Document:

EX-10.1

 Exhibit 10.1 

EXECUTION VERSION 

$1,600,000,000 
 SYNDICATED
FACILITY AGREEMENT 
 Dated as of December 20, 2017, 

among 
 MATTEL, INC., 

as a U.S. Revolving Borrower 

MATTEL CANADA INC., 
 as Initial
Canadian Borrower, 
 MATTEL FRANCE, 

as Initial French Borrower, 

MATTEL ESPANA, S.A., 
 as Initial
Spanish Borrower, 
 MATTEL EUROPA B.V. 

MATTEL U.K. LIMITED 
 HIT
ENTERTAINMENT LIMITED 
 GULLANE (THOMAS) LIMITED 

and 
 MATTEL GMBH 

as Initial European (GNU) Borrowers, 

MATTEL PTY LTD, 
 as Initial
Australian Borrower, 
 Certain of the Company’s subsidiaries from time to time party hereto as Borrowers and Guarantors, 

VARIOUS LENDERS, 
 BANK OF
AMERICA, N.A., 
 as GLOBAL ADMINISTRATIVE AGENT, COLLATERAL AGENT and AUSTRALIAN SECURITY TRUSTEE 

 
  

CITIBANK, N.A. 
 and 

WELLS FARGO BANK, N.A., 
 as JOINT
LEAD ARRANGERS, JOINT BOOKRUNNERS AND CO-SYNDICATION AGENTS, 
 HSBC BANK USA, NATIONAL ASSOCIATION,

 MIZUHO BANK, LTD., 
 MUFG UNION
BANK, N.A. 
 and 
 ROYAL BANK OF
CANADA 
 as JOINT LEAD ARRANGERS, JOINT BOOKRUNNERS AND CO-DOCUMENTATION AGENTS 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	SECTION 1.	 	 DEFINITIONS AND ACCOUNTING TERMS
	  	 	3	 
			
	 1.01.
	 	Defined Terms	  	 	3	 
			
	 1.02.

	 	Terms Generally	  	 	114	 
			
	 1.03.
	 	Uniform Commercial Code and PPSA	  	 	115	 
			
	 1.04.
	 	Exchange Rates; Currency Equivalent	  	 	115	 
			
	 1.05.
	 	Interpretation (Quebec)	  	 	116	 
			
	 1.06.
	 	Currency Fluctuations	  	 	116	 
			
	 1.07.
	 	Interpretation (the Netherlands)	  	 	117	 
			
	 1.08.
	 	Australian Terms	  	 	118	 
			
	 1.09.
	 	Interpretation (France)	  	 	118	 
			
	 1.10.
	 	Additional Alternative Currencies	  	 	119	 
			
	 1.11.
	 	Change of Currency	  	 	120	 
			
	 1.12.
	 	Letter of Credit Amounts	  	 	120	 
			
	 1.13.
	 	Accounting Terms	  	 	121	 
			
	 1.14.
	 	Pro Forma and Other Calculations	  	 	122	 
			
	 1.15.
	 	Interpretation (Spain)	  	 	123	 
			
	 1.16.
	 	BAMLI Merger	  	 	124	 
			
	SECTION 2.	 	 AMOUNT AND TERMS OF CREDIT
	  	 	124	 
			
	 2.01.
	 	Commitments	  	 	124	 
			
	 2.02.
	 	Loans	  	 	126	 
			
	 2.03.
	 	Borrowing Procedure	  	 	128	 
			
	 2.04.
	 	Evidence of Debt; Repayment of Loans	  	 	130	 
			
	 2.05.
	 	Fees	  	 	131	 
			
	 2.06.
	 	Interest on Loans	  	 	133	 
			
	 2.07.
	 	Termination and Reduction of Commitments and FILO Borrowing Base	  	 	136	 
			
	 2.08.
	 	Interest Elections	  	 	137	 
			
	 2.09.
	 	Optional and Mandatory Prepayments of Loans	  	 	140	 
			
	 2.10.
	 	Payments Generally; Pro Rata Treatment; Sharing of Setoffs	  	 	144	 
			
	 2.11.
	 	Defaulting Lenders	  	 	145	 

  
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 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
	 2.12.
	 	Swingline Loans	  	 	148	 
			
	 2.13.
	 	Letters of Credit	  	 	151	 
			
	 2.14.
	 	Settlement Among Lenders	  	 	160	 
			
	 2.15.
	 	Revolving A Commitment Increase	  	 	161	 
			
	 2.16.
	 	Borrower Representative	  	 	163	 
			
	 2.17.
	 	Overadvances	  	 	163	 
			
	 2.18.
	 	Protective Advances	  	 	165	 
			
	 2.19.
	 	Extensions of Revolving A Loans and Revolving A Commitments	  	 	167	 
			
	 2.20.
	 	Adjustment of Revolving A Commitments	  	 	170	 
			
	 2.21.
	 	Subsidiary Borrowers	  	 	171	 
			
	 2.22.
	 	Reserves	  	 	172	 
			
	SECTION 3.	 	 YIELD PROTECTION, ILLEGALITY AND REPLACEMENT OF LENDERS
	  	 	174	 
			
	 3.01.
	 	Increased Costs, Illegality, etc.	  	 	174	 
			
	 3.02.
	 	Compensation	  	 	177	 
			
	 3.03.
	 	Change of Lending Office	  	 	178	 
			
	 3.04.
	 	Replacement of Lenders	  	 	178	 
			
	SECTION 4.	 	 TAXES
	  	 	179	 
			
	 4.01.
	 	Net Payments	  	 	179	 
			
	 4.02.
	 	VAT	  	 	183	 
			
	 4.03.
	 	United Kingdom Tax Matters	  	 	184	 
			
	 4.04.
	 	Public Offer	  	 	192	 
			
	SECTION 5.	 	 CONDITIONS PRECEDENT TO CREDIT EVENTS ON THE APPLICABLE CLOSING DATE
	  	 	193	 
			
	 5.01.
	 	U.S. and Canada	  	 	193	 
			
	 5.02.
	 	France	  	 	193	 
			
	 5.03.
	 	European (GNU)	  	 	197	 
			
	 5.04.
	 	Spain	  	 	199	 
			
	 5.05.
	 	Australia	  	 	201	 

  
 -ii- 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
	SECTION 6.	 	 CONDITIONS PRECEDENT TO ALL CREDIT EVENTS
	  	 	205	 
			
	 6.01.
	 	Notice of Borrowing	  	 	205	 
			
	 6.02.
	 	Availability	  	 	205	 
			
	 6.03.
	 	No Default	  	 	205	 
			
	 6.04.
	 	Representations and Warranties	  	 	205	 
			
	SECTION 7.	 	 REPRESENTATIONS AND WARRANTIES
	  	 	206	 
			
	 7.01.
	 	Organizational Status	  	 	206	 
			
	 7.02.
	 	Power and Authority	  	 	206	 
			
	 7.03.
	 	No Violation	  	 	207	 
			
	 7.04.
	 	Approvals	  	 	207	 
			
	 7.05.
	 	Financial Statements; Financial Condition; Projections	  	 	207	 
			
	 7.06.
	 	Litigation	  	 	208	 
			
	 7.07.
	 	True and Complete Disclosure	  	 	208	 
			
	 7.08.
	 	Use of Proceeds; Margin Regulations	  	 	209	 
			
	 7.09.
	 	Tax Returns and Payments	  	 	209	 
			
	 7.10.
	 	ERISA	  	 	209	 
			
	 7.11.
	 	The Security Documents	  	 	210	 
			
	 7.12.
	 	Title to Real Estate	  	 	211	 
			
	 7.13.
	 	Subsidiaries	  	 	211	 
			
	 7.14.
	 	Compliance with Statutes; Sanctions; Patriot Act; Anti-Corruption Laws	  	 	212	 
			
	 7.15.
	 	Investment Company Act	  	 	212	 
			
	 7.16.
	 	Environmental Matters	  	 	213	 
			
	 7.17.
	 	Labor Relations	  	 	213	 
			
	 7.18.
	 	Intellectual Property	  	 	213	 
			
	 7.19.
	 	Centre of Main Interests	  	 	213	 
			
	 7.20.
	 	Borrowing Base Certificate	  	 	214	 
			
	 7.21.
	 	Dutch Works Councils Act	  	 	214	 
			
	 7.22.
	 	Canadian Pension Plans	  	 	214	 
			
	 7.23.
	 	U.K. Pensions	  	 	215	 

  
 -iii- 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
	SECTION 8.	 	 AFFIRMATIVE COVENANTS
	  	 	215	 
			
	 8.01.
	 	Information Covenants	  	 	215	 
			
	 8.02.
	 	Books, Records and Inspections	  	 	219	 
			
	 8.03.
	 	Maintenance of Property; Insurance	  	 	220	 
			
	 8.04.
	 	Existence; Franchises	  	 	221	 
			
	 8.05.
	 	Compliance with Statutes, etc.	  	 	222	 
			
	 8.06.
	 	Compliance with Environmental Laws	  	 	222	 
			
	 8.07.
	 	ERISA	  	 	222	 
			
	 8.08.
	 	U.K. Pensions	  	 	223	 
			
	 8.09.
	 	Canadian Pension Plans	  	 	223	 
			
	 8.10.
	 	Payment of Taxes	  	 	223	 
			
	 8.11.
	 	Material Contracts	  	 	224	 
			
	 8.12.
	 	Use of Proceeds	  	 	224	 
			
	 8.13.
	 	Centre of Main Interests	  	 	224	 
			
	 8.14.
	 	Reserved	  	 	224	 
			
	 8.15.
	 	Additional Security; Further Assurances; etc.	  	 	224	 
			
	 8.16.
	 	Post-Closing Actions	  	 	226	 
			
	 8.17.
	 	Dutch Works Councils Act	  	 	226	 
			
	 8.18.
	 	Certain Additional Account Security Actions and Additional Inventory Security Actions	  	 	226	 
			
	 8.19.
	 	Designation of Unrestricted Subsidiaries and Restricted Non-Credit Party Subsidiaries	  	 	226	 
			
	 8.20.
	 	Collateral Monitoring and Reporting	  	 	228	 
			
	SECTION 9.	 	 NEGATIVE COVENANTS.
	  	 	232	 
			
	 9.01.
	 	Liens	  	 	232	 
			
	 9.02.
	 	Dispositions	  	 	236	 
			
	 9.03.
	 	Restricted Payments and Prepayment of Indebtedness	  	 	238	 
			
	 9.04.
	 	Indebtedness	  	 	242	 
			
	 9.05.
	 	Investments	  	 	248	 
			
	 9.06.
	 	Transactions with Affiliates	  	 	249	 

  
 -iv- 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
	 9.07.
	 	Modifications of Debt Documents, Certificate of Incorporation, By-Laws and Certain Other Agreements, etc.	  	 	250	 
			
	 9.08.
	 	Burdensome Agreements	  	 	250	 
			
	 9.09.
	 	Business; Fiscal Year	  	 	252	 
			
	 9.10.
	 	Liabilities of Initial Dutch Borrower	  	 	252	 
			
	 9.11.
	 	Merger, Consolidation or Sale of All or Substantially All Assets	  	 	252	 
			
	 9.12.
	 	Financial Covenant	  	 	255	 
			
	 9.13.
	 	Canadian Pension Plans	  	 	255	 
			
	 9.14.
	 	Independence of Covenants	  	 	255	 
			
	SECTION 10.	 	 EVENTS OF DEFAULT AND REMEDIES
	  	 	255	 
			
	 10.01.
	 	Events of Default	  	 	255	 
			
	 10.02.
	 	Application of Funds	  	 	260	 
			
	SECTION 11.	 	 THE ADMINISTRATIVE AGENT
	  	 	265	 
			
	 11.01.
	 	Appointment and Authorization	  	 	265	 
			
	 11.02.
	 	Delegation of Duties	  	 	266	 
			
	 11.03.
	 	Liability of Agents	  	 	266	 
			
	 11.04.
	 	Reliance by the Agents	  	 	267	 
			
	 11.05.
	 	Notice of Default	  	 	268	 
			
	 11.06.
	 	Credit Decision; Disclosure of Information by the Agents	  	 	268	 
			
	 11.07.
	 	Indemnification of the Agents	  	 	268	 
			
	 11.08.
	 	Administrative Agent, Collateral Agent and Australian Security Trustee in Its Individual Capacity	  	 	269	 
			
	 11.09.
	 	Successor Agents	  	 	269	 
			
	 11.10.
	 	Administrative Agent May File Proofs of Claim	  	 	270	 
			
	 11.11.
	 	Collateral and Guarantee Matters	  	 	271	 
			
	 11.12.
	 	Bank Product Providers	  	 	271	 
			
	 11.13.
	 	The Collateral Agent and the Australian Security Trustee	  	 	272	 
			
	 11.14.
	 	Withholding Taxes	  	 	272	 
			
	 11.15.
	 	Quebec Representative	  	 	272	 

  
 -v- 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
	 11.16.
	 	Appointment of Collateral Agent as security trustee for U.K. Security Documents	  	 	273	 
			
	 11.17.
	 	French Receivables Assignment Agreement	  	 	276	 
			
	 11.18.
	 	Australian Security Trust Deed	  	 	276	 
			
	 11.19.
	 	Parallel Debt Undertaking	  	 	277	 
			
	 11.20.
	 	ERISA	  	 	279	 
			
	 11.21.
	 	Payments in respect of French Borrowers and French Guarantors	  	 	281	 
			
	SECTION 12.	 	 MISCELLANEOUS
	  	 	282	 
			
	 12.01.
	 	Payment of Expenses, etc.	  	 	282	 
			
	 12.02.
	 	Right of Setoff	  	 	283	 
			
	 12.03.
	 	Notices	  	 	284	 
			
	 12.04.
	 	Benefit of Agreement; Assignments; Participations, etc.	  	 	284	 
			
	 12.05.
	 	No Waiver; Remedies Cumulative	  	 	286	 
			
	 12.06.
	 	[Reserved]	  	 	287	 
			
	 12.07.
	 	GOVERNING LAW; SUBMISSION TO JURISDICTION; VENUE; WAIVER OF JURY TRIAL; JUDICIAL REFERENCE PROVISION	  	 	287	 
			
	 12.08.
	 	Counterparts	  	 	289	 
			
	 12.09.
	 	Headings Descriptive	  	 	290	 
			
	 12.10.
	 	Amendment or Waiver; etc.	  	 	290	 
			
	 12.11.
	 	Survival	  	 	295	 
			
	 12.12.
	 	Domicile of Loans	  	 	295	 
			
	 12.13.
	 	Release of Collateral or Guarantors	  	 	295	 
			
	 12.14.
	 	Confidentiality	  	 	297	 
			
	 12.15.
	 	USA Patriot Act Notice	  	 	298	 
			
	 12.16.
	 	U.K. “Know your customer” checks	  	 	298	 
			
	 12.17.
	 	Waiver of Sovereign Immunity	  	 	299	 
			
	 12.18.
	 	Canadian Anti-Money Laundering Legislation	  	 	299	 
			
	 12.19.
	 	Absence of Fiduciary Relationship	  	 	300	 
			
	 12.20.
	 	Electronic Signatures	  	 	300	 
			
	 12.21.
	 	Judgment Currency	  	 	300	 

  
 -vi- 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
	 12.22.
	 	Dutch Credit Party Representation	  	 	301	 
			
	 12.23.
	 	Acknowledgement and Consent to Bail-In of EEA Financial Institutions	  	 	301	 
			
	 12.24.
	 	Severability	  	 	301	 
			
	 12.25.
	 	Canadian Severability	  	 	301	 
			
	 12.26.
	 	Contracting Out of the Australian PPSA Provisions	  	 	302	 
			
	 12.27.
	 	Limitations on Revolving B Collateral	  	 	302	 
			
	SECTION 13.	 	 U.S
	  	 	302	 
			
	 13.01.
	 	The Guarantee	  	 	302	 
			
	 13.02.
	 	Bankruptcy	  	 	303	 
			
	 13.03.
	 	Nature of Liability	  	 	303	 
			
	 13.04.
	 	Independent Obligation	  	 	304	 
			
	 13.05.
	 	Authorization	  	 	304	 
			
	 13.06.
	 	Reliance	  	 	305	 
			
	 13.07.
	 	Subordination	  	 	305	 
			
	 13.08.
	 	Waiver	  	 	305	 
			
	 13.09.
	 	Maximum Liability	  	 	306	 
			
	 13.10.
	 	Payments	  	 	306	 
			
	SECTION 14.	 	 FOREIGN CREDIT PARTY GUARANTEE
	  	 	306	 
			
	 14.01.
	 	The Guarantee	  	 	306	 
			
	 14.02.
	 	Bankruptcy	  	 	307	 
			
	 14.03.
	 	Nature of Liability	  	 	307	 
			
	 14.04.
	 	Independent Obligation	  	 	308	 
			
	 14.05.
	 	Authorization	  	 	308	 
			
	 14.06.
	 	Reliance	  	 	309	 
			
	 14.07.
	 	Subordination	  	 	310	 
			
	 14.08.
	 	Waiver	  	 	310	 
			
	 14.09.
	 	Maximum Liability	  	 	311	 
			
	 14.10.
	 	Payments	  	 	312	 

  
 -vii- 

			
	SCHEDULE 1.01A	  	Unrestricted Subsidiaries
	SCHEDULE 1.01B	  	Existing Letters of Credit
	SCHEDULE 1.01C	  	Immaterial Subsidiaries
	SCHEDULE 1.01D	  	Initial Closing Date Restricted Non-Credit Party Subsidiaries
	SCHEDULE 1.01E	  	Debt to be Repaid
	SCHEDULE 1.01F	  	Initial Closing Date U.S. Intellectual Property
	SCHEDULE 1.01H	  	Initial Closing Date Pledged Equity
	SCHEDULE 2.01A	  	Revolving A Commitments (Initial Closing Date)
	SCHEDULE 2.01B	  	Revolving A Commitments (Global Closing Date)
	SCHEDULE 2.01C	  	Revolving B Commitments
	SCHEDULE 5.15	  	Initial Closing Date Mortgaged Property
	SCHEDULE 7.13	  	Subsidiaries
	SCHEDULE 7.22	  	Canadian Pension Plans
	SCHEDULE 8.16	  	Post-Closing Actions
	SCHEDULE 8.20(d)	  	Deposit Accounts
	SCHEDULE 9.01(h)	  	Existing Liens
	SCHEDULE 9.04(d)	  	Existing Indebtedness
	SCHEDULE 9.05(g)	  	Existing Investments
	SCHEDULE 9.06(h)	  	Existing Affiliate Transactions
	SCHEDULE 12.03	  	Administrative Agent/Collateral Agent Notices
	EXHIBIT A-1	  	Form of Notice of Borrowing
	EXHIBIT A-2	  	Form of Notice of Conversion/Continuation
	EXHIBIT B-1	  	Form of U.S. Revolving A Note
	EXHIBIT B-2	  	Form of Canadian Revolving Note
	EXHIBIT B-3	  	Form of French Revolving Note
	EXHIBIT B-4	  	Form of European (GNU) Revolving Note
	EXHIBIT B-5	  	Form of Spanish Revolving Note
	EXHIBIT B-6	  	Form of Australian Revolving Note
	EXHIBIT B-7	  	Form of U.S. Swingline Note
	EXHIBIT B-8	  	Form of Canadian Swingline Note
	EXHIBIT B-9	  	Form of French Swingline Note
	EXHIBIT B-10	  	Form of European (GNU) Swingline Note
	EXHIBIT B-11	  	Form of Australian Swingline Note
	EXHIBIT B-12	  	Form of Spanish Swingline Note
	EXHIBIT B-13	  	Form of Revolving B Note
	EXHIBIT C-1	  	Form of U.S. Tax Compliance Certificate (For Foreign Lenders That Are Not Partnerships (Or Disregarded Entities) For U.S. Federal Income Tax Purposes)
	EXHIBIT C-2	  	Form of U.S. Tax Compliance Certificate (For Foreign Participants That Are Not Partnerships (Or Disregarded Entities) For U.S. Federal Income Tax Purposes)
	EXHIBIT C-3	  	Form of U.S. Tax Compliance Certificate (For Foreign Participants That Are Partnerships (Or Disregarded Entities) For U.S. Federal Income Tax Purposes)

  
 -viii- 

			
	EXHIBIT C-4	  	Form of U.S. Tax Compliance Certificate (For Foreign Lenders That Are Partnerships (Or Disregarded Entities) For U.S. Federal Income Tax Purposes)
	EXHIBIT D	  	Form of Borrowing Base Certificate
	EXHIBIT E-1	  	Form of Credit Party Joinder Agreement
	EXHIBIT E-2	  	Form of Foreign Joinder Agreement
	EXHIBIT F	  	Form of Solvency Certificate
	EXHIBIT G	  	Form of Compliance Certificate
	EXHIBIT H	  	Form of Assignment and Assumption Agreement
	EXHIBIT I	  	Form of Assignment Notice
	EXHIBIT J	  	Form of Borrower Designation Request and Assumption Agreement
	EXHIBIT K	  	Form of Borrower Designation Notice
	EXHIBIT L	  	Form of Intercompany Subordination Agreement

  

  
 -ix- 

 THIS SYNDICATED FACILITY AGREEMENT, dated as of December 20, 2017, among (i) MATTEL,
INC., a Delaware corporation (the “Company”; as hereinafter further defined), MATTEL SALES CORP., a California corporation (“Mattel Sales”), MATTEL DIRECT IMPORT, INC., a Delaware corporation (“Mattel Direct
Import”), FISHER-PRICE, INC., a Delaware corporation (“Fisher-Price”), AMERICAN GIRL BRANDS, LLC, a Delaware limited liability company (“American Girl Brands”), AMERICAN GIRL RETAIL, INC., a Delaware
corporation (“American Girl Retail”), AMERICAN GIRL PUBLISHING, INC., a Wisconsin corporation (“American Girl Publishing”), and MATTEL REALTY CORPORATION, a Delaware corporation (“Mattel Realty”
together with the Company, Mattel Sales, Mattel Direct Import, Fisher-Price, American Girl Brands, American Girl Retail and American Girl Publishing, the “Initial U.S. Borrowers”; as hereinafter further defined), (ii) MATTEL
CANADA INC., a corporation formed under the laws of the Province of Ontario (the “Initial Canadian Borrower”; as hereinafter further defined), (iii) MATTEL FRANCE, a French limited liability company (société
par actions simplifiée) having its registered office at 1/3/5 allée des Fleurs, Parc de la Cerisaie 94260 Fresnes – France, and registered with the Trade and Companies Registry of Créteil under the number
692 039 688 RCS Créteil (the “Initial French Borrower”; as hereinafter further defined), (iv) MATTEL ESPANA, S.A., a corporation formed under the laws of Spain (the “Initial Spanish Borrower”;
as hereinafter further defined), (v) MATTEL EUROPA B.V., a private limited liability company (besloten vennootschap met beperkte aansprakelijkheid) under Netherlands law, having its corporate seat at Amsterdam (address: Gondel 1,
2nd floor, 1186 MJ Amstelveen, the Netherlands, and registered with the Dutch trade register under number: 33237928 (the “Initial Dutch Borrower”; as hereinafter further defined), MATTEL U.K. LIMITED, a company incorporated
in England and Wales with company number 01471442 (“Mattel U.K.”), HIT ENTERTAINMENT LIMITED, a company incorporated in England and Wales with company number 02341947 (“HiT”), GULLANE (THOMAS) LIMITED, a company
incorporated in England and Wales with company number 01555168 (“Gullane”, together with Mattel U.K. and HiT, the “Initial U.K. Borrowers”; as hereinafter further defined), and MATTEL GMBH, a German corporation
(Gesellschaft mit beschränkter Haftung) having its registered office at Solmstrasse 4, 60486 Frankfurt am Main, Germany, and registered with the Frankfurt, Germany Commercial Register under HRB 99273 (the “Initial German
Borrower”; as hereinafter further defined, together with the Initial Dutch Borrower and the Initial U.K. Borrowers, the “Initial European (GNU) Borrowers”; as hereinafter further defined), (vi) MATTEL PTY LTD, an
Australian proprietary limited company with ACN 000 660 962 (the “Initial Australian Borrower”; as hereinafter further defined), (vii) each of the other Borrowers (as hereinafter defined) and Guarantors (as hereinafter defined)
party hereto from time to time, (viii) the Lenders party hereto from time to time, (ix) BANK OF AMERICA, N.A., as Administrative Agent under the U.S. Revolving A Subfacility, the Revolving B Facility, the Canadian Revolving Subfacility,
the French Revolving Subfacility, the Spanish Revolving Subfacility, the European (GNU) Revolving Subfacility and the Australian Revolving Subfacility (in such capacity, the “Global Administrative Agent”; as hereinafter further
defined), as a U.S. Issuing Bank, a Canadian Issuing Bank (acting through its Canadian branch), a European (GNU) Issuing Bank and an Australian Issuing Bank, and as the U.S. Swingline Lender, the Canadian Swingline Lender (acting through its
Canadian branch), the European (GNU) Swingline Lender and the Australian Swingline Lender, (x) BANK OF AMERICA MERRILL LYNCH INTERNATIONAL LIMITED (together with its permitted successors and permitted assigns, “BAMLI”), as a
French Issuing Bank, a Spanish Issuing Bank, 

  
 1 

 
the French Swingline Lender and the Spanish Swingline Lender, and (xi) BANK OF AMERICA, N.A, as Collateral Agent (in such capacity, the “Collateral Agent”; as hereinafter
further defined) and Australian Security Trustee (in such capacity, the “Australian Security Trustee”; as hereinafter further defined). All capitalized terms used herein and defined in Section 1.01 are used
herein as therein defined. 
 W I T N E S S E T H: 

WHEREAS, on the Initial Closing Date (a) the Revolving Borrowers have requested that the Revolving A Lenders extend credit in the form of
Revolving A Loans in an aggregate principal amount at any time outstanding not to exceed $1,306,000,000, consisting of (i) a U.S. Revolving A Subfacility in an initial aggregate principal amount of $1,256,000,000 (the “U.S. Revolving A
Subfacility”) and (ii) a Canadian Revolving Subfacility in an initial aggregate principal amount of $50,000,000 (the “Canadian Revolving Subfacility”), and (b) the Revolving Borrowers have requested that the
Issuing Banks issue Letters of Credit in an aggregate Stated Amount at any time outstanding not to exceed (i) the U.S. LC Sublimit under the U.S. Revolving A Subfacility and (ii) the Canadian LC Sublimit under the Canadian Revolving
Subfacility and; (c) the Revolving Borrowers have requested the Swingline Lenders to extend credit in the form of Swingline Loans in an aggregate principal amount at any time outstanding not to exceed (i) in the case of the U.S. Revolving
A Subfacility, 10% of the U.S. Revolving A Commitment, and (ii) in the case of the Canadian Revolving Subfacility, 10% of the Canadian Revolving Commitment; and (d) the U.S. Revolving Borrowers have requested that the Revolving B Lenders
extend credit in the form of Revolving B Loans in an aggregate principal amount at any time outstanding not to exceed $294,000,000 (the “Revolving B Facility”); 

WHEREAS, on the French Closing Date the Revolving Borrowers have requested that (a) the U.S. Revolving A Subfacility be reduced by
$40,000,000; (b) the Revolving A Lenders extend credit in the form of Revolving A Loans under a French Revolving Subfacility in an initial aggregate principal amount of $40,000,000 (the “French Revolving Subfacility”);
(c) the Issuing Banks also issue Letters of Credit in an aggregate Stated Amount at any time outstanding not to exceed the French LC Sublimit under the French Revolving Subfacility; and (c) the Swingline Lenders also extend credit in the
form of Swingline Loans under the French Revolving Subfacility in an aggregate principal amount at any time outstanding not to exceed 10% of the French Revolving Commitment; 

WHEREAS, on the Spanish Closing Date the Revolving Borrowers have requested that (a) the U.S. Revolving A Subfacility be reduced by
$30,000,000; (b) the Revolving A Lenders extend credit in the form of Revolving A Loans under a Spanish Revolving Subfacility in an initial aggregate principal amount of $30,000,000 (the “Spanish Revolving Subfacility”);
(c) the Issuing Banks also issue Letters of Credit in an aggregate Stated Amount at any time outstanding not to exceed the Spanish LC Sublimit under the Spanish Revolving Subfacility; and (c) the Swingline Lenders also extend credit in the
form of Swingline Loans under the Spanish Revolving Subfacility in an aggregate principal amount at any time outstanding not to exceed 10% of the Spanish Revolving Commitment; 

  
 2 

 WHEREAS, on the European (GNU) Closing Date the Revolving Borrowers have requested that
(a) the U.S. Revolving A Subfacility be reduced by $280,000,000; (b) the Revolving A Lenders extend credit in the form of Revolving A Loans under a European (GNU) Revolving Subfacility in an initial aggregate principal amount of
$280,000,000 (the “European (GNU) Revolving Subfacility”); (c) the Issuing Banks also issue Letters of Credit in an aggregate Stated Amount at any time outstanding not to exceed the European (GNU) LC Sublimit under the European
(GNU) Revolving Subfacility; and (c) the Swingline Lenders also extend credit in the form of Swingline Loans under the European (GNU) Revolving Subfacility in an aggregate principal amount at any time outstanding not to exceed 10% of the
European (GNU) Revolving Commitment; and 
 WHEREAS, on the Australian Closing Date the Revolving Borrowers have requested that (a) the
U.S. Revolving A Subfacility be reduced by $50,000,000; (b) the Revolving A Lenders extend credit in the form of Revolving A Loans under an Australian Revolving Subfacility in an initial aggregate principal amount of $50,000,000 (the
“Australian Revolving Subfacility”); (c) the Issuing Banks also issue Letters of Credit in an aggregate Stated Amount at any time outstanding not to exceed the Australian LC Sublimit under the Australian Revolving Subfacility;
and (c) the Swingline Lenders also extend credit in the form of Swingline Loans under the Australian Revolving Subfacility in an aggregate principal amount at any time outstanding not to exceed 10% of the Australian Revolving Commitment. 

NOW THEREFORE, the Revolving A Lenders are willing to extend such revolving credit to the Revolving Borrowers, the Swingline Lenders are
willing to make Swingline Loans to the Revolving Borrowers, the Issuing Banks are willing to issue Letters of Credit for the account of the Revolving Borrowers and the Revolving B Lenders are willing to extend such revolving credit to the U.S.
Revolving Borrowers, in each case, on the terms and subject to the conditions set forth herein. 
 Section 1. Definitions and
Accounting Terms. 
 1.01. Defined Terms. As used in this Agreement, the following terms shall have the following meanings: 

“Acceptable Intercreditor Agreement” shall mean an intercreditor agreement in form and substance reasonably satisfactory to
the Administrative Agent and the Collateral Agent in their Permitted Discretion. 
 “Account Debtor” shall mean any Person
who may become obligated to another Person under, with respect to, or on account of, an Account. 
 “Account Debtor Approved
Countries” shall mean the United States, Canada, the Netherlands, Germany, France, the United Kingdom, Spain, Australia, Hong Kong, New Zealand, Norway, Singapore, Switzerland, and any other member state of the European Union as of
April 30, 2004, excluding Greece, in each case together with any state or province or territory thereof (as applicable); provided, that during the continuance of a Cash Dominion Period, the Administrative Agent may, in its Permitted
Discretion and as a condition to such jurisdiction remaining an Account Debtor Approved Country, require that Borrowers provide local law security documentation in respect of Accounts of Account Debtors organized outside of the jurisdiction of
organization of such Borrowers to ensure that the Administrative Agent has a duly perfected and enforceable Lien under the applicable law of such jurisdiction. 

  
 3 

 “Accounts” shall mean with respect to any Person, any of such Person’s
accounts receivable arising from the sale of goods or supply of services, including the right to payment of any interest or other finance charges, late payment or delinquency charges and any extension or collection fees, and including all
“accounts,” as such term is defined in the UCC or with respect to (a) any Australian Credit Party, as defined in the Australian PPSA, (b) any Canadian Credit Party, as defined in the PPSA, (c) any French Credit Party, all
créances (as this term is used in the French Civil Code), (d) any Dutch Borrower, all vorderingen (as used in the Dutch Civil Code), or (e) any German Borrower, all Forderungen (as this term is used in the
German Civil Code), in any such case in which any Person now or hereafter has rights, including all rights to payment for goods sold or leased or for services rendered. 

“ACH” shall mean automated clearing house transfers. 

“Acquired Entity or Business” shall mean either (a) the assets constituting a business, division or product line of any
Person not already a Subsidiary of the Company or (b) the Equity Interests of any Person, which Person shall, as a result of the respective acquisition, become a Restricted Subsidiary of the Company (or shall be merged, consolidated or
amalgamated with and/or into the Company or a Restricted Subsidiary of the Company). 
 “ADI Account” shall have the
meaning provided in Section 10 of the Australian PPSA. 
 “ADI Account Control Deed” means an ADI Account Control Deed
over an ADI Account to be executed by each institution maintaining an ADI Account (other than an Excluded Account) for a Borrower or any other Credit Party, in each case as required by, and in accordance with the terms of
Section 8.20 and in form and substance reasonably satisfactory to the Administrative Agent. 
 “Additional
Account Security Actions” shall mean that a Borrower has provided security documentation (in form and substance satisfactory to the Administrative Agent in its Permitted Discretion and at the reasonable request of the Administrative Agent)
in respect of Accounts of Account Debtors organized or incorporated outside of the jurisdiction of organization or incorporation of such Borrower or governed by the laws of a jurisdiction other than such Borrower’s jurisdiction of organization
or incorporation to ensure that the Collateral Agent or Australian Security Trustee, as applicable, has a duly perfected and enforceable Lien under the applicable law of such jurisdiction. 

“Additional Inventory Security Actions” shall mean that a Dutch Borrower has provided security documentation (in form and
substance satisfactory to the Administrative Agent in its Permitted Discretion and at the reasonable request of the Administrative Agent) in respect of its Inventory governed by the laws of the jurisdiction in which such Inventory is located to
ensure that the Collateral Agent has a duly perfected and enforceable Lien under the applicable law of such jurisdiction. 

“Additional Lenders” shall have the meaning provided in Section 2.15(b). 

  
 4 

 “Adjustment Date” shall mean the first day of each of January, April, July and
October, as applicable. 
 “Administrative Agent” shall mean the Global Administrative Agent and shall include any
successor thereto appointed pursuant to Section 11.09; provided that in each instance in this Agreement or any other Credit Document that provides for the Administrative Agent to exercise its discretion (including
the establishment or modification of Reserves or the exercise of Permitted Discretion) or provides for the Administrative Agent to provide any consent, determination or other judgment with regard to any action or inaction under this Agreement or any
other Credit Document, any such exercise of discretion, consent, determination, judgment, action or inactions of the referenced “Administrative Agent” shall be exercised, given, made or undertaken only at the direction and with the consent
of the Global Administrative Agent. 
 “Affiliate” of any specified Person shall mean, any other Person directly or
indirectly controlling or controlled by or under direct or indirect common control with such specified Person. For purposes of this definition, “control” (including, with correlative meanings, the terms
“controlling,” “controlled by” and “under common control with”), as used with respect to any Person, shall mean the possession, directly or indirectly, of the power to direct or cause the direction
of the management or policies of such Person, whether through the ownership of voting securities, by contract or otherwise; provided, however, that neither the Administrative Agent nor any Lender (nor any Affiliate thereof) shall be
considered an Affiliate of the Company or any Subsidiary thereof as a result of this Agreement, the extensions of credit hereunder or its actions in connection therewith. 

“Affiliate Transaction” shall have the meaning provided in Section 9.06. 

“Agent-Related Persons” shall mean the Administrative Agent, the Collateral Agent, the Australian Security Trustee, their
respective Affiliates and the officers, directors, employees, agents and attorneys-in-fact of the Administrative Agent, the Collateral Agent, the Australian Security
Trustee and their respective Affiliates. 
 “Agents” shall mean the Administrative Agent, the Collateral Agent and the
Australian Security Trustee. 
 “Agreement” shall mean this Syndicated Facility Agreement. 

“Agreement Currency” shall have the meaning provided in Section 12.21. 

“Alternative Currency” shall mean Canadian Dollars, Euros, Sterling, Australian Dollars and any other currency (other than
Dollars) that is approved in accordance with Section 1.10. 
 “Alternative Currency Equivalent”
shall mean, at any time, with respect to any amount denominated in Dollars, the equivalent amount thereof in the applicable Alternative Currency as determined by the Administrative Agent or the applicable Issuing Bank, as the case may be, at such
time on the basis of the Spot Rate (determined in respect of the most recent Revaluation Date) for the purchase of such Alternative Currency with Dollars. 

“AML Legislation” shall have the meaning provided in Section 12.18. 

  
 5 

 “Amortization Event” shall mean, with respect to any fiscal quarter, that the
Consolidated Net Leverage Ratio, calculated as of the end of the most recently ended Test Period for which Section 8.01 Financials have been delivered, is greater than 4.50 to 1.00. 

“Anti-Terrorism Laws” shall mean any Requirement of Law in any jurisdiction applicable to the Company and its Subsidiaries
and relating to terrorism or money laundering any predicate crime to money laundering, or any financial record keeping and reporting requirements related thereto, including the PATRIOT Act, the Criminal Code R.S.C. 1985, c. c-46, as amended, the United Nations Act, R.S.C. 1985 c. u-2, as amended, Regulations Implementing the United Nations Resolutions on the Suppression of Terrorism and the
United Nations al-Qaida and Taliban Regulations promulgated under the United Nations Act, the PCMLTFA, the Canadian Sanction Laws and the DMLTFPA. 

“Applicable Margin” shall mean the per annum percentage set forth below, as determined by the Average Availability as of the
most recent Adjustment Date: 
  

									
	 Level
	  	Average Availability
(percentage of Line
Cap)	  	U.S. Base Rate
Loans, Canadian
Base Rate Loans and
Canadian Prime
Loans	  	Eurocurrency Rate
Loans, Canadian
CDOR Rate
Loans and Foreign
Base Rate Loans	  	Australian Bill
Rate Loans
	 I
	  	3 75%	  	0.25%	  	1.25%	  	1.75%
	 II
	  	3 50% < 75%	  	0.50%	  	1.50%	  	2.00%
	 III
	  	3 25% < 50%	  	0.75%	  	1.75%	  	2.25%
	 IV
	  	< 25%	  	1.00%	  	2.00%	  	2.50%

 Until March 31, 2018, the Applicable Margin shall be determined as if Level II were applicable.
Thereafter, the Applicable Margin shall be subject to increase or decrease on each Adjustment Date based on Average Availability, as determined by the Administrative Agent’s system of record, and each such increase or decrease in the Applicable
Margin shall be effective on the Adjustment Date occurring immediately after the last day of the fiscal quarter most recently ended. If the Revolving Borrowers fail to deliver any Borrowing Base Certificate on or before the date required for
delivery thereof, then the Applicable Margin shall be determined as if Level IV were applicable, from the first day of the calendar month following the date such Borrowing Base Certificate was required to be delivered until two Business Days
after the date of delivery of such Borrowing Base Certificate. 
 “Appraisal” shall mean an appraisal (a) with respect
to any appraisal delivered on or prior to the Initial Closing Date, prepared on a basis reasonably satisfactory to the Administrative Agent (and, in the case of any appraisal of Eligible Fee-Owned Real Estate,
the Revolving B Lenders; provided that any such Lenders shall be deemed satisfied with such appraisal if no objection is made within ten (10) Business Days of delivery to such Lender), or (b) with respect to any such appraisal
delivered after the Initial Closing Date, prepared on a basis which is the same as the appraisal for the same property delivered pursuant to clause (a) above or on another basis reasonably satisfactory to the Administrative Agent (and, in the
case of any appraisal of Eligible Fee-Owned Real Estate, the Revolving B Lenders; provided that any such Lenders shall be deemed satisfied with such appraisal if no objection is made within
ten (10) Business Days of 

  
 6 

 
delivery to such Lender), in each case under clause (a) or (b), setting forth the Net Orderly Liquidation Value percentage of any Inventory, the IP Net Orderly Liquidation Value percentage
of any Eligible U.S. Intellectual Property, or the Real Estate Fair Market Value of any Eligible Fee-Owned Real Estate (as the case may be) in each case which is subject to such appraisal, which appraisal
shall be prepared by an appraiser selected by the Administrative Agent in its reasonable discretion. 
 “Approved Extended Term
Account Debtor” shall mean an Account Debtor which has extended terms for payment of its Accounts and which the Company and the Administrative Agent have agreed in writing pursuant to the Approved Extended Term Account Debtor Agreement will
be treated as an Approved Extended Term Account Debtor under this Agreement. 
 “Approved Extended Term Account Debtor
Agreement” shall mean that certain letter agreement dated the date hereof by and between the Administrative Agent and the Company in respect of Approved Extended Term Account Debtors. 

“Approved Fund” shall mean any Person (other than a natural Person) engaged in making and holding revolving and term loan
commitments of the type and under credit facilities similar to the credit facilities contemplated by this Agreement (including in one or more of the jurisdictions of organization or incorporation of the Borrowers) in its ordinary course of business
and consistent with its past practices that is administered or managed by (a) a Lender, (b) an Affiliate or branch of a Lender or (c) an entity or an Affiliate of an entity that administers or manages a Lender. 

“ASIC” shall mean the Australian Securities and Investments Commission or any successor of it. 

“Assignment and Assumption Agreement” shall mean an Assignment and Assumption Agreement substantially in the form of
Exhibit H (appropriately completed) or such other form as shall be reasonably acceptable to the Administrative Agent. 

“Australian Base Rate” shall mean, for any day, a per annum rate of interest (rounded up to the nearest 1/8th of 1%) equal to
the “RBA Cash Rate”, or comparable or successor rate approved by the Administrative Agent, determined by it at or about 10:30 a.m. (Sydney time) on such day, as published on the applicable Reuters screen page (or other commercially
available source designated by the Administrative Agent from time to time); provided, that in no event shall the Australian Base Rate be less than zero. Any change in such rate shall take effect at the opening of business on the applicable
Business Day. 
 “Australian Base Rate Loans” shall mean an Australian Revolving Loan denominated in Australian Dollars
that bears interest based on the Australian Base Rate. 
 “Australian Bill Rate” shall mean a per annum rate of interest
(rounded up to the nearest 1/8th of 1%) equal to the Australian BBSY Bid Screen Rate, or comparable or successor rate approved by the Administrative Agent, determined by it at or about 10:30 a.m. (Sydney time) on the first day of the applicable
Interest Period, for a term equivalent to such Interest Period; provided, that in no event shall the Australian Bill Rate be less than zero. 

  
 7 

 “Australian BBSY Bid Screen Rate” means: 

(a) the Australian Bank Bill Swap Reference Rate (Bid) administered by ASX Benchmarks Pty Limited ACN 616 075 417 (or any other
person which takes over the administration of that rate) for the relevant period and displayed (before any correction, recalculation or republication by the administrator) on page BBSY of the Thomson Reuters Screen (or any replacement Thomson
Reuters page which displays that rate); and 
 (b) if the rate described in
sub-paragraph (a) above is not available, the sum of: 
 (i) the Australian Bank Bill Swap
Reference Rate administered by ASX Benchmarks Pty Limited ACN 616 075 417 (or any other person which takes over the administration of that rate) for the relevant period and displayed (before any correction, recalculation or republication by the
administrator) on page BBSW of the Thomson Reuters Screen (or any replacement Thomson Reuters page which displays that rate); and 
 (ii)
0.05% per annum. 
 “Australian Bill Rate Loans” shall mean an Australian Revolving Loan denominated in Australian Dollars
that bears interest based on the Australian Bill Rate. 
 “Australian Borrowers” shall mean the Initial Australian Borrower
and each Australian Subsidiary of the Company that executes a counterpart hereof and each other applicable Credit Document (or a separate joinder hereto or thereto) to become a Revolving Borrower, whether on the Australian Closing Date or after the
Australian Closing Date in accordance with Section 2.21. 
 “Australian Borrowing Base” shall
mean, at the time of any determination, an amount equal to the sum of the Dollar Equivalent, without duplication, of 
 (a)
85% of the aggregate Outstanding Balance of Eligible Australian Accounts of the Australian Borrowers at such time; plus 

(b) the lesser of (i) 80% of the Cost of Eligible Australian Inventory at such time and (ii) 85% of the Net Orderly Liquidation
Value of Eligible Australian Inventory at such time; minus 
 (c) any Reserves established or modified from time to
time by the Administrative Agent in the exercise of its Permitted Discretion in accordance with the provisions of Section 2.22. 

The Australian Borrowing Base at any time shall be determined by reference to the most recent Borrowing Base Certificate delivered to the Administrative Agent
pursuant to Section 8.20(a), adjusted, in the Administrative Agent’s Permitted Discretion (pending the delivery of a new Borrowing Base Certificate), to reflect the impact of any Significant Disposition (or any event
or circumstance which, pursuant to the eligibility rules set forth in the definitions of Eligible Account or Eligible Inventory, renders any such Account or Inventory ineligible for inclusion in 

  
 8 

 
the Australian Borrowing Base after delivery of the most recent Borrowing Base Certificate). The Administrative Agent shall have the right (but no obligation) to review the computations in any
Borrowing Base Certificate and if such computations have not been calculated in accordance with the terms of this Agreement, the Administrative Agent shall have the right, in consultation with the Company, to correct any such errors in such manner
as it shall reasonably determine and the Administrative Agent will notify the Company in writing promptly after making any such correction. 

“Australian Closing Date” shall mean the “Australian Closing Date” specified in a written notification by
Administrative Agent to the Lenders that the conditions in Section 5.05 have been satisfied. 

“Australian Collateral” shall mean all the “Collateral” (or equivalent term) as defined in the Australian Security
Agreement and all other property (whether real, personal or otherwise) with respect to which any security interests have been granted by any Australian Credit Parties pursuant to any Australian Security Document. 

“Australian Corporations Act” shall mean the Corporations Act 2001 (Cth) of Australia and includes any regulations made
thereunder. 
 “Australian Credit Party” shall mean each Australian Borrower and each Australian Subsidiary Guarantor. 

“Australian Dilution Reserve” shall mean, at any date, (a) the amount by which the consolidated Dilution Ratio of
Eligible Australian Accounts exceeds five percent (5%) multiplied by (b) the Eligible Australian Accounts on such date. 

“Australian Dollars” and “AUD” shall mean the lawful currency of Australia. 

“Australian General Security Deed” shall mean the general security deed dated as of the Australian Closing Date by and
between the Initial Australian Borrower and the Australian Security Trustee. 
 “Australian Issuing Bank” shall mean, as
the context may require, (a) BANA (acting through its Australia branch) or any Affiliates or branches of BANA with respect to Australian Letters of Credit issued by it; (b) any other Revolving A Lender that may become an Issuing Bank
pursuant to Sections 2.13(i) and 2.13(k), with respect to Australian Letters of Credit issued by such Revolving A Lender; (c) with respect to any Existing Letter of Credit set forth on Part E of
Schedule 1.01B, the Revolving A Lender which is the issuer of such Existing Letter of Credit; or (d) collectively, all of the foregoing. 

“Australian LC Credit Extension” shall mean, with respect to any Australian Letter of Credit, the issuance, amendment or
renewal thereof or extension of the expiry date thereof, or the increase of the Stated Amount thereof. 
 “Australian LC
Disbursement” shall mean a payment or disbursement made by the Australian Issuing Bank pursuant to a Australian Letter of Credit. 

  
 9 

 “Australian LC Documents” shall mean all documents, instruments and agreements
delivered by an Australian Borrower, the Company, or any Subsidiary to an Australian Issuing Bank or the Administrative Agent in connection with any Australian Letter of Credit. 

“Australian LC Exposure” shall mean at any time the sum of (a) the aggregate undrawn Stated Amount of all outstanding
Australian Letters of Credit at such time plus (b) the aggregate principal amount of all Australian LC Disbursements that have not yet been reimbursed at such time. The Australian LC Exposure of any Revolving A Lender at any time shall
mean its Pro Rata Percentage of the aggregate Australian LC Exposure at such time. 
 “Australian LC Obligations” shall
mean the sum (without duplication) of (a) all amounts owing by the Australian Borrowers in respect of any Australian LC Disbursements (including any bankers’ acceptances or other payment obligations arising therefrom) and (b) the
Stated Amount of all outstanding Australian Letters of Credit. 
 “Australian LC Sublimit” shall mean $5,000,000. 

“Australian Letter of Credit” shall mean any standby, commercial or documentary letter of credit, foreign guaranty, bank
guarantee, documentary banker’s acceptance or similar instrument issued or to be issued by an Australian Issuing Bank under the Australian Revolving Subfacility requested by an Australian Borrower pursuant to
Section 2.13. 
 “Australian Line Cap” shall mean, at any time, an amount that is equal to the
lesser of (a) the Australian Revolving Commitments and (b) the Australian Borrowing Base. 
 “Australian Offshore
Associate” means an Australian Tax Associate: 
 (a) which is a non-resident
of Australia and which does not become, or would not become, an Australian Revolving Lender or receive a payment in carrying on a business in Australia at or through a permanent establishment of the Australian Tax Associate in Australia; or 

(b) which is a resident of Australia and which becomes, or would become, an Australian Revolving Lender or receive a payment in
carrying on a business in a country outside Australia at or through a permanent establishment of the Australian Tax Associate in that country, 
 and which
does not become an Australian Revolving Lender or receive payment in the capacity of dealer, manager, underwriter, clearing house, payment agent, custodian, funds manager or responsible entity of a registered scheme. 

“Australian PPSA” shall mean the Personal Property Securities Act 2009 (Cth) of Australia and includes any regulations made
thereunder. 
 “Australian Protective Advance” shall have the meaning provided in Section 2.18.

 “Australian Pension Plan” shall mean a superannuation, retirement benefit or pension fund (whether established by deed
or under any statute of Australia or any state or territory of Australia) contributed to by, or to which there is or may be an obligation to contribute by, any Credit Party in respect of its Australian employees and officers or former employees and
officers. 

  
 10 

 “Australian Priority Payables Reserves” shall mean reserves with respect to
amounts secured by any Liens, choate or inchoate, or any rights, whether imposed by applicable law in Australia or elsewhere (and including rights to the payment or reimbursement of any costs, charges or other amounts in connection with any
insolvency proceeding), which rank or are capable of ranking in priority to the Liens on the Collateral in favour of Collateral Agent’s or Australian Security Trustee’s Liens including, without limitation, to the extent applicable by
Requirements of Law, any such amounts due or which may become due and not paid for wages, long service leave, retrenchment, payment in lieu of notice, annual leave or vacation pay (including in all respects amounts protected by or payable pursuant
to the Fair Work Act 2009 (Cth) of Australia), any preferential claims as set out in the Australian Corporations Act, amounts due or which may become due and not paid under any legislation relating to workers’ compensation or to employment
insurance, all amounts deducted or withheld and not paid and remitted when due under the Taxation Administration Act 1953 (Cth) of Australia (but excluding Pay as You Go income withholding tax) and amounts in the future, currently or past due and
not contributed, remitted or paid in respect of any Australian Pension Plan, together with any charges which may be levied by a Governmental Authority as a result of any default in payment obligations in respect of any Australian Pension Plan. 

“Australian Restricted Subsidiary” shall mean any Australian Subsidiary that is a Restricted Subsidiary. 

“Australian Revolving Borrowing” shall mean a Borrowing comprised of Australian Revolving Loans. 

“Australian Revolving Commitment” shall mean, with respect to each Australian Revolving Lender, the commitment, if any, of
such Lender to make Australian Revolving Loans hereunder up to the amount set forth and opposite such Lender’s name on the Commitment Schedule under the caption “Australian Revolving Commitment,” or in the Assignment and Assumption
Agreement pursuant to which such Lender assumed its Australian Revolving Commitment, as applicable, as the same may be (a) reduced from time to time pursuant to Section 2.07, (b) reduced or increased from time to time
pursuant to Section 2.20 and (c) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 12.04. 

“Australian Revolving Exposure” shall mean, with respect to any Australian Revolving Lender at any time, the aggregate
principal amount at such time of all outstanding Australian Revolving Loans of such Lender, plus the aggregate amount at such time of such Lender’s Australian LC Exposure, plus the aggregate amount of such Lender’s Australian Swingline
Exposure. 
 “Australian Revolving Lender” shall mean any Lender under the Australian Revolving Subfacility. 

  
 11 

 “Australian Revolving Loans” shall mean advances made to or at the instructions
of a Australian Borrower pursuant to Section 2.01(a)(vii) hereof under the Australian Revolving Subfacility. 

“Australian Revolving Note” shall mean each revolving note substantially in the form of Exhibit B-6 hereto. 
 “Australian Revolving Subfacility” shall have the meaning provided in
the recitals hereto. 
 “Australian Security Agreement” shall mean the Australian General Security Deed and any other
general security governed by the laws of a state or territory of Australia entered into by an Australian Credit Party from time to time. 

“Australian Security Documents” shall mean the Australian Security Agreement, and, after the execution and delivery thereof,
each ADI Account Control Deed, each other document governed by Australian law executed and delivered by any Credit Party pursuant to which a Lien is granted in favor of the Australian Security Trustee to secure the Obligations, each document, if
any, governed by Australian law executed and delivered by any Credit Party pursuant to the Additional Inventory Security Actions and each document, if any, governed by Australian law executed and delivered by any Credit Party pursuant to the
Additional Account Security Actions. 
 “Australian Security Trustee” shall mean BANA, as Australian security trustee, and
shall include any permitted successors and permitted assigns. 
 “Australian Security Trust Deed” shall mean the security
trust deed dated as of the Australian Closing Date between the Initial Australian Borrower and the Company (as at the date of this Agreement), the Administrative Agent and the Australian Security Trustee. 

“Australian Subsidiary” shall mean any Subsidiary of the Company incorporated now or hereinafter under the laws of Australia
or a state or territory thereof. 
 “Australian Subsidiary Guarantor” shall mean each Australian Restricted Subsidiary
(other than any Australian Borrower) which is a party to this Agreement on the Australian Closing Date, as well as each Australian Restricted Subsidiary established, created or acquired after the Australian Closing Date which is required to become a
party to this Agreement as a Guarantor in accordance with the requirements of the Collateral and Guarantee Requirement. 

“Australian Swingline Commitment” shall mean the commitment of the Australian Swingline Lender to make loans under the
Australian Revolving Subfacility pursuant to Section 2.12, as the same may be reduced from time to time pursuant to Section 2.07. 

“Australian Swingline Exposure” shall mean, at any time, the aggregate principal amount at such time of all outstanding
Australian Swingline Loans. The Australian Swingline Exposure of any Australian Revolving Lender at any time shall equal its Pro Rata Percentage of the aggregate Australian Swingline Exposure at such time. 

“Australian Swingline Lender” shall mean BANA (acting through its Australia branch), its permitted successors and permitted
assigns. 

  
 12 

 “Australian Swingline Loan” shall mean any Loan made by the Australian Swingline
Lender pursuant to Section 2.12. 
 “Australian Swingline Note” shall mean each swingline note
substantially in the form of Exhibit B-11 hereto. 
 “Australian Tax Act”
shall mean the Income Tax Assessment Act 1936 (Cth) of Australia, the Income Tax Assessment Act 1997 (Cth) of Australia and the Tax Administration Act of 1953 (Cth). 

“Australian Tax Associate” shall mean an associate as defined in section 128F(9) of the Australian Tax Act. 

“Australian Withholding Tax” shall mean any Tax required to be withheld or deducted from any interest or other payment under
Division 11A of Part III of the Australian Tax Act. 
 “Availability Period” shall mean, with respect to each Revolving A
Subfacility and the Revolving B Facility, the period from the Initial Closing Date to the earlier of (a) the Maturity Date, (b) the termination of the applicable Revolving A Subfacility or the Revolving B Facility (as applicable) under
Section 2.09(b)(i) and (c) the date of declaration under Section 10.01 that all amounts owing hereunder are due. 

“Average Availability” shall mean, at any Adjustment Date, the average daily Total Excess Availability for the fiscal quarter
period immediately preceding such Adjustment Date. 
 “Average Usage” shall mean, at any Adjustment Date, the average daily
aggregate Revolving Exposure for the Revolving A Subfacilities (excluding any Revolving A Exposure resulting from any outstanding Swingline Loans) and the Revolving B Facility for the fiscal quarter period immediately preceding such Adjustment Date
divided by the aggregate Revolving Commitments in respect of the Revolving A Subfacilities and the Revolving B Facility at such time. 

“Bail-In Action” shall mean the exercise of any Write-Down and Conversion Powers by
the applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution. 
 “Bail-In Legislation” shall mean, with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing
Requirement of Law for such EEA Member Country. 
 “BAMLI” shall have the meaning provided in the recitals hereto. 

“BANA” shall mean Bank of America, N.A. and its permitted successors and permitted assigns. 

“Bank of Canada Overnight Rate” shall mean the Bank of Canada overnight rate, which is the rate of interest charged by the
Bank of Canada on one-day loans to financial institutions, for such day. 

  
 13 

 “Bank Product” shall mean any of the following products, services or facilities
extended to any Borrower or any of Company’s Subsidiaries: (a) Cash Management Services; (b) products under Hedging Agreements; (c) commercial credit card and merchant card services; and (d) other banking products or
services as may be requested by any Borrower, other than Letters of Credit. 
 “Bank Product Debt” shall mean Indebtedness
and other obligations (including Hedging Obligations and Cash Management Obligations) of a Borrower or any of Company’s Subsidiaries relating to Bank Products. 

“Bankruptcy Code” shall have the meaning provided in Section 10.01(e). 

“Base Rate Loans” shall mean Australian Base Rate Loans, Canadian Base Rate Loans, U.S. Base Rate Loans and/or Foreign Base
Rate Loans, as the context may require. 
 “Benefit Plan” shall mean any of (a) an “employee benefit plan”
(as defined in Section 3(3) of ERISA) that is subject to Title I of ERISA, (b) a “plan” as defined in Section 4975 of the Code or (c) any Person whose assets include (for purposes of ERISA Section 3(42) or
otherwise for purposes of Title I of ERISA or Section 4975 of the Code) the assets of any such “employee benefit plan” or “plan”. 

“BIA” shall mean the Bankruptcy and Insolvency Act (Canada), as amended. 

“Board of Directors” shall mean, with respect to any Person, (a) in the case of any corporation, the board of directors
or the managing directors of such Person (as applicable), (b) in the case of any limited liability company, the board of managers of such Person, (c) in the case of any partnership, the Board of Directors of the general partner of such Person
and (d) in any other case, the functional equivalent of the foregoing. 
 “Borrower Designation Notice” shall have the
meaning provided in Section 2.21(a). 
 “Borrower Designation Request and Assumption Agreement”
shall have the meaning provided in Section 2.21(a). 
 “Borrowers” shall mean the Revolving
Borrowers. 
 “Borrowing” shall mean the borrowing of the same Type and Class of Loan by the Borrowers from all the
Lenders having Commitments on a given date (or resulting from a conversion or conversions on such date), having in the case of Eurocurrency Rate Loans, the same Interest Period, in the case of Australian Bill Rate Loans, the same Interest Period,
and in the case of Canadian CDOR Rate Loans, the same Interest Period; provided that U.S. Base Rate Loans, Australian Base Rate Loans, Foreign Base Rate Loans, Canadian Base Rate Loans and Canadian Prime Loans incurred pursuant to
Section 3.01(b) shall be considered part of the related Borrowing of Eurocurrency Rate Loans, Australian Bill Rate Loans or Canadian CDOR Rate Loans, as applicable. 

  
 14 

 “Borrowing Base” shall mean (a) with respect to the U.S. Revolving A
Commitment, the U.S. Revolving A Borrowing Base, (b) with respect to the Revolving B Commitment, the Revolving B Borrowing Base, (c) with respect to the Canadian Revolving Commitment, the Canadian Borrowing Base, (d) with respect to
the French Revolving Commitment, the French Borrowing Base, (e) with respect to the European (GNU) Revolving Commitment, the European (GNU) Borrowing Base, (f) with respect to the Dutch Revolving Commitment, the Dutch Borrowing Base,
(g) with respect to the German Revolving Commitment, the German Borrowing Base, (h) with respect to the U.K. Revolving Commitment, the U.K. Borrowing Base, (i) with respect to the Spanish Revolving Commitment, the Spanish Borrowing
Base, (j) with respect to the Australian Revolving Commitment, the Australian Borrowing Base and (k) the sum of the U.S. Revolving A Borrowing Base, the Revolving B Borrowing Base, the Canadian Borrowing Base, the French Borrowing Base,
the Spanish Borrowing Base, the European (GNU) Borrowing Base and the Australian Borrowing Base, as the context may require. The Borrowing Base or any component thereof at any time shall be determined by reference to the most recent Borrowing Base
Certificate delivered to the Administrative Agent pursuant to Section 8.20(a). 
 “Borrowing Base
Assets” shall mean any assets of the type included in the calculation of the Borrowing Base, without regard to whether such assets are eligible for inclusion in the Borrowing Base; provided that Borrowing Base Assets shall not
include (a) any Intellectual Property other than Eligible U.S. Intellectual Property or (b) any Real Property other than Eligible Fee-Owned Real Estate. 

“Borrowing Base Certificate” shall mean a certificate of a Responsible Officer of the Company in substantially the form of
Exhibit D or such other form as shall be reasonably acceptable to the Administrative Agent. 
 “Borrowing Minimum”
shall mean (a) in the case of a Borrowing denominated in Dollars, $1,000,000, (b) in the case of a Borrowing denominated in Canadian Dollars, C$1,000,000, (c) in the case of a Borrowing denominated in Euro, €1,000,000, (d) in the case of a
Borrowing denominated in Sterling, £1,000,000, (e) in the case of a Borrowing denominated in Australian Dollars, AUD 1,000,000 and (f) in the case of a Borrowing denominated in any other Alternative Currency, such amount as may be agreed
by the Administrative Agent and the Company. 
 “Borrowing Multiple” shall mean (a) in the case of a Borrowing
denominated in Dollars, $500,000, (b) in the case of a Borrowing denominated in Canadian Dollars, C$500,000, (c) in the case of a Borrowing denominated in Euro, €500,000, (d) in the case of a Borrowing denominated in Sterling, £500,000,
(e) in the case of a Borrowing denominated in Australian Dollars, AUD 500,000, and (f) in the case of a Borrowing denominated in any other Alternative Currency, such amount as may be agreed by the Administrative Agent and the Company. 

“Business Day” shall mean (a) for all purposes other than as covered by clause (b) below, any day except Saturday,
Sunday and any day which shall be in New York, New York; Los Angeles, California; Toronto, Canada; London, England; Paris, France; Amsterdam, the Netherlands; Frankfurt, Germany; Madrid, Spain; or Sydney, Australia a legal holiday or a day on which
banking institutions are authorized or required by Requirement of Law or other government action to close and (b) with respect to all notices and determinations in connection with, and payments of principal and interest on, Eurocurrency Rate
Loans, any day which is a Business Day described in clause (a) above and which is also a day for trading by and between banks in the New York or London interbank Eurodollar market. 

  
 15 

 “Canadian Base Rate” shall mean, for any day, the greater of (a) the per
annum rate of interest designated by BANA (acting through its Canada branch) from time to time as its base rate for commercial loans made by it in Dollars, which rate is based on various factors, including its 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 rate; (b) the Federal Funds Rate for such day, plus 0.50% per annum; or (c) the Eurocurrency Rate
for a Eurocurrency Rate Loan with a one-month interest period commencing on such day plus 1.00%. For purposes of this definition, the Eurocurrency Rate shall be determined using the Eurocurrency Rate as
otherwise determined by the Global Administrative Agent in accordance with the definition of Eurocurrency Rate. Any change in the Canadian Base Rate due to a change in the rate described in clause (a) of this definition, the Federal Funds Rate
or such Eurocurrency Rate shall be effective as of the opening of business on the day of such change in the rate described in clause (a) of this definition, the Federal Funds Rate or such Eurocurrency Rate, respectively; and if the Canadian
Base Rate shall be less than zero, such rate shall be deemed zero for purposes of this Agreement. 
 “Canadian Base Rate
Loan” shall mean a Canadian Revolving Loan denominated in U.S. Dollars that bears interest based on the Canadian Base Rate. 

“Canadian Blocked Persons” shall have the meaning provided in the definition of the term “Eligible Account Debtor”.

 “Canadian Borrowers” shall mean the Initial Canadian Borrower and each Canadian Subsidiary of the Company that executes
a counterpart hereof and each other applicable Credit Document (or a separate joinder hereto or thereto) to become a Revolving Borrower, whether on the Initial Closing Date or after the Initial Closing Date in accordance with
Section 2.21. 
 “Canadian Borrowing Base” shall mean, at the time of any determination, an
amount equal to the sum of the Dollar Equivalent, without duplication, of 
 (a) 85% of the aggregate Outstanding Balance of
Eligible Canadian Accounts of the Canadian Borrowers at such time; plus 
 (b) the lesser of (i) 80% of the Cost of
Eligible Canadian Inventory at such time and (ii) 85% of the Net Orderly Liquidation Value of Eligible Canadian Inventory at such time; plus 

(c) the lesser of (i) 80% of the Cost of Eligible In-Transit Inventory owned by the
Canadian Borrowers at such time and (ii) 85% of the Net Orderly Liquidation Value of Eligible In-Transit Inventory owned by the Canadian Borrowers at such time; minus 

(d) any Reserves established or modified from time to time by the Administrative Agent in the exercise of its Permitted
Discretion in accordance with the provisions of Section 2.22. 

  
 16 

 The Canadian Borrowing Base at any time shall be determined by reference to the most recent Borrowing Base
Certificate delivered to the Administrative Agent pursuant to Section 8.20(a), adjusted, in the Administrative Agent’s Permitted Discretion (pending the delivery of a new Borrowing Base Certificate), to reflect the
impact of any Significant Disposition (or any event or circumstance which, pursuant to the eligibility rules set forth in the definitions of Eligible Account, Eligible Inventory or Eligible In-Transit
Inventory, renders any such Account or Inventory ineligible for inclusion in the Canadian Borrowing Base after delivery of the most recent Borrowing Base Certificate). The Administrative Agent shall have the right (but no obligation) to review the
computations in any Borrowing Base Certificate and if such computations have not been calculated in accordance with the terms of this Agreement, the Administrative Agent shall have the right, in consultation with the Company, to correct any such
errors in such manner as it shall reasonably determine and the Administrative Agent will notify the Company in writing promptly after making any such correction. 

“Canadian CDOR Rate” shall mean, for any day, a per annum rate of interest equal to the Canadian Dollar bankers’
acceptance rate, or comparable or successor rate approved by the Administrative Agent, determined by it at or about 10:00 a.m. (Toronto time) on the applicable day (or the preceding Business Day, if the applicable day is not a Business Day) for a
term comparable to the applicable Canadian CDOR Rate Loan, as published on the CDOR or other applicable Reuters screen page (or other commercially available source designated by the Administrative Agent from time to time); provided, that in
no event shall the Canadian CDOR Rate be less than zero. 
 “Canadian CDOR Rate Loan” shall mean a Canadian Revolving Loan
(other than a Canadian Prime Loan), or portion thereof, funded in Canadian Dollars and bearing interest calculated by reference to the Canadian CDOR Rate. 

“Canadian Collateral” shall mean all the “Collateral” (or equivalent term) as defined in the Canadian Security
Agreement and all other property (whether real, personal or otherwise) with respect to which any security interests have been granted by any Canadian Credit Parties pursuant to any Canadian Security Document. 

“Canadian Collection Account” shall have the meaning provided in Section 8.20(c)(iii). 

“Canadian Credit Party” shall mean each Canadian Borrower and each Canadian Subsidiary Guarantor. 

“Canadian Defined Benefit Pension Plan” shall mean a “registered pension plan,” as defined in subsection 248(1) of
the ITA, which contains a “defined benefit provision,” as defined in subsection 147.1(1) of the ITA. 
 “Canadian Dilution
Reserve” shall mean, at any date, (a) the amount (stated in percentage terms) by which the consolidated Dilution Ratio of Eligible Canadian Accounts exceeds five percent (5%) multiplied by (b) the Eligible Canadian Accounts on
such date. 
 “Canadian Dollars” and “C$” shall mean the lawful currency of Canada. 

  
 17 

 “Canadian Employee Benefits Legislation” shall mean the Pension Benefits
Act (Ontario) and any regulations promulgated thereunder, and any Canadian federal, provincial or local counterparts or equivalents. 

“Canadian Issuing Bank” shall mean, as the context may require, (a) BANA (acting through its Canada branch) or any
Affiliates or branches of BANA with respect to Canadian Letters of Credit issued by it; (b) any other Revolving A Lender that may become an Issuing Bank pursuant to Sections 2.13(i) and 2.13(k), with respect to Canadian Letters of
Credit issued by such Revolving A Lender; (c) with respect to any Existing Letter of Credit set forth on Part B of Schedule 1.01B, the Revolving A Lender which is the issuer of such Existing Letter of Credit; or
(d) collectively, all of the foregoing. 
 “Canadian LC Credit Extension” shall mean, with respect to any Canadian
Letter of Credit, the issuance, amendment or renewal thereof or extension of the expiry date thereof, or the increase of the Stated Amount thereof. 

“Canadian LC Disbursement” shall mean a payment or disbursement made by a Canadian Issuing Bank pursuant to a Canadian Letter
of Credit. 
 “Canadian LC Documents” shall mean all documents, instruments, and agreements delivered by a Canadian
Borrower, the Company, or any Subsidiary to a Canadian Issuing Bank or the Administrative Agent in connection with any Canadian Letter of Credit. 

“Canadian LC Exposure” shall mean at any time the sum of (a) the aggregate undrawn Stated Amount of all outstanding
Canadian Letters of Credit at such time plus (b) the aggregate principal amount of all Canadian LC Disbursements that have not yet been reimbursed at such time. The Canadian LC Exposure of any Revolving A Lender at any time shall mean its Pro
Rata Percentage of the aggregate Canadian LC Exposure at such time. 
 “Canadian LC Obligations” shall mean the sum
(without duplication) of (a) all amounts owing by the Canadian Borrowers in respect of any Canadian LC Disbursements (including any bankers’ acceptances or other payment obligations arising therefrom) and (b) the Stated Amount of all
outstanding Canadian Letters of Credit. 
 “Canadian LC Sublimit” shall mean $5,000,000. 

“Canadian Letter of Credit” shall mean any standby, commercial or documentary letter of credit, foreign guaranty, bank
guarantee, documentary banker’s acceptance or similar instrument issued or to be issued by a Canadian Issuing Bank under the Canadian Revolving Subfacility requested by a Canadian Borrower, if any, pursuant to
Section 2.13. 
 “Canadian Line Cap” shall mean, at any time, an amount that is equal to the
lesser of (a) the Canadian Revolving Commitments and (b) the Canadian Borrowing Base. 
 “Canadian MEPP” shall
mean each “multi- employer pension plan” as defined in the Pension Benefits Act (Ontario). 

  
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 “Canadian Pension Plan” shall mean each pension, supplementary pension,
retirement savings or other retirement income plan or arrangement of any kind, registered or non-registered, established, maintained or contributed to by the Company or another Canadian Credit Party for its or
any of its current or previous Affiliates’ Canadian employees or former employees and includes for greater certainty “target benefit” plans and all Canadian Defined Benefit Pension Plans but shall not include any Canadian MEPP, the
Canada Pension Plan (CPP) as maintained by the government of Canada or the Quebec Pension Plan (QPP) as maintained by the government of Quebec or similar plan maintained by any other province or territory in Canada. 

“Canadian Prime Loan” shall mean a Canadian Revolving Loan to the Canadian Borrowers denominated in Canadian Dollars which
bears interest at a rate based upon the Canadian Prime Rate. 
 “Canadian Prime Rate” shall mean, for any day, the greater
of (a) the per annum rate of interest designated by BANA (acting through its Canada branch) from time to time as its prime rate for commercial loans made by it in Canada in Canadian Dollars, which rate is based on various factors, including its
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 rate; or (b) the Canadian CDOR Rate for a one-month interest period as of such day, plus 1.00%; provided, that in no event shall the Canadian Prime Rate be less than zero. Any change in such rate shall take effect at the opening of business on the
applicable Business Day. 
 “Canadian Priority Payables” shall mean, at any time, with respect to the Canadian Borrowing
Base: 
 (a) the amount due on or prior to the date as of which the Canadian Borrowing Base is to be determined and remaining
unpaid at the time of determination by any Canadian Borrower (or any other Person for which any Canadian Borrower has joint and several liability), for which each Canadian Borrower has an obligation to remit to a Governmental Authority or other
Person pursuant to any applicable Requirement of Law, in respect of (i) pension fund obligations including unfunded liabilities, solvency deficiencies or wind-up deficiencies on any wind-up or termination of any Canadian Pension Plan and employee and employer pension plan contributions (including “normal cost,” “special payments” and any other payments in respect of any
funding deficiency or shortfall), (ii) employment insurance, (iii) goods and services taxes, sales taxes, employee income taxes, excise tax and other taxes payable or to be remitted or withheld, (iv) workers’ compensation,
(v) wages, salaries, commission or compensation, including vacation pay and severance pay (including amounts protected by the Wage Earner Protection Program Act (Canada)), and (vi) other like charges and demands; in each case in respect of
which any Governmental Authority or other Person may claim a security interest, hypothec, prior claim, trust or other claim or Lien ranking or capable of ranking in priority to or equal in priority with one or more of the Liens granted pursuant to
the Security Documents (a “Priority Lien”); and 
 (b) the aggregate amount due on or prior to the date as
of which the Canadian Borrowing Base is to be determined and remaining unpaid at the time of determination of any other liabilities of the Canadian Borrowers (or any other Person for which the 

  
 19 

 
Canadian Borrowers have joint and several liability) (i) in respect of which a trust has been or may be imposed on Collateral of any Canadian Borrower to provide for payment or
(ii) which are secured by a security interest, hypothec, prior claim, pledge, charge, right, or claim or other Lien on any Collateral of any Canadian Borrower, in each case pursuant to any applicable Requirement of Law and which trust, security
interest, hypothec, prior claim, pledge, charge, right, claim or other Lien ranks or is capable of ranking in priority to or equal in priority with one or more of the Liens granted in the Security Documents. 

“Canadian Priority Payables Reserve” shall mean, on any date of determination for the Canadian Borrowing Base, a reserve
established from time to time by the Administrative Agent in its Permitted Discretion in an amount up to, but not in excess of, the amount of Canadian Priority Payables set forth on the most recent Borrowing Base Certificate (as the same may be
reduced or increased by the next succeeding Borrowing Base Certificate) delivered to the Administrative Agent pursuant to Section 8.20(a). 

“Canadian Protective Advances” shall have the meaning provided in Section 2.18. 

“Canadian Restricted Subsidiary” shall mean any Canadian Subsidiary that is a Restricted Subsidiary. 

“Canadian Revolving Borrowing” shall mean a Borrowing comprised of Canadian Revolving Loans. 

“Canadian Revolving Commitment” shall mean, with respect to each Canadian Revolving Lender, the commitment, if any, of such
Lender to make Canadian Revolving Loans hereunder up to the amount set forth and opposite such Lender’s name on the Commitment Schedule under the caption “Canadian Revolving Commitment,” or in the Assignment and Assumption Agreement
pursuant to which such Lender assumed its Canadian Revolving Commitment, as applicable, as the same may be (a) reduced from time to time pursuant to Section 2.07, (b) reduced or increased from time to time pursuant to
Section 2.20 and (c) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 12.04. 

“Canadian Revolving Exposure” shall mean, with respect to any Canadian Revolving Lender at any time, the aggregate principal
amount at such time of all outstanding Canadian Revolving Loans of such Lender, plus the aggregate amount at such time of such Lender’s Canadian LC Exposure, plus the aggregate amount of such Lender’s Canadian Swingline Exposure. 

“Canadian Revolving Lender” shall mean any Lender under the Canadian Revolving Subfacility. Each Canadian Revolving Lender,
unless an Event of Default has occurred and is continuing, shall be a financial institution that is listed on Schedule I, II or III of the Bank Act (Canada), has received an approval to have a financial establishment in Canada pursuant to
Section 522.21 of the Bank Act (Canada) or is not a foreign bank for purposes of the Bank Act (Canada) or is not prohibited by applicable Requirements of Law, including the Bank Act (Canada) from having a Canadian Revolving Commitment, or
making any Canadian Revolving 

  
 20 

 
Loans or having any Canadian LC Obligations under this Agreement, and if such financial institution is not resident in Canada and is not deemed to be resident in Canada for purposes of the ITA,
then such financial institution is not a “specified shareholder” of a Canadian Credit Party and deals at arm’s length with each Canadian Credit Party and each “specified shareholder” of each Canadian Credit Party for
purposes of the ITA. 
 “Canadian Revolving Loans” shall mean advances made to or at the instructions of a Canadian
Borrower pursuant to Section 2.01(a)(iii) hereof under the Canadian Revolving Subfacility. 
 “Canadian
Revolving Note” shall mean each revolving note substantially in the form of Exhibit B-2 hereto. 

“Canadian Revolving Subfacility” shall have the meaning provided in the recitals hereto, as applicable. 

“Canadian Sanction Laws” shall mean the Special Economic Measures Act (Canada) and similar Requirements of Law of Canada
governing transactions in controlled goods or technologies or dealings with countries, entities, organizations, or individuals subject to economic sanctions and similar measures in respect to sanctioned persons. 

“Canadian Security Agreement” shall mean the Canadian Security Agreement dated as of the Initial Closing Date, by and between
the Collateral Agent and each of the Canadian Credit Parties which is a party thereto. 
 “Canadian Security Documents”
shall mean the Canadian Security Agreement and, after the execution and delivery thereof, each other document executed and delivered by any Canadian Credit Party pursuant to which a Lien is granted in favor of the Collateral Agent to secure the
Obligations, and each document, if any, executed and delivered by any Canadian Credit Party pursuant to the Additional Account Security Actions. 

“Canadian Subsidiary” shall mean any Subsidiary of the Company organized now or hereinafter under the laws of Canada or a
province or territory thereof. 
 “Canadian Subsidiary Guarantor” shall mean each Canadian Restricted Subsidiary (other
than any Canadian Borrower) which is a party to this Agreement on the Initial Closing Date, as well as each Canadian Restricted Subsidiary established, created or acquired after the Initial Closing Date which is required to become a party to this
Agreement as a Guarantor in accordance with the requirements of the Collateral and Guarantee Requirement. 
 “Canadian Swingline
Commitment” shall mean the commitment of the Canadian Swingline Lender to make loans under the Canadian Revolving Subfacility pursuant to Section 2.12, as the same may be reduced from time to time pursuant to
Section 2.07. 
 “Canadian Swingline Exposure” shall mean, at any time, the aggregate principal
amount at such time of all outstanding Canadian Swingline Loans. The Canadian Swingline Exposure of any Canadian Revolving Lender at any time shall equal its Pro Rata Percentage of the aggregate Canadian Swingline Exposure at such time. 

  
 21 

 “Canadian Swingline Lender” shall mean BANA (acting through its Canada branch)
and its permitted successors and permitted assigns. 
 “Canadian Swingline Loan” shall mean any Loan made by the Canadian
Swingline Lender pursuant to Section 2.12. 
 “Canadian Swingline Note” shall mean each swingline
note substantially in the form of Exhibit B-8 hereto. 
 “Capital
Expenditures” shall mean, for any period, the aggregate of, without duplication, all expenditures (whether paid in cash or accrued as liabilities) by the Company and its Restricted Subsidiaries during such period that, in conformity with
GAAP, are or are required to be included as additions during such period to property, plant or equipment reflected in the consolidated balance sheet of the Company and its Restricted Subsidiaries; provided that the term “Capital
Expenditures” shall not include, without duplication: 
 (a) expenditures made in connection with the replacement,
substitution, restoration, or repair of assets to the extent made with insurance proceeds or compensation awards paid on account of a Casualty Event committed to be consummated within one year after receipt of such proceeds or awards and actually
consummated within eighteen months after receipt of such proceeds or awards; 
 (b) the purchase price of equipment that is
purchased simultaneously with the trade in of existing equipment to the extent that the gross amount of such purchase price is reduced by the credit granted by the seller of such equipment for the equipment being traded in at such time; 

(c) the purchase of property, plant, or equipment to the extent made with the proceeds of Dispositions within 180 days after
receipt of such proceeds; and 
 (d) any expenditures made as payments of the consideration for a Permitted Acquisition or
other similar Investment permitted hereunder and any amounts recorded pursuant to purchase accounting required under GAAP pertaining to such Permitted Acquisition or such similar Investment. 

“Capital Stock” shall mean: 

(a) in the case of a corporation, corporate stock or shares; 

(b) in the case of an association or business entity, any and all shares, interests, participations, rights or other
equivalents (however designated) of corporate stock; 
 (c) in the case of a partnership or limited liability company,
partnership or membership interests (whether general or limited); and 
 (d) any other interest or participation that confers
on a Person the right to receive a share of the profits and losses of, or distributions of assets of, the issuing Person but excluding from all of the foregoing any debt securities convertible into Capital Stock, whether or not such debt securities
include any right of participation with Capital Stock. 

  
 22 

 “Capitalized Lease Obligation” shall mean, at the time any determination thereof
is to be made, the amount of the liability in respect of a capital lease that would at such time be required to be capitalized and reflected as a liability on a balance sheet (excluding the footnotes thereto) prepared in accordance with GAAP;
provided, however, that any obligations relating to a lease that was accounted for by the Company as an operating lease as of the Initial Closing Date and any similar lease entered into after the Initial Closing Date shall be accounted
for as an operating lease and not a Capitalized Lease Obligation for all purposes under this Agreement. 
 “Cash
Collateralize” shall mean to pledge and deposit with or deliver to the Administrative Agent for deposit into the applicable LC Collateral Account, for the benefit of the Administrative Agent, the applicable Issuing Banks and/or the
applicable Swingline Lenders (as applicable) and the Revolving A Lenders under the applicable Revolving A Subfacility, cash as collateral for the LC Exposure, Obligations in respect of Swingline Loans, or obligations of Revolving A Lenders to fund
participations in respect of either thereof (as the context may require), in each case under the applicable Revolving A Subfacility, 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
Dominion Period” shall mean each period beginning on a date when (a) an Event of Default has occurred and is continuing or (b) Total Excess Availability shall have been less than the greater of (i) 10% of the Line Cap and (ii)
$100,000,000, and ending on such date as no Event of Default shall exist and, for a period of 30 consecutive calendar days, Total Excess Availability shall have been at least equal to the greater of (i) 10% of the Line Cap and (ii)
$100,000,000. 
 “Cash Equivalents” shall mean: 

(a) (i) Dollars, Canadian Dollars, Euros, Pounds Sterling, yen or any national currency of any participating member state
of the European Union or (ii) such local currencies held by a Foreign Subsidiary from time to time in the ordinary course of business; 

(b) securities issued or directly and fully and unconditionally guaranteed or insured by the U.S. government or any agency or
instrumentality thereof the securities of which are unconditionally guaranteed as a full faith and credit obligation of such government with maturities of 24 months or less from the date of acquisition; 

(c) (i) certificates of deposit, guaranteed investment certificates, time deposits and eurodollar time deposits with
maturities of 24 months or less from the date of acquisition, (ii) demand deposits, bankers’ acceptances with maturities not exceeding one year and (iii) overnight bank deposits, in each case under this clause (c) with any Lender
or any other domestic or foreign commercial bank having capital and surplus of not less than $250,000,000 in the case of U.S. banks and $100,000,000 (or the U.S. dollar equivalent as of the date of determination) in the case of non-U.S. banks; 

  
 23 

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

(e) commercial paper and variable or fixed rate notes rated at least “P-2” by
Moody’s or at least “A-2” by S&P (or, if at any time neither Moody’s nor S&P shall be rating such obligations, an equivalent rating from another rating agency) and in each case
maturing within 24 months after the date of acquisition thereof and Indebtedness issued by Persons with a rating of “A” or higher from S&P or “A-2” or higher from Moody’s with
maturities of 24 months or less from the date of acquisition; 
 (f) marketable short-term money market and similar funds
having a rating of at least “P-2” or “A-2” from either Moody’s or S&P, respectively (or, if at any time neither Moody’s nor S&P
shall be rating such obligations, an equivalent rating from another rating agency); 
 (g) readily marketable direct
obligations issued by any state, commonwealth or territory of the United States or any political subdivision or taxing authority thereof having an Investment Grade Rating from either Moody’s or S&P (or, if at any time neither Moody’s
nor S&P shall be rating such obligations, an equivalent rating from another rating agency) with maturities of 24 months or less from the date of acquisition; 

(h) readily marketable direct obligations issued by any foreign government or any political subdivision or public
instrumentality thereof, in each case having an Investment Grade Rating from either Moody’s or S&P (or, if at any time neither Moody’s nor S&P shall be rating such obligations, an equivalent rating from another rating agency) with
maturities of 24 months or less from the date of acquisition; 
 (i) Investments with average maturities of 24 months or less
from the date of acquisition in money market funds rated “AAA-” (or the equivalent thereof) or better by S&P or “Aaa3” (or the equivalent thereof) or better by Moody’s (or, if at
any time neither Moody’s nor S&P shall be rating such obligations, an equivalent rating from another rating agency); 

(j) securities with maturities of 12 months or less from the date of acquisition backed by standby letters of credit issued by
any financial institution or recognized securities dealer meeting the qualifications specified in clause (c) above; and 

(k) investment funds investing at least 90% of their assets in securities of the types described in clauses (a) through
(j) above. 
 In the case of Investments made by a Foreign Subsidiary (or temporarily held by the Company or the Restricted Subsidiaries as
part of their cash management arrangements with a Foreign Subsidiary in the ordinary course of business or consistent with past practice) in a country outside the United States, Cash Equivalents shall also include (A) investments of the type
and maturity described in clauses (a) through (g) and clauses (i), (j) and (k) above of foreign obligors, which Investments or obligors (or the parents of such obligors) have ratings described in such clauses or equivalent ratings from
comparable foreign rating agencies and (B) other short-term investments utilized by Foreign Subsidiaries that are Restricted Subsidiaries in accordance with normal investment practices for cash management in investments analogous to the
foregoing investments in clauses (a) through (k) of this definition. 

  
 24 

 Notwithstanding the foregoing, Cash Equivalents shall include amounts denominated in currencies
other than those set forth in clauses (a) and (b) above, provided that such amounts are converted into any currency listed in clauses (a) and (b) as promptly as practicable and in any event within ten Business Days following the
receipt of such amounts. 
 For the avoidance of doubt, any items identified as Cash Equivalents under this definition will be deemed to be
Cash Equivalents for all purposes under this Agreement regardless of the treatment of such items under GAAP. 
 “Cash Management
Agreement” shall mean any agreement entered into from time to time by the Company or any of the Company’s Restricted Subsidiaries in connection with cash management services for collections, other Cash Management Services and for
operating, payroll and trust accounts of such Person, including automatic clearing house services, controlled disbursement services, electronic funds transfer services, information reporting services, lockbox services, stop payment services and wire
transfer services. 
 “Cash Management Bank” shall mean any Lender, any Agent or any Affiliate or branch of the foregoing
at the time it provides any Cash Management Services or any Person that shall have become a Lender, an Agent or an Affiliate or branch of a Lender or an Agent at any time after it has provided any Cash Management Services (including if such Cash
Management Services were provided on the applicable Closing Date, the applicable Closing Date). 
 “Cash Management
Obligations” shall mean obligations owed by the Company or any Subsidiary to any Cash Management Bank in respect of Cash Management Services. 

“Cash Management Services” shall mean (a) commercial credit cards, merchant card services, purchase or debit cards,
including non-card e-payables services, (b) treasury management services (including controlled disbursement, overdraft ACH fund transfer services, return items and
interstate depository network services) and (c) any other demand deposit or operating account relationships or other cash management services, including any Cash Management Agreements. 

“Casualty Event” shall mean any event that gives rise to the receipt by the Company or any Restricted Subsidiary of any
insurance proceeds or condemnation awards in respect of any equipment, fixed assets or real property (including any improvements thereon) to replace or repair such equipment, fixed assets or real property. 

“CCAA” shall mean the Companies’ Creditors Arrangement Act (Canada), as amended. 

“CERCLA” shall mean the Comprehensive Environmental Response, Compensation, and Liability Act of 1980, as the same has been
amended and may hereafter be amended from time to time, 42 U.S.C. § 9601 et seq. 

  
 25 

 “CFC” shall mean a “controlled foreign corporation” within the meaning
of Section 957 of the Code that is a direct or indirect Subsidiary of the Company. 
 “Change of Control” means, with
respect to any Person, an event or series of events by which: 
 (a) any “person” or “group” (as such
terms are used in Sections 13(d) and 14(d) of the Exchange Act, 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 Exchange Act, 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), directly or
indirectly, of 33% or more of the equity securities of such Person entitled to vote for members of the Board of Directors or equivalent governing body of such Person on a partially-diluted basis (i.e., taking into account all such securities
that such person or group has the right to acquire pursuant to any option right); or 
 (b) during any period of
12 consecutive months, a majority of the members of the Board of Directors of such Person 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. 
 “Class” (a) when used with respect to
Lenders, shall refer to Lenders having a Loan, Protective Advances or Commitment with respect to a particular Revolving A Subfacility or the Revolving B Facility, (b) when used with respect to Commitments, shall refer to Commitments under a
particular Revolving A Subfacility or the Revolving B Facility, and (c) when used with respect to Loans or a Borrowing, shall refer to whether such Loans, or the Loans comprising such Borrowing, are made under a particular Revolving A
Subfacility or the Revolving B Facility. 
 “Closing Date” shall mean the Initial Closing Date, the Australian Closing
Date, the European (GNU) Closing Date, the French Closing Date or Spanish Closing Date, as applicable. 
 “Code” shall mean
the Internal Revenue Code of 1986, as amended from time to time. 
 “Co-Documentation
Agents” shall mean HSBC Bank USA, National Association, Mizuho Bank, Ltd., MUFG Union Bank, N.A. and Royal Bank of Canada, in their respective capacities as co-documentation agents, as applicable,
under this Agreement. 

  
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 “Collateral” shall mean (a) the “Collateral” as defined in the
Security Agreements, (b) all the “Collateral”, “Pledged Assets” or “Security Assets” (or similar term) as defined in any other Security Documents, (c) solely in the case of the Revolving B Loans, Mortgaged
Property, Eligible U.S. Intellectual Property and Equity Interests of any Credit Party (other than the Company) described in clause (c)(i) of the definition of the term “Collateral and Guarantee Requirement” (in each case other than
Excluded Assets) and (d) any other assets pledged or in which a Lien is granted, in each case, pursuant to any Security Document or is required to be granted in accordance with the Collateral and Guarantee Requirement. 

“Collateral Access Agreement” shall mean any landlord waiver, bailee letter or other agreement, in form and substance
reasonably satisfactory to the Administrative Agent, between the Collateral Agent or Australian Security Trustee and any third party (including any landlord, bailee, consignee, customs broker or other similar Person) in possession of any Collateral
or any landlord for any Real Property of any Revolving Borrower where any Collateral is located. 
 “Collateral Agent”
shall mean BANA, as collateral agent, and shall include any permitted successors and permitted assigns. 
 “Collateral and Guarantee
Requirement” shall mean, at any time, the requirement that: 
 (a) the Collateral Agent or Australian Security
Trustee, as applicable, shall have received each Security Document required to be delivered on the applicable Closing Date pursuant to Section 5 or, after the applicable Closing Date, pursuant to
Section 8.15 or Section 8.16 at the time required by such section to be delivered in each case, duly executed by each Credit Party which is required to be a party thereto pursuant to the applicable
section; 
 (b) (i) all Obligations shall have been guaranteed pursuant to a Guarantee by (A) on the Initial
Closing Date, each U.S. Credit Party that executes this Agreement on the Initial Closing Date; and (B) after the Initial Closing Date, each additional Subsidiary that is required pursuant to Section 8.15,
Section 8.16 or Section 8.19 to become a U.S. Credit Party, (ii) all Foreign Obligations shall have been guaranteed pursuant to a Guarantee by (A) on the applicable Closing Date, each
Foreign Credit Party that executes this Agreement on the applicable Closing Date; and (B) after the applicable Closing Date, each additional Subsidiary that is required pursuant to Section 8.15,
Section 8.16 or Section 8.19 to become a Foreign Credit Party or FSHCO Guarantor in each case under this clause (b) excluding any Credit Party that has been released from its obligations as a
U.S. Credit Party or Foreign Credit Party or FSHCO Guarantor, as applicable, pursuant to this Agreement; 
 (c) except to the
extent otherwise provided hereunder or under any Security Document, the Obligations and the Guarantees with respect to Revolving B Loans shall have been secured pursuant to the Security Documents by a perfected security interest in, and pledges (as
applicable) on, (i) all Equity Interests (other than Excluded Assets) of (A) the Persons set forth on Schedule 1.01H as of the Initial Closing Date and (B) each U.S. Credit Party from time to time, in each
case under clauses (A) and (B), to the extent owned directly by a U.S. Credit Party (and, in each case, if any such Equity Interests are certificated securities, the Collateral Agent or Australian Security Trustee, as applicable, shall have
received certificates or other instruments representing all such Equity Interests 

  
 27 

 
(if any), together with undated stock powers or other instruments of transfer with respect thereto endorsed in blank, if applicable), (ii) the Eligible U.S. Intellectual Property, and
(iii) all proceeds and products of the foregoing, in each case, with the priority required by the relevant U.S. Security Documents; 

(d) except to the extent otherwise provided hereunder or under any Security Document and without limiting the immediately
preceding clause (c), the Obligations and the Guarantees shall have been secured pursuant to the Security Documents by a perfected security interest in, and pledges (as applicable) on, (i) the Current Assets (other than Excluded Assets) of
each Credit Party and (ii) all proceeds and products of the foregoing, in each case, with the priority required by the relevant Security Documents; 

(e) none of the Collateral shall be subject to any Liens other than Liens permitted by Section 9.01;

 (f) the Collateral Agent shall have received (i) counterparts of a Mortgage with respect to each parcel of Eligible
U.S. Real Estate duly executed and delivered by the record owner of such property and (ii) each other Related Real Estate Document with respect to each parcel of Eligible U.S. Real Estate; and 

(g) (i) except with respect to intercompany Indebtedness, if any, if Indebtedness for borrowed money that is Collateral
and is in a principal amount in excess of $2,500,000 (individually) is owing to any Credit Party and such Indebtedness is evidenced by a promissory note, the Collateral Agent shall have received such promissory note, together with undated
instruments of transfer with respect thereto endorsed in blank and (ii) with respect to intercompany Indebtedness, all Indebtedness of any Credit Party (or Person required to become a Credit Party) that is owing to the Company or any Restricted
Subsidiary shall be subject to the Intercompany Subordination Agreement, and the Collateral Agent shall have received such Intercompany Subordination Agreement duly executed by the Company and each such Restricted Subsidiary; 

The foregoing definition shall not require the creation or perfection of pledges of, or security interests in, or the obtaining of title
insurance or surveys with respect to, particular assets if and for so long as the Administrative Agent and the Company agree in writing that the cost of creating or perfecting such pledges or security interests in such assets or obtaining title
insurance or surveys in respect of such assets shall be excessive in view of the benefits to be obtained by the Secured Creditors therefrom. 

The Administrative Agent and the Collateral Agent may grant extensions of time for the provision or perfection of security interests in, or
the obtaining of title insurance and surveys with respect to, particular assets (including extensions beyond the applicable Closing Date for the perfection of security interests in the assets of the Credit Parties on such date) where the
Administrative Agent reasonably determines, in consultation with the Company, that provision or perfection cannot be accomplished without undue effort or expense by the time or times at which it would otherwise be required by this Agreement or the
Security Documents. 

  
 28 

 Notwithstanding the foregoing provisions of this definition or anything in this Agreement or any
other Credit Document to the contrary (but without limiting (x) any requirement to take any Additional Account Security Action set forth in the definition of the term “Eligible Account” solely for the purpose of determining the
eligibility of Accounts originated by any Credit Party that are owed from Account Debtors located in any Account Debtor Approved Country (other than the United States or Canada) for inclusion in the applicable Borrowing Base or (y) any
requirement to take any Additional Inventory Security Action set forth in the definition of the term “Eligible Inventory” solely for the purpose of determining the eligibility of any Inventory owned by a Dutch Borrower and located in the
United Kingdom or France for inclusion in the European (GNU) Borrowing Base), (a) with respect to leases of Real Property entered into by any Credit Party, such Credit Party shall not be required to take any action with respect to creation or
perfection of security interests with respect to such leases, (b) Liens required to be granted from time to time pursuant to the Collateral and Guarantee Requirement shall be subject to exceptions and limitations set forth in the this
Agreement, the Security Documents and, to the extent appropriate in the applicable jurisdiction, as agreed between the Administrative Agent, the Collateral Agent and the Company, (c) the Collateral and Guarantee Requirement shall not apply to
any Excluded Assets, (d) control agreements shall not be required with respect to any Excluded Accounts, (e) promissory notes evidencing Indebtedness for borrowed money in a principal amount less than or equal to $2,500,000 (individually)
owing to any Credit Party shall not be required to be delivered, (f) except with respect to any Additional Account Security Actions, no actions shall be required to be taken outside the United States, Canada, France, the Netherlands, the United
Kingdom, Germany, Spain and Australia to (i) create a security interest in assets titled or located outside of the United States, Canada, France, the Netherlands, the United Kingdom, Germany, Spain and Australia or (ii) perfect or make
enforceable any security interest in any such assets and (g) the parties hereto agree that any Additional Account Security Action or Additional Inventory Security Action shall not be a part of the Collateral and Guarantee Requirements, but
rather shall only affect eligibility of Accounts or Inventory, as applicable. 
 “Collection Accounts” shall mean,
collectively, the U.S. Collection Accounts, the Canadian Collection Accounts and the “Collection Accounts” set forth in the Collection Account Addenda. 

“Collection Account Addendum” shall mean one or more addenda to this Agreement executed by Administrative Agent and the
applicable Borrower. 
 “Commitment” shall mean, with respect to any Lender, such Lender’s Revolving Commitment, LC
Commitment, Swingline Commitment or Extended Revolving A Commitment. 
 “Commitment Adjustment Date” shall have the meaning
provided in Section 2.20(a). 
 “Commitment Schedule” shall mean (a) with respect to
Revolving A Commitments, Schedule 2.01A, as adjusted on the Australian Closing Date, French Closing Date, the Spanish Closing Date and the European (GNU) Closing Date in accordance with
Schedule 2.01B, and (b) with respect to Revolving B Commitments, Schedule 2.01C. 

  
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 “Commodity Exchange Act” shall mean the Commodity Exchange Act (7 U.S.C. §
1 et seq.), as amended from time to time, and any successor statute. 
 “Company” shall have the meaning provided in
the preamble hereto and shall include, if applicable, any Successor Company. 
 “Competitor” shall mean any entity
identified by name as a “Competitor” by the Company to the Administrative Agent (a) in writing on or prior to the Initial Closing Date and (b) following the Initial Closing Date with the consent of the Administrative Agent in its
sole discretion, or, in each case, any other entity identifiable as an Affiliate thereof by name; provided, that so long as no Event of Default has occurred or is continuing, the consent of the Administrative Agent shall not be required for
the addition of Competitors; provided, further, that the Administrative Agent shall provide the list of Competitors, if any, to any Lender upon request. 

“Compliance Certificate” shall mean a certificate of the Responsible Officer of the Company substantially in the form of
Exhibit G hereto or such other form as may be reasonably satisfactory to the Administrative Agent. 
 “Connection Income
Taxes” means Other Connection Taxes that are imposed on or measured by net income (however denominated) or that are franchise Taxes or branch profits Taxes. 

“Consolidated Cash Interest Expense” shall mean, with respect to any period, Consolidated Interest Expense during such period
but calculated excluding (a) any non-cash interest or deferred financing costs, (b) any amortization or write-down of deferred financing fees, debt issuance costs including original issue discount,
discounted liabilities, commissions, fees and expenses, (c) any expensing of bridge, commitment and other financing fees, (d) penalties and interest related to Taxes, but including any cash costs otherwise excluded by the definition
thereof, (e) any capitalized interest or payment in kind interest and (f) any other non-cash interest charges. 

“Consolidated EBITDA” means, for any period, for the Company and its Restricted Subsidiaries on a consolidated basis, an
amount equal to (a) Consolidated Net Income for such period before (i) special items, (ii) minority interest and (iii) gains on reacquisition of debt, in each case for such period, plus (b) to the extent deducted in
determining Consolidated Net Income, (i) income taxes accrued for such period, plus (ii) interest accrued for such period, excluding capitalized interest and without regard to interest income, plus (iii) depreciation and
amortization for such period, plus (iv) non-cash share based compensation expense and other non-cash charges for such period, plus (v) other
extraordinary, unusual, non-recurring or one-time cash expenses, losses and charges, including restructuring, merger and integration charges, for such period not to
exceed an aggregate amount equal to $275,000,000 from October 1, 2017 through the end of the term of this Agreement; plus (c) the amount of run rate savings to be received in connection with restructurings and other transactions
undertaken by the Company and its Restricted Subsidiaries during such period or prior to such period, such run rate savings (i) to be limited to a period of 24 months following the consummation of the related restructuring or other
applicable transaction and (ii) not to exceed, for any Test Period, 20% of Consolidated 

  
 30 

 
EBITDA, so long as, in the case of this clause (c), the Global Administrative Agent shall have received, together with delivery of the related Section 8.01 Financials, a certificate of
a Responsible Officer of the Company certifying compliance with the preceding clauses (i) and (ii) and demonstrating (in reasonable detail) the calculations required thereby. Notwithstanding the forgoing, the parties hereto agree that the
Consolidated EBITDA for the fiscal quarter ending on (I) March 31 2017 shall be $(43,419,000); (II) June 30, 2017 shall be $43,430,000; and (II) September 30, 2017 shall be $288,782,000. 

“Consolidated Fixed Charge Coverage Ratio” shall mean, as of any date of determination, the ratio of (a) Consolidated
EBITDA for the Company and its Restricted Subsidiaries for the Test Period most recently completed on or prior to such date of determination minus the sum of (i) the aggregate amount of all Capital Expenditures made by the Company and
its Restricted Subsidiaries during such Test Period (other than Capital Expenditures to the extent financed with net cash proceeds received by the Company or any of its Restricted Subsidiaries from the issuance of Equity Interests or the incurrence
of long-term Indebtedness (only so long as such Capital Expenditures are made within 90 days after the receipt of such net cash proceeds from such issuance or incurrence), but including Capital Expenditures to the extent financed with proceeds of
Loans) plus (ii) the amount of all cash payments made during such Test Period made by Company and its Restricted Subsidiaries in respect of income taxes (net of cash income tax refunds received during such Test Period) (excluding such
cash payments related to Dispositions not in the ordinary course of business) plus (iii) the aggregate amount of all Restricted Payments paid in cash by the Company during such Test Period (other than Restricted Payments permitted under
Sections 9.03(a)(iv) and 9.03(a)(v)); provided, that, in the case of Restricted Payments constituting cash dividends paid by the Company to the holders of its Equity Interests during such Test Period, if the per-share payment rate for such cash dividends was partially reduced or reduced to zero by the Company during such Test Period, then, for purposes of the determination of Consolidated Fixed Charge Coverage Ratio for
such Test Period, such cash dividends shall only be included in this clause (iii) at the per-share payment rate applicable to Equity Interests of the Company on the last day of such Test Period, to
(b) Consolidated Fixed Charges for such Test Period. Notwithstanding the forgoing, for the purposes of calculating the Consolidated Fixed Charge Coverage Ratio for any Test Period, Capital Expenditures in an aggregate amount up to but not
exceeding $40,000,000 shall be excluded to the extent such Capital Expenditures were made on or before December 31, 2017 in connection with the American Girl Place, New York City, store opening and Mattel’s demand planning solution
(including hardware and software and other system expenses) in 2017. 
 “Consolidated Fixed Charges” shall mean, as of any
date of determination, the sum determined on a consolidated basis of (a) Consolidated Cash Interest Expense of the Company and its Restricted Subsidiaries for the Test Period most recently completed on or prior to such date of determination
plus (b) the scheduled principal payments made during such Test Period on all Indebtedness for borrowed money (excluding (i) in the case of any Senior Unsecured Note Indenture, any balloon payments and payments at maturity to the
extent funded with (A) proceeds of any Permitted Refinancing of such Indebtedness or (B) net cash proceeds received by the Company or any of its Restricted Subsidiaries from the issuance of Equity Interests, the incurrence of other
long-term Indebtedness or the Disposition of assets, in each case to the extent permitted under this Agreement and so long as such net cash proceeds are 

  
 31 

 
applied to such prepayment within 90 days after receipt thereof and (ii) any payment of principal at maturity and termination of any working capital credit facilities extended to any
Foreign Subsidiaries of the Company which are not Credit Parties) and Capital Lease Obligations of the Company and its Restricted Subsidiaries due and payable in cash during such Test Period. 

“Consolidated Interest Expense” shall mean, with respect to any Person for any period, without duplication, the sum of: 

(a) consolidated interest expense in respect of Indebtedness of such Person and its Restricted Subsidiaries for such period, to
the extent such expense was deducted (and not added back) in computing Consolidated Net Income (including (i) amortization of original issue discount resulting from the issuance of Indebtedness at less than par, (ii) all commissions,
discounts and other fees and charges owed with respect to letters of credit or bankers acceptances, (iii) non-cash interest charges (but excluding any non-cash
interest expense attributable to the movement in the mark to market valuation of Hedging Obligations or other derivative instruments pursuant to GAAP), (iv) the interest component of Capitalized Lease Obligations, (v) net payments, if any, made
(less net payments, if any, received), pursuant to interest rate Hedging Agreements with respect to Indebtedness, and excluding (A) any expense resulting from the discounting of any Indebtedness in connection with the application of
recapitalization accounting or, if applicable, purchase accounting in connection with any acquisition, (B) penalties and interest relating to taxes, (C) any “additional interest” or “liquidated damages” with respect to
other securities for failure to timely comply with registration rights obligations, (D) amortization of deferred financing fees, debt issuance costs, commissions, fees and expenses and discounted liabilities and (E) any accretion of
accrued interest on discounted liabilities); plus 
 (b) consolidated capitalized interest of such Person and its
Restricted Subsidiaries for such period, whether paid or accrued; less 
 (c) interest income of such Person and its
Restricted Subsidiaries for such period. 
 For purposes of this definition, interest on a Capitalized Lease Obligation shall be deemed to
accrue at an interest rate reasonably determined by such Person to be the rate of interest implicit in such Capitalized Lease Obligation in accordance with GAAP. 

“Consolidated Net Income” for any period, means the net income (or loss) of the Company and its Restricted Subsidiaries on a
consolidated basis for such period taken as a single accounting period determined in conformity with GAAP. 
 “Consolidated Net
Leverage Ratio” shall mean, as of any date of determination, the ratio of (a) the balance sheet amount of all Indebtedness of the Company and the Restricted Subsidiaries (in each case other than Indebtedness under clause (j) of
the definition of Indebtedness) as of the last day of the Test Period most recently completed on or prior to such date of determination minus Cash Equivalents (in each case, free and clear of all Liens, other than Permitted Liens) included on
the consolidated balance sheet of the Company as of the end of such Test Period to (b) Consolidated EBITDA of the Company and the Restricted Subsidiaries for such Test Period. 

  
 32 

 “Consolidated Total Assets” shall mean, as at any date of determination, the
total assets of the Company and the Restricted Subsidiaries determined on a consolidated basis in accordance with GAAP, as shown on the most recent balance sheet of the Company or such other Person as of the last day of the Test Period most recently
completed on or prior to such date of determination. 
 “Contingent Obligation” shall mean, with respect to any Person, any
obligation of such Person guaranteeing any leases, dividends or other obligations that do not constitute Indebtedness (“primary obligations”) of any other Person (the “primary obligor”) in any manner, whether
directly or indirectly, including, without limitation, any obligation of such Person, whether or not contingent: (a) to purchase any such primary obligation or any property constituting direct or indirect security therefor; (b) to advance
or supply funds (i) for the purchase or payment of any such primary obligation or (ii) to maintain working capital or equity capital of the primary obligor or otherwise to maintain the net worth or solvency of the primary obligor; or
(c) to purchase property, securities or services primarily for the purpose of assuring the owner of any such primary obligation of the ability of the primary obligor to make payment of such primary obligation against loss in respect thereof.
The amount of any Contingent Obligation shall be deemed to be an amount equal to the stated or determinable amount of the primary obligation in respect of which such Contingent Obligation is made or, if not stated or determinable, the maximum
reasonably anticipated liability in respect thereof (assuming such Person is required to perform thereunder) as determined by such Person in good faith. 

“Contractual Obligation” shall mean an obligation under any Contractual Requirement. 

“Contractual Requirement” shall have the meaning provided in Section 7.03. 

“Contribution Notice” means a contribution notice issued by the Pensions Regulator under section 38 or section 47 of the
Pensions Act 2004. 
 “Corrective Extension Amendment” shall have the meaning provided in
Section 2.19(e). 
 “Cost” shall mean, with respect to any Inventory, the cost of purchase of
such Inventory determined according to accounting policies used in the preparation of the Company’s Section 8.01 Financials and valued on a first in, first out basis. 

“Co-Syndication Agents” shall mean Citibank, N.A. and Wells Fargo Bank, N.A., in
their respective capacities as co-syndication agents, as applicable, under this Agreement. 

“Credit Documents” shall mean this Agreement and, after the execution and delivery thereof pursuant to the terms of this
Agreement, the Australian Security Trust Deed, each Note, each Security Document, each TEG Letter, each intercreditor agreement contemplated by this Agreement (including each Acceptable Intercreditor Agreement) for and in favor of the Secured
Creditors, each Incremental Revolving A Commitment Agreement and each Extension Amendment. 

  
 33 

 “Credit Event” shall mean the making of any Loan, including any Swingline Loan.

 “Credit Extension” shall mean, as the context may require, (a) a Credit Event or (b) an LC Credit Extension;
provided that “Credit Extensions” shall not include conversions and continuations of outstanding Loans or reimbursement obligations with respect to draws of Letters of Credit with the proceeds of Revolving Loans. 

“Credit Parties” shall mean the U.S. Credit Parties, the Canadian Credit Parties, the French Credit Parties, the Spanish
Credit Parties, the European (GNU) Credit Parties and the Australian Credit Parties, as the context requires. 
 “Credit Party
Guarantees” shall mean the U.S. Credit Party Guarantee and the Foreign Credit Party Guarantee, as the context requires. 

“CRR” shall mean (a) Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on
prudential requirements for credit institutions and investment firms and (b) Directive 2013/36/EU of the European Parliament and of the Council of 26 June 2013 on access to the activity of credit institutions and the prudential supervision
of credit institutions and investment firms. 
 “CTA” shall mean the Corporation Tax Act 2009. 

“Current Assets” shall mean any existing and future (a) Accounts and Inventory, (b) to the extent relating to the
foregoing, Chattel Paper (including Electronic Chattel Paper and Tangible Chattel Paper), Documents, General Intangibles, Instruments, Letter-of-Credit Rights and
Supporting Obligations, and (c) Deposit Accounts and Securities Accounts, and, in each case, proceeds thereof, including, where applicable, fixed charges over and/or assignments of Accounts and Deposit Accounts, in each case, to the extent, and
solely to the extent that they are “Current Assets” (as defined in the Senior Unsecured 2010 Note Indenture). 
 “Debtor
Relief Laws” shall mean the Bankruptcy Code, the BIA, the CCAA, the WURA, the provision of Livre VI and other relevant provisions related thereto in the French Code de Commerce and any other administration, liquidation,
conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief laws of the United States, Canada, France, the Netherlands, the United Kingdom,
Germany, Spain or Australia (including under the Bankruptcy Act 1966 (Cth) and the Australian Corporations Act) or other applicable jurisdictions from time to time in effect and affecting the rights of creditors generally. 

“Debt to be Repaid” shall mean the Indebtedness set forth on Schedule 1.01E. 

“Default” shall mean any event, act or condition which with notice or lapse of time, or both, would constitute an Event of
Default. 
 “Defaulting Lender” shall mean any Lender that (a) has failed to comply with its funding obligations
hereunder, and such failure is not cured within two Business Days, unless such Lender notifies the Administrative Agent and the Company in writing that such failure is the result of such Lender’s good faith determination that one or more
conditions precedent to 

  
 34 

 
funding (each of which conditions precedent, together with any applicable default, shall be specifically identified in such writing) has not been satisfied; (b) has notified the
Administrative Agent or any Borrower in writing that such Lender does not intend to comply with its funding obligations hereunder or under any other credit facility, or has made a public statement to that effect (unless such writing or public
statement relates to such Lender’s obligation to fund a Loan hereunder and states that such position is based on such Lender’s good faith determination that a condition precedent to funding (which condition precedent, together with any
applicable default, shall be specifically identified in such writing or public statement) cannot be satisfied); (c) has failed, within three Business Days following request by the Administrative Agent or any Borrower, to confirm in a manner
reasonably satisfactory to the Administrative Agent and the Company that such Lender will comply with its funding obligations hereunder (provided that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon receipt of
such written confirmation by the Administrative Agent and the Company); or (d) has, or has a direct or indirect parent company that has, (i) become the subject of an insolvency proceeding, (ii) had appointed for it a receiver,
custodian, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its business or assets, including the Federal Deposit Insurance Corporation or any other state,
provincial, federal or foreign regulatory authority acting in such a capacity, or (iii) become the subject of a Bail-In Action; provided, however, that a Lender shall not be a Defaulting
Lender solely by virtue of a Governmental Authority’s ownership of an Equity Interest in such Lender or parent company unless the ownership provides immunity for such Lender from jurisdiction of courts within the United States or from
enforcement of judgments or writs of attachment on its assets, or permits such Lender or Governmental Authority to repudiate or otherwise to reject such Lender’s agreements. 

“Deposit Account Control Agreement” shall mean (a) in the case of any U.S. Credit Party a Deposit Account control
agreement which provides the Administrative Agent with the right to direct control of the applicable Deposit Account during a Cash Dominion Period, (b) in the case of any Australian Credit Party, an ADI Account Control Deed which provides the
Administrative Agent with the right to direct control of the applicable Deposit Account at all times, (c) in the case of any French Credit Party, an agreement which provides the Administrative Agent with the right to direct control of the
applicable Deposit Account at all times, (d) in the case of any Spanish Credit Party, an agreement which provides the Administrative Agent with the right to direct control of the applicable Deposit Account at all times, (e) in the case of
any U.K. Credit Party, an agreement which provides the Administrative Agent with the right to direct control of the applicable Deposit Account at all times, and (f) in the case of any other Credit Party, an agreement which provides the
Administrative Agent with the right to direct control of the applicable Deposit Account during a Cash Dominion Period, in each case, to be executed by each institution maintaining a Deposit Account (other than an Excluded Account) for a Borrower or
any other Credit Party, in each case as required by, and in accordance with the terms of, Section 8.20 and in form and substance reasonably satisfactory to the Administrative Agent. 

“Designated Jurisdiction” shall mean any country or territory to the extent that such country or territory itself is the
subject of comprehensive country-or territory-wide Sanctions. 

  
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 “Dilution Factors” shall mean, without duplication, with respect to any period,
the aggregate amount of all bad debt write-downs, discounts, credits, returns, rebates, and other dilutive items. 
 “Dilution
Ratio” shall mean, at any date, as to the Accounts owned by any Person, the amount (expressed as a percentage) that is the result of dividing (a) the Dollar Equivalent of the applicable Dilution Factors for the twelve most recently
ended fiscal months with respect to such Person’s Accounts, by (b) the Dollar Equivalent of such Person’s total gross sales with respect to their Accounts for the twelve most recently ended fiscal months. 

“Dilution Reserve” shall mean, (a) in the case of the Canadian Borrowing Base, the Canadian Dilution Reserve,
(b) in the case of the U.S. Revolving A Borrowing Base, the U.S. Dilution Reserve, (c) in the case of the French Borrowing Base, the French Dilution Reserve, (d) in the case of the European (GNU) Borrowing Base, the European (GNU)
Dilution Reserve, (e) in the case of the U.K. Borrowing Base, the U.K. Dilution Reserve, (f) in the case of the German Borrowing Base, the German Dilution Reserve, (g) in the case of the Spanish Borrowing Base, the Spanish Dilution
Reserve and (h) in the case of the Australian Borrowing Base, the Australian Dilution Reserve. 
 “Disposition” or
“Dispose” means the sale, transfer, license, lease or other disposition (including any sale and leaseback transaction or the issuance or sale of Equity Interests of any Restricted Subsidiary) of any property by any Person, including
any sale, assignment, transfer or other disposal, with or without recourse, of any notes or accounts receivable or any rights and claims associated therewith. 

“Disqualified Stock” shall mean, with respect to any Person, any Capital Stock of such Person which, by its terms, or by the
terms of any security into which it is convertible or for which it is puttable or exchangeable, or upon the happening of any event, matures or is mandatorily redeemable (other than solely as a result of a change of control or asset sale) pursuant to
a sinking fund obligation or otherwise, or is redeemable at the option of the holder thereof (other than solely as a result of a change of control or asset sale), in whole or in part, in each case prior to the date 91 days after the Latest
Maturity Date (determined at the time of issuance of such Capital Stock); provided, that if such Capital Stock is issued to any plan for the benefit of employees of the Company or its Subsidiaries or by any such plan to such employees, such
Capital Stock shall not constitute Disqualified Stock solely because it may be required to be repurchased by the Company or its Subsidiaries in order to satisfy applicable statutory or regulatory obligations; provided, further, that
any Capital Stock held by any future, current or former employee, director, officer, manager or consultant of the Company, any of its Subsidiaries, or any other entity in which the Company or a Restricted Subsidiary has an Investment and is
designated in good faith as an “affiliate” by the Board of Directors of the Company (or the compensation committee thereof), in each case pursuant to any stock subscription or shareholders’ agreement, management equity plan or stock
option plan or any other management or employee benefit plan or agreement shall not constitute Disqualified Stock solely because it may be required to be repurchased by the Company or its Subsidiaries or in order to satisfy applicable statutory or
regulatory obligations. 

  
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 “DMLTFPA” shall mean the Dutch Money Laundering and Terrorism Financing
Prevention Act (Wet ter voorkoming van witwassen en financieren van terrorisme). 
 “Dodd-Frank and Basel III” shall
have the meaning provided in Section 3.01(d). 
 “Dollar Equivalent” shall mean, at any time,
(a) with respect to any amount denominated in Dollars, such amount, and (b) with respect to any amount denominated in any other currency, the equivalent amount thereof in Dollars as determined at such time on the basis of the Spot Rate for
the purchase of Dollars with such currency at such time. 
 “Domestic Guaranteed Creditors” shall mean the Guaranteed
Creditors in respect of the Domestic Obligations. 
 “Domestic Obligations” shall mean any Obligations of a U.S. Credit
Party and, in the case of Secured Bank Product Obligations, of a Domestic Subsidiary of a U.S. Credit Party. 
 “Domestic Restricted
Subsidiary” shall mean any Domestic Subsidiary that is a Restricted Subsidiary. 
 “Domestic Subsidiary” shall
mean any Subsidiary of the Company that is (a) organized under the laws of the United States, any state thereof or the District of Columbia and (b) not a FSHCO or a direct or indirect Subsidiary of a CFC or FSHCO. 

“Dutch Borrowers” shall mean the Initial Dutch Borrower and each Dutch Subsidiary of the Company that executes a counterpart
hereto and to any other applicable Credit Document to become a Revolving Borrower, whether on the European (GNU) Closing Date or after the European (GNU) Closing Date in accordance with Section 2.21. 

“Dutch Borrowing Base” shall mean, at the time of any determination, an amount equal to the sum of the Dollar Equivalent,
without duplication, of 
 (a) the lesser of (i) 80% of the Cost of Eligible European (GNU) Inventory at such time and (ii)
85% of the Net Orderly Liquidation Value of Eligible European (GNU) Inventory at such time; plus 
 (b) the lesser of
(i) 80% of the Cost of Eligible In-Transit Inventory owned by the Dutch Borrowers at such time and (ii) 85% of the Net Orderly Liquidation Value of Eligible
In-Transit Inventory owned by the Dutch Borrowers at such time; minus 
 (c)
any Reserves established or modified from time to time by the Administrative Agent in the exercise of its Permitted Discretion in accordance with the provisions of Section 2.22. 

The Dutch Borrowing Base at any time shall be determined by reference to the most recent Borrowing Base Certificate delivered to the Administrative Agent
pursuant to Section 8.20(a), adjusted, in the Administrative Agent’s Permitted Discretion (pending the delivery of a new Borrowing Base Certificate), to reflect the impact of any Significant Disposition (or any event
or circumstance which, pursuant to the eligibility rules set forth in the definitions of Eligible 

  
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Account, Eligible Inventory or Eligible In-Transit Inventory, renders any such Account or Inventory ineligible for inclusion in the Dutch Borrowing Base
after delivery of the most recent Borrowing Base Certificate). The Administrative Agent shall have the right (but no obligation) to review the computations in any Borrowing Base Certificate and if such computations have not been calculated in
accordance with the terms of this Agreement, the Administrative Agent shall have the right, in consultation with the Company, to correct any such errors in such manner as it shall reasonably determine and the Administrative Agent will notify the
Company in writing promptly after making any such correction. 
 “Dutch Credit Party” shall mean each Dutch Borrower and
each Dutch Subsidiary Guarantor. 
 “Dutch Line Cap” shall mean, at any time, an amount that is equal to the lesser of
(a) the Dutch Revolving Commitments and (b) the Dutch Borrowing Base. 
 “Dutch Moveable Assets Pledge” shall
mean the moveable assets pledge governed by Dutch law dated as of the European (GNU) Closing Date by and among the Initial Dutch Borrower and the Collateral Agent. 

“Dutch Pension Regulations” shall mean the Dutch pension act (Pensioenwet). 

“Dutch Priority Payables Reserves” shall mean reserves in respect of claims of the Dutch tax authorities and amounts payable
to or deductible by an insolvency administrator, receiver or other insolvency official in respect of his or her costs or expenses or in respect of amounts ranking as a cost or expense of the bankruptcy or suspension of payments or similar insolvency
process, in each case only to the extent such amounts enjoy priority as a matter of applicable law over the claims of the Secured Creditors. 

“Dutch Restricted Subsidiary” shall mean any Dutch Subsidiary that is a Restricted Subsidiary. 

“Dutch Revolving Commitment” shall mean, with respect to each European (GNU) Revolving Lender, the commitment, if any, of
such Lender to make European (GNU) Revolving Loans hereunder up to the amount set forth and opposite such Lender’s name on the Commitment Schedule under the caption “Dutch Revolving Commitment,” or in the Assignment and Assumption
Agreement pursuant to which such Lender assumed its Dutch Revolving Commitment, as applicable, as the same may be (a) reduced from time to time pursuant to Section 2.07, (b) reduced or increased from time to time
pursuant to Section 2.20 and (c) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 12.04. 

“Dutch Security Agreements” shall mean the Dutch Moveable Assets Pledge and the Dutch Share Pledge. 

“Dutch Security Documents” shall mean the Dutch Security Agreements, and, after the execution and delivery thereof, each
other document, governed by Dutch law, executed and delivered by any Credit Party pursuant to which a Lien is granted in favor of the Collateral Agent to secure the Obligations, each document governed by Dutch law, if any, executed and delivered by
any Credit Party pursuant to the Additional Inventory Security Actions and each document governed by Dutch law, if any, executed and delivered by any Credit Party pursuant to the Additional Account Security Actions. 

  
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 “Dutch Share Pledge” means the share pledge governed by Dutch law dated as of
the Initial Closing Date (subject to Section 8.16) by and among the Company, Mattel International Holdings B.V. and the Collateral Agent. 

“Dutch Subsidiary” shall mean any Subsidiary of the Company incorporated now or hereinafter under the laws of the
Netherlands. 
 “Dutch Subsidiary Guarantor” shall mean each Dutch Restricted Subsidiary (other than any Dutch Borrower)
which is a party to this Agreement on the European (GNU) Closing Date, as well as each Dutch Restricted Subsidiary established, created or acquired after the European (GNU) Closing Date which is required to become a party to this Agreement as a
Guarantor in accordance with the requirements of the Collateral and Guarantee Requirement. 
 “Dutch Works Councils Act”
shall mean the Netherlands Works Councils Act (Wet op de ondernemingsraden). 
 “Dutch Works Councils Act Event”
shall mean any breach of any of the obligations of any Dutch Credit Party arising from, pursuant to or in relation to the provisions of the Dutch Works Councils Act. 

“EEA Financial Institution” shall mean (a) any credit institution or investment firm established in any EEA Member
Country that is subject to the supervision of an EEA Resolution Authority, (b) any Person established in an EEA Member Country that is a parent of an institution described in clause (a) of this definition, or (c) any financial
institution established in an EEA Member Country that is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent; 

“EEA Member Country” shall mean any of the member states of the European Union, Iceland, Liechtenstein, and Norway. 

“EEA Resolution Authority” shall mean any Governmental Authority of any EEA Member Country having responsibility for the
resolution of any EEA Financial Institution. 
 “Electronic Platform” shall have the meaning provided in the definition of
the term “Spot Rate”. 
 “Eligible Account” shall mean, at any time, an Account created by a Revolving Borrower
in the ordinary course of its business, that arises out of its sale of goods (other than promotional products not held for sale) or rendition of services: 

(a) that is subject to a perfected (or the equivalent) first priority Lien in favor of the Collateral Agent or Australian
Security Trustee for the benefit of the Secured Creditors pursuant to the relevant Security Documents; 

  
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 (b) that is not subject to any Lien other than (i) a Lien in favor of the
Collateral Agent or Australian Security Trustee for the benefit of the Secured Creditors pursuant to the relevant Security Documents, and (ii) a Lien (if any) permitted by Section 9.01 which Permitted Lien shall rank
junior in priority to the Lien in favor of the Collateral Agent or Australian Security Trustee for the benefit of the Secured Creditors pursuant to the relevant Security Documents; 

(c) that (i) is evidenced by an invoice which has been sent to the Account Debtor (which may include electronic
transmission) and (ii) does not represent a progress billing, sale on a bill-and-hold, guaranteed sale, sale-and-return, sale on approval, consignment, cash-on-delivery or any other repurchase or return basis; 

(d) the Account Debtor of which is an Eligible Account Debtor and is not an Affiliate of any Borrower; 

(e) that is not owing from an Account Debtor that is an agency, department or instrumentality of the federal government of the
United States, any government of any state thereof, of the federal government of Canada, or the government of any province, territory or subdivision thereof or, to the extent applicable and subject to Requirement of Law having similar effect to the
Assignment of Claims Act of 1940 or the Financial Administration Act (Canada), that is an agency, department or instrumentality of the government of any country other than the United States or Canada unless (A) the applicable Revolving Borrower
shall have satisfied the requirements of (x) the Assignment of Claims Act of 1940 in the case of Accounts owing from any agency, department or instrumentality of the federal government of the United States, (y) the Financial Administration
Act (Canada) in the case of Accounts owing from an agency, department or instrumentality of the federal government of Canada or (z) if applicable, any similar state, provincial, territorial, or subdivision legislation or any similar foreign
legislation, in the case of Accounts owing from any other applicable government agency, department or instrumentality; and, in each such case, the Administrative Agent is satisfied in its Permitted Discretion as to the absence of setoffs,
counterclaims and other defenses on the part of such Account Debtor; 
 (f) that is not subject to any late payment for
longer than 60 days according to its original terms of sale or 90 days (or such longer period as agreed by the Administrative Agent, the Required Revolving A Lenders and the Company for any Account in which the Account Debtor is an Approved Extended
Term Account Debtor) after the date of the original invoice therefor (other than, in the case of Accounts in which the Account Debtor is TRU, past due TRU Pre-Petition Eligible Accounts so long as such
Accounts are paid by TRU according to the payment plan approved by the Company with TRU); 
 (g) that is not the obligation
of an Account Debtor of which 50% or more of the Dollar Equivalent amount of all Accounts owing by such Account Debtor are, based on the most recent Borrowing Base Certificate, ineligible under the immediately preceding clause (f) (without
double-counting of any disputed Accounts); 

  
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 (h) that is not subject to any deduction, offset, counterclaim, defense or
dispute (other than sales discounts given in the ordinary course of the applicable Revolving Borrower’s business and reflected in the amount of such Account as set forth in the invoice or other supporting material therefor); provided,
however, that if an Account satisfies all of the requirements of an Eligible Account other than this clause (h), such Account shall be an Eligible Account, but only to the extent of the amount of such Account that exceeds any such deduction,
offset, counterclaim, defense or dispute or other conditions; provided that, if the Administrative Agent in its Permitted Discretion has established an appropriate Reserve and determines to include such Account as an Eligible Account or such
Account Debtor has entered into an agreement reasonably acceptable to the Administrative Agent to waive such rights, such Account shall be included as an Eligible Account. 

(i) that is denominated and payable only in Dollars, Canadian Dollars, Euros, Pounds Sterling, Australian Dollars, or any other
Alternative Currency approved by the Administrative Agent in its Permitted Discretion; 
 (j) such Account is 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; 

(k) that, together with the contract evidencing such Account, does not contravene in any material respect any Requirement of
Law applicable thereto (including, without limitation, any Requirement of Law relating to usury, consumer protection, truth in lending, fair credit billing, fair credit reporting, equal credit opportunity, fair debt collection practices and privacy)
in a manner that would affect the enforceability of such Account and with respect to which none of the Revolving Borrowers or the Account Debtor is in violation of any such Requirement of Law in any material respect in a manner that would affect the
enforceability of such Account; 
 (l) that does not arise under a contract which restricts in a legally enforceable manner
the ability of the Administrative Agent, Collateral Agent, Australian Security Trustee or Revolving A Lenders to exercise their rights under the Credit Documents, including, without limitation, their right to review the related invoice or the
payment terms of such contract; 
 (m) [reserved]; 

(n) that, when aggregated with all other Accounts of the same Account Debtor, is not in excess of, for an Account in which the
Account Debtor is (i) Wal-Mart Stores Inc. or any of its Affiliates, (x) if the debt rating of Wal-Mart Stores Inc. is investment grade, 60%, and (y) if
the debt rating of Wal-Mart Stores Inc. is below investment grade, 40%; (ii) Target Corporation or any of its Affiliates, 40%; (iii) Amazon Fulfillment Services, Inc. or any of its Affiliates, 30%;
(iv) TRU or any of its Affiliates, the TRU Concentration Limit; and (v) any other Account Debtor, 15%; and provided, that, in any case, the portion of the Accounts not in excess of any such concentration limit shall not be deemed
ineligible due to this clause (n); 

  
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 (o) that is owing by an Account Debtor in the United States, Canada, or in any
other Account Debtor Approved Country in which the Additional Account Security Actions have been satisfied with respect to such Account; 

(p) neither such Account nor any other Account in respect of the same Account Debtor as such Account is subject to or included
as part of an accounts receivable factoring program or supply chain financing program (including any Supplier Financing Transaction); and 

(q) (i) the Account Debtor obligated upon such Account has not notified any Revolving Borrower or the Administrative Agent
that it has suspended business, or made a general assignment for the benefit of creditors or has failed to pay its debts generally as they come due, and (ii) no petition is filed by or against the Account Debtor obligated upon such Account
under any Debtor Relief Law, other than, in each case, so long as such Account is not deemed ineligible due to any clause of this definition other than this clause (q) and subject to the TRU Account Advance Rates, Accounts in which the Account
Debtor is TRU. 
 With respect to any Accounts eligible for inclusion in the Borrowing Base (as reasonably determined by the Company in
consultation with the Administrative Agent) that are acquired by a Revolving Borrower (other than from another Borrower, but including any Accounts of any Person that has become a Revolving Borrower) after the applicable Closing Date in a Permitted
Acquisition or similar Investment, such acquired Accounts may be included in the applicable Borrowing Base only after completion of a Field Examination with respect thereto by the Administrative Agent (unless (x) the Administrative Agent shall
have determined in its Permitted Discretion that no such due diligence investigation with regard to such Accounts is required or (y) such acquired Accounts would not exceed 10% of the Eligible Accounts in the applicable Borrowing Base as of the
date of proposed inclusion) and satisfaction of the Collateral and Guarantee Requirement with respect to the applicable Revolving Borrower or Guarantor and such Accounts. 

“Eligible Account Debtor” shall mean an Account Debtor that: 

(a) has a billing address in an Account Debtor Approved Country; 

(b) is not a Person with respect to which the European Union, the United States, Canada, Australia or any other Account Debtor
Approved Country shall have imposed Sanctions; 
 (c) is not a Person (i) that is listed in the annex to, or otherwise
subject to the provisions of, the Executive Order, (ii) that is owned or controlled by, or acting for or on behalf of, any Person that is listed in the annex to, or is otherwise subject to the provisions of, the Executive Order, (iii) with
which a Revolving A Lender or a Revolving Borrower is prohibited from dealing or otherwise engaging in any transaction by any Anti-Terrorism Law, AML Legislation, the PCMLTFA or the DMLTFPA, (iv) that commits, threatens or conspires to commit
or supports “terrorism” as defined in the Executive Order, or (v) that is named as a “specifically designated national and blocked 

  
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person” on the most current list published by the U.S. Treasury Department Office of Foreign Assets Control at its official website or any replacement website or other replacement official
publication of such list or any similar lists published in the European Union, Canada (that include “designated persons”, “politically exposed foreign person” or “terrorist group” as described in Anti-Terrorism Laws of
Canada, collectively, “Canadian Blocked Persons”) or any other Account Debtor Approved Country; and 
 (d)
is not a Person (i) whose property or interest in property is otherwise blocked or subject to blocking pursuant to Section 1 of the Executive Order or any other Anti-Terrorism Law, or (ii) that engages in any dealings or transactions
prohibited by Section 2 of the Executive Order or any other Anti-Terrorism Law, AML Legislation, the PCMLTFA or the DMLTFPA. 

“Eligible Assignee” shall mean a Person that is (a) a Lender, Affiliate of a Lender or Approved Fund; (b) an
assignee approved by the Company (which approval shall be deemed given if no written objection is made within ten Business Days after written notice of the proposed assignment is received by the Company from the Administrative Agent), the
Administrative Agent, the applicable Swingline Lender and the applicable Issuing Bank (which approval, in each case, shall not be unreasonably withheld, delayed or conditioned); or (c) during an Event of Default under
Sections 10.01(a) or 10.01(e), any Person acceptable to the Administrative Agent, the applicable Swingline Lender and the applicable Issuing Bank (which approval, in each case, shall not be unreasonably withheld,
delayed or conditioned); provided that (i) no Competitor or natural person shall be an Eligible Assignee; (ii) no Person who is not a Non-Public Lender shall be an Eligible Assignee; and
(iii) no Person who the officers of the relevant Lender being an Australian Revolving Lender involved on a day to day basis in the administration of the Transaction know to be an Australian Offshore Associate of the Australian Borrower shall be
an Eligible Assignee. 
 “Eligible Australian Accounts” shall mean the Eligible Accounts owned by the Australian Borrowers.

 “Eligible Australian Inventory” shall mean the Eligible Inventory owned by the Australian Borrowers. 

“Eligible Canadian Accounts” shall mean the Eligible Accounts owned by the Canadian Borrowers. 

“Eligible Canadian Inventory” shall mean the Eligible Inventory owned by the Canadian Borrowers. 

“Eligible European (GNU) Accounts” shall mean the Eligible Accounts owned by the European (GNU) Borrowers. 

“Eligible European (GNU) Inventory” shall mean the Eligible Inventory owned by the Dutch Borrowers. 

