accordance with GAAP. 
 “Foreign Subsidiary” means any Restricted Subsidiary of the Company that is
not a Domestic Subsidiary. 
 “Funded Debt” means, with respect to any specified Person, any Indebtedness of such Person
(excluding accrued expenses and trade payables), whether or not contingent: 
 (1) in respect of borrowed money or advances;
or 
 (2) evidenced by loan agreements, bonds, notes, debentures or similar instruments or letters of credit (or
reimbursement agreements in respect thereof). 
 For the avoidance of doubt, “Funded Debt” shall not include Hedging Obligations
or Bank Product Obligations. 
 “GAAP” means generally accepted accounting principles 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 have been
approved by a significant segment of the accounting profession, which are in effect as of the date of this Indenture. 
 “Global
Note Legend” means the legend set forth in Section 2.06(g)(2) hereof, which is required to be placed on all Global Notes issued under this Indenture. 

  
 15 

 “Global Notes” means, individually and collectively, each of the Restricted
Global Notes and the Unrestricted Global Notes deposited with or on behalf of and registered in the name of the Depositary or its nominee, substantially in the form of Exhibit A hereto and that bears the Global Note Legend and that has the
“Schedule of Exchanges of Interests in the Global Note” attached thereto, issued in accordance with Section 2.01, 2.06(b)(3), 2.06(b)(4), 2.06(d)(1), 2.06(d)(2) and 2.06(d)(3) or 2.06(f) hereof. 

“Government Securities” means direct obligations of, or obligations guaranteed by, the United States of America, and the
payment for which the United States pledges its full faith and credit. 
 “Guarantee” means a guarantee other than by
endorsement of negotiable instruments for collection in the ordinary course of business, direct or indirect, in any manner including, without limitation, by way of a pledge of assets or through letters of credit or reimbursement agreements in
respect thereof, of all or any part of any Indebtedness (whether arising by virtue of partnership arrangements, or by agreements to keep-well, to purchase assets, goods, securities or services, to take or pay or to maintain financial statement
conditions or otherwise). 
 “Guarantors” means any Subsidiary of the Company that executes a Note Guarantee in accordance
with the provisions of this Indenture, and its respective successors and assigns, in each case, until the Note Guarantee of such Person has been released in accordance with the provisions of this Indenture. 

“Hedge Agreement” means any Swap Contract; provided that the counterparty thereto has delivered a joinder to the collateral
trust agreement in the form required under the collateral trust agreement in respect thereof and the other requirements of the collateral trust agreement have been complied with. “Hedge Agreement” shall include both any Swap Contract
constituting a “master agreement” and any related Swap Transaction; provided, however that such joinder to the collateral trust agreement referred to in this definition shall only be required once for each master agreement and shall not be
required for each individual Swap Transaction thereunder. 
 “Hedging Obligations” means, with respect to any specified
Person, the obligations of such Person under any Swap Contract. 
 “Holder” means a Person in whose name a Note is
registered. 
 “IAI Global Note” means a Global Note substantially in the form of Exhibit A hereto bearing the Global Note
Legend and the Private Placement Legend and deposited with or on behalf of and registered in the name of the Depositary or its nominee that will be issued in a denomination equal to the outstanding principal amount of the Notes sold to Institutional
Accredited Investors. 
 “Immaterial Subsidiary” means, as of any date, any Restricted Subsidiary whose total
assets, as of that date, are less than $100,000 and whose total revenues for the most recent 12-month period do not exceed $100,000, in each case, determined on a consolidated basis in accordance with GAAP; provided that a Restricted
Subsidiary will not be considered to be an Immaterial Subsidiary if it, directly or indirectly, guarantees or otherwise provides direct credit support for any Indebtedness of the Company. 

“Indebtedness” means, with respect to any specified Person, any indebtedness of such Person (excluding accrued expenses and
trade payables), whether or not contingent: 
 (1) in respect of borrowed money; 

  
 16 

 (2) evidenced by bonds, notes, debentures or similar instruments or letters of
credit (or reimbursement agreements in respect thereof); 
 (3) in respect of banker’s acceptances; 

(4) representing Capital Lease Obligations or Attributable Debt in respect of Sale/Leaseback Transactions; 

(5) representing the balance deferred and unpaid of the purchase price of any property or services due more than one year after
such property is acquired or such services are completed, except (a) any such balance that constitutes an accrued expense or trade payable, or similar obligations to trade creditors, incurred in the ordinary course of business and
(b) obligations under earnout provisions in connection with the acquisition of assets or Capital Stock of another Person; 

(6) representing any Financing Obligations; or 

(7) representing any Hedging Obligations or Bank Product Obligations, 

if and to the extent any of the preceding items (other than letters of credit, Attributable Debt and Hedging Obligations) would appear as a liability upon a
balance sheet of the specified Person prepared in accordance with GAAP. In addition, the term “Indebtedness” includes all Indebtedness of others secured by a Lien on any asset of the specified Person (whether or not such Indebtedness is
assumed by the specified Person) and, to the extent not otherwise included, the Guarantee by the specified Person of any Indebtedness of any other Person. Indebtedness shall be calculated without giving effect to the effects of Statement of
Financial Accounting Standards No. 133 and related interpretations to the extent such effects would otherwise increase or decrease an amount of Indebtedness for any purpose under this Indenture as a result of accounting for any embedded
derivatives created by the terms of such Indebtedness. 
 “Indenture” means this Indenture, as amended or supplemented from
time to time. 
 “Indirect Participant” means a Person who holds a beneficial interest in a Global Note through a
Participant. 
 “Initial Notes” means the first $230.0 million aggregate principal amount of Notes issued under this
Indenture on the date hereof. 
 “Initial Purchasers” means J.P. Morgan Securities, LLC, Macquarie Capital (USA) Inc. and
RBC Capital Markets, LLC 
 “insolvency or liquidation proceeding” means: 

(1) any voluntary or involuntary case commenced by or against the Company or any other Pledgor under Title 11, U.S. Code or any
similar federal or state law for the relief of debtors, any other proceeding for the reorganization, recapitalization, receivership, liquidation or adjustment or marshaling of the assets or liabilities of the Company or any other Pledgor, any
receivership or assignment for the benefit of creditors relating to the Company or any other Pledgor or any similar case or proceeding relative to the Company or any other Pledgor or its creditors, as such, in each case whether or not voluntary;

  
 17 

 (2) any liquidation, dissolution, marshaling of assets or liabilities or other
winding up of or relating to the Company or any other Pledgor, in each case whether or not voluntary and whether or not involving bankruptcy or insolvency; or 

(3) any other proceeding of any type or nature in which substantially all claims of creditors of the Company or any other
Pledgor are determined and any payment or distribution is or may be made on account of such claims. 
 “Institutional Accredited
Investor” means an institution that is an “accredited investor” as defined in Rule 501(a)(1), (2), (3) or (7) under the Securities Act, who are not also QIBs. 

“Investments” means, with respect to any Person, all direct or indirect investments by such Person in other Persons
(including Affiliates) in the forms of loans (including Guarantees or other obligations), advances or capital contributions (excluding commission, travel and similar advances to officers and employees made in the ordinary course of business),
purchases or other acquisitions for consideration of Indebtedness, Equity Interests or other securities, together with all items that are or would be classified as investments on a balance sheet prepared in accordance with GAAP. If the Company or
any Restricted Subsidiary of the Company sells or otherwise disposes of any Equity Interests of any direct or indirect Restricted Subsidiary of the Company such that, after giving effect to any such sale or disposition, such Person is no longer a
Restricted Subsidiary of the Company, the Company will be deemed to have made an Investment on the date of any such sale or disposition equal to the Fair Market Value of the Company’s Investments in such Subsidiary that were not sold or
disposed of in an amount determined as provided in Section 4.07(c). The acquisition by the Company or any Restricted Subsidiary of the Company of a Person that holds an Investment in a third Person will be deemed to be an Investment by the
Company or such Restricted Subsidiary in such third Person in an amount equal to the Fair Market Value of the Investments held by the acquired Person in such third Person in an amount determined as provided in Section 4.07(c). Except as
otherwise provided in this Indenture, the amount of an Investment will be determined at the time the Investment is made and without giving effect to subsequent changes in value. 

“Legal Holiday” means a Saturday, a Sunday or a day on which banking institutions in the City of New York or at a place of
payment are authorized by law, regulation or executive order to remain closed. If a payment date is a Legal Holiday at a place of payment, payment may be made at that place on the next succeeding day that is not a Legal Holiday, and no interest
shall accrue on such payment for the intervening period. 
 “Lien” means, with respect to any asset, any mortgage, lien,
pledge, charge, security interest or encumbrance of any kind in respect of such asset, whether or not filed, recorded or otherwise perfected under applicable law, including any conditional sale or other title retention agreement, any lease in the
nature thereof, any option or other agreement to sell or give a security interest in and any filing of or agreement to give any financing statement under the Uniform Commercial Code (or equivalent statutes) of any jurisdiction. 

  
 18 

 “Lien Sharing and Priority Confirmation” means: 

(1) as to any Series of Parity Lien Debt, the written agreement of the holders of such Series of Parity Lien Debt, as set forth
in the indenture, credit agreement or other agreement governing such Series of Parity Lien Debt, for the enforceable benefit of all holders of each existing and future Series of Priority Lien Debt, each existing and future Priority Lien Debt
Representative and each existing and future holder of Permitted Liens: 
 (a) that all Parity Lien Debt Obligations will be
and are secured equally and ratably by all Parity Liens at any time granted by the Company or any other Pledgor to secure any Obligations in respect of such Series of Parity Lien Debt, whether or not upon property otherwise constituting collateral
for such Series of Parity Lien Debt, and that all such Parity Liens will be enforceable by the collateral trustee for the benefit of all holders of Parity Lien Debt Obligations equally and ratably; 

(b) that the holders of Obligations in respect of such Series of Parity Lien Debt are bound by the provisions of the
collateral trust agreement, including the provisions relating to the ranking of Parity Liens and the order of application of proceeds from the enforcement of Parity Liens; and 

(c) consenting to and directing the collateral trustee to perform its obligations under the collateral trust agreement and the
other security documents; and 
 (2) as to any Series of Priority Lien Debt, the written agreement of the holders of such
Series of Priority Lien Debt, as set forth in the credit agreement or other agreement governing such Series of Priority Lien Debt, for the enforceable benefit of all holders of each existing and future Series of Parity Lien Debt, each existing and
future Parity Lien Debt Representative and each existing and future holder of Permitted Liens: 
 (a) that all Priority Lien
Debt Obligations will be and are secured equally and ratably by all Priority Liens at any time granted by the Company or any other Pledgor to secure any Obligations in respect of such Series of Priority Lien Debt, whether or not upon property
otherwise constituting collateral for such Series of Priority Lien Debt, and that all such Priority Liens will be enforceable by the collateral trustee for the benefit of all holders of Priority Lien Debt Obligations equally and ratably; 

(b) that the holders of Obligations in respect of such Series of Priority Lien Debt are bound by the provisions of the
collateral trust agreement, including the provisions relating to the ranking of Priority Liens and the order of application of proceeds from enforcement of Priority Liens; and 

(c) consenting to and directing the collateral trustee to perform its obligations under the collateral trust agreement and the
other security documents. 
 “Moody’s” means Moody’s Investors Service, Inc. 

“Net Proceeds” means the aggregate cash proceeds and Cash Equivalents received by the Company or any of its Restricted
Subsidiaries in respect of any Asset Sale (including, without limitation, any cash or Cash Equivalents received upon the sale or other disposition of any non-cash consideration received in any Asset Sale), net of the direct costs relating to such
Asset Sale, including, without limitation, legal, accounting and investment banking fees, and sales commissions, any relocation expenses incurred as a result of the Asset Sale, taxes paid or payable as a result of the Asset Sale, in each case, after
taking into account any available tax credits or deductions and any tax sharing arrangements, amounts required to be applied to the repayment of Indebtedness, other than Indebtedness under a Credit Facility, secured by a Lien on the asset or assets
that were the subject of such Asset Sale and any reserve for adjustment or indemnification obligations in respect of the sale price of such asset or assets established in accordance with GAAP, and any portion of the purchase price from an Asset Sale
required to be placed in escrow for adjustment of the purchase price, satisfaction of indemnities or similar contractual obligations in connection with such Asset Sale. 

  
 19 

 “Non-Recourse Debt” means Indebtedness: 

(1) as to which neither the Company nor any of its Restricted Subsidiaries (a) provides credit support of any kind
(including any undertaking, agreement or instrument that would constitute Indebtedness) or (b) is directly or indirectly liable as a guarantor or otherwise; and 

(2) as to which the lenders have been notified in writing that they will not have any recourse to the stock or assets of the
Company or any of its Restricted Subsidiaries (other than the Equity Interests of an Unrestricted Subsidiary). 
 “Non-U.S.
Person” means a Person who is not a U.S. Person. 
 “Note Documents” means this Indenture, the Notes and the
security documents. 
 “Note Guarantee” means the Guarantee by each Guarantor of the Company’s obligations under this
Indenture and the Notes, executed pursuant to the provisions of this Indenture. 
 “Notes” has the meaning assigned to it
in the preamble to this Indenture. The Initial Notes and the Additional Notes shall be treated as a single class for all purposes under this Indenture, and unless the context otherwise requires, all references to the Notes shall include the Initial
Notes and any Additional Notes. 
 “Obligations” means any principal (including reimbursement obligations with respect to
letters of credit whether or not drawn), interest (including, to the extent legally permitted, all interest accrued thereon after the commencement of any insolvency or liquidation proceeding at the rate, including any applicable post-default rate,
specified in the applicable Secured Debt Documents, even if such interest is not enforceable, allowable or allowed as a claim in such proceeding), premium (if any), fees, indemnifications, reimbursements, expenses and other liabilities payable under
the documentation governing any Indebtedness. 
 “Offering Memorandum” means the offering memorandum of the Company, dated
June 10, 2015. 
 “Officer” means, with respect to any Person, the Chairman of the Board of Directors, the Chief
Executive Officer, the President, the Chief Operating Officer, the Chief Financial Officer, the Treasurer, any Assistant Treasurer, the Controller, the Secretary or any Vice-President of such Person. 

“Officers’ Certificate” means a certificate signed on behalf of the Company by two Officers of the Company, one of whom
must be the principal executive officer, the principal financial officer, the treasurer or the principal accounting officer of the Company, that meets the requirements of Section 13.05 hereof. 

“Opinion of Counsel” means an opinion from legal counsel who is reasonably acceptable to the Trustee, that meets the
requirements of Section 13.05 hereof. The counsel may be an employee of or counsel to the Company or any Subsidiary of the Company. 

“Parity Lien” means a Lien granted by a security document to the collateral trustee, at any time, upon any property of the
Company or any other Pledgor to secure Parity Lien Debt Obligations. 

  
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 “Parity Lien Debt” means: 

(1) the Notes issued on the date of this Indenture; and 

(2) any other Funded Debt of the Company (including Additional Notes), other than Hedging Obligations or Bank Product
Obligations, that is secured by a Parity Lien and that was permitted to be incurred and so secured under each applicable Secured Debt Document; provided that in the case of any Funded Debt referred to in this clause (2): 

(a) on or before the date on which such Funded Debt is incurred by the Company, such Funded Debt is designated by the Company,
in an Officers’ Certificate delivered to each Secured Debt Representative and the collateral trustee, as “Parity Lien Debt” for the purposes of the indenture and the collateral trust agreement; provided that no Obligation or Funded
Debt may be designated as both Parity Lien Debt and Priority Lien Debt; 
 (b) unless such Funded Debt is issued under an
existing Secured Debt Document for any Series of Parity Lien Debt whose Secured Debt Representative is already party to the collateral trust agreement, the Parity Lien Representative for such Funded Debt executes and delivers a collateral trust
joinder; and 
 (c) all requirements set forth in the collateral trust agreement as to the confirmation, grant or perfection
of the collateral trustee’s Liens to secure such Funded Debt or Obligations in respect thereof are satisfied (and the satisfaction of such requirements and the other provisions of this clause (c) will be conclusively established if the
Company delivers to the collateral trustee an Officers’ Certificate stating that such requirements and other provisions have been satisfied and that such Indebtedness is “Parity Lien Debt”). 

“Parity Lien Debt Cap” means an aggregate principal amount of Parity Lien Debt not to exceed, as of the applicable date of
incurrence, the minimum amount that would cause the Consolidated Secured Leverage Ratio of the Company to be greater than 5.00 to 1.00 as of such date. 

“Parity Lien Debt Documents” means, collectively, the Note Documents and the indenture, credit agreement or other agreement
governing each other Series of Parity Lien Debt and the security documents (other than any security documents that do not secure Parity Lien Debt Obligations). 

“Parity Lien Debt Obligations” means Parity Lien Debt and all other Obligations in respect thereof. 

“Parity Lien Debt Representative” means: 

(1) in the case of the Notes, the Trustee; or 

(2) in the case of any other Series of Parity Debt, the trustee, agent or representative of the holders of such Series of
Parity Lien Debt who maintains the transfer register for such Series of Parity Lien Debt and (a) is appointed as a Parity Lien Debt Representative (for purposes related to the administration of the security documents) pursuant to this
Indenture, credit agreement or other agreement governing such Series of Parity Lien Debt, together with its successors in such capacity, and (b) has become a party to the collateral trust agreement by executing a joinder in the form required
under the collateral trust agreement. 
 “Participant” means, with respect to the Depositary, Euroclear or Clearstream, a
Person who has an account with the Depositary, Euroclear or Clearstream, respectively (and, with respect to DTC, shall include Euroclear and Clearstream). 

  
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 “Permitted Business” means any business that is the same as, or reasonably
related, ancillary or complementary to, any of the businesses in which the Company and its Restricted Subsidiaries are engaged on the date of this Indenture. 

“Permitted Investments” means: 

(1) any Investment in the Company or in a Restricted Subsidiary of the Company; 

(2) any Investment in Cash Equivalents; 

(3) any Investment by the Company or any Restricted Subsidiary of the Company in a Person, if as a result of such Investment:

 (a) such Person becomes a Restricted Subsidiary of the Company; or 

(b) such Person is merged, consolidated or amalgamated with or into, or transfers or conveys substantially all of its assets
to, or is liquidated into, the Company or a Restricted Subsidiary of the Company; 
 (4) any Investment made as a result of
the receipt of non-cash consideration (including Designated Non-cash Consideration) from an Asset Sale that was made pursuant to and in compliance with Section 4.10; 

(5) any acquisition of assets or Capital Stock solely in exchange for the issuance of Equity Interests (other than Disqualified
Stock) of the Company; 
 (6) any Investments received in compromise or resolution of (A) obligations of trade creditors
or customers that were incurred in the ordinary course of business of the Company or any of its Restricted Subsidiaries, including pursuant to any plan of reorganization or similar arrangement upon the bankruptcy or insolvency of any trade creditor
or customer; or (B) litigation, arbitration or other disputes; 
 (7) Investments represented by Hedging Obligations;

 (8) loans or advances to employees made in the ordinary course of business of the Company or any Restricted Subsidiary of
the Company in an aggregate principal amount not to exceed $1.0 million at any one time outstanding; 
 (9) repurchases of
the Notes; 
 (10) any guarantee of Indebtedness permitted to be incurred by Section 4.09; 

(11) any Investment existing on, or made pursuant to binding commitments existing on, the date of this Indenture and any
Investment consisting of an extension, modification or renewal of any Investment existing on, or made pursuant to a binding commitment existing on, the date of this Indenture; provided that the amount of any such Investment may be increased
(a) as required by the terms of such Investment as in existence on the date of this Indenture or (b) as otherwise permitted under this Indenture; 

(12) Investments acquired after the date of this Indenture as a result of the acquisition by the Company or any Restricted
Subsidiary of the Company of another Person, including by 

  
 22 

 
way of a merger, amalgamation or consolidation with or into the Company or any of its Restricted Subsidiaries in a transaction that is not prohibited by Section 5.01 hereof after the date of
this Indenture to the extent that such Investments were not made in contemplation of such acquisition, merger, amalgamation or consolidation and were in existence on the date of such acquisition, merger, amalgamation or consolidation; 

(13) advances or extensions of credit on terms customary in the movie exhibition industry in the form of accounts or other
receivables incurred, or pre-paid film rentals, and loans and advances made in settlement of such accounts receivable, in the ordinary course of business; 

(14) advances, loans or extensions of credit to suppliers and vendors in the ordinary course of business; 

(15) Investments in one or more joint ventures engaged in a Permitted Business having an aggregate Fair Market Value (measured
on the date each such Investment was made and without giving effect to subsequent changes in value), when taken together with all other Investments made pursuant to this clause (15) that are at the time outstanding, not to exceed the amount by
which the aggregate net proceeds of any sales, transfers or other dispositions of the Screenvision Units exceeds the carrying value of the Screenvision Units as reflected on the Company’s balance sheet as of December 31, 2014; and 

(16) other Investments in any Person having an aggregate Fair Market Value (measured on the date each such Investment was made
and without giving effect to subsequent changes in value), when taken together with all other Investments made pursuant to this clause (16) that are at the time outstanding not to exceed $50.0 million, minus the amount of any Restricted
Payments made pursuant to Section 4.07(b)(13). 
 “Permitted Liens” means: 

(1) Priority Liens securing (a) Priority Lien Debt incurred pursuant to Section 4.09(b)(1), (b) additional
Priority Lien Debt in an aggregate amount not to exceed, as of the date of incurrence and after giving pro forma effect to the application of the net proceeds therefrom, the Priority Lien Debt Cap, (c) Permitted Refinancing Indebtedness in
respect of Priority Lien Debt secured by a Priority Lien originally incurred pursuant to clause (b) or this clause (c), and (d) all related Priority Lien Debt Obligations with respect to Priority Lien Debt described in clauses (a),
(b) or (c); 
 (2) Parity Liens securing (a) the Notes issued on the date of this Indenture and the Note Guarantees
thereof, (b) additional Parity Lien Debt in an aggregate amount not to exceed, as of the date of incurrence and after giving pro forma effect to the application of the net proceeds therefrom, the Parity Lien Debt Cap, (c) Permitted
Refinancing Indebtedness in respect of Parity Lien Debt secured by a Parity Lien originally incurred pursuant to clause (b) or this clause (c), and (d) all related Parity Lien Debt Obligations with respect to Parity Lien Debt described in
clauses (a), (b) or (c); 
 (3) Liens in favor of the Company or the Guarantors; 

(4) Liens on property of a Person existing at the time such Person becomes a Restricted Subsidiary of the Company or is merged
with or into or consolidated with the Company or any Restricted Subsidiary of the Company; provided that such Liens were not incurred in contemplation of such Person becoming a Restricted Subsidiary of the Company or

  
 23 

 
such merger or consolidation and do not extend to any assets other than those of the Person that becomes a Restricted Subsidiary of the Company or is merged with or into or consolidated with the
Company or any Restricted Subsidiary of the Company; 
 (5) Liens on property (including Capital Stock) existing at the time
of acquisition of the property by the Company or any Subsidiary of the Company; provided that such Liens were in existence prior to such acquisition and not incurred in contemplation of such acquisition; 

(6) Liens to secure the performance of statutory obligations, insurance, surety or appeal bonds, workers compensation
obligations, performance bonds or other obligations of a like nature incurred in the ordinary course of business (including Liens to secure letters of credit issued to assure payment of such obligations); 

(7) Liens to secure Indebtedness (including Capital Lease Obligations) permitted by Section 4.09(b)(4), covering only the
assets acquired with or financed by such Indebtedness; 
 (8) Liens to secure Attributable Debt permitted by
Section 4.09(b)(5), covering only the assets subject to the applicable Sale/Leaseback Transaction; 
 (9) Liens existing
on the date of this Indenture (other than Liens securing the Notes, the Note Guarantees and the Credit Agreement); 
 (10)
Liens for taxes, assessments or governmental charges or claims that are not yet delinquent or that are being contested in good faith by appropriate proceedings promptly instituted and diligently concluded; provided that any reserve or other
appropriate provision as is required in conformity with GAAP has been made therefor; 
 (11) Liens imposed by law, such as
carriers’, warehousemen’s, landlord’s and mechanics’ Liens, in each case, incurred in the ordinary course of business; 

(12) Survey exceptions, easements or reservations of, or rights of others for, licenses, rights-of-way, sewers, electric lines,
telegraph and telephone lines and other similar purposes, or zoning or other restrictions as to the use of real property that were not incurred in connection with Indebtedness and that do not in the aggregate materially adversely affect the value of
said properties or materially impair their use in the operation of the business of such Person; 
 (13) Liens (other than
Priority Liens or Parity Liens) to secure any Permitted Refinancing Indebtedness permitted to be incurred under this Indenture; provided, however, that: 

(a) the new Lien is limited to all or part of the same property and assets that secured or, under the written agreements
pursuant to which the original Lien arose, could secure the original Lien (plus improvements and accessions to, such property or proceeds or distributions thereof); and 

(b) the Indebtedness secured by the new Lien is not increased to any amount greater than the sum of (x) the outstanding
principal amount, or, if greater, committed amount, of the Indebtedness renewed, refunded, refinanced, replaced, defeased or discharged with such Permitted Refinancing Indebtedness and (y) an amount necessary to pay any fees and expenses,
including premiums, related to such renewal, refunding, refinancing, replacement, defeasance or discharge; 

  
 24 

 (14) Liens on insurance policies and proceeds thereof, or other deposits, to
secure insurance premium financings; 
 (15) filing of Uniform Commercial Code financing statements as a precautionary
measure in connection with operating leases; 
 (16) bankers’ Liens, rights of setoff, Liens arising out of judgments or
awards not constituting an Event of Default and notices of lis pendens and associated rights related to litigation being contested in good faith by appropriate proceedings and for which adequate reserves have been made; 

(17) Liens on cash, Cash Equivalents or other property arising in connection with the defeasance, discharge or redemption of
Indebtedness; 
 (18) Liens on specific items of inventory or other goods (and the proceeds thereof) of any Person securing
such Person’s obligations in respect of bankers’ acceptances issued or created in the ordinary course of business for the account of such Person to facilitate the purchase, shipment or storage of such inventory or other goods; 

(19) grants of software and other technology licenses in the ordinary course of business; 

(20) the rights of film distributors under film licensing contracts entered into by the Company or any Restricted Subsidiary in
the ordinary course of business on a basis customary in the movie exhibition industry; 
 (21) Liens arising out of
conditional sale, title retention, consignment or similar arrangements for the sale of goods entered into in the ordinary course of business; and 

(22) Liens incurred in the ordinary course of business of the Company or any Restricted Subsidiary of the Company with respect
to obligations that do not exceed $25.0 million at any one time outstanding. 
 “Permitted Refinancing Indebtedness” means
any Indebtedness of the Company or any of its Restricted Subsidiaries issued in exchange for, or the net proceeds of which are used to renew, refund, refinance, replace, defease or discharge other Indebtedness of the Company or any of its Restricted
Subsidiaries (other than intercompany 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 renewed, refunded, refinanced, replaced, defeased or discharged (plus all accrued interest on the
Indebtedness and the amount of all fees and expenses, including premiums, incurred in connection therewith); 
 (2) such
Permitted Refinancing Indebtedness has a final maturity date later than (a) the final maturity date of the Indebtedness being renewed, refunded, refinanced, replaced, defeased or discharged or (b) 90 days after the final maturity date of
the Notes; 
 (3) the portion, if any, of such Permitted Refinancing Indebtedness that is scheduled to mature on or prior to
the date 90 days after the final maturity date of the Notes has a Weighted Average Life to Maturity at the time such Permitted Refinancing Indebtedness is incurred that is 

  
 25 

 
no shorter than the Weighted Average Life to Maturity of the portion of the Indebtedness being renewed, refunded, refinanced, replaced, defeased or discharged that is scheduled to mature on or
prior to the date 90 days after the final maturity date of the Notes; 
 (4) if the Indebtedness being renewed, refunded,
refinanced, replaced, defeased or discharged is subordinated in right of payment to the Notes, such Permitted Refinancing Indebtedness is subordinated in right of payment to the Notes on terms at least as favorable to the Holders of Notes as those
contained in the documentation governing the Indebtedness being renewed, refunded, refinanced, replaced, defeased or discharged; and 

(5) such Indebtedness is incurred either by the Company or by the Restricted Subsidiary of the Company that was the obligor on
the Indebtedness being renewed, refunded, refinanced, replaced, defeased or discharged and is guaranteed only by Persons who were obligors on the Indebtedness being renewed, refunded, refinanced, replaced, defeased or discharged. 

“Permitted Strategic Acquisition” means any transaction, the result of which is that (i) any Permitted Strategic Buyer
or (ii) any direct or indirect Subsidiary of a Permitted Strategic Buyer, becomes the Beneficial Owner, directly or indirectly, of more than 50% of the Voting Stock of the Company, measured by voting power rather than number of shares;
provided, however, a transaction will not constitute a Permitted Strategic Acquisition if (a) the Consolidated Secured Leverage Ratio of the Company or the successor entity into which the Company is merged or consolidated (and not, for
avoidance of doubt, the Consolidated Secured Leverage Ratio of the Permitted Strategic Buyer unless it is the successor entity into which the Company is merged or consolidated) for the most recently ended four full fiscal quarters for which internal
financial statements are available immediately preceding the date of such transaction, determined on a pro forma basis giving effect to the consummation of such transaction (including the incurrence of any Indebtedness in connection with such
transaction), would have been greater than the Consolidated Secured Leverage Ratio of the Company immediately prior, and without giving pro forma effect, to the consummation of such transaction or (b) such transaction results in a Ratings
Event. 
 “Permitted Strategic Buyer” means any Person engaged in substantially the same businesses as the business in
which the Company and its Restricted Subsidiaries are engaged on the date of this Indenture, so long as the consolidated total revenue of such Person for the 12-month period ending as of the most recent date for which internal financial statements
for such Person are available is at least 200% of the consolidated total revenue of the Company for the 12-month period ending as of the most recent date for which internal financial statements of the Company are available, in each case as
determined in accordance with GAAP. 
 “Person” means any individual, corporation, partnership, limited partnership, joint
venture, association, joint-stock company, trust, unincorporated organization, limited liability company or government or other entity. 

“Pledgors” means the Company, the Guarantors and any other Person (if any) that provides collateral security for any Secured
Debt Obligations. 
 “Priority Lien” means a Lien granted by a security document to the collateral trustee, at any time,
upon any property of the Company or any other Pledgor to secure Priority Lien Debt Obligations. 

  
 26 

 “Priority Lien Debt” means: 

(1) any Funded Debt now or hereafter incurred of the Company under the Credit Agreement (including letters of credit and
reimbursement obligations with respect thereto) that was permitted to be incurred and secured under each applicable Secured Debt Document (or as to which the lenders under the Credit Agreement or their Priority Lien Representative obtained an
Officers’ Certificate at the time of incurrence (or with respect to any revolving credit obligations, at the time of commitment) to the effect that such Funded Debt was permitted to be incurred and secured by all applicable Secured Debt
Documents); and 
 (2) any other Funded Debt of the Company (including, without limitation, additional borrowings under any
other Credit Facility) that is secured by a Priority Lien and that was permitted to be incurred and so secured under each applicable Secured Debt Document; provided that in the case of any Funded Debt referred to in this clause (2): 

(a) on or before the date on which such Funded Debt is incurred by the Company, such Funded Debt is designated by the Company,
in an Officers’ Certificate delivered to each Secured Debt Representative and the collateral trustee, as “Priority Lien Debt” for the purposes of the Secured Debt Documents; provided that no Obligation or Funded Debt may be
designated as both Parity Lien Debt and Priority Lien Debt; 
 (b) unless such Funded Debt is issued under an existing
Secured Debt Document for any Series of Priority Lien Debt whose Secured Debt Representative is already party to the collateral trust agreement, the Priority Lien Representative for such Funded Debt executes and delivers a collateral trust joinder;
and 
 (c) all requirements set forth in the collateral trust agreement as to the confirmation, grant or perfection of the
collateral trustee’s Lien to secure such Indebtedness or Obligations in respect thereof are satisfied (and the satisfaction of such requirements and the other provisions of this clause (c) will be conclusively established if the Company
delivers to the collateral trustee an Officers’ Certificate stating that such requirements and other provisions have been satisfied and that such Indebtedness is “Priority Lien Debt”). 

For the avoidance of doubt, Hedging Obligations and Bank Product Obligations do not constitute Priority Lien Debt but may constitute Priority
Lien Debt Obligations. 
 “Priority Lien Debt Cap” means an aggregate principal amount of Priority Lien Debt not to exceed,
as of the applicable date of incurrence, the minimum amount that would cause the Consolidated First Lien Leverage Ratio of the Company to be greater than 2.00 to 1.00 as of such date. 

“Priority Lien Debt Documents” means the Credit Agreement and any other indenture, credit agreement or other agreement
pursuant to which any Priority Lien Debt is incurred and the security documents (other than any security documents that do not secure Priority Lien Debt Obligations). 

“Priority Lien Debt Obligations” means the Priority Lien Debt and all other Obligations in respect of Priority Lien Debt,
including without limitation any post-petition interest whether or not allowable together with all Hedging Obligations and Bank Product Obligations and all guarantees of any of the foregoing. In addition to the foregoing, all obligations owing to
the collateral trustee in its capacity as such, whether pursuant to the collateral trust agreement or one or more of the Priority Lien Documents or Parity Lien Documents, shall in each case be deemed to constitute Priority Lien Debt Obligations
(with the obligations described in this sentence being herein the “Collateral Trustee Obligations), which Collateral Trustee Obligations shall be entitled to the priority provided in the collateral trust agreement; 

  
 27 

 “Priority Lien Debt Representative” means with respect to any Series of Priority
Lien Debt, the trustee, agent or representative of the holders of such Series of Priority Lien Debt who maintains the transfer register for such Series of Priority Lien Debt and is appointed as a representative of the holders of such Series of
Priority Lien Debt (for purposes related to the administration of the security documents) pursuant to the credit agreement or other agreement governing such Series of Priority Lien Debt. 

“Priority Lien Secured Parties” means the holders of Priority Lien Debt Obligations, each Priority Lien Debt Representative
and the collateral trustee. 
 “Private Placement Legend” means the legend set forth in Section 2.06(g)(1) hereof to
be placed on all Notes issued under this Indenture except where otherwise permitted by the provisions of this Indenture. 
 “Pro
Forma Cost Savings” means, with respect to any four-quarter period, the reduction in net costs and expenses (in each case on a consolidated basis and determined in accordance with GAAP) that: 

(1) were directly attributable to an acquisition, Investment, disposition, merger, consolidation or discontinued operation or
other specified action that occurred during the four-quarter period or after the end of the four-quarter period and on or prior to the Calculation Date and that would properly be reflected in a pro forma income statement prepared in accordance with
Regulation S-X under the Securities Act; 
 (2) were actually implemented prior to the Calculation Date in connection with or
as a result of an acquisition, Investment, disposition, merger, consolidation or discontinued operation or other specified action and that are supportable and quantifiable by the underlying accounting records; or 

(3) relate to an acquisition, Investment, disposition, merger, consolidation or discontinued operation or other specified
action and that the Company reasonably determines will actually be realized within six months of the date of the closing of the acquisition, Investment, disposition, merger, consolidation or discontinued operation or specified action. 

“QIB” means a “qualified institutional buyer” as defined in Rule 144A. 

“Qualifying Equity Interests” means Equity Interests of the Company other than Disqualified Stock. 

“Rating Agency” means (1) each of Moody’s and S&P and (2) if either Moody’s or S&P ceases to rate
the Notes or fails to make a rating of the Notes publicly available for reasons outside of the Company’s control, a “nationally recognized statistical rating organization” within the meaning of Rule 15c3-1(c)(2)(vi)(F) under the
Exchange Act, selected by the Company as a replacement agency for Moody’s or S&P, or both, as the case may be. 
 “Ratings
Event” means the occurrence of the following: the rating of the Notes is reduced by one or both Rating Agencies on, or within 60 days after the earlier of, (i) the occurrence of a transaction described in clauses (i) or
(ii) of the definition of “Permitted Strategic Acquisition” (a “Strategic Acquisition”) or (ii) public notice of the occurrence of a Strategic Acquisition or the intention by the Company to effect a Strategic
Acquisition (which period shall be extended so long as the rating of the Notes is under publicly announced consideration for a possible downgrade by any of the Rating Agencies). 

  
 28 

 “Regulation S” means Regulation S promulgated under the Securities Act. 

“Regulation S Global Note” means a Global Note substantially in the form of Exhibit A hereto bearing the Global Note Legend
and the Private Placement Legend and deposited with or on behalf of and registered in the name of the Depositary or its nominee, issued in a denomination equal to the outstanding principal amount of the Notes sold in reliance on Rule 903 of
Regulation S. 
 “Required Parity Lien Debtholders” means, at any time, the holders of a majority in aggregate
principal amount of all Parity Lien Debt then outstanding, calculated in accordance with Section 7.2 of the collateral trust agreement. For purposes of this definition, Parity Lien Debt registered in the name of, or beneficially owned by, the
Company or any Affiliate of the Company will be deemed not to be outstanding. 
 “Responsible Officer,” when used with
respect to the Trustee, means any officer within the Corporate Trust Office of the Trustee (or any successor group of the Trustee) or any other officer of the Trustee customarily performing functions similar to those performed by any of the above
designated officers and also means, with respect to a particular corporate trust matter, any other officer to whom such matter is referred because of his knowledge of and familiarity with the particular subject. 

“Restricted Definitive Note” means a Definitive Note bearing the Private Placement Legend. 

“Restricted Global Note” means a Global Note bearing the Private Placement Legend. 

“Restricted Investment” means an Investment other than a Permitted Investment. 

“Restricted Period” means the 40-day distribution compliance period as defined in Regulation S. 

“Restricted Subsidiary” of a Person means any Subsidiary of the referent Person that is not an Unrestricted Subsidiary. 

“Rule 144” means Rule 144 promulgated under the Securities Act. 

“Rule 144A” means Rule 144A promulgated under the Securities Act. 

“Rule 903” means Rule 903 promulgated under the Securities Act. 

“Rule 904” means Rule 904 promulgated under the Securities Act. 

“S&P” means Standard & Poor’s Ratings Group. 

“Sale/Leaseback Transaction” means an arrangement relating to theatre properties whether now owned or hereafter acquired
whereby the Company or a Restricted Subsidiary transfers such theatre property to a Person (other than the Company or any of its Subsidiaries) and the Company or a Restricted Subsidiary leases it from such Person. 

“Screenvision Units” means the Class A and Class C membership units of SV Holdco, LLC owned by the Company as of the
date of this Indenture, and any additional membership units of SV Holdco, LLC issued to the Company for no additional consideration, and any other Equity Interests into which such membership units are converted or exchanged. 

“SEC” means the Securities and Exchange Commission. 

  
 29 

 “Secured Debt” means Parity Lien Debt and Priority Lien Debt. 

“Secured Debt Documents” means the Parity Lien Debt Documents and the Priority Lien Debt Documents. 

“Secured Debt Representative” means each Parity Lien Debt Representative and each Priority Lien Debt Representative. 

“Secured Obligations” means Parity Lien Debt Obligations and Priority Lien Debt Obligations. 

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

“security documents” means the collateral trust agreement, each Lien Sharing and Priority Confirmation, and all security
agreements, pledge agreements, collateral assignments, mortgages, deeds of trust, collateral agency agreements, control agreements or other grants or transfers for security executed and delivered by the Company or any other Pledgor creating (or
purporting to create) a Lien upon Collateral in favor of the collateral trustee, in each case, as amended, modified, renewed, restated or replaced, in whole or in part, from time to time, in accordance with its terms and Section 7.1 of the
collateral trust agreement. 
 “series” means, with respect to any Parity Lien Debt or Priority Lien Debt, severally, each
series of such Parity Lien Debt or Priority Lien Debt for which a single transfer register is maintained. 
 “Series of Parity Lien
Debt” means, severally, the Notes and each other issue or series of Parity Lien Debt for which a single transfer register is maintained. 

“Series of Priority Lien Debt” means, severally, the Funded Debt outstanding under the Credit Agreement and any other Credit
Facility that constitutes Priority Lien Debt. 
 “Series of Secured Debt” means each Series of Parity Lien Debt and each
Series of Priority Lien Debt. 
 “Significant Subsidiary” means any Restricted Subsidiary that would be a “significant
subsidiary” as defined in Article 1, Rule 1-02 of Regulation S-X promulgated under the Securities Act, as such Regulation is in effect on the date of this Indenture. 

“Stated Maturity” means, with respect to any installment of interest or principal on any series of Indebtedness, the date on
which the payment of interest or principal was scheduled to be paid in the documentation governing such Indebtedness as of the first date it was incurred in compliance with the terms of this Indenture, and will not include any contingent obligations
to repay, redeem or repurchase any such interest or principal prior to the date originally scheduled for the payment thereof. 

“Subsidiary” means, as to any Person, a corporation, partnership, limited partnership, limited liability company or other
entity of which shares of stock or other ownership interests having ordinary voting power (other than stock or such other ownership interests having such power only by reason of the happening of a contingency) to elect a majority of the board of
directors or other managers of such corporation, partnership or other entity are at the time owned, or the management of which is otherwise controlled, directly or indirectly through one or more intermediaries, or both, by such Person. 

“Swap Contract” means (a) any and all interest rate swap transactions, basis swaps, credit derivative transactions,
forward rate transactions, commodity swaps, commodity options, forward commodity 

  
 30 

 
contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or options for 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 such obligations or liabilities under any Master Agreement. 

“Swap Transactions” means any and all such transactions of any kind, and the related confirmations, which are subject to the
terms and conditions of, or governed by, any Hedge Agreement. 
 “Theatre Completion” means any motion picture theatre or
screen which was first opened for business by the Company or a Restricted Subsidiary during any applicable period. 
 “TIA”
means the Trust Indenture Act of 1939, as amended (15 U.S.C. §§ 77aaa-77bbbb). 
 “Treasury Rate” means, as
of any redemption date, the yield to maturity as of such redemption date of United States Treasury securities with a constant maturity (as compiled and published in the most recent Federal Reserve Statistical Release H.15 (519) that has become
publicly available at least two Business Days prior to the redemption date (or, if such Statistical Release is no longer published, any publicly available source of similar market data)) most nearly equal to the period from the redemption date to
June 15, 2018; provided, however, that if the period from the redemption date to June 15, 2018, is less than one year, the weekly average yield on actually traded United States Treasury securities adjusted to a constant maturity of one
year will be used. 
 “Trustee” means Wells Fargo Bank, National Association, until a successor replaces it in accordance
with the applicable provisions of this Indenture and thereafter means the successor serving hereunder. 
 “Unrestricted Definitive
Note” means a Definitive Note that does not bear and is not required to bear the Private Placement Legend. 
 “Unrestricted
Global Note” means a Global Note that does not bear and is not required to bear the Private Placement Legend. 

“Unrestricted Subsidiary” means any Subsidiary of the Company that is designated by the Board of Directors of the Company as
an Unrestricted Subsidiary pursuant to a resolution of the Board of Directors, but only to the extent that such Subsidiary: 

(1) has no Indebtedness other than Non-Recourse Debt; 

(2) except as permitted by Section 4.11, is not party to any agreement, contract, arrangement or understanding with the
Company or any Restricted Subsidiary of the Company unless the terms of any such agreement, contract, arrangement or understanding are no less favorable to the Company or such Restricted Subsidiary than those that might be obtained at the time from
Persons who are not Affiliates of the Company; 

  
 31 

 (3) is a Person with respect to which neither the Company nor any of its
Restricted Subsidiaries has any direct or indirect obligation (a) to subscribe for additional Equity Interests or (b) to maintain or preserve such Person’s financial condition or to cause such Person to achieve any specified levels of
operating results; and 
 (4) has not guaranteed or otherwise directly or indirectly provided credit support for any
Indebtedness of the Company or any of its Restricted Subsidiaries. 
 “U.S. Person” means a U.S. Person as defined in Rule
902(k) promulgated under the Securities Act. 
 “Voting Stock” of any specified Person as of any date means the Capital
Stock of such Person that is at the time entitled to vote in the election of the Board of Directors of such Person. 
 “Weighted
Average Life to Maturity” means, when applied to any Indebtedness at 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 payments of principal, including payment at final maturity, in respect of the Indebtedness, by (b) the number of years (calculated to the nearest one-twelfth) 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” of any specified Person means a Domestic Subsidiary of such Person all of the outstanding Capital Stock or other ownership interests of which (other than directors’ qualifying shares) will at the time be owned by such
Person or by one or more Subsidiaries of such Person. 
 Section 1.02 Other Definitions. 

 

			
	 Term
	  	 Defined

in

Section

		
	“Affiliate Transaction”	  	4.11
	“Asset Sale Offer”	  	3.09
	“Authentication Order”	  	2.02
	“Change of Control Offer”	  	4.15
	“Change of Control Payment”	  	4.15
	“Change of Control Payment Date”	  	4.15
	“Covenant Defeasance”	  	8.03
	“DTC”	  	2.03
	“Event of Default”	  	6.01
	“Excess Proceeds”	  	4.10
	“incur”	  	4.09
	“Legal Defeasance”	  	8.02
	“Offer Amount”	  	3.09
	“Offer Period”	  	3.09
	“Paying Agent”	  	2.03
	“Permitted Debt”	  	4.09
	“Payment Default”	  	6.01
	“Purchase Date”	  	3.09
	“Registrar”	  	2.03
	“Restricted Payments”	  	4.07

  
 32 

 Section 1.03 Incorporation by Reference of Trust Indenture Act. 

Whenever this Indenture refers to a provision of the TIA, the provision is incorporated by reference in and made a part of this Indenture.

 The following TIA terms used in this Indenture have the following meanings: 

“indenture securities” means the Notes; 

“indenture security holder” means a Holder of a Note; 

“indenture to be qualified” means this Indenture; 

“indenture trustee” or “institutional trustee” means the Trustee; and 

“obligor” on the Notes and the Note Guarantees means the Company and the Guarantors, respectively, and any successor obligor
upon the Notes and the Note Guarantees, respectively. 
 All other terms used in this Indenture that are defined by the TIA, defined by TIA
reference to another statute or defined by SEC rule under the TIA have the meanings so assigned to them. 
 Section 1.04 Rules of Construction.

 Unless the context otherwise requires: 

(1) a term has the meaning assigned to it; 

(2) an accounting term not otherwise defined has the meaning assigned to it in accordance with GAAP; 

(3) “or” is not exclusive; 

(4) “including” is not limiting; 

(5) words in the singular include the plural, and in the plural include the singular; 

(6) “will” shall be interpreted to express a command; 

(7) provisions apply to successive events and transactions; and 

(8) references to sections of or rules under the Securities Act will be deemed to include substitute, replacement of successor
sections or rules adopted by the SEC from time to time. 
 ARTICLE 2 

THE NOTES 
 Section 2.01 Form and
Dating. 
 (a) General. The Notes and the Trustee’s certificate of authentication will be substantially in the form of
Exhibit A hereto. The Notes may have notations, legends or endorsements required by law, stock exchange rule or usage. Each Note will be dated the date of its authentication. The Notes shall be in denominations of $2,000 and integral multiples of
$1,000 in excess thereof. 

  
 33 

 The terms and provisions contained in the Notes will constitute, and are hereby expressly made, a
part of this Indenture and the Company, the Guarantors and the Trustee, by their execution and delivery of this Indenture, expressly agree to such terms and provisions and to be bound thereby. However, to the extent any provision of any Note
conflicts with the express provisions of this Indenture, the provisions of this Indenture shall govern and be controlling. 
 (b) Global
Notes. Notes issued in global form will be substantially in the form of Exhibit A hereto (including the Global Note Legend thereon and the “Schedule of Exchanges of Interests in the Global Note” attached thereto). Notes issued in
definitive form will be substantially in the form of Exhibit A hereto (but without the Global Note Legend thereon and without the “Schedule of Exchanges of Interests in the Global Note” attached thereto). Each Global Note will represent
such of the outstanding Notes as will be specified therein and each shall provide that it represents the aggregate principal amount of outstanding Notes from time to time endorsed thereon and that the aggregate principal amount of outstanding Notes
represented thereby may from time to time be reduced or increased, as appropriate, to reflect exchanges and redemptions. Any endorsement of a Global Note to reflect the amount of any increase or decrease in the aggregate principal amount of
outstanding Notes represented thereby will be made by the Trustee or the Custodian, at the direction of the Trustee, in accordance with instructions given by the Holder thereof as required by Section 2.06 hereof. 

Euroclear and Clearstream Procedures Applicable. The provisions of the “Operating Procedures of the Euroclear System” and
“Terms and Conditions Governing Use of Euroclear” and the “General Terms and Conditions of Clearstream Banking” and “Customer Handbook” of Clearstream will be applicable to transfers of beneficial interests in the
Regulation S Global Note that are held by Participants through Euroclear or Clearstream. 
 Section 2.02 Execution and Authentication. 

At least one Officer must sign the Notes for the Company by manual or facsimile signature. 

If an Officer whose signature is on a Note no longer holds that office at the time a Note is authenticated, the Note will nevertheless be
valid. 
 A Note will not be valid until authenticated by the manual signature of the Trustee. The signature will be conclusive evidence
that the Note has been authenticated under this Indenture. 
 The Trustee will, upon receipt of a written order of the Company signed by an
Officer (an “Authentication Order”), authenticate Notes for original issue that may be validly issued under this Indenture. The aggregate principal amount of Notes outstanding at any time may not exceed the aggregate principal
amount of Notes authorized for issuance by the Company pursuant to one or more Authentication Orders, except as provided in Section 2.07 hereof. 

The Trustee may appoint an authenticating agent acceptable to the Company to authenticate Notes. An authenticating agent may authenticate
Notes whenever the Trustee may do so. Each reference in this Indenture to authentication by the Trustee includes authentication by such agent. An authenticating agent has the same rights as an Agent to deal with Holders or an Affiliate of the
Company. 

  
 34 

 Section 2.03 Registrar and Paying Agent. 

The Company will maintain an office or agency where Notes may be presented for registration of transfer or for exchange
(“Registrar”) and an office or agency where Notes may be presented for payment (“Paying Agent”). The Registrar will keep a register of the Notes and of their transfer and exchange. The Company may appoint one or
more co-registrars and one or more additional paying agents. The term “Registrar” includes any co-registrar and the term “Paying Agent” includes any additional paying agent. The Company may change any Paying Agent or Registrar
without notice to any Holder. The Company will notify the Trustee in writing of the name and address of any Agent not a party to this Indenture. If the Company fails to appoint or maintain another entity as Registrar or Paying Agent, the Trustee
shall act as such. The Company or any of its Subsidiaries may act as Paying Agent or Registrar. 
 The Company initially appoints The
Depository Trust Company (“DTC”) to act as Depositary with respect to the Global Notes. 
 The Company initially appoints
the Trustee to act as the Registrar and Paying Agent and to act as Custodian with respect to the Global Notes. 
 Section 2.04 Paying Agent to Hold
Money in Trust. 
 The Company will require each Paying Agent other than the Trustee to agree in writing that the Paying Agent will hold
in trust for the benefit of Holders or the Trustee all money held by the Paying Agent for the payment of principal of, premium on, if any, or interest on, the Notes, and will notify the Trustee of any default by the Company in making any such
payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee. Upon payment over to the
Trustee, the Paying Agent (if other than the Company or a Subsidiary) will have no further liability for the money. If the Company or a Subsidiary acts as Paying Agent, it will segregate and hold in a separate trust fund for the benefit of the
Holders all money held by it as Paying Agent. Upon any Event of Default under Section 6.01(9) or 6.01(10) relating to the Company, the Trustee will serve as Paying Agent for the Notes. 

Section 2.05 Holder Lists. 
 The
Trustee will preserve in as current a form as is reasonably practicable the most recent list available to it of the names and addresses of all Holders and shall otherwise comply with TIA §312(a). If the Trustee is not the Registrar, the Company
will furnish to the Trustee at least seven Business Days before each interest payment date and at such other times as the Trustee may request in writing, a list in such form and as of such date as the Trustee may reasonably require of the names and
addresses of the Holders of Notes and the Company shall otherwise comply with TIA §312(a). 
 Section 2.06 Transfer and Exchange. 

(a) Transfer and Exchange of Global Notes. A Global Note may not be transferred except as a whole by the Depositary to a nominee of the
Depositary, by a nominee of the Depositary to the Depositary or to another nominee of the Depositary, or by the Depositary or any such nominee to a successor Depositary or a nominee of such successor Depositary. All Global Notes will be exchanged by
the Company for Definitive Notes if: 
 (1) the Company delivers to the Trustee notice from the Depositary that it is
unwilling or unable to continue to act as Depositary or that it is no longer a clearing agency registered under the Exchange Act and, in either case, a successor Depositary is not appointed by the Company within 90 days after the date of such notice
from the Depositary; or 
 (2) there has occurred and is continuing a Default or Event of Default with respect to the Notes
and the Depositary so requests. 

  
 35 

 Upon the occurrence of either of the preceding events in (1) or (2) above, Definitive
Notes shall be issued in such names as the Depositary shall instruct the Trustee. Global Notes also may be exchanged or replaced, in whole or in part, as provided in Sections 2.07 and 2.10 hereof. Every Note authenticated and delivered in exchange
for, or in lieu of, a Global Note or any portion thereof, pursuant to this Section 2.06 or Section 2.07 or 2.10 hereof, shall be authenticated and delivered in the form of, and shall be, a Global Note. A Global Note may not be exchanged
for another Note other than as provided in this Section 2.06(a), however, beneficial interests in a Global Note may be transferred and exchanged as provided in Section 2.06(b), (c) or (f) hereof. 

(b) Transfer and Exchange of Beneficial Interests in the Global Notes. The transfer and exchange of beneficial interests in the Global
Notes will be effected through the Depositary, in accordance with the provisions of this Indenture and the Applicable Procedures. Beneficial interests in the Restricted Global Notes will be subject to restrictions on transfer comparable to those set
forth herein to the extent required by the Securities Act. Transfers of beneficial interests in the Global Notes also will require compliance with either subparagraph (1) or (2) below, as applicable, as well as one or more of the other
following subparagraphs, as applicable: 
 (1) Transfer of Beneficial Interests in the Same Global Note. Beneficial
interests in any Restricted Global Note may be transferred to Persons who take delivery thereof in the form of a beneficial interest in the same Restricted Global Note in accordance with the transfer restrictions set forth in the Private Placement
Legend; provided, however, that prior to the expiration of the Restricted Period, transfers of beneficial interests in the Regulation S Global Note may not be made to a U.S. Person or for the account or benefit of a U.S. Person (other than an
Initial Purchaser). Beneficial interests in any Unrestricted Global Note may be transferred to Persons who take delivery thereof in the form of a beneficial interest in an Unrestricted Global Note. No written orders or instructions shall be required
to be delivered to the Registrar to effect the transfers described in this Section 2.06(b)(1). 
 (2) All Other
Transfers and Exchanges of Beneficial Interests in Global Notes. In connection with all transfers and exchanges of beneficial interests that are not subject to Section 2.06(b)(1) above, the transferor of such beneficial interest must
deliver to the Registrar either: 
 (A) both: 

(i) a written order from a Participant or an Indirect Participant given to the Depositary in accordance with the Applicable
Procedures directing the Depositary to credit or cause to be credited a beneficial interest in another Global Note in an amount equal to the beneficial interest to be transferred or exchanged; and 

(ii) instructions given in accordance with the Applicable Procedures containing information regarding the Participant account
to be credited with such increase; or 

  
 36 

 (B) both: 

(i) a written order from a Participant or an Indirect Participant given to the Depositary in accordance with the Applicable
Procedures directing the Depositary to cause to be issued a Definitive Note in an amount equal to the beneficial interest to be transferred or exchanged; and 

(ii) instructions given by the Depositary to the Registrar containing information regarding the Person in whose name such
Definitive Note shall be registered to effect the transfer or exchange referred to in (1) above. 
 Upon satisfaction of all of the requirements for
transfer or exchange of beneficial interests in Global Notes contained in this Indenture and the Notes or otherwise applicable under the Securities Act, the Trustee shall adjust the principal amount of the relevant Global Note(s) pursuant to
Section 2.06(h) hereof. 
 (3) Transfer of Beneficial Interests to Another Restricted Global Note. A beneficial
interest in any Restricted Global Note may be transferred to a Person who takes delivery thereof in the form of a beneficial interest in another Restricted Global Note if the transfer complies with the requirements of Section 2.06(b)(2) above
and the Registrar receives the following: 
 (A) if the transferee will take delivery in the form of a beneficial interest
in the 144A Global Note, then the transferor must deliver a certificate in the form of Exhibit B hereto, including the certifications in item (1) thereof; and 

(B) if the transferee will take delivery in the form of a beneficial interest in the Regulation S Global Note, then the
transferor must deliver a certificate in the form of Exhibit B hereto, including the certifications in item (2) thereof. 

(4) Transfer and Exchange of Beneficial Interests in a Restricted Global Note for Beneficial Interests in an Unrestricted
Global Note. A beneficial interest in any Restricted Global Note may be exchanged by any holder thereof for a beneficial interest in an Unrestricted Global Note or transferred to a Person who takes delivery thereof in the form of a beneficial
interest in an Unrestricted Global Note if the exchange or transfer complies with the requirements of Section 2.06(b)(2) above and the Registrar receives the following: 

(i) if the holder of such beneficial interest in a Restricted Global Note proposes to exchange such beneficial interest for a
beneficial interest in an Unrestricted Global Note, a certificate from such holder in the form of Exhibit C hereto, including the certifications in item (1)(a) thereof; or 

(ii) if the holder of such beneficial interest in a Restricted Global Note proposes to transfer such beneficial interest to a
Person who shall take delivery thereof in the form of a beneficial interest in an Unrestricted Global Note, a certificate from such holder in the form of Exhibit B hereto, including the certifications in item (4) thereof; 

and, in each such case set forth in this Section 2.06(b)(4), if the Registrar so requests or if the Applicable Procedures so require, an
Opinion of Counsel in form reasonably acceptable to the Registrar to the effect that such exchange or transfer is in compliance with the Securities Act and that the restrictions on transfer contained herein and in the Private Placement Legend are no
longer required in order to maintain compliance with the Securities Act. 

  
 37 

 If any such transfer is effected pursuant to subparagraph (B) or (D) above at a time
when an Unrestricted Global Note has not yet been issued, the Company shall issue and, upon receipt of an Authentication Order in accordance with Section 2.02 hereof, the Trustee shall authenticate one or more Unrestricted Global Notes in an
aggregate principal amount equal to the aggregate principal amount of beneficial interests transferred pursuant to subparagraph (B) or (D) above. 

Beneficial interests in an Unrestricted Global Note cannot be exchanged for, or transferred to Persons who take delivery thereof in the form
of, a beneficial interest in a Restricted Global Note. 
 (c) Transfer or Exchange of Beneficial Interests for Definitive Notes. 

(1) Beneficial Interests in Restricted Global Notes to Restricted Definitive Notes. If any holder of a beneficial
interest in a Restricted Global Note proposes to exchange such beneficial interest for a Restricted Definitive Note or to transfer such beneficial interest to a Person who takes delivery thereof in the form of a Restricted Definitive Note, then,
upon receipt by the Registrar of the following documentation: 
 (A) if the holder of such beneficial interest in a
Restricted Global Note proposes to exchange such beneficial interest for a Restricted Definitive Note, a certificate from such holder in the form of Exhibit C hereto, including the certifications in item (2)(a) thereof; 

(B) if such beneficial interest is being transferred to a QIB in accordance with Rule 144A, a certificate to the effect set
forth in Exhibit B hereto, including the certifications in item (1) thereof; 
 (C) if such beneficial interest is
being transferred to a Non-U.S. Person in an offshore transaction in accordance with Rule 903 or Rule 904, a certificate to the effect set forth in Exhibit B hereto, including the certifications in item (2) thereof; 

(D) if such beneficial interest is being transferred pursuant to an exemption from the registration requirements of the
Securities Act in accordance with Rule 144, a certificate to the effect set forth in Exhibit B hereto, including the certifications in item (3)(a) thereof; 

(E) if such beneficial interest is being transferred to an Institutional Accredited Investor in reliance on an exemption from
the registration requirements of the Securities Act other than those listed in subparagraphs (B) through (D) above, a certificate to the effect set forth in Exhibit B hereto, including the certifications, certificates and Opinion of
Counsel required by item (3) thereof, if applicable; 
 (F) if such beneficial interest is being transferred to the
Company or any of its Subsidiaries, a certificate to the effect set forth in Exhibit B hereto, including the certifications in item (3)(b) thereof; or 

(G) if such beneficial interest is being transferred pursuant to an effective registration statement under the Securities Act,
a certificate to the effect set forth in Exhibit B hereto, including the certifications in item (3)(c) thereof, 
 the Trustee shall cause the aggregate
principal amount of the applicable Global Note to be reduced accordingly pursuant to Section 2.06(h) hereof, and the Company shall execute and the Trustee shall 

  
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authenticate and deliver to the Person designated in the instructions a Definitive Note in the appropriate principal amount. Any Definitive Note issued in exchange for a beneficial interest in a
Restricted Global Note pursuant to this Section 2.06(c) shall be registered in such name or names and in such authorized denomination or denominations as the holder of such beneficial interest shall instruct the Registrar through instructions
from the Depositary and the Participant or Indirect Participant. The Trustee shall deliver such Definitive Notes to the Persons in whose names such Notes are so registered. Any Definitive Note issued in exchange for a beneficial interest in a
Restricted Global Note pursuant to this Section 2.06(c)(1) shall bear the Private Placement Legend and shall be subject to all restrictions on transfer contained therein. 

(2) Beneficial Interests in Restricted Global Notes to Unrestricted Definitive Notes. A holder of a beneficial interest
in a Restricted Global Note may exchange such beneficial interest for an Unrestricted Definitive Note or may transfer such beneficial interest to a Person who takes delivery thereof in the form of an Unrestricted Definitive Note only if the
Registrar receives the following: 
 (i) if the holder of such beneficial interest in a Restricted Global Note proposes to
exchange such beneficial interest for an Unrestricted Definitive Note, a certificate from such holder in the form of Exhibit C hereto, including the certifications in item (1)(b) thereof; or 

(ii) if the holder of such beneficial interest in a Restricted Global Note proposes to transfer such beneficial interest to a
Person who shall take delivery thereof in the form of an Unrestricted Definitive Note, a certificate from such holder in the form of Exhibit B hereto, including the certifications in item (4) thereof; 

and, in each such case set forth in this Section 2.06(c)(2), if the Registrar so requests or if the Applicable Procedures so require, an
Opinion of Counsel in form reasonably acceptable to the Registrar to the effect that such exchange or transfer is in compliance with the Securities Act and that the restrictions on transfer contained herein and in the Private Placement Legend are no
longer required in order to maintain compliance with the Securities Act. 
 Upon satisfaction of any of the conditions of any of the clauses
of this Section 2.06(c)(2), the Company will execute and, upon receipt of an Authentication Order in accordance with Section 2.02, the Trustee will authenticate and deliver an Unrestricted Definitive Note in the appropriate principal
amount to the Person designated by the holder of such beneficial interest pursuant to instructions delivered to the Registrar by the Depositary and the applicable Participant or Indirect Participant on behalf of such holder, and the Trustee will
reduce or cause to be reduced in a corresponding amount pursuant to Section 2.06(h), the aggregate principal amount of the applicable Restricted Global Note. 

(3) Beneficial Interests in Unrestricted Global Notes to Unrestricted Definitive Notes. If any holder of a beneficial
interest in an Unrestricted Global Note proposes to exchange such beneficial interest for a Definitive Note or to transfer such beneficial interest to a Person who takes delivery thereof in the form of a Definitive Note, then, upon satisfaction of
the conditions set forth in Section 2.06(b)(2) hereof, the Trustee will cause the aggregate principal amount of the applicable Unrestricted Global Note to be reduced accordingly pursuant to Section 2.06(h) hereof, and the Company will
execute and the Trustee will authenticate and deliver to the Person designated in the instructions a Definitive Note in the appropriate principal amount. Any 

  
 39 

 
Definitive Note issued in exchange for a beneficial interest pursuant to this Section 2.06(c)(3) will be registered in such name or names and in such authorized denomination or denominations
as the holder of such beneficial interest requests through instructions to the Registrar from or through the Depositary and the Participant or Indirect Participant. The Trustee will deliver such Definitive Notes to the Persons in whose names such
Notes are so registered. Any Definitive Note issued in exchange for a beneficial interest pursuant to this Section 2.06(c)(3) will not bear the Private Placement Legend. 

(d) Transfer and Exchange of Definitive Notes for Beneficial Interests. 

(1) Restricted Definitive Notes to Beneficial Interests in Restricted Global Notes. If any Holder of a Restricted
Definitive Note proposes to exchange such Note for a beneficial interest in a Restricted Global Note or to transfer such Restricted Definitive Notes to a Person who takes delivery thereof in the form of a beneficial interest in a Restricted Global
Note, then, upon receipt by the Registrar of the following documentation: 
 (A) if the Holder of such Restricted Definitive
Note proposes to exchange such Note for a beneficial interest in a Restricted Global Note, a certificate from such Holder in the form of Exhibit C hereto, including the certifications in item (2)(b) thereof; 

(B) if such Restricted Definitive Note is being transferred to a QIB in accordance with Rule 144A, a certificate to the effect
set forth in Exhibit B hereto, including the certifications in item (1) thereof; 
 (C) if such Restricted Definitive
Note is being transferred to a Non-U.S. Person in an offshore transaction in accordance with Rule 903 or Rule 904, a certificate to the effect set forth in Exhibit B hereto, including the certifications in item (2) thereof; 

(D) if such Restricted Definitive Note is being transferred pursuant to an exemption from the registration requirements of the
Securities Act in accordance with Rule 144, a certificate to the effect set forth in Exhibit B hereto, including the certifications in item (3)(a) thereof; 

(E) if such Restricted Definitive Note is being transferred to an Institutional Accredited Investor in reliance on an
exemption from the registration requirements of the Securities Act other than those listed in subparagraphs (B) through (D) above, a certificate to the effect set forth in Exhibit B hereto, including the certifications, certificates and
Opinion of Counsel required by item (3) thereof, if applicable; 
 (F) if such Restricted Definitive Note is being
transferred to the Company or any of its Subsidiaries, a certificate to the effect set forth in Exhibit B hereto, including the certifications in item (3)(b) thereof; or 

(G) if such Restricted Definitive Note is being transferred pursuant to an effective registration statement under the
Securities Act, a certificate to the effect set forth in Exhibit B hereto, including the certifications in item (3)(c) thereof, 
 the
Trustee will cancel the Restricted Definitive Note, increase or cause to be increased the aggregate principal amount of, in the case of clause (A) above, the appropriate Restricted Global Note, in the case of clause (B) above, the 144A
Global Note, in the case of clause (C) above, the Regulation S Global Note, and in all other cases, the IAI Global Note. 

  
 40 

 (2) Restricted Definitive Notes to Beneficial Interests in Unrestricted Global
Notes. A Holder of a Restricted Definitive Note may exchange such Note for a beneficial interest in an Unrestricted Global Note or transfer such Restricted Definitive Note to a Person who takes delivery thereof in the form of a beneficial
interest in an Unrestricted Global Note only if the Registrar receives the following: 
 (i) if the Holder of such
Definitive Notes proposes to exchange such Notes for a beneficial interest in the Unrestricted Global Note, a certificate from such Holder in the form of Exhibit C hereto, including the certifications in item (1)(c) thereof; or 

(ii) if the Holder of such Definitive Notes proposes to transfer such Notes to a Person who shall take delivery thereof in the
form of a beneficial interest in the Unrestricted Global Note, a certificate from such Holder in the form of Exhibit B hereto, including the certifications in item (4) thereof; 

and, in each such case set forth in this Section 2.06(d)(2), if the Registrar so requests or if the Applicable Procedures so require, an
Opinion of Counsel in form reasonably acceptable to the Registrar to the effect that such exchange or transfer is in compliance with the Securities Act and that the restrictions on transfer contained herein and in the Private Placement Legend are no
longer required in order to maintain compliance with the Securities Act. 
 Upon satisfaction of the conditions of any of the
subparagraphs in this Section 2.06(d)(2), the Trustee will cancel the Definitive Notes and increase or cause to be increased the aggregate principal amount of the Unrestricted Global Note. 

(3) Unrestricted Definitive Notes to Beneficial Interests in Unrestricted Global Notes. A Holder of an Unrestricted
Definitive Note may exchange such Note for a beneficial interest in an Unrestricted Global Note or transfer such Definitive Notes to a Person who takes delivery thereof in the form of a beneficial interest in an Unrestricted Global Note at any time.
Upon receipt of a request for such an exchange or transfer, the Trustee will cancel the applicable Unrestricted Definitive Note and increase or cause to be increased the aggregate principal amount of one of the Unrestricted Global Notes. 

If any such exchange or transfer from a Definitive Note to a beneficial interest is effected pursuant to subparagraphs (2)(B),
(2)(D) or (3) above at a time when an Unrestricted Global Note has not yet been issued, the Company will issue and, upon receipt of an Authentication Order in accordance with Section 2.02 hereof, the Trustee will authenticate one or
more Unrestricted Global Notes in an aggregate principal amount equal to the principal amount of Definitive Notes so transferred. 

(4) Transfer or Exchange of Unrestricted Definitive Notes to Beneficial Interests in Restricted Global Notes Prohibited.
An Unrestricted Definitive Note may not be exchanged for, or transferred to Persons who take delivery thereof in the form of, beneficial interests in a Restricted Global Note. 

  
 41 

 (e) Transfer and Exchange of Definitive Notes for Definitive Notes. Upon request by a
Holder of Definitive Notes and such Holder’s compliance with the provisions of this Section 2.06(e), the Registrar will register the transfer or exchange of Definitive Notes. Prior to such registration of transfer or exchange, the
requesting Holder must present or surrender to the Registrar the Definitive Notes duly endorsed or accompanied by a written instruction of transfer in form satisfactory to the Registrar duly executed by such Holder or by its attorney, duly
authorized in writing. In addition, the requesting Holder must provide any additional certifications, documents and information, as applicable, required pursuant to the following provisions of this Section 2.06(e). 

(1) Restricted Definitive Notes to Restricted Definitive Notes. Any Restricted Definitive Note may be transferred to and
registered in the name of Persons who take delivery thereof in the form of a Restricted Definitive Note if the Registrar receives the following: 

(A) if the transfer will be made pursuant to Rule 144A, then the transferor must deliver a certificate in the form of Exhibit
B hereto, including the certifications in item (1) thereof; 
 (B) if the transfer will be made pursuant to Rule 903 or
Rule 904, then the transferor must deliver a certificate in the form of Exhibit B hereto, including the certifications in item (2) thereof; and 

(C) if the transfer will be made pursuant to any other exemption from the registration requirements of the Securities Act,
then the transferor must deliver a certificate in the form of Exhibit B hereto, including the certifications, certificates and Opinion of Counsel required by item (3) thereof, if applicable. 

