Document:

EX-10.10

 Exhibit 10.10 

SIXTH AMENDMENT TO CREDIT AGREEMENT 

SIXTH AMENDMENT (this “Amendment”), dated as of March 15, 2019, to the Term Loan Credit Agreement dated as of
June 30, 2015 (as amended, supplemented, amended and restated or otherwise modified from time to time, including by this Amendment, the “Credit Agreement”), among Horizon Global Corporation (the “Borrower”),
the subsidiaries of the Borrower party hereto as guarantors, the several banks and other financial institutions or entities from time to time party thereto (the “Lenders”), and JPMorgan Chase Bank, N.A., as Administrative Agent (in
such capacity, the “Administrative Agent”). 
 W I T N E S S E T H : 

WHEREAS, the parties hereto are parties to the Credit Agreement; 

WHEREAS, the Borrower and the Required Lenders wish to amend the Credit Agreement as described herein; 

WHEREAS, the Borrower and the Required Lenders wish to instruct the Administrative Agent to enter into certain agreements as specified
herein. 
 NOW, THEREFORE, in consideration of the premises and of the mutual covenants herein contained and for other good and valuable
consideration, the receipt of which is hereby acknowledged, the parties hereto, which include all Loan Parties as of the date hereof, agree as follows: 

SECTION 1.    DEFINITIONS. Unless otherwise defined herein, capitalized terms which are defined in the Credit
Agreement are used herein as therein defined. 
 SECTION 2.    AMENDMENTS. 

(a) With effect as of the Effective Date, the Credit Agreement is hereby amended with the stricken text deleted (indicated textually in the
same manner as the following example: stricken text) and with the double-underlined text added (indicated textually in the
same manner as the following example: double-underlined text) as set forth
in the pages of the Credit Agreement attached as Exhibit A-1 hereto. 
 (b) With effect as of
the Effective Date, the Credit Agreement is hereby further amended by replacing the below described Schedules to the Credit Agreement with the following Schedules attached as Exhibit A-2 hereto: 

 

					
	Schedule 6.01	 	–	  	Existing Indebtedness as of Sixth Amendment Effective Date
			
	Schedule 6.02	 	–	  	Existing Liens as of Sixth Amendment Effective Date
			
	Schedule 6.04	 	–	  	Existing Investments as of Sixth Amendment Effective Date

 SECTION 3.    AUTHORIZATIONS AND INSTRUCTIONS. The Lenders party thereto,
which collectively constitute the Required Lenders, hereby instruct and authorize the Administrative Agent, solely in its capacity as the Administrative Agent, to execute and deliver on the Effective Date (i) the new Term Intercreditor Agreement in
the form of Exhibit B hereto, (ii) the amendment to the existing ABL/Term Loan Intercreditor Agreement in the form of Exhibit C hereto and (iii) the amendment to the Guarantee and Collateral Agreement in the form of Exhibit D hereto. 

 SECTION 4.    CONDITIONS PRECEDENT. This Amendment shall become
effective as of the date (the “Effective Date”) of the satisfaction or waiver of each of the conditions precedent set forth in this Section 4. 

(a)        Execution and Delivery. The Administrative Agent shall have received
originals, facsimiles or copies in .pdf format unless otherwise specified, each properly executed, of (i) counterparts of this Amendment duly executed by each Loan Party, the Required Lenders, and the Administrative Agent, (ii) the Term
Intercreditor Agreement in the form of Exhibit B hereto, (iii) the amendment to the existing ABL/Term Loan Intercreditor Agreement in the form of Exhibit C hereto, (iv) the amendment to the ABL Credit Agreement, (v) the amendment to
the Guarantee and Collateral Agreement in the form of Exhibit D hereto, and (vi) the Junior Loan Documents. 

(b)        Junior Loan Documents. All conditions to the effectiveness of the
Junior Loan Documents shall have been satisfied and the Borrower shall have received or shall substantially simultaneously receive at least $50,000,000 of gross proceeds therefrom. 

(c)        Amendment Fee. The Borrower shall have paid to the Administrative
Agent for the account of each Lender executing a counterpart of this Amendment prior to 4:00 p.m., New York City time, on March 15, 2019, an amendment fee in an amount equal to 0.50% of such Lender’s Loans outstanding on the Effective
Date. 
 (d)        Prepayment of the Senior Loans; Release of Liens. The
Borrower shall have repaid the loans and other obligations under the Senior Credit Agreement pursuant to Section 2.11 of the Senior Credit Agreement in full in cash from the proceeds of the Junior Credit Agreement, the Senior Loan Documents
shall have been terminated (except for any provisions which by the terms thereof survive such termination) and the liens in respect of such loans shall have been released. 

(e)        Perfection Certificate. The Borrower shall have executed and
delivered a new Perfection Certificate and the Schedules in form and substance satisfactory to the Administrative Agent and the Required Lenders. 

(f)        Solvency Certificate. The Borrower shall have executed and delivered
a solvency certificate in form and substance satisfactory to the Administrative Agent and the Required Lenders. 

(g)        Fees and Expenses. The Borrower shall have paid to the
Administrative Agent, the Lenders party hereto, or their respective advisors, as appropriate, all fees and other amounts of the professionals listed on Exhibit F hereto, to the extent due and payable on or prior to the Effective Date, and in
each case, to the extent reasonably detailed invoices therefor have been received by the Borrower no later than 4:00 p.m., New York City time, on March 13, 2019. 

(h)        Foreign Collateral. The Borrower shall (i) cause each of the
following Subsidiaries of the Company organized in the Netherlands, the United Kingdom, Canada and Mexico to execute and deliver a joinder to the Guarantee and Collateral Agreement (in each case, in a form reasonably acceptable to the Required
Lenders) and (ii) cause to be perfected the liens on the assets of each such Subsidiary of the Company organized in the Netherlands and the United Kingdom to the extent such liens can be perfected by the filing of a UCC financing statement,
supplemental IP security agreements or delivery of requested possessory collateral: Cequent Electrical Products de Mexico, S. de R.L. de C.V., Cequent Mexico Holdings B.V., Cequent Nederland Holdings B.V.,

  
 2 

 
Cequent Sales Company de Mexico, S. de R.L. de C.V., Cequent Towing Products of Canada Ltd., and Cequent UK Limited. 

(i)        Legal Opinions. The Administrative Agent shall have received a
favorable written opinion (addressed to the Administrative Agent and the Lenders and dated the Effective Date) of Jones Day with respect to the Borrower and its Domestic Subsidiaries. The Borrower hereby requests such counsel to deliver such
opinions. 
 (j)        No Default. Both prior to and after giving effect to
this Amendment, no Default or Event of Default shall have occurred and be continuing on the Effective Date. 

(k)        Representations and Warranties. As of the Effective Date (both prior
to and after giving effect to this Amendment) all representations and warranties contained in Section 5 (other than the representations and warranties contained in Section 3.15) shall be true and correct in all material respects (and, with
respect to any representations and warranties that are qualified by materiality or reference to a “Material Adverse Effect” or contain a similar materiality qualification, in all respects). 

For the purpose of determining compliance with the conditions specified in this Section 4, each Lender that has signed
this Amendment shall be deemed to have accepted, and to be satisfied with, each document or other matter required under this Section 4. 

SECTION 5.    REPRESENTATIONS AND WARRANTIES. In order to induce the Required Lenders and the Administrative Agent
to enter into this Amendment, each Loan Party hereby represents and warrants to the Required Lenders and the Administrative Agent that (a) this Amendment has been duly authorized by all necessary organizational actions and, if required, actions
by equity holders of each Loan Party, (b) this Amendment has been duly executed and delivered by each Loan Party and constitutes a legal, valid and binding obligation of each Loan Party, enforceable in accordance with its terms, subject to
applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law and
(c) this Amendment will not violate or result in a default under any indenture, agreement or other instrument binding upon any Loan Party or any of their Subsidiaries or their assets, or give rise to a right thereunder to require any payment to
be made by any Loan Party or any of their Subsidiaries. 
 SECTION 6.    CONTINUING EFFECT. Except as expressly
amended, waived or modified hereby, the Loan Documents shall continue to be and shall remain in full force and effect in accordance with their respective terms. This Amendment shall not constitute an amendment, waiver or modification of any
provision of any Loan Document not expressly referred to herein and shall not be construed as an amendment, waiver or modification of any action on the part of the Borrower or the other Loan Parties that would require an amendment, waiver or consent
of the Administrative Agent or the Lenders except as expressly stated herein, or be construed to indicate the willingness of the Administrative Agent or the Lenders to further amend, waive or modify any provision of any Loan Document amended, waived
or modified hereby for any other period, circumstance or event. Except as expressly modified by this Amendment, the Credit Agreement and the other Loan Documents are ratified and confirmed and are, and shall continue to be, in full force and effect
in accordance with their respective terms. Except as expressly set forth herein, each Lender and the Administrative Agent reserves all of its rights, remedies, powers and privileges under the Credit Agreement, the other Loan Documents, applicable
law and/or equity. Any reference to the “Credit Agreement” in any Loan Document or any related documents shall be deemed to be a reference to the Credit Agreement as amended by this Amendment and the term “Loan Documents” in the
Credit Agreement and the other Loan Documents shall include this Amendment. 

  
 3 

 SECTION 7.    GOVERNING LAW. THIS AMENDMENT SHALL BE CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. 
 SECTION 8.    SUCCESSORS AND ASSIGNS. This Amendment shall
be binding upon and inure to the benefit of the Borrower, the other Loan Parties, the Administrative Agent, the other Agents and the Lenders, and each of their respective successors and assigns, and shall not inure to the benefit of any third
parties. The execution and delivery of this Amendment by any Lender prior to the Effective Date shall be binding upon its successors and assigns and shall be effective as to any Loans or Commitments assigned to it after such execution and delivery.

 SECTION 9.    ENTIRE AGREEMENT. This Amendment, the Credit Agreement and the other Loan Documents represent
the entire agreement of the Loan Parties, the Administrative Agent, the Agents, the Lenders and the Lenders, as applicable, with respect to the subject matter hereof and thereof, and there are no promises, undertakings, representations or warranties
by the Administrative Agent, any other Agent or any Lender relative to the subject matter hereof not expressly set forth or referred to herein or in the Credit Agreement or the other Loan Documents. 

SECTION 10.    RELEASE. Each of the Loan Parties (on behalf of itself and its Subsidiaries) for itself and for its
successors in title and assignees and, to the extent the same is claimed by right of, through or under any of the Loan Parties, for its past, present and future employees, agents, representatives (other than legal representatives), officers,
directors, shareholders, and trustees (each, a “Releasing Party” and collectively, the “Releasing Parties”), does hereby remise, release and discharge, and shall be deemed to have forever remised, released and
discharged, the Administrative Agent, each of the Lenders and each of the other Secured Parties in their respective capacities as such under the Loan Documents, and the Agent’s, each Lender’s and each other Secured Party’s respective successors-in-title, legal representatives and assignees, past, present and future officers, directors, affiliates, shareholders, trustees, agents, employees, consultants,
experts, advisors, attorneys and other professionals and all other persons and entities to whom the Agent, each of the Lenders and each of the other Secured Parties or any of their respective successors-in-title, legal representatives and assignees, past, present and future officers, directors, affiliates, shareholders, trustees, agents, employees, consultants, experts, advisors, attorneys and
other professionals would be liable if such persons or entities were found to be liable to any Releasing Party or any of them (collectively, hereinafter the “Releasees”), from any and all manner of action and actions, cause and
causes of action, claims, charges, demands, counterclaims, crossclaims, suits, debts, dues, sums of money, accounts, reckonings, bonds, bills, specialties, covenants, contracts, rights of setoff and recoupment, controversies, damages, judgments,
expenses, executions, liens, claims of liens, claims of costs, penalties, attorneys’ fees, or any other compensation, recovery or relief on account of any liability, obligation, demand or cause of action of whatever nature, whether in law,
equity or otherwise (including, without limitation, any claims relating to (i) the making or administration of the Loans, including, without limitation, any such claims and defenses based on fraud, mistake, duress, usury or misrepresentation,
or any other claim based on so-called “lender liability” theories, (ii) any covenants, agreements, duties or obligations set forth in the Loan Documents, (iii) increased financing costs,
interest or other carrying costs, (iv) penalties, (v) lost profits or loss of business opportunity, (vi) legal, accounting and other administrative or professional fees and expenses and incidental, consequential and punitive damages
payable to third parties, (vii) damages to business reputation, or (viii) any claims arising under 11 U.S.C. §§ 541-550 or any claims for avoidance or recovery under any other federal,
state or foreign law equivalent), whether known or unknown, fixed or contingent, joint and/or several, secured or unsecured, due or not due, primary or secondary, liquidated or unliquidated, contractual or tortious, direct, indirect, or derivative,
asserted or unasserted, foreseen or unforeseen, suspected or unsuspected, now existing, heretofore existing or which may heretofore accrue against any of the Releasees, and which are, in each case, based on any act, fact, event or omission or other
matter, cause or thing occurring at any time prior to or on the date hereof, directly or indirectly arising out of, connected with or relating to this 

  
 4 

 
Amendment, the Credit Agreement or any other Loan Document and the transactions contemplated hereby or thereby, and all other agreements, certificates, instruments and other documents and
statements (whether written or oral) related to any of the foregoing (each, a “Claim” and collectively, the “Claims”); provided, that, no Releasing Party shall have any obligation with respect to Claims to the
extent such Claims are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the gross negligence, willful misconduct or bad faith of any Releasee. Each Releasing Party further stipulates and
agrees with respect to all Claims, that it hereby waives, to the fullest extent permitted by applicable law, any and all provisions, rights, and benefits conferred by any applicable U.S. federal or state law, or any principle of common law, that
would otherwise limit a release or discharge of any unknown Claims pursuant to this Section 11. The Borrower and the other Loan Parties, on behalf of itself and its successors, assigns, and other legal representatives, hereby absolutely,
unconditionally and irrevocably, covenants and agrees with and in favor of each Releasee that it will not sue (at law, in equity, in any regulatory proceeding or otherwise) any Releasee on the basis of any Claim released, remised and discharged by
the Borrower or any other Loan Parties pursuant to this Section 11. If the Borrower, any other Loan Party or any of its successors, assigns or other legal representatives violates the foregoing covenant, the Borrower and other Loan Parties,
each for itself and its successors, assigns and legal representatives, agrees to pay, in addition to such other damages as any Releasee may sustain as a result of such violation, all reasonable and documented attorneys’ fees and costs incurred
by any Releasee as a result of such violation. Each of the Releasing Parties hereby acknowledges that this release constitutes a material inducement to enter into this Amendment, that each Releasee has already relied on this release in entering into
this Amendment, and that each Releasee will continue to rely on this release in its related future dealings. Each of the Releasing Parties hereby further warrants and represents that it has reviewed the terms of this Section 11 with its legal
counsel and that it knowingly and voluntarily enters into the release contained in this Section 11 following consultation with legal counsel. This release is irrevocable, meaning that it may not be modified either orally or in writing (other
than by a mutual written waiver specifically referring to this Section 11 and executed by each of the parties hereto). 
 SECTION
11.    LOAN DOCUMENT. This Amendment is a Loan Document executed pursuant to the Credit Agreement and shall (unless otherwise expressly indicated herein) be construed, administered and applied in accordance with the terms
and provisions of the Credit Agreement. 
 SECTION 12.    COUNTERPARTS. This Amendment may be executed by the
parties hereto in any number of separate counterparts and all of said counterparts taken together shall be deemed to constitute one and the same instrument. An executed signature page of this Amendment may be delivered by facsimile transmission or
electronic PDF of the relevant signature page hereof. 
 SECTION 13.    HEADINGS. Section headings used in this
Amendment are for convenience of reference only, are not part of this Amendment and are not to affect the construction of, or to be taken into consideration in interpreting, this Amendment. 

SECTION 14.    LOAN PARTY ACKNOWLEDGMENTS 

14.1                       
   Each Loan Party hereby (i) expressly acknowledges the terms of the Credit Agreement as amended by the Amendment, (ii) ratifies and affirms its obligations under the Loan Documents (including guarantees and security
agreements) to which it is a party, (iii) acknowledges, renews and extends its continued liability under all such Loan Documents and agrees such Loan Documents remain in full force and effect, (iv) agrees that each Security Document
secures all Obligations of the Loan Parties in accordance with the terms thereof and (v) further confirms that each Loan Document to which it is a party is and shall continue to be in full force and effect and the same are hereby ratified and
confirmed in all respects. 

  
 5 

14.2                       
   Each Loan Party hereby reaffirms, as of the Effective Date, (i) the covenants and agreements contained in each Loan Document to which it is a party, including, in each case, such covenants and agreements as in effect
immediately after giving effect to this Agreement and the transactions contemplated thereby, and (ii) its guarantee of payment of the Obligations pursuant to the Guarantee and Collateral Agreement and its grant of Liens on the Collateral to
secure the Obligations. 
 [remainder of page intentionally left blank] 

  
 6 

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

			
	 HORIZON GLOBAL CORPORATION,

as the Borrower

		
	By:	 	 /s/ Brian Whittman

		 	Name:  Brian Whittman
		 	Title:  Vice President, Finance
	
	HORIZON GLOBAL COMPANY LLC
		
	By:	 	/s/ Brian Whittman                                 
   
		 	Name:  Brian Whittman
		 	Title:  Vice President, Finance
	
	HORIZON GLOBAL AMERICAS INC.
		
	By:	 	/s/ Brian Whittman                                 
   
		 	Name:     Brian Whittman
		 	Title:     Vice President, Finance
	
	HORIZON INTERNATIONAL HOLDINGS LLC
		
	By:	 	/s/ Brian
Whittman                                    
		 	Name: Brian Whittman
		 	Title: Vice President, Finance

  
 [Signature Page to Sixth
Amendment] 

 
			
	JPMORGAN CHASE BANK, N.A., as Administrative Agent
		
	By:	 	  /s/ Krys Szremski                               
         
		 	Name: Krys Szremski
		 	Title: Executive Director

  
 [Signature Page to Sixth
Amendment] 

 
	
	CORRE OPPORTUNITIES QUALIFIED MASTER FUND, LP, as a Lender
	
	By: /s/ John Barrett                                
                              
	 Name: John Barrett

	 Title: Managing Partner

	
	 CORRE OPPORTUNITIES II MASTER FUND, LP, as
 a
Lender

	
	By: /s/ John
Barrett                                        
                      
	 Name: John Barrett

	 Title: Managing Partner

	
	CORRE HORIZON FUND, LP, as a Lender
	
	By: /s/ John
Barrett                                        
                      
	 Name: John Barrett

	 Title: Managing Partner

  
 [Signature Page to Sixth
Amendment] 

 
	
	 ATRIUM VIII
 ATRIUM IX

	 ATRIUM XII
 ATRIUM XIV

	MADISON PARK FUNDING X, LTD.
	MADISON PARK FUNDING XI, LTD.
	MADISON PARK FUNDING XII, LTD.
	MADISON PARK FUNDING XIII, LTD.
	MADISON PARK FUNDING XIV, LTD.
	MADISON PARK FUNDING XV, LTD.
	MADISON PARK FUNDING XVI, LTD.
	MADISON PARK FUNDING XVII, LTD.
	MADISON PARK FUNDING XVIII, LTD.
	MADISON PARK FUNDING XX, LTD.
	MADISON PARK FUNDING XXI, LTD.
	MADISON PARK FUNDING XXII, LTD.
	ONE ELEVEN FUNDING I, LTD.
	ONE ELEVEN FUNDING II, LTD.
	By: Credit Suisse Asset Management, LLC, as portfolio manager
	
	BENTHAM HIGH YIELD FUND
	By: Credit Suisse Asset Management, LLC, as agent (sub-advisor) for Challenger Investment Services Limited, the Responsible Entity for Bentham High Yield Fund
	
	CREDIT SUISSE FLOATING RATE HIGH INCOME FUND
	CREDIT SUISSE STRATEGIC INCOME FUND
	By: Credit Suisse Asset Management, LLC, as investment advisor
	
	THE CITY OF NEW YORK GROUP TRUST
	By: Credit Suisse Asset Management, LLC, as its manager
	
	CREDIT SUISSE NOVA (LUX)
	By: Credit Suisse Asset Management, LLC or Credit Suisse Asset Management Limited, each as a Co- Investment Adviser to Credit Suisse Fund Management S.A., management company for Credit Suisse
Nova (Lux)
	
	MADISON PARK FUNDING XIX, LTD.
	MADISON PARK FUNDING XXIII, LTD.
	MADISON PARK FUNDING XXIV, LTD.
	MADISON PARK FUNDING XXV, LTD.
	By: Credit Suisse Asset Management, LLC, as collateral manager
	
	DOLLAR SENIOR LOAN FUND, LTD.
	DOLLAR SENIOR LOAN FUND II, LTD.
	RENAISSANCE INVESTMENT HOLDINGS LTD.
	By Credit Suisse Asset Management, LLC, as investment manager
	
	DAVINCI REINSURANCE LTD.
	By: Credit Suisse Asset Management, LLC, as investment manager for DaVinci Reinsurance Holdings, Ltd., the owner of DaVinci Reinsurance Ltd.
	
	KP FIXED INCOME FUND
	By: Credit Suisse Asset Management, LLC, as Sub-Adviser for Callan Associates Inc., the Adviser for the KP Funds, the Trust for KP Fixed Income Fund,
	
	as Lenders
	
	By: /s/
Thomas Flannery                                      
  
	 Name: Thomas Flannery

	 Title: Authorized Signatory

 
	
	 KCOF Management VIII, L.L.C.,

as a Lender

	
	By: /s/ Albert Scheer                                
                
	 Name: Albert Scheer

	 Title: Vice President

 
	
	MONROE CAPITAL BSL CLO 2015-1, LTD.
	
	BY: Monroe Capital Management LLC, as Collateral Manager and Attorney-in Fact
	
	By: /s/ Jeffrey Williams                               
         
	 Name: Jeffrey Williams

	 Title: Managing Director

 
			
	Eaton Vance CLO 2013-1 Ltd.
	By:	 	Eaton Vance Management
	Portfolio Manager
	
	as a Lender
		
	By:	 	/s/ Michael B. Botthof                            
		 	      Name: Michael B. Botthof
		 	      Title: Vice President

					
		 	BTC Holdings Fund I, LLC,
		 	By: Blue Torch Credit Opportunities Fund I LP, its sole member
		 	By: Blue Torch Credit Opportunities GP LLC, its general partner, as a Lender
			
		 	By:	 	/s/ Gary Manowitz                            
		 		 	      Name: Gary Manowitz
		 		 	      Title: CFO
		
		 	BTC Holdings SC Fund LLC,
		 	By: Blue Torch Credit Opportunities SC Master Fund LP, its sole member
		 	By: Blue Torch Credit Opportunities SC GP LLC, its General Partner, as a Lender
			
		 	By:	 	/s/ Gary Manowitz                            
		 		 	      Name: Gary Manowitz
		 		 	      Title: CFO
		
		 	SWISS CAPITAL BTC PRIVATE DEBT OFFSHORE SP,
		 	By: Blue Torch Capital LP, acting solely in its capacity as Investment Advisor to the Manager of Swiss Capital BTC Private Debt Offshore Fund SP, a segregated portfolio of Swiss Capital Private Debt (Offshore) Funds SPC,
as a Lender
			
		 	By:	 	/s/ Gary Manowitz                            
		 		 	      Name: Gary Manowitz
		 		 	      Title: CFO
		
		 	SC BTC PRIVATE DEBT FUND LP,
		 	By: Blue Torch Capital LP, acting solely in its capacity as Investment Advisor to the Manager of SC BTC Private Debt Fund LP, as a Lender
			
		 	By:	 	/s/ Gary Manowitz                            
		 		 	Name: Gary Manowitz
		 		 	Title: CFO

 
			
	 SOLUS SENIOR HIGH INCOME FUND LP,

as a Lender

	
	By: Solus Alternative Asset Management LP, its Investment Advisor
		
	By:	 	/s/ Gordon J. Yeager                            
		 	      Name: Gordon J. Yeager        
		 	      Title: Executive Vice President

 
			
	 COLUMBIA STRATEGIC INCOME FUND,

a series of Columbia Funds Series Trust I, as a Lender

		
	By:	 	/s/ Jerry R. Howard                            
		 	      Name: Jerry R. Howard
		 	      Title: Assistant Vice President

 
			
	 COLUMBIA FLOATING RATE FUND,

a series of Columbia Funds Series Trust II, as a Lender

		
	By:	 	/s/ Jerry R. Howard                            
		 	      Name:  Jerry R. Howard
		 	       Title:  Assistant Vice President

 
			
	 Cent CLO 19 Limited,

as a Lender

	By: Columbia Management Investment Advisers, LLC
	as Collateral Manager
		
	By:	 	/s/ Jerry R. Howard                            
		 	      Name: Jerry R. Howard
		 	      Title: Assistant Vice President

 
			
	 Cent CLO 20 Limited,

as a Lender

	By: Columbia Management Investment Advisers, LLC
	as Collateral Manager
		
	By:	 	/s/ Jerry R. Howard                            
		 	      Name: Jerry R. Howard
		 	      Title: Assistant Vice President

 
			
	 Cent CLO 21 Limited,

as a Lender

	By: Columbia Management Investment Advisers, LLC
	as Collateral Manager
		
	By:	 	/s/ Jerry R. Howard                            
		 	      Name: Jerry R. Howard
		 	      Title: Assistant Vice President

 
			
	Cent CLO 24 Limited,
	as a Lender
	By: Columbia Management Investment Advisers, LLC
	as Collateral Manager
		
	By:	 	/s/ Jerry R. Howard                            
		 	      Name: Jerry R. Howard
		 	      Title: Assistant Vice President

 
			
	 Cutwater 2014-I, LTD,

as a Lender

	as Assignee for and on behalf of the lender by its appointed investment manager/collateral manager, Insight North America LLC
		
	By:	 	/s/ John Bluemke                            
		 	      Name: John Bluemke
		 	      Title: Authorized Signatory

 
			
	CROWN POINT CLO II LTD.
	CROWN POINT CLO III, LTD.,
	as a Lender
		
	By:	 	/s/ Sajedur Rahman                            
		 	      Name: Sajedur Rahman
		 	      Title: Authorized Signatory

 EXHIBIT A-1 

Amendments to Credit Agreement 

See attached. 

 Exhibit A-1 to 

the FifthSixth Amendment 

[Conformed Credit Agreement Reflecting the First Amendment, dated as of September 19, 2016, Second Amendment, dated as of January 11, 2017 and
2017 Replacement Term Loan Amendment (Third Amendment), dated as of March 31, 2017, the Fourth Amendment, dated as of July 31, 2018, and the Fifth Amendment,
dated as of February 20, 2019 and the Sixth Amendment, dated as of March 15, 2019] 

TERM LOAN CREDIT AGREEMENT 
 dated
as of June 30, 2015, 
 among 

HORIZON GLOBAL CORPORATION, 
 The
Lenders Party Hereto, 
 JPMORGAN CHASE BANK, N.A., 

as Administrative Agent and Collateral Agent, 

BMO CAPITAL MARKETS CORP., 
 and

 WELLS FARGO SECURITIES, LLC, 

as Syndication Agents, 
 KEYBANC
CAPITAL MARKETS INC., 
 SIDOTI & COMPANY, LLC 

and 
 ROTH CAPITAL PARTNERS, LLC

 as Documentation Agents 
 J.P.
MORGAN SECURITIES LLC, 
 BMO CAPITAL MARKETS CORP., 

WELLS FARGO SECURITIES, LLC, 
 as
Joint Lead Arrangers and Joint Bookrunners1 
  

 
  

 
 1 With respect to the Fourth Amendment, JPMorgan Chase Bank, N.A. was the sole Lead Arranger and JPMorgan Chase Bank, N.A. was the sole Bookrunner. 