  
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 “Eligible Fee-Owned Real Estate” shall
mean Real Property that (a) is owned by a U.S. Revolving Borrower in fee title in the United States, (b) is at all times subject to the Collateral Agent’s duly perfected, first-priority security interest (subject only to Liens
permitted by Section 9.01) pursuant to Mortgages and other Related Real Estate Documents in form and substance reasonably satisfactory to the Administrative Agent and not subject to any other Lien except a Permitted Lien,
(c) conforms in all material respects to the representations and warranties relating to such Real Property set forth in this Agreement and the applicable Mortgage, and (d) is set forth on Schedule 5.15 (it being agreed that the Real
Property set forth on Schedule 5.15 shall be deemed to have been appraised by a third-party appraiser reasonably satisfactory to the Administrative Agent and the Revolving B Lenders not more than three months prior to the Initial Closing
Date). 
 “Eligible French Accounts” shall mean the Eligible Accounts owned by the French Borrowers. 

“Eligible In-Transit Inventory” shall mean Inventory owned by a Canadian Borrower,
Dutch Borrower or U.S. Revolving Borrower (each, a “Specified Borrower”), that, in each case, would meet all of the criteria of “Eligible Inventory” on the relevant date of determination if it were not in transit from any
location to a location of a Specified Borrower within an Inventory Approved Country. Without limiting the foregoing, no Inventory shall be Eligible In-Transit Inventory unless: 

(a) such Inventory is either purchased by Initial Dutch Borrower from Purchasing Agent, or purchased by another Specified Borrower from Initial
Dutch Borrower which, in turn, purchased such Inventory from Purchasing Agent; 
 (b) Initial Dutch Borrower is not in default of any of
its obligations to Purchasing Agent (whether related to such Inventory or otherwise), and either (i) Purchasing Agent does not have any right on such date, under any Requirement of Law or pursuant to any document relating to the sale of such
Inventory, to reclaim, divert the shipment of, reroute, repossess, stop delivery of or otherwise assert any Lien rights or title retention with respect to such Inventory or (ii) Purchasing Agent has expressly waived in writing all such rights
pursuant to an agreement satisfactory to the Administrative Agent in its Permitted Discretion; 
 (c) such Inventory is subject to purchase
orders and other sale documentation satisfactory to the Administrative Agent in its Permitted Discretion, and title and risk of loss to such Inventory have passed (i) from Purchasing Agent to Initial Dutch Borrower at the origination point
and (ii) from Initial Dutch Borrower to another Specified Borrower (A) prior to the In-Transit Eligibility Alternate Condition Date, at any time prior to inclusion of such Inventory as Eligible In-Transit Inventory or Eligible Inventory (as applicable) of such Specified Borrower, and (B) at all times thereafter, on the Specified Transfer Date; 

(d) such Inventory is fully insured in a manner satisfactory to the Administrative Agent in its Permitted Discretion, naming the Administrative
Agent as loss payee; 
 (e) at all times such Inventory is owned by Initial Dutch Borrower, the Administrative Agent has a local law security
interest covering such Inventory from Initial Dutch Borrower in both its jurisdiction of organization and the Inventory Approved Country to which such Inventory is being (or has been) shipped; 

  
 44 

 (f) at all times such Inventory is owned by any other Specified Borrower, the Administrative
Agent has a local law security interest covering such Inventory from such Specified Borrower in both its jurisdiction of organization and the Inventory Approved Country to which such Inventory is being (or has been) shipped; 

(g) such Inventory is shipped by a common carrier that is not affiliated with Purchasing Agent or any Borrower and is not subject to any
Sanction or on any specially designated nationals list maintained by OFAC; 
 (h) such Inventory is subject to a tangible or electronic bill
of lading, waybill or other shipping document while in transit satisfactory to the Administrative Agent in its Permitted Discretion; 
 (i)
the importer of record for such Inventory into the Inventory Approved Country to which such Inventory is being shipped, and the Person that clears such Inventory through customs in such Inventory Approved Country, is (A) at all times other than
during an In-Transit Inventory Trigger Period, a Specified Borrower and (B) during an In-Transit Inventory Trigger Period, Initial Dutch Borrower; 

(j) each of Purchasing Agent and Initial Dutch Borrower has subordinated all obligations owed to it by the applicable Specified Borrower
purchasing such Inventory from it, which subordination shall be on terms and conditions, and subject to documentation, satisfactory to the Administrative Agent in its Permitted Discretion; and 

(k) such Inventory has not been in-transit for more than 60 days. 

The aggregate Eligible In-Transit Inventory (after application of the applicable advance rates) shall not exceed at
any time, in the case of all Revolving Borrowers, (A) prior to the In-Transit Eligibility Alternate Condition Date, an aggregate sublimit (the “In-Transit
Sublimit”) of (x) $50 million for the period commencing December 1 through June 30 of each calendar year and (y) $75 million for the period commencing July 1 through November 30 of each calendar year;
provided, that, during any In-Transit Inventory Trigger Period, the In-Transit Sublimit shall be reduced by 50%, and (B) following the In-Transit Eligibility Alternate Condition Date and at all times thereafter, an aggregate amount of $150,000,000. The Administrative Agent, in its Permitted Discretion, shall have the ability to establish Reserves
for landing costs if such Eligible In-Transit Inventory is originating from a jurisdiction outside the Inventory Approved Countries. 

“Eligible Inventory” shall mean, at any time, Inventory of the Revolving Borrowers, but excluding any Inventory: 

(a) that is not subject to a perfected (or the equivalent) first priority Lien under the laws of the jurisdiction where such
Inventory is located (in accordance with (i) the Collateral and Guarantee Requirement, in the case of any Inventory located in the United States, Canada or Australia and (ii) the Additional Inventory Security Actions, in

  
 45 

 
the case of any Inventory located in France or the United Kingdom) in favor of the Collateral Agent for the benefit of the Secured Creditors pursuant to the relevant Security Documents;
provided, that Inventory that is Limiting License Inventory shall not be excluded under this clause (a); 
 (b) that
is subject to any Lien other than (i) a Lien in favor of the Collateral Agent or Australian Security Trustee for the benefit of the Secured Creditors pursuant to the relevant Security Documents, and (ii) a Lien (if any) permitted by
Section 9.01 which Permitted Lien shall rank junior in priority to the Lien in favor of the Collateral Agent or Australian Security Trustee for the benefit of the Secured Creditors pursuant to the relevant Security
Documents; 
 (c) that constitutes raw materials or
work-in-process; 
 (d) that is determined,
based on the applicable Revolving Borrowers’ historical practices and procedures, in each case, which are reasonably satisfactory to the Administrative Agent (it being understood that the Revolving Borrowers’ historical practices and
procedures, as of the Initial Closing Date, are reasonably satisfactory to the Administrative Agent), to be slow moving, obsolete, unmerchantable, damaged, “seconds”, defective, used, unfit for sale, or unacceptable due to age, type,
category or quantity; 
 (e) that does not conform in any material respect to all applicable standards imposed by any
Governmental Authority having regulatory authority over such Inventory or its use or sale, including the Fair Labor Standards Act of 1938, the Employment Standards Act (Ontario) and French, U.K. or Australian legislation (both state and federal,
where applicable) regarding the sale and use of goods, which non-conformity would affect the ability of the applicable Revolving Borrowers to sell such Inventory; 

(f) in which any Person other than such Revolving Borrower or any other applicable Borrower shall (i) have any direct
ownership, interest or title (including any retention of title right) to such Inventory, other than in respect of the interest of any carrier of Inventory in transit or (ii) be indicated on any purchase order or invoice with respect to such
Inventory as having or purporting to have an interest therein; 
 (g) that is not located in an Inventory Approved Country or
is in transit (other than in transit between locations in or between Inventory Approved Countries (excluding in transit to Australia from a location outside of Australia), controlled by the applicable Revolving Borrowers, to the extent included in
current Inventory reports of any such Revolving Borrower); 
 (h) except with respect to Inventory that is in transit between
locations in or between Inventory Approved Countries (excluding in transit to Australia from a location outside of Australia), controlled by the applicable Revolving Borrowers, and included in current perpetual Inventory reports of any one of such
Revolving Borrowers, that (i) is located in any location leased by an applicable Revolving Borrower unless the Administrative Agent has given its prior written consent thereto or unless (A) the lessor

  
 46 

 
has delivered to the Administrative Agent a Collateral Access Agreement or such other documentation as the Administrative Agent may reasonably require in its Permitted Discretion or the
Administrative Agent or its counsel may deem reasonably necessary in the jurisdiction of such Inventory’s location or (B) a Rent Reserve with respect to such location has been established by the Administrative Agent in its Permitted
Discretion; or (ii) is located at an owned location subject to a mortgage or other security interest in favor of a creditor (other than any such mortgage or other security interest that constitutes a Permitted Lien), or is located in any third
party warehouse or other storage facility or is in the possession of a bailee unless (A) such mortgagee, warehouseman or bailee has delivered to the Administrative Agent a Collateral Access Agreement or such other documentation as the
Administrative Agent may reasonably require in its Permitted Discretion or the Administrative Agent or its counsel may deem reasonably necessary in the jurisdiction of such Inventory’s location or (B) a Rent Reserve has been established by
the Administrative Agent in its Permitted Discretion; 
 (i) that is the subject of a consignment; 

(j) that is subject to any licensing, patent, royalty, trademark, trade name or copyright agreement with any third party,
unless either (i) such Inventory is subject to a Royalty Reserve established or modified from time to time by the Administrative Agent in the exercise of its Permitted Discretion in accordance with the provisions of
Section 2.22 or (ii) the Administrative Agent is satisfied in its Permitted Discretion that it could sell the Inventory on satisfactory terms upon the occurrence of an Event of Default; 

(k) that is not reflected in a current Inventory report of such Revolving Borrower; 

(l) for which reclamation rights have been called in by the seller; 

(m) that consists of samples, promotional materials, labels, packaging materials or similar supplies used in a Revolving
Borrower’s business; 
 (n) that is not covered by casualty insurance as and to the extent required by the terms of this
Agreement; 
 (o) that consists of Hazardous Materials or goods that can be transported or sold only with licenses that are
not readily available; 
 (p) in which any portion of the Cost of such Inventory is attributable to intercompany profit
between any such Revolving Borrower and any of its Affiliates (but only to the extent of such portion); or 
 (q) that has
been sold but not yet delivered, or as to which a Revolving Borrower has accepted a deposit. 
 With respect to any Inventory eligible for
inclusion in the Borrowing Base (as reasonably determined by the Company in consultation with the Administrative Agent) that are acquired by a Revolving Borrower (other than from another Borrower, but including any Inventory of any

  
 47 

 
Person that has become a Revolving Borrower) after the applicable Closing Date in a Permitted Acquisition or similar Investment, such acquired Inventory may be included in the applicable
Borrowing Base from and after the acquisition thereof only after completion of an Appraisal with respect thereto by the Administrative Agent (unless (x) the Administrative Agent shall have determined in its Permitted Discretion that no such due
diligence investigation with respect to such Inventory is required or (y) such acquired Inventory would not exceed 10% of the Eligible Inventory in the applicable Borrowing Base as of the date of proposed inclusion) and satisfaction of the
Collateral and Guarantee Requirement with respect to the applicable Revolving Borrower or Guarantor and (x) in the case of any Inventory located in the United States or Canada, the Collateral and Guarantee Requirement shall have been satisfied
with respect to such Inventory or (y) in the case of any Inventory located in the United Kingdom or France, the Additional Inventory Security Actions shall have been satisfied with respect to such Inventory. 

“Eligible Spanish Accounts” shall mean the Eligible Accounts owned by the Spanish Borrowers. 

“Eligible U.S. Accounts” shall mean the Eligible Accounts owned by the U.S. Revolving Borrowers. 

“Eligible U.S. Intellectual Property” shall mean Intellectual Property that (a) is owned by a U.S. Revolving Borrower
and registered with the United States Patent and Trademark Office in the name of such U.S. Revolving Borrower, (b) is at all times subject to the Collateral Agent’s duly perfected, first-priority security interest (subject only to Liens
permitted by Section 9.01) pursuant to the U.S. Security Documents and not subject to any other Lien except a Permitted Lien, (c) conforms in all material respects to the representations and warranties relating to such
Intellectual Property set forth in this Agreement and the U.S. Security Documents, (d) solely with respect to Intellectual Property owned by a U.S. Revolving Borrower on the Initial Closing Date, is set forth on
Schedule 1.01F (it being agreed that (i) the Intellectual Property set forth on Schedule 1.01F shall be deemed to have been appraised by a third-party appraiser reasonably satisfactory to the Administrative
Agent not more than three months prior to the Initial Closing Date and (ii) the Appraisals with respect to the Intellectual Property set forth on Schedule 1.01F shall be deemed to have been prepared on a basis
reasonably satisfactory to the Administrative Agent and the Revolving B Lenders) and (e) solely with respect to Intellectual Property owned by any U.S. Revolving Borrower that is not set forth on Schedule 1.01F, (i) has been
appraised by a third-party appraiser reasonably satisfactory to the Administrative Agent and (ii) for which the Appraisals with respect thereto shall have been prepared on a basis reasonably satisfactory to the Administrative Agent;
provided that Eligible U.S. Intellectual Property shall exclude any Intellectual Property that is otherwise designated by the Company as “ineligible” by written notice to the Administrative Agent or in any Borrowing Base Certificate
delivered to the Administrative Agent. 
 “Eligible U.S. Inventory AG” shall mean Eligible U.S. Inventory of America Girl
Brands, America Girl Retail and American Girl Publishing; provided that for the purpose of determining Eligible U.S. Inventory AG, with respect to clause (d) of the definition of Eligible Inventory, slow moving shall mean Inventory with
no sales in the last 12 months. 

  
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 “Eligible U.S. Inventory” shall mean the Eligible Inventory owned by the U.S.
Revolving Borrowers. 
 “Eligible U.S. Inventory Non-AG” shall mean Eligible U.S.
Inventory of a U.S. Borrower other than America Girl Brands, America Girl Retail and American Girl Publishing; provided that for the purpose of determining Eligible U.S. Inventory Non-AG, with respect
to clause (d) of the definition of Eligible Inventory, slow moving shall mean (i) Inventory with no sales in the last 12 months and (ii) Inventory on hand in excess of 24 months’ sales. 

“Eligible U.S. Real Estate” shall mean the Eligible Fee-Owned Real Estate owned by
U.S. Revolving Borrowers. 
 “Environment” shall mean ambient air, indoor air, surface water, groundwater, drinking water,
land surface and sub-surface strata, sediments and natural resources such as wetlands, flora and fauna. 

“Environmental Claims” shall mean any and all administrative, regulatory or judicial actions, suits, demands, demand letters,
directives, claims and/or notices of noncompliance or violation, relating to any Environmental Law or, any permit issued, or any approval given, under any such Environmental Law, including, without limitation, (a) by governmental or regulatory
authorities for enforcement investigation, cleanup, removal, response, remedial or other actions or damages pursuant to any applicable Environmental Law, and (b) by any third party seeking damages, contribution, indemnification, cost recovery,
compensation or injunctive relief arising out of or relating to an alleged injury or threat of injury to human health or the Environment due to any Release or threat of Release of any Hazardous Materials. 

“Environmental Law” shall mean any applicable federal, state, provincial, foreign, municipal, local or foreign Requirement of
Law, which, for the avoidance of doubt, shall include any ordinance, code and rule of common law, including any judicial or administrative order, consent decree or judgment relating to pollution or protection of the Environment, occupational safety
or of human health as affected by exposure to Hazardous Materials, including those relating to the manufacture, generation, handling, transport, storage, treatment, Release or threat of Release of Hazardous Materials. 

“Environmental Liability” shall mean any liability, loss, damage, claims and expense arising under or relating to any
Environmental Law including those arising from or relating to: (a) compliance or non-compliance with any Environmental Law or permit, license or approval issued thereunder, (b) the generation, use,
handling, transportation, storage, treatment or disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the Release or threat of Release of any Hazardous Materials 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” shall mean, with respect to any Person, Capital Stock of such Person and all warrants, options or other rights to acquire Capital Stock of such Person, but excluding any debt security that is convertible into, or exchangeable
for, Capital Stock of such Person. 

  
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 “ERISA” shall mean, at any time, the Employee Retirement Income Security Act of
1974, as amended from time to time and any successor statute, and the rules and regulations promulgated thereunder. 
 “ERISA
Affiliate” shall mean any trade or business (whether or not incorporated) under common control with the Company within the meaning of Section 414 of the Code. 

“ERISA Event” shall mean (a) a Reportable Event with respect to a Pension Plan; (b) a withdrawal by the Company 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 by the Company or an
ERISA Affiliate that is treated as such a withdrawal under Section 4062(e) of ERISA; (c) a complete or partial withdrawal (within the meanings of Sections 4203 and 4205 of ERISA) by the Company or any ERISA Affiliate from a Multiemployer
Plan; (d) the filing of a notice of intent to terminate a Pension Plan in a distress termination under Section 4041(c) of ERISA by the Company or any ERISA Affiliate with the PBGC, the treatment of a plan amendment as a termination under
Section 4041(c) of ERISA, or the commencement of proceedings by the PBGC to terminate a Pension Plan under Section 4042 of ERISA; (e) 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; (f) 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 the Company or any
ERISA Affiliate or (g) the determination that any Pension Plan is considered an “at-risk” plan or a plan in “endangered or critical status” within the meaning of Sections 430(i) and
432 of the Code or Sections 303(i) and 305 of ERISA. 
 “EU Bail-In Legislation
Schedule” means the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor person), as in effect from time to time. 

“Euro” and “€” mean the single currency of the Participating Member States. 

“Eurocurrency Rate” shall mean with respect to any Loan: 

(a) denominated in a LIBOR Quoted Currency, the per annum rate of interest determined by the Administrative Agent at or about
11:00 a.m. (London time) two Business Days prior to an Interest Period, or on the first day of the Interest Period in the case of a Sterling-denominated Loan, in each case for a term equivalent to such Interest Period, equal to the London Interbank
Offered Rate, or comparable or successor rate approved by the Administrative Agent, as published on the applicable Reuters screen page (or other commercially available source designated by the Administrative Agent from time to time); and 

(b) denominated in a Non-LIBOR Quoted Currency, the rate per annum as designated with
respect to the applicable Alternative Currency at the time such Alternative Currency is approved by the Administrative Agent and the Revolving A Lenders pursuant to Section 1.10(a); 

  
 50 

 provided that, to the extent a comparable or successor rate is approved by the Administrative Agent in
connection with any rate set forth in this definition, the approved rate shall be applied, if administratively feasible, in a manner consistent with market practice; provided, further that to the extent such market practice is not
administratively feasible for the Administrative Agent, such approved rate shall be applied in a manner as otherwise reasonably determined by the Administrative Agent; and if the Eurocurrency Rate shall be less than zero, such rate shall be deemed
zero for purposes of this Agreement. 
 “Eurocurrency Rate Loan” shall mean Loans that bear interest at a rate based on
clause (a) of the definition of the term “Eurocurrency Rate.” Eurocurrency Rate Loans may be denominated in Dollars or in an Alternative Currency. 

“European (GNU) Borrowers” shall mean the Initial European (GNU) Borrower and each European (GNU) Subsidiary of the Company
that executes a counterpart hereof and each other applicable Credit Document (or a separate joinder hereto or thereto) to become a Revolving Borrower, whether on the European (GNU) Closing Date or after the European (GNU) Closing Date in accordance
with Section 2.21. 
 “European (GNU) Borrowing Base” shall mean, at the time of any
determination, an amount equal to the sum of the Dollar Equivalent, without duplication, of 
 (a) 85% of the aggregate
Outstanding Balance of Eligible European (GNU) Accounts of the European (GNU) Borrowers at such time; plus 
 (b) the
lesser of (i) 80% of the Cost of Eligible European (GNU) Inventory at such time and (ii) 85% of the Net Orderly Liquidation Value of Eligible European (GNU) Inventory at such time; plus 

(c) the lesser of (i) 80% of the Cost of Eligible In-Transit Inventory owned by
the Dutch Borrowers at such time and (ii) 85% of the Net Orderly Liquidation Value of Eligible In-Transit Inventory owned by the Dutch Borrowers at such time; minus 

(d) any Reserves established or modified from time to time by the Administrative Agent in the exercise of its Permitted
Discretion in accordance with the provisions of Section 2.22. 
 The European (GNU) Borrowing Base at any time shall be determined
by reference to the most recent Borrowing Base Certificate delivered to the Administrative Agent pursuant to Section 8.20(a), adjusted, in the Administrative Agent’s Permitted Discretion (pending the delivery of a new
Borrowing Base Certificate), to reflect the impact of any Significant Disposition (or any event or circumstance which, pursuant to the eligibility rules set forth in the definitions of Eligible Account, Eligible Inventory or Eligible In-Transit Inventory, renders any such Account or Inventory ineligible for inclusion in the European (GNU) Borrowing Base after delivery of the most recent Borrowing Base Certificate). The Administrative Agent shall
have the right (but no obligation) to review the computations in any Borrowing Base Certificate and if such computations have not been calculated in accordance with the terms of this Agreement, the Administrative Agent shall have the right, in
consultation with the Company, to correct any such errors in such manner as it shall reasonably determine and the Administrative Agent will notify the Company in writing promptly after making any such correction. 

  
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 “European (GNU) Closing Date” shall mean the “European (GNU) Closing
Date” specified in a written notification by Administrative Agent to the Lenders that the conditions in Section 5.03 have been satisfied. 

“European (GNU) Credit Party” shall mean each European (GNU) Borrower and each European (GNU) Subsidiary Guarantor. 

“European (GNU) Dilution Reserve” shall mean, at any date, (a) the amount by which the consolidated Dilution Ratio of
Eligible European (GNU) Accounts exceeds five percent (5%) multiplied by (b) the Eligible European (GNU) Accounts on such date. 

“European (GNU) Issuing Bank” shall mean, as the context may require, (a) BANA or any Affiliates or branches of BANA
with respect to European (GNU) Letters of Credit issued by it; (b) any other Revolving A Lender that may become an Issuing Bank pursuant to Sections 2.13(i) and 2.13(k), with respect to European (GNU) Letters of Credit issued by
such Revolving A Lender; (c) with respect to any Existing Letter of Credit set forth on Part D of Schedule 1.01B, the Revolving A Lender which is the issuer of such Existing Letter of Credit; or
(d) collectively, all of the foregoing. 
 “European (GNU) LC Credit Extension” shall mean, with respect to any
European (GNU) Letter of Credit, the issuance, amendment or renewal thereof or extension of the expiry date thereof, or the increase of the Stated Amount thereof. 

“European (GNU) LC Disbursement” shall mean a payment or disbursement made by the European (GNU) Issuing Bank pursuant to a
European (GNU) Letter of Credit. 
 “European (GNU) LC Documents” shall mean all documents, instruments and agreements
delivered by a European (GNU) Borrower, the Company, or any Subsidiary to a European (GNU) Issuing Bank or the Administrative Agent in connection with any European (GNU) Letter of Credit. 

“European (GNU) LC Exposure” shall mean at any time the sum of (a) the aggregate undrawn Stated Amount of all
outstanding European (GNU) Letters of Credit at such time plus (b) the aggregate principal amount of all European (GNU) LC Disbursements that have not yet been reimbursed at such time. The European (GNU) LC Exposure of any Revolving A
Lender at any time shall mean its Pro Rata Percentage of the aggregate European (GNU) LC Exposure at such time. 
 “European (GNU)
LC Obligations” shall mean the sum (without duplication) of (a) all amounts owing by the European (GNU) Borrowers in respect of any European (GNU) LC Disbursements (including any bankers’ acceptances or other payment obligations
arising therefrom) and (b) the Stated Amount of all outstanding European (GNU) Letters of Credit. 
 “European (GNU) LC
Sublimit” shall mean $28,000,000. 
 “European (GNU) Letter of Credit” shall mean any standby, commercial or
documentary letter of credit, foreign guaranty, bank guarantee, documentary banker’s acceptance or similar instrument issued or to be issued by a European (GNU) Issuing Bank under the European (GNU) Revolving Subfacility requested by a European
(GNU) Borrower pursuant to Section 2.13. 

  
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 “European (GNU) Line Cap” shall mean, at any time, an amount that is equal to
the lesser of (a) the European (GNU) Revolving Commitments and (b) the European (GNU) Borrowing Base. 
 “European (GNU)
Protective Advance” shall have the meaning provided in Section 2.18. 
 “European (GNU)
Restricted Subsidiary” shall mean any European (GNU) Subsidiary that is a Restricted Subsidiary. 
 “European (GNU)
Revolving Borrowing” shall mean a Borrowing comprised of European (GNU) Revolving Loans. 
 “European (GNU) Revolving
Commitment” shall mean the sum of (a) the German Revolving Commitment, (b) the Dutch Revolving Commitment, and (c) the U.K. Revolving Commitment. 

“European (GNU) Revolving Exposure” shall mean, with respect to any European (GNU) Revolving Lender at any time, the
aggregate principal amount at such time of all outstanding European (GNU) Revolving Loans of such Lender, plus the aggregate amount at such time of such Lender’s European (GNU) LC Exposure, plus the aggregate amount of such Lender’s
European (GNU) Swingline Exposure. 
 “European (GNU) Revolving Lender” shall mean any Lender under the European (GNU)
Revolving Subfacility. 
 “European (GNU) Revolving Loans” shall mean advances made to or at the instructions of a European
(GNU) Borrower pursuant to Section 2.01(a)(vi) hereof under the European (GNU) Revolving Subfacility. 

“European (GNU) Revolving Note” shall mean each revolving note substantially in the form of Exhibit B-4 hereto. 
 “European (GNU) Revolving Subfacility” shall have the meaning provided
in the recitals hereto. 
 “European (GNU) Security Agreements” shall mean the Dutch Security Agreements, the U.K. Security
Agreement, the German Security Agreements and the Spanish Security Agreements. 
 “European (GNU) Security Documents” shall
mean the European (GNU) Security Agreements, and, after the execution and delivery thereof, each other document governed by Dutch, French, German, Spanish or English law executed and delivered by any Credit Party pursuant to which a Lien is granted
in favor of the Collateral Agent to secure the Obligations, each document governed by Dutch, French, German, Spanish or English law, if any, executed and delivered by any Credit Party pursuant to the Additional Inventory Security Actions and each
document governed by Dutch, French, German, Spanish or English law, if any, executed and delivered by any Credit Party pursuant to the Additional Account Security Actions. 

  
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 “European (GNU) Subsidiary” shall mean any Subsidiary of the Company
incorporated now or hereinafter under the laws of the Netherlands, the United Kingdom or Germany. 
 “European (GNU) Subsidiary
Guarantor” shall mean each European (GNU) Restricted Subsidiary (other than any European (GNU) Borrower) which is a party to this Agreement on the European (GNU) Closing Date, as well as each European (GNU) Restricted Subsidiary
established, created or acquired after the European (GNU) Closing Date which is required to become a party to this Agreement as a Guarantor in accordance with the requirements of the Collateral and Guarantee Requirement. 

“European (GNU) Swingline Commitment” shall mean the commitment of the European (GNU) Swingline Lender to make loans under
the European (GNU) Revolving Subfacility pursuant to Section 2.12, as the same may be reduced from time to time pursuant to Section 2.07. 

“European (GNU) Swingline Exposure” shall mean, at any time, the aggregate principal amount at such time of all outstanding
European (GNU) Swingline Loans. The European (GNU) Swingline Exposure of any European (GNU) Revolving Lender at any time shall equal its Pro Rata Percentage of the aggregate European (GNU) Swingline Exposure at such time. 

“European (GNU) Swingline Lender” shall mean BANA, its permitted successors and permitted assigns. 

“European (GNU) Swingline Loan” shall mean any Loan made by the European (GNU) Swingline Lender pursuant to
Section 2.12. 
 “European (GNU) Swingline Note” shall mean each swingline note substantially in
the form of Exhibit B-10 hereto. 
 “Event of Default” shall have the
meaning provided in Section 10. 
 “Exchange Act” shall mean the Securities Exchange Act of 1934,
as amended, and the rules and regulations of the SEC promulgated thereunder. 
 “Excluded Account” shall mean (a) any
Deposit Account or Securities Account (i) which is used for the purposes of making payroll and withholding tax payments related thereto and other employee wage and benefit payments and accrued and unpaid employee compensation (including
salaries, wages, bonuses, benefits and expense reimbursements), (ii) which is used for the sole purpose of paying or remitting taxes, including sales taxes, (iii) which is used solely as an escrow account or as a fiduciary or trust account,
(iv) which is a zero balance account, or (v) which is granted as cash collateral in favor of a creditor with respect to a Permitted Lien and (b) any other Deposit Account or Securities Account, the aggregate average daily balance in
which (in each case determined for the most recently completed calendar month) does not at any time exceed $2,500,000 in the aggregate for all such Deposit Accounts and Securities Accounts described in this clause (b). 

  
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 “Excluded Assets” shall mean (a) any
fee-owned Real Property that is not Eligible U.S. Real Estate and any leasehold interests in Real Property; (b) any governmental licenses or state or local franchises, charters or authorizations, to the
extent a security interest in any such licenses, franchise, charter or authorization would be prohibited or restricted thereby (including any legally effective prohibition or restriction) after giving effect to the applicable anti-assignment clauses
of the UCC, PPSA and other applicable Requirements of Law in France, the Netherlands, the United Kingdom, Germany, Spain and Australia, other than the proceeds and products thereof the assignment of which is expressly deemed effective under the UCC,
PPSA or any similar applicable Requirements of Law in France, the Netherlands, the United Kingdom, Germany, Spain or Australia notwithstanding such prohibition; (c) letter of credit rights (except to the extent perfection can be accomplished
through the filing of UCC-1, PPSA or RDPRM financing statements or equivalent filing under other similar Requirements of Law in France, the Netherlands, the United Kingdom, Germany, Spain or Australia);
(d) commercial tort claims (other than those of Canadian Credit Parties) with an individual value of less than $5,000,000; (e) assets and personal property for which a pledge thereof or a security interest therein is prohibited by
applicable Requirements of Law (including any legally effective requirement to obtain the consent of any Governmental Authority) after giving effect to the applicable anti-assignment clauses of the UCC, PPSA and other applicable Requirements of Law
in France, the Netherlands, the United Kingdom, Germany, Spain and Australia, other than the proceeds and products thereof the assignment of which is expressly deemed effective under the UCC, PPSA or any similar applicable Requirements of Law in
France, the Netherlands, the United Kingdom, Germany, Spain or Australia notwithstanding such prohibition; (f) any “margin stock” and Equity Interests of any Person to the extent, and for so long as, the pledge of such Equity
Interests would be prohibited by the terms of any applicable joint venture agreement or shareholders’ agreement applicable to such Person, after giving effect to the applicable anti-assignment clauses of the UCC, PPSA and other applicable
Requirements of Law; (g) any voting Equity Interests in a CFC or FSHCO representing in excess of 65% of the outstanding voting Equity Interests in such CFC or FSHCO or any assets of a CFC or a FSHCO (including any stock held directly or
indirectly by a CFC or a FSHCO); (h) assets and personal property to the extent a security interest in such assets or personal property would result in material adverse Tax consequences as reasonably determined by the Company in consultation
with the Administrative Agent and notified in writing by the Company to the Administrative Agent; (i) any intent-to-use trademark application prior to the filing of
a “Statement of Use” with respect thereto; (j) any Contractual Requirement, license or permit to which a Credit Party or any of their property (including personal property) is subject, and any property subject to a purchase money
security interest, capital lease or similar arrangement with any Person if, to the extent, and for so long as, the grant of a Lien thereon to secure the Obligations constitutes a breach of, a violation of, or a default under, or invalidation of, or
creates a right of termination in favor of any party (other than any Borrower or Guarantor) to, such Contractual Requirement, license, permit, purchase money arrangement, capital lease or similar arrangement (but only to the extent any of the
foregoing is not rendered ineffective by, or is otherwise unenforceable under, the UCC, PPSA or any similar applicable Requirement of Law in France, the Netherlands, the United Kingdom, Germany, Spain or Australia); (k) any Excluded Account;
(l) any property or assets acquired after the applicable Closing Date (including any property acquired through any acquisition, consolidation, amalgamation or merger of a Person, but excluding any Borrowing Base Assets of a Credit Party), if at
the time of such acquisition, the granting of a security interest therein or a pledge 

  
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thereof is prohibited by any Contractual Requirement to the extent and for so long as such Contractual Requirement prohibits such security interest or pledge; (m) any Intellectual Property
owned by any Credit Party (other than the Eligible U.S. Intellectual Property); (n) any property subject to a certificate of title (including motor vehicles) (except to the extent perfection can be accomplished through the filing of UCC-1, PPSA or RDPRM financing statements or equivalent filing under other similar Requirements of Law in France, the Netherlands, the United Kingdom, Germany, Spain or Australia); and (o) any other assets if
and for so long as the Administrative Agent and the Company agree in writing that the cost of creating or perfecting pledges or security interests in such assets or obtaining title insurance or surveys in respect of such assets shall be excessive in
view of the benefits to be obtained by the Secured Creditors therefrom; provided that notwithstanding anything herein to the contrary, Excluded Assets shall not include any proceeds, replacements or substitutions of Collateral (unless such
proceeds, replacements or substitutions otherwise constitute Excluded Assets). 
 “Excluded Subsidiary” shall mean
(a) each Subsidiary that is not required to become a Credit Party pursuant to any provision of this Agreement, (b) each Immaterial Subsidiary, (c) each Subsidiary that is not a Wholly-Owned Subsidiary on any date such Subsidiary would
otherwise be required to become a Guarantor pursuant to the requirements of Section 8.15 or 8.19 (for so long as such Subsidiary is not a Wholly-Owned Subsidiary), unless otherwise excluded under another provision of
this definition, (d) each Subsidiary (i) to the extent prohibited by any applicable Requirement of Law or Contractual Requirement permitted pursuant to Section 9.08(b) (only to the extent and for so long as such
restriction or any replacement or renewal thereof is in effect) from guaranteeing the Obligations, (ii) that would require consent, approval, license or authorization to provide a Guarantee of the Obligations from a Governmental Authority
(unless such consent, approval, license or authorization has been received) or for which the provision of such Guarantee could reasonably be expected to result in material adverse Tax consequences to the Company or one or more of its Subsidiaries
(as reasonably determined by the Company in consultation with the Administrative Agent) or (iii) that is a CFC (or a direct or indirect Subsidiary of a CFC) or FSHCO; provided that such Subsidiary shall only be deemed an Excluded
Subsidiary under this clause (d)(iii) with respect to guarantying or securing any Obligation of the Company or any Domestic Subsidiary or any Obligation that is treated as an obligation of a “United States person” within the meaning
of Section 7701(a)(30) of the Code, (e) any other Subsidiary with respect to which, in the reasonable judgment of the Administrative Agent and the Company, as agreed in writing, the cost or other consequences of providing a Guarantee of
the Obligations would be excessive in view of the benefits to be obtained by the Lenders therefrom, (f) each Unrestricted Subsidiary, (g) any Restricted Subsidiary acquired pursuant to a Permitted Acquisition or other Investment permitted
hereunder and financed with secured Indebtedness permitted to be incurred pursuant to Section 9.04, and each Restricted Subsidiary acquired in such Permitted Acquisition or other Investment permitted hereunder that
guarantees such secured Indebtedness, in each case, to the extent that, and for so long as, the documentation relating to such secured Indebtedness to which such Subsidiary is a party prohibits such Subsidiary from guaranteeing the Obligations and
such prohibition was not created in contemplation of such Permitted Acquisition or other Investment permitted hereunder and (h) any special purpose entity (including any
not-for-profit entity). 

  
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 “Excluded Swap Obligation” shall mean, with respect to any Guarantor,
(a) any Swap Obligation if, and to the extent that, all or a portion of the guarantee of such Guarantor pursuant to the Guarantee of, or the grant by such Guarantor of a security interest to secure, such Swap Obligation (or any guarantee
pursuant to the Guarantee thereof) is or becomes illegal or unlawful under the Commodity Exchange Act or any rule, regulation, or order of the Commodity Futures Trading Commission (or the application or official interpretation of any
thereof) (i) by virtue of such Guarantor’s failure to constitute an “eligible contract participant,” as defined in the Commodity Exchange Act and the regulations thereunder (determined after giving pro forma effect to any
applicable keep well, support, or other agreement for the benefit of such Guarantor and any and all applicable guarantees of such Guarantor’s Swap Obligations by other Credit Parties), at the time the guarantee of (or grant of such security
interest by, as applicable) such Guarantor becomes or would become effective with respect to such Swap Obligation or (ii) in the case of a Swap Obligation that is subject to a clearing requirement pursuant to section 2(h) of the Commodity
Exchange Act, because such Guarantor is a “financial entity,” as defined in section 2(h)(7)(C) of the Commodity Exchange Act, at the time the guarantee of (or grant of such security interest by, as applicable) such Guarantor becomes or
would become effective with respect to such Swap Obligation or (b) any other Swap Obligation designated as an “Excluded Swap Obligation” of such Guarantor as specified in any agreement between the relevant Credit Parties and
counterparties to such Swap Obligations. If a Swap Obligation arises under a master agreement governing more than one Swap, such exclusion shall apply only to the portion of such Swap Obligation that is attributable to the Swap for which such
guarantee or security interest is or becomes excluded in accordance with the first sentence of this definition. 
 “Excluded
Taxes” shall mean, with respect to the Administrative Agent, any Lender, or any other recipient of any payment to be made by or on account of any obligation of any Credit Party under any Credit Document, (a) Taxes imposed on (or
measured by) net income and franchise (and similar) Taxes imposed on it in lieu of net income Taxes by a jurisdiction (or any political subdivision thereof) as a result of (i) such recipient being organized or having its principal office or
applicable lending office (or other permanent establishment in respect of amounts received or receivable) in such jurisdiction or (ii) any other present or former connection between such recipient and such jurisdiction (other than a connection
arising from the Administrative Agent, Lender or other recipient having executed, delivered, become a party to, performed its obligations under, received payments under, received or perfected a security interest under, engaged in any other
transaction pursuant to or enforced any Credit Document, or sold or assigned an interest in any Obligation or Credit Document) (any such Taxes, “Other Connection Taxes”), (b) any branch profits Taxes under Section 884(a) of the
Code, or any similar Tax, imposed by any jurisdiction described in clause (a) above, (c) in the case of a Lender (other than an assignee pursuant to a request by the Company under Section 3.04), any U.S. federal
withholding Tax that is imposed on amounts payable to or for the account of such Lender pursuant to a Requirement of Law in effect at the time such Lender becomes a party to this Agreement or acquires an interest in a Loan or Obligation (or
designates a new lending office), except to the extent that such Lender (or its assignor, if any) was entitled, immediately prior to the time of designation of a new lending office (or assignment), to receive additional amounts from the relevant
Credit Party with respect to such withholding Tax pursuant to Section 4.01, (d) any Tax that is attributable to such recipient’s failure to comply with Sections 4.01(c) or 4.01(d)
(in each case, subject to Sections 4.01(e)) or 4.01(f), (e) any withholding Taxes imposed under FATCA, (f) U.S. federal backup withholding Taxes imposed pursuant to Code Section 3406, (g) solely with
respect to the Canadian Revolving Subfacility, any Taxes imposed as a result of such recipient not dealing at arm’s length (within the meaning 

  
 57 

 
of the ITA) with a Canadian Credit Party, (h) solely with respect to the Canadian Revolving Subfacility, any Taxes imposed as a result of such recipient being a “specified
shareholder” (within the meaning of subsection 18(5) of the ITA) of a Canadian Credit Party or not dealing at arm’s length with such a specified shareholder of a Canadian Credit Party, (i) any Taxes imposed pursuant to
Article 17(3) of the 1969 Dutch Corporate Income Tax Act (Wet op de vennootschapsbelasting) on the Administrative Agent or a Lender as a result of the Administrative Agent or Lender having a substantial interest (aanmerkelijk
belang) within the meaning of the Dutch Income Tax Act 2001 (Wet inkomstenbelasting 2001), directly or indirectly, in a Dutch Borrower, (j) any Australian Withholding Tax where such Australian Withholding Tax is imposed because the
exemption in section 128F of the Australian Tax Act does not apply by reason of there being less than 2 Australian Revolving Lenders under this Agreement, (k) any French withholding tax that is imposed on amounts payable to a Lender if such
Taxes are imposed solely because this payment is made to (i) an account opened in the name of or for the benefit of that Lender in a financial institution situated in a Non-Cooperative Jurisdiction or
(ii) a Lender acting through a Facility Office situated in a Non-Cooperative Jurisdiction, and (l) any Spanish withholding Tax on account of Non Resident Income Tax (Impuesto sobre la Renta de No
Residentes) that is imposed on amounts payable to or for the account of a Lender pursuant to a Requirement of Law in effect at the time such Lender becomes a party to this Agreement or acquires an interest in a Loan or Obligation (or designates
a new lending office) and considered as an income of such Lender for Spanish tax purposes. 
 “Executive Order” shall mean
Executive Order No. 13224 on Terrorist Financing effective September 24, 2001. 
 “Existing Letters of Credit”
shall mean those Letters of Credit set forth on Schedule 1.01B. 
 “Existing Indebtedness” shall have the meaning
provided in Section 9.04(d). 
 “Existing Revolving A Class” shall have the meaning provided in
Section 2.19(a). 
 “Existing Revolving A Commitment” shall have the meaning provided in
Section 2.19(a). 
 “Existing Revolving A Loans” shall have the meaning provided in
Section 2.19(a). 
 “Extended Revolving A Commitments” shall have the meaning provided in
Section 2.19(a). 
 “Extended Revolving A Loans” shall have the meaning provided in
Section 2.19(a). 
 “Extending Lender” shall have the meaning provided in
Section 2.19(b). 
 “Extension Amendment” shall have the meaning provided in
Section 2.19(c). 
 “Extension Date” shall have the meaning provided in
Section 2.19(d). 
 “Extension Election” shall have the meaning provided in
Section 2.19(b). 

  
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 “Extension Request” shall have the meaning provided in
Section 2.19(a). 
 “Facility Office” means the office or offices notified by a Lender to the
Agents in writing on or before the date it becomes a Lender (or following that date, by not less than five Business Days’ written notice) as the office or offices through which it will perform its obligations under this Agreement. 

“Fair Market Value” shall mean the value that would be paid by a willing buyer to an unaffiliated willing seller in a
transaction not involving distress or necessity of either party. 
 “FATCA” shall mean Sections 1471 through 1474 of the
Code as of the date of this Agreement (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations thereunder or official interpretations thereof, any
agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described above), and any treaty, convention or intergovernmental agreements (or related legislation or official administrative
rules or practices) implementing the foregoing. 
 “FATCA Deduction” means a deduction or withholding from a payment under
a Credit Document required by FATCA. 
 “FATCA Exempt Party” means a Person that is entitled to receive payments free from
any FATCA Deduction. 
 “FCCR Test Amount” shall have the meaning provided in the definition of the term “Financial
Covenant Triggering Event”. 
 “FCPA” shall have the meaning provided in Section 7.14(c).

 “Federal Funds Rate” shall mean (a) the weighted average of interest rates on overnight federal funds transactions
with members of the Federal Reserve System on the applicable day (or the preceding Business Day, if the applicable day is not a Business Day), as published by the Federal Reserve Bank of New York on the next Business Day; or (b) if no such rate
is published on the next Business Day, the average rate (rounded up to the nearest 1/8 of 1%) charged to Bank of America, N.A. on the applicable day on such transactions, as determined by the Administrative Agent; provided, that in no event
shall such rate be less than zero. 
 “Fee Letter” shall mean that certain letter agreement dated the date hereof by and
between the Administrative Agent and the Company. 
 “Fees” shall mean all amounts payable pursuant to or referred to in
Section 2.05. 
 “Field Examination” shall mean field audits and examinations prepared on a basis
reasonably satisfactory to the Administrative Agent, setting forth the value of Accounts, which audits and examinations shall be prepared in accordance with this Agreement by an examiner selected by the Administrative Agent in its reasonable
discretion. 

  
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 “FILO Applicable Margin” shall mean the per annum percentage set forth below, as
determined by the Average Availability as of the most recent Adjustment Date: 
  

							
	 Level
	  	Average Availability
(percentage of Line
Cap)	  	U.S. Base Rate
Loans	  	Eurocurrency
Rate Loans
	 I
	  	3 75%	  	1.25%	  	2.25%
	 II
	  	3 50% < 75%	  	1.50%	  	2.50%
	 III
	  	3 25% < 50%	  	1.75%	  	2.75%
	 IV
	  	< 25%	  	2.00%	  	3.00%

 Until March 31, 2018, the FILO Applicable Margin shall be determined as if Level II were applicable.
Thereafter, the FILO Applicable Margin shall be subject to increase or decrease on each Adjustment Date based on Average Availability, as determined by the Administrative Agent’s system of record, and each such increase or decrease in the FILO
Applicable Margin shall be effective on the Adjustment Date occurring immediately after the last day of the fiscal quarter most recently ended. If the Revolving Borrowers fail to deliver any Borrowing Base Certificate on or before the date required
for delivery thereof, then the FILO Applicable Margin shall be determined as if Level IV were applicable, from the first day of the calendar month following the date such Borrowing Base Certificate was required to be delivered until two
Business Days after the date of delivery of such Borrowing Base Certificate. 
 “FILO Borrowing Base” shall mean the lesser
of (a) $100,000,000 and (b) an amount equal to (i) 10% of the aggregate Outstanding Balance of Eligible U.S. Accounts at such time (excluding, at any time prior to the date that TRU has exited from bankruptcy, any Account in which the
Account Debtor is TRU, but including, on and following the date that TRU has exited from bankruptcy, TRU Post-Petition Eligible Accounts but not TRU Pre-Petition Eligible Accounts); plus (ii) the
lesser of (x) 10% of the Cost of Eligible U.S. Inventory at such time (excluding, for the avoidance of doubt, any Eligible In-Transit Inventory) and (y) 10% of the Net Orderly Liquidation Value of
Eligible U.S. Inventory at such time (excluding, for the avoidance of doubt, any Eligible In-Transit Inventory); provided, that on July 1, 2018 and on the first day of each fiscal quarter
thereafter if an Amortization Event is in effect, each percentage under this clause (b) shall reduce by 1% until such time as each such percentage is reduced to 0%. 

“FILO Revolving Loans” shall mean U.S. Revolving A Loans under the FILO Borrowing Base. 

“Finance Party” shall have the meaning provided in Section 4.02(a). 

“Financial Covenant Triggering Event” shall mean, at any time, that Total Excess Availability is less than the greater of
(a) $100,000,000 and (b) 10.0% of the Line Cap, as of such date (such greater of amount, the “FCCR Test Amount”). Upon the occurrence of any Financial Covenant Triggering Event, such Financial Covenant Triggering Event
shall be deemed to be continuing notwithstanding that Total Excess Availability may thereafter equal to or exceed the FCCR Test Amount unless and until no Event of Default shall exist and Total Excess Availability, for thirty (30) consecutive
days, equals or exceeds such FCCR Test Amount, in which event a Financial Covenant Triggering Event shall no longer be deemed to be continuing. 

  
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 “Financial Support Direction” shall mean a financial support direction issued by
the Pensions Regulator under section 43 of the Pensions Act 2004. 
 “Flood Insurance Laws” shall mean, collectively,
(a) National Flood Insurance Reform Act of 1994 (which comprehensively revised the National Flood Insurance Act of 1968 and the Flood Disaster Protection Act of 1973) as now or hereafter in effect or any successor statute thereto, (b) the
Flood Insurance Reform Act of 2004 as now or hereafter in effect or any successor statute thereto and (c) the Biggert-Waters Flood Insurance Reform Act of 2012 as now or hereafter in effect or any successor statute thereto. 

“Foreign Base Rate” shall mean, with respect to Loans (other than Canadian Base Rate Loans) denominated in Euros, Pounds
Sterling and Dollars that are funded outside the U.S., the rate based on clause (a) of the definition of the term “Eurocurrency Rate” for a 30-day interest period as in effect on the first day
of the current calendar month; provided, that in no event shall the Foreign Base Rate be less than zero. 
 “Foreign Base
Rate Loan” shall mean a floating rate borrowing under the French Revolving Subfacility, the Spanish Revolving Subfacility, the European (GNU) Revolving Subfacility or the Australian Revolving Subfacility that, in each case, bears interest
based on the Foreign Base Rate. 
 “Foreign Borrower” shall mean any Borrower that is not a U.S. Revolving Borrower. 

“Foreign Collateral” shall mean any Collateral (other than the U.S. Collateral). 

“Foreign Credit Party” shall mean any Credit Party that is not (a) a U.S. Credit Party or (b) a “United States
person” as defined in Section 7701(a)(30) of the Code. 
 “Foreign Credit Party Guarantee” shall mean the
guarantee of each Foreign Credit Party and each FSHCO Guarantor pursuant to Section 14. 
 “Foreign
Guaranteed Creditors” shall mean the Guaranteed Creditors (other than the Domestic Guaranteed Creditors). 
 “Foreign
Joinder Agreement” shall mean a joinder agreement, substantially in the form of Exhibit E-2 hereto. 

“Foreign LC Collateral Account” shall mean a collateral account in the form of a deposit account established and maintained
by the Administrative Agent for the benefit of the Issuing Banks under the Revolving A Subfacilities (other than the U.S. Revolving A Subfacility), in accordance with the provisions of Section 2.13(n). 

  
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 “Foreign Master Payer/Receiver” means Mattel International Finance B.V., a
Netherlands private limited liability company, and/or any other Foreign Borrower identified in writing to the Administrative Agent as a Foreign Borrower that will act as a Foreign Master Payer/Receiver. 

“Foreign Obligations” shall mean any Obligations (other than the Domestic Obligations and the Obligations of a “United
States person” as defined in Section 7701(a)(30) of the Code). 
 “Foreign Payment in Full Date” shall have the
meaning provided in Section 14.01. 
 “Foreign Pension Plan” shall mean any plan, fund
(including, without limitation, any superannuation fund) or other similar program established or maintained outside the United States, Canada, the United Kingdom or the Netherlands by the Company or any one or more of the Restricted Subsidiaries
primarily for the benefit of employees of the Company or such Restricted Subsidiaries residing outside the United States, Canada, the United Kingdom or the Netherlands, which plan, fund or other similar program provides, or results in, retirement
income, a deferral of income in contemplation of retirement or payments to be made upon termination of employment, and which plan is not subject to ERISA, the Canadian Employee Benefits Legislation, the Pensions Act 2004 or the Dutch Pension
Regulations. 
 “Foreign Subsidiary” shall mean each Subsidiary of the Company that is not a Domestic Subsidiary. 

“French Bank Account Pledge Agreement” shall mean, to the extent the Initial French Borrower has Collection Accounts
domiciled in France on the French Closing Date, the account pledge governed by French law dated as of the French Closing Date, by and between the Collateral Agent and the Initial French Borrower. 

“French Borrowers” shall mean the Initial French Borrower and each French Subsidiary of the Company that executes a
counterpart hereof and each other applicable Credit Document (or a separate joinder hereto or thereto) to become a Revolving Borrower, whether on the French Closing Date or after the French Closing Date in accordance with
Section 2.21. 
 “French Borrowing Base” shall mean, at the time of any determination, an amount
equal to the sum of the Dollar Equivalent, without duplication, of 
 (a) 85% of the aggregate Outstanding Balance of
Eligible French Accounts of the French Borrowers at such time; minus 
 (b) any Reserves established or modified from
time to time by the Administrative Agent in the exercise of its Permitted Discretion in accordance with the provisions of Section 2.22. 

The French Borrowing Base at any time shall be determined by reference to the most recent Borrowing Base Certificate delivered to the Administrative Agent
pursuant to Section 8.20(a), adjusted, in the Administrative Agent’s Permitted Discretion (pending the delivery of a new Borrowing Base Certificate), to reflect the impact of any Significant Disposition (or any event
or circumstance which, pursuant to the eligibility rules set forth in the definitions of Eligible Account, renders any such Account ineligible for inclusion in the French Borrowing Base after 

  
 62 

 
delivery of the most recent Borrowing Base Certificate). The Administrative Agent shall have the right (but no obligation) to review the computations in any Borrowing Base Certificate and if such
computations have not been calculated in accordance with the terms of this Agreement, the Administrative Agent shall have the right, in consultation with the Company, to correct any such errors in such manner as it shall reasonably determine and the
Administrative Agent will notify the Company in writing promptly after making any such correction. 
 “French Closing Date”
shall mean the “French Closing Date” specified in a written notification by Administrative Agent to the Lenders that the conditions in Section 5.02 have been satisfied. 

“French Collateral” shall mean all the “Collateral” (or equivalent term) as defined in each French Security
Agreement and all other property (whether real, personal or otherwise) with respect to which any security interests have been granted by any Credit Parties pursuant to any French Security Document. 

“French Credit Party” shall mean each French Borrower and each French Subsidiary Guarantor. 

“French Dilution Reserve” shall mean, at any date, (a) the amount by which the consolidated Dilution Ratio of Eligible
French Accounts exceeds five percent (5%) multiplied by (b) the Eligible French Accounts on such date. 
 “French Issuing
Bank” shall mean, as the context may require, (a) BAMLI or any Affiliates or branches of BAMLI authorized to carry on credit operations in France with respect to French Letters of Credit issued by it; (b) any other Revolving A
Lender that may become an Issuing Bank pursuant to Sections 2.13(i) and 2.13(k), with respect to French Letters of Credit issued by such Revolving A Lender; (c) with respect to any Existing Letter of Credit set
forth on Part C of Schedule 1.01B, the Revolving A Lender which is the issuer of such Existing Letter of Credit; or (d) collectively, all of the foregoing. 

“French LC Credit Extension” shall mean, with respect to any French Letter of Credit, the issuance, amendment or renewal
thereof or extension of the expiry date thereof, or the increase of the Stated Amount thereof. 
 “French LC Disbursement”
shall mean a payment or disbursement made by the French Issuing Bank pursuant to a French Letter of Credit. 
 “French LC
Documents” shall mean all documents, instruments and agreements delivered by a French Borrower, the Company, or any Subsidiary to a French Issuing Bank or the Administrative Agent in connection with any French Letter of Credit. 

“French LC Exposure” shall mean at any time the sum of (a) the aggregate undrawn Stated Amount of all outstanding French
Letters of Credit at such time plus (b) the aggregate principal amount of all French LC Disbursements that have not yet been reimbursed at such time. The French LC Exposure of any Revolving A Lender at any time shall mean its Pro Rata
Percentage of the aggregate French LC Exposure at such time. 

  
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 “French LC Obligations” shall mean the sum (without duplication) of (a) all
amounts owing by the French Borrowers in respect of any French LC Disbursements (including any bankers’ acceptances or other payment obligations arising therefrom) and (b) the Stated Amount of all outstanding French Letters of Credit. 

“French LC Sublimit” shall mean $4,000,000. 

“French Lender” shall mean a French Swingline Lender or a French Revolving Lender. 

“French Letter of Credit” shall mean any standby, commercial or documentary letter of credit, foreign guaranty, bank
guarantee, documentary banker’s acceptance or similar instrument issued or to be issued by a French Issuing Bank under the French Revolving Subfacility requested by a French Borrower pursuant to Section 2.13. 

“French Line Cap” shall mean, at any time, an amount that is equal to the lesser of (a) the French Revolving Commitments
and (b) the French Borrowing Base. 
 “French Moveable Assets Pledge Agreement” shall mean the moveable assets pledge
agreement (convention de gage de biens meubles) governed by French law dated as of the European (GNU) Closing Date by and between the Initial Dutch Borrower, as pledgor, the Collateral Agent, as beneficiary, and Geodis Logistics
Rhône Alpes, as third party (tiers convenu). 
 “French Obligations” shall mean, on any date, the portion of
the Obligations outstanding that are owing by the French Borrowers under this Agreement (including the Parallel Obligations). 

“French Priority Payables Reserves” shall mean reserves in respect of (a) pension, salary and other claims of employees;
(b) any VAT invoiced to customers of that French Borrower and/or received by that French Borrower but not yet paid to the relevant taxing authority; (c) claims of the French tax or other Governmental Authorities or social contributions or
agencies appointed to collect the foregoing; (d) amounts payable to or deductible by an insolvency administrator, receiver or other insolvency official in respect of his or her costs or expenses; and (e) amounts referred to in articles L-622-17 and L-641-13 of the French Code de commerce in the case of a safeguard procedure,
reorganization procedure or liquidation, in each case only to the extent such amounts enjoy priority as a matter of applicable law over the claims of the French Secured Parties. 

“French Protective Advance” shall have the meaning provided in Section 2.18. 

“French Receivables Assignment Agreement” shall mean the master agreement for the assignment of receivables by way of
security governed by French law dated as of the French Closing Date by and between the Initial French Borrower as assignor, the Collateral Agent, as security agent on behalf of the French Lenders and the French Lenders as beneficiaries together with
any required transfer form executed in relation thereto by the Initial French Borrower. 
 “French Restricted Subsidiary”
shall mean any French Subsidiary that is a Restricted Subsidiary. 

  
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 “French Revolving Borrowing” shall mean a Borrowing comprised of French
Revolving Loans. 
 “French Revolving Commitment” shall mean, with respect to each French Revolving Lender, the commitment,
if any, of such Lender to make French Revolving Loans hereunder up to the amount set forth and opposite such Lender’s name on the Commitment Schedule under the caption “French Revolving Commitment,” or in the Assignment and Assumption
Agreement pursuant to which such Lender assumed its French Revolving Commitment, as applicable, as the same may be (a) reduced from time to time pursuant to Section 2.07, (b) reduced or increased from time to time
pursuant to Section 2.20 and (c) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 12.04. 

“French Revolving Exposure” shall mean, with respect to any French Revolving Lender at any time, the aggregate principal
amount at such time of all outstanding French Revolving Loans of such Lender, plus the aggregate amount at such time of such Lender’s French LC Exposure, plus the aggregate amount of such Lender’s French Swingline Exposure. 

“French Revolving Lender” shall mean any Lender under the French Revolving Subfacility. 

“French Revolving Loans” shall mean advances made to or at the instructions of a French Borrower pursuant to
Section 2.01(a)(iv) hereof under the French Revolving Subfacility. 
 “French Revolving Note”
shall mean each revolving note substantially in the form of Exhibit B-3 hereto. 

“French Revolving Subfacility” shall have the meaning provided in the recitals hereto. 

“French Secured Parties” shall mean, as the case may be, the Secured Creditors which benefit from each of the French Security
Agreements. 
 “French Security Agreements” shall mean the French Receivables Assignment Agreement, the French Moveable
Assets Pledge Agreement and the French Bank Account Pledge Agreement. 
 “French Security Documents” shall mean the French
Security Agreements, and, after the execution and delivery thereof, each other document, governed by French law, executed and delivered by any Credit Party pursuant to which a Lien is granted in favor of the Collateral Agent to secure the
Obligations, each document governed by French law, if any, executed and delivered by any Credit Party pursuant to the Additional Inventory Security Actions and each document governed by French law, if any, executed and delivered by any Credit Party
pursuant to the Additional Account Security Actions. 
 “French Subsidiary” shall mean any Subsidiary of the Company
incorporated now or hereinafter under the laws of France. 
 “French Subsidiary Guarantor” shall mean each French
Restricted Subsidiary (other than any French Borrower) which is a party to this Agreement on the French Closing Date, as well as each French Restricted Subsidiary established, created or acquired after the French Closing Date which is required to
become a party to this Agreement as a Guarantor in accordance with the requirements of the Collateral and Guarantee Requirement. 

  
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 “French Swingline Commitment” shall mean the commitment of the French Swingline
Lender to make loans under the French Revolving Subfacility pursuant to Section 2.12, as the same may be reduced from time to time pursuant to Section 2.07. 

“French Swingline Exposure” shall mean, at any time, the aggregate principal amount at such time of all outstanding French
Swingline Loans. The French Swingline Exposure of any French Revolving Lender at any time shall equal its Pro Rata Percentage of the aggregate French Swingline Exposure at such time. 

“French Swingline Lender” shall mean BAMLI, its permitted successors and permitted assigns. 

“French Swingline Loan” shall mean any Loan made by the French Swingline Lender pursuant to
Section 2.12. 
 “French Swingline Note” shall mean each swingline note substantially in the form
of Exhibit B-9 hereto. 
 “Fronting Exposure” shall mean a Defaulting
Lender’s Pro Rata Percentage under the applicable Revolving A Subfacility or Revolving A Subfacilities of LC Exposure or Swingline Exposure, as applicable, except to the extent allocated to other Revolving A Lenders under
Section 2.11. 
 “Fronting Fee” shall have the meaning provided in
Section 2.05(c). 
 “FSHCO” shall mean any domestic or foreign entity that is a direct or
indirect Subsidiary of the Company and has no material assets other than the Capital Stock (including, for the avoidance of doubt, any instrument treated as Capital Stock for U.S. federal income tax purposes) (or equity and debt instruments) or
Indebtedness of one or more CFCs. 
 “FSHCO Guarantor” shall mean any Subsidiary Guarantor that is a FSHCO. 

“GAAP” shall mean (a) generally accepted accounting principles in the United States of America which are in effect from
time to time or (b) if elected by the Company by written notice to the Administrative Agent in connection with the delivery of financial statements and information, the accounting standards and interpretations (“IFRS”) adopted
by the International Accounting Standard Board, as in effect from time to time on or after the date on which the Company is making such election; provided, that (i) any such election once made shall be irrevocable and (ii) from and
after such election, all ratios, computations and other determinations based on GAAP contained in this Agreement shall be computed in conformity with IFRS. 

“German Bank Account Pledge” shall mean, to the extent the Initial German Borrower has Collection Accounts domiciled in
Germany on the European (GNU) Closing Date, the account pledge governed by German law dated as of the European (GNU) Closing Date, by and between the Collateral Agent and the Initial German Borrower. 

  
 66 

 “German Borrowers” shall mean the Initial German Borrower and each German
Subsidiary of the Company that executes a counterpart hereto and to any other applicable Credit Document to become a Revolving Borrower, whether on the European (GNU) Closing Date or after the European (GNU) Closing Date in accordance with
Section 2.21. 
 “German Borrowing Base” shall mean, at the time of any determination, for each
German Borrower, an amount equal to the sum of the Dollar Equivalent, without duplication, of 
 (a) 85% of the aggregate
Outstanding Balance of Eligible European (GNU) Accounts of such German Borrower at such time; minus 
 (b) any
Reserves established or modified from time to time by the Administrative Agent in the exercise of its Permitted Discretion in accordance with the provisions of Section 2.22. 

Each German Borrowing Base at any time shall be determined by reference to the most recent Borrowing Base Certificate delivered to the Administrative Agent
pursuant to Section 8.20(a), adjusted, in the Administrative Agent’s Permitted Discretion (pending the delivery of a new Borrowing Base Certificate), to reflect the impact of any Significant Disposition (or any event
or circumstance which, pursuant to the eligibility rules set forth in the definition of Eligible Account, renders any such Account ineligible for inclusion in such German Borrowing Base after delivery of the most recent Borrowing Base Certificate).
The Administrative Agent shall have the right (but no obligation) to review the computations in any Borrowing Base Certificate and if such computations have not been calculated in accordance with the terms of this Agreement, the Administrative Agent
shall have the right, in consultation with the Company, to correct any such errors in such manner as it shall reasonably determine and the Administrative Agent will notify the Company in writing promptly after making any such correction. 

“German Credit Party” shall mean the German Borrowers and each German Subsidiary Guarantor. 

“German Dilution Reserve” shall mean, at any date, (a) the amount by which the consolidated Dilution Ratio of Eligible
European (GNU) Accounts of the German Borrowers exceeds five percent (5%) multiplied by (b) the Eligible European (GNU) Accounts of the German Borrowers on such date. 

“German Global Assignment Agreement” shall mean the global assignment agreement governed by German law dated as of the
European (GNU) Closing Date, by and between the Collateral Agent and the Initial German Borrower. 
 “German Line Cap”
shall mean, at any time, an amount that is equal to the lesser of (a) the German Revolving Commitments and (b) the German Borrowing Base. 

“German Priority Payables Reserves” shall mean reserves in respect of (a) in relation to Accounts, any VAT invoiced to
the customer but not yet paid the relevant tax authority and (b) an amount of 9 percent on the aggregate nominal amount of any Accounts and the book value of any inventory payable to a potential insolvency administrator only to the extent such
amounts enjoy priority as a matter of applicable law over the claims of the Secured Creditors. 

  
 67 

 “German Qualifying Lender” shall mean a Lender which is beneficially entitled to
interest payable to that Lender in respect of any amounts hereunder and is: 
 (a) resident for tax purposes in Germany; 

(b) lending through a lending office (through which the Lender will perform its obligations under this Agreement) in Germany to which the
relevant interest payment is effectively attributable for tax purposes; or 
 (c) a German Treaty Lender. 

“German Restricted Subsidiary” shall mean any German Subsidiary that is a Restricted Subsidiary. 

“German Revolving Commitment” shall mean, with respect to each European (GNU) Revolving Lender, the commitment, if any, of
such Lender to make European (GNU) Revolving Loans hereunder up to the amount set forth and opposite such Lender’s name on the Commitment Schedule under the caption “German Revolving Commitment,” or in the Assignment and Assumption
Agreement pursuant to which such Lender assumed its German Revolving Commitment, as applicable, as the same may be (a) reduced from time to time pursuant to Section 2.07, (b) reduced or increased from time to time
pursuant to Section 2.20 and (c) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 12.04. 

“German Security Agreement” shall mean the German Global Assignment Agreement and the German Bank Account Pledge. 

“German Subsidiary” shall mean any Subsidiary of the Company incorporated now or hereinafter under the laws of Germany. 

“German Subsidiary Guarantor” shall mean each German Restricted Subsidiary (other than the German Borrowers) in existence on
the European (GNU) Closing Date (other than any Excluded Subsidiary), as well as each German Restricted Subsidiary established, created or acquired after the European (GNU) Closing Date which becomes a party to this Agreement as a Guarantor in
accordance with the requirements of the Collateral and Guarantee Requirement. 
 “German Treaty” shall have the meaning
provided in the definition of “German Treaty State”. 
 “German Treaty Lender” shall mean a Lender which
(a) is treated as a resident of a German Treaty State for the purposes of the German Treaty and (b) does not carry on a business in Germany through a permanent establishment with which that Lender’s participation in the Loan is
effectively connected and (c) is entitled to receive payments of interest without a deduction or withholding for or on account of Tax from a payment under a Credit Document imposed by Germany under the German Treaty (including the completion of
any necessary procedural formalities). 

  
 68 

 “German Treaty State” shall mean a jurisdiction having a double taxation
agreement with Germany (a “German Treaty”) which makes provision for full exemption from tax imposed by Germany on interest. 

“Global Administrative Agent” shall have the meaning provided in the preamble hereto and any successor thereto appointed
pursuant to Section 11.09. 
 “Governmental Authority” shall mean the government of the United
States of America, Canada, France, the Netherlands, the United Kingdom, Germany, Spain, Australia, any other nation or any political subdivision thereof, whether state, provincial, municipal or local, and any agency, authority, instrumentality,
regulatory body, intergovernmental body, department, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government (including any
supra-national bodies such as the European Union or the European Central Bank). 
 “Guaranteed Creditors” shall mean the
Secured Creditors. 
 “Guaranteed Party” shall mean with respect to any Credit Party, any other Credit Party the
Obligations of which other Credit Party are Guaranteed by such Credit Party pursuant to this Agreement and any other Credit Document. 

“Guarantees” shall mean the Credit Party Guarantees and all additional guarantees required to be entered into pursuant to
Section 8.15, 8.16 or 8.19. 
 “Guarantor” shall mean each Borrower (other than
with respect to its own Obligations) and each Subsidiary Guarantor. 
 “Hazardous Materials” shall mean (a) any
petroleum or petroleum products, radioactive materials, asbestos that is or could become friable, urea formaldehyde foam insulation, polychlorinated biphenyls, and radon gas; (b) any chemicals, materials or substances defined as or included in
the definition of the terms “hazardous substances,” “hazardous waste,” “hazardous materials,” “extremely hazardous substances,” “restricted hazardous waste,” “toxic substances,” or words of
similar import, under any applicable Environmental Law; and (c) any other chemical, material or substance which is regulated, or which would reasonably be expected to give rise to liability under any Environmental Law. 

“Hedging Agreement” shall mean any agreement with respect to any interest rate swap, interest rate cap, interest rate collar,
commodity swap, commodity cap, commodity collar, commodity option, foreign exchange, currency swap or similar agreement (including equity derivative agreements) providing for the transfer, modification or mitigation of interest rate, currency,
commodity risks or equity risks either generally or under specific contingencies. 
 “Hedging Obligations” shall mean, with
respect to any Person, the obligations of such Person under any Hedging Agreement owed to Secured Hedge Banks. 

  
 69 

 “Historical Financial Statements” shall mean (a) audited consolidated
balance sheets of the Company and its consolidated Subsidiaries as at the end of, and related audited consolidated statements of operations, comprehensive earnings (loss), shareholders’ equity and cash flows of the Company and its consolidated
Subsidiaries for, the fiscal year ended December 31, 2016 and (b) an unaudited consolidated balance sheet of the Company and its consolidated Subsidiaries as at the end of, and related unaudited consolidated statements of operations and
cash flows of the Company and its subsidiaries for the nine month period ended September 30, 2017. 
 “HMT” shall
have the meaning provided in the definition of the term “Sanctions”. 
 “Immaterial Subsidiary” shall mean, at
any date of determination, any Restricted Subsidiary of the Company now existing or hereafter acquired or formed (a) whose total assets (when combined with the assets of such Restricted Subsidiary’s Subsidiaries, after eliminating
intercompany obligations) at the last day of the Test Period most recently ended on or prior to such determination date were an amount equal to or less than 5% of the Consolidated Total Assets of the Company and its Restricted Subsidiaries at such
date and (b) whose gross revenues (when combined with the revenues of such Restricted Subsidiary’s Subsidiaries, after eliminating intercompany obligations) for such Test Period were an amount equal to or less than 5% of the consolidated
gross revenues of the Company and its Restricted Subsidiaries for such Test Period, in each case determined in accordance with GAAP. Schedule 1.01C sets forth each Restricted Subsidiary that is an Immaterial Subsidiary on and as of the
Initial Closing Date. 
 “Increase Date” shall have the meaning provided in Section 2.15(b). 

“Increase Loan Lender” shall have the meaning provided in Section 2.15(b). 

“Incremental Revolving A Commitment Agreement” shall have the meaning provided in Section 2.15(d).

 “Incur” or “incur” shall mean create, incur, issue, assume, guarantee or otherwise become directly or
indirectly liable, contingently or otherwise, with respect to any Indebtedness or any Lien in respect thereof. The term “Incurrence” or “incurrence” when used as a noun shall have a correlative meaning. 

“Indebtedness” of any Person means, without duplication: 

(d) all indebtedness of such Person for borrowed money; 

(e) all obligations evidenced by bonds, notes, debentures and other debt securities of such Person; 

(f) the deferred purchase price of capital assets or services that in accordance with GAAP would be shown on the liability side of the balance
sheet of such Person; 
 (g) the face amount of all letters of credit (including standby and commercial letters of credit) issued for the
account of such Person and, without duplication, all drafts drawn thereunder (after giving effect to any prior drawings or reductions which may have been reimbursed); 

  
 70 

 (h) all obligations, contingent or otherwise, of such Person in respect of bankers’
acceptances, surety bonds, appeal bonds, performance bonds and similar instruments or obligations issued or created by or for the account of such Person; 

(i) all indebtedness of a second Person secured by any Lien on any property owned by such first Person, whether or not such indebtedness has
been assumed by such Person or is limited in recourse; 
 (j) all Capitalized Lease Obligations of such Person; 

(k) all obligations of such Person with respect to asset securitization financing; 

(l) all obligations of such Person to pay a specified purchase price for goods or services whether or not delivered or accepted, in each case
that in accordance with GAAP would be shown on the liability side of the balance sheet of such Person; 
 (m) all net obligations of such
Person under Hedging Agreements; 
 (n) all obligations of such Person in respect of Disqualified Stock; and 

(o) to the extent not otherwise included, any obligation by such Person to be liable for, or to pay, as obligor, guarantor or otherwise, on the
obligations of the type referred to in clause (a) through (k) of a third Person (whether or not such items would appear upon the balance sheet of such obligor or guarantor), other than by endorsement of negotiable instruments for
collection in the ordinary course of business; 
 provided, however, that (i) Indebtedness shall not include (A) trade payables
payable in the ordinary course of business, (B) deferred revenue, (C) taxes and other accrued expenses, and (D) any earn-out obligation to the extent such obligation is not shown as a liability
on the balance sheet of such Person in accordance with GAAP and is not paid after becoming due and payable, shall not constitute Indebtedness and (ii) Indebtedness of any Person shall in any event shall include (without duplication) the
Indebtedness of any other entity (including any general partnership in which such Person is a general partner) to the extent such Person is liable thereon as a result of such Person’s ownership interest in or other relationship with such
entity, except to the extent the terms of such Indebtedness provide expressly that such Person is not liable thereon. The amount of any net obligations under any Hedging Agreement on any date shall be deemed to be the swap termination value thereof
as of such date. The amount of Indebtedness of any Person for purposes of clause (f) above which has not been assumed by such first Person shall be deemed to be equal to the lesser of (1) the aggregate unpaid amount of such Indebtedness
and (2) the Fair Market Value of the property encumbered thereby. 
 “Indemnified Liabilities” shall have the meaning
provided in Section 12.01(a). 
 “Indemnified Person” shall have the meaning provided in
Section 12.01(a). 
 “Indemnified Taxes” shall mean (a) Taxes, other than Excluded Taxes
imposed on or with respect to any payment made by or on account of any Obligation of a Borrower under any Credit Document and (b) to the extent not otherwise described in (a), Other Taxes. 

  
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 “Independent Financial Advisor” shall mean an accounting, appraisal, investment
banking firm or consultant to Persons engaged in Similar Businesses of nationally recognized standing that is, in the good faith judgment of the Company, qualified to perform the task for which it has been engaged. 

“Initial Australian Borrower” shall have the meaning provided in the recitals hereto and shall include any successor thereto
permitted under Section 9.11. 
 “Initial Canadian Borrower” shall have the meaning provided in
the recitals hereto and shall include any successor thereto permitted under Section 9.11. 
 “Initial
Closing Date” shall mean December 20, 2017. 
 “Initial Closing Date Restricted
Non-Credit Party Subsidiary” shall mean each Subsidiary of the Company listed on Schedule 1.01D. 

“Initial Dutch Borrower” shall have the meaning provided in the recitals hereto and shall include any successor thereto
permitted under Section 9.11. 
 “Initial Dutch Borrower Payables Reserve” shall mean, with
respect to any third party trade payables due and owing by the Initial Dutch Borrower, a reserve established by the Administrative Agent in its Permitted Discretion in accordance with the provisions of Section 2.22 in
respect of the liabilities owed by the Initial Dutch Borrower relating to such third party trade payables. 
 “Initial European
(GNU) Borrowers” shall have the meaning provided in the recitals hereto and shall include any successor thereto permitted under Section 9.11. 

“Initial French Borrower” shall have the meaning provided in the recitals hereto and shall include any successor thereto
permitted under Section 9.11. 
 “Initial German Borrower” shall have the meaning provided in the
recitals hereto and shall include any successor thereto permitted under Section 9.11. 
 “Initial Spanish
Borrower” shall have the meaning provided in the recitals hereto and shall include any successor thereto permitted under Section 9.11. 

“Initial U.K. Borrowers” shall have the meaning provided in the recitals hereto and shall include any successor thereto
permitted under Section 9.11. 
 “Initial U.S. Borrowers” shall have the meaning provided in the
recitals hereto and shall include any successor thereto permitted under Section 9.11. 
 “Insolvency
Regulation” shall mean Regulation (EU) 2015/848 of 20 May 2015 on insolvency proceedings (recast). 

  
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 “Intellectual Property” shall mean all worldwide rights in and to
(a) patents, (b) trademarks, service marks, trade names, trade dress, trade styles, domain names and other identifiers of source or goodwill, (c) copyrights and works subject to copyright law, (d) computer software, data and
databases, (e) industrial designs and other protections for designs, (f) inventions, discoveries, trade secrets, know-how and other proprietary or confidential information, and (g) issuances,
registrations or applications for any of the foregoing. 
 “Intercompany Subordination Agreement” shall mean an
intercompany subordination agreement, substantially in the form of Exhibit L hereto, which, subject to Section 8.16 shall be executed by the Company, each Restricted Subsidiary of the Company and each other Credit
Party, together with any joinders thereto. 
 “Interest Period” shall mean, as to any Borrowing of a Eurocurrency Rate
Loan, a Canadian CDOR Rate Loan or an Australian Bill Rate Loan, the period commencing on the date of such Borrowing or on the last day of the immediately preceding Interest Period applicable to such Borrowing, as applicable, and ending on the
numerically corresponding day (or, if there is no numerically corresponding day, on the last day) in the calendar month that is one, two, three or six months thereafter, as the Relevant Borrower may elect, or the date any Borrowing of a Eurocurrency
Rate Loan, a Canadian CDOR Rate Loan or an Australian Bill Rate Loan is converted to a Borrowing of a U.S. Base Rate Loan, Foreign Base Rate Loan, Australian Base Rate Loan or Canadian Base Rate Loan in accordance with
Section 2.08 or repaid or prepaid in accordance with Section 2.07 or Section 2.09; provided that, 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. Interest
shall accrue from and including the first day of an Interest Period to but excluding the last day of such Interest Period. 
 “In-Transit Eligibility Alternate Condition Date” shall mean the earlier to occur of (a) the date on which Initial Dutch Borrower is the importer of record of all Eligible
In-Transit Inventory being shipped to any Inventory Approved Country and (b) the date upon which written notice to elect that the In-Transit Eligibility Alternate
Condition Date be effective has been delivered by the Company to the Administrative Agent, or such later date as the Administrative Agent shall agree in its sole discretion. 

“In-Transit Inventory Trigger Period” shall mean each period beginning on a date when
(a) an Event of Default has occurred and is continuing or (b) Total Excess Availability is less than the greater of (i) 15% of the Line Cap and (ii) $150,000,000, and ending on such date as (x) no Event of Default shall have
existed and (y) Total Excess Availability has been at least equal to the greater of (i) 15% of the Line Cap and (ii) $150,000,000 for a period of 30 consecutive calendar days. 

“Inventory” shall mean all “inventory,” as such term is defined in the UCC (or with respect to any Canadian Credit
Party, the PPSA) or, with respect to Inventory owned by any French Credit Party, Spanish Credit Party, European (GNU) Credit Party or Australian Credit Party, all raw materials, work in progress and finished goods legally and beneficially owned, in
any such case, wherever located, in which any Person now or hereafter has rights. 

  
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 “Inventory Approved Countries” shall mean (a) the United States, Canada,
and Australia; and (b) solely to the extent the applicable Additional Inventory Security Actions have been completed for such jurisdictions, and with respect only to Inventory owned by the Dutch Borrower, the United Kingdom (but limited solely
to that certain distribution center in the United Kingdom located at Mattel Europa B.V., GBDC, Eurohub, Long Croft Road, Corby, NN18 8EY, United Kingdom, or at such other location in the United Kingdom as shall be agreed by the Administrative Agent
in its Permitted Discretion (Administrative Agent hereby agrees to the distribution center in the United Kingdom located at Unit B, Roman Avenue, Optimus Point, Glenfield, Leicester, LE3 8JT United Kingdom) and/or France (but limited solely to
that certain distribution center in France located at Mattel Europa B.V., FRDC ZI portuaire de Fos Distriport, Porte d’Asie, Rue Shangai BAT 8, 13230 PORT SAINTLOUIS, France, or at such other location in France as shall be agreed by the
Administrative Agent in its Permitted Discretion). 
 “Investment Grade Rating” shall mean a rating equal to or higher than
Baa3 (or the equivalent) by Moody’s and BBB- (or the equivalent) by S&P, or if the applicable securities are not then rated by Moody’s or S&P, an equivalent rating by any other Rating Agency.

 “Investments” shall mean, with respect to any Person, all investments by such Person in other Persons (including
Affiliates) in the form of loans (including guarantees), advances or capital contributions (excluding accounts receivable, trade credit, advances to customers and distributors, commission, travel and similar advances to employees, directors,
officers, managers, distributors and consultants, in each case made in the ordinary course of business), purchases or other acquisitions for consideration of Indebtedness, Equity Interests or other securities issued by any other Person and
investments that are required by GAAP to be classified on the balance sheet (excluding the footnotes) of the Company in the same manner as the other investments included in this definition to the extent such transactions involve the transfer of cash
or other property. For purposes of Section 8.19(a), “Investments” shall include (a) the portion (proportionate to the Company’s Equity Interest in such Subsidiary) of the book value of the net assets of
a Subsidiary of the Company at the time that such Subsidiary is designated an Unrestricted Subsidiary and (b) any property transferred to or from an Unrestricted Subsidiary shall be valued at its book value at the time of such transfer. The
amount of any Investment outstanding at any time shall be the original cost of such Investment, reduced by any dividend, distribution, interest payment, return of capital, repayment or other amount received in Cash Equivalents or other property by
the Company or a Restricted Subsidiary in respect of such Investment. 
 “IP Net Orderly Liquidation Value” shall mean,
with respect to any Eligible U.S. Intellectual Property, the net orderly liquidation value of such Intellectual Property as determined in the applicable Appraisal most recently delivered to the Administrative Agent. 

“IRS” shall mean the United States Internal Revenue Service. 

“Issuing Bank” shall mean the Canadian Issuing Bank, the U.S. Issuing Bank, the French Issuing Bank, the Spanish Issuing
Bank, the European (GNU) Issuing Bank and/or the Australian Issuing Bank, as the context requires. 

  
 74 

 “ITA” shall mean the Income Tax Act (Canada), as amended, and any successor
thereto, and any regulations promulgated thereunder. 
 “Joint Lead Arrangers” shall mean Citibank, N.A., Wells Fargo Bank,
N.A., HSBC Bank USA, National Association, Mizuho Bank, Ltd., MUFG Union Bank, N.A. and Royal Bank of Canada, in their respective capacities as joint lead arrangers and joint bookrunners, as applicable, under this Agreement. 

“Judgment Currency” shall have the meaning provided in Section 12.21. 

“Junior Debt” shall have the meaning provided in Section 9.04(c). 

“Junior Debt Documents” shall mean (a) any documents, indentures or other agreements evidencing, governing or relating
to any Junior Debt and (b) such agreements with respect to any Permitted Refinancing thereof. 
 “Latest Maturity
Date” shall mean, at any date of determination, the latest maturity date applicable to any Loan or Commitment under any Revolving A Subfacility or the Revolving B Facility hereunder as of such date of determination. 

“LC Collateral Accounts” shall mean, collectively, the U.S. LC Collateral Account and the Foreign LC Collateral Account. 

“LC Commitment” shall mean the commitment of the Issuing Banks to issue Letters of Credit pursuant to
Section 2.13. 
 “LC Credit Extension” shall mean any Canadian LC Credit Extension, U.S. LC
Credit Extension, French LC Credit Extension, Spanish LC Credit Extension, European (GNU) LC Credit Extension or Australian LC Credit Extension. 

“LC Disbursement” shall mean any Canadian LC Disbursement, U.S. LC Disbursement, French LC Disbursement, Spanish LC
Disbursement, European (GNU) LC Disbursement or Australian LC Disbursement. 
 “LC Documents” shall mean the Canadian LC
Documents, the U.S. LC Documents, the French LC Documents, the Spanish LC Documents, the European (GNU) LC Documents and the Australian LC Documents. 

“LC Exposure” shall mean, collectively, the Canadian LC Exposure, the U.S. LC Exposure, the French LC Exposure, the Spanish
LC Exposure, the European (GNU) LC Exposure and the Australian LC Exposure. 
 “LC Initial Closing Date Commitment” shall
mean (a) in the case of Wells Fargo Bank, N.A. or any Affiliate or branch of Wells Fargo Bank, N.A., $50,000,000, (b) in the case of Citibank, N.A. or any Affiliate or branch of Citibank, N.A., $52,500,000, and (c) in the case of BANA
or any Affiliate or branch of BANA, $57,500,000. 

  
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 “LC Obligations” shall mean the Canadian LC Obligations, the U.S. LC
Obligations, the French LC Obligations, the Spanish LC Obligations, the European (GNU) LC Obligations and/or the Australian LC Obligations. 

“LC Participation Fee” shall have the meaning provided in Section 2.05(c)(i). 

“LC Request” shall mean a request by a Revolving Borrower in accordance with the terms of
Section 2.13(b) in form and substance reasonably satisfactory to the applicable Issuing Bank. 
 “LC
Sublimit” shall mean the sum of the Canadian LC Sublimit, the U.S. LC Sublimit, the French LC Sublimit, the European (GNU) LC Sublimit and the Australian LC Sublimit. 

“Legal Reservations” shall mean (a) the principle that equitable remedies may be granted or refused at the discretion of
a court and the limitation of enforcement by laws relating to insolvency, reorganisation and other laws generally affecting the rights of creditors, (b) the time barring of claims under the Limitation Acts, the possibility that an undertaking
to assume liability for or indemnify a person against non-payment of UK stamp duty may be void and defences of set-off or counterclaim and (c) similar principles,
rights and defences under the laws of any relevant jurisdiction. 
 “Lender” shall mean each financial institution listed
on the Commitment Schedule, as well as any Person that becomes a “Lender” hereunder pursuant to Section 2.15, 3.04 or 12.04. 

“Lender Loss Sharing Agreement” shall mean the Lender Loss Sharing Agreement entered into by each Lender as of the Initial
Closing Date and each other Lender becoming party to this Agreement via an Assignment and Assumption Agreement or otherwise after the Initial Closing Date, in form and substance reasonably acceptable to the Administrative Agent. 

“Letter of Credit” shall mean any Canadian Letter of Credit, U.S. Letter of Credit, French Letter of Credit, Spanish Letter
of Credit, European (GNU) Letter of Credit and Australian Letter of Credit. 
 “Letter of Credit Expiration Date” shall
mean the fifth Business Day prior to the Maturity Date, or such other date as the Administrative Agent and the applicable Issuing Bank shall agree at the time of issuance. 

“LIBOR” shall have the meaning provided in the definition of the term “Eurocurrency Rate”. 

“LIBOR Quoted Currency” shall mean each of the following currencies: Dollars; Euros; and Pounds Sterling; in each case as
long as there is a published LIBOR rate with respect thereto. 
 “Lien” shall mean with respect to any asset, any mortgage,
lien (statutory or otherwise), pledge, hypothecation, charge, security interest, preference, trust (statutory, deemed, constructive or otherwise) priority or encumbrance of any kind in respect of such asset, whether or not filed, recorded or
otherwise perfected under applicable Requirement of Law, including any conditional sale or other title retention agreement, any lease in the nature thereof, any “security interest” as 

  
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defined in sections 12(1) and 12(2) of the Australian PPSA or any other agreement to give a security interest in and any filing of or agreement to give any financing statement under the UCC (or
equivalent statutes, including the PPSA and Australian PPSA) of any jurisdiction; provided that in no event shall an operating lease be deemed to constitute a Lien. 

“Limitation Acts” shall mean the Limitation Act 1980 and the Foreign Limitation Periods Act 1984. 

“Limiting License Inventory” shall mean any Inventory that (a) is subject to a license agreement that has restrictions
on granting Liens in the applicable Borrower’s interest in such license agreement or any Inventory subject to such license agreement or restrictions on any Borrower’s rights to transfer such license agreement or any rights thereunder or
any Inventory subject to such license agreement (collectively the “Licensing Restrictions”); and (b) either (i) both (A) the Company and the Administrative Agent have agreed in writing is Limiting License Inventory; and
(B) in respect of which the Administrative Agent is satisfied in its Permitted Discretion that it could sell such Inventory on satisfactory terms upon the occurrence of an Event of Default or (ii) the Licensing Restrictions applicable to
such Inventory are no more restrictive than the Licensing Restrictions with respect to Inventory subject to clause (i) of this clause (b). 

“Line Cap” shall mean, at any time, an amount that is equal to the lesser of (a) the Revolving Commitments at such time
and (b) the aggregate Borrowing Bases at such time. 
 “Loans” shall mean advances and/or loans made to or at the
instructions of a Borrower pursuant to Section 2 hereof and may constitute Revolving Loans or Swingline Loans. 

“Local Time” shall mean, (a) with respect to the U.S. Revolving A Subfacility and the Revolving B Facility, Chicago
time, (b) with respect to the Canadian Revolving Subfacility, Toronto time, (c) with respect to the French Revolving Subfacility, London time, (d) with respect to the Spanish Revolving Subfacility, Madrid time, (e) with respect
to the European (GNU) Revolving Subfacility, London time, (f) with respect to the Australian Revolving Subfacility, Australian Eastern time, and (g) with respect to all notices and determinations in connection with, and payments of
principal and interest on, Eurocurrency Rate Loans denominated in Euros or Pounds Sterling, Greenwich Mean Time. 
 “Margin
Stock” shall have the meaning provided in Regulation U. 
 “Material Adverse Effect” shall mean any circumstance
or condition affecting the business or financial condition of the Company and its Restricted Subsidiaries taken as a whole that would, individually or in the aggregate, reasonably be expected to materially adversely affect, (a) the ability of
the Company and the other Credit Parties, taken as a whole, to perform their obligations under the Credit Documents or (b) the rights and remedies of the Administrative Agent, the Collateral Agent, the Australian Security Trustee, the Issuing
Lenders or the Lenders under the Credit Documents. 
 “Material Contract” shall mean any agreement or arrangement to which
any Credit Party or any Restricted Subsidiary is party (other than the Credit Documents) (a) that is deemed to be a material contract under any securities law applicable to such Person, including the Securities Act; or (b) for which
breach, termination, nonperformance or failure to renew could reasonably be expected to have a Material Adverse Effect. 

  
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 “Material Subsidiary” shall mean each Restricted Subsidiary of the Company that
is not an Immaterial Subsidiary. For the avoidance of doubt, all Credit Parties (other than the Company) shall be deemed to constitute “Material Subsidiaries”. 

“Mattel SPV” shall have the meaning provided in the definition of the term “Supplier Financing Transaction”. 

“Maturity Date” shall mean the date that is three (3) years after the Initial Closing Date. 

“Modified Applicable Margin” shall mean the per annum percentage set forth below, as determined by the Average Availability
as of the most recent Adjustment Date: 
  

							
	 Level
	  	Average Availability
(percentage of Line
Cap)	  	U.S. Base Rate
Loans	  	Eurocurrency
Rate Loans
	 I
	  	3 75%	  	0.75%	  	1.75%
	 II
	  	3 50% < 75%	  	1.00%	  	2.00%
	 III
	  	3 25% < 50%	  	1.25%	  	2.25%
	 IV
	  	< 25%	  	1.50%	  	2.50%

 Until March 31, 2018, the Modified Applicable Margin shall be determined as if Level II were
applicable. Thereafter, the Modified Applicable Margin shall be subject to increase or decrease on each Adjustment Date based on Average Availability, as determined by the Administrative Agent’s system of record, and each such increase or
decrease in the Modified Applicable Margin shall be effective on the Adjustment Date occurring immediately after the last day of the fiscal quarter most recently ended. If the Revolving Borrowers fail to deliver any Borrowing Base Certificate on or
before the date required for delivery thereof, then the Modified Applicable Margin shall be determined as if Level IV were applicable, from the first day of the calendar month following the date such Borrowing Base Certificate was required to
be delivered until two Business Days after the date of delivery of such Borrowing Base Certificate. 
 “MOO” shall have the
meaning provided in Section 5.01(a). 
 “Moody’s” shall mean Moody’s Investors Service,
Inc., or any successor thereto. 
 “Mortgage” shall mean a mortgage, debenture, leasehold mortgage, deed of trust, deed of
immovable hypothec, leasehold deed of trust, deed to secure debt, leasehold deed to secure debt or similar security instrument in form and substance reasonably satisfactory to the Administrative Agent, in favor of the Collateral Agent for the
benefit of the Secured Creditors. 
 “Mortgaged Property” shall mean Real Property (including any fixtures thereon) owned
by a U.S. Credit Party that is subject to a Mortgage. 

  
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 “Multiemployer Plan” shall mean a “multiemployer plan” of the type
described in Section 4001(a)(3) of ERISA to which the Company 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. 

“NAIC” shall mean the National Association of Insurance Commissioners. 

“Net Income” shall mean, with respect to any Person, the net income (loss) of such Person, determined in accordance with
GAAP. 
 “Net Orderly Liquidation Value” shall mean, as of any date of determination, with respect to any Inventory, the
“net orderly liquidation value” of such Inventory, expected to be realized at an orderly, negotiated sale of such Inventory and determined from the most recent Appraisal of the Revolving Borrowers’ Inventory received by the
Administrative Agent, less the amount estimated by the appraiser for marshaling, reconditioning, carrying, sales expenses, operating expenses, administration expenses and commissions designated to maximize the resale value of such Inventory and
assuming that the time required to dispose of such Inventory is customary with respect to such Inventory and expressed as a percentage of the Cost of such Inventory. 

“New Lender” shall mean each Lender that becomes a party to this Agreement after the Initial Closing Date. 

“Non-Cooperative Jurisdiction” means a
“non-cooperative state or territory” (Etat ou territoire non coopératif) as set out in the list referred to in Article 238-0 A of the French tax
code (Code général des impôts), as such list may be amended from time to time. 
 “Non-Defaulting Lender” shall mean and include each Lender other than a Defaulting Lender. 

“Non-LIBOR Quoted Currency” shall mean any currency other than a LIBOR Quoted
Currency. 
 “Non-Public Lender” shall mean any person/entity which does not belong
to the “public” within the meaning of CRR. 
 “North American Minimum Requirement” shall mean that at no time
shall the sum of the Canadian Revolving Commitment plus the U.S. Revolving A Commitment plus the Revolving B Commitment comprise less than 66% of the total Revolving Commitments. 

“Note” shall mean each Revolving Note or Swingline Note, as applicable. 

“Notice of Borrowing” shall mean a notice substantially in the form of Exhibit
A-1 hereto. 
 “Notice of Conversion/Continuation” shall mean a notice
substantially in the form of Exhibit A-2 hereto or such other form as may be agreed by the Administrative Agent and the Company. 

  
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 “Notice Office” shall mean, with respect to each Revolving A Subfacility and the
Revolving B Facility, Bank of America, N.A., CA9-193-13-33, 333 South Hope Street, 13th Floor, Los Angeles, CA 90071; Attention:
Stephen King (email: Stephen.J.King@baml.com) with a copy to Phuong Nguyen (pnnguyen@baml.com); or such other offices or persons as the Administrative Agent may hereafter designate in writing as such to the other parties hereto. 

“Obligations” shall mean (a) all now existing or hereafter arising debts, obligations, covenants, and duties of payment
or performance of every kind, matured or unmatured, direct or contingent, owing, arising, due, or payable to any Lender, Agent or Indemnified Person by any Credit Party, now existing or hereafter incurred under, or arising out or in connection with,
this Agreement or any other Credit Document, including, without limitation, all obligations to repay principal or interest (including interest accruing after the commencement of any proceedings under any applicable Debtor Relief Laws in any
jurisdiction, regardless of whether allowed or allowable in such proceeding, including, for the avoidance of doubt, any such interest which, but for the automatic stay under Section 362(a) of the Bankruptcy Code or a stay under any proceedings
under any applicable Debtor Relief Laws in any jurisdiction would become due) on the Loans, and to pay interest, fees, costs, charges, expenses, professional fees, all sums chargeable to the Borrowers or any other Credit Party or for which any
Borrower or any other Credit Party is liable as indemnitor under the Credit Documents, whether or not evidenced by any note or other instrument (including, indemnities, fees, interest and other amounts accruing after the commencement of any
proceedings under any applicable Debtor Relief Laws in any jurisdiction, regardless of whether allowed or allowable in such proceeding), whether or not evidenced by any note or other instrument, now existing or hereafter incurred under, arising out
of or in connection with, this Agreement and each other Credit Document to which any Credit Party is a party and the due compliance by the Credit Parties with all the terms, conditions and agreements contained in this Agreement and in each such
other Credit Document and (b) all Secured Bank Product Obligations and the due performance and compliance with all terms, conditions and agreements contained therein; provided, however, that for purposes of the Credit Party
Guarantees and each other guarantee agreement or other instrument or document executed and delivered pursuant to this Agreement, the term “Obligations” shall not, as to any Guarantor, include any Excluded Swap Obligations of such
Guarantor. Notwithstanding anything to the contrary contained above, (i) at the option of the Company, obligations of any Credit Party under any Secured Bank Product Obligations shall be secured and guaranteed pursuant to the Credit Documents
only to the extent that, and for so long as, the other Obligations are so secured and guaranteed and (ii) any release of Collateral or Guarantors effected in the manner permitted by this Agreement shall not require the consent of holders of
obligations under Secured Bank Product Obligations. 
 “OFAC” shall mean the Office of Foreign Assets Control of the United
States Department of the Treasury. 
 “Other Taxes” shall mean any and all present or future stamp, court or documentary,
intangible, recording, filing or similar Taxes arising from any payment made under, from the execution, delivery, registration, performance or enforcement of, from the receipt or perfection of a security interest under, or otherwise with respect to,
any Credit Document; provided, however, that Other Taxes shall not include any Excluded Taxes or any Taxes that are Other Connection Taxes imposed with respect to an assignment (other than an assignment pursuant to a request by the
Company under Section 3.04). 

  
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 “Outstanding Amount” shall mean (a) with respect to Loans on any date, the
Dollar Equivalent amount of the aggregate outstanding principal amount thereof after giving effect to any borrowings and prepayments or repayments of such Loans occurring on such date; (b) with respect to Swingline Loans on any date, the
aggregate outstanding principal amount thereof after giving effect to any borrowings and prepayments or repayments of such Swingline Loans occurring on such date; and (c) with respect to any LC Obligations on any date, the Dollar Equivalent
amount of the aggregate outstanding amount of such LC Obligations on such date after giving effect to any LC Credit Extension occurring on such date and any other changes in the aggregate amount of the LC Obligations as of such date, including as a
result of any reimbursements by the Relevant Borrower of Unreimbursed Amounts. 
 “Outstanding Balance” of any Account at
any time shall mean the Dollar Equivalent of the then outstanding face amount thereof. 
 “Overadvance” shall have the
meaning provided in Section 2.17. 
 “Overadvance Loan” shall mean (a) a U.S. Base Rate Loan
made when an Overadvance exists or is caused by the funding thereof under the U.S. Revolving A Subfacility or the Revolving B Facility, (b) a Canadian Prime Loan and/or Canadian Base Rate Loan made when an Overadvance exists or is caused by the
funding thereof under the Canadian Revolving Subfacility, (c) a Foreign Base Rate Loan made when an Overadvance exists or is caused by the funding thereof under the French Revolving Subfacility, (d) a Foreign Base Rate Loan made when an
Overadvance exists or is caused by the funding thereof under the Spanish Revolving Subfacility, (e) a Foreign Base Rate Loan made when an Overadvance exists or is caused by the funding thereof under the European (GNU) Revolving Subfacility or
(f) an Australian Base Rate Loan made when an Overadvance exists or is caused by the funding thereof under the Australian Revolving Subfacility. 

“Parallel Obligations” shall have the meaning provided in Section 11.19. 

“Participant” shall have the meaning provided in Section 12.04(f). 

“Participating Member State” shall mean any member state of the European Union that has the Euro as its lawful currency in
accordance with legislation of the European Union relating to Economic and Monetary Union. 
 “Patriot Act” shall have the
meaning provided in Section 12.15. 
 “Payment Conditions” means, with respect to any Specified
Transaction, the satisfaction of the following conditions: 
 (a) as of the date of any such Specified Transaction and immediately after
giving effect thereto, no Event of Default has occurred and is continuing; 

  
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 (b) Total Excess Availability (both actual and on a pro forma basis with respect to such
Specified Transaction), during the 30 consecutive day period ending on and including the date of such Specified Transaction, shall be not less than the greater of (i) 12.5% of the Line Cap and (ii) $125,000,000; 

(c) the Consolidated Fixed Charge Coverage Ratio as of the end of the most recently ended Test Period for which Section 8.01 Financials
have been delivered prior to the making of such Specified Transaction, calculated on a pro forma basis, shall be equal to or greater than 1.00 to 1.00; provided that, the Consolidated Fixed Charge Coverage Ratio test described in this
clause (c) shall not apply if Total Excess Availability (both actual and on a pro forma basis with respect to such Specified Transaction) during the 30 consecutive day period ending on and including the date of such Specified Transaction, is
not less than the greater of (i) 17.5% of the Line Cap and (ii) $175,000,000; and 
 (d) to the extent required by the applicable
provisions of this Agreement, the Global Administrative Agent shall have received no later than five (5) Business Days prior to the consummation of such Specified Transaction (or such shorter period as may be agreed to by the Global
Administrative Agent) a certificate of a Responsible Officer of the Company certifying compliance with the preceding clauses and demonstrating (in reasonable detail) the calculations required thereby. 

“Payment in Full Date” shall mean the date on which all Obligations (other than (a) any Secured Bank Product Obligations
and (b) any contingent indemnification obligations or other contingent obligations not then due and payable) have been paid in full, all Commitments have terminated or expired and no Letter of Credit is outstanding (other than any Letter of
Credit that is (i) Cash Collateralized by Cash Collateral held in an LC Collateral Account, in the name of the Administrative Agent and for the benefit of the applicable Issuing Bank, in an amount equal to 103.0% of the LC Exposure with respect
to such Letter of Credit or (ii) backstopped on terms reasonably satisfactory to the applicable Issuing Bank). 
 “Payment
Office” shall mean (a) with respect to the U.S. Revolving A Subfacility and the Revolving B Facility, the office of the Administrative Agent located at Bank of America, N.A., 333 S Hope Street, 13th Floor, Los Angeles, CA 90071;
Attention: Phuong Nguyen, (b) with respect to the Canadian Revolving Subfacility, the office of the Administrative Agent located at Bank of America, N.A., 333 S Hope Street, 13th Floor, Los Angeles, CA 90071; Attention: Phuong Nguyen,
(c) with respect to the French Revolving Subfacility, the office of the Administrative Agent located at Bank of America, N.A., 333 S Hope Street, 13th Floor, Los Angeles, CA 90071; Attention: Phuong Nguyen, (d) with respect to the Spanish
Revolving Subfacility, the office of the Administrative Agent located at Bank of America, N.A., 333 S Hope Street, 13th Floor, Los Angeles, CA 90071; Attention: Phuong Nguyen, (e) with respect to the European (GNU) Revolving Subfacility, the
office of the Administrative Agent located at Bank of America, N.A., 333 S Hope Street, 13th Floor, Los Angeles, CA 90071; Attention: Phuong Nguyen, and (f) with respect to the Australian Revolving Subfacility, the office of the Administrative
Agent located at Bank of America, N.A., 333 S Hope Street, 13th Floor, Los Angeles, CA 90071; Attention: Phuong Nguyen; or, in each case, such other office as the Administrative Agent may hereafter designate in writing as such to the other parties
hereto. 

  
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 “PBGC” shall mean the Pension Benefit Guaranty Corporation established pursuant
to Section 4002 of ERISA, or any successor thereto. 
 “PCMLTFA” shall mean the Proceeds of Crime (Money Laundering)
and Terrorist Financing Act (Canada). 
 “Pension Act” shall mean the Pension Protection Act of 2006. 

“Pension Funding Rules” shall mean the rules of the Code and ERISA regarding minimum required contributions (including any
installment payment thereof) to Pension 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” shall mean any “employee pension benefit plan” (as such term is defined in Section 3(2) of ERISA), other than a Multiemployer Plan, that is subject to Title IV of ERISA and is sponsored or maintained by the Company or
any ERISA Affiliate or to which the Company or any ERISA Affiliate contributes or has an obligation to contribute, or in the case of a multiple employer plan subject to Section 4064(a) of ERISA, has made contributions at any time during the
immediately preceding five plan years. 
 “Pensions Regulator” shall mean the body corporate called the Pensions Regulator
established under Part I of the Pensions Act 2004. 
 “Perfection Certificate” shall mean the Perfection Certificate
substantially in the form approved by the Collateral Agent and the Australian Security Trustee, as the same may be supplemented from time to time pursuant to Section 8.01(c). 

“Permitted Acquisition” shall mean the acquisition by the Company or any Restricted Subsidiary of an Acquired Entity or
Business; provided that (a) the Board of Directors of the Person to be so acquired, or the Board of Directors of the Person that owns the assets to be so acquired, as the case may be, either (i) shall have approved such acquisition
or (ii) shall not have indicated publicly its opposition to the consummation of such acquisition (which opposition has not been publicly withdrawn), (b) if such acquisition involves the acquisition of Equity Interests of a Person that upon such
acquisition would become a Subsidiary, such acquisition shall result in the issuer of such Equity Interests, or the surviving entity in a merger, consolidation, or amalgamation involving such issuer being or becoming a Restricted Subsidiary and, to
the extent required by Section 8.15 or 8.19, a Guarantor, (c) to the extent required by the Collateral and Guarantee Requirement, such acquisition shall result in the Collateral Agent or Australian Security
Trustee, for the benefit of the Secured Creditors, being granted a security interest in any Capital Stock or any assets so acquired, (d) both immediately prior to and after giving pro forma effect to such acquisition, no Event of Default under
either Section 10.01(a) or (e) shall have occurred and be continuing and (e) immediately after giving pro forma effect to such acquisition, the Company and its Restricted Subsidiaries shall be in compliance
with Section 9.12 if (i) such Permitted Acquisition is a Specified Investment under Section 9.05(d) and clause (c) of the Payment Conditions is applicable thereto or (ii) a Financial
Covenant Triggering Event has occurred and is continuing. 

  
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 “Permitted Acquisition Consideration” shall mean, in connection with any
Permitted Acquisition or other acquisition, the aggregate amount (as valued at the Fair Market Value of such Permitted Acquisition at the time such Permitted Acquisition is made) of, without duplication: (a) the purchase consideration paid or
payable for such Permitted Acquisition, 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 including any and all payments representing the purchase price and any assumptions of Indebtedness and/or Contingent Obligations, “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 and (b) the aggregate amount of Indebtedness Incurred in connection with such Permitted Acquisition;
provided in each case, that any such future payment that is subject to a contingency shall be considered Permitted Acquisition Consideration only to the extent of the reserve, if any, required under GAAP (as determined at the time of the
consummation of such Permitted Acquisition) to be established in respect thereof by the Company or its Restricted Subsidiaries. 

“Permitted Discretion” shall mean the Administrative Agent’s reasonable credit judgment (from the perspective of an
asset-based lender) exercised in good faith in accordance with customary business practices for similar asset-based lending facilities, based upon (a) its consideration of any factor that it reasonably believes could adversely affect the
quantity, quality, mix or value of Borrowing Base Assets (including any applicable Requirements of Law that may inhibit collection of a receivable), the extent, validity, enforceability or priority of the Collateral Agent’s or Australian
Security Trustee’s Liens thereon, or the amount that the Administrative Agent, the Collateral Agent, the Australian Security Trustee, the Lenders or the Issuing Banks could receive in liquidation of any Borrowing Base Assets; (b) a
determination or belief that any collateral report or financial information delivered by any Borrower or Guarantor is incomplete, inaccurate or misleading; or (c) any factor that could create a Default or Event of Default. 

“Permitted Encumbrances” shall mean, with respect to any Mortgaged Property, such exceptions to title as are set forth in the
mortgage title insurance policy delivered with respect thereto, all of which exceptions must be reasonably acceptable to the Administrative Agent. 

“Permitted Investments” shall have the meaning provided in Section 9.05. 

“Permitted Liens” shall have the meaning provided in Section 9.01. 

“Permitted Refinancing” shall mean, with respect to any Person, any modification, refinancing, refunding, renewal,
replacement, redemption, repurchase, defeasance, exchange and/or extension (collectively to “Refinance” or a “Refinancing” or “Refinanced”) of any Indebtedness (any such Indebtedness as so modified,
refinanced, refunded, renewed, replaced, redeemed, repurchased, defeased, exchanged and/or extended, “Refinancing Indebtedness”) of such Person; provided that (a) the principal amount (or, if issued with original issue
discount, the 

  
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aggregate issue price) of such Refinancing Indebtedness does not exceed the principal amount of the Indebtedness so Refinanced except by an amount equal to, without duplication, unpaid accrued
interest, fees and premium (including tender premium) and penalties (if any) thereon, plus upfront fees and original issue discount thereon, plus other reasonable and customary fees and expenses incurred or paid in connection with such
Refinancing, plus an amount equal to any existing commitment unutilized and letters of credit undrawn thereunder; (b) such Refinancing Indebtedness has a final maturity date equal to or later than the final maturity date of, and has a
Weighted Average Life to Maturity equal to or greater than the Weighted Average Life to Maturity of, the Indebtedness being Refinanced; (c) if the Indebtedness being Refinanced is subordinated in right of payment to the Obligations arising
under the Loan Documents, such Refinancing Indebtedness is subordinated in right of payment to the Obligations arising under the Loan Documents on terms, taken as a whole, not materially less favorable to the Secured Creditors than those governing
the Indebtedness being Refinanced; (d)(i) if the Indebtedness being Refinanced is secured by a security interest in the Collateral that is junior in priority to the security interest in the Collateral securing the Obligations and/or subject to
any intercreditor arrangements for the benefit of the Lenders, such Refinancing Indebtedness is not secured or is not subject to intercreditor arrangements on terms, taken as a whole, materially less favorable to the Secured Creditors as those
governing the Indebtedness being Refinanced and (ii) if the Indebtedness being Refinanced is unsecured, such Refinancing Indebtedness is unsecured (unless the Liens securing such Refinancing Indebtedness are otherwise permitted hereunder); (e)
the material terms and conditions of the Refinancing Indebtedness, including mandatory payments and restrictions on payment or incurrence of the Obligations (but excluding, for the avoidance of doubt, interest rates (including through fixed interest
rates), interest margins, rate floors, fees, funding discounts, original issue discounts, and prepayment or redemption premiums to the extent market for such type of Refinancing Indebtedness), are, when taken as a whole, (i) substantially
identical to or not materially less favorable to the Administrative Agent and the Lenders (or more favorable to the lenders or holders providing such Refinancing Indebtedness) than those applicable to the Indebtedness being Refinanced (other than
covenants (including financial maintenance covenants) or other provisions applicable only to periods after the Maturity Date) or (ii) otherwise reasonably acceptable to the Administrative Agent; and a certificate of a Responsible Officer of the
Company shall be delivered to the Administrative Agent at least ten (10) Business Days prior to the incurrence of such Refinancing Indebtedness, together with a reasonably detailed description of the material terms and conditions of such
Refinancing Indebtedness and drafts of the documentation relating thereto, stating that the Company has determined in good faith that such terms and conditions satisfy the requirement of this clause (e), and (f) such Refinancing
Indebtedness is incurred by the Person who is or would have been permitted to be the obligor or guarantor (or any successor thereto) on the Indebtedness being Refinanced. 

“Person” shall mean any individual, partnership, joint venture, firm, corporation, association, limited liability company,
unlimited liability company, trust or other enterprise or any government or political subdivision or any agency, department or instrumentality thereof. 

“Pounds Sterling”, “Sterling” and “£” shall mean the lawful currency of the United
Kingdom. 

  
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 “PPSA” shall mean the Personal Property Security Act (Ontario) and the
regulations thereunder; provided, however, if validity, perfection and effect of perfection and non-perfection of the Collateral Agent’s Lien on any applicable Collateral are governed by the
personal property security Requirements of Law of any Canadian jurisdiction other than Ontario, PPSA shall mean those personal property security Requirements of Law (including the Civil Code of Quebec) in such other jurisdiction for the purposes of
the provisions hereof relating to such validity, perfection and effect of perfection and non-perfection and for the definitions related to such provisions, as from time to time in effect. 

“Prime Rate” shall mean the rate of interest announced by BANA from time to time as its prime rate. BANA bases such rate on
various factors, including its costs and desired return, general economic conditions and other factors, and uses the rate as a reference point for pricing some loans, which may be priced at, above or below such rate. Any change in such rate publicly
announced by BANA shall take effect at the opening of business on the day specified in the announcement. 
 “Priority Lien”
shall have the meaning provided in the definition of the term “Canadian Priority Payables”. 
 “Pro Rata
Percentage” of any Lender at any time shall mean, as applicable, either (a) the percentage of the total Revolving A Commitments and Revolving B Commitments represented by such Lender’s Revolving A Commitment and Revolving B
Commitment, (b) the percentage of the total Revolving A Commitments under a Revolving A Subfacility represented by such Lender’s Revolving A Commitment under such Revolving A Subfacility or (c) the percentage of the total Revolving B
Commitments under the Revolving B Facility represented by such Lender’s Revolving B Commitment, as applicable. The initial Pro Rata Percentages of each Lender under one or more Revolving A Subfacilities and under the Revolving B Facility are
set forth opposite the name of such Lender on the Commitment Schedule or in the Assignment and Assumption Agreement pursuant to which such Lender becomes a party hereto, as applicable. 

“Projections” shall have the meaning provided in Section 5.01(j) 

“Protective Advances” shall have the meaning provided in Section 2.18. 

“PTE” shall mean a prohibited transaction class exemption issued by the U.S. Department of Labor, as any such exemption may
be amended from time to time. 
 “Purchase Money Obligations” shall mean Indebtedness incurred to finance or refinance the
acquisition, leasing, installation, construction, improvement or restoration by the Company or a Restricted Subsidiary of an asset, including additions and improvements or the installation, construction, improvement or restoration of such asset and
whether acquired through the direct acquisition of such property or assets, or otherwise (including through the purchase of Capital Stock of any Person owning such property or assets); provided that any Lien arising in connection with any
such Indebtedness shall be limited to the specified asset being financed or, in the case of real property or fixtures, including additions and improvements, the real property on which such asset is attached. 

  
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 “Purchasing Agent” shall mean individually and collectively, Mattel Asia Pacific
Sourcing Limited, a Hong Kong corporation, and Mattel International Operations Limited, a Hong Kong corporation. 
 “Qualified
Equity Interests” shall mean any Equity Interests that are not Disqualified Stock. 
 “Rate Determination Date”
shall mean two (2) Business Days prior to the commencement of such Interest Period (or such other day as is generally treated as the rate fixing day by market practice in such interbank market, as reasonably determined by the Administrative
Agent; provided that, to the extent such market practice is not administratively feasible for the Administrative Agent, such other day as otherwise reasonably determined by the Administrative Agent). 

“Rating Agencies” shall mean Moody’s and S&P or if Moody’s or S&P or both shall not make a rating on the
applicable securities publicly available, a nationally recognized statistical rating agency or agencies, as the case may be, selected by the Company which shall be substituted for Moody’s or S&P or both, as the case may be. 

“RDPRM” shall mean the Register of Personal and Movable Real Rights of Quebec (le Registre des droits personnels et
réels mobiliers du Québec). 
 “Real Estate Fair Market Value” shall mean, with respect to any Real
Property located in the United States, the fair market value of such Real Property as determined in the applicable Appraisal most recently delivered to the Administrative Agent. 

“Real Property” of any Person shall mean, collectively, the right, title and interest of such Person (including any
leasehold, mineral or other estate) in and to any and all land, improvements and fixtures owned, leased or operated by such Person, together with, in each case, all easements, hereditaments and appurtenances relating thereto, all improvements and
appurtenant fixtures and equipment, all general intangibles and contract rights and other property and rights incidental to the ownership, lease or operation thereof. 

“Recipient” shall have the meaning provided in Section 4.02(b). 

“Refinancing Indebtedness” shall have the meaning provided in the definition of Permitted Refinancing. 

“Regulation D” shall mean Regulation D of the Board of Governors of the Federal Reserve System as from time to time in effect
and any successor to all or a portion thereof establishing reserve requirements. 
 “Regulation T” shall mean Regulation T
of the Board of Governors of the Federal Reserve System as from time to time in effect and any successor to all or a portion thereof. 

“Regulation U” shall mean Regulation U of the Board of Governors of the Federal Reserve System as from time to time in effect
and any successor to all or a portion thereof. 

  
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 “Regulation X” shall mean Regulation X of the Board of Governors of the Federal
Reserve System as from time to time in effect and any successor to all or a portion thereof. 
 “Related Real Estate
Documents” shall mean (a) a Mortgage, an environmental indemnity agreement in respect thereof and, if applicable, fixture filings; (b) a mortgagee title insurance policy (or unconditional commitment to issue such policy), insuring
the Collateral Agent’s interest under the Mortgage, in a form and by an insurer reasonably acceptable to the Collateral Agent in an amount not to exceed the Real Estate Fair Market Value of the Mortgaged Property under the Mortgage, which must
be fully paid on such effective date; (c) (i) a new ALTA survey or (ii) an existing as-built survey of the Mortgaged Property (together with a no change affidavit) sufficient for the title
company to remove the standard survey exceptions and issue the survey-related endorsements (to the extent such endorsements are available at commercially reasonable rates); (d) a
life-of-loan flood hazard determination and, if the Mortgaged Property is located in a flood plain, an acknowledged notice to the applicable U.S. Revolving Borrower and
evidence of flood insurance that satisfies the requirements of Section 8.03; (e) a mortgage opinion addressed to the Collateral Agent and the Revolving B Lenders as of the date of the delivery of such opinion covering the
due authorization, execution, delivery, and enforceability of the applicable Mortgage and such other customary matters incident to the transactions contemplated herein as the Administrative Agent may reasonably request (if not covered by title
insurance), and shall otherwise be in form and substance reasonably satisfactory to the Administrative Agent; (f) evidence reasonably satisfactory to the Administrative Agent that the applicable Credit Parties have delivered to the title
company such standard and customary affidavits, certificates, information, instruments of indemnification (including so-called “gap” indemnification) and other documents as may be reasonable
necessary to cause the title company to issue the title insurance policies as contemplated by clause (b) above; and (g) evidence reasonably satisfactory to the Administrative Agent of payment by the Company or other applicable Credit Party
of all title policy premiums, search and examination charges, escrow charges and related charges, mortgage recording taxes, fees, charges, costs and expenses required for the recording of the Mortgages, fixture filings and other real estate
documents and the issuance of the title policies contemplated by clause (b) above. 
 “Release” shall mean disposing,
discharging, injecting, spilling, pumping, leaking, leaching, dumping, emitting, escaping, emptying, pouring or seeping into, through or upon the Environment or within, from or into any building or other occupied structure or facility. 

“Relevant Borrower” shall mean, with respect to any Borrowing, the Borrower requesting such Borrowing or with respect to any
Letter of Credit, the Borrower requesting the issuance of same. 
 “Rent Reserve” shall mean with respect to any facility,
warehouse, distribution center or depot where any Inventory subject to Liens arising by operation of law is located and with respect to which no Collateral Access Agreement is in effect, a reserve equal to (a) in the case of any leased
location, three months gross rent at such facility, warehouse, distribution center or depot and (b) in the case of any other such location, an amount reasonably determined by the Administrative Agent in its Permitted Discretion in accordance
with the provisions of Section 2.22, in respect of the liabilities owed to the applicable bailee or warehouseman, but in any case not to exceed three months of expenses for rent, labor, and operations, if any, of the bailee
or warehouseman operating such location. 

  
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 “Replaced Lender” shall have the meaning provided in
Section 3.04. 
 “Replacement Lender” shall have the meaning provided in
Section 3.04. 
 “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” shall mean Non-Defaulting Lenders holding more than 50% of the sum of the (a) total Outstanding Amount (with the aggregate amount of each Revolving A Lender’s risk participation and funded participation in LC
Obligations and Swingline Loans being deemed “held” by such Revolving A Lender for purposes of this definition) and (b) aggregate unused Commitments held by Non-Defaulting Lenders at such time
as of any date of determination. 
 “Required Reserve Notice” shall mean (a) so long as no Event of Default has
occurred and is continuing, at least three Business Days’ advance notice to the Company, and (b) if an Event of Default has occurred and is continuing, one Business Days’ advance notice to the Company (or no advance notice to the
Company, as may reasonably be determined to be appropriate by the Administrative Agent in its Permitted Discretion to protect the interests of the Lenders). Notwithstanding the preceding sentence, changes to the Reserves solely for purposes of
(i) correcting mathematical or clerical errors or (ii) imposing restrictions to account for the limitations on Account Debtors in certain Account Debtor Approved Countries upon any Cash Dominion Period, shall not be subject to such notice
period. 
 “Required Revolving A Lenders” means, as of any date of determination, Revolving A Lenders holding more than 50%
of the sum of the (a) total Revolving A Outstanding Amount (with the aggregate amount of each Revolving A Lender’s risk participation and funded participation in LC Obligations and Swingline Loans being deemed “held” by such
Revolving A Lender for purposes of this definition) and (b) aggregate unused Revolving A Commitments; provided that the unused Revolving A Commitment of, and the portion of the Revolving A Outstanding Amount held or deemed held by, any
Defaulting Lender shall be excluded for purposes of making a determination of Required Revolving A Lenders. 
 “Required Revolving B
Lenders” means, as of any date of determination, Revolving B Lenders holding more than 50% of the sum of the (a) total Revolving B Outstanding Amount and (b) aggregate unused Revolving B Commitments; provided that the
unused Revolving B Commitment of, and the portion of the Revolving B Outstanding Amount held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Revolving B Lenders. 

“Requirement of Law” shall mean, with respect to any Person, any statute, law, treaty, rule, regulation, order, decree, writ,
official directive, official administrative pronouncement, injunction or determination of any arbitrator or court or other Governmental Authority, in each case applicable to or binding upon such Person or any of its property or to which such Person
or any of its property is subject. 

  
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 “Reserves” shall mean, without duplication of any items that are otherwise
addressed or excluded through eligibility criteria (including the Collateral and Guarantee Requirement, the Additional Account Security Actions and the Additional Inventory Security Actions), such reserves as the Administrative Agent from time to
time establishes or modifies in its Permitted Discretion in accordance with the provisions of Section 2.22, including, without limitation, Dilution Reserves, Rent Reserves, Royalty Reserves, RP Reserves, Senior Note
Maturity Reserves, Initial Dutch Borrower Payables Reserves, with respect to the Australian Borrowing Base, the Australian Priority Payables Reserves, with respect to the Canadian Borrowing Base, the Canadian Priority Payables Reserve, with respect
to the Dutch Borrowing Base, the Dutch Priority Payables Reserves, with respect to the French Borrowing Base, the French Priority Payables Reserves, with respect to the German Borrowing Base, the German Priority Payables Reserves, with respect to
the Spanish Borrowing Base, the Spanish Priority Payables Reserves, and with respect to the U.K. Borrowing Base, the U.K. Priority Payables Reserves. 

“Responsible Officer” ” shall mean, with respect to any Person, its chief executive officer, president, chief financial
officer or any vice president, treasurer, assistant treasurer, chief accounting officer, controller or other officer of such Person having substantially the same authority and responsibility, or in relation to a French Credit Party, its legal
representative or any other person validly authorized to represent that French Credit Party, or in relation to a Spanish Credit Party, its legal representative or any other person validly authorized to represent that Spanish Credit Party, or in
relation to a European (GNU) Credit Party, its director or any other person validly authorized to represent that European (GNU) Credit Party, or in relation to an Australian Credit Party, its director or any other person validly authorized to
represent that Australian Credit Party and, as to any certificate (other than (a) the Borrowing Base Certificate and (b) the solvency certificate), delivered on the Initial Closing Date, any secretary or assistant secretary of such Person;
provided that, with respect to compliance with financial covenants, and the certificate required to be delivered pursuant to clause (d) of the definition of “Payment Conditions”, “Responsible Officer” shall mean the
chief executive office, chief financial officer, treasurer, assistant treasurer, chief accounting officer or controller of the Company, or any other officer of the Company having substantially the same authority and responsibility. 

“Restricted Junior Debt Prepayment” shall have the meaning provided in Section 9.03(b). 

“Restricted Non-Credit Party Subsidiary” shall mean, at any time, each Subsidiary of
the Company that at such time is (a) not an Unrestricted Subsidiary and (b) not a Credit Party. 
 “Restricted Non-Credit Party Subsidiary Limit” shall mean, as of any date, (a) the aggregate gross revenues of all Restricted Non-Credit Party Subsidiaries that are
organized or formed in Account Debtor Approved Countries which have Accounts included in the Borrowing Base do not exceed 20% of consolidated gross revenues of the Company and its Subsidiaries that are organized or formed in Account Debtor Approved
Countries which have Accounts included in the Borrowing Base at such date and (b) the aggregate assets of all Restricted Non-Credit Party Subsidiaries that are organized or formed in Account Debtor
Approved Countries which have Accounts included in the Borrowing Base do not exceed 20% of the Consolidated Total Assets of the Company and its Subsidiaries that are organized or formed in Account Debtor Approved Countries which have Accounts
included in the Borrowing Base at such date, in each case under clause (a) and (b) calculated as of the most recent Section 8.01 Financials delivered prior to such date. 

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

 “Restricted Subsidiary” shall mean each Subsidiary (including, for the avoidance of doubt, each Restricted Non-Credit Party Subsidiary) other than any Unrestricted Subsidiary. Unless the context otherwise requires, “Restricted Subsidiaries” shall mean the Restricted Subsidiaries of the Company. The U.S. Credit
Parties, the Canadian Credit Parties, the French Credit Parties, the Spanish Restricted Subsidiaries, the European (GNU) Credit Parties and the Australian Credit Parties shall at all times constitute Restricted Subsidiaries of the Company. 

“Returns” shall have the meaning provided in Section 7.09. 

“Revaluation Date” shall mean (a) with respect to any Loan, each of the following: (i) each date of a Borrowing
denominated in a currency other than Dollars, (ii) each date of a continuation of a Loan denominated in a currency other than Dollars pursuant to Section 2.08, and (iii) such additional dates as set forth in
Section 1.06(a); and (b) with respect to any Letter of Credit, each of the following: (i) each date of issuance of a Letter of Credit denominated in a currency other than Dollars, (ii) each date of an
amendment of any such Letter of Credit having the effect of increasing the amount thereof, (iii) each date of any payment by the Issuing Bank under any Letter of Credit denominated in a currency other than Dollars, (iv) in the case of all
Existing Letters of Credit denominated in a currency other than Dollars, the Initial Closing Date, and (v) such additional dates as set forth in Section 1.06(a). 

“Revolving A Borrowing” shall mean a Canadian Revolving Borrowing, a U.S. Revolving A Borrowing, a French Revolving
Borrowing, a Spanish Revolving Borrowing, a European (GNU) Revolving Borrowing and/or an Australian Revolving Borrowing, as the context may require. 

“Revolving A Commitment” shall mean the Canadian Revolving Commitment, the U.S. Revolving A Commitment, the French Revolving
Commitment, the Dutch Revolving Commitment, the German Revolving Commitment, the U.K. Revolving Commitment, the Spanish Revolving Commitment, the European (GNU) Revolving Commitment and/or the Australian Revolving Commitment, as the context may
require. 
 “Revolving A Commitment Increase” shall have the meaning provided in Section 2.15(a).

 “Revolving A Commitment Increase Notice” shall have the meaning provided in Section 2.15(b).

  
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 “Revolving A Exposure” shall mean (a) the Canadian Revolving Exposure,
(b) the U.S. Revolving A Exposure, (c) the French Revolving Exposure, (d) the European (GNU) Revolving Exposure, (e) the Spanish Revolving Exposure, (f) the Australian Revolving Exposure or (g) the sum of (i) the
Canadian Revolving Exposure, (ii) the U.S. Revolving A Exposure, (iii) the French Revolving Exposure, (iv) the European (GNU) Revolving Exposure, (v) the Spanish Revolving Exposure and (vi) the Australian Revolving Exposure,
as the context may require. 
 “Revolving A Lender” shall mean a Lender with a Revolving A Commitment. 

“Revolving A Line Cap” shall mean, at any time, (a) the U.S. Revolving A Line Cap, (b) the Canadian Line Cap,
(c) the French Line Cap, (d) the European (GNU) Line Cap, (e) the Spanish Line Cap, (f) the Australian Line Cap, and/or (g) the sum of (i) the U.S. Revolving A Line Cap, (ii) the Canadian Line Cap, (iii) the
French Line Cap, (iv) the European (GNU) Line Cap, (v) the Spanish Line Cap and (vi) the Australian Line Cap, as the context may require. 

“Revolving A Loans” shall mean Canadian Revolving Loans, U.S. Revolving A Loans, French Revolving Loans, Spanish Revolving
Loans, European (GNU) Revolving Loans, Australian Revolving Loans, Revolving A Protective Advances and/or Overadvance Loans in respect of a Revolving A Subfacility, as the context may require. 

“Revolving A Note” shall mean the U.S. Revolving A Note, the Canadian Revolving Note, the French Revolving Note, the Spanish
Revolving Note, the European (GNU) Revolving Note and/or the Australian Revolving Note, as the context may require. 
 “Revolving A
Protective Advance” shall have the meaning provided in Section 2.18. 
 “Revolving A Outstanding
Amount” shall mean (a) with respect to Revolving A Loans on any date, the Dollar Equivalent amount of the aggregate outstanding principal amount thereof after giving effect to any borrowings and prepayments or repayments of such
Revolving A Loans occurring on such date; (b) with respect to Swingline Loans on any date, the aggregate outstanding principal amount thereof after giving effect to any borrowings and prepayments or repayments of such Swingline Loans occurring
on such date; and (c) with respect to any LC Obligations on any date, the Dollar Equivalent amount of the aggregate outstanding amount of such LC Obligations on such date after giving effect to any LC Credit Extension occurring on such date and
any other changes in the aggregate amount of the LC Obligations as of such date, including as a result of any reimbursements by the Borrowers of Unreimbursed Amounts. 

“Revolving A Subfacilities” shall mean (a) on the Initial Closing Date, the U.S. Revolving A Subfacility and the
Canadian Revolving Subfacility; (b) on and after the French Closing Date, shall also include the French Revolving Subfacility, (c) on and after the Spanish Closing Date, shall also include the Spanish Revolving Subfacility, (d) on and
after the European (GNU) Closing Date, shall also include the European (GNU) Revolving Subfacility, and (e) on and after the Australian Closing Date, shall also include the Australian Revolving Subfacility. 

“Revolving B Borrowing” shall mean a Borrowing comprised of Revolving B Loans. 

  
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 “Revolving B Borrowing Base” shall mean, at the time of any determination, an
amount equal to the sum of the Dollar amount (for this purpose, using the Dollar Equivalent of amounts not denominated in Dollars), without duplication, of 

(a) the lesser of (such lesser amount, the “U.S. RE/IP Amount”) (x) 75% of the appraised Real Estate Fair
Market Value of Eligible U.S. Real Estate (the “U.S. Real Estate Component”), plus 50% of the appraised IP Net Orderly Liquidation Value of the Eligible U.S. Intellectual Property (the “U.S. IP Component”)
and (y) $294,000,000; provided, that neither the U.S. Real Estate Component nor the U.S. IP Component shall be increased as a result of any Appraisal delivered to the Administrative Agent following the Initial Closing Date;
provided, further, that, (i) in the case of the U.S. Real Estate Component, commencing on April 1, 2018 and on the first day of each fiscal quarter thereafter, the percentage under this clause (a) for the U.S. Real
Estate Component shall reduce based on a 15-year straight-line schedule and (ii) in the case of the U.S. IP Component, commencing on April 1, 2019 and on the first day of each fiscal quarter
thereafter, the percentage under this clause (a) for the U.S. IP Component shall reduce by 1.25% per fiscal quarter, unless, in the case of this clause (ii), for any such fiscal quarter, no Amortization Event is in existence (in which
case, no quarterly reduction shall occur for such fiscal quarter but, for the avoidance of doubt, without any reload or increase of any percentage under this clause (a)); minus 

(b) any Reserves established or modified from time to time by the Administrative Agent in the exercise of its Permitted
Discretion in accordance with the provisions of Section 2.22. 
 The Revolving B Borrowing Base at any time shall be determined by
reference to the most recent Borrowing Base Certificate delivered to the Administrative Agent pursuant to Section 8.20(a), adjusted, in the Administrative Agent’s Permitted Discretion (pending the delivery of a new
Borrowing Base Certificate), to reflect the impact of any Significant Disposition (or any event or circumstance which, pursuant to the eligibility rules set forth in the definitions of Eligible U.S. Real Estate and Eligible U.S. Intellectual
Property, renders any such Real Property or Intellectual Property ineligible for inclusion in the Revolving B Borrowing Base after delivery of the most recent Borrowing Base Certificate). The Administrative Agent shall have the right (but no
obligation) to review the computations in any Borrowing Base Certificate and if such computations have not been calculated in accordance with the terms of this Agreement, the Administrative Agent shall have the right, in consultation with the
Company, to correct any such errors in such manner as it shall reasonably determine and the Administrative Agent will notify the Company promptly in writing after making any such correction. 

“Revolving B Collateral” shall mean all U.S. Collateral that is not Current Assets. 

“Revolving B Commitment” shall mean, with respect to each Revolving B Lender, the commitment, if any, of such Lender to make
Revolving B Loans hereunder up to the amount set forth and opposite such Lender’s name on the Commitment Schedule under the caption “Revolving B Commitment,” or in the Assignment and Assumption Agreement pursuant to which such Lender
assumed its Revolving B 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 12.04. 

  
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 “Revolving B Exposure” shall mean, with respect to any Revolving B Lender at any
time, the aggregate principal amount at such time of all outstanding Revolving B Loans of such Lender. 
 “Revolving B
Facility” shall have the meaning provided in the recitals hereto. 
 “Revolving B Lender” shall mean a Lender with
a Revolving B Commitment. 
 “Revolving B Leverage Trigger Period” shall mean each period, beginning on the first day of
the calendar month during which the Section 8.01 Financials for the fiscal quarter ending on September 30, 2018 are delivered, when the Consolidated Net Leverage Ratio, as of the end of the most recently ended Test Period for which
financial statements have been delivered, shall be greater than 5.00 to 1.00, and ending on such date as, for the most recently ended Test Period for which financial statements have been delivered, the Consolidated Net Leverage Ratio shall be not
greater than 5.00 to 1.00. 
 “Revolving B Line Cap” shall mean, at any time, an amount that is equal to the lesser of
(a) the Revolving B Commitments and (b) the Revolving B Borrowing Base. 
 “Revolving B Loans” shall mean
(a) advances made to or at the request of a U.S. Revolving Borrower pursuant to Section 2.01(a)(ii) hereof under the Revolving B Facility, (b) Revolving B Protective Advances and/or (c) Overadvance Loans in
respect of the Revolving B Facility, as the context may require. 
 “Revolving B Note” shall mean each revolving note
substantially in the form of Exhibit B-13 hereto. 
 “Revolving B
Obligations” shall mean Obligations with respect to the Revolving B Facility. 
 “Revolving B Outstanding Amount”
shall mean, with respect to Revolving B Loans on any date, the Dollar Equivalent amount of the aggregate outstanding principal amount thereof after giving effect to any borrowings and prepayments or repayments of such Revolving B Loans occurring on
such date. 
 “Revolving B Protective Advance” shall have the meaning provided in Section 2.18.

 “Revolving Borrowers” shall mean the U.S. Revolving Borrowers, the Canadian Borrowers, the French Borrowers, the Spanish
Borrowers, the European (GNU) Borrowers and the Australian Borrowers, as the context may require. 
 “Revolving Borrowing”
shall mean a Revolving A Borrowing and/or a Revolving B Borrowing, as the context may require. 

