Document:

Revolving Credit Agreement dated as of February 15, 2011

 Exhibit 10.3 
 EXECUTION VERSION 
  

 
  

REVOLVING CREDIT AGREEMENT 
 dated as of February 15, 2011 
 among 

KEYSTONE AUTOMOTIVE HOLDINGS, INC., 
 as Holdings, 
 KEYSTONE AUTOMOTIVE OPERATIONS, INC., 

as the Borrower, 

The Lenders Party Hereto, 
 BANK OF AMERICA, N.A., 
 as Administrative Agent, Issuing Bank and Swingline
Lender 
  
  

 

 TABLE OF CONTENTS 

 

							
	 	  	 	  	Page	 
	
	 ARTICLE 1
 DEFINITIONS AND ACCOUNTING TERMS
	   

  

			
	 Section 1.01.
	  	Defined Terms	  	 	2	  
			
	 Section 1.02.
	  	Other Interpretive Provisions	  	 	42	  
			
	 Section 1.03.
	  	Accounting Terms	  	 	43	  
			
	 Section 1.04.
	  	Rounding	  	 	43	  
			
	 Section 1.05.
	  	References to Agreements and Laws	  	 	44	  
			
	 Section 1.06.
	  	Times of Day	  	 	44	  
			
	 Section 1.07.
	  	Letter of Credit Amounts	  	 	44	  
	
	 ARTICLE 2
 THE CREDITS
	   

  

			
	 Section 2.01.
	  	Commitments and Borrowing Base Determination	  	 	44	  
			
	 Section 2.02.
	  	Loans	  	 	45	  
			
	 Section 2.03.
	  	Borrowing Procedure	  	 	46	  
			
	 Section 2.04.
	  	Evidence of Debt; Repayment of Loans	  	 	47	  
			
	 Section 2.05.
	  	Fees	  	 	49	  
			
	 Section 2.06.
	  	Interest on Loans	  	 	50	  
			
	 Section 2.07.
	  	Termination and Reduction of Commitments	  	 	51	  
			
	 Section 2.08.
	  	Interest Elections	  	 	51	  
			
	 Section 2.09.
	  	Optional and Mandatory Prepayments of Loans	  	 	52	  
			
	 Section 2.10.
	  	Payments Generally; Pro Rata Treatment; Sharing of Set-offs	  	 	55	  
			
	 Section 2.11.
	  	Defaulting Lenders	  	 	57	  
			
	 Section 2.12.
	  	Swingline Loans	  	 	58	  
			
	 Section 2.13.
	  	Letters of Credit	  	 	59	  
			
	 Section 2.14.
	  	Determination of Borrowing Base	  	 	65	  
			
	 Section 2.15.
	  	Intentionally Omitted	  	 	69	  
			
	 Section 2.16.
	  	Reserves; Changes to Reserves	  	 	69	  
			
	 Section 2.17.
	  	Settlement Amongst Lenders	  	 	70	  
			
	 Section 2.18.
	  	Super Priority Nature of Obligations	  	 	71	  
			
	 Section 2.19.
	  	Payment of Obligations	  	 	71	  
			
	 Section 2.20.
	  	No Discharge; Survival of Claims	  	 	71	  

  
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 TABLE OF CONTENTS 

(continued) 
  

							
	 	  	 	  	Page	 
	
	 ARTICLE 3
 TAXES, YIELD PROTECTION AND ILLEGALITY
	   

  

			
	 Section 3.01.
	  	Taxes	  	 	71	  
			
	 Section 3.02.
	  	Illegality	  	 	75	  
			
	 Section 3.03.
	  	Inability to Determine Rates	  	 	76	  
			
	 Section 3.04.
	  	Increased Cost and Reduced Return; Capital Adequacy	  	 	76	  
			
	 Section 3.05.
	  	Funding Losses	  	 	77	  
			
	 Section 3.06.
	  	Matters Applicable to all Requests for Compensation	  	 	77	  
			
	 Section 3.07.
	  	Obligation to Mitigate	  	 	77	  
			
	 Section 3.08.
	  	Survival	  	 	78	  
	
	 ARTICLE 4
 CONDITIONS PRECEDENT
	   

  

			
	 Section 4.01.
	  	Conditions of Initial Effectiveness	  	 	78	  
			
	 Section 4.02.
	  	Conditions to the Initial Credit Extension and Funding Date	  	 	80	  
			
	 Section 4.03.
	  	Conditions to All Credit Extensions	  	 	89	  
	
	 ARTICLE 5
 REPRESENTATIONS AND WARRANTIES
	   

  

			
	 Section 5.01.
	  	Existence, Qualification and Power; Compliance with Laws	  	 	90	  
			
	 Section 5.02.
	  	Authorization; No Contravention	  	 	90	  
			
	 Section 5.03.
	  	Governmental Authorization; Other Consents	  	 	91	  
			
	 Section 5.04.
	  	Binding Effect	  	 	91	  
			
	 Section 5.05.
	  	Financial Statements; No Material Adverse Effect	  	 	91	  
			
	 Section 5.06.
	  	Litigation	  	 	93	  
			
	 Section 5.07.
	  	No Default	  	 	93	  
			
	 Section 5.08.
	  	Ownership of Property; Liens	  	 	93	  
			
	 Section 5.09.
	  	Environmental Compliance	  	 	94	  
			
	 Section 5.10.
	  	Insurance	  	 	94	  
			
	 Section 5.11.
	  	Taxes	  	 	94	  
			
	 Section 5.12.
	  	ERISA Compliance	  	 	94	  
			
	 Section 5.13.
	  	Subsidiaries; Equity Interests and Ownership	  	 	95	  
			
	 Section 5.14.
	  	Margin Regulations; Investment Company Act	  	 	95	  

  
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 TABLE OF CONTENTS 

(continued) 
  

							
	 	  	 	  	Page	 
			
	 Section 5.15.
	  	Disclosure	  	 	96	  
			
	 Section 5.16.
	  	Compliance with Laws	  	 	96	  
			
	 Section 5.17.
	  	PATRIOT Act	  	 	96	  
			
	 Section 5.18.
	  	Intellectual Property; Licenses, Etc	  	 	96	  
			
	 Section 5.19.
	  	Solvency	  	 	97	  
			
	 Section 5.20.
	  	Collateral	  	 	97	  
			
	 Section 5.21.
	  	Supply Agreements	  	 	98	  
			
	 Section 5.22.
	  	No Restricted Payments	  	 	98	  
			
	 Section 5.23.
	  	Certain Fees	  	 	99	  
			
	 Section 5.24.
	  	Related Agreements	  	 	99	  
			
	 Section 5.25.
	  	Reorganization Matters; Secured, Super-Priority Obligations	  	 	99	  
	
	 ARTICLE 6
 AFFIRMATIVE COVENANTS
	   

  

			
	 Section 6.01.
	  	Financial Statements	  	 	100	  
			
	 Section 6.02.
	  	Certificates; Other Information	  	 	101	  
			
	 Section 6.03.
	  	Notices	  	 	105	  
			
	 Section 6.04.
	  	Payment of Obligations	  	 	105	  
			
	 Section 6.05.
	  	Preservation of Existence, Etc	  	 	106	  
			
	 Section 6.06.
	  	Maintenance of Properties	  	 	106	  
			
	 Section 6.07.
	  	Maintenance of Insurance	  	 	106	  
			
	 Section 6.08.
	  	Compliance With Laws	  	 	107	  
			
	 Section 6.09.
	  	Books and Records	  	 	107	  
			
	 Section 6.10.
	  	Inspection Rights; Information Regarding Collateral	  	 	107	  
			
	 Section 6.11.
	  	Use of Proceeds	  	 	108	  
			
	 Section 6.12.
	  	Additional Subsidiaries	  	 	108	  
			
	 Section 6.13.
	  	Security Interests; Further Assurances	  	 	108	  
			
	 Section 6.14.
	  	Borrowing Base-Related Reports	  	 	109	  
			
	 Section 6.15.
	  	Borrowing Base Verification; Inventory Appraisals	  	 	110	  
			
	 Section 6.16.
	  	Physical Inventories	  	 	110	  
			
	 Section 6.17.
	  	Lenders Meetings	  	 	110	  

  
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 TABLE OF CONTENTS 

(continued) 
  

							
	 	  	 	  	Page	 
			
	 Section 6.18.
	  	Bankruptcy-Related Covenants	  	 	111	  
	
	 ARTICLE 7
 NEGATIVE COVENANTS
	   

  

			
	 Section 7.01.
	  	Liens	  	 	111	  
			
	 Section 7.02.
	  	Investments	  	 	113	  
			
	 Section 7.03.
	  	Indebtedness; Off-Balance Sheet Liabilities	  	 	116	  
			
	 Section 7.04.
	  	Fundamental Changes	  	 	119	  
			
	 Section 7.05.
	  	Dispositions	  	 	120	  
			
	 Section 7.06.
	  	Restricted Payments	  	 	121	  
			
	 Section 7.07.
	  	Change in Nature of Business	  	 	124	  
			
	 Section 7.08.
	  	Transactions With Affiliates	  	 	124	  
			
	 Section 7.09.
	  	Burdensome Agreements	  	 	125	  
			
	 Section 7.10.
	  	Use of Proceeds	  	 	126	  
			
	 Section 7.11.
	  	Disposal of Subsidiary Interests	  	 	126	  
			
	 Section 7.12.
	  	Fiscal Periods	  	 	126	  
			
	 Section 7.13.
	  	Holding Company	  	 	126	  
			
	 Section 7.14.
	  	Financial Covenants	  	 	127	  
			
	 Section 7.15.
	  	Pro forma Calculations	  	 	128	  
			
	 Section 7.16.
	  	Amendments or Waivers of Organization Documents and Certain Related Agreements and Other Documents	  	 	129	  
			
	 Section 7.17.
	  	Amendments or Waivers with respect to Existing Indebtedness	  	 	129	  
			
	 Section 7.18.
	  	Prepayments of Indebtedness	  	 	130	  
	
	 ARTICLE 8
 EVENTS OF DEFAULT AND REMEDIES
	   

  

			
	 Section 8.01.
	  	Events of Default	  	 	130	  
			
	 Section 8.02.
	  	Remedies Upon Event of Default	  	 	135	  
	
	 ARTICLE 9
 THE ADMINISTRATIVE AGENT
	   

  

			
	 Section 9.01.
	  	Appointment and Authorization	  	 	135	  
			
	 Section 9.02.
	  	Delegation of Duties	  	 	136	  
			
	 Section 9.03.
	  	Liability of Administrative Agent	  	 	136	  

  
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 TABLE OF CONTENTS 

(continued) 
  

							
	 	  	 	  	Page	 
			
	 Section 9.04.
	  	Reliance by the Administrative Agent	  	 	137	  
			
	 Section 9.05.
	  	Notice of Default	  	 	137	  
			
	 Section 9.06.
	  	Credit Decision; Disclosure of Information by the Administrative Agent	  	 	138	  
			
	 Section 9.07.
	  	Indemnification of the Administrative Agent	  	 	138	  
			
	 Section 9.08.
	  	Administrative Agent in Its Individual Capacity	  	 	139	  
			
	 Section 9.09.
	  	Successor Administrative Agent	  	 	139	  
			
	 Section 9.10.
	  	Administrative Agent May File Proofs of Claim	  	 	140	  
			
	 Section 9.11.
	  	Collateral and Guaranty Matters	  	 	140	  
			
	 Section 9.12.
	  	Bank Product Providers	  	 	142	  
			
	 Section 9.13.
	  	Additional Loans	  	 	142	  
	
	 ARTICLE 10
 LC COLLATERAL ACCOUNT; APPLICATION OF COLLATERAL PROCEEDS
	   

  

			
	 Section 10.01.
	  	LC Collateral Account	  	 	143	  
			
	 Section 10.02.
	  	Application of Funds	  	 	143	  
	
	 ARTICLE 11
 MISCELLANEOUS
	   

  

			
	 Section 11.01.
	  	Amendments, Etc	  	 	144	  
			
	 Section 11.02.
	  	Notices and Other Communications; Facsimile Copies	  	 	146	  
			
	 Section 11.03.
	  	No Waiver; Cumulative Remedies	  	 	147	  
			
	 Section 11.04.
	  	Attorney Costs, Expenses and Taxes	  	 	148	  
			
	 Section 11.05.
	  	Indemnification by the Borrower	  	 	148	  
			
	 Section 11.06.
	  	Payments Set Aside	  	 	149	  
			
	 Section 11.07.
	  	Successors and Assigns	  	 	149	  
			
	 Section 11.08.
	  	Confidentiality	  	 	153	  
			
	 Section 11.09.
	  	Set-off	  	 	154	  
			
	 Section 11.10.
	  	Interest Rate Limitation	  	 	154	  
			
	 Section 11.11.
	  	Counterparts	  	 	155	  
			
	 Section 11.12.
	  	Integration	  	 	155	  
			
	 Section 11.13.
	  	Survival	  	 	155	  
			
	 Section 11.14.
	  	Severability	  	 	155	  

  
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(continued) 
  

							
	 	  	 	  	Page	 
			
	 Section 11.15.
	  	Intentionally Omitted	  	 	156	  
			
	 Section 11.16.
	  	Removal and Replacement of Lenders	  	 	156	  
			
	 Section 11.17.
	  	Intentionally Omitted	  	 	157	  
			
	 Section 11.18.
	  	GOVERNING LAW	  	 	157	  
			
	 Section 11.19.
	  	WAIVER OF RIGHT TO TRIAL BY JURY	  	 	158	  
			
	 Section 11.20.
	  	No Advisory or Fiduciary Responsibility	  	 	158	  
			
	 Section 11.21.
	  	USA PATRIOT Act Notice	  	 	159	  
			
	 Section 11.22.
	  	ENTIRE AGREEMENT	  	 	159	  
			
	 Section 11.23.
	  	Parties Including Trustees; Bankruptcy Court Proceedings	  	 	159	  

  
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 SCHEDULES 
  

			
	 Schedule I
	  	Existing Letters of Credit
	 Schedule 2.01
	  	Commitments and Pro Rata Shares
	 Schedule 4.02(a)
	  	Permitted Waiver Amount
	 Schedule 4.02(b)
	  	Jurisdictions of Organization and Foreign Qualifications
	 Schedule 5.05(b)
	  	Supplement to Interim Financial Statements
	 Schedule 5.05(e)
	  	Off-Balance Sheet Liabilities
	 Schedule 5.08
	  	Existing Real Properties
	 Schedule 5.09
	  	Environmental Matters
	 Schedule 5.13(a)
	  	Equity Interest
	 Schedule 5.13(b)
	  	Options and Warrants
	 Schedule 5.21
	  	Supply Agreements and Material Contracts
	 Schedule 7.01
	  	Existing Liens
	 Schedule 7.02
	  	Existing Investments
	 Schedule 7.03(d)
	  	Existing Indebtedness
	 Schedule 7.03(s)
	  	Outstanding Indebtedness under Senior Subordinated Notes
	 Schedule 7.08
	  	Agreements with Affiliates
	 Schedule 7.09(a)
	  	Restrictions on Subsidiary Distributions
	 Schedule 7.09(b)
	  	Negative Pledges
	 Schedule 10.02
	  	Administrative Agent’s Office, Certain Addresses for Notices

 EXHIBITS 
  

			
	 Exhibit A
	  	Form of Note
	 Exhibit B
	  	Form of Interest Election Request
	 Exhibit C
	  	Form of Compliance Certificate
	 Exhibit D
	  	Form of Assignment and Assumption
	 Exhibit E
	  	Form of Borrowing Request
	 Exhibit F
	  	Form of Landlord Waiver and Access Agreement
	 Exhibit G
	  	Form of Borrowing Base Certificate
	 Exhibit H
	  	Form of Guarantee and Security Agreement
	 Exhibit I
	  	Form of LC Request
	 Exhibit J
	  	Form of Execution Date Certificate
	 Exhibit K
	  	Form of Intercreditor Agreement
	 Exhibit L
	  	Form of Interim Approval Order
	 Exhibit M
	  	Form of Subordination Agreement

 REVOLVING CREDIT AGREEMENT 

This REVOLVING CREDIT AGREEMENT (this “Agreement”) is entered into as of February 15, 2011 among KEYSTONE
AUTOMOTIVE HOLDINGS, INC., a Delaware corporation (“Holdings”), KEYSTONE AUTOMOTIVE OPERATIONS, INC., a Pennsylvania corporation (the “Borrower”), each Lender and registered assigns from time to time
party hereto, and BANK OF AMERICA, N.A., (together with its successors, “Bank of America”), as Administrative Agent, Issuing Bank and Swingline Lender. 
 WHEREAS, Holdings and the Borrower are parties to the Revolving Credit Agreement dated as of January 12, 2007 (as amended, supplemented or otherwise modified prior to the Funding Date, the
“Existing Revolving Credit Agreement”), among Holdings, the Borrower, Bank of America, as administrative agent, collateral agent, issuing bank and swingline lender, Banc of America Securities LLC, as Lead Arranger and Book Manager,
and a syndicate of lenders; 
 WHEREAS, the Borrower intends to commence an exchange offer with respect to the Senior
Subordinated Notes in order to consummate a recapitalization of Holdings and its Subsidiaries in accordance with the terms and subject to the conditions set forth in the Exchange Offering Memorandum (the “Exchange Offer”);

 WHEREAS, if the Borrower fails to obtain the requisite consent to consummate the Exchange Offer, Holdings, the
Borrower and certain of the Borrower’s Subsidiaries (collectively, the “Debtors”) intend to commence bankruptcy cases (each, a “Chapter 11 Case” and collectively, the “Chapter 11 Cases”), by
filing separate voluntary petitions for reorganization (the date of such filings, the “Petition Date”) under the Bankruptcy Code with the United States Bankruptcy Court for the Southern District of New York (the “Bankruptcy
Court”) and with respect to the Debtors’ Canadian operations, ancillary insolvency recognition proceedings, and the Debtors will continue to operate their businesses and manage their properties as debtors and debtors-in-possession
pursuant to Sections 1107(a) and 1108 of the Bankruptcy Code during the pendency of the Chapter 11 Cases; 

WHEREAS, the Borrower has requested that, on the date on which the Exchange Offer is consummated or the Plan Effective Date, as
applicable, and the conditions precedent set forth in Section 4.02 hereof have been satisfied (either such date, the “Funding Date”), the Lenders provide a revolving credit facility, consisting of credit in the form of
Revolving Loans at any time and from time to time on and after the Funding Date and prior to the Revolving Maturity Date, in an aggregate principal amount at any time outstanding not in excess of $75,000,000; 

WHEREAS, the Borrower has requested that the Swingline Lender make Swingline Loans, at any time and from time to time on and after
the Funding Date and prior to the Revolving Maturity Date, in an aggregate principal amount at any time outstanding not in excess of $7,000,000; 
 WHEREAS, the Borrower has requested that the Issuing Bank issue letters of credit on and after the Funding Date and prior to the Revolving Maturity Date, in an aggregate face amount at any time
outstanding not in excess of $25,000,000, to support payment obligations incurred in the ordinary course of business by the Borrower and its Subsidiaries; 

 WHEREAS, the proceeds of the Loans are to be used in accordance with
Section 6.11; 
 WHEREAS, the Borrower has agreed to secure all of its Obligations by granting to the
Administrative Agent, for the benefit of the Secured Parties, a first priority Transaction Lien on the Revolver Priority Collateral and a second priority Transaction Lien on the Replacement Term Loan Priority Collateral (including a pledge of all of
the Equity Interests of each of its direct Domestic Subsidiaries and 65% of all the voting Equity Interests (and 100% of the non-voting Equity Interests) of each of its direct Foreign Subsidiaries); and 

WHEREAS, the Guarantors have agreed to guarantee the obligations of the Borrower hereunder and to secure their respective
Obligations by granting to the Administrative Agent, for the benefit of the Secured Parties, a first priority Transaction Lien on the Revolver Priority Collateral and a second priority Transaction Lien on the Replacement Term Loan Priority
Collateral (including a pledge of all of the Equity Interests of each of their respective direct Domestic Subsidiaries (including the Borrower) and 65% of all the voting Equity Interests (and 100% of the non-voting Equity Interests) of each of their
respective direct Foreign Subsidiaries). 
 NOW, THEREFORE, the Lenders and the Swingline Lender are willing to extend
such credit to the Borrower, to be initially available on the Funding Date, and the Issuing Bank is willing to issue letters of credit for the account of the Borrower on and after the Funding Date on the terms and subject to the conditions set forth
herein. Accordingly, in consideration of the mutual covenants and agreements herein contained, the parties hereto covenant and agree as follows: 
 ARTICLE 1 
 DEFINITIONS AND ACCOUNTING TERMS 

Section 1.01. Defined Terms. As used in this Agreement, the following terms shall have the meanings set forth below:

 “Accounts” means all “accounts,” as such term is defined in the UCC as in effect on the date
hereof in the State of New York, in which any Person now or hereafter has rights. 
 “Account Debtor” means any
Person who may become obligated to another Person under, with respect to, or on account of, an Account. 
 “Acquisition
Consideration” means the purchase consideration for any Permitted Acquisition and all other payments by Holdings or any of its Subsidiaries in exchange for, or as part of, or in connection with, any Permitted Acquisition, whether paid in
cash or by exchange of Equity Interests or of properties or otherwise and whether payable at or prior to the consummation of such Permitted Acquisition or deferred for payment at any future time, whether or not any such future payment is subject to
the occurrence of any contingency, and includes any and all payments representing the purchase price and any assumptions of Indebtedness; provided that (a) the amount of “earn-outs” and other agreements to make any payment the
amount of which is, or the terms of payment of which are, in any respect subject to or contingent upon the 

  
 2 

 
revenues, income, cash flow or profits (or the like) of any person or business that shall be included in the definition of Acquisition Consideration shall equal the amount that the Borrower
determines in good faith at the time of such Permitted Acquisition is the Borrower’s anticipated liability in respect thereof and (b) Acquisition Consideration shall exclude usual and customary working capital adjustments (as determined in
good faith by the Borrower). 
 “Administrative Agent” means Bank of America in its capacity as administrative
agent under any of the Loan Documents, or any successor administrative agent. 
 “Administrative Agent’s
Office” means the Administrative Agent’s address and, as appropriate, account as set forth on Schedule 10.02, or such other address or account as the Administrative Agent may from time to time notify to the Borrower and the
Lenders. 
 “Administrative Agent Fees” shall have the meaning assigned to such term in
Section 2.05(b). 
 “Administrative Questionnaire” means an Administrative Questionnaire in a form
supplied by the Administrative Agent. 
 “Affiliate” means, with respect to any Person, another Person that
directly, or indirectly through one or more intermediaries, Controls or is Controlled by or is under common Control with the Person specified. “Control” means the possession, directly or indirectly, of the power to direct or cause the
direction of the management or policies of a Person, whether through the ability to exercise voting power, by contract or otherwise. “Controlling” and “Controlled” have meanings correlative thereto. Without limiting the
generality of the foregoing, a Person shall be deemed to be Controlled by another Person if such other Person possesses, directly or indirectly, power to vote 10% or more of the securities having ordinary voting power for the election of directors,
managing general partners or the equivalent. 
 “Agent-Related Persons” means the Administrative Agent and its
Affiliates, and the officers, directors, employees, agents and attorneys-in-fact of the Administrative Agent and such Affiliates. 
 “Aggregate Commitments” means, at any time, the aggregate amount of the Revolving Commitments of all Lenders. 
 “Aggregate Exposures” means, at any time, the sum of (a) the aggregate Outstanding Amount of all Loans plus (b) the LC Exposure, each determined at such time. 

“Agreement” means this Credit Agreement. 
 “Applicable Margin” means, for any day, with respect to any Revolving Loan or Letter of Credit, as the case may be, the applicable percentage set forth in Annex I under the appropriate
caption. 
 “Approval Motion” has the meaning specified in Section 6.18. 

  
 3 

 “Approved Fund” means any Fund that is administered or managed by
(a) a Lender, (b) an Affiliate of a Lender or (c) an entity or an Affiliate of an entity that administers or manages a Lender. 
 “Asset Sale” means a sale, lease or sub lease (as lessor or sublessor), sale and leaseback, assignment, conveyance, exclusive license (as licensor or sublicensor), transfer or other
disposition to, or any exchange of property with, any Person, in one transaction or a series of transactions, of all or any part of Holdings’ or any of its Subsidiaries’ businesses, assets or properties of any kind, whether real, personal,
or mixed and whether tangible or intangible, whether now owned or hereafter acquired, leased or licensed, including the Equity Interests of any of Holdings’ Subsidiaries, other than (a) conveyances, assignments, sales, transfers,
exchanges, disposals, leases or licenses of rolling stock (in an aggregate amount not to exceed $3,000,000 during any fiscal year) and inventory (or other assets) in the ordinary course of business (excluding any such sales, leases or licenses out
by operations or divisions discontinued or to be discontinued), (b) conveyances, assignments, sales, transfers, exchanges, disposals, leases or licenses out of other assets for aggregate consideration of less than $375,000 with respect to any
transaction or series of related transactions and less than $1,500,000 in the aggregate during any fiscal year, (c) non-exclusive licenses of intellectual property in the ordinary course of business consistent with past practice, (d) the
disposition of cash and Permitted Investments in the ordinary course of business, (e) conveyances, assignments, sales, transfers, exchanges, disposals, leases or licenses by a Subsidiary that is not a Guarantor to the Borrower or to a
wholly-owned Subsidiary that is not a Guarantor, and (f) the abandonment of intellectual property that is no longer material to the conduct of the business of Holdings and any of its Subsidiaries taken as a whole. 

“Assignee Group” means two or more Eligible Assignees that are Affiliates of one another or two or more Approved Funds
managed by the same investment advisor. 
 “Assignment and Assumption” means an Assignment and Assumption
substantially in the form of Exhibit D. 
 “Attorney Costs” means and includes all fees, expenses and
disbursements of one outside counsel and, at the Administrative Agent’s discretion if it determines in good faith that retention thereof is appropriate to protect its interests, one specialty counsel and one local counsel in each material
jurisdiction (in each case, including, without limitation, with respect to third parties retained by such law firm or other external counsel in connection with this Agreement) and, without duplication, all expenses and disbursements of internal
counsel. 
 “Attributable Indebtedness” means, on any date, (a) in respect of any capital lease of any
Person, the capitalized amount thereof that would appear on a balance sheet of such Person prepared as of such date in accordance with GAAP, and (b) in respect of any Synthetic Lease Obligation, the capitalized amount of the remaining lease
payments under the relevant lease that would appear on a balance sheet of such Person prepared as of such date in accordance with GAAP as if such lease were accounted for as a capital lease. 

“Audited Financial Statements” means the audited consolidated balance sheet of the Borrower and its Subsidiaries for the
fiscal year ended December 31, 2009, and the related 

  
 4 

 
consolidated statements of income or operations, shareholders’ equity and cash flows for such fiscal year of the Borrower and its Subsidiaries, including the notes thereto, which financial
statements shall not be subject to any “going concern” or like qualifications or exceptions or any qualification or exception as to the scope of the audit conducted to prepare such financial statements. 

“Availability Reserves” means, without duplication of any other Reserves or items that are otherwise addressed or
excluded through eligibility criteria, such reserves as the Administrative Agent, from time to time determines in its Permitted Discretion. 
 “Backstop Agreement” means the Backstop Stock Purchase Agreement, dated as of January 10, 2011, among the Debtors (as defined therein) and the Back Stop Parties. 

“Backstop First Lien Indebtedness” means the Indebtedness under the Existing Term Loan Agreement owing to the Backstop
Parties, the approximate principal amount of which is $21,000,000 as of the date hereof. 
 “Back Stop Parties”
means Sphere Capital LLC – Series A and Cetus Capital, LLC. 
 “Bank of America” has the meaning specified
in the preamble hereto. 
 “Bank Product” means any of the following products, services or facilities extended
to any Loan Party by a Lender or any of its Affiliates: (a) Cash Management Services; (b) products under Swap Contracts; (c) commercial credit card and merchant card services; and (d) other banking products or services as may be
requested by any Loan Party, other than Letters of Credit. 
 “Bank Product Debt” means Indebtedness and other
obligations of a Loan Party relating to Bank Products. 
 “Bank Product Reserve” means the aggregate amount of
reserves established by the Administrative Agent from time to time in its discretion in respect of Secured Bank Product Obligations. 
 “Bankruptcy Code” means title 11 of the United States Code (11 U.S.C. §101 et seq.), as amended from time to time, and any successor statute. 

“Bankruptcy Court” has the meaning specified in the recitals hereto. 

“Base Rate” means for any day a fluctuating rate per annum equal to the highest of (a) the Federal Funds Rate
plus 1/2 of 1%, (b) the rate of interest in effect for such day as publicly announced from time to time by Bank of America as its “prime rate” and (c) the Eurodollar Rate for a one-month interest period as determined on such
day plus 1.00%. The “prime rate” is a rate set by Bank of America based upon various factors including Bank of America’s costs and desired return, general economic conditions and other factors, and is used as a reference point for
pricing some loans, which may be priced at, above, or below such announced rate. Any change in such rate announced by Bank of America shall take effect at the opening of business on the day specified in the public announcement of such change.

  
 5 

 “Base Rate Borrowing” means a Borrowing comprised of Base Rate Loans.

 “Base Rate Loan” means any Loan or Borrowing that bears interest based on the Base Rate. 

“Borrower” has the meaning specified in the introductory paragraph hereto. 

“Borrowing” means (a) Loans of the same Class and Type, made, converted or continued on the same date and, in the
case of Eurodollar Rate Loans, as to which a single Interest Period is in effect, or (b) a Swingline Loan. 

“Borrowing Base” means at any time, subject to adjustment as provided in Section 2.14, an amount equal to
the sum of, without duplication: 
 (a) the book value of Eligible Accounts of the Loan Parties, net of
Receivables Reserves, multiplied by the advance rate of 85%, plus 
 (b) the lesser of
(i) the Cost of Eligible Inventory of the Loan Parties net of Inventory Reserves multiplied by the advance rate of 75% and (ii) the Net Recovery Cost Percentage multiplied by the Cost of Eligible Inventory of the Loan Parties
net of Inventory Reserves multiplied by the advance rate of 85%, minus 
 (c) any Availability
Reserves established from time to time by the Administrative Agent in accordance with Section 2.16. 
 The Borrowing Base at any
time shall be determined by reference to the most recent Borrowing Base Certificate theretofore delivered to the Administrative Agent. 
 “Borrowing Base Certificate” means an Officers’ Certificate from the Borrower, substantially in the form of, and containing the information prescribed by, Exhibit G (or such
other form approved by the Administrative Agent) delivered to the Administrative Agent setting forth the Borrower’s calculation of the Borrowing Base. 
 “Borrowing Request” means a request by the Borrower in accordance with the terms of Section 2.03 and substantially in the form of Exhibit E, or such other form as shall
be approved by the Administrative Agent. 
 “Business Day” means any day other than a Saturday, Sunday or other
day on which commercial banks are authorized to close under the Laws of, or are in fact closed in, the state where the Administrative Agent’s Office is located and, if such day relates to any Eurodollar Rate Loan, means any such day that is
also a London Banking Day. 
 “Capital Expenditures” means, for any period, (a) the additions to property,
plant and equipment and other capital expenditures of Holdings and its Subsidiaries that are (or would be) set forth in a consolidated statement of cash flows of Holdings and its Subsidiaries for such period prepared in accordance with GAAP and
(b) any Synthetic Lease Obligations incurred by Holdings and its Subsidiaries during such period; provided that Capital Expenditures for such period shall not include (i) a Permitted Acquisition permitted by
Section 7.02(f), (ii) a leasehold 

  
 6 

 
improvement paid for by a Loan Party on premises leased by such Loan Party, but only to the extent such Loan Party has been reimbursed by the landlord under such leasehold within 60 days of the
incurrence of such expenditure, (iii) any such additions to the extent financed with the Net Cash Proceeds of an Asset Sale or with Insurance Proceeds within twelve months of the receipt thereof or (iv) exchanges and trade-ins of
equipment, in each case to the extent otherwise included in “Capital Expenditures” for such period. 
 “Cash
Dominion Event” shall have the meaning set forth in Section 2.04(f). 
 “Cash
Collateralize” means to pledge and deposit with or deliver to the Administrative Agent for deposit into the LC Collateral Account, for the benefit of the Administrative Agent, the Issuing Bank or the Swingline Lender (as applicable) and the
Lenders, as collateral for the LC Exposure, Obligations in respect of Swingline Loans, or obligations of Lenders to fund participations in respect of either thereof (as the context may require), cash in accordance with Section 2.13(j).
“Cash Collateral” shall have a meaning correlative to the foregoing and shall include the proceeds of such cash collateral and other credit support. 
 “Cash Management Services” means any services provided from time to time by any Lender or any of its Affiliates to any Loan Party in connection with operating, collections, payroll,
trust, or other depository or disbursement accounts, including automated clearinghouse, e-payable, electronic funds transfer, wire transfer, controlled disbursement, overdraft, depository, information reporting, lockbox and stop payment services.

 “Change of Control” means an event or series of events by which: 

(a) after an Initial Public Offering is consummated, (i) any “person” or “group” (as such terms
are used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, but excluding any employee benefit plan of such person or its subsidiaries, and any person or entity acting in its capacity as trustee, agent or other fiduciary or
administrator of any such plan) becomes the “beneficial owner” (as defined in Rules 13d-3 and 13d-5 under the Securities Exchange Act of 1934, except that a person or group shall be deemed to have “beneficial ownership” of all
securities that such person or group has the right to acquire (such right, an “option right”), whether such right is exercisable immediately or only after the passage of time; “beneficially own” has the corresponding meaning),
directly or indirectly, of a greater percentage of the Voting Securities of Holdings on a fully-diluted basis (and taking into account all such Voting Securities that such person or group has the right to acquire pursuant to any option right) than
the percentage of such Voting Securities beneficially owned by the Back Stop Parties and their respective Affiliates on a fully diluted basis or (ii) the Back Stop Parties and their respective Affiliates cease to beneficially own, directly or
indirectly, at least 25% of the Voting Securities of Holdings on a fully-diluted basis (and taking into account all such Voting Securities that such person or group has the right to acquire pursuant to any option right); 

(b) before an Initial Public Offering is consummated, the Back Stop Parties and their respective Affiliates cease,
collectively, to be the “beneficial owners”, directly or indirectly, of more than 50.1% of the Voting Securities of Holdings on a fully-diluted basis (and taking into account all such Voting Securities that the Back Stop Parties and their
respective Affiliates have the right to acquire pursuant to any option right); 

  
 7 

 (c) at any time from or after the consummation of an Initial Public
Offering, during any period of 12 consecutive months, a majority of the members of the board of directors or other equivalent governing body of Holdings or the Borrower cease to be composed of individuals (i) who were members of that board or
equivalent governing body on the first day of such period, (ii) whose election or nomination to that board or equivalent governing body was approved by individuals referred to in clause (i) above constituting at the time of such election
or nomination at least a majority of that board or equivalent governing body or (iii) whose election or nomination to that board or other equivalent governing body was approved by individuals referred to in clauses (i) and (ii) above
constituting at the time of such election or nomination at least a majority of that board or equivalent governing body (excluding, in the case of both clause (ii) and clause (iii), any individual whose initial nomination for, or assumption of
office as, a member of that board or equivalent governing body occurs as a result of an actual or threatened solicitation of proxies or consents for the election or removal of one or more directors by any person or group other than a solicitation
for the election of one or more directors by or on behalf of the board of directors); 
 (d) Holdings ceases to
be the “beneficial owner”, directly or indirectly, of 100% of the Voting Securities of the Borrower; or 
 (e) a “Change of Control” as defined in the Replacement Term Loan Agreement (or any similar event as described therein) shall have occurred. 

For the avoidance of doubt, no Change of Control shall be deemed to have occurred solely by virtue of the consummation of the
transactions contemplated by the Restructuring to occur on the Funding Date or any change of the composition of the board of directors (or similar governing body) resulting from the change in ownership contemplated by the Restructuring and any such
directors shall be deemed to have been directors on the Execution Date for purposes of this definition. 
 “Chapter 11
Case” and “Chapter 11 Cases” have the respective meanings specified in the recitals hereto. 

“Chattel Paper” means all “chattel paper,” as such term is defined in the UCC as in effect on the date hereof
in the State of New York, in which any Person now or hereafter has rights. 
 “Class”, when used in reference
to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are Revolving Loans or Swingline Loans and, when used in reference to any Commitment, refers to whether such Commitment is a Revolving Commitment or
Swingline Commitment. 
 “Code” means the Internal Revenue Code of 1986, as amended. 

“Collateral” means any and all “Collateral” as defined in any Security Document. 

  
 8 

 “Collateral and Guarantee Requirement” means the requirement that:

 (a) the Administrative Agent shall have received from each Loan Party either (i) a counterpart of the
Security Agreement duly executed and delivered on behalf of such Loan Party or (ii) in the case of any Person that becomes a Loan Party after the Funding Date, a supplement to the Security Agreement, in the form specified therein, duly executed
and delivered on behalf of such Loan Party; 
 (b) all outstanding Equity Interests in the Borrower and its
Subsidiaries directly owned by or on behalf of any Loan Party shall have been pledged pursuant to the Security Agreement (except that the Loan Parties shall not be required to pledge more than 65% of the outstanding voting Equity Interests in any
Foreign Subsidiary) and the Administrative Agent shall have received all certificates or other instruments in existence representing such Equity Interests, together with stock powers or other instruments of transfer with respect thereto endorsed in
blank; 
 (c) all documents and instruments, including UCC financing statements and Mortgages, required by law or
reasonably requested by the Administrative Agent to be filed, registered, recorded or delivered to create the Liens intended to be created by the Security Documents and perfect or record such Liens to the extent, and with the priority, required by,
and subject to the limitations set forth in, the Security Agreement and in the Intercreditor Agreement, shall have been filed, registered or recorded or delivered to the Administrative Agent for filing, registration or recording; provided,
however, (i) no filing or payment or other steps shall be required to be completed with respect to any motor vehicle during the 60-day period (as such period may be extended by the Administrative Agent in its sole discretion) following
the acquisition of such vehicle by a Loan Party, (ii) subject to the terms of the Intercreditor Agreement, the Borrower shall use commercially reasonable efforts to obtain and deliver or cause to be delivered to the Administrative Agent (or any
sub-agent thereof) the originals of such certificates of title with the Transaction Liens of the Administrative Agent recorded thereon within such 60-day period (as such period may be extended by the Administrative Agent in its sole discretion),
(iii) vehicles not subject to perfected Liens under the Replacement Term Loan Facility shall be exempt from any requirement to subject such vehicles to any perfected Transaction Liens under the Loan Documents and (iv) up to $1,000,000 in
aggregate fair market value of motor vehicles owned by the Loan Parties at any time shall be exempt from any requirement to subject such vehicles to any Transaction Liens under the Loan Documents; provided further that up to an additional
$500,000 in aggregate fair market value of motor vehicles owned by the Loan Parties at any time shall be exempt from such requirement to the extent it is not practicable under applicable law to perfect a second priority lien on such motor vehicles;

 (d) the Administrative Agent shall have received (i) counterparts of a Mortgage with respect to each
owned Real Estate Asset listed on Schedule 5.08, and after the Funding Date, each other Material Real Estate Asset, duly executed and delivered by the record owner of such Material Real Estate Asset, provided that Mortgages with
respect to such other Material Real Estate Assets shall be required solely to the extent mortgages on such Material Real Estate Assets are provided under the Replacement Term 

  
 9 

 
Loan Facility, (ii) a policy or policies of title insurance issued by a nationally recognized title insurance company insuring the Lien of each such Mortgage as a valid Lien on the Real
Estate Asset described therein, free of any other Liens except as expressly permitted by Section 7.01, together with such endorsements, coinsurance and reinsurance as the Administrative Agent or the Required Lenders may reasonably
request and (iii) such surveys, abstracts, appraisals, legal opinions and other documents as the Administrative Agent or the Required Lenders may reasonably request with respect to any such Mortgage or Real Estate Asset, to the extent and
consistent with such items delivered in respect of the mortgages delivered with respect to such Real Estate Assets under the Replacement Term Loan Facility; 
 (e) each Loan Party shall have obtained all consents and approvals reasonably required to be obtained by it in connection with the execution and delivery of all Security Documents to which it is a party,
the performance of its obligations thereunder and the granting of the Liens granted by it thereunder; 
 (f) each
Loan Party shall have taken all other action reasonably required under the Security Documents to perfect, register and/or record the Liens granted by it thereunder; and 

(g) to the extent required by the Security Agreement, any warehousemen, bailees or other similar Persons holding
Collateral (including inventory) owned by the Loan Parties, shall have entered into agreements acknowledging the Transaction Liens, waiving any Liens in their favor and acknowledging the rights of the Administrative Agent under the Security
Agreement. 
 “Commitment” means, with respect to any Lender, such Lender’s Revolving Commitment, LC
Commitment or Swingline Commitment. 
 “Commitment Fee” shall have the meaning assigned to such term in
Section 2.05(a). 
 “Commitment Letter” means that certain letter agreement with the subject line
“Commitment for Senior Revolving Credit Facility”, dated December 15, 2010 between Bank of America and the Borrower. 
 “Committees” means collectively, (a) the Unsecured Creditors Committee and (b) any other statutory committee appointed in the Chapter 11 Cases, and each of such Committees shall
be referred to herein as a “Committee”. 
 “Compliance Certificate” means a certificate substantially
in the form of Exhibit C. 
 “Confirmation Order” shall have the meaning assigned to such term in
Section 4.02(a)(i)(B). 
 “Consolidated Adjusted EBITDA” means, for any period, for the Borrower
and its Subsidiaries on a consolidated basis, an amount equal to Consolidated Net Income for such period plus (a) without duplication, the following to the extent deducted in calculating such Consolidated Net Income:
(i) Consolidated Interest Charges for such period and, to the extent not 

  
 10 

 
reflected in Consolidated Interest Charges (A) interest, premium payments, amortization and write off of debt discount and debt issuance costs and commissions, discounts and other charges
and related fees and expenses in connection with the incurrence of Indebtedness during such period and (B) costs and expenses under Swap Contracts for such period, (ii) the provision for federal, state, local and foreign income or other
similar taxes (including franchise taxes) of the Borrower and its Subsidiaries for such period, (iii) the amount of depreciation and amortization expense deducted in determining such Consolidated Net Income, (iv) management fees and
reimbursement of expenses accrued or paid to the Back Stop Parties or their respective Affiliates in accordance with Section 7.08(i), (v) any non-capitalized transactions costs, fees and expenses incurred with respect to any
Permitted Acquisition or other permitted Investment (or with respect to any prospective Permitted Acquisition or permitted Investment which is not consummated), and any one-time payments made in connection with any Permitted Acquisition or other
permitted Investment, so long as such one-time payments are contemplated to be made at the time of consummation of such Permitted Acquisition or permitted Investment and, in the case of a Permitted Acquisition, to which the requirements of clause
(ii) of the definition of “Permitted Acquisition” are applicable, are set forth in the Permitted Acquisition Certificate with respect to such Permitted Acquisition, in the case of each such Permitted Acquisition or permitted
Investment, in an aggregate amount not to exceed $3,000,000, (vi) any transaction costs, fees and expenses incurred with respect to the transactions contemplated by this Agreement, the Replacement Term Loan Facility or the Restructuring and all
professional fees of the debtors and committees incurred prior to or during the Chapter 11 Cases (including fees, costs, commissions, expenses and one-time compensation charges of third party financial advisory, accounting, legal and other similar
advisors and consultants incurred in connection with the transactions contemplated in this clause (vi)) in an aggregate amount not to exceed $20,000,000, (vii) (A) any non-acquisition related expenses consisting of professional fees and
expenses, severance expenses, relocation expenses and/or recruiting expenses in the aggregate for such period, (B) the aggregate restructuring costs, fees and expenses for such period incurred after the Funding Date (including costs, fees and
expenses incurred in connection with the Restructuring and/or the effectiveness of the Restructuring and/or the financings expressly contemplated by the applicable Restructuring Documentation) (solely to the extent incurred after the Funding Date),
and (C) unusual or non-recurring expenses and losses, in an aggregate amount for the foregoing clauses (A), (B) and (C) not to exceed $2,500,000 for any four-fiscal quarter period, (viii) any non-cash charges
(including deferred financing fees, write downs or write offs of assets, and impairment of goodwill) to the extent they will not result in a cash charge in any future period and any interest payable in kind, and (ix) any extraordinary items
(including losses), minus (b) without duplication, to the extent included in calculating such Consolidated Net Income, any extraordinary items (including gains). Notwithstanding the foregoing, for purposes of calculating Consolidated
Adjusted EBITDA for any fiscal month that ends prior to the Funding Date (before giving effect to any pro forma adjustments for Permitted Acquisitions and Asset Sales pursuant to Section 7.15), Consolidated Adjusted EBITDA for each such
fiscal month set forth below shall be deemed to be the amount set forth opposite such fiscal month: 
  

					
	Fiscal Month	  	Consolidated Adjusted EBITDA	 
	 January, 2010
	  	($	500,000	) 
	 February, 2010
	  	$	700,000	  
	 March, 2010
	  	$	6,700,000	  

  
 11 

					
	 April, 2010
	  	$	4,300,000	  
	 May, 2010
	  	$	3,200,000	  
	 June, 2010
	  	$	6,300,000	  
	 July, 2010
	  	$	2,500,000	  
	 August, 2010
	  	$	2,300,000	  
	 September, 2010
	  	$	4,200,000	  
	 October, 2010
	  	$	1,200,000	  
	 November, 2010
	  	$	800,000	  

 “Consolidated
Fixed Charge Coverage Ratio” means, as of any date of determination, the ratio of (a) Consolidated Adjusted EBITDA for the period of the twelve prior fiscal months ending on such date minus Capital Expenditures for such period to
(b) Consolidated Fixed Charges for such period plus the amount of cash payments made during such period by the Borrower and its Subsidiaries in respect of federal, state, local and foreign income taxes. 

“Consolidated Fixed Charges” means, for any period, for the Borrower and its Subsidiaries on a consolidated basis, the
sum, without duplication, of (a) Consolidated Interest Charges for such period to the extent paid in cash (or accrued and payable on a current basis in cash), (b) the aggregate amount of scheduled amortization payments of principal made
during such period in respect of Long-Term Indebtedness of the Borrower and its Subsidiaries (except payments made by the Borrower or any Subsidiary to the Borrower or any Subsidiary), which payments, with respect to Indebtedness under the
Replacement Term Loan Facility, shall be those made pursuant to Section 2.12 of the Replacement Term Loan Agreement (as such amounts shall have been reduced pursuant to Section 2.15 thereof), and (c) the aggregate amount of principal
payments (except scheduled amortization payments of principal) made during such period in respect of Long-Term Indebtedness of the Borrower and its Subsidiaries (other than the Loans and Indebtedness under the Replacement Term Loan Facility), to the
extent that such payment reduced any scheduled amortization payment of principal that would have become due within one year after the date of such payment. Notwithstanding the foregoing, for purposes of calculating Consolidated Fixed Charges for any
period that includes a fiscal quarter (or portion thereof) prior to the Funding Date, Consolidated Fixed Charges shall be calculated from the period from the Funding Date to the date of determination divided by the number of days in such period and
multiplied by 365. 
 “Consolidated Funded Indebtedness” means, as of any date of determination, for the
Borrower and its Subsidiaries on a consolidated basis, the sum, without duplication, of all Funded Indebtedness of the Borrower and its Subsidiaries on such date. 
 “Consolidated Interest Charges” means, for any period, for the Borrower and its Subsidiaries on a consolidated basis, the sum of (a) all cash interest, premium payments, debt
discount, charges and related fees and expenses of the Borrower and its Subsidiaries in connection with borrowed money (including capitalized interest) or in connection with the deferred purchase price of assets, in each case to the extent treated
as interest in accordance with GAAP, and (b) the portion of rent expense of the Borrower and its Subsidiaries with respect to such period under capital leases that is treated as interest in accordance with GAAP. Notwithstanding the foregoing,
for purposes of calculating Consolidated Interest Charges for any period that includes a fiscal quarter (or portion thereof) prior to the Funding Date (other than as a 

  
 12 

 
component of Consolidated Adjusted EBITDA), Consolidated Interest Charges shall be calculated from the period from the Funding Date to the date of determination divided by the number of days in
such period and multiplied by 365. 
 “Consolidated Net Income” means, for any period, for the Borrower and its
Subsidiaries on a consolidated basis, the net income of the Borrower and its Subsidiaries for such period determined in accordance with GAAP but excluding in any event (a) after-tax extraordinary gains or extraordinary losses;
(b) after-tax gains or losses realized from (i) the acquisition of any securities, or the extinguishment or conversion of any Indebtedness or Equity Interest, of the Borrower or any of its Subsidiaries or (ii) any sales of assets
(other than inventory in the ordinary course of business); (c) net earnings or loss of any other Person (other than a Subsidiary of the Borrower) in which the Borrower or any of its Subsidiaries has an ownership interest, except (in the case of
any such net earnings) to the extent such net earnings shall have actually been received by the Borrower or such Subsidiary (subject to the limitation in clause (d) below) in the form of cash dividends or distributions; (d) the net income
of any Subsidiary to the extent that the declaration or payment of dividends or similar distributions by such Subsidiary of its net income is not at the time of determination permitted without approval under applicable Law or under such
Subsidiary’s organizational documents or any agreement or instrument applicable to such Subsidiary or its stockholders; (e) gains or losses from the cumulative effect of any change in accounting principles; (f) earnings resulting from
any reappraisal, revaluation or write-up or write-down of assets; and (g) the income (or loss) of any Person accrued prior to the date it becomes a Subsidiary of the Borrower or any of its Subsidiaries or is merged into or consolidated with the
Borrower or any of its Subsidiaries or such Person’s assets are acquired by the Borrower or such Subsidiary. In addition, Consolidated Net Income shall be calculated without giving effect to (i) any write-off of deferred financing costs
incurred as a result of the refinancing of Indebtedness, (ii) purchase accounting or similar adjustments required or permitted by GAAP, in connection with the Restructuring or any Permitted Acquisitions or other permitted Investments, and
adjustments resulting from the adoption of fresh-start accounting principles and other non-cash adjustments arising out of the Restructuring and the effectiveness thereof, (iii) any gain or loss recognized in determining consolidated net income
(or net loss) for such period in respect of pension and other post-retirement benefits and (iv) any gain or loss recognized in determining consolidated net income (or loss) for such period in respect of pension assets. 

“Consolidated Total Debt” means, as at any date of determination, the sum, without duplication, of all Funded
Indebtedness of the Borrower and its Subsidiaries determined on a consolidated basis; provided that for purposes of this definition, the second parenthetical contained in clause (a) of the definition of “Funded Indebtedness”
shall be deemed to be as follows: (but in any case excluding obligations in respect of undrawn letters of credit, trade and other accounts payable not more than ninety (90) days past due and customer deposits). 

“Contractual Obligation” means, as to any Person, any provision of any security issued by such Person or of any
agreement, instrument or other undertaking to which such Person is a party or by which it or any of its property is bound. 

“Control” has the meaning specified in the definition of “Affiliate.” 

  
 13 

 “Cost” means, as reasonably determined by the Administrative Agent in good
faith, with respect to Inventory, the lower of (a) cost computed on a specific identification or first in first out basis or (b) market value, provided that for purposes of the calculation of Borrowing Base, the Cost of Inventory
shall not include (A) the portion of the cost of Inventory equal to the profit earned by any Affiliate on the sale thereof to any Loan Party, or (B) write ups or write downs in cost with respect to currency exchange rates. 

“Covenant Compliance Event” shall have the meaning assigned to such term in Section 7.14(a). 

“Credit Extension” means, as the context may require, (i) the making of a Loan by a Lender or (ii) the
issuance of any Letter of Credit by the Issuing Bank or the amendment, extension or renewal of any Existing Letter of Credit; provided that “Credit Extensions” shall not include conversions and continuations of outstanding Loans.

 “Debtors” has the meaning specified in the recitals hereto. 

“Debtor Relief Laws” means the Bankruptcy Code of the United States, the Bankruptcy and Insolvency Act (Canada), the
Companies Creditors Arrangement Act (Canada), the Winding-up Act (Canada), and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or
similar debtor relief Laws of the United States, Canada or other applicable jurisdictions from time to time in effect and affecting the rights of creditors generally. 
 “Default” means any event or condition that constitutes an Event of Default or that, with the giving of any notice, the passage of any applicable grace period, or both, would be an Event
of Default. 
 “Defaulting Lender” means any Lender that, as determined by the Administrative Agent,
(a) has failed to perform any funding obligations hereunder, and such failure is not cured within three Business Days; (b) has notified the Administrative Agent or the Borrower that such Lender does not intend to comply with its funding
obligations hereunder or has made a public statement to the effect that it does not intend to comply with its funding obligations hereunder or under any other credit facility; (c) has failed, within three Business Days following request by the
Administrative Agent, to confirm in a manner satisfactory to the Administrative Agent that such Lender will comply with its funding obligations hereunder; or (d) has, or has a direct or indirect parent company that has, become the subject of an
insolvency proceeding or taken any action in furtherance thereof; provided, however, that a Lender shall not be a Defaulting Lender solely by virtue of a Governmental Authority’s ownership of any equity interest in such Lender or
parent company. 
 “Default Rate” means an interest rate equal to (a) in the case of principal of any
Loan, 2% per annum in excess of the rate in effect from time to time, (b) in the case of LC Participation Fees, 2% plus the otherwise applicable rate thereof, or (c) in the case of any other amount, 2% plus the rate in
effect from time to time applicable to Base Rate Loans as provided in Section 2.06(a). 

  
 14 

 “Delayed Draw Termination Date” means the date prior to the Funding Date
that is the earliest to occur of the following: (a) the six (6) month anniversary of the Execution Date, (b) the date that the Borrower notifies the Administrative Agent in writing that the conditions in Section 4.02 shall
not be met or that it otherwise elects to terminate this Agreement, (c) if the Chapter 11 Cases have commenced, the date that is ten (10) days following the Petition Date if the Bankruptcy Court has not entered the Interim Approval Order
or prior to such date, (d) if the Chapter 11 Cases have commenced, the date that is 45 days following the Petition Date if the Bankruptcy Court has not entered the Final Approval Order on or prior to such date, (e) if the Chapter 11 Cases
have commenced, the date on which the Bankruptcy Court denies entry of the Interim Approval Order or the Final Approval Order (and for avoidance of doubt, for purposes of this clause (e), any adjournment by the Bankruptcy Court of the hearing
on the Borrower’s motion for the entry of the Interim Approval Order or the Final Approval Order to a subsequent date shall not in and of itself be deemed to constitute a denial of the entry of the Interim Approval Order or Final Approval
Order), (f) if the Chapter 11 Cases have commenced, the date on which the Interim Approval Order, once entered by the Bankruptcy Court (and prior to entry of the Final Approval Order), shall cease to be in full force and effect or shall have
been (in a manner that is adverse to the Administrative Agent or the Lenders as determined in good faith by the Administrative Agent) reversed, modified, amended, stayed or vacated, in the case of any modification or amendment that is adverse to the
Lenders (as determined in good faith by the Administrative Agent), without the prior written consent of the Administrative Agent and the Required Lenders, (g) if the Chapter 11 Cases have commenced, the date on which the Final Approval Order,
once entered by the Bankruptcy Court, shall cease to be in full force and effect or shall have been (in a manner that is adverse to the Administrative Agent or the Lenders as determined in good faith by the Administrative Agent) reversed, modified,
amended, stayed or vacated, in the case of any modification or amendment that is adverse to the Lenders (as determined in good faith by the Administrative Agent), without the prior written consent of the Administrative Agent and the Required
Lenders, (h) the date on which the Borrower notifies the Administrative Agent in writing that both the transactions contemplated by the Exchange Offer Documentation and the Reorganization Plan are abandoned or (i) the date on which the
Administrative Agent, at the direction of the Required Lenders, has, based upon the occurrence of any Event of Default, declared all Obligations due and immediately payable pursuant to Section 8.02 and delivered a notice of termination
of this Agreement. 
 “Determination Period” has the meaning specified in Section 7.15. 

“Disposition” or “Dispose” means the sale, transfer, license, lease or other disposition (including any
sale and leaseback transaction) of any property by any Person, including any sale, assignment, transfer or other disposal, with or without recourse, of any notes or accounts receivable or any rights and claims associated therewith. 

“Disqualified Equity Interests” means any Equity Interest which, by its terms (or by the terms of any security or other
Equity Interests into which it is convertible or for which it is exchangeable or exercisable), or upon the happening of any event or condition (a) matures (excluding any maturity as the result of any optional redemption by the issuer thereof)
or is mandatorily redeemable (other than solely for Equity Interests which are not otherwise Disqualified Equity Interests), pursuant to a sinking fund obligation or otherwise, (b) is redeemable at the option of the holder thereof (other than
solely for Equity Interests which are 

  
 15 

 
not otherwise Disqualified Equity Interests), in whole or in part, (c) provides for scheduled payments or dividends in cash, or (d) is or becomes convertible into or exchangeable for
Indebtedness or any other Equity Interests that would constitute Disqualified Equity Interests, in each case, prior to the date that is 91 days after the Revolving Maturity Date, except, in the case of clauses (a) and (b), if as a
result of a change of control or asset sale, so long as any rights of the holders thereof upon the occurrence of such a change of control or asset sale event are subject to the prior payment in full of all Obligations (other than contingent
indemnification obligations and expense reimbursement obligations not yet due and payable) and the termination of the Commitments. 
 “Dollar” and “$” mean lawful money of the United States. 
 “Domestic Subsidiary” means any Subsidiary that is not a Foreign Subsidiary. 
 “Eligible Accounts” shall have the meaning assigned to such term in Section 2.14(a). 
 “Eligible Assignee” means (a) a Lender; (b) an Affiliate of a Lender; (c) an Approved Fund; and (d) any other Person (other than a natural person) approved by
(i) the Administrative Agent, and (ii) unless a Default has occurred and is continuing, the Borrower (each such approval not to be unreasonably withheld or delayed; provided that the Borrower shall be deemed to have approved unless
it shall object thereto by written notice to the Administrative Agent within five (5) Business Days after having received notice thereof), each of which shall have complied with Section 3.01, as applicable. 

“Eligible Inventory” means, subject to adjustment as set forth in Section 2.14(b), items of Inventory of any
Loan Party, as applicable, held for sale in the ordinary course (excluding packing or shipping materials or maintenance supplies). 
 “Environmental Laws” means any and all Federal, state, local, and foreign statutes, laws, regulations, ordinances, rules, judgments, orders and decrees, and any and all restrictions,
limits, terms or conditions contained in permits, concessions, grants, franchises, licenses, agreements or governmental restrictions, in each case relating to pollution and the protection of the environment or the release of any materials into the
environment, including those related to hazardous substances or wastes, air emissions and wastewater discharges. 

“Environmental Liability” means any liability, contingent or otherwise (including any liability for damages, costs of
environmental remediation, fines, penalties or indemnities), of Holdings, the Borrower, any other Loan Party or any of their respective Subsidiaries directly or indirectly resulting from or based upon (a) violation of any Environmental Law,
(b) the generation, use, handling, transportation, storage, treatment or disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the release or threatened release of any Hazardous Materials into the
environment or (e) any contract, agreement or other consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing. 
 “Equity Interests” means (a) shares of capital stock, partnership interests, membership interests in a limited liability company, beneficial interests in a trust or other equity
ownership interests in a Person or (b) any warrants, options or other rights to acquire such shares or interests. 

  
 16 

 “Equity Investors” means the Back Stop Parties, their Affiliates, and
members of senior management of the Borrower and its Subsidiaries. 
 “Equity Proceeds” has the meaning
specified in Section 4.02(v). 
 “ERISA” means the Employee Retirement Income Security Act of 1974.

 “ERISA Affiliate” means any trade or business (whether or not incorporated) under common control with
Holdings or the Borrower within the meaning of Section 414(b) or (c) of the Code (and Sections 414(m) and (o) of the Code for purposes of provisions relating to Section 412 of the Code). 

“ERISA Event” means (a) a Reportable Event with respect to a Pension Plan; (b) a withdrawal by Holdings, the
Borrower or any ERISA Affiliate from a Pension Plan subject to Section 4063 of ERISA during a plan year in which it was a substantial employer (as defined in Section 4001(a)(2) of ERISA) or a cessation of operations that is treated as such
a withdrawal under Section 4062(e) of ERISA; (c) a complete or partial withdrawal by Holdings, the Borrower or any ERISA Affiliate from a Multiemployer Plan or notification that a Multiemployer Plan is in reorganization; (d) the
filing of a notice of intent to terminate, the treatment of a Pension Plan or Multiemployer Plan amendment as a termination under Section 4041 or 4041A of ERISA; (e) the institution by the PBGC of proceedings to terminate a Pension Plan or
a Multiemployer Plan; (f) an event or condition which constitutes grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Pension Plan or Multiemployer Plan; (g) the determination
that any Pension Plan or Multiemployer Plan is considered an at-risk plan or a plan in endangered or critical status within the meaning of Sections 430, 431 and 432 of the Code or Sections 303, 304 and 305 of ERISA; or (h) the imposition of any
liability under Title IV of ERISA, other than for PBGC premiums due but not delinquent under Section 4007 of ERISA, upon Holdings, the Borrower or any ERISA Affiliate. 
 “Eurodollar Borrowing” means a Borrowing comprised of Eurodollar Rate Loans. 
 “Eurodollar Rate” means: 
 (a) for any Interest
Period with respect to a Eurodollar Rate Loan, the rate per annum equal to (i) the British Bankers Association LIBOR Rate (“BBA LIBOR”), as published by Reuters (or such other commercially available source providing quotations
of BBA LIBOR as may be designated by the Administrative Agent from time to time) at approximately 11:00 a.m., London time, two London Banking Days prior to the commencement of such Interest Period, for Dollar deposits (for delivery on the first day
of such Interest Period) with a term equivalent to such Interest Period or (ii) if such rate is not available at such time for any reason, the rate per annum determined by the Administrative Agent to be the rate at which deposits in Dollars for
delivery on the first day of such Interest Period in same day funds in the approximate amount of the Eurodollar Rate Loan being made, continued or converted and with a term equivalent to such Interest Period would be offered by Bank of
America’s London Branch to major 

  
 17 

 
banks in the London interbank eurodollar market at their request at approximately 11:00 a.m. (London time) two London Banking Days prior to the commencement of such Interest Period; and

 (b) for any interest calculation with respect to a Base Rate Loan on any date, the rate per annum equal to
(i) BBA LIBOR, at approximately 11:00 a.m., London time determined two London Banking Days prior to such date for Dollar deposits being delivered in the London interbank market for a term of one month commencing that day or (ii) if such
published rate is not available at such time for any reason, the rate per annum determined by the Administrative Agent to be the rate at which deposits in Dollars for delivery on the date of determination in same day funds in the approximate amount
of the Base Rate Loan being made or maintained and with a term equal to one month would be offered by Bank of America’s London Branch to major banks in the London interbank Eurodollar market at their request at the date and time of
determination. 
 “Eurodollar Rate Loan” means a Loan that bears interest at a rate based on the Eurodollar
Rate in accordance with the provisions of Article II. 
 “Event of Default” has the meaning specified in
Section 8.01. 
 “Excess Availability” means at any time on or after the Funding Date (a) the
lesser of (i) the Aggregate Commitments at such time and (ii) the Borrowing Base minus (b) the Aggregate Exposures, in each case determined at such time. 
 “Excess Availability Requirement” means Excess Availability after the Funding Date equals or exceeds the greater of (a) 12.5% of the then-applicable Borrowing Base and
(b) $7,000,000. 
 “Exchange Offer” has the meaning specified in the recitals hereto. 

“Exchange Offer Documentation” means the Exchange Offering Memorandum and all material documents, instruments,
certificates or other agreements executed and or delivered in connection with the Exchange Offer and the transactions contemplated thereby (it being agreed that the Exchange Offering Memorandum and the other Exchange Offer Documentation and the
terms thereof in the forms (whether or not in executed form) attached to the Execution Date Certificate and approved by the Administrative Agent on the Execution Date shall be deemed Exchange Offer Documentation that is satisfactory to and approved
by the Administrative Agent and the Lenders for all purposes hereunder). 
 “Exchange Offering Memorandum”
means that certain Offering Memorandum and Disclosure Statement soliciting the consent of the holders of the Senior Subordinated Notes. 
 “Excluded Taxes” means, with respect to the Administrative Agent, any Lender, the Issuing Bank or any other recipient of any payment to be made by or on account of any obligation of the
Borrower hereunder, (a) taxes imposed on or measured by its overall net income (however denominated), and franchise taxes imposed on it (in lieu of net income taxes), by the jurisdiction (or any political subdivision thereof) under the Laws of
which such recipient is organized or in which its principal office is located or, in the case of any Lender, in which its 

  
 18 

 
applicable Lending Office is located, (b) any branch profits taxes imposed by the United States or any similar tax imposed by any other jurisdiction in which the Borrower is located,
(c) any backup withholding tax that is required by the Code to be withheld from amounts payable to a Lender that has failed to comply with clause (A) of Section 3.01(e)(ii), and (d) in the case of a Foreign Lender (other
than an assignee pursuant to a request by the Borrower under Section 11.16), any United States withholding tax that (i) is required to be imposed on amounts payable to such Foreign Lender pursuant to the Laws in force at the time
such Foreign Lender becomes a party hereto (or designates a new Lending Office) or (ii) is attributable to such Foreign Lender’s failure or inability (other than as a result of a Change in Law) to comply with clause (B) of
Section 3.01(e)(ii), except to the extent that such Foreign Lender (or its assignor, if any) was entitled, at the time of designation of a new Lending Office (or assignment), to receive additional amounts from the Borrower with respect
to such withholding tax pursuant to Section 3.01(a)(ii) or (c). 
 “Execution Date” has the
meaning specified in Section 4.01. 
 “Execution Date Certificate” means the Execution Date
Certificate substantially in the form of Exhibit J. 
 “Existing Indebtedness” means Indebtedness of the
Loan Parties and their Subsidiaries under (a) the Existing Revolving Credit Agreement, (b) the Existing Term Loan Agreement, (c) the Senior Subordinated Notes and (d) the Reliable Notes. 

“Existing Letters of Credit” means those Letters of Credit issued under the Existing Revolving Credit Agreement
described on Schedule I hereto. 
 “Existing Revolving Credit Agreement” has the meaning specified in
the recitals hereto. 
 “Existing Revolving Credit Facility” means the revolving credit facility provided under
the Existing Revolving Credit Agreement. 
 “Existing Term Loan Agreement” means that certain Term Credit
Agreement, dated as of January 12, 2007, among the Borrower, Bank of America, as administrative agent, the lenders from time to time party thereto, and the other agents party thereto, as amended, supplemented or otherwise modified prior to the
Funding Date. 
 “Existing Term Loan Facility” means the term loan facility provided under the Existing Term
Loan Agreement. 
 “Facility” means any real property (including all buildings, fixtures or other improvements
located thereon) now, hereafter or heretofore owned, leased, operated or used by Holdings or any of its Subsidiaries or any of their respective predecessors. 
 “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 (a) if 

  
 19 

 
such day is not a Business Day, the Federal Funds Rate for such day shall be such rate on such transactions on the next preceding Business Day as so published on the next succeeding Business Day,
and (b) 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 (rounded upward, if necessary, to a whole multiple of 1/100 of 1%) charged to Bank of America on such
day on such transactions as determined by the Administrative Agent. 
 “Fee Letter” means the letter agreement,
dated December 15, 2010, between the Borrower and the Administrative Agent, as amended by that certain letter dated of even date herewith between the Borrower and the Administrative Agent. 

“Final Approval Order” has the meaning specified in Section 4.02(a)(i)(A). 

“Foreign Lender” means any Lender that is organized under the Laws of a jurisdiction other than that in which the
Borrower is resident for tax purposes (including such a Lender when acting in the capacity of the Issuing Bank). For purposes of this definition, the United States, each State thereof and the District of Columbia shall be deemed to constitute a
single jurisdiction. 
 “Foreign Subsidiary” means any Subsidiary that (i) is not organized under the laws
of the United States, any State or the District of Columbia or any political subdivision thereof and (ii) is a “controlled foreign corporation” under the Code. 
 “FRB” means the Board of Governors of the Federal Reserve System of the United States. 
 “Fronting Exposure” means a Defaulting Lender’s Pro Rata Share of LC Exposure or Swingline Loans, as applicable, except to the extent allocated to other Lenders under
Section 2.11. 
 “Fronting Fees” shall have the meaning assigned to such term in
Section 2.05(c)(ii). 
 “Fund” means any Person (other than a natural person) that 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 its activities. 
 “Funded Indebtedness” of any Person means (a) the outstanding principal amount of all obligations of such Person, whether current or long-term, for borrowed money (including
Obligations hereunder) and all obligations of such Person evidenced by bonds, debentures, notes, loan agreements or other similar instruments (but in any case excluding obligations in respect of trade and other accounts payable not more than ninety
(90) days past due and customer deposits), (b) all purchase money Indebtedness of such Person, (c) all direct obligations of such Person consisting of owed and unpaid reimbursement obligations with respect to letters of credit
(including standby and commercial), bankers’ acceptances, bank guaranties, surety bonds and similar instruments, (d) all obligations of such Person in respect of the deferred purchase price of property or services (other than trade and
other accounts payable, customer deposits and other accrued liabilities, in each case, in the ordinary course of business), (e) Attributable Indebtedness of such Person in respect of capital leases and Synthetic Lease Obligations,
(f) without 

  
 20 

 
duplication, all Guarantees of such Person with respect to outstanding Indebtedness of the types specified in clauses (a) through (e) above of Persons other than such Person or any
Subsidiary, and (g) all Indebtedness of the types referred to in clauses (a) through (f) above of any partnership or joint venture (other than a joint venture that is itself a corporation or limited liability company) in which such
Person or any Subsidiary is a general partner or joint venturer, unless such Indebtedness is expressly made non-recourse (other than recourse for usual and customary “bad boy” acts) to such Person or such Subsidiary; provided that
“Funded Indebtedness” shall not include any earnouts or other amounts constituting the payment of deferred purchase price with respect to any Permitted Acquisition permitted pursuant to Section 7.02(f) or other acquisition
constituting a permitted Investment and the amount of which is based on, or calculated by reference to, bona fide financial or other operating performance, unless and until such earnouts or other amounts would be reflected as a liability on the
balance sheet of such Person in accordance with GAAP if such balance sheet were prepared at such time. 
 “Funding
Date” has the meaning specified in the recitals hereto. 
 “Funding Date Mortgaged Property” has the
meaning specified in Section 4.02(x)(i). 
 “GAAP” means generally accepted accounting principles
in the United States set forth in the opinions and pronouncements of the Accounting Principles Board and the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or such
other principles as may be approved by a significant segment of the accounting profession in the United States, that are applicable to the circumstances as of the date of determination, consistently applied. 

“Governmental Authority” means any nation or government, any state or other political subdivision thereof, any agency,
authority, instrumentality, regulatory body, court, administrative tribunal, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government.

 “Guarantee” means, as to any Person, (a) any obligation, contingent or otherwise, of such Person
guaranteeing or having the economic effect of guaranteeing any Indebtedness or other obligation payable or performable by another Person (the “primary obligor”) in any manner, whether directly or indirectly, and including any obligation of
such Person, direct or indirect, (i) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other obligation, (ii) to purchase or lease property, securities or services for the purpose of
assuring the obligee in respect of such Indebtedness or other obligation of the payment or performance of such Indebtedness or other obligation, (iii) to maintain working capital, equity capital or any other financial statement condition or
liquidity or level of income or cash flow of the primary obligor so as to enable the primary obligor to pay such Indebtedness or other obligation, or (iv) entered into for the purpose of assuring in any other manner the obligee in respect of
such Indebtedness or other obligation of the payment or performance thereof or to protect such obligee against loss in respect thereof (in whole or in part), or (b) any Lien on any assets of such Person securing any Indebtedness or such other
obligation of any other Person, whether or not such Indebtedness or such other obligation is assumed by such Person (or any right, contingent or otherwise, of any holder of such Indebtedness to obtain any such Lien). The amount of any Guarantee
shall be deemed to be an amount equal to the stated or determinable 

  
 21 

 
amount of the related primary obligation, or portion thereof, in respect of which such Guarantee is made or, if not stated or determinable, the maximum reasonably anticipated liability in respect
thereof as determined by the guaranteeing Person in good faith. The term “Guarantee” as a verb has a corresponding meaning. 
 “Guarantors” means, collectively, Holdings and each Domestic Subsidiary of the Borrower. 
 “Guaranty” means the Guaranty made by the Guarantors in favor of the Administrative Agent on behalf of the Lenders pursuant to the Security Agreement. 

“Hazardous Materials” means all explosive or radioactive substances or wastes and all hazardous or toxic substances,
wastes or other pollutants, including petroleum or petroleum distillates, asbestos or asbestos-containing materials, polychlorinated biphenyls, radon gas, infectious or medical wastes and all other substances or wastes of any nature regulated
pursuant to any Environmental Law. 
 “Historical Financial Statements” means as of the Execution Date,
(a) the audited financial statements (including the Audited Financial Statements) of the Borrower and its Subsidiaries, for the three consecutive fiscal years ended at least 90 days prior to the Execution Date, consisting of balance sheets and
the related consolidated statements of income, stockholders’ equity and cash flows for such fiscal years, and (b) the unaudited financial statements of the Borrower and its Subsidiaries as of the most recent fiscal quarter ended after the
date of the most recent audited financial statements described in clause (a) and at least 45 days prior to the Execution Date, consisting of a balance sheet and the related consolidated statements of income, stockholders’ equity and
cash flows for the three-, six- or nine-month period, as applicable, ending on such date, and, in the case of clauses (a) and (b), accompanied by the certificate of a Responsible Officer with respect thereto. 

“Holdings” has the meaning specified in the introductory paragraph hereto. 

“Holdings Administrative Advances” means any unsecured loans or advances made by the Borrower to Holdings so long as the
proceeds thereof are used for general administrative costs and expenses incurred by Holdings to the extent attributable to its capacity as a holding company of the Borrower. 
 “Holdings Merger” means the merger of Holdings contemplated by the Exchange Offering Memorandum. 
 “Increased-Cost Lender” has the meaning specified in Section 11.16(a)(i). 
 “Indebtedness” means, as to any Person at a particular time, without duplication, all of the following, whether or not included as indebtedness or liabilities in accordance with GAAP:

 (a) all obligations of such Person for borrowed money and all obligations of such Person (whether or not
representing obligations for borrowed money) evidenced by bonds, debentures, notes, loan agreements or other similar instruments (but in any case excluding trade and other accounts payable in the ordinary course of business and not more than 90 days
past due and customer deposits in the ordinary course of business); 

  
 22 

 (b) all direct or contingent obligations of such Person arising under
letters of credit (including standby and commercial), bankers’ acceptances, bank guaranties, surety bonds and similar instruments; 
 (c) net obligations of such Person under any Swap Contract; 
 (d)
all obligations of such Person to pay the deferred purchase price of property or services (other than trade and other accounts payable in the ordinary course of business and not more than 90 days past due and customer deposits in the ordinary course
of business and excluding any such obligations incurred under ERISA), which purchase price is (i) due more than 90 days from the date of incurrence of the obligation in respect thereof or (ii) evidenced by a note or similar written
instrument (but in any case excluding trade and other accounts payable in the ordinary course of business and not more than 90 days past due and customer deposits in the ordinary course of business); 

(e) indebtedness (excluding prepaid interest thereon) secured by a Lien on property owned or being purchased by such
Person (including indebtedness arising under conditional sales or other title retention agreements), whether or not such indebtedness shall have been assumed by such Person or its limited in recourse; 

(f) capital leases and Synthetic Lease Obligations; 

(g) Disqualified Equity Interests; and 

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

For all purposes hereof, the Indebtedness of any Person shall include the Indebtedness of any partnership or joint venture (other than a
joint venture that is itself a corporation or limited liability company) in which such Person is a general partner or a joint venturer, unless such Indebtedness is expressly made non-recourse to such Person. The amount of any net obligation under
any Swap Contract on any date shall be deemed to be the Swap Termination Value thereof as of such date. The amount of any capital lease or Synthetic Lease Obligation as of any date shall be deemed to be the amount of Attributable Indebtedness in
respect thereof as of such date. In no event shall operating leases (other than Attributable Indebtedness with respect to sale leaseback transactions), customary obligations under employment agreements and deferred compensation constitute
Indebtedness. 
 “Indemnified Liabilities” has the meaning specified in Section 11.05. 

“Indemnified Taxes” means Taxes other than Excluded Taxes. 

“Indemnitees” has the meaning specified in Section 11.05. 

“Information” has the meaning specified in Section 11.08. 

  
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 “Initial Public Offering” means an initial primary underwritten public
offering of the common stock of Holdings or SuperHoldings at any time after the Execution Date, other than any public offering or sale pursuant to a registration statement on Form S-4, S-8 or a comparable or successor form. 

“Insurance Proceeds” means any proceeds received from insurance maintained by or on behalf of Holdings or any Subsidiary
(including the Borrower) and relating to claims with respect to losses of Holdings or such Subsidiary (including the Borrower), whether such proceeds are payable to Holdings, such Subsidiary (including the Borrower) or to the Administrative Agent,
net of amounts of the type described in clauses (A), (B) and (C) of clause (ii) of the definition of “Net Cash Proceeds” with respect to the loss giving rise to receipt of such proceeds. 

“Intercreditor Agreement” means an intercreditor agreement entered into by the Administrative Agent and the Replacement
Term Loan Facility Agent in connection with the Replacement Term Loan Facility, substantially in the form attached hereto as Exhibit K or otherwise in form and substance reasonably satisfactory to the Administrative Agent, the applicable Loan
Parties party to the Replacement Term Loan Facility and the Replacement Term Loan Facility Agent, as such agreement may be amended, supplemented, modified, restated, renewed or replaced (whether upon or after termination or otherwise) in whole or in
part from time to time in accordance with the terms set forth therein. 
 “Interest Election Request” means a
request by the Borrower to convert or continue a Revolving Borrowing in accordance with Section 2.08(b), substantially in the form of Exhibit B or such other form approved by Administrative Agent. 

“Interest Payment Date” means, (a) as to any Loan other than a Base Rate Loan, the last day of each Interest Period
applicable to such Loan and the Revolving Maturity Date; provided, however, that if any Interest Period for a Eurodollar Rate Loan exceeds three months, the respective dates that fall every three months after the beginning of such
Interest Period shall also be Interest Payment Dates; (b) as to any Base Rate Loan, the last Business Day of each month and the Revolving Maturity Date; and (c) with respect to any Swingline Loan, the day that such Loan is required to be
repaid. 
 “Interest Period” means, with respect to any Eurodollar Borrowing, the period commencing on the date
of such Borrowing and ending on the numerically corresponding day in the calendar month that is one, two, three, or six months thereafter (or if available to all Lenders nine or twelve months thereafter), as the Borrower may elect; provided
that 
 (a) if any Interest Period would end on a day other than a Business Day, such Interest Period shall be extended to the
next succeeding Business Day unless such next succeeding Business Day would fall in the next calendar month, in which case such Interest Period shall end on the next preceding Business Day; 

(b) any Interest Period that commences on the last Business Day of a calendar month (or on a day for which there is no numerically
corresponding day in the last calendar month of such Interest Period) shall end on the last Business Day of the last calendar month of such Interest 

  
 24 

 
Period. For purposes hereof, the date of a Borrowing initially shall be the date on which such Borrowing is made and thereafter shall be the effective date of the most recent conversion or
continuation of such Borrowing; and 
 (c) no Interest Period shall extend beyond the Revolving Maturity Date. 

“Interim Approval Order” has the meaning specified in Section 6.18(a). 

“Interim Period” shall have the meaning assigned to such term in Section 7.14(b). 

“Inventory” means all “inventory,” as such term is defined in the UCC as in effect on the date hereof in the
State of New York, wherever located, in which any Person now or hereafter has rights. 
 “Inventory Appraisal”
means (a) on the Funding Date, the inventory appraisal referenced in Section 4.02(l)(ii) and (b) thereafter, the most recent inventory appraisal conducted by an independent appraisal firm and delivered pursuant to
Section 6.15 hereof. 
 “Inventory Reserves” means such reserves against Inventory as may be
established from time to time by the Administrative Agent, in its Permitted Discretion. 
 “Investment” means,
as to any Person, any direct or indirect acquisition or investment by such Person, whether by means of (a) the purchase or other acquisition of capital stock or other securities of another Person, (b) a loan, advance or capital
contribution to, Guarantee or assumption of debt of, or purchase or other acquisition of any other debt or equity participation or interest in, another Person, including any partnership or joint venture interest in such other Person, or (c) the
purchase or other acquisition (in one transaction or a series of transactions) of assets of another Person that constitute a business unit. For purposes of covenant compliance, the amount of any Investment shall be the amount actually invested,
without adjustment for subsequent increases or decreases in the value of such Investment. 
 “IP Rights” has
the meaning specified in Section 5.18. 
 “Issuing Bank” means, as the context may require,
(a) Bank of America, with respect to Letters of Credit issued by it; (b) any other Lender that may become an Issuing Bank pursuant to Sections 2.13(i) and 2.13(k), with respect to Letters of Credit issued by such Lender;
(c) with respect to the Existing Letters of Credit, the Lender which issued each such Letter of Credit, or (d) collectively, all of the foregoing. 
 “Issuing Bank Indemnitees” means the Issuing Bank and its officers, directors, employees, Affiliates, agents and attorneys. 

“Landlord Lien Reserve” shall have the meaning assigned to such term in Section 2.16(a)(i). 

“Landlord Lien Waiver and Access Agreement” means a Landlord Lien Waiver and Access Agreement, substantially in the form
of Exhibit F or such other form reasonably approved by the Administrative Agent. 

  
 25 

 “Laws” means, collectively, all international, foreign, Federal, state and
local statutes, treaties, rules, guidelines, regulations, ordinances, codes and administrative or judicial precedents or authorities, including the interpretation or administration thereof by any Governmental Authority charged with the enforcement,
interpretation or administration thereof, and all applicable administrative orders, directed duties, requests, licenses, authorizations and permits of, and agreements with, any Governmental Authority, in each case whether or not having the force of
law. 
 “LC Collateral Account” means a collateral account in the form of a deposit account established and
maintained by the Administrative Agent for the benefit of the Secured Parties, in accordance with the provisions of Section 10.01. 
 “LC Commitment” means the commitment of the Issuing Bank to issue Letters of Credit pursuant to Section 2.13. 

“LC Credit Extension” means, with respect to any Letter of Credit, the issuance thereof or extension of the expiry date
thereof, or the increase of the amount thereof. 
 “LC Disbursement” means a payment or disbursement made by
the Issuing Bank pursuant to a Letter of Credit. 
 “LC Documents” means all documents, instruments and
agreements delivered by the Borrower or any other Person to the Issuing Bank or the Administrative Agent in connection with any Letter of Credit. 
 “LC Exposure” means at any time the sum of (a) the aggregate undrawn amount of all outstanding Letters of Credit at such time plus (b) the aggregate principal amount of all LC
Disbursements that have not yet been reimbursed at such time. The LC Exposure of any Revolving Lender at any time shall mean its Pro Rata Percentage of the aggregate LC Exposure at such time. 

“LC Participation Fee” shall have the meaning assigned to such term in Section 2.05(c)(i). 

“LC Request” means a request by the Borrower in accordance with the terms of Section 2.13(b) and
substantially in the form of Exhibit I, or such other form as shall be approved by the Issuing Lender. 

“Leasehold Property” means any leasehold interest of any Loan Party as lessee under any lease of real property, other
than any such leasehold interest designated from time to time by Administrative Agent in its sole discretion as not being required to be included in the Collateral. 
 “Lenders” means (a) the financial institutions that are a party hereto on the Execution Date (other than any such financial institution that has ceased to be a party hereto pursuant
to an Assignment and Acceptance) and (b) any financial institution that has become a party hereto pursuant to an Assignment and Acceptance. Unless the context clearly indicates otherwise, the term “Lenders” shall include the Swingline
Lender. 

  
 26 

 “Lending Office” means, as to any Lender, the office or offices of such
Lender described as such in such Lender’s Administrative Questionnaire, or such other office or offices as a Lender may from time to time notify the Borrower and the Administrative Agent. 

“Letter of Credit” means any letters of credit issued or to be issued by an Issuing Bank for the account of the Borrower
or any of its Subsidiaries pursuant to Section 2.13, including each Existing Letter of Credit. 
 “Letter of
Credit Expiration Date” means the date which is five (5) Business Days prior to the Revolving Maturity Date. 

“Leverage Ratio” means the ratio as of the last day of any fiscal quarter of (a) Consolidated Total Debt as of such
day to (b) Consolidated Adjusted EBITDA for the four fiscal quarter period ending on such date. 
 “Lien”
means any mortgage, pledge, hypothecation, assignment, deposit arrangement, encumbrance, lien (statutory or other), charge, or preference, priority or other security interest or preferential arrangement of any kind or nature whatsoever (including
any conditional sale or other title retention agreement, and any financing lease having substantially the same economic effect as any of the foregoing). For the avoidance of doubt, “Lien” shall not be deemed to include any license of IP
Rights. 
 “Loan Documents” means this Agreement, each Note, the Fee Letter, the Intercreditor Agreement and
the Security Documents. 
 “Loan Parties” means, collectively, the Borrower, Holdings and each other Guarantor.

 “Loans” means advances made to or at the instructions of the Borrower pursuant to Article II hereof and may
constitute Revolving Loans or Swingline Loans. 
 “London Banking Day” means any day on which dealings in
Dollar deposits are conducted by and between banks in the London interbank eurodollar market. 
 “Long-Term
Indebtedness” means any Indebtedness that, in accordance with GAAP, constitutes (or, when incurred, constituted) a long-term liability. 
 “Management Agreement” means the corporate advisory services agreement by and among the Borrower and Platinum Equity Advisors, LLC, a Delaware limited liability company (or any of its
Affiliates), as such agreement may be amended or modified from time to time; provided that such agreement, as amended from time to time, shall be in form and substance reasonably satisfactory to the Administrative Agent. 

“Material Adverse Effect” means a material adverse effect on and/or material adverse developments with respect to
(a) the business, operations, properties, assets or financial condition of Holdings and its Subsidiaries taken as a whole (other than the Restructuring, those events, effects or developments typically resulting from the Restructuring, the
announcement of the filing of the Chapter 11 Cases, if the Chapter 11 Cases have commenced, those events, effects or developments typically resulting from the emergence from the Chapter 11 Cases or the

  
 27 

 
effectiveness of the Exchange Offer, or any other events disclosed in Holdings’ filings with the SEC prior to or on the Execution Date); (b) the ability of the Loan Parties, taken as a
whole, to fully and timely perform their Obligations (subject, if the Chapter 11 Cases have commenced, to the Interim Approval Order or the Final Approval Order, whichever is then in effect); (c) the legality, validity, binding effect or
enforceability against a Loan Party of a Loan Document to which it is a party (subject, if the Chapter 11 Cases have commenced, to the Interim Approval Order or the Final Approval Order, whichever is then in effect); or (d) the rights, remedies
and benefits available to, or conferred upon, any Agent and any Lender or any Secured Party under any Loan Document (subject, if the Chapter 11 Cases have commenced, to the Interim Approval Order or the Final Approval Order, whichever is then in
effect). 
 “Material Contract” means any contract or other arrangement to which Holdings or any of its
Subsidiaries is a party (other than the Loan Documents) for which breach, nonperformance, cancellation or failure to renew could reasonably be expected to have a Material Adverse Effect. 

“Material Real Estate Asset” means (a) any fee-owned Real Estate Asset having a fair market value in excess of
$500,000 as of the date of the acquisition thereof, (b) all Leasehold Properties other than those with respect to which the aggregate base rental payments (exclusive of inflation adjustments and ignoring possible renewals, all as determined in
good faith by the Borrower) under the term of the lease are less than $1,250,000 per annum and (c) any other Real Estate Asset to the extent that a mortgage on such Real Estate Asset has been granted under, or in respect of, the Replacement
Term Loan Facility. 
 “Maximum Rate” has the meaning specified in Section 11.10. 

“Moody’s” means Moody’s Investors Service, Inc. and any successor thereto. 

“Mortgage” means a mortgage, deed of trust, assignment of leases and rents, leasehold mortgage or other security
document granting a Lien on any Real Estate Asset to secure the Secured Obligations. Each Mortgage must be reasonably satisfactory in form and substance to the Administrative Agent or substantially in the same form provided to the Replacement Term
Loan Facility Agent. 
 “Multiemployer Plan” means any employee benefit plan of the type described in
Section 4001(a)(3) of ERISA, to which Holdings, the Borrower or any ERISA Affiliate makes or is obligated to make contributions, or during the preceding five plan years, has made or been obligated to make contributions. 

“Net Cash Proceeds” means with respect to any Disposition, the excess, if any, of (a) the sum of cash and cash
equivalents received in connection with such Disposition (including any cash received by way of deferred payment pursuant to, or by monetization of or other cash realization upon, a note receivable or other non-cash consideration, but only as and
when so received) over (b) the sum of (A) the principal, interest, premiums, penalties and other amounts due under any Indebtedness that is secured by such asset and that is required to be repaid in connection with such event (other than
Indebtedness under the Loan Documents), (B) the out-of-pocket expenses incurred by the Borrower or any Subsidiary in connection with any Disposition, (C) taxes reasonably estimated to be actually payable with respect to the taxable year in
which 

  
 28 

 
such Disposition occurred as a result of any gain recognized in connection therewith and (D) amounts reasonably expected to be payable prior to the Revolving Maturity Date pursuant to
customary escrow arrangements, purchase price adjustments or indemnification agreements in connection with any Asset Sale (as estimated in good faith by a Responsible Officer of the applicable Loan Party and set forth in a certificate delivered to
the Administrative Agent prior to the consummation of such Disposition). 
 “Net Insurance/Condemnation
Proceeds” means an amount equal to: (a) any cash payments or proceeds received by Holdings or any of its Subsidiaries (i) under any casualty, business interruption or “key man” insurance policies in respect of any
covered loss thereunder or (ii) as a result of the taking of any assets of Holdings or any of its Subsidiaries by any Person pursuant to the power of eminent domain, condemnation or otherwise, or pursuant to a sale of any such assets to a
purchaser with such power under threat of such a taking, minus (b) (i) any actual and reasonable costs incurred by Holdings or any of its Subsidiaries in connection with the adjustment or settlement of any claims of Holdings or such
Subsidiary in respect thereof, and (ii) any bona fide direct costs incurred in connection with any sale of such assets as referred to in clause (a)(ii) of this definition, including income taxes payable as a result of any gain recognized in
connection therewith. 
 “Net Recovery Cost Percentage” means the fraction, expressed as a percentage,
(a) the numerator of which is the amount equal to the blended recovery on the aggregate amount of the Eligible Inventory at such time on a “net orderly liquidation value” basis as set forth in the most recent Inventory Appraisal
received by the Administrative Agent in accordance with Section 6.15, net of operating expenses, liquidation expenses and commissions reasonably anticipated in the disposition of such assets, and (b) the denominator of which is the
original Cost of the aggregate amount of the Eligible Inventory subject to appraisal. 
 “Non-Consenting
Lender” has the meaning specified in Section 11.16(a)(iii). 
 “Non-Core Disposition”
means any Disposition of non-core assets (including real estate) acquired pursuant to a Permitted Acquisition. 

“Note” means a promissory note made by the Borrower in favor of a Lender evidencing Loans made by such Lender,
substantially in the form of Exhibit A. 
 “Noticed Hedge” means any Secured Bank Product Obligations
arising under a Swap Contract. 
 “Obligations” means (i) all advances to, and debts, liabilities,
obligations, covenants and duties of, any Loan Party arising under any Loan Document or otherwise with respect to any Loan or Letter of Credit and (ii) all Secured Bank Product Obligations, in each case whether direct or indirect (including
those acquired by assumption), absolute or contingent, due or to become due, now existing or hereafter arising and including interest and fees that accrue after the commencement by or against any Loan Party or any Affiliate thereof of any proceeding
under any Debtor Relief Laws naming such Person as the debtor in such proceeding, regardless of whether such interest and fees are allowed claims in such proceeding. 

  
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 “Off-Balance Sheet Liabilities” means, with respect to any Person as of any
date of determination thereof, without duplication and to the extent not included as a liability on the consolidated balance sheet of such Person and its Subsidiaries in accordance with GAAP: (a) with respect to any asset securitization
transaction (including any accounts receivable purchase facility) (i) the unrecovered investment of purchasers or transferees of assets so transferred, and (ii) any other payment, recourse, repurchase, hold harmless, indemnity or similar
obligation of such Person or any of its Subsidiaries in respect of assets transferred or payments made in respect thereof, other than limited recourse provisions that are customary for transactions of such type and that neither (x) have the
effect of limiting the loss or credit risk of such purchasers or transferees with respect to payment or performance by the obligors of the assets so transferred nor (y) impair the characterization of the transaction as a true sale under
applicable Laws (including Debtor Relief Laws); (b) the monetary obligations under any financing lease or so-called “synthetic,” tax retention or off-balance sheet lease transaction which, upon the application of any Debtor Relief Law
to such Person or any of its Subsidiaries, would be characterized as indebtedness; or (c) the monetary obligations under any sale and leaseback transaction which does not create a liability on the consolidated balance sheet of such Person and
its Subsidiaries. 
 “Organization Documents” means, (a) with respect to any corporation, the certificate
or articles of incorporation and the bylaws (or equivalent or comparable constitutive documents with respect to any non-U.S. jurisdiction); (b) with respect to any limited liability company, the certificate or articles of formation or
organization and operating agreement; and (c) with respect to any partnership, joint venture, trust or other form of business entity, the partnership, joint venture or other applicable agreement of formation or organization and any agreement,
instrument, filing or notice with respect thereto filed in connection with its formation or organization with the applicable Governmental Authority in the jurisdiction of its formation or organization and, if applicable, any certificate or articles
of formation or organization of such entity. 
 “Other Liabilities” means outstanding liabilities with respect
to or arising from any Bank Products. 
 “Other Taxes” means all present or future stamp or documentary taxes
or any other excise or property taxes, charges or similar levies arising from any payment made hereunder or under any other Loan Document or from the execution, delivery or enforcement of, or otherwise with respect to, this Agreement or any other
Loan Document. 
 “Outstanding Amount” means with respect to Loans on any date, the aggregate outstanding
principal amount thereof after giving effect to any borrowings and prepayments or repayments of Loans occurring on such date. 

“ownership interests” has the meaning specified in Section 4.02(e). 

“Participant” has the meaning specified in Section 11.07(d). 

“PATRIOT Act” has the meaning specified in Section 11.21. 

“PBGC” means the Pension Benefit Guaranty Corporation. 

  
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 “Pension Act” means the Pension Protection Act of 2006. 

“Pension Funding Rules” means the rules of the Code and ERISA regarding minimum required contributions (including any
installment payment thereof) to Pension Plans and Multiemployer Plans and set forth in, with respect to plan years ending prior to the effective date of the Pension Act, Section 412 of the Code and Section 302 of ERISA, each as in effect
prior to the Pension Act and, thereafter, Section 412, 430, 431, 432 and 436 of the Code and Sections 302, 303, 304 and 305 of ERISA. 
 “Pension Plan” means any employee pension benefit plan that is maintained or is contributed to by the Borrower or any ERISA Affiliate and is either covered by Title IV of ERISA or is
subject to the minimum funding standards under Section 412 of the Code, but other than a Multiemployer Plan. 

“Perfection Certificate” means a certificate in the form of Exhibit E to the Security Agreement or any other form
approved by the Administrative Agent. 
 “Permitted Acquisition” means the non-hostile purchase or acquisition
by the Borrower or any of its wholly owned Subsidiaries, whether by purchase, merger or otherwise, of all or substantially all of the assets of, all of the Equity Interests of, or a business line or unit or a division of, any Person;
provided, 
 (a) prior to and after giving effect to such purchase or acquisition, no Default or Event of Default with
respect to any obligation described in Section 8.01(a) or any covenant or agreement described in Section 8.01(b), and no Event of Default under any other clause of Section 8.01, in each case to the extent
applicable calculated on a pro-forma basis in accordance with Section 7.15 after giving effect to such purchase or other acquisition, shall have occurred and be continuing; 

(b) all transactions in connection therewith shall be consummated, in all material respects, in accordance with all applicable laws and
in conformity with all applicable governmental authorizations; 
 (c) in the case of the acquisition of Equity Interests, all of
the Equity Interests (except for any such securities in the nature of directors’ qualifying shares required pursuant to applicable law) acquired or otherwise issued by such Person or any newly formed Subsidiary of the Borrower in connection
with such acquisition shall be owned 100% by the Borrower or a Subsidiary thereof that is a Guarantor, and the Borrower shall have taken, or caused to be taken, as of the date such Person becomes a Subsidiary of the Borrower, each of the actions set
forth in Sections 6.12 and/or 6.13(e), as applicable; 
 (d) the Borrower and its Subsidiaries shall be in
compliance with the financial covenants set forth in Section 7.02(f) on a pro forma basis after giving effect to such acquisition as of the last day of the fiscal month most recently ended (as determined in accordance with
Section 7.15); 
 (e) solely in the case of any such purchase or acquisition in respect of which the Acquisition
Consideration exceeds $1,000,000 (or, with respect to any acquisition after more 

  
 31 

 
than five (5) Permitted Acquisitions have been consummated), the Borrower shall have delivered to the Administrative Agent: (i) at least fifteen (15) Business Days prior to such
proposed acquisition, (x) a Permitted Acquisition Certificate and (y) all other financial information with respect to such acquired assets relevant to calculate the aggregate consideration for such acquired assets and any other information
required to demonstrate compliance with Section 7.02(f) and (ii) promptly upon request by Administrative Agent, (A) a copy of the purchase agreement related to the proposed Permitted Acquisition (and any related documents
reasonably requested by the Administrative Agent), in each case in substantially final form, and (B) to the extent provided to the Borrower or such Subsidiary, financial statements of the Person whose Equity Interests or assets are being
acquired for the twelve (12) month period most recently ended at least 45 days prior to such proposed Permitted Acquisition, including any audited financial statements that have been delivered to the Borrower or such Subsidiary; 

(f) the acquisition shall have been approved by the board of directors or other governing body or controlling Person of such Person
acquired or the Person from whom such assets or division are acquired; 
 (g) any Person or assets or division as acquired in
accordance herewith shall be in a business or lines of business permitted pursuant to Section 7.07; and 
 (h) the
aggregate Acquisition Consideration paid in connection with all such acquisitions shall not exceed $100,000,000. 

“Permitted Acquisition Certificate” means, with respect to any Permitted Acquisition, a certificate of a Responsible
Officer certifying compliance with the conditions set forth in clause (a) of the definition thereof with respect to such Permitted Acquisition, and setting forth (a) a calculation in reasonable detail of compliance with
Section 7.02(f), (b) at the Borrower’s option, any one-time payments contemplated to be made at the time of the consummation of such Permitted Acquisition, and (c) at the Borrower’s option, synergies or cost
reductions as reasonably estimated by the Borrower in good faith and on the basis of reasonable assumptions to be realized within 12 months of the date of consummation of such Permitted Acquisition. 

“Permitted Acquisition Consideration” means, in respect of any Permitted Acquisition at any time, the aggregate amount
of (a) Permitted Additional Equity that is contributed into Holdings (and that Holdings substantially contemporaneously contributes to Borrower) and is contributed in contemplation of funding such Permitted Acquisition and has not previously
been utilized to fund a Permitted Acquisition or an Investment permitted pursuant to Section 7.02, (b) Equity Interests (other than Disqualified Equity Interests) that are issued to the seller of the assets or Equity Interests
subject to such Permitted Acquisition, (c) net cash proceeds from Retail Facilities Dispositions and Non-Core Dispositions and proceeds from Asset Sales and condemnation or eminent domain proceedings that have not been applied to prepay the
Term Loans pursuant to Section 2.14(a) of the Replacement Term Loan Agreement and have not previously been utilized to fund a Permitted Acquisition or an Investment permitted pursuant to Section 7.02, (d) proceeds of
Indebtedness incurred pursuant to Section 7.03(j)(y), Section 7.03(h)(x), Section 7.03(a), Section 7.03(r) or Section 7.03(v) that have not previously been utilized to fund a Permitted
Acquisition or an Investment permitted pursuant to Section 7.02, and (e) Consolidated Excess Cash Flow (as defined in the Replacement Term Loan Agreement as in 

  
 32 

 
effect on the date hereof, determined without giving effect to clause (ii)(e) of the definition thereof) that has not been (A) applied pursuant to Section 2.14(e) of the Replacement
Term Loan Agreement to prepay the Term Loans (provided that, (x) with respect to Consolidated Excess Cash Flow for the immediately preceding fiscal year, the amount of Consolidated Excess Cash Flow for such immediately preceding fiscal year
shall only be included in such calculation after any prepayment required pursuant to Section 2.14(e) of the Replacement Term Loan Agreement with respect to such Consolidated Excess Cash Flow for such immediately preceding fiscal year has been
made and (y) the aggregate amount of Consolidated Excess Cash Flow for purposes of this clause (e) shall be reduced by an amount equal to the aggregate principal amount of voluntary prepayments of the Term Loans to the extent that, in
determining the principal amount of the Term Loans required to be prepaid pursuant to Section 2.14(e) of the Replacement Term Loan Agreement, such prepayments were applied to reduce such amount in accordance with such Section) or (B) used
to fund a Term Loan repurchase pursuant to Section 2.13(b) of the Replacement Term Loan Agreement and permitted hereunder; provided that, in the case of a Permitted Acquisition funded by amounts described in clause (c) or
clause (d), after giving effect to the funding and payment of the Acquisition Consideration (and, for purposes of clause (A) below, the cash portion paid of such Acquisition Consideration) for such Permitted Acquisition on the
date of consummation thereof, on a pro-forma basis, (A) Minimum Liquidity (as defined in the Replacement Term Loan Agreement as in effect on the date hereof) equals or exceeds $25,000,000 and (B) Holdings’ Leverage Ratio as of the end
of the most recently ended four fiscal quarter period for which financial statements are required to have been delivered pursuant to Section 6.01 does not exceed 3.75:1.00. 

“Permitted Acquisition Date” has the meaning specified in Section 7.02(f). 

“Permitted Additional Equity” means the cash proceeds received by Holdings from capital contributions to, or issuances
of Equity Interests (other than Disqualified Equity Interests) by, Holdings following the Funding Date, net of income taxes payable as a result of any gain recognized in connection therewith, underwriting discounts and commissions and other
reasonable costs and expenses associated therewith, including reasonable legal fees and expenses. 
 “Permitted
Discretion” means the Administrative Agent’s reasonable judgment exercised in good faith based upon (i) its consideration of any factor which the Administrative Agent believes in good faith: (a) will or could adversely affect
the value of any Collateral, the enforceability or priority of the Administrative Agent’s Liens thereon or the amount which the Administrative Agent and the Lenders would be likely to receive (after giving consideration to delays in payment,
costs of enforcement and claims that the Administrative Agent determines in its reasonable judgment will need to be satisfied in connection with the realization upon any Collateral) in the liquidation of such Collateral; (b) suggests that any
collateral report or financial information delivered to the Administrative Agent, by or on behalf of, the Borrower is incomplete, inaccurate or misleading in any material respect; or (c) materially increases the likelihood of a bankruptcy,
reorganization or other insolvency proceeding involving the Borrower or any of its Subsidiaries or any of the Collateral; and (ii) its consideration of the Loan Parties’ obligations with respect to Bank Products. The parties agree that
there is a rebuttable presumption that the Administrative Agent has acted in good faith in its determination of Permitted Discretion. 

  
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 “Permitted Investments” means investments in: 

(a) marketable securities (i) issued or directly and unconditionally guaranteed as to interest and principal by the
United States Government or (ii) issued by any agency of the United States the obligations of which are backed by the full faith and credit of the United States, in each case maturing within one year after such date; 

(b) marketable direct obligations issued by any state of the United States of America or any political subdivision of any
such state or any public instrumentality thereof, in each case maturing within one year after such date and having, at the time of the acquisition thereof, a rating of at least A-1 from S&P or at least P-1 from Moody’s; 

(c) commercial paper maturing no more than six months from the date of creation thereof and having, at the time of the
acquisition thereof, a rating of at least A-1 from S&P or at least P-1 from Moody’s; 
 (d) certificates
of deposit or bankers’ acceptances (or, in the case of Foreign Subsidiaries, the foreign equivalent thereof) maturing within six months after such date and issued or accepted by any Lender or by any commercial bank organized under the laws of
the United States of America or any state thereof or the District of Columbia that (i) is at least “adequately capitalized” (as defined in the regulations of its primary Federal banking regulator) and (ii) has Tier 1 capital (as
defined in such regulations) of not less than $500,000,000; and 
 (e) shares of any money market mutual fund
that (i) has substantially all of its assets invested continuously in the types of investments referred to in clauses (a) and (b) above, (ii) has net assets of not less than $2,500,000,000, and (iii) has the highest rating
obtainable from either S&P or Moody’s. 
 “Permitted Refinancing” has the meaning set forth in
Section 7.03(q). 
 “Permitted Waiver” has the meaning set forth in
Section 4.02(a)(ii)(A). 
 “Person” means any natural person, corporation, limited liability
company, trust, joint venture, association, company, partnership, Governmental Authority or other entity. 
 “Petition
Date” has the meaning specified in the recitals hereto. 
 “Plan” means any employee benefit plan
within the meaning of Section 3(3) of ERISA (other than a Multiemployer Plan), maintained for employees of Holdings or any Subsidiary or any such plan to which Holdings or any Subsidiary is required to contribute on behalf of any of its
employees. 
 “Plan Documents” has the meaning specified in Section 4.02(a)(i)(B). 

“Plan Effective Date” means the date on which the Reorganization Plan becomes effective and has been substantially
consummated. 

  
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 “Post Petition” means the time period beginning immediately upon the
commencement of the Chapter 11 Cases. 
 “Pre-Commitment Information” means all information (including
financial projections) that was provided to the Administrative Agent or any of the Lenders by the Back Stop Parties, Holdings, the Borrower, the Subsidiaries or any of their respective representatives (or on their behalf) prior to the date of the
Commitment Letter in connection with any aspect of the Transaction. 
 “Pre-Petition Indebtedness” means
Indebtedness otherwise permitted under Section 7.03 hereof existing immediately prior to the commencement of the Chapter 11 Cases. 
 “Pre-Petition Liens” means Liens otherwise permitted under Section 7.01 hereof existing immediately prior to the commencement of the Chapter 11 Cases. 

“Pro-Forma Adjustments” has the meaning specified in Section 7.15. 

“Pro Rata Percentage” of any Revolving Lender at any time means the percentage of the total Revolving Commitment
represented by such Lender’s Revolving Commitment. 
 “Pro Rata Share” means with respect to each Lender
at any time, a fraction (expressed as a percentage, carried out to the ninth decimal place), the numerator of which is the amount of the Exposure of such Lender at such time and the denominator of which is the amount of the Exposures at such time.
The initial Pro Rata Shares of each Lender are set forth opposite the name of such Lender on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable. 

“Real Estate Asset” means, at any time of determination, any interest (fee, leasehold or otherwise) then owned by any
Loan Party in any real property. 
 “Receivables Reserves” means such reserves as may be established with
respect to Accounts from time to time by the Administrative Agent, in its Permitted Discretion. 
 “Register”
has the meaning specified in Section 11.07(c). 
 “Related Agreements” means, collectively, the
Replacement Term Loan Facility Documents, the definitive principal agreements and instruments executed and delivered or issued pursuant to or in connection with the Rights Offering and the Exchange Offer Documentation (including all definitive
principal agreements and instruments necessary to effect the Restructuring). 
 “Reliable Notes” means each of
the promissory notes dated December 23, 2005 between Holdings and the holders thereof, as amended. 