 TABLE OF CONTENTS 
  

					
	 	 	 	 	Page
	
	 ARTICLE I
  

DEFINITIONS

			
	 SECTION 1.01
	 	Defined Terms	 	1
	 SECTION 1.02
	 	Classification of Loans and Borrowings	 	3039
	 SECTION 1.03
	 	Terms Generally	 	3039
	 SECTION 1.04
	 	Accounting Terms; GAAP	 	3139
	  
 ARTICLE II

 
 THE CREDITS

			
	 SECTION 2.01
	 	Commitments	 	3140
	 SECTION 2.02
	 	Loans and Borrowings	 	3140
	 SECTION 2.03
	 	Requests for Borrowings	 	3240
	 SECTION 2.04
	 	[Reserved]	 	3341
	 SECTION 2.05
	 	[Reserved]	 	3341
	 SECTION 2.06
	 	Funding of Borrowings	 	3341
	 SECTION 2.07
	 	Interest Elections	 	3342
	 SECTION 2.08
	 	Termination and Reduction of Commitments	 	3443
	 SECTION 2.09
	 	Repayment of Loans; Evidence of Debt	 	3543
	 SECTION 2.10
	 	Amortization of Term Loans	 	3544
	 SECTION 2.11
	 	Prepayment of Loans	 	3644
	 SECTION 2.12
	 	Fees	 	3847
	 SECTION 2.13
	 	Interest	 	3847
	 SECTION 2.14
	 	Alternate Rate of Interest	 	3848
	 SECTION 2.15
	 	Increased Costs	 	3949
	 SECTION 2.16
	 	Break Funding Payments	 	4049
	 SECTION 2.17
	 	Taxes	 	4050
	 SECTION 2.18
	 	Payments Generally; Pro Rata Treatment; Sharing of Set-offs	 	4353
	 SECTION 2.19
	 	Mitigation Obligations; Replacement of Lenders	 	4454
	 SECTION 2.20
	 	[Reserved].	 	4554
	 SECTION 2.21
	 	Incremental Facilities 45[Reserved]	 	54
	 SECTION 2.22
	 	[Reserved]	 	4758
	 SECTION 2.23
	 	Extensions	 	4758
	  
 ARTICLE III

 
 REPRESENTATIONS AND WARRANTIES

			
	 SECTION 3.01
	 	Organization; Powers	 	4859
	 SECTION 3.02
	 	Authorization; Enforceability	 	4959
	 SECTION 3.03
	 	Governmental Approvals; No Conflicts	 	4960

  
 -i- 

							
	 	 	 	  	Page	 
			
	 SECTION 3.04
	 	Financial Condition; No Material Adverse Change	  	 	4960	 
	 SECTION 3.05
	 	Properties	  	 	5061	 
	 SECTION 3.06
	 	Litigation and Environmental Matters	  	 	5061	 
	 SECTION 3.07
	 	Compliance with Laws and Agreements	  	 	5161	 
	 SECTION 3.08
	 	Investment Company Status	  	 	5146	 
	 SECTION 3.09
	 	Taxes	  	 	5146	 
	 SECTION 3.10
	 	ERISA	  	 	5146	 
	 SECTION 3.11
	 	Disclosure	  	 	5146	 
	 SECTION 3.12
	 	Subsidiaries	  	 	5146	 
	 SECTION 3.13
	 	Insurance	  	 	5247	 
	 SECTION 3.14
	 	Labor Matters	  	 	5247	 
	 SECTION 3.15
	 	Solvency	  	 	5247	 
	 SECTION 3.16
	 	Senior Indebtedness	  	 	5247	 
	 SECTION 3.17
	 	Security Documents	  	 	5247	 
	 SECTION 3.18
	 	Federal Reserve Regulations	  	 	5364	 
	 SECTION 3.19
	 	Anti-Corruption Laws and Sanctions	  	 	5364	 
	 SECTION 3.20
	 	Material Contracts	  	 	5348	 
	 SECTION 3.21
	 	EEA Financial Institutions	  	 	5449	 
	 SECTION 3.22
	 	Disclosure	  	 	49	 
	
	ARTICLE IV	  

	
	CONDITIONS	  

			
	 SECTION 4.01
	 	Closing Date	  	 	5464	 
	
	 ARTICLE V
  

AFFIRMATIVE COVENANTS
	  
 

 

			
	 SECTION 5.01
	 	Financial Statements and Other Information	  	 	5666	 
	 SECTION 5.02
	 	Notices of Material Events	  	 	5870	 
	 SECTION 5.03
	 	Information Regarding Collateral	  	 	5971	 
	 SECTION 5.04
	 	Existence; Conduct of Business	  	 	6072	 
	 SECTION 5.05
	 	Payment of Obligations	  	 	6056	 
	 SECTION 5.06
	 	Maintenance of Properties	  	 	6056	 
	 SECTION 5.07
	 	Insurance	  	 	6056	 
	 SECTION 5.08
	 	Casualty and Condemnation	  	 	6056	 
	 SECTION 5.09
	 	Books and Records; Cooperation; Inspection and Audit Rights
61; Lender Calls.	  	 	56	 
	 SECTION 5.10
	 	Compliance with Laws	  	 	6173	 
	 SECTION 5.11
	 	Use of Proceeds	  	 	6157	 
	 SECTION 5.12
	 	Additional Subsidiaries	  	 	6158	 
	 SECTION 5.13
	 	Further Assurances	  	 	6158	 
	 SECTION 5.14
	 	Ratings	  	 	6274	 
	
	 ARTICLE VI
  

NEGATIVE COVENANTS
	  
 

 

			
	 SECTION 6.01
	 	Indebtedness; Certain Equity Securities	  	 	6274	 

  
 -ii- 

							
	 	 	 	  	Page	 
			
	SECTION 6.02	 	Liens	  	 	6577	 
	SECTION 6.03	 	Fundamental Changes	  	 	6680	 
	SECTION 6.04	 	Investments, Loans, Advances, Guarantees and Acquisitions	  	 	6780	 
	SECTION 6.05	 	Asset Sales	  	 	6882	 
	SECTION 6.06	 	Sale and Leaseback Transactions	  	 	6983	 
	SECTION 6.07	 	Hedging Agreements	  	 	7083	 
	SECTION 6.08	 	Restricted Payments; Certain Payments of Indebtedness	  	 	7084	 
	SECTION 6.09	 	Transactions with Affiliates	  	 	7286	 
	SECTION 6.10	 	Restrictive Agreements	  	 	7287	 
	SECTION 6.11	 	Amendment of Material Documents	  	 	7287	 
	SECTION 6.12	 	[Reserved]	  	 	7388	 
	SECTION 6.13	 	Net Leverage Ratio 73Financial Covenants.	  	 	68	 
	SECTION 6.14	 	Use of Proceeds	  	 	7491	 
	
	ARTICLE VII	 
	
	EVENTS OF DEFAULT	 
	
	ARTICLE VIII	 
	
	THE AGENTS	 
	
	ARTICLE IX	 
	
	[RESERVED]	 
	
	ARTICLE X	 
	
	MISCELLANEOUS	 
			
	SECTION 10.01	 	Notices	  	 	7897	 
	SECTION 10.02	 	Waivers; Amendments	  	 	7997	 
	SECTION 10.03	 	Expenses; Indemnity; Damage Waiver	  	 	81100	 
	SECTION 10.04	 	Successors and Assigns	  	 	82101	 
	SECTION 10.05	 	Survival	  	 	85104	 
	SECTION 10.06	 	Counterparts; Integration; Effectiveness	  	 	85104	 
	SECTION 10.07	 	Severability	  	 	85104	 
	SECTION 10.08	 	Right of Setoff	  	 	85104	 
	SECTION 10.09	 	Governing Law; Jurisdiction; Consent to Service of Process	  	 	86105	 
	SECTION 10.10	 	WAIVER OF JURY TRIAL	  	 	86105	 
	SECTION 10.11	 	Headings	  	 	86105	 
	SECTION 10.12	 	Confidentiality	  	 	86106	 
	SECTION 10.13	 	Interest Rate Limitation	  	 	87106	 
	SECTION 10.14	 	Intercreditor Agreements	  	 	87107	 
	SECTION 10.15	 	Release of Liens and Guarantees	  	 	87107	 
	SECTION 10.16	 	PATRIOT Act	  	 	88108	 
	SECTION 10.17	 	No Fiduciary Duty	  	 	88108	 
	SECTION 10.18	 	Acknowledgement and Consent to Bail-In of EEA Financial Institutions	  	 	89108	 

  
 -iii- 

					
	 SCHEDULES:
	 		  	
			
	Schedule 2.01	 	—	  	Commitments
	Schedule 3.03	 	—	  	Governmental Approvals; No Conflicts
	Schedule 3.05	 	—	  	Real Property
	Schedule 3.06	 	—	  	Disclosed Matters
	Schedule 3.12	 	—	  	Subsidiaries
	Schedule 3.13	 	—	  	Insurance
	Schedule 3.20	 	—	  	Material Contracts
	Schedule 6.01	 	—	  	Existing Indebtedness
	Schedule 6.01A	 	—	  	Existing Indebtedness as of Fifththe Sixth Amendment
Effective Date
	Schedule 6.02	 	—	  	Existing Liens
	Schedule 6.02A	 	—	  	Existing Liens as of Fifththe Sixth Amendment
Effective Date
	Schedule 6.04	 	—	  	Existing Investments
	Schedule 6.04A	 	—	  	Existing Investments as of Fifththe Sixth Amendment Effective Date
	Schedule 6.05	 	—	  	Asset Sales
	Schedule 6.05A	 	—	  	Asset Sales as of Fifth Amendment Date
	Schedule 6.09	 	—	  	Existing Affiliate Transactions
	Schedule 6.10	 	—	  	Existing Restrictions as of Fifth Amendment Effective Date
			
	EXHIBITS:	 		  	
			
	Exhibit A	 	—	  	Form of Assignment and Assumption
	Exhibit B	 	—	  	Form of Borrowing Request
	Exhibit C	 	—	  	Form of Intercreditor Agreement[Reserved]
	Exhibit D	 	—	  	Form of Guarantee and Collateral Agreement
	Exhibit E	 	—	  	Form of U.S. Tax Certificate
	Exhibit F	 	—	  	Form of Perfection Certificate

  
 -iv- 

 TERM LOAN CREDIT AGREEMENT dated as of June 30, 2015 (this
“Agreement”), among HORIZON GLOBAL CORPORATION, the LENDERS party hereto and JPMORGAN CHASE BANK, N.A., as Administrative Agent and Collateral Agent. 

RECITALS: 
 In consideration of
the premises and the agreements, provisions and covenants herein contained, the parties hereto hereby agree as follows: 
 ARTICLE I 

Definitions 
 SECTION 1.01
Defined Terms. As used in this Agreement, the following terms have the meanings specified below: 
 “2017 Replacement Term
Loan Amendment” shall mean the 2017 Replacement Term Loan Amendment (Third Amendment to Credit Agreement), dated as of March 31, 2017, among the Borrower, the Lenders party thereto and the Administrative Agent. 

“2017 Replacement Term Loan Commitment” shall have the meaning set forth in the 2017 Replacement Term Loan Amendment. The
aggregate amount of the Lenders’ 2017 Replacement Term Commitments on the 2017 Replacement Term Loan Facility Effective Date is $160,000,000. 

“2017 Replacement Term Loan Facility” shall have the meaning set forth in the 2017 Replacement Term Loan Amendment. 

“2017 Replacement Term Loan Facility Effective Date” shall have the meaning set forth in the 2017 Replacement Term Loan
Amendment. 
 “2017 Replacement Term Loan Lender” means a Lender with a 2017 Replacement Term Loan Commitment or an
outstanding 2017 Replacement Term Loan. On and after the 2017 Replacement Term Loan Facility Effective Date, each reference to a “Term B Lender” in this Agreement shall be deemed to refer to a 2017 Replacement Term Loan Lender. 

“2017 Replacement Term Loans” shall have the meaning set forth in the 2017 Replacement Term Loan Amendment. 

“2018 Incremental Term Loan Commitments” has the meaning set forth in the Fourth Amendment. 

“2018 Incremental Term Loan Lender” means a Lender with a 2018 Incremental Term Loan Commitment or an outstanding 2018
Incremental Term Loan. On and after the Fourth Amendment Effective Date, each reference to a “Term B Lender” in this Agreement shall be deemed to refer to a 2018 Incremental Term Loan Lender. 

“2018 Incremental Term Loans” has the meaning set forth in the Fourth Amendment. 

“2018 Term Loans” means the 2017 Replacement Term Loans and the 2018 Incremental Term Loans. On and after the Fourth
Amendment Effective Date, each reference to a “Term B Loan” in 

 
this Agreement shall be deemed to refer to a 2018 Term Loan, except for such references in Section 4.01(g) and (m). 

“2018 Term Loan Commitment” means the 2017 Replacement Term Loan Commitment and the 2018 Incremental Term Loan Commitment.

 “ABL Agent” means Bank of America, N.A., as administrative agent and/or collateral agent, as applicable, under the ABL
Credit Agreement, and its successors and assigns. 
 “ABL Credit Agreement” means the ABL Credit Agreement to be dated as
of the Closing Date, among the Borrower, the Subsidiaries party thereto as borrowers, the lenders party thereto and Bank of America, N.A., as administrative agent and collateral agent, as such document or the credit facility thereunder may be
amended, restated, supplemented, replaced, refinanced or otherwise modified from time to time in accordance with the requirements thereof and of this Agreement. 

“ABL Guarantee and Collateral Agreement” means the Guarantee
and Collateral Agreement as defined in the ABL Credit Agreement. 
 “ABL Foreign Loan Party” means any
Foreign Subsidiary that is a party to the ABL Loan Documents as a borrower thereunder and/or is a party to any ABL Security Document as a grantor or guarantor thereunder. 

“ABL Guarantee and Collateral Agreement” means the Guarantee and
Collateral Agreement as defined in the ABL Credit Agreement. 
 “ABL
Loan” means a loan made pursuant to the ABL Credit Agreement. 
 “ABL Loan Documents” means collectively
(a) the ABL Credit Agreement, (b) the ABL Security Documents, (c) any promissory note evidencing loans under the ABL Credit Agreement and (d) any amendment, waiver, supplement or other modification to any of the documents
described in clauses (a) through (c), in each case as such documents may be amended, restated, supplemented, replaced, refinanced or otherwise modified from time to time in accordance with the requirements thereof and of this Agreement. 

“ABL Priority Collateral” has the meaning assigned to such term in the ABL/Term Loan Intercreditor Agreement. 

“ABL Security Documents” means the collective reference to the ABL Guarantee and Collateral Agreement, the Mortgages (as
defined in the ABL Credit Agreement) and all other security documents delivered to the ABL Administrative Agent granting a Lien on any property of any Person to secure the obligations and liabilities of any Loan Party under the ABL Credit Agreement
or the ABL Guarantee and Collateral Agreement, as such documents may be amended, restated, supplemented, replaced, refinanced or otherwise modified from time to time in accordance with the requirements thereof and of this Agreement. 

“ABL/Term Loan Intercreditor Agreement” means the Amended and
Restated Intercreditor Agreement, dated as of June 30, 2015 (as amended on the date hereof)the Sixth Amendment Effective Date, among the Borrower, the other Loan Parties, the Collateral Agent, the SeniorJunior Agent and the ABL Agent. 
  

  
 -2- 

 “ABR,” when used in reference to any Loan or Borrowing, refers to whether
such Loan, or the Loans comprising such Borrowing, are bearing interest at a rate determined by reference to the Alternate Base Rate. 
 “Acquisition Lease Financing” means any sale or transfer by the Borrower or any Subsidiary of any property, real or personal, that is acquired pursuant to a Permitted
Acquisition, in an aggregate amount not to exceed $20,000,000 at any time after the Closing Date, which property is rented or leased by the Borrower or such Subsidiary from the purchaser or transferee of such property, so long as the proceeds from
such transaction consist solely of cash. 
 “Adjusted LIBO Rate” means, with respect to any Eurocurrency
Borrowing for any Interest Period, an interest rate per annum equal to (a) the LIBO Rate for such Interest Period multiplied by (b) the Statutory Reserve Rate; provided that the Adjusted LIBO Rate shall not be less than 1.00% per
annum. 
 “Administrative Agent” means JPMCB, in its capacity as administrative agent for the Lenders hereunder. 

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

“Affiliate” means, with respect to a specified Person, another Person that directly, or indirectly through one or more
intermediaries, Controls or is Controlled by or is under common Control with the Person specified. 
 “Agents” means,
collectively, the Administrative Agent, the Collateral Agent, the Syndication Agents and the Documentation Agents. 

“Agreement” has the meaning assigned to such term in the preamble hereto. 

“Agreed Security
Principles” has the meaning assigned in the Guarantee and Collateral Agreement. 

“Alternate Base Rate” means, for any day, a rate per annum equal to the greatest of (a) the Prime Rate in effect on such
day, (b) the NYFRB Rate in effect on such day plus 1⁄2 of 1% and (c) the Adjusted LIBO Rate on such day (or if such day is not a Business Day, the immediately preceding Business Day) for a deposit in dollars with a maturity of one month
plus 1%; provided that the Alternate Base Rate shall not be less than 2.00% per annum. For purposes of clause (c) above, the Adjusted LIBO Rate on any day shall be the LIBO Rate, two Business Days prior to such day for deposits in dollars with
a maturity of one month. Any change in the Alternate Base Rate due to a change in the Prime Rate, the NYFRB or the Adjusted LIBO Rate shall be effective from and including the effective date of such change in the Prime Rate, the Federal Funds
Effective Rate or the Adjusted LIBO Rate, as the case may be. If the Alternate Base Rate is being used as an alternate rate of interest pursuant to Section 2.14 hereof, then the Alternate Base Rate shall be the greater of clause (a) and
(b) above and shall be determined without reference to clause (c) above. 

“Alternative Incremental Debt” means any Indebtedness
incurred by a Loan Party in the form of one or more series of secured or unsecured bonds, debentures, notes or similar instruments or in the form of loans; provided that: 

  
 -3- 

(a)        
if such Indebtedness is secured, (i) such Indebtedness shall be secured by Liens on the Collateral on a
pari passu or junior basis to the Liens on the Collateral securing the
Obligations (but, in each case, without regard to the control of remedies) and shall not be secured by any property or assets of the Borrower or any of the Subsidiaries other than the Collateral (provided that if
such Indebtedness is in the form of loans, it may be secured by Liens on the Collateral only on a junior basis to the Liens on the Collateral securing the Obligations), (ii) the security agreements relating to such Indebtedness shall be
substantially similar to the Security Documents (with such differences as are reasonably satisfactory to the Administrative Agent and other than, in the case of Indebtedness secured on a junior basis, with respect to priority) and (iii) such
Indebtedness shall be subject to a customary intercreditor agreement in form and substance reasonably satisfactory to the Administrative Agent, 

(b)        
such Indebtedness does not mature earlier than the date that is 91 days after the Latest Maturity Date in effect hereunder at the time of incurrence thereof and has a weighted
average life to maturity no shorter than the Latest Maturing Term Loans in effect at the time of incurrence of such Indebtedness, 

(c)        
the definitive documentation in respect of such Indebtedness (i) contains covenants, events of default and other terms that are customary for similar Indebtedness in light of
then-prevailing market conditions and (ii) shall not contain additional covenants or events of default not otherwise applicable to the Loans or covenants more restrictive than the covenants applicable to the Loans; provided that the foregoing clause (ii) shall not apply to covenants or events of default applicable
only to periods after the Latest Maturity Date in effect immediately prior to the establishment of such Indebtedness; provided further that any such Indebtedness may include additional covenants or events of default not otherwise applicable to the Loans or covenants more restrictive than the covenants applicable to the
Loans in each case prior to the Latest Maturity Date in effect immediately prior to the establishment of such Indebtedness so long as this Agreement is amended to provide all of the Lenders with the benefits of such additional covenants, events of
default or more restrictive covenants, 
 (d)        such
Indebtedness does not provide for any mandatory prepayment, redemption or repurchase (other than upon a change of control, fundamental change, conversion or exchange in the case of convertible or exchangeable Indebtedness, customary asset sale or
event of loss mandatory offers to purchase, and customary acceleration rights after an event of default) prior to the date that is 91 days after the Latest Maturity Date in effect hereunder at the time of incurrence of such Indebtedness;
provided that any such Indebtedness secured by Liens on the Collateral on a
pari passu basis with the Liens on the Collateral securing the Obligations (any such Indebtedness, “Pari Passu Alternative Incremental Debt”) may be subject to a mandatory prepayment offer from the Net Proceeds of any Prepayment Event so long as the holders of such Indebtedness receive no more than their ratable share of
such prepayment (such ratable share to be calculated by reference to the outstanding amount of such Indebtedness, the outstanding amount of the Loans hereunder and the outstanding amount of Pari Passu Permitted Term Loan Refinancing Indebtedness, in
each case immediately prior to such prepayment), 
 (e)        other
than with respect to Alternative Incremental Debt the proceeds of which shall be used to finance a Limited Conditionality Acquisition, at the time of incurrence of such Alternative Incremental Debt, (i) no Default or Event of Default shall have
occurred and be continuing, both immediately prior to and immediately after giving effect to the incurrence of such Alternative Incremental Debt and (ii) the representations and warranties of each Loan Party set forth in the Loan Documents shall be
true and correct in all material respects (or in all respects 

  
 -4- 

 
if qualified by materiality) on and as of such date; provided that with respect to Alternative Incremental Debt the proceeds of which shall be
used to finance a Limited Conditionality Acquisition, as of the date of entry into the applicable Limited Conditionality Acquisition Agreement (i) no Default or Event of Default shall have occurred and be continuing and (ii) the
representations and warranties of each Loan Party set forth in the Loan Documents shall be true and correct in all material respects (or in all respects if qualified by materiality) on and as of such date, and 

(f)  
      such Indebtedness is not guaranteed by any Person other than Loan Parties.

 Alternative Incremental Debt will include any Registered Equivalent Notes issued
in exchange therefor. 
 “Anti-Corruption Laws” means all
laws, rules, and regulations of any jurisdiction applicable to the Borrower or its Subsidiaries from time to time concerning or relating to bribery or corruption. 

“Applicable Law” has the meaning assigned to such term in the ABL Credit Agreement as of the date hereof. 

“Applicable Rate” means, for any day, (a) with respect
tothe sum of (i)(x) for any ABR 2018 Term Loan, 5.00% per annum and (iiy) any Eurocurrency 2018 Term Loan, 6.00% per annum
and (b) with respect to any Incremental Term Loan of any Series, the rate per annum specified in the Incremental Facility Agreement establishing the Incremental Term
Commitments of such Series, plus (ii) 3.00% (the “PIK Portion”). 
 “Approved Fund” means any Person (other than a natural person) that is
engaged in making, purchasing, holding or investing in bank loans and similar extensions of credit in the ordinary course and that is administered or managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity or an
Affiliate of an entity that administers or manages a Lender. 
 “Assignment and Assumption” means an assignment and
assumption entered into by a Lender and an assignee (with the consent of any Person whose consent is required by Section 10.04), and accepted by the Administrative Agent, in the form of Exhibit A or any other form approved by the Administrative
Agent. 
 “Assumed Preferred Stock” means any preferred stock or preferred equity interests of any Person
that becomes a Subsidiary after the Closing Date; provided that (a) such
preferred stock or preferred equity interests exist at the time such Person becomes a Subsidiary and are not created in contemplation of or in connection with such Person becoming a Subsidiary and (b) the aggregate liquidation value of all such
outstanding preferred stock and preferred equity interests shall not exceed $10,000,000 at any time outstanding, less the aggregate principal amount of Indebtedness incurred and outstanding pursuant to Section 6.01(a)(x). 
 “Available Amount” means, as of any date of determination on or after the Fourth Amendment
Effective Date, an amount equal to: 
 (a)        the sum
of (without duplication): 
 (i)        if
positive, the Cumulative Retained Excess Cash Flow Amount; and 

  
 -5- 

(ii)        
the Net Proceeds received by the Borrower from (A) cash contributions (other than from a Subsidiary) to the Borrower or (B) the issuance and sale of its Equity Interests (other
than a sale to a Subsidiary); 
 minus 

(b)        
the amount of any investments made in reliance on Section 6.04(s) prior to such date and any prepayments of Indebtedness made in reliance on Section 6.08(b)(vii) prior to such
date; 
 minus 

(c)        
the portion of Excess Cash Flow not otherwise required to be used to prepay Term Loans pursuant to Section 2.11(d) that is used pursuant to Section 6.08(a)(v) or Section
6.08(a)(vii). 

For the avoidance of doubt, the Available Amount shall be deemed $0 (zero
dollars) on the Fourth Amendment Effective Date irrespective of any amounts which may be attributed to the foregoing clause (a) prior to such date. 

“Bail-In Action” means the exercise of any Write-Down and Conversion Powers by the
applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution. 

“Bail-In Legislation” means, with respect to any EEA Member Country implementing
Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law for such EEA Member Country from time to time which is described in the EU Bail-In
Legislation Schedule. 
 “Base Incremental Amount” means, as of any date, an amount equal to (a) $75,000,000 less (b) the
aggregate principal amount of Incremental Term Commitments established prior to such date in reliance on the Base Incremental Amount less (c) the aggregate principal amount of Alternative Incremental Debt established prior to such date in reliance
on the Base Incremental Amount. 
 “Beneficial Ownership
Certification” means a certification regarding beneficial ownership as required by the Beneficial Ownership Regulation. 

“Beneficial Ownership Regulation” means 31 C.F.R. § 1010.230. 

“Board” means the Board of Governors of the Federal Reserve System of the United States of America. 

“Borrower” means Horizon Global Corporation, a Delaware corporation. 

“Borrower Registration Statement” means the registration statement on Form S-1 filed
by the Borrower with the Commission on March 31, 2015, including all exhibits and schedules thereto, in each case, as amended, supplemented or otherwise modified prior to the Closing Date. 

“Borrowing” means Loans of the same Class and Type, made, converted or continued on the same date and as to which a single
Interest Period is in effect. 

  
 -6- 

 “Borrowing Base” shall have the meaning ascribed to such term in the ABL
Credit Agreement (as defined in the ABL Credit Agreement on the Closing Date). 
 “Borrowing Request” means a request by
the Borrower for a Borrowing in accordance with Section 2.03, which shall be, in the case of any such written request, in the form of Exhibit B or any other form approved by the Administrative Agent. 

“Business Day” means any day that is not a Saturday, Sunday or other day on which commercial banks in New York City are
authorized or required by law to remain closed; provided that when used in connection with any Eurocurrency Loan, the term “Business Day” shall also exclude any day on which banks are not open for dealings in dollar deposits in the
London interbank market. 
 “Capital Expenditures” means, for any period, without duplication, (a) the additions to
property, plant and equipment and other capital expenditures of the Borrower and its consolidated Subsidiaries that are (or would be) set forth in a consolidated statement of cash flows of the Borrower for such period prepared in accordance with
GAAP other than (x) such additions and expenditures classified as Permitted Acquisitions and (y) such additions and
expenditures made with Net Proceeds from any casualty or other insured damage or condemnation or similar awards and (b) Capital Lease Obligations incurred by the Borrower and its consolidated Subsidiaries during such period. 