(2) Restricted Definitive Notes to Unrestricted Definitive Notes. Any Restricted Definitive Note may be exchanged by the
Holder thereof for an Unrestricted Definitive Note or transferred to a Person or Persons who take delivery thereof in the form of an Unrestricted Definitive Note if the Registrar receives the following: 

(i) if the Holder of such Restricted Definitive Notes proposes to exchange such Notes for an Unrestricted Definitive Note, a
certificate from such Holder in the form of Exhibit C hereto, including the certifications in item (1)(d) thereof; or 

(ii) if the Holder of such Restricted Definitive Notes proposes to transfer such Notes to a Person who shall take delivery
thereof in the form of an Unrestricted Definitive Note, a certificate from such Holder in the form of Exhibit B hereto, including the certifications in item (4) thereof; 

and, in each such case set forth in this Section 2.06(e)(2), if the Registrar so requests, an Opinion of Counsel in form reasonably
acceptable to the Registrar to the effect that such exchange or transfer is in compliance with the Securities Act and that the restrictions on transfer contained herein and in the Private Placement Legend are no longer required in order to maintain
compliance with the Securities Act. 
 (3) Unrestricted Definitive Notes to Unrestricted Definitive Notes. A Holder of
Unrestricted Definitive Notes may transfer such Notes to a Person who takes delivery thereof in the form of an Unrestricted Definitive Note. Upon receipt of a request to register such a transfer, the Registrar shall register the Unrestricted
Definitive Notes pursuant to the instructions from the Holder thereof. 

  
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 (f) [Intentionally omitted.] 

(g) Legends. The following legends will appear on the face of all Global Notes and Definitive Notes issued under this Indenture unless
specifically stated otherwise in the applicable provisions of this Indenture. 
 (1) Private Placement Legend.

 (A) Except as permitted by subparagraph (B) below, each Global Note and each Definitive Note (and all Notes issued
in exchange therefor or substitution thereof) shall bear the legend in substantially the following form: 
 “THIS NOTE (OR ITS
PREDECESSOR) HAS NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED WITHIN THE UNITED STATES OR TO, OR FOR THE ACCOUNT
OR BENEFIT OF, U.S. PERSONS, EXCEPT AS SET FORTH IN THE NEXT SENTENCE. BY ITS ACQUISITION HEREOF OR OF A BENEFICIAL INTEREST HEREIN, THE HOLDER: 

(1) REPRESENTS THAT (A) IT IS A “QUALIFIED INSTITUTIONAL BUYER” (AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT) (A
“QIB”), OR (B) IT HAS ACQUIRED THIS NOTE IN AN OFFSHORE TRANSACTION IN COMPLIANCE WITH REGULATION S UNDER THE SECURITIES ACT, 

(2) AGREES THAT IT WILL NOT RESELL OR OTHERWISE TRANSFER THIS NOTE OR ANY BENEFICIAL INTEREST HEREIN EXCEPT (A) TO THE COMPANY OR ANY OF
ITS SUBSIDIARIES, (B) TO A PERSON WHOM THE SELLER REASONABLY BELIEVES IS A QIB PURCHASING FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QIB IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A, (C) IN AN OFFSHORE TRANSACTION MEETING THE
REQUIREMENTS OF RULE 903 OR 904 OF REGULATION S OF THE SECURITIES ACT, (D) TO AN INSTITUTIONAL “ACCREDITED INVESTOR” AS DEFINED IN RULE 501(a)(1), (2), (3) OR (7) UNDER THE SECURITIES ACT, (E) IN A TRANSACTION MEETING
THE REQUIREMENTS OF RULE 144 UNDER THE SECURITIES ACT, (F) IN ACCORDANCE WITH ANOTHER EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT (AND BASED UPON AN OPINION OF COUNSEL ACCEPTABLE TO THE COMPANY AND THE TRUSTEE) OR
(G) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT AND, IN EACH CASE, IN ACCORDANCE WITH THE APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION, AND 

(3) AGREES THAT IT WILL DELIVER TO EACH PERSON TO WHOM THIS NOTE OR AN INTEREST HEREIN IS TRANSFERRED A NOTICE SUBSTANTIALLY TO THE EFFECT OF
THIS LEGEND. 

  
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 AS USED HEREIN, THE TERMS “OFFSHORE TRANSACTIONS” AND “UNITED STATES” HAVE
THE MEANINGS GIVEN TO THEM BY RULE 902 OF REGULATION S UNDER THE SECURITIES ACT. THE INDENTURE CONTAINS A PROVISION REQUIRING THE TRUSTEE TO REFUSE TO REGISTER ANY TRANSFER OF THIS NOTE IN VIOLATION OF THE FOREGOING.” 

(B) Notwithstanding the foregoing, any Global Note or Definitive Note issued pursuant to subparagraphs (b)(4), (c)(2), (c)(3),
(d)(2), (d)(3), (e)(2), (e)(3) or (f) of this Section 2.06 (and all Notes issued in exchange therefor or substitution thereof) will not bear the Private Placement Legend. 

(2) Global Note Legend. Each Global Note will bear a legend in substantially the following form: 

“THIS GLOBAL NOTE IS HELD BY THE DEPOSITARY (AS DEFINED IN THE INDENTURE GOVERNING THIS NOTE) OR ITS NOMINEE IN CUSTODY FOR THE BENEFIT OF THE BENEFICIAL
OWNERS HEREOF, AND IS NOT TRANSFERABLE TO ANY PERSON UNDER ANY CIRCUMSTANCES EXCEPT THAT (1) THE TRUSTEE MAY MAKE SUCH NOTATIONS HEREON AS MAY BE REQUIRED PURSUANT TO SECTION 2.06 OF THE INDENTURE, (2) THIS GLOBAL NOTE MAY BE EXCHANGED IN
WHOLE BUT NOT IN PART PURSUANT TO SECTION 2.06(a) OF THE INDENTURE, (3) THIS GLOBAL NOTE MAY BE DELIVERED TO THE TRUSTEE FOR CANCELLATION PURSUANT TO SECTION 2.11 OF THE INDENTURE AND (4) THIS GLOBAL NOTE MAY BE TRANSFERRED TO A SUCCESSOR
DEPOSITARY WITH THE PRIOR WRITTEN CONSENT OF THE COMPANY. 
 UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR NOTES IN DEFINITIVE FORM, THIS NOTE
MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR
A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (55 WATER STREET, NEW YORK, NEW YORK) (“DTC”), TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR SUCH OTHER
ENTITY AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST
HEREIN.” 
 (h) Cancellation and/or Adjustment of Global Notes. At such time as all beneficial interests in a particular Global
Note have been exchanged for Definitive Notes or a particular Global Note has been redeemed, repurchased or canceled in whole and not in part, each such Global Note will be returned to or retained and canceled by the Trustee in accordance with
Section 2.11 hereof. At any time prior to such cancellation, if any beneficial interest in a Global Note is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Note or
for Definitive Notes, the principal amount of Notes represented by such Global Note will be reduced accordingly and an endorsement will be made on such Global Note by the Trustee or by the Depositary at the direction of the Trustee to reflect such
reduction; and if the beneficial interest is being exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Note, such other Global Note will be increased accordingly and an
endorsement will be made on such Global Note by the Trustee or by the Depositary at the direction of the Trustee to reflect such increase. 

  
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 (i) General Provisions Relating to Transfers and Exchanges. 

(1) To permit registrations of transfers and exchanges, the Company will execute and the Trustee will authenticate Global Notes
and Definitive Notes upon receipt of an Authentication Order in accordance with Section 2.02 hereof or at the Registrar’s request. 

(2) No service charge will be made to a holder of a beneficial interest in a Global Note or to a Holder of a Definitive Note
for any registration of transfer or exchange, but the Company may require payment of a sum sufficient to cover any transfer tax or similar governmental charge payable in connection therewith (other than any such transfer taxes or similar
governmental charge payable upon exchange or transfer pursuant to Sections 2.10, 3.06, 3.09, 4.10, 4.15 and 9.05 hereof). 

(3) The Registrar will not be required to register the transfer of or exchange of any Note selected for redemption in whole or
in part, except the unredeemed portion of any Note being redeemed in part. 
 (4) All Global Notes and Definitive Notes
issued upon any registration of transfer or exchange of Global Notes or Definitive Notes will be the valid obligations of the Company, evidencing the same debt, and entitled to the same benefits under this Indenture, as the Global Notes or
Definitive Notes surrendered upon such registration of transfer or exchange. 
 (5) Neither the Registrar nor the Company
will be required: 
 (A) to issue, to register the transfer of or to exchange any Notes during a period beginning at the
opening of business 15 days before the day of any selection of Notes for redemption under Section 3.02 hereof and ending at the close of business on the day of selection; 

(B) to register the transfer of or to exchange any Note selected for redemption in whole or in part, except the unredeemed
portion of any Note being redeemed in part; or 
 (C) to register the transfer of or to exchange a Note between a record
date and the next succeeding interest payment date. 
 (6) Prior to due presentment for the registration of a transfer of any
Note, the Trustee, any Agent and the Company may deem and treat the Person in whose name any Note is registered as the absolute owner of such Note for the purpose of receiving payment of principal of and interest on such Notes and for all other
purposes, and none of the Trustee, any Agent or the Company shall be affected by notice to the contrary. 
 (7) The Trustee
will authenticate Global Notes and Definitive Notes in accordance with the provisions of Section 2.02 hereof. 
 (8) All
certifications, certificates and Opinions of Counsel required to be submitted to the Registrar pursuant to this Section 2.06 to effect a registration of transfer or exchange may be submitted by facsimile. 

  
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 Section 2.07 Replacement Notes. 

If any mutilated Note is surrendered to the Trustee or the Company and the Trustee receives evidence to its satisfaction of the destruction,
loss or theft of any Note, the Company will issue and the Trustee, upon receipt of an Authentication Order, will authenticate a replacement Note if the Trustee’s requirements are met. If required by the Trustee or the Company, an indemnity bond
must be supplied by the Holder that is sufficient in the judgment of the Trustee and the Company to protect the Company, the Trustee, any Agent and any authenticating agent from any loss that any of them may suffer if a Note is replaced. The Company
may charge for its expenses in replacing a Note. 
 Every replacement Note is an obligation of the Company evidencing the same debt as the
destroyed, lost or stolen Note and will be entitled to all of the benefits of this Indenture equally and proportionately with all other Notes duly issued hereunder. 

Section 2.08 Outstanding Notes. 

The Notes outstanding at any time are all the Notes authenticated by the Trustee except for those canceled by it, those delivered to it for
cancellation, those reductions in the interest in a Global Note effected by the Trustee in accordance with the provisions hereof, and those described in this Section 2.08 as not outstanding. Except as set forth in Section 2.09 hereof, a
Note does not cease to be outstanding because the Company or an Affiliate of the Company holds the Note; however, Notes held by the Company or a Subsidiary of the Company shall not be deemed to be outstanding for purposes of Section 3.07(a)
hereof. 
 If a Note is replaced pursuant to Section 2.07 hereof, it ceases to be outstanding unless the Trustee receives proof
satisfactory to it that the replaced Note is held by a protected purchaser. 
 If the principal amount of any Note is considered paid under
Section 4.01 hereof, it ceases to be outstanding and interest on it ceases to accrue. 
 If the Paying Agent (other than the Company, a
Subsidiary or an Affiliate of any thereof) holds, on a redemption date or maturity date, money sufficient to pay Notes payable on that date, then on and after that date such Notes will be deemed to be no longer outstanding and will cease to accrue
interest. 
 Section 2.09 Treasury Notes. 

In determining whether the Holders of the required principal amount of Notes have concurred in any direction, waiver or consent, Notes owned
by the Company or any Guarantor, or by any Affiliate of the Company or any Guarantor, will be considered as though not outstanding, except that for the purposes of determining whether the Trustee will be protected in relying on any such direction,
waiver or consent, only Notes that the Trustee knows are so owned will be so disregarded. 
 Section 2.10 Temporary Notes. 

Until certificates representing Notes are ready for delivery, the Company may prepare and the Trustee, upon receipt of an Authentication
Order, will authenticate temporary Notes. Temporary Notes will be substantially in the form of Definitive Notes but may have variations that the Company considers appropriate for temporary Notes and as may be reasonably acceptable to the Trustee.
Without unreasonable delay, the Company will prepare and the Trustee will authenticate Definitive Notes in exchange for temporary Notes. 

  
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 Holders of temporary Notes will be entitled to all of the benefits of this Indenture. 

Section 2.11 Cancellation. 
 The
Company at any time may deliver Notes to the Trustee for cancellation. The Registrar and Paying Agent will forward to the Trustee any Notes surrendered to them for registration of transfer, exchange or payment. The Trustee and no one else will
cancel all Notes surrendered for registration of transfer, exchange, payment, replacement or cancellation and will destroy canceled Notes (subject to the record retention requirements of the Exchange Act) subject to its customary practices. The
Company may not issue new Notes to replace Notes that it has paid or that have been delivered to the Trustee for cancellation. 
 Section 2.12
Defaulted Interest. 
 If the Company defaults in a payment of interest on the Notes, it will pay the defaulted interest in any
lawful manner plus, to the extent lawful, interest payable on the defaulted interest, to the Persons who are Holders on a subsequent special record date, in each case at the rate provided in the Notes and in Section 4.01 hereof. The Company
will notify the Trustee in writing of the amount of defaulted interest proposed to be paid on each Note and the date of the proposed payment. The Company will fix or cause to be fixed each such special record date and payment date; provided
that no such special record date may be less than 10 days prior to the related payment date for such defaulted interest. At least 15 days before the special record date, the Company (or, upon the written request of the Company, the Trustee in the
name and at the expense of the Company) will mail or cause to be mailed to Holders a notice that states the special record date, the related payment date and the amount of such interest to be paid. 

Section 2.13 Issuance of Additional Notes. 

The Company will be entitled, subject to its compliance with Section 4.09, 4.12 and otherwise in compliance with this Indenture, to issue
Additional Notes under this Indenture which will have identical terms as the Initial Notes issued on the date hereof, other than with respect to the date of issuance, issue price and first interest payment date and rights under a related
registration rights agreement, if any. The Initial Notes issued on the date hereof, any Additional Notes will be treated as a single class and series for all purposes under this Indenture, including directions, waivers, amendments, consents,
redemptions and offers to purchase. 
 With respect to any Additional Notes, the Company will set forth in a resolution of its Board of
Directors (solely with respect to clause (a) of this Section 2.13) and an Officers’ Certificate, a copy of each of which will be delivered to the Trustee, the following information: 

(a) the aggregate principal amount of such Additional Notes to be authenticated and delivered pursuant to this Indenture; 

(b) the issue price, the issue date, the first interest payment date and the CUSIP and/or ISIN number of such Additional Notes; and 

(c) whether such Additional Notes will be subject to the restrictions on transfer set forth in Section 2.06 relating to Restricted Global
Notes and Restricted Definitive Notes. 

  
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 Section 2.14 Record Date. 

The record date for purposes of determining the identity of Holders of Notes entitled to vote or consent to any action by vote or consent or
permitted under this Indenture will be determined as provided for in Section 2.12, Section 9.02 and TIA Section 316(c), as applicable. 

ARTICLE 3 
 REDEMPTION AND
PREPAYMENT 
 Section 3.01 Notices to Trustee. 

If the Company elects to redeem Notes pursuant to the optional redemption provisions of Section 3.07 hereof, it must furnish to the
Trustee, at least 30 days but not more than 60 days before a redemption date, an Officers’ Certificate setting forth: 

(1) the clause of this Indenture pursuant to which the redemption shall occur; 

(2) the redemption date; 

(3) the principal amount of Notes to be redeemed; 

(4) the CUSIP and/or ISIN number(s) of the Notes to be redeemed; and 

(5) the redemption price. 

Section 3.02 Selection of Notes to Be Redeemed or Purchased. 

If less than all of the Notes are to be redeemed at any time, the Trustee will select Notes for redemption on a pro rata basis (or, in
the case of Notes issued in global form pursuant to Article 2 hereof, based on a method that most nearly approximates a pro rata selection as the Trustee deems fair and appropriate and consistent with the Depositary’s then existing
procedures) unless otherwise required by law or applicable stock exchange or depositary requirements. 
 In the event of partial redemption
or purchase by lot, the particular Notes to be redeemed or purchased will be selected, unless otherwise provided herein, not less than 30 nor more than 60 days prior to the redemption or purchase date by the Trustee from the outstanding Notes not
previously called for redemption or purchase. 
 The Trustee will promptly notify the Company in writing of the Notes selected for
redemption or purchase and, in the case of any Note selected for partial redemption or purchase, the principal amount thereof to be redeemed or purchased. No notes of $2,000 or less will be redeemed or purchased in part. Notes and portions of Notes
selected will be in amounts of $2,000 or whole multiples of $1,000 in excess thereof; except that if all of the Notes of a Holder are to be redeemed or purchased, the entire outstanding amount of Notes held by such Holder shall be redeemed or
purchased. Except as provided in the preceding sentence, provisions of this Indenture that apply to Notes called for redemption or purchase also apply to portions of Notes called for redemption or purchase. 

Section 3.03 Notice of Redemption. 

Subject to the provisions of Section 3.09 hereof, at least 30 days but not more than 60 days before a redemption date, the Company will
mail or cause to be mailed, by first class mail, a notice of 

  
 48 

 
redemption to each Holder whose Notes are to be redeemed at its registered address, except that redemption notices may be mailed more than 60 days prior to a redemption date if the notice is
issued in connection with a defeasance of the Notes or a satisfaction and discharge of this Indenture pursuant to Articles 8 or 12 hereof. 

The notice will identify the Notes to be redeemed and will state: 

(1) the redemption date; 

(2) the redemption price; 

(3) if any Note is being redeemed in part, the portion of the principal amount of such Note to be redeemed and that, after the
redemption date upon surrender of such Note, a new Note or Notes in principal amount equal to the unredeemed portion will be issued upon cancellation of the original Note; 

(4) the name and address of the Paying Agent; 

(5) that Notes called for redemption must be surrendered to the Paying Agent to collect the redemption price; 

(6) that, unless the Company defaults in making such redemption payment, interest on Notes called for redemption ceases to
accrue on and after the redemption date; 
 (7) the paragraph of the Notes and/or Section of this Indenture pursuant to which
the Notes called for redemption are being redeemed; and 
 (8) that no representation is made as to the correctness or
accuracy of the CUSIP number, if any, listed in such notice or printed on the Notes. 
 At the Company’s request, the Trustee will give
the notice of redemption in the Company’s name and at its expense; provided, however, that the Company has delivered to the Trustee, at least 15 days prior to the delivery of such redemption notice (or such shorter time as agreed upon by
the Trustee), an Officers’ Certificate requesting that the Trustee give such notice and setting forth the information to be stated in such notice as provided in the preceding paragraph. 

Section 3.04 Effect of Notice of Redemption. 

Once notice of redemption is mailed in accordance with Section 3.03 hereof, Notes called for redemption become irrevocably due and
payable on the redemption date at the redemption price. A notice of redemption may not be conditional. If mailed in a manner herein provided, the notice shall be conclusively presumed to have been given, whether or not a Holder receives such notice.
In any case, failure to give notice or any defect in such notice to any Holder shall not affect the validity of the proceedings for the redemption of any other Note. 

Section 3.05 Deposit of Redemption or Purchase Price. 

One Business Day prior to the redemption or purchase date, the Company will deposit with the Trustee or with the Paying Agent money sufficient
to pay the redemption or purchase price of and accrued interest on all Notes to be redeemed or purchased on that date. The Trustee or the Paying Agent will promptly return to the Company any money deposited with the Trustee or the Paying Agent by
the Company in excess of the amounts necessary to pay the redemption or purchase price of and accrued interest on all Notes to be redeemed or purchased. 

  
 49 

 If the Company complies with the provisions of the preceding paragraph, on and after the
redemption or purchase date, interest will cease to accrue on the Notes or the portions of Notes called for redemption or purchase. If a Note is redeemed or purchased on or after an interest record date but on or prior to the related interest
payment date, then any accrued and unpaid interest shall be paid to the Person in whose name such Note was registered at the close of business on such record date. If any Note called for redemption or purchase is not so paid upon surrender for
redemption or purchase because of the failure of the Company to comply with the preceding paragraph, interest shall be paid on the unpaid principal, from the redemption or purchase date until such principal is paid, and to the extent lawful on any
interest not paid on such unpaid principal, in each case at the rate provided in the Notes and in Section 4.01 hereof. 
 Section 3.06 Notes
Redeemed or Purchased in Part. 
 Upon surrender of a Note that is redeemed or purchased in part, the Company will issue and, upon
receipt of an Authentication Order, the Trustee will authenticate for the Holder at the expense of the Company a new Note equal in principal amount to the unredeemed or unpurchased portion of the Note surrendered. 

Section 3.07 Optional Redemption. 

(a) At any time prior to June 15, 2018, the Company may on any one or more occasions redeem up to 40% of the aggregate principal amount
of Notes issued under this Indenture, upon not less than 30 nor more than 60 days’ notice, at a redemption price equal to 106.00% of the principal amount of the Notes redeemed, plus accrued and unpaid interest to the date of redemption (subject
to the rights of Holders of Notes on the relevant record date to receive interest on the relevant interest payment date), in an amount not to exceed the net proceeds from an Equity Offering by the Company; provided that: 

(1) at least 60% of the aggregate principal amount of Notes originally issued under this Indenture (excluding Notes held by the
Company and its Subsidiaries) remains outstanding immediately after the occurrence of such redemption; and 
 (2) the
redemption occurs within 90 days of the date of the closing of such Equity Offering. 
 (b) At any time prior to June 15, 2018, the
Company may on any one or more occasions redeem all or a part of the Notes, upon not less than 30 nor more than 60 days’ notice, at a redemption price equal to 100% of the principal amount of the Notes redeemed, plus the Applicable Premium as
of, and accrued and unpaid interest to the applicable date of redemption, subject to the rights of Holders on the relevant record date to receive interest due on the relevant interest payment date. 

(c) At any time prior to the maturity of the Notes, if at least 90% of the principal amount of the Notes have previously been repurchased and
cancelled in connection with a Change of Control Offer, the Company may redeem all of the remaining Notes, upon not less than 30 nor more than 60 days’ notice, at a redemption price equal to 101% of the principal amount of the Notes redeemed,
plus accrued and unpaid interest to the applicable date of redemption, subject to the rights of Holders of Notes on the relevant record date to receive interest due on the relevant interest payment date. 

  
 50 

 (d) Except pursuant to Sections 3.07(a), (b) and (c), the Notes will not be redeemable at
the Company’s option prior to June 15, 2018. 
 (e) On or after June 15, 2018, the Company may on any one or more occasions
redeem all or a part of the Notes, upon not less than 30 nor more than 60 days’ notice, at the redemption prices (expressed as percentages of principal amount) set forth below, plus accrued and unpaid interest on the Notes redeemed, to the
applicable date of redemption, if redeemed during the twelve-month period beginning on June 15 of the years indicated below, subject to the rights of Holders of Notes on the relevant record date to receive interest on the relevant interest
payment date: 
  

					
	 Year
	  	Percentage	 
	 2018
	  	 	104.500	% 
	 2019
	  	 	103.000	% 
	 2020
	  	 	101.500	% 
	 2021 and thereafter
	  	 	100.000	% 

 Unless the Company defaults in the payment of the redemption price, interest will cease to accrue on the Notes
or portions thereof called for redemption on the applicable redemption date. 
 (f) Any redemption pursuant to this Section 3.07 shall
be made pursuant to the provisions of Sections 3.01 through 3.06 hereof. 
 Section 3.08 Mandatory Redemption. 

The Company is not required to make mandatory redemption or sinking fund payments with respect to the Notes. 

Section 3.09 Offer to Purchase by Application of Excess Proceeds. 

In the event that, pursuant to Section 4.10 hereof, the Company is required to commence an offer to all Holders to purchase Notes (an
“Asset Sale Offer”), it will follow the procedures specified below. 
 The Asset Sale Offer shall be made to all Holders
and all holders of Parity Lien Debt containing provisions similar to those set forth in this Indenture with respect to offers to purchase, prepay or redeem with the proceeds of sales of assets. The Asset Sale Offer will remain open for a period of
at least 20 Business Days following its commencement and not more than 30 Business Days, except to the extent that a longer period is required by applicable law (the “Offer Period”). No later than three Business Days after the
termination of the Offer Period (the “Purchase Date”), the Company will apply all Excess Proceeds (the “Offer Amount”) to the purchase of Notes and such other Parity Lien Debt (on a pro rata basis based on
the principal amount of Notes and such other Parity Lien Debt surrendered, if applicable) or, if less than the Offer Amount has been tendered, all Notes and other Indebtedness tendered in response to the Asset Sale Offer. Payment for any Notes so
purchased will be made in the same manner as interest payments are made. 
 If the Purchase Date is on or after an interest record date and
on or before the related interest payment date, any accrued and unpaid interest will be paid to the Person in whose name a Note is registered at the close of business on such record date, and no additional interest will be payable to Holders who
tender Notes pursuant to the Asset Sale Offer. 
 Upon the commencement of an Asset Sale Offer, the Company will send a notice to each of
the Holders, with a copy to the Trustee. The notice will contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The notice, which will govern the terms of the Asset Sale Offer, will
state: 
 (1) that the Asset Sale Offer is being made pursuant to this Section 3.09 and Section 4.10 hereof and the
length of time the Asset Sale Offer will remain open; 

  
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 (2) the Offer Amount, the purchase price and the Purchase Date; 

(3) that any Note not tendered or accepted for payment will continue to accrue interest; 

(4) that, unless the Company defaults in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer
will cease to accrue interest after the Purchase Date; 
 (5) that Holders electing to have a Note purchased pursuant to an
Asset Sale Offer may elect to have Notes purchased in denominations of $2,000 or an integral multiple of $1,000 in excess thereof; 

(6) that Holders electing to have Notes purchased pursuant to any Asset Sale Offer will be required to surrender the Note, with
the form entitled “Option of Holder to Elect Purchase” attached to the Notes completed, or transfer by book-entry transfer, to the Company, a Depositary, if appointed by the Company, or a Paying Agent at the address specified in the notice
at least three days before the Purchase Date; 
 (7) that Holders will be entitled to withdraw their election if the Company,
the Depositary or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer Period, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the
Holder delivered for purchase and a statement that such Holder is withdrawing its election to have such Note purchased; 

(8) that, if the aggregate principal amount of Notes and other Parity Lien Debt surrendered by holders thereof exceeds the
Offer Amount, the Company will select the Notes and other Parity Lien Debt to be purchased on a pro rata basis based on the principal amount of Notes and such other Parity Lien Debt surrendered (with such adjustments as may be deemed
appropriate by the Company so that only Notes in denominations of $2,000, or an integral multiple of $1,000 in excess thereof, will be purchased); and 

(9) that Holders whose Notes were purchased only in part will be issued new Notes equal in principal amount to the unpurchased
portion of the Notes surrendered (or transferred by book-entry transfer). 
 On or before the Purchase Date, the Company will, to the extent
lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes or portions thereof tendered pursuant to the Asset Sale Offer, or if less than the Offer Amount has been tendered, all Notes tendered, and will
deliver or cause to be delivered to the Trustee the Notes properly accepted together with an Officers’ Certificate stating that such Notes or portions thereof were accepted for payment by the Company in accordance with the terms of this
Section 3.09. The Company, the Depositary or the Paying Agent, as the case may be, will promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price
of the Notes tendered by such Holder and accepted by the Company for purchase, and the Company will promptly issue a new Note, and the Trustee, upon written request from the Company, will authenticate and mail or deliver (or cause

  
 52 

 
to be transferred by book entry) such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or
delivered by the Company to the Holder thereof. The Company will publicly announce the results of the Asset Sale Offer on the Purchase Date. 

Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made pursuant to the
provisions of Sections 3.01 through 3.06 hereof. 
 ARTICLE 4 

COVENANTS 
 Section 4.01 Payment of
Notes. 
 The Company will pay or cause to be paid the principal of, premium on, if any, and interest on, the Notes on the dates and in
the manner provided in the Notes. Principal, premium, if any, and interest will be considered paid on the date due if the Paying Agent, if other than the Company or a Subsidiary thereof, holds as of 10:00 a.m. Eastern Time on the due date money
deposited by the Company in immediately available funds and designated for and sufficient to pay all principal, premium, if any, and interest, if any, then due. 

The Company will pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue principal at a rate
that is 1% higher than the then applicable interest rate on the Notes to the extent lawful; it will pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue installments of interest (without regard to any
applicable grace period), at the same rate to the extent lawful. 
 Section 4.02 Maintenance of Office or Agency. 

The Company will maintain in the Borough of Manhattan, the City of New York, an office or agency (which may be an office of the Trustee or an
affiliate of the Trustee, Registrar or co-registrar) where Notes may be surrendered for registration of transfer or for exchange and where notices and demands to or upon the Company in respect of the Notes and this Indenture may be served. The
Company will give prompt written notice to the Trustee of the location, and any change in the location, of such office or agency. If at any time the Company fails to maintain any such required office or agency or fails to furnish the Trustee with
the address thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office of the Trustee. 

The Company may also from time to time designate one or more other offices or agencies where the Notes may be presented or surrendered for any
or all such purposes and may from time to time rescind such designations; provided, however, that no such designation or rescission will in any manner relieve the Company of its obligation to maintain an office or agency in the Borough of
Manhattan, the City of New York for such purposes. The Company will give prompt written notice to the Trustee of any such designation or rescission and of any change in the location of any such other office or agency. 

The Company hereby designates the Corporate Trust Office of the Trustee as one such office or agency of the Company in accordance with
Section 2.03 hereof. 

  
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 Section 4.03 Reports. 

(a) Whether or not required by the rules and regulations of the SEC, so long as any Notes are outstanding, the Company will furnish to the
Holders of Notes or cause the Trustee to furnish to the Holders of Notes (or file with the SEC for public availability), within the time periods specified in the SEC’s rules and regulations: 

(1) all quarterly and annual reports that would be required to be filed with the SEC on Forms 10-Q and 10-K if the Company were
required to file such reports, including a “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and, with respect to the financial statements included in the annual report only, a report thereon by
the Company’s certified independent accountants; and 
 (2) all current reports that would be required to be filed with
the SEC on Form 8-K if the Company were required to file such reports. 
 All such reports will be prepared in all material respects in
accordance with all of the rules and regulations applicable to such reports. In addition, the Company will file a copy of each of the reports referred to in clauses (1) and (2) above with the SEC for public availability within the time
periods specified in the rules and regulations applicable to such reports (unless the SEC will not accept such a filing) and will post the reports on its website within those time periods. 

If, at any time, the Company is no longer subject to the periodic reporting requirements of the Exchange Act for any reason, the Company will
nevertheless continue filing the reports specified in the preceding paragraphs with the SEC within the time periods specified above unless the SEC will not accept such a filing. The Company will not take any action for the purpose of causing the SEC
not to accept any such filings. If, notwithstanding the foregoing, the SEC will not accept the Company’s filings for any reason, the Company will post the reports referred to in the preceding paragraphs on its website within the time periods
that would apply if the Company were required to file those reports with the SEC. 
 (b) If the Company has designated any of its
Subsidiaries as Unrestricted Subsidiaries, then the quarterly and annual financial information required by paragraph (a) of this Section 4.03 will include a reasonably detailed presentation, either on the face of the financial statements
or in the footnotes thereto, and in Management’s Discussion and Analysis of Financial Condition and Results of Operations, of the financial condition and results of operations of the Company and its Restricted Subsidiaries separate from the
financial condition and results of operations of the Unrestricted Subsidiaries of the Company. 
 (c) For so long as any Notes remain
outstanding, if at any time they are not required to file with the SEC the reports required by paragraphs (a) and (b) of this Section 4.03, the Company and the Guarantors will furnish to the Holders and to securities analysts and
prospective investors, upon their request, the information required to be delivered pursuant to Rule 144A(d)(4) under the Securities Act. The Company will be deemed to have provided such information to the holders, securities analysts and
prospective investors if it has filed reports containing such information with the SEC via the EDGAR filing system and such reports are publicly available. The Trustee will not be under any obligation to determine whether such reports have been
filed. 
 (d) To the extent any such information described in clauses (a) through (c) above is not so filed or furnished, as
applicable, within the time periods specified above and such information is subsequently filed or furnished, as applicable, the Company shall be deemed to have satisfied its obligations with respect thereto at such time and any default with respect
thereto shall be deemed to have been cured, unless the holders of at least 25% in principal amount of the then total outstanding Notes have declared the principal, premium, if any, interest and any other monetary obligations on all the then
outstanding Notes to be due and payable immediately and such declaration shall not have been rescinded or cancelled prior to such cure. 

(e) The delivery of such reports, information and documents to the Trustee is for informational purposes only and the Trustee’s receipt
of such shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including the Company’s compliance with any of its covenants hereunder (as to which the Trustee is
entitled to rely exclusively on Officers’ Certificates), nor shall the Trustee have any responsibility or liability for the content of any report required under this Section 4.03 or any other reports, information and documents required under
this Indenture (aside from any report that is expressly the responsibility of the Trustee subject to the terms hereof). 

  
 54 

 Section 4.04 Compliance Certificate. 

(a) The Company and each Guarantor (to the extent that such Guarantor is so required under the TIA) shall deliver to the Trustee, within 90
days after the end of each fiscal year, an Officers’ Certificate stating that a review of the activities of the Company and its Subsidiaries during the preceding fiscal year has been made under the supervision of the signing Officers with a
view to determining whether the Company has kept, observed, performed and fulfilled its obligations under this Indenture and the security documents, and further stating, as to each such Officer signing such certificate, that to the best of his or
her knowledge the Company has kept, observed, performed and fulfilled each and every covenant contained in this Indenture and the security documents and is not in default in the performance or observance of any of the terms, provisions and
conditions of this Indenture or the security documents (or, if a Default or Event of Default has occurred, describing all such Defaults or Events of Default of which he or she may have knowledge and what action the Company is taking or proposes to
take with respect thereto) and that to the best of his or her knowledge no event has occurred and remains in existence by reason of which payments on account of the principal of, premium on, if any, or interest on the Notes is prohibited or if such
event has occurred, a description of the event and what action the Company is taking or proposes to take with respect thereto. 
 (b) So
long as any of the Notes are outstanding, the Company will deliver to the Trustee, within five Business Days of any Officer becoming aware of any Default or Event of Default, an Officers’ Certificate specifying such Default or Event of Default
and what action the Company is taking or proposes to take with respect thereto, unless such Default or Event of Default has been cured before the end of such five Business Day period. 

Section 4.05 Taxes. 
 The Company
will pay, and will cause each of its Subsidiaries to pay, prior to delinquency, all material taxes, assessments, and governmental levies except such as are contested in good faith and by appropriate proceedings or where the failure to effect such
payment is not adverse in any material respect to the Holders of the Notes. 
 Section 4.06 Stay, Extension and Usury Laws. 

The Company and each of the Guarantors covenants (to the extent that it may lawfully do so) that it will not at any time insist upon, plead,
or in any manner whatsoever claim or take the benefit or advantage of, any stay, extension or usury law wherever enacted, now or at any time hereafter in force, that may affect the covenants or the performance of this Indenture; and the Company and
each of the Guarantors (to the extent that it may lawfully do so) hereby expressly waives all benefit or advantage of any such law, and covenants that it will not, by resort to any such law, hinder, delay or impede the execution of any power herein
granted to the Trustee, but will suffer and permit the execution of every such power as though no such law has been enacted. 

  
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 Section 4.07 Restricted Payments. 

(a) The Company will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly: 

(1) declare or pay any dividend or make any other payment or distribution on account of the Company’s or any of its
Restricted Subsidiaries’ Equity Interests (including, without limitation, any payment in connection with any merger or consolidation involving the Company or any of its Restricted Subsidiaries) or to the direct or indirect holders of the
Company’s or any of its Restricted Subsidiaries’ Equity Interests in their capacity as such (other than dividends or distributions payable in Equity Interests (other than Disqualified Stock) of the Company and other than dividends or
distributions payable to the Company or a Restricted Subsidiary of the Company); 
 (2) purchase, redeem or otherwise acquire
or retire for value (including, without limitation, in connection with any merger or consolidation involving the Company) any Equity Interests of the Company or any direct or indirect parent of the Company; 

(3) make any payment on or with respect to, or purchase, redeem, defease or otherwise acquire or retire for value any
Indebtedness of the Company or any Guarantor that is contractually subordinated to the Notes or to any Note Guarantee (excluding any intercompany Indebtedness between or among the Company and any of its Restricted Subsidiaries), other than
(i) a payment of interest or principal at the Stated Maturity thereof or (ii) the purchase, redemption or other acquisition of any such subordinated Indebtedness in anticipation of satisfying a scheduled maturity, sinking fund or
amortization or other installment obligation, in each case due within one year of the purchase, redemption or other acquisition; or 

(4) make any Restricted Investment; 

(all such payments and other actions set forth in these clauses (1) through (4) above being collectively referred to as “Restricted
Payments”), unless, at the time of and after giving effect to such Restricted Payment: 
 (1) no Default or Event of
Default has occurred and is continuing or would occur as a consequence of such Restricted Payment; 
 (2) the Company would,
at the time of such Restricted Payment and after giving pro forma effect thereto as if such Restricted Payment had been made at the beginning of the applicable four-quarter period, have been permitted to incur at least $1.00 of additional
Indebtedness pursuant to the Fixed Charge Coverage Ratio test set forth in Section 4.09(a) hereof; and 
 (3) such
Restricted Payment, together with the aggregate amount of all other Restricted Payments made by the Company and its Restricted Subsidiaries since the date of this Indenture (excluding Restricted Payments permitted by clauses (2) through
(13) of Section 4.07(b)), is less than the sum, without duplication, of: 
 (A) (i) the Consolidated EBITDA of the
Company minus (ii) 1.7 times the Fixed Charges of the Company, for the period (taken as one accounting period) from January 1, 2012 to the end of the Company’s most recently ended fiscal quarter for which internal financial statements
are available at the time of such Restricted Payment; plus 

  
 56 

 (B) 100% of the aggregate net cash proceeds and the Fair Market Value of assets
other than cash received by the Company since the date of this Indenture as a contribution to its common equity capital or from the issue or sale of Qualifying Equity Interests of the Company or from the issue or sale of convertible or exchangeable
Disqualified Stock of the Company or convertible or exchangeable debt securities of the Company, in each case that have been converted into or exchanged for Qualifying Equity Interests of the Company (other than Qualifying Equity Interests and
convertible or exchangeable Disqualified Stock or debt securities sold to a Subsidiary of the Company); plus 
 (C)
to the extent that any Restricted Investment that was made after the date of this Indenture is (a) sold for cash or otherwise cancelled, liquidated or repaid for cash, or (b) made in an entity that subsequently becomes a Restricted
Subsidiary of the Company, the initial amount of such Restricted Investment (or, if less, the amount of cash received upon repayment or sale); plus 

(D) to the extent that any Unrestricted Subsidiary of the Company designated as such after the date of this Indenture is
redesignated as a Restricted Subsidiary after the date of this Indenture, the lesser of (i) the Fair Market Value of the Company’s Restricted Investment in such Subsidiary as of the date of such redesignation or (ii) such Fair Market
Value as of the date on which such Subsidiary was originally designated as an Unrestricted Subsidiary after the date of this Indenture; plus 

(E) 100% of any dividends received in cash by the Company or a Restricted Subsidiary of the Company that is a Guarantor after
the date of this Indenture from an Unrestricted Subsidiary of the Company, to the extent that such dividends were not otherwise included in the Consolidated Net Income of the Company for such period. 

(b) The provisions of Section 4.07(a) hereof will not prohibit: 

(1) the payment of any dividend or the consummation of any irrevocable redemption within 60 days after the date of declaration
of the dividend or giving of the redemption notice, as the case may be, if at the date of declaration or notice, the dividend or redemption payment would have complied with the provisions of this Indenture; 

(2) the making of any Restricted Payment in exchange for, or out of or with the net cash proceeds of the substantially
concurrent sale (other than to a Subsidiary of the Company) of, Equity Interests of the Company (other than Disqualified Stock) or from the substantially concurrent contribution of common equity capital to the Company; provided that the
amount of any such net cash proceeds that are utilized for any such Restricted Payment will not be considered to be net proceeds of Qualifying Equity Interests for purposes of Section 4.07(a)(3)(B); 

(3) the payment of any dividend (or, in the case of any partnership or limited liability company, any similar distribution) by
a Restricted Subsidiary of the Company to the holders of its Equity Interests on a pro rata basis or on a basis more favorable to the Company or a Restricted Subsidiary; 

(4) the repurchase, redemption, defeasance or other acquisition or retirement for value of Indebtedness of the Company or any
Guarantor that is contractually subordinated to the Notes or to any Note Guarantee with the net cash proceeds from a substantially concurrent incurrence of Permitted Refinancing Indebtedness; 

  
 57 

 (5) so long as no Default or Event of Default has occurred and is continuing, the
repurchase, redemption or other acquisition or retirement for value of any Equity Interests of the Company or any Restricted Subsidiary of the Company held by any then-current or former officer, director, employee or consultant of the Company or any
of its Restricted Subsidiaries pursuant to any equity subscription agreement, stock option agreement, shareholders’ agreement, employment agreement, severance agreement, stock option plan, other benefit plan or similar agreement or arrangement;
provided that the aggregate price paid for all such repurchased, redeemed, acquired or retired Equity Interests may not exceed $3.0 million in any calendar year (with up to $5.0 million of any unused amounts in a calendar year being carried over to
the next succeeding calendar year); provided, further, that such amount in any calendar year may be increased by an amount not to exceed: 

(a) the cash proceeds from the sale of Qualifying Equity Interests of the Company and, to the extent contributed to the
Company as common equity capital, the cash proceeds from the sale of Qualifying Equity Interests of any of the Company’s direct or indirect parent companies, in each case to officers, directors, employees or consultants of the Company, any of
its Subsidiaries or any of its direct or indirect parent companies that occurs after the date of this Indenture to the extent the cash proceeds from the sale of Qualifying Equity Interests have not otherwise been applied to the making of Restricted
Payments pursuant to Section 4.07(a)(3) or Section 4.07(b)(2); plus 
 (b) the cash proceeds of key man
life insurance policies received by the Company or its Restricted Subsidiaries after the date of this Indenture; and 
 in addition,
cancellation of Indebtedness owing to the Company from any current or former officer, director or employee (or any permitted transferees thereof) of the Company or any of its Restricted Subsidiaries (or any direct or indirect parent company
thereof), in connection with a repurchase of Equity Interests of the Company from such Persons will not be deemed to constitute a Restricted Payment for purposes of this Section 4.07 or any other provisions of this Indenture; 

(6) the repurchase of Equity Interests deemed to occur (i) upon the exercise of stock options to the extent such Equity
Interests represent a portion of the exercise price of those stock options or (ii) in connection with the withholding of a portion of the Equity Interests granted or awarded to a director or an employee to pay for the taxes payable by such
director or employee upon such grant or award or the vesting of such grant or award; 
 (7) so long as no Default or Event of
Default has occurred and is continuing, the declaration and payment of regularly scheduled or accrued dividends to holders of any class or series of Disqualified Stock of the Company or any preferred stock of any Restricted Subsidiary of the Company
issued on or after the date of this Indenture in accordance with the Fixed Charge Coverage Ratio test described in Section 4.09(a) hereof, to the extent such dividends are included in the definition of “Fixed Charges”; 

(8) so long as no Default or Event of Default has occurred and is continuing, the declaration and payment of dividends on the
Company’s common Equity Interests in an amount in any calendar year not in excess of 6.0% of the Net Cash Proceeds received by the Company in the Equity Offering of 4,600,000 shares of its common stock, par value $0.03 per share, consummated on
April 11, 2012; 

  
 58 

 (9) payments of cash, dividends, distributions, advances or other Restricted
Payments by the Company or any of its Restricted Subsidiaries to allow the payment of cash in lieu of the issuance of fractional shares upon the exercise of options or warrants or other securities convertible into or exchangeable for Capital Stock
of any such Person; 
 (10) the repurchase, redemption or other acquisition or retirement for value pursuant to provisions
substantially similar to those described in Section 4.15 or Section 4.10 of any Indebtedness that is contractually subordinated in right of payment to the Notes; provided that the Company shall have a made a Change of Control Offer
or Asset Sale Offer, as applicable, to purchase the Notes on the terms provided in this Indenture applicable to a Change of Control Offer or Asset Sale Offer, respectively, and all Notes validly tendered by Holders of the Notes in such Change of
Control Offer or Asset Sale Offer, as applicable, have been repurchased, redeemed, acquired or retired for value; 
 (11)
payments or distributions, in the nature of satisfaction of dissenters’ rights, pursuant to or in connection with a consolidation, merger or transfer of assets that complies with the provisions of this Indenture applicable to mergers,
consolidations and transfers of all or substantially all the property and assets of the Company; 
 (12) the purchase,
redemption, acquisition, cancellation or other retirement for a nominal value per right of any rights granted to all the holders of Capital Stock of the Company pursuant to any shareholders’ rights plan adopted for the purpose of protecting
shareholders from unfair takeover practices; provided that any such purchase, redemption, acquisition, cancellation or other retirement of such rights shall not be for the purpose of evading the limitations of this covenant (as determined in
good faith by the Board of Directors of the Company); and 
 (13) so long as no Default or Event of Default has occurred and
is continuing, other Restricted Payments in an aggregate amount since the date of this Indenture not to exceed $50.0 million minus the amount of any Investments made pursuant to clause (16) of the definition of “Permitted
Investments”. 
 (c) The amount of all Restricted Payments (other than cash) will be the Fair Market Value on the date of the
Restricted Payment of the asset(s) or securities proposed to be transferred or issued by the Company or such Restricted Subsidiary, as the case may be, pursuant to the Restricted Payment. The Fair Market Value of any assets or securities that are
required to be valued by this Section 4.07 will be determined by the Board of Directors of the Company whose resolution with respect thereto will be delivered to the Trustee. 

Section 4.08 Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries. 

(a) The Company will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, create or permit to exist or
become effective any consensual encumbrance or restriction on the ability of any Restricted Subsidiary to: 
 (1) pay
dividends or make any other distributions on its Capital Stock to the Company or any of its Restricted Subsidiaries or with respect to any other interest or participation in, or measured by, its profits, or pay any indebtedness owed to the Company
or any of its Restricted Subsidiaries; 

  
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 (2) make loans or advances to the Company or any of its Restricted Subsidiaries;
or 
 (3) sell, lease or transfer any of its properties or assets to the Company or any of its Restricted Subsidiaries. 

(b) The restrictions in Section 4.08(a) hereof will not apply to encumbrances or restrictions existing under or by reason of: 

(1) agreements governing Existing Indebtedness and Credit Facilities as in effect on the date of this Indenture and any
amendments, restatements, modifications, renewals, supplements, refundings, replacements or refinancings of those agreements; provided that the amendments, restatements, modifications, renewals, supplements, refundings, replacements or
refinancings are not materially more restrictive, taken as a whole, with respect to such dividend and other payment restrictions than those contained in those agreements on the date of this Indenture; 

(2) this Indenture, the Notes, the Note Guarantees, and the security documents; 

(3) agreements governing other Indebtedness permitted to be incurred under Section 4.09 hereof and any amendments,
restatements, modifications, renewals, supplements, refundings, replacements or refinancings of those agreements; provided that the restrictions therein are not materially more restrictive, taken as a whole, than those contained in this
Indenture, the Notes and the Note Guarantees; 
 (4) applicable law, rule, regulation or order; 

(5) any instrument governing Indebtedness or Capital Stock of a Person acquired by the Company or any of its Restricted
Subsidiaries as in effect at the time of such acquisition (except to the extent such Indebtedness or Capital Stock was incurred in connection with or in contemplation of such acquisition), which encumbrance or restriction is not applicable to any
Person, or the properties or assets of any Person, other than the Person, or the property or assets of the Person, so acquired and any amendments, restatements, modifications, renewals, supplements, refundings, replacement or refinancings of those
agreements; provided that the encumbrances or restrictions contained in any such amendments, restatements, modifications, renewals, supplements, refundings, replacements or refinancings are not materially more restrictive, taken as a whole,
with respect to such dividend and other payment restrictions than those contained in those agreements; provided further that, in the case of Indebtedness, such Indebtedness was permitted by the terms of this Indenture to be incurred;; 

(6) customary non-assignment provisions in contracts and licenses entered into in the ordinary course of business; 

(7) purchase money obligations for property acquired in the ordinary course of business and Capital Lease Obligations that
impose restrictions on the property purchased or leased of the nature described in clause (3) of Section 4.08(a) hereof; 

(8) any agreement for the sale or other disposition of a Restricted Subsidiary or all or substantially all of the assets
thereof that restricts distributions by that Restricted Subsidiary pending such sale or other disposition; 

  
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 (9) Permitted Refinancing Indebtedness; provided that the restrictions
contained in the agreements governing such Permitted Refinancing Indebtedness are not materially more restrictive, taken as a whole, than those contained in the agreements governing the Indebtedness being refinanced; 

(10) Liens permitted to be incurred under the provisions of Section 4.12 hereof that limit the right of the debtor to
dispose of the assets subject to such Liens; 
 (11) customary provisions limiting the disposition or distribution of assets
or property in joint venture agreements, asset sale agreements, sale-leaseback agreements, stock sale agreements, licenses, sub-licenses, subleases, leases and other similar agreements (including agreements entered into in connection with a
Restricted Investment), which limitation is applicable only to the assets that are the subject of such agreements; and 

(12) restrictions on cash or other deposits or net worth imposed by customers under contracts entered into in the ordinary
course of business; 
 (13) restrictions under customary provisions in partnership agreements, limited liability company
organizational or governance documents, joint venture agreements, corporate charters, stockholders’ agreements and other similar agreements and documents on the transfer of ownership interests in such partnership, limited liability company,
joint venture or similar Person; and 
 (14) contracts for sales of assets permitted by the provisions described in
Section 4.10 with respect to the assets to be sold pursuant to such contracts. 
 Section 4.09 Incurrence of Indebtedness and Issuance of
Preferred Stock. 
 (a) The Company will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, create,
incur, issue, assume, guarantee or otherwise become directly or indirectly liable, contingently or otherwise, with respect to (collectively, “incur”) any Indebtedness (including Acquired Debt), and the Company will not issue any
Disqualified Stock and will not permit any of its Restricted Subsidiaries to issue any shares of preferred stock; provided, however, that the Company may incur Indebtedness (including Acquired Debt) or issue Disqualified Stock, and the
Guarantors may incur Indebtedness (including Acquired Debt) or issue preferred stock, if the Fixed Charge Coverage Ratio for the Company’s most recently ended four full fiscal quarters for which internal financial statements are available
immediately preceding the date on which such additional Indebtedness is incurred or such Disqualified Stock or such preferred stock is issued, as the case may be, would have been at least 2.00 to 1.00, determined on a pro forma basis (including a
pro forma application of the net proceeds therefrom), as if the additional Indebtedness had been incurred or the Disqualified Stock or the preferred stock had been issued, as the case may be, and the net proceeds therefrom applied, at the beginning
of such four-quarter period. 
 (b) The provisions of Section 4.09(a) hereof will not prohibit the incurrence of any of the following:

 (1) the incurrence by the Company or any of its Restricted Subsidiaries of additional Indebtedness and letters of credit
under Credit Facilities in an aggregate principal amount at any one time outstanding under this clause (1)(with letters of credit being deemed to have a principal amount equal to the maximum potential liability of the Company and its Restricted
Subsidiaries thereunder) not to exceed (a) the greater of (i) $50.0 million and (ii) 10.0% of Consolidated Net 

  
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Tangible Assets, less (b) the aggregate amount of all Net Proceeds of Asset Sales applied by the Company or any of its Restricted Subsidiaries since the date of this Indenture to
repay any term Indebtedness under a Credit Facility or to repay any revolving credit Indebtedness under a Credit Facility and effect a corresponding commitment reduction thereunder pursuant to Section 4.10(b)(1); 

(2) the incurrence by the Company and its Restricted Subsidiaries of the Existing Indebtedness; 

(3) the incurrence by the Company and the Guarantors of Indebtedness represented by the Notes and the related Note Guarantees
to be issued on the date of this Indenture; 
 (4) the incurrence by the Company or any of its Restricted Subsidiaries of
Indebtedness represented by Capital Lease Obligations, mortgage financings or purchase money obligations, in each case, incurred for the purpose of financing all or any part of the purchase price or cost of design, construction, installation or
improvement of property, plant or equipment used in the business of the Company or any of its Restricted Subsidiaries, in an aggregate principal amount, including all Permitted Refinancing Indebtedness incurred to renew, refund, refinance, replace,
defease or discharge any Indebtedness incurred pursuant to this clause (4), not to exceed the greater of (a) $100.0 million and (b) 12.5% of Consolidated Net Tangible Assets of the Company (measured as of the date of the applicable
incurrence) at any time outstanding; 
 (5) the incurrence by the Company or any of its Restricted Subsidiaries of
Attributable Debt in respect of (a) Sale/Leaseback Transactions or (b) Construction Indebtedness and Permitted Refinancing Indebtedness incurred in respect thereof, in an aggregate principal amount not to exceed $75.0 million; 

(6) the incurrence by the Company or any of its Restricted Subsidiaries of Permitted Refinancing Indebtedness in exchange for,
or the net proceeds of which are used to renew, refund, refinance, replace, defease or discharge any Indebtedness (other than intercompany Indebtedness) that was permitted by this Indenture to be incurred under the first paragraph of this covenant
or clauses (2), (3), (4), (6), (13) or (20) of this Section 4.09(b); 
 (7) the incurrence by the Company or
any of its Restricted Subsidiaries of intercompany Indebtedness between or among the Company and any of its Restricted Subsidiaries; provided, however, that: 

(A) if the Company or any Guarantor is the obligor on such Indebtedness and the payee is not the Company or a Guarantor, such
Indebtedness must be unsecured and expressly subordinated to the prior payment in full in cash of all Obligations then due with respect to the Notes, in the case of the Company, or the Note Guarantee, in the case of a Guarantor; and 

(B) (1) any subsequent issuance or transfer of Equity Interests that results in any such Indebtedness being held by a
Person other than the Company or a Restricted Subsidiary of the Company and (2) any sale or other transfer of any such Indebtedness to a Person that is not either the Company or a Restricted Subsidiary of the Company, 

will be deemed, in each case, to constitute an incurrence of such Indebtedness by the Company or such Restricted Subsidiary, as the case may
be, that was not permitted by this clause (7); 

  
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 (8) the issuance by any of the Company’s Restricted Subsidiaries to the
Company or to any of its Restricted Subsidiaries of shares of preferred stock; provided, however, that: 
 (A) any
subsequent issuance or transfer of Equity Interests that results in any such preferred stock being held by a Person other than the Company or a Restricted Subsidiary of the Company; and 

(B) any sale or other transfer of any such preferred stock to a Person that is not either the Company or a Restricted
Subsidiary of the Company, 
 will be deemed, in each case, to constitute an issuance of such preferred stock by such Restricted Subsidiary
that was not permitted by this clause (8); 
 (9) the incurrence by the Company or any of its Restricted Subsidiaries of
Hedging Obligations (excluding Hedging Obligations entered into for speculative purposes); 
 (10) the guarantee by the
Company or any of the Guarantors of Indebtedness of the Company or a Restricted Subsidiary of the Company to the extent that the guaranteed Indebtedness was permitted to be incurred by another provision of this Section 4.09; provided
that if the Indebtedness being guaranteed is subordinated to or pari passu with the Notes, then the Guarantee must be subordinated or pari passu, as applicable, to the same extent as the Indebtedness guaranteed; 

(11) the incurrence by the Company or any of its Restricted Subsidiaries of Indebtedness in respect of workers’
compensation claims, self-insurance obligations, bankers’ acceptances, or performance, surety, statutory or appeal bonds in the ordinary course of business; 

(12) the incurrence by the Company or any of its Restricted Subsidiaries of Indebtedness arising from the honoring by a bank or
other financial institution of a check, draft or similar instrument inadvertently drawn against insufficient funds, so long as such Indebtedness is covered within five Business Days; 

(13) the incurrence by the Company or any of its Restricted Subsidiaries of Acquired Debt (other than Acquired Debt incurred in
connection with, or to provide all or any portion of the funds or credit support utilized to consummate the transaction or series of transactions which results in the incurrence by the Company or a Restricted Subsidiary of Acquired Debt);
provided that on the date of such incurrence of Acquired Debt and after giving pro forma effect thereto, either (a) the Company would have been able to incur at least $1.00 of additional Indebtedness pursuant to the Fixed Charge Coverage
Ratio test set forth in Section 4.09(a) or (b) the Fixed Charge Coverage Ratio for the Company would be equal to or greater than the Fixed Charge Coverage Ratio for the Company immediately prior to such transaction or series of
transactions); 
 (14) the incurrence by the Company or any of its Restricted Subsidiaries of Indebtedness owed on a
short-term basis of no longer than 30 days to banks and other financial institutions incurred in the ordinary course of business with such banks and financial institutions that arises in connection with ordinary banking arrangements to manage cash
balances of the Company and its Restricted Subsidiaries; 
 (15) the incurrence by the Company or any of its Restricted
Subsidiaries of Indebtedness consisting of (a) the financing of insurance premiums or (b) take-or-pay obligations contained in supply arrangements, in each case, incurred in the ordinary course of business; 

  
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 (16) the incurrence by the Company or any of its Restricted Subsidiaries of
Indebtedness representing deferred compensation to employees of the Company and its Restricted Subsidiaries incurred in the ordinary course of business; 

(17) the incurrence by the Company or any of its Restricted Subsidiaries of Indebtedness in respect of any bankers’
acceptance, bank guarantees, letter of credit, warehouse receipt or similar facilities, and reinvestment obligations related thereto, incurred in the ordinary course of business; 

(18) the incurrence by the Company or any of its Restricted Subsidiaries of Guarantees incurred in the ordinary course of
business in respect of obligations of (or to) suppliers, customers, franchisees, lessors and licensees that, in each case, are not Affiliates of the Company or any of its Restricted Subsidiaries; 

(19) the incurrence by the Company or any of its Restricted Subsidiaries of Indebtedness incurred by the Company or any
Restricted Subsidiary of the Company to the extent that the net proceeds thereof are promptly deposited to defease, redeem or to satisfy and discharge the Notes; and 

(20) the incurrence by the Company or any Guarantor of Indebtedness in an aggregate principal amount (or accreted value, as
applicable) at any time outstanding, including all Permitted Refinancing Indebtedness incurred to renew, refund, refinance, replace, defease or discharge any Indebtedness incurred pursuant to this clause (20), not to exceed the greater of
(a) $50.0 million and (b) 7.5% of Consolidated Net Tangible Assets (determined as of the date of the applicable incurrence pursuant to this clause (20)), 

(the items of Indebtedness and, in the case of clause (8), preferred stock, specified in clauses (1)-(20) above are collectively referred to as
“Permitted Debt”). 
 The Company will not incur, and will not permit any Guarantor to incur, any Indebtedness (including
Permitted Debt) that is contractually subordinated in right of payment to any other Indebtedness of the Company or such Guarantor unless such Indebtedness is also contractually subordinated in right of payment to the Notes and the applicable Note
Guarantee on substantially identical terms; provided, however, that no Indebtedness will be deemed to be contractually subordinated in right of payment to any other Indebtedness of the Company solely by virtue of being unsecured or by virtue
of being secured on a junior priority basis. 
 For purposes of determining compliance with this Section 4.09, in the event that an
item of Indebtedness meets the criteria of more than one of the categories of Permitted Debt described in clauses (1) through (20) above, or is entitled to be incurred pursuant to Section 4.09(a) hereof, the Company will be permitted
to classify such item of Indebtedness on the date of its incurrence, or later reclassify all or a portion of such item of Indebtedness, in any manner that complies with this Section 4.09. Indebtedness (other than the Notes and the Note
Guarantees) under Credit Facilities outstanding on the date on which Notes are first issued and authenticated under this Indenture will initially be deemed to have been incurred on such date in reliance on the exception provided by clause
(1) of the definition of Permitted Debt. The accrual of interest or preferred stock dividends, the accretion or amortization of original issue discount, the payment of interest on any Indebtedness in the form of additional Indebtedness with the
same terms, the reclassification of preferred stock as Indebtedness due to a change in accounting principles and the payment of dividends on preferred stock or Disqualified Stock in the form of additional shares of the same class of preferred stock
or Disqualified Stock will not be deemed to be an incurrence of Indebtedness or an issuance of preferred stock or Disqualified Stock for purposes of this Section 4.09; 

  
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provided, in each such case, that the amount thereof is included in Fixed Charges of the Company as accrued. For purposes of determining compliance with any U.S. dollar-denominated
restriction on the incurrence of Indebtedness, the U.S. dollar-equivalent principal amount of Indebtedness denominated in a foreign currency shall be utilized, calculated based on the relevant currency exchange rate in effect on the date such
Indebtedness was incurred. Notwithstanding any other provision of this Section 4.09, the maximum amount of Indebtedness that the Company or any Restricted Subsidiary may incur pursuant to this Section 4.09 shall not be deemed to be
exceeded solely as a result of fluctuations in exchange rates or currency values. 
 The amount of any Indebtedness outstanding as of any
date will be: 
 (1) the accreted value of the Indebtedness, in the case of any Indebtedness issued with original issue
discount; 
 (2) the principal amount of the Indebtedness, in the case of any other Indebtedness; and 

(3) in respect of Indebtedness of another Person secured by a Lien on the assets of the specified Person, the lesser of: 

(A) the Fair Market Value of such assets at the date of determination; and 

(B) the amount of the Indebtedness of the other Person. 

Section 4.10 Asset Sales. 
 (a) The
Company will not, and will not permit any of its Restricted Subsidiaries to, consummate an Asset Sale unless: 
 (1) the
Company (or the Restricted Subsidiary, as the case may be) receives consideration at the time of the Asset Sale at least equal to the Fair Market Value (measured as of the date of the definitive agreement with respect to such Asset Sale) of the
assets or Equity Interests issued or sold or otherwise disposed of; and 
 (2) at least 75% of the consideration received in
the Asset Sale by the Company or such Restricted Subsidiary is in the form of cash or Cash Equivalents. For purposes of this provision, each of the following will be deemed to be cash: 

(A) any liabilities, as shown on the Company’s most recent consolidated balance sheet, of the Company or any Restricted
Subsidiary (other than contingent liabilities and liabilities that are by their terms subordinated to the Notes or any Note Guarantee) that are assumed by the transferee of any such assets pursuant to an agreement that releases the Company or such
Restricted Subsidiary from or indemnifies against further liability; 
 (B) any securities, notes or other obligations
received by the Company or any such Restricted Subsidiary from such transferee that are contemporaneously, subject to ordinary settlement periods, converted by the Company or such Restricted Subsidiary into cash, to the extent of the cash received
in that conversion; 

  
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 (C) any stock or assets of the kind referred to in clauses (3) or
(5) of Section 4.10(b); and 
 (D) any Designated Non-cash Consideration received by the Company or any of its
Restricted Subsidiaries in such Asset Sale having an aggregate Fair Market Value, taken together with all other Designated Non-cash Consideration received pursuant to this clause (d) that is at that time outstanding, not to exceed $20.0 million
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. 

(b) Within 365 days after the receipt of any Net Proceeds from an Asset Sale, the Company (or the applicable Restricted Subsidiary, as the
case may be) may apply such Net Proceeds: 
 (1) to repay Priority Lien Debt and, if the Priority Lien Debt repaid is
revolving credit Indebtedness, to correspondingly reduce commitments with respect thereto; 
 (2) to repay Parity Lien Debt
other than the Notes and, if the Parity Lien Debt repaid is revolving credit Indebtedness, to correspondingly reduce commitments with respect thereto; provided that a pro rata amount is applied to repay the Notes or offer to repay the Notes
pursuant to Section 3.07 or Section 4.10(c); 
 (3) to acquire (including by way of a stock purchase, asset
purchase, merger, consolidation or otherwise) all or substantially all of the assets of, or any Capital Stock of, another Permitted Business, if, after giving effect to any such acquisition of Capital Stock, the Permitted Business is or becomes a
Restricted Subsidiary of the Company; provided that to the extent the applicable Asset Sale constitutes a disposition of Collateral, the assets acquired must constitute Collateral and/or such Permitted Business must be or become a Guarantor;

 (4) to make a capital expenditure; provided that to the extent the applicable Asset Sale constitutes a disposition
of Collateral, such capital expenditure must be or be made with respect to assets that constitute Collateral; 
 (5) to
acquire other assets that are not classified as current assets under GAAP and that are used or useful in a Permitted Business; provided that to the extent the applicable Asset Sale constitutes a disposition of Collateral, such assets must
constitute Collateral; or 
 (6) any combination of the foregoing clauses (1)-(5), 

provided that the Company will be deemed to have complied with the provisions described in clauses (3), (4) or (5) of this paragraph if and
to the extent that, within 450 days after the Asset Sale that generated the Net Proceeds, the Company or a Restricted Subsidiary has entered into (and not terminated, abandoned or rejected) a binding agreement to apply Net Proceeds in compliance
with the provisions described in clauses (3), (4) or (5) of Section 4.10(b), and that such Net Proceeds are so applied within 180 days after the end of such 450-day period. 

Pending the final application of any Net Proceeds, the Company (or the applicable Restricted Subsidiary) may temporarily reduce revolving
credit borrowings or otherwise invest the Net Proceeds in any manner that is not prohibited by this Indenture. 

  
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 (c) Any Net Proceeds from Asset Sales that are not applied or invested as provided in the 4.10(b)
hereof, or that the Company designates as such pursuant to an Officers’ Certificate delivered to the Trustee, will constitute “Excess Proceeds” as of the date of such designation or the expiration of the applicable time period
for such application or investment of the Net Proceeds as provided in Section 4.10(b). If at any time the aggregate amount of Excess Proceeds exceeds $20.0 million, within 30 days thereof, the Company will make an offer (an “Asset Sale
Offer”) to all Holders of Notes and all holders of other Parity Lien Debt containing provisions similar to those set forth in this Indenture with respect to offers to purchase, prepay or redeem with the proceeds of sales of assets to
purchase, prepay or redeem the maximum principal amount of Notes and such other Parity Lien Debt (plus all accrued interest on the Indebtedness and the amount of all fees and expenses, including premiums, incurred in connection therewith) that may
be purchased, prepaid or redeemed out of the Excess Proceeds. The offer price in any Asset Sale Offer will be equal to 100% of the principal amount, plus accrued and unpaid interest to the date of purchase, prepayment or redemption, subject to the
rights of Holders of Notes on the relevant record date to receive interest due on the relevant interest payment date, and will be payable in cash. If any Excess Proceeds remain after consummation of an Asset Sale Offer, the Company may use those
Excess Proceeds for any purpose not otherwise prohibited by this Indenture. If the aggregate principal amount of Notes and other Parity Lien Debt tendered in (or required to be prepaid or redeemed in connection with) such Asset Sale Offer exceeds
the amount of Excess Proceeds, the Trustee will select the Notes and such other Parity Lien Debt to be purchased on a pro rata basis, based on the amounts tendered or required to be prepaid or redeemed (with such adjustments as may be deemed
appropriate by the Company so that only Notes in denominations of $2,000, or an integral multiple of $1,000 in excess thereof, will be purchased). Upon completion of each Asset Sale Offer, the amount of Excess Proceeds will be reset at zero. 

(d) The Company will comply with the requirements of Rule 14e-1 under the Exchange Act and any other securities laws and regulations
thereunder to the extent those laws and regulations are applicable in connection with each repurchase of Notes pursuant to an Asset Sale Offer. To the extent that the provisions of any securities laws or regulations conflict with the provisions of
Section 3.09 hereof or this Section 4.10, the Company will comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations under Section 3.09 hereof or this Section 4.10 by
virtue of such compliance. 
 Section 4.11 Transactions with Affiliates. 

(a) The Company will not, and will not permit any of its Restricted Subsidiaries to, make any payment to or sell, lease, transfer or otherwise
dispose of any of its properties or assets to, or purchase any property or assets from, or enter into or make or amend any transaction, contract, agreement, understanding, loan, advance or guarantee with, or for the benefit of, any Affiliate of the
Company (each, an “Affiliate Transaction”) involving aggregate payments or consideration in excess of $2.0 million, unless: 

(1) the Affiliate Transaction is on terms that are no less favorable, taken as a whole, to the Company or the relevant
Restricted Subsidiary than those that would have been obtained in a comparable transaction by the Company or such Restricted Subsidiary with an unrelated Person; and 

(2) the Company delivers to the Trustee: 

(A) with respect to any Affiliate Transaction or series of related Affiliate Transactions involving aggregate consideration in
excess of $10.0 million, a resolution of the Board of Directors of the Company set forth in an Officers’ Certificate certifying that such Affiliate Transaction complies with Section 4.11(a) and that such Affiliate Transaction has been
approved by the Board of Directors of the Company; and 
 (B) with respect to any Affiliate Transaction or series of related
Affiliate Transactions involving aggregate consideration in excess of $25.0 million, either (i) a resolution of the Board of Directors of the Company set forth in an Officers’ Certificate certifying that such Affiliate Transaction complies
with this covenant and that such Affiliate Transaction has been approved by a majority of the disinterested members of the Board of Directors of the Company or (ii) an opinion as to the fairness to the Company or such Subsidiary of such
Affiliate Transaction from a financial point of view issued by an accounting, appraisal or investment banking firm of national standing. 

  
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 (b) The following items will not be deemed to be Affiliate Transactions and, therefore, will not
be subject to the provisions of Section 4.11(a) hereof: 
 (1) any employment or compensation agreement or arrangement,
employee benefit plan, officer or director indemnification agreement or any similar arrangement entered into by the Company or any of its Restricted Subsidiaries in the ordinary course of business and payments pursuant thereto; 

(2) transactions between or among the Company and/or its Restricted Subsidiaries; 

(3) transactions with a Person (other than an Unrestricted Subsidiary of the Company) that is an Affiliate of the Company
solely because the Company owns, directly or through a Restricted Subsidiary, an Equity Interest in, or controls, such Person; 

(4) payment of reasonable and customary fees and reimbursements of expenses (pursuant to indemnity arrangements or otherwise)
of officers, directors, employees or consultants of the Company or any of its Restricted Subsidiaries; 
 (5) any issuance of
Equity Interests (other than Disqualified Stock) of the Company to Affiliates of the Company; 
 (6) Permitted Investments or
Restricted Payments that do not violate Section 4.07 hereof; 
 (7) loans or advances to employees in the ordinary
course of business not to exceed $1.0 million in the aggregate at any one time outstanding; and 
 (8) payments to an
Affiliate in respect of Capital Stock or the Notes or any other Indebtedness of the Issuer or any Restricted Subsidiary on the same basis (or a less favorable basis) as concurrent payments made or offered to be made in respect thereof to
non-Affiliates. 
 Section 4.12 Liens. 

The Company will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, create, incur, assume or suffer to
exist any Lien of any kind securing Indebtedness, Attributable Debt or trade payables on any asset now owned or hereafter acquired, except Permitted Liens. 

  
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 Section 4.13 Business Activities. 

The Company will not, and will not permit any of its Restricted Subsidiaries to, engage in any business other than Permitted Businesses,
except to such extent as would not be material to the Company and its Restricted Subsidiaries taken as a whole. 
 Section 4.14 Corporate
Existence. 
 Subject to Article 5 hereof, the Company shall do or cause to be done all things necessary to preserve and keep in full
force and effect: 
 (1) its corporate existence, and the corporate, partnership or other existence of each of its
Subsidiaries, in accordance with the respective organizational documents (as the same may be amended from time to time) of the Company or any such Subsidiary; and 

(2) the rights (charter and statutory), licenses and franchises of the Company and its Subsidiaries; provided, however,
that the Company shall not be required to preserve any such right, license or franchise, or the corporate, partnership or other existence of any of its Subsidiaries, if the Board of Directors of the Company shall determine that the preservation
thereof is no longer desirable in the conduct of the business of the Company and its Subsidiaries, taken as a whole, and that the loss thereof is not adverse in any material respect to the Holders of the Notes. 