  
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 “Revolving Commitment” shall mean the Revolving A Commitment and/or the
Revolving B Commitment, as the context may require. 
 “Revolving Exposure” shall mean the Revolving A Exposure and/or the
Revolving B Exposure, as the context may require. 
 “Revolving Lender” shall mean a Revolving A Lender and/or a Revolving
B Lender, as the context may require. 
 “Revolving Loans” shall mean Revolving A Loans and/or Revolving B Loans, as the
context may require. 
 “Revolving Note” shall mean a Revolving A Note and/or a Revolving B Note, as the context may
require. 
 “Royalty Reserve” shall mean with respect to any Inventory that is subject to any licensing, patent, royalty,
trademark, trade name or copyright agreement with any third party, a reserve equal to an amount reasonably determined by the Administrative Agent in its Permitted Discretion in accordance with the provisions of Section 2.22
in respect of the liabilities owed to such third party. 
 “RP Reserve” shall have the meaning provided in
Section 9.03(a)(ix). 
 “S&P” shall mean Standard & Poor’s Ratings Services, a
division of the McGraw Hill Company, Inc., and any successor owner of such division. 
 “Sanction(s)” shall mean any
sanction administered or enforced by the United States Government (including without limitation, OFAC), the United Nations Security Council, the European Union, each member state of the European Union, the governmental institutions and agencies of
the United Kingdom, including, without limitation, Her Majesty’s Treasury (“HMT”), or the federal government of Canada, or the Federal Government of Australia. 

“SEC” shall mean the Securities and Exchange Commission, or any successor thereto. 

“Section 8.01 Financials” shall mean the quarterly and annual financial statements required to be
delivered pursuant to Sections 8.01(a) and (b). 
 “Secured Bank Product Obligations” shall mean all
obligations in respect of Bank Product Debt (including obligations which, but for the automatic stay under Section 362(a) of the Bankruptcy Code or a stay under any applicable Debtor Relief Laws in any jurisdiction would become due and
including any interest, fees and other amounts accruing after the commencement of any proceeding under any applicable Debtor Relief Laws in any jurisdiction, whether or not such interest, fees and other amounts are allowed or allowable claims in
such proceeding) owing to a Secured Bank Product Provider, up to the maximum amount (in the case of any Secured Bank Product Provider other than BANA, BAMLI and its respective Affiliates or branches) specified by such provider in writing to the
Administrative Agent, which amount may be established or increased (by further written notice by the Company to the Administrative Agent from time to time) as long as no Default or Event of Default then exists. 

  
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 “Secured Bank Product Provider” shall mean each Cash Management Bank and each
Secured Hedge Bank; provided that such provider who is not BANA, BAMLI or one of its respective Affiliates or branches delivers written notice to the Administrative Agent, in form and
substance reasonably satisfactory to the Administrative Agent, (a) 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 (b) agreeing
to be bound by Section 11.12; provided, further, that (x) in the case of any Bank Product in existence on the applicable Closing Date that is provided by a Person (other than BANA, BAMLI or one of its
respective Affiliates or branches) who is, as of the applicable Closing Date, a Lender, an Agent, a Joint Lead Arranger or an Affiliate of a Person who is, as of the applicable Closing Date, a Lender, an Agent or a Joint Lead Arranger, such written
notice required by the immediately preceding proviso shall be delivered to the Administrative Agent on or prior to the applicable Closing Date and (y) in the case of any Bank Product not in existence on the applicable Closing Date that is
provided by a Secured Hedge Bank or a Cash Management Bank (other than the Administrative Agent or one of its Affiliates or branches at the time of the creation of the relevant Bank Product), such written notice required by the immediately preceding
proviso shall be delivered to the Administrative Agent within 30 calendar days after the later of (x) the creation of the relevant Bank Product or (y) such Secured Hedge Bank or a Cash Management Bank, as applicable, becomes a Lender
or an Agent or an Affiliate of a Lender or an Agent. 
 “Secured Creditors” shall mean, collectively, the Administrative
Agent, the Collateral Agent, the Australian Security Trustee, the Lenders, the Issuing Banks and each Secured Bank Product Provider. 

“Secured Hedge Bank” shall mean any Person that is a counterparty to a Hedging Agreement with a Credit Party or one of its
Restricted Subsidiaries, in its capacity as such, and that either (a) was a Lender, an Agent, a Joint Lead Arranger or an Affiliate of a Lender, an Agent, or a Joint Lead Arranger at the time it entered into such Hedging Agreement or
(b) becomes a Lender, an Agent or an Affiliate of a Lender or an Agent after it has entered into such Hedging Agreement. 

“Securities Act” shall mean the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.

 “Security Agreements” shall mean (a) the Canadian Security Agreement, (b) the U.S. Security Agreements,
(c) the French Security Agreements, (d) the Spanish Security Agreements, (e) the European (GNU) Security Agreements and (f) the Australian Security Agreement. 

“Security Document” shall mean and include each U.S. Security Document, each Canadian Security Document, each French Security
Document, each Spanish Security Document, each European (GNU) Security Document, each Australian Security Document, the charges or other similar security documents entered into in Inventory Approved Countries and/or Account Debtor Approved
Countries, as the context may require, and, after the execution and delivery thereof, any other document pursuant to which a Lien is granted to a Collateral Agent or the Australian Security Trustee to secure the Obligations. 

  
 96 

 “Senior Note Maturity Reserve” shall mean, in the case of the maturity of any
obligations evidenced by any Senior Unsecured Notes, (a) on the date that is 90 days prior to such maturity through but excluding the date that is 60 days prior to such maturity, an amount not to exceed 33.33% of such obligations,
(b) on the date that is 60 days prior to such maturity through but excluding the date that is 30 days prior to such maturity, an amount not to exceed 66.67% of such obligations and (c) on the date that is 30 days prior to
such maturity through but excluding the date of satisfaction of such obligations, an amount not to exceed 100.00% of such obligations. 

“Senior Unsecured 2010 Note Documents” shall mean (a) the Senior Unsecured 2010 Notes, the Senior Unsecured 2010 Note
Indenture and all other documents relating to, evidencing or governing the Senior Unsecured 2010 Notes or the obligations thereunder and (b) such agreements with respect to any Permitted Refinancing thereof. 

“Senior Unsecured 2010 Note Indenture” shall mean the Indenture, dated as of September 23, 2010, between the Company and
Union Bank, N.A., as trustee, or such other agreement as may govern any Permitted Refinancing thereof. 
 “Senior Unsecured 2010
Notes” shall mean the notes that may be issued pursuant to the Senior Unsecured 2010 Note Indenture. 
 “Senior Unsecured
2017 Note Documents” shall mean (a) the Senior Unsecured 2017 Notes, the Senior Unsecured 2017 Note Indenture and all other documents relating to, evidencing or governing the Senior Unsecured 2017 Notes or the obligations thereunder
and (b) such agreements with respect to any Permitted Refinancing thereof. 
 “Senior Unsecured 2017 Note Indenture”
shall mean the Indenture, dated as of the date hereof by and between the Company and the Senior Unsecured 2017 Note Trustee or such other agreement as may govern any Permitted Refinancing thereof. 

“Senior Unsecured 2017 Notes” shall mean the notes that may be issued pursuant to the Senior Unsecured 2017 Note Indenture.

 “Senior Unsecured 2017 Note Trustee” shall mean MUFG Union Bank, N.A. 

“Senior Unsecured Note Documents” shall mean the Senior Unsecured 2010 Note Documents and the Senior Unsecured 2017 Note
Documents. 
 “Senior Unsecured Note Indentures” shall mean the Senior Unsecured 2010 Note Indenture and the Senior
Unsecured 2017 Note Indenture. 
 “Senior Unsecured Notes” shall mean the Senior Unsecured 2010 Notes and the Senior
Unsecured 2017 Notes. 
 “Settlement Date” shall have the meaning provided in Section 2.14(a).

  
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 “Significant Disposition” shall mean each Disposition (including any Casualty
Event) with respect to Borrowing Base Assets that are included in the Borrowing Base resulting in a reduction in the Borrowing Base in excess of 10% of the Borrowing Base. 

“Similar Business” shall mean (a) any business engaged or proposed to be engaged in by the Company or any of the
Restricted Subsidiaries on the Initial Closing Date and any reasonable extension thereof and (b) any business or other activities that are reasonably similar, ancillary, incidental, complementary or related to, or a reasonable extension,
development or expansion of, the businesses in which the Company and the Restricted Subsidiaries are engaged or proposed to be engaged on the Initial Closing Date. 

“Solvent” shall mean, at the time of determination (a) each of the Fair Value and the Present Fair Saleable Value of the
assets of a Person and its Subsidiaries taken as a whole exceed their Stated Liabilities and Identified Contingent Liabilities; (b) such Person and its Subsidiaries taken as a whole do not have Unreasonably Small Capital; (c) such Person
and its Subsidiaries taken as a whole can pay their Stated Liabilities and Identified Contingent Liabilities as they mature; and (d) as regards a Canadian Credit Party, such Person is not an “insolvent person” within the meaning of
the BIA. Defined terms used in the foregoing definition shall have the meanings set forth in the solvency certificate delivered on the Initial Closing Date pursuant to Section 5.01(e). 

“Spanish Bank Account Pledge” shall mean, to the extent the Initial Spanish Borrower has Collection Accounts domiciled in
Spain on the Spanish Closing Date, the account pledge governed by Spanish law dated as of the Spanish Closing Date, by and between the Collateral Agent and the Initial Spanish Borrower. 

“Spanish Borrowers” shall mean the Initial Spanish Borrower and each Spanish Subsidiary of the Company that executes a
counterpart hereof and each other applicable Credit Document (or a separate joinder hereto or thereto) to become a Revolving Borrower, whether on the Spanish Closing Date or after the Spanish Closing Date in accordance with
Section 2.21. 
 “Spanish Borrowing Base” shall mean, at the time of any determination, an amount
equal to the sum of the Dollar Equivalent, without duplication, of 
 (a) 85% of the aggregate Outstanding Balance of
Eligible Spanish Accounts of the Spanish Borrowers at such time; minus 
 (b) any Reserves established or modified
from time to time by the Administrative Agent in the exercise of its Permitted Discretion in accordance with the provisions of Section 2.22. 

The Spanish Borrowing Base at any time shall be determined by reference to the most recent Borrowing Base Certificate delivered to the Administrative Agent
pursuant to Section 8.20(a), adjusted, in the Administrative Agent’s Permitted Discretion (pending the delivery of a new Borrowing Base Certificate), to reflect the impact of any Significant Disposition (or any event
or circumstance which, pursuant to the eligibility rules set forth in the definition of Eligible Account, renders any such Account ineligible for inclusion in the Spanish Borrowing Base after delivery of the most recent Borrowing Base Certificate).
The Administrative Agent shall have 

  
 98 

 
the right (but no obligation) to review the computations in any Borrowing Base Certificate and if such computations have not been calculated in accordance with the terms of this Agreement, the
Administrative Agent shall have the right, in consultation with the Company, to correct any such errors in such manner as it shall reasonably determine and the Administrative Agent will notify the Company in writing promptly after making any such
correction. 
 “Spanish Closing Date” shall mean the “Spanish Closing Date” specified in a written notification
by Administrative Agent to the Lenders that the conditions in Section 5.04 have been satisfied. 

“Spanish Collateral” shall mean all the “Collateral” (or equivalent term) as defined in each Spanish Security
Agreement and all other property (whether real, personal or otherwise) with respect to which any security interests have been granted by any Credit Parties pursuant to any Spanish Security Document. 

“Spanish Credit Party” shall mean the Spanish Borrowers and each Spanish Subsidiary Guarantor. 

“Spanish Dilution Reserve” shall mean, at any date, (a) the amount by which the consolidated Dilution Ratio of Eligible
Spanish Accounts exceeds five percent (5%) multiplied by (b) the Eligible Spanish Accounts on such date. 
 “Spanish Issuing
Bank” shall mean, as the context may require, (a) BAMLI or any Affiliates or branches of BAMLI with respect to Spanish Letters of Credit issued by it; (b) any other Revolving A Lender that may become an Issuing Bank pursuant to
Sections 2.13(i) and 2.13(k), with respect to Spanish Letters of Credit issued by such Revolving A Lender; (c) with respect to any Existing Letter of Credit set forth on Part C of Schedule 1.01B, the
Revolving A Lender which is the issuer of such Existing Letter of Credit; or (d) collectively, all of the foregoing. 

“Spanish LC Credit Extension” shall mean, with respect to any Spanish Letter of Credit, the issuance, amendment or renewal
thereof or extension of the expiry date thereof, or the increase of the Stated Amount thereof. 
 “Spanish LC Disbursement”
shall mean a payment or disbursement made by the Spanish Issuing Bank pursuant to a Spanish Letter of Credit. 
 “Spanish LC
Documents” shall mean all documents, instruments and agreements delivered by a Spanish Borrower, the Company, or any Subsidiary to a Spanish Issuing Bank or the Administrative Agent in connection with any Spanish Letter of Credit. 

“Spanish LC Exposure” shall mean at any time the sum of (a) the aggregate undrawn Stated Amount of all outstanding
Spanish Letters of Credit at such time plus (b) the aggregate principal amount of all Spanish LC Disbursements that have not yet been reimbursed at such time. The Spanish LC Exposure of any Revolving A Lender at any time shall mean its
Pro Rata Percentage of the aggregate Spanish LC Exposure at such time. 

  
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 “Spanish LC Obligations” shall mean the sum (without duplication) of
(a) all amounts owing by the Spanish Borrowers in respect of any Spanish LC Disbursements (including any bankers’ acceptances or other payment obligations arising therefrom) and (b) the Stated Amount of all outstanding Spanish Letters
of Credit. 
 “Spanish LC Sublimit” shall mean $3,000,000. 

“Spanish Lender” shall mean a Spanish Swingline Lender or a Spanish Revolving Lender. 

“Spanish Letter of Credit” shall mean any standby, commercial or documentary letter of credit, foreign guaranty, bank
guarantee, documentary banker’s acceptance or similar instrument issued or to be issued by a Spanish Issuing Bank under the Spanish Revolving Subfacility requested by a Spanish Borrower pursuant to Section 2.13. 

“Spanish Line Cap” shall mean, at any time, an amount that is equal to the lesser of (a) the Spanish Revolving
Commitments and (b) the Spanish Borrowing Base. 
 “Spanish Priority Payable Reserves” shall mean reserves in respect
of: (a) pension, salary and other claims of employees; (b) amounts payable to or deductible by an insolvency court, insolvency administrator, receiver or other insolvency official or a legal advisor of an insolvent company in respect of
his or her costs or expenses; and (c) claims of the Spanish tax authorities; in each case only to the extent such amounts enjoy priority as a matter of applicable law over the claims of the Secured Creditors. 

“Spanish Protective Advance” shall have the meaning provided in Section 2.18. 

“Spanish Receivables Pledge” shall mean the receivables pledge agreement governed by Spanish law dated on or about the
Spanish Closing Date by and among the Initial Spanish Borrower and the Collateral Agent. 
 “Spanish Restricted Subsidiary”
shall mean any Spanish Subsidiary that is a Restricted Subsidiary. 
 “Spanish Revolving Borrowing” shall mean a Borrowing
comprised of Spanish Revolving Loans. 
 “Spanish Revolving Commitment” shall mean, with respect to each Spanish Revolving
Lender, the commitment, if any, of such Lender to make Spanish Revolving Loans hereunder up to the amount set forth and opposite such Lender’s name on the Commitment Schedule under the caption “Spanish Revolving Commitment,” or in the
Assignment and Assumption Agreement pursuant to which such Lender assumed its Spanish Revolving Commitment, as applicable, as the same may be (a) reduced from time to time pursuant to Section 2.07, (b) reduced or
increased from time to time pursuant to Section 2.20 and (c) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 12.04. 

“Spanish Revolving Exposure” shall mean, with respect to any Spanish Revolving Lender at any time, the aggregate principal
amount at such time of all outstanding Spanish Revolving Loans of such Lender, plus the aggregate amount at such time of such Lender’s Spanish LC Exposure, plus the aggregate amount of such Lender’s Spanish Swingline Exposure. 

  
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 “Spanish Revolving Lender” shall mean any Lender under the Spanish Revolving
Subfacility. 
 “Spanish Revolving Loans” shall mean advances made to or at the instructions of a Spanish Borrower pursuant
to Section 2.01(a)(v) hereof under the Spanish Revolving Subfacility. 
 “Spanish Revolving Note”
shall mean each revolving note substantially in the form of Exhibit B-5 hereto. 

“Spanish Revolving Subfacility” shall have the meaning provided in the recitals hereto. 

“Spanish Security Agreements” shall mean the Spanish Receivables Pledge, the Spanish Bank Account Pledge and the Spanish
Share Pledge. 
 “Spanish Security Documents” shall mean the Spanish Security Agreements, and, after the execution and
delivery thereof, each other document, governed by Spanish law, executed and delivered by any Credit Party pursuant to which a Lien is granted in favor of the Collateral Agent to secure the Obligations, each document governed by Spanish law, if any,
executed and delivered by any Credit Party pursuant to the Additional Inventory Security Actions and each document governed by Spanish law, if any, executed and delivered by any Credit Party pursuant to the Additional Account Security Actions. 

“Spanish Share Pledge” shall mean the share pledge governed by Spanish law dated on or about the Initial Closing Date
(subject to Section 8.16) by and among the Company and the Collateral Agent. 
 “Spanish
Subsidiary” shall mean any Subsidiary of the Company incorporated now or hereinafter under the laws of Spain. 
 “Spanish
Subsidiary Guarantor” shall mean each Spanish Restricted Subsidiary (other than any Spanish Borrower) which is a party to this Agreement on the Spanish Closing Date, as well as each Spanish Restricted Subsidiary established, created or
acquired after the Spanish Closing Date which is required to become a party to this Agreement as a Guarantor in accordance with the requirements of the Collateral and Guarantee Requirement. 

“Spanish Swingline Commitment” shall mean the commitment of the Spanish Swingline Lender to make loans under the Spanish
Revolving Subfacility pursuant to Section 2.12, as the same may be reduced from time to time pursuant to Section 2.07. 

“Spanish Swingline Exposure” shall mean, at any time, the aggregate principal amount at such time of all outstanding Spanish
Swingline Loans. The Spanish Swingline Exposure of any Spanish Revolving Lender at any time shall equal its Pro Rata Percentage of the aggregate Spanish Swingline Exposure at such time. 

  
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 “Spanish Swingline Lender” shall mean BAMLI, its permitted successors and
permitted assigns. 
 “Spanish Swingline Loan” shall mean any Loan made by the Spanish Swingline Lender pursuant to
Section 2.12. 
 “Spanish Swingline Note” shall mean each swingline note substantially in the
form of Exhibit B-12 hereto. 
 “Specified Borrower” shall have the meaning
provided in the definition of the term “Eligible In-Transit Inventory”. 

“Specified Debt Incurrence” shall mean the Incurrence of Junior Debt under Section 9.04(c). 

“Specified Disposition” shall mean Dispositions permitted under Section 9.02(m). 

“Specified Existing Revolving A Commitment Class” shall have the meaning provided in
Section 2.19(a). 
 “Specified Investments” shall mean Investments permitted under
Section 9.05(d), any designation of an Unrestricted Subsidiary under Section 8.19(a) and any designation of a Restricted Non-Credit Party Subsidiary under
Section 8.19(c)(iii). 
 “Specified Junior Debt Prepayments” shall mean prepayments of Junior
Debt permitted under Section 9.03(b)(vii) and 9.03(b)(viii). 
 “Specified Restricted
Payments” shall mean Restricted Payments permitted under Section 9.03(a)(vii). 
 “Specified
Transaction” shall mean each Specified Investment, Specified Disposition, Specified Junior Debt Prepayment, Specified Restricted Payment and Specified Debt Incurrence. 

“Specified Transfer Date” shall mean, with respect to a Specified Borrower’s purchase of Eligible In-Transit Inventory from Initial Dutch Borrower, a date as specified by the applicable Specified Borrower and Initial Dutch Borrower which date shall be (a) not earlier than 1 day after the offloading of such
Inventory in the applicable Inventory Approved Country, and (b) at all times during any In-Transit Inventory Trigger Period, not later than the date on which such Specified Borrower has paid in cash
to Initial Dutch Borrower the purchase price thereof (without any setoff or deduction), provided, that such payment does not occur at any time earlier than 1 days after the offloading of such Inventory in the applicable Inventory Approved
Country. 
 “Spot Rate” shall mean, on any day with respect to any currency, the exchange rate that is applicable to
conversion of one currency into another currency, which is (a) the exchange rate reported by Bloomberg (or other commercially available source designated by the Administrative Agent) as of the end of the preceding Business Day in the financial
market for the first currency; or (b) if such report is unavailable for any reason, the spot rate, as determined by the Administrative Agent and posted on a daily basis to the electronic loan platform maintained

  
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by the Administrative Agent and accessible by the parties hereto (the “Electronic Platform”), for the purchase of the first currency with the second currency as in effect during
the preceding business day in the Administrative Agent’s principal foreign exchange trading office for the first currency; provided that in the case of clause (b) only, if such exchange rate is not posted to the Electronic Platform
on any day with respect to any currency, the Spot Rate on such day with respect to such currency shall be equal to the Spot Rate for such currency on the most recent preceding date on which a Spot Rate with respect to such currency was posted to the
Electronic Platform. 
 “Stated Amount” of any Letter of Credit shall mean, unless otherwise specified herein, the stated
amount of such Letter of Credit in effect at such time. 
 “Subsidiary” shall mean, as to any Person, (a) any
corporation, association, or other business entity (other than a partnership, joint venture, limited liability company or similar entity) of which more than 50.0% of the total voting power of shares of Capital Stock entitled (without regard to the
occurrence of any contingency) to vote in the election of directors, managers or trustees thereof is at the time of determination owned or controlled, directly or indirectly, by such Person or one or more of the other Subsidiaries of that Person or
a combination thereof and (b) any partnership, joint venture, limited liability company or similar entity of which (i) more than 50.0% of the capital accounts, distribution rights, total equity and voting interests or general or limited
partnership interests, as applicable, are owned or controlled, directly or indirectly, by such Person or one or more of the other Subsidiaries of that Person or a combination thereof whether in the form of membership, general, special or limited
partnership or otherwise, and (ii) such Person or any Restricted Subsidiary of such Person is a controlling general partner or otherwise controls such entity. Unless otherwise specified, all references herein to a “Subsidiary” or to
“Subsidiaries” shall refer to a Subsidiary or Subsidiaries of the Company. 
 “Subsidiary Guarantors” shall mean
the U.S. Subsidiary Guarantors, the Canadian Subsidiary Guarantors, the French Subsidiary Guarantors, the Spanish Subsidiary Guarantors, the European (GNU) Subsidiary Guarantors and the Australian Subsidiary Guarantors, as the context requires. 

“Successor Company” shall have the meaning provided in Section 9.11(a). 

“Successor Person” shall have the meaning provided in Section 9.11(b). 

“Supermajority Revolving A Lenders” shall mean those Non-Defaulting Lenders which
would constitute the Required Revolving A Lenders under, and as defined in, this Agreement if the percentage “50%” contained therein were changed to “66-2/3%.” 

“Supermajority Revolving B Lenders” shall mean those Non-Defaulting Lenders which
would constitute the Required Revolving B Lenders under, and as defined in, this Agreement if the percentage “50%” contained therein were changed to “66-2/3%.” 

“Supplier Financing Transaction” shall mean any transaction in which the Borrowers may, from time to time, transfer right,
title and interest in certain Accounts to a special purpose vehicle (each such special purpose vehicle, a “Mattel SPV”) for an amount equal to the market 

  
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value of such Accounts, which Mattel SPV will promptly (a) sell to a bank buyer such Accounts and (b) transfer any and all consideration received for such Accounts back to the
applicable Borrower, in each case on a non-recourse and true sale basis and (i) in the case of each such Supplier Financing Transaction (or series of Supplier Financing Transactions) with a corresponding
account debtor, the Company shall have delivered prior written notice thereof to Administrative Agent, (ii) each such Supplier Financing Transaction shall be subject to an agreement with respect to collection of Accounts, priority of Liens and
limitation of remedies in form and substance reasonably satisfactory to Administrative Agent and (iii) each Deposit Account into which proceeds of each such Supplier Financing Transaction are deposited shall be identified in writing by the
Company to Administrative Agent and shall be subject to a Deposit Account Control Agreement. 
 “Swap Obligation” shall
mean any obligation to pay or perform under any agreement, contract or transaction that constitutes a “swap” within the meaning of Section 1a(47) of the Commodity Exchange Act. 

“Swap Termination Value” shall mean, in respect of any one or more Hedging Agreements, after taking into account the effect
of any legally enforceable netting agreement relating to such Hedging Agreements, (a) for any date on or after the date such Hedging Agreements 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 Hedging Agreements, as
determined based upon one or more mid-market or other readily available quotations provided by any recognized dealer in such Hedging Agreements (which may include a Lender or any Affiliate of a Lender). 

“Swingline Commitment” shall mean the U.S. Swingline Commitment, the Canadian Swingline Commitment, the French Swingline
Commitment, the Spanish Swingline Commitment, the European (GNU) Swingline Commitment and/or the Australian Swingline Commitment. 

“Swingline Exposure” shall mean, with respect to any Revolving A Lender, at any time, such Revolving A Lender’s Pro Rata
Percentage under the applicable Revolving A Subfacility or Revolving A Subfacilities of the Swingline Loans outstanding at such time under such Revolving A Subfacility or Revolving A Subfacilities. 

“Swingline Lender” shall mean the U.S. Swingline Lender, the Canadian Swingline Lender, the French Swingline Lender, the
Spanish Swingline Lender, the European (GNU) Swingline Lender and/or the Australian Swingline Lender. 
 “Swingline Loan”
shall mean U.S. Swingline Loans, Canadian Swingline Loans, French Swingline Loans, Spanish Swingline Loans, European (GNU) Swingline Loans and/or Australian Swingline Loans. 

“Swingline Note” shall mean U.S. Swingline Notes, Canadian Swingline Notes, French Swingline Notes, Spanish Swingline Notes,
European (GNU) Swingline Notes and/or Australian Swingline Notes. 

  
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 “Taxes” shall mean any and all present or future taxes, levies, imposts, duties,
deductions, charges, fees, assessments, liabilities or withholdings imposed by any Governmental Authority, including any interest, penalties and additions to tax with respect thereto. 

“Tax Credit” shall mean a credit against, relief or remission for, or refund or repayment of, any Taxes. 

“Tax Deduction” shall mean a deduction or withholding for or on account of Taxes from a payment under any Credit Document,
other than a FATCA Deduction. 
 “Tax Payment” shall mean either the increase in a payment made by a Relevant Borrower
under Section 4.03(b) (Tax Gross-up) or a payment under Section 4.03(c) (Tax Indemnity). 

“TEG Letter” means the effective global rate letter referred to in Section 2.06(r). 

“Test Period” shall mean each period of four consecutive fiscal quarters of the Company (in each case taken as one accounting
period) for which financial statements have been (or were required to be) delivered pursuant to Section 8.01(a) or Section 8.01(b). 

“Threshold Amount” shall mean $50,000,000. 

“Total Excess Availability” shall mean, at any time, the amount equal to (a) the Line Cap at such time minus
(b) the sum of, without duplication (i) the Dollar Equivalent of the aggregate Revolving Loans and Swingline Loans then outstanding and (ii) the Dollar Equivalent of the aggregate LC Exposure at such time. 

“Transaction Costs” shall mean the fees, premiums and expenses payable by the Company and its Subsidiaries in connection with
the transactions described in clauses (a) and (b) of the definition of the term “Transactions”. 

“Transactions” shall mean, collectively, (a) the execution, delivery and entering into of the Credit Documents and the
incurrence of Loans on the applicable Closing Date, (b) the repayment of the Debt to be Repaid and (c) the payment of all Transaction Costs. 

“TRU” shall mean Toys “R” Us, Inc., a Delaware corporation and Toys “R” Us (Canada) Ltd., a Canadian
corporation. 
 “TRU Account Advance Rates” shall mean, in the case of any Eligible Account in which the Account Debtor is
TRU, (a) so long as no event of default shall have occurred and be continuing under the debtor-in-possession financing facility of TRU, from the Initial Closing
Date through and including April 15, 2018, the lesser of (i) 65% of the aggregate Outstanding Balance of such Eligible Accounts (including TRU Pre-Petition Eligible Accounts and TRU Post-Petition
Eligible Accounts) and (ii) $75,000,000, (b) so long as no event of default shall have occurred and be continuing under the debtor-in-possession financing facility of
TRU, from April 16, 2018 through and including the date that TRU exits from bankruptcy, the lesser of (i) 60% of the aggregate Outstanding Balance of such Eligible Accounts (including TRU Post-Petition Eligible Accounts but not TRU Pre-Petition Eligible Accounts) and (ii) $65,000,000, and (c) from the date that both (i) TRU has a plan of reorganization approved by the applicable bankruptcy court and (ii) TRU has exited from
bankruptcy, 85% of the aggregate Outstanding Balance of such Eligible Accounts (including TRU Post-Petition Eligible Accounts but not TRU Pre-Petition Eligible Accounts). 

  
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 “TRU Concentration Limit” shall mean, in the case of Accounts in which the
Account Debtor is TRU, (a) from the Initial Closing Date through and including April 15, 2018, 15% of total Eligible Accounts (including TRU Pre-Petition Eligible Accounts and TRU Post-Petition
Eligible Accounts), (b) from April 16, 2018 through and including the date that TRU exits from bankruptcy, 10% of total Eligible Accounts (including TRU Post-Petition Eligible Accounts but not TRU
Pre-Petition Eligible Accounts), and (c) from the date that both (i) TRU has a plan of reorganization approved by the applicable bankruptcy court and (ii) TRU has exited from bankruptcy, 20% of
total Eligible Accounts (including TRU Post-Petition Eligible Accounts but not TRU Pre-Petition Eligible Accounts). 

“TRU Pre-Petition Eligible Accounts” shall mean Eligible Accounts in which the
Account Debtor is TRU, and which Accounts arise prior to the filing with the applicable bankruptcy court of TRU’s petition for bankruptcy protection. 

“TRU Post-Petition Eligible Accounts” shall mean Eligible Accounts in which the Account Debtor is TRU, and which Accounts
arise subsequent to the filing with the applicable bankruptcy court of TRU’s petition for bankruptcy protection. 

“Type” shall mean the type of Loan determined with regard to the interest option applicable thereto, i.e., whether a U.S.
Base Rate Loan, Eurocurrency Rate Loan, Canadian Base Rate Loan, Canadian Prime Loan, Foreign Base Rate Loan, Australian Bill Rate Loan, Australian Base Rate Loan or Canadian CDOR Rate Loan. 

“UCC” shall mean the Uniform Commercial Code in effect in the State of New York from time to time; provided,
however, that, at any time, if by reason of mandatory provisions of any Requirement of Law, the Uniform Commercial Code as in effect in a jurisdiction other than the State of New York governs, the term “UCC” shall mean the Uniform
Commercial Code as in effect, at such time, in such other jurisdiction for purposes of the provisions relating to such perfection or priority and for purposes of definitions relating to such provisions. 

“U.K. Borrowers” shall mean the Initial U.K. Borrowers and each U.K. Subsidiary of the Company that executes a counterpart
hereto and to any other applicable Credit Document to become a Revolving Borrower, whether on the European (GNU) Closing Date or after the European (GNU) Closing Date in accordance with Section 2.21. 

“U.K. Borrowing Base” shall mean, at the time of any determination, an amount equal to the sum of the Dollar Equivalent,
without duplication, of 
 (a) 85% of the aggregate Outstanding Balance of Eligible European (GNU) Accounts of the U.K.
Borrowers at such time; minus 
 (b) any Reserves established or modified from time to time by the Administrative
Agent in the exercise of its Permitted Discretion in accordance with the provisions of Section 2.22. 

  
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 The U.K. Borrowing Base at any time shall be determined by reference to the most recent Borrowing Base
Certificate delivered to the Administrative Agent pursuant to Section 8.20(a), adjusted, in the Administrative Agent’s Permitted Discretion (pending the delivery of a new Borrowing Base Certificate), to reflect the
impact of any Significant Disposition (or any event or circumstance which, pursuant to the eligibility rules set forth in the definition of Eligible Account, renders any such Account ineligible for inclusion in the U.K. Borrowing Base after delivery
of the most recent Borrowing Base Certificate). The Administrative Agent shall have the right (but no obligation) to review the computations in any Borrowing Base Certificate and if such computations have not been calculated in accordance with the
terms of this Agreement, the Administrative Agent shall have the right, in consultation with the Company, to correct any such errors in such manner as it shall reasonably determine and the Administrative Agent will notify the Company in writing
promptly after making any such correction. 
 “U.K. Credit Party” shall mean the U.K. Borrowers and each U.K. Subsidiary
Guarantor. 
 “U.K. Dilution Reserve” shall mean, at any date, (a) the amount by which the consolidated Dilution Ratio
of Eligible European (GNU) Accounts of the U.K. Borrowers exceeds five percent (5%) multiplied by (b) the Eligible European (GNU) Accounts of the U.K. Borrowers on such date. 

“U.K. ITA” shall mean the Income Tax Act 2007. 

“U.K. Line Cap” shall mean, at any time, an amount that is equal to the lesser of (a) the U.K. Revolving Commitments and
(b) the U.K. Borrowing Base. 
 “U.K. Priority Payables Reserve” shall mean a reserve in such amount as the
Administrative Agent may determine in its Permitted Discretion to reflect the full amount of any liabilities or amounts which (by virtue of any Liens or any statutory provision) rank or are capable of ranking in priority to the Collateral
Agent’s and/or the Secured Creditors’ Liens and/or for amounts which may represent costs relating to the enforcement of the Administrative Agent’s Liens including, without limitation, but only to the extent prescribed pursuant to
English law and statute then in force, (a) amounts due to employees in respect of unpaid wages and holiday pay, (b) the “prescribed part” of floating charge realisations held for unsecured creditors, and (c) the expenses and
liabilities incurred by any administrator (or other insolvency officer) and any remuneration of such administrator (or other insolvency officer). 

“U.K. Restricted Subsidiary” shall mean any U.K. Subsidiary that is a Restricted Subsidiary. 

“U.K. Revolving Commitment” shall mean, with respect to each European (GNU) Revolving Lender, the commitment, if any, of such
Lender to make European (GNU) Revolving Loans hereunder up to the amount set forth and opposite such Lender’s name on the Commitment Schedule under the caption “U.K. Revolving Commitment,” or in the Assignment and Assumption Agreement
pursuant to which such Lender assumed its U.K. Revolving Commitment, as applicable, as the same may be (a) reduced from time to time pursuant to Section 2.07, (b) reduced or increased from time to time pursuant to
Section 2.20 and (c) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 12.04. 

  
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 “U.K. Security Agreement” shall mean the English law security agreement in
respect of Accounts, Inventory and Deposit Accounts dated as of the European (GNU) Closing Date, by and between the Collateral Agent, each of the Initial U.K. Borrowers and the Initial Dutch Borrower. 

“U.K. Subsidiary” shall mean any Subsidiary of the Company incorporated now or hereinafter under the laws of the United
Kingdom. 
 “U.K. Subsidiary Guarantor” shall mean each U.K. Restricted Subsidiary (other than the U.K. Borrowers) which is
a party to this Agreement on the European (GNU) Closing Date, as well as each U.K. Restricted Subsidiary established, created or acquired after the European (GNU) Closing Date which is required to become a party to this Agreement as a Guarantor in
accordance with the requirements of the Collateral and Guarantee Requirement. 
 “U.K. Treaty Lender” shall mean a Lender
which: 
 (a) is treated as a resident of a U.K. Treaty State for the purposes of the relevant U.K. Treaty; 

(b) does not carry on a business in the United Kingdom through a permanent establishment with which that Lender’s
participation in any advance is effectively connected; and 
 (c) fulfils any other conditions which must be fulfilled under
the relevant U.K. Treaty by residents of that U.K. Treaty State for such residents to obtain full exemption from Tax on interest by the United Kingdom (subject to the completion of any necessary procedural formalities). 

“Unfunded Pension Liability” shall mean the excess (if any) of a Pension Plan’s “funding target” (as such term
is defined in Section 430 of the Code), over such Pension Plan’s “value of plan assets” (as such term is defined in Section 430 of the Code), determined as of the valuation date of the most recent actuarial valuation of such
Pension Plan in accordance with the assumptions used for funding the Pension Plan pursuant to Section 412 of the Code for the applicable plan year. 

“United Kingdom” and “U.K.” shall mean the United Kingdom of Great Britain and Northern Ireland. 

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

“Unreimbursed Amount” shall have the meaning specified in Section 2.13(d). 

“Unrestricted Subsidiary” shall mean (a) each Subsidiary of the Company listed on
Schedule 1.01A, (b) any Subsidiary of the Company designated by the Company as an Unrestricted Subsidiary pursuant to Section 8.19(a) subsequent to the Initial Closing Date, and

  
 108 

 
(c) each Subsidiary of a Subsidiary specified in clauses (a) or (b) of this definition, in each case under clause (a), (b) or (c) of this definition, other than a Subsidiary that
(i) has been designated as a Restricted Subsidiary or (ii) ceased to be an Unrestricted Subsidiary as a result of a transaction permitted pursuant to Section 9.11. 

“Unused Line Fee” shall have the meaning provided in Section 2.05(a). 

“Unused Line Fee Rate” shall mean, for any day, (a) initially, a percentage per annum equal to 0.375% and
(b) following the end of the first full fiscal quarter after the Initial Closing Date, a percentage per annum determined by reference to the following grid based on the Average Usage in the aggregate under the Revolving A Subfacilities and the
Revolving B Facility as of the most recent Adjustment Date: 
  

					
	Average Usage	  	Unused Line Fee Rate	 
	 £50%
	  	 	0.375	% 
	 >50%
	  	 	0.250	% 

 “U.S. Base Rate” shall mean, for any day, a per annum rate equal to the greater of
(a) the Prime Rate for such day; (b) the Federal Funds Rate for such day, plus 0.50%; or (c) the Eurocurrency Rate for a Eurocurrency Rate Loan with a one-month interest period commencing on
such day plus 1.00%. For purposes of this definition, the Eurocurrency Rate shall be determined using the Eurocurrency Rate as otherwise determined by the Administrative Agent in accordance with the definition of Eurocurrency Rate. Any change in the
U.S. Base Rate due to a change in the Prime Rate, the Federal Funds Rate or such Eurocurrency Rate shall be effective as of the opening of business on the day of such change in the Prime Rate, the Federal Funds Rate or such Eurocurrency Rate,
respectively; and if the U.S. Base Rate shall be less than zero, such rate shall be deemed zero for purposes of this Agreement. 

“U.S. Base Rate Loan” shall mean each Revolving Loan which is designated or deemed designated as a U.S. Base Rate Loan by the
applicable U.S. Revolving Borrower at the time of the incurrence thereof or conversion thereto. 
 “U.S. Collateral” shall
mean all the “Collateral” (or equivalent term) as defined in the U.S. Security Agreements and all other property (whether real, personal or otherwise) with respect to which any security interests have been granted by any U.S. Credit
Parties pursuant to any U.S. Security Document. 
 “U.S. Collection Account” shall have the meaning provided in
Section 8.20(c)(i). 
 “U.S. Collection Bank” shall have the meaning provided in
Section 8.20(c)(i). 
 “U.S. Credit Party” shall mean each U.S. Revolving Borrower and each U.S.
Subsidiary Guarantor. 
 “U.S. Credit Party Guarantee” shall mean the guarantee of each U.S. Credit Party pursuant to
Section 13. 

  
 109 

 “U.S. Dilution Reserve” shall mean, at any date, (a) the amount by which
the consolidated Dilution Ratio of Eligible U.S. Accounts exceeds five percent (5%) multiplied by (b) the Eligible U.S. Accounts on such date. 

“U.S. Dollars” or “Dollars” and the sign “$” shall each mean freely transferable lawful
money (expressed in dollars) of the United States. 
 “U.S. IP Component” shall have the meaning provided in the definition
of the term “Revolving B Borrowing Base”. 
 “U.S. Issuing Bank” shall mean, as the context may require,
(a) BANA or any Affiliate or branch of BANA with respect to Letters of Credit issued by it; (b) any other Revolving A 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 Revolving A Lender; (c) with respect to any Existing Letter of Credit set forth on Part A of Schedule 1.01B, the Revolving A Lender which is the issuer of such Existing Letter of Credit or
(d) collectively, all of the foregoing. 
 “U.S. LC Collateral Account” shall mean a collateral account in the form of
a deposit account established and maintained by the Administrative Agent for the benefit of the Issuing Banks under the U.S. Revolving A Subfacility, in accordance with the provisions of Section 2.13(n). 

“U.S. LC Credit Extension” shall mean, with respect to any U.S. Letter of Credit, the issuance, amendment or renewal thereof
or extension of the expiry date thereof, or the increase of the amount thereof. 
 “U.S. LC Disbursement” shall mean a
payment or disbursement made by a U.S. Issuing Bank pursuant to a U.S. Letter of Credit. 
 “U.S. LC Documents” shall mean
all documents, instruments and agreements delivered by a U.S. Revolving Borrower or any Subsidiary to a U.S. Issuing Bank or the Administrative Agent in connection with any U.S. Letter of Credit. 

“U.S. LC Exposure” shall mean at any time the sum of (a) the aggregate undrawn Stated Amount of all outstanding U.S.
Letters of Credit at such time plus (b) the aggregate principal amount of all U.S. LC Disbursements that have not yet been reimbursed at such time. The U.S. LC Exposure of any Revolving A Lender at any time shall mean its Pro Rata Percentage of
the aggregate U.S. LC Exposure at such time. 
 “U.S. LC Obligations” shall mean the sum (without duplication) of
(a) all amounts owing by the U.S. Revolving Borrowers in respect of any U.S. LC Disbursements (including any payment obligations arising therefrom); and (b) the Stated Amount of all outstanding U.S. Letters of Credit. 

“U.S. LC Sublimit” shall mean (a) on the Initial Closing Date and until all of the French Closing Date, the Spanish
Closing Date, the European (GNU) Closing Date and the Australian Closing Date have occurred, $155,000,000 and (b) upon the occurrence of all of the French Closing Date, the Spanish Closing Date, the European (GNU) Closing Date and the
Australian Closing Date, $115,000,000. 

  
 110 

 “U.S. Letter of Credit” shall mean any standby, commercial or documentary letter
of credit, foreign guaranty, bank guarantee, documentary banker’s acceptance or similar instrument issued or to be issued by a U.S. Issuing Bank under the U.S. Revolving A Subfacility requested by a U.S. Revolving Borrower pursuant to
Section 2.13. 
 “U.S. Master Payer/Receiver” means the Company and/or any other U.S. Revolving
Borrower identified in writing to the Administrative Agent as a U.S. Revolving Borrower that will act as a U.S. Master Payer/Receiver. 

“U.S. Protective Advance” shall mean a U.S. Revolving A Protective Advance or a Revolving B Protective Advance. 

“U.S. Real Estate Component” shall have the meaning provided in the definition of the term “Revolving B Borrowing
Base”. 
 “U.S. RE/IP Amount” shall have the meaning provided in the definition of the term “Revolving B
Borrowing Base”. 
 “U.S. Revolving A Borrowing Base” shall mean, at the time of any determination, an amount equal to
the sum of the Dollar amount, without duplication, of 
 (a) 85% of the aggregate Outstanding Balance of Eligible U.S.
Accounts at such time (subject to, in the case of any Eligible Account in which the Account Debtor is TRU, the TRU Account Advance Rates); plus 

(b) the lesser of (i) 80% of the Cost of Eligible U.S. Inventory Non-AG at such time
and (ii) 85% of the Net Orderly Liquidation Value of Eligible U.S. Inventory Non-AG at such time; plus 

(c) the lesser of (i) 100% of the Cost of Eligible U.S. Inventory AG at such time and (ii) 85% of the Net Orderly Liquidation
Value of Eligible U.S. Inventory AG at such time; plus 
 (d) the lesser of (i) 80% of the Cost of Eligible In-Transit Inventory owned by the U.S. Revolving Borrowers at such time and (ii) 85% of the Net Orderly Liquidation Value of Eligible In-Transit Inventory owned by the U.S.
Revolving Borrowers at such time; plus 
 (e) the FILO Borrowing Base; minus 

(f) any Reserves established or modified from time to time by the Administrative Agent in the exercise of its Permitted
Discretion in accordance with the provisions of Section 2.22. 

  
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 The U.S. Revolving A Borrowing Base at any time shall be determined by reference to the most recent Borrowing
Base Certificate delivered to the Administrative Agent pursuant to Section 8.20(a), adjusted, in the Administrative Agent’s Permitted Discretion (pending the delivery of a new Borrowing Base Certificate), to reflect
the impact of any Significant Disposition (or any event or circumstance which, pursuant to the eligibility rules set forth in the definitions of Eligible Account, Eligible Inventory or Eligible In-Transit
Inventory, renders any such Account or Inventory ineligible for inclusion in the U.S. Revolving A Borrowing Base after delivery of the most recent Borrowing Base Certificate). The Administrative Agent shall have the right (but no obligation) to
review the computations in any Borrowing Base Certificate and if such computations have not been calculated in accordance with the terms of this Agreement, the Administrative Agent shall have the right, in consultation with the Company, to correct
any such errors in such manner as it shall reasonably determine and the Administrative Agent will notify the Company promptly in writing after making any such correction. 

“U.S. Revolving A Commitment” shall mean, with respect to each U.S. Revolving A Lender, the commitment, if any, of such
Lender to make U.S. Revolving A Loans hereunder up to the amount set forth and opposite such Lender’s name on the Commitment Schedule under the caption “U.S. Revolving A Commitment,” or in the Assignment and Assumption Agreement
pursuant to which such Lender assumed its U.S. Revolving A Commitment, as applicable, as the same may be (a) reduced from time to time pursuant to Section 2.07, (b) reduced or increased from time to time pursuant to
Section 2.20, (c) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 12.04, and (d) reduced from time to time in accordance with the
footnote in Schedule 2.01B. 
 “U.S. Revolving A Exposure” shall mean, with respect to any U.S. Revolving A Lender
at any time, the aggregate principal amount at such time of all outstanding U.S. Revolving A Loans of such Lender, plus the aggregate amount at such time of such Lender’s U.S. LC Exposure, plus the aggregate amount at such of such Lender’s
U.S. Swingline Exposure. 
 “U.S. Revolving A Lender” shall mean any Lender under the U.S. Revolving A Subfacility. 

“U.S. Revolving A Line Cap” shall mean, at any time, an amount that is equal to the lesser of (a) the U.S. Revolving A
Commitments and (b) the U.S. Revolving A Borrowing Base. 
 “U.S. Revolving A Loans” shall mean advances made to or at
the request of a U.S. Revolving Borrower pursuant to Section 2.01(a)(i) hereof under the U.S. Revolving A Subfacility. 

“U.S. Revolving A Note” shall mean each revolving note substantially in the form of Exhibit B-1 hereto. 
 “U.S. Revolving A Protective Advance” shall have the meaning
provided in Section 2.18. 
 “U.S. Revolving A Subfacility” shall have the meaning provided in
the recitals hereto, as applicable. 

  
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 “U.S. Revolving Borrowers” shall mean the Initial U.S. Borrowers and each
Domestic Subsidiary of the Company (other than a FSHCO or a direct or indirect Subsidiary of a CFC or FSHCO) that executes a counterpart hereof and each other applicable Credit Document (or a separate joinder hereto or thereto) to become a Revolving
Borrower, whether on the Initial Closing Date or after the Initial Closing Date in accordance with Section 2.21. 

“U.S. Security Agreements” shall mean (a) the U.S. Security Agreement (Current Assets) dated as of the Initial Closing
Date, by and between the Collateral Agent and each of the U.S. Credit Parties and (b) the U.S. Security Agreement (Non-Current Assets) dated as of the Initial Closing Date, by and between the Collateral
Agent and each of the U.S. Credit Parties. 
 “U.S. Security Documents” shall mean the U.S. Security Agreements and, after
the execution and delivery thereof, each Mortgage executed and delivered by any U.S. Credit Party with respect to any Real Property of such U.S. Credit Party, and each other document executed and delivered by any U.S. Credit Party pursuant to which
a Lien is granted in favor of the Collateral Agent to secure the Obligations, and each document, if any, executed and delivered by any U.S. Credit Party pursuant to the Additional Account Security Actions. 

“U.S. Subsidiary Guarantor” shall mean each Domestic Restricted Subsidiary (other than a U.S. Revolving Borrower, a FSHCO, or
a direct or indirect Subsidiary of a CFC or FSHCO) which is a party to this Agreement on the Initial Closing Date, as well as each Domestic Restricted Subsidiary established, created or acquired after the Initial Closing Date which is required to
become a party to this Agreement as a Guarantor in accordance with the requirements of the Collateral and Guarantee Requirement. 

“U.S. Swingline Commitment” shall mean the commitment of the U.S. Swingline Lender to make loans under the U.S. Revolving A
Subfacility pursuant to Section 2.12, as the same may be reduced from time to time pursuant to Section 2.07. 

“U.S. Swingline Exposure” shall mean, at any time, the aggregate principal amount at such time of all outstanding U.S.
Swingline Loans. The U.S. Swingline Exposure of any U.S. Revolving A Lender at any time shall equal its Pro Rata Percentage of the aggregate U.S. Swingline Exposure at such time. 

“U.S. Swingline Lender” shall mean BANA and its permitted successors and permitted assigns. 

“U.S. Swingline Loan” shall mean any Loan made by the U.S. Swingline Lender pursuant to
Section 2.12. 
 “U.S. Swingline Note” shall mean each swingline note substantially in the form
of Exhibit B-7 hereto. 
 “U.S. Tax Compliance
Certificate” shall have the meaning provided in Section 4.01(d). 
 “VAT” shall mean
(a) any tax imposed in compliance with the Council Directive of 28 November 2006 on the common system of value added tax (EC Directive 2006/112) and (b) any other tax of a similar nature, whether imposed in a member state of the
European Union in substitution for, or levied in addition to, such tax referred to in paragraph (a) above, or imposed elsewhere. 

  
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 “Weekly Reporting Event” shall mean the occurrence of a date when (a) an
Event of Default has occurred and is continuing or (b) for three consecutive Business Days, Total Excess Availability shall have been less than the greater of (i) 12.5% of the Line Cap and (ii) $125,000,000, in either case at any time,
until such date as no Event of Default shall exist and, for a period of 30 consecutive calendar days, Total Excess Availability shall have been at least equal to the greater of (i) 12.5% of the Line Cap and (ii) $125,000,000. 

“Weighted Average Life to Maturity” shall mean, when applied to any Indebtedness at any date, the number of years obtained by
dividing (a) the then outstanding principal amount of such Indebtedness into (b) the product obtained by multiplying (i) the amount of each then-remaining installment or other required scheduled payments of principal, including
payment at final maturity, in respect thereof, by (ii) the number of years (calculated to the nearest one-twelfth) that will elapse between such date and the making of such payment. 

“Wholly-Owned Restricted Subsidiary” shall mean, as to any Person, any Wholly-Owned Subsidiary of such Person which is a
Restricted Subsidiary of such Person. 
 “Wholly-Owned Subsidiary” shall mean, as to any Person, (a) any corporation
100% of whose Capital Stock is at the time owned by such Person and/or one or more Wholly-Owned Subsidiaries of such Person and (b) any partnership, association, joint venture or other entity in which such Person and/or one or more Wholly-Owned
Subsidiaries of such Person owns 100% of the Equity Interests at such time (other than, in the case of a Foreign Subsidiary with respect to preceding clauses (a) or (b), director’s qualifying shares and/or other nominal amounts of shares
required to be held by Persons other than the Company and any Restricted Subsidiary under applicable Requirements of Law). 

“Write-Down and Conversion Powers” shall mean, with respect to any EEA Resolution Authority, the write-down and conversion
powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule. 
 “WURA” shall mean the
Winding-up and Restructuring Act (Canada), as amended. 
 1.02. Terms Generally. The
definitions in Section 1.01 shall apply equally to both the singular and plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms.
The words “include,” “includes” and “including” shall be deemed to be followed by the phrase “without limitation.” The word “will” shall be construed to have the same meaning and effect as the word
“shall”; and the words “asset” and “property” shall be construed as having the same meaning and effect and to refer to any and all tangible and intangible assets and properties, including cash, securities, accounts and
contract rights. The words “herein,” “hereof” and “hereunder,” and words of similar import, shall be construed to refer to this Agreement in its entirety and not to any particular provision of this Agreement unless the
context shall otherwise require. All references herein to Articles, Sections, paragraphs, clauses, subclauses, Exhibits and Schedules shall be 

  
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deemed references to Articles, Sections, paragraphs, clauses and subclauses of, and Exhibits and Schedules to, this Agreement unless the context shall otherwise require. Unless otherwise
expressly provided herein, (a) all references to documents, instruments, agreements (including the Credit Documents and organizational documents) and other Contractual Requirements shall be deemed to include all subsequent amendments,
restatements, amendments and restatements, supplements and other modifications thereto, but only to the extent that such amendments, restatements, amendments and restatements, supplements and other modifications are not prohibited by any Credit
Document and (b) references to any Requirement of Law shall include all statutory and regulatory provisions consolidating, amending, replacing, supplementing or interpreting such Requirement of Law. Unless otherwise specified, all references
herein to times of day shall be references to New York City time (daylight or standard, as applicable). 
 1.03. Uniform Commercial Code
and PPSA. As used herein, the following terms are defined in accordance with the UCC in effect in the State of New York (and with respect to any Canadian Credit Party, such definition or correlative terms (if existing) under the PPSA shall be
defined in accordance with the PPSA) from time to time: “Chattel Paper,” “Commercial Tort Claim,” “Contract,” “control,” “Deposit Account” (which shall specifically include any account at any
financial institution with a deposit function and any ADI Account), “Document” (“document of title” as defined in the PPSA), “Electronic Chattel Paper,” “Equipment,” “General Intangibles”
(“intangibles” as defined in the PPSA), “Letter-of-Credit Right,” “Location,” “Instrument,” “Securities Account,”
“Securities Intermediary,” “Supporting Obligation,” and “Tangible Chattel Paper”. 
 1.04. Exchange Rates;
Currency Equivalent. 
 (a) The Administrative Agent or the Issuing Bank, as applicable, shall use the Spot Rates as of each Revaluation
Date for the purpose of calculating Dollar Equivalent amounts of Credit Extensions and Outstanding Amounts denominated in Alternative Currencies. Such Spot Rates shall become effective as of such Revaluation Date and shall be the Spot Rates employed
in converting any amounts between the applicable currencies for such purposes until the next Revaluation Date to occur. The Company shall report value and other Borrowing Base components to the Administrative Agent in the currency invoiced by the
Credit Parties or shown in the Company’s financial records, and, shall deliver financial statements and calculate financial covenants in Dollars. 

(b) Wherever in this Agreement (in connection with a Borrowing, conversion, continuation or prepayment of a Revolving A Loan or the issuance,
amendment or extension of a Letter of Credit), an amount, such as a required minimum or multiple amount, is expressed in Dollars, but such Borrowing, Revolving A Loan or Letter of Credit is denominated in an Alternative Currency, such amount shall
be the relevant Alternative Currency Equivalent of such Dollar amount (rounded to the nearest unit of such Alternative Currency, with 0.5 of a unit being rounded upward), as determined by the Administrative Agent or the Issuing Bank, as the case may
be, based on the then applicable Spot Rate. 
 (c) The Administrative Agent does not warrant, nor accept responsibility, nor shall the
Administrative Agent have any liability with respect to the administration, submission or any other matter related to the rates in the definition of the term “Eurocurrency Rate” or with respect to any comparable or successor rate thereto.

  
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 1.05. Interpretation (Quebec). For purposes of any Collateral located in the Province of
Quebec or charged by any deed of hypothec (or any other Credit Document) and for all other purposes pursuant to which the interpretation or construction of a Credit Document may be subject to the Requirements of Law of the Province of Quebec or a
court or tribunal exercising jurisdiction in the Province of Quebec, (a) “personal property” shall be deemed to include “movable property,” (b) “real property” shall be deemed to include “immovable property,”
(c) “tangible property” shall be deemed to include “corporeal property,” (d) “intangible property” shall be deemed to include “incorporeal property,” (e) “security interest,” “mortgage” and
“lien” shall be deemed to include a “hypothec,” “prior claim” and a “resolutory clause,” (f) all references to filing, registering or recording under the UCC or the PPSA shall be deemed to include publication
under the Civil Code of Quebec, (g) all references to “perfection” of or “perfected” Liens shall be deemed to include a reference to an “opposable” or “set up” Liens as against third parties, (h) any
“right of offset,” “right of setoff” or similar expression shall be deemed to include a “right of compensation,” (i) “goods” shall be deemed to include “corporeal movable property” other than Chattel
Paper, documents of title, instruments, money and securities, (j) an “agent” shall be deemed to include a “mandatary,” (k) “construction liens” shall be deemed to include “legal hypothecs,” (l)
“joint and several” shall be deemed to include “solidary,” (m) “gross negligence or willful misconduct” shall be deemed to be “intentional or gross fault,” (n) “beneficial ownership” shall be deemed
to include “ownership on behalf of another as mandatary,” (o) “easement” shall be deemed to include “servitude,” (p) “priority” shall be deemed to include “prior claim,” (q) “survey” shall
be deemed to include “certificate of location and plan,” (r) “fee simple title” shall be deemed to include “absolute ownership” and (s) “ground lease” shall be deemed to include “emphyteutic lease.”
The parties hereto confirm that it is their wish that this Agreement and any other document executed in connection with the transactions contemplated herein be drawn up in the English language only (except if another language is required under any
applicable Requirement of Law) and that all other documents contemplated thereunder or relating thereto, including notices, may also be drawn up in the English language only. Les parties aux présentes confirment que c’est leur
volonté que cette convention et les autres documents de crédit soient rédigés en langue anglaise seulement et que tous les documents, y compris tous avis, envisagés par cette convention et les autres documents
peuvent être rédigés en langue anglaise seulement (sauf si une autre langue est requise en vertu d’une loi applicable). 

1.06. Currency Fluctuations. 

(a) If at any time following one or more fluctuations in the exchange rate of an Alternative Currency against the Dollar, (x) the Dollar
Equivalent of Revolving A Exposure exceeds the Revolving A Line Cap or (y) the Dollar Equivalent of any part of the Revolving A Exposure (including any Revolving A Subfacility) exceeds any other limit set forth herein for such Revolving A
Exposure, the Company shall within three (3) Business Days of written notice of same from the Administrative Agent or, if an Event of Default has occurred and is continuing, within 1 Business Day after written notice of the same from the
Administrative Agent (i) make the necessary payments or repayments to reduce such Revolving A Exposure to an amount necessary to eliminate such excess or (ii) maintain or cause to be maintained with the

  
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Administrative Agent deposits in an amount equal to or greater than the amount of such excess, such deposits to be maintained in such form and upon such terms as are reasonably acceptable to the
Administrative Agent. Without in any way limiting the foregoing provisions, the Administrative Agent shall, weekly or more frequently in the Administrative Agent’s sole discretion, make the necessary Spot Rate calculations to determine whether
any such excess exists on such date. 
 (b) For purposes of any determination under Section 8,
Section 9 (other than Section 9.12) or Section 10 or any determination under any other provision of this Agreement (other than as specifically set forth in
Section 1.04 or Section 1.06(a)) requiring the use of a current exchange rate, all amounts Incurred or proposed to be Incurred in currencies other than Dollars shall be translated into Dollars at
the Spot Rate then in effect on the date of such determination; provided, however, that (x) for purposes of determining compliance with Section 9 with respect to the amount of any Indebtedness, Lien,
Investment, Disposition, Restricted Payment or Restricted Junior Debt Prepayment in a currency other than Dollars, no Default or Event of Default shall be deemed to have occurred solely as a result of changes in rates of exchange occurring after the
time such Indebtedness, Lien or Investment is Incurred or Disposition, Restricted Payment or Restricted Junior Debt Prepayment is made, (y) for purposes of determining compliance with any Dollar-denominated restriction on the Incurrence of
Indebtedness, if such Indebtedness is Incurred in a Permitted Refinancing in respect of any Indebtedness denominated in a foreign currency, and such Incurrence of Refinancing Indebtedness would cause the applicable Dollar-denominated restriction to
be exceeded if calculated at the relevant currency Spot Rate in effect on the date of the Incurrence of such Refinancing Indebtedness, such Dollar-denominated restriction shall be deemed not to have been exceeded and (z) for the avoidance of
doubt, the foregoing provisions of this Section 1.06(b) shall otherwise apply to such Sections, including with respect to determining whether any Indebtedness, Lien or Investment may be Incurred or any Disposition,
Restricted Payment or Restricted Junior Debt Prepayment may be made at any time under such Sections. For purposes of Section 9.12, amounts in currencies other than Dollars shall be translated into Dollars at the applicable
exchange rates used in preparing the most recently delivered Section 8.01 Financials. 
 1.07. Interpretation (the Netherlands).
For purposes of this Agreement, in case reference is made to a Dutch Credit Party and for all other purposes pursuant to which the interpretation or construction of a Credit Document may be subject to the Requirements of Law of the Netherlands,
(a) a necessary action to authorise, where applicable, includes without limitation: (i) if applicable, any action required to comply with the Dutch Works Councils Act (Wet op de ondernemingsraden) and (ii) if applicable,
obtaining unconditional positive, conditional positive or neutral advice (advies) from each competent works council, which if conditional, contains conditions which, if complied with, are not reasonably likely to cause a breach with any terms
of any of the Credit Documents; (b) a winding-up, administration or dissolution includes a Dutch entity being: (i) declared bankrupt (failliet verklaard) and (ii) dissolved
(ontbonden); (c) a (provisional) moratorium includes (voorlopige) surseance van betaling and granted a (provisional) moratorium includes (voorlopige) surseance verleend; (d) a trustee in bankruptcy includes a curator;
(e) an administrator includes a bewindvoerder; (f) a receiver or an administrative receiver does not include a curator or bewindvoerder; and (g) an attachment includes a beslag. In relation to a Dutch Deposit Account, control means a
disclosed right of pledge (openbaar pandrecht) over such Deposit Account granted to the Collateral Agent and without the Collateral Agent as pledgee authorizing the relevant pledgor (pandgever) to collect payments as referred to in
provision 3:246 subsection 4 of the Dutch Civil Code (Burgerlijk Wetboek). 

  
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 1.08. Australian Terms. Without prejudice to the generality of any provision of this
Agreement, in this Agreement where it relates to an Australian Credit Party or any of its Subsidiaries incorporated under the laws of Australia or any state or territory thereof, a reference in this Agreement to (a) “Affiliate” means any
entity referred to in section 50AA of the Australian Corporations Act, (b) “Controller”, “receiver” or “receiver manager” has the meaning given to it in section 9 of the Australian Corporations Act, (c) “Account
Debtor” also includes any “account debtor” as defined in section 10 of the Australian PPSA, (d) “GAAP” means accounting principles and practices consistently applied which are generally accepted in Australian and are
consistent with any applicable legislation, including instruments in force under section 334 of the Australian Corporations Act and provisions of such instruments, (e) “Inventory” and “Chattel Paper” has the meaning provided in
the Australian PPSA, and (f) “Subsidiary” means a subsidiary within the meaning given in Part 1.2 Division 6 of the Australian Corporations Act. 

1.09. Interpretation (France). For purposes of this Agreement, in case reference is made to a French Credit Party and for all other
purposes pursuant to which the interpretation or construction of a Credit Document may be subject to the Requirements of Law of France, (a) a “bankruptcy”, “insolvency”, “dissolution” or “liquidation”
includes (i) a French Credit Party is unable or admits inability to pay any of its debts (in full or a substantial part) as they fall due or suspends making payments on any of its debts (in full or a substantial part) when they become due,
(ii) a French Credit Party is or becomes in cessation des paiements within the meaning of article L.631-1 of the French Code de commerce or encounters difficulties that it is not able to
overcome within the meaning of article L.620-1 of the French Code de commerce, or becomes insolvent under any applicable insolvency law or (iii) a moratorium is declared in respect of any
indebtedness of a French Credit Party or a French Credit Party is subject to alert procedure (procédure d’alerte) by its statutory auditors in accordance with article L.234-1, L.234-2 or L.612-3 of the French Code de commerce; (b) an “attachment” includes a saisie; (c) a “consolidation” includes in relation to
any company any contribution of part of its business in consideration of shares (apport partiel d’actifs) and any demerger (scission) implemented in accordance with articles L.236 1 to L.236 24 of the French Code de commerce; (d)
“financial assistance” has the meaning stated in article L.225-216 of the French Code de commerce or in any other foreign law on financial assistance that is mandatorily applicable to a French Credit
Party; (e) “gross negligence” includes faute lourde; (f) a “guarantee” means any type of sûreté personnelle; (g) “insolvency proceeding” means (i) any corporate action or legal
proceeding is taken by a French Credit Party in relation to (A) the suspension of payments, a moratorium of all or any indebtedness, dissolution, the opening of proceedings for sauvegarde (including, for the avoidance of doubt,
sauvegarde accélérée and sauvegarde financière accélérée), redressement judiciaire or liquidation judiciaire or reorganisation (in the context of a mandat ad hoc or
of a conciliation or otherwise) of a French Credit Party other than a solvent liquidation or reorganisation, (B) the appointment of a liquidator, receiver, administrator, administrative receiver, temporary administrator, mandataire ad-hoc, conciliateur or other person exercising similar functions in respect of a French Credit Party or in respect of all or any of their respective assets, except in relation to the appointment of a
liquidator in case of an amicable dissolution 

  
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(liquidation amiable) of a French Credit Party, or (C) the enforcement of any Lien over any assets of any member of the group occurs, (ii) a French Credit Party commences proceedings
for the appointment of a mandataire ad hoc or the opening of a procédure de conciliation in accordance with articles L. 611-3 to L. 611-15 of the
French Code de commerce, (iii) a judgment opening proceedings for sauvegarde (including, for the avoidance of doubt, sauvegarde accélérée and sauvegarde financière
accélérée), redressement judiciaire or liquidation judiciaire or ordering a cession totale ou partielle de l’entreprise is rendered in relation to a French Credit Party in accordance with articles L.620-1 to L.670-8 of the French Code de commerce, (iv) any procedure, judgment or step is taken, which has effects that are substantially the same as those
referred to in paragraphs (i) through (iii) above; (h) “merger’ includes any fusion implemented in accordance with articles L.236 1 to L.236 24 of the French Code de commerce; (i) “trustee, fiduciary and fiduciary duty”
has in each case the meaning given to such term under any applicable law; the “inability to pay any of its debts” (or any equivalent wording) means, in respect of any person being in a state of cessation des paiements in accordance
with the French Code de commerce; (j) a “receiver” includes an administrateur judiciaire, a mandataire ad hoc or a conciliateur; and (k) “willful misconduct” means dol. 

1.10. Additional Alternative Currencies. 

(a) The Company may from time to time request that Eurocurrency Rate Loans be made and/or Letters of Credit be issued in a currency other than
those specifically listed in the definition of the term “Alternative Currency”; provided that such requested currency is a lawful currency (other than Dollars) that is readily available and freely transferable and convertible into
Dollars. In the case of any such request with respect to the making of Eurocurrency Rate Loans, such request shall be subject to the approval of the Administrative Agent and each Revolving A Lender; and in the case of any such request with respect
to the issuance of Letters of Credit, such request shall be subject to the approval of the Administrative Agent and each Issuing Bank that will be required to issue Letters of Credit in such Alternative Currency. 

(b) Any such request shall be made to the Administrative Agent not later than 11:00 a.m., Chicago Time, 20 Business Days prior to the date
of the desired Credit Extension (or such other time or date as may be agreed by the Administrative Agent and, in the case of any such request pertaining to Letters of Credit, the applicable Issuing Bank, in its or their sole discretion). In the case
of any such request pertaining to Eurocurrency Rate Loans, the Administrative Agent shall promptly notify each Revolving A Lender thereof; and in the case of any such request pertaining to Letters of Credit, the Administrative Agent shall promptly
notify the applicable Issuing Bank thereof. Each Revolving A Lender (in the case of any such request pertaining to Eurocurrency Rate Loans) or the applicable Issuing Bank (in the case of a request pertaining to Letters of Credit) shall notify the
Administrative Agent, not later than 11:00 a.m., Chicago Time, ten Business Days after receipt of such request whether it consents, in its sole discretion, to the making of Eurocurrency Rate Loans or the issuance of Letters of Credit, as the case
may be, in such requested currency. 
 (c) Any failure by a Revolving A Lender or the applicable Issuing Bank, as the case may be, to respond
to such request within the time period specified in the preceding sentence shall be deemed to be a refusal by such Revolving A Lender or such Issuing Bank, as the case may be, to permit Eurocurrency Rate Loans to be made or Letters of Credit to be
issued in such 

  
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requested currency. If the Administrative Agent and all the Revolving A Lenders consent to making Eurocurrency Rate Loans in such requested currency, the Administrative Agent shall so notify the
Company and such currency shall thereupon be deemed for all purposes to be an Alternative Currency hereunder for purposes of any Revolving A Borrowings of Eurocurrency Rate Loans; and if the Administrative Agent and the applicable Issuing Bank
consent to the issuance of Letters of Credit in such requested currency, the Administrative Agent shall so notify the Company and such currency shall thereupon be deemed for all purposes to be an Alternative Currency hereunder for purposes of any
Letter of Credit issuances. If the Administrative Agent shall fail to obtain consent to any request for an additional currency under this Section 1.10, the Administrative Agent shall promptly so notify the Company. 

1.11. Change of Currency. 

(a) Each obligation of the Revolving Borrowers to make a payment denominated in the national currency unit of any member state of the European
Union that adopts the Euro as its lawful currency after the date hereof shall be redenominated into Euro at the time of such adoption. If, in relation to the currency of any such member state, the basis of accrual of interest expressed in this
Agreement in respect of that currency shall be inconsistent with any convention or practice in the London interbank market for the basis of accrual of interest in respect of the Euro, such expressed basis shall be replaced by such convention or
practice with effect from the date on which such member state adopts the Euro as its lawful currency; provided that if any Borrowing in the currency of such member state is outstanding immediately prior to such date, such replacement shall
take effect, with respect to such Borrowing, at the end of the then current Interest Period. 
 (b) Each provision of this Agreement shall be
subject to such reasonable changes of construction as the Administrative Agent may from time to time specify to be appropriate to reflect the adoption of the Euro by any member state of the European Union and any relevant market conventions or
practices relating to the Euro. 
 (c) Each provision of this Agreement also shall be subject to such reasonable changes of construction as
the Administrative Agent may from time to time specify to be appropriate to reflect a change in currency of any other country and any relevant market conventions or practices relating to the change in currency. 

1.12. Letter of Credit Amounts. 

Unless otherwise specified herein, the amount of a Letter of Credit at any time shall be deemed to be the Dollar Equivalent of the Stated
Amount of such Letter of Credit in effect at such time; provided, however, that with respect to any Letter of Credit that, by its terms or the terms of any LC Document related thereto, provides for one or more automatic increases in
the Stated Amount thereof, the amount of such Letter of Credit shall be deemed to be the Dollar Equivalent of the maximum Stated Amount of such Letter of Credit after giving effect to all such increases, whether or not such maximum Stated Amount is
in effect at such time. 

  
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 1.13. Accounting Terms. 

(a) All accounting terms not specifically or completely defined herein shall be construed in conformity with, and all financial data (including
financial ratios and other financial calculations) required to be submitted pursuant to this Agreement shall be prepared in conformity with, GAAP, as in effect from time to time; provided, however, that if at any time (i) any
change in GAAP, (ii) the election by the Company to change from generally accepted accounting principles in the United States of America to IFRS or (iii) any change in the fiscal year of the Company permitted pursuant to
Section 9.09(b) would affect the computation of any financial ratio or requirement set forth in the Credit Documents, and either the Company or the Required Lenders so request, the Administrative Agent, the Lenders and the
Company shall negotiate in good faith to amend such ratio or requirement to preserve the original intent thereof in light of such change in GAAP, election to change to IFRS or change in fiscal year (subject to the approval of the Required Lenders
and the Company); provided that, until so amended, (i) such ratio or requirement shall continue to be computed in accordance with GAAP prior to such change in GAAP, election to change to IFRS or change in fiscal year and (ii) the Company
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, election to change to IFRS or change in fiscal year. 
 (b) Where reference is
made to “the Company and its Restricted Subsidiaries, on a consolidated basis” or similar language, such consolidation shall not include any Subsidiaries of the Company other than Restricted Subsidiaries. 

(c) Notwithstanding any other provision contained herein, (i) all terms of an accounting or financial nature used herein shall be
construed, and all computations of amounts and ratios referred to herein shall be made, without giving effect to any election under the Financial Accounting Standards Board’s Accounting Standards Codification No. 825—Financial Instruments,
or any successor thereto (including pursuant to the Accounting Standards Codification), to value any Indebtedness of the Company or any Subsidiary at “fair value” as defined therein and (ii) all leases and obligations under any leases
of any Person that are or would be characterized as operating leases and/or operating lease obligations in accordance with GAAP on January 1, 2016 (whether or not such operating leases and/or operating lease obligations were in effect on such
date) shall continue to be accounted for as operating leases and/or operating lease obligations (and not as capital leases and/or Capitalized Lease Obligations) for purposes of this Agreement regardless of any change in GAAP following the date that
would otherwise require such obligations to be recharacterized as capital leases and/or Capitalized Lease Obligations. 
 (d) For the
avoidance of doubt, notwithstanding any classification under GAAP of any Person or business in respect of which a definitive agreement for the disposition thereof has been entered into as discontinued operations, the Net Income of such Person or
business shall not be excluded from the calculation of Net Income until such disposition shall have been consummated. 

  
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 1.14. Pro Forma and Other Calculations. 

(a) Notwithstanding anything to the contrary herein, financial ratios and tests (including measurements of Consolidated EBITDA), including the
Consolidated Fixed Charge Coverage Ratio, shall be calculated in the manner prescribed by this Section 1.14. In addition, whenever a financial ratio or test is to be calculated on a pro forma basis or requires pro forma
compliance, the reference to “Test Period” for purposes of calculating such financial ratio or test shall be deemed to be a reference to, and shall be based on, the most recently ended Test Period for which Section 8.01 Financials
have been delivered. 
 (b) For purposes of calculating any financial ratio or test (including Consolidated EBITDA), Investments,
acquisitions, dispositions, mergers, amalgamations, consolidations, and discontinued operations (as determined in accordance with GAAP) that involve aggregate consideration or are reasonably expected to result in a contribution to Consolidated
EBITDA, in each case, in an amount in excess of the Threshold Amount, in each case other than transactions solely among the Company and/or its Subsidiaries that are permitted by this Agreement and have no effect on Consolidated EBITDA (any such
transaction, a “Material Transaction”), have been made by the Company or any of its Restricted Subsidiaries during the applicable Test Period or subsequent to such Test Period and on or prior to or simultaneously with the event for
which the calculation of any such ratio is made shall be calculated on a pro forma basis assuming that all such Material Transactions (and the change in any associated Consolidated Fixed Charges and the change in Consolidated EBITDA resulting
therefrom) had occurred on the first day of the applicable Test Period. If since the beginning of such period any Person that subsequently became a Restricted Subsidiary or was merged with or into the Company or any of its Restricted Subsidiaries
since the beginning of such period shall have consummated a Material Transaction that would have required adjustment pursuant to this definition, then such financial ratio or test (including Consolidated Fixed Charges and Consolidated EBITDA) shall
be calculated giving pro forma effect thereto for such period as if such Material Transaction had occurred at the beginning of the applicable Test Period. 

(c) Whenever pro forma effect is to be given to any Material Transaction, the pro forma calculations shall be made in good faith by a
responsible financial or accounting officer of the Company (and may include, for the avoidance of doubt, cost savings and synergies resulting from such Material Transaction which is being given pro forma effect that have been or are expected to be
realized; provided that any pro forma adjustments in respect of cost savings and synergies shall (i) be reasonably identifiable and factually supportable, (ii) be limited to those which are expected to be realized within 12 months
of the applicable date of such calculation and (iii) not exceed, for any Test Period, an amount for such Test Period, equal to 10% of Consolidated EBITDA for such Test Period prior to giving effect to any adjustments pursuant to this paragraph
for such Test Period). It is agreed by the parties hereto that the adjustments under this clause (c) are in addition to any adjustments under the definition of Consolidated EBITDA. 

(d) In the event that the Company or any of its Restricted Subsidiaries Incurs (including by assumption or guarantee), repays or refinances
(including by redemption, repurchase, repayment, retirement or extinguishment) any Indebtedness (other than Indebtedness Incurred or refinanced under any revolving credit facility or line of credit unless such Indebtedness has been permanently
repaid and not replaced) in an amount in excess of the 

  
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Threshold Amount (any such Indebtedness, “Material Indebtedness”), in each case included in the calculations of any financial ratio or test, (i) during the applicable Test
Period or (ii) subsequent to the end of the applicable Test Period and prior to or simultaneously with the event for which the calculation of any such ratio is made, then such financial ratio or test shall be calculated giving pro forma effect
to such Incurrence, repayment or refinancing of such Material Indebtedness, in each case to the extent required, as if the same had occurred on the on the first day of the applicable Test Period; provided that the foregoing shall not apply to
any calculation of the Consolidated Fixed Charge Coverage Ratio pursuant to Section 9.12. 
 (e) If any Material
Indebtedness bears a floating rate of interest and is being given pro forma effect, the interest on such Material Indebtedness shall be calculated as if the rate in effect on date of the event for which the calculation of the Consolidated Fixed
Charge Coverage Ratio is made had been the applicable rate for the entire period (taking into account any Hedging Agreements applicable to such Indebtedness and having a remaining term in excess of twelve months) and including for purposes of
calculating the Consolidated Fixed Charge Coverage Ratio pursuant to Section 9.12 prior to the first anniversary of the Initial Closing Date. Interest on a Capitalized Lease Obligation shall be deemed to accrue at an
interest rate reasonably determined by a Responsible Officer of the Company to be the rate of interest implicit in such Capitalized Lease Obligation in accordance with GAAP. For purposes of making the computation referred to above, interest on any
Indebtedness under a revolving credit facility shall be computed based upon the average daily balance of such Indebtedness during the applicable period. Interest on Indebtedness that may optionally be determined at an interest rate based upon a
factor of a prime or similar rate, a eurocurrency interbank offered rate, or other rate, shall be deemed to have been based upon the rate actually chosen, or, if none, then based upon such optional rate chosen as the Company may designate. 

(f) Any calculation of Total Excess Availability or Consolidated Fixed Charge Coverage Ratio made on a pro forma basis in determining
compliance with the Payment Conditions shall be made as if any applicable Specified Transaction had been made at the beginning of the applicable Test Period. The calculation of the Consolidated Fixed Charge Coverage Ratio for the purposes of
compliance with the Payment Conditions shall include as a deduction to Consolidated EBITDA (i) each distribution or payment as to which the Payment Conditions are being applied and, without duplication, (ii) all other distributions or
payments made during the applicable Test Period as to which the Payment Conditions were applicable, notwithstanding the absence of those distributions or payments from the definition of Consolidated Fixed Charge Coverage Ratio and/or Consolidated
Fixed Charges. 
 1.15. Interpretation (Spain). For purposes of this Agreement, in case reference is made to a Spanish Borrower and
for all other purposes pursuant to which the interpretation or construction of a Credit Document may be subject to the Requirements of Law of Spain, (a) a “bankruptcy”, “insolvency”, “dissolution” or
“liquidation” includes (i) a Spanish Borrower is unable or admits inability to pay any of its debts (in full or a substantial part) as they fall due or suspends making payments on any of its debts (in full or a substantial part) when
they become due, (ii) a concurso within the meaning of Spanish Insolvency Act (Act 22/2003 dated 9 July 2003, as amended) is declared in respect of a Spanish Borrower or such Spanish Borrower becomes insolvent under any applicable
insolvency law or (iii) a Spanish Borrower is a situation of equity imbalance (desequilibrio patrimonial) within the meaning of Article 363-1-e of the 

  
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Spanish Capital Companies Act (Royal Legislative Decree 1/2010 dated 2 July 2010, as amended); (b) an “attachment” includes an embargo; (c) a “consolidation”
includes in relation to any company any contribution of part of its business in consideration of shares (aportación de rama de actividad) and any demerger (escisión/segregación) implemented in accordance with the
Spanish Capital Companies Act or the Spanish Act on Structural Modifications of Mercantile Companies (Act 3/2009 dated 3 April 2009, as amended); (e) “gross negligence” includes negligencia grave; (f) a
“guarantee” means any type of garantía personal, whether abstract or otherwise; (g) “insolvency proceeding” means (i) any corporate action or legal proceeding is taken by a Spanish Borrower in relation to
(A) the suspension of payments, a moratorium of all or any indebtedness, dissolution, winding-up, liquidation, the opening of proceedings for concurso, a refinancing arrangement under Article 71
bis of the Spanish Insolvency Act, a scheme of arrangement (homologación de acuerdo de refinanciación) under the Fourth Additional Provision of the Spanish Insolvency Act, an out-of-court payment arrangement (acuerdo extrajudicial de pagos) under Article 231 of the Spanish Insolvency Act or the reorganisation of a Spanish Borrower other than a solvent liquidation or
reorganisation, (B) the appointment of a liquidator, receiver, administrator, administrative receiver, temporary administrator, administrador concursal, liquidador or other person exercising similar functions in respect of a
Spanish Borrower or in respect of all or any of their respective assets, or (C) the enforcement of any Lien over any assets of any member of the group occurs, o (ii) any procedure, judgment or step is taken, which has effects that are
substantially the same as those referred to in paragraph (i) above; (h) “merger’ includes any fusion implemented in accordance with the Spanish Act on Structural Modifications of Mercantile Companies; (i) “trustee, fiduciary
and fiduciary duty” has in each case the meaning given to such term under any applicable law; (j) a “receiver” includes an administrador concursal; and (k) “willful misconduct” means dolo. 

1.16. BAMLI Merger. 
 Any
reference to “Bank of America Merrill Lynch International Limited” is a reference to its successor in title Bank of America Merrill Lynch International Designated Activity Company (including, without limitation, its branches) pursuant to
and with effect from the merger between Bank of America Merrill Lynch International Limited and Bank of America Merrill Lynch International Designated Activity Company that takes effect in accordance with the Cross-Border Mergers Directive
(2005/56/EC) (as codified) as implemented in the United Kingdom and Ireland. Notwithstanding anything to the contrary in any Credit Document, a transfer of rights and obligations from Bank of America Merrill Lynch International Limited to Bank of
America Merrill Lynch International Designated Activity Company pursuant to such merger shall be permitted. 
 Section 2. Amount and
Terms of Credit. 
 2.01. Commitments. 

(a) Subject to the terms and conditions set forth herein, including Sections 5 and 6, and relying upon the
representations and warranties set forth herein, (i) each U.S. Revolving A Lender agrees, severally and not jointly, to make U.S. Revolving A Loans to the U.S. Revolving Borrowers, at any time and from time to time during the Availability
Period, in an aggregate 

  
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principal amount up to its U.S. Revolving A Commitment; (ii) each Revolving B Lender agrees, severally and not jointly, to make Revolving B Loans to the U.S. Revolving Borrowers, at any time
and from time to time during the Availability Period, in an aggregate principal amount up to its Revolving B Commitment; (iii) each Canadian Revolving Lender agrees, severally and not jointly, to make, Canadian Revolving Loans to the Canadian
Borrowers, at any time and from time to time during the Availability Period, in an aggregate principal amount up to its Canadian Revolving Commitment; (iv) each French Revolving Lender agrees, severally and not jointly, to make, French
Revolving Loans to the French Borrowers, at any time and from time to time during the Availability Period, in an aggregate principal amount up to its French Revolving Commitment; (v) each Spanish Revolving Lender agrees, severally and not
jointly, to make, Spanish Revolving Loans to the Spanish Borrowers, at any time and from time to time during the Availability Period, in an aggregate principal amount up to its Spanish Revolving Commitment; (vi) each European (GNU) Revolving
Lender agrees, severally and not jointly, to make, European (GNU) Revolving Loans to the European (GNU) Borrowers, at any time and from time to time during the Availability Period, in an aggregate principal amount up to its European (GNU) Revolving
Commitment; or (vii) each Australian Revolving Lender agrees, severally and not jointly, to make, Australian Revolving Loans to the Australian Borrowers, at any time and from time to time during the Availability Period, in an aggregate
principal amount up to its Australian Revolving Commitment; provided, that, the agreement by European (GNU) Revolving Lenders to make European (GNU) Revolving Loans shall be limited (x) in the case of European (GNU) Revolving Loans to
Dutch Borrowers, to an aggregate amount not to exceed at any time outstanding the Dutch Line Cap, (y) in the case of European (GNU) Revolving Loans to U.K. Borrowers, to an aggregate amount not to exceed at any time outstanding the U.K. Line
Cap and (z) in the case of European (GNU) Revolving Loans to German Borrowers, to an aggregate amount not to exceed at any time outstanding the German Line Cap. Revolving Loans will be available under each Revolving A Subfacility and the
Revolving B Facility in Dollars and any Alternative Currency. Within the limits set forth above and subject to the terms, conditions and limitations set forth herein, the Revolving Borrowers may borrow, pay or prepay and reborrow Revolving Loans
under each applicable Revolving A Subfacility and under the Revolving B Facility. Each U.S. Revolving Borrower that is not a CFC, FSHCO or any direct or indirect Subsidiary of a CFC or FSHCO (such U.S. Revolving Borrower, a “U.S.
Obligor”), that is a Revolving Borrower under the U.S. Revolving A Subfacility, shall be jointly and severally liable for all Borrowings under any Revolving A Subfacility. Each Revolving Borrower that is not a U.S. Revolving Borrower and is
not treated as a “United States person” under Section 7701(a)(30) of the Code (such Revolving Borrower, a “non-U.S. Obligor”), that is a Revolving Borrower under a Revolving A
Subfacility other than the U.S. Revolving A Subfacility, shall be jointly and severally liable for all Borrowings under any Revolving A Subfacility by any non-U.S. Obligor. Each U.S. Obligor under the
Revolving B Facility shall be jointly and severally liable for all Borrowings thereunder by any U.S. Obligor. 
 (b) For the avoidance of
doubt, in the case of any Borrowing by U.S. Revolving Borrowers made (i) on the Initial Closing Date, FILO Revolving Loans shall be deemed to be the first amounts drawn and Revolving B Loans shall be deemed to be the second amounts drawn, in
each case, as loans or advances by the U.S. Revolving Borrowers under this Agreement and (ii) after the Initial Closing Date, FILO Revolving Loans shall be deemed to be the first amounts drawn and Revolving B Loans shall be deemed to be the
second amounts drawn, in each case, by the U.S. Revolving Borrowers. 

  
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 2.02. Loans. 

(a) Each (i) Revolving A Loan (other than a Swingline Loan) shall be made as part of a Borrowing under the applicable Revolving A
Subfacility consisting of Revolving A Loans made by the applicable Revolving A Lenders in accordance with their Pro Rata Percentage under the applicable Revolving A Subfacility and (ii) Revolving B Loan shall be made as part of a Borrowing
under the Revolving B Facility consisting of Revolving B Loans made by the applicable Revolving B Lenders in accordance with their Pro Rata Percentage under the Revolving B Facility; 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, Canadian Prime Loans and Base Rate Loans) comprising any Borrowing shall be (x) in an aggregate principal amount that is an
integral multiple of the Borrowing Multiple and not less than the Borrowing Minimum or (y) equal to the remaining available balance of the applicable Revolving Commitments. Any Loan to a French Borrower shall be made by entities authorized to
carry on credit operations (opérations de crédit) in France in accordance with article L.511-5 et seq. of the French Code Monétaire et Financier. 

(b) Subject to Section 3.01, (i) each Borrowing of U.S. Revolving A Loans and Revolving B Loans shall be made to U.S.
Revolving Borrowers only and shall be made as either U.S. Base Rate Loans or Eurocurrency Rate Loans, (ii) each Borrowing of Canadian Revolving Loans shall be made to Canadian Borrowers only and shall be made as either Canadian CDOR Rate Loans
or Canadian Prime Loans (if made in Canadian Dollars) or Canadian Base Rate Loans or Eurocurrency Rate Loans (if made in Dollars), (iii) each Borrowing of French Revolving Loans shall be made to French Borrowers only and shall be made as
Eurocurrency Rate Loans denominated in a LIBOR Quoted Currency, (iv) each Borrowing of Spanish Revolving Loans shall be made to Spanish Borrowers only and shall be made as Eurocurrency Rate Loans denominated in a LIBOR Quoted Currency,
(v) each Borrowing of European (GNU) Revolving Loans shall be made to European (GNU) Borrowers only and shall be made as Eurocurrency Rate Loans denominated in a LIBOR Quoted Currency, (vi) each Borrowing of Australian Revolving Loans
shall be made to Australian Borrowers only and shall be made as either Eurocurrency Rate Loans denominated in Dollars or Australian Bill Rate Loans, (vii) each Borrowing of Loans to a Borrower other than a U.S. Borrower denominated in Dollars
shall be comprised entirely of Eurocurrency Rate Loans, (viii) each Borrowing of Loans to a Borrower other than a Canadian Borrower denominated in Canadian Dollars shall only be based on the Canadian CDOR Rate, (ix) each Borrowing of Loans
denominated in Euro and Pounds Sterling shall be comprised entirely of Eurocurrency Rate Loans, and (x) each Borrowing of Loans denominated in other Alternative Currencies (other than Australian Revolving Loans) shall be comprised entirely of
Canadian CDOR Rate Loans or Eurocurrency Rate Loans, in each case as the Relevant Borrower may request pursuant to Section 2.03. Each applicable Lender may at its option make any Loan by causing any domestic or foreign
branch or Affiliate of such Lender to fund on such Lender’s behalf; provided that any exercise of such option shall not affect the obligation of the applicable Borrowers to repay such Loan to each applicable Lender in accordance with the
terms of this Agreement or cause the applicable Borrowers 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
Borrowers shall not be entitled to request any Borrowing 

  
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that, if made, would result in more than twenty-five Borrowings of Eurocurrency Rate Loans, ten Borrowings of Australian Bill Rate Loans or ten Borrowings of Canadian CDOR Rate Loans outstanding
hereunder at any one time (which number of Borrowings of Eurocurrency Rate Loans, Australian Bill Rate Loans and/or Canadian CDOR Rate Loans may be increased or adjusted by agreement between the Company and the Administrative Agent in connection
with any Revolving A Commitment Increase or Extended Revolving A Loans/Extended Revolving A Commitments). 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 as the Administrative Agent may designate not later than 2:00 p.m., Local Time, and the
Administrative Agent shall promptly credit the amounts so received to an account as directed by the Relevant Borrower in the applicable Notice of Borrowing 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 Relevant 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 Relevant Borrower severally agree to repay to the Administrative Agent forthwith on demand such corresponding amount together with
interest thereon, for each day from the date such amount is made available to such Borrower until the date such amount is repaid to the Administrative Agent at (i) in the case of a Borrower, as applicable, the interest rate applicable at the
time to the Loans comprising such Borrowing and (ii) in the case of such Lender, for the first such day, the Federal Funds Rate (for Dollars), the Bank of Canada Overnight Rate (for Canadian Dollars) or a rate determined by the Administrative
Agent in accordance with banking industry rules on interbank compensation (for other Alternative Currencies), and for each day thereafter, the U.S. Base Rate (for Borrowings under the U.S. Revolving A Subfacility or the Revolving B Facility, in each
case denominated in Dollars), the Canadian Base Rate (for Borrowings under the Canadian Revolving Subfacility denominated in Dollars), the Canadian Prime Rate (for Canadian Dollars) or the Foreign Base Rate (for other Alternative Currencies). 

(e) Notwithstanding any other provision of this Agreement, no Borrower shall be entitled to request, or to elect to convert or continue, any
Borrowing if the Interest Period requested with respect thereto would end after the Maturity Date. 

  
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 (f) Promptly following any LC Disbursement, the applicable Issuing Bank will promptly notify the
Administrative Agent of such LC Disbursement and the Administrative Agent will promptly notify each applicable Revolving A Lender of such LC Disbursement and its Pro Rata Percentage thereof under the applicable Revolving A Subfacility or Revolving A
Subfacilities. Each such Revolving A Lender shall pay by wire transfer of immediately available funds to the Administrative Agent (i) in the case of the U.S. Revolving A Subfacility and the Canadian Revolving Subfacility, on such date (or, if
such Revolving A Lender shall have received such notice later than 12:00 (noon), Local Time, on any day, not later than 11:00 a.m., Local Time, on the immediately following Business Day) and (ii) in the case of the French Revolving Subfacility,
Spanish Revolving Subfacility, European (GNU) Revolving Subfacility or Australian Revolving Subfacility, not later than three (3) Business Days following such date (or, if such Revolving A Lender shall have received such notice later than 12:00
(noon), Local Time, on any day, not later than 11:00 a.m., Local Time, on the immediately following third Business Day), an amount equal to such Lender’s Pro Rata Percentage under the applicable Revolving A Subfacility or Revolving A
Subfacilities of such LC Disbursement (it being understood that the Dollar Equivalent of such amount shall be deemed to constitute a Base Rate Loan (for LC Disbursements denominated in Dollars or an Alternative Currency (other than Canadian
Dollars)) or a Canadian Prime Loan (for LC Disbursements denominated in Canadian Dollars) of such Lender, and such payment shall be deemed to have reduced the applicable LC Exposure), and the Administrative Agent will promptly pay to such Issuing
Bank amounts so received by it from the applicable Revolving A Lenders. If any Revolving A Lender shall not have made its Pro Rata Percentage under the applicable Revolving A Subfacility or Revolving A Subfacilities of such LC Disbursement available
to the Administrative Agent as provided above, such Lender and the Relevant Borrower, as applicable, 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 applicable Issuing Bank at (i) in the case of the Relevant Borrower, a rate per annum equal to the interest rate applicable to
Revolving A Loans pursuant to Section 2.06(a), and (ii) in the case of such Lender, for the first such day, the Federal Funds Rate (for Dollars), the Bank of Canada Overnight Rate (for Canadian Dollars) or a rate
determined by the Administrative Agent in accordance with banking industry rules on interbank compensation (for other Alternative Currencies), and for each day thereafter, the U.S. Base Rate (for LC Disbursements under the U.S. Revolving A
Subfacility denominated in Dollars), the Canadian Base Rate (for LC Disbursements under the Canadian Revolving Subfacility denominated in Dollars), the Canadian Prime Rate (for Canadian Dollars) or the Foreign Base Rate (for other Alternative
Currencies). 
 2.03. Borrowing Procedure. To request a Revolving Borrowing under the U.S. Revolving A Subfacility, Revolving B
Facility, Canadian Revolving Subfacility, French Revolving Subfacility, Spanish Revolving Subfacility, European (GNU) Revolving Subfacility or Australian Revolving Subfacility, the Relevant Borrower shall notify the Administrative Agent of such
request by telecopy or electronic transmission (i) in the case of a Borrowing of Eurocurrency Rate Loans, not later than 12:00 p.m., Local Time (or with respect to the French Revolving Subfacility, Spanish Revolving Subfacility, European (GNU)
Revolving Subfacility or Australian Revolving Subfacility 11:00 a.m., Local Time), three Business Days before the date of the proposed Borrowing; (ii) in the case of a Borrowing of U.S. Base Rate Loans (other than Swingline Loans), not later
than 12:00 p.m., Local Time, on the Business Day of the proposed Borrowing, (iii) in the case of a Borrowing of Canadian CDOR Rate Loans, not later than 11:00 a.m., Local Time, three Business Days before the date of the proposed Borrowing, 

  
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(iv) in the case of a Borrowing of Canadian Base Rate Loans (other than Canadian Swingline Loans), not later than 12:00 p.m., Local Time, on the Business Day of the proposed Borrowing,
(v) in the case of a Borrowing of Canadian Prime Loans (other than Canadian Swingline Loans), not later than 12:00 p.m., Local Time, on the Business Day of the proposed Borrowing; and (vi) in the case of a Borrowing of Australian Bill Rate
Loans, not later than 11:00 a.m., Local Time, three Business Days before the date of the proposed Borrowing. Any request for a Borrowing of a Foreign Base Rate Loan shall be made as a French Swingline Loan, Spanish Swingline Loan, European (GNU)
Swingline Loan or Australian Swingline Loan as applicable, under Section 2.12. Any request for a Borrowing of an Australian Base Rate Loan shall be made as an Australian Swingline Loan under
Section 2.12. Each such written Notice of Borrowing 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 Borrowing of U.S. Base Rate Loans, a Borrowing of Eurocurrency Rate Loans, a Borrowing of Canadian Base
Rate Loans, a Borrowing of Canadian Prime Loans, a Borrowing of Canadian CDOR Rate Loans, or a Borrowing of Australian Bill Rate Loans; 

(d) in the case of a Borrowing of Eurocurrency Rate Loans, Australian Bill Rate Loans or Canadian CDOR Rate Loans, 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; 
 (f) the Revolving A Subfacility or the Revolving B Facility under which the
Loans are to be borrowed; 
 (g) the currency of the Borrowing; and 

(h) that the conditions set forth in Section 5 or Section 6, as applicable, 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
Borrowing of U.S. Base Rate Loans for U.S. Revolving Borrowers, of Canadian Prime Loans or Canadian Base Rate Loans, as applicable, for the Canadian Borrowers, of Australian Bill Rate Loans for Australian Borrowers, and of Eurocurrency Rate Loans
for French Borrowers, Spanish Borrowers and European (GNU) Borrowers. If no Interest Period is specified with respect to any requested Borrowing of Eurocurrency Rate Loans, Australian Bill Rate Loans or Canadian CDOR Rate Loans, then the Relevant
Borrower shall be deemed to have selected an Interest Period of one month’s duration. If no currency is specified, then the requested Borrowing shall be made in Dollars for U.S. Revolving Borrowers, Canadian Dollars for the Canadian Borrowers,
Euros for French Borrowers, Spanish Borrowers and European (GNU) Borrowers, and Australian Dollars for Australian Borrowers. Promptly following receipt of a Notice of Borrowing in accordance with this Section 2.03, the
Administrative Agent shall advise each Revolving A Lender and each Revolving B Lender (as applicable) of the details thereof and of the amount of such Lender’s Loan to be made as part of the requested Borrowing. 

  
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 2.04. Evidence of Debt; Repayment of Loans. 

(a) Upon the end of the Availability Period, each U.S. Revolving Borrower, jointly and severally, hereby unconditionally promises to pay
(i) to the Administrative Agent for the account of each U.S. Revolving A Lender, the then unpaid principal amount of each U.S. Revolving A Loan of such U.S. Revolving A Lender and (ii) to each U.S. Swingline Lender the then unpaid
principal amount of each applicable Swingline Loan. Upon the end of the Availability Period, each U.S. Revolving Borrower, jointly and severally, hereby unconditionally promises to pay to the Administrative Agent for the account of each Revolving B
Lender, the then unpaid principal amount of each Revolving B Loan of such Revolving B Lender. Upon the end of the Availability Period, each Canadian Borrower jointly and severally, hereby unconditionally promises to pay (i) to the
Administrative Agent for the account of each Canadian Revolving Lender, the then unpaid principal amount of each Canadian Revolving Loan of such Canadian Revolving Lender and (ii) to the Canadian Swingline Lender the then unpaid principal
amount of each applicable Canadian Swingline Loan. Upon the end of the Availability Period, each French Borrower, jointly and severally, hereby unconditionally promises to pay (i) to the Administrative Agent for the account of each French
Revolving Lender, the then unpaid principal amount of each French Revolving Loan of such French Revolving Lender, and (ii) to the French Swingline Lender the then unpaid principal amount of each applicable French Swingline Loan. Upon the end of
the Availability Period, each Spanish Borrower, jointly and severally, hereby unconditionally promises to pay (i) to the Administrative Agent for the account of each Spanish Revolving Lender, the then unpaid principal amount of each Spanish
Revolving Loan of such Spanish Revolving Lender, and (ii) to the Spanish Swingline Lender the then unpaid principal amount of each applicable Spanish Swingline Loan. Upon the end of the Availability Period, each European (GNU) Borrower,
jointly and severally, hereby unconditionally promises to pay (i) to the Administrative Agent for the account of each European (GNU) Revolving Lender, the then unpaid principal amount of each European (GNU) Revolving Loan of such European (GNU)
Revolving Lender, and (ii) to the European (GNU) Swingline Lender the then unpaid principal amount of each applicable European (GNU) Swingline Loan. Upon the end of the Availability Period, each Australian Borrower, jointly and severally,
hereby unconditionally promises to pay (i) to the Administrative Agent for the account of each Australian Revolving Lender, the then unpaid principal amount of each Australian Revolving Loan of such Australian Revolving Lender, and (ii) to
the Australian Swingline Lender the then unpaid principal amount of each applicable Australian Swingline Loan. Notwithstanding anything to the contrary in any Credit Document, no CFC, FSHCO or any direct or indirect Subsidiary of a CFC or FSHCO
shall be liable for any Obligation of a Borrower that is treated as a “United States person” as defined in Section 7701(a)(30) of the Code. 

(b) Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing the indebtedness of the Borrowers 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 Company shall be entitled to review records of
such accounts with prior reasonable notice during normal business hours. 

  
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 (c) The Administrative Agent shall maintain accounts in which it will record (i) the amount
of each Loan made hereunder, the Type thereof, the currency 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 Borrowers 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 Lender’s share thereof. The Company 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 Borrowers to repay the Loans in accordance with their terms. 
 (e) Any Lender may
request that Loans made by it be evidenced by a promissory note. In such event, the Relevant Borrowers shall promptly prepare, execute and deliver to such Lender a promissory note payable to such Lender (or, if requested by such Lender, to such
Lender and its registered assigns) substantially in the form of Exhibit B-1, Exhibit B-2, Exhibit B-3,
Exhibit B-4, Exhibit B-5 Exhibit B-6, Exhibit B-7, Exhibit
B-8, Exhibit B-9, Exhibit B-10, Exhibit B-11, Exhibit B-12 or Exhibit B-13 as applicable. 
 (f) In the event
that this Agreement is formalized as a s Spanish notarial document and for the purposes of Article 571 of the Spanish Civil Procedure Act (Act 1/2000 dated 7 January 2000, as amended), all parties agree that, for the purposes of any proceedings
brought against a Spanish Borrower, the exact amount due at any time by such Spanish Borrower to the Lenders will be the amount specified in a certificate issued by the Administrative Agent as the Lenders’ representative reflecting the balance
of the accounts maintained pursuant to paragraphs (b) and (c) immediately above. 
 2.05. Fees. 

(a) Unused Line Fee. With respect to each Revolving A Subfacility and the Revolving B Facility, the Revolving Borrowers thereunder
shall, jointly and severally, pay to the Administrative Agent, (i) in the case of a Revolving A Subfacility, for the account of the Revolving A Lenders (other than any Defaulting Lender) under such Revolving A Subfacility and (ii) in the
case of the Revolving B Facility, for the account of the Revolving B Lenders (other than any Defaulting Lender), in each case, a fee in Dollars equal to the then-applicable Unused Line Fee Rate multiplied by the average daily amount by which,
(x) in the case of a Revolving A Subfacility, the Revolving A Commitments (other than Revolving A Commitments of a Defaulting Lender) under such Revolving A Subfacility exceed such Revolving A Lender’s Pro Rata Percentage under the
applicable Revolving A Subfacility of the sum of (A) the aggregate principal amount of Revolving A Loans (other than Swingline Loans) then outstanding under such Revolving A Subfacility and (B) the aggregate Stated Amount of outstanding
Letters of Credit available to be drawn under such Revolving A Subfacility during any fiscal quarter and (y) in the case of the Revolving B Facility, the Revolving B Commitments (other than Revolving B Commitments of a Defaulting Lender) exceed
such Revolving B Lender’s Pro Rata Percentage under the Revolving B Facility of the aggregate principal amount of Revolving B Loans then 

  
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outstanding (such fee, individually and collectively, as the context may require, the “Unused Line Fee”). Such fee shall accrue commencing on the first day following the Initial
Closing Date until the last day of the Availability Period, and will be payable in arrears on the first day of each calendar quarter and on the Maturity Date, commencing January 1, 2018. The Unused Line Fee shall be computed on the basis of a
year of 360 days and shall be payable for the actual number of days elapsed. 
 (b) Administrative Agent Fees. The Borrowers,
jointly and severally, agree to pay to the Administrative Agent the fees set forth in the Fee Letter at the times set forth therein. 
 (c)
LC and Fronting Fees. The Revolving Borrowers, jointly and severally, agree to pay (i) to the Administrative Agent for the account of each applicable Revolving A Lender a participation fee (the “LC Participation Fee”) in
the applicable currencies of such Revolving A Lender’s LC Exposure, which fee shall accrue at a rate equal to the Applicable Margin from time to time used to determine the interest rate on Eurocurrency Rate Loans that are U.S. Revolving A Loans
pursuant to Section 2.06, 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 Initial Closing
Date to but excluding the later of the date on which such Lender’s Revolving A Commitment terminates and the date on which such Lender ceases to have any LC Exposure and (ii) to each Issuing Bank a fronting fee (“Fronting
Fee”) in the applicable currencies of such Issuing Bank’s LC Exposure, which fee shall accrue at the rate of 0.375% per annum (or such lesser amount as the applicable Issuing Bank and the Relevant Borrower may agree) on the outstanding
daily amount of the LC Exposure (excluding any portion thereof attributable to unreimbursed LC Disbursements) during the period from and including the Initial Closing Date to but excluding the later of the date of termination of the Revolving A
Commitments and the date on which there ceases to be any LC Exposure, as well as each 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 Relevant Borrower and such Issuing Bank 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 in
arrears on each Adjustment Date and on the Maturity Date, commencing January 1, 2018; provided that all such fees shall be payable on the date on which the Revolving A Commitments terminate and any such fees accruing after the date on
which the Revolving A Commitments terminate shall be payable on demand (including documentation reasonably supporting such request). Any other fees payable to the Issuing Banks pursuant to this paragraph shall be payable on demand following delivery
by Administrative Agent to the Company of an invoice in respect of such fees (together with any additional applicable 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 (or 365 days, in the case of such fees payable in respect of Letters of Credit denominated in (x) Canadian Dollars outstanding under the Canadian Revolving Subfacility and (y) Australian Dollars outstanding
under the Australian Revolving Subfacility) and shall be payable for the actual number of days elapsed. 
 (d) Subject to
Section 2.10(a), 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 applicable Lenders (other than Defaulting Lenders),
except that the Fronting Fees shall be paid directly to each Issuing Bank. Once paid, none of the fees shall be refundable under any circumstances. 

  
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 2.06. Interest on Loans. 

(a) Subject to the provisions of Section 2.06(m), the Loans comprising each Borrowing of U.S. Base Rate Loans,
including each U.S. Swingline Loan but excluding any FILO Revolving Loans and, upon the occurrence and continuance of a Revolving B Leverage Trigger Period, any Revolving B Loans, shall bear interest at a rate per annum equal to the U.S. Base Rate
plus the Applicable Margin in effect from time to time. 
 (b) Subject to the provisions of Section 2.06(m), the
Loans comprising each Borrowing of Eurocurrency Rate Loans, excluding any FILO Revolving Loans and, upon the occurrence and continuance of a Revolving B Leverage Trigger Period, any Revolving B Loans, shall bear interest at a rate per annum equal to
the Eurocurrency Rate for the Interest Period in effect for such Borrowing plus the Applicable Margin in effect from time to time. 
 (c)
Subject to the provisions of Section 2.06(m), the Loans comprising each Borrowing of Canadian Base Rate Loans, including each Canadian Swingline Loan denominated in Dollars, shall bear interest at a rate per annum equal to
the Canadian Base Rate plus the Applicable Margin in effect from time to time. 
 (d) Subject to the provisions of
Section 2.06(m), the Loans comprising each Borrowing of Canadian Prime Loans, including each Canadian Swingline Loan denominated in Canadian Dollars, shall bear interest at a rate per annum equal to the Canadian Prime Rate
plus the Applicable Margin in effect from time to time. 
 (e) Subject to the provisions of Section 2.06(m), the
Loans comprising each Borrowing of Canadian CDOR Rate Loans shall bear interest at a rate per annum equal to the Canadian CDOR Rate for the Interest Period in effect for such Borrowing plus the Applicable Margin in effect from time to time. 

(f) Subject to the provisions of Section 2.06(m), the Loans comprising each Borrowing of Foreign Base Rate Loans,
including each French Swingline Loan denominated in Dollars or Euros, each Spanish Swingline Loan denominated in Dollars or Euros, each European (GNU) Swingline Loan denominated in Dollars, Sterling or Euros and each Australian Swingline Loan
denominated in Dollars, shall bear interest at a rate per annum equal to the Foreign Base Rate plus the Applicable Margin in effect from time to time. 

(g) Subject to the provisions of Section 2.06(m), the Loans comprising each Borrowing of Australian Bill Rate Loans
shall bear interest at a rate per annum equal to the Australian Bill Rate for the Interest Period in effect for such Borrowing plus the Applicable Margin in effect from time to time. 

(h) Subject to the provisions of Section 2.06(m), the Loans comprising each Borrowing of Australian Base Rate Loans,
including each Australian Swingline Loan denominated in Australian Dollars, shall bear interest at a rate per annum equal to the Australian Base Rate plus the Applicable Margin for Australian Bill Rate Loans in effect from time to time. 

  
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 (i) Subject to the provisions of Section 2.06(m), the FILO Revolving
Loans comprising each Borrowing of U.S. Base Rate Loans shall bear interest at a rate per annum equal to the U.S. Base Rate plus the FILO Applicable Margin in effect from time to time. 

(j) Subject to the provisions of Section 2.06(m), the FILO Revolving Loans comprising each Borrowing of Eurocurrency
Rate Loans shall bear interest at a rate per annum equal to the Eurocurrency Rate for the Interest Period in effect for such Borrowing plus the FILO Applicable Margin in effect from time to time. 

(k) Subject to the provisions of Section 2.06(m), upon the occurrence and continuance of a Revolving B Leverage
Trigger Period, the Revolving B Loans comprising each Borrowing of U.S. Base Rate Loans shall bear interest at a rate per annum equal to the U.S. Base Rate plus the Modified Applicable Margin in effect from time to time. 

(l) Subject to the provisions of Section 2.06(m), upon the occurrence and continuance of a Revolving B Leverage
Trigger Period, the Revolving B Loans comprising each Borrowing of Eurocurrency Rate Loans shall bear interest at a rate per annum equal to the Eurocurrency Rate for the Interest Period in effect for such Borrowing plus the Modified Applicable
Margin in effect from time to time. 
 (m) Notwithstanding the foregoing, at any time an Event of Default exists, at the option of the
Required Lenders directed in writing to the Administrative Agent, the interest rate applicable to each Loan will be increased by 2.00% during the existence of an Event of Default (and, in the case of Obligations not bearing interest, those
Obligations will, during the existence of an Event of Default and from the date payment of such Obligations is required under this Agreement, bear interest at the rate applicable to U.S. Base Rate Loans that are Revolving A Loans plus 2.00%),
but any such increase may be rescinded by the Required Lenders, notwithstanding Section 12.10(a). Notwithstanding the foregoing, upon the occurrence of an Event of Default under Section 10.01(a) or
(e), the increase provided for in this Section 2.06(m) will occur automatically. 
 (n) Accrued interest on
(x) each Base Rate Loan and Canadian Prime Loan shall be payable in arrears on each Adjustment Date and on the Maturity Date commencing with January 1, 2018 and (y) each Eurocurrency Rate Loan, Australian Bill Rate Loan and Canadian
CDOR Rate Loan shall be payable on the last day of each Interest Period and on the Maturity Date; provided that, if any Interest Period exceeds three months, accrued interest shall be payable on the respective dates that fall every three
months after the beginning of such Interest Period, and, in the case of Revolving Loans, shall be payable on the last day of the Availability Period; provided that (i) interest accrued pursuant to clause (m) of this
Section 2.06 shall be payable on demand and, absent demand, on each Adjustment Date and, in the case of Revolving Loans, 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, Canadian Prime Loan or Australian Base Rate Loan prior to the end of the 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 Eurocurrency Rate Loan, Australian Bill Rate Loan or Canadian CDOR 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. 

  
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 (o) All interest and fees hereunder shall be computed on the basis of a year of 360 days, except
that interest computed by reference to the U.S. Base Rate, the Canadian Prime Rate, the Canadian Base Rate, the Canadian CDOR Rate, the Australian Base Rate, the Australian Bill Rate, Foreign Base Rate Loans denominated in Pounds Sterling and
Eurocurrency Rate Loans denominated in Pounds Sterling shall be computed on the basis of a year of 365 days, and in each case shall be payable for the actual number of days elapsed. 

(p) For purposes of the Interest Act (Canada), (i) whenever any interest or fee under this Agreement is calculated using a rate based on a year
of 360 days or any other period of time that is less than a calendar year, the rate determined pursuant to such calculation, when expressed as an annual rate, is equivalent to (x) the applicable rate based on a year of 360 days or any other
period, (y) multiplied by the actual number of days in the calendar year in which the period for which such interest is payable (or compounded) ends and (z) divided by 360, or such other period of time that is less than the calendar year,
(ii) the principle of deemed reinvestment of interest does not apply to any interest calculation under this Agreement and (iii) the rates of interest stipulated in this Agreement are intended to be nominal rates and not effective rates or
yields. 
 (q) Notwithstanding anything to the contrary contained in this Agreement or in any other Credit Document, solely to the extent
that a court of competent jurisdiction finally determines that the calculation or determination of interest or any fee payable by the Canadian Borrowers in respect of the Obligations of the Canadian Borrowers pursuant to this Agreement and the other
Credit Documents shall be governed by or subject to the Requirements of Law of any jurisdiction of Canada or the federal Requirements of Law of Canada, in no event shall the aggregate “interest” (as defined in Section 347 of the
Criminal Code, R.S.C. 1985, c. C-46, as the same shall be amended, replaced or re-enacted from time to time) payable by the Canadian Credit Parties to the Administrative
Agent or any Revolving A Lender under this Agreement or any other Credit Document exceed the effective annual rate of interest on the “credit advanced” (as defined in that section) under this Agreement or such other Credit Document
lawfully permitted under that section and, if any payment, collection or demand pursuant to this Agreement or any other Credit Document in respect of “interest” (as defined in that section) is determined to be contrary to the provisions of
that section, such payment, collection or demand shall be deemed to have been made by mutual mistake of the Administrative Agent, the applicable Revolving A Lenders and the Canadian Credit Parties and the amount of such payment or collection shall
be refunded by the Administrative Agent and such Revolving A Lenders to the Canadian Borrowers. For the purposes of this Agreement and each other Credit Document to which any Canadian Borrowers are a party, the effective annual rate of interest
payable by the Canadian Borrowers shall be determined in accordance with generally accepted actuarial practices and principles over the term of the Loans on the basis of annual compounding for the lawfully permitted rate of interest and, in the
event of dispute, a certificate of a Fellow of the Canadian Institute of Actuaries appointed by and for the account of the Canadian Borrowers will be conclusive for the purpose of such determination in the absence of evidence to the contrary. 

(r) Effective global rate (taux effectif global) – French Borrowers. For the purposes of articles L.314-1 to L.314-5 and R.314-1 et seq. of the French Code de la consommation and article
L.313-4 of the French Code monétaire et financier, the parties hereto acknowledge that 

  
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(i) the effective global rate (taux effectif global) calculated on the French Closing Date, based on assumptions as to the period rate (taux de période) and the period
term (durée de période) and on the assumption that the interest rate and all other fees, costs or expenses payable under this Agreement will be maintained at their original level throughout the term of this Agreement, is set out
in the TEG Letter from the Administrative Agent to each French Borrower and (ii) that TEG Letter forms part of this Agreement. Each French Borrower acknowledges receipt of that TEG Letter. 

2.07. Termination and Reduction of Commitments and FILO Borrowing Base. 

(a) Except as otherwise provided in Section 2.19, the Revolving Commitments, the Swingline Commitment, and the LC
Commitment shall automatically terminate on the Maturity Date. 
 (b) The Company may at any time terminate, or from time to time reduce, the
Commitments under any Revolving A Subfacility or the Revolving B Facility; provided that (i) any such reduction shall be in an amount that is an integral multiple of the Borrowing Multiple, (ii) the Commitments under any Revolving A
Subfacility shall not be terminated or reduced if, after giving effect to any concurrent prepayment of the Loans under such Revolving A Subfacility in accordance with Section 2.09, the Revolving A Exposures under such
Revolving A Subfacility would exceed the Commitments under such Revolving A Subfacility, (iii) the Commitments under the Revolving B Facility shall not be terminated or reduced if, after giving effect to any concurrent prepayment of the Loans
under the Revolving B Facility in accordance with Section 2.09, the Revolving B Exposures would exceed the Commitments under the Revolving B Facility and (iii) the North American Minimum Requirement shall be met. 

(c) So long as, both immediately prior to and immediately after giving effect to such reduction, Total Excess Availability is not less than the
greater of (i) 20% of the Line Cap and (ii) $200,000,000, any U.S. Revolving Borrower shall have the right, at any time and from time to time, to reduce the FILO Borrowing Base, without premium or penalty, in whole or in part, subject to
the requirements of this Section 2.07; provided that each such partial reduction shall be in an amount that is an integral multiple of the Borrowing Multiple. The Company shall notify the Administrative Agent of any
election to reduce the FILO Borrowing Base at least two Business Days prior to the effective date of such reduction, specifying such election and the effective date thereof. Promptly following receipt of any notice, the Administrative Agent shall
advise the U.S. Revolving A Lenders of the contents thereof. Any effectuated reduction of the FILO Borrowing Base shall be permanent and shall be applied in direct order to the scheduled reductions of the FILO Borrowing Base set forth in the
definition thereof. 
 (d) [Reserved]. 

(e) The Company shall notify the Administrative Agent of any election to terminate or reduce any Class of Revolving A Commitments under
any Revolving A Subfacility under paragraph (b) of this Section 2.07 or any Revolving B Commitments under paragraph (b) of this Section 2.07, in each case, 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 Revolving A Lenders

  
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or the Revolving B Lenders (as applicable) of the contents thereof. Any effectuated termination or reduction of the Commitments shall be permanent. Each termination or reduction of the Revolving
A Commitments shall be made among the Revolving A Lenders based on each Revolving A Lender’s Pro Rata Percentage under the applicable Revolving A Subfacility; provided that, notwithstanding the foregoing, (1) the Company may
allocate any termination or reduction of Revolving A Commitments among Classes of Revolving A Commitments at its direction, (2) the Company may allocate any termination or reduction of Revolving A Commitments among Revolving A Commitments and
Extended Revolving A Commitments at its direction (including, for the avoidance of doubt, to the Revolving A Commitments with respect of any Class of Extended Revolving A Commitments without any termination or reduction of the remaining
Revolving A Commitments with respect to the Existing Revolving A Commitments from which such Extended Revolving A Commitments were converted or extended) and (3) in connection with the establishment on any date of any Extended Revolving A
Commitments pursuant to Section 2.19, the Existing Revolving A Commitments of any one or more Revolving A Lenders providing any such Extended Revolving A Commitments on such date shall be reduced in an amount equal to the
amount of Existing Revolving A Commitments so extended on such date (or, if agreed by the Company and the Revolving A Lenders providing such Extended Revolving A Commitments, by any greater amount so long as (A) a proportionate reduction of the
Existing Revolving A Commitments has been offered to each Revolving A Lender to whom the applicable Extension Request has been made (which may be conditioned upon such Revolving A Lender becoming an Extending Lender), and (B) the Company
prepays the Existing Revolving A Loans of such Class of Existing Revolving A Commitments owed to such Revolving A Lenders providing such Extended Revolving A Commitments to the extent necessary to ensure that, after giving pro forma effect to
such repayment or reduction, the Existing Revolving A Loans of such Class are held by the Revolving A Lenders of such Class on a pro rata basis in accordance with their Existing Revolving A Commitments of such Class after giving pro
forma effect to such reduction) (provided that (x) after giving pro forma effect to any such reduction and to the repayment of any Loans made on such date, the aggregate amount of the revolving credit exposure of any such Revolving A
Lender does not exceed the Existing Revolving A Commitment thereof (such revolving credit exposure and Existing Revolving A Commitment being determined in each case, for the avoidance of doubt, exclusive of such Revolving A Lender’s Extended
Revolving A Commitment and any exposure in respect thereof) and (y) for the avoidance of doubt, any such repayment of Loans contemplated by the preceding clause shall be made in compliance with the requirements of
Section 2.10(a) with respect to the ratable allocation of payments hereunder, with such allocation being determined after giving pro forma effect to any conversion or exchange pursuant to
Section 2.19 of Existing Revolving A Commitments and Existing Revolving A Loans into Extended Revolving A Commitments and Extended Revolving A Loans respectively, and prior to any reduction being made to the Revolving A
Commitment of any other Revolving A Lender). Each termination or reduction of the Revolving B Commitments shall be made among the Revolving B Lenders based on each Revolving B Lender’s Pro Rata Percentage under the Revolving B Facility. 

2.08. Interest Elections. 

(a) Each Borrowing initially shall be of the Type specified in the applicable Notice of Borrowing and, in the case of a Borrowing of
Eurocurrency Rate Loans, Australian Bill Rate Loans or Canadian CDOR Rate Loans, shall have an initial Interest Period as specified in such 

  
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Notice of Borrowing. Thereafter, the Relevant Borrower may elect to convert such Borrowing, with respect to the applicable Revolving A Subfacility or the Revolving B Facility, as applicable, to a
different Type or to continue such Borrowing and, in the case of a Borrowing of Eurocurrency Rate Loans, Australian Bill Rate Loans or Canadian CDOR Rate Loans, may elect Interest Periods therefor, all as provided in this
Section 2.08. The Relevant 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 Borrowers shall not be entitled to request any conversion or continuation that, if made,
would result in more than twenty-five Borrowings of Eurocurrency Rate Loans, ten Borrowings of Australian Bill Rate Loans or ten Borrowings of Canadian CDOR Rate Loans, outstanding hereunder at any one time (which number of Borrowings of
Eurocurrency Rate Loans, Australian Bill Rate Loans and/or Canadian CDOR Rate Loans may be increased or adjusted by agreement between the Company and the Administrative Agent in connection with any Revolving A Commitment Increase or Extended
Revolving A Loans/Extended Revolving A Commitments). This Section 2.08 shall not apply to Swingline Loans, which may not be converted or continued. 

(b) To make an election pursuant to this Section 2.08, the Relevant Borrower shall notify the Administrative Agent of
such election by electronic transmission by the time that a Notice of Borrowing would be required under Section 2.03 if such Borrower was requesting a Borrowing of the Type resulting from such election to be made on the
effective date of such election. Each such Notice of Conversion/Continuation shall be substantially in the form of Exhibit A-2, unless otherwise agreed to by the Administrative Agent and the Relevant
Borrower. Promptly after receiving any such notice, the Administrative Agent shall notify each Revolving A Lender and each Revolving B Lender (as applicable) thereof. 

(c) Each written Notice of Conversion/Continuation shall specify the following information in compliance with
Section 2.02: 
 (i) the Borrowing to which such Notice of Conversion/Continuation 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 Notice of
Conversion/Continuation, which shall be a Business Day; 
 (iii) whether the resulting Borrowing is to be a Borrowing of U.S.
Base Rate Loans, a Borrowing of Eurocurrency Rate Loans, a Borrowing of Australian Bill Rate Loans, a Borrowing of Canadian Base Rate Loans, a Borrowing of Foreign Base Rate Loans, a Borrowing of Canadian Prime Loans or a Borrowing of Canadian CDOR
Rate Loans; 
 (iv) the currency of the resulting Borrowing; and 

  
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 (v) if the resulting Borrowing is a Borrowing of Eurocurrency Rate Loans,
Australian Bill Rate Loans or Canadian CDOR Rate Loans, 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 Notice of Conversion/Continuation requests a Borrowing of Eurocurrency Rate Loans, Australian Bill Rate Loans or Canadian CDOR
Rate Loans but does not specify an Interest Period, then the Relevant Borrower shall be deemed to have selected an Interest Period of one month’s duration. No Borrowing may be converted into or continued as a Borrowing denominated in a
different currency, but instead must be prepaid in the original currency of such Borrowing and reborrowed in the other currency. 
 (d)
Promptly following receipt of a Notice of Conversion/Continuation, the Administrative Agent shall advise each Revolving A Lender and each Revolving B Lender (as applicable) of the details thereof and of such Lender’s portion of each resulting
Borrowing. 
 (e) If a Notice of Conversion/Continuation with respect to a Borrowing of Eurocurrency Rate Loans (i) by a U.S. Revolving
Borrower is not timely delivered prior to the end of the Interest Period applicable thereto, then, unless such Borrowing is repaid as provided herein or the Company otherwise provides the Administrative Agent with written notice to the contrary
three Business Days prior to the end of such Interest Period, at the end of such Interest Period such Borrowing shall be converted to a Borrowing of Eurocurrency Rate Loans with a one month Interest Period, (ii) by a Canadian Borrower made in
Dollars 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 Borrowing of Eurocurrency
Rate Loans with a one month Interest Period, and (iii) by any French Borrower, Spanish Borrower, or European (GNU) Borrower 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 Borrowing of Eurocurrency Rate Loans with a one month Interest Period. If a Notice of Conversion/Continuation with respect to a Borrowing of
Canadian CDOR Rate Loans 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
Borrowing of CDOR Rate Loans with a one month Interest Period. If a Notice of Conversion/Continuation with respect to a Borrowing of Australian Bill Rate Loans 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 Borrowing of Australian Bill Rate Loans with a one month interest period. 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 Company, then, after delivery of such notice and during the continuance of such Event of Default (i) no
outstanding Borrowing may be converted to or continued as a Borrowing of Eurocurrency Rate Loans, Australian Bill Rate Loans or Canadian CDOR Rate Loans and (ii) unless repaid, each Borrowing of Eurocurrency Rate Loans, Australian Bill Rate
Loans and Canadian CDOR Rate Loans shall be converted to a Borrowing of the applicable Base Rate Loans or Canadian Prime Loans, respectively, at the end of the Interest Period applicable thereto. 

  
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 2.09. Optional and Mandatory Prepayments of Loans. 

(a) Optional Prepayments. Any Revolving Borrower shall have the right, at any time and from time to time to prepay, without premium or
penalty, any Borrowing under any Revolving A Subfacility or under the Revolving B Facility, 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 the Borrowing Multiple. 
 (b) Mandatory Prepayments. 

(i) In the event of the termination of all the Revolving A Commitments under any Revolving A Subfacility, the Revolving
Borrowers under such Revolving A Subfacility shall, on the date of such termination, repay or prepay all the outstanding Revolving A Borrowings and all outstanding Swingline Loans and Cash Collateralize or backstop on terms reasonably satisfactory
to each applicable Issuing Bank the LC Exposure in accordance with Section 2.13(j), in each case, in respect of such Revolving A Subfacility. In the event of the termination of all the Revolving B Commitments under the
Revolving B Facility, the Revolving Borrowers thereunder shall, on the date of such termination, repay or prepay all the outstanding Revolving B Borrowings in respect of the Revolving B Facility. In the event of the termination of all the Revolving
Commitments under all of the Revolving A Subfacilities, the Revolving Borrowers shall, on the date of such termination, repay or prepay all the outstanding Revolving A Borrowings and all outstanding Swingline Loans and Cash Collateralize or backstop
on terms reasonably satisfactory to each applicable Issuing Bank the LC Exposure in accordance with Section 2.13(j), in each case, in respect of each of the Revolving A Subfacilities. In the event of the termination of all
the Revolving Commitments under all of the Revolving A Subfacilities and the Revolving B Facility, (x) the Revolving Borrowers shall, on the date of such termination, repay or prepay all the outstanding Revolving A Borrowings and all
outstanding Swingline Loans and Cash Collateralize or backstop on terms reasonably satisfactory to each applicable Issuing Bank the LC Exposure in accordance with Section 2.13(j), in each case, in respect of each of the
Revolving A Subfacilities and (y) the Revolving Borrowers shall, on the date of such termination, repay or prepay all the outstanding Revolving B Borrowings in respect of the Revolving B Facility. 

(ii) In the event of any partial reduction of the Revolving A Commitments under any Revolving A Subfacility, then (A) at
or prior to the effective date of such reduction, the Administrative Agent shall notify the Company and the Revolving A Lenders of the Revolving A Exposures under the applicable Revolving A Subfacility or Revolving A Subfacilities after giving
effect thereto and (B) if the Revolving A Exposures under such Revolving A Subfacility or Revolving A Subfacilities exceed the applicable Revolving A Line Cap then in effect, after giving effect to such reduction, then the Revolving Borrowers
shall, on the date of such reduction, first, repay or prepay Swingline Loans, second, repay or prepay Revolving A Borrowings (other than the FILO Revolving Loans), third, replace or Cash Collateralize outstanding Letters of
Credit in accordance with the procedures set forth in Section 2.13(j), and fourth, repay or prepay FILO Revolving Loans, in each case, under the applicable Revolving A Subfacility or Revolving A Subfacilities, in an
amount sufficient to eliminate such excess. In the event 

  
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of any partial reduction of the Revolving B Commitments under the Revolving B Facility, then (A) at or prior to the effective date of such reduction, the Administrative Agent shall notify
the Company and the Revolving B Lenders of the Revolving B Exposures after giving effect thereto and (B) if the Revolving B Exposures exceed the Revolving B Line Cap then in effect, after giving effect to such reduction, then the Revolving
Borrowers shall, on the date of such reduction, repay or prepay Revolving B Borrowings, in an amount sufficient to eliminate such excess. 

(iii) On each date required pursuant to Section 2.17 or Section 1.06(a),
the Revolving Borrowers shall apply an amount equal to such excess to prepay the Revolving A Loans and any interest accrued thereon, first, repay or prepay Swingline Loans, second, repay or prepay Revolving A Borrowings (other than the
FILO Revolving Loans), third, replace or Cash Collateralize outstanding Letters of Credit in accordance with the procedures set forth in Section 2.13(j), and fourth, repay or prepay FILO Revolving Loans, in
each case, under the applicable Revolving A Subfacility or Revolving A Subfacilities. On each date required pursuant to Section 2.17, the Revolving Borrowers shall apply an amount equal to such excess to prepay the
Revolving B Loans and any interest accrued thereon. 
 (iv) In the event that the aggregate LC Exposure under any Revolving A
Subfacility exceeds the LC Commitment then in effect under such Revolving A Subfacility, the applicable Revolving Borrowers shall, without notice or demand, immediately replace or Cash Collateralize Letters of Credit outstanding under such Revolving
A Subfacility in accordance with the procedures set forth in Section 2.13(j), in an amount sufficient to eliminate such excess. 

(v) (A) On each Business Day during a Cash Dominion Period, Administrative Agent shall apply all immediately available
funds credited to the Collection Account of a U.S. Borrower as the end of the immediately preceding Business Day as follows: first, to fees and reimbursable expenses of the Administrative Agent then due and payable by the U.S. Credit Parties
pursuant to the Credit Documents; second, to interest then due and payable on the U.S. Revolving Borrowers’ U.S. Swingline Loans; third, to the principal balance of the U.S. Swingline Loans outstanding until the same has been
prepaid in full; fourth, to interest then due and payable on the U.S. Revolving A Loans (other than the FILO Revolving Loans) and other amounts due and payable by the U.S. Credit Parties pursuant to Sections 3.02 and
4.01; fifth, to the principal balance of the U.S. Revolving A Loans (other than the FILO Revolving Loans) until the same have been prepaid in full; sixth, to interest then due and payable on the Revolving B Loans;
seventh, to the principal balance of the Revolving B Loans until the same have been prepaid in full; eighth, to interest then due and payable on the FILO Revolving Loans; ninth, to the principal balance of the FILO Revolving
Loans until the same has been prepaid in full (applied in inverse order of maturity); tenth, to Cash Collateralize all U.S. LC Exposure plus any accrued and unpaid interest thereon (to be held and applied in accordance with
Section 2.13(j) hereof); and eleventh, returned to the Relevant Borrower or to such party as otherwise required by applicable Requirements of Law; and 

  
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 (B) (I) in the case of the Collection Accounts of a Canadian Borrower and
the Collection Accounts of a German Borrower, during the continuance of a Cash Dominion Period, and (II) in the case of the Collection Accounts of a French Borrower, the Collection Accounts of a U.K. Borrower, the Collection Accounts of a
Spanish Borrower and the Collection Accounts of an Australian Borrower, at any time, in the case of each of the immediately preceding clauses (I) and (II), on each Business Day, the Administrative Agent shall apply all immediately available
funds credited to the applicable Collection Account as the end of the immediately preceding Business Day as follows: first, to fees and reimbursable expenses of the Administrative Agent then due and payable by the Foreign Credit Parties
pursuant to the Credit Documents; second, to interest then due and payable on the Swingline Loans of the Revolving Borrowers that are Foreign Credit Parties; third, to the principal balance of the Swingline Loans of the Revolving
Borrowers that are Foreign Credit Parties outstanding until the same has been prepaid in full; fourth, to interest then due and payable on the Revolving A Loans (other than the U.S. Revolving A Loans and the FILO Revolving Loans) and other
amounts due and payable by the Foreign Credit Parties pursuant to Sections 3.02 and 4.01; fifth, to the principal balance of the Revolving A Loans (other than the U.S. Revolving A Loans and the FILO Revolving
Loans) until the same have been prepaid in full; sixth, to Cash Collateralize all LC Exposure (other than U.S. LC Exposure) plus any accrued and unpaid interest thereon (to be held and applied in accordance with
Section 2.13(j) hereof); and seventh, returned to the Relevant Borrower or to such party as otherwise required by applicable Requirements of Law. It being understood that (i) the Collection Accounts of the
German Borrowers, French Borrowers, Spanish Borrowers, U.K. Borrowers and Australian Borrowers may be separate or shared Collection Accounts as more specifically set forth in the applicable Collection Account Addendums, (ii) the collections
received by any Borrower in a Collection Account related to such Borrower shall be applied as set forth above to the Obligations of such Borrower and the Borrowers in the same Revolving A Subfacility or Revolving B Facility as such Borrower, and
(iii) the Administrative Agent shall allocate such collections among the Foreign Obligations of Foreign Borrowers pursuant to the immediately preceding clauses first through seventh in the Administrative Agent’s
Permitted Discretion. 
 (c) Application of Prepayments. Subject to Section 2.09(b), any optional or
mandatory prepayment of Borrowings hereunder shall be applied to the Borrowing or Borrowings under the applicable Revolving A Subfacility or Revolving A Subfacilities or the Revolving B Facility specified by the Relevant Borrower. If no Borrowing or
Borrowings are selected, then the prepayment of Revolving A Loans under the applicable Revolving A Subfacility or Revolving A Subfacilities or to the prepayment of Revolving B Loans shall be applied, as applicable, first to reduce outstanding Base
Rate Loans, Canadian Prime Loans, Australian Base Rate Loans and Foreign Base Rate Loans, if and as applicable, and any amounts remaining after each such application shall be applied to prepay Eurocurrency Rate Loans, Australian Bill Rate Loans and
Canadian CDOR Rate Loans, if and as applicable. Notwithstanding the foregoing, if the amount of any prepayment of Loans required to be prepaid under Section 2.09(b) shall be in excess of the amount of the Base Rate Loans,
the Canadian 

  
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Prime Loans, Australian Base Rate Loans or Foreign Base Rate Loans, as applicable, 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, Canadian Prime Loans, Australian Base Rate Loans or Foreign Base Rate Loans shall be immediately prepaid and (x) in the case of Revolving A Loans, at the election of the Relevant Borrower, the balance of such
required prepayment shall be either (A) deposited in the LC Collateral Account and applied to the prepayment of Eurocurrency Rate Loans, Australian Bill Rate Loans or Canadian CDOR Rate Loans, as applicable, on the last day of the then
next-expiring Interest Period for Eurocurrency Rate Loans, Australian Bill Rate Loans or Canadian CDOR Rate Loans, as applicable (with all interest accruing thereon for the account of the Relevant Borrower) or (B) prepaid immediately, together
with any amounts owing to the Revolving A Lenders under Section 2.10 and (y) in the case of Revolving B Loans, the balance of such required prepayment shall be prepaid immediately, together with any amounts owing to
the Revolving B Lenders under Section 2.10. Notwithstanding any such deposit in the LC Collateral Account, interest shall continue to accrue on such Revolving A Loans until prepayment. 