“Capital Lease Obligations” of any Person means the obligations of such Person to pay rent or other amounts under any lease
of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are required to be classified and accounted for as capital leases on a balance sheet of such Person under GAAP, and the
amount of such obligations shall be the capitalized amount thereof determined in accordance with GAAP; provided that any change in GAAP after the Closing Date that would require lease obligations that would have been characterized and
accounted for as operating leases in accordance with GAAP as in effect on the Closing Date to be characterized and accounted for as Capital Lease Obligations shall be disregarded for purposes hereof. 

“CFC” means a “controlled foreign corporation” within the meaning of Section 957 of the Code. 

“Change in Control” means (a) the acquisition of beneficial ownership, directly or indirectly, by any Person or group (within
the meaning of the Securities Exchange Act of 1934 and the rules of the Commission thereunder), of Equity Interests representing more than 35% of either the aggregate ordinary voting power represented by the issued and outstanding Equity Interests
in the Borrower or (b) the occurrence of any change in control (or similar event, however denominated) with respect to the Borrower under (i) any indenture or other agreement in respect of Material Indebtedness to which the Borrower or any
Subsidiary is a party or (ii) any instrument governing any preferred stock of the Borrower or any Subsidiary having a liquidation value or redemption value in excess of $5,000,000. 

“Change in Law” means (a) the adoption of any law, rule or regulation after the date hereof, (b) any change in any law, rule
or regulation or in the interpretation or application thereof by any Governmental Authority after the date hereof or (c) compliance by any Lender (or, for purposes of Section 2.15(b), by any lending office of such Lender or by such Lender’s
holding company, if any) with any request, guideline or directive (whether or not having the force of law) of any Governmental Authority made or issued after the date hereof; provided that notwithstanding anything herein to the contrary, (i)
the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith and (ii) all requests, rules, guidelines or directives promulgated by the Bank for
International Settlements, the Basel Committee on Banking 

  
 -7- 

 
Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, shall in each case be deemed to be a
“Change in Law,” regardless of the date enacted, adopted, promulgated or issued. 
 “Class,” when used in
reference to (a) any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are 2017
Replacement Term B Loans or,
2018 Incremental Term Loans of any
Seriesor 2018 Term Loans, (b) any Commitment, refers to
whether such Commitment is a 2017 Replacement Term Loan Commitment, or a 2018
Incremental Term Loan Commitment or any other
Incremental Term Commitment of any Series and (c) any Lender, refers to whether such Lender has a Loan or Commitment of a particular Class. 

“Closing Date” means the date on which the conditions specified in Section 4.01 have been satisfied. 

“Closing Date Dividend” has the meaning assigned to such term in the definition of “Transactions”. 

“Code” means the Internal Revenue Code of 1986, as amended from time to time. 

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

“Collateral Agent” means JPMCB, in its capacity as collateral agent for the Lenders under the Security Documents. 

“Collateral and Guarantee Requirement” means the requirement
that (and, with respect to Foreign Subsidiaries, subject to the Agreed Security Principles): 
 (a)        the Collateral Agent
shall have received from each party thereto (other than the Collateral Agent) either (i) a counterpart of the Guarantee and Collateral Agreement duly executed and delivered on behalf of such Loan Party, or (ii) in the case of any Person
that becomes a Subsidiary Loan Party after the Closing Date, a supplement to each of the Guarantee and Collateral Agreement and the Intercreditor AgreementAgreements, in each case in the form specified therein, duly executed and delivered on
behalf of such Subsidiary Loan Party; 
 (b)        all outstanding Equity
Interests of the Borrower and each Subsidiary owned by or on behalf of any Loan Party shall have been pledged pursuant to the Guarantee and Collateral Agreement (except that the Loan Parties shall not be required to pledge more than 65% of the
outstanding voting Equity Interests of any Foreign Subsidiary,
or any CFC (other than any CFC,
in each case, with respect to any Foreign Subsidiary that is organized
under the laws of Germany, the United Kingdom (or any political subdivision thereof), Mexico, Canada or the Netherlands)) and 100% of the Equity Interests of any Foreign Subsidiary organized
under the laws of Germany, the United Kingdom (or any political subdivision thereof), Mexico, Canada or the Netherlands shall have been pledged and the Collateral Agent shall have received
certificates or other instruments representing all such Equity Interests, together with stock powers or other instruments of transfer with respect thereto endorsed in blank; 

(c)        all Indebtedness of the Borrower and each Subsidiary in an aggregate
principal amount that exceeds $500,000 that is owing to any Loan Party shall be evidenced by a 

  
 -8- 

 
promissory note and shall have been pledged pursuant to the Guarantee and Collateral Agreement 

  
 -9- 

 
and the Collateral Agent shall have received all such promissory notes, together with instruments of transfer with respect thereto endorsed in blank; 

(d)        all documents and instruments, including Uniform Commercial Code financing
statements, required by law or reasonably requested by the Collateral Agent to be filed, registered or recorded to create the Liens intended to be created by the Guarantee and Collateral Agreement and perfect such Liens to the extent required by,
and with the priority required by, the Guarantee and Collateral Agreement (in each case subject to the Intercreditor AgreementAgreements), shall have been filed, registered or recorded or delivered to the
Collateral Agent for filing, registration or recording; 
 (e)        the
Collateral Agent shall have received (i) counterparts of a Mortgage with respect to any Mortgaged Property duly executed and delivered by the record owner of such Mortgaged Property, (ii) a policy or policies of title insurance issued by a
nationally recognized title insurance company insuring the Lien of each such Mortgage as a valid first Lien on the Mortgaged Property described therein, free of any other Liens except as expressly permitted by Section 6.02, together with such
endorsements, coinsurance and reinsurance as the Administrative Agent or the Required Lenders may reasonably request, but only to the extent such endorsements are (A) available in the relevant jurisdiction (provided in no event shall the
Collateral Agent request a creditors’ rights endorsement) and (B) available at commercially reasonable rates, (iii) if any Mortgaged Property is located in an area determined by the Federal Emergency Management Agency to have special
flood hazards, evidence of such flood insurance as may be required under Applicable Law, including Regulation H of the Board of Governors, and an acknowledged notice to the Borrower, (iv) if reasonably requested by the Administrative Agent, a
current appraisal of any Mortgaged Property, prepared by an appraiser acceptable to the Administrative Agent, and in form and substance satisfactory to the Required Lenders (it being understood that if such appraisal is required in order to comply
with the Administrative Agent’s internal policies, such request shall be deemed to be reasonable), (v) if reasonably requested by the Administrative Agent, an environmental assessment with respect to any Mortgaged Property, prepared by
environmental engineers reasonably acceptable to the Administrative Agent, and such other reports, certificates, studies or data with respect to such Mortgaged Property as the Administrative Agent may reasonably require, all in form and substance
reasonably satisfactory to Required Lenders (it being understood that if such assessment or other materials are required in order to comply with the Administrative Agent’s internal policies, such request shall be deemed to be reasonable), and
(vi) such abstracts, legal opinions and other documents as the Administrative Agent or the Required Lenders may reasonably request with respect to any such Mortgage or Mortgaged Property; provided, however, in no event shall
surveys be required to be obtained with respect to any Mortgaged Property; and

 (f)        each Loan Party shall have obtained all consents and approvals
required to be obtained by it in connection with the execution and delivery of all Security Documents to which it is a party, the performance of its obligations thereunder and the granting by it of the Liens thereunder; 

provided, that, (i) with respect to any Subsidiary Loan Party that is a Foreign Subsidiary organized under the
laws of Germany, the United Kingdom (or any political subdivision thereof), Mexico, Canada or the Netherlands, the Collateral and Guarantee Requirement shall require the provision of the documents and satisfaction of the requirements set forth in ScheduleExhibit E to the
FifthSixth Amendment (with such amendments thereto and extensions of time as may be agreed by the
Administrative Agent) and (ii) with respect to any Subsidiary Loan Party that is a 

  
 -10- 

 
Foreign Subsidiary organized under the laws of any other jurisdiction, the Collateral and Guarantee Requirement shall be modified as reasonably requested by the Required Lenders to reflect the
requirements and limitations of the jurisdiction in which such Foreign Subsidiary is organized. 
 “Commission” means the
Securities and Exchange Commission or any Governmental Authority succeeding to any or all of the functions of said Commission. 

“Commitment” means a 2017 Replacement Term Loan
Commitment,
or a 2018 Incremental Term Loan Commitment or any other Incremental Term Commitment of any Series or any combination thereof (as the context requires). 

“Consolidated EBITDA” means, for any period, Consolidated Net Income for such period plus (a) without duplication and to
the extent deducted in determining such Consolidated Net Income, the sum of (i) consolidated cash interest expense for such period, (ii) consolidated income tax expense for such period (including all single business tax expenses imposed by state law), (iii) all amounts attributable to depreciation and
amortization for such period, (iv) any extraordinary charges for such period, (v) interest-equivalent costs associated with any Specified Vendor Receivables Financing for such period, whether accounted for as interest expense or loss on
the sale of receivables, and all Preferred Dividends, (vi) all losses during such period that relate to the retirement of Indebtedness, (vii) noncash expenses during such period resulting from the grant of Equity Interests to management
and employees of the Borrower or any of the Subsidiaries, (viii) the aggregate amount of deferred financing expenses for such period, (ix) all other noncash expenses or losses of the Borrower or any of the Subsidiaries for such period
(excluding any such charge that constitutes an accrual of or a reserve for cash charges for any future period), (x) any nonrecurring fees, expenses or charges realized by the
Borrower or any of the Subsidiaries for such period related to any offering of Equity Interests or incurrence of Indebtedness, whether or not
consummatedfees, costs and expenses in connection with the Sixth Amendment Transactions, (xi) fees and expenses in connection with the Transactions, (xii) any unusual or nonrecurring costs and expenses arising from
the integration of any business acquired pursuant to any Permitted Acquisition consummated after the Closing Date not to exceed $7,500,000 in any fiscal year and $20,000,000 in the aggregate, (xiii) any unusual or nonrecurring costs and
expenses arising from the integration of the Westfalia Group not to exceed $10,000,000 in any fiscal year and $30,000,000 in the aggregate, (xiv) the amount of reasonably identifiable and factually supportable “run rate” cost savings,
operating expense reductions, and other synergies not to exceed $12,500,000 resulting from the Westfalia Acquisition that are projected by Borrower in good faith and certified by a Financial Officer of the Borrower in writing to the Administrative
Agent to result from actions either taken or expected to be taken within eighteen (18) months of the Westfalia Acquisition Closing Date to take such action, net of the amount of actual benefits realized prior to or during such period from such
actions (which cost savings, operating expense reductions, and synergies shall be calculated on a pro forma basis as though such cost savings, operating expense reductions, or synergies had been realized on the first day of such period), (xv)
anyissuance or offering of Equity Interests or any Indebtedness (in each case, whether or not consummated), (xii) costs
and expenses of professional fees of the Borrower and its Subsidiaries or of any Agent or Lender to the extent the Borrower is required to reimburse such Agent or Lender therefor,
(xiii) unusual or nonrecurring expenses or similar costs relating to cost savings projects, including restructuring,
moving and severance expenses, not to exceed $25,000,000 in the aggregate from and after January 1, 2015; provided that no more than $7,500,000 may be counted in any fiscal year
commencing on or after January 1, 2015, (xvi) net losses from discontinued operations, not to exceed in any fiscal year $7,500,000, (xvii) losses associated with the prepayment of leases (whether operating leases or capital leases) outstanding
on January 1, 2015 from discontinued operations, and (xviii) losses or charges associated with asset sales otherwise permitted hereunder and any unusual or nonrecurring charges, so

  
 -11- 

 
long as
theexpense, provided that the aggregate amount added backto Consolidated EBITDA pursuant to this clause
(xviii) doesxiii) shall not exceed in the aggregate $5,000,000 in any four Fiscal Quarter period, (xiv) fees, costs and expenses incurred in connection with any proposed asset sale (whether or not
consummated); provided that the aggregate amount added to Consolidated EBITDA pursuant to this clause (xiv) shall not exceed $5,000,000 for all periods and (xv) non-cash losses on asset
sales, minus (b) without duplication and to the extent included in determining such Consolidated Net Income, (i) any extraordinary gains for such period, (ii) any non-cash income, profits or gains for such period and (iii) any gains realized from the retirement of Indebtedness after the Closing Date, all determined on a consolidated basis in accordance with GAAP; provided, however, that the amounts added to Consolidated Net Income pursuant to clauses (xii) through (xviii) above for any period shall not exceed 45% of Consolidated EBITDA for
such period; provided further that such percentage shall decrease to (A) 35% of Consolidated EBITDA on September 30, 2019 and (B) 25% of Consolidated EBITDA on
December 31, 2019 and thereafter (determined without including amounts added to Consolidated Net Income pursuant to clauses (xii) through (xviii) above for
such period). If the Borrower or any Subsidiary has made any Permitted Acquisition or Significant Investment or any sale, transfer, lease or other disposition of assets outside of the ordinary course of business permitted by Section 6.05 during the relevant period for determining any leverage
ratio hereunder, Consolidated EBITDA for the relevant period shall be calculated only for purposes of determining such leverage ratio after giving pro forma effect thereto, as if such
Permitted Acquisition or Significant Investment or sale, transfer, lease or other disposition of assets had occurred
on the first day of the relevant period for determining Consolidated EBITDA; provided that with respect to any Significant Investment, (x) any pro forma adjustment made to Consolidated EBITDA shall be in proportion to the percentage
ownership of the Borrower or such Subsidiary, as applicable, in the Subject Person (e.g. if the Borrower acquires 70% of the Equity Interests of the Subject Person, a pro forma adjustment to Consolidated EBITDA shall be made with respect to no more
than 70% of the EBITDA of the Subject Person) and (y) pro forma effect shall only be given to such Significant Investment if the Indebtedness of the Subject Person is included in Total Indebtedness for purposes of calculating the applicable
leverage ratio in proportion to the percentage ownership of the Borrower or such Subsidiary, as applicable, in such Subject Person. Any such pro forma calculations may include operating and other expense reductions and other adjustments for such
period resulting from any Permitted Acquisition, or sale, transfer, lease or other disposition of assets that is being
given pro forma effect to the extent that such operating and other expense reductions and other adjustments
(a) would be permitted pursuant to Article XI of Regulation S-X under the
Securities Act of 1933 (“Regulation S-X”) or (b) are reasonably consistent with the purpose of Regulation S-X as determined in good faith by the Borrower in consultation with the Administrative
Agent.. Notwithstanding the foregoing, Consolidated EBITDA for the fiscal quarters ending March 31, 2018,
June 30, 2018, September 30, 2018 and December 31, 2018 shall be deemed to be $4,390,000, $20,490,000, $17,090,000 and $-8,467,535, respectively. 
 “Consolidated Net Income” means, for any period, the net income or loss of
the Borrower and the Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP; provided that there shall be excluded (a) the income of any Person (other than the Borrower or a Significant Investment) in
which any other Person (other than the Borrower or any Subsidiary or any director holding qualifying shares in compliance with Applicable Law) owns an Equity Interest, except to the extent of the amount of dividends or other distributions actually
paid to the Borrower or any of the Subsidiaries during such period, (b) the income or loss of any Person accrued prior to the date it becomes a Subsidiary or is merged into or consolidated with the Borrower or any Subsidiary or the date that
such Person’s assets are acquired by the Borrower or any Subsidiary and (c) the cumulative effect of a change in accounting principles during such period to the extent included in Consolidated Net Income. 

  
 -12- 

 “Control” means the possession, directly or indirectly, of the power to
direct or cause the direction of the management or policies of a Person, whether through the ability to exercise voting power, by contract or otherwise. “Controlling” and “Controlled” have meanings correlative
thereto. 
 “Convertible Notes” means the 2.75% Convertible Senior Notes of the Borrower due 2022 issued pursuant to the
Convertible Notes Indenture. 
 “Convertible Notes Indenture” means the First Supplemental Indenture between the Borrower
and Wells Fargo Bank, National Association, dated as of February 1, 2017. 
 “Credit Facility” means a category of
Commitments and extensions of credit thereunder. 

“Cumulative Retained Excess Cash Flow
Amount” means, at any date of determination, an amount equal to the aggregate cumulative sum of the
Retained Percentage of Excess Cash Flow for the Excess Cash Flow Periods ended on or prior to such date. 

“Default” means any event or condition which constitutes an Event of Default or which upon notice, lapse of time or both
would, unless cured or waived, become an Event of Default. 
 “Discharge of SeniorABL Obligations” shall
havehas the meaning as
definedassigned to such term in the ABL/Term
Loan Intercreditor Agreement. 

“Disclosed Matters” means the actions, suits and proceedings and the environmental matters disclosed in Schedule 3.06. 

“Documentation Agents” means KeyBanc Capital Markets Inc., Sidoti & Company, LLC and Roth Capital Partners, LLC.

 “dollars” or “$” refers to lawful money of the United States of America. 

“Domestic Subsidiary” means any Subsidiary, other than the Foreign Subsidiaries. 

“ECF Percentage” means 75%; provided, that, with respect to any fiscal year
of the Borrower commencing with the fiscal year ending December 31, 2017, the ECF Percentage shall be reduced to (a) 50% if the Net Leverage Ratio as of the last day of such fiscal year is no greater than 4.00 to 1.00 but greater than 3.00 to
1.00, (b) 25% if the Net Leverage Ratio of the last day of such fiscal year is no greater than 3.00 to 1.00 but greater than 2.50 to 1.00 and (c) 0% if the Net Leverage Ratio as of the last day of such fiscal year is less than or equal to 2.50 to
1.00.100%. 

“EEA Financial Institution” means (a) any institution established in any EEA Member Country which is subject to the
supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this definition, or (c) any institution established in an EEA Member
Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent. 

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

  
 -13- 

 “EEA Resolution Authority” means any public administrative authority or any
Person entrusted with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution. 

“Environmental Laws” means all laws, rules, regulations, codes, ordinances, orders, decrees, judgments, injunctions, notices
or binding agreements issued, promulgated or entered into by any Governmental Authority, relating in any way to the environment, preservation or reclamation of natural resources, the management, Release or threatened Release of any Hazardous
Material or to health and safety matters. 
 “Environmental Liability” means any liabilities, obligations, damages, losses,
claims, actions, suits, judgments, or orders, contingent or otherwise (including any liability for damages, costs of environmental remediation, costs of administrative oversight, fines, natural resource damages, penalties or indemnities), directly
or indirectly resulting from or relating to (a) compliance or non-compliance with any Environmental Law, (b) the generation, use, handling, transportation, storage, treatment or disposal of any
Hazardous Materials, (c) any actual or alleged exposure to any Hazardous Materials, (d) the Release or threatened 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. 
 “Environmental Notice” has the meaning assigned to
such term in the ABL Credit Agreement as of the date hereof. 

“Equity Contribution
Percentage” means 66 2/3%. 
 “Equity Interests” means
shares of capital stock, partnership interests, membership interests in a limited liability company, beneficial interests in a trust or other equity ownership interests in a Person or any warrants, options or other rights to acquire such interests,
but excluding any debt securities convertible into or referencing any of the foregoing. 
 “ERISA” means the Employee
Retirement Income Security Act of 1974, as amended from time to time. 
 “ERISA Affiliate” means any trade or business
(whether or not incorporated) that, together with the Borrower, is treated as a single employer under Section 414(b) or (c) of the Code or, solely for purposes of Section 302 of ERISA and Section 412 of the Code, is treated as a
single employer under Section 414(b), (c), (m) or (o) of the Code. 
 “ERISA Event” means (a) any
“reportable event,” as defined in Section 4043 of ERISA or the regulations issued thereunder with respect to a Plan (other than an event for which the 30 day notice period is waived); (b) a failure by any Plan to satisfy the
minimum funding standards (as defined in Section 412 of the Code or Section 302 of ERISA) applicable to such Plan in each instance, whether or not waived; (c) the filing pursuant to Section 412(c) of the Code or
Section 302(c) of ERISA of an application for a waiver of the minimum funding standard with respect to any Plan; (d) a determination that any Plan is, or is expected to be, in “at risk” status (as defined in
Section 430(i)(4) of the Code or Section 303(i)(4) of ERISA; (e) the incurrence by the Borrower or any of its ERISA Affiliates of any liability under Title IV of ERISA with respect to the termination of any Plan; (f) the receipt
by the Borrower or any ERISA Affiliate from the PBGC or a plan administrator of any notice relating to an intention to terminate any Plan or Plans or to appoint a trustee to administer any Plan; (g) the incurrence by the Borrower or any of its
ERISA Affiliates of any liability with respect to the withdrawal or partial withdrawal from any Plan or Multiemployer Plan; or (h) the receipt by the Borrower or any ERISA 

  
 -14- 

 
Affiliate of any notice, or the receipt by any Multiemployer Plan from the Borrower or any ERISA Affiliate of any notice, concerning the imposition of Withdrawal Liability or a determination that
a Multiemployer Plan is, or is expected to be, insolvent, within the meaning of Title IV of ERISA or in “endangered” or “critical” status (within the meaning of Section 432 of the Code or Section 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. 

“Eurocurrency,” when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such
Borrowing, are bearing interest at a rate determined by reference to the Adjusted LIBO Rate. 
 “Event of Default” has the
meaning assigned to such term in Article VII. 
 “Excess Cash Flow” means, for any fiscal year, the sum (without
duplication) of: 
 (a)        Consolidated Net Income for such fiscal year,
adjusted to exclude any gains or losses attributable to Prepayment Events; plus 
 (b)        the
excess, if any, of the Net Proceeds received during such fiscal year by the 734 Borrower and its consolidated Subsidiaries in respect of any Prepayment Events over (x) amounts permitted to be reinvested pursuant to Section 2.11(c) and
(y) the aggregate principal amount of Term Loans prepaid pursuant to Section 2.11(c) in respect of such Net Proceeds; plus 

(c)        depreciation, amortization and other noncash charges or losses deducted in
determining such consolidated net income (or loss) for such fiscal year; plus 

(d)        the sum of (i) the amount, if any, by which Net Working Capital (adjusted to exclude changes arising from Permitted Acquisitions and Significant Investments) decreased during such fiscal year
plus (ii) the net amount, if any, by which the consolidated deferred revenues and other consolidated accrued long-term liability accounts of the Borrower and its consolidated Subsidiaries (adjusted to exclude changes arising from Permitted Acquisitions) increased during such fiscal year plus (iii) the net amount,
if any, by which the consolidated accrued long-term asset accounts of the Borrower and its consolidated Subsidiaries (adjusted to exclude changes arising from Permitted Acquisitions) decreased during such fiscal year; minus 

(e)        the sum of (i) any noncash gains included in determining such
consolidated net income (or loss) for such fiscal year plus (ii) the amount, if any, by which Net Working Capital (adjusted to exclude changes arising from Permitted
Acquisitions) increased during such fiscal year plus (iii) the net amount, if any, by which the consolidated deferred revenues and other consolidated accrued long-term liability accounts
of the Borrower and its consolidated Subsidiaries (adjusted to exclude changes arising from Permitted Acquisitions)
decreased during such fiscal year plus (iv) the net amount, if any, by which the consolidated accrued long-term asset accounts of the Borrower and its consolidated Subsidiaries
(adjusted to exclude changes arising from Permitted Acquisitions) increased during such fiscal year; minus

(f)        the sum
of (i) Capital Expenditures for such fiscal year and Capital Expenditures to be made within 90 days following the end of such fiscal year pursuant to binding agreements entered into by
the Borrower or any of its consolidated Subsidiaries prior to the end of such fiscal 

  
 -15- 

 
year; provided that to the extent any such Capital Expenditure is not made (or if the amount of any such Capital Expenditures less than the amount deducted with respect hereto) within 90
days after such fiscal year, the amount (or such portion of the amount) thereof shall be added back to Excess Cash Flow for the subsequent period (except to the extent attributable to the incurrence of Capital Lease Obligations or otherwise financed
by incurring Long-Term Indebtedness) plus (ii) cash consideration paid during such fiscal year to make acquisitions or other capital investments (except to the extent financed by
incurring Long-Term Indebtedness or through the use of the Available Amount); minus 

(g)        the aggregate principal amount of Long-Term Indebtedness repaid or prepaid
by the Borrower and its consolidated Subsidiaries during such fiscal year, excluding (i) Indebtedness in respect of ABL Loans and other revolving Indebtedness (in each case except to the extent the revolving credit commitments in respect
thereof are permanently reduced in the amount of and at the time of any such payment) and letters of credit, (ii) Term Loans prepaid pursuant to Section 2.11(c) or (d), (iii) optional prepayments of Term Loans (including purchases of Term
Loans pursuant to Section 10.04(h)),
and (iv) repayments or prepayments of Long-Term Indebtedness financed
by incurring other Long-Term Indebtedness or through the use of the Available Amount, (v) optional prepayments of Pari Passu Alternative Incremental Debt in the form of
loans or Pari Passu Permitted Term Loan Refinancing Indebtedness in the form of loans and (vi) any prepayments of Pari Passu Alternative Incremental Debt or Pari Passu Permitted Term Loan Refinancing Indebtedness in lieu of mandatory
prepayments of Term Loans in accordance with Section 2.11(c); minus 

(h)        the noncash impact of currency translations and other adjustments to the
equity account, including adjustments to the carrying value of marketable securities and to pension liabilities, in each case to the extent such items would otherwise constitute Excess Cash Flow. 

“Excess Cash Flow Period” means each fiscal year of the Borrower, commencing with the fiscal year ending December 31,
2017 (other than December 31, 2018). 

“Excluded Taxes” means, 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 the Borrower hereunder or under any other Loan Document, (a) income or franchise taxes imposed on (or measured by) its net or overall gross income (or net worth or similar Taxes imposed in lieu thereof) by
the United States of America, or by any other jurisdiction as a result of such recipient being organized in or having its principal office in or applicable lending office in such jurisdiction, or as a result of any other present or former connection
(other than a connection arising solely from this Agreement or any other Loan Document) between such recipient and such jurisdiction, (b) any branch profits Taxes imposed by the United States of America or any similar Tax imposed by any other
jurisdiction described in clause (a) above and (c) in the case of a Non-U.S. Lender (other than an assignee pursuant to a request by the Borrower under Section 2.19(b)), any United States
withholding Taxes resulting from any law in effect (x) at the time such Non-U.S. Lender becomes a party to this Agreement or, with respect to any additional position in any Loan acquired after such Non-U.S. Lender becomes a party hereto, at the time such additional position is acquired by such Non-U.S. Lender or (y) at the time such
Non-U.S. Lender designates a new lending office, except to the extent that such Non-U.S. Lender (or its assignor, if any) was entitled, immediately prior to designation
of a new lending office (or assignment), to receive additional amounts from the Borrower with respect to such United States withholding Tax pursuant to Section 2.17(a), (d) any United States withholding Tax imposed pursuant to FATCA
and (e) any withholding Tax that is attributable to a recipient’s failure to comply with Section 2.17(g). 

  
 -16- 

 “Extended Term Loans” has the meaning assigned to such term in
Section 2.23(a). 
 “Extension” has the meaning assigned to such term in Section 2.23(a). 

“Extension Offer” has the meaning assigned to such term in Section 2.23(a). 

“FATCA” means (i) Sections 1471 through 1474 of the Code as of the date of this Agreement or any amended or successor
provision that is substantively comparable and not materially more onerous to comply with, and, in each case, any regulations or official interpretations thereof, (ii) any agreements entered into pursuant to Section 1471(b)(1) of the Code
as of the date of this Agreement or any amended or successor provision as described in clause (i) above and (iii) any law, regulation, rule, promulgation or official agreement implementing an official government agreement with respect to
the foregoing. 
 “Federal Funds Effective Rate” means, for any day, the rate calculated by the NYFRB based on such
day’s federal funds transactions by depositary institutions, as determined in such manner as the NYFRB shall set forth on its public website from time to time, and published on the next succeeding Business Day by the NYFRB as the federal funds
effective rate; provided that if the Federal Funds Effective Rate shall be less than zero, such rate shall be deemed to be zero for the purposes of this Agreement. 