Section 4.15 Offer to Repurchase Upon Change of Control. 

(a) Upon the occurrence of a Change of Control, the Company will make an offer (a “Change of Control Offer”) to each Holder
to repurchase all or any part (equal to $2,000 or an integral multiple of $1,000 in excess thereof) of that Holder’s Notes at a purchase price in cash equal to 101% of the aggregate principal amount of Notes repurchased, plus accrued and unpaid
interest on the Notes repurchased to the date of purchase, subject to the rights of Holders of Notes on the relevant record date to receive interest due on the relevant interest payment date (the “Change of Control Payment”). Within
30 days following any Change of Control, the Company will mail a notice to each Holder describing the transaction or transactions that constitute the Change of Control and stating: 

(1) that the Change of Control Offer is being made pursuant to this Section 4.15 and that all Notes tendered will be
accepted for payment; 
 (2) the purchase price and the purchase date, which shall be no earlier than 30 days and no later
than 60 days from the date such notice is mailed (the “Change of Control Payment Date”); 
 (3) that any
Note not tendered will continue to accrue interest; 
 (4) that, unless the Company defaults in the payment of the Change of
Control Payment, all Notes accepted for payment pursuant to the Change of Control Offer will cease to accrue interest after the Change of Control Payment Date; 

(5) that Holders electing to have any Notes purchased pursuant to a Change of Control Offer will be required to surrender the
Notes, with the form entitled “Option of Holder to Elect Purchase” attached to the Notes completed, or transfer by book-entry transfer, to the Paying Agent at the address specified in the notice prior to the close of business on the third
Business Day preceding the Change of Control Payment Date; 

  
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 (6) that Holders will be entitled to withdraw their election if the Paying Agent
receives, not later than the close of business on the second Business Day preceding the Change of Control Payment Date, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount of Notes delivered
for purchase, and a statement that such Holder is withdrawing his election to have the Notes purchased; and 
 (7) that
Holders whose Notes are being purchased only in part will be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered, which unpurchased portion must be equal to $2,000 in principal amount or an integral
multiple of $1,000 in excess thereof. 
 The Company will comply with the requirements of Rule 14e-1 under the Exchange Act and any other
securities laws and regulations thereunder to the extent those laws and regulations are applicable in connection with the repurchase of the Notes as a result of a Change in Control. To the extent that the provisions of any securities laws or
regulations conflict with the provisions of this Section 4.15, the Company will comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations under this Section 4.15 by virtue of such
compliance. 
 (b) On the Change of Control Payment Date, the Company will, to the extent lawful: 

(1) accept for payment all Notes or portions of Notes properly tendered pursuant to the Change of Control Offer; 

(2) deposit with the Paying Agent an amount equal to the Change of Control Payment in respect of all Notes or portions of Notes
properly tendered; and 
 (3) deliver or cause to be delivered to the Trustee the Notes properly accepted together with an
Officers’ Certificate stating the aggregate principal amount of Notes or portions of Notes being purchased by the Company. 
 The
Paying Agent will promptly mail (but in any case not later than five days after the Change of Control Payment Date) to each Holder of Notes properly tendered the Change of Control Payment for such Notes, and the Trustee will promptly authenticate
and mail (or cause to be transferred by book entry) to each Holder a new Note equal in principal amount to any unpurchased portion of the Notes surrendered, if any. The Company will publicly announce the results of the Change of Control Offer on or
as soon as practicable after the Change of Control Payment Date. 
 (c) Notwithstanding anything to the contrary in this Section 4.15,
the Company will not be required to make a Change of Control Offer upon a Change of Control if (1) a third party makes the Change of Control Offer in the manner, at the times and otherwise in compliance with the requirements set forth in this
Section 4.15 and purchases all Notes properly tendered and not withdrawn under the Change of Control Offer, or (2) notice of redemption has been given pursuant to Section 3.07 hereof, unless and until there is a default in payment of
the applicable redemption price. 
 (1) Notwithstanding anything to the contrary contained herein, a Change of Control Offer
may be made in advance of a Change of Control, conditioned upon the consummation of such Change of Control, if a definitive agreement is in place for the Change of Control at the time the Change of Control Offer is made. 

  
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 Section 4.16 Limitation on Sale and Leaseback Transactions. 

The Company will not, and will not permit any of its Restricted Subsidiaries to, enter into any Sale/Leaseback Transaction, unless: 

(1) the Company or that Restricted Subsidiary, as applicable, could have (a) incurred Indebtedness in an amount equal to
the Attributable Debt relating to such sale and leaseback transaction under Section 4.09 hereof and (b) incurred a Lien to secure such Indebtedness pursuant to Section 4.12 hereof; and 

(2) the transfer of assets in that Sale/Leaseback Transaction is permitted by, and the Company applies the proceeds of such
transaction in compliance with, Section 4.10 hereof. 
 Section 4.17 Payments for Consent. 

The Company will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, pay or cause to be paid any
consideration to or for the benefit of any holder of Notes for or as an inducement to any consent, waiver or amendment of any of the terms or provisions of this Indenture or the Notes unless such consideration is offered to be paid and is paid to
all Holders of the Notes that consent, waive or agree to amend in the time frame set forth in the solicitation documents relating to such consent, waiver or agreement. Notwithstanding the foregoing, any payment of consideration for, or as an
inducement to, any consent, waiver or amendment of any of the terms or provisions of this Indenture, the Notes or the Note Guarantees in connection with an Exchange Offer, the Company and any of its Restricted Subsidiaries may exclude
(i) Holders or Beneficial Owners of the Notes that are not “qualified institutional buyers” as defined in Rule 144A under the Securities Act, “non-U.S. Persons” as defined in Regulation S under the Securities Act, or
institutional “accredited investors” as defined in subparagraphs (a)(1), (2), (3) or (7) of Rule 501 under the Securities Act and (ii) Holders or Beneficial Owners of the Notes in any jurisdiction (other than the United
States) where the inclusion of such Holders or Beneficial Owners would require the Company or any such Restricted Subsidiary to comply with the registration requirements or other similar requirements under any securities laws of such jurisdiction,
or the solicitation of such consent, waiver or amendment from, or the granting of such consent or waiver, or the approval of such amendment by, Holders or Beneficial Owners in such jurisdiction would be unlawful, in each case as determined by the
Company in its sole discretion. 
 Section 4.18 Additional Note Guarantees. 

If, after the date of this Indenture, (i) the Company or any of its Restricted Subsidiaries acquires or creates another Wholly-Owned
Domestic Subsidiary or (ii) the Company or any of its Restricted Subsidiaries acquires or creates another Restricted Subsidiary that guarantees the Credit Agreement, then that newly acquired or created Wholly-Owned Domestic Subsidiary or
Restricted Subsidiary that guarantees the Credit Agreement, as the case may be, will become a Guarantor and execute a supplemental indenture and deliver an Officers’ Certificate and an Opinion of Counsel satisfactory to the Trustee within 20
Business Days of the date on which it was acquired or created; provided that any Wholly-Owned Domestic Subsidiary that constitutes an Immaterial Subsidiary and does not guarantee the Credit Agreement need not become a Guarantor until such
time as it ceases to be an Immaterial Subsidiary or until such time as it guarantees the Credit Agreement. The form of such supplemental indenture is attached as Exhibit F hereto. 

  
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 Section 4.19 Designation of Restricted and Unrestricted Subsidiaries. 

The Board of Directors of the Company may designate any Restricted Subsidiary to be an Unrestricted Subsidiary if that designation would not
cause a Default. If a Restricted Subsidiary is designated as an Unrestricted Subsidiary, the aggregate Fair Market Value of all outstanding Investments owned by the Company and its Restricted Subsidiaries in the Subsidiary designated as Unrestricted
will be deemed to be an Investment made as of the time of the designation and will reduce the amount available for Restricted Payments under Section 4.07 hereof or under one or more clauses of the definition of Permitted Investments, as
determined by the Company. That designation will only be permitted if the Investment would be permitted at that time and if the Restricted Subsidiary otherwise meets the definition of an Unrestricted Subsidiary. The Board of Directors of the Company
may redesignate any Unrestricted Subsidiary to be a Restricted Subsidiary if that redesignation would not cause a Default. 
 Any
designation of a Subsidiary of the Company as an Unrestricted Subsidiary will be evidenced to the Trustee by filing with the Trustee a certified copy of a resolution of the Board of Directors of the Company giving effect to such designation and an
Officers’ Certificate certifying that such designation complied with the preceding conditions and was permitted by Section 4.07 hereof. If, at any time, any Unrestricted Subsidiary would fail to meet the preceding requirements as an
Unrestricted Subsidiary, it will thereafter cease to be an Unrestricted Subsidiary for purposes of this Indenture and any Indebtedness of such Subsidiary will be deemed to be incurred by a Restricted Subsidiary of the Company as of such date and, if
such Indebtedness is not permitted to be incurred as of such date under Section 4.09 hereof, the Company will be in default of such covenant. The Board of Directors of the Company may at any time designate any Unrestricted Subsidiary to be a
Restricted Subsidiary of the Company; provided that such designation will be deemed to be an incurrence of Indebtedness by a Restricted Subsidiary of the Company of any outstanding Indebtedness of such Unrestricted Subsidiary, and such
designation will only be permitted if (1) such Indebtedness is permitted under Section 4.09 hereof, calculated on a pro forma basis as if such designation had occurred at the beginning of the applicable reference period; and (2) no
Default or Event of Default would be in existence following such designation. 
 ARTICLE 5 

SUCCESSORS 
 Section 5.01 Merger,
Consolidation or Sale of Assets. 
 The Company shall not, directly or indirectly: (1) consolidate or merge with or into another
Person (whether or not the Company is the surviving corporation); or (2) sell, assign, transfer, convey or otherwise dispose of all or substantially all of the properties or assets of the Company and its Restricted Subsidiaries taken as a
whole, in one or more related transactions, to another Person, unless: 
 (1) either: 

(A) the Company is the surviving corporation; or 

(B) the Person formed by or surviving any such consolidation or merger (if other than the Company) or to which such sale,
assignment, transfer, conveyance or other disposition has been made is an entity organized or existing under the laws of the United States, any state of the United States or the District of Columbia; and, if such entity is not a corporation, a
co-obligor of the Notes is a corporation organized or existing under any such laws; 

  
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 (2) the Person formed by or surviving any such consolidation or merger (if other
than the Company) or the Person to which such sale, assignment, transfer, conveyance or other disposition has been made assumes all the obligations of the Company under the Notes, this Indenture and the security documents; 

(3) immediately after such transaction, no Default or Event of Default exists; and 

(4) the Company or the Person formed by or surviving any such consolidation or merger (if other than the Company), or to which
such sale, assignment, transfer, conveyance or other disposition has been made would, on the date of such transaction after giving pro forma effect thereto and any related financing transactions as if the same had occurred at the beginning of the
applicable four-quarter period: 
 (A) be permitted to incur at least $1.00 of additional Indebtedness pursuant to the Fixed
Charge Coverage Ratio test set forth in Section 4.09(a); or 
 (B) have had a Fixed Charge Coverage Ratio not less than
the actual Fixed Charge Coverage Ratio for the Company for such four-quarter period. 
 In addition, the Company will not, directly or indirectly, lease all
or substantially all of the properties and assets of it and its Restricted Subsidiaries taken as a whole, in one or more related transactions, to any other Person. 

This Section 5.01 will not apply to any sale, assignment, transfer, conveyance, lease or other disposition of assets between or among the Company and its
Restricted Subsidiaries. Clauses (3) and (4) of this Section 5.01 will not apply to any merger or consolidation of the Company (a) with or into one of its Restricted Subsidiaries for any purpose or (b) with or into an
Affiliate solely for the purpose of reincorporating the Company in another jurisdiction. 
 Section 5.02 Successor Corporation Substituted. 

Upon any consolidation or merger, or any sale, assignment, transfer, lease, conveyance or other disposition of all or substantially all of the
properties or assets of the Company in a transaction that is subject to, and that complies with the provisions of, Section 5.01 hereof, the successor Person formed by such consolidation or into or with which the Company is merged or to which
such sale, assignment, transfer, lease, conveyance or other disposition is made shall succeed to, and be substituted for (so that from and after the date of such consolidation, merger, sale, assignment, transfer, lease, conveyance or other
disposition, the provisions of this Indenture referring to the “Company” shall refer instead to the successor Person and not to the Company), and may exercise every right and power of the Company under this Indenture with the same effect
as if such successor Person had been named as the Company herein; provided, however, that the predecessor Company shall not be relieved from the obligation to pay the principal of, premium on, if any, and interest on, the Notes except in the
case of a sale of all of the Company’s assets in a transaction that is subject to, and that complies with the provisions of, Section 5.01 hereof. 

  
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 ARTICLE 6 

DEFAULTS AND REMEDIES 
 Section 6.01
Events of Default. 
 Each of the following is an “Event of Default”: 

(1) default for 30 days in the payment when due of interest on the Notes; 

(2) default in the payment when due (at maturity, upon redemption or otherwise) of the principal of, or premium, if any, on the
Notes; 
 (3) failure by the Company or any of its Restricted Subsidiaries to comply with the provisions of Sections 4.10,
4.15 or 5.01 hereof; 
 (4) failure by the Company or any of its Restricted Subsidiaries for 60 days (or 90 days in the case
of Section 4.03) after notice to the Company by the Trustee or the Holders of at least 25% in aggregate principal amount of the Notes then outstanding voting as a single class to comply with any of the agreements in this Indenture or the
security documents (other than a default referred to in clause (1), (2) or (3) of this Section 6.01); 
 (5)
default under any mortgage, indenture or instrument under which there may be issued or by which there may be secured or evidenced any Indebtedness for money borrowed (other than the Notes) by the Company or any of its Restricted Subsidiaries (or the
payment of which is guaranteed by the Company or any of its Restricted Subsidiaries), whether such Indebtedness or Guarantee now exists, or is created after the date of this Indenture, if that default: 

(A) is caused by a failure to pay principal of, premium on, if any, or interest if any, on such Indebtedness prior to the
expiration of the grace period provided in such Indebtedness on the date of such default (a “Payment Default”); or 

(B) results in the acceleration of such Indebtedness prior to its express maturity, 

and, in each case, the principal amount of any such Indebtedness, together with the principal amount of any other such Indebtedness under
which there has been a Payment Default or the maturity of which has been so accelerated, aggregates $10.0 million or more; 

(6) failure by the Company or any of its Restricted Subsidiaries to pay final judgments entered by a court or courts of
competent jurisdiction aggregating in excess of $10.0 million, which judgments are not paid, discharged or stayed, for a period of 60 days; 

(7) the occurrence of any of the following: 

(a) except as permitted by this Indenture, any security document ceases for any reason to be fully enforceable; provided that
it will not be an Event of Default under this clause (7)(a) if the sole result of the failure of one or more security documents to be fully enforceable is that any Parity Lien purported to be granted under such security documents on Collateral,
individually or in the aggregate, having a Fair Market Value of not more than $5.0 million ceases to be an enforceable and perfected second-priority Lien, subject only to Permitted Liens; 

  
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 (b) except as permitted by this Indenture, any Parity Lien purported to be
granted under any security document on Collateral, individually or in the aggregate, having a Fair Market Value in excess of $5.0 million ceases to be an enforceable and perfected second-priority Lien, subject only to Permitted Liens; or 

(c) the Company or any other Pledgor, or any Person acting on behalf of any of them, denies or disaffirms, in writing, any
obligation of the Company or any other Pledgor set forth in or arising under any security document; 
 provided, however, that if a failure of the
sort described in clauses (7)(a) or (7)(b) hereof is susceptible of cure, no Event of Default shall arise under this clause (7) with respect thereto until 30 days after notice of such failure to the Company by the Trustee or the
Holders of at least 25% in aggregate principal amount of the Notes then outstanding; 
 (8) except as permitted by this
Indenture, any Note Guarantee is held in any judicial proceeding to be unenforceable or invalid or ceases for any reason to be in full force and effect, or any Guarantor, or any Person acting on behalf of any Guarantor, denies or disaffirms its
obligations under its Note Guarantee; and 
 (9) the Company or any of its Restricted Subsidiaries that is a Significant
Subsidiary or any group of Restricted Subsidiaries of the Company that, taken together, would constitute a Significant Subsidiary pursuant to or within the meaning of Bankruptcy Law: 

(A) commences a voluntary case, 

(B) consents to the entry of an order for relief against it in an involuntary case, 

(C) consents to the appointment of a custodian of it or for all or substantially all of its property, 

(D) makes a general assignment for the benefit of its creditors, or 

(E) generally is not paying its debts as they become due; 

(10) a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that: 

(A) is for relief against the Company or any of its Restricted Subsidiaries that is a Significant Subsidiary or any group of
Restricted Subsidiaries of the Company that, taken together, would constitute a Significant Subsidiary in an involuntary case; 

(B) appoints a custodian of the Company or any of its Restricted Subsidiaries that is a Significant Subsidiary or any group of
Restricted Subsidiaries of the Company that, taken together, would constitute a Significant Subsidiary or for all or substantially all of the property of the Company or any of its Restricted Subsidiaries that is a Significant Subsidiary or any group
of Restricted Subsidiaries of the Company that, taken together, would constitute a Significant Subsidiary; or 
 (C) orders
the liquidation of the Company or any of its Restricted Subsidiaries that is a Significant Subsidiary or any group of Restricted Subsidiaries of the Company that, taken together, would constitute a Significant Subsidiary; 

and the order or decree remains unstayed and in effect for 60 consecutive days. 

  
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 Section 6.02 Acceleration. 

In the case of an Event of Default specified in clause (9) or (10) of Section 6.01 hereof, with respect to the Company, any
Restricted Subsidiary of the Company that is a Significant Subsidiary or any group of Restricted Subsidiaries of the Company that, taken together, would constitute a Significant Subsidiary, all outstanding Notes will become due and payable
immediately without further action or notice. If any other Event of Default occurs and is continuing, the Holders of at least 25% in aggregate principal amount of the then outstanding Notes may, or the Trustee at the request of such Holders may,
declare all the Notes to be due and payable immediately, except that no such declaration may be made in respect of a Payment Default after such Payment Default is cured or waived. Upon any such declaration, the Notes shall become due and payable
immediately. 
 In the event of a declaration of acceleration of the Notes because an Event of Default has occurred and is continuing as a
result of the acceleration of any Indebtedness described in clause (5) of Section 6.01 hereof, the declaration of the acceleration of the Notes shall be automatically annulled if the Holders of any Indebtedness described in clause
(5) of Section 6.01 hereof have rescinded the declaration of acceleration in respect of such Indebtedness within 60 days of the date of such declaration and if (a) the annulment of the acceleration of the Notes would not conflict with
any judgment or decree of a court of competent jurisdiction and (b) all existing Events of Default, except nonpayment of principal or interest on the Notes that became due solely because of the acceleration of the Notes, have been cured or
waived. 
 Section 6.03 Other Remedies. 

If an Event of Default occurs and is continuing, the Trustee may pursue any available remedy to collect the payment of principal of, premium
on, if any, or interest on the Notes or to enforce the performance of any provision of the Notes or this Indenture. 
 The Trustee may
maintain a proceeding even if it does not possess any of the Notes or does not produce any of them in the proceeding. A delay or omission by the Trustee or any Holder of a Note in exercising any right or remedy accruing upon an Event of Default
shall not impair the right or remedy or constitute a waiver of or acquiescence in the Event of Default. All remedies are cumulative to the extent permitted by law. 

Section 6.04 Waiver of Past Defaults. 

The Holders of a majority in aggregate principal amount of the then outstanding Notes by written notice to the Trustee may, on behalf of the
Holders of all of the Notes rescind any acceleration or waive any existing Default or Event of Default and its consequences hereunder, if the rescission would not conflict with any judgment or decree, except a continuing Default or Event of Default
in the payment of principal of, premium on, if any, or interest on, the Notes (including in connection with an offer to purchase); provided, however, that the Holders of a majority in aggregate principal amount of the then outstanding Notes
may rescind an acceleration and its consequences, including any related payment default that resulted from such acceleration. Upon any such waiver, such Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have
been cured for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Default or impair any right consequent thereon. 

  
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 Section 6.05 Control by Majority. 

Holders of a majority in aggregate principal amount of the then outstanding Notes may direct the time, method and place of conducting any
proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on it. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture that the Trustee determines may be
unduly prejudicial to the rights of other Holders of Notes or that may involve the Trustee in personal liability (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not such actions or forbearances are
unduly prejudicial to such Holders). 
 Section 6.06 Limitation on Suits. 

No Holder of a Note may pursue any remedy with respect to this Indenture or the Notes unless: 

(1) such Holder has previously given the Trustee written notice that an Event of Default is continuing; 

(2) Holders of at least 25% in aggregate principal amount of the then outstanding Notes make a written request to the Trustee
to pursue the remedy; 
 (3) such Holder or Holders offer and, if requested, provide to the Trustee security or indemnity
reasonably satisfactory to the Trustee against any loss, liability or expense; 
 (4) the Trustee does not comply with such
request within 60 days after receipt of the request and the offer of security or indemnity; and 
 (5) during such 60-day
period, Holders of a majority in aggregate principal amount of the then outstanding Notes do not give the Trustee a direction inconsistent with such request. 

A Holder of a Note may not use this Indenture to prejudice the rights of another Holder of a Note or to obtain a preference or priority over
another Holder of a Note. 
 Section 6.07 Rights of Holders of Notes to Receive Payment. 

Notwithstanding any other provision of this Indenture, the right of any Holder of a Note to receive payment of principal of, premium on, if
any, or interest on the Note, on or after the respective due dates expressed in the Note (including in connection with an offer to purchase), or to bring suit for the enforcement of any such payment on or after such respective dates, shall not be
impaired or affected without the consent of such Holder; provided that a Holder shall not have the right to institute any such suit for the enforcement of payment if and to the extent that the institution or prosecution thereof or the entry
of judgment therein would, under applicable law, result in the surrender, impairment, waiver or loss of the Lien of this Indenture upon any property subject to such Lien. 

Section 6.08 Collection Suit by Trustee. 

If an Event of Default specified in Section 6.01(1) or (2) hereof occurs and is continuing, the Trustee is authorized to recover
judgment in its own name and as trustee of an express trust against the Company for the whole amount of principal of, premium on, if any, and interest remaining unpaid on the 

  
 77 

 
Notes and interest on overdue principal and, to the extent lawful, interest and such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable
compensation, expenses, disbursements and advances of the Trustee, its agents and counsel. 
 Section 6.09 Trustee May File Proofs of Claim.

 The Trustee is authorized to file such proofs of claim and other papers or documents as may be necessary or advisable in order to have
the claims of the Trustee (including any claim for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel) and the Holders of the Notes allowed in any judicial proceedings relative to the Company (or
any other obligor upon the Notes), its creditors or its property and shall be entitled and empowered to collect, receive and distribute any money or other property payable or deliverable on any such claims and any custodian in any such judicial
proceeding is hereby authorized by each Holder to make such payments to the Trustee, and in the event that the Trustee shall consent to the making of such payments directly to the Holders, to pay to the Trustee any amount due to it for the
reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee hereunder. To the extent that the payment of any such compensation, expenses, disbursements and advances of
the Trustee, its agents and counsel, and any other amounts due the Trustee hereunder out of the estate in any such proceeding, shall be denied for any reason, payment of the same shall be secured by a Lien on, and shall be paid out of, any and all
distributions, dividends, money, securities and other properties that the Holders may be entitled to receive in such proceeding whether in liquidation or under any plan of reorganization or arrangement or otherwise. Nothing herein contained shall be
deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Holder any plan of reorganization, arrangement, adjustment or composition affecting the Notes or the rights of any Holder, or to authorize the Trustee to
vote in respect of the claim of any Holder in any such proceeding. 
 Section 6.10 Priorities. 

If the Trustee collects any money pursuant to this Article 6, it shall pay out the money in the following order: 

First: to the Trustee, any Agent, the collateral trustee or their agents and attorneys for amounts due hereunder or in
connection herewith, including payment of all compensation, expenses and liabilities incurred, and all advances made, by the Trustee, any Agent or the collateral trustee and the costs and expenses of collection; 

Second: to Holders of Notes for amounts due and unpaid on the Notes for principal, premium, if any, and interest
ratably, without preference or priority of any kind, according to the amounts due and payable on the Notes for principal, premium, if any, and interest, respectively; and 

Third: to the Company or to such party as a court of competent jurisdiction shall direct. 

The Trustee may fix a record date and payment date for any payment to Holders of Notes pursuant to this Section 6.10. 

Section 6.11 Undertaking for Costs. 

In any suit for the enforcement of any right or remedy under this Indenture or in any suit against the Trustee for any action taken or omitted
by it as a Trustee, a court in its discretion may require the 

  
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filing by any party litigant in the suit of an undertaking to pay the costs of the suit, and the court in its discretion may assess reasonable costs, including reasonable attorneys’ fees,
against any party litigant in the suit, having due regard to the merits and good faith of the claims or defenses made by the party litigant. This Section 6.11 does not apply to a suit by the Trustee, a suit by a Holder of a Note pursuant to
Section 6.07 hereof, or a suit by Holders of more than 10% in aggregate principal amount of the then outstanding Notes. 
 ARTICLE 7

 TRUSTEE 
 Section 7.01 Duties of
Trustee. 
 (a) If an Event of Default has occurred and is continuing, the Trustee will exercise such of the rights and powers vested in
it by this Indenture, and use the same degree of care and skill in its exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs. 

(b) Except during the continuance of an Event of Default: 

(1) the duties of the Trustee will be determined solely by the express provisions of this Indenture and the Trustee need
perform only those duties that are specifically set forth in this Indenture and no others, and no implied covenants or obligations shall be read into this Indenture against the Trustee; and 

(2) in the absence of bad faith on its part, the Trustee may conclusively rely, as to the truth of the statements and the
correctness of the opinions expressed therein, upon certificates or opinions furnished to the Trustee and conforming to the requirements of this Indenture. However, the Trustee will examine the certificates and opinions to determine whether or not
they conform to the requirements of this Indenture (but need not investigate the accuracy of the mathematical calculations set forth therein). 

(c) The Trustee may not be relieved from liabilities for its own negligent action, its own negligent failure to act, or its own willful
misconduct, except that: 
 (1) this paragraph does not limit the effect of paragraph (b) of this Section 7.01;

 (2) the Trustee will not be liable for any error of judgment made in good faith by a Responsible Officer, unless it is
proved that the Trustee was negligent in ascertaining the pertinent facts; and 
 (3) the Trustee will not be liable with
respect to any action it takes or omits to take in good faith in accordance with a direction received by it pursuant to Section 6.05 hereof. 

(d) Whether or not therein expressly so provided, every provision of this Indenture that in any way relates to the Trustee is subject to
paragraphs (a), (b), and (c) of this Section 7.01. 
 (e) No provision of this Indenture will require the Trustee to expend or
risk its own funds or incur any liability. The Trustee will be under no obligation to exercise any of its rights or powers under this Indenture at the request of any Holders, unless such Holder has offered to the Trustee security and indemnity
reasonably satisfactory to it against any loss, liability or expense. 
 (f) The Trustee will not be liable for interest on any money
received by it except as the Trustee may agree in writing with the Company. Money held in trust by the Trustee need not be segregated from other funds except to the extent required by law. 

  
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 Section 7.02 Rights of Trustee. 

(a) The Trustee may conclusively rely upon any document believed by it to be genuine and to have been signed or presented by the proper
Person. The Trustee need not investigate any fact or matter stated in the document. 
 (b) Before the Trustee acts or refrains from acting,
it may require an Officers’ Certificate or an Opinion of Counsel or both. The Trustee will not be liable for any action it takes or omits to take in good faith in reliance on such Officers’ Certificate or Opinion of Counsel. The Trustee
may consult with counsel and the advice of such counsel or any Opinion of Counsel will be full and complete authorization and protection from liability in respect of any action taken, suffered or omitted by it hereunder in good faith and in reliance
thereon. 
 (c) The Trustee may act through its attorneys and agents and will not be responsible for the misconduct or negligence of any
agent appointed with due care. 
 (d) The Trustee will not be liable for any action it takes or omits to take in good faith that it believes
to be authorized or within the rights or powers conferred upon it by this Indenture. 
 (e) Unless otherwise specifically provided in this
Indenture, any demand, request, direction or notice from the Company will be sufficient if signed by an Officer of the Company. 
 (f) In no
event shall the Trustee be responsible or liable for special, indirect, punitive or consequential loss or damage of any kind whatsoever (including, but not limited to, loss of profit) irrespective of whether the Trustee has been advised of the
likelihood of such loss or damage and regardless of the form of action. 
 (g) The Trustee shall not be deemed to have notice of any Default
or Event of Default unless a Responsible Officer of the Trustee has actual knowledge thereof or unless written notice of any event which is in fact such a default is received by the Trustee at the Corporate Trust Office of the Trustee, and such
notice references the Notes and this Indenture. 
 (h) The rights, privileges, protections, immunities and benefits given to the Trustee,
including, without limitation, its right to be indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder, and each agent, custodian and other Person employed to act hereunder. 

(i) The Trustee shall not be required to give any bond or surety in respect of the performance of its powers and duties hereunder. 

Section 7.03 Individual Rights of Trustee. 

The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Company or any
Affiliate of the Company with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest it must eliminate such conflict within 90 days, apply to the SEC for permission to continue
as trustee (if this Indenture has been qualified under the TIA) or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof. 

  
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 Section 7.04 Trustee’s Disclaimer. 

The Trustee will not be responsible for and makes no representation as to the validity or adequacy of this Indenture or the Notes, it shall
not be accountable for the Company’s use of the proceeds from the Notes or any money paid to the Company or upon the Company’s direction under any provision of this Indenture, it will not be responsible for the use or application of any
money received by any Paying Agent other than the Trustee, and it will not be responsible for any statement or recital herein or any statement in the Notes or any other document in connection with the sale of the Notes or pursuant to this Indenture
other than its certificate of authentication. 
 Section 7.05 Notice of Defaults. 

If a Default or Event of Default occurs and is continuing and if it is actually known to a Responsible Officer of the Trustee, the Trustee
will mail to Holders of Notes a notice of the Default or Event of Default within 90 days after it occurs. Except in the case of a Default or Event of Default in payment of principal of, premium on, if any, or interest on, any Note, the Trustee may
withhold the notice if and so long as a committee of its Responsible Officers in good faith determines that withholding the notice is in the interests of the Holders of the Notes. 

Section 7.06 Reports by Trustee to Holders of the Notes. 

(a) Within 60 days after each May 15 beginning with the May 15 following the date of this Indenture, and for so long as Notes remain
outstanding, the Trustee will mail to the Holders of the Notes a brief report dated as of such reporting date that complies with TIA §313(a) (but if no event described in TIA §313(a) has occurred within the twelve months preceding the
reporting date, no report need be transmitted). The Trustee also will comply with TIA §313(b)(2). The Trustee will also transmit by mail all reports as required by TIA §313(c). 

(b) A copy of each report at the time of its mailing to the Holders of Notes will be mailed by the Trustee to the Company and filed by the
Trustee with the SEC and each stock exchange on which the Notes are listed in accordance with TIA §313(d). The Company will promptly notify the Trustee when the Notes are listed on any stock exchange or of any delisting thereof. 

Section 7.07 Compensation and Indemnity. 

(a) The Company will pay to the Trustee from time to time such compensation as agreed in writing among the parties for its acceptance of this
Indenture and services hereunder. The Trustee’s compensation will not be limited by any law on compensation of a trustee of an express trust. The Company will reimburse the Trustee promptly upon request for all reasonable disbursements,
advances and expenses incurred or made by it in addition to the compensation for its services. Such expenses will include the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel. 

(b) The Company and the Guarantors will jointly and severally indemnify the Trustee against any and all losses, liabilities or expenses
incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenture, including the costs and expenses of enforcing this Indenture against the Company and the Guarantors (including this
Section 7.07) and defending itself against any claim (whether asserted by the Company, the Guarantors, any Holder or any other Person) or liability in connection with the exercise or performance of any of its powers or duties hereunder, except
to 

  
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the extent any such loss, liability or expense may be attributable to its negligence or bad faith. The Trustee will notify the Company promptly of any claim for which it may seek indemnity.
Failure by the Trustee to so notify the Company will not relieve the Company or any of the Guarantors of their obligations hereunder. The Company or such Guarantor will defend the claim and the Trustee will cooperate in the defense. The Trustee may
have separate counsel and the Company will pay the reasonable fees and expenses of such counsel. Neither the Company nor any Guarantor need pay for any settlement made without its consent, which consent will not be unreasonably withheld. 

(c) The obligations of the Company and the Guarantors under this Section 7.07 will survive the satisfaction and discharge of this
Indenture and the resignation or removal of the Trustee. 
 (d) To secure the Company’s and the Guarantors’ payment obligations in
this Section 7.07, the Trustee will have a Lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principal of, premium on, if any, or interest on, particular Notes. Such Lien will
survive the satisfaction and discharge of this Indenture. 
 (e) When the Trustee incurs expenses or renders services after an Event of
Default specified in clause (9) or (10) of Section 6.01 hereof occurs, the expenses and the compensation for the services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of
administration under any Bankruptcy Law. 
 (f) The Trustee will comply with the provisions of TIA §313(b)(2) to the extent applicable.

 Section 7.08 Replacement of Trustee. 

(a) A resignation or removal of the Trustee and appointment of a successor Trustee will become effective only upon the successor
Trustee’s acceptance of appointment as provided in this Section 7.08. 
 (b) The Trustee may resign in writing at any time and be
discharged from the trust hereby created by so notifying the Company. The Holders of a majority in aggregate principal amount of the then outstanding Notes may remove the Trustee by so notifying the Trustee and the Company in writing. The Company
may remove the Trustee if: 
 (1) the Trustee fails to comply with Section 7.10 hereof; 

(2) the Trustee is adjudged a bankrupt or an insolvent or an order for relief is entered with respect to the Trustee under any
Bankruptcy Law; 
 (3) a custodian or public officer takes charge of the Trustee or its property; or 

(4) the Trustee becomes incapable of acting. 

(c) If the Trustee resigns or is removed or if a vacancy exists in the office of Trustee for any reason, the Company will promptly appoint a
successor Trustee. Within one year after the successor Trustee takes office, the Holders of a majority in aggregate principal amount of the then outstanding Notes may appoint a successor Trustee to replace the successor Trustee appointed by the
Company. 
 (d) If a successor Trustee does not take office within 60 days after the retiring Trustee resigns or is removed, the retiring
Trustee, the Company, or the Holders of at least 10% in aggregate principal amount of the then outstanding Notes may petition any court of competent jurisdiction for the appointment of a successor Trustee, at the Company’s expense. 

  
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 (e) If the Trustee, after written request by any Holder who has been a Holder for at least six
months, fails to comply with Section 7.10 hereof, such Holder may petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee. 

(f) A successor Trustee will deliver a written acceptance of its appointment to the retiring Trustee and to the Company. Thereupon, the
resignation or removal of the retiring Trustee will become effective, and the successor Trustee will have all the rights, powers and duties of the Trustee under this Indenture. The successor Trustee will mail a notice of its succession to Holders.
The retiring Trustee will promptly transfer all property held by it as Trustee to the successor Trustee; provided all sums owing to the Trustee hereunder have been paid and subject to the Lien provided for in Section 7.07 hereof.
Notwithstanding replacement of the Trustee pursuant to this Section 7.08, the Company’s obligations under Section 7.07 hereof will continue for the benefit of the retiring Trustee. The retiring Trustee shall have no liability or
responsibility for the action or inaction of any successor Trustee. 
 Section 7.09 Successor Trustee by Merger, etc. 

If the Trustee consolidates, merges or converts into, or transfers all or substantially all of its corporate trust business to, another
corporation, the successor corporation without any further act will be the successor Trustee. 
 Section 7.10 Eligibility; Disqualification.

 There will at all times be a Trustee hereunder that is a Person organized and doing business under the laws of the United States of
America or of any state thereof that is authorized under such laws to exercise corporate trustee power, that is subject to supervision or examination by federal or state authorities and that has a combined capital and surplus of at least $100.0
million as set forth in its most recent published annual report of condition. 
 This Indenture will always have a Trustee who satisfies the
requirements of TIA §310(a)(1), (2) and (5). The Trustee is subject to TIA §310(b). 
 Section 7.11 Preferential Collection of Claims
Against Company. 
 The Trustee is subject to TIA §311(a), excluding any creditor relationship listed in TIA §311(b). A
Trustee who has resigned or been removed shall be subject to TIA §311(a) to the extent indicated therein. 
 ARTICLE 8 

LEGAL DEFEASANCE AND COVENANT DEFEASANCE 

Section 8.01 Option to Effect Legal Defeasance or Covenant Defeasance. 

The Company may at any time, at the option of its Board of Directors evidenced by a resolution set forth in an Officers’ Certificate,
elect to have either Section 8.02 or 8.03 hereof be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article 8. 

  
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 Section 8.02 Legal Defeasance and Discharge. 

Upon the Company’s exercise under Section 8.01 hereof of the option applicable to this Section 8.02, the Company and each of
the Guarantors will, subject to the satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from their obligations with respect to all outstanding Notes (including the Note Guarantees) on the date the
conditions set forth below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, Legal Defeasance means that the Company and the Guarantors will be deemed to have paid and discharged the entire Indebtedness represented
by the outstanding Notes (including the Note Guarantees), which will thereafter be deemed to be “outstanding” only for the purposes of Section 8.05 hereof and the other Sections of this Indenture referred to in clauses (1) and
(2) below, and to have satisfied all their other obligations under such Notes, the Note Guarantees and this Indenture (and the Trustee, on demand of and at the expense of the Company, shall execute proper instruments acknowledging the same),
except for the following provisions which will survive until otherwise terminated or discharged hereunder: 
 (1) the rights
of Holders of outstanding Notes to receive payments in respect of the principal of, premium on, if any, or interest on such Notes when such payments are due from the trust referred to in Section 8.04 hereof; 

(2) the Company’s obligations with respect to such Notes under Article 2 and Section 4.02 hereof; 

(3) the rights, powers, trusts, duties and immunities of the Trustee hereunder and the Company’s and the Guarantors’
obligations in connection therewith; and 
 (4) this Article 8. 

Subject to compliance with this Article 8, the Company may exercise its option under this Section 8.02 notwithstanding the prior exercise
of its option under Section 8.03 hereof. 
 Section 8.03 Covenant Defeasance. 

Upon the Company’s exercise under Section 8.01 hereof of the option applicable to this Section 8.03, the Company and each of
the Guarantors will, subject to the satisfaction of the conditions set forth in Section 8.04 hereof, be released from each of their obligations under the covenants contained in Sections 4.03, 4.04, 4.07, 4.08, 4.09, 4.10, 4.11, 4.12, 4.13,
4.15, 4.16, 4.17, 4.18 and 4.19 hereof and clause (4) of Section 5.01 hereof with respect to the outstanding Notes on and after the date the conditions set forth in Section 8.04 hereof are satisfied (hereinafter, “Covenant
Defeasance”), and the Notes will thereafter be deemed not “outstanding” for the purposes of any direction, waiver, consent or declaration or act of Holders (and the consequences of any thereof) in connection with such covenants,
but will continue to be deemed “outstanding” for all other purposes hereunder (it being understood that such Notes will not be deemed outstanding for accounting purposes). For this purpose, Covenant Defeasance means that, with respect to
the outstanding Notes and Note Guarantees, the Company and the Guarantors may omit to comply with and will have no liability in respect of any term, condition or limitation set forth in any such covenant, whether directly or indirectly, by reason of
any reference elsewhere herein to any such covenant or by reason of any reference in any such covenant to any other provision herein or in any other document and such omission to comply will not constitute a Default or an Event of Default under
Section 6.01 hereof, but, except as specified above, the remainder of this Indenture and such Notes and Note Guarantees will be unaffected thereby. In addition, upon the Company’s exercise under Section 8.01 hereof of the option
applicable to this Section 8.03, subject to the satisfaction of the conditions set forth in Section 8.04 hereof, Sections 6.01(3), (4), (5), (6), (7) and (8) hereof will not constitute Events of Default. 

  
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 Section 8.04 Conditions to Legal or Covenant Defeasance. 

In order to exercise either Legal Defeasance or Covenant Defeasance under either Section 8.02 or 8.03 hereof: 

(1) the Company must irrevocably deposit with the Trustee, in trust, for the benefit of the Holders, cash in U.S. dollars,
non-callable Government Securities, or a combination thereof, in such amounts as will be sufficient, in the opinion of a nationally recognized investment bank, appraisal firm, or firm of independent public accountants, to pay the principal of,
premium, if any, or interest on the outstanding Notes on the stated date for payment thereof or on the applicable redemption date, as the case may be, and the Company must specify whether the Notes are being defeased to such stated date for payment
or to a particular redemption date; 
 (2) in the case of an election under Section 8.02 hereof, the Company must
deliver to the Trustee an Opinion of Counsel reasonably acceptable to the Trustee confirming that: 
 (A) the Company has
received from, or there has been published by, the Internal Revenue Service a ruling; or 
 (B) since the date of this
Indenture, there has been a change in the applicable federal income tax law, 
 in either case to the effect that, and based thereon such
Opinion of Counsel shall confirm that, the Holders of the outstanding Notes will not recognize income, gain or loss for federal income tax purposes as a result of such Legal Defeasance and will be subject to federal income tax on the same amounts,
in the same manner and at the same times as would have been the case if such Legal Defeasance had not occurred; 
 (3) in the
case of an election under Section 8.03 hereof, the Company must deliver to the Trustee an Opinion of Counsel reasonably acceptable to the Trustee confirming that the Holders of the outstanding Notes will not recognize income, gain or loss for
federal income tax purposes as a result of such Covenant Defeasance and will be subject to federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such Covenant Defeasance had not occurred;

 (4) no Default or Event of Default shall have occurred and is continuing on the date of such deposit (other than a Default
or Event of Default resulting from the borrowing of funds to be applied to such deposit (and any similar concurrent deposit relating to other Indebtedness), and the granting of Liens to secure such borrowings); 

(5) such Legal Defeasance or Covenant Defeasance will not result in a breach or violation of, or constitute a default under,
any material agreement or instrument (other than this Indenture and the agreements governing any other Indebtedness being defeased, discharged or replaced) to which the Company or any of the Guarantors is a party or by which the Company or any of
the Guarantors is bound; 
 (6) the Company must deliver to the Trustee an Officers’ Certificate stating that the
deposit was not made by the Company with the intent of preferring the Holders of Notes over the other creditors of the Company with the intent of defeating, hindering, delaying or defrauding any creditors of the Company or others; and 

(7) the Company must deliver to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that all
conditions precedent relating to the Legal Defeasance or the Covenant Defeasance have been complied with. 

  
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 Section 8.05 Deposited Money and Government Securities to be Held in Trust; Other Miscellaneous
Provisions. 
 Subject to Section 8.06 hereof, all money and non-callable Government Securities (including the proceeds thereof)
deposited with the Trustee (or other qualifying trustee, collectively for purposes of this Section 8.05, the “Trustee”) pursuant to Section 8.04 hereof in respect of the outstanding Notes will be held in trust and applied
by the Trustee, in accordance with the provisions of such Notes and this Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as Paying Agent) as the Trustee may determine, to the Holders of such Notes
of all sums due and to become due thereon in respect of principal, premium, if any, and interest, but such money need not be segregated from other funds except to the extent required by law. 

The Company will pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the cash or non-callable
Government Securities deposited pursuant to Section 8.04 hereof or the principal and interest received in respect thereof other than any such tax, fee or other charge which by law is for the account of the Holders of the outstanding Notes. 

Notwithstanding anything in this Article 8 to the contrary, the Trustee will deliver or pay to the Company from time to time upon the request
of the Company any money or non-callable Government Securities held by it as provided in Section 8.04 hereof which, in the opinion of a nationally recognized firm of independent public accountants expressed in a written certification thereof
delivered to the Trustee (which may be the opinion delivered under Section 8.04(1) hereof), are in excess of the amount thereof that would then be required to be deposited to effect an equivalent Legal Defeasance or Covenant Defeasance. 

Section 8.06 Repayment to Company. 

The Trustee will promptly, and in any event, no later than five Business Days, pay to the Company after request therefor, any excess money
held with respect to the Notes at such time (including pursuant to Article 12) in excess of amounts required to pay any of the Company’s Obligations then owing with respect to the Notes. Any money deposited with the Trustee or any Paying Agent,
or then held by the Company, in trust for the payment of the principal of, premium on, if any, or interest on any Note and remaining unclaimed for two years after such principal, premium, if any, or interest has become due and payable shall be paid
to the Company on its request or (if then held by the Company) will be discharged from such trust; and the Holder of such Note will thereafter be permitted to look only to the Company for payment thereof, and all liability of the Trustee or such
Paying Agent with respect to such trust money, and all liability of the Company as trustee thereof, will thereupon cease. 
 Section 8.07
Reinstatement. 
 If the Trustee or Paying Agent is unable to apply any U.S. dollars or non-callable Government Securities in
accordance with Section 8.02 or 8.03 hereof, as the case may be, by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, then the Company’s and the
Guarantors’ obligations under this Indenture and the Notes and 

  
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the Note Guarantees will be revived and reinstated as though no deposit had occurred pursuant to Section 8.02 or 8.03 hereof until such time as the Trustee or Paying Agent is permitted to
apply all such money in accordance with Section 8.02 or 8.03 hereof, as the case may be; provided, however, that, if the Company makes any payment of principal of, premium on, if any, or interest on, any Note following the reinstatement
of its obligations, the Company will be subrogated to the rights of the Holders of such Notes to receive such payment from the money held by the Trustee or Paying Agent. 

ARTICLE 9 
 AMENDMENT, SUPPLEMENT
AND WAIVER 
 Section 9.01 Without Consent of Holders of Notes. 

Notwithstanding Section 9.02 of this Indenture, without the consent of any Holder of Notes, the Company, the Guarantors and the Trustee
may amend or supplement this Indenture, the Notes or the Note Guarantees: 
 (1) to cure any ambiguity, defect or
inconsistency; 
 (2) to provide for uncertificated Notes in addition to or in place of certificated Notes; 

(3) to provide for the assumption of the Company’s or a Guarantor’s obligations to the Holders of the Notes and Note
Guarantees by a successor to the Company or such Guarantor pursuant to Article 5 or Article 11 hereof; 
 (4) to make any
change that would provide any additional rights or benefits to the Holders of the Notes or that does not adversely affect the legal rights hereunder of any Holder; 

(5) to comply with requirements of the SEC in order to effect or maintain the qualification of this Indenture under the TIA;

 (6) to conform the text of this Indenture, the Notes, the Note Guarantees or the security documents to any provision of
the “Description of Notes” section of the Offering Memorandum, relating to the initial offering of the Notes, to the extent that such provision in that “Description of Notes” was intended to be a verbatim recitation of a
provision of this Indenture, the Notes, the Note Guarantees or the security documents, which intent may be evidenced by an Officers’ Certificate to that effect; 

(7) to enter into additional or supplemental security documents; 

(8) to release Collateral in accordance with the terms of this Indenture and the security documents; 

(9) to make, complete or confirm any grant of Collateral permitted or required by this Indenture or any of the security
documents or any release of Collateral that becomes effective as set forth in this Indenture or any of the security documents; 

(10) to provide for the issuance of Additional Notes in accordance with the limitations set forth in this Indenture, as of the
date of this Indenture; or 
 (11) to allow any Guarantor to execute a supplemental indenture and/or a Note Guarantee with
respect to the Notes. 

  
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 Upon the request of the Company accompanied by a resolution of its Board of Directors authorizing
the execution of any such amended or supplemental indenture, and upon receipt by the Trustee of the documents described in Section 7.02 hereof, the Trustee will join with the Company and the Guarantors in the execution of any amended or
supplemental indenture authorized or permitted by the terms of this Indenture and to make any further appropriate agreements and stipulations that may be therein contained, but the Trustee will not be obligated to enter into such amended or
supplemental indenture that affects its own rights, duties or immunities under this Indenture or otherwise. 
 Section 9.02 With Consent of Holders
of Notes. 
 Except as provided below in this Section 9.02, the Company and the Trustee may amend or supplement this Indenture
(including, without limitation, Section 3.09, 4.10 and 4.15 hereof) and the Notes and the Note Guarantees with the consent of the Holders of at least a majority in aggregate principal amount of the then outstanding Notes voting as a single
class (including, without limitation, consents obtained in connection with a tender offer or exchange offer for, or purchase of, the Notes), and, subject to Sections 6.04 and 6.07 hereof, any existing Default or Event of Default (other than a
Default or Event of Default in the payment of the principal of, premium on, if any, or interest on, the Notes, except a payment default resulting from an acceleration that has been rescinded) or compliance with any provision of this Indenture or the
Notes or the Note Guarantees may be waived with the consent of the Holders of a majority in aggregate principal amount of the then outstanding Notes voting as a single class (including, without limitation, consents obtained in connection with a
tender offer or exchange offer for, or purchase of, the Notes). Section 2.08 hereof shall determine which Notes are considered to be “outstanding” for purposes of this Section 9.02. 

Upon the request of the Company accompanied by a resolution of its Board of Directors authorizing the execution of any such amended or
supplemental indenture, and upon the filing with the Trustee of evidence satisfactory to the Trustee of the consent of the Holders of Notes as aforesaid, and upon receipt by the Trustee of the documents described in Section 7.02 hereof, the
Trustee will join with the Company and the Guarantors in the execution of such amended or supplemental indenture unless such amended or supplemental indenture directly affects the Trustee’s own rights, duties or immunities under this Indenture
or otherwise, in which case the Trustee may in its discretion, but will not be obligated to, enter into such amended or supplemental Indenture. 

The Company may, but will not be obligated to, fix a record date for the purpose of determining the Persons entitled to consent to any
amendment, supplement or waiver. If a record date is fixed, the Holders on such record date, or their duly designated proxies, and only such Persons, will be entitled to consent to such amendment, supplement or waiver, whether or not such Holders
remain Holders after such record date; provided that unless such consent will have become effective by virtue of the requisite percentage having been obtained prior to the date which is 120 days after such record date, any such
consent previously given will automatically and without further action by any Holder be cancelled and of no further effect. 
 It is not
necessary for the consent of the Holders of Notes under this Section 9.02 to approve the particular form of any proposed amendment, supplement or waiver, but it is sufficient if such consent approves the substance thereof. 

After an amendment, supplement or waiver under this Section 9.02 becomes effective, the Company will mail to the Holders of Notes
affected thereby a notice briefly describing the amendment, supplement or waiver. Any failure of the Company to mail such notice, or any defect therein, will not, however, in any way impair or affect the validity of any such amended or supplemental
indenture or waiver. Subject to Sections 6.04 and 6.07 hereof, the Holders of a majority in aggregate principal amount 

  
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of the Notes then outstanding voting as a single class may waive compliance in a particular instance by the Company with any provision of this Indenture, the Notes or the Note Guarantees.
However, without the consent of each Holder affected, an amendment, supplement or waiver under this Section 9.02 may not (with respect to any Notes held by a non-consenting Holder): 

(1) reduce the principal amount of Notes whose Holders must consent to an amendment, supplement or waiver; 

(2) reduce the principal of or change the fixed maturity of any Note; 

(3) reduce the rate of or change the time for payment of interest, including default interest, on any Note; 

(4) waive a Default or Event of Default in the payment of principal of, premium on, if any, or interest on, the Notes (except a
rescission of acceleration of the Notes by the Holders of at least a majority in aggregate principal amount of the then outstanding Notes and a waiver of the payment default that resulted from such acceleration); 

(5) make any Note payable in money other than that stated in the Notes; 

(6) make any change in the provisions of this Indenture relating to waivers of past Defaults or the rights of Holders of Notes
to receive payments of principal of, premium, if any, on, or interest on the Notes; 
 (7) waive a redemption payment with
respect to any Note (other than a payment required by Sections 3.09, 4.10 or 4.15 hereof); 
 (8) release any Guarantor from
any of its obligations under its Note Guarantee or this Indenture, except in accordance with the terms of this Indenture; 

(9) reduce the redemption price or premium payable upon redemption of any Note or change the time at which any Note may be
redeemed; or 
 (10) make any change in the preceding amendment and waiver provisions. 

In addition, no amendment, supplement or waiver of any provision of this Indenture or any security document may have the effect of releasing all or
substantially all of the Collateral from the Liens securing the Notes without the consent of the Holders of at least 66 2⁄3% in aggregate principal amount of
the then outstanding Notes voting as a single class. 
 Section 9.03 Compliance with Trust Indenture Act. 

Every amendment or supplement to this Indenture or the Notes will be set forth in an amended or supplemental indenture that complies with the
TIA as then in effect. 
 Section 9.04 Revocation and Effect of Consents. 

Until an amendment, supplement or waiver becomes effective, a consent to it by a Holder of a Note is a continuing consent by the Holder of a
Note and every subsequent Holder of a Note or portion of a Note that evidences the same debt as the consenting Holder’s Note, even if notation of the consent is not made on any Note. However, any such Holder of a Note or subsequent Holder of a
Note may revoke the 

  
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consent as to its Note if the Trustee receives written notice of revocation before the date the amendment, supplement or waiver becomes effective. An amendment, supplement or waiver becomes
effective in accordance with its terms and thereafter binds every Holder. 
 Section 9.05 Notation on or Exchange of Notes. 

The Trustee may place an appropriate notation about an amendment, supplement or waiver on any Note thereafter authenticated. The Company in
exchange for all Notes may issue and the Trustee shall, upon receipt of an Authentication Order, authenticate new Notes that reflect the amendment, supplement or waiver. 

Failure to make the appropriate notation or issue a new Note will not affect the validity and effect of such amendment, supplement or waiver.

 Section 9.06 Trustee to Sign Amendments, etc. 

The Trustee will sign any amended or supplemental indenture authorized pursuant to this Article 9 if the amendment or supplement does not
adversely affect the rights, duties, liabilities or immunities of the Trustee. The Company may not sign an amended or supplemental indenture until the Board of Directors of the Company approves it. In executing any amended or supplemental indenture,
the Trustee will be entitled to receive and (subject to Section 7.01 hereof) will be fully protected in relying upon, in addition to the documents required by Section 12.04 hereof, an Officers’ Certificate and an Opinion of Counsel
stating that (i) the execution of such amended or supplemental indenture is authorized or permitted by this Indenture and (ii) is the legal, valid and binding obligation of the Company, enforceable against the Company in accordance with
its terms. 
 ARTICLE 10. 

COLLATERAL AND SECURITY 
 Section 10.01.
Security Documents. 
 The due and punctual payment of the principal of, premium on, if any, and interest on, the Notes when and as the
same shall be due and payable, whether on an interest payment date, at maturity, by acceleration, repurchase, redemption or otherwise, and interest on the overdue principal of, premium on, if any, and interest (to the extent permitted by law), on
the Notes and performance of all other obligations of the Company to the Holders of Notes or the Trustee under this Indenture and the Notes (including, without limitation, the Note Guarantees), according to the terms hereunder or thereunder, are
secured as provided in the security documents which the Company has entered into simultaneously with the execution of this Indenture. Each Holder of Notes, by its acceptance thereof, consents and agrees to the terms of the security documents
(including, without limitation, the provisions providing for foreclosure and release of Collateral) as the same may be in effect or may be amended from time to time in accordance with its terms and authorizes and directs the collateral trustee to
enter into the security documents and to perform its obligations and exercise its rights thereunder in accordance therewith. The Company will deliver to the Trustee copies of all documents delivered to the collateral trustee pursuant to the security
documents, and will do or cause to be done all such acts and things as may be necessary, and as may be required by the provisions of the security documents, to assure and confirm to the Trustee and the collateral trustee the security interest in the
Collateral contemplated hereby, by the security documents or any part thereof, as from time to time constituted, so as to render the same available for the security and benefit of this Indenture and of the Notes secured hereby, according to the
intent and purposes herein expressed. The Company will take, and will cause its Subsidiaries to take, upon request of the Trustee, any and all actions reasonably required to cause the security documents to create and maintain, as security

  
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for the Obligations of the Company hereunder, a valid and enforceable perfected Parity Lien in and on all the Collateral, in favor of the collateral trustee for the benefit of the Holders of
Notes, superior to and prior to the rights of all third Persons and subject to no Liens other than Permitted Liens. 
 Section 10.02. Recording and
Opinions. 
 (a) Promptly after the effectiveness of this Indenture, to the extent required by the TIA, the Company shall deliver the
opinion(s) required by Section 314(b)(1) of the TIA. Subsequent to the execution and delivery of this Indenture, to the extent required by the TIA, the Company shall furnish to the Trustee on or prior to each anniversary of the date hereof, an
Opinion of Counsel, dated as of such date, stating either that (i) in the opinion of such counsel, all action has been taken with respect to any filing, re-filing, recording or re-recording with respect to the Collateral as is necessary to
maintain the Lien on the Collateral in favor of the Holders or (ii) in the opinion of such counsel, that no such action is necessary to maintain such Lien. 

(b) The Company will otherwise comply with the provisions of TIA §314. 

Section 10.03. Release of Collateral. 

(a) Subject to subsections (b), (c) and (d) of this Section 10.03, Collateral may be released from the Lien and security
interest created by the security documents at any time or from time to time in accordance with the provisions of the security documents or as provided hereby. In addition, upon the request of the Company pursuant to an Officers’ Certificate and
Opinion of Counsel certifying that all conditions precedent hereunder have been met and stating whether or not such release is in connection with an Asset Sale (at the sole cost and expense of the Company) the collateral trustee will release
Collateral that is sold, conveyed or disposed of in compliance with the provisions of this Indenture; provided that if such sale, conveyance or disposition constitutes an Asset Sale, the Company will apply the Net Proceeds in accordance with
Section 4.10 hereof. Upon receipt of such Officers’ Certificate and Opinion of Counsel the collateral trustee shall execute, deliver or acknowledge any necessary or proper instruments of termination, satisfaction or release to evidence the
release of any Collateral permitted to be released pursuant to this Indenture or the security documents. 
 (b) No Collateral may be
released from the Lien and security interest created by the security documents pursuant to the provisions of the security documents unless the certificate required by this Section 10.03 has been delivered to the collateral trustee. 

(c) At any time when a Default or Event of Default has occurred and is continuing and the maturity of the Notes has been accelerated (whether
by declaration or otherwise) and the Trustee has delivered a notice of acceleration to the collateral trustee, no release of Collateral pursuant to the provisions of the security documents will be effective as against the Holders of Notes. 

(d) The release of any Collateral from the terms of this Indenture and the security documents will not be deemed to impair the security under
this Indenture in contravention of the provisions hereof if and to the extent the Collateral is released pursuant to the terms of the security documents. To the extent applicable, the Company will cause TIA §313(b), relating to reports, and TIA
§314(d), relating to the release of property or securities from the Lien and security interest of the security documents and relating to the substitution therefor of any property or securities to be subjected to the Lien and security interest
of the security documents, to be complied with. Any certificate or opinion required by TIA §314(d) may be made by an Officer of the Company except in cases where TIA §314(d) requires that such certificate or opinion be made by an
independent Person, which Person will be an independent engineer, appraiser or other expert selected or approved by the Trustee and the collateral trustee in the exercise of reasonable care. 

(e) Notwithstanding anything to the contrary herein, the Company shall not be required to comply with all or any portion of TIA §314(d)
if it determines, in good faith based on advice of counsel, that under the terms of TIA §314(d) and/or any interpretation or guidance as to the meaning thereof of the Commission and its staff, including “no action” letters or
exemptive orders, all or any portion of TIA §314(d) is inapplicable to one or a series of released Collateral. 

  
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 Section 10.04. Certificates of the Company. 

The Company will furnish to the Trustee and the collateral trustee, prior to each proposed release of Collateral pursuant to the security
documents: 
 (1) all documents required by TIA §314(d); and 

(2) an Opinion of Counsel to the effect that such accompanying documents constitute all documents required by TIA §314(d).

 The Trustee may, to the extent permitted by Sections 7.01 and 7.02 hereof, accept as conclusive evidence of compliance with the foregoing
provisions the appropriate statements contained in such documents and such Opinion of Counsel. 
 Section 10.05. Certificates of the Trustee.

 In the event that the Company wishes to release Collateral in accordance with the security documents and has delivered the
certificates and documents required by the security documents and Sections 10.03 and 10.04 hereof, the Trustee will determine whether it has received all documentation required by TIA §314(d) in connection with such release and, based on such
determination and the Opinion of Counsel delivered pursuant to Section 10.04(2) hereof, will deliver a certificate to the Collateral Agent setting forth such determination. 

Section 10.06. Authorization of Actions to Be Taken by the Trustee Under the Security Documents. 

Subject to the provisions of Section 7.01 and 7.02 hereof and of the security documents, the Trustee may, in its sole discretion and
without the consent of the Holders of Notes, direct, on behalf of the Holders of Notes, the collateral trustee to, take all actions it deems necessary or appropriate in order to: 

(1) enforce any of the terms of the security documents; and 

(2) collect and receive any and all amounts payable in respect of the Obligations of the Company hereunder. 

The Trustee will have power to institute and maintain such suits and proceedings as it may deem expedient to prevent any impairment of the
Collateral by any acts that may be unlawful or in violation of the security documents or this Indenture, and such suits and proceedings as the Trustee may deem expedient to preserve or protect its interests and the interests of the Holders of Notes
in the Collateral (including power to institute and maintain suits or proceedings to restrain the enforcement of or compliance with any legislative or other governmental enactment, rule or order that may be unconstitutional or otherwise invalid if
the enforcement of, or compliance with, such enactment, rule or order would impair the security interest hereunder or be prejudicial to the interests of the Holders of Notes or of the Trustee). 

  
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 Section 10.07. Authorization of Receipt of Funds by the Trustee Under the Security Documents. 

The Trustee is authorized to receive any funds for the benefit of the Holders of Notes distributed under the security documents, and to make
further distributions of such funds to the Holders of Notes according to the provisions of this Indenture. 
 Section 10.08. Termination of Security
Interest. 
 Upon the full and final payment and performance of all Obligations of the Company under this Indenture and the Notes or
upon Legal Defeasance, Covenant Defeasance or satisfaction and discharge of this Indenture in accordance with Article 11 hereof, the Trustee will, at the request of the Company, deliver a certificate to the collateral trustee stating that such
Obligations have been paid in full, and instruct the collateral trustee to release the Liens pursuant to this Indenture and the security documents. 

Section 10.09. Collateral 
 (a) The
Company will grant a mortgage in any owned real property acquired after the date of this Indenture with a value in excess of $1,000,000 and any ground-leased real property acquired after the date of this Indenture with a value in excess of
$1,000,000. If, following the date of this Indenture, the Company or any Guarantor is required to grant a mortgage on any interest in real property in accordance with the foregoing, the Company or such Guarantor will execute and/or deliver to the
collateral trustee the following: 
 (1) in the event the value of such property exceeds $3,000,000, (a) flood
certificates and flood insurance (if applicable), A.L.T.A. (or local equivalent) surveys, an opinion of counsel and other customary documents, in each case to the extent required by (i) the Credit Agreement Agent or another Priority Lien Debt
Representative (in the event the Credit Agreement remains in effect) or (ii) the security documents (in the event the Credit Agreement has terminated) and (b) a mortgage and title insurance policy; or 

(2) in the event the value of such property does not exceed $3,000,000, a mortgage, title insurance policy, flood certificates
and flood insurance (if applicable), A.L.T.A. (or local equivalent) surveys, an opinion of counsel and other customary documents, in each case to the extent required by (i) the Credit Agreement Agent or another Priority Lien Debt Representative
(in the event the Credit Agreement remains in effect) or (ii) the security documents (in the event the Credit Agreement has terminated), 
 within 45
days after the date the applicable interest in real property is acquired (or such later date as the comparable documentation is required to be delivered under the Credit Agreement, after giving effect to any waiver or extension obtained from the
administrative agent and/or the lenders thereunder, in the event that (x) the Credit Agreement remains in effect and (y) in the case of clause (a)(1)(b) of this Section 10.09, the Credit Agreement Agent is requiring the comparable
documentation). Delivery of an environmental site assessment is required only to the extent required to be delivered by the Credit Agreement Agent or another Priority Lien Debt Representative within such time frame as required under the Credit
Agreement (or such later date as the comparable documentation is required to be delivered under the Credit Agreement, after giving effect to any waiver or extension obtained from the Credit Agreement Agent and/or the lenders thereunder). 

  
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 Within nine months of the date hereof (or such later date as may be required under the Credit
Agreement, after giving effect to any waiver or extension obtained from the Credit Agreement Agent and/or the lenders thereunder, in the event that (x) the Credit Agreement remains in effect and (y) the Credit Agreement Agent is requiring
the comparable documentation), the Company and the Guarantors shall have granted a perfected Parity Lien on all aircraft owned by the Company or the Guarantors as of the nine-month anniversary of the date hereof and constituting Collateral, and the
Company and the Guarantors shall grant a perfected Parity Lien on all aircraft thereafter acquired that constitutes Collateral and take such other actions as may be necessary to perfect such Parity Lien in such after-acquired aircraft that
constitutes Collateral. 
 (b) The Company will use commercially reasonable efforts to perfect as of the date of this Indenture the security
interests in the Collateral for the benefit of the Holders of the Notes that are created on the date of this Indenture, but to the extent any such security interest cannot be perfected by such date, the Company will use commercially reasonable
efforts to do or cause to be done all acts and things that may be required, to have all security interests in the Collateral duly created and enforceable and perfected, and all mortgages recorded, to the extent required by the security documents,
promptly following the date of this Indenture, and all such security interests in the Collateral will have been duly created and be enforceable and perfected, and all mortgages recorded, to the extent required by the security documents,
(a) with respect to the mortgages on the owned real property, no later than 90 days after the date of this Indenture with respect to recording any such mortgage on the owned real property, (b) with respect to the mortgages on ground leased
real property and provided the Company has received any applicable landlord consents in writing on terms reasonably acceptable to the Company, no later than 90 days after the date of this Indenture with respect to delivering and recording any
mortgage on ground leased real property, (c) with respect to any other assets and property, no later than 90 days after the date of this Indenture or (d) notwithstanding (a) through (c), inclusive, above, such later date as such
mortgage is required to be delivered and/or recorded or such security interests in the Collateral are required to be duly created and enforceable and perfected under (A) the Credit Agreement, after giving effect to any waiver or extension
obtained from the Credit Agreement Agent and/or the lenders thereunder, (in the event the Credit Agreement remains in effect) or (B) the security documents (in the event the Credit Agreement has terminated). 

(c) From and after the date of this Indenture, if the Company or any Guarantor creates any additional Priority Lien upon any property to
secure the Priority Lien Debt Obligations, it must grant a Parity Lien upon such property as security for the Notes substantially concurrently with granting any such additional Priority Lien. 

(d) Notwithstanding: 

(1) anything to the contrary contained in the security documents; 

(2) the time of incurrence of any Series of Parity Lien Debt; 

(3) the order or method of attachment or perfection of any Liens securing any Series of Parity Lien Debt; 

(4) the time or order of filing or recording of financing statements, mortgages or other documents filed or recorded to perfect
any Lien upon any Collateral; 
 (5) the time of taking possession or control over any Collateral; 

  
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 (6) that any Parity Lien may not have been perfected or may be or have become
subordinated, by equitable subordination or otherwise, to any other Lien; or 
 (7) the rules for determining priority under
any law governing relative priorities of Liens, 
 all Parity Liens granted at any time by the Company or any other Pledgor will secure, equally and
ratably, all present and future Parity Lien Debt Obligations and all proceeds of all Parity Liens granted at any time by the Company or any other Pledgor will be allocated and distributed equally and ratably on account of the Parity Lien Debt and
other Parity Lien Debt Obligations. 
 This Section 10.09(d) is intended for the benefit of, and will be enforceable as a third party
beneficiary by, each present and future holder of Parity Lien Debt Obligations, each present and future Parity Lien Debt Representative and the collateral trustee as holder of Parity Liens. The Parity Lien Debt Representative of each future Series
of Parity Lien Debt will be required to deliver a Lien Sharing and Priority Confirmation to the collateral trustee and the Trustee at the time of incurrence of such Series of Parity Lien Debt. 

(e) Notwithstanding: 

(1) anything to the contrary contained in the security documents; 

(2) the time of incurrence of any Series of Secured Debt; 

(3) the order or method of attachment or perfection of any Liens securing any Series of Secured Debt; 

(4) the time or order of filing or recording of financing statements, mortgages or other documents filed or recorded to perfect
any Lien upon any Collateral; 
 (5) the time of taking possession or control over any Collateral; 

(6) that any Priority Lien may not have been perfected or may be or have become subordinated, by equitable subordination or
otherwise, to any other Lien; or 
 (7) the rules for determining priority under any law governing relative priorities of
Liens, 
 all Parity Liens at any time granted by the Company or any other Pledgor will be subject and subordinate to all Priority Liens at
any time securing Priority Lien Debt Obligations. 
 This Section 10.09(e) is intended for the benefit of, and will be enforceable as a
third party beneficiary by, each present and future holder of Priority Lien Debt Obligations, each present and future Priority Lien Debt Representatives and the collateral trustee as holder of Priority Liens. No other Person will be entitled to rely
on, have the benefit of or enforce those provisions. The Parity Lien Debt Representative of each future Series of Parity Lien Debt will be required to deliver a Lien Sharing and Priority Confirmation to the collateral trustee and each Priority Lien
Debt Representative at the time of incurrence of such Series of Parity Lien Debt. 

  
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 (f) Nothing in the Note Documents will: 

(1) impair, as between the Company and the Holders of the Notes, the obligation of the Company to pay principal of, premium and
interest on the Notes in accordance with their terms or any other obligation of the Company or any other Pledgor; 
 (2)
affect the relative rights of Holders of Notes as against any other creditors of the Company or any other Pledgor (other than holders of Priority Liens, Permitted Liens or other Parity Liens); 

(3) restrict the right of any Holder of Notes to sue for payments that are then due and owing (but not enforce any judgment in
respect thereof against any Collateral to the extent specifically prohibited by the provisions described above under the Sections 2.4 and 2.8 of the collateral trust agreement); 

(4) restrict or prevent any Holder of Notes or other Parity Lien Debt Obligations, the collateral trustee or any Parity Lien
Debt Representative from exercising any of its rights or remedies upon a Default or Event of Default not specifically restricted or prohibited by Section 2.4 or Section 2.8 of the collateral trust agreement; or 

(5) restrict or prevent any Holder of Notes or other Parity Lien Debt Obligations, the collateral trustee or any Parity Lien
Debt Representative from taking any lawful action in an insolvency or liquidation proceeding not specifically restricted or prohibited by Section 2.4 or Section 2.8 of the collateral trust agreement. 

(g) The Company and each of the other Pledgors will do or cause to be done all acts and things that may be required, or that the collateral
trustee from time to time may reasonably request, to assure and confirm that the collateral trustee holds, for the benefit of the holders of Secured Obligations, duly created and enforceable and perfected Liens upon the Collateral (including any
property or assets that are acquired or otherwise become, or are required by any Secured Debt Document to become, Collateral after the Notes are issued), in each case, as contemplated by, and with the Lien priority required under, the Secured Debt
Documents. 
 The Company and each of the other Pledgors will promptly execute, acknowledge and deliver such security documents,
instruments, certificates, notices and other documents, and take such other actions as shall be reasonably required, or that the collateral trustee may reasonably request, to create, perfect, protect, assure or enforce the Liens and benefits
intended to be conferred, in each case as contemplated by the Secured Debt Documents for the benefit of the holders of Secured Obligations. 