“Reorganization Plan” means the Chapter 11 plan of reorganization, including any exhibits, supplements, appendices and
schedules thereto, in the form attached to the Execution Date Certificate, as such plan of reorganization may be amended, modified or supplemented from time to time or any of the terms or conditions thereof waived (with the prior written consent

  
 35 

 
of the Administrative Agent and the Required Lenders, solely with respect to any amendment, modification, supplement or waiver that is materially adverse to the rights and interests of the
Administrative Agent and the Lenders, as determined in good faith by the Administrative Agent). 
 “Replacement
Lender” has the meaning specified in Section 11.16(b)(ii). 
 “Replacement Term Loan
Agreement” means the Credit and Guaranty Agreement, dated of even date herewith, by and among the Borrower, Holdings, the Guarantors, the lenders party thereto from time to time and Goldman Sachs Lending Partners LLC, as Administrative
Agent and Collateral Agent, or any other definitive credit agreement entered into in connection with the Replacement Term Loan Facility. 
 “Replacement Term Loan Facility Agent” means Goldman Sachs Lending Partners LLC, in its capacity as Administrative Agent and Collateral Agent, its successors and assigns in such capacity
or any other collateral agent or similar representative of the secured parties under any Replacement Term Loan Facility. 

“Replacement Term Loan Facility” means a Term Loan facility entered by the Borrower or any Guarantor secured by
Replacement Term Loan Facility Liens that are permitted to be incurred hereunder; provided, that on or before the date on which such Indebtedness is incurred: 
 (a) such Indebtedness is designated by the Borrower, in a certificate of a Responsible Officer delivered to the Administrative Agent, as a “Replacement Term Loan Facility”; and 

(b) the collateral agent or other representative with respect to such Indebtedness, the Borrower and each applicable Guarantor, has duly
executed and delivered the Intercreditor Agreement. 
 “Replacement Term Loan Facility Documents” means the
definitive loan documentation governing the Replacement Term Loan Facility. 
 “Replacement Term Loan Facility
Liens” means Transaction Liens granted to the Replacement Term Loan Facility Agent under the Replacement Term Loan Facility Documents, at any time, upon (a) Replacement Term Loan Priority Collateral of the Borrower or any Guarantor and
(b) Collateral other than Replacement Term Loan Priority Collateral, which Liens in the case of this clause (b) are junior in priority to the Liens on such Collateral purported to be granted pursuant to the Security Documents to the
Administrative Agent. 
 “Replacement Term Loan Priority Collateral” means all “Term Priority
Collateral” as defined in the Intercreditor Agreement. 
 “Reportable Event” means any of the events set
forth in Section 4043(c) of ERISA, other than events for which the 30 day notice period has been waived. 

“Required Lenders” means, at any time, Lenders having Revolving Commitments aggregating more than 50% of the aggregate
Revolving Commitments, or if the Revolving 

  
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Commitments have been terminated, Lenders whose percentage of Revolving Exposure represents at least a majority of the sum of all Revolving Exposure; provided that Revolving Exposures or
Revolving Commitments held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Lenders. 
 “Reserves” means all (if any) Receivables Reserves, Inventory Reserves, Bank Product Reserves and Availability Reserves. 

“Responsible Officer” means, with respect to any Person, the chief executive officer, president, chief financial
officer, executive vice president and compliance officer, or vice president and treasurer of such Person and, solely for purposes of completing and signing any notice or certificate described in Sections 2.03, 4.01, 4.02 or
4.03, the treasurer, director of financial planning or controller of such Person. Any document delivered hereunder that is signed by a Responsible Officer of a Loan Party shall be conclusively presumed to have been authorized by all necessary
corporate, partnership and/or other action on the part of such Loan Party and such Responsible Officer shall be conclusively presumed to have acted on behalf of such Loan Party. 

“Restricted Payment” means (a) any dividend or other distribution (whether in cash, securities or other property)
with respect to any Equity Interest in Holdings, the Borrower or any Subsidiary (or any direct or indirect parent of the Borrower or Holdings), or any payment (whether in cash, securities or other property), including any sinking fund or similar
deposit, on account of the purchase, redemption, retirement, acquisition, cancellation or termination of any such Equity Interest, (b) any payment made to retire, or to obtain the surrender of, any outstanding warrants, options or other rights
to acquire shares of any class of stock of Holdings, the Borrower or any of their respective Subsidiaries (or any direct or indirect parent of the Borrower or Holdings) now or hereafter outstanding, (c) expense reimbursements and management or
similar fees payable to the Back Stop Parties or any of their respective Affiliates; (d) any voluntary or optional payment of principal in respect of Indebtedness (other than (i) any such prepayment of Indebtedness under the Loan Documents
and (ii) any such prepayment in connection with a refinancing or replacement of such Indebtedness otherwise permitted hereunder), (e) any payment or prepayment of principal of or premium, if any, or redemption, purchase, retirement,
defeasance (including in-substance or legal defeasance), sinking fund or similar payment with respect to, the Indebtedness under the Existing Term Loan Facility or the Existing Revolving Credit Facility, (f) any payment or prepayment of
principal of, premium, if any, or interest or, or redemption, purchase, retirement, defeasance (including in substance or legal defeasance), sinking fund or similar payment with respect to, the Senior Subordinated Notes; or (g) so long as any
Event of Default exists or would result therefrom, any mandatory payment of principal, or offer of payment, in respect of Indebtedness subordinated in right of payment to the Obligations. 

“Restructuring” means the transactions contemplated by the Exchange Offer Documentation or the Reorganization Plan, as
applicable. 
 “Restructuring Documentation” means the Reorganization Plan or the Exchange Offer Documentation,
as applicable, and the Related Agreements. 

  
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 “Restructuring Support Agreement” means that certain Restructuring Support
Agreement, dated as of January 10, 2011, by and among the Borrower, certain of the Guarantors, and the Back Stop Parties, as amended by (a) that certain First Amendment dated as of January 31, 2011, by and among the Borrower, certain
of the Guarantors, and the Back Stop Parties, (b) that certain Second Amendment dated as of February 8, 2011, by and among the Borrower, certain of the Guarantors, and the Back Stop Parties and (c) that certain Third Amendment and
Joinder dated as of February 15, 2011, by and among the Borrower, certain of the Guarantors, the Back Stop Parties, the Management Holders (as defined therein) and certain other parties thereto. 

“Retail Facilities Disposition” means a Disposition of the retail operations of the Borrower and its Subsidiaries.

 “Revolver Priority Collateral” means the Collateral other than the Replacement Term Loan Priority
Collateral. 
 “Revolving Availability Period” means the period from and including the Funding Date to but
excluding the earlier of the Revolving Maturity Date and the date of termination of the Revolving Commitments. 

“Revolving Borrowing” means a Borrowing comprised of Revolving Loans. 

“Revolving Commitment” means, with respect to each Lender, the commitment, if any, of such Lender to make Revolving
Loans hereunder up to the amount set forth on Schedule 2.01, or in the Assignment and Acceptance pursuant to which such Lender assumed its Revolving Commitment, as applicable, as the same may be (a) reduced from time to time pursuant to
Section 2.07 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 11.07. The aggregate amount of the Lenders’ Revolving Commitments on the Execution Date is
$75,000,000. 
 “Revolving Exposure” means, with respect to any Lender at any time, the aggregate principal
amount at such time of all outstanding Revolving Loans of such Lender, plus the aggregate amount at such time of such Lender’s LC Exposure, plus the aggregate amount at such of such Lender’s Swingline Exposure. 

“Revolving Lender” means a Lender with a Revolving Commitment. 

“Revolving Loans” means a Loan made by the Lenders to the Borrower pursuant to Section 2.01(a). 

“Revolving Maturity Date” means the earliest to occur of (a) the date that is four years and six months after the
Funding Date, (b) the Term Loan Early Maturity Date and (c) the Delayed Draw Termination Date. 
 “Rights
Offering” means a rights offering to purchase $60,000,000 of common Equity Interests of Holdings (or SuperHoldings, if applicable) in accordance with the Restructuring, the terms and conditions of which Rights Offering shall otherwise be
reasonably acceptable to the Administrative Agent. 

  
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 “S&P” means Standard & Poor’s Ratings Services, a
division of The McGraw-Hill Companies, Inc. and any successor thereto. 
 “SEC” means the Securities and
Exchange Commission, or any Governmental Authority succeeding to any of its principal functions. 
 “Secured Bank
Product Obligations” means Bank Product Debt owing to a Secured Bank Product Provider, up to the maximum amount (in the case of any Secured Bank Product Provider other than Bank of America and its Affiliates) specified by such provider in
writing to the Administrative Agent, which amount may be established or increased (by further written notice by the Borrower to the Administrative Agent from time to time) as long as no Default or Event of Default then exists. 

“Secured Bank Product Provider” means (a) Bank of America or any of its Affiliates; and (b) any other Lender
or Affiliate of a Lender that is providing a Bank Product, provided such provider delivers written notice to the Administrative Agent, in form and substance satisfactory to the Administrative Agent, by the later of the Funding Date or ten
(10) days following creation of the Bank Product, (i) describing the Bank Product and setting forth the maximum amount to be secured by the Collateral and the methodology to be used in calculating such amount, and (ii) agreeing to be
bound by Section 9.12. 
 “Secured Obligations” has the meaning specified in Section 1 of the
Security Agreement. 
 “Secured Parties” has the meaning specified in Section 1 of the Security Agreement.

 “Security Agreement” means the Guarantee and Security Agreement among the Loan Parties and the
Administrative Agent, substantially in the form of Exhibit H. 
 “Security Documents” means the Security
Agreement, the Intercreditor Agreement, the Mortgages and each other security agreement, instrument or document executed and delivered pursuant to Section 6.12 or 6.13 to secure any of the Secured Obligations. 

“Senior Subordinated Notes” means senior subordinated unsecured notes of the Borrower issued under the Indenture dated
as of October 30, 2003, among the Borrower, as issuer, and the Bank of New York, as trustee, among other parties, in an aggregate principal amount of up to $175,000,000, as amended. 

A Person is “Solvent” if (a) the fair value of the assets of such Person, at a fair valuation, exceed its debts and
liabilities, subordinated, contingent or otherwise; (b) the present fair saleable value of the property of such Person exceed the amount that will be required to pay the probable liability of its debts and other liabilities, subordinated,
contingent or otherwise, as such debts and other liabilities become absolute and matured; (c) such Person is able to pay its debts and liabilities, subordinated, contingent or otherwise, as such debts and liabilities become absolute and
matured; and (d) such Person does not have unreasonably small capital with which to conduct the business in which it is engaged as such business is now conducted and proposed to be conducted. 

  
 39 

 “Special Agent Advance” shall have the meaning assigned to such term in
Section 9.11(b). 
 “Special Joint Venture” shall have the meaning assigned to such term in
Section 7.02(p). 
 “Specified Default” means the occurrence after the Funding Date of any Event of
Default specified in Article 8, clauses (a), (b) (but only with respect to Section 6.10(a), 6.11, 6.14 or 7.14), (c) (but only with respect to Section 2.04(f) or 6.07) or (d) (but
only with respect to any representation made or deemed to be made by or on behalf of any Loan Party in any Borrowing Base Certificate or any certificate of a Financial Officer accompanying any financial statement). 

“Specified Equity Contribution” shall have the meaning assigned to such term in Section 7.14(b). 

“Specified Transaction” means (a) any disposition of all or substantially all the assets of or all the Equity
Interests of any Subsidiary or of any division or product line of a Borrower or any of its Subsidiaries, (b) any Permitted Acquisition, (c) any proposed incurrence of Indebtedness or (d) the proposed making of a dividend permitted
hereunder. 
 “Subsidiary” of a Person means a corporation, partnership, joint venture, limited liability
company or other business entity of which a majority of the shares of securities or other interests having ordinary voting power for the election of directors or other governing body (other than securities or interests having such power only by
reason of the happening of a contingency) are at the time beneficially owned, or the management of which is otherwise controlled, directly, or indirectly through one or more intermediaries, or both, by such Person. Unless otherwise specified, all
references herein to a “Subsidiary” or to “Subsidiaries” shall refer to a Subsidiary or Subsidiaries of the Borrower. 
 “SuperHoldings” means the direct owner of all of the Equity Interests of Holdings. 
 “SuperHoldings Formation Transaction” means a transaction, including a merger and share exchange, through which Holdings becomes a direct wholly owned subsidiary of SuperHoldings without
the payment of any cash consideration to the holders of Equity Interests of Holdings. 
 “Swap Contract” means
(a) any and all rate swap transactions, basis swaps, credit derivative transactions, forward rate transactions, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond
index swaps or options or forward bond or forward bond price or forward bond index transactions, interest rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions,
cross-currency rate swap transactions, currency options, spot contracts, or any other similar transactions or any combination of any of the foregoing (including any options to enter into any of the foregoing), whether or not any such transaction is
governed by or subject to any master agreement, and (b) any and all transactions of any kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement published by the
International Swaps and Derivatives Association, Inc., any International Foreign Exchange Master Agreement, 

  
 40 

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

“Swingline Commitment” means the commitment of the Swingline Lender to make loans pursuant to Section 2.12,
as the same may be reduced from time to time pursuant to Section 2.07 or Section 2.12. 

“Swingline Exposure” means at any time the aggregate principal amount at such time of all outstanding Swingline Loans.
The Swingline Exposure of any Revolving Lender at any time shall equal its Pro Rata Percentage of the aggregate Swingline Exposure at such time. 
 “Swingline Lender” means Bank of America. 
 “Swingline
Loan” means any Loan made by the Swingline Lender pursuant to Section 2.12. 
 “Synthetic Lease
Obligation” means the monetary obligation of a Person under (a) a so-called synthetic, off-balance sheet or tax retention lease, or (b) an agreement for the use or possession of property creating obligations that do not appear on
the balance sheet of such Person but which, upon the insolvency or bankruptcy of such Person, would be characterized as the indebtedness of such Person (without regard to accounting treatment). 

“Taxes” means all present or future taxes, levies, imposts, duties, deductions, withholdings (including backup
withholding), assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto. 
 “Term Loan” means each loan made to the Borrower pursuant to the Replacement Term Loan Facility. 
 “Term Loan Early Maturity Date” means the earliest of the following dates: (a) the date that is six months prior to the earliest date that any Term Loan finally matures or is
otherwise payable in full, (b) the Delayed Draw Termination Date (as defined in the Replacement Term Loan Agreement), and (c) if any Replacement Term Loan Document is amended to provide for a principal payment on any Term Loan to become
payable on a date (the “Early Payment Date”) that is earlier than the date that is six months after the Revolving Maturity Date (and earlier than the date that such payment is payable pursuant to the Replacement Term Loan Documents
as in effect on the Execution Date), the date that is six months prior to such Early Payment Date. 

  
 41 

 “Terminated Lender” has the meaning specified in
Section 11.16(a). 
 “Test Period” shall have the meaning assigned to such term in
Section 7.14(a). 
 “Title Policy” has the meaning specified in Section 4.02(x)(iii).

 “Transaction” means, collectively, (a) the entering into of this Agreement and the funding of the
Loans, (b) the entering into of the Replacement Term Loan Facility and the funding of loans in connection therewith, (c) the Restructuring, and (d) all transactions related hereto or thereto occurring on or before the Funding Date.

 “Transaction Liens” means the Liens on Collateral granted by the Loan Parties under the Security Documents.

 “Type” when used in reference to any Loan or Borrowing, refers to whether the rate of interest on such Loan,
or on the Loans comprising such Borrowing, is determined by reference to the Eurodollar Rate or the Base Rate. 

“UCC” has the meaning specified in Section 1 of the Security Agreement. 

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

“Unsecured Creditors Committee” means the official committee of unsecured creditors that is appointed in the Chapter 11
Cases. 
 “Unused Amount” means, for any period, the average daily unused amount of the Commitments of the
Lenders during such period. 
 “Voting Securities” means, with respect to any Person, Equity Interests of such
Person entitled to vote for members of the board of directors or equivalent governing body of such Person. 
 Section 1.02.
Other Interpretive Provisions. With reference to this Agreement and each other Loan Document, unless otherwise specified herein or in such other Loan Document: 
 (a) The meanings of defined terms are equally applicable to the singular and plural forms of the defined terms. 
 (b)(i) The words “herein,” “hereto,” “hereof’ and “hereunder” and words of similar import when used in any Loan Document shall refer to such Loan Document as a
whole and not to any particular provision thereof. 
 (ii) Article, Section, Exhibit and Schedule references are
to the Loan Document in which such reference appears. 
 (iii) The term “including” is by way of
example and not limitation. 

  
 42 

 (iv) The term “documents” includes any and all instruments,
documents, agreements, certificates, notices, reports, financial statements and other writings, however evidenced, whether in physical or electronic form. 
 (c) 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.” 
 (d) Section
headings herein and in the other Loan Documents are included for convenience of reference only and shall not affect the interpretation of this Agreement or any other Loan Document. 

Section 1.03. Accounting Terms. (a) Except as otherwise expressly provided herein, all accounting terms not otherwise
defined herein shall have the meanings assigned to them in conformity with GAAP. Financial statements and other information required to be delivered by the Borrower to the Administrative Agent and the Lenders pursuant to Section 6.01(a),
6.01(b) and 6.01(c) shall be prepared in accordance with GAAP as in effect at the time of such preparation (and delivered together with the reconciliation statements provided for in Section 6.02(h), if applicable).
Notwithstanding the foregoing, calculations in connection with the definitions, covenants and other provisions hereof shall utilize accounting principles and policies in conformity with GAAP as in effect on the date hereof and all accounting terms
shall have the meanings assigned to them in conformity with GAAP as in effect on the date hereof. Notwithstanding the foregoing, for purposes of determining compliance with any covenant (including the computation of any financial covenant) contained
herein, Indebtedness of the Borrower and its Subsidiaries shall be deemed to be carried at 100% of the outstanding principal amount thereof, and the effects of FASB ASC 825 and FASB ASC 470-20 on financial liabilities shall be disregarded.

 (b) If at any time any change in GAAP or in the application thereof would affect the computation of any financial ratio or
requirement set forth in any Loan Document, and either the Borrower or the Required Lenders shall so request, the Administrative Agent, the Lenders and the Borrower shall negotiate in good faith to amend such ratio or requirement to preserve the
original intent thereof in light of such change (subject to the approval of the Required Lenders); provided that, until so amended, (i) such ratio or requirement shall continue to be computed in accordance with GAAP as applied prior to
such change and (ii) the Borrower shall provide to the Administrative Agent and the Lenders financial statements and other documents required under this Agreement or as reasonably requested hereunder setting forth a reconciliation between
calculations of such ratio or requirement made before and after giving effect to such change in GAAP. 
 (c) Notwithstanding
anything to the contrary contained herein, financial ratios and other financial calculations pursuant to this Agreement shall, following any Specified Transaction, be calculated on a pro forma basis with Pro-Forma Adjustments in accordance with
Section 7.15. 
 Section 1.04. Rounding. Any financial ratios required to be maintained pursuant to this
Agreement shall be calculated by dividing the appropriate component by the other component, 

  
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carrying the result to one place more than the number of places by which such ratio is expressed herein and rounding the result up or down to the nearest number (with a rounding-up if there is no
nearest number). 
 Section 1.05. References to Agreements and Laws. Unless otherwise expressly provided herein,
(a) references to Organization Documents, agreements (including the Loan Documents) and other contractual instruments shall be deemed to include all subsequent amendments, restatements, extensions, supplements and other modifications thereto,
but only to the extent that such amendments, restatements, extensions, supplements and other modifications are not prohibited by any Loan Document; and (b) references to any Law shall include all statutory and regulatory provisions
consolidating, amending, replacing, supplementing or interpreting such Law. 
 Section 1.06. Times of Day. Unless
otherwise specified, all references herein to times of day shall be references to Eastern time (daylight or standard, as applicable). 
 Section 1.07. Letter of Credit Amounts. Unless otherwise specified, all references herein to the amount of a Letter of Credit at any time shall be deemed to mean the maximum face amount of
such Letter of Credit (including any amendments thereto) after giving effect to all increases thereof contemplated by such Letter of Credit, whether or not such maximum face amount is in effect at such time. 

ARTICLE 2 
 THE
CREDITS 
 Section 2.01. Commitments and Borrowing Base Determination. 

(a) Subject to the terms and conditions and relying upon the representations and warranties herein set forth, each Lender agrees,
severally and not jointly, to make Revolving Loans to the Borrower, at any time and from time to time on and after the Funding Date until the earlier of one Business Day prior to the Revolving Maturity Date and the termination of the Commitment of
such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that will not result in such Lender’s Revolving Exposure exceeding the lesser of (A) such Lender’s Revolving Commitment, and
(B) such Lender’s Pro Rata Percentage multiplied by the Borrowing Base then in effect. Within the limits set forth above and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and
reborrow Revolving Loans. 
 (b) The Administrative Agent shall (i) promptly notify the Borrower in writing (including via
e-mail) whenever it determines that the Borrowing Base set forth on a Borrowing Base Certificate differs from the Borrowing Base, (ii) discuss the basis for any such deviation and any changes proposed by the Borrower, including the reasons for
any impositions of or changes in Reserves or any change in advance rates with respect to Eligible Accounts (in the Administrative Agent’s Permitted Discretion and subject to Section 2.14(a)) or eligibility criteria, with the
Borrower, (iii) consider, in the exercise of its Permitted Discretion, any additional factual information provided by the Borrower relating to the determination of the Borrowing Base and (iv) promptly notify the Borrower of its decision
with respect to any 

  
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changes proposed by the Borrower. Pending a decision by the Administrative Agent to make any requested change, the initial determination of the Borrowing Base by the Administrative Agent shall
continue to constitute the Borrowing Base. 
 Section 2.02. Loans. 

(a) Each Loan (other than Swingline Loans) shall be made as part of a Borrowing consisting of Loans made by the Lenders ratably in
accordance with their applicable Commitments; provided that the failure of any Lender to make any Loan shall not in itself relieve any other Lender of its obligation to lend hereunder (it being understood, however, that no Lender shall be
responsible for the failure of any other Lender to make any Loan required to be made by such other Lender). Except for Loans deemed made pursuant to Section 2.02(f), Loans (other than Swingline Loans) comprising any Borrowing shall be in
an aggregate principal amount that is (i) (A) in the case of Base Rate Loans, not less than $500,000 and (B) in the case of Eurodollar Rate Loans, an integral multiple of $250,000 and not less than $1,000,000, or (ii) equal to
the remaining available balance of the applicable Revolving Commitments. 
 (b) Subject to Section 3.02, each
Borrowing shall be comprised entirely of Base Rate Loans or Eurodollar Rate Loans as the Borrower may request pursuant to Section 2.03. Each Lender may at its option make any Eurodollar Rate Loan by causing any domestic or foreign branch
or Affiliate of such Lender to make such Loan; provided that any exercise of such option shall not affect the obligation of the Borrower to repay such Loan in accordance with the terms of this Agreement or cause the Borrower to pay additional
amounts pursuant to Section 3.01. Borrowings of more than one Type may be outstanding at the same time; provided further that the Borrower shall not be entitled to request any Borrowing that, if made, would result in more than six
Eurodollar Borrowings outstanding hereunder at any one time. For purposes of the foregoing, Borrowings having different Interest Periods, regardless of whether they commence on the same date, shall be considered separate Borrowings. 

(c) Except with respect to Loans made pursuant to Section 2.02(f), each Lender shall make each Loan (other than Swingline
Loans) to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds to such account in New York City as the Administrative Agent may designate not later than 3:00 p.m., New York City time, and the
Administrative Agent shall promptly credit the amounts so received to an account as directed by the Borrower in the applicable Borrowing Request maintained with the Administrative Agent or, if a Borrowing shall not occur on such date because any
condition precedent herein specified shall not have been met or waived, return the amounts so received to the respective Lenders. 
 (d) Unless the Administrative Agent shall have received notice from a Lender prior to the date of any Borrowing that such Lender will not make available to the Administrative Agent such Lender’s
portion of such Borrowing, the Administrative Agent may assume that such Lender has made such portion available to the Administrative Agent on the date of such Borrowing in accordance with paragraph (c) above, and the Administrative Agent may,
in reliance upon such assumption, make available to the Borrower on such date a corresponding amount. If the Administrative Agent shall have so made funds available then, to the extent that such Lender shall not have made such portion available to
the Administrative Agent, such Lender and the Borrower severally agree to repay to the Administrative Agent forthwith on 

  
 45 

 
demand such corresponding amount together with interest thereon, for each day from the date such amount is made available to the Borrower until the date such amount is repaid to the
Administrative Agent at (i) in the case of the Borrower, the interest rate applicable at the time to the Loans comprising such Borrowing and (ii) in the case of such Lender, a rate determined by the Administrative Agent to represent its
cost of overnight or short-term funds (which determination shall be conclusive absent manifest error). If such Lender shall repay to the Administrative Agent such corresponding amount, such amount shall constitute such Lender’s Loan as part of
such Borrowing for purposes of this Agreement. 
 (e) Notwithstanding any other provision of this Agreement, the Borrower shall
not be entitled to request, or to elect to convert or continue, any Borrowing if the Interest Period requested with respect thereto would end after the Revolving Maturity Date. 

(f) If the Issuing Bank shall not have received from the Borrower the payment required to be made by Section 2.13(e) within
the time specified in such Section, the Issuing Bank will promptly notify the Administrative Agent of the LC Disbursement and the Administrative Agent will promptly notify each Revolving Lender of such LC Disbursement and its Pro Rata Percentage
thereof. Each Revolving Lender shall pay by wire transfer of immediately available funds to the Administrative Agent on such date (or, if such Revolving Lender shall have received such notice later than 12:00 (noon), New York City time, on any day,
not later than 11:00 a.m., New York City time, on the immediately following Business Day), an amount equal to such Lender’s Pro Rata Percentage of such LC Disbursement (it being understood that such amount shall be deemed to constitute a Base
Rate Loan of such Lender, and such payment shall be deemed to have reduced the LC Exposure), and the Administrative Agent will promptly pay to the Issuing Bank amounts so received by it from the Revolving Lenders. The Administrative Agent will
promptly pay to the Issuing Bank any amounts received by it from the Borrower pursuant to Section 2.13(e) prior to the time that any Revolving Lender makes any payment pursuant to this paragraph (f); any such amounts received by the
Administrative Agent thereafter will be promptly remitted by the Administrative Agent to the Revolving Lenders that shall have made such payments and to the Issuing Bank, as their interests may appear. If any Revolving Lender shall not have made its
Pro Rata Percentage of such LC Disbursement available to the Administrative Agent as provided above, such Lender and the Borrower severally agree to pay interest on such amount, for each day from and including the date such amount is required to be
paid in accordance with this paragraph (f) to but excluding the date such amount is paid, to the Administrative Agent for the account of the Issuing Bank at (i) in the case of the Borrower, a rate per annum equal to the interest rate
applicable to Revolving Loans pursuant to Section 2.06(a), and (ii) in the case of such Lender, for the first such day, the Federal Funds Rate, and for each day thereafter, the Base Rate. 

Section 2.03. Borrowing Procedure. To request a Revolving Borrowing, the Borrower shall notify the Administrative Agent of
such request by telecopy or electronic transmission (if arrangements for doing so have been approved by the Administrative Agent, which approval shall not be unreasonably withheld, conditioned or delayed) or telephone (promptly confirmed by
telecopy) (i) in the case of a Eurodollar Borrowing, not later than 1:00 p.m., New York City time, three Business Days before the date of the proposed Borrowing or (ii) in the case of a Base Rate Borrowing (other than Swingline Loans), not
later than 1:00 p.m., New York City time, on the Business Day of the proposed Borrowing. Each such telephonic Borrowing Request shall be 

  
 46 

 
irrevocable, subject to Sections 2.09, 3.02 and 3.03, and shall be confirmed promptly by hand delivery or telecopy to the Administrative Agent of a written Borrowing Request
in a form approved by the Administrative Agent and signed by the Borrower. Each such telephonic and written Borrowing Request shall specify the following information in compliance with Section 2.02: 

(a) the aggregate amount of such Borrowing; 
 (b) the date of such Borrowing, which shall be a Business Day; 
 (c) whether such
Borrowing is to be a Base Rate Borrowing or a Eurodollar Borrowing; 
 (d) in the case of a Eurodollar Borrowing, the initial
Interest Period to be applicable thereto, which shall be a period contemplated by the definition of the term “Interest Period”; 
 (e) the location and number of the account to which funds are to be disbursed, which shall comply with the requirements of Section 2.02; and 

(f) that the conditions set forth in Section 4.03(b) and (c) are satisfied or waived as of the date of the
notice. 
 If no election as to the Type of Borrowing is specified, then the requested Borrowing shall be a Base Rate Borrowing.
If no Interest Period is specified with respect to any requested Eurodollar Borrowing, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration (subject to the proviso in clause (d) above). Promptly
following receipt of a Borrowing Request in accordance with this Section 2.03, the Administrative Agent shall advise each Lender of the details thereof and of the amount of such Lender’s Loan to be made as part of the requested
Borrowing. 
 Section 2.04. Evidence of Debt; Repayment of Loans. 

(a) The Borrower hereby unconditionally promises to pay (i) to the Administrative Agent for the account of each Revolving Lender, the
then unpaid principal amount of each Revolving Loan of such Lender on the Revolving Maturity Date and (ii) to the Swingline Lender the then unpaid principal amount of each Swingline Loan on the Revolving Maturity Date. 

(b) Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing the indebtedness of the Borrower
to such Lender resulting from each Loan made by such Lender from time to time, including the amounts of principal and interest payable and paid to such Lender from time to time under this Agreement. The Borrower shall be entitled to review records
of such accounts with prior reasonable notice during normal business hours. 
 (c) The Administrative Agent shall maintain
accounts in which it will record (i) the amount of each Loan made hereunder, the Type and Class thereof and the Interest Period applicable thereto; (ii) the amount of any principal or interest due and payable or to become due and payable
from the Borrower to each Lender hereunder; and (iii) the amount of any sum received by the Administrative Agent hereunder for the account of the Lenders and each 

  
 47 

 
Lender’s share thereof. Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing the indebtedness of the Borrower to such Lender. The Borrower shall
be entitled to review records of such accounts with prior reasonable notice during normal business hours. 
 (d) The entries
made in the accounts maintained pursuant to paragraphs (b) and (c) above shall be prima facie evidence of the existence and amounts of the obligations therein recorded absent manifest error; provided that the failure of any
Lender or the Administrative Agent to maintain such accounts or any error therein shall not in any manner affect the obligations of the Borrower to repay the Loans in accordance with their terms. 

(e) Any Lender may request that Loans of any Class made by it be evidenced by a promissory note. In such event, the Borrower shall
promptly prepare, execute and deliver to such Lender a promissory note payable to the order of such Lender (or, if requested by such Lender, to such Lender and its registered assigns) substantially in the form of Exhibit A. Thereafter, the
Loans evidenced by such promissory note and interest thereon shall at all times (including after assignment pursuant to Section 11.07) be represented by one or more promissory notes in such form payable to the order of the payee named
therein (or, if such promissory note is a registered note, to such payee and its registered permitted assigns). 
 (f) On and
after the Funding Date, all funds held by the Borrower or any other Loan Party (other than petty cash accounts funded in the ordinary course of business, the deposits in which shall not aggregate more than $2,000,000 or exceed $100,000 with respect
to any one account (or in each case, such greater amounts to which the Administrative Agent may agree), and payroll, trust and tax withholding accounts funded in the ordinary course of business and required by Applicable Law) shall be deposited in
one or more bank or investment accounts, subject to account control agreements in form and substance reasonably satisfactory to the Administrative Agent, and all proceeds of Accounts of Borrower and each other Loan Party shall be immediately
deposited in a lockbox with Bank of America or such other lockbox provider that is reasonably acceptable to the Administrative Agent (it being agreed that the lockbox provider under the Existing Revolving Credit Agreement is acceptable to the
Administrative Agent); provided, that, in the event that after the use of commercially reasonable efforts the Loan Parties are unable to obtain account control agreements and/or establish a lockbox with Bank of America or another lockbox
provider on or prior to the Funding Date, all funds may be deposited by the Borrower or any other Loan Party in an account not subject to an account control agreement and/or any proceeds of Accounts shall not be required to be deposited into a
lockbox, in each case for a period not exceeding 45 days following the Funding Date, so long as such account control agreements and lockbox accounts shall be entered into and delivered to the Administrative Agent and/or established within a
reasonable period of time (and in any event prior to the expiration of such 45-day period) after the Funding Date. Following the occurrence and during the continuance of a Specified Default or if, for five consecutive Business Days after the Funding
Date, the Excess Availability Requirement is not met (each, a “Cash Dominion Event”), all such funds shall be applied on a daily basis to the repayment of the Swingline Loans and, thereafter, to any Revolving Loans which become due,
without a reduction in the Aggregate Commitments until (i) such Specified Default is cured or waived and/or (ii) Excess Availability has exceeded the Excess Availability Requirement for 30 consecutive days; provided, that a Cash
Dominion Event may not be so cured on more than two (2) occasions in any period of 365 consecutive days. 

  
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 Section 2.05. Fees. 

(a) Commitment Fee. The Borrower agrees to pay to the Administrative Agent for the account of each Lender (except as otherwise
provided in Section 2.11(b)) a commitment fee (a “Commitment Fee”) during the period from and including the Funding Date to but excluding the date on which the Aggregate Commitments terminate, equal to
(i) 0.375% per annum on the Unused Amount, to the extent the Unused Amount is less than 50% of the Aggregate Commitments and (ii) 0.50% per annum on the Unused Amount, to the extent the Unused Amount is equal to or greater than
50% of the Aggregate Commitments. Accrued Commitment Fees shall be payable monthly in arrears in the case of Commitment Fees in respect of the Revolving Commitments and on the date on which the Revolving Commitments terminate; provided,
however, the amount earned, due and payable on the first such date shall be pro-rated for the number of days from the Funding Date to and including the first payment date. All Commitment Fees shall be computed on the basis of a year of 360
days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day). For purposes of computing Commitment Fees with respect to Revolving Commitments, a Revolving Commitment of a Lender shall be deemed
to be used to the extent of the outstanding Revolving Loans and LC Exposure of such Lender (and the Swingline Exposure of such Lender shall be disregarded for such purpose). 
 (b) Administrative Agent Fees. The Borrower agrees to pay to the Administrative Agent, for its own account, the fees set forth in the Fee Letter or such other fees payable in the amounts and at the
times separately agreed upon between the Borrower and the Administrative Agent (the “Administrative Agent Fees”). 
 (c) LC and Fronting Fees. The Borrower agrees to pay (i) to the Administrative Agent for the account of each Revolving Lender a participation fee (“LC Participation Fee”) with
respect to its participations in Letters of Credit, which shall accrue at a rate equal to the Applicable Margin from time to time used to determine the interest rate on Eurodollar Rate Loans pursuant to Section 2.06, as described on
Annex I attached hereto, on the average daily amount of such Lender’s LC Exposure (excluding any portion thereof attributable to unreimbursed LC Disbursements) during the period from and including the Funding Date to but excluding the
later of the date on which such Lender’s Revolving Commitment terminates and the date on which such Lender ceases to have any LC Exposure, and (ii) to the Issuing Bank a fronting fee (“Fronting Fee”), which shall accrue at
the rate of 0.125% per annum on the average daily amount of the LC Exposure (excluding any portion thereof attributable to unreimbursed LC Disbursements) during the period from and including the Funding Date to but excluding the later of the
date of termination of the Revolving Commitments and the date on which there ceases to be any LC Exposure, as well as the Issuing Bank’s standard and reasonable fees with respect to the issuance, amendment, renewal or extension of any Letter of
Credit or processing of drawings thereunder as agreed among the Borrower and the Issuing Lender from time to time. LC Participation Fees and Fronting Fees accrued through and including the last day of March, June, September and December of each year
shall be payable on the third Business Day following such last day, commencing on the first such date to occur after the Funding Date; 

  
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provided that all such fees shall be payable on the date on which the Revolving Commitments terminate and any such fees accruing after the date on which the Revolving Commitments terminate
shall be payable on demand (including documentation reasonably supporting such request). Any other fees payable to the Issuing Bank pursuant to this paragraph shall be payable within 10 days after written demand (together with backup documentation
supporting such reimbursement request). All LC Participation Fees and Fronting Fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day).

 (d) All fees shall be paid on the dates due, in immediately available funds, to the Administrative Agent for distribution, if
and as appropriate, among the Lenders (other than Defaulting Lenders), except that the Fronting Fees shall be paid directly to the Issuing Bank. Once paid, none of the fees shall be refundable under any circumstances. 

Section 2.06. Interest on Loans. 
 (a) Subject to the provisions of Section 2.06(c), the Loans comprising each Base Rate Borrowing, including each Swingline Loan, shall bear interest at a rate per annum equal to the Base
Rate plus the Applicable Margin in effect from time to time. 
 (b) Subject to the provisions of
Section 2.06(c), the Loans comprising each Eurodollar Borrowing shall bear interest at a rate per annum equal to the Eurodollar Rate for the Interest Period in effect for such Borrowing plus the Applicable Margin in effect from
time to time. 
 (c) Notwithstanding the foregoing, effective upon written notice from the Administrative Agent (at the
direction of the Required Lenders) while any Event of Default exists under Section 8.01(a), (f) or (g), all Obligations shall bear interest, after as well as before judgment, at a per annum rate equal to the Default
Rate. 
 (d) Accrued interest on each Loan shall be payable in arrears on each Interest Payment Date for such Loan and, in the
case of Revolving Loans, upon termination of the Revolving Commitments; provided that (i) interest accrued pursuant to paragraph (c) of this Section 2.06 shall be payable on demand and, absent demand, on each Interest
Payment Date and upon termination of the Revolving Commitments, (ii) in the event of any repayment or prepayment of any Loan (other than a prepayment of a Base Rate Loan prior to the end of the Revolving Availability Period), accrued interest
on the principal amount repaid or prepaid shall be payable on the date of such repayment or prepayment and (iii) in the event of any conversion of any Eurodollar Rate Loan prior to the end of the current Interest Period therefor, accrued
interest on such Loan shall be payable on the effective date of such conversion. 
 (e) All interest hereunder shall be computed
on the basis of a year of 365/366 days, except that interest computed by reference to the Eurodollar Rate (other than Base Rate Loans determined by reference to the Eurodollar Rate) and all fees shall be computed on the basis of a year of 360 days,
and in each case shall be payable for the actual number of days elapsed (including the first day but excluding the last day). The applicable Base Rate or Eurodollar Rate shall be determined by the Administrative Agent in accordance with the
provisions of this Agreement and such determination shall be conclusive absent manifest error. 

  
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 Section 2.07. Termination and Reduction of Commitments. 

(a) The Revolving Commitments, the Swingline Commitment, and the LC Commitment shall automatically terminate on the Revolving Maturity
Date. 
 (b) The Borrower may at any time terminate, or from time to time reduce, the Revolving Commitments; provided
that (i) any such reduction shall be in an amount that is an integral multiple of $1,000,000 and (ii) the Revolving Commitments shall not be terminated or reduced if after giving effect to any concurrent prepayment of the Revolving Loans
in accordance with Section 2.09, the Aggregate Exposures would exceed the Aggregate Commitments. 
 (c) The Borrower
shall notify the Administrative Agent of any election to terminate or reduce the Aggregate Commitments under paragraph (b) of this Section 2.07 at least two Business Days prior to the effective date of such termination or reduction,
specifying such election and the effective date thereof. Promptly following receipt of any notice, the Administrative Agent shall advise the Lenders of the contents thereof. Each notice delivered by the Borrower pursuant to this
Section 2.07 shall be irrevocable except that, to the extent delivered in connection with a refinancing of the Obligations, such notice shall not be irrevocable until such refinancing is closed and funded. Any effectuated termination or
reduction of the Aggregate Commitments shall be permanent. Each reduction of the Aggregate Commitments shall be made ratably among the Lenders in accordance with their respective Revolving Commitments. 

Section 2.08. Interest Elections. 
 (a) Each Revolving Borrowing initially shall be of the Type specified in the applicable Borrowing Request and, in the case of a Eurodollar Borrowing, shall have an initial Interest Period as specified in
such Borrowing Request. Thereafter, the Borrower may elect to convert such Borrowing to a different Type or to continue such Borrowing and, in the case of a Eurodollar Borrowing, may elect Interest Periods therefor, all as provided in this
Section 2.08. The Borrower may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Lenders holding the Loans comprising such
Borrowing, and the Loans comprising each such portion shall be considered a separate Borrowing. Notwithstanding anything to the contrary, the Borrower shall not be entitled to request any conversion or continuation that, if made, would result in
more than six Eurodollar Borrowings outstanding hereunder at any one time. This Section 2.08 shall not apply to Swingline Borrowings, which may not be converted or continued. 

(b) To make an election pursuant to this Section 2.08, the Borrower shall notify the Administrative Agent of such election by
telephone or electronic transmission (if arrangements for doing so have been approved by the Administrative Agent, which approval shall not be unreasonably withheld, delayed or conditioned) by the time that a Borrowing Request would be required
under Section 2.03 if the Borrower was requesting a Revolving Borrowing of the Type 

  
 51 

 
resulting from such election to be made on the effective date of such election, subject to Section 3.03. Each such telephonic Interest Election Request shall be confirmed promptly by
hand delivery or telecopy to the Administrative Agent of a written Interest Election Request substantially in the form of Exhibit B, unless otherwise agreed to by the Administrative Agent and the Borrower. 

(c) Each telephonic and written Interest Election Request shall specify the following information in compliance with
Section 2.02: 
 (i) the Borrowing to which such Interest Election Request applies and, if different
options are being elected with respect to different portions thereof, the portions thereof to be allocated to each resulting Borrowing (in which case the information to be specified pursuant to clauses (iii) and (iv) below shall be
specified for each resulting Borrowing); 
 (ii) the effective date of the election made pursuant to such
Interest Election Request, which shall be a Business Day; 
 (iii) whether the resulting Borrowing is to be a
Base Rate Borrowing or a Eurodollar Borrowing; and 
 (iv) if the resulting Borrowing is a Eurodollar Borrowing,
the Interest Period to be applicable thereto after giving effect to such election, which shall be a period contemplated by the definition of the term “Interest Period”. 
 If any such Interest Election Request requests a Eurodollar Borrowing but does not specify an Interest Period, then the Borrower shall be deemed to have selected an Interest Period of one month’s
duration. 
 (d) Promptly following receipt of an Interest Election Request, the Administrative Agent shall advise each Lender
of the details thereof and of such Lender’s portion of each resulting Borrowing. 
 (e) If an Interest Election Request
with respect to a Eurodollar Borrowing is not timely delivered prior to the end of the Interest Period applicable thereto, then, unless such Borrowing is repaid as provided herein, at the end of such Interest Period such Borrowing shall be converted
to a Base Rate Borrowing. Notwithstanding any contrary provision hereof, if an Event of Default has occurred and is continuing and the Administrative Agent, at the request of the Required Lenders, so notifies the Borrower, then, after the occurrence
and during the continuance of such Event of Default (i) no outstanding Borrowing may be converted to or continued as a Eurodollar Borrowing and (ii) unless repaid, each Eurodollar Borrowing shall be converted to a Base Rate Borrowing at
the end of the Interest Period applicable thereto. 
 Section 2.09. Optional and Mandatory Prepayments of Loans.

 (a) Optional Prepayments. The Borrower shall have the right at any time and from time to time to prepay, without
premium or penalty, any Borrowing, in whole or in part, subject to the requirements of this Section 2.09; provided that each partial prepayment shall be in an amount that is an integral multiple of $100,000. 

  
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 (b) Revolving Loan Prepayments. 

(i) In the event of the termination of all the Revolving Commitments, the Borrower shall, on the date of such termination,
repay or prepay all the outstanding Revolving Borrowings and all outstanding Swingline Loans and Cash Collateralize or backstop on terms reasonably satisfactory to the Administrative Agent the LC Exposure in accordance with
Section 2.13(j). 
 (ii) In the event of any partial reduction of the Revolving Commitments, then
(A) at or prior to the effective date of such reduction, the Administrative Agent shall notify the Borrower and the Revolving Lenders of the Aggregate Exposures after giving effect thereto and (B) if the Aggregate Exposures would exceed
the lesser of (x) the Aggregate Commitments and (y) the Borrowing Base then in effect, after giving effect to such reduction, then the Borrower shall, on the date of such reduction (or, if such reduction is due to the imposition of a new
Reserve or a change in the methodology of calculating an existing Reserve, within six Business Days following such notice), first, repay or prepay all Swingline Loans, second, repay or prepay Revolving Borrowings and third,
replace or Cash Collateralize outstanding Letters of Credit in accordance with the procedures set forth in Section 2.13(j), in an amount sufficient to eliminate such excess. 

(iii) In the event that the Aggregate Exposures at any time exceeds the lesser of (i) the Aggregate Commitments or
(ii) the Borrowing Base then in effect, the Borrower shall, immediately after demand (or, if such overadvance is due to the imposition of a new Reserve or a change in the methodology of calculating an existing Reserve, or change in eligibility
standards, within six Business Days following notice), apply an amount equal to such excess to prepay the Loans and any interest accrued thereon, in accordance with this Section 2.09(b)(iii). The Borrower shall, first, repay or
prepay all Swingline Loans, second, repay or prepay Revolving Borrowings, and third, replace or Cash Collateralize outstanding Letters of Credit in accordance with the procedures set forth in Section 2.13(j), in an amount
sufficient to eliminate such excess. 
 (iv) In the event that the aggregate LC Exposure exceeds the LC
Commitment then in effect, the Borrower shall, without notice or demand, immediately replace or Cash Collateralize outstanding Letters of Credit in accordance with the procedures set forth in Section 2.13(j), in an amount sufficient to
eliminate such excess. 
 (v) No later than the third Business Day following the date of receipt by Holdings or
any of its Subsidiaries, or the Administrative Agent as loss payee, of any Net Insurance/Condemnation Proceeds after the Funding Date, the Borrower shall, subject to Section 3.4 of the Intercreditor Agreement, prepay the outstanding Loans at
such time in an aggregate amount equal to the Net Insurance/Condemnation Proceeds in respect of Revolver Priority Collateral; provided, (A) so long as no Default or Event of Default shall have occurred and be continuing, and (B) to
the extent that aggregate Net Insurance/Condemnation Proceeds from the Funding Date through the applicable date of 

  
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determination do not exceed $10,000,000, the Borrower shall have the option, directly or through one or more of its Subsidiaries, to invest such Net Insurance/Condemnation Proceeds in long term
assets used or useful in the business of the Borrower and its Subsidiaries (including but not limited to Permitted Acquisitions or Investments permitted pursuant to Section 7.02(f) and Section 7.02(q)) within 180 days of
receipt thereof (or to the extent commitments to invest such amounts have been entered into by such date, within 90 days thereafter). 
 (vi) No later than the third Business Day following the date of receipt by Holdings or any of its Subsidiaries of any Net Cash Proceeds from the Retail Facilities Disposition in respect of Revolver
Priority Collateral, prepay the outstanding Loans and interest thereon at such time in an aggregate amount equal to such Net Cash Proceeds. 
 (vii) For the avoidance of doubt, no prepayment made pursuant to clause (v) or (vi) above shall result in a reduction of the Aggregate Commitments. 

(c) Application of Prepayments. 
 (i) Prior to any optional or mandatory prepayment of Borrowings hereunder, the Borrower shall select the Borrowing or Borrowings to be prepaid and shall specify such selection in the notice of such
prepayment pursuant to paragraph (i) of this Section 2.09(c). Unless a Cash Dominion Event then exists and is continuing, except as provided in Section 2.09(b)(iii) hereof, all mandatory prepayments shall be applied as
follows: first, to fees and reimbursable expenses of the Administrative Agent then due and payable pursuant to the Loan Documents; second, to interest then due and payable on the Borrower’s Swingline Loan; third, to the
principal balance of the Swingline Loan outstanding until the same has been prepaid in full; fourth, to interest then due and payable on the Revolving Loans and other amounts due pursuant to Sections 2.10, 3.01 and 3.05;
fifth, to the principal balance of the Revolving Loans until the same have been prepaid in full; sixth, to Cash Collateralize all LC Exposure plus any accrued and unpaid interest thereon (to be held and applied in accordance with
Section 2.13(j) hereof); seventh, to all other Obligations pro rata in accordance with the amounts that such Lender certifies is outstanding; and eighth, as required by the Intercreditor Agreement or, in the absence of any
such requirement, returned to the Borrower or to such party as otherwise required by law. 
 (ii) Amounts to be
applied pursuant to this Section 2.09 to the prepayment of Revolving Loans shall be applied, as applicable, first to reduce outstanding Base Rate Loans. Any amounts remaining after each such application shall be applied to prepay
Eurodollar Rate Loans. Notwithstanding the foregoing, if the amount of any prepayment of Loans required under this Section 2.09 shall be in excess of the amount of the Base Rate Loans at the time outstanding, only the portion of the
amount of such prepayment that is equal to the amount of such outstanding Base Rate Loans shall be immediately prepaid and, at the election of the Borrower, the balance of such required prepayment shall be either (A) deposited in the LC
Collateral Account and applied to the prepayment of Eurodollar Rate Loans on the last day of the then next-expiring Interest Period for Eurodollar Rate Loans (with all interest accruing thereon for the account of the

  
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Borrower) or (B) prepaid immediately, together with any amounts owing to the Lenders under Section 2.10. Notwithstanding any such deposit in the LC Collateral Account, interest
shall continue to accrue on such Loans until prepayment. 
 (d) Notice of Prepayment. The Borrower shall notify the
Administrative Agent (and, in the case of prepayment of a Swingline Loan, the Swingline Lender) by telephone (confirmed by telecopy) of any prepayment hereunder (i) in the case of prepayment of a Eurodollar Borrowing, not later than 1:00 p.m.,
New York City time, three Business Days before the date of prepayment, (ii) in the case of prepayment of a Base Rate Borrowing, not later than 4:00 p.m., New York City time, on the date of prepayment or (iii) in the case of prepayment of a
Swingline Loan, not later than 1:00 p.m., New York City time, on the date of prepayment. Each such notice shall specify the prepayment date, the principal amount of each Borrowing or portion thereof to be prepaid and, in the case of a mandatory
prepayment, a reasonably detailed calculation of the amount of such prepayment. Each notice of prepayment pursuant to this Section shall be irrevocable, except that the Borrower may, by subsequent notice to the Administrative Agent, revoke any such
notice of prepayment if such notice of revocation is received not later than 10:00 a.m. (New York City time) on the day on which such prepayment is scheduled to occur and, provided that (i) the Borrower reimburses each Lender pursuant to
Section 3.05 for any funding losses within five Business Days after receiving written demand therefor and (ii) the amount of Loans as to which such revocation applies shall be deemed converted to (or continued as, as applicable)
Base Rate Loans in accordance with the provisions of Section 2.08 as of the date of notice of revocation (subject to subsequent conversion in accordance with the provisions of this Agreement). Promptly following receipt of any such
notice (other than a notice relating solely to Swingline Loans), the Administrative Agent shall advise the Lenders of the contents thereof. Each partial prepayment of any Borrowing shall be in an amount that would be permitted in the case of an
advance of a Borrowing of the same Type as provided in Section 2.02, except as necessary to apply fully the required amount of a mandatory prepayment. Each prepayment of a Borrowing shall be applied ratably to the Loans included in the
prepaid Borrowing. Prepayments shall be accompanied by accrued interest to the extent required by Section 2.06. 

Section 2.10. Payments Generally; Pro Rata Treatment; Sharing of Set-offs. 

(a) The Borrower shall make each payment required to be made by it hereunder or under any other Loan Document (whether of principal,
interest, fees or reimbursement of LC Disbursements, or of amounts payable under Sections 3.01, 3.04 and 3.05, or otherwise) at or before the time expressly required hereunder or under such other Loan Document for such payment
(or, if no such time is expressly required, prior to 2:00 p.m., New York City time), on the date when due, in immediately available funds, without setoff or counterclaim. Any amounts received after such time on any date may, in the reasonable
discretion of the Administrative Agent, be deemed to have been received on the next succeeding Business Day for purposes of calculating interest thereon. All such payments shall be made to the Administrative Agent at the Administrative Agent’s
Office, except payments to be made directly to the Issuing Bank or Swingline Lender as expressly provided herein and except that payments pursuant to Sections 3.01, 3.04, 3.05 and 11.04 shall be made to the Administrative
Agent for the benefit of to the Persons entitled thereto and payments pursuant to other Loan Documents shall be made to the Administrative Agent for the benefit of the Persons specified therein. The Administrative Agent

  
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shall distribute any such payments received by it for the account of any other Person to the appropriate recipient promptly following receipt thereof. If any payment under any Loan Document shall
be due on a day that is not a Business Day, the date for payment shall be extended to the next succeeding Business Day, and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension. All
payments under each Loan Document shall be made in Dollars. 
 (b) If at any time insufficient funds are received by and
available to the Administrative Agent to pay fully all amounts of principal, unreimbursed LC Disbursements, interest and fees then due hereunder, such funds shall be applied in the manner as provided in Section 2.09(c) or 10.02
hereof, as applicable, ratably among the parties entitled thereto. 
 (c) If any Lender shall, by exercising any right of setoff
or counterclaim or otherwise, obtain payment in respect of any principal of or interest on any of its Revolving Loans or participations in LC Disbursements or Swingline Loans resulting in such Lender receiving payment of a greater proportion of the
aggregate amount of its Revolving Loans and participations in LC Disbursements and Swingline Loans and accrued interest thereon than the proportion received by any other Lender, then the Lender receiving such greater proportion shall purchase (for
cash at face value) participations in the Revolving Loans and participations in LC Disbursements and Swingline Loans of other Lenders to the extent necessary so that the benefit of all such payments shall be shared by the Lenders ratably in
accordance with the aggregate amount of principal of and accrued interest on their respective Revolving Loans and participations in LC Disbursements and Swingline Loans; provided that (i) if any such participations are purchased and all
or any portion of the payment giving rise thereto is recovered, such participations shall be rescinded and the purchase price restored to the extent of such recovery, without interest, and (ii) the provisions of this paragraph shall not be
construed to apply to any payment made by the Borrower pursuant to and in accordance with the express terms of this Agreement or any payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Loans
or participations in LC Disbursements to any assignee or participant, other than to the Borrower or any Subsidiary or Affiliate thereof (as to which the provisions of this paragraph shall apply). The Borrower consents to the foregoing and agrees, to
the extent it may effectively do so under Applicable Law that any Lender acquiring a participation pursuant to the foregoing arrangements may exercise against the Loan Parties rights of setoff and counterclaim with respect to such participation as
fully as if such Lender were a direct creditor of a Loan Party in the amount of such participation. 
 (d) Unless the
Administrative Agent shall have received notice from the Borrower prior to the date on which any payment is due to the Administrative Agent for the account of the Lenders or the Issuing Bank hereunder that the Borrower will not make such payment,
the Administrative Agent may assume that the Borrower has made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the Lenders or the Issuing Bank, as the case may be, the amount due. In such
event, if the Borrower has not in fact made such payment, then each of the Lenders or the Issuing Bank, as the case may be, severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender or Issuing
Bank with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment to the Administrative Agent, at the greater of the Federal Funds Rate and a rate determined by the
Administrative Agent in accordance with banking industry rules on interbank compensation. 

  
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 (e) If any Lender shall fail to make any payment required to be made by it pursuant to
Section 2.02(c), 2.02(f), 2.10(d), 2.12(d) or 2.13(d), then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the
Administrative Agent for the account of such Lender to satisfy such Lender’s obligations under such Sections until all such unsatisfied obligations are fully paid. 
 Section 2.11. Defaulting Lenders. 
 (a) Reallocation of Pro Rata
Share; Amendments. For purposes of determining the Lenders’ obligations to fund or acquire participations in Loans or Letters of Credit, the Administrative Agent may exclude the Commitments and Loans of any Defaulting Lender(s) from the
calculation of Pro Rata Shares. A Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Loan Document, except as provided in Section 11.01. 

(b) Payments; Fees. The Administrative Agent may, in its discretion, receive and retain any amounts payable to a Defaulting Lender
under the Loan Documents, and a Defaulting Lender shall be deemed to have assigned to the Administrative Agent such amounts until all Obligations owing to the Administrative Agent, non-Defaulting Lenders and other Secured Parties have been paid in
full. The Administrative Agent may apply such amounts to the Defaulting Lender’s defaulted obligations, use the funds to Cash Collateralize such Lender’s Fronting Exposure, or readvance the amounts to the Borrower hereunder. A Lender shall
not be entitled to receive any fees accruing hereunder during the period in which it is a Defaulting Lender, and the unfunded portion of its Commitment shall be disregarded for purposes of calculating the Commitment Fee under
Section 2.05(a). To the extent any LC Obligations owing to a Defaulted Lender are reallocated to other Lenders, LC Participation Fees attributable to such LC Obligations under Section 2.05(c) shall be paid to such other
Lenders. The Administrative Agent shall be paid all LC Participation Fees attributable to LC Obligations that are not so reallocated. 
 (c) Cure. The Borrower, Administrative Agent and Issuing Bank may agree in writing that a Lender is no longer a Defaulting Lender. At such time, Pro Rata Shares shall be reallocated without
exclusion of such Lender’s Commitments and Loans, and all outstanding Loans, LC Obligations and other exposures under the Commitments shall be reallocated among Lenders and settled by the Administrative Agent (with appropriate payments by the
reinstated Lender) in accordance with the readjusted Pro Rata Shares. Unless expressly agreed by the Borrower, Administrative Agent and Issuing Bank, no reinstatement of a Defaulting Lender shall constitute a waiver or release of claims against such
Lender. The failure of any Lender to fund a Loan, to make a payment in respect of LC Obligations or otherwise to perform its obligations hereunder shall not relieve any other Lender of its obligations, and no Lender shall be responsible for default
by another Lender. 

  
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 Section 2.12. Swingline Loans. 

(a) Swingline Commitment. Subject to the terms and conditions set forth herein, the Swingline Lender may, but shall not be
obligated to, make Swingline Loans to the Borrower from time to time during the Revolving Availability Period, in an aggregate principal amount at any time outstanding that will not result in (i) the aggregate principal amount of outstanding
Swingline Loans exceeding $7,000,000 or (ii) the Aggregate Exposures exceeding the lesser of (A) the Aggregate Commitments and (B) the Borrowing Base then in effect; provided that the Swingline Lender shall not be required to
make a Swingline Loan to refinance an outstanding Swingline Loan. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may borrow, repay and reborrow Swingline Loans. 

(b) Swingline Loans. To request a Swingline Loan, the Borrower shall notify the Administrative Agent of such request by telephone
(confirmed by telecopy), not later than 4:00 p.m., New York City time, on the day of a proposed Swingline Loan. Each such notice shall be irrevocable and specify the requested date (which shall be a Business Day) and amount of the requested
Swingline Loan. The Administrative Agent will promptly advise the Swingline Lender of any such notice received from the Borrower. The Swingline Lender shall make each Swingline Loan available to the Borrower by means of a credit to the general
deposit account of the Borrower with the Swingline Lender (or, in the case of a Swingline Loan made to finance the reimbursement of an LC Disbursement as provided in Section 2.13(e), by remittance to the Issuing Bank) by 5:00 p.m., New
York City time, on the requested date of such Swingline Loan. The Borrower shall not request a Swingline Loan if at the time of and immediately after giving effect to such request a Default has occurred and is continuing. Swingline Loans shall be
made in minimum amounts of $100,000. 
 (c) Prepayment. The Borrower shall have the right at any time and from time to
time to repay, without premium or penalty, any Swingline Loan, in whole or in part, upon giving written or telecopy notice (or telephone notice promptly confirmed by written, or telecopy notice) to the Swingline Lender and to the Administrative
Agent before 4:00 p.m., New York City time on the date of repayment at the Swingline Lender’s address for notices specified in the Swingline Lender’s Administrative Questionnaire. All principal payments of Swingline Loans shall be
accompanied by accrued interest on the principal amount being repaid to the date of payment. 
 (d) Participations. The
Swingline Lender may by written notice given to the Administrative Agent not later than 4:00 p.m., New York City time, on any Business Day require the Revolving Lenders to acquire participations on such Business Day in all or a portion of the
Swingline Loans outstanding. Such notice shall specify the aggregate amount of Swingline Loans in which Revolving Lenders will participate. Promptly upon receipt of such notice, the Administrative Agent will give notice thereof to each Revolving
Lender, specifying in such notice such Lender’s Pro Rata Percentage of such Swingline Loan or Loans. Each Revolving Lender hereby absolutely and unconditionally agrees, upon receipt of notice as provided above, to pay to the Administrative
Agent, for the account of the Swingline Lender, such Lender’s Pro Rata Percentage of such Swingline Loan or Loans. Each Revolving Lender acknowledges and agrees that its obligation to acquire participations in Swingline Loans pursuant to this
paragraph is absolute and unconditional and shall not be affected by any circumstance whatsoever, 

  
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including the occurrence and continuance of a Default or reduction or termination of the Aggregate Commitments, and that each such payment shall be made without any offset, abatement, withholding
or reduction whatsoever (provided that such payment shall not cause such Lender’s Revolving Exposure to exceed such Lender’s Revolving Commitment). Each Revolving Lender shall comply with its obligation under this paragraph by wire
transfer of immediately available funds, in the same manner as provided in Section 2.02(f) with respect to Loans made by such Lender (and Section 2.02 shall apply, mutatis mutandis, to the payment obligations of the
Revolving Lenders), and the Administrative Agent shall promptly pay to the Swingline Lender the amounts so received by it from the Revolving Lenders. The Administrative Agent shall notify the Borrower of any participations in any Swingline Loan
acquired pursuant to this paragraph, and thereafter payments in respect of such Swingline Loan shall be made to the Administrative Agent and not to the Swingline Lender. Any amounts received by the Swingline Lender from the Borrower (or other party
on behalf of the Borrower) in respect of a Swingline Loan after receipt by the Swingline Lender of the proceeds of a sale of participations therein shall be promptly remitted to the Administrative Agent; any such amounts received by the
Administrative Agent shall be promptly remitted by the Administrative Agent to the Revolving Lenders that shall have made their payments pursuant to this paragraph and to the Swingline Lender, as their interests may appear. The purchase of
participations in a Swingline Loan pursuant to this paragraph shall not relieve the Borrower of any default in the payment thereof. 
 Section 2.13. Letters of Credit. 
 (a) General. Subject to the
terms and conditions set forth herein, the Borrower may request the issuance of Letters of Credit for the Borrower’s account or the account of a Subsidiary of the Borrower in a form reasonably acceptable to the Administrative Agent and the
Issuing Bank, at any time and from time to time during the Revolving Availability Period (provided that the Borrower shall be a co-applicant with respect to each Letter of Credit issued for the account of or in favor of a Subsidiary). All
Existing Letters of Credit shall be deemed, without further action by any party hereto, to have been issued on the Funding Date pursuant to this Agreement, and the Lenders shall thereupon acquire participations in the Existing Letters of Credit as
if so issued without further action by any party hereto, to be acquired by the Lenders hereto. In the event of any inconsistency between the terms and conditions of this Agreement and the terms and conditions of any form of letter of credit
application or other agreement submitted by the Borrower to, or entered into by the Borrower with, the Issuing Bank relating to any Letter of Credit, the terms and conditions of this Agreement shall control. 

(b) Request for Issuance, Amendment, Renewal, Extension; Certain Conditions. To request the issuance of a Letter of Credit or the
amendment, renewal or extension of an outstanding Letter of Credit, the Borrower shall hand deliver or telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) a LC Request to the
Issuing Bank and the Administrative Agent not later than 1:00 p.m. on the second Business Day preceding the requested date of issuance, amendment, renewal or extension (or such later date and time as is reasonably acceptable to the Issuing Bank). A
request for an initial issuance of a Letter of Credit shall specify in form and detail reasonably satisfactory to the Issuing Bank: (i) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day); (ii) the
amount thereof; (iii) the expiry date thereof; (iv) the name and address of the beneficiary thereof; (v) the documents to be presented by such beneficiary in case 

  
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of any drawing thereunder; (vi) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder, and (vii) such other matters as the Issuing Bank
may reasonably require. A request for an amendment, renewal or extension of any outstanding Letter of Credit shall specify in form and detail reasonably satisfactory to the Issuing Bank (w) the Letter of Credit to be amended, renewed or
extended; (x) the proposed date of amendment, renewal or extension thereof (which shall be a Business Day), (y) the nature of the proposed amendment, renewal or extension, and (z) such other matters as the Issuing Bank may reasonably
require. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application substantially on the Issuing Bank’s standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be
issued, amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant (solely in the case of (w) and (x)) that, after giving effect to
such issuance, amendment, renewal or extension (A) the LC Exposure shall not exceed $25,000,000, (B) the total Revolving Exposures shall not exceed the lesser of (1) the total Revolving Commitments and (2) the Borrowing Base then
in effect and (C) if a Defaulting Lender exists, either such Lender or the Borrower has entered into arrangements satisfactory to the Administrative Agent and Issuing Bank to eliminate any Fronting Exposure associated with such Lender. Unless
the Issuing Bank shall otherwise agree, no Letter of Credit shall be denominated in a currency other than Dollars. 
 (c)
Expiration Date. Each Letter of Credit shall expire at or prior to the close of business on the earlier of the date which is one year after the date of the issuance of such Letter of Credit (or such other longer period of time as the
Administrative Agent and the applicable Issuing Bank may agree and, in the case of any renewal or extension thereof, one (1) year after such renewal or extension) and, unless Cash Collateralized or otherwise credit supported to the reasonable
satisfaction of the Administrative Agent and the applicable Issuing Bank (in which case the expiry may extend no longer than twelve months after the Letter of Credit Expiration Date) the Letter of Credit Expiration Date. Each Standby Letter of
Credit may, upon the request of the Borrower, include a provision whereby such Letter of Credit shall be renewed automatically for additional consecutive periods of twelve (12) months or less (but, subject to the foregoing, not beyond the date
that is after the Letter of Credit Expiration Date) unless the applicable Issuing Bank notifies the beneficiary thereof at least thirty (30) days prior to the then-applicable expiration date that such Letter of Credit will not be renewed.

 (d) Participations. By the issuance of a Letter of Credit (or an amendment to a Letter of Credit increasing the amount
thereof) and without any further action on the part of the Issuing Bank or the Lenders, the Issuing Bank hereby grants to each Revolving Lender, and each Revolving Lender hereby acquires from the Issuing Bank, a participation in such Letter of
Credit equal to such Lender’s Pro Rata Percentage of the aggregate amount available to be drawn under such Letter of Credit. In consideration and in furtherance of the foregoing, each Revolving Lender hereby absolutely and unconditionally
agrees to pay to the Administrative Agent, for the account of the Issuing Bank, such Lender’s Pro Rata Percentage of each LC Disbursement made by the Issuing Bank and not reimbursed by the Borrower on the date due as provided in paragraph
(e) of this Section 2.13, or of any reimbursement payment required to be refunded to the Borrower for any reason. Each Lender acknowledges and agrees that its obligation to acquire participations pursuant to this paragraph in
respect of Letters of Credit is absolute and unconditional and shall not be affected by any circumstance whatsoever, including any 

  
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amendment, renewal or extension of any Letter of Credit or the occurrence and continuance of a Default or reduction or termination of the Aggregate Commitments, and that each such payment shall
be made without any offset, abatement, withholding or reduction whatsoever. 
 (e) Reimbursement. If the Issuing Bank
shall make any LC Disbursement in respect of a Letter of Credit, the Borrower shall reimburse such LC Disbursement by paying to the Issuing Bank an amount equal to such LC Disbursement not later than 2:00 p.m., New York City time, on the Business
Day after receiving notice from the Issuing Lender of such LC Disbursement; provided that, whether or not the Borrower submits a Borrowing Request, the Borrower shall be deemed to have requested (except to the extent the Borrower makes
payment to reimburse such LC Disbursement when due) a Base Rate Borrowing in an amount necessary to reimburse such LC Disbursement. If the Borrower fails to make such payment when due, the Issuing Bank shall notify the Administrative Agent and the
Administrative Agent shall notify each Revolving Lender of the applicable LC Disbursement, the payment then due from the Borrower in respect thereof and such Lender’s Pro Rata Percentage thereof. Promptly following receipt of such notice, each
Revolving Lender shall pay to the Administrative Agent its Pro Rata Percentage of the unreimbursed LC Disbursement in the same manner as provided in Section 2.02(f) with respect to Loans made by such Lender, and the Administrative Agent
shall promptly pay to the Issuing Bank the amounts so received by it from the Revolving Lenders. Promptly following receipt by the Administrative Agent of any payment from the Borrower pursuant to this paragraph, the Administrative Agent shall, to
the extent that Revolving Lenders have made payments pursuant to this paragraph to reimburse the Issuing Bank, distribute such payment to such Lenders and the Issuing Bank as their interests may appear. Any payment made by a Revolving Lender
pursuant to this paragraph to reimburse the Issuing Bank for any LC Disbursement (other than the funding of Base Rate Loans or a Swingline Loan as contemplated above) shall not constitute a Loan and shall not relieve the Borrower of its obligation
to reimburse such LC Disbursement. 
 (f) Obligations Absolute. 

(i) Subject to the limitations set forth below, the obligation of the Borrower to reimburse LC Disbursements as provided
in paragraph (e) of this Section 2.13 shall be absolute, unconditional and irrevocable, and shall be performed strictly in accordance with the terms of this Agreement under any and all circumstances whatsoever and irrespective of
(i) any lack of validity or enforceability of any Letter of Credit or this Agreement, or any term or provision therein, (ii) any draft or other document presented under a Letter of Credit proving to be forged, fraudulent or invalid in any
respect or any statement therein being untrue or inaccurate in any respect, (iii) payment by the Issuing Bank under a Letter of Credit against presentation of a draft or other document that does not strictly comply with the terms of such Letter
of Credit, (iv) the existence of any claim, setoff, defense or other right which the Borrower may have at any time against a beneficiary of any Letter of Credit, or (v) any other event or circumstance whatsoever, whether or not similar to
any of the foregoing, that might, but for the provisions of this Section 2.13, constitute a legal or equitable discharge of, or provide a right of setoff against, the obligations of the Borrower hereunder; provided that the
Borrower shall have no obligation to reimburse the Issuing Bank to the extent that such payment was made in error due to the gross negligence, bad faith, or willful misconduct of the Issuing Bank (as

  
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determined by a court of competent jurisdiction or another independent tribunal having jurisdiction). Neither the Administrative Agent, the Lenders nor the Issuing Bank, nor any of their
Affiliates, shall have any liability or responsibility by reason of or in connection with the issuance or transfer of any Letter of Credit or any payment or failure to make any payment thereunder (irrespective of any of the circumstances referred to
in the preceding sentence), or any error, omission, interruption, loss or delay in transmission or delivery of any draft, notice or other communication under or relating to any Letter of Credit (including any document required to make a drawing
thereunder), any error in interpretation of technical terms or any consequence arising from causes beyond the control of the Issuing Bank; provided that the foregoing shall not be construed to excuse the Issuing Bank from liability to the
Borrower to the extent of any direct damages (as opposed to consequential damages, claims in respect of which are hereby waived by the Borrower to the extent permitted by Applicable Law) suffered by the Borrower that are caused by the Issuing
Bank’s failure to exercise care when determining whether drafts and other documents presented under a Letter of Credit comply with the terms thereof. The parties hereto expressly agree that, in the absence of gross negligence, willful
misconduct, or bad faith on the part of the Issuing Bank (as determined by a court of competent jurisdiction or another independent tribunal having jurisdiction), the Issuing Bank shall be deemed to have exercised care in each such determination. In
furtherance of the foregoing and without limiting the generality thereof, the parties agree that, with respect to documents presented which appear on their face to be in substantial compliance with the terms of a Letter of Credit, the Issuing Bank
may, in its sole discretion, either accept and make payment upon such documents without responsibility for further investigation, regardless of any notice or information to the contrary, or refuse to accept and make payment upon such documents if
such documents are not in strict compliance with the terms of such Letter of Credit. 
 (ii) The Issuing Bank
does not assume any responsibility for any failure or delay in performance or any breach by the Borrower or other Person of any obligations under any LC Document. The Issuing Bank does not make to the Lenders any express or implied warranty,
representation or guaranty with respect to the Collateral, such documents or any Loan Party. The Issuing Bank shall not be responsible to any Lender for any recitals, statements, information, representations or warranties contained in, or for the
execution, validity, genuineness, effectiveness or enforceability of any LC Document; the validity, genuineness, enforceability, collectibility, value or sufficiency of any Collateral or the perfection of any Lien therein; or the assets,
liabilities, financial condition, results of operations, business, creditworthiness or legal status of any Loan Party. 
 (iii) No Issuing Bank Indemnitee shall be liable to any Lender or other Person for any action taken or omitted to be taken in connection with any LC Documents except as a result of its actual gross
negligence or willful misconduct. The Issuing Bank shall not have any liability to any Lender if the Issuing Bank refrains from any action under any Letter of Credit or such LC Documents until it receives written instructions from the Required
Lenders. 

  
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 (g) Disbursement Procedures. The Issuing Bank shall, promptly following its receipt
thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. The Issuing Bank shall promptly notify the Administrative Agent and the Borrower by telephone (confirmed by telecopy) of such demand for payment
and whether the Issuing Bank has made or will make an LC Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse the Issuing Bank and the
Revolving Lenders with respect to any such LC Disbursement (other than with respect to the timing of such reimbursement obligation set forth in Section 2.13(e)). 
 (h) Interim Interest. If the Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid
amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Base Rate Loans;
provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section 2.13, then Section 2.06(c) shall apply. Interest accrued pursuant to this paragraph shall
be for the account of the Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (e) of this Section 2.13 to reimburse the Issuing Bank shall be for the account of
such Lender to the extent of such payment. 
 (i) Resignation or Removal of the Issuing Bank. The Issuing Bank may resign
as Issuing Bank hereunder at any time upon at least 30 days’ prior written notice to the Lenders, the Administrative Agent and the Borrower. The Issuing Bank may be replaced at any time by agreement between the Borrower and the Administrative
Agent, provided that so long as no Default or Event of Default exists, such successor Issuing Bank shall be reasonably acceptable to the Borrower. One or more Lenders may be appointed as additional Issuing Banks in accordance with subsection
(k) below. The Administrative Agent shall notify the Lenders of any such replacement of the Issuing Bank or any such additional Issuing Bank. At the time any such resignation or replacement shall become effective, the Borrower shall pay all
unpaid fees accrued for the account of the replaced Issuing Bank pursuant to Section 2.05(c). From and after the effective date of any such resignation or replacement or addition, as applicable, (i) the successor or additional
Issuing Bank shall have all the rights and obligations of the Issuing Bank under this Agreement with respect to Letters of Credit to be issued thereafter and (ii) references herein to the term “Issuing Bank” shall be deemed to refer
to such successor or such addition or to any previous Issuing Bank, or to such successor or such additional Issuing Bank and all previous Issuing Banks, as the context shall require. After the resignation or replacement of an Issuing Bank hereunder,
the replaced Issuing Bank shall remain a party hereto and shall continue to have all the rights and obligations of an Issuing Bank under this Agreement with respect to Letters of Credit issued by it prior to such resignation or replacement, but
shall not be required to issue additional Letters of Credit. If at any time there is more than one Issuing Bank hereunder, the Borrower may, in its discretion, select which Issuing Bank is to issue any particular Letter of Credit. 

  
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 (j) Cash Collateralization. 

(i) If any Specified Default shall occur and be continuing, on the Business Day that the Borrower receives notice from the
Administrative Agent (acting at the request of the Required Lenders) demanding the deposit of Cash Collateral pursuant to this paragraph, the Borrower shall deposit in the LC Collateral Account, in the name of the Administrative Agent and for the
benefit of the Secured Parties, an amount in cash equal to 101.5% of the LC Exposure as of such date. Each such deposit shall be held by the Administrative Agent as collateral for the payment and performance of the obligations of the Borrower under
this Agreement, but shall be immediately released and returned to the Borrower (in no event later than two (2) Business Days) once all Specified Defaults are cured or waived. The Administrative Agent shall have exclusive dominion and control,
including the exclusive right of withdrawal, over such account. Other than any interest earned on the investment of such deposits, which investments shall be made only in Cash Equivalents and at the direction of the Borrower and at the
Borrower’s risk and expense, such deposits shall not bear interest. Interest or profits, if any, on such investments shall accumulate in such account. Moneys in such account shall be applied by the Administrative Agent to reimburse the Issuing
Bank for LC Disbursements for which it has not been reimbursed and, to the extent not so applied, shall be held for the satisfaction of the reimbursement obligations of the Borrower for the LC Exposure at such time or, if the maturity of the Loans
has been accelerated (but subject to the consent of Revolving Lenders with LC Exposure representing greater than 50% of the total LC Exposure), be applied to satisfy other Obligations of the Borrower. 

(ii) The Borrower shall, on demand by the Issuing Bank or the Administrative Agent from time to time, Cash Collateralize
the Fronting Exposure associated with any Defaulting Lender. 
 (k) Additional Issuing Banks. The Borrower may, at any
time and from time to time with the consent of the Administrative Agent (which consent shall not be unreasonably withheld, delayed or conditioned) and such Lender, designate one or more additional Lenders to act as an issuing bank under the terms of
this Agreement. Any Lender designated as an issuing bank pursuant to this paragraph (k) shall be deemed (in addition to being a Lender) to be the Issuing Bank with respect to Letters of Credit issued or to be issued by such Lender, and all
references herein and in the other Loan Documents to the term “Issuing Bank” shall, with respect to such Letters of Credit, be deemed to refer to such Lender in its capacity as Issuing Bank, as the context shall require. 

(l) The Issuing Bank shall be under no obligation to issue any Letter of Credit if: 

(i) any order, judgment or decree of any Governmental Authority or arbitrator shall by its terms purport to enjoin or
restrain the Issuing Bank from issuing such Letter of Credit, or any law applicable to the Issuing Bank or any request or directive (whether or not having the force of law) from any Governmental Authority with jurisdiction over the Issuing Bank
shall prohibit, or request that the Issuing Bank refrain from, the issuance of letters of credit generally or such Letter of Credit in particular or shall impose upon the Issuing Bank with respect to such Letter of Credit any restriction, reserve or
capital 

  
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requirement (for which the Issuing Bank is not otherwise compensated hereunder) not in effect on the Funding Date, or shall impose upon the Issuing Bank any unreimbursed loss, cost or expense
which was not applicable on the Funding Date and which the Issuing Bank in good faith deems material to it; or 

(ii) the issuance of such Letter of Credit would violate one or more policies of the Issuing Bank. 

(m) The Issuing Bank shall be under no obligation to amend any Letter of Credit if (i) the Issuing Bank would have no obligation at
such time to issue such Letter of Credit in its amended form under the terms hereof, or (ii) the beneficiary of such Letter of Credit does not accept the proposed amendment to such Letter of Credit. 

Section 2.14. Determination of Borrowing Base. 
 (a) Eligible Accounts. On any date of determination of the Borrowing Base, all of the Accounts owned by all Loan Parties (other than Holdings) and reflected in the most recent Borrowing Base
Certificate delivered by the Borrower to the Administrative Agent shall be “Eligible Accounts” for the purposes of this Agreement, except any Account to which any of the exclusionary criteria set forth below applies. In addition,
the Administrative Agent reserves the right, at any time and from time to time after the Funding Date, to adjust any of the criteria set forth below, to establish new criteria with respect to Eligible Accounts and to adjust the advance rates, in
each case, in its Permitted Discretion, subject to the approval of all Lenders in the case of adjustments, new criteria or increases in advance rates which have the effect of making more credit available than would have been available if the
standards in effect on the Funding Date had continued to be in effect. Eligible Accounts shall not include any of the following Accounts: 
 (i) any Account in which the Administrative Agent, on behalf of the Secured Parties, does not have a first priority (except to the extent of Liens permitted under Section 7.01(c) hereof)
perfected Lien; 
 (ii) any Account that is not owned by a Loan Party; 

(iii) any Account due from an Account Debtor that is not domiciled in the United States or Canada and (if not a natural
person) organized under the laws of the United States or Canada or any political subdivision thereof to the extent all such Accounts exceed $2,000,000 (or its equivalent in Canadian Dollars) in the aggregate; 

(iv) any Account that is payable in any currency other than Dollars or Canadian Dollars; 

(v) any Account that does not arise from the sale of goods or the performance of services by such Loan Party in the
ordinary course of its business; 
 (vi) any Account that does not comply in all material respects with all
applicable legal requirements, including, without limitation, all laws, rules, regulations and orders of any Governmental Authority; 

  
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 (vii) any Account (A) as to which a Loan Party’s right to receive
payment is contingent upon the fulfillment of any condition whatsoever unless such condition is satisfied, (B) as to which a Loan Party is not able to bring suit or otherwise enforce its remedies against the Account Debtor through judicial or
administrative process, (C) that 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 Loan
Party’s completion of further performance under such contract or is subject to the equitable lien of a surety bond issuer, or (D) that arises with respect to goods that are delivered on a bill-and-hold, cash-on-delivery basis or placed on
consignment, guaranteed sale or other terms by reason of which the payment by the Account Debtor is or may be conditional except that Accounts arising from sales which are on a cash-on-delivery basis (to the extent such cash-on-delivery is in the
ordinary course of business) shall not be deemed ineligible pursuant to this Section 2.14(a)(vii) until 14 days after the shipment of the goods relating thereto; 

(viii) to the extent that any defense, counterclaim or dispute arises, or the Account is, or is reasonably likely to
become, subject to any right of set-off by the Account Debtor, to the extent of the amount of such set-off, it being understood that the remaining balance of the Account shall be eligible; 

(ix) any Account that is not a true and correct statement of bona fide indebtedness incurred in the amount of the Account
for merchandise sold to or services rendered and accepted by the applicable Account Debtor; 
 (x) any Account
with respect to which an invoice or other electronic transmission constituting a request for payment, reasonably acceptable to the Administrative Agent in form and substance, has not been sent on a timely basis to the applicable Account Debtor
according to the normal invoicing and timing procedures of the Loan Parties; 
 (xi) any Account that arises from
a sale to any director, officer, other employee or Affiliate of a Loan Party, or to any entity (other than portfolio companies owned by any Back Stop Party to the extent such underlying sale is at arms-length) that has any common officer or director
with a Loan Party; 
 (xii) any Account that is in default; provided that, without limiting the generality
of the foregoing, an Account shall be deemed in default at any time upon the occurrence of any of the following: 

(A) such Account is not paid and is more than 60 days past due according to its original terms of sale; or 

(B) 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 classified by the Borrower and its Subsidiaries as “cash only, bad check,” as determined by the Borrower and its Subsidiaries in the ordinary course of business consistent
with past-practice; 

  
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 (C) a petition is filed by or against any Account Debtor obligated upon such
Account under any bankruptcy law or any other federal, state or foreign (including any provincial) receivership, insolvency relief or other law or laws for the relief of debtors; provided that so long as an order exists permitting payment of
trade creditors specifically with respect to such Account Debtor and such Account Debtor has obtained adequate post-petition financing to pay such Accounts, the Accounts of such Account Debtor shall not be deemed ineligible under the provisions of
this clause (C) to the extent the order permitting such financing allows the payment of the applicable Account; 
 (D) the Borrower or its Subsidiaries grant extended payment terms to the Account Debtor for such Account to the extent all such Accounts exceed $7,000,000 in the aggregate; or 

(E) the Account is classified by the Borrower or its Subsidiaries as “high risk” as determined by the Borrower
and its Subsidiaries in the ordinary course of business consistent with past practice; 
 (xiii) any Account that
is the obligation of an Account Debtor (other than an individual) if 50% or more of the dollar amount of all Accounts owing by such Account Debtor are ineligible under the criteria set forth in clause (xii) above; 

(xiv) any Account as to which any of the representations or warranties in the Loan Documents are untrue in any material
respect (to the extent such materiality relates to the amount owing on such Account); 
 (xv) any Account which
is evidenced by a judgment, Instrument or Chattel Paper and such Instrument or Chattel Paper is not pledged and delivered to the Administrative Agent under the Security Documents; 

(xvi) any Account on which the Account Debtor is a Governmental Authority, unless the applicable Loan Party has assigned
its rights to payment of such Account to the Administrative Agent pursuant to the Assignment of Claims Act of 1940, as amended, in the case of a federal Governmental Authority, and pursuant to Applicable Law, if any, in the case of any other
Governmental Authority, and such assignment has been accepted and acknowledged by the appropriate government officers; and 
 (xvii) any Account arising on account of a supplier rebate, unless the Borrower has received a waiver of offset from the supplier in form and substance reasonably satisfactory to the Administrative Agent.

 (b) Eligible Inventory. For purposes of this Agreement, Eligible Inventory shall exclude any Inventory to which any of
the exclusionary criteria set forth below applies. The Administrative Agent shall have the right to establish, modify or eliminate Reserves against Eligible Inventory from time to time in its Permitted Discretion. In addition, the Administrative
Agent reserves the right, at any time and from time to time after the Funding Date, to adjust any of the criteria set forth below, to establish new criteria with respect to Eligible Inventory and to adjust advance rates, in each case, in its
Permitted Discretion, subject to the approval of all 

  
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Lenders in the case of adjustments, new criteria or increases in the advance rates which have the effect of making more credit available than would have been available if the standards in effect
on the Funding Date had continued to be in effect. Eligible Inventory shall not include any Inventory of the Loan Parties that: 
 (i) is not solely owned by a Loan Party, or is leased by or is on consignment to a Loan Party, or the Loan Parties do not have title thereto; 

(ii) the Administrative Agent, on behalf of the Secured Parties, does not have a first priority (except such Liens as
permitted by Section 7.01(c) hereof) perfected Lien upon; 
 (iii)(A) is stored at a location not
owned by a Loan Party unless (x) the Administrative Agent has given its prior consent thereto, (y) a reasonably satisfactory Landlord Lien Waiver and Access Agreement has been delivered to the Administrative Agent, or (z) Landlord
Lien Reserves reasonably satisfactory to the Administrative Agent have been established with respect thereto, or (B) is stored with a bailee or warehouseman unless either (x) a reasonably satisfactory acknowledged bailee waiver letter has
been received by the Administrative Agent, or (y) Landlord Lien Reserves reasonably satisfactory to the Administrative Agent have been established with respect thereto; but only to the extent the aggregate amount of Inventory otherwise excluded
pursuant to this paragraph (iii) exceeds $1,000,000; 
 (iv)(A) is placed on consignment, unless a valid
consignment agreement which is reasonably satisfactory to Administrative Agent is in place with respect to such Inventory or (B) is in transit (except to the extent such Inventory (x) is purchased under documentary Letters of Credit and is
in transit (1) from any location in the United States for receipt by a Loan Party within fifteen (15) days of the date of determination or (2) any location outside of the United States for receipt by a Loan Party within 60 days of the
date of determination), for which the document of title, to the extent applicable, reflects a Loan Party as consignee (along with delivery to such Loan Party of the documents of title, to the extent applicable, with respect thereto), and as to which
the Administrative Agent has control over the documents of title, to the extent applicable, which evidence ownership of the subject Inventory, or (y) is in transit between locations leased, owned or occupied by a Loan Party); 

(v) is covered by a negotiable document of title, unless such document has been delivered to the Administrative Agent with
all necessary endorsements, free and clear of all Liens except Liens in favor of landlords, carriers, bailees and warehousemen if clause (ii) has been complied with; 

(vi) is unsalable, shopworn, seconds, damaged or unfit for sale, in each case, as determined in the ordinary course of
business by the Loan Parties; 
 (vii) consists of display items or packing or shipping materials, manufacturing
supplies, work-in-process Inventory or replacement parts; 

  
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 (viii) is not of a type held for sale in the ordinary course of the Loan
Parties’, as applicable, business; 
 (ix) except as otherwise agreed by the Administrative Agent, does not
conform in all material respects to the representations or warranties pertaining to Inventory set forth in the Loan Documents; 
 (x) is subject to any licensing arrangement or any other trademark or other proprietary rights of any Person, the effect of which would be to limit the ability of the Administrative Agent, or any Person
selling the Inventory on behalf of the Administrative Agent, to sell such Inventory in enforcement of the Administrative Agent’s Liens without further consent or payment to the licensor or such other Person (unless such consent has then been
obtained); 
 (xi) is not covered by casualty insurance maintained as required by Section 6.07; or

 (xii) is acquired in a Permitted Acquisition, unless the Administrative Agent shall have received or conducted
(1) within 45 days after the consummation of such Permitted Acquisition, appraisals, from appraisers reasonably satisfactory to the Administrative Agent, of such Inventory to be acquired in such Permitted Acquisition and (2) prior to the
consummation of such Permitted Acquisition, a commercial finance examination and such other due diligence as the Administrative Agent may reasonably require in order to determine the appropriate advance rate against such Inventory, all of the
results of the foregoing to be reasonably satisfactory to the Administrative Agent. As long as the Administrative Agent has received reasonable prior notice of such Permitted Acquisition and the Loan Parties reasonably cooperate (and cause the
Person being acquired to reasonably cooperate) with the Administrative Agent, the Administrative Agent shall use reasonable best efforts to complete such due diligence and commercial finance examination on or prior to the closing date of such
Permitted Acquisition. 
 Section 2.15. Intentionally Omitted. 

Section 2.16. Reserves; Changes to Reserves. 
 (a) The initial Availability Reserves as of the Funding Date are the following: 
 (i) Landlord Lien Reserve: An amount equal to three months’ rent for all of the leased locations of the Borrower and its Subsidiaries at which Inventory is stored, other than leased locations with
respect to which the Administrative Agent has received a Landlord Lien Waiver and Access Agreement. 
 (ii)
Dilution Reserve: A dilution reserve equal to the amount (if any) by which dilution for accounts receivable of the Borrower and its Subsidiaries exceeds 5%. 
 (b) The Administrative Agent may hereafter establish additional Reserves or change any of the foregoing Reserves, in its Permitted Discretion, provided that such Reserves shall not be established
or changed except upon not less than six (6) Business Days’ notice to the Borrower (during which period the Administrative Agent shall be available to discuss any such proposed Reserve with the Borrower). 

  
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 Section 2.17. Settlement Amongst Lenders. 

(a) The Swingline Lender may, at any time (but, in any event shall weekly), on behalf of the Borrower (which hereby authorizes the
Swingline Lender to act on its behalf in that regard) request the Administrative Agent to cause the Lenders to make a Revolving Loan (which shall be a Base Rate Loan) in an amount equal to such Lender’s Pro Rata Percentage of the Outstanding
Amount of Swingline Loans, which request may be made regardless of whether the conditions set forth in Section 4.03 have been satisfied. Upon such request, each Lender shall make available to the Administrative Agent the proceeds of such
Revolving Loan for the account of the Swingline Lender. If the Swingline Lender requires a Revolving Loan to be made by the Lenders and the request therefor is received prior to 12:00 Noon on a Business Day, such transfers shall be made in
immediately available funds no later than 3:00 p.m. that day; and, if the request therefor is received after 12:00 Noon, then no later than 3:00 p.m. on the next Business Day. The obligation of each such Lender to transfer such funds is irrevocable,
unconditional and without recourse to or warranty by the Administrative Agent or the Swingline Lender. If and to the extent any Lender shall not have so made its transfer to the Administrative Agent, such Lender agrees to pay to the Administrative
Agent, forthwith on demand, such amount, together with interest thereon, for each day from such date until the date such amount is paid to the Administrative Agent, at the Federal Funds Rate. 

(b) The amount of each Lender’s Pro Rata Percentage of outstanding Revolving Loans (including outstanding Swingline Loans) shall be
computed weekly (or more frequently in the Administrative Agent’s discretion) and shall be adjusted upward or downward based on all Revolving Loans (including Swingline Loans) and repayments of Revolving Loans (including Swingline Loans)
received by the Administrative Agent as of 3:00 p.m. on the first Business Day (such date, the “Settlement Date”) following the end of the period specified by the Administrative Agent. 

(c) The Administrative Agent shall deliver to each of the Lenders promptly after a Settlement Date a summary statement of the amount of
outstanding Revolving Loans (including Swingline Loans) for the period and the amount of repayments received for the period. As reflected on the summary statement, (i) the Administrative Agent shall transfer to each Lender its applicable Pro
Rata Percentage of repayments, and (ii) each Lender shall transfer to the Administrative Agent (as provided below) or the Administrative Agent shall transfer to each Lender, such amounts as are necessary to insure that, after giving effect to
all such transfers, the amount of Revolving Loans made by each Lender with respect to Revolving Loans to the Borrower (including Swingline Loans) shall be equal to such Lender’s applicable Pro Rata Percentage of Revolving Loans (including
Swingline Loans) outstanding as of such Settlement Date. If the summary statement requires transfers to be made to the Administrative Agent by the Lenders and is received prior to 12:00 Noon on a Business Day, such transfers shall be made in
immediately available funds no later than 3:00 p.m. that day; and, if received after 12:00 Noon, then no later than 3:00 p.m. on the next Business Day. The obligation of each Lender to transfer such funds is irrevocable, unconditional and without
recourse to or warranty by the Administrative Agent. If and to the extent any Lender shall not have so made its transfer to the 

  
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Administrative Agent, such Lender agrees to pay to the Administrative Agent, forthwith on demand such amount, together with interest thereon, for each day from such date until the date such
amount is paid to the Administrative Agent, at the Federal Funds Rate. 
 Section 2.18. Super Priority Nature of
Obligations. If the Chapter 11 Cases have commenced, upon and after entry of the Interim Approval Order, at all times prior to the Plan Effective Date, all Obligations shall constitute administrative expenses of the Loan Parties in the Chapter
11 Cases, with administrative priority under Section 364(c)(1) of the Bankruptcy Code, all as set forth in, and qualified entirely by, the Interim Approval Order and the Final Approval Order. Except as described in the Interim Approval Order or
the Final Approval Order, whichever is then in effect, such administrative claim shall have priority over all other costs and expenses of the kinds specified in, or ordered pursuant to, Sections 105, 326, 328, 330, 331, 503(b), 506(c), 507(a),
507(b), 546(c), 726, 1114 or any other provision of the Bankruptcy Code or otherwise, and shall at all times be senior to the rights of the Loan Parties, the estates of the Loan Parties, and any successor trustee or estate representative in the
Chapter 11 Cases or any subsequent proceeding or case under the Bankruptcy Code. 
 Section 2.19. Payment of
Obligations. Upon (a) the maturity (whether by acceleration or otherwise) of any of the Obligations under this Agreement or any of the other Loan Documents or (b) the Delayed Draw Termination Date, the Administrative Agent and the
Lenders shall be entitled to immediate payment of such Obligations (other than contingent indemnification obligations and expense reimbursement obligations not yet due and payable (excluding any such obligations relating to expenses where written
demand is prohibited by the automatic stay)) without further application to or order of the Bankruptcy Court. 

Section 2.20. No Discharge; Survival of Claims. Holdings and the Borrower, on behalf of itself and its Subsidiaries, agree
that, if the Chapter 11 Cases have commenced, (a) the Obligations hereunder shall not be discharged by the entry of the Confirmation Order or any other order confirming any plan of reorganization of any or all of Holdings, the Borrower and
their respective Subsidiaries (and each of Holdings and the Borrower, on behalf of itself and its Subsidiaries, pursuant to Section 1141(d)(4) of the Bankruptcy Code, hereby waives any such discharge), and (b) the super-priority
administrative claim granted to the Administrative Agent and the Lenders pursuant to the Interim Approval Order and the Final Approval Order and described therein shall not be affected in any manner by the entry of the Confirmation Order or any
other order confirming any plan of reorganization of any or all of Holdings, the Borrower and their respective Subsidiaries. 

ARTICLE 3 
 TAXES,
YIELD PROTECTION AND ILLEGALITY 
 Section 3.01. Taxes. 

(a) Payments Free of Taxes; Obligation to Withhold; Payments on Account of Taxes. (i) Any and all payments by or on account of
any obligation of the Borrower hereunder or under any other Loan Document shall to the extent permitted by applicable Laws be made free and clear of and without reduction or withholding for any Taxes. If, however, applicable Laws require the
Borrower or the Administrative Agent to withhold or deduct any Tax, such Tax shall 

  
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be withheld or deducted in accordance with such Laws as determined by the Borrower or the Administrative Agent, as the case may be, upon the basis of the information and documentation to be
delivered pursuant to subsection (e) below. 
 (ii) If the Borrower or the Administrative Agent shall be
required by the Code to withhold or deduct any Taxes, including both United States Federal backup withholding and withholding taxes, from any payment, then (A) the Administrative Agent shall withhold or make such deductions as are determined by
the Administrative Agent to be required based upon the information and documentation it has received pursuant to subsection (e) below, (B) the Administrative Agent shall timely pay the full amount withheld or deducted to the relevant
Governmental Authority in accordance with the Code, and (C) to the extent that the withholding or deduction is made on account of Indemnified Taxes or Other Taxes, the sum payable by the Borrower shall be increased as necessary so that after
any required withholding or the making of all required deductions (including deductions applicable to additional sums payable under this Section) the Administrative Agent, Lender or Issuing Bank, as the case may be, receives an amount equal to the
sum it would have received had no such withholding or deduction been made. 
 (b) Payment of Other Taxes by the Borrower.
Without limiting the provisions of subsection (a) above, the Borrower shall timely pay any Other Taxes to the relevant Governmental Authority in accordance with applicable Laws. 

(c) Tax Indemnifications. (i) Without limiting the provisions of subsection (a) or (b) above, the Borrower shall,
and does hereby, indemnify the Administrative Agent, each Lender and the Issuing Bank, and shall make payment in respect thereof within ten (10) days after demand therefor, for the full amount of any Indemnified Taxes or Other Taxes (including
Indemnified Taxes or Other Taxes imposed or asserted on or attributable to amounts payable under this Section) withheld or deducted by the Borrower or the Administrative Agent or paid by the Administrative Agent, such Lender or the Issuing Bank, as
the case may be, and any penalties, interest and reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes or Other Taxes were correctly or legally imposed or asserted by the relevant Governmental
Authority. The Borrower shall also, and does hereby, indemnify the Administrative Agent, and shall make payment in respect thereof within ten (10) days after demand therefor, for any amount which a Lender or the Issuing Bank for any reason
fails to pay indefeasibly to the Administrative Agent as required by clause (ii) of this subsection. A certificate as to the amount of any such payment or liability delivered to the Borrower by a Lender or the Issuing Bank (with a copy to the
Administrative Agent), or by the Administrative Agent on its own behalf or on behalf of a Lender or the Issuing Bank, shall be conclusive absent manifest error. 
 (ii) Without limiting the provisions of subsection (a) or (b) above, each Lender and the Issuing Bank shall, and does hereby, indemnify the Borrower and the Administrative Agent, and shall make
payment in respect thereof within ten (10) days after demand therefor, against any and all Taxes and any and all related losses, claims, liabilities, penalties, interest and expenses (including the fees, charges and disbursements of any counsel
for the Borrower or the Administrative Agent) incurred by or asserted 

  
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against the Borrower or the Administrative Agent by any Governmental Authority as a result of the failure by such Lender or the Issuing Bank, as the case may be, to deliver, or as a result of the
inaccuracy, inadequacy or deficiency of, any documentation required to be delivered by such Lender or the Issuing Bank, as the case may be, to the Borrower or the Administrative Agent pursuant to subsection (e). Each Lender and the Issuing Bank
hereby authorizes the Administrative Agent to set off and apply any and all amounts at any time owing to such Lender or the Issuing Bank, as the case may be, under this Agreement or any other Loan Document against any amount due to the
Administrative Agent under this clause (ii). The agreements in this clause (ii) shall survive the resignation and/or replacement of the Administrative Agent, any assignment of rights by, or the replacement of, a Lender or the Issuing Bank, the
termination of the Aggregate Commitments and the repayment, satisfaction or discharge of all other Obligations. 
 (d)
Evidence of Payments. Upon request by the Borrower or the Administrative Agent, as the case may be, after any payment of Taxes by the Borrower or by the Administrative Agent to a Governmental Authority as provided in this
Section 3.01, the Borrower shall deliver to the Administrative Agent or the Administrative Agent shall deliver to the Borrower, as the case may be, the original or a certified copy of a receipt issued by such Governmental Authority
evidencing such payment, a copy of any return required by Laws to report such payment or other evidence of such payment reasonably satisfactory to the Borrower or the Administrative Agent, as the case may be. 

(e) Status of Lenders; Tax Documentation. (i) Each Lender shall deliver to the Borrower and to the Administrative Agent, at
the time or times prescribed by applicable Laws or when reasonably requested by the Borrower or the Administrative Agent, such properly completed and executed documentation prescribed by applicable Laws or by the taxing authorities of any
jurisdiction and such other reasonably requested information as will permit the Borrower or the Administrative Agent, as the case may be, to determine (A) whether or not payments made hereunder or under any other Loan Document are subject to
Taxes, (B) if applicable, the required rate of withholding or deduction, and (C) such Lender’s entitlement to any available exemption from, or reduction of, applicable Taxes in respect of all payments to be made to such Lender by the
Borrower pursuant to this Agreement or otherwise to establish such Lender’s status for withholding tax purposes in the applicable jurisdiction. 
 (ii) Without limiting the generality of the foregoing, if the Borrower is resident for tax purposes in the United States, 

(A) any Lender that is a “United States person” within the meaning of Section 7701(a)(30) of the Code shall
deliver to the Borrower and the Administrative Agent executed originals of Internal Revenue Service Form W-9 or such other documentation or information prescribed by applicable Laws or reasonably requested by the Borrower or the Administrative Agent
as will enable the Borrower or the Administrative Agent, as the case may be, to determine whether or not such Lender is subject to backup withholding or information reporting requirements; and 

  
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 (B) each Foreign Lender that is entitled under the Code or any applicable
treaty to an exemption from or reduction of withholding tax with respect to payments hereunder or under any other Loan Document shall deliver to the Borrower and the Administrative Agent (in such number of copies as shall be requested by the
recipient) on or prior to the date on which such Foreign Lender becomes a Lender under this Agreement (and from time to time thereafter upon the request of the Borrower or the Administrative Agent, but only if such Foreign Lender is legally entitled
to do so), whichever of the following is applicable: 
 (I) executed originals of Internal Revenue Service Form
W-8BEN claiming eligibility for benefits of an income tax treaty to which the United States is a party, 
 (II)
executed originals of Internal Revenue Service Form W-8ECI, 
 (III) executed originals of Internal Revenue
Service Form W-8IMY and all required supporting documentation, 
 (IV) in the case of a Foreign Lender claiming
the benefits of the exemption for portfolio interest under section 881(c) of the Code, (x) a certificate to the effect that such Foreign Lender is not (A) a “bank” within the meaning of section 881(c)(3)(A) of the Code,
(B) a “10 percent shareholder” of the Borrower within the meaning of section 881(c)(3)(B) of the Code, or (C) a “controlled foreign corporation” described in section 881(c)(3)(C) of the Code and (y) executed
originals of Internal Revenue Service Form W-8BEN, or 
 (V) executed originals of any other form prescribed by
applicable Laws as a basis for claiming exemption from or a reduction in United States Federal withholding tax together with such supplementary documentation as may be prescribed by applicable Laws to permit the Borrower or the Administrative Agent
to determine the withholding or deduction required to be made. 
 (iii) Each Lender shall promptly
(A) notify the Borrower and the Administrative Agent of any change in circumstances which would modify or render invalid any claimed exemption or reduction, and (B) take such steps as shall not be materially disadvantageous to it, in the
reasonable judgment of such Lender, and as may be reasonably necessary (including the re-designation of its Lending Office) to avoid any requirement of applicable Laws of any jurisdiction that the Borrower or the Administrative Agent make any
withholding or deduction for taxes from amounts payable to such Lender. 
 (f) Treatment of Certain Refunds. Unless
required by applicable Laws, at no time shall the Administrative Agent have any obligation to file for or otherwise pursue on behalf of a Lender or the Issuing Bank, or have any obligation to pay to any Lender or the Issuing Bank, any

  
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refund of Taxes withheld or deducted from funds paid for the account of such Lender or the Issuing Bank, as the case may be. If the Administrative Agent, any Lender or the Issuing Bank
determines, in its sole discretion, that it has received a refund of any Taxes or Other Taxes as to which it has been indemnified by the Borrower or with respect to which the Borrower has paid additional amounts pursuant to this Section, it shall
pay to the Borrower an amount equal to such refund (but only to the extent of indemnity payments made, or additional amounts paid, by the Borrower under this Section with respect to the Taxes or Other Taxes giving rise to such refund), net of all
out-of-pocket expenses incurred by the Administrative Agent, such Lender or the Issuing Bank, as the case may be, and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund), provided
that the Borrower, upon the request of the Administrative Agent, such Lender or the Issuing Bank, agrees to repay the amount paid over to the Borrower (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) to
the Administrative Agent, such Lender or the Issuing Bank in the event the Administrative Agent, such Lender or the Issuing Bank is required to repay such refund to such Governmental Authority. This subsection shall not be construed to require the
Administrative Agent, any Lender or the Issuing Bank to make available its tax returns (or any other information relating to its taxes that it deems confidential) to the Borrower or any other Person. 

Section 3.02. Illegality. If any Lender determines in good faith that any Law has made it unlawful, or that any Governmental
Authority has asserted that it is unlawful, for any Lender or its applicable Lending Office to make, maintain or fund Loans the interest of which is determined by reference to the Eurodollar Rate, or to determine or charge interest rates based upon
the Eurodollar Rate, or any Governmental Authority has imposed material restrictions on the authority of such Lender to purchase or sell, or to take deposits of, Dollars in the London interbank market, then, on notice thereof by such Lender to the
Borrower through the Administrative Agent, (i) any obligation of such Lender to make or continue Eurodollar Rate Loans or to convert Base Rate Loans to Eurodollar Rate Loans shall be suspended, and (ii) if such notice asserts the
illegality of such Lender making or maintaining Base Rate Loans the interest rate on which is determined by reference to the Eurodollar Rate component of the Base Rate, the interest rate on which Base Rate Loans of such Lender shall, if necessary to
avoid such illegality, be determined by the Administrative Agent without reference to the Eurodollar Rate component of the Base Rate, in each case until such Lender notifies the Administrative Agent and the Borrower that the circumstances giving
rise to such determination no longer exist. Upon receipt of such notice, (x) the Borrower shall, upon demand from such Lender (with a copy to the Administrative Agent), prepay or, if applicable, convert all Eurodollar Rate Loans of such Lender
to Base Rate Loans (the interest rate on which Base Rate Loans of such Lender shall, if necessary to avoid such illegality, be determined by the Administrative Agent without reference to the Eurodollar Rate component of the Base Rate), either on the
last day of the Interest Period therefor, if such Lender may lawfully continue to maintain such Eurodollar Rate Loans to such day, or immediately, if such Lender may not lawfully continue to maintain such Eurodollar Rate Loans and (y) if such
notice asserts the illegality of such Lender determining or charging interest rates based upon the Eurodollar Rate, the Administrative Agent shall during the period of such suspension compute the Base Rate applicable to such Lender without reference
to the Eurodollar Rate component thereof until the Administrative is advised in writing by such Lender that it is no longer illegal for such Lender to determine or charge interest rates based upon the Eurodollar Rate. Upon any such prepayment or
conversion, the Borrower shall also pay accrued interest on 

  
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the amount so prepaid or converted. Each Lender agrees to designate a different Lending Office if such designation will avoid the need for such notice and will not, in the good faith judgment of
such Lender, otherwise be materially disadvantageous to such Lender. 
 Section 3.03. Inability to Determine Rates.
If the Required Lenders determine in good faith that for any reason (a) Dollar deposits are not being offered to banks in the London interbank eurodollar market for the applicable amount and Interest Period of such Eurodollar Rate Loan,
(b) adequate and reasonable means do not exist for determining the Eurodollar Rate for any requested Interest Period with respect to a proposed Eurodollar Rate Loan, or (c) that the Eurodollar Rate for any requested Interest Period with
respect to a proposed Eurodollar Rate Loan does not adequately and fairly reflect the cost to such Lenders of funding such Loan, the Administrative Agent will promptly so notify the Borrower and each Lender. Thereafter, (x) the obligation of
the Lenders to make or maintain Eurodollar Rate Loans shall be suspended, and (y) in the event of a determination described in the preceding sentence with respect to the Eurodollar Rate component of the Base Rate, the utilization of the
Eurodollar Rate component in determining the Base Rate shall be suspended, in each case until the Administrative Agent (upon the instruction of the Required Lenders) revokes such notice. Upon receipt of such notice, the Borrower may revoke any
pending request for a Borrowing of, conversion to or continuation of Eurodollar Rate Loans or, failing that, will be deemed to have converted such request into a request for a Borrowing of Base Rate Loans in the amount specified therein. 

Section 3.04. Increased Cost and Reduced Return; Capital Adequacy. 