“Financial Officer” means the chief financial officer, principal accounting officer, treasurer or controller of the Borrower.

 “Fifth Amendment” means that certain Fifth Amendment to this Credit Agreement, dated as of February 20, 2019, among
the Borrower, the other Loan Parties, the Administrative Agent and the Lenders party thereto. 
 “Fifth Amendment Effective
Date” means the “Effective Date” as set forth in the Fifth Amendment. 
 “First Amendment” means that
certain First Amendment to Credit Agreement, dated as of September 19, 2016, among the Borrower, the Administrative Agent and the Lenders party thereto. 

“First Amendment Effective Date” means the “Effective Date” as set forth in the First Amendment. 

“First Lien Secured Indebtedness” means Total Indebtedness that is secured by a first priority Lien on any asset of the
Borrower or any of its Subsidiaries (it being understood that any Indebtedness outstanding under this Agreement and any Indebtedness outstanding under the ABL Credit Agreement is First Lien Secured Indebtedness). 

“First Lien Net Leverage Ratio” means, on any date, the ratio of (a) First Lien Secured Indebtedness as of such date
less the aggregate amount (not to exceed $65,000,000) of the sum of Unrestricted Domestic Cash plus Unrestricted Foreign Cash, in each case as of such date, to
(b) Consolidated EBITDA for the period of four consecutive fiscal quarters of the Borrower ended on such date (or, if such date is not the last day of a fiscal quarter, ended on the last day of the fiscal quarter of the Borrower most recently
ended prior to such date for which financial statements are available). 

  
 -17- 

“Fixed Charge Coverage
Ratio” means, on any date, the ratio of (a) Consolidated EBITDA for the period of four consecutive fiscal quarters of the Borrower ended on or most recently prior to such date to (b) the sum of, in each case for the Borrower and its
Subsidiaries for such period and to the extent paid in cash, (i) consolidated cash interest expense, (ii) interest-equivalent costs associated with any Specified Vendor Receivables Financing, whether accounted for as interest expense or
loss on the sale of receivables, (iii) all Preferred Dividends and (iv) all required amortization payments on Indebtedness. 

“FLSA” means the Fair Labor Standards Act of 1938, as amended from time to time. 

“Foreign Subsidiary” means any Subsidiary that is organized under the laws of a jurisdiction other than the United States of
America or any State thereof or the District of Columbia. 
 “Fourth Amendment” means that certain Fourth Amendment to
Credit Agreement, dated as of July 31, 2018, among the Borrower, the other Loan Parties, the Administrative Agent and the Lenders party thereto. 

“Fourth Amendment Effective Date” means the “Effective Date” as set forth in the Fourth Amendment. 

“GAAP” means generally accepted accounting principles in the United States of America. 

“Governmental Authority” means the government of the United States of America, any other nation or any political subdivision
thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining
to government (including any supra-national body exercising such powers or functions, such as the European Union or the European Central Bank). 

“Guarantee” of or by any Person (the “guarantor”) means any obligation, contingent or otherwise, of the
guarantor guaranteeing or having the economic effect of guaranteeing any Indebtedness or other obligation of any other Person (the “primary obligor”) in any manner, whether directly or indirectly, and including any obligation of the
guarantor, direct or indirect, (a) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other obligation or to purchase (or to advance or supply funds for the purchase of) any security for the
payment thereof, (b) to purchase or lease property, securities or services for the purpose of assuring the owner of such Indebtedness or other obligation of the payment thereof, (c) to maintain working capital, equity capital or any other
financial statement condition or liquidity of the primary obligor so as to enable the primary obligor to pay such Indebtedness or other obligation or (d) as an account party in respect of any letter of credit or letter of guaranty issued to
support such Indebtedness or obligation; provided, that the term “Guarantee” shall not include endorsements for collection or deposit in the ordinary course of business. 

“Guarantee and Collateral Agreement” means the Term Loan Guarantee and Collateral Agreement, substantially in the form of
Exhibit D, made by the Borrower and the Subsidiary Loan Parties party thereto in favor of the Collateral Agent for the benefit of the Secured Parties. 

“Hazardous Materials” means all explosive, radioactive, hazardous or toxic substances, wastes or other pollutants, including
petroleum or petroleum distillates, asbestos or asbestos containing 

  
 -18- 

 
materials, polychlorinated biphenyls, radon gas, infectious or medical wastes and all other substances or wastes of any nature regulated pursuant to any Environmental Law. 

“Hedging Agreement” means any (i) interest rate protection agreement, foreign currency exchange agreement, commodity
price protection agreement or other interest or currency exchange rate or commodity price hedging arrangement, (ii) Permitted Bond Hedge TransactionHedging Agreement or (iii) Permitted Warrant Transaction. 

“Immaterial Subsidiary” means, at any date, any Subsidiary of the
Borrower that, together with its consolidated Subsidiaries (i) does not, as of the last day of the fiscal quarter of the Borrower most recently ended on or prior to such date for which financial statements are available, have assets with a
value in excess of 2.5% of the consolidated total assets of the Borrower and its consolidated Subsidiaries and (ii) did not, during the period of four consecutive fiscal quarters of the Borrower most recently ended on or prior to such date for
which financial statements are available, have revenues exceeding 2.5% of the total revenues of the Borrower and its consolidated Subsidiaries; provided that, the aggregate assets or revenues of all Immaterial Subsidiaries, determined in accordance
with GAAP, may not exceed 5.0% of consolidated assets or consolidated revenues, respectively, of the Borrower and its consolidated Subsidiaries, collectively, at any time (and the Borrower will promptly designate in writing to the Administrative
Agent the Subsidiaries which will cease to be treated as “Immaterial Subsidiaries” in order to comply with the foregoing limitation). 

“Impacted Interest Period” has the meaning assigned to such term in the definition of “LIBO Rate.” 

“Incremental Facility Agreement” means an Incremental Facility
Agreement, in form and substance reasonably satisfactory to the Administrative Agent, among the Borrower, the Administrative Agent and one or more Incremental Term Lenders, establishing Incremental Term Commitments of any Series and effecting such
other amendments hereto and to the other Loan Documents as are contemplated by Section 2.21. 

“Incremental Term Commitment” means, with respect to any Lender,
the commitment, if any, of such Lender, established pursuant an Incremental Facility Agreement and Section 2.21, to make Incremental Term Loans of any Series hereunder, expressed as an amount representing the maximum principal amount of the
Incremental Term Loans of such Series to be made by such Lender. 
 “Incremental Term Lender” means a Lender with an Incremental Term Commitment or an outstanding Incremental Term Loan.

 “Incremental Term Loans” means any term loans made
pursuant to Section 2.21(a). 
 “Incremental Term Maturity Date” means, with respect to Incremental Term Loans of any Series, the scheduled date on which such Incremental Term Loans shall become due and payable
in full hereunder, as specified in the applicable Incremental Facility Agreement. 

“Indebtedness” of any Person means, without duplication, (a) all obligations of such Person for borrowed money or with
respect to advances of any kind, (b) all obligations of such Person evidenced by bonds, debentures, notes or similar instruments, (c) all obligations of such Person upon which interest charges are customarily paid, (d) all obligations
of such Person under conditional sale or other title retention agreements relating to property acquired by such Person, (e) all obligations of such Person in respect of the deferred purchase price of property or services (excluding current
accounts 

  
 -19- 

 
payable incurred in the ordinary course of business), (f) all Indebtedness of others secured by (or for which the holder of such Indebtedness has an existing right, contingent or otherwise, to be
secured by) any Lien on property owned or acquired by such Person, whether or not the Indebtedness secured thereby has been assumed, (g) all Guarantees by such Person of Indebtedness of others, (h) all Capital Lease Obligations of such
Person, (i) all obligations, contingent or otherwise, of such Person as an account party in respect of letters of credit and letters of guaranty, (j) all obligations, contingent or otherwise, of such Person in respect of bankers’
acceptances and (k) solely for purposes of Section 6.01 hereof, any and all payment obligations of such Person under or Guarantee by such Person with respect to any Hedging Agreement. The Indebtedness of any Person shall include the
Indebtedness of any other entity (including any partnership in which such Person is a general partner) to the extent such Person is liable therefor 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 that such Person is not liable therefor. Notwithstanding anything to the contrary in this paragraph, the term “Indebtedness” shall not include (a) agreements providing
for indemnification, purchase price adjustments or similar obligations incurred or assumed in connection with the acquisition or disposition of assets or capital stock and (b) trade payables and accrued expenses in each case arising in the
ordinary course of business. 
 “Indemnified Taxes” means (a) any Taxes, other than Excluded Taxes, and (b) Other
Taxes. 
 “Intercreditor Agreement” means the Intercreditor
Agreement, substantially in the form of Exhibit C, among the Borrower, the other Loan Parties, the Collateral Agent and the ABL Agent. 

“Information Memorandum” means the Confidential Information Memorandum dated May 1, 2015, relating to the Borrower and
the Transactions, and the Confidential Information Memorandum dated September 5, 2016, relating to the Borrower and the Westfalia Transactions. 

“Intellectual Property Claim” has the meaning assigned to such term in the ABL Credit Agreement as of the date hereof. 

“Intercreditor Agreements” means the ABL/Term Loan Intercreditor Agreement and the Term Intercreditor Agreement. 

“Interest Election Request” means a request by the Borrower to convert or continue a Borrowing in accordance with
Section 2.07. 
 “Interest Payment Date” means (a) with respect to any ABR Loan, the last day of each March,
June, September and December and (b) with respect to any Eurocurrency Loan, the last day of the Interest Period applicable to the Borrowing of which such Loan is a part and, in the case of a Eurocurrency Borrowing with an Interest Period of
more than three months’ duration, each day prior to the last day of such Interest Period that occurs at intervals of three months’ duration after the first day of such Interest Period. 

“Interest Period” means, with respect to any Eurocurrency Borrowing, the period commencing on the date of such Borrowing and
ending on the numerically corresponding day in the calendar month that is one, two, three or six months thereafter (or twelve months thereafter if, at the time of the relevant Borrowing, all Lenders participating therein agree to make an interest
period of such duration available), as the Borrower may elect; provided that (a) if any Interest Period would end on a day other than a Business Day, such Interest Period shall be extended to the next succeeding Business Day unless such
next succeeding Business Day would fall in the next calendar month, in which case such 

  
 -20- 

 
Interest Period shall end on the next preceding Business Day and (b) any Interest Period that commences on the last Business Day of a calendar month (or on a day for which there is no
numerically corresponding day in the last calendar month of such Interest Period) shall end on the last Business Day of the last calendar month of such Interest Period. For purposes hereof, the date of a Borrowing initially shall be the date on
which such Borrowing is made and thereafter shall be the effective date of the most recent conversion or continuation of such Borrowing. 

“Interpolated Rate” means, at any time, the rate per annum (rounded to the same number of decimal places as the Screen Rate)
determined by the Administrative Agent (which determination shall be conclusive and binding absent manifest error) to be equal to the rate that results from interpolating on a linear basis between: (a) the Screen Rate (for the longest period
for which that Screen Rate is available for dollars) that is shorter than the Impacted Interest Period and (b) the Screen Rate (for the shortest period for which that Screen Rate is available for dollars) that exceeds the Impacted Interest
Period, in each case, as of the Specified Time on the Quotation Day for such Interest Period. When determining the rate for a period which is less than the shortest period for which the Screen Rate is available, the Screen Rate for purposes of
clause (a) above shall be deemed to be the overnight rate for dollars determined by the Administrative Agent from such service as the Administrative Agent may select. 

“IRS” means the United States Internal Revenue Service. 

“JPMCB” means JPMorgan Chase Bank, N.A. 

“Junior Agent”
means the Administrative Agent under the Junior Credit Agreement. 
 “Junior Credit Agreement” means the Second Lien Term Loan Credit Agreement, dated as of the Sixth Amendment Effective Date, by and
among Horizon Global Corporation, the several banks and other financial institutions or entities from time to time party thereto and Cortland Capital Market Services LLC, as Administrative Agent.

 “Junior
Loan Documents” means the “Loan Documents” as defined in the Junior Credit Agreement. 

“Latest Maturing Term Loans” has the meaning assigned to such term in the definition of “Latest Maturity Date”.

 “Latest Maturity Date” means, as of any date of determination, the latest Maturity Date applicable to any Loans
outstanding or Commitments in effect hereunder (such latest maturing Loans or Commitments, the “Latest Maturing Term Loans”). 

“Lender Affiliate” means, (a) with respect to any Lender, (i) an Affiliate of such Lender or (ii) any entity
(whether a corporation, partnership, trust or otherwise) that is engaged in making, purchasing, holding or otherwise investing in bank loans and similar extensions of credit in the ordinary course of its business and is administered or managed by a
Lender or an Affiliate of such Lender and (b) with respect to any Lender that is a fund that invests in bank loans and similar extensions of credit, any other fund that invests in bank loans and similar extensions of credit and is managed by
the same investment advisor as such Lender or by an Affiliate of such investment advisor. 
 “Lenders” means each 2017
Replacement Term Loan Lender, each 2018 Incremental Term Loan Lender and any other Person that shall have become a party hereto after the Fourth Amendment Effective Date pursuant to an Assignment and Assumption or an Incremental Facility 

  
 -21- 

 
Agreement, as the case may be, other than any such Person that ceases
to be a party hereto pursuant to an Assignment and Assumption. 
 “LIBO Rate” means, with respect to any
Eurocurrency Borrowing for any Interest Period, a rate per annum equal to the London interbank offered rate as administered by ICE Benchmark Administration (or any other Person that takes over the administration of such rate) for dollars for a
period equal in length to such Interest Period as displayed on pages LIBOR01 or LIBOR02 of the Reuters screen that displays such rate (or, in the event such rate does not appear on either of such Reuters pages, on any successor or substitute page on
such screen that displays such rate, or on the appropriate page of such other information service that publishes such rate from time to time as selected by the Administrative Agent in its reasonable discretion; in each case the “Screen
Rate”) as of the Specified Time on the Quotation Day for such Interest Period; provided that if the Screen Rate shall be less than zero, such rate shall be deemed to be zero for the purposes of this Agreement; provided further
that if the Screen Rate shall not be available at such time for such Interest Period (an “Impacted Interest Period”) with respect to dollars, then the LIBO Rate shall be the Interpolated Rate at such time (provided that if
the Interpolated Rate shall be less than zero, such rate shall be deemed to be zero for purposes of this Agreement). 

“Lien” means, with respect to any asset, (a) any mortgage, deed of trust, lien, pledge, hypothecation, encumbrance,
charge or security interest in, on or of such asset, (b) the interest of a vendor or a lessor under any conditional sale agreement, capital lease or title retention agreement (or any financing lease having substantially the same economic effect
as any of the foregoing) relating to such asset and (c) in the case of securities, any purchase option, call or similar right of a third party with respect to such securities. 

“Liquidity” means,
at any time, the sum of (i) U.S. Availability, Canadian Availability and UK Availability (each as defined in the ABL Credit Agreement or the equivalent terms in any replacement or refinancing thereof) plus (ii) unrestricted cash and Cash
Equivalents of the Borrower and its Domestic Subsidiaries, any Subsidiary organized under the laws of Canada and Cequent UK Limited. 

“Limited Conditionality Acquisition” has the meaning assigned to
such term in Section 2.21(c). 
 “Limited Conditionality Acquisition Agreement” has the meaning assigned to such term in Section 2.21(c). 

“Loan Documents” means this Agreement, any Incremental
Facility Agreement, the Security Documents, the Intercreditor AgreementAgreements and the promissory notes, if any, executed and delivered pursuant to
Section 2.09(e). 
 “Loan Parties” means the Borrower and the Subsidiary Loan Parties. 

“Loans” means the loans made by the Lenders to the Borrower pursuant to this Agreement. 

“Long-Term Indebtedness” means any Indebtedness that, in accordance with GAAP, constitutes (or, when incurred, constituted) a
long-term liability, including the current portion of any Long-Term Indebtedness. 

  
 -22- 

 “Margin Stock” shall have the meaning assigned to such term in Regulation
U. 
 “Material Adverse Effect” means a material adverse effect on (a) the business, operations, properties, assets,
financial condition, or material agreements of the Borrower and the Subsidiaries, taken as a whole, (b) the ability of anythe Loan
PartyParties in any material respect to perform any of
itstheir obligations under any Loan Document or (c) the
rights of or benefits available to the Lenders under any Loan Document. 
 “Material Agreements” means any
agreements or instruments relating to Material Indebtedness. 
 “Material Indebtedness” means (a) obligations in
respect of the ABL Credit Agreement and the Junior Credit Agreement and
(b) any other Indebtedness (other than the Loans), or obligations in respect of one or more Hedging Agreements, of any one or more of the Borrower and its Subsidiaries in an aggregate principal amount exceeding $25,000,0005,000,000. For purposes of determining Material Indebtedness, the “principal amount” of the obligations of the Borrower or any Subsidiary in respect of any Hedging Agreement at any time shall be the
maximum aggregate amount (giving effect to any netting agreements) that the Borrower or such Subsidiary would be required to pay if such Hedging Agreement were terminated at such time. For the avoidance of doubt, the term “Material Indebtedness” shall not include any obligations under any Permitted Warrant Transaction. 

“Maturity Date” means the Term Loan Maturity Date, the
Incremental Term Maturity Date with respect to Incremental Term Loans of any Series or the scheduled maturity date in respect of any Extended Term Loans, as the context requires. 

“Maximum Alternative Incremental Debt
Amount” means an aggregate principal amount of Alternative Incremental Debt that would not, immediately after giving effect to the establishment thereof and any other Indebtedness incurred substantially simultaneously therewith
(and any related repayment of Indebtedness), cause (a) with respect to any Pari Passu Alternative Incremental Debt, the First Lien Net Leverage Ratio, calculated on a pro forma basis as of the date of incurrence of such Indebtedness (but
disregarding the proceeds of any such Indebtedness in calculating Unrestricted Domestic Cash), to exceed 3.25 to 1.00, (b) with respect to any Alternative Incremental Debt secured by Liens on the Collateral that are junior to the Liens on the
Collateral securing the Obligations, the Secured Net Leverage Ratio, calculated on a pro forma basis as of the date of incurrence of such Indebtedness (but disregarding the proceeds of any such Indebtedness in calculating Unrestricted Domestic
Cash), to exceed 3.50 to 1.00 and (c) with respect to any unsecured Alternative Incremental Debt, the Net Leverage Ratio, calculated on a pro forma basis as of the date of incurrence of such Indebtedness (but disregarding the proceeds of any
such Indebtedness in calculating Unrestricted Domestic Cash), to exceed 4.00 to 1.00. 

“Maximum Incremental Amount” means an amount represented by Incremental Term Commitments to be established pursuant to Section 2.21 that would not, immediately after giving effect to the establishment thereof (and
assuming such Incremental Term Commitments are fully drawn), the establishment of any other Indebtedness incurred substantially simultaneously therewith and any related repayment of Indebtedness, cause the First Lien Net Leverage Ratio, calculated
on a pro forma basis as of the date of incurrence of such Indebtedness (but disregarding the proceeds of any such Indebtedness in calculating Unrestricted Domestic Cash), to exceed 3.50 to
1.00. 
 “Minimum Extension Condition” has the
meaning assigned to such term in Section 2.23(b). 

  
 -23- 

 “Minimum Tranche Amount” has the meaning assigned to such term in
Section 2.23(b). 
 “Moody’s” means Moody’s Investors Service, Inc. 

“Mortgage” means a mortgage, deed of trust, assignment of leases and rents, leasehold mortgage or other security document
granting a Lien on any Mortgaged Property to secure the Obligations. Each Mortgage shall be in form and substance reasonably satisfactory to the Administrative Agent. 

“Mortgaged Property” means each parcel of real property and improvements thereto with respect to which a Mortgage is granted
pursuant to Section 5.12 or 5.13. 
 “Multiemployer Plan” means a multiemployer plan as defined in
Section 4001(a)(3) of ERISA. 
 “Net Leverage Ratio”
means, on any date, the ratio of (a) Total Indebtedness as of such date less the aggregate amount (not to exceed $65,000,000) of the sum of Unrestricted
Domestic Cash plus Unrestricted Foreign Cash, in each case as of such date, to (b) Consolidated EBITDA for the period of four consecutive fiscal quarters of the Borrower ended on such date (or, if such date is not the last day of a fiscal
quarter, ended on the last day of the fiscal quarter of the Borrower most recently ended prior to such date for which financial statements are available). 

“Net Proceeds” means, with respect to any event (a) the cash proceeds received in respect of such event including
(i) any cash received in respect of any noncash proceeds, but only as and when received, (ii) in the case of a casualty, insurance proceeds in excess of
$1,000,000500,000 and (iii) in the case of a condemnation or similar event, condemnation awards and similar payments, net of (b) the sum of (i) all reasonable fees and out-of-pocket expenses paid by the Borrower and the Subsidiaries to third parties (other than Affiliates) in connection with such event, (ii) in the case of a sale, transfer or other disposition of an
asset (including pursuant to a sale and leaseback transaction or a casualty or a condemnation or similar proceeding), the amount of all payments required to be made by the Borrower and the Subsidiaries as a result of such event to repay Indebtedness
(other than Loans, Pari Passu Alternative Incremental Debt or any Permitted Term Loan Refinancing Indebtedness or
Indebtedness under
the Junior
Loan Documents) secured by such asset or otherwise subject to mandatory prepayment as a result of such event, and (iii) the amount of all Taxes paid
(or reasonably estimated to be payable) by the Borrower and the Subsidiaries, and the amount of any reserves established by the Borrower and the Subsidiaries to fund contingent liabilities reasonably estimated to be payable, in each case during the 24- month period immediately following such event and that are directly attributable to such event (as determined reasonably and in good faith by the chief financial officer of the Borrower) to the extent such
liabilities are actually paid within such applicable time periods. 
 “Net Working Capital” means, at any date,
(a) the consolidated current assets of the Borrower and its consolidated Subsidiaries as of such date (excluding cash and Permitted Investments) minus (b) the consolidated current liabilities of the Borrower and its consolidated
Subsidiaries as of such date (excluding current liabilities in respect of Indebtedness). Net Working Capital at any date may be a positive or negative number. Net Working Capital increases when it becomes more positive or less negative and decreases
when it becomes less positive or more negative. 
 “Non-Consenting Lender” has the
meaning assigned to such term in Section 10.02(c). 

  
 -24- 

 “Non-U.S. Lender” means a Lender
that is not a U.S. Person. 
 “NYFRB” means the Federal Reserve Bank of New York. 

“NYFRB Rate” means, for any day, the greater of (a) the Federal Funds Effective Rate in effect on such day and
(b) the Overnight Bank Funding Rate in effect on such day (or for any day that is not a Banking Day, for the immediately preceding Banking Day); provided that if none of such rates are published for any day that is a Business Day, the
term “NYFRB Rate” means the rate for a federal funds transaction quoted at 11:00 a.m. on such day received to the Administrative Agent from a Federal funds broker of recognized standing selected by it; provided, further, that if any
of the aforesaid rates shall be less than zero, such rate shall be deemed to be zero for purposes of this Agreement. 

“Obligations” has the meaning assigned to such term in the Guarantee and Collateral Agreement. 

“OSHA” means the Occupational Safety and Hazard Act of 1970. 

“Other Taxes” means any present or future stamp, court, documentary, intangible, recording, filing or similar excise or
property Taxes that arise from any payment made under, from the execution, delivery, performance, enforcement or registration of, or from the registration, receipt or perfection of a security interest under, or otherwise with respect to, any Loan
Document, except any such Taxes imposed with respect to an assignment (other than an assignment under Section 2.19(b)). 

“Overnight Bank Funding Rate” means, for any day, the rate comprised of both over-night federal funds and overnight
Eurodollar borrowings by U.S.-managed banking offices of depository institutions, as such composite rate shall be determined by the NYFRB as set forth on its public website from time to time, and published on the next succeeding Business Day by the
NYFRB as an overnight bank funding rate (from and after such date as the NYFRB shall commence to publish such composite rate). 
 “Pari Passu Alternative Incremental Debt” has the meaning assigned to such term in the definition of “Alternative Incremental
Debt”. 

“Pari Passu Permitted Term Loan Refinancing Indebtedness” means Term Loan Refinancing Indebtedness that is secured by Liens on the Collateral on a pari passu basis with the Liens on the Collateral securing the Obligations. 
 “Participant” has the meaning assigned to such term in
Section 10.04(e). 
 “Participant Register” has the meaning assigned to such term in Section 10.04(e). 

“PATRIOT Act” has the meaning assigned to such term in Section 10.16. 

“PBGC” means the Pension Benefit Guaranty Corporation referred to and defined in ERISA and any successor entity performing
similar functions. 
 “Perfection Certificate” means a certificate in the form of Exhibit F hereto or any other form
approved by the Collateral Agent. 

  
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 “Permitted Acquisition”
means any acquisition, whether by purchase, merger, consolidation or otherwise, by the Borrower or a Subsidiary of all or substantially all the assets of, or all of
the Equity Interests in, a Person or a division, line of business or other business unit of a Person so long as (a) such acquisition shall not have been preceded by a tender offer that has not been approved or otherwise recommended by the board
of directors of such Person, (b) such assets are to be used in, or such Person so acquired is engaged in, as the case may be, a business of the type conducted by the Borrower and its Subsidiaries on the date of execution of this Agreement or in
a business reasonably related thereto and (c) immediately after giving effect thereto, (i) (other than with respect to Limited Conditionality Acquisitions) no Default has occurred and is continuing or would result therefrom, (ii) all
transactions related thereto are consummated in all material respects in accordance with Applicable Laws, (iii) all of the Equity Interests (other than Assumed Preferred Stock) of each Subsidiary formed for the purpose of or resulting from such
acquisition shall be owned directly by the Borrower or a Subsidiary and all actions required to be taken under Sections 5.12 and 5.13 have been taken, (iv) (other than with respect to Limited Conditionality Acquisitions) the Secured Net Leverage
Ratio, on a pro forma basis after giving effect to such acquisition and recomputed as of the last day of the most recently ended fiscal quarter of the Borrower for which financial statements are available, as if such acquisition (and any related
incurrence or repayment of Indebtedness) had occurred on the first day of the relevant period (but disregarding the proceeds of any such Indebtedness in calculating Unrestricted Domestic Cash) is no greater than 3.50 to 1.00, (v) any Indebtedness or
any preferred stock that is incurred, acquired or assumed in connection with such acquisition shall be in compliance with Section 6.01 and (vi) the Borrower has delivered to the Administrative Agent an officers’ certificate to the
effect set forth in clauses (a), (b) and (c)(i) through (v) above, together with all relevant financial information for the Person or assets to be acquired; provided further that no Limited Conditionality Acquisition shall become effective unless
(i) no Default or Event of Default shall have occurred and be continuing as of the date of entry into the Limited Conditionality Acquisition Agreement, (ii) on the date of effectiveness of the Limited Conditionality Acquisition Agreement,
the representations and warranties of each Loan Party set forth in the Loan Documents shall be true and correct in all material respects (or in all respects if qualified by materiality) on and as of such date and (iii) on the date of
effectiveness of the Limited Conditionality Agreement and assuming any Indebtedness to be incurred or repaid in connection with such acquisition was incurred or repaid on such date, the Secured Net Leverage Ratio of the Borrower, on a pro forma
basis after giving effect to such acquisition (and any related incurrence or repayment of Indebtedness, but disregarding the proceeds of any such Indebtedness in calculating Unrestricted Domestic Cash), is no greater than 3.50 to 1.00.
Notwithstanding anything to the contrary herein, no acquisition or other transaction shall be deemed to be a Permitted Acquisition during the Senior Period. 