The Company and the other Pledgors will: 

(1) keep their properties adequately insured at all times by financially sound and reputable insurers; 

(2) maintain such other insurance, to such extent and against such risks (and with such deductibles, retentions and
exclusions), including fire and other risks insured against by extended coverage and coverage for acts of terrorism, as is customary with companies in the same or similar businesses operating in the same or similar locations, including public
liability insurance against claims for personal injury or death or property damage occurring upon, in, about or in connection with the use of any properties owned, occupied or controlled by them; 

(3) maintain such other insurance as may be required by law; 

  
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 (4) maintain title insurance on all owned real property Collateral insuring the
collateral trustee’s Lien on that property, subject only to Permitted Liens and other exceptions to title approved by the collateral trustee (except that title insurance need only be maintained on any particular parcel of real property if and
to the extent title insurance is maintained in respect of Priority Liens on that property); and 
 (5) maintain such other
insurance as may be required by the security documents. 
 Upon the request of the collateral trustee, the Company and the other Pledgors
will furnish to the collateral trustee full information as to their property and liability insurance carriers. Holders of Secured Obligations, as a class, will be named as additional insureds, with a waiver of subrogation, on all general liability,
umbrella liability and automobile insurance policies of the Company and the other Pledgors and the collateral trustee will be named as a lender loss payee in respect of the Collateral, with 30 days’ notice of cancellation (except in the case of
notice if cancellation for nonpayment, which shall be 10 days’ notice) or material change, on all property and casualty insurance policies of the Company and the other Pledgors. 

ARTICLE 11. 
 NOTE GUARANTEES 

Section 11.01. Guarantee. 
 (a)
Subject to this Article 11, each of the Guarantors hereby, jointly and severally, unconditionally guarantees to each Holder of a Note authenticated and delivered by the Trustee and to the Trustee and its successors and assigns, irrespective of the
validity and enforceability of this Indenture, the Notes or the obligations of the Company hereunder or thereunder, that: 

(1) the principal of, premium, if any, on, and interest on the Notes will be promptly paid in full when due, whether at
maturity, by acceleration, redemption or otherwise, and interest on the overdue principal of, premium on, if any, and interest on, the Notes, if lawful, and all other obligations of the Company to the Holders or the Trustee hereunder or thereunder
will be promptly paid in full or performed, all in accordance with the terms hereof and thereof; and 
 (2) in case of any
extension of time of payment or renewal of any Notes or any of such other obligations, that same will be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, whether at Stated Maturity, by
acceleration or otherwise. 
 Failing payment when due of any amount so guaranteed or any performance so guaranteed for whatever reason, the
Guarantors will be jointly and severally obligated to pay the same immediately. Each Guarantor agrees that this is a guarantee of payment and not a guarantee of collection. 

(b) The Guarantors hereby agree that their obligations hereunder are unconditional, irrespective of the validity, regularity or enforceability
of the Notes or this Indenture, the absence of any action to enforce the same, any waiver or consent by any Holder of the Notes with respect to any provisions hereof or thereof, the recovery of any judgment against the Company, any action to enforce
the same or any other circumstance which might otherwise constitute a legal or equitable discharge or defense of a guarantor. Each Guarantor hereby waives diligence, presentment, demand of payment, filing of claims with a court in the event of
insolvency or bankruptcy of the Company, any right to require a proceeding first against the Company, protest, notice and all demands whatsoever and covenant that this Note Guarantee will not be discharged except by complete performance of the
obligations contained in the Notes and this Indenture. 

  
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 (c) If any Holder or the Trustee is required by any court or otherwise to return to the Company,
the Guarantors or any custodian, trustee, liquidator or other similar official acting in relation to either the Company or the Guarantors, any amount paid by either to the Trustee or such Holder, this Note Guarantee, to the extent theretofore
discharged, will be reinstated in full force and effect. 
 (d) Each Guarantor agrees that it will not be entitled to any right of
subrogation in relation to the Holders in respect of any obligations guaranteed hereby until payment in full of all obligations guaranteed hereby. Each Guarantor further agrees that, as between the Guarantors, on the one hand, and the Holders and
the Trustee, on the other hand, (1) the maturity of the obligations guaranteed hereby may be accelerated as provided in Article 6 hereof for the purposes of this Note Guarantee, notwithstanding any stay, injunction or other prohibition
preventing such acceleration in respect of the obligations guaranteed hereby, and (2) in the event of any declaration of acceleration of such obligations as provided in Article 6 hereof, such obligations (whether or not due and payable) will
forthwith become due and payable by the Guarantors for the purpose of this Note Guarantee. The Guarantors will have the right to seek contribution from any non-paying Guarantor so long as the exercise of such right does not impair the rights of the
Holders under the Note Guarantee. 
 Section 11.02. Limitation on Guarantor Liability. 

Each Guarantor, and by its acceptance of Notes, each Holder, hereby confirms that it is the intention of all such parties that the Note
Guarantee of such Guarantor not constitute a fraudulent transfer or conveyance for purposes of Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar federal or state law to the extent applicable to
any Note Guarantee. To effectuate the foregoing intention, the Trustee, the Holders and the Guarantors hereby irrevocably agree that the obligations of such Guarantor will be limited to the maximum amount that will, after giving effect to such
maximum amount and all other contingent and fixed liabilities of such Guarantor that are relevant under such laws, and after giving effect to any collections from, rights to receive contribution from or payments made by or on behalf of any other
Guarantor in respect of the obligations of such other Guarantor under this Article 11, result in the obligations of such Guarantor under its Note Guarantee not constituting a fraudulent transfer or conveyance. 

Section 11.03. Execution and Delivery of Note Guarantee. 

To evidence its Note Guarantee set forth in Section 11.01 hereof, each Guarantor hereby agrees that this Indenture will be executed on
behalf of such Guarantor by one of its Officers. 
 If an Officer whose signature is on this Indenture no longer holds that office at the
time the Trustee authenticates the Note, the Note Guarantee will be valid nevertheless. 
 The delivery of any Note by the Trustee, after
the authentication thereof hereunder, will constitute due delivery of the Note Guarantee set forth in this Indenture on behalf of the Guarantors. 

  
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 Section 11.04. Guarantors May Consolidate, etc., on Certain Terms. 

Except as otherwise provided in Section 11.05 hereof, no Guarantor may sell or otherwise dispose of all or substantially all of its
assets to, or consolidate with or merge with or into (whether or not such Guarantor is the surviving Person) another Person, other than the Company or another Guarantor, unless: 

(1) immediately after giving effect to such transaction, no Default or Event of Default exists; and 

(2) either: 

(a) subject to Section 11.05 hereof, the Person acquiring the property in any such sale or disposition or the Person
formed by or surviving any such consolidation or merger unconditionally assumes all the obligations of that Guarantor under its Note Guarantee, this Indenture and the security documents on the terms set forth herein or therein, pursuant to a
supplemental indenture, joinder or and appropriate security documents in form and substance reasonably satisfactory to the Trustee; or 

(b) the Net Proceeds of such sale or other disposition are applied in accordance with the applicable provisions of this
Indenture, including without limitation, Section 4.10 hereof. 
 In case of any such consolidation, merger, sale or conveyance and upon
the assumption by the successor Person, by supplemental indenture, executed and delivered to the Trustee and satisfactory in form to the Trustee, of the Note Guarantee endorsed upon the Notes and the due and punctual performance of all of the
covenants and conditions of this Indenture to be performed by the Guarantor, such successor Person will succeed to and be substituted for the Guarantor with the same effect as if it had been named herein as a Guarantor. Such successor Person
thereupon may cause to be signed any or all of the Note Guarantees to be endorsed upon all of the Notes issuable hereunder which theretofore shall not have been signed by the Company and delivered to the Trustee. All the Note Guarantees so issued
will in all respects have the same legal rank and benefit under this Indenture as the Note Guarantees theretofore and thereafter issued in accordance with the terms of this Indenture as though all of such Note Guarantees had been issued at the date
of the execution hereof. 
 Except as set forth in Articles 4 and 5 hereof, and notwithstanding clauses 2(a) and (b) above, nothing
contained in this Indenture or in any of the Notes will prevent any consolidation or merger of a Guarantor with or into the Company or another Guarantor, or will prevent any sale or conveyance of the property of a Guarantor as an entirety or
substantially as an entirety to the Company or another Guarantor. 
 Section 11.05. Releases. 

(a) The Note Guarantee of a Guarantor will be released automatically: 

(1) in connection with any sale or other disposition of all or substantially all of the assets of that Guarantor, by way of
merger, consolidation or otherwise, to a Person that is not (either before or after giving effect to such transaction) the Company or a Restricted Subsidiary of the Company, if the sale or other disposition does not violate Section 3.09 and
Section 4.10 of this Indenture; 
 (2) in connection with any sale or other disposition of Capital Stock of that
Guarantor to a Person that is not (either before or after giving effect to such transaction) the Company or a Restricted Subsidiary of the Company, if the sale or other disposition does not violate Section 3.09 and Section 4.10 of this
Indenture and the Guarantor ceases to be a Wholly-Owned Domestic Subsidiary of the Company as a result of the sale or other disposition; provided that following any such sale or other disposition of Capital Stock, such Guarantor does not
Guarantee the Credit Agreement; 

  
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 (3) if the Company designates any Restricted Subsidiary that is a Guarantor to be
an Unrestricted Subsidiary in accordance with Section 4.19 of this Indenture; 
 (4) upon legal defeasance, covenant
defeasance or satisfaction and discharge of this Indenture as provided in Section 8.02, Section 8.03 and Section 12.01; or 

(5) in the case of any Guarantor that would not otherwise be required by this Indenture to provide a Note Guarantee if such
Guarantor did not Guarantee the Credit Agreement, if such Guarantor’s Guarantee of the Credit Agreement is released in accordance with the terms thereof (unless such release is made in connection with payment by such Guarantor upon its
Guarantee). 
 (b) Any Guarantor not released from its obligations under its Note Guarantee as provided in this Section 11.05 will
remain liable for the full amount of principal of, premium on, if any, and interest on, the Notes and for the other obligations of any Guarantor under this Indenture as provided in this Article 11. 

ARTICLE 12 
 SATISFACTION AND
DISCHARGE 
 Section 12.01 Satisfaction and Discharge. 

This Indenture will be discharged and will cease to be of further effect as to all Notes issued hereunder, when: 

(1) either: 

(a) all Notes that have been authenticated, except lost, stolen or destroyed Notes that have been replaced or paid and Notes
for whose payment money has been deposited in trust and thereafter repaid to the Company, have been delivered to the Trustee for cancellation; or 

(b) all Notes that have not been delivered to the Trustee for cancellation have become due and payable by reason of the
sending of a notice of redemption or otherwise, will become due and payable within one year or are to be called for redemption within one year under arrangements compliant with this Indenture for the giving of notice of redemption by the Trustee in
the name, and at the expense, of the Company, and the Company or any Guarantor has irrevocably deposited or caused to be deposited with the Trustee as trust funds in trust solely for the benefit of the Holders, cash in U.S. dollars, non-callable
Government Securities, or a combination thereof, in such amounts as will be sufficient, without consideration of any reinvestment of interest, to pay and discharge the entire Indebtedness on the Notes not delivered to the Trustee for cancellation
for principal, premium, if any, and interest to the date of maturity or redemption; 
 (2) in respect of
Section 12.01(1)(b), no Default or Event of Default has occurred and is continuing on the date of the deposit (other than a Default or Event of Default resulting from the borrowing of funds to be applied to such deposit and any similar deposit
relating to other Indebtedness and, in each case, the granting of Liens to secure such borrowings) and the deposit will not result in a breach or violation of, or constitute a default under, any other instrument to which the Company or any Guarantor
is a party or by which the Company or any Guarantor is bound (other than with respect to the borrowing of funds to be applied concurrently to make the deposit required to effect such satisfaction and discharge and any similar concurrent deposit
relating to other Indebtedness, and in each case the granting of Liens to secure such borrowings); 

  
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 (3) the Company or any Guarantor has paid or caused to be paid all sums payable
by it under this Indenture; and 
 (4) the Company has delivered irrevocable instructions to the Trustee under this Indenture
to apply the deposited money toward the payment of the Notes at maturity or on the redemption date, as the case may be. 
 In addition, the Company must
deliver an Officers’ Certificate and an Opinion of Counsel to the Trustee stating that all conditions precedent to satisfaction and discharge have been satisfied. 

Notwithstanding the satisfaction and discharge of this Indenture, if money has been deposited with the Trustee pursuant to subclause
(b) of clause (1) of this Section 12.01, the provisions of Sections 12.02 and 8.06 hereof will survive. In addition, nothing in this Section 12.01 will be deemed to discharge those provisions of Section 7.07 hereof, that, by
their terms, survive the satisfaction and discharge of this Indenture. 
 Section 12.02 Application of Trust Money. 

Subject to the provisions of Section 8.06 hereof, all money deposited with the Trustee pursuant to Section 12.01 hereof shall be
held in trust and applied by it, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as its own Paying Agent) as the Trustee may determine, to
the Persons entitled thereto, of the principal, premium, if any, and interest for whose payment such money has been deposited with the Trustee; but such money need not be segregated from other funds except to the extent required by law. 

If the Trustee or Paying Agent is unable to apply any money or Government Securities in accordance with Section 12.01 hereof by reason of
any legal proceeding or by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, the Company’s and any Guarantor’s obligations under this Indenture and the
Notes shall be revived and reinstated as though no deposit had occurred pursuant to Section 12.01 hereof; provided that if the Company has made any payment of principal of, premium on, if any, or interest on, any Notes because of the
reinstatement of its obligations, the Company shall be subrogated to the rights of the Holders of such Notes to receive such payment from the money or Government Securities held by the Trustee or Paying Agent. 

ARTICLE 13 
 MISCELLANEOUS 

Section 13.01 Trust Indenture Act Controls. 

If any provision of this Indenture limits, qualifies or conflicts with the duties imposed by TIA §318(c), the imposed duties will
control. 
 Section 13.02 Notices. 

Any notice or communication by the Company, any Guarantor or the Trustee to the others is duly given if in writing and delivered in person or
by first class mail (registered or certified, return receipt requested), facsimile transmission or overnight air courier guaranteeing next day delivery, to the others’ address: 

If to the Company and/or any Guarantor: 

Carmike Cinemas, Inc. 
 1301 First
Avenue 
 Columbus, Georgia 31901 

Facsimile No.: (706) 324-0470 

Attention: Chief Financial Officer 

  
 101 

 With a copy to: 

King & Spalding LLP 

1180 Peachtree Street N.E. 

Atlanta, Georgia 30309 
 Facsimile
No.: (404) 572-5133 
 Attention: Alan Prince, Esq. 

If to the Trustee: 
 Wells Fargo
Bank, National Association 
 150 East 42nd Street 

40th Floor 

New York, NY 10017 
 Facsimile
No.: (917) 260-1593 
 Attention: Corporate Trust Services, Administrator - Carmike Cinemas, Inc. 

With a copy to: 
 Thompson Hine
LLP 
 335 Madison Avenue 
 12th Floor 
 New York, NY, 10017 

Facsimile No.: (212) 344-6101 

Attention: Irving C. Apar, Esq. 

The Company, any Guarantor or the Trustee, by notice to the others, may designate additional or different addresses for subsequent notices or
communications. 
 All notices and communications (other than those sent to Holders) will be deemed to have been duly given: at the time
delivered by hand, if personally delivered; five Business Days after being deposited in the mail, postage prepaid, if mailed; when receipt acknowledged, if transmitted by facsimile; and the next Business Day after timely delivery to the courier, if
sent by overnight air courier guaranteeing next day delivery. 
 Any notice or communication to a Holder will be mailed by first class mail,
certified or registered, return receipt requested, or by overnight air courier guaranteeing next day delivery to its address shown on the register kept by the Registrar. Any notice or communication will also be so mailed to any Person described in
TIA §313(c), to the extent required by the TIA. Failure to mail a notice or communication to a Holder or any defect in it will not affect its sufficiency with respect to other Holders. 

If a notice or communication is mailed in the manner provided above within the time prescribed, it is duly given, whether or not the addressee
receives it. 

  
 102 

 If the Company mails a notice or communication to Holders, it will mail a copy to the Trustee and
each Agent at the same time. 
 Section 13.03 Communication by Holders of Notes with Other Holders of Notes. 

Holders may communicate pursuant to TIA §312(b) with other Holders with respect to their rights under this Indenture or the Notes. The
Company, the Trustee, the Registrar and anyone else shall have the protection of TIA §312(c). 
 Section 13.04 Certificate and Opinion as to
Conditions Precedent. 
 Upon any request or application by the Company to the Trustee to take any action under this Indenture, the
Company shall furnish to the Trustee: 
 (1) an Officers’ Certificate in form and substance reasonably satisfactory to
the Trustee (which must include the statements set forth in Section 13.05 hereof) stating that, in the opinion of the signers, all conditions precedent and covenants, if any, provided for in this Indenture relating to the proposed action have
been satisfied; and 
 (2) an Opinion of Counsel in form and substance reasonably satisfactory to the Trustee (which must
include the statements set forth in Section 13.05 hereof) stating that, in the opinion of such counsel, all such conditions precedent and covenants have been satisfied. 

Section 13.05 Statements Required in Certificate or Opinion. 

Each certificate or opinion with respect to compliance with a condition or covenant provided for in this Indenture (other than a certificate
provided pursuant to TIA §314(a)(4)) must comply with the provisions of TIA §314(e) and must include: 
 (1) a
statement that the Person making such certificate or opinion has read such covenant or condition; 
 (2) a brief statement as
to the nature and scope of the examination or investigation upon which the statements or opinions contained in such certificate or opinion are based; 

(3) a statement that, in the opinion of such Person, he or she has made such examination or investigation as is necessary to
enable him or her to express an informed opinion as to whether or not such covenant or condition has been satisfied; and 

(4) a statement as to whether or not, in the opinion of such Person, such condition or covenant has been satisfied. 

With respect to matters of fact, an Opinion of Counsel may rely on an Officer’s Certificate, certificates of public officials or reports or opinions of
experts. 
 Section 13.06 Rules by Trustee and Agents. 

The Trustee may make reasonable rules for action by or at a meeting of Holders. The Registrar or Paying Agent may make reasonable rules and
set reasonable requirements for its functions. 

  
 103 

 Section 13.07 No Personal Liability of Directors, Officers, Employees and Stockholders. 

No director, officer, employee, incorporator or stockholder of the Company or any Guarantor, as such, will have any liability for any
obligations of the Company or the Guarantors under the Note Documents or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of Notes by accepting a Note waives and releases all such liability. The
waiver and release are part of the consideration for issuance of the Notes. The waiver may not be effective to waive liabilities under the federal securities laws. 

Section 13.08 Governing Law. 
 THE INTERNAL LAW OF
THE STATE OF NEW YORK WILL GOVERN AND BE USED TO CONSTRUE THIS INDENTURE, THE NOTES AND THE NOTE GUARANTEES WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION
WOULD BE REQUIRED THEREBY. THE COMPANY, THE TRUSTEE AND THE GUARANTORS HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING OUT OF OR RELATING TO THIS INDENTURE, THE
NOTES, OR THE TRANSACTION CONTEMPLATED HEREBY. 
 Section 13.09 No Adverse Interpretation of Other Agreements. 

This Indenture may not be used to interpret any other indenture, loan or debt agreement of the Company or its Subsidiaries or of any other
Person. Any such indenture, loan or debt agreement may not be used to interpret this Indenture. 
 Section 13.10 Successors. 

All agreements of the Company in this Indenture and the Notes will bind its successors. All agreements of the Trustee in this Indenture will
bind its successors. All agreements of each Guarantor in this Indenture will bind its successors, except as otherwise provided in Section 11.05 hereof. 

Section 13.11 Severability. 
 In
case any provision in this Indenture or in the Notes is invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions will not in any way be affected or impaired thereby. 

Section 13.12 Counterpart Originals. 

The parties may sign any number of copies of this Indenture. Each signed copy will be an original, but all of them together represent the same
agreement. Signatures of the parties hereto transmitted by facsimile or PDF shall be deemed original signatures for all purposes. The exchange of copies of this Indenture and of executed signature pages by facsimile or PDF shall constitute effective
execution and delivery hereof. 

  
 104 

 Section 13.13 Table of Contents, Headings, etc. 

The Table of Contents, Cross-Reference Table and Headings of the Articles and Sections of this Indenture have been inserted for convenience of
reference only, are not to be considered a part of this Indenture and will in no way modify or restrict any of the terms or provisions hereof. 

Section 13.14 U.S.A. Patriot Act. 

The parties hereto acknowledge that in accordance with Section 326 of the U.S.A. Patriot Act, the Trustee and the collateral agent, like
all financial institutions and in order to help fight the funding of terrorism and money laundering, are required to obtain, verify, and record information that identifies each person or legal entity that establishes a relationship or opens an
account with the Trustee or the collateral agent. The parties to this Indenture agree that they will provide the Trustee and the collateral agent with such information as they may reasonably request in order for the Trustee and the collateral agent
to satisfy the requirements of the U.S.A. Patriot Act. 
 Section 13.15 Force Majeure. 

In no event shall the Trustee or the collateral agent be responsible or liable for any failure or delay in the performance of their
obligations hereunder arising out of or caused by, directly or indirectly, forces beyond its control, including, without limitation, strikes, work stoppages, accidents, acts of war or terrorism, civil or military disturbances, nuclear or natural
catastrophes or acts of God, and interruptions, loss or malfunctions of utilities, communications or computer (software and hardware) services; it being understood that the Trustee and the collateral agent shall use reasonable efforts which are
consistent with accepted practices in the banking industry to resume performance as soon as practicable under the circumstances. 

[Signatures on following page] 

  
 105 

 SIGNATURES 

Dated as of June 17, 2015 
  

			
	COMPANY:
	
	Carmike Cinemas, Inc.
		
	By:		 /s/ Daniel E. Ellis

	Name:		Daniel E. Ellis
	Title:		 Senior Vice President, General Counsel
 &
Secretary

	
	GUARANTORS:
	
	 Eastwynn Theatres, Inc.
 George G.
Kerasotes Corporation
 GKC Indiana Theatres, Inc.
 GKC Michigan
Theatres, Inc.
 GKC Theatres, Inc.
 Military Services, Inc.

Digital Cinema Destinations Corp.

		
	By:		 /s/ Daniel E. Ellis

	Name:		Daniel E. Ellis
	Title:		Senior Vice President, General Counsel and Secretary
	
	Carmike Giftco, Inc.
		
	By:		 /s/ Greg Wiggins

	Name:		Greg Wiggins
	Title:		President and Chief Executive Officer

 
			
	 SETH CHILDS 12 OF KANSAS L.L.C.

CARMIKE CONCESSIONS, LLC
 CARMIKE CONCESSIONS II, LLC

DC APPLE VALLEY CINEMA, LLC
 DC BLOOMFIELD CINEMA, LLC

DC CHURCHVILLE CINEMA, LLC
 DC CINEMA CENTERS, LLC

DC CRANFORD CINEMA, LLC
 DC LANSING CINEMA, LLC

DC LISBON CINEMA, LLC
 DC LONDONDERRY CINEMA, LLC

DC MECHANICSBURG CINEMA, LLC
 DC MISSION MARKETPLACE CINEMA,
LLC
 DC NEW SMYRNA BEACH CINEMA, LLC
 DC PIGEON FORGE, LLC

DC POWAY CINEMA, LLC
 DC RIVER VILLAGE CINEMA, LLC

DC SARVER CINEMA, LLC
 DC SOLON CINEMA, LLC

DC SPARTA CINEMA, LLC
 DC SURPRISE CINEMA, LLC

DC TEMECULA CINEMA, LLC
 DC TORRINGTON CINEMA, LLC

DC WESTFIELD CINEMA, LLC
 START MEDIA/DIGIPLEX, LLC

		
	By:		 /s/ Daniel E. Ellis

	Name:		Daniel E. Ellis
	Title:		Manager
	
	CARMIKE REVIEWS HOLDINGS, LLC
		
	By:		 Carmike Cinemas, Inc.
 its sole
member

		
	By:		 /s/ Daniel E. Ellis

	Name:		Daniel E. Ellis
	Title:		 Senior Vice President, General
 Counsel and
Secretary

 
			
	 CARMIKE MOTION PICTURES BIRMINGHAM II, LLC

CARMIKE MOTION PICTURES BIRMINGHAM III, LLC
 CARMIKE MOTION
PICTURES CHATTANOOGA, LLC
 CARMIKE MOTION PICTURES DAPHNE, LLC

CARMIKE MOTION PICTURES PENSACOLA, LLC
 CARMIKE MOTION PICTURES
PENSACOLA II, LLC
 CARMIKE MOTION PICTURES INDIANAPOLIS, LLC

CARMIKE MOTION PICTURES HUNTSVILLE, LLC
 CARMIKE MOTION PICTURES
FT. WAYNE, LLC
 CARMIKE MOTION PICTURES MELBOURNE, LLC
 CARMIKE
MOTION PICTURES PORT ST. LUCIE, LLC
 CARMIKE MOTION PICTURES ORANGE BEACH, LLC

CARMIKE MOTION PICTURES ALLENTOWN, LLC

		
	By:		 Eastwynn Theatres, Inc.
 its sole
member

		
	By:		 /s/ Daniel E. Ellis

	Name:		Daniel E. Ellis
	Title:		 Senior Vice President, General
 Counsel and
Secretary

  
  

			
	 CARMIKE MOTION PICTURES BIRMINGHAM, LLC

CARMIKE MOTION PICTURES PEORIA, LLC

		
	By:		 Carmike Reviews Holdings,LLC
 its sole
member

		
	By:		 /s/ Daniel E. Ellis

	Name:		Daniel E. Ellis
	Title:		 Senior Vice President, General
 Counsel and
Secretary

			
	 TRUSTEE:
  

Wells Fargo Bank, National Association

		
	By:		 /s/ Stefan Victory

	Name:		Stefan Victory
	Title:		Vice President

 EXHIBIT A 

[Face of Note] 
  

CUSIP/CINS              

6.00% Senior Secured Notes due 2023 
  

			
	No.         		$            

 CARMIKE CINEMAS, INC. 

promises to pay to              or registered assigns, 

the principal sum of
                             DOLLARS* on June 15, 2023. 

Interest Payment Dates: June 15 and December 15 

Record Dates: June 1 and December 1 
  

			
	Dated:		  

 

			
	CARMIKE CINEMAS, INC.
		
	By:		  

			Name:
			Title:

 This is one of the Notes referred to 

in the within-mentioned Indenture: 
  

			
	WELLS FARGO BANK, NATIONAL ASSOCIATION,
	as Trustee
		
	By:		  

			Authorized Signatory

  
  

  
 A-1 

 [Back of Note] 

6.00% Senior Secured Notes due 2023 
 [Insert
the Global Note Legend, if applicable pursuant to the provisions of the Indenture] 
 [Insert Private Placement Legend, if applicable, pursuant to
the provisions of the Indenture] 
 Capitalized terms used herein have the meanings assigned to them in the Indenture referred to below
unless otherwise indicated. 
 (1) INTEREST. Carmike Cinemas, Inc., a Delaware
corporation (the “Company”), promises to pay or cause to be paid interest on the principal amount of this Note at 6.00% per annum from             ,
        until maturity. The Company will pay interest semi-annually in arrears on June 15 and December 15 of each year, or if any such day is not a Business Day, on the next succeeding Business Day
(each, an “Interest Payment Date”). Interest on the Notes will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from the date of issuance; provided that, if this Note is
authenticated between a record date referred to on the face hereof and the next succeeding Interest Payment Date, interest shall accrue from such next succeeding Interest Payment Date; provided further that the first Interest Payment Date
shall be December 15, 2015. The Company will pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue principal at a rate that is 1% higher than the then applicable interest rate on the Notes to the
extent lawful; it will pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue installments of interest (without regard to any applicable grace period), at the same rate to the extent lawful. 

Interest will be computed on the basis of a 360-day year comprised of twelve 30-day months. 

(2) METHOD OF PAYMENT. The Company will pay interest on the
Notes (except defaulted interest) to the Persons who are registered Holders of Notes at the close of business on the June 1 or December 1 next preceding the Interest Payment Date, even if such Notes are canceled after such record date and
on or before such Interest Payment Date, except as provided in Section 2.12 of the Indenture with respect to defaulted interest. The Notes will be payable as to principal, premium, if any, interest at the office or agency of the Paying Agent
and Registrar within the City and State of New York, or, at the option of the Company, payment of interest may be made by check mailed to the Holders at their addresses set forth in the register of Holders; provided that payment by wire
transfer of immediately available funds will be required with respect to principal of, premium on, if any, and interest on, all Global Notes and all other Notes the Holders of which will have provided wire transfer instructions to the Company or the
Paying Agent. Such payment will be in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. 

(3) PAYING AGENT AND REGISTRAR. Initially,
Wells Fargo Bank, National Association, the Trustee under the Indenture, will act as Paying Agent and Registrar. The Company may change the Paying Agent or Registrar without prior notice to the Holders of the Notes. The Company or any of its
Subsidiaries may act as Paying Agent or Registrar. 
 (4) INDENTURE AND
SECURITY DOCUMENTS. The Company issued the Notes under an Indenture dated as of June 17, 2015 (the “Indenture”) among the Company, the Guarantors and

  
 A-2 

 
the Trustee. The terms of the Notes include those stated in the Indenture and those made part of the Indenture by reference to the TIA. The Notes are subject to all such terms, and Holders are
referred to the Indenture and the TIA for a statement of such terms. To the extent any provision of this Note conflicts with the express provisions of the Indenture, the provisions of the Indenture shall govern and be controlling. Subject to
compliance with Sections 4.09 and 4.12 thereof, the Indenture does not limit the aggregate principal amount of Notes that may be issued thereunder. 

(5) OPTIONAL REDEMPTION. 

(a) At any time prior to June 15, 2018, the Company may on any one or more occasions redeem up to 40% of the aggregate
principal amount of Notes issued under the Indenture, upon not less than 30 nor more than 60 days’ notice, at a redemption price equal to 106.00% of the principal amount of the Notes redeemed, plus accrued and unpaid interest to the date of
redemption (subject to the rights of Holders of Notes on the relevant record date to receive interest on the relevant Interest Payment Date), in an amount not to exceed the net cash proceeds from an Equity Offering by the Company; provided
that: 
 (i) at least 60% of the aggregate principal amount of Notes originally issued under the Indenture (excluding Notes
held by the Company and its Subsidiaries) remains outstanding immediately after the occurrence of such redemption; and 

(ii) the redemption occurs within 90 days of the date of the closing of such Equity Offering. 

(b) At any time prior to June 15, 2018, the Company may on any one or more occasions redeem all or a part of the Notes,
upon not less than 30 nor more than 60 days’ notice, at a redemption price equal to 100% of the principal amount of the Notes redeemed, plus the Applicable Premium as of, and accrued and unpaid interest to the applicable date of redemption,
subject to the rights of Holders on the relevant record date to receive interest due on the relevant Interest Payment Date. 

(c) At any time prior to the maturity of the Notes, if at least 90% of the principal amount of the Notes have previously been
repurchased and cancelled in connection with a Change of Control Offer, the Company may redeem all of the remaining Notes, upon not less than 30 nor more than 60 days’ notice, at a redemption price equal to 101% of the principal amount of the
Notes redeemed, plus accrued and unpaid interest to the applicable date of redemption, subject to the rights of Holders of Notes on the relevant record date to receive interest due on the relevant interest payment date. 

(d) Except pursuant to the preceding three paragraphs, the Notes will not be redeemable at the Company’s option prior to
June 15, 2018. 
 (e) On or after June 15, 2018, the Company may on any one or more occasions redeem all or a part
of the Notes, upon not less than 30 nor more than 60 days’ notice, at the redemption prices (expressed as percentages of principal amount) set forth below, plus accrued and unpaid interest on the Notes redeemed, to the applicable date of
redemption, if redeemed during the twelve-month period beginning on June 15 of the years indicated below, subject to the rights of Holders of Notes on the relevant record date to receive interest on the relevant Interest Payment Date: 

 

					
	 Year
	  	Percentage	 
	 2018
	  	 	104.500	% 
	 2019
	  	 	103.000	% 
	 2020
	  	 	101.500	% 
	 2021 and thereafter
	  	 	100.000	% 

  
 A-3 

 Unless the Company defaults in the payment of the redemption price, interest will cease to accrue
on the Notes or portions thereof called for redemption on the applicable redemption date. 
 (6) MANDATORY
REDEMPTION. The Company is not required to make mandatory redemption or sinking fund payments with respect to the Notes. 

(7) REPURCHASE AT THE OPTION OF
HOLDER. 
 (a) Upon the occurrence of a Change of Control, the Company will be required to
make an offer (a “Change of Control Offer”) to each Holder to repurchase all or any part (equal to $2,000 or an integral multiple of $1,000 in excess thereof) of that Holder’s Notes at a purchase price in cash equal to 101% of
the aggregate principal amount of Notes repurchased, plus accrued and unpaid interest on the Notes repurchased to the date of purchase, subject to the rights of Holders of Notes on the relevant record date to receive interest due on the relevant
interest payment date (the “Change of Control Payment”). Within 60 days following any Change of Control, the Company will send a notice to each Holder setting forth the procedures governing the Change of Control Offer as required by
the Indenture. 
 (b) If the Company or a Restricted Subsidiary of the Company consummates any Asset Sales, within 30 days of
each date on which the aggregate amount of Excess Proceeds exceeds $20.0 million, the Company will make an Asset Sale Offer to all Holders of Notes and all holders of other Parity Lien Debt containing provisions similar to those set forth in the
Indenture with respect to offers to purchase, prepay or redeem with the proceeds of sales of assets in accordance with the Indenture to purchase, prepay or redeem the maximum principal amount of Notes and such other Parity Lien Debt (plus all
accrued interest on the Indebtedness and the amount of all fees and expenses, including premiums, incurred in connection therewith) that may be purchased, prepaid or redeemed out of the Excess Proceeds. The offer price in any Asset Sale Offer will
be equal to 100% of the principal amount, plus accrued and unpaid interest to the date of purchase, prepayment or redemption, subject to the rights of Holders of Notes on the relevant record date to receive interest due on the relevant interest
payment date, and will be payable in cash. If any Excess Proceeds remain after consummation of an Asset Sale Offer, the Company may use those Excess Proceeds for any purpose not otherwise prohibited by the Indenture. If the aggregate principal
amount of Notes and other Parity Lien Debt tendered in (or required to be prepaid or redeemed in connection with) such Asset Sale Offer exceeds the amount of Excess Proceeds, the Trustee will select the Notes and such other Parity Lien Debt to be
purchased on a pro rata basis, based on the amounts tendered or required to be prepaid or redeemed. Upon completion of each Asset Sale Offer, the amount of Excess Proceeds will be reset at zero. Holders of Notes that are the subject of an
offer to purchase will receive an Asset Sale Offer from the Company prior to any related purchase date and may elect to have such Notes purchased by completing the form entitled “Option of Holder to Elect Purchase” attached to the
Notes. 
 (8) NOTICE OF REDEMPTION. At least 30 days but
not more than 60 days before a redemption date, the Company will mail or cause to be mailed, by first class mail, a notice of redemption to each Holder whose Notes are to be redeemed at its registered address, except that redemption notices may be
mailed more than 60 days prior to a redemption date if the notice is 

  
 A-4 

 
issued in connection with a defeasance of the Notes or a satisfaction and discharge of the Indenture pursuant to Articles 8 or 12 thereof. Notes and portions of Notes selected will be in amounts
of $2,000 or whole multiples of $1,000 in excess thereof; except that if all of the Notes of a Holder are to be redeemed or purchased, the entire outstanding amount of Notes held by such Holder shall be redeemed or purchased. 

(9) DENOMINATIONS, TRANSFER, EXCHANGE. The Notes are in
registered form in denominations of $2,000 and integral multiples of $1,000 in excess thereof. The transfer of Notes may be registered and Notes may be exchanged as provided in the Indenture. The Registrar and the Trustee may require a Holder, among
other things, to furnish appropriate endorsements and transfer documents and the Company may require a Holder to pay any taxes and fees required by law or permitted by the Indenture. The Company need not exchange or register the transfer of any Note
or portion of a Note selected for redemption, except for the unredeemed portion of any Note being redeemed in part. Also, the Company need not exchange or register the transfer of any Notes for a period of 15 days before a selection of Notes to be
redeemed or during the period between a record date and the next succeeding Interest Payment Date. 
 (10)
PERSONS DEEMED OWNERS. The registered Holder of a Note may be treated as the owner of it for all purposes. Only registered Holders have rights under the Indenture. 

(11) AMENDMENT, SUPPLEMENT AND WAIVER.
Subject to certain exceptions, the Indenture, the Notes or the Note Guarantees may be amended or supplemented with the consent of the Holders of at least a majority in aggregate principal amount of the then outstanding Notes voting as a single
class, and any existing Default or Event of Default or compliance with any provision of the Indenture or the Notes or the Note Guarantees may be waived with the consent of the Holders of a majority in aggregate principal amount of the then
outstanding Notes including Additional Notes, if any, voting as a single class. Without the consent of any Holder of Notes, the Indenture, the Notes or the Note Guarantees may be amended or supplemented to cure any ambiguity, defect or
inconsistency, to provide for uncertificated Notes in addition to or in place of certificated Notes, to provide for the assumption of the Company’s or a Guarantor’s obligations to Holders of the Notes and Note Guarantees by a successor to
the Company or such Guarantor pursuant to the Indenture, to make any change that would provide any additional rights or benefits to the Holders of the Notes or that does not adversely affect the legal rights under the Indenture of any Holder, to
comply with the requirements of the SEC in order to effect or maintain the qualification of the Indenture under the TIA, to conform the text of the Indenture, the Notes, or the Note Guarantees or the security documents to any provision of the
“Description of Notes” section of the Offering Memorandum, relating to the initial offering of the Notes, to the extent that such provision in that “Description of Notes” was intended to be a verbatim recitation of a provision of
the Indenture, the Notes, the Note Guarantees or the security documents, which intent may be evidenced by an Officers’ Certificate to that effect, to enter into additional or supplemental security documents, to release Collateral in accordance
with the terms of this Indenture and the security documents, or to allow any Guarantor to execute a supplemental indenture to the Indenture and/or a Note Guarantee with respect to the Notes. 

(12) DEFAULTS AND REMEDIES. Events of Default include:
(i) default for 30 days in the payment when due of interest on the Notes; (ii) default in the payment when due (at maturity, upon redemption or otherwise) of the principal of, or premium on, if any, the Notes, (iii) failure by the
Company or any of its Restricted Subsidiaries to comply with the provisions of Sections 4.10, 4.15 or 5.01 of the Indenture; (iv) failure by the Company or any of its Restricted Subsidiaries for 60 days (or, in the case of Section 4.03, 90
days) after notice to the Company by the Trustee or the Holders of at least 25% in aggregate principal amount of the Notes then 

  
 A-5 

 
outstanding to comply with any of the other agreements in the Indenture or security documents; (v) default under any mortgage, indenture or instrument under which there may be issued or by
which there may be secured or evidenced any Indebtedness for money borrowed (other than the Notes) by the Company or any of its Restricted Subsidiaries (or the payment of which is guaranteed by the Company or any of its Restricted Subsidiaries),
whether such Indebtedness or Guarantee now exists, or is created after the date of the Indenture, if that default: is caused by a failure to pay principal of, premium on, if any, or interest, if any, on, such Indebtedness prior to the expiration of
the grace period provided in such Indebtedness on the date of such default (a “Payment Default”); or (b) results in the acceleration of such Indebtedness prior to its express maturity, and, in each case, the principal amount of
any such Indebtedness, together with the principal amount of any other such Indebtedness under which there has been a Payment Default or the maturity of which has been so accelerated, aggregates $10.0 million or more; (vi) failure by the
Company or any of its Restricted Subsidiaries to pay final judgments entered by a court or courts of competent jurisdiction aggregating in excess of $10.0 million, which judgments are not paid, discharged or stayed, for a period of 60 days;
(vii) the occurrence of any of the following: (a) except as permitted by the Indenture, any security document ceases for any reason to be fully enforceable; provided that it will not be an Event of Default under this clause (vii)(a) if the
sole result of the failure of one or more security documents to be fully enforceable is that any Parity Lien purported to be granted under such security documents on Collateral, individually or in the aggregate, having a Fair Market Value of not
more than $5.0 million ceases to be an enforceable and perfected second-priority Lien, subject only to Permitted Liens; (b) except as permitted by the Indenture, any Parity Lien purported to be granted under any security document on Collateral,
individually or in the aggregate, having a Fair Market Value in excess of $5.0 million ceases to be an enforceable and perfected second-priority Lien, subject only to Permitted Liens; or (c) the Company or any other Pledgor, or any Person
acting on behalf of any of them, denies or disaffirms, in writing, any obligation of the Company or any other Pledgor set forth in or arising under any security document; provided, however, that if a failure of the sort described in clauses
(vii)(a) or (vii)(b) hereof is susceptible of cure, no Event of Default shall arise under this clause (vii) with respect thereto until 30 days after notice of such failure to the Company by the Trustee or the Holders of at least 25% in
aggregate principal amount of the Notes then outstanding; (viii) except as permitted by the Indenture, any Note Guarantee is held in any judicial proceeding to be unenforceable or invalid or ceases for any reason to be in full force and effect,
or any Guarantor, or any Person acting on behalf of any Guarantor, denies or disaffirms its obligations under its Note Guarantee; and (ix) the Company or any of its Restricted Subsidiaries that is a Significant Subsidiary or any group of
Restricted Subsidiaries of the Company that, taken together, would constitute a Significant Subsidiary pursuant to or within the meaning of Bankruptcy Law: (a) commences a voluntary case, (b) consents to the entry of an order for relief
against it in an involuntary case, (c) consents to the appointment of a custodian of it or for all or substantially all of its property, (d) makes a general assignment for the benefit of its creditors, or (e) generally is not paying
its debts as they become due; (x) a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that: (a) is for relief against the Company or any of its Restricted Subsidiaries that is a Significant Subsidiary or
any group of Restricted Subsidiaries of the Company that, taken together, would constitute a Significant Subsidiary in an involuntary case; (b) appoints a custodian of the Company or any of its Restricted Subsidiaries that is a Significant
Subsidiary or any group of Restricted Subsidiaries of the Company that, taken together, would constitute a Significant Subsidiary or for all or substantially all of the property of the Company or any of its Restricted Subsidiaries that is a
Significant Subsidiary or any group of Restricted Subsidiaries of the Company that, taken together, would constitute a Significant Subsidiary; or (c) orders the liquidation of the Company or any of its Restricted Subsidiaries that is a
Significant Subsidiary or any group of Restricted Subsidiaries of the Company that, taken together, would constitute a Significant Subsidiary; and the order or decree remains unstayed and 

  
 A-6 

 
in effect for 60 consecutive days. Holders may not enforce the Indenture or the Notes except as provided in the Indenture. Subject to certain limitations, Holders of a majority in aggregate
principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on it. The Trustee may withhold from
Holders of the Notes notice of any continuing Default or Event of Default (except a Default or Event of Default relating to the payment of principal, premium, if any, or interest) if it determines that withholding notice is in their interest. The
Holders of a majority in aggregate principal amount of the then outstanding Notes by notice to the Trustee may, on behalf of all the Holders of Notes, rescind an acceleration or waive an existing Default or Event of Default and its respective
consequences under the Indenture except a continuing Default or Event of Default in the payment of principal of, premium on, if any, or interest on, the Notes (including in connection with an offer to purchase). The Company is required to deliver to
the Trustee annually a statement regarding compliance with the Indenture, and the Company is required, upon becoming aware of any Default or Event of Default, to deliver to the Trustee a statement specifying such Default or Event of Default. 

(13) TRUSTEE DEALINGS WITH COMPANY. The
Trustee, in its individual or any other capacity, may make loans to, accept deposits from, and perform services for the Company or its Affiliates, and may otherwise deal with the Company or its Affiliates, as if it were not the Trustee. 

(14) NO RECOURSE AGAINST OTHERS. No director,
officer, employee, incorporator or stockholder of the Company or any Guarantor, as such, will have any liability for any obligations of the Company or the Guarantors under the Notes, the Indenture, the Note Guarantees, the security documents or for
any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of Notes by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes.
The waiver may not be effective to waive liabilities under the federal securities laws. 
 (15)
AUTHENTICATION. This Note will not be valid until authenticated by the manual signature of the Trustee or an authenticating agent. 

(16) ABBREVIATIONS. Customary abbreviations may be used in the name of a Holder or an
assignee, such as: TEN COM (= tenants in common), TEN ENT (= tenants by the entireties), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (= Custodian), and U/G/M/A (= Uniform Gifts to Minors Act). 

(17) CUSIP NUMBERS. Pursuant to a recommendation promulgated by the Committee on Uniform
Security Identification Procedures, the Company has caused CUSIP numbers to be printed on the Notes, and the Trustee may use CUSIP numbers in notices of redemption as a convenience to Holders. No representation is made as to the accuracy of such
numbers either as printed on the Notes or as contained in any notice of redemption, and reliance may be placed only on the other identification numbers placed thereon. 

(18) GOVERNING LAW. THE INTERNAL LAW OF THE STATE OF NEW YORK WILL GOVERN AND BE USED TO CONSTRUE THE INDENTURE, THIS
NOTE AND THE NOTE GUARANTEES WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY. 

  
 A-7 

 The Company will furnish to any Holder upon written request and without charge a copy of the
Indenture. Requests may be made to: 
  

	
	Carmike Cinemas, Inc.
	1301 First Avenue
	Columbus, Georgia 31901
	Facsimile No.: (706) 324-0470
	Attention: Chief Financial Officer

  
 A-8 

 ASSIGNMENT FORM 

To assign this Note, fill in the form below: 
  

			
	(I) or (we) assign and transfer this Note to:		  

			(Insert assignee’s legal name)

  
  

 
 (Insert assignee’s soc. sec. or
tax I.D. no.) 
  
  

 
  

 
  

 
  

 
 (Print or type assignee’s name,
address and zip code) 
  

			
	and irrevocably appoint		  

 to transfer this Note on the books of the Company. The agent may substitute another to act for him. 

 

			
	Date:		  

 

			
	Your Signature:		  

	(Sign exactly as your name appears on the face of this Note)

  

					
			Signature Guarantee*:		  

  

	*	Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to the Trustee). 

  
 A-9 

 Option of Holder to Elect Purchase 

If you want to elect to have this Note purchased by the Company pursuant to Section 4.10 or 4.15 of the Indenture, check the appropriate
box below: 
  ̈
Section 4.10                     ̈ Section 4.15 

If you want to elect to have only part of the Note purchased by the Company pursuant to Section 4.10 or Section 4.15 of the
Indenture, state the amount you elect to have purchased: 
 $             

 

			
	Date:		  

 

			
	Your Signature:		  

	(Sign exactly as your name appears on the face of this Note)

 

			
	Tax Identification No.:		  

 

			
	Signature Guarantee*:		  

  

	*	Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to the Trustee). 

  
 A-10 

 SCHEDULE OF EXCHANGES OF
INTERESTS IN THE GLOBAL NOTE * 
 The following exchanges of a
part of this Global Note for an interest in another Global Note or for a Definitive Note, or exchanges of a part of another Global Note or Definitive Note for an interest in this Global Note, have been made: 

 

									
	 Date of Exchange
	  	Amount of
decrease in
Principal Amount
of
this Global Note	  	Amount of
increase in
Principal Amount
of
this Global Note	  	Principal Amount
of this Global
Note following
such decrease
(or increase)	  	Signature of
authorized
signatory of
Trustee or
Custodian
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	

  

	*	This schedule should be included only if the Note is issued in global form. 

  
 A-11 

 EXHIBIT B 

FORM OF CERTIFICATE OF TRANSFER 
 Carmike
Cinemas, Inc. 
 1301 First Avenue 
 Columbus, Georgia 31901

 Facsimile No.: (706) 324-0470 
 Attention: Chief
Financial Officer 
 Wells Fargo Bank, National Association – DAPS REORG 

6th & Marquette Avenue., 12th Floor, MAC
N9303-121 
 Minneapolis, MN 55479 
 Phone No.:
(800) 344-5128 
 Facsimile No.: (866) 969-1290 

Email: dapsreorg@wellsfargo.com 
 Attention: Corporate Trust
Services, Administrator - Carmike Cinemas, Inc. 
  

	 	Re:	6.00% Senior Secured Notes Due 2023 

 Reference is hereby made to the Indenture,
dated as of June 17, 2015 (the “Indenture”), among Carmike Cinemas, Inc., as issuer (the “Company”), the Guarantors party thereto and Wells Fargo Bank, National Association, as trustee. Capitalized terms used
but not defined herein shall have the meanings given to them in the Indenture. 

                    , (the
“Transferor”) owns and proposes to transfer the Note[s] or interest in such Note[s] specified in Annex A hereto, in the principal amount of $         in such Note[s] or interests (the
“Transfer”), to                     (the “Transferee”), as further specified in Annex A hereto. In connection with
the Transfer, the Transferor hereby certifies that: 
 [CHECK ALL THAT APPLY] 

1.  ̈ Check if Transferee will take delivery of a beneficial interest in the 144A Global
Note or a Restricted Definitive Note pursuant to Rule 144A. The Transfer is being effected pursuant to and in accordance with Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and, accordingly,
the Transferor hereby further certifies that the beneficial interest or Definitive Note is being transferred to a Person that the Transferor reasonably believes is purchasing the beneficial interest or Definitive Note for its own account, or for one
or more accounts with respect to which such Person exercises sole investment discretion, and such Person and each such account is a “qualified institutional buyer” within the meaning of Rule 144A in a transaction meeting the requirements
of Rule 144A, and such Transfer is in compliance with any applicable blue sky securities laws of any state of the United States. Upon consummation of the proposed Transfer in accordance with the terms of the Indenture, the transferred beneficial
interest or Definitive Note will be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the 144A Global Note and/or the Restricted Definitive Note and in the Indenture and the Securities Act. 

2.  ̈ Check if Transferee will take delivery of a beneficial interest in the Regulation S
Global Note or a Restricted Definitive Note pursuant to Regulation S. The Transfer is being effected pursuant to and in accordance with Rule 903 or Rule 904 under the Securities Act and, accordingly, the Transferor hereby further certifies
that (i) the Transfer is not being made to a Person in the United States and (x) at the time the buy order was originated, the Transferee was outside the United States or such Transferor and any Person acting on its behalf reasonably
believed and believes that the Transferee was 

  
 B-1 

 
outside the United States or (y) the transaction was executed in, on or through the facilities of a designated offshore securities market and neither such Transferor nor any Person acting on
its behalf knows that the transaction was prearranged with a buyer in the United States, (ii) no directed selling efforts have been made in contravention of the requirements of Rule 903(b) or Rule 904(b) of Regulation S under the Securities
Act, (iii) the transaction is not part of a plan or scheme to evade the registration requirements of the Securities Act and (iv) if the proposed transfer is being made prior to the expiration of the Restricted Period, the transfer is not
being made to a U.S. Person or for the account or benefit of a U.S. Person (other than an Initial Purchaser). Upon consummation of the proposed transfer in accordance with the terms of the Indenture, the transferred beneficial interest or Definitive
Note will be subject to the restrictions on Transfer enumerated in the Private Placement Legend printed on the Regulation S Global Note and/or the Restricted Definitive Note and in the Indenture and the Securities Act. 

3.  ̈ Check and complete if Transferee will take delivery of a beneficial interest in the
IAI Global Note or a Restricted Definitive Note pursuant to any provision of the Securities Act other than Rule 144A or Regulation S. The Transfer is being effected in compliance with the transfer restrictions applicable to beneficial
interests in Restricted Global Notes and Restricted Definitive Notes and pursuant to and in accordance with the Securities Act and any applicable blue sky securities laws of any state of the United States, and accordingly the Transferor hereby
further certifies that (check one): 
 (a)  ̈ such Transfer is being effected
pursuant to and in accordance with Rule 144 under the Securities Act; 
 or 

(b)  ̈ such Transfer is being effected to the Company or a subsidiary thereof;

 or 
 (c)  ̈ such Transfer is being effected pursuant to an effective registration statement under the Securities Act and in compliance with the prospectus delivery requirements of the Securities Act; 

or 
 (d)  ̈ such Transfer is being effected to an Institutional Accredited Investor and pursuant to an exemption from the registration requirements of the Securities Act other than Rule 144A, Rule 144, Rule 903 or
Rule 904, and the Transferor hereby further certifies that it has not engaged in any general solicitation within the meaning of Regulation D under the Securities Act and the Transfer complies with the transfer restrictions applicable to beneficial
interests in a Restricted Global Note or Restricted Definitive Notes and the requirements of the exemption claimed, which certification is supported by (1) a certificate executed by the Transferee in the form of Exhibit D to the Indenture and
(2) if such Transfer is in respect of a principal amount of Notes at the time of transfer of less than $250,000, an Opinion of Counsel provided by the Transferor or the Transferee (a copy of which the Transferor has attached to this
certification), to the effect that such Transfer is in compliance with the Securities Act. Upon consummation of the proposed transfer in accordance with the terms of the Indenture, the transferred beneficial interest or Definitive Note will be
subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the IAI Global Note and/or the Restricted Definitive Notes and in the Indenture and the Securities Act. 

  
 B-2 

 4.  ̈ Check if Transferee will take delivery
of a beneficial interest in an Unrestricted Global Note or of an Unrestricted Definitive Note. 
 (a)  ̈ Check if Transfer is pursuant to Rule 144. (i) The Transfer is being effected pursuant to and in accordance with Rule 144 under the Securities Act and in compliance with the transfer
restrictions contained in the Indenture and any applicable blue sky securities laws of any state of the United States and (ii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to
maintain compliance with the Securities Act. Upon consummation of the proposed Transfer in accordance with the terms of the Indenture, the transferred beneficial interest or Definitive Note will no longer be subject to the restrictions on transfer
enumerated in the Private Placement Legend printed on the Restricted Global Notes, on Restricted Definitive Notes and in the Indenture. 

(b)  ̈ Check if Transfer is Pursuant to Regulation S. (i) The Transfer is being
effected pursuant to and in accordance with Rule 903 or Rule 904 under the Securities Act and in compliance with the transfer restrictions contained in the Indenture and any applicable blue sky securities laws of any state of the United States and
(ii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act. Upon consummation of the proposed Transfer in accordance with the terms of
the Indenture, the transferred beneficial interest or Definitive Note will no longer be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the Restricted Global Notes, on Restricted Definitive Notes and in
the Indenture. 
 (c)  ̈ Check if Transfer is Pursuant to Other Exemption.
(i) The Transfer is being effected pursuant to and in compliance with an exemption from the registration requirements of the Securities Act other than Rule 144, Rule 903 or Rule 904 and in compliance with the transfer restrictions contained in
the Indenture and any applicable blue sky securities laws of any State of the United States and (ii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with
the Securities Act. Upon consummation of the proposed Transfer in accordance with the terms of the Indenture, the transferred beneficial interest or Definitive Note will not be subject to the restrictions on transfer enumerated in the Private
Placement Legend printed on the Restricted Global Notes or Restricted Definitive Notes and in the Indenture. 
 This certificate and the
statements contained herein are made for your benefit and the benefit of the Company. 
  

			
	  

			[Insert Name of Transferor]
		
	By:		  

			Name:
			Title:

  

					
			Dated:		  

  
 B-3 

 ANNEX A TO CERTIFICATE OF TRANSFER 

 

											
	1.		The Transferor owns and proposes to transfer the following:
	
	[CHECK ONE OF (a) OR (b)]
					
					(a)		 ̈		a beneficial interest in the:
						
							(i)		   ̈		144A Global Note (CUSIP             ), or
						
							(ii)		   ̈		Regulation S Global Note (CUSIP             ), or
						
							(iii)		   ̈		IAI Global Note (CUSIP             ); or
					
					(b)		 ̈		a Restricted Definitive Note.
		
	2.		After the Transfer the Transferee will hold:
	
	[CHECK ONE]
					
					(a)		 ̈		a beneficial interest in the:
						
							(i)		   ̈		144A Global Note (CUSIP             ), or
						
							(ii)		   ̈		Regulation S Global Note (CUSIP             ), or
						
							(iii)		   ̈		IAI Global Note (CUSIP             ); or
						
							(iv)		   ̈		Unrestricted Global Note (CUSIP             ); or
					
					(b)		 ̈		a Restricted Definitive Note; or
					
					(c)		 ̈		an Unrestricted Definitive Note,
			
					in accordance with the terms of the Indenture.

  
 B-4 

 EXHIBIT C 

FORM OF CERTIFICATE OF EXCHANGE 
 Carmike
Cinemas, Inc. 
 1301 First Avenue 
 Columbus, Georgia 31901

 Facsimile No.: (706) 324-0470 
 Attention: Chief
Financial Officer 
 Wells Fargo Bank, National Association – DAPS REORG 

6th & Marquette Avenue., 12th Floor, MAC
N9303-121 
 Minneapolis, MN 55479 
 Phone No.:
(800) 344-5128 
 Facsimile No.: (866) 969-1290 

Email: dapsreorg@wellsfargo.com 
 Attention: Corporate Trust
Services, Administrator - Carmike Cinemas, Inc. 
  

	 	Re:	6.00% Senior Secured Notes Due 2023 

 (CUSIP
[            ]) 
 Reference is hereby made to the Indenture, dated as of
June 17, 2015 (the “Indenture”), among Carmike Cinemas, Inc., as issuer (the “Company”), the Guarantors party thereto and Wells Fargo Bank, National Association, as trustee. Capitalized terms used but not
defined herein shall have the meanings given to them in the Indenture. 

                       
                 , (the “Owner”) owns and proposes to exchange the Note[s] or interest in such Note[s] specified herein, in the principal amount of
$        in such Note[s] or interests (the “Exchange”). In connection with the Exchange, the Owner hereby certifies that: 

1. Exchange of Restricted Definitive Notes or Beneficial Interests in a Restricted Global Note for Unrestricted Definitive Notes
or Beneficial Interests in an Unrestricted Global Note 
 (a)  ̈ Check if Exchange
is from beneficial interest in a Restricted Global Note to beneficial interest in an Unrestricted Global Note. In connection with the Exchange of the Owner’s beneficial interest in a Restricted Global Note for a beneficial interest in an
Unrestricted Global Note in an equal principal amount, the Owner hereby certifies (i) the beneficial interest is being acquired for the Owner’s own account without transfer, (ii) such Exchange has been effected in compliance with the
transfer restrictions applicable to the Global Notes and pursuant to and in accordance with the Securities Act of 1933, as amended (the “Securities Act”), (iii) the restrictions on transfer contained in the Indenture and the
Private Placement Legend are not required in order to maintain compliance with the Securities Act and (iv) the beneficial interest in an Unrestricted Global Note is being acquired in compliance with any applicable blue sky securities laws of
any state of the United States. 
 (b)  ̈ Check if Exchange is from beneficial interest in
a Restricted Global Note to Unrestricted Definitive Note. In connection with the Exchange of the Owner’s beneficial interest in a Restricted Global Note for an Unrestricted Definitive Note, the Owner hereby certifies (i) the Definitive
Note is being acquired for the Owner’s own account without transfer, (ii) such Exchange has been effected in compliance with the transfer restrictions applicable to the Restricted Global Notes and pursuant to and in accordance with the
Securities Act, (iii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act and (iv) the Definitive Note is being acquired in
compliance with any applicable blue sky securities laws of any state of the United States. 

  
 C-1 

 (c)  ̈ Check if Exchange is from Restricted
Definitive Note to beneficial interest in an Unrestricted Global Note. In connection with the Owner’s Exchange of a Restricted Definitive Note for a beneficial interest in an Unrestricted Global Note, the Owner hereby certifies (i) the
beneficial interest is being acquired for the Owner’s own account without transfer, (ii) such Exchange has been effected in compliance with the transfer restrictions applicable to Restricted Definitive Notes and pursuant to and in
accordance with the Securities Act, (iii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act and (iv) the beneficial interest is
being acquired in compliance with any applicable blue sky securities laws of any state of the United States. 
 (d)  ̈ Check if Exchange is from Restricted Definitive Note to Unrestricted Definitive Note. In connection with the Owner’s Exchange of a Restricted Definitive Note for an Unrestricted Definitive
Note, the Owner hereby certifies (i) the Unrestricted Definitive Note is being acquired for the Owner’s own account without transfer, (ii) such Exchange has been effected in compliance with the transfer restrictions applicable to
Restricted Definitive Notes and pursuant to and in accordance with the Securities Act, (iii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the
Securities Act and (iv) the Unrestricted Definitive Note is being acquired in compliance with any applicable blue sky securities laws of any state of the United States. 

2. Exchange of Restricted Definitive Notes or Beneficial Interests in Restricted Global Notes for Restricted Definitive Notes or
Beneficial Interests in Restricted Global Notes 
 (a)  ̈ Check if Exchange is
from beneficial interest in a Restricted Global Note to Restricted Definitive Note. In connection with the Exchange of the Owner’s beneficial interest in a Restricted Global Note for a Restricted Definitive Note with an equal principal
amount, the Owner hereby certifies that the Restricted Definitive Note is being acquired for the Owner’s own account without transfer. Upon consummation of the proposed Exchange in accordance with the terms of the Indenture, the Restricted
Definitive Note issued will continue to be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the Restricted Definitive Note and in the Indenture and the Securities Act. 

(b)  ̈ Check if Exchange is from Restricted Definitive Note to beneficial interest in a
Restricted Global Note. In connection with the Exchange of the Owner’s Restricted Definitive Note for a beneficial interest in the [CHECK ONE]  ̈ 144A Global Note,  ̈ Regulation S Global Note,  ̈ IAI Global Note with an equal principal amount, the Owner hereby certifies (i) the beneficial interest is being acquired for
the Owner’s own account without transfer and (ii) such Exchange has been effected in compliance with the transfer restrictions applicable to the Restricted Global Notes and pursuant to and in accordance with the Securities Act, and in
compliance with any applicable blue sky securities laws of any state of the United States. Upon consummation of the proposed Exchange in accordance with the terms of the Indenture, the beneficial interest issued will be subject to the restrictions
on transfer enumerated in the Private Placement Legend printed on the relevant Restricted Global Note and in the Indenture and the Securities Act. 

This certificate and the statements contained herein are made for your benefit and the benefit of the Company. 

  
 C-2 

 
			
			  

			[Insert Name of Transferor]
		
	By:		  

			Name:
			Title:

  

			
	Dated:		  

  
 C-3 

 EXHIBIT D 

FORM OF CERTIFICATE FROM 

ACQUIRING INSTITUTIONAL ACCREDITED INVESTOR 

Carmike Cinemas, Inc. 
 1301 First Avenue 

Columbus, Georgia 31901 
 Facsimile No.: (706) 324-0470 

Attention: Chief Financial Officer 
 Wells Fargo Bank, National
Association – DAPS REORG 
 6th & Marquette Avenue., 12th Floor, MAC N9303-121 
 Minneapolis, MN 55479 

Phone No.: (800) 344-5128 
 Facsimile No.:
(866) 969-1290 
 Email: dapsreorg@wellsfargo.com 

Attention: Corporate Trust Services, Administrator - Carmike Cinemas, Inc. 
  

	 	Re:	6.00% Senior Secured Notes Due 2023 

 Reference is hereby made to the Indenture,
dated as of June 17, 2015 (the “Indenture”), among Carmike Cinemas, Inc., as issuer (the “Company”), the Guarantors party thereto and Wells Fargo Bank, National Association, as trustee. Capitalized terms used
but not defined herein shall have the meanings given to them in the Indenture. 
 In connection with our proposed purchase of
$         aggregate principal amount of: 
 (a)  ̈ a
beneficial interest in a Global Note, or 
 (b)  ̈ a Definitive Note, 

we confirm that: 
 1. We
understand that any subsequent transfer of the Notes or any interest therein is subject to certain restrictions and conditions set forth in the Indenture and the undersigned agrees to be bound by, and not to resell, pledge or otherwise transfer the
Notes or any interest therein except in compliance with, such restrictions and conditions and the Securities Act of 1933, as amended (the “Securities Act”). 

2. We understand that the offer and sale of the Notes have not been registered under the Securities Act, and that the Notes and any interest
therein may not be offered or sold except as permitted in the following sentence. We agree, on our own behalf and on behalf of any accounts for which we are acting as hereinafter stated, that if we should sell the Notes or any interest therein, we
will do so only (A) to the Company or any subsidiary thereof, (B) in accordance with Rule 144A under the Securities Act to a “qualified institutional buyer” (as defined therein), (C) to an institutional “accredited
investor” (as defined below) that, prior to such transfer, furnishes (or has furnished on its behalf by a U.S. broker-dealer) to you and to the Company a signed letter substantially in the form of this letter and an Opinion of Counsel in form
reasonably acceptable to the Company to the effect that such transfer is in compliance with the Securities Act, (D) outside the United States in accordance with Rule 904 of Regulation S under the Securities Act, (E) pursuant to the
provisions of Rule 144 under the Securities Act or (F) pursuant to an effective registration statement under the Securities Act, and we further agree to provide to any Person purchasing the Definitive Note or beneficial interest in a Global
Note from us in a transaction meeting the requirements of clauses (A) through (E) of this paragraph a notice advising such purchaser that resales thereof are restricted as stated herein. 

  
 D-1 

 3. We understand that, on any proposed resale of the Notes or beneficial interest therein, we
will be required to furnish to you and the Company such certifications, legal opinions and other information as you and the Company may reasonably require to confirm that the proposed sale complies with the foregoing restrictions. We further
understand that the Notes purchased by us will bear a legend to the foregoing effect. 
 4. We are an institutional “accredited
investor” (as defined in Rule 501(a)(1), (2), (3) or (7) of Regulation D under the Securities Act) and have such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of our
investment in the Notes, and we and any accounts for which we are acting are each able to bear the economic risk of our or its investment. We have had access to such financial and other information as we deem necessary in connection with our
decision to purchase the Notes. 
 5. We are acquiring the Notes or beneficial interest therein purchased by us for our own account or for
one or more accounts (each of which is an institutional “accredited investor”) as to each of which we exercise sole investment discretion and are not acquiring the Notes with a view to any distribution thereof in a transaction that would
violate the Securities Act of the securities laws of any state of the United States or any other applicable jurisdiction. 
 You and the
Company are entitled to rely upon this letter and are irrevocably authorized to produce this letter or a copy hereof to any interested party in any administrative or legal proceedings or official inquiry with respect to the matters covered hereby.

  

			
	  

			[Insert Name of Accredited Investor]
		
	By:		  

			Name:
			Title:

  

			
	Dated:		  

  
 D-2 

 EXHIBIT E 

FORM OF SUPPLEMENTAL INDENTURE 
 TO
BE DELIVERED BY SUBSEQUENT GUARANTORS 
 SUPPLEMENTAL INDENTURE (this “Supplemental
Indenture”), dated as of                     , among
                    (the “Guaranteeing Subsidiary”), a subsidiary of Carmike Cinemas, Inc. (or its permitted successor), a Delaware
corporation (the “Company”), the Company, the other Guarantors (as defined in the Indenture referred to herein) and Wells Fargo Bank, National Association, as trustee under the Indenture referred to below (the
“Trustee”). 
 W I T N E S S E T H 

WHEREAS, the Company and the Guarantors have heretofore executed and delivered to the Trustee an indenture (the “Indenture”),
dated as of June 17, 2015 providing for the issuance of 6.00% Senior Secured Notes due 2023 (the “Notes”); 
 WHEREAS,
the Indenture provides that under certain circumstances the Guaranteeing Subsidiary shall execute and deliver to the Trustee a supplemental indenture pursuant to which the Guaranteeing Subsidiary shall unconditionally guarantee all of the
Company’s Obligations under the Notes and the Indenture on the terms and conditions set forth herein (the “Note Guarantee”); and 

WHEREAS, pursuant to Section 9.01 of the Indenture, the Trustee is authorized to execute and deliver this Supplemental Indenture. 

NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged,
the Guaranteeing Subsidiary and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows: 

1. CAPITALIZED TERMS. Capitalized terms used herein without definition shall have the meanings assigned to them
in the Indenture. 
 2. AGREEMENT TO GUARANTEE. The Guaranteeing Subsidiary hereby agrees to
provide an unconditional Guarantee on the terms and subject to the conditions set forth in the Note Guarantee and in the Indenture including but not limited to Article 11 thereof. 

4. NO RECOURSE AGAINST OTHERS. No director, officer, employee, incorporator or
stockholder of the Company or any Guarantor, as such, will have any liability for any obligations of the Company or the Guarantors under the Notes, this Indenture, the Note Guarantees, the security documents or for any claim based on, in respect of,
or by reason of, such obligations or their creation. Each Holder of Notes by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes. The waiver may not be effective to
waive liabilities under the federal securities laws. 
 5. NEW YORK LAW TO GOVERN. THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN
AND BE USED TO CONSTRUE THIS SUPPLEMENTAL INDENTURE WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY. 

6. COUNTERPARTS. The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an
original, but all of them together represent the same agreement. 

  
 E-1 

 7. EFFECT OF HEADINGS. The Section headings herein
are for convenience only and shall not affect the construction hereof. 
 8. THE TRUSTEE. The Trustee shall
not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Guaranteeing Subsidiary
and the Company. 

  
 E-2 

 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly
executed and attested, all as of the date first above written. 
  

							
			Dated:		  
		,

  

			
	[GUARANTEEING SUBSIDIARY]
		
	By:		  

			Name:
			Title:
	
	CARMIKE CINEMAS, INC.
		
