Document:

Amended and Restated Credit Agreement

 Exhibit 10.1 
 EXECUTION VERSION 
 AMENDED AND RESTATED CREDIT AGREEMENT 

Dated as of December 15, 2010 
 by and among 
 SOLO CUP CANADA INC. 

as the Borrower, 
 THE OTHER PERSONS PARTY HERETO THAT ARE 
 DESIGNATED AS CREDIT PARTIES,

 GE CANADA FINANCE HOLDING COMPANY, 
 for itself, as a Lender and as Agent for all Lenders, 
 and

 THE OTHER FINANCIAL INSTITUTIONS PARTY HERETO, 

as Lenders 

**************************************** 
 GE CAPITAL MARKETS CANADA, LTD. 
 GE CAPITAL MARKETS, INC.,

 as Sole Lead Arranger and Bookrunner 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 ARTICLE I
	 	    THE CREDITS	  	 	1	  
			
	 1.1
	 	Amounts and Terms of Commitments	  	 	1	  
			
	 1.2
	 	Notes	  	 	6	  
			
	 1.3
	 	Interest	  	 	6	  
			
	 1.4
	 	Loan Accounts	  	 	7	  
			
	 1.5
	 	Procedure for Revolving Credit Borrowing	  	 	8	  
			
	 1.6
	 	Conversion and Continuation Elections	  	 	9	  
			
	 1.7
	 	Optional Prepayments	  	 	10	  
			
	 1.8
	 	Mandatory Prepayments of Loans and Commitment Reductions	  	 	11	  
			
	 1.9
	 	Fees	  	 	12	  
			
	 1.10
	 	Payments by the Borrower	  	 	14	  
			
	 1.11
	 	Payments by the Lenders to Agent; Settlement	  	 	15	  
			
	 1.12
	 	Eligible Accounts	  	 	19	  
			
	 1.13
	 	Eligible Inventory	  	 	21	  
			
	 ARTICLE II
	 	    CONDITIONS PRECEDENT	  	 	23	  
			
	 2.1
	 	Conditions of Initial Loans	  	 	23	  
			
	 2.2
	 	Conditions to All Borrowings	  	 	25	  
			
	 ARTICLE III
	 	    REPRESENTATIONS AND WARRANTIES	  	 	26	  
			
	 3.1
	 	Corporate Existence and Power	  	 	26	  
			
	 3.2
	 	Corporate Authorization; No Contravention	  	 	27	  
			
	 3.3
	 	Governmental Authorization	  	 	27	  
			
	 3.4
	 	Binding Effect	  	 	27	  
			
	 3.5
	 	Litigation	  	 	27	  
			
	 3.6
	 	No Default	  	 	28	  
			
	 3.7
	 	Pension Plan and Benefit Plan Compliance	  	 	28	  
			
	 3.8
	 	Use of Proceeds	  	 	28	  
			
	 3.9
	 	Ownership of Property	  	 	29	  
			
	 3.10
	 	Taxes	  	 	29	  
			
	 3.11
	 	Financial Condition	  	 	29	  
			
	 3.12
	 	Environmental Matters	  	 	30	  

  
 -i-

 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
	 3.13
	 	Regulated Entities	  	 	31	  
			
	 3.14
	 	Solvency	  	 	31	  
			
	 3.15
	 	Labour Relations	  	 	31	  
			
	 3.16
	 	Intellectual Property	  	 	31	  
			
	 3.17
	 	Brokers’ Fees; Transaction Fees	  	 	31	  
			
	 3.18
	 	Insurance	  	 	32	  
			
	 3.19
	 	Ventures, Subsidiaries and Affiliates; Outstanding Stock	  	 	32	  
			
	 3.20
	 	Jurisdiction of Organization; Chief Executive Office	  	 	32	  
			
	 3.21
	 	Locations of Inventory, Equipment and Books and Records	  	 	32	  
			
	 3.22
	 	Deposit Accounts and Other Accounts	  	 	32	  
			
	 3.23
	 	Government Contracts	  	 	33	  
			
	 3.24
	 	Customer and Trade Relations	  	 	33	  
			
	 3.25
	 	Bonding	  	 	33	  
			
	 3.26
	 	Full Disclosure	  	 	33	  
			
	 3.27
	 	Counter-Terrorism Regulations and Anti-Money Laundering	  	 	33	  
			
	 ARTICLE IV
	 	    AFFIRMATIVE COVENANTS	  	 	34	  
			
	 4.1
	 	Financial Statements	  	 	34	  
			
	 4.2
	 	Appraisals; Certificates; Other Information	  	 	35	  
			
	 4.3
	 	Notices	  	 	37	  
			
	 4.4
	 	Preservation of Corporate Existence, Etc.	  	 	38	  
			
	 4.5
	 	Maintenance of Property	  	 	39	  
			
	 4.6
	 	Insurance	  	 	39	  
			
	 4.7
	 	Payment of Obligations	  	 	40	  
			
	 4.8
	 	Compliance with Laws; Pension Plans and Benefit Plans	  	 	41	  
			
	 4.9
	 	Inspection of Property and Books and Records	  	 	41	  
			
	 4.10
	 	Use of Proceeds	  	 	42	  
			
	 4.11
	 	Cash Management Systems	  	 	42	  
			
	 4.12
	 	Landlord Agreements	  	 	42	  
			
	 4.13
	 	Further Assurances	  	 	42	  
			
	 4.14
	 	Environmental Matters	  	 	43	  

  
 -ii-

 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
	 ARTICLE V
	 	    NEGATIVE COVENANTS	  	 	43	  
			
	 5.1
	 	Limitation on Liens	  	 	44	  
			
	 5.2
	 	Disposition of Assets	  	 	45	  
			
	 5.3
	 	Amalgamation, Consolidations and Mergers	  	 	46	  
			
	 5.4
	 	Acquisitions; Loans and Investments	  	 	46	  
			
	 5.5
	 	Limitation on Indebtedness	  	 	47	  
			
	 5.6
	 	Employee Loans and Transactions with Affiliates	  	 	47	  
			
	 5.7
	 	Management Fees and Compensation	  	 	48	  
			
	 5.8
	 	Contingent Obligations	  	 	48	  
			
	 5.9
	 	Compliance with Pension and Benefit Plans	  	 	49	  
			
	 5.10
	 	Restricted Payments	  	 	49	  
			
	 5.11
	 	Change in Business	  	 	49	  
			
	 5.12
	 	Change in Structure	  	 	50	  
			
	 5.13
	 	Changes in Accounting, Name or Jurisdiction of Organization	  	 	50	  
			
	 5.14
	 	[Intentionally Deleted]	  	 	50	  
			
	 5.15
	 	No Negative Pledges	  	 	50	  
			
	 5.16
	 	Counter-Terrorism Regulations Anti-Money Laundering	  	 	50	  
			
	 5.17
	 	Sale-Leasebacks	  	 	51	  
			
	 5.18
	 	Hazardous Materials	  	 	51	  
			
	 5.19
	 	Prepayments of Other Indebtedness	  	 	51	  
			
	 ARTICLE VI
	 	    FINANCIAL COVENANTS	  	 	51	  
			
	 6.1
	 	Availability Block	  	 	51	  
			
	 6.2
	 	Fixed Charge Coverage Ratio	  	 	51	  
			
	 ARTICLE VII
	 	    EVENTS OF DEFAULT	  	 	51	  
			
	 7.1
	 	Events of Default	  	 	51	  
			
	 7.2
	 	Remedies	  	 	54	  
			
	 7.3
	 	Rights Not Exclusive	  	 	54	  
			
	 7.4
	 	Cash Collateral for Letters of Credit	  	 	54	  
			
	 ARTICLE VIII
	 	    THE AGENT	  	 	55	  
			
	 8.1
	 	Appointment and Duties	  	 	55	  
			
	 8.2
	 	Binding Effect	  	 	56	  
			
	 8.3
	 	Use of Discretion	  	 	56	  

  
 -iii-

 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
	 8.4
	 	Delegation of Rights and Duties	  	 	57	  
			
	 8.5
	 	Reliance and Liability	  	 	57	  
			
	 8.6
	 	Agent Individually	  	 	59	  
			
	 8.7
	 	Lender Credit Decision	  	 	59	  
			
	 8.8
	 	Expenses; Indemnities; Withholding	  	 	60	  
			
	 8.9
	 	Resignation of Agent or L/C Issuer	  	 	61	  
			
	 8.10
	 	Release of Collateral or Guarantors	  	 	61	  
			
	 8.11
	 	Additional Secured Parties	  	 	62	  
			
	 ARTICLE IX
	 	    MISCELLANEOUS	  	 	63	  
			
	 9.1
	 	Amendments and Waivers	  	 	63	  
			
	 9.2
	 	Notices	  	 	64	  
			
	 9.3
	 	Electronic Transmissions	  	 	65	  
			
	 9.4
	 	No Waiver; Cumulative Remedies	  	 	67	  
			
	 9.5
	 	Costs and Expenses	  	 	67	  
			
	 9.6
	 	Indemnity	  	 	67	  
			
	 9.7
	 	Marshaling; Payments Set Aside	  	 	68	  
			
	 9.8
	 	Successors and Assigns	  	 	69	  
			
	 9.9
	 	Assignments and Participations; Binding Effect	  	 	69	  
			
	 9.10
	 	Non-Public Information; Confidentiality	  	 	72	  
			
	 9.11
	 	Set-off; Sharing of Payments	  	 	73	  
			
	 9.12
	 	Counterparts; Facsimile Signature	  	 	74	  
			
	 9.13
	 	Severability	  	 	75	  
			
	 9.14
	 	Captions	  	 	75	  
			
	 9.15
	 	Independence of Provisions	  	 	75	  
			
	 9.16
	 	Interpretation	  	 	75	  
			
	 9.17
	 	No Third Parties Benefited	  	 	75	  
			
	 9.18
	 	Governing Law and Jurisdiction	  	 	75	  
			
	 9.19
	 	Waiver of Jury Trial	  	 	76	  
			
	 9.20
	 	Entire Agreement; Release; Survival	  	 	76	  
			
	 9.21
	 	Anti-Money Laundering Legislation	  	 	77	  
			
	 9.22
	 	Replacement of Lender	  	 	78	  

  
 -iv-

 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
	 9.23
	 	Joint and Several	  	 	78	  
			
	 9.24
	 	Creditor-Debtor Relationship	  	 	78	  
			
	 9.25
	 	Actions in Concert	  	 	79	  
			
	 ARTICLE X
	 	    TAXES, YIELD PROTECTION AND ILLEGALITY	  	 	79	  
			
	 10.1
	 	Taxes	  	 	79	  
			
	 10.2
	 	Illegality	  	 	80	  
			
	 10.3
	 	Increased Costs and Reduction of Return	  	 	80	  
			
	 10.4
	 	Funding Losses	  	 	82	  
			
	 10.5
	 	Inability to Determine Rates	  	 	82	  
			
	 10.6
	 	Reserves on LIBOR Rate Loans	  	 	83	  
			
	 10.7
	 	Certificates of Lenders	  	 	83	  
			
	 ARTICLE XI
	 	    DEFINITIONS	  	 	83	  
			
	 11.1
	 	Defined Terms	  	 	83	  
			
	 11.2
	 	Other Interpretive Provisions	  	 	103	  
			
	 11.3
	 	Accounting Terms and Principles	  	 	104	  
			
	 11.4
	 	Payments	  	 	105	  
			
	 11.5
	 	Currency Matters	  	 	105	  
			
	 11.6
	 	Judgment Currency	  	 	105	  

  
 -v-

 SCHEDULES 

 

			
	 Schedule 1.1(b)
	  	Revolving Loan Commitments
	 Schedule 3.5
	  	Litigation
	 Schedule 3.7
	  	Pension Plans
	 Schedule 3.8
	  	Amendment and Restatement Date Sources and Uses; Funds Flow Memorandum
	 Schedule 3.9
	  	Ownership of Property
	 Schedule 3.12
	  	Environmental
	 Schedule 3.15
	  	Labour Relations
	 Schedule 3.16
	  	Intellectual Property
	 Schedule 3.18
	  	Insurance
	 Schedule 3.19
	  	Ventures, Subsidiaries and Affiliates; Outstanding Stock
	 Schedule 3.20
	  	Jurisdiction of Organization; Chief Executive Office
	 Schedule 3.21
	  	Locations of Inventory, Equipment and Books and Records
	 Schedule 3.22
	  	Deposit Accounts and Other Accounts
	 Schedule 3.23
	  	Government Contracts
	 Schedule 3.25
	  	Bonding
	 Schedule 5.1
	  	Liens
	 Schedule 5.4
	  	Investments
	 Schedule 5.5
	  	Indebtedness
	 Schedule 5.6
	  	Employee Loans and Transactions with Affiliates
	 Schedule 5.8
	  	Contingent Obligations

 EXHIBITS

  

			
	 Exhibit 1.1(b)
	  	Form of L/C Request
	 Exhibit 1.6(a)
	  	Form of Notice of Conversion/Continuation – BA Rate
	 Exhibit 1.6(b)
	  	Form of Notice of Conversion/Continuation - LIBOR
	 Exhibit 2.1(a)
	  	Closing Checklist
	 Exhibit 4.2(b)
	  	Form of Compliance Certificate
	 Exhibit 11.1(a)
	  	Form of Assignment
	 Exhibit 11.1(b)
	  	Form of Borrowing Base Certificate
	 Exhibit 11.1(c)
	  	Form of Notice of Borrowing
	 Exhibit 11.1(d)
	  	Form of Revolving Note

 CREDIT AGREEMENT 

This AMENDED AND RESTATED CREDIT AGREEMENT (including all exhibits and schedules hereto, as the same may be amended, modified and/or
restated from time to time, this “Agreement”) is entered into as of December 15, 2010 by and among SOLO CUP CANADA INC., an Ontario corporation (the “Borrower”), the other Persons party hereto that are designated as a
“Credit Party”, GE Canada Finance Holding Company, a Nova Scotia unlimited liability company (in its individual capacity, “GE Capital”), as Agent for the several financial institutions from time to time party to this Agreement
(collectively, the “Lenders” and individually each a “Lender”) and for itself as a Lender, and such Lenders. 

W I T N E S S E T H: 
 WHEREAS, the Borrower and GE Capital, as Agent and Lender, are parties to the credit agreement dated as of September 24, 2004, as amended on October 19, 2006, November 16, 2007 and
February 9, 2009 and wish to amend and restate such credit agreement in its entirety in this Agreement; 
 WHEREAS, the
Borrower has requested, and the Lenders have agreed to continue to make available to the Borrower, a revolving credit facility (including a letter of credit subfacility) upon and subject to the terms and conditions set forth in this Agreement to
(a) capitalize, in part, the Special Purpose Subsidiary, (b) provide for working capital, capital expenditures and other general corporate purposes of the Borrower and (c) fund certain fees and expenses associated with the funding of
the Loans; 
 WHEREAS, the Borrower desires to secure all of its Obligations under the Loan Documents by confirming its prior
granting to Agent, for the benefit of the Secured Parties, of a security interest in and lien upon substantially all of its Property; 
 NOW, THEREFORE, in consideration of the mutual agreements, provisions and covenants contained herein, the parties hereto agree as follows: 

ARTICLE I 

THE CREDITS 
 1.1 Amounts and Terms of Commitments. 
 (a) The Revolving
Credit. 
 (i) Subject to the terms and conditions of this Agreement and in reliance upon the representations
and warranties of the Credit Parties contained herein, each Revolving Lender severally and not jointly agrees to make Loans to the Borrower (each such Loan, a “Revolving Loan”) from time to time on any Business Day during the period
from the Amendment and Restatement Date through the Final Availability Date, in an aggregate amount not to exceed at any time outstanding the amount set forth opposite such Lender’s name in Schedule 1.1(b) under the heading
“Revolving Loan Commitments” (such amount as the same may be reduced or increased from time to time in accordance with this Agreement, being referred to herein as such Lender’s “Revolving Loan Commitment”);
provided, however, that, after giving effect to any Borrowing of Revolving Loans, the aggregate principal amount of all outstanding Revolving Loans shall not exceed the Maximum Revolving Loan Balance less an amount of $1,000,000. Subject to the
other terms and conditions hereof, amounts borrowed under this subsection 1.1(a) may be repaid and reborrowed from time to time. The “Maximum Revolving Loan Balance” from time to time will be the lesser of: 

(A) the Borrowing Base (as calculated pursuant to the Borrowing Base Certificate) in effect from time to time, or

 (B) the Aggregate Revolving Loan Commitment then in effect; 

 less, in either case, the aggregate amount of Letter of Credit Obligations. 

If at any time the then outstanding principal balance of Revolving Loans exceeds the Maximum Revolving Loan Balance less an amount of $1,000,000, then
the Borrower shall immediately repay the outstanding Revolving Loans to the extent required to eliminate such excess and then, if any excess still remains after repayment in full of the outstanding Revolving Loans, cash collateralize outstanding
Letters of Credit in an amount sufficient to eliminate such excess in accordance herewith and in a manner satisfactory to the L/C Issuers. 
 (ii) If the Borrower requests that Revolving Lenders make, or permit to remain outstanding Revolving Loans in excess of the Borrowing Base less an amount of $1,000,000 (any such excess Revolving Loan is
herein referred to as an “Overadvance”), Agent may, in its sole discretion, elect to make, or permit to remain outstanding such Overadvance; provided, however, that Agent may not cause Revolving Lenders to make, or permit to remain
outstanding, (A) aggregate Revolving Loans in excess of the Aggregate Revolving Loan Commitment less the aggregate amount of Letter of Credit Obligations less an amount of $1,000,000 or (B) an Overadvance in an aggregate amount in excess
of 10% of the Aggregate Revolving Loan Commitment. If an Overadvance is made, or permitted to remain outstanding, pursuant to the preceding sentence, then all Revolving Lenders shall be bound to make, or permit to remain outstanding, such
Overadvance based upon their Commitment Percentage of the Aggregate Revolving Loan Commitment in accordance with the terms of this Agreement, regardless of whether the conditions to lending set forth in Section 2.2 have been met.
Furthermore, Required Lenders may prospectively revoke Agent’s ability to make or permit Overadvances by written notice to Agent. All Overadvances shall constitute Canadian Prime Rate Loans (if such Overadvances are denominated in Canadian
Dollars) or U.S. Base Rate Loans (if such Overadvances are denominated in U.S. Dollars) and shall bear interest at the Canadian Prime Rate (if such Overadvances are Canadian Prime Rate Loans) or the U.S. Base Rate (if such Overadvances are U.S. Base
Rate Loans) plus the Applicable Margin for Revolving Loans and the default rate under subsection 1.3(c). 

  
 2 

 (b) Letters of Credit. 

(i) Conditions. On the terms and subject to the conditions contained herein, Borrower may request that one or more
L/C Issuers Issue, in accordance with such L/C Issuers’ usual and customary business practices and for the account of the Borrower, Letters of Credit (denominated in Canadian Dollars or U.S. Dollars) from time to time on any Business Day during
the period from the Amendment and Restatement Date through the earlier of (x) the Final Availability Date and (y) seven (7) days prior to the date specified in clause (a) of the definition of Revolving Termination Date;
provided, however, that no L/C Issuer shall be required to Issue any Letter of Credit upon the occurrence of any of the following or, if after giving effect to such Issuance: 

(A) (i) Availability would be less than $1,000,000, or (ii) the Letter of Credit Obligations for all Letters of
Credit would exceed $2,000,000 (the “L/C Sublimit”); 
 (B) the expiration date of such Letter of
Credit (i) is not a Business Day, (ii) is more than one year after the date of issuance thereof or (iii) is later than seven (7) days prior to the date specified in clause (a) of the definition of Revolving
Termination Date; provided, however, that any Letter of Credit with a term not exceeding one year may provide for its renewal for additional periods not exceeding one year as long as (x) each of the Borrower and such L/C Issuer have the option
to prevent such renewal before the expiration of such term or any such period and (y) neither such L/C Issuer nor any Borrower shall permit any such renewal to extend such expiration date beyond the date set forth in clause
(iii) above; or 
 (C) (i) any fee due in connection with, and on or prior to, such Issuance has not
been paid, (ii) such Letter of Credit is requested to be issued in a form that is not acceptable to such L/C Issuer or (iii) such L/C Issuer shall not have received, each in form and substance reasonably acceptable to it and duly executed
by the Borrower, the documents that such L/C Issuer generally uses in the Ordinary Course of Business for the Issuance of letters of credit of the type of such Letter of Credit (collectively, the “L/C Reimbursement Agreement”). 

Furthermore, GE Capital may only be required to issue Letters of Credit to the extent permitted by Requirements of Law and, as an L/C Issuer, may elect
only to issue Letters of Credit in its own name and such Letters of Credit may not be accepted by certain beneficiaries such as insurance companies. For each Issuance, the applicable L/C Issuer may, but shall not be required to, determine that, or
take notice whether, the conditions precedent set forth in Section 2.2 have been satisfied or waived in connection with the Issuance of any Letter of Credit; provided, however, that no Letter of Credit shall be Issued during the period
starting on the first Business Day after the receipt by such L/C Issuer of notice from Agent or the Required Lenders that any condition precedent contained in Section 2.2 is not satisfied and ending on the date all such conditions are
satisfied or duly waived. 
 Notwithstanding anything else to the contrary herein, if any Lender is a Non-Funding Lender or Impacted Lender, no
L/C Issuer shall be obligated to Issue any Letter of Credit unless (w) the Non-Funding Lender or Impacted Lender has been replaced in accordance with Section 9.9 or 9.22, (x) the Letter of Credit Obligations of such
Non-Funding Lender or Impacted Lender have been cash collateralized, or (y) the Revolving Loan Commitments of the other Lenders have been increased by an amount sufficient to satisfy Agent that all future Letter of Credit Obligations will be
covered by all Revolving Lenders that are not Non-Funding Lenders or Impacted Lenders, or (z) the Letter of Credit Obligations of such Non-Funding Lender or Impacted Lender have been reallocated to other Revolving Lenders in a manner consistent
with subsection 1.11(e)(ii). 

  
 3 

 (ii) Notice of Issuance. The Borrower shall give the relevant L/C
Issuer and Agent a notice of any requested Issuance of any Letter of Credit, which shall be effective only if received by such L/C Issuer and Agent not later than 2:00 p.m. (Toronto time) on the second Business Day prior to the date of such
requested Issuance. Such notice shall be made in a writing or Electronic Transmission substantially in the form of Exhibit 1.1(b) duly completed or in a writing in any other form acceptable to such L/C Issuer (an “L/C Request”).

 (iii) Reporting Obligations of L/C Issuers. Each L/C Issuer agrees to provide Agent, in form and
substance satisfactory to Agent, each of the following on the following dates: (A) (i) on or prior to any Issuance of any Letter of Credit by such L/C Issuer, (ii) immediately after any drawing under any such Letter of Credit or
(iii) immediately after any payment (or failure to pay when due) by the Borrower of any related L/C Reimbursement Obligation, notice thereof, which shall contain a detailed description of such Issuance, drawing or payment, and Agent shall
provide copies of such notices to each Revolving Lender reasonably promptly after receipt thereof; (B) upon the request of Agent (or any Revolving Lender through Agent), copies of any Letter of Credit Issued by such L/C Issuer and any related
L/C Reimbursement Agreement and such other documents and information as may reasonably be requested by Agent; and (C) on the first Business Day of each calendar week, a schedule of the Letters of Credit Issued by such L/C Issuer, in form and
substance reasonably satisfactory to Agent, setting forth the Letter of Credit Obligations for such Letters of Credit outstanding on the last Business Day of the previous calendar week. 

(iv) Acquisition of Participations. Upon any Issuance of a Letter of Credit in accordance with the terms of this
Agreement resulting in any increase in the Letter of Credit Obligations, each Revolving Lender shall be deemed to have acquired, without recourse or warranty, an undivided interest and participation in such Letter of Credit and the related Letter of
Credit Obligations in an amount equal to its Commitment Percentage of such Letter of Credit Obligations. 
 (v)
Reimbursement Obligations of the Borrower. The Borrower agrees to pay to the L/C Issuer of any Letter of Credit or, at the option of Agent, to Agent for the benefit of such L/C Issuer, each L/C Reimbursement Obligation owing with respect to
such Letter of Credit no later than the second Business Day after the Borrower receives notice from such L/C Issuer or from Agent that payment has been made under such Letter of Credit or that such L/C Reimbursement Obligation is otherwise due (the
“L/C Reimbursement Date”) with interest thereon computed as set forth in clause (A) below. In the event that any L/C Reimbursement Obligation is not repaid by the Borrower as provided in this clause (v) (or any such
payment by the Borrower is rescinded or set aside for any reason), such L/C Issuer shall promptly notify Agent of such failure (and, upon receipt of such notice, Agent shall notify each Revolving Lender) and, irrespective of whether such notice is
given, such L/C Reimbursement Obligation shall be payable by the Borrower on demand with interest thereon computed (A) from the date on which such L/C Reimbursement Obligation arose to the L/C Reimbursement Date, at the interest rate applicable
during such period to Revolving Loans that are Canadian Prime Rate Loans (if such L/C Reimbursement Obligations are denominated in Canadian Dollars) or U.S. Base Rate Loans (if such L/C Reimbursement Obligations are denominated in U.S. Dollars) and
(B) thereafter until payment in full, at the interest rate applicable during such period to past due Revolving Loans that are Canadian Prime Rate Loans (if such L/C Reimbursement Obligations are denominated in Canadian Dollars) or U.S. Base
Rate Loans (if such L/C such Reimbursement Obligations are denominated in U.S. Dollars). 

  
 4 

 (vi) Reimbursement Obligations of the Revolving Credit Lenders.

 (A) Upon receipt of the notice described in clause (v) above from Agent, each Revolving Lender shall pay
to Agent for the account of such L/C Issuer its Commitment Percentage of such Letter of Credit Obligations (as such amount may be increased pursuant to subsection 1.11(e)(ii)). 

(B) By making any payments described in clause (A) above (other than during the continuation of an Event of Default
under subsection 7.1(f) or 7.1(g)), such Lender shall be deemed to have made a Revolving Loan to the Borrower, which, upon receipt thereof by the Agent for the benefit of such L/C Issuer, the Borrower shall be deemed to have used in
whole to repay such L/C Reimbursement Obligation. Any such payment that is not deemed a Revolving Loan shall be deemed a funding by such Lender of its participation in the applicable Letter of Credit and the Letter of Credit Obligation in respect of
the related L/C Reimbursement Obligations. Such participation shall not otherwise be required to be funded. Following receipt by any L/C Issuer of any payment from any Lender pursuant to this clause (vi) with respect to any portion of any L/C
Reimbursement Obligation, such L/C Issuer shall promptly pay to the Agent, for the benefit of such Lender, all amounts received by such L/C Issuer (or to the extent such amounts shall have been received by the Agent for the benefit of such L/C
Issuer, the Agent shall promptly pay to such Lender all amounts received by the Agent for the benefit of such L/C Issuer) with respect to such portion of such L/C Reimbursement Obligation. 

(vii) Obligations Absolute. The obligations of the Borrower and the Revolving Lenders pursuant to clauses
(iv), (v) and (vi) above shall be absolute, unconditional and irrevocable and performed strictly in accordance with the terms of this Agreement irrespective of (A) (i) the invalidity or unenforceability of any
term or provision in any Letter of Credit, any document transferring or purporting to transfer a Letter of Credit, any Loan Document (including the sufficiency of any such instrument), or any modification to any provision of any of the foregoing,
(ii) any document presented under a Letter of Credit being forged, fraudulent, invalid, insufficient or inaccurate in any respect or failing to comply with the terms of such Letter of Credit or (iii) any loss or delay, including in the
transmission of any document, (B) the existence of any setoff, claim, abatement, recoupment, defence or other right that any Person (including any Credit Party) may have against the beneficiary of any Letter of Credit or any other Person,
whether in connection with any Loan Document or any other Contractual Obligation or transaction, or the existence of any other withholding, abatement or reduction, (C) in the case of the obligations of any Revolving Lender, (i) the failure
of any condition precedent set forth in Section 2.2 to be satisfied (each of which conditions precedent the Revolving Lenders hereby irrevocably waive) or (ii) any adverse change in the condition (financial or otherwise) of any
Credit Party and (D) any other act or omission to act or delay of any kind of Agent, any Lender or any other Person or any other event or circumstance whatsoever, whether or not similar to any of the foregoing, that might, but for the
provisions of this clause (vii), constitute a legal or equitable discharge of any obligation of the Borrower or any Revolving Lender hereunder. No provision hereof shall be deemed to waive or limit the Borrower’s right to seek repayment
of any payment of any L/C Reimbursement Obligations from the L/C Issuer under the terms of the applicable L/C Reimbursement Agreement or applicable law. 

  
 5 

 1.2 Notes. 
 The Revolving Loans made by each Revolving Lender shall be evidenced by this Agreement and, if requested by such Lender, a Revolving Note payable to such Lender in an amount equal to such Lender’s
Revolving Loan Commitment. 
 1.3 Interest. 

(a) Subject to subsections 1.3(c) and 1.3(d), each Loan shall bear interest on the outstanding principal
amount thereof from the date when made at a rate per annum equal to the BA Rate, LIBOR, the Canadian Prime Rate or the U.S. Base Rate, as the case may be, plus the Applicable Margin. Each determination of an interest rate by Agent shall be
conclusive and binding on the Borrower and the Lenders in the absence of manifest error. All computations of fees and interest payable under this Agreement shall be made (i) if based on the U.S. Base Rate or LIBOR, on the basis of a 360-day
year and (ii) if based on the Canadian Prime Rate, the BA Rate or in any other instance, on the basis of a 365-day or 366-day year, as the case may be, and, in each case, actual days elapsed. Interest and fees shall accrue during each period
during which interest or such fees are computed from the first day thereof to the last day thereof. 
 (b)
Interest on each Loan shall be paid in arrears on each Interest Payment Date. Interest shall also be paid on the date of any payment in full of Revolving Loans on the Revolving Termination Date. 

(c) At the election of Agent or the Required Lenders while any Event of Default exists (or automatically while any Event
of Default under subsection 7.1(a), 7.1(f) or 7.1(g) exists), the Borrower shall, subject to the Interest Act (Canada), pay interest (after as well as before entry of judgment thereon to the extent permitted by law) on
the Loans under the Loan Documents from and after the date of occurrence of such Event of Default, at a rate per annum which is determined by adding two percent (2.0%) per annum to the Applicable Margin then in effect for such Loans (plus the
BA Rate, LIBOR, Canadian Prime Rate or U.S. Base Rate, as the case may be). All such interest shall be payable on demand of Agent or the Required Lenders. 
 (d) If any provision of this Agreement or of any of the other Loan Documents would obligate Borrower or any other Credit Party to make any payment of interest or other amount payable to any Lender in an
amount or calculated at a rate which would be prohibited by law or would result in a receipt by such Lender of interest at a criminal rate (as such terms are construed under the Criminal Code (Canada)) then, notwithstanding such provisions, such
amount or rate shall be deemed to have been adjusted with retroactive effect to the maximum amount or rate of interest, as the case may be, as would not be so prohibited by law or so result in a receipt by such Lender of interest at a criminal rate,
such adjustment to be effected, to the extent necessary, as follows: (1) firstly, by reducing the amount or rate of interest required to be paid to such Lender under this Section 1.3, and (2) thereafter, by reducing any fees,
commissions, premiums and other amounts required to be paid to such Lender which would constitute “interest” for purposes of Section 347 of the Criminal Code (Canada). Any amount or rate of interest referred to in this
Section 1.3(d) shall be determined in accordance with generally accepted actuarial practices and principles as an effective annual rate of interest over the term that the applicable Loan remains outstanding on the assumption that any
charges, fees or expenses that fall within the meaning of “interest” (as defined in the Criminal Code (Canada)) shall, if they relate to a specific period of time, be pro-rated over that period of time and otherwise be pro-rated over the
period from the Amendment and Restatement Date to the Revolving Termination Date and, in the event of a dispute, a certificate of a Fellow of the Canadian Institute of Actuaries appointed by Agent shall be conclusive for the purposes of such
determination. 

  
 6 

 (e) For purposes of disclosure pursuant to the Interest Act (Canada),
the annual rates of interest or fees to which the rates of interest or fees provided in this Agreement and the other Loan Documents (and stated herein or therein, as applicable, to be computed on the basis of a 360 day year or any other period of
time less than a calendar year) are equivalent are the rates so determined multiplied by the actual number of days in the applicable calendar year and divided by 360 or such other period of time, respectively. 

1.4 Loan Accounts. 
 (a) Agent, on behalf of the Lenders, shall record on its books and records the amount of each Loan made, the interest rate applicable, all payments of principal and interest thereon and the principal
balance thereof from time to time outstanding. Agent shall deliver to the Borrower on a monthly basis a loan statement setting forth such record for the immediately preceding calendar month. Such record shall, absent manifest error, be conclusive
evidence of the amount of the Loans made by the Lenders to the Borrower and the interest and payments thereon. Any failure to so record or any error in doing so, or any failure to deliver such loan statement shall not, however, limit or otherwise
affect the obligation of the Borrower hereunder (and under any Note) to pay any amount owing with respect to the Loans or provide the basis for any claim against Agent. 

(b) Agent, acting as a non-fiduciary agent of the Borrower solely for tax purposes and solely with respect to the actions
described in this subsection 1.4(b), shall establish and maintain at its address referred to in Section 9.2 (or at such other address as Agent may notify the Borrower) (A) a record of ownership (the “Register”) in
which Agent agrees to register by book entry the interests (including any rights to receive payment hereunder) of Agent, each Lender and each L/C Issuer in the Revolving Loans, L/C Reimbursement Obligations, and Letter of Credit Obligations, each of
their obligations under this Agreement to participate in each Loan, Letter of Credit, Letter of Credit Obligations, and L/C Reimbursement Obligations, and any assignment of any such interest, obligation or right and (B) accounts in the Register
in accordance with its usual practice in which it shall record (1) the names and addresses of the Lenders and the L/C Issuers (and each change thereto pursuant to Sections 9.9 and 9.22), (2) the Commitments of each Lender,
(3) the amount of each Loan and each funding of any participation described in clause (A) above, and for BA Rate Loans, the BA Period applicable thereto, and for LIBOR Rate Loans, the Interest Period applicable thereto, (4) the
amount of any principal or interest due and payable or paid, (5) the amount of the L/C Reimbursement Obligations due and payable or paid in respect of Letters of Credit and (6) any other payment received by Agent from the Borrower and its
application to the Obligations. 

  
 7 

 (c) Notwithstanding anything to the contrary contained in this Agreement,
the Loans (including any Notes evidencing such Loans and, in the case of Revolving Loans, the corresponding obligations to participate in Letter of Credit Obligations) and the L/C Reimbursement Obligations are registered obligations, the right,
title and interest of the Lenders and the L/C Issuers and their assignees in and to such Loans or L/C Reimbursement Obligations, as the case may be, shall be transferable only upon notation of such transfer in the Register and no assignment thereof
shall be effective until recorded therein. 
 (d) The Credit Parties, Agent, the Lenders and the L/C Issuers
shall treat each Person whose name is recorded in the Register as a Lender or L/C Issuer, as applicable, for all purposes of this Agreement. Information contained in the Register with respect to any Lender or any L/C Issuer shall be available for
access by the Borrower, Agent, such Lender or such L/C Issuer during normal business hours and from time to time upon at least one Business Day’s prior notice. No Lender or L/C Issuer shall, in such capacity, have access to or be otherwise
permitted to review any information in the Register other than information with respect to such Lender or L/C Issuer unless otherwise agreed by Agent. 
 1.5 Procedure for Revolving Credit Borrowing. 
 (a) Each
Borrowing of a Revolving Loan shall be made upon the Borrower’s irrevocable (subject to Section 10.5) written notice delivered to Agent substantially in the form of a Notice of Borrowing or in a writing in any other form acceptable
to Agent, which notice must be received by Agent prior to 11:00 a.m. (Toronto time) (i) on the requested Borrowing date of each Prime Rate Loan, (ii) on the day which is one (1) Business Day prior to the requested Borrowing date in
the case of each BA Rate Loan, and (iii) on the day which is two (2) Business Days prior to the requested Borrowing date in the case of each LIBOR Rate Loan. Such Notice of Borrowing shall specify: 

(i) the amount of the Borrowing (which shall be in an aggregate minimum principal amount of $100,000); 

(ii) the requested Borrowing date, which shall be a Business Day; 

(iii) whether the Borrowing is to be comprised of Canadian Prime Rate Loans, U.S. Base Rate Loans, BA Rate Loans or LIBOR
Rate Loans; 
 (iv) if the Borrowing is to be BA Rate Loans, the BA Period applicable to such Loans; and

  
 8 

 (v) if the Borrowing is to be LIBOR Rate Loans, the Interest Period
applicable to such Loans. 
 (b) Upon receipt of a Notice of Borrowing, Agent will promptly notify each Revolving
Lender of such Notice of Borrowing and of the amount of such Lender’s Commitment Percentage of the Borrowing. 
 (c) Unless Agent is otherwise directed in writing by the Borrower, the proceeds of each requested Borrowing after the Amendment and Restatement Date will be made available to the Borrower by Agent by wire
transfer of such amount to the Borrower pursuant to the wire transfer instructions specified on the signature page hereto. 

1.6 Conversion and Continuation Elections. 

(a) The Borrower shall have the option to (i) request that any Revolving Loan denominated in Canadian Dollars be made
as a BA Rate Loan, (ii) convert at any time all or any part of outstanding Canadian Prime Rate Loans to BA Rate Loans, (iii) convert any BA Rate Loan to a Canadian Prime Rate Loan, subject to Section 10.4 if such conversion is
made prior to the expiration of the BA Period applicable thereto, or (iv) continue all or any portion of any Canadian Prime Rate Loan as a BA Rate Loan. Any Loan or group of Loans having the same proposed BA Period to be made or continued as,
or converted into, a BA Rate Loan must be in a minimum amount of $1,000,000. Any such election must be made by Borrower by 2:00 p.m. (Toronto time) on the 3rd Business Day prior to (1) the date of any proposed Revolving Loan which is to bear
interest at the BA Rate, (2) the end of each BA Period with respect to any BA Rate Loans to be continued as such, or (3) the date on which the Borrower wish to convert any Canadian Prime Rate Loan to a BA Rate Loan for a BA Period
designated by Borrower in such election. If no election is received with respect to a BA Rate Loan by 2:00 p.m. (Toronto time) on the 3rd Business Day prior to the end of the BA Period with respect thereto, that BA Rate Loan shall be converted to a
Canadian Prime Rate Loan at the end of its BA Period. Borrower must make such election by notice to Agent in writing, including by Electronic Transmission. In the case of any conversion or continuation, such election must be made pursuant to a
written notice (a “Notice of Conversion/Continuation – BA Rate”) substantially in the form of Exhibit 1.6(a) or in a writing in any other form acceptable to Agent. No Loan shall be made, converted into or continued as a BA Rate
Loan, if the conditions to Loans and Letters of Credit in Section 2.2 are not met at the time of such proposed conversion or continuation and Agent or Required Lenders have determined not to make or continue any Loan as a BA Rate Loan as
a result thereof. 
 (b) The Borrower shall have the option to (i) request that any Revolving Loan
denominated in U.S. Dollars be made as a LIBOR Rate Loan, (ii) convert at any time all or any part of outstanding Loans from U.S. Base Rate Loans to LIBOR Rate Loans, (iii) convert any LIBOR Rate Loan to a U.S. Base Rate Loan, subject to
Section 10.4 if such conversion is made prior to the expiration of the Interest Period applicable thereto, or (iv) continue all or any portion of any U.S. Base Rate Loan as a LIBOR Rate Loan upon the expiration of the applicable
Interest Period. Any Loan or group of Loans having the same proposed Interest Period to be made or continued as, or converted into, a LIBOR Rate Loan must be in a minimum amount of US$1,000,000. Any such election must be made by Borrower by 2:00
p.m. (Toronto time) on the 3rd Business Day prior to (1) the date of any proposed Revolving Loan which is to bear interest at LIBOR, (2) the end of each Interest Period with respect to any LIBOR Rate Loans to be continued as such, or
(3) the date on which the Borrower wish to convert any U.S. Base Rate Loan to a LIBOR Rate Loan for an Interest Period designated by Borrower in such election. If no election is received with respect to a LIBOR Rate Loan by 2:00 p.m. (Toronto
time) on the 3rd Business Day prior to the end of the Interest Period with respect thereto, that LIBOR Rate Loan shall be converted to a U.S. Base Rate Loan at the end of its Interest Period. Borrower must make such election by notice to Agent in
writing, including by Electronic Transmission. In the case of any conversion or continuation, such election must be made pursuant to a written notice (a “Notice of Conversion/Continuation - LIBOR”) substantially in the form of Exhibit
1.6(b) or in a writing in any other form acceptable to Agent. No Loan shall be made, converted into or continued as a LIBOR Rate Loan, if the conditions to Loans and Letters of Credit in Section 2.2 are not met at the time of such
proposed conversion or continuation and Agent or Required Lenders have determined not to make or continue any Loan as a LIBOR Rate Loan as a result thereof. 

  
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 (c) Upon receipt of a Notice of Conversion/Continuation - BA, Agent will
promptly notify each Lender thereof. In addition, Agent will, with reasonable promptness, notify the Borrower and the Lenders of each determination of the BA Rate; provided that any failure to do so shall not relieve any Borrower of any liability
hereunder or provide the basis for any claim against Agent. All conversions and continuations shall be made pro rata according to the respective outstanding principal amounts of the Loans held by each Lender with respect to which the notice was
given. 
 (d) Upon receipt of a Notice of Conversion/Continuation - LIBOR, Agent will promptly notify each Lender
thereof. In addition, Agent will, with reasonable promptness, notify the Borrower and the Lenders of each determination of LIBOR; provided that any failure to do so shall not relieve any Borrower of any liability hereunder or provide the basis for
any claim against Agent. All conversions and continuations shall be made pro rata according to the respective outstanding principal amounts of the Loans held by each Lender with respect to which the notice was given. 

(e) Notwithstanding any other provision contained in this Agreement, after giving effect to any Borrowing, or to any
continuation or conversion of any Loans, there shall not be more than (i) seven (7) different Interest Periods in effect or (ii) seven (7) different BA Periods in effect. 

1.7 Optional Prepayments. 
 (a) The Borrower may, at any time upon prior written notice by 11:00 a.m. (Toronto time) of such Business Day by Borrower to Agent, prepay the Revolving Loan in whole or in part, without penalty or
premium except as provided in Sections 1.9 and 10.4. Optional partial prepayments of the Revolving Loan shall be applied in the manner set forth in subsection 1.8(d). 

(b) The notice of any prepayment shall not thereafter be revocable by the Borrower, and Agent will promptly notify each
Lender thereof and of such Lender’s Commitment Percentage of such prepayment. The payment amount specified in such notice shall be due and payable on the date specified therein. Together with each prepayment under this Section 1.7,
the Borrower shall pay any amounts required pursuant to Sections 1.9 and 10.4. 

  
 10 

 1.8 Mandatory Prepayments of Loans and Commitment Reductions. 

(a) Revolving Loan. The Borrower shall repay to the Lenders in full on the date specified in clause
(a) of the definition of “Revolving Termination Date” the aggregate principal amount of the Revolving Loans outstanding on the Revolving Termination Date. 

(b) Asset Dispositions. If a Credit Party or any Subsidiary of a Credit Party shall at any time or from time to
time: 
 (i) make or agree to make a Disposition; or 

(ii) suffer an Event of Loss; 
 and the aggregate amount of the Net Proceeds received by the Credit Parties and their Subsidiaries in connection with such Disposition or Event of Loss and all other Dispositions and Events of Loss
occurring during the Fiscal Year exceeds $250,000, then (A) the Borrower shall promptly notify Agent of such proposed Disposition or Event of Loss (including the amount of the estimated Net Proceeds to be received by such Credit Party and/or
such Subsidiary in respect thereof) and (B) promptly upon receipt by such Credit Party and/or such Subsidiary of the Net Proceeds of such Disposition or Event of Loss, the Borrower shall deliver, or cause to be delivered, such excess Net
Proceeds to Agent for distribution to the Lenders as a prepayment of the Loans, which prepayment shall be applied in accordance with subsection 1.8(d). Notwithstanding the foregoing and provided no Default or Event of Default has
occurred and is continuing, such prepayment shall not be required to the extent that (i) within one hundred eighty (180) days after the date of such Disposition or Event of Loss, such Credit Party or such Subsidiary has entered into and
not abandoned or rejected a binding agreement to reinvest the Net Proceeds of such Disposition or Event of Loss in productive assets (other than Inventory) of a kind then used or usable in the business of such Credit Party or such Subsidiary, and
(ii) such reinvestment is completed within one hundred and eighty (180) days after the end of the initial one hundred and eighty (180) day period; provided the Borrower notifies Agent of such Credit Party’s or such
Subsidiary’s intent to reinvest and of the completion of such reinvestment at the time such proceeds are received and when such reinvestment occurs, respectively. Pending such reinvestment, the Net Proceeds shall be delivered to Agent, for
distribution to the Revolving Lenders, as a prepayment of the Revolving Loans (to the extent of Revolving Loans then outstanding), but not as a permanent reduction of the Aggregate Revolving Loan Commitment. 

(c) Issuance of Securities. Immediately upon the receipt by any Credit Party or any Subsidiary of any Credit Party
of the Net Issuance Proceeds of the issuance of Stock or Stock Equivalents (including any capital contribution) or debt securities (other than Net Issuance Proceeds from the issuance of (i) debt securities in respect of Indebtedness permitted
hereunder, and (ii) Excluded Equity Issuances), the Borrower shall deliver, or cause to be delivered, to Agent an amount equal to such Net Issuance Proceeds, for application to the Loans in accordance with subsection 1.8(d). 

  
 11 

 (d) Application of Prepayments. Subject to subsection 1.10(c),
any prepayments of the Revolving Loans pursuant to Section 1.7 and any prepayments pursuant to subsection 1.8(b), shall be applied to prepay outstanding Revolving Loans without a permanent reduction of the Aggregate Revolving Loan
Commitment. To the extent permitted by the foregoing sentence, amounts prepaid in Canadian Dollars shall be applied first to any Canadian Prime Rate Loans then outstanding and then to outstanding BA Rate Loans with the shortest BA Periods remaining,
and amounts prepaid in U.S. Dollars shall be applied first to any U.S. Base Rate Loans then outstanding and then to outstanding LIBOR Rate Loans with the shortest Interest Periods remaining. Together with each prepayment under this
Section 1.8, the Borrower shall pay any amounts required pursuant to Section 10.4. 
 (e)
No Implied Consent. Provisions contained in this Section 1.8 for the application of proceeds of certain transactions shall not be deemed to constitute consent of the Lenders to transactions that are not otherwise permitted by the
terms hereof or the other Loan Documents. 
 1.9 Fees. 

(a) Collateral Monitoring Fee. The Borrower shall pay to Agent, for Agent’s own account, a collateral
monitoring fee in the amount of $20,000 per year payable in advance on the Amendment and Restatement Date and each anniversary thereof. 
 (b) Unused Commitment Fee. The Borrower shall pay to Agent a fee (the “Unused Commitment Fee”) for the account of each Revolving Lender in an amount equal to: 

(i) the average daily balances of the Revolving Loan Commitment of such Revolving Lender during the preceding calendar
month, less 
 (ii) the sum of (x) the average daily balance of all Revolving Loans held by such Revolving
Lender plus (y) the average daily amount of Letter of Credit Obligations held by such Revolving Lender, in each case, during the preceding calendar month; provided, in no event shall the amount computed pursuant to clauses (i) and
(ii) be less than zero, 
 (iii) multiplied by one-half percent (0.5%) per annum. 

The total fee paid by the Borrower will be equal to the sum of all of the fees due to the Lenders, subject to subsection 1.11(e)(vi). Such fee
shall be payable monthly in arrears on the first day of the calendar month following the date hereof and the first day of each calendar month thereafter. The Unused Commitment Fee provided in this subsection 1.9(b) shall accrue at all times
from and after the execution and delivery of this Agreement. For purposes of this subsection 1.9(b), the Revolving Loan Commitment of any Non-Funding Lender shall be deemed to be zero. 

  
 12 

 (c) Letter of Credit Fee. The Borrower agrees to pay to Agent for the
ratable benefit of the Revolving Lenders, as compensation to such Lenders for Letter of Credit Obligations incurred hereunder, (i) without duplication of costs and expenses otherwise payable to Agent or Lenders hereunder or fees otherwise paid
by the Borrower, all costs and expenses incurred by Agent or any Lender on account of such Letter of Credit Obligations, and (ii) for each calendar month during which any Letter of Credit Obligation shall remain outstanding, a fee (the
“Letter of Credit Fee”) in an amount equal to the product of the average daily undrawn face amount of all Letters of Credit issued, guaranteed or supported by risk participation agreements multiplied by a per annum rate of 2.50%;
provided, however, at Agent’s or Required Lenders’ option, while an Event of Default exists (or automatically while an Event of Default under subsection 7.1(a), 7.1(f) or 7.1(g) exists), such rate shall, subject to the
Interest Act (Canada), be increased by two percent (2.00%) per annum. Such fee shall be paid to Agent for the benefit of the Revolving Lenders in arrears, on the first day of each calendar month and on the date on which all L/C
Reimbursement Obligations have been discharged. In addition, the Borrower shall pay to Agent, any L/C Issuer or any prospective L/C Issuer, as appropriate, on demand, such L/C Issuer’s or prospective L/C Issuer’s customary fees at then
prevailing rates, without duplication of fees otherwise payable hereunder (including all per annum fees), charges and expenses of such L/C Issuer or prospective L/C Issuer in respect of the application for, and the issuance, negotiation, acceptance,
amendment, transfer and payment of, each Letter of Credit or otherwise payable pursuant to the application and related documentation under which such Letter of Credit is issued. 

(d) Prepayment Fee. If the Borrower prepays the Revolving Loan and in connection therewith reduces or terminates
the Aggregate Revolving Loan Commitment, whether voluntarily or involuntarily and whether before or after acceleration of the Obligations, or any of the Revolving Loan Commitments are otherwise terminated, the Borrower shall pay to Agent, for the
pro rata benefit of the applicable Lenders, as liquidated damages and compensation for the costs of being prepared to make funds available hereunder, an amount equal to the Applicable Percentage multiplied by the amount of the reduction of the
Aggregate Revolving Loan Commitment. As used herein, the term “Applicable Percentage” shall mean (x) two percent (2%), in the case of a prepayment or termination on or prior to the first anniversary of the Amendment and Restatement
Date (except if prior to such prepayment a sale or other direct or indirect disposition has occurred of more than 50% of the beneficial equity interests of Solo Cup Investment Corporation, a Delaware corporation (“SCIC”), owned by
Vestar Capital Partners IV, L.P., a Delaware limited partnership and its Affiliates (collectively, “Vestar Capital Partners”) as of the Amendment and Restatement Date (as the same may be adjusted for any combination,
recapitalization, reclassification or consolidation into a greater or smaller number of shares, interests, or other unit of equity securities), in which case the Applicable Percentage shall be one percent (1%)), (y) one percent (1%), in the
case of a prepayment or termination after the first anniversary of the Amendment and Restatement Date but on or prior to the second anniversary thereof (except if prior to such prepayment a sale or other direct or indirect disposition has occurred
of more than 50% of the beneficial equity interests of SCIC owned by Vestar Capital Partners as of the Amendment and Restatement Date (as the same may be adjusted for any combination, recapitalization, reclassification or consolidation into a
greater or smaller number of shares, interests, or other unit of equity securities), in which case the Applicable Percentage shall be zero percent (0%)), and (z) zero percent (0%), in the case of a prepayment or termination after the second
anniversary of the Amendment and Restatement Date. The Credit Parties agree that the Applicable Percentages are a reasonable calculation of Lenders’ lost profits in view of the difficulties and impracticality of determining actual damages
resulting from a prepayment and/or an early repayment of the Loans or early termination of the Commitments. Notwithstanding the foregoing, no prepayment fee shall be payable by the Borrower upon a mandatory prepayment made pursuant to subsection
1.8(b) or 1.8(c). 