(a) If any Lender determines in good faith that as a result of the introduction of or any change in or in the interpretation of any Law,
or such Lender’s compliance therewith, in each case after the date hereof, there shall be any increase in the cost to such Lender of agreeing to make or making, funding or maintaining Eurodollar Rate Loans, or a reduction in the amount received
or receivable by such Lender in connection with any of the foregoing (excluding for purposes of this subsection (a) any such increased costs or reduction in amount resulting from (i) Taxes or Other Taxes (as to which
Section 3.01 shall govern), (ii) changes in the basis of taxation of overall net income or overall gross income by the United States or any foreign jurisdiction or any political subdivision of either thereof under the Laws of which
such Lender is organized or has its Lending Office, and (iii) reserve requirements contemplated by the definition of “Eurodollar Rate”), then from time to time upon demand of such Lender (with a copy of such demand to the
Administrative Agent), the Borrower shall pay to such Lender such additional amounts as will compensate such Lender for such increased cost or reduction. 
 (b) If any Lender determines in good faith that the introduction of any Law regarding capital adequacy or any change therein or in the interpretation thereof, or compliance by such Lender (or its Lending
Office) therewith, in each case after the date hereof, has the effect of reducing the rate of return on the capital of such Lender or any corporation controlling such Lender as a consequence of such Lender’s obligations hereunder (taking into
consideration its policies with respect to capital adequacy and such Lender’s desired return on capital), then from time to time upon demand of such Lender (with a copy of such demand to the Administrative Agent), the Borrower shall pay to such
Lender such additional amounts as will compensate such Lender for such reduction. 

  
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 Section 3.05. Funding Losses. Upon demand of any Lender (with a copy to the
Administrative Agent) from time to time, the Borrower shall promptly compensate such Lender for and hold such Lender harmless from any loss, cost or expense incurred by it as a result of: 

(a) any continuation, conversion, payment or prepayment of any Loan other than a Base Rate Loan on a day other than the last day of the
Interest Period for such Loan (whether voluntary, mandatory, automatic, by reason of acceleration, or otherwise); 
 (b) any
failure by the Borrower (for a reason other than the failure of such Lender to make a Loan) to prepay (including without limitation pursuant to Section 2.09(d)), borrow, continue or convert any Loan other than a Base Rate Loan on the
date or in the amount notified by the Borrower; or 
 (c) any assignment of a Eurodollar Rate Loan on a day other than the last
day of the Interest Period therefor as a result of a request by the Borrower pursuant to Section 11.16; 
 including any loss of
anticipated profits and any loss or expense arising from the liquidation or reemployment of funds obtained by it to maintain such Loan or from fees payable to terminate the deposits from which such funds were obtained. The Borrower shall also pay
any customary administrative fees charged by such Lender in connection with the foregoing. 
 For purposes of calculating
amounts payable by the Borrower to the Lenders under this Section 3.05, each Lender shall be deemed to have funded each Eurodollar Rate Loan made by it at the Eurodollar Rate for such Loan by a matching deposit or other borrowing in the
London interbank eurodollar market for a comparable amount and for a comparable period, whether or not such Eurodollar Rate Loan was in fact so funded. 
 Section 3.06. Matters Applicable to all Requests for Compensation. 

(a) A certificate of the Administrative Agent or any Lender claiming compensation under this Article 3 and setting forth the additional
amount or amounts to be paid to it hereunder shall be conclusive in the absence of manifest error. In determining such amount, the Administrative Agent or such Lender may use any reasonable averaging and attribution methods. 

(b) Upon any Lender’s making a claim for compensation under Section 3.01 or 3.04, the Borrower may replace such
Lender in accordance with Section 11.16. 
 Section 3.07. Obligation to Mitigate. Each Lender agrees
that, if such Lender shall request any compensation under any of Section 3.01, 3.02 or 3.04, such Lender shall use reasonable efforts to make, issue, fund or maintain its Loans through another Lending Office of such Lender,
if in the judgment of such Lender doing so would eliminate or reduce the amounts of any such payments and would not otherwise be disadvantageous to such Lender, but only so long as the Borrower shall pay all incremental expenses incurred by such
Lender as a result of utilizing such other Lending Office. A certificate as to the amount of any expenses payable by the Borrower pursuant to this Section 3.07 (setting forth in reasonable detail the bases for requesting such amount)
submitted by such Lender to the Borrower (with a copy to Administrative Agent) shall be conclusive absent manifest error. 

  
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 Section 3.08. Survival. All of the Borrower’s obligations under this
Article 3 shall survive termination of the Aggregate Commitments and repayment of all other Obligations hereunder. 
 ARTICLE 4

 CONDITIONS PRECEDENT 
 Section 4.01. Conditions of Initial Effectiveness. The effectiveness of this Agreement is subject to the satisfaction of the following conditions precedent (the date on which such conditions
having been satisfied being referred to herein as the “Execution Date”): 
 (a) The Administrative Agent’s
receipt of the following, each of which shall be originals or copies (followed promptly by originals) unless otherwise specified, each properly executed by a Responsible Officer of the signing Loan Party, each dated the Execution Date (or, in the
case of certificates of governmental officials, a recent date before the Execution Date) and each in form and substance reasonably satisfactory to the Administrative Agent and its legal counsel: 

(i) executed counterparts of this Agreement, sufficient in number for distribution to the Administrative Agent, each
Lender and the Borrower; 
 (ii) the Fee Letter and the Intercreditor Agreement, each duly executed by all
parties thereto; 
 (iii) an executed Execution Date Certificate, together with all attachments thereto,
including, without limitation, (A) draft copies of the Exchange Offer Documentation as of the Execution Date, all of which shall be in form and substance satisfactory to the Administrative Agent and approved by the Administrative Agent as of
the Execution Date, (B) a draft copy of the Reorganization Plan in form and substance satisfactory to the Administrative Agent and approved by the Administrative Agent as of the Execution Date, and (C) the Restructuring Support Agreement
and the Backstop Agreement, each of which shall be in full force and effect and shall not have been amended or modified in any manner that is materially adverse to the rights or interests of any or all of the Administrative Agent and the Lenders (as
determined in good faith by the Administrative Agent) (it being acknowledged that the Restructuring Support Agreement and the Backstop Agreement (in each case without giving effect to any amendments, modifications or supplements thereto) are
acceptable to the Administrative Agent); 
 (iv) the Historical Financial Statements and a pro forma consolidated
balance sheet of the Borrower dated as of the Funding Date (as such date is contemplated on the Execution Date) calculated after giving effect to the Transaction; 

(v) such certificates of resolutions or other action, incumbency certificates and/or other certificates of Responsible
Officers of the Borrower and Holdings evidencing the identity, authority and capacity of each Responsible Officer thereof authorized to act as a Responsible Officer in connection with this Agreement and the other Loan Documents to which such Loan
Party is a party; 

  
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 (vi) such documents and certifications as the Administrative Agent may
reasonably require to evidence that the Borrower and Holdings are duly organized or formed, and that both the Borrower and Holdings are validly existing, in good standing and qualified to engage in business in the jurisdictions of its organization
or formation listed opposite its name on Schedule 4.02(b); 
 (vii) executed copies of the favorable
customary written opinions of (A) Kirkland & Ellis LLP, counsel to the Borrower and the Loan Parties, and (B) Pepper Hamilton LLP, special Pennsylvania counsel to the Borrower and the Loan Parties, in each case covering such
matters concerning the Borrower and the Loan Parties and the Loan Documents as the Administrative Agent may reasonably request, dated as of the Execution Date and otherwise in form and substance reasonably satisfactory to the Administrative Agent
(and the Borrower and Holdings hereby instruct such counsel to deliver such opinions to the Administrative Agent and the Lenders); and 
 (viii) a copy certified by a Responsible Officer of the Borrower of the Replacement Term Loan Agreement and all schedules and exhibits thereto, together with reasonably satisfactory evidence of its
simultaneous effectiveness in accordance with its terms. The terms, conditions and provisions of the Replacement Term Loan Agreement, including, without limitation, the definition and calculation of “Consolidated Excess Cash Flow” and its
component definitions contained therein, shall be reasonably satisfactory to the Administrative Agent. 
 (b) The Borrower shall
have paid all fees, charges and disbursements of counsel to the Administrative Agent (directly to such counsel if requested by the Administrative Agent) to the extent reimbursable under the Fee Letter or other Loan Documents and invoiced prior to or
on the Execution Date. 
 (c) The representations and warranties of Holdings and the Borrower contained in Article 5 or any
other Loan Document executed on the Execution Date, shall be true and correct in all material respects (without duplication of any materiality standard set forth in any such representation or warranty) on and as of the Execution Date. 

(d) The organizational structure and capital structure of Holdings and its Subsidiaries shall be as set forth on Schedule 5.13(a).

 (e) Each Loan Party shall have obtained all governmental authorizations and all consents of other Persons, in each case that
are necessary in connection with the transactions contemplated by the Loan Documents on the Execution Date and each of the foregoing shall be in full force and effect and in form and substance reasonably satisfactory to the Administrative Agent and
the Lenders. 
 (f) There shall not exist any action, suit, investigation, litigation, proceeding, hearing or other legal or
regulatory developments, pending or threatened in any court or before any arbitrator or Governmental Authority that, in the reasonable opinion of the Administrative Agent and the Lenders, singly or in the aggregate, materially impairs the
transactions contemplated by the Loan Documents, or that would reasonably be expected to have a Material Adverse Effect. 

  
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 (g) As of the Execution Date, no event shall have occurred and be continuing or would result
from the execution and delivery of this Agreement that would constitute an Event of Default or a Default. 
 Section 4.02.
Conditions to the Initial Credit Extension and Funding Date. The obligation of each Lender and, if applicable, each Issuing Bank, to fund the initial Credit Extension requested to be made by it on the Funding Date (and the occurrence of the
Funding Date) is subject to satisfaction of the following conditions precedent: 
 (a) Restructuring Matters. 

(i) Bankruptcy Matters. If the Chapter 11 Cases have commenced, then: 

(A) (x) on or before the forty-fifth (45th) day after the Petition Date, the Bankruptcy Court shall have entered,
upon the Approval Motion, on such prior notice as may be reasonably satisfactory to the Administrative Agent, a final order, in substantially the form of the Interim Approval Order with only such modifications as are satisfactory in form and
substance to the Administrative Agent in its sole discretion, that, among other things, on a final basis (1) approves, and authorizes the Debtors to perform all obligations under the Loan Documents, solely to the extent such obligations arise
prior to the Funding Date and to assume the Commitment Letter and Fee Letter and perform all obligations thereunder, (2) approves and authorizes the incurrence and payment by the Debtors of related fees, interest, indemnities and expenses in
connection therewith, and (3) grants the Administrative Agent and the Lenders (I) superpriority administrative claims with respect to the Obligations arising prior to the Funding Date, and (II) other customary benefits and protections for
a financing of this type (the “Final Approval Order”); (y) the Final Approval Order shall be in full force and effect and shall not have been stayed, reversed or vacated, or, without the prior written consent of the
Administrative Agent and the Required Lenders, otherwise amended or modified in any manner that is materially adverse to the rights or interests of any or all of the Administrative Agent and Lenders, as determined in good faith by the Administrative
Agent (it being understood and agreed that any amendment or modification to the priority of the administrative claims set forth in the Final Approval Order shall be deemed to be a modification that is materially adverse to the rights and
interests of the Administrative Agent and the Lenders for purposes hereof); and (z) the Bankruptcy Court shall not have entered any order (including any order approving any debtor-in-possession financing or cash collateral arrangement) that
conflicts with or is inconsistent with any of the provisions of the Final Approval Order in any material respect; and 
 (B) (w) the Bankruptcy Court shall have entered a final order in form and substance reasonably satisfactory to the Administrative Agent (the “Confirmation Order”) confirming the
Reorganization Plan for the Debtors; (x) the Confirmation Order shall approve the funding hereunder and all other transactions contemplated hereby, shall be in full force and effect, shall not have been stayed by the Bankruptcy Court or by any
other court having jurisdiction to 

  
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issue any such stay, and the time to appeal the Confirmation Order to seek review, rehearing or certiorari with respect to the Confirmation Order shall have expired, and shall not have been
stayed, reversed or vacated, or otherwise amended or modified in any manner that is materially adverse to the rights or interests of any or all of the Administrative Agent and Lenders (as determined in good faith by the Administrative Agent) unless
the Administrative Agent and the Required Lenders have so consented in writing; (y) all documents and agreements relating to the Reorganization Plan or the consummation thereof (collectively, the “Plan Documents”) shall be in
form and substance consistent with this Agreement and the Restructuring Support Agreement and otherwise reasonably satisfactory to the Administrative Agent, and no provision of the Reorganization Plan or any Plan Document shall have been waived,
amended, supplemented or otherwise modified in any respect that is materially adverse to the rights and interest of any or all of the Administrative Agent and the Lenders (as determined in good faith by the Administrative Agent); (z) all
conditions precedent to the effectiveness of the Reorganization Plan (other than (1) the occurrence of the Plan Effective Date and any other conditions that are to be satisfied simultaneously with the occurrence of the Plan Effective Date and
(2) any other conditions precedent that are waived in accordance with the terms of the Reorganization Plan and do not materially adversely affect the rights and interest of any or all of the Administrative Agent and the Lenders (as determined
in good faith by the Administrative Agent)) shall have been satisfied, and the Reorganization Plan shall have, or contemporaneously with the funding of the Loans the Reorganization Plan shall, become effective, and all transactions contemplated by
the Reorganization Plan to be consummated on the Plan Effective Date of the Reorganization Plan (other than any transactions that do not materially adversely affect the rights and interest of any or all of the Administrative Agent and the Lenders
(as determined in good faith by the Administrative Agent)) shall have been substantially consummated. Except as consented to by the Administrative Agent, the Bankruptcy Court’s retention of jurisdiction under the Confirmation Order shall not
govern the enforcement of the Loan Documents or Security Documents from and after the Funding Date, or any rights or remedies relating thereto. 
 (ii) Exchange Offer Matters. If the Borrower shall have obtained the necessary consents to consummate the Exchange Offer and intends to consummate the Exchange Offer on the Funding Date:

 (A) all Exchange Offer Documentation (to the extent different from the relevant forms (or executed versions,
as the case may be) of such Exchange Offer Documentation attached to the Execution Date Certificate and approved by the Administrative Agent on the Execution Date) shall be in form and substance consistent with this Agreement and the Restructuring
Support Agreement and otherwise reasonably satisfactory to the Administrative Agent, and no provision of the Exchange Offer Documentation, the Restructuring Support Agreement or the Backstop Agreement shall have been waived, amended, supplemented or
otherwise modified after the Execution Date in any respect that is materially adverse to the rights and interest of any or all of the Administrative Agent and the 

  
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Lenders (as determined in good faith by the Administrative Agent); provided that neither (1) a reduction of the Minimum Tender Consideration (as defined in the Exchange Offering
Memorandum) by an aggregate principal amount not to exceed the amount set forth on Schedule 4.02(a) (such reduction, a “Permitted Waiver”), nor (2) the payment on account of the Reliable Notes described in
Section 7.06(g), will be deemed to be materially adverse to the rights and interest of any or all of the Administrative Agent and the Lenders; and 
 (B) subject to the Permitted Waiver, all conditions precedent to the effectiveness of the Restructuring (other than (i) the occurrence of the Funding Date and any other conditions that are to be
satisfied simultaneously with the occurrence of the Funding Date and (ii) any other conditions precedent that are waived in accordance with the terms of the Exchange Offer Documentation and do not materially adversely affect the rights and
interest of any or all of the Administrative Agent and the Lenders (as determined in good faith by the Administrative Agent)) shall have been satisfied, and the Restructuring shall have, or contemporaneously with the funding of the Loans the
Restructuring shall, become effective, and all transactions contemplated by the Exchange Offer Documentation to be consummated on the Funding Date (other than any transactions that do not materially adversely affect the rights and interest of any or
all of the Administrative Agent and the Lenders (as determined in good faith by the Administrative Agent)) shall have been substantially consummated. 
 (b) The Administrative Agent’s receipt of the following, each of which shall be originals or copies (followed promptly by originals) unless otherwise specified, each properly executed by a
Responsible Officer of the signing Loan Party, each dated the Funding Date (or, in the case of certificates of governmental officials, a recent date before the Funding Date) and each in form and substance reasonably satisfactory to the
Administrative Agent and its legal counsel: 
 (i) to the extent not previously delivered on or prior to the
Execution Date, the Loan Documents duly executed by each of the parties thereto; 
 (ii) a Note executed by the
Borrower in favor of each Lender requesting a Note hereunder; 
 (iii) such certificates of resolutions or other
action, incumbency certificates and/or other certificates of Responsible Officers of each Loan Party as the Administrative Agent may require evidencing the identity, authority and capacity of each Responsible Officer thereof authorized to act as a
Responsible Officer in connection with this Agreement and the other Loan Documents to which such Loan Party is a party; 
 (iv) such documents and certifications as the Administrative Agent may reasonably require to evidence that each Loan Party is duly organized or formed, and that each of the Borrower and the Guarantors is
validly existing, in good standing and qualified to engage in business in the jurisdictions of its organization or formation listed opposite its name on Schedule 4.02(b); 

  
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 (v) executed copies of the favorable customary written opinions of
(A) Kirkland & Ellis LLP, counsel to the Loan Parties and (B) Pepper Hamilton LLP, special Pennsylvania counsel to the Loan Parties, in each case covering such matters concerning the Loan Parties and the Loan Documents as the
Administrative Agent may reasonably request, dated as of the Funding Date and otherwise in form and substance reasonably satisfactory to the Administrative Agent (and each Loan Party hereby instructs such counsel to deliver such opinions to the
Administrative Agent and the Lenders); 
 (vi) a certificate signed by a Responsible Officer of each Loan Party
either (A) attaching copies of all government, shareholder and third party consents, licenses and approvals (x) reasonably necessary to consummate the Restructuring (except to the extent failure to obtain such consents, licenses and
approvals could not reasonably be expected to result in a Material Adverse Effect) and (y) required in connection with the execution, delivery and performance by such Loan Party and the validity against such Loan Party of the Loan Documents to
which it is a party, and such consents, licenses and approvals shall be in full force and effect, or (B) stating that no such consents, licenses or approvals are so required; 

(vii) a certificate signed by a Responsible Officer of the Borrower certifying (A) that the conditions specified in
Section 4.02(i), (m), (n), (o), (p), (t) and (y) have been satisfied; and (B) that there has been no event or circumstance since October 2, 2010 that has had or would be
reasonably expected to have, either individually or in the aggregate, a Material Adverse Effect, it being understood that the failure to make any payments with respect to outstanding Indebtedness of Holdings, the Borrower and its Subsidiaries, the
commencement and prosecution of the Chapter 11 Cases and/or the ancillary proceedings in Canada and the Restructuring (and the potential effects of the announcement of the Restructuring) shall not be deemed, individually or in the aggregate, to
constitute such a Material Adverse Effect; 
 (viii) a certificate signed by the chief financial officer of
Holdings certifying as to the Solvency of each Loan Party (after consummation of the Transaction (including, without limitation, the terms and provisions of the Reorganization Plan and the Confirmation Order) and giving effect to any rights of
contribution and indemnification among the Loan Parties and their Subsidiaries); 
 (ix) a Borrowing Base
Certificate, dated as of the Funding Date, certified by a Responsible Officer that is a financial officer of the Borrower confirming that the Excess Availability on the Funding Date, after giving effect to all Credit Extensions to occur on such
date, is greater than the Excess Availability Requirement; 
 (x) a Borrowing Request with respect to the
Borrowing of Loans to be made on the Funding Date, together with a duly executed letter of direction from the Borrower addressed to the Administrative Agent directing the disbursement on the Funding Date of the proceeds of the Loans made on such
date; 
 (xi) evidence that the Existing Indebtedness has been or concurrently with the Funding Date is being
paid in full in cash (or in the case of letters of credit, converted 

  
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into Letters of Credit) and all commitments thereunder have been or concurrently with the Funding Date are being terminated (other than Indebtedness under the Senior Subordinated Notes to the
extent permitted by Section 7.03(s)), or converted into Equity Interests in Holdings (or, if applicable, SuperHoldings) or otherwise cancelled, and all Liens securing obligations under the Existing Indebtedness have been or concurrently
with the Funding Date are being released; provided, however, that the aggregate amount paid by Holdings and its Subsidiaries in satisfaction of all Indebtedness under the Reliable Notes shall not exceed the amount set forth in
Section 7.06(g) hereof; and 
 (xii) such other assurances, certificates, documents, consents or
opinions as the Administrative Agent or the Required Lenders reasonably may require (and in any case not inconsistent with the limitations on the Loan Parties’ obligations otherwise set forth herein). 

(c) All fees required to be paid to the Administrative Agent on or before the Funding Date, including any such fees that are payable
pursuant to the Fee Letter, shall have been paid, and the Borrower shall have complied with all of the terms of the Fee Letter. All accrued fees and expenses of the Administrative Agent and the Lenders (including the fees and expenses of counsel for
the Administrative Agent to the extent invoiced and reasonably documented to the Borrower at least one Business Day prior to the Funding Date) to the extent reimbursable on or prior to the Funding Date to the Administrative Agent and the Lenders
hereunder, under the Fee Letter or under the other Loan Documents shall have been paid. 
 (d) The Collateral and Guarantee
Requirement shall have been satisfied and (i) the Administrative Agent shall have received a completed Perfection Certificate for each Loan Party dated the Funding Date and signed by a Responsible Officer of such Loan Party, together with all
attachments contemplated thereby, including the results of a search of the UCC (or equivalent) filings made with respect to such Loan Party in the jurisdictions contemplated by the Perfection Certificate and copies of the financing statements (or
similar documents) disclosed by such search and evidence reasonably satisfactory to the Administrative Agent that the Liens indicated by such financing statements (or similar documents) are permitted by Section 7.01 or have been released
and (ii) all filing and recording fees and taxes required to satisfy the Collateral and Guarantee Requirement shall have been paid. 
 (e) The Administrative Agent shall have received reasonably satisfactory evidence that not less than 51% of the Equity Interests and any other economic interests (“ownership interests”)
on a fully diluted basis in Holdings shall be owned (directly or indirectly) by the Back Stop Parties and their respective Affiliates, all ownership interests in the Borrower shall be owned by Holdings and all ownership interests in the
Borrower’s Subsidiaries shall be owned by the Borrower or one or more of the Borrower’s Subsidiaries, in each case free and clear of any Lien other than Liens permitted by Section 7.01. 

(f) The Administrative Agent shall have received copies of any amendments, waivers, modifications or other supplements to the Replacement
Term Loan Facility, certified by a Responsible Officer of the Borrower as true, complete and correct. 

  
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 (g) (i) All of the information, taken as a whole, disclosed to the Administrative Agent and
the Lenders shall have been complete and correct in all material respects and all of the projections contained in the Pre-Commitment Information delivered to the Administrative Agent and the Lenders shall have been prepared in good faith based upon
assumptions believed to be reasonable at the time of preparation thereof, it being understood and agreed that (x) any such financial projections are subject to significant uncertainties and contingencies which are beyond the Borrower’s
control, (y) no assurance is given by the Borrower that the results forecast in any projections will be realized, and (z) such projections are not a guarantee of financial performance and actual results may significantly differ from
financial projections and such differences may be material; and (ii) there shall have been no change, occurrence, development or situation since October 2, 2010 that either individually or in the aggregate would reasonably be expected to
have a Material Adverse Effect, it being understood that the failure to make any payments with respect to outstanding Indebtedness of Holdings, the Borrower and its Subsidiaries, the commencement and prosecution of the Chapter 11 Cases and/or the
ancillary proceedings in Canada and the Restructuring (and the potential effects of the announcement of the Restructuring) shall not be deemed, individually or in the aggregate, to constitute such a Material Adverse Effect. 

(h) The Administrative Agent shall be reasonably satisfied with the amount, types and terms and conditions of all insurance maintained by
the Borrower and the Subsidiaries, and the Lenders shall have received endorsements naming the Administrative Agent, on behalf of the Lenders, as an additional insured or loss payee, as the case may be, under all insurance policies to be maintained
with respect to the properties of the Borrower and the Subsidiaries forming part of the Collateral. 
 (i) There shall not exist
any action, suit, investigation, litigation or proceeding pending or, to the knowledge of Holdings or the Borrower, threatened, in any court or before any arbitrator or Governmental Authority that could reasonably be expected to have a Material
Adverse Effect. 
 (j) All loans made by the Lenders to the Borrower or any of its affiliates shall be in full compliance with
the Regulations U and X issued by the FRB. 
 (k) The Funding Date shall have occurred on or before June 30, 2011.

 (l) The Administrative Agent shall have completed, to its reasonable satisfaction (it being understood that
“satisfactory completion” refers to the ability of Bank to complete its examination and does not require that such examination result in any specified borrowing base amount), (i) a commercial finance field exam, conducted by the
Administrative Agent or a third party selected by the Administrative Agent, with respect to the relevant Collateral to be included in the Borrowing Base and the accounting systems, policies, accounts payable and procedures of the Borrower (it being
understood that Collateral examinations already in possession of the Administrative Agent shall be deemed to satisfy this requirement so long as such Collateral examination was completed within 120 days prior to the Funding Date) and (ii) an
appraisal of the Net Orderly Liquidation Value of the Borrower’s and its Subsidiaries’ Inventory (it being understood that appraisals of the Borrower’s and its Subsidiaries’ Inventory in the Administrative Agent’s possession
prior to the Funding Date shall be deemed to satisfy this requirement so long as such appraisal was completed within six months prior to the Funding Date). 

  
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 (m) The representations and warranties of Holdings, the Borrower and each other Loan Party
contained in Article 5 or any other Loan Document, or which are contained in any document furnished at any time under or in connection herewith or therewith, shall be true and correct in all material respects (without duplication of any materiality
standard set forth in any such representation or warranty) on and as of the Funding Date, except to the extent that such representations and warranties refer to an earlier date, in which case such representations and warranties shall have been true
and correct in all material respects (without duplication of any materiality standard set forth in any such representation or warranty) on and as of such earlier date. 
 (n) No Default shall exist, or would result from such proposed Credit Extension or Extensions. 
 (o) After giving effect to the Transaction, Consolidated Funded Indebtedness shall not exceed $175,000,000 and Holdings and its Subsidiaries shall have no Indebtedness or preferred Equity Interests issued
or outstanding other than the Replacement Term Loan Facility, the Loans and Indebtedness permitted under Section 7.03 hereof. 
 (p) Excess Availability on the Funding Date shall be at least $25,000,000 (after giving effect to the consummation of the Transaction). 

(q) The Administrative Agent shall have received, each in form and substance reasonably satisfactory to the Administrative Agent,
(i) a pro forma consolidated balance sheet of the Borrower dated as of the Funding Date calculated after giving effect to the Transaction, (ii) financial projections of the Borrower and its Subsidiaries (which projections shall include a
balance sheet, income statement, statement of cash flows and analysis of Excess Availability), calculated after giving effect to the Transaction, and (iii) interim monthly consolidated financial statements for the Borrower and its Subsidiaries
for each month ending after the most recently ended fiscal year and more than 30 days prior to the Funding Date. 
 (r) The
Administrative Agent shall have received reasonably satisfactory evidence of the simultaneous consummation of the Restructuring in accordance with its terms. The terms, conditions and provisions of the Restructuring Documentation shall be
substantially consistent with the terms of the Restructuring set forth in the Commitment Letter and otherwise reasonably satisfactory to the Administrative Agent and the Borrower. The Administrative Agent shall have received copies of the
Restructuring Documentation (including, without limitation, any legal opinions issued by counsel to the Borrower to counterparties in connection with the Restructuring), certified by a Responsible Officer of the Borrower as true, complete and
correct. 
 (s) The maturity date of the Replacement Term Loan Facility and any other Indebtedness incurred by any Loan Party or
any of its Subsidiaries in connection with the Transaction (other than the Indebtedness incurred hereunder or pursuant to the Loan Documents) shall be no earlier than six months after the Revolving Maturity Date. The aggregate required scheduled
amortization of any such Indebtedness shall not be greater than $3,000,000 during any fiscal year of the Borrower (excluding, for the avoidance of doubt, any excess cash flow prepayments required under the documentation evidencing such
Indebtedness). 

  
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 (t) Neither Holdings, the Borrower nor any Subsidiary shall be subject to any proceeding
under the Bankruptcy and Insolvency Act (Canada), the Companies’ Creditors Arrangement Act (Canada), the Winding-up Act (Canada) or any other bankruptcy or insolvency statute applicable to it. Neither Holdings, the Borrower nor any Subsidiary
shall have made an assignment in favor of its creditors, or shall have appointed with respect to it or its properties, a trustee, receiver, liquidator, custodian, conservator or sequestrator under the provisions of any applicable law contemplating
reorganizations, proposals, rectifications, compromises or liquidations in connection with insolvent Persons in any jurisdiction whatsoever. 
 (u) The Borrowing Request submitted by the Borrower on the Funding Date shall be deemed to be a representation and warranty that the conditions specified in Sections 4.02(m) and
(n) have been satisfied on and as of such date. 
 (v) (i) Holdings shall have received net proceeds of the Rights
Offering as contemplated by the Restructuring Documentation (or, if applicable, SuperHoldings shall have received such net proceeds and contributed them in cash to the capital of Holdings or in cash in exchange for Equity Interests of Holdings), and
Holdings shall have further contributed the same to the Borrower as cash in exchange for or on account of Equity Interests in the Borrower, the gross amount of which shall be $60,000,000 (the “Equity Proceeds”), (ii) the
Replacement Term Loan Facility, the terms and provisions of which shall be reasonably acceptable to the Administrative Agent, shall have been made available to the Borrower and its Subsidiaries, it being understood and agreed that the terms and
provisions of the Replacement Term Loan Facility (including all schedules and exhibits thereto), as entered into on the date hereof are acceptable, (iii) simultaneous with the making of the Loans, the Equity Proceeds, cash on hand and proceeds
of the Term Loans shall be used to repay in full, satisfy and discharge all of the Existing Term Loan Indebtedness other than the Backstop First Lien Indebtedness, which shall be converted to common Equity Interests of Holdings or, if applicable,
SuperHoldings, (iv) all commitments relating to the Existing Term Loan Indebtedness shall have been terminated and all liens or security interests related thereto shall have been terminated or released; and (v) all of the Senior
Subordinated Notes and all of the Backstop First Lien Indebtedness shall have been converted into common Equity Interests of Holdings or, if applicable, SuperHoldings, subject to the Permitted Waiver and, so long as the Exchange Offer is
consummated, except to the extent not tendered in the Exchange Offer. 
 (w) To the extent not provided on or prior to the
Funding Date, the Administrative Agent and the Lenders shall each have received a certificate of a Responsible Officer of Holdings attaching fully executed or conformed copies of each Related Agreement (subject to applicable confidentiality
restrictions with respect to fee arrangements) and any material documents executed in connection therewith and certifying that such documents are true, correct and complete. Each Related Agreement shall be in full force and effect and shall (with
respect to each such Related Agreement not delivered to the Administrative Agent or the Lenders prior to the Funding Date) include terms and provisions reasonably satisfactory to the Administrative Agent, and no provision of any Related Agreement
shall, subject to the Permitted Waiver, have been modified or waived in any respect determined by the Administrative Agent to be adverse to 

  
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the interests of the Lenders, in each case without the consent of the Administrative Agent, and the transactions contemplated by the Related Agreements to be consummated on the Funding Date shall
have been consummated or shall be consummated substantially concurrently with the funding of the Loans (other than any transactions that do not adversely affect the rights and interest of any or all of the Administrative Agent and the Lenders (as
determined in good faith by the Administrative Agent)). 
 (x) In order to create in favor of the Administrative Agent, for the
benefit of the Secured Parties, a valid and, subject to any filing and/or recording referred to herein, perfected security interest in the owned Real Estate Assets listed in Schedule 5.08, the Administrative Agent shall have received from the
Borrower and each applicable Guarantor: 
 (i) fully executed and notarized Mortgages, in proper form for
recording in all appropriate places in all applicable jurisdictions, encumbering each owned Real Estate Asset listed in Schedule 5.08 to the extent subject to a mortgage under the Replacement Term Loan Facility on the Funding Date (each, a
“Funding Date Mortgaged Property”); 
 (ii) a customary opinion of counsel (which counsel shall
be reasonably satisfactory to the Administrative Agent) in each state in which a Funding Date Mortgaged Property is located with respect to the enforceability of the form(s) of Mortgages to be recorded in such state and such other matters as the
Administrative Agent may reasonably request, in each case in form and substance reasonably satisfactory to the Administrative Agent; 
 (iii) (A) ALTA mortgagee title insurance policies or unconditional commitments therefor issued by one or more title companies reasonably satisfactory to the Administrative Agent with respect to each
Funding Date Mortgaged Property (each, a “Title Policy”), in amounts not less than the fair market value of each Funding Date Mortgaged Property, together with a title report issued by a title company with respect thereto, dated not
more than thirty (30) days prior to the Funding Date and copies of all recorded documents listed as exceptions to title or otherwise referred to therein, each in form and substance reasonably satisfactory to the Administrative Agent and
(B) evidence satisfactory to the Administrative Agent that such Loan Party has paid to the title company or to the appropriate governmental authorities all expenses and premiums of the title company and all other sums required in connection
with the issuance of each Title Policy and all recording and stamp taxes (including mortgage recording and intangible taxes) payable in connection with recording the Mortgages for each Funding Date Mortgaged Property in the appropriate real estate
records; 
 (iv) flood certifications with respect to all Funding Date Mortgaged Properties and evidence of flood
insurance with respect to each Flood Hazard Property that is located in a community that participates in the National Flood Insurance Program, in each case in compliance with any applicable regulations of the Board of Governors, in form and
substance reasonably satisfactory to the Administrative Agent; and 

  
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 (v) ALTA surveys of all Funding Date Mortgaged Properties, certified to the
Administrative Agent and dated not more than sixty days prior to the Funding Date (or such earlier date that the applicable title company may permit and still provide a survey endorsement to each Title Policy reasonably acceptable to the
Administrative Agent). 
 (y) Compliance with Certain Negative Covenants from the Execution Date. Since the Execution
Date, no event shall have occurred that would have resulted in any Loan Party being in breach of the covenants contained in Sections 7.02, 7.04, 7.05, 7.06, 7.08 or 7.13 as if such covenants were in effect
from and after the Execution Date (unless such breach would have subsequently been cured prior to the Funding Date, if such covenants had been in effect). 
 Section 4.03. Conditions to All Credit Extensions. The obligation of each Lender and each Issuing Bank to make any Credit Extension (including the initial Credit Extension) shall be subject
to, and to the satisfaction (or waiver) of, each of the conditions precedent set forth below. 
 (a) The Administrative Agent
shall have received a Borrowing Request as required by Section 2.03 (or such notice shall have been deemed given in accordance with Section 2.03) if Loans are being requested or, in the case of the issuance, amendment,
extension or renewal of a Letter of Credit, the Issuing Bank and the Administrative Agent shall have received a notice requesting the issuance, amendment, extension or renewal of such Letter of Credit as required by Section 2.13(b) or,
in the case of the Borrowing of a Swingline Loan, the Swingline Lender and the Administrative Agent shall have received a notice requesting such Swingline Loan as required by Section 2.12(b). 

(b) The Borrower and each other Loan Party shall be in compliance in all material respects with all the terms and provisions set forth
herein and in each other Loan Document on its part to be observed or performed, and, at the time of and immediately after such Credit Extension, no Default shall have occurred and be continuing on such date or after giving effect to the Credit
Extension requested to be made on such date. 
 (c) Each of the representations and warranties made by any Loan Party set forth
in Article 5 hereof or in any other Loan Document shall be true and correct in all material respects (without duplication of any materiality standard set forth in any such representation or warranty) on and as of the date of such Credit Extension
with the same effect as though made on and as of such date, except to the extent such representations and warranties expressly relate to an earlier date, in which case such representations and warranties shall be true and correct in all material
respects as of such date (without duplication of any materiality standard set forth in any such representation or warranty). 

(d) No order, judgment or decree of any Governmental Authority shall purport to restrain any Lender from making any Loans to be made by
it. No injunction or other restraining order shall have been issued or shall be pending with respect to any action, suit or proceeding seeking to enjoin or otherwise prevent the making of Loans hereunder. 

Each of the delivery of a Borrowing Request or notice requesting the issuance, amendment, extension or renewal of a Letter of Credit and
the acceptance by the Borrower of the proceeds of such Credit Extension shall constitute a representation and warranty by the Borrower 

  
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and each other Loan Party that on the date of such Credit Extension (both immediately before and after giving effect to such Credit Extension and the application of the proceeds thereof) the
conditions contained in this Section 4.03 have been satisfied. The conditions set forth in this Section 4.03 are for the sole benefit of the Administrative Agent and each Lender and may be waived by the Administrative Agent
and the Required Lenders, in whole or in part, without prejudice to the rights of the Administrative Agent or any Lender. 

ARTICLE 5 

REPRESENTATIONS AND WARRANTIES 
 Each of Holdings and the Borrower represents and warrants to the Administrative Agent and the Lenders, on the Execution Date, the Funding Date and each other date specified herein, that the following
statements are true and correct (it being understood and agreed that the representations and warranties made on the Funding Date are deemed to be made concurrently with the consummation of the Restructuring): 

Section 5.01. Existence, Qualification and Power; Compliance with Laws. Each Loan Party (a) is a corporation,
partnership or limited liability company duly organized or formed, validly existing and in good standing under the Laws of the jurisdiction of its incorporation or organization, (b) has all requisite power and authority and all requisite
governmental licenses, authorizations, consents and approvals to (i) own its assets and carry on its business and (ii) execute, deliver and perform its obligations under the Loan Documents to which it is a party, and (c) is duly
qualified and is licensed and in good standing under the Laws of each jurisdiction where its ownership, lease or operation of properties or the conduct of its business requires such qualification or license; except in each case referred to in clause
(a), (b)(i), or (c), to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect; provided that this exception does not apply to clause (a) insofar as it relates to valid existence. 

Section 5.02. Authorization; No Contravention. (a) On the Execution Date (subject to entry by the Bankruptcy Court of
the Interim Approval Order, if the Chapter 11 Cases have commenced), and (b) on the Funding Date (upon entry by the Bankruptcy Court of the Confirmation Order, if the Chapter 11 Cases have commenced) and on each date thereafter on which
Holdings and the Borrower are required to make the representations and warranties hereunder as specified in this Agreement, in each case, the execution, delivery and performance, on such date, by each Loan Party of each Loan Document to which such
Person is party, have been duly authorized by all necessary corporate or other organizational action, and do not and will not (i) contravene the terms of any of such Person’s Organization Documents; (ii) conflict with or result in any
breach or contravention of, or the creation of any Lien under (other than any Transaction Liens created under any of the Loan Documents in favor of the Administrative Agent, on behalf of the Secured Parties, and the Replacement Term Loan Facility
Liens), (A) any Contractual Obligation to which such Person is a party or affecting such Person or the properties of such Person or any of its Subsidiaries or (B) any order, injunction, writ or decree of any Governmental Authority or any
arbitral award to which such Person or its property is subject; (iii) violate any Law, except to the extent any contraventions, conflicts and violations described in clauses (ii) or (iii) (but excluding from this exception any such
contraventions, conflicts or violations under any instrument or agreement relating to any public Indebtedness) individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect; or
(iv)

  
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require (A) any approval of stockholders, members or partners or (B) any approval or consent of any Person under any Contractual Obligation of Holdings or any of its Subsidiaries,
except for such approvals or consents which will be obtained on or before the Execution Date or Funding Date, as applicable, and disclosed in writing to Lenders or, in the case of clause (B), the failure of which to obtain would not
reasonably be expected to have a Material Adverse Effect. No Loan Party or any of its Subsidiaries is in violation of any Law or in breach of any such Contractual Obligation, the violation or breach of which could be reasonably likely to have a
Material Adverse Effect. 
 Section 5.03. Governmental Authorization; Other Consents. (a) On the Execution Date
(subject to entry by the Bankruptcy Court of the Interim Approval Order, if the Chapter 11 Cases have commenced), and (b) on the Funding Date (subject to entry by the Bankruptcy Court of the Confirmation Order, if the Chapter 11 Cases have
commenced) and on each date thereafter on which Holdings and the Borrower are required to make the representations and warranties hereunder as specified in this Agreement, in each case, no approval, consent, exemption, authorization, or other action
by, or notice to, or filing with, any Governmental Authority or any other Person is necessary or required in connection with the execution, delivery or performance by, or enforcement against, any Loan Party of this Agreement or any other Loan
Document, except for filings and recordings with respect to the Collateral to be made, or otherwise delivered to the Administrative Agent for filing and/or recordation, as of the Funding Date. 

Section 5.04. Binding Effect. (a) On the Execution Date (upon entry by the Bankruptcy Court of the Interim Approval
Order, if the Chapter 11 Cases have commenced), and (b) on the Funding Date (upon entry by the Bankruptcy Court of the Confirmation Order, if the Chapter 11 Cases have commenced), in each case, this Agreement has been, and each other Loan
Document, when delivered hereunder, will have been, duly executed and delivered by each Loan Party that is party thereto. This Agreement constitutes, and each other Loan Document when so delivered will constitute, a legal, valid and binding
obligation of such Loan Party, enforceable against each Loan Party that is party thereto in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium and other similar laws and
equitable principles relating to enforceability or limiting creditors’ rights generally. 
 Section 5.05. Financial
Statements; No Material Adverse Effect. 
 (a) The Audited Financial Statements (i) were prepared in accordance with
GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein; (ii) fairly present in all material respects the financial condition of the Borrower and its Subsidiaries as of the date thereof and
their results of operations for the period covered thereby in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein; and (iii) show all material indebtedness and other
liabilities, direct or contingent, of the Borrower and its Subsidiaries as of the date thereof; including liabilities for taxes, material commitments and Indebtedness. 
 (b) After the Execution Date, the unaudited consolidated balance sheet of the Borrower and its Subsidiaries for the relevant period with respect to financial statements required to be delivered pursuant
to Section 6.01(b) and the related consolidated statements of income or operations, shareholders’ equity and cash flows for the portion of the fiscal year ended on that 

  
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date (i) were prepared in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein, and (ii) fairly present in all
material respects the financial condition of the Borrower and its Subsidiaries as of the date thereof and their results of operations for the period covered thereby, subject, in the case of clauses (i) and (ii), to the absence of footnotes and
to normal year-end audit adjustments. Schedule 5.05(b) sets forth as of the Execution Date and the Funding Date all material indebtedness and other liabilities, direct or contingent, of the Borrower and its consolidated Subsidiaries as of the
date of such financial statements, including liabilities for taxes, material commitments and Indebtedness. 
 (c) The interim
monthly consolidated financial statements for the Borrower and its Subsidiaries for each month ending after the 2010 fiscal year and more than 30 days prior to the Funding Date (i) were prepared in accordance with GAAP consistently applied
throughout the period covered thereby, except as otherwise expressly noted therein, and (ii) fairly present in all material respects the financial condition of the Borrower and its Subsidiaries as of the date thereof and their results of
operations for the period covered thereby, subject, in the case of clauses (i) and (ii), to the absence of footnotes and to normal year-end audit adjustments. 
 (d) Since October 2, 2010, there has been no event or circumstance, either individually or in the aggregate, that has had or could reasonably be expected to have a Material Adverse Effect.

 (e) Except as set forth on Schedule 5.05(e), as of the Execution Date and the Funding Date none of Holdings, the
Borrower and the Subsidiaries have any Off-Balance Sheet Liabilities. 
 (f) The consolidated pro forma balance sheet of the
Borrower and its Subsidiaries dated as of the Funding Date (as such date is contemplated on the Execution Date) and calculated after giving effect to the Transaction, certified by a Responsible Officer that is a financial officer of the Borrower,
copies of which have been furnished to the Administrative Agent pursuant to Section 4.01(a)(iv) were prepared in good faith on the basis of the assumptions stated therein, which assumptions were believed to be reasonable at the time of
preparation thereof, it being understood and agreed that (x) any such financial projections are subject to significant uncertainties and contingencies which are beyond the Borrower’s control, (y) no assurance is given by the Borrower
that the results forecast in any projections will be realized, and (z) such projections are not a guarantee of financial performance and actual results may significantly differ from financial projections and such differences may be material.

 (g) As of the Funding Date, the consolidated forecasted balance sheet and statements of income, cash flows and Excess
Availability analysis of the Borrower and its Subsidiaries, each calculated after giving effect to the Transaction, delivered pursuant to Section 4.02(q) were prepared in good faith on the basis of the assumptions stated therein, which
assumptions were believed to be reasonable at the time of preparation thereof, it being understood and agreed that (x) any such financial projections are subject to significant uncertainties and contingencies which are beyond the
Borrower’s control, (y) no assurance is given by the Borrower that the results forecast in any projections will be realized, and (z) such projections are not a guarantee of financial performance and actual results may significantly
differ from financial projections and such differences may be material. 

  
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 Section 5.06. Litigation. Except to the extent that the Chapter 11 Cases have
commenced, there are no actions, suits, proceedings, claims or disputes pending or, to the knowledge of Holdings and the Borrower, threatened, at law, in equity, in arbitration or before any Governmental Authority, by or against Holdings, the
Borrower or any of the Subsidiaries or against any of their properties or revenues that (a) purport to affect or pertain to this Agreement or any other Loan Document, or any of the transactions contemplated hereby, or (b) either
individually or in the aggregate, if determined adversely, could reasonably be expected to have a Material Adverse Effect. 

Section 5.07. No Default. None of Holdings, the Borrower and the Subsidiaries are in default under or with respect to any
Contractual Obligation (other than, if the Chapter 11 Cases are filed, as a result of the filing of the Chapter 11 Cases (and any payment default directly related to such filing)), that could, either individually or in the aggregate, reasonably be
expected to have a Material Adverse Effect. No Default has occurred and is continuing or would result from the consummation of the transactions contemplated by this Agreement or any other Loan Document. 

Section 5.08. Ownership of Property; Liens. (a) Each of Holdings, the Borrower and its Subsidiaries has (i) good,
sufficient and legal title to (in the case of fee interests in real property), (ii) valid leasehold interests in (in the case of leasehold interests in real or personal property), (iii) valid licensed rights in or, to each of
Holdings’ and its Subsidiaries’ knowledge, other rights to use (in the case of IP Rights not owned by Holdings, the Borrower or any Subsidiary) and (iv) good title to (in the case of all other personal property), all of their
respective properties and assets reflected in their respective financial statements referred to in Section 5.05 and in the most recent financial statements delivered pursuant to Section 6.01, in each case except for assets
disposed of since the date of such financial statements in the ordinary course of business or as otherwise permitted under Section 7.05. All such properties and assets are free and clear of Liens other than Liens permitted by
Section 7.01 and, prior to the Funding Date, any Liens permitted under the Existing Revolving Credit Agreement and the Existing Term Loan Agreement. 
 (b) Schedule 5.08 contains a true, accurate and complete list of (i) all Real Estate Assets, and (ii) all leases, subleases or assignments of leases (together with all amendments,
modifications, supplements, renewals or extensions of any thereof) with respect to each Real Estate Asset of any Loan Party, regardless of whether such Loan Party is the landlord or tenant (whether directly or as an assignee or successor in
interest) under such lease, sublease or assignment. Each agreement listed in clause (ii) of the immediately preceding sentence is in full force and effect and neither Borrower nor Holdings has knowledge of any default that has occurred
and is continuing thereunder, and each such agreement constitutes the legally valid and binding obligation of each applicable Loan Party, enforceable against such Loan Party in accordance with its terms, except as enforcement may be limited by
bankruptcy, insolvency, reorganization, moratorium or similar laws relating to or limiting creditors’ rights generally or by equitable principles and except to the extent any failure of any such agreement to be in full force and effect would
not reasonably be expected to have a Material Adverse Effect. 

  
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 Section 5.09. Environmental Compliance. Each of Holdings, the Borrower and the
Subsidiaries is in compliance in all material respects with the requirements of existing Environmental Laws and there are no claims alleging potential liability or responsibility for violation of any Environmental Law on their respective businesses,
operations and properties, except for any of the foregoing which could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 
 Section 5.10. Insurance. The properties of the Borrower and the Subsidiaries are insured with financially sound and reputable insurance companies reasonably acceptable to the Administrative
Agent and Required Lenders not Affiliates of Holdings or the Borrower, in such amounts, with such deductibles and covering such risks as are customarily carried by companies under similar circumstances. 

Section 5.11. Taxes. Holdings, the Borrower and the Subsidiaries have filed all Federal, state and other material tax returns
and reports required to be filed, and have paid all Federal, state and other material taxes, assessments, fees and other governmental charges levied or imposed upon them or their properties, income or assets otherwise due and payable, except those
which are being contested in good faith by appropriate proceedings diligently conducted and for which adequate reserves have been provided in accordance with GAAP. There is no proposed tax assessment against Holdings, the Borrower or any Subsidiary
that would, if made, have a Material Adverse Effect. None of Holdings or its Subsidiaries (including the Borrower) is party to any tax sharing agreement. 
 Section 5.12. ERISA Compliance. 
 (a) Each Plan is in compliance with
the applicable provisions of ERISA, the Code and other Federal or state Laws, except for non-compliance that could not reasonably be expected to result in a Material Adverse Effect. Except as could not reasonably be expected to have a Material
Adverse Effect, (i) each Pension Plan that is intended to be a qualified plan under Section 401(a) of the Code has received a favorable determination letter from the Internal Revenue Service to the effect that the form of such Plan is
qualified under Section 401(a) of the Code and the trust related thereto has been determined by the Internal Revenue Service to be exempt from federal income tax under Section 501(a) of the Code, or an application for such a letter is
currently being processed by the Internal Revenue Service, and (ii) to the best knowledge of Holdings and the Borrower, nothing has occurred that would prevent or cause the loss of such tax-qualified status. 

(b) There are no pending or, to the best knowledge of Holdings and the Borrower, threatened claims, actions or lawsuits, or action by any
Governmental Authority, with respect to any Plan that could reasonably be expected to have a Material Adverse Effect. There has been no prohibited transaction or violation of the fiduciary responsibility rules with respect to any Plan that has
resulted or could reasonably be expected to result in a Material Adverse Effect. 
 (c) Except as could not reasonably be
expected to result in a liability to Holdings, the Borrower or any of its Subsidiaries, individually or in the aggregate, that exceeds $5,000,000; (i) no ERISA Event has occurred, and neither Holdings nor any ERISA Affiliate is aware of any
fact, event or circumstance that could reasonably be expected to constitute or result in an ERISA 

  
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Event; (ii) Holdings and each ERISA Affiliate has met all applicable requirements under the Pension Funding Rules in respect of each Pension Plan and each Multiemployer Plan, and no waiver
of the minimum funding standards under the Pension Funding Rules has been applied for or obtained with respect to any Pension Plan or Multiemployer Plan; (iii) neither Holdings nor any ERISA Affiliate has incurred any liability to the PBGC
other than for the payment of premiums, and there are no premium payments with respect to any Pension Plan which have become due that are unpaid; (iv) neither Holdings nor any ERISA Affiliate has engaged in a transaction that could reasonably
be expected to be subject to Section 4069 or Section 4212(c) of ERISA; and (v) no Pension Plan has been terminated in a non-standard termination by the plan administrator thereof nor by the PBGC, and no event or circumstance has
occurred or exists that could reasonably be expected to cause the PBGC to institute proceedings under Title IV of ERISA to terminate any Pension Plan. 
 Section 5.13. Subsidiaries; Equity Interests and Ownership. 
 (a) As of
the Execution Date and as of the Funding Date, (i) Holdings has (A) no direct Subsidiaries other than the Borrower and (B) no Equity Interests in any other corporation or entity, and (ii) the Borrower has (A) no Subsidiaries
other than those specifically disclosed in Part (a) of Schedule 5.13(a) and (B) no Equity Interests in any other corporation or entity other than those specifically disclosed in Part (b) of Schedule 5.13(a). 

(b) The Equity Interests of each of Holdings and its Subsidiaries have been duly authorized and validly issued and are fully paid and non
assessable. Except as set forth on Schedule 5.13(b), there is no existing option, warrant, call, right, commitment or other agreement to which Holdings or any of its Subsidiaries is a party requiring, and there are no Equity Interests of
Holdings or any of its Subsidiaries outstanding which upon conversion or exchange would require, the issuance by Holdings or any of its Subsidiaries of any other Equity Interests of Holdings or any of its Subsidiaries or other Securities convertible
into, exchangeable for or evidencing the right to subscribe for or purchase, Equity Interests of Holdings or any of its Subsidiaries. 
 Section 5.14. Margin Regulations; Investment Company Act. 
 (a) Neither
Holdings nor the Borrower is engaged or will engage, principally or as one of its important activities, in the business of purchasing or carrying margin stock (within the meaning of Regulation U issued by the FRB), or extending credit for the
purpose of purchasing or carrying margin stock. Following the application of the proceeds of each Borrowing or drawing under each Letter of Credit, not more than 25% of the value of the assets (either of Holdings only, the Borrower only or of
Holdings, the Borrower and the Subsidiaries on a consolidated basis) subject to the provisions of Section 7.01 or Section 7.05 or subject to any restriction contained in any agreement or instrument between Holdings or the
Borrower and any Lender or any Affiliate of any Lender relating to Indebtedness and within the scope of Section 8.01(e) will be margin stock. 
 (b) None of Holdings, the Borrower, any Person Controlling Holdings, or any Subsidiary is or is required to be registered as an “investment company” under the Investment Company Act of 1940.

  
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 Section 5.15. Disclosure. Holdings and the Borrower have disclosed or made
available to the Administrative Agent and the Lenders all agreements, instruments and corporate or other restrictions to which either of them or any Subsidiary is subject, and all other matters known to them, that, individually or in the aggregate,
could reasonably be expected to result in a Material Adverse Effect. The reports, financial statements, certificates and other information (including, without limitation, the Exchange Offering Memorandum (as supplemented in writing through the
Funding Date)) furnished (whether in writing or orally) by or on behalf of any Loan Party to the Administrative Agent or any Lender in connection with the transactions contemplated hereby and the negotiation of this Agreement or delivered hereunder
or under any other Loan Document (in each case, as modified or supplemented by other information so furnished), taken as a whole, do not contain any material misstatement of fact or omit to state any material fact necessary to make the statements
therein, in the light of the circumstances under which they were made, and, taken as a whole, not misleading; provided that, with respect to projected financial information, Holdings and the Borrower represent only that such information was
prepared in good faith based upon assumptions believed to be reasonable at the time of the preparation thereof, it being understood and agreed that (x) any such financial projections are subject to significant uncertainties and contingencies
which are beyond the Borrower’s control, (y) no assurance is given by the Borrower that the results forecast in any projections will be realized, and (z) such projections are not a guarantee of financial performance and actual results
may significantly differ from financial projections and such differences may be material. 
 Section 5.16. Compliance
with Laws. Each of Holdings, the Borrower and each Subsidiary is in compliance in all material respects with the requirements of all Laws and all orders, writs, injunctions and decrees applicable to it or to its properties, except in such
instances in which (a) such requirement of Law or order, writ, injunction or decree is being contested in good faith by appropriate proceedings diligently conducted or (b) the failure to comply therewith, either individually or in the
aggregate, could not reasonably be expected to have a Material Adverse Effect. 
 Section 5.17. PATRIOT Act. To the
extent applicable, each Loan Party is in compliance, in all material respects, with (a) the Trading with the Enemy Act, as amended, and each of the foreign assets control regulations of the United States Treasury Department (31 CFR, Subtitle B,
Chapter V, as amended) and any other enabling legislation or executive order relating thereto, and (b) the PATRIOT Act. No part of the proceeds of the Loans will be used, directly or indirectly, for any payments to any governmental official or
employee, political party, official of a political party, candidate for political office, or anyone else acting in an official capacity, in order to obtain, retain or direct business or obtain any improper advantage, in violation of the United
States Foreign Corrupt Practices Act of 1977, as amended. 
 Section 5.18. Intellectual Property; Licenses, Etc.
Holdings, the Borrower and the Subsidiaries own, or possess the right to use, all of the trademarks, service marks, trade names, copyrights, patents, patent rights, franchises, licenses and other intellectual property rights (collectively,
“IP Rights”) that are reasonably necessary for the operation of their respective businesses. To the knowledge of Holdings and the Borrower, none of its material IP Rights, slogans or advertising materials, products, processes,
methods, substances, parts or other materials now employed by Holdings, the Borrower or any Subsidiary infringe in any material respect on any IP Rights or other material rights held by any other Person. No written claim or

  
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litigation regarding any of the foregoing is pending or, to the knowledge of Holdings and the Borrower, threatened, which, either individually or in the aggregate, could reasonably be expected to
have a Material Adverse Effect. 
 Section 5.19. Solvency. Immediately after the consummation of the Transaction
(including, without limitation, the terms and provisions of the Reorganization Plan and the Confirmation Order) and after giving effect to (a) the terms and provisions of the Reorganization Plan and the Confirmation Order (if the Chapter 11
Cases have commenced) and (b) the application of the proceeds of each Loan made on the Funding Date and the Term Loan made on the Funding Date, each Loan Party will be Solvent. 

Section 5.20. Collateral. 
 (a) The Security Agreement is effective to create, on the Funding Date, in favor of the Administrative Agent for the benefit of the Secured Parties, a legal, valid and enforceable (except as
enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws relating to or affecting generally the enforcement of creditors’ rights and except to the extent that availability of the remedy of
specific performance or injunctive relief is subject to the discretion of the court before which any proceeding therefor may be brought) security interest in and Lien on the Collateral (to the extent such perfection may be obtained under New York
law) and, when on the Funding Date (and thereafter) (i) financing statements and other filings in appropriate form are filed in the appropriate filing office and (ii) upon the taking of possession or control by the Administrative Agent of
the Collateral with respect to which a security interest may be perfected only by possession or control (which possession or control shall be given to the Administrative Agent to the extent possession or control by the Administrative Agent is
required by the Security Agreement (it being agreed that in the event that after the use of commercially reasonable efforts the Borrower and its Subsidiaries are unable to obtain account control agreements on any accounts, such account control
agreements shall not be required on the Funding Date but shall be entered into within a reasonable time period (not to exceed 45 days) after the Funding Date)), the Lien created by the Security Agreement shall constitute a fully perfected Lien on,
and security interest in, all right, title and interest of the grantors thereunder in the Security Agreement (other than to the extent the UCC is not applicable to perfection and priority of a security interest in any IP Rights), in each case
subject to no Liens other than Permitted Liens. 
 (b) When the Security Agreement or a short form thereof is filed (including
the payment of the appropriate fees) in the United States Patent and Trademark Office and the United States Copyright Office within the time period prescribed by applicable Law, the Lien created by such Security Agreement shall constitute a fully
perfected Lien on, and security interest in, all right, title and interest of grantors thereunder in the U.S. federally registered or applications for U.S. federally registered Intellectual Property (as defined in such Security Agreement), in each
case subject to no Liens other than Permitted Liens. 
 (c) To the extent any Mortgage is duly executed and delivered after the
Funding Date by the relevant Loan Party, such Mortgage will be effective to create, in favor of the Administrative Agent, for the benefit of the Secured Parties, a legal, valid and enforceable (except as enforceability may be limited by applicable
bankruptcy, insolvency, reorganization, 

  
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moratorium or other laws relating to or affecting generally the enforcement of creditors’ rights and except to the extent that availability of the remedy of specific performance or
injunctive relief is subject to the discretion of the court before which any proceeding therefor may be brought) priority Lien on and security interest in all of the Loan Parties’ right, title and interest in and to the Real Estate Assets
thereunder and the proceeds thereof, and when the Mortgages are filed in the office specified in local counsel opinion delivered with respect thereto in accordance with the provisions of Section 6.13, the Mortgages shall constitute fully
perfected Liens on, and security interests in, all right, title and interest of the Loan Parties in the Real Estate Assets thereunder and the proceeds thereof, in each case prior and superior in right to any other Person, other than Liens permitted
under Section 7.01 or otherwise reasonably acceptable to Administrative Agent, and subject to the Intercreditor Agreement. 
 (d) Each Security Document delivered pursuant to Section 6.13 will, upon execution and delivery thereof, be effective to create in favor of the Administrative Agent, for the benefit of the
Secured Parties, a legal, valid and enforceable (except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws relating to or affecting generally the enforcement of creditors’ rights and
except to the extent that available of the remedy of specific performance or injunctive relief is subject to the discretion of the court before which any proceeding therefor may be brought) security interest in and Lien on all of the Loan
Parties’ right, title and interest in and to the Collateral thereunder (to the extent such perfection may be obtained under New York law), and when all (i) appropriate filings or recordings are made in the appropriate offices as may be
required under applicable Law, and (ii) possession or control (which possession or control shall be given to the Administrative Agent to the extent possession or control by the Administrative Agent is required by each Security Agreement (it
being agreed that in the event that after the use of commercially reasonable efforts the Borrower and its Subsidiaries are unable to obtain account control agreements on any accounts, such account control agreements shall not be required on the
Funding Date but shall be entered into within a reasonable time period (not to exceed 45 days) after the Funding Date)) of the Collateral thereunder is obtained by the Administrative Agent to the extent required by applicable Law, such Security
Document will be effective to create a fully perfected Lien on, and security interest in, all right, title and interest of the Loan Parties in such Collateral, in each case subject to no Liens other than Permitted Liens. 

Section 5.21. Supply Agreements. As of the Execution Date and as of the Funding Date, except as set forth on Schedule
5.21 hereof, the Loan Parties and their Subsidiaries have (a) no written licensing or supply contracts with their Inventory suppliers pursuant to which the Borrower or its Subsidiaries purchase more than $10,000,000 in any fiscal year and
(b) no Material Contracts. Except as described on Schedule 5.21, all such Material Contracts are in full force and effect and no material defaults (other than those occurring on the Petition Date as a result of the filing of the Chapter
11 Cases, if the Chapter 11 Cases have commenced (and any payment default directly related to such filing)) currently exist thereunder as of the Execution Date or the Funding Date. 

Section 5.22. No Restricted Payments. Since October 2, 2010, except as contemplated by the Reorganization Plan, neither
Holdings nor any of its Subsidiaries has directly or indirectly declared, ordered, paid or made, or set apart any sum or property for, any Restricted Payment or agreed to do so except as permitted pursuant to the Existing Revolving Credit Agreement
(for periods from October 2, 2010 to the Petition Date, if the Chapter 11 Cases have commenced) or Section 7.06 hereof (for periods after the Execution Date). 

  
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 Section 5.23. Certain Fees. No broker’s or finder’s fee or commission
will be payable with respect to the transactions contemplated by the Related Agreements, except as payable to the Administrative Agent and the Lenders. 
 Section 5.24. Related Agreements. Holdings and the Borrower have delivered to the Administrative Agent complete and correct copies of (a) each Related Agreement and of all exhibits and
schedules thereto as of the Execution Date and the Funding Date and (b) any material amendment, restatement, supplement or other modification to or waiver of each Related Agreement entered into after the Execution Date. 

Section 5.25. Reorganization Matters; Secured, Super-Priority Obligations. If the Chapter 11 Cases have commenced, on and
after the Petition Date and until the Plan Effective Date: 
 (a) The Chapter 11 Cases were commenced on the Petition Date in
accordance with applicable law and proper notice has been given of (i) the motion seeking approval of the Loan Documents and the Interim Approval Order and Final Approval Order, (ii) the hearing for the approval of the Interim Approval
Order, and (iii) promptly after the scheduling thereof, the hearing for the approval of the Final Approval Order. 
 (b)
Pursuant to clause (c)(1) of Section 364 of the Bankruptcy Code, the Interim Approval Order and the Final Approval Order, all Obligations and all other obligations of the Loan Parties under the Loan Documents at all times shall constitute
allowed super-priority administrative expense claims in the Chapter 11 Cases having priority over all other costs and expenses of the kinds specified in, or ordered pursuant to, Sections 105, 326, 328, 330, 331, 503(b), 506(c), 507(a), 507(b),
546(c), 726, 1114 or any other provision of the Bankruptcy Code or otherwise (except as described in the Interim Approval Order or the Final Approval Order, whichever is then in effect), and shall at all times be senior to the rights of the Loan
Parties, the estates of the Loan Parties (subject to the carve-out set forth in the Interim Approval Order or the Final Approval Order, whichever is then in effect), and any successor trustee or estate representative in the Chapter 11 Cases or any
subsequent proceeding or case under the Bankruptcy Code. 
 (c) The Interim Approval Order (with respect to the period prior to
entry of the Final Approval Order) or the Final Approval Order (with respect to the period on and after entry of the Final Approval Order), as the case may be, and the transactions contemplated hereby and thereby, are in full force and effect and
have not been (in a manner that is adverse to the Administrative Agent or the Lenders as determined in good faith by the Administrative Agent) vacated, reversed, modified, amended or stayed without the prior written consent of Administrative Agent
and the Required Lenders. 

  
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 ARTICLE 6 
 AFFIRMATIVE COVENANTS 
 Commencing on the Execution Date and so long as any Lender
shall have any Commitment hereunder, any Loan or other Obligation hereunder (other than contingent indemnification obligations and expense reimbursement obligations not yet due and payable) shall remain unpaid or unsatisfied or any Letter of Credit
shall remain outstanding (unless Cash Collateralized or backstopped on terms reasonably satisfactory to the Administrative Agent), Holdings and the Borrower shall, and shall (except in the case of the covenants set forth in Sections 6.01,
6.02, 6.03 and 6.11) cause each Subsidiary to: 
 Section 6.01. Financial Statements. Deliver
to the Administrative Agent and each Lender in form and detail reasonably satisfactory to the Administrative Agent: 
 (a) as
soon as available, but in any event within 90 days after the end of each fiscal year of the Borrower (or any earlier date set for delivery thereof pursuant to any requirements of the SEC then applicable to the Borrower) beginning with the fiscal
year in which the Execution Date occurs, a consolidated balance sheet of the Borrower and its Subsidiaries as at the end of such fiscal year, and the related consolidated statements of income, shareholders’ equity and cash flows for such fiscal
year, setting forth in each case in comparative form the figures for the previous fiscal year, all in reasonable detail and prepared in accordance with GAAP, audited and accompanied by a report and opinion of PricewaterhouseCoopers LLP or other
independent certified public accountant of nationally recognized standing reasonably acceptable to the Administrative Agent, which report and opinion shall (i) be prepared in accordance with generally accepted auditing standards and shall not
be subject to any “going concern” or like qualification or exception or any qualification or exception as to the scope of such audit and (ii) shall state that such consolidated financial statements fairly present, in all material
respects, the consolidated financial position of the Borrower and its Subsidiaries as at the dates indicated and the results of their operations and their cash flows for the periods indicated in conformity with GAAP applied on a basis consistent
with prior years (except as otherwise disclosed in such financial statements) and that the examination by such accountants in connection with such consolidated financial statements has been made in accordance with generally accepted auditing
standards) together with a written statement by such independent certified public accountants stating that nothing has come to their attention that causes them to believe that the information contained in any Compliance Certificate is not correct or
that the matters set forth in such Compliance Certificate are not stated in accordance with the terms hereof; 
 (b) as soon as
available, but in any event within 45 days after the end of each of the first three fiscal quarters of each fiscal year of the Borrower (or any earlier date set for delivery thereof pursuant to any requirements of the SEC then applicable to the
Borrower), commencing with the fiscal quarter (or if such fiscal quarter is not one of the first three fiscal quarters of the fiscal year, the next fiscal quarter) in which the Execution Date occurs, a consolidated balance sheet of the Borrower and
its Subsidiaries as at the end of such fiscal quarter, and the related consolidated statements of income, shareholders’ equity and cash flows for such fiscal quarter and for the portion of the Borrower’s fiscal year then ended, setting
forth in each case in comparative form the figures for the corresponding fiscal quarter of the previous fiscal year and the corresponding portion of the previous fiscal year, all in reasonable detail and certified by a

  
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Responsible Officer of the Borrower as fairly presenting, in all material respects, the consolidated financial condition, results of operations, shareholders’ equity and cash flows of the
Borrower and its Subsidiaries in accordance with GAAP, subject only to normal year-end audit adjustments and the absence of footnotes; 
 (c) as soon as available, but in any event within 30 days after the end of each fiscal month (other than a month that ends on or about the end of a fiscal quarter) commencing with the month in which the
Execution Date occurs, a consolidated balance sheet of the Borrower and its Subsidiaries as at the end of such month, and the related consolidated statements of income, shareholders’ equity and cash flows for such month and for the then elapsed
portion of the fiscal year, in comparative form with the figures for the comparable periods in the previous fiscal year, commencing with the first month for which such corresponding figures are available, accompanied by a certificate of a
Responsible Officer stating that such financial statements fairly present, in all material respects, the consolidated financial condition, results of operations and cash flows of the Borrower and its Subsidiaries as of the date and for the periods
specified in accordance with GAAP, subject to normal year-end audit adjustments and the absence of footnotes; and 
 (d) as soon
as practicable and in any event no later than 30 days after the beginning of each fiscal year of the Borrower, commencing with fiscal year 2012, a detailed consolidated budget on a quarterly basis for such fiscal year (including a projected
consolidated balance sheet and related statements of projected operations and cash flows as of the end of and for such fiscal year and setting forth the assumptions used in preparing such budget) prepared by management of the Borrower, in form
reasonably satisfactory to the Administrative Agent, and, as soon as practicable when available, any significant revisions of such budget approved by the Borrower’s board of directors. 

As to any information contained in materials furnished pursuant to Section 6.02, the Borrower shall not be separately
required to furnish such information under clause (a) or (b) above, but the foregoing shall not be in derogation of the obligation of the Borrower to furnish the information and materials described in subsections (a) and
(b) above at the times specified therein. 
 Section 6.02. Certificates; Other Information. Deliver to the
Administrative Agent and each Lender, in form and detail reasonably satisfactory to the Administrative Agent: 
 (a)
concurrently with the delivery of the financial statements referred to in Section 6.01(a), (i) a certificate of its independent certified public accountants stating that in making the examination of such financial statements no
knowledge was obtained of any Default under any covenant contained in Section 7.03 (insofar as they relate to accounting matters) or, if any such Default shall exist, stating the nature and status of such event; and (ii) the
management letter prepared by the Borrower’s independent certified public accountants in connection with the audit of such financial statements for delivery to the board of directors of the Borrower; 

(b) concurrently with the delivery of the financial statements referred to in Section 6.01(a) and (b) (and
6.01(c) at any time during the continuance of a Covenant Compliance Event), a duly completed Compliance Certificate signed by a Responsible Officer of the Borrower; 

  
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 (c) concurrently with the delivery of the materials referred to in
Section 6.01(a) and (b), a narrative report describing the operations of the Borrower and its Subsidiaries in the form prepared for presentation to senior management thereof for the applicable fiscal quarter or fiscal year and for
the period from the beginning of the then current fiscal year to the end of such period to which such financial statements relate; 
 (d) promptly after any written request by the Administrative Agent or any Lender, copies of any written audit reports, management letters or recommendations submitted to the board of directors (or the
audit committee of the board of directors) of Holdings or the Borrower by independent accountants in connection with the audit of the financial statements of Holdings, the Borrower or any Subsidiary; 

(e) promptly after the same are available, copies of each annual report, proxy or financial statement or other report or communication
sent to the stockholders of Holdings or the Borrower, and copies of all annual, regular, periodic and special reports and registration statements which Holdings or the Borrower may file or be required to file with the SEC under Section 13 or
15(d) of the Securities Exchange Act of 1934, and not otherwise required to be delivered to the Administrative Agent pursuant hereto; 
 (f) promptly and in any event within five (5) Business Days after receipt thereof by Holdings or any Subsidiary (including the Borrower), copies of each notice or other correspondence received from
the SEC (or comparable agency in any applicable jurisdiction other than the United States) concerning any investigation or possible investigation or other inquiry by such agency regarding financial or other operational results of Holdings or such
Subsidiary (including the Borrower); 
 (g) promptly, such additional information regarding the business, financial or corporate
affairs of Holdings or any Subsidiary (including the Borrower), or compliance with the terms of the Loan Documents, as the Administrative Agent or any Lender (through the Administrative Agent) may from time to time reasonably request; 

(h) if, as a result of any change in accounting principles and policies from those used in the preparation of the Audited Financial
Statements, the consolidated financial statements of the Borrower and its Subsidiaries delivered pursuant to Section 6.01(a) or (b) will differ in any material respect from the consolidated financial statements that would
have been delivered pursuant to such subdivisions had no such change in accounting principles and policies been made, then, together with the first delivery of such financial statements after such change, one or more statements of reconciliation for
all such prior financial statements in form and substance reasonably satisfactory to the Administrative Agent; 
 (i) as soon as
practicable (but not more than once per year) and in any event by the last day of each fiscal year, a certificate from the Borrower’s insurance broker(s) in form and substance satisfactory to the Administrative Agent outlining all material
insurance coverage maintained as of the date of such certificate by Holdings and its Subsidiaries; 
 (j) concurrently with the
delivery of the financial statements referred to in Section 6.01(a), the Borrower shall deliver to the Administrative Agent a certificate of a Responsible 

  
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Officer either (i) confirming that there has been no change in the information contained in the Perfection Certificate delivered on the Funding Date or the date of the most recent
certificate delivered pursuant to this Section since the date of the Perfection Certificate delivered on the Funding Date or the date of the most recent certificate delivered pursuant to this Section or (ii) identifying such changes;

 (k) promptly upon their becoming available, copies of all press releases and other statements made available generally by
Holdings or any of its Subsidiaries to the public concerning material developments in the business of Holdings or any of its Subsidiaries; 
 (l) upon request therefor by the Administrative Agent, if the Chapter 11 Cases have commenced, (i) any pleadings, motions, applications and judicial information filed by or on behalf of the Loan
Parties with the Bankruptcy Court or provided to the U.S. Trustee appointed in connection with the Chapter 11 Cases (or any monitor or interim receiver, if any, appointed in any Chapter 11 Case) or the Committee and (ii) all proposed orders and
pleadings related to this Agreement which shall be in form and substance reasonably satisfactory to the Administrative Agent, or related to any Replacement Term Loan Facility Document which, to the extent adversely impacting the Administrative Agent
or the Lenders, shall be form and substance reasonably satisfactory to the Administrative Agent, any plan of reorganization or liquidation and/or any disclosure statement related to such plan and all documents filed with the Bankruptcy Court or
distributed to any Committee; 
 (m) concurrently with the delivery thereof, Holdings and the Borrower shall deliver copies of
all reports and other information provided by Holdings or any of its Subsidiaries to the agents and lenders under the Replacement Term Loan Facility; and 
 (n) promptly after the execution thereof, Holdings and the Borrower shall deliver copies of any amendments, supplements, waivers or other modifications to (i) any documentation relating to the
Existing Indebtedness and (ii) any Replacement Term Loan Facility Document. 
 Documents required to be delivered pursuant
to Section 6.01(a) or (b) or Section 6.02(e) (to the extent any such documents are included in materials otherwise filed with the SEC) may be delivered electronically and if so delivered, shall be deemed to have
been delivered on the date (i) on which Holdings or the Borrower posts such documents, or provides a link thereto on the Borrower’s website on the Internet at the website address listed on Schedule 10.02; or (ii) on which such
documents are posted on Holdings’ and the Borrower’s behalf on IntraLinks/IntraAgency or another relevant website, if any, to which each Lender and the Administrative Agent have access (whether a commercial, third-party website or whether
sponsored by the Administrative Agent); provided that: (i) Holdings and the Borrower shall deliver paper copies of such documents to the Administrative Agent or any Lender that requests such paper copies until a written request to cease
delivering paper copies is given by the Administrative Agent or such Lender and (ii) Holdings and the Borrower shall notify (which may be by facsimile or electronic mail) the Administrative Agent and each Lender of the posting of any such
documents and provide to the Administrative Agent by electronic mail electronic versions (i.e., soft copies) of such documents. The Administrative Agent shall have no obligation to request the delivery or to maintain copies of the documents
referred to above, and in any event shall have no responsibility to monitor compliance by Holdings and the Borrower with any such request for delivery, and each Lender shall be solely responsible for requesting delivery to it or maintaining its
copies of such documents. 

  
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 The Borrower hereby acknowledges that (a) the Administrative Agent will make available
to the Lenders and the Issuing Bank materials and/or information provided by or on behalf of the Borrower hereunder (collectively, “Borrower Materials”) by posting the Borrower Materials on IntraLinks or another similar electronic
system (the “Platform”) and (b) certain of the Lenders (each, a “Public Lender”) may have personnel who do not wish to receive material non-public information with respect to the Borrower or its Affiliates, or
the respective securities of any of the foregoing, and who may be engaged in investment and other market-related activities with respect to such Person’s securities. The Borrower hereby agrees that (w) all Borrower Materials that are to be
made available to Public Lenders shall be clearly and conspicuously marked “PUBLIC” which, at a minimum, shall mean that the word “PUBLIC” shall appear prominently on the first page thereof; (x) by marking Borrower Materials
“PUBLIC,” the Borrower shall be deemed to have authorized the Administrative Agent, the Issuing Bank and the Lenders to treat such Borrower Materials as not containing any material non-public information with respect to the Borrower or its
securities for purposes of United States Federal and state securities laws (provided, however, that to the extent such Borrower Materials constitute Information, they shall be treated as set forth in Section 11.08);
(y) all Borrower Materials marked “PUBLIC” are permitted to be made available through a portion of the Platform designated “Public Side Information;” and (z) the Administrative Agent shall be entitled to treat any
Borrower Materials that are not marked “PUBLIC” as being suitable only for posting on a portion of the Platform not designated “Public Side Information;” it being understood that Holdings and the Borrower shall have no obligation
to mark any Borrower Materials as “PUBLIC” (even if such Borrower Materials do not contain any material non-public information) and, in the absence of any such marking, such Borrower Materials shall not be deemed to be “PUBLIC.”

 THE PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE.” THE AGENT-RELATED PERSONS DO NOT WARRANT THE
ACCURACY OR COMPLETENESS OF THE BORROWER MATERIALS OR THE ADEQUACY OF THE PLATFORM, AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS IN OR OMISSIONS FROM THE BORROWER MATERIALS. NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING ANY
WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY ANY AGENT-RELATED PERSON IN CONNECTION WITH THE BORROWER MATERIALS OR THE PLATFORM. In no
event shall any Agent-Related Person have any liability to the Borrower, any Lender, the Issuing Bank or any other Person for losses, claims, damages, liabilities or expenses of any kind (whether in tort, contract or otherwise) arising out of the
Borrower’s or the Administrative Agent’s transmission of Borrower Materials through the Internet, except to the extent that such losses, claims, damages, liabilities or expenses are determined by a court of competent jurisdiction by a
final and nonappealable judgment to have resulted from the gross negligence or willful misconduct of such Agent-Related Person; provided, however, that in no event shall any Agent-Related Person have any liability to the Borrower, any
Lender, the Issuing Bank or any other Person for indirect, special, incidental, consequential or punitive damages (as opposed to direct or actual damages). 

  
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 Section 6.03. Notices. Promptly notify the Administrative Agent and each Lender:

 (a)(i) of any condition or event that constitutes a Default or an Event of Default or that notice has been given to Holdings
or the Borrower with respect thereto; or (ii) that any Person has given any notice to Holdings or any of its Subsidiaries or taken any other action with respect to any event or condition set forth in Section 8.01(e); 

(b) to the extent not previously reported pursuant to Section 6.01, Section 6.02(f) or (g), of any matter
that has resulted or could reasonably be expected to result in a Material Adverse Effect, including, without limitation, (i) any breach or non-performance of, or any default under, a Contractual Obligation of Holdings, the Borrower or any
Subsidiary that has resulted or could reasonably be expected to result in a Material Adverse Effect; (ii) any dispute, litigation, investigation, proceeding or suspension between Holdings, the Borrower or any Subsidiary and any Governmental
Authority (including pursuant to any applicable Environmental Laws or in respect of taxes) that has resulted or could reasonably be expected to result in a Material Adverse Effect; (iii) the commencement of, or any material development in, any
litigation or proceeding affecting Holdings, the Borrower or any Subsidiary (including pursuant to any applicable Environmental Laws) that has resulted or could reasonably be expected to result in a Material Adverse Effect; or (iv) any
noncompliance by Holdings or any Subsidiary (including the Borrower) with any Environmental Laws that has resulted or could reasonably be expected to result in a Material Adverse Effect; 

(c) upon any officer of Holdings or Borrower obtaining knowledge thereof, the occurrence of or forthcoming occurrence of any ERISA Event;
or 
 (d) of any material change in accounting policies or financial reporting practices by Holdings, the Borrower or any
Subsidiary. 
 Each notice pursuant to this Section shall be accompanied by a statement of a Responsible Officer of the Borrower
setting forth details of the occurrence referred to therein and stating what action the Borrower has taken and proposes to take with respect thereto. Each notice pursuant to Section 6.03(a) shall describe with particularity any and all
provisions of this Agreement and any other Loan Document that have been breached. 
 Section 6.04. Payment of
Obligations. At all times on and after the Funding Date, pay and discharge as the same shall become due and payable, (a) all tax liabilities, assessments and governmental charges or levies upon it or its properties or assets, unless the
same are being contested in good faith by appropriate proceedings diligently conducted and adequate reserves in accordance with GAAP are being maintained by Holdings, the Borrower or such Subsidiary and to the extent such tax liabilities,
assessments, governmental charges or levies have or may become a Lien against any of the Collateral, such contest proceedings conclusively operate to stay the sale of any portion of the Collateral to satisfy such tax liabilities, assessments,
governmental charges or levies; (b) all lawful claims which, if unpaid, would by law become a Lien not otherwise permitted hereunder upon its property, unless the same are being contested in good faith by appropriate proceedings diligently
conducted and adequate reserves in accordance with GAAP are being maintained by Holdings, the Borrower or such Subsidiary and to the extent such claims have or may become a Lien against any of the Collateral, such contest proceedings

  
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conclusively operate to stay the sale of any portion of the Collateral to satisfy such claims; (c) all Indebtedness, as and when due and payable, but subject to any subordination provisions
contained in any instrument or agreement evidencing such Indebtedness; and (d) all other obligations and liabilities except, in the case of this clause (d), to the extent failure to do so could not reasonably be expected to have a Material
Adverse Effect; provided, however, in the event the Chapter 11 Cases are initiated, pre-petition claims, liabilities and other obligations shall be paid in accordance with the Reorganization Plan. 

Section 6.05. Preservation of Existence, Etc. If the Chapter 11 Cases have commenced, during the pendency of the Chapter 11
Cases, except as contemplated by the Reorganization Plan, and at all times thereafter (or if the Chapter 11 Cases have not been filed, at all times), (a) preserve, renew and maintain in full force and effect its legal existence and good
standing under the Laws of the jurisdiction of its organization except in a transaction permitted by Section 7.04 or 7.05; (b) take all reasonable action to maintain all rights (charter and statutory), privileges, permits,
licenses and franchises material to its business; and (c) preserve or renew all of its registered patents, trademarks, trade names and service marks, the non-preservation of which could reasonably be expected to have a Material Adverse Effect;
provided no Loan Party (other than the Borrower with respect to its existence) or any of its subsidiaries shall be required to preserve such existence, good standing, rights, privileges, permits, licenses and franchises if such Person’s board
of directors (or similar governing body) shall determine that the preservation thereof is no longer desirable in the conduct of the business of such Person and that the loss thereof is not disadvantageous in any material respect to such Person or to
the Lenders, and (ii) no Loan Party shall be required to maintain any license of IP Rights if such license expires at the end of its term. 
 Section 6.06. Maintenance of Properties. (a) Maintain, preserve and protect all of its material properties and equipment necessary in the operation of its business in good working order
and condition, ordinary wear and tear excepted, (b) make all necessary repairs thereto and renewals and (subject to the provisions of 2.03(b)) replacements thereof, (c) use the standard of care typical in the industry in the operation and
maintenance of its facilities and (d) make all payments and otherwise perform all obligations in respect of all leases of real property to which the Borrower or any Subsidiary is a party, notify the Administrative Agent of any default by any
party with respect to such leases and cooperate with the Administrative Agent in all respects to cure any such default, and cause each Subsidiary to do so, except in the case of this clause (d) where the failure to do so could not reasonably be
expected to have a Material Adverse Effect or where, in the event the Chapter 11 Cases are initiated, such payments are made in accordance with the Reorganization Plan. 
 Section 6.07. Maintenance of Insurance. (a) Maintain with financially sound and reputable insurance companies reasonably acceptable to the Administrative Agent not Affiliates of Holdings
or the Borrower insurance with respect to its properties and business against loss or damage of the kinds customarily insured against by Persons engaged in the same or similar business, of such types and in such amounts as are customarily carried
under similar circumstances by such other Persons and providing for not less than 30 days’ prior notice to the Administrative Agent of termination, lapse, modification or cancellation of such insurance and (b) subject to the Intercreditor
Agreement, cause the Administrative Agent, for the ratable benefit of the Secured Parties, to be named in each such policy as secured party or mortgagee and loss 

  
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payee or additional insured, in a manner reasonably acceptable to the Administrative Agent. Without limiting the generality of the foregoing, Holdings will maintain or cause to be maintained,
(a) flood insurance with respect to each Flood Hazard Property that is located in a community that participates in the National Flood Insurance Program, in each case in compliance with any applicable regulations of the Board of Governors of the
Federal Reserve System, and (b) replacement value casualty insurance on the Collateral under such policies of insurance, with such insurance companies, in such amounts, with such deductibles, and covering such risks as are at all times carried
or maintained under similar circumstances by Persons of established reputation engaged in similar businesses. 

Section 6.08. Compliance With Laws. (a) Comply in all material respects with the requirements of all Laws (including all
applicable Environmental Laws) and all orders, writs, injunctions and decrees applicable to it or to its business or property, (b) obtain and renew all permits required under any Environmental Laws and necessary for its operations and
properties and (c) conduct any investigation, study, sampling and testing, and undertake any cleanup, removal, remedial or other action necessary to remove and clean up all Hazardous Materials from any of its properties to the extent required
by Environmental Laws, except in such instances in which (i) any requirement of Law or order, writ, injunction or decree described in clause (a), any requirement to obtain or renew permits described in clause (b), or any cleanup, removal or
action described in clause (c), is being contested in good faith by appropriate proceedings diligently conducted and appropriate reserves are being maintained; or (ii) the noncompliance therewith could not reasonably be expected to have a
Material Adverse Effect. 
 Section 6.09. Books and Records. Maintain proper books of record and account, in which
full, true and correct entries in conformity in all material respects with GAAP consistently applied shall be made of all financial transactions and matters involving the assets and business of Holdings, the Borrower or such Subsidiary, as the case
may be. 
 Section 6.10. Inspection Rights; Information Regarding Collateral. (a) Permit representatives and
independent contractors of the Administrative Agent and each Lender desiring to accompany the Administrative Agent to visit and inspect any of its properties, to examine its corporate, financial and operating records, and make copies thereof or
abstracts therefrom, and to discuss its affairs, finances and accounts with its directors, officers, and independent public accountants, all at the reasonable expense of Holdings and the Borrower and at such reasonable times during normal business
hours and as often as may be reasonably desired, upon reasonable advance written notice to the Borrower; provided, however, that, without limiting the rights of the Administrative Agent or the Lenders under Section 6.15,
(i) so long as no Event of Default exists, Holdings and the Borrower shall not be required to pay for more than two inspections per fiscal year and (ii) when an Event of Default exists the Administrative Agent or any Lender (or any of
their respective representatives or independent contractors) may do any of the foregoing at the expense of Holdings and the Borrower at any time during normal business hours and without advance notice. 

(b) Holdings or the Borrower will furnish to the Administrative Agent prompt written notice of any change in (i) any Loan
Party’s corporate name or any trade name used to identify it in the conduct of its business or any Loan Party’s chief executive office, its principal place of business, or any office or facility at which Collateral owned by it is located
(including the 

  
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establishment of any such new office or facility), (ii) any Loan Party’s identity or corporate structure or (iii) any Loan Party’s Federal Taxpayer Identification Number.
Holdings and the Borrower will not effect or permit any change referred to in the preceding sentence unless all filings have been made under the UCC and all other actions have been taken that are required so that such change will not at any time
adversely affect the validity, perfection or priority of any Transaction Lien on any of the Collateral. Holdings and the Borrower will also promptly notify the Administrative Agent if any material portion of the Collateral is damaged or destroyed.

 Section 6.11. Use of Proceeds. Use the proceeds of the Loans exclusively to refinance Indebtedness outstanding
under the Existing Revolving Credit Agreement, to pay fees and expenses incurred in connection with the Transaction, to finance Capital Expenditures and Investments (to the extent permitted hereunder) and for working capital or other general
corporate purposes of the Borrower or its Subsidiaries. 
 Section 6.12. Additional Subsidiaries. (a) Promptly,
and in any event within ten Business Days after any additional Subsidiary is formed or acquired after the Execution Date, notify the Administrative Agent and the Lenders thereof and, after the Funding Date, cause any Equity Interest in and
Indebtedness of such Subsidiary owned by or on behalf of any Loan Party to be added to the Collateral (except that the Loan Parties shall not be required to pledge more than 65% of the outstanding voting Equity Interests in any first-tier Foreign
Subsidiary and shall not be required to pledge any of the Equity Interests in any Foreign Subsidiary that is not a first-tier Foreign Subsidiary); and (b) after the Funding Date, if such Subsidiary is a Domestic Subsidiary, (i) promptly
cause the Collateral and Guarantee Requirement to be satisfied with respect to such Subsidiary, whereupon such Subsidiary will become a “Guarantor” and “Lien Grantor” for purposes of the Loan Documents and (ii) deliver to
the Administrative Agent documents of the types referred to in clauses (iii) and (iv) of Section 4.02(b) and customary favorable opinions of counsel to such Person (which shall cover, among other things, the legality, validity,
binding effect and enforceability of the documentation referred to in clause (a)), all in form, content and scope reasonably satisfactory to the Administrative Agent. 
 Section 6.13. Security Interests; Further Assurances. (a) On the Funding Date, deliver to the Administrative Agent evidence satisfactory to it that the lockbox, concentration account
arrangements and account control agreements contemplated by the Security Agreement have been established and entered into, as the case may be, provided that, in the event that after the use of commercially reasonable efforts the Loan Parties
are unable to obtain account control agreements in respect of deposit accounts as required by the terms of the Security Agreement on or prior to the Funding Date, such account control agreements shall be entered into and delivered to the
Administrative Agent within a reasonable time period (and in any event no more than 45 calendar days) after the Funding Date. 

(b) On and after the Funding Date, execute and deliver any and all further documents, financing statements, agreements and instruments,
and take all such further actions (including the filing and recording of financing statements, fixture filings, mortgages, deeds of trust and other documents and obtaining the execution of collateral access or similar agreements), that may be
required under any applicable Law, or that the Administrative Agent may reasonably request, to cause the Collateral and Guarantee Requirement to be and remain satisfied, all at the Borrower’s expense; and provide to the Administrative Agent,
from time to time upon written request after 

  
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the Funding Date, evidence reasonably satisfactory to the Administrative Agent as to the perfection and priority of the Transaction Liens created or intended to be created by the Security
Documents. 
 (c) If any material assets (including any Material Real Estate Asset) are acquired by Holdings, the Borrower or
any other Loan Party after the Funding Date (other than (i) assets constituting Collateral that become subject to Transaction Liens upon acquisition thereof and (ii) motor vehicles) or any Real Estate Asset becomes a Material Real Estate
Asset, notify the Administrative Agent and the Lenders thereof, and, if requested by the Administrative Agent or the Required Lenders, cause such assets to be subjected to a Transaction Lien securing the Secured Obligations and take, or cause the
relevant Subsidiary to take, such actions as shall be necessary or reasonably requested by the Administrative Agent to grant and perfect or record such Transaction Lien (including actions described in Section 6.13(a)), all at the
Borrower’s expense. 
 (d) At all times after the Funding Date, if the Borrower or any other Loan Party shall acquire any
motor vehicle, such Loan Party shall (i) file (and pay all applicable filings fees therefor) with the relevant domestic Governmental Authorities responsible for recording Liens on the certificates of title of motor vehicles in each relevant
jurisdiction all necessary applications, and (ii) take all such other steps as are reasonably required and within such Loan Party’s control, in each case to cause the Transaction Lien of the Administrative Agent on each such motor vehicle
to be recorded on the certificate of title of each such motor vehicle and otherwise cause the Collateral and Guarantee Requirement to be and remain satisfied with respect to such motor vehicles (in the case of each of (i) and (ii), subject to
the provisos set forth in clause (c) of the definition of “Collateral and Guarantee Requirement”). 
 (e) If an
Event of Default has occurred and is continuing and the Administrative Agent or Required Lenders have so requested, cause any assets identified by such Persons to be subjected to a Transaction Lien securing the Secured Obligations and take, or cause
the relevant Subsidiary to take, such actions as shall be necessary or reasonably requested by the Administrative Agent to grant and perfect or record such Transaction Lien, including actions described in Section 6.13(a), all at the
Borrower’s expense. 
 Section 6.14. Borrowing Base-Related Reports. The Borrower shall deliver or cause to be
delivered (at the expense of the Borrower) to the Administrative Agent, (a) in no event less frequently than ten (10) Business Days after the end of each month for the month most recently ended, commencing with the first month most
recently ended after the Funding Date, unless the Borrower elects to so deliver more frequently (provided that the Borrower has delivered to the Administrative Agent a roll forward calculation of the Borrowing Base and Excess Availability
from the time period covered by the delivery of the monthly Borrowing Base Certificate), a Borrowing Base Certificate together with such supporting detail and documentation as shall be requested by the Administrative Agent in its reasonable credit
judgment; provided that upon the occurrence and during the continuance of a Specified Default or at any time that Excess Availability is less than (x) 15% of the Borrowing Base for five consecutive Business Days or (y) if 15% of the
Borrowing Base is less than $9,000,000 at any time, $9,000,000, such Borrowing Base Certificate shall be furnished on Wednesday of each week (or, if Wednesday is not a Business Day, on the next succeeding Business Day), as of the close of business
on the 

  
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immediately preceding Saturday until such Specified Default is no longer continuing or until Excess Availability is greater than or equal to (x) 15% of the Borrowing Base for five
consecutive Business Days or (y) if 15% of the Borrowing Base is less than $9,000,000 at any time, $9,000,000, at which time Borrowing Base Certificates will again be furnished only monthly, and (b) such other information regarding the
Borrowing Base or the Collateral, as the Administrative Agent may reasonably request. 
 Section 6.15. Borrowing Base
Verification; Inventory Appraisals. From and after the Funding Date, after reasonable prior notice to the Borrower (unless an Event of Default then exists in which case no such prior notice shall be required), any of the Administrative
Agent’s officers, employees or agents shall have the right, at any time or times, in the name of the Administrative Agent, any designee of the Administrative Agent or the Borrower, to verify the validity, amount or any other matter relating to
Accounts or Inventory by mail, telephone, electronic communication, personal inspection or otherwise and to conduct field audits of the financial affairs and Collateral of the Loan Parties. The Borrower shall cooperate fully with the Administrative
Agent in an effort to facilitate and promptly conclude any such verification process, and the Loan Parties shall cooperate fully with the Administrative Agent and its agents during all Collateral field audits and Inventory Appraisals. Without
limiting the foregoing, the Loan Parties acknowledge that from and after the Funding Date, the Administrative Agent may undertake up to three Inventory Appraisals and three commercial finance examinations each fiscal year, in each case at the Loan
Parties’ sole cost and expense, provided that, (i) from and after the Funding Date, (x) if average Excess Availability for the fiscal month then most recently ended is greater than 12.5% of the Borrowing Base but less than or
equal to 50% of the Borrowing Base, then only two such Inventory Appraisals and commercial financial examinations shall be conducted in such fiscal year and (y) if average Excess Availability for the fiscal month then most recently ended is
greater than 50% of the Borrowing Base, then only one such Inventory Appraisal and commercial financial examination shall be conducted in such fiscal year and (ii) notwithstanding the foregoing, such audits and Inventory Appraisals may be
conducted as frequently as the Administrative Agent reasonably requests from and after the Funding Date at any time when an Event of Default has occurred and is continuing. 
 Section 6.16. Physical Inventories. At its own expense, from and after the Funding Date, the Borrower and its Subsidiaries shall conduct cycle counts of its Inventory at such times and
following such methodology as is consistent with past practices. Following the completion of such cycle counts, the Borrower and its Subsidiaries shall promptly adjust their perpetual inventory reporting system and general ledgers, if and to the
extent necessary to reflect the results of such cycle counts. 
 Section 6.17. Lenders Meetings. Holdings and the
Borrower will, upon the request of Administrative Agent or the Required Lenders, participate in (a) a meeting (or, at the election of the Borrower in consultation with the Administrative Agent, a conference call) of Administrative Agent and
Lenders once during each fiscal year to be held at the Borrower’s corporate offices (or at such other location as may be agreed to by the Borrower and the Administrative Agent) and (b) quarterly conference calls with the Administrative
Agent and the Lenders, in each case at such times as may be agreed to by the Borrower and the Administrative Agent. 

  
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 Section 6.18. Bankruptcy-Related Covenants. 

(a) If the Chapter 11 Cases have been filed, the Borrower shall ensure that, (A) on or before the tenth (10th) calendar date
after the Petition Date, the Bankruptcy Court enters, upon motion in form and substance reasonably satisfactory to the Administrative Agent (the “Approval Motion”), on such prior notice as may be reasonably satisfactory to the
Administrative Agent, an interim order in the form attached hereto as Exhibit L without any modification in any manner that is materially adverse to the rights or interests of any or all of the Administrative Agent and the Lenders, as
determined in good faith by the Administrative Agent (it being understood and agreed that any modification to the priority of the administrative claims set forth in the Interim Approval Order shall be deemed to be a modification that is
materially adverse to the rights and interests of the Administrative Agent and the Lenders for purposes hereof) (as amended or modified to the extent permitted under this Section 6.18, the “Interim Approval Order”);
(B) the Interim Approval Order shall remain in full force and effect and shall not be stayed, reversed or vacated, or, without the prior written consent of the Administrative Agent and the Required Lenders, otherwise amended or modified in any
manner that is materially adverse to the rights or interests of any or all of the Administrative Agent and the Lenders (as determined in good faith by the Administrative Agent); and (C) the Bankruptcy Court shall not enter any order (including
any order approving any debtor-in-possession financing or cash collateral arrangement) that conflicts with or is inconsistent with any of the provisions of the Interim Approval Order in any material respect. 

(b) The Borrower shall ensure that, no later than 3 Business Days after the failure of the Borrower to obtain the necessary consent for
the Exchange Offer (but in any event not later than 50 days after the Execution Date), Holdings and its Subsidiaries that are Debtors shall (i) commence the Chapter 11 Cases and (ii) file one or more motions, in form and substance
reasonably satisfactory to the Administrative Agent for confirmation of the Reorganization Plan, approval of the related disclosure statement and solicitation procedures, approval of the Rights Offering and Rights Offering solicitation procedures,
approval of other matters relating to confirmation of the Reorganization Plan and scheduling of a combined confirmation and disclosure statement hearing. 
 ARTICLE 7 
 NEGATIVE COVENANTS 

Each Loan Party covenants and agrees that, from and after the Funding Date (and, in the case of Sections 7.09(a), 7.12,
7.16, and 7.17, from and after the Execution Date), so long as any Lender shall have any Commitment hereunder, any Loan or other Obligation hereunder (other than contingent indemnification obligations and expense reimbursement
obligations not yet due and payable) shall remain unpaid or unsatisfied or any Letter of Credit shall remain outstanding (unless Cash Collateralized or backstopped on terms reasonably satisfactory to the Administrative Agent), Holdings and the
Borrower shall not, and shall not permit any Subsidiary to, directly or indirectly: 
 Section 7.01. Liens. Create,
incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, or file or permit the filing of, or permit to remain in effect, any financing statement or other similar notice of any

  
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Lien with respect to any such property, asset, income, profits or royalties under the UCC of any State or under any similar recording or notice statute or under any applicable intellectual
property laws, rules or procedures, other than the following: 
 (a) the Liens granted in connection with the Replacement Term
Loan Facility (provided that such Liens are subject to the Intercreditor Agreement) and the Transaction Liens; 
 (b)
Liens existing on the date hereof and listed on Schedule 7.01 (including Liens securing Indebtedness permitted under Section 7.03(d)) and any renewals or extensions thereof, provided that (i) the property covered
thereby is not changed, (ii) the amount secured or benefitted thereby is not increased except as contemplated by Section 7.03(d), and (iii) any renewal or extension of the obligations secured or benefited thereby is permitted
by Section 7.03(d); 
 (c) Liens for taxes, assessments and other governmental charges or levies not yet due or
which are being contested in good faith and by appropriate proceedings diligently conducted, if adequate reserves with respect thereto are maintained on the books of the applicable Person in accordance with GAAP; 

(d) carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s or other like Liens arising in the
ordinary course of business securing amounts which (i) are not overdue or (ii) are overdue and, in the case of any such amounts overdue for a period in excess of five days, are being contested in good faith and by appropriate proceedings
diligently conducted, if adequate reserves with respect thereto are maintained on the books of the applicable Person; 
 (e)
pledges or deposits in the ordinary course of business in connection with workers’ compensation, unemployment insurance and other social security legislation, other than any Lien imposed by ERISA; 

(f) deposits to secure the performance of bids, trade contracts and leases (other than Indebtedness), statutory obligations, surety bonds
(other than bonds related to judgments or litigation), performance bonds and other obligations of a like nature incurred in the ordinary course of business (exclusive of obligations for the payment of borrowed money or other Indebtedness), so long
as no foreclosure, sale or similar proceedings have been commenced with respect to any portion of the Collateral on account thereof; 
 (g)(i) “Permitted Liens” (as defined in any Mortgage) and (ii) encumbrances and restrictions on real property (including easements, covenants, rights-of-way and similar restrictions and
encumbrances affecting real property) which, 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 materially interfere with the use of such property;

 (h) Liens securing judgments for the payment of money not constituting an Event of Default under Section 8.01(h)
or securing appeal or other surety bonds related to such judgments; 
 (i) Liens arising under capital leases permitted under
Section 7.03(j)(x) or sale and leaseback transactions permitted by Section 7.05(e); provided that such Liens do not at any time encumber any property other than the property subject to such capital lease or sale and
leaseback transaction; 

  
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 (j) Liens securing Indebtedness permitted under Section 7.03(j)(y);
provided that (i) such Liens do not at any time encumber any property other than the property financed by such Indebtedness and (ii) the Indebtedness secured thereby does not exceed the cost or fair market value, whichever is lower,
of the property being acquired on the date of acquisition; 
 (k)(i) Liens on any assets acquired pursuant to a Permitted
Acquisition and existing on such assets at the time of acquisition thereof; provided that such Liens (x) do not secure Indebtedness and (y) were not created in contemplation of such acquisition, and (ii) Liens securing
Indebtedness permitted under Section 7.03(h)(y); 
 (l) to the extent they constitute Liens, interests of vendors
and interests of lessors under operating leases, in each case in the ordinary course of business; 
 (m) statutory rights of
setoff or other Liens existing on the Execution Date, in each case with respect to deposit accounts; 
 (n) Liens attaching
solely to cash earnest money deposits in connection with any letter of intent or purchase agreement in connection with a Permitted Acquisition; 
 (o) the filing of financing statements solely as a precautionary measure in connection with operating leases or consignment of goods; and 

(p) Liens not otherwise permitted by the foregoing clauses (a) through (o) on assets with an aggregate fair market value not to
exceed $5,000,000 securing Indebtedness permitted hereunder and other obligations in an aggregate principal amount at any time outstanding not to exceed $2,500,000. 
 Notwithstanding the foregoing, if the Chapter 11 Cases have commenced, from and after the Plan Effective Date, the foregoing exceptions shall not include any Pre-Petition Liens except to the extent
provided in the Plan of Reorganization. 
 Section 7.02. Investments. Make any Investments, except: 

(a) Investments held by Holdings, the Borrower or such Subsidiary in the form of cash or Permitted Investments; 

(b) advances to officers, directors and employees of Holdings, the Borrower and the Subsidiaries in an aggregate amount not to exceed
$1,000,000 at any time outstanding, for travel, entertainment, relocation, payroll advance and analogous ordinary business purposes; 
 (c) equity Investments of Holdings and its Subsidiaries in any Subsidiary existing as of the Execution Date and Investments made after the Execution Date by Holdings or any of its Subsidiaries in the
Borrower or in any wholly-owned Subsidiary that is a Guarantor; 

  
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 (d) Investments consisting of extensions of credit in the nature of accounts receivable or
notes receivable arising from the grant of trade credit in the ordinary course of business, and Investments received in satisfaction or partial satisfaction thereof from financially troubled account debtors to the extent reasonably necessary in
order to prevent or limit loss; 
 (e) Guarantees permitted by Section 7.03; 

(f) after the Funding Date, Permitted Acquisitions; provided that (i) before and after giving pro forma effect in accordance
with Section 7.15 to such Permitted Acquisitions and any Credit Extensions made in accordance therewith, (A) Excess Availability on the date of the consummation of such Permitted Acquisition (the “Permitted Acquisition
Date”) and for the period of 30 days prior to the Permitted Acquisition Date shall be not less than the greater of (x) 15% of the Borrowing Base and (y) $9,000,000, (B) the Consolidated Fixed Charge Coverage Ratio for the
twelve fiscal month period most recently ended prior to the Permitted Acquisition Date shall be at least 1.0 to 1.0, and (C) no Default or Event of Default shall have occurred and be continuing or would immediately result therefrom,
(ii) the Acquisition Consideration for such acquisition shall be funded with Permitted Acquisition Consideration and (iii) the Administrative Agent shall have received a Compliance Certificate from the Borrower demonstrating compliance
with clause (B) above; 
 (g) Investments existing on the date hereof, as set forth on Schedule 7.02; 

(h) securities or assets received or other Investments made as a result of the receipt of non-cash consideration from any Disposition
permitted by Section 7.05; 
 (i) Investments received from any past, present or future employee, consultant or
director of Holdings, the Borrower or any Subsidiary as consideration for the acquisition by such Person of Equity Interests in Holdings; 
 (j) Investments constituting Capital Expenditures; 
 (k) Investments constituting
Holdings Administrative Advances; provided that the aggregate amount thereof in any fiscal year, together with the aggregate amount of Restricted Payments made in such fiscal year in reliance on Section 7.06(e), does not exceed
$500,000 (or, following an Initial Public Offering, $1,500,000); 
 (l) Investments constituting Swap Contracts permitted by
Section 7.03(g); 
 (m) Investments solely to the extent financed with proceeds of the issuance and sale of Equity
Interests to the Equity Investors for the purpose of financing such Investments; 
 (n) the Borrower and its Subsidiaries may
make prepayments and deposits to suppliers in the ordinary course of business consistent with the past practices of Holdings and its Subsidiaries; 
 (o) intercompany loans to the extent permitted under Section 7.03(f) and other Investments in Subsidiaries which are not wholly-owned Guarantors; provided that such Investments
(including through intercompany loans and any Permitted Acquisition) in 

  
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Subsidiaries other than wholly-owned Guarantor Subsidiaries of the Borrower shall not exceed an aggregate amount of $1,000,000 at any time outstanding, which amount may be replenished pursuant to
the terms of the second proviso hereto; provided, further, that to the extent any Loan Party receives a return of capital or a cash dividend or distribution in respect of, or interest on or a cash repayment of the principal of any loan
made as, an Investment under this clause (o), the amount of such return of capital, dividend, distribution, interest or principal repayment shall be treated as a return of the original Investment in respect thereof and accordingly shall replenish
and be credited to the amount available for Investments under this clause (o); 
 (p)(i) a one-time Investment consisting of the
non-cash contribution of assets into a single joint venture (the “Special Joint Venture”) so long as (x) a Loan Party owns and controls at least 50% on a fully diluted basis of the economic and voting interests in the Equity
Interests of the Special Joint Venture, (y) the Borrower’s Consolidated Net Income for the most recent four fiscal quarter period (determined in accordance with GAAP) attributable to such assets is negative and (z) the book value of
such assets does not exceed $100,000 and (ii) Investments in the Special Joint Venture of cash in an aggregate amount not to exceed (A) $2,000,000 during the year following the date on which the Special Joint Venture is formed,
(B) $1,500,000 during the second year following the date on which the Special Joint Venture is formed, (C) $750,000 during the third year following the date on which the Special Joint Venture is formed and (D) $500,000 during the
fourth year following the date on which the Special Joint Venture is formed; provided, in the case of both clauses (i) and (ii), that no such Investment shall be made if an Event of Default shall have occurred and be continuing or shall
be caused thereby; 
 (q) other Investments (but excluding Permitted Acquisitions) in an aggregate amount not to exceed
$5,000,000 at any time outstanding during the term of this Agreement, which amount may be replenished pursuant to the terms of the second proviso hereto, plus the amount of any Permitted Additional Equity to the extent issued substantially
contemporaneously with such Investment; provided that no such Investments shall be made if an Event of Default shall have occurred and be continuing or shall be caused thereby; provided, further, that to the extent any Loan
Party receives a return of capital of a cash dividend or distribution in respect of, or interest on or a cash repayment of the principal of any loan made as, an Investment under this clause (q), the amount of such dividend, distribution or principal
repayment shall be treated as a return of the original Investment in respect thereof and accordingly shall replenish and be credited to the amount for Investments under this clause (q); 

(r) the repurchase of Indebtedness permitted hereunder in accordance with Section 7.18; and 

(s) other Investments (but excluding Permitted Acquisitions), provided that (i) Excess Availability on the date of such
Investment and for the 30 days prior to the date of such Investment is not less than the greater of 15% of the Borrowing Base and $9,000,000, (ii) the Borrower has a Consolidated Fixed Charge Coverage Ratio (determined for the twelve fiscal
month period most recently ended for which financial statements are required to have been delivered to the Administrative Agent pursuant to Section 6.01(c)) of not less than 1.0:1.0, (iii) no Default or Event of Default has occurred
and is continuing or would occur immediately thereafter as a result thereof and (iv) the Administrative Agent shall have received a Compliance Certificate from the Borrower demonstrating compliance with clause (ii) above. 