  
 -26- 

 “Permitted Bond Hedge Transaction” means any call or capped call option (or
substantively equivalent derivative transaction) relating to the Borrower’s common stock (or other securities or property following a merger event or other change of the common stock of the Borrower) purchased by the Borrower in connection with
the issuance of any Permitted Convertible Indebtedness and in each case existing as of the Sixth Amendment Effective Date; provided, that the purchase price for such Permitted Bond Hedge Transaction, less the proceeds received by the Borrower from the sale of any related Permitted Warrant Transaction, does not exceed the net
proceeds received by the Borrower from the sale of such Permitted Convertible Indebtedness issued in connection with such Permitted Bond Hedge Transaction. 

“Permitted Convertible Indebtedness” means Indebtedness of the Borrower under the Convertible Notes outstanding on the
Closing Date. 
 “Permitted Encumbrances” means: 

(a)        Liens imposed by law for taxes that are not yet due or are being contested
in compliance with Section 5.05; 
 (b)        carriers’,
warehousemen’s, mechanics’, materialmen’s, repairmen’s and other like Liens imposed by law, arising in the ordinary course of business and securing obligations that are not overdue by more than 30 days or are being contested in
compliance with Section 5.05; 
 (c)        pledges and deposits made in the
ordinary course of business in compliance with workers’ compensation, unemployment insurance and other social security laws or regulations; 

(d)        deposits to secure the performance of bids, trade contracts, leases,
statutory obligations, surety and appeal bonds, performance bonds and other obligations of a like nature, in each case in the ordinary course of business; 

(e)        judgment Liens in respect of judgments that do not constitute an Event of
Default under clause (k) of Article VII; 
 (f)        easements, zoning
restrictions, rights-of-way and similar encumbrances on real property imposed by law or arising in the ordinary course of business that do not secure any monetary
obligations and do not materially detract from the value of the affected property or interfere with the ordinary conduct of business of the Borrower or any Subsidiary; 

(g)        ground leases in respect of real property on which facilities owned or
leased by the Borrower or any of the Subsidiaries are located, other than any Mortgaged Property; 

(h)        Liens in favor or customs and revenue authorities arising as a matter of
law to secure payment of customs duties in connection with the importation of goods in the ordinary course of business; 

(i)        leases or subleases granted to other Persons and not interfering in any
material respect with the business of the Borrower and the Subsidiaries, taken as a whole; 

  
 -27- 

 (j)        banker’s liens,
rights of set-off or similar rights, in each case arising by operation of law; and 

(k)        Liens in favor of a landlord on leasehold improvements in leased premises;

 provided that the term “Permitted Encumbrances” shall not include any Lien securing Indebtedness. 

“Permitted Investments” means: 

(a)        direct obligations of, or obligations the principal of and interest on
which are unconditionally guaranteed by, the United States of America (or by any agency thereof to the extent such obligations are backed by the full faith and credit of the United States of America), in each case
maturing within one year from the date of acquisition thereof; 

(b)        investments in commercial paper maturing within one year from the date of
acquisition thereof and having, at such date of acquisition, the highest credit rating obtainable from S&P or from Moody’s; 

(c)        investments in certificates of deposit, banker’s acceptances and time
deposits maturing within one year from the date of acquisition thereof issued or guaranteed by or placed with, and money market deposit accounts issued or offered by, any domestic office of any commercial bank organized under the laws of the United
States of America or any State thereof that has a combined capital and surplus and undivided profits of not less than $500,000,000; 

(d)        fully collateralized repurchase agreements with a term of not more than 30
days for securities described in clause (a) above and entered into with a financial institution satisfying the criteria described in clause (c) above; 

(e)        securities issued by any state of the United States of America or any
political subdivision of any such state or any public instrumentality thereof having maturities of not more than six months from the date of acquisition thereof and, at the time of acquisition, having the highest credit rating obtainable from
S&P or from Moody’s; 
 (f)        securities issued by any foreign
government or any political subdivision of any foreign government or any public instrumentality thereof having maturities of not more than six months from the date of acquisition thereof and, at the time of acquisition, having the highest credit
rating obtainable from S&P or from Moody’s; 
 (g)        investments of
the quality as those identified on Schedule 6.04 as “Qualified Foreign Investments” made in the ordinary course of business; 

(h)        cash; and 

(i)        investments in funds that invest solely in one or more types of securities
described in clauses (a), (e) and (f) above. 

“Permitted Joint Venture and Foreign Subsidiary Investments” means investments by the Borrower or any Subsidiary in the Equity Interests of (a) any Person that is not a Subsidiary or (b) any Person that is a Foreign Subsidiary, in an
aggregate amount not to exceed $75,000,000 (provided that such amount shall be increased to $100,000,000 so long as the Net Leverage Ratio (calculated on a pro 

  
 -28- 

 forma basis after giving effect to such
investment and any related incurrence or repayment of Indebtedness) is less than 3.25 to 1.00). 

“Permitted Term Loan Refinancing Indebtedness” means any Indebtedness incurred to refinance all or any portion of the outstanding Term Loans;
provided that, (iof the Borrower or any of its Subsidiaries issued in exchange for, or the net
proceeds of which are used to extend, refinance, renew, replace, defease or refund other Indebtedness of the Borrower or any of its Subsidiaries; provided that (a) the principal amount (or accreted value, if applicable) of such Permitted
Refinancing Indebtedness does not exceed the principal amount (or accreted value, if applicable) of the Indebtedness so extended, refinanced, renewed, replaced, defeased or refunded (plus all accrued interest thereon and the amount of any reasonable
expenses incurred in connection therewith), (b) such Permitted Refinancing Indebtedness has a final maturity date later than the final maturity date of the Indebtedness being extended, refinanced, renewed, replaced, defeased or refunded, and an
average life to maturity greater than the average life to maturity of the Indebtedness being extended, refinanced, renewed, replaced, defeased or refunded, (c) if the Indebtedness being extended, refinanced, renewed, replaced, defeased or
refunded is contractually subordinated in right of payment to the Term Loans, such Permitted Refinancing Indebtedness is contractually subordinated in right of payment to the Term Loans on terms at least as favorable to the Lenders as those
contained in the documentation governing the Indebtedness being extended, refinanced, renewed, replaced, defeased or refunded, (d) if the Indebtedness being extended, refinanced, renewed, replaced, defeased or refunded is pari passu in right of
payment with the Term Loans or any guarantee therefor, such Permitted Refinancing Indebtedness is pari passu in right of payment with, or subordinated in right of payment to, the Term Loans or such guarantee, and, in any event, such Permitted
Refinancing Indebtedness shall not have a higher priority with respect to payments or collateral than the Indebtedness being extended, refinanced, renewed, replaced, defeased or refunded; (e) the terms and conditions of such Permitted
Refinancing Indebtedness shall be no more materially restrictive, when taken as a whole, than the terms and conditions of the Indebtedness being extended, refinanced, renewed, replaced, defeased or refunded (and, to the extent the Indebtedness being
extended, refinanced, renewed, replaced, defeased or refunded permits the payment of any interest thereon “in kind”, the Refinancing Indebtedness thereof shall likewise permit the payment of interest “in kind”), (f) such
Permitted Refinancing Indebtedness is not incurred or guaranteed by any Person who is not an obligor under the Indebtedness being extended, refinanced, renewed, replaced, defeased or refunded and is not secured by any property that does not secure
the Indebtedness being extended, refinanced, renewed, replaced, defeased or refunded and, if secured, shall not be secured at a higher priority than the Indebtedness being extended, refinanced, renewed, replaced, defeased or refunded, (g) if
the obligor of the Indebtedness being extended, refinanced, renewed, replaced, defeased or refunded is a Foreign Subsidiary, the proceeds of such Permitted Refinancing Indebtedness must be used for ordinary course working capital purposes of such
Foreign Subsidiary and (h) such refinancing Indebtedness, if secured, is secured only by Liens on the Collateral on a
pari passu or junior basis with the Liens on the Collateral securing the Obligations (provided that the Permitted Term Loan Refinancing Indebtedness shall not consist of bank loans that are secured by the Collateral on a pari
passu basis with the Liens on the Collateral securing the Obligations) and is not secured by any property or assets of the Borrower or any of the Subsidiaries other than the Collateral, (ii) no Subsidiary that is not originally obligated with
respect to repayment of the Indebtedness being refinanced is obligated with respect to the refinancing Indebtedness, (iii) the weighted average life to maturity of the refinancing Indebtedness shall be no shorter than the remaining weighted
average life to maturity of the Terms Loans being refinanced, (iv) the maturity date in respect of the refinancing Indebtedness shall not be earlier than the maturity date in respect of the Indebtedness being refinanced,
(v) the 

  
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 principal amount of such
refinancing Indebtedness does not exceed the principal amount of the Indebtedness so refinanced except by an amount (such amount, the “Additional Permitted Amount”) equal to unpaid accrued interest and premium
thereon at such time plus reasonable fees and expenses incurred in connection with such refinancing, (vi) the Indebtedness being so refinanced is paid down on a
dollar-for-dollar basis by such refinancing Indebtedness (other than by the Additional Permitted Amount), (vii) the terms of any such refinancing Indebtedness (1)
(excluding pricing, fees and rate floors and optional prepayment or redemption terms and subject to clause (2) below) reflect, in the Borrower’s reasonable judgment, then-existing market terms and conditions and (2) (excluding pricing,
fees and rate floors) are no more favorable to the lenders providing such refinancing Indebtedness than those applicable to the Indebtedness being refinanced (in each case, including with respect to mandatory and optional prepayments);
provided that the foregoing shall not apply to covenants or other provisions applicable only to periods after the Latest Maturity Date in effect immediately prior to the establishment of such refinancing Indebtedness;
provided further that any such refinancing Indebtedness may contain, without any Lender’s consent, additional covenants or events of default not otherwise applicable to the Indebtedness being refinanced or covenants more
restrictive than the covenants applicable to the Indebtedness being refinanced, in each case prior to the Latest Maturity Date in effect immediately prior to the establishment of such refinancing Indebtedness, so long as this Agreement is amended to
provide all of the Lenders with the benefits of such additional covenants, events of default or more restrictive covenants and (viii) such refinancing Indebtedness, if secured, shall be
subject to a customary intercreditor agreement in form and substance reasonably satisfactory to the Administrative Agent. 
 “Permitted Unsecured Debt” means any unsecured notes or bonds or other unsecured debt securities; provided that (a) such
Indebtedness shall not mature prior to the date that is 91 days after the Latest Maturity Date in effect at the time of the issuance of such Indebtedness and shall not have any principal payments due prior to such date, except upon the occurrence of
a change of control or similar event (including asset sales), in each case so long as the provisions relating to change of control or similar events (including asset sales) included in the governing instrument of such Indebtedness provide that the
provisions of this Agreement must be satisfied prior to the satisfaction of such provisions of such Indebtedness, (b) such Indebtedness is not Guaranteed by any Subsidiary of the Borrower other than the Loan Parties (which Guarantees shall be
unsecured and shall be permitted only to the extent permitted by Section 6.01(a)(vi)), (c) such Indebtedness shall not have any financial maintenance covenants, (d) such Indebtedness shall not have a definition of “Change of
Control” or “Change in Control” (or any other defined term having a similar purpose) that is materially more restrictive than the definition of Change in Control set forth herein and (e) such Indebtedness, if subordinated in
right of payment to the Obligations, shall be subject to subordination and intercreditor provisions that are, in the Administrative Agent’s reasonable judgment, customary under then-existing market convention. 
 “Permitted Warrant Transaction” means any call option, warrant or right to
purchase (or substantively equivalent derivative transaction) relating to the Borrower’s common stock (or other securities or property following a merger event or other change of the common stock of the Borrower) and/or cash (in an amount
determined by reference to the price of such common stock) sold by the Borrower substantially concurrently with any purchase by the Borrower of a Permitted Bond Hedge
Transaction, in each case existing as of the Sixth Amendment Effective Date.

 “Person” means any natural person, corporation, limited liability company, trust, joint venture, association,
company, partnership, Governmental Authority or other entity. 

  
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“PIK Amount” has
the meaning assigned to such term in Section 2.13(d). 
 “PIK Portion” has the meaning assigned to such term in the definition of “Applicable Rate.” 
 “Plan” means any employee pension benefit plan (other than a Multiemployer
Plan) subject to the provisions of Title IV of ERISA or Section 412 of the Code or Section 302 of ERISA, and in respect of which the Borrower or any ERISA Affiliate is (or, if such plan were terminated, would under Section 4069 of
ERISA be deemed to be) an “employer” as defined in Section 3(5) of ERISA. 
 “Preferred Dividends”
means any cash dividends of the Borrower permitted hereunder to be paid with respect to preferred stock of the Borrower. 

“Prepayment Event” means: 

(a)        any sale, transfer or other disposition (including pursuant to a sale and leaseback transaction) of any property or asset of the Borrower or any Subsidiary, other
than (i) prior to the Discharge of ABL Obligations, ABL Priority Collateral, and (ii) dispositions described in clauses (a), (b), (c), (d), (f), and (g) and (j) (but only to the extent the
sales, transfers or other dispositions under clause (j) do not exceed $15,000,000) of Section 6.05 and
Section 6.06(a); provided that an Acquisition Lease Financing shall not constitute a Prepayment Event; or 

(b)        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 asset of the Borrower or any Subsidiary (other than, prior
to the Discharge of ABL Obligations, ABL Priority Collateral) having a book value or fair market value in excess of $500,000, but
only to the extent that the Net Proceeds therefrom have not been applied to repair, restore or replace such property or asset within 365 days after such event; 

(c)        
to the extent, prior to the Discharge of ABL Obligations, not constituting ABL Priority Collateral, the receipt of any cash by the Borrower or any Subsidiary not in the ordinary course of business in an amount in excess of $500,000 from
(a) tax refunds, (b) pension plan reversions, (c) proceeds of insurance (including key man life insurance, but excluding Net Proceeds described in clause (b) above and Net Proceeds from product liability insurance), (d)
judgments, proceeds of settlements or other consideration of any kind in connection with any cause of action, (e) indemnity payments and (f) any purchase price adjustment received in connection with any purchase agreement to the extent not
needed to reimburse the Borrower or applicable Subsidiary for any reasonable and customary out-of-pockets costs and expenses previously incurred by the Borrower or
applicable Subsidiary with respect to which such purchase price adjustment was received; 

(d)        the receipt of cash from any issuance of Equity Interests of the Borrower
or any contribution of equity capital to the Borrower; or 
 (e)        the
incurrence by the Borrower or any Subsidiary of any Indebtedness, other than Indebtedness permitted by Section 6.01(a) (except
Indebtedness permitted by Section 6.01(a)(xiii)). 

  
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 “Prime Rate” means the rate of interest per annum publicly announced from
time to time by JPMCB as its prime rate in effect at its principal office in New York City; each change in the Prime Rate shall be effective from and including the date such change is publicly announced as being effective. 

“Public-Sider” means a Lender whose representatives may trade in securities of the Borrower or any of its Subsidiaries while
in possession of the financial statements provided by the Borrower under the terms of this Agreement or who otherwise has identified
itself to the Administrative Agent as a “Public-Sider”. 

“Qualified Borrower Preferred Stock” means any preferred capital stock or preferred equity interest of the Borrower (a)(i)
that does not provide for any cash dividend payments or other cash distributions in respect thereof prior to the Latest Maturity Date in effect as of the date of issuance of such Indebtedness and (ii) that by its terms (or by the terms of any
security into which it is convertible or for which it is exchangeable or exercisable) or upon the happening of any event does not (A)(x) mature or become mandatorily redeemable pursuant to a sinking fund obligation or otherwise, (y) become
convertible or exchangeable at the option of the holder thereof for Indebtedness or preferred stock that is not Qualified Borrower Preferred Stock or (z) become redeemable at the option of the holder thereof (other than as a result of a change
of control event), in whole or in part, in each case on or prior to the date that is 365 days after the Latest Maturity Date in effect at the time of the issuance thereof and
(B) provide holders thereunder with any rights upon the occurrence of a “change of control” event prior to the repayment of the Obligations and termination of the Commitments under the Loan Documents,
(b) with respect to which the Borrower has delivered a notice to the Administrative Agent that it has issued preferred stock or preferred equity interests in lieu of incurring Indebtedness permitted by clause (xii) under
Section 6.01(a), with such notice specifying to which of such Indebtedness such preferred stock or preferred equity interest applies; provided that (i) the aggregate liquidation value of all such preferred stock or
preferred equity interest issued pursuant to this clause (b) shall not exceed at any time the dollar limitation related to the applicable Indebtedness hereunder, less the aggregate principal amount of such Indebtedness then outstanding and
(ii) the terms of such preferred stock or preferred equity interests (x) shall provide that upon a default thereof, the remedies of the holders thereof shall be limited to the right to additional representation on the board of directors of
the Borrower and (y) shall otherwise be no less favorable to the Lenders, in the aggregate, than the terms of the applicable Indebtedness or (c) having an aggregate initial liquidation value not to exceed $10,000,000; provided that the terms of such preferred stock or preferred equity interests shall provide that upon a default thereof, the remedies of the holders thereof shall be limited to the right to additional
representation on the board of directors of the Borrower. Qualified Borrower Preferred Stock shall include the preferred equity
interests of the Borrower issued to the lenders under the Junior Credit Agreement pursuant to the Sixth Amendment Transactions. 

“Quotation Day” means, with respect to any Eurocurrency Loan for any Interest Period, two Business Days prior to the
commencement of such Interest Period. 
 “Real Estate” has the meaning assigned to such term in the ABL Credit Agreement as
of the date hereof. 
 “Register” has the meaning assigned to such term in Section 10.04(c). 

“Registered Equivalent Notes” means, with respect to any bonds,
notes, debentures or similar instruments originally issued in a Rule 144A or other private placement transaction under the Securities Act, substantially identical notes (having the same Guarantees) issued in a dollar for dollar exchange therefor
pursuant to an exchange offer registered with the Commission. 

  
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 “Regulation U” shall mean Regulation U of the Board as from time to time in
effect and all official rulings and interpretations thereunder or thereof. 
 “Regulation X” shall mean Regulation X of the
Board as from time to time in effect and all official rulings and interpretations thereunder or thereof. 
 “Related
Parties” means, with respect to any specified Person, such Person’s Affiliates and the respective directors, officers, employees, agents, trustees and advisors of such Person and of such Person’s Affiliates. 

“Release” means any release, spill, emission, leaking, dumping, injection, pouring, deposit, disposal, discharge, dispersal,
leaching or migration into or through the environment (including ambient air, surface water, groundwater, land surface or subsurface strata) or within any building, structure, facility or fixture. 

“Replacement Term Loans” has the meaning
assigned to such term in Section 10.02(d). 
 “Repricing Transaction” means (a) any prepayment of Term B Loans with the proceeds of a substantially concurrent incurrence of term loan Indebtedness
by the Borrower or any Subsidiary in respect of which the all-in yield is, on the date of such prepayment, lower than the all-in yield on such Term B Loans (with the all-in yield calculated by the Administrative Agent in accordance with standard market practice, taking into account, in each case, any interest rate floors, the Applicable Rate hereunder and the interest rate
spreads under such Indebtedness, and any original issue discount and upfront fees applicable to or payable in respect of such Term B Loans and such Indebtedness with the original issue discount and upfront fees being equated to interest rate
assuming a four-year life to maturity of such Indebtedness (but excluding arrangement, structuring, underwriting, commitment, amendment or other fees regardless of whether paid in whole or in part to any or all lenders of such Indebtedness and any
other fees that are not paid generally to all lenders of such Indebtedness)) and (b) any amendment, amendment and restatement or other modification to this Agreement that reduces the all-in yield
(calculated as set forth in clause (a) above) of the Term B Loans. 

“Required Lenders” means, at any time, Lenders having outstanding Term Loans representing more than 50% of the outstanding
Term Loans at such time. 
 “Restricted Indebtedness” means Indebtedness of the Borrower or any Subsidiary, the payment,
prepayment, redemption, repurchase or defeasance of which is restricted under Section 6.08(b). 
 “Restricted Payment”
means any dividend or other distribution (whether in cash, securities or other property) with respect to any Equity Interests in the Borrower or any Subsidiary, or any payment (whether in cash, securities or other property), including any partial or
full cash settlement of Convertible Notes, sinking fund or similar deposit, on account of the purchase, redemption, retirement, acquisition, cancelation or termination of any Equity Interests in the Borrower or any Subsidiary or any option, warrant
or other right to acquire any such Equity Interests in the Borrower or any Subsidiary. 
 “Retained Percentage” means, with respect to any Excess Cash Flow Period, (a) 100% minus (b) the ECF Percentage with respect
to such Excess Cash Flow Period. 
 “Rolling 13-Week Cash Flow Forecast” has the meaning assigned to such term in Section
5.01(j). 

  
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 “S&P” means Standard & Poor’s Financial
Services LLC, or any successor thereto. 
 “Sanctioned Country” means, at any time, a country, region or territory which is
itself the subject or target of any Sanctions (at the time of this Agreement, the Crimea region of Ukraine, Cuba, Iran, North Korea, Sudan and Syria). 

“Sanctioned Person” means, at any time, (a) any Person listed in any Sanctions-related list of designated Persons
maintained by the Office of Foreign Assets Control of the U.S. Department of the Treasury, the U.S. Department of State, or by the United Nations Security Council, the European Union or any European Union member state, (b) any Person operating,
organized or resident in a Sanctioned Country or (c) any Person owned or controlled by any such Person or Persons described in the foregoing clauses (a) or (b). 

“Sanctions” means all economic or financial sanctions or trade embargoes imposed, administered or enforced from time to time
by (a) the U.S. government, including those administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury or the U.S. Department of State or (b) the United Nations Security Council, the European Union or Her
Majesty’s Treasury of the United Kingdom. 
 “Screen Rate” has the meaning assigned to such term in the definition of
“LIBO Rate”. 
 “Secured
Indebtedness” means Total Indebtedness that is secured by a Lien on any asset of the Borrower or any of its Subsidiaries. 

“Secured Net Leverage Ratio” means, on any
date, the ratio of (a) Secured Indebtedness as of such date less the aggregate amount (not to exceed $65,000,000) of the sum of Unrestricted Domestic Cash plus Unrestricted Foreign Cash, in each case as of such
date, to (b) Consolidated EBITDA for the period of four consecutive fiscal quarters of the Borrower ended on such date (or, if such date is not the last day of a fiscal quarter, ended on the last day of the fiscal quarter of the Borrower most
recently ended prior to such date for which financial statements are available). 

“Secured Parties” has the meaning assigned to such term in the Guarantee and Collateral Agreement. 

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

“Security Documents” means the Guarantee and Collateral Agreement, the Intercreditor AgreementAgreements, the Mortgages and each other security agreement or other instrument or document executed and delivered pursuant to Section 5.12 or 5.13 to secure any of the Obligations. 

“Senior Agent” means the Administrative Agent under the Senior Credit Agreement. 

“Senior Credit Agreement” means the Credit Agreement, dated as of the Fifth Amendment Effective Date, by and among Horizon
Global Corporation, the several banks and other financial institutions or entities from time to time party thereto and Cortland Capital Market Services LLC, as Administrative Agent. 

“Senior Loan Documents” means the “Loan Documents” as defined in the Senior Credit Agreement. 

  
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 “Senior
Period” means the period beginning on the Fifth Amendment Date and ending at the time of the Discharge of Senior Obligations. 

“Series” has the meaning assigned to such
term in Section 2.21(b). 
 “Significant Investment”
means any acquisition by the Borrower or a Subsidiary of more than 50% (but less than 100%) of the Equity Interests in a Person (such Person, the “Subject Person”), so long as such acquisition is permitted by Section 6.04. 

“Sixth Amendment”
means that certain Sixth Amendment to this Credit Agreement, dated as of March 15, 2019, among the Borrower, the other Loan Parties, the Administrative Agent and the Lenders party thereto.

 “Sixth
Amendment Effective Date” means the “Effective Date” as set forth in the Sixth Amendment. 

“Sixth Amendment
Transactions” means (a) the execution, delivery and performance of (1) the Senior Credit Agreement and the transactions contemplated thereby, the (2) the Fifth Amendment and the transactions contemplated thereby and (3) the
Sixth Amendment to the ABL Loan Documents, (b) the refinancing of the Indebtedness under the Senior Credit Agreement on the Sixth Amendment Effective Date, (c) the execution, delivery and performance by each Loan Party of the Seventh
Amendment to the ABL Loan Documents, (d) the execution, delivery and performance by each Loan Party of the Sixth Amendment and the transactions contemplated thereby, (e) the execution, delivery and performance by each Loan Party of the
Junior Loan Documents and the transactions contemplated thereby, including the issuance of warrants and preferred equity interests of the Borrower pursuant thereto, and (f) the payment of the fees and expenses payable in connection with the
foregoing. 
 “Specified Time” means 11:00 a.m., London time.

 “Specified Vendor Payables Financing”
means the sale by one or more vendors of the Borrower and certain Subsidiaries of accounts receivable (which such accounts receivable are accounts payable of the Borrower and such Subsidiaries) to one or more financial institutions pursuant to
third- party financing agreements, to which the Borrower and such Subsidiaries are party, in transactions constituting “true sales”; provided that the aggregate amount of all such vendor payables financings shall not exceed $30,000,000 at
any time outstanding. 
 “Specified Vendor Payables Financing Documents” means all documents and agreements relating to the Specified Vendor Payables Financing. 
 “Specified Vendor Receivables Financing” means the sale by the Borrower and
certain Subsidiaries of accounts receivable to one or more financial institutions pursuant to third-party financing agreements in transactions constituting “true sales”;
provided that the aggregate amount of all such receivables financings shall not exceed $50,000,000 at any time outstanding
which are permitted pursuant to Section 6.01(a)(iv). 

“Specified Vendor Receivables Financing Documents” means all documents and agreements relating to the Specified Vendor
Receivables Financing. 

  
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 “Spin-Off” means a “spin-off” transaction with respect to the Borrower such that all of the Equity Interests in the Borrower are “spun-off” from TriMas ratably to the holders
of all the Equity Interests in TriMas and the Borrower ceases to be a Subsidiary of TriMas and becomes a public company. 
 “Spin-Off Agreement” means a Separation and Distribution Agreement, dated as of or prior to the Closing Date, by and between the Borrower and TriMas. 

“Spin-Off Documentation” means, collectively, the
Spin-Off Agreement and all schedules, exhibits and annexes thereto and all side letters and agreements affecting the terms thereof or entered into in connection therewith, including, without limitation,
(i) an employee matters agreement by and between the Borrower and TriMas, (ii) a tax sharing agreement by and between the Borrower and TriMas and (iii) a transition services agreement by and between the Borrower and TriMas. 

“Statutory Reserve Rate” means a fraction (expressed as a decimal), the numerator of which is the number one and the
denominator of which is the number one minus the aggregate of the maximum reserve percentages (including any marginal, special, emergency or supplemental reserves) expressed as a decimal established by the Board to which the Administrative Agent is
subject with respect to the Adjusted LIBO Rate, for eurocurrency funding (currently referred to as “Eurocurrency Liabilities” in Regulation D of the Board). Such reserve percentages shall include those imposed pursuant to such
Regulation D. Eurocurrency Loans shall be deemed to constitute eurocurrency funding and to be subject to such reserve requirements without benefit of or credit for proration, exemptions or offsets that may be available from time to time to any
Lender under any Applicable Law. The Statutory Reserve Rate shall be adjusted automatically on and as of the effective date of any change in any reserve percentage. 