	By:		  

			Name:
			Title:
	
	[EXISTING GUARANTORS]
		
	By:		  

			Name:
			Title:
	
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee
		
	By:		  

			Name:
			Title:

  
 E-3EX-10.1

 Exhibit 10.1 

Execution Version 
  

 
 $50,000,000 

CREDIT AGREEMENT 
 among 

CARMIKE CINEMAS, INC., 
 as
Borrower, 
 The Several Lenders 

from Time to Time Parties Hereto, 

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, 

as Administrative Agent and Syndication Agent 

Dated as of June 17, 2015 
  

 
 J.P. MORGAN SECURITIES LLC, 

MACQUARIE CAPITAL (USA) INC., AND 

RBC CAPITAL MARKETS 
 as Joint Lead
Arrangers and Joint Bookrunners 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
			
	 SECTION 1.
	 	 DEFINITIONS
	  	 	1	  
			
	 1.1
	 	 Definitions
	  	 	1	  
	 1.2
	 	 Other Definitional Provisions
	  	 	32	  
			
	 SECTION 2.
	 	 AMOUNT AND TERMS OF REVOLVING COMMITMENTS
	  	 	33	  
			
	 2.1
	 	 Revolving Commitments
	  	 	33	  
	 2.2
	 	 Procedure for Revolving Loan Borrowing
	  	 	33	  
	 2.3
	 	 Commitment Fees, etc.
	  	 	34	  
	 2.4
	 	 Termination or Reduction of Revolving Commitments
	  	 	34	  
	 2.5
	 	 L/C Commitment
	  	 	34	  
	 2.6
	 	 Procedure for Issuance of Letter of Credit
	  	 	35	  
	 2.7
	 	 Fees and Other Charges
	  	 	36	  
	 2.8
	 	 L/C Participations
	  	 	36	  
	 2.9
	 	 Reimbursement Obligation of the Borrower
	  	 	37	  
	 2.10
	 	 Obligations Absolute
	  	 	37	  
	 2.11
	 	 Letter of Credit Payments
	  	 	38	  
	 2.12
	 	 Applications
	  	 	38	  
	 2.13
	 	 Extension of Revolving Termination Date
	  	 	38	  
			
	 SECTION 3.
	 	 GENERAL PROVISIONS APPLICABLE TO LOANS AND LETTERS OF CREDIT
	  	 	41	  
			
	 3.1
	 	 Optional Prepayments
	  	 	41	  
	 3.2
	 	 Conversion and Continuation Options
	  	 	41	  
	 3.3
	 	 Limitations on Eurodollar Tranches
	  	 	41	  
	 3.4
	 	 Interest Rates and Payment Dates
	  	 	42	  
	 3.5
	 	 Computation of Interest and Fees
	  	 	42	  
	 3.6
	 	 Inability to Determine Interest Rate
	  	 	42	  
	 3.7
	 	 Pro Rata Treatment and Payments
	  	 	43	  
	 3.8
	 	 Requirements of Law
	  	 	44	  
	 3.9
	 	 Taxes
	  	 	45	  
	 3.10
	 	 Breakage Payments
	  	 	48	  
	 3.11
	 	 Change of Lending Office
	  	 	49	  
	 3.12
	 	 Replacement of Lenders
	  	 	49	  
	 3.13
	 	 Evidence of Debt
	  	 	49	  
	 3.14
	 	 Illegality
	  	 	50	  
	 3.15
	 	 Incremental Facilities
	  	 	50	  
	 3.16
	 	 Defaulting Lenders
	  	 	53	  
			
	 SECTION 4.
	 	 REPRESENTATIONS AND WARRANTIES
	  	 	55	  
			
	 4.1
	 	 Financial Condition
	  	 	55	  
	 4.2
	 	 No Change
	  	 	55	  
	 4.3
	 	 Corporate Existence; Compliance with Law
	  	 	55	  
	 4.4
	 	 Power; Authorization; Enforceable Obligations
	  	 	55	  

  
 -i- 

							
	 	 	 	  	Page	 
			
	 4.5
	 	 No Legal Bar
	  	 	56	  
	 4.6
	 	 Litigation
	  	 	56	  
	 4.7
	 	 No Default
	  	 	56	  
	 4.8
	 	 Ownership of Property; Liens
	  	 	56	  
	 4.9
	 	 Intellectual Property
	  	 	56	  
	 4.10
	 	 Taxes
	  	 	57	  
	 4.11
	 	 Federal Regulations
	  	 	57	  
	 4.12
	 	 Labor Matters
	  	 	57	  
	 4.13
	 	 ERISA
	  	 	57	  
	 4.14
	 	 Investment Company Act; Other Regulations
	  	 	58	  
	 4.15
	 	 Subsidiaries
	  	 	58	  
	 4.16
	 	 Use of Proceeds
	  	 	58	  
	 4.17
	 	 Environmental Matters
	  	 	58	  
	 4.18
	 	 Accuracy of Information, etc.
	  	 	59	  
	 4.19
	 	 Security Documents
	  	 	59	  
	 4.20
	 	 Solvency
	  	 	60	  
	 4.21
	 	 Regulation H
	  	 	60	  
	 4.22
	 	 Anti-Corruption Laws and Sanctions
	  	 	60	  
			
	 SECTION 5.
	 	 CONDITIONS PRECEDENT
	  	 	60	  
			
	 5.1
	 	 Conditions to Initial Extension of Credit
	  	 	60	  
	 5.2
	 	 Conditions to Each Extension of Credit
	  	 	63	  
			
	 SECTION 6.
	 	 AFFIRMATIVE COVENANTS
	  	 	64	  
			
	 6.1
	 	 Financial Statements
	  	 	64	  
	 6.2
	 	 Certificates; Other Information
	  	 	64	  
	 6.3
	 	 Payment of Obligations
	  	 	66	  
	 6.4
	 	 Maintenance of Existence; Compliance
	  	 	66	  
	 6.5
	 	 Maintenance of Property; Insurance
	  	 	66	  
	 6.6
	 	 Inspection of Property; Books and Records; Discussions
	  	 	67	  
	 6.7
	 	 Notices
	  	 	67	  
	 6.8
	 	 Environmental Laws
	  	 	68	  
	 6.9
	 	 Landlord Consents
	  	 	68	  
	 6.10
	 	 Additional Collateral, etc.
	  	 	68	  
	 6.11
	 	 Further Assurances
	  	 	70	  
	 6.12
	 	 Cash Management
	  	 	71	  
	 6.13
	 	 Post-Closing Requirements
	  	 	71	  
			
	 SECTION 7.
	 	 NEGATIVE COVENANTS
	  	 	71	  
			
	 7.1
	 	 Financial Condition Covenant
	  	 	71	  
	 7.2
	 	 Indebtedness
	  	 	71	  
	 7.3
	 	 Liens
	  	 	73	  
	 7.4
	 	 Fundamental Changes
	  	 	75	  
	 7.5
	 	 Disposition of Property
	  	 	75	  
	 7.6
	 	 Restricted Payments
	  	 	76	  
	 7.7
	 	 Investments
	  	 	77	  
	 7.8
	 	 Modifications of Certain Debt Instruments
	  	 	78	  
	 7.9
	 	 Transactions with Affiliates
	  	 	78	  

  
 -ii- 

							
	 	 	 	  	Page	 
			
	 7.10
	 	 Sales and Leasebacks
	  	 	78	  
	 7.11
	 	 Hedge Agreements
	  	 	78	  
	 7.12
	 	 Changes in Fiscal Periods
	  	 	79	  
	 7.13
	 	 Negative Pledge Clauses
	  	 	79	  
	 7.14
	 	 Clauses Restricting Subsidiary Distributions
	  	 	79	  
	 7.15
	 	 Lines of Business
	  	 	79	  
	 7.16
	 	 Financing Obligations
	  	 	79	  
	 7.17
	 	 Anti-Corruption Laws and Sanctions
	  	 	79	  
			
	 SECTION 8.
	 	 EVENTS OF DEFAULT
	  	 	80	  
			
	 SECTION 9.
	 	 THE AGENTS
	  	 	83	  
			
	 9.1
	 	 Appointment
	  	 	83	  
	 9.2
	 	 Delegation of Duties
	  	 	83	  
	 9.3
	 	 Exculpatory Provisions
	  	 	83	  
	 9.4
	 	 Reliance by Agents
	  	 	84	  
	 9.5
	 	 Notice of Default
	  	 	84	  
	 9.6
	 	 Non-Reliance on Agents and Other Lenders
	  	 	84	  
	 9.7
	 	 Indemnification
	  	 	85	  
	 9.8
	 	 Agent in Its Individual Capacity
	  	 	85	  
	 9.9
	 	 Successor Administrative Agent
	  	 	85	  
	 9.10
	 	 Agents Generally
	  	 	85	  
	 9.11
	 	 The Joint Lead Arrangers and Syndication Agent
	  	 	85	  
	 9.12
	 	 Withholding
	  	 	86	  
			
	 SECTION 10.
	 	 MISCELLANEOUS
	  	 	86	  
			
	 10.1
	 	 Amendments and Waivers
	  	 	86	  
	 10.2
	 	 Notices and Communications
	  	 	87	  
	 10.3
	 	 No Waiver; Cumulative Remedies
	  	 	88	  
	 10.4
	 	 Survival of Representations and Warranties
	  	 	88	  
	 10.5
	 	 Payment of Expenses/Indemnity
	  	 	88	  
	 10.6
	 	 Successors and Assigns; Participations and Assignments
	  	 	89	  
	 10.7
	 	 Adjustments; Set-off
	  	 	92	  
	 10.8
	 	 Counterparts
	  	 	92	  
	 10.9
	 	 Severability
	  	 	93	  
	 10.10
	 	 Integration
	  	 	93	  
	 10.11
	 	 GOVERNING LAW
	  	 	93	  
	 10.12
	 	 Submission To Jurisdiction; Waivers
	  	 	93	  
	 10.13
	 	 Acknowledgments
	  	 	93	  
	 10.14
	 	 Releases of Guarantees and Liens
	  	 	94	  
	 10.15
	 	 Confidentiality
	  	 	94	  
	 10.16
	 	 WAIVERS OF JURY TRIAL
	  	 	95	  
	 10.17
	 	 USA Patriot Act
	  	 	95	  

  
 -iii- 

			
	SCHEDULES:		
		
	1.1A		Revolving Commitments
	1.1B		Mortgaged Property
	4.4		Consents, Authorizations, Filings and Notices
	4.12		Labor Matters
	4.15		Subsidiaries
	4.19(a)		UCC Filing Jurisdictions
	4.19(b)(i)		Mortgage Filing Jurisdictions
	4.19(b)(ii)		Real Property
	6.13		Post-Closing Requirements
	7.2(e)		Existing Indebtedness
	7.3(f)		Existing Liens
	7.8(l)		Existing Investments
		
	EXHIBITS:		
		
	A		Form of Assignment and Assumption
	B		Form of Compliance Certificate
	C		Form of First Lien Guarantee and Collateral Agreement
	D		Form of First Lien Mortgage
	E		Form of Exemption Certificate
	F		Form of Closing Certificate
	G		Form of Extension Notice
	H		Form of Assumption Agreement

  
 -iv- 

 CREDIT AGREEMENT, dated as of June 17, 2015, among CARMIKE CINEMAS, INC., a Delaware
corporation (the “Borrower”), the several banks and other financial institutions or entities from time to time parties to this Agreement (the “Lenders”), JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, as syndication
agent (in such capacity, the “Syndication Agent”), and JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, as administrative agent (in such capacity, and together with its successors in such capacity, the “Administrative
Agent”). 
 The parties hereto hereby agree as follows: 

SECTION 1. DEFINITIONS 
 1.1
Definitions. As used in this Agreement, the terms listed in this Section 1.1 shall have the respective meanings set forth in this Section 1.1. 

“Administrative Agent”: as defined in the recitals to this Agreement. 

“Affiliate”: of any specified Person means any other Person directly or indirectly controlling or controlled by or under
direct or indirect common control with such specified Person. For purposes of this definition, “control,” as used with respect to any Person, means the possession, directly or indirectly, of the power to direct or cause the direction of
the management or policies of such Person, whether through the ownership of voting securities, by agreement or otherwise. For purposes of this definition, the terms “controlling,” “controlled by” and “under common control
with” have correlative meanings. 
 “Agents”: the collective reference to the Syndication Agent, the Joint Lead
Arrangers and the Administrative Agent, which term shall include, for purposes of Section 9 only, the Issuing Lender. 

“Aggregate Exposure”: with respect to any Lender at any time, the amount of such Lender’s Revolving Commitment then in
effect or, if the Revolving Commitments have been terminated, the amount of such Lender’s Revolving Extensions of Credit then outstanding. 

“Aggregate Exposure Percentage”: with respect to any Lender at any time, the ratio (expressed as a percentage) of such
Lender’s Aggregate Exposure at such time to the Aggregate Exposure of all Lenders at such time. 
 “Agreement”: this
Credit Agreement, as amended, restated, amended and restated, supplemented or otherwise modified from time to time. 

“Anti-Corruption Laws”: all laws, rules, and regulations of any jurisdiction applicable to the Borrower or any of its
Subsidiaries from time to time concerning or relating to bribery or corruption. 
 “Applicable Margin”: for each Type of
Loan, the rate per annum set forth under the relevant column heading below: 
  

									
	 	  	Eurodollar Loans	 	 	Base Rate Loans	 
			
	 Revolving Loans
	  	 	2.75	% 	 	 	1.75	% 

 “Application”: an application, in form and substance as the Issuing Lender may specify from
time to time, requesting the Issuing Lender to issue a Letter of Credit, in each case executed by a duly authorized employee or officer of the Borrower. 

 “Approved Fund”: 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 of its business and that is administered or managed by (i) a Lender, (ii) an Affiliate of a Lender or (iii) an entity or an
Affiliate of an entity that administers or manages a Lender. 
 “Asset Sale”: means: 

(a) the sale, lease, conveyance or other disposition of any assets or rights by the Borrower or any Subsidiary; provided that the sale,
lease, conveyance or other disposition of all or substantially all of the assets of the Borrower and its Subsidiaries taken as a whole will be governed by the provisions of Section 7.4 hereof and not by Section 7.5; and 

(b) the issuance of Equity Interests by any of the Subsidiaries or the sale by the Borrower or any Subsidiary of Equity Interests in any of
the Subsidiaries. 
 Notwithstanding the preceding, none of the following items will be deemed to be an Asset Sale: 

(i) any single transaction or series of related transactions that involves assets having a Fair Market Value of less than
$3,000,000; 
 (ii) a transfer of assets between or among the Borrower and the Subsidiaries; 

(iii) an issuance of Equity Interests by a Subsidiary to the Borrower or to another Subsidiary; 

(iv) the sale, lease or other transfer of products, services or accounts receivable in the ordinary course of business and any
sale or other disposition in the ordinary course of business of assets that are damaged, worn-out, obsolete or otherwise unsuitable or unnecessary for use in connection with the business of the Borrower or its Subsidiaries (including (a) the
abandonment or other disposition of Intellectual Property that is, in the reasonable judgment of the Borrower, no longer economically practicable to maintain or useful in the conduct of the business of the Borrower and the Subsidiaries taken as
whole, (b) dispositions of fixtures, equipment and inventory in connection with a theater closing and (c) any sale or disposition of assets in connection with scheduled maintenance and equipment and facility updates); 

(v) licenses and sublicenses by the Borrower or any Subsidiary of software or Intellectual Property in the ordinary course of
business; 
 (vi) any surrender or waiver of contract rights or settlement, release, recovery on or surrender of contract,
tort or other claims in the ordinary course of business; 
 (vii) the granting of Liens not prohibited by
Section 7.3; 
 (viii) the sale or other disposition of cash or Cash Equivalents; 

(ix) a Restricted Payment that does not violate the covenant in Section 7.6 or a Permitted Investment; 

  
 2 

 (x) sales of assets received by the Borrower or any Subsidiary upon the
foreclosure on a Lien; 
 (xi) the issuance of preferred stock of a Subsidiary in compliance with Section 7.2;

 (xii) sales, transfers and other 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; 
 (xiii)
foreclosures on assets of the Borrower and its Subsidiaries to the extent it would not otherwise result in a Default or Event of Default; 

(xiv) sales, transfers and other dispositions of Investments in Subsidiaries other than Subsidiary Guarantors; 

(xv) sales, transfers and other dispositions of the Screenvision Units; 

(xvi) any lease, sale, transfer or other disposition by the Borrower or any of its Subsidiaries of a theater acquired after the
date of this Agreement (whether through, merger, consolidation, asset purchase or otherwise) in one or a series of related transactions; provided that (a) the lease, sale, transfer or other disposition of such theater occurs within
twelve months of its acquisition by the Borrower or such Subsidiary and (b) the Net Proceeds of such lease, sale, transfer or other disposition does not exceed 15% of the Fair Market Value of the aggregate consideration paid for such theater
and all other theaters acquired in the same transaction or series of related transactions; and 
 (xvii) the sale and
leaseback of the Snellville Property. 
 “Assignee”: as defined in Section 10.6(b). 

“Assignment and Assumption”: an Assignment and Assumption, substantially in the form of Exhibit A. 

“Assuming Lender”: as defined in Section 2.13. 

“Attributable Debt”: in respect of a Sale/Leaseback Transaction means, at the time of determination, the present value of the
obligation of the lessee for net rental payments during the remaining term of the lease included in such Sale/Leaseback Transaction including any period for which such lease has been extended or may, at the option of the lessor, be extended. Such
present value shall be calculated using a discount rate equal to the rate of interest implicit in such transaction, determined in accordance with GAAP; provided, however, that if such Sale/Leaseback Transaction results in a Capital
Lease Obligation, the amount of Indebtedness represented thereby will be determined in accordance with the definition of “Capital Lease Obligations.” 

“Available Revolving Commitment”: as to any Revolving Lender at any time, an amount equal to the excess, if any, of
(a) such Lender’s Revolving Commitment then in effect over (b) such Lender’s Revolving Extensions of Credit then outstanding. 

  
 3 

 “Bank Product Agreement”: any agreement for treasury, investment, depository,
clearing house, wire transfer, cash management, purchasing cards and corporate credit cards or automated clearing house transfers of funds services or any related services. 

“Bank Product Obligations”: with respect to any Person, the obligations of such Person under Bank Product Agreements to which
it is a party, in each case as designated by the Borrower as “Bank Product Obligations” to the Collateral Trustee in accordance with the applicable provisions of the Collateral Trust Agreement. 

“Base Rate”: for any day, a rate per annum (rounded upwards, if necessary, to the next 1/16 of 1%) equal to the
greater of (a) 0% and (b) the highest of (i) the Prime Rate in effect on such day, (ii) the Federal Funds Effective Rate in effect on such day plus 0.50% and (iii) the Eurodollar Rate for a Eurodollar Loan with a
one-month interest period plus 1.0%. For purposes hereof: “Prime Rate” shall mean the rate of interest per annum publicly announced from time to time by the Administrative Agent as its prime rate in effect at its principal office in
New York City (the Prime Rate not being intended to be the lowest rate of interest charged by the Administrative Agent in connection with extensions of credit to debtors). Any change in the Base Rate due to a change in the Prime Rate, the
Federal Funds Effective Rate or the Eurodollar Rate shall be effective as of the opening of business on the effective day of such change in the Prime Rate, the Federal Funds Effective Rate or the Eurodollar Rate, respectively. 

“Base Rate Loans”: Loans the rate of interest applicable to which is based upon the Base Rate. 

“Benefitted Lender”: as defined in Section 10.7(a). 

“Board”: the Board of Governors of the Federal Reserve System of the United States (or any successor). 

“Board of Directors”: (a) with respect to a corporation, the board of directors of the corporation or any committee
thereof duly authorized to act on behalf of such board; (b) with respect to a partnership, the Board of Directors of the general partner of the partnership; (c) with respect to a limited liability company, the managing member or members or
any controlling committee of managing members thereof; and (d) with respect to any other Person, the board or committee of such Person serving a similar function. 

“Borrower”: as defined in the preamble to this Agreement. 

“Borrowing Date”: any Business Day specified by the Borrower as a date on which the Borrower requests the relevant Lenders to
make Loans hereunder. 
 “Business”: as defined in Section 4.17(b). 

“Business Day”: a 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 with respect to notices and determinations in connection with, and payments of principal and interest on, Eurodollar Loans, such day is also a day for trading by and between banks in Dollar deposits in
the interbank eurodollar market. 
 “Calculation Date”: the date for which any applicable calculation of the Consolidated
First Lien Leverage Ratio or the Consolidated Total Leverage Ratio, as applicable, is made. 

  
 4 

 “Capital Lease Obligations”: as to any Person, at the time any determination is
to be made, the amount of the liability in respect of a capital lease that would, subject to Section 1.2(c), at that time be required to be capitalized on a balance sheet prepared in accordance with GAAP, and the Stated Maturity thereof shall
be the date of the last payment of rent or any other amount due under such lease prior to the first date upon which such lease may be prepaid by the lessee without payment of a penalty. 

“Capital Stock”: (a) in the case of a corporation, corporate stock; (b) in the case of an association or business
entity, any and all shares, interests, participations, rights or other equivalents (however designated) of corporate stock; (c) in the case of a partnership or limited liability company, partnership interests (whether general or limited) or
membership interests; and (d) 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, but excluding from all of the foregoing any
debt securities convertible into Capital Stock, whether or not such debt securities include any right of participation with Capital Stock. 

“Cash Equivalents”: (a) United States dollars; (b) securities issued or directly and fully guaranteed or insured by
the United States government or any agency or instrumentality of the United States government (provided that the full faith and credit of the United States is pledged in support of those securities) having maturities of not more than one year
from the date of acquisition; (c) certificates of deposit and eurodollar time deposits with maturities of one year or less from the date of acquisition, bankers’ acceptances with maturities not exceeding six months and overnight bank
deposits, in each case, with any lender party to the Credit Agreement or with any domestic commercial bank having capital and surplus in excess of $500,000,000 and a Thomson Bank Watch Rating of “B” or better; (d) marketable direct
obligations issued by any state of the United States or any political subdivision of any such state or any public instrumentality thereof, in each case maturing within one year from the date of acquisition, and having, at the time of acquisition, a
credit rating of at least “A-1” from S&P or at least “P-1” from Moody’s; (e) repurchase obligations with a term of not more than seven days for underlying securities of the types described in clauses (b),
(c) and (d) above entered into with any financial institution meeting the qualifications specified in clause (c) above; (f) commercial paper having one of the two highest ratings obtainable from Moody’s or S&P and, in
each case, maturing within six months after the date of acquisition; and (g) money market funds at least 95% of the assets of which constitute Cash Equivalents of the kinds described in clauses (a) through (f) of this definition. 

“Closing Date”: the date on which the conditions precedent set forth in Section 5.1 shall have been satisfied or
waived, which date is June 17, 2015. 
 “Code”: the Internal Revenue Code of 1986, as amended from time to time. 

“Collateral”: all property of the Loan Parties, now owned or hereafter acquired, upon which a Lien is purported to be created
by any Security Document. 
 “Collateral Trust Agreement”: that certain collateral trust agreement dated the date hereof
entered into among the Borrower, the Subsidiary Guarantors party thereto, the Administrative Agent, the Collateral Trustee and the trustee under the Senior Secured Notes Indenture. 

“Collateral Trustee”: Wells Fargo Bank, National Association, in its capacity as collateral trustee under the Collateral
Trust Agreement, together with its successors in such capacity. 
 “Commitment”: as to any Lender, the sum of the Revolving
Commitment and the Incremental Term Loan Commitment of such Lender. 

  
 5 

 “Commitment Fee Rate”: 0.50% per annum. 

“Commodity Exchange Act”: the Commodity Exchange Act (7 U.S.C. § 1 et seq.), as amended from time to time, and any
successor statute. 
 “Commonly Controlled Entity”: an entity, whether or not incorporated, that is under common control
with the Borrower within the meaning of Section 4001 of ERISA or is part of a group that includes the Borrower and that is treated as a single employer under Section 414 of the Code. 

“Compliance Certificate”: a certificate duly executed by a Responsible Officer substantially in the form of
Exhibit B. 
 “Consolidated EBITDA”: with respect to any specified Person for any period, the Consolidated Net
Income of such Person for such period plus, without duplication: 
 (a) an amount equal to any extraordinary loss plus any net loss realized
by such Person or any of its Subsidiaries in connection with an Asset Sale, to the extent such losses were deducted in computing such Consolidated Net Income; plus 

(b) provision for taxes based on income or profits of such Person and its Subsidiaries for such period, including, without limitation, state,
franchise, and similar taxes, in each case to the extent that such provision for taxes was deducted in computing such Consolidated Net Income; plus 

(c) the Fixed Charges of such Person and its Subsidiaries for such period other than any cash dividends, to the extent that such Fixed Charges
were deducted in computing such Consolidated Net Income; plus 
 (d) any foreign currency translation losses (including losses
related to currency re-measurements of Indebtedness) of such Person and its Subsidiaries for such period, to the extent that such losses were taken into account in computing such Consolidated Net Income; plus 

(e) the amount of any costs incurred by such Person and its Subsidiaries for such period in connection with the integration of an acquisition,
to the extent deducted in computing Consolidated Net Income; plus 
 (f) non-recurring items or unusual charges or expenses,
executive recruitment, severance, relocation costs or expense, other business optimization expenses (including costs and expenses relating to business optimization programs), new systems design and implementation costs, project start-up costs,
restructuring charges or reserves, and costs related to the closure and/or consolidation of facilities, or any other costs incurred in connection with any of the foregoing, of such Person and its Subsidiaries for such period to the extent deducted
in computing Consolidated Net Income; plus 
 (g) any net after-tax losses attributable to the early extinguishment or conversion of
Indebtedness of such Person and its Subsidiaries for such period, to the extent deducted in computing Consolidated Net Income; plus 

(h) the amount of any minority interest expense attributable to minority interests of third parties in the positive income of any non-Wholly
Owned Subsidiary of the Borrower, in each case to the extent not paid in cash; plus 

  
 6 

 (i) charges for the write-off of unamortized debt costs of such Person and its Subsidiaries for
such period, to the extent deducted in computing Consolidated Net Income; plus 
 (j) any fees, expenses, prepayment premiums or
charges of such Person and its Subsidiaries for such period related to any acquisition, disposition, Investment, repayment of Indebtedness, issuance of Capital Stock, financing, recapitalization or the incurrence of Indebtedness, in each case
permitted by this Agreement and other than in the ordinary course of business, including such fees, expenses, prepayment premiums or charges related to the transactions contemplated by the Senior Secured Notes Documents and this Agreement, to the
extent deducted in computing Consolidated Net Income; plus 
 (k) pre-opening expenses and theater closing expenses of such Person
and its Subsidiaries for such period to the extent such expenses were deducted in computing Consolidated Net Income; plus 
 (l)
depreciation and amortization (including amortization or impairment write-offs of goodwill and other intangibles, but excluding amortization of prepaid cash expenses that were paid in a prior period) of such Person and its Subsidiaries for such
period to the extent that such depreciation and amortization was deducted in computing Consolidated Net Income; plus 
 (m) any other
non-cash expenses or charges, including any impairment charge or asset write-offs or write-downs related to intangible assets (including goodwill), long-lived assets, and Investments in debt and equity securities (excluding any such non-cash charge
or expense to the extent that it represents an accrual of or reserve for cash charges or expenses in any future period or amortization of a prepaid cash charge or expense that was paid in a prior period) of such Person and its Subsidiaries for such
period to the extent that such non-cash charges or expenses were deducted in computing such Consolidated Net Income; minus 
 (n) any
foreign currency translation gains (including gains related to currency re-measurements of Indebtedness) of such Person and its Subsidiaries for such period, to the extent that such gains were taken into account in computing such Consolidated Net
Income; minus 
 (o) the amount of any minority interest income attributable to minority interests of third parties in the losses of
any non-Wholly Owned Subsidiary, in each case to the extent not received in cash; minus 

(p) any net income from disposed or discontinued operations of such Person and its Subsidiaries for such period; and minus 

(q) non-cash items increasing such Consolidated Net Income for such period, other than the accrual of revenue in the ordinary course of
business; 
 in each case, on a consolidated basis and determined in accordance with GAAP. 

Notwithstanding the preceding, the provision for taxes based on the income or profits of, and the depreciation and amortization and other
non-cash expenses of, a Subsidiary will be added to Consolidated Net Income to compute Consolidated EBITDA of the Borrower only to the extent that a corresponding amount would be permitted at the date of determination to be dividended to the
Borrower by such Subsidiary without prior approval of a Governmental Authority (that has not been obtained), and without direct or indirect restriction pursuant to the terms of its charter and all agreements, instruments, judgments, decrees, orders,
statutes, rules and regulations of a Governmental Authority applicable to that Subsidiary or its stockholders. 

  
 7 

 “Consolidated First Lien Debt”: at any date, the aggregate principal amount of
Priority Lien Debt (as defined in the Collateral Trust Agreement), Capital Lease Obligations, Financing Obligations and Attributable Debt of the Borrower and its Subsidiaries outstanding as at such date. 

“Consolidated First Lien Leverage Ratio”: at any time, the ratio of (a) the outstanding Consolidated First Lien Debt at
such date, less the amount of unrestricted cash and Cash Equivalents set forth on the consolidated balance sheet of the Borrower and its Subsidiaries as at such date, to (b) the Consolidated EBITDA of the Borrower and its Subsidiaries for the
four most recent full fiscal quarters ending immediately prior to such date for which internal financial statements are available, or in the case of any calculation pursuant to Section 7.1, ended on the last date of the fiscal quarter in
question, in each case as calculated on a Pro Forma Basis. 
 “Consolidated Net Income”: with respect to any specified
Person for any period, the aggregate of the net income (loss) of such Person and its Subsidiaries for such period, on a consolidated basis (excluding the net income (loss) of any Subsidiary that is not a Subsidiary Guarantor of such Person),
determined in accordance with GAAP and without any reduction in respect of preferred stock dividends; provided that: 
 (a) all
extraordinary gains (but not losses) and all gains (but not losses) realized in connection with any Asset Sale or the disposition of securities or the early extinguishment of Indebtedness, together with any related provision for taxes on any such
gain, will be excluded; 
 (b) the net income (but not loss) of any Person that is not a Subsidiary Guarantor or that is accounted for by
the equity method of accounting will be included only to the extent of the amount of dividends or similar distributions paid in cash to the specified Person or a Subsidiary Guarantor of the Person; 

(c) solely for the purpose of determining the amount available for Restricted Payments under Section 7.6(c), the net income (but
not loss) of any Subsidiary Guarantor will be excluded to the extent that the declaration or payment of dividends or similar distributions by that Subsidiary Guarantor of that net income is not at the date of determination permitted without any
prior approval of a Governmental Authority (that has not been obtained) or, directly or indirectly, by operation of the terms of its charter or any agreement, instrument, judgment, decree, order, statute, rule or regulation of a Governmental
Authority applicable to that Subsidiary Guarantor or its stockholders; 
 (d) the cumulative effect of a change in accounting principles
will be excluded; and 
 (e) non-cash gains and losses attributable to movement in the mark-to-market valuation of Hedging Obligations
pursuant to Financial Accounting Standards Board Statement No. 133 will be excluded. 
 “Consolidated Total Leverage
Ratio”: at any date, the ratio of (a) the aggregate principal amount of all Indebtedness of the Borrower and its Subsidiaries at such date determined on a consolidated basis in accordance with GAAP, to (b) the Consolidated EBITDA
of the Borrower and its Subsidiaries for the four most recent full fiscal quarters ending immediately prior to such date for which internal financial statements are available, or in the case of any calculation pursuant to Section 7.1,
ended on the last date of the fiscal quarter in question, in each case as calculated on a Pro Forma Basis. 

  
 8 

 “Continuing Directors”: the directors of the Borrower on the Closing Date, after
giving effect to the other transactions contemplated hereby, and each other director, if, in each case, such other director’s election or nomination for election to the Board of Directors of the Borrower is recommended by at least a majority of
the then Continuing Directors. 
 “Contractual Obligation”: 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. 

“Control Agreement”: an agreement, in form and substance reasonably satisfactory to the Administrative Agent, among the
Borrower, the banking institution where the Borrower maintains its principal concentration deposit account and the Administrative Agent, with respect to control of all deposits and balances held in such account. 

“Credit Facilities”: one or more debt facilities (including, without limitation, this Agreement), indentures or commercial
paper facilities, in each case, with banks or other institutional lenders, accredited investors or institutional investors providing for revolving credit loans, term loans, term debt, debt securities, receivables financing (including through the
sale of receivables to such lenders or to special purpose entities formed to borrow from such lenders against such receivables) or letters of credit, in each case, as amended, restated, modified, renewed, extended, increased, refunded, replaced in
any manner (whether upon or after termination or otherwise) or refinanced (including by means of sales of debt securities to institutional investors) in whole or in part from time to time. 

“Default”: any of the events specified in Section 8, whether or not any requirement for the giving of notice, the
lapse of time, or both, has been satisfied. 
 “Defaulting Lender”: any Lender that (a) has failed to fund any portion
of its Loans or participations in Letters of Credit within three Business Days of the date required to be funded by it hereunder, unless such Lender notifies the Administrative Agent in writing that such failure is the result of such Lender’s
good faith determination that a condition precedent to funding (specifically identified and including the particular default, if any) has not been satisfied, (b) has notified the Borrower, the Administrative Agent, the Issuing Lender or any
Lender in writing that it does not intend to comply with any of its funding obligations under this Agreement or has made a public statement to the effect that it does not intend to comply with its funding obligations under this Agreement (unless
such writing or public statement indicates that such position is based on such Lender’s good faith determination that a condition precedent (specifically identified and including the particular default, if any) to comply with such funding
obligation under this Agreement cannot be satisfied) or under other agreements in which it commits to extend credit, (c) has failed, within three Business Days after request by the Administrative Agent, to confirm that it will comply with the
terms of this Agreement relating to its obligations (and is financially able to meet such obligations) to fund prospective Loans and participations in then outstanding Letters of Credit; provided that such Lender shall cease to be a
Defaulting Lender pursuant to this clause (c) upon the Administrative Agent’s receipt of such confirmation in form and substance satisfactory to the Administrative Agent, (d) has otherwise failed to pay over to the Administrative
Agent, the Issuing Lender or any other Lender any other amount required to be paid by it hereunder within three Business Days of the date when due, unless the subject of a good faith dispute, or (e) (i) is insolvent or has a parent company
that is insolvent or (ii) has become the subject of a bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee or custodian appointed for it, or has taken any action in furtherance of, or indicating its consent to,
approval of or acquiescence in any such proceeding or appointment or has a parent company that has become the subject of a bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee or custodian appointed for it, or has taken
any action in furtherance of, or indicating its consent to, approval of or acquiescence in any such proceeding or appointment; provided, 

  
 9 

 
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 so long as such ownership interest does not result in or provide such Lender with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or
permit such Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Lender. 

“Disposition”: with respect to any Property, any sale, lease, sale and leaseback, assignment, conveyance, transfer or other
disposition thereof. The terms “Dispose” and “Disposed of” shall have correlative meanings. 

“Disqualified Stock”: any Capital Stock that, by its terms (or by the terms of any security into which it is convertible, or
for which it is exchangeable, in each case, at the option of the holder of the Capital Stock), or upon the happening of any event, matures or is mandatorily redeemable, pursuant to a sinking fund obligation or otherwise, or redeemable at the option
of the holder of the Capital Stock, in whole or in part, on or prior to the date that is 91 days after the latest of (x) the date on which the Senior Secured Notes mature and (y) the Revolving Termination Date. Notwithstanding the
preceding sentence, any Capital Stock that would constitute Disqualified Stock solely because the holders of the Capital Stock have the right to require the Borrower to repurchase such Capital Stock upon the occurrence of a change of control or an
asset sale will not constitute Disqualified Stock if the terms of such Capital Stock provide that the Borrower may not repurchase or redeem any such Capital Stock pursuant to such provisions unless such repurchase or redemption complies with
Section 7.6. The amount of Disqualified Stock deemed to be outstanding at any time for purposes of this Agreement will be the maximum amount that the Borrower and the Subsidiary Guarantors may become obligated to pay upon the maturity
of, or pursuant to any mandatory redemption provisions of, such Disqualified Stock, exclusive of accrued dividends. 

“Dollars” and “$”: dollars in lawful currency of the United States. 

“Domestic Subsidiary”: any Subsidiary of the Borrower organized under the laws of any jurisdiction within the
United States. 
 “Eligible Assignee”: any Person that is not (a) a Defaulting Lender or any Person as to which
such Lender is, directly or indirectly, a Subsidiary, (b) the Borrower or any of its Affiliates, (c) a natural person or (d) a holding company, investment vehicle or trust for, or owned and operated for the primary benefit of, a
natural person or relative(s) thereof; provided that, such holding company, investment vehicle or trust shall constitute an Eligible Assignee if it (x) has not been established for the primary purpose of acquiring any Loans or
Commitments, (y) is managed by a professional advisor, who is not such natural person or a relative thereof, having significant experience in the business of making or purchasing commercial loans, and (z) has assets greater than
$25,000,000 and a significant part of its activities consist of making or purchasing commercial loans and similar extensions of credit in the ordinary course of its business. 

“Environmental Laws”: any and all foreign, Federal, state, local or municipal laws, rules, orders, regulations, statutes,
ordinances, codes, decrees, requirements of any Governmental Authority or other Requirements of Law (including common law) regulating, relating to or imposing liability or standards of conduct concerning protection of human health or the
environment, as now or may at any time hereafter be in effect. 

  
 10 

 “Equity Interests”: 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”: the Employee Retirement Income Security Act of 1974, as amended from time to time. 

“Eurocurrency Reserve Requirements”: for any day as applied to a Eurodollar Loan, the aggregate (without duplication) of the
maximum rates (expressed as a decimal fraction) of reserve requirements in effect on such day (including basic, supplemental, marginal and emergency reserves under any regulations of the Board or other Governmental Authority having jurisdiction with
respect thereto) dealing with reserve requirements prescribed for eurocurrency funding (currently referred to as “Eurocurrency Liabilities” in Regulation D of the Board) maintained by a member bank of the Federal Reserve System. 

“Eurodollar Base Rate”: with respect to each day during each Interest Period pertaining to a Eurodollar Loan, the greater of
(a) a rate per annum equal to 0% and (b) the London interbank offered rate as administered by ICE Benchmark Administration (or any other Person that takes over the administration of such rate) for Dollars for a period equal to such
Interest Period commencing on the first day of such Interest Period appearing on the Reuters Screen LIBOR01 Page or Reuters Screen LIBOR02 Page (or in the event such rate does not appear on a Reuters page or screen, on any successor or substitute
page on such screen that displays such rate, or on the appropriate page of such other information service that publishes such rate from time to time as selected by the Administrative Agent in its reasonable discretion; in each case the “LIBO
Screen Rate”) as of 11:00 A.M., London time, two Business Days prior to the beginning of such Interest Period; provided that if the LIBO Screen Rate shall not be available at such time for such Interest Period (an
“Impacted Interest Period”) then the Eurodollar Base Rate shall be the Interpolated Rate. 
 “Eurodollar
Loans”: Loans the rate of interest applicable to which is based upon the Eurodollar Rate. 
 “Eurodollar Rate”:
with respect to each day during each Interest Period pertaining to a Eurodollar Loan, a rate per annum determined for such day in accordance with the following formula (rounded upward to the nearest 1/100th of 1%): 

 

	
	 Eurodollar Base Rate

	1.00 - Eurocurrency Reserve Requirements

 “Eurodollar Tranche”: the collective reference to Eurodollar Loans under the Revolving
Facility the then current Interest Periods with respect to all of which begin on the same date and end on the same later date (whether or not such Loans shall originally have been made on the same day). 

“Event of Default”: any of the events specified in Section 8, provided that any requirement for the giving
of notice, the lapse of time, or both, has been satisfied. 
 “Excluded Foreign Subsidiary”: any Foreign Subsidiary in
respect of which either (a) the pledge of all of the Capital Stock of such Subsidiary as Collateral or (b) the guaranteeing by such Subsidiary of the Obligations, would, in the reasonable and good faith judgment of the Borrower, result in
adverse tax consequences to the Borrower. 

  
 11 

 “Excluded Hedging Obligation”: with respect to any Guarantor, any Hedging
Obligation if, and to the extent that, all or a portion of the Guarantee of such Guarantor of, or the grant by such Guarantor of a security interest to secure, such Hedging Obligation (or any Guarantee 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 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 guarantee of such Guarantor or the grant of such security interest becomes effective with respect to such Hedging
Obligation. If a Hedging Obligation arises under a master agreement governing more than one swap, such exclusion shall apply only to the portion of such Hedging Obligation that is attributable to swaps for which such guarantee or security interest
is or becomes illegal. 
 “Excluded Subsidiary”: (x) an Excluded Foreign Subsidiary, (y) an Immaterial
Subsidiary, or (z) a non-Wholly Owned Subsidiary which is prohibited from becoming a Subsidiary Guarantor by the terms of any Requirement of Law (including any duty owed thereunder) or Contractual Obligation binding on or applicable to such
non-Wholly Owned Subsidiary or the holders of its Capital Stock at the time such Subsidiary is created or acquired and not, in the case of any such Contractual Obligation, entered into in contemplation of such creation or acquisition (except in the
case of any such non-Wholly Owned Subsidiary, as part of any bona fide arms’-length investment in such Subsidiary by one or more other Persons who are unaffiliated with the Borrower or any of its Subsidiaries). 

“Extended Revolving Termination Date”: as defined in Section 2.13. 

“Extending Lender”: as defined in Section 2.13. 

“Extension Notice Date”: as defined in Section 2.13. 

“Facility”: each of (a) any Incremental Facility and (b) the Revolving Facility. 

“Fair Market Value”: the value that would be paid by a willing buyer to an unaffiliated willing seller in a transaction not
involving distress or necessity of either party, determined in good faith by the Board of Directors of the Borrower (unless otherwise provided in this Agreement). For avoidance of doubt, the public offering price of Equity Interests of any Person
sold in a bona fide public offering will be deemed to be the Fair Market Value of such Equity Interests in respect of such sale (notwithstanding that such Equity Interests may be sold at a discount to their current trading price, or may subsequently
trade at a higher price). 
 “FATCA”: 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 of future regulations or official interpretations thereof, any agreement entered into pursuant to current
Section 1471(b)(1) of the Code and any intergovernmental agreement entered into in connection with the implementation of such Sections of the Code. 

“Federal Funds Effective Rate”: for any day, the weighted average of the rates on overnight federal funds transactions with
members of the Federal Reserve System arranged by federal funds brokers, as published on the next succeeding Business Day by the Federal Reserve Bank of New York, or, if such rate is not so published for any day that is a Business Day, the
average of the quotations for the day of such transactions received by the Administrative Agent from three federal funds brokers of recognized standing selected by it. 

  
 12 

 “Financing Obligations”: all obligations of the Borrower and its Subsidiaries of
the type described as “financing obligations” in the audited financial statements of the Borrower for the fiscal year ended December 31, 2014. 

“Fixed Charges”: with respect to any specified Person for any period, the sum, without duplication, of: 

(a) the consolidated interest expense of such Person and its Subsidiaries for such period, whether paid or accrued, including, without
limitation, amortization of debt issuance costs and original issue discount, non-cash interest payments (but excluding any non-cash interest expense attributable to the movement in the mark to market valuation
of Hedging Obligations), the interest component of any deferred payment obligations or Financing Obligations, the interest component of all payments associated with Capital Lease Obligations, imputed interest with respect to Attributable Debt,
commissions, discounts and other fees and charges incurred in respect of letter of credit or bankers’ acceptance financings, and net of the effect of all payments made or received pursuant to Hedging Obligations in respect of interest rates,
excluding (i) accretion or accrual of discounted liabilities not constituting Indebtedness, (ii) any expense resulting from the discounting of Indebtedness in connection with the application of purchase accounting in connection with an
acquisition, (iii), amortization of deferred financing fees, debt issuance costs, commissions, fees and expenses, (iv) any expensing of bridge, commitment and other financing fees, and (v) with respect to any incurrence of Indebtedness,
accretion or accrual of non-cash interest expense in respect of up to 2% of the original issue discount, if any, on such Indebtedness; plus 

(b) the consolidated interest expense of such Person and its Subsidiaries that was capitalized during such period; plus 

(c) any interest actually paid by the Borrower or any of its Subsidiaries on Indebtedness of another Person that is guaranteed by such Person
or one of its Subsidiaries or secured by a Lien on assets of such Person or one of its Subsidiaries; plus 
 (d) the product of
(a) all dividends, whether paid or accrued and whether or not in cash, on any series of Disqualified Stock of such Person or preferred stock of any of its Subsidiaries, other than dividends on such Disqualified Stock or preferred stock payable
solely in Equity Interests of the Borrower (other than Disqualified Stock) or to the Borrower or a Subsidiary of the Borrower, times (b) a fraction, the numerator of which is one and the denominator of which is one minus the then current
combined federal, state and local statutory tax rate of such Person, expressed as a decimal, in each case, determined on a consolidated basis in accordance with GAAP; minus 

(e) to the extent included in the consolidated interest expense of such Person and its Subsidiaries, non-cash interest expense in respect of
Financing Obligations. 
 “Flood Insurance Laws”: collectively, (a) the National Flood Insurance Act of 1968 as now or
hereafter in effect or any successor statute thereto, (b) the Flood Disaster Protection Act of 1973 as now or hereafter in effect or any successor statute thereto, (c) the National Flood Insurance Reform Act of 1994 as now or hereafter in
effect or any successor statute thereto, and (d) the Flood Insurance Reform Act of 2004 as now or hereafter in effect or any successor statute thereto, in each case, together with all statutory and regulatory provisions consolidating, amending,
replacing, supplementing, implementing or interpreting any of the foregoing. 
 “Foreign Subsidiary”: any Subsidiary of the
Borrower that is not a Domestic Subsidiary. 

  
 13 

 “Funding Office”: the office of the Administrative Agent specified in
Section 10.2 or such other office as may be specified from time to time by the Administrative Agent as its funding office by written notice to the Borrower and the Lenders. 

“GAAP”: generally accepted accounting principles 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 have been approved by a significant segment of the
accounting profession, which are in effect from time to time. 
 “General Debt Basket”: has the meaning specified in
Section 7.2(m). 
 “Governmental Authority”: any nation or government, any state or other political subdivision
thereof, any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative functions of or pertaining to government, any securities exchange
and any self-regulatory organization (including the National Association of Insurance Commissioners). 
 “Group Members”:
the collective reference to the Borrower and its Subsidiaries. 
 “Guarantee”: a guarantee other than by endorsement of
negotiable instruments for collection in the ordinary course of business, direct or indirect, in any manner including, without limitation, by way of a pledge of assets or through letters of credit or reimbursement agreements in respect thereof, of
all or any part of any Indebtedness (whether arising by virtue of partnership arrangements, or by agreements to keep-well, to purchase assets, goods, securities or services, to take or pay or to maintain financial statement conditions or otherwise).

 “Guarantee and Collateral Agreement”: the First Lien Guarantee and Collateral Agreement to be executed and delivered by
the Borrower and each Subsidiary Guarantor, substantially in the form of Exhibit C. 
 “Guarantee Obligation”:
as to any Person (the “guaranteeing person”), any obligation of (a) the guaranteeing person or (b) another Person (including any bank under any letter of credit) to induce the creation of which the guaranteeing person has
issued a reimbursement, counterindemnity or similar obligation, in either case guaranteeing or in effect guaranteeing any Indebtedness, leases, dividends or other obligations (the “primary obligations”) of any other third Person
(the “primary obligor”) in any manner, whether directly or indirectly, including any obligation of the guaranteeing person, whether or not contingent, (i) to purchase any such primary obligation or any property constituting
direct or indirect security therefor, (ii) to advance or supply funds (1) for the purchase or payment of any such primary obligation or (2) to maintain working capital or equity capital of the primary obligor or otherwise to maintain
the net worth or solvency of the primary obligor, (iii) to purchase property, securities or services primarily for the purpose of assuring the owner of any such primary obligation of the ability of the primary obligor to make payment of such
primary obligation or (iv) otherwise to assure or hold harmless the owner of any such primary obligation against loss in respect thereof; provided, however, that the term Guarantee Obligation shall not include endorsements of
instruments for deposit or collection in the ordinary course of business. The amount of any Guarantee Obligation of any guaranteeing person shall be deemed to be the lower of (a) an amount equal to the stated or determinable amount of the
primary obligation in respect of which such Guarantee Obligation is made and (b) the maximum amount for which such guaranteeing person may be liable pursuant to the terms of the instrument embodying such Guarantee Obligation, unless such
primary obligation and the maximum amount for which such guaranteeing person may be liable are not stated or determinable, in which case the amount of such Guarantee Obligation shall be such guaranteeing person’s maximum reasonably anticipated
liability in respect thereof as determined by the Borrower in good faith. 

  
 14 

 “Guarantor”: has the meaning specified in the Guarantee and Collateral
Agreement. 
 “Hedge Agreements”: 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; 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 the Borrower or the Subsidiaries shall be a Hedge Agreement. 
 “Hedging Obligations”: with respect to any
Person, the obligations of such Person under Hedge Agreements to which it is a party. 
 “Hickory Creek Lease Obligations”:
collectively, all Financing Obligations and Capital Lease Obligations of the Borrower and its Subsidiaries arising in connection with any amendments entered into in respect of the Lease Agreement dated as of December 7, 2000, originally between
Buttered (TX) LP, a Delaware limited partnership, as Landlord, and Rave Reviews Hickory Creek I, L.P., a Delaware limited partnership, as Tenant, that would cause the obligations of the Borrower or any Subsidiary pursuant to such Lease
Agreement to become Financing Obligations or Capital Lease Obligations. 
 “Immaterial Subsidiary”: as of any date, any
Subsidiary whose total assets, as of that date, are less than $100,000 and whose total revenues for the most recent 12-month period do not exceed $100,000; provided, that a Subsidiary will not be considered to be an Immaterial Subsidiary if
it, directly or indirectly, guarantees or otherwise provides credit support for any Indebtedness of the Borrower. 
 “Impacted
Interest Period”: has the meaning specified in the definition of “Eurodollar Base Rate.” 
 “Increased Amount
Date”: has the meaning specified in Section 3.15(a). 
 “Incremental Amount”: any time, the excess, if
any, of (a) $150,000,000 over (b) the aggregate amount of all Incremental Term Loans made prior to such time plus all Incremental Revolving Commitments established prior to such time pursuant to Section 3.15. 

“Incremental Assumption Agreement”: an Incremental Assumption Agreement in form and substance reasonably satisfactory to the
Administrative Agent, among the Borrower, the Administrative Agent and one or more Incremental Lenders. 
 “Incremental
Facilities”: has the meaning specified in Section 3.15(a)(ii). 
 “Incremental Lenders”: the
collective reference to Incremental Term Loan Lenders and Incremental Revolving Lenders. 
 “Incremental Revolving
Commitments”: has the meaning specified in Section 3.15(a)(ii). 
 “Incremental Revolving Lender”:
each Lender which holds an Incremental Revolving Commitment. 

  
 15 

 “Incremental Revolving Loans”: the revolving loans made by one or more Lenders
to the Borrower pursuant to Section 3.15(a)(ii). 
 “Incremental Term Loan Commitments”: as to any Incremental
Term Loan Lender, the obligation of such Lender, if any, to make an Incremental Term Loan to the Borrower hereunder in a principal amount not to exceed the amount set forth in the Incremental Assumption Agreement applicable to such Incremental Term
Loan Commitment and in any case not to exceed the Incremental Amount. 
 “Incremental Term Loan Facilities”: has the
meaning specified in Section 3.15(a)(i). 
 “Incremental Term Loan Lender”: each Lender which holds an
Incremental Term Loan. 
 “Incremental Term Loans”: the term loans made by one or more Lenders to the Borrower pursuant to
Section 3.15(a)(i). 
 “Indebtedness”: with respect to any specified Person, any indebtedness of such Person
(excluding accrued expenses and trade payables), whether or not contingent: 
 (a) in respect of borrowed money; 

(b) evidenced by bonds, notes, debentures or similar instruments or letters of credit (or reimbursement agreements in respect thereof); 

(c) in respect of banker’s acceptances; 

(d) representing Capital Lease Obligations or Attributable Debt in respect of Sale/Leaseback Transactions; 

(e) representing the balance deferred and unpaid of the purchase price of any property or services due more than one year after such property
is acquired or such services are completed, except (a) any such balance that constitutes an accrued expense or trade payable, or similar obligations to trade creditors, incurred in the ordinary course of business and (b) obligations under
earnout provisions in connection with the acquisition of assets or Capital Stock of another Person; 
 (f) representing any Financing
Obligations; or 
 (g) representing any Hedging Obligations or Bank Product Obligations, 

if and to the extent any of the preceding items (other than letters of credit, Attributable Debt and Hedging Obligations) would appear as a liability upon a
balance sheet of the specified Person prepared in accordance with GAAP. In addition, the term “Indebtedness” includes all Indebtedness of others secured by a Lien on any asset of the specified Person (whether or not such Indebtedness is
assumed by the specified Person) and, to the extent not otherwise included, the Guarantee by the specified Person of any Indebtedness of any other Person. Indebtedness shall be calculated without giving effect to the effects of Statement of
Financial Accounting Standards No. 133 and related interpretations to the extent such effects would otherwise increase or decrease an amount of Indebtedness for any purpose under this Agreement as a result of accounting for any embedded
derivatives created by the terms of such Indebtedness. 
 “Insolvency”: with respect to any Multiemployer Plan, the
condition that such plan is insolvent within the meaning of Section 4245 of ERISA. 

  
 16 

 “Insolvent”: pertaining to a condition of Insolvency. 

“Intellectual Property”: the collective reference to all rights, priorities and privileges relating to intellectual property,
whether arising under United States, multinational or foreign laws or otherwise, including, without limitation, copyrights, copyright licenses, patents, patent licenses, trademarks, trademark licenses, trade secrets, trade secret licenses,
technology, know-how and processes, and all rights to sue at law or in equity for any infringement or other impairment thereof, including the right to receive all proceeds and damages therefrom. 

“Interest Payment Date”: (a) as to any Base Rate Loan, the last Business Day of each March, June, September and December
to occur while such Loan is outstanding and the final maturity date of such Loan, (b) as to any Eurodollar Loan having an Interest Period of three months or less, the last day of such Interest Period, (c) as to any Eurodollar Loan having
an Interest Period longer than three months, each day that is three months, or a whole multiple thereof, after the first day of such Interest Period and the last day of such Interest Period and (d) as to any Loan (other than any Revolving Loan
that is a Base Rate Loan, unless the repayment or prepayment of such Loan is made on the Revolving Termination Date or in connection with the termination of all Revolving Commitments hereunder), the date of any repayment or prepayment made in
respect thereof. 
 “Interest Period”: as to any Eurodollar Loan, (a) initially, the period commencing on the
borrowing or conversion date, as the case may be, with respect to such Eurodollar Loan and ending one, two, three or six months thereafter, as selected by the Borrower in its notice of borrowing or notice of conversion, as the case may be, given
with respect thereto; and (b) thereafter, each period commencing on the last day of the next preceding Interest Period applicable to such Eurodollar Loan and ending one, two, three or six months thereafter, as selected by the Borrower by
irrevocable notice to the Administrative Agent not later than 11:00 A.M., New York City time, on the date that is three Business Days prior to the last day of the then current Interest Period with respect thereto; provided
that, all of the foregoing provisions relating to Interest Periods are subject to the following: 
 (i) if any Interest
Period would otherwise end on a day that is not a Business Day, such Interest Period shall be extended to the next succeeding Business Day unless the result of such extension would be to carry such Interest Period into another calendar month in
which event such Interest Period shall end on the immediately preceding Business Day; 
 (ii) the Borrower may not select an
Interest Period under the Revolving Facility that would extend beyond the Revolving Termination Date; 
 (iii) 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) shall end on the last Business Day of a calendar month; and

 (iv) the Borrower shall select Interest Periods so as not to require a payment or prepayment of any Eurodollar Loan during
an Interest Period for such Loan. 
 “Interpolated Rate”: with respect to any Interest Period, the rate per annum
(rounded to the same number of decimal places as the LIBO Screen Rate) determined by the Administrative Agent (which determination shall be conclusive and binding absent manifest error) to be equal to the rate that results from interpolating on a
linear basis between: (a) the LIBO Screen Rate for the longest period for which the LIBO Screen Rate is available) that is shorter than the Impacted Interest Period; and (b) the LIBO Screen Rate for the shortest period (for which that LIBO
Screen Rate is available) that exceeds the Impacted Interest Period, in each case, at such time. 

  
 17 

 “Investments”: with respect to any Person, all direct or indirect investments by
such Person in other Persons (including Affiliates) in the forms of loans (including Guarantees or other obligations), advances, extensions of credit (by way of guaranty or otherwise) or capital contributions (excluding commission, travel and
similar advances to officers and employees made in the ordinary course of business), purchases or other acquisitions for consideration of Indebtedness, Equity Interests, other securities, or any assets constituting a business unit of any other
Persons, or any other investment in any other Persons, together with all items that are or would be classified as investments on a balance sheet prepared in accordance with GAAP. If the Borrower or any of its Subsidiaries sells or otherwise disposes
of any Equity Interests of any Subsidiary of the Borrower such that, after giving effect to any such sale or disposition, such Person is no longer a Subsidiary of the Borrower, the Borrower will be deemed to have made an Investment on the date of
any such sale or disposition equal to the Fair Market Value of the Borrower’s Investments in such Subsidiary that were not sold or disposed of in an amount determined by the Board of Directors of the Borrower, whose resolution with respect
thereto will be delivered to the Administrative Agent. The acquisition by the Borrower or any of its Subsidiaries of a Person that holds an Investment in a third Person will be deemed to be an Investment by the Borrower or such Subsidiary of the
Borrower in such third Person in an amount equal to the Fair Market Value of the Investments held by the acquired Person in such third Person in an amount determined by the Board of Directors of the Borrower, whose resolution with respect thereto
will be delivered to the Administrative Agent. Except as otherwise provided in this Agreement, the amount of an Investment will be determined at the time the Investment is made and without giving effect to subsequent changes in value. 

“Issuing Lender”: JPMorgan Chase Bank, National Association or any affiliate thereof in its capacity as issuer of any Letter
of Credit, or any other Lender so designated by the Borrower and agreed by such Lender and the Administrative Agent. 
 “Joint Lead
Arrangers”: J.P. Morgan Securities LLC, Macquarie Capital (USA) Inc. and RBC Capital Markets1. 

“Junior Debt”: the Senior Secured Notes and any Indebtedness that is (x) secured by a Lien that is junior in priority to
the Lien securing the Obligations, (y) by its terms subordinated in right of payment to all or any portion of the Obligations or (z) unsecured. 

“L/C Commitment”: $10,000,000. 

“L/C Fee Payment Date”: the last Business Day of each March, June, September and December and the last day of the Revolving
Commitment Period. 
 “L/C Obligations”: at any time, an amount equal to the sum of (a) the aggregate then undrawn and
unexpired amount of the then outstanding Letters of Credit, (b) the face amount of any Letter of Credit for which an Application has been submitted and is pending but that has not yet been issued, and (c) the aggregate amount of drawings
under Letters of Credit that have not then been reimbursed pursuant to Section 2.9. 
 “L/C Participants”: the
collective reference to all the Revolving Lenders other than the Issuing Lender. 
  

	1 	RBC Capital Markets is a brand name for the capital markets business of Royal Bank of Canada and its affiliates. 

  
 18 

 “Lenders”: as defined in the preamble hereto. 

“Letters of Credit”: as defined in Section 2.5(a). 

“LIBO Screen Rate”: has the meaning specified in the definition of “Eurodollar Base Rate.” 

“Lien”: with respect to any asset, any mortgage, lien, pledge, charge, security interest or encumbrance of any kind in
respect of such asset, whether or not filed, recorded or otherwise perfected under applicable law, including any conditional sale or other title retention agreement, any lease in the nature thereof, any option or other agreement to sell or give a
security interest in and any filing of or agreement to give any financing statement under the Uniform Commercial Code (or equivalent statutes) of any jurisdiction. 

“Loan”: any loan made by any Lender pursuant to this Agreement. 

“Loan Documents”: this Agreement, all Letters of Credit and Applications therefor, the Security Documents, the Notes and
environmental indemnities related to the Mortgaged Properties and any amendment, waiver, supplement or other modification to any of the foregoing. 

“Loan Parties”: each Group Member that is a party to a Loan Document. 

“Majority Facility Lenders”: (a) with respect to any Incremental Term Loan Facility, the holders of more than 50% of the
aggregate unpaid principal amount of the Incremental Term Loans and (b) with respect to the Revolving Facility, the Majority Revolving Lenders. 

“Majority Revolving Lenders”: the holders of more than 50% of the aggregate unpaid principal amount of the Total Revolving
Extensions of Credit under the Revolving Facility (or, prior to the termination of the Revolving Commitments, the holders of more than 50% of the Total Revolving Commitments). 

“Material Adverse Effect”: a material adverse effect on (a) the business, assets, property, financial condition or
operations of the Borrower and its Subsidiaries taken as a whole or (b) the validity or enforceability of this Agreement or any of the other Loan Documents or the rights or remedies of the Agents or the Lenders hereunder or thereunder. 

“Material Group Member”: the Borrower and each Subsidiary that, during the period of the most recent four full fiscal
quarters of the Borrower for which financial statements are available, had (i) gross revenues representing more than one percent (1%) of the total consolidated gross revenues of the Borrower and its Subsidiaries for such period or
(ii) total assets as of the last day of such period exceeding one percent (1%) of the total consolidated assets of the Borrower and its Subsidiaries at such time. 

“Materials of Environmental Concern”: any substances, materials or wastes that are defined, listed or regulated as hazardous,
toxic, a pollutant or a contaminant (or terms of similar intent or meaning) pursuant to any Environmental Law or that could give rise to liability under any Environmental Law, including petroleum (including gasoline, crude oil or any fraction
thereof) or petroleum products, asbestos, toxic molds, polychlorinated biphenyls and urea-formaldehyde insulation. 

“Moody’s”: Moody’s Investors Service, Inc., or any successor or assignee of the business of such company in the
business of rating securities. 

  
 19 

 “Mortgage Amendments”: has the meaning specified in Section 3.15(e).

 “Mortgaged Properties”: the real properties listed on Schedule 1.1B, and any property which becomes subject
to a Mortgage in accordance with Section 6.10(b), as to which the Collateral Trustee for the benefit of the Priority Lien Secured Parties (as defined in the Collateral Trust Agreement) shall be granted a Lien pursuant to the Mortgages,
subject to the Collateral Trust Agreement. Notwithstanding anything to the contrary contained herein, the Snellville Property shall not constitute a Mortgaged Property (a) on or prior to September 1, 2015 and (b) thereafter to the
extent it has been sold pursuant to a sale and leaseback transaction permitted under Section 7.10(a). 

“Mortgages”: each of the mortgages, deeds of trust and deeds to secure debt made by any Loan Party in favor of, or for the
benefit of, the Collateral Trustee for the benefit of the Priority Lien Secured Parties (as defined in the Collateral Trust Agreement), subject to the Collateral Trust Agreement, substantially in the form of Exhibit D (with such changes
thereto as shall be advisable under the law of the jurisdiction in which such mortgage, deed of trust or deed to secure debt is to be recorded). 

“Multiemployer Plan”: a multiemployer plan as defined in Section 4001(a)(3) of ERISA. 

“Muvico Lease Obligations”: collectively, all Financing Obligations and Capital Lease Obligations of the Borrower and its
Subsidiaries arising upon or after the assignment by Muvico Entertainment, L.L.C. (“Muvico”) to the Borrower or any of its Subsidiaries of Muvico’s rights and interests in respect of its leases of the following theatre
properties: (1) Starlight 20 theatre located at 18002 Highwood Preserve Parkway, Tampa, Florida 33647; (2) Broward 18 theatre located at 2315 North Federal Highway, Pompano Beach, Florida 33062; and (3) Palm Harbor 10 theatre located
at 37912 U.S. Highway 19N, Palm Harbor, Florida 34684. 
 “Net Proceeds”: the aggregate cash proceeds and Cash Equivalents
received by the Borrower or any Subsidiary in respect of any Asset Sale (including, without limitation, any cash or Cash Equivalents received upon the sale or other disposition of any non-cash consideration
received in any Asset Sale), net of the direct costs relating to such Asset Sale, including, without limitation, legal, accounting and investment banking fees, and sales commissions, any relocation expenses incurred as a result of the Asset Sale,
taxes paid or payable as a result of the Asset Sale, in each case, after taking into account any available tax credits or deductions and any tax sharing arrangements, amounts required to be applied to the repayment of Indebtedness, other than
Indebtedness under a Credit Facility, secured by a Lien on the asset or assets that were the subject of such Asset Sale and any reserve for adjustment or indemnification obligations in respect of the sale price of such asset or assets established in
accordance with GAAP, and any portion of the purchase price from an Asset Sale required to be placed in escrow for adjustment of the purchase price, satisfaction of indemnities or similar contractual obligations in connection with such Asset Sale.

 “Non-Consenting Lender”: any Lender that does not approve any proposed amendment, waiver or modification that
(i) requires the consent of all Lenders (or all Lenders under a single Facility) and (ii) has been approved by the Required Lenders (or Majority Facility Lenders, as the case may be), but has not been approved by the other Lenders whose
consent is required. 
 “Non-Excluded Taxes”: as defined in Section 3.9(a). 

“Non-Extending Lender”: as defined in Section 2.13(b). 

“Non-Guarantor Subsidiary”: any Subsidiary of the Borrower that is not a Subsidiary Guarantor. 

  
 20 

 “Non-U.S. Lender”: as defined in Section 3.9(g). 

“Notes”: the collective reference to any promissory note evidencing Loans. 

“Obligations”: the unpaid principal of and interest on (including interest accruing after the maturity of the Loans and
Reimbursement Obligations and interest accruing after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like proceeding, relating to the Borrower, whether or not a claim for post-filing or
post-petition interest is allowed in such proceeding) the Loans and all other obligations and liabilities of the Borrower to any Agent or to any Lender (or, in the case of Specified Hedge Agreements and Specified Cash Management Agreements, any
Qualified Counterparty), whether direct or indirect, absolute or contingent, due or to become due, or now existing or hereafter incurred, which may arise under, out of, or in connection with, this Agreement, any other Loan Document, the Letters of
Credit, any Specified Hedge Agreement, any Specified Cash Management Agreement or any other document made, delivered or given in connection herewith or therewith, whether on account of principal, interest, reimbursement obligations, fees,
indemnities, costs, expenses (including all fees, charges and disbursements of counsel to any Agent or to any other Secured Party that are required to be paid by the Borrower pursuant hereto) or otherwise. Notwithstanding the foregoing, Obligations
of any Guarantor shall in no event include any Excluded Hedging Obligations of such Guarantor. 
 “Other Taxes”: any and
all present or future stamp or documentary taxes or any other excise or property taxes, charges or similar levies arising from any payment made hereunder or under any other Loan Document or from the execution, delivery or enforcement of, or
otherwise with respect to, this Agreement or any other Loan Document. 
 “Participant”: as defined in
Section 10.6(c). 
 “Participant Register”: as defined in Section 10.6(e). 

“PBGC”: the Pension Benefit Guaranty Corporation established pursuant to Subtitle A of Title IV of ERISA (or any successor).

 “Permitted Business”: any business that is the same as, or reasonably related, ancillary or complementary to, the
business in which the Borrower and the Subsidiary Guarantors are engaged on the date of this Agreement. 
 “Permitted
Investment”: means: 
 (a) any Investment in the Borrower or in a Subsidiary Guarantor; 

(b) any Investment in Cash Equivalents; 

(c) any Investment by the Borrower or any Subsidiary Guarantor in a Person, if as a result of such Investment: 

(i) such Person becomes a Subsidiary Guarantor; or 

(ii) such Person is merged, consolidated or amalgamated with or into, or transfers or conveys substantially all of its assets
to, or is liquidated into, the Borrower or a Subsidiary Guarantor; 

  
 21 

 (d) [Reserved] 

(e) any acquisition of assets or Capital Stock solely in exchange for the issuance of Equity Interests (other than Disqualified Stock) of the
Borrower; 
 (f) any Investments received in compromise or resolution of (i) obligations of trade creditors or customers that were
incurred in the ordinary course of business of the Borrower or any Subsidiary Guarantor, including pursuant to any plan of reorganization or similar arrangement upon the bankruptcy or insolvency of any trade creditor or customer; or
(ii) litigation, arbitration or other disputes; 
 (g) Investments represented by Hedging Obligations; 

(h) loans or advances to employees made in the ordinary course of business of the Borrower or any Subsidiary Guarantor in an aggregate
principal amount not to exceed $1,000,000 at any one time outstanding; 
 (i) any guarantee of Indebtedness permitted to be incurred by
Section 7.2; 
 (j) any Investment existing on, or made pursuant to binding commitments existing on, the date of this Agreement
and any Investment consisting of an extension, modification or renewal of any Investment existing on, or made pursuant to a binding commitment existing on, the date hereof; provided that the amount of any such Investment may be increased
(a) as required by the terms of such Investment as in existence on the date hereof or (b) as otherwise permitted under this Agreement; 

(k) Investments acquired after the date hereof as a result of the acquisition by the Borrower or any Subsidiary Guarantor of another Person,
including by way of a merger, amalgamation or consolidation with or into the Borrower or any Subsidiary Guarantor in a transaction that is not prohibited by Section 7.4 after the date hereof to the extent that such Investments were not
made in contemplation of such acquisition, merger, amalgamation or consolidation and were in existence on the date of such acquisition, merger, amalgamation or consolidation; 

(l) advances or extensions of credit on terms customary in the movie exhibition industry in the form of accounts or other receivables
incurred, or pre-paid film rentals, and loans and advances made in settlement of such accounts receivable, in the ordinary course of business; 

(m) advances, loans or extensions of credit to suppliers and vendors in the ordinary course of business; 

(n) Investments in one or more joint ventures engaged in a Permitted Business having an aggregate Fair Market Value (measured on the date each
such Investment was made and without giving effect to subsequent changes in value), when taken together with all other Investments made pursuant to this clause (n) that are at the time outstanding, not to exceed the amount by which the
aggregate Net Proceeds of any sales, transfers or other dispositions of the Screenvision Units exceeds the carrying value of the Screenvision Units as reflected on the Borrower’s balance sheet as of December 31, 2014; and 

(o) other Investments in any Person having an aggregate Fair Market Value (measured on the date each such Investment was made and without
giving effect to subsequent changes in value), when taken together with all other Investments made pursuant to this clause (o) that are at the time outstanding, not to exceed $10,000,000. 

  
 22 

 “Permitted Refinancing Indebtedness”: any Indebtedness of the Borrower or any
Subsidiary issued in exchange for, or the net proceeds of which are used to renew, refund, refinance, replace, defease or discharge other Indebtedness of the Borrower or such Subsidiary (other than intercompany Indebtedness); provided that:

 (a) 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 renewed, refunded, refinanced, replaced, defeased or discharged (plus all accrued but unpaid interest on the Indebtedness being renewed, refunded, refinanced, replaced, defeased or
discharged and the amount of all fees and expenses, including premiums, incurred in connection therewith); 
 (b) such Permitted Refinancing
Indebtedness has a final maturity date later than (a) the final maturity date of the Indebtedness being renewed, refunded, refinanced, replaced, defeased or discharged or (b) 90 days after the final maturity date of this Agreement as in
effect on the date of such renewal, refunding, refinancing, replacement, defeasance or discharge; 
 (c) the portion, if any, of such
Permitted Refinancing Indebtedness that is scheduled to mature on or prior to the date 90 days after the final maturity date of this Agreement has a Weighted Average Life to Maturity at the time such Permitted Refinancing Indebtedness is incurred
that is no shorter than the Weighted Average Life to Maturity of the portion of the Indebtedness being renewed, refunded, refinanced, replaced, defeased or discharged that is scheduled to mature on or prior to the date 90 days after the final
maturity date of this Agreement; 
 (d) if the Indebtedness being renewed, refunded, refinanced, replaced, defeased or discharged is
subordinated in right of payment to this Agreement, such Permitted Refinancing Indebtedness is subordinated in right of payment to the Loans hereunder on terms at least as favorable to the Lenders as those contained in the documentation governing
the Indebtedness being renewed, refunded, refinanced, replaced, defeased or discharged; 
 (e) such Indebtedness is incurred either by the
Borrower or by the Subsidiary that was the obligor on the Indebtedness being renewed, refunded, refinanced, replaced, defeased or discharged and is guaranteed only by Persons who were obligors on the Indebtedness being renewed, refunded, refinanced,
replaced, defeased or discharged; and 
 (f) if the Indebtedness being renewed, refunded, refinanced, replaced, defeased or discharged
(i) is unsecured, then such renewal, refunding, refinancing, replacement, defeasance or discharge is unsecured, (ii) is secured, then such renewal, refunding, refinancing, replacement, defeasance or discharge (x) is secured by no more
collateral than the Indebtedness being renewed, refunded, refinanced, replaced, defeased or discharged was or was permitted to be secured by and (y) is not secured by a Lien that is more senior in priority than the Lien securing the
Indebtedness being renewed, refunded, refinanced, replaced, defeased or discharged and (iii) is subject to the Collateral Trust Agreement, then a representative validly acting on behalf of the holders of such Permitted Refinancing Indebtedness
shall become a party to the Collateral Trust Agreement as a Parity Lien Debt Representative (as defined in the Collateral Trust Agreement). 