  
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 (e) Closing Fee The Borrower shall pay to Agent a closing fee of
$85,000 (representing 0.5% of the Aggregate Revolving Loan Commitment) on the Amendment and Restatement Date. 
 1.10
Payments by the Borrower. 
 (a) All payments (including prepayments) to be made by each Credit Party on
account of principal, interest, fees and other amounts required hereunder shall be made without set-off, recoupment, counterclaim or deduction of any kind, shall, except as otherwise expressly provided herein, be made to Agent (for the ratable
account of the Persons entitled thereto) at the address for payment specified in the signature page hereof in relation to Agent (or such other address as Agent may from time to time specify in accordance with Section 9.2), including
payments utilizing the ACH system, and shall be made in the currency in which such obligation is denominated and by wire transfer or ACH transfer in immediately available funds (which shall be the exclusive means of payment hereunder), no later than
1:00 p.m. (Toronto time) on the date due. Any payment which is received by Agent later than 1:00 p.m. (Toronto time) may in Agent’s discretion be deemed to have been received on the immediately succeeding Business Day and any applicable
interest or fee shall continue to accrue. The Borrower and each other Credit Party hereby irrevocably waives the right to direct the application during the continuance of an Event of Default of any and all payments in respect of any Obligation and
any proceeds of Collateral. The Borrower hereby authorizes Agent and each Lender to make a Revolving Loan (which shall be a Canadian Prime Rate Loan (if denominated in Canadian Dollars) or a U.S. Base Rate Loan (if denominated in U.S. Dollars) to
pay (i) interest, principal, L/C Reimbursement Obligations, agent fees, Unused Commitment Fees and Letter of Credit Fees, in each instance, on the date due, or (ii) after five (5) days’ prior notice to the Borrower, other fees,
costs or expenses payable by the Borrower or any of its Subsidiaries hereunder or under the other Loan Documents. 
 (b) Subject to the provisions set forth in the definitions of “BA Period” and “Interest Period” herein, if any payment hereunder shall be stated to be due on a day other than a
Business Day, such payment shall be made on the next succeeding Business Day, and such extension of time shall in such case be included in the computation of interest or fees, as the case may be. 

(c) During the continuance of an Event of Default, Agent may, and shall upon the direction of Required Lenders apply any
and all payments received by Agent in respect of any Obligation in accordance with clauses first through sixth below. Notwithstanding any provision herein to the contrary, all payments made by Credit Parties to Agent after any or all of the
Obligations have been accelerated (so long as such acceleration has not been rescinded), including proceeds of Collateral, shall be applied as follows: 
 first, to payment of costs and expenses, including Legal Costs, of Agent payable or reimbursable by the Credit Parties under the Loan Documents; 

  
 14 

 second, to payment of Legal Costs of Lenders payable or reimbursable
by the Borrower under this Agreement; 
 third, to payment of all accrued unpaid interest on the
Obligations and fees owed to Agent, Lenders and L/C Issuers; 
 fourth, to payment of principal of the
Obligations including, without limitation, L/C Reimbursement Obligations then due and payable and cash collateralization of unmatured L/C Reimbursement Obligations to the extent not then due and payable); 

fifth, to payment of any other amounts owing constituting Obligations; and 

sixth, any remainder shall be for the account of and paid to whoever may be lawfully entitled thereto. 

In carrying out the foregoing, (i) amounts received shall be applied in the numerical order provided until exhausted prior to the
application to the next succeeding category and (ii) each of the Lenders or other Persons entitled to payment shall receive an amount equal to its pro rata share of amounts available to be applied pursuant to clauses third, fourth and fifth
above. 
 (d) Without limiting Section 11.6, if Agent receives any payment from or on behalf of a Credit
Party in any currency other than the currency in which the Obligation is denominated, Agent may convert the payment (including the proceeds of realization upon any Collateral) into the currency in which such Obligation is denominated at the rate of
exchange (as such term is defined in Section 11.6). 
 1.11 Payments by the Lenders to Agent; Settlement.

 (a) Agent may, on behalf of Lenders, disburse funds to the Borrower for Loans requested. Each Lender shall
reimburse Agent on demand for all funds disbursed on its behalf by Agent, or if Agent so requests, each Lender will remit to Agent its Commitment Percentage of any Loan before Agent disburses same to the Borrower. If Agent elects to require that
each Lender make funds available to Agent prior to disbursement by Agent to the Borrower, Agent shall advise each Lender by telephone or fax of the amount of such Lender’s Commitment Percentage of the Loan requested by the Borrower no later
than the Business Day prior to the scheduled Borrowing date applicable thereto, and each such Lender shall pay Agent such Lender’s Commitment Percentage of such requested Loan, in the currency being borrowed and in same day funds, by wire
transfer to Agent’s account for such currency, as set forth on Agent’s signature page hereto, no later than 1:00 p.m. (Toronto time) on such scheduled Borrowing date. Nothing in this subsection 1.11(a) or elsewhere in this Agreement
or the other Loan Documents, including the remaining provisions of Section 1.11, shall be deemed to require Agent to advance funds on behalf of any Lender or to relieve any Lender from its obligation to fulfill its Commitments hereunder
or to prejudice any rights that Agent, any Lender or the Borrower may have against any Lender as a result of any default by such Lender hereunder. 

  
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 (b) At least once each calendar week or more frequently at Agent’s
election (each, a “Settlement Date”), Agent shall advise each Lender by telephone or fax of the amount of such Lender’s Commitment Percentage of principal, interest and Fees paid for the benefit of Lenders with respect to each
applicable Loan. Agent shall pay to each Lender such Lender’s Commitment Percentage (except as otherwise provided in subsection 1.1(b)(vi) and subsection 1.11(e)) of principal, interest and fees paid by the Borrower since the
previous Settlement Date for the benefit of such Lender on the Loans held by it. Such payments shall be made by wire transfer to such Lender not later than 2:00 p.m. (Toronto time) on the next Business Day following each Settlement Date. 

(c) Availability of Lender’s Commitment Percentage. Agent may assume that each Revolving Lender will make its
Commitment Percentage of each Revolving Loan available to Agent on each Borrowing date. If such Commitment Percentage is not, in fact, paid to Agent by such Revolving Lender when due, Agent will be entitled to recover such amount on demand from such
Revolving Lender without setoff, counterclaim or deduction of any kind. If any Revolving Lender fails to pay the amount of its Commitment Percentage forthwith upon Agent’s demand, Agent shall promptly notify the Borrower and the Borrower shall
immediately repay such amount to Agent. Nothing in this subsection 1.11(c) shall be deemed to require Agent to advance funds on behalf of any Revolving Lender or to relieve any Revolving Lender from its obligation to fulfill its Commitments
hereunder or to prejudice any rights that the Borrower may have against any Revolving Lender as a result of any default by such Revolving Lender hereunder. Without limiting the provisions of subsection 1.11(b), to the extent that Agent
advances funds to the Borrower on behalf of any Revolving Lender and is not reimbursed therefor on the same Business Day as such advance is made, Agent shall be entitled to retain for its account all interest accrued on such advance from the date
such advance was made until reimbursed by the applicable Revolving Lender. 
 (d) Return of Payments.

 (i) If Agent pays an amount to a Lender under this Agreement in the belief or expectation that a related
payment has been or will be received by Agent from the Borrower and such related payment is not received by Agent, then Agent will be entitled to recover such amount from such Lender on demand without setoff, counterclaim or deduction of any kind.

 (ii) If Agent determines at any time that any amount received by Agent under this Agreement or any other Loan
Document must be returned to any Credit Party or paid to any other Person pursuant to any insolvency law or otherwise, then, notwithstanding any other term or condition of this Agreement or any other Loan Document, Agent will not be required to
distribute any portion thereof to any Lender. In addition, each Lender will repay to Agent on demand any portion of such amount that Agent has distributed to such Lender, together with interest at such rate, if any, as Agent is required to pay to
any Borrower or such other Person, without setoff, counterclaim or deduction of any kind, and Agent will be entitled to set-off against future distributions to such Lender any such amounts (with interest) that are not repaid on demand. 

  
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 (e) Non-Funding Lenders; Procedures. 

(i) Responsibility. The failure of any Non-Funding Lender to make any Revolving Loan, Letter of Credit Obligation
or any payment required by it, or to make any payment required by it hereunder, or to fund any purchase of any participation to be made or funded by it on the date specified therefor shall not relieve any other Lender (each such other Revolving
Lender, an “Other Lender”) of its obligations to make such loan, fund the purchase of any such participation, or make any other payment required hereunder on such date, and neither Agent nor, other than as expressly set forth herein, any
other Lender shall be responsible for the failure of any Non-Funding Lender to make a loan, fund the purchase of a participation or make any other payment required hereunder. 

(ii) Reallocation. If any Revolving Lender is a Non-Funding Lender, all or a portion of such Non-Funding
Lender’s Letter of Credit Obligations (unless such Lender is the L/C Issuer that issued such Letter of Credit) shall, at Agent’s election at any time or upon any L/C Issuer’s written request delivered to Agent (whether before or after
the occurrence of any Default or Event of Default), be reallocated to and assumed by the Revolving Lenders that are not Non-Funding Lenders or Impacted Lenders pro rata in accordance with their Commitment Percentages of the Aggregate Revolving Loan
Commitment (calculated as if the Non-Funding Lender’s Commitment Percentage was reduced to zero and each other Revolving Lender’s Commitment Percentage had been increased proportionately), provided that no Revolving Lender shall be
reallocated any such amounts or be required to fund any amounts that would cause the sum of its outstanding Revolving Loans and outstanding Letter of Credit Obligations, to exceed its Revolving Loan Commitment. 

(iii) Voting Rights. Notwithstanding anything set forth herein to the contrary, including Section 9.1,
a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Loan Document or constitute a “Lender” or a “Revolving Lender” (or be, or have its Loans and Commitments, included in the determination
of “Required Lenders”, “Required Lenders” or “Lenders directly affected” pursuant to Section 9.1) for any voting or consent rights under or with respect to any Loan Document, provided that (A) the
Commitment of a Non-Funding Lender may not be increased, (B) the principal of a Non-Funding Lender’s Loans may not be reduced or forgiven, and (C) the interest rate applicable to Obligations owing to a Non-Funding Lender may not be
reduced in such a manner that by its terms affects such Non-Funding Lender more adversely than other Lenders, in each case without the consent of such Non-Funding Lender. Moreover, for the purposes of determining Required Lenders and Required
Lenders, the Loans, Letter of Credit Obligations, and Commitments held by Non-Funding Lenders shall be excluded from the total Loans and Commitments outstanding. 

  
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 (iv) Borrower Payments to a Non-Funding Lender. Agent shall be
authorized to use all payments received by Agent for the benefit of any Non-Funding Lender pursuant to this Agreement to pay in full the Aggregate Excess Funding Amount to the appropriate Secured Parties. Following such payment in full of the
Aggregate Excess Funding Amount, Agent shall be entitled to hold such funds as cash collateral in a non-interest bearing account up to an amount equal to such Non-Funding Lender’s unfunded Revolving Loan Commitment and to use such amount to pay
such Non-Funding Lender’s funding obligations hereunder until the Obligations are paid in full in cash, all Letter of Credit Obligations have been discharged or cash collateralized and all Commitments have been terminated. Upon any such
unfunded obligations owing by a Non-Funding Lender becoming due and payable, Agent shall be authorized to use such cash collateral to make such payment on behalf of such Non-Funding Lender. With respect to such Non-Funding Lender’s failure to
fund Revolving Loans or purchase participations in Letters of Credit or Letter of Credit Obligations, any amounts applied by Agent to satisfy such funding shortfalls shall be deemed to constitute a Revolving Loan or amount of the participation
required to be funded and, if necessary to effectuate the foregoing, the other Revolving Lenders shall be deemed to have sold, and such Non-Funding Lender shall be deemed to have purchased, Revolving Loans or Letter of Credit participation interests
from the other Revolving Lenders until such time as the aggregate amount of the Revolving Loans and participations in Letters of Credit and Letter of Credit Obligations are held by the Revolving Lenders in accordance with their Commitment
Percentages of the Aggregate Revolving Loan Commitment. Any amounts owing by a Non-Funding Lender to Agent which are not paid when due shall accrue interest at the interest rate applicable during such period to Revolving Loans that are Base Rate
Loans. In the event that Agent is holding cash collateral of a Non-Funding Lender that cures pursuant to clause (v) below or ceases to be a Non-Funding Lender pursuant to the definition of Non-Funding Lender, Agent shall return the
unused portion of such cash collateral to such Lender. The “Aggregate Excess Funding Amount” of a Non-Funding Lender shall be the aggregate amount of (A) all unpaid obligations owing by such Lender to the Agent, L/C Issuers, and other
Lenders under the Loan Documents, including such Lender’s pro rata share of all Revolving Loans and Letter of Credit Obligations, plus, without duplication, (B) all amounts of such Non-Funding Lender’s Commitment reallocated to other
Lenders pursuant to subsection 1.11(e)(ii). 
 (v) Cure. A Lender may cure its status as a
Non-Funding Lender under clause (a) of the definition of Non-Funding Lender if such Lender (A) fully pays to Agent, on behalf of the applicable Secured Parties, the Aggregate Excess Funding Amount, plus all interest due thereon and
(B) timely funds the next Revolving Loan required to be funded by such Lender or makes the next reimbursement required to be made by such Lender. Any such cure shall not relieve any Lender from liability for breaching its contractual
obligations hereunder. 
 (vi) Fees. A Lender that is a Non-Funding Lender pursuant to clause (a) of
the definition of Non-Funding Lender shall not earn and shall not be entitled to receive, and the Borrower shall not be required to pay, such Lender’s portion of the Unused Commitment Fee during the time such Lender is a Non-Funding Lender
pursuant to clause (a) thereof. In the event that any reallocation of Letter of Credit Obligations occurs pursuant to subsection 1.11(e)(ii), during the period of time that such reallocation remains in effect, the Letter of Credit Fee
payable with respect to such reallocated portion shall be payable to (A) all Revolving Lenders based on their pro rata share of such reallocation or (B) to the L/C Issuer for any remaining portion not reallocated to any other Revolving
Lenders. 

  
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 (f) Procedures. Agent is hereby authorized by each Credit Party and
each other Secured Party to establish procedures (and to amend such procedures from time to time) to facilitate administration and servicing of the Loans and other matters incidental thereto. Without limiting the generality of the foregoing, Agent
is hereby authorized to establish procedures to make available or deliver, or to accept, notices, documents and similar items on, by posting to or submitting and/or completion on, E-Systems. 

1.12 Eligible Accounts. All of the Accounts owned by each Credit Party and properly reflected as “Eligible Accounts” in
the most recent Borrowing Base Certificate delivered by the Borrower to Agent shall be “Eligible Accounts” for purposes of this Agreement, except any Account to which any of the exclusionary criteria set forth below applies. Agent shall
have the right to establish, modify or eliminate Reserves against Eligible Accounts from time to time in its Permitted Discretion. In addition, Agent reserves the right, at any time and from time to time after the Amendment and Restatement Date, to
adjust any of the applicable criteria, to establish new criteria and to adjust advance rates with respect to Eligible Accounts, in its Permitted Discretion, subject to the approval of Required Lenders in the case of adjustments or new criteria or
changes in advance rates which have the effect of making more credit available. Eligible Accounts shall not include the following Accounts of a Credit Party: 
 (a) Past Due Accounts. Accounts that are not paid within the earlier of sixty (60) days following its due date or ninety (90) days following its original invoice date; 

(b) Cross Aged Accounts. Accounts that are the obligations of an Account Debtor if fifty percent (50%) or more
of the Dollar amount of all Accounts owing by that Account Debtor are ineligible under the other criteria set forth in this Section 1.12; 
 (c) Foreign Accounts. Accounts that are the obligations of an Account Debtor located outside of Canada and the United States of America unless payment thereof is assured by a letter of credit
assigned and delivered to Agent, satisfactory to Agent as to form, amount and issuer; 
 (d) Government
Accounts. Accounts that are the obligation of an Account Debtor that is the Canadian government (Her Majesty The Queen in Right of Canada) or a political subdivision thereof, or any province or territory, or any municipality or department,
agency or instrumentality thereof, or that is the United States government or a political subdivision thereof, or any state, county or municipality or department, agency or instrumentality thereof unless (i) Agent, in its sole discretion, has
agreed to the contrary in writing, (ii) the Account is assignable by way of security, or (iii) the applicable Credit Party has complied with respect to such obligation with the Financial Administration Act (Canada) and any amendments
thereto, the Federal Assignment of Claims Act of 1940, or any applicable provincial, territorial, local or foreign law restricting the assignment thereof with respect to such obligation; 

(e) Contra Accounts. Accounts to the extent the Borrower or any Subsidiary thereof is liable for goods sold or
services rendered by the applicable Account Debtor to such Borrower or any Subsidiary thereof but only to the extent of the potential offset; 

  
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 (f) Chargebacks/Partial Payments/Disputed. Any Account to the extent
that any defence, counterclaim, setoff or dispute is asserted as to such Account; 
 (g)
Inter-Company/Affiliate Accounts. Accounts that arise from a sale to any Affiliate of any Credit Party; 

(h) Concentration Risk. Accounts to the extent that such Account, together with all other Accounts owing by such
Account Debtor and its Affiliates as of any date of determination exceed thirty-five percent (35%) of all Eligible Accounts; 
 (i) Credit Risk. Accounts that are otherwise determined to be unacceptable by Agent in its Permitted Discretion, upon the delivery of prior or contemporaneous notice (oral or written) of such
determination to the Borrower; 
 (j) Pre-Billing. Accounts with respect to which an invoice, reasonably
acceptable to Agent in form and substance, has not been sent to the applicable Account Debtor; 
 (k)
Defaulted Accounts; Bankruptcy. Accounts where: 
 (i) the Account Debtor obligated upon such Account
suspends business, makes a general assignment for the benefit of creditors, fails to pay its debts generally as they come due or is otherwise insolvent; or 
 (ii) an assignment or petition is filed by or against any Account Debtor obligated upon such Account or any application for an order to stay proceedings against such Account Debtor is filed in any case or
proceeding, in either case, under any Insolvency Laws; 
 (l) Employee Accounts. Accounts that arise from
a sale to any director, officer, other employee, or to any entity that has any common officer or director with any Credit Party; 
 (m) Progress Billing. Accounts (i) as to which a Credit Party is not able to bring suit or otherwise enforce its remedies against the Account Debtor through judicial process, or (ii) if
the Account represents a progress billing consisting of an invoice for goods sold or used or services rendered pursuant to a contract under which the Account Debtor’s obligation to pay that invoice is subject to a Credit Party’s completion
of further performance under such contract or is subject to the equitable lien of a surety bond issuer; 
 (n)
Bill and Hold. Accounts that arise with respect to goods that are delivered on a bill-and-hold basis; 

(o) C.O.D. Accounts that arise with respect to goods that are delivered on a cash-on-delivery basis; 

(p) Credit Limit. Accounts to the extent such Account exceeds any credit limit established by Agent, in its
Permitted Discretion, following prior notice of such limit by Agent to the Borrower; 

  
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 (q) Non-Acceptable Currency. Accounts that are payable in any
currency other than Canadian Dollars or U.S. Dollars; 
 (r) Other Liens Against Receivables. Accounts
that (i) are not owned by a Credit Party or (ii) are subject to any right, claim, Lien or other interest of any other Person, other than Liens in favour of Agent securing the Obligations, and Prior Claims that are unregistered and that
secure amounts that are not yet due and payable; 
 (s) Conditional Sale. Accounts that arise with respect
to goods that are placed on consignment, guaranteed sale or other terms by reason of which the payment by the Account Debtor is conditional; 
 (t) Judgments, Notes or Chattel Paper. Accounts that are evidenced by a judgment, Instrument or Chattel Paper; 

(u) Not Bona Fide. Accounts that are not true and correct statements of bona fide indebtedness incurred in the
amount of such Account for merchandise sold to or services rendered and accepted by the applicable Account Debtor; 
 (v) Ordinary Course; Sales of Equipment or Bulk Sales. Accounts that do not arise from the sale of goods or the performance of services by a Credit Party in the Ordinary Course of Business,
including, without limitation, sales of Equipment of such Credit Party and bulk sales; 
 (w) Not
Perfected. Accounts as to which Agent’s Lien thereon, on behalf of itself and the other Secured Parties, is not a first priority perfected Lien (subject to Prior Claims that are unregistered and that secure amounts not yet due and payable);
or 
 (x) Inaccurate Representation. Accounts as to which any of the representations or warranties
pertaining to Accounts set forth in this Agreement or any other Loan Document is untrue. 
 For the purpose of valuing each
Credit Party’s Eligible Accounts denominated in U.S. Dollars, the amount of such Eligible Accounts shall be converted into the Equivalent Amount thereof in Canadian Dollars on the last Business Day of each Fiscal Month; provided, that Agent
reserves the right to adjust, at any time in its Permitted Discretion, the value of Canadian Dollars of such Eligible Accounts to take into account currency rate exchange fluctuations since the last valuation thereof. 

1.13 Eligible Inventory. All of the raw materials and finished goods Inventory owned by each Credit Party and properly reflected
as “Eligible Inventory”, and all of the work-in-process Inventory owned by each Credit Party and properly reflected as “Eligible WIP Inventory” in the most recent Borrowing Base Certificate delivered by the Borrower to Agent
shall be “Eligible Inventory” or “Eligible WIP Inventory”, as applicable for purposes of this Agreement, except any Inventory to which any of the exclusionary criteria set forth below or in the component definitions herein
applies. Agent shall have the right to establish, modify, or eliminate Reserves against Eligible Inventory from time to time in its Permitted Discretion. In addition, Agent reserves the right, at any time and from time to time after the Amendment
and Restatement Date, to adjust any of the applicable criteria, to establish new criteria and to adjust advance rates with respect to Eligible Inventory, in its Permitted Discretion, subject to the approval of Required Lenders in the case of
adjustments or new criteria or changes in advance rates which have the effect of making more credit available. Eligible Inventory shall not include the following Inventory of a Credit Party: 

(a) Excess/Obsolete. Inventory that is excess, obsolete, unsaleable, shopworn, or seconds; 

  
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 (b) Damaged. Inventory that is damaged or unfit for sale; 

(c) Locations < $100M. Inventory that is located at any site if the aggregate book value of Inventory at any
such location is less than $100,000; 
 (d) Consignment. Inventory that is placed on consignment;

 (e) Off-Site. Inventory that (i) is not located on premises owned, leased or rented by a Credit
Party and set forth in Schedule 3.21 or (ii) is stored at a leased location, unless Agent has given its prior consent thereto and unless (x) a reasonably satisfactory landlord waiver has been delivered to Agent or (y) Reserves
satisfactory to Agent have been established with respect thereto, (iii) is stored with a bailee or warehouseman unless (x) a reasonably satisfactory, acknowledged bailee letter has been received by Agent with respect thereto or
(y) Reserves satisfactory to Agent have been established with respect thereto, or (iv) is located at an owned location subject to a mortgage in favour of a lender other than Agent, unless a reasonably satisfactory mortgagee waiver has been
delivered to Agent; 
 (f) In-Transit. Inventory that is in transit, except for Inventory in transit
between domestic locations of Credit Parties as to which Agent’s Liens have been perfected at origin and destination; 
 (g) Packing/Shipping Materials. Inventory that consists of packing or shipping materials, or manufacturing supplies (which, for greater certainty, do not include raw materials used for
manufacturing finished goods Inventory or packing or shipping materials in which finished goods Inventory has been packed); 
 (h) Tooling. Inventory that consists of tooling or replacement parts; 
 (i) Display. Inventory that consists of display items; 
 (j)
Returns. Inventory that consists of goods which have been returned by the buyer and that are not being held for resale (provided that, for greater certainty, goods that are excess, obsolete, unsalable, shopworn, seconds, damaged or otherwise
unfit for sale shall not constitute goods being held for resale); 
 (k) Freight. The portion of the value
of Inventory that comprises costs associated with “freight-in” charges; 

  
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 (l) Hazardous Materials. Inventory that consists of Hazardous
Materials or goods that can be transported or sold only with licenses that are not readily available; 
 (m)
Un-insured. Inventory that is not covered by casualty insurance reasonably acceptable to Agent; 
 (n)
Not Owned/Other Liens. Inventory that (i) is not owned by a Credit Party or is (ii) subject to (A) Liens other than Permitted Liens described in subsections 5.1(b), (c), (d) and (f) or
rights of any other Person (including the rights of a purchaser that has made progress payments and the rights of a surety that has issued a bond to assure a Credit Party’s performance with respect to that Inventory) or (B) the rights of
suppliers under section 81.1 of the Bankruptcy and Insolvency Act (Canada), except to the extent that an Affiliate of the Borrower has waived such suppliers’ rights in favour of Agent in a manner acceptable to Agent; 

(o) Unperfected. Inventory that is not subject to a first priority Lien in favour of Agent on behalf of itself and
the Secured Parties, except for Liens described in subsection 5.1(d) (subject to Reserves) and Prior Claims that are unregistered and that secure amounts that are not yet due and payable; 

(p) Negotiable Bill of Sale. Inventory that is covered by a negotiable document of title, unless such document has
been delivered to Agent with all necessary endorsements, free and clear of all Liens except Liens in favour of Agent; 
 (q) Not Ordinary Course. Inventory (other than raw materials) that is not of a type held for sale in the Ordinary Course of Business of a Credit Party. 

(r) Credit Risk. Inventory that is otherwise determined to be unacceptable by Agent in its Permitted Discretion,
upon the delivery of prior or contemporaneous notice (oral or written) of such determination to the Borrower; or 

(s) Inaccurate Representation. Inventory as to which any of the representations or warranties pertaining to
Inventory set forth in this Agreement or any other Loan Document is untrue. 
 ARTICLE II 

CONDITIONS PRECEDENT 
 2.1 Conditions of Initial Loans. The obligation of each Lender to continue to make its Loans and of each L/C Issuer to continue to Issue, or cause to be Issued, the Letters of Credit hereunder is
subject to satisfaction of the following conditions in a manner satisfactory to Agent: 
 (a) Loan
Documents. Agent shall have received on or before the Amendment and Restatement Date all of the agreements, documents, instruments and other items set forth on the closing checklist attached hereto as Exhibit 2.1(a), each in form and
substance reasonably satisfactory to Agent; 

  
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 (b) Availability. Not more than $5,000,000 in Revolving Loans shall
be advanced on the Amendment and Restatement Date, and after giving effect to the payment of all costs and expenses in connection with the amendment and restatement, funding of the initial Loans and issuance of the initial Letters of Credit,
Availability (calculated using the Amendment and Restatement Date Borrowing Base) shall be not less than $9,000,000; 
 (c) Approvals. Agent shall have received (i) satisfactory evidence that the Credit Parties have obtained all required consents and approvals of all Persons including all requisite Governmental
Authorities, to the execution, delivery and performance of this Agreement and the other Loan Documents or (ii) an officer’s certificate in form and substance reasonably satisfactory to Agent affirming that no such consents or approvals are
required; 
 (d) Payment of Fees. The Borrower shall have paid the fees required to be paid on the
Amendment and Restatement Date in the respective amounts specified in Section 1.9, and shall have reimbursed Agent for all fees, costs and expenses of closing presented as of the Amendment and Restatement Date; 

(e) Legal Opinions. Agent shall have received a favourable written opinion of Bennett Jones LLP, counsel to the
Credit Parties, covering such matters relating to the Credit Parties, this Agreement, and the other Loan Documents as Agent shall reasonably request (together with copies of all factual certificates and legal opinions delivered to such counsel in
connection with such opinion upon which counsel has relied). All opinions and certificates referred to in this Section 2.1(e) shall be addressed to the Agent and the other Secured Parties and dated the Amendment and Restatement Date;

 (f) Corporate Certificates. Agent shall have received: 

(i) certified copies of the resolutions of the board of directors of each Credit Party approving, as appropriate, the
Loans, this Agreement and the other Loan Documents, and all other documents, if any, to which such Credit Party is a party and evidencing authorization with respect to such documents; and 

(ii) a certificate of an officer of each Credit Party, dated the Amendment and Restatement Date, and certifying
(A) the name, title and true signature of each officer of such Person authorized to execute this Agreement and the other Loan Documents to which it is a party, and (B) that attached thereto is (a) a true and complete copy of the
articles of incorporation and bylaws of each Credit Party, as amended to date, and (b) a recent certificate of status, certificate of compliance, good standing certificate or analogous certificate; 

(g) Material Adverse Change. Agent shall be satisfied that, since December 27, 2009, there has not been a
Material Adverse Change; 
 (h) Delivery of Financial Statements. Agent shall have received (i) the
audited consolidated and consolidating balance sheets, statements of income and retained earnings and statements of changes in financial position of the Borrower and its Subsidiaries for the Fiscal Year ended December 27, 2009, (ii) the
unaudited financial statements in respect of the Borrower and its Subsidiaries for the nine month period ended September 26, 2010, and (iii) the pro forma unaudited consolidated and consolidating balance sheets of the Borrower and its
Subsidiaries as of the most recently ended Fiscal Month prior to the Amendment and Restatement Date; 

  
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 (i) “Know Your Customer” Information. Agent and Lenders
shall have received all documentation and other information required by bank regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including, without limitation, the AML Legislation,
the Patriot Act and The Office of Foreign Assets Control; 
 (j) Insurance. Agent shall have received
satisfactory evidence that the insurance policies required by Section 4.6 are in full force and effect, together with appropriate evidence showing loss payable and additional insured clauses or endorsements, as requested by Agent, in favour of
Secured Parties; 
 (k) Cash Management Systems; Control Agreements. Agent shall have received
satisfactory evidence that, as of the Amendment and Restatement Date, cash management systems complying with Section 4.11 have been established and are currently being maintained in the manner set forth therein, together with copies of duly
executed Control Agreements, satisfactory to Agent, with the relevant depository, securities intermediary or futures intermediary; 
 (l) Capital Structure. Agent shall be satisfied with the ownership, capital, corporate, tax, organizational and legal structure of the Credit Parties; 

(m) Due Diligence. Agent shall have completed and be satisfied with its business and legal due diligence, including
a review of all material actions, suits, proceedings, claims or disputes at law, in equity, in arbitration or before any Governmental Authority, against any Credit Party, any Subsidiary of any Credit Party or any of their respective Properties;

 (n) Litigation. Agent shall be satisfied that there is no injunction, writ, temporary restraining order
or any order of any nature has been issued by any court or other Governmental Authority purporting to enjoin or restrain the execution, delivery or performance of this Agreement or any other Loan Document, or directing that the transactions provided
for herein or therein not be consummated as herein or therein provided. Agent shall also be satisfied that there is no pending litigation, which if determined adversely, could reasonably be expected to have a Material Adverse Effect; 

(o) Collateral Audit. Agent shall have received a roll forward of its previous Collateral audit; and 

(p) Other Documentation. Agent shall have received such other documents and instruments as are customary for
transactions of this type or as it may reasonably request. 

  
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 2.2 Conditions to All Borrowings. Except as otherwise expressly provided herein, no
Lender or L/C Issuer shall be obligated to fund any Loan or incur any Letter of Credit Obligation, if, as of the date thereof: 
 (a) any representation or warranty by any Credit Party contained herein or in any other Loan Document is untrue or incorrect in any respect as of such date, except to the extent that such representation
or warranty expressly relates to an earlier date (in which event such representations and warranties were untrue or incorrect in any respect as of such earlier date, and Agent or Required Lenders have determined not to make such Loan or incur such
Letter of Credit Obligation as a result of the fact that such warranty or representation is untrue or incorrect; 

(b) any Default or Event of Default has occurred and is continuing or would reasonably be expected to result after giving
effect to any Loan (or the incurrence of any Letter of Credit Obligation), and Agent or Required Lenders shall have determined not to make any Loan or incur any Letter of Credit Obligation as a result of that Default or Event of Default; 

(c) after giving effect to any Loan (or the incurrence of any Letter of Credit Obligations), the aggregate outstanding
amount of the Revolving Loans would exceed the Maximum Revolving Loan Balance less an amount of $1,000,000; or 

(d) after giving effect to any Loan and the contemporaneous uses of proceeds thereof, the Credit Parties’ cash and
Cash Equivalents would exceed $1,000,000. 
 The request by the Borrower and acceptance by the Borrower of the proceeds of any Loan or the
incurrence of any Letter of Credit Obligations shall be deemed to constitute, as of the date thereof, (i) a representation and warranty by the Borrower that the conditions in this Section 2.2 have been satisfied and (ii) a
reaffirmation by each Credit Party of the granting and continuance of Agent’s Liens, on behalf of itself and the Secured Parties, pursuant to the Collateral Documents. 
 ARTICLE III 
 REPRESENTATIONS AND WARRANTIES 

The Credit Parties, jointly and severally, represent and warrant to Agent and each Lender that the following are true, correct and
complete: 
 3.1 Corporate Existence and Power. Each Credit Party and each of their respective Subsidiaries: 

(a) is a corporation, unlimited liability company, partnership or limited partnership, as applicable, duly organized,
validly existing and in good standing under the laws of the jurisdiction of its incorporation, organization or formation, as applicable; 
 (b) has the power and authority and all governmental licenses, authorizations, Permits, consents and approvals to own its assets, carry on its business and execute, deliver, and perform its obligations
under, the Loan Documents and the Related Agreements to which it is a party; 

  
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 (c) is duly qualified as a foreign corporation, unlimited liability company,
partnership or limited partnership, as applicable, and licensed 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 or license; and

 (d) is in compliance with all Requirements of Law; 
 except, in each case referred to in clause (c) or clause (d), to the extent that the failure to do so would not reasonably be expected to have, either individually or in the aggregate,
a Material Adverse Effect. 
 3.2 Corporate Authorization; No Contravention. The execution, delivery and performance by
each of the Credit Parties of this Agreement, and by each Credit Party and each of their respective Subsidiaries of any other Loan Document and Related Agreement to which such Person is party, have been duly authorized by all necessary action, and
do not and will not: 
 (i) contravene the terms of any of that Person’s Organization Documents; 

(ii) conflict with or result in any material breach or contravention of, or result in the creation of any Lien under, any
document evidencing any material Contractual Obligation to which such Person is a party or any order, injunction, writ or decree of any Governmental Authority to which such Person or its Property is subject; or 

(iii) violate any Requirement of Law in any material respect. 

3.3 Governmental Authorization. No approval, consent, exemption, authorization, or other action by, or notice to, or filing with,
any Governmental Authority is necessary or required in connection with the execution, delivery or performance by, or enforcement against, any Credit Party or any Subsidiary of any Credit Party of this Agreement, any other Loan Document or Related
Agreement except (a) for recordings and filings in connection with the Liens granted to Agent under the Collateral Documents, (b) those obtained or made on or prior to the Amendment and Restatement Date and (c) in the case of any
Related Agreement, those which, if not obtained or made, would not reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. 
 3.4 Binding Effect. This Agreement and each other Loan Document and Related Agreement to which any Credit Party or any Subsidiary of any Credit Party is a party constitutes the legal, valid and
binding obligations of each such Credit Party which is a party thereto, enforceable against such Credit Party in accordance with their respective terms, except as enforceability may be limited by applicable bankruptcy, insolvency, or similar laws
affecting the enforcement of creditors’ rights generally or by equitable principles relating to enforceability. 

  
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 3.5 Litigation. Except as specifically disclosed in Schedule 3.5, there are no
actions, suits, proceedings, claims or disputes pending or, to the best knowledge of each Credit Party, threatened or contemplated, at law, in equity, in arbitration or before any Governmental Authority, against any Credit Party, any Subsidiary of
any Credit Party or any of their respective Properties which: 
 (a) purport to affect or pertain to this
Agreement, any other Loan Document or Related Agreement, or any of the transactions contemplated hereby or thereby; or 
 (b) would reasonably be expected to result in equitable relief or monetary judgment(s), individually or in the aggregate, in excess of $200,000. 
 No injunction, writ, temporary restraining order or any order of any nature has been issued by any court or other Governmental Authority purporting to enjoin or restrain the execution, delivery or
performance of this Agreement, any other Loan Document or any Related Agreement, or directing that the transactions provided for herein or therein not be consummated as herein or therein provided. As of the Amendment and Restatement Date, no Credit
Party or any Subsidiary of any Credit Party is the subject of an audit or, to each Credit Party’s knowledge, any review or investigation by any Governmental Authority (excluding the CRA and other taxing authorities) concerning the violation or
possible violation of any Requirement of Law. 
 3.6 No Default. No Default or Event of Default exists or would result
from the incurring of any Obligations by any Credit Party or the grant or perfection of Agent’s Liens on the Collateral. No Credit Party and no Subsidiary of any Credit Party is in default under or with respect to any Contractual Obligation in
any respect which, individually or together with all such defaults, would reasonably be expected to have a Material Adverse Effect. 
 3.7 Pension Plan and Benefit Plan Compliance 
 (a) As of the
Amendment and Restatement Date, Schedule 3.7 lists all Canadian Benefit Plans and Canadian Pension Plans maintained or contributed to by each Credit Party. The Canadian Pension Plans are duly registered under the ITA and all other applicable
laws which require registration. Each Credit Party has complied with and performed all of its obligations in all material respects under and in respect of the Canadian Pension Plans and Canadian Benefit Plans under the terms thereof, any funding
agreements and all applicable laws (including any fiduciary, funding, investment and administration obligations). All employer and employee payments, contributions or premiums to be remitted, paid to or in respect of each Canadian Pension Plan or
Canadian Benefit Plan have been paid in a timely fashion in accordance with the terms thereof, any funding agreement and all applicable laws. There have been no improper withdrawals or applications of the assets of the Canadian Pension Plans or the
Canadian Benefit Plans. Except as set forth on Schedule 3.7, there are no outstanding disputes concerning the assets of the Canadian Pension Plans or the Canadian Benefit Plans. Except as set forth on Schedule 3.7, each of the Canadian
Pension Plans is fully funded on a solvency basis (using actuarial methods and assumptions which are consistent with the valuations last filed with the applicable Governmental Authorities and which are consistent with generally accepted actuarial
principles). 

  
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 3.8 Use of Proceeds. Schedule 3.8 contains a description of the Credit
Parties’ sources and uses of funds on the Amendment and Restatement Date, including Loans and Letters of Credit made or issued on the Amendment and Restatement Date and a funds flow memorandum detailing how funds from each source are to be
transferred to particular uses. 
 3.9 Ownership of Property. As of the Amendment and Restatement Date, the Real Estate
listed in Schedule 3.9 constitutes all of the Real Estate of each Credit Party and each of their respective Subsidiaries. Each of the Credit Parties and each of their respective Subsidiaries has good record and marketable title in fee simple
to, or valid leasehold interests in, all Real Estate, and good and valid title to all owned personal property and valid leasehold interests in all leased personal property, in each instance, necessary or used in the ordinary conduct of their
respective businesses. As of the Amendment and Restatement Date, Schedule 3.9 also describes any purchase options, rights of first refusal or other similar contractual rights pertaining to any Real Estate. As of the Amendment and Restatement
Date, all material permits required to have been issued or appropriate to enable the Real Estate to be lawfully occupied and used for all of the purposes for which it is currently occupied and used have been lawfully issued and are in full force and
effect. 
 3.10 Taxes. All federal, provincial, territorial, local and foreign income and franchise and other material
tax returns, reports and statements (collectively, the “Tax Returns”) required to be filed by any Tax Affiliate have been filed with the appropriate Governmental Authorities, all such Tax Returns are true and correct in all material
respects, and all taxes, assessments and other governmental charges and impositions reflected therein or otherwise due and payable have been paid prior to the date on which any Liability may be added thereto for non-payment thereof except for those
contested in good faith by appropriate proceedings diligently conducted and for which adequate reserves are maintained on the books of the appropriate Tax Affiliate in accordance with GAAP. As of the Amendment and Restatement Date, no Tax Return is
under audit or examination by any Governmental Authority, and no notice of any audit or examination or any assertion of any claim for Taxes has been given or made by any Governmental Authority. Proper and accurate amounts have been withheld by each
Tax Affiliate from their respective employees for all periods in full and complete compliance with the tax, social security and unemployment withholding provisions of applicable Requirements of Law and such withholdings have been timely paid to the
respective Governmental Authorities. 
 3.11 Financial Condition. 

(a) Each of (i) the audited consolidated balance sheet of the Borrower and its Subsidiaries dated December 27,
2009, and the related audited consolidated statements of income or operations, shareholders’ equity and cash flows for the Fiscal Year ended on that date and (ii) the unaudited interim consolidated balance sheet of the Borrower and its
Subsidiaries dated September 26, 2010 and the related unaudited consolidated statements of income, shareholders’ equity and cash flows for the nine Fiscal Months then ended, in each case, as provided to the Agent: 

(i) were prepared in accordance with GAAP consistently applied throughout the respective periods covered thereby, except
as otherwise expressly noted therein, subject to, in the case of the unaudited interim financial statements, normal year-end adjustments and the lack of footnote disclosures; and 

  
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 (ii) present fairly in all material respects the consolidated financial
condition of the Borrower and its Subsidiaries as of the dates thereof and results of operations for the periods covered thereby. 
 (b) Since December 27, 2009 there has been no Material Adverse Effect. 
 (c) The Credit Parties and their Subsidiaries have no Indebtedness other than Indebtedness permitted pursuant to Section 5.5 and have no Contingent Obligations other than Contingent
Obligations permitted pursuant to Section 5.8. 
 (d) All financial performance projections delivered
to Agent, represent the Borrower’s best good faith estimate of future financial performance and are based on assumptions believed by the Borrower to be fair and reasonable in light of current market conditions, it being acknowledged and agreed
by Agent and Lenders that projections as to future events are not to be viewed as facts and that the actual results during the period or periods covered by such projections may differ from the projected results. 

3.12 Environmental Matters. Except as set forth in Schedule 3.12, and except where any failures to comply would not
reasonably be expected to result in, either individually or in the aggregate, Material Environmental Liabilities of the Credit Parties and their Subsidiaries, (a) the operations of each Credit Party and each Subsidiary of each Credit Party are
and have been in compliance with all applicable Environmental Laws, including obtaining, maintaining and complying with all Permits required by any applicable Environmental Law, (b) no Credit Party and no Subsidiary of any Credit Party is party
to, and no Credit Party and no Subsidiary of any Credit Party and no Real Estate currently (or to the knowledge of any Credit Party previously) owned, leased, subleased, operated or otherwise occupied by or for any such Person is subject to or the
subject of, any Contractual Obligation or any pending (or, to the knowledge of any Credit Party, threatened) order, action, investigation, suit, proceeding, audit, claim, demand, dispute or notice of violation or of potential liability or similar
notice relating in any manner to any Environmental Laws, (c) no Lien in favour of any Governmental Authority securing, in whole or in part, Environmental Liabilities has attached to any property of any Credit Party or any Subsidiary of any
Credit Party and, to the knowledge of any Credit Party, no facts, circumstances or conditions exist that could reasonably be expected to result in any such Lien attaching to any such property, (d) no Credit Party and no Subsidiary of any Credit
Party has caused or suffered to occur a Release of Hazardous Materials at, to or from any Real Estate, (e) all Real Estate currently (or to the knowledge of any Credit Party previously) owned, leased, subleased, operated or otherwise occupied
by or for any such Credit Party and each Subsidiary of each Credit Party is free of contamination by any Hazardous Materials, and (f) no Credit Party and no Subsidiary of any Credit Party (i) is or has been engaged in, or has permitted any
current or former tenant to engage in, operations in violation of any Environmental Law or (ii) knows of any facts, circumstances or conditions reasonably constituting notice of a violation of any Environmental Law, including receipt of any
information request or notice of potential responsibility under any Environmental Laws. Each Credit Party has made available to Agent copies of all existing environmental reports, reviews and audits and all documents pertaining to actual or
potential Environmental Liabilities, in each case to the extent such reports, reviews, audits and documents are in their possession, custody, control or otherwise available to the Credit Parties. 

  
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 3.13 Regulated Entities. None of any Credit Party, any Person controlling any Credit
Party, or any Subsidiary of any Credit Party, is subject to regulation under any Canadian federal, provincial, territorial, local or foreign statute, rule or regulation limiting its ability to incur Indebtedness, pledge its assets or perform its
Obligations under the Loan Documents. 
 3.14 Solvency. Both before and after giving effect to (a) the Loans made
and Letters of Credit Issued on or prior to the date this representation and warranty is made or remade, (b) the disbursement of the proceeds of such Loans to or as directed by Borrower, (c) the payment and accrual of all transaction costs
in connection with the foregoing, the Borrower is Solvent. 
 3.15 Labour Relations. There are no strikes, work
stoppages, slowdowns or lockouts existing, pending (or, to the knowledge of any Credit Party, threatened) against or involving any Credit Party or any Subsidiary of any Credit Party, except for those that would not, in the aggregate, reasonably be
expected to have a Material Adverse Effect. Except as set forth in Schedule 3.15, as of the Amendment and Restatement Date, (a) there is no collective bargaining or similar agreement with any union, labour organization, works council or
similar representative covering any employee of any Credit Party or any Subsidiary of any Credit Party, (b) no petition for certification or election of any such representative is existing or pending with respect to any employee of any Credit
Party or any Subsidiary of any Credit Party and (c) no such representative has sought certification or recognition with respect to any employee of any Credit Party or any Subsidiary of any Credit Party. 

3.16 Intellectual Property. Schedule 3.16 sets forth a true and complete list of the following Intellectual Property each
Credit Party owns, licenses or otherwise has the right to use: (i) Intellectual Property that is registered or subject to applications for registration, (ii) Internet Domain Names and (iii) material Intellectual Property and material
Software, separately identifying that owned and licensed to such Credit Party and including for each of the foregoing items (1) the owner, (2) the title, (3) the jurisdiction in which such item has been registered or otherwise arises
or in which an application for registration has been filed, (4) as applicable, the registration or application number and registration or application date and (5) any IP Licenses or other rights (including franchises) granted by such
Credit Party with respect thereto. Each Credit Party and each Subsidiary of each Credit Party owns, or is licensed to use, all Intellectual Property necessary to conduct its business as currently conducted except for such Intellectual Property the
failure of which to own or license would not reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. To the knowledge of each Credit Party, (a) the conduct and operations of the businesses of each
Credit Party and each Subsidiary of each Credit Party does not infringe, misappropriate, dilute, violate or otherwise impair any Intellectual Property owned by any other Person and (b) no other Person has contested any right, title or interest
of any Credit Party or any Subsidiary of any Credit Party in, or relating to, any Intellectual Property, other than, in each case, as cannot reasonably be expected to affect the Loan Documents and the transactions contemplated therein and would not,
in the aggregate, reasonably be expected to have a Material Adverse Effect. 

  
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 3.17 Brokers’ Fees; Transaction Fees. Except for fees payable to Agent and
Lenders, none of the Credit Parties or any of their respective Subsidiaries has any obligation to any Person in respect of any finder’s, broker’s or investment banker’s fee in connection with the transactions contemplated hereby.

 3.18 Insurance. Schedule 3.18 lists all insurance policies of any nature maintained, as of the Amendment and
Restatement Date, for current occurrences by each Credit Party, including issuers, coverages and deductibles. Each of the Credit Parties and each of their respective Subsidiaries and their respective Properties are insured with financially sound and
reputable insurance companies that are not Affiliates of the Borrower, in such amounts, with such deductibles and covering such risks as are customarily carried by companies engaged in similar businesses and owning similar Properties in localities
where such Person operates. 
 3.19 Ventures, Subsidiaries and Affiliates; Outstanding Stock. Except as set forth in
Schedule 3.19, as of the Amendment and Restatement Date, the Borrower has no Subsidiaries and there are no Credit Parties other than the Borrower, no Credit Party and no Subsidiary of any Credit Party has any Subsidiaries, is engaged in any
joint venture or partnership with any other Person, or is an Affiliate of any other Person. All issued and outstanding Stock and Stock Equivalents of each of the Credit Parties and each of their respective Subsidiaries are duly authorized and
validly issued, fully paid, non-assessable, and free and clear of all Liens other than, with respect to the Stock and Stock Equivalents of the Borrower and Subsidiaries of the Borrower, those in favour of Agent, for the benefit of the Secured
Parties. All such securities were issued in compliance with all applicable provincial, territorial and federal laws concerning the issuance of securities. All of the issued and outstanding Stock of each Credit Party, each Subsidiary of each Credit
Party is owned by each of the Persons and in the amounts set forth in Schedule 3.19. Except as set forth in Schedule 3.19, there are no pre-emptive or other outstanding rights to purchase, options, warrants or similar rights or
agreements pursuant to which any Credit Party may be required to issue, sell, repurchase or redeem any of its Stock or Stock Equivalents or any Stock or Stock Equivalents of its Subsidiaries. Set forth in Schedule 3.19 is a true and complete
organizational chart of the Borrower and all of its Subsidiaries, which the Credit Parties shall update upon notice to Agent promptly following the incorporation, organization or formation of any Subsidiary. 

3.20 Jurisdiction of Organization; Chief Executive Office. Schedule 3.20 lists each Credit Party’s jurisdiction of
organization, legal name and organizational identification number, if any, and the location of such Credit Party’s chief executive office or sole place of business, in each case as of the date hereof, and such Schedule 3.20 also lists
all jurisdictions of organization and legal names of such Credit Party for the five years preceding the Amendment and Restatement Date. 
 3.21 Locations of Inventory, Equipment and Books and Records. Each Credit Party’s inventory and equipment (other than inventory or equipment in transit) and books and records concerning the
Collateral are kept at the locations listed in Schedule 3.21 (which Schedule 3.21 shall be promptly updated by the Credit Parties upon notice to Agent as permanent Collateral locations change). 

  
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 3.22 Deposit Accounts and Other Accounts. Schedule 3.22 lists all banks and
other financial institutions at which any Credit Party maintains deposit or other accounts as of the Amendment and Restatement Date, and such Schedule correctly identifies the name, address and telephone number of each depository, the name in which
the account is held, a description of the purpose of the account, and the complete account number therefor. 
 3.23
Government Contracts. Except as set forth in Schedule 3.23, as of the Amendment and Restatement Date, no Credit Party is a party to any contract or agreement with any Governmental Authority and no Credit Party’s Accounts are
subject to the Financial Administration Act (Canada), the Federal Assignment of Claims Act (31 U.S.C. Section 3727) or any similar provincial, territorial, local or foreign law. 

3.24 Customer and Trade Relations. As of the Amendment and Restatement Date, there exists no actual or, to the knowledge of any
Credit Party, threatened termination or cancellation of, or any material adverse modification or change in (a) the business relationship of any Credit Party with any customer or group of customers whose purchases during the preceding 12
calendar months caused them to be ranked among the ten largest customers of such Credit Party or (b) the business relationship of any Credit Party with any supplier essential to its operations. 

3.25 Bonding. Except as set forth in Schedule 3.25, as of the Amendment and Restatement Date, no Credit Party is a party to
or bound by any surety bond agreement, indemnification agreement therefor or bonding requirement with respect to products or services sold by it. 
 3.26 Full Disclosure. None of the representations or warranties made by any Credit Party or any of their Subsidiaries in the Loan Documents as of the date such representations and warranties are
made or deemed made, and none of the statements contained in each exhibit, report, statement or certificate furnished by or on behalf of any Credit Party or any of their Subsidiaries in connection with the Loan Documents (including the offering and
disclosure materials, if any, delivered by or on behalf of any Credit Party to Agent or the Lenders prior to the Amendment and Restatement Date), contains any untrue statement of a material fact or omits any material fact required to be stated
therein or necessary to make the statements made therein, in light of the circumstances under which they are made, not misleading as of the time when made or delivered. 
 3.27 Counter-Terrorism Regulations and Anti-Money Laundering. Each Credit Party and each Subsidiary of each Credit Party is and will remain in compliance with all applicable economic sanctions laws
and all applicable anti-money laundering and counter-terrorism financing laws, including the provisions of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (Canada), the Criminal Code (Canada), the United Nations Act (Canada),
and other federal, provincial, territorial or local laws relating to “know your customer” and anti-money laundering rules and regulations. No Credit Party and no Subsidiary or Affiliate of a Credit Party (i) is a Person designated by
the Canadian government on any list set out in the United Nations Al-Qaida and Taliban Regulations, the Regulations Implementing the United Nations Resolutions on the Suppression of Terrorism or the Criminal Code (collectively, the “Terrorist
Lists”) with which a Canadian Person cannot deal with or otherwise engage in business transactions, (ii) is a Person who is otherwise the target of Canadian economic sanctions laws such that a Canadian Person cannot deal or otherwise
engage in business transactions with such Person or (iii) is controlled by (including without limitation by virtue of such person being a director or owning voting shares or interests), or acts, directly or indirectly, for or on behalf of, any
person or entity on any Terrorist List or a foreign government that is the target of Canadian economic sanctions prohibitions such that the entry into, or performance under, this Agreement or any other Loan Document would be prohibited under
Canadian law. No part of the proceeds of any Loan will be used directly or indirectly for any payments to any government official or employee, political party, official of a political party, candidate for political office, or anyone else acting in
an official capacity, in order to obtain, retain or direct business or obtain any improper advantage, in violation of any applicable laws. 