“Subject Person” has the meaning assigned to such term in the definition of “Significant Investment.” 

“Subordinated Debt” means any subordinated Indebtedness of the Borrower or any Subsidiary. 

“subsidiary” means, with respect to any Person (the “parent”) at any date, any corporation, limited
liability company, partnership, association or other entity the accounts of which would be consolidated with those of the parent in the parent’s consolidated financial statements if such financial statements were prepared in accordance with
GAAP as of such date, as well as any other corporation, limited liability company, partnership, association or other entity (a) of which securities or other ownership interests representing more than 50% of the ordinary voting power or, in the
case of a partnership, more than 50% of the general partnership interests are, as of such date, owned, controlled or held, or (b) that is, as of such date, otherwise Controlled, by the parent or one or more subsidiaries of the parent or by the
parent and one or more subsidiaries of the parent. 
 “Subsidiary” means any subsidiary of the Borrower. 

“Subsidiary Loan Party” means any Subsidiary that is not (i) a Foreign Subsidiary (other than any Foreign Subsidiary
organized under the laws of Germany, the United Kingdom (or any political subdivision thereof), Mexico, Canada or the Netherlands), (ii) a CFC (other than any CFC organized under the laws of Germany, the United Kingdom (or any political subdivision
thereof), Mexico, Canada or the Netherlands), or (iii) a U.S. Holdco or (iv) an Immaterial Subsidiary; provided, that the Required Lenders, in their solereasonable good faith discretion, may at any time
requestrequire any Foreign 

  
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 Subsidiary, CFC or U.S. Holdco to become a Subsidiary Loan Party if such Foreign Subsidiary, CFC or U.S. Holdco has become a “Loan Party” under the Senior Loan Documents. 

“Syndication Agents” means BMO Capital Markets Corp. and Wells Fargo Securities, LLC. 

“Synthetic Purchase Agreement” means any swap, derivative or other agreement or combination of agreements pursuant to which
the Borrower or a Subsidiary is or may become obligated to make (i) any payment (other than in the form of Equity Interests in the Borrower) in connection with a purchase by a third party from a Person other than the Borrower or a Subsidiary of
any Equity Interest or Restricted Indebtedness or (ii) any payment (other than on account of a permitted purchase by it of any Equity Interest or any Restricted Indebtedness) the amount of which is determined by reference to the price or value
at any time of any Equity Interest or Restricted Indebtedness; provided that phantom stock or similar plans providing for payments only to current or former directors, officers, consultants, advisors or employees of the Borrower or the
Subsidiaries (or to their heirs or estates) shall not be deemed to be Synthetic Purchase Agreements. For the avoidance of doubt, the term “Synthetic Purchase Agreement” shall not include any agreement, indenture or other document governing
any Permitted Bond Hedge Transaction, Permitted Convertible Indebtedness or Permitted Warrant Transaction. 
 “Taxes” means
any and all present or future taxes (of any nature whatsoever), levies, imposts, duties, deductions, charges or withholdings imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto. 

“Term Collateral Proceeds Account” means a deposit account identified to the ABL Agent in writing from time to time and in
the name of the Company and for which JPMCB is the depositary bank which contains (or was established to contain) only those proceeds with respect to Term Priority Collateral. 

“Term Intercreditor Agreement” means that Term Intercreditor Agreement, dated as of the FifthSixth Amendment Effective Date, among the Borrower, the other Loan Parties, the Collateral Agent and the SeniorJunior Agent. 

“Term Lender” means a Lender with outstanding Term Loans or a Commitment. 

“Term Loan” means a 2018 Term Loan or an Incremental Term
Loan of any Series. 
 “Term Loan Maturity Date” means the
date that is the sixth anniversary of the Closing Date (or if such date is not a Business Day, the immediately preceding Business Day). 

“Term Priority Collateral” has the meaning assigned to such term in the ABL/Term Loan Intercreditor Agreement. 

“Total Indebtedness” means, as of any date, the aggregate principal amount of Indebtedness for borrowed money (including,
without limitation, Capital Lease Obligations) of the Borrower and the Subsidiaries outstanding as of such date, in the amount that would be reflected on a balance sheet prepared as of such date on a consolidated basis in accordance with GAAP. 

“Total Leverage
Ratio” means, on any date, the ratio of (a) Total Indebtedness as of such date, to (b) Consolidated EBITDA for the period of four consecutive fiscal quarters of the Borrower ended on such date (or, if such date is not the last day of
a fiscal quarter, ended on the last day of the 

  
 -37- 

fiscal quarter of the Borrower most recently
ended prior to such date for which financial statements are available). 

“Transactions” means, collectively, (a) the consummation of the Spin-Off in
accordance with the terms of the Spin-Off Agreement, (b) the payment of a dividend on the Closing Date from the Borrower to TriMas in accordance with the Spin-Off
Agreement (the “Closing Date Dividend”), (c) the execution, delivery and performance by each Loan Party of the ABL Loan Documents to which it is to be a party, the borrowing (if any) of the ABL Loans on the Closing Date and issuance
(if any) of letters of credit thereunder on the Closing Date and the use of the proceeds of the foregoing, (d) the execution, delivery and performance by each Loan Party of the Loan Documents to which it is to be a party, the borrowing of the
Loans on the Closing Date and the use of proceeds thereof, and (e) the payment of the fees and expenses payable in connection with the foregoing. 

“TriMas” means TriMas Company LLC, a Delaware limited liability company. 

“Type,” when used in reference to any Loan or Borrowing, refers to whether the rate of interest on such Loan, or on the Loans
comprising such Borrowing, is determined by reference to the Adjusted LIBO Rate or the Alternate Base Rate. 
 “Unrestricted Domestic Cash” means, as of any date, domestic unrestricted cash and domestic unrestricted Permitted Investments of the Borrower and its
Domestic Subsidiaries as of such date. 
 “Unrestricted Foreign Cash” means, as of any date, unrestricted cash and unrestricted Permitted Investments of the Foreign Subsidiaries as of such
date. 
 “U.S. Holdco” means any existing or future
Domestic Subsidiary the Equity Interests of which are held solely by Foreign Subsidiaries (other than Foreign Subsidiaries organized
under the laws of Germany, the United Kingdom (or any political subdivision thereof), Mexico, Canada or the Netherlands); provided that such existing or newly formed Subsidiary shall not
engage in any business or own any assets other than the ownership of Equity Interests in Foreign Subsidiaries and intercompany obligations that are otherwise permitted hereunder. 

“U.S. Person” means a “United States person” within the meaning of Section 7701(a)(30) of the Code.

 “U.S. Tax Certificate” has the meaning assigned to such term in Section 2.17(f)(i)(D)(2). 

“Westfalia Acquisition” has the meaning set forth in the First Amendment. 

“Westfalia Acquisition Closing Date” has the meaning set forth in the First Amendment. 

“Westfalia Purchase Agreement” has the meaning set forth in the First Amendment. 

“Westfalia Transactions” has the meaning set forth in the First Amendment. 

“Withdrawal Liability” means liability to a Multiemployer Plan as a result of a complete or partial withdrawal from such
Multiemployer Plan, as such terms are defined in Part I of Subtitle E of Title IV of ERISA. 

  
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 “Write-Down and Conversion Powers” means, with respect to any EEA
Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and
conversion powers are described in the EU Bail-In Legislation Schedule. 
 SECTION
1.02      Classification of Loans and Borrowings. For purposes of this Agreement, Loans may be classified and referred to by Class (e.g., a “Term B Loan”) or by Type (e.g., a “Eurocurrency
Loan”) or by Class and Type (e.g., a “Eurocurrency Term B Loan”). Borrowings also may be classified and referred to by Class (e.g., a “Term B Loan Borrowing”) or by Type (e.g., a “Eurocurrency Borrowing”) or
by Class and Type (e.g., a “Eurocurrency Term B Loan Borrowing”). 
 SECTION 1.03      Terms
Generally. The definitions of terms herein shall apply equally to 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.” Unless the context requires otherwise (a) any definition of or reference to any agreement, instrument or other document herein shall be construed as referring to such agreement, instrument or other document as from time to
time amended, supplemented or otherwise modified (subject to any restrictions on such amendments, supplements or modifications set forth herein), (b) any reference herein to any Person shall be construed to include such Person’s successors and
assigns, (c) 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 hereof, (d) all
references herein to Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Exhibits and Schedules to, this Agreement; and (e) the words “asset” and “property” shall be
construed to have the same meaning and effect and to refer to any and all tangible and intangible assets and properties, including cash, securities, accounts and contract rights. 

SECTION 1.04      Accounting Terms;
GAAP.    Except as otherwise expressly provided herein, all terms of an accounting or financial
nature shall be construed in accordance with GAAP, as in effect from time to time; provided that if the Borrower notifies the Administrative Agent that the Borrower requests an amendment to any provision hereof to eliminate the effect of any
change occurring after the Closing Date in GAAP or in the application thereof on the operation of such provision (or if the Administrative Agent notifies the Borrower that the Required Lenders request an amendment to any provision hereof for such
purpose), regardless of whether any such notice is given before or after such change in GAAP or in the application thereof, then such provision shall be interpreted on the basis of GAAP as in effect and applied immediately before such change shall
have become effective until such notice shall have been withdrawn or such provision amended in accordance herewith. Notwithstanding any other provision contained herein, 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 (i) any election under Accounting Standards Codification
825-10-25 (previously referred to as Statement of Financial Accounting Standards 159) (or any other Accounting Standards Codification or Financial Accounting Standard
having a similar result or effect) to value any Indebtedness or other liabilities of the Borrower or any Subsidiary at “fair value,” as defined therein and (ii) any treatment of Indebtedness in respect of convertible debt instruments
or any other Indebtedness under Accounting Standards Codification 470-20 (or any other Accounting Standards Codification or Financial Accounting Standard having a similar result or effect) to value any such
Indebtedness in a reduced or bifurcated manner as described therein, and such Indebtedness shall at all times be valued at the full stated principal amount thereof. 

  
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 ARTICLE II 

The Credits 
 SECTION
2.01      Commitments.Subject to the terms and conditions set forth herein, each 2017 Replacement Term Lender agrees to make a 2017 Replacement Term Loan to the Borrower on the 2017 Replacement Term Loan Facility
Effective Date in a principal amount not exceeding its 2017 Replacement Term Loan Commitment. 

(b)        Amounts repaid or prepaid in respect of Term Loans may not be reborrowed. 

SECTION 2.02      Loans and Borrowings.Each Loan shall be made as part of a Borrowing consisting of Loans
of the same Class and Type made by the Lenders ratably in accordance with their respective Commitments of the applicable Class. The failure of any Lender to make any Loan required to be made by it shall not relieve any other Lender of its
obligations hereunder; provided that the Commitments of the Lenders are several and no Lender shall be responsible for any other Lender’s failure to make Loans as required. 

(b)        [Reserved] 

(c)        Subject to Section 2.14, each Loan shall be comprised entirely of ABR Loans or
Eurocurrency Loans as the Borrower may request in accordance herewith. Each Lender at its option may make any Eurocurrency Loan by causing any domestic or foreign branch or Affiliate of such Lender to make such Loan; provided that any
exercise of such option shall not affect the obligation of the Borrower to repay such Loan in accordance with the terms of this Agreement. 

(d)        At the commencement of each Interest Period for any Eurocurrency Borrowing, such Borrowing
shall be in an aggregate amount that is an integral multiple of $1,000,000 and not less than $1,000,000. At the time that each ABR Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of $500,000 and not
less than $1,000,000. Borrowings of more than one Type and Class may be outstanding at the same time; provided that there shall not at any time be more than a total of 12 Eurocurrency Borrowings outstanding. 

(e)        Notwithstanding any other provision of this Agreement, the Borrower shall not be entitled
to request, or to elect to convert or continue, any Borrowing if the Interest Period requested with respect thereto would end after the Maturity Date applicable thereto. 

SECTION 2.03      Requests for Borrowings. To request a Borrowing of Term Loans, the Borrower shall
notify the Administrative Agent of such request by telephone (i) in the case of a Eurocurrency Borrowing, not later than 12:00 noon, New York City time, three Business Days before the date of the proposed Borrowing or (ii) in the case of
an ABR Borrowing, not later than 12:00 noon, New York City time, one Business Day before the date of the proposed Borrowing. Each such telephonic Borrowing Request shall be irrevocable and shall be confirmed promptly by hand delivery or telecopy to
the Administrative Agent of a written Borrowing Request signed by the Borrower. Each such telephonic and written Borrowing Request shall specify the following information in compliance with Section 2.02:whether the requested Borrowing is to be
a Borrowing of Term B Loans or an Incremental Term Loan Borrowing of a particular Series; 

(ii)    the aggregate amount of such Borrowing; 

  
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 (iii) the date of such Borrowing, which shall be a Business Day; 

(iv) whether such Borrowing is to be an ABR Borrowing or a Eurocurrency Borrowing; 

(v)  in the case of a Eurocurrency Borrowing, the initial Interest Period to be applicable thereto, which shall be a
period contemplated by the definition of the term “Interest Period”; and 
 (vi)  the location and
number of the Borrower’s account to which funds are to be disbursed, which shall comply with the requirements of Section 2.06. 
 If no election
as to the Type of Borrowing is specified, then the requested Borrowing shall be an ABR Borrowing. If no Interest Period is specified with respect to any requested Eurocurrency Borrowing, then the Borrower shall be deemed to have selected an Interest
Period of one month’s duration. Promptly following receipt of a Borrowing Request in accordance with this Section 2.03, the Administrative Agent shall advise each Lender of the details thereof and of the amount of such Lender’s Loan
to be made as part of the requested Borrowing. 
 SECTION 2.04      [Reserved].[Reserved].Funding of Borrowings.SECTION 2.06 Funding of
Borrowings. 

(a)  
      Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 12:00 noon, New York City time to the account of the Administrative Agent
most recently designated by it for such purpose by notice to the Lenders. The Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account of the Borrower maintained
with the Administrative Agent in New York City, and designated by the Borrower in the applicable Borrowing Request. 

(b)        Unless the Administrative Agent shall have received notice from a Lender
prior to the proposed date of any Borrowing that such Lender will not make available to the Administrative Agent such Lender’s share of such Borrowing, the Administrative Agent may assume that such Lender has made such share available on such
date in accordance with paragraph (a) of this Section and may, in reliance upon such assumption, make available to the Borrower a corresponding amount. In such event, if a Lender has not in fact made its share of the applicable Borrowing
available to the Administrative Agent, then the applicable Lender and the Borrower severally agree to pay to the Administrative Agent forthwith on demand such corresponding amount with interest thereon, for each day from and including the date such
amount is made available to the Borrower to but excluding the date of payment to the Administrative Agent, at (i) in the case of such Lender, the greater of (x) the Federal Funds Effective Rate and (y) a rate determined by the
Administrative Agent in accordance with banking industry rules on interbank compensation, the applicable rate shall be determined as specified in clause (y) above, or (ii) in the case of the Borrower, the interest rate applicable to ABR
Term B Loans. If such Lender pays such amount to the Administrative Agent, then such amount shall constitute such Lender’s Loan included in such Borrowing. 

  
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 SECTION 2.07      Interest Elections.Each Borrowing
initially shall be of the Type specified in the applicable Borrowing Request and, in the case of a Eurocurrency Borrowing, shall have an initial Interest Period as specified in such Borrowing Request or as otherwise provided in Section 2.03.
Thereafter, the Borrower may elect to (i) convert any ABR Borrowing or any Eurocurrency Borrowing to a Borrowing of a different Type, (ii) continue any Borrowing and (iii) in the case of a Eurocurrency Borrowing, may elect Interest
Periods therefor, all as provided in this Section. The Borrower may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Lenders holding the Loans
comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate Borrowing. 

(b)        To make an election pursuant to this Section, the Borrower shall notify the Administrative
Agent of such election, by telephone, by the time that a Borrowing Request would be required under Section 2.03 if the Borrower were requesting a Borrowing of Term B Loans of the Type resulting from such election to be made on the effective
date of such election. Each such telephonic Interest Election Request shall be irrevocable and shall be confirmed promptly by hand delivery or telecopy to the Administrative Agent of a written Interest Election Request, and all such written Interest
Election Requests shall be in a form approved by the Administrative Agent and signed by the Borrower. 

(c)        Each telephonic and written Interest Election Request shall specify the following
information in compliance with Section 2.02: 
 (i)    the Borrowing to which such Interest Election Request
applies and, if different options are being elected with respect to different portions thereof, the portions thereof to be allocated to each resulting Borrowing (in which case the information to be specified pursuant to clauses (iii) and (iv)
below shall be specified for each resulting Borrowing); 
 (ii) the effective date of the election made pursuant to such
Interest Election Request, which shall be a Business Day; 
 (iii) whether the resulting Borrowing is to be an ABR Borrowing
or a Eurocurrency Borrowing; and 
 (iv) if the resulting Borrowing is a Eurocurrency Borrowing, the Interest Period to be
applicable thereto after giving effect to such election, which shall be a period contemplated by the definition of the term “Interest Period.” 

If any such Interest Election Request requests a Eurocurrency Borrowing but does not specify an Interest Period, then the Borrower shall be
deemed to have selected an Interest Period of one month’s duration. 
 (d)        Promptly
following receipt of an Interest Election Request, the Administrative Agent shall advise each Lender of the details thereof and of such Lender’s portion of each resulting Borrowing. 

(e)        If an Interest Election Request with respect to a Eurocurrency Borrowing is not timely
delivered prior to the end of the Interest Period applicable thereto, then, unless such Borrowing is repaid as provided herein, at the end of such Interest Period such Borrowing shall be converted to an ABR Borrowing. Notwithstanding any contrary
provision hereof, if an Event of Default has occurred and is continuing and the Administrative Agent, at the request of the Required Lenders, so notifies the Borrower, then, so long as an Event of Default is continuing (i) no outstanding
Borrowing may be 

  
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 converted to or continued as a Eurocurrency Borrowing and (ii) unless repaid, each Eurocurrency
Borrowing shall be converted to an ABR Borrowing at the end of the Interest Period applicable thereto. 
 SECTION
2.08      Termination and Reduction of Commitments.Unless previously terminated, the 2017 Replacement Term Loan Commitments shall terminate and be automatically and permanently reduced to $0 upon the earlier of
(i) funding of the 2017 Replacement Term Loans on the 2017 Replacement Term Loan Facility Effective Date and (ii) 5:00 p.m., New York City time, on April 19, 2017. The proceeds of the 2017 Replacement Term Loans will be applied on the 2017
Replacement Term Loan Facility Effective Date to the principal amount of the Existing Term Loans (as defined in the 2017 Replacement Term Loan Amendment) outstanding at such time in order to prepay such principal amount in full. Upon the funding of
the 2017 Replacement Term Loans on the 2017 Replacement Term Loan Facility Effective Date, the 2017 Replacement Term Loans shall constitute, on the terms provided in the 2017 Replacement Term Loan Amendment, Term Loans hereunder. 

(b)        The Borrower may at any time terminate, or from time to time reduce, the Commitments of any
Class; provided that each reduction of the Commitments of any Class shall be in an amount that is an integral multiple of $1,000,000 and not less than $5,000,000. 

(c)        The Borrower shall notify the Administrative Agent of any election to terminate or reduce
the Commitments of any Class under Section 2.08(b) at least three 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 such
notice, the Administrative Agent shall advise the Lenders of the contents thereof. Each notice delivered by the Borrower pursuant to this Section shall be irrevocable. Any reduction of the Commitments shall be permanent. 

SECTION 2.09      Repayment of Loans; Evidence of Debt.The Borrower hereby unconditionally promises to
pay to the Administrative Agent for the account of each Lender the then unpaid principal amount of each Term Loan of such Lender as provided in Section 2.10. 

(b)        Each Lender shall maintain in accordance with its usual practice an account or accounts
evidencing the indebtedness of the Borrower to such Lender resulting from each Loan made by such Lender, including the amounts of principal and interest payable and paid to such Lender from time to time hereunder. 

(c)        The Administrative Agent shall maintain accounts in which it shall record (i) the
amount of each Loan made hereunder, the Class and Type thereof and the Interest Period applicable thereto, (ii) the amount of any principal or interest due and payable or to become due and payable from the Borrower to each Lender hereunder
and (iii) the amount of any sum received by the Administrative Agent hereunder for the account of the Lenders and each Lender’s share thereof. 

(d)        The entries made in the accounts maintained pursuant to paragraph (b) or (c) of this
Section shall be prima facie evidence of the existence and amounts of the obligations recorded therein; provided that the failure of any Lender or the Administrative Agent to maintain such accounts or any error therein shall not in any manner
affect the obligation of the Borrower to repay the Loans in accordance with the terms of this Agreement. 

(e)        Any Lender may request that Loans of any Class made by it be evidenced by a promissory
note. In such event, the Borrower shall prepare, execute and deliver to such Lender a promissory note payable to the order of such Lender (or, if requested by such Lender, to such Lender and its registered assigns) and in a form approved by the
Administrative Agent. Thereafter, the Loans 

  
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 evidenced by such promissory note and interest thereon shall at all times (including after assignment
pursuant to Section 10.04) be represented by one or more promissory notes in such form payable to the order of the payee and its registered assigns. 

SECTION 2.10      Amortization of Term
Loans.Subject to adjustment pursuant to paragraph (d) of this Section, the Borrower shall repay the 2018 Term Loans
on the last day of each March, June, September and December, beginning on September 30, 2018, in an aggregate principal amount for each such date equal to 1.33% of the aggregate principal amount of the 2018 Term Loans outstanding on the Fourth
Amendment Effective Date. 
 (b)        TheIn addition to the scheduled repayments specified in
Section 2.10(a) above, the Borrower shall repay Incremental Term Loans of any Series in such amounts and on such date
or dates as shall be specified therefor in the Incremental Facility Agreement establishing the Incremental Term Commitments of such Series (as such amounts may be adjusted pursuant to paragraph (d) of this Section or pursuant to such
Incremental Facility Agreement).the Loans prior to March 31, 2020
in an aggregate principal amount of not less than $100,000,000 from the Net Proceeds of sales or dispositions permitted under Section 6.05(j), Qualified Borrower Preferred Stock or issuance of Indebtedness permitted under
Section 6.01(a)(xxv). 

(c)        To the extent not previously paid,
(i) all Term B Loans shall be due and payable on the Term Loan Maturity Date and (ii) all Incremental Term Loans of any Series shall be due and payable on the Incremental Term Maturity Date applicable thereto. 
 (d)        Any mandatory prepayment of a Borrowing
of Term Loans of any Class shall be applied to reduce the subsequent scheduled repayments of the Borrowings of such Class to be made pursuant to this Section to the next eight scheduled repayments in direct order and thereafter ratably.
Any optional prepayment of a Borrowing of Term Loans of any Class shall be applied to the scheduled repayments of the Borrowings of such Class as directed by the Borrower. 

(e)        Prior to any repayment of any Term Loan Borrowings of any Class hereunder, the
Borrower shall select the Borrowing or Borrowings of the applicable Class to be repaid and shall notify the Administrative Agent by telephone (confirmed by telecopy) of such selection not later than 11:00 a.m., New York City time, three
Business Days before the scheduled date of such repayment. Each repayment of a Borrowing shall be applied ratably to the Loans included in the repaid Borrowing. Repayments of Term Loan Borrowings shall be accompanied by accrued interest on the
amount repaid. 
 SECTION 2.11      Prepayment of Loans.The Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole or in part, subject to the
requirements of this Section. 
 (b)        All (i)repayments pursuant to Section 2.10(b), all
optional prepayments of 2018 Term Loans pursuant to
Section 2.11(a) orand prepayments pursuant to Section 2.11(c) as a result of an event described in clause (c) of the definition of the
terma Prepayment
Event described in clauses (a), (d) or (e) thereof, in each case
(i) effected on or prior to the date that is the two-year anniversary of the Fourth Amendment Effective Date with the proceeds of a Repricing Transaction and
(ii) amendments, amendments and restatements or other modifications of this Agreement on or prior to the date that is the two-year anniversary of the Fourth Amendment Effective Date constituting Repricing
Transactions shall, in each case,before
September 30, 2019 shall be accompanied by a fee payable to the
Lenders in an amount equal to
1.003.00% of the aggregate principal amount of 2018 Term Loans so prepaid, in the case of a transaction described in clause (i) of this paragraph, or
1.00repaid or prepaid and (ii) effected after 

  
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September 30, 2019 shall be accompanied
by a fee payable to the Lenders in an amount equal to 5.00% of the aggregate principal amount of 2018 Term Loans affected by such amendment, amendment and restatement or other modification (including any such Loans assigned in connection
with the replacement of a Lender not consenting thereto), in the case of a transaction described in clause (ii) of this paragraph. Such
feeso repaid or prepaid. The fees described in this Section 2.11(b) shall also be payable if all of the Loans
become due and payable in the event of any acceleration of the Loans (in each case as if all of the Loans then outstanding had been prepaid at such time), including, without limitation, as a result of any event with respect to the Borrower described
in clause (h) or clause (i) of Article VII, and whether automatic, as a matter of applicable law or by declaration of the Administrative Agent pursuant to Article VII.    Any fee payable pursuant to this
Section 2.11(b) shall be paid by the Borrower to the Administrative Agent, for the account of the Lenders in respect of the
2018 Term Loans, on the date of such prepayment
or acceleration. 

(c)        In the event and on each occasion that any Net Proceeds are received by or on behalf of the
Borrower or any Subsidiary in respect of any Prepayment Event, the after the Sixth Amendment Effective Date, the Borrower shall, within three Business Days
after such Net Proceeds are received (and, in the case of any event described in clause (e) of the definition of the term Prepayment Event, on the date on which such Net Proceeds are received) prepay Borrowings of Loans in an aggregate amount
equal to such Net Proceeds; provided
that(x) in the case of any Prepayment Event (other than any event described in clause (ad) of the definition of the term Prepayment Event, if the Borrower
shall deliver, within such three Business Days, to the Administrative Agent a certificate of a Financial Officer to the effect that the Borrower and the Subsidiaries, intend to apply the Net Proceeds from such event (or a portion thereof specified
in such certificate), within 180 days (or, during a Senior Period, 45 days) after receipt of such Net Proceeds, to acquire, during the Senior Period, substantially similar replacement assets and during any other period, real property, equipment or
other tangible assets to be used in the business of the Borrower and the Subsidiaries, and certifying that no Default has occurred and is continuing, then no prepayment shall be required pursuant to this paragraph in respect of the Net Proceeds in
respect of such event (or the portion of), 100% of such Net Proceeds (provided that in the case of any Prepayment Event described in clause (a) of the definition of Prepayment
Event, 100% of such Net Proceeds specified in such certificate, if applicable) exceptup to $100,000,000, and then 100% of such Net Proceeds to the extent of any such Net Proceeds therefrom that have not been so applied by the end of such 180-day (or, during a Senior Period, 45-day)
period, at which time a prepayment shall be required in an amount equal tofrom all such events after the Sixth
Amendment Effective Date exceed $115,000,000) and (y) in the case of any event described in clause (d) of the definition of the term Prepayment Event, the Equity Contribution Percentage of
such Net Proceeds that have not been so
applied.. Any required prepayments pursuant to this Section 2.11(c) as a result of a Prepayment Event described in
clauses (a) thereof shall be without duplication of any repayment of the Loans made pursuant to Section 2.10(b) from the Net Proceeds of sales or dispositions permitted under Section 6.05(j). 
 (d)        Following the end of each fiscal
year of the Borrower, commencing with the fiscal year ending December 31, 2017 (but excluding the fiscal year ending
December 31, 2018), the Borrower shall prepay Borrowings of Term B Loans in an aggregate amount equal to the excess of (i) the ECF Percentage of Excess Cash Flow for such fiscal year over (ii) the sum of
(x) aggregate amount of optional prepayments of Term Loans and purchases of Term Loans pursuant to
Section 10.04(h) (other than optional prepayments or purchases made with the proceeds of Long-Term Indebtedness) made by the Borrower during such fiscal year (provided that the aggregate amount of any such prepayment or purchase shall be
the amount of the Borrower’s cash payment in respect of such purchase) and (y) the aggregate amount of optional prepayments of Pari Passu Alternative Incremental Debt
in the form of loans and Pari Passu Permitted Term Loan Refinancing Indebtedness in the form of loans made by the Borrower during such fiscal year. Each prepayment pursuant to this paragraphSection 2.11(d) shall be 

  
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 made within 95 days after the end of such fiscal
year.; provided that, in the case of the fiscal year
ending December 31, 2019, if on such date for prepayment, after giving effect to such prepayment, the “Required Conditions” (as defined in the ABL Credit Agreement as in effect as of the Sixth Amendment Effective Date) would not be
satisfied, then the prepayment for such fiscal year shall be made on the earlier to occur of (i) the first date that the Required Conditions can be satisfied after giving effect to such prepayment and (ii) July 1, 2020.
Notwithstanding the foregoing requirements of this Section 2.11(d), (i) with respect to the fiscal year ending December 31, 2019, the Borrower shall not be required to make a prepayment of the Loans pursuant to this Section 2.11(d)
for such fiscal year to the extent that after giving effect to such prepayment, Liquidity of the Borrower and its Subsidiaries would be less than $30,000,000, and (ii) with respect to the fiscal year ending fiscal year ending December 31,
2020, the Borrower shall not be required to make a prepayment of the Loans pursuant to this Section 2.11(d) for such fiscal year to the extent that after giving effect to such prepayment, Liquidity of the Borrower and its Subsidiaries would be
less than $15,000,000. 