(d) Notice of Prepayment. The Relevant Borrower shall notify the Administrative Agent (and, in the case of prepayment of a Swingline
Loan, the applicable Swingline Lender) by telecopy or electronic transmission of any prepayment of any Revolving A Subfacility or the Revolving B Facility pursuant to Section 2.09(a), (i) in the case of prepayment of a
Borrowing of Eurocurrency Rate Loans, not later than 12:00 p.m., Local Time, three Business Days before the date of prepayment, (ii) in the case of prepayment of a Borrowing of Canadian CDOR Rate Loans, not later than 12:00 p.m., Local Time,
three Business Days before the date of prepayment, (iii) in the case of prepayment of a Borrowing of Canadian Base Rate Loans, not later than 12:00 p.m., Local Time, on the date of prepayment, (iv) in the case of prepayment of a Borrowing
of Foreign Base Rate Loans (other than French Swingline Loans, Spanish Swingline Loans, European (GNU) Swingline Loans and Australian Swingline Loans), not later than 12:00 p.m., Local Time, on the date of prepayment, (v) in the case of
prepayment of a Borrowing of Canadian Prime Loans, not later than 12:00 p.m., Local Time, on the date of prepayment, (vi) in the case of prepayment of a Borrowing of U.S. Base Rate Loans, not later than 12:00 p.m., Local Time, on the date of
prepayment, (vii) in the case of prepayment of a Borrowing of Australian Bill Rate Loans, not later than 12:00 p.m., Local Time, three Business Days before the date of prepayment, (viii) in the case of prepayment of a Borrowing of
Australian Base Rate Loans (other than Australian Swingline Loans), not later than 12:00 p.m., Local Time, on the date of prepayment, (ix) in the case of prepayment of a U.S. Swingline Loan, not later than 12:00 p.m., Local Time, on the date of
prepayment, (x) in the case of prepayment of a Canadian Swingline Loan, not later than 12:00 p.m., Local Time, on the date of prepayment and (xi) in the case of prepayment of a French Swingline Loan, Spanish Swingline Loan, European (GNU)
Swingline Loan and Australian Swingline Loan, not later than 11:00 a.m., Local Time, on the date of prepayment. Each such notice shall specify (x) the prepayment date and (y) the principal amount of each Borrowing or portion thereof to be
prepaid and the Revolving A Subfacility or Revolving A Subfacilities or the Revolving B Facility under which such prepayment is being made; provided that such Borrower reimburses each Lender pursuant to Section 3.02
for any funding losses within ten Business Days after receiving written demand therefor. Promptly following receipt of any such notice (other than a notice relating solely to Swingline Loans), the Administrative Agent shall advise the Revolving A
Lenders and the Revolving B Lenders (as applicable) of the contents thereof. Each partial prepayment of any Borrowing shall be in an 

  
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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 to the Loans of any Lender included in the prepaid Borrowing under the applicable Revolving A Subfacility or Revolving A Subfacilities or under the Revolving B
Facility (as the case may be) on the basis of such Lender’s Pro Rata Percentage under the applicable Revolving A Subfacility or Revolving A Subfacilities or under the Revolving B Facility of such Borrowing (as the case may be). Prepayments
shall be accompanied by accrued interest to the extent required by Section 2.06. 
 2.10. Payments Generally;
Pro Rata Treatment; Sharing of Setoffs. 
 (a) Each Borrower shall make each payment required to be made by it hereunder or under any
other Credit Document (whether of principal, interest, fees or reimbursement of LC Disbursements, or of amounts payable under Sections 3.01, 3.02 and 4.01 or otherwise) at or before the time expressly required hereunder or under
such other Credit Document for such payment (or, if no such time is expressly required, prior to (x) 2:00 p.m., Local Time), with respect to payments denominated in Dollars, (y) 2:00 p.m., Local Time, with respect to payments denominated in Canadian
Dollars and (z) 2:00 p.m., Local Time, with respect to payments denominated in other Alternative Currencies, in each case, on the date when due, in immediately available funds, without setoff or counterclaim. Except as otherwise expressly provided
herein, all payments by the Borrowers hereunder with respect to principal and interest on Loans denominated in an Alternative Currency shall be made to the Administrative Agent, for the account of the respective Revolving A Lenders to which such
payment is owed, at the Payment Office in such Alternative Currency and in immediately available funds not later than the Local Times and dates specified herein. If, for any reason, any Borrower is prohibited by any Requirement of Law from making
any required payment hereunder in such Alternative Currency, such Borrower shall make such payment in Dollars in the Dollar Equivalent of the payment amount. Any amounts received after the required 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 Payment Office, except payments to be
made directly to an Issuing Bank or a Swingline Lender as expressly provided herein and except that payments pursuant to Sections 3.01, 3.02, 4.01, and 12.01 shall be made to the Administrative Agent for the benefit of
the Persons entitled thereto and payments pursuant to other Credit Documents shall be made to the Administrative Agent for the benefit of the Persons specified therein. The Administrative Agent 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 Credit 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. 
 (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 Sections 2.09(c) or 10.02 hereof, as applicable, ratably among the parties entitled thereto. 

  
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 (c) Except as otherwise set forth herein, if any Lender (a “Benefited Lender”)
shall at any time receive any payment of all or part of the Loans of any Class and/or the participations in letter of credit obligations or swingline loans held by it, or receive any collateral in respect thereof (whether voluntarily or
involuntarily, by set-off, pursuant to events or proceedings of the nature referred to in Section 10.01(e), or otherwise), in a greater proportion than any such payment to or
collateral received by any other Lender, if any, in respect of such other Lender’s Loans of such Class or participations in letter of credit obligations or swingline loans, as applicable, such Benefited Lender shall (i) notify the
Administrative Agent of such fact, and (ii) purchase for cash at face value from the other Lenders a participating interest in such portion of each such other Lender’s Loans of such Class or participations in letter of credit
obligations or swingline loans, as applicable, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefited Lender to share the excess payment or benefits of
such collateral or proceeds ratably in accordance with the aggregate principal of their respective Loans of the applicable Class or participations in letter of credit obligations or swingline loans, as applicable; provided that,
(A) if all or any portion of such excess payment or benefits is thereafter recovered from such Benefited Lender, such purchase shall be rescinded, and the purchase price and benefits returned, to the extent of such recovery, but without
interest and (B) the provisions of this paragraph shall not be construed to apply to (x) any payment made by the Company, any Borrower or any other Credit Party pursuant to and in accordance with the express terms of this Agreement and the
other Credit Documents, (y) any payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Loans, Commitments or participations in LC Obligations or Swingline Loans to any assignee or
participant or (z) any disproportionate payment obtained by a Lender of any Class as a result of the extension by Lenders of the maturity date or expiration date of some but not all Loans or Commitments of that Class or any increase
in the Applicable Margin or the FILO Applicable Margin (or other pricing term, including any fee, discount or premium) in respect of Loans or Commitments of Lenders that have consented to any such extension to the extent such transaction is
permitted hereunder. Each Credit Party consents to the foregoing and agrees, to the extent it may effectively do so under applicable Requirements of Law, that any Lender acquiring a participation pursuant to the foregoing arrangements may exercise
against such Credit Party rights of set-off and counterclaim with respect to such participation as fully as if such Lender were a direct creditor of such Credit Party in the amount of such participation. 

2.11. Defaulting Lenders. Notwithstanding any provision of this Agreement to the contrary, if any Lender becomes a Defaulting Lender,
then the following provisions shall apply for so long as such Lender is a Defaulting Lender: 
 (a) fees shall cease to accrue on the
unfunded portion of the Commitment of such Defaulting Lender pursuant to Section 2.05(a) and the participation fee with respect to such Defaulting Lender’s LC Exposure pursuant to
Section 2.05(c) shall cease to accrue; 
 (b) such Defaulting Lender’s right to approve or disapprove any
amendment, waiver or consent with respect to this Agreement shall be restricted as set forth in Section 12.10(f); 

  
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 (c) if any Swingline Loans are outstanding, or any LC Exposure exists at the time a Lender
becomes a Defaulting Lender, then (i) all or any part of such LC Exposure of such Defaulting Lender and such Lender’s Pro Rata Percentage under the applicable Revolving A Subfacility or Revolving A Subfacilities of any Swingline Exposure
outstanding at such time will, subject to the limitation in the proviso below, automatically be reallocated (effective on the day such Lender becomes a Defaulting Lender) among the Non-Defaulting Lenders in
accordance with their respective Pro Rata Percentages under the applicable Revolving A Subfacility or Revolving A Subfacilities; provided that (A) each Non-Defaulting Lender’s Revolving A
Exposure may not in any event exceed the Revolving A Commitment of such Non-Defaulting Lender as in effect at the time of such reallocation, (B) neither such reallocation nor any payment by a Non-Defaulting Lender pursuant thereto will constitute a waiver or release of any claim the Company, any Revolving Borrower, the Administrative Agent, any Issuing Bank, any Swingline Lender or any other Lender may
have against such Defaulting Lender or cause such Defaulting Lender to be a Non-Defaulting Lender and (C) the conditions to Credit Extensions forth in Section 6 (other than
Section 6.01) shall be satisfied at the time of such reallocation (and, unless the Revolving Borrowers shall have otherwise notified the Administrative Agent at such time, the Revolving Borrowers shall be deemed to have
represented and warranted that such conditions are satisfied at such time), (ii) to the extent that all or any portion (the “unreallocated portion”) of the Defaulting Lender’s LC Exposure and Swingline Exposure cannot, or can only
partially, be so reallocated to Non-Defaulting Lenders, whether by reason of the first proviso in Section 2.11(c)(i) above or otherwise, the Revolving Borrowers shall within two
Business Days following notice by the Administrative Agent (x) first, prepay such Defaulting Lender’s Pro Rata Percentage under the applicable Revolving A Subfacility or Revolving A Subfacilities of outstanding Swingline Exposure (after
giving pro forma effect to any partial reallocation pursuant to clause (i) above) and (y) second, Cash Collateralize such Defaulting Lender’s LC Exposure (after giving pro forma effect to any partial reallocation pursuant to clause
(i) above), in accordance with the procedures set forth in Section 2.13(j) for so long as such LC Exposure is outstanding, (iii) if the Revolving Borrowers Cash Collateralize any portion of such Defaulting
Lender’s LC Exposure pursuant to the requirements of this Section 2.11(c), the Revolving Borrowers shall not be required to pay any fees to such Defaulting Lender pursuant to Section 2.05(c)
with respect to such Defaulting Lender’s LC Exposure during the period such Defaulting Lender’s LC Exposure is Cash Collateralized, (iv) if the LC Exposure of the Non-Defaulting Lenders is
reallocated pursuant to the requirements of this Section 2.11(c), then the fees payable to the Revolving A Lenders pursuant to Section 2.05(c) shall be adjusted in accordance with such Non-Defaulting Lenders’ Pro Rata Percentage under the applicable Revolving A Subfacility or Revolving A Subfacilities and the Revolving Borrowers shall not be required to pay any fees to the Defaulting Lender
pursuant to Section 2.05(c) with respect to such Defaulting Lender’s LC Exposure during the period that such Defaulting Lender’s LC Exposure is reallocated, or (v) if any Defaulting Lender’s LC Exposure
is neither Cash Collateralized nor reallocated pursuant to the requirements of this Section 2.11(c), then, without prejudice to any rights or remedies of the Issuing Bank or any Revolving A Lender hereunder, all fees
payable under Section 2.05(c) with respect to such Defaulting Lender’s LC Exposure shall be payable to the applicable Issuing Bank until such LC Exposure is Cash Collateralized and/or reallocated; 

(d) (i) no Issuing Bank will be required to issue any new Letter of Credit or amend any outstanding Letter of Credit to increase the face
amount thereof, alter the drawing terms thereunder or extend the expiry date thereof, unless such Issuing Bank is reasonably satisfied that any exposure that would result from the exposure to such Defaulting Lender is eliminated or fully covered by
the Revolving A Commitments of the Non-Defaulting Lenders or by Cash Collateralization or a combination thereof in accordance with the requirements of Section 2.11(c) above or
otherwise in a manner reasonably satisfactory to such Issuing Bank; and 

  
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 (e) no Swingline Lender will be required to fund any Swingline Loans unless the Swingline Lender
is reasonably satisfied that any exposure that would result from the exposure to such Defaulting Lender is eliminated or fully covered by the Revolving A Commitments of the Non-Defaulting Lenders or a
combination thereof in accordance with the requirements of Section 2.11(c) above. 
 (f) The Company,
Administrative Agent and applicable Issuing Bank may agree in writing that a Lender is no longer a Defaulting Lender. At such time, Pro Rata Percentages under the applicable Revolving A Subfacility or Revolving A Subfacilities or the Revolving B
Facility (as applicable) 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 Percentages under the applicable Revolving A Subfacility or Revolving A Subfacilities or the Revolving B Facility (as applicable)
and any amount that has been deposited in accordance with Section 2.13(j) to Cash Collateralize any LC Exposure shall be automatically released and returned to the Company or the Relevant Borrower. Unless expressly agreed
in writing by the Company, the Administrative Agent and applicable 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. Subject to
Section 12.23, no reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that Lender having become a Defaulting Lender, including any claim
of a Non-Defaulting Lender as a result of such Non-Defaulting Lender’s increased exposure following such reallocation. 

(g) Any payment of principal, interest, fees or other amounts received by the Administrative Agent for the account of that Defaulting Lender
(whether voluntary or mandatory, at maturity, pursuant to Section 10 or otherwise received by the Administrative Agent for that Defaulting Lender pursuant to Section 12.04(c) and (d)), shall
be applied at such time or times as may be determined by the Administrative Agent as follows: first, to the payment of any amounts owing hereunder by that Defaulting Lender to the Administrative Agent; second, to the payment on a pro
rata basis of any amounts owing hereunder by that Defaulting Lender to any Issuing Bank and any Swingline Lender; third, as the Company may request (so long as no Default or Event of Default exists), to the funding of any Loan in respect of
which that Defaulting Lender has failed to fund its portion thereof as required by this Agreement, as determined by the Administrative Agent; fourth, if so determined by the Administrative Agent and the Company, to be held in a non-interest bearing Deposit Account and released pro rata in order to (x) satisfy such Defaulting Lender’s potential future funding obligations with respect to Loans under this Agreement and (y) Cash
Collateralize, in accordance with Section 2.13(j), the Issuing Banks’ potential future fronting exposure with respect to such Defaulting Lender with respect to future Letters of Credit issued under this Agreement;
fifth, to 

  
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the payment of any amounts owing to the Lenders, the Issuing Banks or the Swingline Lenders as a result of any judgment of a court of competent jurisdiction obtained by any Lender, any Issuing
Bank or any Swingline Lender against that Defaulting Lender as a result of that Defaulting Lender’s breach of its obligations under this Agreement; sixth, so long as no Default or Event of Default exists, to the payment of any amounts
owing to the Company or any of its Restricted Subsidiaries pursuant to any Bank Product with such Defaulting Lender as certified by a Responsible Officer of the Company to the Administrative Agent (with a copy to the Defaulting Lender) prior to such
date of payment; seventh, so long as no Default or Event of Default exists, to the payment of any amounts owing to the Company or any other Credit Party as a result of any judgment of a court of competent jurisdiction obtained by the Company
or any other Credit Party against that Defaulting Lender as a result of that Defaulting Lender’s breach of its obligations under this Agreement; and eighth, to that Defaulting Lender or as otherwise directed by a court of competent
jurisdiction; provided that, if such payment is a payment of the principal amount of any Loans or a payment of any unreimbursed LC Disbursements, such payment shall be applied solely to pay the relevant Loans of, and unreimbursed LC
Disbursements owed to, the relevant Non-Defaulting Lenders on a pro rata basis prior to being applied in the manner set forth in this Section 2.11(g). Any payments, prepayments or
other amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting Lender or to post Cash Collateral pursuant to Section 2.13(j) shall be deemed paid to and redirected by
that Defaulting Lender, and each Lender irrevocably consents hereto. 
 2.12. Swingline Loans. 

(a) Swingline Commitment. Subject to the terms and conditions set forth herein, (U) the U.S. Swingline Lender shall make U.S.
Swingline Loans in Dollars to a U.S. Revolving Borrower from time to time during the 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 under the U.S. Revolving A Subfacility exceeding 10% of the U.S. Revolving A Commitment, (ii) the U.S. Revolving A Exposures exceeding the U.S. Revolving A Line Cap or (iii) the Revolving A Exposures exceeding the Revolving
A Line Cap, (V) the Canadian Swingline Lender shall make Canadian Swingline Loans in Dollars or Canadian Dollars to a Canadian Borrower from time to time during the Availability Period, in an aggregate principal amount at any time outstanding
that will not result in (i) the Dollar Equivalent of the aggregate principal amount of outstanding Swingline Loans under the Canadian Revolving Subfacility exceeding 10% of the Canadian Revolving Commitment, (ii) the Canadian Revolving
Exposures exceeding the Canadian Line Cap or (iii) the Revolving A Exposures exceeding the Revolving A Line Cap, (W) the French Swingline Lender shall make French Swingline Loans in Euro or Dollars to a French Borrower from time to time
during the Availability Period, in an aggregate principal amount at any time outstanding that will not result in (i) the Dollar Equivalent of the aggregate principal amount of outstanding Swingline Loans under the French Revolving Subfacility
exceeding 10% of the French Revolving Commitment, (ii) the French Revolving Exposures exceeding the French Line Cap or (iii) the Revolving A Exposures exceeding the Revolving A Line Cap, (X) the Spanish Swingline Lender shall make
Spanish Swingline Loans in Euro or Dollars to a Spanish Borrower from time to time during the Availability Period, in an aggregate principal amount at any time outstanding that will not result in (i) the Dollar Equivalent of the aggregate
principal amount of outstanding Swingline Loans under the Spanish Revolving Subfacility exceeding 10% of the Spanish Revolving Commitment, (ii) the Spanish 

  
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Revolving Exposures exceeding the Spanish Line Cap or (iii) the Revolving A Exposures exceeding the Revolving A Line Cap, (Y) the European (GNU) Swingline Lender shall make European
(GNU) Swingline Loans in Euro, Pounds Sterling or Dollars to a European (GNU) Borrower from time to time during the Availability Period, in an aggregate principal amount at any time outstanding that will not result in (i) the Dollar Equivalent
of the aggregate principal amount of outstanding Swingline Loans under the European (GNU) Revolving Subfacility exceeding 10% of the European (GNU) Revolving Commitment, (ii) the European (GNU) Revolving Exposures exceeding the European (GNU)
Line Cap or (iii) the Revolving A Exposures exceeding the Revolving A Line Cap and (Z) the Australian Swingline Lender shall make Australian Swingline Loans in Australian Dollars or Dollars to an Australian Borrower from time to time
during the Availability Period, in an aggregate principal amount at any time outstanding that will not result in (i) the Dollar Equivalent of the aggregate principal amount of outstanding Swingline Loans under the Australian Revolving
Subfacility exceeding 10% of the Australian Revolving Commitment, (ii) the Australian Revolving Exposures exceeding the Australian Line Cap or (iii) the Revolving A Exposures exceeding the Revolving A Line Cap; provided that no
Swingline Lender shall 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, each Revolving Borrower may borrow, repay and reborrow
Swingline Loans. 
 (b) Swingline Loans. To request a Swingline Loan, an applicable Revolving Borrower shall notify the Administrative
Agent of such request by telephonic (followed immediately by an electronic request) or electronic transmission, not later than 2:00 p.m., Local Time (in the case of U.S. Swingline Loans), 12:00 p.m., Local Time (in the case of Canadian Swingline
Loans) and 11:00 a.m., Local Time (in the case of French Swingline Loans, Spanish Swingline Loans, European (GNU) Swingline Loans and Australian Swingline Loans), on the day of a proposed Swingline Loan under the applicable Revolving A Subfacility.
Each such notice shall be revocable (prior to the release of the requested funds) 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 applicable
Swingline Lender of any such notice received from a Revolving Borrower. The applicable Swingline Lender shall make each Swingline Loan available to the Relevant Borrower by means of a credit to the general deposit account of such Borrower with the
applicable Swingline Lender (or, in the case of a U.S. Swingline Loan made to finance the reimbursement of a U.S. LC Disbursement as provided in Section 2.13(e), by remittance to the U.S. Issuing Bank) by 3:00 p.m., Local
Time, on the requested date of such Swingline Loan. No Revolving Borrower shall request a Swingline Loan if at the time of and immediately after giving effect to such request a Default has occurred and is continuing. 

(c) Prepayment. Each Revolving 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 notice thereof pursuant to Section 2.09(d). 
 (d)
Participations. Any Swingline Lender under its applicable Revolving A Subfacility may by written notice given to the Administrative Agent at any time (but (x) in the case of the U.S. Revolving A Subfacility, the Canadian Revolving
Subfacility, the European (GNU) Revolving Subfacility and the Australian Revolving Subfacility, in any event shall weekly, and (y) in the case of the French Revolving Subfacility and the Spanish Revolving

  
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Subfacility, in any event may at such other time (if any) as determined by the Administrative Agent in its sole discretion) not later than 12:00 noon, Local Time on any Business Day (the
“Notice Date”) require the applicable Revolving A Lenders under such Revolving A Subfacility to fund, on the date that is not earlier than three (3) Business Days following the Notice Date, Revolving A Loans under such
Revolving A Subfacility to repay all or any portion of the applicable Swingline Loans outstanding under such Revolving A Subfacility (or if pursuant to applicable Requirements of Law such Revolving A Loans are not permitted to be funded on such day,
to purchase participations in the applicable Swingline Loans), which request may be made regardless of whether the conditions set forth in Section 6 have been satisfied. Such notice shall specify the aggregate amount of
Swingline Loans which are to be refunded with Revolving A Loans (or if, pursuant to applicable Requirements of Law, Revolving A Loans are not permitted to be funded on such day, with respect to which participations will be purchased). Promptly upon
receipt of such notice, the Administrative Agent will give notice thereof to the applicable Revolving A Lenders, specifying in such notice each such Revolving A Lender’s Pro Rata Percentage of such Revolving A Loans under such Revolving A
Subfacility. Each Revolving A Lender hereby absolutely and unconditionally agrees, upon receipt of notice as provided above, to fund such Revolving A Loans, and the Administrative Agent shall apply the proceeds of such Revolving A Loan to pay the
applicable Swingline Loans (or if, pursuant to applicable Requirements of Law, Revolving A Loans are not permitted to be funded on such day, purchase participations). Each Revolving A Lender acknowledges and agrees that its obligation to fund
Revolving Loans, or purchase participations, in Swingline Loans pursuant to this paragraph is absolute and unconditional and shall not be affected by any circumstance whatsoever, including the occurrence and continuance of a Default or reduction or
termination of the Revolving A Commitments or whether an Overadvance exists or is created thereby, 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 A Exposure to exceed such Lender’s Revolving A Commitment). Each Revolving A 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 A Lenders), and the
Administrative Agent shall promptly pay to the applicable Swingline Lender the amounts so received by it from the Revolving A Lenders. The Administrative Agent shall notify the Relevant Borrower of any Revolving A Loans made or participation in a
Swingline Loan acquired pursuant to this paragraph, and, with respect to any such participation, thereafter payments in respect of such Swingline Loan shall be made to the Administrative Agent and not to any Swingline Lender. Any amounts received by
a Swingline Lender from a Revolving Borrower (or other party on behalf of a Revolving Borrower) in respect of a Swingline Loan after receipt by such 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 to the applicable Revolving A Lenders that shall have made their payments pursuant to this paragraph and to the applicable Swingline Lender,
as their interests may appear. If and to the extent any Revolving A Lender shall not have so made its transfer to the Administrative Agent, such Revolving A Lender agrees to pay to the Administrative Agent, forthwith on demand, such amount, together
with interest thereon, for each day from the date such amount is made available to such Revolving Borrower until the date such amount is repaid to the Administrative Agent at, in the case of such Lender, for the first

  
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such day, the Federal Funds Rate (for Dollars), the Bank of Canada Overnight Rate (for Canadian Dollars) or a rate determined by the Administrative Agent in accordance with banking industry rules
on interbank compensation (for other Alternative Currencies), and for each day thereafter, the U.S. Base Rate (for Swingline Loans under the U.S. Revolving A Subfacility denominated in Dollars), the Canadian Base Rate (for Swingline Loans under the
Canadian Revolving Subfacility denominated in Dollars), Canadian Prime Rate (for Swingline Loans denominated in Canadian Dollars), Australian Base Rate (for Swingline Loans denominated in Australian Dollars) or the Foreign Base Rate (for other
Alternative Currencies). 
 (e) If the Maturity Date shall have occurred at a time when Extended Revolving A Commitments are in effect, then
on the Maturity Date all then outstanding Swingline Loans shall be repaid in full (and there shall be no adjustment to the participations in such Swingline Loans as a result of the occurrence of such Maturity Date); provided that, if on the
occurrence of the Maturity Date (after giving effect to any repayments of Revolving A Loans and any reallocation of Letter of Credit participations as contemplated in Section 2.13(o)), there shall exist sufficient
unutilized Extended Revolving A Commitments so that the respective outstanding Swingline Loans could be incurred pursuant to the Extended Revolving A Commitments which will remain in effect after the occurrence of the Maturity Date, then there shall
be an automatic adjustment on such date of the participations in such Swingline Loans and such Swingline Loans shall be deemed to have been incurred solely pursuant to the Extended Revolving A Commitments and such Swingline Loans shall not be so
required to be repaid in full on the Maturity Date. 
 2.13. Letters of Credit. 

(a) General. Subject to the terms and conditions set forth herein, (i) any U.S. Revolving Borrower may request the issuance of U.S.
Letters of Credit in Dollars or in one or more Alternative Currencies for its account or for the account of any of its Subsidiaries in a form reasonably acceptable to the U.S. Issuing Bank, at any time and from time to time during the Availability
Period (provided that a U.S. Revolving Borrower shall be a co-applicant with respect to each U.S. Letter of Credit issued for the account of or in favor of a Subsidiary that is not a Borrower), (ii) any
Canadian Borrower may request the issuance of Canadian Letters of Credit in Canadian Dollars, Dollars or in one or more Alternative Currencies for its account or the account of any of its Subsidiaries in a form reasonably acceptable to the Canadian
Issuing Bank, at any time and from time to time during the Availability Period (provided that a Canadian Borrower shall be a co-applicant with respect to each Canadian Letter of Credit issued for the
account of or in favor of a Subsidiary that is not a Borrower), (iii) any French Borrower may request the issuance of French Letters of Credit in Dollars or in one or more Alternative Currencies for its account or the account of any of its
Subsidiaries in a form reasonably acceptable to the French Issuing Bank, at any time and from time to time during the Availability Period (provided that a French Borrower shall be a co-applicant with
respect to each French Letter of Credit issued for the account of or in favor of a Subsidiary that is not a Borrower), (iv) any Spanish Borrower may request the issuance of Spanish Letters of Credit in Dollars or in one or more Alternative
Currencies for its account or the account of any of its Subsidiaries in a form reasonably acceptable to the Spanish Issuing Bank, at any time and from time to time during the Availability Period (provided that a Spanish Borrower shall be a co-applicant with respect to each Spanish Letter of Credit issued for the account of or in favor of a Subsidiary that is not a Borrower), (v) any European (GNU) Borrower may request the issuance of European (GNU)

  
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Letters of Credit in Dollars or in one or more Alternative Currencies for its account or the account of any of its Subsidiaries in a form reasonably acceptable to the European (GNU) Issuing Bank,
at any time and from time to time during the Availability Period (provided that a European (GNU) Borrower shall be a co-applicant with respect to each European (GNU) Letter of Credit issued for the
account of or in favor of a Subsidiary that is not a Borrower), and (vi) any Australian Borrower may request the issuance of Australian Letters of Credit in Dollars or in one or more Alternative Currencies for its account or the account of any
of its Subsidiaries in a form reasonably acceptable to the Australian Issuing Bank, at any time and from time to time during the Availability Period (provided that an Australian Borrower shall be a
co-applicant with respect to each Australian Letter of Credit issued for the account of or in favor of a Subsidiary that is not a Borrower). 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 Relevant Borrower to, or entered into by the Relevant Borrower with, the applicable Issuing Bank relating to any Letter of
Credit, the terms and conditions of this Agreement shall control. The Existing Letters of Credit listed on Part A of Schedule 1.01B shall be deemed issued under the U.S. Revolving A Subfacility. The Existing Letters of Credit listed on Part B
of Schedule 1.01B shall be deemed issued under the Canadian Revolving Subfacility. The Existing Letters of Credit listed on Part C of Schedule 1.01B shall be deemed issued under the French Revolving Subfacility. The Existing
Letters of Credit listed on Part D of Schedule 1.01B shall be deemed issued under the Spanish Revolving Subfacility. The Existing Letters of Credit listed on Part E of Schedule 1.01B shall be deemed issued under the European
(GNU) Revolving Subfacility. The Existing Letters of Credit listed on Part F of Schedule 1.01B shall be deemed issued under the Australian Revolving Subfacility. Notwithstanding anything to the contrary set forth in
this Agreement, if Wells Fargo Bank, N.A. or any Affiliate or branch thereof, Citibank, N.A. or any Affiliate or branch thereof, and BANA or any Affiliate or branch thereof are the only Issuing Banks under this Agreement, then the LC Exposure of
such Issuing Bank shall not exceed its LC Initial Closing Date Commitment (unless otherwise agreed in writing by such Issuing Bank). 
 (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 Relevant Borrower shall hand deliver or
telecopy or transmit by electronic communication an LC Request to the applicable Issuing Bank and the Administrative Agent not later than 1:00 p.m., Local Time, 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 applicable Issuing Bank); provided, that no Revolving Borrower shall request a Letter of Credit if at the time of and immediately after giving effect to such request
a Default has occurred and is continuing. A request for an initial issuance of a Letter of Credit shall specify in form and detail reasonably satisfactory to the applicable Issuing Bank: (i) the proposed issuance date of the requested Letter of
Credit (which shall be a Business Day); (ii) the amount and currency 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 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 applicable 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 applicable Issuing Bank (w) the Letter of Credit to be amended, renewed or extended, (x) the proposed date
of amendment, 

  
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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 applicable Issuing Bank may
reasonably require. If requested by the applicable Issuing Bank, the Relevant Borrower also shall submit a letter of credit application substantially on such 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 Relevant Borrower shall be deemed to represent and warrant (solely in the case of (A) and
(B)) that, after giving effect to such issuance, amendment, renewal or extension) (A) (i) the LC Exposure shall not exceed the LC Sublimit, (ii) the U.S. LC Exposure shall not exceed the U.S. LC Sublimit, (iii) the Canadian LC
Exposure shall not exceed the Canadian LC Sublimit, (iv) the French LC Exposure shall not exceed the French LC Sublimit, (v) the Spanish LC Exposure shall not exceed the Spanish LC Sublimit, (vi) the European (GNU) LC Exposure shall
not exceed the European (GNU) LC Sublimit and (vii) the Australian LC Exposure shall not exceed the Australian LC Sublimit and (B) (i) the Revolving A Exposure shall not exceed the Revolving A Line Cap, (ii) the U.S. Revolving A
Exposure shall not exceed the U.S. Revolving A Line Cap, (iii) the Canadian Revolving Exposure shall not exceed the Canadian Line Cap, (iv) the French Revolving Exposure shall not exceed the French Line Cap, (v) the Spanish Revolving
Exposure shall not exceed the Spanish Line Cap, (vi) the European (GNU) Revolving Exposure shall not exceed the European (GNU) Line Cap and (vii) the Australian Revolving Exposure shall not exceed the Australian Line Cap. Unless the
Administrative Agent and applicable Issuing Bank shall otherwise agree, no Letter of Credit shall be denominated in a currency other than Dollars or an Alternative Currency. 

(c) Expiration Date. Each Letter of Credit shall expire at or prior to the earlier of (i) the close of business on 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) (other than with respect to foreign guarantees which may expire on a date
later than one year from the date of issuance) and (ii) unless Cash Collateralized or otherwise credit supported in accordance with Section 2.13(j) on or prior to the Letter of Credit Expiration Date, the Letter of
Credit Expiration Date. Notwithstanding the foregoing, each Letter of Credit may, upon the request of the Relevant Borrower, include a provision whereby such Letter of Credit shall be renewed automatically for additional consecutive periods of
twelve (12) months (or such longer period of time as may be agreed by the applicable Issuing Bank) or less (but not beyond the date that is after the Letter of Credit Expiration Date unless, on or prior to the Letter of Credit Expiration Date,
such Letter of Credit is Cash Collateralized or backstopped pursuant to arrangements reasonably acceptable to the applicable Issuing Bank; provided that no Lender shall be required to fund participations in any Letter of Credit after the
Maturity 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 applicable Issuing Bank or the Lenders, the applicable Issuing Bank hereby grants to each applicable Revolving A Lender, and each such Revolving A Lender hereby acquires from such 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; provided that any 

  
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participation of any Letter of Credit issued in an Alternative Currency other than those specifically listed in the definition of the term “Alternative Currency” shall be made in
Dollars. In consideration and in furtherance of the foregoing, each Revolving A Lender hereby absolutely and unconditionally agrees to pay to the Administrative Agent, for the account of the applicable Issuing Bank, such Lender’s Pro Rata
Percentage of each LC Disbursement made by the applicable Issuing Bank and not reimbursed by the Relevant Borrower on the date due as provided in clause (e) of this Section 2.13, or of any reimbursement payment
required to be refunded to the Relevant Borrower or for any reason (the “Unreimbursed Amount”). Each Revolving A 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 amendment, renewal or extension of any Letter of Credit or the occurrence and continuance of a Default or reduction or
termination of the Revolving A Commitments or whether or not an Overadvance exists or is created thereby, and that each such payment shall be made without any offset, abatement, withholding or reduction whatsoever. 

(e) Reimbursement. If any Issuing Bank shall make any LC Disbursement in respect of a Letter of Credit, the Relevant Borrower shall be
deemed to have requested a Borrowing of Base Rate Loans or Canadian Prime Loans of the applicable currency in an amount equal to such LC Disbursement (but shall not be required to satisfy any of the other conditions to funding of a Revolving Loan
hereunder). Promptly following such LC Disbursement, the applicable Issuing Bank shall notify the Administrative Agent and the Administrative Agent shall notify each Revolving A Lender under the applicable Revolving A Subfacility or Revolving A
Subfacilities of the applicable LC Disbursement, the payment then due from such Borrower in respect thereof and such Lender’s Pro Rata Percentage under such Revolving A Subfacility or Revolving A Subfacilities. Promptly following receipt of
such notice, each such Revolving A Lender shall fund a Revolving A Loan under the applicable Revolving A Subfacility, regardless of whether the conditions precedent set forth in Section 6 have been satisfied, in an amount
equal to its Pro Rata Percentage of the applicable LC Disbursement in the same manner as provided in Section 2.02(f) with respect to Loans made by such Revolving A Lender, and the Administrative Agent shall promptly pay to
the applicable Issuing Bank the amounts so received by it from such Revolving A Lenders; provided that any such payment by a Revolving A Lender of its Pro Rata Percentage of the LC Disbursement with respect to any Letter of Credit issued in
an Alternative Currency other than those specifically listed in the definition of the term “Alternative Currency” shall be made in Dollars. In the case of a Letter of Credit denominated in an Alternative Currency, the Revolving A
Loans funded to repay the applicable LC Disbursement shall be in such Alternative Currency, unless such Issuing Bank (at its option) shall have specified in such notice that it will require reimbursement in Dollars. In the case of any such repayment
in Dollars of a drawing under a Letter of Credit denominated in an Alternative Currency, the applicable Issuing Bank shall notify the applicable Borrower and the Administrative Agent of the Dollar Equivalent of the amount of the drawing promptly
following the determination thereof. Promptly following the funding of the applicable Revolving A Loans, pursuant to this paragraph, the Administrative Agent shall, to the extent that Revolving A Lenders have made payments pursuant to this paragraph
to reimburse any Issuing Bank, distribute such payment to the applicable Issuing Bank. Any payment made by a Revolving A Lender pursuant to this paragraph to reimburse an Issuing Bank for any LC Disbursement shall constitute a Loan. 

  
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 (f) Obligations Absolute. 

(i) Subject to the limitations set forth below, the obligation of the Revolving Borrowers to reimburse LC Disbursements as
provided in clause (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 any 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 any Revolving Borrower may have at any time against a beneficiary of any Letter of Credit, (v) any adverse change in the
relevant exchange rates or in the availability of an Alternative Currency to the Company or any Subsidiary or in the relevant currency markets generally or (vi) 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 Revolving Borrowers hereunder; provided
that the Revolving Borrowers shall have no obligation to reimburse any Issuing Bank to the extent that such payment was made in error due to the gross negligence or willful misconduct of such Issuing Bank (as determined by a court of competent
jurisdiction in a final non-appealable judgement or another independent tribunal having jurisdiction). Neither the Administrative Agent, the Lenders nor any 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 any Issuing Bank; provided that the foregoing shall not be construed to excuse any Issuing Bank from liability to the Revolving Borrowers
to the extent of any direct damages (as opposed to consequential damages, claims in respect of which are hereby waived by each Revolving Borrower to the extent permitted by applicable Requirement of Law) suffered by the Revolving Borrowers that are
caused by such 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 or willful misconduct on the part of any Issuing Bank (as determined by a court of competent jurisdiction or another independent tribunal having jurisdiction), each 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 strict compliance with the terms of a Letter of Credit, each
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. 

  
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 (ii) No Issuing Bank assumes any responsibility for any failure or delay in
performance or any breach by any Revolving Borrower or other Person of any obligations under any LC Document. No Issuing Bank makes to the Lenders any express or implied warranty, representation or guarantee with respect to the Collateral, such
documents or any Credit Party. No Issuing Bank shall 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, collectability, 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 Credit Party. 
 (g) Disbursement Procedures. Each Issuing Bank shall, promptly following its
receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such Issuing Bank shall promptly notify the Administrative Agent and the Relevant Borrower by electronic transmission of such demand for
payment and whether such Issuing Bank has made or will make a LC Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve any Revolving Borrower of its obligation to reimburse such Issuing
Bank and the Revolving A Lenders under the applicable Revolving A Subfacility 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 any Issuing Bank shall make any LC Disbursement, then 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 a Revolving A Loan is funded to reimburse such LC Disbursement, at the rate per annum then applicable to Base Rate Loans or Canadian Prime Loans, as
applicable. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving A Lender pursuant to clause (e) of this
Section 2.13 to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment. 

(i) Resignation or Removal of the Issuing Bank. Any Issuing Bank may resign as Issuing Bank hereunder at any time upon at least 30
days’ prior written notice to the Revolving A Lenders, the Administrative Agent and the Company. Any Issuing Bank may be replaced at any time by agreement between the Company and the Administrative Agent; provided that unless an Event of
Default under Section 10.01(a) or 10.01(e) is then continuing, such replacement shall not become effective unless a replacement Issuing Bank has been appointed pursuant to clause (k) below or the Company has
consented to such replacement. One or more Revolving A Lenders may be appointed as additional Issuing Banks in accordance with clause (k) below. The Administrative Agent shall notify the Revolving A Lenders of any such replacement of such
Issuing Bank or any such additional Issuing Bank. At the time any such resignation or replacement shall become effective, the Company 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 an Issuing
Bank 

  
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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 Company or other Relevant Borrower may, in its discretion, select which Issuing Bank is to issue any particular Letter of Credit. 

(j) Cash Collateralization. 

(i) If any Event of Default shall occur and be continuing, on the Business Day that the Company receives written notice from
the Administrative Agent (acting at the request of the Required Lenders) demanding the deposit of Cash Collateral pursuant to this paragraph, (A) the Revolving Borrowers shall deposit in the Foreign LC Collateral Account, in the name of the
Administrative Agent and for the benefit of the Secured Creditors, an amount in cash equal to 103.00% of the LC Exposure (other than the U.S. LC Exposure) as of such date; and (B) the U.S. Revolving Borrowers shall deposit in the U.S. LC
Collateral Account, in the name of the Administrative Agent and for the benefit of the Secured Creditors, an amount in cash equal to 103.00% of the U.S. LC Exposure as of such date. The Administrative Agent shall promptly release and return any such
Cash Collateral to the Company (in no event later than two (2) Business Days) once all Events of Default are cured or waived. 

(ii) To the extent the Fronting Exposure associated with any Defaulting Lender cannot be reallocated pursuant to
Section 2.11, the Revolving Borrowers shall, on demand by an Issuing Bank or the Administrative Agent from time to time, Cash Collateralize such Fronting Exposure; provided that any amount deposited to Cash
Collateralize any Fronting Exposure associated with any Defaulting Lender shall be automatically released and returned to the Company or the Relevant Borrower at the time the Company, the Administrative Agent and the applicable Issuing Bank agree in
writing that such Defaulting Lender is no longer a Defaulting Lender. 
 (iii) Sections 2.09 and 2.11 set forth
certain additional circumstances under which Cash Collateral may be, or is required to be, delivered under this Agreement. 

(iv) Each deposit of Cash Collateral pursuant to this Agreement with respect to LC Exposure (other than the U.S. LC Exposure)
shall be held by the Administrative Agent in the Foreign LC Collateral Account as collateral for the payment and performance of the obligations of the Revolving Borrowers (other than the U.S. Borrowers) under this Agreement. Each deposit of Cash
Collateral pursuant to this Agreement with respect to U.S. LC Exposure shall be held by the Administrative Agent in the U.S. LC Collateral Account as collateral for the payment and performance of the obligations of the U.S. Revolving Borrowers under
this Agreement. The Administrative Agent shall have a first priority perfected Lien (subject to Permitted Liens) and exclusive 

  
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dominion and control, including the exclusive right of withdrawal, over the LC Collateral Accounts. Other than any interest earned on the investment of such deposits of Cash Collateral, which
investments shall be made only in Cash Equivalents and at the direction of the Company and at the Company’s risk and expense, such deposits of Cash Collateral shall not bear interest. Interest or profits, if any, on such investments shall
accumulate in such account. Monies in such accounts shall be applied by the Administrative Agent to reimburse the applicable Issuing Banks for the applicable LC Disbursements for which they have not been reimbursed and, to the extent not so applied,
shall be held for the satisfaction of the reimbursement obligations of the applicable Revolving Borrowers for the applicable LC Exposure at such time or, if the maturity of the Loans has been accelerated (but subject to the consent of Revolving A
Lenders with LC Exposure under the applicable Subfacilities representing greater than 50% of the such LC Exposure), be applied to satisfy other Obligations of the applicable Revolving Borrowers. Except as otherwise provided in this Agreement, the
Administrative Agent shall promptly (and in no event later than the next Business Day) release and return any Cash Collateral to the Company or the Relevant Borrower once the event or circumstance giving rise to the requirement of any Credit Party
to deposit such Cash Collateral is no longer continuing. 
 (k) Additional Issuing Banks. The Company may, at any time and from time
to time with the consent of the Administrative Agent (which consent shall not be unreasonably withheld) and such Revolving A Lender, designate one or more additional Revolving A Lenders to act as an issuing bank under the terms of this Agreement.
Any Revolving A Lender designated as an issuing bank pursuant to this clause (k) shall be deemed (in addition to being a Revolving A Lender) to be the Issuing Bank with respect to Letters of Credit issued or to be issued by such Revolving A
Lender, and all references herein and in the other Credit Documents to the term “Issuing Bank” shall, with respect to such Letters of Credit, be deemed to refer to such Revolving A Lender in its capacity as Issuing Bank, as the context
shall require. 
 (l) Limits on Issuance of Letters of Credit. No Issuing Bank shall be under an 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 such Issuing Bank from issuing such Letter of Credit, or any Requirement of Law applicable to such Issuing Bank or any request or directive (whether or not having the force of law) from any Governmental Authority with jurisdiction
over such Issuing Bank shall prohibit, or request that such Issuing Bank refrain from, the issuance of letters of credit generally or such Letter of Credit in particular or shall impose upon such Issuing Bank with respect to such Letter of Credit
any restriction, reserve or capital requirement (for which such Issuing Bank is not otherwise compensated hereunder) not in effect on the Initial Closing Date, or shall impose upon such Issuing Bank any unreimbursed loss, cost or expense which was
not applicable on the Initial Closing Date and which such 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 such Issuing Bank. 

  
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 (m) Limits on Amendments to Letters of Credit. No Issuing Bank shall be under an
obligation to amend any Letter of Credit if (i) such 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. 
 (n) LC Collateral Accounts. 

(i) The Administrative Agent is hereby authorized to establish and maintain at the Notice Office, in the name of the
Administrative Agent and pursuant to a dominion and control agreement, a restricted U.S. LC Collateral Account and Foreign LC Collateral Account. Each U.S. Credit Party shall deposit into the U.S. LC Collateral Account from time to time the Cash
Collateral required to be deposited into the U.S. LC Collateral Account under Section 2.13(j) hereof. Each Foreign Credit Party and FSHCO Guarantor shall deposit into the Foreign LC Collateral Account from time to time the
Cash Collateral required to be deposited into the Foreign LC Collateral Account under Section 2.13(j) hereof. 

(ii) The balance from time to time in such LC Collateral Accounts 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 Accounts shall constitute collateral security first for the liabilities in
respect of Letters of Credit under the applicable Revolving A Subfacilities outstanding from time to time and, with respect to amounts deposited in connection with the events described in clause (i) of such
Section 2.13(j) only, second for the other Obligations hereunder until such time as all applicable Letters of Credit shall have been terminated and all of the liabilities in respect of applicable Letters of Credit have been
paid in full. All funds in the LC Collateral Accounts may be invested in accordance with the provisions of Section 2.13(j). 

(o) Extended Commitments. If the Maturity Date shall have occurred at a time when Extended Revolving A Commitments are in effect, then
(i) all outstanding Letters of Credit shall automatically be deemed to have been issued (including for purposes of the obligations of the Revolving A Lenders under the applicable Revolving A Subfacility to purchase participations therein and to
make payments in respect thereof pursuant to Sections 2.13(d) and 2.13(e)) under (and ratably participated in by Revolving A Lenders) the applicable Extended Revolving A Commitments, up to an aggregate amount not to
exceed the aggregate principal amount of the unutilized applicable Extended Revolving A Commitments thereunder at such time (it being understood that no partial face amount of any Letter of Credit may be so reallocated) and (ii) to the extent
not reallocated pursuant to the immediately preceding clause (i), the applicable Revolving Borrowers shall Cash Collateralize any such Letter of Credit on such terms as may be agreed between the applicable Revolving Borrowers and the applicable
Issuing Bank. Except to the extent of reallocations of participations pursuant to the prior sentence, the occurrence of the Maturity Date with respect to Existing Revolving A Loans shall have no effect upon (and shall not diminish) the percentage
participations of the Revolving A Lenders of Extended Revolving A Loans in any Letter of Credit issued before the Maturity Date. 

  
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 2.14. Settlement Among Lenders. 

(a) The amount of each Lender’s Pro Rata Percentage under one or more Revolving A Subfacilites of outstanding Revolving A Loans (including
outstanding Swingline Loans under such Revolving A Subfacility or Revolving A Subfacilities) and under the Revolving B Facility shall be computed on such frequency as determined by the Administrative Agent in its discretion and shall be adjusted
upward or downward based on all Revolving A Loans (including Swingline Loans) and Revolving B Loans and repayments of Revolving A Loans (including Swingline Loans) under such Revolving A Subfacility or Revolving A Subfacilities and Revolving B
Loans, in each case, received by the Administrative Agent as of 12:00 p.m., Local Time, on the first Business Day (such date, the “Settlement Date”) following the end of the period specified by the Administrative Agent. 

(b) The Administrative Agent shall deliver to each of the Lenders promptly after a Settlement Date a summary statement of the amount of
outstanding Revolving A Loans (including Swingline Loans) and Revolving B 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 under the applicable Revolving A Subfacility or Revolving A Subfacilities or under the Revolving B Facility (as applicable) 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 ensure that, after giving effect to all such transfers, (A) the amount of Revolving A Loans made by each Lender with respect to
Revolving A Loans to the Revolving Borrowers (including Swingline Loans) shall be equal to such Lender’s applicable Pro Rata Percentage under the applicable Revolving A Subfacility or Revolving A Subfacilities of Revolving A Loans (including
Swingline Loans) outstanding under such Revolving A Subfacility or Revolving A Subfacilities as of such Settlement Date and (B) the amount of Revolving B Loans made by each Lender with respect to Revolving B Loans to the Revolving Borrowers
(including Swingline Loans) shall be equal to such Lender’s applicable Pro Rata Percentage under the Revolving B Facility outstanding thereunder 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 1:00 p.m., Local Time, on a Business Day, such transfers shall be made in immediately available funds no later than 3:00 p.m., Local Time, that day; and, if received after 1:00 p.m., Local
Time, then no later than 11:00 a.m., Local Time, 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 Administrative Agent, such Lender agrees to pay to the Administrative Agent, forthwith on demand such amount, together with interest thereon, for each day from the date such amount is due and payable
until the date such amount is repaid to the Administrative Agent, for the first such day, the Federal Funds Rate (for Dollars) or the Bank of Canada Overnight Rate (for Canadian Dollars) or a rate determined by the Administrative Agent in accordance
with banking industry rules on interbank compensation (for other Alternative Currencies), and for each day thereafter, the U.S. Base Rate (for amounts due under the U.S. Revolving A Subfacility or the Revolving B Facility, in each case denominated
in Dollars), the Canadian Base Rate (for amounts due under the Canadian Revolving Subfacility denominated in Dollars), the Canadian Prime Rate (for Canadian Dollars) or the Foreign Base Rate (for other Alternative Currencies). 

  
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 (c) The Borrowers shall not be required to pay any amounts under
Section 3.02 that may result from adjustments of Revolving Loans under this Section 2.14. 

2.15. Revolving A Commitment Increase. 

(a) Subject to the terms and conditions set forth herein, after the Initial Closing Date, the Company shall have the right to request, by
written notice to the Administrative Agent, an increase in the Revolving A Commitments under any Revolving A Subfacility (each, a “Revolving A Commitment Increase”) in an aggregate amount such that, after giving effect to any such
Revolving A Commitment Increase, the aggregate principal amount of all then outstanding Revolving A Commitments does not exceed $1,750,000,000; provided that (i) any Revolving A Commitment Increase shall be on the same terms (including
the Maturity Date under the applicable Revolving A Subfacility) and pursuant to the documentation applicable to the applicable Revolving A Subfacility, except as set forth under the second sentence of Section 2.15(d) and
except with respect to any commitment, arrangement, upfront or similar fees that may be agreed to among the Company and the Increase Loan Lenders (which terms (other than advance rates, revolving or term nature of the facility, pricing, interest
rate margins, discounts, premiums, rate floors, and fees) shall be reasonably satisfactory to the Administrative Agent), (ii) any Revolving A Commitment Increase shall be in a minimum amount of $25,000,000 or, if less than $25,000,000 is
available, the amount left available, and (iii) the North American Minimum Requirement shall be met at all times. 
 (b) Each notice
submitted pursuant to this Section 2.15 (a “Revolving A Commitment Increase Notice”) requesting a Revolving A Commitment Increase shall specify (i) the amount of the increase in the Revolving A
Commitments being requested and (ii) the Revolving A Subfacility or Revolving A Subfacilities under which such Revolving A Commitments are being requested to be increased. Upon receipt of a Revolving A Commitment Increase Notice, the
Administrative Agent may (at the direction of the Company) promptly notify the applicable Revolving A Lenders and each such Revolving A Lender may (subject to the Company’s consent, which consent the Company may exercise in its sole discretion
(it is understood that the Company shall not be obligated to notify any existing Revolving A Lender of any request for a Revolving A Commitment Increase or consent to any existing Revolving A Lender’s participation in any such Revolving A
Commitment Increase) have the right to elect to have its Revolving A Commitment increased by its Pro Rata Percentage under the applicable Revolving A Subfacility or Revolving A Subfacilities (it being understood and agreed that (A) a Lender may
elect to have its Revolving A Commitment increased in excess of its Pro Rata Percentage under the applicable Revolving A Subfacility or Revolving A Subfacilities in its discretion if any other Revolving A Lender declines to participate in the
Revolving A Commitment Increase and (B) the Company may elect to offer, or consent to, an increase in the Revolving A Commitments of any Lender on a basis that is less than its Pro Rata Percentage under the applicable Revolving A Subfacility or
Revolving A Subfacilities of such Revolving A Commitment Increase) of the requested increase in Revolving A Commitments; provided that (I) each Lender may elect or decline, in its sole discretion, to have its Revolving A Commitment
increased in connection with any requested Revolving A Commitment Increase, it being understood that no Lender shall be obligated to increase its Revolving A Commitment unless it, in its sole discretion, so agrees and, if a Lender fails to respond
to any Revolving A Commitment Increase Notice within five (5) Business Days after such Lender’s receipt of such request, such Lender shall be deemed to have 

  
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declined to participate in such Revolving A Commitment Increase; (II) if any Lender declines to participate in any Revolving A Commitment Increase or the Company does not consent to or
request the participation of a Revolving A Lender in any such Revolving A Commitment) and, as a result, commitments from additional financial institutions are required in connection with the Revolving A Commitment Increase, any Person or Persons
providing such commitment (such additional financial institutions “Additional Lenders”) shall be subject to the written consent of the Administrative Agent, the applicable Swingline Lenders and the applicable Issuing Banks (in each
case, such consent not to be unreasonably withheld, conditioned or delayed) if such consent would be required under Section 12.04 for an assignment of the commitments to such Additional Lender; (III) in no event shall
a Defaulting Lender be entitled to participate in such Revolving A Commitment Increase; and (IV) no Issuing Bank or Swingline Lender shall be required to act in such capacity under the Revolving A Commitment Increase that increases the
applicable LC Sublimit or the maximum amount of the applicable Swingline loans without its prior written consent. In the event that any Lender or Additional Lender agrees to participate in any Revolving A Commitment Increase (each an
“Increase Loan Lender”), such Revolving A Commitment Increase shall become effective on such date as shall be mutually agreed upon by the Increase Loan Lenders and the Company, which date shall be as soon as practicable after the
date of receipt of the Revolving A Commitment Increase Notice (such date, the “Increase Date”); provided that the establishment of such Revolving A Commitment Increase shall be subject to the satisfaction of each of the
following conditions: (1) no Event of Default would exist after giving effect thereto; (2) the Revolving A Commitment Increase shall be effected pursuant to one or more joinder agreements executed and delivered by the Company, the
Administrative Agent, and the Increase Loan Lenders, each of which shall be reasonably satisfactory to the Company, the Administrative Agent, and the Increase Loan Lenders; (3) the Revolving Borrowers shall execute and deliver or cause to be
executed and delivered to the Administrative Agent, to the extent reasonably required by the Increase Loan Lenders, customary closing certificates, legal opinions, good standing certificates, resolutions and organizational documents of the type and
form delivered on the applicable Closing Date; (4) the representations and warranties contained in Section 7 shall be true and correct in all material respects (or in all respects to the extent that any representation
or warranty is qualified by materiality) as of the Increase 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); and (5) all fees and expenses required to be paid in connection with any such Revolving A Commitment Increase to the Administrative Agent and the Increase Loan Lenders shall have been paid
to the extent due and owing and, with respect to expenses, to the extent invoices have been received no later than three Business Days prior to the proposed Increase Date. 

(c) On the Increase Date, upon fulfillment of the conditions set forth in this Section 2.15, (i) the Administrative
Agent shall effect a settlement of all outstanding Revolving A Loans among the Revolving A Lenders that will reflect the adjustments to the Revolving A Commitments of the Revolving A Lenders as a result of the Revolving A Commitment Increase,
(ii) the Administrative Agent shall notify the Revolving A Lenders and Credit Parties of the occurrence of the Revolving A Commitment Increase to be effected on the Increase Date, (iii) the Commitment Schedule shall be deemed modified to
reflect the revised Revolving A Commitments of the affected Lenders and (iv) Notes will be issued, at the expense of the Revolving Borrowers, to any Increase Loan Lender requesting a Note. 

  
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 (d) Except as described in Section 2.15, the terms and provisions of
the Revolving A Commitment Increase shall be identical to the Revolving A Loans and the Revolving A Commitments and, for purposes of this Agreement and the other Credit Documents, all Revolving A Loans made under the Revolving A Commitment Increase
shall be deemed to be Revolving A Loans. Without limiting the generality of the foregoing, (i) the pricing applicable to the Revolving A Commitment Increase shall be on terms as agreed with the Increase Loan Lenders but the Applicable Margin,
the FILO Applicable Margin and the Unused Line Fee Rate under the then existing Revolving A Commitment Increase shall be increased to be consistent with that for such Revolving A Commitment Increase, (ii) the Revolving A Commitment Increase
shall share ratably in any mandatory prepayments of the Revolving A Loans, (iii) after giving effect to such Revolving A Commitment Increases, Revolving A Commitments shall be reduced or increased (as applicable) based on each Revolving A
Lender’s Pro Rata Percentage under the applicable Revolving A Subfacility or Revolving A Subfacilities and (iv) the Revolving A Commitment Increase shall rank equal in right of payment and security with and shall benefit from the same
guarantees as the existing Revolving A Loans. Each joinder agreement and any amendment to any Credit Document requested by the Administrative Agent in connection with the establishment of the Revolving A Commitment Increase may, without the consent
of any of the Lenders, effect such amendments to this Agreement (an “Incremental Revolving A Commitment Agreement”) and the other Credit Documents as may be reasonably necessary or appropriate, in the opinion of the Administrative
Agent and the Company, to effect the provisions of this Section 2.15. 
 2.16. Borrower Representative.
Each Borrower hereby designates the Company as its representative and agent for all purposes under the Credit Documents, including requests for Revolving Loans and Letters of Credit, designation of interest rates, delivery or receipt of
communications, preparation and delivery of Borrowing Base and financial reports, receipt and payment of Obligations, requests for waivers, amendments or other accommodations, actions under the Credit Documents (including in respect of compliance
with covenants), and all other dealings with the Administrative Agent, the Issuing Banks or any Lender. The Company hereby accepts such appointment. The Administrative Agent and the Lenders shall be entitled to rely upon, and shall be fully
protected in relying upon, any notice or communication (including any Notice of Borrowing) delivered by the Company on behalf of any Borrower. The Administrative Agent and the Lenders may give any notice or communication with a Borrower hereunder to
the Company on behalf of such Borrower. Each of the Administrative Agent, the Issuing Banks and the Lenders shall have the right, in its discretion, to deal exclusively with the Company for any or all purposes under the Credit Documents. Each
Borrower agrees that any notice, election, communication, representation, agreement or undertaking made on its behalf by the Company shall be binding upon and enforceable against it. 

2.17. Overadvances. Except as otherwise provided in Section 1.06, if (i) the Dollar Equivalent of the
aggregate U.S. Revolving A Exposure outstanding exceeds the U.S. Revolving A Line Cap, (ii) the Dollar Equivalent of the aggregate Revolving A Exposure outstanding exceeds the Revolving A Line Cap, (iii) the Dollar Equivalent of the
aggregate Revolving B Exposure outstanding exceeds the Revolving B Line Cap, (iv) the Dollar Equivalent of the aggregate Canadian Revolving Exposure outstanding exceeds the Canadian Line Cap, (v) the Dollar Equivalent of the aggregate
French Revolving Exposure outstanding exceeds the French Line Cap, (vi) the Dollar Equivalent of the aggregate Spanish Revolving Exposure outstanding 

  
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exceeds the Spanish Line Cap, (vii) the Dollar Equivalent of the aggregate European (GNU) Revolving Exposure outstanding exceeds the European (GNU) Line Cap, (viii) the Dollar
Equivalent of the aggregate Australian Revolving Exposure outstanding exceeds the Australian Line Cap, or (ix) the Dollar Equivalent of the aggregate Revolving Exposure outstanding exceeds the Line Cap (each of the foregoing clauses (i)
through (ix), an “Overadvance”), in each case, at any time, but subject to the provisions of the next sentence, the excess amount shall be immediately payable by the applicable Revolving Borrowers and applied in accordance with
Section 2.09(b)(iii), but all such Revolving Exposure shall nevertheless constitute Obligations secured by the Collateral and entitled to all benefits of the Credit Documents. The Administrative Agent may require Revolving
Lenders to honor requests for Overadvance Loans and to forbear from requiring the Revolving Borrowers to cure an Overadvance, (a) when no other Event of Default is known to the Administrative Agent, as long as (i) the Overadvance does not
continue for more than 30 consecutive days (and no Overadvance may exist for at least five consecutive days thereafter before further Overadvance Loans are required); (ii) the aggregate amount of all Overadvances under the Revolving A
Subfacilities and Revolving A Protective Advances is not known by the Administrative Agent to exceed 10% of the Revolving A Line Cap, (iii) the aggregate amount of all Overadvances under the Revolving B Facility and Revolving B Protective
Advances is not known by the Administrative Agent to exceed 10% of the Revolving B Line Cap and (iv) the aggregate amount of all Overadvances and Protective Advances is not known by the Administrative Agent to exceed 10% of the Line Cap or
(b) when the Administrative Agent discovers an Overadvance not previously known by it to exist, so long as from the date of such discovery, the Overadvance (i) does not increase by more than the greater of (x) $100,000,000 and
(y) 5% of the Line Cap, and (ii) does not continue for more than 30 consecutive days. In no event shall Overadvance Loans be required that would cause (i) the Dollar Equivalent of the aggregate outstanding U.S. Revolving A Exposure to
exceed the aggregate U.S. Revolving A Commitments, (ii) the Dollar Equivalent of the aggregate outstanding Revolving A Exposure to exceed the aggregate Revolving A Commitments, (iii) the Dollar Equivalent of the aggregate outstanding
Revolving B Exposure to exceed the aggregate Revolving B Commitments, (iv) the Dollar Equivalent of the aggregate outstanding Canadian Revolving Exposure to exceed the aggregate Canadian Revolving Commitments, (v) the Dollar Equivalent of
the aggregate outstanding French Revolving Exposure to exceed the aggregate French Revolving Commitments, (vi) the Dollar Equivalent of the aggregate outstanding Spanish Revolving Exposure to exceed the aggregate Spanish Revolving Commitments,
(vii) the Dollar Equivalent of the aggregate outstanding European (GNU) Revolving Exposure to exceed the aggregate European (GNU) Revolving Commitments, (viii) the Dollar Equivalent of the aggregate outstanding Australian Revolving
Exposure to exceed the aggregate Australian Revolving Commitments or (ix) the Dollar Equivalent of the aggregate outstanding Revolving Exposure to exceed the aggregate Revolving Commitments. The making of any Overadvance shall not create nor
constitute a Default or Event of Default; it being understood that the making or continuance of an Overadvance shall not constitute a waiver by the Administrative Agent or the Lenders of the then existing Event of Default. In no event shall any
Revolving Borrower or other Credit Party be permitted to require any Overadvance Loan to be made. Required Lenders may at any time revoke the Administrative Agent’s authority to make further Overadvance Loans by written notice to the
Administrative Agent. Required Revolving A Lenders may at any time revoke the Administrative Agent’s authority to make further Overadvance Loans in respect of the Revolving A Subfacilities by written notice to the Administrative Agent. Required

  
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Revolving B Lenders may at any time revoke the Administrative Agent’s authority to make further Overadvance Loans in respect of the Revolving B Facility by written notice to the
Administrative Agent. Absent such revocation, the Administrative Agent’s determination that funding of an Overadvance Loan is appropriate shall be conclusive. 

2.18. Protective Advances. The Administrative Agent shall be authorized (but have no obligation), in its discretion, following notice
to and consultation with the Company, at any time regardless of whether the conditions precedent set forth in Section 6 have been satisfied, to make U.S. Base Rate Loans to the U.S. Revolving Borrowers in respect of U.S.
Revolving A Loans (each such loan, a “U.S. Revolving A Protective Advance”), U.S. Base Rate Loans to the U.S. Revolving Borrowers in respect of Revolving B Loans (each such loan, a “Revolving B Protective Advance”),
Canadian Prime Loans or Canadian Base Rate Loans (through its Canada branch or Canadian lending office) to the Canadian Borrowers (each such Loan, a “Canadian Protective Advance”), Foreign Base Rate Loans (through its London branch
or U.K. lending office) to the French Borrowers (each such Loan, a “French Protective Advance”), Foreign Base Rate Loans (through its London branch or U.K. lending office) to the Spanish Borrowers (each such Loan, a “Spanish
Protective Advance”), Foreign Base Rate Loans (through its London branch or U.K. lending office) to the European (GNU) Borrowers (each such Loan, a “European (GNU) Protective Advance”) and Australian Base Rate Loans
(through its Australia branch or Australian lending office) to the Australian Borrowers (each such Loan, an “Australian Protective Advance” and, together with the U.S. Revolving A Protective Advances, the Canadian Protective
Advances, the French Protective Advances, the Spanish Protective Advances and the European (GNU) Protective Advances, “Revolving A Protective Advances”, and, together with the Revolving B Protective Advances, the “Protective
Advances”) (a) (i) in an aggregate amount, together with the aggregate amount of all Overadvance Loans outstanding at the time such Protective Advance is made, not to exceed 10% of the Line Cap, (ii) in an aggregate amount,
together with the aggregate amount of Overadvance Loans under the U.S. Revolving A Subfacility outstanding at the time such Protective Advance is made, not to exceed 10% of the Line Cap for the U.S. Revolving A Subfacility, (iii) in an
aggregate amount, together with the aggregate amount of Overadvance Loans under the Revolving A Subfacilities outstanding at the time such Protective Advance is made, not to exceed 10% of the Revolving A Line Cap, (iv) in an aggregate amount,
together with the aggregate amount of Overadvance Loans under the Revolving B Facility outstanding at the time such Protective Advance is made, not to exceed 10% of the Revolving B Line Cap, (v) in an aggregate amount, together with the
aggregate amount of Overadvance Loans under the Canadian Revolving Subfacility outstanding at the time such Protective Advance is made, not to exceed 10% of the Line Cap for the Canadian Revolving Subfacility, (vi) in an aggregate amount,
together with the aggregate amount of Overadvance Loans under the French Revolving Subfacility outstanding at the time such Protective Advance is made, not to exceed 10% of the Line Cap for the French Revolving Subfacility, (vii) in an
aggregate amount, together with the aggregate amount of Overadvance Loans under the Spanish Revolving Subfacility outstanding at the time such Protective Advance is made, not to exceed 10% of the Line Cap for the Spanish Revolving Subfacility,
(viii) in an aggregate amount, together with the aggregate amount of Overadvance Loans under the European (GNU) Revolving Subfacility outstanding at the time such Protective Advance is made, not to exceed 10% of the Line Cap for the European
(GNU) Revolving Subfacility and (ix) in an aggregate amount, together with the aggregate amount of Overadvance Loans under the Australian Revolving Subfacility outstanding at the time such Protective Advance is made, 

  
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not to exceed 10% of the Line Cap for the Australian Revolving Subfacility, if the Administrative Agent deems such Protective Advances necessary or desirable to preserve and protect the
Collateral, or to enhance the collectability or repayment of the Obligations under such Revolving A Subfacility or the Revolving B Facility (as applicable); or (b) to pay any other amounts chargeable to Credit Parties under any Credit Document,
including costs, fees and expenses; provided that (i) the Dollar Equivalent of the aggregate amount of outstanding Protective Advances plus the Dollar Equivalent of the outstanding amount of Revolving Exposure shall not exceed the
aggregate Revolving Commitments, (ii) the Dollar Equivalent of the aggregate amount of outstanding U.S. Revolving A Protective Advances plus the Dollar Equivalent of the outstanding amount of U.S. Revolving A Exposure shall not exceed
the aggregate U.S. Revolving A Commitments, (iii) the Dollar Equivalent of the aggregate amount of outstanding Revolving A Protective Advances plus the Dollar Equivalent of the outstanding amount of Revolving A Exposure shall not exceed
the aggregate Revolving A Commitments, (iv) the Dollar Equivalent of the aggregate amount of outstanding Revolving B Protective Advances plus the Dollar Equivalent of the outstanding amount of Revolving B Exposure shall not exceed the
aggregate Revolving B Commitments, (v) the Dollar Equivalent of the aggregate amount of outstanding Canadian Protective Advances plus the Dollar Equivalent of the outstanding amount of Canadian Revolving Exposure shall not exceed the
aggregate Canadian Revolving Commitments, (vi) the Dollar Equivalent of the aggregate amount of outstanding French Protective Advances plus the Dollar Equivalent of the outstanding amount of French Revolving Exposure shall not exceed the
aggregate French Revolving Commitments, (vii) the Dollar Equivalent of the aggregate amount of outstanding Spanish Protective Advances plus the Dollar Equivalent of the outstanding amount of Spanish Revolving Exposure shall not exceed
the aggregate Spanish Revolving Commitments, (viii) the Dollar Equivalent of the aggregate amount of outstanding European (GNU) Protective Advances plus the Dollar Equivalent of the outstanding amount of European (GNU) Revolving Exposure
shall not exceed the aggregate European (GNU) Revolving Commitments, and (ix) the Dollar Equivalent of the aggregate amount of outstanding Australian Protective Advances plus the Dollar Equivalent of the outstanding amount of Australian
Revolving Exposure shall not exceed the aggregate Australian Revolving Commitments. Each applicable Revolving A Lender shall participate in each Revolving A Protective Advance in accordance with its Pro Rata Percentage under the applicable Revolving
A Subfacility or Revolving A Subfacilities. Each applicable Revolving B Lender shall participate in each Revolving B Protective Advance in accordance with its Pro Rata Percentage under the Revolving B Facility. Required Lenders may at any time
revoke the Administrative Agent’s authority to make further Protective Advances under clause (a) by written notice to the Administrative Agent. Required Revolving A Lenders may at any time revoke the Administrative Agent’s authority
to make further Revolving A Protective Advances under clause (a) by written notice to the Administrative Agent. Required Revolving B Lenders may at any time revoke the Administrative Agent’s authority to make further Revolving B Protective
Advances under clause (a) by written notice to the Administrative Agent. Absent such revocation, the Administrative Agent’s determination that funding of a Protective Advance is appropriate shall be conclusive. The Administrative Agent may
use the proceeds of any Revolving A Protective Advances to (a) protect, insure, maintain or realize upon any Collateral securing such Revolving A Subfacility; or (b) defend or maintain the validity or priority of the Collateral
Agent’s Liens on any such Collateral, including any payment of a judgment, insurance premium, warehouse charge, finishing or processing charge, or landlord claim, or any discharge 

  
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of a Lien. The Administrative Agent may use the proceeds of such Revolving B Protective Advances to (a) protect, insure, maintain or realize upon any Collateral securing the Revolving B
Facility; or (b) defend or maintain the validity or priority of the Collateral Agent’s or Australian Security Trustee’s Liens on any such Collateral, including any payment of a judgment, insurance premium, warehouse charge, finishing
or processing charge, or landlord claim, or any discharge of a Lien. 
 2.19. Extensions of Revolving A Loans and Revolving A
Commitments. 
 (a) The Company may at any time and from time to time request that all or a portion of the Revolving A Commitments of any
Class (including in respect of any Revolving A Subfacility, and, in each case, including any previously extended Revolving A Commitments), existing at the time of such request (each, an “Existing Revolving A Commitment” and any
related Revolving A Loans under any such Class (including in respect of any Revolving A Subfacility), “Existing Revolving A Loans”; each Existing Revolving A Commitment and related Existing Revolving A Loans together being referred
to as an “Existing Revolving A Class”) be converted or exchanged to extend the termination date thereof and the scheduled maturity date(s) of any payment of principal with respect to all or a portion of any principal amount of
Existing Revolving A Loans related to such Existing Revolving A Commitments (any such Existing Revolving A Commitments which have been so extended, “Extended Revolving A Commitments” and any related Revolving A Loans,
“Extended Revolving A Loans”) and to provide for other terms consistent with this Section 2.19. Prior to entering into any Extension Amendment with respect to any Extended Revolving A Commitments, the
Company shall provide a notice to the Administrative Agent (who shall provide a copy of such notice to each of the Lenders of the applicable Class (including in respect of any Revolving A Subfacility) of Existing Revolving A Commitments, with such
request offered equally to all Lenders of such Class (including in respect of any Revolving A Subfacility)) (an “Extension Request”) setting forth the proposed terms of the Extended Revolving A Commitments to be established
thereunder, which shall be on the same terms as those applicable to the Existing Revolving A Commitments from which they are to be extended (the “Specified Existing Revolving A Commitment Class”) except that (w) all or any of
the final maturity and/or termination dates of such Extended Revolving A Commitments may be delayed to later dates than the final maturity and/or termination dates of the Existing Revolving A Commitments of the Specified Existing Revolving A
Commitment Class, (x)(A) the interest rates, interest margins, rate floors, upfront fees, funding discounts, original issue discounts and prepayment terms and premiums with respect to the Extended Revolving A Commitments may be different than those
for the Existing Revolving A Commitments of the Specified Existing Revolving A Commitment Class and/or (B) additional fees and/or premiums may be payable to the Lenders providing such Extended Revolving A Commitments in addition to or in
lieu of any of the items contemplated by the preceding clause (A) and (y)(1) the Unused Line Fee Rate with respect to the Extended Revolving A Commitments may be different than those for the Specified Existing Revolving A Commitment
Class and (2) the Extension Amendment may provide for other covenants and terms that apply to any period after the existing Maturity Date for the Specified Existing Revolving A Commitment Class; provided that, notwithstanding
anything to the contrary in this Section 2.19 or otherwise, (I) the borrowing and repayment (other than in connection with a permanent repayment and termination of commitments) of the Extended Revolving A Loans under
any Extended Revolving A Commitments shall be made on a pro rata basis with any 

  
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borrowings and repayments of the Existing Revolving A Loans of the Specified Existing Revolving A Commitment Class (the mechanics for which may be implemented through the applicable Extension
Amendment and may include technical changes related to the borrowing and repayment procedures of the Specified Existing Revolving A Commitment Class), (II) the Extended Revolving A Loans shall rank equal in right of payment and security with and
shall benefit from the same guarantees as the Existing Revolving A Loans, and (III) subject to the applicable limitations set forth in Section 2.07, permanent repayments of Extended Revolving A Loans (and corresponding
permanent reduction in the related Extended Revolving A Commitments) shall be permitted as may be agreed between the Company and the Lenders thereof. No Lender shall have any obligation to agree to have any of its Revolving A Loans or Revolving A
Commitments of any Existing Revolving A Class converted or exchanged into Extended Revolving A Loans or Extended Revolving A Commitments pursuant to any Extension Request. Any Extended Revolving A Commitments of any Class shall constitute
a separate Class of Revolving A Commitments from Existing Revolving A Commitments of the Specified Existing Revolving A Commitment Class and from any other Existing Revolving A Commitments (together with any other Extended Revolving A
Commitments so established on such date). 
 (b) The Company shall provide the applicable Extension Request to the Administrative Agent at
least five (5) Business Days (or such shorter period as the Administrative Agent may determine in its reasonable discretion) prior to the date on which Lenders under the Existing Revolving A Class are requested to respond, and shall agree
to such procedures, if any, as may be established by, or acceptable to, the Administrative Agent, in each case acting reasonably, to accomplish the purpose of this Section 2.19. Any Lender (an “Extending
Lender”) wishing to have all or a portion of its Revolving A Commitments (or any earlier Extended Revolving A Commitments) of an Existing Revolving A Class subject to such Extension Request converted or exchanged into Extended
Revolving A Commitments shall notify the Administrative Agent (an “Extension Election”) on or prior to the date specified in such Extension Request of the amount of its Revolving A Commitments (and/or any earlier Extended Revolving
A Commitments) which it has elected to convert or exchange into Extended Revolving A Commitments (subject to any minimum denomination requirements imposed by the Administrative Agent). Any Lender that does not respond to the Extension Request on or
prior to the date specified therein shall be deemed to have rejected such Extension Request. Each Lender under the Class of Existing Revolving A Loans being extended shall have the opportunity to participate in such extension on the same terms
as each other Lender under such Class of Existing Revolving A Loans. In the event that the aggregate amount of Revolving A Commitments (and any earlier extended Extended Revolving A Commitments) subject to Extension Elections exceeds the amount
of Extended Revolving A Commitments requested pursuant to the Extension Request, Revolving A Commitments or earlier extended Extended Revolving A Commitments, as applicable, subject to Extension Elections shall be converted to or exchanged to
Extended Revolving A Commitments on a pro rata basis (subject to such rounding requirements as may be established by the Administrative Agent) based on the amount of Revolving A Commitments and earlier extended Extended Revolving A Commitments
included in each such Extension Election or as may be otherwise agreed to in the applicable Extension Amendment. Notwithstanding the conversion of any Existing Revolving A Commitment into an Extended Revolving A Commitment, unless expressly agreed
by all holders of each affected Existing Revolving A Commitment of the Specified Existing Revolving A Commitment Class, 

  
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such Extended Revolving A Commitment shall not be treated more favorably than all Existing Revolving A Commitments of the Specified Existing Revolving A Commitment Class for purposes of the
obligations of a Revolving A Lender in respect of Swingline Loans and Letters of Credit, except that the applicable Extension Amendment may provide that the last day for making Swingline Loans and/or the last day for issuing Letters of Credit may be
extended and the related obligations to make Swingline Loans and issue Letters of Credit may be continued (pursuant to mechanics to be specified in the applicable Extension Amendment) so long as the applicable Swingline Lender and/or each applicable
Issuing Bank shall have consented to such extensions (it being understood that no consent of any other Lender shall be required in connection with any such extension). 

(c) Extended Revolving A Commitments shall be established pursuant to an amendment (an “Extension Amendment”) to this
Agreement (notwithstanding anything to the contrary set forth in Section 12.10, shall not require the consent of any Lender other than the Extending Lenders with respect to the Extended Revolving A Commitments established
thereby), executed by the Credit Parties, the Administrative Agent and the Extending Lenders. In connection with any Extension Amendment, the Company shall deliver an opinion of counsel reasonably acceptable to the Administrative Agent and addressed
to the Administrative Agent and the applicable Extending Lenders as to the enforceability of such Extension Amendment, this Agreement as amended thereby, and such of the other Credit Documents (if any) as may be amended thereby and covering
customary matters. 
 (d) Notwithstanding anything to the contrary contained in this Agreement, (i) on any date on which any
Class of Existing Revolving A Commitments is converted or exchanged to extend the related scheduled maturity or termination date(s) in accordance with paragraph (a) above (an “Extension Date”), the aggregate principal
amount of such Existing Revolving A Commitments shall be deemed reduced by an amount equal to the aggregate principal amount of Extended Revolving A Commitments so converted or exchanged by such Lender on such date (or by any greater amount as may
be agreed by the Company and such Lender), and such Extended Revolving A Commitments shall be established as a separate Class of Revolving A Commitments from the Specified Existing Revolving A Commitment Class and from any other Existing
Revolving A Commitments (together with any other Extended Revolving A Commitments so established on such date) and (ii) if, on any Extension Date, any Existing Revolving A Loans of any Extending Lender are outstanding under the Specified
Existing Revolving A Commitment Class, such Existing Revolving A Loans (and any related participations) shall be deemed to be converted or exchanged to Extended Revolving A Loans (and related participations) of the applicable Class in the same
proportion as such Extending Lender’s Specified Existing Revolving A Commitments to Extended Revolving A Commitments of such Class. 

(e) In the event that the Administrative Agent determines in its sole discretion that the allocation of the Extended Revolving A Commitments of
a given Class to a given Lender was incorrectly determined as a result of manifest administrative error in the receipt and processing of an Extension Election timely submitted by such Lender in accordance with the procedures set forth in the
applicable Extension Amendment, then the Administrative Agent, the Company and such affected Lender may (and hereby are authorized to), in their sole discretion and without the consent of any other Lender, enter into an amendment to this Agreement
and the 

  
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other Credit Documents (each, a “Corrective Extension Amendment”) within 15 days following the effective date of such Extension Amendment, as the case may be, which Corrective
Extension Amendment shall (i) provide for the conversion or exchange and extension of Existing Revolving A Commitments (and related Revolving A Exposure), as the case may be, in such amount as is required to cause such Lender to hold Extended
Revolving A Commitments (and related Revolving A Exposure) of the applicable Class into which such other commitments were initially converted or exchanged, as the case may be, in the amount such Lender would have held had such administrative
error not occurred and had such Lender received the minimum allocation of the applicable Loans or Commitments to which it was entitled under the terms of such Extension Amendment, in the absence of such error, and (ii) be subject to the
satisfaction of such conditions as the Administrative Agent, the Company and such Lender may agree. 
 (f) No conversion or exchange of Loans
or Commitments pursuant to any Extension Amendment in accordance with this Section 2.19 shall constitute a voluntary or mandatory payment or prepayment for purposes of this Agreement. 

2.20. Adjustment of Revolving A Commitments. 

(a) The Company may, by written notice to the Administrative Agent, request that the Administrative Agent and the Revolving A Lenders increase
or decrease the Revolving A Commitments under any Revolving A Subfacility (a “Revolving A Commitment Adjustment”), which request shall be granted by each Revolving A Lender electing to participate in such Revolving A Commitment
Adjustment (subject to the last sentence of this clause (a)) provided that each of the following conditions are satisfied: (i) no more than four Revolving A Commitment Adjustments may be made in any fiscal year, (ii) the written
request for a Revolving A Commitment Adjustment must be received by the Administrative Agent at least five (5) Business Days (or such shorter period of time as may be reasonably agreed to by the Administrative Agent) prior to the requested date
(which shall be a Business Day) of the effectiveness of such Revolving A Commitment Adjustment (such date of effectiveness, the “Commitment Adjustment Date”), (iii) no Default or Event of Default shall have occurred and be
continuing as of the date of such request or both immediately before and after giving effect thereto as of the Commitment Adjustment Date, (iv) any increase in any Revolving A Subfacility shall result in a Dollar-for-Dollar decrease in one or more other Revolving A Subfacilities pursuant to this Section 2.20, and any decrease in any Revolving A Subfacility pursuant to this
Section 2.20 shall result in a Dollar-for-Dollar increase in one or more other Revolving A Subfacilities, (v) no Revolving A Commitment
Adjustment shall be permitted if, after giving effect thereto and all prepayments of Revolving Loans made on such date, an Overadvance would exist under any Revolving A Subfacility, (vi) after giving effect to any Revolving A Commitment
Adjustment, the North American Minimum Requirement shall be met, and (vii) the Administrative Agent shall have received a certificate of the Company dated as of the Commitment Adjustment Date certifying the satisfaction of all such conditions
(including calculations thereof in reasonable detail) and otherwise in form and substance reasonably satisfactory to the Administrative Agent. Any such Revolving A Commitment Adjustment shall be in an amount equal to $5,000,000 or a multiple of
$1,000,000 in excess thereof and shall concurrently increase or reduce, as applicable, the aggregate Revolving A Commitments available for use under each Revolving A Subfacility on a basis allocated by the Administrative Agent following discussion
with each Revolving A Lender as to their desire to participate in 

  
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such Revolving A Commitment Adjustment (which allocation may vary from each such Lender’s Pro Rata Percentage under the applicable Revolving A Subfacility or Revolving A Subfacilities of the
amount to be reallocated). Notwithstanding the foregoing, (i) each Revolving A Lender may elect or decline, in its sole discretion, to have its Revolving A Commitment reallocated in connection with any requested Revolving A Commitment
Adjustment, it being understood that no Lender shall be obligated to reallocate its Revolving A Commitment unless it, in its sole discretion, so agrees and, if a Lender fails to respond to any request for a Revolving A Commitment Adjustment within
five (5) Business Days after such Lender’s receipt of such request, such Lender shall be deemed to have declined to participate in such Revolving A Commitment Adjustment and (ii) in no event shall a Lender’s aggregate Commitment
be reduced without its explicit consent. 
 (b) The Administrative Agent shall promptly inform the Revolving A Lenders of any request for a
Revolving A Commitment Adjustment made by the Company. If the conditions set forth in clause (a) above are not satisfied on the applicable Commitment Adjustment Date (or, to the extent such conditions relate to an earlier date, such earlier
date), the Administrative Agent shall notify the Company in writing that the requested Revolving A Commitment Adjustment will not be effectuated; provided, however, that the Administrative Agent shall in all cases be entitled to rely
(without liability) on the certificate delivered by the Company pursuant to clause (a)(vii) immediately above in making its determination as to the satisfaction of such conditions. On each Commitment Adjustment Date, the Administrative Agent
shall notify the Revolving A Lenders and the Company, on or before 2:00 p.m. (Local Time), by e-mail, of the occurrence of the Revolving A Commitment Adjustment to be effected on such Commitment Adjustment
Date, the amount of Revolving A Loans held by each Revolving A Lender as a result thereof, the amount of the Revolving A Commitment of each Revolving A Lender available for use under each Revolving A Subfacility and the percentage of each Revolving
A Loan that each participant must purchase a participation interest in as a result thereof. 
 2.21. Subsidiary Borrowers. 

(a) Additional Borrowers. The Company may at any time, upon not less than five (5) Business Days’ notice from the Company to
the Administrative Agent (or such shorter period as may be reasonably agreed by the Administrative Agent) and prior written approval in respect of “know your customer” requirements by each Lender under the applicable Revolving A
Subfacility or Revolving B Facility, designate any one or more Domestic Subsidiaries, Canadian Subsidiaries, French Subsidiaries, Spanish Subsidiaries, European (GNU) Subsidiaries or Australian Subsidiaries of the Company that have assets of the
type eligible for inclusion in the applicable Borrowing Base (an “Applicant Borrower”) as a Revolving Borrower under (i) in the case of Domestic Subsidiaries, Canadian Subsidiaries, French Subsidiaries, Spanish Subsidiaries,
European (GNU) Subsidiaries or Australian Subsidiaries, the applicable Revolving A Subfacility and (ii) in the case of Domestic Subsidiaries, the Revolving B Facility, to receive proceeds of Revolving A Loans or Revolving B Loans (as
applicable) hereunder by delivering to the Administrative Agent (which shall promptly deliver counterparts thereof to each Revolving A Lender or Revolving B Lender (as applicable)) a duly executed notice and agreement in substantially the form of
Exhibit J or such other form as may be agreed by the Company and the Administrative Agent (acting reasonably) (a “Borrower Designation Request and Assumption Agreement”). The parties hereto acknowledge and agree that prior to
any Applicant Borrower 

  
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becoming entitled to utilize the credit facilities provided for herein the Administrative Agent and the Revolving A Lenders or the Revolving B Lenders (as applicable) shall have received such
supporting resolutions, constitutional documents, incumbency certificates, TEG Letters (in respect of French Borrowers only), opinions of counsel, other documents required to be delivered pursuant to the Collateral and Guarantee Requirement,
valuations and other documents, instruments or information (including any “know-your-customer” information reasonably requested by the Administrative Agent or any Revolving Lender (through the Administrative Agent)), in each case similar
in scope and substance to the same type of documents delivered on the applicable Closing Date, as may be required by the Administrative Agent or the Required Revolving A Lenders or the Required Revolving B Lenders (as applicable), and Notes signed
by such new Borrowers to the extent any Revolving A Lenders or Revolving B Lenders (as applicable) so require. If the Administrative Agent agrees that an Applicant Borrower shall have satisfied all of the requirements of this
Section 2.21 and, therefore, be entitled to receive Loans hereunder, then promptly following receipt of all such requested resolutions, incumbency certificates, other documents required to be delivered pursuant to the
Collateral and Guarantee Requirement, opinions of counsel and other documents, instruments or information, the Administrative Agent shall send a notice in substantially the form of Exhibit K (a “Borrower Designation Notice”)
to the Company and the Revolving A Lenders or the Revolving B Lenders (as applicable) specifying the effective date upon which the Applicant Borrower shall constitute a Revolving Borrower under the applicable Revolving A Subfacility or the Revolving
B Facility (as applicable) for purposes hereof, whereupon such Applicant Borrower shall become a Revolving Borrower under the applicable Revolving A Subfacility or the Revolving B Facility (as applicable) for all purposes of this Agreement
(including to receive Revolving A Loans or Revolving B Loans (as applicable) hereunder, on the terms and conditions set forth herein); provided that no Notice of Borrowing may be submitted by or on behalf of such Applicant Borrower until one
Business Day after such effective date. 
 (b) Removal of Borrowers. The Company may from time to time, upon not less than
five (5) Business Days’ notice from the Company to the Administrative Agent (or such shorter period as may be reasonably agreed by the Administrative Agent), terminate any Subsidiary’s status as a Revolving Borrower; provided
that there are no outstanding Revolving A Loans, Revolving B Loans, or LC Obligations (except where such LC Obligations are Cash Collateralized in accordance with Section 2.13(j)) payable by such Revolving Borrower or other
amounts payable by such Revolving Borrower on account of any Credit Extensions made to it, as of the effective date of such termination (unless such Loans and other Obligations have been assumed by another Revolving Borrower). Following the
termination of any Subsidiary’s status as a Revolving Borrower hereunder, such Subsidiary shall, subject to the Collateral and Guarantee Requirement, remain a Subsidiary Guarantor and shall remain subject to the terms of this Agreement. The
Administrative Agent will promptly notify the Revolving A Lenders and the Revolving B Lenders of any such termination of a Revolving Borrower’s status. 

2.22. Reserves. 
 (a) The
Administrative Agent may at any time and from time to time in the exercise of its Permitted Discretion establish and increase or decrease Reserves; provided that, as a condition to the establishment of any new category of Reserves, or any
increase in Reserves resulting from a change in the manner of determination thereof, any Required Reserve Notice 

  
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shall have been given to the Company. The amount of any Reserve established or modified by the Administrative Agent shall have a reasonable relationship to circumstances, conditions, events or
contingencies that are the basis for such Reserve, as reasonably determined, without duplication, by the Administrative Agent; provided that circumstances, conditions, events or contingencies existing or arising prior to (i) in the case
of the U.S. Revolving A Subfacility, the Revolving B Facility and the Canadian Revolving Subfacility, the Initial Closing Date and, in each case, disclosed in writing in any Field Examination or Appraisal delivered to the Administrative Agent in
connection herewith or otherwise known to the Administrative Agent prior to the Initial Closing Date shall not be the basis for any establishment of any Reserves after the Initial Closing Date, unless (A) such circumstances, conditions, events
or contingencies shall have changed in a material respect since the Initial Closing Date or (B) the Administrative Agent has identified, or been made aware of, such circumstances, conditions, events or contingencies prior to the Initial Closing
Date and advised the Company that a future Reserve may be taken therefor, (ii) in the case of the French Revolving Subfacility, the French Closing Date and, in each case, disclosed in writing in any Field Examination or Appraisal delivered to
the Administrative Agent in connection herewith or otherwise known to the Administrative Agent prior to the French Closing Date shall not be the basis for any establishment of any Reserves after the French Closing Date, unless (A) such
circumstances, conditions, events or contingencies shall have changed in a material respect since the French Closing Date or (B) the Administrative Agent has identified, or been made aware of, such circumstances, conditions, events or
contingencies prior to the French Closing Date and advised the Company that a future Reserve may be taken therefor, (iii) in the case of the Spanish Revolving Subfacility, the Spanish Closing Date and, in each case, disclosed in writing in any
Field Examination or Appraisal delivered to the Administrative Agent in connection herewith or otherwise known to the Administrative Agent prior to the Spanish Closing Date shall not be the basis for any establishment of any Reserves after the
Spanish Closing Date, unless (A) such circumstances, conditions, events or contingencies shall have changed in a material respect since the Spanish Closing Date or (B) the Administrative Agent has identified, or been made aware of, such
circumstances, conditions, events or contingencies prior to the Spanish Closing Date and advised the Company that a future Reserve may be taken therefor, (iv) in the case of the European (GNU) Revolving Subfacility, the European (GNU) Closing
Date and, in each case, disclosed in writing in any Field Examination or Appraisal delivered to the Administrative Agent in connection herewith or otherwise known to the Administrative Agent prior to the European (GNU) Closing Date shall not be the
basis for any establishment of any Reserves after the European (GNU) Closing Date, unless (A) such circumstances, conditions, events or contingencies shall have changed in a material respect since the European (GNU) Closing Date or (B) the
Administrative Agent has identified, or been made aware of, such circumstances, conditions, events or contingencies prior to the European (GNU) Closing Date and advised the Company that a future Reserve may be taken therefor, and (v) in the
case of the Australian Revolving Subfacility, the Australian Closing Date and, in each case, disclosed in writing in any Field Examination or Appraisal delivered to the Administrative Agent in connection herewith or otherwise known to the
Administrative Agent prior to the Australian Closing Date shall not be the basis for any establishment of any Reserves after the Australian Closing Date, unless (A) such circumstances, conditions, events or contingencies shall have changed in a
material respect since the Australian Closing Date or (B) the Administrative Agent has identified, or been made aware of, such circumstances, conditions, events or contingencies prior to the Australian Closing Date and advised the Company that
a future Reserve may be taken therefor. 

  
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 (b) Upon delivery of any Required Reserve Notice, the Administrative Agent shall be available to
discuss the proposed Reserve or increase, and the Company may take such action as may be required so that the event, condition or matter that is the basis for such Reserve or increase no longer exists, in a manner and to the extent reasonably
satisfactory to the Administrative Agent in the exercise of its Permitted Discretion. In no event shall such notice and opportunity limit the right of the Administrative Agent to establish or change such Reserve, unless the Administrative Agent
shall have determined in its Permitted Discretion that the event, condition or other matter that is the basis for such new Reserve or such change no longer exists or has otherwise been adequately addressed by the Credit Parties. Notwithstanding
anything herein to the contrary, Reserves shall not duplicate eligibility criteria contained in the definition of the term “Eligible Account”, “Eligible In-Transit Inventory”,
“Eligible Inventory”, “Eligible U.S. Real Estate” or “Eligible U.S. Intellectual Property” and vice versa, or reserves or criteria deducted in computing the Cost or the Outstanding Balance or the Net Orderly Liquidation
Value of any Eligible Account, Eligible In-Transit Inventory, Eligible Inventory, Eligible U.S. Real Estate or Eligible U.S. Intellectual Property, as the case may be, and vice versa. 

Section 3. Yield Protection, Illegality and Replacement of Lenders. 

3.01. Increased Costs, Illegality, etc. 

(a) Subject to Section 12.12, in the event that (x) in the case of clause (i) below, the Administrative
Agent, or (y) in the case of clauses (ii) and (iii) below, any Lender, shall have determined (which determination shall, absent demonstrable error, be final and conclusive and binding upon all parties hereto): 

(i) on any Rate Determination Date that, by reason of any changes arising after the Initial Closing Date affecting the
interbank Eurodollar market or Canadian interbank market, adequate and fair means do not exist for ascertaining the applicable interest rate on the basis provided for in the definition of the term “Eurocurrency Rate”, “Canadian CDOR
Rate” or “Australian Bill Rate” (including, without limitation, because the London Interbank Offered Rate is not available or published on a current basis); 

(ii) at any time, that such Lender shall incur increased costs or reductions in the amounts received or receivable hereunder
with respect to any Eurocurrency Rate Loan, Australian Bill Rate Loan or Canadian CDOR Rate Loan because of any change since the Initial Closing Date in any Requirements of Law (whether or not having the force of a law) or in the official
interpretation or administration thereof and including the introduction of any new Requirements of Law, official guideline or request, such as, but not limited to: (A) any Tax imposed on any Lender, provided that, in each case with respect to
this Section 3.01, not including (i) any Indemnified Taxes or Other Taxes indemnifiable under Section 4.01, (ii) Taxes described in clauses (b) through (j) of the definition of the
term “Excluded Taxes” and (iii) Connection Income Taxes, or (B) a change in official reserve requirements, but, in all events, excluding reserves required under Regulation D to the extent included in the computation of the
Eurocurrency Rate, Australian Bill Rate or Canadian CDOR Rate, as applicable; or 

  
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 (iii) at any time, that the making or continuance of any Eurocurrency Rate Loan,
Australian Bill Rate Loan or Canadian CDOR Rate Loan has been made (x) unlawful by any Requirement of Law, (y) impossible by compliance by any Lender, in good faith with any governmental request (whether or not having force of a
Requirement of Law) or (z) impracticable as a result of a contingency occurring after the Initial Closing Date which materially and adversely affects the London interbank market for such Eurocurrency Rate Loan, the Australian interbank market
or the Canadian interbank market; 
 then, and in any such event, such Lender (or the Administrative Agent, in the case of clause (i) above) shall
promptly give notice in writing to the Company and, except in the case of clause (i) above, to the Administrative Agent of such determination (which notice the Administrative Agent shall promptly transmit to each of the other Lenders).
Thereafter (w) subject to the immediately succeeding clause (x), in the case of clause (i) above, Eurocurrency Rate Loans, Australian Bill Rate Loans or Canadian CDOR Rate Loans, as applicable, shall no longer be available until such
time as the circumstances giving rise to such notice by the Administrative Agent no longer exist, and any Notice of Borrowing or Notice of Conversion/Continuation given by the Relevant Borrower with respect to Eurocurrency Rate Loans, Australian
Bill Rate Loans or Canadian CDOR Rate Loans which have not yet been incurred (including by way of conversion) shall be deemed to be requests by the applicable Borrowers for Base Rate Loans, Australian Base Rate Loans, Canadian Prime Loans or
Canadian Base Rate Loans, as applicable, (x) in the case of clause (i) above, if at any time the Administrative Agent determines (which determination shall be conclusive absent manifest error) that (A) the circumstances set forth in
clause (i) above have arisen and such circumstances are unlikely to be temporary or (B) the circumstances set forth in clause (i) above have not arisen but the supervisor for the administrator of the London Interbank Offered Rate or a
Governmental Authority having jurisdiction over the Administrative Agent has made a public statement identifying a specific date after which the London Interbank Offered Rate shall no longer be used for determining interest rates for loans, then
(I) the Administrative Agent and the Company shall endeavor to establish an alternate rate of interest to the Eurocurrency Rate that gives due consideration to the then prevailing market convention for determining a rate of interest for
syndicated loans in the United States at such time, and shall enter into an amendment to this Agreement to reflect such alternate rate of interest and such other related changes to this Agreement as may be applicable, (II) notwithstanding
anything to the contrary in Section 12.10, such amendment to this Agreement shall become effective without any further action or consent of any other party to this Agreement so long as the Administrative Agent shall not
have received, within five Business Days of the date notice of such alternate rate of interest is provided to the Lenders, a written notice from the Required Lenders stating that such Required Lenders object to such amendment, (III) until an
alternate rate of interest shall be determined in accordance with this clause (x) (but, in the case of the circumstances described in the immediately preceding clause (B), only to the extent the London Interbank Offered Rate for the
applicable currency and such Interest Period is not available or published at such time on a current basis), (X) any Notice of Conversion/Continuation that requests the conversion of any Borrowing to, or continuation of any Borrowing as, a
Borrowing of Eurocurrency Rate Loans shall be ineffective and (Y) if any 

  
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Notice of Borrowing requests a Borrowing of Eurocurrency Rate Loans, such Borrowing shall be made as a Borrowing of applicable Base Rate Loans; provided that, if such alternate rate of interest
shall be less than zero, such rate shall be deemed to be zero for the purposes of this Agreement, (y) in the case of clause (ii) above, each Borrower, jointly and severally, agrees to pay, as applicable, to such Lender, upon such
Lender’s written request therefor, such additional 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 shall be required to
compensate such Lender for such increased costs or reductions in amounts received or receivable hereunder (a written notice setting forth the additional amounts owed to such Lender, showing in reasonable detail the basis for the calculation thereof,
shall be submitted to the Company by such Lender and shall, absent demonstrable error, be final and conclusive and binding on all the parties hereto), and (z) in the case of clause (iii) above, the Borrowers shall take one of the actions
specified in Section 3.01(b) as promptly as possible and, in any event, within the time period required by a Requirement of Law. 

(b) At any time that any Eurocurrency Rate Loan, Australian Bill Rate Loan or Canadian CDOR Rate Loan is affected by the circumstances
described in Section 3.01(a)(ii), the Relevant Borrower may, and in the case of a Eurocurrency Rate Loan, an Australian Bill Rate Loan or a Canadian CDOR Rate Loan affected by the circumstances described in
Section 3.01(a)(iii), the Relevant Borrower shall either (x) if the affected Eurocurrency Rate Loan, Australian Bill Rate Loan or Canadian CDOR Rate Loan is then being made initially or pursuant to a conversion, cancel
such Borrowing by giving the Administrative Agent written notice on the same date that the Relevant Borrower was notified by the affected Lender or the Administrative Agent pursuant to Sections 3.01(a)(ii) or
3.01(a)(iii) or (y) if the affected Eurocurrency Rate Loan, Australian Bill Rate Loan or Canadian CDOR Rate Loan is then outstanding, upon at least three Business Days’ written notice to the Administrative Agent, require the
affected Lender to convert such Eurocurrency Rate Loan and such Australian Bill Rate Loan into the applicable Base Rate Loan, or such Canadian CDOR Rate Loan into a Canadian Prime Loan at the end of the applicable Interest Period, or such earlier
date as may be required by applicable Requirement of Law, provided that if more than one Lender is affected at any time, then all affected Lenders must be treated the same pursuant to this Section 3.01(b). 

(c) If any Lender determines that after the Initial Closing Date the introduction of or any change in any applicable Requirement of Law,
guideline, directive or request (whether or not having the force of a law) concerning capital adequacy or liquidity, or any change in interpretation or administration thereof by the NAIC or any Governmental Authority, central bank or comparable
agency, will have the effect of increasing the amount of capital or liquidity required or expected to be maintained by such Lender or any corporation controlling such Lender based on the existence of such Lender’s Commitments hereunder or its
obligations hereunder, then, each Borrower, jointly and severally, agrees to pay to such Lender, upon its written demand therefor, such additional amounts as shall be required to compensate such Lender or such other corporation for the increased
cost to such Lender or such other corporation or the reduction in the rate of return to such Lender or such other corporation as a result of such increase of capital or liquidity. In determining such additional amounts, each Lender will act
reasonably and in good faith and will use averaging and attribution methods which are reasonable, provided that such Lender’s determination of compensation owing under this Section 3.01(c) shall, absent demonstrable error, be final
and conclusive and binding on all the parties hereto. Each Lender, upon determining that any additional amounts will be payable pursuant to this Section 3.01(c), will give prompt written notice thereof to the Company, which
notice shall show in reasonable detail the basis for calculation of such additional amounts. 

  
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 (d) Notwithstanding anything in this Agreement to the contrary, (x) the Dodd-Frank Wall
Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith and (y) all requests, rules, guidelines or directives promulgated by the Bank for International
Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States regulatory authorities, in each case pursuant to Basel III ((x) and (y) collectively referred to as “Dodd-Frank and
Basel III”), shall be deemed to be a change after the Initial Closing Date in a Requirement of Law or government rule, regulation or order, regardless of the date enacted, adopted, issued or implemented (including for purposes of this
Section 3.01); provided, however, that no Lender or Issuing Bank shall be entitled to seek compensation under this Section 3.01 based on the occurrence of a change in a Requirement of
Law arising solely from Dodd-Frank and Basel III, unless such Lender or Issuing Bank is generally seeking compensation from other borrowers in the asset-based lending market with respect to its similarly affected commitments, loans and/or
participations under agreements with such borrowers having provisions similar to this Section 3.01. 
 (e)
Notwithstanding anything in this Agreement to the contrary, the Borrowers shall not be required to compensate a Lender or Issuing Bank pursuant to this Section 3.01 (i) for any increased costs incurred or reductions
suffered more than 180 days prior to the date that such Lender or Issuing Bank, as the case may be, notifies the Borrower of such Lender’s or Issuing Bank’s intention to claim compensation under this Section 3.01;
provided, however, that, if the introduction or change referred to in Sections 3.01(a)(ii) or 3.01(c) giving rise to such increased costs or reductions is retroactive, then the
180-day period referred to above shall be extended to include the period of retroactive effect thereof; or (ii) if such Lender or Issuing Banks is not charging such costs or reduced return to its
borrowers generally with respect to which it has the right to charge such costs. 
 3.02. Compensation. The Company agrees to
compensate each Lender, upon its written request (which request shall set forth in reasonable detail the basis for requesting such compensation and the calculation of the amount of such compensation), for all losses, expenses and liabilities
(including, without limitation, any loss, expense or liability incurred by reason of the liquidation or reemployment of deposits or other funds required by such Lender to fund its Eurocurrency Rate Loans, Australian Bill Rate Loans or Canadian CDOR
Rate Loans but excluding loss of the Applicable Margin, Modified Applicable Margin or the FILO Applicable Margin or other anticipated profits) which such Lender may sustain: (i) if for any reason (other than (A) a default by such Lender or
the Administrative Agent or (B) a notice under Section 3.01) a Borrowing of, or conversion from or into, Eurocurrency Rate Loans, Australian Bill Rate Loans or Canadian CDOR Rate Loans does not occur on a date
specified therefor in a Notice of Borrowing or Notice of Conversion/Continuation; (ii) if any prepayment or repayment (including any termination or reduction of Commitments made pursuant to Section 2.07 or as a result
of an acceleration of the Loans pursuant to Section 10) or conversion of any of its Eurocurrency Rate Loans, Australian Bill Rate Loans or Canadian CDOR Rate Loans occurs on a date which is not the last day of an Interest
Period with respect thereto (including as a result of the notice of 

  
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prepayment, termination or reduction, as applicable, being revoked by the Relevant Borrower); (iii) if any prepayment of any Eurocurrency Rate Loans, Australian Bill Rate Loans or Canadian CDOR
Rate Loans is not made on any date specified in a notice of termination or reduction given by the Company (including as a result of such notice of termination or reduction being revoked by the Relevant Borrower); (iv) if any Borrower shall fail to
make a payment of any Loan or drawing under any Letter of Credit (or interest due thereon) denominated in Canadian Dollars on its scheduled due date or any payment thereof in a different currency; (v) if any Borrower shall fail to make a
payment of any Loan or drawing under any Letter of Credit (or interest due thereon) denominated in Australian Dollars on its scheduled due date or any payment thereof in a different currency; or (vi) as a consequence of (x) any other
default by any Borrower to repay its Eurocurrency Rate Loans, Australian Bill Rate Loans or Canadian CDOR Rate Loans when required by the terms of this Agreement or any Note held by such Lender or (y) any election made pursuant to
Section 3.01(b). 
 3.03. Change of Lending Office. Each Lender agrees that on the occurrence of any event
giving rise to the operation of Sections 3.01(a)(ii), 3.01(a)(iii), 3.01(c) or 4.01 with respect to such Lender, it will, if requested by the Company, use reasonable efforts (subject to overall policy considerations of
such Lender) to designate another lending office for any Loans affected by such event; provided that such designation is made on such terms that such Lender and its lending office suffer no economic, legal or regulatory disadvantage, with the
object of avoiding the consequence of the event giving rise to the operation of such Section. Nothing in this Section 3.03 shall affect or postpone any of the obligations of the Borrowers or the right of any Lender provided
in Sections 3.01 and 4.01. 
 3.04. Replacement of Lenders. (x) If any Lender becomes a Defaulting
Lender, (y) upon the occurrence of an event giving rise to the operation of Sections 3.01(a)(ii), 3.01(a)(iii), 3.01(c) or 4.01 with respect to such Lender or (z) if any Lender does not consent to certain
proposed changes, waivers, discharges or terminations with respect to this Agreement which have been approved by the Required Lenders, the Company shall have the right, if no Event of Default then exists (or, in the case of preceding clause (z),
will exist immediately after giving effect to such replacement), to replace such Lender (the “Replaced Lender”) with one or more other Eligible Assignees, none of whom shall constitute a Defaulting Lender at the time of such
replacement (collectively, the “Replacement Lender”) and each of whom shall be required to be reasonably acceptable to the Administrative Agent (to the extent the Administrative Agent’s consent would be required for an
assignment to such Replacement Lender pursuant to Section 12.04); provided that (i) at the time of any replacement pursuant to this Section 3.04, the Replacement Lender shall enter into
one or more Assignment and Assumption Agreements pursuant to Section 12.04(b) (and with the processing fee required to be paid pursuant to Section 12.04(c) shall have been paid) pursuant to which
the Replacement Lender shall acquire all of the Commitments and outstanding Loans of, the Replaced Lender and, in connection therewith, shall pay to (x) the Replaced Lender in respect thereof an amount equal to the sum of (I) an amount
equal to the principal of, and all accrued interest on, all outstanding Loans of the respective Replaced Lender and (II) an amount equal to all accrued, but theretofore unpaid, fees owing to the Replaced Lender pursuant to
Section 2.05 and (ii) all obligations of each Borrower due and owing to the Replaced Lender at such time (other than those specifically described in clause (i) above in respect of which the assignment purchase
price has been, or is concurrently being, paid) shall be paid in full to such Replaced Lender concurrently with such replacement. Upon receipt 

  
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by the Replaced Lender of all amounts required to be paid to it pursuant to this Section 3.04, the Administrative Agent shall be entitled, obligated, and authorized to
execute an Assignment and Assumption Agreement on behalf of such Replaced Lender, and any such Assignment and Assumption Agreement so executed by the Administrative Agent and the Replacement Lender shall be effective for purposes of this
Section 3.04 and Section 12.04. Upon the execution of the respective Assignment and Assumption Agreement, the payment of amounts referred to in clauses (i) and (ii) above, recordation of
the assignment on the register pursuant to Section 12.04(e) and, if so requested by the Replacement Lender, delivery to the Replacement Lender of the appropriate Note or Notes executed by the applicable Borrowers,
(x) the Replacement Lender shall become a Lender hereunder and the Replaced Lender shall cease to constitute a Lender hereunder, except with respect to indemnification provisions under this Agreement (including, without limitation, Sections
3.01, 3.02, 4.01, 11.07 and 12.01), which shall survive as to such Replaced Lender. In connection with any replacement of Lenders pursuant to, and as contemplated by, this Section 3.04, each
Borrower hereby irrevocably authorizes the Company to take all necessary action, in the name of such Borrower, as described above in this Section 3.04 in order to effect the replacement of the respective Lender or Lenders
in accordance with the preceding provisions of this Section 3.04. 
 Section 4. Taxes. 

4.01. Net Payments. 
 (a)
All payments made by or on account of any Credit Party under any Credit Document shall be made free and clear of, and without deduction or withholding for, any Taxes, except as required by applicable Requirements of Law. If any Taxes are required by
applicable Requirements of Law to be withheld or deducted by any applicable withholding agent (as determined in the good faith discretion of the applicable withholding agent) from such payments, (i) to the extent such deduction or withholding
is on account of an Indemnified Tax, an additional amount shall be payable by the relevant Credit Parties so that after all required deductions or withholdings (including deductions or withholdings applicable to additional sums payable under this
Section 4.01) have been made, the Lender (or the Administrative Agent if the Administrative Agent receives the payment for its own account) receives an amount equal to the sum it would have received had no such deductions
or withholdings been made, (ii) the applicable withholding agent will make such deductions or withholdings, and (iii) the applicable withholding agent shall timely pay the full amount deducted or withheld to the relevant Governmental
Authority. In addition, the Credit Parties shall timely pay any Other Taxes to the relevant Governmental Authority in accordance with applicable Requirements of Law. As soon as practicable after the payment of any Indemnified Taxes or Other Taxes
described in this Section 4.01 by the Credit Parties, the Credit Parties will furnish to the Administrative Agent certified copies of tax receipts evidencing such payment by the applicable Credit Party, a copy of the return
reporting such payment or other evidence of such payment reasonably satisfactory to the Administrative Agent. The Credit Parties jointly and severally agree, to indemnify and hold harmless the Administrative Agent and each Lender, and reimburse the
Administrative Agent and each Lender, within 10 Business Days of written request therefor, for the amount of any Indemnified Taxes or Other Taxes payable or paid by the Administrative Agent or such Lender or required to be withheld or deducted in
respect of any payment to the Administrative Agent or such Lender under any Credit Document, and any Other Taxes (including any Indemnified Taxes 

  
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and Other Taxes imposed on or attributable to amounts payable under this Section 4.01), and any reasonable out-of-pocket 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. A
certificate as to the amount of such payment or liability prepared in good faith and delivered by the Administrative Agent or Lender (or by the Administrative Agent on behalf of a Lender) shall be conclusive absent manifest error. The Company shall
also, and does hereby, jointly and severally indemnify the Administrative Agent, and shall make payable in respect thereof within 30 days after demand therefor, for any amount of U.S. federal withholding Tax which a Lender for any reason fails
to pay indefeasibly to the Administrative Agent as required by Section 11.14; provided, that such indemnity shall not, as to the Administrative Agent, be available to the extent that such amount is determined by a
court of competent jurisdiction by final and non-appealable judgment to have resulted from the gross negligence or willful misconduct of the Administrative Agent. 

(b) Germany Tax Matters. 

(i) A payment by a German Credit Party shall not be increased pursuant to Section 4.01(a) by reason
of a withholding or deduction for, or on account of, Taxes imposed by Germany if on the date on which the payment falls due (i) the payment could have been made to the Lender without a withholding or deduction if the Lender had been a German
Qualifying Lender, but on that date that Lender is not or has ceased to be a German Qualifying Lender other than as a result of any change after the date it became a Lender under this Agreement in (or in the interpretation, administration, or
application of) any law or German Treaty, or any published practice or published concession of any relevant taxing authority or (ii) the relevant Lender is a German Treaty Lender and the Credit Party making the payment is able to demonstrate
that the payment could have been made to the Lender, without the withholding or deduction had that Lender complied with its obligations under Section 4.01(c) below. 

(ii) Each Lender shall indicate, and New Lender shall indicate, in the Assignment and Assumption Agreement which it executes on
becoming a party, and for the benefit of the Administrative Agent and without liability to any German Credit Party, which of the following categories it falls within: 

(A) not a German Qualifying Lender; 

(B) a German Qualifying Lender (other than a German Treaty Lender); or 

(C) a German Treaty Lender. 

If a New Lender fails to indicate its status in accordance with this Section 4.01(b)(ii), then such New Lender or
Lender (as appropriate) shall be treated for the purposes of this Agreement (including by each German Credit Party) as if it is not a German Qualifying Lender until such time as it notifies the Administrative Agent which category of German
Qualifying Lender applies (and the Administrative Agent, upon receipt of such notification, shall inform the German Credit Party). For the avoidance of doubt, an Assignment and Assumption Agreement shall not be invalidated by any failure of a New
Lender to comply with this Section 4.01(b)(ii). 

  
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 (c) Any Lender that is entitled to an exemption from or reduction of withholding Tax with respect
to payments made under any Credit Document shall deliver to the applicable Borrowers and the Administrative Agent, at the time or times reasonably requested by the Borrowers or the Administrative Agent, such properly completed and executed
documentation reasonably requested by the Borrowers or the Administrative Agent, certifying as to any entitlement of such Lender to an exemption from, or a reduced rate of, withholding Tax. In addition, each Lender shall deliver to the applicable
Borrowers and the Administrative Agent, at the time or times reasonably requested by the Borrowers or the Administrative Agent, such other documentation prescribed by applicable Requirements of Law or reasonably requested by the Borrowers or the
Administrative Agent as will enable the Borrowers or the Administrative Agent to determine whether such Lender is subject to backup withholding or information reporting requirements. Each Lender shall, whenever a lapse in time or change in
Requirements of Law or circumstances renders such documentation (including any specific documents required below in Section 4.01(d)) expired, obsolete or inaccurate in any respect, deliver promptly to the applicable
Borrowers and the Administrative Agent updated or other appropriate documentation (including any new documentation reasonably requested by the Borrowers or the Administrative Agent) or promptly notify the Borrowers and the Administrative Agent in
writing of its legal inability to do so. 
 (d) Without limiting the generality of the foregoing section (c), (I) (x) each Lender
that is not a United States person (as such term is defined in Section 7701(a)(30) of the Code) and that is holding any Domestic Obligation or any Obligation of a resident of the United States (within the meaning of Section 861 of the Code
and Treasury Regulation Section 1.861-2) shall deliver to the Company and the Administrative Agent on or prior to the date on which it becomes a party to this Agreement (and from time to time thereafter
upon the reasonable request of the Borrower or the Administrative Agent), (i) two accurate and complete original signed copies of (A) Internal Revenue Service Form W-8BEN or
W-8BEN-E (or successor form) claiming eligibility for benefits of an income tax treaty to which the United States is a party or (B) Internal Revenue Service Form W-8ECI (or successor form); (ii) in the case of a Lender claiming exemption from U.S. federal withholding Tax under Section 871(h) or 881(c) of the Code with respect to payments of “portfolio
interest,” a certificate substantially in the form of Exhibit C-1 (any such certificate, a “U.S. Tax Compliance Certificate”) to the effect that such Lender is not a
“bank” within the meaning of Section 881(c)(3)(A) of the Code, a “10 percent shareholder” of any Borrower within the meaning of Section 871(h)(3)(B) of the Code, or a “controlled foreign corporation”
related to any Borrower as described in Section 881(c)(3)(C) of the Code and two accurate and complete original signed copies of Internal Revenue Service Form W-8BEN or W-8BEN-E (or successor form); (iii) to the extent a Lender is not the beneficial owner (for example, where the Lender is a partnership or a participating Lender), two accurate and complete original
signed copies of Internal Revenue Service Form W-8IMY (or successor form) of the Lender, accompanied by Form W-8ECI, Form W-8BEN,
Form W-8BEN-E, U.S. Tax Compliance Certificate substantially in the form of Exhibit C-2 or Exhibit
C-3, Form W-9, Form W-8IMY, and/or any other required information (or successor or other applicable form) from each beneficial
owner that would be required under this Section 4.01(d) if such beneficial owner were a Lender (provided that, if the Lender is a partnership for U.S. federal income Tax purposes (and

  
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not a participating Lender), and one or more direct or indirect partners are claiming the portfolio interest exemption, the U.S. Tax Compliance Certificate substantially in the form of Exhibit C-4 may be provided by such Lender on behalf of such direct or indirect partner(s)); and/or (iv) two accurate and complete original signed copies of any other form prescribed by applicable U.S. federal income
tax law (including the Treasury Regulations) as a basis for claiming a complete exemption from, or a reduction in, U.S. federal withholding Tax on any payments to such Lender under the Credit Documents; and (y) each Lender that is a United
States person (as defined in Section 7701(a)(30) of the Code) and that is holding any Domestic Obligation or any Obligation of a resident of the United States (within the meaning of Section 861 of the Code and Treasury Regulation Section 1.861-2) shall deliver to the Company and the Administrative Agent, on or prior to the date on which it becomes a party to this Agreement, two accurate and complete original signed copies of Internal
Revenue Service Form W-9, or any successor form, certifying that such Lender is exempt from United States backup withholding and (II) each Lender to the Canadian Borrowers, French Borrowers, European
(GNU) Borrowers and Australian Borrowers shall deliver to the Company and the Administrative Agent on or prior to the date on which it becomes a party to this Agreement two accurate and complete original signed copies of either (x) Internal
Revenue Service Form W-9, or any successor form, certifying that such Lender is exempt from United States federal backup withholding or (y) an applicable Internal Revenue Service Form W-8 certifying such Lender’s non-U.S. status. A Lender shall deliver to the Company and the Administrative Agent, at the time or times prescribed by Requirements of Law
or reasonably requested by the Borrowers or the Administrative Agent, such documentation prescribed by applicable Requirements of Law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably
requested by the Borrowers or the Administrative Agent as may be necessary for the Borrowers and the Administrative Agent to comply with their obligations under FATCA, to determine whether such Lender has complied with such Lender’s obligations
under FATCA and to determine, if necessary, the amount to deduct and withhold from payments made to such Lender under any Credit Document. Solely for purposes of the preceding sentence, “FATCA” shall include any amendment made to FATCA
after the Initial Closing Date. 
 (e) Notwithstanding any other provision of this Section 4.01, a Lender shall not
be required to deliver any documentation that such Lender is not legally eligible to deliver. 
 (f) On or before the date hereof (and on or
before any successor or replacement Administrative Agent becomes an agent hereunder), the Administrative Agent shall deliver to the Company two duly executed originals of either (i) Internal Revenue Service Form
W-9 (or successor forms) certifying that it is exempt from U.S. federal backup withholding tax or (ii) a U.S. branch withholding certificate on Internal Revenue Service Form
W-8IMY (or any successor forms) evidencing its agreement with the Company to be treated as a United States person (as defined in Section 7701(a)(30) of the Code) (with respect to amounts received on
account of any Lender) and Internal Revenue Service Form W-8ECI (or any successor forms) (with respect to amounts received on its own account), with the effect that, in either case, the Borrowers that are
United States persons (as defined in Section 7701(a)(30) of the Code) will be entitled to make payments hereunder to the Administrative Agent without withholding or deduction on account of U.S. federal withholding Tax. The Administrative Agent
agrees that if any form or certification it previously delivered expires or becomes obsolete or inaccurate in any respect, it shall update such form or certification. 

  
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 (g) Each Lender hereby authorizes the Administrative Agent to deliver to the Credit Parties and
to any successor Administrative Agent any documentation provided by such Lender to the Administrative Agent pursuant to Sections 4.01(c) or 4.01(d). 

(h) If the Administrative Agent or any Lender determines, in its sole discretion exercised in good faith, that it has received a refund of any
Indemnified Taxes or Other Taxes as to which it has been indemnified by the Credit Parties or with respect to which a Credit Party has paid additional amounts pursuant to Section 4.01(a), it shall pay to the relevant Credit
Party an amount equal to such refund (but only to the extent of indemnity payments made, or additional amounts paid, by such Credit Party under Section 4.01(a) with respect to the Indemnified Taxes or Other Taxes giving
rise to such refund), net of all reasonable out-of-pocket expenses (including any Taxes) of the Administrative Agent or such Lender, 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 relevant Credit Party, upon the request of the Administrative Agent or such Lender, agrees to repay the amount paid
over to such Credit Party (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) to the Administrative Agent or such Lender in the event the Administrative Agent or such Lender is required to repay such refund
to such Governmental Authority. Nothing in this Section 4.01(h) shall be construed to obligate the Administrative Agent or any Lender to disclose its Tax returns or any other information regarding its Tax affairs or
computations to any Person or otherwise to arrange its Tax affairs in any manner other than as it determines in its sole discretion. 
 (i)
For the avoidance of doubt, for purposes of this Section 4.01, the term “Lender” shall include any Issuing Bank and any Swingline Lender. 

(j) Notwithstanding any other provision of this Section 4.01, Section 4.01(a) (other than
Sections 4.01(a)(ii) and 4.01(a)(iii)) shall not apply with respect to any Taxes assessed on an Australian Revolving Party which is Australian Withholding Tax in respect of any interest paid to an Australian Offshore Associate of the
Australian Borrower. 
 4.02. VAT. 

(a) All amounts expressed to be payable under a Credit Document by any Party to a Finance Party which (in whole or in part) constitute the
consideration for any supply for VAT purposes are deemed to be exclusive of any VAT which is chargeable on that supply, and accordingly, subject to paragraph (b) below, if VAT is or becomes chargeable on any supply made by any Finance Party to
any Party under a Credit Document and such Finance Party is required to account to the relevant tax authority for the VAT, that Party must pay to such Finance Party (in addition to and at the same time as paying any other consideration for such
supply) an amount equal to the amount of the VAT (and such Finance Party must promptly provide an appropriate VAT invoice to that Party). In this Section 4.02 and Section 4.03, the following
expressions shall have the following meanings: (i) “Finance Party” shall mean any Agent, any Lender or any other recipient of any payment to be made by or on account of any obligation of any Credit Party under any Credit Document;
(ii) “Party” shall mean any party to this Agreement and (iii) “VAT” shall mean (a) any tax imposed in compliance with the Council Directive of 28 November 2006 on the common system of value added tax (EC
Directive 2006/112) and (b) any other tax of a similar nature, whether imposed in a member state of the European Union in substitution for, or levied in addition to, such tax referred to in clause (a) above, or imposed elsewhere. 

  
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 (b) If VAT is or becomes chargeable on any supply made by any Finance Party (the
“Supplier”) to any other Finance Party (the “Recipient”) under a Credit Document, and any Party other than the Recipient (the “Relevant Party”) is required by the terms of any Credit Document to pay
an amount equal to the consideration for that supply to the Supplier (rather than being required to reimburse or indemnify the Recipient in respect of that consideration): 

(i) (where the Supplier is the person required to account to the relevant tax authority for the VAT) the Relevant Party must
also pay to the Supplier (at the same time as paying that amount) an additional amount equal to the amount of the VAT. The Recipient must (where this paragraph (i) applies) promptly pay to the Relevant Party an amount equal to any credit or
repayment the Recipient receives from the relevant tax authority which the Recipient reasonably determines relates to the VAT chargeable on that supply; and 

(ii) (where the Recipient is the person required to account to the relevant tax authority for the VAT) the Relevant Party must
promptly, following demand from the Recipient, pay to the Recipient an amount equal to the VAT chargeable on that supply but only to the extent that the Recipient reasonably determines that it is not entitled to credit or repayment from the relevant
tax authority in respect of that VAT. 
 (c) Where a Credit Document requires any Party to reimburse or indemnify a Finance Party for any
cost or expense, that Party shall reimburse or indemnify (as the case may be) such Finance Party for the full amount of such cost or expense, including such part thereof as represents VAT, save to the extent that such Finance Party reasonably
determines that it is entitled to credit or repayment in respect of such VAT from the relevant tax authority. 
 (d) Any reference in this
Section 4.02 to any Party shall, at any time when such Party is treated as a member of a group for VAT purposes, include (where appropriate and unless the context otherwise requires) a reference to the person who is treated
at that time as making the supply, or (as appropriate) receiving the supply, under the grouping rules (provided for in article 11 of Council Directive 2006/112/EC as amended (or as implemented by any relevant member state of the European Union)).

 (e) In relation to any supply made by a Finance Party to any Party under a Credit Document, if reasonably requested by such Finance Party,
that Party must promptly provide such Finance Party with details of that Party’s VAT registration and such other information as is reasonably requested in connection with such Finance Party’s VAT reporting requirements in relation to such
supply. 
 4.03. United Kingdom Tax Matters. The provisions of Section 4.01 shall not apply, and instead
the provisions of this Section 4.03 shall apply, to any advance under any Credit Document to any U.K. Borrower (such Person being a “Relevant Borrower” for the purposes of this
Section 4.03) by any Lender, provided that Section 4.01 shall apply in all respects to any payments under any Credit Document by a Credit Party that is treated as a “United States person” as
defined in Section 7701(a)(30) of the Code. 

  
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 (a) Definitions. Solely for the purposes of this Section 4.03,
the following terms shall have the following meanings: 
 (i) “Qualifying Lender” means (A) a Lender
(other than a Lender within clause (B) of the definition of Qualifying Lender) which is beneficially entitled to interest payable to that Lender in respect of an advance under a Credit Document and is (1) a Lender, (I) which is a bank
(as defined for the purpose of section 879 of the U.K. ITA) making an advance under a Credit Document and is within the charge to United Kingdom corporation tax as respects any payments of interest made in respect of that advance or would be within
such charge as respects such payments apart from section 18A of the CTA; or (II) in respect of an advance made under a Credit Document by a person that was a bank (as defined for the purpose of section 879 of the U.K. ITA) at the time that such
advance was made and is within the charge to United Kingdom corporation tax as respects any payments of interest made in respect of that advance; or (2) a Lender which is (I) a company resident in the United Kingdom for United Kingdom tax
purposes, (II) a partnership, each member of which is, (a) a company so resident in the United Kingdom, or (b) a company not so resident in the United Kingdom which carries on a trade in the United Kingdom through a permanent
establishment and which brings into account in computing its chargeable profits (within the meaning of section 19 of the CTA) the whole of any share of interest payable in respect of that advance that falls to it by reason of Part 17 of the CTA, or
(III) a company not so resident in the United Kingdom which carries on a trade in the United Kingdom through a permanent establishment and which brings into account interest payable in respect of that advance in computing the chargeable profits
(within the meaning of section 19 of the CTA) of that company, or (3) a U.K. Treaty Lender, or (B) Lender which is a building society (as defined for the purposes of section 880 of the U.K. ITA) making an advance. 

(ii) “Tax Confirmation” means a confirmation by a Lender that the person beneficially entitled to interest
payable to that Lender in respect of an advance under a Credit Document is either, (A) a company resident in the United Kingdom for United Kingdom tax purposes; or (B) a partnership each member of which is (1) a company so resident in
the United Kingdom, (2) a company not so resident in the United Kingdom which carries on a trade in the United Kingdom through a permanent establishment and which brings into account in computing its chargeable profits (within the meaning of
section 19 of the CTA) the whole of any share of interest payable in respect of that advance that falls to it by reason of Part 17 of the CTA, or (3) a company not so resident in the United Kingdom which carries on a trade in the United Kingdom
through a permanent establishment and which brings into account interest payable in respect of that advance in computing the chargeable profits (within the meaning of section 19 of the CTA) of that company. 

(iii) “UK Treaty State” means a jurisdiction having a double taxation agreement (a “UK
Treaty”) with the United Kingdom which makes provision for full exemption from tax imposed by the United Kingdom on interest. 

  
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 (iv) “U.K. Non-Bank
Lender” means (A) a Lender (which falls within clause (A)(2) of the definition of Qualifying Lender) which is a party to this Agreement and which has provided a Tax Confirmation to the Administrative Agent, and (B) where a
Lender becomes a party after the Initial Closing Date, an Eligible Assignee which gives a Tax Confirmation in the Assignment and Assumption Agreement which it executes on becoming a party. 

Except as otherwise expressly provided in this Section 4.03, a reference to “determines” or “determined” in
connection with tax provisions contained in Section 4.03 means a determination made in the absolute discretion of the person making the determination, acting reasonably. For the avoidance of doubt, for purposes of this
Section 4.03, the term “Lender” shall include any Issuing Bank and any Swingline Lender. 
 (b)
“Tax Gross-up”. 
 (i) Each Relevant Borrower shall make all
payments to be made by it under any Credit Document without any Tax Deduction unless a Tax Deduction is required by law. 

(ii) A Relevant Borrower shall, promptly upon becoming aware that it must make a Tax Deduction (or that there is any change in
the rate or the basis of a Tax Deduction) notify the Administrative Agent accordingly. Similarly, a Lender shall promptly notify the Administrative Agent on becoming so aware in respect of a payment payable to that Lender. If the Administrative
Agent receives such notification from a Lender it shall promptly notify the Relevant Borrower. 
 (iii) If a Tax Deduction is
required on account of Taxes imposed by the United Kingdom to be made by a Relevant Borrower, the amount of the payment due from that Relevant Borrower shall be increased to an amount which (after making any Tax Deduction) is equal to the payment
which would have been made by the Relevant Borrower if no such Tax Deduction had been required. 
 (iv) A payment shall not
be increased under clause (iii) above by reason of a Tax Deduction on account of Taxes imposed by the United Kingdom if, on the date on which the payment falls due: 

(A) the payment could have been made to the relevant Lender without a Tax Deduction if the Lender had been a Qualifying Lender,
but on that date that Lender is not or has ceased to be a Qualifying Lender other than as a result of any change after the date it became a Lender under this Agreement in (or in the interpretation, administration, or application of) any law or
treaty or any published practice or published concession of any relevant taxing authority; or 
 (B) the relevant Lender is a
Qualifying Lender solely by virtue of clause (A)(2) of the definition of Qualifying Lender, and: 
 (A) an officer of H.M.
Revenue & Customs has given (and not revoked) a direction (a “Direction”) under section 931 of the U.K. ITA which relates to the payment and that Lender has received from the Relevant Borrower making the payment a certified copy
of that Direction; and 

  
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 (B) the payment could have been made to the Lender without any Tax Deduction if
that Direction had not been made; or 
 (C) the relevant Lender is a Qualifying Lender solely by virtue of clause (A)(2) of
the definition of Qualifying Lender and: 
 (A) the relevant Lender has not given a Tax Confirmation to the Relevant
Borrower; and 
 (B) the payment could have been made to the Lender without any Tax Deduction if the Lender had given a Tax
Confirmation to the Relevant Borrower, on the basis that the Tax Confirmation would have enabled the Relevant Borrower to have formed a reasonable belief that the payment was an “excepted payment” for the purpose of section 930 of the U.K.
ITA; or 
 (D) the relevant Lender is a U.K. Treaty Lender and the Relevant Borrower making the payment is able to
demonstrate that the payment could have been made to the Lender without the Tax Deduction had that Lender complied with its obligations under Sections 4.03(b)(vii), 4.03(b)(xi) and 4.03(f)(i) respectively (as
applicable) below. 
 (v) If a Relevant Borrower is required to make a Tax Deduction, that Relevant Borrower shall make that
Tax Deduction and any payment required in connection with that Tax Deduction within the time allowed and in the minimum amount required by law. 

(vi) Within thirty days of making either a Tax Deduction or any payment required in connection with that Tax Deduction, the
Relevant Borrower making that Tax Deduction shall deliver to the Administrative Agent for the benefit of the Lender entitled to the payment a statement under section 975 of the U.K. ITA or other evidence reasonably satisfactory to that Lender that
the Tax Deduction has been made or (as applicable) any appropriate payment paid to the relevant taxing authority. 
 (vii) A
U.K. Treaty Lender and each Relevant Borrower which makes a payment to which that U.K. Treaty Lender is entitled shall co-operate in completing any procedural formalities necessary for that Relevant Borrower
to obtain authorization to make that payment without a Tax Deduction. 
 (viii) Nothing in
Section 4.03(b)(vii) above shall require a U.K. Treaty Lender to: 
 (A) register under the HMRC DT
Treaty Passport scheme; 
 (B) apply the HMRC DT Treaty Passport scheme to any advance if it has so registered; or 

  
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 (C) file Treaty forms if it has included an indication to the effect that it
wishes the HMRC DT Treaty Passport Scheme to apply to this Agreement in accordance with Sections 4.03(b)(xi) or 4.03(f)(i) (HMRC DT Treaty Passport scheme confirmation) and the Relevant Borrower making that payment
has not complied with its obligations under Sections 4.03(b)(xii) or 4.03(f)(ii) (HMRC DT Treaty Passport scheme confirmation). 

(ix) A U.K. Non-Bank Lender which becomes a party on the day on which this Agreement is
entered into gives a Tax Confirmation to the Administrative Agent by entering into this Agreement. 
 (x) A U.K. Non-Bank Lender shall promptly notify the Administrative Agent if there is any change in the position from that set out in the Tax Confirmation. 

(xi) A U.K. Treaty Lender which becomes a party on the day on which this Agreement is entered into that holds a passport under
the HMRC DT Treaty Passport scheme, and which wishes that scheme to apply to this Agreement, shall include an indication to that effect (for the benefit of the Administrative Agent and without liability to any Relevant Borrower) by notifying the
Administrative Agent of its scheme reference number and its jurisdiction of tax residence. 
 (xii) Where a Lender notifies
the Administrative Agent as described in Section 4.03(b)(xi) above the Administrative Agent shall promptly notify each Relevant Borrower and each Relevant Borrower shall file a duly completed form DTTP2 in respect of such
Lender with HM Revenue & Customs within 30 days of the date of this Agreement and shall promptly provide the Administrative Agent with a copy of that filing (for delivery to the Lender). 