  
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 ARTICLE IV 
 AFFIRMATIVE COVENANTS 
 Each Credit Party covenants and agrees that, so
long as any Lender shall have any Commitment hereunder, or any Loan or other Obligation (other than contingent indemnification Obligations to the extent no claim giving rise thereto has been asserted) shall remain unpaid or unsatisfied: 

4.1 Financial Statements. Each Credit Party shall maintain, and shall cause each of its Subsidiaries to maintain, a system of
accounting established and administered in accordance with sound business practices to permit the preparation of financial statements in conformity with GAAP (provided that monthly financial statements shall not be required to have footnote
disclosures and are subject to normal year-end adjustments). The Borrower shall deliver to Agent and each Lender by Electronic Transmission and in detail reasonably satisfactory to Agent and the Required Lenders: 

(a) as soon as available, but not later than ninety (90) days after the end of each Fiscal Year, a copy of the
audited consolidated and consolidating balance sheets of the Borrower and each of its Subsidiaries as at the end of such year and the related consolidated and consolidating statements of income or operations, shareholders’ equity and cash flows
for such Fiscal Year, setting forth in each case in comparative form the figures for the previous Fiscal Year, and accompanied by the report of any “Big Four” or other nationally-recognized independent chartered accounting firm reasonably
acceptable to Agent which report shall (i) contain an unqualified opinion, stating that such consolidated financial statements present fairly in all material respects the financial position for the periods indicated in conformity with GAAP
applied on a basis consistent with prior years and (ii) not include any explanatory paragraph expressing substantial doubt as to going concern status; and 
 (b) as soon as available, but not later than thirty (30) days after the end of each Fiscal Month of each year (or forty-five (45) days after the end of each Fiscal Month that coincides with the
end of a Fiscal Quarter), a copy of the unaudited consolidated and consolidating balance sheets of the Borrower and each of its Subsidiaries, and the related consolidated and consolidating statements of income, shareholders’ equity and cash
flows as of the end of such Fiscal Month and for the portion of the Fiscal Year then ended, all certified on behalf of the Borrower by an appropriate Responsible Officer of the Borrower as being complete and correct and fairly presenting, in all
material respects, in accordance with GAAP, the financial position and the results of operations of the Borrower and its Subsidiaries, subject to normal year-end adjustments and absence of footnote disclosures. 

  
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 4.2 Appraisals; Certificates; Other Information. The Borrower shall furnish to Agent
and each Lender by Electronic Transmission: 
 (a) together with each delivery of financial statements pursuant
to subsections 4.1(a) and 4.1(b), a report setting forth in comparative form the corresponding figures for the corresponding periods of the previous Fiscal Year and the corresponding figures from the most recent projections for the
current Fiscal Year delivered pursuant to subsection 4.2(k) and discussing the reasons for any significant variations; 
 (b) concurrently with the delivery of the financial statements referred to in subsections 4.1(a) and 4.1(b) above, a fully and properly completed Compliance Certificate in the form of
Exhibit 4.2(b), certified on behalf of the Borrower by a Responsible Officer of the Borrower; 
 (c)
promptly after the same are sent, copies of all financial statements and regular, periodic or special reports which such Person may make to, or file with, any Canadian securities commission or similar Governmental Authority in Canada; 

(d) as soon as available and in any event within fifteen (15) days after the end of each Fiscal Month, and at such
other times as Agent may reasonably require, a Borrowing Base Certificate, certified on behalf of the Borrower by a Responsible Officer of the Borrower, setting forth the Borrowing Base of the Borrower and any other Credit Parties as at the end of
the most-recently ended Fiscal Month or as at such other date as Agent may reasonably require; 
 (e)
concurrently with the delivery of the Borrowing Base Certificate, a summary of Inventory by location and type with a supporting perpetual Inventory report, in each case accompanied by such supporting detail and documentation as shall be
requested by Agent in its reasonable discretion; 
 (f) concurrently with the delivery of the Borrowing Base
Certificate, a monthly trial balance showing Accounts outstanding aged from invoice date as follows: 1 to 30 days, 31 to 60 days, 61 to 90 days, accompanied by such supporting detail and documentation as shall be requested by Agent in its reasonable
discretion; 
 (g) concurrently with the delivery of the Borrowing Base Certificate, an aging of accounts payable
accompanied by such supporting detail and documentation as shall be requested by Agent in its reasonable discretion; 
 (h) on a monthly basis or at such more frequent intervals as Agent may request from time to time (together with a copy of all or any part of such delivery requested by any Lender in writing after the
Amendment and Restatement Date), collateral reports, including all additions and reductions (cash and non-cash) with respect to Accounts of the Credit Parties in each case accompanied by such supporting detail and documentation as shall be requested
by Agent in its reasonable discretion each of which shall be prepared by the Borrower as of the last day of the immediately preceding week or the date 2 days prior to the date of any request; 

  
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 (i) to Agent, at the time of delivery of each of the monthly financial
statements delivered pursuant to subsection 4.1(b); 
 (i) a reconciliation of the most recent Borrowing
Base Certificate, general ledger and month-end accounts receivable aging of the Borrower to such Borrower’s general ledger and monthly financial statements delivered pursuant to subsection 4.1(b), in each case, accompanied by such
supporting detail and documentation as shall be requested by Agent in its reasonable discretion; 
 (ii) a
reconciliation of the perpetual inventory by location to the Borrower’s most recent Borrowing Base Certificate, general ledger and monthly Financial Statements delivered pursuant to subsection 4.1(b), in each case, accompanied by such
supporting detail and documentation as shall be requested by Agent in its reasonable discretion; 
 (iii) a
reconciliation of the accounts payable aging to the Borrower’s general ledger and monthly Financial Statements delivered pursuant to subsection 4.1(b), in each case, accompanied by such supporting detail and documentation as shall
be requested by Agent in its reasonable discretion; 
 (iv) a reconciliation of the accounts receivable aging to
the Borrower’s general ledger and monthly Financial Statements delivered pursuant to subsection 4.1(b), in each case, accompanied by such supporting detail and documentation as shall be requested by Agent in its reasonable discretion;
and 
 (v) a reconciliation of the outstanding Loans as set forth in the monthly loan account statement provided
by Agent to the Borrower’s general ledger and monthly Financial Statements delivered pursuant to subsection 4.1(b), in each case, accompanied by such supporting detail and documentation as shall be requested by Agent in its reasonable
discretion; 
 (j) at the time of delivery of each of the monthly or annual financial statements delivered
pursuant to Section 4.1, (i) a listing of government contracts of the Borrower subject to the Financial Administration Act (Canada) or any similar provincial, territorial, local or foreign law; and (ii) a list of any
applications for the registration of any Patent, Trademark or Copyright filed by any Credit Party with the Canadian Intellectual Property Office, the United States Patent and Trademark Office, the United States Copyright Office or any similar office
or agency in each case entered into or filed in the prior Fiscal Month; 
 (k) as soon as available and in any
event no later than the last day of each Fiscal Year of the Borrower, projections of the Credit Parties’ (and their Subsidiaries’) consolidated and consolidating financial performance for the forthcoming Fiscal Year on a month by month
basis; 

  
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 (l) promptly upon receipt thereof, copies of any reports submitted by the
certified chartered accountants in connection with each annual, interim or special audit or review of any type of the financial statements or internal control systems of any Credit Party made by such accountants, including any comment letters
submitted by such accountants to management of any Credit Party in connection with their services; 
 (m) upon
Agent’s request from time to time, the Credit Parties shall permit and enable Agent to obtain appraisals in form and substance and from appraisers reasonably satisfactory to Agent stating the then Net Orderly Liquidation Value, or such other
value as determined by Agent, of all or any portion of the Inventory of any Credit Party or any Subsidiary of any Credit Party; provided, that notwithstanding any provision herein to the contrary, the Credit Parties shall only be obligated to
reimburse Agent for the expenses of such appraisals occurring once per year or more frequently so long as an Event of Default has occurred and is continuing; 
 (n) promptly, such additional business, financial, corporate affairs, perfection certificates and other information as Agent may from time to time reasonably request; and 

(o) upon request by Agent from time to time, the Borrower shall provide Agent with a description of the operations and
financial condition of the Credit Parties and their Subsidiaries for the Fiscal Quarter and the portion of the Fiscal Year then ended. 
 4.3 Notices. The Borrower shall notify promptly Agent and each Lender of each of the following (and in no event later than three (3) Business Days after a Responsible Officer becoming aware
thereof): 
 (a) the occurrence or existence of any Default or Event of Default, or any event or circumstance
that foreseeably will become a Default or Event of Default; 
 (b) any breach or non-performance of, or any
default under, any Contractual Obligation of any Credit Party or any Subsidiary of any Credit Party, or any violation of, or non-compliance with, any Requirement of Law, which would reasonably be expected to result, either individually or in the
aggregate, in a Material Adverse Effect, including a description of such breach, non-performance, default, violation or non-compliance and the steps, if any, such Person has taken, is taking or proposes to take in respect thereof; 

(c) any dispute, litigation, investigation, proceeding or suspension which may exist at any time between any Credit Party
or any Subsidiary of any Credit Party and any Governmental Authority which would reasonably be expected to result, either individually or in the aggregate, in Liabilities in excess of $200,000; 

  
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 (d) the commencement of, or any material development in, any litigation or
proceeding affecting any Credit Party or any Subsidiary of any Credit Party (i) in which the amount of damages claimed is $200,000 (or its equivalent in another currency or currencies) or more, (ii) in which injunctive or similar relief is
sought and which, if adversely determined, would reasonably be expected to have a Material Adverse Effect, or (iii) in which the relief sought is an injunction or other stay of the performance of this Agreement, any other Loan Document or any
Related Agreement; 
 (e) (i) the receipt by any Credit Party of any notice of violation of or potential
liability or similar notice under Environmental Law, (ii)(A) unpermitted Releases, (B) the existence of any condition that could reasonably be expected to result in violations of or Liabilities under, any Environmental Law or (C) the
commencement of, or any material change to, any action, investigation, suit, proceeding, audit, claim, demand, dispute alleging a violation of or Liability under any Environmental Law which in the case of clauses (A), (B) and (C) above, in
the aggregate for all such clauses, would reasonably be expected to result in Material Environmental Liabilities, (iii) the receipt by any Credit Party of notification that any property of any Credit Party is subject to any Lien in favour of
any Governmental Authority securing, in whole or in part, Environmental Liabilities and (iv) any proposed acquisition or lease of Real Estate, if such acquisition or lease would have a reasonable likelihood of resulting in Material
Environmental Liabilities; 
 (f) any Material Adverse Effect subsequent to the date of the most recent audited
financial statements delivered to Agent and Lenders pursuant to this Agreement; 
 (g) any material change in
accounting policies or financial reporting practices by any Credit Party or any Subsidiary of any Credit Party; 

(h) any labour controversy resulting in or threatening to result in any strike, work stoppage, boycott, shutdown or other
labour disruption against or involving any Credit Party or any Subsidiary of any Credit Party if the same would reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect; 

(i) the creation, establishment or acquisition of any Subsidiary or the issuance by or to any Credit Party of any Stock or
Stock Equivalent; 
 (j) (i) the creation, or filing with the CRA or any other Governmental Authority, of any
Contractual Obligation or other document extending, or having the effect of extending, the period for assessment or collection of any income or franchise or other material taxes with respect to any Tax Affiliate and (ii) the creation of any
Contractual Obligation of any Tax Affiliate, or the receipt of any request directed to any Tax Affiliate, to make any material adjustment, by reason of a change in accounting method or otherwise; and 

(k) if the Accounts owing by any Account Debtor and its Affiliates to the Borrower exceed twenty percent (20%) of all
Accounts owing by all Account Debtors as of any date. 
 Each notice pursuant to this Section 4.3 shall be in electronic form
accompanied by a statement by a Responsible Officer of the Borrower, on behalf of the Borrower, setting forth details of the occurrence referred to therein, and stating what action the Borrower or other Person proposes to take with respect thereto
and at what time. Each notice under subsection 4.3(a) shall describe with particularity any and all clauses or provisions of this Agreement or other Loan Document that have been breached or violated. 

  
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 4.4 Preservation of Corporate Existence, Etc. Each Credit Party shall, and shall
cause each of its Subsidiaries to: 
 (a) preserve and maintain in full force and effect its organizational
existence and good standing under the laws of its jurisdiction of incorporation, organization or formation, as applicable, except, with respect to the Borrower’s Subsidiaries, in connection with transactions permitted by
Section 5.3; 
 (b) preserve and maintain in full force and effect all rights, privileges,
qualifications, permits, licenses and franchises necessary in the normal conduct of its business except in connection with transactions permitted by Section 5.3 and sales of assets permitted by Section 5.2 and except as would
not reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect; 
 (c)
use its commercially reasonable efforts, in the Ordinary Course of Business, to preserve its business organization and preserve the goodwill and business of the customers, suppliers and others having material business relations with it; 

(d) preserve or renew all of its registered trademarks, trade names and service marks, the non-preservation of which would
reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect; and 
 (e)
conduct its business and affairs without infringement of or interference with any Intellectual Property of any other Person in any material respect and shall comply in all material respects with the terms of its IP Licenses. 

4.5 Maintenance of Property. Each Credit Party shall maintain, and shall cause each of its Subsidiaries to maintain, and preserve
all its Property which is used or useful in its business in good working order and condition, ordinary wear and tear excepted and shall make all necessary repairs thereto and renewals and replacements thereof except where the failure to do so would
not reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. 
 4.6 Insurance.

 (a) Each Credit Party shall, and shall cause each of its Subsidiaries to, (i) maintain or cause to be
maintained in full force and effect all policies of insurance of any kind with respect to the property and businesses of the Credit Parties and such Subsidiaries (including policies of life, fire, theft, product liability, public liability, property
damage, other casualty, employee fidelity, workers’ compensation, business interruption and employee health and welfare insurance) with financially sound and reputable insurance companies or associations (in each case that are not Affiliates of
the Borrower) of a nature and providing such coverage as is sufficient and as is customarily carried by businesses of the size and character of the business of the Credit Parties and (ii) cause all such insurance relating to any property or
business of any Credit Party to name Agent as additional insured or loss payee, as appropriate. All policies of insurance on real and personal property of the Credit Parties will contain an endorsement, in form and substance acceptable to Agent,
showing loss payable to Agent and extra expense and business interruption endorsements. Such endorsement, or an independent instrument furnished to Agent, will provide that the insurance companies will give Agent written notice in accordance with
the policy provisions before any such policy or policies of insurance shall be altered or cancelled and that no act or default of the Credit Parties or any other Person shall affect the right of Agent to recover under such policy or policies of
insurance in case of loss or damage. Each Credit Party shall direct all present and future insurers under its “All Risk” policies of property insurance to pay all proceeds payable thereunder directly to Agent. If any insurance proceeds are
paid by cheque, draft or other instrument payable to any Credit Party and Agent jointly, Agent may endorse such Credit Party’s name thereon and do such other things as Agent may deem advisable to reduce the same to cash. Agent reserves the
right at any time, upon review of each Credit Party’s risk profile, to require additional forms and limits of insurance. 

  
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 (b) Unless the Credit Parties provide Agent with evidence of the insurance
coverage required by this Agreement, Agent may purchase insurance at the Credit Parties’ expense to protect Agent’s and Lenders’ interests in the Credit Parties’ and their Subsidiaries’ properties. This insurance may, but
need not, protect the Credit Parties’ and their Subsidiaries’ interests. The coverage that Agent purchases may not pay any claim that any Credit Party or any Subsidiary of any Credit Party makes or any claim that is made against such
Credit Party or any Subsidiary in connection with said Property. The Borrower may later cancel any insurance purchased by Agent, but only after providing Agent with evidence that there has been obtained insurance as required by this Agreement. If
Agent purchases insurance, the Credit Parties will be responsible for the costs of that insurance, including interest and any other charges Agent may impose in connection with the placement of insurance, until the effective date of the cancellation
or expiration of the insurance. The costs of the insurance shall be added to the Obligations. The costs of the insurance may be more than the cost of insurance the Borrower may be able to obtain on their own. 

4.7 Payment of Obligations. Such Credit Party shall, and shall cause each of its Subsidiaries to, pay, discharge and perform as
the same shall become due and payable or required to be performed, all their respective obligations and liabilities, including: 
 (a) all tax liabilities, assessments and governmental charges or levies upon it or its Property, unless (i) the same are being contested in good faith by appropriate proceedings diligently prosecuted
which stay the filing or enforcement of any Lien and for which adequate reserves in accordance with GAAP are being maintained by such Person; and (ii) the aggregate Liabilities secured by such Lien do not exceed $200,000; 

(b) all lawful claims which, if unpaid, would by law become a Lien upon its Property unless the same are being contested
in good faith by appropriate proceedings diligently prosecuted which stay the imposition or enforcement of any Lien and for which adequate reserves in accordance with GAAP are being maintained by such Person; 

  
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 (c) all Indebtedness, as and when due and payable, but subject to any
subordination provisions contained herein, in any other Loan Documents and/or in any instrument or agreement evidencing such Indebtedness; 
 (d) the performance of all obligations under any Contractual Obligation to such Credit Party or any of its Subsidiaries is bound, or to which it or any of its Property is subject, including the Related
Agreements, except where the failure to perform would not reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect; and 

(e) payments to the extent necessary to avoid the imposition of a Lien with respect to, or the involuntary termination of
any underfunded Canadian Benefit Plan or U.S. Benefit Plan. 
 4.8 Compliance with Laws; Pension Plans and Benefit Plans.

 (a) Each Credit Party shall, and shall cause each of its Subsidiaries to, comply with all Requirements of Law
of any Governmental Authority having jurisdiction over it or its business, except where the failure to comply would not reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. 

(b) For each existing, or hereafter adopted, Canadian Pension Plan and Canadian Benefit Plan, each Credit Party shall in a
timely fashion comply with and perform in all material respects all of its obligations under and in respect of such Canadian Pension Plan or Canadian Benefit Plan, including under any funding agreements and all applicable laws (including any
fiduciary, funding, investment and administration obligations). 
 (c) All employer or employee payments,
contributions or premiums required to be remitted, paid to or in respect of each Canadian Pension Plan or Canadian Benefit Plan shall be paid or remitted by each Credit Party in a timely fashion in accordance with the terms thereof, any funding
agreements and all applicable laws. 
 (d) Borrower shall deliver to Agent (i) if requested by Agent, copies
of each annual and other return, report or valuation with respect to each Canadian Pension Plan as filed with any applicable Governmental Authority; (ii) promptly after receipt thereof, a copy of any direction, order, notice, ruling or opinion
that any Credit Party may receive from any applicable Governmental Authority with respect to any Canadian Pension Plan; and (iii) notification within 30 days of any increases having a cost to one or more of the Credit Parties in excess of
$200,000 per annum in the aggregate, in the benefits of any existing Canadian Pension Plan or Canadian Benefit Plan, or the establishment of any new Canadian Pension Plan or Canadian Benefit Plan, or the commencement of contributions to any such
plan to which any Credit Party was not previously contributing. 

  
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 4.9 Inspection of Property and Books and Records. Each Credit Party shall maintain
and shall cause each of its Subsidiaries to maintain proper books of record and account, in which full, true and correct entries in conformity with GAAP consistently applied shall be made of all financial transactions and matters involving the
assets and business of such Person. Each Credit Party shall, and shall cause each of its Subsidiaries to, with respect to each owned, leased, or controlled property, during normal business hours and upon reasonable advance notice (unless an Event of
Default shall have occurred and be continuing, in which event no notice shall be required and Agent shall have access at any and all times during the continuance thereof): (a) provide access to such property to Agent and any of its Related
Persons, as frequently as Agent determines to be appropriate; and (b) permit Agent and any of its Related Persons to conduct field examinations, audit, inspect and make extracts and copies (or take originals if reasonably necessary) from all of
such Credit Party’s books and records, and evaluate and make physical verifications of the Inventory and other Collateral in any manner and through any medium that Agent considers advisable, in each instance, at the Credit Parties’
expense; provided the Credit Parties shall only be obligated to reimburse Agent for the expenses for one, such field examinations, audits and inspections per year or more frequently if an Event of Default has occurred and is continuing. Any Lender
may accompany Agent or its Related Persons in connection with any inspection at such Lender’s expense. 
 4.10 Use of
Proceeds. The Borrower shall use the proceeds of the Loans solely as follows: (a) to capitalize in part, the Special Purpose Subsidiary, (b) to pay costs and expenses required to be paid pursuant to Section 2.1, and
(c) for working capital, capital expenditures and other general corporate purposes not in contravention of any Requirement of Law and not in violation of this Agreement. 
 4.11 Cash Management Systems. Each Credit Party shall enter into, and cause each depository, securities intermediary or futures intermediary to enter into, Control Agreements providing for
“springing” cash dominion with respect to each deposit, securities, futures or similar account maintained by such Person (other than any payroll account so long as such payroll account is a zero balance account and withholding tax and
fiduciary accounts) as of or after the Amendment and Restatement Date. In addition, at Agent’s request, Credit Parties will enter into Control Agreements providing for springing cash dominion over disbursement accounts as of the Amendment and
Restatement Date, except as set forth in the preceding sentence. With respect to accounts subject to “springing” Control Agreements, unless and until an Event of Default has occurred and is continuing or Availability falls below
$4,000,000, Agent shall not deliver to the relevant depository, securities intermediary or futures intermediary a notice or other instruction which provides for exclusive control over such account by Agent. The Credit Parties shall not maintain cash
on deposit in disbursement accounts in excess of outstanding cheques and wire transfers payable from such accounts and amounts necessary to meet minimum balance requirements. 
 4.12 Landlord Agreements. Each Credit Party shall use commercially reasonable efforts to obtain a landlord agreement or bailee or mortgagee waivers, as applicable, from the lessor of each leased
property, bailee in possession of any Collateral or mortgagee of any owned property with respect to each location where any Collateral is stored or located, which agreement shall be reasonably satisfactory in form and substance to Agent. 

  
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 4.13 Further Assurances. 

(a) Each Credit Party shall ensure that all written information, exhibits and reports furnished to Agent or the Lenders do
not and will not contain any untrue statement of a material fact and do not and will not omit to state any material fact or any fact necessary to make the statements contained therein not misleading in light of the circumstances in which made, and
will promptly disclose to Agent and the Lenders and correct any defect or error that may be discovered therein or in any Loan Document or in the execution, acknowledgement or recordation thereof. 

(b) Promptly upon request by Agent, the Credit Parties shall (and, subject to the limitations hereinafter set forth, shall
cause each of their Subsidiaries to) take such additional actions and execute such documents as Agent may reasonably require from time to time in order (i) to carry out more effectively the purposes of this Agreement or any other Loan Document,
(ii) to subject to the Liens created by any of the Collateral Documents any of the Properties, rights or interests covered by any of the Collateral Documents, (iii) to perfect and maintain the validity, effectiveness and priority of any of
the Collateral Documents and the Liens intended to be created thereby, and (iv) to better assure, convey, grant, assign, transfer, preserve, protect and confirm to the Secured Parties the rights granted or now or hereafter intended to be
granted to the Secured Parties under any Loan Document. Without limiting the generality of the foregoing and except as otherwise approved in writing by Required Lenders, the Credit Parties shall cause each of their Subsidiaries to guarantee the
Obligations and to cause each such Subsidiary to grant to Agent, for the benefit of the Secured Parties, a security interest in, subject to the limitations hereinafter set forth, all of such Subsidiary’s Property to secure such guarantee.
Furthermore and except as otherwise approved in writing by Required Lenders, each Credit Party shall, and shall cause each of its Subsidiaries to, pledge all of the Stock and Stock Equivalents of each of its Subsidiaries, in each instance, to Agent,
for the benefit of the Secured Parties, to secure the Obligations. In connection with each pledge of Stock and Stock Equivalents, the Credit Parties shall deliver, or cause to be delivered, to Agent, irrevocable proxies and stock powers and/or
assignments, as applicable, duly executed in blank. 
 4.14 Environmental Matters. Each Credit Party shall, and shall
cause each of its Subsidiaries to, comply with, and maintain its Real Estate, whether owned, leased, subleased or otherwise operated or occupied, in compliance with, all applicable Environmental Laws (including by implementing any Remedial Action
necessary to achieve such compliance) or that is required by orders and directives of any Governmental Authority except where the failure to comply would not reasonably be expected to, individually or in the aggregate, result in a Material
Environmental Liability. Without limiting the foregoing, if an Event of Default is continuing or if Agent at any time has a reasonable basis to believe that there exist violations of Environmental Laws by any Credit Party or any Subsidiary of any
Credit Party or that there exist any Environmental Liabilities, then each Credit Party shall, promptly upon receipt of request from Agent, cause the performance of, and allow Agent and its Related Persons access to such Real Estate for the purpose
of conducting, such environmental audits and assessments, including subsurface sampling of soil and groundwater, and cause the preparation of such reports, in each case as Agent may from time to time reasonably request. Such audits, assessments and
reports, to the extent not conducted by Agent or any of its Related Persons, shall be conducted and prepared by reputable environmental consulting firms reasonably acceptable to Agent and shall be in form and substance reasonably acceptable to
Agent. 

  
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 ARTICLE V 
 NEGATIVE COVENANTS 
 Each Credit Party covenants and agrees that, so long
as any Lender shall have any Commitment hereunder, or any Loan or other Obligation (other than contingent indemnification Obligations to the extent no claim giving rise thereto has been asserted) shall remain unpaid or unsatisfied: 

5.1 Limitation on Liens. No Credit Party shall, and no Credit Party shall suffer or permit any of its Subsidiaries to, directly or
indirectly, make, create, incur, assume or suffer to exist any Lien upon or with respect to any part of its Property, whether now owned or hereafter acquired, other than the following (“Permitted Liens”): 

(a) any Lien existing on the Property of a Credit Party or a Subsidiary of a Credit Party on the Amendment and Restatement
Date and set forth in Schedule 5.1 securing Indebtedness outstanding on such date and permitted by subsection 5.5(c), including replacement Liens on the Property currently subject to such Liens securing Indebtedness permitted by
subsection 5.5(c); 
 (b) any Lien created under any Loan Document; 

(c) Liens for taxes, fees, assessments or other governmental charges (i) which are not past due or remain payable
without penalty, or (ii) the non-payment of which is permitted by Section 4.7; 
 (d)
carriers’, warehousemen’s, mechanics’, landlords’, materialmen’s, repairmen’s or other similar Liens arising in the Ordinary Course of Business which are not past due or remain payable without penalty or which are being
contested in good faith and by appropriate proceedings diligently prosecuted, which proceedings have the effect of preventing the forfeiture or sale of the Property subject thereto and for which adequate reserves in accordance with GAAP are being
maintained; 
 (e) Liens consisting of pledges or deposits required in the Ordinary Course of Business in
connection with workers’ compensation, employment insurance and other social security legislation or to secure the performance of tenders, statutory obligations, surety, stay, customs and appeals bonds, bids, leases, governmental contract,
trade contracts, performance and return of money bonds and other similar obligations (exclusive of obligations for the payment of borrowed money) or to secure liability to insurance carriers; 

(f) Liens consisting of judgment or judicial attachment liens (other than for payment of taxes, assessments or other
governmental charges), provided that the enforcement of such Liens is effectively stayed and all such Liens secure claims in the aggregate at any time outstanding for the Credit Parties and their Subsidiaries not exceeding $200,000; 

(g) easements, rights-of-way, zoning and other restrictions, minor defects or other irregularities in title, and other
similar encumbrances incurred in the Ordinary Course of Business which, either individually or in the aggregate, are not substantial in amount, and which do not in any case materially detract from the value of the Property subject thereto or
interfere in any material respect with the ordinary conduct of the businesses of any Credit Party or any Subsidiary of any Credit Party; 

  
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 (h) Liens on any Property acquired or held by any Credit Party or any
Subsidiary of any Credit Party securing Indebtedness incurred or assumed for the purpose of financing (or refinancing) all or any part of the cost of acquiring such Property and permitted under subsection 5.5(d); provided that (i) any
such Lien attaches to such Property concurrently with or within twenty (20) days after the acquisition thereof, (ii) such Lien attaches solely to the Property so acquired in such transaction and the proceeds thereof, and (iii) the
principal amount of the debt secured thereby does not exceed 100% of the cost of such Property; 
 (i) Liens
securing Capital Lease Obligations permitted under subsection 5.5(d); 
 (j) any interest or title of
a lessor or sublessor under any lease permitted by this Agreement; 
 (k) non-exclusive licenses and sublicenses
granted by a Credit Party and leases or subleases (by a Credit Party as lessor or sublessor) to third parties in the Ordinary Course of Business not interfering with the business of the Credit Parties or any of their Subsidiaries; 

(l) to the extent not included in clauses (a), (d) or (e) above, Prior Claims that are unregistered and secure
amounts that are not yet due and payable; 
 (m) Liens (including the right of set-off) in favour of a bank or
other depository institution arising as a matter of law encumbering deposits; and 
 (n) Liens in favour of
customs and revenue authorities arising as a matter of law which secure payment of customs duties in connection with the importation of goods in the Ordinary Course of Business. 

5.2 Disposition of Assets. No Credit Party shall, and no Credit Party shall suffer or permit any of its Subsidiaries to, directly
or indirectly, sell, assign, lease, convey, transfer or otherwise dispose of (whether in one or a series of transactions) any Property or real estate (including the Stock of any Subsidiary of any Credit Party, whether in a public or a private
offering or otherwise, and accounts and notes receivable, with or without recourse) or enter into any agreement to do any of the foregoing, except: 
 (a) dispositions to any Person of (i) Inventory in the Ordinary Course of Business, (ii) Equipment having a book value not exceeding $10,000,000 in the aggregate during the term of this
Agreement, or (iii) real estate as part of a sale/leaseback transaction, provided that cash consideration is received by the Credit Party at the time of sale for dispositions under clauses (ii) and (iii); 

  
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 (b) dispositions (other than of (i) the Stock of any Subsidiary of any
Credit Party or (ii) any Accounts of any Credit Party) not otherwise permitted hereunder which are made for fair market value and the mandatory prepayment in the amount of the Net Proceeds of such disposition is made if and to the extent
required by Section 1.8; provided, that (i) at the time of any disposition, no Event of Default shall exist or shall result from such disposition, (ii) all of the aggregate sales price from such disposition shall be paid in
cash, (iii) after giving effect to such disposition, the Credit Parties are in compliance on a pro forma basis with the covenants set forth in Article VI, recomputed for the most recent Fiscal Quarter for which financial statements have
been delivered; 
 (c) dispositions of Cash Equivalents; and 

(d) transactions permitted under Section 5.1(k). 

5.3 Amalgamation, Consolidations and Mergers. No Credit Party shall, and no Credit Party shall suffer or permit any of its
Subsidiaries to (a) amalgamate, merge, consolidate with or into, or convey, transfer, lease or otherwise dispose of (whether in one transaction or in a series of transactions) all or substantially all of its assets (whether now owned or
hereafter acquired) to or in favour of any Person, except upon not less than five (5) Business Days prior written notice to Agent, except that (i) any Subsidiary of the Borrower may amalgamate or merge with, or dissolve or liquidate into,
the Borrower or a Wholly-Owned Subsidiary of the Borrower which is a Domestic Subsidiary, provided that the Borrower or such Wholly-Owned Subsidiary which is a Domestic Subsidiary shall be the continuing or surviving entity and all actions required
to maintain perfected Liens on the Stock of the surviving entity and other Collateral in favour of Agent shall have been completed and (ii) any Foreign Subsidiary may merge with or dissolve or liquidate into another Foreign Subsidiary provided
if a First Tier Foreign Subsidiary is a constituent entity in such amalgamation, merger, dissolution or liquidation, such First Tier Foreign Subsidiary shall be the continuing or surviving entity. 

5.4 Acquisitions; Loans and Investments. No Credit Party shall and no Credit Party shall suffer or permit any of its Subsidiaries
to (i) purchase or acquire, or make any commitment to purchase or acquire any Stock or Stock Equivalents, or any obligations or other securities of, or any interest in, any Person, including the establishment or creation of a Subsidiary, or
(ii) make or commit to make any Acquisitions, or any other acquisition of all or substantially all of the assets of another Person, or of any business or division of any Person, including without limitation, by way of amalgamation, merger,
consolidation or other combination or (iii) make or purchase, or commit to make or purchase, any advance, loan, extension of credit or capital contribution to or any other investment in, any Person including the Borrower, any Affiliate of the
Borrower or any Subsidiary of the Borrower (the items described in clauses (i), (ii) and (iii) are referred to as “Investments”), except for: 

(a) Investments in cash and Cash Equivalents; 

(b) Investments received as the non-cash portion of consideration received in connection with transactions permitted
pursuant to subsection 5.2(b); 

  
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 (c) Investments acquired in connection with the settlement of delinquent
Accounts in the Ordinary Course of Business or in connection with the bankruptcy or reorganization of suppliers or customers; 
 (d) Investments existing on the Amendment and Restatement Date and set forth in Schedule 5.4; 
 (e) loans or advances to employees permitted under Section 5.6;  
 (f) Investments made in the Special Purpose Subsidiary prior to December 31, 2010 in an aggregate amount not to exceed $25,000,000. 

5.5 Limitation on Indebtedness. No Credit Party shall, and no Credit Party shall suffer or permit any of its Subsidiaries to,
create, incur, assume, permit to exist, or otherwise become or remain directly or indirectly liable with respect to, any Indebtedness, except: 
 (a) the Obligations; 
 (b) Indebtedness consisting of Contingent
Obligations described in clause (a) of the definition thereof and permitted pursuant to Section 5.8; 
 (c) Indebtedness existing on the Amendment and Restatement Date and set forth in Schedule 5.5 including Permitted Refinancings thereof; 

(d) Indebtedness not to exceed $500,000 in the aggregate at any time outstanding, consisting of Capital Lease Obligations
or secured by Liens permitted by subsection 5.1(h) and Permitted Refinancings thereof; 
 (e) unsecured
intercompany Indebtedness permitted pursuant to subsection 5.4(b); and 
 (f) other unsecured Indebtedness
owing to Persons that are not Affiliates of the Credit Parties not exceeding $200,000 in the aggregate at any time outstanding. 

5.6 Employee Loans and Transactions with Affiliates. No Credit Party shall, and no Credit Party shall suffer or permit any of its
Subsidiaries to, enter into any transaction with any Affiliate of the Borrower or of any such Subsidiary, and no Credit Party shall enter into any lending or borrowing transaction with any employees of any Credit Party, except: 

(a) as expressly permitted by this Agreement; or 

(b) in the Ordinary Course of Business and pursuant to the reasonable requirements of the business of such Credit Party or
such Subsidiary upon fair and reasonable terms no less favourable to such Credit Party or such Subsidiary than would be obtained in a comparable arm’s length transaction with a Person not an Affiliate of the Borrower or such Subsidiary and
which are disclosed in writing to Agent; 

  
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 (c) loans or advances to employees of Credit Parties for travel,
entertainment and relocation expenses and other ordinary business purposes in the Ordinary Course of Business not to exceed $150,000 in the aggregate outstanding at any time. 
 All such transactions existing as of the Amendment and Restatement Date are described in Schedule 5.6. 
 5.7 Management Fees and Compensation. No Credit Party shall, and no Credit Party shall permit any of its Subsidiaries to, pay any fees (including, without limitation, any management, consulting,
licensing or similar fees or amounts under the management agreement between the Borrower and Solo Cup Operating Corporation dated May 15, 2005, as it may be amended, supplemented or replaced from time to time) to any Affiliate of any Credit
Party or to any officer, director or employee of any Credit Party or any Affiliate of any Credit Party except: 

(a) payment of reasonable compensation to officers and employees for actual services rendered to the Credit Parties and
their Subsidiaries in the Ordinary Course of Business; 
 (b) in addition to clause (a), aggregate payments no
greater than US$700,000 in any Fiscal Year. 
 5.8 Contingent Obligations. No Credit Party shall, and no Credit Party
shall suffer or permit any of its Subsidiaries to, create, incur, assume or suffer to exist any Contingent Obligations except in respect of the Obligations and except: 

(a) endorsements for collection or deposit in the Ordinary Course of Business; 

(b) Rate Contracts entered into in the Ordinary Course of Business for bona fide hedging purposes and not for speculation
with Agent’s prior written consent or pursuant to Section 4.16; 
 (c) Contingent Obligations of
the Credit Parties and their Subsidiaries existing as of the Amendment and Restatement Date and listed in Schedule 5.8, including extension and renewals thereof which do not increase the amount of such Contingent Obligations or impose
materially more restrictive or adverse terms on the Credit Parties or their Subsidiaries as compared to the terms of the Contingent Obligation being renewed or extended; 

(d) Contingent Obligations arising under indemnity agreements to title insurers to cause such title insurers to issue to
Agent title insurance policies; 
 (e) Contingent Obligations arising with respect to customary indemnification
obligations in favour of (i) sellers in connection with Acquisitions permitted hereunder and (ii) purchasers in connection with dispositions permitted under subsection 5.2(b); 

(f) Contingent Obligations arising under Letters of Credit; 

  
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 (g) Contingent Obligations arising under guarantees made in the Ordinary
Course of Business of obligations of any Credit Party, which obligations are otherwise permitted hereunder; provided that if such obligation is subordinated to the Obligations, such guarantee shall be subordinated to the same extent; and 

(h) other Contingent Obligations not exceeding $100,000 in the aggregate at any time outstanding. 

5.9 Compliance with Pension and Benefit Plans 

(a) No Credit Party shall permit its unfunded pension fund and other employee benefit plan obligation and liabilities to
remain unfunded other than in accordance with applicable law. 
 5.10 Restricted Payments. No Credit Party shall, and no
Credit Party shall suffer or permit any of its Subsidiaries to, (i) declare or make any dividend payment or other distribution of assets, properties, cash, rights, obligations or securities on account of any Stock or Stock Equivalent,
(ii) purchase, redeem or otherwise acquire for value any Stock or Stock Equivalent now or hereafter outstanding or (iii) make any payment or prepayment of principal of, premium, if any, interest, fees, redemption, exchange, purchase,
retirement, defeasance, sinking fund or similar payment with respect to, Subordinated Indebtedness (the items described in clauses (i), (ii) and (iii) above are referred to as “Restricted Payments”); except
that any Wholly-Owned Subsidiary of the Borrower may declare and pay dividends to the Borrower or any Wholly-Owned Subsidiary of the Borrower, and except that: 
 (a) the Borrower may make Restricted Payments to its Special Purpose Subsidiary in an aggregate amount of $25,000,000 during the period from the Amendment and Restatement Date until December 31,
2010; and 
 (b) in addition to the permitted Restricted Payments set out in paragraph (a), the Borrower may make
Restricted Payments in an aggregate amount of $15,000,000 during the period from the Amendment and Restatement Date until the Revolving Termination Date provided that it has $8,000,000 of Availability both prior to such Restricted Payment and after
giving effect to such Restricted Payment and provided all of the following conditions are satisfied: 
 (i) no
Default or Event of Default has occurred and is continuing or would arise as a result of such Restricted Payment; 
 (ii) after giving effect to such Restricted Payment, the Credit Parties are in compliance on a pro forma basis with the covenants set forth in Article VI, recomputed for the most recent Fiscal
Month for which financial statements have been delivered; 
 (iii) the aggregate Restricted Payments permitted
under paragraph (b) during the term of this Agreement shall not exceed $15,000,000; and 

  
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 (iv) after giving effect to such Restricted Payment, Availability is not
less than $8,000,000; 
 5.11 Change in Business. No Credit Party shall, and no Credit Party shall permit any of its
Subsidiaries to, engage in any line of business substantially different from those lines of business carried on by it on the date hereof. 
 5.12 Change in Structure. Except as expressly permitted under Section 5.3, no Credit Party shall, and no Credit Party shall permit any of its Subsidiaries to, make any material changes
in its equity capital structure, issue any Stock or Stock Equivalents or amend any of its Organization Documents in any material respect and, in each case, in any respect adverse to Agent or Lenders. No Credit Party shall amend its
Organizational Documents to add provisions which require only director consent (and not shareholder consent) only to the transfer of such Credit Party’s Stock. 
 5.13 Changes in Accounting, Name or Jurisdiction of Organization. No Credit Party shall, and no Credit Party shall suffer or permit any of its Subsidiaries to, (i) make any significant change
in accounting treatment or reporting practices, except as required by GAAP, (ii) change the Fiscal Year or method for determining Fiscal Quarters of any Credit Party or of any consolidated Subsidiary of any Credit Party, (iii) change its
name as it appears in official filings in its jurisdiction of organization, (iv) change its jurisdiction of organization, (v) change its chief place of business or chief executive office or warehouses or locations at which Collateral is
held or stored or the location of its records concerning the Collateral, in the case of clauses (iii), (iv) and (v), without at least twenty (20) days’ prior written notice to Agent and the acknowledgement of Agent that all actions
required by Agent, including those to continue the perfection of its Liens, have been completed. 
 5.14 [Intentionally Deleted]

 5.15 No Negative Pledges. 
 (a) No Credit Party shall, and no Credit Party shall permit any of its Subsidiaries to, directly or indirectly, create or otherwise cause or suffer to exist or become effective any consensual restriction
or encumbrance of any kind on the ability of any Credit Party or Subsidiary to pay dividends or make any other distribution on any of such Credit Party’s or Subsidiary’s Stock or Stock Equivalents or to pay fees, including management fees,
or make other payments and distributions to the Borrower or any other Credit Party. No Credit Party shall, and no Credit Party shall permit any of its Subsidiaries to, directly or indirectly, enter into, assume or become subject to any Contractual
Obligation prohibiting or otherwise restricting the existence of any Lien upon any of its assets in favour of Agent, whether now owned or hereafter acquired except in connection with any document or instrument governing Liens permitted pursuant to
subsections 5.1(h) and 5.1(i) provided that any such restriction contained therein relates only to the asset or assets subject to such permitted Liens. 

  
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 (b) No Credit Party (other than the Borrower) shall issue any Stock or Stock
Equivalents (i) if such issuance would result in an Event of Default under subsection 7.1(k) and (ii) unless such Stock and Stock Equivalents are pledged to Agent, for the benefit of the Secured Parties, as security for the
Obligations 
 5.16 Counter-Terrorism Regulations Anti-Money Laundering. No Credit Party shall, and no Credit Party shall
permit any of its Subsidiaries to fail to comply with the laws, regulations and executive orders referred to in Section 3.30. 
 5.17 Sale-Leasebacks. No Credit Party shall, and no Credit Party shall permit any of its Subsidiaries to, engage in a sale leaseback, synthetic lease or similar transaction involving any of its
assets, except as permitted pursuant to Section 5.2(a)(iii). 
 5.18 Hazardous Materials. No Credit Party shall, and
no Credit Party shall permit any of its Subsidiaries to, cause or suffer to exist any Release of any Hazardous Material at, to or from any Real Estate that would violate any Environmental Law, form the basis for any Environmental Liabilities or
otherwise adversely affect the value or marketability of any Real Estate (whether or not owned by any Credit Party or any Subsidiary of any Credit Party). 
 5.19 Prepayments of Other Indebtedness. No Credit Party shall, directly or indirectly, voluntarily purchase, redeem, defease or prepay any principal of, premium, if any, interest or other amount
payable in respect of any Indebtedness prior to its scheduled maturity, other than (a) the Obligations, (b) Indebtedness secured by a Permitted Lien if the asset securing such Indebtedness has been sold or otherwise disposed of in a
transaction permitted hereunder, (c) a Permitted Refinancing of Indebtedness permitted under subsection 5.5(c) or (d), and (d) prepayment of intercompany Indebtedness to Credit Parties. 

ARTICLE VI 

FINANCIAL COVENANTS 
 Each Credit Party covenants and agrees that, so long as any Lender shall have any Commitment hereunder, or any Loan or other Obligation (other than contingent indemnification Obligations to the extent no
claim giving rise thereto has been asserted) shall remain unpaid or unsatisfied: 
 6.1 Availability Block. The Borrower
shall maintain Availability at a minimum amount of $1,000,000; and 
 6.2 Fixed Charge Coverage Ratio. At any time that
Availability is less than 25% of the Borrowing Base (as set forth in the most recently delivered Borrowing Base Certificate) or less than $2,500,000, the Credit Parties shall not permit the Fixed Charge Coverage Ratio for the twelve Fiscal Month
period ending at the end of any Fiscal Month to be less than 1.25:1.00. 
 “Fixed Charge Coverage Ratio” shall be calculated in the
manner set forth in Exhibit 4.2(b). 

  
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 ARTICLE VII 
 EVENTS OF DEFAULT 
 7.1 Events of Default. Any of the following
shall constitute an “Event of Default”: 
 (a) Non-Payment. Any Credit Party fails (i) to
pay when and as required to be paid herein, any amount of principal of, or interest on, any Loan, including after maturity of the Loans, or to pay any L/C Reimbursement Obligation or (ii) to pay within three (3) Business Days after the
same shall become due, any fee or any other amount payable hereunder or pursuant to any other Loan Document; 

(b) Representation or Warranty. (i) Any representation, warranty or certification by or on behalf of any
Credit Party or any of its Subsidiaries made or deemed made herein, in any other Loan Document, or which is contained in any certificate, document or financial or other statement by any such Person, or their respective Responsible Officers,
furnished at any time under this Agreement, or in or under any other Loan Document, shall prove to have been incorrect in any material respect (without duplication of other materiality qualifiers contained therein) on or as of the date made or
deemed made or (ii) any information contained in any Borrowing Base Certificate is untrue or incorrect in any respect (other than (A) inadvertent, immaterial errors not exceeding $200,000 in the aggregate in any Borrowing Base Certificate,
(B) errors understating the Borrowing Base and (C) errors occurring when Availability continues to exceed $100,000 after giving effect to the correction of such errors); 

(c) Specific Defaults. Any Credit Party fails to perform or observe any term, covenant or agreement contained
(i) in any of subsection 4.3(a) or 9.10(d), Section 4.6, 4.10 or 4.11 or Article V or VI or (ii) in any of Section 4.1 or 4.9, or subsection 4.2(a),
4.2(b), or 4.2(d) and such default in this clause (ii) shall continue unremedied for a period of five (5) days after the earlier to occur of (A) the date upon which a Responsible Officer of any Credit Party becomes aware
of such default and (B) the date upon which written notice thereof is given to the Borrower by Agent or Required Lenders; 
 (d) Other Defaults. Any Credit Party or Subsidiary of any Credit Party fails to perform or observe any other term, covenant or agreement contained in this Agreement or any other Loan Document, and
such default shall continue unremedied for a period of thirty (30) days after the earlier to occur of (i) the date upon which a Responsible Officer of any Credit Party becomes aware of such default and (ii) the date upon which written
notice thereof is given to the Borrower by Agent or Required Lenders; 
 (e) Cross-Default;
Cross-Acceleration. Any Credit Party or any Subsidiary of any Credit Party (i) fails to make any payment in respect of any Indebtedness (other than the Obligations) or Contingent Obligation (other than the Obligations) having an aggregate
principal amount (including undrawn committed or available amounts and including amounts owing to all creditors under any combined or syndicated credit arrangement) of more than $250,000 when due (whether by scheduled maturity, required prepayment,
acceleration, demand, or otherwise) and such failure continues after the applicable grace or notice period, if any, specified in the document relating thereto on the date of such failure; or (ii) fails to perform or observe any other condition
or covenant, or any other event shall occur or condition exist, under any agreement or instrument relating to any such Indebtedness or Contingent Obligation (other than Contingent Obligations owing by one Credit Party with respect to the obligations
of another Credit Party permitted hereunder or earnouts permitted hereunder), if the effect of such failure, event or condition is to cause, or to permit the holder or holders of such Indebtedness or beneficiary or beneficiaries of such Indebtedness
(or a trustee or agent on behalf of such holder or holders or beneficiary or beneficiaries) to cause such Indebtedness to be declared to be due and payable prior to its stated maturity (without regard to any subordination terms with respect
thereto), or such Contingent Obligation to become payable or cash collateral in respect thereof to be demanded; 

  
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 (f) Insolvency; Voluntary Proceedings. The Borrower, individually,
ceases or fails, or the Credit Parties and their Subsidiaries on a consolidated basis, cease or fail, to be Solvent, or any Credit Party or any Subsidiary of any Credit Party: (i) generally fails to pay, or admits in writing its inability to
pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with
respect to itself; or (iv) takes any action to effectuate or authorize any of the foregoing; 
 (g)
Involuntary Proceedings. (i) Any involuntary Insolvency Proceeding is commenced or filed against any Credit Party or any Subsidiary of any Credit Party, or any writ, judgment, warrant of attachment, execution or similar process, is
issued or levied against any such Person’s Properties with a value in excess of $500,000 individually or in the aggregate and any such proceeding or petition shall not be dismissed, or such writ, judgment, warrant of attachment, execution or
similar process shall not be released, vacated or fully bonded within sixty (60) days after commencement, filing or levy; (ii) any Credit Party or Subsidiary of any Credit Party admits the material allegations of a petition against it in
any Insolvency Proceeding, or an order for relief (or similar order under non-Canadian law) is ordered in any Insolvency Proceeding; or (iii) any Credit Party or any Subsidiary of any Credit Party acquiesces in the appointment of a receiver,
receiver and manager, trustee, custodian, conservator, liquidator, sequestrator, mortgagee in possession (or agent therefor), or other similar Person for itself or a substantial portion of its Property or business; 

(h) Monetary Judgments. One or more judgments, non-interlocutory orders, decrees or arbitration awards shall be
entered against any one or more of the Credit Parties or any of their respective Subsidiaries involving in the aggregate a liability of $500,000 or more (excluding amounts covered by insurance to the extent the relevant independent third party
insurer has not denied coverage therefor), and the same shall remain unsatisfied, unvacated and unstayed pending appeal for a period of thirty (30) days after the entry thereof; 

(i) Non-Monetary Judgments. One or more non-monetary judgments, orders or decrees shall be rendered against any one
or more of the Credit Parties or any of their respective Subsidiaries which has or would reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect, and there shall be any period of ten (10) consecutive
days during which a stay of enforcement of such judgment or order, by reason of a pending appeal or otherwise, shall not be in effect; 
 (j) Collateral. Any material provision of any Loan Document shall for any reason cease to be valid and binding on or enforceable against any Credit Party or any Subsidiary of any Credit Party party
thereto or any Credit Party or any Subsidiary of any Credit Party shall so state in writing or bring an action to limit its obligations or liabilities thereunder; or any Collateral Document shall for any reason (other than pursuant to the terms
thereof) cease to create a valid security interest in the Collateral purported to be covered thereby or such security interest shall for any reason (other than the failure of Agent to take any action within its control) cease to be a perfected and
first priority security interest subject only to Permitted Liens; 

  
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 (k) Ownership. (i) Vestar Capital Partners at any time fails to
own beneficially, directly or indirectly, at least fifty-one percent (51%) of the issued and outstanding voting Stock of SCIC or, in any event, Stock representing voting control of SCIC; or (ii) SCIC ceases to own one hundred percent
(100%) of the issued and outstanding Stock and Stock Equivalents of the Borrower, in each instance in clauses (i) and (ii), free and clear of all Liens, rights, options, warrants or other similar agreements or understandings,
other than Liens in favour of Agent; or 
 (l) Damage; Casualty. Any event occurs, whether or not
insured or insurable, as a result of which revenue-producing activities cease or are substantially curtailed at facilities of the Credit Parties generating more than 30% of the Borrower’s consolidated revenues for the Fiscal Year preceding such
event and such cessation or curtailment continues for more than thirty (30) days. 
 7.2 Remedies. Upon the
occurrence and during the continuance of any Event of Default, Agent may, and shall at the request of the Required Lenders: 
 (a) declare all or any portion of the Commitment of each Lender to make Loans or of the L/C Issuer to issue Letters of Credit to be suspended or terminated, whereupon such Commitments shall forthwith be
suspended or terminated; 
 (b) declare all or any portion of the unpaid principal amount of all outstanding
Loans, all interest accrued and unpaid thereon, and all other amounts owing or payable hereunder or under any other Loan Document to be immediately due and payable; without presentment, demand, protest or other notice of any kind, all of which are
hereby expressly waived by each Credit Party; and/or 
 (c) exercise on behalf of itself and the Lenders all
rights and remedies available to it and the Lenders under the Loan Documents or applicable law; 
 provided, however, that upon the occurrence
of any event specified in subsection 7.1(f) or 7.1(g) above (in the case of clause (i) of subsection 7.1(g) upon the expiration of the sixty (60) day period mentioned therein), the obligation of each Lender to
make Loans and the obligation of the L/C Issuer to issue Letters of Credit shall automatically terminate and the unpaid principal amount of all outstanding Loans and all interest and other amounts as aforesaid shall automatically become due and
payable without further act of Agent, any Lender or the L/C Issuer. 
 7.3 Rights Not Exclusive. The rights provided for
in this Agreement and the other Loan Documents are cumulative and are not exclusive of any other rights, powers, privileges or remedies provided by law or in equity, or under any other instrument, document or agreement now existing or hereafter
arising. 