  
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 Notwithstanding the foregoing, in no event shall any Loan Party make any Investment which
results in or facilitates in any manner any Restricted Payment not otherwise permitted under the terms of Section 7.06. 
 For the avoidance of doubt, if an Investment would be permitted under any provision of this Section 7.02 (other than Section 7.02(f)) and as a Permitted Acquisition, such
Investment need not satisfy the requirements otherwise applicable to Permitted Acquisitions unless such Investment is consummated in reliance on Section 7.02(f). 
 Section 7.03. Indebtedness; Off-Balance Sheet Liabilities. Create, incur, assume or suffer to exist any Indebtedness or Off-Balance Sheet Liabilities, except: 

(a) Indebtedness under the Loan Documents; 
 (b) from and after the Funding Date, Indebtedness under the Replacement Term Loan Facility in an aggregate principal amount to not exceed at any time $144,000,000 (or such lesser amount after giving
effect to any prepayments or amortization payments in respect thereof); 
 (c) unsecured Indebtedness of Holdings to the
Borrower or any Subsidiary that is a Guarantor that would be permitted as a Restricted Payment under Section 7.06; 

(d) Indebtedness outstanding on the date hereof and listed on Schedule 7.03(d) and any refinancings, refundings, renewals or
extensions thereof; provided that (i) the amount of such Indebtedness is not increased at the time of such refinancing, refunding, renewal or extension except by an amount equal to a reasonable premium or other reasonable amount paid,
and accrued interest, fees and expenses reasonably incurred, in connection with such refinancing and by an amount equal to any existing commitments unutilized thereunder, (ii) the average life to maturity thereof is greater than or equal to
that of the Indebtedness being refinanced or extended, (iii) the obligor or obligors under such Indebtedness was an obligor, or were obligors, as the case may be, with respect to the Indebtedness being extended, renewed or refinanced,
(iv) any Indebtedness that is subordinated to the Obligations shall not be refinanced except on subordination terms at least as favorable to the Lenders and no more restrictive on the Borrower than the subordinated Indebtedness that is being
refinanced and (v) no Default or Event of Default exists or would result therefrom at the time such refinancing, refunding, renewal or extension is consummated; 
 (e) Guarantees of the Borrower or any Guarantor in respect of Indebtedness otherwise permitted hereunder of the Borrower or any Subsidiary that is a Guarantor; 

(f) intercompany Indebtedness between or among the Loan Parties and their Subsidiaries; provided, (i) all such Indebtedness
shall be evidenced by an intercompany note, and, if owed to a Loan Party, shall be subject to a Transaction Lien pursuant to the Security Agreement, (ii) all such Indebtedness shall be unsecured and, if owed by a Loan Party, subordinated in
right of payment to the payment in full of the Obligations pursuant to the terms of the intercompany note, (iii) any payment by any Subsidiary that is a Guarantor under any Guaranty of the Obligations shall result in a pro tanto reduction of
the amount of any Indebtedness owed by such Subsidiary to the Borrower or to any of its Subsidiaries for whose benefit such payment is made and (iv) such Indebtedness is permitted as an Investment under Section 7.02(c) or
7.02(o); 

  
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 (g) obligations (contingent or otherwise) of Holdings, the Borrower or any Subsidiary
existing or arising under any Swap Contract, provided that with respect to any such other Swap Contract (i) such obligations are (or were) entered into by such Person in the ordinary course of business for the purpose of directly
mitigating risks associated with liabilities, commitments, investments, assets, or property held or reasonably anticipated by such Person, or changes in the value of securities issued by such Person, and not for purposes of speculation or taking a
“market view;” and (ii) such Swap Contract does not contain any provision exonerating the non-defaulting party from its obligation to make payments on outstanding transactions to the defaulting party; 

(h)(x) unsecured subordinated Indebtedness of Holdings incurred to finance a Permitted Acquisition permitted by
Section 7.02(f) and owed to the sellers of the capital stock, securities or assets acquired thereby, so long as (i) the terms of such Indebtedness shall be reasonably acceptable to the Administrative Agent, (ii) such
Indebtedness will be subordinated to Obligations under the Loan Documents on terms reasonably acceptable to the Administrative Agent, (iii) the maturity date of such Indebtedness is at least 366 days after the Revolving Maturity Date and
(iv) any interest payable on such Indebtedness prior to the date that is 366 days after the Revolving Maturity Date is payable in kind by adding such interest to the principal amount of such Indebtedness; and (y) Indebtedness of any Person
acquired pursuant to a Permitted Acquisition and existing at the time of such acquisition and not incurred in contemplation thereof (but excluding Indebtedness incurred pursuant to revolving or working capital credit facilities and similar
transactions); provided that (A) such Indebtedness is not guaranteed in any respect by Holdings or any Subsidiary (other than by any such Person that so becomes a Subsidiary) and (B) the aggregate principal amount of Indebtedness
permitted by this clause (h)(y) (together with all Indebtedness constituting Permitted Refinancing incurred to refund, refinance or replace any Indebtedness incurred pursuant to this clause (h)(y)) shall not exceed $10,000,000 at any time
outstanding; 
 (i) unsecured subordinated Indebtedness of Holdings incurred to repurchase any Equity Interests to the extent
such repurchase is permitted by Section 7.06(d); provided that the terms of such Indebtedness shall be reasonably satisfactory to the Administrative Agent; 
 (j)(x) Indebtedness in respect of capital leases to finance Capital Expenditures in an aggregate principal amount not to exceed at any time $2,000,000 and (y) Indebtedness in respect of purchase
money obligations; provided that (A) such Indebtedness is incurred before or within 90 days after the acquisition or the completion of such construction or improvement of such fixed or capital assets and (B) with respect to clause
(y), (1) the aggregate principal amount of Indebtedness permitted (together with all Indebtedness constituting Permitted Refinancing incurred to refund, refinance or replace any Indebtedness incurred pursuant to this clause (j)(y)) shall not
exceed $7,500,000 at any time outstanding and (2) such Indebtedness shall be secured only by the asset acquired in connection with the incurrence of such Indebtedness (or Indebtedness refinanced with such Indebtedness); 

  
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 (k) Indebtedness in respect of sale and leaseback transactions permitted by
Section 7.05(e); 
 (l) Indebtedness of Holdings under any Holdings Administrative Advance permitted under
Section 7.02(k); 
 (m) Off-Balance Sheet Liabilities constituting Capital Expenditures; 

(n)(i) obligations of the Borrower under performance bonds supporting workers’ compensation obligations and self insurance
obligations, and (ii) obligations of the Borrower under appeal, bid, performance and surety bonds or other similar instruments, in each case entered in the ordinary course of business; 

(o) Indebtedness incurred by Holdings or any of its Subsidiaries in an aggregate principal amount not to exceed $10,000,000 at any time
outstanding arising from agreements providing for indemnification, adjustment of purchase price or similar obligations, or from guarantees, letters of credit, surety bonds or performance bonds securing the performance of the Borrower or any such
Subsidiary pursuant to such agreements, in connection with Investments permitted hereunder or Permitted Acquisitions or permitted dispositions of any business, assets or Subsidiary of Holdings or any of its Subsidiaries; 

(p) without duplication of any other Indebtedness, non-cash accruals of interest, accretion or amortization of original issue discount
and payment-in-kind interest with respect to Indebtedness permitted hereunder; 
 (q) any Indebtedness that replaces or
refinances any other Indebtedness initially incurred under any of clauses (h)(y) or (j)(y) of this Section 7.03, as long as, after giving effect thereto (i) the principal amount of the Indebtedness outstanding at such
time is not increased (except by the amount of any accrued interest, reasonable closing costs, expenses, fees, and premium paid in connection with such extension, renewal or replacement), (ii) the result of such refinancing of or replacement
shall not be an earlier maturity date or decreased weighted average life, (iii) the holders of such refinancing Indebtedness are not afforded covenants, defaults, rights or remedies, taken as a whole, which are materially more burdensome to the
obligor or obligors than those contained in the Indebtedness being extended, renewed or replaced, (iv) the obligor or obligors under any such refinancing Indebtedness and the collateral, if applicable, granted pursuant to any such refinancing
Indebtedness are the same (or in the case of collateral, the same or less than) as the obligor(s) and collateral under the Indebtedness being extended, renewed or replaced, (v) the subordination, to the extent applicable, and other material
provisions of the refinancing Indebtedness are no less favorable to the Lenders than those terms of the Indebtedness being refinanced, and (vi) the refinancing Indebtedness is not exchangeable or convertible into any other Indebtedness which
does not comply with clauses (i) through (v) above (any such refinancing complying with clauses (i) through (vi) above being referred to herein as a “Permitted Refinancing”); 

(r) other unsecured Indebtedness of the Borrower and its Subsidiaries, including Indebtedness of Foreign Subsidiaries, in an aggregate
principal amount not to exceed at any time $5,000,000; 

  
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 (s) if the Exchange Offer is consummated, then, from and after the Funding Date,
Indebtedness under the Senior Subordinated Notes in an aggregate principal amount not to exceed the amount set forth on Schedule 7.03(s) (as increased by any increased principal amount of Senior Subordinated Notes that remain outstanding
following the Exchange Offer as a result of the Borrower obtaining a Permitted Waiver); 
 (t) Indebtedness in respect of
netting services, overdraft protections and otherwise in connection with deposit accounts, in each case incurred in the ordinary course of business; 
 (u) Indebtedness consisting of the financing of insurance premiums in customary amounts and in the ordinary course of business; and 

(v) unsecured subordinated Indebtedness of Holdings in an aggregate principal amount not to exceed $25,000,000, which is subordinated
pursuant to subordination terms substantially in the form of Exhibit M or otherwise subject to subordination provisions in form and substance reasonably satisfactory to the Administrative Agent; provided that (i) all interest on
such Indebtedness is paid in kind by adding it to the principal balance thereof, (ii) such Indebtedness shall not mature, and Holdings shall not be required to pay any amount of principal of or interest on or other amount with respect to such
Indebtedness, in each case until at least the sixth anniversary of the Funding Date, (iii) the terms and conditions, taken as a whole, governing such Indebtedness are not materially more restrictive than the terms and conditions set forth in
this Agreement, and (iv) such Indebtedness shall not be guaranteed by any Subsidiary of Holdings (and no such Person shall otherwise be liable with respect to such Indebtedness). 

If the Chapter 11 Cases have commenced, from and after the Plan Effective Date, the foregoing exceptions shall not include any
Pre-Petition Indebtedness of the Domestic Subsidiaries except to the extent provided in the Reorganization Plan. 

Section 7.04. Fundamental Changes. Merge, amalgamate, dissolve, liquidate, consolidate with or into another Person, or
Dispose of (other than as permitted under Section 7.05) (whether in one transaction or in a series of transactions) all or substantially all of its assets (whether now owned or hereafter acquired) to or in favor of any Person, except
that, so long as no Event of Default exists or would result therefrom: 
 (a) any Subsidiary may merge with (i) the
Borrower, provided that the Borrower shall be the continuing or surviving Person, or (ii) any one or more other Subsidiaries, provided that when any Subsidiary that is a Guarantor is merging with another Subsidiary, the Subsidiary
that is the Guarantor shall be the continuing or surviving Person; 
 (b) any Subsidiary may Dispose of all or substantially all
of its assets (upon voluntary liquidation or otherwise) to the Borrower or to another Subsidiary; provided that if the transferor in such a transaction is a Guarantor, then the transferee must either be the Borrower or a Guarantor;

 (c) after the Funding Date, any merger, amalgamation or consolidation that constitutes a Permitted Acquisition by a Loan
Party, so long as a Loan Party is the surviving Person; 

  
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 (d) Holdings may engage in the SuperHoldings Formation Transaction; and 

(e) Holdings may engage in the Holdings Merger; provided that: 

(i) Holdings is the survivor of the Holding Merger, 

(ii) the Person merging with and into Holdings (A) shall be a Solvent corporation, limited liability company or
limited partnership organized and existing under the laws of the United States or any state thereof (including the District of Columbia), (B) shall have no other Indebtedness or other obligations or liabilities (other than incidental to the
consummation of the Holdings Merger and de minimus obligations or liabilities) or any Liens upon any of its property or assets, in each case immediately prior to giving effect to the Holdings Merger, and (C) shall not have engaged in any
business or activity or own any assets (other than de minimus assets) at any time prior to giving effect to the Holdings Merger, other than performing its obligations and activities incidental to the consummation of the Holdings Merger; 

(iii) the Holdings Merger is consummated on or prior to the Funding Date; and 

(iv) the aggregate amount of consideration paid by Holdings and its Subsidiaries in connection with the consummation of
the Holdings Merger shall not exceed the amount permitted under Section 7.06(m) hereof. 
 Section 7.05.
Dispositions. Make any Disposition or enter into any agreement to make any Disposition (except to the extent such agreement to make such Disposition is subject to the satisfaction in full of all the Obligations or subject to obtaining the
prior written consent of the Administrative Agent and the Required Lenders), except: 
 (a) Dispositions of obsolete, excess,
damaged, no longer useful or worn out property, whether now owned or hereafter acquired, in the ordinary course of business; 

(b)(i) Dispositions that do not constitute Asset Sales, and (ii) Dispositions of overdue accounts receivable in the ordinary course
of business and consistent with the past practices of the business of the Borrower; 
 (c) Dispositions of property by any
Subsidiary to the Borrower or to a wholly-owned Subsidiary; provided that if the transferor of such property is a Guarantor, the transferee thereof must either be the Borrower or another Subsidiary that is a Guarantor; 

(d) Dispositions of Investments permitted by Section 7.02 (other than Section 7.02(f)), Dispositions permitted by
Section 7.04 and Dispositions constituting Liens permitted by Section 7.01; 
 (e) Dispositions by the
Borrower and its Subsidiaries of property pursuant to sale and leaseback transactions, provided that the lesser of book value and fair market value of all property so Disposed of shall not exceed $2,500,000; 

  
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 (f) the Retail Facilities Disposition; provided that the Net Cash Proceeds received
in respect of Revolver Priority Collateral shall be applied to repay outstanding Loans and interest thereon in accordance with Section 2.09(b)(vi); 
 (g) Non-Core Dispositions; 
 (h) transactions contemplated by the applicable
Restructuring Documentation; 
 (i) any condemnation or eminent domain proceeding affecting any real property; and 

(j) Asset Sales, the proceeds of which (valued at the principal amount thereof in the case of non-cash proceeds consisting of notes or
other debt securities and valued at fair market value in the case of other non-cash proceeds) (i) are less than $5,000,000 with respect to any single Asset Sale or series of related Asset Sales and (ii) when aggregated with the proceeds of
all other Asset Sales made during the term of this Agreement, are less than $10,000,000; provided that the Net Cash Proceeds thereof shall be applied as (and to the extent) required hereunder and/or as and to the extent required under the
Replacement Term Loan Facility; 
 provided, however, that any Disposition pursuant to the foregoing clauses shall be for at least
fair market value and any Disposition pursuant to clauses (f), (g) and (j) shall be for at least 75% cash consideration payable at the closing of such Disposition. 

Section 7.06. Restricted Payments. Declare or make, directly or indirectly, any Restricted Payment, or incur any obligation
(contingent or otherwise) to do so (except to the extent such obligation is subject to the satisfaction in full of all the Obligations or subject to obtaining the prior written consent of the Administrative Agent and the Required Lenders), except
that: 
 (a) each Subsidiary may make Restricted Payments to the Borrower and to wholly-owned Subsidiaries (and, in the case of
a Restricted Payment by a non-wholly-owned Subsidiary, to the Borrower and any Subsidiary and to each other owner of capital stock or other Equity Interests of such Subsidiary on a pro rata basis (after giving effect to any preferred equity) based
on their relative ownership interests); 
 (b) Holdings, the Borrower and each Subsidiary may declare and make dividend payments
or other distributions payable solely in the common stock or other Equity Interests (other than Disqualified Equity Interests) of such Person; 
 (c) Holdings, the Borrower and each Subsidiary may purchase, redeem or otherwise acquire shares of its common stock or other Equity Interests with the proceeds received from the substantially concurrent
issue of new shares of its common stock or other Equity Interests (other than Disqualified Equity Interests); 
 (d) Holdings
may, and the Borrower may declare or pay cash dividends to Holdings for Holdings to, repurchase, redeem or otherwise acquire or retire for value any Equity Interests held by any past, present or future employee, consultant (other than the Back Stop
Parties) or director of Holdings, the Borrower or any Subsidiary pursuant to any management equity, subscription agreement, stock option agreement, shareholders agreement or similar agreement; provided that the aggregate price paid for all
such repurchased, redeemed, acquired or retired Equity Interests shall not exceed $3,500,000 in the aggregate; 

  
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 (e) so long as no Event of Default shall have occurred and be continuing or shall be caused
thereby, the Borrower may make Restricted Payments to Holdings (i) in an aggregate amount not to exceed $500,000 (or, following an Initial Public Offering, $1,500,000) in any fiscal year, to the extent necessary to permit Holdings to pay
general administrative costs and expenses (and Holdings may make Restricted Payments to SuperHoldings from any Restricted Payment received by it pursuant to this clause (e)(i) to pay general administrative costs and expenses of SuperHoldings) and
(ii) to the extent necessary to permit Holdings to discharge the consolidated tax liabilities of Holdings and its Subsidiaries, in each case so long as Holdings applies the amount of any such Restricted Payment for such purpose (and Holdings
may make Restricted Payments to SuperHoldings from any Restricted Payment received by it pursuant to this clause (e)(ii) to discharge the consolidated tax liabilities of SuperHoldings and its Subsidiaries, in each case so long as SuperHoldings
applies the amount of any such Restricted Payment for such purpose); 
 (f) the Borrower may pay, or make Restricted Payments to
Holdings to allow it to pay, amounts to the Back Stop Parties and their respective Affiliates adequate to reimburse such Persons for (i) the amount of actual and documented expenses incurred in connection with the Management Agreement for the
benefit of Holdings or any of its Subsidiaries and (ii) from and after the Funding Date, in equal quarterly installments (except that any management or similar fees paid in 2011 pursuant to this clause (ii) shall solely be paid in the
fourth fiscal quarter of 2011 (but may be paid in one or more installments in such fourth fiscal quarter)), management fees (including for purposes of consulting or financial advisory services) or similar fees to the Back Stop Parties or their
respective Affiliates, in the aggregate not exceeding $1,500,000 per fiscal year for such fees (provided if, as of the last day of any fiscal year, the Leverage Ratio (determined for such fiscal year by reference to the Compliance Certificate
delivered pursuant to Section 6.02(a) calculating the Leverage Ratio as of the last day of such fiscal year) shall be (x) less than or equal to 3.50:1.00 but greater than 3.00:1.00 during the fiscal year immediately succeeding such
fiscal year, the Borrower may pay, or make Restricted Payments to Holdings to allow it to pay, amounts pursuant to this clause (f)(ii) in an aggregate amount not to exceed $2,000,000 during the immediately succeeding fiscal year, (y) less than
or equal to 3.00:1.00 but greater than 2.50:1.00 during the fiscal year immediately succeeding such fiscal year, the Borrower may pay, or make Restricted Payments to Holdings to allow it to pay, amounts pursuant to this clause (f)(ii) in an
aggregate amount not to exceed $3,000,000 during the immediately succeeding fiscal year or (z) less than or equal to 2.50:1.00 during the fiscal year immediately succeeding such fiscal year, the Borrower may pay, or make Restricted Payments to
Holdings to allow it to pay, amounts pursuant to this clause (f)(ii) in an aggregate amount not to exceed $5,000,000 during the immediately succeeding fiscal year); provided that in any event such management or similar fees (but not the
amounts under clause (f)(i)) shall be subordinated to the Obligations on terms satisfactory to the Administrative Agent, and that upon the occurrence of a Default or an Event of Default and during the continuance thereof, no payment of any
management fees or similar distributions to the Back Stop Parties or any of their respective Affiliates shall be permitted under this Section, it being understood that nothing in this clause (f) shall prevent the accrual of unpaid management or
similar fees; 

  
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 (g) Holdings and its Subsidiaries may repay or prepay or otherwise refinance the
Indebtedness under the Existing Term Loan Agreement and the Existing Revolving Credit Agreement with the proceeds of the Loans and the Replacement Term Loan Facility, and may make distributions and payments contemplated under the applicable
Restructuring Documentation (including the payments and conversions of Indebtedness described in Section 4.02(v)), including payments not exceeding $2,000,000 in the aggregate in settlement of Indebtedness under the Reliable Notes (as
provided in the Exchange Offering Memorandum) concurrently with consummation of the Exchange Offer; 
 (h) from and after the
Funding Date, the Borrower may repay, prepay or purchase (and retire) Indebtedness under the Senior Subordinated Notes in an aggregate principal amount not to exceed the amount set forth on Schedule 7.03(s) (as increased by any increased
principal amount of Senior Subordinated Notes that remain outstanding following the Exchange Offer as a result of the Borrower obtaining a Permitted Waiver); 
 (i) Holdings, the Borrower and each Subsidiary may make voluntary or optional prepayments of (i) Indebtedness under the Loan Documents, (ii) intercompany Indebtedness among Holdings, the
Borrower and its Subsidiaries and (iii) other Indebtedness to the extent permitted by Section 7.18; 
 (j)
Holdings, the Borrower and each Subsidiary may make voluntary or optional prepayments in connection with a Permitted Refinancing of Indebtedness of such Person otherwise permitted hereunder; 

(k) Holdings and the Borrower may make Restricted Payments with the proceeds of any contribution to common equity of Holdings by the
Equity Investors (which contribution is simultaneously contributed to the Borrower), but excluding any proceeds of Initial Public Offerings, provided that (i) such Restricted Payment is made within 30 days after the receipt of such
contribution and (ii) no Event of Default exists or would result from such Restricted Payment; 
 (l) the Borrower and each
Subsidiary may make other Restricted Payments permitted hereunder (other than amounts under clause (d) of the definition of “Restricted Payment”) so long as, before and after giving pro forma effect to such Restricted Payment,
(i) Excess Availability on the date of such payment and for the period of 30 days prior to the date of such payment is not less than the greater of 17.5% of the Borrowing Base and $11,000,000, (ii) the Borrower has a Consolidated Fixed
Charge Coverage Ratio (for the twelve fiscal month period most recently ended for which financial statements are required to have been delivered to the Administrative Agent pursuant to Section 6.01(c), determined on a pro forma basis as
if such Restricted Payment had been made on the last day of the month most recently ended) of not less than 1.0:1.0, (iii) no Default or Event of Default has occurred and is continuing or would occur immediately thereafter as a result thereof
and (iv) the Administrative Agent shall have received a Compliance Certificate from the Borrower demonstrating compliance with clause (ii) above; and 
 (m) Holdings may pay consideration to shareholders of Holdings in an amount not to exceed $100,000 in connection with the consummation of the Holdings Merger in accordance with Section 7.04(e)
hereof. 

  
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 Section 7.07. Change in Nature of Business. (a) Engage in any material line
of business substantially different from those lines of business conducted by the Borrower and its Subsidiaries on the Funding Date or any business substantially related, complementary, ancillary or incidental thereto or reasonable extensions
thereof (except that Holdings and its Subsidiaries may engage in non-core businesses acquired in connection with a Permitted Acquisition) or (b) in the case of Holdings, create or acquire any direct new subsidiary. 

Section 7.08. Transactions With Affiliates. Enter into any transaction of any kind with any Affiliate of the Borrower,
whether or not in the ordinary course of business, other than on fair and reasonable terms no less favorable to the Borrower or such Subsidiary as would be obtainable by the Borrower or such Subsidiary at the time in a comparable arm’s length
transaction with a Person other than an Affiliate, provided that the foregoing restriction shall not apply to: 
 (a)
transactions (i) between or among Holdings, the Borrower and any Subsidiary that is a Guarantor (subject to the restrictions contained in Section 7.13) and (ii) solely between Foreign Subsidiaries; 

(b) payment of reasonable directors fees to Persons who are not otherwise Affiliates of Holdings and its Subsidiaries and customary
indemnification agreements with directors and officers of Holdings and its Subsidiaries; 
 (c) Restricted Payments that are
permitted under Section 7.06(d), (f), (g) and (m); 
 (d) transactions or payments
pursuant to any employee compensation or benefit plans or arrangements entered into in the ordinary course of business, including, without limitation, (i) the performance of Holdings’ or any Subsidiary’s obligations under any
employment contract, collective bargaining agreement, employee benefit plan, related trust agreement or any other similar arrangement heretofore or hereafter entered into in the ordinary course of business and (ii) the maintenance of benefit
programs or arrangements for employees, officers or directors, including, without limitation, vacation plans, health and life insurance plans, deferred compensation plans, and retirement or savings plans and similar plans, in each case, in the
ordinary course of business; 
 (e) transactions with customers, clients, suppliers or purchasers or sellers of goods or
services, in each case in the ordinary course of business and otherwise in compliance with the terms hereof that are on terms no less favorable than those that would have been obtained in a comparable transaction with an unrelated party or on terms
that are approved by the Borrower’s Board of Directors, including a majority of the disinterested directors; 
 (f)
Investments that are permitted under Section 7.02(b); 
 (g) Indebtedness that is permitted under Sections
7.03(e) and 7.03(f); 
 (h) the Transaction, the Holdings Merger (to the extent permitted by
Section 7.04(e)) and the transactions contemplated by the applicable Restructuring Documentation and the SuperHoldings Formation Transaction; 

  
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 (i) the Management Agreement; provided that payment of management fees thereunder
shall be subject to the provisions of Section 7.06; and 
 (j) transactions pursuant to any contract or agreement in
effect on the Funding Date and listed in Schedule 7.08, as any such contract or agreement listed on such Schedule may be amended, modified or replaced from time to time so long as the amended, modified or new agreements, taken as a whole, are
no less favorable to Holdings and its Subsidiaries than those in effect on the Funding Date. 
 Section 7.09. Burdensome
Agreements. 
 (a) Restrictions on Subsidiary Distributions. Except as provided herein or, if the Chapter 11 Cases
have commenced, the Interim Approval Order, the Final Approval Order or the Confirmation Order, or as required by the Bankruptcy Code, no Loan Party shall, nor shall it permit any of its Subsidiaries to, create or otherwise cause or suffer to exist
or become effective any consensual encumbrance or restriction of any kind on, or enter into any Contractual Obligation that limits, the ability of any Subsidiary of the Borrower to (i) pay dividends or make any other distributions on any of
such Subsidiary’s Equity Interests owned by the Borrower or any other Subsidiary of the Borrower, (ii) repay or prepay any Indebtedness owed by such Subsidiary to the Borrower or any other Subsidiary of the Borrower, (iii) make loans
or advances to the Borrower or any other Subsidiary of the Borrower or Guarantee the Obligations of the Borrower, or (iv) transfer, lease or license any of its property or assets to the Borrower or any other Subsidiary of the Borrower, other
than restrictions (1) in agreements evidencing capital leases permitted by Section 7.03(j) or Indebtedness permitted by Section 7.03(j) or (q) that impose restrictions on the Person or property so acquired,
(2) in the Loan Documents or the Replacement Term Loan Facility (and its related credit documents), (3) contained in financing documentation governing Indebtedness incurred by a Foreign Subsidiary pursuant to Section 7.03(r),
so long as they operate only upon the occurrence and during the continuation of an event of default under the documentation governing such foreign financing and only bind such Foreign Subsidiary; (4) restrictions existing under or by reason of
(A) applicable law (including rules, regulations and agreements with regulatory authorities), (B) any agreement in effect at the time a Person first became a Subsidiary of such Loan Party, so long as such agreement was not entered into
solely in contemplation of such Person becoming a Subsidiary of such Loan Party and such restrictions are limited to such Subsidiary and its Subsidiaries, or (C) provisions with respect to distributions of assets or property in joint venture
agreements, asset sale agreements, stock sale agreements and other similar agreements not otherwise prohibited hereunder; provided that such encumbrances or restrictions apply only to the assets or property subject to such joint venture,
asset sale, stock sale or similar agreement or to the assets or property being sold, as the case may be, (5) encumbrances or restrictions existing under or by reason of Liens permitted under Section 7.01 securing Indebtedness
otherwise permitted to be incurred under Section 7.03 that limit the right of the debtor to dispose of the assets that are subject to such Liens, (6) by reason of customary provisions restricting assignments, subletting or other
transfers contained in leases, licenses, joint venture agreements and similar agreements entered into in the ordinary course of business, (7) that are or were created by virtue of any transfer of, agreement to transfer or option or right with
respect to any property, assets or Equity Interests not otherwise prohibited under this Agreement or (8) described on Schedule 7.09(a). 

  
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 (b) No Further Negative Pledges. Except with respect to (i) specific property
encumbered to secure payment of particular Indebtedness not otherwise prohibited under this Agreement (so long as such restriction applies only to the property encumbered to secure such Indebtedness), (ii) restrictions by reason of customary
provisions restricting assignments, subletting or other transfers contained in leases, licenses and similar agreements entered into in the ordinary course of business (provided that such restrictions are limited to the property or assets
secured by such Liens or the property, assets or rights subject to such leases, licenses or similar agreements, as the case may be), (iii) subject to the Intercreditor Agreement, the Replacement Term Loan Facility, and (iv) restrictions
identified on Schedule 7.09(b); (v) restrictions pursuant to Contractual Obligations assumed in connection with permitted Investments, so long as such restrictions apply solely to the assets acquired in the Investment;
(vi) restrictions contained in any agreement governing Indebtedness of any Loan Party or its Subsidiaries permitted hereby, so long as such restrictions are no more restrictive in any material respect than those contained in this Agreement or
the other Loan Documents and (vii) provisions with respect to the creation or assumption of any such Liens (x) in joint venture agreements or (y) in executed asset sale agreements or stock sale agreements governing dispositions of
assets to the extent permitted by Section 7.05 (provided that, for purposes of this clause (vii), such Liens may apply only to the assets or property subject to such joint venture or executed asset sale or stock sale agreement or
to the assets or property being sold, as the case may be), no Loan Party or any of its Subsidiaries shall enter into any agreement prohibiting the creation or assumption of any Lien upon any of its properties or assets, whether now owned or
hereafter acquired, to secure the Obligations. 
 Section 7.10. Use of Proceeds. Use the proceeds of any Credit
Extension, whether directly or indirectly, and whether immediately, incidentally or ultimately, to purchase or carry margin stock (within the meaning of Regulation U of the FRB) or to extend credit to others for the purpose of purchasing or carrying
margin stock or to refund indebtedness originally incurred for such purpose. 
 Section 7.11. Disposal of Subsidiary
Interests. Except for any sale of all of its interests in the Equity Interests of any of its Subsidiaries in compliance with the provisions of Section 7.04 or 7.05 or an Investment in a joint venture in compliance with the
provisions of Section 7.02(p) or (q), no Loan Party shall, nor shall it permit any of its Subsidiaries to, (a) directly or indirectly sell, assign, pledge or otherwise encumber or dispose of any Equity Interests of any of its
Subsidiaries, except to qualify directors if required by applicable law; or (b) permit any of its Subsidiaries directly or indirectly to sell, assign, pledge or otherwise encumber or dispose of any Equity Interests of any of its Subsidiaries,
except to another Loan Party (subject to the restrictions on such disposition otherwise imposed hereunder), or to qualify directors if required by applicable law. 
 Section 7.12. Fiscal Periods. Change its fiscal year or fiscal quarters from those in effect on the Funding Date. 
 Section 7.13. Holding Company. Holdings shall not (a) incur, directly or indirectly, any Indebtedness or any other obligation or liability whatsoever other than the Indebtedness and
obligations under this Agreement, the other Loan Documents, the Replacement Term Loan Facility Documents or Indebtedness permitted under Section 7.03(v) and, in each case, the credit

  
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documents related thereto (other than nonconsensual obligations imposed by operation of law); (b) create or suffer to exist any Lien upon any property or assets now owned or hereafter
acquired, leased or licensed by it other than the Liens created under the Security Documents to which it is a party or permitted pursuant to Section 7.01; (c) engage in any business or activity or own any assets other than
(i) holding 100% of the Equity Interests of the Borrower, (ii) performing its obligations and activities incidental thereto under the Loan Documents, and to the extent not inconsistent therewith, prior to the Funding Date, the Existing
Revolving Credit Agreement and the Existing Term Loan Agreement and, on and after the Funding Date, this Agreement, the Loan Documents, the Replacement Term Loan Facility Documents and the credit documents related thereto, (iii) performing its
obligations and activities incidental to the consummation of the transactions contemplated by the applicable Restructuring Documentation; (iv) making Restricted Payments and Investments to the extent permitted by this Agreement,
(v) incurring and holding any Indebtedness permitted pursuant to Section 7.03(b), (c), (d), (h)(x), (i), (l) or (o), (vi) participating in tax, accounting and administrative
activities as part of the consolidated group of the Borrower, and (vii) issuing and selling Equity Interests, and repurchasing such interests, to the extent neither the issuance thereof nor the investment therein is otherwise prohibited by the
terms of this Agreement, and receiving equity contributions in respect thereof (and subsequently contributing such equity contributions to the Borrower), and (viii) engaging in the SuperHoldings Formation Transaction if it elects to do so and
the Holdings Merger to the extent permitted by Section 7.04(e); (d) consolidate with or merge with or into, or convey, transfer, lease or license all or substantially all its assets to, any Person other than pursuant to the
SuperHoldings Formation Transaction and the Holdings Merger to the extent permitted by Section 7.04(e); (e) sell or otherwise dispose of any Equity Interests of any of its Subsidiaries (except for any sale of Equity Interests of any
of its Subsidiaries in compliance with the provisions of Sections 7.04 or 7.05); (f) create or acquire any direct Subsidiary or make or own any Investment in any Person other than the Borrower; or (g) fail to hold itself out
to the public as a legal entity separate and distinct from all other Persons. 
 Section 7.14. Financial Covenants.

 (a) During the continuance of a Covenant Compliance Event, permit the Consolidated Fixed Charge Coverage Ratio, calculated as
of the last day of the twelve fiscal months of the Loan Parties then last ended (in each case taken as one accounting period) for which financial statements are required to have been delivered to the Administrative Agent pursuant to
Section 6.01(a) or (c) (the “Test Period”), to be less than 1.0 to 1.0. As used herein, a “Covenant Compliance Event” (i) shall occur at any time after the Funding Date if the Excess
Availability Requirement is not met at such time and (ii) shall be deemed to be continuing until the Excess Availability Requirement has been met after such occurrence for the first full fiscal month thereafter. 

(b) For purposes of determining compliance with the financial covenant set forth in Section 7.14(a) above, cash equity
contributions (which equity shall be common equity or other “qualified” equity on terms and conditions reasonably acceptable to the Administrative Agent) made to the Borrower after the beginning of the relevant fiscal month and on or prior
to the day that is 10 days after the day on which the applicable financial statements are required to be delivered (such 10-day period being referred to herein as the “Interim Period”) for such fiscal month will, at the request of
the Borrower, be included in the calculation of Consolidated 

  
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Adjusted EBITDA solely for the purposes of determining compliance with such financial covenant at the end of such fiscal month and applicable subsequent periods which include such fiscal month
(any such equity contribution so included in the calculation of Consolidated Adjusted EBITDA, a “Specified Equity Contribution”); provided that (a) Specified Equity Contributions may be made no more than four times in
any twelve fiscal month period and no more than six times during the term of this Agreement, (b) the amount of any Specified Equity Contribution shall be no greater than the amount required to cause the Borrower to be in pro forma compliance
with such financial covenant, (c) the Borrower shall not be permitted to borrow hereunder during the Interim Period until the relevant Specified Equity Contribution has been made and (d) all Specified Equity Contributions shall be
disregarded for purposes of determining any baskets calculated on the basis of Consolidated Adjusted EBITDA contained herein and in the other Loan Documents. 
 Section 7.15. Pro forma Calculations. Any determination of the Consolidated Fixed Charge Coverage Ratio or Consolidated Adjusted EBITDA for any trailing twelve fiscal month period (a
“Determination Period”) during which a Permitted Acquisition or an Asset Sale has been consummated (or for purposes of determining whether the conditions set forth in clause (i) of the definition of “Permitted
Acquisition” or in Section 7.02(f) are satisfied) shall be made as follows: (1) all components of the Consolidated Fixed Charge Coverage Ratio and Consolidated Adjusted EBITDA shall be calculated as if such Permitted
Acquisition or Asset Sale had occurred on the first day of the relevant Determination Period, and (2) such components may, at the option of the Borrower, be adjusted to give effect to Pro-Forma Adjustments. “Pro-Forma
Adjustments” means, with respect to any Permitted Acquisition or Asset Sale, any synergies or reductions, including without limitation operating expense reductions, or other pro forma adjustments arising out of events which are directly
attributable to any such Permitted Acquisition or Asset Sale, as applicable, that (x) would be permitted to be included in a pro-forma calculation consistent with Article 11 of Regulation S-X promulgated under the Securities Act of 1933, as
amended, or (y) are otherwise reasonably estimated by the Borrower in good faith and on the basis of reasonable assumptions to be realized within 12 months of the date of consummation of such Permitted Acquisition or Asset Sale, so long as such
synergies, reductions or other pro forma adjustments with respect to any Permitted Acquisition are set forth in the Permitted Acquisition Certificate delivered by the Borrower to the Administrative Agent with respect to such Permitted Acquisition.
For purposes of any such determination, Pro-Forma Adjustments for any Permitted Acquisition or Asset Sale shall be allocated to the fiscal month in which such Permitted Acquisition or Asset Sale is consummated and the immediately preceding eleven
consecutive fiscal months on a simple arithmetic basis. In addition, when determining on any date whether the conditions set forth in Section 7.02(f) are satisfied on any date, the Consolidated Fixed Charge Coverage Ratio and the
Consolidated Adjusted EBITDA to be used shall be those set forth in the Compliance Certificate most recently delivered prior to such date, adjusted to give pro-forma effect (in accordance with this Section 7.15) to all Permitted
Acquisitions consummated (or proposed to be consummated) after the last day of the fiscal month with respect to which such Compliance Certificate was delivered and on or prior to such date. In the event that (i) the Borrower or any of its
Subsidiaries incurs, assumes, Guarantees, repays, repurchases or redeems any Indebtedness or issues, repurchases or redeems any Equity Interests in any case subsequent to the commencement of the period for which the Consolidated Fixed Charge
Coverage Ratio is being calculated and on or prior to the date on which the event for which the calculation of the Consolidated Fixed Charge Coverage Ratio is made, then the 

  
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Consolidated Fixed Charge Coverage Ratio shall be calculated giving pro forma effect to such incurrence, assumption, Guarantee, repayment, repurchase or redemption of Indebtedness, or such
issuance, repurchase or redemption of Equity Interests, and the use of the proceeds therefrom as if the same had occurred at the beginning of the applicable twelve-fiscal-month reference period. 

Section 7.16. Amendments or Waivers of Organization Documents and Certain Related Agreements and Other Documents. Except as
set forth in Section 7.17 or otherwise pursuant to the Reorganization Plan, no Loan Party shall, nor shall it permit any of its Subsidiaries to, (a) agree to any material amendment, restatement, supplement or other modification to,
or waiver of, any of its Organization Documents that would adversely affect in any material respect the Lenders or their rights in the good faith judgment of the Administrative Agent or the Required Lenders after the Execution Date without obtaining
the prior written consent of the Required Lenders to such amendment, restatement, supplement or other modification or waiver, (b) (i) agree to any amendment, restatement, supplement or other modification to, or waiver of, any Replacement
Term Loan Facility Document to the extent prohibited by the Intercreditor Agreement or to the extent such amendment, restatement, supplement or other modification or waiver would cause the aggregate required scheduled amortization of any
Indebtedness under the Replacement Term Loan Agreement to be greater than $3,000,000 during any fiscal year of the Borrower (excluding, for the avoidance of doubt, any excess cash flow prepayments required thereunder) or (ii) make any payment
consistent with any such amendment, restatement, supplement or other modification or (c) agree to any amendment, restatement, supplement or other modification to, or waiver of, the Interim Approval Order, the Final Approval Order, the
Reorganization Plan, the Confirmation Order or the Exchange Offer Documentation that would adversely affect in any material respect the Lenders or their rights after the Execution Date, as determined in good faith by the Administrative Agent (it
being understood and agreed that any modification to the priority of the administrative claims set forth in the Interim Approval Order or Final Approval Order shall be deemed to be a modification that is materially adverse to the rights
and interests of the Lenders for purposes hereof), without obtaining the prior written consent of the Administrative Agent and the Required Lenders to such amendment, restatement, supplement or other modification or waiver. 

Section 7.17. Amendments or Waivers with respect to Existing Indebtedness. Except pursuant to the applicable Restructuring
Documentation, no Loan Party shall, nor shall it permit any of its Subsidiaries to, amend or otherwise change the terms of any Existing Indebtedness or make any payment consistent with an amendment thereof or change thereto, if the effect of such
amendment or change is to increase the interest rate on such Existing Indebtedness, change (to earlier dates) any dates upon which payments of principal or interest are due thereon, change any event of default or condition to an event of default
with respect thereto (other than to eliminate any such event of default or increase any grace period related thereto), change the redemption, prepayment or defeasance provisions thereof, change the subordination provisions of the Senior Subordinated
Notes, or if the effect of such amendment or change, together with all other amendments or changes made, is to increase materially the obligations of the obligor thereunder or to confer any additional rights on the holders of such Existing
Indebtedness (or a trustee or other representative on their behalf) which would be adverse to any Loan Party or Lenders. 

  
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 Section 7.18. Prepayments of Indebtedness. Except to the extent
specifically permitted by Section 7.06 hereof, make any prepayments in respect of principal of Indebtedness permitted hereunder (other than intercompany Indebtedness among Holdings, the Borrower and its Subsidiaries) or repurchase or
redeem any such Indebtedness (it being understood that payments of scheduled amortization and payments at or after scheduled maturity are not prepayments, repurchases or redemptions restricted by this Section 7.18), except: 

(a) the Borrower and each Subsidiary may make prepayments in respect of Indebtedness permitted hereunder or repurchase or redeem any such
Indebtedness so long as, before and after giving pro forma effect to such prepayment, redemption or repurchase, (i) Excess Availability on the date of such payment and for the period of 30 days prior to the date of such payment is not less than
the greater of 15% of the Borrowing Base and $9,000,000, (ii) the Borrower has a Consolidated Fixed Charge Coverage Ratio (for the twelve fiscal month period most recently ended for which financial statements are required to have been delivered
to the Administrative Agent pursuant to Section 6.01(c), determined on a pro forma basis as if such prepayment or repurchase had been made on the last day of the month most recently ended) of not less than 1.0:1.0, (iii) no Default
or Event of Default has occurred and is continuing or would occur immediately thereafter as a result thereof and (iv) the Administrative Agent shall have received a Compliance Certificate from the Borrower demonstrating compliance with clause
(ii) above; and 
 (b) the Borrower and each Subsidiary may make prepayments to the extent required under clauses
(a)-(g) of Section 2.14 of the Replacement Term Loan Facility as in effect on the date hereof. 
 ARTICLE 8 

EVENTS OF DEFAULT AND REMEDIES 
 Section 8.01. Events of Default. Any of the following shall constitute an Event of Default: 
 (a) Non-Payment. The Borrower or any other Loan Party fails to pay (i) when and as required to be paid herein, any amount of principal of any Loan or any LC Exposure, or (ii) within five
Business Days after the same becomes due, any interest on any Loan, any LC Exposure or any commitment or other fee due hereunder, or any other amount payable hereunder or under any other Loan Document; or 

(b) Specific Covenants. The Borrower fails to perform or observe any term, covenant or agreement contained in any of Sections
2.04(f), 6.01(a), 6.01(b), 6.01(c), 6.02(b), 6.03(a), 6.05, 6.10(a), 6.11, 6.12, 6.13(a), 6.14 (after a two (2) Business Day grace period), 6.15 or 6.18 or
Article 7; or 
 (c) Other Defaults. (i) Any Loan Party fails to perform or observe any other covenant or
agreement (other than those covered by subsection (a) or (b) above) contained in any Loan Document on its part to be performed or observed and (x) if such covenant or agreement is contained in Section 6.03, such failure
continues for five Business Days, (y) if such covenant or agreement is contained in Section 6.07, such failure continues for five Business Days after 

  
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written notice thereof from the Administrative Agent to the Borrower or (z) otherwise, such failure continues for 30 days after written notice thereof from the Administrative Agent to the
Borrower; (ii) there occur any uninsured losses to Collateral which would reasonably be expected to result in a Material Adverse Effect; or (iii) the termination of any Guaranty (except for the release or termination of Guarantees as may
otherwise be permitted under this Agreement); or 
 (d) Representations and Warranties. Any representation, warranty,
certification or statement of fact made or deemed made by or on behalf of the Borrower or any other Loan Party herein, in any other Loan Document, or in any document delivered in connection herewith or therewith shall be incorrect or misleading in
any material respect when made or deemed made; or 
 (e) Cross-Default. (i) The Borrower or any Subsidiary
(A) fails to pay any principal, interest or other amount when due (whether by scheduled maturity, required prepayment, acceleration, demand, or otherwise, but after the expiration of any applicable grace periods) in respect of any Indebtedness
(other than Indebtedness hereunder) 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) or Swap Termination Value of
more than $5,000,000, or (B) fails to observe or perform any other agreement or condition relating to any such Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event occurs, the
effect of which default or other event is to cause, or to permit the holder or holders of such Indebtedness (or a trustee or agent on behalf of such holder or holders or beneficiary or beneficiaries) to cause, with the giving of notice if required
and after the expiration of any applicable grace periods, such Indebtedness to be demanded or to become due or to be repurchased, prepaid, defeased or redeemed (automatically or otherwise), or an offer to repurchase, prepay, defease or redeem such
Indebtedness to be made, prior to its stated maturity; or (ii) there occurs under any Swap Contract an Early Termination Date (as defined in such Swap Contract) resulting from (A) any event of default under such Swap Contract as to which
the Borrower or any Subsidiary is the Defaulting Party (as defined in such Swap Contract) or (B) any Termination Event (as so defined) under such Swap Contract as to which the Borrower or any Subsidiary is an Affected Party (as so defined) and,
in either event, the Swap Termination Value owed by the Borrower or such Subsidiary as a result thereof is greater than $5,000,000; provided, in each case, that to the extent such failures or such Early Termination Date are in connection with
the Chapter 11 Cases, if the Chapter 11 Cases have commenced, such failures or such Early Termination Date shall not result in an Event of Default hereunder; or 
 (f) Insolvency Proceedings, Etc. Any Loan Party or any of its Subsidiaries institutes or consents to the institution of any proceeding under any Debtor Relief Law, or makes an assignment for the
benefit of creditors; or applies for or consents to the appointment of any receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar officer for it or for all or any material part of its property; or any receiver, trustee,
custodian, conservator, liquidator, rehabilitator or similar officer is appointed without the application or consent of such Person and the appointment continues undischarged or unstayed for 60 calendar days; or any proceeding under any Debtor
Relief Law relating to any such Person or to all or any material part of its property is instituted without the consent of such Person and continues undismissed or unstayed 

  
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for 60 calendar days, or an order for relief is entered in any such proceeding; provided, in each case, that to the extent such actions are in connection with the Chapter 11 Cases, if the
Chapter 11 Cases have commenced, such actions shall not result in an Event of Default hereunder; or 
 (g) Inability to Pay
Debts; Attachment. (i) The Borrower or any Subsidiary becomes unable or admits in writing its inability or fails generally to pay its debts as they become due, or (ii) any writ or warrant of attachment or execution or similar process
is issued or levied against all or any material part of the property of any such Person and is not released, vacated or fully bonded within 30 consecutive days after its issue or levy; provided, in each case, that to the extent any such
inability, event or process is in connection with the Chapter 11 Cases, if the Chapter 11 Cases have commenced, such inability, event or process shall not result in an Event of Default hereunder; or 

(h) Judgments. There is entered against the Borrower or any Subsidiary (i) a final judgment or order for the payment of money
in an aggregate amount exceeding $5,000,000 (to the extent not covered by independent third-party insurance as to which the insurer does not dispute coverage or indemnities from indemnitors reasonably satisfactory to the Administrative Agent), or
(ii) any one or more non-monetary final judgments that have, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect and, in either case, (A) such judgment or order is undischarged, unvacated,
unstayed or not fully bonded within 60 consecutive days after its entry or (B) enforcement proceedings are commenced by any creditor to attach or levy upon any assets of any Loan Party to enforce such judgment or order; provided, in each
case, that to the extent any such judgment is in connection with the Chapter 11 Cases, if the Chapter 11 Cases have commenced, such judgment shall not result in an Event of Default hereunder; or 

(i) ERISA. (i) An ERISA Event occurs with respect to a Pension Plan or Multiemployer Plan which has resulted or could
reasonably be expected to result in liability of Holdings or any of its Subsidiaries under Title IV of ERISA to the Pension Plan, Multiemployer Plan or the PBGC in an aggregate amount in excess of $5,000,000, or (ii) the Borrower or any ERISA
Affiliate fails to pay when due, after the expiration of any applicable grace period, any installment payment with respect to its withdrawal liability under Section 4201 of ERISA under a Multiemployer Plan and an liability to Holdings or any of
its Subsidiaries in an aggregate amount in excess of $5,000,000 could reasonably be expected to result; or 
 (j) Invalidity
of Loan Documents. Any Loan Document, at any time after its execution and delivery and for any reason other than as expressly permitted hereunder or satisfaction in full of all the Obligations (other than contingent indemnification obligations
and expense reimbursement obligations not yet due and payable), ceases to be in full force and effect in any material respect; or any Loan Party or any other Person contests in any manner the validity or enforceability of any Loan Document; or any
Loan Party denies that it has any or further liability or obligation under any Loan Document, or purports to revoke, terminate or rescind any Loan Document; or 
 (k) Invalidity of Security Interests. At any time on or after the Funding Date, any Lien purported to be created under any Security Document shall cease to be, or shall be asserted by any Loan
Party not to be, a valid and perfected Lien on any Collateral, with the priority required 

  
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by, and subject to the limitations set forth in, the applicable Security Document, except (i) as a result of a sale or other disposition of the applicable Collateral in a transaction
permitted under the Loan Documents, (ii) as a result of the Administrative Agent’s failure to maintain possession of any stock certificates, promissory notes or other documents delivered to it under the Security Agreement or (iii) to
the extent the perfection of such Lien is pending following the timely filing of documentation sufficient under applicable Law to perfect such Liens; or 
 (l) Change of Control. There occurs any Change of Control; or 
 (m) The
Chapter 11 Cases. If the Chapter 11 Cases have been filed, then prior to the Plan Effective Date: 
 (i)
entry of an order or filing of a motion by any Loan Party, or any Loan Party supporting the entry of an order or filing of a motion, (A) authorizing, approving, granting or seeking additional Post Petition financing under Section 364(c) or
(d) of the Bankruptcy Code other than Indebtedness permitted under this Agreement or as provided in the Interim Approval Order and/or Final Approval Order, (B) entry of an order dismissing, or any Loan Party seeking the dismissal of, any
of the Chapter 11 Cases or converting any of the Chapter 11 Cases to a Chapter 7 case, (C) appointing a Chapter 11 trustee or an examiner in any of the Chapter 11 Cases having enlarged powers (beyond those set forth under Sections 1106(a)(3)
and (4) of the Bankruptcy Code), (D) granting, any other super-priority claim senior to or pari passu with the super-priority claims of the Administrative Agent and the Lenders (except for those superpriority claims described in the
Interim Approval Order or the Final Approval Order, whichever is then in effect, as claims permitted to be pari passu or senior) with respect to the Indebtedness owed thereunder, (E) authorizing or approving any other action materially adverse
to the Secured Parties or their rights and remedies under the Loan Documents, the Existing Revolving Credit Facility and documents in connection therewith or under the Interim Approval Order or the Final Approval Order, whichever is then in effect
(it being understood and agreed that any modification to the priority of the administrative claims set forth in the Interim Approval Order or Final Approval Order shall be deemed materially adverse to the rights and interests of the
Secured Parties for purposes hereof), or their interest in any material portion of the Collateral, or (F) granting relief from the automatic stay to permit any secured creditor (other than the Secured Parties) to enforce or otherwise take
action with respect to any material Collateral; or 
 (ii) the commencement of any action, suit or proceeding
before any Governmental Authority against any of the Secured Parties (solely in their capacities as such under the Loan Documents) by or on behalf of any Loan Party or any of its Affiliates, officers or employees; or 

(iii) once entered by the Bankruptcy Court, the Interim Approval Order (prior to entry of the Final Approval Order) shall
cease to be in full force and effect or shall have been (in a manner that is adverse to the Administrative Agent or the Lenders as determined in good faith by the Administrative Agent) reversed, modified, amended, stayed or vacated, in the case of
any modification or amendment that is adverse to the Lenders (as determined in good faith by the Administrative Agent), without the prior written consent of the Administrative Agent and the Required Lenders; or 

  
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 (iv) the Final Approval Order shall not have been entered by the Bankruptcy
Court on or before the date that is 45 days after the entry of the Interim Approval Order; or 
 (v) once entered
by the Bankruptcy Court, the Final Approval Order shall cease to be in full force and effect or shall have been (in a manner that is adverse to the Administrative Agent or the Lenders as determined in good faith by the Administrative Agent)
reversed, modified, amended, stayed or vacated, in the case of any modification or amendment that is adverse to the Lenders (as determined in good faith by the Administrative Agent), without the prior written consent of the Administrative Agent and
the Required Lenders; or 
 (vi) after entry thereof, the Confirmation Order shall cease to be in full force and
effect or shall have been (in a manner that is adverse to the Administrative Agent or the Lenders as determined in good faith by the Administrative Agent) reversed, modified, amended, stayed, vacated or made subject to stay pending appeal, in the
case of any modification or amendment that is adverse to the Lenders (as determined in the good faith judgment of the Administrative Agent and the Required Lenders), without the prior written consent of the Administrative Agent and the Required
Lenders; or 
 (vii) breach by any Loan Party of any provisions of the Interim Approval Order or the Final
Approval Order, which breach is material as determined in good faith by the Administrative Agent, or the Confirmation Order, in each case upon or after entry of the relevant order by the Bankruptcy Court; or 

(viii) there shall arise any claim having priority over any or all administrative expenses of the kind specified in clause
(b) of Section 503 or clause (b) of Section 507 of the Bankruptcy Code having a priority senior to or pari passu with the Obligations, except as expressly provided herein or in the Interim Approval Order or the Final Approval
Order (including but not limited to the carve-out set forth therein), whichever is then in effect; or 
 (ix) the
Restructuring Support Agreement shall be terminated by any party thereto or shall otherwise cease to be in full force and effect, or shall have been amended, supplemented or otherwise modified in any manner that in the good faith judgment of the
Administrative Agent and the Required Lenders materially and adversely affects the interests, rights or remedies of any or all of the Administrative Agent and the Lenders, or (y) any party to the Restructuring Support Agreement shall have
breached the Restructuring Support Agreement in any manner that in the good faith judgment of the Administrative Agent and the Required Lenders materially and adversely affects the interests, rights or remedies of any or all of the Administrative
Agent and the Lenders; or 
 (x) the Backstop Agreement shall be terminated by any party thereto or shall
otherwise cease to be in full force and effect, or shall have been amended, supplemented 

  
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or otherwise modified in any manner that in the good faith judgment of the Administrative Agent and the Required Lenders materially and adversely affects the interests, rights or remedies of any
or all of the Administrative Agent and the Lenders, or (y) any party to the Backstop Agreement shall have breached the Backstop Agreement in any manner that in the good faith judgment of the Administrative Agent and the Required Lenders
materially and adversely affects the interests, rights or remedies of any or all of the Administrative Agent and the Lenders; or 
 (n) Dissolution. Other than in connection with the Chapter 11 Cases, any order, judgment or decree shall be entered against any Loan Party decreeing the dissolution or split up of such Loan Party
and such order shall remain undischarged or unstayed for a period in excess of thirty days. 
 Section 8.02. Remedies
Upon Event of Default. If any Event of Default occurs and is continuing, the Administrative Agent shall, at the request of, or may, with the consent of, the Required Lenders, take any or all of the following actions: 

(a) declare the commitment of each Lender to make Loans and any obligation of the Issuing Bank to make LC Credit Extensions to be
terminated, whereupon such commitments and obligation shall be terminated; 
 (b) declare the unpaid principal amount of all
outstanding Loans, all interest accrued and unpaid thereon, and all other amounts owing or payable hereunder or under any other Loan Document to be immediately due and payable, without presentment, demand, protest or other notice of any kind, all of
which are hereby expressly waived by the Borrower; and 
 (c) require that the Borrower Cash Collateralize the LC Exposure; and

 (d) exercise on behalf of itself, the Issuing Bank and the Lenders all rights and remedies available to it, the Issuing Bank
and the Lenders under the Loan Documents or applicable Law; 
 provided, however, that upon the occurrence of an actual or deemed
entry of an order for relief with respect to the Borrower under the Bankruptcy Code of the United States, the obligation of each Lender to make Loans and any obligation of the Issuing Bank to make LC Credit Extensions shall automatically terminate,
the unpaid principal amount of all outstanding Loans and all interest and other amounts as aforesaid shall automatically become due and payable, and the obligation of the Borrower to Cash Collateralize the LC Exposure as aforesaid shall
automatically become effective, in each case without further act of the Administrative Agent or any Lender. 
 ARTICLE 9

 THE ADMINISTRATIVE AGENT 
 Section 9.01. Appointment and Authorization. (a) Each Lender hereby irrevocably appoints, designates and authorizes the Administrative Agent to take such action on its behalf under the
provisions of this Agreement and each other Loan Document and to exercise such powers and perform such duties as are expressly delegated to it by the terms of this Agreement 

  
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or any other Loan Document, together with such powers as are reasonably incidental thereto. Notwithstanding any provision to the contrary contained elsewhere herein or in any other Loan Document,
the Administrative Agent shall not have any duties or responsibilities, except those expressly set forth herein. The Administrative Agent shall not have or be deemed to have any fiduciary relationship with any Lender or participant, and no implied
covenants, functions, responsibilities, duties, obligations or liabilities shall be read into this Agreement or any other Loan Document or otherwise exist against the Administrative Agent. Without limiting the generality of the foregoing sentence,
the use of the term “agent” herein and in the other Loan Documents with reference to the Administrative Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any
applicable Law. Instead, such term is used merely as a matter of market custom, and is intended to create or reflect only an administrative relationship between independent contracting parties. 

(b) Each of the Lenders (including in its capacity as a Secured Bank Product Provider) hereby further authorizes the Administrative Agent
to enter into the Intercreditor Agreement and any amendments thereto on behalf of such Lender. Without limiting the generality of the foregoing, each of the Lenders hereby authorizes and directs the Administrative Agent to bind each Lender to the
actions required by such Lender under the terms of the Intercreditor Agreement. 
 (c) The provisions of this Article are solely
for the benefit of the Administrative Agent, the Lenders and the Issuing Bank, and the Borrower shall not have rights as a third party beneficiary of any of such provisions. 
 Section 9.02. Delegation of Duties. The Administrative Agent may execute any of its duties under this Agreement or any other Loan Document by or through agents, employees or attorneys-in-fact
and shall be entitled to advice of counsel and other consultants or experts concerning all matters pertaining to such duties. The Administrative Agent shall not be responsible for the negligence or misconduct of any agent or attorney-in-fact that it
selects in the absence of gross negligence or willful misconduct. 
 Section 9.03. Liability of Administrative
Agent. No Agent-Related Person shall (a) be liable for any action taken or omitted to be taken by it under or in connection with this Agreement or any other Loan Document or the transactions contemplated hereby (i) with the consent or
at the request of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary, or as such Agent-Related Person shall believe in good faith shall be necessary, under the circumstances as provided in Sections
10.02 and 8.02) or (ii) in the absence of its own gross negligence or willful misconduct in connection with its duties expressly set forth herein, (b) be responsible in any manner to any Lender or participant for any recital,
statement, representation or warranty made by any Loan Party or any officer thereof, contained herein or in any other Loan Document, or in any certificate, report, statement or other document referred to or provided for in, or received by the
Administrative Agent under or in connection with, this Agreement or any other Loan Document, or the validity, effectiveness, genuineness, enforceability or sufficiency of this Agreement or any other Loan Document, or for any failure of any Loan
Party or any other party to any Loan Document to perform its obligations hereunder or thereunder, or (c) 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 

  
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Loan Documents that such Agent-Related Person 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 the Administrative Agent shall not be required to take any action that, in its opinion or the opinion of its counsel, may expose the Administrative Agent to liability or that
is contrary to any Loan Document or applicable law. No Agent-Related Person shall be under any obligation to any Lender or participant to ascertain or to inquire as to the observance or performance of any of the agreements contained in, or
conditions of, this Agreement or any other Loan Document, or to inspect the properties, books or records of any Loan Party or any Affiliate thereof. 
 Section 9.04. Reliance by the Administrative Agent. 
 (a) The
Administrative Agent shall be entitled to rely, and shall be fully protected in relying, upon any writing, communication, signature, resolution, representation, notice, consent, certificate, affidavit, letter, telegram, facsimile, telex or telephone
message, electronic mail message, statement or other document or conversation believed by it to be genuine and correct and to have been signed, sent or made by the proper Person or Persons, and upon advice and statements of legal counsel (including
counsel to any Loan Party), independent accountants and other experts selected by the Administrative Agent. The Administrative Agent shall be fully justified in failing or refusing to take any action under any Loan Document unless it shall first
receive such advice or concurrence of the Required Lenders as it deems appropriate and, if it so requests, it shall first be indemnified to its satisfaction by the Lenders against any and all liability and expense which may be incurred by it by
reason of taking or continuing to take any such action. The Administrative Agent shall in all cases be fully protected in acting, or in refraining from acting, under this Agreement or any other Loan Document in accordance with a request or consent
of the Required Lenders (or such greater number of Lenders as may be expressly required hereby in any instance) and such request and any action taken or failure to act pursuant thereto shall be binding upon all the Lenders. 

(b) For purposes of determining compliance with the conditions specified in Sections 4.01 and 4.02, each Lender that has
signed this Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to a Lender unless the
Administrative Agent shall have received notice from such Lender prior to the proposed Execution Date or Funding Date, as applicable, specifying its objection thereto. 
 Section 9.05. Notice of Default. The Administrative Agent shall not be deemed to have knowledge or notice of the occurrence of any Default, except with respect to defaults in the payment of
principal, interest and fees required to be paid to the Administrative Agent for the account of the Lenders, unless the Administrative Agent shall have received written notice from a Lender or the Borrower referring to this Agreement, describing
such Default and stating that such notice is a “notice of default.” The Administrative Agent will notify the Lenders of its receipt of any such notice. The Administrative Agent shall take such action with respect to such Default as may be
directed by the Required Lenders in accordance with Article 8; provided, however, that unless and until the Administrative Agent has received any such direction, the Administrative Agent may (but shall not be obligated to) take such
action, or refrain from taking such action, with respect to such Default as it shall deem advisable or in the best interest of the Lenders. 

  
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 Section 9.06. Credit Decision; Disclosure of Information by the Administrative
Agent. Each Lender acknowledges that no Agent-Related Person has made any representation or warranty to it, and that no act by the Administrative Agent hereafter taken, including any consent to and acceptance of any assignment or review of the
affairs of any Loan Party or any Affiliate thereof, shall be deemed to constitute any representation or warranty by any Agent-Related Person to any Lender as to any matter, including whether Agent-Related Persons have disclosed material information
in their possession. Each Lender represents to the Administrative Agent that it has, independently and without reliance upon any Agent-Related Person and based on such documents and information as it has deemed appropriate, made its own appraisal of
and investigation into the business, prospects, operations, property, financial and other condition and creditworthiness of the Loan Parties and their respective Subsidiaries, and all applicable bank or other regulatory Laws relating to the
transactions contemplated hereby, and made its own decision to enter into this Agreement and to extend credit to the Borrower and the other Loan Parties hereunder. Each Lender also represents that it will, independently and without reliance upon any
Agent-Related Person and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit analysis, appraisals and decisions in taking or not taking action under this Agreement and the other Loan
Documents, and to make such investigations as it deems necessary to inform itself as to the business, prospects, operations, property, financial and other condition and creditworthiness of the Borrower and the other Loan Parties. Except for notices,
reports and other documents expressly required to be furnished to the Lenders by the Administrative Agent herein, the Administrative Agent shall not have any duty or responsibility to provide any Lender with any credit or other information
concerning the business, prospects, operations, property, financial and other condition or creditworthiness of any of the Loan Parties or any of their respective Affiliates which may come into the possession of any Agent-Related Person. 

Section 9.07. Indemnification of the Administrative Agent. Whether or not the transactions contemplated hereby are
consummated, the Lenders shall indemnify upon demand the Administrative Agent (and its officers, directors, employees, agents and attorneys in fact which are acting on behalf of the Administrative Agent) (to the extent not reimbursed by or on behalf
of any Loan Party and without limiting the obligation of any Loan Party to do so), pro rata, and hold harmless the Administrative Agent (and its officers, directors, employees, agents and attorneys in fact which are acting on behalf of the
Administrative Agent) from and against any and all Indemnified Liabilities incurred by it; provided, however, that no Lender shall be liable for the payment to the Administrative Agent (and its officers, directors, employees, agents
and attorneys in fact which are acting on behalf of the Administrative Agent) of any portion of such Indemnified Liabilities to the extent determined in a final, nonappealable judgment by a court of competent jurisdiction to have resulted from the
Administrative Agent’s (and its officers, directors, employees, agents and attorneys in fact which are acting on behalf of the Administrative Agent) own gross negligence or willful misconduct; provided, however, that no action
taken in accordance with the directions of the Required Lenders shall be deemed to constitute gross negligence or willful misconduct for purposes of this Section. Without limitation of the foregoing, each Lender shall reimburse the Administrative
Agent upon demand for its ratable share of any costs or out-of-pocket expenses (including Attorney Costs) incurred by the 

  
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Administrative Agent in connection with the preparation, execution, delivery, administration, modification, amendment or enforcement (whether through negotiations, legal proceedings or otherwise)
of, or legal advice in respect of rights or responsibilities under, this Agreement, any other Loan Document, or any document contemplated by or referred to herein, to the extent that the Administrative Agent is not reimbursed for such expenses by or
on behalf of the Borrower. The undertaking in this Section shall survive termination of the Aggregate Commitments, the payment of all other Obligations and the resignation of the Administrative Agent. 

Section 9.08. Administrative Agent in Its Individual Capacity. Bank of America and its Affiliates may make loans to, issue
letters of credit for the account of, accept deposits from, acquire equity interests in and generally engage in any kind of banking, trust, financial advisory, underwriting or other business with each of the Loan Parties and their respective
Affiliates as though Bank of America was not the Administrative Agent hereunder and without notice to or consent of the Lenders. The Lenders acknowledge that, pursuant to such activities, Bank of America or its Affiliates may receive information
regarding any Loan Party or its Affiliates (including information that may be subject to confidentiality obligations in favor of such Loan Party or such Affiliate) and acknowledge that the Administrative Agent shall be under no obligation to provide
such information to them. With respect to its Loans, Bank of America shall have the same rights and powers under this Agreement as any other Lender and may exercise such rights and powers as though it were not an Administrative Agent, and the terms
“Lender” and “Lenders” include Bank of America in its individual capacity. 
 Section 9.09.
Successor Administrative Agent. (a) The Administrative Agent may resign as Administrative Agent upon 30 days’ notice to the Lenders. If the Administrative Agent resigns under this Agreement, the Required Lenders shall appoint from
among the Lenders a successor administrative agent for the Lenders, which successor administrative agent shall be consented to by the Borrower at all times other than during the existence of an Event of Default (which consent of the Borrower shall
not be unreasonably withheld or delayed). If no successor administrative agent is appointed prior to the effective date of the resignation of the Administrative Agent, the Administrative Agent may appoint, after consulting with the Lenders and the
Borrower, a successor administrative agent from among the Lenders; provided that any such successor administrative agent shall be either a domestic office of a commercial bank organized under the laws of the United States or any State
thereof, or a United States branch of a bank that is organized under the laws of another jurisdiction, in either case which has a combined capital and surplus of at least $500,000,000. Upon the acceptance of its appointment as successor
administrative agent hereunder, the Person acting as such successor administrative agent shall succeed to all the rights, powers and duties of the retiring Administrative Agent and the term “Administrative Agent” shall mean such successor
administrative agent and the retiring Administrative Agent’s appointment, powers and duties as Administrative Agent shall be terminated. After any retiring Administrative Agent’s resignation hereunder as Administrative Agent, the
provisions of this Article 9 and Sections 11.04 and 11.05 shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Administrative Agent under this Agreement. If no successor administrative
agent has accepted appointment as Administrative Agent by the date which is 30 days following a retiring Administrative Agent’s notice of resignation, the retiring Administrative Agent’s resignation shall nevertheless thereupon become
effective and the Lenders shall perform all of the duties of the Administrative Agent hereunder until such time, if any, as the Required Lenders appoint a successor agent as provided for above. 

  
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 (b) Any resignation by Bank of America as administrative agent pursuant to
this Section 9.09 shall also constitute its resignation as lender of the Swingline Loans to the extent that Bank of America is acting in such capacity at such time. Upon the acceptance of a successor’s appointment as Administrative
Agent hereunder, (i) such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring lender of the Swingline Loans and (ii) the retiring lender of the Swingline Loans shall be
discharged from all of its duties and obligations hereunder or under the other Loan Documents. 
 Section 9.10.
Administrative Agent May File Proofs of Claim. In case of the pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other judicial proceeding relative to any Loan Party, the
Administrative Agent (irrespective of whether the principal of any Loan or LC Exposure shall then be due and payable as herein expressed or by declaration or otherwise and irrespective of whether the Administrative Agent shall have made any demand
on the Borrower) shall be entitled and empowered, by intervention in such proceeding or otherwise: 
 (a) to file and prove a
claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans, LC Exposure and all other Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the
claims of the Lenders, the Issuing Bank and the Administrative Agent (including any claim for the reasonable compensation, expenses, disbursements and advances of the Lenders, the Issuing Bank and the Administrative Agent and their respective agents
and counsel and all other amounts due the Lenders, the Issuing Bank and the Administrative Agent under Sections 2.05 and 11.04) allowed in such judicial proceeding; and 

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

and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized
by each Lender and the Issuing Bank to make such payments to the Administrative Agent and, in the event that the Administrative Agent shall consent to the making of such payments directly to the Lenders and the Issuing Bank, to pay to the
Administrative Agent any amount due for the reasonable compensation, expenses, disbursements and advances of the Administrative Agent and its agents and counsel, and any other amounts due the Administrative Agent under Sections 2.05 and
11.04. 
 Nothing contained herein shall be deemed to authorize the Administrative Agent to authorize or consent to or
accept or adopt on behalf of any Lender or the Issuing Bank any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any Lender or the Issuing Bank to authorize the Administrative Agent to vote in
respect of the claim of any Lender or the Issuing Bank in any such proceeding. 
 Section 9.11. Collateral and Guaranty
Matters. (a) The Lenders and the Issuing Bank irrevocably authorize the Administrative Agent, at its option and in its discretion (and subject to the provisions of the Intercreditor Agreement), 

  
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 (i) to release any Lien on any property granted to or held by the
Administrative Agent under any Loan Document (A) upon termination of the Aggregate Commitments and payment in full of all Obligations (other than contingent indemnification obligations and expense reimbursement obligations not yet due and
payable) and the expiration or termination of all Letters of Credit, (B) that is sold or to be sold as part of or in connection with any sale permitted hereunder or under any other Loan Document, or (C) subject to
Section 11.01, if approved, authorized or ratified in writing by the Required Lenders; 
 (ii) to
subordinate any Lien on any property granted to or held by the Administrative Agent under any Loan Document to the holder of any Lien on such property that is permitted by Section 7.01(j); and 

(iii) to release any Guarantor from its obligations under the Guaranty if such Person ceases to be a Subsidiary as a
result of a transaction permitted hereunder. 
 Upon request by the Administrative Agent at any time, the Required Lenders will
confirm in writing the Administrative Agent’s authority to release or subordinate its interest in particular types or items of property, or to release any Guarantor from its obligations under the Guaranty pursuant to this
Section 9.11. 
 (b) The Administrative Agent may, at its option, from time to time, at any time upon the occurrence
of an Event of Default and for so long as the same is continuing or upon any other failure of a condition precedent to the making of Loans hereunder, make such disbursements and advances (“Special Agent Advances”) which
Administrative Agent, in its sole discretion, deems necessary or desirable either (i) to preserve or protect the Collateral or any portion thereof or (ii) to pay any other amount chargeable to the Borrower pursuant to the terms of this
Agreement or any of the other Loan Documents consisting of costs, fees and expenses and payments to any Issuing Bank (provided that in no event shall (x) Special Agent Advances for such purpose exceed the amount equal to $7,000,000 in
the aggregate outstanding at any time less the then outstanding Revolving Loans, Swingline Loans and Letters of Credit under Section 9.13 hereof and (y) Special Agent Advances plus the Revolving Exposure exceed the Lenders’
Commitments at the time of such Event of Default or cause any Lender’s Revolving Exposure to exceed such Lender’s Commitment at the time of such Event of Default). Special Agent Advances shall be repayable on demand and be secured by the
Collateral. Special Agent Advances shall not constitute Loans but shall otherwise constitute Obligations hereunder. Administrative Agent shall notify each Lender and the Borrower in writing of each such Special Agent Advance, which notice shall
include a description of the purpose of such Special Agent Advance. Each Lender agrees that it shall make available to Administrative Agent, upon Administrative Agent’s demand, in immediately available funds, the amount equal to such
Lender’s Pro Rata Percentage of each such Special Agent Advance. If such funds are not made available to Administrative Agent by such Lender, Administrative Agent shall be entitled to recover such funds, on demand from such Lender together with
interest thereon for each day from the date such payment was due until the date such amount is paid to Administrative Agent at the Federal Funds Rate for each day during such period (as published by the Federal Reserve Bank of New York or at
Administrative Agent’s option based on the arithmetic mean determined by Administrative Agent of the rates for the last transaction in overnight Federal funds arranged prior to 9:00 a.m. 

  
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(New York City time) on that day by each of the three leading brokers of Federal funds transactions in New York City selected by Administrative Agent) and if such amounts are not paid within
three (3) days of Administrative Agent’s demand, at the highest interest rate provided for in Section 2.06(a). 
 Section 9.12. Bank Product Providers. Each Secured Bank Product Provider, by delivery of a notice to the Administrative Agent of a Bank Product, agrees to be bound by this Article IX
and Section 10.02. Each Secured Bank Product Provider shall indemnify and hold harmless Agent-Related Persons, to the extent not reimbursed by the Loan Parties, against all claims that may be incurred by or asserted against any
Agent-Related Person in connection with such provider’s Secured Bank Product Obligations. 
 Section 9.13.
Additional Loans. The Administrative Agent shall not make (and shall prohibit the Issuing Bank and Swingline Lender, as applicable, from making) any Revolving Loans or provide any Letters of Credit to the Borrower on behalf of Lenders
intentionally and with actual knowledge that such Revolving Loans, Swingline Loans, or Letters of Credit would cause the aggregate amount of the Revolving Exposure to exceed the Borrowing Base, without the prior consent of all Lenders, except, that,
Administrative Agent may make (or cause to be made) such additional Revolving Loans or Swingline Loans or provide such additional Letters of Credit on behalf of Lenders, intentionally and with actual knowledge that such Loans or Letters of Credit
will cause the total outstanding Revolving Exposure to exceed the Borrowing Base, as Administrative Agent may deem necessary or advisable in its discretion, provided, that: (a) the total principal amount of the additional Revolving
Loans, Swingline Loans, or additional Letters of Credit to the Borrower which Administrative Agent may make or provide (or cause to be made or provided) after obtaining such actual knowledge that the Revolving Exposure equals or exceeds the
Borrowing Base shall not exceed the amount equal to $7,000,000 outstanding at any time less the then Outstanding Amount of any Special Agent Advances and shall not cause the Revolving Exposure to exceed the Revolving Commitments of all of the
Lenders or the Revolving Exposure of a Lender to exceed such Lender’s Revolving Commitment, (b) if so requested by the Required Lenders by written notice to the Administrative Agent and the Borrower, the Administrative Agent shall cease to
provide any such additional Revolving Loans, Swingline Loans or Letters of Credit, and, within 3 Business Days after any such written notice, any such amounts outstanding in respect of such excess shall become due (or, in the case of any such
Letters of Credit, Swingline Loans and, to the extent required thereafter, Revolving Loans selected by the Borrower shall be prepaid in the amount of such excess, or, if no Loans are then outstanding, LC Exposure shall be Cash Collateralized in the
amount of such excess in accordance with Section 2.13(j)) and (c) without the consent of all Lenders, the Administrative Agent shall not permit any such additional Revolving Loans, Swingline Loans or Letters of Credit to remain
outstanding for more than sixty (60) days from the date such additional Revolving Loans, Swingline Loans or Letters of Credit were made or issued, as the case may be. Each Lender shall be obligated to pay to the Administrative Agent the amount
of its Pro Rata Percentage of any such additional Revolving Loans, Swingline Loans, or Letters of Credit; provided that the Administrative Agent is acting in accordance with the terms of this Section 9.13. 

  
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 ARTICLE 10 
 LC COLLATERAL ACCOUNT; APPLICATION OF COLLATERAL PROCEEDS 
 Section 10.01.
LC Collateral Account. 
 (a) The Administrative Agent is hereby authorized to establish and maintain at its office at 777
Main Street, 12th floor, Hartford, Connecticut 06115, in the name of the Administrative Agent and pursuant to a dominion and control Agreement, a restricted deposit account designated “The Borrower LC Collateral Account”. If the Funding
Date has occurred, each Loan Party shall deposit into the LC Collateral Account from time to time the Cash Collateral required to be deposited under Section 2.13(j) hereof. 

(b) The balance from time to time in such LC Collateral Account shall constitute part of the Collateral and shall not constitute payment
of the Obligations until applied as hereinafter provided. Notwithstanding any other provision hereof to the contrary, all amounts held in the LC Collateral Account shall constitute collateral security first for the liabilities in respect of Letters
of Credit outstanding from time to time and second for the other Obligations hereunder until such time as all Letters of Credit shall have been terminated and all of the liabilities in respect of Letters of Credit have been paid in full. All funds
in “The Borrower LC Collateral Account” may be invested in accordance with the provisions of Section 2.13(j). 
 Section 10.02. Application of Funds. After the exercise of remedies provided for in Section 8.02 (or after the Loans have automatically become immediately due and payable and the
LC Exposure has automatically been required to be Cash Collateralized as set forth in the proviso to Section 8.02), any amounts received on account of the Obligations (including without limitation, proceeds received by the Administrative
Agent in respect of any sale of, collection from, or other realization upon, all or any part of the Collateral (including, without limitation, pursuant to the exercise by the Administrative Agent of its remedies during the continuance of an Event of
Default) or otherwise received on account of the Obligations) shall, subject to the provisions of Sections 2.11 and 2.13(j), be applied in the following order: 

First, to the payment of all reasonable costs and out-of-pocket expenses, fees, commissions and taxes of such sale,
collection or other realization including, without limitation, compensation to the Administrative Agent and its agents and counsel, and all expenses, liabilities and advances made or incurred by the Administrative Agent in connection therewith;

 Second, to the payment of all other reasonable costs and out-of-pocket expenses of such sale,
collection or other realization including, without limitation, costs and expenses and all costs, liabilities and advances made or incurred by the other Secured Parties in connection therewith (other than in respect of Secured Bank Product
Obligations); 
 Third, to interest then due and payable on the Borrower’s Swingline Loan;

 Fourth, to the principal balance of the Swingline Loan outstanding until the same has been prepaid in
full; 

  
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 Fifth, to interest then due and payable on the Borrower’s
Revolving Loans and other amounts due pursuant to Sections 3.01, 3.04 and 3.05; 

Sixth, to Cash Collateralize all LC Exposures (to the extent not otherwise Cash Collateralized pursuant to the
terms hereof) plus any accrued and unpaid interest thereon; 
 Seventh, to the principal balance of
Revolving Borrowings then outstanding and all Obligations on account of Noticed Hedges, pro rata; 

Eighth, to all other Obligations pro rata; and 

Ninth, the balance, if any, as required by the Intercreditor Agreement or, in the absence of any such requirement,
to the Person lawfully entitled thereto (including the applicable Loan Party or its successors or assigns). 
 Amounts used to Cash
Collateralize the aggregate undrawn amount of Letters of Credit pursuant to clause Sixth above shall be applied to satisfy drawings under such Letters of Credit as they occur. If any amount remains on deposit as Cash Collateral after all
Letters of Credit have either been fully drawn or expired, such remaining amount shall be applied to the other Obligations, if any, in the order set forth above. Amounts distributed with respect to any Secured Bank Product Obligations shall be the
lesser of the maximum Secured Bank Product Obligations last reported to the Administrative Agent or the actual Secured Bank Product Obligations as calculated by the methodology reported to the Administrative Agent for determining the amount due. The
Administrative Agent shall have no obligation to calculate the amount to be distributed with respect to any Secured Bank Product Obligations, and may request a reasonably detailed calculation of such amount from the applicable Secured Party. If a
Secured Party fails to deliver such calculation within five days following request by the Administrative Agent, the Administrative Agent may assume the amount to be distributed is zero. 
 In the event that any such proceeds are insufficient to pay in full the items described in clauses (a) through (j) of this Section 10.02, the Loan Parties shall remain
liable for any deficiency. Notwithstanding the foregoing provisions, this Section 10.02 is subject to the provisions of Article 4 of the Intercreditor Agreement. 
 ARTICLE 11 
 MISCELLANEOUS 

Section 11.01. Amendments, Etc. No amendment or waiver of any provision of this Agreement or any other Loan Document, and no
consent to any departure by the Borrower or any other Loan Party therefrom, shall be effective unless in writing signed by the Required Lenders and the Borrower or the applicable Loan Party, as the case may be, and acknowledged by the Administrative
Agent, and each such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given; provided, however, that no such amendment, waiver or consent shall: 

(a) increase the Commitment of any Lender without the written consent of such Lender; 

  
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 (b) postpone any date fixed by this Agreement or any other Loan Document for any payment
(excluding mandatory prepayments) of principal, interest, fees or other amounts due to the Lenders (or any of them) or any scheduled termination of any Commitment hereunder or under any other Loan Document, or permit any Interest Period with a
duration longer than six months, in each case without the written consent of each Lender directly affected thereby; 
 (c)
reduce the principal of, or the rate of interest specified herein on, any Loan or LC Disbursement, or (subject to clause (ii) of the second proviso to this Section 11.01) any fees or other amounts payable hereunder or under any
other Loan Document without the written consent of each Lender directly affected thereby; provided, however, that only the consent of the Required Lenders shall be necessary (i) to amend the definition of “Default Rate”
or to waive any obligation of the Borrower to pay interest or fees in respect of Letters of Credit at the Default Rate or (ii) to amend any financial covenant hereunder (or any defined term used therein) even if the effect of such amendment
would be to reduce the rate of interest on any Loan or LC Disbursement or to reduce any fee payable hereunder; 
 (d) change
Section 2.10 or Section 10.02 in a manner that would alter the pro rata sharing of payments required thereby without the written consent of each Lender; 

(e) change any provision of this Section or the definition of “Required Lenders” or any other provision hereof specifying the
number or percentage of Lenders required to amend, waive or otherwise modify any rights hereunder or make any determination or grant any consent hereunder (except that, with the consent of the Required Lenders, additional extensions of credit
pursuant to this Agreement may be included in the determination of “Required Lenders” on substantially the same basis as the extensions of Loans are included on the Funding Date, and any technical amendments required to effect such
inclusion may be made), without the written consent of each Lender; 
 (f) change Section 11.07 in a manner that
would impose any additional restriction on the ability of any Lender to assign any of its rights or obligations under this Agreement; 
 (g) except as contemplated by Section 9.11, release all or substantially all of the Guarantors from their Guarantees without the written consent of each Lender; 

(h) except as contemplated by Section 9.11, release all or substantially all of the Collateral without the written consent of
each Lender; 
 (i) without the consent of all Lenders, materially change the definition of “Borrowing Base” or the
terms used therein; or 
 (j) without the consent of all Lenders, increase the Borrowing Base advance rates; 

and, provided further, that (i) no amendment, waiver or consent shall, unless in writing and signed by the Issuing Bank in addition to the
Lenders required above, affect the rights or duties of the Issuing Bank under this Agreement or any document relating to any Letter of Credit issued or to be issued by it; (ii) no amendment, waiver or consent shall, unless in writing and signed
by the Swingline Lender in addition to the Lenders required above, affect the rights or duties of the Swingline Lender under this Agreement; (iii) no amendment, waiver or consent shall, unless in

  
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writing and signed by the Administrative Agent in addition to the Lenders required above, affect the rights or duties of the Administrative Agent under this Agreement or any other Loan Document;
and (iv) the Fee Letter may be amended, or rights or privileges thereunder waived, in a writing executed only by the parties thereto. Notwithstanding anything to the contrary herein, no Defaulting Lender shall have any right to approve or
disapprove any amendment, waiver or consent hereunder, except that the Commitment of such Lender may not be increased or extended without the consent of such Lender. 
 Section 11.02. Notices and Other Communications; Facsimile Copies. 

(a) General. Unless otherwise expressly provided herein, all notices and other communications provided for hereunder shall be in
writing (including by facsimile transmission). All such written notices shall be mailed, faxed or delivered to the applicable address, facsimile number or (subject to subsection (c) below) electronic mail address, and all notices and other
communications expressly permitted hereunder to be given by telephone shall be made to the applicable telephone number, as follows: 
 (i) if to the Borrower, the Administrative Agent, the Swingline Lender or the Issuing Bank, to the address, facsimile number, electronic mail address or telephone number specified for such Person on
Schedule 10.02 or to such other address, facsimile number, electronic mail address or telephone number as shall be designated by such party in a notice to the other parties; and 

(ii) if to any other Lender, to the address, facsimile number, electronic mail address or telephone number specified in
its Administrative Questionnaire or to such other address, facsimile number, electronic mail address or telephone number as shall be designated by such party in a notice to the Borrower and the Administrative Agent. 

All such notices and other communications shall be deemed to be given or made upon the earlier to occur of (i) actual receipt by the relevant party
hereto and (ii) (A) if delivered by hand or by courier, when signed for by or on behalf of the relevant party hereto; (B) if delivered by mail, three Business Days after deposit in the mails, postage prepaid; (C) if delivered by
facsimile, when sent and receipt has been confirmed by telephone; and (D) if delivered by electronic mail (which form of delivery is subject to the provisions of subsection (c) below), when delivered; provided, however, that
notices and other communications to the Administrative Agent pursuant to Article 2 shall not be effective until actually received by such Person. In no event shall a voicemail message be effective as a notice, communication or confirmation
hereunder. 
 (b) Effectiveness of Electronically Transmitted Documents and Signatures. Loan Documents may be transmitted
and/or signed by facsimile or other electronic transmission. The effectiveness of any such documents and signatures shall, subject to applicable Law, have the same force and effect as manually-signed originals and shall be binding on all Loan
Parties, the Administrative Agent and the Lenders. The Administrative Agent may also require that any such documents and signatures be confirmed by a manually-signed original thereof; provided, however, that the failure to request or
deliver the same shall not limit the effectiveness of any electronically transmitted document or signature. 

  
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 (c) Limited Use of Electronic Mail. Electronic mail and Internet and intranet
websites may be used only (i) to distribute routine communications, such as financial statements and other information as provided in Section 6.02 and (ii) to distribute Loan Documents for execution by the parties thereto and
receive executed copies of such Loan Documents, and may not be used for any other purpose. 
 (d) Reliance by Administrative
Agent and Lenders. The Administrative Agent, the Issuing Bank and the Lenders shall be entitled to rely and act upon any notices (including a telephonic Borrowing Request) purportedly given by or on behalf of the Borrower by any Responsible
Officer even if (i) such notices were not made in a manner specified herein, were incomplete or were not preceded or followed by any other form of notice specified herein, or (ii) the terms thereof, as understood by the recipient, varied
from any confirmation thereof. The Borrower shall indemnify each Indemnitee of each of them from all losses, costs, expenses and liabilities resulting from the reliance by such Person on each notice purportedly given by or on behalf of the Borrower
by any Responsible Officer. All telephonic notices to and other communications with the Administrative Agent may be recorded by the Administrative Agent, and each of the parties hereto hereby consents to such recording. 

Section 11.03. No Waiver; Cumulative Remedies. No failure by any Lender, the Issuing Bank or the Administrative Agent to
exercise, and no delay by any such Person in exercising, 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. The rights, remedies, powers and privileges herein provided are cumulative and not exclusive of any rights, remedies, powers and privileges provided by
law. 
 Notwithstanding anything to the contrary contained herein or in any other Loan Document, the authority to enforce rights
and remedies hereunder and under the other Loan Documents against the Loan 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 Administrative Agent in accordance with Section 8.02 for the benefit of all the Lenders and the Issuing Bank; provided, however, that the foregoing shall not prohibit (a) the Administrative Agent
from exercising on its own behalf the rights and remedies that inure to its benefit (solely in its capacity as Administrative Agent) hereunder and under the other Loan Documents, (b) the Issuing Bank or the Swingline Lender from exercising the
rights and remedies that inure to its benefit (solely in its capacity as Issuing Bank or Swingline Lender, as the case may be) hereunder and under the other Loan Documents, (c) any Lender from exercising setoff rights in accordance with
Section 11.09 (subject to the terms of Section 2.17), or (d) 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 Loan Party under
any Debtor Relief Law; and provided, further, that if at any time there is no Person acting as Administrative Agent hereunder and under the other Loan Documents, then (i) the Required Lenders shall have the rights otherwise
ascribed to the Administrative Agent pursuant to Section 8.02 and (ii) in addition to the matters set forth in clauses (b), (c) and (d) of the preceding proviso and subject to Section 2.17, 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. 

  
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 Section 11.04. Attorney Costs, Expenses and Taxes. The Borrower agrees
(a) to pay or reimburse the Administrative Agent for all reasonable costs and documented out-of-pocket expenses incurred in connection with the development, preparation, negotiation and execution of this Agreement and the other Loan Documents
and any amendment, waiver, consent or other modification of the provisions hereof and thereof (whether or not the transactions contemplated hereby or thereby are consummated), and the consummation and administration of the transactions contemplated
hereby and thereby, including all Attorney Costs, and (b) to pay or reimburse the Administrative Agent and each Lender for all reasonable costs and out-of-pocket expenses incurred in connection with the enforcement, attempted enforcement, or
preservation of any rights or remedies under this Agreement or the other Loan Documents (including all such costs and expenses incurred during any “workout” or restructuring in respect of the Obligations and during any legal proceeding,
including any proceeding under any Debtor Relief Law), including all Attorney Costs. For the avoidance of doubt, the foregoing costs and expenses shall include (i) the Administrative Agent’s costs and expenses for due diligence, including,
without limitation, field examinations and appraisals, (ii) the Administrative Agent’s standard charges for field examinations, including a per diem field examiner charge and out-of-pocket expenses and (iii) all search, filing,
recording, title insurance and appraisal charges and fees and taxes related thereto, and other out-of-pocket expenses incurred by the Administrative Agent and the cost of independent public accountants and other outside experts retained by the
Administrative Agent or any Lender. All amounts due under this Section 11.04 shall be payable within ten Business Days after demand therefor. The agreements in this Section shall survive the termination of the Aggregate Commitments and
repayment of all other Obligations. 
 Section 11.05. Indemnification by the Borrower. Whether or not the
transactions contemplated hereby are consummated, the Borrower shall indemnify and hold harmless each Agent-Related Person, the Issuing Bank, the Swingline Lender, each Lender and each of their respective Affiliates, directors, officers, employees,
counsel, agents and attorneys-in-fact (collectively the “Indemnitees”) from and against any and all liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses and disbursements
(including Attorney Costs) of any kind or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating to or arising out of or in connection with (a) the execution, delivery,
enforcement, performance or administration of any Loan Document or any other agreement, letter or instrument delivered in connection with the transactions contemplated thereby or the consummation of the transactions contemplated thereby,
(b) any Commitment, Loan or the use or proposed use of the proceeds therefrom, (c) any actual or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated by the Borrower, any
Subsidiary or any other Loan Party, or any Environmental Liability related in any way to the Borrower, any Subsidiary or any other Loan Party, or (d) any actual or prospective claim, litigation, investigation or proceeding relating to any of
the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is
a party thereto (all the foregoing, collectively, the “Indemnified Liabilities”), in all cases, whether or not caused by or arising, in whole or in part, out of the negligence of the Indemnitee; provided that such indemnity
shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements are determined to have resulted from the gross
negligence or willful 

  
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misconduct of such Indemnitee. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar
information transmission systems in connection with this Agreement, nor shall any Indemnitee have any liability for any indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in
connection herewith or therewith (whether before or after the Execution Date). All amounts due under this Section 11.05 shall be payable within ten Business Days after demand therefor. The agreements in this Section shall survive the
resignation of the Administrative Agent, the Issuing Bank or the Swingline Lender, the replacement of any Lender, the termination of the Aggregate Commitments and the repayment, satisfaction or discharge of all the other Obligations. 

Section 11.06. Payments Set Aside. To the extent that any payment by or on behalf of the Borrower is made to the
Administrative Agent, the Issuing Bank or any Lender, or the Administrative Agent, the Issuing Bank or any Lender exercises its right of set-off, and such payment or the proceeds of such set-off or any part thereof is subsequently invalidated,
declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by the Administrative Agent, the Issuing Bank or such Lender in its discretion) to be repaid to a trustee, receiver or any other
party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and
effect as if such payment had not been made or such set-off had not occurred, and (b) each Lender and the Issuing Bank severally agrees to pay to the Administrative Agent upon demand its applicable share of any amount so recovered from or
repaid by the Administrative Agent, plus interest thereon from the date of such demand to the date such payment is made at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders and the Issuing
Bank under clause (b) of the preceding sentence shall survive the payment in full of the Obligations and the termination of this Agreement. 
 Section 11.07. Successors and Assigns. 
 (a) Generally. The
provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns permitted hereby, except that neither the Borrower nor any other Loan Party may assign or otherwise
transfer any of its rights or obligations hereunder without the prior written consent of the Administrative Agent and each Lender and no Lender may assign or otherwise transfer any of its rights or obligations hereunder except (i) to an
Eligible Assignee in accordance with the provisions of subsection (b) of this Section, (ii) by way of participation in accordance with the provisions of subsection (d) of this Section, or (iii) by way of pledge or assignment of a
security interest subject to the restrictions of subsection (f) or (h) of this Section (and any other attempted assignment or transfer by any party hereto shall be null and void). Nothing in this Agreement, expressed or implied, shall be
construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby, Participants to the extent provided in subsection (d) of this Section and, to the extent expressly contemplated
hereby, the Indemnitees) any legal or equitable right, remedy or claim under or by reason of this Agreement. 

  
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 (b) Assignments by Lenders. Any Lender may at any time assign to one or more Eligible
Assignees all or a portion of its rights and obligations under this Agreement (including all or a portion of any Commitment and any Loan at the time owing to it); provided that any such assignment shall be subject to the following conditions:

 (i) Minimum Amounts. 
 (A) in the case of an assignment of the entire remaining amount of the assigning Lender’s Commitment and the Loans at the time owing to it or in the case of an assignment to a Lender, an Affiliate of
a Lender or an Approved Fund, no minimum amount need be assigned; and 
 (B) in any case not described in
subsection (b)(i)(A) of this Section, the aggregate amount of the Commitment (which for this purpose includes Loans outstanding thereunder) or, if the Commitment is not then in effect, the principal outstanding balance of the Loans of the assigning
Lender subject to each such assignment, determined as of the date the Assignment and Assumption with respect to such assignment is delivered to the Administrative Agent or, if “Trade Date” is specified in the Assignment and Assumption, as
of the Trade Date, shall not be less than $5,000,000 unless each of the Administrative Agent and, so long as no Event of Default has occurred and is continuing, the Borrower otherwise consents (each such consent not to be unreasonably withheld or
delayed); provided, however, that concurrent assignments to members of an Assignee Group and concurrent assignments from members of an Assignee Group to a single assignee (or to an assignee and members of its Assignee Group) will be
treated as a single assignment for purposes of determining whether such minimum amount has been met. 
 (ii)
Proportionate Amounts. Each partial assignment shall be made as an assignment of a proportionate part of all the assigning Lender’s rights and obligations under this Agreement with respect to the Loans or the Commitment assigned;

 (iii) Required Consents. No consent shall be required for any assignment except to the extent required
by subsection (b)(i)(B) of this Section and, in addition: 
 (A) the consent of the Borrower (such consent not to
be unreasonably withheld or delayed) shall be required unless (1) an Event of Default has occurred and is continuing at the time of such assignment or (2) such assignment is to a Lender, an Affiliate of a Lender or an Approved Fund;
provided that the Borrower shall be deemed to have consented to any such assignment unless it shall object thereto by written notice to the Administrative Agent within five (5) Business Days after having received written notice thereof;

 (B) the consent of the Administrative Agent (such consent not to be unreasonably withheld or delayed) shall be
required if such assignment is to a Person that is not a Lender, an Affiliate of such Lender or an Approved Fund with respect to such Lender; and 
 (C) the consent of the Issuing Bank (such consent not to be unreasonably withheld or delayed) shall be required for any assignment that increases the obligation of the assignee to participate in exposure
under one or more Letters of Credit (whether or not then outstanding). 

  
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 (iv) Assignment and Assumption. The parties to each assignment shall
execute and deliver to the Administrative Agent an Assignment and Assumption, together with a processing and recordation fee of $3,500; provided, however, that the Administrative Agent may, in its sole discretion, elect to waive such
processing and recordation fee in the case of any assignment. The assignee, if it is not a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire. 

(v) No Assignment to the Borrower. No such assignment shall be made (A) to the Borrower or any of the
Borrower’s Affiliates or Subsidiaries, (B) to any Defaulting Lender or any of its Subsidiaries, or any Person who, upon becoming a Lender hereunder, would constitute any of the foregoing Persons described in this clause (B), or (C) to
a natural person. 
 (vi) Certain Additional Payments. In connection with any assignment of rights and
obligations of any Defaulting Lender hereunder, no such assignment shall be effective unless and until, in addition to the other conditions thereto set forth herein, the parties to the assignment shall make such additional payments to the
Administrative Agent in an aggregate amount sufficient, upon distribution thereof as appropriate (which may be outright payment, purchases by the assignee of participations or subparticipations, or other compensating actions, including funding, with
the consent of the Borrower and the Administrative Agent, the applicable pro rata share of Loans previously requested but not funded by the Defaulting Lender, to each of which the applicable assignee and assignor hereby irrevocably consent), to
(x) pay and satisfy in full all payment liabilities then owed by such Defaulting Lender to the Administrative Agent or any Lender hereunder (and interest accrued thereon) and (y) acquire (and fund as appropriate) its full pro rata share of
all Loans and participations in Letters of Credit and Swingline Loans in accordance with its Pro Rata Percentage. Notwithstanding the foregoing, in the event that any assignment of rights and obligations of any Defaulting Lender hereunder shall
become effective under applicable Law without compliance with the provisions of this paragraph, then the assignee of such interest shall be deemed to be a Defaulting Lender for all purposes of this Agreement until such compliance occurs. 

Subject to acceptance and recording thereof by the Administrative Agent pursuant to subsection (c) of this Section, from and after
the effective date specified in each Assignment and Assumption, the Eligible Assignee thereunder shall be a party to this Agreement and, to the extent of the interest assigned by such Assignment and Assumption, have the rights and obligations of a
Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment and Assumption
covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto) but shall continue to be entitled to the benefits of Sections 3.01, 3.04, 3.05, 11.04
and 11.05 with respect to facts and circumstances occurring prior to the effective date of such assignment. Upon request, the Borrower (at its expense) shall execute and deliver a Note to the assignee Lender. Any assignment or transfer by a
Lender of rights or obligations 

  
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under this Agreement that does not comply with this subsection shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in
accordance with subsection (d) of this Section. 
 (c) Register. The Administrative Agent, acting solely for this
purpose as an agent of the Borrower (and such agency being solely for tax purposes), shall maintain at the Administrative Agent’s Office a copy of each Assignment and Assumption delivered to it and a register for the recordation of the names
and addresses of the Lenders, and the Commitments of, and principal amounts of the Loans and LC Exposure owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be
conclusive absent manifest error, and the Borrower, the Administrative Agent and the Lenders may treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement,
notwithstanding notice to the contrary. In addition, the Administrative Agent shall maintain on the Register information regarding the designation, and revocation of designation, of any Lender as a Defaulting Lender. The Register shall be available
for inspection by the Borrower and any Lender, at any reasonable time and from time to time upon reasonable prior notice. 
 (d)
Participations. Any Lender may at any time, without the consent of, or notice to, the Borrower or the Administrative Agent, sell participations to any Person (other than a natural person, a Defaulting Lender or the Borrower or any of the
Borrower’s Affiliates or Subsidiaries) (each, a “Participant”) in all or a portion of such Lender’s rights and/or obligations under this Agreement (including all or a portion of its Commitment and/or the Loans owing to
it); provided that (i) such Lender’s obligations under this Agreement shall remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations and
(iii) the Borrower, the Administrative Agent, the Issuing Bank and the Lenders shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement. Any agreement or
instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce this Agreement and to approve any amendment, modification or waiver of any provision of this Agreement;
provided that such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any amendment, waiver or other modification described in clauses (a), (b) or (c) of the first proviso
to Section 11.01 that directly affects such Participant. Subject to subsection (e) of this Section, the Borrower agrees that each Participant shall be entitled to the benefits of Sections 3.01, 3.04 and 3.05 to
the same extent as if it were a Lender and had acquired its interest by assignment pursuant to subsection (b) of this Section. To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 11.09
as though it were a Lender, provided such Participant agrees to be subject to Section 2.10 as though it were a Lender. 
 (e) Limitations upon Participant Rights. A Participant shall not be entitled to receive any greater payment under Section 3.01 or 3.04 than the applicable Lender would have been
entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such Participant is made with the Borrower’s prior written consent. A Participant that would be a Foreign Lender if it were
a Lender shall not be entitled to the benefits of Section 3.01 unless the Borrower is notified of the participation sold to such Participant and such Participant agrees, for the benefit of the Borrower, to comply with
Section 3.01 as though it were a Lender. 

  
 152

 (f) Certain Pledges. Any Lender may at any time pledge or assign a security interest
in all or any portion of its rights under this Agreement (including under its Note, if any) to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank; provided that no such pledge
or assignment shall release such Lender from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto. 
 (g) Electronic Execution of Assignments. The words “execution,” “signed,” “signature,” and words of like import in any Assignment and Assumption shall be deemed to
include electronic signatures or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based recordkeeping system, as the case
may be, to the extent and as provided for in any applicable Law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on the
Uniform Electronic Transactions Act. 
 (h) Pledges. Notwithstanding anything to the contrary contained herein, any
Lender that is a Fund may create a security interest in all or any portion of the Loans owing to it and the Note, if any, held by it to the trustee for holders of obligations owed, or securities issued, by such Fund as security for such obligations
or securities, provided that unless and until such trustee actually becomes a Lender in compliance with the other provisions of this Section 11.07, (i) no such pledge shall release the pledging Lender from any of its
obligations under the Loan Documents and (ii) such trustee shall not be entitled to exercise any of the rights of a Lender under the Loan Documents even though such trustee may have acquired ownership rights with respect to the pledged interest
through foreclosure or otherwise. 
 Section 11.08. Confidentiality. Each of the Administrative Agent, the Issuing
Bank and the Lenders agrees to maintain the confidentiality of the Information (as defined below), except that Information may be disclosed (a) to its Affiliates and to its and its Affiliates’ directors, officers, trustees, employees and
agents, including accountants, legal counsel and other advisors (it being understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information
confidential), (b) to the extent requested by any regulatory authority (including any self-regulatory authority, such as the National Association of Insurance Commissioners), (c) to the extent required by applicable Laws or regulations or
by any subpoena or similar legal process, (d) to any other party hereto, (e) in connection with the exercise of any remedies hereunder or under any other Loan Document or any action or proceeding relating to this Agreement or any other
Loan Document or the enforcement of rights hereunder or thereunder, (f) subject to an agreement containing provisions substantially the same as those of this Section, to (i) any assignee of or Participant in, or any prospective assignee of
or Participant in, any of its rights or obligations under this Agreement or (ii) any actual or prospective counterparty (or its advisors) to any swap or derivative transaction relating to the Borrower and its obligations, (g) with the
consent of the Borrower or (h) to the extent such Information (x) becomes publicly available other than as a result of a breach of this Section or (y) becomes available to the Administrative Agent, the Issuing Bank, any Lender or

  
 153

 
any of their respective Affiliates on a nonconfidential basis from a source other than any Loan Party, the Back Stop Parties or any of their respective Affiliates. For purposes of this Section,
“Information” means all information received from any Loan Party relating to any Loan Party or any of their respective businesses, other than any such information that is available to the Administrative Agent, the Issuing Bank or
any Lender on a nonconfidential basis prior to disclosure by any Loan Party, provided that, in the case of information received from a Loan Party after the Execution Date, such information is clearly identified at the time of delivery as
confidential. Any Person required to maintain the confidentiality of Information as provided in this Section shall be considered to have complied with its obligation to do so if such Person has exercised the same degree of care to maintain the
confidentiality of such Information as such Person would accord to its own confidential information. 
 Section 11.09.
Set-off. In addition to (and without prejudice to) any rights and remedies of the Lenders provided by law (whether prior to or following the Funding Date, including rights of set off), upon the occurrence and during the continuance of any
Event of Default from and after the Funding Date, each Lender, the Issuing Bank and each of their respective Affiliates is authorized at any time and from time to time, without prior notice to the Borrower or any other Loan Party, any such notice
being waived by the Borrower (on its own behalf and on behalf of each Loan Party) to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand, provisional or final) at any time held by, and
other indebtedness at any time owing by, such Lender to or for the credit or the account of the respective Loan Parties against any and all Obligations owing to such Lender, the Issuing Bank or any such Affiliate hereunder or under any other Loan
Document, now or hereafter existing, irrespective of whether or not the Administrative Agent, such Lender, the Issuing Bank or such Affiliate shall have made demand under this Agreement or any other Loan Document and although such Obligations may be
contingent or unmatured or denominated in a currency different from that of the applicable deposit or indebtedness; provided, that in the event that any Defaulting Lender shall exercise any such right of setoff, (x) all amounts so set
off shall be paid over immediately to the Administrative Agent for further application in accordance with the provisions of Section 2.11 and, pending such payment, shall be segregated by such Defaulting Lender from its other funds and
deemed held in trust for the benefit of the Administrative Agent and the Lenders, and (y) the Defaulting Lender shall provide promptly to the Administrative Agent a statement describing in reasonable detail the Obligations owing to such
Defaulting Lender as to which it exercised such right of setoff. Each Lender and the Issuing Bank agrees promptly to notify the Borrower and the Administrative Agent after any such set-off and application made by such Lender or the Issuing Bank, as
the case may be; provided, however, that the failure to give such notice shall not affect the validity of such set-off and application. 
 Section 11.10. Interest Rate Limitation. Notwithstanding anything to the contrary contained in any Loan Document, the interest paid or agreed to be paid under the Loan Documents shall not
exceed the maximum rate of non-usurious interest permitted by applicable Law (the “Maximum Rate”). If the Administrative Agent, the Issuing Bank or any Lender shall receive interest in an amount that exceeds the Maximum Rate, the
excess interest shall be applied to the principal of the Loans or, if it exceeds such unpaid principal, refunded to the Borrower. In determining whether the interest contracted for, charged, or received by the Administrative Agent, the Issuing Bank
or a Lender exceeds the Maximum Rate, such Person may, to the extent permitted by applicable Law, (a) characterize any payment that is not principal as an expense, 

  
 154

 
fee, or premium rather than interest, (b) exclude voluntary prepayments and the effects thereof, and (c) amortize, prorate, allocate, and spread in equal or unequal parts the total
amount of interest throughout the contemplated term of the Obligations hereunder. 
 Section 11.11. Counterparts.
This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. 
 Section 11.12. Integration. This Agreement, together with the other Loan Documents, comprises the complete and integrated agreement of the parties on the subject matter hereof and thereof and
supersedes all prior agreements, written or oral, on such subject matter. In the event of any conflict between the provisions of this Agreement and those of any other Loan Document, the provisions of this Agreement shall control; provided
that the inclusion of supplemental rights or remedies in favor of the Administrative Agent or the Lenders in any other Loan Document shall not be deemed a conflict with this Agreement. Each Loan Document was drafted with the joint participation of
the respective parties thereto and shall be construed neither against nor in favor of any party, but rather in accordance with the fair meaning thereof 
 Section 11.13. Survival. All covenants, agreements, representations and warranties made by the Loan Parties in the Loan Documents and in the certificates or other instruments delivered in
connection with or pursuant to this Agreement or any other Loan Document shall be considered to have been relied upon by the other parties hereto and shall survive the execution and delivery of the Loan Documents and the making of any Loans and
issuance of any Letters of Credit, regardless of any investigation made by any such other party or on its behalf and notwithstanding that the Administrative Agent, the Issuing Bank or any Lender may have had notice or knowledge of any Default or
incorrect representation or warranty at the time any credit is extended hereunder, and shall continue in full force and effect as long as the principal of or any accrued interest on any Loan or any fee or any other Obligation is outstanding and
unpaid or any Letter of Credit is outstanding and so long as the Aggregate Commitments have not expired or terminated. The provisions of Sections 3.01, 3.04, 3.05, 11.04 and 11.05 and Article 9 (subject to
the express terms contained therein) shall survive and remain in full force and effect regardless of the consummation of the transactions contemplated hereby, the repayment of the Obligations, the expiration or termination of the Letters of Credit
and the Aggregate Commitments or the termination of this Agreement or any provision hereof. In connection with the termination of this Agreement and the release and termination of the security interests in the Collateral, the Secured Parties may
require such indemnities as they shall reasonably deem necessary or appropriate to protect the Secured Parties against (x) loss on account of credits previously applied to the Obligations that may subsequently be reversed or revoked, and
(y) any obligations that may thereafter arise with respect to Swap Contracts and the Other Liabilities. 