(e)        Prior to any optional or mandatory prepayment of Borrowings hereunder, the Borrower shall
select the Borrowing or Borrowings to be prepaid and shall specify such selection in the notice of such prepayment pursuant to paragraph (f) of this Section. 

(f)        The Borrower shall notify the Administrative Agent by (x) in the case of prepayment of
a Eurocurrency Borrowing, not later than 12:00 noon, New York City time, three Business Days before the date of prepayment and (y) in the case of prepayment of an ABR Borrowing, not later than 12:00 noon, New York City time, one Business Day
before the date of prepayment. Each such notice shall be irrevocable and shall specify (i) whether the prepayment is of Eurocurrency Loans or ABR Loans, (ii) the prepayment date, (iii) the principal amount of each Borrowing or portion
thereof to be prepaid and (iv) in the case of a mandatory prepayment, a reasonably detailed calculation of the amount of such prepayment. Promptly following receipt of any such notice, the Administrative Agent shall advise the Lenders of the
contents thereof. Each partial prepayment of any Borrowing shall be in an amount that would be permitted in the case of an advance of a Borrowing of the same Type as provided in Section 2.02, except as necessary to apply fully the required
amount of a mandatory prepayment. Each prepayment of a Borrowing shall be applied ratably to the Loans included in the prepaid Borrowing. Prepayments shall be accompanied by accrued interest to the extent required by Section 2.13. 

(g)        In the event of any mandatory prepayment of Term Loans made at a time when Term Loans of
more than one Class remain outstanding, the Borrower shall select Term Loans to be prepaid so that the aggregate amount of such prepayment is allocated among each Class of the Term Loans pro rata based on the aggregate principal amounts of
outstanding Borrowings of each such Class; provided that (x) the amounts so allocable to Incremental Term Loans of any Series may be applied to other Term Loan Borrowings
if so provided in the applicable Incremental Facility Agreement and (y) the amounts so allocable to any tranche of Extended Term Loans may be applied to other Term Loan Borrowings if so
provided in the applicable Extension Offer. In the event of any optional prepayment of Term Loans made at a time when Term Loans of more than one Class remain, the Borrower shall select the Term Loans to be prepaid so that the aggregate amount
of such prepayment is allocated among the Term Loans and each Series of Incremental Term
LoansClass then outstanding based on the aggregate principal
amount of outstanding Borrowings of each such Class; provided that (x) the amounts so allocable to Incremental Term Loans of any Series may be applied to other
Borrowings of Term Loans if so provided in the applicable Incremental Facility Agreement and (y) the amounts so allocable to any tranche of Extended Term Loans may be applied to other
Borrowings of Term Loans if so provided in the applicable Extension Offer. 

  
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 (h)        Notwithstanding anything in this Section 2.11 to the contrary, during the Senior
Period, (i) no mandatory prepayments of Term Loans that would otherwise be required to be made under Section 2.11(c) shall be required to be made, except with respect to the portion (if any) of any Net Proceeds exceeding the amount
required to effect the Discharge of Senior Obligations. 
 SECTION 2.12
Fees.The Borrower agrees to pay to the Administrative Agent, for its own account, fees payable in the amounts and at the times separately agreed upon between the Borrower and the Administrative Agent. 

(b)        All fees payable hereunder shall be paid on the dates due, in immediately available funds,
to the Administrative Agent. Fees paid shall not be refundable under any circumstances. 
 (c)        
In the event that on or prior to September 30, 2019, the Borrower shall not have repaid the Loans pursuant to
Section 2.10(b) in an aggregate principal amount of at least $100,000,000 from the Net Proceeds of sales or dispositions permitted under Section 6.05(j), the Borrower shall pay a fee to the Lenders in an aggregate amount equal to the
product of (i) 5.0% multiplied by (ii) the lesser (such lesser amount, the “Shortfall Principal Repayment Amount”) of (A) $100,000,000 and (B) $100,000,000 minus the aggregate principal amount of prepayments of the Term Loans made by
the Borrower pursuant to Section 2.10(b) from the Net Proceeds of sales or dispositions permitted under Section 6.05(j) (such fee, the “Late Payment Fee”). The Late Payment Fee shall be payable in kind on October 1, 2019 and
shall be capitalized and added to the outstanding principal balance of the Loan of the Lenders on a pro rata basis and shall thereafter accrue interest (as principal) as provided herein. The Late Payment Fee together with (i) all PIK Amounts
accrued on the Late Payment Fee and (ii) all PIK Amounts accrued on the Shortfall Principal Repayment Amount (collectively, together with the Late Payment Fee, the “Cash PIK Obligations”) shall in each case be due and payable in cash
on the earlier of (i) March 31, 2020 and (B) the date on which the Borrower has made the repayment required by Section 2.10(b); provided that, if on such date for payment of such Cash PIK Obligations, after giving effect to
payment of such Cash PIK Obligations, the Required Conditions would not be satisfied and Net Proceeds of sales or dispositions permitted under Section 6.05(j) (“Net Sale Proceeds”) are not sufficient to fund the full amount of
required principal repayment plus the Cash PIK Obligations, then the payment of any such Cash PIK Obligations (less any amount paid from Net Sale Proceeds after satisfying all principal prepayment obligations) shall instead be due and payable on the
earlier to occur of (i) the first date that the Required Conditions can be satisfied after giving effect to such payment and (ii) July 1, 2020. 
 SECTION 2.13      Interest.The Loans comprising each ABR
Borrowing shall bear interest at the Alternate Base Rate plus the Applicable Rate. 
 (b)        The
Loans comprising each Eurocurrency Borrowing shall bear interest at the Adjusted LIBO Rate for the Interest Period in effect for such Borrowing plus the Applicable Rate. 

(c)        Notwithstanding the foregoing, if any principal of or interest on any Loan or any fee or
other amount payable by the Borrower hereunder is not paid when due, whether at stated maturity, upon acceleration or otherwise, such overdue amount shall bear interest, after as well as before judgment, at a rate per annum equal to (i) in the
case of overdue principal of any Loan, 2% plus the rate otherwise applicable to such Loan as provided in the preceding paragraphs of this Section or (ii) in the case of any other overdue amount payable, 2% plus the rate applicable to ABR Term B
Loans. 
 (d)        Accrued interest on each Loan shall be payable in arrears on each Interest
Payment Date for such Loan; provided that (i) interest accrued pursuant to paragraph (c) of this Section shall be payable on demand, (ii) in the event of any repayment or prepayment of any Loan, accrued 

  
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 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 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.
and (iv) the PIK Portion of accrued interest on such Loan (the “PIK Amount”) shall be payable in kind, with the
PIK Amount as of such Interest Payment Date being added to the outstanding principal balance of such Loan on such Interest Payment Date and shall thereafter accrue interest hereunder (as principal) as provided herein. 
 (e)        All interest hereunder (including the PIK Amount) shall be computed on the basis of a year of 360 days, except
that interest computed by reference to the Alternate Base Rate at times when the Alternate Base Rate is based on the Prime Rate shall be computed on the basis of a year of 365 days (or 366 days in a leap year), and in each case shall be payable for
the actual number of days elapsed (including the first day but excluding the last day). The applicable Alternate Base Rate or Adjusted LIBO Rate shall be determined by the Administrative Agent, and such determination shall be conclusive absent
manifest error. The Administrative Agent shall as soon as practicable notify the Borrower and the relevant Lenders of each determination of an Adjusted LIBO Rate. 

SECTION 2.14      Alternate Rate of Interest. If prior to the commencement of any Interest Period for a
Eurocurrency Borrowing of any Class: 
 (i)    the Administrative Agent determines (which determination
shall be conclusive absent manifest error) that adequate and reasonable means (including by means of an Interpolated Rate or because the Screen Rate is not available or published on a current basis) do not exist for ascertaining the LIBO Rate or the
Adjusted LIBO Rate for such Interest Period; or 
 (ii)    the Administrative Agent is advised by a
majority in interest of the Lenders of the applicable Class that the Adjusted LIBO Rate or LIBO Rate, as applicable for such Interest Period will not adequately and fairly reflect the cost to such Lenders (or Lender) of making or maintaining
their Loans (or its Loans) included in such Borrowing for such Interest Period; 
 then the Administrative Agent shall give notice thereof to the Borrower
and the Lenders of the applicable Class by telephone or telecopy as promptly as practicable thereafter and, until the Administrative Agent notifies the Borrower and such Lenders that the circumstances giving rise to such notice no longer exist,
then (i) any Interest Election Request that requests the conversion of any Borrowing to, or continuation of any Borrowing as, a Eurocurrency Borrowing shall be ineffective, (ii) any Eurocurrency Borrowing that is requested to be continued,
shall be converted to an ABR Borrowing on the last day of the then current Interest Period applicable thereto and (iii) if any Borrowing Request requests a Eurodollar Borrowing, such Borrowing shall be made as an ABR Borrowing. 

(b)        If any Lender determines that any Applicable Law has made it unlawful, or if any
Governmental Authority has asserted that it is unlawful, for any Lender or its applicable lending office to make, maintain, fund or continue any Eurodollar Borrowing, or any Governmental Authority has imposed material restrictions on the authority
of such Lender to purchase or sell, or to take deposits of, dollars in the London interbank market, then, on notice thereof by such Lender to the Borrower through the Administrative Agent, any obligations of such Lender to make, maintain, fund or
continue Eurocurrency Loans or to convert ABR Borrowings to Eurodollar Borrowings will be suspended until such Lender notifies the Administrative Agent and the Borrower that the circumstances giving rise to such determination no longer exist. Upon
receipt of such notice, the Borrower will upon demand from such Lender (with a copy to the Administrative Agent), either convert or prepay all Eurodollar Borrowings of such Lender to ABR Borrowings, either on the last day of the Interest Period
therefor, if such Lender may 

  
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 lawfully continue to maintain such Eurodollar Borrowings to such day, or immediately, if such Lender may not
lawfully continue to maintain such Loans. Upon any such conversion or prepayment, the Borrower will also pay accrued interest on the amount so converted or prepaid. 

SECTION 2.15      Increased Costs.If any Change in Law shall: 

(i)    impose, modify or deem applicable any reserve, special deposit or similar requirement against
assets of, deposits with or for the account of, or credit extended by, any Lender (except any such reserve requirement reflected in the Adjusted LIBO Rate); 

(ii) impose on any Lender or the London interbank market any other condition affecting this Agreement or Eurocurrency Loans
made by such Lender; or 
 (iii) subject any Lender to any Taxes on its loans, loan principal, commitments, or other
obligations, or its deposits, reserves, other liabilities or capital attributable thereto (other than (A) Indemnified Taxes otherwise indemnifiable under Section 2.17 and (B) Excluded Taxes); 

and the result of any of the foregoing shall be to increase the cost to such Lender of making or maintaining any Eurocurrency Loan (or of maintaining its
obligation to make any such Loan) or to reduce the amount of any sum received or receivable by such Lender hereunder (whether of principal, interest or otherwise), then the Borrower will pay to such Lender such additional amount or amounts as will
compensate such Lender for such additional costs incurred or reduction suffered. 
 (b)        If
any Lender determines that any Change in Law regarding capital or liquidity requirements has or would have the effect of reducing the rate of return on such Lender’s capital or on the capital of such Lender’s holding company, if any, as a
consequence of this Agreement or the Loans made by such Lender to a level below that which such Lender or such Lender’s holding company could have achieved but for such Change in Law (taking into consideration such Lender’s policies and
the policies of such Lender’s holding company with respect to capital adequacy or liquidity), then from time to time the Borrower will pay to such Lender such additional amount or amounts as will compensate such Lender or such Lender’s
holding company for any such reduction suffered. 
 (c)        A certificate of a Lender setting
forth the amount or amounts necessary to compensate such Lender or its holding company, as the case may be, as specified in paragraph (a) or (b) of this Section shall be delivered to the Borrower and shall be conclusive absent manifest error.
The Borrower shall pay such Lender the amount shown as due on any such certificate within 10 days after receipt thereof. 

(d)        Failure or delay on the part of any Lender to demand compensation pursuant to this Section
shall not constitute a waiver of such Lender’s right to demand such compensation; provided that the Borrower shall not be required to compensate a Lender pursuant to this Section for any increased costs or reductions incurred more than 270 days
prior to the date that such Lender notifies the Borrower of the Change in Law giving rise to such increased costs or reductions and of such Lender’s intention to claim compensation therefor; provided further that, if the Change in Law
giving rise to such increased costs or reductions is retroactive, then the 270-day period referred to above shall be extended to include the period of retroactive effect thereof. 

SECTION 2.16      Break Funding Payments. In the event of (a) the payment of any principal of any
Eurocurrency Loan other than on the last day of an Interest Period applicable thereto 

  
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 (including as a result of an Event of Default), (b) the conversion of any Eurocurrency Loan other than on
the last day of the Interest Period applicable thereto, (c) the failure to borrow, convert, continue or prepay any Term Loan on the date specified in any notice delivered pursuant hereto, or (d) the assignment of any Eurocurrency Loan
other than on the last day of the Interest Period applicable thereto as a result of a request by the Borrower pursuant to Section 2.19, then, in any such event, the Borrower shall compensate each Lender for the loss, cost and expense
attributable to such event. In the case of a Eurocurrency Loan, such loss, cost or expense to any Lender shall be deemed to include an amount determined by such Lender to be the excess, if any, of (i) the amount of interest that would have
accrued on the principal amount of such Loan had such event not occurred, at the Adjusted LIBO Rate that would have been applicable to such Loan, for the period from the date of such event to the last day of the then current Interest Period therefor
(or, in the case of a failure to borrow, convert or continue, for the period that would have been the Interest Period for such Loan), over (ii) the amount of interest that would accrue on such principal amount for such period at the interest
rate which such Lender would bid were it to bid, at the commencement of such period, for deposits in the applicable currency of a comparable amount and period from other banks in the Eurocurrency market. A certificate of any Lender setting forth any
amount or amounts that such Lender is entitled to receive pursuant to this Section shall be delivered to the Borrower and shall be conclusive absent manifest error. The Borrower shall pay such Lender the amount shown as due on any such certificate
within 10 days after receipt thereof. 
 SECTION 2.17      Taxes.Any and all payments by or on account
of any obligation of the Borrower hereunder or under any other Loan Document shall be made free and clear of and without deduction for any Indemnified Taxes; provided that if the Borrower or the Administrative Agent shall be required to
deduct any Indemnified Taxes from such payments, then (i) the sum payable shall be increased as necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section) the
Administrative Agent or the Lender (as the case may be) receives an amount equal to the sum it would have received had no such deductions been made, (ii) the Borrower or the Administrative Agent shall make such deductions and (iii) the
Borrower or the Administrative Agent shall pay the full amount deducted to the relevant Governmental Authority in accordance with Applicable Law. 

(b)        In addition, the Borrower shall timely pay any Other Taxes to the relevant Governmental
Authority in accordance with Applicable Law. 
 (c)        The Borrower shall indemnify the
Administrative Agent and each Lender, within 10 Business Days after written demand therefor, for the full amount of any Indemnified Taxes paid by the Administrative Agent or such Lender, as the case may be, on or with respect to any payment by or on
account of any obligation of the Borrower, hereunder or under any other Loan Document (including Indemnified Taxes imposed or asserted on or attributable to amounts payable under this Section) and any reasonable expenses arising therefrom or with
respect thereto, whether or not such Indemnified Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to the Borrower by a Lender or by the
Administrative Agent on its own behalf or on behalf of a Lender, shall be conclusive absent manifest error. 

(d)        As soon as practicable after any payment of Indemnified Taxes or Other Taxes by the
Borrower to a Governmental Authority, the Borrower shall deliver to the Administrative Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of the return reporting such payment or
other evidence of such payment reasonably satisfactory to the Administrative Agent. 

  
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 (e)        Each Lender shall severally indemnify the
Administrative Agent for any Taxes (but, in the case of any Indemnified Taxes, only to the extent that any Loan Party has not already indemnified the Administrative Agent for such Indemnified Taxes and without limiting or expanding the obligation of
the Borrower to do so) attributable to such Lender that are paid or payable by the Administrative Agent in connection with any Loan Document and any reasonable expenses arising therefrom or with respect thereto, whether or not such Taxes were
correctly or legally imposed or asserted by the relevant Governmental Authority. The indemnity under this Section shall be paid within 10 days after the Administrative Agent delivers to the applicable Lender a certificate stating the amount of Taxes
so paid or payable by the Administrative Agent. Such certificate shall be conclusive of the amount so paid or payable absent manifest error. 

(f)        Any Lender that is entitled to an exemption from, or reduction of, any applicable
withholding Tax with respect to any payments under any Loan Document shall deliver to the Borrower (with a copy to the Administrative Agent), at the time or times prescribed by Applicable Law, such properly completed and executed documentation
prescribed by Applicable Law or reasonably requested by the Borrower or the Administrative Agent as will permit such payments to be made without withholding, or at a reduced rate of, withholding. If any form or certification previously delivered
pursuant to this Section expires or becomes obsolete or inaccurate in any respect with respect to a Lender, such Lender shall promptly (and in any event within 10 Business Days after such expiration, obsolescence or inaccuracy) notify the Borrower
and the Administrative Agent in writing of such expiration, obsolescence or inaccuracy and update the form or certification if it is legally eligible to do so. 

(i)    Without limiting the generality of the foregoing, any Lender shall, to the extent it is legally
eligible to do so, deliver to the Borrower and the Administrative Agent (in such number of copies reasonably requested by the Borrower and the Administrative Agent) on or prior to the date on which such Lender becomes a party hereto, duly completed
and executed copies of whichever of the following is applicable: 
 (A)      in the case of a
Lender that is a U.S. Person, IRS Form W-9 certifying that such Lender is exempt from U.S. Federal backup withholding tax; 

(B)       in the case of a Non-U.S. Lender claiming the
benefits of an income tax treaty to which the United States is a party (1) with respect to payments of interest under any Loan Document, IRS Form W-8BEN-E or W-8BEN establishing an exemption from, or reduction of, U.S. Federal withholding Tax pursuant to the “interest” article of such tax treaty and (2) with respect to any other applicable payments under
this Agreement, IRS Form W-8BEN-E or W-8BEN establishing an exemption from, or reduction of, U.S. Federal withholding Tax
pursuant to the “business profits” or “other income” article of such tax treaty; 

(C)      in the case of a Non-U.S. Lender for whom
payments under this Agreement constitute income that is effectively connected with such Lender’s conduct of a trade or business in the United States, IRS Form W-8ECI; 

(D)      in the case of a Non-U.S. Lender claiming the
benefits of the exemption for portfolio interest under Section 881(c) of the Code both (1) IRS Form W-8BEN-E or W-8BEN
and (2) a certificate substantially in the form of Exhibit E (a “U.S. Tax Certificate”) to the effect that such Lender is not (a) a “bank” within the meaning of Section 881(c)(3)(A) of the Code, (b) a
“10 percent shareholder” of the Borrower within the meaning of Section 881(c)(3)(B) of the Code (c) a “controlled foreign corporation” 

  
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 described in Section 881(c)(3)(C) of the Code and (d) conducting a trade or
business in the United States with which the relevant interest payments are effectively connected; 

(E)       in the case of a Non-U.S. Lender that is not
the beneficial owner of payments made under this Agreement (including a partnership or a participating Lender) (1) an IRS Form W-8IMY on behalf of itself and (2) the relevant forms prescribed in
clauses (A), (B), (C), (D) and (F) of this paragraph (g)(ii) that would be required of each such beneficial owner or partner of such partnership if such beneficial owner or partner were a Lender; provided, however, that if the
Lender is a partnership and one or more of its partners are claiming the exemption for portfolio interest under Section 881(c) of the Code, such Lender may provide a U.S. Tax Certificate on behalf of such partners; or 

(F)      any other form prescribed by law as a basis for claiming exemption from, or a reduction
of, U.S. Federal withholding Tax together with such supplementary documentation necessary to enable the Borrower or the Administrative Agent to determine the amount of Tax (if any) required by law to be withheld. 

(ii) Each Lender shall deliver to Borrower and the Administrative Agent, at the time or times prescribed by law and at such
time or times reasonably requested by the Borrower or the Administrative Agent, such documentation prescribed by Applicable Law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably
requested by the Borrower or the Administrative Agent as may be necessary for the Borrower or the Administrative Agent, to comply with its obligations under FATCA, to determine that such Lender has or has not complied with such Lender’s
obligations under FATCA and, as necessary, to determine the amount to deduct and withhold from such payment. Solely for purposes of this Section 2.17(f)(ii), “FATCA” shall include any amendments made to FATCA after the date of
this Agreement. 
 (g)        If any party determines, in its sole discretion exercised in good
faith, that it has received a refund of any Indemnified Taxes (including additional amounts paid pursuant to this Section 2.17), it shall pay to the indemnifying party an amount equal to such refund (but only to the extent of indemnity payments
made, or additional amounts paid, under this Section 2.17 with respect to the Indemnified Taxes giving rise to such refund), net of all out-of-pocket expenses
(including any Taxes) of such indemnified party and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund); provided, however, that such indemnifying party, upon the request
of such indemnified party, agrees to repay to such indemnified party the amount paid to such indemnified party pursuant to the previous sentence (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) in the
event such indemnified party is required to repay such refund to such Governmental Authority. Nothing contained in this Section 2.17(g) shall require any indemnified party to make available its Tax returns or any other information relating to
its Taxes which it deems confidential to the indemnifying party or any other Person. 
 (h)        
For purposes of determining withholding Taxes imposed under FATCA, the Borrower and the Administrative Agent shall treat (and the Lenders hereby authorize the Administrative Agent to treat) the Loan Documents as not qualifying as a
“grandfathered obligation” within the meaning of Treasury Regulation Section 1.1471-2(b)(2)(i). 

  
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 SECTION 2.18      Payments Generally; Pro Rata Treatment;
Sharing of Set-offs.The Borrower shall make each payment required to be made by it hereunder or under any other Loan Document (whether of principal, interest or fees, or of amounts payable under
Section 2.15, 2.16 or 2.17, or otherwise), on or before the time expressly required hereunder or under such other Loan Document for such payment (or, if no such time is expressly required, prior to 12:00 noon, New York City time), on the date
when due, in immediately available funds, without set-off or counterclaim. Any amounts received after such time on any date may, in the discretion of the Administrative Agent be deemed to have been received on
the next succeeding Business Day for purposes of calculating interest thereon. All such payments shall be made to the Administrative Agent at its offices at 383 Madison Avenue, New York, New York, except that payments pursuant to Sections 2.15,
2.16, 2.17 and 10.03 shall be made directly to the Persons entitled thereto and payments pursuant to other Loan Documents shall be made to 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 Loan Document shall be due on a day that is not a Business Day, the date for payment shall be extended to the next succeeding
Business Day, and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension. All payments (including prepayments) to be made by the Borrower hereunder and under each other Loan Document,
whether on account of principal, interest, fees or otherwise shall be made in dollars. 

(b)        If at any time insufficient funds are received by and available to the Administrative Agent
to pay fully all amounts of principal, interest and fees then due hereunder, such funds shall be applied (i) first, towards payment of interest and fees then due hereunder, ratably among the parties entitled thereto in accordance with the
amounts of interest and fees then due to such parties, and (ii) second, towards payment of principal then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of principal then due to such parties. 

(c)        If any Lender shall, by exercising any right of
set-off or counterclaim or otherwise, obtain payment in respect of any principal of or interest on any of its Term B Loans resulting in such Lender receiving payment of a greater proportion of the aggregate
amount of its Term B Loans and accrued interest thereon than the proportion received by any other Lender, then the Lender receiving such greater proportion shall purchase (for cash at face value) participations in the Term B Loans of other Lenders
to the extent necessary so that the benefit of all such payments shall be shared by the Lenders ratably in accordance with the aggregate amount of principal of and accrued interest on their respective Term B Loans; provided that (i) if
any such participations are purchased and all or any portion of the payment giving rise thereto is recovered, such participations shall be rescinded and the purchase price restored to the extent of such recovery, without interest, and (ii) the
provisions of this paragraph shall not be construed to apply to any payment made by the Borrower pursuant to and in accordance with the express terms of this Agreement or any payment obtained by a Lender as consideration for the assignment of or
sale of a participation in any of its Loans to any assignee or participant, other than to the Borrower or any Subsidiary or Affiliate thereof (as to which the provisions of this paragraph shall apply). The Borrower consents to the foregoing and
agrees, to the extent it may effectively do so under Applicable Law, that any Lender acquiring a participation pursuant to the foregoing arrangements may exercise against the Borrower rights of set-off and
counterclaim with respect to such participation as fully as if such Lender were a direct creditor of the Borrower in the amount of such participation. 

(d)        Unless the Administrative Agent shall have received notice from the Borrower prior to the
date on which any payment hereunder is due to the Administrative Agent for the account of the Lenders that the Borrower will not make such payment, the Administrative Agent may assume that the Borrower has made such payment on such date in
accordance herewith and may, in reliance upon such assumption, distribute to the Lenders the amount due. In such event, if the Borrower has not in fact made 

  
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 such payment due to the Administrative Agent, then each of the Lenders severally agrees to repay to the
Administrative Agent forthwith on demand the amount so distributed to such Lender with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment to the Administrative Agent, at
the greater of the Federal Funds Effective Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation. 