  
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 7.4 Cash Collateral for Letters of Credit. If an Event of Default has occurred and is
continuing, this Agreement (or the Revolving Loan Commitment) shall be terminated for any reason or if otherwise required by the terms hereof, Agent may, and upon request of Required Lenders, shall, demand (which demand shall be deemed to have been
delivered automatically upon any acceleration of the Loans and other obligations hereunder pursuant to Section 7.2), and the Borrower shall thereupon deliver to Agent, to be held for the benefit of the L/C Issuer, Agent and the Lenders
entitled thereto, an amount of cash equal to 105% of the amount of L/C Reimbursement Obligations as additional collateral security for Obligations. Agent may at any time apply any or all of such cash and cash collateral to the payment of any or all
of the Credit Parties’ Obligations. The remaining balance of the cash collateral will be returned to the Borrower when all Letters of Credit have been terminated or discharged, all Commitments have been terminated and all Obligations have been
paid in full in cash. 
 ARTICLE VIII 
 THE AGENT 
 8.1 Appointment and Duties. 

(a) Appointment of Agent. Each Lender and each L/C Issuer hereby appoints GE Capital (together with any successor
Agent pursuant to Section 8.9) as Agent hereunder and authorizes Agent to (i) execute and deliver the Loan Documents and accept delivery thereof on its behalf from any Credit Party, (ii) take such action on its behalf and to
exercise all rights, powers and remedies and perform the duties as are expressly delegated to Agent under such Loan Documents and (iii) exercise such powers as are incidental thereto. 

(b) Duties as Collateral and Disbursing Agent. Without limiting the generality of clause (a) above,
Agent shall have the sole and exclusive right and authority (to the exclusion of the Lenders and L/C Issuers), and is hereby authorized, to (i) act as the disbursing and collecting agent for the Lenders and the L/C Issuers with respect to all
payments and collections arising in connection with the Loan Documents (including in any proceeding described in subsection 7.1(g) or any other bankruptcy, insolvency or similar proceeding), and each Person making any payment in connection
with any Loan Document to any Secured Party is hereby authorized to make such payment to Agent, (ii) file and prove claims and file other documents necessary or desirable to allow the claims of the Secured Parties with respect to any Obligation
in any proceeding described in subsection 7.1(f) or (g) or any other bankruptcy, insolvency or similar proceeding (but not to vote, consent or otherwise act on behalf of such Person), (iii) act as collateral agent for each Secured
Party for purposes of the perfection of all Liens created by such agreements and all other purposes stated therein, (iv) manage, supervise and otherwise deal with the Collateral, (v) take such other action as is necessary or desirable to
maintain the perfection and priority of the Liens created or purported to be created by the Loan Documents, (vi) except as may be otherwise specified in any Loan Document, exercise all remedies given to Agent and the other Secured Parties with
respect to the Collateral, whether under the Loan Documents, applicable Requirements of Law or otherwise and (vii) execute any amendment, consent or waiver under the Loan Documents on behalf of any Lender that has consented in writing to such
amendment, consent or waiver; provided, however, that Agent hereby appoints, authorizes and directs each Lender and L/C Issuer to act as collateral sub-agent for Agent, the Lenders and the L/C Issuers for purposes of the perfection of Liens with
respect to any deposit account maintained by a Credit Party with, and cash and Cash Equivalents held by, such Lender or L/C Issuer, and may further authorize and direct the Lenders and the L/C Issuers to take further actions as collateral sub-agents
for purposes of enforcing such Liens or otherwise to transfer the Collateral subject thereto to Agent, and each Lender and L/C Issuer hereby agrees to take such further actions to the extent, and only to the extent, so authorized and directed.

  
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 (c) Limited Duties. Under the Loan Documents, Agent (i) is
acting solely on behalf of the Secured Parties (except to the limited extent provided in subsection 1.4(b) with respect to the Register), with duties that are entirely administrative in nature, notwithstanding the use of the defined term
“Agent”, the terms “agent”, “Agent” and “collateral agent” and similar terms in any Loan Document to refer to Agent, which terms are used for title purposes only, (ii) is not assuming any obligation under
any Loan Document other than as expressly set forth therein or any role as agent, fiduciary or trustee of or for any Lender, L/C Issuer or any other Person and (iii) shall have no implied functions, responsibilities, duties, obligations or
other liabilities under any Loan Document, and each Secured Party, by accepting the benefits of the Loan Documents, hereby waives and agrees not to assert any claim against Agent based on the roles, duties and legal relationships expressly
disclaimed in clauses (i) through (iii) above. 
 8.2 Binding Effect. Each Secured Party, by
accepting the benefits of the Loan Documents, agrees that (i) any action taken by Agent or the Required Lenders (or, if expressly required hereby, a greater proportion of the Lenders) in accordance with the provisions of the Loan Documents,
(ii) any action taken by Agent in reliance upon the instructions of Required Lenders (or, where so required, such greater proportion) and (iii) the exercise by Agent or the Required Lenders (or, where so required, such greater proportion)
of the powers set forth herein or therein, together with such other powers as are incidental thereto, shall be authorized and binding upon all of the Secured Parties. 
 8.3 Use of Discretion. 
 (a) Agent shall not have any duty
to take any discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly contemplated hereby or by the other Loan Documents that Agent is required to exercise as directed in writing by the Required
Lenders (or such other number or percentage of the Lenders as shall be expressly provided for herein or in the other Loan Documents); provided, that Agent shall not be required to take any action that, in its opinion or the opinion of its counsel,
may expose Agent to liability or that is contrary to any Loan Document or applicable Requirement of Law; and 

(b) Agent shall not, except as expressly set forth herein and in the other Loan Documents, have any duty to disclose, and
shall not be liable for the failure to disclose, any information relating to any Credit Party or its Affiliates that is communicated to or obtained by Agent or any of its Affiliates in any capacity. 

  
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 (c) Notwithstanding anything to the contrary contained herein or in any
other Loan Document, the authority to enforce rights and remedies hereunder and under the other Loan Documents against the Credit Parties or any of them shall be vested exclusively in, and all actions and proceedings at law in connection with such
enforcement shall be instituted and maintained exclusively by, the Agent in accordance with the Loan Documents for the benefit of all the Lenders and the L/C Issuer; provided that the foregoing shall not prohibit (i) the Agent from exercising
on its own behalf the rights and remedies that inure to its benefit (solely in its capacity as Agent) hereunder and under the other Loan Documents, (ii) the L/C Issuer from exercising the rights and remedies that inure to its benefit (solely in
its capacity as L/C Issuer) hereunder and under the other Loan Documents, (iii) any Lender from exercising setoff rights in accordance with Section 9.11 or (iv) any Lender from filing proofs of claim or appearing and filing
pleadings on its own behalf during the pendency of a proceeding relative to any Credit Party under any bankruptcy or other debtor relief law; and provided further that if at any time there is no Person acting as Agent hereunder and under the other
Loan Documents, then (A) the Required Lenders shall have the rights otherwise ascribed to the Agent pursuant to Section 7.2 and (B) in addition to the matters set forth in clauses (ii), (iii) and
(iv) of the preceding proviso and subject to Section 9.11, any Lender may, with the consent of the Required Lenders, enforce any rights and remedies available to it and as authorized by the Required Lenders. 

8.4 Delegation of Rights and Duties. Agent may, upon any term or condition it specifies, delegate or exercise any of its rights,
powers and remedies under, and delegate or perform any of its duties or any other action with respect to, any Loan Document by or through any trustee, co-agent, employee, attorney-in-fact and any other Person (including any Secured Party). Any such
Person shall benefit from this Article VIII to the extent provided by Agent. 
 8.5 Reliance and Liability.

 (a) Agent may, without incurring any liability hereunder, (i) treat the payee of any Note as its holder
until such Note has been assigned in accordance with Section 9.9, (ii) rely on the Register to the extent set forth in Section 1.4, (iii) consult with any of its Related Persons and, whether or not selected by it,
any other advisors, accountants and other experts (including advisors to, and accountants and experts engaged by, any Credit Party) and (iv) rely and act upon any document and information (including those transmitted by Electronic Transmission)
and any telephone message or conversation, in each case believed by it to be genuine and transmitted, signed or otherwise authenticated by the appropriate parties. 

(b) None of Agent and its Related Persons shall be liable for any action taken or omitted to be taken by any of them under
or in connection with any Loan Document, and each Secured Party, the Borrower and each other Credit Party hereby waive and shall not assert (and the Borrower shall cause each other Credit Party to waive and agree not to assert) any right, claim or
cause of action based thereon, except to the extent of liabilities resulting primarily from the gross negligence or willful misconduct of Agent or, as the case may be, such Related Person (each as determined in a final, non-appealable judgment by a
court of competent jurisdiction) in connection with the duties expressly set forth herein. Without limiting the foregoing, Agent: 
 (i) shall not be responsible or otherwise incur liability for any action or omission taken in reliance upon the instructions of the Required Lenders or for the actions or omissions of any of its Related
Persons selected with reasonable care (other than employees, officers and directors of Agent, when acting on behalf of Agent); 

  
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 (ii) shall not be responsible to any Lender, L/C Issuer or other Person for
the due execution, legality, validity, enforceability, effectiveness, genuineness, sufficiency or value of, or the attachment, perfection or priority of any Lien created or purported to be created under or in connection with, any Loan Document;

 (iii) makes no warranty or representation, and shall not be responsible, to any Lender, L/C Issuer or other
Person for any statement, document, information, representation or warranty made or furnished by or on behalf of any Credit Party or any Related Person of any Credit Party in connection with any Loan Document or any transaction contemplated therein
or any other document or information with respect to any Credit Party, whether or not transmitted or (except for documents expressly required under any Loan Document to be transmitted to the Lenders) omitted to be transmitted by Agent, including as
to completeness, accuracy, scope or adequacy thereof, or for the scope, nature or results of any due diligence performed by Agent in connection with the Loan Documents; and 

(iv) shall not have any duty to ascertain or to inquire as to the performance or observance of any provision of any Loan
Document, whether any condition set forth in any Loan Document is satisfied or waived, as to the financial condition of any Credit Party or as to the existence or continuation or possible occurrence or continuation of any Default or Event of Default
and shall not be deemed to have notice or knowledge of such occurrence or continuation unless it has received a notice from the Borrower, any Lender or L/C Issuer describing such Default or Event of Default clearly labeled “notice of
default” (in which case Agent shall promptly give notice of such receipt to all Lenders); 
 and, for each of the items set forth in
clauses (i) through (iv) above, each Lender, L/C Issuer, and the Borrower hereby waives and agrees not to assert (and the Borrower shall cause each other Credit Party to waive and agree not to assert) any right, claim or
cause of action it might have against Agent based thereon. 
 (c) Each Lender and L/C Issuer
(i) acknowledges that it has performed and will continue to perform its own diligence and has made and will continue to make its own independent investigation of the operations, financial conditions and affairs of the Credit Parties and
(ii) agrees that is shall not rely on any audit or other report provided by Agent or its Related Persons (an “Agent Report”). Each Lender and L/C Issuer further acknowledges that any Agent Report (i) is provided to the Lenders
and L/C Issuers solely as a courtesy, without consideration, and based upon the understanding that such Lender or L/C Issuer will not rely on such Agent Report, (ii) was prepared by Agent or its Related Persons based upon information provided
by the Credit Parties solely for Agent’s own internal use, (iii) may not be complete and may not reflect all information and findings obtained by Agent or its Related Persons regarding the operations and condition of the Credit Parties.
Neither Agent nor any of its Related Persons makes any representations or warranties of any kind with respect to (i) any existing or proposed financing, (ii) the accuracy or completeness of the information contained in any Agent Report or
in any related documentation, (iii) the scope or adequacy of Agent’s and its Related Persons’ due diligence, or the presence or absence of any errors or omissions contained in any Agent Report or in any related documentation, and
(iv) any work performed by Agent or Agent’s Related Persons in connection with or using any Agent Report or any related documentation. 

  
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 (d) Neither Agent nor any of its Related Persons shall have any duties or
obligations in connection with or as a result of any Lender or L/C Issuer receiving a copy of any Agent Report. Without limiting the generality of the forgoing, neither Agent nor any of its Related Persons shall have any responsibility for the
accuracy or completeness of any Agent Report, or the appropriateness of any Agent Report for any Lender’s or L/C Issuer’s purposes, and shall have no duty or responsibility to correct or update any Agent Report or disclose to any Lender or
L/C Issuer any other information not embodied in any Agent Report, including any supplemental information obtained after the date of any Agent Report. Each Lender and L/C Issuer releases, and agrees that it will not assert, any claim against Agent
or its Related Persons that in any way relates to any Agent Report or arises out of any Lender or L/C Issuer having access to any Agent Report or any discussion of its contents, and agrees to indemnify and hold harmless Agent and its Related Persons
from all claims, liabilities and expenses relating to a breach by any Lender or L/C Issuer arising out of such Lender’s or L/C Issuer’s access to any Agent Report or any discussion of its contents. 

8.6 Agent Individually. Agent and its Affiliates may make loans and other extensions of credit to, acquire Stock and Stock
Equivalents of, engage in any kind of business with, any Credit Party or Affiliate thereof as though it were not acting as Agent and may receive separate fees and other payments therefor. To the extent Agent or any of its Affiliates makes any Loan
or otherwise becomes a Lender hereunder, it shall have and may exercise the same rights and powers hereunder and shall be subject to the same obligations and liabilities as any other Lender and the terms “Lender”, “Revolving
Lender”, “Required Lender”, “Required Lender” and any similar terms shall, except where otherwise expressly provided in any Loan Document, include, without limitation, Agent or such Affiliate, as the case may be, in its
individual capacity as Lender, Revolving Lender or as one of the Required Lenders or Required Lenders, respectively. 
 8.7
Lender Credit Decision. 
 (a) Each Lender and each L/C Issuer acknowledges that it shall, independently
and without reliance upon Agent, any Lender or L/C Issuer or any of their Related Persons or upon any document (including any offering and disclosure materials in connection with the syndication of the Loans) solely or in part because such document
was transmitted by Agent or any of its Related Persons, conduct its own independent investigation of the financial condition and affairs of each Credit Party and make and continue to make its own credit decisions in connection with entering into,
and taking or not taking any action under, any Loan Document or with respect to any transaction contemplated in any Loan Document, in each case based on such documents and information as it shall deem appropriate. Except for documents expressly
required by any Loan Document to be transmitted by Agent to the Lenders or L/C Issuers, Agent shall not have any duty or responsibility to provide any Lender or L/C Issuer with any credit or other information concerning the business, prospects,
operations, property, financial and other condition or creditworthiness of any Credit Party or any Affiliate of any Credit Party that may come in to the possession of Agent or any of its Related Persons. 

  
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 (b) If any Lender or L/C Issuer has elected to abstain from receiving MNPI
concerning the Credit Parties or their Affiliates, such Lender or L/C Issuer acknowledges that, notwithstanding such election, Agent and/or the Credit Parties will, from time to time, make available syndicate-information (which may contain MNPI) as
required by the terms of, or in the course of administering the Loans to the credit contact(s) identified for receipt of such information on the Lender’s administrative questionnaire who are able to receive and use all syndicate-level
information (which may contain MNPI) in accordance with such Lender’s compliance policies and contractual obligations and applicable law, including federal, provincial and territorial securities laws; provided, that if such contact is not so
identified in such questionnaire, the relevant Lender or L/C Issuer hereby agrees to promptly (and in any event within one (1) Business Day) provide such a contact to Agent and the Credit Parties upon request therefor by Agent or the Credit
Parties. Notwithstanding such Lender’s or L/C Issuer’s election to abstain from receiving MNPI, such Lender or L/C Issuer acknowledges that if such Lender or L/C Issuer chooses to communicate with Agent, it assumes the risk of receiving
MNPI concerning the Credit Parties or their Affiliates. 
 8.8 Expenses; Indemnities; Withholding. 

(a) Each Lender agrees to reimburse Agent and each of its Related Persons (to the extent not reimbursed by any Credit
Party) promptly upon demand, severally and ratably, for any costs and expenses (including fees, charges and disbursements of financial, legal and other advisors and Other Taxes paid in the name of, or on behalf of, any Credit Party) that may be
incurred by Agent or any of its Related Persons in connection with the preparation, syndication, execution, delivery, administration, modification, consent, waiver or enforcement (whether through negotiations, through any work-out, bankruptcy,
restructuring or other legal or other proceeding or otherwise) of, or legal advice in respect of its rights or responsibilities under, any Loan Document. 
 (b) Each Lender further agrees to indemnify Agent and each of its Related Persons (to the extent not reimbursed by any Credit Party), severally and ratably, from and against Liabilities (including, to the
extent not indemnified pursuant to Section 8.8(c), taxes, interests and penalties imposed for not properly withholding or backup withholding on payments made to or for the account of any Lender) that may be imposed on, incurred by or
asserted against Agent or any of its Related Persons in any matter relating to or arising out of, in connection with or as a result of any Loan Document, any Related Document or any other act, event or transaction related, contemplated in or
attendant to any such document, or, in each case, any action taken or omitted to be taken by Agent or any of its Related Persons under or with respect to any of the foregoing; provided, however, that no Lender shall be liable to Agent or any of its
Related Persons to the extent such liability has resulted primarily from the gross negligence or willful misconduct of Agent or, as the case may be, such Related Person, as determined by a court of competent jurisdiction in a final non-appealable
judgment or order. 

  
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 (c) To the extent required by any applicable law, Agent may withhold from
any payment to any Lender under a Loan Document an amount equal to any applicable withholding tax. If the CRA or any other Governmental Authority asserts a claim that Agent did not properly withhold tax from amounts paid to or for the account of any
Lender (because the appropriate certification form was not delivered, was not properly executed, or fails to establish an exemption from, or reduction of, withholding tax with respect to a particular type of payment, or because such Lender failed to
notify Agent or any other Person of a change in circumstances which rendered the exemption from, or reduction of, withholding tax ineffective, or for any other reason), or Agent reasonably determines that it was required to withhold taxes from a
prior payment but failed to do so, such Lender shall promptly indemnify Agent fully for all amounts paid, directly or indirectly, by such Agent as tax or otherwise, including penalties and interest, and together with all expenses incurred by Agent,
including legal expenses, allocated internal costs and out-of-pocket expenses. Agent may offset against any payment to any Lender under a Loan Document, any applicable withholding tax that was required to be withheld from any prior payment to such
Lender but which was not so withheld, as well as any other amounts for which Agent is entitled to indemnification from such Lender under this Section 8.8(c). 
 8.9 Resignation of Agent or L/C Issuer. 
 (a) Agent may
resign at any time by delivering notice of such resignation to the Lenders and the Borrower, effective on the date set forth in such notice or, if no such date is set forth therein, upon the date such notice shall be effective in accordance with the
terms of this Section 8.9. If Agent delivers any such notice, the Required Lenders shall have the right to appoint a successor Agent. If, within 30 days after the retiring Agent having given notice of resignation, no successor Agent has
been appointed by the Required Lenders that has accepted such appointment, then the retiring Agent may, on behalf of the Lenders, appoint a successor Agent from among the Lenders. Each appointment under this clause (a) shall be subject
to the prior consent of the Borrower, which may not be unreasonably withheld but shall not be required during the continuance of an Event of Default. 
 (b) Effective immediately upon its resignation, (i) the retiring Agent shall be discharged from its duties and obligations under the Loan Documents, (ii) the Lenders shall assume and perform all
of the duties of Agent until a successor Agent shall have accepted a valid appointment hereunder, (iii) the retiring Agent and its Related Persons shall no longer have the benefit of any provision of any Loan Document other than with respect to
any actions taken or omitted to be taken while such retiring Agent was, or because such Agent had been, validly acting as Agent under the Loan Documents and (iv) subject to its rights under Section 8.3, the retiring Agent shall take
such action as may be reasonably necessary to assign to the successor Agent its rights as Agent under the Loan Documents. Effective immediately upon its acceptance of a valid appointment as Agent, a successor Agent shall succeed to, and become
vested with, all the rights, powers, privileges and duties of the retiring Agent under the Loan Documents. 
 (c)
Any L/C Issuer may refuse to issue a Letter of Credit in its sole discretion. 

  
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 8.10 Release of Collateral or Guarantors. Each Lender and L/C Issuer hereby consents
to the release and hereby directs Agent to release (or, in the case of clause (b)(ii) below, release or subordinate) the following: 
 (a) any Subsidiary of the Borrower from its guarantee of any Obligation if all of the Stock and Stock Equivalents of such Subsidiary owned by any Credit Party are sold or transferred in a transaction
permitted under the Loan Documents (including pursuant to a waiver or consent); and 
 (b) any Lien held by Agent
for the benefit of the Secured Parties against (i) any Collateral that is sold, transferred, conveyed or otherwise disposed of by a Credit Party in a transaction permitted by the Loan Documents (including pursuant to a waiver or consent),
(ii) any property subject to a Lien permitted hereunder in reliance upon subsection 5.1(h) or 5.1(i) and (iii) all of the Collateral and all Credit Parties, upon (A) termination of the Revolving Loan Commitments,
(B) payment and satisfaction in full of all Loans, all L/C Reimbursement Obligations and all other Obligations under the Loan Documents that Agent has theretofore been notified in writing by the holder of such Obligation are then due and
payable, (C) deposit of cash collateral with respect to all contingent Obligations (or, as an alternative to cash collateral in the case of any Letter of Credit Obligation, receipt by Agent of a back-up letter of credit), in amounts and on
terms and conditions and with parties satisfactory to Agent and each Indemnitee that is, or may be, owed such Obligations (excluding contingent Obligations (other than L/C Reimbursement Obligations) as to which no claim has been asserted) and
(D) to the extent requested by Agent, receipt by Agent and the Secured Parties of liability releases from the Credit Parties each in form and substance acceptable to Agent. 
 Each Lender and L/C Issuer hereby directs Agent, and Agent hereby agrees, upon receipt of at least five (5) Business Days’ advance notice from the Borrower, to execute and deliver or file such
documents and to perform other actions reasonably necessary to release the guarantees and Liens when and as directed in this Section 8.10. 
 8.11 Additional Secured Parties. The benefit of the provisions of the Loan Documents directly relating to the Collateral or any Lien granted thereunder shall extend to and be available to any
Secured Party that is not a Lender or L/C Issuer party hereto as long as, by accepting such benefits, such Secured Party agrees, as among Agent and all other Secured Parties, that such Secured Party is bound by (and, if requested by Agent, shall
confirm such agreement in a writing in form and substance acceptable to Agent) this Article VIII and Sections 9.3, 9.9, 9.10, 9.11, 9.17, 9.24 and 10.1 (and, solely with respect to L/C Issuers,
subsection 1.1(b)) and the decisions and actions of Agent and the Required Lenders (or, where expressly required by the terms of this Agreement, a greater proportion of the Lenders or other parties hereto as required herein) to the same
extent a Lender is bound; provided, however, that, notwithstanding the foregoing, (a) such Secured Party shall be bound by Section 8.8 only to the extent of Liabilities, costs and expenses with respect to or otherwise relating to
the Collateral held for the benefit of such Secured Party, in which case the obligations of such Secured Party thereunder shall not be limited by any concept of pro rata share or similar concept, (b) each of Agent, the Lenders and the L/C
Issuers party hereto shall be entitled to act at its sole discretion, without regard to the interest of such Secured Party, regardless of whether any Obligation to such Secured Party thereafter remains outstanding, is deprived of the benefit of the
Collateral, becomes unsecured or is otherwise affected or put in jeopardy thereby, and without any duty or liability to such Secured Party or any such Obligation and (c) except as otherwise set forth herein, such Secured Party shall not have
any right to be notified of, consent to, direct, require or be heard with respect to, any action taken or omitted in respect of the Collateral or under any Loan Document. 

  
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 ARTICLE IX 
 MISCELLANEOUS 
 9.1 Amendments and Waivers. 

(a) No amendment or waiver of any provision of this Agreement or any other Loan Document, and no consent with respect to
any departure by any Credit Party therefrom, shall be effective unless the same shall be in writing and signed by Agent, the Required Lenders (or by Agent with the consent of the Required Lenders), and the Borrower, and then such waiver shall be
effective only in the specific instance and for the specific purpose for which given; provided, however, that no such waiver, amendment, or consent shall, unless in writing and signed by all the Lenders directly affected thereby (or by Agent with
the consent of all the Lenders directly affected thereby), in addition to Agent and the Required Lenders (or by Agent with the consent of the Required Lenders) and the Borrower, do any of the following: 

(i) increase or extend the Commitment of any Lender (or reinstate any Commitment terminated pursuant to subsection
7.2(a)); 
 (ii) postpone or delay any date fixed for, or reduce or waive, any scheduled installment of
principal or any payment of interest, fees or other amounts (other than principal) due to the Lenders (or any of them) or L/C Issuer hereunder or under any other Loan Document (for the avoidance of doubt, mandatory prepayments pursuant to
Section 1.8) may be postponed, delayed, reduced, waived or modified with the consent of Required Lenders); 
 (iii) reduce the principal of, or the rate of interest specified herein or the amount of interest payable in cash specified herein on any Loan, or of any fees or other amounts payable hereunder or under
any other Loan Document, including L/C Reimbursement Obligations; 
 (iv) amend or modify subsection
1.10(c); 
 (v) change the percentage of the Commitments or of the aggregate unpaid principal amount of the
Loans which shall be required for the Lenders or any of them to take any action hereunder; 
 (vi) amend this
Section 9.1 or the definition of Required Lenders or any provision providing for consent or other action by all Lenders; or 
 (vii) discharge any Credit Party from its respective payment Obligations under the Loan Documents, or release all or substantially all of the Collateral, except as otherwise may be provided in this
Agreement or the other Loan Documents; 
 it being agreed that all Lenders shall be deemed to be directly affected by an amendment or waiver of
the type described in the preceding clauses (v), (vi) and (vii). 

  
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 (b) No amendment, waiver or consent shall, unless in writing and signed by
Agent and the L/C Issuer, in addition to the Required Lenders or all Lenders directly affected thereby, as the case may be (or by Agent with the consent of the Required Lenders or all the Lenders directly affected thereby, as the case may be),
affect the rights or duties of Agent or the L/C Issuer, as applicable, under this Agreement or any other Loan Document. 
 (c) No amendment or waiver shall, unless signed by Agent and Required Lenders (or by Agent with the consent of Required Lenders) in addition to the Required Lenders (or by Agent with the consent of the
Required Lenders): (i) amend or waive compliance with the conditions precedent to the obligations of Lenders to make any Revolving Loan (or of L/C Issuer to issue any Letter of Credit) in Section 2.2; (ii) amend or waive
non-compliance with any provision of subsection 1.1(a)(iii); (iii) waive any Default or Event of Default for the purpose of satisfying the conditions precedent to the obligations of Lenders to make any Revolving Loan (or of any L/C
Issuer to issue any Letter of Credit) in Section 2.2; (iv) amend or waive this subsection 9.1(c) or the definitions of the terms used in this subsection 9.1(c) insofar as the definitions affect the substance of this
subsection 9.1(c); (v) amend or modify the definitions of Eligible Accounts, Eligible Inventory or Borrowing Base, including any increase in the percentage advance rates in the definition of Borrowing Base, in a manner which would
increase the availability of credit under the Revolving Loan; or (vi) change the definition of the term Required Lenders or the percentage of Lenders which shall be required for Revolving Lenders to take any action hereunder. 

(d) Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent
rights under or with respect to any Loan Document or constitute a “Lender” or a “Revolving Lender” (or be, or have its Loans and Commitments, included in the determination of “Required Lenders”, “Required
Lenders” or “Lenders directly affected” pursuant to this Section 9.1) for any voting or consent rights under or with respect to any Loan Document, except that a Non-Funding Lender shall be treated as an “affected
Lender” for purposes of Section 9.1(a)(i) and 9.1(a)(iii) solely with respect to an increase in such Non-Funding Lender’s Commitments, a reduction of the principal amount owed to such Non-Funding Lender or, unless such
Non-Funding Lender is treated the same as the other Lenders holding Loans of the same type, a reduction in the interest rates applicable to the Loans held by such Non-Funding Lender. Moreover, for the purposes of determining Required Lenders and
Required Lenders, the Loans and Commitments held by Non-Funding Lenders shall be excluded from the total Loans and Commitments outstanding. 
 (e) Notwithstanding anything to the contrary contained in this Section 9.1, (x) Borrower may amend Schedules 3.19 and 3.21 upon notice to Agent, (y) Agent may amend
Schedule 1.1(b) to reflect Sales entered into pursuant to Section 9.9, and (z) Agent and Borrower may amend or modify this Agreement and any other Loan Document to (1) cure any ambiguity, omission, defect or
inconsistency therein, or (2) grant a new Lien for the benefit of the Secured Parties, extend an existing Lien over additional property for the benefit of the Secured Parties or join additional Persons as Credit Parties; provided that no
Accounts or Inventory of such Person shall be included as Eligible Accounts or Eligible Inventory until a field examination (and, if required by Agent, an Inventory appraisal) with respect thereto has been completed to the satisfaction of Agent,
including the establishment of Reserves required in Agent’s Permitted Discretion. 

  
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 9.2 Notices. 

(a) Addresses. All notices and other communications required or expressly authorized to be made
by this Agreement shall be given in writing, unless otherwise expressly specified herein, and (i) addressed to the address or sent to the facsimile number set forth on the applicable signature page hereto, (ii) posted to Intralinks® (to the extent such system is available and set up by or at the direction of Agent prior to posting and the Credit
Parties are provided with access to and notice of the intention of Agent to use such system) in an appropriate location by uploading such notice, demand, request, direction or other communication to www.intralinks.com, faxing it to
866-545-6600 with an appropriate bar-code fax coversheet or using such other means of posting to Intralinks® as
may be available and reasonably acceptable to Agent prior to such posting, (iii) posted to any other E-System approved by or set up by or at the direction of Agent or (iv) addressed to such other address as shall be notified in writing
(A) in the case of the Borrower and Agent, to the other parties hereto and (B) in the case of all other parties, to the Borrower and Agent. Transmissions made by electronic mail or E-Fax to Agent shall be effective only (x) for
notices where such transmission is specifically authorized by this Agreement, (y) if such transmission is delivered in compliance with procedures of Agent applicable at the time and previously communicated to Borrower, and (z) if receipt
of such transmission is acknowledged by Agent. 
 (b) Effectiveness. 

(i) All communications described in clause (a) above and all other notices, demands, requests and other
communications made in connection with this Agreement shall be effective and be deemed to have been received (i) if delivered by hand, upon personal delivery, (ii) if delivered by overnight courier service, one (1) Business Day after
delivery to such courier service, (iii) if delivered by mail, three (3) Business Days after deposit in the mail, (iv) if delivered by facsimile (other than to post to an E-System pursuant to clause (a)(ii) or (a)(iii)
above), upon sender’s receipt of confirmation of proper transmission, and (v) if delivered by posting to any E-System, on the later of the Business Day of such posting and the Business Day access to such posting is given to the recipient
thereof in accordance with the standard procedures applicable to such E-System; provided, however, that no communications to Agent pursuant to Article I shall be effective until received by Agent. 

(ii) The posting, completion and/or submission by any Credit Party of any communication pursuant to an E-System shall
constitute a representation and warranty by the Credit Parties that any representation, warranty, certification or other similar statement required by the Loan Documents to be provided, given or made by a Credit Party in connection with any such
communication is true, correct and complete except as expressly noted in such communication or E-System. 
 (c)
Each Lender shall notify Agent in writing of any changes in the address to which notices to such Lender should be directed, of addresses of its Lending Office, of payment instructions in respect of all payments to be made to it hereunder and of such
other administrative information as Agent shall reasonably request. 

  
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 9.3 Electronic Transmissions. 

(a) Authorization. Subject to the provisions of subsection 9.2(a), each of Agent, Lenders, each Credit Party
and each of their Related Persons, is authorized (but not required) to transmit, post or otherwise make or communicate, in its sole discretion, Electronic Transmissions in connection with any Loan Document and the transactions contemplated therein.
Each Credit Party and each Secured Party hereto acknowledges and agrees that the use of Electronic Transmissions is not necessarily secure and that there are risks associated with such use, including risks of interception, disclosure and abuse and
each indicates it assumes and accepts such risks by hereby authorizing the transmission of Electronic Transmissions. 
 (b) Signatures. Subject to the provisions of subsection 9.2(a), (i)(A) no posting to any E-System shall be denied legal effect merely because it is made electronically, (B) each
E-Signature on any such posting shall be deemed sufficient to satisfy any requirement for a “signature” and (C) each such posting shall be deemed sufficient to satisfy any requirement for a “writing”, in each case including
pursuant to any Loan Document, any applicable provision of any PPSA, the Electronic Commerce Act, 2000 (Ontario) and any substantive or procedural Requirement of Law governing such subject matter, (ii) each such posting that is not
readily capable of bearing either a signature or a reproduction of a signature may be signed, and shall be deemed signed, by attaching to, or logically associating with such posting, an E-Signature, upon which Agent, each Secured Party and each
Credit Party may rely and assume the authenticity thereof, (iii) each such posting containing a signature, a reproduction of a signature or an E-Signature shall, for all intents and purposes, have the same effect and weight as a signed paper
original and (iv) each party hereto or beneficiary hereto agrees not to contest the validity or enforceability of any posting on any E-System or E-Signature on any such posting under the provisions of any applicable Requirement of Law requiring
certain documents to be in writing or signed; provided, however, that nothing herein shall limit such party’s or beneficiary’s right to contest whether any posting to any E-System or E-Signature has been altered after transmission.

 (c) Separate Agreements. All uses of an E-System shall be governed by and subject to, in addition to
Section 9.2 and this Section 9.3, the separate terms, conditions and privacy policy posted or referenced in such E-System (or such terms, conditions and privacy policy as may be updated from time to time, including on such
E-System) and related Contractual Obligations executed by Agent and Credit Parties in connection with the use of such E-System. 
 (d) LIMITATION OF LIABILITY. ALL E-SYSTEMS AND ELECTRONIC TRANSMISSIONS SHALL BE PROVIDED “AS IS” AND “AS AVAILABLE”. NONE OF AGENT, ANY LENDER OR ANY OF THEIR RELATED PERSONS
WARRANTS THE ACCURACY, ADEQUACY OR COMPLETENESS OF ANY E-SYSTEMS OR ELECTRONIC TRANSMISSION AND DISCLAIMS ALL LIABILITY FOR ERRORS OR OMISSIONS THEREIN. NO WARRANTY OF ANY KIND IS MADE BY AGENT, ANY LENDER OR ANY OF THEIR RELATED PERSONS IN
CONNECTION WITH ANY E-SYSTEMS OR ELECTRONIC COMMUNICATION, INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD-PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS. Each of the Borrower, each
other Credit Party executing this Agreement and each Secured Party agrees that Agent has no responsibility for maintaining or providing any equipment, software, services or any testing required in connection with any Electronic Transmission or
otherwise required for any E-System. 

  
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 9.4 No Waiver; Cumulative Remedies. No failure to exercise and no delay in
exercising, on the part of Agent or any Lender, any right, remedy, power or privilege hereunder, 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. No course of dealing between any Credit Party, any Affiliate of any Credit Party, Agent or any Lender shall be effective to amend, modify or discharge any
provision of this Agreement or any of the other Loan Documents. 
 9.5 Costs and Expenses. Any action taken by any Credit
Party under or with respect to any Loan Document, even if required under any Loan Document or at the request of Agent or Required Lenders, shall be at the expense of such Credit Party, and neither Agent nor any other Secured Party shall be required
under any Loan Document to reimburse any Credit Party or any Subsidiary of any Credit Party therefor except as expressly provided therein. In addition, the Borrower agrees to pay or reimburse upon demand (a) Agent for all reasonable
out-of-pocket costs and expenses incurred by it or any of its Related Persons, in connection with the investigation, development, preparation, negotiation, syndication, execution, interpretation or administration of, any modification of any term of
or termination of, any Loan Document, any commitment or proposal letter therefor, any other document prepared in connection therewith or the consummation and administration of any transaction contemplated therein, in each case including Legal Costs
of Agent, the cost of environmental audits, Collateral audits and appraisals, background checks and similar expenses, (b) Agent for all reasonable costs and expenses incurred by it or any of its Related Persons in connection with internal audit
reviews, field examinations and Collateral examinations (which shall be reimbursed, in addition to the out-of-pocket costs and expenses of such examiners, at the per diem rate per individual charged by Agent for its examiners), (c) each of
Agent, its Related Persons, and L/C Issuer for all reasonable costs and expenses incurred in connection with (i) any refinancing or restructuring of the credit arrangements provided hereunder in the nature of a “work-out”,
(ii) the enforcement or preservation of any right or remedy under any Loan Document, any Obligation, with respect to the Collateral or any other related right or remedy or (iii) the commencement, defence, conduct of, intervention in, or
the taking of any other action with respect to, any proceeding (including any bankruptcy or insolvency proceeding) related to any Credit Party, any Subsidiary of any Credit Party, Loan Document, or Obligation (or the response to and preparation for
any subpoena or request for document production relating thereto), including Legal Costs and (d) the Legal Costs of one law firm on behalf of all Lenders (other than Agent, but without duplication when Agent is the sole Lender) incurred in
connection with any of the matters referred to in clause (c) above. 

  
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 9.6 Indemnity. 

(a) Each Credit Party agrees to indemnify, hold harmless and defend Agent, each Lender, each L/C Issuer and each of their
respective Related Persons (each such Person being an “Indemnitee”) from and against all Liabilities (including brokerage commissions, fees and other compensation) that may be imposed on, incurred by or asserted against any such Indemnitee
in any matter relating to or arising out of, in connection with or as a result of (i) any Loan Document, any Related Agreement, any Obligation (or the repayment thereof), any Letter of Credit, the use or intended use of the proceeds of any Loan
or the use of any Letter of Credit or any securities filing of, or with respect to, any Credit Party, (ii) any commitment letter, proposal letter or term sheet with any Person or any Contractual Obligation, arrangement or understanding with any
broker, finder or consultant, in each case entered into by or on behalf of any Credit Party or any Affiliate of any of them in connection with any of the foregoing and any Contractual Obligation entered into in connection with any E-Systems or other
Electronic Transmissions, (iii) any actual or prospective investigation, litigation or other proceeding, whether or not brought by any such Indemnitee or any of its Related Persons, any holders of securities or creditors (and including legal
fees in any case), whether or not any such Indemnitee, Related Person, holder or creditor is a party thereto, and whether or not based on any securities or commercial law or regulation or any other Requirement of Law or theory thereof, including
common law, equity, contract, tort or otherwise or (iv) any other act, event or transaction related, contemplated in or attendant to any of the foregoing (collectively, the “Indemnified Matters”); provided, however, that no Credit
Party shall have any liability under this Section 9.6 to any Indemnitee with respect to any Indemnified Matter, and no Indemnitee shall have any liability with respect to any Indemnified Matter other than (to the extent otherwise
liable), to the extent such liability has resulted primarily from the gross negligence or willful misconduct of such Indemnitee, as determined by a court of competent jurisdiction in a final non-appealable judgment or order. Furthermore, each of the
Borrower and each other Credit Party executing this Agreement waives and agrees not to assert against any Indemnitee, and shall cause each other Credit Party to waive and not assert against any Indemnitee, any right of contribution with respect to
any Liabilities that may be imposed on, incurred by or asserted against any Related Person. 
 (b) Without
limiting the foregoing, “Indemnified Matters” includes all Environmental Liabilities, including those arising from, or otherwise involving, any property of any Credit Party or any Related Person of any Credit Party or any actual, alleged
or prospective damage to property or natural resources or harm or injury alleged to have resulted from any Release of Hazardous Materials on, upon or into such property or natural resource or any property on or contiguous to any Real Estate of any
Credit Party or any Related Person of any Credit Party, whether or not, with respect to any such Environmental Liabilities, any Indemnitee is a mortgagee pursuant to any leasehold mortgage, a mortgagee in possession, the successor-in-interest to any
Credit Party or any Related Person of any Credit Party or the owner, lessee or operator of any property of any Related Person through any foreclosure action, in each case except to the extent such Environmental Liabilities (i) are incurred
solely following foreclosure by Agent or following Agent or any Lender having become the successor-in-interest to any Credit Party or any Related Person of any Credit Party and (ii) are attributable solely to acts of such Indemnitee.

  
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 9.7 Marshaling; Payments Set Aside. No Secured Party shall be under any obligation to
marshal any property in favour of any Credit Party or any other Person or against or in payment of any Obligation. To the extent that any Secured Party receives a payment from the Borrower, from any other Credit Party, from the proceeds of the
Collateral, from the exercise of its rights of setoff, any enforcement action or otherwise, and such payment is subsequently, in whole or in part, invalidated, declared to be fraudulent or preferential, set aside or required to be repaid to a
trustee, receiver or any other party, then to the extent of such recovery, the obligation or part thereof originally intended to be satisfied, and all Liens, rights and remedies therefor, shall be revived and continued in full force and effect as if
such payment had not occurred. 
 9.8 Successors and Assigns. The provisions of this Agreement shall be binding upon and
inure to the benefit of the parties hereto and their respective successors and assigns; provided that any assignment by any Lender shall be subject to the provisions of Section 9.9, and provided further that no Borrower may assign or
transfer any of its rights or obligations under this Agreement without the prior written consent of Agent and each Lender. 

9.9 Assignments and Participations; Binding Effect. 

(a) Binding Effect. This Agreement shall become effective when it shall have been executed by the Borrower, the
other Credit Parties signatory hereto and Agent and when Agent shall have been notified by each Lender that such Lender has executed it. Thereafter, it shall be binding upon and inure to the benefit of, but only to the benefit of, the Borrower, the
other Credit Parties hereto (in each case except for Article VIII), Agent, each Lender and each L/C Issuer receiving the benefits of the Loan Documents and, to the extent provided in Section 8.11, each other Secured Party
and, in each case, their respective successors and permitted assigns. Except as expressly provided in any Loan Document (including in Section 8.9), none of the Borrower, any other Credit Party, any L/C Issuer or Agent shall have the
right to assign any rights or obligations hereunder or any interest herein. 
 (b) Right to Assign. Each
Lender may sell, transfer, negotiate or assign (a “Sale”) all or a portion of its rights and obligations hereunder (including all or a portion of its Commitments and its rights and obligations with respect to Loans and Letters of
Credit) to (i) any existing Lender (other than a Non-Funding Lender or Impacted Lender), (ii) any Affiliate or Approved Fund of any existing Lender (other than a Non-Funding Lender or Impacted Lender) or (iii) any other Person
acceptable (which acceptance shall not be unreasonably withheld or delayed) to Agent and, with respect to Sales of Revolving Loan Commitments, each L/C Issuer that is a Lender and, as long as no Event of Default is continuing, the Borrower (which
acceptances shall be deemed to have been given unless an objection is delivered to Agent within five (5) Business Days after notice of a proposed sale is delivered to Borrower); provided, however, that (v) such Sales must be ratable among
the obligations owing to and owed by such Lender with respect to the Revolving Loans, (w) for each Loan, the aggregate outstanding principal amount (determined as of the effective date of the applicable Assignment) of the Loans, Commitments and
Letter of Credit Obligations subject to any such Sale shall be in a minimum amount of $1,000,000, unless such Sale is made to an existing Lender or an Affiliate or Approved Fund of any existing Lender, is of the assignor’s (together with its
Affiliates and Approved Funds) entire interest in such facility or is made with the prior consent of the Borrower (to the extent required) and Agent, (x) such Sales shall be effective only upon the acknowledgement in writing of such Sale by
Agent, (y) interest accrued prior to and through the date of any such Sale may not be assigned, and (z) such Sales by Lenders who are Non-Funding Lenders due to clause (a) of the definition of Non-Funding Lender shall be subject to
Agent’s prior written consent in all instances, unless in connection with such Sale, such Non-Funding Lender cures, or causes the cure of, its Non-Funding Lender status as contemplated in subsection 1.11(e)(v). Agent’s refusal
to accept a Sale to a Credit Party, an Affiliate of a Credit Party, a holder of Subordinated Debt or an Affiliate of such a holder, or to any Person that would be a Non-Funding Lender or an Impacted Lender, or the imposition of conditions or
limitations (including limitations on voting) upon Sales to such Persons, shall not be deemed to be unreasonable. 

  
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 (c) Procedure. The parties to each Sale made in reliance on clause
(b) above (other than those described in clause (e) or (f) below) shall execute and deliver to Agent an Assignment via an electronic settlement system designated by Agent (or, if previously agreed with Agent, via a
manual execution and delivery of the Assignment) evidencing such Sale, together with any existing Note subject to such Sale (or any affidavit of loss therefor acceptable to Agent), any tax forms required to be delivered pursuant to
Section 10.1 and payment of an assignment fee in the amount of $3,500 to Agent, unless waived or reduced by Agent; provided, that (i) if a Sale by a Lender is made to an Affiliate or an Approved Fund of such assigning Lender, then
no assignment fee shall be due in connection with such Sale, and (ii) if a Sale by a Lender is made to an assignee that is not an Affiliate or Approved Fund of such assignor Lender, and concurrently to one or more Affiliates or Approved Funds
of such Assignee, then only one assignment fee of $3,500 shall be due in connection with such Sale (unless waived or reduced by Agent). Upon receipt of all the foregoing, and conditioned upon such receipt and, if such Assignment is made in
accordance with clause (iii) of subsection 9.9(b), upon Agent (and the Borrower, if applicable) consenting to such Assignment, from and after the effective date specified in such Assignment, Agent shall record or cause to be
recorded in the Register the information contained in such Assignment. 
 (d) Effectiveness. Subject to
the recording of an Assignment by Agent in the Register pursuant to subsection 1.4(b), (i) the assignee thereunder shall become a party hereto and, to the extent that rights and obligations under the Loan Documents have been assigned to
such assignee pursuant to such Assignment, shall have the rights and obligations of a Lender, (ii) any applicable Note shall be transferred to such assignee through such entry and (iii) the assignor thereunder shall, to the extent that
rights and obligations under this Agreement have been assigned by it pursuant to such Assignment, relinquish its rights (except for those surviving the termination of the Commitments and the payment in full of the Obligations) and be released from
its obligations under the Loan Documents, other than those relating to events or circumstances occurring prior to such assignment (and, in the case of an Assignment covering all or the remaining portion of an assigning Lender’s rights and
obligations under the Loan Documents, such Lender shall cease to be a party hereto). 

  
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 (e) Grant of Security Interests. In addition to the other rights
provided in this Section 9.9, each Lender may grant a security interest in, or otherwise assign as collateral, any of its rights under this Agreement, whether now owned or hereafter acquired (including rights to payments of principal or
interest on the Loans), to (A) any federal reserve bank (pursuant to Regulation A of the Federal Reserve Board), without notice to Agent or (B) any holder of, or trustee for the benefit of the holders of, such Lender’s Indebtedness or
equity securities, by notice to Agent; provided, however, that no such holder or trustee, whether because of such grant or assignment or any foreclosure thereon (unless such foreclosure is made through an assignment in accordance with clause
(b) above), shall be entitled to any rights of such Lender hereunder and no such Lender shall be relieved of any of its obligations hereunder. 
 (f) Participants and SPVs. In addition to the other rights provided in this Section 9.9, each Lender may, (x) with notice to Agent, grant to an SPV the option to make all or any
part of any Loan that such Lender would otherwise be required to make hereunder (and the exercise of such option by such SPV and the making of Loans pursuant thereto shall satisfy the obligation of such Lender to make such Loans hereunder) and such
SPV may assign to such Lender the right to receive payment with respect to any Obligation and (y) without notice to or consent from Agent or the Borrower, sell participations to one or more Persons in or to all or a portion of its rights and
obligations under the Loan Documents (including all its rights and obligations with respect to the Revolving Loans and Letters of Credit); provided, however, that, whether as a result of any term of any Loan Document or of such grant or
participation, (i) no such SPV or participant shall have a commitment, or be deemed to have made an offer to commit, to make Loans hereunder, and, except as provided in the applicable option agreement, none shall be liable for any obligation of
such Lender hereunder, (ii) such Lender’s rights and obligations, and the rights and obligations of the Credit Parties and the Secured Parties towards such Lender, under any Loan Document shall remain unchanged and each other party hereto
shall continue to deal solely with such Lender, which shall remain the holder of the Obligations in the Register, except that (A) each such participant and SPV shall be entitled to the benefit of Article X, but, with respect to
Section 10.1, only to the extent such participant or SPV delivers the tax forms such Lender is required to collect pursuant to subsection 10.1(f) and then only to the extent of any amount to which such Lender would be entitled in
the absence of any such grant or participation and (B) each such SPV may receive other payments that would otherwise be made to such Lender with respect to Loans funded by such SPV to the extent provided in the applicable option agreement and
set forth in a notice provided to Agent by such SPV and such Lender, provided, however, that in no case (including pursuant to clause (A) or (B) above) shall an SPV or participant have the right to enforce any of the terms of
any Loan Document, and (iii) the consent of such SPV or participant shall not be required (either directly, as a restraint on such Lender’s ability to consent hereunder or otherwise) for any amendments, waivers or consents with respect to
any Loan Document or to exercise or refrain from exercising any powers or rights such Lender may have under or in respect of the Loan Documents (including the right to enforce or direct enforcement of the Obligations), except for those described in
clauses (ii) and (iii) of subsection 9.1(a) with respect to amounts, or dates fixed for payment of amounts, to which such participant or SPV would otherwise be entitled and, in the case of participants, except for
those described in clause (vi) of subsection 9.1(a). No party hereto shall institute (and the Borrower shall cause each other Credit Party not to institute) against any SPV grantee of an option pursuant to this clause
(f) any bankruptcy, reorganization, insolvency, liquidation or similar proceeding, prior to the date that is one year and one day after the payment in full of all outstanding commercial paper of such SPV; provided, however, that each Lender
having designated an SPV as such agrees to indemnify each Indemnitee against any Liability that may be incurred by, or asserted against, such Indemnitee as a result of failing to institute such proceeding (including a failure to get reimbursed by
such SPV for any such Liability). The agreement in the preceding sentence shall survive the termination of the Commitments and the payment in full of the Obligations. 

  
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 9.10 Non-Public Information; Confidentiality. 