Section 11.14. Severability. If any provision of this Agreement or the other Loan Documents is held to be illegal, invalid or
unenforceable, (a) the legality, validity and enforceability of the remaining provisions of this Agreement and the other Loan Documents shall not be affected or impaired thereby and (b) the parties shall endeavor in good faith negotiations
to replace the illegal, invalid or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the illegal, invalid or unenforceable provisions. The invalidity of a provision in a particular
jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 

  
 155

 Section 11.15. Intentionally Omitted. 

Section 11.16. Removal and Replacement of Lenders. (a) In the event that: 

(i) (x) any Lender (each, an “Increased-Cost Lender”) shall give notice to the Borrower that such Lender
is entitled to receive payments under Section 3.01 or 3.04, (y) the circumstances which entitle such Lender to receive such payments shall remain in effect, and (z) such Lender shall fail to withdraw such notice within
five Business Days after the Borrower’s request for such withdrawal; or 
 (ii) any Lender shall become a
Defaulting Lender and shall fail to cure the default as a result of which it has become a Defaulting Lender within five Business Days after the Borrower’s request that it cure such default; or 

(iii) in connection with any proposed amendment, modification, termination, waiver or consent with respect to any of the
provisions of this Agreement as contemplated by clauses (a) through (h) of the first proviso to Section 11.01, the consent of the Required Lenders shall have been obtained but the consent of one or more of such other Lenders
(each, a “Non-Consenting Lender”) whose consent is required shall not have been obtained, and (b) the failure to obtain Non-Consenting Lenders’ consents does not result solely from the exercise of Non-Consenting
Lenders’ rights (and the withholding of any required consents by Non-Consenting Lenders) pursuant to the second proviso to Section 11.01; 
 then, and in each such case, the Borrower shall have the right, at its option, to remove or replace the applicable Increased-Cost Lender, Defaulting Lender or Non-Consenting Lender (the
“Terminated Lender”) to the extent permitted by subsection (b). 
 (b) The Borrower may, by giving written
notice to the Administrative Agent and any Terminated Lender of its election to do so, 
 (i) elect to
(A) terminate the Commitment, if any, of such Terminated Lender upon receipt by such Terminated Lender of such notice and (B) prepay on the date of such termination any outstanding Loans made by such Terminated Lender, together with
accrued and unpaid interest thereon and any other amounts payable to such Terminated Lender hereunder; provided that, in the event such Terminated Lender has any Loans outstanding at the time of such termination, the written consent of
Administrative Agent and the Required Lenders (which consents shall not be unreasonably withheld or delayed) shall be required in order for the Borrower to make the election set forth in this clause (i); or 

(ii) elect to cause such Terminated Lender (and such Terminated Lender hereby irrevocably agrees) to assign its
outstanding Loans and its Commitment, if any, in full to one or more Eligible Assignees (each, a “Replacement Lender”) in accordance with the provisions of Section 11.07; provided that (A) on the date of such
assignment, 

  
 156

 
the Borrower shall pay any amounts payable to such Terminated Lender as if it were a prepayment and (B) in the event such Terminated Lender is a Non-Consenting Lender, each Replacement
Lender shall consent, at the time of such assignment, to each matter in respect of which such Terminated Lender was a Non-Consenting Lender; 

provided that the Borrower may not make either of the elections set forth in clauses (i) or (ii) above with respect to any
Non-Consenting Lender unless the Borrower also makes one of such elections with respect to each other Terminated Lender which is a Non-Consenting Lender. 
 (c) Upon the prepayment of all amounts owing to any Terminated Lender and the termination of such Terminated Lender’s Commitment, if any, pursuant to clause (i) of subsection (b), such
Terminated Lender shall no longer constitute a “Lender” for purposes of this Agreement; provided that any rights of such Terminated Lender to indemnification under this Agreement shall survive as to such Terminated Lender.

 Section 11.17. Intentionally Omitted. 
 Section 11.18. GOVERNING LAW. 
 (a) THIS AGREEMENT SHALL BE GOVERNED
BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK APPLICABLE TO AGREEMENTS MADE AND TO BE PERFORMED ENTIRELY WITHIN SUCH STATE; PROVIDED THAT ALL OF THE PARTIES HERETO SHALL RETAIN ALL RIGHTS ARISING UNDER FEDERAL LAW.

 (b) ANY LEGAL ACTION OR PROCEEDING WITH RESPECT TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT MAY BE BROUGHT IN THE COURTS OF
THE STATE OF NEW YORK SITTING IN MANHATTAN OR OF THE UNITED STATES FOR THE SOUTHERN DISTRICT OF SUCH STATE, AND BY EXECUTION AND DELIVERY OF THIS AGREEMENT, THE BORROWER, THE ADMINISTRATIVE AGENT, THE ISSUING BANK AND EACH LENDER CONSENTS, FOR
ITSELF AND IN RESPECT OF ITS PROPERTY, TO THE NON-EXCLUSIVE JURISDICTION OF THOSE COURTS. THE BORROWER, THE ADMINISTRATIVE AGENT, THE ISSUING BANK AND EACH LENDER IRREVOCABLY WAIVES ANY OBJECTION, INCLUDING ANY OBJECTION TO THE LAYING OF VENUE OR
BASED ON THE GROUNDS OF FORUM NON CONVENIENS, WHICH IT MAY NOW OR HEREAFTER HAVE TO THE BRINGING OF ANY ACTION OR PROCEEDING IN SUCH JURISDICTION IN RESPECT OF ANY LOAN DOCUMENT OR OTHER DOCUMENT RELATED THERETO. THE BORROWER, THE
ADMINISTRATIVE AGENT, THE ISSUING BANK AND EACH LENDER WAIVES PERSONAL SERVICE OF ANY SUMMONS, COMPLAINT OR OTHER PROCESS, WHICH MAY BE MADE BY ANY OTHER MEANS PERMITTED BY THE LAW OF SUCH STATE. 

(c) After the Effective Date (as defined in the Reorganization Plan), except as otherwise consented to in writing by the Administrative
Agent, the Bankruptcy Court’s retention of jurisdiction shall not govern the interpretation or enforcement of the Loan Documents or any rights or remedies related thereto. 

  
 157

 Section 11.19. WAIVER OF RIGHT TO TRIAL BY JURY. EACH PARTY TO THIS AGREEMENT
HEREBY EXPRESSLY WAIVES ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION OR CAUSE OF ACTION ARISING UNDER ANY LOAN DOCUMENT OR IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO OR ANY OF THEM WITH
RESPECT TO ANY LOAN DOCUMENT, OR THE TRANSACTIONS RELATED THERETO, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER FOUNDED IN CONTRACT OR TORT OR OTHERWISE; AND EACH PARTY HEREBY AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND,
ACTION OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY, AND THAT ANY PARTY TO THIS AGREEMENT MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE SIGNATORIES HERETO TO
THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY. 
 Section 11.20. No Advisory or Fiduciary Responsibility. In connection
with all aspects of each transaction contemplated hereby, the Borrower and each other Loan Party acknowledges and agrees, and acknowledges its Affiliates’ understanding, that: (i) the credit facility provided for hereunder and any related
arranging or other services in connection therewith (including in connection with any amendment, waiver or other modification hereof or of any other Loan Document) are an arm’s-length commercial transaction between the Borrower, each other Loan
Party and their respective Affiliates, on the one hand, and the Administrative Agent, on the other hand, and the Borrower and each other Loan Party is capable of evaluating and understanding and understands and accepts the terms, risks and
conditions of the transactions contemplated hereby and by the other Loan Documents (including any amendment, waiver or other modification hereof or thereof); (ii) in connection with the process leading to such transaction, the Administrative
Agent is and has been acting solely as a principal and is not the financial advisor, agent or fiduciary, for the Borrower, any other Loan Party or any of their respective Affiliates, stockholders, creditors or employees or any other Person;
(iii) the Administrative Agent has not assumed and will not assume an advisory, agency or fiduciary responsibility in favor of the Borrower or any other Loan Party with respect to any of the transactions contemplated hereby or the process
leading thereto, including with respect to any amendment, waiver or other modification hereof or of any other Loan Document (irrespective of whether the Administrative Agent has advised or is currently advising the Borrower, any other Loan Party or
any of their respective Affiliates on other matters) and the Administrative Agent does not have any obligation to the Borrower, any other Loan Party or any of their respective Affiliates with respect to the transactions contemplated hereby except
those obligations expressly set forth herein and in the other Loan Documents; (iv) the Administrative Agent and its Affiliates may be engaged in a broad range of transactions that involve interests that differ from those of the Borrower, the
other Loan Parties and their respective Affiliates, and the Administrative Agent does not have any obligation to disclose any of such interests by virtue of any advisory, agency or fiduciary relationship; and (v) the Administrative Agent has
not provided and will not provide any legal, accounting, regulatory or tax advice with respect to any of the transactions contemplated hereby (including any amendment, waiver or other modification hereof or of any other Loan Document) and each of
the Borrower and the other Loan Parties has consulted its own legal, accounting, regulatory and tax advisors to the extent it has deemed appropriate. Each of the Borrower and the other Loan Parties hereby waives and releases, to the fullest extent
permitted by law, any claims that it may have against the Administrative Agent with respect to any breach or alleged breach of agency or fiduciary duty. 

  
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 Section 11.21. USA PATRIOT Act Notice. Each Lender that is subject to the Act
(as hereinafter defined) and the Administrative Agent (for itself and not on behalf of any Lender) hereby notifies the Borrower that pursuant to the requirements of the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into law October 26,
2001)) (the “PATRIOT Act”), it is required to obtain, verify and record information that identifies the Borrower, which information includes the name and address of the Borrower and other information that will allow such Lender or
the Administrative Agent, as applicable, to identify the Borrower in accordance with the PATRIOT Act. 
 Section 11.22.
ENTIRE AGREEMENT. THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT AMONG THE PARTIES. 

Section 11.23. Parties Including Trustees; Bankruptcy Court Proceedings. This Agreement, the other Loan Documents, and all
Transaction Liens and other rights and privileges created hereby or pursuant hereto or to any other Loan Document shall be binding upon each Loan Party, the estate of each Loan Party, and any trustee, other estate representative or any successor in
interest of any Loan Party in any Chapter 11 Case, if the Chapter 11 Cases have commenced, or any other case commenced under Chapter 11 of the Bankruptcy Code or any subsequent case commenced under Chapter 7 of the Bankruptcy Code. This Agreement
and the other Loan Documents shall be binding upon, and inure to the benefit of, the successors of the Administrative Agent and the Lenders and their respective assigns, transferees and endorsees. No Loan Party may assign, transfer, hypothecate or
otherwise convey its rights, benefits, obligations or duties hereunder or under any of the other Loan Documents without the prior express written consent of the Administrative Agent and the Lenders. Any such purported assignment, transfer,
hypothecation or other conveyance by any Loan Party without the prior express written consent of the Administrative Agent and the Lenders shall be void. The terms and provisions of this Agreement are for the purpose of defining the relative rights
and obligations of each Loan Party, the Administrative Agent and Lenders with respect to the transactions contemplated hereby and no Person shall be a third party beneficiary of any of the terms and provisions of this Agreement or any of the other
Loan Documents. 
 [Remainder of page intentionally left blank.] 

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

			
	KEYSTONE AUTOMOTIVE OPERATIONS, INC.
		
	 By:
	 	   /s/ Edward Orzetti

		 	 Name: Edward Orzetti

		 	 Title:   Chief Executive Officer and President

	
	KEYSTONE AUTOMOTIVE HOLDINGS, INC.
		
	 By:
	 	   /s/ Edward Orzetti

		 	 Name: Edward Orzetti

		 	 Title:   Chief Executive Officer and President

 
			
	 BANK OF AMERICA, N.A., as

Administrative Agent

		
	 By:
	 	   /s/ Dennis Wilson

		 	 Name: Dennis Wilson

		 	 Title:   Senior Vice President

	
	 BANK OF AMERICA, N.A., as a Lender,

Swingline Lender and Issuing Bank

		
	 By:
	 	   /s/ Dennis Wilson

		 	 Name: Dennis Wilson

		 	 Title:   Senior Vice PresidentCredit and Guaranty Agreement dated as of February 15, 2011

 EXHIBIT 10.4 
 Execution Version 
 CREDIT AND GUARANTY AGREEMENT 

dated as of February 15, 2011 
 among 
 KEYSTONE AUTOMOTIVE OPERATIONS, INC., 

KEYSTONE AUTOMOTIVE HOLDINGS, INC., 
 CERTAIN SUBSIDIARIES OF KEYSTONE AUTOMOTIVE OPERATIONS, INC., 
 as
Guarantors, 
 VARIOUS LENDERS, 
 GOLDMAN SACHS LENDING PARTNERS LLC, 
 as Sole Lead Arranger, Sole Lead
Bookrunner and Syndication Agent, 
 and 
 GOLDMAN SACHS LENDING PARTNERS LLC, 
 as Administrative Agent and
Collateral Agent, 
  
  

$120,000,000 Senior Secured Term Loan Credit Facility 

 
  

 TABLE OF CONTENTS 

 

									
	 	  	Page	 
		
	 SECTION 1. DEFINITIONS AND INTERPRETATION
	  	 	2	  
		 	1.1.	  	Definitions	  	 	2	  
		 	1.2.	  	Accounting Terms	  	 	33	  
		 	1.3.	  	Interpretation, Etc.	  	 	34	  
		
	 SECTION 2. TERM LOANS
	  	 	34	  
		 	2.1.	  	Term Loans	  	 	34	  
		 	2.2.	  	Delayed Draw Termination Date	  	 	35	  
		 	2.3.	  	[Reserved	  	 	35	  
		 	2.4.	  	[Reserved	  	 	35	  
		 	2.5.	  	Pro Rata Shares; Availability of Funds	  	 	35	  
		 	2.6.	  	Use of Proceeds	  	 	36	  
		 	2.7.	  	Evidence of Debt; Register; Lenders’ Books and Records; Notes.	  	 	36	  
		 	2.8.	  	Interest on Loans	  	 	37	  
		 	2.9.	  	Conversion/Continuation	  	 	38	  
		 	2.10.	  	Default Interest	  	 	38	  
		 	2.11.	  	Fees; Call Premium	  	 	38	  
		 	2.12.	  	Scheduled Payments.	  	 	39	  
		 	2.13.	  	Voluntary Prepayments	  	 	40	  
		 	2.14.	  	Mandatory Prepayments	  	 	43	  
		 	2.15.	  	Application of Prepayments/Reductions	  	 	45	  
		 	2.16.	  	General Provisions Regarding Payments	  	 	45	  
		 	2.17.	  	Ratable Sharing	  	 	46	  
		 	2.18.	  	Making or Maintaining Eurodollar Rate Loans	  	 	47	  
		 	2.19.	  	Increased Costs; Capital Adequacy	  	 	48	  
		 	2.20.	  	Taxes; Withholding, Etc.	  	 	50	  
		 	2.21.	  	Obligation to Mitigate	  	 	52	  
		 	2.22.	  	Defaulting Lenders	  	 	52	  
		 	2.23.	  	Removal or Replacement of a Lender	  	 	53	  
		 	2.24.	  	Super Priority Nature of Obligations	  	 	54	  
		 	2.25.	  	Payment of Obligations	  	 	54	  
		 	2.26.	  	No Discharge; Survival of Claims	  	 	54	  
		
	 SECTION 3. CONDITIONS PRECEDENT
	  	 	54	  
		 	3.1.	  	Closing Date	  	 	54	  
		 	3.2.	  	Funding Date	  	 	56	  
		 	3.3.	  	Notices	  	 	63	  
		
	 SECTION 4. REPRESENTATIONS AND WARRANTIES
	  	 	63	  
		 	4.1.	  	Organization; Requisite Power and Authority; Qualification.	  	 	64	  
		 	4.2.	  	Equity Interests and Ownership	  	 	64	  
		 	4.3.	  	Due Authorization	  	 	64	  
		 	4.4.	  	No Conflict	  	 	64	  
		 	4.5.	  	Governmental Consents	  	 	65	  
		 	4.6.	  	Binding Obligation	  	 	65	  
		 	4.7.	  	Historical Financial Statements	  	 	65	  
		 	4.8.	  	Projections	  	 	65	  
		 	4.9.	  	No Material Adverse Effect	  	 	66	  

  
 ii 

									
		 	4.10.	  	No Restricted Junior Payments	  	 	66	  
		 	4.11.	  	Adverse Proceedings, Etc.	  	 	66	  
		 	4.12.	  	Payment of Taxes.	  	 	66	  
		 	4.13.	  	Properties	  	 	66	  
		 	4.14.	  	Environmental Matters	  	 	67	  
		 	4.15.	  	No Defaults	  	 	67	  
		 	4.16.	  	Material Contracts	  	 	68	  
		 	4.17.	  	Governmental Regulation	  	 	68	  
		 	4.18.	  	Margin Stock	  	 	68	  
		 	4.19.	  	Employee Matters	  	 	68	  
		 	4.20.	  	Employee Benefit Plans	  	 	68	  
		 	4.21.	  	Certain Fees	  	 	69	  
		 	4.22.	  	Solvency	  	 	69	  
		 	4.23.	  	Related Agreements	  	 	69	  
		 	4.24.	  	Compliance with Statutes, Etc.	  	 	69	  
		 	4.25.	  	Disclosure	  	 	69	  
		 	4.26.	  	Reorganization Matters; Secured, Super-Priority Obligations	  	 	69	  
		 	4.27.	  	PATRIOT Act	  	 	70	  
		
	 SECTION 5. AFFIRMATIVE COVENANTS
	  	 	70	  
		 	5.1.	  	Financial Statements and Other Reports	  	 	70	  
		 	5.2.	  	Existence	  	 	74	  
		 	5.3.	  	Payment of Taxes and Claims	  	 	74	  
		 	5.4.	  	Maintenance of Properties	  	 	74	  
		 	5.5.	  	Insurance	  	 	74	  
		 	5.6.	  	Books and Records; Inspections	  	 	75	  
		 	5.7.	  	Lenders Meetings	  	 	75	  
		 	5.8.	  	Compliance with Laws	  	 	75	  
		 	5.9.	  	Environmental	  	 	75	  
		 	5.10.	  	Subsidiaries	  	 	76	  
		 	5.11.	  	Additional Material Real Estate Assets	  	 	77	  
		 	5.12.	  	Interest Rate Protection	  	 	77	  
		 	5.13.	  	Further Assurances	  	 	77	  
		 	5.14.	  	Miscellaneous Covenants	  	 	78	  
		 	5.15.	  	Bankruptcy-Related Covenants	  	 	78	  
		
	 SECTION 6. NEGATIVE COVENANTS
	  	 	79	  
		 	6.1.	  	Indebtedness	  	 	79	  
		 	6.2.	  	Liens	  	 	81	  
		 	6.3.	  	No Further Negative Pledges	  	 	83	  
		 	6.4.	  	Restricted Junior Payments	  	 	83	  
		 	6.5.	  	Restrictions on Subsidiary Distributions	  	 	85	  
		 	6.6.	  	Investments	  	 	85	  
		 	6.7.	  	Financial Covenants	  	 	87	  
		 	6.8.	  	Fundamental Changes; Disposition of Assets; Acquisitions	  	 	90	  
		 	6.9.	  	Disposal of Subsidiary Interests	  	 	91	  
		 	6.10.	  	Sales and Lease-Backs	  	 	91	  
		 	6.11.	  	Transactions with Shareholders and Affiliates.	  	 	91	  
		 	6.12.	  	Conduct of Business	  	 	92	  
		 	6.13.	  	Permitted Activities of Holdings	  	 	92	  
		 	6.14.	  	Amendments or Waivers of Organizational Documents and Certain Related Agreements and Other Documents	  	 	92	  

  
 iii

									
		 	6.15.	  	Amendments or Waivers with respect to Certain Indebtedness	  	 	93	  
		 	6.16.	  	Fiscal Year	  	 	93	  
		
	 SECTION 7. GUARANTY
	  	 	93	  
		 	7.1.	  	Guaranty of the Obligations	  	 	93	  
		 	7.2.	  	Contribution by Guarantors	  	 	93	  
		 	7.3.	  	Payment by Guarantors	  	 	94	  
		 	7.4.	  	Liability of Guarantors Absolute	  	 	94	  
		 	7.5.	  	Waivers by Guarantors	  	 	96	  
		 	7.6.	  	Guarantors’ Rights of Subrogation, Contribution, Etc.	  	 	96	  
		 	7.7.	  	Subordination of Other Obligations	  	 	97	  
		 	7.8.	  	Continuing Guaranty	  	 	97	  
		 	7.9.	  	Authority of Guarantors or Borrower	  	 	97	  
		 	7.10.	  	Financial Condition of Borrower	  	 	97	  
		 	7.11.	  	Bankruptcy, Etc.	  	 	98	  
		 	7.12.	  	Discharge of Guaranty Upon Sale of Guarantor	  	 	98	  
		
	 SECTION 8. EVENTS OF DEFAULT
	  	 	99	  
		 	8.1.	  	Events of Default	  	 	99	  
		 	8.2.	  	Borrower’s Right to Cure	  	 	103	  
		
	SECTION 9. AGENTS	  	 	103	  
		 	9.1.	  	Appointment of Agents.	  	 	103	  
		 	9.2.	  	Powers and Duties	  	 	104	  
		 	9.3.	  	General Immunity	  	 	104	  
		 	9.4.	  	Agents Entitled to Act as Lender	  	 	105	  
		 	9.5.	  	Lenders’ Representations, Warranties and Acknowledgment	  	 	105	  
		 	9.6.	  	Right to Indemnity	  	 	106	  
		 	9.7.	  	Successor Administrative Agent, Collateral Agent and Lender.	  	 	106	  
		 	9.8.	  	Collateral Documents and Guaranty	  	 	108	  
		 	9.9.	  	Withholding Taxes	  	 	109	  
		
	 SECTION 10. MISCELLANEOUS
	  	 	109	  
		 	10.1.	  	Notices	  	 	109	  
		 	10.2.	  	Expenses	  	 	111	  
		 	10.3.	  	Indemnity	  	 	112	  
		 	10.4.	  	Set-Off	  	 	113	  
		 	10.5.	  	Amendments and Waivers	  	 	113	  
		 	10.6.	  	Successors and Assigns; Participations	  	 	115	  
		 	10.7.	  	Independence of Covenants	  	 	118	  
		 	10.8.	  	Survival of Representations, Warranties and Agreements	  	 	118	  
		 	10.9.	  	No Waiver; Remedies Cumulative	  	 	118	  
		 	10.10.	  	Marshalling; Payments Set Aside	  	 	119	  
		 	10.11.	  	Severability	  	 	119	  
		 	10.12.	  	Obligations Several; Independent Nature of Lenders’ Rights	  	 	119	  
		 	10.13.	  	Headings	  	 	119	  
		 	10.14.	  	APPLICABLE LAW	  	 	119	  
		 	10.15.	  	CONSENT TO JURISDICTION	  	 	119	  
		 	10.16.	  	WAIVER OF JURY TRIAL	  	 	120	  
		 	10.17.	  	Confidentiality	  	 	121	  

  
 iv 

									
		 	10.18.	 	Usury Savings Clause	  	 	121	  
		 	 10.19.
	 	Counterparts	  	 	122	  
		 	 10.20.
	 	Effectiveness; Entire Agreement	  	 	122	  
		 	 10.21.
	 	PATRIOT Act	  	 	122	  
		 	 10.22.
	 	Electronic Execution of Assignments	  	 	122	  
		 	 10.23.
	 	No Fiduciary Duty	  	 	122	  
		 	 10.24.
	 	Parties Including Trustees; Bankruptcy Court Proceedings	  	 	123	  

  
 v 

					
	APPENDICES:	  	A	  	Term Loan Commitments
		  	B	  	Notice Addresses
			
	 SCHEDULES:
	  	3.2(a)	  	Permitted Waiver Amount
		  	3.2(f)	  	Funding Date Mortgaged Properties
		  	4.1	  	Jurisdictions of Organization and Qualification
		  	4.2	  	Equity Interests and Ownership
		  	4.13	  	Real Estate Assets
		  	4.14	  	Environmental Matters
		  	4.16	  	Material Contracts
		  	6.1	  	Certain Indebtedness
		  	6.1(n)	  	Senior Subordinated Notes Indebtedness
		  	6.2	  	Certain Liens
		  	6.3	  	Certain Negative Pledges
		  	6.5	  	Certain Restrictions on Subsidiary Distributions
		  	6.6	  	Certain Investments
		  	6.8	  	Licensing and Leasing Arrangements
		  	6.11	  	Certain Affiliate Transactions
			
	 EXHIBITS:
	  	A-1	  	Funding Notice
		  	A-2	  	Conversion/Continuation Notice
		  	B	  	Term Loan Note
		  	C	  	Compliance Certificate
		  	D-1	  	Closing Date Opinions of Counsel
		  	D-2	  	Funding Date Opinions
		  	E	  	Assignment Agreement
		  	F	  	Certificate re Non-Bank Status
		  	G-1	  	Closing Date Certificate
		  	G-2	  	Solvency Certificate
		  	H	  	Counterpart Agreement
		  	I	  	Pledge and Security Agreement
		  	J	  	Mortgage
		  	K	  	Form of Holdings Subordination Provisions
		  	L	  	Intercompany Note
		  	M	  	Intercreditor Agreement
		  	N	  	Assignment and Acceptance
		  	O	  	Form of Interim Approval Order

  
 vi 

 CREDIT AND GUARANTY AGREEMENT 

This CREDIT AND GUARANTY AGREEMENT, dated as of February 15, 2011, is entered into by and among KEYSTONE AUTOMOTIVE
OPERATIONS, INC., a Pennsylvania corporation, as Borrower and, if the Chapter 11 Cases have commenced, as debtor-in-possession and, upon the Plan Effective Date, as reorganized debtor (the “Borrower”), KEYSTONE AUTOMOTIVE
HOLDINGS, INC., a Delaware corporation, and, if the Chapter 11 Cases have commenced, as debtor-in-possession and, upon the Plan Effective Date, as reorganized debtor (“Holdings”), CERTAIN SUBSIDIARIES OF BORROWER, as
Guarantors, the Lenders party hereto from time to time, GOLDMAN SACHS LENDING PARTNERS LLC (“Goldman Sachs”), as Syndication Agent (in such capacity, “Syndication Agent”), and GOLDMAN SACHS, as
Administrative Agent (together with its permitted successors in such capacity, “Administrative Agent”) and as Collateral Agent (together with its permitted successor in such capacity, “Collateral Agent”).

 RECITALS: 
 WHEREAS, capitalized terms used in these Recitals shall have the respective meanings set forth for such terms in Section 1.1 hereof; 

WHEREAS, Borrower intends to commence an exchange offer with respect to the Senior Subordinated Notes (as defined below) in order
to consummate a recapitalization of Holdings and its Subsidiaries in accordance with the terms and subject to the conditions set forth in the Exchange Offering Memorandum (defined below) (the “Exchange Offer”); 

WHEREAS, if Borrower fails to obtain the requisite consent to consummate the Exchange Offer, Holdings, Borrower and certain of
Borrower’s Subsidiaries (collectively, the “Debtors”) intend to commence Chapter 11 Cases (each, a “Chapter 11 Case” and collectively, the “Chapter 11 Cases”), by filing separate voluntary
petitions for reorganization (the date of such filings, the “Petition Date”) under the Bankruptcy Code with the United States Bankruptcy Court for the Southern District of New York (the “Bankruptcy Court”) and with
respect to the Debtors’ Canadian operations, ancillary insolvency recognition proceedings, and the Debtors will continue to operate their businesses and manage their properties as debtors and debtors-in-possession pursuant to Sections 1107(a)
and 1108 of the Bankruptcy Code during the pendency of the Chapter 11 Cases; 
 WHEREAS, on the date on which the
Exchange Offer is consummated or the Plan Effective Date, as applicable (either such date, the “Funding Date”), Lenders have agreed to extend a term loan credit facility to Borrower, in an aggregate principal amount not to exceed
$120,000,000, the proceeds of which will be used (i) to fund, together with cash on hand and proceeds of the Rights Offering (as defined below), the repayment of all of the Existing Term Loan Indebtedness (as defined below) other than the
Backstop First Lien Indebtedness (as defined below) and (ii) to pay interest, fees and expenses under or in connection with the foregoing, including professionals’ fees and expenses; 

WHEREAS, Borrower has agreed to secure all of its Obligations by granting to Collateral Agent, for the benefit of Secured Parties,
a First Priority Lien on the Term Loan Priority Collateral (as defined below) (including a pledge of all of the Equity Interests of each of its direct Domestic Subsidiaries and 65% of all the voting Equity Interests (and 100% of the non-voting
Equity Interests) of each of its direct Foreign Subsidiaries) and a Second Priority Lien on the Replacement Revolving Priority Collateral (as defined below); and 

  
 1 

 WHEREAS, Guarantors have agreed to guarantee the obligations of Borrower hereunder
and to secure their respective Obligations by granting to Collateral Agent, for the benefit of Secured Parties, a First Priority Lien on the Term Loan Priority Collateral (including a pledge of all of the Equity Interests of each of their respective
direct Domestic Subsidiaries (including Borrower) and 65% of all the voting Equity Interests (and 100% of the non-voting Equity Interests) of each of their respective direct Foreign Subsidiaries) and a Second Priority Lien on the Replacement
Revolving Priority Collateral. 
 NOW, THEREFORE, in consideration of the premises and the agreements, provisions and
covenants herein contained, the parties hereto agree as follows: 
 SECTION 1. DEFINITIONS AND INTERPRETATION 

1.1 Definitions. The following terms used herein, including in the preamble, recitals, exhibits and schedules hereto, shall have
the following meanings: 
 “Acquisition Consideration” means the purchase consideration for any Permitted
Acquisition and all other payments by Holdings or any of its Subsidiaries in exchange for, or as part of, or in connection with, any Permitted Acquisition, whether paid in cash or by exchange of Equity Interests or of properties or otherwise and
whether payable at or prior to the consummation of such Permitted Acquisition or deferred for payment at any future time, whether or not any such future payment is subject to the occurrence of any contingency, and includes any and all payments
representing the purchase price and any assumptions of Indebtedness; provided that (i) the amount of “earn-outs” and other agreements to make any payment the amount of which is, or the terms of payment of which are, in any
respect subject to or contingent upon the revenues, income, cash flow or profits (or the like) of any person or business that shall be included in the definition of Acquisition Consideration shall equal the amount that the Borrower determines in
good faith at the time of such Permitted Acquisition is Borrower’s anticipated liability in respect thereof and (ii) Acquisition Consideration shall exclude usual and customary working capital adjustments (as determined in good faith by
the Borrower). 
 “Adjusted Eurodollar Rate” means, for any Interest Rate Determination Date with respect to an
Interest Period for a Eurodollar Rate Loan, the rate per annum obtained by dividing (and rounding upward to the next whole multiple of 1/100 of 1%) (i) (a) the rate per annum (rounded to the nearest 1/100 of 1%) equal to the
rate determined by Administrative Agent to be the offered rate which appears on the page of the Reuters Screen which displays an average British Bankers Association Interest Settlement Rate (such page currently being LIBOR01 page) for deposits (for
delivery on the first day of such period) with a term equivalent to such period in Dollars, determined as of approximately 11:00 a.m. (London, England time) on such Interest Rate Determination Date, or (b) in the event the rate referenced in
the preceding clause (a) does not appear on such page or service or if such page or service shall cease to be available, the rate per annum (rounded to the nearest 1/100 of 1%) equal to the rate determined by Administrative Agent
to be the offered rate on such other page or other service which displays an average British Bankers Association Interest Settlement Rate for deposits (for delivery on the first day of such period) with a term equivalent to such period in Dollars,
determined as of approximately 11:00 a.m. (London, England time) on such Interest Rate Determination Date, or (c) in the event the rates referenced in the preceding clauses (a) and (b) are not available, the rate per
annum (rounded to the nearest 1/100 of 1%) equal to the offered quotation rate to first class banks in the London interbank market by GS Lending Partners or an Affiliate thereof for deposits (for delivery on the first day of the relevant period)
in Dollars of amounts in same day funds comparable to the principal amount of the applicable Loan of Administrative Agent, in its capacity as a Lender, for which the Adjusted Eurodollar Rate is then being determined with maturities comparable to
such period as of approximately 11:00 a.m. (London, England time) on such Interest Rate Determination Date, by (ii) an amount equal to (a) one minus (b) the Applicable Reserve Requirement; provided, however, that
notwithstanding the foregoing, the Adjusted Eurodollar Rate shall at no time be less than 1.75% per annum. 

  
 2 

 “Administrative Agent” as defined in the preamble hereto. 

“Adverse Proceeding” means any action, suit, proceeding, hearing (in each case, whether administrative, judicial or
otherwise), governmental investigation or arbitration (whether or not purportedly on behalf of Holdings or any of its Subsidiaries) at law or in equity, or before or by any Governmental Authority, domestic or foreign, whether pending or, to the
knowledge of Holdings or any of its Subsidiaries, threatened against or affecting Holdings or any of its Subsidiaries or any property of Holdings or any of its Subsidiaries. 
 “Affected Lender” as defined in Section 2.18(b). 

“Affected Loans” as defined in Section 2.18(b). 

“Affiliate” means, as applied to any Person, any other Person directly or indirectly controlling, controlled by, or
under common control with, that Person. For the purposes of this definition, “control” (including, with correlative meanings, the terms “controlling”, “controlled by” and “under common control with”), as
applied to any Person, means the possession, directly or indirectly, of the power (i) to vote 10% or more of the Securities having ordinary voting power for the election of directors of such Person or (ii) to direct or cause the direction
of the management and policies of that Person, whether through the ownership of voting securities or by contract or otherwise. 

“Agent” means each of (a) Administrative Agent, (b) Syndication Agent, (c) Collateral Agent, and
(d) any other Person appointed under the Credit Documents to serve in an agent or similar capacity, including, without limitation, any auction manager. 
 “Agent Affiliates” as defined in Section 10.1(b). 

“Aggregate Amounts Due” as defined in Section 2.17. 

“Aggregate Payments” as defined in Section 7.2. 

“Agreement” means this Credit and Guaranty Agreement, dated as of February 15, 2011, as it may be amended,
restated, supplemented or otherwise modified from time to time. 
 “Applicable Margin” means (i) with
respect to Eurodollar Rate Loans, 8.00% per annum and (ii) with respect to Base Rate Loans, 7.00% per annum. 
 “Applicable Reserve Requirement” means, at any time, for any Eurodollar Rate Loan, the maximum rate, expressed as a decimal, at which reserves (including any basic marginal, special,
supplemental, emergency or other reserves) are required to be maintained with respect thereto against “Eurocurrency liabilities” (as such term is defined in Regulation D) under regulations issued from time to time by the Board of Governors
or other applicable banking regulator. Without limiting the effect of the foregoing, the Applicable Reserve Requirement shall reflect any other reserves required to be maintained by such member banks with respect to (i) any category of
liabilities which includes deposits by reference to which the applicable Adjusted Eurodollar Rate or any other interest rate of a Loan is to be determined, or (ii) any category of extensions of credit or other assets which include Eurodollar
Rate Loans. A Eurodollar Rate Loan shall be deemed to constitute Eurocurrency liabilities and as such shall be deemed subject to reserve requirements without benefits of credit for proration, exceptions or offsets that may be

  
 3 

 
available from time to time to the applicable Lender. The rate of interest on Eurodollar Rate Loans shall be adjusted automatically on and as of the effective date of any change in the Applicable
Reserve Requirement. 
 “Approval Motion” as defined in Section 5.15(a). 

“Approved Electronic Communications” means any notice, demand, communication, information, document or other material
that any Credit Party provides to Administrative Agent pursuant to any Credit Document or the transactions contemplated therein which is distributed to Agents or Lenders by means of electronic communications pursuant to Section 10.1(b).

 “Arranger” means Goldman Sachs, in its capacity as sole lead arranger under the Engagement Letter.

 “Asset Sale” means a sale, lease or sub-lease (as lessor or sublessor), sale and leaseback, assignment,
conveyance, exclusive license (as licensor or sublicensor), transfer or other disposition to, or any exchange of property with, any Person, in one transaction or a series of transactions, of all or any part of Holdings’ or any of its
Subsidiaries’ businesses, assets or properties of any kind, whether real, personal, or mixed and whether tangible or intangible, whether now owned or hereafter acquired, leased or licensed, including the Equity Interests of any of
Holdings’ Subsidiaries, other than (i) conveyances, assignments, sales, transfers, exchanges, disposals, leases or licenses of rolling stock (in an aggregate amount not to exceed $3,000,000 during any Fiscal Year) and inventory (or other
assets) in the ordinary course of business (excluding any such sales, leases or licenses out by operations or divisions discontinued or to be discontinued), (ii) conveyances, assignments, sales, transfers, exchanges, disposals, leases or
licenses out of other assets for aggregate consideration of less than $375,000 with respect to any transaction or series of related transactions and less than $1,500,000 in the aggregate during any Fiscal Year, (iii) non-exclusive licenses of
Intellectual Property in the ordinary course of business consistent with past practice, (iv) the disposition of Cash and Cash Equivalents in the ordinary course of business, (v) conveyances, assignments, sales, transfers, exchanges,
disposals, leases or licenses by a Subsidiary that is not a Guarantor to another Subsidiary that is not a Guarantor, and (vi) the abandonment of Intellectual Property that is no longer material to the conduct of the business of Holdings and any
of its Subsidiaries taken as a whole. 
 “Assignment Agreement” means an Assignment and Assumption Agreement
substantially in the form of Exhibit E, with such amendments or modifications as may be approved by Administrative Agent. 
 “Assignment Effective Date” as defined in Section 10.6(b). 
 “Attributable Indebtedness” means, on any date, (a) in respect of any Capital Lease of any Person, the capitalized amount thereof that would appear on a balance sheet of such Person
prepared as of such date in accordance with GAAP, and (b) in respect of any Synthetic Lease Obligation, the capitalized amount of the remaining lease payments under the relevant lease that would appear on a balance sheet of such Person prepared
as of such date in accordance with GAAP as if such lease were accounted for as a capital lease. 
 “Authorized
Officer” means, as applied to any Person, any individual holding the position of chairman of the board (if an officer), chief executive officer, president, vice president (or the equivalent thereof), chief financial officer or treasurer of
such Person; provided that the secretary or assistant secretary of such Person shall have delivered an incumbency certificate to the Administrative Agent as to the authority of such Authorized Officer. 

  
 4 

 “Backstop Agreement” means the Backstop Stock Purchase Agreement, dated as
of January 10, 2011, among the Debtors, Sphere Capital, LLC – Series A and Cetus Capital, LLC. 
 “Backstop
First Lien Indebtedness” means the Indebtedness under the Existing Term Loan Agreement owing to the Backstop Parties, the approximate principal amount of which is $21,000,000. 

“Backstop Parties” means Sphere Capital LLC – Series A and Cetus Capital. 

“Bankruptcy Code” means Title 11 of the United States Code entitled “Bankruptcy,” as now and
hereafter in effect, or any successor statute. 
 “Bankruptcy Court” as defined in the recitals hereto.

 “Base Rate” means, for any day, a rate per annum equal to the greater of
(i) the Prime Rate in effect on such day and (ii) the Federal Funds Effective Rate in effect on such day plus
 1/2 of 1%. Any change in the Base Rate due to a
change in the Prime Rate or the Federal Funds Effective Rate shall be effective on the effective day of such change in the Prime Rate or the Federal Funds Effective Rate, respectively; provided, however, that notwithstanding the
foregoing, the Base Rate shall at no time be less than 2.75% per annum. On any day that Base Rate Loans are outstanding, in no event shall the Base Rate be less than the sum of (i) the Adjusted Eurodollar Rate (after giving effect
to any Adjusted Eurodollar Rate “floor”) that would be payable on such day for a Eurodollar Rate Loan with a one-month interest period plus (ii) the difference between the Applicable Margin for Eurodollar Rate Loans and the
Applicable Margin for Base Rate Loans. 
 “Base Rate Loan” means a Loan bearing interest at a rate
determined by reference to the Base Rate. 
 “Beneficiary” means each Agent, Lender and Lender Counterparty.

 “Board of Governors” means the Board of Governors of the United States Federal Reserve System, or any
successor thereto. 
 “Borrower” as defined in the preamble hereto. 

“Business Day” means (i) any day excluding Saturday, Sunday and any day which is a legal holiday under the laws of
the State of New York or is a day on which banking institutions located in such state are authorized or required by law or other governmental action to close and (ii) with respect to all notices, determinations, fundings and payments in
connection with the Adjusted Eurodollar Rate or any Eurodollar Rate Loans, the term “Business Day” means any day which is a Business Day described in clause (i) and which is also a day for trading by and between banks in
Dollar deposits in the London interbank market. 
 “Capital Lease” means, as applied to any Person, any lease
of any property (whether real, personal or mixed) by that Person as lessee that, in conformity with GAAP, is or should be accounted for as a capital lease on the balance sheet of that Person. 

“Cash” means money, currency or a credit balance in any demand or Deposit Account. 

“Cash Equivalents” means, as at any date of determination, any of the following: (i) marketable securities
(a) issued or directly and unconditionally guaranteed as to interest and principal by 

  
 5 

 
the United States Government or (b) issued by any agency of the United States the obligations of which are backed by the full faith and credit of the United States, in each case maturing
within one year after such date; (ii) marketable direct obligations issued by any state of the United States of America or any political subdivision of any such state or any public instrumentality thereof, in each case maturing within one year
after such date and having, at the time of the acquisition thereof, a rating of at least A-1 from S&P or at least P-1 from Moody’s; (iii) commercial paper maturing no more than six months from the date of creation thereof and having,
at the time of the acquisition thereof, a rating of at least A-1 from S&P or at least P-1 from Moody’s; (iv) certificates of deposit or bankers’ acceptances (or, in the case of Foreign Subsidiaries, the foreign equivalent thereof)
maturing within six months after such date and issued or accepted by any Lender or by any commercial bank organized under the laws of the United States of America or any state thereof or the District of Columbia that (a) is at least
“adequately capitalized” (as defined in the regulations of its primary Federal banking regulator) and (b) has Tier 1 capital (as defined in such regulations) of not less than $500,000,000; and (v) shares of any money market
mutual fund that (a) has substantially all of its assets invested continuously in the types of investments referred to in clauses (i) and (ii) above, (b) has net assets of not less than $2,500,000,000, and
(c) has the highest rating obtainable from either S&P or Moody’s. 
 “Certificate re Non-Bank
Status” means a certificate substantially in the form of Exhibit F. 
 “Chapter 11 Case”
and “Chapter 11 Cases” as defined in the recitals hereto. 
 “Change of Control” means,
(i) at any time prior to consummation of a Qualified IPO, the Permitted Holders shall cease, directly or indirectly, to beneficially own and control more than 50% on a fully diluted basis of the economic and/or voting interests in the Equity
Interests of Holdings; (ii) at any time on or after consummation of a Qualified IPO any Person or “group” (within the meaning of Rules 13d-3 and 13d-5 under the Exchange Act) other than the Permitted Holders (a)(x) shall have acquired
direct or indirect beneficial ownership or control of 35% or more on a fully diluted basis of the voting and/or economic interest in the Equity Interests of Holdings (unless Permitted Holders shall beneficially own or control, directly or
indirectly, at such time at least 50.1% on a fully diluted basis of the voting and/or economic interest in the Equity Interests of Holdings) or (y) shall have acquired direct or indirect beneficial ownership or control of voting and/or economic
interests in the Equity Interests of the Borrower in excess of those interests owned and controlled by the Permitted Holders at any time or (b) shall have obtained the power (whether or not exercised), directly or indirectly, to elect a
majority of the members of the board of directors (or similar governing body) of Holdings; (iii) Holdings shall cease to beneficially own and control 100% on a fully diluted basis of the economic and voting interest in the Equity Interests of
Borrower; (iv) the majority of the seats (other than vacant seats) on the board of directors (or similar governing body) of Holdings cease to be occupied by Persons who either (a) were members of the board of directors of Holdings on the
Closing Date or (b) were nominated for election by the board of directors of Holdings, a majority of whom were directors on the Closing Date or whose election or nomination for election was previously approved by a majority of such directors;
or (v) any “change of control” or similar event under the Replacement Revolving Credit Facility shall occur. For avoidance of doubt, no Change of Control shall be deemed to have occurred solely by virtue of the consummation of the
transactions contemplated by the Restructuring to occur on the Funding Date or any change of the composition of the board of directors (or similar governing body) resulting from the change in ownership contemplated by the Restructuring and any such
directors shall be deemed to have been directors on the Closing Date for purposes of this definition. 
 “Closing
Date” means the date on which this Agreement becomes effective. 

  
 6 

 “Closing Date Certificate” means a Closing Date Certificate substantially
in the form of Exhibit G-1. 
 “Collateral” means, collectively, all of the real, personal and
mixed property (including Equity Interests) in which Liens are purported to be granted pursuant to the Collateral Documents as security for the Obligations. 
 “Collateral Agent” as defined in the preamble hereto. 

“Collateral Documents” means the Pledge and Security Agreement, the Intercreditor Agreement, the Mortgages, the
Intellectual Property Security Agreements and all other instruments, documents and agreements delivered by or on behalf of any Credit Party pursuant to this Agreement or any of the other Credit Documents in order to grant to, or perfect in favor of,
Collateral Agent, for the benefit of Secured Parties, a Lien on any real, personal or mixed property of that Credit Party as security for the Obligations. 
 “Collateral Questionnaire” means a certificate in form reasonably satisfactory to Collateral Agent that provides information with respect to the personal or mixed property of each Credit
Party. 
 “Commitment” means any Term Loan Commitment. 

“Committees” means collectively, (a) the Unsecured Creditors Committee and (b) any other statutory committee
appointed in the Chapter 11 Cases, and each of such Committees shall be referred to herein as a “Committee”. 

“Compliance Certificate” means a Compliance Certificate substantially in the form of Exhibit C. 

“Confirmation Order” as defined in Section 3.2(a)(i)(B). 

“Consolidated Adjusted EBITDA” means, for any period, for Borrower and its Subsidiaries on a consolidated basis, an
amount equal to Consolidated Net Income for such period plus (a) without duplication, the following to the extent deducted in calculating such Consolidated Net Income: (i) Consolidated Interest Expenses and, to the extent not
reflected in Consolidated Interest Expense, interest, premium payments, amortization and write-off of debt discount and debt issuance costs and commissions, discounts and other charges and related fees and expenses in connection with borrowed money
and costs and expenses under Interest Rate Agreements or Currency Agreements for such period, (ii) the provision for federal, state, local and foreign income or other similar taxes (including franchise taxes) of Borrower and its Subsidiaries
for such period, (iii) the amount of depreciation and amortization expense deducted in determining such Consolidated Net Income, (iv) management fees and reimbursement of expenses accrued or paid in accordance with
Section 6.4(c), (v) any non-capitalized transactions costs, fees and expenses incurred with respect to any Permitted Acquisition or other permitted Investment (or with respect to any prospective Permitted Acquisition or Investment
which is not consummated), and any one-time payments made in connection with any Permitted Acquisition or other permitted Investment, so long as such one-time payments are contemplated to be made at the time of consummation of such Permitted
Acquisition or Investment and, in the case of a Permitted Acquisition to which the requirements of clause (v) of the definition of “Permitted Acquisition” are applicable, are set forth in the Compliance Certificate required to
be delivered in connection with such Permitted Acquisition pursuant to clause (v) of the definition of “Permitted Acquisition”, in the case of each such Permitted Acquisition or permitted Investment, in an aggregate amount not
to exceed $3,000,000, (vi) any 

  
 7 

 
Restructuring Transaction Costs in an aggregate amount not to exceed $20,000,000, (vii)(A) any non-acquisition related expenses consisting of professional fees and expenses, severance expenses,
relocation expenses and/or recruiting expenses in the aggregate for any four Fiscal Quarter period, (B) the aggregate restructuring costs, fees and expenses incurred after the Funding Date (including costs, fees and expenses incurred in
connection with the Restructuring and/or the effectiveness of the Restructuring and/or the financings expressly contemplated by the applicable Restructuring Documentation) (solely to the extent incurred after the Funding Date), and (C) unusual
or non-recurring expenses and losses, in an aggregate amount for the foregoing clauses (A), (B) and (C) not to exceed $2,500,000 for any four Fiscal Quarter period, (viii) any non-cash charges (including deferred
financing fees, write downs or write offs of assets, and impairment of goodwill) to the extent they will not result in a cash charge in any future period and any interest payable in kind, and (ix) any extraordinary items (including losses),
minus (b) without duplication, to the extent included in calculating such Consolidated Net Income, any extraordinary items (including gains). Notwithstanding the foregoing, for purposes of calculating Consolidated Adjusted EBITDA for any
fiscal month that ends prior to the Funding Date (before giving effect to any pro forma adjustments for Permitted Acquisitions and Asset Sales pursuant to Section 6.7(d)), Consolidated Adjusted EBITDA for each such fiscal month set forth
below shall be deemed to be the amount set forth opposite such fiscal month: 
  

					
	Fiscal Month	  	Consolidated Adjusted EBITDA	 
		
	 January, 2010
	  	($	500,000	) 
	 February, 2010
	  	$	700,000	  
	 March, 2010
	  	$	6,700,000	  
	 April, 2010
	  	$	4,300,000	  
	 May, 2010
	  	$	3,200,000	  
	 June, 2010
	  	$	6,300,000	  
	 July, 2010
	  	$	2,500,000	  
	 August, 2010
	  	$	2,300,000	  
	 September, 2010
	  	$	4,200,000	  
	 October, 2010
	  	$	1,200,000	  
	 November, 2010
	  	$	800,000	  

 “Consolidated
Capital Expenditures” means, for any period, the aggregate of (a) all expenditures of Borrower and its Subsidiaries during such period determined on a consolidated basis that, in accordance with GAAP, are or should be included in
“purchase of property and equipment” or similar items, or which should otherwise be capitalized, reflected in the consolidated statement of cash flows of Borrower and its Subsidiaries and (b) any Synthetic Lease Obligations incurred
by Borrower and its Subsidiaries; provided that Consolidated Capital Expenditures shall not include any expenditures (i) for replacements and substitutions for assets, to the extent made with Net Insurance/Condemnation Proceeds invested
pursuant to Section 2.14(b) or with Net Asset Sale Proceeds invested pursuant to Section 2.14(a), (ii) which constitute a Permitted Acquisition permitted under Section 6.8, (iii) a leasehold improvement
paid for by a Credit Party on premises leased by such Credit Party, but only to the extent such Credit Party has been reimbursed by the landlord under such leasehold within 60 days of the incurrence of such expenditure or (iv) exchanges and
trade-ins of equipment, in each case to the extent otherwise included in “Consolidated Capital Expenditures” for such period. 
 “Consolidated Current Assets” means, as at any date of determination, the total assets of a Person and its Subsidiaries on a consolidated basis that may properly be classified as current
assets in conformity with GAAP, excluding Cash and Cash Equivalents. 

  
 8 

 “Consolidated Current Liabilities” means, as at any date of determination,
the total liabilities of a Person and its Subsidiaries on a consolidated basis that may properly be classified as current liabilities in conformity with GAAP, excluding the current portion of long term debt, Capital Leases and loans under the
Replacement Revolving Credit Facility. 
 “Consolidated Excess Cash Flow” means, for any period, an amount (if
positive) equal to: 
 (i) the sum, without duplication, of the amounts for such period of (a) Consolidated Net
Income, plus, (b) to the extent reducing Consolidated Net Income, the sum, without duplication, of amounts for non-Cash charges reducing Consolidated Net Income, including for depreciation and amortization (excluding any such non-Cash
charge to the extent that it represents an accrual or reserve for potential Cash charge in any future period or amortization of a prepaid Cash charge that was paid in a prior period), plus (c) the Consolidated Working Capital Adjustment,
minus 
 (ii) the sum, without duplication, of (a) the amounts for such period paid from Internally Generated
Cash of the aggregate principal amount of all scheduled repayments of Indebtedness for borrowed money (excluding repayments of the Loans and outstanding loans under the Revolving Credit Facility except to the extent the commitments thereunder are
permanently reduced in connection with such repayments) and scheduled repayments of obligations under Capital Leases (excluding any interest expense portion thereof), together with the aggregate amount of any premiums, make-whole payments or
penalties paid in cash and required to be made in connection with any prepayment of Indebtedness (and not otherwise deducted in the computation of Consolidated Net Income), plus (b) the amounts for such period paid from Internally
Generated Cash of Consolidated Capital Expenditures plus, (c) the amounts for such period of scheduled repayments of the Loans to the extent paid from Internally Generated Cash, mandatory prepayments of the Loans (to the extent that the
event giving rise to such mandatory prepayment increased Consolidated Net Income) plus, (d) other non-Cash gains or credits increasing Consolidated Net Income for such period (excluding any such non-Cash gain or credit to the extent it
represents the reversal of an accrual or reserve for potential Cash gain in any prior period), plus (e) Investments permitted under Section 6.6(n) and Permitted Acquisitions permitted under Section 6.8(f) in an
aggregate amount not to exceed $1,250,000 in any Fiscal Year, plus (f) the amount of income taxes (including penalties and interest) paid in cash in such period, plus (g) the lesser of (I) the amount of management or
similar fees paid during such period pursuant to Section 6.4(c) and (II) $1,000,000, plus (h) expense reimbursements paid under the management agreements permitted under this Agreement. As used in this clause (ii),
“scheduled repayment of Indebtedness” does not include mandatory prepayments or voluntary prepayments. 

“Consolidated Interest Expense” means, for any period, for Borrower and its Subsidiaries on a consolidated basis, the
sum of (i) all cash interest, premium payments, debt discount, charges and related fees and expenses of Borrower and its Subsidiaries in connection with borrowed money (including capitalized interest) or in connection with the deferred purchase
price of assets, in each case to the extent treated as interest in accordance with GAAP, and (ii) the portion of rent expense of Borrower and its Subsidiaries with respect to such period under capital leases that is treated as interest in
accordance with GAAP. Notwithstanding the foregoing, for purposes of calculating Consolidated Interest Expense for any period that includes a Fiscal Quarter (or portion thereof) prior to the Funding Date (other than as a component of Consolidated
Adjusted EBITDA), Consolidated Interest Expense shall be calculated from the period from the Funding Date to the date of determination divided by the number of days in such period and multiplied by 365. 

“Consolidated Net Income” means, for any period, for Borrower and its Subsidiaries on a consolidated basis, the net
income of Borrower and its Subsidiaries for such period determined in 

  
 9 

 
accordance with GAAP but excluding in any event (a) after-tax extraordinary gains or extraordinary losses; (b) after-tax gains or losses realized from (i) the acquisition of any
securities, or the extinguishment or conversion of any Indebtedness or Equity Interest, of Borrower or any of its Subsidiaries or (ii) any sales of assets (other than inventory in the ordinary course of business); (c) net earnings or loss
of any other Person (other than a Subsidiary of Borrower) in which Borrower or any of its Subsidiaries has an ownership interest, except (in the case of any such net earnings) to the extent such net earnings shall have actually been received by
Borrower or such Subsidiary (subject to the limitation in clause (d) below) in the form of cash dividends or distributions; (d) the net income of any Subsidiary to the extent that the declaration or payment of dividends or similar
distributions by such Subsidiary of its net income is not at the time of determination permitted without approval under applicable law or under such Subsidiary’s organizational documents or any agreement or instrument applicable to such
Subsidiary or its stockholders; (e) gains or losses from the cumulative effect of any change in accounting principles; (f) earnings resulting from any reappraisal, revaluation or write-up or write-down of assets; and (g) the income
(or loss) of any Person accrued prior to the date it becomes a Subsidiary of Borrower or any of its Subsidiaries or is merged into or consolidated with Borrower or any of its Subsidiaries or such Person’s assets are acquired by Borrower or such
Subsidiary. In addition, Consolidated Net Income shall be calculated without giving effect to (i) any write-off of deferred financing costs incurred as a result of the refinancing of Indebtedness, (ii) purchase accounting or similar
adjustments required or permitted by GAAP, in connection with the Restructuring or any Permitted Acquisitions or other permitted Investments, and adjustments resulting from the adoption of fresh-start accounting principles and other non-cash
adjustments arising out of the Restructuring and the effectiveness thereof, (iii) any gain or loss recognized in determining consolidated net income (or net loss) for such period in respect of pension and other post-retirement benefits and
(iv) any gain or loss recognized in determining consolidated net income (or loss) for such period in respect of pension assets. 
 “Consolidated Total Debt” means, as at any date of determination, the sum, without duplication, of all Funded Indebtedness of Borrower and its Subsidiaries determined on a consolidated
basis. 
 “Consolidated Working Capital” means, as at any date of determination, at any date,
(a) Consolidated Current Assets as of such date, minus (b) Consolidated Current Liabilities as of such date. Consolidated Working Capital at any date may be a positive or negative number. Consolidated Working Capital increases when it
becomes more positive or less negative and decreases when it becomes less positive or more negative. In determining Consolidated Working Capital for Fiscal Year 2011, (i) an amount equal to the aggregate amount of non-cash tax attributes of the
Borrower and its Subsidiaries that are reduced pursuant to the Restructuring shall be excluded from Consolidated Current Assets, and (ii) an amount equal to the aggregate amount of non-cash tax liabilities of the Borrower and its Subsidiaries
that are discharged pursuant to the Restructuring shall be excluded from Consolidated Current Liabilities. 

“Consolidated Working Capital Adjustment” means, for any period on a consolidated basis, the amount (which may be a
negative number) by which Consolidated Working Capital as of the beginning of such period exceeds (or is less than) Consolidated Working Capital as of the end of such period. In calculating the Consolidated Working Capital Adjustment there shall be
excluded the effect of reclassification during such period of current assets to long term assets and current liabilities to long term liabilities and the effect of any Permitted Acquisition during such period; provided that there shall be
included with respect to any Permitted Acquisition during such period an amount (which may be a negative number) by which the Consolidated Working Capital acquired in such Permitted Acquisition as at the time of such acquisition exceeds (or is less
than) Consolidated Working Capital at the end of such period. 

  
 10 

 “Contractual Obligation” means, as applied to any Person, any provision of
any Security issued by that Person or of any indenture, mortgage, deed of trust, contract, undertaking, agreement or other instrument to which that Person is a party or by which it or any of its properties is bound or to which it or any of its
properties is subject. 
 “Contributing Guarantors” as defined in Section 7.2. 

“Control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management
or policies of a Person, whether through the ownership of voting securities or by contract, and the terms “Controlling” and “Controlled” shall have meanings correlative thereto. 

“Controlled Investment 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 and is organized by such Person (or any Person Controlling such Person) primarily for making equity or debt investments in Holdings or other portfolio companies. 

“Conversion/Continuation Date” means the effective date of a continuation or conversion, as the case may be, as set
forth in the applicable Conversion/Continuation Notice. 
 “Conversion/Continuation Notice” means a
Conversion/Continuation Notice substantially in the form of Exhibit A-2. 
 “Counterpart Agreement”
means a Counterpart Agreement substantially in the form of Exhibit H delivered by a Credit Party pursuant to Section 5.10. 
 “Credit Document” means any of this Agreement, the Notes, if any, the Collateral Documents, the Intercreditor Agreement, and all other documents, certificates, instruments or agreements
executed and delivered by or on behalf of a Credit Party for the benefit of any Agent or any Lender in connection herewith on or after the date hereof. 
 “Credit Extension” means the making of a Loan. 
 “Credit
Party” means Borrower and each Guarantor from time to time party to a Credit Document. 
 “Currency
Agreement” means any foreign exchange contract, currency swap agreement, futures contract, option contract, synthetic cap or other similar agreement or arrangement, each of which is for the purpose of hedging the foreign currency risk
associated with Holdings’ and its Subsidiaries’ operations and not for speculative purposes. 

“Debtors” as defined in the recitals hereto. 
 “Default” means a condition or event that, after notice or lapse of grace period or cure period or both, would constitute an Event of Default. 

“Default Excess” means, with respect to any Funds Defaulting Lender, (i) in the case of a failure to fund a Loan,
the excess, if any, of such Defaulting Lender’s Pro Rata Share of the aggregate outstanding principal amount of Loans of all Lenders (calculated as if all Funds Defaulting Lenders (including such Funds Defaulting Lender) had funded all of their
respective Defaulted Loans) over the aggregate outstanding principal amount of all Loans actually funded by such Funds Defaulting Lender and (ii) in the case of a failure to fund its Pro Rata Share of any payment under Section 9.6,
such Lender’s Pro Rata Share with respect to such participation or payment. 

  
 11 

 “Default Period” means, (x) with respect to any Funds Defaulting
Lender, the period commencing on the date that such Lender became a Funds Defaulting Lender and ending on the earliest of: (i) the date on which all Commitments are cancelled or terminated and/or the Obligations are declared or become
immediately due and payable, (ii) the date on which (a) the Default Excess with respect to such Defaulting Lender shall have been reduced to zero (whether by the funding by such Defaulting Lender of any of its Defaulted Loans or by the
non-pro rata application of any voluntary or mandatory prepayments of the Loans in accordance with the terms of Section 2.13 or Section 2.14 or by a combination thereof) and/or such Defaulting Lender shall have paid all
amounts required to be paid by it under Section 9.6, as the case may be, and (b) such Defaulting Lender shall have delivered to Borrower and Administrative Agent a written reaffirmation of its intention to honor its obligations
hereunder with respect to its Commitments, and (iii) the date on which Borrower, Administrative Agent and Requisite Lenders waive all failures of such Defaulting Lender to fund or make payments required hereunder in writing; and (y) with
respect to any Insolvency Defaulting Lender, the period commencing on the date such Lender became an Insolvency Defaulting Lender and ending on the earliest of the following dates: (i) the date on which all Commitments are cancelled or
terminated and/or the Obligations are declared or become immediately due and payable and (ii) the date that such Defaulting Lender ceases to hold any portion of the Loans or Commitments. 

“Defaulted Loan” means any Loan not made by any Lender when required hereunder. 

“Defaulting Lender” means any Funds Defaulting Lender or Insolvency Defaulting Lender. 

“Delayed Draw Termination Date” means the date prior to the funding of the Term Loans that is the earliest to occur of
the following: (a) the 6 month anniversary of the Closing Date, (b) the date that the Borrower notifies the Administrative Agent in writing that the conditions in Section 3.2 shall not be met or that it otherwise elects to
terminate this Agreement, (c) if the Chapter 11 Cases have commenced, the date that is 10 days following the Petition Date if the Bankruptcy Court has not entered the Interim Approval Order or prior to such date, (d) if the Chapter 11
Cases have commenced, the date that is 45 days following the Petition Date if the Bankruptcy Court has not entered the Final Approval Order on or prior to such date, (e) if the Chapter 11 Cases have commenced, the date on which the Bankruptcy
Court denies entry of the Interim Approval Order or the Final Approval Order (and for avoidance of doubt, for purposes of this clause (e), any adjournment by the Bankruptcy Court of the hearing on Borrower’s motion for the entry of the
Interim Approval Order or the Final Approval Order to a subsequent date shall not in and of itself be deemed to constitute a denial of the entry of the Interim Approval Order or Final Approval Order), (f) if the Chapter 11 Cases have commenced,
the date on which the Interim Approval Order, once entered by the Bankruptcy Court (and prior to entry of the Final Approval Order), shall cease to be in full force and effect or shall have been (in a manner that is adverse to the Arranger, the
Administrative Agent or the Lenders as determined in good faith by the Administrative Agent) reversed, modified, amended, stayed or vacated, in the case of any modification or amendment that is adverse to the Lenders (as determined in good faith by
the Administrative Agent), without the prior written consent of Administrative Agent and Requisite Lenders, (g) if the Chapter 11 Cases have commenced, the date on which the Final Approval Order, once entered by the Bankruptcy Court, shall
cease to be in full force and effect or shall have been (in a manner that is adverse to the Arranger, the Administrative Agent or the Lenders as determined in good faith by the Administrative Agent) reversed, modified, amended, stayed or vacated, in
the case of any modification or amendment that is adverse to the Lenders (as determined in good faith by the Administrative Agent), without the prior written consent of Administrative Agent and Requisite Lenders, (h) the date on which the
Borrower 

  
 12 

 
notifies the Administrative Agent in writing that both the transactions contemplated by the Exchange Offer Documentation and the Plan of Reorganization are abandoned or (i) the date on which
the Administrative Agent, at the direction of the Requisite Lenders, has, based upon the occurrence of any Event of Default, declared all Obligations due and immediately payable pursuant to Section 8.1 and delivered a notice of
termination of this Agreement. 
 “Deposit Account” means a demand, time, savings, passbook or like account
with a bank, savings and loan association, credit union or like organization, other than an account evidenced by a negotiable certificate of deposit. 
 “Disqualified Equity Interests” means any Equity Interest which, by its terms (or by the terms of any security or other Equity Interests into which it is convertible or for which it is
exchangeable or exercisable), or upon the happening of any event or condition (i) matures (excluding any maturity as the result of any optional redemption by the issuer thereof) or is mandatorily redeemable (other than solely for Equity
Interests which are not otherwise Disqualified Equity Interests), pursuant to a sinking fund obligation or otherwise, (ii) is redeemable at the option of the holder thereof (other than solely for Equity Interests which are not otherwise
Disqualified Equity Interests), in whole or in part, (iii) provides for scheduled payments or dividends in cash, or (iv) is or becomes convertible into or exchangeable for Indebtedness or any other Equity Interests that would constitute
Disqualified Equity Interests, in each case, prior to the date that is 91 days after the Term Loan Maturity Date, except, in the case of clauses (i) and (ii), if as a result of a change of control or asset sale, so long as any
rights of the holders thereof upon the occurrence of such a change of control or asset sale event are subject to the prior payment in full of all Obligations (other than Unasserted Obligations) and the termination of the Commitments. 

“Dollars” and the sign “$” mean the lawful money of the United States of America. 

“Domestic Subsidiary” means any Subsidiary organized under the laws of the United States of America, any State thereof
or the District of Columbia. 
 “Eligible Assignee” means any Person other than a natural Person that is
(i) a Lender, an affiliate of any Lender or a Related Fund (any two or more Related Funds being treated as a single Eligible Assignee for all purposes hereof), or (ii) a commercial bank, insurance company, investment or mutual fund or
other entity that is an “accredited investor” (as defined in Regulation D under the Securities Act) and which extends credit or buys loans in the ordinary course of business; provided, (a) no Credit Party may be an
Eligible Assignee except pursuant to Section 2.13(b) and (b) no Affiliates of Holdings in the aggregate may hold more than 20% of the aggregate principal amount of Term Loans outstanding at any time. 

“Employee Benefit Plan” means any “employee benefit plan” as defined in Section 3(3) of ERISA, other than
a Multiemployer Plan or Pension Plan, which is sponsored, maintained or contributed to by Holdings or any of its Subsidiaries. 

“Engagement Letter” means that certain Engagement Letter, dated as of November 23, 2010, between the Borrower and
Goldman Sachs. 
 “Environmental Claim” means any investigation, notice, notice of violation, claim, action,
suit, proceeding, demand, abatement order or other order or directive (conditional or otherwise), by any Governmental Authority or any other Person, arising (i) pursuant to or in connection with any actual or alleged violation of any
Environmental Law; (ii) in connection with any Hazardous Material or any actual or alleged Hazardous Materials Activity; or (iii) in connection with any actual or alleged damage, injury, threat or harm to occupational health and safety,
natural resources or the environment. 

  
 13 

 “Environmental Laws” means any and all current or future foreign or
domestic, federal or state (or any subdivision of either of them), statutes, ordinances, orders, rules having the force and effect of law, regulations, judgments, Governmental Authorizations, or any other requirements having the force and effect of
law of Governmental Authorities relating to (i) the protection or restoration of the environment, including the indoor and outdoor air, surface and groundwater, and land and subsurface strata; (ii) any Hazardous Materials Activity;
(iii) the presence, generation, use, storage, transportation or disposal of Hazardous Materials; or (iv) occupational safety and health, industrial hygiene as applicable to Holdings or any of its Subsidiaries or any Facility. 

“Equity Interests” means any and all shares, interests, participations or other equivalents (however designated) of
capital stock of a corporation, any and all equivalent ownership interests in a Person (other than a corporation), including partnership interests and membership interests, and any and all warrants, rights or options to purchase or other
arrangements or rights to acquire any of the foregoing. 
 “ERISA” means the Employee Retirement Income
Security Act of 1974, as amended from time to time, and any successor thereto. 
 “ERISA Affiliate” means, as
applied to any Person, (i) any corporation which is a member of a controlled group of corporations within the meaning of Section 414(b) of the Internal Revenue Code of which that Person is a member; (ii) any trade or business (whether
or not incorporated) which is a member of a group of trades or businesses under common control within the meaning of Section 414(c) of the Internal Revenue Code of which that Person is a member; and (iii) solely for purposes of
Section 412 of the Internal Revenue Code, any member of an affiliated service group within the meaning of Section 414(m) or (o) of the Internal Revenue Code of which that Person is a member. 

“ERISA Event” means (i) a “reportable event” within the meaning of Section 4043 of ERISA and the
regulations issued thereunder with respect to any Pension Plan (excluding those for which the provision for 30-day notice to the PBGC has been waived by regulation); (ii) the failure to meet the minimum funding standard of Section 412 of
the Internal Revenue Code with respect to any Pension Plan (whether or not waived in accordance with Section 412(c) of the Internal Revenue Code) or the failure to make by its due date a required installment under Section 430(j) of the
Internal Revenue Code with respect to any Pension Plan or the failure to make any required contribution to a Multiemployer Plan; (iii) the provision by the administrator of any Pension Plan pursuant to Section 4041(a)(2) of ERISA of a
notice of intent to terminate such plan in a distress termination described in Section 4041(c) of ERISA; (iv) the withdrawal by Holdings, any of its Subsidiaries or any of their respective ERISA Affiliates from any Pension Plan with two or
more contributing sponsors or the termination of any such Pension Plan resulting in liability to Holdings, any of its Subsidiaries or any of their respective ERISA Affiliates pursuant to Section 4063 or 4064 of ERISA; (v) the institution
by the PBGC of proceedings to terminate any Pension Plan, or the occurrence of any event or condition which would reasonably be expected to constitute grounds under Section 4024 of ERISA for the termination of, or the appointment of a trustee
to administer, any Pension Plan; (vi) the imposition of liability on Holdings, any of its Subsidiaries or any of their respective ERISA Affiliates pursuant to Section 4062(e) or 4069 of ERISA or by reason of the application of
Section 4212(c) of ERISA; (vii) the withdrawal of Holdings, any of its Subsidiaries or any of their respective ERISA Affiliates in a complete or partial withdrawal (within the meaning of Sections 4203 and 4205 of ERISA) from any
Multiemployer Plan if there is any withdrawal liability therefor, or the receipt by Holdings, any of its Subsidiaries or any of their respective ERISA Affiliates of notice from any Multiemployer Plan that it is in reorganization or insolvency
pursuant to Section 4241 or 4245 of ERISA, or that it intends to terminate or has terminated under Section 4041A or 4042 of ERISA; or (viii) the provision of security under Section 436(f) of the Internal Revenue Code by Holdings
or any of its Subsidiaries on the assets of Holdings or any of its Subsidiaries. 

  
 14 

 “Eurodollar Rate Loan” means a Loan bearing interest at a rate determined
by reference to the Adjusted Eurodollar Rate. 
 “Event of Default” means each of the conditions or events set
forth in Section 8.1. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended from
time to time, and any successor statute. 
 “Exchange Offer” as defined in the recitals hereto. 

“Exchange Offer Documentation” means the Exchange Offering Memorandum and all material documents, instruments,
certificates or other agreements executed and or delivered in connection with the Exchange Offer and the transactions contemplated thereby. 
 “Exchange Offering Memorandum” means that certain Offering Memorandum and Disclosure Statement soliciting the consent of the holders of the Senior Subordinated Notes. 

“Excluded Information” as defined in Section 2.13(b)(v). 

“Existing Revolving Credit Agreement” means that certain Revolving Credit Agreement, dated as of January 12, 2007,
among the Borrower, Holdings, the lenders party thereto, and Bank of America, N.A., as administrative agent, collateral agent, issuing bank and swingline lender, as amended, supplemented or otherwise modified prior to the Closing Date. 

“Existing Revolving Credit Facility” means the revolving credit facility provided under the Existing Revolving Credit
Agreement. 
 “Existing Term Loan Agreement” means that certain Term Credit Agreement, dated as of
January 12, 2007, among Borrower, the Agent (as defined thereunder) and the financial institutions signatory thereto as Lenders, as amended, supplemented or otherwise modified prior to the Closing Date. 

“Existing Term Loan Indebtedness” means the Indebtedness and other obligations under the Existing Term Loan Agreement,
the approximate principal amount of which is $186,700,000 plus interest and fees outstanding under the Existing Term Loan Agreement. 
 “Facility” means any real property (including all buildings, fixtures or other improvements located thereon) now, hereafter or heretofore owned, leased, operated or used by Holdings or
any of its Subsidiaries or any of their respective predecessors. 
 “Fair Share” as defined in
Section 7.2. 
 “Fair Share Contribution Amount” as defined in Section 7.2. 

“FATCA” means Sections 1471 through 1474 of the Internal Revenue Code (effective as of the date hereof) and any
regulations promulgated thereunder or official interpretations thereof. 
 “Federal Funds Effective Rate” means
for any day, the rate per annum (expressed, as a decimal, rounded upwards, if necessary, to the next higher 1/100 of 1%) 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, (i) if such day is not a Business Day, the Federal

  
 15 

 
Funds Rate for such day shall be such rate on such transactions on the next preceding Business Day as so published on the next succeeding Business Day, and (ii) 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 charged to Administrative Agent on such day on such transactions as determined by Administrative Agent. 

“Fee Letter” means that certain Fee Letter dated as of November 17, 2010, between Borrower and Goldman Sachs.

 “Final Approval Order” as defined in Section 3.2(a)(i). 

“Financial Officer Certification” means, with respect to the financial statements for which such certification is
required, the certification of the chief financial officer, chief executive officer, or other responsible officer serving in a similar capacity of Borrower (a “Financial Officer”) that such financial statements fairly present, in all
material respects, the financial condition of Borrower and its Subsidiaries as at the dates indicated and the results of their operations and their cash flows for the periods indicated, subject to changes resulting from audit and normal year-end
adjustments. 
 “Financial Plan” as defined in Section 5.1(i). 

“First Priority” means, with respect to any Lien purported to be created in any Collateral pursuant to any Collateral
Document that (except as otherwise permitted by the Collateral Documents), (i) with respect to all Collateral other than the Replacement Revolving Priority Collateral, such Lien is senior to all other Liens (other than Liens permitted under
Sections 6.2(b), (c), (d), (e), (g), (h), (i), (j), (l) and (m)), and such Collateral is not subject to any junior Liens other than Permitted Liens, and (ii) with
respect to the Replacement Revolving Priority Collateral, such Lien is junior only to the Liens of the secured parties under such Revolving Credit Facility, but only to the extent and on the terms set forth in the Intercreditor Agreement, and the
Liens permitted under Sections 6.2(b), (c), (d), (e), (g), (h), (i), (j), (l) and (m), and is senior to all other Liens and such Collateral is not subject to any junior Liens
other than Permitted Liens. 
 “Fiscal Quarter” means a fiscal quarter of any Fiscal Year. 

“Fiscal Year” means the fiscal year of Holdings and its Subsidiaries ending on the Saturday closest to December 31
of each calendar year. 
 “Flood Hazard Property” means any Real Estate Asset subject to a mortgage in favor of
Collateral Agent, for the benefit of Secured Parties, and located in an area designated by the Federal Emergency Management Agency as having special flood or mud slide hazards. 

“Foreign Subsidiary” means any Subsidiary that is not a Domestic Subsidiary. 

“Funded Indebtedness” of any Person means (a) the outstanding principal amount of all obligations of such Person,
whether current or long-term, for borrowed money (including Obligations hereunder) and all obligations of such Person evidenced by bonds, debentures, notes, loan agreements or other similar instruments (but in any case excluding obligations in
respect of undrawn letters of credit and trade and other accounts payable not more than 90 days past due and customer deposits), (b) all purchase money Indebtedness of such Person, (c) all direct obligations of such Person consisting of
owed and unpaid reimbursement obligations with respect to letters of credit (including standby and commercial), bankers’ acceptances, bank guaranties, surety bonds and similar instruments, (d) all obligations of such Person in respect of
the deferred purchase price of property or services (other than trade and other accounts payable, customer deposits and other accrued liabilities, in each case, in the ordinary course of 

  
 16 

 
business), (e) Attributable Indebtedness of such Person in respect of capital leases and Synthetic Lease Obligations, (f) without duplication, all Guarantees of such Person with respect
to outstanding Indebtedness of the types specified in clauses (a) through (e) above of Persons other than such Person or any Subsidiary, and (g) all Indebtedness of the types referred to in clauses
(a) through (f) above of any partnership or joint venture (other than a joint venture that is itself a corporation or limited liability company) in which such Person or any Subsidiary is a general partner or joint venturer,
unless such Indebtedness is expressly made non-recourse (other than recourse for usual and customary “bad boy” acts) to such Person or such Subsidiary; provided that “Funded Indebtedness” shall not include any earnouts or
other amounts constituting the payment of deferred purchase price with respect to any Permitted Acquisition permitted pursuant to Section 6.6(g) or an Investment permitted hereunder and the amount of which is based on, or calculated by
reference to, bona fide financial or other operating performance, unless and until such earnouts or other amounts would be reflected as a liability on the balance sheet of such Person in accordance with GAAP if such balance sheet were prepared at
such time. 
 “Funding Date” as defined in the recitals hereto. 

“Funding Date Mortgaged Property” as defined in Section 3.2(f)(i). 

“Funding Guarantors” as defined in Section 7.2. 

“Funding Notice” means a notice substantially in the form of Exhibit A-1. 

“Funds Defaulting Lender” means any Lender who has failed to pay to Administrative Agent or any other Lender any amount
due under any Credit Document within five Business Days of the date due, unless such amount is the subject of a good faith dispute. 
 “GAAP” means, subject to the limitations on the application thereof set forth in Section 1.2, United States generally accepted accounting principles in effect as of the date
of determination thereof. 
 “Governmental Acts” means any act or omission, whether rightful or wrongful, of
any present or future de jure or de facto government or Governmental Authority. 
 “Governmental Authority”
means any federal, state, municipal, national or other government, governmental department, commission, board, bureau, court, agency or instrumentality or political subdivision thereof or any entity, officer or examiner exercising executive,
legislative, judicial, regulatory or administrative functions of or pertaining to any government or any court, in each case whether associated with a state of the United States, the United States, or a foreign entity or government. 

“Governmental Authorization” means any permit, license, authorization, plan, directive, consent order or consent decree
of or from any Governmental Authority. 
 “Grantor” as defined in the Pledge and Security Agreement.

 “Guaranteed Obligations” as defined in Section 7.1. 

“Guarantor” means each of Holdings and each Domestic Subsidiary of Holdings (other than Borrower), including, if the
Chapter 11 Cases have commenced, as debtor-in-possession and, upon the Plan Effective Date, as reorganized debtor. 

“Guarantor Subsidiary” means each Guarantor other than Holdings. 

  
 17 

 “Guaranty” means the guaranty of each Guarantor set forth in
Section 7. 
 “Hazardous Materials” means any chemical, material or substance which is regulated by
any Governmental Authority under any Environmental Law, or which may or could pose a hazard to the health and safety of the owners, occupants or any Persons in the vicinity of any Facility or to the environment because of its dangerous or
deleterious properties or characteristics. 
 “Hazardous Materials Activity” means any past or present
activity, event or occurrence involving any Hazardous Materials, including the presence, use, manufacture, possession, storage, holding, presence, existence, location, Release, threatened Release, discharge, placement, generation, transportation,
processing, construction, treatment, abatement, removal, remediation, disposal, disposition or handling of any Hazardous Materials, and any corrective action or response action with respect to any of the foregoing. 

“Hedge Agreement” means an Interest Rate Agreement or a Currency Agreement entered into with a Lender Counterparty.

 “Highest Lawful Rate” means the maximum lawful interest rate, if any, that at any time or from time to time
may be contracted for, charged, or received under the laws applicable to any Lender which are presently in effect or, to the extent allowed by law, under such applicable laws which may hereafter be in effect and which allow a higher maximum
nonusurious interest rate than applicable laws now allow. 
 “Historical Financial Statements” means as of the
Closing Date, (i) the audited financial statements of Borrower and its Subsidiaries, for the three Fiscal Years ended at least 90 days prior to the Closing Date, consisting of balance sheets and the related consolidated statements of income,
stockholders’ equity and cash flows for such Fiscal Years, and (ii) the unaudited financial statements of Borrower and its Subsidiaries as of the most recent Fiscal Quarter ended after the date of the most recent audited financial
statements described in clause (i) and at least 45 days prior to the Closing Date, consisting of a balance sheet and the related consolidated statements of income, stockholders’ equity and cash flows for the three-, six-or
nine-month period, as applicable, ending on such date, and, in the case of clauses (i) and (ii), accompanied by a Financial Officer Certification with respect thereto. 

“Holdings” as defined in the preamble hereto. 
 “Holdings Administrative Advances” means any unsecured loans or advances made by the Borrower to Holdings so long as the proceeds thereof are used for general administrative cost and
expenses incurred by Holdings. 
 “Holdings Merger” means the merger (on or prior to the Funding Date) of
Holdings into a shell entity having de minimis assets and liabilities as contemplated by the Exchange Offering Memorandum, the consideration paid to shareholders of Holdings pursuant to which shall not exceed $100,000; provided that
(i) following the Holdings Merger, the surviving Person shall be Keystone Automotive Holdings, Inc., (ii) the Person merging with and into Holdings shall be Solvent and shall be organized under the laws of the United States or any state
thereof (including the District of Columbia), (iii) the Person merging with and into Holdings shall have no other Indebtedness or any Liens upon any of its property or assets, in each case immediately prior to giving effect to the Holdings
Merger and (iv) the Person merging with and into Holdings shall not have engaged in any business or activity or owned any assets (other than de minimus assets) at any time prior to giving effect to the Holdings Merger, other than performing
activities incidental to the consummation of the Holdings Merger. 

  
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 “Increased-Cost Lenders” as defined in Section 2.23.

 “Indebtedness” means, as applied to any Person, without duplication, (i) all indebtedness for borrowed
money; (ii) that portion of obligations with respect to Capital Leases that is properly classified as a liability on a balance sheet in conformity with GAAP and Synthetic Lease Obligations; (iii) notes payable and drafts accepted
representing extensions of credit whether or not representing obligations for borrowed money (but in any case excluding trade and other accounts payable in the ordinary course of business and not more than 90 days past due and customer deposits in
the ordinary course of business) and (iv) any obligation owed for all or any part of the deferred purchase price of property or services, including any earn-out obligations (excluding any such obligations incurred under ERISA), which purchase
price is (a) due more than six months from the date of incurrence of the obligation in respect thereof or (b) evidenced by a note or similar written instrument (but in any case excluding trade and other accounts payable in the ordinary
course of business and not more than 90 days past due and customer deposits in the ordinary course of business); (v) all indebtedness secured by any Lien on any property or asset owned or held by that Person regardless of whether the
indebtedness secured thereby shall have been assumed by that Person or is nonrecourse to the credit of that Person; (vi) the face amount of any letter of credit issued for the account of that Person or as to which that Person is otherwise
liable for reimbursement of drawings; (vii) Disqualified Equity Interests, (viii) the direct or indirect guaranty, endorsement (otherwise than for collection or deposit in the ordinary course of business), co-making, discounting with
recourse or sale with recourse by such Person of the obligation of another; (ix) any obligation of such Person the primary purpose or intent of which is to provide assurance to an obligee of Indebtedness of another that the obligation of the
obligor thereof will be paid or discharged, or any agreement relating thereto will be complied with, or the holders thereof will be protected (in whole or in part) against loss in respect thereof; (x) any liability of such Person for an
obligation of another constituting Indebtedness through any agreement (contingent or otherwise) (a) to purchase, repurchase or otherwise acquire such obligation or any security therefor, or to provide funds for the payment or discharge of such
obligation (whether in the form of loans, advances, stock purchases, capital contributions or otherwise) or (b) to maintain the solvency or any balance sheet item, level of income or financial condition of another if, in the case of any
agreement described under subclauses (a) or (b) of this clause (x), the primary purpose or intent thereof is as described in clause (ix) above; and (xi) all obligations of such Person in respect of any
exchange traded or over the counter derivative transaction, including under any Interest Rate Agreement or Currency Agreement, in each case, whether entered into for hedging or speculative purposes or otherwise; provided, in no event shall
(x) obligations under any derivative transaction, Interest Rate Agreement or Currency Agreement be deemed “Indebtedness” for any purpose under Section 6.7 unless such obligations are payment obligations that relate to a
derivatives transaction, Interest Rate Agreement or Currency Agreement which has been terminated and (y) operating leases (other than Attributable Indebtedness with respect to Sale Leaseback transactions), customary obligations under employment
agreements and deferred compensation constitute Indebtedness. 
 “Indemnified Liabilities” means, collectively,
any and all liabilities, obligations, losses, damages (including natural resource damages), penalties, claims (including Environmental Claims), actions, judgments, suits, costs (including the costs of any investigation, study, sampling, testing,
abatement, cleanup, removal, remediation or other response action necessary to remove, remediate, clean up or abate any Hazardous Materials Activity), expenses and disbursements of any kind or nature whatsoever (including the reasonable fees and
disbursements of counsel for Indemnitees in connection with any investigative, administrative or judicial proceeding or hearing commenced or threatened by any Person, and any fees or expenses incurred by Indemnitees in enforcing this indemnity),
whether direct, indirect, special or consequential and whether based on any federal, state or foreign laws, statutes, rules or regulations (including securities and commercial laws, statutes, rules or regulations and Environmental Laws), on common
law or equitable cause or on contract or otherwise, that may be imposed on, incurred by, or asserted against any such Indemnitee, in any manner relating to or arising out of (i) this Agreement

  
 19 

 
or the other Credit Documents or the transactions contemplated hereby or thereby (including the Lenders’ agreement to make Credit Extensions, the syndication of the credit facilities
provided for herein or the use or intended use of the proceeds thereof, any amendments, waivers or consents with respect to any provision of this Agreement or any of the other Credit Documents, or any enforcement of any of the Credit Documents
(including any sale of, collection from, or other realization upon any of the Collateral or the enforcement of the Guaranty)); (ii) the Engagement Letter (and any related fee letter) delivered by any Agent or any Lender to Borrower with respect
to the transactions contemplated by this Agreement; or (iii) any Environmental Claim or any Hazardous Materials Activity relating to or arising from, directly or indirectly, any past or present activity, operation, land ownership, or practice
of Holdings or any of its Subsidiaries. 
 “Indemnitee” as defined in Section 10.3. 

“Insolvency Defaulting Lender” means any Lender who (i) has been adjudicated as, or determined by any Governmental
Authority having regulatory authority over such Person or its assets to be, insolvent, (ii) becomes the subject of an insolvency, bankruptcy, dissolution, liquidation or reorganization proceeding, or (iii) becomes the subject of an
appointment of a receiver, intervenor or conservator under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect; provided that a Lender shall not be an Insolvency Defaulting Lender
solely by virtue of the ownership or acquisition by a Governmental Authority or an instrumentality thereof of any Equity Interest in such Lender or a parent company thereof. 
 “Installment” as defined in Section 2.12. 

“Intellectual Property” as defined in the Pledge and Security Agreement. 

“Intellectual Property Asset” means, at the time of determination, any interest (fee, license or otherwise) then owned
by any Credit Party in any Intellectual Property. 
 “Intellectual Property Security Agreements” as defined in
the Pledge and Security Agreement. 
 “Intercompany Note” means a promissory note substantially in the form of
Exhibit L evidencing Indebtedness owed among Credit Parties and their Subsidiaries. 
 “Intercreditor
Agreement” means an intercreditor agreement entered into by the Collateral Agent and the Replacement Revolving Credit Facility Agent in connection with the Replacement Revolving Credit Facility, substantially in the form attached hereto as
Exhibit M or otherwise in form and substance reasonably satisfactory to the Requisite Lenders, the applicable Credit Parties party to the Replacement Revolving Credit Facility and the Replacement Revolving Credit Facility Agent, as such
agreement may be amended, supplemented, modified, restated, renewed or replaced (whether upon or after termination or otherwise) in whole or in part from time to time in accordance with the terms set forth therein. 

“Interest Coverage Ratio” means the ratio as of the last day of any Fiscal Quarter of (i) Consolidated Adjusted
EBITDA for the four-Fiscal Quarter period then ended to (ii) Consolidated Interest Expense to the extent paid in cash (or accrued and payable on a current basis in cash) for such four-Fiscal Quarter period. 

“Interest Payment Date” means with respect to (i) any Loan that is a Base Rate Loan, each March 31,
June 30, September 30 and December 31 of each year, commencing on the first such date 

  
 20 

 
to occur after the Funding Date, and the final maturity date of such Loan; and (ii) any Loan that is a Eurodollar Rate Loan, the last day of each Interest Period applicable to such Loan;
provided, in the case of each Interest Period of longer than three months “Interest Payment Date” shall also include each date that is three months, or an integral multiple thereof, after the commencement of such Interest Period.

 “Interest Period” means, in connection with a Eurodollar Rate Loan, an interest period of one, two, three or
six months, in each case as selected by Borrower in the applicable Funding Notice or Conversion/Continuation Notice, (i) initially, commencing on the Funding Date or on the Conversion/Continuation Date thereof, as the case may be; and
(ii) thereafter, commencing on the day on which the immediately preceding Interest Period expires; provided, (a) if an Interest Period would otherwise expire on a day that is not a Business Day, such Interest Period shall expire on
the next succeeding Business Day unless no further Business Day occurs in such month, in which case such Interest Period shall expire on the immediately preceding Business Day; (b) any Interest Period that begins on the last Business Day of a
calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall, subject to clause (c) of this definition, end on the last Business Day of a calendar month;
and (c) no Interest Period with respect to the Term Loans shall be selected if such Interest Period would extend beyond the Term Loan Maturity Date as determined at the time such Interest Period is selected. 

“Interest Rate Agreement” means any interest rate swap agreement, interest rate cap agreement, interest rate collar
agreement, interest rate hedging agreement or other similar agreement or arrangement, each of which is for the purpose of hedging the interest rate exposure associated with Holdings’ and its Subsidiaries’ operations and not for speculative
purposes. 
 “Interest Rate Determination Date” means, with respect to any Interest Period, the date that is
two Business Days prior to the first day of such Interest Period. 
 “Interim Approval Order” as defined in
Section 5.15(a). 
 “Internal Revenue Code” means the Internal Revenue Code of 1986, as amended to
the date hereof and from time to time hereafter, and any successor statute. 
 “Internally Generated Cash”
means, with respect to any period, any Cash of Holdings or any Subsidiary generated during such period, excluding Net Asset Sale Proceeds, Net Insurance/Condemnation Proceeds and any Cash that constitutes proceeds of an incurrence of Indebtedness,
an issuance of Equity Interests or a capital contribution. 
 “Investment” means (i) any direct or
indirect purchase or other acquisition by Holdings or any of its Subsidiaries of, or of a beneficial interest in, any of the Securities of any other Person (other than a Guarantor Subsidiary); (ii) any direct or indirect redemption, retirement,
purchase or other acquisition for value, by any Subsidiary of Holdings from any Person (other than Holdings or any Guarantor Subsidiary), of any Equity Interests of such Person; (iii) any direct or indirect loan, advance (other than advances to
employees for moving, entertainment and travel expenses, drawing accounts and similar expenditures in the ordinary course of business) or capital contributions by Holdings or any of its Subsidiaries to any other Person (other than Holdings or any
Guarantor Subsidiary), including all indebtedness and accounts receivable from that other Person that are not current assets or did not arise from sales to that other Person in the ordinary course of business and (iv) all investments consisting
of any exchange traded or over the counter derivative transaction, including any Interest Rate Agreement and Currency Agreement, whether entered into for hedging or speculative purposes or otherwise. The amount of any Investment of the type
described in clauses (i), (ii) and (iii) shall be the original cost of such Investment plus the cost of all additions thereto, without any adjustments for increases or decreases in value, or write-ups, write-downs or
write-offs with respect to such Investment. 

  
 21 

 “Joint Venture” means a joint venture, partnership or other similar
arrangement, whether in corporate, partnership or other legal form; provided, in no event shall any corporate Subsidiary of any Person be considered to be a Joint Venture to which such Person is a party. 

“Leasehold Property” means any leasehold interest of any Credit Party as lessee under any lease of real property, other
than any such leasehold interest designated from time to time by Collateral Agent in its sole discretion as not being required to be included in the Collateral. 
 “Lender” means each financial institution listed on the signature pages hereto as a Lender, and any other Person that becomes a party hereto pursuant to an Assignment Agreement.

 “Lender Counterparty” means, after the Funding Date, each Lender, each Agent and each of their respective
Affiliates counterparty to a Hedge Agreement (including any Person who is an Agent or a Lender (and any Affiliate thereof) as of the Funding Date but subsequently, whether before or after entering into a Hedge Agreement, ceases to be an Agent or a
Lender, as the case may be); it being understood and agreed, however, that any such Person shall, prior to the consummation of each transaction under any such Hedge Agreement, notify the Collateral Agent in writing of its status as a Lender
Counterparty. 
 “Leverage Ratio” means the ratio as of the last day of any Fiscal Quarter of
(i) Consolidated Total Debt as of such day to (ii) Consolidated Adjusted EBITDA for the four-Fiscal Quarter period ending on such date. 
 “Licensed Intellectual Property” means any interest of any Credit Party as licensee or sublicensee under any license of intellectual property, other than any such interest that has been
designated from time to time by Collateral Agent as not being required to be included in the Collateral or that would otherwise be excluded from the Collateral under the terms of the Pledge and Security Agreement. 

“Lien” means (i) any lien, mortgage, pledge, assignment, security interest, charge or encumbrance of any kind
(including any agreement to give any of the foregoing, any conditional sale or other title retention agreement, and any lease or license in the nature thereof) and any option, trust or other preferential arrangement having the practical effect of
any of the foregoing and (ii) in the case of Securities, any purchase option, call or similar right of a third party with respect to such Securities. 
 “Loan” means a Term Loan. 
 “Management
Agreement” means the corporate advisory services agreement by and among the Borrower and Platinum Equity Advisors, LLC, a Delaware limited liability company (or any of its Affiliates), as it may be amended or modified from time to time;
provided that such agreement shall be in form and substance reasonably acceptable to Administrative Agent. 
 “Margin
Stock” as defined in Regulation U of the Board of Governors as in effect from time to time. 
 “Material
Adverse Effect” means a material adverse effect on and/or material adverse developments with respect to (i) the business, operations, properties, assets or financial condition of Holdings and its Subsidiaries taken as a whole (other
than the Restructuring, those events, effects or 

  
 22 

 
developments typically resulting from the Restructuring, the announcement of the filing of the Chapter 11 Cases, if the Chapter 11 Cases have commenced, those events, effects or developments
typically resulting from the emergence from the Chapter 11 Cases or the effectiveness of the Exchange Offer, or any other events disclosed in Holdings’ filings with the SEC prior to or on the Closing Date); (ii) the ability of the Credit
Parties, taken as a whole, to fully and timely perform their Obligations (subject, if the Chapter 11 Cases have commenced, to the Interim Approval Order or the Final Approval Order, whichever is then in effect); (iii) the legality, validity,
binding effect or enforceability against a Credit Party of a Credit Document to which it is a party (subject, if the Chapter 11 Cases have commenced, to the Interim Approval Order or the Final Approval Order, whichever is then in effect); or
(iv) the rights, remedies and benefits available to, or conferred upon, any Agent and any Lender or any Secured Party under any Credit Document (subject, if the Chapter 11 Cases have commenced, to the Interim Approval Order or the Final
Approval Order, whichever is then in effect). 
 “Material Contract” means any contract or other arrangement to
which Holdings or any of its Subsidiaries is a party (other than the Credit Documents) for which breach, nonperformance, cancellation or failure to renew could reasonably be expected to have a Material Adverse Effect. 

“Material Real Estate Asset” means (a) any fee-owned Real Estate Asset having a fair market value in excess of
$500,000 as of the date of the acquisition thereof and (b) all Leasehold Properties other than those with respect to which the aggregate base rental payments (exclusive of inflation adjustments and ignoring possible renewals, all as determined
in good faith by the Borrower) under the term of the lease are less than $1,250,000 per annum. 
 “Minimum
Liquidity” as defined in Section 3.2(s). 
 “Moody’s” means Moody’s Investor
Services, Inc. 
 “Mortgage” means a Mortgage substantially in the form of Exhibit J, as it may be
amended, restated, supplemented or otherwise modified from time to time. 
 “Multiemployer Plan” means a
“multiemployer plan” as defined in Section 4001(a)(3) of ERISA to which Holdings, any of its Subsidiaries or any of their ERISA Affiliates contributes or is obligated to contribute. 

“NAIC” means The National Association of Insurance Commissioners, and any successor thereto. 

“Narrative Report” means, with respect to the financial statements for which such narrative report is required, a
narrative report describing the operations of Borrower and its Subsidiaries in the form prepared for presentation to senior management thereof for the applicable month, Fiscal Quarter or Fiscal Year and for the period from the beginning of the then
current Fiscal Year to the end of such period to which such financial statements relate. 
 “Net Asset Sale
Proceeds” means, with respect to any Asset Sale (other than conveyances, assignments, sales, transfers, exchanges, disposals, leases or licenses of assets permitted pursuant to any of Sections 6.8(a), (d), (h), and, to
the extent included in calculating Consolidated Net Income, sub-clause (ii) of Section 6.8(i), an amount equal to: (i) Cash payments (including any Cash received by way of deferred payment pursuant to, or by monetization
of, a note receivable received as consideration for the relevant Asset Sale, but only as and when so received) received by Holdings or any of its Subsidiaries from such Asset Sale, minus (ii) any bona fide direct costs incurred in
connection with such Asset Sale, including (a) income or gains taxes payable by the seller as a result of any gain 

  
 23 

 
recognized in connection with such Asset Sale, (b) payment of the outstanding principal amount of, premium or penalty, if any, and interest on any Indebtedness (other than the Loans) that is
secured by a Lien on the stock or assets in question and that is required to be repaid under the terms thereof as a result of such Asset Sale and (c) a reasonable reserve for any indemnification payments (fixed or contingent) attributable to
seller’s indemnities and representations and warranties to purchaser in respect of such Asset Sale undertaken by Holdings or any of its Subsidiaries in connection with such Asset Sale; provided that upon release of any such reserve, the
amount released shall be considered Net Asset Sale Proceeds received on such date. 
 “Net Insurance/Condemnation
Proceeds” means an amount equal to: (i) any Cash payments or proceeds received by Holdings or any of its Subsidiaries (a) under any casualty, business interruption or “key man” insurance policies in respect of any
covered loss thereunder or (b) as a result of the taking of any assets of Holdings or any of its Subsidiaries by any Person pursuant to the power of eminent domain, condemnation or otherwise, or pursuant to a sale of any such assets to a
purchaser with such power under threat of such a taking, minus (ii) (a) any actual and reasonable costs incurred by Holdings or any of its Subsidiaries in connection with the adjustment or settlement of any claims of Holdings or such
Subsidiary in respect thereof, and (b) any bona fide direct costs incurred in connection with any sale of such assets as referred to in clause (i)(b) of this definition, including income taxes payable as a result of any gain recognized
in connection therewith. 
 “Net Mark-to-Market Exposure” of a Person means, as of any date of determination,
the excess (if any) of all unrealized losses over all unrealized profits of such Person arising from Hedge Agreements or other Indebtedness of the type described in clause (xi) of the definition thereof. As used in this definition,
“unrealized losses” means the fair market value of the cost to such Person of replacing such Hedge Agreement or such other Indebtedness as of the date of determination (assuming the Hedge Agreement or such other Indebtedness were to be
terminated as of that date), and “unrealized profits” means the fair market value of the gain to such Person of replacing such Hedge Agreement or such other Indebtedness as of the date of determination (assuming such Hedge Agreement or
such other Indebtedness were to be terminated as of that date). 
 “Non-Core Dispositions” means any
conveyances, assignments, sales, transfers, exchanges, disposals, leases or licenses of non-core assets (including real estate) acquired in a Permitted Acquisition and constituting not more than 10% of the fair market value of the assets acquired
pursuant to such Permitted Acquisition. 
 “Non-Public Information” means information which has not been
disseminated in a manner making it available to investors generally, within the meaning of Regulation FD. 
 “Non-US
Lender” as defined in Section 2.20(c). 
 “Note” means a Term Loan Note. 

“Notice” means a Funding Notice, an Issuance Notice, or a Conversion/ Continuation Notice. 

“Obligations” means all obligations of every nature of each Credit Party, including obligations from time to time owed
to Agents (including former Agents), Arranger, Lenders or any of them and Lender Counterparties, under any Credit Document or Hedge Agreement, whether for principal, interest (including interest which, but for the filing of a petition in bankruptcy
with respect to such Credit Party, would have accrued on any Obligation, whether or not a claim is allowed against such Credit Party for such interest in the related bankruptcy proceeding), payments for early termination of Hedge Agreements, fees
(including the fees and call premium payable pursuant to Section 2.11), expenses, indemnification or otherwise. 

  
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 “Obligee Guarantor” as defined in Section 7.7. 

“Organizational Documents” means (i) with respect to any corporation or company, its certificate, memorandum or
articles of incorporation, organization or association, as amended, and its by-laws, as amended, (ii) with respect to any limited partnership, its certificate or declaration of limited partnership, as amended, and its partnership agreement, as
amended, (iii) with respect to any general partnership, its partnership agreement, as amended, and (iv) with respect to any limited liability company, its articles of organization, as amended, and its operating agreement, as amended. In
the event any term or condition of this Agreement or any other Credit Document requires any Organizational Document to be certified by a secretary of state or similar governmental official, the reference to any such “Organizational
Document” shall only be to a document of a type customarily certified by such governmental official. 
 “Other
Taxes” means any and all present or future stamp or documentary Taxes or any other excise or property Taxes, charges or similar levies (and interest, fines, penalties and additions related thereto) arising from any payment made hereunder or
from the execution, delivery or enforcement of, or otherwise with respect to, this Agreement or any other Credit Document. 

“Parent Holding Company Formation Transaction” means a transaction, including a merger and share exchange, through which
Holdings becomes a directly wholly owned subsidiary of Parent Holding Company without the payment of any cash consideration to the holders of capital stock of Holdings. 
 “Participant Register” as defined in Section 10.6(g). 

“PATRIOT Act” as defined in Section 3.1(k). 

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

“Pension Plan” means any “employee pension benefit plan” (as defined in Section 3(2) of ERISA), other
than a Multiemployer Plan, which is subject to Section 412 of the Internal Revenue Code or Section 302 of ERISA and which is maintained, sponsored or contributed to by Holdings or any of its Subsidiaries or any of their ERISA Affiliates.

 “Permitted Acquisition” means any acquisition by Borrower or any of its wholly-owned Subsidiaries, whether
by purchase, merger or otherwise, of all or substantially all of the assets of, all of the Equity Interests of, or a business line or unit or a division of, any Person; provided, 

(i) immediately prior to, and after giving effect thereto, no Default or Event of Default shall have occurred and be
continuing or would result therefrom; 
 (ii) all transactions in connection therewith shall be consummated, in
all material respects, in accordance with all applicable laws and in conformity with all applicable Governmental Authorizations; 
 (iii) in the case of the acquisition of Equity Interests, all of the Equity Interests (except for any such Securities in the nature of directors’ qualifying shares required pursuant to applicable
law) acquired or otherwise issued by such Person or any newly formed 

  
 25 

 
Subsidiary of Borrower in connection with such acquisition shall be owned 100% by Borrower or a Guarantor Subsidiary thereof, and Borrower shall have taken, or caused to be taken, as of the date
such Person becomes a Subsidiary of Borrower, each of the actions set forth in Sections 5.10 and/or 5.11, as applicable; 
 (iv) Borrower and its Subsidiaries shall be in compliance with the financial covenants set forth in Section 6.7 on a pro forma basis after giving effect to such acquisition as of the last day
of the Fiscal Quarter most recently ended (as determined in accordance with Section 6.7(d)); 
 (v)
solely in the case of any such acquisition in respect of which the Acquisition Consideration exceeds $1,000,000 (or, with respect to any acquisition after more than five (5) Permitted Acquisitions have been consummated), Borrower shall have
delivered to Administrative Agent: (A) at least 15 Business Days prior to such proposed acquisition, (i) a Compliance Certificate evidencing compliance with Section 6.7 as required under clause (iv) above and
(ii) all other financial information with respect to such acquired assets relevant to calculate the aggregate consideration for such acquired assets and any other information required to demonstrate compliance with Section 6.7 and
(B) promptly upon request by Administrative Agent, (i) a copy of the purchase agreement related to the proposed Permitted Acquisition (and any related documents reasonably requested by Administrative Agent), in each case in substantially
final form, and (ii) to the extent provided to Borrower or such Subsidiary, financial statements of the Person whose Equity Interests or assets are being acquired for the twelve (12) month period most recently ended at least 45 days prior
to such proposed Permitted Acquisition, including any audited financial statements that have been delivered to the Borrower or such Subsidiary; 
 (vi) with respect to the acquisition of a Person that is a public company or the assets or division of a Person that is a public company, the acquisition shall have been approved by the board of directors
or other governing body or controlling Person of such Person acquired or the Person from whom such assets or division is acquired; 
 (vii) any Person or assets or division as acquired in accordance herewith shall be in a business or lines of business permitted pursuant to Section 6.12; and 

(viii) the aggregate consideration paid in connection with all such acquisitions shall not exceed $100,000,000.