(xiii) If a Lender has not included an indication to the effect that it wishes the HMRC DT Treaty Passport scheme to apply to
this Agreement in accordance with Section 4.03(b)(xi) above or Section 4.03(f)(i) (HMRC DT Treaty Passport scheme confirmation), no Relevant Borrower shall file any form relating to the HMRC DT
Treaty Passport scheme in respect of that Lender’s advance or its participation in any advance unless the Lender otherwise agrees. 

(c) Tax Indemnity. 

(i) The Relevant Borrowers shall (within three Business Days of demand by Agent) pay to a Secured Creditor an amount equal to
the loss, liability or cost which that Lender determines will be or has been (directly or indirectly) suffered for or on account of Taxes imposed by the United Kingdom by such Secured Creditor in respect of a Credit Document. 

  
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 (ii) Section 4.03(c)(i) above shall not apply: 

(A) with respect to any Taxes assessed on a Lender: 

(A) under the law of the jurisdiction in which such Lender is incorporated or, if different, the jurisdiction (or
jurisdictions) in which such Lender is treated as resident for tax purposes; 
 (B) under the law of the jurisdiction in
which such Lender’s lending office is located in respect of amounts received or receivable in such jurisdiction; or 

(C) under the law of any jurisdiction in which that Lender maintains a permanent establishment with which an amount payable
under a Credit Document is effectively connected by virtue of any activities carried on by the Lender through such permanent establishment in respect of that document, 

if such Taxes are imposed on or calculated by reference to the net income received or receivable (but not any sum deemed to be
received or receivable) by such Lender; or 
 (B) to the extent a loss, liability or cost: 

(A) is compensated for by an increased payment under Section 4.03(b)(iii) (Tax Gross-up); or 
 (B) would have been compensated for by an increased payment under
Section 4.03(b)(iii) (Tax Gross-up) but was not so compensated solely because one of the exclusions in Section 4.03(b)(iv) (Tax Gross-up) applied; or 
 (C) relates to a FATCA Deduction required to be made by a
Party. 
 (iii) A Lender making, or intending to make a claim under Section 4.03(c)(i) above shall
promptly notify the Administrative Agent of the event which will give, or has given, rise to the claim, following which the Administrative Agent shall notify the Relevant Borrowers. 

(iv) A Lender shall, on receiving a payment from the Relevant Borrowers under this Section 4.03(c),
notify the Administrative Agent. 
 (d) Tax Credit. If a Relevant Borrower makes a Tax Payment and the relevant Lender determines
that: 
 (i) a Tax Credit is attributable either to an increased payment of which that Tax Payment forms part, to that Tax
Payment or to a Tax Deduction in consequence of which that Tax Payment was required; and 
 (ii) that Lender has obtained,
utilized and retained that Tax Credit, 
 the Lender shall as soon as reasonably practicable following receipt of such Tax Credit pay an
amount to the Relevant Borrower which that Lender determines will leave it (after that payment) in the same after-Tax position as it would have been in had the Tax Payment not been required to be made by the
Relevant Borrower. 

  
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 (e) Lender Status Confirmation. Each New Lender shall indicate, in the Assignment and
Assumption Agreement which it executes on becoming a party, and for the benefit of the Administrative Agent and without liability to any Relevant Borrower, which of the following categories it falls within: 

(i) not a Qualifying Lender; 

(ii) a Qualifying Lender (other than a U.K. Treaty Lender); or 

(iii) a U.K. Treaty Lender. 

If a New Lender fails to indicate its status in accordance with this Section 4.03(e), then such New Lender or Lender
(as appropriate) shall be treated for the purposes of this Agreement (including by each Relevant Borrower) as if it is not a Qualifying Lender until such time as it notifies the Administrative Agent which category of Qualifying Lender applies (and
the Administrative Agent, upon receipt of such notification, shall inform the Relevant Borrower). For the avoidance of doubt, an Assignment and Assumption Agreement shall not be invalidated by any failure of a New Lender to comply with this
Section 4.03(e). 
 (f) HMRC DT Treaty Passport Scheme Confirmation. 

(i) A New Lender that is a U.K. Treaty Lender that holds a passport under the HMRC DT Treaty Passport scheme, and which wishes
that scheme to apply to this Agreement, shall include an indication to that effect (for the benefit of the Administrative Agent and without liability to any Relevant Borrower) in the Assignment and Assumption Agreement which it executes by including
its scheme reference number and its jurisdiction of tax residence in that Assignment and Assumption Agreement. 
 (ii) Where
an Assignment and Assumption Agreement includes the indication described in Section 4.03(f)(i) above in the relevant Assignment and Assumption Agreement, each Relevant Borrower which is a party as a Borrower as at the date
that the relevant Assignment and Assumption Agreement is executed (the “Assignment Transfer Date”) shall file a duly completed form DTTP2 in respect of such Lender with HM Revenue & Customs within 30 days of that
Assignment Transfer Date and shall promptly provide the Administrative Agent with a copy of that filing (for the delivery to the Lender). 

(g) Reserved. 
 (h)
FATCA Information. 
 (i) Subject to paragraph (iii) below, each Party shall, within ten Business Days of a
reasonable request by another Party: 
 (A) confirm to that other Party whether it is: 

  
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 (A) a FATCA Exempt Party; or 

(B) not a FATCA Exempt Party; 

(B) supply to that other Party such forms, documentation and other information relating to its status under FATCA as that other
Party reasonably requests for the purposes of that other Party’s compliance with FATCA; and 
 (C) supply to that other
Party such forms, documentation and other information relating to its status as that other Party reasonably requests for the purposes of that other Party’s compliance with any other law, regulation, or exchange of information regime. 

(ii) If a Party confirms to another Party pursuant to paragraph (i)(A) above that it is a FATCA Exempt Party and it
subsequently becomes aware that it is not or has ceased to be a FATCA Exempt Party, that Party shall notify that other Party reasonably promptly. 

(iii) Paragraph (i) above shall not oblige any Finance Party to do anything, and paragraph (a)(iii) above shall not
oblige any other Party to do anything, which would or might in its reasonable opinion constitute a breach of: 
 (A) any law
or regulation; 
 (B) any fiduciary duty; or 

(C) any duty of confidentiality. 

(iv) If a Party fails to confirm whether or not it is a FATCA Exempt Party or to supply forms, documentation or other
information requested in accordance with paragraph (i)(A) or (B) above (including, for the avoidance of doubt, where paragraph (iii) above applies), then such Party shall be treated for the purposes of the Credit Documents (and
payments under them) as if it is not a FATCA Exempt Party until such time as the Party in question provides the requested confirmation, forms, documentation or other information. 

(i) FATCA Deduction. 

(i) Each Party may make any FATCA Deduction it is required to make by FATCA, and any payment required in connection with that
FATCA Deduction, and no Party shall be required to increase any payment in respect of which it makes such a FATCA Deduction or otherwise compensate the recipient of the payment for that FATCA Deduction. 

(j) Each Party shall promptly, upon becoming aware that it must make a FATCA Deduction (or that there is any change in the rate or the basis of
such FATCA Deduction), notify the Party to whom it is making the payment and, in addition, shall notify the Company and the Administrative Agent and the Administrative Agent shall notify the other Finance Parties. 

  
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 4.04. Public Offer. 

(a) The Administrative Agent undertakes, represents and warrants to the Borrowers that it will make before the 30th day after the date of this
Agreement invitations to become a Revolving Lender under this Agreement: 
 (i) in the form agreed with the Borrowers to at
least 10 parties, each of whom, as at the date the relevant invitation is made, the Administrative Agent’s relevant officers involved in the Transaction on a day to day basis believe carries on the business of providing finance or investing or
dealing in securities in the course of operating in financial markets, for the purposes of section 128F(3A)(a)(i) of the Australian Tax Act, and each of whom has been disclosed to the Borrowers; or 

(ii) in an electronic form that is used by financial markets for dealing in debentures (as defined in section 128F(9) of the
Australian Tax Act) or debt interests (as defined in Sections 974-15 and 974-20 of the Australian Tax Act 1997) such as Reuters or Bloomberg. 

(b) The Administrative Agent undertakes, represents and warrants to the Borrowers that at least 10 of the parties to whom the Administrative
Agent will make invitations referred to in Section 4.04(a)(i) are not, as at the date the invitations are made, to the knowledge of the relevant officers of the Administrative Agent involved in the Transaction, Australian
Tax Associates of any of the others of those 10 offerees. 
 (c) The Administrative Agent undertakes, represents and warrants to the
Borrowers that it has not made and will not make offers or invitations referred to in Section 4.04(a)(i) to parties whom its relevant officers involved in the Transaction on a day to day basis are aware are Australian
Offshore Associates of the Australian Borrower. 
 (d) The Borrowers confirm that none of the potential invitees whose names were disclosed
to it by the Administrative Agent before the date of this Agreement were known or suspected by it to be an Australian Offshore Associate of any Borrower or an Australian Tax Associate of any other such invitee. 

(e) The Borrowers will advise the Administrative Agent if the potential invitees disclosed to it by the Administrative Agent are known or
suspected by it to be an Australian Offshore Associate of any of the Borrowers or an Australian Tax Associate of any other invitee. 
 (f)
Each Lender represents and warrants to the Borrowers that if its participation under this Agreement resulted from the invitations referred to in Section 4.04(a)(i): 

(i) an invitation to become a ‘Lender’ under this Agreement was made to it; 

(ii) it was, at the time it received the invitation to participate in this Syndicated Facility Agreement, and will be at the
time of making any Australian Revolving Borrowing or any other financial accommodation under this Syndicated Facility Agreement, carrying on a business of providing finance, or investing or dealing in securities, in the course of operating in
financial markets; and 

  
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 (iii) it is not, and at the time it makes a Revolving Borrowing or any other
financial accommodation under this Syndicated Facility Agreement it will not be, so far as it has actual knowledge, an Australian Tax Associate of any other Lender or an Australian Offshore Associate of any of the Borrowers (provided such Australian
Tax Associates and Australian Offshore Associates are notified by the relevant Borrower to the Lenders beforehand). 
 (g) The Administrative
Agent and each Lender will provide to the Borrowers when reasonably requested by any Borrower any factual information in its possession or which it is reasonably able to provide to assist the Borrower to demonstrate (based upon tax advice received
by that Borrower) that section 128F of the Australian Tax Act has been satisfied where to do so will not in the Administrative Agent’s or Lender’s reasonable opinion breach any law, regulation or duty relating to confidentiality. 

(h) If, for any reason, the requirements of section 128F of the Australian Tax Act have not been satisfied in relation to interest payable
under this Syndicated Facility Agreement(except to an Australian Offshore Associate of a Borrower), then on request by the Administrative Agent or a Borrower, each of the Administrative Agent, the Lenders and the Borrowers shall co-operate and take steps reasonably requested with a view to satisfying those requirements: 

(i) where a Lender breached Sections 4.04(a), 4.04(b)4.04(b), 4.04(c) or 4.04(f)4.04(f), at the
cost of that Lender; or 
 (ii) in all other cases, at the cost of the Borrowers. 

Section 5. Conditions Precedent to Credit Events on the applicable Closing Date. 

5.01. U.S. and Canada. The Administrative Agent, Swingline Lenders, the Issuing Bank and the Lenders shall not be required to
fund any U.S. Revolving Loans, Canadian Revolving Loans, Canadian Swingline Loans or U.S Swingline Loans, or arrange for the issuance of any Canadian Letters of Credit or U.S. Letters of Credit, until the following conditions are satisfied or
waived: 
 (a) Initial Closing Date; Credit Documents. On or prior to the Initial Closing Date, each U.S. Credit Party, each Canadian
Credit Party and Mattel Overseas Operations Ltd., a Bermuda company (“MOO”), the Administrative Agent, the Collateral Agent, the Australian Security Trustee, each of the Issuing Banks on the date hereof and each of the Lenders on
the date hereof shall have signed a counterpart of this Agreement (whether the same or different counterparts) and shall have delivered (by electronic transmission or otherwise) the same to the Administrative Agent or, in the case of the Issuing
Banks and the Lenders, shall have given to the Administrative Agent telephonic (confirmed in writing), written, facsimile or other electronic notice (actually received) at such office that the same has been signed and mailed to it. 

(b) Officer’s Certificate. On the Initial Closing Date, the Administrative Agent shall have received a certificate, dated the
Initial Closing Date and signed on behalf of the Company (and not in any individual capacity) by a Responsible Officer of the Company, certifying on behalf of the Company that (i) no Default or Event of Default exists, (ii) the
representations and 

  
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warranties set forth in Section 7 are 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 Initial Closing Date (except for those representations and warranties that relate to an earlier date, in which event, such representations and warranties shall have been true in all material respects (without duplication
of any materiality standard set forth in any such representation or warranty) as of such earlier date), (iii) on and as of the Initial Closing Date, no action, suit, investigation, litigation or proceeding is pending or threatened in any court
or before any arbitrator or governmental instrumentality that (x) could reasonably be expected to have a material adverse effect on the business, assets, properties, liabilities, operations or condition of the Company and its Subsidiaries,
taken as a whole, or could reasonably be expected to impair the ability of the Credit Parties to perform satisfactorily under this Agreement or any other Credit Document or (y) could reasonably be expected to materially and adversely affect
this Agreement or any other Credit Document or the transactions contemplated hereby or thereby, (iv) on or prior to the Initial Closing Date, the U.S Credit Parties, Canadian Credit Parties and MOO have received all governmental and third party
consents and approvals as may be required in connection with this Agreement and the other Credit Documents and the transactions contemplated hereby and thereby with respect to such Credit Parties, and (v) borrowing, guaranteeing and/or
securing, as appropriate, the relevant Commitments would not cause any borrowing, guaranteeing or securing limit binding on the applicable Credit Parties to be exceeded. 

(c) Opinions of Counsel. On the Initial Closing Date, the Administrative Agent shall have received from (i) Latham &
Watkins LLP, special U.S. counsel to the Credit Parties (as to certain matters of New York, Delaware and California Law), (ii) Reinhart Boerner Van Deuren s.c., special Wisconsin counsel to the Credit Parties, (iii) Conyers,
Dill & Pearman Limited, special Bermuda counsel to the Credit Parties, and (iv) McCarthy Tétrault LLP, special Canadian counsel to the Credit Parties, in each case, an opinion addressed to the Administrative Agent, the
Collateral Agent, and each of the Lenders party hereto on the Initial Closing Date and dated the Initial Closing Date in form and substance reasonably satisfactory to the Administrative Agent. 

(d) Corporate Documents; Proceedings, etc. 

(i) On the Initial Closing Date, the Administrative Agent shall have received one or more certificates from the U.S. Credit
Parties and Canadian Credit Parties, dated the Initial Closing Date, and in each case signed by a Responsible Officer of one or more such Credit Parties, and to the extent applicable attested to by a secretary or assistant secretary of one or more
such Credit Parties, in each case, on behalf of the applicable Credit Party or Credit Parties (and not in any individual capacity), in customary form, (i) attaching copies of the certificate or articles of incorporation and by-laws (or equivalent organizational documents), as applicable, of the applicable Credit Parties, (ii) attaching a true and complete copy of the resolutions of the applicable Credit Parties duly adopted by the
relevant corporate body of such Credit Parties authorizing the execution, delivery and performance of the Credit Documents to which each such Credit Party is a party and certifying that such resolutions have not been modified, rescinded or amended
and are in full force and effect, (iii) attaching, if applicable, a true and complete copy of any power of attorney granted to a Responsible Officer of the applicable Credit Parties authorizing such Responsible Officer to act on behalf of each
concerned Credit Party under the Credit Documents, and (iv) attaching specimen signatures of the persons authorized to execute the Credit Documents to which each of the applicable Credit Parties is a party. 

  
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 (e) Solvency Certificate. On the Initial Closing Date, the Administrative Agent shall be
reasonably satisfied with Borrowers’ capital structure and indebtedness, including receipt by the Administrative Agent of a solvency certificate from the chief financial officer, treasurer or controller of the Company substantially in the form
of Exhibit F. 
 (f) Borrowing Base Certificate. The Company shall have delivered to the Administrative Agent a Borrowing Base
Certificate dated as of October 31, 2017, substantially in the form of Exhibit D. 
 (g) Material Adverse Effect. Since
December 31, 2016, there shall not have occurred a material adverse change in the business, assets, properties, liabilities, operations or condition of the Company and its Subsidiaries, taken as a whole. 

(h) Fees, etc. On the Initial Closing Date, the Company shall have paid to the Agents and the Lenders all fees, if any, required to be
paid to such Person on the Initial Closing Date and all reasonable and documented out-of-pocket expenses required to be reimbursed by the Company to the Administrative
Agent and the Joint Lead Arrangers in connection with the Transactions, in the case of such expenses to the extent invoiced at least two Business Days prior to the Initial Closing Date. 

(i) Security Agreements. On the Initial Closing Date, (a) each U.S. Credit Party shall have duly authorized, executed and delivered
each U.S. Security Agreement, (b) each Canadian Credit Party shall have duly authorized, executed and delivered the Canadian Security Agreement, (c) MOO shall have duly authorized, executed and delivered the Security Documents to which it
is a party, in the case of each of the immediately preceding clauses (a) through (c), covering all of such Credit Party’s present and future Collateral required by the Collateral and Guarantee Requirement, (d) the Company and Mattel
International Holdings B.V. shall have duly authorized, executed and delivered the Dutch Share Pledge, and (e) the Company shall have duly authorized, executed and delivered the Spanish Share Pledge, and the applicable U.S. Credit Parties,
Canadian Credit Parties and MOO shall have delivered: 
 (A) in respect of (A) each U.S. Credit Party, proper financing
statements (Form UCC-1 or the equivalent) authorized for filing under the UCC; and (B) each Canadian Credit Party, proper financing statements certified as filed under the PPSA; 

(B) an executed Perfection Certificate; and 

(C) (1) other than in respect of the Dutch Share Pledge, certificates, if any (which certificates shall be accompanied by
irrevocable undated stock powers or stock transfer forms, duly endorsed in blank), representing all Equity Interests that are certificated securities and required to be pledged by the Collateral and Guarantee Requirement, (2) in respect of the
Dutch Share Pledge, a copy, certified by a Responsible Officer of the Initial Dutch Borrower of the shareholders’ register (aandeelhoudersregister) and (3) any promissory notes or 

  
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other instruments (duly endorsed, where appropriate) evidencing any Indebtedness for borrowed money (other than intercompany Indebtedness) in a principal amount in excess of $2,500,000
(individually) owing to any Canadian Credit Party or U.S. Credit Party to the extent required to be delivered in accordance with the Collateral and Guarantee Requirement. 

(j) Financial Statements. On or prior to the Initial Closing Date, the Administrative Agent shall have received (i) the Historical
Financial Statements, (ii) the Borrowers’ and their respective Restricted Subsidiaries’ most recent annual projected statement of operations, balance sheet and statement of cash flows, for the period through December 31, 2020 and
(iii) quarterly balance sheet projections for the period ending December 31, 2019 (the information delivered under clauses (ii) and (iii), the “Projections”). The Administrative Agent hereby confirms that it has
received all such Historical Financial Statements and Projections. 
 (k) Patriot Act. The Administrative Agent and the Lenders shall
have received all documentation and other information about the Company and the other Credit Parties that shall have been reasonably requested by the Administrative Agent or the Lenders and that the Administrative Agent reasonably determines is
required by applicable regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including without limitation the Patriot Act and AML Legislation. The Administrative Agent and the Lenders
hereby confirm that they have received all such information. 
 (l) Insurance. The Administrative Agent shall have received
certificates of insurance, or, where applicable, insurance broker’s letters, for the insurance policies carried by the Credit Parties. 

(m) Repayment of Debt to be Repaid. Reasonably satisfactory arrangements shall have been made for the repayment in full of the Debt to
be Repaid. 
 (n) Field Examinations, Environmental Reports and Appraisals; Diligence. The Administrative Agent shall have received,
in form and substance reasonably satisfactory to it, all Appraisals in respect of Inventory, all Field Examinations, all Appraisals in respect of Intellectual Property that is Collateral and all Appraisals and environmental reports in respect of all
Mortgaged Property, each dated no earlier than three months prior to the Initial Closing Date, and shall otherwise be satisfied with its business and collateral due diligence in all respects. The Administrative Agent hereby confirms that it has
received all of such Appraisals, environmental reports and Field Examinations and is satisfied therewith. 
 (o) Mortgaged Properties.
With respect to each Mortgaged Property located in the United States of America owned as of the Initial Closing Date and listed on Schedule 5.15, the Administrative Agent shall have received (i) a completed
“life-of-loan” Federal Emergency Management Agency standard flood hazard determination (to the extent a Mortgaged Property is located in a Special Flood Hazard
Area, together with a notice about Special Flood Hazard Area status and flood disaster assistance duly executed by the Company and the applicable Credit Party relating thereto) and (ii) a copy of, or a certificate as to coverage under, and a
declaration page relating to, the insurance policies required by Section 8.03 hereof and with respect to Eligible Fee-Owned Real Estate the applicable provisions of the Collateral and
Guarantee 

  
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Requirement, each of which shall (A) be endorsed or otherwise amended to include a “standard” or “New York” lender’s loss payable or mortgagee endorsement (as
applicable), (B) name the Collateral Agent, on behalf of the Secured Creditors, as additional insured and loss payee/mortgagee, (C) identify the address of each property located in a Special Flood Hazard Area, the applicable flood zone
designation and the flood insurance coverage and deductible relating thereto and (D) be otherwise in form and substance reasonably satisfactory to the Administrative Agent. Except for delivery of any items noted in Schedule 8.16, the
Administrative Agent hereby confirms that it has received all of such items. 
 (p) Minimum Total Excess Availability; Liquidity
Forecast. (i) The Total Excess Availability as of the Initial Closing Date shall be no less than $500,000,000 and (ii) the Administrative Agent shall have received a forecast of Borrowers’ liquidity for the period following the
Initial Closing Date, in form and substance reasonably satisfactory to the Administrative Agent. 
 (q) Other Financing Facility. The
Administrative Agent shall have received all Senior Unsecured 2017 Note Documents, together with confirmation that all conditions to the closing thereof have been satisfied and funding thereunder shall occur contemporaneous with the closing of the
transactions contemplated by this Agreement, all in form and substance satisfactory to the Administrative Agent. 
 5.02.
France. The Administrative Agent, Swingline Lenders, the Issuing Bank and the Lenders shall not be required to fund any French Revolving Loans, French Swingline Loans, or arrange for the issuance of any French Letters of Credit, until
the following conditions are satisfied or waived: 
 (a) Officer’s Certificate. On the French Closing Date, the Administrative
Agent shall have received a certificate, dated the French Closing Date and signed on behalf of the Company (and not in any individual capacity) by a Responsible Officer of the Company, certifying on behalf of the Company that (i) no Default or
Event of Default exists, (ii) the representations and warranties set forth in Section 7 are 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 French Closing Date (except for those representations and warranties that relate to an earlier date, in which event, such representations and warranties shall have been true in all material respects
(without duplication of any materiality standard set forth in any such representation or warranty) as of such earlier date), (iii) on and as of the French Closing Date, no action, suit, investigation, litigation or proceeding is pending or
threatened in any court or before any arbitrator or governmental instrumentality that (x) could reasonably be expected to have a material adverse effect on the business, assets, properties, liabilities, operations or condition of the Company
and its Subsidiaries, taken as a whole, or could reasonably be expected to impair the ability of the Credit Parties to perform satisfactorily under this Agreement or any other Credit Document or (y) could reasonably be expected to materially
and adversely affect this Agreement or any other Credit Document or the transactions contemplated hereby or thereby, and (iv) on or prior to the French Closing Date, the French Credit Parties have received all governmental and third party
consents and approvals as may be required in connection with this Agreement and the other Credit Documents and the transactions contemplated hereby and thereby with respect to the French Credit Parties. 

  
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 (b) Opinions of Counsel. On the French Closing Date, the Administrative Agent shall have
received from Kramer Levin Naftalis & Frankel LLP , special French counsel to the Credit Parties and Norton Rose Fulbright LLP, special French counsel to the Administrative Agent, in each case, an opinion addressed to the Administrative
Agent, the Collateral Agent, and each of the French Lenders party hereto on the French Closing Date and dated the French Closing Date in form and substance reasonably satisfactory to the Administrative Agent. 

(c) Corporate Documents; Proceedings, etc. 

(i) On the French Closing Date, the Administrative Agent shall have received one or more certificates from the French Credit
Parties, dated the French Closing Date, and in each case signed by a Responsible Officer of one or more such Credit Parties, in each case, on behalf of the applicable Credit Party or Credit Parties (and not in any individual capacity), in customary
form, (A) attaching copies of the certificate or articles of incorporation and by-laws (or equivalent organizational documents being, for the French Credit Parties, the up-to-date statuts and a certified copy of a K-bis extract of less than fifteen (15) days from the French Closing Date), as applicable, of the applicable
Credit Parties, (B) attaching a true and complete copy of the resolutions of the applicable Credit Parties duly adopted by the relevant corporate body of such Credit Parties authorizing the execution, delivery and performance of the Credit
Documents to which each such Credit Party is a party and certifying that such resolutions have not been modified, rescinded or amended and are in full force and effect, (C) attaching, if applicable, a true and complete copy of any power of
attorney granted to a Responsible Officer of the applicable Credit Parties authorizing such Responsible Officer to act on behalf of each concerned Credit Party under the Credit Documents, (D) attaching specimen signatures of the persons
authorized to execute the Credit Documents to which each of the applicable Credit Parties is a party, and (E) confirming that borrowing, guaranteeing and/or securing, as appropriate, the relevant Commitments would not cause any borrowing,
guaranteeing or securing limit binding on the applicable Credit Parties to be exceeded. 
 (ii) On the French Closing Date,
the Administrative Agent shall have received a certified copy of an insolvency certificate (certificat de non-faillite) and lien searches (état des privileges et nantissements) in respect
of the French Credit Parties of less than fifteen (15) days from the French Closing Date. 
 (d) Material Adverse Effect. Since
December 31, 2016, there shall not have occurred a material adverse change in the business, assets, properties, liabilities, operations or condition of the Company and its Subsidiaries, taken as a whole. 

(e) Fees, etc. On the French Closing Date, the Company shall have paid to the Agents and the Lenders all fees, if any, required to be
paid to such Person on the French Closing Date and all reasonable and documented out-of-pocket expenses required to be reimbursed by the Company to the Administrative
Agent and the Joint Lead Arrangers in connection with the Transactions, in the case of such expenses to the extent invoiced at least two Business Days prior to the French Closing Date. 

  
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 (f) Security Agreements. On the French Closing Date, each French Credit Party shall have
duly authorized, executed and delivered the French Security Agreements to which it is a party (other than the French Moveable Assets Pledge Agreement), covering all of such Credit Party’s present and future Collateral required by the Collateral
and Guarantee Requirement. 
 (g) TEG Letter. On the French Closing Date, the Administrative Agent shall have received from each
French Borrower as at that date, the TEG Letter duly countersigned. 
 (h) Collection Account Addendum. The French Credit Parties
shall have executed and delivered to Administrative Agent the applicable Collection Account Addendum which shall be in form and substance acceptable to Administrative Agent, in its Permitted Discretion. 

(i) Foreign Joinder Agreement. The Company, French Revolving Lenders, French Swingline Lenders and French Credit Parties shall have
executed and delivered to Administrative Agent the Foreign Joinder Agreement. 
 (j) Outside Date. The French Closing Date must occur
on or prior to March 31, 2018. 
 Until all of the conditions set forth in this Section 5.02 have been
satisfied and Administrative Agent has confirmed their satisfaction in a written notification to the Lenders, the French Borrowers shall not be Borrowers hereunder, the French Revolving Lenders shall not be Revolving A Lenders hereunder, the French
Swingline Lenders shall not be Swingline Lenders hereunder, and no French Revolving Commitments, French Revolving Loans, French Swingline Loans or French Letters of Credit shall be available hereunder. 

5.03. European (GNU). The Administrative Agent, Swingline Lenders, the Issuing Bank and the Lenders shall not be required to
fund any European (GNU) Revolving Loans, European (GNU) Swingline Loans, or arrange for the issuance of any European (GNU) Letters of Credit, until the following conditions are satisfied or waived: 

(a) Officer’s Certificate. On the European (GNU) Closing Date, the Administrative Agent shall have received a certificate, dated
the European (GNU) Closing Date and signed on behalf of the Company (and not in any individual capacity) by a Responsible Officer of the Company, certifying on behalf of the Company that (i) no Default or Event of Default exists, (ii) the
representations and warranties set forth in Section 7 are 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
European (GNU) Closing Date (except for those representations and warranties that relate to an earlier date, in which event, such representations and warranties shall have been true in all material respects (without duplication of any materiality
standard set forth in any such representation or warranty) as of such earlier date), (iii) on and as of the European (GNU) Closing Date, no action, suit, investigation, litigation or proceeding is pending or threatened in any court or before
any arbitrator or governmental instrumentality that (x) could reasonably be expected to have a material adverse effect on the business, assets, properties, liabilities, operations or condition of the Company and its Subsidiaries, taken as a
whole, or could reasonably be expected to impair the ability of the Credit Parties to perform satisfactorily under this Agreement or any other Credit Document or (y) could reasonably be expected to

  
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materially and adversely affect this Agreement or any other Credit Document or the transactions contemplated hereby or thereby, and (iv) on or prior to the European (GNU) Closing Date, the
European (GNU) Credit Parties have received all governmental and third party consents and approvals as may be required in connection with this Agreement and the other Credit Documents and the transactions contemplated hereby and thereby with respect
to the European (GNU) Credit Parties. 
 (b) Opinions of Counsel. On the European (GNU) Closing Date, the Administrative Agent shall
have received from (i) NautaDutilh N.V., special Dutch counsel to the Credit Parties and Norton Rose Fulbright LLP, special Dutch counsel to the Administrative Agent, (ii) Norton Rose Fulbright LLP, special U.K. counsel to the
Administrative Agent, (iii) Schiedermair Rechtsanwälte Partnerschaftsgesellschaft von Rechtsanwälten und Steuerberatern mbB, special German counsel to the Credit Parties and Norton Rose Fulbright LLP, special German counsel to the
Administrative Agent, and (iv) Norton Rose Fulbright LLP, special French counsel to the Administrative Agent, in each case, an opinion addressed to the Administrative Agent, the Collateral Agent, and each of the Lenders party hereto on the
European (GNU) Closing Date and dated the European (GNU) Closing Date in form and substance reasonably satisfactory to the Administrative Agent. 

(c) Corporate Documents; Proceedings, etc. On the European (GNU) Closing Date, the Administrative Agent shall have received one or more
certificates from the European (GNU) Credit Parties, dated the European (GNU) Closing Date, and in each case signed by a Responsible Officer of one or more such Credit Parties, and to the extent applicable attested to by a secretary or assistant
secretary of one or more such Credit Parties, in each case, on behalf of the applicable Credit Party or Credit Parties (and not in any individual capacity), in customary form, (i) attaching copies of the certificate or articles of incorporation
and by-laws (or equivalent organizational documents being, for the German Credit Parties, a current Gesellschaftsvertrag (articles of incorporation) and a certified copy of a
Handelsregisterauszug (commercial registry excerpt) of less than fifteen (15) days from the European (GNU) Closing Date), as applicable, of the applicable Credit Parties, (ii) attaching a true and complete copy of the resolutions of
the applicable Credit Parties duly adopted by the relevant corporate body of such Credit Parties authorizing the execution, delivery and performance of the Credit Documents to which each such Credit Party is a party and certifying that such
resolutions have not been modified, rescinded or amended and are in full force and effect, (iii) attaching, if applicable, a true and complete copy of any power of attorney granted to a Responsible Officer of the applicable Credit Parties
authorizing such Responsible Officer to act on behalf of each concerned Credit Party under the Credit Documents, (iv) attaching specimen signatures of the persons authorized to execute the Credit Documents to which each of the applicable Credit
Parties is a party, and (v) confirming that borrowing, guaranteeing and/or securing, as appropriate, the relevant Commitments would not cause any borrowing, guaranteeing or securing limit binding on the applicable Credit Parties to be exceeded.

 (d) Material Adverse Effect. Since December 31, 2016, there shall not have occurred a material adverse change in the business,
assets, properties, liabilities, operations or condition of the Company and its Subsidiaries, taken as a whole. 

  
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 (e) Fees, etc. On the European (GNU) Closing Date, the Company shall have paid to the
Agents and the Lenders all fees, if any, required to be paid to such Person on the European (GNU) Closing Date and all reasonable and documented out-of-pocket expenses
required to be reimbursed by the Company to the Administrative Agent and the Joint Lead Arrangers in connection with the Transactions, in the case of such expenses to the extent invoiced at least two Business Days prior to the European (GNU) Closing
Date. 
 (f) Security Agreements. On the European (GNU) Closing Date, (i) each European (GNU) Credit Party shall have duly
authorized, executed and delivered the European (GNU) Security Agreements to which it is a party (other than the Dutch Share Pledge), covering all of such Credit Party’s present and future Collateral required by the Collateral and Guarantee
Requirement and (ii) the Initial Dutch Borrower and Geodis Logistics Rhône Alpes shall have duly authorized, executed and delivered the French Moveable Assets Pledge Agreement. 

(g) Collection Account Addendum. The European (GNU) Credit Parties shall have executed and delivered to Administrative Agent the
applicable Collection Account Addendum which shall be in form and substance acceptable to Administrative Agent, in its Permitted Discretion. 

(h) Foreign Joinder Agreement. The Company, European (GNU) Revolving Lenders, European (GNU) Swingline Lenders, and European (GNU)
Credit Parties shall have executed and delivered to Administrative Agent the Foreign Joinder Agreement. 
 (i) Outside Date. The
European (GNU) Closing Date must occur on or prior to March 31, 2018. 
 Until all of the conditions set forth in this
Section 5.03 have been satisfied and Administrative Agent has confirmed their satisfaction in a written notification to the Lenders, the European (GNU) Borrowers shall not be Borrowers hereunder, the European (GNU)
Revolving Lenders shall not be Revolving A Lenders hereunder, the European (GNU) Swingline Lenders shall not be Swingline Lenders hereunder, and no European (GNU) Revolving Commitments, European (GNU) Revolving Loans, European (GNU) Swingline Loans
or European (GNU) Letters of Credit shall be available hereunder. 
 5.04. Spain. The Administrative Agent, Swingline Lenders,
the Issuing Bank and the Lenders shall not be required to fund any Spanish Revolving Loans, Spanish Swingline Loans, or arrange for the issuance of any Spanish Letters of Credit, until the following conditions are satisfied or waived: 

(a) Officer’s Certificate. On the Spanish Closing Date, the Administrative Agent shall have received a certificate, dated the
Spanish Closing Date and signed on behalf of the Company (and not in any individual capacity) by a Responsible Officer of the Company, certifying on behalf of the Company that (i) no Default or Event of Default exists, (ii) the
representations and warranties set forth in Section 7 are 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 Spanish
Closing Date (except for those representations and warranties that relate to an earlier date, in which event, such representations and warranties shall have been true in all 

  
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material respects (without duplication of any materiality standard set forth in any such representation or warranty) as of such earlier date), (iii) on and as of the Spanish Closing Date, no
action, suit, investigation, litigation or proceeding is pending or threatened in any court or before any arbitrator or governmental instrumentality that (x) could reasonably be expected to have a material adverse effect on the business,
assets, properties, liabilities, operations or condition of the Company and its Subsidiaries, taken as a whole, or could reasonably be expected to impair the ability of the Credit Parties to perform satisfactorily under this Agreement or any other
Credit Document or (y) could reasonably be expected to materially and adversely affect this Agreement or any other Credit Document or the transactions contemplated hereby or thereby, (iv) on or prior to the Spanish Closing Date, the
Spanish Credit Parties have received all governmental and third party consents and approvals as may be required in connection with this Agreement and the other Credit Documents and the transactions contemplated hereby and thereby with respect to the
Spanish Credit Parties, and (v) borrowing, guaranteeing and/or securing, as appropriate, the relevant Commitments would not cause any borrowing, guaranteeing or securing limit binding on the applicable Credit Parties to be exceeded. 

(b) Opinions of Counsel. On the Spanish Closing Date, the Administrative Agent shall have received from Ramon y Cajal Abogados, special
Spanish counsel to the Administrative Agent, an opinion addressed to the Administrative Agent, the Collateral Agent, and each of the Lenders party hereto on the Spanish Closing Date and dated the Spanish Closing Date in form and substance reasonably
satisfactory to the Administrative Agent. 
 (c) Corporate Documents; Proceedings, etc. On the Spanish Closing Date, the
Administrative Agent shall have received one or more certificates from the Spanish Credit Parties, dated the Spanish Closing Date, and in each case signed by a Responsible Officer of one or more such Credit Parties, and to the extent applicable
attested to by a secretary or assistant secretary of one or more such Credit Parties, in each case, on behalf of the applicable Credit Party or Credit Parties (and not in any individual capacity), in customary form, (i) attaching copies of the
certificate or articles of incorporation and by-laws (or equivalent organizational documents) of less than fifteen (15) days from the Spanish Closing Date), as applicable, of the applicable Credit
Parties, (ii) attaching a true and complete copy of the resolutions of the applicable Credit Parties duly adopted by the relevant corporate body of such Credit Parties authorizing the execution, delivery and performance of the Credit Documents
to which each such Credit Party is a party and certifying that such resolutions have not been modified, rescinded or amended and are in full force and effect, (iii) attaching, if applicable, a true and complete copy of any power of attorney
granted to a Responsible Officer of the applicable Credit Parties authorizing such Responsible Officer to act on behalf of each concerned Credit Party under the Credit Documents, and (iv) attaching specimen signatures of the persons authorized
to execute the Credit Documents to which each of the applicable Credit Parties is a party. 
 (d) Material Adverse Effect. Since
December 31, 2016, there shall not have occurred a material adverse change in the business, assets, properties, liabilities, operations or condition of the Company and its Subsidiaries, taken as a whole. 

(e) Fees, etc. On the Spanish Closing Date, the Company shall have paid to the Agents and the Lenders all fees, if any, required to be
paid to such Person on the Spanish Closing Date and all reasonable and documented out-of-pocket expenses required to be reimbursed by the Company to the Administrative
Agent and the Joint Lead Arrangers in connection with the Transactions, in the case of such expenses to the extent invoiced at least two Business Days prior to the Spanish Closing Date. 

  
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 (f) Security Agreements. On the Spanish Closing Date, each Spanish Credit Party shall have
duly authorized, executed and delivered the Spanish Security Agreements to which it is a party (other than the Spanish Share Pledge), covering all of such Credit Party’s present and future Collateral required by the Collateral and Guarantee
Requirement. 
 (g) Collection Account Addendum. The Spanish Credit Parties shall have executed and delivered to Administrative Agent
the applicable Collection Account Addendum which shall be in form and substance acceptable to Administrative Agent, in its Permitted Discretion. 

(h) Foreign Joinder Agreement. The Company, Spanish Revolving Lenders, Spanish Swingline Lenders and Spanish Credit Parties shall have
executed and delivered to Administrative Agent the Foreign Joinder Agreement. 
 (i) Outside Date. The Spanish Closing Date must occur
on or prior to March 31, 2018. 
 Until all of the conditions set forth in this Section 5.04 have been satisfied and
Administrative Agent has confirmed their satisfaction in a written notification to the Lenders, the Spanish Borrowers shall not be Borrowers hereunder, the Spanish Revolving Lenders shall not be Revolving A Lenders hereunder, the Spanish Swingline
Lenders shall not be Swingline Lenders hereunder, and no Spanish Revolving Commitments, Spanish Revolving Loans, Spanish Swingline Loans or Spanish Letters of Credit shall be available hereunder. 

5.05. Australia. The Administrative Agent, Swingline Lenders, the Issuing Bank and the Lenders shall not be required to fund any
Australian Revolving Loans, Australian Swingline Loans, or arrange for the issuance of any Australian Letters of Credit, until the following conditions are satisfied or waived: 

(a) Officer’s Certificate. On the Australian Closing Date, the Administrative Agent shall have received a certificate, dated the
Australian Closing Date and signed on behalf of the Company (and not in any individual capacity) by a Responsible Officer of the Company, certifying on behalf of the Company that (i) no Default or Event of Default exists, (ii) the
representations and warranties set forth in Section 7 are 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
Australian Closing Date (except for those representations and warranties that relate to an earlier date, in which event, such representations and warranties shall have been true in all material respects (without duplication of any materiality
standard set forth in any such representation or warranty) as of such earlier date), (iii) on and as of the Australian Closing Date, no action, suit, investigation, litigation or proceeding is pending or threatened in any court or before any
arbitrator or governmental instrumentality that (x) could reasonably be expected to have a material adverse effect on the business, assets, properties, liabilities, operations or condition of the Company and its Subsidiaries, taken as a whole,
or could reasonably be expected to impair the ability of the Credit Parties to perform satisfactorily under this Agreement 

  
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or any other Credit Document or (y) could reasonably be expected to materially and adversely affect this Agreement or any other Credit Document or the transactions contemplated hereby or
thereby, (iv) on or prior to the Australian Closing Date, the Australian Credit Parties have received all governmental and third party consents and approvals as may be required in connection with this Agreement and the other Credit Documents
and the transactions contemplated hereby and thereby with respect to the Australian Credit Parties, and (v) borrowing, guaranteeing and/or securing, as appropriate, the relevant Commitments would not cause any borrowing, guaranteeing or
securing limit binding on the applicable Credit Parties to be exceeded. 
 (b) Opinions of Counsel. On the Australian Closing Date,
the Administrative Agent shall have received from Norton Rose Fulbright Australia, special Australian counsel to the Administrative Agent, an opinion addressed to the Administrative Agent, the Collateral Agent, the Australian Security Trustee and
each of the Lenders party hereto on the Australian Closing Date and dated the Australian Closing Date in form and substance reasonably satisfactory to the Administrative Agent. 

(c) Corporate Documents; Proceedings, etc. 

(i) On the Australian Closing Date, the Administrative Agent shall have received a verification certificate in customary form
from each Australian Credit Party, dated the Australian Closing Date, signed by two directors or a director and company secretary in the customary form attaching (A) its constitution, (B) extract of resolutions of its Board of Directors
approving its entry into the Credit Documents to which it is a party, (C) if applicable, a copy of the power of attorney under which the Australian Credit Party is signing the Credit Documents to which it is a party and (D) specimen
signatures of the persons authorized to execute the Credit Documents to which each Australian Credit Party is a party, and each of the foregoing shall be in form and substance reasonably satisfactory to the Administrative Agent. 

(ii) On the Australian Closing Date, Administrative Agent shall have received satisfactory searches of the ASIC’s company
register and the Australian PPSA register with respect to each Australian Credit Party and any other Credit Party that is party to an Australian Security Document. 

(d) Material Adverse Effect. Since December 31, 2016, there shall not have occurred a material adverse change in the business,
assets, properties, liabilities, operations or condition of the Company and its Subsidiaries, taken as a whole. 
 (e) Fees, etc. On
the Australian Closing Date, the Company shall have paid to the Agents and the Lenders all fees, if any, required to be paid to such Person on the Australian Closing Date and all reasonable and documented out-of-pocket expenses required to be reimbursed by the Company to the Administrative Agent and the Joint Lead Arrangers in connection with the Transactions, in the case of such expenses to the extent
invoiced at least two Business Days prior to the Australian Closing Date. 

  
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 (f) Australian Security Trust Deed and Security Agreements. On the Australian Closing
Date, each Australian Credit Party shall have duly authorized, executed and delivered the Australian Security Trust Deed and the Australian Security Agreement, covering all of such Credit Party’s present and future Collateral required by the
Collateral and Guarantee Requirement. 
 (g) Collection Account Addendum. The Australian Credit Parties shall have executed and
delivered to Administrative Agent the applicable Collection Account Addendum which shall be in form and substance acceptable to Administrative Agent, in its Permitted Discretion. 

(h) Foreign Joinder Agreement. The Company, Australian Revolving Lenders, Australian Swingline Lenders and Australian Credit Parties
shall have executed and delivered to Administrative Agent the Foreign Joinder Agreement. 
 (i) Outside Date. The Australian Closing
Date must occur on or prior to March 31, 2018. 
 Until all of the conditions set forth in this Section 5.05
have been satisfied and Administrative Agent has confirmed their satisfaction in a written notification to the Lenders, the Australian Borrowers shall not be Borrowers hereunder, the Australian Revolving Lenders shall not be Revolving A Lenders
hereunder, the Australian Swingline Lenders shall not be Swingline Lenders hereunder, and no Australian Revolving Commitments, Australian Revolving Loans, Australian Swingline Loans or Australian Letters of Credit shall be available hereunder. 

Section 6. Conditions Precedent to All Credit Events. The obligation of each Lender and each Issuing Bank to make any Credit
Extension shall be subject to the satisfaction (or waiver) of each of the conditions precedent set forth below: 
 6.01. Notice of
Borrowing. (a) The Administrative Agent shall have received a Notice of Borrowing 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 (other than pursuant to Section 2.02(f)); or (b) the Administrative Agent and the applicable Issuing Bank shall have received an LC Request if the issuance, amendment, extension or renewal
of a Letter of Credit is being requested; or (c) the Swingline Lender and the Administrative Agent shall have received a notice requesting such Swingline Loan as required by Section 2.12(b), if the Borrowing of a
Swingline Loan is being requested. 
 6.02. Availability. After giving effect to such Credit Extension, no Overadvance shall exist.

 6.03. No Default. No Default or Event of Default shall exist at the time of, or result from, such funding or issuance. 

6.04. Representations and Warranties. Each of the representations and warranties made by any Credit Party set forth in
Section 7 hereof or in any other Credit 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 

  
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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). 

The acceptance of the benefits of each Credit Extension shall constitute a representation and warranty by the Company and by each Borrower
receiving the benefit of such Credit Extension to the Administrative Agent and each of the Lenders that all the conditions specified in this Section 6 and applicable to such Credit Event are satisfied as of that time (other
than such conditions which are subject to the discretion of the Administrative Agent or the Lenders). All of the Notes, certificates, legal opinions and other documents and papers referred to in Section 5 and in this
Section 6, unless otherwise specified, shall be delivered to the Administrative Agent at the Notice Office. 

Section 7. Representations and Warranties. In order to induce the Agents, the Lenders and the Issuing Banks to enter into this
Agreement and to make the Credit Extensions hereunder, each Credit Party, as applicable, makes the following representations and warranties. 

7.01. Organizational Status. The Company and each of its Restricted Subsidiaries (other than any Immaterial Subsidiary) (i) is
(except, in the case of any Restricted Subsidiary, for changes permitted by this Agreement) a duly organized or incorporated and validly existing organization or company (as the case may be) in good standing under the law of the jurisdiction of its
organization or incorporation (to the extent such concept exists and is applicable under the Requirements of Law of the relevant jurisdiction), (ii) has the corporate, partnership, limited liability company, unlimited liability company or similar
organizational power and authority to own its property and assets and to transact the business in which it is engaged, except to the extent that any failure to have such corporate, partnership, limited liability company, unlimited liability company
or similar organizational power and authority would not reasonably be expected to have a Material Adverse Effect and (iii) is (except, in the case of any Restricted Subsidiary, for changes in the ordinary course of business or as permitted or
contemplated by this Agreement), to the extent such concepts exists and is applicable under the Requirements of Law of the relevant jurisdiction, duly qualified and is authorized to do business and is in good standing in each jurisdiction where the
ownership, leasing or operation of its property or the conduct of its business requires such qualifications except for failures to be so qualified which, individually and in the aggregate, have not had, and could not reasonably be expected to have,
a Material Adverse Effect. 
 7.02. Power and Authority. Each Credit Party has the corporate, partnership, limited liability company,
unlimited liability company or similar organizational power and authority, as the case may be, to execute, deliver and perform the terms and provisions of each of the Credit Documents to which it is party and has taken all necessary corporate,
partnership, limited liability company, unlimited liability company or similar organizational action, as the case may be, to authorize the execution, delivery and performance by it of each of such Credit Documents. Each Credit Party has duly
executed and delivered each of the Credit Documents to which it is party, and, subject to the Legal Reservations, each of such Credit Documents constitutes its legal, valid and binding obligation enforceable in accordance with its terms, except to
the extent that the enforceability thereof may be subject to applicable bankruptcy, insolvency, reorganization, moratorium or other similar law generally affecting creditors’ rights and by equitable principles (regardless of whether enforcement
is sought in equity or at law). 

  
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 7.03. No Violation. Neither the execution, delivery or performance by any Credit Party of
the Credit Documents to which it is a party (including the granting of any Liens by the Credit Parties under the Security Documents), nor compliance by it with the terms and provisions thereof, (i) will contravene any provision of any
Requirement of Law, other than any Requirement of Law the violation of which could not reasonably be expected to result in a Material Adverse Effect, (ii) will conflict with or result in any breach of any of the terms, covenants, conditions or
provisions of, or constitute a default under (with due notice or lapse of time or both), or result in the creation or imposition of (or the obligation to create or impose) any material Lien (except pursuant to the Security Documents) upon any of the
material property or assets of any Credit Party or any of its respective Restricted Subsidiaries pursuant to the terms of, any indenture, mortgage, deed of trust, credit agreement or loan agreement, or any other material agreement, contract or
instrument, in each case to which any Credit Party or any of its Restricted Subsidiaries is a party or by which it or any of its property or assets is bound or to which it may be subject (any such term, covenant, condition or provision, a
“Contractual Requirement”), the violation of which could reasonably be expected to result in a Material Adverse Effect (including, for the avoidance of doubt, the Senior Unsecured Note Indentures), (iii) will violate any provision
of the certificate or articles of incorporation, certificate of formation, limited liability company agreement or by-laws (or equivalent organizational documents), as applicable, of any Credit Party or
(iv) will require any approval of stockholders of any Person, in each case that has not been obtained and is in full force and effect. 

7.04. Approvals. No order, consent, approval, license, authorization or validation of, or filing, recording or registration with
(except for (a) those that have otherwise been obtained or made on or prior to the applicable Closing Date (or with respect to any Person that becomes a Credit Party after the applicable Closing Date, on or prior to the date such Person becomes
a Credit Party) and which remain in full force and effect on the applicable Closing Date (or with respect to any Person that becomes a Credit Party after the applicable Closing Date, on or prior to the date such Person becomes a Credit Party),
(b) filings which are necessary to perfect the security interests and Liens created under the Security Documents to the extent required by the Collateral and Guarantee Requirement, (c) filings of periodic reports and other documents under
the Exchange Act and other applicable Requirements of Law), or exemption by, any governmental or public body or authority, or any subdivision thereof, is required to be obtained or made by, or on behalf of, any Credit Party to authorize, or is
required to be obtained or made by, or on behalf of, any Credit Party in connection with, the execution, delivery and performance of any Credit Document, in each case other than any orders, consents, approvals, licenses, authorizations or
validations of, or filings, recordings or registrations, the failure to have or make could not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect. 

7.05. Financial Statements; Financial Condition; Projections.(a) The Historical Financial Statements have been prepared in accordance
with GAAP, in all material respects, and fairly present, in all material respects, the financial positions and results of operations of the Company and its consolidated Subsidiaries as of the dates and for 

  
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the periods indicated. The Projections have been prepared in good faith, based on assumptions believed by the Company as of the Initial Closing Date to be reasonable in light of the circumstances
under which such Projections were prepared; it being recognized by the Agents, the Lenders and the Issuing Banks that the Projections are as to future events and are not to be viewed as facts, the Projections are subject to significant uncertainties
and contingencies, many of which are beyond the control of Company and its Restricted Subsidiaries, that no assurance can be given that any particular projections will be realized and that actual results during the period or periods covered by the
Projections may differ from the projected results and such differences may be material. Since the delivery to the Administrative Agent of the most recent annual financial statements pursuant to Section 8.01(b), there has
been no Material Adverse Effect. 
 (b) On and as of the Initial Closing Date, after giving effect to the consummation of the Transactions on
or prior to the Initial Closing Date (including the incurrence of the Loans made on the Initial Closing Date), the Company and its consolidated Subsidiaries, taken as a whole, are Solvent. 

7.06. Litigation. There are no actions, suits or proceedings pending or, to the knowledge of any Responsible Officer of any Credit
Party, threatened (i) with respect to any Credit Document or (ii) in the reasonable judgment of the Company and its executive officers (assuming adverse determination of facts which the Company in good faith believes it would not
successfully disprove, and considering damages which in their judgment is the maximum that would be awarded upon, and the likelihood of, an adverse determination of the claim, or the amount which reflects their judgment as to that required to be
paid to settle the claims), that either individually or in the aggregate, have had, or could reasonably be expected to have, a Material Adverse Effect. 

7.07. True and Complete Disclosure. None of the written information or written factual data (taken as a whole) heretofore or
contemporaneously furnished by the Company or any of its Subsidiaries or any of their respective authorized representatives in writing to the Administrative Agent or any Lender on or before the applicable Closing Date (including all such information
contained in any confidential information memorandum (and all information incorporated by reference therein) and in the Credit Documents) for purposes of, or in connection with, this Agreement, the other Credit Documents or any transaction
contemplated herein or therein contained any untrue statement of material fact or omitted to state any material fact (known to the executive officers of the Company in the case of any document or fact not furnished by it) necessary to make such
information and data (taken as a whole) not materially misleading at such time (after giving effect to all supplements so furnished prior to the date the representation and warranty in this Section 7.07 is being made) in
light of the circumstances under which such information or data was furnished; it being understood and agreed that for purposes of this Section 7.07, (a) such factual information and data shall not include information
of a general economic or industry specific nature and (b) the projections and pro forma financial information contained in such written materials are based upon good faith estimates and assumptions believed by the Company to be reasonable at
the time made, it being recognized by the Lenders that such projections as to future events are not to be viewed as facts and that actual results during the period or periods covered by any such projections may differ from the projected results.

  
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 7.08. Use of Proceeds; Margin Regulations. 

(a) All proceeds of the Revolving B Loans will be used by the Borrowers to finance the repayment of the Debt to be Repaid, to pay Transaction
Costs, for working capital needs and for other general corporate purposes, including the financing of capital expenditures, Permitted Acquisitions, and other permitted Investments, Restricted Payments and any other purpose not prohibited hereunder.

 (b) All proceeds of the Revolving A Loans will be used by the Borrowers only to finance working capital requirements. 

(c) No proceeds of the Loans shall be used by any Borrower or any other Credit Party for any purpose or in any manner prohibited by the Senior
Unsecured Note Indentures. 
 (d) No Credit Party is engaged, principally or as one of its important activities, in the business of extending
credit for the purpose of purchasing or carrying any Margin Stock. No part of any Credit Event (or the proceeds thereof) will be used to purchase or carry any Margin Stock or to extend credit for the purpose of purchasing or carrying any Margin
Stock. Neither the making of any Loan nor the use of the proceeds thereof nor the occurrence of any other Credit Event will violate the provisions of Regulation T, U or X of the Board of Governors of the Federal Reserve System. 

7.09. Tax Returns and Payments. Except where the failure to do so could not reasonably be expected to, individually or in the
aggregate, have a Material Adverse Effect: (i) the Company and each of its Restricted Subsidiaries has timely filed or caused to be timely filed with the appropriate taxing authority all Tax returns, statements, forms and reports for Taxes (the
“Returns”) required to be filed by, or with respect to the income, properties or operations of, the Company and/or any of its Restricted Subsidiaries and (ii) the Company and each of its Restricted Subsidiaries have paid all
Taxes required to be paid by them (including in its capacity as a withholding agent), other than those that are being contested in good faith by appropriate proceedings and fully provided for as a reserve on the financial statements of the Company
and its Restricted Subsidiaries in accordance with GAAP. Except as would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect, there is no action, suit, proceeding, investigation, audit or claim now pending
or, to the knowledge of any Responsible Officer of the Company or any of its Restricted Subsidiaries, threatened in writing by any authority regarding any Taxes relating to the Company or any of its Restricted Subsidiaries. 

7.10. ERISA. Except as could not reasonably be expected, whether individually or in the aggregate, to have a Material Adverse Effect:

 (a) (i) The Company and each of its ERISA Affiliates is in compliance with any applicable provisions of ERISA and the regulations and
published interpretations thereunder with respect to all Pension Plans; (ii) each Pension Plan that is intended to qualify under Section 401(a) of the Code has received a favorable determination letter from the IRS or an application for
such a letter is currently being processed by the IRS with respect thereto and, to the knowledge of any Responsible Officer of the Company, nothing has occurred which would prevent, or cause the loss of, such qualification; and (iii) the
Company and each ERISA Affiliate have made all required contributions to each Pension Plan subject to the Pension Funding Rules, and no application for a funding waiver pursuant to the Pension Funding Rules has been made with respect to any Pension
Plan; and 

  
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 (b) (i) There are no pending or, to the knowledge of any Responsible Officer of the Company,
threatened claims, actions or lawsuits, or action by any Governmental Authority with respect to any Pension Plan; and (ii) there has been no prohibited transaction or violation of the fiduciary responsibility rules with respect to any Pension
Plan; and 
 (c) (i) No ERISA Event has occurred or is reasonably expected to occur; (ii) no Pension Plan has any Unfunded Pension
Liability; and (iii) neither the Company nor any ERISA Affiliate has engaged in a transaction subject to Section 4069 or 4212(c) of ERISA; and 

(d) As of the Initial Closing Date, the Company and each of its Subsidiaries is not and will not be using “plan assets” (within the
meaning of 29 CFR § 2510.3-101, as modified by Section 3(42) of ERISA) of one or more Benefit Plans in connection with the Loans, the Letters of Credit or the Commitments. 

7.11. The Security Documents. 

(a) The provisions of the Security Documents are effective to create in favor of the Collateral Agent or the Australian Security Trustee for
the benefit of the Secured Creditors legal, valid, enforceable and, if applicable, first ranking security interests and Liens (except to the extent that the enforceability thereof may be subject to applicable bankruptcy, insolvency, reorganization,
moratorium or other similar Requirements of Law generally affecting creditors’ rights and by equitable principles (regardless of whether enforcement is sought in equity or at law)) in and on all right, title and interest of the Credit Parties
in the Collateral specified therein in which a security interest or Lien can be created under applicable Requirements of Law, and (i) in the case of the U.S. Security Agreements and the U.S. Collateral described therein, upon the timely and
proper filing of UCC financing statements listing each applicable U.S. Credit Party, as a debtor, and the Collateral Agent, as secured party, in the secretary of state’s office (or other similar governmental entity) in the Location of such
Credit Party, the Collateral Agent, for the benefit of the Secured Creditors, has a fully perfected security interest in and Lien on all right, title and interest in all of the U.S. Collateral, subject to no other Liens other than Permitted Liens,
to the extent perfection can be accomplished by filing of financing statements under applicable Requirements of Law in such Location, (ii) in the case of the Canadian Security Agreement and the Canadian Collateral described therein, proper
filings of PPSA financing statements and RDPRM registrations, to the extent applicable, and other required filings and registrations required by the Canadian Security Agreement have been made to create a fully perfected security interest in and Lien
on all right, title and interest in all of the Canadian Collateral, subject to no other Liens other than Permitted Liens, in each case, to the extent perfection can be accomplished under applicable Requirements of Law through these actions,
(iii) in the case of the Australian Security Agreement and the Australian Collateral described therein, required Australian PPSA registrations have been made, notices have been given or acknowledgements have been received (in each case, to the
extent provided in the Australian Security Agreement) to create a fully perfected security interest in and Lien on all right, title and interest in all of the Australian Collateral described in the Australian Security Agreement, subject

  
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to no other Liens other than Permitted Liens, in each case, to the extent perfection can be accomplished under applicable Requirements of Law through these actions, and (iv) upon execution
of each Deposit Account Control Agreement, the Collateral Agent and Australian Security Trustee for the benefit of the Secured Creditors will have a first priority perfected security interest and Lien in each Deposit Account subject to any such
Deposit Account Control Agreement. 
 (b) Upon delivery, if any, in accordance with the Collateral and Guarantee Requirement, each Mortgage
will create, as security for the obligations purported to be secured thereby, a valid and enforceable (except to the extent that the enforceability thereof may be subject to applicable bankruptcy, insolvency, reorganization, moratorium or other
similar Requirements of Law generally affecting creditors’ rights and by equitable principles (regardless of whether enforcement is sought in equity or at law)) and, upon recordation in the appropriate recording office, perfected security
interest in and mortgage Lien on the respective Mortgaged Property in favor of the Collateral Agent (or such other trustee as may be required or desired under local Requirement of Law) for the benefit of the Secured Creditors, superior and prior to
the rights of all third Persons (except as may exist pursuant to the Permitted Encumbrances related thereto) and subject to no other Liens (other than Permitted Liens related thereto). 

(c) Under the law of each relevant Credit Party’s jurisdiction of incorporation it is not necessary that any U.K. Security Agreement be
filed, recorded on enrolled with any court or other authority in that jurisdiction or that any stamp, registration or similar tax be paid on or in relation to the U.K. Security Agreements or the transactions contemplated by the U.K. Security
Agreements, except registration of particulars of each U.K. Security Agreement granted by a U.K. Credit Party at Companies House in England and Wales in accordance with Part 25 (Company Charges) of the Companies Act 2006 or any regulations relating
to the registration of charges made under, or applying the provisions of, the Companies Act 2006 and payment of associated fees, which registrations, filings and fees will be made and paid promptly after the date of the relevant U.K. Security
Agreements. 
 (d) Subject to Permitted Liens, each U.K. Security Agreement has or will have the ranking in priority which it is expressed to
have in the U.K. Security Agreement and it is not subject to any prior ranking or pari passu ranking Liens. 
 7.12. Title to Real
Estate. Each U.S. Credit Party has good and indefeasible title to (or valid leasehold interests in) all of its Mortgaged Property, free of Liens except Permitted Liens or any immaterial defects in title which do not constitute Liens or that
individually or in the aggregate could not reasonably be expected to have a Material Adverse Effect. 
 7.13. Subsidiaries. On and as
of the Initial Closing Date, the Company has no Subsidiaries other than those Subsidiaries listed on Schedule 7.13. Schedule 7.13 correctly sets forth, as of the Initial Closing Date, the percentage ownership (direct
and indirect) of the Company in each of its Subsidiaries and also identifies the direct owner of each of its Subsidiaries. 

  
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 7.14. Compliance with Statutes; Sanctions; Patriot Act; Anti-Corruption Laws. 

(a) Each of the Company and each of its Subsidiaries, and, to the knowledge of any Responsible Officer of the Company, each of their respective
officers, is in compliance in all material respects with applicable Sanctions, the Patriot Act and AML Legislation. Each of the Company and each of its Subsidiaries is in compliance with all applicable restrictions imposed by, all Governmental
Authorities, in respect of the conduct of its business and the ownership of its property except where the failure to be in compliance would not reasonably be expected to have a Material Adverse Effect. 

(b) Neither the Company, nor any of its Subsidiaries, nor, to the knowledge of any Responsible Officer of the Company and its Subsidiaries, any
director, officer or employee thereof, is a Person that is, or is owned or controlled by any individual or entity that is (i) currently the subject or target of any Sanctions, (ii) a Canadian Blocked Person, (iii) included on
OFAC’s List of Specially Designated nationals, HMT’s Consolidated List of Financial Sanctions Targets and the Investment Ban List or (iv) located, organized or resident in a Designated Jurisdiction. No part of the proceeds of any
Loans or Letters of Credit hereunder will be used, by any Credit Party or any of its Subsidiaries for the purpose of funding any operations in, financing any investments or activities in or making any payments in violation of Sanctions, Canadian
Sanctions Laws, Anti-Terrorism Laws, Anti-Bribery Laws (as defined in the immediately succeeding clause (c)), AML Legislation and any similar Requirements of Law of Canada or the FCPA or the Corruption of Foreign Public Officials Act (Canada).

 (c) The Company and its Subsidiaries have conducted their businesses in compliance in all material respects with applicable Anti-Terrorism
Laws, the United States Foreign Corrupt Practices Act of 1977 (“FCPA”), the Bribery Act 2010, the Corruption of Foreign Public Officials Act (Canada), and other similar anti-corruption legislation in other jurisdictions
(“Anti-Bribery Laws”) and have instituted and maintained policies and procedures reasonably designed to promote and achieve compliance with such laws. 

(d) No Borrower shall fund any repayment of the Loans or Letters of Credit with proceeds derived from a transaction prohibited by any
Anti-Bribery Law, Anti-Terrorism Law or Sanction or in a manner that would cause a party to be in breach of any Anti-Bribery Law, Anti-Terrorism Law or Sanction. 

(e) Neither the Company, nor any of its Subsidiaries shall be deemed to have made any of the representations and warranties set out in this
Section 7.14 at any time when the making of such representation or warranty would result in a failure to comply with mandatory law applicable to such party in its jurisdiction of incorporation or organization (or other
equivalent) under the applicable law thereof (including, without any limitation, section 7 of the German Foreign Trade Ordinance (Außenwirtschaftsverordnung) or the European Council Regulation (EC) 2271/96). 

7.15. Investment Company Act. None of the Company or any Restricted Subsidiaries is an “investment company” within the
meaning of the Investment Company Act of 1940, as amended, and required to be registered as such. 

  
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 7.16. Environmental Matters. The Company and each Restricted Subsidiary and their
respective operations and facilities are in compliance with all Environmental Laws and have obtained, maintained and are in compliance with the requirements of all applicable permits, licenses and other approvals required to be issued under such
Environmental Laws, except where the failure to comply with Environmental Laws or to obtain, maintain or comply with such permits, licenses or approvals would not reasonably be expected to have a Material Adverse Effect. There are no pending or, to
the knowledge of any Responsible Officer of the Company, threatened Environmental Claims which would reasonably be expected to result in liability to the Company or any Restricted Subsidiaries or with respect to any Real Property currently or to the
knowledge of any Responsible Officer of any Credit Party, formerly owned, leased or operated by the Company or any Restricted Subsidiaries, which would in each case be reasonably expected to have a Material Adverse Effect. To the knowledge of any
Responsible Officer of any Credit Party, there are no facts, activities, circumstances, conditions or occurrences that would be reasonably expected (i) to form the basis of an Environmental Claim against or result in liability to the Company or
any Restricted Subsidiaries or (ii) to cause any Real Property owned, leased or operated by the Company or any Restricted Subsidiaries to be subject to any restrictions on the ownership, lease, occupancy or transferability of such Real Property
by the Company or any Restricted Subsidiaries under any Environmental Law and that in any such case which would reasonably be expected to have a Material Adverse Effect. 

7.17. Labor Relations. Except as would not reasonably be expected to have a Material Adverse Effect, (a) as of the Initial Closing
Date, there are no strikes, lockouts, slowdowns or other labor disputes pending against the Company or any Restricted Subsidiaries or, to the knowledge of any Responsible Officer of each Credit Party, threatened against the Company or any Restricted
Subsidiaries, (b) the hours worked by and payments made to employees of the Company or any Restricted Subsidiaries have not been in violation of the Fair Labor Standards Act or any other applicable federal, state, provincial, municipal, local,
or foreign Requirement of Law dealing with such matters, and (c) to the knowledge of any Responsible Officer of each Credit Party, no wage and hour department investigation has been made of the Company or any Restricted Subsidiaries. 

7.18. Intellectual Property. Except as would not reasonably be expected to have a Material Adverse Effect, the Company and each other
Restricted Subsidiary owns or has the right to use all Intellectual Property used in, held for use in and otherwise necessary for the present conduct of their respective businesses. To the knowledge of any Responsible Officer of each Credit Party,
the operation of their respective businesses by the Company and each other Restricted Subsidiary does not infringe upon, misappropriate, violate or otherwise conflict with the Intellectual Property of any third party, except as such would not
reasonably expected to have a Material Adverse Effect. 
 7.19. Centre of Main Interests. For the purposes of the Insolvency
Regulation, each French Credit Party’s, Spanish Credit Party’s and European (GNU) Credit Party’s centre of main interest (as that term is used in Article 3(1) of the Insolvency Regulation) is situated in its jurisdiction of
incorporation and it has no “establishment” (as that term is used in Article 2(10) of the Insolvency Regulation) in any other jurisdiction, other than, in relation to Mattel Europe B.V., the establishment in Hong Kong trading under the
name EMTC. 

  
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 7.20. Borrowing Base Certificate. At the time of delivery of each Borrowing Base
Certificate, assuming that any eligibility criterion that requires the approval or satisfaction of the Administrative Agent has been approved by or is satisfactory to the Administrative Agent, each Account reflected therein as eligible for inclusion
in the applicable Borrowing Base is an Eligible Account, the Inventory reflected therein as eligible for inclusion in the applicable Borrowing Base constitutes Eligible Inventory or Eligible In-Transit
Inventory, the Real Property reflected therein as eligible for inclusion in the applicable Borrowing Base constitutes Eligible U.S. Real Estate, and the Intellectual Property reflected therein as eligible for inclusion in the applicable Borrowing
Base constitutes Eligible U.S. Intellectual Property, in each case as of the fiscal month end (or week end) date for which such Borrowing Base Certificate is calculated. 

7.21. Dutch Works Councils Act. At the European (GNU) Closing Date and at the time of delivery of each Borrowing Base Certificate, all
requirements under the Dutch Works Councils Act have been complied with by each Dutch Credit Party in respect of the execution, delivery and performance of the terms and provisions of each of the Credit Documents to which it is party and no advice
is required to be sought from any works council of a Dutch Credit Party in respect of the execution, delivery and performance of the terms and provisions of each of the Credit Documents to which it is party and the transactions contemplated thereby
since no works council has been established or is in the process of being established for the Dutch Credit Parties’ business. 
 7.22.
Canadian Pension Plans. Schedule 7.22 lists as of the Initial Closing Date all Canadian Pension Plans maintained or contributed to by the Credit Parties and their Subsidiaries on the Initial Closing Date. Except as could not reasonably
be expected, individually or in the aggregate, to result in a Material Adverse Effect, as of the Initial Closing Date, the Canadian Pension Plans are duly registered under the ITA and all other applicable laws which require registration. Except as
could not reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect, (i) each Credit Party and each of their Subsidiaries has complied with and performed all of its obligations under and in respect of the
Canadian Pension Plans under the terms thereof, any funding agreements and all applicable laws (including any fiduciary, funding, investment and administration obligations), (ii) all employer and employee payments, contributions or premiums to be
remitted, paid to or in respect of each Canadian Pension Plan by a Credit Party have been paid in a timely fashion by such Credit Party in accordance with the terms thereof, any funding agreement and all applicable laws, (iii) there have been
no improper withdrawals or applications by a Credit Party of the assets of the Canadian Pension Plans, and (iv) no facts or circumstances have occurred or existed that have resulted, or could be reasonably anticipated to result, in the
declaration of a termination of any Canadian Pension Plan by any Governmental Authority under applicable laws. No promises of benefit improvements under the Canadian Pension Plans have been made except where such improvement could not be reasonably
expected to have a Material Adverse Effect, and, in any event, no such improvements will result in a solvency deficiency or going concern unfunded liability in the affected Canadian Pension Plans which could be reasonably expected to have a Material
Adverse Effect. There are no outstanding disputes concerning the assets of the Canadian Pension Plans which could be reasonably expected to have a Material Adverse Effect. No Credit Party maintains or contributes to, or has in the past maintained or
contributed to, any Canadian Defined Benefit Pension Plans or any Canadian MEPP. 

  
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 7.23. U.K. Pensions. 

(a) Except in respect of the Mattel UK Limited Retirement & Death Benefits Plan, no U.K. Credit Party is or has at any time been:
(A) an employer (for the purposes of sections 38 to 51 of the Pensions Act 2004) of an occupational pension scheme which is not a money purchase scheme (both terms as defined in the Pensions Schemes Act 1993); or (B) ”connected”
with or an “associate” (as those terms are used in sections 38 and 43 of the Pensions Act 2004) of such an employer. As of the European (GNU) Closing Date, no U.K. Credit Party has been issued with Financial Support Direction or
Contribution Notice in respect of any pension scheme. 
 (b) Each U.K. Credit Party’s payment obligations under the Credit Documents to
which it is a party rank at least pari passu with the claims of all its other unsecured and unsubordinated creditors, except for obligations mandatorily preferred by law applying to companies generally. 

Section 8. Affirmative Covenants. The Company and each other Restricted Subsidiary hereby covenants and agrees that on and after
the Initial Closing Date until the Payment in Full Date: 
 8.01. Information Covenants. The Company will furnish to the
Administrative Agent for further distribution to each Lender: 
 (a) Quarterly Financial Statements. Within 55 days (or such
earlier date on which the Company is required (giving effect to any extensions granted by the SEC) to make any public filing of such information) after the end of each of the first three fiscal quarters of each fiscal year, (i) the unaudited
consolidated balance sheet of the Company and its consolidated Subsidiaries as of the end of such fiscal quarterly accounting period and the related unaudited consolidated statements of operations, comprehensive earnings (loss) and cash flows for
such fiscal quarterly accounting period and for the elapsed portion of the fiscal year ended with the last day of such quarterly accounting period, in each case setting forth comparative figures for the corresponding fiscal quarterly accounting
period in the prior fiscal year, or in the case of the balance sheet, setting forth the comparable figures as of the end of the prior fiscal year, certified by a Responsible Officer of the Company (in such capacity as a Responsible Officer and not
in an individual capacity) that they fairly present, in all material respects and in accordance with GAAP, the financial condition of the Company and its consolidated Subsidiaries as of the dates indicated and the results of their operations for the
periods indicated, subject to changes resulting from audit and normal year-end adjustments and to the absence of footnotes, and (ii) management’s discussion and analysis of the important operational
and financial developments during such quarterly accounting period. 
 (b) Annual Financial Statements. Within 100 days (or such
earlier date on which the Company is required (giving effect to any extensions granted by the SEC) to make any public filing of such information) after the end of each fiscal year, (i) the audited consolidated balance sheet of the Company and
its consolidated Subsidiaries as of the end of such fiscal year and the related audited consolidated statements of operations, comprehensive earnings (loss), stockholders’ equity and cash flows for such fiscal year setting forth comparative
figures, or as of the end of, for the preceding fiscal year, together with an opinion from 

  
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PricewaterhouseCoopers LLC or other independent certified public accountants of recognized national standing (which opinion (1) may be addressed to the board of directors and the
shareholders of the Company and (2) shall be without a “going concern” or like qualification nor any qualification as to the scope of such audit), (ii) the unaudited consolidating balance sheet as of the end of such fiscal year and
the related unaudited consolidating statements of operations as of the end of such fiscal year of each of (t) the Company and its Restricted Subsidiaries, (u) the Canadian Borrowers and their Restricted Subsidiaries, (v) the French
Borrowers and their Restricted Subsidiaries, (w) the Spanish Borrowers and their Restricted Subsidiaries, (x) the European (GNU) Borrowers and their Restricted Subsidiaries, (y) the Australian Borrowers and their Restricted
Subsidiaries and (z) the Unrestricted Subsidiaries, in each case, setting forth comparative figures for the preceding fiscal year, or in the case of the balance sheet, setting forth the comparable figures as of the end of the prior fiscal year,
and (iii) management’s discussion and analysis of the important operational and financial developments during such fiscal year. 

(c) Perfection Certificate Update. At the time of delivery of the Section 8.01(b) annual financials, a
certificate from a Responsible Officer certifying that there have been no changes to the Perfection Certificate since the Initial Closing Date or, if later, since the date of the most recent certificate delivered pursuant to this
Section 8.01(c), or if there have been any such changes, a list in reasonable detail of such changes (but, in each case with respect to this clause, only to the extent that such changes are required to be reported to the
Collateral Agent and the Australian Security Trustee pursuant to the terms of the Collateral and Guarantee Requirement) and whether the Company and the other Credit Parties have otherwise taken all actions required to be taken by them pursuant to
the Collateral and Guarantee Requirement in connection with any such changes. 
 (d) Annual Budget. Within 100 days after the end
of each fiscal year, a final consolidated annual plan, in each case, prepared in accordance with the Company’s normal accounting procedures applied on a consistent basis, for the next fiscal year, containing quarterly detail, including
projected quarterly borrowing base levels for the fiscal year (it being understood that such plan has already been delivered under this Section 8.01(d) for the 2017 fiscal year). 

(e) Officer’s Certificates. At the time of the delivery of the Section 8.01 Financials, a Compliance Certificate from a
Responsible Officer of the Company, certifying on behalf of the Company that, to such Responsible Officer’s knowledge after due inquiry, no Default or Event of Default has occurred and is continuing or, if any Default or Event of Default has
occurred and is continuing, specifying the nature and extent thereof, which certificate shall also contain (i) a certification from such Responsible Officer that, to such Responsible Officer’s knowledge after due inquiry, the Company and
its Restricted Subsidiaries are in compliance with any instrument or agreement evidencing, securing or relating to any Indebtedness (other than the Obligations) of the Company or any Restricted Subsidiary in a principal amount at least equal to the
Threshold Amount, including, for the avoidance of doubt, the Senior Unsecured Note Documents; (ii) the reasonably detailed calculations with respect to the Consolidated Fixed Charge Coverage Ratio for such period, whether or not a Financial
Covenant Triggering Event shall have occurred; (iii) the reasonably detailed calculations with respect to the Consolidated Net Leverage Ratio for such period; and (iv) a list of all Restricted Subsidiaries of the Company specifying whether
each such Subsidiary is a “Material Subsidiary” or an “Immaterial Subsidiary” for purposes of this Agreement and specifying each Restricted Non-Credit Party Subsidiary. 

  
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 (f) Notices. Promptly after any Responsible Officer of the Company or any of its
Restricted Subsidiaries obtains actual knowledge thereof, notice of (i) the occurrence of any event which constitutes a Default or an Event of Default or any event of default under any Senior Unsecured Note Document, any Junior Debt Document,
or other debt instrument in excess of the Threshold Amount, (ii) (x) any litigation or governmental investigation or proceeding pending against the Company or any of its Restricted Subsidiaries (A) which could reasonably be expected
to result in liability of the Company or any of its Restricted Subsidiaries equal to or greater than the Threshold Amount or (B) with respect to any Credit Document or (y) any adverse determination in any litigation referred to in the
immediately preceding clause (A), (iii) any default under or termination of a Material Contract that has not been cured, or (iv) any other event, change or circumstance that has had, or could reasonably be expected to have, a Material
Adverse Effect. In addition, five Business Days prior to the Company or any of its Subsidiaries entering into any exclusive license of the intellectual property of the Company or any of its Subsidiaries that may impair the ability of any Secured
Creditor to exercise its rights and remedies under the Credit Documents against any Inventory included in the Borrowing Base, written notice thereof. In addition, at the time of the delivery of the Section 8.01 Financials, with respect to the
period covered by such Section 8.01 Financials, notice of (A) each new location outside of the United States following the Initial Closing Date in which Inventory owned by a Credit Party with a Cost in excess of $5,000,000 are located
(together with the name of each owner of the property located at such address if not the applicable Credit Party, a summary description of the relationship between the applicable Credit Party and such Person and the maximum approximate Cost of the
Inventory held or to be held at such location) and (B) Inventory in an aggregate face amount of $5,000,000 or more ceasing to be Eligible Inventory. 

(g) Other Reports and Filings. (i) Promptly upon filing thereof, copies of any filings (including on Form 10-K, 10-Q or 8-K) or registration statements with, and reports to, the SEC, the Ontario Securities Commission, the Autorité
des marchés financiers of Quebec or any analogous Governmental Authority in any relevant jurisdiction by the Company or any of the Restricted Subsidiaries (other than amendments to any registration statement (to the extent such
registration statement, in the form it becomes effective, is delivered to the Administrative Agent for further delivery to the Lenders), exhibits to any registration statement and, if applicable, any registration statements on Form S-8 and other than any filing filed confidentiality with the SEC, the Ontario Securities Commission, the Autorité des marchés financiers of Quebec or any analogous Governmental Authority in any
relevant jurisdiction) and (ii) promptly upon their becoming available, copies of all financial statements, reports, notices and proxy statements sent or made available generally by the Company to its security holders or by any Restricted
Subsidiary of the Company to its security holders other than the Company or another Restricted Subsidiary, and, promptly upon their becoming effective, and in any event within 15 days of filing, all regular and periodic reports and all
registration statements and prospectuses that have been filed by the Company or any of its Restricted Subsidiaries with any securities exchange or with the SEC, the Ontario Securities Commission, the Autorité des marchés
financiers of Quebec or any similar Governmental Authority or other Governmental Authority succeeding to any of its or their functions, and all press releases and other statements made available generally by the Company or any Restricted
Subsidiary to the public concerning material developments in the business of the Company and its Restricted Subsidiaries. 

  
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 (h) Reserved. 

(i) Monthly Financial Statements. At any time when Total Excess Availability is less than the greater of (i) 10% of the Line Cap and
(ii) $100,000,000, upon the written request of the Administrative Agent, within 30 calendar days after the end of each fiscal month, the unaudited consolidated balance sheet of the Company and its consolidated Subsidiaries as of the end of such
fiscal month and the related unaudited consolidated statement of operations, for such fiscal month and, with respect to the consolidated statement of operations only, the elapsed portion of the fiscal year ended with the last day of such fiscal
month, certified by a Responsible Officer of the Company that they fairly present, in all material respects and in accordance with GAAP, the financial condition of the Company and its consolidated Subsidiaries as of the dates indicated and the
results of their operations for the periods indicated, subject to changes resulting from audit and normal quarter-end and year-end adjustments and to the absence of
footnotes; provided that the requirements to deliver monthly financial statements pursuant to this clause (i) shall terminate upon the date that Total Excess Availability shall have been at least equal to the greater of (x) 10% of the
Line Cap and (y) $100,000,000 over a period of 30 consecutive calendar days. 
 (j) Pension Plan Notices. The Company shall deliver to
the Administrative Agent upon request (i) a complete copy of the most recent annual report (on Internal Revenue Service Form 5500 series, including, to the extent required, the related financial and actuarial statements and opinions and other
supporting statements, certifications, schedules and information) filed with the Internal Revenue Service or other Governmental Authority of each Pension Plan that is maintained or sponsored by the Company or a Restricted Subsidiary,
(ii) copies of the annual actuarial report (including applicable schedules) with respect to each Canadian Pension Plan as filed with any applicable Governmental Authority, (iii) copies of annual financial statements or reports in respect
of Canadian Pension Plan funds delivered to the appropriate Canadian pension authorities, and (iv) all documents relating to collective pension schemes and agreements relating to individual pensions, such as pension regulations, letters of
pension, agreements with pension agencies (including business sector and company pension funds and insurers), notices or letters regarding possible exemption from compulsory participation in a pension scheme, and premium statements during the
then-most recent three years. 
 (k) Senior Unsecured Note and Junior Debt Notices. When and as delivered thereunder, any material
reports, appraisals or other materials required to be delivered under the terms of the Senior Unsecured Note Documents or the Junior Debt Documents in excess of the Threshold Amount. 

(l) Other Information. Subject to the limitation set forth in Section 12.14, from time to time, such other
information or documents (financial, Collateral-related or otherwise) with respect to the Company or any of its Restricted Subsidiaries (including in relation to any Canadian Pension Plans) as the Administrative Agent or any Lender (through the
Administrative Agent) may reasonably request, including a listing of each Credit Party’s trade payables, specifying the trade creditor and balance due, and a detailed trade payable aging, in each case, as promptly as reasonably practicable
after such request; provided that neither the Company nor any Restricted Subsidiary will be required to disclose any information or documents (i) that constitutes non-financial trade secrets or non-financial proprietary information, (ii) in respect of 

  
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which disclosure to the Administrative Agent or any Lender (or their respective representatives or contractors) is prohibited by applicable Requirements of Law or any binding agreement or
(iii) that is subject to attorney-client or similar privilege or constitutes attorney work product. 
 (m) Each document required to be
delivered pursuant to Sections 8.01(a), 8.01(b) or 8.01(g) shall be deemed to have been delivered on the date on which the Company posts such document on the Company’s website on the Internet at the website address
delivered to the Administrative Agent in accordance with Section 12.03, or when such document is posted on the SEC’s website at www.sec.gov or on IntraLinks, Syndtrak or ClearPar; provided that the Company shall
deliver paper copies of all such documents to the Administrative Agent or any Lender that requests the Company to deliver such paper copies until a request to cease delivering paper copies is given by the Administrative Agent or such Lender. The
Administrative Agent shall have no obligation to request the delivery or to maintain copies of the documents referred to above in this paragraph, and in any event shall have no responsibility to monitor compliance by the Company 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. Information required to be delivered pursuant to this Section may also be delivered by electronic
communications permitted by Section 12.03. 
 8.02. Books, Records and Inspections. 

(a) The Company and any Restricted Subsidiary will keep proper books of record and accounts in which entries are made in conformity with GAAP
(or applicable local standards) in all material respects. 
 (b) The Company will permit the Administrative Agent, subject to reasonable
advance notice to, and reasonable coordination with, the Company and during normal business hours, to visit and inspect the properties of any Borrower, at the Borrowers’ sole cost and expense to the extent provided in clause (c) below,
inspect, audit and make extracts from any Borrower’s corporate, financial or operating records, and discuss with its officers and employees and, in the presence of the Company, any Borrower or a Subsidiary of the Company, independent
accountants (subject to such accountants’ customary policies and procedures) such Borrower business, financial condition, assets and results of operations; provided that excluding any such visits and inspections during the continuation
of an Event of Default, the Administrative Agent shall not exercise such rights more often than once during any calendar year absent the existence of an Event of Default; provided, further that neither the Company nor any Restricted
Subsidiary will be required to disclose, permit the inspection, audit, examination or making copies or abstracts of, or discussion of, any document, information or other matter (i) that constitutes
non-financial trade secrets or non-financial proprietary information, (ii) in respect of which disclosure to the Administrative Agent (or its representatives or
contractors) is prohibited by applicable Requirement of Law or any binding agreement or (iii) that is subject to attorney-client or similar privilege or constitutes attorney work product. In addition to the foregoing, the Administrative Agent
shall be permitted to conduct one Field Examination, one Appraisal with respect to any Accounts or Inventory comprising the Borrowing Base, one Appraisal with respect to any Real Property constituting Collateral and one Appraisal with respect to any
Intellectual Property constituting Collateral, in each case during any 12-month period, and, upon the Administrative Agent’s request, one additional Field Examination and one

  
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additional Appraisal of Accounts and/or Inventory during the term of this Agreement; provided, further, that (i) if at any time Total Excess Availability is less than the
greater of (x) 12.5% of the Line Cap and (y) $125,000,000 at any time during such 12-month period, one further additional Field Examination and one further additional Appraisal of Accounts and/or
Inventory will be permitted in such 12-month period and (ii) if an Event of Default has occurred and is continuing, there shall be no limit on the number of additional Field Examinations, Appraisals of
Accounts or Inventory, Appraisals of Real Property constituting Collateral and Appraisals of Intellectual Property constituting Collateral that shall be permitted at the Administrative Agent’s request; it being understood that any such Field
Examination or Appraisal once commenced, may be completed at, subject to Section 12.01, the Borrowers’ expense notwithstanding the cessation of such Event of Default. Neither the Administrative Agent nor any Lender
shall have any duty to any Borrower to share any results of any Field Examination with any Borrower. The Company acknowledges that all Field Examinations and Appraisals are conducted by or for the Administrative Agent and Lenders for their purposes,
and the Borrowers shall not be entitled to rely upon them. 
 (c) Subject to Section 12.01(a), the Borrowers shall
reimburse the Administrative Agent for any reasonable and documented out-of-pocket costs and expenses of the Administrative Agent in connection with (i) one
examination per fiscal year of any Borrower’s books and records, (ii) if an Event of Default has occurred and is continuing, any examination per fiscal year of any Borrower’s books and records (without duplication of the examination
referred to in clause (i) above) and (iii) Field Examinations and Appraisals in each case subject to the limitations on such examinations, audits and Appraisals permitted under the immediately preceding clause (b). 

8.03. Maintenance of Property; Insurance. 

(a) The Company and each Restricted Subsidiary will, (i) keep all tangible property necessary to the business of the Company and such
Restricted Subsidiary in good working order and condition, ordinary wear and tear, casualty and condemnation excepted, except to the extent that the failure to so keep such property in good working order and condition would not reasonably be
expected to have a Material Adverse Effect, (ii) maintain with financially sound and reputable insurance companies (as determined in good faith by the Company) insurance on all such property and the businesses of the Company and such Restricted
Subsidiary against loss or damage of the kinds customarily insured against by Persons engaged in the same or similar businesses, of such types and in such amounts (after giving effect to any self-insurance reasonably and customary for similarly
situated Persons who are engaged in the same or similar businesses as the Company and its Restricted Subsidiaries) as are customarily carried under similar circumstances by such other Persons (in the good faith determination of the Company) and in
accordance with industry practice for companies similarly situated owning similar properties and engaged in similar businesses as the Company and such Restricted Subsidiary and (iii) furnish to the Administrative Agent, upon its reasonable
request therefor, evidence as to its compliance with the foregoing clause (ii). 
 (b) If the improvements on a Mortgaged Property are at any
time located in an area identified by the Federal Emergency Management Agency (or any successor agency) as a special flood hazard area with respect to which flood insurance has been made available under the Flood

  
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Insurance Laws (including as a result of re-zoning), then the Relevant Borrower shall, or shall cause the applicable Credit Party to (i) maintain,
with a financially sound and reputable insurer, flood insurance in an amount and otherwise sufficient to comply with all applicable Requirements of Law promulgated pursuant to the Flood Insurance Laws and (ii) deliver to the Administrative
Agent, upon its reasonable request therefor, evidence of such insurance, including, without limitation, evidence of annual renewals of such insurance. 

(c) The Company and each Restricted Subsidiary will at all times keep its property constituting Collateral insured in accordance with
Section 8.03(a) in favor of the Collateral Agent or the Australian Security Trustee, and all policies or certificates (or certified copies thereof) with respect to such insurance (and any other insurance maintained by the
Company and/or such Restricted Subsidiaries) (i) shall be endorsed to the Administrative Agent’s reasonable satisfaction for the benefit of the Collateral Agent or the Australian Security Trustee (including, without limitation, by
including the Collateral Agent or the Australian Security Trustee as lender loss payee or additional insured, as applicable), and (ii) if agreed by the insurer (which agreement the Relevant Borrower shall use commercially reasonable efforts to
obtain), shall state that such insurance policies shall not be canceled without at least 30 days’ prior written notice thereof (or, with respect to non-payment of premiums, 10 days’ prior written
notice) by the respective insurer to the Collateral Agent or the Australian Security Trustee; provided that the requirements of this Section 8.03(c) shall not apply to (x) insurance policies covering
(1) directors and officers, fiduciary or other professional liability, (2) employment practices liability, (3) workers’ compensation liability, (4) automobile and aviation liability, (5) health, medical, dental and life
insurance, and (6) such other insurance policies and programs as the Collateral Agent or the Australian Security Trustee may approve (such approval not to be unreasonably withheld, delayed or conditioned); and (y) self-insurance programs.

 (d) If the Company or any Restricted Subsidiary shall fail to maintain insurance in accordance with this
Section 8.03, after any applicable grace period, the Administrative Agent shall have the right (but shall be under no obligation), after 10 Business Days’ notice to the Company, to procure such insurance and the Credit
Parties jointly and severally agree to reimburse the Administrative Agent for all reasonable costs and expenses of procuring such insurance. 

8.04. Existence; Franchises. The Company and any Restricted Subsidiary (other than any Immaterial Subsidiary) will (a) do all
things necessary to preserve and keep in full force and effect the Company’s existence and (b) in the case of the Company and such Restricted Subsidiaries, its and their rights, franchises, licenses, permits, and Intellectual Property, in
each case under this clause (b), to the extent the failure to do so would reasonably be expected to have a Material Adverse Effect; provided, however, that nothing in this Section 8.04 shall prevent
(i) the permitting to lapse or termination of the corporate existence and/or the rights and franchises of any Material Subsidiary if such lapse or termination is in the interest of the Company and is not materially disadvantageous to the
Lenders, (ii) the Dispositions and licenses of assets and other transactions by the Company or such Restricted Subsidiaries in accordance with Sections 9.02 or 9.11, (iii) the abandonment or allowing the expiration or lapse
by the Company or such Restricted Subsidiaries of any rights, franchises, licenses, permits, or Intellectual Property that the Company reasonably determines are no longer material to the operations of the Company and such Restricted Subsidiaries
taken as a whole, or (iv) the withdrawal by the Company or such Restricted Subsidiaries of its qualification as a foreign corporation, partnership, limited liability company or unlimited liability company, as the case may be, in any
jurisdiction if such withdrawal could not, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 

  
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 8.05. Compliance with Statutes, etc. 

(a) The Company and any Restricted Subsidiary will comply with all applicable Requirements of Law, and all applicable restrictions imposed by,
all Governmental Authorities, in respect of the conduct of its business and the ownership of its property (including applicable Requirements of Law relating to ERISA, Canadian Employee Benefits Legislation, OFAC, FCPA, the Corruption of Foreign
Public Officials Act (Canada), Anti-Terrorism Laws, AML Legislation and Patriot Act), except in each case such noncompliance as could not, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 

(b) Without limiting the immediately preceding clause (a), the Company and any Subsidiary will comply with all applicable Requirements of
Law, and all applicable restrictions imposed by, all Governmental Authorities, in respect of OFAC, FCPA, the Corruption of Foreign Public Officials Act (Canada), Anti-Terrorism Laws, AML Legislation and Patriot Act, except in each case such
noncompliance as could not, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 
 8.06.
Compliance with Environmental Laws. The Company and any Restricted Subsidiary will comply with all Environmental Laws and permits applicable to, or required by, the ownership, lease or use of Real Property by the Company or any Restricted
Subsidiary, and will promptly pay or cause to be paid all costs and expenses incurred in connection with such compliance, and will keep or cause to be kept all such Real Property free and clear of any Liens imposed pursuant to such Environmental
Laws (other than Liens imposed on leased Real Property resulting from the acts or omissions of the owner of such leased Real Property or of other tenants of such leased Real Property who are not within the control of the Company), except, in each
case, where the failure to do so would not reasonably be expected to have a Material Adverse Effect. Neither the Company nor any Restricted Subsidiary will generate, use, treat, store, Release or permit the generation, use, treatment, storage, or
Release of Hazardous Materials at, on or under any Real Property by the Company or any Restricted Subsidiary, or transport or permit the transportation of Hazardous Materials to or from any such Real Property, except in compliance with all
Environmental Laws or where such non-compliance would not reasonably be expected to have a Material Adverse Effect. 

8.07. ERISA. As soon as reasonably practicable and, in any event, within ten (10) Business Days after the Company or any
Restricted Subsidiary knows of the occurrence of an ERISA Event has occurred that is reasonably expected to result in a Material Adverse Effect, the Company will deliver to the Administrative Agent a certificate setting forth a reasonable level of
detail as to such occurrence and the action, if any, that the Company, such Restricted Subsidiary or, to the knowledge of any Responsible Officer of the Company, an ERISA Affiliate is required or proposes to take, together with any notices required
or proposed to be given or filed by the Company, such Restricted Subsidiary, the Pension Plan administrator or, to the extent available, such ERISA Affiliate to or with the PBGC or any other Governmental Authority, or a Pension Plan participant and
any notices received by the Company, such Restricted Subsidiary or, to the extent available, such ERISA Affiliate from the PBGC or any other Governmental Authority with respect thereto. 

  
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 8.08. U.K. Pensions. Each U.K. Credit Party shall (a) ensure that all pension schemes
operated by or maintained for its benefit and/or any of its employees are fully funded based on the statutory funding objective under sections 221 and 222 of the Pensions Act 2004 and that no action or omission is taken by any U.K. Credit Party in
relation to such a pension scheme which has or is reasonably likely to have a Material Adverse Effect (including the termination or commencement of winding-up proceedings of any such pension scheme or a U.K.
Credit Party ceasing to employ any member of such a pension scheme); (b) except in respect of the Mattel UK Limited Retirement & Death Benefits Plan, ensure that it is not or has not been at any time an employer (for the purposes of
sections 38 to 51 of the Pensions Act 2004) of an occupational pension scheme which is not a money purchase scheme (both terms as defined in the Pension Schemes Act 199) or “connected” with or an “associate” of (as those terms
are defined in sections 38 or 43 of the Pensions Act 2004) such an employer; (c) shall, at the written request of the Administrative Agent, deliver to the Administrative Agent: (i) at such times as those reports are prepared in order to
comply with the then current statutory or auditing requirements (as applicable either to the trustees of any relevant schemes or to the U.K. Credit Parties); and (ii) at any other time if the Administrative Agent reasonably believes that any
relevant statutory or auditing requirements are not being complied with, actuarial reports in relation to all pension schemes mentioned in (a) above; and (d) promptly notify the Administrative Agent of any material change in the rate of
contributions to any pension scheme mentioned in (a) above paid or recommended to be paid (whether by the scheme actuary or otherwise) or required (by law or otherwise). 

8.09. Canadian Pension Plans.(a) For each existing, or hereafter adopted, Canadian Pension Plan, each Canadian Credit Party will, and
will cause each Subsidiary to, in a timely fashion comply with and perform in all material respects all of its obligations under and in respect of such Canadian Pension Plan, including under any funding agreements and all applicable laws (including
any fiduciary, funding, investment and administration obligations), unless any failure to so comply or perform could not reasonably be expected to have a Material Adverse Effect. 

(b) All employer or employee payments, contributions or premiums required to be paid or remitted to or in respect of each Canadian Pension Plan
by a Credit Party or a Subsidiary of a Credit Party shall be paid or remitted by such Credit Party and such Subsidiary (as applicable) in a timely fashion in accordance with the terms thereof, any funding agreements and all applicable laws, unless
any failure to do so could not reasonably be expected to have a Material Adverse Effect. 
 8.10. Payment of Taxes. Each of the
Company and any Restricted Subsidiary will pay and discharge all Taxes imposed upon it or upon its income or profits or upon any properties belonging to it, prior to the date on which penalties attach thereto and all lawful claims which, if unpaid,
might become a Lien upon any properties of the Company or any Restricted Subsidiary not otherwise permitted under Section 9.01(d); provided that neither the Company nor any 

  
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Restricted Subsidiary shall be required to pay any such Tax or claim which is being contested in good faith and by appropriate proceedings if it has maintained adequate reserves with respect
thereto in accordance with GAAP, or where the failure to pay such Tax or claim would not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect. 

8.11. Material Contracts. Each Credit Party will, and will cause each Restricted Subsidiary to, comply in all respects with each term,
condition and provision of all Material Contracts, except as any such noncompliance could not reasonably be expected to have a Material Adverse Effect. 

8.12. Use of Proceeds. Each Borrower will use the proceeds of the Loans only as provided in Section 7.08. No
part of the proceeds of any Loans or Letters of Credit hereunder will be used by any Credit Party or any of its Subsidiaries for the purpose of funding any operations in, financing any investments or activities in or making any payments in violation
of applicable Sanctions, Canadian Sanctions Laws, Anti-Terrorism Laws, AML Legislation and any similar applicable Requirements of Law of Australia, Canada, France, Germany, the Netherlands, Spain, the United Kingdom or the FCPA or the Corruption of
Foreign Public Officials Act (Canada). 
 8.13. Centre of Main Interests. Each French Credit Party, each Spanish Credit Party and
each European (GNU) Credit Party shall maintain its “centre of main interests” in its jurisdiction of incorporation for the purposes of the Insolvency Regulation. 

8.14. Reserved. 
 8.15.
Additional Security; Further Assurances; etc. 
 (a) Each Credit Party will promptly grant to the Collateral Agent or, in the case of
an Australian Subsidiary, the Australian Security Trustee, for the benefit of the Secured Creditors, perfected security interests in such Collateral of such Credit Party as are not covered by Security Documents then in effect, in order to comply
with the Collateral and Guarantee Requirement. 
 (b) The Company shall cause each Restricted Subsidiary that is (x) designated as a
Credit Party pursuant to Section 8.19(c)(i); or (y) is required to become a Credit Party pursuant to Section 8.19(c)(ii), not later than 30 days after such Restricted Subsidiary is designated
as a Credit Party or required to become a Credit Party (or such longer period as the Administrative Agent may reasonably agree), (i) cause such Restricted Subsidiary (A) to execute a joinder agreement to this Agreement, in the form attached as
Exhibit E-1 hereto, to join as a Guarantor hereto and a joinder agreement to each applicable Security Agreement, substantially in the form annexed thereto, or, if applicable, each additional Security
Document in lieu of such joinder, provided that such additional Security Document shall be substantially similar in form and substance to such applicable Security Agreement and (B) to take all actions, if any, reasonably necessary or
advisable in the opinion of the Administrative Agent to cause the Lien created by the applicable Security Agreement to be duly perfected to the extent required by the Collateral and Guarantee Requirement in accordance with all applicable law,
including the filing of financing statements as required by the Collateral and Guarantee Requirement; and (ii) at the reasonable request of the Administrative Agent, deliver to the Administrative Agent a signed

  
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copy of an opinion, addressed to the Administrative Agent, the Collateral Agent, the Australian Security Trustee, and the other Lenders, of counsel to the Credit Parties reasonably acceptable to
the Administrative Agent (which counsel may be in-house counsel for the Company in a case where both (x) the applicable Restricted Subsidiary will not be a Borrower and (y) an opinion has previously
been delivered to the Administrative Agent for such jurisdiction) as to such matters set forth in this Section 8.15(b) (provided that the Administrative Agent agrees that any such opinion that is similar in scope and
substance to the opinion of the applicable counsel to the Credit Parties delivered on the applicable Closing Date with respect to the Security Documents delivered on the applicable Closing Date shall be reasonably acceptable to the Administrative
Agent). 
 (c) Subject to the limitation set forth in the Collateral and Guarantee Requirement and the other limitations set forth in this
Agreement or the applicable Security Documents, each of the Credit Parties will, at the expense of the Company, make, execute, endorse, acknowledge, file and/or deliver to the Administrative Agent, promptly, upon the reasonable request of the
Administrative Agent, at Company’s expense, any document or instrument supplemental to or confirmatory of the Security Documents required by the Collateral and Guarantee Requirement that are deemed by the Administrative Agent reasonably
necessary for the continued validity, perfection (or the equivalent with respect to the Canadian Credit Parties under applicable law in Canada, with respect to the French Credit Parties, under applicable law in France, with respect to the Spanish
Credit Parties, under applicable law in Spain, with respect to the European (GNU) Credit Parties, under applicable law in the Netherlands, the United Kingdom and/or Germany, and with respect to the Australian Credit Parties, under applicable law in
Australia) and priority of the Liens on the Collateral covered thereby subject to no other Liens except for Permitted Liens or as otherwise permitted by the applicable Security Document. 

(d) Each of the Credit Parties agrees that each action required by clauses (a) through (c) of this
Section 8.15 shall be completed as soon as reasonably practicable, after such action is required to be taken pursuant to such clauses or requested to be taken by the Administrative Agent (or such longer period as the
Administrative Agent shall otherwise reasonably agree). 
 (e) Notwithstanding anything to the contrary in any Credit Document, no Loan or
Obligation of a Borrower that is a “United States person” within the meaning of Section 7701(a)(30) of the Code may be, directly or indirectly, (i) guaranteed by a CFC, FSHCO or a direct or indirect Subsidiary of a CFC or FSHCO,
(ii) secured by a pledge of more than 65% of the voting equity interests or 100% of the non-voting equity interests of a CFC or FSHCO or (iii) secured by assets of a CFC or FSHCO (including any stock
held directly or indirectly by a CFC), in each case, except to the extent the Company determines in consultation with the Administrative Agent that doing so would not reasonably be expected to result in material adverse Tax consequences to the
Company or one or more of its Subsidiaries. 
 (f) (i) During the continuance of a Cash Dominion Period and (ii) after delivery of
a written notice thereof by the Administrative Agent to the Company, to request Account Debtor notifications in the relevant Account Debtor Approved Countries, the Relevant Borrowers (other than the Initial Spanish Borrower, to the extent it has
already notified such Account Debtors in accordance with this Section) shall provide notice to the Account Debtors in such requested Account Debtor Approved Countries of the Collateral Agent’s or Australian Security Trustee’s

  
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security interest in the Accounts owing by such Account Debtors. The Initial Spanish Borrower shall, within 90 days of the Spanish Closing Date, provide notice to its Account Debtors of the
Collateral Agent’s security interest in its Accounts owing by such Account Debtors, by including a notice of such security interest on each invoice issued by it. 

8.16. Post-Closing Actions. Each of the Credit Parties agrees that it will complete each of the actions described in Schedule
8.16 by no later than the date set forth in Schedule 8.16 with respect to such action or such later date as the Administrative Agent may reasonably agree in writing (including, via e-mail
transmission). 
 8.17. Dutch Works Councils Act. Each Dutch Credit Party shall comply with the requirements of the Dutch Works
Councils Act in respect of its execution, delivery and performance of the terms and provisions of each of the Credit Documents to which it is party and the transactions contemplated thereby. 

8.18. Certain Additional Account Security Actions and Additional Inventory Security Actions. (a) Each applicable Revolving Borrower
shall endeavor to satisfy the Additional Account Security Actions with respect to Accounts originated by such Borrower that are owed from Account Debtors located in the United Kingdom, France, Germany, the Netherlands, Spain and Australia within
thirty (30) calendar days (or such longer period as shall be agreed by the Administrative Agent) after the written request from the Administrative Agent for such Additional Account Security Actions and (b) each applicable Dutch Borrower
shall endeavor to satisfy the Additional Inventory Security Actions with respect to Inventory located in the United Kingdom or France that is owned by such Dutch Borrower within thirty (30) calendar days (or such longer period as shall be
agreed by the Administrative Agent) after the written request from the Administrative Agent for such Additional Inventory Security Actions; provided that the failure by any Revolving Borrower to take such Additional Account Security Actions
and/or Additional Inventory Security Actions pursuant to this Section 8.18 shall not constitute a Default or an Event of Default and the effect of any such failure shall be limited to the impact on the eligibility of such
Accounts or Inventory, as applicable, for inclusion in the applicable Borrowing Base (including, for the avoidance of doubt, the Dutch Borrowing Base, the U.K. Borrowing Base, the German Borrowing Base and the Spanish Borrowing Base) pursuant to the
rules set forth in the definitions of the terms “Eligible Account”, “Eligible Inventory” and “Eligible In-Transit Inventory”. 

8.19. Designation of Unrestricted Subsidiaries and Restricted Non-Credit Party Subsidiaries.

 (a) Unrestricted Subsidiaries. The Company may at any time after the Initial Closing Date designate any Restricted Subsidiary as an
Unrestricted Subsidiary or any Unrestricted Subsidiary as a Restricted Subsidiary by written notice to the Administrative Agent; provided that (i) immediately before and after such designation, no Event of Default shall have occurred and
be continuing; (ii) if any Borrower is designated as an Unrestricted Subsidiary, all Loans outstanding to such Borrower shall be repaid in full or assumed by another Borrower and all Letters of Credit issued for the account of such Borrower
shall have expired or been terminated or assumed by another Borrower or Cash Collateralized in accordance with Section 2.13; (iii) if any Subsidiary is designated as an Unrestricted Subsidiary, such designation shall
constitute an 

  
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Investment in such Unrestricted Subsidiary (calculated as an amount equal to the aggregate book value of all outstanding Investments owned by the Company and its Restricted Subsidiaries in such
Subsidiary), and such Investment shall be permitted under Section 9.05; (iv) no Subsidiary may be designated as an Unrestricted Subsidiary if it is a “Restricted Subsidiary” for the purpose of any of the
Senior Unsecured Note Documents; (v) immediately after giving effect to the designation of an Unrestricted Subsidiary as a Restricted Subsidiary, the Company shall comply with the provisions of Section 8.15 with
respect to such designated Restricted Subsidiary; (vi) no Restricted Subsidiary may be a Subsidiary of an Unrestricted Subsidiary; (vii) in the case of the designation of any Subsidiary as an Unrestricted Subsidiary, no recourse whatsoever
(whether by contract or by operation of law or otherwise) may be had to the Company or any Restricted Subsidiary or any of their respective properties or assets for any obligations of such Unrestricted Subsidiary except as permitted by
Section 9.05; (viii) after giving effect to such designation, the aggregate total assets or total gross revenues of such Unrestricted Subsidiaries shall not exceed 5% of Consolidated Total Assets or 5% of the
consolidated gross revenues of the Company and its Restricted Subsidiaries, respectively; and (ix) the Company shall have delivered to the Administrative Agent and each Lender a certificate executed by a Responsible Officer, certifying to such
officer’s knowledge, compliance with the requirements of the preceding clauses (i) through (viii), inclusive. The designation of any Unrestricted Subsidiary as a Restricted Subsidiary shall constitute an incurrence, at the time of
designation, of any Investment, Indebtedness, or Liens of such Subsidiary existing at such time. 
 (b) Restricted Subsidiaries. Any
Subsidiary of the Company that is formed or acquired after the Initial Closing Date shall be deemed a Restricted Subsidiary unless at such time (or promptly thereafter) the Company designates such Subsidiary an Unrestricted Subsidiary in accordance
with the provisions of Section 8.19(a). 
 (c) Subsidiary Guarantors. 

(i) Voluntary Designation of Additional Guarantor. The Company may at any time after the Initial Closing Date designate
any Subsidiary as a Subsidiary Guarantor by written notice to the Administrative Agent; provided that (A) if any Borrower is designated as a Guarantor, the Company shall comply with Section 2.21(b) with respect
to such Borrower; and (B) the Company shall deliver the documents and other deliverables required pursuant to Section 8.15(b) with respect to the designation of such Subsidiary as a Subsidiary Guarantor. 

(ii) Mandatory Designation of Additional Guarantor. If (x) during any fiscal quarter, the Company or any Restricted
Subsidiary establishes, creates or acquires a Subsidiary in an Account Debtor Approved Country and such Subsidiary is not designated as an Unrestricted Subsidiary pursuant to Section 8.19(a), then, if the Restricted Non-Credit Party Subsidiary Limit is not satisfied as of the end of such fiscal quarter, the Company shall, or (y) as of the last day of any fiscal quarter, the Restricted
Non-Credit Party Subsidiary Limit is not satisfied, then the Company shall, in each case, concurrently with the delivery of the Section 8.01 Financials with respect to such fiscal quarter, designate one
or more Restricted Subsidiaries (other than Borrowers) to become Subsidiary Guarantors hereunder; provided that the Company shall deliver the documents and other deliverables required pursuant to Section 8.15(b) with
respect to the 

  
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designation of such Subsidiary or Subsidiaries as a Subsidiary Guarantor. The designation of any Restricted Non-Credit Party Subsidiary as a Credit Party
shall constitute an incurrence, at the time of designation, of any Investment, Indebtedness, or Liens of such Subsidiary existing at such time. 

(iii) Designation of Restricted Non-Credit Party Subsidiary. The Company may at
any time after the Initial Closing Date designate any Subsidiary as a Restricted Non-Credit Party Subsidiary by written notice to the Administrative Agent; provided that (A) if any Borrower is
designated as a Restricted Non-Credit Party Subsidiary, the applicable Borrower and the Company shall comply with Section 2.21(b) with respect to such Borrower, (B) such
designation shall constitute an Investment in such Restricted Non-Credit Party Subsidiary (calculated as an amount equal to the aggregate book value of all outstanding Investments owned by the Company and its
Restricted Subsidiaries (other than any Restricted Non-Credit Party Subsidiaries) in such Subsidiary), and such Investment shall be permitted under Section 9.05, (C) no Subsidiary may
be designated as a Restricted Non-Credit Party Subsidiary if it is a “Credit Party” for the purpose of any of the Senior Unsecured Note Documents, (D) no recourse whatsoever (whether by contract
or by operation of law or otherwise) may be had to the Company or any other Restricted Subsidiary or any of their respective properties or assets for any obligations of such Restricted Non-Credit Party
Subsidiary except as permitted by Section 9.05, (E) after giving effect to such designation, the Restricted Non-Credit Party Subsidiary Limit is satisfied, and (F) the
Company shall have delivered to the Administrative Agent and each Lender a certificate executed by a Responsible Officer, certifying to such officer’s knowledge, compliance with the requirements of the preceding clauses (A) through (E),
inclusive. The designation of any Subsidiary Guarantor as a Restricted Non-Credit Party Subsidiary pursuant to this Section 8.19(c)(iii) shall result in the release of such Subsidiary
as a Guarantor hereunder. 
 8.20. Collateral Monitoring and Reporting. 

(a) Borrowing Base Certificates. Not later than the 25th calendar day after the end of each month, the Company shall deliver to the
Administrative Agent (and the Administrative Agent shall promptly deliver same to Lenders) a Borrowing Base Certificate as of the close of business of the previous month; provided that, if a Weekly Reporting Event shall have occurred and be
continuing, the Company shall deliver to the Administrative Agent weekly updates to the Borrowing Base Certificates by the third Business Day of every week prepared as of the close of business on Friday of the previous week, which weekly updates to
the Borrowing Base Certificates shall be in the form agreed to by the Administrative Agent; it being understood that any Borrowing Base Certificates delivered on a weekly basis will be limited to updating the balances of the Eligible Accounts and
gross Eligible Inventory, Eligible In-Transit Inventory, Eligible U.S. Real Estate and Eligible U.S. Intellectual Property amounts as of the most recently ended week. All information (including calculation of
Total Excess Availability) in a Borrowing Base Certificate shall be certified by the Company. The Administrative Agent may from time to time adjust any such report to the extent any information or calculation is inaccurate or does not comply with
this Agreement in accordance with the definitions of “U.S. Revolving A Borrowing Base”, “Revolving B Borrowing Base”, “Canadian Borrowing Base”, “French Borrowing Base”, “European (GNU) Borrowing
Base”, “Dutch Borrowing Base”, “U.K. Borrowing Base”, “German Borrowing Base”, “Spanish Borrowing Base” and “Australian Borrowing Base”. 

  
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 (b) Records and Schedules of Accounts. 

(i) Each Revolving Borrower shall keep accurate and complete records of its Accounts in all material respects, including all
payments and collections thereon, and the Company shall submit to the Administrative Agent, (A) concurrently with the delivery of each monthly Borrowing Base Certificate, a sales report, a collection report, and a report reconciling the
Accounts in such Borrowing Base Certificate to the previous monthly Borrowing Base Certificate; and (B) concurrently with the delivery of each weekly updates to the Borrowing Base Certificate, a sales report and a collection report. The Company
shall also provide to the Administrative Agent, at the time of delivery of each Borrowing Base Certificate (in each case other than any weekly updates to the Borrowing Base Certificate), (x) a summary aged trial balance of all Accounts and
(y) an accounts payable aging report, in each case as of the end of the preceding month. 
 (ii) During (A) any
Cash Dominion Period, whether or not a Default or Event of Default exists or (B) the continuance of an Event of Default, the Administrative Agent shall have the right, in the name of the Administrative Agent, any designee of the Administrative
Agent or any Credit Party, to verify the validity, amount or any other matter relating to any Accounts of the Credit Parties by mail, telephone or otherwise. The Credit Parties shall cooperate fully with Administrative Agent in an effort to
facilitate and promptly conclude any such verification process. 
 (c) Cash Management. 

(i) Within ninety (90) days after the Initial Closing Date (or such longer period as the Administrative Agent may
reasonably agree), the U.S. Credit Parties shall have moved their Deposit Accounts into which the proceeds or products of Collateral may have been deposited to a depository bank selected by the Company and reasonably satisfactory to the
Administrative Agent (the “U.S. Collection Bank”) (and shall have closed any Deposit Accounts (other than Excluded Accounts) owned by them at any other financial institution and into which the proceeds or products of Collateral may
have been deposited unless either (x) such other Accounts are subject to a Deposit Account Control Agreement or (y) as otherwise reasonably agreed by the Administrative Agent), and shall have granted a security interest to the Collateral
Agent in respect of each such Deposit Account under the governing law of the jurisdiction of domicile of each such Deposit Account reasonably satisfactory to the Administrative Agent and entered into a Deposit Account Control Agreement reasonably
satisfactory to the Administrative Agent, with respect to each such Deposit Account (collectively, the “U.S. Collection Accounts”). Each U.S. Credit Party shall instruct all Account Debtors of the U.S. Credit Parties to remit all
payments to the “P.O. Boxes” or “Lockbox Addresses” of the U.S. Collection Bank (or to remit such payments to the U.S. Collection Bank by electronic settlement) with respect to all Accounts of such Account Debtor, which
remittances shall be collected by the U.S. Collection Bank and deposited in a U.S. Collection Account. Each U.S. Credit Party hereby agrees that all cash that constitutes proceeds or products of Collateral

  
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received by such U.S. Credit Party in any Deposit Account that is not a U.S. Collection Account will be promptly transferred into a U.S. Collection Account. There shall be at all times at least
one Collection Account in the U.S. Each Deposit Account Control Agreement relating to a U.S. Collection Account shall (unless otherwise agreed by the Administrative Agent) include provisions that allow, during any Cash Dominion Period, for all
collected amounts held in such U.S. Collection Account from and after the date requested by the Administrative Agent to be applied as instructed by the Administrative Agent. Subject to the terms of the respective Security Document and to
Section 10.02, all amounts received in the U.S. Collection Accounts during the existence of a Cash Dominion Period shall be applied (and allocated) by the Administrative Agent on a daily basis in accordance with
Section 2.09(b)(v)(A). At any time a Cash Dominion Period does not exist, U.S. Credit Parties may withdraw funds directly from the U.S. Collection Accounts. 

(ii) Within ninety (90) days after the Initial Closing Date (or such longer period as the Administrative Agent may
reasonably agree), the Canadian Credit Parties shall have used commercially reasonable efforts to enter into a Deposit Account Control Agreement reasonably satisfactory to the Administrative Agent, with respect to each Deposit Account (other than
Excluded Accounts) owned by them in Canada and into which the proceeds or products of Collateral may have been deposited and existing as of such date; provided that to the extent a Deposit Account Control Agreement has not been obtained on or
prior to the date that is ninety (90) days after the Initial Closing Date (or such later date as the Administrative Agent may reasonably agree) over any such Deposit Account, the Canadian Credit Parties shall have moved such Deposit Account to
another depositary bank who has entered into such a Deposit Account Control Agreement (collectively, the “Canadian Collection Accounts”). Each Canadian Credit Party shall instruct all Account Debtors of the Canadian Credit Parties
to remit all payments to the “P.O. Boxes” or “Lockbox Addresses” of the depositary banks maintaining Canadian Collection Accounts (or to remit such payments to the applicable depositary bank by electronic settlement) with respect
to all Accounts of such Account Debtor, which remittances shall be collected by such depositary banks and deposited in a Canadian Collection Account. Each Canadian Credit Party hereby agrees that all cash that constitutes proceeds or products of
Collateral received by such Canadian Credit Party in any Deposit Account that is not a Canadian Collection Account will be promptly (and, in any event within two Business Days) transferred into a Canadian Collection Account. There shall be at all
times at least one Collection Account in Canada. Each Deposit Account Control Agreement relating to a Canadian Collection Account shall (unless otherwise agreed by the Administrative Agent) include provisions that allow, during any Cash Dominion
Period, for all collected amounts held in such Canadian Collection Account from and after the date requested by the Administrative Agent to be applied as instructed by the Administrative Agent. Subject to the terms of the respective Security
Document and to Section 10.02, all amounts received in the Canadian Collection Accounts during the existence of a Cash Dominion Period shall be applied (and allocated) by the Administrative Agent on a daily basis in
accordance with Section 2.09(b)(v)(B). At any time a Cash Dominion Period does not exist, Canadian Credit Parties may withdraw funds directly from the Canadian Collection Accounts. 

  
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 (iii) Each Australian Borrower, French Borrower, German Borrower, Spanish
Borrower, Dutch Borrower and U.K. Borrower shall maintain such deposit accounts, grant security interests over such deposit accounts and handle payments received by its Account Debtors in accordance with the applicable Collection Account Addendum.

 (iv) (A) In the case of the U.S. Collection Accounts, the Canadian Collection Accounts and the Collection Account
into which payments from Account Debtors of a German Borrower are deposited, during the continuance of a Cash Dominion Period, and (B) in the case of the Collection Accounts into which the payments from Account Debtors of any Dutch Borrower,
French Borrower, U.K. Borrower, Spanish Borrower and/or Australian Borrower are deposited, at any time and from time to time, in the case of each of the immediately preceding clauses (A) and (B), at the request of the Administrative Agent, each
of the relevant Credit Parties shall provide the Administrative Agent with an accounting of the contents of the Collection Accounts not maintained at BANA, which shall identify, to the reasonable satisfaction of the Administrative Agent, the
proceeds from the Collateral which were deposited into the applicable Collection Account and, with respect to the U.S. Collection Accounts, Canadian Collection Accounts and Collection Accounts into which payments from Account Debtors of a German
Borrower are deposited, are deposited into such Collection Account during a Cash Dominion Period. 
 (v) The Credit Parties
may close Deposit Accounts and/or open or acquire new Deposit Accounts, subject to the limitations set forth above and subject to the contemporaneous execution and delivery to the Administrative Agent of appropriate Deposit Account Control
Agreements (except with respect to Excluded Accounts) consistent with the provisions of this Section 8.20 (or such later delivery as may be agreed by the Administrative Agent), it being understood that no such new Deposit
Account shall qualify as a Collection Account until such Deposit Account Control Agreement is delivered. In the case of the U.S. Collection Accounts, the Canadian Collection Accounts and the Collection Account into which payments from Account
Debtors of a German Borrower are deposited, so long as no Cash Dominion Period is continuing, the Credit Parties may direct the manner of disposition of funds in the Collection Accounts (including transfers to the Excluded Accounts) and such amounts
may not be used by the Administrative Agent to prepay the Loans or other Obligations thereafter unless and until a Cash Dominion Period shall occur. 

(vi) In the event that, notwithstanding the provisions of this Section 8.20, (A) in the case of
the U.S. Collection Accounts, the Canadian Collection Accounts and the Collection Account into which payments from Account Debtors of a German Borrower are deposited, during the continuation of a Cash Dominion Period, and (B) in the case of the
Collection Accounts into which the payments from Account Debtors of any Dutch Borrower, French Borrower, U.K. Borrower, Spanish Borrower and/or Australian Borrower are deposited, at any time, in the case of each of the immediately preceding
clauses (A) and (B), any Credit Party receives or otherwise has dominion and control of any proceeds or collections of Collateral (other than amounts constituting proceeds of Indebtedness (including the Loans)), such proceeds and collections
shall be held in trust by such Credit Party for the Secured Creditors, shall not be commingled with 

  
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any of such Credit Party’s other funds or deposited in any account of such Credit Party and shall promptly be deposited into the applicable Collection Account or dealt with in such other
fashion as such Credit Party may be instructed by the Administrative Agent. 
 (d) Administration of Deposit Accounts. Schedule
8.20(d) sets forth, as of the Initial Closing Date, all Deposit Accounts (other than Excluded Accounts) maintained by the Credit Parties. The applicable Credit Party shall be the sole account holder of each Deposit Account (other than any
Excluded Account) into which the proceeds or products of any Collateral are, or are intended to be, deposited and shall not allow any other Person to have a perfected Lien (other than Permitted Liens) on any Deposit Account or any property deposited
therein. On each date on which Section 8.01 Financials are required to be delivered to the Administrative Agent, the Company shall notify the Administrative Agent of any opening or closing of a Deposit Account (other than any Excluded Account)
into which the proceeds or products of any Collateral are, or are intended to be, deposited and, with the consent of the Administrative Agent, will amend Schedule 8.20(d) to reflect the same. 

(e) Inventory. 

(i) Each Revolving Borrower shall keep accurate and complete records of its Inventory, in all material respects, including
costs and daily withdrawals and additions, and shall submit to the Administrative Agent Inventory and reconciliation reports at the time of delivery of each Borrowing Base Certificate (other than any weekly update to the Borrowing Base Certificate.)
No Revolving Borrower shall return any Inventory to a supplier, vendor or other Person, whether for cash, credit or otherwise, unless (A) such return is in the ordinary course of business; or (B)(x) no Default, Event of Default or
Overadvance exists or would result therefrom; and (y) any payment received by a Revolving Borrower for a return is deposited into a Collection Account. 

(ii) Each Australian Credit Party will promptly take all reasonable steps that are prudent for its business in relation to the
Australian PPSA including doing anything reasonably requested by the Australian Security Trustee for that purpose. For example it will create and implement appropriate policies and systems and, where appropriate, take reasonable steps to identify
Liens in its favour and to perfect and protect them under the Australian PPSA with the highest priority available. 
 Section 9.
Negative Covenants. 
 9.01. Liens. Each of the Company and any Restricted Subsidiary shall not, directly or indirectly,
create, incur, assume or suffer to exist any Lien upon or with respect to any property or assets (real or personal, tangible or intangible) of the Company or any Restricted Subsidiary, whether now owned or hereafter acquired; provided that
the provisions of this Section 9.01 shall not prevent the creation, incurrence, assumption or existence of, or any filing in respect of, the following (Liens described below are herein referred to as “Permitted
Liens”): 
 (a) Liens created pursuant to the Credit Documents (including Liens securing Secured Bank Product Obligations); 

  
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 (b) pledges, deposits or security by such Person under workmen’s compensation laws,
unemployment insurance, employers’ health tax, and other social security Requirements of Law or similar legislation or other insurance related obligations (including, but not limited to, in respect of deductibles, self-insured retention amounts
and premiums and adjustments thereto) or indemnification obligations of (including obligations in respect of letters of credit or bank guarantees for the benefit of) insurance carriers providing property, casualty or liability insurance, or good
faith deposits in connection with bids, tenders, contracts (other than for the payment of Indebtedness) or leases to which such Person is a party, or deposits to secure public or statutory or similar obligations of such Person or deposits of cash or
Cash Equivalents to secure surety or appeal bonds to which such Person is a party, or deposits as security for contested taxes or import duties or for the payment of rent, in each case incurred in the ordinary course of business (including Liens to
secure letters of credit issued to assure payment of such obligations); 
 (c) (i) Liens imposed by Requirement of Law, such as
landlords’, carriers’, warehousemen’s, materialmen’s, repairmen’s, mechanics’ and similar Liens or similar Liens imposed by third-party contracts entered into in the ordinary course of business, in each case for sums
not yet overdue for a period of more than 30 days or remain payable without penalty or being contested in good faith by appropriate actions if adequate reserves with respect thereto are maintained on the book of such person in accordance with GAAP;
and (ii) other Liens arising out of judgments or awards not constituting an Event of Default; 
 (d) Liens for Taxes, assessments or
other governmental charges not yet overdue or not yet payable or subject to penalties for nonpayment or which are being contested in good faith by appropriate actions, if adequate reserves with respect thereto are maintained on the books of such
Person in accordance with GAAP; 
 (e) Liens in favor of issuers of performance, surety, bid, indemnity, warranty, release, appeal or similar
bonds or with respect to other regulatory requirements or letters of credit or bankers acceptances issued, and completion guarantees provided for, in each case, issued pursuant to the request of and for the account of such Person in the ordinary
course of its business; 
 (f) Liens securing obligations constituting Junior Debt permitted to be Incurred pursuant to
Section 9.04(c), so long as any such Lien does not violate the terms of any Senior Unsecured Note Indenture when Incurred; provided that, to the extent such Liens attach to any Collateral, then the Liens on the
Collateral securing such obligations, shall (i) rank junior to the Liens securing the Obligations and (ii) be subject to an Acceptable Intercreditor Agreement; 

(g) Liens securing obligations relating to any Indebtedness permitted to be Incurred pursuant to Section 9.04(e);
provided that such Liens extend only to the assets so purchased, leased or improved and any accessions or extensions thereof; 
 (h)
Liens existing on the Initial Closing Date or pursuant to agreements in existence on the Initial Closing Date and set forth in Schedule 9.01(h) (which may include Liens on (i) after-acquired property that is affixed or incorporated into
the property covered by such Lien, (ii) after-acquired property subject to a Lien securing such Indebtedness, the terms of which 

  
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Indebtedness require or include a pledge of after-acquired property (it being understood that such requirement shall not be permitted to apply to any property to which such requirement would not
have applied but for such acquisition) and (iii) the proceeds and products thereof); 
 (i) (i) Liens on property or Equity
Interests or other assets of a Person at the time such Person becomes a Subsidiary; provided that such Liens (A) are not created or incurred in connection with, or in contemplation of, such other Person becoming such a Subsidiary and
(B) may not extend to any other property or other assets owned by the Company or any of the Restricted Subsidiaries; and (ii) Liens on property or other assets at the time the Company or a Restricted Subsidiary acquired the property or
such other assets, including any acquisition by means of a merger, amalgamation or consolidation with or into the Company or any of the Restricted Subsidiaries; provided that such Liens are not created or incurred in connection with, or in
contemplation of, such acquisition, amalgamation, merger or consolidation and do not attach to any Borrowing Base Assets of a Credit Party; 

(j) Liens to secure any Permitted Refinancing of any Indebtedness secured by any Lien referred to in the foregoing clauses (f), (g), and (h);
provided that such new Lien shall be limited to all or part of the same property that secured the original Lien (plus (i) after-acquired property that is affixed or incorporated into the property covered by such Lien,
(ii) after-acquired property subject to a Lien securing such Indebtedness, the terms of which Indebtedness require or include a pledge of after-acquired property (it being understood that such requirement shall not be permitted to apply to any
property to which such requirement would not have applied but for such refinancing) and (iii) the proceeds and products thereof); 
 (k)
any encumbrance or restriction (including put and call arrangements and rights of first refusal and similar rights) with respect to Equity Interests of any joint venture or similar arrangement pursuant to any joint venture or similar agreement; 

(l) Liens arising out of conditional sale, title retention, consignment or similar arrangements with vendors for the sale or purchase of goods
entered into by the Company or any Restricted Subsidiary in the ordinary course of business; 
 (m) Liens solely on any cash earnest money
deposits made by the Company or any of the Restricted Subsidiaries in connection with any letter of intent or purchase agreement not prohibited by this Agreement; 

(n) easements, rights-of-way, encroachments, covenants,
conditions, zoning and other restrictions, minor defects or other irregularities in title, and other similar encumbrances which, either individually or in the aggregate, are not substantial in amount, and which do not in any case materially detract
from the value of the property subject thereto or interfere in any material respect with the ordinary conduct of the businesses of the Company, taken as a whole; 

(o) any interest or title of a licensor, sublicensor, lessor or sublessor under any lease or license permitted by this Agreement and the
Security Documents and any Lien against such interest or title; 
 (p) Liens reflected in UCC, PPSA, Australian PPSA or other similar
financing statement filings regarding operating leases or consignments entered into by the Company and the Restricted Subsidiaries in the ordinary course of business or purported Liens evidenced by the filing of precautionary UCC, PPSA or other
similar financing statements or similar public filings 

  
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 (q) (i) licenses and sublicenses granted by the Company or a Restricted Subsidiary,
(ii) leases and subleases (by the Company or any Restricted Subsidiary as lessor or sublessor) to third parties, and (iii) franchise or co-development arrangements entered into by the Company or any
Restricted Subsidiary with third parties for the development, marketing and/or sale of the Company’s or any Restricted Subsidiary’s products and media content in compliance with Section 9.08, in each case, in the
ordinary course of business, and not materially interfering with the business of the Company, taken as a whole, nor the ability of the Administrative Agent or the Lenders to dispose of Borrowing Base Assets that are included in the Borrowing Base;

 (r) Liens (i) of a collection bank arising under Section 4-210 of the UCC on items in
the course of collection; and (ii) in favor of a banking or other financial institution arising as a matter of law or under customary general terms and conditions encumbering deposits or other funds maintained with a financial institution
(including the right of setoff) and which are within the general parameters customary in the banking industry; 
 (s) Liens that are
contractual rights of set-off or rights of pledge or arising under the standard terms and conditions of banks (i) relating to the establishment of depository relations with banks not given in connection
with the issuance of Indebtedness, (ii) relating to pooled deposit or sweep accounts of the Company or any of the Restricted Subsidiaries to permit satisfaction of overdraft or similar obligations incurred in the ordinary course of business of
the Company and the Restricted Subsidiaries or (iii) relating to purchase orders and other agreements entered into with customers of the Company or any of the Restricted Subsidiaries in the ordinary course of business; 

(t) Liens in favor of customs and revenue authorities arising as a matter of law which secure payment of customs duties in connection with the
importation of goods in the ordinary course of business; 
 (u) Liens securing financings of insurance premiums, which such Liens attach
solely to the insurance policies financed and the proceeds thereof; 
 (v) Liens on brokerage accounts incurred in the ordinary course of
business securing obligations to settle trades made by the Company or any Restricted Subsidiary; 
 (w) the rights reserved to or vested in
municipalities or governmental or other public authorities or agencies by statutory provisions or by the terms of leases, licenses, franchises, grants or permits, which affect any land to terminate any such leases, licenses, franchises, grants or
permits or to require annual or other payments as a condition to the continuance thereof; 
 (x) deposits with public utilities or to any
municipalities or governmental or other public authorities when required by the utility, municipality, governmental or other public authority in connection with the supply of services or utilities to the Company or any Restricted Subsidiary; 

  
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 (y) Liens solely on specific items of inventory or other goods and proceeds of any Person
securing such Person’s accounts payable or similar trade obligations in respect of bankers’ acceptances or documentary letters of credit issued or created for the account of such Person to facilitate the purchase, shipment or storage of
such inventory or other goods; 
 (z) Liens encumbering reasonable customary deposits and margin deposits and similar Liens attaching to
commodity trading accounts or other brokerage accounts incurred in the ordinary course of business and not for speculative purposes; 
 (aa)
Liens on Equity Interests of an Unrestricted Subsidiary that secure Indebtedness or other obligations of such Unrestricted Subsidiary or any other Unrestricted Subsidiary; 

(bb) Liens on cash advances in favor of the seller of any property to be acquired in an Investment not prohibited under this Agreement to be
applied against the purchase price for such Investment; 
 (cc) Liens that are a security interest by virtue only of the operation of section
12(3) of the Australian PPSA; 
 (dd) Permitted Encumbrances; and 

(ee) Liens on copyrights with respect to film and episodic assets granted in the ordinary course of business. 

In connection with the granting of Liens of the type described in this Section 9.01 by the Company and any
Restricted Subsidiary, the Administrative Agent shall, and shall be authorized to, take any actions deemed appropriate by it in connection therewith (including, without limitation, by executing appropriate lien releases or lien subordination
agreements in favor of the holder or holders of such Liens, in either case solely with respect to the item or items of equipment or other assets subject to such Liens). 