(a) Non-Public Information. Agent, each Lender and L/C Issuer acknowledges and agrees that it may receive material
non-public information (“MNPI”) hereunder concerning the Credit Parties and their Affiliates and agrees to use such information in compliance with all relevant policies, procedures and applicable Requirements of Laws (including Canadian
federal, provincial and territorial security laws and regulations). 
 (b) Confidential Information. Each
Lender, L/C Issuer and Agent agrees to use all reasonable efforts to maintain, in accordance with its customary practices, the confidentiality of information obtained by it pursuant to any Loan Document and designated in writing by any Credit Party
as confidential, except that such information may be disclosed (i) with the Borrower’s consent, (ii) to Related Persons of such Lender, L/C Issuer or Agent, as the case may be, or to any Person that any L/C Issuer causes to issue
Letters of Credit hereunder, that are advised of the confidential nature of such information and are instructed to keep such information confidential in accordance with the terms hereof, (iii) to the extent such information presently is or
hereafter becomes (A) publicly available other than as a result of a breach of this Section 9.10 or (B) available to such Lender, L/C Issuer or Agent or any of their Related Persons, as the case may be, from a source (other
than any Credit Party) not known by them to be subject to disclosure restrictions, (iv) to the extent disclosure is required by applicable Requirements of Law or other legal process or requested or demanded by any Governmental Authority,
(v) to the extent necessary or customary for inclusion in league table measurements, (vi) (A) to the Insurance Bureau of Canada, the National Association of Insurance Commissioners or any similar organization, any examiner or any
nationally recognized rating agency or (B) otherwise to the extent consisting of general portfolio information that does not identify Credit Parties, (vii) to current or prospective assignees, SPVs (including the investors or prospective
investors therein) or participants, direct or contractual counterparties to any Secured Rate Contracts and to their respective Related Persons, in each case to the extent such assignees, investors, participants, counterparties or Related Persons
agree to be bound by provisions substantially similar to the provisions of this Section 9.10 (and such Person may disclose information to their respective Related Persons in accordance with clause (ii) above), (viii) to
any other party hereto, and (ix) in connection with the exercise or enforcement of any right or remedy under any Loan Document, in connection with any litigation or other proceeding to which such Lender, L/C Issuer or Agent or any of their
Related Persons is a party or bound, or to the extent necessary to respond to public statements or disclosures by Credit Parties or their Related Persons referring to a Lender, L/C Issuer or Agent or any of their Related Persons. In the event of any
conflict between the terms of this Section 9.10 and those of any other Contractual Obligation entered into with any Credit Party (whether or not a Loan Document), the terms of this Section 9.10 shall govern. 

  
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 (c) Tombstones. Each Credit Party consents to the publication by
Agent or any Lender of advertising material relating to the financing transactions contemplated by this Agreement using any Credit Party’s name, product photographs, logo or trademark. Agent or such Lender shall provide a draft of any
advertising material to Borrower for review and comment prior to the publication thereof. 
 (d) Press Release
and Related Matters. No Credit Party shall, and no Credit Party shall permit any of its Affiliates to, issue any press release or other public disclosure (other than any document filed with any Governmental Authority in accordance with public
disclosure requirements relating to any Credit Party or an Affiliate thereof) using the name, logo or otherwise referring to GE Capital or of any of its Affiliates, the Loan Documents or any transaction contemplated therein to which Agent is party
without the prior consent of GE Capital except to the extent required to do so under applicable Requirements of Law and then, only after consulting with GE Capital. 

(e) Distribution of Materials to Lenders and L/C Issuers. The Credit Parties acknowledge and agree that the Loan
Documents and all reports, notices, communications and other information or materials provided or delivered by, or on behalf of, the Credit Parties hereunder (collectively, the “Borrower Materials”) may be disseminated by, or on behalf of,
Agent, and made available, to the Lenders and the L/C Issuers by posting such Borrower Materials on an E-System. The Credit Parties authorize Agent to download copies of their logos from its website and post copies thereof on an E-System.

 (f) Material Non-Public Information. The Credit Parties hereby agree that if either they, any parent
company or any Subsidiary of the Credit Parties has publicly traded equity or debt securities in Canada or the U.S., they shall (and shall cause such parent company or Subsidiary, as the case may be, to) (i) identify in writing, and
(ii) to the extent reasonably practicable, clearly and conspicuously mark such Borrower Materials that contain only information that is publicly available or that is not material for purposes of Canadian federal, provincial and territorial
securities laws as “PUBLIC”. The Credit Parties agree that by identifying such Borrower Materials as “PUBLIC” or publicly filing such Borrower Materials with any securities commission, then Agent, the Lenders and the L/C Issuers
shall be entitled to treat such Borrower Materials as not containing any MNPI for purposes of Canadian federal, provincial and territorial securities laws. The Credit Parties further represent, warrant, acknowledge and agree that the following
documents and materials shall be deemed to be PUBLIC, whether or not so marked, and do not contain any MNPI: (A) the Loan Documents, including the schedules and exhibits attached thereto, and (B) administrative materials of a customary
nature prepared by the Credit Parties or Agent (including, Notices of Borrowing, Notices of Conversion/Continuation, L/C Requests, and any similar requests or notices posted on or through an E-System). Before distribution of any Borrower Materials,
the Credit Parties agree to execute and deliver to Agent a letter authorizing distribution of the evaluation materials to prospective Lenders and their employees willing to receive MNPI, and a separate letter authorizing distribution of evaluation
materials that do not contain MNPI and represent that no MNPI is contained therein. 

  
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 9.11 Set-off; Sharing of Payments. 

(a) Right of Setoff. Each of Agent, each Lender, each L/C Issuer and each Affiliate (including each branch office
thereof) of any of them is hereby authorized, without notice or demand (each of which is hereby waived by each Credit Party), at any time and from time to time during the continuance of any Event of Default and to the fullest extent permitted by
applicable Requirements of Law, to set off and apply any and all deposits (whether general or special, time or demand, provisional or final) at any time held and other Indebtedness, claims or other obligations at any time owing by Agent, such
Lender, such L/C Issuer or any of their respective Affiliates to or for the credit or the account of the Borrower or any other Credit Party against any Obligation of any Credit Party now or hereafter existing, whether or not any demand was made
under any Loan Document with respect to such Obligation and even though such Obligation may be unmatured. No Lender or L/C Issuer shall exercise any such right of setoff without the prior consent of Agent or Required Lenders. Each of Agent, each
Lender and each L/C Issuer agrees promptly to notify the Borrower and Agent after any such setoff and application made by such Lender or its Affiliates; provided, however, that the failure to give such notice shall not affect the validity of such
setoff and application. The rights under this Section 9.11 are in addition to any other rights and remedies (including other rights of setoff) that Agent, the Lenders, the L/C Issuer, their Affiliates and the other Secured Parties, may
have. 
 (b) Sharing of Payments, Etc. If any Lender, directly or through an Affiliate or branch office
thereof, obtains any payment of any Obligation of any Credit Party (whether voluntary, involuntary or through the exercise of any right of setoff or the receipt of any Collateral or “proceeds” (as defined under the applicable PPSA) of
Collateral) other than pursuant to Section 9.9 or Article X and such payment exceeds the amount such Lender would have been entitled to receive if all payments had gone to, and been distributed by, Agent in accordance with the
provisions of the Loan Documents, such Lender shall purchase for cash from other Lenders such participations in their Obligations as necessary for such Lender to share such excess payment with such Lenders to ensure such payment is applied as though
it had been received by Agent and applied in accordance with this Agreement (or, if such application would then be at the discretion of the Borrower, applied to repay the Obligations in accordance herewith); provided, however, that (a) if such
payment is rescinded or otherwise recovered from such Lender or L/C Issuer in whole or in part, such purchase shall be rescinded and the purchase price therefor shall be returned to such Lender or L/C Issuer without interest and (b) such Lender
shall, to the fullest extent permitted by applicable Requirements of Law, be able to exercise all its rights of payment (including the right of setoff) with respect to such participation as fully as if such Lender were the direct creditor of the
applicable Credit Party in the amount of such participation. If a Non-Funding Lender receives any such payment as described in the previous sentence, such Lender shall turn over such payments to Agent in an amount that would satisfy the cash
collateral requirements set forth in subsection 1.11(e). 
 9.12 Counterparts; Facsimile Signature. This Agreement
may be executed in any number of counterparts and by different parties in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. Signature
pages may be detached from multiple separate counterparts and attached to a single counterpart. Delivery of an executed signature page of this Agreement by facsimile transmission or Electronic Transmission shall be as effective as delivery of a
manually executed counterpart hereof. 

  
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 9.13 Severability. The illegality or unenforceability of any provision of this
Agreement or any instrument or agreement required hereunder shall not in any way affect or impair the legality or enforceability of the remaining provisions of this Agreement or any instrument or agreement required hereunder. 

9.14 Captions. The captions and headings of this Agreement are for convenience of reference only and shall not affect the
interpretation of this Agreement. 
 9.15 Independence of Provisions. The parties hereto acknowledge that this Agreement
and the other Loan Documents may use several different limitations, tests or measurements to regulate the same or similar matters, and that such limitations, tests and measurements are cumulative and must each be performed, except as expressly
stated to the contrary in this Agreement. 
 9.16 Interpretation. This Agreement is the result of negotiations among and
has been reviewed by counsel to Credit Parties, Agent, each Lender and other parties hereto, and is the product of all parties hereto. Accordingly, this Agreement and the other Loan Documents shall not be construed against the Lenders or Agent
merely because of Agent’s or Lenders’ involvement in the preparation of such documents and agreements. Without limiting the generality of the foregoing, each of the parties hereto has had the advice of counsel with respect to Sections
9.18 and 9.19. 
 9.17 No Third Parties Benefited. This Agreement is made and entered into for the sole
protection and legal benefit of the Borrower, the Lenders, the L/C Issuers party hereto, Agent and, subject to the provisions of Section 8.11, each other Secured Party, and their permitted successors and assigns, and no other Person
shall be a direct or indirect legal beneficiary of, or have any direct or indirect cause of action or claim in connection with, this Agreement or any of the other Loan Documents. Neither Agent nor any Lender shall have any obligation to any Person
not a party to this Agreement or the other Loan Documents. 
 9.18 Governing Law and Jurisdiction. 

(a) Governing Law. The laws of the Province of Ontario and the federal laws of Canada applicable therein shall
govern all matters arising out of, in connection with or relating to this Agreement, including, without limitation, its validity, interpretation, construction, performance and enforcement (including, without limitation, any claims based in contract
or tort law arising out of the subject matter hereof and any determinations with respect to post-judgment interest). 
 (b) Submission to Jurisdiction. Each Credit Party hereby consents and agrees that the courts located in the Province of Ontario shall have non-exclusive jurisdiction to hear and determine any legal
action or proceeding with respect to any Loan Document and, by execution and delivery of this Agreement, the Borrower and each other Credit Party executing this Agreement hereby accepts for itself and in respect of its property, generally and
unconditionally, the jurisdiction of the aforesaid courts; provided that nothing in this Agreement shall limit the right of Agent to commence any proceeding in any court of any other jurisdiction to the extent Agent determines that such action is
necessary or appropriate to exercise its rights or remedies under the Loan Documents. The parties hereto (and, to the extent set forth in any other Loan Document, each other Credit Party) hereby irrevocably waive any objection, including any
objection to the laying of venue or based on the grounds of forum non conveniens, that any of them may now or hereafter have to the bringing of any such action or proceeding in such jurisdictions. 

  
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 (c) Service of Process. Each Credit Party hereby irrevocably waives
personal service of any and all legal process, summons, notices and other documents and other service of process of any kind and consents to such service in any suit, action or proceeding brought in Canada with respect to or otherwise arising out of
or in connection with any Loan Document by any means permitted by applicable Requirements of Law, including by the mailing thereof (by registered or certified mail, postage prepaid) to the address of the Borrower specified herein (and shall be
effective when such mailing shall be effective, as provided therein). Each Credit Party agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any
other manner provided by law. 
 (d) Non-Exclusive Jurisdiction. Nothing contained in this
Section 9.18 shall affect the right of Agent or any Lender to serve process in any other manner permitted by applicable Requirements of Law or commence legal proceedings or otherwise proceed against any Credit Party in any other
jurisdiction. 
 9.19 Waiver of Jury Trial. THE PARTIES HERETO, TO THE EXTENT PERMITTED BY LAW, WAIVE ALL RIGHT TO TRIAL
BY JURY IN ANY ACTION, SUIT, OR PROCEEDING ARISING OUT OF, IN CONNECTION WITH OR RELATING TO, THIS AGREEMENT, THE OTHER LOAN DOCUMENTS AND ANY OTHER TRANSACTION CONTEMPLATED HEREBY AND THEREBY. THIS WAIVER APPLIES TO ANY ACTION, SUIT OR PROCEEDING
WHETHER SOUNDING IN TORT, CONTRACT OR OTHERWISE. 
 9.20 Entire Agreement; Release; Survival. 

(a) THE LOAN DOCUMENTS EMBODY THE ENTIRE AGREEMENT OF THE PARTIES AND SUPERSEDE ALL PRIOR AGREEMENTS AND UNDERSTANDINGS
RELATING TO THE SUBJECT MATTER THEREOF AND ANY PRIOR LETTER OF INTEREST, COMMITMENT LETTER, CONFIDENTIALITY AND SIMILAR AGREEMENTS INVOLVING ANY CREDIT PARTY AND ANY LENDER OR ANY L/C ISSUER OR ANY OF THEIR RESPECTIVE AFFILIATES RELATING TO A
FINANCING OF SUBSTANTIALLY SIMILAR FORM, PURPOSE OR EFFECT. IN THE EVENT OF ANY CONFLICT BETWEEN THE TERMS OF THIS AGREEMENT AND ANY OTHER LOAN DOCUMENT, THE TERMS OF THIS AGREEMENT SHALL GOVERN (UNLESS OTHERWISE EXPRESSLY STATED IN SUCH OTHER LOAN
DOCUMENT OR SUCH TERMS OF SUCH OTHER LOAN DOCUMENTS ARE NECESSARY TO COMPLY WITH APPLICABLE REQUIREMENTS OF LAW, IN WHICH CASE SUCH TERMS SHALL GOVERN TO THE EXTENT NECESSARY TO COMPLY THEREWITH). 

  
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 (b) Execution of this Agreement by the Credit Parties constitutes a full,
complete and irrevocable release of any and all claims which each Credit Party may have at law or in equity in respect of all prior discussions and understandings, oral or written, relating to the subject matter of this Agreement and the other Loan
Documents. In no event shall any Indemnitee be liable on any theory of liability for any special, indirect, consequential or punitive damages (including any loss of profits, business or anticipated savings). Each of the Borrower and each other
Credit Party signatory hereto hereby waives, releases and agrees (and shall cause each other Credit Party to waive, release and agree) not to sue upon any such claim for any special, indirect, consequential or punitive damages, whether or not
accrued and whether or not known or suspected to exist in its favour. 
 (c) (i) Any indemnification or other
protection provided to any Indemnitee pursuant to this Section 9.20, Sections 9.5 (Costs and Expenses) and 9.6 (Indemnity) and Articles VIII (Agent) and X (Taxes, Yield Protection and Illegality) and
(ii) the provisions of Section 8.1 of the Guarantee and Security Agreement, in each case, shall (x) survive the termination of the Commitments and the payment in full of all other Obligations and (y) with respect to
clause (i) above, inure to the benefit of any Person that at any time held a right thereunder (as an Indemnitee or otherwise) and, thereafter, its successors and permitted assigns. 

9.21 Anti-Money Laundering Legislation. 
 (a) Each Credit Party acknowledges that, pursuant to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (Canada), and other applicable anti-money laundering, anti-terrorist
financing, government sanction and “know your client” laws, whether within Canada or elsewhere (collectively, including any guidelines or orders thereunder, “AML Legislation”), the Lenders and Agent may be required to obtain,
verify and record information regarding each Credit Party, its respective directors, authorized signing officers, direct or indirect shareholders or other Persons in control of such Credit Party, and the transactions contemplated hereby. Borrower
shall promptly provide all such information, including supporting documentation and other evidence, as may be reasonably requested by any Lender or Agent, or any prospective assign or participant of a Lender or Agent, in order to comply with any
applicable AML Legislation, whether now or hereafter in existence. 
 (b) If Agent has ascertained the identity
of the Credit Parties or any authorized signatories of the Credit Parties for the purposes of applicable AML Legislation, then Agent: 
 (i) shall be deemed to have done so as an agent for each Lender, and this Agreement shall constitute a “written agreement” in such regard between each Lender and Agent within the meaning of
applicable AML Legislation; and 
 (ii) shall provide to each Lender copies of all information obtained in such
regard without any representation or warranty as to its accuracy or completeness. 

  
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 Notwithstanding the preceding sentence and except as may otherwise be agreed in writing,
each of the Lenders agrees that Agent has no obligation to ascertain the identity of the Credit Parties or any authorized signatories of the Credit Parties on behalf of any Lender, or to confirm the completeness or accuracy of any information it
obtains from the Credit Parties or any such authorized signatory in doing so. 
 9.22 Replacement of Lender. Within
forty-five days after: (i) receipt by the Borrower of written notice and demand from any Lender that is not Agent or an Affiliate of Agent (an “Affected Lender”) for payment of additional costs as provided in Sections 10.1,
10.3 and/or 10.6; or (ii) any failure by any Lender (other than Agent or an Affiliate of Agent) to consent to a requested amendment, waiver or modification to any Loan Document in which Required Lenders have already consented to
such amendment, waiver or modification but the consent of each Lender (or each Lender directly affected thereby, as applicable) is required with respect thereto, the Borrower may, at their option, notify Agent and such Affected Lender (or such
non-consenting Lender) of the Borrower’s intention to obtain, at the Borrower’s expense, a replacement Lender (“Replacement Lender”) for such Affected Lender (or such non-consenting Lender), which Replacement Lender shall be
reasonably satisfactory to Agent. In the event the Borrower obtain a Replacement Lender within forty-five (45) days following notice of its intention to do so, the Affected Lender (or such non-consenting Lender) shall sell and assign its Loans
and Commitments to such Replacement Lender, at par, provided that the Borrower have reimbursed such Affected Lender for its increased costs for which it is entitled to reimbursement under this Agreement through the date of such sale and assignment.
In the event that a replaced Lender does not execute an Assignment pursuant to Section 9.9 within five (5) Business Days after receipt by such replaced Lender of notice of replacement pursuant to this Section 9.22 and
presentation to such replaced Lender of an Assignment evidencing an assignment pursuant to this Section 9.22, the Borrower shall be entitled (but not obligated) to execute such an Assignment on behalf of such replaced Lender, and any
such Assignment so executed by the Borrower, the Replacement Lender and Agent, shall be effective for purposes of this Section 9.22 and Section 9.9. Notwithstanding the foregoing, with respect to a Lender that is a
Non-Funding Lender or an Impacted Lender, Agent may, but shall not be obligated to, obtain a Replacement Lender and execute an Assignment on behalf of such Non-Funding Lender or Impacted Lender at any time with three (3) Business Days’
prior notice to such Lender (unless notice is not practicable under the circumstances) and cause such Lender’s Loans and Commitments to be sold and assigned, in whole or in part, at par. Upon any such assignment and payment and compliance with
the other provisions of Section 9.9, such replaced Lender shall no longer constitute a “Lender” for purposes hereof; provided, any rights of such replaced Lender to indemnification hereunder shall survive. 

9.23 Joint and Several. The obligations of the Credit Parties hereunder and under the other Loan Documents are joint and several.
Without limiting the generality of the foregoing, reference is hereby made to Article II of the Guarantee and Security Agreement, to which the obligations of Borrower and the other Credit Parties are subject. 

9.24 Creditor-Debtor Relationship. The relationship between Agent, each Lender and the L/C Issuer, on the one hand, and the Credit
Parties, on the other hand, is solely that of creditor and debtor. No Secured Party has any fiduciary relationship or duty to any Credit Party arising out of or in connection with, and there is no agency, tenancy or joint venture relationship
between the Secured Parties and the Credit Parties by virtue of, any Loan Document or any transaction contemplated therein. 

  
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 9.25 Actions in Concert. Notwithstanding anything contained herein to the contrary,
each Lender hereby agrees with each other Lender that no Lender shall take any action to protect or enforce its rights against any Credit Party arising out of this Agreement or any other Loan Document (including exercising any rights of setoff)
without first obtaining the prior written consent of Agent or Required Lenders, it being the intent of Lenders that any such action to protect or enforce rights under this Agreement and the other Loan Documents shall be taken in concert and at the
direction or with the consent of Agent or Required Lenders. 
 ARTICLE X 

TAXES, YIELD PROTECTION AND ILLEGALITY 
 10.1 Taxes. 
 (a) Except as otherwise provided in this
Section 10.1, each payment by any Credit Party under any Loan Document shall be made free and clear of all present or future taxes, levies, imposts, deductions, charges or withholdings imposed by any Governmental Authority and all
liabilities with respect thereto (and without deduction for any of them) (collectively, but excluding Excluded Taxes, the “Taxes”). 
 (b) If any Taxes shall be required by law to be deducted from or in respect of any amount payable under any Loan Document to any Secured Party (i) such amount shall be increased as necessary to
ensure that, after all required deductions for Taxes are made (including deductions applicable to any increases to any amount under this Section 10.1), such Secured Party receives the amount it would have received had no such deductions
been made, (ii) the relevant Credit Party shall make such deductions, (iii) the relevant Credit Party shall timely pay the full amount deducted to the relevant taxing authority or other authority in accordance with applicable Requirements
of Law and (iv) within 30 days after such payment is made, the relevant Credit Party shall deliver to Agent an original or certified copy of a receipt evidencing such payment or other evidence of payment reasonably satisfactory to Agent.

 (c) In addition, the Borrower agrees to pay, and authorize Agent to pay in their name, any stamp, documentary,
excise or property tax, charges or similar levies imposed by any applicable Requirement of Law or Governmental Authority and all Liabilities with respect thereto (including by reason of any delay in payment thereof), in each case arising from the
execution, delivery or registration of, or otherwise with respect to, any Loan Document or any transaction contemplated therein (collectively, “Other Taxes”). Within 30 days after the date of any payment of Other Taxes by any Credit Party,
the Borrower shall furnish to Agent, at its address referred to in Section 9.2, the original or a certified copy of a receipt evidencing payment thereof or other evidence of payment reasonably satisfactory to Agent. 

  
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 (d) The Borrower shall reimburse and indemnify, within 30 days after receipt
of demand therefor (with copy to Agent), each Secured Party for all Taxes and Other Taxes (including any Taxes and Other Taxes imposed by any jurisdiction on amounts payable under this Section 10.1) paid by such Secured Party and any
Liabilities arising therefrom or with respect thereto, whether or not such Taxes or Other Taxes were correctly or legally asserted. A certificate of the Secured Party (or of Agent on behalf of such Secured Party) claiming any compensation under this
clause (d), setting forth the amounts to be paid thereunder and delivered to the Borrower with copy to Agent, shall be conclusive, binding and final for all purposes, absent manifest error. In determining such amount, Agent and such Secured
Party may use any reasonable averaging and attribution methods. 
 (e) Any Lender claiming any additional amounts
payable pursuant to this Section 10.1 shall use its commercially reasonable efforts (consistent with its internal policies and Requirements of Law) to change the jurisdiction of its Lending Office if such a change would reduce any such
additional amounts (or any similar amount that may thereafter accrue) and would not, in the sole determination of such Lender, be otherwise disadvantageous to such Lender. 
 10.2 Illegality. If after the date hereof any Lender shall determine that the introduction of any Requirement of Law, or any change in any Requirement of Law or in the interpretation or
administration thereof, has made it unlawful, or that any central bank or other Governmental Authority has asserted that it is unlawful, for any Lender or its Lending Office to make LIBOR Rate Loans, then, on notice thereof by such Lender to the
Borrower through Agent, the obligation of that Lender to make LIBOR Rate Loans shall be suspended until such Lender shall have notified Agent and the Borrower that the circumstances giving rise to such determination no longer exists. 

(a) Subject to clause (c) below, if any Lender shall determine that it is unlawful to maintain any LIBOR Rate
Loan, the Borrower shall prepay in full all LIBOR Rate Loans of such Lender then outstanding, together with interest accrued thereon, either on the last day of the Interest Period thereof if such Lender may lawfully continue to maintain such LIBOR
Rate Loans to such day, or immediately, if such Lender may not lawfully continue to maintain such LIBOR Rate Loans, together with any amounts required to be paid in connection therewith pursuant to Section 10.4. 

(b) If the obligation of any Lender to make or maintain LIBOR Rate Loans has been terminated, the Borrower may elect, by
giving notice to such Lender through Agent that all Loans which would otherwise be made by any such Lender as LIBOR Rate Loans shall be instead U.S. Base Rate Loans. 

(c) Before giving any notice to Agent pursuant to this Section 10.2, the affected Lender shall designate a
different Lending Office with respect to its LIBOR Rate Loans if such designation will avoid the need for giving such notice or making such demand and will not, in the judgment of the Lender, be illegal or otherwise disadvantageous to the Lender.

  
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 10.3 Increased Costs and Reduction of Return. 

(a) If any Lender or L/C Issuer shall determine that, due to either (i) the introduction of, or any change in, or in
the interpretation of, any law or regulation or (ii) the compliance with any guideline or request from any central bank or other Governmental Authority (whether or not having the force of law), in the case of either clause (i) or
(ii) subsequent to the date hereof, there shall be any increase in the cost to such Lender or L/C Issuer of agreeing to make or making, funding or maintaining any LIBOR Rate Loans or of issuing or maintaining any Letter of Credit, then
the Borrower shall be liable for, and shall from time to time, within thirty (30) days of demand therefor by such Lender or L/C Issuer (with a copy of such demand to Agent), pay to Agent for the account of such Lender or L/C Issuer, additional
amounts as are sufficient to compensate such Lender or L/C Issuer for such increased costs; provided, that the Borrower shall not be required to compensate any Lender or L/C Issuer pursuant to this subsection 10.3(a) for any increased costs
incurred more than 180 days prior to the date that such Lender or L/C Issuer notifies the Borrower, in writing of the increased costs and of such Lender’s or L/C Issuer’s intention to claim compensation thereof; provided, further, that if
the circumstance giving rise to such increased costs is retroactive, then the 180-day period referred to above shall be extended to include the period of retroactive effect thereof. 

(b) If any Lender or L/C Issuer shall have determined that: 

(i) the introduction of any Capital Adequacy Regulation; 

(ii) any change in any Capital Adequacy Regulation; 

(iii) any change in the interpretation or administration of any Capital Adequacy Regulation by any central bank or other
Governmental Authority charged with the interpretation or administration thereof; or 
 (iv) compliance by such
Lender or L/C Issuer (or its Lending Office) or any entity controlling the Lender or L/C Issuer, with any Capital Adequacy Regulation; 

affects the amount of capital required or expected to be maintained by such Lender or L/C Issuer or any entity controlling such Lender or L/C Issuer and
(taking into consideration such Lender’s or such entities’ policies with respect to capital adequacy and such Lender’s or L/C Issuer’s desired return on capital) determines that the amount of such capital is increased as a
consequence of its Commitment(s), loans, credits or obligations under this Agreement, then, within thirty (30) days of demand of such Lender or L/C Issuer (with a copy to Agent), the Borrower shall pay to such Lender or L/C Issuer, from time to
time as specified by such Lender or L/C Issuer, additional amounts sufficient to compensate such Lender or L/C Issuer (or the entity controlling the Lender or L/C Issuer) for such increase; provided, that the Borrower shall not be required to
compensate any Lender or L/C Issuer pursuant to this subsection 10.3(b) for any amounts incurred more than 180 days prior to the date that such Lender or L/C Issuer notifies the Borrower, in writing of the amounts and of such Lender’s or
L/C Issuer’s intention to claim compensation thereof; provided, further, that if the event giving rise to such increase is retroactive, then the 180-day period referred to above shall be extended to include the period of retroactive effect
thereof. 

  
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 10.4 Funding Losses. The Borrower agrees to reimburse each Lender and to hold each
Lender harmless from any loss or expense which such Lender may sustain or incur as a consequence of: 
 (a) the
failure of the Borrower to make any payment or mandatory prepayment of principal of any LIBOR Rate Loan (including payments made after any acceleration thereof); 

(b) the failure of the Borrower to make any payment or mandatory prepayment of principal of any BA Rate Loan (including
payments made after any acceleration thereof); 
 (c) the failure of the Borrower to borrow, continue or convert
a Loan after the Borrower has given (or is deemed to have given) a Notice of Borrowing, a Notice of Conversion/Continuation – BA Rate, or a Notice of Conversion/Continuation - LIBOR; 

(d) the failure of the Borrower to make any prepayment after the Borrower has given a notice in accordance with
Section 1.7; 
 (e) the prepayment (including pursuant to Section 1.8) of a BA Rate Loan
on a day which is not the last day of the BA Period with respect thereto; 
 (f) the prepayment (including
pursuant to Section 1.8) of a LIBOR Rate Loan on a day which is not the last day of the Interest Period with respect thereto; 
 (g) the conversion pursuant to Section 1.6(a) of any BA Rate Loan to a Canadian Prime Rate Loan on a day that is not the last day of the applicable BA Period; or 

(h) the conversion pursuant to Section 1.6(b) of any LIBOR Rate Loan to a U.S. Base Rate Loan on a day that is
not the last day of the applicable Interest Period; 
 including any such loss or expense arising from the liquidation or reemployment of funds
obtained by it to maintain its LIBOR Rate Loans hereunder or from fees payable to terminate the deposits from which such funds were obtained; provided that, with respect to the expenses described in clauses (d) and (e) above,
such Lender shall have notified Agent of any such expense within two (2) Business Days of the date on which such expense was incurred. Solely for purposes of calculating amounts payable by the Borrower to the Lenders under this
Section 10.4 and under subsection 10.3(a): each LIBOR Rate Loan made by a Lender (and each related reserve, special deposit or similar requirement) shall be conclusively deemed to have been funded at the LIBOR used in determining
the interest rate for such LIBOR Rate Loan by a matching deposit or other borrowing in the interbank Eurodollar market for a comparable amount and for a comparable period, whether or not such LIBOR Rate Loan is in fact so funded. 

  
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 10.5 Inability to Determine Rates. If Agent shall have determined in good faith that
for any reason adequate and reasonable means do not exist for ascertaining the LIBOR for any requested Interest Period with respect to a proposed LIBOR Rate Loan or that the LIBOR applicable pursuant to subsection 1.3(a) for any requested
Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding or maintaining such Loan, Agent will forthwith give notice of such determination to the Borrower and each Lender.
Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Loans hereunder shall be suspended until Agent revokes such notice in writing. Upon receipt of such notice, the Borrower may revoke any Notice of Borrowing or Notice of
Conversion/Continuation then submitted by it. If the Borrower does not revoke such notice, the Lenders shall make, convert or continue the Loans, as proposed by the Borrower, in the amount specified in the applicable notice submitted by the
Borrower, but such Loans shall be made, converted or continued as U.S. Base Rate Loans. 
 10.6 Reserves on LIBOR Rate
Loans. The Borrower shall pay to each Lender, as long as such Lender shall be required under regulations of the Federal Reserve Board to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency funds or
deposits (currently known as “Eurocurrency liabilities”), additional costs on the unpaid principal amount of each LIBOR Rate Loan equal to actual costs of such reserves allocated to such Loan by such Lender (as determined by such Lender in
good faith, which determination shall be conclusive absent manifest error), payable on each date on which interest is payable on such Loan provided the Borrower shall have received at least fifteen (15) days’ prior written notice (with a
copy to Agent) of such additional interest from the Lender. If a Lender fails to give notice fifteen (15) days prior to the relevant Interest Payment Date, such additional interest shall be payable fifteen (15) days from receipt of such
notice. 
 10.7 Certificates of Lenders. Any Lender claiming reimbursement or compensation pursuant to this Article
X shall deliver to the Borrower (with a copy to Agent) a certificate setting forth in reasonable detail the amount payable to such Lender hereunder and such certificate shall be conclusive and binding on the Borrower in the absence of manifest
error. 
 ARTICLE XI 
 DEFINITIONS 
 11.1 Defined Terms. The following terms are defined in
the Sections or subsections referenced opposite such terms: 
  

			
	 “Affected Lender”
	  	9.22
	 “Agent Report”
	  	8.5(c)
	 “AML Legislation”
	  	9.21
	 “Aggregate Excess Funding Amount”
	  	1.11(e)(iv)
	 “Borrower Materials”
	  	9.10(e)
	 “Borrower”
	  	Preamble
	 “Eligible Accounts”
	  	1.12
	 “Eligible Inventory”
	  	1.13
	 “Eligible WIP Inventory”
	  	1.13
	 “Event of Default”
	  	7.1
	 “Fixed Charge Coverage Ratio”
	  	6.1
	 “GE Capital”
	  	Preamble
	 “Indemnified Matters”
	  	9.6(b)

  
 83 

			
	 “Indemnitees”
	  	9.6(a)
	 “Investments”
	  	5.4
	 “Judgment Conversion Date”
	  	11.6(a)
	 “Judgment Currency”
	  	11.6(a)
	 “L/C Reimbursement Agreement”
	  	1.1(b)(i)(C)
	 “L/C Reimbursement Date”
	  	1.1(b)(v)
	 “L/C Request”
	  	1.1(b)(ii)
	 “L/C Sublimit”
	  	1.1(b)(i)(A)
	 “Lender”
	  	Preamble
	 “Letter of Credit Fee”
	  	1.9(c)
	 “Maximum Revolving Loan Balance”
	  	1.1(a)(i)
	 “MNPI”
	  	9.10(a)
	 “Notice of Conversion/Continuation – BA Rate”
	  	1.6(a)
	 “Notice of Conversion/Continuation – LIBOR”
	  	1.6(b)
	 “Obligation Currency”
	  	11.6(a)
	 “Overadvance”
	  	1.1(a)(ii)
	 “Other Lender”
	  	1.11(e)(i)
	 “Other Taxes”
	  	10.1(c)
	 “Permitted Liens”
	  	5.1
	 “Register”
	  	1.4(b)
	 “Restricted Payments”
	  	5.10
	 “Replacement Lender”
	  	9.22
	 “Revolving Loan Commitment”
	  	1.1(a)(i)
	 “Revolving Loan”
	  	1.1(a)(i)
	 “Sale”
	  	9.9(b)
	 “SCIC”
	  	1.9(d)
	 “Settlement Date”
	  	1.11(b)
	 “Tax Returns”
	  	3.10
	 “Taxes”
	  	10.1(a)
	 “Unused Commitment Fee”
	  	1.9(b)
	 “Vestar Capital Partners”
	  	1.9(d)

 In addition to the terms
defined elsewhere in this Agreement, the following terms have the following meanings: 
 “Account” means, as at any
date of determination, each and every “account” (as such term is defined in the PPSA) and of the Credit Parties, including, without limitation, the unpaid portion of the obligation of a customer of a Credit Party in respect of Inventory
purchased by and shipped to such customer and/or the rendition of services by a Credit Party, as stated on the respective invoice of a Credit Party, net of any credits, rebates or offsets owed to such customer. 

“Account Debtor” means the customer of a Credit Party who is obligated on or under an Account. 

  
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 “Acquisition” means any transaction or series of related transactions for the
purpose of or resulting, directly or indirectly, in (a) the acquisition of all or substantially all of the assets of a Person, or of any business or division of a Person, (b) the acquisition of in excess of fifty percent (50%) of the
Stock and Stock Equivalents of any Person or otherwise causing any Person to become a Subsidiary of the Borrower, or (c) an amalgamation, merger or consolidation or any other combination with another Person. 

“Affiliate” means, as to any Person, any other Person which, directly or indirectly, is in control of, is controlled by, or is
under common control with, such Person. A Person shall be deemed to control another Person if the controlling Person possesses, directly or indirectly, the power to direct or cause the direction of the management and policies of the other Person,
whether through the ownership of voting securities, by contract or otherwise. Without limitation, any director, executive officer or beneficial owner of five percent (5%) or more of the Stock (either directly or through ownership of Stock
Equivalents) of a Person shall for the purposes of this Agreement, be deemed to be an Affiliate of the other Person. Notwithstanding the foregoing, neither Agent nor any Lender shall be deemed an “Affiliate” of any Credit Party or of any
Subsidiary of any Credit Party solely by reason of the provisions of the Loan Documents. 
 “Agent” means GE Capital
in its capacity as administrative agent for the Lenders hereunder, and any successor administrative agent. 
 “Aggregate
Revolving Loan Commitment” means the combined Revolving Loan Commitments of the Lenders, which shall initially be in the amount of $17,000,000, as such amount may be reduced from time to time pursuant to this Agreement. 

“Amendment and Restatement Date” means December 15, 2010. 

“Amendment and Restatement Date Borrowing Base” means, as of the Amendment and Restatement Date, an amount equal to the sum at
such time of: 
 (a) 85% of the book value of Eligible Accounts at such time; 

(b) 60% of the book value of Eligible Inventory valued at the lower of cost or market on a first-in, first-out basis; and

 (c) the lesser of (i) 25% of the book value of Eligible WIP Inventory, and (ii) $1,000,000,

 in each case less Reserves established by Agent at such time in its Permitted Discretion. 

“Applicable Margin” means with respect to Revolving Loans: (x) if a Canadian Prime Rate Loan, 1.25 percent
(1.25%) per annum; and (y) if a BA Rate Loan or a LIBOR Rate Loan, 2.50 percent (2.50%) per annum; and (z) if a U.S. Base Rate Loan, 0.75 percent (0.75%) per annum. 

“Approved Fund” means, with respect to any Lender, any Person (other than a natural Person) that (a) (i) is or will
be engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the Ordinary Course of Business or (ii) temporarily warehouses loans for any Lender or any Person described in clause
(i) above and (b) is advised or managed by (i) such Lender, (ii) any Affiliate of such Lender or (iii) any Person (other than an individual) or any Affiliate of any Person (other than an individual) that administers or
manages such Lender. 

  
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 “Assignment” means an assignment agreement entered into by a Lender, as assignor,
and any Person, as assignee, pursuant to the terms and provisions of Section 9.9 (with the consent of any party whose consent is required by Section 9.9), accepted by Agent, substantially in the form of Exhibit 11.1(a)
or any other form approved by Agent. 
 “Availability” means, as of any date of determination, the amount by which
(a) the Maximum Revolving Loan Balance exceeds (b) the aggregate outstanding principal balance of Revolving Loans. 

“BA Period” means with respect to any BA Rate Loan, the period commencing on the Business Day such Loan is disbursed or
continued or on the Conversion Date on which a Canadian Prime Rate Loan is converted to the BA Rate Loan and ending on the date one, two, three, or six months thereafter, as selected by the Borrower in its Notice of Borrowing or Notice of
Conversion/Continuation – BA Rate; provided that: 
 (a) if any BA Period pertaining to a BA Rate Loan would
otherwise end on a day which is not a Business Day, that BA Period shall be extended to the next succeeding Business Day unless the result of such extension would be to carry such BA Period into another calendar month, in which event such Interest
Period shall end on the immediately preceding Business Day; 
 (b) any BA Period pertaining to a BA Rate Loan
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 BA Period) shall end on the last Business Day of the calendar month at the end of such
BA Period; and 
 (c) no BA Period for any Revolving Loan shall extend beyond the Revolving Termination Date.

 “BA Rate” means, in respect of any BA Period applicable to a BA Rate Loan, the highest of (a) 1.0% per
annum, (b) the rate per annum determined by Agent by reference to the average rate quoted on the Reuters Monitor Screen (Page CDOR, or such other Page as may replace such Page on such Screen on the purpose of displaying Canadian interbank bid
rates for Canadian Dollar bankers’ acceptances) applicable to Canadian Dollars bankers’ acceptances with a term comparable to such BA Period as of 10:30 a.m. (Toronto time) two (2) Business Days before the first day of such BA Period,
and (c) the rate per annum determined by Agent by reference to the average rate quoted on the Reuters Monitor Screen (Page CDOR, or such other Page as may replace such Page on such Screen on the purpose of displaying Canadian interbank bid
rates for Canadian Dollar bankers’ acceptances) applicable to Canadian Dollars bankers’ acceptances with a term of 90 days as of 10:30 a.m. (Toronto time) two (2) Business Days before the first day of such BA Period. If for any reason
the Reuters Monitor Screen rates are unavailable, BA Rate means the rate of interest determined by Agent that is equal to the arithmetic mean (rounded upwards to the nearest basis point) of the rates quoted by The Bank of Nova Scotia, Royal Bank of
Canada and Canadian Imperial Bank of Commerce in respect of Canadian Dollar bankers’ acceptances with a term comparable to such BA Period. No adjustment shall be made to account for the difference between the number of days in a year on which
the rates referred to in this definition are based and the number of days in a year on the basis of which interest is calculated in the Agreement. 

  
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 “BA Rate Loan” means a Loan that bears interest based on the BA Rate. 

“Borrowing” means a borrowing hereunder consisting of Loans made to or for the benefit of the Borrower on the same day by the
Lenders pursuant to Article I. 
 “Borrowing Base” means, as of any date of determination by Agent, from time
to time, an amount equal to the sum at such time of: 
 (a) 85% of the book value of Eligible Accounts at such
time; 
 (b) the lesser of (i) 70% of the book value of Eligible Inventory valued at the lower of cost or
market on a first-in, first-out basis, and (ii) 85% of the book value of Eligible Inventory multiplied by the NOLV Factor; and 
 (c) the lesser of (i) 25% of the book value of Eligible WIP Inventory, and (ii) $1,000,000, 
 in each case less Reserves established by Agent at such time in its Permitted Discretion. 
 “Borrowing Base Certificate” means a certificate of the Borrower, on behalf of each Credit Party (on a consolidated basis), in substantially the form of Exhibit 11.1(b) hereto, duly
completed as of a date acceptable to Agent in its sole discretion. 
 “Business Day” means any day other than a
Saturday, Sunday or other day on which banks are authorized or required by law to close in the City of Toronto, Ontario and, if the applicable Business Day relates to any LIBOR Rate Loan, a day on which dealings are carried on in the London
interbank market. 
 “Canadian Benefit Plans” means any plan, fund, program, or policy, whether oral or written,
formal or informal, funded or unfunded, insured or uninsured, providing material employee benefits, including medical, hospital care, dental, sickness, accident, disability, life insurance, pension, retirement or savings benefits, under which any
Credit Party has any liability with respect to any employee or former employee, but excluding any Canadian Pension Plans. 

“Canadian Dollars”, “Dollars” or “$” shall mean the lawful currency of Canada. 

“Canadian Pension Plans” means each pension plan required to be registered under Canadian federal or provincial law that is
maintained or contributed to by a Credit Party for its employees or former employees, but does not include the Canada Pension Plan as maintained by the Government of Canada. 

  
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 “Canadian Prime Rate” means, for any day, a rate per annum equal to the higher of
(a) the annual rate of interest last quoted in the “Report on Business” section of The Globe and Mail as being “Canadian prime”, “chartered bank prime rate” or words of similar description or, if such rate
is no longer quoted therein, any similar rate quoted therein (as determined by Agent), or (b) the BA Rate existing on such day in respect of a BA Period of 30 days plus 1.35 percent (1.35%) per annum. Any change in any interest rate
provided for in the Agreement based upon the Canadian Prime Rate shall take effect at the time of such change in the Canadian Prime Rate. No adjustments shall be made to account for the difference between the number of days in a year on which the
rates referred to in this definition are based and the number of days in a year on the basis of which interest is calculated in the Agreement. 
 “Canadian Prime Rate Loan” means a Loan that bears interest based on the Canadian Prime Rate. 
 “Capital Adequacy Regulation” means any guideline, request or directive of any central bank or other Governmental Authority, or any other law, rule or regulation, whether or not having the force
of law, in each case, regarding capital adequacy of any Lender or of any corporation controlling a Lender. 
 “Capital
Lease” means any leasing or similar arrangement which, in accordance with GAAP, is classified as a capital lease. 

“Capital Lease Obligations” means all monetary obligations of any Credit Party or any Subsidiary of any Credit Party under any
Capital Leases. 
 “Cash Equivalents” means (a) any readily-marketable securities (i) issued by, or
directly, unconditionally and fully guaranteed or insured by the Canadian or U.S. federal government or (ii) issued by any agency of the Canadian or U.S. federal government the obligations of which are fully backed by the full faith and credit
of the Canadian federal government or the U.S. federal government, as applicable, (b) any readily-marketable direct obligations issued by any other agency of the Canadian or U.S. federal government, any province, territory or state thereof or
any political subdivision of any such province, territory or state or any public instrumentality thereof, in each case having a rating of at least “A-1” from S&P or at least “P-1” from Moody’s, (c) any commercial
paper rated at least “A-1” by S&P or “P-1” by Moody’s and issued by any Person organized under the laws of Canada or any province or territory thereof or any state of the United States, (d) any
Dollar-denominated time deposit, insured certificate of deposit, overnight bank deposit or bankers’ acceptance issued or accepted by (i) any Lender or (ii) any commercial bank that is (A) organized under the laws of Canada, the
United States, any state thereof or the District of Columbia and (B) having combined capital, surplus and undivided profits in excess of $250,000,000, and (e) shares of any Canadian or United States money market fund that (i) has
substantially all of its assets invested continuously in the types of investments referred to in clause (a), (b), (c) or (d) above with maturities as set forth in the proviso below, (ii) has net assets in
excess of $500,000,000 and (iii) has obtained from either S&P or Moody’s the highest rating obtainable for money market funds in Canada or the United States; provided, however, that the maturities of all obligations specified in any of
clauses (a), (b), (c) or (d) above shall not exceed 365 days. 

  
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 “Collateral” means all Property and interests in Property and proceeds thereof now
owned or hereafter acquired by any Credit Party, any of their respective Subsidiaries and any other Person who has granted a Lien to Agent, in or upon which a Lien is granted or purported to be granted or now or hereafter exists in favour of any
Lender or Agent for the benefit of Agent, Lenders and other Secured Parties, whether under this Agreement or under any other documents executed by any such Persons and delivered to Agent. 

“Collateral Documents” means, collectively, the Guarantee and Security Agreement, each Control Agreement, and all other
security agreements, pledge agreements, patent and trademark security agreements, lease assignments, guarantees and other similar agreements, and all amendments, restatements, modifications or supplements thereof or thereto, by or between any one or
more of any Credit Party, any of their respective Subsidiaries or any other Person pledging or granting a lien on Collateral or guaranteeing the payment and performance of the Obligations, and any Lender or Agent for the benefit of Agent, the
Lenders and other Secured Parties now or hereafter delivered to the Lenders or Agent pursuant to or in connection with the transactions contemplated hereby, and all financing statements (or comparable documents now or hereafter filed in accordance
with the PPSA or comparable law) against any such Person as debtor in favour of any Lender or Agent for the benefit of Agent, the Lenders and the other Secured Parties, as secured party, as any of the foregoing may be amended, restated and/or
modified from time to time. 
 “Commitment” means, for each Lender, its Revolving Loan Commitment. 

“Commitment Percentage” means, as to any Lender, the percentage equivalent of such Lender’s Revolving Loan Commitment,
divided by the Aggregate Revolving Loan Commitment; provided, further, that following acceleration of the Loans, such term means, as to any Lender, the percentage equivalent of the principal amount of the Loans held by such Lender, divided by the
aggregate principal amount of the Loans held by all Lenders. 
 “Contingent Obligation” means, as to any Person, any
direct or indirect liability, contingent or otherwise, of that Person: (a) with respect to any Indebtedness, lease, dividend or other obligation of another Person if the primary purpose or intent of the Person incurring such liability, or the
primary effect thereof, is to provide assurance to the obligee of such liability that such liability will be paid or discharged, or that any agreements relating thereto will be complied with, or that the holders of such liability will be protected
(in whole or in part) against loss with respect thereto; (b) with respect to any letter of credit issued for the account of that Person or as to which that Person is otherwise liable for reimbursement of drawings; (c) under any Rate
Contracts; (d) to make take-or-pay or similar payments if required regardless of nonperformance by any other party or parties to an agreement; or (e) for the obligations of another Person through any agreement to purchase, repurchase or
otherwise acquire such obligation or any Property constituting security therefor, to provide funds for the payment or discharge of such obligation or to maintain the solvency, financial condition or any balance sheet item or level of income of
another Person. The amount of any Contingent Obligation shall be equal to the amount of the obligation so guaranteed or otherwise supported or, if not a fixed and determined amount, the maximum amount so guaranteed or supported. 

  
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 “Contractual Obligations” means, as to any Person, any provision of any security
issued by such Person or of any agreement, undertaking, contract, indenture, mortgage, deed of trust or other instrument, document or agreement to which such Person is a party or by which it or any of its Property is bound. 

“Control Agreement” means a tri-party deposit account, securities account or futures account control agreement by and among the
applicable Credit Party, Agent and the depository, securities intermediary or futures intermediary, and each in form and substance satisfactory to Agent and in any event providing to Agent “control” of such deposit account, securities or
futures account within the meaning of the PPSA. 
 “Conversion Date” means any date on which the Borrower converts
(i) a Canadian Prime Rate Loan to a BA Rate Loan or a BA Rate Loan to a Canadian Prime Rate Loan or (ii) a U.S. Base Rate Loan to a LIBOR Rate Loan or a LIBOR Rate Loan to a U.S. Base Rate Loan. 

“Copyrights” means all rights, title and interests (and all related IP Ancillary Rights) arising under any Requirement of Law
in or relating to copyrights and all mask work, database and design rights, whether or not registered or published, all registrations and recordations thereof and all applications in connection therewith. 

“CRA” means the Canada Revenue Agency. 
 “Credit Parties” means the Borrower and each other Person (i) which executes a guarantee of the Obligations, (ii) which grants a Lien on all or substantially all of its assets to
secure payment of the Obligations and (iii) all of the Stock of which is pledged to Agent for the benefit of the Secured Parties. For clarification, the Special Purpose Subsidiary is not a Credit Party. 

“Default” means any event or circumstance which, with the giving of notice, the lapse of time, or both, would (if not cured or
otherwise remedied during such time) constitute an Event of Default. 
 “Disposition” means (a) the sale, lease,
conveyance or other disposition of Property, other than sales or other dispositions expressly permitted under subsections 5.2(a), 5.2(c) and 5.2(d), and (b) the sale or transfer by the Borrower or any Subsidiary of the
Borrower of any Stock or Stock Equivalent issued by any Subsidiary of the Borrower and held by such transferor Person. 

“Domestic Subsidiary” means any Subsidiary organized under the laws of Canada or a province or territory thereof. 

“Electronic Transmission” means each document, instruction, authorization, file, information and any other communication
transmitted, posted or otherwise made or communicated by e-mail or E-Fax, or otherwise to or from an E-System or other equivalent service acceptable to Agent. 
 “Environmental Laws” means all present and future Requirements of Law and Permits imposing liability or standards of conduct for or relating to the regulation and protection of human health,
safety, the workplace, the environment and natural resources, and including public notification requirements and environmental transfer of ownership, notification or approval statutes. 

  
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 “Environmental Liabilities” means all Liabilities (including costs of Remedial
Actions, natural resource damages and costs and expenses of investigation and feasibility studies, including the cost of environmental consultants and the cost of legal fees) that may be imposed on, incurred by or asserted against any Credit Party
or any Subsidiary of any Credit Party as a result of, or related to, any claim, suit, action, investigation, proceeding or demand by any Person, whether based in contract, tort, implied or express warranty, strict liability, criminal or civil
statute or common law or otherwise, arising under any Environmental Law or in connection with any environmental, health or safety condition or with any Release and resulting from the ownership, lease, sublease or other operation or occupation of
property by any Credit Party or any Subsidiary of any Credit Party, whether on, prior or after the date hereof. 

“Equipment” means all “equipment,” as such term is defined in the PPSA, now owned or hereafter acquired by any Credit
Party, wherever located. 
 “Equivalent Amount” means, on any date of determination, with respect to obligations or
valuations denominated in one currency (the “first currency”), the amount of another currency (the “second currency”) which would result from the Agent converting the first currency into the second currency at approximately 12:00
noon (Toronto time) on such day in accordance with Agent’s customary practice for commercial loans being administered by it or at such other rate as may have been agreed in writing between Borrower and Agent. 

“Event of Loss” means, with respect to any Property, any of the following: (a) any loss, destruction or damage of such
Property; (b) any pending or threatened institution of any proceedings for the condemnation or seizure of such Property or for the exercise of any right of eminent domain; or (c) any actual condemnation, seizure or taking, by exercise of
the power of eminent domain or otherwise, of such Property, or confiscation of such Property or the requisition of the use of such Property. 
 “Excluded Equity Issuance” means Net Issuance Proceeds resulting from the issuance of (a) Stock or Stock Equivalents by a Wholly-Owned Subsidiary of the Borrower to the Borrower or another
Wholly-Owned Subsidiary of the Borrower constituting an Investment permitted hereunder, and (b) Stock or Stock Equivalents by a Foreign Subsidiary to qualify directors where required pursuant to a Requirement of Law or to satisfy other
requirements of applicable law, in each instance, with respect to the ownership of Stock of Foreign Subsidiaries. 