 “Permitted Additional Equity” means the Cash proceeds received by Holdings from capital contributions to, or
issuances of Equity Interests (other than Disqualified Equity Interests) by, Holdings following the Funding Date, net of income taxes payable as a result of any gain recognized in connection therewith, underwriting discounts and commissions and
other reasonable costs and expenses associated therewith, including reasonable legal fees and expenses. 
 “Permitted
Acquisition Consideration” means, in respect of any Permitted Acquisition at any time, the aggregate amount of (i) Permitted Additional Equity that is contributed into Holdings (and that Holdings substantially contemporaneously
contributes to Borrower) and is issued in contemplation of funding such Permitted Acquisition and has not previously been utilized to fund a Permitted Acquisition or an Investment permitted pursuant to Section 6.6, (ii) Equity
Interests (other than Disqualified Equity Interests) that are issued to the seller of the assets or Equity Interests subject to such Permitted Acquisition, (iii) net cash proceeds from Retail Facilities Dispositions and Non-Core Dispositions
and proceeds from Asset Sales and condemnation or eminent domain proceedings that have 

  
 26 

 
not been applied to prepay the Loans pursuant to Section 2.14(a) and have not previously been utilized to fund a Permitted Acquisition or an Investment permitted pursuant to
Section 6.6, (iv) proceeds of Indebtedness incurred pursuant to Section 6.1(j), Section 6.1(k), Section 6.1(l), Section 6.1(m) or Section 6.1(o) and has not previously been
utilized to fund a Permitted Acquisition or an Investment permitted pursuant to Section 6.6, and (v) Consolidated Excess Cash Flow (determined without giving effect to clause (ii)(e) of the definition thereof) that has not
been (A) applied pursuant to Section 2.14(e) to prepay the Loans (provided that, (x) with respect to Consolidated Excess Cash Flow for the immediately preceding Fiscal Year, the amount of Consolidated Excess Cash Flow
for such immediately preceding Fiscal Year shall only be included in such calculation after any prepayment required pursuant to Section 2.14(e) with respect to such Consolidated Excess Cash Flow for such immediately preceding Fiscal Year
has been made and (y) the aggregate amount of Consolidated Excess Cash Flow for purposes of this clause (v) shall be reduced by an amount equal to the aggregate principal amount of voluntary prepayments of the Loans to the extent
that, in determining the principal amount of the Loans required to be prepaid pursuant to Section 2.14(e), such prepayments were applied to reduce such amount in accordance with Section 2.14(e)) or (B) used to fund a
Term Loan repurchase pursuant to Section 2.13(b); provided that, in the case of a Permitted Acquisition funded by amounts described in clause (iii) or clause (iv), after giving effect to the funding and payment
of the Acquisition Consideration (and, for purposes of clause (A) below, the cash portion paid of such Acquisition Consideration) for such Permitted Acquisition on the date of consummation thereof, on a pro-forma basis, (A) Minimum
Liquidity equals or exceeds $25,000,000 and (B) Holdings’ Leverage Ratio as of the end of the most recently ended four Fiscal Quarter period for which financial statements are required to have been delivered pursuant to
Section 5.1 does not exceed 3.75:1.00. 
 “Permitted Holders” means the Backstop Parties and their
respective Controlled Investment Affiliates. 
 “Permitted Liens” means each of the Liens permitted pursuant to
Section 6.2. 
 “Permitted Waiver” as defined in Section 3.2(a)(ii)(A). 

“Person” means and includes natural persons, corporations, limited partnerships, general partnerships, limited liability
companies, limited liability partnerships, joint stock companies, Joint Ventures, associations, companies, trusts, banks, trust companies, land trusts, business trusts or other organizations, whether or not legal entities, and Governmental
Authorities. 
 “Petition Date” as defined in the recitals hereto. 

“Plan Effective Date” means the date on which the Plan of Reorganization becomes effective and has been substantially
consummated. 
 “Plan of Reorganization” means a plan of reorganization, which plan of reorganization, together
with all exhibits, schedules, annexes, supplements and other attachments thereto, shall be consistent with terms and conditions of this Agreement and the Restructuring Support Agreement and shall be as received pursuant to Section 3.1(d) and
not modified to contain any other terms or conditions that are inconsistent with such terms and conditions of this Agreement and the Restructuring Support Agreement and materially adverse to the rights and interests of the Administrative Agent, the
Arranger and the Lenders, as determined in good faith by the Arranger (as such plan of reorganization shall be amended, modified or supplemented from time to time or any of the terms or conditions thereof waived (with the prior written consent of
the Administrative Agent and the Requisite Lenders, solely with respect to any amendment, modification, supplement or waiver that is materially adverse to the rights and interests of the Administrative Agent, the Arranger and the Lenders, as
determined in good faith by the Administrative Agent)). 

  
 27 

 “Platform” as defined in Section 5.1(p). 

“Pledge and Security Agreement” means the Pledge and Security Agreement to be executed by Borrower and each Guarantor
substantially in the form of Exhibit I, as it may be amended, restated, supplemented or otherwise modified from time to time. 
 “Post Petition” means the time period beginning immediately upon the commencement of the Chapter 11 Cases. 
 “Prime Rate” means the rate of interest quoted in the print edition of The Wall Street Journal, Money Rates Section as the Prime Rate (currently defined as the base rate on
corporate loans posted by at least 75% of the nation’s thirty (30) largest banks), as in effect from time to time. The Prime Rate is a reference rate and does not necessarily represent the lowest or best rate actually charged to any
customer. Agent or any other Lender may make commercial loans or other loans at rates of interest at, above or below the Prime Rate. 
 “Principal Office” means, for Administrative Agent, Administrative Agent’s “Principal Office” as set forth on Appendix B, or such other office or office of a third
party or sub-agent, as appropriate, as such Person may from time to time designate in writing to Borrower, Administrative Agent and each Lender. 
 “Projections” as defined in Section 4.8. 

“Pro Rata Share” means, with respect to any Lender, the percentage obtained by dividing (a) the Term Loan Exposure
of that Lender by (b) the aggregate Term Loan Exposure of all Lenders. 
 “Public Lenders” means Lenders
that do not wish to receive material non-public information with respect to Holdings, its Subsidiaries or their securities. 

“Qualified IPO” means an underwritten primary public offering (other than a public offering pursuant to a registration
statement on Form S-8 (or any successor form)) of the common equity of Holdings or any Parent Holding Company (or a corporate successor of any of the foregoing) (i) pursuant to an effective registration statement filed with the United States
Securities and Exchange Commission in accordance with the Securities Act (whether alone or in conjunction with a secondary public offering) and (ii) resulting in gross proceeds received by Holdings of at least $25,000,000. 

“Real Estate Asset” means, at any time of determination, any interest (fee, leasehold or otherwise) then owned by any
Credit Party in any real property. 
 “Register” as defined in Section 2.7(b). 

“Regulation D” means Regulation D of the Board of Governors, as in effect from time to time. 

“Regulation FD” means Regulation FD as promulgated by the U.S. Securities and Exchange Commission under the Securities
Act and Exchange Act as in effect from time to time. 

  
 28 

 “Related Agreements” means, collectively, the Replacement Revolving Credit
Facility Documents, the definitive principal agreements and instruments executed and delivered or issued pursuant to or in connection with the Rights Offering and the Exchange Offer Documentation (including all definitive principal agreements and
instruments necessary to effect the Restructuring). 
 “Related Fund” means, with respect to any Lender that is
an investment fund, any other investment fund that invests in commercial loans and that is managed or advised by the same investment advisor as such Lender or by an Affiliate of such investment advisor. 

“Release” means any release, spill, emission, leaking, pumping, pouring, injection, escaping, deposit, disposal,
discharge, dispersal, dumping, leaching or migration of any Hazardous Material into the indoor or outdoor environment (including the abandonment or disposal of any barrels, containers or other closed receptacles containing any Hazardous Material),
including the migration of any Hazardous Material through the air, soil, surface water or groundwater. 
 “Replacement
Lender” as defined in Section 2.23. 
 “Replacement Revolving Credit Facility Agent” means
any collateral agent or similar representative of the secured parties under any Replacement Revolving Credit Facility. 

“Replacement Revolving Credit Agreement” means the definitive credit agreement entered into in connection with the
Replacement Revolving Credit Facility. 
 “Replacement Revolving Credit Facility” means an asset-based
revolving credit facility (including letters of credit and reimbursement obligations with respect thereto and any Interest Rate Agreements or Currency Agreements secured thereunder) incurred by Borrower or any Guarantor secured by Replacement
Revolving Credit Facility Liens that are permitted to be incurred hereunder; provided, that on or before the date on which such Indebtedness is incurred: 
 (a) such Indebtedness is designated by Borrower, in a certificate of an Authorized Officer delivered to the Collateral Agent, as a “Replacement Revolving Credit Facility”; and 

(b) the collateral agent or other representative with respect to such Indebtedness, Borrower and each applicable
Guarantor, has duly executed and delivered the Intercreditor Agreement. 
 “Replacement Revolving Credit Facility
Documents” means the definitive loan documentation governing the Replacement Revolving Credit Facility. 

“Replacement Revolving Credit Facility Liens” means Liens granted to the Replacement Revolving Credit Facility Agent
under the Replacement Revolving Credit Facility Documents, at any time, upon (i) Replacement Revolving Priority Collateral of Borrower or any Guarantor and (ii) Collateral other than Replacement Revolving Priority Collateral, which Liens
in the case of this clause (ii) are junior in priority to the Liens on such Collateral purported to be granted pursuant to the Collateral Documents to the Collateral Agent. 

“Replacement Revolving Priority Collateral” means, subject to any conflicting provisions in the Intercreditor Agreement
(which shall govern pursuant to the terms thereof), all now owned or hereafter acquired (i) “accounts,” “chattel paper” and “payment intangibles,” other than “accounts”, “chattel paper” and
“payment intangibles” (in each case, as defined in Article 9 of UCC) which constitute identifiable proceeds of Term Priority Collateral; (ii)(A) “deposit accounts” and 

  
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“money” (in each case, as defined in Article 9 of the UCC) and all cash, checks, other “negotiable instruments” (as defined in Article 9 of the UCC), funds and other evidences
of payments held therein and (B) “securities accounts”, “security entitlements” and “securities” (in each case, as defined in Article 8 of the UCC), and, in each case, all cash, checks and other property held
therein or credited thereto, provided, however, that the foregoing shall exclude identifiable proceeds of Term Priority Collateral; (iii) general intangibles (other than intellectual property), “documents”,
“instruments” (including promissory notes) and “commercial tort claims” (in each case, as defined in Article 9 of the UCC) relating to, evidencing or governing any of the items referred to in the foregoing clauses
(i) and (ii) and clause (iv), including, without limitation, all contingent rights with respect to warranties on accounts which are not yet “payment intangibles” (as defined in Article 9 of the UCC) and
(v) but excluding intercompany indebtedness; (iv) all books and “records” (as defined in Article 9 of the UCC) relating to the items referred to in the preceding clauses (i) through (iii) and
clause (v) below constituting Replacement Revolving Priority Collateral (including all books, databases, customer lists, engineer drawings, and “records” (as defined in Article 9 of the UCC), whether tangible or electronic,
which contain any information relating to any of the items referred to in the preceding clauses (i) through (v) and related “letters of credit” (as defined in Article 5 of the UCC), commercial tort claims or other
claims and causes of action, in each case, to the extent related primarily to any of the foregoing and clause (v) below; (v) all “inventory” (as defined in Article 9 of the UCC); and (vi) “supporting
obligations” (as defined in Article 9 of the UCC) relating to the items referred to in the preceding clauses (i) through (v) and all cash, money, insurance proceeds, instruments, securities, financial assets and deposit
accounts received as proceeds of any of the foregoing and substitutions, replacements, accessions, products and proceeds (including, without limitation, insurance proceeds, licenses, royalties, income, payments, claims, damages and proceeds of suit)
of any or all of the foregoing. 
 “Requisite Lenders” means one or more Lenders having or holding Term Loan
Exposure and representing more than 50% of the aggregate Term Loan Exposure of all Lenders. For purposes of this definition, the amount of Term Loan Exposure (“Voting Power Determinants”) shall be determined by excluding all Voting
Power Determinants held or beneficially owned by an Affiliate of Holdings. 
 “Restricted Junior Payment” means
(i) any dividend or other distribution, direct or indirect, on account of any shares of any class of stock of Holdings, Borrower or any of their respective Subsidiaries (or any direct or indirect parent of Borrower or Holdings) now or hereafter
outstanding, except a dividend payable solely in shares of stock (other than Disqualified Equity Interests) to the holders of that class; (ii) any redemption, retirement, sinking fund or similar payment, purchase or other acquisition for value,
direct or indirect, of any shares of any class of stock of Holdings or Borrower or any of their respective Subsidiaries (or any direct or indirect parent of Borrower or Holdings) now or hereafter outstanding; (iii) any payment made to retire,
or to obtain the surrender of, any outstanding warrants, options or other rights to acquire shares of any class of stock of Holdings, Borrower or any of their respective Subsidiaries (or any direct or indirect parent of Borrower or Holdings) now or
hereafter outstanding; (iv) expense reimbursements and management or similar fees payable to Permitted Holders or any of their respective Affiliates; (v) any payment or prepayment of principal of or premium, if any, or redemption,
purchase, retirement, defeasance (including in-substance or legal defeasance), sinking fund or similar payment with respect to, the Existing Term Indebtedness or the Existing Revolving Credit Facility and (vi) any payment or prepayment of
principal of, premium, if any, or interest or, or redemption, purchase, retirement, defeasance (including in-substance or legal defeasance), sinking fund or similar payment with respect to, the Senior Subordinated Notes. 

“Restructuring” means the transactions contemplated by the Exchange Offer Documentation or the Plan of Reorganization,
as applicable. 

  
 30 

 “Restructuring Documentation” means the Plan of Reorganization, the Related
Agreements and/or the Exchange Offer Documentation, as applicable. 
 “Restructuring Support Agreement” means
that certain Restructuring Support Agreement, dated as of January 10, 2011, by and among the Borrower and certain of the Guarantors, Sphere Capital, LLC – Series A and Cetus Capital, LLC, as amended by the First Amendment to Restructuring
Support Agreement, dated as of January 31, 2011, the Second Amendment to Restructuring Support Agreement, dated as of February 8, 2011, and the Third Amendment and Joinder to the Restructuring Support Agreement, dated as of
February 15, 2011. 
 “Restructuring Transaction Costs” means transactions costs, fees and expenses
incurred in connection with (a) the financing contemplated by this Agreement, (b) the financing contemplated by the Replacement Revolving Credit Facility, (c) the transactions contemplated by the Rights Offering and the Exchange Offer
Documentation, (d) the transactions contemplated by the Backstop Agreement and all professional fees of the debtors and committees incurred prior to or during the Chapter 11 Cases (including fees, costs, commissions, expenses and one-time
compensation charges of third party financial advisory, accounting, legal and other similar advisors and consultants incurred in connection with the transactions contemplated by the foregoing clauses (a) through(d)). 

“Retail Facilities Disposition” means the sale, transfer, license, lease or other disposition (including any sale and
leaseback transaction) of the retail operations of the Borrower and its Subsidiaries. 
 “Rights Offering”
means a rights offering to purchase $60,000,000 of common Equity Interests of Holdings (or Parent Holding Company, if applicable) in accordance with the Restructuring, the terms and conditions of which Rights Offering shall otherwise be reasonably
acceptable to the Administrative Agent. 
 “S&P” means Standard & Poor’s, a Division of The
McGraw-Hill Companies, Inc. 
 “Secured Parties” has the meaning assigned to that term in the Pledge and
Security Agreement. 
 “Securities” means any stock, shares, partnership interests, voting trust certificates,
certificates of interest or participation in any profit-sharing agreement or arrangement, options, warrants, bonds, debentures, notes, or other evidences of indebtedness, secured or unsecured, convertible, subordinated or otherwise, or in general
any instruments commonly known as “securities” or any certificates of interest, shares or participations in temporary or interim certificates for the purchase or acquisition of, or any right to subscribe to, purchase or acquire, any of the
foregoing. 
 “Securities Act” means the Securities Act of 1933, as amended from time to time, and any
successor statute. 
 “Senior Subordinated Notes” means the senior subordinated notes of the Borrower due 2013
issued from time to time pursuant to the Indenture, dated as of October 30, 2003, between the Borrower and The Bank of New York, as trustee,, as the same may be amended, restated, supplemented, replaced or otherwise modified from time to time
in accordance with Section 6.15. 
 “Solvency Certificate” means a Solvency Certificate of the
chief financial officer of Holdings substantially in the form of Exhibit G-2. 

  
 31 

 “Solvent” means, with respect to any Credit Party, that as of the date of
determination, both (i) (a) the sum of such Credit Party’s debt (including contingent liabilities) does not exceed the present fair saleable value of such Credit Party’s present assets; (b) such Credit Party’s capital
is not unreasonably small in relation to its business; and (c) such Person has not incurred and does not intend to incur, or believe that it will incur, debts beyond its ability to pay such debts as they become due (whether at maturity or
otherwise); and (ii) such Person is “solvent” within the meaning given that term and similar terms under the Bankruptcy Code and applicable laws relating to fraudulent transfers and conveyances. For purposes of this definition, the
amount of any contingent liability at any time shall be computed as the amount that, in light of all of the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability
(irrespective of whether such contingent liabilities meet the criteria for accrual under Statement of Financial Accounting Standard No. 5). 
 “Specified Equity Contribution” as defined in Section 8.2. 
 “Subject Transaction” as defined in Section 6.7(d). 

“Subsidiary” means, with respect to any Person, any corporation, partnership, limited liability company, association,
joint venture or other business entity of which more than 50% of the total voting power of shares of stock or other ownership interests entitled (without regard to the occurrence of any contingency) to vote in the election of the Person or Persons
(whether directors, managers, trustees or other Persons performing similar functions) having the power to direct or cause the direction of the management and policies thereof is at the time owned or controlled, directly or indirectly, by that Person
or one or more of the other Subsidiaries of that Person or a combination thereof; provided, in determining the percentage of ownership interests of any Person controlled by another Person, no ownership interest in the nature of a
“qualifying share” of the former Person shall be deemed to be outstanding. 
 “Syndication Agent” as
defined in the preamble hereto. 
 “Synthetic Lease Obligation” means the monetary obligation of a Person under
(a) a so-called synthetic, off-balance sheet or tax retention lease, or (b) an agreement for the use or possession of property creating obligations that do not appear on the balance sheet of such Person but which, upon the insolvency or
bankruptcy of such Person, would be characterized as the indebtedness of such Person (without regard to accounting treatment). 

“Tax” means any present or future tax, levy, impost, duty, assessment, charge, fee, deduction or withholding (together
with interest, penalties and other additions thereto) of any nature and whatever called, imposed, levied, collected, withheld or assessed by any Governmental Authority; provided, “Tax on the overall net income” of a Person shall be
construed as a reference to a tax (including branch profit tax) imposed by the jurisdiction in which that Person is organized or in which that Person’s applicable principal office (and/or, in the case of a Lender, its lending office) is located
on all or part of the overall net income, profits or gains (whether worldwide, or only insofar as such income, profits or gains are considered to arise in or to relate to a particular jurisdiction, or otherwise) of that Person (and/or, in the case
of a Lender, its applicable lending office). 
 “Term Facility” means the credit facility provided under this
Agreement and the other Credit Documents. 
 “Term Loan” means a Term Loan made by a Lender to Borrower
pursuant to Section 2.1(a). 

  
 32 

 “Term Loan Commitment” means the commitment of a Lender to make or
otherwise fund a Term Loan, and “Term Loan Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s Term Loan Commitment is set forth on Appendix A or in the applicable Assignment
Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Term Loan Commitments as of the Closing Date is $120,000,000. 

“Term Loan Exposure” means, with respect to any Lender, as of any date of determination, the outstanding principal
amount of the Term Loans of such Lender; provided, at any time prior to the making of the Term Loans, the Term Loan Exposure of any Lender shall be equal to such Lender’s Term Loan Commitment. 

“Term Loan Maturity Date” means the earliest of (i) the fifth anniversary of the Funding Date and (ii) the
date on which all Term Loans shall become due and payable in full hereunder, whether by acceleration or otherwise. 

“Term Loan Note” means a promissory note in the form of Exhibit B, as it may be amended, restated, amended
and restated, supplemented or otherwise modified from time to time. 
 “Terminated Lender” as defined in
Section 2.23. 
 “Term Priority Collateral” means Collateral other than the Replacement Revolving
Priority Collateral. 
 “Title Policy” as defined in Section 3.2(f)(iii). 

“Transaction Costs” means the fees, costs and expenses payable by Holdings, Borrower or any of Borrower’s
Subsidiaries on or before the Closing Date in connection with the transactions contemplated by the Credit Documents and the Related Agreements. 
 “Type of Loan” means either a Base Rate Loan or a Eurodollar Rate Loan. 
 “UCC” means the Uniform Commercial Code (or any similar or equivalent legislation) as in effect from time to time in any applicable jurisdiction. 

“Unadjusted Eurodollar Rate Component” means that component of the interest costs to Borrower in respect of a Eurodollar
Rate Loan that is based upon the rate obtained pursuant to clause (i) of the definition of Adjusted Eurodollar Rate. 
 “Unasserted Obligations” means, at any time, any Obligation (or portion thereof) that are contingent in nature or unliquidated at such time to the extent they consist of contingent
obligations related to expenses or indemnification for which no written demand has been made. 
 “Unsecured Creditors
Committee” means the official committee of unsecured creditors that is appointed in the Chapter 11 Cases. 

“U.S. Lender” as defined in Section 2.20(c). 

1.2. Accounting Terms. Except as otherwise expressly provided herein, all accounting terms not otherwise defined herein shall have
the meanings assigned to them in conformity with GAAP. Financial statements and 

  
 33 

 
other information required to be delivered by Borrower to Lenders pursuant to Section 5.1(a), 5.1(b) and 5.1(c) shall be prepared in accordance with GAAP as in effect at
the time of such preparation (and delivered together with the reconciliation statements provided for in Section 5.1(e), if applicable). Notwithstanding the foregoing, calculations in connection with the definitions, covenants and other
provisions hereof shall utilize accounting principles and policies in conformity with GAAP as in effect on the date hereof, and all accounting terms shall have the meanings assigned to them in conformity with GAAP as in effect on the date hereof;
provided, however, if, at any time after the date hereof, there occurs a change in GAAP that would affect the computation of any financial ratio or requirement set forth in any Credit Document if such calculation were made in
conformity with GAAP after giving effect to such change (“New GAAP”), from and after the New GAAP Date (as defined below), such calculations shall utilize accounting principles and policies in conformity with New GAAP;
provided that if, either Borrower or the Requisite Lenders shall so request, (i) Borrower and Requisite Lenders shall negotiate in good faith to amend each applicable ratio or requirement to preserve the original intent thereof in light
of such change in GAAP, and, (ii)(A) until the date on which such amendment becomes effective (the “New GAAP Date”), each applicable ratio or requirement shall continue to be computed in conformity with those accounting principles
and policies used to prepare GAAP as in effect on the date hereof, and (B) Borrower shall provide to Administrative Agent and Lenders reconciliation statements provided for in Section 5.1(e). 

1.3. Interpretation, Etc. Any of the terms defined herein may, unless the context otherwise requires, be used in the singular or
the plural, depending on the reference. References herein to any Section, Appendix, Schedule or Exhibit shall be to a Section, an Appendix, a Schedule or an Exhibit, as the case may be, hereof unless otherwise specifically provided. The use herein
of the word “include” or “including”, when following any general statement, term or matter, shall not be construed to limit such statement, term or matter to the specific items or matters set forth immediately following such word
or to similar items or matters, whether or not non-limiting language (such as “without limitation” or “but not limited to” or words of similar import) is used with reference thereto, but rather shall be deemed to refer to all
other items or matters that fall within the broadest possible scope of such general statement, term or matter. The terms lease and license shall include sub-lease and sub-license, as applicable. 

SECTION 2. TERM LOANS 
 2.1. Term Loans. 
 (a) Term Loan Commitments. Subject to the
terms and conditions hereof, each Lender severally agrees to make, on the Funding Date and subject to the satisfaction (or waiver in accordance with Section 10.5) of the conditions set forth in Section 3.2, a Term Loan to
Borrower in an amount equal to such Lender’s Term Loan Commitment. Borrower may make only one borrowing under the Term Loan Commitments, which shall be on the Funding Date. Any amount borrowed under this Section 2.1(a) and
subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.13(a) and 2.14, all amounts owed hereunder with respect to the Term Loans shall be paid in full no later than the Term Loan Maturity Date. Each Lender’s
Term Loan Commitment shall terminate immediately and without further action on the Funding Date after giving effect to the funding of such Lender’s Term Loan Commitment on such date. 

  
 34 

 (b) Borrowing Mechanics for Term Loans. 

(i) Borrower shall deliver to Administrative Agent a fully executed Funding Notice no less than ten Business Days prior to
the date specified in such Funding Notice for the proposed borrowing of Term Loans (the “Requested Borrowing Date”). Promptly after receipt by Administrative Agent of such Funding Notice, Administrative Agent shall notify each
Lender of the proposed borrowing of Term Loans. Notwithstanding the foregoing, Borrower may change the date of such proposed borrowing of Term Loans by delivering to Administrative Agent, not less than 3 Business Days prior to the Requested Funding
Date, a revised, fully executed Funding Notice specifying a date, which shall not be more than ten Business Days after the Requested Borrowing Date (and in any event shall not be earlier than the Requested Borrowing Date), on which the proposed
borrowing of Term Loans shall occur. Promptly after receipt of such revised Funding Notice, Administrative Agent shall notify each Lender of the revised date of the proposed borrowing of Term Loans. 

(ii) Each Lender shall make its Term Loan available to Administrative Agent not later than 12:00 p.m. (New York City time)
on the Funding Date, by wire transfer of same day funds in Dollars, at the Principal Office designated by Administrative Agent. Upon satisfaction or waiver of the conditions precedent specified herein, Administrative Agent shall make the proceeds of
the Term Loans available to Borrower on the Funding Date by causing an amount of same day funds in Dollars equal to the proceeds of all such Loans received by Administrative Agent from Lenders to be credited to the account of Borrower at the
Principal Office designated by Administrative Agent or to such other account as may be designated in writing to Administrative Agent by Borrower. 
 2.2. Delayed Draw Termination Date. On the Delayed Draw Termination Date, each Lender’s Term Loan Commitment shall immediately expire, all Obligations shall be due and payable in full,
and this Agreement shall terminate, except for those provisions that survive in accordance with Section 10.8. 

2.3. [Reserved.] 
 2.4. [Reserved.] 
 2.5. Pro Rata Shares; Availability of Funds.

 (a) Pro Rata Shares. All Loans shall be made by Lenders simultaneously and proportionately to their respective Pro Rata
Shares, it being understood that no Lender shall be responsible for any default by any other Lender in such other Lender’s obligation to make a Loan requested hereunder or purchase a participation required hereby nor shall any Term Loan
Commitment of any Lender be increased or decreased as a result of a default by any other Lender in such other Lender’s obligation to make a Loan requested hereunder or purchase a participation required hereby. 

(b) Availability of Funds. Unless Administrative Agent shall have been notified by any Lender prior to the Funding Date that such
Lender does not intend to make available to Administrative Agent the amount of such Lender’s Loan requested on the Funding Date, Administrative Agent may assume that such Lender has made such amount available to Administrative Agent on the
Funding Date and Administrative Agent may, in its sole discretion with the consent of Borrower, but shall not be obligated to, make available to Borrower a corresponding amount on the Funding Date. If such corresponding amount is not in fact made
available to Administrative Agent by such Lender, 

  
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Administrative Agent shall be entitled to recover such corresponding amount on demand from such Lender together with interest thereon, for each day from the Funding Date until the date such
amount is paid to Administrative Agent, at the customary rate set by Administrative Agent for the correction of errors among banks for three Business Days and thereafter at the Base Rate. If such Lender does not pay such corresponding amount
forthwith upon Administrative Agent’s demand therefor, Administrative Agent shall promptly notify Borrower and Borrower shall immediately pay such corresponding amount to Administrative Agent together with interest thereon, for each day from
the Funding Date until the date such amount is paid to Administrative Agent, at the rate payable hereunder for Base Rate Loans. Nothing in this Section 2.5(b) shall be deemed to relieve any Lender from its obligation to fulfill its Term
Loan Commitments hereunder or to prejudice any rights that Borrower may have against any Lender as a result of any default by such Lender hereunder. 
 2.6. Use of Proceeds. The proceeds of the Term Loans made on the Funding Date shall be applied by Borrower to refinance a portion of the Existing Term Loan Indebtedness and to pay interest, fees
and expenses under or in connection with the foregoing (including professionals’ fees and expenses). Such proceeds, together with cash on hand and the proceeds of the Rights Offering, shall be used to repay in full all of the Existing Term Loan
Indebtedness other than the Backstop First Lien Indebtedness. No portion of the proceeds of the Term Loans shall be used in any manner that causes or might cause the Term Loans or the application of such proceeds to violate Regulation T,
Regulation U or Regulation X of the Board of Governors or any other regulation thereof or to violate the Exchange Act. 
 2.7. Evidence of Debt; Register; Lenders’ Books and Records; Notes. 

(a) Lenders’ Evidence of Debt. Each Lender shall maintain on its internal records an account or accounts evidencing the
Obligations of Borrower to such Lender, including the amounts of the Loans made by it and each repayment and prepayment in respect thereof. Any such recordation shall be conclusive and binding on Borrower, absent manifest error; provided,
that the failure to make any such recordation, or any error in such recordation, shall not affect Borrower’s Obligations in respect of any applicable Loans; provided, further, in the event of any inconsistency between the Register
and any Lender’s records, the recordations in the Register shall govern. 
 (b) Register. Administrative Agent (or
its agent or sub-agent appointed by it) shall maintain at its Principal Office a register for the recordation of the names and addresses of Lenders and the Term Loan Commitments and Loans of each Lender from time to time (and stated interest
thereon) (the “Register”). The Register shall be available for inspection by Borrower or any Lender (with respect to any entry relating to such Lender’s Loans) at any reasonable time and from time to time upon reasonable prior
notice. Administrative Agent shall record, or shall cause to be recorded, in the Register the Term Loan Commitments and the Loans (and stated interest thereon) in accordance with the provisions of Section 10.6, and each repayment or
prepayment in respect of the principal amount of the Loans, and any such recordation shall be conclusive and binding on Borrower and each Lender, absent manifest error; provided, failure to make any such recordation, or any error in such
recordation, shall not affect Borrower’s Obligations in respect of any Term Loan Commitment or any Loan. Borrower hereby designates Administrative Agent to serve as Borrower’s agent solely for purposes of maintaining the Register as
provided in this Section 2.7, and Borrower hereby agrees that, to the extent Administrative Agent serves in such capacity, Administrative Agent and its officers, directors, employees, agents, sub-agents and affiliates shall constitute
“Indemnitees.” 
 (c) Notes. If so requested by any Lender by written notice to Borrower (with a copy to
Administrative Agent) at least two Business Days prior to the Funding Date, or at any time thereafter, 

  
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Borrower shall execute and deliver to such Lender (and/or, if applicable and if so specified in such notice, to any Person who is an assignee of such Lender pursuant to Section 10.6)
on the Funding Date (or, if such notice is delivered after the Closing Date, promptly after Borrower’s receipt of such notice) a Note or Notes to evidence such Lender’s Term Loan. 

2.8. Interest on Loans. 
 (a) Except as otherwise set forth herein, the Term Loans shall bear interest on the unpaid principal amount thereof from the date made through repayment (whether by acceleration or otherwise) thereof
(i) if a Base Rate Loan, at the Base Rate plus the Applicable Margin; or (ii) if a Eurodollar Rate Loan, at the Adjusted Eurodollar Rate plus the Applicable Margin. 

(b) The basis for determining the rate of interest with respect to any Loan, and the Interest Period with respect to any Eurodollar Rate
Loan, shall be selected by Borrower and notified to Administrative Agent and Lenders pursuant to the applicable Funding Notice or the applicable Conversion/Continuation Notice, as the case may be. 

(c) In connection with Eurodollar Rate Loans there shall be no more than five (5) Interest Periods outstanding at any time. In the
event Borrower fails to specify between a Base Rate Loan or a Eurodollar Rate Loan in the applicable Funding Notice or the applicable Conversion/Continuation Notice, such Loan (if outstanding as a Eurodollar Rate Loan) will be automatically
converted into a Base Rate Loan on the last day of the then-current Interest Period for such Loan (or if outstanding as a Base Rate Loan will remain as, or (if not then outstanding) will be made as, a Base Rate Loan). In the event Borrower fails to
specify an Interest Period for any Eurodollar Rate Loan in the applicable Funding Notice or Conversion/Continuation Notice, Borrower shall be deemed to have selected an Interest Period of one month. As soon as practicable after 10:00 a.m. (New York
City time) on each Interest Rate Determination Date, Administrative Agent shall determine (which determination shall, absent manifest error, be final, conclusive and binding upon all parties) the interest rate that shall apply to the Eurodollar Rate
Loans for which an interest rate is then being determined for the applicable Interest Period and shall promptly give notice thereof (in writing or by telephone confirmed in writing) to Borrower and each Lender. 

(d) Interest payable pursuant to Section 2.8(a) shall be computed (i) in the case of Base Rate Loans on the basis of a
365-day or 366-day year, as the case may be, and (ii) in the case of Eurodollar Rate Loans, on the basis of a 360-day year, in each case for the actual number of days elapsed in the period during which it accrues. In computing interest on any
Loan, the date of the making of such Loan or the first day of an Interest Period applicable to such Loan or the last Interest Payment Date with respect to such Term Loan or, with respect to a Base Rate Loan being converted from a Eurodollar Rate
Loan, the date of conversion of such Eurodollar Rate Loan to such Base Rate Loan, as the case may be, shall be included, and the date of payment of such Loan or the expiration date of an Interest Period applicable to such Loan or, with respect to a
Base Rate Loan being converted to a Eurodollar Rate Loan, the date of conversion of such Base Rate Loan to such Eurodollar Rate Loan, as the case may be, shall be excluded; provided, if a Loan is repaid on the same day on which it is made,
one day’s interest shall be paid on that Loan. 
 (e) Except as otherwise set forth herein, interest on each Loan
(i) shall accrue on a daily basis and shall be payable in arrears on each Interest Payment Date with respect to interest accrued on and to each such payment date; (ii) shall accrue on a daily basis and shall be payable in arrears upon any
prepayment of that Loan, whether voluntary or mandatory, to the extent accrued on the amount being prepaid; and (iii) shall accrue on a daily basis and shall be payable in arrears at maturity of the Loans, including final maturity of the Loans;
provided, however, with respect to any voluntary prepayment of a Base Rate Loan, accrued interest shall instead be payable on the applicable Interest Payment Date. 

  
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 2.9. Conversion/Continuation. 

(a) Subject to Section 2.18 and so long as no Default or Event of Default shall have occurred and then be continuing, Borrower
shall have the option: 
 (i) to convert at any time all or any part of the Term Loans equal to $5,000,000 and
integral multiples of $1,000,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan
unless Borrower shall pay all amounts due under Section 2.18 in connection with any such conversion; or 
 (ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Loan equal to $5,000,000 and integral multiples of $1,000,000 in excess of
that amount as a Eurodollar Rate Loan. 
 (b) Borrower shall deliver a Conversion/Continuation Notice to Administrative Agent no
later than 10:00 a.m. (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three Business Days in advance of the proposed conversion/continuation
date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans shall be irrevocable on and
after the related Interest Rate Determination Date, and Borrower shall be bound to effect a conversion or continuation in accordance therewith. If on any day a Loan is outstanding with respect to which a Funding Notice or Conversion/Continuation
Notice has not been delivered to Administrative Agent in accordance with the terms hereof specifying the applicable basis for determining the rate of interest, then for that day such Loan shall be a Base Rate Loan. 

2.10. Default Interest. Upon the occurrence and during the continuance of an Event of Default, and without further notice,
motion or application to, hearing before, or order from the Bankruptcy Court, the principal amount of all Loans outstanding and, to the extent permitted by applicable law, any interest payments on the Loans or any fees or other amounts owed
hereunder, shall thereafter bear interest (including post-petition interest in any proceeding under the Bankruptcy Code or other applicable bankruptcy laws) payable on demand at a rate that is 2% per annum in excess of the interest rate
otherwise payable hereunder with respect to the applicable Loans (or, in the case of any such fees and other amounts, at a rate which is 2% per annum in excess of the interest rate otherwise payable hereunder for Base Rate Loans);
provided, in the case of Eurodollar Rate Loans, upon the expiration of the Interest Period in effect at the time any such increase in interest rate is effective such Eurodollar Rate Loans shall thereupon become Base Rate Loans and shall
thereafter bear interest payable upon demand at a rate which is 2% per annum in excess of the interest rate otherwise payable hereunder for Base Rate Loans. Payment or acceptance of the increased rates of interest provided for in this
Section 2.10 is not a permitted alternative to timely payment and shall not constitute a waiver of any Event of Default or otherwise prejudice or limit any rights or remedies of Administrative Agent or any Lender. 

  
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 2.11. Fees; Call Premium. 

(a) Funding Fee. Borrower agrees to pay each Lender that is a party to this Agreement on the date of such payment, as fee
compensation for the funding of such Lender’s Loan, (i) if the Chapter 11 Cases have commenced, (A) a fee in an amount equal to 1.50% of the stated principal amount of such Lender’s Term Loan Commitment at the time of such
payment, which fee shall be fully earned and payable to such Lender promptly after the date on which the Interim Approval Order is issued and, (B) if the Funding Date occurs and the Loans are funded, a fee in an amount equal to 1.50% of the
stated principal amount of such Lender’s Term Loan Commitment on the date of such payment, which fee shall be fully earned and payable to such Lender on the Funding Date, or, (ii) if the Exchange Offer is consummated, the Funding Date
occurs and the Loans are funded, a fee in an amount equal to 3.00% of the stated principal amount of such Lender’s Term Loan Commitment on the Funding Date, which fee shall be fully earned and payable to such Lender on the Funding Date. Each
such fee, once paid, will be non-refundable and non-creditable. 
 (b) Alternative Fee. If Borrower substantially
consummates any plan of reorganization (other than the Plan of Reorganization that contemplates the Term Loans) or other restructuring, whether or not the Chapter 11 Cases are commenced, in each case that is consented to by the required holders of
the existing Senior Subordinated Notes and pursuant to which all or substantially all of the claims of the holders of such Senior Subordinated Notes are extinguished and converted into a majority of the Equity Interests, or rights to invest in
securities representing a majority of the Equity Interests, of the reorganized Borrower (a “Sub Debt Restructuring”) and all or substantially all of the Indebtedness under the Existing Term Credit Agreement (other than any portion
thereof held by the Backstop Parties converted into common Equity Interests) is extinguished or otherwise satisfied in full through any or all of (i) cash payments from cash on hand and/or (ii) the proceeds of new contributions of Equity
Interests to, and/or incurrences of Indebtedness by, the Borrower and/or (iii) the conversion of a portion of such Indebtedness to Equity Interests or other Indebtedness (for the avoidance of doubt, excluding any plan of reorganization or other
restructuring which provides for (A) the satisfaction of all of the claims in respect of the Existing Term Credit Agreement without a concurrent Sub Debt Restructuring or (B) the sale of all or a material portion of the assets of the
Borrower and its subsidiaries pursuant to Section 363 of the Bankruptcy Code or otherwise), without utilizing the Term Loans in connection therewith, the Borrower shall pay on the date such Sub Debt Restructuring is consummated without
utilizing the Term Loans, to each Lender, a fee (the “Alternative Fee”) equal to 3.00% of the stated principal amount of such Lender’s Term Loan Commitment as of the Closing Date. 

(c) Term Loan Commitment Fee. Borrower agrees to pay to each Lender a commitment fee, for the period from the Closing Date until
termination of the Term Loan Commitments, equal to (i) 0.50% per month times the daily undrawn amount of the Term Loan Commitments from the Closing Date through (and including) the four month anniversary of the Closing Date and
(ii) thereafter, 0.75% per month times the daily undrawn amount of the Term Loan Commitments. The foregoing fee shall be payable, (A) with respect to the period commencing on the Closing Date and ending on the one month anniversary of
the Closing Date, in advance on the Closing Date, and, (B) thereafter, in arrears on the last Business Day of each month, ending with the month in which the Term Loan Commitments terminate; provided, however, if the Chapter 11
Cases are commenced, (x) such fee shall also be payable in arrears on the Business Day immediately preceding the Petition Date and (y) the amount of such fee accrued from the Petition Date to the date on which the Interim Approval Order is
issued shall not be payable until the Interim Approval Order is issued, in which case it shall be payable in arrears as promptly as possible thereafter. 
 (d) In addition to any of the foregoing fees, Borrower agrees to pay to Agents such other fees in the amounts and at the times separately agreed upon. 

  
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 (e) Term Loan Call Protection. In the event all or any portion of the Loans are
repaid (or repurchased) for any reason (other than any repayments pursuant to Section 2.12, Section 2.13(b) or Section 2.14 (other than Section 2.14(d)) (or repriced or effectively refinanced through
any amendment of this Agreement) after the Funding Date and on or prior to the second anniversary of the Funding Date, such repayments, repurchases or repricings will be made at (i) 103.0% of the principal amount of the Loans so repaid,
repurchased or repriced if such repayment, repurchase or repricing occurs on or prior to the first anniversary of the Funding Date, and (ii) 102.0% of the principal amount of the Loans so repaid, repurchased or repriced if such repayment,
repurchase or repricing occurs after the first anniversary of the Funding Date but on or prior to the second anniversary of the Funding Date. Any payment or prepayment of the Loans other than those for which a premium is expressly provided in the
preceding sentence shall be made without premium or penalty other than applicable breakage costs, if any, and the payment of accrued and unpaid interest thereon. 
 2.12. Scheduled Payments. The principal amounts of the Term Loans shall be repaid in consecutive quarterly installments on March 31, June 30, September 30, and
December 31 of each year (commencing with the first full Fiscal Quarter following the Funding Date) in the aggregate amount of $300,000 per Fiscal Quarter (such stated amount to be reduced proportionately to the reduction, if any, in the Term
Loans funded on the Funding Date due to clause (C)(2) of the proviso to the second sentence in Section 3.2(r) such that, after giving effect to any such reduction, each quarterly Installment shall equal 0.25% of the Term Loans
funded on the Funding Date) with the remaining balance due at final maturity (each such payment, an “Installment”). Notwithstanding the foregoing, (x) such Installments shall be reduced in connection with any voluntary or
mandatory prepayments of the Term Loans in accordance with Sections 2.13, 2.14 and 2.15, as applicable; and (y) the Term Loans, together with all other amounts owed hereunder with respect thereto, shall, in any event,
be paid in full no later than the Term Loan Maturity Date. 
 2.13. Voluntary Prepayments. 

(a) Voluntary Prepayments. Any time and from time to time: 

(i) with respect to Base Rate Loans, Borrower may prepay any such Loans on any Business Day in whole or in part, in an
aggregate minimum amount of $1,000,000 and integral multiples of $1,000,000 in excess of that amount; and 
 (ii)
with respect to Eurodollar Rate Loans, Borrower may prepay any such Loans on any Business Day in whole or in part in an aggregate minimum amount of $1,000,000 and integral multiples of $1,000,000 in excess of that amount; and 

(iii) All such prepayments shall be made: 

(A) upon not less than one Business Day’s prior written or telephonic notice in the case of Base Rate Loans; and

 (B) upon not less than three Business Days’ prior written or telephonic notice in the case of Eurodollar
Rate Loans. 
 in each case given to Administrative Agent or Lender, as the case may be, by 12:00 p.m. (New York City time) on the date required
and, if given by telephone, promptly confirmed by delivery of written notice thereof to Administrative Agent (and Administrative Agent will promptly transmit such original notice 

  
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for Term Loans by telefacsimile or telephone to each Lender) or Lender, as the case may be. Upon the giving of any such notice, the principal amount of the Loans specified in such notice,
plus the amount payable pursuant to Section 2.11(e), if any, shall become due and payable on the prepayment date specified therein; provided, however, that any such notice may state that the date of such prepayment
of the Term Loans is conditioned upon the effectiveness of other financing or other events, in which case the date of such reduction or termination may be delayed or the notice may be revoked by Borrower (by written notice to the Administrative
Agent) if such condition is not satisfied. Any such voluntary prepayment shall be applied as specified in Section 2.15(a). 
 (b) Certain Permitted Term Loan Repurchases. Notwithstanding anything to the contrary contained in this Section 2.13 or any other provision of this Agreement, so long as no Default or
Event of Default has occurred and is continuing or would result therefrom, Borrower may repurchase outstanding Term Loans on the following basis: 
 (i) Borrower may conduct one or more modified Dutch auctions (each, an “Auction”) to repurchase all or any portion of the Term Loans; provided that, (A) Borrower delivers a
notice of such Auction to Administrative Agent (for distribution to the Lenders) no later than noon (New York City time) at least five Business Days in advance of a proposed consummation date of such Auction indicating: (1) the date on which
the Auction will conclude, (2) the maximum principal amount of Term Loans Borrower is willing to purchase in the Auction and (3) the range of discounts to par at which Borrower would be willing to repurchase the Term Loans; (B) the
maximum dollar amount of the Auction shall be no less than $1,000,000 or an integral multiple of $500,000 in excess thereof; (C) Borrower shall hold the Auction open for a minimum period of two Business Days; (D) such repurchase shall be
offered to all Lenders holding such Term Loans; (E) a Lender who elects to participate in the Auction may choose to tender all or part of such Lender’s Term Loans; and (F) the Auction shall be conducted pursuant to such procedures as
the Administrative Agent may establish which are consistent with this Section 2.13(b) (and are reasonably acceptable to Borrower and Administrative Agent), that a Lender must follow in order to have its Loans repurchased, and upon
submission by a Lender of a notice of participation in such Auction, such Lender will be obligated to sell the entirety or its pro rata portion of the amount of Term Loans it indicates in such notice it is willing to sell in such Auction, to the
extent the bids made in such notice by such Lender are at discounts to par equal to or greater than the discount to par at which Borrower can successfully pay the entire maximum amount of Loans Borrower is willing to repurchase or, in the event that
the entire maximum amount of Loans Borrower is willing to repurchase cannot be repurchased at any such discount price, each Lender shall be obligated to sell all of the Term Loans of such Lender for which bids were within the range of discounts to
par at which Borrower has offered to repurchase the Term Loans; 
 (ii) With respect to all repurchases made by
Borrower pursuant to this Section 2.13(b), (A) Borrower shall pay to the applicable assigning Lender all accrued and unpaid interest, if any, on the repurchased Term Loans to the date of repurchase of such Term Loans, (B) the
repurchase of such Term Loans by Borrower shall not be taken into account in the calculation of Consolidated Excess Cash Flow, (C) Borrower shall represent that, as of the launch date of the related Auction and the effective date of any
Assignment Agreement, it has no knowledge of any information regarding Holdings and its Subsidiaries, or Borrower’s assets, its ability to perform its Obligations or any other matter that may be material to a decision by any Lender to
participate in any Auction or enter into any Assignment Agreement or any of the transactions contemplated thereby and that has not previously been disclosed to Administrative Agent and the Lenders and (D) such repurchases shall not be deemed to
be voluntary prepayments pursuant to this Section 2.13 or Section 2.11 or Section 2.15 or Section 2.16 or an Investment except that the amount of the Loans so repurchased shall be applied on a pro rata
basis to reduce the scheduled remaining Installments of principal of such Term Loans; 

  
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 (iii) Following repurchase by Borrower pursuant to this
Section 2.13(b), the Term Loans so repurchased shall, without further action by any Person, be deemed cancelled for all purposes and no longer outstanding (and may not be resold by Borrower), for all purposes of this Agreement and all
other Credit Documents, including, but not limited to (A) the making of, or the application of, any payments to the Lenders under this Agreement or any other Credit Document, (B) the making of any request, demand, authorization, direction,
notice, consent or waiver under this Agreement or any other Credit Document or (C) the determination of Requisite Lenders, or for any similar or related purpose, under this Agreement or any other Credit Document. In connection with any Term
Loans repurchased and cancelled pursuant to this Section 2.13(b), Administrative Agent is authorized to make appropriate entries in the Register to reflect any such cancellation. Any payment made by Borrower in connection with a
repurchase permitted by this Section 2.13(b) shall not be subject to the provisions of either Section 2.16(a) or Section 2.17. Failure by Borrower to make any payment to a Lender required by an agreement permitted
by this Section 2.13(b) shall not constitute an Event of Default under Section 8.1(a); and 
 (iv) The Borrower (A) shall not use any proceeds of loans under the Replacement Revolving Credit Agreement to fund such repurchases, (B) may only make a repurchase with an amount equal to the
aggregate amount of Permitted Additional Equity and/or the aggregate amount of Consolidated Excess Cash Flow that, (x) in the case of Consolidated Excess Cash Flow, has not been applied pursuant to Section 2.14(e) to prepay the
Loans and is not currently required to be applied pursuant to Section 2.14(e) to prepay the Loans (provided that, (x) with respect to Consolidated Excess Cash Flow for the immediately preceding Fiscal Year, the amount of
Consolidated Excess Cash Flow for such immediately preceding Fiscal Year shall only be included in such calculation after any prepayment required pursuant to Section 2.14(e) with respect to such Consolidated Excess Cash Flow for such
immediately preceding Fiscal Year has been made and (y) the aggregate amount of Consolidated Excess Cash Flow for purposes of this clause (iv)(B) shall be reduced by an amount equal to the aggregate principal amount of voluntary
prepayments of the Loans to the extent that, in determining the amount of the Loans required to be prepaid pursuant to Section 2.14(e), such prepayments were applied to reduce such amount in accordance with Section 2.14(e))
and (y) has not previously been utilized to fund a Permitted Acquisition pursuant to Section 6.8(f) or a Term Loan repurchase hereunder and (C) shall not be permitted to make any repurchases with (x) Consolidated Excess
Cash Flow to the extent that, after giving effect to such repurchase, Borrower’s Minimum Liquidity does not exceed $30,000,000 or (y) the proceeds of Permitted Additional Equity to the extent that, after giving effect to such repurchase,
Borrower’s Minimum Liquidity does not exceed $15,000,000. 
 (v) Each Lender that sells its Term Loans
pursuant to this Section 2.13 acknowledges and agrees that (i) Borrower may come into possession of additional information regarding the Loans or the Credit Parties at any time after a repurchase has been consummated pursuant to an
Auction hereunder that was not known to such Lender or the Borrower at the time such repurchase was consummated and that, when taken together with information that was known to Borrower at the time such repurchase was consummated, may be information
that would have been material to such Lender’s decision to enter into an assignment of such Term Loans hereunder (“Excluded Information”), (ii) such Lender will independently and without reliance on the Borrower, any of
its Subsidiaries or any other Person make its own analysis and determination to enter into an assignment of its Loans and to consummate the transactions contemplated by an Auction notwithstanding such Lender’s lack of knowledge of Excluded

  
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Information and (iii) none of the Borrower, its Subsidiaries or any other Person shall have any liability to such Lender for a breach under this Section 2.13(b)(ii)(C) since the
representations contained in such Section were based on information known as of the launch date of such Auction and the effective date of any Assignment Agreement, and such Lender hereby waives and releases, to the extent permitted by law, any
claims such Lender may have against the Borrower, its Subsidiaries or such other Person, under applicable laws or otherwise, with respect to the nondisclosure of the Excluded Information. Each Lender that tenders Loans pursuant to an Auction agrees
to the foregoing provisions of this clause (b)(v), and agrees that such provisions shall control, notwithstanding any inconsistent provision contained herein or in any assignment agreement for the Loans. The Administrative Agent and the
Lenders hereby consent to the Auctions and the other transactions contemplated by this Section 2.13 and hereby waive the requirements of any provision of this Agreement (including, without limitation, any pro rata payment requirements)
(it being understood and acknowledged that purchases of the Loans by the Borrower contemplated by this Section 2.13(b) shall not constitute Investments by the Borrower) or any other Credit Document that may otherwise prohibit any Auction
or any other transaction contemplated by this Section 2.13(b). 
 2.14. Mandatory Prepayments. 

(a) Asset Sales. No later than the third Business Day following the date of receipt by Holdings or any of its Subsidiaries of any
Net Asset Sale Proceeds after the Funding Date, Borrower shall, subject to Section 2.14(h), prepay the Loans as set forth in Section 2.15(b) in an aggregate amount equal to such Net Asset Sale Proceeds; provided,
(i) so long as no Default or Event of Default shall have occurred and be continuing, and (ii) to the extent that aggregate Net Asset Sale Proceeds do not exceed, with respect to Net Asset Sale Proceeds from all Asset Sales after the
Funding Date, (x) $2,500,000 in the Fiscal Year in which such Net Asset Sale Proceeds are received or (y) $10,000,000 from the Funding Date through the applicable date of determination, Borrower shall have the option, directly or through
one or more of its Subsidiaries, to invest Net Asset Sale Proceeds in long term assets used or useful in the business of the Borrower and its Subsidiaries (including but not limited to Permitted Acquisitions or Investments permitted pursuant to
Section 6.6(n)) within 180 days of receipt thereof (or to the extent commitments to invest such amounts have been entered into by such date, within 90 days thereafter). 

(b) Insurance/Condemnation Proceeds. No later than the third Business Day following the date of receipt by Holdings or any of its
Subsidiaries, or Administrative Agent as loss payee, of any Net Insurance/Condemnation Proceeds after the Funding Date, Borrower shall, subject to Section 2.14(h), prepay the Loans as set forth in Section 2.15(b) in an
aggregate amount equal to such Net Insurance/Condemnation Proceeds; provided, (i) so long as no Default or Event of Default shall have occurred and be continuing, and (ii) to the extent that aggregate Net Insurance/Condemnation
Proceeds from the Funding Date through the applicable date of determination do not exceed $10,000,000, Borrower shall have the option, directly or through one or more of its Subsidiaries to invest such Net Insurance/Condemnation Proceeds in long
term assets used or useful in the business of the Borrower and its Subsidiaries (including but not limited to Permitted Acquisitions or Investments permitted pursuant to Section 6.6(n)) within 180 days of receipt thereof (or to the
extent commitments to invest such amounts have been entered into by such date, within 90 days thereafter). 
 (c) Issuance of
Equity Securities. (i) On the date of receipt by Holdings of any Cash proceeds from a Qualified IPO, Borrower shall prepay the Loans in an aggregate amount equal to 25% of such proceeds, net of underwriting discounts and commissions and
other reasonable costs and expenses associated therewith, including reasonable legal fees and expenses, and (ii) on the date on which Holdings redeems Indebtedness permitted under Section 6.1(o) with the proceeds of Permitted
Additional Equity, Borrower shall prepay the Loans in an amount equal to 25% of the amount of such Indebtedness that is so redeemed. 

  
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 (d) Issuance of Debt. No later than the Business Day after the date of receipt by
Holdings or any of its Subsidiaries of any Cash proceeds from the incurrence of any Indebtedness of Holdings or any of its Subsidiaries (other than with respect to any Indebtedness permitted to be incurred pursuant to Section 6.1) after
the Funding Date, Borrower shall prepay the Loans as set forth in Section 2.15(b) in an aggregate amount equal to 100% of such proceeds, net of underwriting fees, discounts and commissions and other reasonable costs and expenses
associated therewith, including reasonable legal fees and expenses. 
 (e) Consolidated Excess Cash Flow. In the event
that there shall be Consolidated Excess Cash Flow for any Fiscal Year (commencing with the Fiscal Year ending December 31, 2011; provided that Consolidated Excess Cash Flow for such Fiscal Year shall be computed for the period from the
first date of the month following the Funding Date to December 31, 2011), Borrower shall, no later than ninety days after the end of such Fiscal Year, prepay the Loans as set forth in Section 2.15(b) in an aggregate amount equal to
(i) 75% of such Consolidated Excess Cash Flow minus (ii) voluntary repayments of the Loans during the Fiscal Year to which the calculation of Consolidated Excess Cash Flow relates; provided, that if, as of the last day of the
most recently ended Fiscal Year, the Leverage Ratio (determined for any such period by reference to the Compliance Certificate delivered pursuant to Section 5.1(d) calculating the Leverage Ratio as of the last day of such Fiscal Year)
shall be (x) less than or equal 3.50:1.00 but greater than 2.00:1.00, Borrower shall only be required to make the prepayments and/or reductions otherwise required hereby in an amount equal to (i) 50% of such Consolidated Excess Cash Flow
minus (ii) voluntary repayments of the Loans during the Fiscal Year to which the calculation of Consolidated Excess Cash Flow relates or (y) less than or equal 2.00:1.00, Borrower shall only be required to make the prepayments
and/or reductions otherwise required hereby in an amount equal to (i) 25% of such Consolidated Excess Cash Flow minus (ii) voluntary repayments of the Loans during the Fiscal Year to which the calculation of Consolidated Excess Cash
Flow relates. 
 (f) Specified Equity Contributions. On the date of receipt by Holdings or any of its Subsidiaries of the
proceeds of any Specified Equity Contribution, Borrower shall prepay the Loans as set forth in Section 2.15(b) in an aggregate amount equal to 100% of such proceeds, net of reasonable costs and expenses associated therewith, including
reasonable legal fees and expenses. 
 (g) Prepayment Certificate. Concurrently with any prepayment of the Loans pursuant
to Sections 2.14(a) through 2.14(f), Borrower shall deliver to Administrative Agent a certificate of an Authorized Officer demonstrating the calculation of the amount of the applicable prepayment amount or Consolidated Excess Cash
Flow, as the case may be. In the event that Borrower shall subsequently determine that the actual amount required to be so prepaid exceeded the amount set forth in such certificate, Borrower shall promptly make an additional prepayment of the Loans
in an amount equal to such excess, and Borrower shall concurrently therewith deliver to Administrative Agent a certificate of an Authorized Officer demonstrating the derivation of such excess. 

(h) Replacement Revolving Credit Facility. Notwithstanding anything to the contrary in Sections 2.14(a) and 2.14(b),
to the extent a prepayment is required under the Replacement Revolving Credit Facility due to any Net Asset Sale Proceeds or Net Insurance/Condemnation Proceeds constituting the proceeds of Replacement Revolving Priority Collateral, no prepayment
shall be required with respect to such Replacement Revolving Priority Collateral under Sections 2.14(a) and 2.14(b), so long as such Net Asset Sale Proceeds or Net Insurance/Condemnation Proceeds are applied to the outstanding
revolving loans under the Replacement Revolving Credit Facility and, if there are no outstanding revolving loans, such proceeds are applied to the Term Loans. 

  
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 2.15. Application of Prepayments/Reductions. 

(a) Application of Voluntary Prepayments by Type of Loans. Any prepayment of any Loan pursuant to Section 2.13(a) shall
be applied as specified by Borrower in the applicable notice of prepayment; provided, in the event Borrower fails to specify the Loans to which any such prepayment applies, such prepayment shall be applied to prepay the Term Loans on a pro
rata basis (in accordance with the respective outstanding principal amounts thereof); and further applied on a pro rata basis to reduce the scheduled remaining Installments of principal of the Term Loans. 

(b) Application of Mandatory Prepayments by Type of Loans. Any amount required to be paid pursuant to Sections 2.14(a)
through 2.14(f) shall be applied to prepay Term Loans on a pro rata basis to the remaining scheduled Installments of principal thereof. 
 (c) Application of Prepayments of Loans to Base Rate Loans and Eurodollar Rate Loans. Any prepayment of the Term Loans shall be applied, first, to Base Rate Loans to the full extent thereof
before application to Eurodollar Rate Loans, in each case in a manner which minimizes the amount of any payments required to be made by Borrower pursuant to Section 2.18(c). 

(d) Waivable Mandatory Prepayment. Anything contained herein to the contrary notwithstanding, if Borrower is required to make any
mandatory prepayment (a “Waivable Mandatory Prepayment”) of the Term Loans, not less than two Business Days prior to the date (the “Required Prepayment Date”) on which Borrower is required to make such Waivable
Mandatory Prepayment, Borrower shall notify Administrative Agent of the amount of such prepayment, and Administrative Agent will promptly thereafter notify each Lender holding an outstanding Term Loan of the amount of such Lender’s Pro Rata
Share of such Waivable Mandatory Prepayment and such Lender’s option to refuse such amount. Each such Lender may exercise such option by giving written notice to Borrower and Administrative Agent of its election to do so on or before the first
Business Day prior to the Required Prepayment Date (it being understood that any Lender that does not notify Borrower and Administrative Agent of its election to exercise such option on or before the first Business Day prior to the Required
Prepayment Date shall be deemed to have elected, as of such date, not to exercise such option). On the Required Prepayment Date, Borrower shall pay to Administrative Agent the amount of the Waivable Mandatory Prepayment, which amount shall be
applied (i) in an amount equal to that portion of the Waivable Mandatory Prepayment payable to those Lenders that have elected not to exercise such option, to prepay the Term Loans of such Lenders, and (ii) to the extent of any excess, to
Borrower for working capital and general corporate purposes. 
 2.16. General Provisions Regarding Payments. 

(a) All payments by Borrower of principal, interest, fees (including fees payable pursuant to Section 2.11) and other
Obligations shall be made in Dollars in same day funds, without defense, recoupment, setoff or counterclaim, free of any restriction or condition, and delivered to Administrative Agent not later than 12:00 p.m. (New York City time) on the date due
at the Principal Office of Administrative Agent for the account of Lenders; for purposes of computing interest and fees, funds received by Administrative Agent after that time on such due date shall be deemed to have been paid by Borrower on the
next succeeding Business Day. 
 (b) All payments in respect of the principal amount of any Loan shall be accompanied by payment
of accrued interest on the principal amount being repaid or prepaid, and all such payments (and, in any event, any payments in respect of any Loan on a date when interest is due and payable with respect to such Loan) shall be applied to the payment
of interest then due and payable before application to principal. 

  
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 (c) Administrative Agent (or its agent or sub-agent appointed by it) shall promptly
distribute to each Lender at such address as such Lender shall indicate in writing, such Lender’s applicable Pro Rata Share of all payments and prepayments of principal and interest due hereunder, together with all other amounts due thereto,
including all fees payable with respect thereto, to the extent received by Administrative Agent. 
 (d) Notwithstanding the
foregoing provisions hereof, if any Conversion/ Continuation Notice is withdrawn as to any Affected Lender or if any Affected Lender makes Base Rate Loans in lieu of its Pro Rata Share of any Eurodollar Rate Loans, Administrative Agent shall give
effect thereto in apportioning payments received thereafter. 
 (e) Whenever any payment to be made hereunder with respect to
any Loan shall be stated to be due on a day that is not a Business Day, such payment shall be made on the next succeeding Business Day. 
 (f) Administrative Agent shall deem any payment by or on behalf of Borrower hereunder that is not made in same day funds prior to 12:00 p.m. (New York City time) to be a non-conforming payment. Any such
payment shall not be deemed to have been received by Administrative Agent until the later of (i) the time such funds become available funds, and (ii) the applicable next Business Day. Administrative Agent shall give prompt telephonic
notice to Borrower and each applicable Lender (confirmed in writing) if any payment is non-conforming. Any non-conforming payment may constitute or become a Default or Event of Default in accordance with the terms of Section 8.1(a).
Interest shall continue to accrue on any principal as to which a non-conforming payment is made until such funds become available funds (but in no event less than the period from the date of such payment to the next succeeding applicable Business
Day) at the rate determined pursuant to Section 2.10 from the date such amount was due and payable until the date such amount is paid in full. 
 (g) If an Event of Default shall have occurred and not otherwise been waived, and the maturity of the Obligations shall have been accelerated pursuant to Section 8.1, all payments or proceeds
received by Agents in respect of any of the Obligations, shall be applied in accordance with the application arrangements described in Section 9.2 of the Pledge and Security Agreement. 

2.17. Ratable Sharing. Except as set forth in Section 2.13(b), Lenders hereby agree among themselves that if any of
them shall, whether by voluntary payment (other than a voluntary prepayment of Loans made and applied in accordance with the terms hereof), through the exercise of any right of set-off, consolidation or banker’s lien, by counterclaim or cross
action or by the enforcement of any right under the Credit Documents or otherwise, or as adequate protection of a deposit treated as cash collateral under the Bankruptcy Code, including with respect to the Chapter 11 Cases, receive payment or
reduction of a proportion of the aggregate amount of principal, interest, fees and other amounts then due and owing to such Lender hereunder or under the other Credit Documents (collectively, the “Aggregate Amounts Due” to such
Lender) which is greater than the proportion received by any other Lender in respect of the Aggregate Amounts Due to such other Lender, then the Lender receiving such proportionately greater payment shall (a) notify Administrative Agent and
each other Lender of the receipt of such payment and (b) apply a portion of such payment to purchase participations (which it shall be deemed to have purchased from each seller of a participation simultaneously upon the receipt by such seller
of its portion of such payment) in the Aggregate Amounts Due to the other Lenders so that all such recoveries of Aggregate Amounts Due shall be shared by all Lenders in proportion to the Aggregate Amounts Due to 

  
 46 

 
them; provided, if all or part of such proportionately greater payment received by such purchasing Lender is thereafter recovered from such Lender upon the bankruptcy or reorganization of
Borrower or otherwise, those purchases shall be rescinded and the purchase prices paid for such participations shall be returned to such purchasing Lender ratably to the extent of such recovery, but without interest. Borrower expressly consents to
the foregoing arrangement and agrees that any holder of a participation so purchased may exercise any and all rights of banker’s lien, consolidation, set-off or counterclaim with respect to any and all monies owing by Borrower to that holder
with respect thereto as fully as if that holder were owed the amount of the participation held by that holder. The provisions of this Section 2.17 shall not be construed to apply to (a) any payment made by Borrower pursuant to and
in accordance with the express terms of this Agreement or (b) any payment obtained by any Lender as consideration for the assignment or sale of a participation in any of its Loans or other Obligations owed to it. 

2.18. Making or Maintaining Eurodollar Rate Loans. 
 (a) Inability to Determine Applicable Interest Rate. In the event that Administrative Agent shall have determined (which determination shall be final and conclusive and binding upon all parties
hereto), on any Interest Rate Determination Date with respect to any Eurodollar Rate Loans, that by reason of circumstances affecting the London interbank market adequate and fair means do not exist for ascertaining the interest rate applicable to
such Loans on the basis provided for in the definition of Adjusted Eurodollar Rate, Administrative Agent shall on such date give notice (by telefacsimile or by telephone confirmed in writing) to Borrower and each Lender of such determination,
whereupon (i) no Loans may be made as, or converted to, Eurodollar Rate Loans until such time as Administrative Agent notifies Borrower and Lenders that the circumstances giving rise to such notice no longer exist, and (ii) any Funding
Notice or Conversion/Continuation Notice given by Borrower with respect to the Loans in respect of which such determination was made shall be deemed to be rescinded by Borrower. 

(b) Illegality or Impracticability of Eurodollar Rate Loans. In the event that on any date any Lender shall have determined (which
determination shall be final and conclusive and binding upon all parties hereto) that the making, maintaining or continuation of its Eurodollar Rate Loans (i) has become unlawful as a result of compliance by such Lender in good faith with any
law, treaty, governmental rule, regulation, guideline or order (or would conflict with any such treaty, governmental rule, regulation, guideline or order not having the force of law even though the failure to comply therewith would not be unlawful),
or (ii) has become impracticable, as a result of contingencies occurring after the date hereof which materially and adversely affect the London interbank market or the position of such Lender in that market, then, and in any such event, such
Lender shall be an “Affected Lender” and it shall on that day give notice (by e-mail or by telephone confirmed in writing) to Borrower and Administrative Agent of such determination (which notice Administrative Agent shall promptly
transmit to each other Lender). If the Administrative Agent receives a notice from (x) any Lender pursuant to clause (i) of the preceding sentence or (y) a notice from Lenders constituting Requisite Lenders pursuant to
clause (ii) of the preceding sentence, then (1) the obligation of the Lenders (or, in the case of any notice pursuant to clause (i) of the preceding sentence, such Lender) to make Loans as, or to convert Loans to,
Eurodollar Rate Loans shall be suspended until such notice shall be withdrawn by each Affected Lender, (2) to the extent such determination by the Affected Lender relates to a Eurodollar Rate Loan then being requested by Borrower pursuant to a
Funding Notice or a Conversion/Continuation Notice, the Lenders (or in the case of any notice pursuant to clause (i) of the preceding sentence, such Lender) shall make such Loan as (or continue such Loan as or convert such Loan to, as
the case may be) a Base Rate Loan, (3) the Lenders’ (or in the case of any notice pursuant to clause (i) of the preceding sentence, such Lender’s) obligations to maintain their respective outstanding Eurodollar Rate Loans
(the “Affected Loans”) shall be terminated at the earlier to occur of the expiration of the Interest Period then in effect with respect to the Affected Loans or when required by law, and (4) the Affected Loans shall
automatically convert into Base Rate 

  
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Loans on the date of such termination. Notwithstanding the foregoing, to the extent a determination by an Affected Lender as described above relates to a Eurodollar Rate Loan then being requested
by Borrower pursuant to a Funding Notice or a Conversion/Continuation Notice, Borrower shall have the option, subject to the provisions of Section 2.18(c), to rescind such Funding Notice or Conversion/Continuation Notice as to all
Lenders by giving written or telephonic notice (promptly confirmed by delivery of written notice thereof) to Administrative Agent of such rescission on the date on which the Affected Lender gives notice of its determination as described above (which
notice of rescission Administrative Agent shall promptly transmit to each other Lender). 
 (c) Compensation for Breakage or
Non-Commencement of Interest Periods. Borrower shall compensate each Lender, upon written request by such Lender (which request shall set forth the basis for requesting such amounts), for all reasonable losses, expenses and liabilities
(including any interest paid or payable by such Lender to Lenders of funds borrowed by it to make or carry its Eurodollar Rate Loans and any loss, expense or liability sustained by such Lender in connection with the liquidation or re-employment of
such funds but excluding loss of anticipated profits) which such Lender may sustain: (i) if for any reason (other than a default by such Lender) a borrowing of any Eurodollar Rate Loan does not occur on a date specified therefor in a Funding
Notice or a telephonic request for borrowing, or a conversion to or continuation of any Eurodollar Rate Loan does not occur on a date specified therefor in a Conversion/Continuation Notice or a telephonic request for conversion or continuation;
(ii) if any prepayment or other principal payment of, or any conversion of, any of its Eurodollar Rate Loans occurs on a date prior to the last day of an Interest Period applicable to that Loan; or (iii) if any prepayment of any of its
Eurodollar Rate Loans is not made on any date specified in a notice of prepayment given by Borrower. 
 (d) Booking of
Eurodollar Rate Loans. Any Lender may make, carry or transfer Eurodollar Rate Loans at, to, or for the account of any of its branch offices or the office of an Affiliate of such Lender. 

(e) Assumptions Concerning Funding of Eurodollar Rate Loans. Calculation of all amounts payable to a Lender under this
Section 2.18 and under Section 2.19 shall be made as though such Lender had actually funded each of its relevant Eurodollar Rate Loans through the purchase of a Eurodollar deposit bearing interest at the rate obtained
pursuant to clause (i) of the definition of Adjusted Eurodollar Rate in an amount equal to the amount of such Eurodollar Rate Loan and having a maturity comparable to the relevant Interest Period and through the transfer of such
Eurodollar deposit from an offshore office of such Lender to a domestic office of such Lender in the United States of America; provided, however, each Lender may fund each of its Eurodollar Rate Loans in any manner it sees fit and the
foregoing assumptions shall be utilized only for the purposes of calculating amounts payable under this Section 2.18 and under Section 2.19. 
 2.19. Increased Costs; Capital Adequacy. 
 (a) Compensation For Increased
Costs and Taxes. Subject to the provisions of Section 2.20 (which shall be controlling with respect to the matters covered thereby), in the event that any Lender shall determine (which determination shall, absent manifest error, be
final and conclusive and binding upon all parties hereto) that any law, treaty or governmental rule, regulation or order, or any change therein or in the interpretation, administration or application thereof (including the introduction of any new
law, treaty or governmental rule, regulation or order), or any determination of a court or governmental authority, in each case that becomes effective after the date hereof, or compliance by such Lender with any guideline, request or directive
issued or made after the date hereof by any central bank or other governmental or quasi-governmental authority (whether or not having the force of law): (i) subjects 

  
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such Lender (or its applicable lending office) to any additional Tax (other than any Tax on the overall net income of such Lender) with respect to this Agreement or any of the other Credit
Documents or any of its obligations hereunder or thereunder or any payments to such Lender (or its applicable lending office) of principal, interest, fees or any other amount payable hereunder; (ii) imposes, modifies or holds applicable any
reserve (including any marginal, emergency, supplemental, special or other reserve), special deposit, compulsory loan, FDIC insurance or similar requirement against assets held by, or deposits or other liabilities in or for the account of, or
advances or loans by, or other credit extended by, or any other acquisition of funds by, any office of such Lender (other than any such reserve or other requirements with respect to Eurodollar Rate Loans that are reflected in the definition of
Adjusted Eurodollar Rate); or (iii) imposes any other condition (other than with respect to a Tax matter) on or affecting such Lender (or its applicable lending office) or its obligations hereunder or the London interbank market; and the result
of any of the foregoing is to increase the cost to such Lender of agreeing to make, making or maintaining Loans hereunder or to reduce any amount received or receivable by such Lender (or its applicable lending office) with respect thereto; then, in
any such case, Borrower shall promptly pay to such Lender, upon receipt of the statement referred to in the next sentence, such additional amount or amounts (in the form of an increased rate of, or a different method of calculating, interest or
otherwise as such Lender in its sole discretion shall determine) as may be necessary to compensate such Lender for any such increased cost or reduction in amounts received or receivable hereunder. Such Lender shall deliver to Borrower (with a copy
to Administrative Agent) a written statement, setting forth in reasonable detail the basis for calculating the additional amounts owed to such Lender under this Section 2.19(a), which statement shall be conclusive and binding upon all
parties hereto absent manifest error. 
 (b) Capital Adequacy Adjustment. In the event that any Lender shall have
determined that the adoption, effectiveness, phase-in or applicability after the Closing Date of any law, rule or regulation (or any provision thereof) regarding capital adequacy, or any change therein or in the interpretation or administration
thereof by any Governmental Authority, central bank or comparable agency charged with the interpretation or administration thereof, or compliance by any Lender (or its applicable lending office) with any guideline, request or directive regarding
capital adequacy (whether or not having the force of law) of any such Governmental Authority, central bank or comparable agency, has or would have the effect of reducing the rate of return on the capital of such Lender or any corporation controlling
such Lender as a consequence of, or with reference to, such Lender’s Loans or participations therein or other obligations hereunder with respect to the Loans to a level below that which such Lender or such controlling corporation could have
achieved but for such adoption, effectiveness, phase-in, applicability, change or compliance (taking into consideration the policies of such Lender or such controlling corporation with regard to capital adequacy), then from time to time, within five
Business Days after receipt by Borrower from such Lender of the statement referred to in the next sentence, Borrower shall pay to such Lender such additional amount or amounts as will compensate such Lender or such controlling corporation on an
after-tax basis for such reduction. Such Lender shall deliver to Borrower (with a copy to Administrative Agent) a written statement, setting forth in reasonable detail the basis for calculating the additional amounts owed to Lender under this
Section 2.19(b), which statement shall be conclusive and binding upon all parties hereto absent manifest error. 

(c) Dodd-Frank. It is understood and agreed that the Dodd–Frank Wall Street Reform and Consumer Protection Act (Pub.L.
111-203, H.R. 4173), all requirements of law relating thereto, all interpretations and applications thereof and any compliance by a Lender with any request or directive relating thereto, shall, for the purposes of this Agreement, be deemed to be
adopted after the date hereof. 

  
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 2.20. Taxes; Withholding, Etc. 

(a) Payments to Be Free and Clear. All sums payable by or on behalf of any Credit Party hereunder and under the other Credit
Documents shall (except to the extent required by law) be paid free and clear of, and without any deduction or withholding on account of, any Tax (other than a Tax on the overall net income of any Lender) imposed, levied, collected, withheld or
assessed by any Governmental Authority. 
 (b) Withholding of Taxes. If any Credit Party or any other Person (acting as a
withholding agent) is (in such withholding agent’s reasonable good faith discretion) required by law to make any deduction or withholding on account of any such Tax from any sum paid or payable by any Credit Party to Administrative Agent or any
Lender under any of the Credit Documents: (i) Borrower shall notify Administrative Agent of any such requirement or any change in any such requirement as soon as Borrower becomes aware of it; (ii) Borrower shall pay, or cause to be paid,
any such Tax before the date on which penalties attach thereto, such payment to be made (if the liability to pay is imposed on any Credit Party) for its own account or (if that liability is imposed on Administrative Agent or such Lender, as the case
may be) on behalf of and in the name of Administrative Agent or such Lender; (iii) unless otherwise provided on this Section 2.20, the sum payable by such Credit Party in respect of which the relevant deduction, withholding or
payment is required shall be increased to the extent necessary to ensure that, after the making of that deduction, withholding or payment, Administrative Agent or such Lender, as the case may be, receives on the due date a net sum equal to what it
would have received had no such deduction, withholding or payment been required or made; and (iv) within thirty days after the due date of payment of any Tax which it is required by clause (ii) above to pay, Borrower shall deliver
to Administrative Agent evidence satisfactory to the other affected parties of such deduction, withholding or payment and of the remittance thereof to the relevant taxing or other authority; provided, with respect to any United States federal
withholding tax, no such additional amount shall be required to be paid to any Lender (other than a Lender that becomes a Lender pursuant to Section 2.23) under clause (iii) above except to the extent that any change after
the date hereof (in the case of each Lender listed on the signature pages hereof on the Closing Date) or after the effective date of the Assignment Agreement pursuant to which such Lender became a Lender (in the case of each other Lender) in any
such requirement for a deduction, withholding or payment as is mentioned therein shall result in an increase in the rate of such deduction, withholding or payment from that in effect at the date hereof or at the date of such Assignment Agreement, as
the case may be, in respect of payments to such Lender; provided, further, that additional amounts shall be payable to a Lender to the extent such Lender’s assignor was entitled to receive such additional amounts. 

(c) Evidence of Exemption From U.S. Withholding Tax. Each Lender that is not a United States person (as such term is defined in
Section 7701(a)(30) of the Internal Revenue Code) for U.S. federal income tax purposes (a “Non-US Lender”) shall, to the extent such Lender is legally able to do so, deliver to Administrative Agent for transmission to Borrower,
on or prior to the Closing Date (in the case of each Lender listed on the signature pages hereof on the Closing Date) or on or prior to the date of the Assignment Agreement pursuant to which it becomes a Lender (in the case of each other Lender),
and at such other times as may be necessary in the determination of Borrower or Administrative Agent (each in the reasonable exercise of its discretion), (i) two original copies of Internal Revenue Service Form W-8BEN, W-8ECI, W-8EXP and/or
W-8IMY (and appropriate supporting statements) (or, in each case, any successor forms), properly completed and duly executed by such Lender, and such other documentation required under the Internal Revenue Code and reasonably requested by Borrower
to establish that such Lender is not subject to (or is subject to a reduced rate of) deduction or withholding of United States federal income tax with respect to any payments to such Lender of principal, interest, fees or other amounts payable under
any of the Credit Documents, or (ii) if such Lender is not a “bank” or other Person described in Section 881(c)(3) of the Internal Revenue Code, a Certificate re Non-Bank Status together with two original copies of Internal
Revenue Service Form W-8BEN (or any successor form), properly completed and duly executed by such Lender, and such other documentation required 

  
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under the Internal Revenue Code and reasonably requested by Borrower to establish that such Lender is not subject to (or is subject to a reduced rate of) deduction or withholding of United States
federal income tax with respect to any payments to such Lender of interest payable under any of the Credit Documents. Each Lender that is a United States person (as such term is defined in Section 7701(a)(30) of the Internal Revenue Code) for
United States federal income tax purposes (a “U.S. Lender”) and is not an exempt recipient within the meaning of Treasury Regulation Section 1.6049-4(c) shall deliver to Administrative Agent for transmission to Borrower on or
prior to the Closing Date (or, if later, on or prior to the date on which such Lender becomes a party to this Agreement) two original copies of Internal Revenue Service Form W-9 (or any successor form), properly completed and duly executed by such
Lender, certifying that such U.S. Lender is entitled to an exemption from United States backup withholding tax, or otherwise prove that it is entitled to such an exemption. Each Lender required to deliver any forms, certificates or other evidence
with respect to United States federal income tax withholding matters pursuant to this Section 2.20(c) hereby agrees, from time to time after the initial delivery by such Lender of such forms, certificates or other evidence, whenever a
lapse in time or change in circumstances renders such forms, certificates or other evidence obsolete or inaccurate in any material respect, that such Lender shall promptly deliver to Administrative Agent for transmission to Borrower two new original
copies of Internal Revenue Service Form W-8BEN, W-8ECI, W-8EXP, W-8IMY and/or W-9 (or, in each case, any successor form), or a Certificate re Non-Bank Status and two original copies of Internal Revenue Service Form W-8BEN (or any successor form), as
the case may be, properly completed and duly executed by such Lender, and such other documentation required under the Internal Revenue Code and reasonably requested by Borrower to confirm or establish that such Lender is not subject to deduction or
withholding of United States federal income tax with respect to payments to such Lender under the Credit Documents, or notify Administrative Agent and Borrower of its inability to deliver any such forms, certificates or other evidence. Borrower
shall not be required to pay any additional amount to any Non-US Lender under Section 2.20(b)(iii) if such Lender shall have failed (1) to deliver the forms, certificates or other evidence required by the first sentence of this
Section 2.20(c) or (2) to notify Administrative Agent and Borrower of its inability to deliver any such forms, certificates or other evidence, as the case may be; provided, if such Lender shall have satisfied the requirements
of the first sentence of this Section 2.20(c) on the Closing Date or on the date of the Assignment Agreement pursuant to which it became a Lender, as applicable, nothing in this last sentence of Section 2.20(c) shall relieve
Borrower of its obligation to pay any additional amounts pursuant this Section 2.20 in the event that, as a result of any change in any applicable law, treaty or governmental rule, regulation or order, or any change in the
interpretation, administration or application thereof, such Lender is no longer properly entitled to deliver forms, certificates or other evidence at a subsequent date establishing the fact that such Lender is not subject to withholding as described
herein. 
 (d) Notwithstanding anything to the contrary, Borrower shall not be required to pay any additional amount pursuant to
Section 2.20(b) with respect to any United States federal withholding tax imposed on any “withholdable payments” payable after December 31, 2012 to a recipient as a result of the failure of such recipient to satisfy the
applicable requirements as set forth in FATCA. 
 (e) Without limiting the provisions of Section 2.20(b), Borrower
shall timely pay all Other Taxes to the relevant Governmental Authorities in accordance with applicable law. Borrower shall deliver to Administrative Agent official receipts or other evidence of such payment reasonably satisfactory to Administrative
Agent in respect of any Other Taxes payable hereunder promptly after payment of such Other Taxes. 
 (f) The Borrower shall
indemnify the Administrative Agent and any Lender for the full amount of Taxes for which additional amounts are required to be paid pursuant to Section 2.20(b) arising in connection with payments made under this Agreement or any other
Credit Document and Other Taxes (including any such Taxes or Other Taxes imposed or asserted on or attributable to amounts payable 

  
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under this Section 2.20) paid by the Administrative Agent or Lender or any of their respective Affiliates and any reasonable expenses arising therefrom or with respect thereto,
whether or not such Taxes or Other Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to such Credit Party shall be conclusive absent
manifest error. Such payment shall be due within thirty (30) days of such Credit Party’s receipt of such certificate. 

2.21. Obligation to Mitigate. Each Lender agrees that, as promptly as practicable after the officer of such Lender responsible for
administering its Loans becomes aware of the occurrence of an event or the existence of a condition that would cause such Lender to become an Affected Lender or that would entitle such Lender to receive payments under Section 2.18,
2.19 or 2.20, it will, to the extent not inconsistent with the internal policies of such Lender and any applicable legal or regulatory restrictions, use reasonable efforts to (a) make, issue, fund or maintain its Credit
Extensions, including any Affected Loans, through another office of such Lender, or (b) take such other measures as such Lender may deem reasonable, if as a result thereof the circumstances which would cause such Lender to be an Affected Lender
would cease to exist or the additional amounts which would otherwise be required to be paid to such Lender pursuant to Section 2.18, 2.19 or 2.20 would be materially reduced and if, as determined by such Lender in its sole
discretion, the making, issuing, funding or maintaining of such Loans through such other office or in accordance with such other measures, as the case may be, (i) would not otherwise adversely affect such Loans or the interests of such Lender
and (ii) would not cause the Lender to disclose any information such Lender, in its sole discretion, deems confidential; provided, such Lender will not be obligated to utilize such other office pursuant to this Section 2.21
unless Borrower agrees to pay all incremental expenses incurred by such Lender as a result of utilizing such other office as described above. A certificate as to the amount of any such expenses payable by Borrower pursuant to this
Section 2.21 (setting forth in reasonable detail the basis for requesting such amount) submitted by such Lender to Borrower (with a copy to Administrative Agent) shall be conclusive absent manifest error. 

2.22. Defaulting Lenders. Anything contained herein to the contrary notwithstanding, in the event that any Lender becomes a
Defaulting Lender, then during any Default Period with respect to such Defaulting Lender, such Defaulting Lender shall be deemed not to be a “Lender” for purposes of any amendment, waiver or consent with respect to any provision of the
Credit Documents that requires the approval of Requisite Lenders. During any Default Period with respect to a Funds Defaulting Lender that is not also an Insolvency Defaulting Lender, (a) any amounts that would otherwise be payable to such
Funds Defaulting Lender with respect to its Loans and Commitments under the Credit Documents (including, without limitation, voluntary and mandatory prepayments and fees) may, in lieu of being distributed to such Funds Defaulting Lender, at the
written direction of Borrower to Administrative Agent, be retained by Administrative Agent and applied in the following order of priority: first, to the payment any amounts owing by such Funds Defaulting Lender to Administrative Agent and to
collateralize indemnification and reimbursement obligations of such Funds Defaulting Lender in an amount reasonably determined by Administrative Agent, and second, to the payment of the Loans of other Lenders (but not to the Loans of such
Funds Defaulting Lender) as if such Funds Defaulting Lender had funded all Defaulted Loans of such Funds Defaulting Lender; and (b) the aggregate amount of Commitments as at any date of determination shall be calculated as if such Defaulting
Lender had funded all Defaulted Loans of such Defaulting Lender. During any Default Period with respect to an Insolvency Defaulting Lender, any amounts that would otherwise be payable to such Insolvency Defaulting Lender under the Credit Documents
(including, without limitation, voluntary and mandatory prepayments and fees) may, in lieu of being distributed to such Insolvency Defaulting Lender, at the written direction of Borrower to Administrative Agent to the extent permitted under
applicable law, be retained by Administrative Agent to collateralize indemnification and reimbursement obligations of such Insolvency Defaulting Lender in 

  
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an amount reasonably determined by Administrative Agent. No Commitment of any Lender shall be increased or otherwise affected, and, except as otherwise expressly provided in this
Section 2.22, performance by Borrower of its obligations hereunder and the other Credit Documents shall not be excused or otherwise modified as a result of any Lender becoming a Defaulting Lender or the operation of this
Section 2.22. The rights and remedies against a Defaulting Lender under this Section 2.22 are in addition to other rights and remedies which Borrower may have against such Defaulting Lender as a result of it becoming a
Defaulting Lender and which Administrative Agent or any Lender may have against such Defaulting Lender with respect thereto. Administrative Agent shall not be required to ascertain or inquire as to the existence of any Funds Defaulting Lender or
Insolvency Defaulting Lender. 
 2.23. Removal or Replacement of a Lender. Anything contained herein to the contrary
notwithstanding, in the event that: (a) (i) any Lender (an “Increased-Cost Lender”) shall give notice to Borrower that such Lender is an Affected Lender or that such Lender is entitled to receive payments under Section
2.18, 2.19 or 2.20, (ii) the circumstances which have caused such Lender to be an Affected Lender or which entitle such Lender to receive such payments shall remain in effect, and (iii) such Lender shall fail to withdraw
such notice within five Business Days after Borrower’s request for such withdrawal; or (b) (i) any Lender shall become a Defaulting Lender, (ii) the Default Period for such Defaulting Lender shall remain in effect, and
(iii) such Defaulting Lender shall fail to cure the default as a result of which it has become a Defaulting Lender within five Business Days after Borrower’s request that it cure such default; or (c) in connection with any proposed
amendment, modification, termination, waiver or consent with respect to any of the provisions hereof as contemplated by Section 10.5(b), the consent of Requisite Lenders shall have been obtained but the consent of one or more of such
other Lenders (each a “Non-Consenting Lender”) whose consent is required shall not have been obtained; then, with respect to each such Increased-Cost Lender, Defaulting Lender or Non-Consenting Lender (the “Terminated
Lender”), Borrower may, by giving written notice to Administrative Agent and any Terminated Lender of its election to do so, elect to cause such Terminated Lender (and such Terminated Lender hereby irrevocably agrees) to assign its
outstanding Loans and Commitment, if any, in full to one or more Eligible Assignees (each a “Replacement Lender”) in accordance with the provisions of Section 10.6 and Borrower shall pay the fees, if any, payable
thereunder in connection with any such assignment from an Increased Cost Lender, a Non-Consenting Lender or Insolvency Defaulting Lender, and the Funds Defaulting Lender (if not also an Insolvency Defaulting Lender) shall pay the fees, if any,
payable thereunder in connection with any such assignment from such Defaulting Lender; provided, (1) on the date of such assignment, the Replacement Lender shall pay to Terminated Lender an amount equal to the sum of (A) an amount
equal to the principal of, and all accrued interest on, all outstanding Loans of the Terminated Lender, (B) an amount equal to all unreimbursed drawings that have been funded by such Terminated Lender, together with all then unpaid interest
with respect thereto at such time and (C) an amount equal to all accrued, but theretofore unpaid fees owing to such Terminated Lender pursuant to Section 2.11; (2) on the date of such assignment, Borrower shall pay any amounts
payable to such Terminated Lender pursuant to Section 2.18(c), 2.19 or 2.20; or otherwise as if it were a prepayment (including for purposes of Section 2.11(e)) and (3) in the event such Terminated Lender
is a Non-Consenting Lender, each Replacement Lender shall consent, at the time of such assignment, to each matter in respect of which such Terminated Lender was a Non-Consenting Lender. Upon the prepayment of all amounts owing to any Terminated
Lender and the termination of such Terminated Lender’s Commitment, if any, such Terminated Lender shall no longer constitute a “Lender” for purposes hereof; provided, any rights of such Terminated Lender to indemnification
hereunder shall survive as to such Terminated Lender. Each Lender agrees that if Borrower exercises its option hereunder to cause an assignment by such Lender as a Non-Consenting Lender or Terminated Lender, such Lender shall, promptly after receipt
of written notice of such election, execute and deliver all documentation necessary to effectuate such assignment in accordance with Section 10.6. In the event that a Lender does not comply with the requirements of the immediately
preceding sentence within one Business Day after receipt of such notice, each Lender hereby authorizes and directs 

  
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the Administrative Agent to execute and deliver such documentation as may be required to give effect to an assignment in accordance with Section 10.6 on behalf of a Non-Consenting
Lender or Terminated Lender and any such documentation so executed by the Administrative Agent shall be effective for purposes of documenting an assignment pursuant to Section 10.6. 

2.24. Super Priority Nature of Obligations. If the Chapter 11 Cases have commenced, upon and after entry of the Interim Approval
Order, at all times prior to the Plan Effective Date, all Obligations shall constitute administrative expenses of Credit Parties in the Chapter 11 Cases, with administrative priority under Section 364(c)(1) of the Bankruptcy Code, all as set
forth in, and qualified entirely by, the Interim Approval Order and the Final Approval Order. Except as described in the Interim Approval Order or Final Approval Order, whichever is then in effect, such administrative claim shall have priority over
all other costs and expenses of the kinds specified in, or ordered pursuant to, Sections 105, 326, 328, 330, 331, 503(b), 506(c), 507(a), 507(b), 546(c), 726, 1114 or any other provision of the Bankruptcy Code or otherwise, and shall at all times be
senior to the rights of Credit Parties, the estates of Credit Parties, and any successor trustee or estate representative in the Chapter 11 Cases or any subsequent proceeding or case under the Bankruptcy Code. 

2.25. Payment of Obligations. Upon (i) the maturity (whether by acceleration or otherwise) of any of the Obligations under
this Agreement or any of the other Credit Documents or (ii) the Delayed Draw Termination Date, the Agents and Lenders shall be entitled to immediate payment of such Obligations (other than Unasserted Obligations (excluding Unasserted
Obligations relating to expenses where written demand is prohibited by the automatic stay)) without further application to or order of the Bankruptcy Court. 
 2.26. No Discharge; Survival of Claims. Holdings and Borrower, on behalf of itself and its Subsidiaries, agree that, if the Chapter 11 Cases have commenced, (a) the Obligations hereunder shall
not be discharged by the entry of the Confirmation Order or any other order confirming any plan of reorganization of any or all of Holdings, Borrower and their respective Subsidiaries (and each of Holdings and Borrower, on behalf of itself and its
Subsidiaries, pursuant to Section 1141(d)(4) of the Bankruptcy Code, hereby waives any such discharge), and (b) the super-priority administrative claim granted to the Agents and Lenders pursuant to the Interim Approval Order and Final
Approval Order and described therein shall not be affected in any manner by the entry of the Confirmation Order or any other order confirming any plan of reorganization of any or all of Holdings, Borrower and their respective Subsidiaries.

 SECTION 3. CONDITIONS PRECEDENT 
 3.1. Closing Date. The effectiveness of this Agreement on the Closing Date is subject to the satisfaction, or waiver in accordance with Section 10.5, of the following conditions on or
before the Closing Date: 
 (a) Credit Agreement. Administrative Agent and Arranger shall have received copies of the
Agreement executed and delivered by each applicable Credit Party. 
 (b) Organizational Documents; Incumbency.
Administrative Agent and Arranger shall have received, in respect of each Credit Party, (i) copies of each Organizational Document, and, to the extent applicable, certified as of the Closing Date or a recent date prior thereto by the
appropriate 

  
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Governmental Authority; (ii) signature and incumbency certificates of the officers of such Credit Party; (iii) resolutions of the board of directors or similar governing body of such
Credit Party approving and authorizing the execution, delivery and performance of this Agreement and the other Credit Documents to which it is a party or by which it or its assets may be bound as of the Closing Date, certified as of the Closing Date
by its secretary or an assistant secretary or any senior officer of such Credit Party with similar responsibility as being in full force and effect without modification or amendment; and (iv) a good standing certificate from the applicable
Governmental Authority of such Credit Party’s jurisdiction of incorporation, organization or formation and in each jurisdiction in which it is qualified as a foreign corporation or other entity to do business, each dated the Closing Date or a
recent date prior thereto. 
 (c) Organizational and Capital Structure. The organizational structure and capital
structure of Holdings and its Subsidiaries shall be as set forth on Schedule 4.2. 
 (d) Exchange Offer
Documentation; Restructuring Support Agreement and Backstop Agreement. Administrative Agent and Arranger shall have received from Borrower copies of all Exchange Offer Documentation (whether drafts or in effect) as of the Closing Date and the
draft Plan of Reorganization, all of which shall be in form and substance satisfactory to Administrative Agent and Arranger, and the Restructuring Support Agreement and the Backstop Agreement shall each be in full force and effect and shall not have
been amended or modified in any manner that is materially adverse to the rights or interests of any or all of the Arranger, Administrative Agent and Lenders (as determined in good faith by the Administrative Agent) (it being acknowledged that the
Restructuring Support Agreement and the Backstop Agreement (without giving effect to any amendments, modifications or supplements) are acceptable to Administrative Agent and Arranger). 

(e) Financial Statements; Projections. Administrative Agent and Arranger shall have received from Holdings (i) the Historical
Financial Statements, (ii) a projected pro forma consolidated balance sheet of Borrower and its Subsidiaries as at the Funding Date (as such date is contemplated on the Closing Date), after giving effect to the related financings (including the
financings contemplated by this Agreement and by the Related Agreements) and the other transactions contemplated by the Credit Documents to occur on or prior to the Funding Date, which pro forma financial statements shall be in form and substance
reasonably satisfactory to Administrative Agent and Arranger, and (iii) the Projections. 
 (f) Opinions of Counsel to
Credit Parties. Agents and Lenders shall have received executed copies of the favorable customary written opinions of Kirkland & Ellis LLP, counsel for Credit Parties (or with respect to matters of Pennsylvania law, Pennsylvania local
counsel), as to matters set forth in Exhibit D-1, dated as of the Closing Date and otherwise in form and substance reasonably satisfactory to Administrative Agent and Arranger (and each Credit Party hereby instructs such counsel to deliver
such opinions to Agents and Lenders). 
 (g) Fees. Borrower shall have paid to each Agent the portion of fees referred to
in Section 2.11 payable on the Closing Date, all expenses payable pursuant to Section 10.2 which have accrued to the Closing Date and for which invoices have been submitted to the Borrower at least two Business Days prior to
the Closing Date and to Goldman Sachs the fees referred to in the Fee Letter which are due and payable as of the Closing Date. 

(h) Closing Date Certificate. Holdings and Borrower shall have delivered to Administrative Agent and Arranger an executed Closing
Date Certificate, together with all attachments thereto. 

  
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 (i) Governmental Authorizations and Consents. Each Credit Party shall have obtained
all Governmental Authorizations and all consents of other Persons, in each case that are necessary in connection with the transactions contemplated by the Credit Documents and each of the foregoing shall be in full force and effect and in form
and substance reasonably satisfactory to Administrative Agent and Arranger. 
 (j) No Litigation. There shall not exist
any action, suit, investigation, litigation, proceeding, hearing or other legal or regulatory developments, pending or threatened in any court or before any arbitrator or Governmental Authority that, in the reasonable opinion of Administrative Agent
and Arranger, singly or in the aggregate, materially impairs the transactions contemplated by the Credit Documents, or that would reasonably be expected to have a Material Adverse Effect. 

(k) PATRIOT Act. At least 5 days prior to the Closing Date (to the extent requested in writing at least 10 days prior to the
Closing Date), the 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 the Uniting and
Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001) the “PATRIOT Act”). 

(l) Representations and Warranties. As of the Closing Date, the representations and warranties contained herein and in the other
Credit Documents executed on the Closing Date shall be true and correct in all material respects on and as of such date to the same extent as though made on and as of that date, except to the extent such representations and warranties specifically
relate to an earlier date, or the Funding Date, and if such representations and warranties relate to an earlier date, they shall have been true and correct in all material respects on and as of such earlier date; provided that, in each case,
such materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof. 
 (m) No Default. As of the Closing Date, no event shall have occurred and be continuing or would result from the execution and delivery of this Agreement that would constitute an Event of Default or
a Default. 
 3.2. Funding Date. The obligation of each Lender to make a Loan on the Funding Date is subject to the
satisfaction, or waiver in accordance with Section 10.5, of the following conditions on or before the Funding Date: 

(a) Restructuring Matters. 
 (i) Bankruptcy Matters. If the Chapter 11 Cases have commenced, then: 
 (A) (x) on or before the forty-fifth (45th) day after the Petition Date, the Bankruptcy Court shall have entered, upon the Approval Motion, on such prior notice as may be reasonably satisfactory to the Administrative Agent, a final order, in
substantially the form of the Interim Approval Order with only such modifications as are satisfactory in form and substance to the Administrative Agent in its sole discretion, that, among other things, on a final basis (i) approves, and
authorizes the Debtors to perform obligations under the Credit Documents solely to the extent such obligations arise prior to the Funding Date and to assume the Engagement Letter and Fee Letter and perform all obligations thereunder,
(ii) approves and authorizes the incurrence and payment by the Debtors of related fees, interest, indemnities and expenses in connection therewith, and (iii) grants the Arranger, the Administrative Agent and the Lenders
(x) superpriority administrative claims with respect to the Obligations arising prior to the Funding Date, and (y) other customary benefits and protections for a financing of this type (the “Final Approval Order”);
(B) the Final Approval Order shall be in full force and effect and shall not have been stayed, reversed or vacated, or, without the prior written consent of the Administrative 

  
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Agent and the Requisite Lenders, otherwise amended or modified in any manner that is materially adverse to the rights or interests of any or all of the Arranger, Administrative Agent and Lenders
(as determined in good faith by the Administrative Agent); and (C) the Bankruptcy Court shall not have entered any order (including any order approving any debtor-in-possession financing or cash collateral arrangement) that conflicts with or is
inconsistent with any of the provisions of the Final Approval Order in any material respect; and 
 (B)
(1) the Bankruptcy Court shall have entered a final order in form and substance reasonably satisfactory to the Administrative Agent (the “Confirmation Order”) confirming the Plan of Reorganization for the Credit Parties that
are debtors in the Chapter 11 Cases; (2) the Confirmation Order shall approve the funding hereunder and all other transactions contemplated hereby, shall be in full force and effect, shall not have been stayed by the Bankruptcy Court or by any
other court having jurisdiction to issue any such stay, and the time to appeal the Confirmation Order to seek review, rehearing or certiorari with respect to the Confirmation Order shall have expired, and shall not have been stayed, reversed or
vacated, or otherwise amended or modified in any manner that is materially adverse to the rights or interests of any or all of the Administrative Agent and Lenders (as determined in good faith by the Administrative Agent) unless the Administrative
Agent and Requisite Lenders have so consented in writing; (3) all documents and agreements relating to the Plan of Reorganization or the consummation thereof (collectively, the “Plan Documents”) shall be in form and substance
consistent with this Agreement and the Restructuring Support Agreement and otherwise reasonably satisfactory to the Administrative Agent, and no provision of the Plan of Reorganization or any Plan Document shall have been waived, amended,
supplemented or otherwise modified in any respect that is materially adverse to the rights and interest of any or all of the Administrative Agent and the Lenders (as determined in good faith by the Administrative Agent); (4) all conditions
precedent to the effectiveness of the Plan of Reorganization (other than (i) the occurrence of the Plan Effective Date and any other conditions that are to be satisfied simultaneously with the occurrence of the Plan Effective Date and
(ii) any other conditions precedent that are waived in accordance with the terms of the Plan of Reorganization and do not materially adversely affect the rights and interest of any or all of the Administrative Agent and the Lenders (as
determined in good faith by the Administrative Agent)) shall have been satisfied, and the Plan of Reorganization shall have, or contemporaneously with the funding of the Term Loans the Plan of Reorganization shall, become effective, and all
transactions contemplated by the Plan of Reorganization to be consummated on the Plan Effective Date of the Plan of Reorganization (other than any transactions that do not materially adversely affect the rights and interest of any or all of the
Administrative Agent and the Lenders (as determined in good faith by the Administrative Agent)) shall have been substantially consummated. 

  
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 (ii) Exchange Offer Matters. If the Borrower shall have obtained the necessary
consents to consummate the Exchange Offer and intends to consummate the Exchange Offer on the Funding Date: 

(A) all Exchange Offer Documentation (to the extent not executed on or prior to the Closing Date or approved by the
Administrative Agent prior to the Funding Date pursuant to Section 3.1(d)) shall be in form and substance consistent with this Agreement and the Restructuring Support Agreement and otherwise reasonably satisfactory to the Administrative
Agent, and no provision of the Exchange Offer Documentation, the Restructuring Support Agreement or the Backstop Agreement, shall have been waived, amended, supplemented or otherwise modified after the Closing Date in any respect that is materially
adverse to the rights and interest of any or all of the Administrative Agent and the Lenders (as determined in good faith by the Administrative Agent); provided that neither a reduction of the Minimum Tender Amount (as defined in the Exchange
Offer Memorandum) by an aggregate principal amount not to exceed the amount set forth on Schedule 3.2(a) (such reduction, a “Permitted Waiver”) nor the payment on account of the Junior Notes described in
Section 6.4(d) will be deemed to be materially adverse to the rights and interest of any or all of the Administrative Agent and the Lenders; and 
 (B) subject to the Permitted Waiver, all conditions precedent to the effectiveness of the Restructuring (other than (i) the occurrence of the Funding Date and any other conditions that are to be
satisfied simultaneously with the occurrence of the Funding Date and (ii) any other conditions precedent that are waived in accordance with the terms of the Exchange Offer Documentation and do not materially adversely affect the rights and
interest of any or all of the Administrative Agent and the Lenders (as determined in good faith by the Administrative Agent)) shall have been satisfied, and the Restructuring shall have, or contemporaneously with the funding of the Term Loans the
Restructuring shall, become effective, and all transactions contemplated by the Exchange Offer Documentation to be consummated on the Funding Date (other than any transactions that do not materially adversely affect the rights and interest of any or
all of the Administrative Agent and the Lenders (as determined in good faith by the Administrative Agent)) shall have been substantially consummated. 
 (b) Receipt and Use of Proceeds of Term Loans, Equity and Revolving Facility. (i) Holdings shall have received net proceeds of the Rights Offering as contemplated by the Restructuring
Documentation (or, if applicable, Parent Holding Company shall have received such net proceeds as contemplated by the Restructuring Documentation and shall have contributed the same in cash to the capital of Holdings or in cash to Holdings in
exchange for Equity Interests of Holdings), the gross amount of which shall be $60,000,000 (the “Equity Proceeds”), and Holdings shall have further contributed the same to the Borrower as cash common Equity Interests or in exchange
for common Equity Interests of Borrower, (ii) the Replacement Revolving Credit Facility, the terms and provisions of which shall be reasonably acceptable to the Administrative Agent, shall have been made available to Holdings and its
Subsidiaries, it being understood and agreed that the terms and provisions of the Replacement Revolving Credit Facility (including all schedules and exhibits thereto), as entered into on the date hereof are acceptable, (iii) simultaneous with
the making of the Loans, the Equity Proceeds, cash on hand and proceeds of the Term Loans will used to repay in full, satisfy and discharge all of the Existing Term Loan Indebtedness other than the Backstop First Lien Indebtedness, which shall be
converted to common Equity Interests of Holdings or, if applicable, Parent Holding Company,, (iv) all commitments relating to the Existing Term Loan Indebtedness have been terminated and all liens or security interests related thereto shall
have been terminated or released; and (e) all of the Senior Subordinated Notes and all of the Backstop First Lien Indebtedness shall have been converted into common Equity Interests of Holdings or, if applicable, Parent Holding Company, subject
to the Permitted Waiver and, so long as the Exchange Offer is consummated, except to the extent not tendered in the Exchange Offer. 

  
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 (c) Credit Documents. Administrative Agent and Arranger shall have received copies of
the Credit Documents (to the extent not previously delivered pursuant to Section 3.1(a)), including a Note for each Lender that shall have requested a Note at least two Business Days prior to the Funding Date, in each case, executed and
delivered by each applicable Credit Party. 
 (d) Related Agreements. To the extent not provided on or prior to the
Funding Date, Administrative Agent and Arranger shall each have received a fully executed or conformed copy of each Related Agreement (subject to applicable confidentiality restrictions with respect to fee arrangements) and any material documents
executed in connection therewith. Each Related Agreement shall be in full force and effect and shall (with respect to each such Related Agreement not delivered to the Administrative Agent or the Arranger prior to the Funding Date) include terms and
provisions reasonably satisfactory to Administrative Agent, and no provision of any Related Agreement shall, subject to the Permitted Waiver, have been modified or waived in any respect determined by Administrative Agent to be adverse to the
interests of the Lenders, in each case without the consent of Administrative Agent, and the transactions contemplated by the Related Agreements to be consummated on the Funding Date shall have been consummated or shall be consummated substantially
concurrently with the funding of the Loans (other than any transactions that do not adversely affect the rights and interest of any or all of the Administrative Agent and the Lenders (as determined in good faith by the Administrative Agent)).