9.02. Dispositions. Each of the Company and any Restricted Subsidiary shall not make any Disposition or enter into any agreement to
make any Disposition, except: 
 (a) Dispositions of obsolete or worn out property, whether now owned or hereafter acquired, in the ordinary
course of business; 
 (b) Dispositions of inventory or tooling in the ordinary course of business; 

(c) Dispositions of equipment or real property to the extent that (i) such property is exchanged for credit against the purchase price or
applied to the purchase price of similar replacement property; or (ii) the proceeds of such Disposition are reasonably promptly applied to the purchase price of such replacement property, in each case under this clause (c) consummated
within 180 days of such Disposition; 
 (d) Dispositions by (i) the Company or any Subsidiary to a U.S. Credit Party; (ii) any
Foreign Credit Party or FSHCO Guarantor to any other Foreign Credit Party or FSHCO Guarantor; (iii) any Foreign Subsidiary to a Foreign Credit Party or a FSHCO Guarantor; and 

  
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(iv) a Foreign Subsidiary that is a Restricted Non-Credit Party Subsidiary to a Domestic Subsidiary that is a Restricted Non-Credit Party Subsidiary; provided, that, in the case of any Disposition under this clause (d) of Borrowing Base Assets that are included in the Borrowing Base which aggregate to an amount exceeding
$20,000,000 (measured from the date of the most recently delivered Borrowing Base Certificate or updated Borrowing Base Certificate pursuant to this Section 9.02(d)) by a Borrower to a Credit Party that is not a Borrower,
the Administrative Agent shall have received no later than five (5) Business Days prior to such Disposition (or such shorter period as may be agreed to by the Administrative Agent) a Borrowing Base Certificate giving effect to such Disposition
in form and substance reasonably satisfactory to the Administrative Agent; 
 (e) Dispositions by a Credit Party or a Domestic Subsidiary
that is a Restricted Non-Credit Party Subsidiary to a Foreign Subsidiary; provided the aggregate amount of Dispositions made pursuant to this Section 9.02(e) shall not exceed
$50,000,000; 
 (f) Dispositions by a Credit Party to a Restricted Non-Credit Party Subsidiary;
provided the aggregate amount of Dispositions made pursuant to this Section 9.02(f) shall not exceed $25,000,000; 

(g) Dispositions by (i) a Domestic Subsidiary that is a Restricted Non-Credit Party Subsidiary to
another Domestic Subsidiary that that is a Restricted Non-Credit Party Subsidiary; and (ii) a Foreign Subsidiary that is a Restricted Non-Credit Party Subsidiary to
another Foreign Subsidiary that that is a Restricted Non-Credit Party Subsidiary; 
 (h) Dispositions
by a Credit Party of Equity Interests in a Restricted Non-Credit Party Subsidiary to another Restricted Non-Credit Party Subsidiary, so long as such transferee is a
direct or indirect Subsidiary of a U.S. Credit Party; 
 (i) Dispositions by the Company or a Domestic Subsidiary of intangible property that
results in the transfer of such intangible property to a Domestic Subsidiary that is a Restricted Non-Credit Party Subsidiary or a Foreign Subsidiary for cash or other adequate consideration as part of an
internal group restructuring, business reorganization or business restructuring with respect to the non-U.S. operations or non-U.S. group consistent with past practices;

 (j) Dispositions permitted by Sections 9.03, 9.04 or 9.05; 

(k) entering into licenses, sublicenses, leases and subleases entered into by the Company or any of its Subsidiaries in the ordinary course of
business; 
 (l) entering into (i) non-exclusive licenses of the intellectual property of the
Company or any of its Subsidiaries and (ii) exclusive licenses of the intellectual property of the Company or any of its Subsidiaries, so long as (A) either (I) any such exclusive license is exclusive to one or more specific
jurisdictions outside the United States or (II) the intellectual property subject to any such exclusive license is not used by the licensees in any toy or consumer products business and (B) entering into any such exclusive license could
not reasonably be expected to impair the ability of any Secured Creditor to exercise its rights and remedies under the Credit Documents against any Borrowing Base Assets that are included in the Borrowing Base; 

  
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 (m) Dispositions by the Company and its Subsidiaries of Borrowing Base Assets not otherwise
permitted under this Section 9.02; provided, that, in the case of Borrowing Base Assets with an aggregate book value equal to or exceeding $10,000,000, (i) the Administrative Agent shall have received no later
than five (5) Business Days prior to such Disposition (or such shorter period as may be agreed to by the Administrative Agent) a Borrowing Base Certificate giving effect to such Disposition in form and substance reasonably satisfactory to the
Administrative Agent and (ii) the Payment Conditions are satisfied with respect to such Disposition; 
 (n) Dispositions by the Company
and its Subsidiaries not otherwise permitted under this Section 9.02; provided that (i) at the time of such Disposition, no Default or Event of Default shall exist or would result from such Disposition and
(ii) the assets subject to such Disposition do not constitute Collateral; 
 (o) Dispositions of cash and Cash Equivalents in the
ordinary course of business; 
 (p) Dispositions of delinquent Accounts in connection with the compromise, settlement or collection thereof;

 (q) Dispositions resulting from any casualty or other insured damage to, or any taking under power of eminent domain or by condemnation or
similar proceeding of, any property or assets of any Credit Party or any Restricted Subsidiary; 
 (r) other than during a Cash Dominion
Period (unless consented to in writing by the Administrative Agent), a sale or other disposition of Accounts in connection with a Supplier Financing Transaction; and 

(s) Dispositions by the Company and its Subsidiaries not otherwise permitted under this Section 9.02; provided
that (i) at the time of such Disposition, no Default or Event of Default shall exist or would result from such Disposition, (ii) any such Disposition does not result in an Overadvance, (iii) any such Dispositions, in the aggregate,
shall not exceed $125,000,000, and (iv) if any such Disposition directly results in a reduction to the Borrowing Base of $20,000,000 or more, the Company must, concurrently with such disposition, provide an updated Borrowing Base Certificate,
calculated after giving effect to such Disposition, to the Administrative Agent; 
 provided that, in connection with any of the foregoing permitted
Dispositions that constitutes a Significant Disposition, the Borrower shall deliver to the Administrative Agent ten (10) Business Days prior to such Disposition (A) a new Borrowing Base Certificate, and (B) a certificate of an
Authorized Officer (1) certifying that no Event of Default has occurred and is continuing, or would result therefrom, (2) setting forth the Section under which such Disposition is permitted hereunder and (3) certifying the book value
of the assets subject to such Disposition. 
 9.03. Restricted Payments and Prepayment of Indebtedness. 

(a) The Company and each Restricted Subsidiary shall not declare or make, directly or indirectly, any Restricted Payment, except: 

  
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 (i) each Restricted Subsidiary may make Restricted Payments to the Borrowers and
to other Restricted Subsidiaries that directly or indirectly own Equity Interests of such Restricted Subsidiary (and, in the case of a Restricted Payment by a non-wholly owned Restricted Subsidiary, to the
Borrowers and any such other Restricted Subsidiary and to each other owner of Equity Interests of such Restricted Subsidiary based on their relative ownership interests, it being understood, however, that any such Restricted Subsidiary may exclude
one or more classes of equity holders from any such Restricted Payment so long as the class or classes of equity interests owned by any Credit Party or any Subsidiary are not excluded from any such Restricted Payment); 

(ii) the Borrowers and each Restricted Subsidiary may declare and make dividend payments or other distributions payable solely
in the Qualified Equity Interests of such Person; 
 (iii) to the extent constituting Restricted Payments, the Borrowers and
the Restricted Subsidiaries may take actions expressly permitted by Sections 9.02, 9.04, or 9.10; 

(iv) the Company may make Restricted Payments, and any Restricted Subsidiary may make Restricted Payments to the Company: 

(A) so long as no Event of Default under Sections 10.01(a) or 10.01(e) is continuing, Restricted Payments the
proceeds of which will be used to repurchase, retire or otherwise acquire the Equity Interests of the Company from directors, managers, officers, employees, consultants or independent contractors or members of management of the Company or any
Restricted Subsidiary (or their estate, heirs, beneficiaries under their estates, family members, spouse, former spouse, domestic partner and/or former domestic partner), in each case in connection with the resignation, termination, death or
disability of any such directors, officers, employees or members of management, consultants or independent contractors or a sale of the division or Subsidiary as to which such Person is a director, employee, consultant or member of management, as
the case may be, or otherwise in accordance with any stock option or stock appreciation rights plan, any management, director and/or employee stock ownership or incentive plan, benefit plan or agreement, stock subscription plan, employment
termination agreement or any other employment agreements, partnership agreement or equity holders’ agreement in an aggregate amount, except with respect to non-discretionary repurchases, acquisitions,
retirements or redemptions pursuant to the terms of any stock option or stock appreciation rights plan, any management, director and/or employee stock ownership or incentive plan, benefit plan or agreement, stock subscription plan, employment
termination agreement or any other employment agreement, partnership agreement or equity holders’ agreement, not in excess of (A) $3,000,000 in any fiscal year of the Borrowers, plus (B) up to $1,500,000 of any unutilized portion of
such amount in the immediately preceding fiscal year (after giving effect to any carryforward applicable to such preceding fiscal year); 

  
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 (B) to effectuate the non-cash repurchase
of Equity Interests of the Company deemed to occur upon the non-cash exercise of stock options and warrants or similar equity incentive awards; and 

(C) to (i) pay cash in lieu of fractional shares in connection with any dividend, split or combination of its Equity
Interests or any Permitted Acquisition (or similar Investment) and (ii) honor any conversion request by a holder of convertible Indebtedness and make cash payments in lieu of fractional shares in connection with any such conversion; 

(v) so long as no Event of Default is continuing, the Company may redeem in whole or in part any Equity Interests of the
Company or such Restricted Subsidiary, as applicable, solely as part of an exchange for another class of Qualified Equity Interests or rights to acquire Qualified Equity Interests or with proceeds from substantially concurrent equity contributions
from, or issuances of new shares of its Qualified Equity Interests to, any Person other than the Company or any of its Subsidiaries; provided that any terms and provisions material to the interests of the Lenders, when taken as a whole,
contained in such other class of Equity Interests of the Company, are no more adverse (taken as a whole) to the Lenders than those contained in the Equity Interests redeemed thereby; 

(vi) each Subsidiary of the Company, or its direct or indirect parent (other than the Company), may repurchase its Equity
Interests owned by any of its minority owners upon a direct or indirect sale of such Subsidiary or of all or substantially all of such Subsidiary’s assets (provided that such sale is permitted under this Agreement and such purchase is
made from proceeds of such sale); 
 (vii) the Company may make other Restricted Payments so long as the Payment Conditions
are satisfied with respect thereto; 
 (viii) the Borrowers and their Restricted Subsidiaries may make Restricted Payments
consisting of Equity Interests in an Unrestricted Subsidiary; 
 (ix) the Company or any Restricted Subsidiary may make
Restricted Payments constituting the payment of dividends or the consummation of any irrevocable redemption within sixty (60) days after the date of declaration of the dividend or the giving of the redemption notice, as the case may be, if at
the date of declaration or notice, such Restricted Payments would have complied with and been permitted pursuant to the other provisions of this Section 9.03; provided, that the Company shall deliver written notice
to the Administrative Agent not later than four Business Days following the date of declaration of the dividend or the giving of the redemption notice, as the case may be (and the Administrative Agent acknowledges that issuance of a press release or
the posting of a document on the Company’s website on the Internet at the website address delivered to the Administrative Agent in accordance with Section 12.03, or on the SEC’s website at www.sec.gov or on
IntraLinks, Syndtrak or ClearPar, in each case, with respect to any such declaration of the dividend or such giving of the redemption notice, shall be deemed to satisfy this notice requirement), and the Administrative Agent may thereafter establish
a Reserve (the “RP Reserve”) in an amount not to exceed the aggregate amount of such dividend or such redemption, as the case may be, until payment thereof; and 

  
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 (x) the Company and its Restricted Subsidiaries may withhold Equity Interests for
payment of withholding taxes deemed to occur upon the exercise or vesting of stock options and warrants, the vesting of restricted stock or similar equity incentive awards. 

(b) The Company and each Restricted Subsidiary shall not make, directly or indirectly, any voluntary prepayment (whether in cash, securities or
property), prior to the scheduled due date thereof, of or in respect of principal of or interest on any Indebtedness, 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 such Indebtedness in respect thereof (each, a “Restricted Junior Debt Prepayment”), except; 

(i) payments of regularly scheduled principal, interest and fees and payments of indemnities and expense reimbursement with
respect to any Indebtedness; provided, that with respect to any Junior Debt, any such payment shall be in accordance with the applicable Acceptable Intercreditor Agreement (or other applicable intercreditor agreement or subordination terms);

 (ii) a prepayment, redemption, purchase, defeasement or other satisfaction of Indebtedness made using proceeds of any
issuance of Equity Interests of the Company; provided that (A) no Event of Default shall have occurred and be continuing or would result therefrom and (B) such prepayment, redemption, purchase, defeasement or other satisfaction of
Indebtedness occurs not later than 90 days after the issuance and receipt of proceeds of such Equity Interests and is made using solely such proceeds; 

(iii) the conversion of any Indebtedness to Qualified Equity Interests; 

(iv) the prepayment, redemption, purchase, defeasance or other satisfaction of any Indebtedness with any Permitted Refinancing
thereof; 
 (v) non-cash payments of interest in the form of payments in kind,
accretion or similar non-cash payments; 
 (vi) payment of secured Indebtedness that
becomes due as a result of the Disposition permitted under Section 9.02 of any property or asset securing such Indebtedness; 

(vii) payment of Indebtedness of any Credit Party or Restricted Subsidiary to any other Credit Party or Restricted Subsidiary;
provided that, if such Indebtedness is owed by a Credit Party to a Restricted Subsidiary that is not a Credit Party, (x) no Default or Event of Default has occurred which is continuing or would result after giving effect to such payment,
(y) any such payment, individually, shall not exceed $5,000,000, and (z) any such payments, in the aggregate, shall not exceed $25,000,000, unless, in the case of the immediately preceding clauses (y) and (z), the Payment Conditions
are satisfied with respect to such payment; 

  
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 (viii) any other payment, prepayment, redemption, purchase, defeasement or other
satisfaction of Indebtedness so long as the Payment Conditions are satisfied with respect thereto; and 
 (ix) any prepayment
of intercompany Indebtedness permitted pursuant to Section 9.04(x) and Section 9.04(y), in each case under this clause (ix), for cash management purposes, made in the ordinary course of business
and consistent with past practices, so long as at the time of any such prepayment to any Subsidiary that is not a Credit Party no Event of Default has occurred and is continuing and, if any Event of Default has occurred and is continuing, the
Administrative Agent has not notified the Company that such prepayment is prohibited. 
 9.04. Indebtedness. Each of the Company and
any Restricted Subsidiary shall not, directly or indirectly, Incur or suffer to exist any Indebtedness except: 
 (a) Indebtedness incurred
pursuant to this Agreement and the other Credit Documents; 
 (b) Indebtedness under the Senior Unsecured Notes and the Senior Unsecured Note
Indentures and Permitted Refinancings thereof, and the parties hereto confirm that in connection with any such Permitted Refinancings, any Credit Party is permitted to become an obligor under the applicable Refinancing Indebtedness; 

(c) unsecured Indebtedness of the Company and any other Credit Party and secured Indebtedness of the Company and any other Credit Party ranking
junior in Lien priority to the Liens securing the Obligations (any of the foregoing, “Junior Debt”) and Permitted Refinancings thereof; provided that (i) such Junior Debt does not have a final maturity prior to the date
that is 91 days after the Maturity Date; (ii) if the Junior Debt is secured by a security interest in the Collateral, such security interest is (x) junior in priority to the security interest in the Collateral securing the Obligations,
(y) limited to Collateral located in the United States or Canada and (z) subject to an Acceptable Intercreditor Agreement; (iii) such Junior Debt may not be guaranteed by Subsidiaries that are not Credit Parties, (iv) such Junior
Debt does not violate the terms of any Senior Unsecured Note Indenture when Incurred, (v) no Default or Event of Default shall exist or would result from the Incurrence of such Junior Debt and (vi) in the case of such Junior Debt
constituting secured Indebtedness, the Payment Conditions are satisfied with respect thereto when Incurred; 
 (d) Indebtedness of the
Company and the Restricted Subsidiaries in existence on the Initial Closing Date and listed on Schedule 9.04(d) (“Existing Indebtedness”) and Permitted Refinancings thereof; provided, that any such Indebtedness between
the Company and/or Restricted Subsidiaries that is owing to a Restricted Non-Credit Party Subsidiary shall be subordinated in right of payment to the Obligations pursuant to an Intercompany Subordination
Agreement; 

  
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 (e) Indebtedness (including Capitalized Lease Obligations and Purchase Money Obligations)
Incurred to finance the purchase, restoration, lease or improvement of property (real or personal), equipment or other assets, including assets that are used or useful in a Similar Business, within 270 days of such purchase, restoration, lease or
improvement, whether through the direct purchase of assets or the Capital Stock of any Person owning such assets; 
 (f) Indebtedness
Incurred by the Company or any of the Restricted Subsidiaries constituting reimbursement obligations with respect to letters of credit issued in the ordinary course of business, bank guarantees, workers’ compensation claims, self-insurance
obligations, bankers’ acceptances, warehouse receipts, guarantees, statutory, export or import indemnities, customs, revenue bonds or similar instruments issued or created, including letters of credit in respect of workers’ compensation
claims, health, disability or other employee benefits or property, casualty or liability insurance or self-insurance or other Indebtedness with respect to reimbursement type obligations regarding workers’ compensation claims, health, disability
or other employee benefits or property, casualty or liability insurance or self-insurance; 
 (g) Indebtedness of any Credit Party to a
Restricted Subsidiary; provided that (i) any such Indebtedness owing to a Restricted Non-Credit Party Subsidiary is subordinated in right of payment to the Obligations pursuant to an Intercompany
Subordination Agreement; and (ii) any subsequent issuance or transfer of any Capital Stock or any other event which results in any such Restricted Subsidiary ceasing to be a Restricted Subsidiary or any other subsequent transfer of any such
Indebtedness (except to the Company or another Restricted Subsidiary) shall be deemed, in each case, to be an incurrence of such Indebtedness and not permitted by this clause (g); 

(h) Indebtedness of a Restricted Subsidiary to the Company or another Restricted Subsidiary; provided that (i) if a Credit Party
incurs such Indebtedness to a Restricted Non-Credit Party Subsidiary, such Indebtedness is subordinated in right of payment to the Obligations pursuant to an Intercompany Subordination Agreement; and
(ii) any subsequent transfer of any such Indebtedness (except to the Company or another Restricted Subsidiary) shall be deemed, in each case, to be an incurrence of such Indebtedness and not permitted by this clause (h); 

(i) (i) obligations of the Company or any Restricted Subsidiary under any Hedging Agreement and any related guaranty (excluding
obligations under Hedging Agreements entered into for speculative purposes) and (ii) other Bank Product Debt; 
 (j) (i) any
guarantee by a Credit Party of Indebtedness or other obligations of any other Credit Party so long as the incurrence of such Indebtedness incurred by such other Credit Party is permitted under the terms of this Agreement, or (ii) any guarantee
by a Restricted Non-Credit Party Subsidiary of Indebtedness of a Credit Party; 
 (k) (i)
Indebtedness consisting of Indebtedness issued by the Company or any of the Restricted Subsidiaries to future, present or former employees, directors, officers, managers and consultants thereof (including trustees, administrators, executors, powers
of attorney, heirs, assignees, estates and beneficiaries), in each case to finance the purchase or redemption of Equity Interests of the Company to the extent described in Section 9.03(a)(iv)(A) or (ii) Indebtedness
representing deferred compensation to employees of the Company or any of the Restricted Subsidiaries incurred in the ordinary course of business; 

  
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 (l) Indebtedness arising from customary agreements of the Company or the Restricted Subsidiaries
providing for indemnification, adjustment of purchase price, earnouts or similar obligations, in each case, incurred or assumed in connection with the acquisition or disposition of any business, assets or a Subsidiary, other than guarantees of
Indebtedness incurred by any Person acquiring all or any portion of such business, assets or a Subsidiary for the purpose of financing such acquisition; provided, however, that the maximum liability in respect of all such Indebtedness
in connection with a disposition shall at no time exceed the gross proceeds including non-cash proceeds (the Fair Market Value of such non-cash proceeds being measured
at the time received and without giving effect to any subsequent changes in value) actually received by the Company and the Restricted Subsidiaries in connection with such disposition; 

(m) obligations in respect of self-insurance and performance, bid, appeal and surety bonds and performance and completion guarantees and
similar obligations provided by the Company or any of the Restricted Subsidiaries in the ordinary course of business; 
 (n) Indebtedness
arising from the honoring by a bank or other financial institution of a check, draft or similar instrument drawn against insufficient funds; provided that such Indebtedness is extinguished within ten Business Days of its incurrence; 

(o) Indebtedness of the Company or any of the Restricted Subsidiaries consisting of (i) the financing of insurance premiums or (ii) take-or-pay obligations contained in supply arrangements in each case, incurred in the ordinary course of business; 

(p) obligations or commitments to public utilities or to any municipalities or governmental or other public authorities in connection with the
maintenance of or supply of services or utilities to the Company or any Restricted Subsidiary; 
 (q) endorsement of instruments or other
payment items by the Company or any Restricted Subsidiary for deposit; 
 (r) to the extent constituting Indebtedness, customer deposits and
advance payments (including progress premiums) received in the ordinary course of business from customers for goods purchased in the ordinary course of business; 

(s) Indebtedness incurred by a Restricted Subsidiary in connection with bankers’ acceptances or discounted bills of exchange for credit
management purposes, in each case incurred or undertaken consistent with past practice or in the ordinary course of business on arm’s length commercial term; 

(t) any Indebtedness arising under guarantees entered into pursuant to Section 2:403 of the Dutch Civil Code in respect of a Dutch Credit
Party and any residual liability with respect to such guarantees arising under Section 2:404 of the Dutch Civil Code; 

  
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 (u) any joint and several liability arising as a result of (the establishment) of a Dutch fiscal
unity (Nederlandse fiscale eenheid) between a Dutch Credit Party and one or more of its subsidiaries or its equivalent in any other relevant jurisdiction; 

(v) earnest money deposits required in connection with a purchase agreement, letter of intent, or other acquisitions to the extent not
otherwise prohibited by this Agreement; 
 (w) Indebtedness to an Unrestricted Subsidiary which Indebtedness is permitted as an Investment
pursuant to Section 9.05(v); 
 (x) (i) intercompany Indebtedness from the Company or any Restricted
Subsidiary to a Foreign Master Payer/Receiver and (ii) intercompany Indebtedness from a Foreign Master Payer/Receiver to the Company or any Restricted Subsidiary, in each case under this clause (x), for cash management purposes, incurred in the
ordinary course of business and consistent with past practices, so long as at the time of any such Indebtedness from a Credit Party to a Foreign Master Payer / Receiver or from a Foreign Master Payer/Receiver to a Credit Party no Event of Default
has occurred and is continuing and, if any Event of Default has occurred and is continuing, the Administrative Agent has not notified the Company that such Indebtedness is prohibited; 

(y) (i) intercompany Indebtedness from the Company or any Restricted Subsidiary to a U.S. Master Payer/Receiver and (ii) intercompany
Indebtedness from a U.S. Master Payer/Receiver to the Company or any Restricted Subsidiary, in each case under this clause (y), for cash management purposes, incurred in the ordinary course of business and consistent with past practices, so long as
at the time of any such Indebtedness from a Credit Party to a U.S. Master Payer/Receiver or from a U.S. Master Payer/Receiver to a Credit Party no Event of Default has occurred and is continuing and, if any Event of Default has occurred and is
continuing, the Administrative Agent has not notified the Company that such Indebtedness is prohibited; and 
 (z) unsecured Indebtedness
that is not included in any of the preceding clauses of this Section 9.04 in an aggregate principal amount (or accreted value, as applicable) at any time outstanding not to exceed $500,000,000. 

For purposes of determining compliance with this Section 9.04, in the event that an item of Indebtedness (or any portion thereof)
meets the criteria of more than one of the categories of permitted Indebtedness described in clauses (a) through (y) of this Section 9.04, the Company, in its sole discretion, may classify (but not reclassify) such
item of Indebtedness (or any portion thereof) as one or more types of Indebtedness described in the above clauses; provided that the Company will be entitled to divide and classify an item of Indebtedness in more than one of the types of
Indebtedness described under this Section 9.04. 
 Accrual of interest, the accretion of accreted value, the accretion or
amortization of original issue discount and the payment of interest in the form of additional principal Indebtedness, as the case may be, shall not be deemed to be an Incurrence or issuance of Indebtedness for purposes of this
Section 9.04. Notwithstanding anything herein to the contrary, no Credit Party shall, directly or indirectly, Incur any Indebtedness that is contractually subordinated or junior in right of payment to any other Indebtedness
of such Credit Party unless such Indebtedness is expressly subordinated in right of payment to the Obligations to the extent and in the same manner as such Indebtedness is subordinated to other Indebtedness of such Credit Party. 

  
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 9.05. Investments. Each of the Company and any Restricted Subsidiary shall not, directly
or indirectly, make or suffer to exist any Investment, except that the following Investments shall be permitted (each, a “Permitted Investment”): 

(a) (i) any Investment in the Company or any other Credit Party; and (ii) any Investment by any Restricted Non-Credit Party Subsidiary in any other Restricted Non-Credit Party Subsidiary; 

(b) Any Investment by the Company or any other Credit Party in any Restricted Non-Credit Party
Subsidiary; provided, that the aggregate outstanding amount of all Investments under this Section 9.05(b) does not exceed $50 million at any time outstanding; 

(c) any Investment in Cash Equivalents in the ordinary course of business; 

(d) any Investment, subject to compliance with the Payment Conditions at the time of the making of such Investment; 

(e) any Investment constituting a Permitted Acquisition; provided that (i) the aggregate amount of Permitted Acquisition
Consideration relating to all such Permitted Acquisitions made or provided by a Credit Party to acquire any Restricted Subsidiary that does not become a Credit Party or merge, consolidate or amalgamate into a Credit Party or any assets that shall
not, immediately after giving pro forma effect to such Permitted Acquisition, be owned by a Credit Party, shall not exceed $10,000,000 and (ii) if any Investment pursuant to this clause (e) is made in any Person that is not a Credit Party
at the date of the making of such Investment and such Person becomes a Credit Party after such date, such Investment shall thereafter be deemed to have been made pursuant to clause (a) above and shall cease to have been made pursuant to this
clause (e); 
 (f) other Investment in Subsidiaries that are not Credit Parties or in Foreign Credit Parties or FSHCO Guarantors so long
as (i) such Investments are part of a series of transactions that results in all proceeds of the intercompany Investments being invested substantially contemporaneously in (or distributed to) any Borrower or any Guarantor or (ii) such
Investments constitute intercompany Investments, reorganizations and related activities related to tax planning and reorganization so long as after giving effect thereto (A) there is no material negative cash impact on any Credit Party and
(B) the Lien of the Secured Creditors on the Collateral, taken as a whole, is not impaired in any material respect; 
 (g) any
Investment existing on the Initial Closing Date or made pursuant to binding commitments in effect on the Initial Closing Date, in each case as listed on Schedule 9.05(g) or an Investment consisting of any extension,
modification or renewal of any such Investment or binding commitment; provided that the amount of any such Investment (or the Investment arising from such binding commitment) may be increased in such extension, modification or renewal only
(i) as required by the terms of such Investment or binding commitment as in existence on the Initial Closing Date (including as a result of the accrual or accretion of interest or original issue discount or the issuance of pay-in-kind securities) or (ii) as otherwise permitted under this Section 9.05; 

  
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 (h) any Investment consisting of ownership of securities or other assets not constituting Cash
Equivalents received in connection with any Disposition permitted under Section 9.02; 
 (i) guarantees of
Indebtedness permitted under Section 9.04, and performance guarantees and Contingent Obligations incurred in the ordinary course of business or consistent with past practice; 

(j) (i) advances to, or guarantees of Indebtedness of, employees not in excess of $1,000,000 outstanding at any one time, in the
aggregate; and (ii) loans and advances to employees, directors, officers, managers, distributors and consultants for business-related travel expenses, moving expenses and other similar expenses or payroll advances, in each case incurred in the
ordinary course of business or consistent with past practices or to fund such Person’s purchase of Equity Interests of the Company; 

(k) extensions of trade credit, or similar advances or loans to suppliers, in the ordinary course of business or consistent with past practice
of the Company or any of the Restricted Subsidiaries; 
 (l) Investments in the ordinary course of business or consistent with past practice
consisting of UCC Article 3 endorsements for collection of deposit and Article 4 customary trade arrangements with customers consistent with past practices; 

(m) Investments received in compromise or resolution of litigation, arbitration or other disputes; 

(n) Investments by the Company and the Restricted Subsidiaries consisting of deposits, prepayment and other credits to suppliers or lessors in
the ordinary course of business; 
 (o) any Investment acquired by the Company or any of the Restricted Subsidiaries (i) 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, (ii) in exchange for any other Investment or accounts receivable, endorsements for
collection or deposit held by the Company or any such Restricted Subsidiary in connection with or as a result of a bankruptcy, workout, reorganization or recapitalization of the issuer of such other Investment or accounts receivable (including any
trade creditor or customer) or (iii) as a result of a foreclosure by the Company or any of the Restricted Subsidiaries with respect to any secured Investment or other transfer of title with respect to any secured Investment in default; 

(p) Investments made with Qualified Equity Interests or proceeds of Qualified Equity Interests of the Company, in each case, provided that any
such Investment is not later than 90 days after the receipt of proceeds of the issuance of such Qualified Equity Interests or receipt of the proceeds thereof and solely with such proceeds; 

  
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 (q) Investments consisting of purchases and acquisitions of inventory, supplies, material,
services, equipment or other assets or purchases of contract rights or licenses or contributions of Intellectual Property, in each case, in the ordinary course of business or consistent with past practice; 

(r) obligations or commitments to public utilities or to any municipalities or governmental or other public authorities in connection with the
maintenance of or supply of services or utilities to the Company or any Restricted Subsidiary; 
 (s) Investments in prepaid expenses,
negotiable instruments held for collection and lease, utility and workers compensation, performance and similar deposits entered into as a result of the operations of the business in the ordinary course of business or consistent with past practice;

 (t) Investments (including debt obligations and Equity Interests) received in connection with the bankruptcy or reorganization of
suppliers and customers or in settlement of delinquent obligations of, or other disputes with, customers and suppliers arising in the ordinary course of business or consistent with past practice or upon the foreclosure with respect to any secured
Investment or other transfer of title with respect to any secured Investment; 
 (u) Investments by the Company and its Restricted
Subsidiaries not otherwise permitted under this Section 9.05; provided that (i) at the time of any such Investment, no Default or Event of Default shall exist or would result from such Investment and
(ii) such Investments, together with the aggregate amount of all Investments permitted under Section 9.05(v), shall not exceed $225,000,000 in the aggregate during the term of this Agreement; 

(v) Investments in Unrestricted Subsidiaries in an aggregate amount during the term of this Agreement, together with the aggregate amount of
all Investments permitted under Section 9.05(u), not to exceed $225,000,000; provided, that at the time of any such Investment, no Default or Event of Default shall exist or would result from such Investment; 

(w) Investments with respect to Supplier Financing Transactions permitted pursuant to Section 9.02(o); 

(x) intercompany Investments resulting from allocations of corporate overhead, purchases and sale of inventory, supplies, material, services,
equipment or other assets, booking of intercompany royalties related to Intellectual Property, and similar transactions, in each case, in the ordinary course of business and consistent with past practice; 

(y) Investments in the form of intercompany Indebtedness permitted pursuant to Sections 9.04(x) or 9.04(y);
and 
 (z) Investments arising with respect to any Hedging Agreement (excluding Hedging Agreements entered into for speculative purposes).

 For purposes of this Section 9.05, in the event that a proposed Investment (or portion thereof) meets the criteria of more than
one of the categories of Permitted Investments described in clauses (a) through (z) above, the Company will be entitled to classify (but not reclassify such Investment (or portion thereof)) in one or more of such categories set forth
above. 

  
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 9.06. Transactions with Affiliates. Each of the Company and any Restricted Subsidiary
shall not make any payment to, or sell, lease, transfer or otherwise dispose of any of its properties or assets to, or purchase any property or assets from, or enter into or make or amend any transaction, contract, agreement, understanding, loan,
advance or guarantee with, or for the benefit of, any Affiliate of the Company (each of the foregoing, an “Affiliate Transaction”), other than: 

(a) any such Affiliate Transaction on terms that are not materially less favorable to the Company or any such Restricted Subsidiary than those
that would have been obtained in a comparable transaction by the Company or such Restricted Subsidiary with an unrelated Person on an arm’s-length basis; 

(b) Affiliate Transactions between or among the Company or any of the Restricted Subsidiaries or any entity that becomes a Restricted
Subsidiary as a result of such transaction, in each case to the extent not otherwise prohibited by this Agreement; 
 (c) Restricted Payments
permitted by Section 9.03; 
 (d) (i) employment agreements, employee benefit and incentive compensation plans
and arrangements and (ii) the payment of reasonable fees, expenses and compensation to, and indemnities and reimbursements and employment and severance arrangements provided on behalf of or for the benefit of, current, former or future
employees, directors, officers, managers, distributors or consultants of the Company or any of the Restricted Subsidiaries, in the case of each of the immediately preceding clauses (i) and (ii), to the extent customary and entered into in the
ordinary course of business; 
 (e) the issuance or transfer of Qualified Equity Interests of the Company to any director, officer, employee
or consultant to the extent not otherwise prohibited hereunder; 
 (f) payments by the Company and the Restricted Subsidiaries to any future,
current or former employee, director, officer, manager or consultant of the Company or any of its Subsidiaries pursuant to any management equity plan or stock option plan or any other management or employee benefit plan or agreement or any stock
subscription or shareholder agreement that are, in each case, approved by the Company in good faith in the ordinary course of business; and any employment agreements, stock option plans and other compensatory arrangements (and any successor plans
thereto) and any supplemental executive retirement benefit plans or arrangements with such employees, directors, officers, managers or consultants which, in each case, are approved by the Company in good faith in the ordinary course of business;

 (g) the pledge of Equity Interests of any Unrestricted Subsidiary; 

(h) any agreement or arrangement as in effect as of the Initial Closing Date and identified on Schedule 9.06(h)
hereto, or any amendment thereto (so long as any such amendment is not disadvantageous in any material respect to the Lenders when taken as a whole as compared to the applicable agreement as in effect on the Initial Closing Date); and 

  
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 (i) Intellectual Property licensing arrangements with joint ventures, so long as with respect to
any of the Intellectual Property which is subject to such licensing arrangements and is a Borrowing Base Assets such licensing arrangements do not materially interfere with the ability of the Administrative Agent or the Lenders to dispose of
Borrowing Base Assets. 
 9.07. Modifications of Debt Documents, Certificate of Incorporation,
By-Laws and Certain Other Agreements, etc. Each of the Company and any Restricted Subsidiary shall not: 

(a) amend or modify any provision of any Senior Unsecured Note Document or any Junior Debt Document, to the extent that any such amendment or
modification, taken as a whole, would be materially adverse to the interests of the Administrative Agent or the Lenders; or 
 (b) amend,
modify or change its certificate or articles of incorporation (including, without limitation, by the filing or modification of any certificate or articles of designation), certificate of formation, limited liability company agreement or by-laws (or the equivalent organizational documents in the relevant jurisdiction), as applicable, to the extent that any such amendment, modification or change, taken as a whole, would be materially adverse to the
interests of the Administrative Agent or the Lenders. 
 9.08. Burdensome Agreements. 

(a) The Company shall not, and shall not permit any Restricted Non-Credit Party Subsidiary to, directly
or indirectly, create or otherwise cause or suffer to exist or become effective any consensual encumbrance or consensual restriction, in either case, on the ability of any such Restricted Non-Credit Party
Subsidiary to (i) pay dividends or make any other distributions to any Credit Party on its Capital Stock or with respect to any other interest or participation in, or measured by, its profits or owned by the Company or any Restricted
Subsidiary, (ii) pay any Indebtedness owed to any Credit Party; (iii) make loans or advances to any Credit Party; or (iv) sell, lease or transfer any of its properties or assets to the Company or any Restricted Subsidiary; other
than encumbrances or restrictions existing under or by reason of (A) applicable Requirements of Law; (B) this Agreement and the other Credit Documents; (C) contractual encumbrances or restrictions pursuant to the Senior Unsecured
Note Indentures and any permitted Junior Debt Documents; (D) any agreement or other instrument of a Person acquired by or merged, amalgamated, or consolidated with or into the Company or any such Restricted Subsidiary in existence at the time
of such acquisition or at the time it merges, amalgamates, or consolidates with or into the Company or any such Restricted Subsidiary or assumed in connection with the acquisition of assets from such Person (but, in any such case, not created in
contemplation thereof), which encumbrance or restriction is not applicable to any Person, or the properties or assets of any Person, other than the Person so acquired and its Subsidiaries, or the property or assets of the Person so acquired and its
Subsidiaries or the property or assets so acquired; (E) contracts for the sale of assets permitted hereunder, including customary restrictions with respect to a Subsidiary of the Company pursuant to an agreement that has been entered into for
the sale or disposition of all or substantially all of the Capital Stock or assets of such Subsidiary; (F) Indebtedness and Liens otherwise permitted to be incurred 

  
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pursuant to Section 9.01 and Section 9.04 to the extent not materially more restrictive than the provisions contained in the Credit Documents;
(G) customary provisions in joint venture agreements and other similar agreements or arrangements relating solely to such joint venture; (H) customary provisions contained in contracts, leases,
sub-leases, licenses, sub-licenses or similar agreements, including with respect to intellectual property and other agreements, in each case, entered into in the
ordinary course of business; (I) restrictions or conditions contained in any trading, netting, operating, construction, service, supply, purchase, sale or other agreement to which the Company or any Restricted Subsidiary is a party entered into
in the ordinary course of business; provided that such agreement prohibits the encumbrance of solely the property or assets of the Company or such Restricted Subsidiary that are the subject to such agreement, the payment rights arising thereunder or
the proceeds thereof and does not extend to any other asset or property of the Company or such Restricted Subsidiary or the assets or property of another Restricted Subsidiary; (J) customary provisions restricting subletting or assignment of
any lease governing any leasehold interest of the Company or any Restricted Subsidiary; and (K) restrictions on cash or other deposits or net worth imposed by customers, lenders, suppliers or other third parties under contracts entered into in
the ordinary course of business. 
 (b) The Company and the Restricted Subsidiaries shall not enter into any consensual encumbrance or
consensual restriction, in either case, that limits the ability of any Credit Party to guarantee the Indebtedness of the Company under this Agreement or any other Loan Document or create, incur, assume or suffer to exist Liens on property of such
Credit Party under this Agreement or any other Credit Document; other than encumbrances or restrictions existing under or by reason of (A) applicable Requirements of Law; (B) this Agreement and the other Credit Documents;
(C) contractual encumbrances or restrictions pursuant to the Senior Unsecured Note Indentures and any permitted Junior Debt Documents; (D) any agreement or other instrument of a Person acquired by or merged, amalgamated, or consolidated
with or into the Company or any Restricted Subsidiary in existence at the time of such acquisition or at the time it merges, amalgamates, or consolidates with or into the Company or any Restricted Subsidiary or assumed in connection with the
acquisition of assets from such Person (but, in any such case, not created in contemplation thereof), which encumbrance or restriction is not applicable to any Person, or the properties or assets of any Person, other than the Person so acquired and
its Subsidiaries, or the property or assets of the Person so acquired and its Subsidiaries or the property or assets so acquired; (E) contracts for the sale of assets permitted hereunder, including customary restrictions with respect to a
Subsidiary of the Company pursuant to an agreement that has been entered into for the sale or disposition of all or substantially all of the Capital Stock or assets of such Subsidiary; (F) Indebtedness otherwise permitted to be incurred
pursuant to Section 9.04 to the extent not materially more restrictive than the provisions contained in the Credit Documents; (G) Permitted Liens to the extent only restricting Liens on assets other than Collateral;
(H) customary provisions in joint venture agreements and other similar agreements or arrangements relating solely to such joint venture; (I) customary provisions contained in contracts, leases,
sub-leases, licenses, sub-licenses or similar agreements, including with respect to intellectual property and other agreements, in each case, entered into in the
ordinary course of business; (J) restrictions or conditions contained in any trading, netting, operating, construction, service, supply, purchase, sale or other agreement to which the Company or any Restricted Subsidiary is a party entered into
in the ordinary course of business; provided that such agreement prohibits the encumbrance of solely the property or assets of the Company or such Restricted Subsidiary that are the subject to such agreement, the payment rights arising thereunder or
the proceeds 

  
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thereof and does not extend to any other asset or property of the Company or such Restricted Subsidiary or the assets or property of another Restricted Subsidiary; (K) customary provisions
restricting subletting or assignment of any lease governing any leasehold interest of the Company or any Restricted Subsidiary; and (L) restrictions on cash or other deposits or net worth imposed by customers, lenders, suppliers or other third
parties under contracts entered into in the ordinary course of business. 
 (c) The Company and the Restricted Subsidiaries shall not enter
into any Contractual Obligation that requires the grant of a Lien to secure an obligation of such Person if a Lien is granted to secure another obligation of such Person. 

9.09. Business; Fiscal Year. 

(a) The Company and the Restricted Subsidiaries, taken as a whole, shall not fundamentally and substantively alter the character of their
business, taken as a whole, from the business conducted by the Company and the Restricted Subsidiaries, taken as a whole, on the Initial Closing Date and other business activities that are reasonably similar, ancillary, complementary or related to,
or a reasonable extension, development or expansion of, such business. 
 (b) The Company shall not change its fiscal year; provided
that the Company may (i) upon written notice to, and consent by, the Administrative Agent, change the financial reporting convention specified above to any other financial reporting convention reasonably acceptable to the Administrative Agent,
in which case the Company and the Administrative Agent will, and are hereby authorized by the Lenders to, make any adjustments to this Agreement that are necessary in order to reflect such change in financial reporting; and (ii) change its
fiscal year to a year ending on the last day of any calendar month other than December. 
 9.10. Liabilities of Initial Dutch
Borrower. Initial Dutch Borrower shall not incur any third party trade payables other than those arising from (a) the purchase of Inventory from Purchasing Agent and (b) the transportation of such Inventory from the point of purchase
to the country to which such Inventory is shipped, including freight, duty, customs clearance, and storage charges, unless the Initial Dutch Borrower shall have provided the Administrative Agent with sufficient information, through financial
statements delivered in accordance with this Agreement or otherwise, to permit the Administrative Agent to establish a Rent Reserve or Initial Dutch Borrower Payables Reserve (as applicable) in respect of any such third party trade payables. 

9.11. Merger, Consolidation or Sale of All or Substantially All Assets. 

(a) The Company shall not consolidate, amalgamate or merge with or into or wind up into (whether or not the Company is the surviving Person),
or sell, assign, transfer, lease, convey or otherwise dispose of all or substantially all of its properties or assets, in one or more related transactions, to any Person, unless: 

  
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 (i) in the case of any such consolidation, amalgamation, merger, winding up or
sale, assignment, transfer, lease, conveyance or other disposition of all or substantially all of the assets or properties of the Company, the Company is the surviving Person or the Person formed by or surviving any such consolidation, amalgamation
or merger (if other than the Company) or to which such sale, assignment, transfer, lease, conveyance or other disposition shall have been made, is a Person organized or existing under the law of the United States, any state thereof, the District of
Columbia, or any territory thereof (such surviving Person being herein called the “Successor Company”); 

(ii) the Successor Company (if other than the Company) expressly assumes all the obligations of the Company under this
Agreement and the other applicable Credit Documents pursuant to an assumption agreement hereto or thereto in form reasonably satisfactory to the Administrative Agent; 

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

(iv) any Guarantee provided by the Company or any other Credit Party (in each case other than a Credit Party that is
consolidated, amalgamated, or merged into the Company) shall remain in full force and effect; 
 (v) any security interests
and Liens granted to the Collateral Agent or the Australian Security Trustee for the benefit of the Secured Creditors in and on the assets of the Company or any other Credit Party shall remain in full force and effect and perfected and enforceable
(to at least the same extent as in effect immediately prior to such merger, consolidation, amalgamation, winding up or sale, assignment, transfer, lease, conveyance or other disposition of all or substantially all of the assets or properties); and

 (vi) with respect to any transaction in which the Successor Company is the surviving entity, the Administrative Agent
shall have received from the Successor Company such legal opinions, acknowledgements, and reaffirmations of the Credit Parties or other documents as it shall reasonably request confirming the foregoing. 

(b) Except as permitted by Section 9.02, no Credit Party (other than the Company) may consolidate, amalgamate or
merge with or into or wind up into (whether or not such Credit Party, is the surviving or continuing Person and to the extent possible under applicable law), in one or more related transactions, any Person, unless: 

(i) such Credit Party is the surviving or continuing Person or the Person formed by, surviving or continuing following any such
consolidation, amalgamation or merger (if other than such Credit Party) or to which such Disposition shall have been made, is a Person organized, incorporated or existing under the law of the jurisdiction of organization or incorporation of such
Credit Party, or, in the case of any such Credit Party that is a Domestic Subsidiary, the laws of the United States, any state thereof, the District of Columbia, or any territory thereof or, in the case of any such Credit Party that is a Canadian
Subsidiary, the laws of Canada or any province or territory thereof, or, in the case of any such Credit Party that is a French Subsidiary, the law of France, or, in the case of any such Credit Party that is a Spanish Subsidiary, the law of Spain,
or, in the case of any such Credit Party that is a European (GNU) Subsidiary organized under the 

  
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law of the Netherlands, the law of the Netherlands, or, in the case of any such Credit Party that is a European (GNU) Subsidiary incorporated under the laws of a jurisdiction of the United
Kingdom, the law of that jurisdiction of the United Kingdom, or, in the case of any such Credit Party that is a European (GNU) Subsidiary organized under the law of Germany, the law of Germany, or, in the case of any such Credit Party that is an
Australian Subsidiary, the law of Australia or any state thereof (such surviving Person, as the case may be, being herein called a “Successor Person”); 

(ii) the Successor Person (if other than such Credit Party) expressly assumes all the obligations of such Credit Party under
this Agreement and the other applicable Credit Documents pursuant to an assumption agreement hereto or thereto in form reasonably satisfactory to the Administrative Agent; 

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

(iv) any Guarantee provided by such Credit Party shall remain in full force and effect; 

(v) any security interests and Liens granted to the Collateral Agent and the Australian Security Trustee for the benefit of the
Secured Creditors in and on the assets of such Credit Party shall remain in full force and effect and perfected and enforceable (to at least the same extent as in effect immediately prior to such merger, consolidation, amalgamation, winding up or
sale, assignment, transfer, lease, conveyance or other disposition of all or substantially all of the assets or properties); and 

(vi) with respect to any transaction in which the Successor Person is the surviving entity, the Administrative Agent shall have
received from the Company such legal opinions, acknowledgements, and reaffirmations of the Credit Parties or other documents as it shall reasonably request confirming the foregoing. 

(c) Notwithstanding Sections 9.11(a)(iii) or 9.11(b)(iii): 

(i) any Restricted Subsidiary that is not a Subsidiary Guarantor may consolidate or amalgamate with or merge with or into or
transfer all or part of its properties and assets to the Company or any Restricted Subsidiary; and 
 (ii) any Subsidiary
Guarantor may consolidate or amalgamate with or merge with or into or transfer all or part of its properties and assets to the Company, any Borrower or any Subsidiary Guarantor (or to a Restricted Subsidiary that is not a Subsidiary Guarantor if
that Restricted Subsidiary becomes a Subsidiary Guarantor). 
 (d) Upon any consolidation, amalgamation or merger, or any sale, assignment,
transfer, lease, conveyance or other disposition of all or substantially all of the assets of any Credit Party in accordance with Sections 9.11(a) or 9.11(b), the Successor Company or Successor Person, as applicable, formed by such
consolidation or into or with which such Credit Party is merged or amalgamated or to which such sale, assignment, transfer, lease, conveyance or other disposition is made shall succeed to, and be substituted for (so that from and after the date of
such consolidation, amalgamation, merger, sale, lease, conveyance or other disposition, the 

  
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provisions of this Agreement referring to such Company or such other Credit Party, as applicable, shall refer instead to the Successor Company or Successor Person, as applicable, and not to such
Company or such other Credit Party), and may exercise every right and power of such Company or such other Credit Party, as applicable, as applicable, under this Agreement with the same effect as if such successor Person had been named as the Company
or such other Credit Party, as applicable, herein; provided that a predecessor Credit Party shall not be relieved from the obligation to pay the Obligations except in the case of a sale, assignment, transfer, conveyance or other disposition
of all of such predecessor Credit Party’s assets that meets the requirements of Sections 9.11(a) or 9.11(b), as applicable. 

9.12. Financial Covenant. The Company will not permit its Consolidated Fixed Charge Coverage Ratio for any Test Period to be lower than
1.00 to 1.00; provided that such Consolidated Fixed Charge Coverage Ratio will only be tested as of the last day of the Test Period ending immediately prior to the date on which a Financial Covenant Triggering Event shall have occurred and
shall continue to be tested as of the last day of each Test Period thereafter until such Financial Covenant Triggering Event is no longer continuing. 

9.13. Canadian Pension Plans. No Credit Party shall: 

(a) establish, sponsor, maintain, contribute or have any liability or obligation under any Canadian Defined Benefit Pension Plan governed by
the laws of the Province of Ontario or any Canadian MEPP; or 
 (b) consummate any transaction that would result in any Person not already a
Subsidiary becoming a Material Subsidiary if such Person sponsors, maintains or contributes or has any liability or obligation under one or more Canadian Defined Benefit Pension Plans governed by the laws of the Province of Ontario or any Canadian
MEPP, without the prior consent of the Administrative Agent. 
 9.14. 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 be otherwise within the limitations of, another covenant shall not avoid the
occurrence of an Event of Default or Default if such action is taken or condition exists. 
 Section 10. Events of Default and
Remedies. 
 10.01. Events of Default. Upon the occurrence of any of the following specified events (each, an “Event of
Default”): 
 (a) Payments. Any Borrower shall (i) default in the payment when due of any principal of any Loan or any
Note or (ii) default, and such default shall continue unremedied for five or more Business Days, in the payment when due of any interest on any Loan or Note, or any Fees or any other amounts owing hereunder or under any other Credit Document;
or 
 (b) Representations, etc. Any representation, warranty or statement made or deemed made by any Credit Party herein or in any
other Credit Document or in any certificate delivered to the Administrative Agent or any Lender pursuant hereto or thereto shall prove to be untrue in any material respect (without duplication of any materiality standard set forth in any such
representation or warranty) on the date as of which made or deemed made; or 

  
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 (c) Covenants. The Company or any Restricted Subsidiary shall (i) default in the due
performance or observance by it of any term, covenant or agreement contained in Sections 8.01(a) through 8.01(k), 8.04(a) (as to the existence of the Company), 8.12, 8.16, 8.20(c) or
Section 9 (other than Section 9.13), (ii) fail to deliver a Borrowing Base Certificate required to be delivered pursuant to Section 8.20(a) within five (5) Business
Days of the date such Borrowing Base Certificate is required to be delivered (other than during the occurrence of a Weekly Reporting Event, in which case such period shall be two (2) Business Days), (iii) default in the due performance or
observance by it of any other term, covenant or agreement contained in this Agreement or in any other Credit Document (other than those set forth in Sections 10.01(a) and 10.01(b)), and such default shall continue unremedied for a
period of 30 days after the earlier of (x) written notice thereof is received by the Company from the Administrative Agent or the Required Lenders or (y) a Responsible Officer of such defaulting party gains knowledge of such default; or

 (d) Default Under Other Agreements. (i) The Company or any Restricted Subsidiary shall (x) fail to make any payment of
any Indebtedness (other than the Obligations) beyond the period of grace, if any, provided in an instrument or agreement under which such Indebtedness was created or (y) fail to observe or perform any agreement or condition relating to any
Indebtedness (other than the Obligations) or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event shall occur or condition exist, the effect of which failure or other event or condition 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) to cause (determined without regard to whether any notice is required), any such Indebtedness to become due prior to its stated
maturity, or (ii) any Indebtedness (other than the Obligations) of the Company or any Restricted Subsidiary shall be declared to be (or shall become) due and payable prior to the stated maturity thereof; provided that, (A) it shall
not be a Default or an Event of Default under this Section 10.01(d) unless the principal amount of any Indebtedness as described in preceding clauses (i) and (ii) is at least equal to the Threshold Amount and
(B) the preceding clauses (i) and (ii) of this Section 10.01(d) shall not apply to (x) Indebtedness that becomes due as a result of a sale, transfer or other disposition (including as a result of a
Casualty Event) of the property or assets securing such Indebtedness, if such sale, transfer or other disposition is otherwise permitted hereunder, (y) any Indebtedness permitted to exist or be incurred under the terms of this Agreement that is
required to be repurchased, prepaid, defeased or redeemed in connection with any asset sale event, casualty or condemnation event, change of control (without limiting the rights of the Administrative Agent and the Lenders under
Section 10.01(j)), excess cash flow or other customary provision in such Indebtedness giving rise to such requirement to prepay, defease, repurchase or redeem in the absence of any default thereunder or
(z) Indebtedness in respect of any Hedging Agreement in an amount in excess of the Threshold Amount that becomes due pursuant to a termination event or equivalent event (other than an event that, pursuant to the terms of such Hedging Agreement,
constitutes a default or event of default in accordance with the terms thereof ) under the terms of such Hedging Agreement; or 

  
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 (e) Bankruptcy, etc. 

(i) The Company or any Material Subsidiary (other than an Australian Credit Party) shall, to the extent applicable, commence a
voluntary case or proceeding concerning itself under Title 11 of the United States Code entitled “Bankruptcy,” as now or hereafter in effect, or any successor thereto (the “Bankruptcy Code”) or commence any analogous case,
proceeding, step or procedure under any other Debtor Relief Law of any jurisdiction; or an involuntary case or proceeding under the Bankruptcy Code or under any other Debtor Relief Law is commenced against the Company or any Material Subsidiary in
any jurisdiction, and the petition or proceeding is not controverted within 30 days, or is not dismissed within 60 days, after commencement of the case or proceeding; or a custodian (as defined in the Bankruptcy Code), receiver, interim receiver,
receiver-manager, trustee, liquidator, administrator, monitor or similar officer is appointed for, or takes charge of, all or substantially all of the property of the Company or any Material Subsidiary, or there is commenced against the Company or
any Material Subsidiary any such proceeding which remains undismissed for a period of 60 days, or the company or any Material Subsidiary is adjudicated, or is deemed for purposes of any applicable Debtor Relief Law to be, insolvent or bankrupt; or
any order of relief or other order approving any such case or proceeding is entered; or the Company or any Material Subsidiary suffers any appointment of any custodian, receiver, interim receiver, receiver-manager, trustee, liquidator,
administrator, monitor or the like for it or any substantial part of its property to continue undischarged or unstayed for a period of 60 days; or the Company or any Material Subsidiary makes a general assignment for the benefit of creditors; or any
corporate, limited liability company or similar action is taken by the Company or any Material Subsidiary for the purpose of effecting any of the foregoing; or 

(ii) A U.K. Credit Party (A) is unable or admits its inability to pay its debts as they fall due; (B) suspends making
payments on any of its debts; (C) by reason of actual or anticipated financial difficulties, commences negotiations with one or more of its creditors with a view to rescheduling any of its indebtedness, or (D) in respect of any U.K. Credit
Party, the value of its assets is less than the value of its liabilities (taking into account contingent and prospective liabilities or moratorium or other protection from its creditors is declared or imposed in respect of any of its indebtedness);
or 
 (iii) In respect of an Australian Credit Party, (x) any corporate action, legal proceedings or other procedure or
step is taken in relation to (A) the suspension of payments, a moratorium of any indebtedness, winding-up, dissolution, administration or reorganization (by way of voluntary arrangement, scheme of
arrangement or otherwise) of the Australian Credit Party except an application made to a court for the purpose of winding up such a person which is disputed by the Australian Credit Party acting diligently and in good faith and dismissed within
20 Business Days (or a reorganization by way of voluntary arrangement, scheme of arrangement or otherwise whilst solvent and with the consent of the Administrative Agent); (B) a composition, compromise, assignment or arrangement with any
creditor of the Australian Credit Party; (C) the appointment of a Controller, liquidator, receiver, administrative receiver, administrator, compulsory manager or other similar officer in respect of the Australian Credit Party or any of its
assets except on application made to a court for the purpose of appointing such 

  
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a person which is disputed by the Australian Credit Party acting diligently and in good faith and dismissed within 20 Business Days (or in connection with a reorganization by way of
voluntary arrangement, scheme of arrangement or otherwise whilst solvent and with the consent of the Administrative Agent); (D) enforcement of any Lien over any assets of the Australian Credit Party; or (y) it (A) is or is presumed or deemed to
be unable or admits inability to pay its debts as they fall due; (B) suspends making payments on any of its debts; (C) by reason of actual or anticipated financial difficulties, commences negotiations with one or more of its creditors
(excluding any Secured Creditor in its capacity as such) with a view to rescheduling any of its indebtedness; or (z) a moratorium is declared in respect of any indebtedness of that Australian Credit Party; or 

(f) ERISA; Dutch Works Councils Act. (a) (i) An ERISA Event occurs that has resulted in or could reasonably be expected to result
in a Material Adverse Effect; or (ii) the Company 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 such failure could reasonably be expected to result in a Material Adverse Effect, (b) a Foreign Pension Plan has failed to comply with, or be funded in accordance with, applicable Requirement of Law which
has resulted or could reasonably be expected to result in a Material Adverse Effect, (c) a Dutch Works Councils Act Event has occurred and has resulted or could reasonably be expected to result in a Material Adverse Effect, (d) any Lien
arises (except for contribution amounts not yet due) in respect of a Credit Party in connection with any Canadian Pension Plan which may reasonably be expected to have a Material Adverse Effect, or (e) the Pensions Regulator issues a Financial
Support Direction or a Contribution Notice to a U.K. Credit Party asserting a liability in excess of the Threshold Amount; or 
 (g)
Credit Documents. (i) Any Credit Document shall cease to be, or shall be asserted in writing by any Borrower or any Restricted Subsidiary not to be, a legal, valid and binding obligation of any party thereto, other than as a result of
acts or omissions by the Administrative Agent, the Collateral Agent, the Australian Security Trustee or any Lender or upon the occurrence of the Payment in Full Date or (ii) any of the Security Documents shall for any reason cease to be in full
force and effect (other than as a result of acts or omissions by the Administrative Agent, the Collateral Agent, the Australian Security Trustee or any Lender or the occurrence of the Payment in Full Date), or shall cease to give the Collateral
Agent or the Australian Security Trustee for the benefit of the Secured Creditors the Liens, rights, powers and privileges purported to be created thereby (including, without limitation (to the extent provided therein), a perfected (or the
equivalent with respect to the Canadian Credit Parties, French Credit Parties, Spanish Credit Parties, European (GNU) Credit Parties and Australian Credit Parties under applicable Requirements of Law) security interest in, and Lien on, all of the
Collateral (other than immaterial Collateral), in favor of the Collateral Agent or the Australian Security Trustee, superior to and prior to the rights of all third Persons (subject to (x) the Collateral and Guarantee Requirement and
(y) any Lien permitted by Section 9.01), and subject to no other Liens (except as permitted by Section 9.01) other than (x) as a result of a release of Collateral or any Guarantor
permitted under Section 12.13, (y) as a result of the failure of the Administrative Agent or the Collateral Agent or the Australian Security Trustee to (1) maintain possession of any stock certificates, promissory
notes or other instruments actually delivered to it under the 

  
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Credit Documents or (2) file initial UCC or PPSA financing statements; provided that it shall not be a Default or Event of Default under this
Section 10.01(g) if the Credit Document or Security Document at issue was not required by virtue of the requirements of the Collateral and Guarantee Requirement to have been executed and delivered by any Credit Party; or

 (h) Guarantees. Any Credit Party Guarantee or any provision thereof shall cease to be in full force or effect as to any Credit
Party, or any Guarantor shall deny or disaffirm such Credit Party’s obligations under the Credit Party Guarantee to which it is a party, in each case other than as a result of a release permitted pursuant to
Section 12.13; or 
 (i) Judgments. One or more judgments or decrees for the payment of money shall be
entered against the Company or any Restricted Subsidiary involving in the aggregate for the Company and any Restricted Subsidiary a liability or liabilities (not paid or fully covered by a reputable and solvent insurance company (as determined in
good faith by the Company) and such judgments and decrees either shall be final and non-appealable and not satisfied or shall not be vacated, discharged or stayed or bonded pending appeal for any period of 60
consecutive days), and the aggregate amount of all such judgments and decrees for the payment of money (to the extent not paid or fully covered by such insurance company) equals or exceeds the Threshold Amount; or 

(j) Change of Control. A Change of Control with respect to the Company shall occur; 

then and in any such event, and at any time thereafter, if any Event of Default shall then be continuing, the Administrative Agent may, and upon the written
request of the Required Lenders, shall, take any or all of the following actions, without prejudice to the rights of the Administrative Agent, any Lender or the holder of any Note to enforce its claims against any Credit Party (provided that,
if an Event of Default specified in Section 10.01(e) shall occur with respect to any Credit Party, the result which would occur upon the giving of written notice by the Administrative Agent as specified in clauses
(i) and (ii) below shall occur automatically without the giving of any such notice): (i) declare the Revolving Commitments terminated, whereupon all Commitments of each Lender shall forthwith terminate immediately; (ii) declare the
principal of and any accrued interest in respect of all Loans and the Notes owing hereunder and thereunder to be, whereupon the same shall become, forthwith due and payable without presentment, demand, protest or other notice of any kind, all of
which are hereby waived by each Credit Party; (iii) enforce, as Collateral Agent or Australian Security Trustee, all of the Liens and security interests created pursuant to the Security Documents; (iv) enforce each Credit Party Guarantee,
(v) terminate, reduce or condition any Revolving Commitment, or make any adjustment to the Borrowing Base (including, for the avoidance of doubt, the Dutch Borrowing Base, the U.K. Borrowing Base, the German Borrowing Base and the Spanish
Borrowing Base) and (vi) require the Credit Parties to Cash Collateralize LC Obligations, and, if the Credit Parties fail promptly to deposit such Cash Collateral, the Administrative Agent may (and shall upon the direction of Required Revolving
A Lenders) advance the required Cash Collateral as Revolving A Loans (whether or not an Overadvance exists or is created thereby, or the conditions in Section 6.01 are satisfied). 

  
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 10.02. Application of Funds. After the exercise of remedies provided for above (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 above): 

(a) any amounts received on account of the Domestic Obligations (other than amounts received on account of the Revolving B Obligations further
to the enforcement of any Revolving B Collateral) 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, the Collateral Agent and its agents and counsel, and all expenses, liabilities and advances made or incurred by the Administrative Agent or the Collateral Agent in connection therewith (other than in respect of Secured Bank Product
Obligations, any FILO Revolving Loans or any Revolving B Loans); 
 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 Creditors in connection therewith (other than in respect of Secured Bank Product Obligations, any FILO Revolving Loans or any Revolving B Loans); 

Third, to interest then due and payable on the U.S. Swingline Loans; 

Fourth, to the principal balance of the U.S. Swingline Loans and U.S. Protective Advances outstanding until the same has
been prepaid in full; 
 Fifth, to interest then due and payable on all U.S. Revolving A Loans (other than any FILO
Revolving Loans) and other amounts due and payable by the U.S. Credit Parties pursuant to Sections 3.01, 3.02 and 4.01; 

Sixth, to Cash Collateralize all U.S. 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 all U.S. Revolving
A Loans (other than any FILO Revolving Loans) then outstanding pro rata; 
 Eighth, to the payment of all Obligations
of the Credit Parties with respect to any Revolving B Loans that are then due and payable to the Administrative Agent, the Collateral Agent, the Lenders and other Secured Creditors, ratably based upon the respective aggregate amounts of all such
Obligations owing to them on such date; 
 Ninth, to the payment of all Obligations of the Credit Parties with respect
to any FILO Revolving Loans that are then due and payable to the Administrative Agent, the Collateral Agent, the Lenders and other Secured Creditors, ratably based upon the respective aggregate amounts of all such Obligations owing to them on such
date; 

  
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 Tenth, to all Secured Bank Product Obligations that are Domestic
Obligations and other Domestic Obligations pro rata; and 
 Eleventh, the balance, if any, as required by any
intercreditor agreement or, in the absence of any such requirement, to the Person lawfully entitled thereto (including the applicable Credit Party or its successors or assigns). 

Amounts used to Cash Collateralize the aggregate undrawn amount of Letters of Credit pursuant to clause (a) 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 U.S. Letters of Credit have either been fully drawn or expired, such remaining amount shall be applied to the other
Domestic 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 that are Domestic Obligations last reported to
the Administrative Agent or the actual Secured Bank Product Obligations that are Domestic 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 Creditor. If a Secured Creditor fails to deliver
such calculation within five (5) Business 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) First through Tenth, the relevant
U.S. Credit Parties shall remain liable for any deficiency. Notwithstanding the foregoing provisions, this Section 10.02(a) is subject to the provisions of any intercreditor agreement. 

Excluded Swap Obligations with respect to any Guarantor shall not be paid with amounts received from such Guarantor or its assets, but
appropriate adjustments shall be made with respect to payments from other Credit Parties to preserve the allocation to Obligations otherwise set forth above in this Section 10.02(a). 

(b) any amounts received on account of the Foreign Obligations (other than amounts received on account of the French Obligations further to the
enforcement of any French Collateral grant by any French Borrower) 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, the Collateral Agent, the Australian Security Trustee and its agents and counsel, and all expenses, liabilities and advances made or incurred by the Administrative Agent or the Collateral Agent or the Australian Security Trustee in connection
therewith, in each case with respect to the Revolving A Subfacilities (other than the U.S. Revolving A Subfacility); 

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 Creditors in connection therewith, in each case with respect to the Revolving A Subfacilities (other than the U.S. Revolving A Subfacility); 

  
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 Third, to interest then due and payable on the Swingline Loans (other than
the U.S. Swingline Loans); 
 Fourth, to the principal balance of the Swingline Loans (other than the U.S. Swingline
Loans) and Protective Advances (other than the U.S. Protective Advances) outstanding until the same has been prepaid in full; 

Fifth, to interest then due and payable on all Loans and other amounts due pursuant to
Sections 3.01, 3.02 and 4.01, in each case with respect to the Revolving A Subfacilities (other than the U.S. Revolving A Subfacility); 

Sixth, to Cash Collateralize all LC Exposures, other than the U.S. LC Exposure (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 all Loans (other than any U.S. Revolving A Loan, any FILO Revolving Loans and any Revolving B Loans) then outstanding pro rata with respect to the applicable Foreign Borrower; 

Eighth, to all Secured Bank Product Obligations constituting Foreign Obligations, and to all other Obligations with
respect to the Revolving A Subfacilities (other than the U.S. Revolving A Subfacility) pro rata with respect to the applicable Foreign Borrower; and 

Ninth, the balance, if any, as required by any intercreditor agreement or, in the absence of any such requirement, to
the Person lawfully entitled thereto (including the applicable Foreign Credit Party, FSHCO Guarantor or its successors or assigns). 

Amounts used to Cash Collateralize the aggregate undrawn amount of Letters of Credit pursuant to clause (b) 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 Foreign
Obligations, if any, in the order set forth above. Amounts distributed with respect to any Secured Bank Product Obligations constituting Foreign Obligations shall be the lesser of the maximum Secured Bank Product Obligations constituting Foreign
Obligations last reported to the Administrative Agent or the actual Secured Bank Product Obligations constituting Foreign 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 Creditor. If a
Secured Creditor fails to deliver such calculation within five (5) Business Days following request by the Administrative Agent, the Administrative Agent may assume the amount to be distributed is zero. The Administrative Agent shall allocate
such proceeds among the Foreign Obligations of Foreign Borrowers pursuant to clause (b) First through Ninth above in the Administrative Agent’s Permitted Discretion. 

  
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 In the event that any such proceeds are insufficient to pay in full the items described in
clauses (b) First through Eighth, the relevant Foreign Credit Parties and FSHCO Guarantors shall remain liable for any deficiency. Notwithstanding the foregoing provisions, this Section 10.02(b) is subject to the
provisions of any intercreditor agreement. 
 (c) any amounts received on account of the Revolving B Obligations further to the enforcement
of any Revolving B Collateral 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, the Collateral Agent and its agents and counsel, and all expenses, liabilities and advances made or incurred by the Administrative Agent or the Collateral Agent in connection therewith, in each case, with respect to the Revolving B Facility;

 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 Creditors
in connection therewith, in each case, with respect to the Revolving B Facility; 
 Third, to the principal balance of
Revolving B Protective Advances outstanding until the same has been prepaid in full; 
 Fourth, to interest then due
and payable on all Revolving B Loans and other amounts due pursuant to Sections 3.01, 3.02 and 4.01, in each case, with respect to the Revolving B Facility; 

Fifth, to the principal balance of all Revolving B Loans; 

Sixth, to the payment of all Obligations of the U.S. Credit Parties with respect to any Revolving B Loans that are then
due and payable to the Administrative Agent, the Collateral Agent, the Lenders and other Secured Creditors, ratably based upon the respective aggregate amounts of all such Obligations owing to them on such date, in each case, with respect to the
Revolving B Facility; 
 Seventh, the balance, if any, as required by any intercreditor agreement or, in the absence
of any such requirement, to the Person lawfully entitled thereto (including the applicable U.S. Credit Party or its successors or assigns). 

In the event that any such proceeds are insufficient to pay in full the items described in clauses (c) First through Sixth, the relevant
U.S. Credit Parties shall remain liable for any deficiency. Notwithstanding the foregoing provisions, this Section 10.02(c) is subject to the provisions of any intercreditor agreement. 

  
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 Excluded Swap Obligations with respect to any Guarantor shall not be paid with amounts received
from such Guarantor or its assets, but appropriate adjustments shall be made with respect to payments from other Credit Parties to preserve the allocation to Obligations otherwise set forth above in this Section 10.02(c).

 (d) any amounts received on account of the French Obligations further to the enforcement of any French Collateral granted by any French
Borrower shall, subject to the provisions of Sections 2.11 and 2.13(j), be applied, to the extent permitted by any applicable law, in the following order: 

First, to the extent expressly provided in this Agreement or under the relevant French Security Agreement, 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 the Collateral Agent and its agents and counsel, and all expenses, liabilities and advances made or incurred by the Administrative Agent or the Collateral Agent in connection therewith (other than in
respect of Secured Bank Product Obligations); 
 Second, to the extent expressly provided in this Agreement or under
the relevant French Security Agreement, 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 French Secured Parties in connection therewith (other than in respect of Secured Bank Product Obligations); 

Third, to interest then due and payable on the French Swingline Loans; 

Fourth, to the principal balance of the French Swingline Loans and French Protective Advances outstanding until the same
has been prepaid in full; 
 Fifth, to interest then due and payable on all French Loans and other amounts due
pursuant to Sections 3.01, 3.02 and 4.01; 
 Sixth, to Cash Collateralize all
French 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 all French Loans then outstanding pro rata; 

Eighth, to all Secured Bank Product Obligations and other French Obligations pro rata; and 

Ninth, the balance, if any, as required by any intercreditor agreement or, in the absence of any such requirement, to
the Person lawfully entitled thereto (including the applicable French Credit Party or its successors or assigns). 

  
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 Amounts used to Cash Collateralize the aggregate undrawn amount of Letters of Credit pursuant to
clause (d) 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 extent permitted by applicable law, to the other French Obligations, if any, in the order set forth above. Amounts distributed with respect to any Secured Bank Product Obligations constituting French Obligations shall
be the lesser of the maximum Secured Bank Product Obligations constituting French Obligations last reported to the Administrative Agent or the actual Secured Bank Product Obligations constituting French 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 Creditor. If a Secured Creditor fails to deliver such calculation within five (5) Business 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 (d) First through Eighth, the relevant French Credit Parties shall remain liable for any deficiency. Notwithstanding the foregoing provisions, this Section 10.02(d) is subject to the provisions of any
intercreditor agreement. 
 Section 11. The Administrative Agent. 

11.01. Appointment and Authorization. 

(a) Each Lender hereby irrevocably designates and appoints (i) BANA as Global Administrative Agent, Collateral Agent and Australian
Security Trustee, for such Lender, (ii) Citibank, N.A. and Wells Fargo Bank, N.A., as Co-Syndication Agents for such Lender, (iii) HSBC Bank USA, National Association, Mizuho Bank, Ltd., MUFG Union
Bank, N.A. and Royal Bank of Canada, as Co-Documentation Agents for such Lender and (iv) Citibank, N.A., Wells Fargo Bank, N.A., HSBC Bank USA, National Association, Mizuho Bank, Ltd., MUFG Union Bank,
N.A. and Royal Bank of Canada, as Joint Lead Arrangers for such Lender, each to act as specified herein and in the other Credit Documents. Each Lender hereby irrevocably authorizes the Administrative Agent, the Collateral Agent and the Australian
Security Trustee, to take such action on its behalf under the provisions of this Agreement and each other Credit Document and to exercise such powers and perform such duties as are expressly delegated to it by the terms of this Agreement or any
other Credit Document, together with such powers as are reasonably incidental thereto. Notwithstanding any provision to the contrary contained elsewhere herein or in any other Credit Document, the Administrative Agent, the Collateral Agent and the
Australian Security Trustee, shall not have any duties or responsibilities, except those expressly set forth herein. The Co-Syndication Agents, the Co-Documentation
Agents and the Joint Lead Arrangers shall have no rights, powers, obligations, liabilities, responsibilities or duties under this Agreement or any of the other Credit Documents, except in its capacity, as applicable, as a Lender, a Swingline Lender
or an Issuing Bank hereunder. The Agents 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 Credit Document or otherwise exist against the Agents. Without limiting the generality of the foregoing sentence, the use of the term “agent” herein and in the other Credit Documents with reference to the Agents is
not intended to connote any fiduciary or 

  
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other implied (or express) obligations arising under agency doctrine of any applicable Requirement of 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 and/or the Collateral Agent and/or the Australian Security Trustee, to enter into the Lender Loss Sharing Agreement, the Intercreditor Agreement, any
other intercreditor agreement (including those contemplated by Section 9.01(f)) and any respective 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 and/or the Collateral Agent and/or the Australian Security Trustee, to bind each Lender to the actions required by such Lender under the terms of the Lender Loss Sharing Agreement and any intercreditor
agreement, including the Intercreditor Agreement. In addition, (i) each of the Lenders and each Issuing Bank hereby authorizes the Collateral Agent to act as the agent of such Lender and Issuing Bank for purposes of acquiring, holding and
enforcing any and all Liens on Collateral granted by any of the Credit Parties to secure any of the Obligations, together with such powers and discretion as are reasonably incidental thereto, and (ii) to the extent required under the
Requirements of Law of any jurisdiction other than the United States of America, each of the Lenders and the Issuing Banks hereby grants to the Administrative Agent and Collateral Agent any required powers of attorney to execute any Security
Document governed by the Requirements of Law of such jurisdiction on such Lender’s or Issuing Bank’s behalf. 
 (c) The provisions
of this Section 11 (other than Sections 11.09 and 11.11) are solely for the benefit of the Agents, the Lenders and the Issuing Banks, and the Borrowers shall not have rights as a third party beneficiary of any
of such provisions, in each case, except for any such provisions which expressly provide the Company with rights of consent. 
 11.02.
Delegation of Duties. The Administrative Agent, the Collateral Agent and the Australian Security Trustee, may execute any of their duties under this Agreement or any other Credit 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, the
Collateral Agent and the Australian Security Trustee, shall not be responsible for the negligence or misconduct of any agent or attorney-in-fact that it selects in the
absence of the Administrative Agent’s or the Collateral Agent’s or the Australian Security Trustee’s, gross negligence or willful misconduct as determined in a final non-appealable judgment by a
court of competent jurisdiction. 
 11.03. Liability of Agents. 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 Credit 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 Section 10) or (ii) in the absence of its own gross negligence
or willful misconduct as determined in a final non-appealable judgment by a court of competent jurisdiction in connection with its duties expressly set forth herein, (b) be responsible in any 

  
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manner to any Lender or participant for any recital, statement, representation or warranty made by any Credit Party or any officer thereof, contained herein or in any other Credit 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 Credit Document, or the validity, effectiveness, genuineness,
enforceability or sufficiency of this Agreement or any other Credit Document, or for any failure of any Credit Party or any other party to any Credit 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 Credit 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 Credit Documents); provided that each of the Administrative Agent, the Collateral Agent and the Australian Security
Trustee, shall not be required to take any action that, in its opinion or the opinion of its counsel, may expose the Administrative Agent or Collateral Agent or Australian Security Trustee, to liability or that is contrary to any Credit Document or
applicable Requirement of 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 Credit Document, or to inspect the properties, books or records of any Credit Party or any Affiliate thereof. 
 11.04.
Reliance by the Agents. 
 (a) Each of the Administrative Agent, the Collateral Agent and the Australian Security Trustee, 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 Credit
Party), independent accountants and other experts selected by the Administrative Agent or Collateral Agent or the Australian Security Trustee. Each of the Administrative Agent, the Collateral Agent and the Australian Security Trustee shall be fully
justified in failing or refusing to take any action under any Credit 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. Each of the Administrative Agent, the Collateral Agent and the Australian Security Trustee
shall in all cases be fully protected in acting, or in refraining from acting, under this Agreement or any other Credit 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 Section 5, 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 Initial Closing Date specifying its objection thereto. 

  
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 11.05. 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 Company 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, the Collateral Agent and the Australian Security Trustee shall take such action with respect to such Default as may be directed by the Required Lenders in accordance with Section 10;
provided, however, that unless and until the Administrative Agent, Collateral Agent or Australian Security Trustee has received any such direction, the Administrative Agent, Collateral Agent and Australian Security Trustee 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. 

11.06. Credit Decision; Disclosure of Information by the Agents. Each Lender acknowledges that no Agent-Related Person has made any
representation or warranty to it, and that no act by any Agent hereafter taken, including any consent to and acceptance of any assignment or review of the affairs of any Credit 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 Agents 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 an investigation into the business, prospects, operations, property, financial and other condition
and creditworthiness of the Credit Parties and their respective Subsidiaries, and all applicable bank or other regulatory Requirements of Law relating to the transactions contemplated hereby, and made its own decision to enter into this Agreement
and to extend credit to the Borrowers and the other Credit 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 Credit 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 Borrowers and the other Credit 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 Credit Parties or any of their respective Affiliates which may come into the possession of any Agent-Related Person. 

11.07. Indemnification of the Agents. Whether or not the transactions contemplated hereby are consummated, the Lenders shall indemnify
upon demand each Agent (and its officers, directors, employees, agents and attorneys in fact which are acting on behalf of the such Agent) (to the extent not reimbursed by or on behalf of any Credit Party and without limiting the 

  
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obligation of any Credit Party to do so), pro rata, and hold harmless each Agent (and its officers, directors, employees, agents and attorneys in fact which are acting on behalf of such Agent)
from and against any and all Indemnified Liabilities incurred by it; provided, however, that no Lender shall be liable for the payment to any Agent (and its officers, directors, employees, agents and attorneys in fact which are acting
on behalf of such Agent) of any portion of such Indemnified Liabilities to the extent determined in a final, non-appealable judgment by a court of competent jurisdiction to have resulted from such Agent’s
(and its officers, directors, employees, agents and attorneys in fact which are acting on behalf such 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 11.07. Without limitation of the foregoing, each Lender shall reimburse each Agent upon demand for its
ratable share of any costs or out-of-pocket expenses (including, without limitation, the reasonable fees and disbursements of counsel) incurred by such Agent in
connection with the preparation, execution, delivery, administration, modification, amendment or enforcement (whether through negotiations, legal proceedings or otherwise) of, or legal advice in respect of rights or responsibilities under, this
Agreement, any other Credit Document, or any document contemplated by or referred to herein, to the extent that the such Agent is not reimbursed for such expenses by or on behalf of the Borrowers. The undertaking in this
Section 11.07 shall survive termination of the Commitments, the payment of all other Obligations and the resignation of the Agents. 

11.08. Administrative Agent, Collateral Agent and Australian Security Trustee in Its Individual Capacity. BANA 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 Credit Parties and
their respective Affiliates as though BANA was not the Administrative Agent or the Collateral Agent or the Australian Security Trustee hereunder and without notice to or consent of the Lenders. The Lenders acknowledge that, pursuant to such
activities, BANA and its Affiliates and branches may receive information regarding any Credit Party or its Affiliates (including information that may be subject to confidentiality obligations in favor of such Credit Party or such Affiliate) and
acknowledge that the Administrative Agent, Collateral Agent and Australian Security Trustee shall be under no obligation to provide such information to them. With respect to its Loans, BANA 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 the Administrative Agent or the Collateral Agent or the Australian Security Trustee, and the terms “Lender” and “Lenders” include
BANA in its individual capacity. 
 11.09. Successor Agents. 

(a) Any Agent may resign upon 30 days’ prior written notice to the Lenders and to the Company. Such Agent may be replaced by the Required
Lenders if it or one of its Affiliates shall become a Defaulting Lender. If an Agent under any Revolving A Subfacility resigns or is replaced, the Agents under the other Revolving A Subfacilities shall also be deemed to have resigned and need to be
replaced. If an Agent resigns or is replaced under this Agreement, the Required Lenders shall appoint from among the Lenders one or more successor administrative agents or a collateral agent, as applicable, for the Lenders, which successor agent
shall be consented to by the Company at all times other than during the existence of an Event of Default 

  
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under Sections 10.01(a) or 10.01(e) (which consent of the Company shall not be unreasonably withheld, delayed or conditioned). If no successor agent is appointed prior to the
effective date of the resignation of an Agent, such Agent may appoint (if it resigns but not if it is replaced), after consulting with the Lenders and with the consent of the Company at all times other than during the existence of an Event of
Default under Sections 10.01(a) or 10.01(e) (with respect to the Company), a successor agent from among the Lenders under each Revolving A Subfacility and the Revolving B Facility; provided that any such
successor agent shall be either a domestic office of a commercial bank organized under the Requirements of Law of the United States or any State thereof, or a United States branch of a bank that is organized under the Requirements of Law 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 agent hereunder, the Person acting as such successor agent shall succeed to all the rights, powers
and duties of the retiring Agent and the term “Global Administrative Agent,” “Administrative Agent” and/or “Collateral Agent” shall mean such successor agent and the retiring or replaced Agent’s appointment, powers
and duties as Agent shall be terminated. After any retiring or replaced Agent’s resignation or replacement hereunder as Agent, the provisions of this Section 11 and Section 12.01 shall inure
to its benefit as to any actions taken or omitted to be taken by it while it was Agent under this Agreement. If no successor agent has accepted appointment as Agent by the date which is 30 days following a retiring or replaced Agent’s notice of
resignation or its replacement, the retiring or replaced Agent’s resignation or replacement shall nevertheless thereupon become effective and the Lenders shall perform all of the duties of the Agent hereunder until such time, if any, as the
Required Lenders appoint a successor agent as provided for above (except that in the case of any Collateral held by the Collateral Agent on behalf of the Lenders or each Issuing Bank under any of the Credit Documents, the retiring Collateral Agent
shall continue to hold such collateral security until such time as a successor Collateral Agent is appointed). 
 (b) Any resignation or
replacement by BANA as administrative agent pursuant to this Section 11.09 shall also constitute its resignation or replacement as lender of the Swingline Loans under the relevant Revolving A Subfacility to the extent that
BANA 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 or replaced lender of the Swingline Loans shall be discharged from all of its duties and obligations hereunder or under the other Credit Documents. 

(c) The Australian Security Trustee may resign or be replaced in accordance with the Australian Security Trust Deed. 

11.10. 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 Credit 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 Borrowers) shall be entitled and empowered, by intervention in such proceeding or otherwise: 

  
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 (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 Banks and the Administrative Agent
(including any claim for the reasonable compensation, expenses, disbursements and advances of the Lenders, the Issuing Banks and the Administrative Agent and their respective agents and counsel and all other amounts due the Lenders, the Issuing
Banks and the Administrative Agent under Sections 2.05 and 12.01) allowed in such judicial proceeding; and 
 (b) to collect
and receive any monies or other property payable or deliverable on any such claims and to distribute the same; and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is
hereby authorized by each Lender and each 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 Banks, 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 12.01. 
 Nothing contained herein shall be deemed to authorize the Administrative Agent to authorize or consent to or
accept or adopt on behalf of any Lender or any Issuing Bank any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any Lender or any Issuing Bank to authorize the Administrative Agent to vote in
respect of the claim of any Lender or any Issuing Bank in any such proceeding. 
 11.11. Collateral and Guarantee Matters. The
Lenders and the Issuing Banks irrevocably authorize the Administrative Agent, the Collateral Agent and the Australian Security Trustee, to take any action permitted by Section 12.13. 

Upon request by the Administrative Agent, the Collateral Agent or the Australian Security Trustee at any time, the Required Lenders will
confirm in writing the Administrative Agent’s, the Collateral Agent’s or the Australian Security Trustee’s, as applicable, authority to release or subordinate its interest in particular types or items of property, or to release any
Guarantor from its obligations under its Credit Party Guarantee pursuant to Section 12.13; provided that such authorization shall not in any event be or become a condition to the effectiveness of any such release or
subordination if the provisions of Section 12.13 are otherwise satisfied. 
 11.12. Bank Product Providers.
Each Secured Bank Product Provider, by delivery of a notice to the Administrative Agent of such agreement, agrees to be bound by this Section 11. Each such Secured Bank Product Provider shall indemnify and hold harmless
Agent-Related Persons, to the extent not reimbursed by the Credit 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. 

  
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 11.13. The Collateral Agent and the Australian Security Trustee. The Collateral Agent, the
Australian Security Trustee and any agent, employee or attorney-in-fact appointed by the “collateral agent” or “Australian security trustee” pursuant
to Section 11.02 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of the
“collateral agent,” shall be entitled to the benefits of all provisions of this Section 11 and Section 12 as though such agent, employee or attorney-in-fact were the “collateral agent” or “Australian security trustee” (as applicable) under the Credit Documents, as set forth in full herein with respect thereto. 

11.14. Withholding Taxes. To the extent required by any applicable Requirements of Law (as determined in good faith by the
Administrative Agent), the Administrative Agent may withhold from any payment to any Lender under any Credit Document an amount equivalent to any applicable withholding Tax. Without limiting or expanding the provisions of
Section 4.01, each Lender shall indemnify and hold harmless the Administrative Agent and the Company against, and shall make payable in respect thereof within 10 days after demand therefor, any and all Taxes (except with
respect to the Company, only such Taxes that are U.S. federal withholding Taxes) and any and all related losses, claims, liabilities and expenses (including fees, charges and disbursements of any counsel for the Administrative Agent) incurred by or
asserted against the Administrative Agent by the Internal Revenue Service or any other Governmental Authority as a result of the failure of the Administrative Agent to properly such withhold Tax from amounts paid to or for the account of such Lender
for any reason (including because the appropriate form was not delivered or not properly executed, or because such Lender failed to notify the Administrative Agent of a change in circumstance that rendered the exemption from, or reduction of,
withholding Tax ineffective). A certificate as to the amount of such payment or liability delivered to any Lender by the Administrative Agent or the Company, as applicable, shall be conclusive absent demonstrable error. Each Lender hereby authorizes
the Administrative Agent to set off and apply any and all amounts at any time owing to such Lender under this Agreement or any other Credit Document against any amount due the Administrative Agent under this Section 11.14.
The agreements in this Section 11.14 shall survive the resignation and/or replacement of the Administrative Agent, any assignment of rights by, or the replacement of, a Lender, the termination of the Commitments and the
repayment, satisfaction or discharge of all other Obligations. For the avoidance of doubt, for purposes of this Section 11.14, the term “Lender” shall include any Issuing Bank and any Swingline Lender. 

11.15. Quebec Representative. Without limiting the powers of the Collateral Agent, for the purposes of holding any hypothec granted to
the Attorney (as defined below) pursuant to the Requirements of Law of the Province of Québec to secure the prompt payment and performance of any and all Obligations by any Credit Party, each of the Secured Creditors hereby irrevocably
appoints and authorizes the Collateral Agent and, to the extent necessary, ratifies the appointment and authorization of the Collateral Agent, to act as the hypothecary representative of the creditors as contemplated under Article 2692 of the Civil
Code of Québec (in such capacity, the “Attorney”), and to enter into, to take and to hold on their behalf, and for their benefit, any hypothec, and to exercise such powers and duties that are conferred upon the Attorney under
any related deed of hypothec. The Attorney shall: (a) have the sole and exclusive right and authority to exercise, except as may be otherwise specifically restricted by the terms hereof, all rights and remedies given to the Attorney pursuant to
any such deed of hypothec and applicable law, and (b) benefit from and be subject to all provisions hereof with respect to the Collateral Agent mutatis mutandis, including, without limitation, all such 

  
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provisions with respect to the liability or responsibility to and indemnification by the Secured Creditors and Credit Parties. Any person who becomes a Secured Creditor shall, by its execution of
an Assignment and Acceptance Agreement, be deemed to have consented to and confirmed the Attorney as the person acting as hypothecary representative holding the aforesaid hypothecs as aforesaid and to have ratified, as of the date it becomes a
Secured Creditor, all actions taken by the Attorney in such capacity. The substitution of the Collateral Agent pursuant to the provisions of this Section 11.15 also constitutes the substitution of the Attorney. 

11.16. Appointment of Collateral Agent as security trustee for U.K. Security Documents. For the purposes of any Liens or Collateral
created under the U.K. Security Documents, the following additional provisions shall apply, in addition to the provisions set out in Section 11 or otherwise hereunder. 

(a) In this Section 11.16, the following expressions shall have the following meanings: 

(i) “Appointee” shall mean any receiver, administrator or other insolvency officer appointed in respect of any
Credit Party or its assets. 
 (ii) “Charged Property” shall mean the assets of the Credit Parties subject
to a security interest under the U.K. Security Documents. 
 (iii) “Delegate” shall mean any delegate,
agent, attorney or co-trustee appointed by the Collateral Agent (in its capacity as security trustee). 

(iv) “U.K. Security Documents” shall mean each security document executed by any Credit Party and governed by
English law in favour of the Collateral Agent. 
 (b) The Secured Creditors appoint the Collateral Agent to hold the security interests
constituted by the U.K. Security Documents on trust for the Secured Creditors on the terms of the Credit Documents and the Collateral Agent accepts that appointment. 

(c) The Collateral Agent, its subsidiaries and associated companies may each retain for its own account and benefit any fee, remuneration and
profits paid to it in connection with (i) its activities under the Credit Documents; and (ii) its engagement in any kind of banking or other business with any Credit Party. 

(d) Nothing in this Agreement constitutes the Collateral Agent as a trustee or fiduciary of, nor shall the Collateral Agent have any duty or
responsibility to, any Credit Party. 
 (e) The Collateral Agent shall have no duties or obligations to any other person except for those
which are expressly specified in the Credit Documents or mandatorily required by applicable law. 
 (f) The Collateral Agent may appoint one
or more Delegates on such terms (which may include the power to sub-delegate) and subject to such conditions as it thinks fit, to exercise and perform all or any of the duties, rights, powers and discretions
vested in it by the U.K. Security Documents and shall not be obliged to supervise any Delegate or be responsible to any person for any loss incurred by reason of any act, omission, misconduct or default on the part of any Delegate. 

  
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 (g) The Collateral Agent may (whether for the purpose of complying with any law or regulation of
any overseas jurisdiction, or for any other reason) appoint (and subsequently remove) any person to act jointly with the Collateral Agent either as a separate trustee or as a co-trustee on such terms and
subject to such conditions as the Collateral Agent thinks fit and with such of the duties, rights, powers and discretions vested in the Collateral Agent by the U.K. Security Documents as may be conferred by the instrument of appointment of that
person. 
 (h) The Collateral Agent shall notify the Lenders of the appointment of each Appointee (other than a Delegate). 

(i) The Collateral Agent may pay reasonable remuneration to any Delegate or Appointee, together with any costs and expenses (including legal
fees) reasonably incurred by the Delegate or Appointee in connection with its appointment. All such remuneration, costs and expenses shall be treated, for the purposes of this Agreement, as paid or incurred by the Collateral Agent. 

(j) Each Delegate and each Appointee shall have every benefit, right, power and discretion and the benefit of every exculpation (together
“Rights”) of the Collateral Agent (in its capacity as security trustee) under the U.K. Security Documents, and each reference to the Collateral Agent (where the context requires that such reference is to the Collateral Agent in its
capacity as security trustee) in the provisions of the U.K. Security Documents which confer Rights shall be deemed to include a reference to each Delegate and each Appointee. 

(k) Each Secured Creditor confirms its approval of the U.K. Security Documents and authorizes and instructs the Collateral Agent: (i) to
execute and deliver the U.K. Security Documents; (ii) to exercise the rights, powers and discretions given to the Collateral Agent (in its capacity as security trustee) under or in connection with the U.K. Security Documents together with any
other incidental rights, powers and discretions; and (iii) to give any authorizations and confirmations to be given by the Collateral Agent (in its capacity as security trustee) on behalf of the Secured Creditors under the U.K. Security
Documents. 
 (l) The Collateral Agent may accept without inquiry the title (if any) which any person may have to the Charged Property. 

(m) Each other Secured Creditor confirms that it does not wish to be registered as a joint proprietor of any security interest constituted by a
U.K. Security Document and accordingly authorizes: (a) the Collateral Agent to hold such security interest in its sole name (or in the name of any Delegate) as trustee for the Secured Creditors; and (b) the Land Registry (or other relevant
registry) to register the Collateral Agent (or any Delegate or Appointee) as a sole proprietor of such security interest. 
 (n) Except to
the extent that a U.K. Security Document otherwise requires, any moneys which the Collateral Agent receives under or pursuant to a U.K. Security Document may be: (a) invested in any investments which the Collateral Agent selects and which are
authorized by applicable law; or (b) placed on deposit at any bank or institution (including the Collateral 

  
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Agent) on terms that the Collateral Agent thinks fit, in each case in the name or under the control of the Collateral Agent, and the Collateral Agent shall hold those moneys, together with any
accrued income (net of any applicable Tax) to the order of the Lenders, and shall pay them to the Lenders on demand. 
 (o) On a disposal of
any of the Charged Property which is permitted under the Credit Documents, the Collateral Agent shall (at the cost of the Credit Parties) execute any release of the U.K. Security Documents or other claim over that Charged Property and issue any
certificates of non-crystallisation of floating charges that may be required or take any other action that the Collateral Agent considers desirable. 

(p) The Collateral Agent shall not be liable for: 

(i) any defect in or failure of the title (if any) which any person may have to any assets over which security is intended to
be created by a U.K. Security Document; 
 (ii) any loss resulting from the investment or deposit at any bank of moneys which
it invests or deposits in a manner permitted by a U.K. Security Document; 
 (iii) the exercise of, or the failure to
exercise, any right, power or discretion given to it by or in connection with any Credit Document or any other agreement, arrangement or document entered into, or executed in anticipation of, under or in connection with, any Credit Document; or 

(iv) any shortfall which arises on enforcing a U.K. Security Document. 

(q) The Collateral Agent shall not be obligated to: 

(i) obtain any authorization or environmental permit in respect of any of the Charged Property or a U.K. Security Document;

 (ii) hold in its own possession a U.K. Security Document, title deed or other document relating to the Charged Property or
a U.K. Security Document; 
 (iii) perfect, protect, register, make any filing or give any notice in respect of a U.K.
Security Document (or the order of ranking of a U.K. Security Document), unless that failure arises directly from its own gross negligence or willful misconduct; or 

(iv) require any further assurances in relation to a U.K. Security Document. 

(r) In respect of any U.K. Security Document, the Collateral Agent shall not be obligated to: (i) insure, or require any other person to
insure, the Charged Property; or (ii) make any enquiry or conduct any investigation into the legality, validity, effectiveness, adequacy or enforceability of any insurance existing over such Charged Property. 

(s) In respect of any U.K. Security Document, the Collateral Agent shall not have any obligation or duty to any person for any loss suffered as
a result of: (i) the lack or inadequacy of any insurance; or (ii) the failure of the Collateral Agent to notify the insurers of any material fact relating to the risk assumed by them, or of any other information of any kind, unless
Required Lenders have requested it to do so in writing and the Collateral Agent has failed to do so within fourteen (14) days after receipt of that request. 

  
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 (t) Every appointment of a successor Collateral Agent under a U.K. Security Document shall be by
deed. 
 (u) Section 1 of the Trustee Act 2000 (UK) shall not apply to the duty of the Collateral Agent in relation to the trusts
constituted by this Agreement. 
 (v) In the case of any conflict between the provisions of this Agreement and those of the Trustee Act 1925
(UK) or the Trustee Act 2000 (UK), the provisions of this Agreement shall prevail to the extent allowed by law, and shall constitute a restriction or exclusion for the purposes of the Trustee Act 2000 (UK). 

(w) The perpetuity period under the rule against perpetuities if applicable to this Agreement and any U.K. Security Document shall be 80 years
from the date of this Agreement. 
 11.17. French Receivables Assignment Agreement. Without prejudice to the provisions of this
Agreement and the other Credit Documents, the French Lenders (as mandants) appoint the Administrative Agent to act as agent (mandataire) (with full power to appoint and to substitute and to delegate) on their behalf to do anything upon
the terms and conditions set out in this Agreement and the other Credit Documents in respect of any French Receivables Assignment Agreement and empowers and directs the Administrative Agent (by itself or by such person it may nominate) to execute
for and on their behalf any French Receivables Assignment Agreement and to perform the duties and to exercise the rights, powers and discretions which are incidental thereto and to give a good discharge for any moneys payable under the French
Receivables Assignment Agreement to the French Lenders in accordance with the terms and conditions of this Agreement and the other Credit Documents. 

11.18. Australian Security Trust Deed. 

(a) Upon the execution of the Australian Trust Deed, each Secured Creditor appoints the Australian Security Trustee under the terms of the
Australian Security Trust Deed to act as its trustee under and in relation to the Australian Security Documents and to hold the assets subject to the security thereby created as trustee for the Secured Creditors on trust and on the terms contained
in the Australian Security Documents and each Secured Creditor authorizes the Australian Security Trustee under the terms of the Australian Security Trust Deed to exercise such rights, remedies, powers and discretions as are specifically delegated
to Australian Security Trustee by the terms of the Australian Security Documents, together with all such rights, remedies, powers and discretions as are incidental thereto and Australian Security Trustee hereby accepts that appointment. 

(b) Upon the execution of the Australian Trust Deed, each Secured Creditor hereby (a) acknowledges that they are aware of, and consent to,
the terms of the Australian Security Trust Deed, (b) agrees to comply with and be bound by the Australian Security Trust Deed as a Beneficiary (as defined in the Australian Security Trust Deed), (c) acknowledges that it has received a copy of
the Australian Security Trust Deed, together with the other information which 

  
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it has required in connection with the Australian Security Trust Deed and this Agreement, (d) without limiting the general application of paragraph (a) above, acknowledges and agrees as
specified in clause 8.12 (Independent Decisions by Beneficiaries) of the Australian Security Trust Deed and provides the indemnities as specified in clause 10.3 (Indemnity by Beneficiaries) of the Australian Security Trust Deed, and
(e) without limiting the general application of paragraph (a) above, for consideration received, irrevocably appoints as its attorney each person who under the terms of the Australian Security Trust Deed is appointed an attorney of a
Beneficiary (as defined in the Australian Security Trust Deed) on the same terms and for the same purposes as contained in the Australian Security Trust Deed. 

(c) This section is executed as a deed poll in favor of Australian Security Trustee and each Beneficiary (as defined in the Australian Security
Trust Deed) from time to time. 
 (d) Each Secured Creditor agrees that at any time that the Australian Security Trustee shall be a Person
other than the Administrative Agent, such other Person shall have the rights, remedies, benefits and powers granted to Administrative Agent in its capacity as Australian Security Trustee in this Agreement. 

11.19. Parallel Debt Undertaking. 

(a) The parallel debt undertaking created hereunder (“Parallel Debt Undertaking”) is constituted in order to secure the prompt
and complete satisfaction of any Obligations. The Parallel Debt Undertaking shall also cover any future extension, prolongation, increase or novation of the Obligations. 

(b) For the purposes of taking and ensuring the continuing validity of Liens under those Security Documents subject to the laws of (or to the
extent affecting assets situated in) Germany, France (other than in respect of any French Receivables Assignment Agreement) and the Netherlands (the “Parallel Obligations Security Documents”) and such other jurisdictions as the
Secured Creditors and the Credit Parties (each acting reasonably) agree, notwithstanding any contrary provision in this Agreement: 

(i) each Credit Party irrevocably and unconditionally agrees and undertakes with the Collateral Agent and each Secured Creditor
(other than the Collateral Agent) acknowledges that, for the purpose of the granting the Collateral under the Parallel Obligations Security Documents (the “Parallel Obligations Collateral”) that each Credit Party shall pay to the
Collateral Agent amounts equal to, and in the currency of, all present and future amounts owing by it to the Secured Creditors under the Credit Documents (“Original Obligations”) as and when the same fall due for payment under the
relevant Credit Documents and in respect of any Obligations (together with the obligation described in paragraph (iv) below, the “Parallel Obligations”); 

(ii) each of the Credit Parties and each Secured Creditor (other than Collateral Agent) acknowledges that, under the Parallel
Obligations Security Documents, the rights of the Collateral Agent to demand payment of the Parallel Obligations shall be independent and several from the rights of the other Secured Creditors to demand payment of the Original Obligations, provided
that the payment by a Credit Party of its 

  
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Parallel Obligations to the Collateral Agent in accordance with this Section 11.19 shall also discharge (in the amount and in the currency of the relevant payment) the corresponding Original
Obligations and vice versa the payment by a Credit Party of all or part of its Original Obligations in accordance with the provisions of the Credit Documents and in respect of the Obligations shall also discharge (in the amount of the payment) the
corresponding Parallel Obligations. The amount of the Parallel Obligations of a Credit Party shall at all times be equal to the amount of its Original Obligations; 

(iii) despite the foregoing, any payment under the Parallel Obligations Security Documents shall be made to the Collateral
Agent unless expressly stated otherwise in any Parallel Obligations Security Document or unless the Collateral Agent directs such payment to be made to a person other than the Collateral Agent; 

(iv) the Collateral Agent, the Credit Parties and each of the other Secured Creditors agree that, under the Parallel
Obligations Security Documents, the Collateral Agent shall be the joint and several creditor (together with the relevant other Secured Creditor) of each and every obligation of the Credit Parties towards that other Secured Creditor under the Credit
Documents and in respect of the Obligations, and that accordingly the Collateral Agent will have its own and independent right to demand performance by the Credit Parties of those obligations in full; 

(v) the Parallel Obligations are owed to the Collateral Agent in its own name on behalf of itself and not as agent or
representative of any other person nor as trustee and the Parallel Debt Security shall secure the Parallel Obligations so owing and its claims in respect of the Parallel Obligations shall not be held on trust. The Parallel Obligations Collateral
granted under the Parallel Obligation Security Documents to the Collateral Agent to secure the Parallel Obligations is granted to the Collateral] in its capacity as creditor of the Parallel Obligations and shall not be held on trust; 

(vi) without limiting or affecting the Collateral Agent’s right to protect, preserve or enforce its rights under any
Parallel Obligations Collateral, the Collateral Agent undertakes to each Secured Creditor not to exercise its rights in respect of the Parallel Obligations without the consent of the relevant Secured Creditors. However, for the avoidance of doubt,
nothing in the previous sentence shall in any way limit the Collateral Agent’s right to act in the protection or preservation of rights under any Parallel Obligations Security Documents or to enforce any Parallel Obligations Collateral as
contemplated by this Agreement, the relevant Parallel Obligations Security Document or any other Credit Document or in respect of any Obligations (or to do any act reasonably incidental to the foregoing); and 

(vii) the Collateral Agent shall distribute any amount so received to the Secured Creditors in accordance with the terms of
this Agreement as if such amounts had been received in respect of the Original Obligations. 
 (c) Upon complete and irrevocable satisfaction
of the Obligations, the Collateral Agent shall as soon as reasonably practical at the cost and expense of the Credit Party release the Parallel Debt Undertaking. 

  
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 (d) The Collateral Agent shall, in respect of any French Receivables Assignment Agreement and any
Parallel Obligations Security Document governed by French law, take any necessary action (including, if required, by entering into any agreement with any credit institution (établissement de crédit) or financing company
(société de financement) duly authorized) in order to ensure that: 
 (i) all payments under this
Agreement or any French Collateral shall be made to or by the Collateral Agent in accordance with any applicable laws and regulations; and 

(ii) separate bank accounts are opened and maintained for each financing made to the French Borrowers under this Agreement, so
that the payments made by or to the Collateral Agent under each such financing are effected to or from a bank account dedicated solely to the receipt and payment of funds to be paid or received under such financing, it being specified that the
Collateral Agent shall not be authorized to dispose of such funds for its own account (unless such funds were to be paid to the Collateral Agent under any Credit Document for its own account) or for another financing transaction. 

For the avoidance of doubt, this paragraph (d) shall not apply to any fees or commissions paid to the Collateral Agent. 

11.20. ERISA. 
 (a) Each
Lender (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the
benefit of, the Administrative Agent, each Joint Lead Arranger and their respective Affiliates, and not, for the avoidance of doubt, to or for the benefit of any Borrower or any other Credit Party, that at least one of the following is and will be
true: 
 (i) such Lender is not using “plan assets” (within the meaning of 29 CFR § 2510.3-101, as modified by Section 3(42) of ERISA) of one or more Benefit Plans in connection with the Loans, the Letters of Credit or the Commitments, 

(ii) the transaction exemption set forth in one or more PTEs, such as PTE 84-14 (a
class exemption for certain transactions determined by independent qualified professional asset managers), PTE 95-60 (a class exemption for certain transactions involving insurance company general accounts),
PTE 90-1 (a class exemption for certain transactions involving insurance company pooled separate accounts), PTE 91-38 (a class exemption for certain transactions
involving bank collective investment funds) or PTE 96-23 (a class exemption for certain transactions determined by in-house asset managers), is applicable with respect
to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement, 

(iii) (A) such Lender is an investment fund managed by a “Qualified Professional Asset Manager” (within the
meaning of Part VI of PTE 84-14), (B) such Qualified Professional Asset Manager made the investment decision on behalf of such 

  
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Lender to enter into, participate in, administer and perform the Loans, the Letters of Credit, the Commitments and this Agreement, (C) the entrance into, participation in, administration of
and performance of the Loans, the Letters of Credit, the Commitments and this Agreement satisfies the requirements of sub-sections (b) through (g) of Part I of PTE
84-14 and (D) to the best knowledge of such Lender, the requirements of subsection (a) of Part I of PTE 84-14 are satisfied with respect to such
Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement, or 

(iv) such other representation, warranty and covenant as may be agreed in writing between the Administrative Agent, in its sole
discretion, and such Lender. 
 (b) In addition, unless sub-clause (i) in the immediately
preceding clause (a) is true with respect to a Lender or such Lender has not provided another representation, warranty and covenant as provided in sub-clause (iv) in the immediately preceding clause
(a), such Lender further (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender
party hereto, for the benefit of, the Administrative Agent, each Joint Lead Arranger and their respective Affiliates, and not, for the avoidance of doubt, to or for the benefit of any Borrower or any other Credit Party, that: 

(i) none of the Administrative Agent, any Joint Lead Arranger or any of their respective Affiliates is a fiduciary with respect
to the assets of such Lender (including in connection with the reservation or exercise of any rights by the Administrative Agent under this Agreement, any Credit Document or any documents related hereto or thereto), 

(ii) the Person making the investment decision on behalf of such Lender with respect to the entrance into, participation in,
administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement is independent (within the meaning of 29 CFR § 2510.3-21) and is a bank, an insurance carrier, an
investment adviser, a broker-dealer or other person that holds, or has under management or control, total assets of at least $50 million, in each case as described in 29 CFR §
2510.3-21(c)(1)(i)(A)-(E), 
 (iii) the Person making the investment decision on
behalf of such Lender with respect to the entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement is capable of evaluating investment risks independently, both in
general and with regard to particular transactions and investment strategies (including in respect of the Obligations), 

(iv) the Person making the investment decision on behalf of such Lender with respect to the entrance into, participation in,
administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement is a fiduciary under ERISA or the Code, or both, with respect to the Loans, the Letters of Credit, the Commitments and this Agreement and is
responsible for exercising independent judgment in evaluating the transactions hereunder, and 

  
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 (v) no fee or other compensation is being paid directly to the Administrative
Agent, any Joint Lead Arranger or any of their respective Affiliates for investment advice (as opposed to other services) in connection with the Loans, the Letters of Credit, the Commitments or this Agreement. 

(c) Each of the Administrative Agent and Joint Lead Arrangers hereby informs the Lenders that each such Person is not undertaking to provide
impartial investment advice, or to give advice in a fiduciary capacity, in connection with the transactions contemplated hereby, and that such Person has a financial interest in the transactions contemplated hereby in that such Person or an
Affiliate thereof (i) may receive interest or other payments with respect to the Loans, the Letters of Credit, the Commitments and this Agreement, (ii) may recognize a gain if it extended the Loans, the Letters of Credit or the Commitments
for an amount less than the amount being paid for an interest in the Loans, the Letters of Credit or the Commitments by such Lender or (iii) may receive fees or other payments in connection with the transactions contemplated hereby, the Credit
Documents or otherwise, including structuring fees, commitment fees, arrangement fees, facility fees, upfront fees, underwriting fees, ticking fees, agency fees, administrative agent or collateral agent fees, utilization fees, minimum usage fees,
letter of credit fees, fronting fees, deal-away or alternate transaction fees, amendment fees, processing fees, term out premiums, banker’s acceptance fees, breakage or other early termination fees or fees similar to the foregoing. 

11.21. Payments in respect of French Borrowers and French Guarantors. 

(a) The Administrative Agent shall, in respect of any payment received or made under this Agreement or any other Credit Document by or to
French Borrowers or French Guarantors, take any necessary action (including, if required, by entering into any agreement with any credit institution (établissement de crédit) or financing company (société de
financement) duly authorized) in order to ensure that: 
 (i) such payments shall be made to or by the Administrative
Agent in accordance with any applicable laws and regulations; and 
 (ii) separate bank accounts are opened and maintained
for each financing made to the French Borrowers under this Agreement or any other Credit Document, so that the payments made by or to the Administrative Agent under each such financing are effected to or from a bank account dedicated solely to the
receipt and payment of funds to be paid or received under such financing, it being specified that the Administrative Agent shall not be authorized to dispose of such funds for its own account (unless such funds were to be paid to the Administrative
Agent under any Credit Document for its own account) or for another financing transaction. 
 (b) For the avoidance of doubt, this
Section 11.21 shall not apply to any fees or commissions paid to the Administrative Agent. 

  
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 Section 12. Miscellaneous. 

12.01. Payment of Expenses, etc. 

(a) The Credit Parties hereby jointly and severally agree to: (i) pay all reasonable and documented out-of-pocket costs and expenses (A) of the Agents and the Joint Lead Arrangers and Issuing Banks (without duplication) limited, in the case of legal fees, to the reasonable fees and disbursements of one
primary counsel in each of the U.S., Canada, France, the Netherlands, the U.K., Germany, Spain and Australia, and, if reasonably necessary, one local counsel in any relevant jurisdiction and an additional counsel in the case of conflicts) in
connection with the preparation, execution and delivery of this Agreement and the other Credit Documents and the documents and instruments referred to herein and therein, the administration hereof and thereof and any amendment, waiver or consent
relating hereto or thereto (whether or not effective), (B) of the Agents and the Joint Lead Arrangers (without duplication) in connection with their syndication efforts with respect to this Agreement, (C) of the Agents and the Lenders
(limited, in the case of legal fees of the Agents and the Lenders, to the reasonable fees and disbursements of one firm of counsel for all Agents and Lenders (and, in the case of an actual or perceived conflict of interest where the Agent or the
Lender affected by such conflict has retained its own counsel, another firm of counsel for such group of similarly affected Agents and Lenders) and, to the extent required, one firm of local counsel in each relevant jurisdiction for all Agents and
Lenders) in connection with the enforcement of this Agreement and the other Credit Documents and the documents and instruments referred to herein and therein or in connection with any refinancing or restructuring of the credit arrangements provided
under this Agreement in the nature of a “work-out” or pursuant to any insolvency or bankruptcy proceedings and (D) of the Agents in connection with Collateral monitoring, Collateral reviews and
Appraisals and Field Examinations (limited, as set forth in Section 8.02); and (ii) indemnify each Agent, each Joint Lead Arranger, each Lender, each Issuing Bank and their respective Affiliates and branches, and the
officers, directors, employees, controlling persons, agents, advisors and other representatives of each of the foregoing (each, an “Indemnified Person”) from and hold each of them harmless against any and all liabilities (including
Environmental Liabilities), losses, damages, claims and expenses to which any such Indemnified Person may become subject, in each case arising out of or in connection with (w) any claim, litigation, investigation or proceeding relating to the
Credit Documents, (x) any use or proposed use of proceeds hereunder and any of the other transactions contemplated hereby and (y) to reimburse each such Indemnified Person upon demand for any reasonable and documented fees, disbursements
and other charges of counsel (limited to one firm of counsel for all Indemnified Persons (and, in the case of an actual or perceived conflict of interest where the Indemnified Person affected by such conflict has retained its own counsel, another
firm of counsel for such group of similarly affected Indemnified Persons) and, to the extent required, one firm of local counsel in each relevant jurisdiction for all Indemnified Persons) incurred in connection with investigating or defending any of
the foregoing (collectively, the “Indemnified Liabilities”); provided that the foregoing indemnity will not, as to any Indemnified Person, apply to liabilities, losses, damages, claims and expense to the extent that
(x) such liability, loss, damage, claim or expense resulted from the gross negligence, willful misconduct or bad faith of such Indemnified Person, any Affiliate or branch of such Indemnified Person or any of their respective officers,
directors, employees, controlling persons, agents, advisors and other representatives, as determined by a court of competent jurisdiction in a final and non-appealable decision, (y) in the case of any
claim, litigation, investigation or proceeding initiated by the Company or one of its Subsidiaries against any Agent, any Joint Lead Arranger, any Lender or any Issuing Bank, such liability, loss, damage, claim or expense resulted from a breach by
such Agent, such Joint Lead Arranger, such Lender or Issuing Bank, as applicable, or 

  
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its Affiliates or any of its or their respective officers, directors, employees, controlling persons, agents, advisors and other representatives of the obligations of such Agent, such Joint Lead
Arranger, such Lender or such Issuing Bank, as applicable, hereunder as determined by a court of competent jurisdiction in a final and non-appealable decision or (z) such liability, loss, damage, claim or
expense resulted from any claim, investigation, litigation or proceeding solely between and among Indemnified Persons and not arising from any act or omission by the Company or any of its Affiliates; provided that the Agents, the Joint Lead
Arrangers and the Issuing Banks to the extent fulfilling their respective roles as an Agent, Joint Lead Arranger or Issuing Bank hereunder and in their capacities as such, shall remain indemnified in such claim, investigation, litigation or
proceeding to the extent the exception set forth in clause (x) of the immediately preceding proviso does not apply to such Person at such time. For the avoidance of doubt, this Section 12.01(a)(ii) shall not apply to
any Taxes other than Taxes that represent liabilities, losses, damages, claims and expenses arising from a non-Tax claim. 

(b) (i) No Agent or any Indemnified Person shall be responsible or liable to any Credit Party or any other Person for any damages arising
from the use by others of information or other materials obtained through electronic, telecommunications or other information transmission systems, in each case, in the absence of gross negligence, willful misconduct or bad faith on the part of such
Agent or Indemnified Person (in each case, as determined by a court of competent jurisdiction in a final and non-appealable judgment) and (ii) no Agent, Indemnified Person or Credit Party or any
Subsidiary or Affiliate thereof shall be liable for any indirect, special, exemplary, incidental, punitive or consequential damages (including, without limitation, any loss of profits, business or anticipated savings) which may be alleged as a
result of this Agreement or any other Credit Document or the financing contemplated hereby; provided that nothing in this clause (b)(ii) shall limit the Credit Parties’ indemnification obligations pursuant to clause (a) above to the
extent such indirect, special, punitive or consequential damages are included in any third party claim in connection with which such Indemnified Person is entitled to indemnification under clause (a) above. 

12.02. Right of Setoff. In addition to any rights now or hereafter granted under applicable Requirements of Law or otherwise, and not
by way of limitation of any such rights, upon the occurrence and during the continuance of an Event of Default, the Administrative Agent and each Lender is hereby authorized at any time or from time to time, without presentment, demand, protest or
other notice of any kind to any Credit Party or to any other Person, any such notice being hereby expressly waived, to set off and to appropriate and apply any and all deposits (general or special, in whatever currency) (other than accounts used
exclusively for payroll, payroll taxes, fiduciary and trust purposes, and employee benefits) and any other Indebtedness (in whatever currency) at any time held or owing by the Administrative Agent or such Lender (including, without limitation, by
branches and agencies of the Administrative Agent or such Lender wherever located) to or for the credit or the account of the Company or any Restricted Subsidiaries against and on account of the Obligations of the Credit Parties that are at such
time due and owing to the Administrative Agent or such Lender under this Agreement or under any of the other Credit Documents. 

  
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 12.03. Notices. 

(a) Except as otherwise expressly provided herein or in any other Credit Document, all notices and other communications provided for hereunder
shall be in writing (including electronic communication) and mailed, or delivered: (x) if to any Credit Party, c/o Mattel, Inc., 333 Continental Boulevard, El Segundo, California 90245, Attention: Mandana Sadigh, Senior Vice President and
Treasurer (email: mandana.sadigh@mattel.com), with a copy to Mattel, Inc. Law Department – M1-1225, 333 Continental Boulevard, El Segundo, California 90245, Attention: Robert Normile, Executive Vice
President, Chief Legal Officer and Secretary; and (y) if to any Lender, at its address specified in writing to the Administrative Agent, at the Notice Office; or, (z) if to the Administrative Agent or the Collateral Agent, at their
addresses set forth on the signature page(s) hereof and at such other address as shall be designated by such party in a written notice to the other parties hereto. All such notices and communications shall, when mailed, sent by electronic
transmission or sent by overnight courier, be effective five (5) Business Days after deposit in the mails, one (1) Business Day after delivery to the overnight courier, or when received in the case of electronic transmission, except that
notices and communications to the Administrative Agent and the Credit Parties shall not be effective until received by the Administrative Agent or the Company, as the case may be. 

(b) Notices and other communications to the Lenders hereunder may be delivered or furnished by electronic communications pursuant to procedures
approved by the Administrative Agent. Each of the Administrative Agent and the Company may, in its respective 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. 
 12.04. Benefit of
Agreement; Assignments; Participations, etc. 
 (a) This Agreement shall be binding upon and inure to the benefit of the Credit Parties,
the Agents, the Lenders, the Issuing Banks and their respective successors and permitted assigns, (a) except as otherwise set forth herein or in any other Credit Document, no Borrower shall have the right to assign its rights or delegate its
obligations under any Credit Document; and (b) except that any assignment, transfer, participation or other disposition by a Lender of its rights and obligations under this Agreement or the other Credit Documents must be made in compliance with
this Section 12.04. The Administrative Agent may treat the Person which made any Loan as the owner thereof for all purposes until such Person makes an assignment in accordance with this
Section 12.04. Any authorization or consent of a Lender shall be conclusive and binding on any subsequent transferee, participant or assignee of such Lender. 

(b) A Lender may assign to an Eligible Assignee any of its rights and obligations under the Credit Documents, as long as (a) in the case
of a partial assignment, is in a minimum principal amount of $5,000,000 (unless otherwise agreed by Administrative Agent and the Company in their reasonable discretion) and integral multiples of $100,000 in excess of that amount; (b) except in
the case of an assignment in whole of a Lender’s rights and obligations, the aggregate amount of the Commitments retained by the transferor Lender is at least $5,000,000 (unless otherwise agreed by the Administrative Agent and the Company in
their reasonable discretion); and (c) except as otherwise provided in Section 3.04, the parties to each such 

  
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assignment shall execute and deliver an Assignment and Assumption Agreement to the Administrative Agent for acceptance and recording. For the avoidance of doubt, there is no prohibition on
assignments of Loans or Commitments under one Revolving A Subfacility without a pro rata assignment of Loans or Commitments under the other Revolving A Subfacilities. Nothing herein shall limit the right of a Lender to pledge or assign any rights
under the Credit Documents to secure obligations of such Lender to a Federal Reserve Bank; provided, however, that no such pledge or assignment shall release the Lender from its obligations hereunder nor substitute the pledgee or
assignee for such Lender as a party hereto. 
 (c) Upon delivery to the Administrative Agent of an assignment notice in the form of
Exhibit I and a processing fee of $3,500 (unless otherwise agreed by the Administrative Agent in its discretion or otherwise not payable due to the operation of Section 3.04), the assignment shall become effective as
specified in the notice, if it complies with this Section 12.04. From such effective date, the Eligible Assignee shall for all purposes be a Lender under the Credit Documents, and shall have all rights and obligations of a
Lender thereunder. Upon consummation of an assignment, the transferor Lender, the Administrative Agent and the Company shall make appropriate arrangements for issuance of replacement and/or new Notes, if applicable, but the Company shall have no
obligation to issue any new Notes unless and until the Note of the transferor Lender shall have been returned to, and cancelled by, the Company or a lost note affidavit reasonably satisfactory to the Company has been obtained. The transferee Lender
shall comply with Section 4 and deliver, upon request, an administrative questionnaire satisfactory to the Administrative Agent. 

(d) No assignment or participation may be made to a Borrower, Affiliate of a Borrower, Defaulting Lender, Competitor or natural person. The
Administrative Agent has no obligation to determine whether any assignee is permitted under the Credit Documents. Except as otherwise set forth in Section 3.04, any assignment by a Defaulting Lender shall be effective only
if there is concurrent satisfaction of all outstanding obligations of the Defaulting Lender under the Credit Documents in a manner reasonably satisfactory to the Administrative Agent and the Company, including payment by the Eligible Assignee or
Defaulting Lender to the Administrative Agent of an aggregate amount sufficient upon distribution (through direct payment, purchases of participations or other methods acceptable to the Administrative Agent) to satisfy all funding and payment
liabilities of the Defaulting Lender. Except as otherwise set forth in Section 3.04, if assignment by a Defaulting Lender occurs (by operation of law or otherwise) without compliance with the foregoing sentence, the
assignee shall be deemed a Defaulting Lender for all purposes until compliance occurs. 
 (e) The Administrative Agent, acting as a non-fiduciary agent of the Borrowers (solely for tax purposes), shall maintain (i) a copy (or electronic equivalent) of each Assignment and Assumption Agreement delivered to it, and (ii) a register for
recordation of the names, addresses and Commitments of, and the Loans, interest and LC Obligations owing to, each Lender. Entries in the register shall be conclusive, absent manifest error, and the Borrowers, the Administrative Agent and the Lenders
shall treat each Person recorded in such register as a Lender for all purposes under the Credit Documents, notwithstanding any notice to the contrary. The register shall be available for inspection by the Borrowers and, solely with respect to its
own Loans and Commitments, any Lender, from time to time upon reasonable notice. 

  
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 (f) Subject to this Section 12.04, any Lender may sell to a financial
institution (“Participant”) a participating interest in the rights and obligations of such Lender under any Credit Document. Despite any sale by a Lender of participating interests to a Participant, such Lender’s obligations
under the Credit Documents shall remain unchanged, it shall remain solely responsible to the other parties hereto for performance of such obligations, it shall remain the holder of its Loans and Commitments for all purposes, all amounts payable by
the Borrowers shall be determined as if it had not sold such participating interests, and the Borrowers and the Administrative Agent shall continue to deal solely and directly with such Lender in connection with the Credit Documents. Each Lender
shall be solely responsible for notifying its Participants of any matters under the Credit Documents, and the Administrative Agent and the other Lenders shall not have any obligation or liability to any such Participant. 

(g) The Credit Parties agree that each Participant shall be entitled to the benefits of Sections 3.01, 3.02 and 4.01
(subject to the requirements and limitations of such Sections, including Sections 4.01(c) and 4.01(d) (it being understood that the documentation required under Sections 4.01(c) and 4.01(d) shall be delivered to the
participating Lender), and Section 3.04) to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to Section 12.04(b); provided that a Participant shall
not be entitled to receive any greater payment under Sections 3.01, 3.02 or 4.01 hereof than the applicable Lender would have been entitled to receive with respect to the participating interest sold to such Participant, unless
such entitlement to receive a greater payment results from a change in any Requirement of Law occurring after the sale of the participation takes place. 

(h) Each Lender shall retain the sole right to approve, without the consent of any Participant, any amendment, waiver or other modification of
a Credit Document other than that which requires the consent of all Lenders or each affected Lender. 
 (i) Each Lender that sells a
participation shall, acting as a non-fiduciary agent of the Borrowers (solely for Tax purposes), maintain a register in which it enters the Participant’s name, address and interest in Commitments, Loans
(and stated interest) and LC Obligations. Entries in the register shall be conclusive, absent manifest error, and such Lender shall treat each Person recorded in the register as the owner of the participation for all purposes, notwithstanding any
notice to the contrary. No Lender shall have an obligation to disclose any information in such register except to the extent necessary to establish that a Participant’s interest is in registered form under the Code and Treasury Regulations. For
the avoidance of doubt, the Administrative Agent (in its capacity as Administrative Agent) shall have no responsibility for maintaining a register pursuant to this Section 12.04(i). 

12.05. No Waiver; Remedies Cumulative. No failure or delay on the part of the Administrative Agent, the Collateral Agent, the
Australian Security Trustee or any Lender in exercising any right, power or privilege hereunder or under any other Credit Document and no course of dealing between the Borrowers or any other Credit Party and the Administrative Agent, the Collateral
Agent, the Australian Security Trustee or any Lender shall operate as a waiver thereof; nor shall any single or partial exercise of any right, power or privilege hereunder or under any other Credit Document preclude any other or further exercise
thereof or the exercise of any other right, power or privilege hereunder or thereunder. The rights, powers and remedies herein or in any other Credit Document expressly provided are cumulative and not exclusive of 

  
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any rights, powers or remedies which the Administrative Agent, the Collateral Agent, the Australian Security Trustee or any Lender would otherwise have. 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 or constitute a waiver of the rights of the Administrative Agent, the Collateral Agent, the Australian Security Trustee or any
Lender to any other or further action in any circumstances without notice or demand. 
 12.06. [Reserved]. 

12.07. GOVERNING LAW; SUBMISSION TO JURISDICTION; VENUE; WAIVER OF JURY TRIAL; JUDICIAL REFERENCE PROVISION. 

(a) THIS AGREEMENT (EXCEPT FOR SECTION 11.15, WHICH SHALL BE GOVERNED BY THE LAWS OF THE PROVINCE OF QUEBEC) SHALL BE GOVERNED BY, AND
CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
 (b) EACH PARTY TO THIS AGREEMENT CONSENTS TO THE EXCLUSIVE JURISDICTION
OF ANY STATE COURT SITTING IN NEW YORK COUNTY OR THE UNITED STATES DISTRICT COURT OF THE SOUTHERN DISTRICT OF NEW YORK, IN ANY DISPUTE, ACTION, LITIGATION OR OTHER PROCEEDING RELATING IN ANY WAY TO ANY CREDIT DOCUMENT, AND AGREES THAT ANY DISPUTE,
ACTION, LITIGATION OR OTHER PROCEEDING SHALL BE BROUGHT BY IT SOLELY IN ANY SUCH COURT. EACH PARTY TO THIS AGREEMENT IRREVOCABLY AND UNCONDITIONALLY WAIVES ALL CLAIMS, OBJECTIONS AND DEFENSES THAT IT MAY HAVE REGARDING ANY SUCH COURT’S PERSONAL
OR SUBJECT MATTER JURISDICTION, VENUE OR INCONVENIENT FORUM. EACH PARTY TO THIS AGREEMENT IRREVOCABLY AND UNCONDITIONALLY SUBMITS TO THE JURISDICTION OF SUCH COURTS AND CONSENTS TO SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES IN SECTION
12.03. A FINAL JUDGMENT IN ANY PROCEEDING OF ANY SUCH COURT SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR ANY OTHER MANNER PROVIDED BY APPLICABLE REQUIREMENT OF LAW. NOTWITHSTANDING THE FOREGOING AND
FOR FURTHER CERTAINTY, NOTHING IN THIS AGREEMENT OR ANY OTHER CREDIT DOCUMENT SHALL AFFECT ANY RIGHT THAT ANY AGENT, ANY ISSUING BANK OR ANY LENDER MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING AGAINST ANY CREDIT PARTY OR THEIR PROPERTY IN
THE COURTS OF ANY JURISDICTION. 
 (c) EACH OF THE PARTIES TO THIS AGREEMENT HEREBY IRREVOCABLY WAIVES ALL RIGHT TO A TRIAL BY JURY IN ANY
ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS AGREEMENT, THE OTHER CREDIT DOCUMENTS OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. 

  
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 (d) IN THE EVENT ANY LEGAL PROCEEDING IS FILED IN A COURT OF THE STATE OF CALIFORNIA (THE
“COURT”) BY OR AGAINST ANY PARTY HERETO IN CONNECTION WITH ANY CLAIM AND THE WAIVER SET FORTH IN SECTION 12.07(c) ABOVE IS NOT ENFORCEABLE IN SUCH PROCEEDING, THE PARTIES HERETO AGREE AS FOLLOWS: 

(i) WITH THE EXCEPTION OF THE MATTERS SPECIFIED IN SECTION 12.07(d)(ii) BELOW, ANY CLAIM SHALL BE
DETERMINED BY A GENERAL REFERENCE PROCEEDING IN ACCORDANCE WITH THE PROVISIONS OF CALIFORNIA CODE OF CIVIL PROCEDURE SECTIONS 638 THROUGH 645.1. THE PARTIES INTEND THIS GENERAL REFERENCE AGREEMENT TO BE SPECIFICALLY ENFORCEABLE. VENUE FOR THE
REFERENCE PROCEEDING SHALL BE IN THE COUNTY OF LOS ANGELES, CALIFORNIA. 
 (ii) THE FOLLOWING MATTERS SHALL NOT BE SUBJECT TO
A GENERAL REFERENCE PROCEEDING: (A) NON-JUDICIAL FORECLOSURE OF ANY SECURITY INTERESTS IN REAL OR PERSONAL PROPERTY, (B) EXERCISE OF SELF-HELP REMEDIES (INCLUDING
SET-OFF OR RECOUPMENT), (C) APPOINTMENT OF A RECEIVER, AND (D) TEMPORARY, PROVISIONAL, OR ANCILLARY REMEDIES (INCLUDING WRITS OF ATTACHMENT, WRITS OF POSSESSION, TEMPORARY RESTRAINING ORDERS, OR
PRELIMINARY INJUNCTIONS). THIS AGREEMENT DOES NOT LIMIT THE RIGHT OF ANY PARTY TO EXERCISE OR OPPOSE ANY OF THE RIGHTS AND REMEDIES DESCRIBED IN CLAUSES (A)—(D) AND ANY SUCH EXERCISE OR OPPOSITION DOES NOT WAIVE THE RIGHT OF ANY PARTY TO
PARTICIPATE IN A REFERENCE PROCEEDING PURSUANT TO THIS AGREEMENT WITH RESPECT TO ANY OTHER MATTER. 
 (iii) UPON THE WRITTEN
REQUEST OF ANY PARTY, THE PARTIES SHALL SELECT A SINGLE REFEREE, WHO SHALL BE A RETIRED JUDGE OR JUSTICE. IF THE PARTIES DO NOT AGREE UPON A REFEREE WITHIN 10 DAYS OF SUCH WRITTEN REQUEST, THEN, ANY PARTY SHALL HAVE THE RIGHT TO REQUEST THE COURT TO
APPOINT A REFEREE PURSUANT TO CALIFORNIA CODE OF CIVIL PROCEDURE SECTION 640(B). THE REFEREE SHALL BE APPOINTED TO SIT WITH ALL OF THE POWERS PROVIDED BY LAW. PENDING APPOINTMENT OF THE REFEREE, THE COURT SHALL HAVE THE POWER TO ISSUE TEMPORARY
OR PROVISIONAL REMEDIES. 
 (iv) EXCEPT AS EXPRESSLY SET FORTH IN THIS AGREEMENT, THE REFEREE SHALL DETERMINE THE MANNER IN
WHICH THE REFERENCE PROCEEDING IS CONDUCTED INCLUDING THE TIME AND PLACE OF HEARINGS, THE ORDER OF PRESENTATION OF EVIDENCE, AND ALL OTHER QUESTIONS THAT ARISE WITH RESPECT TO THE COURSE OF THE REFERENCE PROCEEDING. ALL PROCEEDINGS AND HEARINGS
CONDUCTED BEFORE THE REFEREE, EXCEPT FOR TRIAL, SHALL BE CONDUCTED WITHOUT A COURT REPORTER, EXCEPT WHEN ANY PARTY SO REQUESTS A COURT REPORTER AND A TRANSCRIPT IS ORDERED, A COURT REPORTER SHALL BE USED AND THE REFEREE SHALL BE

  
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PROVIDED A COURTESY COPY OF THE TRANSCRIPT. THE PARTY MAKING SUCH REQUEST SHALL HAVE THE OBLIGATION TO ARRANGE FOR AND PAY THE COSTS OF THE COURT REPORTER, PROVIDED THAT SUCH COSTS, ALONG WITH
THE REFEREE’S FEES, SHALL ULTIMATELY BE BORNE BY THE PARTY WHO DOES NOT PREVAIL, AS DETERMINED BY THE REFEREE. 
 (v)
THE REFEREE MAY REQUIRE ONE OR MORE PREHEARING CONFERENCES. THE PARTIES HERETO SHALL BE ENTITLED TO DISCOVERY, AND THE REFEREE SHALL OVERSEE DISCOVERY IN ACCORDANCE WITH THE RULES OF DISCOVERY, AND SHALL ENFORCE ALL DISCOVERY ORDERS IN THE SAME
MANNER AS ANY TRIAL COURT JUDGE IN PROCEEDINGS AT LAW IN THE STATE OF CALIFORNIA. 
 (vi) THE REFEREE SHALL APPLY THE RULES
OF EVIDENCE APPLICABLE TO PROCEEDINGS AT LAW IN THE STATE OF CALIFORNIA AND SHALL DETERMINE ALL ISSUES IN ACCORDANCE WITH CALIFORNIA SUBSTANTIVE AND PROCEDURAL LAW. THE REFEREE SHALL BE EMPOWERED TO ENTER EQUITABLE AS WELL AS LEGAL RELIEF AND RULE
ON ANY MOTION WHICH WOULD BE AUTHORIZED IN A TRIAL, INCLUDING MOTIONS FOR DEFAULT JUDGMENT OR SUMMARY JUDGMENT. THE REFEREE SHALL REPORT HIS OR HER DECISION, WHICH REPORT SHALL ALSO INCLUDE FINDINGS OF FACT AND CONCLUSIONS OF LAW. THE REFEREE SHALL
ISSUE A DECISION AND PURSUANT TO CALIFORNIA CODE OF CIVIL PROCEDURE, SECTION 644, THE REFEREE’S DECISION SHALL BE ENTERED BY THE COURT AS A JUDGMENT IN THE SAME MANNER AS IF THE ACTION HAD BEEN TRIED BY THE COURT. THE FINAL JUDGMENT OR
ORDER FROM ANY APPEALABLE DECISION OR ORDER ENTERED BY THE REFEREE SHALL BE FULLY APPEALABLE AS IF IT HAS BEEN ENTERED BY THE COURT. 

(vii) THE PARTIES RECOGNIZE AND AGREE THAT ALL CLAIMS RESOLVED IN A GENERAL REFERENCE PROCEEDING PURSUANT HERETO WILL BE
DECIDED BY A REFEREE AND NOT BY A JURY. AFTER CONSULTING (OR HAVING HAD THE OPPORTUNITY TO CONSULT) WITH COUNSEL OF THEIR OWN CHOICE, EACH PARTY HERETO KNOWINGLY AND VOLUNTARILY AND FOR THEIR MUTUAL BENEFIT AGREES THAT THIS REFERENCE PROVISION SHALL
APPLY TO ANY DISPUTE BETWEEN THEM THAT ARISES OUT OF OR IS RELATED TO THIS AGREEMENT OR THE OTHER CREDIT DOCUMENTS. 
 12.08.
Counterparts. This Agreement may be executed in any number of counterparts and by the different parties hereto on separate counterparts (including by facsimile or other electronic transmission (i.e., a “pdf” or “tif”),
each of which when so executed and delivered shall be an original, but all of which shall together constitute one and the same instrument. A set of counterparts executed by all the parties hereto shall be lodged with the Company and the
Administrative Agent. 