“Excluded Tax” means with respect to any Secured Party (a) taxes measured by net income (including branch profits taxes)
and franchise taxes imposed in lieu of net income taxes, in each case imposed on any Secured Party as a result of a present or former connection between such Secured Party and the jurisdiction of the Governmental Authority imposing such tax or any
political subdivision or taxing authority thereof or therein (other than such connection arising solely from any Secured Party having executed, delivered or performed its obligations or received a payment under, or enforced, any Loan Document) and
(b) withholding taxes to the extent that the obligation to withhold amounts existed on the date that such Person became a “Secured Party” under this Agreement in the capacity under which such Person makes a claim under
Section 10.1(b) or designates a new Lending Office, except in each case to the extent such Person is a direct or indirect assignee (other than pursuant to Section 9.22) of any other Secured Party that was entitled, at the
time the assignment to such Person became effective, to receive additional amounts under Section 10.1(b). 

  
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 “E-Fax” means any system used to receive or transmit faxes electronically.

 “E-Signature” means the process of attaching to or logically associating with an Electronic Transmission an
electronic symbol, encryption, digital signature or process (including the name or an abbreviation of the name of the party transmitting the Electronic Transmission) with the intent to sign, authenticate or accept such Electronic Transmission.

 “E-System” means any electronic system approved by Agent, including Intralinks® and ClearPar® and any other Internet or extranet-based site, whether such electronic system is owned, operated or hosted by Agent, any of its Related Persons or any other Person,
providing for access to data protected by passcodes or other security system. 
 “Federal Funds Rate” means, for any
day, the rate per annum equal to the weighted average of the rates on overnight Federal Funds transactions with members of the Federal Reserve System arranged by Federal Funds brokers on such day, as published by the Federal Reserve Bank of New York
on the Business Day next succeeding such day, provided that if no such rate is so published on such next succeeding Business Day, the Federal Funds Rate for such day shall be the average rate quoted to Agent on such day on such transactions as
determined by Agent in a commercially reasonable manner. 
 “Federal Reserve Board” means the Board of Governors of
the Federal Reserve System, or any entity succeeding to any of its principal functions. 
 “Final Availability Date”
means the earlier of the Revolving Termination Date and one (1) Business Day prior to the date specified in clause (a) of the definition of Revolving Termination Date. 

“First Tier Foreign Subsidiary” means a Foreign Subsidiary held directly by a Credit Party or indirectly by a Credit Party
through one or more Domestic Subsidiaries. 
 “Fiscal Month” means each period of four weeks (or five weeks for the
last Fiscal Month of each Fiscal Quarter), commencing on the first day of a Fiscal Year; provided that, in 2012 (which is a Fiscal Year consisting of a 53-week period), one of the Fiscal Months will be extended by one week, as determined by the
Borrower and communicated to Agent. 
 “Fiscal Quarter” means each period of thirteen weeks (or fourteen weeks for the
last Fiscal Quarter of any Fiscal Year consisting of a 53-week period), commencing on the first day of a Fiscal Year. 

“Fiscal Year” means the fiscal year of the Borrower and any Subsidiaries for accounting and tax purposes, consisting of the
52-week or 53-week period ending on the last Sunday in December of each year. 

  
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 “Foreign Subsidiary” means, with respect to any Person, a Subsidiary of such
Person that is not organized under the laws of Canada or a province or territory thereof. 
 “GAAP” means, in relation
to any Person at any time, (a) until such time as such Person adopts the Accounting Standards for Private Enterprises, accounting principles generally accepted in Canada as recommended in the Handbook of the Canadian Institute of Chartered
Accountants or its successor, applied on a basis consistent with the most recent audited financial statements of such Person (except for changes approved by the auditors of such Person), and (b) after such time as such Person adopts the
Accounting Standards for Private Enterprises, such Accounting Standards for Private Enterprises. 
 “Governmental
Authority” means any nation or government, any province, territory, state or other political subdivision thereof, any central bank (or similar monetary or regulatory authority) thereof, any entity exercising executive, legislative, judicial,
regulatory or administrative functions of or pertaining to government, and any corporation or other entity owned or controlled, through stock or capital ownership or otherwise, by any of the foregoing. 

“Guarantee and Security Agreement” means that certain amended and restated guarantee and security agreement dated the date
hereof, in form and substance reasonably acceptable to Agent and the Borrower, made by the Credit Parties in favour of Agent, for the benefit of the Secured Parties, as the same may be amended, restated and/or modified from time to time. 

“Hazardous Materials” means any substance, material or waste that is regulated or otherwise gives rise to liability under any
Environmental Law, including but not limited to any “hazardous waste”, any “hazardous substance”, any contaminant, pollutant, petroleum or any fraction thereof, asbestos, asbestos containing material, polychlorinated biphenyls,
mold, and radioactive substances or any other substance that is toxic, ignitable, reactive, corrosive, caustic, or dangerous. 

“Impacted Lender” means any Lender that fails to provide Agent, within three (3) Business Days following Agent’s
written request, satisfactory assurance that such Lender will not become a Non-Funding Lender. 
 “Indebtedness” of
any Person means, without duplication: (a) all indebtedness for borrowed money; (b) all obligations issued, undertaken or assumed as the deferred purchase price of Property or services (other than trade payables entered into in the
Ordinary Course of Business); (c) the face amount of all letters of credit issued for the account of such Person and without duplication, all drafts drawn thereunder and all reimbursement or payment obligations with respect to letters of
credit, surety bonds and other similar instruments issued by such Person; (d) all obligations evidenced by notes, bonds, debentures or similar instruments, including obligations so evidenced incurred in connection with the acquisition of
Property, assets or businesses; (e) all indebtedness created or arising under any conditional sale or other title retention agreement, or incurred as financing, in either case with respect to Property acquired by the Person (even though the
rights and remedies of the seller or bank under such agreement in the event of default are limited to repossession or sale of such Property); (f) all Capital Lease Obligations; (g) the principal balance outstanding under any synthetic
lease, off-balance sheet loan or similar off balance sheet financing product; (h) all obligations, whether or not contingent, to purchase, redeem, retire, defease or otherwise acquire for value any of its own Stock or Stock Equivalents (or any
Stock or Stock Equivalent of a direct or indirect parent entity thereof), valued at, in the case of redeemable preferred Stock, the greater of the voluntary liquidation preference and the involuntary liquidation preference of such Stock plus accrued
and unpaid dividends; (i) all indebtedness referred to in clauses (a) through (h) above secured by (or for which the holder of such Indebtedness has an existing right, contingent or otherwise, to be secured by) any Lien
upon or in Property (including accounts and contracts rights) owned by such Person, even though such Person has not assumed or become liable for the payment of such indebtedness; and (j) all Contingent Obligations described in clause
(a) of the definition thereof in respect of indebtedness or obligations of others of the kinds referred to in clauses (a) through (i) above. 

  
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 “Insolvency Laws” means any of the Bankruptcy and Insolvency Act (Canada), the
Companies’ Creditors Arrangement Act (Canada), the Winding-Up and Restructuring Act (Canada), each as now and hereafter in effect, any successors to such statutes and any other applicable insolvency or other similar law of any jurisdiction,
including any law of any jurisdiction permitting a debtor to obtain a stay or a compromise of the claims of its creditors against it. 
 “Insolvency Proceeding” means (a) any case, action or proceeding (including the filing of any notice of intention in respect thereof) before any court or other Governmental Authority
relating to bankruptcy, reorganization, insolvency, liquidation, receivership, dissolution, winding-up, relief of debtors, suspension of general operations or similar arrangement, or (b) any general assignment for the benefit of creditors,
composition, marshaling of assets for creditors, or other, similar arrangement in respect of its creditors generally or any substantial portion of its creditors; in each case in (a) and (b) above, undertaken under any Insolvency Laws, any
corporate laws or any other applicable law. 
 “Intellectual Property” means all rights, title and interests in or
relating to intellectual property and industrial property arising under any Requirement of Law and all IP Ancillary Rights relating thereto, including all Copyrights, Patents, Trademarks, Internet Domain Names, Trade Secrets and IP Licenses.

 “Interest Payment Date” means, (a) with respect to any BA Rate Loan, the last day of each BA Period applicable
to such Loan, (b) with respect to any LIBOR Rate Loan (other than a LIBOR Rate Loan having an Interest Period of six (6) months) the last day of each Interest Period applicable to such Loan, (c) with respect to any LIBOR Rate Loan
having an Interest Period of six (6) months, the last day of each three (3) month interval and, without duplication, the last day of such Interest Period, (d) with respect to Canadian Prime Rate Loans the first day of each month, and
(e) with respect to U.S. Base Rate Loans the first day of each month. 

  
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 “Interest Period” means, with respect to any LIBOR Rate Loan, the period
commencing on the Business Day such Loan is disbursed or continued or on the Conversion Date on which a U.S. Base Rate Loan is converted to a LIBOR Rate Loan and ending on the date one, two, three, or six months thereafter, as selected by the
Borrower in its Notice of Borrowing or Notice of Conversion/Continuation – LIBOR Rate; provided that: 
 (a) if any
Interest Period pertaining to a LIBOR Rate Loan would otherwise end on a day which is not a Business Day, that 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; 

(b) any Interest Period pertaining to a LIBOR Rate Loan or a BA Rate Loan that begins on the last Business Day of a calendar month (or on
a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of the calendar month at the end of such Interest Period; and 

(c) no Interest Period for any Revolving Loan shall extend beyond the Revolving Termination Date. 

“Internet Domain Name” means all right, title and interest (and all related IP Ancillary Rights) arising under any Requirement
of Law in or relating to internet domain names. 
 “Inventory” means all of the “inventory” (as such term is
defined in the PPSA) of the Credit Parties, including, but not limited to, all merchandise, raw materials, parts, supplies, work-in-process and finished goods intended for sale, together with all the containers, packing, packaging, shipping and
similar materials related thereto, and including such inventory as is temporarily out of a Credit Party’s custody or possession, including inventory on the premises of others and items in transit. 

“IP Ancillary Rights” means, with respect to any other Intellectual Property, as applicable, all foreign counterparts to, and
all divisionals, reversions, continuations, continuations-in-part, reissues, reexaminations, renewals and extensions of, such Intellectual Property and all income, royalties, proceeds and Liabilities at any time due or payable or asserted under or
with respect to any of the foregoing or otherwise with respect to such Intellectual Property, including all rights to sue or recover at law or in equity for any past, present or future infringement, misappropriation, dilution, violation or other
impairment thereof, and, in each case, all rights to obtain any other IP Ancillary Right. 
 “IP License” means all
Contractual Obligations (and all related IP Ancillary Rights), whether written or oral, granting any right, title and interest in or relating to any Intellectual Property. 
 “Issue” means, with respect to any Letter of Credit, to issue, extend the expiration date of, renew (including by failure to object to any automatic renewal on the last day such objection is
permitted), increase the face amount of, or reduce or eliminate any scheduled decrease in the face amount of, such Letter of Credit, or to cause any Person to do any of the foregoing. The terms “Issued” and “Issuance” have
correlative meanings. 
 “ITA” means the Income Tax Act (Canada). 

  
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 “L/C Issuer” means any Lender or an Affiliate thereof or a bank or other legally
authorized Person, in each case, reasonably acceptable to Agent, in such Person’s capacity as an issuer of Letters of Credit hereunder. 
 “L/C Reimbursement Obligation” means, for any Letter of Credit, the obligation of the Borrower to the L/C Issuer thereof or to Agent, as and when matured, to pay all amounts drawn under such
Letter of Credit. 
 “Legal Costs” means and includes all reasonable fees and disbursements of any law firm or other
external counsel. 
 “Lending Office” means, with respect to any Lender, the office or offices of such Lender set out
beneath its name on the applicable signature page hereto, or such other office or offices of such Lender as it may from time to time notify the Borrower and Agent. 
 “Letter of Credit” means documentary or standby letters of credit issued for the account of the Borrower by L/C Issuers, for which Agent and Lenders have incurred Letter of Credit Obligations.

 “Letter of Credit Obligations” means all outstanding obligations incurred by Agent and Lenders at the request of
the Borrower or the Borrower, whether direct or indirect, contingent or otherwise, due or not due, in connection with the issuance of Letters of Credit by L/C Issuers or the purchase of a participation as set forth in subsection 1.1(b) with
respect to any Letter of Credit. The amount of such Letter of Credit Obligations shall equal the maximum amount that may be payable by Agent and Lenders thereupon or pursuant thereto. 

“Liabilities” means all claims, actions, suits, judgments, damages, losses, liability, obligations, responsibilities, fines,
penalties, sanctions, costs, fees, taxes, commissions, charges, disbursements and expenses, in each case of any kind or nature (including interest accrued thereon or as a result thereto and fees, charges and disbursements of financial, legal and
other advisors and consultants), whether joint or several, whether or not indirect, contingent, consequential, actual, punitive, treble or otherwise. 
 “LIBOR” means, for each Interest Period, the highest of (a) one percent (1.0%) per annum, (b) the offered rate per annum for deposits of U.S. Dollars for the applicable Interest
Period that appears on Reuters Screen LIBOR 01 Page as of 11:00 A.M. (London, England time) two (2) Business Days prior to the first day in such Interest Period and (c) the offered rate per annum for deposits of U.S. Dollars for an
Interest Period of three (3) months that appears on Reuters Screen LIBOR 01 Page as of 11:00 A.M. (London, England time) two (2) Business Days prior to the first day of the applicable Interest Period. If no such offered rate exists, such
rate will be the rate of interest per annum, as determined by Agent at which deposits of U.S. Dollars in immediately available funds are offered at 11:00 A.M. (London, England time) two (2) Business Days prior to the first day in such Interest
Period by major financial institutions reasonably satisfactory to Agent in the London interbank market for such Interest Period for the applicable principal amount on such date of determination. 

“LIBOR Rate Loan” means a Loan that bears interest based on LIBOR. 

  
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 “Lien” means any mortgage, deed of trust, pledge, hypothecation, assignment,
charge or deposit arrangement, encumbrance, lien (statutory or otherwise) or preference, priority or other security interest or preferential arrangement of any kind or nature whatsoever (including those created by, arising under or evidenced by any
conditional sale or other title retention agreement, the interest of a lessor under a Capital Lease, any financing lease having substantially the same economic effect as any of the foregoing, or the filing of any financing statement naming the owner
of the asset to which such lien relates as debtor, under the PPSA or any comparable law) and any contingent or other agreement to provide any of the foregoing, but not including the interest of a lessor under a lease which is not a Capital Lease.

 “Loan” means an extension of credit by a Lender to the Borrower pursuant to Article I, and may be a Canadian
Prime Rate Loan, a U.S. Base Rate Loan, a BA Rate Loan or a LIBOR Rate Loan. 
 “Loan Documents” means this Agreement,
the Notes, the Collateral Documents and all other documents delivered to Agent and/or any Lender in connection with any of the foregoing. 
 “Material Adverse Effect” means: (a) a material adverse change in, or a material adverse effect upon, the operations, business, Properties, condition (financial or otherwise) or prospects
of any Credit Party or the Credit Parties and their Subsidiaries taken as a whole; (b) a material impairment of the ability of any Credit Party, any Subsidiary of any Credit Party or any other Person (other than Agent or Lenders) to perform in
any material respect its obligations under any Loan Document; or (c) a material adverse effect upon (i) the legality, validity, binding effect or enforceability of any Loan Document, or (ii) the perfection or priority of any Lien
granted to the Lenders or to Agent for the benefit of the Secured Parties under any of the Collateral Documents. 

“Material Environmental Liabilities” means Environmental Liabilities exceeding $200,000 in the aggregate. 

“Net Issuance Proceeds” means, in respect of any issuance of debt or equity, cash proceeds (including cash proceeds as and when
received in respect of non-cash proceeds received or receivable in connection with such issuance), net of underwriting discounts and reasonable out-of-pocket costs and expenses paid or incurred in connection therewith in favour of any Person not an
Affiliate of the Borrower. 
 “Net Orderly Liquidation Value” means the cash proceeds of Inventory, which could be
obtained in an orderly liquidation (net of all liquidation expenses, costs of sale, operating expenses and retrieval and related costs), as determined pursuant to the most recent third-party appraisal of such Inventory delivered to Agent by an
appraiser reasonably acceptable to Agent. 
 “Net Proceeds” means proceeds in cash, cheques or other cash equivalent
financial instruments (including Cash Equivalents) as and when received by the Person making a Disposition and insurance proceeds and expropriation, condemnation and similar awards received on account of an Event of Loss, net of: (a) in the
event of a Disposition (i) the direct costs relating to such Disposition excluding amounts payable to the Borrower or any Affiliate of the Borrower, (ii) sale, use or other transaction taxes paid or payable as a result thereof, and
(iii) amounts required to be applied to repay principal, interest and prepayment premiums and penalties on Indebtedness secured by a Lien on the asset which is the subject of such Disposition and (b) in the event of an Event of Loss,
(i) so long as no Default or Event of Default has occurred and is continuing, all money actually applied to repair or reconstruct the damaged Property or Property affected by the condemnation or taking, (ii) all of the costs and expenses
reasonably incurred in connection with the collection of such proceeds, award or other payments, and (iii) any amounts retained by or paid to parties having superior rights to such proceeds, awards or other payments. 

  
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 “NOLV Factor” means, as of the date of the appraisal of Inventory most recently
received by Agent, the quotient of the Net Orderly Liquidation Value of Inventory divided by the book value of Inventory, expressed as a percentage. The NOLV Factor will be increased or reduced promptly upon receipt by Agent of each updated
appraisal. 
 “Non-Funding Lender” means any Lender that has (a) failed to fund any payments required to be made
by it under the Loan Documents within two (2) Business Days after any such payment is due (excluding expense and similar reimbursements that are subject to good faith disputes), (b) given written notice (and Agent has not received a
revocation in writing), to the Borrower, Agent, any Lender, or the L/C Issuer or has otherwise publicly announced (and Agent has not received notice of a public retraction) that such Lender believes it will fail to fund payments or purchases of
participations required to be funded by it under the Loan Documents or one or more other syndicated credit facilities, (c) failed to fund (and not cured such failure) loans, participations, advances, or reimbursement obligations under one or
more other syndicated credit facilities, unless subject to a good faith dispute, or (d) (i) become subject to a voluntary or involuntary case under any bankruptcy laws, (ii) a custodian, conservator, receiver or similar official
appointed for it or any substantial part of such Person’s assets, or (iii) made a general assignment for the benefit of creditors, been liquidated, or otherwise been adjudicated as, or determined by any Governmental Authority having
regulatory authority over such Person or its assets to be, insolvent or bankrupt, and for clause (d), and Agent has determined that such Lender is reasonably likely to fail to fund any payments required to be made by it under the Loan
Documents. 
 “Note” means any Revolving Note and “Notes” means all such Notes. 

“Notice of Borrowing” means a notice given by the Borrower to Agent pursuant to Section 1.5, in substantially the
form of Exhibit 11.1(c) hereto. 
 “Obligations” means all Loans, and other Indebtedness, advances, debts,
liabilities, obligations, covenants and duties owing by any Credit Party to any Lender, Agent, any L/C Issuer or any other Person required to be indemnified, that arises under any Loan Document, whether or not for the payment of money, whether
arising by reason of an extension of credit, loan, guarantee, indemnification or in any other manner, whether direct or indirect (including those acquired by assignment), absolute or contingent, due or to become due, now existing or hereafter
arising and however acquired. 
 “Ordinary Course of Business” means, in respect of any transaction involving any
Person, the ordinary course of such Person’s business, as conducted by any such Person in accordance with past practice and undertaken by such Person in good faith and not for purposes of evading any covenant or restriction in any Loan
Document. 

  
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 “Organization Documents” means, (a) for any corporation, the certificate and
articles of incorporation, amalgamation or continuation, as applicable, the bylaws, any unanimous shareholders agreement or unanimous shareholder declaration, (b) for any partnership, the partnership agreement and, if applicable, certificate of
limited partnership, (c) for any limited liability company, the operating agreement and articles or certificate of formation or (d) any other document setting forth the manner of election or duties of the officers, directors, managers or
other similar persons, or the designation, amount or relative rights, limitations and preference of the Stock of a Person. 

“Patents” means all rights, title and interests (and all related IP Ancillary Rights) arising under any Requirement of Law in
or relating to letters patent and applications therefor. 
 “Permits” means, with respect to any Person, any permit,
approval, authorization, license, registration, certificate, concession, grant, franchise, variance or permission from, and any other Contractual Obligations with, any Governmental Authority, in each case whether or not having the force of law and
applicable to or binding upon such Person or any of its property or to which such Person or any of its property is subject. 

“Permitted Discretion” means a determination made in good faith and in the exercise of reasonable (from the perspective of a
secured asset-based lender) business judgment. 
 “Permitted Refinancing” means Indebtedness constituting a
refinancing or extension of Indebtedness permitted under subsection 5.5(c) or 5.5(d) that (a) has an aggregate outstanding principal amount not greater than the aggregate principal amount of the Indebtedness being refinanced or
extended, (b) has a weighted average maturity (measured as of the date of such refinancing or extension) and maturity no shorter than that of the Indebtedness being refinanced or extended, (c) is not entered into as part of a sale
leaseback transaction, (d) is not secured by a Lien on any assets other than the collateral securing the Indebtedness being refinanced or extended, (e) the obligors of which are the same as the obligors of the Indebtedness being refinanced
or extended and (f) is otherwise on terms no less favourable to the Credit Parties, taken as a whole, than those of the Indebtedness being refinanced or extended. 
 “Person” means an individual, partnership, corporation, limited liability company, business trust, joint stock company, trust, unincorporated association, joint venture or Governmental
Authority. 
 “Pledged Collateral” has the meaning specified in the Guarantee and Security Agreement and shall include
any other Collateral required to be delivered to Agent pursuant to the terms of any Collateral Document. 
 “PPSA”
means the Personal Property Security Act (Ontario) and the Regulations thereunder, as from time to time in effect, provided, however, if attachment, perfection or priority of Agent’s security interests in any Collateral are governed by
the personal property security laws of any jurisdiction other than Ontario, PPSA shall mean those personal property security laws in such other jurisdiction for the purposes of the provisions hereof relating to such attachment, perfection or
priority and for the definitions related to such provisions. 

  
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 “Prime Rate Loan” means a Canadian Prime Rate Loan or a U.S. Base Rate Loan, as
applicable. 
 “Prior Claims” means all Liens created by applicable law (in contrast with Liens voluntarily granted)
which rank or are capable of ranking prior or pari passu with Agent’s security interests (or interests similar thereto under applicable law) against all or part of the Collateral, including for amounts owing for employee source deductions,
goods and services taxes, sales taxes, harmonized sales taxes, municipal taxes, workers’ compensation, pension fund obligations, Wage Earner Protection Program Act obligations and overdue rents. 

“Property” means any interest in any kind of personal (movable) property or asset, whether tangible or intangible, but not any
real (immovable) property. 
 “Rate Contracts” means swap agreements and any other agreements or arrangements designed
to provide protection against fluctuations in interest or currency exchange rates. 
 “Real Estate” means any real
estate owned, leased, subleased or otherwise operated or occupied by any Credit Party or any Subsidiary of any Credit Party. 

“Related Persons” means, with respect to any Person, each Affiliate of such Person and each director, officer, employee, agent,
trustee, representative, legal counsel, accountant and each insurance, environmental, legal, financial and other advisor (including those retained in connection with the satisfaction or attempted satisfaction of any condition set forth in Article
II) and other consultants and agents of or to such Person or any of its Affiliates. 
 “Releases” means any
release, threatened release, spill, emission, leaking, pumping, pouring, emitting, emptying, escape, injection, deposit, disposal, discharge, dispersal, dumping, leaching or migration of Hazardous Material into or through the environment.

 “Remedial Action” means all actions required to (a) clean up, remove, treat or in any other way address any
Hazardous Material in the indoor or outdoor environment, (b) prevent or minimize any Release so that a Hazardous Material does not migrate or endanger or threaten to endanger public health or welfare or the indoor or outdoor environment or
(c) perform pre remedial studies and investigations and post-remedial monitoring and care with respect to any Hazardous Material. 
 “Required Lenders” means at any time (a) Lenders then holding at least sixty six and two-thirds percent (66-2/3%) of the sum of the Aggregate Revolving Loan Commitment then in effect,
or (b) if the Aggregate Revolving Loan Commitments have terminated, Lenders then holding at least sixty six and two-thirds percent (66-2/3%) of the sum of the aggregate unpaid principal amount of Loans then outstanding and outstanding Letter of
Credit Obligations. 
 “Requirement of Law” means, as to any Person, any law (statutory or common), ordinance, treaty,
rule, regulation, order, policy, other legal requirement or determination of an arbitrator or of a 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. 

  
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 “Reserves” means, with respect to the Borrowing Base (a) reserves established
by Agent from time to time against Eligible Accounts pursuant to Section 1.12 and Eligible Inventory pursuant to Section 1.13, and (b) such other reserves (including on account of Prior Claims) against Eligible Accounts,
Eligible Inventory, or Availability that Agent may, in its Permitted Discretion, establish from time to time. Without limiting the generality of the foregoing, Reserves established to ensure the payment of accrued interest expenses or Indebtedness
shall be deemed to be an exercise of Agent’s Permitted Discretion. 
 “Responsible Officer” means the chief
executive officer or the president of the Borrower or any other officer having substantially the same authority and responsibility; or, with respect to compliance with financial covenants or delivery of financial information, the chief financial
officer or the treasurer of the Borrower or any other officer having substantially the same authority and responsibility. 

“Revolving Lender” means each Lender with a Revolving Loan Commitment (or if the Revolving Loan Commitments have terminated,
who hold Revolving Loans. 
 “Revolving Note” means a promissory note of the Borrower payable to a Lender in
substantially the form of Exhibit 11.1(d) hereto, evidencing Indebtedness of the Borrower under the Revolving Loan Commitment of such Lender. 
 “Revolving Termination Date” means the earlier to occur of: (a) December 15, 2013; and (b) the date on which the Aggregate Revolving Loan Commitment shall terminate in accordance
with the provisions of this Agreement. 
 “Secured Party” means Agent, each Lender, each L/C Issuer, each other
Indemnitee and each other holder of any Obligation of a Credit Party. 
 “Software” means (a) all computer
programs, including source code and object code versions, (b) all data, databases and compilations of data, whether machine readable or otherwise, and (c) all documentation, training materials and configurations related to any of the
foregoing. 
 “Solvent” means, with respect to: 

(a) the Borrower, any Domestic Subsidiary as of any date of determination, that, as of such date: 

 

	 	(i)	is able to meet its obligations as they generally become due, 

  

	 	(ii)	has not ceased paying its current obligations in the ordinary course of business as they generally become due, and 

 

	 	(iii)	the aggregate of whose property is, at a fair valuation, sufficient, or, if disposed of at a fairly conducted sale under legal process, would be sufficient to enable
payment of all its obligations, due and accruing due; and 

  
 101

 (b) any Foreign Subsidiary as of any date of determination, that, as of such date,

  

	 	(i)	the value of its assets (both at fair value and present fair saleable value) is greater than the total amount of its liabilities (including contingent and unliquidated
liabilities), 

  

	 	(ii)	is able to pay all of its liabilities as such liabilities mature, and 

  

	 	(iii)	does not have unreasonably small capital. 

 In computing the amount of contingent or unliquidated liabilities at any time, such liabilities shall be computed at the amount that, in light of all the facts and circumstances existing at such time,
represents the amount that can reasonably be expected to become an actual or matured liability. 
 “Special Purpose
Subsidiary” means Solo Cup Finance Limited, a company organized under the laws of England and Wales, all of the voting stock of which is held by the Borrower and which carries on no business and has no liabilities. 

“SPV” means any special purpose funding vehicle identified as such in a writing by any Lender to Agent. 

“Stock” means all shares of capital stock (whether denominated as common stock or preferred stock), equity interests,
beneficial, partnership or membership interests, joint venture interests, participations or other ownership or profit interests in or equivalents (regardless of how designated) of or in a Person (other than an individual), whether voting or
non-voting. 
 “Stock Equivalents” means all securities convertible into or exchangeable for Stock or any other Stock
Equivalent and all warrants, options or other rights to purchase, subscribe for or otherwise acquire any Stock or any other Stock Equivalent, whether or not presently convertible, exchangeable or exercisable. 

“Subordinated Indebtedness” means Indebtedness of any Credit Party or any Subsidiary of any Credit Party which is subordinated
to the Obligations as to right and time of payment and as to other rights and remedies thereunder and having such other terms as are, in each case, reasonably satisfactory to Agent. 

“Subsidiary” of a Person means any corporation, association, limited liability company, partnership, joint venture or other
business entity of which more than fifty percent (50%) of the voting Stock, is owned or controlled directly or indirectly by the Person, or one or more of the Subsidiaries of the Person, or a combination thereof, except that the Special Purpose
Subsidiary shall not be considered a Subsidiary for the purposes of this Agreement. 

  
 102

 “Tax Affiliate” means, (a) the Borrower and its Subsidiaries and (b) any
Affiliate of the Borrower with which such Borrower files or is required to file tax returns on a consolidated, combined, unitary or similar group basis. 
 “Trade Secrets” means all right, title and interest (and all related IP Ancillary Rights) arising under any Requirement of Law in or relating to trade secrets. 

“Trademark” means all rights, title and interests (and all related IP Ancillary Rights) arising under any Requirement of Law in
or relating to trademarks, trade names, corporate names, company names, business names, fictitious business names, trade styles, service marks, logos and other source or business identifiers and, in each case, all goodwill associated therewith, all
registrations and recordations thereof and all applications in connection therewith. 
 “United States” and
“U.S.” each means the United States of America. 
 “U.S. Base Rate” means, for any day, a rate per annum
equal to the highest of (a) the rate last quoted by The Wall Street Journal as the “Prime Rate” in the United States or, if The Wall Street Journal ceases to quote such rate, the highest per annum interest rate published
by the Federal Reserve Board in Federal Reserve Statistical Release H.15 (519) (Selected Interest Rates) as the “bank prime loan” rate or, if such rate is no longer quoted therein, any similar rate quoted therein (as determined by
Agent) or any similar release by the Federal Reserve Board (as determined by Agent), (b) the sum of 0.50% per annum and the Federal Funds Rate, and (c) the sum of (x) LIBOR calculated for each such day based on an Interest Period
of three months determined two (2) Business Days prior to such day (but for the avoidance of doubt, not less than one percent (1.00%) per annum), plus (y) the excess of the Applicable Margin for LIBOR Rate Loans over the Applicable
Margin for U.S. Base Rate Loans, in each instance, as of such day. Any change in the U.S. Base Rate due to a change in any of the foregoing shall be effective on the effective date of such change in the Federal Funds Rate or LIBOR for an Interest
Period of three months. 
 “U.S. Base Rate Loan” means a Loan that bears interest based on the U.S. Base Rate.

 “U.S. Dollars” means lawful money of the United States of America. 

“Wholly-Owned Subsidiary” means any Subsidiary in which (other than directors’ qualifying shares required by law) one
hundred percent (100%) of the Stock and Stock Equivalents, at the time as of which any determination is being made, is owned, beneficially and of record, by any Credit Party, or by one or more of the other Wholly-Owned Subsidiaries, or both.

 11.2 Other Interpretive Provisions. 

(a) Defined Terms. Unless otherwise specified herein or therein, all terms defined in this Agreement or in any
other Loan Document shall have the defined meanings when used in any certificate or other document made or delivered pursuant hereto. The meanings of defined terms shall be equally applicable to the singular and plural forms of the defined terms.
Terms (including uncapitalized terms) not otherwise defined herein and that are defined in the PSPA shall have the meanings therein described. 

  
 103

 (b) The Agreement. The words “hereof”, “herein”,
“hereunder” and words of similar import when used in this Agreement or any other Loan Document shall refer to this Agreement or such other Loan Document as a whole and not to any particular provision of this Agreement or such other Loan
Document; and subsection, section, schedule and exhibit references are to this Agreement or such other Loan Documents unless otherwise specified. 
 (c) Certain Common Terms. The term “documents” includes any and all instruments, documents, agreements, certificates, indentures, notices and other writings, however evidenced. The term
“including” is not limiting and means “including without limitation.” 
 (d) Performance;
Time. Whenever any performance obligation hereunder or under any other Loan Document (other than a payment obligation) shall be stated to be due or required to be satisfied on a day other than a Business Day, such performance shall be made or
satisfied on the next succeeding Business Day. In the computation of periods of time from a specified date to a later specified date, the word “from” means “from and including”; the words “to” and “until” each
mean “to but excluding”, and the word “through” means “to and including.” If any provision of this Agreement or any other Loan Document refers to any action taken or to be taken by any Person, or which such Person is
prohibited from taking, such provision shall be interpreted to encompass any and all means, direct or indirect, of taking, or not taking, such action. 
 (e) Contracts. Unless otherwise expressly provided herein or in any other Loan Document, references to agreements and other contractual instruments, including this Agreement and the other Loan
Documents, shall be deemed to include all subsequent amendments, thereto, restatements and substitutions thereof and other modifications and supplements thereto which are in effect from time to time, but only to the extent such amendments and other
modifications are not prohibited by the terms of any Loan Document. 
 (f) Laws. References to any statute
or regulation are to be construed as including all statutory and regulatory provisions related thereto or consolidating, amending, replacing, supplementing or interpreting the statute or regulation. 

11.3 Accounting Terms and Principles. All accounting determinations required to be made pursuant hereto shall, unless expressly
otherwise provided herein, be made in accordance with GAAP. No change in the accounting principles used in the preparation of any financial statement hereafter adopted by the Borrower shall be given effect for purposes of measuring compliance with
any provision of Article V or VI unless the Borrower, Agent and the Required Lenders agree to modify such provisions to reflect such changes in GAAP and, unless such provisions are modified, all financial statements, Compliance
Certificates and similar documents provided hereunder shall be provided together with a reconciliation between the calculations and amounts set forth therein before and after giving effect to such change in GAAP. A breach of a financial covenant
contained in Article VI shall be deemed to have occurred as of any date of determination by Agent or as of the last day of any specified measurement period, regardless of when the financial statements reflecting such breach are delivered to
Agent. Upon the adoption by the Borrower of International Financial Reporting Standards, or in the event of a change in GAAP, Borrower and Agent shall negotiate in good faith to revise (if appropriate) such ratios and covenants to give effect to the
intention of the parties under this Agreement as at the Amendment and Restatement Date, and any new financial ratio or financial covenant shall be subject to approval by the Requisite Lenders. Until the successful conclusion of any such negotiation
and approval by the Requisite Lenders, all calculations made for the purpose of determining compliance with the financial ratios and financial covenants contained herein shall be made on a basis consistent with GAAP in existence as at the Amendment
and Restatement Date. 

  
 104

 11.4 Payments. Agent may set up standards and procedures to determine or redetermine
the equivalent in Dollars of any amount expressed in any currency other than Dollars and otherwise may, but shall not be obligated to, rely on any determination made by any Credit Party or any L/C Issuer. Any such determination or redetermination by
Agent shall be conclusive and binding for all purposes, absent manifest error. No determination or redetermination by any Secured Party or any Credit Party and no other currency conversion shall change or release any obligation of any Credit Party
or of any Secured Party (other than Agent and its Related Persons) under any Loan Document, each of which agrees to pay separately for any shortfall remaining after any conversion and payment of the amount as converted. Agent may round up or down,
and may set up appropriate mechanisms to round up or down, any amount hereunder to nearest higher or lower amounts and may determine reasonable de minimis payment thresholds. 
 11.5 Currency Matters. Principal, interest, reimbursement obligations, fees, and all other amounts payable under this Agreement and the other Loan Documents to the Secured Parties shall be payable
in the currency in which such Obligations are denominated. Unless stated otherwise, all calculations, comparisons, measurements or determinations under this Agreement shall be made in Canadian Dollars. For the purpose of such calculations,
comparisons, measurements or determinations, amounts denominated in other currencies shall be converted in the Equivalent Amount of Canadian Dollars on the date of calculation, comparison, measurement or determination. 

11.6 Judgment Currency. 
 (a) If, for the purpose of obtaining or enforcing judgment against any Credit Party in any court in any jurisdiction, it becomes necessary to convert into any other currency (such other currency being
hereinafter in this Section 11.6 referred to as the “Judgment Currency”) an amount due under any Loan Document in any currency (the “Obligation Currency”) other than the Judgment Currency, the conversion shall be made at the
rate of exchange prevailing on the Business Day immediately preceding the date of actual payment of the amount due, in the case of any proceeding in the courts of the Province of Ontario or in the courts of any other jurisdiction that will give
effect to such conversion being made on such date, or the date on which the judgment is given, in the case of any proceeding in the courts of any other jurisdiction (the applicable date as of which such conversion is made pursuant to this
Section 11.6 being hereinafter in this Section 11.6 referred to as the “Judgment Conversion Date”). 

  
 105

 (b) If, in the case of any proceeding in the court of any jurisdiction
referred to in Section 11.6(a), there is a change in the rate of exchange prevailing between the Judgment Conversion Date and the date of actual receipt for value of the amount due, the applicable Credit Party or Credit Parties shall pay such
additional amount (if any, but in any event not a lesser amount) as may be necessary to ensure that the amount actually received in the Judgment Currency, when converted at the rate of exchange prevailing on the date of payment, will produce the
amount of the Obligation Currency which could have been purchased with the amount of the Judgment Currency stipulated in the judgment or judicial order at the rate of exchange prevailing on the Judgment Conversion Date. Any amount due from any
Credit Party under this Section 11.6(b) shall be due as a separate debt and shall not be affected by judgment being obtained for any other amounts due under or in respect of any of the Loan Documents. 

(c) The term “rate of exchange” in this Section 11.6 means the rate of exchange at which Agent, on the
relevant date at or about 12:00 noon (Toronto time), would be prepared to sell, in accordance with Agent’s normal course foreign currency exchange practices, the Obligation Currency against the Judgment Currency. 

(d) Unless otherwise specified, all references to dollar amounts in this Agreement shall mean Canadian Dollars.

 [Signature Pages Follow.] 

  
 106

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

			
	SOLO CUP CANADA INC.
		
	By:	 	/s/ ROBERT D. KONEY, JR.
	Name:	 	Robert D. Koney, Jr.
	Title:	 	Chief Financial Officer

  

	
	Address for notices:
	Solo Cup Canada Inc.
	c/o Solo Cup Company
	150 South Saunders Road, Suite 150
	Lake Forest, Illinois 60045
	Attn: Chief Financial Officer
	Facsimile: (847) 236-6052
	  
 with a copy to:

	  
 Solo Cup Company

	150 South Saunders Road, Suite 150
	Lake Forest, Illinois 60045
	Attn: General Counsel
	Facsimile: (847) 236-6052
	  
 Address for wire transfers:

	  
 Canadian Dollars

	Beneficiary Name: Solo Cup Canada Inc
	Beneficiary Address: 2121 Markham Road,
Toronto. ON, Canada, M1B 2W3
	Bank Name: Bank of Montreal
	Bank Address: 2100 Ellesmere Road. Toronto, ON, M1H 3B7
	Account Number: 1053090
	SWIFT #: BOFMCAM2
	Routing Code Type : CC000129862

Signature Page to Credit Agreement 

  

	
	U.S. Dollars
	Beneficiary Name: Solo Cup Canada Inc
	Beneficiary Address: 2121 Markham Road,
Toronto. ON, Canada, M1B 2W3
	Bank Name: Bank of Montreal
	Bank Address: 2100 Ellesmere Road. Toronto, ON, M1H 3B7
	Account Number: 4603667
	SWIFT #: BOFMCAM2
	Routing Code Type : CC000129862

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

			
	GE CANADA FINANCE HOLDING COMPANY,
	as Agent and as a Lender
		
	By:	 	/s/ RICHARD ZENI
	Name:	 	Richard Zeni
	Title:	 	Duly Authorized Signatory

  

	
	Address for Notices:
	  
 GE CANADA FINANCE HOLDING COMPANY

	123 Front Street West
	Suite 1400
	Toronto, ON M5J 2M2
	  
 Attention: Richard Zeni, Account Manager

	  
 Telecopier No.: (416) 202-6226

	Telephone No.: (416) 202-6220
	  
 With a copy to:

	  
 General Electric Capital Corporation

	401 Merritt 7
	Norwalk, CT
	06851
	  
 Attention: General Counsel

	  
 Telecopier No.: (203) 956-4001

	Telephone No.: (203) 956-4370
	  
 Wiring Instructions for payments:

	  
 For USD Incoming Funds to GE:

	  
 Account Name: GE Canada Finance

	Bank Name: Royal Bank of Canada (Toronto)
	Account Number: 40-506-21
	Swift/Branch Code: ROYCCAT2-00002
	Currency Code: USD
	References: LCI-US

  

	
	For CAD Incoming Funds to GE:
	  
 Account Name: GE Canada Finance

	Bank Name: Royal Bank of Canada (Toronto)
	Account Number: 12-093-29
	Swift/Branch Code: ROYCCAT2-00002
	Currency Code: CAD
	References: LCI-CN

 Schedule 1.1.(b) 
 Revolving Loan Commitments 
  

					
	 GE Canada Finance Holding Company
	  	$	17,000,000	  

 EXHIBIT 1.1(b) 
 TO 
 CREDIT AGREEMENT 

FORM OF L/C REQUEST 
 [GE CANADA
FINANCE HOLDING COMPANY], 
 as L/C Issuer under the Credit Agreement referred to below 

                    
    , 20     
  

	 	Re:	Solo Cup Canada Inc. (the “Borrower”) 

 Reference is made to the Amended and Restated Credit Agreement, dated as of December     , 2010 (as the same may be amended, restated, supplemented or otherwise modified from
time to time, the “Credit Agreement”), among the Borrower, the Lenders, L/C Issuers party thereto and GE Canada Finance Holding Company, as administrative agent for the Lenders. Capitalized terms used herein but not otherwise
defined herein shall have the respective meanings ascribed to such terms in the Credit Agreement. 
 The Borrower hereby gives
you notice, irrevocably, pursuant to Section 1.1(b) of the Credit Agreement, of its request for your Issuance of a Letter of Credit, in the form attached hereto, for the benefit of [Name of Beneficiary], in the amount of [Cdn.]
[U.S.]$            , to be issued on             ,
             (the “Issue Date”) with an expiration date of             ,
            . 
 The undersigned hereby certifies that the
following statements are true on the date hereof and will be true on the Issue Date, both before and after giving effect to the Issuance of the Letter of Credit requested above and any Loan to be made or any other Letter of Credit to be Issued on or
before the Issue Date: 
 (i) the representations and warranties set forth in Article III of the
Credit Agreement and elsewhere in the Loan Documents are true and correct, except to the extent such representations and warranties expressly relate to an earlier date, in which case such representations and warranties were true and correct as of
such earlier date; 
 (ii) no Default or Event of Default has occurred and is continuing; 

(iii) the aggregate outstanding amount of Revolving Loans does not exceed the Maximum Revolving Loan Balance less an
amount of $1,000,000; and 
 (iv) the Credit Parties’ cash and Cash Equivalents are equal to or less than
$1,000,000. 
 [Signature follows] 

  

					
	SOLO CUP CANADA INC.,
	as the Borrower
		
	By:	 	 
		 	Name:	 	
		 	Title:	 	

 [SIGNATURE PAGE TO
L/C REQUEST DATED                      ,
            ] 

 EXHIBIT 1.6(a) 
 TO 
 CREDIT AGREEMENT 

FORM OF NOTICE OF CONVERSION/CONTINUATION - 
 BA RATE LOANS 
 GE CANADA FINANCE HOLDING COMPANY 

as Agent under the Credit Agreement referred to below 
                      ,
             
  

	 	Re:	Solo Cup Canada Inc. (the “Borrower”) 

 Reference is made to the Amended and Restated Credit Agreement, dated as of December     , 2010 (as the same may be amended, restated, supplemented or otherwise modified from
time to time, the “Credit Agreement”), among the Borrower, the Lenders, L/C Issuers party thereto and GE Canada Finance Holding Company, as administrative agent for the Lenders. Capitalized terms used herein but not otherwise
defined herein shall have the respective meanings ascribed to such terms in the Credit Agreement. 
 The Borrower hereby gives
you irrevocable notice, pursuant to Section 1.6(a) of the Credit Agreement of its request for the following (the “Proposed Conversion/Continuation”): 

(i) a continuation, on
                    ,             , as BA Rate Loans having a BA Period of
             months of Revolving Loans in an aggregate outstanding principal amount of Cdn$             having a BA
Period ending on the proposed date for such continuation; 
 (ii) a conversion, on
                    ,             , to BA Rate Loans having a BA Period of
             months of Revolving Loans in an aggregate outstanding principal amount of Cdn$            ; and

 (iii) a conversion, on
                    ,             , to Canadian Prime Rate Loans, of
Revolving Loans in an aggregate outstanding principal amount of Cdn$            . 
 The undersigned hereby certifies that the following statements are true on the date hereof both before and after giving effect to the Proposed Conversion/Continuation: 

(i) the representations and warranties set forth in Article III of the Credit Agreement and elsewhere in the Loan
Documents are true and correct, except to the extent such representations and warranties expressly relate to an earlier date, in which case such representations and warranties were true and correct as of such earlier date; 

 (ii) no Default or Event of Default has occurred and is continuing;

 (iii) the aggregate outstanding amount of Revolving Loans does not exceed the Maximum Revolving Loan Balance
less an amount of $1,000,000; and 
 (iv) the Credit Parties’ cash and Cash Equivalents are equal to or less
than $1,000,000. 
  

					
	SOLO CUP CANADA INC.,
	as the Borrower
		
	By:	 	 
		 	Name:	 	
		 	Title:	 	

 EXHIBIT 1.6(b) 
 TO 
 CREDIT AGREEMENT 

FORM OF NOTICE OF CONVERSION/CONTINUATION - 
 LIBOR LOANS 
 GE CANADA FINANCE HOLDING COMPANY 

as Agent under the Credit Agreement referred to below 
                     ,
             
  

	 	Re:	Solo Cup Canada Inc. (the “Borrower”) 

 Reference is made to the Amended and Restated Credit Agreement, dated as of December     , 2010 (as the same may be amended, restated, supplemented or otherwise modified from
time to time, the “Credit Agreement”), among the Borrower, the Lenders, L/C Issuers party thereto and GE Canada Finance Holding Company, as administrative agent for the Lenders. Capitalized terms used herein but not otherwise
defined herein shall have the respective meanings ascribed to such terms in the Credit Agreement. 
 The Borrower hereby gives
you irrevocable notice, pursuant to Section 1.6(b) of the Credit Agreement of its request for the following (the “Proposed Conversion/Continuation”): 

(i) a continuation, on
                    ,             , as LIBOR Rate Loans having an Interest
Period of              months of Revolving Loans in an aggregate outstanding principal amount of
U.S.$                    having an Interest Period ending on the proposed date for such continuation; 

(ii) a conversion, on
                    ,             , to LIBOR Rate Loans having an Interest
Period of              months of Revolving Loans in an aggregate outstanding principal amount of
U.S.$                    ; and 
 (iii) a conversion, on                     ,
            , to U.S. Base Rate Loans, of Revolving Loans in an aggregate outstanding principal amount of
U.S.$                    . 
 The undersigned hereby certifies that the following statements are true on the date hereof both before and after giving effect to the Proposed Conversion/Continuation: 

(i) the representations and warranties set forth in Article III of the Credit Agreement and elsewhere in the Loan
Documents are true and correct, except to the extent such representations and warranties expressly relate to an earlier date, in which case such representations and warranties were true and correct as of such earlier date; 

 (ii) no Default or Event of Default has occurred and is continuing;

 (iii) the aggregate outstanding amount of Revolving Loans does not exceed the Maximum Revolving Loan Balance
less an amount of $1,000,000; and 
 (iv) the Credit Parties’ cash and Cash Equivalents are equal to or less
than $1,000,000. 
  

			
	 SOLO CUP CANADA INC.,
 as the Borrower

		
	By:	 	 
		 	Name:
		 	Title:

 EXHIBIT 4.2(b) 
 COMPLIANCE CERTIFICATE 
 SOLO CUP CANADA INC. 

Date: [                 , 20__] 

This Compliance Certificate (this “Certificate”) is given by Solo Cup Canada Inc. (the “Borrower”), pursuant
to subsection 4.2(b) of that certain Amended and Restated Credit Agreement, dated as of December __, 2010 (as the same may be amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among
the Borrower, the Lenders, L/C Issuers party thereto and GE Canada Finance Holding Company, as administrative agent for the Lenders. Capitalized terms used herein but not otherwise defined herein shall have the respective meanings ascribed to such
terms in the Credit Agreement. 
 The officer executing this Certificate is a Responsible Officer of the Borrower and
as such is duly authorized to execute and deliver this Certificate on behalf of the Borrower. By executing this Certificate, such officer, in such capacity and without personal liability, hereby certifies to Agent, Lenders and L/C Issuer,
on behalf of the Borrower, that: 
 (a) the financial statements delivered with this Certificate in accordance
with subsection 4.1(a) and/or 4.1(b) of the Credit Agreement fairly present, in all material respects, in accordance with GAAP the financial position and the results of operations of the Borrower and its Subsidiaries as of the dates of and for the
periods covered by such financial statements (subject, in the case of interim financial statements, to normal year-end adjustments and the absence of footnote disclosure); 

(b) to the best of such officer’s knowledge, each Credit Party and each of their Subsidiaries, during the period
covered by such financial statements, has observed and performed all of their respective covenants and other agreements in the Credit Agreement and the other Loan Documents to be observed, performed or satisfied by them, and such officer has not
obtained knowledge of any Default or Event of Default [except as specified on the written attachment hereto];  
 (c) Exhibit A hereto is a correct calculation of the financial covenant contained in Section 6.2 of the Credit Agreement; 

(d) since the Closing Date and except as disclosed in prior Compliance Certificates delivered to Agent, no Credit Party
and no Subsidiary of any Credit Party has: 
 (i) changed its legal name, identity, jurisdiction of
incorporation, organization or formation or organizational structure or formed or acquired any Subsidiary except as follows: _________________________________________; 

  
 1 

 (ii) acquired the assets of, or amalgamated, merged or consolidated with or
into, any Person, except as follows: __________________________________________________; or 
 (iii) changed its
address or otherwise relocated, acquired fee simple title to any real property or entered into any real property leases, except as follows: _________________________________________________. 

IN WITNESS WHEREOF, Borrower has caused this Certificate to be executed by one of its Responsible Officers this __________ day of
_______________, 200_. 
  

			
	 
		
	By:	 	 
	Its:	 	 

 Note: Unless otherwise specified, all
financial covenants are calculated for the Borrower and its Subsidiaries on a consolidated basis in accordance with GAAP and all calculations are without duplication. 

  
 2 

 EXHIBIT A TO EXHIBIT 4.2(b) 

COMPLIANCE CERTIFICATE 
 Capital Expenditure Calculation 
 Capital Expenditures are defined as follows: 

 

					
	 The aggregate of all expenditures and other obligations for the twelve month period ending on the last day of the month covered
by such financial statements which should be capitalized under GAAP
	  	$	___________	  
	 Less:
	  			
	 Portion of Capital Expenditures financed under Capital Leases or with proceeds of other long term Indebtedness incurred
substantially concurrently with such expenditure (Indebtedness, for this purpose, does not include drawings under the Revolving Loan Commitment)
	  	$	___________	  
	 Capital Expenditures (used in calculation of Cash Flow)
	  	$	___________	  

 Covenant 6.3 Fixed Charge Coverage 

 

					
	 Is Availability less than 25% of the Borrowing Base (as set forth in the most recently delivered Borrowing Base Certificate) or
less than $2,500,000 such that the Fixed Charge Coverage Ratio in Section 6.2 of the Credit Agreement is being tested?
	  	 	Yes/No	1 
	 Fixed Charge Coverage is defined as follows:
	  			
	 Cash Flow (per Exhibit B)
	  	$	___________	  
	 Fixed Charges:
	  			
	 Net Interest Expense (per Exhibit B)
	  	$	___________	  
	 Plus: Scheduled principal payments of Indebtedness during such period
	  	$	___________	  
	 Fixed Charges
	  	$	___________	  
	 Fixed Charge Coverage (Cash Flow divided by Fixed Charges)
	  			
	 Required Fixed Charge Coverage2
	  	 	____________	  
	 In Compliance
	  	 	Yes/No	  

  

	1	 If yes, complete this financial covenant worksheet. 

	2	 Subject to Section 6.2, the Credit Parties shall not permit the Fixed Charge Coverage Ratio for any rolling twelve fiscal month period to be less
1.25 to 1.00. 