“Person”: an individual, partnership, corporation, limited liability company, business trust, joint stock company, trust,
unincorporated association, joint venture, Governmental Authority or other entity of whatever nature. 
 “Plan”: at a
particular time, any employee benefit plan (other than a Multiemployer Plan) that is subject to Title IV of ERISA or Section 412 of the Code or Section 302 of ERISA and in respect of which the Borrower or any Commonly Controlled Entity 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. 

  
 23 

 “PPA”: the Pension Protection Act of 2006. 

“Pro Forma Basis”: in the event that the specified Person or any of its Subsidiaries incurs, assumes, guarantees, repays,
repurchases, redeems, defeases or otherwise discharges any Indebtedness (other than ordinary working capital borrowings) or issues, repurchases or redeems preferred stock subsequent to the commencement of the relevant Calculation Date, then the
Consolidated First Lien Leverage Ratio or the Consolidated Total Leverage Ratio, as applicable, will be calculated giving pro forma effect (in accordance with Regulation S-X under the Securities Act) to such incurrence, assumption, Guarantee,
repayment, repurchase, redemption, defeasance or other discharge of Indebtedness, or such issuance, repurchase or redemption of preferred stock, and the use of the proceeds therefrom, as if the same had occurred at the beginning of the applicable
four-quarter reference period. 
 In addition, for purposes of calculating the Consolidated First Lien Leverage Ratio and the Consolidated
Total Leverage Ratio: 
 (a) acquisitions that have been made by the specified Person or any of its Subsidiaries, including through mergers
or consolidations, or any Person or any of its Subsidiaries acquired by the specified Person or any of its Subsidiaries, and including all related financing transactions and including increases in ownership of Subsidiaries, during the four-quarter
reference period or subsequent to such reference period and on or prior to the Calculation Date, or that are to be made on the Calculation Date, will be given pro forma effect as if they had occurred on the first day of the four-quarter reference
period; 
 (b) the Consolidated EBITDA attributable to discontinued operations, as determined in accordance with GAAP, and operations or
businesses (and ownership interests therein) disposed of prior to the Calculation Date, will be excluded; 
 (c) the Fixed Charges
attributable to discontinued operations, as determined in accordance with GAAP, and operations or businesses (and ownership interests therein) disposed of prior to the Calculation Date, will be excluded, but only to the extent that the obligations
giving rise to such Fixed Charges will not be obligations of the specified Person or any of its Subsidiaries following the Calculation Date; 

(d) Consolidated EBITDA shall include the effects of incremental contributions the Borrower reasonably believes in good faith could have been
achieved during the relevant period as a result of a Theatre Completion had such Theatre Completion occurred as of the beginning of the relevant period; provided, however, that such incremental contributions were identified and
quantified in good faith in an officers’ certificate delivered to the Administrative Agent at the time of any calculation of the Consolidated First Lien Leverage Ratio and the Consolidated Total Leverage Ratio; 

(e) Consolidated EBITDA shall be calculated on a Pro Forma Basis after giving effect to any motion picture theatre or screen that was
permanently or indefinitely closed for business, at any time on or subsequent to the first day of such period as if such theatre or screen was closed for the entire period; 

(f) all preopening expense and theatre closure expense which reduced Consolidated Net Income during any applicable period shall be added to
Consolidated EBITDA (without duplication of any addition thereto included in the definition thereof); 

  
 24 

 (g) any Person that is a Subsidiary of the Borrower on the Calculation Date will be deemed to
have been a Subsidiary of the Borrower at all times during such four-quarter period; 
 (h) any Person that is not a Subsidiary of the
Borrower on the Calculation Date will be deemed not to have been a Subsidiary of the Borrower at any time during such four-quarter period; 

(i) if any Indebtedness bears a floating rate of interest, the interest expense on such Indebtedness will be calculated as if the rate in
effect on the Calculation Date had been the applicable rate for the entire period (taking into account any Hedging Obligation applicable to such Indebtedness if such Hedging Obligation has a remaining term as at the Calculation Date in excess of
12 months); and 
 (j) all pro forma calculations will be made in accordance with Regulation S-X under the Securities Act, except that
such calculations may include Pro Forma Cost Savings. 
 “Pro Forma Cost Savings”: with respect to any four-quarter period,
the reduction in net costs and expenses that: 
 (a) were directly attributable to an acquisition, Investment, disposition, merger,
consolidation or discontinued operation or other specified action that occurred during the four-quarter period or after the end of the four-quarter period and on or prior to the Calculation Date and that would properly be reflected in a pro forma
income statement prepared in accordance with Regulation S-X under the Securities Act; 
 (b)
(i) were actually implemented prior to the Calculation Date in connection with or as a result of an acquisition, Investment, disposition, merger, consolidation or discontinued operation or other specified action, (ii) that are supportable and
quantifiable by the underlying accounting records and (iii) (x) were actually realized during such four-quarter period or (y) would properly be reflected in a pro forma income statement prepared in accordance with Regulation S-X under
the Securities Act; or 
 (c) relate to an acquisition, Investment, disposition, merger, consolidation or discontinued operation or other
specified action that occurred during such four-quarter period and that the Borrower reasonably determines will actually be realized within six months of the date of the closing of the acquisition, Investment, disposition, merger, consolidation or
discontinued operation or specified action; provided that the aggregate amount of Pro Forma Cost Savings pursuant to this clause (c) shall not exceed 5.0% of Consolidated EBITDA of the Borrower and its Subsidiaries for any applicable
four-quarter period (calculated prior to giving effect to any Pro Forma Cost Savings). 
 “Prohibited Transaction”: as
defined in Section 406 of ERISA and Section 4975 of the Code. 
 “Projections”: as defined in
Section 6.2(c). 
 “Properties”: as defined in Section 4.17(a). 

“Property”: any right or interest in or to property of any kind whatsoever, whether real, personal or mixed and whether
tangible or intangible, including, without limitation, Capital Stock. 
 “Qualified Counterparty”: with respect to any
Specified Hedge Agreement or Specified Cash Management Agreement, any counterparty thereto that, at the time such Specified Hedge Agreement or Specified Cash Management Agreement was entered into, was a Lender, an Affiliate of a Lender, an Agent or
an Affiliate of an Agent; provided that, in the event a counterparty to a Specified 

  
 25 

 
Hedge Agreement or Specified Cash Management Agreement at the time such Specified Hedge Agreement or Specified Cash Management Agreement was entered into was a Qualified Counterparty, such
counterparty shall constitute a Qualified Counterparty hereunder and under the other Loan Documents. 
 “Qualifying Equity
Interests”: Equity Interests of the Borrower other than Disqualified Stock. 
 “Rave Companies”: Rave Review
Holdings, LLC, a Delaware limited liability company, and its wholly owned Subsidiaries acquired by the Borrower pursuant to the Rave Purchase Agreement. 

“Rave Financing Obligations”: all Financing Obligations of the Rave Companies outstanding as of the date that the Borrower
acquired the Rave Companies pursuant to the Rave Purchase Agreement. 
 “Rave Lease Obligations”: all Rave Financing
Obligations and any Capital Lease Obligations of the Rave Companies outstanding as of the date that the Borrower acquired the Rave Companies pursuant to the Rave Purchase Agreement. 

“Rave Purchase Agreement”: the Membership Interest Purchase Agreement dated as of September 28, 2012, among the
Borrower, Rave Reviews Cinemas, L.L.C., and Rave Review Holdings, LLC. 
 “Reference Date”: as defined in the term
“Restricted Payment Amount”. 
 “Register”: as defined in Section 10.6(b). 

“Regulation U”: Regulation U of the Board as in effect from time to time. 

“Reimbursement Obligation”: the obligation of the Borrower to reimburse the Issuing Lender pursuant to
Section 2.9 for amounts drawn under Letters of Credit. 
 “Reorganization”: with respect to any Multiemployer
Plan, the condition that such plan is in reorganization within the meaning of Section 4241 of ERISA. 
 “Reportable
Event”: with respect to a Plan, any of the events set forth in Section 4043 of ERISA, other than those events as to which the thirty day notice period is waived under subsections .27, .28, .29, .30, .31, .32, .34 or .35 of PBGC
Reg. § 4043. 
 “Required Lenders”: at any time, the holders of more than 50% of the sum of
(a) (x) the Commitments then in effect or (y) if the Revolving Commitments have been terminated, the Total Revolving Extensions of Credit and (b) the Incremental Term Loans then outstanding; provided that, if any one
Lender holds more than 50% of the sum of (a) and (b) above, then Required Lenders shall include at least one additional Lender. 

“Requirement of Law”: as to any Person, the Certificate of Incorporation and By-Laws
or other organizational or governing documents of such Person, and any law, treaty, rule or regulation or determination of an arbitrator or a court or other Governmental Authority, in each case applicable to or binding upon such Person or any of its
property or to which such Person or any of its property is subject. 

  
 26 

 “Responsible Officer”: the chief executive officer, president, chief financial
officer or controller of the Borrower, but in any event, with respect to financial matters, the chief financial officer or controller of the Borrower. 

“Restricted Payment Amount”: at any time of determination (the “Reference Date”), an amount equal to the sum
of, without duplication: 
 (i) Consolidated EBITDA of the Borrower minus (ii) 1.7 times Fixed Charges of the
Borrower, for the period (taken as one accounting period) from January 1, 2012 to the end of the Borrower’s most recently ended fiscal quarter for which internal financial statements are available at the time of such Restricted Payment;
plus 
 (ii) 100% of the aggregate net cash proceeds and the Fair Market Value of assets other than cash received by
the Borrower since the date of this Agreement as a contribution to its common equity capital or from the issue or sale of Qualifying Equity Interests of the Borrower or from the issue or sale of convertible or exchangeable Disqualified Stock of the
Borrower or convertible or exchangeable debt securities of the Borrower, in each case that have been converted into or exchanged for Qualifying Equity Interests of the Borrower (other than Qualifying Equity Interests and convertible or exchangeable
Disqualified Stock or debt securities sold to a Subsidiary of the Borrower); plus 
 (iii) to the extent that any
Investment permitted under Section 7.7 made after the date hereof is (i) sold for cash or otherwise cancelled, liquidated or repaid for cash, or (ii) made in an entity that subsequently becomes a Subsidiary of the Borrower, the
initial amount of such Investment (or, if less, the amount of cash received upon repayment or sale); plus 
 (iv) 100%
of any dividends received in cash by the Borrower or any of its Subsidiaries that are Guarantors after the date of this Agreement, to the extent that such dividends were not otherwise included in the Consolidated Net Income of the Borrower for such
period. 
 “Restricted Payments”: any of the following: 

(a) the declaration or payment of any dividend or the making of any other payment or distribution on account of the Borrower’s or any of
its Subsidiaries’ Equity Interests (including, without limitation, any payment in connection with any merger or consolidation involving the Borrower or any of its Subsidiaries) or to the direct or indirect holders of the Borrower’s or any
of its Subsidiaries’ Equity Interests in their capacity as such (other than dividends or distributions payable in Equity Interests (other than Disqualified Stock) of the Borrower and other than dividends or distributions payable to the Borrower
or any of its Subsidiaries); 
 (b) purchasing, redeeming or otherwise acquiring or retiring for value (including, without limitation, in
connection with any merger or consolidation involving the Borrower) any Equity Interests of the Borrower or any direct or indirect parent of the Borrower; 

(c) making any payment on or with respect to, or purchasing, redeeming, defeasing or otherwise acquiring or retiring for value, the Senior
Secured Notes or any Indebtedness of the Borrower or any of its Subsidiaries that is secured by a Lien that is junior in priority to the Lien securing the Obligations, contractually subordinated to the Obligations, the Senior Secured Notes or to any

  
 27 

 
Guarantee given in respect of the Senior Secured Notes, or is unsecured (excluding any intercompany Indebtedness between or among the Borrower and any of its Subsidiaries), other than (i) a
payment of interest or principal at the Stated Maturity thereof or (ii) the purchase, redemption or other acquisition of any such subordinated Indebtedness in anticipation of satisfying a scheduled maturity, sinking fund or amortization or
other installment obligation, in each case due within one year of the purchase, redemption or other acquisition; or 
 (d) making any
Investment not permitted under Section 7.7; 
 “Revolving Commitment”: as to any Lender, the obligation of such
Lender, if any, to make Revolving Loans and participate in Letters of Credit in an aggregate principal and/or face amount not to exceed the amount set forth under the heading “Revolving Commitment” under such Lender’s name on
Schedule 1.1A or in the Assignment and Assumption pursuant to which such Lender became a party hereto, as the same may be changed from time to time pursuant to the terms hereof. 

“Revolving Commitment Period”: the period from and including the day after the Closing Date to the Revolving Termination
Date. 
 “Revolving Extensions of Credit”: as to any Revolving Lender at any time, an amount equal to the sum of
(a) the aggregate principal amount of all Revolving Loans held by such Lender then outstanding and (b) such Lender’s Revolving Percentage of the L/C Obligations at such time. 

“Revolving Facility”: the Revolving Commitments and the extensions of credit made thereunder. 

“Revolving Lender”: each Lender that has a Revolving Commitment or that holds Revolving Loans (including Incremental
Revolving Commitments and Incremental Revolving Loans) or other Revolving Extensions of Credit. 
 “Revolving Loans”: as
defined in Section 2.1(a). 
 “Revolving Percentage”: as to any Revolving Lender at any time, the percentage
which such Lender’s Revolving Commitment then constitutes of the Total Revolving Commitments (or, at any time after the Revolving Commitments shall have expired or terminated, the percentage which the aggregate principal amount of such
Lender’s Revolving Extensions of Credit then outstanding constitutes of the aggregate amount of the Revolving Extensions of Credit of all Revolving Lenders then outstanding). 

“Revolving Termination Date”: the earlier of (x) June 17, 2020, subject (as to any Revolving Lender) to any
extension thereof pursuant to Section 2.13 and (y) the termination of the Revolving Commitments in accordance with the terms hereof. 

“S&P”: Standard & Poor’s Ratings Services, a Standard & Poor’s Financial Services LLC
business or any successor or assignee thereof. 
 “Sale/Leaseback Transaction”: an arrangement relating to theater
properties whether now owned or hereafter acquired whereby the Borrower or any of its Subsidiaries transfers such theater property to a Person (other than the Borrower or any of its Subsidiaries) and the Borrower or any of its Subsidiaries leases
such theater property from such Person. 

  
 28 

 “Sanctions”: all economic or financial sanctions or trade embargoes imposed,
administered or enforced from time to time by the U.S. government, including those administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury or the U.S. Department of State. 

“Sanctioned Country”: at any time, a country, region or territory which is itself the subject or target of any Sanctions (at
the time of this Agreement, Crimea, Cuba, Iran, North Korea, Sudan and Syria). 
 “Sanctioned Person”: at any time,
(a) any Person listed in any Sanctions-related list of designated Persons maintained by the Office of Foreign Assets Control of the U.S. Department of the Treasury, the U.S. Department of State, (b) any Person operating, organized or
resident in a Sanctioned Country or (c) any Person owned or controlled by any such Person or Persons described in the foregoing clauses (a) or (b). 

“Screenvision Units”: the Class A and Class C membership units of SV Holdco, LLC owned by the Borrower as of
June 17, 2015, and any additional units issued to the Borrower for no additional consideration, and any other Equity Interests into which such membership units are converted or exchanged. 

“SEC”: the Securities and Exchange Commission, any successor thereto and any analogous Governmental Authority. 

“Secured Parties”: the collective reference to the Lenders, the Agents, the Qualified Counterparties and the Issuing Lender.

 “Security Documents”: the collective reference to the Guarantee and Collateral Agreement, the Mortgages, the Control
Agreement, the Collateral Trust Agreement and all other security documents hereafter delivered to the Administrative Agent or the Collateral Trustee granting a Lien on any property of any Person to secure the obligations and liabilities of any Loan
Party under any Loan Document. 
 “Senior Secured Notes”: the $230,000,000 in aggregate principal amount of the
Borrower’s senior secured notes due 2023 issued pursuant to the Senior Secured Notes Indenture. 
 “Senior Secured Notes
Documents”: the collective reference to the Senior Secured Notes Indenture, the Senior Secured Notes Purchase Agreement, the Senior Secured Notes and related security documents. 

“Senior Secured Notes Indenture”: the Indenture for the Senior Secured Notes, dated as of June 17, 2015, among the
Borrower, as the issuer, the guarantors listed therein and Wells Fargo Bank, National Association as trustee. 
 “Senior Secured
Notes Purchase Agreement”: the purchase agreement for the Senior Secured Notes, dated as of June 17, 2015, among the Borrower, as the issuer, the guarantors listed therein and J.P. Morgan Securities LLC, as initial purchaser. 

“Snellville Property”: that certain real property owned by Carmike Cinemas, Inc. and located at 1150 Scenic Highway,
Snellville, Georgia 30078. 
 “Solvent”: when used with respect to any Person, means that, as of any date of determination,
(a) the amount of the “present fair saleable value” of the assets of such Person will, as of 

  
 29 

 
such date, exceed the amount of all “liabilities of such Person, contingent or otherwise”, as of such date, as such quoted terms are determined in accordance with applicable federal and
state laws governing determinations of the insolvency of debtors, (b) the present fair saleable value of the assets of such Person will, as of such date, be greater than the amount that will be required to pay the liability of such Person on
its debts as such debts become absolute and matured, (c) such Person will not have, as of such date, an unreasonably small amount of capital with which to conduct its business, and (d) such Person will be able to pay its debts as they
mature. For purposes of this definition, (i) “debt” means liability on a “claim”, (ii) “claim” means any (x) right to payment, whether or not such a right is reduced to judgment, liquidated, unliquidated,
fixed, contingent, matured, unmatured, disputed, undisputed, legal, equitable, secured or unsecured or (y) right to an equitable remedy for breach of performance if such breach gives rise to a right to payment, whether or not such right to an
equitable remedy is reduced to judgment, fixed, contingent, matured or unmatured, disputed, undisputed, secured or unsecured and (iii) “assets” shall include, in the case of any Group Member, all rights and claims for contribution,
subrogation and indemnification against any other Group Member. 
 “Specified Cash Management Agreement”: any Bank Product
Agreement (a) entered into by (i) the Borrower or any of its Subsidiaries and (ii) any Qualified Counterparty, as counterparty and (b) that has been designated by such Qualified Counterparty and the Borrower, by notice to the
Administrative Agent, as a Specified Cash Management Agreement provided, that any release of Collateral or Guarantors effected in the manner permitted by this Agreement shall not require the consent of holders of obligations under
Specified Cash Management Agreements. The designation of any agreement as a Specified Cash Management Agreement shall not create in favor of any Qualified Counterparty that is a party thereto any rights in connection with the management or release
of any Collateral or of the obligations of any Guarantor under the Guarantee and Collateral Agreement except as provided in Section 10.14. 

“Specified Hedge Agreement”: any Hedge Agreement (a) entered into by (i) the Borrower or any of its Subsidiaries
and (ii) any Qualified Counterparty, as counterparty and (b) that has been designated by such Qualified Counterparty and the Borrower, by notice to the Administrative Agent, as a Specified Hedge Agreement provided, that any
release of Collateral or Guarantors effected in the manner permitted by this Agreement shall not require the consent of holders of obligations under Specified Hedge Agreements. The designation of any Hedge Agreement as a Specified Hedge Agreement
shall not create in favor of any Qualified Counterparty that is a party thereto any rights in connection with the management or release of any Collateral or of the obligations of any Guarantor under the Guarantee and Collateral Agreement except as
provided in Section 10.14. 
 “Specified Lease Obligations”: collectively, the Rave Lease Obligations, the
Muvico Lease Obligations and the Hickory Creek Lease Obligations. 
 “Stated Maturity”: with respect to any installment of
interest or principal on any series of Indebtedness, the date on which the payment of interest or principal was scheduled to be paid in the documentation governing such Indebtedness as of the first date it was incurred in compliance with the terms
of this Agreement, and will not include any contingent obligations to repay, redeem or repurchase any such interest or principal prior to the date originally scheduled for the payment thereof. 

“Subsidiary”: as to any Person: 

(i) any corporation, association or other business entity of which more than 50% of the total voting power of shares of Capital
Stock entitled (without regard to the occurrence of any contingency and after giving effect to any voting agreement or stockholders’ agreement that effectively transfers voting power) to vote in the election of

  
 30 

 
directors, managers or trustees of the corporation, association or other business entity is at the time owned or controlled, directly or indirectly, by that Person or one or more of the other
Subsidiaries of that Person (or a combination thereof); and 
 (ii) any partnership or limited liability company of which
(a) more than 50% of the capital accounts, distribution rights, total equity and voting interests or general and limited partnership interests, as applicable, are owned or controlled, directly or indirectly, by such Person or one or more of the
other Subsidiaries of that Person or a combination thereof, whether in the form of membership, general, special or limited partnership interests or otherwise, and (b) such Person or any Subsidiary of such Person is a controlling general partner
or otherwise controls such entity. 
 Unless otherwise qualified, all references to a “Subsidiary” or to “Subsidiaries”
in this Agreement shall refer to a Subsidiary or Subsidiaries of the Borrower. 
 “Subsidiary Guarantor”: each Subsidiary
of the Borrower other than (i) any Excluded Foreign Subsidiary or (ii) any non-Wholly Owned Subsidiary that is prohibited from becoming a Subsidiary Guarantor by the terms of any Requirement of Law
(including any duties owed thereunder) binding on or applicable to such non-Wholly Owned Subsidiary or the holders of its Capital Stock. 

“Syndication Agent”: as defined in the preamble to this Agreement. 

“Theatre Completion”: any motion picture theatre or screen which was first opened for business by the Borrower or any of its
Subsidiaries during any applicable period. 
 “Title Policies”: has the meaning specified in Schedule 6.13. 

“Total Revolving Commitments”: at any time, the aggregate amount of the Revolving Commitments then in effect. The original
amount of the Total Revolving Commitments is $50,000,000. 
 “Total Revolving Extensions of Credit”: at any time, the
aggregate amount of the Revolving Extensions of Credit of the Revolving Lenders outstanding at such time. 
 “Transaction”:
the transactions contemplated by the Loan Documents and the Senior Secured Notes Documents. 
 “Transaction Costs”: the
fees, costs and expenses payable by the Borrower or any of the Borrower’s Subsidiaries on or before the Closing Date in connection with the Transaction. 

“Transferee”: any Assignee or Participant. 

“Type”: as to any Loan, its nature as a Base Rate Loan or a Eurodollar Loan. 

“United States”: the United States of America. 

“Voting Stock”: of any specified Person as of any date means the Capital Stock of such Person that is at the time entitled to
vote in the election of the Board of Directors of such Person. 
 “Weighted Average Life to Maturity”: 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, 

  
 31 

 
including payment at final maturity, in respect of the Indebtedness, 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. 
 “Weighted Average Yield”: with
respect to any Indebtedness, on any date of determination, the weighted average yield to maturity, in each case, based on the interest rate applicable to such Indebtedness on such date and giving effect to all upfront or similar fees (but excluding
underwriting, arrangement or similar fees) or original issue discount (based on the lesser of a four-year average life to maturity or the remaining life to maturity) payable with respect to such Indebtedness. 

“Wholly Owned Subsidiary”: as to any Person, any other Person all of the Capital Stock of which (other than directors’
qualifying shares required by law) is owned by such Person directly and/or through other Wholly Owned Subsidiaries. 
 “Withdrawal
Liability”: liability to a Multiemployer Plan as a result of a complete or partial withdrawal from such Multiemployer Plan, as such terms are defined in Title IV of ERISA. 

1.2 Other Definitional Provisions. (a) Unless otherwise specified therein, all terms defined in this Agreement shall have the
defined meanings when used in the other Loan Documents or any certificate or other document made or delivered pursuant hereto or thereto. 

(b) As used herein and in the other Loan Documents, and any certificate or other document made or delivered pursuant hereto or
thereto, (i) accounting terms relating to any Group Member not defined in Section 1.1 and accounting terms partly defined in Section 1.1, to the extent not defined, shall have the respective meanings given to them under
GAAP, (ii) the words “include”, “includes” and “including” shall be deemed to be followed by the phrase “without limitation”, (iii) the word “incur” shall be construed to mean incur,
create, issue, assume, become liable in respect of or suffer to exist (and the words “incurred” and “incurrence” shall have correlative meanings), (iv) the words “asset” and “property” shall be construed
to have the same meaning and effect and to refer to any and all tangible and intangible assets and properties, including cash, Capital Stock, securities, revenues, accounts, leasehold interests and contract rights, and (v) references to
agreements or other Contractual Obligations shall, unless otherwise specified, be deemed to refer to such agreements or Contractual Obligations as amended, supplemented, restated or otherwise modified from time to time (subject to any applicable
restrictions hereunder). The words “hereof”, “herein” and “hereunder” and words of similar import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this
Agreement, and Section, Schedule and Exhibit references are to this Agreement unless otherwise specified. The meanings given to terms defined herein shall be equally applicable to both the singular and plural forms of such terms. 

(c) Except as otherwise expressly provided herein, all terms of an accounting or financial nature shall be construed in
accordance with GAAP; provided that, if either 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 date hereof in GAAP or in
the application thereof on the operation of such provision (or if the Administrative Agent notifies the Borrower that the Required 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, 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. Notwithstanding any other provision contained herein, (i) any lease that is treated as an operating 

  
 32 

 
lease for purposes of GAAP as of the Closing Date shall not solely as a result of any change in GAAP occurring after the Closing Date be treated as Capital Lease Obligations hereunder and shall
continue to be treated as an operating lease (and any future lease, if it were in effect on the Closing Date, that would be treated as an operating lease for purposes of GAAP as of the Closing Date shall not solely as a result of any change in GAAP
occurring after the Closing Date be treated as Capital Lease Obligations hereunder) and (ii) all terms of an accounting or financial nature used herein shall be construed, and all computations of amounts and ratios referred to herein shall be
made, without giving effect to any election under Statement of Financial Accounting Standards 159 (or any other Financial Accounting Standard having a similar result or effect) to value any Indebtedness or other liabilities of the Borrower or any
Subsidiary at “fair value”, as defined therein. 
 SECTION 2. AMOUNT AND TERMS OF REVOLVING COMMITMENTS 

2.1 Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make
revolving credit loans (such loans, together with any Incremental Revolving Loans, the “Revolving Loans”) to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time
outstanding which, when added to such Lender’s Revolving Percentage of the L/C Obligations then outstanding, does not exceed the amount of such Lender’s Revolving Commitment. During the Revolving Commitment Period the Borrower may use the
Revolving Commitments by borrowing, prepaying and reborrowing the Revolving Loans in whole or in part, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be Eurodollar Loans or Base Rate Loans, as
determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.2 and 3.2. 

(b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date. 

2.2 Procedure for Revolving Loan Borrowing. The Borrower may borrow under the Revolving Commitments during the Revolving Commitment
Period on any Business Day, provided that the Borrower shall give the Administrative Agent irrevocable notice (which notice must be received by the Administrative Agent prior to 12:00 Noon, New York City time, (a) three
Business Days prior to the requested Borrowing Date, in the case of Eurodollar Loans, or (b) one Business Day prior to the requested Borrowing Date, in the case of Base Rate Loans) (provided that any such notice of a borrowing of Base
Rate Loans to finance payments required to be made pursuant to Section 2.3 may be given not later than 10:00 A.M., New York City time, on the date of the proposed borrowing), specifying (i) the amount and Type of
Revolving Loans to be borrowed, (ii) the requested Borrowing Date and (iii) in the case of Eurodollar Loans, the respective amounts of each such Type of Loan and the respective lengths of the initial Interest Period therefor. Each
borrowing under the Revolving Commitments shall be in an amount equal to $1,000,000 or a whole multiple of $250,000 in excess thereof or, if the then aggregate Available Revolving Commitments are less than $1,000,000, such lesser amount;
provided, that borrowings of Base Rate Loans pursuant to Section 2.9 shall not be subject to the foregoing minimum amounts. If no election as to the Type of Revolving Loan to be borrowed is specified, then the requested borrowing
shall be of a Base Rate Loan. If no Interest Period is specified with respect to any requested borrowing of a Eurodollar Loan, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration. Upon receipt of any
such notice from the Borrower, the Administrative Agent shall promptly notify each Revolving Lender thereof. Each Revolving Lender will make the amount of its pro rata share of each borrowing available to the Administrative Agent for the account of
the Borrower at the Funding Office prior to 12:00 Noon, New York City time, on the Borrowing Date requested by the Borrower in funds immediately available to the Administrative Agent. The Administrative Agent will, on the Borrowing
Date, make available to the Borrower, by wire transfer of immediately available funds to a bank account designated by the Borrower in writing, the aggregate of the amounts made available to the Administrative Agent by the Revolving Lenders in
immediately available funds. 

  
 33 

 2.3 Commitment Fees, etc. (a) The Borrower agrees to pay to the Administrative Agent
for the account of each Revolving Lender a commitment fee for the period from and including the Closing Date to the last day of the Revolving Commitment Period, computed at the Commitment Fee Rate on the average daily amount of the Available
Revolving Commitment of such Lender during the period for which payment is made, payable quarterly in arrears on the last day of each March, June, September and December and on the Revolving Termination Date, commencing on the first of such dates to
occur after the date hereof. 
 (b) The Borrower agrees to pay to the Administrative Agent the fees in the amounts and on the
dates as set forth in any fee agreements with the Administrative Agent and to perform any other obligations contained therein. 
 2.4
Termination or Reduction of Revolving Commitments. The Borrower shall have the right, upon not less than three Business Days’ notice to the Administrative Agent, to terminate the Revolving Commitments or, from time to time, to reduce the
amount of the Revolving Commitments; provided that no such termination or reduction of Revolving Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Revolving Loans made on the effective date thereof,
the Total Revolving Extensions of Credit would exceed the Total Revolving Commitments. Any such reduction shall be in an amount equal to $1,000,000, or a whole multiple thereof, and shall reduce permanently the Revolving Commitments then in effect.

 2.5 L/C Commitment. (a) Subject to the terms and conditions hereof, the Issuing Lender, in reliance on the agreements of the
other Revolving Lenders set forth in Section 2.8(a), agrees to issue letters of credit (“Letters of Credit”) for the account of the Borrower on any Business Day during the Revolving Commitment Period in such form as may
be approved from time to time by the Issuing Lender; provided that the Issuing Lender shall have no obligation to issue any Letter of Credit if, after giving effect to such issuance, (i) the L/C Obligations would exceed the L/C
Commitment or (ii) the aggregate amount of the Available Revolving Commitments would be less than zero. Each Letter of Credit shall (i) be denominated in Dollars, (ii) have a face amount of at least $100,000 (unless otherwise agreed
by the Issuing Lender) and (iii) expire no later than the earlier of (x) the first anniversary of its date of issuance and (y) the date that is five Business Days prior to the Revolving Termination Date; provided that any
Letter of Credit with a term not greater than one-year may provide for the renewal thereof for additional periods in accordance with Section 2.5(b). 

(b) The Issuing Lender shall send a request for approval of renewal of any renewable Letter of Credit to the Administrative
Agent no later than the earlier of (a) thirty (30) days prior to the anniversary date of the date of the issuance of such Letter of Credit and (b) thirty (30) days prior to any non-renewal notice date set forth in such Letter of
Credit. The Administrative Agent shall confirm that such renewal would not, after giving effect to such renewal, cause the Available Revolving Commitments to be less than zero (such confirmation to be delivered by the Administrative Agent to the
Issuing Lender not less than twenty (20) days prior to (x) the anniversary date of the date of issuance of such Letter of Credit (in the event that Issuing Lender sent to the Administrative Agent the applicable request for confirmation
pursuant to clause (a) of the immediately preceding sentence) or (y) the non-renewal notice date set forth in such Letter of Credit (in the event that the Issuing Lender sent to the Administrative Agent the applicable request for approval
pursuant to clause (b) of the immediately preceding sentence)). Notwithstanding the foregoing, in no event shall the term of any such renewed Letter of Credit extend beyond the date that is five Business Days prior to the Revolving Termination
Date. 

  
 34 

 (c) The Issuing Lender shall not at any time be obligated to cause the issuance
of any Letter of Credit hereunder if such issuance would conflict with, or cause the Issuing Lender or any L/C Participant to exceed any limits imposed by, any applicable Requirement of Law. 

(d) Notwithstanding anything to the contrary contained herein, no Letter of Credit may expire after June 17, 2020 if,
after giving effect thereto, the aggregate Revolving Commitments of the Extending Lenders (including any Assuming Lenders) for the period following June 17, 2020 would be less than the available amount of the Letters of Credit expiring after
June 17, 2020. 
 2.6 Procedure for Issuance of Letter of Credit. (a) The Borrower may from time to time request that the
Issuing Lender cause the issuance of a Letter of Credit by delivering to the Administrative Agent at its address for notices specified herein an Application therefor. Upon receipt of any Application, the Administrative Agent will notify the Issuing
Lender of the amount, the beneficiary and the requested expiration of the requested Letter of Credit, and upon receipt of confirmation from the Administrative Agent that after giving effect to the requested issuance, the Available Revolving
Commitments would not be less than zero, the Issuing Lender will process such Application (in each case to be completed to the satisfaction of the Issuing Lender, and accompanied by such other certificates, documents and other papers and information
as the Issuing Lender may reasonably request) and any certificate, document or other papers and information delivered to it in connection therewith in accordance with its customary procedures. 

(b) Following the receipt of an Application as to which confirmation has been received by the Issuing Lender in accordance with
Section 2.6(a), the Issuing Lender shall cause the Letter of Credit to be issued: (i) if such Application is received by the Issuing Lender at or prior to 3:00 P.M., New York City time, on a Business Day, three Business Days
thereafter, or (ii) if such Application is received by the Issuing Lender after 3:00 P.M., New York City time, on a Business Day, four Business Days thereafter (such date of issuance, in either case, the “Issuing Date”). The
original of such Letter of Credit may be issued to the beneficiary thereof or as otherwise may be agreed to by the Issuing Lender and the Borrower. The Issuing Lender shall within one Business Day of the issuance of a Letter of Credit furnish to the
Administrative Agent, which shall in turn promptly furnish to the Revolving Lenders, notice of the issuance of each Letter of Credit (including the amount thereof). 

(c) In the event that any Lender other than the JPMorgan Chase Bank, National Association becomes an Issuing Lender, each such
Issuing Lender agrees that, unless otherwise requested by the Administrative Agent, such Issuing Lender shall report in writing to the Administrative Agent (i) on the first Business Day of each week, the daily activity (set forth by day) in
respect of Letters of Credit issued by such Issuing Lender during the immediately preceding week, including all issuances, extensions, amendments and renewals, all expirations and cancellations and all disbursements and reimbursements, (ii) on
or prior to each Business Day on which such Issuing Lender expects to issue, amend, renew or extend any Letter of Credit, the date of such issuance, amendment, renewal or extension, and the aggregate face amount of the Letters of Credit to be
issued, amended, renewed or extended by it and outstanding after giving effect to such issuance, amendment, renewal or extension (and whether the amount thereof changed), it being understood that such Issuing Lender shall not permit any issuance,
renewal, extension or amendment resulting in an increase in the amount of any Letter of Credit to occur without first obtaining written confirmation from the Administrative Agent that it is then permitted under this Agreement, (iii) on each
Business Day on which such Issuing Lender pays any amount in respect of one or more drawings under Letters of Credit, the date of such payment(s) and the amount of such payment(s), (iv) on any Business Day on which the Borrower

  
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fails to reimburse any amount required to be reimbursed to such Issuing Lender on such day, the date of such failure and the amount and currency of such payment in respect of Letters of Credit
and (v) on any other Business Day, such other information as the Administrative Agent shall reasonably request. 
 2.7 Fees and
Other Charges. (a) The Borrower will pay a fee on all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Facility, shared ratably among the
Revolving Lenders and payable quarterly in arrears on each L/C Fee Payment Date after the date any Letter of Credit is issued. In addition, the Borrower shall pay to the Issuing Lender for its own account a fronting fee on the undrawn and unexpired
amount of each Letter of Credit equal to 0.30% per annum, payable quarterly in arrears on each L/C Fee Payment Date after the date any Letter of Credit is issued. 

(b) In addition to the foregoing fees, the Borrower shall promptly pay or reimburse the Issuing Lender for such normal and
customary costs and expenses as are incurred or charged by the Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit upon receipt of an invoice. The Issuing Lender will provide the
Administrative Agent a copy of the Letter of Credit fees, charges and expenses charged by the Issuing Lender by facsimile or as otherwise agreed on or about the 10th Business Day of each month.

 2.8 L/C Participations. (a) The Issuing Lender irrevocably agrees to grant and hereby grants to each L/C Participant, and, to
induce the Issuing Lender to cause Letters of Credit to be issued hereunder, each L/C Participant irrevocably agrees to accept and purchase and hereby accepts and purchases from the Issuing Lender, on the terms and conditions set forth below, for
such L/C Participant’s own account and risk an undivided interest equal to such L/C Participant’s Revolving Percentage in the Issuing Lender’s obligations and rights under and in respect of each Letter of Credit issued hereunder and
the amount of each draft paid by the Issuing Lender thereunder. Each L/C Participant unconditionally and irrevocably agrees with the Issuing Lender that, if a draft is paid under any Letter of Credit for which the Issuing Lender is not reimbursed in
full by the Borrower in accordance with the terms of this Agreement, such L/C Participant shall pay to the Administrative Agent, for the account of the Issuing Lender, upon demand of the Issuing Lender an amount equal to such L/C Participant’s
Revolving Percentage of the amount of such draft, or any part thereof, that is not so reimbursed. The Administrative Agent shall promptly forward such amounts to the Issuing Lender. 

(b) If any amount required to be paid by any L/C Participant to the Administrative Agent for the account of the Issuing Lender
pursuant to Section 2.8(a) in respect of any unreimbursed portion of any payment made by the Issuing Lender under any Letter of Credit is paid to the Administrative Agent for the account of the Issuing Lender within three Business Days
after the date such payment is due, such L/C Participant shall pay to the Administrative Agent for the account of the Issuing Lender on demand an amount equal to the product of (i) such amount, times (ii) the daily average Federal Funds
Effective Rate during the period from and including the date such payment is required to the date on which such payment is immediately available to the Issuing Lender, times (iii) a fraction the numerator of which is the number of days that
elapse during such period and the denominator of which is 360. If any such amount required to be paid by any L/C Participant pursuant to Section 2.8(a) is not made available to the Administrative Agent for the account of the Issuing
Lender by such L/C Participant within three Business Days after the date such payment is due, the Issuing Lender shall be entitled to recover from such L/C Participant, on demand, such amount with interest thereon calculated from such due date at
the rate per annum then applicable to Base Rate Loans under the Revolving Facility. A certificate of the Issuing Lender submitted to any L/C Participant with respect to any amounts owing under this Section shall be conclusive in the absence of
manifest error. 
 (c) Whenever, at any time after the Issuing Lender has made payment under any Letter of Credit and has
received from any L/C Participant its pro rata share of such payment in accordance with Section 2.8(a), the Administrative Agent or the Issuing Lender receives any payment related to such Letter of Credit (whether directly from the
Borrower or otherwise, including proceeds of collateral applied thereto by the Issuing Lender), or any payment of interest on account thereof, the Administrative Agent or the Issuing Lender, as the case may be, will distribute to such L/C
Participant its pro rata share thereof; provided, however, that in the event that any such payment received by Administrative Agent or the Issuing Lender, as the case may be, shall be required to be returned by the Administrative Agent
or the Issuing Lender, such L/C Participant shall return to the Administrative Agent for the account of the Issuing Lender the portion thereof previously distributed by the Administrative Agent or the Issuing Lender, as the case may be, to it. 

  
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 2.9 Reimbursement Obligation of the Borrower. The Borrower agrees to reimburse the Issuing
Lender on the Business Day next succeeding the Business Day on which the Issuing Lender notifies the Borrower of the date and amount of a draft presented under any Letter of Credit and paid by the Issuing Lender for the amount of (a) such draft
so paid and (b) any taxes, fees, charges or other costs or expenses incurred by the Issuing Lender in connection with such payment. Each such payment shall be made to the Issuing Lender at its address for notices referred to herein in Dollars
and in immediately available funds. Interest shall be payable on any such amounts from the date on which the relevant draft is paid until payment in full at the rate set forth in (i) until the Business Day next succeeding the date of the
relevant notice, Section 3.4(b) and (ii) thereafter, Section 3.4(c). Each drawing under any Letter of Credit shall (unless an event of the type described in clause (i) or (ii) of Section 8(f) shall
have occurred and be continuing with respect to the Borrower, in which case the procedures specified in Section 2.8 for funding by L/C Participants shall apply) constitute a request by the Borrower to the Administrative Agent for a
borrowing pursuant to Section 2.2 of Base Rate Loans in the amount of such drawing. The Borrowing Date with respect to such borrowing shall be the first date on which a borrowing of Revolving Loans could be made, pursuant to
Section 2.2, if the Administrative Agent had received a notice of such borrowing at the time the Administrative Agent receives notice from the Issuing Lender of such drawing under such Letter of Credit. 

2.10 Obligations Absolute. The Borrower’s obligations under Section 2.9 shall be absolute and unconditional under any
and all circumstances and irrespective of any setoff, counterclaim or defense to payment that the Borrower may have or have had against the Issuing Lender, any beneficiary of a Letter of Credit or any other Person. The Borrower also agrees with the
Issuing Lender that the Issuing Lender shall not be responsible for (except to the extent found by a final and nonappealable decision of a court of competent jurisdiction to have resulted from the gross negligence or willful misconduct of the
Issuing Lender), and the Borrower’s Reimbursement Obligations under Section 2.9 shall not be affected by, among other things, (i) the validity, genuineness or lack of enforceability of documents or of any endorsements thereon
without responsibility for further investigation and regardless of any notice or information to the contrary, even though such documents shall in fact prove to be invalid, fraudulent or forged, or any statement therein being untrue or inaccurate in
any respect, (ii) any dispute between or among the Borrower and any beneficiary of any Letter of Credit or any other party to which such Letter of Credit may be transferred or any claims whatsoever of the Borrower against any beneficiary of
such Letter of Credit or any such transferee, (iii) payment by the Issuing Lender under a Letter of Credit against presentation of a draft or other document that does not comply with the terms of such Letter of Credit, or (iv) any other
event or circumstance whatsoever, whether or not similar to any of the foregoing, that might, but for the provisions of this Section, constitute a legal or equitable discharge of, or provide a right of setoff against, the Borrower’s obligations

  
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hereunder. Neither the Administrative Agent, the Lenders nor the Issuing Lender, nor any of their related parties, shall have any liability or responsibility by reason of or in connection with
the issuance or transfer of any Letter of Credit or any payment or failure to make any payment thereunder (irrespective of any of the circumstances referred to in the preceding sentence), or any error, omission, interruption or delay in
transmission, dispatch or delivery of any message or advice, however transmitted, in connection with any Letter of Credit, any error in interpretation of technical terms or any consequence arising from causes beyond the control of the Issuing
Lender, except for errors or omissions found by a final and nonappealable decision of a court of competent jurisdiction to have resulted from the gross negligence or willful misconduct of the Issuing Lender. The Borrower agrees that any action taken
or omitted by the Issuing Lender under or in connection with any Letter of Credit or the related drafts or documents, if done in the absence of gross negligence or willful misconduct and in accordance with the standards of care specified in the
Uniform Commercial Code of the State of New York, shall be binding on the Borrower and shall not result in any liability of the Issuing Lender to the Borrower. 

2.11 Letter of Credit Payments. (a) If any draft shall be presented for payment under any Letter of Credit, the Issuing Lender
shall promptly notify the Borrower and the Administrative Agent of the date and amount thereof. The responsibility of the Issuing Lender to the Borrower in connection with any draft presented for payment under any Letter of Credit shall, in addition
to any payment obligation expressly provided for in such Letter of Credit, be limited to determining that the documents (including each draft) delivered under such Letter of Credit in connection with such presentment are substantially in conformity
with such Letter of Credit. 
 (b) Promptly following presentment to the Issuing Lender by the beneficiary of any Letter of
Credit (a) with respect to which the face amount of the Letter of Credit would be exceeded after giving effect to any draw thereunder or (b) that has expired (each, a “Credit Risk Discrepancy”), the Issuing Lender shall send
notice of such Credit Risk Discrepancy to the Administrative Agent. No Letter of Credit with respect to which a Credit Risk Discrepancy exists (or would exist upon the Issuing Lender honoring such Letter of Credit) shall be honored unless such
Credit Risk Discrepancy has been waived in writing by each of the Borrower and the Administrative Agent. If waived, the Administrative Agent shall provide notice of such written waiver to the Issuing Lender not later than two Business Days after the
Issuing Lender provides notice to the Administrative Agent of such Credit Risk Discrepancy. 
 2.12 Applications. To the extent that
any provision of any Application related to any Letter of Credit is inconsistent with the provisions of this Section 2, the provisions of this Section 2 shall apply. 

2.13 Extension of Revolving Termination Date. (a) Subject to the requirements of Section 2.13(d) (including, without
limitation, the requirement that Revolving Lenders having at least 60% of the Revolving Commitments shall consent), at least 45 days prior to the Revolving Termination Date, the Borrower, by written notice to the Administrative Agent (the date
of any such notice, an “Extension Notice Date”), may request an extension of the Revolving Termination Date to a date specified by the Borrower (the “Extended Revolving Termination Date”), provided that no
more than three (3) extensions may be effected pursuant to this Section 2.13. The Administrative Agent shall promptly notify each Revolving Lender of each such request, and each Revolving Lender shall in turn, in its sole
discretion, not later than 10 Business Days after the Extension Notice Date, notify the Borrower and the Administrative Agent in writing as to whether such Lender will consent to such extension, such notice to be in substantially the form of
Exhibit G hereto. If any Revolving Lender shall fail to notify the Administrative Agent and the Borrower in writing of its consent to any such request for extension of the Revolving Termination Date within 10 Business Days after the
Extension Notice Date, such Revolving Lender shall be deemed to be a Non-Extending Lender with respect to such request. The Administrative Agent shall notify the Borrower promptly of the decision of the Revolving Lenders regarding any such request
for an extension of the Revolving Termination Date. 

  
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 (b) If all the Revolving Lenders consent in writing to any request for an
extension of the Revolving Termination Date in accordance with Section 2.13(a), the Revolving Termination Date shall, effective as of the date that is 30 days after the Extension Notice Date (such effective date, the “Extension
Date”), be extended to the Extended Revolving Termination Date; provided that on the Extension Date, the applicable conditions set forth in Section 5 shall have been satisfied. If fewer than all of the Revolving Lenders
consent in writing to any such request in accordance with Section 2.13(a), the Revolving Termination Date shall, subject to Section 2.13(d) (including, without limitation, the requirement that Revolving Lenders having at
least 60% of the Revolving Commitments shall have consented) and effective as at the Extension Date, be extended only as to those Revolving Lenders that so consented (each, an “Extending Lender”) but shall not be extended as to any
other Revolving Lender (each, a “Non-Extending Lender”). To the extent that the Revolving Termination Date is not extended as to any Revolving Lender pursuant to this Section 2.13 and the Revolving Commitment of such
Revolving Lender is not assumed in accordance with Section 2.13(c) on or prior to the Extension Date, the Revolving Commitment of such Non-Extending Lender shall automatically terminate on the Revolving Termination Date then applicable
to it, unless such Non-Extending Lender shall otherwise subsequently agree to extend its Revolving Commitment to the Extended Revolving Termination Date, in whole on the Revolving Termination Date without any further notice or other action by the
Borrower, such Revolving Lender or any other Person; provided that such Non-Extending Lender’s rights under Sections 3.9, 3.10 and 10.5, and its obligations under
Section 9.7, shall survive the Revolving Termination Date for such Revolving Lender as to matters occurring prior to such date. It is understood and agreed that no Revolving Lender shall have any obligation whatsoever to agree to any
request made by the Borrower for any requested extension of the Revolving Termination Date. 
 (c) If fewer than all of the
Revolving Lenders consent to any request for an extension of the Revolving Termination Date pursuant to Section 2.13(a), the Administrative Agent shall promptly notify the Extending Lenders, and each Extending Lender may, in its sole
discretion, give written notice to the Administrative Agent not later than 10 days (or such lesser number of days as the Administrative Agent may agree to) prior to the Extension Date of the amount of the Non-Extending Lenders’ Revolving
Commitments that it is willing to assume. If one or more Extending Lenders notify the Administrative Agent that they are willing to assume one or more Revolving Commitments in an aggregate amount that exceeds the Revolving Commitments of the Non-Extending Lenders, such Revolving Commitments shall be allocated among such Extending Lenders in such amounts as are agreed between the Borrower and the Administrative Agent. If after giving effect to the
assignments of Revolving Commitments described above there remain any Revolving Commitments of Non-Extending Lenders, the Borrower may arrange for one or more Extending Lenders or other Eligible Assignees that agree to an extension of the Revolving
Termination Date (each such Extending Lender pursuant to the immediately preceding sentence or this sentence and each such Eligible Assignee, an “Assuming Lender”) to assume, effective as of the Extension Date, any remaining
Non-Extending Lenders’ Revolving Commitments and all of the obligations of such Non-Extending Lenders under this Agreement thereafter arising relating to such Revolving Commitments, without recourse to or warranty by, or expense to, such
Non-Extending Lenders; provided that any assumptions of Non-Extending Lenders’ Revolving Commitments by any such Assuming Lender that is not an existing Revolving Lender shall require the consents of the Administrative Agent and the
Issuing Lender (such consents not to be unreasonably withheld, conditioned or delayed); provided further, that the amount of the Revolving Commitment of any such Assuming Lender as a result of such substitution shall in no

  
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event be less than $5,000,000 (or such lesser amount as the Borrower and the Administrative Agent shall agree). The assumptions provided for in this Section 2.13(c) shall be subject
to the conditions that: 
 (i) the Assuming Lenders shall have paid (or, in the case of any interest or fees, if it has been
so agreed, the Borrower shall have paid) to the Non-Extending Lenders (A) the aggregate principal amount of, and any interest and fees accrued and unpaid to the Extension Date on, the outstanding Revolving Loans, if any, of the Non-Extending
Lenders under the respective portions of their Revolving Commitments being assumed; 
 (ii) all additional costs,
reimbursements, expense reimbursements and indemnities then due and payable to the Non-Extending Lenders under this Agreement in respect of such portions of their Revolving Commitments shall have been paid by
the Borrower; 
 (iii) with respect to any such Assuming Lender, the applicable processing and recordation fee required under
Section 10.6(b) for such assignment shall have been paid by the Assuming Lender (or, if it has been so agreed, by the Borrower); and 

(iv) the Assuming Lenders shall have assumed the L/C Obligations of the Non-Extending Lenders; 

provided, further, that a Non-Extending Lender’s rights under Sections 3.9, 3.10 and 10.5, and its obligations under
Section 9.7, shall survive any such assumption as to matters occurring prior to the date of substitution. On or prior to the Extension Date, (A) each Assuming Lender that is an Assignee but not an Extending Lender shall have
delivered to the Borrower and the Administrative Agent an assumption agreement in substantially the form of Exhibit H (each, an “Assumption Agreement”) and (B) any Extending Lender assuming any Revolving Commitments
shall have delivered confirmation in writing satisfactory to the Borrower and the Administrative Agent as to the increase in the amount of its Revolving Commitment. Upon the payment or prepayment of all amounts referred to above, the Assuming
Lenders, as of the Extension Date, will be substituted for the Non-Extending Lenders under this Agreement to the extent of their assumed Revolving Commitments and shall be Lenders for all purposes of this Agreement, without any further
acknowledgment by or the consent of the other Lenders, and the obligations of the Non-Extending Lenders to such extent hereunder shall, by the provisions hereof, be released and discharged. 

(d) If the Revolving Lenders (including Assignees who are Assuming Lenders) having at least 60% of the Revolving Commitments
(after giving effect to any assumptions pursuant to Section 2.13(c)) consent in writing to a requested extension (whether by execution or delivery of an Assumption Agreement or otherwise) on or prior to the Extension Date, the
Administrative Agent shall so notify the Borrower, and, upon satisfaction of the applicable conditions set forth in Section 5.2, the Revolving Termination Date shall be extended to the Extended Revolving Termination Date as described in
Section 2.13(a) for each Extending Lender and each Assuming Lender, and all references in this Agreement to the “Revolving Termination Date” shall, with respect to each Extending Lender and each Assuming Lender, refer to
the Extended Revolving Termination Date. Promptly following the Extension Date, the Administrative Agent shall notify the Lenders (including, without limitation, each Assuming Lender) of the extension of the Revolving Termination Date and shall
thereupon record in the Register the relevant information with respect to each Assuming Lender. 

  
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 In connection with any extension of the Revolving Termination Date or any other Loan that from
time to time may be provided hereunder, the applicable Loan Parties shall deliver, at their sole cost and expense, (i) amendments to each of the Mortgages (and the Administrative Agent is hereby directed by the Lenders to enter into such
amendments) that has a maturity date prior to the then latest maturity date of any of the Loans so that the maturity date referenced in such Mortgages is extended to the then latest maturity date of any of the Loans (or such later date as may be
advised by local counsel to the Administrative Agent), and (ii) title date down and modification endorsements to the Title Policies insuring such amendments and bringing the date of coverage of such Title Policies and all endorsements thereto
forward to the date of recordation of the applicable Mortgage Amendments. 
 SECTION 3. GENERAL PROVISIONS APPLICABLE 

TO LOANS AND LETTERS OF CREDIT 

3.1 Optional Prepayments. The Borrower may at any time and from time to time prepay the Loans, in whole or in part, without premium or
penalty, together with (except in the case of Revolving Loans that are Base Rate Loans unless the prepayment is made in connection with the termination of all Revolving Commitments hereunder) accrued interest to such date on the amount prepaid;
provided, that if a Eurodollar Loan is prepaid on any day other than the last day of the Interest Period applicable thereto, the Borrower shall also pay any amounts owing pursuant to Section 3.10. Partial prepayments of Revolving
Loans shall be in an aggregate principal amount of $500,000 or a whole multiple of $100,000 in excess thereof, or in any event the amount of all outstanding Revolving Loans. 

3.2 Conversion and Continuation Options. (a) The Borrower may elect from time to time to convert Eurodollar Loans to Base Rate
Loans by giving the Administrative Agent prior irrevocable notice of such election no later than 11:00 A.M., New York City time, on the Business Day preceding the proposed conversion date, provided that any such conversion of
Eurodollar Loans may only be made on the last day of an Interest Period with respect thereto. The Borrower may elect from time to time to convert Base Rate Loans to Eurodollar Loans by giving the Administrative Agent prior irrevocable notice of such
election no later than 11:00 A.M., New York City time, on the third Business Day preceding the proposed conversion date (which notice shall specify the length of the initial Interest Period therefor), provided that no Base Rate
Loan may be converted into a Eurodollar Loan when any Event of Default has occurred and is continuing and the Administrative Agent or the Majority Facility Lenders have determined in its or their sole discretion not to permit such conversions. Upon
receipt of any such notice the Administrative Agent shall promptly notify each relevant Lender thereof. 
 (b) Any Eurodollar
Loan may be continued as such upon the expiration of the then current Interest Period with respect thereto by the Borrower giving irrevocable notice to the Administrative Agent, in accordance with the applicable provisions of the term “Interest
Period” set forth in Section 1.1, of the length of the next Interest Period to be applicable to such Loans, provided that no Eurodollar Loan may be continued as such when any Event of Default has occurred and is continuing
and the Administrative Agent has or the Majority Facility Lenders have determined in its or their sole discretion not to permit such continuations, and provided, further, that if the Borrower shall fail to give any required notice as
described above in this paragraph or if such continuation is not permitted pursuant to the preceding proviso such Loans shall be automatically converted to Base Rate Loans on the last day of such then expiring Interest Period. Upon receipt of any
such notice the Administrative Agent shall promptly notify each relevant Lender thereof. 
 3.3 Limitations on Eurodollar Tranches.
Notwithstanding anything to the contrary in this Agreement, all borrowings, conversions and continuations of Eurodollar Loans hereunder and all selections of Interest Periods hereunder shall be in such amounts and be made pursuant to such elections

  
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so that, (a) after giving effect thereto, the aggregate principal amount of the Eurodollar Loans comprising each Eurodollar Tranche shall be equal to $1,000,000 or a whole multiple of
$250,000 in excess thereof and (b) no more than five Eurodollar Tranches shall be outstanding at any one time. 
 3.4 Interest Rates
and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin. 

(b) Each Base Rate Loan shall bear interest at a rate per annum equal to the Base Rate plus the Applicable Margin. 

(c) (i) If all or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due
(whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing
provisions of this Section plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to Base Rate Loans plus 2%, and (ii) if all or a portion of any interest payable on any Loan or Reimbursement Obligation
or any commitment fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to Base
Rate Loans plus 2%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (after as well as before judgment). 

(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to
paragraph (c) of this Section shall be payable from time to time on demand. 
 3.5 Computation of Interest and Fees.
(a) Interest and fees payable pursuant hereto shall be calculated on the basis of a 360-day year for the actual days elapsed, except that, with respect to Base Rate Loans the rate of interest on which is
calculated on the basis of the Prime Rate, the interest thereon shall be calculated on the basis of a 365- (or 366-, as the case may be) day year for the actual days elapsed. The Administrative Agent shall as soon as practicable notify the Borrower
and the relevant Lenders of each determination of a Eurodollar Rate. Any change in the interest rate on a Loan resulting from a change in the Base Rate or the Eurocurrency Reserve Requirements shall become effective as of the opening of business on
the day on which such change becomes effective. The Administrative Agent shall as soon as practicable notify the Borrower and the relevant Lenders of the effective date and the amount of each such change in interest rate. 

(b) Each determination of an interest rate by the Administrative Agent pursuant to any provision of this Agreement shall be
conclusive and binding on the Borrower and the Lenders in the absence of manifest error. The Administrative Agent shall, at the request of the Borrower, deliver to the Borrower a statement showing the quotations used by the Administrative Agent in
determining any interest rate pursuant to Section 3.4(a). 
 3.6 Inability to Determine Interest Rate. If prior to the
first day of any Interest Period: 
 (a) the Administrative Agent shall have determined (which determination shall be
conclusive and binding upon the Borrower) that, by reason of circumstances affecting the relevant market, adequate and reasonable means do not exist for ascertaining the Eurodollar Rate for such Interest Period, or 

(b) the Administrative Agent shall have received notice from the Majority Facility Lenders that the Eurodollar Rate determined
or to be determined for such Interest Period will not adequately and fairly reflect the cost to such Lenders (as conclusively certified by such Lenders) of making or maintaining their affected Loans during such Interest Period, 

  
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 then the Administrative Agent shall give telecopy or telephonic notice thereof to the Borrower and the relevant
Lenders as soon as practicable thereafter. If such notice is given (x) any Eurodollar Loans requested to be made on the first day of such Interest Period shall be made as Base Rate Loans, (y) any Loans that were to have been converted on
the first day of such Interest Period to Eurodollar Loans shall be continued as Base Rate Loans and (z) any outstanding Eurodollar Loans shall be converted, on the last day of the then-current Interest Period, to Base Rate Loans. Until such
notice has been withdrawn by the Administrative Agent, no further Eurodollar Loans shall be made or continued as such, nor shall the Borrower have the right to convert Loans to Eurodollar Loans. 

3.7 Pro Rata Treatment and Payments. (a) Each borrowing by the Borrower from the Lenders hereunder, each payment by the Borrower
on account of any commitment fee and any reduction of the Revolving Commitments of the Revolving Lenders shall be made pro rata according to the respective Revolving Percentages of the Revolving Lenders. 

(b) Each payment (including each prepayment) by the Borrower on account of principal of and interest on the Revolving Loans
shall be made pro rata according to the respective outstanding principal amounts of the Revolving Loans then held by the Revolving Lenders. 

(c) All payments (including prepayments) to be made by the Borrower hereunder, whether on account of principal, interest, fees
or otherwise, shall be made without setoff or counterclaim and shall be made prior to 12:00 Noon, New York City time, on the due date thereof to the Administrative Agent, for the account of the Lenders, at the Funding Office, in
Dollars and in immediately available funds. The Administrative Agent shall distribute such payments to each relevant Lender promptly upon receipt in like funds as received, net of any amounts owing by such Lender pursuant to Section 9.7.
If any payment hereunder (other than payments on the Eurodollar Loans) becomes due and payable on a day other than a Business Day, such payment shall be extended to the next succeeding Business Day. If any payment on a Eurodollar Loan becomes due
and payable on a day other than a Business Day, the maturity thereof shall be extended to the next succeeding Business Day unless the result of such extension would be to extend such payment into another calendar month, in which event such payment
shall be made on the immediately preceding Business Day. In the case of any extension of any payment of principal pursuant to the preceding two sentences, interest thereon shall be payable at the then applicable rate during such extension. 

(d) Unless the Administrative Agent shall have been notified in writing by any Lender prior to a borrowing that such Lender
will not make the amount that would constitute its share of such borrowing available to the Administrative Agent, the Administrative Agent may assume that such Lender is making such amount available to the Administrative Agent, and the
Administrative Agent may, in reliance upon such assumption, make available to the Borrower a corresponding amount. If such amount is not made available to the Administrative Agent by the required time on the Borrowing Date therefor, such Lender
shall pay to the Administrative Agent, on demand, such amount with interest thereon at a rate equal to the greater of (i) the Federal Funds Effective Rate and (ii) a rate determined by the Administrative Agent in accordance with banking
industry rules on interbank compensation for the period until such Lender makes such amount immediately available to the Administrative Agent. A certificate of the Administrative 

  
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Agent submitted to any Lender with respect to any amounts owing under this paragraph shall be conclusive in the absence of manifest error. If such Lender’s share of such borrowing is not
made available to the Administrative Agent by such Lender within three Business Days of such Borrowing Date, the Administrative Agent shall also be entitled to recover such amount with interest thereon at the rate per annum applicable to Base Rate
Loans, on demand, from the Borrower. Nothing in this paragraph shall be deemed to limit the rights of the Borrower against any such Lender. 

(e) Unless the Administrative Agent shall have been notified in writing by the Borrower prior to the date of any payment due to
be made by the Borrower hereunder that the Borrower will not make such payment to the Administrative Agent, the Administrative Agent may assume that the Borrower is making such payment, and the Administrative Agent may, but shall not be required to,
in reliance upon such assumption, make available to the Lenders their respective pro rata shares of a corresponding amount. If such payment is not made to the Administrative Agent by the Borrower within three Business Days after such
due date, the Administrative Agent shall be entitled to recover, on demand, from each Lender to which any amount which was made available pursuant to the preceding sentence, such amount with interest thereon at the rate per annum equal to the daily
average Federal Funds Effective Rate. Nothing herein shall be deemed to limit the rights of the Administrative Agent or any Lender against the Borrower. 

(f) If any Lender shall fail to make any payment required to be made by it pursuant to Sections 2.8(a), 3.7(d),
3.7(e) or 9.7, then the Administrative Agent shall apply any amounts thereafter received by the Administrative Agent or the Issuing Lender for the account of such Lender to satisfy such Lender’s obligations under such Sections
until all such unsatisfied obligations are fully paid. 
 3.8 Requirements of Law. (a) If the adoption of or any change in any
Requirement of Law or in the interpretation or application thereof or compliance by any Lender with any request or directive (whether or not having the force of law) from any central bank or other Governmental Authority made subsequent to the date
hereof: 
 (i) shall subject any Lender to any tax of any kind whatsoever with respect to this Agreement, any Letter of
Credit, any Application or any Eurodollar Loan made by it, or change the basis of taxation of payments to such Lender in respect thereof (except for (A) Non-Excluded Taxes covered by Section 3.9, (B) any net income taxes,
franchise taxes or branch profits taxes described in the first sentence of Section 3.9(a), and (C) any taxes described in clauses (i) through (iii) of Section 3.9(a)); 

(ii) shall impose, modify or hold applicable any reserve, special deposit, compulsory loan, liquidity or similar requirement
against assets held by, deposits or other liabilities in or for the account of, advances, loans or other extensions of credit by, or any other acquisition of funds by, any office of such Lender that is not otherwise included in the determination of
the Eurodollar Rate hereunder; or 
 (iii) shall impose on such Lender any other condition (other than taxes); 

and the result of any of the foregoing is to increase the cost to such Lender, by an amount that such Lender deems to be material, of making, converting into,
continuing or maintaining Eurodollar Loans or issuing or participating in Letters of Credit, or to reduce any amount receivable hereunder in respect thereof, then, in any such case, the Borrower shall promptly pay such Lender, upon its demand, any

  
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additional amounts necessary to compensate such Lender for such increased cost or reduced amount receivable. If any Lender becomes entitled to claim any additional amounts pursuant to this
paragraph, it shall promptly notify the Borrower (with a copy to the Administrative Agent) of the event by reason of which it has become so entitled. 

(b) If any Lender shall have determined that the adoption of or any change in any Requirement of Law regarding capital adequacy
or liquidity requirements or in the interpretation or application thereof or compliance by such Lender or any Person controlling such Lender with any request or directive regarding capital adequacy or liquidity requirements (whether or not having
the force of law) from any Governmental Authority made subsequent to the date hereof shall have the effect of reducing the rate of return on such Lender’s or such Person’s capital as a consequence of its obligations hereunder or under or
in respect of any Letter of Credit to a level below that which such Lender or such Person could have achieved but for such adoption, change or compliance (taking into consideration such Lender’s or such Person’s policies with respect to
capital adequacy and liquidity requirements) by an amount deemed by such Lender to be material, then from time to time, after submission by such Lender to the Borrower (with a copy to the Administrative Agent) of a written request therefor, the
Borrower shall pay to such Lender such additional amount or amounts as will compensate such Lender or such Person for such reduction. Notwithstanding anything herein to the contrary, (i) the Dodd-Frank Wall Street Reform and Consumer Protection
Act and all requests, rules, guidelines, requirements and directives thereunder, issued in connection therewith or in implementation thereof, 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 United States or foreign regulatory authorities, in each case pursuant to Basel III, shall in each case be deemed to be an adoption of or a change in
a “Requirement of Law” made subsequent to the date hereof, regardless of the date enacted, adopted, issued or implemented. 

(c) A certificate setting forth in reasonable detail any additional amounts payable pursuant to this Section submitted by any
Lender to the Borrower (with a copy to the Administrative Agent) shall be conclusive in the absence of manifest error. Notwithstanding anything to the contrary in this Section, the Borrower shall not be required to compensate a Lender pursuant to
this Section for any amounts incurred more than six months prior to the date that such Lender notifies the Borrower of such Lender’s intention to claim compensation therefor; provided that, if the circumstances giving rise to such claim
have a retroactive effect, then such six-month period shall be extended to include the period of such retroactive effect. The obligations of the Borrower pursuant to this Section 3.8 shall survive the termination of this Agreement and the
payment of the Loans and all other amounts payable hereunder. 
 3.9 Taxes. (a) All payments made by or on behalf of the
Borrower or any other Loan Party under this Agreement or any other Loan Document shall be made free and clear of, and without deduction or withholding for or on account of, any present or future income, stamp or other taxes, levies, imposts, duties,
charges, fees, deductions or withholdings, now or hereafter imposed, levied, collected, withheld or assessed by any Governmental Authority (including any interest, additions to tax or penalties applicable thereto), excluding net income taxes,
franchise taxes (imposed in lieu of net income taxes) and branch profits taxes, in each case imposed on any Agent or any Lender as a result of a present or former connection between such Agent or such Lender and the jurisdiction of the Governmental
Authority imposing such tax or any political subdivision or taxing authority thereof or therein (other than any such connection arising solely from such Agent or such Lender having executed, delivered, become a party to, or performed its obligations
or received a payment under, or enforced, this Agreement or any other Loan Document) or as a result of such Agent or such Lender 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 

  
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jurisdiction imposing such tax (or any political subdivision thereof). If any such non-excluded taxes, levies, imposts, duties, charges, fees, deductions or withholdings (“Non-Excluded
Taxes”) or Other Taxes are required to be withheld from any amounts payable to any Agent or any Lender hereunder or under any other Loan Document, the amounts so payable to such Agent or such Lender by the applicable Loan Party shall be
increased to the extent necessary to yield to such Agent or such Lender (after payment of all Non-Excluded Taxes and Other Taxes) interest or any such other amounts at the rates or in the amounts specified in
this Agreement or such other Loan Document, provided, however, that the Borrower shall not be required to increase any such amounts payable to any Lender with respect to any Non-Excluded Taxes (i) that are attributable to such
Lender’s failure to comply with the requirements of paragraph (f), (g), (h) or (l) of this Section or (ii) that are United States withholding taxes imposed on amounts payable to such Lender pursuant to a law in effect
at the time such Lender becomes a party to this Agreement (other than pursuant to Sections 3.11 and 3.12), except to the extent that such Lender’s assignor (if any) was entitled, at the time of assignment, to receive
additional amounts from the Borrower with respect to such Non-Excluded Taxes pursuant to this paragraph or (iii) that are United States withholding taxes imposed under FATCA. In addition to any obligations under Section 9.12, if any
applicable law requires the deduction or withholding of any tax from any such payment by a withholding agent, then the applicable withholding agent shall be entitled to make such deduction or withholding and shall pay the full amount deducted or
withheld to the relevant Governmental Authority in accordance with applicable law and if such tax is a Non-Excluded Tax (that is not a tax described in clauses (i) through (iii) above) or Other Tax, then the sum payable by the applicable
Loan Party shall be increased as discussed above. 
 (b) In addition, the Borrower shall pay any Other Taxes to the relevant
Governmental Authority in accordance with applicable law. 
 (c) The Loan Parties shall jointly and severally indemnify each
Agent or Lender, within 10 days after demand therefor, for the full amount of any Non-Excluded Taxes that are not described in clauses (i) through (iii) in Section 3.9(a) above (including such Non-Excluded Taxes imposed or
asserted on or attributable to amounts payable under this Section) payable or paid by such Agent or Lender or required to be withheld or deducted from a payment to such Agent or Lender and any reasonable expenses arising therefrom or with respect
thereto, whether or not such Non-Excluded Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate setting forth in reasonable detail the nature and the amount of such payment or liability delivered
to the Borrower by a Lender (with a copy to the Administrative Agent), or by the Administrative Agent on its own behalf or on behalf of a Lender, shall be conclusive absent manifest error. 

(d) Whenever any Non-Excluded Taxes or Other Taxes are payable by the Borrower or any other Loan Party, as promptly as possible
thereafter the Borrower shall send to the Administrative Agent for its own account or for the account of the relevant Agent or Lender, as the case may be, a certified copy of an original official receipt showing payment thereof or other evidence of
payment reasonably satisfactory to such Person. If the Borrower or any other Loan Party fails to pay any Non-Excluded Taxes (other than taxes described in clause (i) through (iii) of Section 3.9(a)) or Other Taxes when due to
the appropriate taxing authority or the Borrower fails to remit to the Administrative Agent the required receipts or other required documentary evidence, the Borrower shall indemnify the Agents and the Lenders for any Non-Excluded Taxes and Other
Taxes and any incremental taxes, interest or penalties that may become payable by any Agent or any Lender as a result of any such failure. 