 (e) Existing Revolving Credit Facility. On the Funding Date, Holdings and its Subsidiaries shall have (i) repaid
in full all Indebtedness in existence under the Existing Revolving Credit Facility, (ii) terminated any commitments to lend or make other extensions of credit thereunder, (iii) delivered to Administrative Agent all documents or instruments
necessary to release all Liens securing the Indebtedness in existence under the Existing Revolving Credit Facility or other obligations of Holdings and its Subsidiaries thereunder being repaid on the Funding Date, and (iv) supported the letters
of credit outstanding under the Existing Revolving Credit Facility with letters of credit issued under the Replacement Revolving Credit Agreement, or arranged to have such letters of credit deemed issued under the Replacement Revolving Credit
Agreement, or otherwise made arrangements reasonably satisfactory to Administrative Agent and Arranger with respect to the cancellation of such letters of credit outstanding. 
 (f) Real Estate Assets. In order to create in favor of Collateral Agent, for the benefit of Secured Parties, a valid and, subject to any filing and/or recording referred to herein, perfected First
Priority security interest in the owned Real Estate Assets listed in Schedule 3.2(f), Collateral Agent shall have received from Borrower and each applicable Guarantor: 

(i) fully executed and notarized Mortgages, in proper form for recording in all appropriate places in all applicable
jurisdictions, encumbering each owned Real Estate Asset listed in Schedule 3.2(f) (each, a “Funding Date Mortgaged Property”); 
 (ii) a customary opinion of counsel (which counsel shall be reasonably satisfactory to Collateral Agent) in each state in which a Funding Date Mortgaged Property is located with respect to the
enforceability of the form(s) of Mortgages to be recorded in such state and such other matters as Collateral Agent may reasonably request, in each case in form and substance reasonably satisfactory to Collateral Agent; 

(iii) (a) ALTA mortgagee title insurance policies or unconditional commitments therefor issued by one or more title
companies reasonably satisfactory to Collateral Agent with respect to each Funding Date Mortgaged Property (each, a “Title Policy”), in amounts not less than the fair market value of each Funding Date Mortgaged Property, together
with a title report issued by a title company with respect thereto, dated not more than thirty days prior to the Funding Date and copies of all recorded documents listed as exceptions to title or

  
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otherwise referred to therein, each in form and substance reasonably satisfactory to Collateral Agent and (B) evidence satisfactory to Collateral Agent that such Credit Party has paid to the
title company or to the appropriate governmental authorities all expenses and premiums of the title company and all other sums required in connection with the issuance of each Title Policy and all recording and stamp taxes (including mortgage
recording and intangible taxes) payable in connection with recording the Mortgages for each Funding Date Mortgaged Property in the appropriate real estate records; 

(iv) flood certifications with respect to all Funding Date Mortgaged Properties and evidence of flood insurance with
respect to each Flood Hazard Property that is located in a community that participates in the National Flood Insurance Program, in each case in compliance with any applicable regulations of the Board of Governors, in form and substance reasonably
satisfactory to Collateral Agent; and 
 (v) ALTA surveys of all Funding Date Mortgaged Properties, certified to
Collateral Agent and dated not more than sixty days prior to the Funding Date (or such earlier date that the applicable title company may permit and still provide a survey endorsement to each Title Policy reasonably acceptable to Collateral Agent).

 (g) Personal Property Collateral. In order to create in favor of Collateral Agent, for the benefit of Secured Parties,
a valid, perfected First Priority security interest in the personal property Collateral, each Credit Party shall have delivered to Collateral Agent: 
 (i) subject to the Intercreditor Agreement, evidence satisfactory to Collateral Agent of the compliance by each Credit Party with its obligations under the Pledge and Security Agreement and the other
Collateral Documents (including its obligations to execute and/or deliver UCC financing statements, originals of securities, instruments and chattel paper and any agreements governing deposit and/or securities accounts as provided therein);

 (ii) a completed Collateral Questionnaire dated the Funding Date and executed by an Authorized Officer of each
Credit Party, together with all attachments contemplated thereby; 
 (iii) fully executed and notarized
Intellectual Property Security Agreements, in proper form for filing or recording in the U.S. Patent and Trademark Office and/or the U.S. Copyright Office, as applicable, memorializing and recording the encumbrance of the registered U.S.
Intellectual Property Assets owned by Holdings and its Subsidiaries listed in the schedules to the Pledge and Security Agreement; 
 (iv) evidence that each Credit Party shall have taken or caused to be taken any other action, executed and delivered or caused to be executed and delivered any other agreement, document and instrument
(including any intercompany notes evidencing Indebtedness permitted to be incurred pursuant to Section 6.1(b)) and made or caused to be made any other filing and recording (other than as set forth herein) reasonably required by
Collateral Agent; 
 (v) evidence satisfactory to Collateral Agent that Borrower has retained, at its sole cost
and expense, a service provider acceptable to Collateral Agent for the tracking of all of UCC financing statements of Borrower and the Guarantors and that will provide notification to Collateral Agent of, among other things, the upcoming lapse or
expiration thereof; and 

  
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 (vi) evidence satisfactory to Collateral Agent that, with respect to
Borrower’s and the other Credit Parties’ motor vehicles, all actions have been taken to (A) file (and pay all applicable filings fees therefor) with the relevant domestic Governmental Authorities responsible for recording Liens on the
certificates of title of such motor vehicles in each relevant jurisdiction all necessary applications, (B) take all such other steps as are reasonably required and within such Credit Party’s control, in each case to cause the Lien of the
Collateral Agent on each such motor vehicle to be noted on the certificate of title on each such motor vehicle and (C) obtain and deliver or cause to be delivered to Collateral Agent the originals of such certificates of title with the Liens of
Collateral Agent recorded thereon; provided, however, notwithstanding the foregoing, (1) no actions contemplated in the foregoing clauses (A), (B) or (C) shall be required to be completed with
respect to any motor vehicle during the 60-day period (as such period may be extended by Collateral Agent in its sole discretion) following the Funding Date if the Credit Parties have, prior to the Funding Date, used commercially reasonable efforts
to take such actions but have not been successful, and (2) up to $1,000,000 in aggregate fair market value of motor vehicles owned by the Credit Parties shall be exempt from the foregoing requirements. 

(h) Financial Statements. The Administrative Agent and the Lenders shall have received (i) an audited consolidated balance
sheet, statement of income and statement of cash flows of Borrower for each of the three fiscal years that ended more than 90 days prior to the Funding Date; and (ii) an unaudited consolidated balance sheet, statement of income and statement of
cash flows of Borrower for any Fiscal Quarter (other than fiscal year end) of Holdings ended after the date of the most recent audited financial statements referenced in clause (i) and more than 45 days prior to the Funding Date.

 (i) Fees. Borrower shall have paid to each Agent the portion of the fees referred to in Section 2.11
payable on the Funding Date and all expenses payable pursuant to Section 10.2 which have accrued to the Funding Date and for which invoices have been submitted to the Borrower at least two Business Days prior to the Funding Date.

 (j) Evidence of Insurance. Collateral Agent shall have received a certificate from the applicable Credit Party’s
insurance broker or other evidence reasonably satisfactory to it that all insurance required to be maintained pursuant to Section 5.5 is in full force and effect, together with endorsements naming Collateral Agent, for the benefit of
Secured Parties, as additional insured and loss payee thereunder to the extent required under Section 5.5. 
 (k)
Compliance with Certain Negative Covenants from the Closing Date. Since the Closing Date, no event shall have occurred that would have resulted in the Borrower being in breach of the covenants contained in Sections 6.4, 6.6,
6.8, 6.9, 6.10 and 6.11 as if such covenants were in effect from and after the Closing Date (unless such breach would have subsequently been cured prior to the Funding Date, if such covenants had been in effect).

 (l) Solvency Certificate. On the Funding Date, Administrative Agent and Arranger shall have received an executed
Solvency Certificate in form, scope and substance reasonably satisfactory to Administrative Agent and Arranger, and reasonably demonstrating that, after giving effect to the consummation of Restructuring and any rights of contribution,
indemnification and reimbursement, each Credit Party is and will be Solvent. 
 (m) Letter of Direction. Administrative
Agent shall have received a duly executed letter of direction from Borrower addressed to Administrative Agent, on behalf of itself and Lenders, directing the disbursement on the Funding Date of the proceeds of the Loans made on such date.

  
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 (n) Funding Notice. Administrative Agent shall have received a fully executed and
delivered Funding Notice. 
 (o) Representations and Warranties. As of the Funding Date, the representations and
warranties contained herein and in the other Credit Documents shall be true and correct in all material respects on and as of such date to the same extent as though made on and as of that date, except to the extent such representations and
warranties specifically relate to an earlier date, in which case such representations and warranties shall have been true and correct in all material respects on and as of such earlier date; provided that, in each case, such materiality
qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof. 
 (p) No Default. As of the Funding Date, no event shall have occurred and be continuing or would result from the consummation of the Credit Extension that would constitute an Event of Default or a
Default. 
 (q) No Indebtedness. On the Funding Date and after giving effect to the consummation of the Restructuring,
(i) Holdings and its Subsidiaries shall have no Indebtedness or preferred Equity Interests issued or outstanding other than the Replacement Revolving Credit Facility, the Term Loans and Indebtedness permitted under Section 6.1
hereof, and (ii) except for Liens in favor of the Replacement Revolving Credit Facility Agent under the Revolving Facility, Liens securing the Obligations and other Liens permitted under Section 6.2 hereof, all Liens or security
interests securing any Indebtedness of any of the Credit Parties outstanding prior to the Funding Date shall have been terminated or released, in each case on terms reasonably acceptable to the Administrative Agent. 

(r) Maximum Leverage Ratio. On the Funding Date, the ratio of (i) Consolidated Total Debt as of the Funding Date after giving
effect to the transactions contemplated by the applicable Restructuring Documentation (including repayment of the Indebtedness described in Section 3.2(b)) to (ii) Consolidated Adjusted EBITDA for the latest twelve-month period
ending not less than 45 days prior to the Funding Date, calculated on a pro forma basis in accordance with Section 6.7(d), shall not be greater than 4.50:1.00. Notwithstanding the foregoing, solely for purposes of determining whether the
Borrower has satisfied the foregoing condition, any Permitted Additional Equity contribution made to the Borrower within 5 Business Days prior to the Funding Date will, at the request of the Borrower, be included in the calculation of Consolidated
Adjusted EBITDA; provided that (A) the amount of such Permitted Additional Equity contribution and the use of proceeds therefrom will be disregarded for all other purposes under the Credit Documents (including calculating Consolidated
Adjusted EBITDA for purposes of determining basket levels and all other items governed by reference to Consolidated Adjusted EBITDA); (B) the amount of such Permitted Additional Equity contribution shall be no greater than the amount required
to cause Borrower to be in compliance with the foregoing condition; and (C)(1) the aggregate Commitments of the Lenders shall be reduced by an amount equal to such Permitted Additional Equity contribution and (2) each Lender’s Commitment
shall be reduced by its Pro Rata Share (calculated immediately prior to giving effect to such Permitted Additional Equity contribution) of such Permitted Additional Equity contribution. 

(s) Minimum Liquidity. On the Funding Date, the sum of (a) the lesser of (i) the aggregate commitments under the
Replacement Revolving Credit Facility at such time and (ii) the borrowing base under the Replacement Revolving Credit Facility, in each case, less (A) any availability blocks beyond which the Borrower would be unable to borrow and
any reserves imposed under the Replacement Revolving Credit Facility and (B) any outstanding revolving loans and letter of credit obligations under the Replacement Revolving Credit Facility, plus (b) the aggregate amount of
unrestricted cash and Cash Equivalents included in the consolidated balance sheet of Borrower and its wholly-owned Subsidiaries to the extent that the declaration or payment of dividends or similar

  
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distributions by any Subsidiary is at the time not prohibited by operation of law, the terms of its charter or any Contractual Obligations or otherwise that, in each case, are free and clear of
all Liens (other than Liens in favor of the Administrative Agent or the Replacement Revolving Credit Facility Agent and Liens permitted by Section 6.2(b) or 6.2(c)) (collectively, the “Minimum Liquidity”) shall equal or exceed
$40,000,000 (less the amount of any holdback (in any event not exceeding $8,000,000) imposed on funds included in the calculation of such cash and Cash Equivalents, to the extent such holdback is imposed by depository banks of Borrower and its
Subsidiaries pursuant to existing agreements between such depository bank and the Borrower and/or its Subsidiaries or by reason of moneys not yet collected by such depository bank on checks then reflected in the balances of the relevant deposit
accounts) after giving effect to any payments required in connection with the consummation of the Restructuring. 
 (t)
Opinions of Counsel. Agents and Lenders shall have received executed copies of the favorable customary written opinions of Kirkland & Ellis LLP, counsel for Credit Parties (or with respect to matters of Pennsylvania law, Pennsylvania
local counsel), with respect to the matters set forth on Exhibit D-2, dated as of the Funding Date and otherwise in form and substance reasonably satisfactory to Administrative Agent (and each Credit Party hereby instructs such counsel to
deliver such opinions to Agents and Lenders). 
 (u) Organizational Documents; Incumbency. Administrative Agent and
Arranger shall have received, in respect of each Credit Party, (i) copies of each Organizational Document, and, to the extent applicable, certified as of the Funding Date or a recent date prior thereto by the appropriate Governmental Authority;
(ii) signature and incumbency certificates of the officers of such Credit Party; (iii) resolutions of the Board of Directors or similar governing body of such Credit Party approving and authorizing the execution, delivery and performance
of this Agreement and the other Credit Documents to which it is a party or by which it or its assets may be bound as of the Funding Date, certified as of the Funding Date by its secretary or an assistant secretary as being in full force and effect
without modification or amendment; and (iv) a good standing certificate from the applicable Governmental Authority of such Credit Party’s jurisdiction of incorporation, organization or formation and in each jurisdiction in which it is
qualified as a foreign corporation or other entity to do business, each dated the Funding Date or a recent date prior thereto. 

3.3. Notices. Any Notice required to be delivered under this Article 3 shall be executed by an Authorized Officer in a
writing delivered to Administrative Agent. In lieu of delivering a Notice, Borrower may give Administrative Agent telephonic notice by the required time of any proposed borrowing or conversion/continuation, as the case may be; provided each
such notice shall be promptly confirmed in writing by delivery of the applicable Notice to Administrative Agent on or before the close of business on the date that the telephonic notice is given. In the event of a discrepancy between the telephone
notice and the written Notice, the written Notice shall govern. In the case of any Notice that is irrevocable once given, if Borrower provides telephonic notice in lieu thereof, such telephone notice shall also be irrevocable once given. Neither
Administrative Agent nor any Lender shall incur any liability to Borrower in acting upon any telephonic notice referred to above that Administrative Agent believes in good faith to have been given by a duly authorized officer or other person
authorized on behalf of Borrower or for otherwise acting in good faith. 
 SECTION 4. REPRESENTATIONS AND WARRANTIES

 In order to induce Agents and Lenders to enter into this Agreement and to make the Term Loans to be made thereby, each
Credit Party represents and warrants to each Agent and Lender, on the Closing 

  
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Date and on the Funding Date, that the following statements are true and correct (it being understood and agreed that the representations and warranties made on the Funding Date are deemed to be
made concurrently with the consummation of the Restructuring): 
 4.1. Organization; Requisite Power and Authority;
Qualification. Each of Holdings and its Subsidiaries (a) is duly organized, validly existing and in good standing under the laws of its jurisdiction of organization as identified in Schedule 4.1, (b) has all requisite power
and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Credit Documents to which it is a party (if the Chapter 11 Cases have commenced, upon entry by the
Bankruptcy Court of the Interim Approval Order) and to carry out the transactions contemplated thereby, and (c) is qualified to do business and in good standing (or, with respect to Foreign Subsidiaries, to the extent such concept is applicable
in the relevant jurisdiction) in every jurisdiction where its assets are located and wherever necessary to carry out its business and operations, except in jurisdictions where the failure to be so qualified or in good standing has not had, and would
not be reasonably expected to have, a Material Adverse Effect. 
 4.2. Equity Interests and Ownership. The Equity
Interests of each of Holdings and its Subsidiaries has been duly authorized and validly issued and is fully paid and non-assessable. Except as set forth on Schedule 4.2, as of the date hereof, there is no existing option, warrant, call,
right, commitment or other agreement to which Holdings or any of its Subsidiaries is a party requiring, and there is no membership interest or other Equity Interests of Holdings or any of its Subsidiaries outstanding which upon conversion or
exchange would require, the issuance by Holdings or any of its Subsidiaries of any additional membership interests or other Equity Interests of Holdings or any of its Subsidiaries or other Securities convertible into, exchangeable for or evidencing
the right to subscribe for or purchase, a membership interest or other Equity Interests of Holdings or any of its Subsidiaries. Schedule 4.2 correctly sets forth the ownership interest of Holdings and each of its Subsidiaries in their
respective Subsidiaries as of the Closing Date and, subject to transactions permitted by Section 6.8, the Funding Date. 
 4.3. Due Authorization. (a) On the Closing Date (upon the entry by the Bankruptcy Court of the Interim Approval Order, if the Chapter 11 Cases have commenced), the execution,
delivery and performance of the Credit Documents have been duly authorized by all necessary action on the part of each Credit Party that is a party thereto, and (b) on the Funding Date (upon the entry by the Bankruptcy Court of the Confirmation
Order, if the Chapter 11 Cases have commenced), the execution, delivery and performance of the Credit Documents entered into on such date have been duly authorized by all necessary action on the part of each Credit Party that is a party thereto.

 4.4. No Conflict. (a) On the Closing Date (subject to entry by the Bankruptcy Court of the Interim Approval
Order, if the Chapter 11 Cases have commenced), and (b) on the Funding Date (upon entry by the Bankruptcy Court of the Confirmation Order, if the Chapter 11 Cases have commenced), in each case, the execution, delivery and performance by Credit
Parties of the Credit Documents entered into on such date to which they are parties and the consummation of the transactions contemplated by the Credit Documents do not and will not (i) violate (A) any provision of any law or any
governmental rule or regulation applicable to Holdings or any of its Subsidiaries, (B) any of the Organizational Documents of Holdings or any of its Subsidiaries, or (C) any order, judgment or decree of any court or other agency of
government binding on Holdings or any of its Subsidiaries; (ii) conflict with, result in a breach of or constitute (with due notice or lapse of time or both) a default under any Contractual Obligation of Holdings or any of its Subsidiaries,
except, in the cause of this clause (ii), to the extent that such breach or default would not reasonably be expected to have a Material Adverse Effect; (iii) result in or require the 

  
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creation or imposition of any Lien upon any of the properties or assets of Holdings or any of its Subsidiaries (other than any Liens created under any of the Credit Documents in favor of
Collateral Agent, on behalf of the Secured Parties, and the Revolving Collateral Facility Liens); or (iv) require (A) any approval of stockholders, members or partners or (B) any approval or consent of any Person under any Contractual
Obligation of Holdings or any of its Subsidiaries, except for such approvals or consents which will be obtained on or before the Closing Date or Funding Date, as applicable, and disclosed in writing to Lenders or, in the case of clause (B),
the failure of which to obtain would not reasonably be expected to have a Material Adverse Effect. 
 4.5. Governmental
Consents. (a) On the Closing Date (subject to entry by the Bankruptcy Court of the Interim Approval Order, if the Chapter 11 Cases have commenced), and (b) on the Funding Date (upon entry by the Bankruptcy Court of the Confirmation
Order, if the Chapter 11 Cases have commenced), in each case, the execution, delivery and performance by Credit Parties of the Credit Documents entered into on such date and to which they are parties and the consummation of the transactions
contemplated by the Credit Documents do not and will not require any registration with, consent or approval of, or notice to, or other action to, with or by, any Governmental Authority, except, if the Chapter 11 Cases have commenced, for entry by
the Bankruptcy Court of the Interim Approval Order and except for filings and recordings with respect to the Collateral to be made, or otherwise delivered to Collateral Agent for filing and/or recordation, as of the Funding Date. 

4.6. Binding Obligation. (a) On the Closing Date (upon entry by the Bankruptcy Court of the Interim Approval Order, if the
Chapter 11 Cases have commenced), and (b) on the Plan Effective Date (upon entry by the Bankruptcy Court of the Confirmation Order, if the Chapter 11 Cases have commenced), in each case, each applicable Credit Document has been duly executed
and delivered by each Credit Party that is a party thereto and is the legally valid and binding obligation of such Credit Party, enforceable against such Credit Party in accordance with its respective terms, except as may be limited by bankruptcy,
insolvency, reorganization, moratorium or similar laws relating to or limiting creditors’ rights generally or by equitable principles relating to enforceability. 
 4.7. Historical Financial Statements. The Historical Financial Statements were prepared in conformity with GAAP and fairly present, in all material respects, the financial position, on a
consolidated basis, of the Persons described in such financial statements as at the respective dates thereof and the results of operations and cash flows, on a consolidated basis, of the entities described therein for each of the periods then ended,
subject, in the case of any such unaudited financial statements, to changes resulting from audit and normal year-end adjustments. As of the Closing Date and the Funding Date, neither Holdings nor any of its Subsidiaries has any contingent liability
or liability for Taxes, long-term lease or unusual forward or long-term commitment that is not reflected in the Historical Financial Statements or the notes thereto and which in any such case is material in relation to the business, operations,
properties, assets, condition (financial or otherwise) or prospects of Holdings and any of its Subsidiaries taken as a whole and, if the Chapter 11 Cases have commenced, not reflected in the Plan of Reorganization or as otherwise permitted by this
Agreement. 
 4.8. Projections. On and as of the Closing Date, the projections of Holdings and its Subsidiaries for the
period of Fiscal Year 2011 through and including Fiscal Year 2014 (the “Projections”) are based on good faith estimates and assumptions made by the management of Holdings; provided, the Projections are not to be viewed as
facts and that actual results during the period or periods covered by the Projections may differ from such Projections and that the differences may be material; provided, further, as of the Closing Date, management of Holdings believed
that the Projections were reasonable and attainable. 

  
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 4.9. No Material Adverse Effect. Since December 31, 2009, other than
disclosures and information contained in the unaudited financial statements of Holdings and its Subsidiaries for the period ending October 2, 2010, no event, circumstance or change has occurred that has caused or evidences, or could reasonably
be expected to result in, either in any case or in the aggregate, a Material Adverse Effect. 
 4.10. No Restricted Junior
Payments. Since October 2, 2010, except as contemplated by the Plan of Reorganization, neither Holdings nor any of its Subsidiaries has directly or indirectly declared, ordered, paid or made, or set apart any sum or property for, any
Restricted Junior Payment or agreed to do so except as permitted pursuant to the Existing Term Loan Agreement (for periods from October 2, 2010 to the Petition Date, if the Chapter 11 Cases have commenced) or Section 6.4 (for
periods on and after the Funding Date). 
 4.11. Adverse Proceedings, Etc. Except for the Chapter 11 Cases, there are no
Adverse Proceedings, individually or in the aggregate, that would reasonably be expected to have a Material Adverse Effect. Neither Holdings nor any of its Subsidiaries (a) is in violation of any applicable laws that, individually or in the
aggregate, would reasonably be expected to have a Material Adverse Effect, or (b) is subject to or in default with respect to any final judgments, writs, injunctions, decrees, rules or regulations of any court or any federal, state, municipal
or other governmental department, commission, board, bureau, agency or instrumentality, domestic or foreign, that, individually or in the aggregate, would reasonably be expected to have a Material Adverse Effect. 

4.12. Payment of Taxes. Except as otherwise permitted under Section 5.3, all Tax returns and reports of Holdings and
its Subsidiaries required to be filed by any of them have been timely filed, and all Taxes shown on such tax returns to be due and payable and all assessments, fees and other governmental charges upon Holdings and its Subsidiaries and upon their
respective properties, assets, income, businesses and franchises which are due and payable have been paid when due and payable except to the extent such tax, assessment, fee or charge is being actively contested by Holding or such Subsidiary in good
faith and by appropriate proceedings; provided that such reserves or other appropriate provisions, if any, as shall be required in conformity with GAAP shall have been made or provided therefor. Holdings knows of no proposed Tax assessment
against Holdings or any of its Subsidiaries that, if made, would have a Material Adverse Effect, which is not being actively contested by Holdings or such Subsidiary in good faith and by appropriate proceedings; provided that such reserves or
other appropriate provisions, if any, as shall be required in conformity with GAAP shall have been made or provided therefor. 

4.13. Properties. 
 (a) Title. Each of Holdings and its Subsidiaries has (i) good, sufficient and legal title to (in the case of fee interests in real property), (ii) valid leasehold interests in (in the
case of leasehold interests in real or personal property), (iii) valid licensed rights in or, to each of Holdings’ and its Subsidiaries’ knowledge, other rights to use (in the case of Intellectual Property not owned by Holdings or any
of its Subsidiaries) and (iv) good title to (in the case of all other personal property), all of their respective properties and assets reflected in their respective Historical Financial Statements referred to in Section 4.7 and in
the most recent financial statements delivered pursuant to Section 5.1, in each case except for assets disposed of since the date of such financial statements in the ordinary course of business 

  
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or as otherwise permitted under Section 6.8. All such properties and assets are free and clear of Liens except for Permitted Liens and, prior to the Funding Date, any Liens permitted
under the Existing Revolving Credit Agreement and the Existing Term Loan Agreement. 
 (b) Real Estate. As of the Closing
Date, Schedule 4.13 contains a true, accurate and complete list of (i) all Real Estate Assets, and (ii) all leases, subleases or assignments of leases (together with all amendments, modifications, supplements, renewals or
extensions of any thereof) with respect to each Real Estate Asset of any Credit Party, regardless of whether such Credit Party is the landlord or tenant (whether directly or as an assignee or successor in interest) under such lease, sublease or
assignment. Each agreement listed in clause (ii) of the immediately preceding sentence is in full force and effect and Holdings does not have knowledge of any default that has occurred and is continuing thereunder, and each such
agreement constitutes the legally valid and binding obligation of each applicable Credit Party, enforceable against such Credit Party in accordance with its terms, except as enforcement may be limited by bankruptcy, insolvency, reorganization,
moratorium or similar laws relating to or limiting creditors’ rights generally or by equitable principles and except to the extent any failure of any such agreement to be in full force and effect would not reasonably be expected to have a
Material Adverse Effect. 
 4.14. Environmental Matters. Except as disclosed on Schedule 4.14: (a) neither
Holdings nor any of its Subsidiaries nor any of their respective Facilities or operations are subject to any outstanding written order, consent decree or settlement agreement with any Person relating to any Environmental Law, any Environmental
Claim, or any Hazardous Materials Activity that, individually or in the aggregate, would reasonably be expected to have a Material Adverse Effect; (b) neither Holdings nor any of its Subsidiaries has received any letter or request for
information under Section 104 of the Comprehensive Environmental Response, Compensation, and Liability Act (42 U.S.C. § 9604) or any comparable state law, that would reasonably be expected to have a Material Adverse Effect;
(c) there are and, to each of Holdings’ and its Subsidiaries’ knowledge, have been, no conditions, occurrences, or Hazardous Materials Activities which would reasonably be expected to form the basis of an Environmental Claim against
Holdings or any of its Subsidiaries that, individually or in the aggregate, would reasonably be expected to have a Material Adverse Effect; (d) neither Holdings nor any of its Subsidiaries nor, to any Credit Party’s knowledge, any
predecessor of Holdings or any of its Subsidiaries has filed any notice under any Environmental Law indicating past or present treatment of Hazardous Materials at any Facility, and none of Holdings’ or any of its Subsidiaries’ operations
involves the transportation, treatment, storage or disposal of hazardous waste, as defined under 40 C.F.R. Parts 260-270 or any state equivalent, in each case, that would reasonably be expected to have a Material Adverse Effect; (e) Holdings
and each of its Subsidiaries are in compliance with all Environmental Laws except as would not be reasonably expected to have, individually or in the aggregate, a Material Adverse Effect; and (f) no event or condition has occurred or is
occurring with respect to Holdings or any of its Subsidiaries relating to any Environmental Law, any Release of Hazardous Materials, or any Hazardous Materials Activity which individually or in the aggregate has had, or would reasonably be expected
to have, a Material Adverse Effect. This Section 4.14 is Holdings’ sole and exclusive representation with respect to any environmental, health or safety matters, including any arising under any Environmental Laws or relating to any
Hazardous Materials, Environmental Claims or Hazardous Materials Activity. 
 4.15. No Defaults. Neither Holdings nor any
of its Subsidiaries is in default in the performance, observance or fulfillment of any of the obligations, covenants or conditions contained in any of its material Contractual Obligations other than, if the Chapter 11 Cases are filed, as a result of
the filing of the Chapter 11 Cases (and any payment default directly related to such filing), and no condition exists which, with the giving of notice or the lapse of time or both, would constitute such a default, except where the consequences,
direct or indirect, of such default or defaults, if any, would not reasonably be expected to have a Material Adverse Effect. 

  
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 4.16. Material Contracts. Schedule 4.16 contains a true, correct and
complete list of all the Material Contracts in effect on the Closing Date, and except as described thereon, all such Material Contracts are in full force and effect and no material defaults (other than those occurring on the Petition Date as a
result of the filing of the Chapter 11 Cases, if the Chapter 11 Cases have commenced (and any payment default directly related to such filing)) currently exist thereunder as of the Closing Date or the Funding Date. 

4.17. Governmental Regulation. Neither Holdings nor any of its Subsidiaries is subject to regulation under the Federal Power Act
or the Investment Company Act of 1940 or under any other federal or state statute or regulation which may limit its ability to incur Indebtedness or which may otherwise render all or any portion of the Obligations unenforceable. Neither Holdings nor
any of its Subsidiaries is a “registered investment company” or a company “controlled” by a “registered investment company” or a “principal underwriter” of a “registered investment company” as such
terms are defined in the Investment Company Act of 1940. 
 4.18. Margin Stock. Neither Holdings nor any of its
Subsidiaries owns any Margin Stock. 
 4.19. Employee Matters. Neither Holdings nor any of its Subsidiaries is engaged in
any unfair labor practice that would reasonably be expected to have a Material Adverse Effect. There is (a) no unfair labor practice complaint pending against Holdings or any of its Subsidiaries, or to the knowledge of Holdings and Borrower,
threatened against any of them before the National Labor Relations Board and no grievance or arbitration proceeding arising out of or under any collective bargaining agreement that is so pending against Holdings or any of its Subsidiaries or to the
best knowledge of Holdings and Borrower, threatened against any of them, (b) no strike or work stoppage in existence or, to the knowledge of Holdings and Borrower, threatened involving Holdings or any of its Subsidiaries, and (c) to the
knowledge of Holdings and Borrower, no union representation question existing with respect to the employees of Holdings or any of its Subsidiaries and, to the knowledge of Holdings and Borrower, no union organization activity that is taking place,
except (with respect to any matter specified in clause (a), (b) or (c) above, either individually or in the aggregate) such as is not reasonably likely to have a Material Adverse Effect. 

4.20. Employee Benefit Plans. Except as would not reasonably be expected to have a Material Adverse Effect, Holdings, each of its
Subsidiaries and, with respect to a Pension Plan, each of their respective ERISA Affiliates, are in compliance with all applicable provisions and requirements of ERISA and the Internal Revenue Code and the regulations and published interpretations
thereunder with respect to each Employee Benefit Plan, and have performed all their obligations under each Employee Benefit Plan. Each Employee Benefit Plan which is intended to qualify under Section 401(a) of the Internal Revenue Code has
either received a favorable determination letter from the Internal Revenue Service indicating that such Employee Benefit Plan is so qualified or may rely on a favorable opinion letter issued by the Internal Revenue Service and, to the knowledge of
Holdings and each of its Subsidiaries, nothing has occurred subsequent to the issuance of such determination letter which would cause such Employee Benefit Plan to lose its qualified status. Except for any liability which is in effect immediately
prior to or arises during the Chapter 11 Cases, if the Chapter 11 Cases have commenced, and which is discharged in the Chapter 11 Cases, no material liability to the PBGC (other than required premium payments and required minimum funding
contributions), the Internal Revenue Service, any Employee Benefit Plan or any trust established under Title IV of ERISA has been or is expected to be incurred by Holdings, any of its Subsidiaries or any of 

  
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their ERISA Affiliates. Except for any event which arises due to or during the Chapter 11 Cases, if the Chapter 11 Cases have commenced, which is discharged in the Chapter 11 Cases, no ERISA
Event has occurred or is reasonably expected to occur. No Multiemployer Plan is in critical or endangered status, as defined in Section 432 of the Internal Revenue Code. 
 4.21. Certain Fees. No broker’s or finder’s fee or commission will be payable with respect to the transactions contemplated by the Related Agreements, except as payable to Agents and
Lenders. 
 4.22. Solvency. On the Funding Date (after giving effect to the consummation of the Restructuring, the making
of the Term Loan and any rights of contribution, indemnification and reimbursement, each Credit Party is Solvent. 
 4.23.
Related Agreements. Holdings and Borrower have delivered to Administrative Agent and Syndication Agent complete and correct copies of (i) each Related Agreement and of all exhibits and schedules thereto as of the Closing Date and the
Funding Date and (ii) copies of any material amendment, restatement, supplement or other modification to or waiver of each Related Agreement entered into after the Closing Date. 

4.24. Compliance with Statutes, Etc. Each of Holdings and its Subsidiaries is in compliance with all applicable statutes,
regulations and orders of, and all applicable restrictions imposed by, all Governmental Authorities, in respect of the conduct of its business and the ownership of its property, except such non-compliance that, individually or in the aggregate,
would not reasonably be expected to result in a Material Adverse Effect. 
 4.25. Disclosure. No representation or
warranty of any Credit Party contained in any Credit Document or in any other documents, certificates or written statements furnished to any Agent or Lender by or on behalf of Holdings or any of its Subsidiaries for use in connection with the
transactions contemplated hereby contains, when taken as a whole with all such representations and warranties at the time made, any untrue statement of a material fact or omits to state a material fact (known to Holdings or Borrower, in the case of
any document not furnished by either of them) necessary in order to make the statements contained herein or therein, when taken as a whole with all such representations and warranties at the time made, not misleading in light of the circumstances in
which the same were made. Any projections and pro forma financial information contained in such materials are based upon good faith estimates and assumptions believed by Holdings or Borrower to be reasonable at the time made, it being recognized by
Lenders that such projections as to future events are not to be viewed as facts and are subject to significant uncertainties and contingencies which are beyond the Borrower’s control, such projections are not a guarantee of financial
performance and that actual results during the period or periods covered by any such projections may differ from the projected results, and such differences may be material. 
 4.26. Reorganization Matters; Secured, Super-Priority Obligations. If the Chapter 11 Cases have commenced, on and after the Petition Date and until the Plan Effective Date: 

(a) The Chapter 11 Cases were commenced on the Petition Date in accordance with applicable law and proper notice has been given of
(x) the motion seeking approval of the Credit Documents and the Interim Approval Order and Final Approval Order, (y) the hearing for the approval of the Interim Approval Order, and (z) promptly after the scheduling thereof, the
hearing for the approval of the Final Approval Order. 

  
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 (b) Pursuant to clause (c)(1) of Section 364 of the Bankruptcy Code, the Interim
Approval Order and the Final Approval Order, all Obligations and all other obligations of the Credit Parties under the Credit Documents at all times shall constitute allowed super-priority administrative expense claims in the Chapter 11 Cases having
priority over all other costs and expenses of the kinds specified in, or ordered pursuant to, Sections 105, 326, 328, 330, 331, 503(b), 506(c), 507(a), 507(b), 546(c), 726, 1114 or any other provision of the Bankruptcy Code or otherwise (except as
described in the Interim Approval Order or the Final Approval Order, whichever is then in effect), and shall at all times be senior to the rights of Credit Parties, the estates of Credit Parties (subject to the carveout set forth in the Interim
Approval Order or the Final Approval Order, whichever is then in effect), and any successor trustee or estate representative in the Chapter 11 Cases or any subsequent proceeding or case under the Bankruptcy Code. 

(c) The Interim Approval Order (with respect to the period prior to entry of the Final Approval Order) or the Final Approval Order (with
respect to the period on and after entry of the Final Approval Order), as the case may be, and the transactions contemplated hereby and thereby, are in full force and effect and have not been (in a manner that is adverse to the Arranger, the
Administrative Agent or the Lenders as determined in good faith by the Administrative Agent) vacated, reversed, modified, amended or stayed without the prior written consent of Administrative Agent and Requisite Lenders. 

4.27. PATRIOT Act. To the extent applicable, each Credit Party is in compliance, in all material respects, with (i) the
Trading with the Enemy Act, as amended, and each of the foreign assets control regulations of the United States Treasury Department (31 CFR, Subtitle B, Chapter V, as amended) and any other enabling legislation or executive order relating thereto,
and (ii) the PATRIOT Act. No part of the proceeds of the Loans will be used, directly or indirectly, for any payments to any governmental official or employee, political party, official of a political party, candidate for political office, or
anyone else acting in an official capacity, in order to obtain, retain or direct business or obtain any improper advantage, in violation of the United States Foreign Corrupt Practices Act of 1977, as amended. 

SECTION 5. AFFIRMATIVE COVENANTS 
 Each Credit Party covenants and agrees that, so long as any Commitment is in effect and until payment in full of all Obligations (other than Unasserted Obligations), each Credit Party shall perform, and
shall cause each of its Subsidiaries to perform, all covenants in this Section 5. 
 5.1. Financial Statements
and Other Reports. Holdings will deliver to Administrative Agent and Lenders: 
 (a) Monthly Operating Reports. As
soon as available, and in any event within 30 days after the end of each month ending after the Closing Date other than a month that ends on or about the end of a Fiscal Quarter, commencing with the month in which the Closing Date occurs, the
unaudited consolidated balance sheet of Borrower and its Subsidiaries as at the end of such month and the related unaudited consolidated statements of income, stockholders’ equity and cash flows of Borrower and its Subsidiaries for such month
and for the period from the beginning of the then current Fiscal Year to the end of such month, setting forth in each case in comparative form the corresponding figures for the corresponding periods of the previous Fiscal Year, commencing with the
first month for which such corresponding figures are available; 
 (b) Quarterly Financial Statements. As soon as
available, and in any event within 45 days after the end of each of the first three Fiscal Quarters of each Fiscal Year, commencing with the 

  
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Fiscal Quarter (or if such Fiscal Quarter is not one of the first three Fiscal Quarters of the Fiscal Year, the next Fiscal Quarter) in which the Closing Date occurs, the consolidated balance
sheet of Borrower and its Subsidiaries as at the end of such Fiscal Quarter and the related consolidated statements of income, stockholders’ equity and cash flows of Borrower and its Subsidiaries for such Fiscal Quarter and for the period from
the beginning of the then current Fiscal Year to the end of such Fiscal Quarter, setting forth in each case in comparative form the corresponding figures for the corresponding periods of the previous Fiscal Year and the corresponding figures from
the Financial Plan for the current Fiscal Year, all in reasonable detail, together with a Financial Officer Certification and a Narrative Report with respect thereto; 
 (c) Annual Financial Statements. As soon as available, and in any event within 90 days after the end of each Fiscal Year, commencing with the Fiscal Year in which the Closing Date occurs,
(i) the consolidated balance sheet of Borrower and its Subsidiaries as at the end of such Fiscal Year and the related consolidated statements of income, stockholders’ equity and cash flows of Borrower and its Subsidiaries for such Fiscal
Year, setting forth in each case in comparative form the corresponding figures for the previous Fiscal Year and the corresponding figures from the Financial Plan for the Fiscal Year covered by such financial statements, in reasonable detail,
together with a Financial Officer Certification and a Narrative Report with respect thereto; and (ii) with respect to such consolidated financial statements a report thereon of PricewaterhouseCoopers or other independent certified public
accountants of recognized national standing selected by Holdings, and reasonably satisfactory to Administrative Agent (which report and/or the accompanying financial statements shall be unqualified as to going concern and scope of audit, and shall
state that such consolidated financial statements fairly present, in all material respects, the consolidated financial position of Borrower and its Subsidiaries as at the dates indicated and the results of their operations and their cash flows for
the periods indicated in conformity with GAAP applied on a basis consistent with prior years (except as otherwise disclosed in such financial statements) and that the examination by such accountants in connection with such consolidated financial
statements has been made in accordance with generally accepted auditing standards) together with a written statement by such independent certified public accountants stating (1) that their audit examination has included a review of the terms of
Section 6.7 of this Agreement and the related definitions, (2) whether, in connection therewith, any condition or event that constitutes a Default or an Event of Default under Section 6.7 has come to their attention and,
if such a condition or event has come to their attention, specifying the nature and period of existence thereof, and (3) that nothing has come to their attention that causes them to believe that the information contained in any Compliance
Certificate is not correct or that the matters set forth in such Compliance Certificate are not stated in accordance with the terms hereof; 
 (d) Compliance Certificate. Together with each delivery of financial statements of Holdings and its Subsidiaries pursuant to Sections 5.1(b) and 5.1(c), a duly executed and completed
Compliance Certificate; 
 (e) Statements of Reconciliation after Change in Accounting Principles. If, as a result of any
change in accounting principles and policies from those used in the preparation of the Historical Financial Statements, the consolidated financial statements of Borrower and its Subsidiaries delivered pursuant to Section 5.1(b) or
5.1(c) will differ in any material respect from the consolidated financial statements that would have been delivered pursuant to such subdivisions had no such change in accounting principles and policies been made, then, together with the
first delivery of such financial statements after such change, one or more statements of reconciliation for all such prior financial statements in form and substance reasonably satisfactory to Administrative Agent; 

(f) Notice of Default. Promptly upon any officer of Holdings or Borrower obtaining knowledge (i) of any condition or event
that constitutes a Default or an Event of Default or that notice has been given to Holdings or Borrower with respect thereto; (ii) that any Person has given any notice to 

  
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Holdings or any of its Subsidiaries or taken any other action with respect to any event or condition set forth in Section 8.1(b); or (iii) of the occurrence of any event or
change that has caused or evidences, either in any case or in the aggregate, a Material Adverse Effect, a certificate of an Authorized Officer specifying the nature and period of existence of such condition, event or change, or specifying the notice
given and action taken by any such Person and the nature of such claimed Event of Default, Default, default, event or condition, and what action Borrower has taken, is taking and proposes to take with respect thereto; 

(g) Notice of Litigation. Promptly upon any officer of Holdings or Borrower obtaining knowledge of (i) the institution of any
Adverse Proceeding or Environmental Claim not previously disclosed in writing by Borrower to Lenders, or (ii) any development in any Adverse Proceeding or with respect to any Environmental Claim that, in the case of either clause
(i) or (ii), if adversely determined would be reasonably expected to have a Material Adverse Effect, or seeks to enjoin or otherwise prevent the consummation of, or to recover any damages or obtain relief as a result of, the transactions
contemplated hereby, written notice thereof together with, upon the reasonable request of Administrative Agent, such other information as may be reasonably available to Holdings or Borrower to enable Lenders and their counsel to evaluate such
matters; 
 (h) ERISA. (i) Promptly upon any officer of Holdings or Borrower obtaining knowledge of the occurrence
of or forthcoming occurrence of any ERISA Event, a written notice specifying the nature thereof, what action Holdings, any of its Subsidiaries or any of their respective ERISA Affiliates has taken, is taking or proposes to take with respect thereto
and, when known, any action taken or threatened by the Internal Revenue Service, the Department of Labor or the PBGC with respect thereto; and (ii) with reasonable promptness, copies of (1) upon the reasonable request of the Administrative
Agent, each Schedule B (Actuarial Information) to the annual report (Form 5500 Series) filed by Holdings or any of its Subsidiaries with the Internal Revenue Service with respect to any Pension Plan; (2) all notices received by Holdings or
any of its Subsidiaries from a Multiemployer Plan sponsor concerning an ERISA Event; (3) all notices received by Holdings or any of its Subsidiaries regarding any Multiemployer Plan being in critical or endangered status; and (4) copies of
such other documents or governmental reports or filings relating to Pension Plan as Administrative Agent shall reasonably request; 
 (i) Financial Plan. As soon as practicable and in any event no later than thirty days after the beginning of each Fiscal Year, a consolidated plan and financial forecast for such Fiscal Year (a
“Financial Plan”), including (i) a forecasted consolidated balance sheet and forecasted consolidated statements of income and cash flows of Borrower and its Subsidiaries for such Fiscal Year, and an explanation of the
assumptions on which such forecasts are based and (ii) forecasted consolidated statements of income and cash flows of Borrower and its Subsidiaries for each Fiscal Quarter of such Fiscal Year; 

(j) Insurance Report. As soon as practicable (but not more than once per year) and in any event by the last day of each Fiscal
Year, a certificate from Borrower’s insurance broker(s) in form and substance satisfactory to Administrative Agent outlining all material insurance coverage maintained as of the date of such certificate by Holdings and its Subsidiaries;

 (k) [Reserved.] 
 (l) Information Regarding Collateral. (a) Borrower will furnish to Collateral Agent prompt written notice of any change (i) in any Credit Party’s corporate name, (ii) in any
Credit Party’s identity or corporate structure, (iii) in any Credit Party’s jurisdiction of organization or (iv) in any Credit Party’s Federal Taxpayer Identification Number or state organizational identification number.
Borrower agrees not to effect or permit any change referred to in the preceding sentence unless all filings have been 

  
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made under the Uniform Commercial Code or otherwise that are required in order for Collateral Agent to continue at all times following such change to have a valid, legal and perfected security
interest in all the Collateral as contemplated in the Collateral Documents. Borrower also agrees promptly to notify Collateral Agent if any material portion of the Collateral is damaged or destroyed; 

(m) Annual Collateral Verification. Each year, at the time of delivery of annual financial statements with respect to the
preceding Fiscal Year pursuant to Section 5.1(c), Borrower shall deliver to Collateral Agent a certificate of its Authorized Officer either (i) confirming that there has been no change in the Collateral Questionnaire delivered on
the Funding Date or the date of the most recent certificate delivered pursuant to this Section since the date of the Collateral Questionnaire delivered on the Funding Date or the date of the most recent certificate delivered pursuant to this Section
or (ii) identifying such changes; 
 (n) Other Information. (A) Promptly upon their becoming available, copies
of (i) all financial statements, reports, notices and proxy statements sent or made available generally by Holdings to its security holders acting in such capacity or by any Subsidiary of Holdings to its security holders other than Holdings or
another Subsidiary of Holdings, (ii) all regular and periodic reports and all registration statements and prospectuses, if any, filed by Holdings or any of its Subsidiaries with any securities exchange or with the Securities and Exchange
Commission or any other Governmental Authority, (iii) all press releases and other statements made available generally by Holdings or any of its Subsidiaries to the public concerning material developments in the business of Holdings or any of
its Subsidiaries; (iv) upon request therefor by the Administrative Agent, if the Chapter 11 Cases have commenced, any pleadings, motions, applications and judicial information filed by or on behalf of Credit Parties with the Bankruptcy Court or
provided to the U.S. Trustee (or any monitor or interim receiver, if any, appointed in any Chapter 11 Case) or the Committee and (v) if the Chapter 11 Cases have commenced, all proposed orders and pleadings related to this Agreement which
shall be in form and substance reasonably satisfactory to Administrative Agent, or related to any Replacement Revolving Credit Facility Document which, to the extent adversely impacting the Administrative Agent or the Lenders, shall be form and
substance reasonably satisfactory to the Administrative Agent, any plan of reorganization or liquidation and/or any disclosure statement related to such plan and all documents filed with the Bankruptcy Court or distributed to any Committee; and
(B) such other information and data with respect to Holdings or any of its Subsidiaries as from time to time may be reasonably requested by Administrative Agent or any Lender. 

(o) Replacement Revolving Credit Facility. Concurrently with the delivery thereof, Holdings and Borrower shall deliver copies of
all reports and other information provided by Holdings or any of its Subsidiaries to the agents and lenders under the Replacement Revolving Credit Facility; and 
 (p) Certification of Public Information. Holdings, Borrower and each Lender acknowledge that certain of the Lenders may be Public Lenders and, if documents or notices required to be delivered
pursuant to this Section 5.1 or otherwise are being distributed through IntraLinks/IntraAgency, SyndTrak or another relevant website or other information platform (the “Platform”), any document or notice that Holdings or
Borrower has indicated contains Non-Public Information shall not be posted on that portion of the Platform designated for such Public Lenders. Each of Holdings and Borrower agrees to clearly designate all information provided to Administrative Agent
by or on behalf of Holdings or Borrower which is suitable to make available to Public Lenders. If Holdings or Borrower has not indicated whether a document or notice delivered pursuant to this Section 5.1 contains Non-Public Information,
Administrative Agent reserves the right to post such document or notice solely on that portion of the Platform designated for Lenders who wish to receive material non-public information with respect to Holdings, its Subsidiaries and their
securities. 

  
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 5.2. Existence. Except as otherwise permitted under Section 6.8,
(a) if the Chapter 11 Cases have commenced, during the pendency of the Chapter 11 Cases, except as contemplated by the Plan of Reorganization, and (b) at all times thereafter (or if the Chapter 11 Cases have not been filed, at all times),
each Credit Party will, and will cause each of its Subsidiaries to, at all times preserve and keep in full force and effect its existence and all rights and franchises, licenses and permits material to its business; provided, (i) no
Credit Party (other than Borrower with respect to existence) or any of its Subsidiaries shall be required to preserve any such existence, right or franchise, licenses and permits if such Person’s board of directors (or similar governing body)
shall determine that the preservation thereof is no longer desirable in the conduct of the business of such Person, and that the loss thereof is not disadvantageous in any material respect to such Person or to Lenders and (ii) no Credit Party
shall be required to maintain any license of Intellectual Property if such license expires at the end of its term. 
 5.3.
Payment of Taxes and Claims. At all times after the Funding Date, each Credit Party will, and will cause each of its Subsidiaries to, pay all federal and all other material Taxes imposed upon it or any of its properties or assets or in respect
of any of its income, businesses or franchises before any penalty or fine accrues thereon, and all federal and all other material claims (including claims for labor, services, materials and supplies) for sums that have become due and payable and
that by law have or may become a Lien upon any of its properties or assets, prior to the time when any penalty or fine shall be incurred with respect thereto; provided, no such Tax or claim need be paid if it is being contested in good faith
by appropriate proceedings promptly instituted and diligently conducted, so long as (a) adequate reserve or other appropriate provision, as shall be required in conformity with GAAP shall have been made therefor, and (b) in the case of a
Tax or claim which has or may become a Lien against any of the Collateral, such contest proceedings conclusively operate to stay the sale of any portion of the Collateral to satisfy such Tax or claim. No Credit Party will, nor will it permit any of
its Subsidiaries to, file or consent to the filing of any consolidated income tax return with any Person (other than Holdings or any of its Subsidiaries). 
 5.4. Maintenance of Properties. Without limiting the right to Holdings and its Subsidiaries to dispose of assets to the extent not otherwise prohibited hereunder, each Credit Party will, and will
cause each of its Subsidiaries to, maintain or cause to be maintained in good repair, working order and condition, ordinary wear and tear excepted, all material tangible properties used or useful in the business of Holdings and its Subsidiaries as
currently conducted and from time to time will make or cause to be made all reasonably appropriate repairs, renewals and replacements thereof. 
 5.5. Insurance. Holdings will maintain or cause to be maintained, with financially sound and reputable insurers, such public liability insurance, third party property damage insurance, business
interruption insurance and casualty insurance with respect to liabilities, losses or damage in respect of the assets, properties and businesses of Holdings and its Subsidiaries as may customarily be carried or maintained under similar circumstances
by Persons of established reputation engaged in similar businesses, in each case in such amounts (giving effect to self-insurance), with such deductibles, covering such risks and otherwise on such terms and conditions as shall be customary for such
Persons. Without limiting the generality of the foregoing, Holdings will maintain or cause to be maintained (a) flood insurance with respect to each Flood Hazard Property that is located in a community that participates in the National Flood
Insurance Program, in each case in compliance with any applicable regulations of the Board of Governors of the Federal Reserve System, and (b) replacement value casualty insurance on the Collateral under such policies of insurance, with such
insurance companies, in such amounts, with such deductibles, and covering such risks as are at all times carried or maintained under similar circumstances by Persons of 

  
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established reputation engaged in similar businesses. Each such policy of insurance shall (i) name Collateral Agent, on behalf of the Secured Parties, as an additional insured thereunder as
its interests may appear, (ii) in the case of each casualty insurance policy, contain a loss payable clause or endorsement, satisfactory in form and substance to Collateral Agent, that names Collateral Agent, on behalf of the Secured Parties,
as the loss payee thereunder and provide for at least thirty days’ prior written notice to Collateral Agent of any modification or cancellation of such policy. 
 5.6. Books and Records; Inspections. Each Credit Party will, and will cause each of its Subsidiaries to, keep proper books of record and accounts in which true, complete and correct entries in
conformity in all material respects with GAAP shall be made of all dealings and transactions in relation to its business and activities. Each Credit Party will, and will cause each of its Subsidiaries to, permit any authorized representatives
designated by any Lender to visit and inspect any of the properties of any Credit Party and any of its respective Subsidiaries, to inspect, copy and take extracts from its and their financial and accounting records, and to discuss its and their
affairs, finances and accounts with its and their officers and independent public accountants (so long as a representative of the Credit Parties is given a reasonable opportunity to be present for any such communication), all upon reasonable notice
and at such reasonable times during normal business hours upon reasonable request (but no more frequently than once a year during any calendar year unless an Event of Default shall have occurred and be continuing). 

5.7. Lenders Meetings. Holdings and Borrower will, upon the request of Administrative Agent or Requisite Lenders, participate in
(a) a meeting (or, at the election of the Borrower in consultation with Administrative Agent, a conference call) of Administrative Agent and Lenders once during each Fiscal Year to be held at Borrower’s corporate offices (or at such other
location as may be agreed to by Borrower and Administrative Agent) and (b) quarterly conference calls with the Administrative Agent and the Lenders, in each case at such times as may be agreed to by Borrower and Administrative Agent.

 5.8. Compliance with Laws. Each Credit Party will comply, and shall cause each of its Subsidiaries if any, on or
occupying any Facilities to comply, with the requirements of all applicable laws, rules, regulations and orders of any Governmental Authority (including all Environmental Laws), noncompliance with which would reasonably be expected to have,
individually or in the aggregate, a Material Adverse Effect. 
 5.9. Environmental. 

(a) Environmental Disclosure. Holdings will deliver to Administrative Agent and Lenders: 

(i) promptly upon the occurrence thereof, written notice of (1) any Release required to be reported to any
Governmental Authority under any applicable Environmental Laws (other than those Releases, such as normal wastewater discharges or air emissions, that are routinely reported to Governmental Authorities and permitted pursuant to Environmental Laws in
the ordinary course of business) that would reasonably be expected to have a Material Adverse Effect, (2) any remedial action taken by Holdings or any other Person in response to (A) any Hazardous Materials Activities the existence of
which would reasonably be expected to result in one or more Environmental Claims having, individually or in the aggregate, a Material Adverse Effect, or (B) any Environmental Claims that, individually or in the aggregate, would reasonably be
expected to result in a Material Adverse Effect, and (3) Holdings or Borrower’s discovery of any occurrence or condition on any real property adjoining or in the vicinity of any Facility that

  
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would cause such Facility or any part thereof to be subject to any material restrictions on the ownership, occupancy, transferability or use thereof under any Environmental Laws and that,
individually or in the aggregate, would reasonably be expected to result in a Material Adverse Effect; 
 (ii) as
soon as practicable following the sending or receipt thereof by Holdings or any of its Subsidiaries, a copy of any and all written communications with respect to (1) any Environmental Claims that, individually or in the aggregate, would
reasonably be expected to have a Material Adverse Effect, (2) any Release required to be reported to any Governmental Authority that, individually or in the aggregate, would reasonably be expected to have a Material Adverse Effect, and
(3) any request for information from any Governmental Authority that suggests such Governmental Authority is investigating whether Holdings or any of its Subsidiaries may be potentially responsible for any Hazardous Materials Activity, except
where such Hazardous Materials Activity or investigation, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect; 
 (iii) prompt written notice describing in reasonable detail (1) any proposed acquisition of stock, assets, or property by Holdings or any of its Subsidiaries that would reasonably be expected to
(A) expose Holdings or any of its Subsidiaries to, or result in, Environmental Claims that would reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect or (B) affect the ability of Holdings or any of
its Subsidiaries to maintain in full force and effect all material Governmental Authorizations required under any Environmental Laws for their respective operations to the extent that, individually or in the aggregate, would reasonably be expected
to have a Material Adverse Effect, and (2) any proposed action to be taken by Holdings or any of its Subsidiaries to modify current operations in a manner that would reasonably be expected to subject Holdings or any of its Subsidiaries to any
additional material obligations or requirements under any Environmental Laws that, individually or in the aggregate, would reasonably be expected to have a Material Adverse Effect; and 

(iv) with reasonable promptness, such other documents and information as from time to time may be reasonably requested by
Administrative Agent in relation to any matters disclosed pursuant to this Section 5.9(a). 
 (b) Hazardous
Materials Activities, Etc. Each Credit Party shall promptly take, and shall cause each of its Subsidiaries promptly to take, any and all actions necessary to (i) cure any violation of applicable Environmental Laws by such Credit Party or
its Subsidiaries that would reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect, and (ii) make an appropriate response to any Environmental Claim against such Credit Party or any of its Subsidiaries and
discharge any obligations it may have to any Person thereunder where failure to do so would reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect. 

5.10. Subsidiaries. In the event that any Person becomes a wholly-owned Domestic Subsidiary of Borrower, Borrower shall
(a) promptly cause such Domestic Subsidiary to become a Guarantor hereunder and (following the Funding Date) a Grantor under the Pledge and Security Agreement by executing and delivering to Administrative Agent and Collateral Agent a
Counterpart Agreement, and (b) take all such actions and execute and deliver, or cause to be executed and delivered, all such documents, instruments, agreements, and certificates reasonably requested by Collateral Agent, including those which
are similar to those described in Sections 3.1(b), 3.2(f) and 3.2(g). Following the Funding Date, in the event that any Person becomes a Foreign Subsidiary of Borrower, and the ownership interests of such Foreign 

  
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Subsidiary are owned by Borrower or by any Guarantor Subsidiary, Borrower shall, or shall cause such Guarantor Subsidiary to, deliver, all such documents, instruments, agreements, and
certificates as are similar to those described in Section 3.1(b), and Borrower shall take, or shall cause such Guarantor Subsidiary to take, all of the actions referred to in Section 3.2(g)(i) necessary to grant and to
perfect a First Priority Lien in favor of Collateral Agent, for the benefit of Secured Parties, under the Pledge and Security Agreement, in 65% of the voting ownership interests of such Foreign Subsidiary and 100% of the non-voting ownership
interests of such Foreign Subsidiary (other than where pledge of a Foreign Subsidiary’s ownership interests requires consent of a foreign governmental authority that cannot be obtained after exercise of commercially reasonable efforts). With
respect to each such Subsidiary, Borrower shall promptly send to Administrative Agent written notice setting forth with respect to such Person (i) the date on which such Person became a Subsidiary of Borrower, and (ii) all of the data
required to be set forth in Schedules 4.1 and 4.2 with respect to all Subsidiaries of Borrower; and such written notice shall be deemed to supplement Schedule 4.1 and 4.2 for all purposes hereof. 

5.11. Additional Material Real Estate Assets. At any time after the Funding Date, in the event that any Credit Party acquires a
Material Real Estate Asset or a Real Estate Asset owned or leased on the Closing Date becomes a Material Real Estate Asset and such interest has not otherwise been made subject to the Lien of the Collateral Documents in favor of Collateral Agent,
for the benefit of Secured Parties, then such Credit Party shall promptly take all such actions and execute and deliver, or cause to be executed and delivered, all such mortgages, documents, instruments, agreements, opinions and certificates,
including those which are similar to those described in Sections 3.2(f) with respect to each such Material Real Estate Asset that Collateral Agent shall reasonably request to create in favor of Collateral Agent, for the benefit of Secured
Parties, a valid and, subject to any filing and/or recording referred to herein, perfected First Priority security interest in such Material Real Estate Assets; provided that, solely with respect to Material Real Estate Assets constituting
Leasehold Properties, no Credit Party shall be required to enter into leasehold mortgages unless all requisite lessor consents have been obtained; provided that the Credit Parties shall use commercially reasonable efforts (but shall not be
required to provide cash concessions or make consent payments) to obtain such consents. In addition to the foregoing, at any time after the Funding Date, Borrower shall, at the request of Collateral Agent, deliver, from time to time, to Collateral
Agent such appraisals as are required by law or regulation of Real Estate Assets with respect to which Collateral Agent has been granted a Lien (provided that for so long as no Event of Default shall have occurred and is continuing, no more
than one appraisal shall be required with respect to any Real Estate Asset in any Fiscal Year). 
 5.12. Interest Rate
Protection. No later than ninety (90) days following the Funding Date and at all times thereafter until the third anniversary of the Funding Date, Borrower shall obtain and cause to be maintained from a counterparty reasonably satisfactory
to the Arranger interest rate protection through Interest Rate Agreements reasonably satisfactory to the Administrative Agent against increases in interest rates above levels to be reasonably determined by Borrower in consultation with Arranger with
respect to a notional amount of Indebtedness such that not less than 50% of the total Indebtedness for borrowed money of Holdings and its Subsidiaries outstanding on the Funding Date will be either (i) subject to such Interest Rate Agreements
or (ii) fixed rate Indebtedness. 
 5.13. Further Assurances. At any time or from time to time upon the request of
Administrative Agent, each Credit Party will, at its expense, promptly execute, acknowledge and deliver such further documents and do such other acts and things as Administrative Agent or Collateral Agent may reasonably request in order to effect
fully the purposes of the Credit Documents. In furtherance and not in limitation of the foregoing, each Credit Party shall take such actions as Administrative Agent or Collateral Agent may reasonably request 

  
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from time to time to ensure that the Obligations are guarantied by the Guarantors and are secured at all times on and after the Funding Date by substantially all of the assets of Holdings, and
its Subsidiaries and all of the outstanding Equity Interests of Borrower and its Subsidiaries (subject to limitations contained in the Credit Documents with respect to Foreign Subsidiaries and any limitations contained in the Collateral Documents).
At all times after the Funding Date, if the Borrower or any other Credit Party shall acquire any motor vehicle, such Credit Party shall (a) file (and pay all applicable filings fees therefor) with the relevant domestic Governmental Authorities
responsible for recording Liens on the certificates of title of motor vehicles in each relevant jurisdiction all necessary applications, (b) take all such other steps as are reasonably required and within such Credit Party’s control, in
each case to cause the Lien of the Collateral Agent on each such motor vehicle to be recorded on the certificate of title of each such motor vehicle; provided, however, notwithstanding the foregoing, (A) no such filing or payment
or other steps shall be required to be completed with respect to any such motor vehicle during the 60-day period (as such period may be extended by Collateral Agent in its sole discretion) following the acquisition of such vehicle by a Credit Party,
(B) Borrower shall use commercially reasonable efforts to obtain and deliver or cause to be delivered to Collateral Agent the originals of such certificates of title with the Liens of Collateral Agent recorded thereon within such 60-day period
(as such period may be extended by Collateral Agent in its sole discretion) and (C) up to $1,000,000 in aggregate fair market value of motor vehicles owned by the Credit Parties at any time shall be exempt from the foregoing requirements.
Nothing in the first two sentences of this Section 5.13 shall be construed to impose on the Credit Parties with respect to recording Liens on the certificates of title of motor vehicles in excess of the obligations imposed by the
immediately preceding sentence. 
 5.14. Miscellaneous Covenants. Unless otherwise consented to by Agents or Requisite
Lenders: 
 (a) Cash Management Systems. (i) On and after the Funding Date, Holdings and its Domestic Subsidiaries
shall establish and/or maintain cash management systems reasonably acceptable to the Administrative Agent; provided that the cash management systems in effect on the Closing Date shall be deemed to be reasonably acceptable to the
Administrative Agent; and (ii) in all cases (A) the portion of Net Asset Sale Proceeds or Net Insurance/Condemnation Proceeds received with respect to any Asset Sale or casualty or condemnation event required to be applied to prepay the
Term Loans pursuant to Section 2.14(a) or 2.14(b), as applicable, shall be deposited in a segregated deposit account subject to a control agreement in favor of the Collateral Agent satisfactory to the Administrative Agent and,
(B) upon the occurrence and during the continuation of an Event of Default, all proceeds of Term Priority Collateral shall be deposited in such a segregated deposit account. 

(b) Syndication Assistance. Until the date that is sixty days following the Closing Date, the Borrower agrees to use commercially
reasonable efforts to cooperate with the Administrative Agent and the Arranger in connection with Arranger’s syndication efforts, including, without limitation, (i) participating in the presentation of customary information in one or more
meetings, held at reasonable places and reasonable times, with prospective Lenders or agents in connection with the syndication of the Term Facility (including, without limitation, direct contact between senior management and representatives, with
appropriate seniority and expertise, of the Borrower with prospective Lenders and participation of such persons in such meetings) and (ii) updating the applicable confidential information memorandum from time to time to include any material
changes to the matters discussed therein. 
 5.15. Bankruptcy-Related Covenants. 

(a) If the Chapter 11 Cases have been filed, the Borrower shall ensure that, (A) on or before the tenth
(10th) calendar date after the Petition Date, the
Bankruptcy Court enters, upon motion in form and substance reasonably satisfactory to the Arranger (the “Approval Motion”), on such prior 

  
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notice as may be reasonably satisfactory to the Arranger, an interim order, in the form attached hereto as Exhibit O without any modification in any manner that is materially adverse to
the rights or interests of any or all of the Administrative Agent and the Lenders (as determined in good faith by the Administrative Agent) (as amended or modified to the extent permitted under this Section 5.15, the “Interim
Approval Order”); (B) the Interim Approval Order shall remain in full force and effect and shall not be stayed, reversed or vacated, or, without the prior written consent of the Administrative Agent and the Requisite Lenders, otherwise
amended or modified in any manner that is materially adverse to the rights or interests of any or all of the Arranger, Administrative Agent and Lenders (as determined in good faith by the Administrative Agent); and (C) the Bankruptcy Court
shall not enter any order (including any order approving any debtor-in-possession financing or cash collateral arrangement) that conflicts with or is inconsistent with any of the provisions of the Interim Approval Order in any material respect.

 (b) The Borrower shall ensure that, no later than 3 Business Days after the failure (after giving effect to extensions
thereof, if any) of the Borrower to obtain the necessary consent for the Exchange Offer (but in any event not later than 50 days after the Closing Date), Holdings and its Debtor Subsidiaries shall (i) commence the Chapter 11 Cases and
(ii) file one or more motions, in form and substance reasonably satisfactory to the Arranger for confirmation of the Plan of Reorganization, approval of the related disclosure statement and solicitation procedures, approval of the Rights
Offering and Rights Offering solicitation procedures, approval of other matters relating to confirmation of the Plan of Reorganization and scheduling of a combined confirmation and disclosure statement hearing. 

SECTION 6. NEGATIVE COVENANTS 
 Each Credit Party covenants and agrees that, from and after the Funding Date (and, in the case of Sections 6.5, 6.14, 6.15 and 6.16, from and after the Closing Date) and until
termination of the Commitments and payment in full of all Obligations (other than Unasserted Obligations), such Credit Party shall perform, and shall cause each of its Subsidiaries to perform, all covenants in this Section 6. 

6.1 Indebtedness. No Credit Party shall, nor shall it permit any of its Subsidiaries to, directly or indirectly, create, incur,
assume or guaranty, or otherwise become or remain directly or indirectly liable with respect to any Indebtedness, except: 
 (a)
the Obligations; 
 (b) Indebtedness of any Subsidiary to Borrower or to any other Subsidiary, or of Borrower to any Subsidiary;
provided, (i) all such Indebtedness shall be evidenced by the Intercompany Note, and, if owed to a Credit Party, shall be subject to a First Priority Lien pursuant to the Pledge and Security Agreement, (ii) all such Indebtedness
shall be unsecured and, if owed by a Credit Party, subordinated in right of payment to the payment in full of the Obligations pursuant to the terms of the Intercompany Note, (iii) any payment by any such Guarantor Subsidiary under any guaranty
of the Obligations shall result in a pro tanto reduction of the amount of any Indebtedness owed by such Subsidiary to Borrower or to any of its Subsidiaries for whose benefit such payment is made and (iv) such Indebtedness is permitted as an
Investment under Section 6.6(d); 
 (c) Indebtedness incurred by Holdings or any of its Subsidiaries arising from
agreements providing for indemnification, adjustment of purchase price or similar obligations (including Indebtedness consisting of the deferred purchase price of property acquired in a Permitted Acquisition or Investment), or from guaranties or
letters of credit, surety bonds or performance bonds securing the performance of Borrower or any such Subsidiary pursuant to such agreements, in connection with Investments permitted hereunder or Permitted Acquisitions or permitted dispositions of
any business, assets or Subsidiary of Holdings or any of its Subsidiaries; 

  
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 (d) Indebtedness which may be deemed to exist pursuant to any guaranties, performance,
surety, statutory, appeal or similar obligations incurred in the ordinary course of business; 
 (e) Indebtedness in respect of
netting services, overdraft protections and otherwise in connection with deposit accounts; 
 (f) guaranties in the ordinary
course of business of the obligations of suppliers, customers, franchisees and licensees of Borrower and its Subsidiaries; 

(g) guaranties by Borrower of Indebtedness of a Guarantor Subsidiary or guaranties by a Guarantor Subsidiary of Indebtedness of Borrower
or another Guarantor Subsidiary with respect, in each case, to Indebtedness otherwise permitted to be incurred pursuant to this Section 6.1; provided, that if the Indebtedness that is being guarantied is unsecured and/or
subordinated to the Obligations, the guaranty shall also be unsecured and/or subordinated to the Obligations; 
 (h)
Indebtedness described in Schedule 6.1, but not any extensions, renewals or replacements of such Indebtedness except (i) renewals and extensions expressly provided for in the agreements evidencing any such Indebtedness as the same
are in effect on the date of this Agreement and (ii) refinancings and extensions of any such Indebtedness if the terms and conditions thereof are not less favorable to the obligor thereon or to Lenders than the Indebtedness being refinanced or
extended, and the average life to maturity thereof is greater than or equal to that of the Indebtedness being refinanced or extended; provided, such Indebtedness permitted under the immediately preceding clause (i) or
(ii) above shall not (A) include Indebtedness of an obligor that was not an obligor with respect to the Indebtedness being extended, renewed or refinanced, (B) exceed in a principal amount the Indebtedness being renewed,
extended or refinanced (plus accrued interest and fees and expenses in connection with such refinancing) or (C) be incurred, created or assumed if any Default or Event of Default has occurred and is continuing or would result therefrom;

 (i) Indebtedness of Borrower or its Subsidiaries with respect to Capital Leases in an aggregate principal amount not to
exceed at any time $2,000,000; 
 (j) purchase money Indebtedness (or refinancing thereof) of Borrower or its Subsidiaries in an
aggregate principal amount not to exceed at any time $7,500,000; provided, any such Indebtedness shall be secured only by the asset acquired in connection with the incurrence of such Indebtedness (or Indebtedness refinanced with such
Indebtedness); 
 (k) (i) Indebtedness of a Person or Indebtedness attaching to assets of a Person that, in either case,
becomes a Subsidiary or Indebtedness attaching to assets that are acquired by Borrower or any of its Subsidiaries, in each case after the Closing Date as the result of a Permitted Acquisition, in an aggregate principal amount not to exceed
$10,000,000 at any one time outstanding; provided that (x) such Indebtedness existed at the time such Person became a Subsidiary or at the time such assets were acquired and, in each case, was not created in anticipation thereof and
(y) such Indebtedness is not guaranteed in any respect by Holdings or any Subsidiary (other than by any such person that so becomes a Subsidiary), and (ii) any refinancing, refunding, renewal or extension of any Indebtedness specified in
subclause (i) above; provided that (1) the principal amount of any such Indebtedness is not increased above the principal amount thereof (plus accrued interest and fees and expenses in connection with such refinancing)
outstanding immediately prior to such refinancing, refunding, renewal or extension, (2) the direct and contingent obligors with respect to such Indebtedness are not changed and (3) such Indebtedness shall not be secured by any assets other
than the assets securing the Indebtedness being renewed, extended or refinanced; 

  
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 (l) from and after the Funding Date, Indebtedness of one of more Credit Parties in respect
of the Replacement Revolving Credit Facility in an aggregate principal amount not to exceed at any time $75,000,000, including with respect to letters of credit issued thereunder; 

(m) other unsecured Indebtedness of Borrower and its Subsidiaries including Indebtedness of Foreign Subsidiaries in an aggregate
principal amount not to exceed at any time $5,000,000; 
 (n) if the Exchange Offer is consummated, then, after the Funding
Date, Indebtedness under the Senior Subordinated Notes in an aggregate principal amount not to exceed the amount set forth on Schedule 6.1(n) (as increased by any increased principal amount of Senior Subordinated Notes that remain outstanding
following the Exchange Offer due to Borrower obtaining a Permitted Waiver); 
 (o) unsecured subordinated Indebtedness of
Holdings in an aggregate principal amount not to exceed $25,000,000, which is subordinated pursuant to subordination terms substantially in the form of Exhibit K or otherwise subject to subordination provisions reasonably satisfactory to the
Requisite Lenders; provided that (i) all interest on such Indebtedness is paid in kind by adding it to the principal balance thereof, (ii) such Indebtedness shall not mature, and Holdings shall not be required to pay any amount of
principal of or interest on or other amount with respect to such Indebtedness, in each cause until at least the sixth anniversary of the Funding Date, (iii) the terms and conditions, taken as a whole, governing such Indebtedness are not
materially more restrictive than the terms and conditions set forth in this Agreement, and (iv) such Indebtedness shall not be guaranteed by any Subsidiary of Holdings (and no such Person shall otherwise be liable with respect to such
Indebtedness); 
 (p) Indebtedness consisting of the financing of insurance premiums in customary amounts and in the ordinary
course of business; 
 (q) unsecured Indebtedness of Holdings to Borrower or any Guarantor Subsidiary that would be permitted as
a Restricted Junior Payment under Section 6.4; 
 (r) Indebtedness represented by appeal, bid, performance, surety
or similar bonds, workers’ compensation claims and self-insurance obligations, in each case to the extent incurred in the ordinary course of business; and 
 (s) Indebtedness of any Credit Party under any Interest Rate Agreement required by Section 5.12 or any other Interest Rate Agreement or Currency Agreement; provided that with respect to
any such other Interest Rate Agreement or Currency Agreement such obligations are entered by such Credit Party in the ordinary course of business for the purpose of mitigating risks associated with the business of the Credit Parties and not entered
into for speculative purposes. 
 If the Chapter 11 Cases have commenced, from and after the Plan Effective Date, the foregoing exceptions shall
not include any Pre-Petition Indebtedness of Domestic Subsidiaries except to the extent provided in the Plan of Reorganization. 

6.2. Liens. No Credit Party shall, nor shall it permit any of its Subsidiaries to, directly or indirectly, create, incur, assume
or permit to exist any Lien on or with respect to any property or asset of any kind (including any document or instrument in respect of goods or accounts receivable) of Holdings or any of 

  
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its Subsidiaries, whether now owned or hereafter acquired or licensed, or any income, profits or royalties therefrom, or file or permit the filing of, or permit to remain in effect, any financing
statement or other similar notice of any Lien with respect to any such property, asset, income, profits or royalties under the UCC of any State or under any similar recording or notice statute or under any applicable intellectual property laws,
rules or procedures, except: 
 (a) Liens in favor of Collateral Agent for the benefit of Secured Parties granted pursuant to
any Credit Document; 
 (b) Liens for Taxes (including assessments) (i) not yet due and payable or (ii) if obligations
with respect to such Taxes are being contested in good faith by appropriate proceedings promptly instituted and diligently conducted and adequate reserves have been made in accordance with GAAP; 

(c) statutory Liens of landlords, banks (and rights of set-off), of carriers, warehousemen, mechanics, repairmen, workmen and
materialmen, and other Liens imposed by law (other than any such Lien imposed pursuant to Section 430(k) of the Internal Revenue Code or ERISA or a violation of Section 436 of the Internal Revenue Code), in each case incurred in the
ordinary course of business (i) for amounts not yet overdue or (ii) for amounts that are overdue and that (in the case of any such amounts overdue for a period in excess of five days) are being contested in good faith by appropriate
proceedings, so long as such reserves or other appropriate provisions, if any, as shall be required by GAAP shall have been made for any such contested amounts; 
 (d) Liens incurred in the ordinary course of business in connection with workers’ compensation, unemployment insurance and other types of social security, or to secure the performance of tenders,
statutory obligations, surety and appeal bonds, bids, leases, government contracts, trade contracts, performance and return-of-money bonds and other similar obligations (exclusive of obligations for the payment of borrowed money or other
Indebtedness), so long as no foreclosure, sale or similar proceedings have been commenced with respect to any portion of the Collateral on account thereof; 
 (e) easements, covenants, conditions, rights-of-way, restrictions, encroachments, and other similar encumbrances or minor defects or irregularities in title, in each case which do not and will not
interfere in any material respect with the ordinary conduct of the business of Holdings or any of its Subsidiaries; 
 (f)
(i) any condemnation or eminent domain proceedings affecting any real property; and ii) any interest or title of a lessor or sublessor under any lease of real estate permitted hereunder; 

(g) Liens solely on any cash earnest money deposits made by Holdings or any of its Subsidiaries in connection with any letter of intent
or purchase agreement permitted hereunder; 
 (h) purported Liens evidenced by the filing of precautionary UCC financing
statements relating solely to operating leases of personal property entered into in the ordinary course of business or consignment of goods; 
 (i) Liens in favor of customs and revenue authorities arising as a matter of law to secure payment of customs duties in connection with the importation of goods; 

(j) any zoning building codes or similar law or right reserved to or vested in any governmental office or agency to control or regulate
the use of any real property; 

  
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 (k) (i) non-exclusive outbound licenses of patents, copyrights, trademarks and other
intellectual property rights granted by Holdings or any of its Subsidiaries in the ordinary course of business and not impairing in any respect the ordinary conduct of or materially detracting from the value of the business of Borrower or such
Subsidiary; and (ii) the interests of a licensor under licenses of patents, copyrights, trademarks and other intellectual property granted to Holdings or any of its Subsidiaries in the ordinary course of business; 

(l) Liens described in Schedule 6.2 (including the extension of any Liens listed on such Schedule relating to any
Indebtedness permitted under Section 6.1(h) in connection with any refinancing of such Indebtedness permitted by such Section so long as such Liens do not extend to additional property not initially described as being subject to such
Liens); 
 (m) Liens securing Indebtedness permitted pursuant to Section 6.1(j) and (k); provided, any
such Lien shall encumber only the asset acquired with the proceeds of such Indebtedness; and Liens arising under capital leases permitted pursuant to Section 6.1(i); 

(n) Replacement Revolving Credit Facility Liens; provided that such Liens are subject to the Intercreditor Agreement; and

 (o) other Liens on assets with an aggregate fair market value not to exceed $5,000,000 securing Indebtedness in an aggregate
amount not to exceed $2,500,000 at any time outstanding. 
 If the Chapter 11 Cases have commenced, from and after the Plan Effective Date, the
foregoing exceptions shall not include any Pre-Petition Liens except to the extent provided in the Plan of Reorganization. 

6.3. No Further Negative Pledges. Except with respect to (a) specific property encumbered to secure payment of particular
Indebtedness not otherwise prohibited under this Agreement (so long as such restriction applies only to the property encumbered to secure such Indebtedness), (b) restrictions by reason of customary provisions restricting assignments, subletting
or other transfers contained in leases, licenses and similar agreements entered into in the ordinary course of business (provided that such restrictions are limited to the property or assets secured by such Liens or the property, assets or
rights subject to such leases, licenses or similar agreements, as the case may be), (c) subject to the Intercreditor Agreement, the Replacement Revolving Credit Facility, and (d) restrictions identified on Schedule 6.3;
(e) restrictions pursuant to contractual obligations assumed in connection with permitted Investments, so long as such restrictions apply solely to the assets acquired in the Investment; and (f) restrictions contained in any agreement
governing Indebtedness of any Credit Party or its Subsidiaries permitted hereby, so long as such restrictions are no more restrictive in any material respect than those contained in this Agreement or the other Credit Documents and
(g) provisions with respect to the creation or assumption of any such Liens (i) in joint venture agreements or (ii) in executed asset sale agreements or stock sale agreements governing dispositions of assets to the extent permitted by
Section 6.8 (provided that, for purposes of this clause (g), such Liens may apply only to the assets or property subject to such joint venture or executed asset sale or stock sale agreement or to the assets or property
being sold, as the case may be), no Credit Party or any of its Subsidiaries shall enter into any agreement prohibiting the creation or assumption of any Lien upon any of its properties or assets, whether now owned or hereafter acquired, to secure
the Obligations. 
 6.4. Restricted Junior Payments. No Credit Party shall, nor shall it permit any of its Subsidiaries
or Affiliates through any manner or means or through any other Person to, directly or indirectly, declare, order, pay, make or set apart, or agree to declare, order, pay, make or set apart, any sum for any Restricted Junior Payment except

  
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that (a) any Subsidiary of Borrower may declare and pay dividends or make other distributions ratably to its equity holders (but after giving effect to any preferred Equity Interests);
(b) so long as no Event of Default shall have occurred and be continuing or shall be caused thereby, Borrower may make Restricted Junior Payments to Holdings (i) in an aggregate amount not to exceed $300,000 (or, following a Qualified IPO,
$1,500,000) in any Fiscal Year, to the extent necessary to permit Holdings to pay general administrative costs and expenses (provided if, as of the last day of any Fiscal Year, the Leverage Ratio (determined for such Fiscal Year by reference
to the Compliance Certificate delivered pursuant to Section 5.1(d) calculating the Leverage Ratio as of the last day of such Fiscal Year) shall be less than or equal to 3.00:1.00, Borrower may make Restricted Junior Payments to Holdings
to the extent necessary to permit Holdings to pay general administrative costs and expenses in an aggregate amount not to exceed $500,000 (or, following a Qualified IPO, $1,500,000) in any Fiscal Year (and Holdings may make Restricted Payments to
any Parent Holding Company from any Restricted Payment received by it pursuant to this clause (b)(i) to pay general administrative costs and expenses of any Parent Holding Company) and (ii) to the extent necessary to permit Holdings to
discharge the consolidated tax liabilities of Holdings and its Subsidiaries, in each case so long as Holdings applies the amount of any such Restricted Junior Payment for such purpose (and Holdings may make Restricted Payments to any Parent Holding
Company from any Restricted Payment received by it pursuant to this clause (b)(ii) to discharge the consolidated tax liabilities of any Parent Holding Company and its Subsidiaries, in each case so long as such Parent Holding Company applies
the amount of any such Restricted Junior Payment for such purpose); (c) Borrower may pay, or make Restricted Junior Payments to Holdings to allow it to pay, amounts to Permitted Holders and their respective Affiliates adequate to reimburse such
Persons for (i) the amount of actual and documented expenses incurred in connection with the Management Agreement for the benefit of Holdings or any of its Subsidiaries and (ii) from and after the Funding Date, in equal quarterly
installments (except that any management or similar fees paid in 2011 pursuant to this clause (ii) shall solely be paid in the fourth Fiscal Quarter of 2011 (but may be paid in one or more installments in such fourth Fiscal Quarter)),
management fees (including for purposes of consulting or financial advisory services) or similar fees to Permitted Holders or their respective Affiliates, in the aggregate not exceeding $1,500,000 per Fiscal Year for such fees (provided if,
as of the last day of any Fiscal Year, the Leverage Ratio (determined for such Fiscal Year by reference to the Compliance Certificate delivered pursuant to Section 5.1(d) calculating the Leverage Ratio as of the last day of such Fiscal
Year) shall be (x) less than or equal to 3.50:1.00 but greater than 3.00:1.00 during the Fiscal Year immediately succeeding such Fiscal Year, Borrower may pay, or make Restricted Junior Payments to Holdings to allow it to pay, amounts pursuant
to this clause (c)(ii) in an aggregate amount not to exceed $2,000,000 during the immediately succeeding Fiscal Year, (y) less than or equal to 3.00:1.00 but greater than 2.50:1.00 during the Fiscal Year immediately succeeding such
Fiscal Year, Borrower may pay, or make Restricted Junior Payments to Holdings to allow it to pay, amounts pursuant to this clause (c)(ii) in an aggregate amount not to exceed $3,000,000 during the immediately succeeding Fiscal Year or
(z) less than or equal to 2.50:1.00 during the Fiscal Year immediately succeeding such Fiscal Year, Borrower may pay, or make Restricted Junior Payments to Holdings to allow it to pay, amounts pursuant to this clause (c)(ii) in an
aggregate amount not to exceed $5,000,000 during the immediately succeeding Fiscal Year); provided that in any event such management or similar fees (but not the amounts under clause (c)(i)) shall be subordinated to the Obligations on
terms satisfactory to Administrative Agent, and that upon the occurrence of a Default or an Event of Default and during the continuance thereof, no payment of any management fees or similar distributions to the Permitted Holders or any of their
respective Affiliates shall be permitted under this Section 6.4(c), it being understood that nothing in this clause (c) shall prevent the accrual of unpaid management or similar fees; (d) Holdings and its Subsidiaries
may repay or prepay or otherwise refinance the Existing Term Indebtedness and the Existing Revolving Credit Facility with the proceeds of the Loans and the Replacement Revolving Credit Facility, and may make distributions and payments contemplated
under the applicable Restructuring Documentation (including the payments and conversions of Indebtedness described in Section 3.2(b)), including payments not exceeding $2,000,000 in the aggregate in settlement of Indebtedness under the
“Junior Notes” (as defined 

  
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in the Exchange Offering Memorandum) concurrently with consummation of the Exchange Offer; (e) Borrower may pay Restricted Junior Payments to Holdings to enable Holdings to repurchase,
redeem, acquire or retire Equity Interests from any past or present officers, employees and directors of any Credit Party (or their estates, spouses, descendants or former spouses) pursuant to the terms of any management equity, subscription
agreement, stock option agreement, shareholders agreement or similar agreement; provided, that the aggregate amount of all cash paid in respect of all such Equity Interests so repurchased redeemed, acquired or retired shall not exceed
$3,500,000 in the aggregate; (f) after the Funding Date, Borrower may repay, prepay or purchase (and retire) Indebtedness under the Senior Subordinated Notes in an aggregate principal amount not to exceed the amount set forth on Schedule
6.1(n) (as increased by any increased principal amount of Senior Subordinated Notes that remain outstanding following the Exchange Offer due to Borrower obtaining a Permitted Waiver); and (g) Holdings may make payments in an amount not to
exceed $100,000 in connection with the Holdings Merger as such payments are described in the Exchange Offering Memorandum. 

6.5. Restrictions on Subsidiary Distributions. Except as provided (i) herein or (ii) if the Chapter 11 Cases have
commenced, the Interim Approval Order, the Final Approval Order or the Confirmation Order, or as required by the Bankruptcy Code, no Credit Party shall, nor shall it permit any of its Subsidiaries to, create or otherwise cause or suffer to exist or
become effective any consensual encumbrance or restriction of any kind on the ability of any Subsidiary of Borrower to (a) pay dividends or make any other distributions on any of such Subsidiary’s Equity Interests owned by Borrower or any
other Subsidiary of Borrower, (b) repay or prepay any Indebtedness owed by such Subsidiary to Borrower or any other Subsidiary of Borrower, (c) make loans or advances to Borrower or any other Subsidiary of Borrower, or (d) transfer,
lease or license any of its property or assets to Borrower or any other Subsidiary of Borrower other than restrictions (i) in agreements evidencing capital leases permitted by Section 6.1(i) or Indebtedness permitted by
Section 6.1(j) or (k) that impose restrictions on the Person or property so acquired, (ii) in the Credit Documents or the Replacement Revolving Credit Facility (and its related credit documents), (iii) contained in
financing documentation governing Indebtedness incurred by a Foreign Subsidiary pursuant to Section 6.1(m), so long as they operate only upon the occurrence and during the continuation of an event of default under the documentation
governing such foreign financing and only bind such Foreign Subsidiary; (iv) restrictions existing under or by reason of (A) applicable law (including rules, regulations and agreements with regulatory authorities), (B) any agreement
in effect at the time a Person first became a Subsidiary of such Credit Party, so long as such agreement was not entered into solely in contemplation of such Person becoming a Subsidiary of such Credit Party and such restrictions are limited to such
Subsidiary and its Subsidiaries, or (C) provisions with respect to distributions of assets or property in joint venture agreements, asset sale agreements. Stock sale agreements and other similar agreements not otherwise prohibited hereunder;
provided that such encumbrances or restrictions apply only to the assets or property subject to such joint venture, asset sale, stock sale or similar agreement or to the assets or property being sold, as the case may be, (v) encumbrances
or restrictions existing under or by reason of Liens permitted under Section 6.2 securing Indebtedness otherwise permitted to be incurred under Section 6.1 that limit the right of the debtor to dispose of the assets that are
subject to such Liens, (vi) by reason of customary provisions restricting assignments, subletting or other transfers contained in leases, licenses, joint venture agreements and similar agreements entered into in the ordinary course of business,
(vii) that are or were created by virtue of any transfer of, agreement to transfer or option or right with respect to any property, assets or Equity Interests not otherwise prohibited under this Agreement or (viii) described on Schedule
6.5. 
 6.6. Investments. No Credit Party shall, nor shall it permit any of its Subsidiaries to, directly or
indirectly, make or own any Investment in any Person, including any Joint Venture, except: 

  
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 (a) Investments in Cash and Cash Equivalents; 

(b) equity Investments owned as of the Closing Date in any Subsidiary and Investments made after the Closing Date in Borrower and any
wholly-owned Guarantor Subsidiary of Borrower; 
 (c) Investments (i) in any Securities received in satisfaction or partial
satisfaction of accounts receivable from financially troubled account debtors and (ii) consisting of deposits, prepayments and other credits to suppliers made in the ordinary course of business consistent with the past practices of Holdings and
its Subsidiaries; 
 (d) intercompany loans to the extent permitted under Section 6.1(b) and other Investments in
Subsidiaries which are not wholly-owned Guarantors; provided that such Investments (including through intercompany loans and any Permitted Acquisition) in Subsidiaries other than wholly-owned Guarantor Subsidiaries of Borrower shall not
exceed at any time an aggregate amount of $1,000,000 at any time outstanding, which amount may be replenished pursuant to the terms of the proviso hereto; provided, however, that to the extent any Credit Party receives a return of
capital or a cash dividend or distribution in respect of, or interest on or a cash repayment of the principal of any loan made as, an Investment under this clause (d), the amount of such return of capital, dividend, distribution, interest or
principal repayment shall be treated as a return of the original Investment in respect thereof and accordingly shall replenish and be credited to the amount available for Investments under this clause (d). 

(e) Consolidated Capital Expenditures with respect to Borrower and the Guarantors permitted by Section 6.7(c); 

(f) loans and advances to employees, officers and directors of Holdings and its Subsidiaries made in the ordinary course of business in
an aggregate principal amount not to exceed $500,000 at any time outstanding; 
 (g) Permitted Acquisitions permitted pursuant
to Section 6.8; 
 (h) Investments described in Schedule 6.6; 

(i) Hedge Agreements which constitute Investments; 
 (j) Holdings or any of its Subsidiaries may make Investments in the form of Equity Interests or other obligations received by Holdings or such Subsidiaries in satisfaction of judgments, foreclosure of
liens or settlement of debts in favor of Holdings or such Subsidiary from financially troubled trade account debtors (provided that the original debts were incurred in the ordinary course of business); 

(k) any securities or assets received or other investments made as a result of the receipt of non-cash consideration from any disposition
of assets permitted by Section 6.8; 
 (l) Investments constituting Holdings Administrative Advances;
provided that the aggregate amount thereof in any Fiscal Year does not exceed $300,000 (or, following a Qualified IPO, $1,500,000) (provided if, as of the last day of any Fiscal Year, the Leverage Ratio (determined for such Fiscal Year
by reference to the Compliance Certificate delivered pursuant to Section 5.1(d) calculating the Leverage Ratio as of the last day of such Fiscal Year) shall be less than or equal to 3.00:1.00, the aggregate amount thereof in any Fiscal
Year shall not exceed $500,000 (or, following a Qualified IPO, $1,500,000); 

  
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 (m) (i) a one-time Investment consisting of the non-cash contribution of assets into a
single Joint Venture (the “Special Joint Venture”) so long as (a) a Credit Party owns and controls at least 50% on a fully diluted basis of the economic and voting interests in the Equity Interests of the Special Joint Venture,
(b) Borrower’s Consolidated Net Income for the most recent four Fiscal Quarter period (determined in accordance with GAAP) attributable to such assets is negative and (c) the book value of such assets does not exceed $100,000 and
(ii) Investments in the Special Joint Venture of cash in an aggregate amount not to exceed (a) $2,000,000 during the year following the date on which the Special Joint Venture is formed, (b) $1,500,000 during the second year following
the date on which the Special Joint Venture is formed, (c) $750,000 during the third year following the date on which the Special Joint Venture is formed and (d) $500,000 during the fourth year following the date on which the Special Joint
Venture is formed; provided that no such Investment shall be made if an Event of Default shall have occurred and be continuing or shall be caused thereby; 
 (n) other Investments in an aggregate amount not to exceed $5,000,000 at any time outstanding during the term of this Agreement, which amount may be replenished pursuant to the terms of the proviso
hereto, plus the amount of any Permitted Additional Equity; provided that no such Investments shall be made if an Event of Default shall have occurred and be continuing or shall be caused thereby; provided, however, that to the extent
any Credit Party receives a return of capital of a cash dividend or distribution in respect of, or interest on or a cash repayment of the principal of any loan made as, an Investment under this clause (n), the amount of such dividend,
distribution or principal repayment shall be treated as a return of the original Investment in respect thereof and accordingly shall replenish and be credited to the amount for Investments under this clause (n). 

Notwithstanding the foregoing, in no event shall any Credit Party make any Investment which results in or facilitates in any manner any
Restricted Junior Payment not otherwise permitted under the terms of Section 6.4. 
 For the
avoidance of doubt, if an Investment would be permitted under any provision of this Section 6.6 (other than Section 6.6(g)) and as a Permitted Acquisition, such Investment need not satisfy the requirements otherwise
applicable to Permitted Acquisitions unless such Investment is consummated in reliance on Section 6.6(g). 
 6.7.
Financial Covenants. 
 (a) Interest Coverage Ratio. Borrower shall not permit the Interest Coverage Ratio as
of the last day of any Fiscal Quarter indicated in the table below, beginning with the first complete Fiscal Quarter ending after the Funding Date that is indicated in the table below, to be less than the correlative ratio indicated: 

 

			
	 Fiscal Quarter Ending Nearest to

Date Below
	  	Interest Coverage Ratio
	 June 30, 2011
	  	2.000:1.00
	 September 30, 2011
	  	2.000:1.00
	 December 31, 2011
	  	2.000:1.00
	 March 31, 2012
	  	2.000:1.00
	 June 30, 2012
	  	2.250:1.00
	 September 30, 2012
	  	2.250:1.00

  
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	 Fiscal Quarter Ending Nearest to

Date Below
	  	Interest Coverage Ratio
	 December 31, 2012
	  	2.375:1.00
	 March 31, 2013
	  	2.500:1.00
	 June 30, 2013
	  	2.750:1.00
	 September 30, 2013
	  	2.750:1.00
	 December 31, 2013
	  	2.875:1.00
	 March 31, 2014
	  	2.875:1.00
	 June 30, 2014
	  	2.875:1.00
	 September 30, 2014
	  	3.000:1.00
	 December 31, 2014
	  	3.250:1.00
	 March 31, 2015
	  	3.500:1.00
	 June 30, 2015
	  	3.500:1.00
	 September 30, 2015
	  	3.500:1.00
	 December 31, 2015
	  	3.500:1.00
	 March 31, 2016
	  	3.500:1.00

 (b) Leverage
Ratio. Borrower shall not permit the Leverage Ratio as of the last day of any Fiscal Quarter indicated in the table below, beginning with the first complete Fiscal Quarter ending after the Funding Date that is indicated in the table below, to
exceed the correlative ratio indicated: 
  

			
	 Fiscal Quarter Ending Nearest to

Date Below
	  	Leverage Ratio
	 June 30, 2011
	  	4.875:1.00
	 September 30, 2011
	  	4.875:1.00
	 December 31, 2011
	  	4.875:1.00
	 March 31, 2012
	  	4.500:1.00
	 June 30, 2012
	  	4.250:1.00
	 September 30, 2012
	  	4.000:1.00
	 December 31, 2012
	  	4.000:1.00
	 March 31, 2013
	  	3.625:1.00
	 June 30, 2013
	  	3.375:1.00
	 September 30, 2013
	  	3.125:1.00
	 December 31, 2013
	  	3.125:1.00
	 March 31, 2014
	  	3.125:1.00
	 June 30, 2014
	  	3.000:1.00
	 September 30, 2014
	  	2.750:1.00
	 December 31, 2014
	  	2.625:1.00
	 March 31, 2015
	  	2.500:1.00
	 June 30, 2015
	  	2.500:1.00

  
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	 Fiscal Quarter Ending Nearest to

Date Below
	  	Leverage Ratio
	 September 30, 2015
	  	2.500:1.00
	 December 31, 2015
	  	2.500:1.00
	 March 31, 2016
	  	2.500:1.00

 (c) Maximum
Consolidated Capital Expenditures. Borrower shall not, and shall not permit its Subsidiaries to, make or incur Consolidated Capital Expenditures (excluding normal replacements and maintenance that are properly charged to current operations), in
any Fiscal Year indicated below, in an aggregate amount for Borrower and its Subsidiaries in excess of the corresponding amount set forth below (as adjusted in accordance with the following proviso) opposite such Fiscal Year: 

 

					
	 Fiscal Year
	  	Consolidated Capital Expenditures	 
	 2011
	  	$	11,000,000	  
	 2012 and each Fiscal Year thereafter
	  	$	9,000,000	  

 The amount set forth above for each
Fiscal Year is the “Base Amount”. The Base Amount for any Fiscal Year shall be increased by an amount equal to (i) 50% of the excess, if any, of the Base Amount for the immediately preceding Fiscal Year (as adjusted in
accordance with this proviso) over the actual amount of Consolidated Capital Expenditures of the type limited by this Section 6.7(c) for such previous Fiscal Year (the “Carry Forward Amount”) and (ii) any amounts
allowed to be made or incurred for Consolidated Capital Expenditures in the immediately subsequent Fiscal Year (as set forth below), if any (but in no event more than $1,000,000) (the “Carry Back Amount”); provided that any
amounts so made or incurred in such Fiscal Year in reliance on this clause (ii) shall result in a corresponding reduction (on a dollar-for-dollar basis) in the Base Amount of Consolidated Capital Expenditures allowed to be made or
incurred in such immediately subsequent Fiscal Year. Consolidated Capital Expenditures as permitted above shall be deemed to reduce first, any Carry Back Amount (if any); second, the amount set forth in the chart above; and
third, any Carry Forward Amount. 
 (d) Certain Calculations. With respect to any period during which the funding
of the Loans occurs or a Permitted Acquisition or an Asset Sale has occurred (each, a “Subject Transaction”), for purposes of determining compliance with the financial covenants set forth in this Section 6.7,
Consolidated Adjusted EBITDA and (solely for purposes of clause (ii) of the definition of Interest Coverage Ratio) the components of Consolidated Interest Expense shall be calculated with respect to such period on a pro forma basis
(including pro forma adjustments arising out of events which are directly attributable to a specific transaction, are factually supportable and are expected to have a continuing impact, in each case determined on a basis consistent with Article 11
of Regulation S-X promulgated under the Securities Act and as interpreted by the staff of the Securities and Exchange Commission, which would include cost savings resulting from head count reduction, closure of facilities and similar restructuring
charges, which pro forma adjustments shall be certified by the chief financial officer of Borrower) using the historical audited financial statements of any business so acquired or to be acquired or sold or to be sold and the consolidated financial
statements of Borrower and its Subsidiaries which shall be reformulated as if such Subject Transaction, and any Indebtedness incurred or repaid in connection therewith (or substantially concurrent therewith), had been consummated or incurred or
repaid at the beginning of such period (and assuming that such Indebtedness bears interest during any portion of the applicable measurement period prior to the relevant Subject Transaction at the weighted average of the interest rates applicable to
outstanding Loans incurred during such period). 

  
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 6.8. Fundamental Changes; Disposition of Assets; Acquisitions. No Credit Party shall,
nor shall it permit any of its Subsidiaries to, enter into any transaction of merger or consolidation, or liquidate, wind-up or dissolve itself (or suffer any liquidation or dissolution), or convey, sell, lease (as lessor) or license, exchange,
transfer or otherwise dispose of, in one transaction or a series of transactions, all or any part of its business, assets or property of any kind whatsoever, whether real, personal or mixed and whether tangible or intangible, whether now owned or
hereafter acquired, leased or licensed, or acquire by purchase or otherwise (other than purchases or other acquisitions of inventory, materials and equipment and Capital Expenditures in the ordinary course of business) the business, property or
fixed assets of, or stock or other evidence of beneficial ownership of, any Person or any division or line of business or other business unit of any Person, except: 
 (a) any Subsidiary of Borrower may be merged with or into Borrower or any Guarantor Subsidiary, or be liquidated, wound up or dissolved, or all or any part of its business, property or assets may be
conveyed, sold, leased, transferred or otherwise disposed of, in one transaction or a series of transactions, to Borrower or any Guarantor Subsidiary; provided, in the case of such a merger, Borrower or such Guarantor Subsidiary or a Person
becoming a Guarantor Subsidiary, as applicable shall be the continuing or surviving Person; 
 (b) conveyances, assignments,
sales, transfers, exchanges, disposals, leases or licenses of assets that do not constitute Asset Sales; 
 (c) Asset Sales, the
proceeds of which (valued at the principal amount thereof in the case of non-Cash proceeds consisting of notes or other debt Securities and valued at fair market value in the case of other non-Cash proceeds) (i) are less than $5,000,000 with
respect to any single Asset Sale or series of related Asset Sales and (ii) when aggregated with the proceeds of all other Asset Sales made during the term of this Agreement, are less than $10,000,000; provided that (1) the
consideration received for such assets shall be in an amount at least equal to the fair market value thereof (determined in good faith by Borrower), (2) no less than 75% of such consideration shall be paid in Cash, and (3) the Net Asset
Sale Proceeds thereof shall be applied as (and to the extent) required by Section 2.14(a) and/or as and to the extent required under the Replacement Revolving Credit Facility; 

(d) transactions contemplated by the applicable Restructuring Documentation; 

(e) conveyances, assignments, sales, transfers, exchanges or disposals of obsolete, worn out, damaged or surplus property; 

(f) after the Funding Date, Permitted Acquisitions, the Acquisition Consideration for which shall be funded with Permitted Acquisition
Consideration; 
 (g) Investments made in accordance with Section 6.6 (other than Section 6.6(g));

 (h) any condemnation or eminent domain proceedings affecting any real property; 

(i) (i) licensing and leasing arrangements in effect on the Closing Date and set forth in Schedule 6.8, and
(ii) licenses to third parties of Intellectual Property developed or acquired by Holdings and its Subsidiaries, which Intellectual Property are used or useful in connection with products that are not utilized or produced in any material respect
in the commercial operations of the Borrower and its Subsidiaries; 
 (j) conveyances, assignments, sales, transfers, exchanges
or disposals of overdue accounts receivable in the ordinary course of business and consistent with past practices of the Borrower; 

  
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 (k) Non-Core Dispositions and Retail Facilities Dispositions; provided that
(1) the consideration received for such assets shall be in an amount at least equal to the fair market value thereof (determined in good faith by Borrower), and (2) no less than 75% of such consideration shall be paid in Cash; 

(l) Liens permitted by Section 6.2; and 
 (m) Holdings may engage in the Parent Holding Company Formation Transaction and the Holdings Merger. 
 6.9. Disposal of Subsidiary Interests. Except for any sale of all of its interests in the Equity Interests of any of its Subsidiaries in compliance with the provisions of Section 6.8 or
an Investment in a Joint Venture in compliance with the provisions of Section 6.6(m) or (n), no Credit Party shall, nor shall it permit any of its Subsidiaries to, (a) directly or indirectly sell, assign, pledge or otherwise
encumber or dispose of any Equity Interests of any of its Subsidiaries, except to qualify directors if required by applicable law; or (b) permit any of its Subsidiaries directly or indirectly to sell, assign, pledge or otherwise encumber or
dispose of any Equity Interests of any of its Subsidiaries, except to another Credit Party (subject to the restrictions on such disposition otherwise imposed hereunder), or to qualify directors if required by applicable law. 

6.10. Sales and Lease-Backs. No Credit Party shall, nor shall it permit any of its Subsidiaries to, directly or indirectly, become
or remain liable as lessee or as a guarantor or other surety with respect to any lease of any property (whether real, personal or mixed), whether now owned or hereafter acquired, which such Credit Party or Subsidiary (a) has sold or transferred
or is to sell or to transfer to any other Person (other than Holdings or any of its Subsidiaries), or (b) intends to use for substantially the same purpose as any other property which has been or is to be sold or transferred by such Credit
Party or Subsidiary to any Person (other than Holdings or any of its Subsidiaries) in connection with such lease, in each case except for any such leases that have been consummated for fair value as determined in good faith by Borrower or such
Subsidiary and where the fair market value of the aggregate of all such property sold or transferred (when taken together with all such transactions) shall not exceed $2,500,000. 

6.11. Transactions with Shareholders and Affiliates. No Credit Party shall, nor shall it permit any of its Subsidiaries to,
directly or indirectly, enter into or permit to exist any transaction (including the purchase, sale, lease or exchange of any property or the rendering of any service) with any Affiliate of Holdings on terms that are less favorable to Holdings or
that Subsidiary, as the case may be, than those that might be obtained at the time from a Person who is not such a holder or Affiliate; provided, the foregoing restriction shall not apply to (a) any transaction between or among Holdings
(subject to the restrictions contained in Section 6.13), Borrower and any Guarantor Subsidiary; (b) reasonable and customary fees paid to members of the board of directors (or similar governing body) of Holdings and its
Subsidiaries; (c) compensation arrangements for officers and other employees of Holdings and its Subsidiaries entered into in the ordinary course of business; (d) transactions described in Schedule 6.11; (e) transactions
contemplated by the applicable Restructuring Documentation, the Parent Holding Company Formation Transaction and the Holdings Merger; (f) Restricted Junior Payments permitted pursuant to Sections 6.4(c) and (e);
(g) the performance of Holding’s or any Subsidiary’s obligations under any employment contract, collective bargaining agreement, employee benefit plan, related trust agreement or any other similar arrangement heretofore or
hereafter entered into in the ordinary course of business; (h) the maintenance of benefit programs or arrangements for employees, officers or directors, including, without limitation, vacation plans, health and life insurance plans, deferred
compensation plans, and retirement or savings plans and similar plans, in each case, in the ordinary course of business; (i) the Management Agreement; provided that payment of management fees thereunder shall be subject to the provisions
of Section 6.4; and (j) transactions solely between Foreign Subsidiaries. 