 EXHIBIT B TO EXHIBIT 4.2(b) 

COMPLIANCE CERTIFICATE 
 Calculation of Interest Expense 
 Net Interest Expense: 

 

					
	 Gross interest expense for such period paid or required to be paid in cash (including all commissions, discounts, fees and other
charges in connection with letters of credit and similar instruments) for the Borrower and its Subsidiaries on a consolidated basis
	  	$	___________	  
	 Less: Interest income received in cash for such period
	  	$	___________	  
	 Net Interest Expense (used in calculation of Fixed Charge Coverage)
	  	$	___________	  

 Calculation of EBITDA 
 EBITDA is defined as follows: 
  

					
	 Net income (or loss) for the applicable period of measurement of Borrower and its Subsidiaries on a consolidated basis determined
in accordance with GAAP, but excluding: (a) the income (or loss) of any joint venture or other Person which is not a Subsidiary of the Borrower, except to the extent of the amount of dividends or other distributions actually paid to the
Borrower or any of its Subsidiaries in cash by such Person during such period (b) the undistributed earnings of any Subsidiary of the Borrower if the payment of dividends or similar distributions by that Subsidiary is not permitted by operation
of the terms of its charter or of any agreement or Requirement of Law applicable to that Subsidiary; (c) the income (or loss) of any Person accrued prior to the date it becomes a Subsidiary of the Borrower or is amalgamated, merged into or
consolidated with the Borrower or any of its Subsidiaries or that Person’s assets are acquired by the Borrower or any of its Subsidiaries; (d) any net gain from the collection of life insurance proceeds; (e) any aggregate net gain,
but not any aggregate net loss, from the sale, exchange, transfer or other disposition of Property or assets not in the Ordinary Course of Business of the Borrower and its Subsidiaries, and related tax effects in accordance with GAAP; and
(f) any other extraordinary gains or losses of the Borrower or its Subsidiaries, and related tax effects in accordance with GAAP
	  	$	___________	  
	 Plus: All amounts deducted in calculating net income (or loss) for depreciation or amortization for such period
	  	$	___________	  
	 Interest expense (less interest income) deducted in calculating net income (or loss) for such period
	  	$	___________	  
	 All taxes, accrued or payable, on or measured by income to the extent deducted in calculating net income (or loss) for such
period
	  	$	___________	  
	 The amount of any non-cash deduction from net income as a result of any grant of Stock of Stock Equivalents to
employees
	  	$	___________	  

					
	 All non-cash losses or expenses included or deducted in calculating net income (or loss) for such period, excluding any non-cash loss or expense (a)
that is an accrual of a reserve for a cash expenditure or payment to be made, or anticipated to be made, in a future period or (b) relating to a write-down, write off or reserve with respect to Accounts and Inventory
	  	$	___________	  
	 Fees and expenses paid to Agent and/or Lenders in connection with the Loan Documents, to the extent deducted in calculating net
income (or loss) for such period
	  	$	___________	  
	 Minus: All tax credits
	  	$	___________	  
	 All non-cash income or gains (including without limitation, income arising from the cancellation of
Indebtedness.)
	  	$	___________	  
	 EBITDA
	  	$	___________	  

 EXHIBIT B TO EXHIBIT 4.2(b) 

COMPLIANCE CERTIFICATE 
 Calculation of Cash Flow 
  

					
	 EBITDA for the applicable period of measurement:
	  	$	___________	  
	 Less: Capital Expenditures (per Exhibit A)
	  	$	___________	  
	 Less: Taxes on or measured by income paid or payable in cash during such period
	  	$	___________	  
	 Cash Flow (used in calculation of Fixed Charge Coverage)
	  	$	___________	  

 EXHIBIT 11.1(a) 
 TO 
 CREDIT AGREEMENT 

FORM OF ASSIGNMENT 
 This ASSIGNMENT, dated as of the Effective Date, is entered into between
                    (“the Assignor”) and
                    (“the Assignee”). 
 The parties hereto hereby agree as follows: 
  

			
	Borrower:	  	Solo Cup Canada Inc., an Ontario corporation (the “Borrower”)
		
	Agent:	  	GE Canada Finance Holding Company, as administrative agent for the Lenders and L/C Issuers (in such capacity and together with its successors and permitted assigns, the
“Agent”)
		
	Credit Agreement:	  	Amended and Restated Credit Agreement dated as of December             , 2010 among the Borrower, the Lenders
and L/C Issuers party thereto and the Agent (as the same may be amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”; capitalized terms used herein without definition are used as defined in
the Credit Agreement)
		
	[Trade Date:	  	                    ,
            ]1
		
	Effective Date:	  	                    ,
            2

  

	1	Insert for informational purposes only if needed to determine other arrangements between the assignor and the assignee. 

	2	To be filled out by Agent upon entry in the Register. 

													
	 Loan/

Commitment
 Assigned3
	  	Aggregate amount of
Commitments
or
principal amount of
Loans for all Lenders5	 	  	Aggregate amount 
of
Commitments4 or
principal amount
of
Loans Assigned5	 	  	Percentage 
Assigned6	 
		  	$	_________	  	  	$	_________	  	  	 	__.____	% 
		  	$	_________	  	  	$	_________	  	  	 	__.____	% 
		  	$	_________	  	  	$	_________	  	  	 	__.____	% 

 [THE REMAINDER OF THIS PAGE
WAS INTENTIONALLY LEFT BLANK] 
  
  

	3	 Fill in the appropriate defined term for the type of Loan and/or Commitment under the Credit Agreement that are being assigned under this Assignment
(e.g., “Revolving Loan Commitment”, etc.). 

	4	 In the case of the Revolving Loan Commitment, including Revolving Loans and interests, participations and obligations to participate in Letter of
Credit Obligations. 

	5	 Amount to be adjusted by the counterparties to take into account any payments or prepayments made between the Trade Date and the Effective Date. The
aggregate amounts are inserted for informational purposes only to help in calculating the percentages assigned which, themselves, are for informational purposes only. 

	6	 Set forth, to at least 9 decimals, the Assigned Interest as a percentage of the aggregate Commitment or Loans in the Facility. This percentage is set
forth for informational purposes only and is not intended to be binding. The assignments are based on the amounts assigned not on the percentages listed in this column. 

  
 2 

 Section 1. Assignment. Assignor hereby sells and assigns to Assignee, and
Assignee hereby purchases and assumes from Assignor, Assignor’s rights and obligations in its capacity as Lender under the Credit Agreement (including Liabilities owing to or by Assignor thereunder) and the other Loan Documents, in each case to
the extent related to the amounts identified above (the “Assigned Interest”). 

Section 2. Representations, Warranties and Covenants of Assignors. Assignor (a) represents
and warrants to Assignee and the Agent that (i) it has full power and authority, and has taken all actions necessary for it, to execute and deliver this Assignment and to consummate the transactions contemplated hereby and (ii) it is the
legal and beneficial owner of its Assigned Interest and that such Assigned Interest is free and clear of any Lien and other adverse claims and (iii) by executing, signing and delivering this assignment via ClearPar® or any other electronic settlement system designated by the Agent, the Person signing, executing and delivering this
Assignment on behalf of the Assignor is an authorized signatory for the Assignor and is authorized to execute, sign and deliver this Agreement, (b) makes no other representation or warranty and assumes no responsibility, including with respect
to the aggregate amount of the Loans and Commitments, the percentage of the Loans and Commitments represented by the amounts assigned, any statements, representations and warranties made in or in connection with any Loan Document or any other
document or information furnished pursuant thereto, the execution, legality, validity, enforceability or genuineness of any Loan Document or any document or information provided in connection therewith and the existence, nature or value of any
Collateral, (c) assumes no responsibility (and makes no representation or warranty) with respect to the financial condition of any Credit Party or the performance or nonperformance by any Credit Party of any obligation under any Loan Document
or any document provided in connection therewith and (d) attaches any Notes held by it evidencing at least in part the Assigned Interest of such Assignor (or, if applicable, an affidavit of loss or similar affidavit therefor) and requests that
the Agent exchange such Notes for new Notes in accordance with Section 1.2 of the Credit Agreement. 
 Section 3. Representations, Warranties and Covenants of Assignees. Assignee (a) represents and warrants to Assignor and the Agent that (i) it has full power and authority, and
has taken all actions necessary for Assignee, to execute and deliver this Assignment and to consummate the transactions contemplated hereby, (ii) it is [not] an Affiliate or an Approved Fund of
            , a Lender and (iii) it is sophisticated with respect to decisions to acquire assets of the type represented by the Assigned Interest assigned to it hereunder and
either Assignee or the Person exercising discretion in making the decision for such assignment is experienced in acquiring assets of such type, (iv) by executing, signing and delivering this Assignment via ClearPar® or any other electronic settlement system designated by the Agent, the Person signing, executing and delivering this
Assignment on behalf of the Assignor is an authorized signatory for the Assignor and is authorized to execute, sign and deliver this Agreement (b) appoints and authorizes the Agent to take such action as administrative agent on its behalf and
to exercise such powers under the Loan Documents as are delegated to the Agent by the terms thereof, together with such powers as are reasonably incidental thereto, (c) shall perform in accordance with their terms all obligations that, by the
terms of the Loan Documents, are required to be performed by it as a Lender, (d) confirms it has received such documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Assignment and
shall continue to make its own credit decisions in taking or not taking any action under any Loan Document independently and without reliance upon Agent, any L/C Issuer, any Lender or any other Indemnitee and based on such documents and information
as it shall deem appropriate at the time, (e) acknowledges and agrees that, as a Lender, it may receive material non-public information and confidential information concerning the Credit Parties and their Affiliates and their Stock and agrees
to use such information in accordance with Section 9.10 of the Credit Agreement, (f) specifies as its applicable lending offices (and addresses for notices) the offices at the addresses set forth beneath its name on the signature
pages hereof, and (g) shall pay to the Agent an assignment fee in the amount of $3,500 to the extent such fee is required to be paid under Section 9.9 of the Credit Agreement. 

  
 3 

 Section 4. Determination of Effective Date; Register. Following the due
execution and delivery of this Assignment by Assignor, Assignee and, to the extent required by Section 9.9 of the Credit Agreement, the Borrower, this Assignment (including its attachments) will be delivered to the Agent for its
acceptance and recording in the Register. The effective date of this Assignment (the “Effective Date”) shall be the later of (i) the acceptance of this Assignment by the Agent and (ii) the recording of this Assignment in
the Register. The Agent shall insert the Effective Date when known in the space provided therefor at the beginning of this Assignment. 
 Section 5. Effect. As of the Effective Date, (a) Assignee shall be a party to the Credit Agreement and, to the extent provided in this Assignment, have the rights and obligations
of a Lender under the Credit Agreement and (b) Assignor shall, to the extent provided in this Assignment, relinquish its rights (except those surviving the termination of the Commitments and payment in full of the Obligations) and be released
from its obligations under the Loan Documents other than those obligations relating to events and circumstances occurring prior to the Effective Date. 
 Section 6. Distribution of Payments. On and after the Effective Date, the Agent shall make all payments under the Loan Documents in respect of each Assigned Interest (a) in the
case of amounts accrued to but excluding the Effective Date, to Assignor and (b) otherwise, to Assignee. 

Section 7. Miscellaneous. (a) The parties hereto, to the extent permitted by law, waive all right to trial by
jury in any action, suit, or proceeding arising out of, in connection with or relating to, this Assignment and any other transaction contemplated hereby. This waiver applies to any action, suit or proceeding whether sounding in tort, contract or
otherwise. 
 (b) On and after the Effective Date, this Assignment shall be binding upon, and inure to the benefit of, the
Assignor, Assignee, the Agent and their Related Persons and their successors and assigns. 
 (c) This Assignment shall be
governed by, and be construed and interpreted in accordance with, the laws of the Province of Ontario and the federal laws of Canada applicable therein. 
 (d) This Assignment may be executed in any number of counterparts and by different parties in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken
together shall constitute one and the same agreement. 

  
 4 

 (e) Signature pages may be detached from multiple separate counterparts and attached to a
single counterpart. Delivery of an executed signature page of this Assignment by facsimile transmission or Electronic Transmission shall be as effective as delivery of a manually executed counterpart of this Assignment. 

  
 5 

 IN WITNESS WHEREOF, the parties hereto have caused this Assignment to be executed by their
respective officers thereunto duly authorized, as of the date first above written. 
  

			
	 [NAME OF ASSIGNOR]

            as Assignor

		
	By:	 	 
		 	Name:
		 	Title:
	
	 [NAME OF ASSIGNEE]

            as Assignee

		
	By:	 	 
		 	Name:
		 	Title:

  

	
	Lending Office for LIBOR Rate Loans:
	
	 [Insert Address (including contact name, fax
 number and e-mail address)]

	
	 Lending Office (and address for notices)
             for any other purpose:

	
	[Insert Address (including contact name, fax number and e-mail address)]

  

			
	 ACCEPTED and AGREED

this     day of                 
    :

	
	GE CANADA FINANCE HOLDING COMPANY as Agent
		
	By:	 	 
		 	Name:
		 	Title:
	
	SOLO CUP CANADA INC.,
	as the Borrower 7
		
	By:	 	 
		 	Name:
		 	Title:

  

	7	Include only if required pursuant to Section 9.9 of the Credit Agreement. 

 EXHIBIT 11.1(b) 

to 

CREDIT AGREEMENT 
 FORM OF BORROWING BASE CERTIFICATE 
 SOLO CUP CANADA INC. 

Date:                     ,
         
 This Certificate is given by Solo Cup Canada Inc.
(“Borrower”), pursuant to subsection 4.2(d) of that certain Amended and Restated Credit Agreement dated as of December             , 2010 among the Borrower,
the Lenders from time to time party thereto and GE Canada Finance Holding Company, as agent for the Lenders and other Secured Parties (as such agreement may have been amended, restated, supplemented or otherwise modified from time to time the
“Credit Agreement”). Capitalized terms used herein without definition shall have the meanings set forth in the Credit Agreement. 
 The undersigned is duly authorized to execute and deliver this Borrowing Base Certificate on behalf of the Borrower. By executing this Certificate such officer of Borrower Representative hereby certifies
to Agent and Lenders on behalf of the Borrower and without personal liability that: 
  

	 	(a)	Attached hereto as Schedule 1 is a calculation of the Borrowing Base as of the above date; 

 

	 	(b)	Based on such schedule, the Borrowing Base as of the above date is: 

 $[            ] 

 IN WITNESS WHEREOF, Borrower Representative has caused this Borrowing Base Certificate to be
executed by its [            ] this [     day of             ,
20    ]. 
  

			
	SOLO CUP CANADA INC.
		
	By:	 	 
	Its:	 	 

 EXHIBIT 11.1(c) 
 TO 
 CREDIT AGREEMENT 

FORM OF NOTICE OF BORROWING 
 GE
CANADA FINANCE HOLDING COMPANY 
 as Agent under the Credit Agreement referred to below 

                    ,
             
  

	 	Re:	Solo Cup Canada Inc. (the “Borrower”) 

 Reference is made to the Amended and Restated Credit Agreement dated as of December     , 2010 (as the same may be amended, restated, supplemented or otherwise modified from
time to time, the “Credit Agreement”), among the Borrower, the Lenders, L/C Issuers party thereto and GE Canada Finance Holding Company, as administrative agent for the Lenders. Capitalized terms used herein but not otherwise
defined herein shall have the respective meanings ascribed to such terms in the Credit Agreement. 
 The Borrower hereby gives
you irrevocable notice, pursuant to Section 1.5 of the Credit Agreement of its request of a Borrowing (the “Proposed Borrowing”) under the Credit Agreement and, in that connection, sets forth the following information:

 A. The date of the Proposed Borrowing is
                    ,              (the “Funding Date”).

 A. The aggregate principal amount of requested Revolving Loans is: 

(i) U.S.$            , of which
U.S.$             consists of U.S. Base Rate Loans and U.S.$             consists of LIBOR Rate Loans having an
initial Interest Period of              months; 
 (ii) Cdn$            , of which Cdn$             consists of Canadian
Prime Rate Loans and Cdn$             consists of BA Rate Loans having an initial BA Period of              months.

 The undersigned hereby certifies that, except as set forth on Schedule A attached hereto, the following statements are
true on the date hereof and will be true on the Funding Date, both before and after giving effect to the Proposed Borrowing and any other Loan to be made or Letter of Credit to be Issued on or before the Funding Date: 

(i) the representations and warranties set forth in Article III of the Credit Agreement and elsewhere in the
Loan Documents are true and correct, except to the extent such representations and warranties expressly relate to an earlier date, in which case such representations and warranties were true and correct as of such earlier date; 

 (iii) no Default or Event of Default has occurred and is continuing;

 (iv) the aggregate outstanding amount of Revolving Loans does not exceed the Maximum Revolving Loan Balance
less an amount of $1,000,000; and 
 (v) the Credit Parties’ cash and Cash Equivalents are equal to or less
than $1,000,000. 
  

			
	 SOLO CUP CANADA INC.,
 as the Borrower

		
	By:	 	 
		 	Name:
		 	Title:

 [SIGNATURE PAGE TO NOTICE OF
BORROWING DATED                     ,             ] 

 EXHIBIT 11.1(d) 
 TO 
 CREDIT AGREEMENT 

FORM OF REVOLVING LOAN NOTE 
 [City, Province] 
 Lender: [NAME OF LENDER] 

			
	Principal Amount: $________	  	____________, 20__

 FOR VALUE
RECEIVED, the undersigned, Solo Cup Canada Inc., an Ontario corporation (the “Borrower”), hereby promises to pay to the Lender set forth above (the “Lender”) the Principal Amount set forth above, or, if less, the
aggregate unpaid principal amount of all Revolving Loans (as defined in the Credit Agreement referred to below) of the Lender to the Borrower, payable at such times and in such amounts as are specified in the Credit Agreement. 

The Borrower promises to pay interest on the unpaid principal amount of the Revolving Loans from the date made until such principal
amount is paid in full, payable at such times and at such interest rates as are specified in the Credit Agreement. Demand, diligence, presentment, protest and notice of non-payment and protest are hereby waived by the Borrower. 

Both principal and interest are payable in Dollars to GE Canada Finance Holding Company, as Agent, at the address set forth in the Credit
Agreement, in immediately available funds. 
 This Note is one of the Notes referred to in, and is entitled to the benefits and
subject to the terms of, the Amended and Restated Credit Agreement, dated as of December     , 2010 (as the same may be amended, restated, supplemented or otherwise modified from time to time, the “Credit
Agreement”), among the Borrower, the Lenders and the L/C Issuers party thereto and GE Canada Finance Holding Company, as administrative agent for the Lenders and L/C Issuers. Capitalized terms used herein without definition are used as
defined in the Credit Agreement. 
 The Credit Agreement, among other things, (a) provides for the making of Revolving
Loans by the Lender to the Borrower in an aggregate amount not to exceed at any time outstanding the Principal Amount set forth above, the indebtedness of the Borrower resulting from such Revolving Loans being evidenced by the Notes and
(b) contains provisions for acceleration of the maturity of the unpaid principal amount of the Notes upon the happening of certain stated events and also for prepayments on account of the principal hereof prior to the maturity hereof upon the
terms and conditions specified therein. 
 This Note is a Loan Document, is entitled to the benefits of the Loan Documents and
is subject to certain provisions of the Credit Agreement, including Sections 9.18(b) (Submission to Jurisdiction), 9.19 (Waiver of Jury Trial), 9.23 (Joint and Several) and 11.2 (Other Interpretive Provisions)
thereof. 

 This Note is a registered obligation, transferable only upon notation in the Register, and
no assignment hereof shall be effective until recorded therein. 
 This Note shall be governed by, and construed and interpreted
in accordance with, the laws of the Province of Ontario and the federal laws of Canada applicable therein. 
 [SIGNATURE PAGES
FOLLOW] 

  
 2 

 IN WITNESS WHEREOF, the Borrower has caused this Note to be executed and delivered by its
duly authorized officer as of the day and year and at the place set forth above. 
  

			
	SOLO CUP CANADA INC.
		
	By:	 	 
	Name:	 	
	Title:	 	
		
	By:	 	 
	Name:	 	
	Title:Amended and Restated Guarantee and Security Agreement

 Exhibit 10.2 
 EXECUTION VERSION 
 AMENDED AND RESTATED GUARANTEE AND SECURITY AGREEMENT

 DATED AS OF DECEMBER 15, 2010 
 BY 
 SOLO CUP CANADA INC., 

AS THE BORROWER, 
 IN FAVOUR OF 
 GE CANADA FINANCE HOLDING COMPANY, 

AS AGENT 

 TABLE OF CONTENTS 

 

							
	 	  	 	  	Page	 
		
	 ARTICLE I DEFINED TERMS
	  	 	1	  
			
	 Section 1.1
	  	Definitions	  	 	1	  
	 Section 1.2
	  	Certain Other Terms	  	 	4	  
		
	 ARTICLE II GUARANTEE
	  	 	5	  
			
	 Section 2.1
	  	Guarantee	  	 	5	  
	 Section 2.2
	  	Payment on Demand	  	 	5	  
	 Section 2.3
	  	Authorization; Other Agreements	  	 	5	  
	 Section 2.4
	  	Guarantee Absolute and Unconditional	  	 	6	  
	 Section 2.5
	  	Waivers	  	 	7	  
	 Section 2.6
	  	Reliance	  	 	7	  
		
	 ARTICLE III GRANT OF SECURITY INTEREST
	  	 	8	  
			
	 Section 3.1
	  	Collateral	  	 	8	  
	 Section 3.2
	  	Grant of Security Interest in Collateral	  	 	8	  
	 Section 3.3
	  	Attachment; No Obligation to Advance	  	 	8	  
		
	 ARTICLE IV REPRESENTATIONS AND WARRANTIES
	  	 	9	  
			
	 Section 4.1
	  	Title; No Other Liens	  	 	9	  
	 Section 4.2
	  	Perfection and Priority	  	 	9	  
	 Section 4.3
	  	Pledged Collateral	  	 	9	  
	 Section 4.4
	  	Instruments and Chattel Paper Formerly Accounts	  	 	10	  
	 Section 4.5
	  	Intellectual Property	  	 	10	  
	 Section 4.6
	  	Enforcement	  	 	10	  
	 Section 4.7
	  	Representations and Warranties of the Credit Agreement	  	 	10	  
		
	 ARTICLE V COVENANTS
	  	 	11	  
			
	 Section 5.1
	  	Maintenance of Perfected Security Interest; Further Documentation and Consents	  	 	11	  
	 Section 5.2
	  	Pledged Collateral	  	 	12	  
	 Section 5.3
	  	Accounts	  	 	12	  
	 Section 5.4
	  	Futures Contracts	  	 	12	  
	 Section 5.5
	  	Delivery of Instruments and Chattel Paper and Control of Investment Property	  	 	12	  
	 Section 5.6
	  	Intellectual Property	  	 	13	  
	 Section 5.7
	  	Notices	  	 	14	  
	 Section 5.8
	  	Controlled Securities Account	  	 	14	  

  
 -i-

 TABLE OF CONTENTS 

(continued) 
  

							
	 	  	 	  	Page	 
		
	 ARTICLE VI REMEDIAL PROVISIONS
	  	 	14	  
			
	 Section 6.1
	  	PPSA and Other Remedies	  	 	14	  
	 Section 6.2
	  	Accounts and Payments in Respect of Intangibles	  	 	18	  
	 Section 6.3
	  	Pledged Collateral	  	 	19	  
	 Section 6.4
	  	Proceeds to be Turned over to and Held by Agent	  	 	19	  
	 Section 6.5
	  	Sale of Pledged Collateral	  	 	20	  
	 Section 6.6
	  	Deficiency	  	 	20	  
		
	 ARTICLE VII AGENT
	  	 	21	  
			
	 Section 7.1
	  	Agent’s Appointment as Attorney-in-Fact	  	 	21	  
	 Section 7.2
	  	Authorization to File Financing Statements	  	 	22	  
	 Section 7.3
	  	Authority of Agent	  	 	22	  
	 Section 7.4
	  	Duty; Obligations and Liabilities	  	 	23	  
		
	 ARTICLE VIII MISCELLANEOUS
	  	 	23	  
			
	 Section 8.1
	  	Reinstatement	  	 	23	  
	 Section 8.2
	  	Release of Collateral	  	 	24	  
	 Section 8.3
	  	Independent Obligations	  	 	24	  
	 Section 8.4
	  	No Waiver by Course of Conduct	  	 	24	  
	 Section 8.5
	  	Amendments in Writing	  	 	25	  
	 Section 8.6
	  	Additional Grantors; Additional Pledged Collateral	  	 	25	  
	 Section 8.7
	  	Notices	  	 	25	  
	 Section 8.8
	  	Successors and Assigns	  	 	25	  
	 Section 8.9
	  	Counterparts	  	 	25	  
	 Section 8.10
	  	Severability	  	 	25	  
	 Section 8.11
	  	Governing Law	  	 	26	  
	 Section 8.12
	  	Waiver of Jury Trial	  	 	26	  
		
	ANNEXES AND SCHEDULES	  			
			
	 Annex 1
	  	Form of Pledge Amendment	  			
	 Annex 2
	  	Form of Joinder Agreement	  			
	 Annex 3
	  	Form of Intellectual Property Security Agreement	  			
			
	 Schedule 1
	  	Pledged Collateral	  			

  
 -ii-

 AMENDED AND RESTATED GUARANTEE AND SECURITY AGREEMENT, dated as of December 15, 2010,
by Solo Cup Canada Inc. (the “Borrower”) and each of the other entities that becomes a party hereto pursuant to Section 8.6 (together with the Borrower, the “Grantors”), in favour of GE Canada Finance
Holding Company (“GE Capital”), as administrative agent (in such capacity, together with its successors and permitted assigns, “Agent”) for the Lenders, the L/C Issuers and each other Secured Party (each as defined
in the Credit Agreement referred to below). 
 W I T N E S S E T H: 

WHEREAS, pursuant to the Amended and Restated Credit Agreement dated as of December 15, 2010 (as the same may be amended, restated,
supplemented or otherwise modified from time to time, the “Credit Agreement”) by and among the Borrower, the Lenders, the L/C Issuers from time to time party thereto and GE Capital, as Agent, the Lenders and the L/C Issuers have
severally agreed to continue making extensions of credit to the Borrower upon the terms and subject to the conditions set forth therein; 
 WHEREAS, each Grantor (other than the Borrower) has agreed to guarantee the Obligations (as defined in the Credit Agreement) of the Borrower; 

WHEREAS, each Grantor will derive substantial direct and indirect benefits from the making of the extensions of credit under the Credit
Agreement; 
 WHEREAS, it is a condition precedent to the obligation of the Lenders and the L/C Issuers to continue making their
respective extensions of credit to the Borrower under the Credit Agreement that the Grantors shall have executed and delivered this Agreement to Agent; 
 AND WHEREAS, the Borrower and GE Capital are parties to that certain security agreement dated as of September 24, 2004 the “Original Security Agreement”) and desire that this
Agreement constitute an amendment and restatement of the Original Security Agreement; 
 NOW, THEREFORE, in consideration of the
premises and to induce the Lenders, the L/C Issuers and Agent to enter into the Credit Agreement and to induce the Lenders and the L/C Issuers to continue making their respective extensions of credit to the Borrower thereunder, each Grantor hereby
agrees with Agent as follows: 
 ARTICLE I 
 DEFINED TERMS 
 Section 1.1 Definitions. 

(a) Capital terms used herein without definition are used as defined in the Credit Agreement. 

(b) The following terms have the meanings given to them in the PPSA and terms used herein without definition that are
defined in the PPSA have the meanings given to them in the PPSA (such meanings to be equally applicable to both the singular and plural forms of the terms defined): “account”, “certificated security”,
“chattel paper”, “document of title”, “equipment”, “fixture”, “futures contract”, “goods”, “instrument”,
“intangible”, “inventory”, “investment property”, “proceeds”, “securities account” and “security”. 

 (c) The following terms shall have the following meanings: 

“Account Debtor” means a person who is obligated to any Grantor on an account, chattel paper or
intangible. 
 “Agreement” means this Guarantee and Security Agreement. 

“Applicable IP Office” means the Canadian Intellectual Property Office or any similar office or agency
within or outside Canada. 
 “Cash Collateral Account” means a Deposit Account or securities
account subject, in each instance, to a Control Agreement, including the Control Agreements providing for “springing” cash dominion required pursuant to Section 4.11 of the Credit Agreement, other than accounts established to cash
collateralize L/C Reimbursement Obligations. 
 “Collateral” has the meaning specified in
Section 3.1. 
 “Controlled Securities Account” means each securities account
(including all financial assets held therein and all certificates and instruments, if any, representing or evidencing such financial assets) that is the subject of an effective Control Agreement. 

“Deposit Account” means a demand, time, savings, passbook or like account maintained with a bank, savings
and loan association, credit union or like organization, other than an account evidenced by a certificate of deposit. 
 “Excluded Property” means, collectively, (i) any permit or license or any Contractual Obligation entered into by any Grantor (A) that prohibits or requires the consent of any
Person other than the Borrower and its Affiliates which has not been obtained as a condition to the creation by such Grantor of a Lien on any right, title or interest in such permit, license or Contractual Obligation or any Stock or Stock Equivalent
related thereto or (B) to the extent that any Requirement of Law applicable thereto prohibits the creation of a Lien thereon, but only, with respect to the prohibition in (A) and (B), to the extent, and for as long as, such prohibition is
not terminated or rendered unenforceable or otherwise deemed ineffective by the PPSA or any other Requirement of Law, and (ii) Property owned by any Grantor that is subject to a purchase money Lien or a Capital Lease permitted under the Credit
Agreement if the Contractual Obligation pursuant to which such Lien is granted (or in the document providing for such Capital Lease) prohibits or requires the consent of any Person other than the Borrower and its Affiliates which has not been
obtained as a condition to the creation of any other Lien on such equipment; provided, however, “Excluded Property” shall not include any proceeds, products, substitutions or replacements of Excluded Property (unless
such proceeds, products, substitutions or replacements would otherwise constitute Excluded Property). 

  
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 “Guaranteed Obligations” has the meaning set forth in
Section 2.1. 
 “Guarantor” means each Grantor (other than the Borrower) with
respect to the obligations of the Borrower. 
 “Guarantee” means the guarantee of the Guaranteed
Obligations made by the Guarantors as set forth in this Agreement. 
 “Internet Domain Name”
means all right, title and interest (and all related IP Ancillary Rights) arising under any Requirement of Law in or relating to Internet domain names. 
 “Material Intellectual Property” means Intellectual Property that is owned by or licensed to a Grantor and material to the conduct of any Grantor’s business. 

“Pledged Certificated Stock” means all certificated securities and any other Stock or Stock Equivalent of
any Person evidenced by a certificate, instrument or other similar document of title, in each case owned by any Grantor, and any distribution of property made on, in respect of or in exchange for the foregoing from time to time, including all Stock
and Stock Equivalents listed on Schedule 1. Pledged Certificated Stock excludes any Excluded Property and any Cash Equivalents that are not held in Controlled Securities Accounts to the extent permitted by Section 5.9 hereof.

 “Pledged Collateral” means, collectively, the Pledged Stock and the Pledged Debt Instruments.

 “Pledged Debt Instruments” means all right, title and interest of any Grantor in instruments
evidencing any Indebtedness owed to such Grantor or other obligations owed to such Grantor, and any distribution of property made on, in respect of or in exchange for the foregoing from time to time, including all Indebtedness described on
Schedule 1, issued by the obligors named therein. Pledged Debt Instruments excludes any Cash Equivalents that are not held in Controlled Securities Accounts to the extent permitted by Section 5.9 hereof. 

“Pledged Investment Property” means any investment property of any Grantor, and any distribution of
property made on, in respect of or in exchange for the foregoing from time to time, other than any Pledged Stock or Pledged Debt Instruments. Pledged Investment Property excludes any Cash Equivalents that are not held in Controlled Securities
Accounts to the extent permitted by Section 5.9 hereof. 
 “Pledged Stock” means all
Pledged Certificated Stock and all Pledged Uncertificated Stock. 
 “Pledged Uncertificated
Stock” means any Stock or Stock Equivalent of any Person that is not Pledged Certificated Stock, including all right, title and interest of any Grantor as a limited or general partner in any partnership not constituting Pledged Certificated
Stock, all right, title and interest of any Grantor in, to and under any Organization Document of any partnership to which it is a party, and any distribution of property made on, in respect of or in exchange for the foregoing from time to time,
including in each case those interests set forth on Schedule 1, to the extent such interests are not certificated. Pledged Uncertificated Stock excludes any Excluded Property and any Cash Equivalents that are not held in Controlled Securities
Accounts to the extent permitted by Section 5.9 hereof. 

  
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 “Receiver” means a receiver, a manager or a receiver and
manager. 
 “Secured Obligations” has the meaning specified in Section 3.2.

 “Software” means (a) all computer programs, including source code and object code
versions, (b) all data, databases and compilations of data, whether machine readable or otherwise, and (c) all documentation, training materials and configurations related to any of the foregoing. 

“STA” means the Securities Transfer Act, 2006 (Ontario), as such legislation may be amended,
renamed or replaced from time to time, and includes all regulations from time to time made under such legislation 
 Section
1.2 Certain Other Terms. 
 (a) The meanings given to terms defined herein shall be equally applicable
to both the singular and plural forms of such terms. The terms “herein”, “hereof” and similar terms refer to this Agreement as a whole and not to any particular Article, Section or clause in this Agreement. References herein to
an Annex, Schedule, Article, Section or clause refer to the appropriate Annex or Schedule to, or Article, Section or clause in this Agreement. Where the context requires, provisions relating to any Collateral when used in relation to a Grantor shall
refer to such Grantor’s Collateral or any relevant part thereof. 
 (b) Other Interpretive
Provisions. 
 (i) Defined Terms. Unless otherwise specified herein or therein, all terms defined in
this Agreement shall have the defined meanings when used in any certificate or other document made or delivered pursuant hereto. 
 (ii) The Agreement. The words “hereof”, “herein”, “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. 
 (iii) Certain Common Terms. The term
“including” is not limiting and means “including without limitation.” 
 (iv) Performance;
Time. Whenever any performance obligation hereunder (other than a payment obligation) shall be stated to be due or required to be satisfied on a day other than a Business Day, such performance shall be made or satisfied on the next succeeding
Business Day. In the computation of periods of time from a specified date to a later specified date, the word “from” means “from and including”; the words “to” and “until” each mean “to but
excluding”, and the word “through” means “to and including.” If any provision of this Agreement refers to any action taken or to be taken by any Person, or which such Person is prohibited from taking, such provision shall be
interpreted to encompass any and all means, direct or indirect, of taking, or not taking, such action. 

  
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 (v) Contracts. Unless otherwise expressly provided herein, references
to agreements and other contractual instruments, including this Agreement and the other Loan Documents, shall be deemed to include all subsequent amendments, thereto, restatements and substitutions thereof and other modifications and supplements
thereto which are in effect from time to time, but only to the extent such amendments and other modifications are not prohibited by the terms of any Loan Document. 

(vi) Laws. References to any statute or regulation are to be construed as including all statutory and regulatory
provisions related thereto or consolidating, amending, replacing, supplementing or interpreting the statute or regulation. 

ARTICLE II 

GUARANTEE 

Section 2.1 Guarantee. 
 To induce the Lenders to continue making the Loans, the L/C Issuers to Issue Letters of Credit and each other Secured Party to continue making credit available to or for the benefit of the Borrower,
each Guarantor hereby, jointly and severally, absolutely, unconditionally and irrevocably guarantees, as primary obligor and not merely as surety, the full and punctual payment when due, whether at stated maturity or earlier, by reason of
acceleration, mandatory prepayment or otherwise in accordance with any Loan Document, of all the Obligations of the Borrower whether existing on the date hereof or hereinafter incurred or created (the “Guaranteed Obligations”). This
Guarantee by each Guarantor hereunder constitutes a guarantee of payment and not of collection. 
 Section 2.2 Payment
on Demand. Each Guarantor shall, upon demand by Agent, make immediate payment to the holders of the Guaranteed Obligations the entire outstanding Guaranteed Obligations due and owing to such holders. Any such payment by any Guarantor shall be
made to Agent in immediately available funds to an account designated by Agent or at the address set forth herein for the giving of notice to Agent or at any other address that may be specified in writing from time to time by Agent, and shall be
credited and applied to the Guaranteed Obligations. In addition, each payment to be made by Guarantor under this Guarantee shall be payable in the currency or currencies in which such Guaranteed Obligations are denominated and shall be made without
set-off or counterclaim. 
 Section 2.3 Authorization; Other Agreements. The Secured Parties are hereby
authorized, without notice to or demand upon any Guarantor and without discharging or otherwise affecting the obligations of any Guarantor hereunder and without incurring any liability hereunder, from time to time, to do each of the following:

 (a) (i) subject to compliance, if applicable, with Section 9.1 of the Credit Agreement, modify,
amend, supplement or otherwise change, (ii) accelerate or otherwise change the time of payment or (iii) waive or otherwise consent to noncompliance with, any Guaranteed Obligation or any Loan Document; 

  
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 (b) apply to the Guaranteed Obligations any sums by whomever paid or however
realized to any Guaranteed Obligation in such order as provided in the Loan Documents; 
 (c) refund at any time
any payment received by any Secured Party in respect of any Guaranteed Obligation; 
 (d) (i) sell, exchange,
enforce, waive, substitute, liquidate, terminate, release, abandon, fail to perfect, subordinate, accept, substitute, surrender, exchange, affect, impair or otherwise alter or release any Collateral for any Guaranteed Obligation or any other
guarantee therefor in any manner, (ii) receive, take and hold additional Collateral to secure any Guaranteed Obligation, (iii) add, release or substitute any one or more other Guarantors, makers or endorsers of any Guaranteed Obligation or
any part thereof and (iv) otherwise deal in any manner with the Borrower or any other Guarantor, maker or endorser of any Guaranteed Obligation or any part thereof; and 

(e) settle, release, compromise, collect or otherwise liquidate the Guaranteed Obligations. 

Section 2.4 Guarantee Absolute and Unconditional. Each Guarantor hereby waives and agrees not to assert any defence,
whether arising in connection with or in respect of any of the following or otherwise, and hereby agrees that its obligations under this Guarantee are irrevocable, absolute and unconditional and shall not be discharged as a result of or otherwise
affected by any of the following (which may not be pleaded and evidence of which may not be introduced in any proceeding with respect to this Guarantee, in each case except as otherwise agreed in writing by Agent): 

(a) the invalidity or unenforceability of any obligation of the Borrower or any Guarantor under any Loan Document or any
other agreement or instrument relating thereto (including any amendment, consent or waiver thereto), or any security for, or other guarantee of, any Guaranteed Obligation or any part thereof, or the lack of perfection or continuing perfection or
failure of priority of any security for the Guaranteed Obligations or any part thereof; 
 (b) the absence of
(i) any attempt to collect any Guaranteed Obligation or any part thereof from the Borrower or any Guarantor or other action to enforce the same or (ii) any action to enforce any Loan Document or any Lien thereunder; 

(c) the failure by any Person to take any steps to perfect and maintain any Lien on, or to preserve any rights with
respect to, any Collateral; 

  
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 (d) any workout, insolvency, bankruptcy proceeding, reorganization,
arrangement, liquidation or dissolution by or against the Borrower, any Guarantor or any of the Borrower’s Subsidiaries or any procedure, agreement, order, stipulation, election, action or omission thereunder, including any discharge or
disallowance of, or bar or stay against collecting, any Guaranteed Obligation (or any interest thereon) in or as a result of any such proceeding; 
 (e) any foreclosure, whether or not through judicial sale, and any other sale or other disposition of any Collateral or any election following the occurrence of an Event of Default by any Secured Party to
proceed separately against any Collateral in accordance with such Secured Party’s rights under any applicable Requirement of Law; or 
 (f) any other defence, setoff, counterclaim or any other circumstance that might otherwise constitute a legal or equitable discharge of the Borrower, any Guarantor or any other Subsidiary of the Borrower,
in each case other than the payment in full of the Guaranteed Obligations. 
 Section 2.5 Waivers. Each Guarantor
hereby unconditionally and irrevocably waives and agrees not to assert any claim, defence, setoff or counterclaim based on diligence, promptness, presentment, requirements for any demand or notice hereunder including any of the following:
(a) any demand for payment or performance and protest and notice of protest; (b) any notice of acceptance; (c) any presentment, demand, protest or further notice or other requirements of any kind with respect to any Guaranteed
Obligation (including any accrued but unpaid interest thereon) becoming immediately due and payable; and (d) any other notice in respect of any Guaranteed Obligation or any part thereof, and any defence arising by reason of any disability or
other defence of the Borrower or any other Guarantor. Each Guarantor further unconditionally and irrevocably agrees not to (x) enforce or otherwise exercise any right of subrogation or any right of reimbursement or contribution or similar right
against the Borrower or any other Guarantor by reason of any Loan Document or any payment made thereunder or (y) assert any claim, defence, setoff or counterclaim it may have against any other Credit Party or set off any of its obligations to
such other Credit Party against obligations of such Credit Party to such Guarantor. No obligation of any Guarantor hereunder shall be discharged other than by complete performance. 

Section 2.6 Reliance. Each Guarantor hereby assumes responsibility for keeping itself informed of the financial condition
of the Borrower, each other Guarantor and any other guarantor, maker or endorser of any Guaranteed Obligation or any part thereof, and of all other circumstances bearing upon the risk of nonpayment of any Guaranteed Obligation or any part thereof
that diligent inquiry would reveal, and each Guarantor hereby agrees that no Secured Party shall have any duty to advise any Guarantor of information known to it regarding such condition or any such circumstances. In the event any Secured Party, in
its sole discretion, undertakes at any time or from time to time to provide any such information to any Guarantor, such Secured Party shall be under no obligation to (a) undertake any investigation not a part of its regular business routine,
(b) disclose any information that such Secured Party, pursuant to accepted or reasonable commercial finance or banking practices, wishes to maintain confidential or (c) make any future disclosures of such information or any other
information to any Guarantor. 

  
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 ARTICLE III 
 GRANT OF SECURITY INTEREST 
 Section 3.1 Collateral. For the
purposes of this Agreement, all right, title and interest in and to any and all property and interests in property of each Grantor whether now owned or hereafter created, acquired or arising, including, without limitation, all of the following
property now owned or at any time hereafter created, acquired or arising by such Grantor or in which such Grantor now has or at any time in the future may acquire any right, title or interest is collectively referred to as the
“Collateral”: 
 (a) all accounts, chattel paper, Deposit Accounts, documents of title,
equipment, intangibles, instruments, inventory and investment property; 
 (b) all books and records pertaining
to the other property described in this Section 3.1; 
 (c) all property of such Grantor held by any
Secured Party, including all property of every description, in the custody of or in transit to such Secured Party for any purpose, including safekeeping, collection or pledge, for the account of such Grantor or as to which such Grantor may have any
right or power, including but not limited to cash; 
 (d) all other goods (including but not limited to fixtures)
and personal property of such Grantor, whether tangible or intangible and wherever located; and 
 (e) to the
extent not otherwise included, all proceeds of the foregoing; 
 Section 3.2 Grant of Security Interest in
Collateral. Each Grantor, as collateral security for the prompt and complete payment and performance when due (whether at stated maturity, by acceleration or otherwise) of the Obligations of such Grantor (the “Secured
Obligations”), hereby mortgages, pledges and hypothecates to Agent for the benefit of the Secured Parties, and grants to Agent for the benefit of the Secured Parties a Lien on and security interest in, all of its right, title and interest
in, to and under the Collateral of such Grantor; provided, however, notwithstanding the foregoing and any other term of this Agreement, no Lien or security interest is hereby granted on any Excluded Property; provided,
further, that if and when any property shall cease to be Excluded Property, a Lien on and security in such property shall be deemed granted therein. Each Grantor hereby represents and warrants that the Excluded Property, when taken as a
whole, is not material to the business operations or financial condition of the Grantors, taken as a whole. 
 Section
3.3 Attachment; No Obligation to Advance. Each Grantor confirms that value has been given by the Secured Parties to such Grantor, that such Grantor has rights in the Collateral existing at the date of this Agreement and that such Grantor
and the Agent have not agreed to postpone the time for attachment of the security interests created hereby to any of the Collateral. The security interests granted hereby will have effect and be deemed to be effective whether or not the Secured
Obligations or any part thereof are owing or in existence before or after or upon the date of this Agreement. Neither the execution and delivery of this Agreement nor the provision of any financial accommodation by any Secured Party shall oblige any
Secured Party to make any financial accommodation or further financial accommodation available to the Borrower or any other Person. 

  
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 ARTICLE IV 
 REPRESENTATIONS AND WARRANTIES 
 To induce the Lenders, the L/C Issuers and
Agent to enter into the Loan Documents, each Grantor hereby represents and warrants each of the following to Agent, the Lenders, the L/C Issuers and the other Secured Parties: 
 Section 4.1 Title; No Other Liens. Except for the Lien granted to Agent pursuant to this Agreement and under any other Loan Document and other Permitted Liens, such Grantor owns each item of
the Collateral free and clear of any and all Liens or claims of others. Such Grantor (a) is the record and beneficial owner of the Collateral pledged by it hereunder constituting instruments or certificates and (b) has rights in or the
power to transfer each other item of Collateral in which a Lien is granted by it hereunder, free and clear of any other Lien. 

Section 4.2 Perfection and Priority. The security interest granted pursuant to this Agreement constitutes a valid and
continuing perfected security interest in favour of Agent in all Collateral. Such security interest shall be prior to all other Liens on the Collateral except for Permitted Liens upon (i) in the case of all Pledged Certificated Stock, Pledged
Debt Instruments and Pledged Investment Property, the delivery thereof to Agent of such Pledged Certificated Stock, Pledged Debt Instruments and Pledged Investment Property consisting of instruments and certificates, in each case properly endorsed
for transfer to Agent or in blank, (ii) in the case of all Pledged Investment Property not in certificated form, the execution of Control Agreements with respect to such investment property and (iii) in the case of all other instruments
and chattel paper that are not Pledged Certificated Stock, Pledged Debt Instruments or Pledged Investment Property, the delivery thereof to Agent of such instruments and chattel paper. Except as set forth in this Section 4.2, all actions
by each Grantor necessary or desirable to protect and perfect the Lien granted hereunder on the Collateral have been duly taken. 
 Section 4.3 Pledged Collateral. (a) The Pledged Stock pledged by such Grantor hereunder (i) is listed on Schedule 1 and constitutes that percentage of the issued and
outstanding equity of all classes of each issuer thereof as set forth on Schedule 1, (ii) to the knowledge of the Grantor, has been duly authorized, validly issued and is fully paid and if applicable, non-assessable and (iii) to the
knowledge of the Grantor, constitutes the legal, valid and binding obligation, if applicable, of the obligor with respect thereto, enforceable in accordance with its terms. 

  
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 (b) As of the Closing Date, all Pledged Collateral (other than Pledged
Uncertificated Stock) and all Pledged Investment Property consisting of instruments and certificates has been delivered to Agent in accordance with subsection 5.2(a). 

(c) During the continuance of an Event of Default, Agent shall be entitled to exercise all of the rights of the Grantor
granting the security interest in any Pledged Stock, and a transferee or assignee of such Pledged Stock shall become a holder of such Pledged Stock to the same extent as such Grantor and be entitled to participate in the management of the issuer of
such Pledged Stock and, upon the transfer of the entire interest of such Grantor, such Grantor shall, by operation of law, cease to be a holder of such Pledged Stock. 
 Section 4.4 Instruments and Chattel Paper Formerly Accounts. No amount payable to such Grantor under or in connection with any account is evidenced by any instrument or chattel paper that
has not been delivered to Agent, properly endorsed for transfer, to the extent delivery is required by subsection 5.5(a). 
 Section 4.5 Intellectual Property. On the Closing Date, all Material Intellectual Property owned by such Grantor is valid, in full force and effect, subsisting, unexpired and enforceable,
and no Material Intellectual Property has been abandoned. No breach or default of any material IP License shall be caused by any of the following, and none of the following shall limit or impair the ownership, use, validity or enforceability of, or
any rights of such Grantor in, any Material Intellectual Property: (i) the consummation of the transactions contemplated by any Loan Document or (ii) any holding, decision, judgment or order rendered by any Governmental Authority. There
are no pending (or, to the knowledge of such Grantor, threatened) actions, investigations, suits, proceedings, audits, claims, demands, orders or disputes challenging the ownership, use, validity, enforceability of, or such Grantor’s rights in,
any Material Intellectual Property of such Grantor. To such Grantor’s knowledge, no Person has been or is infringing, misappropriating, diluting, violating or otherwise impairing any Intellectual Property of such Grantor. Such Grantor, and to
such Grantor’s knowledge each other party thereto, is not in material breach or default of any material IP License. 

Section 4.6 Enforcement. No Permit, notice to or filing with any Governmental Authority or any other Person or any consent
from any Person is required for the exercise by Agent of its rights (including voting rights) provided for in this Agreement or the enforcement of remedies in respect of the Collateral (other than Excluded Property) pursuant to this Agreement,
including the transfer of any Collateral (other than Excluded Property), except as may be required in connection with the disposition of any portion of the Pledged Collateral by laws affecting the offering and sale of securities generally or any
approvals that may be required to be obtained from any bailees or landlords to collect the Collateral. 
 Section 4.7
Representations and Warranties of the Credit Agreement. The representations and warranties as to such Grantor and its Subsidiaries made in Article III (Representations and Warranties) of the Credit Agreement are true and correct on
each date as required by Section 2.2(a) of the Credit Agreement. 

  
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 ARTICLE V 
 COVENANTS 
 Each Grantor agrees with Agent to the following, as long as any
Obligation or Commitment remains outstanding (other than contingent indemnification Obligations to the extent no claim giving rise thereto has been asserted): 
 Section 5.1 Maintenance of Perfected Security Interest; Further Documentation and Consents. (a) Generally. Such Grantor shall (i) not use or permit any Collateral to be used
unlawfully or in violation of any provision of any Loan Document, any Requirement of Law or any policy of insurance covering the Collateral and (ii) not enter into any Contractual Obligation or undertaking restricting the right or ability of
such Grantor or Agent to sell, assign, convey or transfer any Collateral if such restriction would reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. 

(b) Such Grantor shall maintain the security interest created by this Agreement as a perfected security interest having at
least the priority described in Section 4.2 and shall defend such security interest and such priority against the claims and demands of all Persons. 
 (c) Such Grantor shall furnish to Agent from time to time statements and schedules further identifying and describing the Collateral and such other documents in connection with the Collateral as Agent may
reasonably request, all in reasonable detail and in form and substance satisfactory to Agent. 
 (d) At any time
and from time to time, upon the written request of Agent, such Grantor shall, for the purpose of obtaining or preserving the full benefits of this Agreement and of the rights and powers herein granted, (i) promptly and duly execute and deliver,
and have recorded, such further documents, including an authorization to file (or, as applicable, the filing) of any financing statement or financing change statement under the PPSA (or other filings under similar Requirements of Law) in effect in
any jurisdiction with respect to the security interest created hereby and (ii) take such further action as Agent may reasonably request, including (A) using its best efforts to secure all approvals necessary or appropriate for the
assignment to or for the benefit of Agent of any Contractual Obligation, including any IP License, held by such Grantor and to enforce the security interests granted hereunder and (B) executing and delivering any Control Agreements with respect
to Deposit Accounts and securities accounts. 
 (e) To ensure that a Lien and security interest is granted on any
of the Excluded Property set forth in clause (ii) of the definition of “Excluded Property”, such Grantor shall use its best efforts to obtain any required consents from any Person other than the Borrower and its Affiliates with
respect to any permit or license or any Contractual Obligation with such Person entered into by such Grantor that requires such consent as a condition to the creation by such Grantor of a Lien on any right, title or interest in such permit, license
or Contractual Obligation or any Stock or Stock Equivalent related thereto. 