(e) Each Lender shall severally indemnify the Administrative Agent, within 10 days after demand therefor, for (i) any Non-Excluded Taxes attributable to such Lender (but only to the extent that any Loan Party has not already indemnified the Administrative Agent for such 

  
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Non-Excluded Taxes and without limiting the obligation of the Loan Parties to do so), (ii) any taxes attributable to such Lender’s failure to comply with the provisions of
Section 10.6(e) relating to the maintenance of a Participant Register and (iii) any taxes attributable to such Lender, in each case, that are payable or paid by the Administrative Agent in connection with any Loan Document, and any
reasonable expenses arising therefrom or with respect thereto, whether or not such 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
any Lender by the Administrative Agent shall be conclusive in the absence of manifest error. Each Lender hereby authorizes the Administrative Agent to set off and apply any and all amounts at any time owing to such Lender under any Loan Document or
otherwise payable by the Administrative Agent to the Lender from any other source against any amount due to the Administrative Agent under this paragraph (e). 

(f) Any Lender that is entitled to an exemption from or reduction of withholding Tax with respect to payments made under any
Loan Document shall 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, shall 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 Section 3.9(g),
(i) and (l) below) shall 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. In addition, each Lender shall deliver such forms promptly upon the obsolescence or invalidity of any form previously delivered by such Lender. Notwithstanding any other provision of this
paragraph, a Lender shall not be required to deliver any form pursuant to this paragraph that such Lender is not legally able to deliver. Each Non-U.S. Lender shall promptly notify the Borrower and the Administrative Agent at any time it determines
that it is no longer in a position to provide any previously delivered form (or any other form of certification adopted by the U.S. taxing authorities for such purpose). 

(g) Each Lender (including any Transferee) that is not a “United States person” as defined in
Section 7701(a)(30) of the Code (a “Non-U.S. Lender”) shall deliver to the Borrower and the Administrative Agent (or, in the case of a Participant, to the Lender from which the related
participation shall have been purchased) two copies of either United States Internal Revenue Service Form W-8BEN or Form W-8BEN-E, Form W-8ECI, Form W-8IMY (together with all required attachments) or
Form W-8EXP, or, in the case of a Non-U.S. Lender claiming exemption from United States federal withholding tax under Section 871(h) or 881(c) of the Code with
respect to payments of “portfolio interest”, a statement substantially in the form of Exhibit E and a Form W-8BEN, Form W-8BEN-E, Form W-8IMY or any subsequent versions thereof or successors thereto, properly completed and
duly executed by such Non-U.S. Lender claiming complete exemption from, or a reduced rate of, United States federal withholding tax on all payments under this Agreement and the other Loan Documents. Such forms
shall be delivered by each Non-U.S. Lender on or before the date it becomes a party to this Agreement (or, in the case of any Participant, on or before the date such Participant purchases the related
participation). 

  
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 (h) Any Non-U.S. Lender shall, 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 Non-U.S. Lender becomes a Lender under this Agreement (and from time to time thereafter upon
the reasonable request of the Borrower or the Administrative Agent), executed copies of 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. 

(i) Each Lender (including any Transferee) that is not a Non-U.S. Lender shall furnish to the Borrower and the Administrative
Agent (or, in the case of a Participant, its participating Lender), on or prior to the date it becomes a party to this Agreement (or, in the case of a Participant, the date it acquires its participation), two accurate and complete originally
executed copies of United States Internal Revenue Service Form W-9 (or successor form) establishing that such Lender is not subject to United States backup withholding. 

(j) If any Agent or any Lender determines, in its sole discretion, that it has received a refund of any Non-Excluded Taxes or
Other Taxes as to which it has been indemnified by the Borrower or with respect to which the Borrower has paid additional amounts pursuant to this Section 3.9, it shall pay over such refund to the Borrower (but only to the extent of
indemnity payments made, or additional amounts paid, by the Borrower under this Section 3.9 with respect to the Non-Excluded Taxes or Other Taxes giving rise to such refund), net of all out-of-pocket expenses of such 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, upon the request of such Agent or such Lender, agrees to repay the amount paid over to the
Borrower (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) to such Agent or such Lender in the event such Agent or such Lender is required to repay such refund to such Governmental Authority. This
paragraph shall not be construed to require any Agent or any Lender to make available its tax returns (or any other information relating to its taxes which it deems confidential) to the Borrower or any other Person. 

(k) The obligations of the Borrower pursuant to this Section 3.9 shall survive the termination of this Agreement and the
payment of the Loans and all other amounts payable hereunder. 
 (l) If a payment made to a Lender under this Agreement may
be subject to United States federal withholding tax under FATCA, such 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 and such additional documentation reasonably requested by the Borrower or the Administrative Agent to comply with its withholding obligations, to determine that such Lender has
complied with such Lender’s obligations under FATCA or to determine the amount to deduct and withhold from such payment. Solely for purposes of this Section 3.9(l), “FATCA” shall include any amendments made to FATCA after
the date of this Agreement. 
 3.10 Breakage Payments. In the event of (a) default by the Borrower in making a borrowing of,
conversion into or continuation of Eurodollar Loans after the Borrower has given a notice requesting the same in accordance with the provisions of this Agreement, (b) default by the Borrower in making any prepayment of or conversion from
Eurodollar Loans after the Borrower has given a notice thereof in accordance with the provisions of this Agreement or (c) the making of a prepayment of 

  
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Eurodollar Loans on a day that is not the last day of an Interest Period with respect thereto, then, in any such event, the Borrower shall compensate each Lender for the loss, cost and expense
attributable to such event. Such loss, cost or expense to any Lender may include an amount equal to the excess, if any, of (i) the amount of interest that would have accrued on the amount so prepaid, or not so borrowed, converted or continued,
for the period from the date of such prepayment or of such failure to borrow, convert or continue to the last day of such Interest Period (or, in the case of a failure to borrow, convert or continue, the Interest Period that would have commenced on
the date of such failure) in each case at the applicable Eurodollar Rate for such Loans provided for herein over (ii) the amount of interest (as reasonably determined by such Lender) that would have accrued to such Lender on such amount by
placing such amount on deposit for a comparable period with leading banks in the interbank eurodollar market. A certificate as to any amounts payable pursuant to this Section submitted to the Borrower by any Lender shall be conclusive in the absence
of manifest error. The obligations of the Borrower pursuant to this Section 3.10 shall survive the termination of this Agreement and the payment of the Loans and all other amounts payable hereunder. 

3.11 Change of Lending Office. Each Lender agrees that, upon the occurrence of any event giving rise to the operation of
Sections 3.8 or 3.9(a) with respect to such Lender, it will, if requested by the Borrower, use reasonable efforts (subject to overall policy considerations of such Lender) to designate another lending office for any Loans affected
by such event with the object of avoiding the consequences of such event; provided, that such designation is made on terms that, in the sole judgment of such Lender, cause such Lender and its lending office(s) to suffer no economic, legal or
regulatory disadvantage, and provided, further, that nothing in this Section shall affect or postpone any of the obligations of the Borrower or the rights of any Lender pursuant to Sections 3.8 or 3.9(a). 

3.12 Replacement of Lenders. The Borrower shall, at its sole expense and effort, be permitted to replace any Lender that
(a) requests reimbursement for amounts owing pursuant to Sections 3.8 or 3.9(a), or (b) is a Non-Consenting Lender, or (c) becomes a Defaulting Lender hereunder, with a replacement financial institution that is an
Eligible Assignee; provided that (i) such replacement does not conflict with any Requirement of Law, (ii) no Event of Default shall have occurred and be continuing at the time of such replacement, (iii) prior to any such
replacement, such Lender shall have taken no action under Section 3.11 so as to eliminate the continued need for payment of amounts owing pursuant to Sections 3.8 or 3.9(a), (iv) such replacement financial
institution shall purchase, at par, all Loans and other amounts owing to, or accrued for the benefit of, such replaced Lender on or prior to the date of replacement, (v) the Borrower shall be liable to such replaced Lender under
Section 3.10 if any Eurodollar Loan owing to such replaced Lender shall be purchased other than on the last day of the Interest Period relating thereto, (vi) the replacement financial institution, if not already a Revolving Lender,
shall be reasonably satisfactory to the Administrative Agent and, in the case of any replacement Revolving Lender, the Issuing Lender, (vii) the replaced Lender shall be obligated to make such replacement in accordance with the provisions of
Section 10.6 (provided that the Borrower shall be obligated to pay the registration and processing fee referred to therein); provided that any such replaced Lender shall be deemed to have consented to the assignment and
delegation of its interests, rights and obligations if it does not execute and deliver an Assignment and Assumption to the Administrative Agent within one Business Day after having received a request therefor, (viii) until such time as such
replacement shall be consummated, the Borrower shall pay all additional amounts (if any) required pursuant to Sections 3.8 or 3.9(a), as the case may be, and (ix) any such replacement shall not be deemed to be a waiver of any
rights that the Borrower, the Administrative Agent or any other Lender shall have against the replaced Lender. 
 3.13 Evidence of
Debt. (a) Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing indebtedness of the Borrower to such Lender resulting from each Loan of such Lender from time to time, including the amounts of
principal and interest payable and paid to such Lender from time to time under this Agreement. 

  
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 (b) The Administrative Agent, acting solely for this purpose as a non-fiduciary agent of the
Borrower, shall maintain the Register pursuant to Section 10.6(b)(iv), and a subaccount therein for each Lender, in which shall be recorded (i) the amount of each Loan made hereunder and any Note evidencing such Loan, the Type of
such Loan and each Interest Period applicable thereto, (ii) the amount of any principal or interest due and payable or to become due and payable from the Borrower to each Lender hereunder and (iii) both the amount of any sum received by
the Administrative Agent hereunder from the Borrower and each Lender’s share thereof. 
 (c) The entries made in the Register and the
accounts of each Lender maintained pursuant to Section 3.13(a) shall, to the extent permitted by applicable law, be prima facie evidence of the existence and amounts of the obligations of the Borrower therein recorded;
provided, however, that the failure of any Lender or the Administrative Agent to maintain the Register or any such account, or any error therein, shall not in any manner affect the obligation of the Borrower to repay (with applicable
interest) the Loans made to the Borrower by such Lender in accordance with the terms of this Agreement. 
 (d) The Borrower, upon receipt of
written notice from the relevant Lender, agrees to issue Notes to any Lender requiring Notes. 
 3.14 Illegality. Notwithstanding any
other provision herein, if the adoption of or any change in any Requirement of Law or in the interpretation or application thereof shall make it unlawful for any Lender to make or maintain Eurodollar Loans as contemplated by this Agreement,
(a) the commitment of such Lender hereunder to make Eurodollar Loans, continue Eurodollar Loans as such and convert Base Rate Loans to Eurodollar Loans shall forthwith be canceled and (b) such Lender’s Loans then outstanding as
Eurodollar Loans, if any, shall be converted automatically to Base Rate Loans on the respective last days of the then current Interest Periods with respect to such Loans or within such earlier period as required by law. If any such conversion of a
Eurodollar Loan occurs on a day which is not the last day of the then current Interest Period with respect thereto, the Borrower shall pay to such Lender such amounts, if any, as may be required pursuant to Section 3.10. 

3.15 Incremental Facilities. (a) The Borrower may, by written notice to the Administrative Agent from time to time
(i) request the establishment of up to three incremental term loan facilities (each, an “Incremental Term Loan Facility” and collectively, the “Incremental Term Loan Facilities”) in an aggregate amount,
together with any Incremental Revolving Commitment, not to exceed the Incremental Amount and subject to the terms of Sections 3.15(b) and 3.15(e) below from one or more Incremental Term Loan Lenders (which may include any existing
Lender) willing to provide such Incremental Term Loans in their sole discretion and/or (ii) request an increase in the Revolving Commitments (an “Incremental Revolving Commitment” and, together with all Incremental Term Loan
Facilities, the “Incremental Facilities”) in an aggregate amount not to exceed $50,000,000 and, together with any Incremental Term Loan Facilities, not to exceed the Incremental Amount and subject to the terms of Sections
3.15(c) and 3.15(e) below from one or more Incremental Revolving Lenders (which may include any existing Lender) willing to provide such Incremental Revolving Commitments in their own discretion; provided, that each Incremental
Term Loan Lender and/or Incremental Revolving Lender, if not already a Revolving Lender hereunder, shall be (x) subject to the approval of the Administrative Agent (which approval shall not be unreasonably withheld) and, in the case of any such
Incremental Revolving Lenders, the Issuing Lender and (y) an Eligible Assignee. Such notice shall set forth (i) the amount of the Incremental Term Loan Commitments and/or Incremental Revolving Commitments being requested (which shall be
(1) with respect to Incremental Term Loans, in minimum amounts of $25,000,000 and in increments of $1,000,000 in excess thereof, (2) with respect to Incremental Revolving Commitments, in minimum amounts of $5,000,000 and increments of
$1,000,000 in excess thereof, or (3)

  
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equal to the remaining Incremental Amount), (ii) the date on which such Incremental Term Loan Commitments and/or Incremental Revolving Commitments are requested to become effective (the
“Increased Amount Date”), and (iii) pro forma financial statements demonstrating compliance on a Pro Forma Basis with the financial covenants set forth in Section 7.1 and the requirement set forth in
Section 3.15(e)(iv) after giving effect to such Incremental Term Loan Commitments and/or Incremental Revolving Commitments and the Loans to be made thereunder (without netting any cash proceeds thereof or of any Incremental Term Loan
Facility for purposes of clause (a) of the definition of Consolidated First Lien Leverage Ratio) and the application of the proceeds therefrom (including by giving pro forma effect to any permitted Investments financed thereby) as if made and
applied on the date of the most-recent financial statements of the Borrower delivered pursuant to Section 6.1. 

(b) The Borrower and each Incremental Term Loan Lender shall execute and deliver to the Administrative Agent an Incremental
Assumption Agreement and such other documentation as the Administrative Agent shall reasonably specify to evidence the Incremental Term Loan Commitment of such Incremental Term Loan Lender. Each Incremental Assumption Agreement shall specify the
terms of the Incremental Term Loan Commitments to be requested thereunder; provided, that, without the prior written consent of the Required Lenders, (i) no proceeds of any Loans made on the closing date of any Incremental Term Loan
Commitments shall be used to make any Restricted Payment, (ii) subject to Section 3.15(b)(v), the terms and conditions of any such Incremental Term Loans (other than terms affecting Weighted Average Yield of such Incremental Term
Loans) shall be no less favorable or more restrictive in any material respect as to the Borrower or any of its Subsidiaries than the terms of the Revolving Facility unless such terms and conditions of the Revolving Facility are amended on or prior
to the relevant Increased Amount Date so that the terms of the Revolving Facility are consistent in all material respects with the terms and conditions of such Incremental Term Loans, (iii) the Weighted Average Life to Maturity of all
Incremental Term Loans of any series shall be no shorter than the Weighted Average Life to Maturity of the Revolving Loans or any of the then existing Incremental Term Loans (if any) (whichever is longest), (iv) the applicable maturity date of
each series of Incremental Term Loans shall be no shorter than the latest of the final maturity of the Revolving Loans or any of the then existing Incremental Term Loans (if any), (v) the Weighted Average Yield applicable to the Incremental
Term Loans of each series shall be determined by Borrower and the applicable new Lenders and shall be set forth in each applicable Incremental Assumption Agreement; provided, however, that the Weighted Average Yield applicable to the
Incremental Term Loans of each series shall not be greater than the applicable Weighted Average Yield payable pursuant to the terms of this Agreement as amended through the date of such calculation with respect to Revolving Loans and the then
existing Incremental Term Loans (if any), plus 0.50% per annum unless the interest rates with respect to the Revolving Loans or the then existing Incremental Term Loans, as applicable, are increased so as to cause the then
applicable Weighted Average Yield under this Agreement on the Revolving Loans and the then existing Incremental Term Loans, as applicable, to equal the Weighted Average Yield then applicable to the Incremental Term Loans, less
0.50% per annum and (vi) with respect to the initial Incremental Term Loan and initial Incremental Term Loan Commitments incurred pursuant to this Section 3.15, all other terms of if not consistent with the terms of the
Revolving Loans must be reasonably acceptable to the Administrative Agent and the Majority Revolving Lenders (as determined without having regard to the commitments of the Lenders with respect to the relevant Incremental Term Loans). The
Administrative Agent shall promptly notify each Lender as to the effectiveness of each Incremental Assumption Agreement. Each of the parties hereto hereby agrees that, upon the effectiveness of any Incremental Assumption Agreement, this Agreement
shall be amended (or amended and restated) to the extent necessary (as determined by the Administrative Agent and the Majority Revolving Lenders acting reasonably) to reflect the existence and terms of the Incremental Term Loan Commitments evidenced
thereby. Any such 

  
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amendment (or amendment and restatement) may be memorialized in writing by the Administrative Agent with the Borrower’s consent (not to be unreasonably withheld) and furnished to the other
parties hereto. 
 (c) The Borrower and each Incremental Revolving Lender shall execute and deliver to the Administrative
Agent an Incremental Assumption Agreement and such other documentation as the Administrative Agent shall reasonably specify to evidence the Incremental Revolving Commitment of such Incremental Revolving Lender. The terms of any Incremental Revolving
Commitments shall be identical to those with respect to the existing Revolving Commitments. The Administrative Agent shall promptly notify each Lender as to the effectiveness of each Incremental Assumption Agreement. Each of the parties hereto
hereby agrees that, upon the effectiveness of any Incremental Assumption Agreement, this Agreement shall be amended (or amended and restated) to the extent necessary (as determined by the Administrative Agent and the Majority Revolving Lenders
acting reasonably) to reflect the existence and terms of the Incremental Revolving Commitments evidenced thereby. Any such amendment (or amendment and restatement) may be memorialized in writing by the Administrative Agent with the Borrower’s
consent (not to be unreasonably withheld) and furnished to the other parties hereto. 
 (d) Upon any Increased Amount Date on
which Incremental Revolving Commitments are effected through an increase in the Revolving Commitments pursuant to this Section 3.15, (i) each of the Revolving Lenders shall assign to each of the Incremental Revolving Lenders, and
each of the Incremental Revolving Lenders shall purchase from each of the Revolving Lenders, at the principal amount thereof, such interests in the Incremental Revolving Loans outstanding on such Increased Amount Date as shall be necessary in order
that, after giving effect to all such assignments and purchases, such Revolving Loans will be held by existing Revolving Lenders and Incremental Revolving Lenders ratably in accordance with their Revolving Commitments after giving effect to the
addition of such Incremental Revolving Commitments to the Revolving Commitments, (ii) each Incremental Revolving Commitment shall be deemed for all purposes a Revolving Commitment and each Loan made thereunder shall be deemed, for all purposes,
a Revolving Loan and (iii) each Incremental Revolving Lender shall become a Revolving Lender with respect to the Incremental Revolving Commitments and all matters relating thereto. The Administrative Agent and the Lenders hereby agree that the
minimum borrowing and prepayment requirements contained elsewhere in this Agreement shall not apply to the transactions effected pursuant to the immediately preceding sentence. 

(e) Notwithstanding the foregoing, no Incremental Facility shall become effective under this Section 3.15 unless
(i) on the date of such effectiveness, the conditions set forth in Section 5.2 shall be satisfied and the Administrative Agent shall have received a certificate to that effect dated such date and executed by a Responsible Officer of
the Borrower, (ii) the Administrative Agent shall have received legal opinions, board resolutions and other closing certificates and documentation as required by the relevant Incremental Assumption Agreement and consistent with those delivered
on the Closing Date under Section 5.1 and such additional documents and filings (including amendments to the Mortgages (the “Mortgage Amendments”) and amendments to the other Security Documents and title date down and
modification endorsements to the Title Policies insuring such Mortgage Amendments and bringing the date of coverage of such Title Policies and all endorsements thereto forward to the date of recordation of the applicable Mortgage Amendments) as the
Administrative Agent may reasonably require to assure that the Incremental Facilities are secured by the Collateral ratably with the existing Revolving Loans or existing Incremental Facilities (as applicable), (iii) the Borrower and its
Subsidiaries would be in compliance with the financial covenants set forth in Section 7.1 on a Pro 

  
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Forma Basis after giving effect to such Incremental Facilities and the Loans to be made thereunder (and assuming a full drawing of any such Incremental Revolving Commitments (but without netting
any cash proceeds thereof or of any Incremental Term Loan Facility for purposes of clause (a) of the definition of Consolidated First Lien Leverage Ratio)) and the application of the proceeds therefrom as if made and applied on such date and
(iv) the Consolidated First Lien Leverage Ratio does not exceed 2.00 to 1.00 on a Pro Forma Basis after giving effect to such Incremental Facilities and the Loans to be made thereunder and the application of the proceeds therefrom as if made
and applied on such date. 
 3.16 Defaulting Lenders. Notwithstanding any provision of this Agreement to the contrary, if any Lender
becomes a Defaulting Lender, then the following provisions shall apply for so long as such Lender is a Defaulting Lender: 

(a) fees shall cease to accrue on the Revolving Commitment of such Defaulting Lender pursuant to Section 2.3; 

(b) the Aggregate Exposure of such Defaulting Lender shall not be included in determining whether all Lenders or the Required
Lenders or the Majority Revolving Lenders have taken or may take any action hereunder (including any consent to any amendment or waiver pursuant to Section 10.1), provided that any waiver, amendment or modification requiring the
consent of all Lenders or each affected Lender which affects such Defaulting Lender differently than other affected Lenders shall require the consent of such Defaulting Lender; 

(c) if any Letter of Credit is outstanding at the time a Lender becomes a Defaulting Lender then (i) to the extent that,
after giving effect to the reallocation described in this clause (i), (x) the total Revolving Extensions of Credit (other than any Revolving Extensions of Credit constituting outstanding Revolving Loans made by any Defaulting Lender but
including each Defaulting Lender’s L/C Obligation as determined prior to giving effect to other provisions of this Section 3.16) does not exceed the Total Revolving Commitments (excluding the Revolving Commitment of any Defaulting
Lender except to the extent of any outstanding Revolving Loans of such Defaulting Lender) and (y) the conditions set forth in Section 5.2 are satisfied at such time, all or any part of the L/C Obligation shall be reallocated among
all non-Defaulting Lenders by disregarding the Revolving Commitments of all Defaulting Lenders for purposes of calculating each non-Defaulting Lender’s Aggregate Exposure Percentage (in which case, the Aggregate Exposure Percentage of each
Defaulting Lender for purposes of determining such Defaulting Lender’s L/C Obligation shall be deemed to be zero), and (ii) to the extent the reallocation described in the preceding clause (i) cannot be effected, the Borrower shall
within one Business Day following notice by the Administrative Agent cash collateralize such Defaulting Lender’s L/C Obligation (after giving effect to any partial reallocation pursuant to clause (i)) in accordance with the procedures set forth
in this Agreement for so long as such L/C Obligation is outstanding; 
 (d) (i) if the Borrower cash collateralizes any
portion of such Defaulting Lender’s L/C Obligations pursuant to Section 3.16(c), the Borrower shall not be required to pay any fees to such Defaulting Lender pursuant to Section 2.7(a) with respect to such Defaulting
Lender’s L/C Obligations during the period such Defaulting Lender’s L/C Obligations are cash collateralized; 

(ii) if the L/C Obligations of the non-Defaulting Lenders are reallocated pursuant to Section 3.16(c), then the
fees payable to the Lenders pursuant to Section 2.3(a) and Section 2.7(a) shall be adjusted proportionately to reflect such reallocation; and 

(iii) if any Defaulting Lender’s L/C Obligations are neither cash collateralized nor reallocated pursuant to
Section 3.16(c), then, without prejudice to any rights or remedies of the Issuing Lender or any Lender hereunder, all fees that otherwise would have been payable to such Defaulting Lender pursuant to Section 2.7(a) with
respect to such Defaulting Lender’s L/C Obligations shall be payable to the Issuing Lender until such L/C Obligations are cash collateralized and/or reallocated; 

  
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 (e) for purposes of determining the amount of the Total Revolving Commitments for
purposes of Section 2.5 (but not Section 2.1), the Revolving Commitment of each Defaulting Lender shall be excluded therefrom (other than any portion of such Revolving Commitment pursuant to which there is then outstanding a
Revolving Loan from such Defaulting Lender), and, for avoidance of doubt, the Issuing Lender shall not be required to issue, amend or increase any Letter of Credit unless it has received assurances satisfactory to it that non-Defaulting Lenders will
cover the related exposure and/or the Borrower has provided cash collateral in respect of the exposure of such Defaulting Lender satisfactory to it; and 

(f) any amount payable to such Defaulting Lender hereunder (whether on account of principal, interest, fees or otherwise and
including any amount that would otherwise be payable to such Defaulting Lender pursuant to Section 10.7(a)), other than under Section 3.12, shall, in lieu of being distributed to such Defaulting Lender, be retained by the
Administrative Agent in a segregated account and, subject to any applicable requirements of law, be applied at such time or times as may be determined by the Administrative Agent (i) first, to the payment of any amounts owing by such Defaulting
Lender to the Administrative Agent hereunder, (ii) second, pro rata, to the payment of any amounts owing by such Defaulting Lender to the Issuing Lender hereunder, (iii) third, if so determined by the Administrative Agent or requested by
the Issuing Lender, held in such account as cash collateral for future funding obligations of the Defaulting Lender in respect of any existing participating interest in any Letter of Credit then outstanding, (iv) fourth, to the funding of any
Loan in respect of which such Defaulting Lender has failed to fund its portion thereof as required by this Agreement, as determined by the Administrative Agent, (v) fifth, if so determined by the Administrative Agent and the Borrower, held in
such account as cash collateral for future funding obligations of the Defaulting Lender in respect of any Loans or Letters of Credit made or issued thereafter under this Agreement, (vi) sixth, to the payment of any amounts owing to the Lenders
or the Issuing Lender as a result of any judgment of a court of competent jurisdiction obtained by any Lender or the Issuing Lender against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this
Agreement, (vii) seventh, 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 such Defaulting Lender as a result of such Defaulting Lender’s
breach of its obligations under this Agreement, and (viii) eighth, to such Defaulting Lender or as otherwise directed by a court of competent jurisdiction; provided that if such payment is (x) a prepayment of the principal amount of
any Loans or reimbursement obligations in respect of Letter of Credit disbursements which a Defaulting Lender has funded its participation obligations and (y) made at a time when the conditions set forth in Section 5.2 are
satisfied, such payment shall be applied solely to prepay the Loans of, and reimbursement obligations owed to, all non-Defaulting Lenders pro rata prior to being applied to the prepayment of any Loans, or reimbursement obligations owed to, any
Defaulting Lender. 
 In the event that the Administrative Agent, the Borrower and the Issuing Lender each agrees that a Defaulting Lender
has adequately remedied all matters that caused such Lender to be a Defaulting Lender, then the L/C Obligations of the Lenders shall be readjusted to reflect the inclusion of such Lender’s Revolving Commitment and on such date such Lender shall
purchase at par such of the Revolving Loans of the other Revolving Lenders as the Administrative shall determine may be necessary in order for such Lender to hold such Revolving Loans in accordance with its Aggregate Exposure Percentage. 

  
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 SECTION 4. REPRESENTATIONS AND WARRANTIES 

To induce the Agents, the Lenders and the Issuing Lender to enter into this Agreement and to make the Loans and issue or participate in the
Letters of Credit, the Borrower hereby represents and warrants to each Agent, each Lender and the Issuing Lender that: 
 4.1 Financial
Condition. The audited consolidated balance sheets of the Borrower as at December 31, 2012, December 31, 2013 and December 31, 2014 and the related consolidated statements of income and of cash flows for the fiscal years
ended on December 31, 2012, December 31, 2013 and December 31, 2014, reported on by and accompanied by an unqualified report from Deloitte & Touche LLP, present fairly in all material respects the consolidated financial
condition of the Borrower as at such dates, and the consolidated results of its operations and its consolidated cash flows for the fiscal years then ended. All such financial statements, including the related schedules and notes thereto, have been
prepared in accordance with GAAP applied consistently throughout the periods involved (except as approved by the aforementioned firm of accountants and disclosed therein). No Group Member has any material Guarantee Obligations, contingent
liabilities and liabilities for taxes, or any long term leases or unusual forward or long term commitments, including any interest rate or foreign currency swap or exchange transaction or other obligation in respect of derivatives that are not
reflected in the most recent financial statements referred to in this paragraph. During the period from December 31, 2014 to and including the date hereof there has been no Disposition by the Borrower of any material part of its business or
property. 
 4.2 No Change. Since December 31, 2014, there has been no development or event that has had or could reasonably be
expected to have a Material Adverse Effect. 
 4.3 Corporate Existence; Compliance with Law. Each Group Member (a) is duly
organized, validly existing and in good standing under the laws of the jurisdiction of its organization, (b) has the power and authority, and the legal right, to own and operate its property, to lease the property it operates as lessee and to
conduct the business in which it is currently engaged, (c) is duly qualified as a foreign corporation or other organization and in good standing under the laws of each jurisdiction where its ownership, lease or operation of property or the
conduct of its business requires such qualification and (d) is in compliance with all Requirements of Law except, in the case of clauses (c) and (d), to the extent that the failure to comply therewith could not, in the aggregate,
reasonably be expected to have a Material Adverse Effect. 
 4.4 Power; Authorization; Enforceable Obligations. Each Loan Party has
the power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of the Borrower, to obtain extensions of credit hereunder. Each Loan Party has taken all necessary organizational
action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of the Borrower, to authorize the extensions of credit on the terms and conditions of this Agreement. No consent or
authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority or any other Person is required in connection with the extensions of credit hereunder or with the execution, delivery, performance, validity or
enforceability of this Agreement or any of the Loan Documents, except (i) consents, authorizations, filings and notices described in Schedule 4.4, which consents, authorizations, filings and notices have been obtained or made and
are in full force and effect except as otherwise noted on such Schedule 4.4 and (ii) the filings referred 

  
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to in Section 4.19. Each Loan Document has been duly executed and delivered on behalf of each Loan Party party thereto. This Agreement constitutes, and each other Loan Document upon
execution will constitute, a legal, valid and binding obligation of each Loan Party party thereto, enforceable against each such Loan Party in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency,
reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law). 

4.5 No Legal Bar. The execution, delivery and performance of this Agreement and the other Loan Documents, the issuance of Letters of
Credit, the borrowings hereunder and the use of the proceeds thereof will not violate any Requirement of Law or any Contractual Obligation of any Group Member and will not result in, or require, the creation or imposition of any Lien on any of their
respective properties or revenues pursuant to any Requirement of Law or any such Contractual Obligation (other than the Liens created by the Security Documents). No Requirement of Law or Contractual Obligation applicable to the Borrower or any of
its Subsidiaries could reasonably be expected to have a Material Adverse Effect. 
 4.6 Litigation. No litigation, investigation or
proceeding of or before any arbitrator or Governmental Authority is pending or, to the knowledge of the Borrower, threatened by or against any Group Member or against any of their respective properties or revenues (a) with respect to any of the
Loan Documents or any of the transactions contemplated hereby or thereby or (b) that could reasonably be expected to have a Material Adverse Effect. 

4.7 No Default. No Group Member is in default under or with respect to any of its Contractual Obligations in any respect that could
reasonably be expected to have a Material Adverse Effect. No Default or Event of Default has occurred and is continuing. 
 4.8 Ownership
of Property; Liens. Each Material Group Member has title in fee simple to, or a valid leasehold interest in, all its material real property currently used in its business, and good title to, or a valid leasehold interest in, all its other
material property currently used in its business, excluding minor defects in title that do not interfere with the use of such real or personal property for their intended purposes, and none of such property is subject to any Lien, except as
permitted by Section 7.3. 
 4.9 Intellectual Property. Each Group Member owns or is licensed to use or otherwise has the
right to use all of the Intellectual Property, free of material Liens (other than Liens permitted pursuant to Section 7.3), necessary for the conduct of its business in all material respects as currently conducted. Any Intellectual
Property necessary for the conduct of its business in all material respects as currently conducted that is owned or exclusively licensed by any Group Member is valid, subsisting, unexpired and enforceable, and has not been abandoned. No claim,
litigation, investigation or other proceeding has been asserted, is pending, or to the knowledge of the Borrower, is threatened by any Person involving any Intellectual Property owned or exclusively licensed by any Group Member, nor does the
Borrower know of any valid basis for the same, in any case where such claim, litigation, investigation or other proceeding could reasonably be expected to have a Material Adverse Effect. The conduct of each Group Member’s business does not
infringe, misappropriate, dilute or violate any rights held by any other Person, and to the Borrower’s knowledge, each Group Member’s Intellectual Property is not being infringed, misappropriated, diluted or violated by any other Person,
in any case where any such infringement, misappropriation or violation could reasonably be expected to have a Material Adverse Effect. Each Group Member takes commercially reasonable steps to maintain and protect its Intellectual Property that is
material to the conduct of its business. 

  
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 4.10 Taxes. Each Group Member has filed or caused to be filed all Federal, state and other
material tax returns that are required to be filed and has paid all taxes shown to be due and payable on said returns or on any assessments made against it or any of its property and all other taxes, fees or other charges imposed on it or any of its
property by any Governmental Authority (other than any tax, fee or charge, the amount or validity of which is currently being contested in good faith by appropriate proceedings and with respect to which reserves in conformity with GAAP have been
provided on the books of the Borrower or its Subsidiaries, as the case may be); no tax Lien has been filed, and, to the knowledge of the Borrower, no claim out of which a tax Lien could reasonably be expected to arise is being asserted, with respect
to any such tax, fee or other charge, except any such Lien being contested as aforesaid as to which sale or other enforcement action has been stayed as a result of such contest. 

4.11 Federal Regulations. No part of the proceeds of any Loans, and no other extensions of credit hereunder, will be used (a) for
“buying” or “carrying” any “margin stock” within the respective meanings of each of the quoted terms under Regulation U as now and from time to time hereafter in effect or (b) for any purpose that violates the
provisions of the Regulations of the Board. No more than 25% of the assets of the Group Members consist of “margin stock” as so defined. If requested by any Lender or the Administrative Agent, the Borrower will furnish to the
Administrative Agent and each Lender a statement to the foregoing effect in conformity with the requirements of FR Form G-3 or FR Form U-1, as applicable, referred to in Regulation U.

 4.12 Labor Matters. Except as would not reasonably be expected, individually or in the aggregate, to result in a Material Adverse
Effect: (a) there are no strikes, work stoppages, slowdowns, lockouts or other labor disputes against or involving any Group Member existing, pending or, to the knowledge of the Borrower, threatened; (b) hours worked by and payment made to
employees of each Group Member have not been in violation of the Fair Labor Standards Act or any other applicable Requirement of Law dealing with such matters; and (c) all payments due from any Group Member on account of employee health and
welfare insurance have been paid or accrued as a liability on the books of the relevant Group Member. As of the Closing Date, except as set forth on Schedule 4.12, (i) there is no collective bargaining or similar agreement with any
union, labor organization, works council or similar representative covering any employee of any Group Member or any Subsidiary of any Group Member, (ii) no petition for certification or election of any such representative is existing or pending
with respect to any employee of any Group Member or any Subsidiary of any Group Member and (iii) to the knowledge of the Borrower, no such representative has sought certification or recognition with respect to any employee of any Group Member
or any Subsidiary of any Group Member. 
 4.13 ERISA. As of the date of this Agreement, there are no Plans or Multiemployer Plans
that are subject to the laws of any jurisdiction outside the United States. Except as would not reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect: (a) each Plan has complied in all material
respects with the applicable provisions of ERISA and the Code; (b) there are no existing or pending (or to the knowledge of Borrower, threatened) claims (other than routine claims for benefits in the normal course), sanctions, actions, lawsuits
or other proceedings or investigation involving any Plan to which any Group Member has incurred or otherwise has an obligation or any Liability; (c) no Reportable Event or non-exempt Prohibited Transaction has occurred; (d) prior to the
effective date of the PPA, no “accumulated funding deficiency” (within the meaning of Section 412 of the Code or Section 302 of ERISA), and on and after the effective date of the PPA, no failure to satisfy the minimum funding
standards (within the meaning of Sections 412 or 430 of the Code or Section 302 or ERISA) with respect to any Plan, whether or not waived, has occurred; (e) there has been no filing pursuant to Section 412(c) of the Code or
Section 302(c) of ERISA of an application for a waiver of the minimum funding standard with respect to any Plan, no failure to make by its due date a required installment under Section 430(j) of the Code with respect to any Plan, or
failure by Borrower or any Commonly Controlled Entity to make a required contribution to a Multiemployer Plan; (f) neither the Borrower nor any Commonly Controlled Entity has incurred any liability under Title IV of ERISA with

  
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respect to the termination of any Plan, including but not limited to the imposition of any Lien in favor of the PBGC or any Plan; (g) there has been no determination that any Plan is in
“at risk” status within the meaning of Section 430 of the Code or Section 303 of ERISA; (h) neither the Borrower nor any Commonly Controlled Entity has received any notice from the PBGC or a plan administrator of any notice
relating to an intention to terminate any Plan or to appoint a trustee to administer any Plan under Section 4042 of ERISA; (i) neither the Borrower nor any Commonly Controlled Entity has incurred any liability with respect to the
withdrawal or partial withdrawal from any Plan or Multiemployer Plan; (j) neither the Borrower nor any Commonly Controlled Entity has received any notice, or sent any notice to any Multiemployer Plan, concerning the imposition of Withdrawal
Liability or a determination that a Multiemployer Plan is Insolvent, in Reorganization or in “endangered” or “critical” status within the meaning of Section 432 of the Code or Section 305 of ERISA; and (k) neither
the Borrower nor any Commonly Controlled Entity has withdrawn 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. 

4.14 Investment Company Act; Other Regulations. No Loan Party is an “investment company”, or a company “controlled”
by an “investment company”, within the meaning of the Investment Company Act of 1940, as amended. No Loan Party is subject to regulation under any Requirement of Law (other than Regulation X of the Board) that limits its ability to
incur Indebtedness. 
 4.15 Subsidiaries. Except as set forth on Schedule 4.15 or otherwise disclosed to the Administrative
Agent by the Borrower in writing from time to time after the Closing Date, (a) Schedule 4.15 sets forth the name and jurisdiction of organization of each Subsidiary and, as to each such Subsidiary, the percentage of each class of
Capital Stock owned by any Loan Party and (b) there are no outstanding subscriptions, options, warrants, calls, rights or other agreements or commitments (other than stock options granted to employees or directors and directors’ qualifying
shares) of any nature relating to any Capital Stock of the Borrower or any Subsidiary, except as created by the Loan Documents. 
 4.16
Use of Proceeds. The proceeds of the Revolving Loans shall be used together with the proceeds of the Letters of Credit for any general corporate purposes (including the refinancing of existing debt outstanding under the credit agreement
referred to in Section 5.1(c)). 
 4.17 Environmental Matters. Except as, in the aggregate, could not reasonably be
expected to have a Material Adverse Effect: 
 (a) the facilities and properties owned, leased or operated by any Group
Member (the “Properties”) do not contain, and have not previously contained, any Materials of Environmental Concern in amounts or concentrations or under circumstances that constitute or constituted a violation of, or could give
rise to liability under, any Environmental Law, result in costs to the Borrower, or impair the value of the Properties; 

(b) no Group Member has received or is aware of any notice of violation, alleged violation, non-compliance, liability or
potential liability regarding environmental matters or compliance with Environmental Laws with regard to any of the Properties or the business operated by any Group Member (the “Business”), nor does the Borrower have knowledge or
reason to believe that any such notice will be received or is being threatened; 
 (c) Materials of Environmental Concern
have not been transported or disposed of from the Properties in violation of, or in a manner or to a location that could give rise to liability under, any Environmental Law, nor have any Materials of Environmental Concern been generated, treated,
stored or disposed of at, on or under any of the Properties in violation of, or in a manner that could give rise to liability under, any applicable Environmental Law, result in costs to the Borrower, or impair the value of the Properties; 

  
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 (d) no judicial proceeding or governmental or administrative action is pending
or, to the knowledge of the Borrower, threatened, under any Environmental Law or relating to Materials of Environmental Concern to which any Group Member is or will be named as a party with respect to the Properties or the Business, nor are there
any consent decrees or other decrees, consent orders, administrative orders or other orders, or other administrative or judicial requirements outstanding under any Environmental Law or relating to Materials of Environmental Concern with respect to
the Properties or the Business; 
 (e) there has been no release or threat of release of Materials of Environmental Concern
at or from the Properties, or arising from or related to the operations of any Group Member in connection with the Properties or otherwise in connection with the Business, in violation of or in amounts or in a manner that could give rise to
liability under Environmental Laws, result in costs to the Borrower, or impair the value of the Properties; 
 (f) the
Properties and all operations at the Properties are in compliance, and have in the last five years been in compliance, with all applicable Environmental Laws, and there is no contamination at, under or about the Properties or violation of any
Environmental Law with respect to the Properties or the Business; and 
 (g) no Group Member has assumed, by contract or by
operation of law, any liability of any other Person under Environmental Laws. 
 4.18 Accuracy of Information, etc. No statement or
information contained in this Agreement, any other Loan Document or any other document, certificate or statement furnished by or on behalf of any Loan Party to the Administrative Agent or the Lenders, or any of them, for use in connection with the
transactions contemplated by this Agreement or the other Loan Documents, contained as of the date such statement, information, document or certificate was so furnished, any untrue statement of a material fact or omitted to state a material fact
necessary to make the statements contained herein or therein not misleading. The projections and pro forma financial information contained in the materials referenced above are based upon good faith estimates and assumptions believed by management
of the Borrower to be reasonable at the time made, it being recognized by the Lenders that such financial information as it relates to future events is not to be viewed as fact and that actual results during the period or periods covered by such
financial information may differ from the projected results set forth therein by a material amount. There is no fact known to any Loan Party that could reasonably be expected to have a Material Adverse Effect that has not been expressly disclosed
herein, in the other Loan Documents or in any other documents, certificates and statements furnished to the Administrative Agent and the Lenders for use in connection with the transactions contemplated hereby and by the other Loan Documents. 

4.19 Security Documents. (a) The Guarantee and Collateral Agreement is effective to create in favor of the Collateral Trustee, for
the benefit of the Secured Parties, a legal, valid and enforceable security interest in the Collateral described therein and proceeds thereof. In the case of the Pledged Stock (as defined in the Guarantee and Collateral Agreement), when stock
certificates representing such Pledged Stock are delivered to the Administrative Agent (together with a properly completed and signed stock power or endorsement), and in the case of the other Collateral described in the Guarantee and Collateral
Agreement, when financing statements and other filings specified on 

  
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Schedule 4.19(a) in appropriate form are filed in the offices specified on Schedule 4.19(a), and the other actions specified in the Guarantee and Collateral Agreement are
taken, the Guarantee and Collateral Agreement shall create a fully perfected Lien on, and security interest in, all right, title and interest of the Loan Parties in such Collateral and the proceeds thereof as contemplated by the Guarantee and
Collateral Agreement, as security for the Obligations (as defined in the Guarantee and Collateral Agreement), in each case prior and superior in right to any other Person (except, in the case of Collateral other than Pledged Stock, Liens permitted
by Section 7.3). 
 (b) Each of the Mortgages is effective to create in favor of the Secured Parties a legal,
valid and enforceable Lien on the Mortgaged Properties described therein and proceeds thereof, and when the Mortgages are filed in the offices specified on Schedule 4.19(b)(i), each such Mortgage shall constitute a fully perfected Lien
on, and security interest in, all right, title and interest of the Loan Parties in the Mortgaged Properties and the proceeds thereof, as security for the Secured Indebtedness (as defined in the relevant Mortgage), in each case prior and superior in
right to any other Person (except Liens and other encumbrances and matters affecting title thereto as permitted by Section 7.3). Schedule 4.19(b)(ii) lists, as of the Closing Date, each movie theatre property that is owned or
leased by any Loan Party, in each case located in the United States and held by the Borrower or any of its Subsidiaries. 
 4.20
Solvency. Each Loan Party is, and after giving effect to the incurrence of all Indebtedness and obligations being incurred in connection herewith will be and will continue to be, Solvent. 

4.21 Regulation H. No Mortgage encumbers improved real property that is located in an area that has been identified by the Federal
Emergency Management Agency as an area having special flood hazards and in which flood insurance has been made available under the Flood Insurance Laws, unless flood insurance of the type described in clause (iii) of Part 1 of
Schedule 6.13 has been provided with respect to such property. 
 4.22 Anti-Corruption Laws and Sanctions. The Borrower
has implemented and maintains in effect policies and procedures designed to ensure compliance by the Borrower, its Subsidiaries and their respective directors, officers, employees and agents with Anti-Corruption Laws and applicable Sanctions, and
the Borrower, its Subsidiaries and their respective officers and employees and, to the knowledge of the Borrower its directors and agents, are in compliance with Anti-Corruption Laws and applicable Sanctions in all material respects. None of
(a) the Borrower, any Subsidiary or any of their respective directors, officers or employees, or (b) to the knowledge of the Borrower, any agent of the Borrower or any Subsidiary that will act in any capacity in connection with or benefit
from any credit facility established hereby, is a Sanctioned Person. No borrowing hereunder or Letter of Credit, use of proceeds or other transaction contemplated by the Transaction will violate any Anti-Corruption Law or applicable Sanctions that
are applicable to (i) any Loan Party or (ii) to the Borrower’s knowledge, the Agents, the Lenders or the Issuing Lender. 

SECTION 5. CONDITIONS PRECEDENT 

5.1 Conditions to Initial Extension of Credit. The agreement of each Lender to make the initial extension of credit requested to be
made by it is subject to the satisfaction, prior to or on the Closing Date, of the following conditions precedent: 
 (a)
Credit Agreement; Collateral Trust Agreement; Guarantee and Collateral Agreement. The Administrative Agent shall have received (i) this Agreement executed and delivered by the Administrative Agent, the Syndication Agent, the Borrower and
each Person that 

  
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is a Lender as of the Closing Date, (ii) the Guarantee and Collateral Agreement, executed and delivered by the Borrower and each Subsidiary Guarantor; (iii) an Acknowledgement and
Consent in the form attached to the Guarantee and Collateral Agreement, executed and delivered by each Issuer (as defined therein), if any, that is not a Loan Party; (iv) the Control Agreement, executed and delivered by the parties thereto; and
(v) the Collateral Trust Agreement, executed and delivered by the parties thereto. 
 (b) Consummation of
Transactions Contemplated by Senior Secured Notes Documents. (w) The aggregate proceeds of the Senior Secured Notes, the initial borrowings under this Agreement and the Borrower’s available cash on hand shall be sufficient to refinance
all Indebtedness outstanding under the credit agreement described in Section 5.1(c) and to pay the Transaction Costs, (x) the Senior Secured Notes shall have been issued, or shall be issued concurrently with the initial borrowings
under this Agreement, (y) all conditions to the issuance of the Senior Secured Notes set forth in the Senior Secured Notes Indenture shall have been satisfied or the fulfillment of any such conditions shall have been waived (which waiver, to
the extent adverse in any material respect to the Lenders, shall have been approved by the Administrative Agent, such approval not to be unreasonably withheld or delayed) and (z) the Administrative Agent shall have received a fully executed or
conformed copy of each Senior Secured Notes Document and any documents executed in connection therewith. 
 (c)
Termination of Existing Credit Facility. The Administrative Agent shall have received satisfactory evidence that all amounts outstanding under the Credit Agreement, dated as of April 27, 2012 (as amended), among the Borrower, the several
lenders parties thereto, Macquarie Capital (USA) Inc., as sole lead arranger and sole bookrunner, and Macquarie US Trading LLC, as administrative agent and syndication agent, shall have been repaid, all commitments thereunder shall have been
terminated and all liens securing and all guarantees supporting such facilities shall have been terminated, or agreed to be terminated pursuant to a pay-off letter reasonably satisfactory to the Administrative Agent. 

(d) Financial Statements. The Lenders shall have received the financial statements described in Section 4.1
and such financial statements shall not, in the reasonable judgment of the Lenders, reflect any material adverse change in the consolidated financial condition of the Borrower. 

(e) Approvals. All governmental and material third party approvals necessary or, in the reasonable judgment of the
Administrative Agent, advisable in connection with the financing contemplated hereby shall have been obtained and be in full force and effect (excluding consents of landlords where, despite the commercially reasonable efforts of the Borrower, such
consents and other documentation required for collateral security to be granted in favor of the Administrative Agent in respect of the relevant leased property shall not be obtained as of the Closing Date). 

(f) Lien Searches. The Administrative Agent shall have received the results of a recent lien search in each of the
jurisdictions where assets of the Loan Parties are located, and such search shall reveal no liens on any of the assets of the Loan Parties except for liens permitted by Section 7.3 or discharged on or prior to the Closing Date pursuant
to documentation reasonably satisfactory to the Administrative Agent. 
 (g) Fees. The Lenders and the Agents shall
have received all fees required to be paid and all expenses for which invoices have been presented (including the reasonable fees and expenses of legal counsel) before the Closing Date. All such amounts will be paid with proceeds of Loans made on
the Closing Date and will be reflected in the funding instructions given by the Borrower to the Administrative Agent on or before the Closing Date. 

  
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 (h) Closing Certificate; Certified Certificate of Incorporation; Good Standing
Certificates. The Administrative Agent shall have received (i) a certificate of each Loan Party, dated the Closing Date, substantially in the form of Exhibit F, with appropriate insertions and attachments including the
certificate or articles of organization of each Loan Party certified by the relevant authority of the jurisdiction of organization of such Loan Party, and (ii) a long form good standing certificate for each Loan Party from its jurisdiction of
organization. 
 (i) Legal Opinions. The Administrative Agent shall have received the following executed legal
opinions: 
 (i) the legal opinion of King & Spalding LLP, counsel to the Borrower and its Subsidiaries; and 

(ii) the legal opinion of local counsel in each jurisdiction in which a Group Member is organized (except with respect to the
jurisdiction of organization of any immaterial Group Member to the extent agreed to by the Administrative Agent in its discretion) and of such other special and local counsel as may be reasonably required by the Administrative Agent. 

Each such legal opinion shall cover such matters incident to the transactions contemplated by this Agreement as the
Administrative Agent may reasonably require and shall be reasonably acceptable to the Administrative Agent. 
 (j) Pledged
Stock; Stock Powers; Pledged Notes. The Administrative Agent shall have received (i) the certificates representing the shares of Capital Stock pledged pursuant to the Guarantee and Collateral Agreement, together with an undated stock power
for each such certificate executed in blank by a duly authorized officer of the pledgor thereof and (ii) each promissory note (if any) pledged to the Administrative Agent pursuant to the Guarantee and Collateral Agreement endorsed (without
recourse) in blank (or accompanied by an executed transfer form in blank) by the pledgor thereof. 
 (k) [Reserved].

 (l) Filings, Registrations and Recordings. Each document (including any Uniform Commercial Code financing
statement) required by the Security Documents or under law or reasonably requested by the Administrative Agent to be filed, registered or recorded in order to create in favor of the Administrative Agent, for the benefit of the Lenders, a
perfected Lien on the Collateral described therein, prior and superior in right to any other Person (other than with respect to Liens expressly permitted by Section 7.3), shall be in proper form for filing, registration or recordation.

 (m) Solvency Certificate. The Administrative Agent shall have received a solvency certificate from the chief
financial officer of the Borrower as to the solvency of the Borrower and Subsidiaries after giving effect to the financing contemplated herein, in a form reasonably satisfactory to the Administrative Agent. 

(n) Environmental Condition. The Borrower shall have made available to the Administrative Agent the Borrower’s
existing information as to, and the Administrative Agent shall be reasonably satisfied with, the environmental condition of the real property owned or leased by the Borrower and its Subsidiaries. 

(o) Insurance. The Administrative Agent shall have received insurance certificates satisfying the requirements of
Section 5.3(b) of the Guarantee and Collateral Agreement. 

  
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 For the purpose of determining compliance with the conditions specified in this Section 5.1, each
Lender that has signed this Agreement shall be deemed to have accepted, and to be satisfied with, each document or other matter required under this Section 5.1 unless the Administrative Agent shall have received written notice from such
Lender prior to the proposed Closing Date specifying its objection thereto. 
 5.2 Conditions to Each Extension of Credit. The
agreement of each Lender to make any extension of credit requested to be made by it on any date (including its initial extension of credit) and any extension of the Revolving Termination Date pursuant to Section 2.13 is subject to the
satisfaction of the following conditions precedent: 
 (a) Representations and Warranties. Each of the representations
and warranties made by any Loan Party in or pursuant to the Loan Documents shall be true and correct in all material respects on and as of such date as if made on and as of such date, except to the extent such representations and warranties
specifically relate to an earlier date, in which case such representations and warranties shall have been true and correct in all material respects on and as of such earlier date. 

(b) Pro Forma Covenant Compliance. The Borrower and its Subsidiaries shall be in compliance with the financial covenants
set forth in Section 7.1 on a Pro Forma Basis after giving effect to the extensions of credit requested to be made on such date and the application of the proceeds thereof; provided that with respect to the Consolidated First Lien
Leverage Ratio set forth in Section 7.1, if the proceeds of the Revolving Facility or any Incremental Term Loans are intended to be applied to finance a permitted acquisition, the Borrower and its Subsidiaries shall be in compliance with
a Consolidated First Lien Leverage Ratio that is 0.25x lower than the level set forth in Section 7.1. 
 (c)
No Default. No Default or Event of Default shall have occurred and be continuing on such date or after giving effect to the extensions of credit requested to be made on such date. 

(d) Borrowing Notice. The Administrative Agent shall have received a fully executed borrowing notice in accordance with
Section 2.2, or, in the case of the issuance, amendment, extension or renewal of a Letter of Credit, the Issuing Lender and the Administrative Agent shall have received a notice requesting the issuance, amendment, extension or renewal of
such Letter of Credit in accordance with Section 2.6(a). 
 Each borrowing by and issuance of a Letter of Credit on behalf of the Borrower
hereunder and any extension of the Revolving Termination Date shall constitute a representation and warranty by the Borrower as of the date of such extension of credit that the conditions contained in this Section 5.2 have been
satisfied. 

  
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 SECTION 6. AFFIRMATIVE COVENANTS 

The Borrower hereby agrees that, so long as the Revolving Commitments remain in effect, any Letter of Credit remains outstanding or any Loan
or other amount is owing to any Lender or Agent hereunder, the Borrower shall and shall cause each of its Subsidiaries to: 
 6.1
Financial Statements. Furnish to the Administrative Agent and each Lender: 
 (a) as soon as available, but in any
event within 90 days after the end of each fiscal year of the Borrower, a copy of the audited consolidated balance sheet of the Borrower and its consolidated Subsidiaries as at the end of such year and the related audited consolidated
statements of income and of cash flows for such year, setting forth in each case in comparative form the figures for the previous year, reported on without a “going concern” or like qualification or exception or explanatory paragraph, or
qualification or exception or explanatory paragraph arising out of the scope of the audit, by Deloitte & Touche LLP or other independent certified public accountants of nationally recognized standing; and 

(b) as soon as available, but in any event not later than 45 days after the end of each of the first three fiscal quarters of
each fiscal year of the Borrower, the unaudited consolidated balance sheet of the Borrower and its consolidated Subsidiaries as at the end of such quarter and the related unaudited consolidated statements of income and of cash flows for such quarter
and the portion of the fiscal year through the end of such quarter, setting forth in each case in comparative form the figures for the previous year, certified by a Responsible Officer as being fairly stated in all material respects (subject to
normal year-end audit adjustments). 
 All such financial statements shall be complete and correct in all material
respects and shall be prepared in reasonable detail and in accordance with GAAP applied consistently throughout the periods reflected therein and with prior periods (except as approved by such accountants or officer, as the case may be, and
disclosed in reasonable detail therein). 
 Documents required to be delivered pursuant to this Section 6.1 may be delivered electronically and
if so delivered, shall be deemed to have been delivered to each Lender on the date on which such documents are posted on the Borrower’s behalf on IntraLinks 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 the Borrower shall deliver paper copies of such documents to the Administrative Agent for further distribution to each
Lender upon written request of Administrative Agent or such Lender. 
 6.2 Certificates; Other Information. Furnish to the
Administrative Agent and each Lender (or, in the case of clause (i), to the relevant Lender): 
 (a) concurrently with the
delivery of the financial statements referred to in Section 6.1(a), a written statement of the independent certified public accountants reporting on such financial statements stating that in making the examination necessary therefor no
knowledge was obtained of the existence of any Default or Event of Default, except as specified in such statement (it being understood that such examination will have extended only to financial accounting matters and that no special or separate
inquiry or review will have been made with respect to the existence of any Defaults or Events of Default), unless applicable professional standards or practices preclude such accountants from furnishing such written statement; 

(b) concurrently with the delivery of any financial statements pursuant to Section 6.1, (x) a Compliance
Certificate containing all information and calculations necessary for determining compliance by each Group Member with the provisions of this Agreement 

  
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referred to therein as of the last day of the fiscal quarter or fiscal year of the Borrower, as the case may be, and, if applicable, for determining the Applicable Margins and Commitment Fee
Rate, and stating that to the knowledge of the Responsible Officer no Default or Event of Default has occurred and is continuing except as described in reasonable detail in such Compliance Certificate, and (y) to the extent not previously
disclosed to the Administrative Agent (1) a description of any change in the jurisdiction of organization of any Loan Party, (2) a list of any Intellectual Property developed or acquired by any Loan Party which is registered in, issued by,
or applied for in the United States Patent and Trademark Office, the United States Copyright Office, or any similar office or registry anywhere in the world, as well as a list of any “intent-to-use” trademark applications owned by a Loan
Party for which it has filed a statement of use or amendment to allege use with respect thereto since the delivery of the previous list of Intellectual Property pursuant to this Section 6.2(b) (or, in the case of the first such report so
delivered, since the Closing Date), and (3) a description of any Person that has become a Group Member, in each case since the date of the most recent report delivered pursuant to this clause (y) (or, in the case of the first such report
so delivered, since the Closing Date); 
 (c) as soon as available, and in any event no later than 45 days after the end
of each fiscal year of the Borrower, a detailed consolidated budget for the following fiscal year (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 cash flow, projected changes in financial position and projected income and a description of the underlying assumptions applicable thereto), and, as soon as available, significant revisions, if any, of such
budget and projections with respect to such fiscal year (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 based on the assumptions set forth therein and other assumptions in each case believed by the Borrower to be reasonable at such time (it being understood that the Projections and other forward looking information are not to be
viewed as facts and are subject to significant uncertainties and contingencies, many of which are beyond the Borrower’s control, that no assurances can be given that any particular projections or results will be realized, and that actual
results may differ and that such differences may be material); 
 (d) if the Borrower is not then a reporting company or
otherwise complying with reporting company requirements under the Securities Exchange Act of 1934, as amended, within 45 days after the end of each fiscal quarter of the Borrower, or 90 days, in the case of the last fiscal quarter of any fiscal
year, a narrative discussion and analysis of the financial condition and results of operations of the Borrower and its Subsidiaries for such fiscal quarter and for the period from the beginning of the then current fiscal year to the end of such
fiscal quarter, as compared to the portion of the Projections covering such periods and to the comparable periods of the previous year; 

(e) no later than five Business Days prior to the effectiveness thereof, copies of substantially final drafts of any proposed
amendment, supplement, waiver or other modification with respect to any documentation governing Junior Debt; 
 (f) within
five Business Days after the same are sent, copies of all financial statements and reports that the Borrower sends to the holders of any class of its debt securities or public equity securities and, within three Business Days after the same are
filed, notice of the filing of all periodic reports that the Borrower may make to, or file with, the SEC; 
 (g) promptly
upon receipt thereof, copies of all management letters and similar reports and documents submitted to the Borrower by independent accountants in connection with any annual or interim audit of the books of the Borrower made by such accountants; 

  
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 (h) promptly upon effectiveness thereof, copies of any agreements between the
Borrower or any Subsidiary and Screenvision Cinema National, LLC (or any affiliate or successor thereto) and any material amendment, supplement, waiver or other modification of such agreements; provided that nothing herein shall be deemed to
require delivery by the Borrower or any such Subsidiary of any documents or information in breach or violation of any confidentiality or other non-disclosure agreement that may be in effect with respect to such documents or information; and 

(i) promptly, such additional financial and other information as any Lender, through the Administrative Agent, may from time to
time reasonably request. 
 Documents required to be delivered pursuant to this Section 6.2 may be delivered electronically and if so delivered,
shall be deemed to have been delivered to each Lender on the date on which such documents are posted on the Borrower’s behalf on IntraLinks 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 the Borrower shall deliver paper copies of such documents to the Administrative Agent for further distribution to each Lender upon
written request of Administrative Agent or such Lender. 
 6.3 Payment of Obligations. Pay, discharge or otherwise satisfy at or
before maturity or before they become delinquent, as the case may be, all its material obligations of whatever nature, except where the amount or validity thereof is currently being contested in good faith by appropriate proceedings and reserves in
conformity with GAAP with respect thereto have been provided on the books of the relevant Group Member. 
 6.4 Maintenance of Existence;
Compliance. (a) (i) Preserve, renew and keep in full force and effect its organizational existence and (ii) take all reasonable action to maintain all rights, privileges and franchises necessary or desirable in the normal conduct
of its business, except, in each case, as otherwise permitted by Section 7.4 and except, in the case of clause (ii) above, to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect; 

(b) comply with all Contractual Obligations and Requirements of Law except to the extent that failure to comply therewith could not, in the
aggregate, reasonably be expected to have a Material Adverse Effect; and 
 (c) maintain in effect and enforce policies and procedures
designed to ensure compliance by the Borrower, its Subsidiaries and their respective directors, officers, employees and agents with Anti-Corruption Laws and applicable Sanctions. 

6.5 Maintenance of Property; Insurance. (a) Keep all material property useful and necessary in its business in good working order
and condition, ordinary wear and tear excepted. 
 (b) Maintain with financially sound and reputable insurance companies insurance on all
its property in at least such amounts and against at least such risks (but including in any event public liability, product liability, business interruption and flood insurance with respect to any applicable Mortgaged Property as required hereunder
and under applicable law) as are customarily insured against in the same general area by companies engaged in the same or a similar business, in each case giving effect to reasonable self-insurance levels and deductibles. 

  
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 6.6 Inspection of Property; Books and Records; Discussions. (a) Keep proper books of
records and account in which full, true and correct entries in conformity with GAAP and all Requirements of Law shall be made of all dealings and transactions in relation to its business and activities. 

(b) Permit representatives of any Lender to visit and inspect any of its properties and examine and make abstracts from any of its books and
records at any reasonable time during normal business hours upon reasonable prior notice and as often as may reasonably be desired and to discuss the business, operations, properties and financial and other condition of the Group Members with
officers and employees of the Group Members and with their independent certified public accountants, provided, that the Borrower is provided reasonable prior notice of any discussions with such accountants and is afforded an opportunity to
participate in such discussions. 
 6.7 Notices. Promptly give notice to the Administrative Agent and each Lender of: 

(a) the occurrence of any Default or Event of Default; 

(b) any (i) default or event of default under any Contractual Obligation of any Group Member or (ii) litigation,
investigation or proceeding that may exist at any time between any Group Member and any Governmental Authority, that in either case, if not cured or if adversely determined, as the case may be, could reasonably be expected to have a Material Adverse
Effect; 
 (c) any litigation or proceeding affecting any Group Member (i) in which the amount involved is $2,000,000 or
more and not covered by insurance, (ii) in which material injunctive or similar relief is sought or (iii) which relates to any Loan Document; 

(d) any of the following events, as soon as possible and in any event within 30 days after the Borrower knows or has reason to
know thereof: (i) the occurrence of any Reportable Event or non-exempt Prohibited Transaction, (ii) a failure to satisfy the minimum funding standards (within the meaning of Sections 412 or 430 of the Code or Section 302 of ERISA),
with respect to a Plan, whether or not waived, or a filing, pursuant to Section 412(c) of the Code or Section 302(c) of ERISA of an application for a waiver of the minimum funding standard with respect to any Plan; (iii) a failure by
the Borrower or any Commonly Controlled Entity to make by its due date a required installment under Section 430(j) of the Code with respect to any Plan, or a failure by Borrower or any Commonly Controlled Entity to make a required contribution
to a Multiemployer Plan; (iv) the incurrence by the Borrower or any Commonly Controlled Entity of liability under Title IV of ERISA with respect to the termination of any Plan, including but not limited to the creation of any Lien in favor of
the PBGC or any Plan; (v) the determination that any Plan is in “at risk” status within the meaning of Section 430 of the Code or Section 303 of ERISA; (vi) the receipt by Borrower or any Commonly Controlled Entity of
any notice from the PBGC or a plan administrator relating to an intention to terminate any Plan or to appoint a trustee to administer any Plan under Section 4042 of ERISA; (vii) the incurrence by the Borrower or any Commonly Controlled
Entity of any liability with respect to the withdrawal or partial withdrawal from any Plan or Multiemployer Plan; (viii) the receipt by the Borrower or any Commonly Controlled Entity of any notice, or sending by the Borrower or any Commonly
Controlled Entity of any notice to any Multiemployer Plan, concerning the imposition of Withdrawal Liability or a determination that a Multiemployer Plan is Insolvent, in Reorganization, or in “endangered” or “critical” status
within the meaning of Section 432 of the Code or Section 305 of ERISA; or (ix) the withdrawal by the Borrower or any Commonly Controlled Entity 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; 

  
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 (e) copies of any documents described in Sections 101(k) or 101(l) of
ERISA that the Borrower or any Commonly Controlled Entity may request with respect to any Multiemployer Plan; provided, that if the Borrower or any Commonly Controlled Entity has not requested such documents or notices from the administrator
or sponsor, as the case may be, of the applicable Multiemployer Plan, then, upon reasonable request of the Administrative Agent, the Borrower and/or its Commonly Controlled Entities shall promptly make a request for such documents or notices from
such administrator or sponsor, as the case may be, and the Borrower shall provide copies of such documents and notices to the Administrative Agent promptly after receipt thereof; and provided, further, that the rights granted to the
Administrative Agent in this Section shall be exercised not more than once during a 12-month period; and 
 (f) any
development or event that has had or could reasonably be expected to have a Material Adverse Effect. 
 Each notice pursuant to this Section 6.7
shall be accompanied by a statement of a Responsible Officer setting forth details of the occurrence referred to therein and stating what action the Borrower or the relevant Subsidiary proposes to take with respect thereto. 

6.8 Environmental Laws. (a) Comply and use commercially reasonable efforts to ensure compliance by all tenants and subtenants, if
any, with all applicable Environmental Laws, and obtain and comply with and maintain, and use commercially reasonable efforts to ensure that all tenants and subtenants obtain and comply with and maintain, any and all licenses, approvals,
notifications, registrations or permits required by applicable Environmental Laws, in each case where failure to so comply could reasonably be expected to have a Material Adverse Effect. 

(b) Conduct and complete all investigations, studies, sampling and testing, and all remedial, removal and other actions required under
Environmental Laws and promptly comply with all lawful orders and directives of all Governmental Authorities regarding Environmental Laws, except where any such requirements or compliance is being contested in good faith by appropriate proceedings.

 6.9 Landlord Consents. The Borrower will use commercially reasonable efforts to obtain from landlords of ground leased real
property leased by such Loan Party consents and other documentation (including, without limitation, recorded leases or recorded memoranda of leases) reasonably satisfactory to the Administrative Agent for the grant of leasehold Mortgages on such
properties and the recordation of such Mortgages, in each case as may be required herein. To the extent any leasehold Mortgage cannot be recorded on the Closing Date, the Borrower will use commercially reasonable efforts to do or cause to be done
all acts and things that may be required to have all such Mortgages recorded no later than (i) 15 days after the date of this Agreement with respect to recording any such Mortgage on ground leased real property delivered on the date of this
Agreement and (ii) 120 days after the date of this Agreement with respect to delivering and recording any Mortgage on ground leased real property leased as of the Closing Date that is delivered after the date of this Agreement. 

6.10 Additional Collateral, etc. (a) With respect to any property acquired after the Closing Date by any Loan Party (other than
(x) any property described in paragraph (b), (c) or (d) below and (y) property acquired by any Excluded Foreign Subsidiary) as to which the Collateral Trustee, for the benefit of the Lenders and the Administrative Agent and
any other Priority Lien Secured Parties (as defined in the Collateral Trust Agreement), does not have a perfected Lien, promptly (i) execute and deliver to the Collateral Trustee and the Administrative Agent such agreements and documents, and
take such other actions, as may be required by the terms and conditions of the Guarantee and Collateral Agreement, that the Collateral Trustee or the Administrative Agent reasonably deems necessary or advisable to grant to the Collateral Trustee,
for the benefit of the Lenders and the Administrative Agent 

  
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and any other Priority Lien Secured Parties, a security interest in such property to the extent required by the terms and conditions of the Guarantee and Collateral Agreement, and (ii) take
all actions necessary or reasonably advisable to grant to the Collateral Trustee, for the benefit of the Lenders and the Administrative Agent and any other Priority Lien Secured Parties, a perfected first priority security interest in such property,
including the filing of Uniform Commercial Code financing statements in such jurisdictions as may be required by the Guarantee and Collateral Agreement or by law or as may be requested by the Administrative Agent. Notwithstanding the foregoing, no
such actions shall be required in respect of assets as to which the Administrative Agent shall determine in the exercise of its reasonable credit judgment that the costs of obtaining a Lien thereon are excessive in relation to the value of the
security to be afforded thereby. 
 (b) With respect to (i) any fee interest in any real property acquired in one or a
series of transactions after the Closing Date by the Borrower or any other Loan Party (including any such real property owned by any new Subsidiary Guarantor acquired after the Closing Date and excluding any such real property owned by an Excluded
Foreign Subsidiary), (ii) subject to the related Loan Party obtaining the required landlord consent and other documentation (including, without limitation, recorded leases or recorded memoranda of leases) (provided that each Loan Party
shall use commercially reasonable efforts to obtain such consent and other documentation), any ground lease interest in any real property acquired or leased (including any ground lease property interest owned by any new Subsidiary Guarantor acquired
after the Closing Date or any ground lease property interest with respect to which a required landlord consent is granted after the Closing Date) in one or a series of transactions after the Closing Date by the Borrower or any other Loan Party, and
(iii) the Snellville Property, to the extent a sale and leaseback transaction permitted under Section 7.10 is not consummated on or prior to September 1, 2015, no later than 90 days after the date the applicable interest in real
property is acquired (or with respect to the Snellville Property, November 30, 2015 and in each case or such later date as agreed to by the Administrative Agent in its sole discretion) (1) execute and deliver a first priority Mortgage (or
leasehold Mortgage, as applicable) in favor of the Collateral Trustee, for the benefit of the Priority Lien Secured Parties (as defined in the Collateral Trust Agreement), covering such real property or ground lease interest, (2) if requested
by the Administrative Agent, provide the Collateral Trustee with (x) title and extended coverage insurance covering such real property in an amount at least equal to the purchase price or construction cost of such real property or ground lease
interest (or such other amount as shall be reasonably specified by the Administrative Agent, but in no event in excess of the insurable value thereof) and (y) any consents, waivers or estoppels reasonably deemed necessary or advisable by the
Administrative Agent in connection with such Mortgage (or leasehold Mortgage, as applicable) and that the Borrower can obtain using commercially reasonable efforts, each of the foregoing in form and substance reasonably satisfactory to the
Administrative Agent, (3) if requested by the Administrative Agent, deliver to the Administrative Agent legal opinions relating to the matters described above, which opinions shall be in form and substance, and from counsel, reasonably
satisfactory to the Administrative Agent and (4) comply with Part 1 of Schedule 6.13 with respect to such Mortgaged Property. Notwithstanding the foregoing, no such actions shall be required in respect of such real
property or ground lease interest having a Fair Market Value less than $1,000,000 or as to which (i) the Administrative Agent shall otherwise determine in the exercise of its reasonable credit judgment that the costs of obtaining a Lien thereon
are excessive in relation to the value of the security to be afforded thereby, or (ii) at the Administrative Agent’s discretion to the extent such real property is located in a flood zone; provided that the Administrative Agent may
subsequently, upon giving notice to the Borrower, elect to no longer exclude real property previously excluded pursuant to this clause (ii) from the requirements set forth in this Section 6.10(b) and, upon such election, the
Borrower shall comply with Part 1 of Schedule 6.13 with respect to Mortgaged Property as though such real property had been newly acquired on the date of such election. 