  
 91 

 6.12. Conduct of Business. From and after the Closing Date, no
Credit Party shall, nor shall it permit any of its Subsidiaries to, engage in any business other than (i) the businesses engaged in by such Credit Party on the Closing Date and similar or related businesses, and businesses ancillary or
incidental to the foregoing and (ii) in the case of any Subsidiary or unit or division of any Subsidiary acquired pursuant to a Permitted Acquisition or an Investment permitted by Section 6.6(m) or Section 6.6(n), any
other lines of business that, in the good faith judgment of the Borrower, are complementary or ancillary to the business described in clause (i) above. 
 6.13. Permitted Activities of Holdings. Holdings shall not (a) incur, directly or indirectly, any Indebtedness or any other obligation or liability whatsoever other than the Indebtedness and
obligations under this Agreement, the other Credit Documents or Indebtedness permitted under Section 6.1(o) and, in each case, the credit documents related thereto (other than nonconsensual obligations imposed by operation of law);
(b) create or suffer to exist any Lien upon any property or assets now owned or hereafter acquired, leased or licensed by it other than the Liens created under the Collateral Documents to which it is a party or permitted pursuant to
Section 6.2; (c) engage in any business or activity or own any assets other than (i) holding 100% of the Equity Interests of Borrower, (ii) performing its obligations and activities incidental thereto under the Credit
Documents, and to the extent not inconsistent therewith, prior to the Funding Date, the Existing Term Loan Agreement and the Existing Revolving Credit Agreement and, on and after the Funding Date, this Agreement, the Credit Documents, the
Replacement Revolving Credit Facility and the credit documents related thereto; (iii) performing its obligations and activities incidental to the consummation of the transactions contemplated by the applicable Restructuring Documentation,
(iv) making Restricted Junior Payments and Investments to the extent permitted by this Agreement, (v) incurring and holding any Indebtedness permitted pursuant to Section 6.1(c), (h), (l), (o) or
(q), (vi) participating in tax, accounting and administrative activities as part of the consolidated group of Borrower, (vii) issuing and selling Equity Interests, and repurchasing such interests, to the extent neither the issuance
thereof nor the investment therein is otherwise prohibited by the terms of this Agreement, and receiving equity contributions in respect thereof (and subsequently contributing such equity contributions to Borrower), and (viii) engaging in the
Parent Holding Company Formation Transaction, if it elects to do so, and the Holdings Merger; (d) consolidate with or merge with or into, or convey, transfer, lease or license all or substantially all its assets to, any Person other than
pursuant to the Parent Holding Company Formation Transaction and the Holdings Merger; (e) sell or otherwise dispose of any Equity Interests of any of its Subsidiaries (except for any sale of Equity Interests of any of its Subsidiaries in
compliance with the provisions of Section 6.8); (f) create or acquire any direct Subsidiary or make or own any Investment in any Person other than Borrower; or (g) fail to hold itself out to the public as a legal entity
separate and distinct from all other Persons. 
 6.14. Amendments or Waivers of Organizational Documents and Certain Related
Agreements and Other Documents. Except as set forth in Section 6.15 or otherwise pursuant to the Plan of Reorganization, no Credit Party shall, nor shall it permit any of its Subsidiaries to, (a) agree to any material amendment,
restatement, supplement or other modification to, or waiver of, any of its Organizational Documents that would adversely affect in any material respect the Lenders or their rights in the good faith judgment of Administrative Agent or the Requisite
Lenders after the Closing Date without obtaining the prior written consent of Requisite Lenders to such amendment, restatement, supplement or other modification or waiver, (b) agree to any amendment, restatement, supplement or other
modification to, or waiver of, any Replacement Revolving Credit Facility Document to the extent prohibited by the Intercreditor Agreement 

  
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or make any payment consistent with any such amendment, restatement, supplement or other modification or (c) agree to any amendment, restatement, supplement or other modification to, or
waiver of, the Interim Approval Order, the Final Approval Order, the Plan of Reorganization, the Confirmation Order or the Exchange Offer Documentation that would adversely affect in any material respect the Lenders or their rights after the Closing
Date (as determined in good faith by the Administrative Agent) without obtaining the prior written consent of Requisite Lenders to such amendment, restatement, supplement or other modification or waiver. 

6.15. Amendments or Waivers with respect to Certain Indebtedness. Except pursuant to the applicable Restructuring Documentation
and as permitted by the Intercreditor Agreement, no Credit Party shall, nor shall it permit any of its Subsidiaries to, amend or otherwise change the terms of the Senior Subordinated Notes, the Existing Term Loan Agreement or Existing Revolving
Credit Agreement or make any payment consistent with an amendment thereof or change thereto, if the effect of such amendment or change is to increase the interest rate on such Senior Subordinated Notes, Existing Term Loan Agreement or Existing
Revolving Credit Agreement, change (to earlier dates) any dates upon which payments of principal or interest are due thereon, change any event of default or condition to an event of default with respect thereto (other than to eliminate any such
event of default or increase any grace period related thereto), change the redemption, prepayment or defeasance provisions thereof, change the subordination provisions of the Senior Subordinated Notes, or if the effect of such amendment or change,
together with all other amendments or changes made, is to increase materially the obligations of the obligor thereunder or to confer any additional rights on the holders of such Senior Subordinated Notes, Existing Term Loan Agreement or Existing
Revolving Credit Agreement (or a trustee or other representative on their behalf) which would be adverse to any Credit Party or Lenders. 
 6.16. Fiscal Year. No Credit Party shall, nor shall it permit any of its Subsidiaries to change its Fiscal Year-end from the Saturday closest to December 31. 

SECTION 7. GUARANTY 
 7.1. Guaranty of the Obligations. Subject to the provisions of Section 7.2, Guarantors jointly and severally hereby irrevocably and unconditionally guaranty to Administrative Agent for
the ratable benefit of the Beneficiaries the due and punctual payment in full of all Obligations when the same shall become due, whether at stated maturity, by required prepayment, declaration, acceleration, demand or otherwise (including amounts
that would become due but for the operation of the automatic stay under Section 362(a) of the Bankruptcy Code, 11 U.S.C. § 362(a)) (collectively, the “Guaranteed Obligations”). 

7.2. Contribution by Guarantors. All Guarantors desire to allocate among themselves (collectively, the “Contributing
Guarantors”), in a fair and equitable manner, their obligations arising under this Guaranty. Accordingly, in the event any payment or distribution is made on any date by a Guarantor (a “Funding Guarantor”) under this
Guaranty such that its Aggregate Payments exceeds its Fair Share as of such date, such Funding Guarantor shall be entitled to a contribution from each of the other Contributing Guarantors in an amount sufficient to cause each Contributing
Guarantor’s Aggregate Payments to equal its Fair Share as of such date. “Fair Share” means, with respect to a Contributing Guarantor as of any date of determination, an amount equal to (a) the ratio of (i) the Fair
Share Contribution Amount with respect to such Contributing Guarantor to (ii) the aggregate of the Fair Share Contribution Amounts with respect to all Contributing Guarantors multiplied by (b) the aggregate amount paid or distributed on or
before such 

  
 93 

 
date by all Funding Guarantors under this Guaranty in respect of the obligations Guaranteed. “Fair Share Contribution Amount” means, with respect to a Contributing Guarantor as
of any date of determination, the maximum aggregate amount of the obligations of such Contributing Guarantor under this Guaranty that would not render its obligations hereunder or thereunder subject to avoidance as a fraudulent transfer or
conveyance under Section 548 of Title 11 of the United States Code or any comparable applicable provisions of state law; provided, solely for purposes of calculating the “Fair Share Contribution Amount” with respect to
any Contributing Guarantor for purposes of this Section 7.2, any assets or liabilities of such Contributing Guarantor arising by virtue of any rights to subrogation, reimbursement or indemnification or any rights to or obligations of
contribution hereunder shall not be considered as assets or liabilities of such Contributing Guarantor. “Aggregate Payments” means, with respect to a Contributing Guarantor as of any date of determination, an amount equal to
(1) the aggregate amount of all payments and distributions made on or before such date by such Contributing Guarantor in respect of this Guaranty (including in respect of this Section 7.2), minus (2) the aggregate amount of all
payments received on or before such date by such Contributing Guarantor from the other Contributing Guarantors as contributions under this Section 7.2. The amounts payable as contributions hereunder shall be determined as of the date on
which the related payment or distribution is made by the applicable Funding Guarantor. The allocation among Contributing Guarantors of their obligations as set forth in this Section 7.2 shall not be construed in any way to limit the
liability of any Contributing Guarantor hereunder. Each Guarantor is a third party beneficiary to the contribution agreement set forth in this Section 7.2. 
 7.3. Payment by Guarantors. Subject to Section 7.2, Guarantors hereby jointly and severally agree, in furtherance of the foregoing and not in limitation of any other right which any
Beneficiary may have at law or in equity against any Guarantor by virtue hereof, that upon the failure of Borrower to pay any of the Guaranteed Obligations when and as the same shall become due, whether at stated maturity, by required prepayment,
declaration, acceleration, demand or otherwise (including amounts that would become due but for the operation of the automatic stay under Section 362(a) of the Bankruptcy Code, 11 U.S.C. § 362(a)), Guarantors will upon demand
pay, or cause to be paid, in Cash, to Administrative Agent for the ratable benefit of Beneficiaries, an amount equal to the sum of the unpaid principal amount of all Guaranteed Obligations then due as aforesaid, accrued and unpaid interest on such
Guaranteed Obligations (including interest which, but for Borrower’s becoming the subject of a case under the Bankruptcy Code, would have accrued on such Guaranteed Obligations, whether or not a claim is allowed against Borrower for such
interest in the related bankruptcy case) and all other Guaranteed Obligations then owed to Beneficiaries as aforesaid. 

7.4. Liability of Guarantors Absolute. Each Guarantor agrees that its obligations hereunder are irrevocable, absolute, independent
and unconditional and shall not be affected by any circumstance which constitutes a legal or equitable discharge of a guarantor or surety other than payment in full of the Guaranteed Obligations. In furtherance of the foregoing and without limiting
the generality thereof, each Guarantor agrees as follows: 
 (a) this Guaranty is a guaranty of payment when due and not of
collectability. This Guaranty is a primary obligation of each Guarantor and not merely a contract of surety; 
 (b) subject to
the Intercreditor Agreement, Administrative Agent may enforce this Guaranty upon the occurrence of an Event of Default notwithstanding the existence of any dispute between Borrower and any Beneficiary with respect to the existence of such Event of
Default; 
 (c) the obligations of each Guarantor hereunder are independent of the obligations of Borrower and the obligations
of any other guarantor (including any other Guarantor) of the obligations of 

  
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Borrower, and a separate action or actions may be brought and prosecuted against such Guarantor whether or not any action is brought against Borrower or any of such other guarantors and whether
or not Borrower is joined in any such action or actions; 
 (d) payment by any Guarantor of a portion, but not all, of the
Guaranteed Obligations shall in no way limit, affect, modify or abridge any Guarantor’s liability for any portion of the Guaranteed Obligations which has not been paid. Without limiting the generality of the foregoing, if Administrative Agent
is awarded a judgment in any suit brought to enforce any Guarantor’s covenant to pay a portion of the Guaranteed Obligations, such judgment shall not be deemed to release such Guarantor from its covenant to pay the portion of the Guaranteed
Obligations that is not the subject of such suit, and such judgment shall not, except to the extent satisfied by such Guarantor, limit, affect, modify or abridge any other Guarantor’s liability hereunder in respect of the Guaranteed
Obligations; 
 (e) any Beneficiary, upon such terms as it deems appropriate, without notice or demand and without affecting the
validity or enforceability hereof or giving rise to any reduction, limitation, impairment, discharge or termination of any Guarantor’s liability hereunder, from time to time may (i) renew, extend, accelerate, increase the rate of interest
on, or otherwise change the time, place, manner or terms of payment of the Guaranteed Obligations; (ii) settle, compromise, release or discharge, or accept or refuse any offer of performance with respect to, or substitutions for, the Guaranteed
Obligations or any agreement relating thereto and/or subordinate the payment of the same to the payment of any other obligations; (iii) request and accept other guaranties of the Guaranteed Obligations and take and hold security for the payment
hereof or the Guaranteed Obligations; (iv) release, surrender, exchange, substitute, compromise, settle, rescind, waive, alter, subordinate or modify, with or without consideration, any security for payment of the Guaranteed Obligations, any
other guaranties of the Guaranteed Obligations, or any other obligation of any Person (including any other Guarantor) with respect to the Guaranteed Obligations; (v) enforce and apply any security now or hereafter held by or for the benefit of
such Beneficiary in respect hereof or the Guaranteed Obligations and direct the order or manner of sale thereof, or exercise any other right or remedy that such Beneficiary may have against any such security, in each case as such Beneficiary in its
discretion may determine consistent herewith or the applicable Hedge Agreement and any applicable security agreement, including foreclosure on any such security pursuant to one or more judicial or nonjudicial sales, whether or not every aspect of
any such sale is commercially reasonable, and even though such action operates to impair or extinguish any right of reimbursement or subrogation or other right or remedy of any Guarantor against any other Credit Party or any security for the
Guaranteed Obligations; and (vi) exercise any other rights available to it under the Credit Documents or any Hedge Agreements; and 
 (f) this Guaranty and the obligations of Guarantors hereunder shall be valid and enforceable and shall not be subject to any reduction, limitation, impairment, discharge or termination for any reason
(other than payment in full of the Guaranteed Obligations), including the occurrence of any of the following, whether or not any Guarantor shall have had notice or knowledge of any of them: (i) any failure or omission to assert or enforce or
agreement or election not to assert or enforce, or the stay or enjoining, by order of court, by operation of law or otherwise, of the exercise or enforcement of, any claim or demand or any right, power or remedy (whether arising under the Credit
Documents or any Hedge Agreements, at law, in equity or otherwise) with respect to the Guaranteed Obligations or any agreement relating thereto, or with respect to any other guaranty of or security for the payment of the Guaranteed Obligations;
(ii) any rescission, waiver, amendment or modification of, or any consent to departure from, any of the terms or provisions (including provisions relating to events of default) hereof, any of the other Credit Documents, any of the Hedge
Agreements or any agreement or instrument executed pursuant thereto, or of any other guaranty or security for the Guaranteed Obligations, in each case whether or not in accordance with the terms hereof or such Credit Document, such Hedge Agreement
or any agreement relating to such other guaranty or security; (iii) the Guaranteed Obligations, 

  
 95 

 
or any agreement relating thereto, at any time being found to be illegal, invalid or unenforceable in any respect; (iv) the application of payments received from any source (other than
payments received pursuant to the other Credit Documents or any of the Hedge Agreements or from the proceeds of any security for the Guaranteed Obligations, except to the extent such security also serves as collateral for indebtedness other than the
Guaranteed Obligations) to the payment of indebtedness other than the Guaranteed Obligations, even though any Beneficiary might have elected to apply such payment to any part or all of the Guaranteed Obligations; (v) any Beneficiary’s
consent to the change, reorganization or termination of the corporate structure or existence of Holdings or any of its Subsidiaries and to any corresponding restructuring of the Guaranteed Obligations; (vi) any failure to perfect or continue
perfection of a security interest in any collateral which secures any of the Guaranteed Obligations; (vii) any defenses, set-offs or counterclaims which Borrower may allege or assert against any Beneficiary in respect of the Guaranteed
Obligations, including failure of consideration, breach of warranty, payment, statute of frauds, statute of limitations, accord and satisfaction and usury; and (viii) any other act or thing or omission, or delay to do any other act or thing,
which may or might in any manner or to any extent vary the risk of any Guarantor as an obligor in respect of the Guaranteed Obligations. 
 7.5. Waivers by Guarantors. To the fullest extent permitted by applicable law, each Guarantor hereby waives, for the benefit of Beneficiaries: (a) any right to require any Beneficiary, as a
condition of payment or performance by such Guarantor, to (i) proceed against Borrower, any other guarantor (including any other Guarantor) of the Guaranteed Obligations or any other Person, (ii) proceed against or exhaust any security
held from Borrower, any such other guarantor or any other Person, (iii) proceed against or have resort to any balance of any Deposit Account or credit on the books of any Beneficiary in favor of any Credit Party or any other Person, or
(iv) pursue any other remedy in the power of any Beneficiary whatsoever; (b) any defense arising by reason of the incapacity, lack of authority or any disability or other defense of Borrower or any other Guarantor including any defense
based on or arising out of the lack of validity or the unenforceability of the Guaranteed Obligations or any agreement or instrument relating thereto or by reason of the cessation of the liability of Borrower or any other Guarantor from any cause
other than payment in full of the Guaranteed Obligations; (c) any defense based upon any statute or rule of law which provides that the obligation of a surety must be neither larger in amount nor in other respects more burdensome than that of
the principal; (d) any defense based upon any Beneficiary’s errors or omissions in the administration of the Guaranteed Obligations, except behavior which amounts to bad faith; (e) (i) any principles or provisions of law,
statutory or otherwise, which are or might be in conflict with the terms hereof and any legal or equitable discharge of such Guarantor’s obligations hereunder, (ii) the benefit of any statute of limitations affecting such Guarantor’s
liability hereunder or the enforcement hereof, (iii) any rights to set-offs, recoupments and counterclaims, and (iv) promptness, diligence and any requirement that any Beneficiary protect, secure, perfect or insure any security interest or
lien or any property subject thereto; (f) notices, demands (except as provided in Section 7.3 hereof), presentments, protests, notices of protest, notices of dishonor and notices of any action or inaction, including acceptance
hereof, notices of default hereunder, the Hedge Agreements or any agreement or instrument related thereto, notices of any renewal, extension or modification of the Guaranteed Obligations or any agreement related thereto, notices of any extension of
credit to Borrower and notices of any of the matters referred to in Section 7.4 and any right to consent to any thereof; and (g) any defenses or benefits that may be derived from or afforded by law which limit the liability of or
exonerate guarantors or sureties, or which may conflict with the terms hereof (other than the defense of payment in full in cash of the Guaranteed Obligations). 
 7.6. Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations (other than Unasserted Obligations) shall have been paid in full in cash, each Guarantor hereby
waives any claim, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against Borrower or any other Guarantor or any of its assets in 

  
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connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right or remedy arises in equity, under contract, by statute,
under common law or otherwise and including (a) any right of subrogation, reimbursement or indemnification that such Guarantor now has or may hereafter have against Borrower with respect to the Guaranteed Obligations, (b) any right to
enforce, or to participate in, any claim, right or remedy that any Beneficiary now has or may hereafter have against Borrower, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any
Beneficiary. In addition, until the Guaranteed Obligations (other than Unasserted Obligations) shall have been paid in full in cash, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other
guarantor (including any other Guarantor) of the Guaranteed Obligations, including any such right of contribution as contemplated by Section 7.2. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the
exercise of its rights of subrogation, reimbursement, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement or
indemnification such Guarantor may have against Borrower or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary
may have against Borrower, to all right, title and interest any Beneficiary may have in any such collateral or security, and to any right any Beneficiary may have against such other guarantor. If any amount shall be paid to any Guarantor on account
of any such subrogation, reimbursement, indemnification or contribution rights at any time when all Guaranteed Obligations shall not have been finally paid in full in cash, such amount shall be held in trust for Administrative Agent on behalf of
Beneficiaries and shall forthwith be paid over to Administrative Agent for the benefit of Beneficiaries to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof. 

7.7. Subordination of Other Obligations. Any Indebtedness of Borrower or any Guarantor now or hereafter held by any Guarantor (the
“Obligee Guarantor”) is hereby subordinated in right of payment to the Guaranteed Obligations, and any such Indebtedness collected or received by the Obligee Guarantor after an Event of Default has occurred and is continuing shall be held
in trust for Administrative Agent on behalf of Beneficiaries and shall forthwith be paid over to Administrative Agent for the benefit of Beneficiaries to be credited and applied against the Guaranteed Obligations but without affecting, impairing or
limiting in any manner the liability of the Obligee Guarantor under any other provision hereof. 
 7.8. Continuing
Guaranty. This Guaranty is a continuing guaranty and shall remain in effect until all of the Guaranteed Obligations (other than Unasserted Obligations) shall have been paid in full. Each Guarantor hereby irrevocably waives any right to revoke
this Guaranty as to future transactions giving rise to any Guaranteed Obligations. 
 7.9. Authority of Guarantors or
Borrower. It is not necessary for any Beneficiary to inquire into the capacity or powers of any Guarantor or Borrower or the officers, directors or any agents acting or purporting to act on behalf of any of them. 

7.10. Financial Condition of Borrower. Any Credit Extension may be made to Borrower or continued from time to time, and any Hedge
Agreements may be entered into from time to time, in each case without notice to or authorization from any Guarantor regardless of the financial or other condition of Borrower at the time of any such grant or continuation or at the time such Hedge
Agreement is entered into, as the case may be. No Beneficiary shall have any obligation to disclose or discuss with any Guarantor its assessment, or any Guarantor’s assessment, of the financial condition of Borrower. Each Guarantor has adequate
means to obtain information from Borrower on a continuing basis concerning the financial condition of Borrower and its 

  
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ability to perform its obligations under the Credit Documents and the Hedge Agreements, and each Guarantor assumes the responsibility for being and keeping informed of the financial condition of
Borrower and of all circumstances bearing upon the risk of nonpayment of the Guaranteed Obligations. Each Guarantor hereby waives and relinquishes any duty on the part of any Beneficiary to disclose any matter, fact or thing relating to the
business, operations or conditions of Borrower now known or hereafter known by any Beneficiary. 
 7.11. Bankruptcy, Etc.
(a) So long as any Guaranteed Obligations (other than Unasserted Obligations) remain outstanding, no Guarantor shall, without the prior written consent of Administrative Agent acting pursuant to the instructions of Requisite Lenders, commence or
join with any other Person in commencing any bankruptcy, reorganization or insolvency case or proceeding (other than the Chapter 11 Cases) of or against Borrower or any other Guarantor. The obligations of Guarantors hereunder shall not be reduced,
limited, impaired, discharged, deferred, suspended or terminated by any case or proceeding, voluntary or involuntary, involving the bankruptcy, insolvency, receivership, reorganization, liquidation or arrangement of Borrower or any other Guarantor
or by any defense which Borrower or any other Guarantor may have by reason of the order, decree or decision of any court or administrative body resulting from any such proceeding. 

(b) Each Guarantor acknowledges and agrees that any interest on any portion of the Guaranteed Obligations which accrues after the
commencement of any case or proceeding referred to in clause (a) above (or, if interest on any portion of the Guaranteed Obligations ceases to accrue by operation of law by reason of the commencement of such case or proceeding, such
interest as would have accrued on such portion of the Guaranteed Obligations if such case or proceeding had not been commenced) shall be included in the Guaranteed Obligations because it is the intention of Guarantors and Beneficiaries that the
Guaranteed Obligations which are guaranteed by Guarantors pursuant hereto should be determined without regard to any rule of law or order which may relieve Borrower of any portion of such Guaranteed Obligations. Guarantors will permit any trustee in
bankruptcy, receiver, debtor in possession, assignee for the benefit of creditors or similar Person to pay Administrative Agent, or allow the claim of Administrative Agent in respect of, any such interest accruing after the date on which such case
or proceeding is commenced. 
 (c) In the event that all or any portion of the Guaranteed Obligations are paid by Borrower, the
obligations of Guarantors hereunder shall continue and remain in full force and effect or be reinstated, as the case may be, in the event that all or any part of such payment(s) are rescinded or recovered directly or indirectly from any Beneficiary
as a preference, fraudulent transfer or otherwise, and any such payments which are so rescinded or recovered shall constitute Guaranteed Obligations for all purposes hereunder. 

7.12. Discharge of Guaranty Upon Sale of Guarantor. If all of the Equity Interests of any Guarantor or any of its successors in
interest hereunder shall be sold or otherwise disposed of (including by merger or consolidation) in accordance with the terms and conditions hereof, the Guaranty of such Guarantor or such successor in interest, as the case may be, hereunder shall
automatically be discharged and released without any further action by any Beneficiary or any other Person effective as of the time of such Asset Sale. 

  
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 SECTION 8. EVENTS OF DEFAULT 

8.1. Events of Default. If any one or more of the following conditions or events shall occur: 

(a) Failure to Make Payments When Due. Failure by Borrower to pay (i) when due any installment of principal of any Loan,
whether at stated maturity, by acceleration, by notice of voluntary prepayment, by mandatory prepayment or otherwise; or (ii) any interest on any Loan or any fee or any other amount due hereunder within three days after the date due; or

 (b) Default in Other Agreements. (i) Except in accordance with the Plan or Reorganization and in connection with
the Chapter 11 Cases, if the Chapter 11 Cases have commenced, failure of any Credit Party or any of their respective Subsidiaries to pay when due (or, in the case of the Replacement Revolving Credit Facility, within 3 days after the due date
thereof) any principal of or interest on or any other amount, including any payment in settlement, payable in respect of one or more items of Indebtedness (other than Indebtedness referred to in Section 8.1(a)) in an individual or an
aggregate principal amount (or Net Mark-to-Market Exposure) of $5,000,000 or more, in each case beyond the grace period, if any, provided therefor; or (ii) except in accordance with the Plan or Reorganization and in connection with the Chapter
11 Cases, if the Chapter 11 Cases have commenced, breach or default by any Credit Party with respect to any other material term of (1) one or more items of Indebtedness in the individual or aggregate principal amounts (or Net Mark-to-Market
Exposure) referred to in clause (i) above or (2) any loan agreement, mortgage, indenture or other agreement relating to such item(s) of Indebtedness, in each case beyond the grace period, if any, provided therefor, if as a result of
such breach or default the holder or holders of that Indebtedness (or a trustee on behalf of such holder or holders) cause, or are permitted to cause, that Indebtedness to become or be declared due and payable (or subject to a compulsory repurchase
or redeemable) prior to its stated maturity or the stated maturity of any underlying obligation, as the case may be (provided that, if such other breach or default described in this clause (ii) is a non-payment default or
non-payment breach under the Replacement Revolving Credit Facility Documents that shall not have resulted in the Indebtedness under the Replacement Revolving Credit Facility Documents being accelerated, such other breach or default shall have
continued for 3 days after the end of the cure or grace period specified in the Replacement Revolving Credit Facility Documents as being applicable to such breach or default before being deemed an Event of Default under this clause (ii)); or

 (c) Breach of Certain Covenants. Failure of any Credit Party to perform or comply with any term or condition contained
in Section 2.6, Sections 5.1(a), 5.1(b), 5.1(c), 5.1(d) and 5.1(f), Section 5.2, Section 5.14, 5.15 or Section 6; or 

(d) Breach of Representations, Etc. Any representation, warranty, certification or other statement made or deemed made by any
Credit Party in any Credit Document or in any statement or certificate at any time given by any Credit Party or any of its Subsidiaries in writing pursuant hereto or thereto or in connection herewith or therewith shall be false in any material
respect as of the date made or deemed made; or 
 (e) Other Defaults Under Credit Documents. Any Credit Party shall
default in the performance of or compliance with any term contained herein or any of the other Credit Documents, other than any such term referred to in any other Section of this Section 8.1, and such default shall not have been remedied
or waived within thirty days after the earlier of (i) an officer of such Credit Party becoming aware of such default or (ii) receipt by Borrower of notice from Administrative Agent or any Lender of such default; or 

(f) Involuntary Bankruptcy; Appointment of Receiver, Etc. Other than in connection with the Chapter 11 Cases, if the Chapter 11
Cases have commenced, (i) a court of competent jurisdiction shall enter a decree or order for relief in respect of Holdings or any of its Subsidiaries in an involuntary case under the Bankruptcy Code or under any other applicable bankruptcy,
insolvency or similar law now or hereafter in effect, which decree or order is not stayed; or any other similar relief shall be granted under 

  
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any applicable federal or state law; or (ii) an involuntary case shall be commenced against Holdings or any of its Subsidiaries under the Bankruptcy Code or under any other applicable
bankruptcy, insolvency or similar law now or hereafter in effect; or a decree or order of a court having jurisdiction in the premises for the appointment of a receiver, liquidator, sequestrator, trustee, custodian or other officer having similar
powers over Holdings or any of its Subsidiaries, or over all or a substantial part of its property, shall have been entered; or there shall have occurred the involuntary appointment of an interim receiver, trustee or other custodian of Holdings or
any of its Subsidiaries for all or a substantial part of its property; or a warrant of attachment, execution or similar process shall have been issued against any substantial part of the property of Holdings or any of its Subsidiaries, and any such
event described in this clause (ii) shall continue for sixty days without having been dismissed, bonded or discharged; or 
 (g) Voluntary Bankruptcy; Appointment of Receiver, Etc. Other than in connection with the Chapter 11 Cases, if the Chapter 11 Cases have commenced, (i) Holdings or any of its Subsidiaries
shall have an order for relief entered with respect to it or shall commence a voluntary case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect, or shall consent to the entry of
an order for relief in an involuntary case, or to the conversion of an involuntary case to a voluntary case, under any such law, or shall consent to the appointment of or taking possession by a receiver, trustee or other custodian for all or a
substantial part of its property; or Holdings or any of its Subsidiaries shall make any assignment for the benefit of creditors; or (ii) Holdings or any of its Subsidiaries shall be unable, or shall fail generally, or shall admit in writing its
inability, to pay its debts as such debts become due; or the board of directors (or similar governing body) of Holdings or any of its Subsidiaries (or any committee thereof) shall adopt any resolution or otherwise authorize any action to approve any
of the actions referred to herein or in Section 8.1(f); or 
 (h) Judgments and Attachments. (i) At any
time after the Plan Effective Date, if the Chapter 11 Cases have commenced, or (ii) otherwise at any time, any money judgment, writ or warrant of attachment or similar process involving in any individual case or in the aggregate with more than
one case at any time an amount in excess of $5,000,000 (in either case to the extent not adequately covered by insurance as to which a solvent and unaffiliated insurance company has not denied coverage) shall be entered or filed against Holdings or
any of its Subsidiaries or any of their respective assets and shall remain undischarged, unvacated, unbonded or unstayed for a period of sixty days (or in any event later than five days prior to the date of any proposed sale thereunder); or

 (i) Dissolution. Other than in connection with the Chapter 11 Cases, any order, judgment or decree shall be entered
against any Credit Party decreeing the dissolution or split up of such Credit Party and such order shall remain undischarged or unstayed for a period in excess of thirty days; or 

(j) Employee Benefit Plans. At any time after the Funding Date, there shall occur one or more ERISA Events which individually or
in the aggregate would reasonably be expected to result in an obligation of Holdings or any of its Subsidiaries in excess of $5,000,000 or a Lien on the assets of Holdings or any of its Subsidiaries; or 

(k) Change of Control. A Change of Control shall occur; or 

(l) Guaranties, Collateral Documents and other Credit Documents. At any time after the execution and delivery thereof,
(i) the Guaranty for any reason, other than the satisfaction in full of all Obligations, shall cease to be in full force and effect (other than in accordance with its terms) or shall be declared to be null and void or any Guarantor shall
repudiate its obligations thereunder, (ii) this Agreement or any Collateral Document ceases to be in full force and effect (other than by reason of a release of Collateral in accordance with the terms hereof or thereof or the satisfaction in
full of the Obligations in accordance with the terms hereof) or shall be declared null and void, or Collateral Agent 

  
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shall not have or shall cease to have a valid and perfected Lien in any Collateral (other than any immaterial item of Collateral) purported to be covered by the Collateral Documents to the extent
required by the relevant Collateral Documents and with the priority required by the relevant Collateral Document, in each case for any reason other than the failure of Collateral Agent or any Secured Party to take any action within its control, or
(iii) any Credit Party shall contest the validity or enforceability of any Credit Document in writing or deny in writing that it has any further liability, including with respect to future advances by Lenders, under any Credit Document to which
it is a party or shall contest the validity or perfection of any Lien in any Collateral purported to be covered by the Collateral Documents; or 
 (m) The Chapter 11 Cases. If the Chapter 11 Cases have been filed, then prior to the Plan Effective Date: 
 (i) entry of an order or filing of a motion by any Credit Party, or any Credit Party supporting the entry of an order or filing of a motion, (A) authorizing, approving, granting or seeking additional
Post-Petition financing under Section 364(c) or (d) of the Bankruptcy Code other than Indebtedness permitted under this Agreement or as provided in the Interim Approval Order and/or Final Approval Order, (B) entry of an order
dismissing, or any Credit Party seeking the dismissal of, any of the Chapter 11 Cases or converting any of the Chapter 11 Cases to a Chapter 7 case, (C) appointing a Chapter 11 trustee or an examiner in any of the Chapter 11 Cases having
enlarged powers (beyond those set forth under Sections 1106(a)(3) and (4) of the Bankruptcy Code), (D) granting any other super-priority Claim senior to or pari passu with the super-priority Claims of Administrative Agent and Lenders
(except for those superpriority claims described in the Interim Approval Order or the Final Approval Order, whichever is then in effect, as claims permitted to be pari passu or senior) with respect to the Indebtedness owed thereunder,
(E) authorizing or approving any other action materially adverse to the Secured Parties or their rights and remedies under the Credit Documents or under the Interim Approval Order or the Final Approval Order, whichever is then in effect, or
their interest in any material portion of the Collateral, or (F) granting relief from the automatic stay to permit any secured creditor (other than the Secured Parties) to enforce or otherwise take action with respect to any material
Collateral; or 
 (ii) the commencement of any action, suit or proceeding before any Governmental Authority
against any of the Secured Parties (solely in their capacities as such under the Credit Documents) by or on behalf of any Credit Party or any of its Affiliates, officers or employees; or 

(iii) once entered by the Bankruptcy Court, the Interim Approval Order (prior to entry of the Final Approval Order) shall
cease to be in full force and effect or shall have been (in a manner that is adverse to the Arranger, the Administrative Agent or the Lenders as determined in good faith by the Administrative Agent) reversed, modified, amended, stayed or vacated, in
the case of any modification or amendment that is adverse to the Lenders (as determined in good faith by the Administrative Agent), without the prior written consent of Administrative Agent and Requisite Lenders; or 

(iv) the Final Approval Order shall not have been entered by the Bankruptcy Court on or before the date that is 45 days
after the entry of the Interim Approval Order; or 
 (v) once entered by the Bankruptcy Court, the Final Approval
Order shall cease to be in full force and effect or shall have been (in a manner that is adverse to the Arranger, the Administrative Agent or the Lenders as determined in good faith by the Administrative Agent) reversed, modified, amended, stayed or
vacated, in the case of any modification or amendment that is adverse to the Lenders (as determined in good faith by the Administrative Agent), without the prior written consent of Administrative Agent and Requisite Lenders; or 

  
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 (vi) after entry thereof, the Confirmation Order shall cease to be in full
force and effect or shall have been (in a manner that is adverse to the Arranger, the Administrative Agent or the Lenders as determined in good faith by the Administrative Agent) reversed, modified, amended, stayed, vacated or made subject to stay
pending appeal, in the case of any modification or amendment that is adverse to the Lenders (as determined in the good faith judgment of Administrative Agent and Requisite Lenders), without the prior written consent of Administrative Agent and
Requisite Lenders; or 
 (vii) breach by any Credit Party of any provisions of the Interim Approval Order or the
Final Approval Order, which breach is material as determined in good faith by the Administrative Agent, or the Confirmation Order, in each case upon or after entry of the relevant order by the Bankruptcy Court; or 

(viii) there shall arise any claim having priority over any or all administrative expenses of the kind specified in clause
(b) of Section 503 or clause (b) of Section 507 of the Bankruptcy Code having a priority senior to or pari passu with the Obligations, except as expressly provided herein or in the Interim Approval Order or the Final Approval
Order (including but not limited to the carve-out set forth therein), whichever is then in effect; or 
 (ix)
(x) the Restructuring Support Agreement shall be terminated by any party thereto or shall otherwise cease to be in full force and effect, or shall have been amended, supplemented or otherwise modified in any manner that in the good faith
judgment of Administrative Agent and Requisite Lenders materially and adversely affects the interests, rights or remedies of any or all of the Agents, the Arranger and the Lenders, or (y) any party to the Restructuring Support Agreement shall
have breached the Restructuring Support Agreement in any manner that in the good faith judgment of Administrative Agent and Requisite Lenders materially and adversely affects the interests, rights or remedies of any or all of the Agents, the
Arranger and the Lenders; or 
 (x) (x) the Backstop Agreement shall be terminated by any party thereto or
shall otherwise cease to be in full force and effect, or shall have been amended, supplemented or otherwise modified in any manner that in the good faith judgment of Administrative Agent and Requisite Lenders materially and adversely affects the
interests, rights or remedies of any or all of the Agents, the Arranger and the Lenders, or (y) any party to the Backstop Agreement shall have breached the Backstop Agreement in any manner that in the good faith judgment of Administrative Agent
and Requisite Lenders materially and adversely affects the interests, rights or remedies of any or all of the Agents, the Arranger and the Lenders; 
 THEN, (1) upon the occurrence of any Event of Default described in Section 8.1(f), 8.1(g) or 8.1(m), automatically, and (2) upon the occurrence and during the
continuance of any other Event of Default, at the request of (or with the consent of) Requisite Lenders, upon notice to Borrower by Administrative Agent, (A) the Term Loan Commitments, if any, shall immediately terminate, (B) each of the
following shall immediately become due and payable, in each case without presentment, demand, protest or other requirements of any kind, all of which are hereby expressly waived by each Credit Party: (I) the unpaid principal amount of and
accrued interest on the Loans, and (II) all other Obligations; and (B) Administrative Agent may cause Collateral Agent to enforce any and all Liens and security interests created pursuant to Collateral Documents. 

  
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 8.2. Borrower’s Right to Cure. Notwithstanding anything to the contrary
contained in Section 8.1, for purposes of determining whether an Event of Default has occurred under any financial covenant set forth in Section 6.7, any Permitted Additional Equity contribution made to the Borrower after the
last day of any Fiscal Quarter and on or prior to the day that is 10 days after the day on which financial statements are required to be delivered for that Fiscal Quarter will, at the request of the Borrower, be included in the calculation of
Consolidated Adjusted EBITDA solely for the purposes of determining compliance with the financial covenants at the end of such Fiscal Quarter and any subsequent period that includes such Fiscal Quarter (any such equity contribution, a
“Specified Equity Contribution”); provided that (a) the Borrower shall not be permitted to so request that a Specified Equity Contribution be included in the calculation of Consolidated Adjusted EBITDA with respect to
any Fiscal Quarter unless, after giving effect to such requested Specified Equity Contribution, there will be a period of at least two consecutive Fiscal Quarters in the Relevant Four Fiscal Quarter Period in which no Specified Equity Contribution
has been made, (b) no more than two Specified Equity Contributions will be made in the aggregate (plus the Permitted Additional Equity Contribution contemplated in Section 3.2(r)), (c) the amount of any Specified Equity
Contribution will be no greater than the amount required to cause Borrower to be in compliance with the financial covenants, (d) all Specified Equity Contributions and the use of proceeds therefrom will be disregarded for all other purposes
under the Credit Documents (including calculating Consolidated Adjusted EBITDA for purposes of determining basket levels and other items governed by reference to Consolidated Adjusted EBITDA), and (e) the proceeds of all Specified Equity
Contributions will be applied to prepay the Term Loans in accordance with Section 2.14(f). For the avoidance of doubt, to the extent that the proceeds of the Specified Equity Contribution are used to repay Indebtedness, such Indebtedness
shall not be deemed to have been repaid for the sole purpose of calculating any financial covenant set forth in Section 6.7 as at the end of the Relevant Four Fiscal Quarter Period. For purposes of this paragraph, the term
“Relevant Four Fiscal Quarter Period” shall mean, with respect to any requested Specified Equity Contribution, the four Fiscal Quarter period ending on (and including) the Fiscal Quarter in which Consolidated Adjusted EBITDA will be
increased as a result of such Specified Equity Contribution. 
 SECTION 9. AGENTS 

9.1. Appointment of Agents. Goldman Sachs is hereby appointed Syndication Agent hereunder, and each Lender hereby authorizes
Goldman Sachs to act as Syndication Agent in accordance with the terms hereof and the other Credit Documents. Goldman Sachs is hereby appointed Administrative Agent and Collateral Agent hereunder and under the other Credit Documents and each Lender
hereby authorizes Goldman Sachs to act as Administrative Agent and Collateral Agent in accordance with the terms hereof and the other Credit Documents. Each Agent hereby agrees to act in its capacity as such upon the express conditions contained
herein and the other Credit Documents, as applicable. The provisions of this Section 9 are solely for the benefit of Agents and Lenders and no Credit Party shall have any rights as a third party beneficiary of any of the provisions
thereof. In performing its functions and duties hereunder, each Agent shall act solely as an agent of Lenders and does not assume and shall not be deemed to have assumed any obligation towards or relationship of agency or trust with or for Holdings
or any of its Subsidiaries. Syndication Agent, without consent of or notice to any party hereto, may assign any and all of its rights or obligations hereunder to any of its Affiliates. As of the Closing Date, Goldman Sachs, in its capacity as
Syndication Agent, shall not have any obligations but shall be entitled to all benefits of this Section 9. Each of Syndication Agent and any Agent described in clause (d) of the definition thereof may resign from such role at
any time, with immediate effect, by giving prior written notice thereof to Administrative Agent and Borrower. 

  
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 9.2. Powers and Duties. Each Lender irrevocably authorizes each Agent to take such
action on such Lender’s behalf and to exercise such powers, rights and remedies hereunder and under the other Credit Documents as are specifically delegated or granted to such Agent by the terms hereof and thereof, together with such powers,
rights and remedies as are reasonably incidental thereto. Each Agent shall have only those duties and responsibilities that are expressly specified herein and the other Credit Documents. Each Agent may exercise such powers, rights and remedies and
perform such duties by or through its agents or employees. No Agent shall have, by reason hereof or any of the other Credit Documents, a fiduciary relationship in respect of any Lender; and nothing herein or any of the other Credit Documents,
expressed or implied, is intended to or shall be so construed as to impose upon any Agent any obligations in respect hereof or any of the other Credit Documents except as expressly set forth herein or therein. 

9.3. General Immunity. 
 (a) No Responsibility for Certain Matters. No Agent shall be responsible to any Lender for the execution, effectiveness, genuineness, validity, enforceability, collectability or sufficiency hereof
or any other Credit Document or for any representations, warranties, recitals or statements made herein or therein or made in any written or oral statements or in any financial or other statements, instruments, reports or certificates or any other
documents furnished or made by any Agent to Lenders or by or on behalf of any Credit Party to any Agent or any Lender in connection with the Credit Documents and the transactions contemplated thereby or for the financial condition or business
affairs of any Credit Party or any other Person liable for the payment of any Obligations, nor shall any Agent be required to ascertain or inquire as to the performance or observance of any of the terms, conditions, provisions, covenants or
agreements contained in any of the Credit Documents or as to the use of the proceeds of the Loans or as to the existence or possible existence of any Event of Default or Default or to make any disclosures with respect to the foregoing. Anything
contained herein to the contrary notwithstanding, Administrative Agent shall not have any liability arising from confirmations of the amount of outstanding Loans or the component amounts thereof. 

(b) Exculpatory Provisions. No Agent nor any of its officers, partners, directors, employees or agents shall be liable to Lenders
for any action taken or omitted by any Agent under or in connection with any of the Credit Documents except to the extent caused by such Agent’s gross negligence or willful misconduct, as determined by a final, non-appealable judgment of a
court of competent jurisdiction. Each Agent shall be entitled to refrain from any act or the taking of any action (including the failure to take an action) in connection herewith or any of the other Credit Documents or from the exercise of any
power, discretion or authority vested in it hereunder or thereunder unless and until such Agent shall have received instructions in respect thereof from Requisite Lenders (or such other Lenders as may be required to give such instructions under
Section 10.5) and, upon receipt of such instructions from Requisite Lenders (or such other Lenders, as the case may be), such Agent shall be entitled to act or (where so instructed) refrain from acting, or to exercise such power,
discretion or authority, in accordance with such instructions. Without prejudice to the generality of the foregoing, (i) each Agent shall be entitled to rely, and shall be fully protected in relying, upon any communication, instrument or
document believed by it to be genuine and correct and to have been signed or sent by the proper Person or Persons, and shall be entitled to rely and shall be protected in relying on opinions and judgments of attorneys (who may be attorneys for
Holdings and its Subsidiaries), accountants, experts and other professional advisors selected by it; and (ii) no Lender shall have any right of action whatsoever against any Agent as a result of such Agent acting or (where so instructed)
refraining from acting hereunder or any of the other Credit Documents in accordance with the instructions of Requisite Lenders (or such other Lenders as may be required to give such instructions under Section 10.5). 

  
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 (c) Delegation of Duties. Administrative Agent may perform any and all of its duties
and exercise its rights and powers under this Agreement or under any other Credit Document by or through any one or more sub-agents appointed by Administrative Agent. Administrative Agent and any such sub-agent may perform any and all of its duties
and exercise its rights and powers by or through their respective Affiliates. The exculpatory, indemnification and other provisions of this Section 9.3 and of Section 9.6 shall apply to any the Affiliates of Administrative
Agent and shall apply to their respective activities in connection with the syndication of the credit facilities provided for herein as well as activities as Administrative Agent. All of the rights, benefits, and privileges (including the
exculpatory and indemnification provisions) of this Section 9.3 and of Section 9.6 shall apply to any such sub-agent and to the Affiliates of any such sub-agent, and shall apply to their respective activities as sub-agent as
if such sub-agent and Affiliates were named herein. Notwithstanding anything herein to the contrary, with respect to each sub-agent appointed by Administrative Agent, (i) such sub-agent shall be a third party beneficiary under this Agreement
with respect to all such rights, benefits and privileges (including exculpatory rights and rights to indemnification) and shall have all of the rights and benefits of a third party beneficiary, including an independent right of action to enforce
such rights, benefits and privileges (including exculpatory rights and rights to indemnification) directly, without the consent or joinder of any other Person, against any or all of Credit Parties and the Lenders, (ii) such rights, benefits and
privileges (including exculpatory rights and rights to indemnification) shall not be modified or amended without the consent of such sub-agent, and (iii) such sub-agent shall only have obligations to Administrative Agent and not to any Credit
Party, Lender or any other Person and no Credit Party, Lender or any other Person shall have any rights, directly or indirectly, as a third party beneficiary or otherwise, against such sub-agent. 

9.4. Agents Entitled to Act as Lender. The agency hereby created shall in no way impair or affect any of the rights and powers of,
or impose any duties or obligations upon, any Agent in its individual capacity as a Lender hereunder. With respect to its participation in the Loans, each Agent shall have the same rights and powers hereunder as any other Lender and may exercise the
same as if it were not performing the duties and functions delegated to it hereunder, and the term “Lender” shall, unless the context clearly otherwise indicates, include each Agent in its individual capacity. Any Agent and its Affiliates
may accept deposits from, lend money to, own securities of, and generally engage in any kind of banking, trust, financial advisory or other business with Holdings or any of its Affiliates as if it were not performing the duties specified herein, and
may accept fees and other consideration from Borrower for services in connection herewith and otherwise without having to account for the same to Lenders. 
 9.5. Lenders’ Representations, Warranties and Acknowledgment. 
 (a)
Each Lender represents and warrants that it has made its own independent investigation of the financial condition and affairs of Holdings and its Subsidiaries in connection with Credit Extensions hereunder and that it has made and shall continue to
make its own appraisal of the creditworthiness of Holdings and its Subsidiaries. No Agent shall have any duty or responsibility, either initially or on a continuing basis, to make any such investigation or any such appraisal on behalf of Lenders or
to provide any Lender with any credit or other information with respect thereto, whether coming into its possession before the making of the Loans or at any time or times thereafter, and no Agent shall have any responsibility with respect to the
accuracy of or the completeness of any information provided to Lenders. 
 (b) Each Lender, by delivering its signature page to
this Agreement or an Assignment Agreement and funding its Term Loan on the Funding Date, shall be deemed to have acknowledged receipt of, and consented to and approved, each Credit Document and each other document required to be

  
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approved by any Agent, Requisite Lenders or Lenders, as applicable on the Closing Date and the Funding Date. Notwithstanding anything herein to the contrary, each Lender also acknowledges that
the Lien and security interest granted to the Collateral Agent pursuant to the Pledge and Security Agreement and the exercise of any right or remedy by the Collateral Agent thereunder or under any other Collateral Document are subject to the
provisions of the Intercreditor Agreement. In the event of a conflict between the terms of the Intercreditor Agreement (on the one hand) and this Agreement or any Collateral Documents (on the other hand), the terms of the Intercreditor Agreement
shall govern and control. 
 (c) Each Lender acknowledges that affiliates of the Credit Parties, including the Permitted Holders
or entities controlled by the Permitted Holders, are Eligible Assignees hereunder and may purchase Loans and/or Commitments hereunder from Lenders from time to time, subject to the restrictions set forth in this Agreement. 

9.6. Right to Indemnity. Each Lender, in proportion to its Pro Rata Share, severally agrees to indemnify each Agent, to the extent
that such Agent shall not have been reimbursed by any Credit Party, for and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses (including counsel fees and disbursements) or
disbursements of any kind or nature whatsoever which may be imposed on, incurred by or asserted against such Agent (i) in exercising its powers, rights and remedies or performing its duties hereunder or under the other Credit Documents or
otherwise in its capacity as such Agent in any way relating to or arising out of this Agreement or the other Credit Documents and (ii) if the Chapter 11 Cases have commenced, in connection with (A) the obtaining of approval of the Credit
Documents by the Bankruptcy Court and (B) the preparation and review of pleadings, documents and reports related to any Chapter 11 Case and any subsequent case under Chapter 7 of the Bankruptcy Code, attendance at meetings, court hearings or
conferences related to any Chapter 11 Case and any subsequent case under Chapter 7 of the Bankruptcy Code, and general monitoring of any Chapter 11 Case and any subsequent case under Chapter 7 of the Bankruptcy Code; provided, no Lender shall
be liable for any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting from such Agent’s gross negligence or willful misconduct, as determined by a final,
non-appealable judgment of a court of competent jurisdiction. If any indemnity furnished to any Agent for any purpose shall, in the opinion of such Agent, be insufficient or become impaired, such Agent may call for additional indemnity and cease, or
not commence, to do the acts indemnified against until such additional indemnity is furnished; provided, in no event shall this sentence require any Lender to indemnify any Agent against any liability, obligation, loss, damage, penalty,
action, judgment, suit, cost, expense or disbursement in excess of such Lender’s Pro Rata Share thereof; provided, further, this sentence shall not be deemed to require any Lender to indemnify any Agent against any liability,
obligation, loss, damage, penalty, action, judgment, suit, cost, expense or disbursement described in the proviso in the immediately preceding sentence. 
 9.7. Successor Administrative Agent, Collateral Agent and Lender. (a) Administrative Agent shall have the right to resign at any time by giving prior written notice thereof to Lenders and
Borrower and Administrative Agent may be removed at any time with or without cause by an instrument or concurrent instruments in writing delivered to Borrower and Administrative Agent and signed by Requisite Lenders. Administrative Agent shall have
the right to appoint a financial institution to act as Administrative Agent and/or Collateral Agent hereunder, subject to the reasonable satisfaction of Borrower and the Requisite Lenders, and Administrative Agent’s resignation shall become
effective on the earliest of (i) 30 days after delivery of the notice of resignation, (ii) the acceptance of such successor Administrative Agent by Borrower and the Requisite Lenders or (iii) such other date, if any, agreed to by the
Requisite Lenders. Upon any such notice of resignation or any such removal, if a successor Administrative Agent has not already been appointed by the retiring Administrative Agent, Requisite Lenders shall have the right, upon five Business
Days’ notice to 

  
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Borrower, to appoint a successor Administrative Agent. If neither Requisite Lenders nor Administrative Agent have appointed a successor Administrative Agent, Requisite Lenders shall be deemed to
have succeeded to and become vested with all the rights, powers, privileges and duties of the retiring Administrative Agent; provided that, until a successor Administrative Agent is so appointed by Requisite Lenders or Administrative Agent,
any collateral security held by Administrative Agent in its role as Collateral Agent on behalf of the Lenders under any of the Credit Documents shall continue to be held by the retiring Collateral Agent as nominee until such time as a successor
Collateral Agent is appointed. Upon the acceptance of any appointment as Administrative Agent hereunder by a successor Administrative Agent, that successor Administrative Agent shall thereupon succeed to and become vested with all the rights,
powers, privileges and duties of the retiring or removed Administrative Agent and the retiring or removed Administrative Agent shall promptly (i) transfer to such successor Administrative Agent all sums, Securities and other items of Collateral
held under the Collateral Documents, together with all records and other documents necessary or appropriate in connection with the performance of the duties of the successor Administrative Agent under the Credit Documents, and (ii) execute and
deliver to such successor Administrative Agent such amendments to financing statements, and take such other actions, as may be necessary or appropriate in connection with the assignment to such successor Administrative Agent of the security
interests created under the Collateral Documents, whereupon such retiring or removed Administrative Agent shall be discharged from its duties and obligations hereunder. Except as provided above, any resignation or removal of Goldman Sachs or its
successor as Administrative Agent pursuant to this Section shall also constitute the resignation or removal of Goldman Sachs or its successor as Collateral Agent. After any retiring or removed Administrative Agent’s resignation or removal
hereunder as Administrative Agent, the provisions of this Section 9 shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Administrative Agent hereunder. Any successor Administrative Agent appointed
pursuant to this Section shall, upon its acceptance of such appointment, become the successor Collateral Agent for all purposes hereunder. 
 (b) In addition to the foregoing, Collateral Agent may resign at any time by giving prior written notice thereof to Lenders and the Grantors, and Collateral Agent may be removed at any time with or
without cause by an instrument or concurrent instruments in writing delivered to the Grantors and Collateral Agent signed by Requisite Lenders. Administrative Agent shall have the right to appoint a financial institution as Collateral Agent
hereunder, subject to the reasonable satisfaction of Borrower and the Requisite Lenders and Collateral Agent’s resignation shall become effective on the earliest of (i) 30 days after delivery of the notice of resignation, (ii) the
acceptance of such successor Collateral Agent by Borrower and the Requisite Lenders or (iii) such other date, if any, agreed to by the Requisite Lenders. Upon any such notice of resignation or any such removal, Requisite Lenders shall have the
right, upon five Business Days’ notice to Administrative Agent, to appoint a successor Collateral Agent. Until a successor Collateral Agent is so appointed by Requisite Lenders or Administrative Agent, any collateral security held by Collateral
Agent on behalf of the Lenders under any of the Credit Documents shall continue to be held by the retiring Collateral Agent as nominee until such time as a successor Collateral Agent is appointed. Upon the acceptance of any appointment as Collateral
Agent hereunder by a successor Collateral Agent, that successor Collateral Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring or removed Collateral Agent under this Agreement and the
Collateral Documents, and the retiring or removed Collateral Agent under this Agreement shall promptly (i) transfer to such successor Collateral Agent all sums, Securities and other items of Collateral held hereunder or under the Collateral
Documents, together with all records and other documents necessary or appropriate in connection with the performance of the duties of the successor Collateral Agent under this Agreement and the Collateral Documents, and (ii) execute and deliver
to such successor Collateral Agent or otherwise authorize the filing of such amendments to financing statements, and take such other actions, as may be necessary or appropriate in connection with the assignment to such successor Collateral Agent of
the security interests created under the Collateral Documents, whereupon such retiring or removed Collateral Agent shall be discharged from its duties and obligations under this 

  
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Agreement and the Collateral Documents. After any retiring or removed Collateral Agent’s resignation or removal hereunder as the Collateral Agent, the provisions of this Agreement and the
Collateral Documents shall inure to its benefit as to any actions taken or omitted to be taken by it under this Agreement or the Collateral Documents while it was the Collateral Agent hereunder. 

9.8. Collateral Documents and Guaranty. 
 (a) Agents under Collateral Documents and Guaranty. Each Secured Party hereby further authorizes Administrative Agent or Collateral Agent, as applicable, on behalf of and for the benefit of Secured
Parties, to be the agent for and representative of Secured Parties with respect to the Guaranty, the Collateral, the Intercreditor Agreement and the other Collateral Documents; provided that neither Administrative Agent nor Collateral Agent
shall owe any fiduciary duty, duty of loyalty, duty of care, duty of disclosure or any other obligation whatsoever to any holder of Obligations with respect to any Hedge Agreement. Subject to Section 10.5, without further written consent
or authorization from any Secured Party, Administrative Agent or Collateral Agent, as applicable may execute any documents or instruments necessary to (i) in connection with a sale or disposition of assets permitted by this Agreement, release
any Lien encumbering any item of Collateral that is the subject of such sale or other disposition of assets or to which Requisite Lenders (or such other Lenders as may be required to give such consent under Section 10.5) have otherwise
consented, (ii) subordinate the Collateral Agent’s Liens on the Replacement Revolving Priority Collateral to the Replacement Revolving Credit Facility Agent’s Liens on the Replacement Revolving Priority Collateral in connection with
the Replacement Revolving Credit Facility and pursuant to the Intercreditor Agreement, or (iii) release any Guarantor from the Guaranty pursuant to Section 7.12 or with respect to which Requisite Lenders (or such other Lenders as
may be required to give such consent under Section 10.5) have otherwise consented. Each Secured Party understands, acknowledges and agrees that arrangements will be put in place whereby the Replacement Revolving Priority Collateral may
be sold pursuant to the Replacement Revolving Credit Facility Documents, which arrangements shall be subject to the terms and conditions of the Intercreditor Agreement. The terms of the Intercreditor Agreement will provide that, if there is a
conflict between the terms of the Intercreditor Agreement and any of the Credit Documents, the provisions of the Intercreditor Agreement shall govern and control. Each Secured Party authorizes and instructs Administrative Agent and Collateral Agent
to enter into the Intercreditor Agreement on behalf of the Secured Parties in accordance with this Agreement and to take all actions (and execute all documents) required (or deemed advisable) by it in accordance with the terms of the Intercreditor
Agreement. 
 (b) Right to Realize on Collateral and Enforce Guaranty. Anything contained in any of the Credit Documents
to the contrary notwithstanding, Borrower, Administrative Agent, Collateral Agent and each Secured Party hereby agree that (i) no Secured Party shall have any right individually to realize upon any of the Collateral or to enforce the Guaranty,
it being understood and agreed that all powers, rights and remedies hereunder may be exercised solely by Administrative Agent, on behalf of the Secured Parties in accordance with the terms hereof and all powers, rights and remedies under the
Collateral Documents may be exercised solely by Collateral Agent, and (ii) in the event of a foreclosure by Collateral Agent on any of the Collateral pursuant to a public or private sale or other disposition, Collateral Agent or any Lender may
be the purchaser or licensor of any or all of such Collateral at any such sale or other disposition and Collateral Agent, as agent for and representative of Secured Parties (but not any Lender or Lenders in its or their respective individual
capacities unless Requisite Lenders shall otherwise agree in writing) shall be entitled, for the purpose of bidding and making settlement or payment of the purchase price for all or any portion of the Collateral sold at any such public sale, to use
and apply any of the Obligations as a credit on account of the purchase price for any collateral payable by Collateral Agent at such sale or other disposition. 

  
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 (c) Rights under Hedge Agreements. No Hedge Agreement will create (or be deemed to
create) in favor of any Lender Counterparty that is a party thereto any rights in connection with the management or release of any Collateral or of the obligations of any Guarantor under the Credit Documents except as expressly provided in
Section 10.5(c)(i) of this Agreement and Section 9.2 of the Pledge and Security Agreement. By accepting the benefits of the Collateral, such Lender Counterparty shall be deemed to have appointed Collateral Agent as its agent
and agreed to be bound by the Credit Documents as a Secured Party, subject to the limitations set forth in this clause (c). 
 (d) Release of Collateral and Guarantees, Termination of Credit Documents. Notwithstanding anything to the contrary contained herein or any other Credit Document, when all Obligations (other than
Unasserted Obligations in respect of any Hedge Agreement) have been paid in full and all Commitments have terminated or expired, upon request of Borrower, Collateral Agent shall (without notice to, or vote or consent of, any Lender, or any affiliate
of any Lender that is a party to any Hedge Agreement) take such actions as shall be required to release its security interest in all Collateral, and to release all guarantee obligations provided for in any Credit Document, whether or not on the date
of such release there may be outstanding Obligations in respect of Hedge Agreements. Any such release of guarantee obligations shall be deemed subject to the provision that such guarantee obligations shall be reinstated if after such release any
portion of any payment in respect of the Obligations guaranteed thereby shall be rescinded or must otherwise be restored or returned upon the insolvency, bankruptcy, dissolution, liquidation or reorganization of Borrower or any Guarantor, or upon or
as a result of the appointment of a receiver, intervenor or conservator of, or trustee or similar officer for, Borrower or any Guarantor or any substantial part of its property, or otherwise, all as though such payment had not been made. 

9.9. Withholding Taxes. To the extent required by any applicable law, Administrative Agent may withhold from any payment to any
Lender an amount equivalent to any applicable withholding Tax. If the Internal Revenue Service or any other Governmental Authority asserts a claim that Administrative Agent did not properly withhold Tax from amounts paid to or for the account of any
Lender because the appropriate form was not delivered or was not properly executed or because such Lender failed to notify Administrative Agent of a change in circumstance which rendered the exemption from, or reduction of, withholding Tax
ineffective or for any other reason, or if Administrative Agent reasonably determines that a payment was made to a Lender pursuant to this Agreement without deduction of applicable withholding tax from such payment, such Lender shall indemnify
Administrative Agent fully for all amounts paid, directly or indirectly, by Administrative Agent as Tax or otherwise, including any penalties or interest and together with all expenses (including legal expenses, allocated internal costs and
out-of-pocket expenses) incurred. 
 SECTION 10. MISCELLANEOUS 

10.1. Notices. 
 (a) Notices Generally. Any notice or other communication herein required or permitted to be given to a Credit Party, Syndication Agent, Collateral Agent or Administrative Agent , shall be sent to
such Person’s address as set forth on Appendix B or in the other relevant Credit Document, and in the case of any Lender, the address as indicated on Appendix B or otherwise indicated to Administrative Agent in writing. Except as otherwise
set forth in Section 3.3 or paragraph (b) below, each notice hereunder shall be in writing and may be personally served or sent by telefacsimile (except for any notices sent to Administrative Agent) or United States mail or
courier service and shall be deemed to have been given when delivered in person or by courier service and signed for against receipt thereof, upon 

  
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receipt of telefacsimile, or three Business Days after depositing it in the United States mail with postage prepaid and properly addressed; provided, no notice to any Agent shall be
effective until received by such Agent; provided, further, any such notice or other communication shall at the request of Administrative Agent be provided to any sub-agent appointed pursuant to Section 9.3(c) hereto as
designated by Administrative Agent from time to time. 
 (b) Electronic Communications. 

(i) Notices and other communications to any Agent and Lenders hereunder may be delivered or furnished by electronic
communication (including e-mail and Internet or intranet websites, including the Platform) pursuant to procedures approved by Administrative Agent, provided that the foregoing shall not apply to notices to any Agent or any Lender pursuant to
Section 2 if such Person has notified Administrative Agent that it is incapable of receiving notices under such Section by electronic communication. Administrative Agent or Borrower may, in its discretion, agree to accept notices and
other communications to it hereunder by electronic communications pursuant to procedures approved by it, provided that approval of such procedures may be limited to particular notices or communications. Unless Administrative Agent otherwise
prescribes, (i) notices and other communications sent to an e-mail address shall be deemed received upon the sender’s receipt of an acknowledgement from the intended recipient (such as by the “return receipt requested” function,
as available, return e-mail or other written acknowledgement), provided that if such notice or other communication is not sent during the normal business hours of the recipient, such notice or communication shall be deemed to have been sent
at the opening of business on the next Business Day for the recipient, and (ii) notices or communications posted to an Internet or intranet website shall be deemed received upon the deemed receipt by the intended recipient at its e-mail address
as described in the foregoing clause (i) of notification that such notice or communication is available and identifying the website address therefor. 

(ii) Each Credit Party understands that the distribution of material through an electronic medium is not necessarily
secure and that there are confidentiality and other risks associated with such distribution and agrees and assumes the risks associated with such electronic distribution, except to the extent caused by the willful misconduct or gross negligence of
Administrative Agent, as determined by a final, non-appealable judgment of a court of competent jurisdiction. 

(iii) The Platform and any Approved Electronic Communications are provided “as is” and “as available”.
None of the Agents nor any of their respective officers, directors, employees, agents, advisors or representatives (the “Agent Affiliates”) warrant the accuracy, adequacy, or completeness of the Approved Electronic Communications or
the Platform and each expressly disclaims liability for errors or omissions in the Platform and the Approved Electronic Communications. No warranty of any kind, express, implied or statutory, including any warranty of merchantability, fitness for a
particular purpose, non-infringement of third party rights or freedom from viruses or other code defects is made by the Agent Affiliates in connection with the Platform or the Approved Electronic Communications. 

(iv) Each Credit Party, each Lender and each Agent agrees that Administrative Agent may, but shall not be obligated to,
store any Approved Electronic Communications on the Platform in accordance with Administrative Agent’s customary document retention procedures and policies. 

(v) Any notice of Default or Event of Default may be provided by telephone if confirmed promptly thereafter by delivery of
written notice thereof. 

  
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 (c) Private Side Information Contacts. Each Public Lender agrees to cause at least
one individual at or on behalf of such Public Lender to at all times have selected the “Private Side Information” or similar designation on the content declaration screen of the Platform in order to enable such Public Lender or its
delegate, in accordance with such Public Lender’s compliance procedures and applicable law, including United States federal and state securities laws, to make reference to information that is not made available through the “Public Side
Information” portion of the Platform and that may contain Non-Public Information with respect to Holdings, its Subsidiaries or their securities for purposes of United States federal or state securities laws. In the event that any Public Lender
has determined for itself to not access any information disclosed through the Platform or otherwise, such Public Lender acknowledges that (i) other Lenders may have availed themselves of such information and (ii) neither Borrower nor
Administrative Agent has any responsibility for such Public Lender’s decision to limit the scope of the information it has obtained in connection with this Agreement and the other Credit Documents. 

10.2. Expenses. Whether or not the transactions contemplated hereby shall be consummated, Borrower agrees to pay promptly
(a) all the actual and reasonable and documented out-of-pocket costs and expenses of Agents and Arranger incurred in connection with the negotiation, preparation and execution of the Credit Documents and any consents, amendments, waivers or
other modifications thereto; (b) all the reasonable out-of-pocket costs of furnishing all opinions by counsel for Borrower and the other Credit Parties; (c) the reasonable fees, expenses and disbursements of one outside counsel to Agents
and Arranger and, if reasonably necessary, one specialty counsel and one local counsel in each applicable jurisdiction (provided, that no such limitation shall apply if counsel to the Agents and Arranger determines in good faith that there is
a conflict of interest that requires separate representation) in connection with the negotiation, preparation, execution and administration of the Credit Documents and any consents, amendments, waivers or other modifications thereto and any other
documents or matters requested by Borrower; (d) all the actual and reasonable costs and expenses of creating, perfecting, recording, maintaining and preserving Liens (in the United States) in favor of Collateral Agent, for the benefit of
Secured Parties, including filing and recording fees, expenses and taxes, stamp or documentary taxes, search fees, title insurance premiums and reasonable fees, expenses and disbursements of counsel to each Agent and of counsel providing any
opinions that any Agent or Requisite Lenders may request in respect of the Collateral or the Liens created pursuant to the Collateral Documents; (e) all reasonable and documented actual out-of-pocket costs, fees, expenses and disbursements of
any auditors, accountants, consultants or appraisers; (f) all the actual out-of-pocket costs and reasonable expenses (including the reasonable fees, expenses and disbursements of any appraisers, consultants, advisors and agents employed or
retained by Collateral Agent and its counsel) of Collateral Agent in connection with the custody or preservation of any of the Collateral; (g) all other reasonable and documented out-of-pocket costs and expenses incurred by each Agent and
Arranger in connection with the syndication of the Loans and Commitments and the transactions contemplated by the Credit Documents and any consents, amendments, waivers or other modifications thereto, and (h) after the occurrence of a Default
or an Event of Default, all costs and expenses, including costs of settlement and reasonable attorneys’ fees of one outside counsel to Agents and one outside counsel to Lenders, taken as a whole, and, if reasonably necessary, one specialty
counsel and one local counsel to Agents in each applicable jurisdiction and one specialty counsel and one local counsel to Lenders (chosen by the Requisite Lenders), taken as a whole, in each applicable jurisdiction incurred by any Agent and Lenders
in enforcing any Obligations of or in collecting any payments due from any Credit Party hereunder or under the other Credit Documents by reason of such Default or Event of Default (including in connection with the sale, lease or license of,
collection from, or other realization upon any of the Collateral or the enforcement of the Guaranty) or in connection with any refinancing or restructuring of the credit arrangements provided hereunder in the nature of a “work-out” or
pursuant to any insolvency or bankruptcy cases or proceedings. 

  
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 10.3. Indemnity. 
 (a) In addition to the payment of expenses pursuant to Section 10.2, whether or not the transactions contemplated hereby shall be consummated, each Credit Party agrees to defend (subject to
Indemnitees’ selection of counsel), indemnify, pay and hold harmless, each Agent and Lender and each of their respective officers, partners, members, directors, trustees, advisors, employees, agents, sub-agents and Affiliates (each, an
“Indemnitee”), from and against any and all Indemnified Liabilities; provided, no Credit Party shall have any obligation to any Indemnitee hereunder with respect to any Indemnified Liabilities to the extent such Indemnified
Liabilities arise from (x) the gross negligence, bad faith or willful misconduct of any Indemnitee or its Affiliates, directors, officers or employees (any such person, a “related person”) in performing their respective
services hereunder, (y) the material breach in bad faith by any Indemnitee or any related person of its obligations hereunder or (z) any dispute solely among Indemnitees except, subject to the limitations set forth in clauses
(x) and (y) above, to the extent such disputes arise against an Indemnitee in its capacity, or in fulfilling its role as, an administrative agent or arranger (or against any other indemnified person acting in its capacity as
affiliate, officer, director or employee for such administrative agent or arranger acting in such capacity or role), or any similar role hereunder. To the extent that the undertakings to defend, indemnify, pay and hold harmless set forth in this
Section 10.3 may be unenforceable in whole or in part because they are violative of any law or public policy, the applicable Credit Party shall contribute the maximum portion that it is permitted to pay and satisfy under applicable law
to the payment and satisfaction of all Indemnified Liabilities incurred by Indemnitees or any of them. 
 (b) To the extent
permitted by applicable law, no Credit Party shall assert, and each Credit Party hereby waives, any claim against each Lender, each Agent, Arranger and their respective Affiliates, directors, employees, attorneys, agents or sub-agents, on any theory
of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) (whether or not the claim therefor is based on contract, tort or duty imposed by any applicable legal requirement) arising out of, in
connection with, as a result of, or in any way related to, this Agreement or any Credit Document or any agreement or instrument contemplated hereby or thereby or referred to herein or therein, the transactions contemplated hereby or thereby, any
Loan or the use of the proceeds thereof or any act or omission or event occurring in connection therewith, and Holdings and Borrower hereby waives, releases and agrees not to sue upon any such claim or any such damages, whether or not accrued and
whether or not known or suspected to exist in its favor. 
 (c) Each Credit Party also agrees that no Lender, Agent, Arranger
nor their respective Affiliates, directors, employees, attorneys, agents or sub-agents will have any liability to any Credit Party or any person asserting claims on behalf of or in right of any Credit Party or any other person in connection with or
as a result of this Agreement or any Credit Document or any agreement or instrument contemplated hereby or thereby or referred to herein or therein, the transactions contemplated hereby or thereby, any Loan or the use of the proceeds thereof or any
act or omission or event occurring in connection therewith, in each case, except in the case of any Credit Party to the extent that any losses, claims, damages, liabilities or expenses incurred by such Credit Party or its affiliates, shareholders,
partners or other equity holders have been found by a final, non-appealable judgment of a court of competent jurisdiction to have resulted from the bad faith, gross negligence or willful misconduct of such Lender, Agent, Arranger or their respective
Affiliates, directors, employees, attorneys, agents or sub-agents in performing its obligations under this Agreement or any Credit Document or any agreement or instrument contemplated hereby or thereby or referred to herein or therein;
provided, however, that in no 

  
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event will such Lender, Agent, Arranger or their respective Affiliates, directors, employees, attorneys, agents or sub-agents have any liability for any indirect, consequential, special or
punitive damages in connection with or as a result of such Lender’s, Agent’s, Arranger’s or their respective Affiliates’, directors’, employees’, attorneys’, agents’ or sub-agents’ activities related to
this Agreement or any Credit Document or any agreement or instrument contemplated hereby or thereby or referred to herein or therein. 
 10.4. Set-Off. In addition to any rights now or hereafter granted under applicable law and not by way of limitation of any such rights, upon the occurrence and during the continuation of any Event
of Default on or after the Funding Date, each Lender is hereby authorized by each Credit Party at any time or from time to time subject to the consent of Administrative Agent (such consent not to be unreasonably withheld or delayed), without notice
to any Credit Party or to any other Person (other than Administrative Agent), any such notice being hereby expressly waived (provided that such Lender shall endeavor to provide, to the extent permitted by law, prompt notice to the Borrower,
it being understood and agreed that no Lender shall have any liability to Borrower for any failure to provide any such notice), to set off and to appropriate and to apply any and all deposits (general or special, including Indebtedness evidenced by
certificates of deposit, whether matured or unmatured, but not including trust accounts) and any other Indebtedness at any time held or owing by such Lender to or for the credit or the account of any Credit Party against and on account of the
obligations and liabilities of any Credit Party to such Lender hereunder, irrespective of whether or not (a) such Lender shall have made any demand hereunder or (b) the principal of or the interest on the Loans or any other amounts due
hereunder shall have become due and payable pursuant to Section 2 and although such obligations and liabilities, or any of them, may be contingent or unmatured. 
 10.5. Amendments and Waivers. 
 (a) Requisite Lenders’ Consent.
Subject to the additional requirements of Sections 10.5(b) and 10.5(c), no amendment, modification, termination or waiver of any provision of the Credit Documents, or consent to any departure by any Credit Party therefrom, shall in any
event be effective without the written concurrence of Requisite Lenders; provided that Administrative Agent may, with the consent of Borrower only, amend, modify or supplement this Agreement to cure any ambiguity, omission, defect or
inconsistency, so long as such amendment, modification or supplement does not adversely affect the rights of any Lender. 
 (b)
Affected Lenders’ Consent. Without the written consent of each Lender that would be directly affected thereby, no amendment, modification, termination, or consent shall be effective if the effect thereof would: 

(i) extend the scheduled final maturity of any Loan or Note; 

(ii) waive, reduce or postpone any scheduled repayment (but not prepayment); 

(iii) amend Section 2.15; 

(iv) reduce the rate of interest on any Loan (other than any waiver of any increase in the interest rate applicable to any
Loan pursuant to Section 2.10) or any fee or any premium payable hereunder; 
 (v) extend the time
for payment of any such interest or fees; 

  
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 (vi) reduce the principal amount of any Loan; 

(vii) amend, modify, terminate or waive any provision of this Section 10.5(b), Section 10.5(c) or
any other provision of this Agreement that expressly provides that the consent of all Lenders is required; 

(viii) amend the definition of “Requisite Lenders” or “Pro Rata Share”;
provided, with the consent of Requisite Lenders, additional extensions of credit pursuant hereto may be included in the determination of “Requisite Lenders” or “Pro Rata Share” on substantially the same
basis as the Term Loan Commitments or the Term Loans are included on the Closing Date; 
 (ix) (A) release
all or a material portion of the Collateral or all or a material portion of the Guarantors from the Guaranty or (B) subordinate the Lien granted to the Collateral Agent for the benefit of the Secured Parties, in each case except as expressly
provided in the Credit Documents; or 
 (x) consent to the assignment or transfer by any Credit Party of any of
its rights and obligations under any Credit Document; 
 provided that, for the avoidance of doubt, all Lenders shall be
deemed directly affected thereby with respect to any amendment described in clauses (iii), (vii), (viii), (ix) and (x). 
 (c) Other Consents. No amendment, modification, termination or waiver of any provision of the Credit Documents, or consent to any departure by any Credit Party therefrom, shall: 

(i) amend, modify or waive this Agreement or the Pledge and Security Agreement so as to alter the ratable treatment of
Obligations arising under the Credit Documents and Obligations arising under Hedge Agreements or the definition of “Lender Counterparty,” “Hedge Agreement,” “Obligations,” or “Secured
Obligations” (as defined in any applicable Collateral Document (other than the Intercreditor Agreement)) in each case in a manner adverse to any Lender Counterparty with Obligations then outstanding without the written consent of any such
Lender Counterparty; or 
 (ii) amend, modify, terminate or waive any provision of Section 9 as the
same applies to any Agent, or any other provision hereof as the same applies to the rights or obligations of any Agent, in each case without the consent of such Agent. 
 (d) Execution of Amendments, Etc. Administrative Agent may, but shall have no obligation to, with the concurrence of any Lender, execute amendments, modifications, waivers or consents on behalf of
such Lender. Any waiver or consent shall be effective only in the specific instance and for the specific purpose for which it was given. No notice to or demand on any Credit Party in any case shall entitle any Credit Party to any other or further
notice or demand in similar or other circumstances. Any amendment, modification, termination, waiver or consent effected in accordance with this Section 10.5 shall be binding upon each Lender at the time outstanding, each future Lender
and, if signed by a Credit Party, on such Credit Party. 
 (e) Limitation on Rights of Lenders who are Permitted Holders or
Affiliates of Permitted Holders. Neither any Permitted Holder nor any affiliate of any Permitted Holder shall have any right in its capacity as a Lender to (i) consent to any amendment, modification, waiver, consent or other such action
with respect to any of the terms of this Agreement or any other Credit Document, (ii) require 

  
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any Agent or other Lender to undertake any action (or refrain from taking any action) with respect to this Agreement or any other Credit Document, (iii) otherwise vote on any matter related
to this Agreement or any other Credit Document, (iv) attend any “Lender only” meeting with any Agent or Lender or receive any “Lender only” information from any Agent or Lender, (v) make or bring any claim, in its
capacity as a Lender, against the Administrative Agent or any Lender with respect to the duties and obligations of such Persons under the Credit Documents, or (vi) purchase Loans at any time while they or any of their respective directors or
officers is aware of any material non-public information with respect to the business of Holdings, the Borrower or any of their Subsidiaries at the time of such purchase, provided, however, that no amendment, modification or waiver
shall deprive any Permitted Holder or any affiliate of any Permitted Holder, in its capacity as a Lender, of its share of any payments which the Lenders are entitled to share on a pro rata basis hereunder. Upon the commencement of and during the
pendency of any bankruptcy case or other insolvency proceeding of which any Credit Party is the subject, each Permitted Holder and each Affiliate thereof (i) shall, solely in its capacity as a Lender, be deemed to have granted the
Administrative Agent an irrevocable power of attorney entitling the Administrative Agent to exercise any voting or consent rights of such Permitted Holder or Affiliate under the Bankruptcy Code or other insolvency law) in the manner directed by the
Requisite Lenders with respect to any matter requiring the vote or consent of the Lenders and arising during the pendency of any such bankruptcy case or other insolvency proceeding (including, without limitation, any right to vote to accept or
reject any plan of reorganization or other restructuring plan filed in any such bankruptcy case or other insolvency proceeding, and any right to consent to any sale of Collateral pursuant to Section 363 of the Bankruptcy Code), and such power
of attorney shall be coupled with an interest, and (ii) shall execute and deliver such instruments and documents, and shall take such action, as may be reasonably requested by the Administrative Agent from time to time, to memorialize or
effectuate such power of attorney or the exercise of such Permitted Holder’s or Affiliate’s voting or consent rights accordance with clause (i) of this sentence. 

10.6. Successors and Assigns; Participations. 
 (a) Generally. This Agreement shall be binding upon the parties hereto and their respective successors and assigns and shall inure to the benefit of the parties hereto and the successors and
assigns of Lenders. No Credit Party’s rights or obligations hereunder nor any interest therein may be assigned or delegated by any Credit Party without the prior written consent of all Lenders. Nothing in this Agreement, expressed or implied,
shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby and, to the extent expressly contemplated hereby, Affiliates of each of the Agents and Lenders and other
Indemnitees) any legal or equitable right, remedy or claim under or by reason of this Agreement. 
 (b) Register.
Borrower, Administrative Agent and Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer
of any such Commitment or Loan shall be effective, in each case, unless and until recorded in the Register following receipt of a fully executed Assignment Agreement effecting the assignment or transfer thereof, together with the required forms and
certificates regarding tax matters (as described in Section 2.20) and any fees payable in connection with such assignment, in each case, as provided in Section 10.6(d). Each assignment shall be recorded in the Register
promptly following receipt by the Administrative Agent of the fully executed Assignment Agreement and all other necessary documents and approvals, prompt notice thereof shall be provided to Borrower and a copy of such Assignment Agreement shall be
maintained, as applicable. The date of such recordation of a transfer shall be referred to herein as the “Assignment Effective Date.” Any request, authority or consent of any Person who, at the time of making such request or giving
such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans. 

  
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 (c) Right to Assign. Each Lender shall have the right at any time to sell, assign or
transfer all or a portion of its rights and obligations under this Agreement, including all or a portion of its Commitment or Loans owing to it or other Obligations: 

(i) to any Person meeting the criteria of clause (i) of the definition of the term of “Eligible
Assignee” upon the giving of notice to Borrower and Administrative Agent; and 
 (ii) to any Person meeting
the criteria of clause (ii) of the definition of the term of “Eligible Assignee” upon giving of notice to Administrative Agent and with the written consent of the Borrower (not to be unreasonably withheld, conditioned or
delayed) (provided that the Borrower shall be deemed to have consented to any such assignment unless it shall object thereto by written notice to the Administrative Agent within 5 Business Days after having received notice thereof);
provided, that each such assignment pursuant to this Section 10.6(c)(ii) shall be in an aggregate amount of not less than $1,000,000 (or such lesser amount as may be agreed to by Borrower and Administrative Agent or as shall
constitute the aggregate amount of the Term Loans of the assigning Lender); provided, further, that Borrower’s consent to such assignments shall not be required during the continuance of an Event of Default. 

(d) Mechanics. 
 (i) Assignments and assumptions of Loans and Commitments by Lenders shall be effected by manual execution and delivery to Administrative Agent of an Assignment Agreement. Assignments made pursuant to the
foregoing provision shall be effective as of the Assignment Effective Date. In connection with all assignments there shall be delivered to Administrative Agent such forms, certificates or other evidence, if any, with respect to United States federal
income tax withholding matters as the assignee under such Assignment Agreement may be required to deliver pursuant to Section 2.20(c), together with payment to the Administrative Agent of a registration and recordation fee of $3,500
(except that no such registration and processing fee shall be payable (y) in connection with an assignment by or to Goldman Sachs or any Affiliate thereof or (z) in the case of an Assignee which is already a Lender or is an affiliate or
Related Fund of a Lender or a Person under common management with a Lender). 
 (ii) Subject to clause
(b) of the proviso to the definition of “Eligible Assignee”, Affiliates of Holdings (in such capacity, the “Offeror”) may make one or more offers to all Lenders to purchase all or any portion of the Term Loans of
Lenders, in each case, subject to, and solely to the extent permitted in accordance with, the terms, conditions, limitations and procedures set forth in Exhibit N hereto (and any such repurchase shall occur pursuant to the form of Purchaser
Assignment and Acceptance attached as Annex C to Exhibit N); provided, however, that nothing in this Section 10.6(d) shall be construed to prohibit Permitted Holders from consummating assignments of the Loans
other than by making offers to all Lenders. 
 (e) Representations and Warranties of Assignee. Each Lender, upon
execution and delivery hereof or upon succeeding to an interest in the Commitments and Loans, as the case may be, represents and warrants as of the Closing Date or as of the Assignment Effective Date that (i) it is an Eligible Assignee;
(ii) it has experience and expertise in the making of or investing in commitments or loans such as the applicable Commitments or Loans, as the case may be; (iii) it will make or invest in, as the case may be, its Commitments or Loans for
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to distribution of such Commitments or Loans within the meaning of the Securities Act or the Exchange Act or other federal securities laws (it being understood that, subject to the provisions of
this Section 10.6, the disposition of such Commitments or Loans or any interests therein shall at all times remain within its exclusive control); (iv) it will not provide any information obtained by it in its capacity as a Lender to
a Permitted Holder or any affiliate of a Permitted Holder; and (v) if such Lender is a Permitted Holder or an affiliate of a Permitted Holder, neither such Lender nor any of its officers is aware of any material non-public information with
respect to the business of Holdings, the Borrower or any of their respective. 
 (f) Effect of Assignment. Subject to the
terms and conditions of this Section 10.6, as of the “Assignment Effective Date”, (i) the assignee thereunder shall have the rights and obligations of a “Lender” hereunder to the extent of its interest in the
Loans and Commitments as reflected in the Register and shall thereafter be a party hereto and a “Lender” for all purposes hereof; (ii) the assigning Lender thereunder shall, to the extent that rights and obligations hereunder have
been assigned to the assignee, relinquish its rights (other than any rights which survive the termination hereof under Section 10.8) and be released from its obligations hereunder (and, in the case of an assignment covering all or the
remaining portion of an assigning Lender’s rights and obligations hereunder, such Lender shall cease to be a party hereto on the Assignment Effective Date; provided, anything contained in any of the Credit Documents to the contrary
notwithstanding, such assigning Lender shall continue to be entitled to the benefit of all indemnities hereunder as specified herein with respect to matters arising out of the prior involvement of such assigning Lender as a Lender hereunder); and
(iii) if any such assignment occurs after the issuance of any Note hereunder, the assigning Lender shall, upon the effectiveness of such assignment or as promptly thereafter as practicable, surrender its applicable Notes to Administrative Agent
for cancellation, and thereupon Borrower shall issue and deliver new Notes, if so requested by the assignee and/or assigning Lender, to such assignee and/or to such assigning Lender, with appropriate insertions, to reflect the outstanding Loans of
the assignee and/or the assigning Lender. 
 (g) Participations. 

(i) Each Lender shall have the right at any time to sell one or more participations to any Person (other than Holdings,
any of its Subsidiaries or any of its Affiliates) in all or any part of its Commitments, Loans or in any other Obligation. Each Lender that sells a participation pursuant to this Section 10.6(g) shall maintain a register on which it
records the name and address of each participant and the principal amounts of each participant’s participation interest with respect to the Term Loan (and stated interest thereon) (each, a “Participant Register”). The entries
in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded in the Participant Register as the owner of a participation with respect to the Term Loan for all purposes under
this Agreement, notwithstanding any notice to the contrary. 
 (ii) The holder of any such participation, other
than an Affiliate of the Lender granting such participation, shall not be entitled to require such Lender to take or omit to take any action hereunder except with respect to any amendment, modification or waiver that would (A) extend the final
scheduled maturity of any Loan or Note in which such participant is participating, or reduce the rate or extend the time of payment of interest or fees thereon (except in connection with a waiver of applicability of any post-default increase in
interest rates) or reduce the principal amount thereof, or increase the amount of the participant’s participation over the amount thereof then in effect (it being understood that a waiver of any Default or Event of Default or of a mandatory
reduction in the Commitment shall not constitute a change in the terms of such participation, and that an increase in any Commitment or Loan shall be permitted without the consent of any participant if the participant’s participation is not
increased as a result thereof), (B)

  
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consent to the assignment or transfer by any Credit Party of any of its rights and obligations under this Agreement or (C) release all or substantially all of the Collateral under the
Collateral Documents or all or substantially all of the Guarantors from the Guaranty (in each case, except as expressly provided in the Credit Documents) supporting the Loans hereunder in which such participant is participating. 

(iii) Borrower agrees that each participant shall be entitled to the benefits of Sections 2.18(c), 2.19 and
2.20 to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to paragraph (c) of this Section; provided, (x) a participant shall not be entitled to receive any greater payment
under Section 2.19 or 2.20 than the applicable Lender would have been entitled to receive with respect to the participation sold to such participant, unless the sale of the participation to such participant is made with
Borrower’s prior written consent and (y) a participant that would be a Non-US Lender if it were a Lender shall not be entitled to the benefits of Section 2.20 unless Borrower is notified of the participation sold to such
participant and such participant agrees, for the benefit of Borrower, to comply with Section 2.20 as though it were a Lender; provided further that, except as specifically set forth in clauses (x) and
(y) of this sentence, nothing herein shall require any notice to Borrower or any other Person in connection with the sale of any participation. To the extent permitted by law, each participant also shall be entitled to the benefits of
Section 10.4 as though it were a Lender, provided such Participant agrees to be subject to Section 2.17 as though it were a Lender. 
 (h) Certain Other Assignments and Participations. In addition to any other assignment or participation permitted pursuant to this Section 10.6 any Lender may assign, pledge and/or grant
a security interest in all or any portion of its Loans, the other Obligations owed by or to such Lender, and its Notes, if any, to secure obligations of such Lender including any Federal Reserve Bank as collateral security pursuant to
Regulation A of the Board of Governors and any operating circular issued by such Federal Reserve Bank; provided that no Lender, as between Borrower and such Lender, shall be relieved of any of its obligations hereunder as a result of any
such assignment and pledge; provided, further, that in no event shall the applicable Federal Reserve Bank, pledgee or trustee, be considered to be a “Lender” or be entitled to require the assigning Lender to take or omit to
take any action hereunder. 
 10.7. Independence of Covenants. All covenants hereunder shall be given independent effect
so that if a particular action or condition is not permitted by any of such covenants, the fact that it would be permitted by an exception to, or would otherwise be within the limitations of, another covenant shall not avoid the occurrence of a
Default or an Event of Default if such action is taken or condition exists. 
 10.8. Survival of Representations, Warranties
and Agreements. All representations, warranties and agreements made herein shall survive the execution and delivery hereof and the making of any Credit Extension. Notwithstanding anything herein or implied by law to the contrary, the agreements
of each Credit Party set forth in Sections 2.18(c), 2.19, 2.20, 10.2, 10.3 and 10.4 and the agreements of Lenders set forth in Sections 2.17, 9.3(b) and 9.6 shall survive the
payment of the Loans and the termination hereof. 
 10.9. No Waiver; Remedies Cumulative. No failure or delay on the part
of any Agent or any Lender in the exercise of any power, right or privilege hereunder or under any other Credit Document shall impair such power, right or privilege or be construed to be a waiver of any default or acquiescence therein, nor shall any
single or partial exercise of any such power, right or privilege preclude other or further exercise thereof or of any other power, right or privilege. The rights, powers and remedies given to each Agent and each Lender hereby are cumulative and
shall be in addition to and independent of all rights, powers and remedies existing by 

  
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virtue of any statute or rule of law or in any of the other Credit Documents or any of the Hedge Agreements. Any forbearance or failure to exercise, and any delay in exercising, any right, power
or remedy hereunder shall not impair any such right, power or remedy or be construed to be a waiver thereof, nor shall it preclude the further exercise of any such right, power or remedy. 

10.10. Marshalling; Payments Set Aside. Neither any Agent nor any Lender shall be under any obligation to marshal any assets in
favor of any Credit Party or any other Person or against or in payment of any or all of the Obligations. To the extent that any Credit Party makes a payment or payments to Administrative Agent or Lenders (or to Administrative Agent, on behalf of
Lenders), or any Agent or Lender enforces any security interests or exercises any right of setoff, and such payment or payments or the proceeds of such enforcement or setoff or any part thereof are subsequently invalidated, declared to be fraudulent
or preferential, set aside and/or required to be repaid to a trustee, receiver or any other party under any bankruptcy law, any other state or federal law, common law or any equitable cause, then, to the extent of such recovery, the obligation or
part thereof originally intended to be satisfied, and all Liens, rights and remedies therefor or related thereto, shall be revived and continued in full force and effect as if such payment or payments had not been made or such enforcement or setoff
had not occurred. 
 10.11. Severability. In case any provision in or obligation hereunder or under any other Credit
Document shall be invalid, illegal or unenforceable in any jurisdiction, the validity, legality and enforceability of the remaining provisions or obligations, or of such provision or obligation in any other jurisdiction, shall not in any way be
affected or impaired thereby. 
 10.12. Obligations Several; Independent Nature of Lenders’ Rights. The obligations
of Lenders hereunder are several and no Lender shall be responsible for the obligations or Commitment of any other Lender hereunder. Nothing contained herein or in any other Credit Document, and no action taken by Lenders pursuant hereto or thereto,
shall be deemed to constitute Lenders as a partnership, an association, a joint venture or any other kind of entity. The amounts payable at any time hereunder to each Lender shall be a separate and independent debt, and each Lender shall be entitled
to protect and enforce its rights arising out hereof and it shall not be necessary for any other Lender to be joined as an additional party in any proceeding for such purpose. 
 10.13. Headings. Section headings herein are included herein for convenience of reference only and shall not constitute a part hereof for any other purpose or be given any substantive effect.

 10.14. APPLICABLE LAW. TO THE EXTENT NOT GOVERNED BY THE PROVISIONS OF THE BANKRUPTCY CODE, THIS AGREEMENT AND THE
RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER (INCLUDING, WITHOUT LIMITATION, ANY CLAIMS SOUNDING IN CONTRACT LAW OR TORT LAW ARISING OUT OF THE SUBJECT MATTER HEREOF AND ANY DETERMINATIONS WITH RESPECT TO POST-JUDGMENT INTEREST) SHALL BE GOVERNED
BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES THEREOF THAT WOULD RESULT IN THE APPLICATION OF ANY LAW OTHER THAN THE LAW OF THE STATE OF NEW YORK.

 10.15. CONSENT TO JURISDICTION. (A) AT ALL TIMES ON OR AFTER THE PETITION DATE BUT PRIOR TO THE PLAN EFFECTIVE
DATE, IF THE CHAPTER 11 CASES HAVE COMMENCED, ALL 

  
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PARTIES HERETO SUBMIT EXCLUSIVELY TO THE JURISDICTION AND VENUE OF THE BANKRUPTCY COURT, OR IN THE EVENT THAT THE BANKRUPTCY COURT DOES NOT HAVE OR DOES NOT EXERCISE JURISDICTION, THEN IN ANY
FEDERAL OR STATE COURT OF COMPETENT JURISDICTION IN THE STATE, COUNTY AND CITY OF NEW YORK AND (B) OTHERWISE AT ALL TIMES, ALL PARTIES HERETO SUBMIT EXCLUSIVELY TO THE JURISDICTION AND VENUE OF ANY FEDERAL OR STATE COURT OF COMPETENT
JURISDICTION IN THE STATE, COUNTY AND CITY OF NEW YORK. SUBJECT TO THE IMMEDIATELY PRECEDING SENTENCE AND CLAUSE (5) OF THE FOLLOWING SENTENCE, ALL JUDICIAL PROCEEDINGS BROUGHT AGAINST ANY PARTY ARISING OUT OF OR RELATING HERETO OR ANY
OTHER CREDIT DOCUMENTS, OR ANY OF THE OBLIGATIONS, SHALL BE BROUGHT IN ANY STATE OR FEDERAL COURT OF COMPETENT JURISDICTION IN THE STATE, COUNTY AND CITY OF NEW YORK PURSUANT TO AND IN ACCORDANCE WITH THE IMMEDIATELY SUCCEEDING SENTENCE. BY
EXECUTING AND DELIVERING THIS AGREEMENT, EACH CREDIT PARTY, FOR ITSELF AND IN CONNECTION WITH ITS PROPERTIES, IRREVOCABLY (1) ACCEPTS GENERALLY AND UNCONDITIONALLY THE EXCLUSIVE JURISDICTION AND VENUE OF SUCH COURTS (OTHER THAN WITH RESPECT TO
ACTIONS BY ANY AGENT IN RESPECT OF RIGHTS UNDER ANY SECURITY AGREEMENT GOVERNED BY A LAWS OTHER THAN THE LAWS OF THE STATE OF NEW YORK OR WITH RESPECT TO ANY COLLATERAL SUBJECT THERETO); (2) WAIVES ANY DEFENSE OF FORUM NON CONVENIENS;
(3) AGREES THAT SERVICE OF ALL PROCESS IN ANY SUCH PROCEEDING IN THE BANKRUPTCY COURT, IF THE CHAPTER 11 CASES HAVE COMMENCED, OR ANY OTHER COURT MAY BE MADE BY REGISTERED OR CERTIFIED MAIL, RETURN RECEIPT REQUESTED, TO THE APPLICABLE CREDIT
PARTY AT ITS ADDRESS PROVIDED IN ACCORDANCE WITH SECTION 10.1; (4) AGREES THAT SERVICE AS PROVIDED IN CLAUSE (3) ABOVE IS SUFFICIENT TO CONFER PERSONAL JURISDICTION OVER THE APPLICABLE CREDIT PARTY IN ANY SUCH PROCEEDING IN
ANY SUCH COURT, AND OTHERWISE CONSTITUTES EFFECTIVE AND BINDING SERVICE IN EVERY RESPECT; AND (5) AGREES THAT AGENTS AND LENDERS RETAIN THE RIGHT TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY LAW OR TO BRING PROCEEDINGS AGAINST ANY CREDIT
PARTY IN THE COURTS OF ANY OTHER JURISDICTION IN CONNECTION WITH THE EXERCISE OF ANY RIGHTS UNDER ANY COLLATERAL DOCUMENT OR THE ENFORCEMENT OF ANY JUDGMENT. 
 10.16. WAIVER OF JURY TRIAL. EACH OF THE PARTIES HERETO HEREBY AGREES TO WAIVE ITS RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING HEREUNDER OR UNDER ANY OF THE
OTHER CREDIT DOCUMENTS OR ANY DEALINGS BETWEEN THEM RELATING TO THE SUBJECT MATTER OF THIS LOAN TRANSACTION OR THE LENDER/BORROWER RELATIONSHIP THAT IS BEING ESTABLISHED. THE SCOPE OF THIS WAIVER IS INTENDED TO BE ALL-ENCOMPASSING OF ANY AND ALL
DISPUTES THAT MAY BE FILED IN ANY COURT AND THAT RELATE TO THE SUBJECT MATTER OF THIS TRANSACTION, INCLUDING CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS AND ALL OTHER COMMON LAW AND STATUTORY CLAIMS. EACH PARTY HERETO ACKNOWLEDGES THAT THIS
WAIVER IS A MATERIAL INDUCEMENT TO ENTER INTO A BUSINESS RELATIONSHIP, THAT EACH HAS ALREADY RELIED ON THIS WAIVER IN ENTERING INTO THIS AGREEMENT, AND THAT EACH WILL CONTINUE TO RELY ON THIS WAIVER IN ITS RELATED FUTURE DEALINGS. EACH PARTY HERETO
FURTHER WARRANTS AND REPRESENTS THAT IT HAS REVIEWED THIS WAIVER WITH ITS 

  
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LEGAL COUNSEL AND THAT IT KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL. THIS WAIVER IS IRREVOCABLE, MEANING THAT IT MAY NOT BE MODIFIED EITHER
ORALLY OR IN WRITING (OTHER THAN BY A MUTUAL WRITTEN WAIVER SPECIFICALLY REFERRING TO THIS SECTION 10.16 AND EXECUTED BY EACH OF THE PARTIES HERETO), AND THIS WAIVER SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS, SUPPLEMENTS OR
MODIFICATIONS HERETO OR ANY OF THE OTHER CREDIT DOCUMENTS OR TO ANY OTHER DOCUMENTS OR AGREEMENTS RELATING TO THE LOANS MADE HEREUNDER. IN THE EVENT OF LITIGATION, THIS AGREEMENT MAY BE FILED AS A WRITTEN CONSENT TO A TRIAL BY THE COURT.

 10.17. Confidentiality. Each Agent, and each Lender shall hold all non-public information regarding Borrower and
its Subsidiaries and their businesses identified as such by Borrower and obtained by such Agent or such Lender pursuant to the requirements hereof in accordance with such Agent’s and such Lender’s customary procedures for handling
confidential information of such nature, it being understood and agreed by Borrower that, in any event, the Administrative Agent may disclose such information to the Lenders and each Agent and each Lender may make (i) disclosures of such
information to Affiliates of such Lender or Agent and to their respective agents and advisors (and to other Persons authorized by a Lender or Agent to organize, present or disseminate such information in connection with disclosures otherwise made in
accordance with this Section 10.17), (ii) disclosures of such information reasonably required by any bona fide or potential assignee, transferee or participant in connection with the contemplated assignment, transfer or
participation of any Loans or any participations therein or by any direct or indirect contractual counterparties (or the professional advisors thereto) to any swap or derivative transaction relating to Borrower and its obligations (provided
that such assignees, transferees, participants, counterparties and advisors are advised of and agree to be bound by either the provisions of this Section 10.17 or other provisions at least as restrictive as this
Section 10.17), (iii) disclosure to any rating agency when required by it, provided that, prior to any disclosure, such rating agency shall undertake in writing to preserve the confidentiality of any confidential information
relating to Credit Parties received by it from any Agent or any Lender, (iv) disclosures in connection with the exercise of any remedies hereunder or under any other Credit Document and (v) disclosures required or requested by any
governmental agency or representative thereof or by the NAIC or pursuant to legal or judicial process; provided, unless specifically prohibited by applicable law or court order, each Lender and each Agent shall make reasonable efforts to
notify Borrower of any request by any governmental agency or representative thereof (other than any such request in connection with any examination of the financial condition or other routine examination of such Lender by such governmental agency)
for disclosure of any such non-public information prior to disclosure of such information. In addition, each Agent and each Lender may disclose the existence of this Agreement and the information about this Agreement to market data collectors,
similar services providers to the lending industry, and service providers to the Agents and the Lenders in connection with the administration and management of this Agreement and the other Credit Documents. 

10.18. Usury Savings Clause. Notwithstanding any other provision herein, the aggregate interest rate charged with respect to any
of the Obligations, including all charges or fees in connection therewith deemed in the nature of interest under applicable law shall not exceed the Highest Lawful Rate. If the rate of interest (determined without regard to the preceding sentence)
under this Agreement at any time exceeds the Highest Lawful Rate, the outstanding amount of the Loans made hereunder shall bear interest at the Highest Lawful Rate until the total amount of interest due hereunder equals the amount of interest which
would have been due hereunder if the stated rates of interest set forth in this Agreement had at all times been in effect. In addition, if when the Loans made hereunder are repaid in full the total interest due hereunder (taking into 

  
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account the increase provided for above) is less than the total amount of interest which would have been due hereunder if the stated rates of interest set forth in this Agreement had at all times
been in effect, then to the extent permitted by law, Borrower shall pay to Administrative Agent an amount equal to the difference between the amount of interest paid and the amount of interest which would have been paid if the Highest Lawful Rate
had at all times been in effect. Notwithstanding the foregoing, it is the intention of Lenders and Borrower to conform strictly to any applicable usury laws. Accordingly, if any Lender contracts for, charges, or receives any consideration which
constitutes interest in excess of the Highest Lawful Rate, then any such excess shall be cancelled automatically and, if previously paid, shall at such Lender’s option be applied to the outstanding amount of the Loans made hereunder or be
refunded to Borrower. 
 10.19. Counterparts. This Agreement may be executed in any number of counterparts, each of which
when so executed and delivered shall be deemed an original, but all such counterparts together shall constitute but one and the same instrument. 
 10.20. Effectiveness; Entire Agreement. This Agreement shall become effective upon the execution of a counterpart hereof by each of the parties hereto and receipt by Borrower and Administrative
Agent of written notification of such execution and authorization of delivery thereof. With the exception of those terms contained in the Engagement Letter, which by the terms of the Engagement Letter remain in full force and effect (such terms the
“Surviving Terms”) all of Goldman Sachs’ and its Affiliates obligations under the Engagement Letter shall terminate and be superseded by the Credit Documents and Goldman Sachs and its Affiliates shall be released from all
liability in connection therewith, including any claim for injury or damages, whether consequential, special, direct, indirect, punitive or otherwise. Borrower, as debtor-in-possession, if the Chapter 11 Cases have commenced, hereby assumes all
obligations of Keystone Automotive Operations, Inc. under the Engagement Letter with respect to the Surviving Terms. 

10.21. PATRIOT Act. Each Lender and Administrative Agent (for itself and not on behalf of any Lender) hereby notifies each Credit
Party that pursuant to the requirements of the PATRIOT Act, it is required to obtain, verify and record information that identifies each Credit Party, which information includes the name and address of each Credit Party and other information that
will allow such Lender or Administrative Agent, as applicable, to identify such Credit Party in accordance with the PATRIOT Act. 
 10.22. Electronic Execution of Assignments. The words “execution,” “signed,” “signature,” and words of like import in any Assignment Agreement shall be deemed to
include electronic signatures or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based recordkeeping system, as the case
may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on the
Uniform Electronic Transactions Act. 
 10.23. No Fiduciary Duty. Each Agent, each Lender and their Affiliates
(collectively, solely for purposes of this paragraph, the “Lenders”), may have economic interests that conflict with those of the Credit Parties, their stockholders and/or their affiliates. Each Credit Party agrees that nothing in
the Credit Documents or otherwise will be deemed to create an advisory, fiduciary or agency relationship or fiduciary or other implied duty between any Lender, on the one hand, and such Credit Party, its stockholders or its affiliates, on the other.
The Credit Parties acknowledge and agree that (i) the transactions contemplated by the 

  
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Credit Documents (including the exercise of rights and remedies hereunder and thereunder) are arm’s-length commercial transactions between the Lenders, on the one hand, and the Credit
Parties, on the other, and (ii) in connection therewith and with the process leading thereto, (x) no Lender has assumed an advisory or fiduciary responsibility in favor of any Credit Party, its stockholders or its affiliates with respect
to the transactions contemplated hereby (or the exercise of rights or remedies with respect thereto) or the process leading thereto (irrespective of whether any Lender has advised, is currently advising or will advise any Credit Party, its
stockholders or its Affiliates on other matters) or any other obligation to any Credit Party except the obligations expressly set forth in the Credit Documents and (y) each Lender is acting solely as principal and not as the agent or fiduciary
of any Credit Party, its management, stockholders, creditors or any other Person. Each Credit Party acknowledges and agrees that it has consulted its own legal and financial advisors to the extent it deemed appropriate and that it is responsible for
making its own independent judgment with respect to such transactions and the process leading thereto. Each Credit Party agrees that it will not claim that any Lender has rendered advisory services of any nature or respect, or owes a fiduciary or
similar duty to such Credit Party, in connection with such transaction or the process leading thereto. 
 10.24. Parties
Including Trustees; Bankruptcy Court Proceedings. This Agreement, the other Credit Documents, and all Liens and other rights and privileges created hereby or pursuant hereto or to any other Credit Document shall be binding upon each Credit
Party, the estate of each Credit Party, and any trustee, other estate representative or any successor in interest of any Credit Party in any Chapter 11 Case, if the Chapter 11 Cases have commenced, or any other case commenced under Chapter 11
of the Bankruptcy Code or any subsequent case commenced under Chapter 7 of the Bankruptcy Code. This Agreement and the other Credit Documents shall be binding upon, and inure to the benefit of, the successors of the Agents and the Lenders and
their respective assigns, transferees and endorsees. No Credit Party may assign, transfer, hypothecate or otherwise convey its rights, benefits, obligations or duties hereunder or under any of the other Credit Documents without the prior express
written consent of the Agents and the Lenders. Any such purported assignment, transfer, hypothecation or other conveyance by any Credit Party without the prior express written consent of the Agents and the Lenders shall be void. The terms and
provisions of this Agreement are for the purpose of defining the relative rights and obligations of each Credit Party, the Agents and Lenders with respect to the transactions contemplated hereby and no Person shall be a third party beneficiary of
any of the terms and provisions of this Agreement or any of the other Credit Documents. 
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intentionally left blank] 

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

			
	KEYSTONE AUTOMOTIVE OPERATIONS, INC., as Borrower
		
	By:	 	   /s/ Edward Orzetti

		 	Name:  Edward Orzetti
		 	Title:    Chief Executive Officer and President
	
	KEYSTONE AUTOMOTIVE HOLDINGS, INC.
	A&A AUTO PARTS STORES, INC.
	AMERICAN SPECIALTY EQUIPMENT CORP.
	ARROW SPEED ACQUISITION LLC
	DRIVERFX.COM, INC.
	KAO MANAGEMENT SERVICES, LLC
	KEY COMP, INC.
	 KEYSTONE AUTOMOTIVE DISTRIBUTORS
 COMPANY, LLC

	 KEYSTONE AUTOMOTIVE OPERATIONS
 MIDWEST, INC.

	 KEYSTONE AUTOMOTIVE OPERATIONS OF
 CANADA, INC.

	 KEYSTONE AUTOMOTIVE WAREHOUSE, INC.,
 each as a Guarantor

		
	By:	 	   /s/ Edward Orzetti

		 	Name:  Edward Orzetti
		 	Title:    Chief Executive Officer and President

 
			
	GOLDMAN SACHS LENDING PARTNERS LLC,
	 as Administrative Agent, Collateral Agent, Syndication

Agent and a Lender

		
	By:	 	   /s/ Alexis Maged

		 	Authorized Signatory

  

 
			
	Highbridge Principal Strategies – Senior Loan Fund II, L.P.
	
	By: Highbridge Principal Strategies, LLC
	Its: Investment Manager, as a Lender
		
	By:	 	   /s/ Kevin Griffin

	Name: Kevin Griffin
	Title: Managing Director
	
	Highbridge Senior Loan Holdings, L.P.
	
	By: Highbridge Principal Strategies, LLC
	Its: Investment Manager, as a Lender
		
	By:	 	   /s/ Kevin Griffin

	Name: Kevin Griffin
	Title: Managing Director

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