  
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 Section 5.2 Pledged Collateral. (a) Delivery of Pledged
Collateral. Such Grantor shall (i) deliver to Agent, in suitable form for transfer and in form and substance satisfactory to Agent, (A) all Pledged Certificated Stock, (B) all Pledged Debt Instruments and (C) all certificates
and instruments evidencing Pledged Investment Property and (ii) maintain all other Pledged Investment Property in a Controlled Securities Account. 
 (b) Event of Default. During the continuance of an Event of Default, Agent shall have the right, at any time in its discretion and without notice to the Grantor, to (i) transfer to or to
register in its name or in the name of its nominees any Pledged Collateral or any Pledged Investment Property and (ii) exchange any certificate or instrument representing or evidencing any Pledged Collateral or any Pledged Investment Property
for certificates or instruments of smaller or larger denominations. 
 (c) Cash Distributions with respect to
Pledged Collateral. Except as provided in Article VI and subject to the limitations set forth in the Credit Agreement, such Grantor shall be entitled to receive all cash distributions paid in respect of the Pledged Collateral.

 (d) Voting Rights. Except as provided in Article VI, such Grantor shall be entitled to
exercise all voting, consent and corporate, partnership and similar rights with respect to the Pledged Collateral; provided, however, that no vote shall be cast, consent given or right exercised or other action taken by such Grantor
that would impair the Collateral or be inconsistent with or result in any violation of any provision of any Loan Document. 

Section 5.3 Accounts. 
 (a) Such Grantor shall not, other than in the ordinary course of business, (i) grant any extension of the time of payment of any Account, (ii) compromise or settle any Account for less than the
full amount thereof, (iii) release, wholly or partially, any Person liable for the payment of any account, (iv) allow any credit or discount on any account or (v) amend, supplement or modify any account in any manner that could
adversely affect the value thereof. 
 (b) Agent shall have the right to make test verifications of the Accounts
in any manner and through any medium that it reasonably considers advisable, and such Grantor shall furnish all such assistance and information as Agent may reasonably require in connection therewith. At any time and from time to time, upon
Agent’s reasonable request, such Grantor shall cause independent public accountants or others satisfactory to Agent to furnish to Agent reports showing reconciliations, aging and test verifications of, and trial balances for, the accounts;
provided, however, that unless an Event of Default shall be continuing, Agent shall request no more than four such reports during any calendar year. 
 Section 5.4 Futures Contracts. Such Grantor shall not have any futures contract unless subject to a Control Agreement. 

Section 5.5 Delivery of Instruments and Chattel Paper and Control of Investment Property. (a) If any amount in excess
of $100,000 payable under or in connection with any Collateral owned by such Grantor shall be or become evidenced by an instrument or chattel paper other than such instrument delivered in accordance with subsection 5.2(a) and in the
possession of Agent, such Grantor shall mark all such instruments and chattel paper with the following legend: “This writing and the obligations evidenced or secured hereby are subject to the security interest of GE Canada Finance Holding
Company, as Agent” and, at the request of Agent, shall immediately deliver such instrument or chattel paper to Agent, duly endorsed in a manner satisfactory to Agent. 

  
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 (b) Such Grantor shall not grant “control” (within the
meaning of such term under Sections 23 to 26 of the STA) over any investment property to any Person other than Agent. 
 (c) If such Grantor is or becomes the beneficiary of a letter of credit that is in excess of $100,000, such Grantor shall promptly, and in any event within two Business Days after becoming a beneficiary,
notify Agent thereof and, within ten (10) Business Days thereafter, enter into a Contractual Obligation with Agent and the issuer of such letter of credit. Such Contractual Obligation shall assign by way of security the rights under such letter
of credit to Agent. Such Contractual Obligation shall also direct all payments thereunder to a Cash Collateral Account. The provisions of the Contractual Obligation shall be in form and substance reasonably satisfactory to Agent. 

(d) If any amount in excess of $100,000 payable under or in connection with any Collateral owned by such Grantor shall be
or become evidenced by chattel paper, such Grantor shall take all steps necessary to grant Agent control of all such chattel paper. 
 Section 5.6 Intellectual Property. (a) Within 30 days after any change to Schedule 3.16 to the Credit Agreement for such Grantor, such Grantor shall provide Agent
notification thereof and the short-form intellectual property agreements and assignments as described in this Section 5.6 and any other documents that Agent reasonably requests with respect thereto. 

(b) Such Grantor shall (and shall cause all its licensees to) (i) (1) continue to use each Trademark included in the
Material Intellectual Property in order to maintain such Trademark in full force and effect with respect to each class of goods for which such Trademark is currently used, free from any claim of abandonment for non-use, (2) maintain at least
the same standards of quality of products and services offered under such Trademark as are currently maintained, (3) use such Trademark with the appropriate notice of registration and all other notices and legends required by applicable
Requirements of Law, (4) not adopt or use any other Trademark that is confusingly similar or a colorable imitation of such Trademark unless Agent shall obtain a perfected security interest in such other Trademark pursuant to this Agreement and
(ii) not do any act or omit to do any act whereby (w) such Trademark (or any goodwill associated therewith) may become destroyed, invalidated, impaired or harmed in any way, (x) any Patent included in the Material Intellectual
Property may become forfeited, misused, unenforceable, abandoned or dedicated to the public, (y) any portion of the Copyrights included in the Material Intellectual Property may become invalidated, otherwise impaired or fall into the public
domain or (z) any Trade Secret that is Material Intellectual Property may become publicly available or otherwise unprotectable. 

  
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 (c) Such Grantor shall notify Agent immediately if it knows, or has reason
to know, that any application or registration relating to any Material Intellectual Property may become forfeited, misused, unenforceable, abandoned or dedicated to the public, or of any adverse determination or development regarding the validity or
enforceability or such Grantor’s ownership of, interest in, right to use, register, own or maintain any Material Intellectual Property (including the institution of, or any such determination or development in, any proceeding relating to the
foregoing in any Applicable IP Office). Such Grantor shall take all actions that are necessary or reasonably requested by Agent to maintain and pursue each application (and to obtain the relevant registration or recordation) and to maintain each
registration and recordation included in the Material Intellectual Property. 
 (d) Such Grantor shall not
knowingly do any act or omit to do any act to infringe, misappropriate, dilute, violate or otherwise impair the Intellectual Property of any other Person. In the event that any Material Intellectual Property of such Grantor is or has been infringed,
misappropriated, violated, diluted or otherwise impaired by a third party, such Grantor shall take such action as it reasonably deems appropriate under the circumstances in response thereto, including promptly bringing suit and recovering all
damages therefor. 
 (e) Such Grantor shall execute and deliver to Agent in form and substance reasonably
acceptable to Agent and suitable for (i) filing in the Applicable IP Office the short-form intellectual property security agreements in the form attached hereto as Annex 3 for all Copyrights, Trademarks, Patents and IP Licenses of such
Grantor and (ii) recording with the appropriate Internet domain name registrar, a duly executed form of assignment for all Internet Domain Names of such Grantor (together with appropriate supporting documentation as may be requested by Agent).

 Section 5.7 Notices. Such Grantor shall promptly notify Agent in writing of its acquisition of any interest
hereafter in property that is of a type where a security interest or lien must be or may be registered, recorded or filed under, or notice thereof given under, any federal statute or regulation. 

Section 5.8 Controlled Securities Account. Each Grantor shall deposit all of its Cash Equivalents in securities accounts
that are Controlled Securities Accounts. 
 ARTICLE VI 

REMEDIAL PROVISIONS 
 Section 6.1 PPSA and Other Remedies. (a) PPSA Remedies. During the continuance of an Event of Default, Agent may exercise, in addition to all other rights and remedies granted to
it in this Agreement and in any other instrument or agreement securing, evidencing or relating to any Secured Obligation, all rights and remedies of a secured party under the PPSA or any other applicable law. 

  
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 (b) Disposition of Collateral. Without limiting the generality of the
foregoing, Agent may, without demand of performance or other demand, presentment, protest, advertisement or notice of any kind (except any notice required by law referred to below) to or upon any Grantor or any other Person (all and each of which
demands, defenses, advertisements and notices are hereby waived), during the continuance of any Event of Default (personally or through its agents or attorneys), (i) to the extent permitted by the PPSA and the applicable Requirements of Law
enter upon the premises where any Collateral is located, without any obligation to pay rent to any Grantor, through self-help, without judicial process, without first obtaining a final judgment or giving any Grantor or any other Person notice or
opportunity for a hearing on Agent’s claim or action, (ii) collect, receive, appropriate and realize upon any Collateral (other than Excluded Property) and (iii) sell, assign, convey, transfer, grant option or options to purchase and
deliver any Collateral (other than Excluded Property) (and enter into Contractual Obligations to do any of the foregoing), in one or more parcels at public or private sale or sales, at any exchange, broker’s board or office of any Secured Party
or elsewhere upon such terms and conditions as it may deem advisable and at such prices as it may deem best, for cash or on credit or for future delivery without assumption of any credit risk. Agent shall have the right, upon any such public sale or
sales and, to the extent permitted by the PPSA and other applicable Requirements of Law, upon any such private sale, to purchase the whole or any part of the Collateral so sold, free of any right or equity of redemption of any Grantor, which right
or equity is hereby waived and released. 
 (c) Management of the Collateral. Each Grantor further agrees,
that, during the continuance of any Event of Default, (i) at Agent’s request, it shall assemble the Collateral and make it available to Agent at places that Agent shall reasonably select, whether at such Grantor’s premises or
elsewhere, (ii) without limiting the foregoing, Agent also has the right to require that each Grantor store and keep any Collateral pending further action by Agent and, while any such Collateral is so stored or kept, provide such guards and
maintenance services as shall be necessary to protect the same and to preserve and maintain such Collateral in good condition, (iii) until Agent is able to sell, assign, convey or transfer any Collateral, Agent shall have the right to hold or
use such Collateral (other than Excluded Property) to the extent that it deems appropriate for the purpose of preserving the Collateral or its value or for any other purpose deemed appropriate by Agent and (iv) Agent may, if it so elects, seek
the appointment of a receiver or keeper to take possession of any Collateral (other than Excluded Property) and to enforce any of Agent’s remedies (for the benefit of the Secured Parties), with respect to such appointment without prior notice
or hearing as to such appointment. Agent shall not have any obligation to any Grantor to maintain or preserve the rights of any Grantor as against third parties with respect to any Collateral while such Collateral is in the possession of Agent.

 (d) Appointment of Receiver. Agent may appoint by instrument in writing one or more Receivers of any
Grantor or any or all of the Collateral (other than Excluded Property) with such rights, powers and authority (including any or all of the rights, powers and authority of the Agent under this Agreement) as may be provided for in the instrument of
appointment or any supplemental instrument, and remove and replace any such Receiver from time to time. To the extent permitted by applicable law, any Receiver appointed by the Agent will (for purposes relating to responsibility for the
Receiver’s acts or omissions) be considered to be the agent of such Grantor and not of the Agent or any of the other Secured Parties. 

  
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 (e) Application of Proceeds. Agent shall apply the cash proceeds of
any action taken by it pursuant to this Section 6.1, after deducting all reasonable costs and expenses of every kind incurred in connection therewith or incidental to the care or safekeeping of any Collateral or in any way relating to
the Collateral or the rights of Agent and any other Secured Party hereunder, including reasonable legal fees and disbursements, to the payment in whole or in part of the Secured Obligations, as set forth in the Credit Agreement, and only after such
application and after the payment by Agent of any other amount required by any Requirement of Law, need Agent account for the surplus, if any, to any Grantor. 
 (f) Direct Obligation. Neither Agent nor any other Secured Party shall be required to make any demand upon, or pursue or exhaust any right or remedy against, any Grantor, any other Credit Party or
any other Person with respect to the payment of the Obligations or to pursue or exhaust any right or remedy with respect to any Collateral therefor or any direct or indirect guarantee thereof. All of the rights and remedies of Agent and any other
Secured Party under any Loan Document shall be cumulative, may be exercised individually or concurrently and not exclusive of any other rights or remedies provided by any Requirement of Law. To the extent it may lawfully do so, each Grantor
absolutely and irrevocably waives and relinquishes the benefit and advantage of, and covenants not to assert against Agent or any other Secured Party, any valuation, stay, appraisement, extension, redemption or similar laws and any and all rights or
defenses it may have as a surety, now or hereafter existing, arising out of the exercise by them of any rights hereunder. If any notice of a proposed sale or other disposition of any Collateral shall be required by law, such notice shall be deemed
reasonable and proper if given at least 10 days before such sale or other disposition. 
 (g) Commercially
Reasonable. To the extent that applicable Requirements of Law impose duties on Agent to exercise remedies in a commercially reasonable manner, each Grantor acknowledges and agrees that it is not commercially unreasonable for Agent to do any of
the following: 
 (i) fail to incur significant costs, expenses or other Liabilities reasonably deemed as such by
Agent to prepare any Collateral for disposition or otherwise to complete raw material or work in process into finished goods or other finished products for disposition; 

(ii) fail to obtain Permits, or other consents, for access to any Collateral to sell or for the collection or sale of any
Collateral, or, if not required by other Requirements of Law, fail to obtain Permits or other consents for the collection or disposition of any Collateral; 
 (iii) fail to exercise remedies against Account Debtors or other Persons obligated on any Collateral or to remove Liens on any Collateral or to remove any adverse claims against any Collateral;

 (iv) advertise dispositions of any Collateral through publications or media of general circulation, whether or
not such Collateral is of a specialized nature, or to contact other Persons, whether or not in the same business as any Grantor, for expressions of interest in acquiring any such Collateral; 

  
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 (v) exercise collection remedies against Account Debtors and other Persons
obligated on any Collateral, directly or through the use of collection agencies or other collection specialists, hire one or more professional auctioneers to assist in the disposition of any Collateral, whether or not such Collateral is of a
specialized nature, or, to the extent deemed appropriate by Agent, obtain the services of other brokers, investment bankers, consultants and other professionals to assist Agent in the collection or disposition of any Collateral, or utilize Internet
sites that provide for the auction of assets of the types included in the Collateral or that have the reasonable capacity of doing so, or that match buyers and sellers of assets to dispose of any Collateral; 

(vi) dispose of assets in wholesale rather than retail markets; 

(vii) disclaim disposition warranties, such as title, possession or quiet enjoyment; or 

(viii) purchase insurance or credit enhancements to insure Agent against risks of loss, collection or disposition of any
Collateral or to provide to Agent a guaranteed return from the collection or disposition of any Collateral. 
 Each Grantor acknowledges that
the purpose of this Section 6.1 is to provide a non-exhaustive list of actions or omissions that are commercially reasonable when exercising remedies against any Collateral and that other actions or omissions by the Secured Parties shall
not be deemed commercially unreasonable solely on account of not being indicated in this Section 6.1. Without limitation upon the foregoing, nothing contained in this Section 6.1 shall be construed to grant any rights to any
Grantor or to impose any duties on Agent that would not have been granted or imposed by this Agreement or by applicable Requirements of Law in the absence of this Section 6.1. 

(h) IP Licenses. For the purpose of enabling Agent to exercise rights and remedies under this
Section 6.1 (including in order to take possession of, collect, receive, assemble, process, appropriate, remove, realize upon, sell, assign, convey, transfer or grant options to purchase any Collateral) at such time as Agent shall be
lawfully entitled to exercise such rights and remedies, each Grantor hereby grants to Agent, for the benefit of the Secured Parties, (i) an irrevocable, nonexclusive, worldwide license (exercisable without payment of royalty or other
compensation to such Grantor), including in such license the right to sublicense, use and practice any Intellectual Property now owned or hereafter acquired by such Grantor and access to all media in which any of the licensed items may be recorded
or stored and to all Software and programs used for the compilation or printout thereof and (ii) an irrevocable license (without payment of rent or other compensation to such Grantor) to use, operate and occupy all real Property owned,
operated, leased, subleased or otherwise occupied by such Grantor. 

  
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 Section 6.2 Accounts and Payments in Respect of Intangibles. (a) In
addition to, and not in substitution for, any similar requirement in the Credit Agreement, if required by Agent at any time during the continuance of an Event of Default, any payment of accounts or payment in respect of intangibles, when collected
by any Grantor, shall be promptly (and, in any event, within two Business Days) deposited by such Grantor in the exact form received, duly endorsed by such Grantor to Agent, in a Cash Collateral Account, subject to withdrawal by Agent as provided in
Section 6.4 or otherwise turned over to the Agent. Until so turned over, such payment shall be held by such Grantor in trust for Agent, segregated from other funds of such Grantor. Each such deposit of proceeds of accounts and payments
in respect of intangibles shall be accompanied by a report identifying in reasonable detail the nature and source of the payments included in the deposit. 
 (b) At any time during the continuance of an Event of Default: 

(i) each Grantor shall, upon Agent’s request, deliver to Agent all original and other documents evidencing, and
relating to, the Contractual Obligations and transactions that gave rise to any account or any payment in respect of intangibles, including all original orders, invoices and shipping receipts and notify Account Debtors that the accounts or
intangibles have been collaterally assigned to Agent and that payments in respect thereof shall be made directly to Agent; 
 (ii) Agent may, without notice, at any time, limit or terminate the authority of a Grantor to collect its accounts or amounts due under intangibles or any thereof and, in its own name or in the name of
others, communicate with Account Debtors to verify with them to Agent’s satisfaction the existence, amount and terms of any account or amounts due under any intangible. In addition, Agent may at any time enforce such Grantor’s rights
against such Account Debtors and obligors of intangibles; and 
 (iii) each Grantor shall take all actions,
deliver all documents and provide all information necessary or reasonably requested by Agent to ensure any Internet Domain Name is registered. 
 (c) Anything herein to the contrary notwithstanding, each Grantor shall remain liable under each account and each payment in respect of intangibles to observe and perform all the conditions and
obligations to be observed and performed by it thereunder, all in accordance with the terms of any agreement giving rise thereto. No Secured Party shall have any obligation or liability under any agreement giving rise to an account or a payment in
respect of an intangible by reason of or arising out of any Loan Document or the receipt by any Secured Party of any payment relating thereto, nor shall any Secured Party be obligated in any manner to perform any obligation of any Grantor under or
pursuant to any agreement giving rise to an account or a payment in respect of an intangible, to make any payment, to make any inquiry as to the nature or the sufficiency of any payment received by it or as to the sufficiency of any performance by
any party thereunder, to present or file any claim, to take any action to enforce any performance or to collect the payment of any amounts that may have been assigned to it or to which it may be entitled at any time or times. 

  
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 Section 6.3 Pledged Collateral. (a) Voting Rights. During the
continuance of an Event of Default, upon notice by Agent to the relevant Grantor or Grantors, Agent or its nominee may exercise (A) any voting, consent, corporate and other right pertaining to the Pledged Collateral at any meeting of
shareholders or partners, as the case may be, of the relevant issuer or issuers of Pledged Collateral or otherwise and (B) any right of conversion, exchange and subscription and any other right, privilege or option pertaining to the Pledged
Collateral as if it were the absolute owner thereof (including the right to exchange at its discretion any Pledged Collateral upon the merger, amalgamation, consolidation, reorganization, recapitalization or other fundamental change in the corporate
or equivalent structure of any issuer of Pledged Stock, the right to deposit and deliver any Pledged Collateral with any committee, depositary, transfer agent, registrar or other designated agency upon such terms and conditions as Agent may
determine), all without liability except to account for property actually received by it; provided, however, that Agent shall have no duty to any Grantor to exercise any such right, privilege or option and shall not be responsible for
any failure to do so or delay in so doing. 
 (b) Proxies. In order to permit Agent to exercise the voting
and other consensual rights that it may be entitled to exercise pursuant hereto and to receive all dividends and other distributions that it may be entitled to receive hereunder, (i) each Grantor shall promptly execute and deliver (or cause to
be executed and delivered) to Agent all such proxies, dividend payment orders and other instruments as Agent may from time to time reasonably request and (ii) without limiting the effect of clause (i) above, such Grantor hereby grants to
Agent an irrevocable proxy to vote all or any part of the Pledged Collateral and to exercise all other rights, powers, privileges and remedies to which a holder of the Pledged Collateral would be entitled (including giving or withholding written
consents of shareholders or partners, as the case may be, calling special meetings of shareholders or partners, as the case may be, and voting at such meetings), which proxy shall be effective, automatically and without the necessity of any action
(including any transfer of any Pledged Collateral on the record books of the issuer thereof) by any other person (including the issuer of such Pledged Collateral or any officer or agent thereof) during the continuance of an Event of Default and
which proxy shall only terminate upon the payment in full of the Secured Obligations (other than contingent indemnification obligations to the extent no claim giving rise thereto has been asserted). 

(c) Authorization of Issuers. Each Grantor hereby expressly and irrevocably authorizes and instructs, without any
further instructions from such Grantor, each issuer of any Pledged Collateral pledged hereunder by such Grantor to (i) comply with any instruction received by it from Agent in writing that states that an Event of Default is continuing and is
otherwise in accordance with the terms of this Agreement and each Grantor agrees that such issuer shall be fully protected from Liabilities to such Grantor in so complying and (ii) unless otherwise expressly permitted hereby or the Credit
Agreement, pay any dividend or make any other payment with respect to the Pledged Collateral directly to Agent. 
 Section
6.4 Proceeds to be Turned over to and Held by Agent. Unless otherwise expressly provided in the Credit Agreement or this Agreement, during the continuance of an Event of Default or if Availability falls below $4,000,000, all proceeds of
any Collateral received by any Grantor hereunder in cash or Cash Equivalents shall be held by such Grantor in trust for Agent and the other Secured Parties, segregated from other funds of such Grantor, and shall, promptly upon receipt by any
Grantor, be turned over to Agent in the exact form received (with any necessary endorsement). All such proceeds of Collateral and any other proceeds of any Collateral received by Agent in cash or Cash Equivalents shall be held by Agent in a Cash
Collateral Account. All proceeds being held by Agent in a Cash Collateral Account (or by such Grantor in trust for Agent) shall continue to be held as collateral security for the Secured Obligations and shall not constitute payment thereof until
applied as provided in the Credit Agreement. 

  
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 Section 6.5 Sale of Pledged Collateral. (a) Each Grantor recognizes that
Agent may be unable to effect a public sale of any Pledged Collateral by reason of certain prohibitions contained in the Securities Act (Ontario) and applicable provincial or foreign securities laws or otherwise or may determine that a public
sale is impracticable, not desirable or not commercially reasonable and, accordingly, may resort to one or more private sales thereof to a restricted group of purchasers that shall be obliged to agree, among other things, to acquire such securities
for their own account for investment and not with a view to the distribution or resale thereof. Each Grantor acknowledges and agrees that any such private sale may result in prices and other terms less favourable than if such sale were a public sale
and, notwithstanding such circumstances, agrees that any such private sale shall be deemed to have been made in a commercially reasonable manner. Agent shall be under no obligation to delay a sale of any Pledged Collateral for the period of time
necessary to permit the issuer thereof to register such securities for public sale under the Securities Act (Ontario) or under applicable provincial securities laws even if such issuer would agree to do so. 

(b) Each Grantor agrees to use its best efforts to do or cause to be done all such other acts as may be necessary to make
such sale or sales of any portion of the Pledged Collateral pursuant to Section 6.1 and this Section 6.5 valid and binding and in compliance with all applicable Requirements of Law. Each Grantor further agrees that a breach
of any covenant contained herein will cause irreparable injury to Agent and other Secured Parties, that Agent and the other Secured Parties have no adequate remedy at law in respect of such breach and, as a consequence, that each and every covenant
contained herein shall be specifically enforceable against such Grantor, and such Grantor hereby waives and agrees not to assert any defence against an action for specific performance of such covenants except for a defence that no Event of Default
has occurred under the Credit Agreement. Each Grantor waives any and all rights of contribution or subrogation upon the sale or disposition of all or any portion of the Pledged Collateral by Agent. 

Section 6.6 Deficiency. Each Grantor shall remain liable for any deficiency if the proceeds of any sale or other
disposition of any Collateral are insufficient to pay the Secured Obligations and the fees and disbursements of any legal counsel employed by Agent or any other Secured Party to collect such deficiency. 

  
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 ARTICLE VII 
 AGENT 
 Section 7.1 Agent’s Appointment as
Attorney-in-Fact. (a) Each Grantor hereby irrevocably constitutes and appoints Agent and any Related Person thereof, with full power of substitution, as its true and lawful attorney-in-fact with full irrevocable power and authority in the
place and stead of such Grantor and in the name of such Grantor or in its own name, for the purpose of carrying out the terms of the Loan Documents, to take any appropriate action and to execute any document or instrument that may be necessary or
desirable to accomplish the purposes of the Loan Documents, and, without limiting the generality of the foregoing, each Grantor hereby gives Agent and its Related Persons the power and right, on behalf of such Grantor, without notice to or assent by
such Grantor, to do any of the following when an Event of Default shall be continuing: 
 (i) in the name of such
Grantor, in its own name or otherwise, take possession of and endorse and collect any cheque, draft, note, acceptance or other instrument for the payment of moneys due under any account or intangible or with respect to any other Collateral and file
any claim or take any other action or proceeding in any court of law or equity or otherwise deemed appropriate by Agent for the purpose of collecting any such moneys due under any account or intangible or with respect to any other Collateral
whenever payable; 
 (ii) in the case of any Intellectual Property owned by or licensed to the Grantors, execute,
deliver and have recorded any document that Agent may request to evidence, effect, publicize or record Agent’s security interest in such Intellectual Property and the goodwill and intangibles of such Grantor relating thereto or represented
thereby; 
 (iii) pay or discharge taxes and Liens levied or placed on or threatened against any Collateral,
effect any repair or pay any insurance called for by the terms of the Credit Agreement (including all or any part of the premiums therefor and the costs thereof); 

(iv) execute, in connection with any sale provided for in Section 6.1 or 6.5, any document to effect or
otherwise necessary or appropriate in relation to evidence the sale of any Collateral; or 
 (v) (A) direct any
party liable for any payment under any Collateral to make payment of any moneys due or to become due thereunder directly to Agent or as Agent shall direct, (B) ask or demand for, and collect and receive payment of and receipt for, any moneys,
claims and other amounts due or to become due at any time in respect of or arising out of any Collateral, (C) sign and endorse any invoice, freight or express bill, bill of lading, storage or warehouse receipt, draft against debtors,
assignment, verification, notice and other document in connection with any Collateral, (D) commence and prosecute any suit, action or proceeding at law or in equity in any court of competent jurisdiction to collect any Collateral and to enforce
any other right in respect of any Collateral, (E) defend any actions, suits, proceedings, audits, claims, demands, orders or disputes brought against such Grantor with respect to any Collateral, (F) settle, compromise or adjust any such
actions, suits, proceedings, audits, claims, demands, orders or disputes and, in connection therewith, give such discharges or releases as Agent may deem appropriate, (G) assign any Intellectual Property owned by the Grantors or any IP Licenses
of the Grantors throughout the world on such terms and conditions and in such manner as Agent shall in its sole discretion determine, including the execution and filing of any document necessary to effectuate or record such assignment and
(H) generally, sell, assign, convey, transfer or grant a Lien on, make any Contractual Obligation with respect to and otherwise deal with, any Collateral as fully and completely as though Agent were the absolute owner thereof for all purposes
and do, at Agent’s option, at any time or from time to time, all acts and things that Agent deems necessary to protect, preserve or realize upon any Collateral and the Secured Parties’ security interests therein and to effect the intent of
the Loan Documents, all as fully and effectively as such Grantor might do. 

  
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 (vi) If any Grantor fails to perform or comply with any Contractual
Obligation contained herein, Agent, at its option, but without any obligation so to do, may perform or comply, or otherwise cause performance or compliance, with such Contractual Obligation. 

(b) The expenses of Agent incurred in connection with actions undertaken as provided in this Section 7.1,
together with interest thereon at a rate set forth in subsection 1.3(c) of the Credit Agreement, from the date of payment by Agent to the date reimbursed by the relevant Grantor, shall be payable by such Grantor to Agent on demand.

 (c) Each Grantor hereby ratifies all that said attorneys shall lawfully do or cause to be done by virtue of
this Section 7.1. All powers, authorizations and agencies contained in this Agreement are coupled with an interest and are irrevocable until this Agreement is terminated and the security interests created hereby are released. 

Section 7.2 Authorization to File Financing Statements. Each Grantor authorizes Agent and its Related Persons, at any time
and from time to time, to file or record financing statements, amendments thereto, financing change statements and other filing or recording documents or instruments with respect to any Collateral in such form and in such offices as Agent reasonably
determines appropriate to perfect the security interests of Agent under this Agreement, and such financing statements and amendments may described the Collateral covered thereby as “all assets of the debtor”. A photographic or other
reproduction of this Agreement shall be sufficient as a financing statement or other filing or recording document or instrument for filing or recording in any jurisdiction. Such Grantor also hereby ratifies its authorization for Agent to have filed
any initial financing statement or amendment thereto under the PPSA (or other similar laws) in effect in any jurisdiction if filed prior to the date hereof. 
 Section 7.3 Authority of Agent. Each Grantor acknowledges that the rights and responsibilities of Agent under this Agreement with respect to any action taken by Agent or the exercise or
non-exercise by Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Agreement shall, as between Agent and the other Secured Parties, be governed by the Credit
Agreement and by such other agreements with respect thereto as may exist from time to time among them, but, as between Agent and the Grantors, Agent shall be conclusively presumed to be acting as agent for the Secured Parties with full and valid
authority so to act or refrain from acting, and no Grantor shall be under any obligation or entitlement to make any inquiry respecting such authority. 

  
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 Section 7.4 Duty; Obligations and Liabilities. (a) Duty of Agent.
Agent’s sole duty with respect to the custody, safekeeping and physical preservation of the Collateral in its possession shall be to deal with it in the same manner as Agent deals with similar property for its own account. The powers conferred
on Agent hereunder are solely to protect Agent’s interest in the Collateral and shall not impose any duty upon Agent to exercise any such powers. Agent shall be accountable only for amounts that it receives as a result of the exercise of such
powers, and neither it nor any of its Related Persons shall be responsible to any Grantor for any act or failure to act hereunder, except for their own gross negligence or wilful misconduct as finally determined by a court of competent jurisdiction.
In addition, Agent shall not be liable or responsible for any loss or damage to any Collateral, or for any diminution in the value thereof, by reason of the act or omission of any warehousemen, carrier, forwarding agency, consignee or other bailee
if such Person has been selected by Agent in good faith. 
 (b) Obligations and Liabilities with respect to
Collateral. No Secured Party and no Related Person thereof shall be liable for failure to demand, collect or realize upon any Collateral or for any delay in doing so or shall be under any obligation to sell or otherwise dispose of any Collateral
upon the request of any Grantor or any other Person or to take any other action whatsoever with regard to any Collateral. The powers conferred on Agent hereunder shall not impose any duty upon any other Secured Party to exercise any such powers. The
other Secured Parties shall be accountable only for amounts that they actually receive as a result of the exercise of such powers, and neither they nor any of their respective officers, directors, employees or agents shall be responsible to any
Grantor for any act or failure to act hereunder, except for their own gross negligence or wilful misconduct as finally determined by a court of competent jurisdiction. 
 ARTICLE VIII 
 MISCELLANEOUS 

Section 8.1 Reinstatement. Each Grantor agrees that, if any payment made by any Credit Party or other Person and applied to
the Secured Obligations is at any time annulled, avoided, set aside, rescinded, invalidated, declared to be fraudulent or preferential or otherwise required to be refunded or repaid, or the proceeds of any Collateral are required to be returned by
any Secured Party to such Credit Party, its estate, trustee, receiver or any other party, including any Grantor, under any bankruptcy law, provincial or federal law, common law or equitable cause, then, to the extent of such payment or repayment,
any Lien or other Collateral securing such liability shall be and remain in full force and effect, as fully as if such payment had never been made. If, prior to any of the foregoing, (a) any Lien or other Collateral securing such Grantor’s
liability hereunder shall have been released or terminated by virtue of the foregoing or (b) any provision of the Guarantee hereunder shall have been terminated, cancelled or surrendered, such Lien, other Collateral or provision shall be reinstated
in full force and effect and such prior release, termination, cancellation or surrender shall not diminish, release, discharge, impair or otherwise affect the obligations of any such Grantor in respect of any Lien or other Collateral securing such
obligation or the amount of such payment. 

  
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 Section 8.2 Release of Collateral. (a) At the time provided in
subsection 8.10(b)(iii) of the Credit Agreement, the Collateral shall be released from the Lien created hereby and this Agreement and all obligations (other than those expressly stated to survive such termination) of Agent and each Grantor
hereunder shall terminate, all without delivery of any instrument or performance of any act by any party, and all rights to the Collateral shall revert to the Grantors. Each Grantor is hereby authorized to file PPSA financing change statements at
such time evidencing the termination of the Liens so released. At the request of any Grantor following any such termination, Agent shall deliver to such Grantor any Collateral of such Grantor held by Agent hereunder and execute and deliver to such
Grantor such documents as such Grantor shall reasonably request to evidence such termination. 
 (b) If Agent
shall be directed or permitted pursuant to subsection 8.10(b) of the Credit Agreement to release any Lien or any Collateral, such Collateral shall be released from the Lien created hereby to the extent provided under, and subject to the terms
and conditions set forth in, subsection 8.10(b) of the Credit Agreement. In connection therewith, Agent, at the request of any Grantor, shall execute and deliver to such Grantor such documents as such Grantor shall reasonably request to
evidence such release. 
 (c) At the time provided in subsection 8.10(b) of the Credit Agreement and at the
request of the Borrower, a Grantor shall be released from its obligations hereunder in the event that all the Stock and Stock Equivalents of such Grantor shall be sold to any Person that is not an Affiliate of the Borrower or the Subsidiaries of the
Borrower in a transaction permitted by the Loan Documents. 
 Section 8.3 Independent Obligations. The obligations
of each Grantor hereunder are independent of and separate from the Secured Obligations and the Guaranteed Obligations. If any Secured Obligation or Guaranteed Obligation is not paid when due, or upon any Event of Default, Agent may, at its sole
election, proceed directly and at once, without notice, against any Grantor and any Collateral to collect and recover the full amount of any Secured Obligation or Guaranteed Obligation then due, without first proceeding against any other Grantor,
any other Credit Party or any other Collateral and without first joining any other Grantor or any other Credit Party in any proceeding. 
 Section 8.4 No Waiver by Course of Conduct. No Secured Party shall by any act (except by a written instrument pursuant to Section 8.5), delay, indulgence, omission or otherwise
be deemed to have waived any right or remedy hereunder or to have acquiesced in any Default or Event of Default. No failure to exercise, nor any delay in exercising, on the part of any Secured Party, any right, power or privilege hereunder shall
operate as a waiver thereof. No single or partial exercise of any right, power or privilege hereunder shall preclude any other or further exercise thereof or the exercise of any other right, power or privilege. A waiver by any Secured Party of any
right or remedy hereunder on any one occasion shall not be construed as a bar to any right or remedy that such Secured Party would otherwise have on any future occasion. 

  
 - 24 -

 Section 8.5 Amendments in Writing. None of the terms or provisions of this
Agreement may be waived, amended, supplemented or otherwise modified except in accordance with Section 9.1 of the Credit Agreement; provided, however, that annexes to this Agreement may be supplemented (but no existing
provisions may be modified and no Collateral may be released) through Pledge Amendments and Joinder Agreements, in substantially the form of Annex 1 and Annex 2, respectively, in each case duly executed by Agent and each Grantor directly
affected thereby. 
 Section 8.6 Additional Grantors; Additional Pledged Collateral. (a) Joinder
Agreements. If, at the option of the Borrower or as required pursuant to Section 4.13 of the Credit Agreement, the Borrower shall cause any Subsidiary that is not a Grantor to become a Grantor hereunder, such Subsidiary shall execute
and deliver to Agent a Joinder Agreement substantially in the form of Annex 2 and shall thereafter for all purposes be a party hereto and have the same rights, benefits and obligations as a Grantor party hereto on the Closing Date. 

(b) Pledge Amendments. To the extent any Pledged Collateral has not been delivered as of the Closing Date, such
Grantor shall deliver a pledge amendment duly executed by the Grantor in substantially the form of Annex 1 (each, a “Pledge Amendment”). Such Grantor authorizes Agent to attach each Pledge Amendment to this Agreement.

 Section 8.7 Notices. All notices, requests and demands to or upon Agent or any Grantor hereunder shall be
effected in the manner provided for in Section 9.2 of the Credit Agreement; provided, however, that any such notice, request or demand to or upon any Grantor shall be addressed to the Borrower’s notice address set
forth in Section 9.2. 
 Section 8.8 Successors and Assigns. This Agreement shall be binding upon the
successors and assigns of each Grantor and shall inure to the benefit of each Secured Party and their successors and assigns; provided, however, that no Grantor may assign, transfer or delegate any of its rights or obligations under
this Agreement without the prior written consent of Agent. 
 Section 8.9 Counterparts. This Agreement may be
executed in any number of counterparts and by different parties in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. Signature pages
may be detached from multiple separate counterparts and attached to a single counterpart. Delivery of an executed signature page of this Agreement by facsimile transmission or by Electronic Transmission shall be as effective as delivery of a
manually executed counterpart hereof. 
 Section 8.10 Severability. Any provision of this Agreement being held
illegal, invalid or unenforceable in any jurisdiction shall not affect any part of such provision not held illegal, invalid or unenforceable, any other provision of this Agreement or any part of such provision in any other jurisdiction. 

  
 - 25 -

 Section 8.11 Governing Law. This Agreement and the rights and obligations of
the parties hereto shall be governed by, and construed and interpreted in accordance with, the law of the Province of Ontario and the federal laws of Canada applicable therein. 

Section 8.12 Waiver of Jury Trial. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES TRIAL BY JURY IN ANY SUIT, ACTION OR
PROCEEDING WITH RESPECT TO, OR DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH, ANY LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED THEREIN OR RELATED THERETO (WHETHER FOUNDED IN CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY
HERETO (A) CERTIFIES THAT NO OTHER PARTY AND NO RELATED PERSON OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND
(B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 8.12. 
 EACH GRANTOR AGREES TO BE BOUND BY THE PROVISIONS OF SUBSECTIONS 9.18(b) AND 9.18(c) OF THE CREDIT AGREEMENT. 
 [Signature Pages Follow] 

  
 - 26 -

 IN WITNESS WHEREOF, each of the undersigned has caused this Guarantee and Security Agreement
to be duly executed and delivered as of the date first above written. 
  

			
	SOLO CUP CANADA INC.
	as Grantor
		
	By:	 	/s/ ROBERT D. KONEY, JR.
		 	Name: Robert D. Koney, Jr.
		 	Title: Chief Executive Officer

 ACCEPTED AND AGREED

 as of the date first above written: 
  

			
	GE CANADA FINANCE HOLDING COMPANY
	    as Agent
		
	By:	 	/s/ RICHARD ZENI
		 	Name: Richard Zeni
		 	Title: Duly Authorized Signatory

[Signature Page to Guarantee and Security Agreement] 

  
 - 27 -

 SCHEDULE 1 
 TO 
 AMENDED AND RESTATED GUARANTEE AND SECURITY AGREEMENT 

PLEDGED STOCK 
  

													
	 ISSUER
	  	CLASS	 	  	CERTIFICATE
NO(S).	 	  	NUMBER OF
SHARES OR
UNITS	 
	 None.
	  				  				  			

 PLEDGED DEBT INSTRUMENTS 

 

																	
	 ISSUER
	  	DESCRIPTION
OF DEBT	 	  	CERTIFICATE
NO(S).	 	  	FINAL
MATURITY	 	  	PRINCIPAL
AMOUNT	 
	 None.
	  				  				  				  			

 ANNEX 1 
 TO 
 AMENDED AND RESTATED GUARANTEE AND SECURITY
AGREEMENT1 

FORM OF PLEDGE AMENDMENT 
 This Pledge Amendment, dated as of _____________ __, 20__, is delivered pursuant to Section 8.6 of the Amended and Restated Guarantee and Security Agreement, dated as of December 15, 2010
by Solo Cup Canada Inc. (the “Borrower”), [the undersigned Grantor] and the other Persons from time to time party thereto as Grantors in favour of GE Canada Finance Holding Company, as Agent for the Secured Parties referred to
therein (as such agreement may be amended, restated, supplemented or otherwise modified from time to time, the “Guarantee and Security Agreement”). Capitalized terms used herein without definition are used as defined in the
Guarantee and Security Agreement. 
 The undersigned hereby agrees that this Pledge Amendment may be attached to the Guarantee
and Security Agreement and that the Pledged Collateral listed on Annex 1-A to this Pledge Amendment shall be and become part of the Collateral referred to in the Guarantee and Security Agreement and shall secure all Obligations of the
undersigned. 
 The undersigned hereby represents and warrants that each of the representations and warranties contained in
Sections 4.1, 4.2, 4.3 and 4.6 of the Guarantee and Security Agreement is true and correct and as of the date hereof as if made on and as of such date. 

 

			
	[GRANTOR]
		
	By:	 	 
		 	Name:
		 	Title:

  

 

	1	 To be used for pledge of Additional Pledged Collateral by existing Grantor. 

  
 - 2 -

 Annex 1-A 
 PLEDGED STOCK 
  

							
	 ISSUER
	  	CLASS	  	CERTIFICATE
NO(S).	  	NUMBER OF
SHARES OR
UNITS

PLEDGED DEBT INSTRUMENTS 
  

									
	 ISSUER
	  	DESCRIPTION
OF DEBT	  	CERTIFICATE
NO(S).	  	FINAL
MATURITY	  	PRINCIPAL
AMOUNT

  

			
	 ACKNOWLEDGED AND AGREED
 as of the date first above written:

	
	 GE CANADA FINANCE HOLDING COMPANY

    as Agent

		
	 By:
	 	 
		 	Name:
		 	Title:

  
 - 2 -

 ANNEX 2 
 TO 
 AMENDED AND RESTATED GUARANTEE AND SECURITY AGREEMENT 

FORM OF JOINDER AGREEMENT 
 This JOINDER AGREEMENT, dated as of                     , 20    , is
delivered pursuant to Section 8.6 of the Amended and Restated Guarantee and Security Agreement, dated as of December15, 2010, by Solo Cup Canada Inc. (the “Borrower”) and the other Persons from time to time party thereto
as Grantors in favour of the GE Canada Finance Holding Company, as Agent for the Secured Parties referred to therein (as such agreement may be amended, restated, supplemented or otherwise modified from time to time, the “Guarantee and
Security Agreement”). Capitalized terms used herein without definition are used as defined in the Guarantee and Security Agreement. 
 By executing and delivering this Joinder Agreement, the undersigned, as provided in Section 8.6 of the Guarantee and Security Agreement, hereby becomes a party to the Guarantee and Security
Agreement as a Grantor thereunder with the same force and effect as if originally named as a Grantor therein and, without limiting the generality of the foregoing, as collateral security for the prompt and complete payment and performance when due
(whether at stated maturity, by acceleration or otherwise) of the Secured Obligations of the undersigned, hereby mortgages, pledges and hypothecates to Agent for the benefit of the Secured Parties, and grants to Agent for the benefit of the Secured
Parties a lien on and security interest in, all of its right, title and interest in, to and under the Collateral (other than Excluded Property) of the undersigned and expressly assumes all obligations and liabilities of a Grantor thereunder. The
undersigned hereby agrees to be bound as a Grantor for the purposes of the Guarantee and Security Agreement. 
 The information
set forth in Annex 2-A is hereby added to the information set forth in Schedule 1 the Guarantee and Security Agreement and Schedules 3.9, 3.16, 3.20, 3.21 and 3.22 to the Credit Agreement. By
acknowledging and agreeing to this Joinder Agreement, the undersigned hereby agree that this Joinder Agreement may be attached to the Guarantee and Security Agreement and that the Pledged Collateral listed on Annex 1-A to this Joinder
Amendment shall be and become part of the Collateral referred to in the Guarantee and Security Agreement and shall secure all Secured Obligations of the undersigned. 
 The undersigned hereby represents and warrants that each of the representations and warranties contained in Article IV of the Guarantee and Security Agreement applicable to it is true and
correct on and as the date hereof as if made on and as of such date. 

 In witness whereof, the undersigned has caused this Joinder Agreement to be duly executed
and delivered as of the date first above written. 
  

			
	[Additional Grantor]
		
	By:	 	 
		 	Name:
		 	Title:

  
 - 2 -

 Annex 2-A 
 PLEDGED STOCK 
  

							
	 ISSUER
	  	CLASS	  	CERTIFICATE
NO(S).	  	NUMBER OF
SHARES OR
UNITS

PLEDGED DEBT INSTRUMENTS 
  

									
	 ISSUER
	  	DESCRIPTION
OF DEBT	  	CERTIFICATE
NO(S).	  	FINAL
MATURITY	  	PRINCIPAL
AMOUNT

  
 - 3 -

 ANNEX 3 
 TO 
 GUARANTEE AND SECURITY AGREEMENT 

FORM OF INTELLECTUAL PROPERTY SECURITY AGREEMENT1 
 THIS [COPYRIGHT] [PATENT] [TRADEMARK] SECURITY AGREEMENT, dated as of                     ,
20    , is made by each of the entities listed on the signature pages hereof (each a “Grantor” and, collectively, the “Grantors”), in favour of GE Canada Finance Holding Company
(“GE Capital”), as administrative agent (in such capacity, together with its successors and permitted assigns, “Agent”) for the Secured Parties (as defined in the Credit Agreement referred to below). 

W I T N E S S E T H: 
 WHEREAS, pursuant to the Amended and Restated Credit Agreement, dated as of December 15, 2010 (as the same may be amended, restated, supplemented or otherwise modified from time to time, the
“Credit Agreement”), by and among the Borrower, the Lenders, the L/C Issuers from time to time party thereto and GE Capital, as Agent, the Lenders and the L/C Issuers have severally agreed to continue making extensions of credit to
the Borrower upon the terms and subject to the conditions set forth therein; 
 WHEREAS, each Grantor (other than the Borrower)
has agreed, pursuant to the Amended and Restated Guarantee and Security Agreement of even date herewith in favour of Agent (as such agreement may be amended, restated, supplemented or otherwise modified from time to time, the “Guarantee and
Security Agreement”), to guarantee the Obligations (as defined in the Credit Agreement) of the Borrower; and 

WHEREAS, all of the Grantors are party to the Guarantee and Security Agreement pursuant to which the Grantors are required to execute and
deliver this [Copyright] [Patent] [Trademark] Security Agreement; 
 NOW, THEREFORE, in consideration of the premises and to
induce the Lenders, the L/C Issuers and Agent to enter into the Credit Agreement and to induce the Lenders and the L/C Issuers to continue making their respective extensions of credit to the Borrower thereunder, each Grantor hereby agrees with Agent
as follows: 
 Section 1. Defined Terms. Capitalized terms used herein without definition are used as defined in the
Guarantee and Security Agreement. 
 Section 2. Grant of Security Interest in [Copyright] [Trademark] [Patent]
Collateral. Each Grantor, as collateral security for the prompt and complete payment and performance when due (whether at stated maturity, by acceleration or otherwise) of the Secured Obligations of such Grantor, hereby mortgages, pledges and
hypothecates to Agent for the benefit of the Secured Parties, and grants to Agent for the benefit of the Secured Parties a Lien on and security interest in, all of its right, title and interest in, to and under the following Collateral of such
Grantor (the “[Copyright] [Patent] [Trademark] Collateral”): 
 (a) [all of its Copyrights and
all IP Licenses providing for the grant by or to such Grantor of any right under any Copyright, including, without limitation, those referred to on Schedule 1 hereto; 

 

	1	 Separate agreements should be executed relating to each Grantor’s respective Copyrights, Patents, and Trademarks. 

 (b) all renewals, reversions and extensions of the foregoing; and

 (c) all income, royalties, proceeds and Liabilities at any time due or payable or asserted under and with
respect to any of the foregoing, including, without limitation, all rights to sue and recover at law or in equity for any past, present and future infringement, misappropriation, dilution, violation or other impairment thereof.] 

or 
 (d) [all of its Patents and all IP Licenses providing for the grant by or to such Grantor of any right under any Patent, including, without limitation, those referred to on Schedule 1 hereto;

 (e) all reissues, reexaminations, continuations, continuations-in-part, divisionals, renewals and extensions
of the foregoing; and 
 (f) all income, royalties, proceeds and Liabilities at any time due or payable or
asserted under and with respect to any of the foregoing, including, without limitation, all rights to sue and recover at law or in equity for any past, present and future infringement, misappropriation, dilution, violation or other impairment
thereof.] 
 or 
 (g) [all of its Trademarks and all IP Licenses providing for the grant by or to such Grantor of any right under any Trademark, including, without limitation, those referred to on Schedule 1
hereto; 
 (h) all renewals and extensions of the foregoing; 

(i) all goodwill of the business connected with the use of, and symbolized by, each such Trademark; and 

(j) all income, royalties, proceeds and Liabilities at any time due or payable or asserted under and with respect to any
of the foregoing, including, without limitation, all rights to sue and recover at law or in equity for any past, present and future infringement, misappropriation, dilution, violation or other impairment thereof.] 

Section 3. Guarantee and Security Agreement. The security interest granted pursuant to this [Copyright] [Patent] [Trademark]
Security Agreement is granted in conjunction with the security interest granted to Agent pursuant to the Guarantee and Security Agreement and each Grantor hereby acknowledges and agrees that the rights and remedies of Agent with respect to the
security interest in the [Copyright] [Patent] [Trademark] Collateral made and granted hereby are more fully set forth in the Guarantee and Security Agreement, the terms and provisions of which are incorporated by reference herein as if fully set
forth herein. 

  
 - 2 -

 Section 4. Grantor Remains Liable. Each Grantor hereby agrees that, anything
herein to the contrary notwithstanding, such Grantor shall assume full and complete responsibility for the prosecution, defence, enforcement or any other necessary or desirable actions in connection with their [Copyrights] [Patents] [Trademarks] and
IP Licenses subject to a security interest hereunder. 
 Section 5. Counterparts. This [Copyright] [Patent]
[Trademark] Security Agreement may be executed in any number of counterparts and by different parties in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and
the same agreement. Signature pages may be detached from multiple separate counterparts and attached to a single counterpart. Delivery of an executed signature page of this Agreement by facsimile transmission or by Electronic Transmission shall be
as effective as delivery of a manually executed counterpart hereof. 
 Section 6. Governing Law. This [Copyright]
[Patent] [Trademark] Security Agreement and the rights and obligations of the parties hereto shall be governed by, and construed and interpreted in accordance with, the laws of the Province of Ontario and the federal laws of Canada applicable
therein. 
 [SIGNATURE PAGES FOLLOW] 

  
 - 3 -

 IN WITNESS WHEREOF, each Grantor has caused this [Copyright] [Patent] [Trademark] Security
Agreement to be executed and delivered by its duly authorized officer as of the date first set forth above. 
  

			
	Very truly yours,
	
	 [GRANTOR]
 as
Grantor

		
	By:	 	 
		 	Name:
		 	Title:

  

			
	 ACCEPTED AND AGREED

as of the date first above written:

	
	 GE CANADA FINANCE HOLDING COMPANY
     as Agent

		
	By:	 	 
		 	Name:
		 	Title:

 [Signature Page to [Copyright]
[Patent] [Trademark] Security Agreement] 

  
 - 4 -

 SCHEDULE I 
 TO 
 [COPYRIGHT] [PATENT] [TRADEMARK] SECURITY AGREEMENT 

[Copyright] [Patent] [Trademark] Registrations 
  

	1.	REGISTERED [COPYRIGHTS] [PATENTS] [TRADEMARKS] 

[Include Registration Number and Date] 
  

	2.	[COPYRIGHT] [PATENT] [TRADEMARK] APPLICATIONS 

[Include Application Number and Date] 
  

	3.	IP LICENSES 

 [Include complete legal
description of agreement (name of agreement, parties and date)]

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