  
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 (c) With respect to any new Subsidiary (other than an Excluded Subsidiary)
created or acquired after the Closing Date by any Group Member (which, for the purposes of this paragraph (c), shall include any existing Subsidiary that ceases to be an Excluded Foreign Subsidiary or an Immaterial Subsidiary), or any other
Subsidiary designated by the Borrower to become a Subsidiary Guarantor, promptly (i) execute and deliver to the Administrative Agent such amendments to the Guarantee and Collateral Agreement as the Administrative Agent reasonably deems
necessary or advisable to grant to the Collateral Trustee, for the benefit of the Lenders and the Administrative Agent, a perfected first priority security interest in the Capital Stock of such new Subsidiary that is owned by any Group Member,
(ii) deliver to the Collateral Trustee the certificates representing such Capital Stock, together with undated stock powers, in blank, executed and delivered by a duly authorized officer of the relevant Group Member, (iii) cause such new
Subsidiary (A) to become a party to the Guarantee and Collateral Agreement, (B) to take such actions necessary or advisable to grant to the Collateral Trustee for the benefit of the Lenders and the Administrative Agent a perfected first
priority security interest in the Collateral described in the Guarantee and Collateral Agreement with respect to such new Subsidiary, including the filing of Uniform Commercial Code financing statements in such jurisdictions as may be required by
the Guarantee and Collateral Agreement or by law or as may be requested by the Administrative Agent and (C) to deliver to the Administrative Agent a certificate of such Subsidiary, substantially in the form of Exhibit F, with
appropriate insertions and attachments, and (iv) if requested by the Administrative Agent, deliver to the Administrative Agent legal opinions relating to the matters described above, which opinions shall be in form and substance, and from
counsel, reasonably satisfactory to the Administrative Agent. Notwithstanding the foregoing, no such actions shall be required in respect of such assets as to which the Administrative Agent shall determine in the exercise of its reasonable credit
judgment that the costs of obtaining a Lien thereon are excessive in relation to the value of the security to be afforded thereby. 

(d) With respect to any new Excluded Foreign Subsidiary created or acquired after the Closing Date by any Group Member (other
than by any Group Member that is an Excluded Foreign Subsidiary), promptly (i) execute and deliver to the Collateral Trustee such amendments to the Guarantee and Collateral Agreement as the Administrative Agent reasonably deems necessary or
advisable to grant to the Collateral Trustee, for the benefit of the Lenders and the Administrative Agent, a perfected first priority security interest in the Capital Stock of such new Subsidiary that is owned by any such Group Member
(provided that in no event shall more than 66% of the total outstanding voting Capital Stock and 100% of the total outstanding non-voting Capital Stock of any such new Subsidiary be required to be so pledged), (ii) deliver to the
Administrative Agent the certificates representing such Capital Stock, together with undated stock powers, in blank, executed and delivered by a duly authorized officer of the relevant Group Member, as the case may be, and take such other action as
may be necessary or, as reasonably determined by the Administrative Agent, desirable to perfect the Collateral Trustee’s security interest therein, and (iii) if requested by the Administrative Agent, deliver to the Administrative Agent
legal opinions relating to the matters described above, which opinions shall be in form and substance, and from counsel, reasonably satisfactory to the Administrative Agent. Notwithstanding the foregoing, no such actions shall be required in respect
of such assets as to which the Administrative Agent shall determine in the exercise of its reasonable credit judgment that the costs of obtaining a Lien thereon are excessive in relation to the value of the security to be afforded thereby. 

6.11 Further Assurances. From time to time execute and deliver, or cause to be executed and delivered, such additional instruments,
certificates or documents (including, without limitation, mortgages, deeds of trust, deeds to secure debt or similar security instruments or amendments 

  
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thereto), and take all such actions (including, without limitation, the filing or recordation of mortgages, deeds of trust, deeds to secure debt or similar security instruments or amendments
thereto), as the Administrative Agent may reasonably request for the purposes of implementing or effectuating the provisions of this Agreement and the other Loan Documents, or of perfecting or renewing the rights of the Collateral Trustee and the
Secured Parties with respect to the Collateral (or with respect to any additions thereto or replacements or proceeds thereof or with respect to any other property or assets hereafter acquired by the borrower or any Subsidiary which may be deemed to
be part of the Collateral) pursuant hereto or thereto. Upon the exercise by the Collateral Trustee, the Administrative Agent or any Lender of any power, right, privilege or remedy pursuant to this Agreement or the other Loan Documents which requires
any consent, approval, recording, qualification or authorization of any Governmental Authority, the Borrower will execute and deliver, or will cause the execution and delivery of, all applications, certifications, instruments and other documents and
papers that the Collateral Trustee, the Administrative Agent or such Lenders may be required to obtain from the Borrower or any of its Subsidiaries for such governmental consent, approval, recording, qualification or authorization. 

6.12 Cash Management. The Borrower shall cause all theater revenues to be deposited into deposit accounts maintained by it or any of
its Subsidiaries and all funds contained in such deposit accounts to be swept not less frequently than once per week into the Borrower’s principal concentration deposit account, which shall be subject to the Control Agreement. 

6.13 Post-Closing Requirements. On or prior to the dates set forth in Schedule 6.13, the Borrower shall ensure the items
described on Schedule 6.13 are completed to the extent such items are not completed as of the Closing Date. 
 SECTION 7. NEGATIVE
COVENANTS 
 The Borrower hereby agrees that, so long as the Revolving Commitments remain in effect, any Letter of Credit remains
outstanding or any Loan or other amount is owing to any Lender or Agent hereunder, the Borrower shall not, and shall not permit any of its Subsidiaries to, directly or indirectly: 

7.1 Financial Condition Covenant. So long as at any time there are any outstanding Revolving Loans or L/C Obligations, permit
(1) the Consolidated First Lien Leverage Ratio as at the last day of any period of four consecutive fiscal quarters of the Borrower to exceed 3.00 to 1.00 or (2) the Consolidated Total Leverage Ratio as at the last day of any period of
four consecutive fiscal quarters of the Borrower to exceed 5.50 to 1.00. 
 7.2 Indebtedness. Create, issue, incur, assume, become
liable in respect of or suffer to exist any Indebtedness (or issue any Disqualified Stock, or permit any Subsidiary to issue any preferred Capital Stock), except: 

(a) Indebtedness of any Loan Party pursuant to any Loan Document; 

(b) Indebtedness of any Loan Party pursuant to the Senior Secured Notes, and the Specified Lease Obligations, in each case
together with any Permitted Refinancing Indebtedness in respect thereof; 
 (c) Indebtedness (i) of the Borrower to any
Subsidiary, (ii) of any Subsidiary Guarantor to the Borrower or any other Subsidiary, (iii) of any Foreign Subsidiary or Non-Guarantor Subsidiary to any Foreign Subsidiary or Non-Guarantor Subsidiary and (iv) of any Foreign Subsidiary
or Non-Guarantor Subsidiary to the Borrower or any Subsidiary Guarantor; 

  
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 (d) Indebtedness represented by Guarantees of Indebtedness of the Borrower or any
Subsidiary to the extent that such guaranteed Indebtedness was permitted to be incurred by another provision of this Section 7.2; provided that if the Indebtedness being guaranteed is subordinated to the Loans, then the Guarantee
must be subordinated to the Loans to the same extent as the Indebtedness guaranteed; 
 (e) Indebtedness outstanding on the
date hereof and listed on Schedule 7.2(e) and any Permitted Refinancing Indebtedness in respect thereof; 
 (f) any
Indebtedness represented by deferred compensation obligations to employees of the Borrower or its Subsidiaries incurred in the ordinary course of business; 

(g) any Indebtedness represented by Capital Lease Obligations, mortgage financings or purchase money obligations, in each case,
incurred for the purpose of financing all or any part of the purchase price or cost of design, construction, installation or improvement of property, plant or equipment used in the business of the Borrower or any of its Subsidiaries, in an aggregate
principal amount, including all Permitted Refinancing Indebtedness incurred to renew, refund, refinance, replace, defease or discharge any Indebtedness incurred pursuant to this clause (g), not to exceed $50,000,000 at any time outstanding; 

(h) Hedge Agreements permitted under Section 7.11; 

(i) Indebtedness incurred by the Borrower or any of its Subsidiaries arising from agreements providing for indemnification,
adjustment of purchase price, earn-out obligations or similar obligations, or from guarantees or letters of credit, surety bonds or performance bonds securing the performance of the Borrower or any Subsidiary pursuant to such agreements, in
connection with permitted acquisitions or permitted dispositions of any business, assets or Subsidiary of the Borrower or any of its Subsidiaries; 

(j) Indebtedness that may be deemed to exist pursuant to any guaranties, letters of credit, performance, surety, statutory or
appeal bonds or similar obligations, or workers’ compensation or self-insurance obligations, or financing of insurance premiums, incurred in the ordinary course of business; 

(k) Indebtedness in respect of netting services, overdraft protection and otherwise in connection with deposit accounts and
other Bank Product Obligations; 
 (l) guarantees in the ordinary course of business of the obligations of suppliers,
customers, franchisees and licensees of the Borrower and its Subsidiaries, and customary take-or-pay obligations contained in supply agreements; 

(m) Indebtedness of the Borrower or any of its Subsidiaries, in addition to that described in clauses (a) through
(l) above, that, at the time incurred or assumed, is permitted to be incurred or assumed under Section 4.09 of the Senior Secured Notes Indenture as in effect on the date hereof in an aggregate principal amount (for the Borrower and all
Subsidiaries) not to exceed $50,000,000; provided that such Indebtedness (x) may be unsecured, (y) may be secured by a Lien on Collateral, in which case such Lien shall be junior to the Lien on such Collateral securing the
Obligations and the representative of the holders of any such Indebtedness shall bind such holders to the Collateral Trust Agreement as holders of Parity Lien Debt Obligations (as defined in the Collateral Trust Agreement) by becoming a party
thereto as a Parity Lien Debt Representative (as defined in the Collateral Trust Agreement) or (z) may be secured by assets not 

  
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constituting Collateral pursuant to Section 7.3(s) hereof (the “General Debt Basket”); provided further that the aggregate principal amount of
Indebtedness permitted by this Section 7.2(m) to be incurred by Subsidiaries of the Borrower that are not Guarantors shall not exceed $10,000,000; 

(n) Indebtedness of the Borrower or any of its Subsidiaries that, so long as the Consolidated Total Leverage Ratio for the
Borrower’s most recently ended four full fiscal quarters for which internal financial statements are available immediately preceding the date on which such Indebtedness is incurred would have been no greater than 5.25 to 1.00, determined on a
Pro Forma Basis (including a pro forma application of the net proceeds therefrom), as if the Indebtedness had been incurred, and the net proceeds therefrom applied, at the beginning of such four-quarter period; provided, that Indebtedness
under this subsection (n) may only be incurred or assumed if (a) no Default or Event of Default has occurred and is continuing, (b) the applicable maturity date of such Indebtedness shall be no earlier than the latest of the final
maturity of the Revolving Loans or any of the then existing Incremental Term Loans (if any), (c) the Weighted Average Life to Maturity of such Indebtedness shall be no shorter than the Weighted Average Life to Maturity of the Revolving Loans or
any of the then existing Incremental Term Loans (if any) (whichever is longest) and (d) the General Debt Basket has been fully utilized; provided further that any such Indebtedness (x) may be unsecured or (y) may be
secured by a Lien on any Collateral, in which case such Lien shall be junior to the Lien on such Collateral securing the Obligations and the representative of the holders of any such Indebtedness shall bind such holders to the Collateral Trust
Agreement as holders of Parity Lien Debt Obligations (as defined in the Collateral Trust Agreement) by becoming a party thereto as a Parity Lien Debt Representative (as defined in the Collateral Trust Agreement); provided further that
the aggregate principal amount of Indebtedness permitted by this Section 7.2(n) to be incurred by Subsidiaries of the Borrower that are not Guarantors shall not exceed $10,000,000. 

7.3 Liens. Create, incur, assume or suffer to exist any Lien upon any of its property, whether now owned or hereafter acquired, except
for: 
 (a) Liens for taxes, assessments and other governmental charges and claims not yet due or that are being contested in
good faith by appropriate proceedings, provided that adequate reserves with respect thereto are maintained on the books of the Borrower or its Subsidiaries, as the case may be, in conformity with GAAP; 

(b) carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s or other like Liens arising in
the ordinary course of business that are not overdue for a period of more than 30 days or that are being contested in good faith by appropriate proceedings; 

(c) pledges or deposits in connection with workers’ compensation, unemployment insurance and other social security
legislation, and other insurance liabilities; 
 (d) deposits to secure the performance of bids, trade contracts (other than
for borrowed money), leases, statutory obligations, surety and appeal bonds, performance bonds and other obligations of a like nature (including letters of credit issued to assure payment of the foregoing) incurred in the ordinary course of
business; 
 (e) survey exceptions, easements, rights-of-way, restrictions and other similar encumbrances that, in the
aggregate, are not substantial in amount and that do not in any case materially detract from the value of the property subject thereto or materially interfere with the ordinary conduct of the business of the Borrower or any of its Subsidiaries; 

  
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 (f) Liens in existence on the date of this Agreement listed on Schedule
7.3(f) securing the Indebtedness described in Section 7.2(e), provided that no such Lien is spread to cover any additional property after the date of this Agreement and that the amount of Indebtedness secured thereby is not
increased; 
 (g) [Intentionally Omitted]; 

(h) Liens created pursuant to the Security Documents; 

(i) any interest or title of a lessor under (A) any lease entered into by the Borrower or any other Subsidiary in the
ordinary course of its business and covering only the assets so leased and (B) any lease evidencing any Specified Lease Obligations; 

(j) Liens solely on any cash earnest money deposits made by the Borrower or any of its Subsidiaries in connection with any
letter of intent or purchase agreement otherwise permitted hereby; 
 (k) purported Liens evidenced by the filing of
precautionary UCC financing statements relating to operating leases, bailments and consignments of personal property entered into in the ordinary course of business; 

(l) 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; 
 (m) non-exclusive licenses of patents, trademarks, copyrights, and other
Intellectual Property rights granted by the Borrower or any of its Subsidiaries in the ordinary course of business and not interfering in any material respect with the ordinary conduct of the business of the Borrower or such Subsidiary; 

(n) Liens in effect as of the Closing Date on furniture, trade fixtures, equipment and other tangible property in favor of
landlords and lessors of theatre facilities to secure obligations owing under the leases for such theatre facilities, provided that such Liens apply only to tangible property located at such leased facilities; 

(o) Liens in respect of judgments or other legal process that do not constitute an Event of Default pursuant to
Section 8; 
 (p) customary rights of setoff, banker’s liens, and similar rights in favor of a bank or other
financial institution arising as a matter of law or pursuant to customary account arrangements; 
 (q) Liens on insurance
policies and proceeds thereof, or other deposits, to secure insurance premium financings; 
 (r) the rights of film
distributors under film licensing contracts entered into by the Borrower or any Subsidiary in the ordinary course of business on a basis customary in the movie exhibition industry; 

(s) Liens (other than Priority Debt Liens and Parity Debt Liens (as defined in the Collateral Trust Agreement)) to secure any
Indebtedness that was incurred pursuant to (x) Section 4.09(b)(1) of the Senior Secured Notes Indenture as in effect on the date hereof and Section 7.2(m) hereof or (y) Section 7.2(g) hereof; provided
that no such Lien is spread to cover any additional property and that the amount of such Indebtedness secured thereby is not increased; 

  
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 (t) Liens consisting of Parity Debt Liens (as defined in the Collateral Trust
Agreement) to secure the obligations and liabilities of any Loan Party under the Senior Secured Notes; provided that the priority of such Liens shall be subject to any Liens securing the Obligations pursuant to the Collateral Trust Agreement
and the trustee of the Senior Secured Notes shall bind the holders of the Senior Secured Notes as holders of Parity Lien Debt Obligations (as defined in the Collateral Trust Agreement) to the Collateral Trust Agreement by becoming a party thereto as
a Parity Lien Debt Representative (as defined in the Collateral Trust Agreement); and 
 (u) Liens to secure the obligations
and liabilities of any Loan Party incurred or assumed under Indebtedness permitted under Sections 7.2(m) and (n) and permitted to be secured pursuant to clause (y) of the proviso to Section 7.2(m) and clause
(y) of the second proviso to Section 7.2(n), respectively; provided, that such Liens (i) are created, incurred or assumed substantially simultaneously with the incurrence of such Indebtedness, (ii) at the time such
Liens are created, incurred or assumed to secure such Indebtedness, such Liens are permitted to be created, incurred or assumed under Section 4.12 of the Senior Secured Notes Indenture as in effect on the date hereof and (iii) the
representative for the holders of the Indebtedness secured by such Liens shall bind such holders to the Collateral Trust Agreement as holders of Parity Lien Debt Obligations (as defined in the Collateral Trust Agreement) by becoming a party thereto
as a Parity Lien Debt Representative (as defined in the Collateral Trust Agreement). 
 7.4 Fundamental Changes. Enter into any
merger, consolidation or amalgamation, or liquidate, wind up or dissolve itself (or suffer any liquidation or dissolution), or Dispose of, all or substantially all of its property or business, except that: 

(a) any Subsidiary of the Borrower may be merged or consolidated with or into (x) the Borrower (provided that the
Borrower shall be the continuing or surviving corporation) or with or into any Subsidiary Guarantor (provided that the Subsidiary Guarantor shall be the continuing or surviving corporation) or, (y) subject to utilization of the amount
available for Investments in joint ventures contained in Section 7.7(g), with or into any Foreign Subsidiary or Non-Guarantor Subsidiary; 

(b) any Subsidiary of the Borrower may Dispose of any or all of its assets (upon voluntary liquidation or otherwise)
(i) to the Borrower or any Subsidiary Guarantor, (ii) subject to utilization of the amount available for Investments in joint ventures contained in Section 7.7(g), any Foreign Subsidiary or any Non-Guarantor Subsidiary and
(iii) in a transaction permitted pursuant to Section 7.5(e); and 
 (c) any Subsidiary may merge with
another Person to effect a transaction permitted under Section 7.7. 
 7.5 Disposition of Property. Dispose of any of its
property, whether now owned or hereafter acquired, or, in the case of any Subsidiary, issue or sell any shares of such Subsidiary’s Capital Stock to any Person, except: 

(a) the Disposition of obsolete, worn out or surplus property in the ordinary course of business; 

  
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 (b) the sale of inventory in the ordinary course of business; 

(c) Dispositions permitted by Section 7.4; 

(d) the sale or issuance of any Subsidiary’s Capital Stock to the Borrower or any Subsidiary Guarantor; 

(e) Dispositions of other property having a Fair Market Value not to exceed (i) $20,000,000 in the aggregate for any
fiscal year of the Borrower, plus (ii) the amount, if any, which is equal to (x) $20,000,000 less (y) the aggregate Fair Market Value of all property Disposed of pursuant to this Section 7.5(e) in the
immediately preceding fiscal year of the Borrower only; 
 (f) Dispositions permitted by Sections 7.6 and 7.10;

 (g) Dispositions of Cash Equivalents; 

(h) Dispositions made pursuant to an Investment permitted under Section 7.7; and 

(i) Dispositions of assets between the Borrower and any Subsidiary Guarantor; 

(j) Dispositions of the Screenvision Units; 

(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; 
 (l) Dispositions of a theater
acquired after the date of this Agreement (whether through merger, consolidation, asset purchase or otherwise) in one or a series of related transactions; provided that the conditions set forth in clause (xvi) of the definition of
“Asset Sales” are satisfied; and 
 (m) any Disposition that, at the time made, is permitted to be made under
clauses (1) and (2) of Section 4.10(a) and Section 5.01 of the Senior Secured Notes Indenture as in effect on the date hereof. 

7.6 Restricted Payments. Make any Restricted Payment, except: 

(a) Restricted Payments by any Subsidiary to the Borrower or any Subsidiary Guarantor; 

(b) other Restricted Payments by the Borrower in an aggregate amount not to exceed the Restricted Payment Amount,
provided that (i) no Default or Event of Default shall have occurred and be continuing at the time of such payment or shall be caused thereby and (ii) after giving pro forma effect to such payment, the Borrower is in compliance with
the financial covenants in Section 7.1, provided, further, that, notwithstanding the foregoing, (x) the aggregate amount of Restricted Payments made pursuant to this clause (b) shall in no event exceed $20,000,000
for any fiscal year of the Borrower and (y) no Restricted Payments may be made pursuant to this clause (b) if any Revolving Loans are then outstanding; and 

(c) any other Restricted Payment by the Borrower that, at the time made, is permitted to be made under
Section 4.07(b) of the Senior Secured Notes Indenture as in effect on the date hereof; provided that no Default or Event of Default has occurred and is continuing. 

  
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 7.7 Investments. Make any Investment, except: 

(a) extensions of trade credit in the ordinary course of business (including advances or extensions of credit on terms
customary in the movie exhibition industry in the form of accounts or other receivables incurred, or pre-paid film rentals, and loans and advances made in settlement of such accounts receivable in the ordinary course of business); 

(b) Investments in Cash Equivalents that constituted Cash Equivalents when made; 

(c) Investments represented by Guarantees permitted by Section 7.2; 

(d) loans and advances to employees of any Group Member of the Borrower in the ordinary course of business (including for
travel, entertainment and relocation expenses) in an aggregate amount for all Group Members not to exceed $1,000,000 at any one time outstanding; 

(e) Investments in any Person if, as a result of such Investment, (x) such Person becomes a Subsidiary Guarantor, or
(y) such Person is merged, consolidated or amalgamated with or into, or transfers or conveys substantially all of its assets to, or is liquidated into, the Borrower or any Subsidiary Guarantor; 

(f) intercompany Investments by any Group Member in the Borrower or any Person that, prior to such Investment, is a Subsidiary
Guarantor; 
 (g) Investments in one or more joint ventures engaged in a Permitted Business having an aggregate Fair Market
Value (measured on the date each such Investment was made and without giving effect to subsequent changes in value), when taken together with all other Investments made pursuant to this clause (g) that are at the time outstanding and mergers,
consolidations and Dispositions made pursuant to Sections 7.4(a)(y) and 7.4(b)(ii), not to exceed the amount by which the aggregate Net Proceeds of any sales, transfers or other dispositions of the Screenvision Units exceeds the
carrying value of the Screenvision Units as reflected on the Company’s balance sheet as of December 31, 2014; 

(h) any acquisition of assets or Capital Stock solely in exchange for the issuance of Equity Interests (other than Disqualified
Stock) of the Borrower; 
 (i) Investments (x) received in satisfaction or partial satisfaction from financially
troubled debtors, and (y) deposits, prepayments and other credits to suppliers made in the ordinary course of business consistent with the past practices of the Borrower and its Subsidiaries; 

(j) Investments received as non-cash consideration for sales (including sales of advertising time in the ordinary course of
business), transfers, leases and other Dispositions of assets otherwise permitted hereby; 
 (k) Investments in Hedge
Agreements permitted hereby; 
 (l) Investments existing on the date hereof and listed on Schedule 7.8(l); 

  
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 (m) in addition to Investments in joint ventures permitted under
Section 7.7(g), Investments in one or more joint ventures engaged in Permitted Businesses in an aggregate amount not to exceed $10,000,000 at any time; and 

(n) any other Investment that, at the time made, is permitted to be made under Section 7.6. 

7.8 Modifications of Certain Debt Instruments. (a) Make or offer to make any optional or voluntary payment, prepayment, repurchase
or redemption of or otherwise optionally or voluntarily defease or segregate funds with respect to any Junior Debt, provided that the Borrower may make any such payment, prepayment, repurchase or redemption with respect to any Junior Debt to
the extent permitted pursuant to Section 7.6; (b) amend, modify, waive or otherwise change, or consent or agree to any amendment, modification, waiver or other change to, any of the terms of any Junior Debt if the effect of such
amendment, modification, waiver or other change is to increase the interest rate on any Junior Debt, change (to earlier dates) any dates on which payments of principal or interest are due thereon, change any event of default or condition to an event
of default with respect thereto (other than to eliminate any such event of default or increase any grace period related thereto or otherwise make such event of default or condition less restrictive or burdensome on the Borrower), change the
redemption, prepayment or defeasance provisions thereof, change the subordination provisions of any Junior Debt (or any guarantee thereof), or to increase materially the obligations of the Borrower thereunder or to confer any additional rights on
the holders of any Junior Debt (or a trustee or other representative on their behalf) that would be adverse in any material respect to any Loan Party or the Lenders, or require the payment of a consent fee; or (c) designate any Indebtedness
(other than obligations of the Loan Parties pursuant to the Loan Documents and the Senior Secured Notes Documents) as “Designated Senior Debt” (or any other defined term having a similar purpose) for the purposes of any document governing
any Junior Debt. 
 7.9 Transactions with Affiliates. Enter into any transaction, including any purchase, sale, lease or exchange of
property, the rendering of any service or the payment of any management, advisory or similar fees, with any Affiliate (other than the Borrower or any Subsidiary Guarantor) unless such transaction is (a) otherwise permitted under this Agreement,
(b) in the ordinary course of business of the relevant Group Member and (c) upon fair and reasonable terms no less favorable to the relevant Group Member, than it would obtain in a comparable arm’s length transaction with a Person
that is not an Affiliate; provided that the foregoing restriction shall not apply to (x) reasonable and customary fees paid to members of the board of directors of the Borrower and its Subsidiaries and (y) compensation arrangements
for officers and other employees of the Borrower and its Subsidiaries entered into in the ordinary course of business. 
 7.10 Sales and
Leasebacks. Enter into any arrangement with any Person providing for the leasing by any Group Member of real or personal property that has been or is to be sold or transferred by such Group Member to such Person or to any other Person to whom
funds have been or are to be advanced by such Person on the security of such property or rental obligations of such Group Member, except (a) Carmike Cinemas, Inc. may enter into any such arrangement with respect to the Snellville Property on or
prior to September 1, 2015 and (b) a Group Member may enter into any such arrangement that, at the time of entry, is permitted under Section 4.16 of the Senior Secured Notes Indenture as in effect on the date hereof. 

7.11 Hedge Agreements. Enter into any Hedge Agreement, except (a) Hedge Agreements entered into to hedge or mitigate risks to
which the Borrower or any Subsidiary has actual exposure (other than those in respect of Capital Stock) and (b) Hedge Agreements entered into in order to effectively cap, collar or exchange interest rates (from fixed to floating rates, from one
floating rate to another floating rate or otherwise) with respect to any interest-bearing liability or investment of the Borrower or any Subsidiary. 

  
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 7.12 Changes in Fiscal Periods. Permit the fiscal year of the Borrower to end on a day
other than December 31 or change the Borrower’s method of determining fiscal quarters. 
 7.13 Negative Pledge Clauses.
Enter into or suffer to exist or become effective any agreement that prohibits, limits or imposes any condition upon the ability of any Group Member to create, incur, assume or suffer to exist any Lien upon any of its property or revenues, whether
now owned or hereafter acquired to secure the Obligations, other than (a) this Agreement and the other Loan Documents, (b) any agreements governing any purchase money Liens or Capital Lease Obligations (in which case, any prohibition or
limitation shall only be effective against the assets financed thereby) and (c) restrictions by reason of customary provisions restricting Liens, assignments, subletting, or other transfers contained in joint venture agreements, leases,
licenses, and similar agreements entered into in the ordinary course of business (in which case, any prohibition or limitation shall only be effective against the property and rights subject to such agreements) consistent with past practice. 

7.14 Clauses Restricting Subsidiary Distributions. Enter into or suffer to exist or become effective any consensual encumbrance or
restriction on the ability of any Subsidiary of the Borrower to (a) make Restricted Payments in respect of any Capital Stock of such Subsidiary held by, or pay any Indebtedness owed to, the Borrower or any other Subsidiary of the Borrower,
(b) make loans or advances to, or other Investments in, the Borrower or any other Subsidiary of the Borrower or (c) transfer any of its assets to the Borrower or any other Subsidiary of the Borrower, except for such encumbrances or
restrictions existing under or by reason of (i) any restrictions existing under the Loan Documents; (ii) any restrictions existing under the Senior Secured Notes Documents and any agreements governing any Priority Lien Debt or Parity Lien
Debt (as defined in the Collateral Trust Agreement) to the extent no more restrictive than any such restrictions hereunder; (iii) any restrictions with respect to a Subsidiary imposed pursuant to an agreement that has been entered into in
connection with the Disposition of all or substantially all of the Capital Stock or assets of such Subsidiary; (iv) any restrictions by reason of customary provisions in joint venture agreements, leases, licenses and similar agreements entered
into in the ordinary course of business consistent with past practice; (v) any restrictions imposed by agreements governing any purchase money Liens or Capital Lease Obligations otherwise permitted hereby (in which case, any prohibition or
limitation shall only be effective against the assets financed thereby) or (vi) any customary restrictions existing in documentation governing Junior Debt to the extent no more restrictive than any such restrictions hereunder. 

7.15 Lines of Business. Enter into any business, either directly or through any Subsidiary, except for any Permitted Business. 

7.16 Financing Obligations. Permit the aggregate amount of Financing Obligations (other than the Specified Lease Obligations) of the
Borrower and its Subsidiaries incurred or created after the date hereof to exceed, at any one time the greater of (a) the aggregate amount of Financing Obligations permitted under the Senior Secured Notes Indenture as in effect on the date
hereof and (b) $25,000,000. 
 7.17 Anti-Corruption Laws and Sanctions. The Borrower will not request any borrowing or Letter of
Credit, and the Borrower shall not use, and shall procure that its Subsidiaries and, to the Borrower’s knowledge, its or their respective directors, officers, employees and agents shall not use, the proceeds of any borrowing or Letter of Credit
(A) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (B) for the purpose of funding, financing or
facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country or (C) in any manner that would result in the violation of any Sanctions applicable to any party hereto. 

  
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 SECTION 8. EVENTS OF DEFAULT 

If any of the following events shall occur and be continuing: 

(a) the Borrower shall fail to pay any principal of any Loan or Reimbursement Obligation when due in accordance with the terms
hereof; or the Borrower shall fail to pay any interest on any Loan or Reimbursement Obligation, or any other amount payable hereunder or under any other Loan Document, within five days after any such interest or other amount becomes due in
accordance with the terms hereof; or 
 (b) any representation or warranty made or deemed made by any Loan Party herein or in
any other Loan Document or that is contained in any certificate, document or financial or other written statement furnished by it at any time under or in connection with this Agreement or any such other Loan Document shall prove to have been
inaccurate in any material respect on or as of the date made or deemed made; or 
 (c) any Loan Party shall default in the
observance or performance of any agreement contained in clause (i) or (ii) of Section 6.4(a) (with respect to the Borrower only), the observance or performance of Section 6.7(a) or Section 7 of this
Agreement or Sections 5.5 and 5.7(b) of the Guarantee and Collateral Agreement; or 
 (d) any Loan Party
shall default in the observance or performance of any other agreement contained in this Agreement or any other Loan Document (other than as provided in paragraphs (a) through (c) of this Section), and such default shall continue unremedied
for a period of 30 days after notice to the Borrower from the Administrative Agent or the Required Lenders; or 
 (e) any
Group Member (i) defaults in making any payment of any principal of any Indebtedness (including any Guarantee Obligation, but excluding the Loans) on the scheduled or original due date with respect thereto; or (ii) defaults in making any
payment of any interest on any such Indebtedness beyond the period of grace, if any, provided in the instrument or agreement under which such Indebtedness was created; or (iii) defaults in the observance or performance beyond any applicable
grace period of any other agreement or condition relating to any such Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event shall occur or condition exist beyond any applicable grace
period, the effect of which default or other event or condition is to cause, or to permit the holder or beneficiary of such Indebtedness (or a trustee or agent on behalf of such holder or beneficiary) to cause, with the giving of notice if required,
such Indebtedness to become due prior to its stated maturity or to become subject to a mandatory offer to purchase by the obligor thereunder or (in the case of any such Indebtedness constituting a Guarantee Obligation) to become payable;
provided, that a default, event or condition described in clause (i), (ii) or (iii) of this paragraph (e) shall not at any time constitute an Event of Default unless, at such time, one or more defaults, events or
conditions of the type described in clauses (i), (ii) and (iii) of this paragraph (e) shall have occurred and be continuing with respect to Indebtedness the outstanding amount of which exceeds in the aggregate $10,000,000; or

 (f) (i) any Material Group Member shall commence any case, proceeding or other action (A) under any existing or
future law of any jurisdiction, domestic or foreign, relating to bankruptcy, insolvency, reorganization or relief of debtors, seeking to have an order for relief 

  
 80 

 
entered with respect to it, or seeking to adjudicate it a bankrupt or insolvent, or seeking reorganization, arrangement, adjustment, winding-up,
liquidation, dissolution, composition or other relief with respect to it or its debts, or (B) seeking appointment of a receiver, trustee, custodian, conservator or other similar official for it or for all or any substantial part of its assets,
or any Material Group Member shall make a general assignment for the benefit of its creditors; or (ii) there shall be commenced against any Material Group Member any case, proceeding or other action of a nature referred to in clause (i)
above that (A) results in the entry of an order for relief or any such adjudication or appointment or (B) remains undismissed, undischarged or unbonded for a period of 60 days; or (iii) there shall be commenced against any Material
Group Member any case, proceeding or other action seeking issuance of a warrant of attachment, execution, distraint or similar process against all or any substantial part of its assets that results in the entry of an order for any such relief that
shall not have been vacated, discharged, or stayed or bonded pending appeal within 60 days from the entry thereof; or (iv) any Material Group Member shall take any action in furtherance of, or indicating its consent to, approval of, or
acquiescence in, any of the acts set forth in clause (i), (ii), or (iii) above; or (v) any Material Group Member shall generally not, or shall be unable to, or shall admit in writing its inability to, pay its debts as they become due;
or 
 (g) (i) the Borrower shall engage in a non-exempt Prohibited Transaction; (ii) a Reportable Event shall occur
with respect to any Plan; (iii) a failure to satisfy the minimum funding standards (within the meaning of Sections 412 or 430 of the Code or Section 302 of ERISA), whether or not waived, shall exist with respect to any Plan or a filing
pursuant to Section 412(c) of the Code or Section 302(c) of ERISA of an application for a waiver of the minimum funding standard with respect to any Plan or Multiemployer Plan; (iv) a failure to make by its due date a required
installment under Section 430(j) of the Code with respect to any Plan, or a failure by the Borrower or any Commonly Controlled Entity to make a required contribution to a Multiemployer Plan; (v) the incurrence by the Borrower or any
Commonly Controlled Entity of liability under Title IV of ERISA with respect to the termination of any Plan, including but not limited to the imposition of any Lien in favor of the PBGC or any Plan; (vi) the determination that any Plan is in
“at risk” status within the meaning of Section 430 of the Code or Section 303 of ERISA; (vii) the receipt by the Borrower or any Commonly Controlled Entity of any notice from the PBGC or a plan administrator relating to an
intention to terminate any Plan or to appoint a trustee to administer any Plan under Section 4042 of ERISA; (viii) a trustee shall be appointed by a United States district court to administer any Plan; (ix) the incurrence by the
Borrower or any Commonly Controlled Entity of any liability with respect to the withdrawal or partial withdrawal from a Plan or Multiemployer Plan; (x) the receipt by the Borrower or any Commonly Controlled Entity of any notice, or sending by
the Borrower or any Commonly Controlled Entity of any notice to any Multiemployer Plan, concerning the imposition of Withdrawal Liability or a determination that a Multiemployer Plan is Insolvent, in Reorganization, or in “endangered” or
“critical” status within the meaning of Section 432 of the Code or Section 305 of ERISA; (xi) the withdrawal by the Borrower or any Commonly Controlled Entity 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 (xii) any other event or condition shall occur or exist with respect to a Plan or Multiemployer Plan; and in each case in clauses (i) through
(xii) above, such event or condition, together with all other such events or conditions, if any, would, in the sole judgment of the Required Lenders, reasonably be expected to have a Material Adverse Effect; or 

(h) one or more judgments or decrees shall be entered against any Material Group Member involving in the aggregate a liability
(to the extent not paid or covered by insurance as to which the relevant insurance company has acknowledged coverage) of $10,000,000 or more, and all such judgments or decrees shall not have been vacated, discharged, stayed or bonded pending appeal
within 30 days from the entry thereof; or 

  
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 (i) any of the Security Documents shall cease, for any reason, to be in full
force and effect, or any Loan Party or any Affiliate of any Loan Party shall so assert, or any Lien created by any of the Security Documents shall cease to be enforceable and of the same effect and priority purported to be created thereby; or 

(j) the guarantee contained in Section 2 of the Guarantee and Collateral Agreement shall cease, for any reason, to
be in full force and effect or any Loan Party or any Affiliate of any Loan Party shall so assert; or 
 (k) (i) any
“person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) shall become, or obtain rights (whether by means of warrants,
options or otherwise) to become, the “beneficial owner” (as defined in Rules 13(d)-3 and 13(d)-5 under the Exchange Act), directly or indirectly, of more than fifty percent (50%) of the
outstanding Voting Stock of the Borrower; or (ii) the board of directors of the Borrower shall cease to consist of a majority of Continuing Directors; or 

(l) any Junior Debt (other than Junior Debt pursuant to clause (x) or (z) of the definition thereof) in an aggregate
principal amount greater than $10,000,000 or guarantees thereof shall cease, for any reason, to be validly subordinated to the Obligations or the obligations of the Subsidiary Guarantors under the Guarantee and Collateral Agreement, as the case may
be, or any Loan Party or any Affiliate of any Loan Party shall so assert on reasonable grounds, or the Collateral Trust Agreement shall cease to be valid and enforceable; 

then, and in any such event, (A) if such event is an Event of Default specified in clause (i) or (ii) of paragraph (f) above with respect
to the Borrower, automatically the Revolving Commitments shall immediately terminate and the Loans hereunder (with accrued interest thereon) and all other amounts owing under this Agreement and the other Loan Documents (including all amounts of L/C
Obligations (to the extent not cash collateralized), other than any L/C Obligation arising solely from a Letter of Credit for which an Application has been submitted and is pending, but which has not been issued, whether or not the beneficiaries of
the then outstanding Letters of Credit shall have presented the documents required thereunder) shall immediately become due and payable, and (B) if such event is any other Event of Default, either or both of the following actions may be taken:
(i) with the consent of the Required Lenders, the Administrative Agent may, or upon the request of the Required Lenders, the Administrative Agent shall, by notice to the Borrower declare the Revolving Commitments and/or any Incremental Term
Loan Commitments to be terminated forthwith, whereupon the Revolving Commitments and/or Incremental Term Commitments, as applicable, shall immediately terminate; and (ii) with the consent of the Required Lenders, the Administrative Agent may,
or upon the request of the Required Lenders, the Administrative Agent shall, by notice to the Borrower, declare the Loans hereunder (with accrued interest thereon) and all other amounts owing under this Agreement and the other Loan Documents
(including all amounts of L/C Obligations (to the extent not cash collateralized), other than any L/C Obligation arising solely from a Letter of Credit for which an Application has been submitted and is pending, but which has not been issued,
whether or not the beneficiaries of the then outstanding Letters of Credit shall have presented the documents required thereunder) to be due and payable forthwith, whereupon the same shall immediately become due and payable. With respect to all
Letters of Credit with respect to which presentment for honor shall not have occurred at the time of an acceleration of the Obligations or the termination of any Incremental Term Loan Commitment or the Revolving Commitment pursuant to this
paragraph, the Borrower shall at such time deposit in a cash collateral account opened by the Administrative Agent an amount equal to 105% of the aggregate then undrawn and unexpired amount of such Letters of Credit. Amounts held in such cash
collateral account shall be applied by the 

  
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Administrative Agent to the payment of drafts drawn under such Letters of Credit, and the unused portion thereof after all such Letters of Credit shall have expired or been fully drawn upon, if
any, shall be applied to repay other obligations of the Borrower hereunder and under the other Loan Documents and any Specified Hedge Agreements and Specified Cash Management Agreements. After all such Letters of Credit shall have expired or been
fully drawn upon, all Reimbursement Obligations shall have been satisfied and all other obligations of the Borrower hereunder and under the other Loan Documents and any Specified Hedge Agreements and Specified Cash Management Agreements shall have
been paid in full, the balance, if any, in such cash collateral account shall be returned to the Borrower (or such other Person as may be lawfully entitled thereto). Except as expressly provided above in this Section, presentment, demand, protest
and all other notices of any kind are hereby expressly waived by the Borrower. 
 SECTION 9. THE AGENTS 

9.1 Appointment. Each Lender hereby irrevocably designates and appoints each Agent as the agent of such Lender under this Agreement and
the other Loan Documents, and each such Lender irrevocably authorizes such Agent, in such capacity, 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 such Agent by the terms of this Agreement and the other Loan Documents, together with such other powers as are reasonably incidental thereto. Notwithstanding any provision to the contrary elsewhere in this
Agreement, no Agent shall have any duties or responsibilities, except those expressly set forth herein, or be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is continuing, 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 any Agent. In addition, notwithstanding
any provision to the contrary elsewhere in this Agreement, the Administrative Agent shall not have any duty to take any discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly contemplated hereby
that the Administrative Agent is required to exercise in writing as directed by the Required Lenders (or such other number or percentage of the Lenders as shall be necessary under the circumstances as provided in Section 10.01). 

9.2 Delegation of Duties. Each Agent may execute any of its duties under this Agreement and the other Loan Documents by or through
agents or attorneys-in-fact and shall be entitled to advice of counsel concerning all matters pertaining to such duties. No Agent shall be responsible for the negligence
or misconduct of any agents or attorneys in-fact selected by it with reasonable care. 
 9.3
Exculpatory Provisions. Neither any Agent nor any of their respective officers, directors, employees, agents, advisors, attorneys-in-fact or affiliates shall be
(i) 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 nonappealable
decision of a court of competent jurisdiction to have resulted from its or such Person’s own gross negligence or willful misconduct) or (ii) 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 a 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. 

  
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 9.4 Reliance by Agents. Each Agent shall be entitled to rely, and shall be fully protected
in relying, upon any instrument, writing, resolution, notice, consent, certificate, affidavit, letter, telecopy, telex, teletype or e-mail message, statement, order or other document or conversation believed by it to be genuine and correct and to
have been signed, sent or made by the proper Person or Persons and upon advice and statements of legal counsel (including counsel to the Borrower), independent accountants and other experts selected by such Agent. The Administrative Agent may deem
and treat the payee of any Note as the owner thereof for all purposes unless a written notice of assignment, negotiation or transfer thereof shall have been filed with the Administrative Agent. Each 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 Lenders or such other appropriate group of
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 Agents 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 Lenders or such other
appropriate group of 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 Loans. 

9.5 Notice of Default. No Agent shall be deemed to have knowledge or notice of the occurrence of any Default or Event of Default
hereunder unless such Agent has received notice from a Lender 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 Lenders or any other instructing group of Lenders specified by this Agreement); 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. 

9.6 Non-Reliance on Agents and Other Lenders. Each Lender expressly acknowledges that neither
the Agents nor any of their respective officers, directors, employees, agents, advisors, attorneys-in-fact or affiliates have made any representations or warranties to
it and that no act by any 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 any Agent to any Lender. Each Lender represents to
the Agents that it has, independently and without reliance upon any Agent 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 Loans and other extensions of credit hereunder and enter into this Agreement. Each Lender also represents
that it will, independently and without reliance upon any Agent 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, advisors, attorneys-in-fact or affiliates. 

  
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 9.7 Indemnification. The Lenders agree to indemnify each Agent and its officers,
directors, employees, affiliates, agents, advisors and controlling persons (each, an “Agent Indemnitee”) in its capacity as such (to the extent not reimbursed by the Borrower and without limiting the obligation of the Borrower to do
so), ratably according to their respective Aggregate Exposure Percentages in effect on the date on which indemnification is sought under this Section (or, if indemnification is sought after the date upon which the Revolving Commitments shall have
terminated and the Loans shall have been paid in full, ratably in accordance with such Aggregate Exposure Percentages immediately prior to such date), 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 Loans) be imposed on, incurred by or asserted against such Agent Indemnitee in any way relating to or arising
out of, the Revolving 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 such Agent
Indemnitee 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 nonappealable decision of a court of competent jurisdiction to have resulted from such Agent Indemnitee’s gross negligence or willful misconduct. The agreements in this Section shall survive the
payment of the Loans and all other amounts payable hereunder. 
 9.8 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 such Agent were not an Agent. With respect to its Loans made or renewed by it and with respect to any Letter of Credit issued or
participated in 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 an Agent, and the terms “Lender” and
“Lenders” shall include each Agent in its individual capacity. 
 9.9 Successor Administrative Agent. The Administrative
Agent may resign as Administrative Agent upon 20 days’ notice to the Lenders and the Borrower. If the Administrative Agent shall resign as Administrative Agent under this Agreement and the other Loan Documents, then the Required Lenders shall
appoint a successor agent for the Lenders, which successor agent shall (unless an 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) unless an
Event of Default shall have occurred and be continuing, whereupon such successor agent shall succeed to the rights, powers and duties of the Administrative Agent, and the term “Administrative Agent” shall mean such successor agent
effective upon such appointment and approval, and the former Administrative Agent’s rights, powers and duties as Administrative 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 Loans. If no successor agent has accepted appointment as Administrative Agent by the date that is 20 days following a retiring Administrative Agent’s notice of resignation, the
retiring Administrative Agent’s resignation shall nevertheless thereupon become effective and the Lenders shall assume and perform all of the duties of the Administrative Agent hereunder until such time, if any, as the Required Lenders appoint
a successor agent as provided for above. After any retiring Administrative Agent’s resignation as Administrative Agent, the provisions of this Section 9 and of Section 10.5 shall continue to 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. 
 9.10
Agents Generally. Except as expressly set forth herein, no Agent shall have any duties or responsibilities hereunder in its capacity as such. 

9.11 The Joint Lead Arrangers and Syndication Agent. Neither the Joint Lead Arrangers nor the Syndication Agent, in their capacities as
such, shall have any duties or responsibilities, or incur any liability, under this Agreement and other Loan Documents. 

  
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 9.12 Withholding. To the extent required by any applicable law, the Administrative Agent
may withhold from any payment to any Lender an amount equivalent to any withholding tax applicable to such payment. 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 for any reason, or the Administrative Agent has paid over to the Internal Revenue Service applicable withholding tax relating to a payment to a Lender but no deduction has been made
from such payment, 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 any and all expenses
incurred, unless such amounts have been indemnified by any Loan Party or the relevant Lender. 
 SECTION 10. MISCELLANEOUS 

10.1 Amendments and Waivers. This Agreement, any other Loan Document, or any terms hereof or thereof may not be amended, supplemented
or modified except in accordance with the provisions of this Section 10.1 or, if applicable, Section 3.15. The Required Lenders and each Loan Party party to the relevant Loan Document may, or, with the written consent of the
Required Lenders, the Administrative Agent and each Loan Party party to the relevant Loan Document may, from time to time, (a) enter into written amendments, supplements or modifications hereto and to the other Loan Documents for the purpose of
adding any provisions to this Agreement or the other Loan Documents or changing in any manner the rights of the Lenders or of the Loan Parties hereunder or thereunder or (b) waive, on such terms and conditions as the Required Lenders or the
Administrative Agent, as the case may be, may specify in such instrument, any of the requirements of this Agreement or the other Loan Documents or any Default or Event of Default and its consequences; provided, however, that no such
waiver and no such amendment, supplement or modification shall (i) forgive the principal amount or extend the final scheduled date of maturity of any Loan, reduce the stated rate of any interest or fee payable hereunder (except (x) in
connection with the waiver of applicability of any post-default increase in interest rates, which waiver shall be effective with the consent of the Required Lenders and (y) that any amendment or modification of defined terms used in the
financial covenants in this Agreement shall not constitute a reduction in the rate of interest or fees for purposes of this clause (i)) or extend the scheduled date of any payment of any thereof, or increase the amount or extend the expiration
date of any Lender’s Revolving Commitment (other than in accordance with Section 2.13), in each case without the written consent of each Lender directly affected thereby; (ii) eliminate or reduce the voting rights of any Lender
under this Section 10.1 without the written consent of such Lender; (iii) reduce any percentage specified in the definition of Required Lenders, consent to the assignment or transfer by the Borrower of any of its rights and
obligations under this Agreement and the other Loan Documents, release all or substantially all of the Collateral or release all or substantially all of the value of the guarantees provided by the Subsidiary Guarantors under the Guarantee and
Collateral Agreement, in each case without the written consent of all Lenders; (iv) reduce any percentage specified in the definitions of “Majority Facility Lenders” without the written consent of all Lenders of the applicable
Facility or “Majority Revolving Lenders” without the written consent of all Revolving Lenders; (v) amend, modify or waive any provision of Section 9 or any other provision of any Loan Document that affects the Agents
without the written consent of each Agent adversely affected thereby; (vi) amend, modify or waive any provision of Sections 2.5 to 2.12 without the written consent of the Issuing Lender; or (vii) amend, modify or waive
any Loan Document so as to alter the ratable treatment of the Borrower Hedge Agreement Obligations, the Borrower Cash Management Agreement Obligations and the Borrower Credit Agreement Obligations (each as defined in the Guarantee and Collateral
Agreement) in a manner adverse to any Qualified Counterparty with Obligations then outstanding without the written consent of any such Qualified Counterparty. Any such waiver and 

  
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any such amendment, supplement or modification shall apply equally to each of the Lenders and shall be binding upon the Loan Parties, the Lenders, the Agents and all future holders of the Loans.
In the case of any waiver, the Loan Parties, the Lenders and the Agents shall be restored to their former position and rights hereunder and under the other Loan Documents, and any Default or Event of Default waived shall be deemed to be cured and
not continuing; but no such waiver shall extend to any subsequent or other Default or Event of Default, or impair any right consequent thereon. 

Notwithstanding anything to the contrary herein, the provisions of Section 3.16 may not be amended, modified or waived without the
written consent of the Administrative Agent, the Issuing Lender and the Required Lenders. Further, notwithstanding the foregoing (but in accordance with and subject to Section 3.16(b)), no Defaulting Lender shall have any right to
approve or disapprove any amendment, waiver or consent hereunder. 
 Notwithstanding anything herein to the contrary, the Borrower, the
Administrative Agent and any Issuing Lender designated by the Borrower that agrees to become an Issuing Lender hereunder and that is agreed to by the Administrative Agent after the Closing Date pursuant to the definition of Issuing Lender may amend
this agreement in a manner not adverse to any existing Issuing Lender or Revolving Lender to the extent necessary to reflect the inclusion of such designated Issuing Lender as an Issuing Lender hereunder. 

10.2 Notices and Communications. All notices, requests and demands to or upon the respective parties hereto to be effective shall be in
writing (including by telecopy), and, unless otherwise expressly provided herein, shall be deemed to have been duly given or made when delivered, or three Business Days after being deposited in the mail, postage prepaid, or, in the case of telecopy
notice, when received, addressed as follows in the case of the Borrower and the Agents, and as set forth in an administrative questionnaire delivered to the Administrative Agent in the case of the Lenders and the Issuing Lender, or to such other
address as may be hereafter notified by the respective parties hereto: 
  

					
	The Borrower:		Carmike Cinemas, Inc.
			1301 First Avenue
			Columbus, Georgia 31901
			Attention:		Chief Financial Officer
			Telecopy:		(706) 324-0470
			Telephone:		(706) 576-3415
		
	The Administrative Agent or the		JPMorgan Chase Bank, N.A.
	Issuing Lender:		2029 Century Park East, 38th Floor
			Los Angeles, California 90067
			Attention:		Gerardo B. Loera
			Telecopy:		(310) 860-7206
			Email:		gerardo.b.loera@jpmorgan.com
		
			with copies to:
			JPMorgan Chase Bank, N.A.
			JPMorgan Loan Services
			10 South Dearborn, L2
			Chicago, Illinois 60603
			Attention:		Commercial Loan Services
			Telecopy:		(888) 292-9533
			Email:  JPM.Agency.Servicing.4@jpmchase.com

  
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			J.P. Morgan Securities LLC
			2029 Century Park East, 38th Floor
			Los Angeles, California 90067
			Attention:		David Shaheen
			Telecopy:		(310) 860-7260
			Email:		david.shaheen@jpmorgan.com
		
			Latham & Watkins LLP
			885 Third Avenue
			New York, New York 10022
			Attention:		Michele O. Penzer
			Telecopy:		(212) 751-4864
			Email:		michele.penzer@lw.com

 provided that any notice, request or demand to or upon any Agent, the Issuing Lender or the Lenders shall not be
effective until received. 
 Notices and other communications to the Lenders hereunder may be delivered or furnished by electronic
communications pursuant to procedures approved by the Administrative Agent. 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. 
 10.3
No Waiver; Cumulative Remedies. No failure to exercise and no delay in exercising, on the part of any Agent or any Lender, any right, remedy, power or privilege hereunder or under the other Loan Documents 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 are cumulative and not exclusive of any rights, remedies, powers and privileges provided by law. 
 10.4 Survival of
Representations and Warranties. All representations and warranties made hereunder, in the other Loan Documents and in any document, certificate or statement delivered pursuant hereto or in connection herewith shall survive the execution and
delivery of this Agreement and the making of the Loans and other extensions of credit hereunder. 
 10.5 Payment of
Expenses/Indemnity. The Borrower agrees (a) to pay or reimburse each Agent for all its reasonable out-of-pocket costs and expenses incurred in connection with
the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation of the
transactions contemplated hereby and thereby, including the reasonable fees and disbursements of counsel to such Agent and filing and recording fees and expenses, with statements with respect to the foregoing to be submitted to the Borrower prior to
the Closing Date (in the case of amounts to be paid on the Closing Date) and from time to time thereafter on a quarterly basis or such other periodic basis as such Agent shall deem appropriate, (b) to pay or reimburse each Lender and Agent for
all its costs and expenses incurred in connection with the enforcement or preservation of any rights under this Agreement, the other Loan Documents and any such other documents, including the fees and disbursements of counsel (including the
allocated fees and expenses of in-house counsel) to each Lender and of counsel to such Agent (including all such amounts incurred in any bankruptcy or other insolvency proceeding) and (c) to pay, indemnify, and hold each Lender and Agent and
their respective officers, directors, employees, affiliates, agents, advisors, attorneys and 

  
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controlling persons (each, an “Indemnitee”) harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs,
expenses or disbursements of any kind or nature whatsoever with respect to the execution, delivery, enforcement, performance and administration of this Agreement, the other Loan Documents (regardless of whether any Loan Party is or is not a party to
any such actions or suits) and any such other documents, including any of the foregoing relating to the use of proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations of
any Group Member or any of the Properties, the reasonable fees and expenses of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document and the fees, charges and disbursements
of any counsel for any Indemnitee incurred by or asserted against any Indemnitee arising out of, in connection with, or as a result of any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether
or not such claim, litigation, investigation or proceeding is brought by the Borrower or any other Loan Party or their respective equity holders, Affiliates, creditors or any other Person and whether based on contract, tort or any other theory and
regardless of whether any Indemnitee is a party thereto (all the foregoing in this clause (d), collectively, the “Indemnified Liabilities”); provided, that the Borrower shall have no obligation hereunder to any
Indemnitee with respect to Indemnified Liabilities to the extent such Indemnified Liabilities are found by a final and non-appealable decision of a court of competent jurisdiction to have resulted from the gross negligence or willful misconduct of
such Indemnitee. Without limiting the foregoing, and to the extent permitted by applicable law, the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries to waive, all
rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them
might have by statute or otherwise against any Indemnitee. All amounts due under this Section 10.5 shall be payable not later than 10 days after written demand therefor. Statements payable by the Borrower pursuant to this
Section 10.5 shall be submitted to Chief Financial Officer (Telephone No. (706) 576-3415) (Telecopy No. (706) 324-0470), at the address of the Borrower set forth in Section 10.2, or to such other Person or address
as may be hereafter designated by the Borrower in a written notice to the Administrative Agent. The agreements in this Section 10.5 shall survive the termination of this Agreement and repayment of the Loans and all other amounts payable
hereunder. This Section 10.5 shall not apply with respect to taxes other than any taxes that represent liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements arising from any
non-tax claim. 
 10.6 Successors and Assigns; Participations and Assignments. (a) 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 (including any affiliate of the Issuing Lender that issues any Letter of Credit), except that (i) 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 (ii) no Lender
may assign or otherwise transfer its rights or obligations hereunder except in accordance with this Section. 
 (b)
(i) Subject to the conditions set forth in paragraph (b)(ii) below, any Lender may assign to one or more Eligible Assignees (each, an “Assignee”) all or a portion of its rights and obligations under this Agreement
(including all or a portion of its Revolving Commitments and the Loans at the time owing to it) with the prior written consent (such consent not to be unreasonably withheld) of: 

 

	 	(A)	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 (as defined below) or, if an Event of Default has occurred and is
continuing, any other Person; 

  
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	 	(B)	the Administrative Agent; and 

  

	 	(C)	the Issuing Lender. 

 (ii) Assignments shall be subject to the following
additional conditions: 
  

	 	(A)	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 Revolving Commitments or Loans, the amount of
the Revolving Commitments or Loans of 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) shall not be less than
$2,500,000 unless each of the Borrower and the Administrative Agent otherwise consent, provided that (1) no such consent of the Borrower shall be required if an 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, if any; 

  

	 	(B)	(1) 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, and (2) the assigning Lender shall
have paid in full any amounts owing by it to the Administrative Agent; and 

  

	 	(C)	the Assignee, if it shall not be a Lender, shall deliver to the Administrative Agent an administrative questionnaire in which the Assignee designates one or more credit contacts to whom all syndicate-level information
(which may contain material non-public information about the Borrower and its Affiliates and their related parties or their respective securities) will be made available and who may receive such information in accordance with the assignee’s
compliance procedures and applicable laws, including Federal and state securities laws. 

 (iii) Subject to
acceptance and recording thereof pursuant to paragraph (b)(iv) below, from and after the effective date specified in each Assignment and Assumption the Assignee thereunder shall be a party hereto 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 3.8, 3.9, 3.10 and 10.5). Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this Section 10.6 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 (c) of this Section. 

  
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 (iv) The Administrative Agent, acting for this purpose as a non-fiduciary agent
of the Borrower, shall maintain at one of its offices 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 Revolving Commitments of, and principal amount of
the Loans and L/C Obligations owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive, and the Borrower, the Administrative Agent, the Issuing Lender 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, absent written notice to the contrary demonstrating manifest error. 

(v) Upon its receipt of a duly completed Assignment and Assumption executed by an assigning Lender and an Assignee, the
Assignee’s completed administrative questionnaire (unless the Assignee shall already be a Lender hereunder), the processing and recordation fee referred to in paragraph (b) of this Section and any written consent to such assignment
required by paragraph (b) of this Section, the Administrative Agent shall accept such Assignment and Assumption and record the information contained therein in the Register. No assignment shall be effective for purposes of this Agreement unless
it has been recorded in the Register as provided in this paragraph. 
 (c) (i) Any Lender may, without the consent of the
Borrower or the Administrative Agent, sell participations to one or more banks or other entities that are Eligible Assignees (a “Participant”) in all or a portion of such Lender’s rights and obligations under this Agreement
(including all or a portion of its Revolving Commitments and the Loans owing to it); provided that (A) such Lender’s obligations under this Agreement shall remain unchanged, (B) such Lender shall remain solely responsible to
the other parties hereto for the performance of such obligations and (C) the Borrower, the Administrative Agent, the Issuing Lender 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. 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 to approve any amendment,
modification or waiver of any provision of this Agreement; provided that 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 (or all Lenders) pursuant to the proviso to the second sentence of Section 10.1 and (2) directly affects such Participant. Subject to paragraph (c)(ii) of this Section, the
Borrower agrees that each Participant shall be entitled to the benefits of Sections 3.8, 3.9 and 3.10 to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to paragraph (b) of
this Section. To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 10.7(b) as though it were a Lender, provided such Participant shall be subject to Section 10.7(a) as though it
were a Lender. 
 (ii) A Participant shall not be entitled to receive any greater payment under Sections 3.8 or
3.9 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, except to the extent such entitlement to receive a greater payment results from an adoption of or a change in a
Requirement of Law that occurs after the Participant acquired the applicable Participation. A Participant shall not be entitled to the benefits of Section 3.9 unless such Participant complies with Sections 3.9(f), (g),
(h) and (l) and agrees to be subject to the provisions of Section 3.11 and Section 3.12 as if it were an assignee pursuant to paragraph (b) of this Section 10.6. 

  
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 (d) 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 this Section 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. 

(e) 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 Loans or other obligations under this Agreement (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 purpose of this Agreement notwithstanding any notice to the contrary. 

10.7 Adjustments; Set-off. (a) Except to the extent that this Agreement, any other Loan
Document or court order expressly provides for payments to be allocated to a particular Lender, if any Lender (a “Benefitted Lender”) receives any payment of all or part of the Obligations owing to it (other than in connection with
an assignment made pursuant to Section 10.6 or 3.12), or receives any collateral in respect thereof (whether voluntarily or involuntarily, by set-off, pursuant to events or proceedings of
the nature referred to in Section 8(f), or otherwise), in a greater proportion than any such payment to or collateral received by any other Lender, if any, in respect of the Obligations owing to such other Lender, such Benefitted Lender
shall purchase for cash from the other Lenders a participating interest in such portion of the Obligations owing to each such other Lender, or shall provide such other Lenders with the benefits of any such collateral, as shall be necessary to cause
such Benefitted Lender to share the excess payment or benefits of such collateral ratably with each of the Lenders; provided, however, that if all or any portion of such excess payment or benefits is thereafter recovered from such
Benefitted Lender, such purchase shall be rescinded, and the purchase price and benefits returned, to the extent of such recovery, but without interest. 

(b) In addition to any rights and remedies of the Lenders provided by law, each Lender shall have the right, upon the occurrence and during
the continuation of any Event of Default, and without any further notice to the Borrower, any such notice being expressly waived by the Borrower to the extent permitted by applicable law, upon any Obligations becoming due and payable by the Borrower
hereunder (whether at the stated maturity, by acceleration or otherwise), to set off and appropriate and apply against such Obligation any and all deposits (general or special, time or demand, provisional or final), in any currency, and any other
credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by such Lender, any affiliate thereof or any of their respective branches or agencies
to or for the credit or the account of the Borrower, as the case may be. Each Lender agrees promptly to notify the Borrower and the Administrative Agent after any such setoff and application made by such Lender, provided that the failure to
give such notice shall not affect the validity of such setoff and application. 
 10.8 Counterparts. This Agreement may be executed
by one or more of the parties to this Agreement on any number of separate counterparts, and all of said counterparts taken together shall 

  
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be deemed to constitute one and the same instrument. Delivery of an executed signature page of this Agreement by e-mail or facsimile transmission shall be effective as delivery of an original
executed counterpart thereof. A set of the copies of this Agreement signed by all the parties shall be lodged with the Borrower and the Administrative Agent. 

10.9 Severability. Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as to such
jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable
such provision in any other jurisdiction. 
 10.10 Integration. This Agreement and the other Loan Documents represent the entire
agreement of the Borrower, the Agents and the Lenders with respect to the subject matter hereof and thereof, and there are no promises, undertakings, representations or warranties by any Agent or any Lender relative to the subject matter hereof not
expressly set forth or referred to herein or in the other Loan Documents. 
 10.11 GOVERNING LAW. THIS AGREEMENT AND THE RIGHTS AND
OBLIGATIONS OF THE PARTIES UNDER THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 

10.12 Submission To Jurisdiction; Waivers. The Borrower hereby irrevocably and unconditionally: 

(a) submits for itself and its property in any legal action or proceeding relating to this Agreement and the other Loan
Documents to which it is a party, or for recognition and enforcement of any judgment in respect thereof, to the exclusive general jurisdiction of the courts of the State of New York sitting in New York County, the courts of the
United States for the Southern District of New York, and appellate courts from any thereof; 
 (b) consents that
any such action or proceeding may be brought in such courts and waives any objection that it may now or hereafter have to the venue of any such action or proceeding in any such court or that such action or proceeding was brought in an inconvenient
court and agrees not to plead or claim the same; 
 (c) agrees that service of process in any such action or proceeding may
be effected by mailing a copy thereof by registered or certified mail (or any substantially similar form of mail), postage prepaid, to the Borrower at its address set forth in Section 10.2 or at such other address of which the
Administrative Agent shall have been notified pursuant thereto; 
 (d) agrees that nothing herein shall affect the right to
effect service of process in any other manner permitted by law or shall limit the right to sue in any other jurisdiction; and 

(e) waives, to the maximum extent not prohibited by law, any right it may have to claim or recover in any legal action or
proceeding any special, exemplary, punitive or consequential damages. 
 10.13 Acknowledgments. The Borrower hereby acknowledges
that: 
 (a) it has been advised by counsel in the negotiation, execution and delivery of this Agreement and the other Loan
Documents; 

  
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 (b) no Agent or Lender has any fiduciary relationship with or duty to the
Borrower arising out of or in connection with this Agreement or any of the other Loan Documents, and the relationship between the Agents and Lenders, on one hand, and the Borrower, on the other hand, in connection herewith or therewith is solely
that of debtor and creditor; and 
 (c) no joint venture is created hereby or by the other Loan Documents or otherwise exists
by virtue of the transactions contemplated hereby among the Lenders or among the Borrower and the Lenders. 
 10.14 Releases of
Guarantees and Liens. (a) Notwithstanding anything to the contrary contained herein or in any other Loan Document, the Administrative Agent is hereby irrevocably authorized by each Secured Party, for itself and behalf of each of its
Affiliates that may hereafter become a Secured Party (without requirement of notice to or consent of any Secured Party except as expressly required by Section 10.1) to take any action requested by the Borrower (including, without
limitation, authorizing and instructing the Collateral Trustee to take such action) having the effect of releasing any Collateral or guarantee obligations (i) (x) with respect to Collateral, to the extent sold or otherwise disposed of in a
transaction permitted pursuant to Section 7.5 to a Person other than a Loan Party and (y) with respect to guarantee obligations, to the extent the applicable Guarantor ceases to be a Subsidiary of the Borrower as a result of a
transaction permitted under and in accordance with the Loan Documents or (ii) under the circumstances described in paragraph (b) below. 

(b) At such time as the Loans, the Reimbursement Obligations and the other obligations under the Loan Documents (other than
obligations under or in respect of Hedge Agreements) shall have been paid in full, the Revolving Commitments have been terminated, no Letters of Credit shall be outstanding or any outstanding Letters of Credit shall have been cash collateralized or
otherwise secured by a collateral arrangement reasonably satisfactory to the Issuing Lender or backstopped by another letter of credit reasonably satisfactory to the Issuing Lender, and each Specified Hedge Agreement and Specified Cash Management
Agreement of any Qualified Counterparty at such time shall have been paid in full or secured by a collateral arrangement satisfactory to such Qualified Counterparty as determined in its sole discretion, the Collateral shall be released from the
Liens created by the Security Documents, and the Security Documents and all obligations (other than those expressly stated to survive such termination) of the Administrative Agent and each Loan Party under the Security Documents shall terminate, all
without delivery of any instrument or performance of any act by any Person; provided that, upon written request, and at the expense of, the Borrower, the Administrative Agent shall take any action reasonably requested by the Borrower
(including, without limitation, authorizing and instructing the Collateral Trustee to take such action) having the effect of releasing any Collateral and Guarantees. 

10.15 Confidentiality. Each Agent and each Lender agrees to keep confidential all non-public information provided to it by any Loan
Party, any Agent or any Lender pursuant to or in connection this Agreement that is designated by the provider thereof as confidential; provided that nothing herein shall prevent any Agent or any Lender from disclosing any such information
(a) to any Agent, any other Lender or any affiliate thereof, (b) subject to an agreement to comply with the provisions of this Section, to any actual or prospective Transferee or any direct or indirect counterparty to any Hedge Agreement
(or any professional advisor to such counterparty), (c) to its employees, directors, agents, attorneys, accountants and other professional advisors or those of any of its affiliates who are advised by the Agent or Lender as to the confidential
nature of such information, (d) upon the request or demand of any Governmental Authority, (e) in response to any order of any court or other Governmental 

  
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Authority or as may otherwise be required pursuant to any Requirement of Law, (f) if requested or required to do so in connection with any litigation or similar proceeding, (g) that has
been publicly disclosed (other than as a result of a breach of confidentiality known by the Agent or Lender to have occurred), (h) to the National Association of Insurance Commissioners or any similar organization or any nationally recognized
rating agency that requires access to information about a Lender’s investment portfolio in connection with ratings issued with respect to such Lender, (i) in connection with the exercise of any remedy hereunder or under any other Loan
Document or (j) if agreed by the Borrower in its sole discretion, to any other Person. 
 Each Lender acknowledges that information
furnished to it pursuant to this Agreement or the other Loan Documents may include material non-public information concerning the Borrower and its Affiliates and their related parties or their respective securities, and confirms that it has
developed compliance procedures regarding the use of material non-public information and that it will handle such material non-public information in accordance with those procedures and applicable law, including Federal and state securities laws.

 All information, including requests for waivers and amendments, furnished by the Borrower or the Agents pursuant to, or in the course of
administering, this Agreement or the other Loan Documents will be syndicate-level information, which may contain material non-public information about the Borrower and its Affiliates and their related parties or their respective securities.
Accordingly, each Lender represents to the Borrower and the Agents that it has identified in its administrative questionnaire a credit contact who may receive information that may contain material non-public information in accordance with its
compliance procedures and applicable law, including Federal and state securities laws. 
 10.16 WAIVERS OF JURY TRIAL. THE BORROWER,
THE AGENTS AND THE LENDERS HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVE TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AND FOR ANY COUNTERCLAIM THEREIN. 

10.17 USA Patriot Act. Each Lender hereby notifies the Borrower that pursuant to the requirements of the USA Patriot Act (Title III of
Pub. L. 107-56 (signed into law October 26, 2001)) (the “Patriot Act”), it is required to obtain, verify and record information that identifies the Borrower and the Subsidiary Guarantors, which information includes the name and
address of the Borrower and the Subsidiary Guarantors and other information that will allow such Lender to identify the Borrower and the Subsidiary Guarantors in accordance with the Patriot Act. 

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

			
	CARMIKE CINEMAS, INC.
		
	By:		  

	Name:		
	Title:		

 [Signature Page to the Credit Agreement for Carmike Cinemas, Inc.] 

 
			
	JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, as Administrative Agent, Syndication Agent, Issuing Lender and Lender
		
	By:		  

			Name:
			Title:

 
			
	[    ], as a Lender
		
	By:		  

			Name:
			Title:

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