  
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 12.09. Headings Descriptive. The headings of the several Sections and subsections of this
Agreement are inserted for convenience only and shall not in any way affect the meaning or construction of any provision of this Agreement. 

12.10. Amendment or Waiver; etc. 

(a) Subject to Section 3.01(a), no amendment or waiver of any provision of this Agreement or any other Credit
Document, and no consent to any departure by any Borrower or any other Credit Party therefrom, shall be effective unless in writing signed by the Required Lenders and the Borrowers or the applicable Credit Party, as the case may be, and acknowledged
by the Administrative Agent (although additional parties may be added to (and annexes may be modified to reflect such additions), the Credit Party Guarantees or the Security Documents in accordance with the provisions hereof and thereof without the
consent of the other Credit Parties party thereto or the Required Lenders), 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: 
 (i) waive any condition set forth in Section 5 (other than
Section 5.01(h)), or, in the case of the initial Credit Extension on the applicable Closing Date, Section 6, without the written consent of each Lender; 

(ii) without limiting the generality of clause (i) above, waive any condition set forth in
Section 6 as to any Credit Extension (A) consisting of Revolving A Loans, Swingline Loans or LC Credit Extensions with respect to any Revolving A Subfacility after the applicable Closing Date without the written
consent of the Required Revolving A Lenders with respect to such Revolving A Subfacility and (B) consisting of Revolving B Loans after the Initial Closing Date without the written consent of the Required Revolving B Lenders; 

(iii) extend or increase the Commitment of any Lender (or reinstate any Commitment terminated pursuant to
Section 10) without the written consent of such Lender; 
 (iv) postpone any date fixed by this
Agreement or any other Credit Document for any payment (excluding mandatory prepayments) of principal, interest (other than interest payable pursuant to Section 2.06(m)), fees or other amounts due to the Lenders (or any of
them) hereunder or under such other Credit Document without the written consent of each Lender entitled to such payment; 

(v) reduce the principal of, or the rate of interest specified herein on, any Loan or LC Credit Extension, or (subject to the
second proviso to this Section 12.10(a)) any fees or other amounts payable hereunder or under any other Credit Document, or change the manner of computation of any financial ratio (including any change in any applicable
defined term) used in determining the Applicable Margin or the FILO Applicable Margin that would result in a reduction of any interest rate on any Loan or any fee payable hereunder, without, in each case, the written consent of each Lender entitled
to such amount; provided, however, that only the consent of the Required 

  
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Lenders shall be necessary (A) to amend the interest rate described in Section 2.06(m) or to waive any obligation of the Borrowers to pay interest or LC
Participation Fees at the interest rate described in Section 2.06(m) or (B) 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 Credit Extension or to reduce any fee payable hereunder; 
 (vi) change (A) any pro rata
sharing provision of Section 2.10, (B) any payment waterfall provision of Section 10.02, or (C) the order of application of any reduction in the Commitments or any prepayment of Loans
from the application thereof set forth in the applicable provisions of Section 2.09(b) or 2.09(c), respectively, in any manner that affects the Lenders under a Revolving A Subfacility or under the Revolving B
Facility without the written consent of (x) in the case of a Revolving A Subfacility, the affected Revolving A Lenders and (y) in the case of the Revolving B Facility, the affected Revolving B Lenders; 

(vii) change (A) any provision of this Section 12.10(a) 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 (other than the definitions
specified in clauses (B) through (C) of this Section 12.10(a)(vii)), without the written consent of each Lender, (B) the definition of “Required Revolving A Lenders” or “Supermajority Revolving
A Lenders” without the written consent of each Lender under the Revolving A Subfacilities or (C) the definition of “Required Revolving B Lenders” or “Supermajority Revolving B Lenders” without the written consent of
each Lender under the Revolving B Facility; 
 (viii) release all or substantially all of the Collateral, or contractually
subordinate the Liens thereon securing the Obligations, in any transaction or series of related transactions, without the written consent of each Lender; 

(ix) release all or substantially all of the value of the Guarantees, without the written consent of each Lender adversely
affected by such release, except to the extent the release of any Subsidiary from a Guarantee is permitted pursuant to Section 9.11 (in which case such release may be made by the Administrative Agent acting alone); 

(x) impose any greater restriction on the ability of any Lender to assign any of its rights or obligations hereunder without
the written consent of (A) in the case of a Lender under a Revolving A Subfacility, the Required Revolving A Lenders and (B) in the case of a Lender under the Revolving B Facility, the Required Revolving B Lenders; 

(xi) consent to the assignment or transfer by any Borrower of any of its rights or obligations under this Agreement without the
written consent of each Lender, in each case other than assignment or transfer occurring as a result of a transaction permitted pursuant to Section 9.11 (as such Section 9.11 may be modified or
amended with the consent of Required Lenders); 

  
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 (xii) contractually subordinate the Obligations without the written consent of
(A) in the case of Obligations under a Revolving A Subfacility, each Revolving A Lender under such Revolving A Subfacility and (B) in the case of Obligations under the Revolving B Facility, each Revolving B Lender; 

(xiii) without the written consent of each Agent adversely affected thereby, amend, modify or waive any provision of
Section 11 or any other provision as the same relates to the rights or obligations of such Agent; 

(xiv) without the written consent of Collateral Agent, amend, modify or waive any provision relating to the rights or
obligations of the Collateral Agent; 
 (xv) without the written consent of the Australian Security Trustee, amend, modify or
waive any provision relating to the rights or obligations of the Australian Security Trustee; 
 (xvi) without the written
consent of an Issuing Bank or a Swingline Lender, amend, modify or waive any provision relating to the rights or obligations of such Issuing Bank or such Swingline Lender; 

(xvii) without the written consent of (A) the Supermajority Revolving A Lenders with respect to a Revolving A Subfacility,
change the definition of the terms “U.S. Revolving A Borrowing Base,” “FILO Borrowing Base,” “Canadian Borrowing Base,” “French Borrowing Base,” “European (GNU) Borrowing Base,” “Dutch Borrowing
Base,” “U.K. Borrowing Base,” “German Borrowing Base,” “Spanish Borrowing Base” or “Australian Borrowing Base”, as applicable, or any component definition used therein (including, without limitation, the
definitions of “Eligible Account”, “Eligible In-Transit Inventory” and “Eligible Inventory”) and (B) the Supermajority Revolving A Lenders, change the definition of the term
“Borrowing Base” if, in each case, as a result of such change, the amounts available to be borrowed by the Revolving Borrowers thereunder would be increased or add any new classes of eligible assets thereto; provided that the
foregoing shall not limit the discretion of the Administrative Agent to change, establish or eliminate any Reserves or to add Accounts and Inventory acquired in a Permitted Acquisition to the Borrowing Base as provided herein; provided,
further, that the Approved Extended Term Account Debtor Agreement may be amended, or rights or privileges thereunder waived, in a writing executed only by the Company, the Administrative Agent and the Required Revolving A Lenders; 

(xviii) without the written consent of the Supermajority Revolving B Lenders, change the definition of the terms
“Revolving B Borrowing Base” or “Borrowing Base” or any component definition used therein (in the case of the term “Borrowing Base” solely a component definition that directly relates to the Revolving B Facility)
(including, without limitation, the definitions of “Eligible U.S. Real Estate”, “Eligible Fee-Owned Real Estate” and “Eligible U.S. Intellectual Property”) if, as a result of such
change, the amounts available to be borrowed by the Revolving Borrowers would be increased or add any new classes of eligible assets thereto; provided that the foregoing shall not limit the discretion of the Administrative Agent to change,
establish or eliminate any Reserves or to add Real Property and Intellectual Property acquired in a Permitted Acquisition to the Borrowing Base as provided herein; 

  
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 (xix) without the written consent of each Revolving A Lender, increase the
percentages set forth in the terms “U.S. Revolving A Borrowing Base,” “FILO Borrowing Base,” “Canadian Borrowing Base,” “French Borrowing Base,” “European (GNU) Borrowing Base,” “Dutch Borrowing
Base,” “U.K. Borrowing Base,” “German Borrowing Base,” “Spanish Borrowing Base,” or “Australian Borrowing Base”; 

(xx) without the written consent of each Revolving B Lender, increase the percentages set forth in the term “Revolving B
Borrowing Base”; 
 (xxi) without the written consent of each Revolving A Lender, reduce the percentage specified in the
definition of “North American Minimum Requirement”; or 
 (xxii) without the written consent of each Lender
adversely affected thereby, amend, modify or waive any provision of Section 2.15(d)(iv) or Section 2.19(a)(II); 

and provided, further, that the Fee Letter may be amended, or rights or privileges thereunder waived, in a writing executed only by the parties
thereto. 
 (b) Notwithstanding any provision herein to the contrary, this Agreement may be amended with the written consent of the Required
Lenders, the Administrative Agent and the Borrowers (i) to add one or more additional revolving credit or term loan facilities to this Agreement and to permit the extensions of credit and all related obligations and liabilities arising in
connection therewith from time to time outstanding to share ratably (or on a basis subordinated to the existing facilities hereunder) in the benefits of this Agreement and the other Credit Documents with the obligations and liabilities from time to
time outstanding in respect of the existing facilities hereunder, and (ii) in connection with the foregoing, to permit, as deemed appropriate by the Administrative Agent and approved by the Required Lenders, the Lenders providing such
additional credit facilities to participate in any required vote or action required to be approved by the Required Lenders, the Supermajority Revolving A Lenders, the Required Revolving A Lenders, the Supermajority Revolving B Lenders, the Required
Revolving B Lenders, or by any other number, percentage or class of Lenders hereunder. 
 (c) Reserved. 

(d) Notwithstanding anything to the contrary contained in clause (a) of this Section 12.10, the Revolving
Borrowers, the Administrative Agent, the Collateral Agent, the Australian Security Trustee and each Lender providing the relevant Revolving A Commitment Increase may (i) in accordance with the provisions of
Section 2.15, enter into an Incremental Revolving A Commitment Agreement, and (ii) in accordance with the provisions of Section 2.19, enter into an Extension Amendment and, in each case, make
any changes to this Agreement in order to effect the provisions of such Sections as permitted by such Sections; provided that after the execution and delivery thereof by the Revolving Borrowers, the Administrative Agent, the Collateral Agent,
the Australian Security Trustee and each such Lender, this Agreement may thereafter only be modified in accordance with the requirements of clause (a) above of this Section 12.10. 

  
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 (e) Without the consent of any other Person, the applicable Credit Party or Credit Parties and
the Administrative Agent and/or Collateral Agent and/or the Australian Security Trustee may (in its or their respective sole discretion, or shall, to the extent required by any Credit Document) enter into any amendment or waiver of any Credit
Document, or enter into any new agreement or instrument, to effect the granting, perfection, protection, expansion or enhancement of any security interest in any Collateral or additional property to become Collateral for the benefit of the Secured
Creditors, or as required by local Requirements of Law to give effect to, or protect any security interest for the benefit of the Secured Creditors, in any property or so that the security interests therein comply with applicable Requirements of
Law. 
 (f) Anything herein to the contrary notwithstanding, during such period as a Lender is a Defaulting Lender, to the fullest extent
permitted by applicable Requirements of Law, such Lender will not be entitled to vote in respect of amendments, waivers and consents hereunder and the Commitment and the outstanding Loans or other extensions of credit of such Lender hereunder will
not be taken into account in determining whether the Required Lenders, the Supermajority Revolving A Lenders, the Required Revolving A Lenders, the Supermajority Revolving B Lenders, the Required Revolving B Lenders or all of the Lenders, as
required, have approved any such amendment, waiver or consent (and the definitions of “Required Lenders”, “Supermajority Revolving A Lenders”, “Required Revolving A Lenders”, “Supermajority Revolving B
Lenders” and “Required Revolving B Lenders” will automatically be deemed modified accordingly for the duration of such period); provided that (i) any waiver, amendment or modification requiring the consent of all Lenders
or each affected Lender which affects such Defaulting Lender differently than other affected Lenders shall require the consent of such Defaulting Lender and (ii) the Commitment of any Defaulting Lender may not be increased or extended, the
maturity of any of its Loans may not be extended, the rate of interest on any of its Loans may not be reduced and the principal amount of any of its Loans may not be forgiven, in each case without the consent of such Defaulting Lender. 

(g) Further, notwithstanding anything to the contrary contained in this Section 12.10, if following the Initial
Closing Date, the Administrative Agent and any Credit Party shall have jointly identified an any error, ambiguity, omission, defect or inconsistency, in each case, in any provision of the Credit Documents, then the Administrative Agent and the
Credit Parties shall be permitted to amend such provision by an agreement in writing (including, without limitation any amendment, supplement or waiver to this Agreement, any Security Document, any guarantee, any intercreditor agreement or any
related document executed by any Credit Party or any other Subsidiary of the Company in connection with this Agreement or any other Credit Document if such amendment, supplement or waiver is delivered in order to cause this Agreement or such
Security Agreement, guarantee, intercreditor agreement or related document, as applicable, to be consistent with this Agreement and the other Credit Documents) and such amendment shall become effective without any further action or consent of any
other party to any Credit Document if the same is not objected to in writing by the Required Lenders within five (5) Business Days following receipt of notice thereof. 

(h) Notwithstanding the foregoing, (A) the consent of the Lenders or the Required Lenders, as the case may be, shall not be required to
make any such changes necessary to be made in connection with the provision of any Revolving A Commitment Increase or otherwise to effect the provisions of Sections 2.15, 2.19, 2.20 or 2.21 and (B) the Company, the

  
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Administrative Agent, the Collateral Agent, the Australian Security Trustee and the other Credit Parties may, without the input or consent of the other Lenders, (i) negotiate the form of any
Mortgage or other Security Document as may be necessary or appropriate in the opinion of the Administrative Agent and the Company (x) in connection with any Additional Account Security Action or Additional Inventory Security Action, (y) to
comply with the Collateral and Guarantee Requirement or (z) to otherwise comply with this Agreement, (ii) execute, deliver and perform any new Security Document or intercreditor agreement or amendment to any Security Document or
intercreditor agreement or enter into any amendment to the Security Documents or intercreditor agreement as may be necessary or appropriate in the opinion of the Administrative Agent and the Company (x) in connection with any Additional Account
Security Action or Additional Inventory Security Action, (y) to comply with the Collateral and Guarantee Requirement or (z) otherwise comply with this Agreement and (iii) terminate any Security Document not required by the Collateral
and Guarantee Requirement. 
 (i) To the extent notice has been provided to the Administrative Agent pursuant to
Section 2.15 with respect to any new financial maintenance covenant or any more restrictive financial maintenance covenant, this Agreement shall be automatically and without further action on the part of any Person
hereunder and notwithstanding anything to the contrary in this Section 12.10 deemed modified to include such financial maintenance covenant or such more restrictive financial maintenance covenant on the date of the
Incurrence of the applicable Indebtedness to the extent required by the terms of such section. 
 12.11. Survival. All indemnities
set forth herein including, without limitation, in Sections 3.01, 3.02, 4.01, 11.07 and 12.01 shall survive the execution, delivery and termination of this Agreement and the Notes and the making
and repayment of the Obligations. 
 12.12. Domicile of Loans. Each Lender may transfer and carry its Loans at, to or for the account
of any office, branch, Subsidiary or Affiliate of such Lender. Notwithstanding anything to the contrary contained herein, to the extent that a transfer of Loans pursuant to this Section 12.12 would, at the time of such
transfer, result in increased costs under Sections 3.01 or 4.01 from those being charged by the respective Lender prior to such transfer, then the Borrowers shall not be obligated to pay such increased costs (although the Borrowers
shall be obligated to pay any other increased costs of the type described above resulting from changes after the date of the respective transfer). 

12.13. Release of Collateral or Guarantors. 

(a) The Agents, the Lenders and the Issuing Banks hereby irrevocably agree that the Liens granted to the Collateral Agent and the Australian
Security Trustee by the Credit Parties on any Collateral shall be automatically released (i) in full, as set forth in clause (b) below, (ii) upon the sale, transfer, or other disposition of such Collateral (including as part of or in
connection with any other sale, transfer, or other disposition permitted hereunder) to any Person other than with respect to (A) a transfer by a U.S. Credit Party to another U.S. Credit Party, (B) a transfer by a Foreign Credit Party or a
FSHCO Guarantor to another Credit Party or (C) a transfer by a U.S. Credit Party to a Foreign Credit Party or FSHCO Guarantor if, in the case of this clause (C), the Collateral Agent and the Australian Security Trustee (as applicable) have
a local law security interest in the jurisdiction of such Foreign Credit Party or FSHCO Guarantor, as applicable, to 

  
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the extent such sale, transfer, or other disposition is made in compliance with the terms of this Agreement (and the Administrative Agent, the Collateral Agent, and the Australian Security
Trustee may rely conclusively on a certificate to that effect provided to it by any Credit Party upon its reasonable request without further inquiry), (iii) to the extent such Collateral is comprised of property leased to a Credit Party by a Person
that is not a Credit Party, upon termination or expiration of such lease, (iv) if the release of such Lien is approved, authorized or ratified in writing by the Required Lenders (or such other percentage of the Lenders whose consent may be
required in accordance with Section 12.10), (v) to the extent the property constituting such Collateral is owned by any Guarantor, upon the release of such Guarantor from its obligations under its Guarantee, (vi) as
required by Collateral Agent or the Australian Security Trustee to effect any sale, transfer or other disposition of Collateral in connection with any exercise of remedies of the Collateral Agent or the Australian Security Trustee pursuant to the
Security Documents, (vii) if a U.S. Subsidiary Guarantor becomes a FSHCO or a direct or indirect Subsidiary of a CFC or FSHCO, so long as such U.S. Subsidiary Guarantor, concurrently with such release of the applicable Liens, (A) becomes a
Foreign Credit Party or FSHCO Guarantor and (B) complies with the Collateral and Guarantee Requirement applicable to such Foreign Credit Party or FSHCO Guarantor, and (viii) upon the request of the Company, any asset or property of any
Credit Party included in the Collateral to the extent such asset or property is not required by the Collateral and Guarantee Requirement to be included in the Collateral, so long as upon the release of the Collateral Agent’s or the Australian
Security Trustee’s Lien on such asset or property, such property or asset is no longer included in the Borrowing Base (including, for the avoidance of doubt, the Dutch Borrowing Base, the U.K. Borrowing Base, the German Borrowing Base and the
Spanish Borrowing Base) and the Company shall continue to be in compliance with the Collateral and Guarantee Requirement. Any such release shall not in any manner discharge, affect, or impair the Obligations or any Liens (other than those being
released) upon all interests retained by the Credit Parties, including the proceeds of any disposition, all of which shall continue to constitute part of the Collateral except to the extent otherwise released in accordance with the provisions of the
Credit Documents. Additionally, the Agents, the Lenders and the Issuing Banks hereby irrevocably agree that each Guarantor shall be released from its Guarantee upon consummation of any transaction permitted hereunder resulting in such Subsidiary
ceasing to constitute a Restricted Subsidiary, or otherwise becoming an Excluded Subsidiary. The Lenders and the Issuing Banks hereby authorize the Administrative Agent, the Collateral Agent and the Australian Security Trustee, as applicable, to
execute and deliver any instruments, documents, and agreements necessary or desirable to evidence and confirm the release of any Guarantor or Collateral pursuant to the foregoing provisions of this paragraph, all without the further consent or
joinder of any Lender or any Issuing Bank, and upon request of the Company, the Administrative Agent and/or the Collateral Agent and/or the Australian Security Trustee, as applicable, shall (without vote or consent of any Secured Creditor) take such
actions as shall be required to consummate such release. Any representation, warranty or covenant contained in any Credit Document relating to any such released Collateral or Guarantor shall no longer be deemed to be repeated. 

(b) Upon the occurrence of the Payment in Full Date, upon request of the Company, the Administrative Agent and/or the Collateral Agent and/or
the Australian Security Trustee, as applicable, shall (without notice to, or vote or consent of, any Secured Creditor) take such actions as shall be required to release its security interest in all Collateral, and to release all obligations under,
and terminate, any Credit Document, whether or not on the date of such 

  
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release and termination there may be any (i) Secured Bank Product Obligations or (ii) any contingent indemnification obligations or other contingent obligations not then due and
payable. Any such release and termination of Obligations shall be deemed subject to the provision that such 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 any 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, any Borrower or any Guarantor or any substantial part of its property, or otherwise, all as though such payment had not been made. 

12.14. Confidentiality. Each Agent, Joint Lead Arranger, Co-Syndication Agent, Co-Documentation Agent, Lender and Issuing Bank agrees to maintain the confidentiality of the Information and not to use or disclose such Information, except that each Agent, Joint Lead Arranger, Co-Syndication Agent, Co-Documentation Agent, Lender and Issuing Bank may disclose the Information (i) to its Affiliates and its and its Affiliates’ respective
officers, directors, employees, legal counsel, independent auditors and other experts, advisors or agents who need to know such information in connection with this Agreement and are informed of the confidential nature of such information and who are
subject to customary confidentiality obligations of professional practice or who agree to be bound by the terms of this Section 12.14 (or language substantially similar to this Section 12.14) (with
each such Agent, Joint Lead Arranger, Co-Syndication Agent, Co-Documentation Agent, Lender and Issuing Bank, to the extent such Person is within its control, responsible
for such Person’s compliance with this Section 12.14), (ii) to the extent such Information becomes publicly available other than by reason of disclosure by any Agent, Joint Lead Arranger,
Co-Syndication Agent, Co-Documentation Agent, Lender or Issuing Bank or, in each case, its Affiliates or any of its or their respective officers, directors, employees,
legal counsel, independent auditors or other experts, advisors or agents in violation of this Section 12.14 or any similar confidentiality agreement binding on such Person, (iii) pursuant to the order of any court or
administrative agency in any pending legal or administrative proceeding or otherwise as required by applicable law or compulsory legal process (in which case such Agent, Joint Lead Arranger, Co-Syndication
Agent, Co-Documentation Agent, Lender or Issuing Bank, as applicable, agrees (except with respect to any audit or examination conducted by bank accountants or any governmental bank regulatory authority
exercising examination or regulatory authority) to inform the Company promptly thereof prior to disclosure thereof to the extent practicable and not prohibited by applicable law), (iv) upon the request or demand of any regulatory authority having
jurisdiction over such Agent, Joint Lead Arranger, Co-Syndication Agent, Co-Documentation Agent, Lender or Issuing Bank, as applicable, or its Affiliates (in which case,
such Agent, Joint Lead Arranger, Co-Syndication Agent, Co-Documentation Agent, Lender or Issuing Bank, as applicable, agrees (except with respect to any audit or
examination conducted by bank accountants or any governmental bank regulatory authority exercising examination or regulatory authority) to inform the Company promptly thereof prior to disclosure thereof to the extent practicable and not prohibited
by applicable law), (v) to the extent such Information is received by such Agent, Joint Lead Arranger, Co-Syndication Agent, Co-Documentation Agent, Lender or Issuing
Bank from a third party that is not, to the knowledge of such Agent, Joint Lead Arranger, Co-Syndication Agent, Co-Documentation Agent, Lender or Issuing Bank (as
applicable), subject to contractual or fiduciary confidentiality obligations owing to the Company, its Subsidiaries or their respective Affiliates or its or their respective officers, directors, employees, legal counsel, independent 

  
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auditors and other experts, advisors or agents or to the extent such Information is developed independently by such Agent, Joint Lead Arranger,
Co-Syndication Agent, Co-Documentation Agent, Lender or Issuing Bank without the use of confidential information in violation of this
Section 12.14, (vi) to (A) any assignee or Participant in, or prospective assignee or Participant, any of its rights and obligations under this Agreement or (B) any prospective or actual counterparty (or such
counterparty’s affiliates and its and their respective officers, directors, employees, legal counsel, independent auditors or other experts, advisors or agents) in any swap, derivative or other transaction under which the payments are to be
made by reference to the Borrowers and their obligations, the Agreement or payments hereunder; provided that in each case of clauses (A) and (B), the relevant Person is advised of and agrees, for the benefit of the Borrowers, to be bound
by the provisions of this Section 12.14 or other provisions at least as restrictive as this Section 12.14, (vii) for purposes of establishing a “due diligence” defense under applicable
federal securities law or (viii) with the prior written consent of the Company. For purposes of this Section 12.14, “Information” shall mean all information furnished by or on behalf of the Company and
its Subsidiaries relating to the Company or its Subsidiaries or any of their businesses, other than any such information that is publicly available to any Agent, any Joint Lead Arranger, any Co-Syndication
Agent, any Co-Documentation Agent, any Lender or any Issuing Bank prior to disclosure by or on behalf of the Company and its Subsidiaries other than as a result of a breach of this
Section 12.14 or similar obligation of confidentiality, including, without limitation, information delivered pursuant to Section 8.01. This Section 12.14 does not permit
the disclosure of any information under Section 275(4) of the Australian PPSA unless Section 275(7) of the Australian PPSA applies. 

12.15. USA Patriot Act Notice. Each Lender hereby notifies the Borrowers that pursuant to the requirements of the USA PATRIOT Act Title
III of Pub. 107-56 (signed into law October 26, 2001 and amended on March 9, 2009) (the “Patriot Act”) and other applicable anti-money laundering, anti-terrorist financing,
government sanction and “know your client” policies, regulations, laws or rules and Anti-Terrorism Laws, it is required to obtain, verify, and record information that identifies the Borrowers and each Subsidiary Guarantor, which
information includes the name of each Credit Party and other information that will allow such Lender to identify the Credit Party in accordance therewith, and each Credit Party agrees to provide such information from time to time to any Lender. 

12.16. U.K. “Know your customer” checks. (a) If (i) the introduction of or any change in (or
in the interpretation, administration or application of) any law or regulation made after the date of this Agreement; (ii) any change in the status of a U.K. Credit Party after the date of this Agreement; or (iii) a proposed assignment or
transfer by a Lender of any of its rights and obligations under this Agreement to a party that is not a Lender prior to such assignment or transfer, obliges the Administrative Agent or any Lender (or, in the case of paragraph (iii) above, any
prospective new Lender) to comply with “know your customer” or similar identification procedures in circumstances where the necessary information is not already available to it, each U.K. Credit Party shall promptly upon the request of the
Administrative Agent or any Lender supply, or procure the supply of, such documentation and other evidence as is reasonably requested by the Administrative Agent (for itself or on behalf of any Lender) or any Lender (for itself or, in the case of
the event described in paragraph (iii) above, on behalf of any prospective new Lender) in order for the Administrative Agent, such Lender or, in the case of the event described in paragraph (iii) above, any prospective new Lender to carry
out and be satisfied it 

  
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has complied with all necessary “know your customer” or other similar checks under all applicable laws and regulations pursuant to the transactions contemplated in the Credit Documents;
and (b) each Lender shall promptly upon the request of the supply, or procure the supply of, such documentation and other evidence as is reasonably requested by the Administrative Agent (for itself) in order for the Administrative Agent to
carry out and be satisfied it has complied with all necessary “know your customer” or other similar checks under all applicable laws and regulations pursuant to the transactions contemplated in the Credit Documents. 

12.17. Waiver of Sovereign Immunity. Each of the Credit Parties, in respect of itself, its Subsidiaries, its process agents and its
properties and revenues, hereby irrevocably agrees that, to the extent that the Borrowers, or any of their respective Subsidiaries or any of their properties has or may hereafter acquire any right of immunity, whether characterized as sovereign
immunity or otherwise, from any legal proceedings, whether in the United States or elsewhere, to enforce or collect upon the Loans or any Credit Document or any other liability or obligation of the Borrowers, or any of their respective Subsidiaries
related to or arising from the transactions contemplated by any of the Credit Documents, including, without limitation, immunity from service of process, immunity from jurisdiction or judgment of any court or tribunal, immunity from execution of a
judgment, and immunity of any of its property from attachment prior to any entry of judgment, or from attachment in aid of execution upon a judgment, the Borrowers, for themselves and on behalf of their respective Subsidiaries, hereby expressly
waive, to the fullest extent permissible under applicable law, any such immunity, and agree not to assert any such right or claim in any such proceeding, whether in the United States or elsewhere. Without limiting the generality of the foregoing,
the Company further agrees that the waivers set forth in this Section 12.17 shall have the fullest extent permitted under the Foreign Sovereign Immunities Act of 1976 of the United States and other applicable Requirements
of Law and are intended to be irrevocable for purposes of such Act and such other applicable Requirements of Law. 
 12.18. Canadian
Anti-Money Laundering Legislation. If the Administrative Agent has ascertained the identity of any Canadian Credit Party or any authorized signatories of any Canadian Credit Party for the purposes of the PCMLTFA and other applicable
Anti-Terrorism Laws and “know your client” policies or Requirements of Law and such other Anti-Terrorism Laws applicable in Canada, as well as all applicable “know your client” policies or Requirements of Law (collectively,
including any guidelines or orders thereunder, “AML Legislation”), then the Administrative Agent: 
 (a) shall be deemed to
have done so as an agent for each Lender and this Agreement shall constitute a “written agreement” in such regard between each Lender and the Administrative Agent within the meaning of the applicable AML Legislation; and 

(b) shall provide to the Lenders, copies of all information obtained in such regard without any representation or warranty as to its accuracy
or completeness. 
 Notwithstanding the preceding sentence and except as may otherwise be agreed in writing, each Lender agrees that the
Administrative Agent has no obligation to ascertain the identity of the Canadian Credit Parties or any authorized signatories of the Canadian Credit Parties on behalf of any Lender, or to confirm the completeness or accuracy of any information it
obtains from any Canadian Credit Party or any such authorized signatory in doing so. 

  
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 12.19. Absence of Fiduciary Relationship. Notwithstanding any other provision of this
Agreement or any provision of any other Credit Document, (i) none of the Joint Lead Arrangers, the Co-Syndication Agents, the Co-Documentation Agents or any Lender
shall, solely by reason of this Agreement or any other Credit Document, have any fiduciary, advisory or agency relationship or duty in respect of any Lender or any other Person and (ii) the Borrowers hereby agree not to assert any claims they
may have against any Joint Lead Arranger, any Co-Syndication Agent, any Co-Documentation Agent or any Lender for breach of fiduciary duty or alleged breach of fiduciary
duty in connection with such Persons serving in such capacities under this Agreement and the other Credit Documents. Each Agent, Lender and their Affiliates may have economic interests that conflict with those of the Credit Parties, their
stockholders and/or their Affiliates. 
 12.20. Electronic Signatures. The words “execution,” “signed,”
“signature,” and words of like import in any Credit Document 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 record keeping 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 law based on the Uniform Electronic Transactions Act; provided that notwithstanding anything contained herein to the contrary the Administrative Agent is under no
obligation to agree to accept electronic signatures in any form or in any format unless expressly agreed to by the Administrative Agent pursuant to procedures approved by it; provided, further, that the Administrative Agent expressly
agrees to accept any facsimile or other electronic transmission (i.e. “pdf” or “tif”) of any manually executed signature page to this Agreement, any other Credit Document or any notice, certificate or other document delivered in
connection therewith. 
 12.21. Judgment Currency. If, for purposes of obtaining judgment in any court, it is necessary to convert a
sum from the currency provided under a Credit Document (“Agreement Currency”) into another currency, the rate of exchange used shall be the Spot Rate for conversion into Dollars or, for conversion into another currency, the Spot
Rate for the purchase of the Agreement Currency with such other currency through the Administrative Agent’s principal foreign exchange trading office for the other currency during such office’s preceding Business Day. Notwithstanding any
judgment in a currency (“Judgment Currency”) other than the Agreement Currency, a Credit Party shall discharge its obligation in respect of any sum due under a Credit Document only if, on the Business Day following receipt by the
Administrative Agent of payment in the Judgment Currency, the Administrative Agent can use the amount paid to purchase the sum originally due in the Agreement Currency. If the purchased amount is less than the sum originally due, such Credit Party
agrees, as a separate obligation and notwithstanding any such judgment, to indemnify the Administrative Agent and Lenders against such loss. If the purchased amount is greater than the sum originally due, the Administrative Agent shall return the
excess amount to such Credit Party (or to the Person legally entitled thereto). 

  
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 12.22. Dutch Credit Party Representation. If any Dutch Credit Party is represented by an
attorney in connection with the signing and/or execution of this Agreement (including by way of accession to this Agreement) or any other agreement, deed or document referred to in or made pursuant to this Agreement, it is hereby expressly
acknowledged and accepted by the other parties to this Agreement that the existence and extent of the attorney’s authority and the effects of the attorney’s exercise or purported exercise of his or her authority shall be governed by the
law of the Netherlands. 
 12.23. Acknowledgement and Consent to Bail-In of EEA Financial
Institutions. Notwithstanding anything to the contrary in any Credit Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any EEA Financial Institution
arising under any Credit Document, to the extent such liability is unsecured, may be subject to the write-down and conversion powers of an EEA Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by: 

(a) the application of any Write-Down and Conversion Powers by an EEA Resolution Authority to any such liabilities arising hereunder which may
be payable to it by any party hereto that is an EEA Financial Institution; and 
 (b) the effects of any
Bail-In Action on any such liability, including, if applicable: 
 (i) a reduction in
full or in part or cancellation of any such liability; 
 (ii) a conversion of all, or a portion of, such liability into
shares or other instruments of ownership in such EEA Financial Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be
accepted by it in lieu of any rights with respect to any such liability under this Agreement or any other Credit Document; or the variation of the terms of such liability in connection with the exercise of the write-down and conversion powers of any
EEA Resolution Authority. 
 12.24. Severability. If any provision of this Agreement or the other Credit 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 Credit Documents shall not be affected or impaired thereby and (b) the parties shall endeavor in
good faith negotiations to replace the illegal, invalid or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the illegal, invalid or unenforceable provisions. The invalidity of a
provision in a particular jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. Without limiting the foregoing provisions of this Section 12.24, if and to the extent that the
enforceability of any provisions in this Agreement relating to Defaulting Lenders shall be limited by Debtor Relief Laws, as determined in good faith by the Administrative Agent, the Issuing Banks or the Swingline Lenders, as applicable, then such
provisions shall be deemed to be in effect only to the extent not so limited. 
 12.25. Canadian Severability. Notwithstanding any
other provision contained herein or in any other Credit Document, if a “secured creditor” (as that term is defined under the BIA) is determined by a court of competent jurisdiction not to include a Person to whom obligations are owed on a
joint and several basis, then such Person’s Obligations (and the Obligations of each other Canadian Credit Party or any other applicable Credit Party), to the extent such Obligations are secured, shall be several obligations and not joint and
several obligations. 

  
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 12.26. Contracting Out of the Australian PPSA Provisions. Where a Secured Creditor has a
security interest (as defined in the Australian PPSA) under any Credit Document, to the extent the law permits (a) for the purposes of Sections 115(1) and 115(7) of the Australian PPSA (i) the Secured Creditor with the benefit of the
security interest need not comply with Sections 95, 118, 121(4), 125, 130, 132(3)(d) or 132(4) of the Australian PPSA, and (ii) Sections 142 and 143 of the Australian PPSA are excluded, (b) for the purposes of Section 115(7) of the
Australian PPSA, the Secured Creditor with the benefit of the security interest need not comply with Sections 132 and 137(3), (c) each party to this Agreement waives its right to receive from a Secured Creditor any notice required under the
Australian PPSA (including a notice of a verification statement), (d) if a Secured Creditor with the benefit of a security interest exercises a right, power or remedy in connection with it, that exercise is taken not to be an exercise of a right,
power or remedy under the Australian PPSA unless such Secured Creditor states otherwise at the time of exercise. However, this clause does not apply to a right, power or remedy which can only be exercised under the Australian PPSA, and (e) if
the Australian PPSA is amended to permit the parties to this Agreement to agree not to comply with or to exclude other provisions of the PPSA Australia, the Administrative Agent may notify the Company and the Secured Creditors that any of these
provisions is excluded, or that the Secured Creditors need not comply with any of these provisions. This section does not affect any rights a person has or would have other than by reason of the Australian PPSA and applies despite any other clause
in any Credit Document. 
 12.27. Limitations on Revolving B Collateral. Notwithstanding anything to the contrary contained in this
Agreement or any other Credit Document, the parties to this Agreement expressly agree that any Lien on all or any portion of the Revolving B Collateral shall only secure Revolving B Obligations and shall not secure any other Obligations. 

Section 13. U.S. Credit Party Guarantee. 

13.01. The Guarantee. In order to induce the Administrative Agent, the Collateral Agent, the Australian Security Trustee, the Issuing
Banks and the Lenders to enter into this Agreement and to extend credit hereunder, and to induce the other Guaranteed Creditors to enter into Secured Bank Product Obligations in recognition of the direct benefits to be received by each U.S. Credit
Party from the proceeds of the Loans and the entering into of such Secured Bank Product Obligations, each U.S. Credit Party hereby agrees with the Guaranteed Creditors as follows: until the Payment in Full Date, each U.S. Credit Party hereby
unconditionally and irrevocably guarantees (other than its own Obligations) as primary obligor and not merely as surety the full and prompt payment when due, whether upon maturity, acceleration or otherwise, of any and all of the Obligations to the
Guaranteed Creditors. If any or all of the Obligations of any U.S. Credit Party to the Guaranteed Creditors becomes due and payable hereunder, such U.S. Credit Party, unconditionally and irrevocably, promises to pay such Obligations to the
Administrative Agent and/or the other Guaranteed Creditors or order, on demand, together with any and all expenses which may be incurred by the Administrative Agent and the other Guaranteed Creditors required to be paid in accordance with
Section 12.01. This U.S. Credit 

  
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Party Guarantee is a guarantee of payment and not of collection. Until the Payment in Full Date, this U.S. Credit Party Guarantee is a continuing one and all liabilities to which it applies or
may apply under the terms hereof shall be conclusively presumed to have been created in reliance hereon. If a claim is ever made upon any Guaranteed Creditor for repayment or recovery of any amount or amounts received in payment or on account of any
of the Obligations and any of the aforesaid payees repays all or part of said amount by reason of (i) any judgment, decree or order of any court or administrative body having jurisdiction over such payee or any of its property or (ii) any
settlement or compromise of any such claim effected by such payee with any such claimant (including any Guaranteed Party), then and in such event the respective U.S. Credit Party agrees that any such judgment, decree, order, settlement or compromise
shall be binding upon such U.S. Credit Party, notwithstanding any revocation of this U.S. Credit Party Guarantee or any other instrument evidencing any liability of any Guaranteed Party, and each U.S. Credit Party shall be and remain liable to the
aforesaid payees hereunder for the amount so repaid or recovered to the same extent as if such amount had never originally been received by any such payee until the Payment in Full Date. Notwithstanding anything to the contrary in this Agreement, no
U.S. Credit Party that is a FSHCO or a direct or indirect Subsidiary of a CFC or FSHCO shall guarantee any Obligation that is treated as an obligation of a “United States person” as defined in Section 7701(a)(30) of the Code. 

13.02. Bankruptcy. Additionally, each U.S. Credit Party unconditionally and irrevocably guarantees the payment of any and all of its
Obligations to the Guaranteed Creditors whether or not due or payable by any Guaranteed Party upon the occurrence of any of the events specified in Section 10.01(e), and irrevocably and unconditionally promises to pay such
indebtedness to the Guaranteed Creditors, or order, on demand, in the currency in which the obligation was originally denominated. 
 13.03.
Nature of Liability. The liability of each U.S. Credit Party hereunder is primary, absolute and unconditional, exclusive and independent of any security for or other guarantee of the Obligations, whether executed by any other guarantor or by
any other party, and each U.S. Credit Party understands and agrees, to the fullest extent permitted under law, that the liability of such U.S. Credit Party hereunder shall not be affected or impaired by (a) any direction as to application of
payment by any Guaranteed Party or by any other party, or (b) any other continuing or other guarantee, undertaking or maximum liability of a guarantor or of any other party as to the Obligations, or (c) any payment on or in reduction of
any such other guarantee or undertaking (other than in connection with the Payment in Full Date), or (d) any dissolution, termination or increase, decrease or change in personnel by any Guaranteed Party, or (e) any payment made to any
Guaranteed Creditor on the Obligations which any such Guaranteed Creditor repays to any Guaranteed Party pursuant to court order in any bankruptcy, insolvency, receivership, reorganization, arrangement, moratorium, winding up or other debtor relief
proceeding, and each U.S. Credit Party waives any right to the deferral or modification of its obligations hereunder by reason of any such proceeding, or (f) any action or inaction by the Guaranteed Creditors as contemplated in
Section 13.05, or (g) any invalidity, irregularity or enforceability of all or any part of the Obligations or of any security therefor, or (h) any change in the corporate existence, structure or ownership of any
U.S. Credit Party or any other Person liable for any of the Obligations, or (i) any exchange, substitution, release, non-perfection or impairment of any Collateral securing payment of any of the
Obligations, or (j) any law, regulation, decree or order of any jurisdiction, or any other event, affecting any term of any of 

  
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the Obligations, or (k) any bankruptcy, insolvency, receivership, reorganization, arrangement, moratorium, winding up or other debtor relief proceeding affecting any U.S. Credit Party, or
their assets or any resulting release or discharge of any obligation of any U.S. Credit Party, or (l) the existence of any claim, setoff or other rights which any U.S. Credit Party may have at any time against any other U.S. Credit Party, a
Guaranteed Creditor, or any other Person, whether in connection herewith or in any unrelated transactions, or (m) any other circumstance which might otherwise constitute a defense available to, or a discharge of, a U.S. Credit Party in respect
of the Obligations or a U.S. Credit Party in respect of this U.S. Credit Party Guarantee or the Obligations other than the occurrence of the Payment in Full Date. 

13.04. Independent Obligation. The obligations of each U.S. Credit Party hereunder are independent of the obligations of any other
guarantor, any other party or any Guaranteed Party, and a separate action or actions may be brought and prosecuted against any U.S. Credit Party whether or not action is brought against any other guarantor, any other party or any Guaranteed Party
and whether or not any other guarantor, any other party or any Guaranteed Party be joined in any such action or actions. Each U.S. Credit Party waives, in its capacity as a Guarantor, to the fullest extent permitted by law, the benefit of any
statute of limitations affecting its liability hereunder or the enforcement thereof. Any payment by any Guaranteed Party or other circumstance which operates to toll any statute of limitations as to such Guaranteed Party shall operate to toll the
statute of limitations as to the relevant U.S. Credit Party. 
 13.05. Authorization. To the fullest extent permitted under all law,
each U.S. Credit Party (without waiving any other provision of this Agreement that requires the consent of such U.S. Credit Party) authorizes the Guaranteed Creditors without notice or demand, and without affecting or impairing its liability
hereunder, from time to time to: 
 (a) change the manner, place or terms of payment of, and/or change or extend the time of payment of,
renew, increase, accelerate or alter, any of the Obligations (including any increase or decrease in the principal amount thereof or the rate of interest or fees thereon), any security therefor, or any liability incurred directly or indirectly in
respect thereof, and this U.S. Credit Party Guarantee shall apply to the Obligations as so changed, extended, renewed or altered; 
 (b) take
and hold security for the payment of the Obligations and sell, exchange, release, impair, surrender, realize upon or otherwise deal with in any manner and in any order any property by whomsoever at any time pledged or mortgaged to secure, or
howsoever securing, the Obligations or any liabilities (including any of those hereunder) incurred directly or indirectly in respect thereof or hereof, and/or any offset there against; 

(c) exercise or refrain from exercising any rights against any Guaranteed Party, any other U.S. Credit Party or others or otherwise act or
refrain from acting; 
 (d) release or substitute any one or more endorsers, guarantors, any Guaranteed Party, other Credit Parties or other
obligors; 
 (e) settle or compromise any of the Obligations, any security therefor or any liability (including any of those hereunder)
incurred directly or indirectly in respect thereof or hereof, and may subordinate the payment of all or any part thereof to the payment of any liability (whether due or not) of any Guaranteed Party to its creditors other than the Guaranteed
Creditors; 

  
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 (f) apply any sums by whomsoever paid or howsoever realized to any liability or liabilities of
any Guaranteed Party to the Guaranteed Creditors regardless of what liability or liabilities of such Guaranteed Party remain unpaid; 
 (g)
consent to or waive any breach of, or any act, omission or default under, this Agreement, any other Credit Document, any Secured Bank Product Obligation or any of the instruments or agreements referred to herein or therein, or otherwise amend,
modify or supplement this Agreement, any other Credit Document, any Secured Bank Product Obligation or any of such other instruments or agreements; and/or 

(h) take any other action which would, under otherwise applicable principles of common law, give rise to a legal or equitable discharge of such
U.S. Credit Party from its liabilities under this U.S. Credit Party Guarantee. 
 13.06. Reliance. It is not necessary for any
Guaranteed Creditor to inquire into the capacity or powers of any Guaranteed Party or the officers, directors, partners or agents acting or purporting to act on their behalf, and any obligations made or created in reliance upon the professed
exercise of such powers shall be guaranteed hereunder. 
 13.07. Subordination. Any indebtedness of any Guaranteed Party now or
hereafter owing to any U.S. Credit Party is hereby subordinated to the Obligations of such Guaranteed Party owing to the Guaranteed Creditors; and if the Administrative Agent so requests at a time when an Event of Default is then continuing, all
such indebtedness of such Guaranteed Party to such U.S. Credit Party shall be collected, enforced and received by such U.S. Credit Party for the benefit of the Guaranteed Creditors and be paid over to the Administrative Agent on behalf of the
Guaranteed Creditors on account of the Obligations of such Guaranteed Party to the Guaranteed Creditors, but without affecting or impairing in any manner the liability of any U.S. Credit Party under the other provisions of this U.S. Credit Party
Guarantee. Without limiting the generality of the foregoing, each U.S. Credit Party hereby agrees with the Guaranteed Creditors that it will not exercise any right of subrogation which it may at any time otherwise have as a result of this U.S.
Credit Party Guarantee (whether contractual, under Section 509 of the Bankruptcy Code or otherwise) until the Payment in Full Date. 

13.08. Waiver. 
 (a) Each
U.S. Credit Party waives any right (except as shall be required by applicable law and cannot be waived) to require any Guaranteed Creditor to (i) proceed against any Guaranteed Party, any other guarantor or any other party, (ii) proceed
against or exhaust any security held from any Guaranteed Party, any other guarantor or any other party or (iii) pursue any other remedy in any Guaranteed Creditor’s power whatsoever. Each U.S. Credit Party waives any defense (except as
shall be required by applicable law and cannot be waived) based on or arising out of any defense of any Guaranteed Party, any other guarantor or any other party, other than payment of the Obligations to the extent of such payment, based on or
arising out of the disability of any Guaranteed Party, any other guarantor or any other party, or the validity, 

  
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legality or unenforceability of the Obligations or any part thereof from any cause, or the cessation from any cause of the liability of any Guaranteed Party other than payment of the Obligations
to the extent of such payment. The Guaranteed Creditors may, at their election, foreclose on any security held by the Administrative Agent, the Collateral Agent, the Australian Security Trustee or any other Guaranteed Creditor by one or more
judicial or nonjudicial sales, whether or not every aspect of any such sale is commercially reasonable (to the extent such sale is permitted by applicable law), or exercise any other right or remedy the Guaranteed Creditors may have against any
Guaranteed Party or any other party, or any security, without affecting or impairing in any way the liability of any U.S. Credit Party hereunder except to the extent the Obligations have been paid. Each U.S. Credit Party waives, to the fullest
extent permitted under law, any defense arising out of any such election by the Guaranteed Creditors, even though such election operates to impair or extinguish any right of reimbursement or subrogation or other right or remedy of such U.S. Credit
Party against any Guaranteed Party or any other party or any security. 
 (b) Each U.S. Credit Party waives, to the fullest extent permitted
under law, all presentments, demands for performance, protests and notices, including, without limitation, notices of nonperformance, notices of protest, notices of dishonor, notices of acceptance of this U.S. Credit Party Guarantee, and notices of
the existence, creation or incurring of new or additional Obligations. Each U.S. Credit Party assumes all responsibility for being and keeping itself informed of each Guaranteed Party’s financial condition and assets, and of all other
circumstances bearing upon the risk of nonpayment of the Obligations and the nature, scope and extent of the risks which such U.S. Credit Party assumes and incurs hereunder, and agrees that neither the Administrative Agent nor any of the other
Guaranteed Creditors shall have any duty to advise any U.S. Credit Party of information known to them regarding such circumstances or risks. 

13.09. Maximum Liability. It is the desire and intent of each U.S. Credit Party and the Guaranteed Creditors that this U.S. Credit
Party Guarantee shall be enforced against such U.S. Credit Party to the fullest extent permissible under all law and public policies applied in each jurisdiction in which enforcement is sought. If, however, and to the extent that, the obligations of
any U.S. Credit Party under this U.S. Credit Party Guarantee shall be adjudicated to be invalid or unenforceable for any reason (including, without limitation, because of any applicable federal, state, provincial or foreign law relating to
fraudulent conveyances or transfers), then the amount of such U.S. Credit Party’s obligations under this U.S. Credit Party Guarantee shall be deemed to be reduced and such U.S. Credit Party shall pay the maximum amount of the Obligations which
would be permissible under applicable law. 
 13.10. Payments. All payments made by a U.S. Credit Party pursuant to this
Section 13 will be made without setoff, counterclaim or other defense, and shall be subject to the provisions of Sections 2.06 and 12.02. 

Section 14. Foreign Credit Party Guarantee. 

14.01. The Guarantee . In order to induce the applicable Foreign Guaranteed Creditors to enter into this Agreement and to extend credit
hereunder, and to induce the other Foreign Guaranteed Creditors to enter into Secured Bank Product Obligations in recognition of the direct 

  
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benefits to be received by each Foreign Credit Party and FSHCO Guarantor from the proceeds of the applicable Loans and the entering into of such Secured Bank Product Obligations, each Foreign
Credit Party and each FSHCO Guarantor hereby agrees with the Foreign Guaranteed Creditors as follows: until the Payment in Full Date in respect of the Foreign Obligations, the Commitments (other than Commitments in respect of a U.S. Revolving
Borrower) and the Letters of Credit (other than Letters of Credit in respect of a U.S. Revolving Borrower) (the “Foreign Payment in Full Date”), each Foreign Credit Party and each FSHCO Guarantor hereby unconditionally and
irrevocably guarantees (other than with respect to each Foreign Credit Party, its own Foreign Obligations) as primary obligor and not merely as surety the full and prompt payment when due, whether upon maturity, acceleration or otherwise, of any and
all of the Foreign Obligations to the Foreign Guaranteed Creditors. If any or all of the Foreign Obligations of any Foreign Credit Party to the Foreign Guaranteed Creditors becomes due and payable hereunder, such Foreign Credit Party or FSHCO
Guarantor, unconditionally and irrevocably, promises to pay such Foreign Obligations to the Administrative Agent and/or the other Foreign Guaranteed Creditors or order, on demand, together with any and all expenses which may be incurred by the
Administrative Agent and the other Foreign Guaranteed Creditors required to be paid pursuant to Section 12.01. This Foreign Credit Party Guarantee is a guarantee of payment and not of collection. Until the Foreign Payment
in Full Date, this Foreign Credit Party Guarantee is a continuing one and all liabilities to which it applies or may apply under the terms hereof shall be conclusively presumed to have been created in reliance hereon. If a claim is ever made upon
any Foreign Guaranteed Creditor for repayment or recovery of any amount or amounts received in payment or on account of any of the Foreign Obligations and any of the aforesaid payees repays all or part of said amount by reason of (i) any
judgment, decree or order of any court or administrative body having jurisdiction over such payee or any of its property or (ii) any settlement or compromise of any such claim effected by such payee with any such claimant (including any
Guaranteed Party), then and in such event the respective Foreign Credit Party or FSHCO Guarantor agrees that any such judgment, decree, order, settlement or compromise shall be binding upon such Foreign Credit Party or FSHCO Guarantor,
notwithstanding any revocation of this Foreign Credit Party Guarantee or any other instrument evidencing any liability of any Guaranteed Party, and each Foreign Credit Party and FSHCO Guarantor shall be and remain liable to the aforesaid payees
hereunder for the amount so repaid or recovered to the same extent as if such amount had never originally been received by any such payee until the Foreign Payment in Full Date. Notwithstanding anything to the contrary, no Obligation of a FSHCO or a
direct or indirect Subsidiary (that is treated as a “United States person” as defined in Section 7701(a)(30) of the Code) of a CFC or FSHCO shall be guaranteed by a CFC, FSHCO or a direct or indirect Subsidiary of a CFC or FSHCO. 

14.02. Bankruptcy. Additionally, each Foreign Credit Party and each FSHCO Guarantor unconditionally and irrevocably guarantees the
payment of any and all of its Foreign Obligations to the Foreign Guaranteed Creditors whether or not due or payable by any Guaranteed Party upon the occurrence of any of the events specified in Section 10.01(e), and
irrevocably and unconditionally promises to pay such indebtedness to the Foreign Guaranteed Creditors, or order, on demand, in the currency in which the obligation was originally denominated. 

14.03. Nature of Liability. The liability of each Foreign Credit Party and each FSHCO Guarantor hereunder is primary, absolute and
unconditional, exclusive and independent of any security for or other guarantee of the Foreign Obligations, whether executed by any other 

  
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guarantor or by any other party, and each Foreign Credit Party and each FSHCO Guarantor understands and agrees, to the fullest extent permitted under law, that the liability of such Foreign
Credit Party or FSHCO Guarantor, as applicable, hereunder shall not be affected or impaired by (a) any direction as to application of payment by any Guaranteed Party or by any other party, or (b) any other continuing or other guarantee,
undertaking or maximum liability of a guarantor or of any other party as to the Foreign Obligations, or (c) any payment on or in reduction of any such other guarantee or undertaking (other than in connection with the Foreign Payment in Full
Date), or (d) any dissolution, termination or increase, decrease or change in personnel by any Guaranteed Party, or (e) any payment made to any Foreign Guaranteed Creditor on the Foreign Obligations which any such Foreign Guaranteed
Creditor repays to any Guaranteed Party pursuant to court order in any bankruptcy, insolvency, receivership, reorganization, arrangement, moratorium, winding up or other debtor relief proceeding, and each Foreign Credit Party and each FSHCO
Guarantor waives any right to the deferral or modification of its obligations hereunder by reason of any such proceeding, or (f) any action or inaction by the Foreign Guaranteed Creditors as contemplated in
Section 14.05, or (g) any invalidity, irregularity or enforceability of all or any part of the Foreign Obligations or of any security therefor, or (h) any change in the corporate existence, structure or ownership
of any Foreign Credit Party, any FSHCO Guarantor or any other Person liable for any of the Foreign Obligations, or (i) any exchange, substitution, release, non-perfection or impairment of any Collateral
securing payment of any of the Foreign Obligations, or (j) any law, regulation, decree or order of any jurisdiction, or any other event, affecting any term of any of the Foreign Obligations, or (k) any bankruptcy, insolvency, receivership,
reorganization, arrangement, moratorium, winding up or other debtor relief proceeding affecting any Foreign Credit Party, any FSHCO Guarantor, or their assets or any resulting release or discharge of any obligation of any Foreign Credit Party or any
FSHCO Guarantor, or (l) the existence of any claim, setoff or other rights which any Foreign Credit Party may have at any time against any other Foreign Credit Party, a Foreign Guaranteed Creditor, or any other Person, whether in connection
herewith or in any unrelated transactions, or (m) any other circumstance which might otherwise constitute a defense available to, or a discharge of, a Foreign Credit Party or FSHCO Guarantor in respect of the Foreign Obligations or a Foreign
Credit Party or FSHCO Guarantor in respect of this Foreign Credit Party Guarantee or the Foreign Obligations other than the occurrence of the Foreign Payment in Full Date. 

14.04. Independent Obligation. The obligations of each Foreign Credit Party and each FSHCO Guarantor hereunder are independent of the
obligations of any other guarantor, any other party or any Guaranteed Party, and a separate action or actions may be brought and prosecuted against any Foreign Credit Party or FSHCO Guarantor whether or not action is brought against any other
guarantor, any other party or any Guaranteed Party and whether or not any other guarantor, any other party or any Guaranteed Party be joined in any such action or actions. Each Foreign Credit Party and each FSHCO Guarantor waives, in its capacity as
a Guarantor, to the fullest extent permitted by law, the benefit of any statute of limitations affecting its liability hereunder or the enforcement thereof. Any payment by any Guaranteed Party or other circumstance which operates to toll any statute
of limitations as to such Guaranteed Party shall operate to toll the statute of limitations as to the relevant Foreign Credit Party or FSHCO Guarantor. 

14.05. Authorization. To the fullest extent permitted under all law, each Foreign Credit Party and each FSHCO Guarantor (without
waiving any other provision of this Agreement that requires the consent of such Foreign Credit Party or FSHCO Guarantor) authorizes the Foreign Guaranteed Creditors without notice or demand, and without affecting or impairing its liability
hereunder, from time to time to: 

  
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 (a) change the manner, place or terms of payment of, and/or change or extend the time of payment
of, renew, increase, accelerate or alter, any of the Foreign Obligations (including any increase or decrease in the principal amount thereof or the rate of interest or fees thereon), any security therefor, or any liability incurred directly or
indirectly in respect thereof, and this Foreign Credit Party Guarantee shall apply to the Foreign Obligations as so changed, extended, renewed or altered; 

(b) take and hold security for the payment of the Foreign Obligations and sell, exchange, release, impair, surrender, realize upon or otherwise
deal with in any manner and in any order any property by whomsoever at any time pledged or mortgaged to secure, or howsoever securing, the Foreign Obligations or any liabilities (including any of those hereunder) incurred directly or indirectly in
respect thereof or hereof, and/or any offset there against; 
 (c) exercise or refrain from exercising any rights against any Guaranteed
Party, any other Foreign Credit Party, any other FSHCO Guarantor or others or otherwise act or refrain from acting; 
 (d) release or
substitute any one or more endorsers, guarantors, any Guaranteed Party, other Credit Parties or other obligors; 
 (e) settle or compromise
any of the Foreign Obligations, any security therefor or any liability (including any of those hereunder) incurred directly or indirectly in respect thereof or hereof, and may subordinate the payment of all or any part thereof to the payment of any
liability (whether due or not) of any Guaranteed Party to its creditors other than the Foreign Guaranteed Creditors; 
 (f) apply any sums by
whomsoever paid or howsoever realized to any liability or liabilities of any Guaranteed Party to the Foreign Guaranteed Creditors regardless of what liability or liabilities of such Guaranteed Party remain unpaid; 

(g) consent to or waive any breach of, or any act, omission or default under, this Agreement, any other Credit Document, any Secured Bank
Product Obligation or any of the instruments or agreements referred to herein or therein, or otherwise amend, modify or supplement this Agreement, any other Credit Document, any Secured Bank Product Obligation or any of such other instruments or
agreements; and/or 
 (h) take any other action which would, under otherwise applicable principles of common law, give rise to a legal or
equitable discharge of such Foreign Credit Party or FSHCO Guarantor from its liabilities under this Foreign Credit Party Guarantee. 

14.06. Reliance. It is not necessary for any Foreign Guaranteed Creditor to inquire into the capacity or powers of any Guaranteed Party
or the officers, directors, partners or agents acting or purporting to act on their behalf, and any obligations made or created in reliance upon the professed exercise of such powers shall be guaranteed hereunder. 

  
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 14.07. Subordination. Any indebtedness of any Guaranteed Party now or hereafter owing to
any Foreign Credit Party or FSHCO Guarantor is hereby subordinated to the Foreign Obligations of such Guaranteed Party owing to the Foreign Guaranteed Creditors; and if the Administrative Agent so requests at a time when an Event of Default is then
continuing, all such indebtedness of such Guaranteed Party to such Foreign Credit Party or FSHCO Guarantor shall be collected, enforced and received by such Foreign Credit Party or FSHCO Guarantor for the benefit of the Foreign Guaranteed Creditors
and be paid over to the Administrative Agent on behalf of the Foreign Guaranteed Creditors on account of the Foreign Obligations of such Guaranteed Party to the Foreign Guaranteed Creditors, but without affecting or impairing in any manner the
liability of any Foreign Credit Party or FSHCO Guarantor under the other provisions of this Foreign Credit Party Guarantee. Without limiting the generality of the foregoing, each Foreign Credit Party and each FSHCO Guarantor hereby agrees with the
Foreign Guaranteed Creditors that it will not exercise any right of subrogation which it may at any time otherwise have as a result of this Foreign Credit Party Guarantee (whether contractual, under any applicable Debtor Relief Law or otherwise)
until the Foreign Payment in Full Date. 
 14.08. Waiver. 

(a) Each Foreign Credit Party and each FSHCO Guarantor waives any right (except as shall be required by applicable law and cannot be waived) to
require any Foreign Guaranteed Creditor to (i) proceed against any Guaranteed Party, any other guarantor or any other party, (ii) proceed against or exhaust any security held from any Guaranteed Party, any other guarantor or any other
party or (iii) pursue any other remedy in any Foreign Guaranteed Creditor’s power whatsoever. For purposes of the law of the Province of Quebec, if applicable, each Foreign Credit Party and each FSHCO Guarantor waives, in its capacity as a
Guarantor, the benefits of division and discussion. Each Foreign Credit Party and each FSHCO Guarantor waives any defense (except as shall be required by applicable law and cannot be waived) based on or arising out of any defense of any Guaranteed
Party, any other guarantor or any other party, other than payment of the Foreign Obligations to the extent of such payment, based on or arising out of the disability of any Guaranteed Party, any other guarantor or any other party, or the validity,
legality or unenforceability of the Foreign Obligations or any part thereof from any cause, or the cessation from any cause of the liability of any Guaranteed Party other than payment of the Foreign Obligations to the extent of such payment. The
Foreign Guaranteed Creditors may, at their election, foreclose on or enforce any security held by any Foreign Guaranteed Creditor by one or more judicial or nonjudicial sales, whether or not every aspect of any such sale is commercially reasonable
(to the extent such sale is permitted by applicable law), or exercise any other right or remedy the Foreign Guaranteed Creditors may have against any Guaranteed Party or any other party, or any security, without affecting or impairing in any way the
liability of any Foreign Credit Party or FSHCO Guarantor hereunder except to the extent the Foreign Obligations have been paid. Each Foreign Credit Party and each FSHCO Guarantor waives, to the fullest extent permitted under law, any defense arising
out of any such election by the Foreign Guaranteed Creditors, even though such election operates to impair or extinguish any right of reimbursement or subrogation or other right or remedy of such Foreign Credit Party or FSHCO Guarantor against any
Guaranteed Party or any other party or any security. 

  
 310 

 (b) Each Foreign Credit Party and each FSHCO Guarantor waives, to the fullest extent permitted
under law, all presentments, demands for performance, protests and notices, including, without limitation, notices of nonperformance, notices of protest, notices of dishonor, notices of acceptance of this Foreign Credit Party Guarantee, and notices
of the existence, creation or incurring of new or additional Foreign Obligations. Each Foreign Credit Party and each FSHCO Guarantor assumes all responsibility for being and keeping itself informed of each Guaranteed Party’s financial condition
and assets, and of all other circumstances bearing upon the risk of non-payment of the Foreign Obligations and the nature, scope and extent of the risks which such Foreign Credit Party or FSHCO Guarantor
assumes and incurs hereunder, and agrees that no Foreign Guaranteed Creditor shall have any duty to advise any Foreign Credit Party or FSHCO Guarantor of information known to such Foreign Guaranteed Creditor regarding such circumstances or risks.

 14.09. Maximum Liability. 

(a) It is the desire and intent of each Foreign Credit Party, each FHSCO Guarantor and the Foreign Guaranteed Creditors that this Foreign
Credit Party Guarantee shall be enforced against such Foreign Credit Party or FSHCO Guarantor to the fullest extent permissible under all law and public policies applied in each jurisdiction in which enforcement is sought. If, however, and to the
extent that, the obligations of any Foreign Credit Party or FSHCO Guarantor under this Foreign Credit Party Guarantee shall be adjudicated to be invalid or unenforceable for any reason (including, without limitation, because of any applicable
federal, state, provincial or foreign law relating to fraudulent conveyances or transfers or transfers at undervalue), then the amount of such Foreign Credit Party’s or FSHCO Guarantor’s obligations under this Foreign Credit Party
Guarantee shall be deemed to be reduced and such Foreign Credit Party or FSHCO Guarantor shall pay the maximum amount of the Foreign Obligations which would be permissible under applicable law. 

(b) On the basis of the judgements LG Darmstadt, 25.4.2013—16 O 195/12, OLG Frankfurt a. M., 8.11.2013—24 U 80/13 A, BGH,
10.1.2017 – II ZR 94/15 and BGH, 21.3.2017 – II ZR 93/16 the respective directors (Geschäftsführer) of each of the Guarantors organized under the laws of Germany (a “German Guarantor”) have assessed the financing
concept provided for in connection with the Credit Documents and are satisfied by its robustness. In the case, however, that during the lifetime of this Agreement the directors of a German Guarantor will suffer a personal liability in the case of a
demand under the guarantee and indemnity, the Lenders hereby agree to limit the guarantee and indemnity in order to avoid a personal liability of the directors of that German Guarantor. 

(c) The obligations and liabilities of any Guarantor incorporated under the laws of France (a “French Guarantor”) under the
Credit Documents shall not extend to include any obligations or liabilities which if incurred would constitute a breach of the financial assistance prohibitions within the meaning of article L. 225-216 of the
French Code de commerce and/or would constitute a misuse of corporate assets or powers within the meaning of article L. 241-3, L. 242-6 or L. 244-1 of the French Code de commerce or any other laws or regulations having the same effect, as interpreted by French courts. 

  
 311 

 (d) The obligations and liabilities of each French Guarantor under the Credit Documents, for the
payment obligations under this Agreement or any other Credit Document or in respect of any Obligations, of any other Credit Parties which are not direct or indirect Subsidiaries of such French Guarantor shall be limited at any time to an amount
equal to the aggregate of the proceeds of the Loans to the extent directly or indirectly on-lent by any other Credit Party to that French Guarantor or any of its subsidiaries under intercompany loans
(including pursuant to cash pooling arrangements) or similar arrangements and outstanding on the date a payment is requested to be made by such French Guarantor under any Credit Document (the “Maximum Guaranteed Amount”), it being
specified that notwithstanding any other provisions of this Agreement or any other Credit Document, any payment made by such French Guarantor under this Agreement or any other Credit Document in respect of the payment obligations of any other Credit
Party shall immediately reduce pro tanto the outstanding amount of the intra-group loans, or any sums, due by such French Guarantor under such intra-group loan (including pursuant to cash pooling arrangements) or similar arrangements referred to
above. 
 (e) The obligations and liabilities of each French Guarantor under the Credit Documents, for the payment obligations under this
Agreement or any other Credit Document or any Obligations, of each of its direct or indirect Subsidiaries which are or become Credit Party from time to time under the Credit Documents shall cover all amounts incurred by such Subsidiary as Borrower
and Guarantor. 
 (f) For the avoidance of doubt, any payment made by a French Guarantor under paragraph (d) above shall reduce the
Maximum Guaranteed Amount. 
 (g) It is acknowledged that no French Guarantor is acting jointly and severally with the other Guarantors and
no French Guarantor shall therefore be considered as “co-débiteur solidaire” as to its obligations pursuant to the Guarantee given pursuant therewith. 

(h) For the purpose of paragraphs (c) to (g) above, “Subsidiary” means, in relation to any company, another company which is
controlled by it within the meaning of articles L.233-3 of the French Code de commerce. 
 14.10.
Payments. All payments made by a Foreign Credit Party or FSHCO Guarantor pursuant to this Section 14 will be made without setoff, counterclaim or other defense, and shall be subject to the provisions of Sections
2.06 and 12.02. 
 *     *     * 

  
 312 

 IN WITNESS WHEREOF, the parties hereto have caused their duly authorized officers to execute and
deliver this Agreement as of the date first above written. 
  

					
	BORROWERS:
	
	MATTEL, INC. 
	AMERICAN GIRL BRANDS, LLC 
	AMERICAN GIRL PUBLISHING, INC. 
	FISHER-PRICE, INC.
	MATTEL DIRECT IMPORT, INC. 
	MATTEL REALTY CORPORATION 
	MATTEL SALES CORP. 
		
	By:	 	 /s/ Mandana Sadigh

		 	Name: Mandana Sadigh
		 	Title: Senior Vice President & Treasurer
	
	MATTEL CANADA INC. 
			
	By:	 	/s/ Roland Wong	 	 
		 	Name: Ronald Wong
		 	Title: Senior Manager Finance

  

  
 SYNDICATED FACILITY
AGREEMENT 
 (MATTEL, INC.) 

Signature Page 

 
					
	GUARANTORS:
	
	AMERICAN GIRL, LLC 
	MATTEL FINANCE, INC. 
	MATTEL INVESTMENT, INC. 
	MATTEL OVERSEAS, INC. 
		
	By:	 	/s/ Mandana Sadigh
		 	Name: Mandana Sadigh
		 	Title: Senior Vice President & Treasurer
	
	MATTEL HOLDINGS LIMITED 
		
	By:	 	/s/ Roland Wong
		 	Name: Ronald Wong
		 	Title: Senior Manager Finance

  

  
 SYNDICATED FACILITY
AGREEMENT 
 (MATTEL, INC.) 

Signature Page 

 
			
	 MATTEL OVERSEAS OPERATIONS LTD. 

		
	By:	 	/s/ Cynthia Berry Meyer
	Name:	 	Cynthia Berry Meyer
	Title:	 	Managing Director

  

  
 SYNDICATED FACILITY
AGREEMENT 
 (MATTEL, INC.) 

Signature Page 

 
			
	 BANK OF AMERICA, N.A.,
 as
Global Administrative Agent, Collateral Agent and Australian Security Trustee

		
	By:	 	/s/ Phuong Nguyen
		 	Name: Phuong Nguyen
		 	Title: Vice President
		
	Address:	 	
		 	 333 S. Hope Street, 13th Floor
 Los Angeles, CA
90071

	Attn:	 	Mattel Portfolio Management
	
	 BANK OF AMERICA, N.A.,
 as a
U.S. Revolving A Lender, a Revolving B Lender, a U.S. Issuing Bank and the U.S. Swingline Lender

		
	By:	 	/s/ Phuong Nguyen
		 	Name: Phuong Nguyen
		 	Title: Vice President
		
	Address:	 	
		 	 333 S. Hope Street, 13th Floor
 Los Angeles, CA
90071

	Attn:	 	Mattel Portfolio Management

  
 SYNDICATED FACILITY
AGREEMENT 
 (MATTEL, INC.) 

Signature Page 

 
			
	BANK OF AMERICA, N.A.,
	(acting through its Canada branch), as a Canadian Revolving Lender, a Canadian Issuing Bank and the Canadian Swingline Lender
		
	By:	 	/s/ Sylwia Durkiewicz
		 	Name: Sylwia Durkiewicz
		 	Title: Vice President
	
	Address:
		 	 181 Bay Street, Suite 400
 Toronto, ON, M5J
2V8
 Attn: Sylwia Durkiewicz
 Telecopy: (312) 453-4041

  
 SYNDICATED FACILITY
AGREEMENT 
 (MATTEL, INC.) 

Signature Page 

 
			
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as a U.S. Revolving A Lender, a Revolving B Lender and a U.S. Issuing Bank
		
	By:	 	/s/ Cameron Izadi
	Name:	 	Cameron Izadi
	Title:	 	Vice President
		
	Address:	 	2450 Colorado Ave.,
		 	Suite 3000W
		 	Santa Monica, CA 90404
		
	Attn:	 	
	Telecopy:	 	
	
	WELLS FARGO BANK, CAPITAL FINANCE, CORPORATION CANADA, as a Canadian Revolving Lender and Canadian Issuing Bank
		
	By:	 	/s/ David G. Phillips
	Name:	 	David G. Phillips
	Title:	 	Senior Vice President
		
	Address:	 	2450 Colorado Ave.,
		 	Suite 3000W
		 	Santa Monica, CA 90404
		
	Attn:	 	
	Telecopy:	 	

  
 SYNDICATED FACILITY
AGREEMENT 
 (MATTEL, INC.) 

Signature Page 

 
			
	CITIBANK, N.A., as a U.S. Revolving A Lender, a Revolving B Lender and a U.S. Issuing Bank
		
	By:	 	/s/ David G. Foster
	Name:	 	David G. Foster
	Title:	 	Attorney in Fact
		
	Address:	 	 355 Greenwich Street 7th Floor
 New
York, NY 10013

		 
		
	Attn:	 	
	Telecopy:	 	
	
	CITIBANK, N.A., as a Canadian Revolving Lender and Canadian Issuing Bank

		
	By:	 	/s/ David G. Foster
	Name:	 	David G. Foster
	Title:	 	Attorney in Fact
		
	Address:	 	 355 Greenwich Street
 7th Floor

New York, NY 10013

		 
		
	Attn:	 	
	Telecopy:	 	

  
 SYNDICATED FACILITY
AGREEMENT 
 (MATTEL, INC.) 

Signature Page 

 
			
	MUFG UNION BANK, N.A., as a U.S. Revolving A Lender and Revolving B Lender
		
	By:	 	/s/ John McDevitt
	Name:	 	John McDevitt
	Title:	 	Director
		
	Address:	 	 445 S. Figueroa Street
 Los Angeles,
CA 90071

		 
		
	Attn:	 	Commercial Loan Documentation
	Telecopy:	 	323-278-6173
	
	MUFG UNION BANK, N.A., as a Canadian Revolving Lender
		
	By:	 	/s/ John McDevitt
	Name:	 	John McDevitt
	Title:	 	Director
		
	Address:	 	 445 S. Figueroa Street
 Los Angeles,
CA 90071

		 
		
	Attn:	 	Commercial Loan Documentation
	Telecopy:	 	323-278-6173

  
 SYNDICATED FACILITY
AGREEMENT 
 (MATTEL, INC.) 

Signature Page 

 
			
	ROYAL BANK OF CANADA, as a U.S. Revolving A Lender and Revolving B Lender
		
	By:	 	/s/ Pierre Noriega
	Name:	 	Pierre Noriega
	Title:	 	Authorized Signatory
		
	Address:	 	 200 Vesey Street, 12th Floor
 New York, NY
10281-8098

	
	ROYAL BANK OF CANADA, as a Canadian Revolving Lender
		
	By:	 	/s/ Edward Lynch
	Name:	 	Edward Lynch
	Title:	 	Authorized Signatory
		
	Address:	 	 200 Vesey Street, 12th Floor
 New
York, NY 10281-8098

		 

  
 SYNDICATED FACILITY
AGREEMENT 
 (MATTEL, INC.) 

Signature Page 

 
			
	 MIZUHO BANK, LTD.,
 as a U.S.
Revolving A Lender and Revolving B Lender

		
	By:	 	/s/ Tracy Rahn
	Name:	 	Tracy Rahn
	Title:	 	Authorized Signatory
		
	Address:	 	1251 Avenue of the Americas
		 	New York, NY 10020
		
	Attn:	 	Helen Moi
	Telecopy: 201-626-9941
	
	 MIZUHO BANK, LTD.,
 as a
Canadian Revolving Lender

		
	By:	 	/s/ Tracy Rahn
	Name:	 	Tracy Rahn
	Title:	 	Authorized Signatory
		
	Address:	 	1251 Avenue of the Americas
		 	New York, NY 10020
		
	Attn:	 	Helen Moi
	Telecopy: 201-626-9941

  
 SYNDICATED FACILITY
AGREEMENT 
 (MATTEL, INC.) 

Signature Page 

 
			
	 HSBC BANK USA, NATIONAL ASSOCIATION,

as a U.S. Revolving A Lender and Revolving B Lender

		
	By:	 	/s/ Ilene Hernandez
	Name:	 	Ilene Hernandez
	Title:	 	Vice President
		
	By:	 	 
	Name:	 	
	Title:	 	
		
	Address: 	 	HSBC Bank USA, N.A.
		 	 Corporate Trust & Loan Agency
 452
Fifth Avenue

		 	New York, NY 10018
		 	Los Angeles, CA 90071
		
	Attn: 	 	Loan Administration
	Telecopy: (847) 793-3415
	
	 HSBC BANK USA, NATIONAL ASSOCIATION,

as a Canadian Revolving Lender

		
	By:	 	/s/ Ilene Hernandez
	Name:	 	Ilene Hernandez
	Title:	 	Vice President
		
	By:	 	 
	Name:	 	
	Title:	 	
		
	Address: 	 	HSBC Bank USA, N.A.
		 	 Corporate Trust & Loan Agency
 452
Fifth Avenue

		 	New York, NY 10018
		 	Los Angeles, CA 90071
		
	Attn: 	 	Loan Administration
	Telecopy: (847) 793-3415

  
 SYNDICATED FACILITY
AGREEMENT 
 (MATTEL, INC.) 

Signature Page 

 
			
	 KEYBANK NATIONAL ASSOCIATION,

as a U.S. Revolving A Lender and Revolving B Lender

		
	By:	 	/s/ Jeffrey S. Wisterman
	Name: Jeffrey S. Wisterman
	Title: Vice President
	
	Address: 1301 5th Avenue
	Seattle, WA 98101
	
	Attn: Jeffrey S. Wisterman,
	Vice President/Portfolio Manager II
	Telecopy:
	
	KEYBANK NATIONAL ASSOCIATION, as a Canadian Revolving Lender
		
	By:	 	/s/ Jeffrey S. Wisterman
	Name: Jeffrey S. Wisterman
	Title: Vice President
	
	Address: 1301 5th Avenue
	Seattle, WA 98101
	
	Attn: Jeffrey S. Wisterman,
	Vice President/Portfolio Manager II
	 Telecopy:
	 	

  

  
 SYNDICATED FACILITY
AGREEMENT 
 (MATTEL, INC.) 

Signature Page 

 
			
	MANUFACTURERS AND TRADERS TRUST COMPANY, as a U.S. Revolving A Lender and Revolving B Lender
		
	By:	 	/s/ Lauren Ferranti
	Name: Lauren Ferranti
	Title: Vice President
	
	Address: 1 Fountain Plaza, 12th Floor
	Buffalo, NY 14203
	
	 Attn: Shannon Brown, Operations Associate III

1 Fountain Plaza, Buffalo, NY 14203

	Telecopy: participations@mtb.com
	
	MANUFACTURERS AND TRADERS TRUST COMPANY, as a Canadian Revolving Lender
		
	By:	 	/s/ Lauren Ferranti
	Name:	 	Lauren Ferranti
	Title:	 	Vice President
	
	Address: 1 Fountain Plaza, 12th Floor
	 Buffalo, NY 14203

		
	Attn:	 	Shannon Brown, Operations Associate III 1 Fountain Plaza, Buffalo, NY 14203
	Telecopy: participations@mtb.com

  

  
 SYNDICATED FACILITY
AGREEMENT 
 (MATTEL, INC.) 

Signature Page 

 SCHEDULE 2.01A 

to 
 Syndicated Facility Agreement

 REVOLVING A COMMITMENTS (INITIAL CLOSING DATE) 

U.S. Revolving A Commitment1 

 

									
	 Name of Lender
	  	initial U.S. Revolving A
Commitment	 	  	initial Pro Rata
Percentage	 
	 Bank of America, N.A.
	  	$	235,500,000	 	  	 	18.7500	% 
	 Wells Fargo Bank, N.A.
	  	$	196,250,000	 	  	 	15.6250	% 
	 Citibank, N.A.
	  	$	196,250,000	 	  	 	15.6250	% 
	 MUFG Union Bank, N.A.
	  	$	157,000,000	 	  	 	12.5000	% 
	 Royal Bank of Canada
	  	$	157,000,000	 	  	 	12.5000	% 
	 Mizuho Bank, Ltd.
	  	$	157,000,000	 	  	 	12.5000	% 
	 HSBC Bank USA, National Association
	  	$	78,500,000	 	  	 	6.2500	% 
	 KeyBank National Association
	  	$	39,250,000	 	  	 	3.1250	% 
	 Manufacturers and Traders Trust Company
	  	$	39,250,000	 	  	 	3.1250	% 
		  	  
	  
	 	  	  
	  
	 
	 Total
	  	$	1,256,000,000	 	  	 	100.0000	% 
		  	  
	  
	 	  	  
	  
	 

 Canadian Revolving Commitment 
  

									
	 Name of Lender
	  	Canadian
Revolving Commitment	 	  	Pro Rata
Percentage	 
	 Bank of America, N.A.
	  	$	9,375,000	 	  	 	18.7500	% 
	 Wells Fargo Bank, N.A.
	  	$	7,812,500	 	  	 	15.6250	% 
	 Citibank, N.A.
	  	$	7,812,500	 	  	 	15.6250	% 
	 MUFG Union Bank, N.A.
	  	$	6,250,000	 	  	 	12.5000	% 
	 Royal Bank of Canada
	  	$	6,250,000	 	  	 	12.5000	% 
	 Mizuho Bank, Ltd.
	  	$	6,250,000	 	  	 	12.5000	% 
	 HSBC Bank USA, National Association
	  	$	3,125,000	 	  	 	6.2500	% 
	 KeyBank National Association
	  	$	1,562,500	 	  	 	3.1250	% 
	 Manufacturers and Traders Trust Company
	  	$	1,562,500	 	  	 	3.1250	% 
		  	  
	  
	 	  	  
	  
	 
	 Total
	  	$	50,000,000	 	  	 	100.0000	% 
		  	  
	  
	 	  	  
	  
	 

  

	1 	Upon each of the Australian Closing Date, French Closing Date, European (GNU) Closing Date and Spanish Closing Date, the U.S. Revolving A Commitment shall be reduced pro rata for each U.S. Revolving A Lender in the
aggregate amount equal to the Australian Revolving Commitments, French Revolving Commitments, German Revolving Commitments, Dutch Revolving Commitments, U.K. Revolving Commitments and Spanish Revolving Commitments as set forth in Schedule 2.01B;
provided, that upon the French Closing Date, such reduction shall not occur with respect to the U.S. Revolving A Commitments of Mizuho Bank, Ltd. and HSBC Bank USA, National Association. 

 SCHEDULE 2.01B 

to 
 Syndicated Facility Agreement

 REVOLVING A COMMITMENTS (GLOBAL CLOSING DATE) 

Australian Revolving Commitment 
  

									
	 Name of Lender
	  	Australian
Revolving
Commitment	 	  	Pro Rata
Percentage	 
	 Bank of America, N.A.
	  	$	9,375,000	 	  	 	18.7500	% 
	 Wells Fargo Bank, N.A.
	  	$	7,812,500	 	  	 	15.6250	% 
	 Citibank, N.A.
	  	$	7,812,500	 	  	 	15.6250	% 
	 MUFG Union Bank, N.A.
	  	$	6,250,000	 	  	 	12.5000	% 
	 Royal Bank of Canada
	  	$	6,250,000	 	  	 	12.5000	% 
	 Mizuho Bank, Ltd.
	  	$	6,250,000	 	  	 	12.5000	% 
	 HSBC Bank USA, National Association
	  	$	3,125,000	 	  	 	6.2500	% 
	 KeyBank National Association
	  	$	1,562,500	 	  	 	3.1250	% 
	 Manufacturers and Traders Trust Company
	  	$	1,562,500	 	  	 	3.1250	% 
		  	  
	  
	 	  	  
	  
	 
	 Total
	  	$	50,000,000	 	  	 	100.0000	% 
		  	  
	  
	 	  	  
	  
	 

 Dutch Revolving Commitment 

 

									
	 Name of Lender
	  	Dutch
Revolving
Commitment	 	  	Pro Rata
Percentage	 
	 Bank of America, N.A.
	  	$	37,500,000	 	  	 	18.7500	% 
	 Wells Fargo Bank, N.A.
	  	$	31,250,000	 	  	 	15.6250	% 
	 Citibank, N.A.
	  	$	31,250,000	 	  	 	15.6250	% 
	 MUFG Union Bank, N.A.
	  	$	25,000,000	 	  	 	12.5000	% 
	 Royal Bank of Canada
	  	$	25,000,000	 	  	 	12.5000	% 
	 Mizuho Bank, Ltd.
	  	$	25,000,000	 	  	 	12.5000	% 
	 HSBC Bank USA, National Association
	  	$	12,500,000	 	  	 	6.2500	% 
	 KeyBank National Association
	  	$	6,250,000	 	  	 	3.1250	% 
	 Manufacturers and Traders Trust Company
	  	$	6,250,000	 	  	 	3.1250	% 
		  	  
	  
	 	  	  
	  
	 
	 Total
	  	$	200,000,000	 	  	 	100.0000	% 
		  	  
	  
	 	  	  
	  
	 

 French Revolving Commitment 

 

									
	 Name of Lender
	  	French
Revolving
Commitment	 	  	Pro Rata
Percentage	 
	 Bank of America Merrill Lynch International Limited
	  	$	10,312,500	 	  	 	25.7813	% 
	 Wells Fargo Bank, N.A.
	  	$	8,593,750	 	  	 	21.4844	% 
	 Citibank, N.A.
	  	$	8,593,750	 	  	 	21.4844	% 
	 MUFG Union Bank, N.A.
	  	$	5,000,000	 	  	 	12.5000	% 
	 Royal Bank of Canada
	  	$	5,000,000	 	  	 	12.5000	% 
	 Mizuho Bank, Ltd.
	  	$	0	 	  	 	0.0000	% 
	 HSBC Bank USA, National Association
	  	$	0	 	  	 	0.0000	% 
	 KeyBank National Association
	  	$	1,250,000	 	  	 	3.1250	% 
	 Manufacturers and Traders Trust Company
	  	$	1,250,000	 	  	 	3.1250	% 
		  	  
	  
	 	  	  
	  
	 
	 Total
	  	$	40,000,000	 	  	 	100.0000	% 
		  	  
	  
	 	  	  
	  
	 

 German Revolving Commitment 

 

									
	 Name of Lender
	  	German
Revolving
Commitment	 	  	Pro Rata
Percentage	 
	 Bank of America, N.A.
	  	$	8,437,500	 	  	 	18.7500	% 
	 Wells Fargo Bank, N.A.
	  	$	7,031,250	 	  	 	15.6250	% 
	 Citibank, N.A.
	  	$	7,031,250	 	  	 	15.6250	% 
	 MUFG Union Bank, N.A.
	  	$	5,625,000	 	  	 	12.5000	% 
	 Royal Bank of Canada
	  	$	5,625,000	 	  	 	12.5000	% 
	 Mizuho Bank, Ltd.
	  	$	5,625,000	 	  	 	12.5000	% 
	 HSBC Bank USA, National Association
	  	$	2,812,500	 	  	 	6.2500	% 
	 KeyBank National Association
	  	$	1,406,250	 	  	 	3.1250	% 
	 Manufacturers and Traders Trust Company
	  	$	1,406,250	 	  	 	3.1250	% 
		  	  
	  
	 	  	  
	  
	 
	 Total
	  	$	45,000,000	 	  	 	100.0000	% 
		  	  
	  
	 	  	  
	  
	 

 Spanish Revolving Commitment 

 

									
	 Name of Lender
	  	Spanish
Revolving
Commitment	 	  	Pro Rata
Percentage	 
	 Bank of America Merrill Lynch International Limited
	  	$	5,625,000	 	  	 	18.7500	% 
	 Wells Fargo Bank, N.A.
	  	$	4,687,500	 	  	 	15.6250	% 
	 Citibank, N.A.
	  	$	4,687,500	 	  	 	15.6250	% 
	 MUFG Union Bank, N.A.
	  	$	3,750,000	 	  	 	12.5000	% 
	 Royal Bank of Canada
	  	$	3,750,000	 	  	 	12.5000	% 
	 Mizuho Bank, Ltd.
	  	$	3,750,000	 	  	 	12.5000	% 
	 HSBC Bank USA, National Association
	  	$	1,875,000	 	  	 	6.2500	% 
	 KeyBank National Association
	  	$	937,500	 	  	 	3.1250	% 
	 Manufacturers and Traders Trust Company
	  	$	937,500	 	  	 	3.1250	% 
		  	  
	  
	 	  	  
	  
	 
	 Total
	  	$	30,000,000	 	  	 	100.0000	% 
		  	  
	  
	 	  	  
	  
	 

 U.K. Revolving Commitment 

 

									
	 Name of Lender
	  	U.K.
Revolving
Commitment	 	  	Pro Rata
Percentage	 
	 Bank of America, N.A.
	  	$	6,562,500	 	  	 	18.7500	% 
	 Wells Fargo Bank, N.A.
	  	$	5,468,750	 	  	 	15.6250	% 
	 Citibank, N.A.
	  	$	5,468,750	 	  	 	15.6250	% 
	 MUFG Union Bank, N.A.
	  	$	4,375,000	 	  	 	12.5000	% 
	 Royal Bank of Canada
	  	$	4,375,000	 	  	 	12.5000	% 
	 Mizuho Bank, Ltd.
	  	$	4,375,000	 	  	 	12.5000	% 
	 HSBC Bank USA, National Association
	  	$	2,187,500	 	  	 	6.2500	% 
	 KeyBank National Association
	  	$	1,093,750	 	  	 	3.1250	% 
	 Manufacturers and Traders Trust Company
	  	$	1,093,750	 	  	 	3.1250	% 
		  	  
	  
	 	  	  
	  
	 
	 Total
	  	$	35,000,000	 	  	 	100.0000	% 
		  	  
	  
	 	  	  
	  
	 

 SCHEDULE 2.01C 

to 
 Syndicated Facility Agreement

 REVOLVING B COMMITMENTS 

Revolving B Commitment 
  

									
	 Name of Lender
	  	Revolving B
Commitment	 	  	Pro Rata
Percentage	 
	 Bank of America, N.A.
	  	$	55,125,000	 	  	 	18.7500	% 
	 Wells Fargo Bank, N.A.
	  	$	45,937,500	 	  	 	15.6250	% 
	 Citibank, N.A.
	  	$	45,937,500	 	  	 	15.6250	% 
	 MUFG Union Bank, N.A.
	  	$	36,750,000	 	  	 	12.5000	% 
	 Royal Bank of Canada
	  	$	36,750,000	 	  	 	12.5000	% 
	 Mizuho Bank, Ltd.
	  	$	36,750,000	 	  	 	12.5000	% 
	 HSBC Bank USA, National Association
	  	$	18,375,000	 	  	 	6.2500	% 
	 KeyBank National Association
	  	$	9,187,500	 	  	 	3.1250	% 
	 Manufacturers and Traders Trust Company
	  	$	9,187,500	 	  	 	3.1250	% 
		  	  
	  
	 	  	  
	  
	 
	 Total
	  	$	294,000,000	 	  	 	100.0000	% 
		  	  
	  
	 	  	  
	  
	 

 EXHIBIT A-1 

FORM OF NOTICE OF BORROWING 

[Date] 
 Bank of America, N.A., as Global
Administrative Agent 
 for the Lenders party to the Syndicated Facility Agreement referred to below 

Bank of America, N.A. 
  

 
  

Email: [                        ] 

Copy to: [                        ]

 Ladies and Gentlemen: 
 The undersigned
Relevant Borrower[s], refer[s] to the Syndicated Facility Agreement, dated as of December 20, 2017 (as amended, restated, modified and/or supplemented from time to time, the “Syndicated Facility Agreement,” the terms defined
therein being used herein as therein defined), among Mattel, Inc. (the “Company”), each of the other Borrowers and Guarantors party thereto from time to time, the Lenders party thereto from time to time, Bank of America, N.A., as
Global Administrative Agent, Collateral Agent and Australian Security Trustee, and the other parties thereto. The undersigned hereby gives you notice pursuant to Section 2.03 of the Syndicated Facility Agreement that the
undersigned hereby requests a Borrowing under the Syndicated Facility Agreement and sets forth below the information relating to such Borrowing (the “Proposed Borrowing”) as required by Section 2.03 of the
Syndicated Facility Agreement: 
 (i) The Business Day of the Proposed Borrowing is
                    ,         .1 

(ii) The aggregate principal amount of the Proposed Borrowing is [C$] [$] [€] [£] [AUD]
                    . 

(iii) [The Revolving A Loans to be made pursuant to the Proposed Borrowing shall be initially maintained as [U.S. Base Rate
Loans] [Eurocurrency Rate Loans] [Canadian Base Rate Loans] [Canadian Prime Loans] [Foreign Base Rate Loans] [Canadian CDOR Rate Loans] [Australian Bill Rate Loans].] 

[(iv)] [The Revolving B Loans to be made pursuant to the Proposed Borrowing shall be initially maintained as [U.S. Base Rate
Loans] [Eurocurrency Rate Loans].] 
 [(v)] [The initial Interest Period for the Proposed Borrowing is [one month] [two
months] [three months] [six months]].2 
 [(vi)] The location and number
of the account to which funds shall be disbursed is as follows: [                    ]. 

 

	1 	Shall be a Business Day and shall comply with the applicable advance notice requirement specified in Section 2.03 of the Syndicated Facility Agreement. 

	2 	To be included for a Proposed Borrowing of Eurocurrency Rate Loans, Australian Bill Rate Loans or Canadian CDOR Rate Loans. 

  
 A-1-1 

 [(vii)] The Loans are to be borrowed under the [U.S. Revolving A Subfacility]
[Revolving B Facility] [Canadian Revolving Subfacility] [French Revolving Subfacility by [                    ]3] [Spanish Revolving Subfacility by [                    ]4] [European (GNU) Revolving Subfacility by [                    ]5] [Australian Revolving Subfacility]. 
 [(viii)] The Loans are to be
borrowed in [Dollars] [Canadian Dollars] [Euros] [Sterling] [Australian Dollars].6 

The undersigned hereby certifies that the following statements are true on the date hereof, and will be true on the date of the Proposed
Borrowing: 
 (A) each of the representations and warranties made by any Credit Party contained in
Section 7 of the Syndicated Facility Agreement and the other Credit Documents will 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 the Proposed Borrowing 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); and 

(B) no Default or Event of Default will exist at the time of, or result from, such Proposed Borrowing. 

 

					
	Very truly yours,
	
	MATTEL, INC.
		
	By:	 	 
		 	Name:	 	  

		 	Title:	 	                                     
                               
]7

  
  

	3 	To insert name of applicable French Borrower 

	4 	To insert name of applicable Spanish Borrower 

	5 	To insert name of applicable European (GNU) Borrower 

	6 	Borrowings under any Subfacility may be made in Dollars and any Alternative Currency. Borrowings under the Revolving B Facility may be made only in Dollars. 

	7 	Use the Relevant Borrower if not the Company. 

  
 A-1-2 

 EXHIBIT A-2 

FORM OF NOTICE OF CONVERSION/CONTINUATION 

[Date] 
 Bank of America, N.A., as Global
Administrative Agent 
 for the Lenders party to the Syndicated Facility Agreement referred to below 

Bank of America, N.A. 
  

 
  

Email: [                        ] 

Copy to: [                        ]

 Ladies and Gentlemen: 
 The undersigned
Relevant Borrower[s], refer[s] to the Syndicated Facility Agreement Agreement, dated as of December 20, 2017 (as amended, restated, modified and/or supplemented from time to time, the “Syndicated Facility Agreement,” the terms
defined therein being used herein as therein defined), among Mattel, Inc. (the “Company”), each of the other Borrowers and Guarantors party thereto from time to time, the Lenders party thereto from time to time, Bank of America,
N.A., as Global Administrative Agent, Collateral Agent and Australian Security Trustee, and the other parties thereto. The undersigned hereby gives you notice pursuant to Section 2.08 of the Syndicated Facility Agreement
that the undersigned hereby requests to [convert][continue] the Borrowing of Loans referred to below and sets forth below the information relating to such [conversion][continuation] (the “Proposed [Conversion][Continuation]”) as
required by Section 2.08 of the Syndicated Facility Agreement: 
 (i) The Proposed
[Conversion][Continuation] relates to the Borrowing of [Revolving A Loans] [Revolving B Loans] originally made on                     ,
20     (the “Outstanding Borrowing”) in the principal amount of [C$] [$] [€] [£] [AUD]
                     and currently maintained as a Borrowing of [U.S. Base Rate Loans][Eurocurrency Rate Loans] with an Interest Period ending on
[                    , 201_][Canadian Base Rate Loans][Canadian Prime Loans][Foreign Base Rate Loans][Canadian CDOR Rate Loans] with an Interest
Period ending on [                    , 20    ][Australian Bill Rate Loans] with an Interest Period ending on
[                    , 20    ]. 

(ii) The effective date of the Proposed [Conversion][Continuation] is
                    .1 

(iii) The currency of the resulting Borrowing will be [Dollars] [Canadian Dollars] [Euros] [Sterling] [Australian Dollars].2 
  

	1 	Shall be a Business Day and shall comply with the applicable advance notice requirement specified in Section 2.08(b) of the Syndicated Facility Agreement. 

	2 	Borrowings under any Subfacility may be made in Dollars and any Alternative Currency. Borrowings under the Revolving B Facility may be made only in Dollars. No Borrowing may be converted into or continued as a Borrowing
denominated in a different currency, but instead must be prepaid in the original currency of such Borrowing and reborrowed in the other currency. 

  
 A-2-1 

 (iv) The Outstanding Borrowing shall be [continued/converted] into a Borrowing of
[U.S. Base Rate Loans] [Eurocurrency Rate Loans] with an Interest Period ending on [                    ,
        ][Canadian Base Rate Loans][Canadian Prime Loans][Foreign Base Rate Loans][Canadian CDOR Rate Loans] with an Interest Period ending on
[                    , 20    ][Australian Bill Rate Loans] with an Interest Period ending on
[                    , 20    ].3 

 

					
	Very truly yours,
	
	MATTEL, INC.
		
	By:	 	 
		 	Name:	 	  

		 	Title:	 	                                     
                               
]4

  
  

	3 	In the event that either (x) only a portion of the Outstanding Amount is to be so converted or continued or (y) the Outstanding Amount is to be divided into separate Borrowings with different Interest Periods, the
applicable Borrower should make appropriate modifications to this clause to reflect same. 

	4 	Use Relevant Borrower if not the Company. 

  
 A-2-2 

 EXHIBIT B-1 

FORM OF U.S. REVOLVING A NOTE 

New York, New York 

                       
   ,          
 FOR VALUE RECEIVED, MATTEL, INC., a Delaware corporation,
and each other borrower signatory hereto (collectively, the “U.S. Borrowers”), hereby jointly and severally promise to pay to
[                        ] (the “Lender”), in immediately available funds, at the Payment Office on or
before the Maturity Date for U.S. Revolving A Loans the principal amount of each U.S. Revolving A Loan from time to time made by the Lender to such U.S. Borrowers under that certain Syndicated Facility Agreement, dated as of December 20, 2017,
among Mattel, Inc., each of the other Borrowers and Guarantors party thereto from time to time, the Lenders party thereto from time to time, Bank of America, N.A., as Global Administrative Agent, Collateral Agent and Australian Security Trustee, and
the other parties thereto (as amended, restated, modified and/or supplemented from time to time, the “Syndicated Facility Agreement”), payable at such times and in such amounts as are specified in the Syndicated Facility Agreement.
Capitalized terms used but not defined herein shall have the meanings assigned thereto in the Syndicated Facility Agreement. 
 The U.S.
Borrowers promise also to pay interest on the unpaid principal amount of each U.S. Revolving A Loan made by the Lender in the currency set forth in the Syndicated Facility Agreement at the Payment Office from the date hereof until paid at the rates
and at the times provided in Section 2.06 of the Syndicated Facility Agreement. 
 This Note is one of the U.S.
Revolving A Notes referred to in the Syndicated Facility Agreement and is entitled to the benefits thereof and of the other Credit Documents. This Note is secured by certain of the Collateral and is entitled to the applicable benefits of the U.S.
Credit Party Guarantee with respect to the Obligations upon the terms and subject to the limitations set forth in the U.S. Credit Party Guarantee. As provided in the Syndicated Facility Agreement, this Note is subject to optional prepayment and
mandatory repayment prior to the Maturity Date, in whole or in part, and U.S. Revolving A Loans may be converted from one Type into another Type to the extent provided in the Syndicated Facility Agreement. This Note may only be transferred to the
extent and in the manner set forth in the Syndicated Facility Agreement. The Lender may also attach schedules to this Note and endorse thereon the date and amount of its U.S. Revolving A Loans and payments with respect thereto. 

In case an Event of Default shall occur and be continuing, the principal of and accrued interest on this Note may be declared to be due and
payable in the manner and with the effect provided in the Syndicated Facility Agreement. 
 The U.S. Borrowers hereby waive presentment,
demand, protest or notice of any kind in connection with this Note. 
 [Signature Page Follows] 

  
 B-1-1 

 THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW
YORK. 
  

			
	MATTEL, INC. 
		
	By:	 	 
		 	Name:
		 	Title:
	
	MATTEL SALES CORP. 
		
	By:	 	 
		 	Name:
		 	Title:
	
	MATTEL DIRECT IMPORT, INC. 
		
	By:	 	 
		 	Name:
		 	Title:
	
	FISHER-PRICE, INC.
		
	By:	 	 
		 	Name:
		 	Title:
	
	AMERICAN GIRL BRANDS, LLC 
		
	By:	 	 
		 	Name:
		 	Title:
	
	AMERICAN GIRL RETAIL, INC. 
		
	By:	 	 
		 	Name:
		 	Title:
	
	AMERICAN GIRL PUBLISHING, INC. 
		
	By:	 	 
		 	Name:
		 	Title:
	
	MATTEL REALTY CORPORATION 
		
	By:	 	 
		 	Name:
		 	Title:

  
 B-1-2 

 LOANS AND PAYMENTS WITH RESPECT THERETO 

 

													
	 Date
	  	 Type of Loan Made
	  	 Amount and
Currency of
Loan Made
	  	 End of
Interest
Period
	  	 Amount of
Principal or
Interest Paid
This
Date
	  	 Outstanding
Principal
Balance This
Date
	  	 Notation
Made By

  
 B-1-3 

 EXHIBIT B-2 

FORM OF CANADIAN REVOLVING NOTE 

New York, New York 

                       
   ,          
 FOR VALUE RECEIVED, MATTEL CANADA INC., a corporation
formed under the laws of the Province of Ontario, and each other Canadian Subsidiary of Mattel, Inc., a Delaware corporation signatory hereto (collectively, the “Canadian Borrowers”), hereby jointly and severally promise to pay to
[                        ] (the “Lender”), in immediately available funds, at the Payment Office on or before
the Maturity Date for Canadian Revolving Loans the principal amount of each Canadian Revolving Loan from time to time made by the Lender to such Canadian Borrowers under that certain Syndicated Facility Agreement, dated as of December 20, 2017,
among Mattel, Inc., each of the other Borrowers and Guarantors party thereto from time to time, the Lenders party thereto from time to time, Bank of America, N.A., as Global Administrative Agent, Collateral Agent and Australian Security Trustee, and
the other parties thereto (as amended, restated, modified and/or supplemented from time to time, the “Syndicated Facility Agreement”), payable at such times and in such amounts as are specified in the Syndicated Facility Agreement.
Capitalized terms used but not defined herein shall have the meanings assigned thereto in the Syndicated Facility Agreement. 
 The Canadian
Borrowers promise also to pay interest on the unpaid principal amount of each Canadian Revolving Loan made by the Lender in the currency set forth in the Syndicated Facility Agreement at the Payment Office from the date hereof until paid at the
rates and at the times provided in Section 2.06 of the Syndicated Facility Agreement. 
 This Note is one of the
Canadian Revolving Notes referred to in the Syndicated Facility Agreement and is entitled to the benefits thereof and of the other Credit Documents. This Note is secured by certain of the Collateral and is entitled to the applicable benefits of the
applicable Foreign Credit Party Guarantee with respect to the Obligations upon the terms and subject to the limitations set forth in the applicable Foreign Credit Party Guarantee. As provided in the Syndicated Facility Agreement, this Note is
subject to optional prepayment and mandatory repayment prior to the Maturity Date, in whole or in part, and Canadian Revolving Loans may be converted from one Type into another Type to the extent provided in the Syndicated Facility Agreement. This
Note may only be transferred to the extent and in the manner set forth in the Syndicated Facility Agreement. The Lender may also attach schedules to this Note and endorse thereon the date and amount of its Canadian Revolving Loans and payments with
respect thereto. 
 In case an Event of Default shall occur and be continuing, the principal of and accrued interest on this Note may be
declared to be due and payable in the manner and with the effect provided in the Syndicated Facility Agreement. 
 The Canadian Borrowers
hereby waive presentment, demand, protest or notice of any kind in connection with this Note. 
 [Signature Page Follows] 

  
 B-2-1 

 THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 

 

			
	MATTEL CANADA INC. 
		
	By:	 	 
		 	Name:
		 	Title:
	
	[LIST ADDITIONAL CANADIAN BORROWERS] 
		
	By:	 	 
		 	Name:
		 	Title:

  
 B-2-2 

 LOANS AND PAYMENTS WITH RESPECT THERETO 

 

													
	Date	  	 Type of Loan Made
	  	 Amount and
Currency of

Loan Made
	  	 End of

Interest
 Period
	  	 Amount of
Principal or Interest
Paid This
Date
	  	 Outstanding
Principal Balance
This Date
	  	 Notation

Made By

  
 B-2-3 

 EXHIBIT B-3 

FORM OF FRENCH REVOLVING NOTE 

New York, New York 
 ____________,
____ 
 FOR VALUE RECEIVED, MATTEL FRANCE, a French limited liability company (société par actions simplifiée)
having its registered office at 1/3/5 allée des Fleurs, Parc de la Cerisaie 94260 Fresnes – France, and registered with the Trade and Companies Registry of Créteil under the number 692 039 688 RCS Créteil, and
each other French Subsidiary of Mattel, Inc., a Delaware corporation signatory hereto (collectively, the “French Borrowers”), hereby jointly and severally promise to pay to
[                ] (the “Lender”), in immediately available funds, at the Payment Office on or before the Maturity Date for French Revolving Loans the
principal amount of each French Revolving Loan from time to time made by the Lender to such French Borrowers under that certain Syndicated Facility Agreement, dated as of December 20, 2017, among Mattel, Inc., each of the other Borrowers and
Guarantors party thereto from time to time, the Lenders party thereto from time to time, Bank of America, N.A., as Global Administrative Agent, Collateral Agent and Australian Security Trustee, and the other parties thereto (as amended, restated,
modified and/or supplemented from time to time, the “Syndicated Facility Agreement”), payable at such times and in such amounts as are specified in the Syndicated Facility Agreement. Capitalized terms used but not defined herein
shall have the meanings assigned thereto in the Syndicated Facility Agreement. 
 The French Borrowers promise also to pay interest on the
unpaid principal amount of each French Revolving Loan made by the Lender in the currency set forth in the Syndicated Facility Agreement at the Payment Office from the date hereof until paid at the rates and at the times provided in
Section 2.06 of the Syndicated Facility Agreement. 
 This Note is one of the French Revolving Notes referred to
in the Syndicated Facility Agreement and is entitled to the benefits thereof and of the other Credit Documents. This Note is secured by certain of the Collateral and is entitled to the applicable benefits of the applicable Foreign Credit Party
Guarantee with respect to the Obligations upon the terms and subject to the limitations set forth in the applicable Foreign Credit Party Guarantee. As provided in the Syndicated Facility Agreement, this Note is subject to optional prepayment and
mandatory repayment prior to the Maturity Date, in whole or in part, and French Revolving Loans may be converted from one Type into another Type to the extent provided in the Syndicated Facility Agreement. This Note may only be transferred to the
extent and in the manner set forth in the Syndicated Facility Agreement. The Lender may also attach schedules to this Note and endorse thereon the date and amount of its French Revolving Loans and payments with respect thereto. 

In case an Event of Default shall occur and be continuing, the principal of and accrued interest on this Note may be declared to be due and
payable in the manner and with the effect provided in the Syndicated Facility Agreement. 
 The French Borrowers hereby waive presentment,
demand, protest or notice of any kind in connection with this Note. 
 [Signature Page Follows] 

  
 B-3-1 

 THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW
YORK. 
  

			
	MATTEL FRANCE
		
	By:	 	 
		 	Name:
		 	Title:
	
	[LIST ADDITIONAL FRENCH BORROWERS] 
		
	By:	 	 
		 	Name:
		 	Title:

  
 B-3-2 

 LOANS AND PAYMENTS WITH RESPECT THERETO 

 

													
	 Date
	  	 Type of Loan Made
	  	 Amount and
Currency of

Loan Made
	  	 End of

Interest
 Period
	  	 Amount of
Principal or Interest
Paid This Date
	  	 Outstanding
Principal Balance
This Date
	  	 Notation

Made By

  
 B-3-3 

 EXHIBIT B-4 

FORM OF EUROPEAN (GNU) REVOLVING NOTE 

New York, New York 

                       
 ,          
 FOR VALUE RECEIVED, MATTEL EUROPA B.V., a private limited liability
company (besloten vennootschap met beperkte aansprakelijkheid) under Netherlands law, having its corporate seat at Amsterdam (address: Gondel 1, 2nd floor, 1186 MJ Amstelveen, the Netherlands, and registered with the Dutch trade register under
number: 33237928, MATTEL U.K. LIMITED, a company incorporated in England and Wales with company number 01471442, HIT ENTERTAINMENT LIMITED, a company incorporated in England and Wales with company number 02341947, GULLANE (THOMAS) LIMITED, a company
incorporated in England and Wales with company number 01555168, and MATTEL GMBH, a German corporation (Gesellschaft mit beschränkter Haftung) having its registered office at Solmstrasse 4, 60486 Frankfurt am Main, Germany, and registered with
the Frankfurt, Germany Commercial Register under HRB 99273 and each European (GNU) Subsidiary of Mattel, Inc., a Delaware corporation signatory hereto (collectively, the “European (GNU) Borrowers”), hereby jointly and severally
promise to pay to [                    ] (the “Lender”), in immediately available funds, at the Payment Office on or before the
Maturity Date for European (GNU) Revolving Loans the principal amount of each European (GNU) Revolving Loan from time to time made by the Lender to such European (GNU) Borrowers under that certain Syndicated Facility Agreement, dated as of
December 20, 2017, among Mattel, Inc., each of the other Borrowers and Guarantors party thereto from time to time, the Lenders party thereto from time to time, Bank of America, N.A., as Global Administrative Agent, Collateral Agent and
Australian Security Trustee, and the other parties thereto (as amended, restated, modified and/or supplemented from time to time, the “Syndicated Facility Agreement”), payable at such times and in such amounts as are specified in
the Syndicated Facility Agreement. Capitalized terms used but not defined herein shall have the meanings assigned thereto in the Syndicated Facility Agreement. 

The European (GNU) Borrowers promise also to pay interest on the unpaid principal amount of each European (GNU) Revolving Loan made by the
Lender in the currency set forth in the Syndicated Facility Agreement at the Payment Office from the date hereof until paid at the rates and at the times provided in Section 2.06 of the Syndicated Facility Agreement. 

This Note is one of the European (GNU) Revolving Notes referred to in the Syndicated Facility Agreement and is entitled to the benefits
thereof and of the other Credit Documents. This Note is secured by certain of the Collateral and is entitled to the applicable benefits of the applicable Foreign Credit Party Guarantee with respect to the Obligations upon the terms and subject to
the limitations set forth in the applicable Foreign Credit Party Guarantee. As provided in the Syndicated Facility Agreement, this Note is subject to optional prepayment and mandatory repayment prior to the Maturity Date, in whole or in part, and
European (GNU) Revolving Loans may be converted from one Type into another Type to the extent provided in the Syndicated Facility Agreement. This Note may only be transferred to the extent and in the manner set forth in the Syndicated Facility
Agreement. The Lender may also attach schedules to this Note and endorse thereon the date and amount of its European (GNU) Revolving Loans and payments with respect thereto. 

In case an Event of Default shall occur and be continuing, the principal of and accrued interest on this Note may be declared to be due and
payable in the manner and with the effect provided in the Syndicated Facility Agreement. 
 The European (GNU) Borrowers hereby waive
presentment, demand, protest or notice of any kind in connection with this Note. 
 [Signature Page Follows] 

  
 B-4-1 

 THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 

 

			
	MATTEL EUROPA B.V.
		
	By:	 	  

		 	Name:
		 	Title:
	
	MATTEL U.K. LIMITED
		
	By:	 	  

		 	Name:
		 	Title:
	
	HIT ENTERTAINMENT LIMITED
		
	By:	 	  

		 	Name:
		 	Title:
	
	GULLANE (THOMAS) LIMITED
		
	By:	 	  

		 	Name:
		 	Title:
	
	MATTEL GMBH
		
	By:	 	  

		 	Name:
		 	Title:
	
	[LIST ADDITIONAL EUROPEAN (GNU) BORROWERS] 
		
	By:	 	  

		 	Name:
		 	Title:

  
 B-4-2 

 LOANS AND PAYMENTS WITH RESPECT THERETO 

 

													
	 Date
	  	Type of Loan Made	  	Amount and
Currency of Loan
Made	  	End of Interest
Period	  	Amount of
Principal or
Interest Paid
This Date	  	Outstanding
Principal
Balance This Date	  	Notation Made By

  
 B-4-3 

 EXHIBIT B-5 

FORM OF SPANISH REVOLVING NOTE 

New York, New York 
 ____________,
____ 
 FOR VALUE RECEIVED, MATTEL ESPAÑA, S.A., a corporation formed under the laws of Spain, and each other Spanish Subsidiary of
Mattel, Inc., a Delaware corporation signatory hereto (collectively, the “Spanish Borrowers”), hereby jointly and severally promise to pay to
[                ] (the “Lender”), in immediately available funds, at the Payment Office on or before the Maturity Date for Spanish Revolving Loans the
principal amount of each Spanish Revolving Loans from time to time made by the Lender to such Spanish Borrowers under that certain Syndicated Facility Agreement, dated as of December 20, 2017, among Mattel, Inc., each of the other Borrowers and
Guarantors party thereto from time to time, the Lenders party thereto from time to time, Bank of America, N.A., as Global Administrative Agent, Collateral Agent and Australian Security Trustee, and the other parties thereto (as amended, restated,
modified and/or supplemented from time to time, the “Syndicated Facility Agreement”), payable at such times and in such amounts as are specified in the Syndicated Facility Agreement. Capitalized terms used but not defined herein
shall have the meanings assigned thereto in the Syndicated Facility Agreement. 
 The Spanish Borrowers promise also to pay interest on the
unpaid principal amount of each Spanish Revolving Loan made by the Lender in the currency set forth in the Syndicated Facility Agreement at the Payment Office from the date hereof until paid at the rates and at the times provided in
Section 2.06 of the Syndicated Facility Agreement. 
 This Note is one of the Spanish Revolving Notes referred to
in the Syndicated Facility Agreement and is entitled to the benefits thereof and of the other Credit Documents. This Note is secured by certain of the Collateral and is entitled to the applicable benefits of the applicable Foreign Credit Party
Guarantee with respect to the Obligations upon the terms and subject to the limitations set forth in the applicable Foreign Credit Party Guarantee. As provided in the Syndicated Facility Agreement, this Note is subject to optional prepayment and
mandatory repayment prior to the Maturity Date, in whole or in part, and Spanish Revolving Loans may be converted from one Type into another Type to the extent provided in the Syndicated Facility Agreement. This Note may only be transferred to the
extent and in the manner set forth in the Syndicated Facility Agreement. The Lender may also attach schedules to this Note and endorse thereon the date and amount of its Spanish Revolving Loans and payments with respect thereto. 

In case an Event of Default shall occur and be continuing, the principal of and accrued interest on this Note may be declared to be due and
payable in the manner and with the effect provided in the Syndicated Facility Agreement. 
 The Spanish Borrowers hereby waive presentment,
demand, protest or notice of any kind in connection with this Note. 
 [Signature Page Follows] 

  
 B-5-1 

 THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW
YORK. 
  

			
	MATTEL ESPAÑA, S.A.
		
	By:	 	  

		 	Name:
		 	Title:
	
	[LIST ADDITIONAL SPANISH BORROWERS] 
		
	By:	 	  

		 	Name:
		 	Title:

  
 B-5-2 

 LOANS AND PAYMENTS WITH RESPECT THERETO 

 

													
	 Date
	  	 Type of Loan Made
	  	 Amount and
Currency of Loan
Made
	  	 End of Interest
Period
	  	 Amount of
Principal or
Interest Paid

This Date
	  	 Outstanding
Principal

Balance This
Date
	  	 Notation

Made By

  
 B-5-3 

 EXHIBIT B-6 

FORM OF AUSTRALIAN REVOLVING NOTE 

New York, New York 
 ____________,
____ 
 FOR VALUE RECEIVED, MATTEL PTY. LTD., an Australian proprietary limited company with ACN 000 660 962, and each other Australian
Subsidiary of Mattel, Inc., a Delaware corporation signatory hereto (collectively, the “Australian Borrowers”), hereby jointly and severally promise to pay to
[                    ] (the “Lender”), in immediately available funds, at the Payment Office on or before the Maturity Date for
Australian Revolving Loans the principal amount of each Australian Revolving Loan from time to time made by the Lender to such Australian Borrowers under that certain Syndicated Facility Agreement, dated as of December 20, 2017, among Mattel,
Inc., each of the other Borrowers and Guarantors party thereto from time to time, the Lenders party thereto from time to time, Bank of America, N.A., as Global Administrative Agent, Collateral Agent and Australian Security Trustee, and the other
parties thereto (as amended, restated, modified and/or supplemented from time to time, the “Syndicated Facility Agreement”), payable at such times and in such amounts as are specified in the Syndicated Facility Agreement.
Capitalized terms used but not defined herein shall have the meanings assigned thereto in the Syndicated Facility Agreement. 
 The
Australian Borrowers promise also to pay interest on the unpaid principal amount of each Australian Revolving Loan made by the Lender in the currency set forth in the Syndicated Facility Agreement at the Payment Office from the date hereof until
paid at the rates and at the times provided in Section 2.06 of the Syndicated Facility Agreement. 
 This Note is
one of the Australian Revolving Notes referred to in the Syndicated Facility Agreement and is entitled to the benefits thereof and of the other Credit Documents. This Note is secured by certain of the Collateral and is entitled to the applicable
benefits of the applicable Foreign Credit Party Guarantee with respect to the Obligations upon the terms and subject to the limitations set forth in the applicable Foreign Credit Party Guarantee. As provided in the Syndicated Facility Agreement,
this Note is subject to optional prepayment and mandatory repayment prior to the Maturity Date, in whole or in part, and Australian Revolving Loans may be converted from one Type into another Type to the extent provided in the Syndicated Facility
Agreement. This Note may only be transferred to the extent and in the manner set forth in the Syndicated Facility Agreement. The Lender may also attach schedules to this Note and endorse thereon the date and amount of its Australian Revolving Loans
and payments with respect thereto. 
 In case an Event of Default shall occur and be continuing, the principal of and accrued interest on
this Note may be declared to be due and payable in the manner and with the effect provided in the Syndicated Facility Agreement. 
 The
Australian Borrowers hereby waive presentment, demand, protest or notice of any kind in connection with this Note. 
 [Signature Page
Follows] 

  
 B-6-1 

 THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW
YORK. 
 MATTEL PTY. LIMITED 
  

					
	 EXECUTED by MATTEL PTY LTD (ACN 611 652 950) in accordance with section 127(1) of the Corporations Act 2001 (Cwlth):
	  	 )
 )

)
 )

)
	  	
		  	)	  	  

	  
	  	)	  	Signature of director/company secretary*
	Signature of director	  	)	  	*delete whichever is not applicable
		  	)	  	
		  	)	  	  

	  
	  	)	  	Name of director/company secretary*
	Name of director (block letters)	  	)	  	(block letters)
		  		  	*delete whichever is not applicable
		  		  	
		  		  	

  

			
	[LIST ADDITIONAL AUSTRALIAN BORROWERS] 
		
	By:	 	  

		 	Name:
		 	Title:

  
 B-6-2 

 LOANS AND PAYMENTS WITH RESPECT THERETO 

 

													
	 Date
	  	 Type of Loan Made
	  	 Amount and
Currency of
Loan Made
	  	 End of
Interest
Period
	  	 Amount of
Principal
or Interest
Paid
This
Date
	  	 Outstanding
Principal
Balance This
Date
	  	 Notation
Made By

  
 B-6-3 

 EXHIBIT B-7 

FORM OF U.S. SWINGLINE NOTE 

New York, New York 
 _____________,
____ 
 FOR VALUE RECEIVED, MATTEL, INC., a Delaware corporation, and each other borrower signatory hereto (collectively, the “U.S.
Borrowers”), hereby jointly and severally promise to pay to [                ] (the “Lender”), in immediately available funds, at the Payment
Office on or before the Maturity Date for U.S. Swingline Loans the principal amount of each U.S. Swingline Loan from time to time made by the Lender to such U.S. Borrowers under that certain Syndicated Facility Agreement, dated as of
December 20, 2017, among Mattel, Inc., each of the other Borrowers and Guarantors party thereto from time to time, the Lenders party thereto from time to time, Bank of America, N.A., as Global Administrative Agent, Collateral Agent and
Australian Security Trustee, and the other parties thereto (as amended, restated, modified and/or supplemented from time to time, the “Syndicated Facility Agreement”), payable at such times and in such amounts as are specified in
the Syndicated Facility Agreement. Capitalized terms used but not defined herein shall have the meanings assigned thereto in the Syndicated Facility Agreement. 

The U.S. Borrowers promise also to pay interest on the unpaid principal amount of each U.S. Swingline Loan made by the Lender in the currency
set forth in the Syndicated Facility Agreement at the Payment Office from the date hereof until paid at the rates and at the times provided in Section 2.06 of the Syndicated Facility Agreement. 

This Note is one of the U.S. Swingline Notes referred to in the Syndicated Facility Agreement and is entitled to the benefits thereof and of
the other Credit Documents. This Note is secured by certain of the Collateral and is entitled to the applicable benefits of the U.S. Credit Party Guarantee with respect to the Obligations upon the terms and subject to the limitations set forth in
the U.S. Credit Party Guarantee. As provided in the Syndicated Facility Agreement, this Note is subject to optional prepayment and mandatory repayment prior to the Maturity Date, in whole or in part. This Note may only be transferred to the extent
and in the manner set forth in the Syndicated Facility Agreement. The Lender may also attach schedules to this Note and endorse thereon the date and amount of its U.S. Swingline Loans and payments with respect thereto. 

In case an Event of Default shall occur and be continuing, the principal of and accrued interest on this Note may be declared to be due and
payable in the manner and with the effect provided in the Syndicated Facility Agreement. 
 The U.S. Borrowers hereby waive presentment,
demand, protest or notice of any kind in connection with this Note. 
 [Signature Page Follows] 

  
 B-7-1 

 THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW
YORK. 
  

			
	MATTEL, INC. 
		
	By:	 	  

		 	Name:
		 	Title:
	
	MATTEL SALES CORP. 
		
	By:	 	  

		 	Name:
		 	Title:
	
	MATTEL DIRECT IMPORT, INC. 
		
	By:	 	  

		 	Name:
		 	Title:
	
	FISHER-PRICE, INC.
		
	By:	 	  

		 	Name:
		 	Title:
	
	AMERICAN GIRL BRANDS, LLC 
		
	By:	 	  

		 	Name:
		 	Title:
	
	AMERICAN GIRL RETAIL, INC. 
		
	By:	 	  

		 	Name:
		 	Title:
		 	
	
	AMERICAN GIRL PUBLISHING, INC. 
		
	By:	 	  

		 	Name:
		 	Title:
	
	MATTEL REALTY CORPORATION 
		
	By:	 	  

		 	Name:
		 	Title:

  
 B-7-2 

 LOANS AND PAYMENTS WITH RESPECT THERETO 

 

													
	 Date
	  	 Type of Loan Made
	  	 Amount and
Currency of

Loan Made
	  	 End of

Interest
 Period
	  	 Amount of
Principal or
Interest Paid

This Date
	  	 Outstanding
Principal Balance
This Date
	  	 Notation

Made By

  
 B-7-3 

 EXHIBIT B-8 

FORM OF CANADIAN SWINGLINE NOTE 

New York, New York 
 _____________,
____ 
 FOR VALUE RECEIVED, MATTEL CANADA INC., a corporation formed under the laws of the Province of Ontario, and each other Canadian
Subsidiary of Mattel, Inc., a Delaware corporation signatory hereto (collectively, the “Canadian Borrowers”), hereby jointly and severally promise to pay to
[                ] (the “Lender”), in immediately available funds, at the Payment Office on or before the Maturity Date for Canadian Swingline Loans the
principal amount of each Canadian Swingline Loan from time to time made by the Lender to such Canadian Borrowers under that certain Syndicated Facility Agreement, dated as of December 20, 2017, among Mattel, Inc., each of the other Borrowers
and Guarantors party thereto from time to time, the Lenders party thereto from time to time, Bank of America, N.A., as Global Administrative Agent, Collateral Agent and Australian Security Trustee, and the other parties thereto (as amended,
restated, modified and/or supplemented from time to time, the “Syndicated Facility Agreement”), payable at such times and in such amounts as are specified in the Syndicated Facility Agreement. Capitalized terms used but not defined
herein shall have the meanings assigned thereto in the Syndicated Facility Agreement. 
 The Canadian Borrowers promise also to pay interest
on the unpaid principal amount of each Canadian Swingline Loan made by the Lender in the currency set forth in the Syndicated Facility Agreement at the Payment Office from the date hereof until paid at the rates and at the times provided in
Section 2.06 of the Syndicated Facility Agreement. 
 This Note is one of the Canadian Swingline Notes referred to
in the Syndicated Facility Agreement and is entitled to the benefits thereof and of the other Credit Documents. This Note is secured by certain of the Collateral and is entitled to the applicable benefits of the applicable Foreign Credit Party
Guarantee with respect to the Obligations upon the terms and subject to the limitations set forth in the applicable Foreign Credit Party Guarantee. As provided in the Syndicated Facility Agreement, this Note is subject to optional prepayment and
mandatory repayment prior to the Maturity Date, in whole or in part. This Note may only be transferred to the extent and in the manner set forth in the Syndicated Facility Agreement. The Lender may also attach schedules to this Note and endorse
thereon the date and amount of its Canadian Swingline Loans and payments with respect thereto. 
 In case an Event of Default shall occur
and be continuing, the principal of and accrued interest on this Note may be declared to be due and payable in the manner and with the effect provided in the Syndicated Facility Agreement. 

The Canadian Borrowers hereby waive presentment, demand, protest or notice of any kind in connection with this Note. 

[Signature Page Follows] 

  
 B-8-1 

 THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW
YORK. 
  

			
	MATTEL CANADA INC. 
		
	By:	 	  

		 	Name:
		 	Title:
	
	[LIST ADDITIONAL CANADIAN BORROWERS] 
		
	By:	 	  

		 	Name:
		 	Title:

  
 B-8-2 

 LOANS AND PAYMENTS WITH RESPECT THERETO 

 

													
	 Date
	  	 Type of Loan
Made
	  	 Amount
and
Currency
of Loan
Made
	  	 End of
Interest
Period
	  	 Amount of

Principal or
Interest Paid
This Date
	  	 Outstanding
Principal
Balance
This Date
	  	 Notation
Made By

  
 B-8-3 

 EXHIBIT B-9 

FORM OF FRENCH SWINGLINE NOTE 

New York, New York 
 _____________,
____ 
 FOR VALUE RECEIVED, MATTEL FRANCE, a French limited liability company (société par actions simplifiée)
having its registered office at 1/3/5 allée des Fleurs, Parc de la Cerisaie 94260 Fresnes – France, and registered with the Trade and Companies Registry of Créteil under the number 692 039 688 RCS Créteil, and
each other French Subsidiary of Mattel, Inc., a Delaware corporation signatory hereto (collectively, the “French Borrowers”), hereby jointly and severally promise to pay to
[                    ] (the “Lender”), in immediately available funds, at the Payment Office on or before the Maturity Date for
French Swingline Loans the principal amount of each French Swingline Loan from time to time made by the Lender to such French Borrowers under that certain Syndicated Facility Agreement, dated as of December 20, 2017, among Mattel, Inc., each of
the other Borrowers and Guarantors party thereto from time to time, the Lenders party thereto from time to time, Bank of America, N.A., as Global Administrative Agent, Collateral Agent and Australian Security Trustee, and the other parties thereto
(as amended, restated, modified and/or supplemented from time to time, the “Syndicated Facility Agreement”), payable at such times and in such amounts as are specified in the Syndicated Facility Agreement. Capitalized terms used but
not defined herein shall have the meanings assigned thereto in the Syndicated Facility Agreement. 
 The French Borrowers promise also to
pay interest on the unpaid principal amount of each French Swingline Loan made by the Lender in the currency set forth in the Syndicated Facility Agreement at the Payment Office from the date hereof until paid at the rates and at the times provided
in Section 2.06 of the Syndicated Facility Agreement. 
 This Note is one of the French Swingline Notes referred
to in the Syndicated Facility Agreement and is entitled to the benefits thereof and of the other Credit Documents. This Note is secured by certain of the Collateral and is entitled to the applicable benefits of the applicable Foreign Credit Party
Guarantee with respect to the Obligations upon the terms and subject to the limitations set forth in the applicable Foreign Credit Party Guarantee. As provided in the Syndicated Facility Agreement, this Note is subject to optional prepayment and
mandatory repayment prior to the Maturity Date, in whole or in part. This Note may only be transferred to the extent and in the manner set forth in the Syndicated Facility Agreement. The Lender may also attach schedules to this Note and endorse
thereon the date and amount of its French Swingline Loans and payments with respect thereto. 
 In case an Event of Default shall occur and
be continuing, the principal of and accrued interest on this Note may be declared to be due and payable in the manner and with the effect provided in the Syndicated Facility Agreement. 

The French Borrowers hereby waive presentment, demand, protest or notice of any kind in connection with this Note. 

[Signature Page Follows] 

  
 B-9-1 

 THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW
YORK. 
  

			
	MATTEL FRANCE
		
	By:	 	  

		 	Name:
		 	Title:
	
	[LIST ADDITIONAL FRENCH BORROWERS] 
		
	By:	 	  

		 	Name:
		 	Title:

  
 B-9-2 

 LOANS AND PAYMENTS WITH RESPECT THERETO 

 

													
	 Date
	  	 Type of Loan Made
	  	 Amount and
Currency of
Loan Made
	  	 End of
Interest
Period
	  	 Amount of
Principal or
Interest Paid
This
Date
	  	 Outstanding
Principal
Balance
This Date
	  	 Notation
Made By

  
 B-9-3 

 EXHIBIT B-10 

FORM OF EUROPEAN (GNU) SWINGLINE NOTE 

New York, New York 
 _____________,
____ 
 FOR VALUE RECEIVED, MATTEL EUROPA B.V., a private limited liability company (besloten vennootschap met beperkte aansprakelijkheid)
under Netherlands law, having its corporate seat at Amsterdam (address: Gondel 1, 2nd floor, 1186 MJ Amstelveen, the Netherlands, and registered with the Dutch trade register under number: 33237928, MATTEL U.K. LIMITED, a company incorporated in
England and Wales with company number 01471442, HIT ENTERTAINMENT LIMITED, a company incorporated in England and Wales with company number 02341947, GULLANE (THOMAS) LIMITED, a company incorporated in England and Wales with company number 01555168,
and MATTEL GMBH, a German corporation (Gesellschaft mit beschränkter Haftung) having its registered office at Solmstrasse 4, 60486 Frankfurt am Main, Germany, and registered with the Frankfurt, Germany Commercial Register under HRB 99273 and
each European (GNU) Subsidiary of Mattel, Inc., a Delaware corporation signatory hereto (collectively, the “European (GNU) Borrowers”), hereby jointly and severally promise to pay to
[                    ] (the “Lender”), in immediately available funds, at the Payment Office on or before the Maturity Date for
European (GNU) Swingline Loans the principal amount of each European (GNU) Swingline Loan from time to time made by the Lender to such European (GNU) Borrowers under that certain Syndicated Facility Agreement, dated as of December 20, 2017,
among Mattel, Inc., each of the other Borrowers and Guarantors party thereto from time to time, the Lenders party thereto from time to time, Bank of America, N.A., as Global Administrative Agent, Collateral Agent and Australian Security Trustee, and
the other parties thereto (as amended, restated, modified and/or supplemented from time to time, the “Syndicated Facility Agreement”), payable at such times and in such amounts as are specified in the Syndicated Facility Agreement.
Capitalized terms used but not defined herein shall have the meanings assigned thereto in the Syndicated Facility Agreement. 
 The European
(GNU) Borrowers promise also to pay interest on the unpaid principal amount of each European (GNU) Swingline Loan made by the Lender in the currency set forth in the Syndicated Facility Agreement at the Payment Office from the date hereof until paid
at the rates and at the times provided in Section 2.06 of the Syndicated Facility Agreement. 
 This Note is one
of the European (GNU) Swingline Notes referred to in the Syndicated Facility Agreement and is entitled to the benefits thereof and of the other Credit Documents. This Note is secured by certain of the Collateral and is entitled to the applicable
benefits of the applicable Foreign Credit Party Guarantee with respect to the Obligations upon the terms and subject to the limitations set forth in the applicable Foreign Credit Party Guarantee. As provided in the Syndicated Facility Agreement,
this Note is subject to optional prepayment and mandatory repayment prior to the Maturity Date, in whole or in part. This Note may only be transferred to the extent and in the manner set forth in the Syndicated Facility Agreement. The Lender may
also attach schedules to this Note and endorse thereon the date and amount of its European (GNU) Swingline Loans and payments with respect thereto. 

In case an Event of Default shall occur and be continuing, the principal of and accrued interest on this Note may be declared to be due and
payable in the manner and with the effect provided in the Syndicated Facility Agreement. 
 The European (GNU) Borrowers hereby waive
presentment, demand, protest or notice of any kind in connection with this Note. 
 [Signature Page Follows] 

  
 B-10-1 

 THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW
YORK. 
  

			
	MATTEL EUROPA B.V.
		
	By:	 	  

		 	Name:
		 	Title:
	
	MATTEL U.K. LIMITED
		
	By:	 	  

		 	Name:
		 	Title:
	
	HIT ENTERTAINMENT LIMITED
		
	By:	 	  

		 	Name:
		 	Title:
	
	GULLANE (THOMAS) LIMITED
		
	By:	 	  

		 	Name:
		 	Title:
	
	MATTEL GMBH
		
	By:	 	  

		 	Name:
		 	Title:
	
	[LIST ADDITIONAL EUROPEAN (GNU) BORROWERS] 
		
	By:	 	  

		 	Name:
		 	Title:

  
 B-10-2 

 LOANS AND PAYMENTS WITH RESPECT THERETO 

 

													
	 Date
	  	 Type of Loan Made
	  	 Amount and
Currency of
Loan Made
	  	 End of
Interest
Period
	  	 Amount of
Principal or
Interest Paid
This
Date
	  	 Outstanding
Principal
Balance
This Date
	  	 Notation
Made By

  
 B-10-3 

 EXHIBIT B-11 

FORM OF AUSTRALIAN SWINGLINE NOTE 

New York, New York 
 _____________,
____ 
 FOR VALUE RECEIVED, MATTEL PTY. LTD., an Australian proprietary limited company with ACN 000 660 962, and each other Australian
Subsidiary of Mattel, Inc., a Delaware corporation signatory hereto (collectively, the “Australian Borrowers”), hereby jointly and severally promise to pay to
[                ] (the “Lender”), in immediately available funds, at the Payment Office on or before the Maturity Date for Australian Swingline Loans
the principal amount of each Australian Swingline Loan from time to time made by the Lender to such Australian Borrowers under that certain Syndicated Facility Agreement, dated as of December 20, 2017, among Mattel, Inc., each of the other
Borrowers and Guarantors party thereto from time to time, the Lenders party thereto from time to time, Bank of America, N.A., as Global Administrative Agent, Collateral Agent and Australian Security Trustee, and the other parties thereto (as
amended, restated, modified and/or supplemented from time to time, the “Syndicated Facility Agreement”), payable at such times and in such amounts as are specified in the Syndicated Facility Agreement. Capitalized terms used but not
defined herein shall have the meanings assigned thereto in the Syndicated Facility Agreement. 
 The Australian Borrowers promise also to
pay interest on the unpaid principal amount of each Australian Swingline Loan made by the Lender in the currency set forth in the Syndicated Facility Agreement at the Payment Office from the date hereof until paid at the rates and at the times
provided in Section 2.06 of the Syndicated Facility Agreement. 
 This Note is one of the Australian Swingline
Notes referred to in the Syndicated Facility Agreement and is entitled to the benefits thereof and of the other Credit Documents. This Note is secured by certain of the Collateral and is entitled to the applicable benefits of the applicable Foreign
Credit Party Guarantee with respect to the Obligations upon the terms and subject to the limitations set forth in the applicable Foreign Credit Party Guarantee. As provided in the Syndicated Facility Agreement, this Note is subject to optional
prepayment and mandatory repayment prior to the Maturity Date, in whole or in part. This Note may only be transferred to the extent and in the manner set forth in the Syndicated Facility Agreement. The Lender may also attach schedules to this Note
and endorse thereon the date and amount of its Australian Swingline Loans and payments with respect thereto. 
 In case an Event of Default
shall occur and be continuing, the principal of and accrued interest on this Note may be declared to be due and payable in the manner and with the effect provided in the Syndicated Facility Agreement. 

The Australian Borrowers hereby waive presentment, demand, protest or notice of any kind in connection with this Note. 

[Signature Page Follows] 

  
 B-11-1 

 THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW
YORK. 
 MATTEL PTY. LIMITED 
  

					
	 EXECUTED by MATTEL PTY LTD (ACN 611 652 950) in accordance with section 127(1) of the Corporations Act 2001 (Cwlth):
	  	 )
 )

)
 )

)
	  	
		  	)	  	  

	  
	  	)	  	Signature of director/company secretary*
	Signature of director	  	)	  	*delete whichever is not applicable
		  	)	  	
		  	)	  	  

	  
	  	)	  	Name of director/company secretary*
	Name of director (block letters)	  	)	  	(block letters)
		  		  	*delete whichever is not applicable
		  		  	
		  		  	
		  		  	[LIST ADDITIONAL AUSTRALIAN BORROWERS]
			
		  		  	By:                                     
                                         
                                    
		  		  	Name:
		  		  	Title:

  
 B-11-2 

 LOANS AND PAYMENTS WITH RESPECT THERETO 

 

													
	 Date
	  	 Type of Loan Made
	  	 Amount and
Currency of
Loan Made
	  	 End of
Interest
Period
	  	 Amount of
Principal or
Interest Paid
This
Date
	  	 Outstanding
Principal
Balance
This Date
	  	 Notation
Made By

  
 B-11-3 

 EXHIBIT B-12 

FORM OF SPANISH SWINGLINE NOTE 

New York, New York 
 _____________,
____ 
 FOR VALUE RECEIVED, MATTEL ESPAÑA, S.A., a corporation formed under the laws of Spain, and each other Spanish Subsidiary of
Mattel, Inc., a Delaware corporation signatory hereto (collectively, the “Spanish Borrowers”), hereby jointly and severally promise to pay to
[                    ] (the “Lender”), in immediately available funds, at the Payment Office on or before the Maturity Date for
Spanish Swingline Loans the principal amount of each Spanish Swingline Loan from time to time made by the Lender to such Spanish Borrowers under that certain Syndicated Facility Agreement, dated as of December 20, 2017, among Mattel, Inc., each
of the other Borrowers and Guarantors party thereto from time to time, the Lenders party thereto from time to time, Bank of America, N.A., as Global Administrative Agent, Collateral Agent and Australian Security Trustee, and the other parties
thereto (as amended, restated, modified and/or supplemented from time to time, the “Syndicated Facility Agreement”), payable at such times and in such amounts as are specified in the Syndicated Facility Agreement. Capitalized terms
used but not defined herein shall have the meanings assigned thereto in the Syndicated Facility Agreement. 
 The Spanish Borrowers promise
also to pay interest on the unpaid principal amount of each Spanish Swingline Loan made by the Lender in the currency set forth in the Syndicated Facility Agreement at the Payment Office from the date hereof until paid at the rates and at the times
provided in Section 2.06 of the Syndicated Facility Agreement. 
 This Note is one of the Spanish Swingline Notes
referred to in the Syndicated Facility Agreement and is entitled to the benefits thereof and of the other Credit Documents. This Note is secured by certain of the Collateral and is entitled to the applicable benefits of the applicable Foreign Credit
Party Guarantee with respect to the Obligations upon the terms and subject to the limitations set forth in the applicable Foreign Credit Party Guarantee. As provided in the Syndicated Facility Agreement, this Note is subject to optional prepayment
and mandatory repayment prior to the Maturity Date, in whole or in part. This Note may only be transferred to the extent and in the manner set forth in the Syndicated Facility Agreement. The Lender may also attach schedules to this Note and endorse
thereon the date and amount of its Spanish Swingline Loans and payments with respect thereto. 
 In case an Event of Default shall occur and
be continuing, the principal of and accrued interest on this Note may be declared to be due and payable in the manner and with the effect provided in the Syndicated Facility Agreement. 

The Spanish Borrowers hereby waive presentment, demand, protest or notice of any kind in connection with this Note. 

[Signature Page Follows] 

  
 B-12-2 

 THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW
YORK. 
  

			
	MATTEL ESPAÑA, S.A.
		
	By:	 	  

		 	Name:
		 	Title:
	
	[LIST ADDITIONAL SPANISH BORROWERS] 
		
	By:	 	  

		 	Name:
		 	Title:

  
 B-12-2 

 LOANS AND PAYMENTS WITH RESPECT THERETO 

 

													
	 Date
	  	 Type of Loan Made
	  	 Amount and
Currency of
Loan Made
	  	 End of
Interest
Period
	  	 Amount of
Principal or
Interest Paid
This
Date
	  	 Outstanding
Principal
Balance
This Date
	  	 Notation
Made By

  
 B-12-3 

 EXHIBIT B-13 

FORM OF REVOLVING B NOTE 

New York, New York 

                       
   ,          
 FOR VALUE RECEIVED, MATTEL, INC., a Delaware corporation,
and each other borrower signatory hereto (collectively, the “U.S. Borrowers”), hereby jointly and severally promise to pay to
[                    ] (the “Lender”), in immediately available funds, at the Payment Office on or before the Maturity Date for
Revolving B Loans the principal amount of each Revolving B Loan from time to time made by the Lender to such U.S. Borrowers under that certain Syndicated Facility Agreement, dated as of December 20, 2017, among Mattel, Inc., each of the other
Borrowers and Guarantors party thereto from time to time, the Lenders party thereto from time to time, Bank of America, N.A., as Global Administrative Agent, Collateral Agent and Australian Security Trustee, and the other parties thereto (as
amended, restated, modified and/or supplemented from time to time, the “Syndicated Facility Agreement”), payable at such times and in such amounts as are specified in the Syndicated Facility Agreement. Capitalized terms used but not
defined herein shall have the meanings assigned thereto in the Syndicated Facility Agreement. 
 The U.S. Borrowers promise also to pay
interest on the unpaid principal amount of each Revolving B Loan made by the Lender in the currency set forth in the Syndicated Facility Agreement at the Payment Office from the date hereof until paid at the rates and at the times provided in
Section 2.06 of the Syndicated Facility Agreement. 
 This Note is one of the Revolving B Notes referred to in the
Syndicated Facility Agreement and is entitled to the benefits thereof and of the other Credit Documents. This Note is secured by certain of the Collateral and is entitled to the applicable benefits of the U.S. Credit Party Guarantee with respect to
the Obligations upon the terms and subject to the limitations set forth in the U.S. Credit Party Guarantee. As provided in the Syndicated Facility Agreement, this Note is subject to optional prepayment and mandatory repayment prior to the Maturity
Date, in whole or in part, and Revolving B Loans may be converted from one Type into another Type to the extent provided in the Syndicated Facility Agreement. This Note may only be transferred to the extent and in the manner set forth in the
Syndicated Facility Agreement. The Lender may also attach schedules to this Note and endorse thereon the date and amount of its Revolving B Loans and payments with respect thereto. 

In case an Event of Default shall occur and be continuing, the principal of and accrued interest on this Note may be declared to be due and
payable in the manner and with the effect provided in the Syndicated Facility Agreement. 
 The U.S. Borrowers hereby waive presentment,
demand, protest or notice of any kind in connection with this Note. 
 [Signature Page Follows] 

  
 B-13-1 

 THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW
YORK. 
  

			
	MATTEL, INC. 
		
	By:	 	  

		 	Name:
		 	Title:
	
	MATTEL SALES CORP. 
		
	By:	 	  

		 	Name:
		 	Title:
	
	MATTEL DIRECT IMPORT, INC. 
		
	By:	 	  

		 	Name:
		 	Title:
	
	FISHER-PRICE, INC.
		
	By:	 	  

		 	Name:
		 	Title:
	
	AMERICAN GIRL BRANDS, LLC 
		
	By:	 	  

		 	Name:
		 	Title:
	
	AMERICAN GIRL RETAIL, INC. 
		
	By:	 	  

		 	Name:
		 	Title:
	
	AMERICAN GIRL PUBLISHING, INC. 
		
	By:	 	  

		 	Name:
		 	Title:
	
	MATTEL REALTY CORPORATION 
		
	By:	 	  

		 	Name:
		 	Title:

  
 B-13-2 

 LOANS AND PAYMENTS WITH RESPECT THERETO 

 

													
	 Date
	  	 Type of Loan Made
	  	 Amount and

Currency of
 Loan Made
	  	 End of

Interest
 Period
	  	 Amount of
Principal or
Interest Paid

This Date
	  	 Outstanding
Principal

Balance This
Date
	  	 Notation

Made By

  
 B-13-3 

 EXHIBIT C-1 

FORM OF U.S. TAX COMPLIANCE CERTIFICATE 

(For Foreign Lenders That Are Not Partnerships (Or Disregarded Entities) For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the Syndicated Facility Agreement, dated as of December 20, 2017 (as amended, restated, modified and/or
supplemented from time to time, the “Syndicated Facility Agreement”), among Mattel, Inc. (the “Company”), each of the other Borrowers and Guarantors party thereto from time to time, the Lenders party thereto from
time to time, Bank of America, N.A., as Global Administrative Agent, Collateral Agent and Australian Security Trustee, and the other parties thereto. Capitalized terms used but not otherwise defined herein shall have the meanings assigned to them in
the Syndicated Facility Agreement. 
 Pursuant to the provisions of Section 4.01(c) of the Syndicated Facility
Agreement, the undersigned hereby certifies that (i) it is the sole record and beneficial owner of the Loan(s) (as well as any Note(s) evidencing such Loan(s)) in respect of which it is providing this certificate, (ii) it is not a bank
within the meaning of Section 881(c)(3)(A) of the Code, (iii) it is not a ten percent shareholder of any of the U.S. Credit Parties within the meaning of Section 871(h)(3)(B) of the Code, (iv) it is not a controlled foreign
corporation related to any of the U.S. Credit Parties as described in Section 881(c)(3)(C) of the Code, and (v) no payments in connection with any Credit Document are effectively connected with the undersigned’s conduct of a U.S.
trade or business. 
 The undersigned has furnished the Administrative Agent and the Company with a certificate of its non-U.S. person status on Internal Revenue Service Form W-8BEN or W-8BEN-E. By executing this
certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform the Company and the Administrative Agent in writing, and (2) the undersigned shall have at all
times furnished the Company and the Administrative Agent with a properly completed and currently effective certificate in either the calendar year in which payment is to be made to the undersigned, or in either of the two calendar years preceding
such payment. 
  

					
	[NAME OF LENDER]
		
	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

Date:                    ,
20[    ] 

  
 C-1-1 

 EXHIBIT C-2 

FORM OF U.S. TAX COMPLIANCE CERTIFICATE 

(For Foreign Participants That Are Not Partnerships (Or Disregarded Entities) For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the Syndicated Facility Agreement, dated as of December 20, 2017 (as amended, restated, modified and/or
supplemented from time to time, the “Syndicated Facility Agreement”), among Mattel, Inc. (the “Company”), each of the other Borrowers and Guarantors party thereto from time to time, the Lenders party thereto from
time to time, Bank of America, N.A., as Global Administrative Agent, Collateral Agent and Australian Security Trustee, and the other parties thereto. Capitalized terms used but not otherwise defined herein shall have the meanings assigned to them in
the Syndicated Facility Agreement. 
 Pursuant to the provisions of Section 4.01(c) of the Syndicated Facility
Agreement, the undersigned hereby certifies that (i) it is the sole record and beneficial owner of the participation in respect of which it is providing this certificate, (ii) it is not a bank within the meaning of
Section 881(c)(3)(A) of the Code, (iii) it is not a ten percent shareholder of any of the U.S. Credit Parties within the meaning of Section 871(h)(3)(B) of the Code, (iv) it is not a controlled foreign corporation related to any
of the U.S. Credit Parties as described in Section 881(c)(3)(C) of the Code, and (v) no payments in connection with any Credit Document are effectively connected with the undersigned’s conduct of a U.S. trade or business. 

The undersigned has furnished its participating Lender with a certificate of its non-U.S. person
status on Internal Revenue Service Form W-8BEN or W-8BEN-E. By executing this certificate, the undersigned agrees that
(1) if the information provided on this certificate changes, the undersigned shall promptly so inform such Lender in writing, and (2) the undersigned shall have at all times furnished such Lender with a properly completed and currently
effective certificate in either the calendar year in which payment is to be made to the undersigned, or in either of the two calendar years preceding such payment. 

 

					
	[NAME OF PARTICIPANT]
		
	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

Date:                    ,
20[    ] 

  
 C-2-1 

 EXHIBIT C-3 

FORM OF U.S. TAX COMPLIANCE CERTIFICATE 

(For Foreign Participants That Are Partnerships (Or Disregarded Entities) For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the Syndicated Facility Agreement, dated as of December 20, 2017 (as amended, restated, modified and/or
supplemented from time to time, the “Syndicated Facility Agreement”), among Mattel, Inc. (the “Company”), each of the other Borrowers and Guarantors party thereto from time to time, the Lenders party thereto from
time to time, Bank of America, N.A., as Global Administrative Agent, Collateral Agent and Australian Security Trustee, and the other parties thereto. Capitalized terms used but not otherwise defined herein shall have the meanings assigned to them in
the Syndicated Facility Agreement. 
 Pursuant to the provisions of Section 4.01(c) of the Syndicated Facility
Agreement, the undersigned hereby certifies that (i) it is the sole record owner of the participation in respect of which it is providing this certificate, (ii) its direct or indirect partners/members are the sole beneficial owners of such
participation, (iii) neither the undersigned nor any of its direct or indirect partners/members claiming the portfolio interest exemption (the “applicable partners/members”) is a bank within the meaning of Section 881(c)(3)(A) of
the Code, (iv) none of the applicable partners/members is a ten percent shareholder of any of the U.S. Credit Parties within the meaning of Section 871(h)(3)(B) of the Code, (v) none of the applicable partners/members is a controlled
foreign corporation related to any of the U.S. Credit Parties as described in Section 881(c)(3)(C) of the Code, and (vi) no payments in connection with any Credit Document are effectively connected with the undersigned’s or the
partners/members’ conduct of a U.S. trade or business. 
 The undersigned has furnished its participating Lender with Internal Revenue
Service Form W-8IMY accompanied by one of the following forms from each of the applicable partners/members: (i) an Internal Revenue Service Form W-8BEN or W-8BEN-E or (ii) an Internal Revenue Service Form W-8IMY accompanied by an Internal Revenue Service Form W-8BEN or W-8BEN-E from each of the applicable partners/members. By executing this certificate, the undersigned agrees that (1) if
the information provided on this certificate changes, the undersigned shall promptly so inform such Lender in writing and (2) the undersigned shall have at all times furnished such Lender with a properly completed and currently effective
certificate in either the calendar year in which payment is to be made to the undersigned, or in either of the two calendar years preceding such payment. 
  

					
	[NAME OF PARTICIPANT]
		
	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

Date:                    ,
20[    ] 

  
 C-3-1 

 EXHIBIT C-4 

FORM OF U.S. TAX COMPLIANCE CERTIFICATE 

(For Foreign Lenders That Are Partnerships (Or Disregarded Entities) For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the Syndicated Facility Agreement, dated as of December 20, 2017 (as amended, restated, modified and/or
supplemented from time to time, the “Syndicated Facility Agreement”), among Mattel, Inc. (the “Company”), each of the other Borrowers and Guarantors party thereto from time to time, the Lenders party thereto from
time to time, Bank of America, N.A., as Global Administrative Agent, Collateral Agent and Australian Security Trustee, and the other parties thereto. Capitalized terms used but not otherwise defined herein shall have the meanings assigned to them in
the Syndicated Facility Agreement. 
 Pursuant to the provisions of Section 4.01(c) of the Syndicated Facility
Agreement, the undersigned hereby certifies that (i) it is the sole record owner of the Loan(s) (as well as any Note(s) evidencing such Loan(s)) in respect of which it is providing this certificate, (ii) its direct or indirect
partners/members are the sole beneficial owners of such Loan(s) (as well as any Note(s) evidencing such Loan(s)), (iii) neither the undersigned nor any of its direct or indirect partners/members claiming the portfolio interest exemption (the
“applicable partners/members”) is a bank within the meaning of Section 881(c)(3)(A) of the Code, (iv) none of the applicable partners/members is a ten percent shareholder of any of the U.S. Credit Parties within the meaning of
Section 871(h)(3)(B) of the Code, (v) none of the applicable partners/members is a controlled foreign corporation related to any of the U.S. Credit Parties as described in Section 881(c) (3)(C) of the Code, and (vi) no payments
in connection with any Credit Document are effectively connected with the undersigned’s or the partners/members’ conduct of a U.S. trade or business. 

The undersigned has furnished the Administrative Agent and the Company with Internal Revenue Service Form
W-8IMY accompanied by one of the following forms from each of the applicable partners/members: (i) an Internal Revenue Service Form W-8BEN or W-8BEN-E or (ii) an Internal Revenue Service Form W-8IMY accompanied by an Internal Revenue Service Form W-8BEN or W-8BEN-E from each of the applicable partners/members. By executing this certificate, the undersigned agrees that (1) if
the information provided on this certificate changes, the undersigned shall promptly so inform the Company and the Administrative Agent in writing, and (2) the undersigned shall have at all times furnished the Company and the Administrative
Agent with a properly completed and currently effective certificate in either the calendar year in which payment is to be made to the undersigned, or in either of the two calendar years preceding such payment. 

 

					
	[NAME OF LENDER]
		
	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

Date:                    ,
20[    ] 

  
 C-4-1 

 EXHIBIT D 

FORM OF BORROWING BASE CERTIFICATE 

[                    ],
20[    ] 
 Pursuant to Section 8.20(a) of the Syndicated Facility Agreement, dated as
of December 20, 2017 (as amended, restated, modified and/or supplemented from time to time, the “Syndicated Facility Agreement,” the terms defined therein being used herein as therein defined), among Mattel, Inc. (the
“Company”), each of the other Borrowers and Guarantors party thereto from time to time, the Lenders party thereto from time to time, Bank of America, N.A., as Global Administrative Agent, Collateral Agent and Australian Security
Trustee, and the other parties thereto, the undersigned [Chief Financial Officer]1 of the Company hereby certifies, on behalf of the Company, and not in his personal capacity, that: 

The Borrowing Base Certificate referred to in Section 8.20(a) of the Syndicated Facility Agreement, which is
attached hereto as Annex 1, is complete and correct in all material respects. 
 [signature on following page] 

 
  

	1 	May be any Responsible Officer other than any secretary or assistant secretary of the Company. 

  
 D-1 

 
					
	 MATTEL, INC.,
 as the
Company

		
	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

  
 D-2 

 Annex 1 

[See attached]. 

  
 D-3 

 EXHIBIT E 

FORM OF JOINDER AGREEMENT 

[                    ],
20     
 This Joinder Agreement (this “Joinder Agreement”) is entered into as of the date
hereof by each of the undersigned Subsidiaries (each, a “New Guarantor”) and Bank of America, N.A., in its capacity as Global Administrative Agent under that certain Syndicated Facility Agreement, dated as of December 20, 2017
(as amended, restated, modified and/or supplemented from time to time, the “Syndicated Facility Agreement”), among Mattel, Inc. (the “Company”), each of the other Borrowers and Guarantors party thereto from time to
time, the Lenders party thereto from time to time, Bank of America, N.A., as Global Administrative Agent, Collateral Agent and Australian Security Trustee, and the other parties thereto. Capitalized terms used but not otherwise defined herein shall
have the meanings assigned to them in the Syndicated Facility Agreement. 
 W I T N E S S E T H: 

WHEREAS, pursuant to Section 8.15(b) of the Syndicated Facility Agreement, any Person that is or designated as a
Credit Party pursuant to Section 8.19(c)(i) of the Syndicated Facility Agreement or that is required to become a Credit Party pursuant to Section 8.19(c)(ii) of the Syndicated Facility Agreement is
required to join as a Guarantor under the Syndicated Facility Agreement by executing a joinder agreement; and 
 WHEREAS, pursuant to such
requirement, each New Guarantor is executing this Joinder Agreement. 
 NOW, THEREFORE, the Administrative Agent and the New Guarantors
hereby agree as follows: 
 1. Guarantor. In accordance with Section 8.15(b)(i) of the Syndicated Facility
Agreement, each New Guarantor, by its signature below, becomes a Guarantor under the Syndicated Facility Agreement and the [U.S. Credit Party Guarantee] [Foreign Credit Party Guarantee] with the same force and effect as if originally named therein
as a Guarantor. Without limiting the foregoing, in order to induce [the Administrative Agent, the Collateral Agent, the Australian Security Trustee and the Lenders to extend credit under the Syndicated Facility Agreement, and to induce the other
Guaranteed Creditors to enter into Secured Bank Product Obligations] [the applicable Foreign Guaranteed Creditors to extend credit under the Syndicated Facility Agreement, and to induce the other Foreign Guaranteed Creditors to enter into Secured
Bank Product Obligations] in recognition of the direct benefits to be received by each [U.S. Credit Party] [Foreign Credit Party] from the proceeds of the applicable Revolving Loans and the entering into of such Secured Bank Product Obligations,
each New Guarantor hereby agrees with the [Guaranteed Creditors] [Foreign Guaranteed Creditors] as follows: until the [Payment in Full Date] [Foreign Payment in Full Date], each New Guarantor hereby unconditionally and irrevocably guarantees (other
than its own [Obligations] [Foreign Obligations]) as primary obligor and not merely as surety the full and prompt payment when due, whether upon maturity, acceleration or otherwise, of any and all of its [Obligations] [Foreign Obligations] to the
[Guaranteed Creditors] [Foreign Guaranteed Creditors]. 
 2. Representations and Warranties. Each New Guarantor hereby agrees to all
the terms and provisions of the Syndicated Facility Agreement applicable to it as a Guarantor thereunder. Each reference to a Guarantor in the Syndicated Facility Agreement shall be deemed to include each New Guarantor. The New Guarantors hereby
attach supplements to the schedules to the Syndicated Facility Agreement applicable to the New Guarantors. 

  
 E-1 

 3. Severability. If any provision of this Joinder Agreement is held to be illegal, invalid
or unenforceable, (a) the legality, validity and enforceability of the remaining provisions of this Joinder Agreement shall not be affected or impaired thereby and (b) the parties shall endeavor in good faith negotiations to replace the
illegal, invalid or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the illegal, invalid or unenforceable provisions. The invalidity of a provision in a particular jurisdiction shall
not invalidate or render unenforceable such provision in any other jurisdiction. 
 4. Counterparts. This Joinder Agreement may be
executed in any number of counterparts and by the different parties hereto on separate counterparts (including by facsimile or other electronic transmission (i.e., a “pdf’ or “tif’), each of which when so executed and delivered
shall be an original, but all of which shall together constitute one and the same instrument. A set of counterparts executed by all the parties hereto shall be lodged with the Company and the Administrative Agent. 

5. No Waiver. Except as expressly supplemented hereby, the Syndicated Facility Agreement shall remain in full force and effect. 

6. Notices. All notices, requests and demands to or upon any New Guarantor, any Agent or any Lender shall be governed by the terms of
Section 12.03 of the Syndicated Facility Agreement. 
 7. Governing Law. THIS JOINDER AGREEMENT SHALL BE
GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
 [Signature Pages Follow] 

  
 E-2 

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

					
	
[                    ],

as a New Guarantor

		
	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

	
	 Address for Notices:

[                    ]

  
 E-3 

 
					
	BANK OF AMERICA, N.A., as Global Administrative Agent
		
	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

  
 E-4 

 [ATTACH APPLICABLE SCHEDULES TO SYNDICATED FACILITY AGREEMENT] 

  
 E-5 

 EXHIBIT F 

FORM OF SOLVENCY CERTIFICATE 

[•] [•], 20[•] 
 To the Global
Administrative Agent and each of the Lenders 
 party to the Syndicated Facility Agreement referred to below: 

This Certificate is furnished to the Global Administrative Agent and the Lenders pursuant to Section 5.05 of the
Syndicated Facility Agreement, of even date herewith (as amended, restated, modified and/or supplemented from time to time, the “Syndicated Facility Agreement”), among the Company, each of the other Borrowers and Guarantors party
thereto from time to time, the Lenders party thereto from time to time, Bank of America, N.A., as Global Administrative Agent, Collateral Agent and Australian Security Trustee, and the other parties thereto. Unless otherwise defined herein,
capitalized terms used in this Certificate shall have the meanings set forth in the Syndicated Facility Agreement. 
 I, the undersigned,
the [chief financial officer][treasurer][controller] of Mattel, Inc., a Delaware corporation (the “Company”), in that capacity only and not in my individual capacity (and without personal liability), do hereby certify
as of the date hereof, and based upon facts and circumstances as they exist as of the date hereof (and disclaiming any responsibility for changes in such fact and circumstances after the date hereof), that: 

1. For purposes of this Certificate, I, or officers of the Company under my direction and supervision, have performed the following procedures
as of and for the periods set forth below. 
  

	 	(a)	I have reviewed the financial statements referred to in Section 7.05 of the Syndicated Facility Agreement. 

 

	 	(b)	I have knowledge of and have reviewed to my satisfaction the Syndicated Facility Agreement. 

  

	 	(c)	As [Chief Financial Officer] [Treasurer] [Controller] of the Company, I am familiar with the financial condition of the Company and its Subsidiaries. 

2. Based on and subject to the foregoing, I hereby certify on behalf of the Company that, after giving effect to the consummation of the
Transaction (including the incurrence of all Loans on the Initial Closing Date), it is my opinion that (i) each of the Fair Value and the Present Fair Saleable Value of the assets of the Company and its Subsidiaries taken as a whole exceed
their Stated Liabilities and Identified Contingent Liabilities; (ii) the Company and its Subsidiaries taken as a whole do not have Unreasonably Small Capital; and (iii) the Company and its Subsidiaries taken as a whole can pay their Stated
Liabilities and Identified Contingent Liabilities as they mature. As used in this Section 2, the following terms shall have the meanings set forth below: 

“Fair Value” means the amount at which the assets (both tangible and intangible), in their entirety, of the Company and its
Subsidiaries taken as a whole would change hands between a willing buyer and a willing seller, within a commercially reasonable period of time, each having reasonable knowledge of the relevant facts, with neither being under any compulsion to act.

 “Present Fair Saleable Value” means the amount that could be obtained by an independent willing seller from an
independent willing buyer if the assets (both tangible and intangible) of the Company and its Subsidiaries taken as a whole are sold on a going-concern basis with reasonable promptness in an arm’s- length transaction under present conditions
for the sale of comparable business enterprises insofar as such conditions can be reasonably evaluated. 

  
 F-1 

 “Identified Contingent Liabilities” means the maximum estimated amount of
liabilities reasonably likely to result from pending litigation, asserted claims and assessments, guaranties, uninsured risks and other contingent liabilities of the Company and its Subsidiaries taken as a whole after giving effect to the
Transaction (including the execution and delivery of the Syndicated Facility Agreement, the making of the Loans and the use of proceeds of such Loans on the Initial Closing Date) (including all fees and expenses related thereto but exclusive of such
contingent liabilities to the extent reflected in Stated Liabilities), as identified and explained in terms of their nature and estimated magnitude by responsible officers of the Company. 

“Stated Liabilities” means the recorded liabilities (including contingent liabilities that would be recorded in accordance
with GAAP) of the Company and its Subsidiaries taken as a whole, as of the Initial Closing Date after giving effect to the consummation of the Transaction (including the execution and delivery of the Syndicated Facility Agreement, the making of the
Loans on the Initial Closing Date and the use of proceeds of such Loans), determined in accordance with GAAP consistently applied. 

“Unreasonably Small Capital” the Company and its Subsidiaries taken as a whole after giving effect to the Transaction
(including the execution and delivery of the Syndicated Facility Agreement, the making of the Loans on the Initial Closing Date and the use of proceeds of such Loans) do not have sufficient capital to ensure that it can continue to operate as a
going concern in the business it currently operates or anticipates operating as of the date hereof. 
 * * * 

[Signature Page Follows] 

  
 F-2 

 IN WITNESS WHEREOF, the Company has caused this certificate to be executed on its behalf by its
Chief Financial Officer as of the day and year first above written. 
  

					
	MATTEL, INC.
		
	By:	 	  

		 	Name:	 	  

		 	Title:	 	[Chief Financial Officer]
		 	[Treasurer][Controller]

  
 F-3 

 EXHIBIT G 

FORM OF COMPLIANCE CERTIFICATE1 

This Compliance Certificate is delivered to you pursuant to Section 8.01(e) of the Syndicated Facility Agreement,
dated as of December 20, 2017 (as amended, restated, modified and/or supplemented from time to time, the “Syndicated Facility Agreement”), among Mattel, Inc. (the “Company”), each of the other Borrowers and
Guarantors party thereto from time to time, the Lenders party thereto from time to time, Bank of America, N.A., as Global Administrative Agent, Collateral Agent and Australian Security Trustee, and the other parties thereto. Terms defined in the
Syndicated Facility Agreement and not otherwise defined herein are used herein as therein defined. 
 1. I am the duly elected, qualified and
acting [Chief Financial Officer]2 of the Company. 
 2. I have reviewed and am familiar
with the contents of this Compliance Certificate. I am providing this Compliance Certificate solely in my capacity as the [Chief Financial Officer] of the Company and not in my individual capacity (and without personal liability). The matters set
forth herein are true to my knowledge after due inquiry. 
 3. I have reviewed the terms of the Syndicated Facility Agreement and the other
Credit Documents and have made or caused to be made under my supervision a review in reasonable detail of the transactions and condition of the Company and its Subsidiaries during the accounting period covered by the financial statements attached
hereto as ANNEX 1 (the “Financial Statements”). Based on such review, (i) no Default or Event of Default has occurred and is continuing[, except as set forth below specifying the nature and extent thereof], (ii) the
Company and its Restricted Subsidiaries are in compliance with any instrument or agreement evidencing, securing or relating to any Indebtedness (other than the Obligations) of the Company or any Restricted Subsidiary in a principal amount at least
equal to the Threshold Amount, including, for the avoidance of doubt, the Senior Unsecured Note Documents and (iii) a Financial Covenant Triggering Event [has/has not] occurred. 

4. Attached hereto as ANNEX 2 is the reasonably detailed calculation with respect to the Consolidated Fixed Charge Coverage Ratio. 

5. Attached hereto as ANNEX 3 is the reasonably detailed calculation with respect to the Consolidated Net Leverage Ratio. 

6. Attached hereto as ANNEX 4 is a list of all (a) Restricted Subsidiaries of the Company specifying whether each such Subsidiary
is a “Material Subsidiary” or an “Immaterial Subsidiary” for purposes of the Syndicated Facility Agreement and (b) Restricted Non-Credit Party Subsidiaries. 

[7. Attached hereto as ANNEX 5 is the information required by Section 8.01(c) of the Syndicated Facility
Agreement as of the date of this Compliance Certificate.]3 
 [8. I have reviewed and
am familiar with the contents of that certain filing on Form 8-K dated [            ] [    ],
[        ], and hereby certify that each Specified Transaction described in such filing was made in compliance with the Payment Conditions.]4 

 
  

	1	To be conformed to final version of Syndicated Facility Agreement 

	2 	May be any Responsible Officer. 

	3 	Per Section 8.01(c) of the Syndicated Facility Agreement, to be included at the time of delivery of the annual financials. 

	4 	To be included in the case of each Specified Transaction made during the applicable accounting period with respect to which a Form 8-K is filed. 

  
 G-1 

 [9. I have reviewed and am familiar with the contents of that certain filing on Form 8-K dated [            ] [    ], [        ], and hereby provide notice of the litigation,
governmental investigation, or proceeding (or any adverse determination thereof) described in such filing, as required to be disclosed pursuant to Section 8.01(f)(ii) of the Syndicated Facility Agreement.]5 
 *    *    * 

 
  

	5 	To be included in the case of any litigation, governmental investigation, or proceeding (or adverse determination thereof) required to be disclosed pursuant to Section 8.01(f)(ii) of the Syndicated Facility Agreement.

  
 G-2 

 IN WITNESS WHEREOF, I have executed this Compliance Certificate this
[      ]th day of [                    ], 20[        ]. 

 

					
	MATTEL, INC.
		
	By:	 	  

		 	Name:	 	  

		 	Title:	 	[Chief Financial Officer]

  
 G-3 

 Exhibit G 

ANNEX 1 
 Financial
Statements to be Attached 

  
 G-4 

 Exhibit G 

ANNEX 2 
 Consolidated Fixed
Charge Coverage Ratio 

  
 G-5 

 Exhibit G 

ANNEX 3 
 Consolidated Net
Leverage Ratio 

  
 G-6 

 Exhibit G 

ANNEX 4 
 [List of all
Restricted Subsidiaries of the Company] 

  
 G-7 

 Exhibit G 

[ANNEX 5]6 

[It is hereby certified that there have been no changes to the Perfection Certificate since [the Initial Closing Date] [the date of the
Compliance Certificate dated [        ]]7 that are required to be reported to the Collateral Agent pursuant to the Collateral and Guarantee
Requirement[,except as specifically set forth below]: 

[                     

                     

                    ] 

[All actions required to be taken by the Company and the other Credit Parties pursuant to the Collateral and Guarantee Requirement in
connection with the changes described above [have] [have not] been taken].8] 
  

 

	6 	Per Section 8.01(c) of the Syndicated Facility Agreement, to be included at the time of delivery of the annual financials. 

	7 	Select if changes to the Perfection Certificate were reported in a previous Compliance Certificate and reference the most recent Compliance Certificate in which such changes were reported. 

	8 	The bracketed language must be inserted if there have been any changes to the information, as contemplated by Section 8.01(c) of the Syndicated Facility Agreement. 

  
 G-8 

 EXHIBIT H 

FORM OF ASSIGNMENT AND ASSUMPTION 

Reference is made to the Syndicated Facility Agreement, dated as of December 20, 2017 (as amended, restated, modified and/or supplemented
from time to time, the “Syndicated Facility Agreement”), among Mattel, Inc. (the “Company”), each of the other Borrowers and Guarantors party thereto from time to time, the Lenders party thereto from time to time,
Bank of America, N.A., as Global Administrative Agent, Collateral Agent and Australian Security Trustee, and the other parties thereto. Terms are used herein as defined in the Syndicated Facility Agreement. 

                       
          (“Assignor”)
and                                 (“Assignee”) agree as follows: 

1. Assignor hereby irrevocably sells and assigns to Assignee and Assignee hereby purchases and assumes from Assignor [(a) the amount of
$                     of Assignor’s U.S. Revolving A Commitment (which represents     % of the total U.S. Revolving A
Commitments),] [(a) the amount of $                     of Assignor’s Revolving B Commitment (which represents     % of the
total Revolving B Commitments),] [(b) the amount of $                     of Assignor’s Canadian Revolving Commitment (which represents
    % of the total Canadian Revolving Commitments),] [(c) the amount of $                     of Assignor’s French Revolving
Commitment (which represents     % of the total French Revolving Commitments),] [(d) the amount of $                     of
Assignor’s Spanish Revolving Commitment (which represents     % of the total Spanish Revolving Commitments),] [(e) the amount of
$                     of Assignor’s European (GNU) Revolving Commitment (which represents     % of the total European (GNU)
Revolving Commitments),] [(f) the amount of $                     of Assignor’s Australian Revolving Commitment (which represents
    % of the total Australian Revolving Commitments),] [including a like percentage of such Assignor’s applicable Loans and participations in LC Obligations and Swingline Loans] (the foregoing items being, collectively,
“Assigned Interest”), together with an interest in the Credit Documents corresponding to the Assigned Interest. This Agreement shall be effective as of the date (“Effective Date”) indicated in the corresponding
Assignment Notice delivered to the Administrative Agent, provided such Assignment Notice is executed by Assignor, Assignee, the Administrative Agent, [the applicable Swingline Lender, the applicable Issuing Bank] and the Company, if applicable. From
and after the Effective Date, Assignee hereby expressly assumes, and undertakes to perform, all of Assignor’s obligations in respect of the Assigned Interest, and all principal, interest, fees and other amounts which would otherwise be payable
to or for Assignor’s account in respect of the Assigned Interest shall be payable to or for Assignee’s account, to the extent such amounts accrue on or after the Effective Date. 

2. Assignor (a) represents that as of the date hereof, prior to giving effect to this assignment, [its U.S. Revolving A Commitment is
$                    ,] [its Revolving B Commitment is
$                    ,] [its Canadian Revolving Commitment is
$                    ,] [its French Revolving Commitment is
$                    ,] [its Spanish Revolving Commitment is
$                    ,] [its European (GNU) Revolving Commitment is
$                    ,] [its Australian Revolving Commitment is
$                    ,]; (b) makes no representation or warranty and assumes no responsibility with respect to any statements, warranties or
representations made in or in connection with the Syndicated Facility Agreement or the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Syndicated Facility Agreement or any other instrument or document
furnished pursuant thereto, other than that Assignor is the legal and beneficial owner of the interest being assigned by it hereunder and that such interest is free and clear of any adverse claim; and (c) makes no representation or warranty and
assumes no responsibility with respect to the financial condition of Borrowers or the performance by Borrowers of their obligations under the Credit Documents. [Assignor is attaching the promissory note[s] held by it and requests that
Administrative Agent exchange such note[s] for new promissory notes payable to Assignee [and Assignor].] 

  
 H-1 

 3. Assignee (a) represents and warrants that it is legally authorized to enter into this
Assignment; (b) confirms that it has received copies of the Syndicated Facility Agreement, the Lender Loss Sharing Agreement and such other Credit Documents and information as it has deemed appropriate to make its own credit analysis and
decision to enter into this Assignment; (c) agrees that it shall, independently and without reliance upon Assignor and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions
in taking or not taking action under the Credit Documents; (d) confirms that it is an Eligible Assignee; (e) appoints and authorizes the Administrative Agent, the Collateral Agent and Australian Security Trustee to take such action as
agent or trustee on its behalf and to exercise such powers under the Syndicated Facility Agreement and the other Credit Documents as are delegated to the Administrative Agent, the Collateral Agent and Australian Security Trustee by the terms
thereof, together with such powers as are incidental thereto; (f) agrees that it will observe and perform all obligations that are required to be performed by it as a “Lender” under the Credit Documents; (g) agrees that it will
become a party to the Lender Loss Sharing Agreement and (h) represents and warrants that the assignment evidenced hereby will not result in a non-exempt “prohibited transaction” under
Section 406 of ERISA. 
 4. [The Assignee confirms, for the benefit of the Administrative Agent and the UK Borrowers, that it is: 

 

	 	(a)	[not a Qualifying Lender;] 

  

	 	(b)	[a Qualifying Lender (other than a U.K. Treaty Lender); or] 

  

	 	(c)	[a U.K. Treaty Lender.] 

 5. [The Assignee confirms that the person beneficially entitled to
interest payable to that Lender in respect of an advance under a Credit Document is either: 
  

	 	(a)	a company resident in the United Kingdom for United Kingdom tax purposes; 

  

	 	(b)	a partnership each member of which is: 

 (i) a company so resident in the United Kingdom; or

 (ii) a company not so resident in the United Kingdom which carries on a trade in the United Kingdom through a permanent establishment and
which brings into account in computing its chargeable profits (within the meaning of section 19 of the CTA) the whole of any share of interest payable in respect of that advance that falls to it by reason of Part 17 of the CTA; or 

(c) a company not so resident in the United Kingdom which carries on a trade in the United Kingdom through a permanent establishment and which
brings into account interest payable in respect of that advance in computing the chargeable profits (within the meaning of section 19 of the CTA) of that company.] 

6. [The Assignee confirms that it holds a passport under the HMRC DT Treaty Passport scheme (reference number [ ]) and is tax resident in [ ] ,
so that interest payable to it by borrowers is generally subject to full exemption from UK withholding tax, and requests that the Company notify: 

  
 H-2 

 (a) each UK Borrower which is a Party as a UK Borrower as at the Transfer Date; and 

(b) each UK Borrower which becomes an UK Borrower after the Transfer Date, 

that it wishes that scheme to apply to the Agreement.] 

7. This Agreement shall be governed by, and construed in accordance with, the laws of the State of New York. If any provision is found to be
invalid under applicable law, it shall be ineffective only to the extent of such invalidity and the remaining provisions of this Agreement shall remain in full force and effect. 

8. Each notice or other communication hereunder shall be in writing, shall be sent by messenger, by telecopy or facsimile transmission, or by
first-class mail, shall be deemed given when sent and shall be sent as follows: 
  

	 	(a)	If to Assignee, to the following address (or to such other address as Assignee may designate from time to time): 

  

                       
                                         

                       
                                         

                       
                                         

  

	 	(b)	If to Assignor, to the following address (or to such other address as Assignor may designate from time to time): 

  

                       
                                         

                       
                                         

                       
                                         

 Payments hereunder shall be made by wire transfer of immediately available Dollars as follows: 

If to Assignee, to the following account (or to such other account as Assignee may designate from time to time): 

 

	
	                                      
                                  
	                                      
                                  
	                                      
                                  
	 ABA
No.                                        
                

                   
                                         
            

	 Account
No.                                        
           

	
Reference:                 
                                     

 If to Assignor, to the following account (or to such other account as Assignor may designate from time
to time): 
  

	
	                                      
                                  
	                                      
                                  
	                                      
                                  
	 ABA
No.                                        
                

                   
                                         
            

	 Account
No.                                        
           

	
Reference:                 
                                     

 [Signature Page Follows] 

  
 H-3 

 IN WITNESS WHEREOF, this Assignment and Assumption is executed as of ________________. 

 

			
	  

(“Assignee”)

		
	By:	 	 
		 	Title:
	  

(“Assignor”)

		
	By:	 	 
		 	Title:

  
 H-5 

 STANDARD TERMS AND CONDITIONS FOR ASSIGNMENT AND ASSUMPTION 

1. Representations and Warranties. 

1.1. Assignor. The Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of the Assigned
Interest, (ii) the Assigned Interest is free and clear of any lien, encumbrance or other adverse claim, (iii) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to
consummate the transactions contemplated hereby and (iv) the sale and assignment of the Assigned Interest is made by this Assignment and Assumption in accordance with the terms and conditions contained in the Syndicated Facility Agreement; and
(b) assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with the Syndicated Facility Agreement or any other Credit Document, (ii) the execution, legality, validity,
enforceability, genuineness, sufficiency or value of the Credit Documents or any collateral thereunder, (iii) the financial condition of the Parent, Borrowers, any of their Subsidiaries or Affiliates or any other Person obligated in respect of
any Credit Document or (iv) the performance or observance by the Parent, Borrowers, any of their Subsidiaries or Affiliates or any other Person of any of their respective obligations under any Credit Document. 

1.2. Assignee. The Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all action
necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and to become a Lender under the Syndicated Facility Agreement, (ii) it meets all requirements of an Eligible Assignee under
the Syndicated Facility Agreement (subject to receipt of such consents as may be required under the Syndicated Facility Agreement), (iii) from and after the Effective Date, it shall be bound by the provisions of the Syndicated Facility Agreement as
a Lender thereunder and, to the extent of the Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it has received a copy of the Syndicated Facility Agreement, together with copies of the most recent financial statements
delivered pursuant thereto, as applicable, and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption and to purchase the Assigned Interest on the
basis of which it has made such analysis and decision independently and without reliance on the Agents or any other Lender, and (vv) attached hereto is any documentation required to be delivered by it pursuant to the terms of the Syndicated Facility
Agreement, duly completed and executed by the Assignee; and (b) agrees that (i) it will, independently and without reliance on the Agents, the Assignor or any other Lender, and based on such documents and information as it shall deem
appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Credit Documents, and (ii) it will perform in accordance with their terms all of the obligations which by the terms of the Credit
Documents are required to be performed by it as a Lender. 
 2. Payments. From and after the Effective Date, the Administrative Agent
shall make all payments in respect of the Assigned Interest (including payments of principal, interest, fees and other amounts) to the Assignor for amounts which have accrued to but excluding the Effective Date and to the Assignee for amounts which
have accrued from and after the Effective Date. 
 3. General Provisions. This Assignment and Assumption shall be binding upon, and
inure to the benefit of, the parties hereto and their respective successors and assigns. This Assignment and Assumption may be executed in any number of counterparts, which together shall constitute one instrument. Delivery of an executed
counterpart of a signature page of this Assignment and Assumption by telecopy shall be effective as delivery of a manually executed counterpart of this Assignment and Assumption. This Assignment and Assumption shall be governed by, and construed in
accordance with, the laws of the State of New York. 

  
 H-1 

 EXHIBIT I 

FORM OF ASSIGNMENT NOTICE 

Reference is hereby made to (i) the Syndicated Facility Agreement, dated as of December 20, 2017 (as amended, restated, modified
and/or supplemented from time to time, the “Syndicated Facility Agreement”), among Mattel, Inc. (the “Company”), each of the other Borrowers and Guarantors party thereto from time to time, the Lenders party thereto
from time to time, Bank of America, N.A., as Global Administrative Agent, Collateral Agent and Australian Security Trustee, and the other parties thereto; and (ii) the Assignment and Assumption dated as of
                    , 20         (“Assignment”),
between                     (“Assignor”)
and                    (“Assignee”). 

Terms are used herein as defined in the Syndicated Facility Agreement. 

Assignor hereby notifies the Borrowers and the Administrative Agent of Assignor’s intent to assign to Assignee pursuant to the Assignment
[(a) the amount of $                     of Assignor’s U.S. Revolving A Commitment (which represents
         % of the total U.S. Revolving A Commitments),] [(a) the amount of $                     of
Assignor’s Revolving B Commitment (which represents         % of the total Revolving B Commitments),] [(b) the amount of
$                     of Assignor’s Canadian Revolving Commitment (which represents          % of the
total Canadian Revolving Commitments),] [(c) the amount of $                     of Assignor’s French Revolving Commitment (which represents
         % of the total French Revolving Commitments),] [(d) the amount of $                     of
Assignor’s Spanish Revolving Commitment (which represents          % of the total Spanish Revolving Commitments),] [(e) the amount of
$                    of Assignor’s European (GNU) Revolving Commitment (which represents         % of
the total European (GNU) Revolving Commitments),] [(f) the amount of $                     of Assignor’s Australian Revolving Commitment (which
represents          % of the total Australian Revolving Commitments),] [including a like percentage of such Assignor’s applicable Loans and participations in LC Obligations and Swingline Loans] (the
foregoing items being, collectively, the “Assigned Interest”), together with an interest in the Credit Documents corresponding to the Assigned Interest. This Agreement shall be effective as of the date (“Effective
Date”) indicated below, provided this Assignment Notice is executed by Assignor, Assignee, the Administrative Agent, [the applicable Swingline Lenders, the applicable Issuing Banks] and the Company, if applicable. Pursuant to the
Assignment, Assignee has expressly assumed all of Assignor’s obligations under the Syndicated Facility Agreement to the extent of the Assigned Interest, as of the Effective Date. 

For purposes of the Syndicated Facility Agreement, the Administrative Agent shall deem [Assignor’s U.S. Revolving A Commitment to be
reduced by $                    ,] [Assignor’s Revolving B Commitment to be reduced by
$                    ,] [Assignor’s Canadian Revolving Commitment to be reduced by
$                    ,] [Assignor’s French Revolving Commitment to be reduced by
$                    ,] [Assignor’s Spanish Revolving Commitment to be reduced by
$                    ,] [Assignor’s European (GNU) Revolving Commitment to be reduced by
$                    ,] [Assignor’s Australian Revolving Commitment to be reduced by
$                    ,] [Assignee’s U.S. Revolving A Commitment to be increased by
$                    ,] [Assignee’s Revolving B Commitment to be increased by
$                    ,] [Assignee’s Canadian Revolving Commitment to be increased by
$                    ,] [Assignee’s French Revolving Commitment to be increased by
$                    ] [Assignee’s Spanish Revolving Commitment to be increased by
$                    ] [Assignee’s European (GNU) Revolving Commitment to be increased by
$                    ] [Assignee’s Australian Revolving Commitment to be increased by
$                    ]. 
 The address
of Assignee to which notices and information are to be sent under the terms of the Syndicated Facility Agreement is: 

  
 I-1 

			
		 	  

		 	  

		 	  

 The address of Assignee to which payments are to be sent under the terms of the Syndicated Facility Agreement
is shown in the Assignment. 
 This Notice is being delivered to the Administrative Agent pursuant to Section 12.04(c) of the
Syndicated Facility Agreement. Please acknowledge your acceptance of this Notice by executing and returning to Assignee and Assignor a copy of this Notice. 

IN WITNESS WHEREOF, this Assignment Notice is executed as of
                    . 
  

			
		 	  

(“Assignee”)

		
	By:	 	 
		 	Title:
		
		 	(“Assignor”)
		
	By:	 	 
		 	Title:

  

			
		 	ACKNOWLEDGED AND AGREED,
		 	AS OF THE DATE SET FORTH ABOVE:
	
	MATTEL, INC.:*
		
	By:	 	 
		 	Title:                                     
                               

  

	*	No signature required if Assignee is a Lender, Affiliate of a Lender or Approved Fund, or if an Event of Default exists. 

  

			
		 	 BANK OF AMERICA, N.A.,
 as Global
Administrative Agent

		
	By:	 	 
		 	Title:                                     
                               

  
 I-2 

			
	
[[                         
       ],
   as U.S. Issuing Bank

		
	By:	 	 
		 	Title:                                     
                                ]
	
	
[[                         
       ],
   as Canadian Issuing Bank

		
	By:	 	 
		 	Title:                                     
                                ]
	
	
[[                         
       ],
   as French Issuing Bank

		
	By:	 	 
		 	Title:                                     
                                ]
	
	
[[                         
       ],
   as Spanish Issuing Bank

		
	By:	 	 
		 	Title:                                     
                                ]
	
	
[[                         
       ],
   as European (GNU) Issuing Bank

		
	By:	 	 
		 	Title:                                     
                                ]
	
	
[[                         
       ],
   as Australian Issuing Bank

		
	By:	 	 
		 	Title:                                     
                                ]

  
 I-3 

 EXHIBIT J 

FORM OF BORROWER DESIGNATION REQUEST AND ASSUMPTION AGREEMENT 

THIS BORROWER DESIGNATION REQUEST AND ASSUMPTION AGREEMENT (this “Agreement”) dated as of
[                    ] is by and among Mattel, Inc. (the “Company”),
[                    ], a [                    ]
(the “Applicant Borrower”), and Bank of America, N.A., as Global Administrative Agent under the Syndicated Facility Agreement, dated as of December 20, 2017 (as amended, restated, modified and/or supplemented from time to time,
the “Syndicated Facility Agreement”), among the Company, each of the other Borrowers and Guarantors party thereto from time to time, the Lenders party thereto from time to time, Bank of America, N.A., as Global Administrative Agent,
Collateral Agent and Australian Security Trustee, and the other parties thereto. Capitalized terms used but not otherwise defined herein shall have the meanings assigned to them in the Syndicated Facility Agreement. 

The Company has indicated its desire to designate the Applicant Borrower as a [U.S. Revolving] [Canadian] [French] [Spanish] [European (GNU)]
[Australian] Borrower pursuant to Section 2.21 of the Syndicated Facility Agreement. Accordingly, each of the Company and the Applicant Borrower hereby agrees with the Administrative Agent, for the benefit of the Lenders,
as follows: 
 1. Each of the Applicant Borrower and the Company hereby confirms, represents and warrants to the Administrative Agent and the
Lenders that the Applicant Borrower is a [Domestic] [Canadian] [French] [Spanish] [European (GNU)] [Australian] Subsidiary of the Company. 

2. The Applicant Borrower hereby acknowledges, agrees and confirms that, by its execution of this Agreement and upon execution by the
Administrative Agent of a Borrower Designation Notice (it being understood that such Borrower Designation Notice is conditioned upon receipt by the Administrative Agent and the Lenders of the documents required by the Administrative Agent and the
Required Revolving A Lenders or the Required Revolving B Lenders (as applicable) pursuant to Section 2.21(a) of the Syndicated Facility Agreement), the Applicant Borrower will be deemed to be a party to the Syndicated Facility Agreement as a
[U.S. Revolving] [Canadian] [French] [Spanish] [European (GNU)] [Australian] Borrower for all purposes of the Syndicated Facility Agreement and the other Credit Documents, and shall have all of the obligations of a [U.S. Revolving] [Canadian]
[French] [Spanish] [European (GNU)] [Australian] Borrower thereunder as if it had executed the Syndicated Facility Agreement and the other Credit Documents. The Applicant Borrower hereby ratifies, as of the date hereof, and agrees to be bound by,
all of the terms, provisions and conditions contained in the Credit Documents, including (i) all of the representations and warranties of the Credit Parties set forth in Section 7 of the Syndicated Facility Agreement,
and (ii) all of the applicable affirmative and negative covenants set forth in Sections 8 and 9 of the Syndicated Facility Agreement. 

3. The Applicant Borrower acknowledges and confirms that it has received a copy of the Syndicated Facility Agreement and the schedules and
exhibits thereto. 
 4. The Company confirms that all of the Obligations under the Syndicated Facility Agreement are, and upon the Applicant
Borrower becoming a [U.S. Revolving] [Canadian] [French] [Spanish] [European (GNU)] [Australian] Borrower shall continue to be, in full force and effect. The Company further confirms that immediately upon the Applicant Borrower becoming a [U.S.
Revolving] [Canadian] [French] [Spanish] [European (GNU)] [Australian] Borrower, the term “Obligations,” as used in the Syndicated Facility Agreement, shall include all Obligations of such [U.S. Revolving] [Canadian] [French] [Spanish]
[European (GNU)] [Australian] Borrower under the Syndicated Facility Agreement and under each other Credit Document. 

  
 J-1 

 5. The Applicant Borrower hereby agrees that upon becoming a [U.S. Revolving] [Canadian] [French]
[Spanish] [European (GNU)] [Australian] Borrower it will assume all of the Obligations of a [U.S. Revolving] [Canadian] [French] [Spanish] [European (GNU)] [Australian] Borrower as set forth in the Syndicated Facility Agreement. 

6. Each of the Company and the Applicant Borrower agrees that at any time and from time to time, upon the written request of the Administrative
Agent, it will execute and deliver such further documents and do such further acts and things as the Administrative Agent may reasonably request in order to effect the provisions of this Agreement and the Syndicated Facility Agreement. 

7. This Agreement may be executed in any number of counterparts and by the different parties hereto on separate counterparts (including by
facsimile or other electronic transmission (i.e., a “pdf’ or “tif’), each of which when so executed and delivered shall be an original, but all of which shall together constitute one and the same instrument. A set of counterparts
executed by all the parties hereto shall be lodged with the Company and the Administrative Agent. 
 8. This Agreement shall constitute a
Credit Document under the Syndicated Facility Agreement. 
 9. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE
LAWS OF THE STATE OF NEW YORK. 
 [Signature Page Follows] 

  
 J-2 

 IN WITNESS WHEREOF, the Applicant Borrower, the Company and the Administrative Agent have caused
this Agreement to be duly executed by their authorized officers. 
  

									
	APPLICANT BORROWER:	  		  		  	 [APPLICANT BORROWER],

		  		  		  	a[                                ]
					
		  		  		  	By:	  	
                     
                                        

		  		  		  	Name:	  	  

		  		  		  	Title:	  	  

			
	COMPANY:	  		  	MATTEL, INC.,
		  		  		  	a Delaware corporation
					
		  		  		  	By:	  	  

		  		  		  	Name:	  	  

		  		  		  	Title:	  	  

	Acknowledged by:
			
	ADMINISTRATIVE AGENT:	  		  	BANK OF AMERICA, N.A.,
		  		  		  	as Global Administrative Agent
					
		  		  		  	By:	  	  

		  		  		  	Name:	  	  

		  		  		  	Title:	  	  

  
 J-3 

 EXHIBIT K 

FORM OF BORROWER DESIGNATION NOTICE 
 To:
The Company (as defined below) and the Lenders 
 Ladies and Gentlemen: 

This Borrower Designation Notice is made and delivered pursuant to Section 2.21 of that certain Syndicated Facility
Agreement, dated as of December 20, 2017 (as amended, restated, modified and/or supplemented from time to time, the “Syndicated Facility Agreement”), among Mattel, Inc. (the “Company”), each of the other
Borrowers and Guarantors party thereto from time to time, the Lenders party thereto from time to time, Bank of America, N.A., as Global Administrative Agent, Collateral Agent and Australian Security Trustee, and the other parties thereto.
Capitalized terms used but not otherwise defined herein shall have the meanings assigned to them in the Syndicated Facility Agreement. 

The Global Administrative Agent hereby notifies the Company and the Lenders that effective as of the date hereof [ ] shall be a [U.S.
Revolving] [Canadian] [French] [Spanish] [European (GNU)] [Australian] Borrower and may receive Loans and other extensions of credit under the [U.S. Revolving A Subfacility] [Revolving B Facility] [Canadian Revolving Subfacility] [French Revolving
Subfacility] [Spanish Revolving Subfacility] [European (GNU) Revolving Subfacility] [Australian Revolving Subfacility] for its account on the terms and conditions set forth in the Syndicated Facility Agreement. 

 

			
	BANK OF AMERICA, N.A., as Global Administrative Agent

 
			
		
	By:	 	 
	Name:	 	  

	Title:	 	  

  
 K-1 

 EXHIBIT L 

FORM OF INTERCOMPANY SUBORDINATION AGREEMENT 

THIS INTERCOMPANY SUBORDINATION AGREEMENT (this “Agreement”) dated as of
[ 🌑 ], 2017, is by and among (a) Mattel, Inc., a Delaware corporation (the “Company”), (b) the Subsidiaries of the Company that are or become a party hereto
(collectively, the “Mattel Subsidiaries,” and together with the Company, collectively the “Mattel Entities”), and (c) Bank of America, N.A., as Global Administrative Agent, Collateral Agent, and Australian
Security Trustee (in such capacities, the “Administrative Agent”) under the Syndicated Facility Agreement (as defined below). 

W I T N E S S E T H 
 WHEREAS,
reference is made to that certain Syndicated Facility Agreement, dated as of the date hereof (as amended, restated, amended and restated, refinanced, supplemented, or otherwise modified from time to time in accordance with the terms thereof, the
“Syndicated Facility Agreement”), by and among the Company, each of the other Borrowers and Guarantors party thereto from time to time (together with the Company, the “Credit Parties”), the lenders party thereto
from time to time (the “Lenders”), and the Administrative Agent, pursuant to which, among other things, the Lenders have agreed, subject to the terms and conditions set forth in the Credit Documents (as defined in the Syndicated
Facility Agreement), to make certain loans and financial accommodations to the Company and certain of its Subsidiaries. Capitalized terms used herein but not otherwise defined herein shall have the meanings assigned to them in the Syndicated
Facility Agreement. 
 WHEREAS, from time to time, the Mattel Entities may incur Indebtedness (each such Mattel Entity, in such capacity, an
“Issuer”) from one or more of the Mattel Entities (each, in such capacity, a “Holder”). Such Indebtedness includes, without limitation, all liabilities, obligations, or indebtedness now or at any time owing from any
Issuer to any Holder of every type, nature, and description (collectively, the “Intercompany Debt”). Certain of the Intercompany Debt may from time to time be owed by an Issuer that is a Credit Party to another Mattel Entity (such
Intercompany Debt, the “Subordinated Debt”). The documents, instruments, and agreements evidencing the Subordinated Debt, in each case as amended, restated, amended and restated, supplemented, or otherwise modified from time to
time, are hereinafter referred to as the “Subordinated Debt Documents”). Pursuant to the Subordinated Debt Documents, the Holders may be entitled to receive certain payments (collectively, the “Payments”) from the
Issuers. 
 WHEREAS, as a condition precedent to the continued commitment of the Lenders to make loans and provide other financial
accommodations to the Company and certain of its Subsidiaries, the Subordinated Debt is required to be subordinated to the Obligations. 

WHEREAS, the parties to this Agreement have agreed to subordinated the Subordinated Debt pursuant to this Agreement. 

NOW, THEREFORE, in consideration of the foregoing and for good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereby agree as follows: 
 1. Each Issuer of Mattel Debt with respect to which a Credit Party is a Holder
acknowledges that such Credit Party may have pledged such Mattel Debt to the Administrative Agent for the benefit of the Secured Creditors, and each such Issuer hereby acknowledges and agrees that the Administrative Agent may exercise all rights of
a Holder with respect to the Subordinated Debt owed to such Issuer after the occurrence and during the continuance of an Event of Default under the Syndicated Facility Agreement. 

  
 L-1 

 2. The Subordinated Debt shall be subordinate and junior in right of payment, to the extent and
in the manner hereinafter set forth, to all Obligations (other than any contingent obligations or contingent indemnification obligations not then due) of such Issuer until the Payment in Full Date; provided that each Issuer may make payments to the
applicable Holder so long as no Event of Default shall have occurred and be continuing (such Obligations and other indebtedness and obligations in connection with any renewal, refunding, restructuring, or refinancing thereof, including interest
thereon accruing after the commencement of any proceedings referred to in clause (a) below, whether or not such interest is an allowed claim in such proceeding, being hereinafter collectively referred to as “Senior
Indebtedness”): 
 (a) In the event of any insolvency or bankruptcy proceedings, and any receivership, liquidation,
reorganization, or other similar proceedings in connection therewith, relative to any Issuer of Subordinated Debt or to its property, and in the event of any proceedings for voluntary liquidation, dissolution, or other winding up of such Issuer
(except as expressly permitted by the Syndicated Facility Agreement), whether or not involving insolvency or bankruptcy, then, if an Event of Default has occurred and is continuing after prior written notice from the Administrative Agent to the
Company, (i) the holders of Senior Indebtedness shall be paid in full in cash in respect of all amounts constituting Senior Indebtedness (other than (A) any Secured Bank Product Obligations and (B) any contingent indemnification
obligations or other contingent obligations not then due and payable), all Commitments have terminated or expired and no Letter of Credit is outstanding (other than any Letter of Credit that is (x) Cash Collateralized by Cash Collateral held in
the LC Collateral Account, in the name of the Administrative Agent and for the benefit of the applicable Issuing Bank, in an amount equal to 103.0% of the LC Exposure with respect to such Letter of Credit or (y) backstopped on terms reasonably
satisfactory to the applicable Issuing Bank before any Holder of Subordinated Debt is entitled to receive (whether directly or indirectly), or make any demands for, any payment on account of any Subordinated Debt and (ii) until the holders of
Senior Indebtedness are paid in full in cash in respect of all amounts constituting Senior Indebtedness (other than (A) any Secured Bank Product Obligations and (B) any contingent indemnification obligations or other contingent obligations
not then due and payable), all Commitments have terminated or expired and no Letter of Credit is outstanding (other than any Letter of Credit that is (x) Cash Collateralized by Cash Collateral held in the LC Collateral Account, in the name of
the Administrative Agent and for the benefit of the applicable Issuing Bank, in an amount equal to 103.0% of the LC Exposure with respect to such Letter of Credit or (y) backstopped on terms reasonably satisfactory to the applicable Issuing
Bank, any payment or distribution to which such Holder would otherwise be entitled (other than debt securities of such Issuer that are subordinated, to at least the same extent as the Subordinated Debt, to the payment of all Senior Indebtedness then
outstanding (such securities being hereinafter referred to as “Restructured Debt Securities”)) shall be made to the holders of Senior Indebtedness; 

(b) If any Event of Default occurs and is continuing after prior written notice from the Administrative Agent to the Company,
then (i) no payment or distribution of any kind or character shall be made by or on behalf of the Issuer that is a Credit Party or any other Person on its behalf with respect to any Subordinated Debt and (ii) upon the request of the
Administrative Agent, no Subordinated Debt owing by any Issuer to any Holder that is a Credit Party shall be forgiven or otherwise reduced in any way, other than as a result of payment in full thereof made in cash; 

(c) If any payment or distribution of any character, whether in cash, securities or other property (other than Restructured
Debt Securities), in respect of Subordinated Debt shall (despite these subordination provisions) be received by any Holder in violation of clause (a) or (b) before Payment in Full of all Senior Indebtedness, such payment or distribution shall
be held in trust for the benefit of the Administrative Agent and shall be paid over or delivered to the Administrative Agent for the benefit of the holders of the Senior Indebtedness; and 

  
 L-2 

 (d) Each Holder that is a Credit Party agrees to file all claims against each
relevant Issuer in any bankruptcy or other proceeding in which the filing of claims is required by law in respect of any Senior Indebtedness, and the Administrative Agent shall be entitled to all of such Holder’s rights thereunder. If for any
reason any such Holder fails to file such claim at least ten Business Days prior to the last date on which such claim should be filed, such Holder hereby irrevocably appoints the Administrative Agent as its true and lawful attorney-in-fact and is hereby authorized to act as attorney-in-fact in such Holder’s name
to file such claim or, in the Administrative Agent’s discretion, to assign such claim to and cause proof of claim to be filed in the name of the Administrative Agent or its nominee. In all such cases, whether in administration, bankruptcy or
otherwise, the person or persons authorized to pay such claim shall pay to the Administrative Agent the full amount payable on the claim in the proceeding, and, to the full extent necessary for that purpose, each such Holder hereby assigns to the
Administrative Agent all of such Holder’s rights to any payments or distributions to which such Holder otherwise would be entitled. If the amount so paid is greater than such Holder’s liability hereunder, the Administrative Agent shall pay
the excess amount to the party entitled thereto. In addition, each such Holder hereby irrevocably appoints the Administrative Agent as its attorney in fact to exercise all of such Holder’s voting rights in connection with any bankruptcy
proceeding or any plan for the reorganization of each relevant Issuer. 
 3. To the fullest extent permitted by law, no present or future
holder of Senior Indebtedness shall be prejudiced in its right to enforce the provisions of this Agreement by any act or failure to act on the part of any Issuer or by any act or failure to act on the part of such holder or any trustee or agent for
such holder. Each Issuer of Subordinated Debt and each Holder of Subordinated Debt hereby agree that the subordination of the Subordinated Debt is for the benefit of the Administrative Agent and the other Secured Creditors. The Administrative Agent
may, on behalf of itself and the other Secured Creditors, proceed to enforce the subordination provisions herein. 
 4. Notwithstanding the
foregoing, 
 (a) nothing contained in the subordination provisions set forth above is intended to or will impair, as between
any Issuer of Subordinated Debt and any Holder of Subordinated Debt, the obligations of such Issuer, which are absolute and unconditional, to pay to such Holder the principal of and interest on any applicable Subordinated Debt as and when due and
payable in accordance with the terms of such Subordinated Debt, or is intended to or will affect the relative rights of such Holder and other creditors of such Issuer other than the holders of Senior Indebtedness; and 

(b) with respect to any indebtedness owing from any Issuer of Subordinated Debt to any Holder of Subordinated Debt with a
“works council” or other employee representative body, such Indebtedness shall, unless such body has been consulted with respect to such subordination, and, if and to the extent required, unconditionally approved such subordination (by
means of a prior positive advice or otherwise), not be subordinated to the Senior Indebtedness to the extent, and only to the extent, that the terms of such subordination would require the approval of or consultation with such entity before such
subordination could be effective. 
 5. This Agreement shall be binding upon each party hereto and their respective successors and assigns.

  
 L-3 

 6. Upon execution and delivery after the date hereof by any subsidiary of the Company of a
counterpart signature page hereto, such subsidiary shall become a party to this Agreement with the same force and effect as if originally named as a Mattel Entity hereunder. The rights and obligations of each party hereunder shall remain in full
force and effect notwithstanding the addition of any new Mattel Entity as a party to this Agreement. 
 7. THIS AGREEMENT SHALL BE
GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
 [Remainder of page intentionally left blank] 

  
 L-4 

 
			
	MATTEL, INC. 
		
	By:	 	 
		 	Name:
		 	Title:
	
	[                    ] 
		
	By:	 	 
		 	Name:
		 	Title:

  
 L-5 

 
			
	 BANK OF AMERICA, N.A.,
 as
Administrative Agent

 
			
		
	By:	 	 
	Name:	 	  

	Title:	 	  

  
 L-6 

 EXHIBIT M 

FORM OF FOREIGN JOINDER AGREEMENT 

[                ],
20         
 This Foreign Joinder Agreement (this “Joinder Agreement”) is entered
into as of the date hereof by each of the undersigned [] Borrowers (each, a “New [1] Borrower”), each of the undersigned [1] Lenders (each, a “New [1] Lender”) and Bank of America, N.A., in its capacity as Global Administrative Agent
under that certain Syndicated Facility Agreement, dated as of December 20, 2017 (as amended, restated, modified and/or supplemented from time to time, the “Syndicated Facility Agreement”), among Mattel, Inc. (the
“Company”), each of the other Borrowers and Guarantors party thereto from time to time, the Lenders party thereto from time to time, Bank of America, N.A., as Global Administrative Agent, Collateral Agent and Australian Security
Trustee, and the other parties thereto. Capitalized terms used but not otherwise defined herein shall have the meanings assigned to them in the Syndicated Facility Agreement. 

W I T N E S S E T H: 
 WHEREAS,
pursuant to Section [5.02/5.03/5.04] of the Syndicated Facility Agreement, the conditions to New [1] Borrower obtaining
[1] Revolving Loans, [1] Swingline Loans, or arrange for the issuance of any
[1] Letters of Credit, as applicable, have been satisfied, other than the execution of this Joinder Agreement; 

WHEREAS Administrative Agent, Company, the New [1] Lenders, and the New [1] Borrowers have agreed to enter into this Joinder Agreement and join the New [1] Lenders and the New [1] Borrowers to the Syndicated Facility Agreement and the other Loan Documents as [1] Lenders and [1] Borrowers thereunder, respectively; and 
 NOW, THEREFORE, the Administrative Agent,
Company, the New [1] Borrowers and the New [1] Lenders hereby agree as follows: 

1. New [1] Borrower. Each New [1] Borrower, by its signature below, becomes a [1] Borrower under the Syndicated Facility Agreement and the other Loan Documents with the
same force and effect as if originally named therein as a [1] Borrower. Without limiting the foregoing, in order to induce the applicable Secured Creditors to provide [1] Revolving Loans, [1] Swingline Loans, issue [1] Letters of Credit and
otherwise provide credit accommodations (including Secured Bank Product Obligations) to the [1] Borrower, each New [1] Borrower
hereby agrees that it is bound by the terms and conditions of the Syndicated Facility Agreement and other Loan Documents as a [1] Borrower as if originally a party thereto. Each New [1] Borrower hereby (a) represents and warrants that (i) it has full power and authority, and has taken all action necessary, to execute and deliver this Joinder Agreement and to
consummate the transactions contemplated hereby and to become a [1] Borrower under the Syndicated Facility Agreement and (b) agrees to all the terms and provisions of the Syndicated
Facility Agreement applicable to it as a [1] Borrower thereunder. Each reference to a [1] Borrower in the Syndicated Facility
Agreement shall be deemed to include each New [1] Borrower. The New [1] Borrower hereby attach supplements to the schedules to
the Syndicated Facility Agreement applicable to the New [1] Borrower. 
 2.
New [1] Lender. Each New [1] Lender, by its signature below, becomes a [1] Lender under the Syndicated Facility Agreement and the other Loan Documents with the same force and effect as if originally named therein as a
[1] Lender. The New [1] Lender (a) represents and warrants that (i) it has full power and authority, and has taken all
action necessary, to execute and deliver this Joinder Agreement and 
  

21 Specify French/German/Dutch/U.K. 

 
to consummate the transactions contemplated hereby and to become a [1] Lender under the Syndicated Facility Agreement, (ii) from
and after the date hereof, it shall be bound by the provisions of the Syndicated Facility Agreement and, to the extent of its Pro Rata Percentage of the [1] Revolving Commitments, shall
have the rights and obligations of a [1] Lender thereunder, and (iii) it has received a copy of the Syndicated Facility Agreement and the Schedules and Exhibits thereto, together with
such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Joinder Agreement on the basis of which it has made such analysis and decision; and (b) agrees that (i) it
will, independently and without reliance on the Administrative Agent or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action
under the Syndicated Facility Agreement and other Loan Documents, and (ii) it will perform in accordance with their terms all of the obligations which by the terms of the Syndicated Facility Agreement and other Loan Documents are required to be
performed by it as a [1] Lender. 
 3. Further Assurances. Each of New
[1] Borrower and New [1] Lender agrees that, at any time and from time to time, upon the written request of the Administrative
Agent, it will execute and deliver such further documents and do such further acts and things as the Administrative Agent may reasonably request in order to effect the purposes of this Joinder Agreement. 

4. Severability. If any provision of this Joinder Agreement is held to be illegal, invalid, or unenforceable, (a) the legality,
validity, and enforceability of the remaining provisions of this Joinder Agreement shall not be affected or impaired thereby and (b) the parties shall endeavor in good faith negotiations to replace the illegal, invalid, or unenforceable
provisions with valid provisions the economic effect of which comes as close as possible to that of the illegal, invalid, or unenforceable provisions. The invalidity of a provision in a particular jurisdiction shall not invalidate or render
unenforceable such provision in any other jurisdiction. 
 5. Counterparts. This Joinder Agreement may be executed in any number of
counterparts and by the different parties hereto on separate counterparts (including by facsimile or other electronic transmission (i.e., a “pdf’ or “tif’), each of which when so executed and delivered shall be an original, but
all of which shall together constitute one and the same instrument. A set of counterparts executed by all the parties hereto shall be lodged with the Company and the Administrative Agent. 

6. No Waiver. Except as expressly supplemented hereby, the Syndicated Facility Agreement shall remain in full force and effect. 

7. Notices. All notices, requests and demands to or upon any New [1]
Borrower, any New [1] Lender, any Agent or any Lender shall be governed by the terms of Section 12.03 of the Syndicated Facility Agreement. 

8. Governing Law. THIS JOINDER AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 

[Signature Pages Follow] 

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

					
	
[                        ],

as a New [1] Borrower

			
	By:	 	 	 	 
		 	Name:	 	  

		 	Title:	 	  

	
	Address for Notices:
	[                        ]
	
	
[                        ],

as a New [1] Lender

			
	By:	 	 	 	 
		 	Name:	 	
                     
                            

		 	Title:	 	  

	
	Address for Notices:
	[                        ]

  

			
	Acknowledged by:
	
	 BANK OF AMERICA, N.A.,
 as Global
Administrative Agent

			
		
	By:	 	 
	Name:	 	  

	Title:	 	  

	
	 MATTEL, INC.
 as
Company

		
	By:	 	 
	Name:	 	  

	Title:	 	  

 [ATTACH APPLICABLE SCHEDULES TO SYNDICATED FACILITY AGREEMENT]Exhibit 10.1

 

EQUITY PURCHASE AGREEMENT

 

This equity purchase
agreement is entered into as of December 18, 2017 (this "Agreement"), by and between Ocean Thermal Energy Corporation,
a Nevada corporation (the "Company"), and L2 Capital, LLC, a Kansas limited liability company (the "Investor").

 

 

 

WHEREAS, the
parties desire that, upon the terms and subject to the conditions contained herein, the Company shall issue and sell to the Investor,
from time to time as provided herein, and the Investor shall purchase up to Fifteen Million Dollars ($15,000,000.00) of the Company’s
Common Stock (as defined below);

 

NOW, THEREFORE,
the parties hereto agree as follows:

 

ARTICLE I

CERTAIN DEFINITIONS

 

DEFINED TERMS. As used
in this Agreement, the following terms shall have the following meanings specified or indicated (such meanings to be equally applicable
to both the singular and plural forms of the terms defined):

 

“Agreement”
shall have the meaning specified in the preamble hereof.

 

“Average Daily
Trading Volume” shall mean the average trading volume of the Company’s Common Stock in the five (5) Trading Days
immediately preceding the respective Put Date.

 

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

 

“Claim Notice”
shall have the meaning specified in Section 9.3(a).

 

“Clearing
Costs” shall mean all of the Investor’s broker and Transfer Agent fees.

 

“Clearing
Date” shall be the date on which the Investor receives the Put Shares as DWAC Shares in its brokerage account.

 

“Closing”
shall mean one of the closings of a purchase and sale of shares of Common Stock pursuant to Section 2.3.

 

“Closing Certificate”
shall mean the closing certificate of the Company in the form of Exhibit B hereto.

 

“Closing Date”
shall mean the date of any Closing hereunder.

 

“Commitment
Period” shall mean the period commencing on the Execution Date, and ending on the earlier of (i) the date on which
the Investor shall have purchased Put Shares pursuant to this Agreement equal to the Maximum Commitment Amount, (ii) December
18, 2020, or (iii) written notice of termination by the Company to the Investor (which shall not occur at any time that the
Investor holds any of the Put Shares).

 

“Commitment
Shares” shall mean 1,714,285 shares of the Company’s common stock which were issued to the Investor on or around
the date hereof.

 

“Common Stock”
shall mean the Company’s common stock, $0.001 par value per share, and any shares of any other class of common stock whether
now or hereafter authorized, having the right to participate in the distribution of dividends (as and when declared) and assets
(upon liquidation of the Company).

 

“Common Stock
Equivalents” means any securities of the Company which would entitle the holder thereof to acquire at any time Common
Stock, including, without limitation, any debt, preferred stock, right, option, warrant or other instrument that is at any time
convertible into or exercisable or exchangeable for, or otherwise entitles the holder thereof to receive, Common Stock.

 

“Company”
shall have the meaning specified in the preamble to this Agreement.

 

“Custodian”
means any receiver, trustee, assignee, liquidator or similar official under any Bankruptcy Law.

 

 

 

    	 	1	 

     

    

 

“Damages”
shall mean any loss, claim, damage, liability, cost and expense (including, without limitation, reasonable attorneys’ fees
and disbursements and costs and expenses of expert witnesses and investigation).

 

“Dispute Period”
shall have the meaning specified in Section 9.3(a).

 

“DTC”
shall mean The Depository Trust Company, or any successor performing substantially the same function for the Company.

 

“DTC/FAST
Program” shall mean the DTC’s Fast Automated Securities Transfer Program.

 

“DWAC”
shall mean Deposit Withdrawal at Custodian as defined by the DTC.

 

“DWAC Eligible”
shall mean that (a) the Common Stock is eligible at DTC for full services pursuant to DTC’s Operational Arrangements,
including, without limitation, transfer through DTC’s DWAC system, (b) the Company has been approved (without revocation)
by the DTC’s underwriting department, (c) the Transfer Agent is approved as an agent in the DTC/FAST Program, (d) the
Commitment Shares or Put Shares, as applicable, are otherwise eligible for delivery via DWAC, and (e) the Transfer Agent does
not have a policy prohibiting or limiting delivery of the Commitment Shares or Put Shares, as applicable, via DWAC.

 

“DWAC Shares”
means shares of Common Stock that are (i) issued in electronic form, (ii) freely tradable and transferable and without
restriction on resale and (iii) timely credited by the Company to the Investor’s or its designee’s specified DWAC
account with DTC under the DTC/FAST Program, or any similar program hereafter adopted by DTC performing substantially the same
function.

 

“Exchange
Act” shall mean the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder.

 

“Exchange
Cap” shall have the meaning set forth in Section 7.1(c).

 

“Execution
Date” shall mean the date of this Agreement.

 

“FINRA”
shall mean the Financial Industry Regulatory Authority, Inc.

 

“Investment
Amount” shall mean the Put Shares referenced in the Put Notice multiplied by the Purchase Price minus the Clearing Costs.

 

“Indemnified
Party” shall have the meaning specified in Section 9.2.

 

“Indemnifying
Party” shall have the meaning specified in Section 9.2.

 

“Indemnity
Notice” shall have the meaning specified in Section 9.3(e).

 

“Investor”
shall have the meaning specified in the preamble to this Agreement.

 

“Lien”
means a lien, charge, pledge, security interest, encumbrance, right of first refusal, preemptive right or other restriction.

 

“Market Price”
shall mean the one (1) lowest traded price on the Principal Market for any Trading Day during the Valuation Period, as reported
by Bloomberg Finance L.P or other reputable source.

 

“Material
Adverse Effect” shall mean any effect on the business, operations, properties, or financial condition of the Company
that is material and adverse to the Company and/or any condition, circumstance, or situation that prohibit or otherwise materially
interfere with the ability of the Company to enter into and perform its obligations under any Transaction Document.

 

 

 

    	 	2	 

     

    

 

 

“Maximum Commitment
Amount” shall mean Fifteen Million Dollars ($15,000,000.00).

 

“Person”
shall mean an individual, a corporation, a partnership, an association, a trust or other entity or organization, including a government
or political subdivision or an agency or instrumentality thereof.

 

“Principal
Market” shall mean any of the national exchanges (i.e. NYSE, NYSE AMEX, Nasdaq), or principal quotation systems (i.e.
OTCQX, OTCQB, OTC Pink, the OTC Bulletin Board), or other principal exchange or recognized quotation system which is at the time
the principal trading platform or market for the Common Stock.

 

“Purchase
Price” shall mean 85% of the Market Price on such date on which the Purchase Price is calculated in accordance with the
terms and conditions of this Agreement.

 

“Put”
shall mean the right of the Company to require the Investor to purchase shares of Common Stock, subject to the terms and conditions
of this Agreement.

 

“Put Date”
shall mean any Trading Day during the Commitment Period that a Put Notice is deemed delivered pursuant to Section 2.2(b).

 

“Put Notice”
shall mean a written notice, substantially in the form of Exhibit A hereto, to Investor setting forth the Put Shares which
the Company intends to require Investor to purchase pursuant to the terms of this Agreement.

 

“Put Shares”
shall mean all shares of Common Stock issued, or that the Company shall be entitled to issue, per any applicable Put Notice in
accordance with the terms and conditions of this Agreement.

 

“Registration
Statement” shall have the meaning specified in Section 6.4.

 

“Regulation
D” shall mean Regulation D promulgated under the Securities Act.

 

“Required
Minimum” shall mean, as of any date, the maximum aggregate number of shares of Common Stock then issued or potentially
issuable in the future pursuant to the Transaction Documents, including any Commitment Shares, ignoring any beneficial ownership
limitations set forth therein.

 

“Rule 144”
shall mean Rule 144 under the Securities Act or any similar provision then in force under the Securities Act.

 

“SEC”
shall mean the United States Securities and Exchange Commission.

 

“SEC Documents”
shall have the meaning specified in Section 4.5.

 

“Securities”
means, collectively, the Put Shares and the Commitment Shares.

 

“Securities
Act” shall mean the Securities Act of 1933, as amended.

 

“Short Sales”
shall mean all “short sales” as defined in Rule 200 of Regulation SHO under the Exchange Act.

 

“Subsidiary”
means any Person the Company wholly-owns or controls, or in which the Company, directly or indirectly, owns a majority of the voting
stock or similar voting interest, in each case that would be disclosable pursuant to Item 601(b)(21) of Regulation S-K promulgated
under the Securities Act.

 

“Third Party
Claim” shall have the meaning specified in Section 9.3(a).

 

“Trading Day”
shall mean a day on which the Principal Market shall be open for business.

 

 

 

    	 	3	 

     

    

 

“Transaction
Documents” shall mean this Agreement and all schedules and exhibits hereto and thereto.

 

“Transfer
Agent” shall mean Interwest Transfer Co., Inc., the current transfer agent of the Company, and any successor transfer
agent of the Company.

 

“Transfer
Agent Instruction Letter” means the letter from the Company to the Transfer Agent which instructs the Transfer Agent
to issue the Put Shares and the Commitment Shares pursuant to the Transaction Documents, in the form of Exhibit C attached hereto.

 

“Valuation
Period” shall mean the period of five (5) Trading Days following the Clearing Date associated with the applicable Put
Notice during which the Purchase Price of the Common Stock is valued, provided, however, that the Valuation Period shall instead
begin on the Clearing Date if the respective Put Shares are received as DWAC Shares in Investor’s brokerage account prior
to 11:00 a.m. EST on the respective Clearing Date.

 

“Variable
Security Holder” means any holder of any securities of the Company in an amount in excess of $500,000 that (A) have or
may have conversion rights of any kind, contingent, conditional or otherwise, in which the number of shares that may be issued
pursuant to such conversion right varies with the market price of the Common Stock, or (B) are or may become convertible into Common
Stock (including without limitation convertible debt, warrants or convertible preferred stock), with a conversion price that varies
with the market price of the Common Stock, even if such security only becomes convertible following an event of default, the passage
of time, or another trigger event or condition.

 

ARTICLE II

PURCHASE AND SALE OF COMMON STOCK

 

Section 2.1 PUTS.
Upon the terms and conditions set forth herein (including, without limitation, the provisions of Article VII), the Company shall
have the right, but not the obligation, to direct the Investor, by its delivery to the Investor of a Put Notice from time to time,
to purchase Put Shares (i) in a minimum amount not less than $10,000.00 and (ii) in a maximum amount of $1,000,000.00,
provided, further, that the number of Put Shares shall not exceed 300% of the Average Daily Trading Volume.

 

Section 2.2 MECHANICS.

 

(a)       PUT
NOTICE. At any time and from time to time during the Commitment Period, except as provided in this Agreement, the Company may
deliver a Put Notice to Investor, subject to satisfaction of the conditions set forth in Section 7.2 and otherwise provided
herein. The Company shall deliver, or cause to be delivered, the Put Shares as DWAC Shares to the Investor within two (2) Trading
Days following the Put Date.

 

(b)       DATE
OF DELIVERY OF PUT NOTICE. A Put Notice shall be deemed delivered on (i) the Trading Day it is received by email by the
Investor if such notice is received on or prior to 8:30 a.m. EST or (ii) the immediately succeeding Trading Day if it is received
by email after 8:30 a.m. EST on a Trading Day or at any time on a day which is not a Trading Day. The Company shall not deliver
another Put Notice to the Investor within ten (10) Trading Days of a prior Put Notice.

 

Section 2.3 CLOSINGS.
If the value of the Put Shares delivered to the Investor causes the Company to exceed the Maximum Commitment Amount, then the
Investor shall return to the Company the surplus amount of Put Shares associated with such Put and the Purchase Price with respect
to such Put shall be reduced by any Clearing Costs related to the return of such Put Shares. The Closing of a Put shall occur
within one (1) Trading Day following the end of the respective Valuation Period, whereby the Investor shall deliver the Investment
Amount by wire transfer of immediately available funds to an account designated by the Company.

 

 

 

    	 	4	 

     

    

 

ARTICLE III

REPRESENTATIONS AND WARRANTIES OF INVESTOR

 

The Investor represents
and warrants to the Company that:

 

Section 3.1 INTENT.
The Investor is entering into this Agreement for its own account and the Investor has no present arrangement (whether or not legally
binding) at any time to sell the Securities to or through any Person in violation of the Securities Act or any applicable state
securities laws; provided, however, that the Investor reserves the right to dispose of the Securities at any time in accordance
with federal and state securities laws applicable to such disposition.

 

Section 3.2 NO
LEGAL ADVICE FROM THE COMPANY. The Investor acknowledges that it has had the opportunity to
review this Agreement and the transactions contemplated by this Agreement with its own legal counsel and investment and tax advisors.
The Investor is relying solely on such counsel and advisors and not on any statements or representations of the Company or any
of its representatives or agents for legal, tax or investment advice with respect to this investment, the transactions contemplated
by this Agreement or the securities laws of any jurisdiction.

 

Section 3.3 ACCREDITED
INVESTOR. The Investor is an accredited investor as defined in Rule 501(a)(3) of Regulation
D, and the Investor has such experience in business and financial matters that it is capable of evaluating the merits and risks
of an investment in the Securities. The Investor acknowledges that an investment in the Securities is speculative and involves
a high degree of risk.

 

Section 3.4 AUTHORITY.
The Investor has the requisite power and authority to enter into and perform its obligations under this Agreement and the other
Transaction Documents and to consummate the transactions contemplated hereby and thereby. The execution and delivery of this Agreement
and the other Transaction Documents and the consummation by it of the transactions contemplated hereby and thereby have been duly
authorized by all necessary action and no further consent or authorization of the Investor is required. Each Transaction Document
to which it is a party has been duly executed by the Investor, and when delivered by the Investor in accordance with the terms
hereof, will constitute the valid and binding obligation of the Investor enforceable against it in accordance with its terms,
subject to applicable bankruptcy, insolvency, or similar laws relating to, or affecting generally the enforcement of, creditors’
rights and remedies or by other equitable principles of general application.

 

Section 3.5 NOT
AN AFFILIATE. The Investor is not an officer, director or “affiliate” (as that term
is defined in Rule 405 of the Securities Act) of the Company.

 

Section 3.6 ORGANIZATION
AND STANDING. The Investor is an entity duly incorporated or formed, validly existing and in
good standing under the laws of the jurisdiction of its incorporation or formation with full right, corporate, partnership, limited
liability company or similar power and authority to enter into and to consummate the transactions contemplated by this Agreement
and the other Transaction Documents.

 

Section 3.7 ABSENCE
OF CONFLICTS. The execution and delivery of this Agreement and the other Transaction Documents,
and the consummation of the transactions contemplated hereby and thereby and compliance with the requirements hereof and thereof,
will not (a) violate any law, rule, regulation, order, writ, judgment, injunction, decree or award binding on the Investor,
(b) violate any provision of any indenture, instrument or agreement to which the Investor is a party or is subject, or by
which the Investor or any of its assets is bound, or conflict with or constitute a material default thereunder, (c) result
in the creation or imposition of any lien pursuant to the terms of any such indenture, instrument or agreement, or constitute
a breach of any fiduciary duty owed by the Investor to any third party, or (d) require the approval of any third-party (that
has not been obtained) pursuant to any material contract, instrument, agreement, relationship or legal obligation to which the
Investor is subject or to which any of its assets, operations or management may be subject.

 

Section 3.8 DISCLOSURE;
ACCESS TO INFORMATION. The Investor had an opportunity to review copies of the SEC Documents
filed on behalf of the Company and has had access to all publicly available information with respect to the Company.

 

Section 3.9 MANNER
OF SALE. At no time was the Investor presented with or solicited by or through any leaflet,
public promotional meeting, television advertisement or any other form of general solicitation or advertising.

 

    	 	5	 

     

    

 

ARTICLE IV

REPRESENTATIONS AND WARRANTIES OF THE COMPANY

 

The Company represents
and warrants to the Investor that, except as disclosed in the SEC Documents or except as set forth in the disclosure schedules
hereto:

 

Section 4.1 ORGANIZATION
OF THE COMPANY. The Company is an entity duly incorporated or otherwise organized, validly existing
and in good standing under the laws of the jurisdiction of its incorporation or organization, with the requisite power and authority
to own and use its properties and assets and to carry on its business as currently conducted. The Company has no Subsidiaries.
The Company is not in violation or default of any of the provisions of its respective certificate or articles of incorporation,
bylaws or other organizational or charter documents. The Company is duly qualified to conduct business and is in good standing
as a foreign corporation or other entity in each jurisdiction in which the nature of the business conducted or property owned
by it makes such qualification necessary, except where the failure to be so qualified or in good standing, as the case may be,
could not have or reasonably be expected to result in a Material Adverse Effect and no proceeding has been instituted in any such
jurisdiction revoking, limiting or curtailing or seeking to revoke, limit or curtail such power and authority or qualification.

 

Section 4.2 AUTHORITY.
The Company has the requisite corporate power and authority to enter into and perform its obligations under this Agreement and
the other Transaction Documents. The execution and delivery of this Agreement and the other Transaction Documents by the Company
and the consummation by it of the transactions contemplated hereby and thereby have been duly authorized by all necessary corporate
action and no further consent or authorization of the Company or its Board of Directors or stockholders is required. Each of this
Agreement and the other Transaction Documents has been duly executed and delivered by the Company and constitutes a valid and
binding obligation of the Company enforceable against the Company in accordance with its terms, except as such enforceability
may be limited by applicable bankruptcy, insolvency, or similar laws relating to, or affecting generally the enforcement of, creditors’
rights and remedies or by other equitable principles of general application.

 

Section 4.3 CAPITALIZATION.
As of the date hereof, the authorized capital stock of the Company consists of (a) 200,000,000 shares of Common Stock, par
value of $0.001 per share, of which approximately 120,274,710 shares of Common Stock are issued and outstanding and (b) 5,000,000
shares of preferred stock, of which 0 are issued and outstanding. Except as set forth on Schedule 4.3, the Company has not issued
any capital stock since its most recently filed periodic report under the Exchange Act, other than pursuant to the exercise of
employee stock options under the Company’s stock option plans, the issuance of shares of Common Stock to employees pursuant
to the Company’s employee stock purchase plans and pursuant to the conversion and/or exercise of Common Stock Equivalents
outstanding as of the date of the most recently filed periodic report under the Exchange Act. No Person has any right of first
refusal, preemptive right, right of participation, or any similar right to participate in the transactions contemplated by the
Transaction Documents. Except as set forth on Schedule 4.3 and as disclosed in the SEC Documents, and except as a result of the
purchase and sale of the Securities, there are no outstanding options, warrants, scrip rights to subscribe to, calls or commitments
of any character whatsoever relating to, or securities, rights or obligations convertible into or exercisable or exchangeable
for, or giving any Person any right to subscribe for or acquire any shares of Common Stock, or contracts, commitments, understandings
or arrangements by which the Company is or may become bound to issue additional shares of Common Stock or Common Stock Equivalents.
The issuance and sale of the Securities will not obligate the Company to issue shares of Common Stock or other securities to any
Person (other than the Investor) and will not result in a right of any holder of Company securities to adjust the exercise, conversion,
exchange or reset price under any of such securities. There are no stockholders agreements, voting agreements or other similar
agreements with respect to the Company’s capital stock to which the Company is a party or, to the knowledge of the Company,
between or among any of the Company’s stockholders.

 

Section 4.4 LISTING
AND MAINTENANCE REQUIREMENTS. The Common Stock is registered pursuant to Section 12(b) or 12(g)
of the Exchange Act, and the Company has taken no action designed to, or which to its knowledge is likely to have the effect of,
terminating the registration of the Common Stock under the Exchange Act nor has the Company received any notification that the
SEC is contemplating terminating such registration. The Company has not, in the twelve (12) months preceding the date hereof,
received notice from the Principal Market on which the Common Stock is or has been listed or quoted to the effect that the Company
is not in compliance with the listing or maintenance requirements of such Principal Market. The Company is, and has no reason
to believe that it will not in the foreseeable future continue to be, in compliance with all such listing and maintenance requirements.

 

 

    	 	6	 

     

    

 

Section 4.5 SEC
DOCUMENTS; DISCLOSURE. Except as set forth on Schedule 4.5 and routine Forms 8-K, the Company
has filed all reports, schedules, forms, statements and other documents required to be filed by the Company under the Securities
Act and the Exchange Act, including pursuant to Section 13(a) or 15(d) thereof, for the one (1) year preceding the date hereof
(or such shorter period as the Company was required by law or regulation to file such material) (the foregoing materials, including
the exhibits thereto and documents incorporated by reference therein, being collectively referred to herein as the “SEC
Documents”) on a timely basis or has received a valid extension of such time of filing and has filed any such SEC Documents
prior to the expiration of any such extension. As of their respective dates, the SEC Documents complied in all material respects
with the requirements of the Securities Act and the Exchange Act, as applicable, and other federal laws, rules and regulations
applicable to such SEC Documents, and none of the SEC Documents when filed contained any untrue statement of a material fact or
omitted to state a material fact required to be stated therein or necessary in order to make the statements therein, in light
of the circumstances under which they were made, not misleading. The financial statements of the Company included in the SEC Documents
comply as to form and substance in all material respects with applicable accounting requirements and the published rules and regulations
of the SEC or other applicable rules and regulations with respect thereto. Such financial statements have been prepared in accordance
with generally accepted accounting principles applied on a consistent basis during the periods involved (except (a) as may be
otherwise indicated in such financial statements or the notes thereto or (b) in the case of unaudited interim statements, to the
extent they may not include footnotes or may be condensed or summary statements) and fairly present in all material respects the
financial position of the Company as of the dates thereof and the results of operations and cash flows for the periods then ended
(subject, in the case of unaudited statements, to normal, immaterial, year-end audit adjustments). Except with respect to the
material terms and conditions of the transactions contemplated by the Transaction Documents, the Company confirms that neither
it nor any other Person acting on its behalf has provided the Investor or its agents or counsel with any information that it believes
constitutes or might constitute material, non-public information. The Company understands and confirms that the Investor will
rely on the foregoing representation in effecting transactions in securities of the Company.

 

Section 4.6 VALID
ISSUANCES. The Securities are duly authorized and, when issued and paid for in accordance with
the applicable Transaction Documents, will be duly and validly issued, fully paid, and non-assessable, free and clear of all Liens
imposed by the Company other than restrictions on transfer provided for in the Transaction Documents.

 

Section 4.7 NO
CONFLICTS. The execution, delivery and performance of this Agreement and the other Transaction
Documents by the Company and the consummation by the Company of the transactions contemplated hereby and thereby, including, without
limitation, the issuance of the Put Shares and the Commitment Shares, do not and will not: (a) result in a violation of the Company’s
certificate or articles of incorporation, by-laws or other organizational or charter documents, (b) conflict with, or constitute
a material default (or an event that with notice or lapse of time or both would become a material default) under, result in the
creation of any Lien upon any of the properties or assets of the Company, or give to others any rights of termination, amendment,
acceleration or cancellation of, any agreement, indenture, instrument or any “lock-up” or similar provision of any
underwriting or similar agreement to which the Company is a party, or (c) result in a violation of any federal, state or local
law, rule, regulation, order, judgment or decree (including federal and state securities laws and regulations) applicable to the
Company or by which any property or asset of the Company is bound or affected (except for such conflicts, defaults, terminations,
amendments, accelerations, cancellations and violations as would not, individually or in the aggregate, have a Material Adverse
Effect) nor is the Company otherwise in violation of, conflict with or in default under any of the foregoing. The business of
the Company is not being conducted in violation of any law, ordinance or regulation of any governmental entity, except for possible
violations that either singly or in the aggregate do not and will not have a Material Adverse Effect. The Company is not required
under federal, state or local law, rule or regulation to obtain any consent, authorization or order of, or make any filing or
registration with, any court or governmental agency in order for it to execute, deliver or perform any of its obligations under
this Agreement or the other Transaction Documents (other than any SEC, FINRA or state securities filings that may be required
to be made by the Company subsequent to any Closing or any registration statement that may be filed pursuant hereto); provided
that, for purposes of the representation made in this sentence, the Company is assuming and relying upon the accuracy of the relevant
representations and agreements of Investor herein.

 

Section 4.8 NO
MATERIAL ADVERSE CHANGE. No event has occurred that would have a Material Adverse Effect on
the Company that has not been disclosed in subsequent SEC filings.

 

 

    	 	7	 

     

    

 

Section 4.9 LITIGATION
AND OTHER PROCEEDINGS. Except as disclosed in the SEC Documents or as set forth on Schedule
4.9, there are no actions, suits, investigations, inquiries or proceedings pending or, to the knowledge of the Company, threatened
against or affecting the Company or any of its properties, nor has the Company received any written or oral notice of any such
action, suit, proceeding, inquiry or investigation, which would have a Material Adverse Effect. No judgment, order, writ, injunction
or decree or award has been issued by or, to the knowledge of the Company, requested of any court, arbitrator or governmental
agency which would have a Material Adverse Effect. There has not been, and to the knowledge of the Company, there is not pending
or contemplated, any investigation by the SEC involving the Company or any current or former director or officer of the Company.

 

Section 4.10 REGISTRATION
RIGHTS. Except as set forth on Schedule 4.10, no Person (other than the Investor) has any right
to cause the Company to effect the registration under the Securities Act of any securities of the Company.

 

ARTICLE V

COVENANTS OF INVESTOR

 

Section 5.1 COMPLIANCE
WITH LAW; TRADING IN SECURITIES. The Investor’s trading activities with respect to shares
of Common Stock will be in compliance with all applicable state and federal securities laws and regulations and the rules and
regulations of FINRA and the Principal Market.

 

Section 5.2 SHORT
SALES AND CONFIDENTIALITY. Neither the Investor, nor any affiliate of the Investor acting on
its behalf or pursuant to any understanding with it, will execute any Short Sales during the period from the date hereof to the
end of the Commitment Period. For the purposes hereof, and in accordance with Regulation SHO, the sale after delivery of a Put
Notice of such number of shares of Common Stock reasonably expected to be purchased under a Put Notice shall not be deemed a Short
Sale. The Investor shall, until such time as the transactions contemplated by this Agreement are publicly disclosed by the Company
in accordance with the terms of this Agreement, maintain the confidentiality of the existence and terms of this transaction and
the information included in the Transaction Documents.

 

ARTICLE VI

COVENANTS OF THE COMPANY

 

Section 6.1 RESERVATION
OF COMMON STOCK. On the date hereof, the Company will reserve 50,420,168 shares of Common Stock
from its authorized and unissued Common Stock to provide for all issuances of Common Stock under the Transaction Documents, including
any Commitment Shares (the “Share Reserve”). The Company further agrees to add additional shares of Common Stock to
the Share Reserve in increments of 5,000,000 shares as and when requested by the Investor if as of the date of any such request
the number of shares being held in the Share Reserve is less than three (3) times the number of shares of Common Stock obtained
by dividing the remaining balance on the Maximum Commitment Amount as of the date of the request by the Purchase Price. The Company
shall further require the Transfer Agent to hold the shares of Common Stock reserved pursuant to the Share Reserve exclusively
for the benefit of the Investor. 

 

Section 6.2 LISTING
OF COMMON STOCK. The Company shall promptly secure the listing of all of the Put Shares and
Commitment Shares to be issued to the Investor hereunder on the Principal Market (subject to official notice of issuance) and
shall use commercially reasonable best efforts to maintain, so long as any shares of Common Stock shall be so listed, the listing
of all such Put Shares and Commitment Shares from time to time issuable hereunder. The Company shall use its commercially reasonable
efforts to continue the listing and trading of the Common Stock on the Principal Market (including, without limitation, maintaining
sufficient net tangible assets) and will comply in all respects with the Company’s reporting, filing and other obligations
under the bylaws or rules of FINRA and the Principal Market.

 

Section 6.3 OTHER
EQUITY LINES AND CONVERTIBLE NOTES. So long as this Agreement remains in effect, the Company
covenants and agrees that it will not, without the prior written consent of the Investor, enter into any other equity line of
credit agreement with any other party or have any Variable Security Holders, excluding the Investor, without the Investor’s
prior written consent, which consent may be granted or withheld in the Investor’s sole and absolute discretion. For the
avoidance of doubt, nothing contained in the Transaction Documents shall restrict, or require the Investor’s consent for,
any agreement providing for the issuance or distribution of any equity securities of the Company pursuant to any agreement or
arrangement that is not covered in this Section 6.3.

 

 

    	 	8	 

     

    

 

Section 6.4 FILING
OF CURRENT REPORT AND REGISTRATION STATEMENT. The Company agrees that it shall file a Current
Report on Form 8-K, including the Transaction Documents as exhibits thereto, with the SEC within the time required by the Exchange
Act, relating to the transactions contemplated by, and describing the material terms and conditions of, the Transaction Documents
(the “Current Report”). The Company shall permit the Investor to review and comment upon the final pre-filing draft
version of the Current Report at least two (2) Trading Days prior to its filing with the SEC, and the Company shall give reasonable
consideration to all such comments. The Investor shall use its reasonable best efforts to comment upon the final pre-filing draft
version of the Current Report within one (1) Trading Day from the date the Investor receives it from the Company. The Company
shall also file with the SEC, on or before January 15, 2018, a new registration statement (the “Registration Statement”)
covering only the resale of the Commitment Shares (first) and the Put Shares (second).

 

ARTICLE VII

CONDITIONS TO DELIVERY OF

PUT NOTICES AND CONDITIONS TO CLOSING

 

Section 7.1 CONDITIONS
PRECEDENT TO THE RIGHT OF THE COMPANY TO ISSUE AND SELL PUT SHARES. The right of the Company
to issue and sell the Put Shares to the Investor is subject to the satisfaction of each of the conditions set forth below:

 

(a)       ACCURACY
OF INVESTOR’S REPRESENTATIONS AND WARRANTIES. The representations and warranties of the Investor shall be true and correct
in all material respects as of the date of this Agreement and as of the date of each Closing as though made at each such time.

 

(b)       PERFORMANCE
BY INVESTOR. Investor shall have performed, satisfied and complied in all respects with all covenants, agreements and conditions
required by this Agreement to be performed, satisfied or complied with by the Investor at or prior to such Closing.

 

(c)       PRINCIPAL
MARKET REGULATION. The Company shall not issue any Put Shares, and the Investor shall not have the right to receive any Put
Shares, if the issuance of such Put Shares would exceed the aggregate number of shares of Common Stock which the Company may issue
without breaching the Company’s obligations under the rules or regulations of the Principal Market (the “Exchange
Cap”).

 

Section 7.2 CONDITIONS
PRECEDENT TO THE OBLIGATION OF INVESTOR TO PURCHASE PUT SHARES. The obligation of the Investor
hereunder to purchase Put Shares is subject to the satisfaction of each of the following conditions:

 

(a)       EFFECTIVE
REGISTRATION STATEMENT. The Registration Statement, and any amendment or supplement thereto, shall remain effective for the
resale by the Investor of the Put Shares and the Commitment Shares and (i) neither the Company nor the Investor shall have received
notice that the SEC has issued or intends to issue a stop order with respect to such Registration Statement or that the SEC otherwise
has suspended or withdrawn the effectiveness of such Registration Statement, either temporarily or permanently, or intends or has
threatened to do so and (ii) no other suspension of the use of, or withdrawal of the effectiveness of, such Registration Statement
or related prospectus shall exist.

 

(b)       ACCURACY
OF THE COMPANY’S REPRESENTATIONS AND WARRANTIES. The representations and warranties of the Company shall be true and
correct in all material respects as of the date of this Agreement and as of the date of each Closing (except for representations
and warranties specifically made as of a particular date).

 

(c)       PERFORMANCE
BY THE COMPANY. The Company shall have performed, satisfied and complied in all material respects with all covenants, agreements
and conditions required by this Agreement to be performed, satisfied or complied with by the Company.

 

(d)       NO
INJUNCTION. No statute, rule, regulation, executive order, decree, ruling or injunction shall have been enacted, entered, promulgated
or adopted by any court or governmental authority of competent jurisdiction that prohibits or directly and materially adversely
affects any of the transactions contemplated by the Transaction Documents, and no proceeding shall have been commenced that may
have the effect of prohibiting or materially adversely affecting any of the transactions contemplated by the Transaction Documents.

 

(e)       ADVERSE
CHANGES. Since the date of filing of the Company’s most recent SEC Document, no event that had or is reasonably likely
to have a Material Adverse Effect has occurred.

 

 

 

    	 	9	 

     

    

 

(f)       NO
SUSPENSION OF TRADING IN OR DELISTING OF COMMON STOCK. The trading of the Common Stock shall not have been suspended by the
SEC, the Principal Market or FINRA, or otherwise halted for any reason, and the Common Stock shall have been approved for listing
or quotation on and shall not have been delisted from the Principal Market. In the event of a suspension, delisting, or halting
for any reason, of the trading of the Common Stock, as contemplated by this Section 7.2(f), the Investor shall have the
right to return to the Company any remaining amount of Put Shares associated with such Put, and the Purchase Price with respect
to such Put shall be reduced accordingly.

 

(g)       BENEFICIAL
OWNERSHIP LIMITATION. The number of Put Shares then to be purchased by the Investor shall not exceed the number of such shares
that, when aggregated with all other shares of Common Stock then owned by the Investor beneficially or deemed beneficially owned
by the Investor, would result in the Investor owning more than the Beneficial Ownership Limitation (as defined below), as determined
in accordance with Section 16 of the Exchange Act and the regulations promulgated thereunder. For purposes of this Section
7.2(g), in the event that the amount of Common Stock outstanding, as determined in accordance with Section 16 of the Exchange
Act and the regulations promulgated thereunder, is greater on a Closing Date than on the date upon which the Put Notice associated
with such Closing Date is given, the amount of Common Stock outstanding on such Closing Date shall govern for purposes of determining
whether the Investor, when aggregating all purchases of Common Stock made pursuant to this Agreement, would own more than the
Beneficial Ownership Limitation following such Closing Date. The “Beneficial Ownership Limitation” shall be
4.99% of the number of shares of the Common Stock outstanding immediately after giving effect to the issuance of shares of Common
Stock issuable pursuant to a Put Notice.

 

(h)       PRINCIPAL
MARKET REGULATION. The issuance of the Put Shares shall not exceed the Exchange Cap.

 

(i)       NO
KNOWLEDGE. The Company shall have no knowledge of any event more likely than not to have the effect of causing the Registration
Statement to be suspended or otherwise ineffective (which event is more likely than not to occur within the fifteen (15) Trading
Days following the Trading Day on which such Put Notice is deemed delivered).

 

(j)       NO
VIOLATION OF SHAREHOLDER APPROVAL REQUIREMENT. The issuance of the Put Shares shall not violate the shareholder approval requirements
of the Principal Market.

 

(k)       OFFICER’S
CERTIFICATE. On the date of delivery of each Put Notice, the Investor shall have received the Closing Certificate executed
by an executive officer of the Company and to the effect that all the conditions to such Closing shall have been satisfied as of
the date of each such certificate.

 

(l)       DWAC
ELIGIBLE. The Common Stock must be DWAC Eligible and not subject to a “DTC chill.”

 

(m)       SEC
DOCUMENTS. All reports, schedules, registrations, forms, statements, information and other documents required to have been
filed by the Company with the SEC pursuant to the reporting requirements of the Exchange Act (other than Forms 8-K) shall have
been filed with the SEC within the applicable time periods prescribed for such filings under the Exchange Act.

 

(n)       TRANSFER
AGENT INSTRUCTION LETTER. The Transfer Agent Instruction Letter shall have been executed and delivered by the Company to the
Transfer Agent and acknowledged and agreed to in writing by the Transfer Agent.

 

(o)       RESERVE.
The Company shall have reserved sufficient shares of its Common Stock for the Investor, pursuant to the terms of this Agreement
and all other contracts between the Company and Investor.

 

(p)       MINIMUM
PRICING. The lowest traded price of the Common Stock in the five (5) Trading Days immediately preceding the respective Put
Date must exceed $0.01 per share (the “Minimum Pricing”).

 

ARTICLE VIII

LEGENDS

 

Section 8.1 NO
RESTRICTIVE STOCK LEGEND. No restrictive stock legend shall be placed on the share certificates
representing the Put Shares.

 

Section 8.2 INVESTOR’S
COMPLIANCE. Nothing in this Article VIII shall affect in any way the Investor’s obligations
hereunder to comply with all applicable securities laws upon the sale of the Common Stock.

 

 

 

 

    	 	10	 

     

    

 

ARTICLE IX

NOTICES; INDEMNIFICATION

 

Section 9.1 NOTICES.
All notices, demands, requests, consents, approvals, and other communications required or permitted hereunder shall be in writing
and, unless otherwise specified herein, shall be (a) personally served, (b) deposited in the mail, registered or certified, return
receipt requested, postage prepaid, (c) delivered by reputable air courier service with charges prepaid, or (d) transmitted by
hand delivery, telegram, or email as a PDF, addressed as set forth below or to such other address as such party shall have specified
most recently by written notice given in accordance herewith. Any notice or other communication required or permitted to be given
hereunder shall be deemed effective (i) upon hand delivery or delivery by email at the address designated below (if delivered
on a business day during normal business hours where such notice is to be received), or the first business day following such
delivery (if delivered other than on a business day during normal business hours where such notice is to be received) or (ii)
on the second business day following the date of mailing by express courier service or on the fifth business day after deposited
in the mail, in each case, fully prepaid, addressed to such address, or upon actual receipt of such mailing, whichever shall first
occur.

 

The addresses for such
communications shall be:

 

If to the Company:

 

Ocean Thermal Energy Corporation

800 South Queen Street

Lancaster, PA 17603

Email: info@otecorporation.com

Attention: Jeremy Feakins, CEO

 

If to the Investor:
L2 Capital, LLC

 

8900 State Line Rd., Suite 410

Leawood, KS 66206

Email: investments@ltwocapital.com

Attention: Adam Long, Managing Partner

 

Either party hereto may from time to time
change its address or email for notices under this Section 9.1 by giving at least ten (10) days’ prior written notice of
such changed address to the other party hereto.

 

Section 9.2 INDEMNIFICATION.
Each party (an “Indemnifying Party”) agrees to indemnify and hold harmless the other party along with its officers,
directors, employees, and authorized agents, and each Person or entity, if any, who controls such party within the meaning of
Section 15 of the Securities Act or Section 20 of the Exchange Act (an “Indemnified Party”) from and against any Damages,
joint or several, and any action in respect thereof to which the Indemnified Party becomes subject to, resulting from, arising
out of or relating to (i) any misrepresentation, breach of warranty or nonfulfillment of or failure to perform any covenant or
agreement on the part of the Indemnifying Party contained in this Agreement, (ii) any untrue statement or alleged untrue statement
of a material fact contained in the Registration Statement or any post-effective amendment thereof or supplement thereto, or the
omission or alleged omission therefrom of a material fact required to be stated therein or necessary to make the statements therein
not misleading, (iii) any untrue statement or alleged untrue statement of a material fact contained in any preliminary prospectus
or contained in the final prospectus (as amended or supplemented, if the Company files any amendment thereof or supplement thereto
with the SEC) or the omission or alleged omission to state therein any material fact necessary to make the statements made therein,
in the light of the circumstances under which the statements therein were made, not misleading, or (iv) any violation or alleged
violation by the Company of the Securities Act, the Exchange Act, any state securities law or any rule or regulation under the
Securities Act, the Exchange Act or any state securities law, as such Damages are incurred, except to the extent such Damages
result primarily from the Indemnified Party’s failure to perform any covenant or agreement contained in this Agreement or
the Indemnified Party’s negligence, recklessness or bad faith in performing its obligations under this Agreement; provided,
however, that the foregoing indemnity agreement shall not apply to any Damages of an Indemnified Party to the extent, but only
to the extent, arising out of or based upon any untrue statement or alleged untrue statement or omission or alleged omission made
by an Indemnifying Party in reliance upon and in conformity with written information furnished to the Indemnifying Party by the
Indemnified Party expressly for use in the Registration Statement, any post-effective amendment thereof or supplement thereto,
or any preliminary prospectus or final prospectus (as amended or supplemented).

 

 

 

    	 	11	 

     

    

 

Section 9.3 METHOD
OF ASSERTING INDEMNIFICATION CLAIMS. All claims for indemnification by any Indemnified Party
under Section 9.2 shall be asserted and resolved as follows:

 

(a)       In
the event any claim or demand in respect of which an Indemnified Party might seek indemnity under Section 9.2 is asserted against
or sought to be collected from such Indemnified Party by a Person other than a party hereto or an affiliate thereof (a “Third
Party Claim”), the Indemnified Party shall deliver a written notification, enclosing a copy of all papers served, if
any, and specifying the nature of and basis for such Third Party Claim and for the Indemnified Party’s claim for indemnification
that is being asserted under any provision of Section 9.2 against an Indemnifying Party, together with the amount or, if not then
reasonably ascertainable, the estimated amount, determined in good faith, of such Third Party Claim (a “Claim Notice”)
with reasonable promptness to the Indemnifying Party. If the Indemnified Party fails to provide the Claim Notice with reasonable
promptness after the Indemnified Party receives notice of such Third Party Claim, the Indemnifying Party shall not be obligated
to indemnify the Indemnified Party with respect to such Third Party Claim to the extent that the Indemnifying Party’s ability
to defend has been prejudiced by such failure of the Indemnified Party. The Indemnifying Party shall notify the Indemnified Party
as soon as practicable within the period ending thirty (30) calendar days following receipt by the Indemnifying Party of either
a Claim Notice or an Indemnity Notice (as defined below) (the “Dispute Period”) whether the Indemnifying Party
disputes its liability or the amount of its liability to the Indemnified Party under Section 9.2 and whether the Indemnifying Party
desires, at its sole cost and expense, to defend the Indemnified Party against such Third Party Claim.

 

(i)       If
the Indemnifying Party notifies the Indemnified Party within the Dispute Period that the Indemnifying Party desires to defend the
Indemnified Party with respect to the Third Party Claim pursuant to this Section 9.3(a), then the Indemnifying Party shall have
the right to defend, with counsel reasonably satisfactory to the Indemnified Party, at the sole cost and expense of the Indemnifying
Party, such Third Party Claim by all appropriate proceedings, which proceedings shall be vigorously and diligently prosecuted by
the Indemnifying Party to a final conclusion or will be settled at the discretion of the Indemnifying Party (but only with the
consent of the Indemnified Party in the case of any settlement that provides for any relief other than the payment of monetary
damages or that provides for the payment of monetary damages as to which the Indemnified Party shall not be indemnified in full
pursuant to Section 9.2). The Indemnifying Party shall have full control of such defense and proceedings, including any compromise
or settlement thereof; provided, however, that the Indemnified Party may, at the sole cost and expense of the Indemnified
Party, at any time prior to the Indemnifying Party’s delivery of the notice referred to in the first sentence of this clause
(i), file any motion, answer or other pleadings or take any other action that the Indemnified Party reasonably believes to be necessary
or appropriate to protect its interests; and provided, further, that if requested by the Indemnifying Party, the
Indemnified Party will, at the sole cost and expense of the Indemnifying Party, provide reasonable cooperation to the Indemnifying
Party in contesting any Third Party Claim that the Indemnifying Party elects to contest. The Indemnified Party may participate
in, but not control, any defense or settlement of any Third Party Claim controlled by the Indemnifying Party pursuant to this clause
(i), and except as provided in the preceding sentence, the Indemnified Party shall bear its own costs and expenses with respect
to such participation. Notwithstanding the foregoing, the Indemnified Party may takeover the control of the defense or settlement
of a Third Party Claim at any time if it irrevocably waives its right to indemnity under Section 9.2 with respect to such Third
Party Claim.

 

(ii)       If
the Indemnifying Party fails to notify the Indemnified Party within the Dispute Period that the Indemnifying Party desires to defend
the Third Party Claim pursuant to Section 9.3(a), or if the Indemnifying Party gives such notice but fails to prosecute vigorously
and diligently or settle the Third Party Claim, or if the Indemnifying Party fails to give any notice whatsoever within the Dispute
Period, then the Indemnified Party shall have the right to defend, at the sole cost and expense of the Indemnifying Party, the
Third Party Claim by all appropriate proceedings, which proceedings shall be prosecuted by the Indemnified Party in a reasonable
manner and in good faith or will be settled at the discretion of the Indemnified Party(with the consent of the Indemnifying Party,
which consent will not be unreasonably withheld). The Indemnified Party will have full control of such defense and proceedings,
including any compromise or settlement thereof; provided, however, that if requested by the Indemnified Party, the Indemnifying
Party will, at the sole cost and expense of the Indemnifying Party, provide reasonable cooperation to the Indemnified Party and
its counsel in contesting any Third Party Claim which the Indemnified Party is contesting. Notwithstanding the foregoing provisions
of this clause (ii), if the Indemnifying Party has notified the Indemnified Party within the Dispute Period that the Indemnifying
Party disputes its liability or the amount of its liability hereunder to the Indemnified Party with respect to such Third Party
Claim and if such dispute is resolved in favor of the Indemnifying Party in the manner provided in clause (iii) below, the Indemnifying
Party will not be required to bear the costs and expenses of the Indemnified Party’s defense pursuant to this clause (ii)
or of the Indemnifying Party’s participation therein at the Indemnified Party’s request, and the Indemnified Party
shall reimburse the Indemnifying Party in full for all reasonable costs and expenses incurred by the Indemnifying Party in connection
with such litigation. The Indemnifying Party may participate in, but not control, any defense or settlement controlled by the Indemnified
Party pursuant to this clause (ii), and the Indemnifying Party shall bear its own costs and expenses with respect to such participation.

 

 

 

    	 	12	 

     

    

 

(iii)       If
the Indemnifying Party notifies the Indemnified Party that it does not dispute its liability or the amount of its liability to
the Indemnified Party with respect to the Third Party Claim under Section 9.2 or fails to notify the Indemnified Party within the
Dispute Period whether the Indemnifying Party disputes its liability or the amount of its liability to the Indemnified Party with
respect to such Third Party Claim, the amount of Damages specified in the Claim Notice shall be conclusively deemed a liability
of the Indemnifying Party under Section 9.2 and the Indemnifying Party shall pay the amount of such Damages to the Indemnified
Party on demand. If the Indemnifying Party has timely disputed its liability or the amount of its liability with respect to such
claim, the Indemnifying Party and the Indemnified Party shall proceed in good faith to negotiate a resolution of such dispute;
provided, however, that if the dispute is not resolved within thirty (30) days after the Claim Notice, the Indemnifying
Party shall be entitled to institute such legal action as it deems appropriate.

 

(b)       In
the event any Indemnified Party should have a claim under Section 9.2 against the Indemnifying Party that does not involve a Third
Party Claim, the Indemnified Party shall deliver a written notification of a claim for indemnity under Section 9.2 specifying the
nature of and basis for such claim, together with the amount or, if not then reasonably ascertainable, the estimated amount, determined
in good faith, of such claim (an “Indemnity Notice”) with reasonable promptness to the Indemnifying Party. The
failure by any Indemnified Party to give the Indemnity Notice shall not impair such party’s rights hereunder except to the
extent that the Indemnifying Party demonstrates that it has been irreparably prejudiced thereby. If the Indemnifying Party notifies
the Indemnified Party that it does not dispute the claim or the amount of the claim described in such Indemnity Notice or fails
to notify the Indemnified Party within the Dispute Period whether the Indemnifying Party disputes the claim or the amount of the
claim described in such Indemnity Notice, the amount of Damages specified in the Indemnity Notice will be conclusively deemed a
liability of the Indemnifying Party under Section 9.2 and the Indemnifying Party shall pay the amount of such Damages to the Indemnified
Party on demand. If the Indemnifying Party has timely disputed its liability or the amount of its liability with respect to such
claim, the Indemnifying Party and the Indemnified Party shall proceed in good faith to negotiate a resolution of such dispute;
provided, however, that if the dispute is not resolved within thirty (30) days after the Claim Notice, the Indemnifying Party shall
be entitled to institute such legal action as it deems appropriate.

 

(c)       The
Indemnifying Party agrees to pay the Indemnified Party, promptly as such expenses are incurred and are due and payable, for any
reasonable legal fees or other reasonable expenses incurred by them in connection with investigating or defending any such Claim.

 

(d)       The
indemnity provisions contained herein shall be in addition to (i) any cause of action or similar rights of the Indemnified Party
against the Indemnifying Party or others, and (ii) any liabilities the Indemnifying Party may be subject to.

 

ARTICLE X

MISCELLANEOUS

 

Section 10.1 GOVERNING
LAW; JURISDICTION. This Agreement shall be governed by and interpreted in accordance with the
laws of the State of Nevada without regard to the principles of conflicts of law. Each of the Company and the Investor hereby
submits to the exclusive jurisdiction of the United States federal and state courts located in Kansas, County of Johnson, with
respect to any dispute arising under the Transaction Documents or the transactions contemplated thereby.

 

Section 10.2 JURY
TRIAL WAIVER. The Company and the Investor hereby waive a trial by jury in any action, proceeding
or counterclaim brought by either of the parties hereto against the other in respect of any matter arising out of or in connection
with the Transaction Documents.

 

Section 10.3 ASSIGNMENT.
This Agreement shall be binding upon and inure to the benefit of the Company and the Investor and their respective successors.
Neither this Agreement nor any rights of the Investor or the Company hereunder may be assigned by either party to any other Person.

 

Section 10.4 NO
THIRD PARTY BENEFICIARIES. This Agreement is intended for the benefit of the Company and the
Investor and their respective successors, and is not for the benefit of, nor may any provision hereof be enforced by, any other
Person, except as set forth in Section 9.3.

 

Section 10.5 TERMINATION.
The Company may terminate this Agreement at any time by written notice to the Investor, except while the Investor holds any of
the Put Shares. In addition, this Agreement shall automatically terminate on the earlier of (i) the end of the Commitment Period;
(ii) the date that the Company sells and the Investor purchases the Maximum Commitment Amount; or (iii) the date in which the
Registration Statement is no longer effective, or (iv) the date that, pursuant to or within the meaning of any Bankruptcy Law,
the Company commences a voluntary case or any Person commences a proceeding against the Company, a Custodian is appointed for
the Company or for all or substantially all of its property or the Company makes a general assignment for the benefit of its creditors;
provided, however, that the provisions of Articles III, IV, V, VI, IX and the agreements and covenants of the Company and the
Investor set forth in Article X shall survive the termination of this Agreement.

 

 

 

    	 	13	 

     

    

 

Section 10.6 ENTIRE
AGREEMENT. The Transaction Documents, together with the exhibits and schedules thereto, contain
the entire understanding of the Company and the Investor with respect to the matters covered herein and therein and supersede
all prior agreements and understandings, oral or written, with respect to such matters, which the parties acknowledge have been
merged into such documents, exhibits and schedules.

 

Section 10.7 FEES
AND EXPENSES. Except as expressly set forth in the Transaction Documents or any other writing
to the contrary, each party shall pay the fees and expenses of its advisers, counsel, accountants and other experts, if any, and
all other expenses incurred by such party incident to the negotiation, preparation, execution, delivery and performance of this
Agreement; provided that the Investor may withhold 8% of the Investment Amount associated with each applicable Put Notice for
the payment of the Company’s fees to Craft Capital Management, LLC, a registered broker-dealer. The Company shall pay all
Transfer Agent fees (including, without limitation, any fees required for same-day processing of any instruction letter delivered
by the Company), stamp taxes and other taxes and duties levied in connection with the delivery of any Securities to the Investor.
Upon execution of this Agreement, the Company shall issue the Commitment Shares to Investor for its commitment to enter into this
Agreement. The Commitment Shares shall be earned in full upon the execution of this Agreement, and the Commitment Shares are not
contingent upon any other event or condition, including but not limited to the effectiveness of the Registration Statement or
the Company’s submission of a Put Notice to the Investor. In addition, the Investor shall withhold $15,000.00 from the Investment
Amount with respect to the first Put under this Agreement for reimbursement of Investor’s legal fees relating to the preparation
of this Agreement.

 

Section 10.8 COUNTERPARTS.
This Agreement may be executed in multiple counterparts, each of which may be executed by less than all of the parties and shall
be deemed to be an original instrument which shall be enforceable against the parties actually executing such counterparts and
all of which together shall constitute one and the same instrument. This Agreement may be delivered to the other parties hereto
by email of a copy of this Agreement bearing the signature of the parties so delivering this Agreement.

 

Section 10.9 SEVERABILITY.
In the event that any provision of this Agreement becomes or is declared by a court of competent jurisdiction to be illegal, unenforceable
or void, this Agreement shall continue in full force and effect without said provision; provided that such severability shall
be ineffective if it materially changes the economic benefit of this Agreement to any party.

 

Section 10.10 FURTHER
ASSURANCES. Each party shall do and perform, or cause to be done and performed, all such further
acts and things, and shall execute and deliver all such other agreements, certificates, instruments and documents, as the other
party may reasonably request in order to carry out the intent and accomplish the purposes of this Agreement and the consummation
of the transactions contemplated hereby.

 

Section 10.11 NO
STRICT CONSTRUCTION. The language used in this Agreement will be deemed to be the language chosen
by the parties to express their mutual intent, and no rules of strict construction will be applied against any party.

 

Section 10.12 EQUITABLE
RELIEF. The Company recognizes that in the event that it fails to perform, observe, or discharge
any or all of its obligations under this Agreement, any remedy at law may prove to be inadequate relief to the Investor. The Company
therefore agrees that the Investor shall be entitled to temporary and permanent injunctive relief in any such case without the
necessity of proving actual damages.

 

Section 10.13 TITLE
AND SUBTITLES. The titles and subtitles used in this Agreement are used for the convenience
of reference and are not to be considered in construing or interpreting this Agreement.

 

Section 10.14 AMENDMENTS;
WAIVERS. No provision of this Agreement may be amended or waived by the parties from and after
the date that is one (1) Trading Day immediately preceding the initial filing of the Registration Statement with the SEC. Subject
to the immediately preceding sentence, (i) no provision of this Agreement may be amended other than by a written instrument signed
by both parties hereto and (ii) no provision of this Agreement may be waived other than in a written instrument signed by the
party against whom enforcement of such waiver is sought. No failure or delay in the exercise of any power, right or privilege
hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such power, right or privilege preclude
other or further exercise thereof or of any other right, power or privilege.

 

 

 

    	 	14	 

     

    

 

Section 10.15 PUBLICITY.
The Company and the Investor shall consult with each other in issuing any press releases or otherwise making public statements
with respect to the transactions contemplated hereby and no party shall issue any such press release or otherwise make any such
public statement, other than as required by law, without the prior written consent of the other parties, which consent shall not
be unreasonably withheld or delayed, except that no prior consent shall be required if such disclosure is required by law, in
which such case the disclosing party shall provide the other party with prior notice of such public statement. Notwithstanding
the foregoing, the Company shall not publicly disclose the name of the Investor without the prior written consent of the Investor,
except to the extent required by law. The Investor acknowledges that this Agreement and all or part of the Transaction Documents
may be deemed to be “material contracts,” as that term is defined by Item 601(b)(10) of Regulation S-K, and that the
Company may therefore be required to file such documents as exhibits to reports or registration statements filed under the Securities
Act or the Exchange Act. The Investor further agrees that the status of such documents and materials as material contracts shall
be determined solely by the Company, in consultation with its counsel.

 

[Signature Page Follows]

 

 

 

 

 

 

    	 	15	 

     

    

 

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

 

	 	OCEAN THERMAL ENERGY CORPORATION
	 	 
	 	 
	 	By:  /s/ Jeremy Feakins
	 	Name: Jeremy Feakins
	 	Title: Chief Executive Officer
	 	 
	 	 
	 	 
	 	 
	 	L2 CAPITAL, LLC
	 	 
	 	By: /s/ Adam Long
	 	Name: Adam Long
	 	Title: Managing Partner

 

 

[Signature Page to equity purchase agreement]

 

    	 	16	 

     

    

 

EXHIBIT A

 

FORM OF PUT NOTICE

TO: L2 CAPITAL, LLC

DATE: ______________________

 

We refer to the equity
purchase agreement, dated December 18, 2017 (the “Agreement”), entered into by and between Ocean Thermal Energy
Corporation and you. Capitalized terms defined in the Agreement shall, unless otherwise defined herein, have the same meaning when
used herein.

 

We hereby:

 

1)       Give
you notice that we require you to purchase ___________ Put Shares; and

 

2)       The
purchase price per share, pursuant to the terms of the Agreement, is ____________; and

 

3)       Certify
that, as of the date hereof, the conditions set forth in Section 7.2 of the Agreement are satisfied.

 

	 	OCEAN THERMAL ENERGY CORPORATION
	 	 
	 	 
	 	By: ____________________________
	 	Name: Jeremy Feakins
	 	Title: Chief Executive Officer

 

 

 

    	 	17	 

     

    

 

EXHIBIT B

 

FORM
OF OFFICER’S CERTIFICATE

OF OCEAN THERMAL ENERGY CORPORATION

 

Pursuant
to Section 7.2(k) of that certain equity purchase agreement, dated December 18, 2017 (the “Agreement”), by and
between Ocean Thermal Energy Corporation (the “Company”) and L2 Capital, LLC (the “Investor”),
the undersigned, in his capacity as Chief Executive Officer of the Company, and not in his individual capacity, hereby certifies,
as of the date hereof (such date, the “Condition Satisfaction Date”), the following:

 

1.       The
representations and warranties of the Company are true and correct in all material respects as of the Condition Satisfaction Date
as though made on the Condition Satisfaction Date (except for representations and warranties specifically made as of a particular
date) with respect to all periods, and as to all events and circumstances occurring or existing to and including the Condition
Satisfaction Date, except for any conditions which have temporarily caused any representations or warranties of the Company set
forth in the Agreement to be incorrect and which have been corrected with no continuing impairment to the Company or the Investor;
and

 

2.       All
of the conditions precedent to the obligation of the Investor to purchase Put Shares set forth in the Agreement, including but
not limited to Section 7.2 of the Agreement, have been satisfied as of the Condition Satisfaction Date.

 

Capitalized terms used
herein shall have the meanings set forth in the Agreement unless otherwise defined herein.

 

IN WITNESS WHEREOF,
the undersigned has hereunto affixed his hand as of the ____________, 2017.

 

 

	 	By: _______________________
	     	Name: Jeremy Feakins
	 	Title: Chief Executive Officer

 

 

 

 

    	 	18	 

     

    

 

 

EXHIBIT C

 

FORM OF TRANSFER AGENT

INSTRUCTION LETTER

 

 

 

 

 

 

 

 

 

    	 	19	 

     

    

SCHEDULE 4.3

 

Capitalization

 

The Company currently is
raising funds of up to $500,000 pursuant to an offering of Unsecured Promissory Notes, where investors will receive warrants to
purchase 10,000 shares of the Company’s common stock (for each $50,000 in notes purchased) exercisable for 3 years at an
exercise price equal to 85% of the closing market price of the Company’s common stock the day before exercise. The notes
are not convertible.

 

On November 21, 2017, the
Company entered into that certain Consulting Agreement with EquiNet, LLC, pursuant to which the Company issued to EquiNet 250,000
shares of the Company’s common stock.

 

On November 15, 2017, the
Company entered into that certain Consulting Agreement with StockWatchIndex LLC, pursuant to which the Company issued to StockWatchIndex
LLC 200,000 shares of the Company’s common stock.

 

 

 

 

 

 

 

 

 

 

 

    	 	20	 

     

    

 

SCHEDULE 4.9

 

Litigation

 

The Company has filed a complaint
in Memphis, Tennessee against an investment firm and its principals relating to the failure to fund the Company as required pursuant
to the terms of an agreement. The dispute currently is in mediation. No counterclaims have been filed against the Company.

 

 

 

 

 

 

 

 

 

 

    	 	21

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