(e)        If any Lender shall fail to make any payment required to be made by it
pursuant to Section 2.06(b), 2.18(d) or 10.03(c), then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative Agent for the account of such
Lender to satisfy such Lender’s obligations under such Sections until all such unsatisfied obligations are fully paid. 
 SECTION
2.19      Mitigation Obligations; Replacement of Lenders.If any Lender requests compensation under Section 2.15, or if the Borrower is required to pay any additional amount to any Lender or any Governmental
Authority for the account of any Lender pursuant to Section 2.17, then such Lender shall use reasonable efforts to designate a different lending office for funding or booking its Loans hereunder or to assign its rights and obligations hereunder
to another of its offices, branches or Affiliates, if, in the judgment of such Lender, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section 2.15 or 2.17, as the case may be, in the future and
(ii) would not subject such Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender. The Borrower hereby agrees to pay all reasonable costs and expenses incurred by any Lender in connection with any
such designation or assignment. 
 (b)        If any Lender requests compensation under
Section 2.15, or if the Borrower is required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.17, or if any Lender defaults in its obligation to fund Loans
hereunder, then the Borrower may, at its sole expense and effort, upon notice to such Lender and the Administrative Agent, require such Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in
Section 10.04), all its interests, rights and obligations under this Agreement to an assignee selected by the Borrower that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment);
provided that (i) the Borrower shall have received the prior written consent of the Administrative Agent , which consent shall not unreasonably be withheld, (ii) such Lender shall have received payment of an amount equal to the
outstanding principal of its Loans, accrued interest thereon, accrued fees and all other amounts payable to it hereunder, from the assignee (to the extent of such outstanding principal and accrued interest and fees) or the Borrower (in the case of
all other amounts) and (iii) in the case of any such assignment resulting from a claim for compensation under Section 2.15 or payments required to be made pursuant to Section 2.17, such assignment will result in a material reduction
in such compensation or payments. A Lender shall not be required to make any such assignment and delegation if, prior thereto, as a result of a waiver by such Lender or otherwise, the circumstances entitling the Borrower to require such assignment
and delegation cease to apply. Each party hereto agrees that an assignment required pursuant to this paragraph may be effected pursuant to an Assignment and Assumption executed by the Borrower, the Administrative Agent and the assignee, and that the
Lender required to make such assignment need not be a party thereto in order for such assignment to be effective. 
 SECTION
2.20      [Reserved]. 

SECTION 2.21 Incremental Facilities.[Reserved](a)     The Borrower may on one or more occasions, by written notice to the Administrative Agent, request the establishment
of Incremental 

  
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 Term Commitments; provided that the
aggregate amount of all Incremental Term Loan Commitments established on any date shall not exceed (i) (together with the amount of Alternative Incremental Debt established on such date in reliance on the Base Incremental Amount) an amount equal to
the Base Incremental Amount on such date and (ii) an additional amount subject to the Maximum Incremental Amount as of such date. Each such notice shall specify (A) the date on which the Borrower proposes that the Incremental Term
Commitments shall be effective, which shall be a date not less than 10 Business Days (or such shorter period as may be agreed to by the Administrative Agent) after the date on which such notice is delivered to the Administrative Agent, and
(B) the amount of the Incremental Term Commitments being requested (it being agreed that (x) any Lender approached to provide any Incremental Term Commitment may elect or decline, in its sole discretion, to provide such Incremental Term
Commitment and (y) any Person that the Borrower proposes to become an Incremental Term Lender, if such Person is not then a Lender, must be reasonably acceptable to the Administrative Agent). Notwithstanding anything to the contrary herein, no
Incremental Term Commitments may be established during the Senior Period. 

(b)        The
terms and conditions of any Incremental Term Commitments and the Incremental Term Loans to be made thereunder shall be, except as otherwise set forth herein or in the applicable Incremental Facility Agreement, identical to those of the 2018 Term
Loan Commitments and the Term B Loans; provided that (i) the interest rate margins with respect to any Incremental Term Loans shall be as agreed by the Borrower and the lenders in respect thereof; provided, that if the
total yield (calculated, for both the Incremental Term Loans and the Term B Loans, to include upfront fees, any interest rate floors and any original issue discount (with original issue discount being equated to interest rate in a manner determined
by the Administrative Agent based on an assumed four-year life to maturity) but to exclude any arrangement, underwriting or similar fee paid by the Borrower) in respect of any Incremental Term Loans exceeds the total yield for the existing Term B
Loans by more than 0.50%, the Applicable Rate for the Term B Loans shall be increased so that the total yield in respect of such Incremental Term Loans is no higher than the total yield for the existing Term B Loans plus 0.50% (provided that if the
Incremental Term Loans include an interest rate floor greater than the interest rate floor applicable to the Term B Loans, such increased amount shall be equated to the applicable interest rate margin for purposes of determining whether an increase
to the Applicable Rate for the Term B Loans shall be required, to the extent an increase in the interest rate floor for the Term B Loans would cause an increase in the interest rate then in effect thereunder, and in such case the interest rate floor
(but not the Applicable Rate) applicable to the Term B Loans shall be increased by such amount), (ii) any Incremental Term Loan shall have terms, in the Borrower’s reasonable judgment, customary for a term loan under then-existing market
convention, (iii) the amortization schedule with respect to any Incremental Term Loans shall be as agreed by the Borrower and the lenders in respect thereof, provided that the weighted average life to maturity of any Incremental Term Loans
shall be no shorter than the remaining weighted average life to maturity of the Latest Maturing Term Loans outstanding immediately prior to the establishment of such Incremental Term Loans (other than as necessary to make any such Incremental Term
Loans fungible with such Latest Maturing Term Loans), (iv) no Incremental Term Maturity Date with respect to Incremental Term Loans shall be earlier than the Latest Maturity Date in effect immediately prior to the establishment of such Incremental
Term Loans, (v) except as permitted by clause (i), the Incremental Term Loans shall be treated no more favorably than the Term B Loans (in each case, including with respect to mandatory and voluntary prepayments);
provided that the foregoing shall not apply to covenants or other provisions applicable only to periods after the Latest Maturity Date in effect immediately prior to the establishment of such Incremental Term Loans;
provided further that any Incremental Term Loans may add additional covenants or events of default not otherwise applicable to the Term B Loans or covenants more restrictive than the covenants applicable to the Term B Loans
in each case prior to the Latest Maturity Date in effect immediately prior to the establishment of such Incremental Facility so long as this Agreement is amended to provide all of the Lenders with the benefits 

  
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 of such additional covenants, events of
default or more restrictive covenants, (vi) to the extent the terms applicable to any Incremental Term Loans are inconsistent with the terms applicable to the Term B Loans (except, in each case, as otherwise permitted pursuant to this paragraph
(b)), such terms shall be reasonably satisfactory to the Administrative Agent, and (vii) any Incremental Term Loans shall have the same Guarantees as, and shall rank pari passu with respect to the Liens on the Collateral and in right of payment
with, the Term B Loans. Any Incremental Term Commitments established pursuant to an Incremental Facility Agreement that have identical terms and conditions, and any Incremental Term Loans made thereunder, shall be designated as a separate series
(each a “Series”) of Incremental Term Commitments and Incremental Term Loans for all purposes of this Agreement. Notwithstanding the foregoing, in no event shall there be more than six maturity dates in respect of
the Credit Facilities (including any Extended Term Loans or Replacement Term Loans). 

(c)        The
Incremental Term Commitments shall be effected pursuant to one or more Incremental Facility Agreements executed and delivered by the Borrower, each Incremental Term Lender providing such Incremental Term Commitments and the Administrative Agent;
provided that (other than with respect to the incurrence of Incremental Term Loans the proceeds of which shall be used to consummate an acquisition permitted by this Agreement for which the Borrower has determined, in good
faith, that limited conditionality is reasonably necessary (any such acquisition, a “Limited Conditionality Acquisition”) as to which conditions (i) through (iii) below shall not apply) no Incremental Term
Commitments shall become effective unless (i) no Default or Event of Default shall have occurred and be continuing on the date of effectiveness thereof, both immediately prior to and immediately after giving effect to such Incremental Term
Commitments and the making of Loans thereunder to be made on such date, (ii) on the date of effectiveness thereof, the representations and warranties of each Loan Party set forth in the Loan Documents shall be true and correct in all material
respects (or in all respects if qualified by materiality) on and as of such date, (iii) the Borrower shall make any payments required to be made pursuant to Section 2.16 in connection with such Incremental Term Commitments and the related
transactions under this Section, and (iv) the other conditions, if any, set forth in the applicable Incremental Facility Agreement are satisfied; provided further that no Incremental Term Loans in respect of a Limited
Conditionality Acquisition shall become effective unless (i) no Default or Event of Default shall have occurred and be continuing as of the date of entry into the definitive acquisition documentation in respect of such Limited Conditionality
Acquisition (the “Limited Conditionality Acquisition Agreement”) and (ii) on the date of effectiveness of the Limited Conditionality Acquisition Agreement, the representations and warranties of each Loan Party
set forth in the Loan Documents shall be true and correct in all material respects (or in all respects if qualified by materiality) on and as of such date. Each Incremental Facility Agreement may, without the consent of any Lender, effect such
amendments to this Agreement and the other Loan Documents as may be necessary or appropriate, in the opinion of the Administrative Agent, to give effect to the provisions of this Section.

(d)        Upon the
effectiveness of an Incremental Term Commitment of any Incremental Term Lender, such Incremental Term Lender shall be deemed to be a “Lender” (and a Lender in respect of Commitments and Loans of the applicable
Class) hereunder, and henceforth shall be entitled to all the rights of, and benefits accruing to, Lenders (or Lenders in respect of Commitments and Loans of the applicable Class) hereunder and shall be bound by all agreements, acknowledgements and
other obligations of Lenders (or Lenders in respect of Commitments and Loans of the applicable Class) hereunder and under the other Loan Documents. 

(e)        Subject
to the terms and conditions set forth herein and in the applicable Incremental Facility Agreement, each Lender holding an Incremental Term Commitment of any Series 

  
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 shall make a loan to the Borrower in an
amount equal to such Incremental Term Commitment on the date specified in such Incremental Facility Agreement. 

(f)        The
Administrative Agent shall notify the Lenders promptly upon receipt by the Administrative Agent of any notice from the Borrower referred to in paragraph (a) above and of the effectiveness of any Incremental Term Commitments, in each case
advising the Lenders of the details thereof. 

  
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 [Reserved]Extensions.SECTION 2.23
Extensions. 

(a)  
      Notwithstanding anything to the contrary in this Agreement, pursuant to one or more offers (each, an “Extension Offer”) made from time to time by the Borrower to all Lenders of Term B Loans with a
like maturity date, in each case on a pro rata basis (based on the aggregate outstanding principal amount of the respective Term B Loans with a like maturity date) and on the same terms to each such Lender, the Borrower is hereby permitted to
consummate from time to time transactions with individual Lenders that accept the terms contained in such Extension Offers to extend the maturity date of each such Lender’s Term B Loans and otherwise modify the terms of such Term B Loans
pursuant to the terms of the relevant Extension Offer (including by increasing the interest rate or fees payable in respect of such Term B Loans and/or modifying the amortization schedule in respect of such Lender’s Term B Loans) (each, an
“Extension,” and each group of Term B Loans as so extended, as well as the original Term B Loans (not so extended), being a “tranche”; any Extended Term Loans shall constitute a separate tranche of Term Loans from
the tranche of Term Loans from which they were converted), so long as the following terms are satisfied: (i) no Default or Event of Default shall have occurred and be continuing at the time the offering document in respect of an Extension Offer
is delivered to the Lenders, (ii) [reserved], (iii) except as to interest rates, fees, amortization, final maturity date, premium, required prepayment dates and participation in prepayments (which shall, subject to immediately succeeding clauses
(iv), (v), and (vi), be determined between the Borrower and set forth in the relevant Extension Offer), the Term B Loans of any Term B Lender that agrees to an extension with respect to such Term B Loans extended pursuant to any Extension (the
“Extended Term Loans”) shall have the same terms as the tranche of Term B Loans subject to such Extension Offer, (iv) the final maturity date of any Extended Term Loans shall be no earlier than the maturity date of the Term B
Loans from which they were converted and the amortization schedule applicable to Term B Loans pursuant to Section 2.10(a) for periods prior to the Term Loan Maturity Date may not be increased, (v) the weighted average life of any Extended
Term Loans shall be no shorter than the remaining weighted average life of the Term B Loans extended thereby, (vi) any Extended Term Loans may participate on a pro rata basis or a less than pro rata basis (but not greater than a pro rata basis)
in any voluntary or mandatory repayments or prepayments of Term B Loans hereunder (except for repayments required upon the scheduled maturity date of the non-Extended Term Loans), in each case as specified in
the respective Extension Offer, (vii) if the aggregate principal amount of Term B Loans (calculated on the face amount thereof) in respect of which Term B Lenders shall have accepted the relevant Extension Offer shall exceed the maximum
aggregate principal amount of Term B Loans offered to be extended by the Borrower pursuant to such Extension Offer, then the Term B Loans of such Term B Lenders shall be extended ratably up to such maximum amount based on the respective principal
amounts (but not to exceed actual holdings of record) with respect to which such Term B Lenders have accepted such Extension Offer, (viii) [reserved], (ix) all documentation in respect of such Extension shall be consistent with the foregoing,
(x) any applicable Minimum Extension Condition shall be satisfied unless waived by the Borrower and (xi) the Minimum Tranche Amount shall be satisfied unless waived by the Administrative Agent. Notwithstanding the foregoing, in no event
shall there be more than six maturity dates in respect of the Credit Facilities (including any Extended Term Loans or Replacement Term Loans). Notwithstanding anything to the
contrary herein, no Extension Offers may be made, no Extensions may occur and no Extended Term Loans may be established during the Senior Period. 

(b)        With respect to all Extensions consummated by the Borrower pursuant to
this Section, (i) such Extensions shall not constitute voluntary or mandatory payments or prepayments for purposes of Section 2.11 and (ii) no Extension Offer is required to be in any minimum amount or any minimum increment,
provided that (x) the Borrower may at its election specify as a condition (a “Minimum Extension Condition”) to consummating any such Extension that a minimum amount (to be determined and specified in the relevant
Extension Offer in the Borrower’s sole discretion and may be 

  
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 waived by the Borrower) of Term B Loans of any or all applicable tranches be tendered and (y) no
tranche of Extended Term Loans shall be in an amount of less than $50,000,000 (the “Minimum Tranche Amount”), unless such Minimum Tranche Amount is waived by the Administrative Agent. The Administrative Agent and the Lenders hereby
consent to the transactions contemplated by this Section (including, for the avoidance of doubt, payment of any interest, fees or premium in respect of any Extended Term Loans on such terms as may be set forth in the relevant Extension Offer) and
hereby waive the requirements of any provision of this Agreement (including Sections 2.11 and 2.18) or any other Loan Document that may otherwise prohibit any such Extension or any other transaction contemplated by this Section. 

(c)        No consent of any Lender or the Administrative Agent shall be required to effectuate any
Extension, other than the consent of each Lender agreeing to such Extension with respect to one or more of its Term Loans. All Extended Term Loans and all obligations in respect thereof shall be Obligations under this Agreement and the other Loan
Documents that are secured by the Collateral on a pari passu basis with all other applicable Obligations under this Agreement and the other Loan Documents. The Lenders hereby irrevocably authorize the Administrative Agent to enter into amendments to
this Agreement and the other Loan Documents with the Borrower as may be necessary in order to establish new tranches or sub-tranches in respect of Term Loans so extended and such technical amendments as may be
necessary or appropriate in the reasonable opinion of the Administrative Agent and the Borrower in connection with the establishment of such new tranches or sub-tranches, in each case on terms consistent with
this Section. Without limiting the foregoing, in connection with any Extensions the respective Loan Parties shall (at their expense) amend (and the Administrative Agent is hereby directed to amend) any Mortgage that has a maturity date prior to the
then latest maturity date so that such maturity date is extended to the then latest maturity date (or such later date as may be advised by local counsel to the Administrative Agent). 

(d)        In connection with any Extension, the Borrower shall provide the Administrative Agent at
least five Business Days’ (or such shorter period as may be agreed by the Administrative Agent) prior written notice thereof, and shall agree to such procedures (including regarding timing, rounding and other adjustments and to ensure
reasonable administrative management of the credit facilities hereunder after such Extension), if any, as may be established by, or acceptable to, the Administrative Agent, in each case acting reasonably to accomplish the purposes of this Section.

 ARTICLE III 

Representations and Warranties 

The Borrower represents and warrants to the Lenders that: 

SECTION 3.01      Organization; Powers. Each of the Borrower and its Subsidiaries is duly organized,
validly existing and in good standing under the laws of the jurisdiction of its organization, has all requisite power and authority to carry on its business as now conducted and, except where the failure to do so, individually or in the aggregate,
could not reasonably be expected to result in a Material Adverse Effect, is qualified to do business in, and is in good standing in, every jurisdiction where such qualification is required. 

SECTION 3.02      Authorization; Enforceability. The Transactions to be entered into by each Loan Party
are within such Loan Party’s powers and have been duly authorized by all necessary action. This Agreement has been duly executed and delivered by the Borrower and constitutes, and each other Loan Document to which any Loan Party is to be a
party, when executed and delivered by such 

  
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 Loan Party, will constitute, a legal, valid and binding obligation of the Borrower or such Loan Party (as
the case may be), enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of
whether considered in a proceeding in equity or at law. 
 SECTION 3.03      Governmental Approvals; No
Conflicts. The Transactions and the other transactions contemplated hereby (a) do not require any consent or approval of, registration or filing with, or any other action by, any Governmental Authority, except (i) such as have been
obtained or made and are in full force and effect, (ii) filings necessary to perfect Liens created under the Loan Documents and (iii) consents, approvals, registrations, filings or actions the failure of which to obtain or perform could
not reasonably be expected to result in a Material Adverse Effect, (b) will not violate any Applicable Law or regulation or the charter, by-laws or other organizational documents of the Borrower or any of
its Subsidiaries or any order of any Governmental Authority, (c) will not violate or result in a default under any indenture, agreement or other instrument binding upon the Borrower or any of its Subsidiaries or their assets, or give rise to a
right thereunder to require any payment to be made by the Borrower or any of its Subsidiaries, except for violations, defaults or the creation of such rights that could not reasonably be expected to result in a Material Adverse Effect, (d) will
not result in the creation or imposition of any Lien on any asset of the Borrower or any of its Subsidiaries, except Liens created under the Loan Documents and Liens permitted by Section 6.02, and (e) do not require any acknowledgement,
agreement or consent under any indenture, agreement or other instrument binding upon the Borrower or any of its Subsidiaries or their assets, except for such acknowledgements, agreements and consents as have been obtained or made and are in full
force and effect, and such acknowledgements, agreements or consents the failure of which to obtain could not reasonably be expected to result in a Material Adverse Effect. Schedule 3.03 sets forth for the Borrower and each Subsidiary Loan Party a
description of each license from a Governmental Authority which is material to the conduct of the business of such Loan Party as of the Closing Date. 

SECTION 3.04      Financial Condition; No Material Adverse Change.The Borrower has heretofore furnished
to the Administrative Agent its consolidated balance sheet and statements of income, stockholders equity and cash flows (i) as of and for the fiscal years ended December 31, 2013 and December 31, 2014, reported on by
Deloitte & Touche LLP, independent public accountants, and (ii) as of and for each fiscal quarter ended subsequent to December 31, 2014 and at least 45 days prior to the Closing Date, in each case certified by its chief financial
officer (it being understood that the Borrower has furnished the foregoing referenced in clause (i) to the Administrative Agent by the filing with the Commission of the Borrower Registration Statement in connection with the Spin-Off). Such financial statements present fairly, in all material respects, the financial position and results of operations and cash flows of the Borrower and its consolidated Subsidiaries as of such dates and
for such periods in accordance with GAAP, subject to year-end audit adjustments and the absence of footnotes in the case of the statements referred to in clause (ii) above. 

(b)        The Borrower has heretofore furnished to the Administrative Agent a pro forma consolidated
balance sheet and related pro forma consolidated statement of income of the Borrower as of and for the 12-month period ending on the last day of the most recently completed four-fiscal quarter period for which
financial statements were delivered under Section 3.04(a), prepared after giving effect to the Transactions and the other transactions contemplated hereby to be consummated on the Closing Date as if the Transactions and such other transactions
had occurred as of such date (in the case of such balance sheet) or at the beginning of such period (in the case of such income statements). 

(c)        Except as disclosed in the financial statements referred to above or the notes thereto or
in the Information Memorandum, except for the Disclosed Matters and except for liabilities 

  
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 arising as a result of the Transactions, after giving effect to the Transactions, none of the Borrower or
the Subsidiaries has, as of the Closing Date, any contingent liabilities that would be material to the Borrower and the Subsidiaries, taken as a whole. 

(d)        Since December 31, 2014, there has been no event, change or occurrence that,
individually or in the aggregate, has had or could reasonably be expected to result in a Material Adverse Effect. 
 SECTION
3.05      Properties.Each of the Borrower and its Subsidiaries has good title to, or valid leasehold interests in, all its real and personal property material to its business (including its Mortgaged Properties),
except for minor defects in title that do not interfere with its ability to conduct its business as currently conducted or to utilize such properties for their intended purposes. 

(b)        Each of the Borrower and its Subsidiaries owns, or is licensed to use, all trademarks,
tradenames, copyrights, patents and other intellectual property material to its business, and the use thereof by the Borrower and its Subsidiaries does not infringe upon the rights of any other Person, except for any such infringements that,
individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. 

(c)        Schedule 3.05 sets forth the address of each real property that is owned or leased by the
Borrower or any of its Subsidiaries as of the Closing Date after giving effect to the Transactions. 
 SECTION
3.06      Litigation and Environmental Matters.There are no actions, suits or proceedings by or before any arbitrator or Governmental Authority pending against or, to the knowledge of the Borrower, threatened
against or affecting the Borrower or any of its Subsidiaries (i) as to which there is a reasonable possibility of an adverse determination and that, if adversely determined, could reasonably be expected, individually or in the aggregate, to
result in a Material Adverse Effect (other than the Disclosed Matters) or (ii) that involve any of the Loan Documents or the Transactions. 

(b)        Except for the Disclosed Matters and except with respect to any other matters that,
individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect, none of the Borrower or any of its Subsidiaries (i) has failed to comply with any Environmental Law or to obtain, maintain or comply with
any permit, license or other approval required under any Environmental Law, (ii) has become subject to any Environmental Liability, (iii) has received notice of any claim with respect to any Environmental Liability or (iv) knows of
any basis for any Environmental Liability. 
 (c)        Since the date of this Agreement, there has
been no change in the status of the Disclosed Matters that, individually or in the aggregate, has resulted in, or materially increased the likelihood of, a Material Adverse Effect. 

(d)        No Borrower or Subsidiary Loan Party is in default with respect to any order, injunction or
judgment of any Governmental Authority, except for such defaults which, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. 

SECTION 3.07      Compliance with Laws and Agreements. Each of the Borrower and its Subsidiaries is in
compliance with all laws, regulations and orders of any Governmental Authority applicable to it or its property and all indentures, agreements and other instruments binding upon it or its property, except where the failure to do so, individually or
in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. No Default has occurred and is continuing.Investment 

  
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 Company Status. None of the Borrower or any of its Subsidiaries is an “investment company”
as defined in, or subject to regulation under, the Investment Company Act of 1940.Taxes. Each of the Borrower and its Subsidiaries has timely filed or caused to be filed all Tax returns and reports required to have been filed and has paid or
caused to be paid all Taxes required to have been paid by it, except (a) any Taxes that are being contested in good faith by appropriate proceedings and for which the Borrower or such Subsidiary, as applicable, has set aside on its books
adequate reserves in accordance with GAAP or (b) to the extent that the failure to do so could not reasonably be expected to result in a Material Adverse Effect. As of the Closing Date, there is no pending audit of the Borrower or any
Subsidiary Loan Party with any federal, state, local or foreign tax authority, except as could not reasonably be expected to result in a Material Adverse Effect. ERISA. No ERISA Event has occurred or is reasonably expected to occur that, when
taken together with all other such ERISA Events for which liability is reasonably expected to occur, could reasonably be expected to result in a Material Adverse Effect. As of the Closing Date, the present value of all accumulated benefit
obligations of all underfunded Plans (based on the assumptions used for purposes of the Financial Accounting Standards Board Accounting Standards Codification Topic No. 715-30) did not, as of the date of
the most recent financial statements reflecting such amounts, exceed by more than
$10,000,0005,000,000 the fair market value of the assets of all such underfunded Plans.Disclosure. The Borrower has disclosed to the Lenders all agreements, instruments and corporate or other restrictions to which the Borrower
or any of its Subsidiaries is subject, and all other matters known to any of them, that, individually or in the aggregate, could reasonably be expected to result in a Material Adverse Effect. Neither the Information Memorandum nor any of the other
reports, financial statements, certificates or other information furnished by or on behalf of any Loan Party to the Administrative Agent or any Lender in connection with the negotiation of this Agreement or any other Loan Document or delivered
hereunder or thereunder (as modified or supplemented by other information so furnished) contains any material misstatement of fact or omits to state any material fact necessary to make the statements therein, in the light of the circumstances under
which they were made, not misleading; provided that, with respect to projected financial information, the Borrower represents only that such information was prepared in good faith based upon assumptions believed to be reasonable at the time
such projections were prepared.Subsidiaries. Schedule 3.12 sets forth the name of, and the ownership interest of the Borrower in each Subsidiary of the Borrower and identifies each Subsidiary that is a Subsidiary Loan Party, in each case as
of the Closing Date.Insurance. Schedule 3.13 sets forth a description of all material insurance policies maintained by or on behalf of the Borrower and the Subsidiaries as of the Closing Date. As of the Closing Date, all premiums due in
respect of such insurance have been paid.Labor Matters. As of the Closing Date, there are no strikes, lockouts or slowdowns against the Borrower or any Subsidiary pending or, to the knowledge of the Borrower, threatened that could reasonably
be expected to have a Material Adverse Effect. All payments due from the Borrower or any Subsidiary, or for which any claim may be made against the Borrower or any Subsidiary, on account of wages and employee health and welfare insurance and other
benefits, have been paid or accrued as a liability on the books of the Borrower or such Subsidiary except for those which, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect. The consummation of the
Transactions will not give rise to any right of termination or right of renegotiation on the part of any union under any collective bargaining agreement to which the Borrower or any Subsidiary is bound.Solvency. Immediately after the
consummation of the Transactions to occur on the Closing Date and immediately following the making of each Loan made on the Closing Date and after giving effect to the application of the proceeds of such Loans, (a) the fair value of the assets
of each Loan Partyof the Borrower and the
Borrower and its Subsidiaries, taken as a whole, at a fair valuation, will exceed its debts and liabilities, subordinated, contingent or otherwise, (b) the present fair saleable value of the
property of each Loan Partyof the Borrower and
the Borrower and its Subsidiaries, taken as a whole, will be greater than the amount that will be required to pay the probable liability of its debts and other liabilities, subordinated,
contingent or otherwise, as such debts and other liabilities become absolute and matured, (c) each Loan Partyof the Borrower and the Borrower and its Subsidiaries, taken as a whole, will

  
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 be able to pay its debts and liabilities, subordinated, contingent or otherwise, as such debts and
liabilities become absolute and matured and (d) the Loan Parties, on a consolidated basis, will not have unreasonably small capital with which to conduct the business in which it
isthey are engaged as such business is now conducted and is proposed to be conducted following the Closing
Date.Senior Indebtedness. The Obligations constitute “Senior Debt”, however defined, under the terms of any Indebtedness that is subordinated in right of payment to the Obligations.Security Documents.(a) The Guarantee and Collateral Agreement is effective to create in favor of the Collateral Agent, for the benefit of the Secured
Parties, a legal, valid and enforceable security interest in the Collateral (as defined in the Guarantee and Collateral Agreement) and, when (i) in respect of Collateral in which a security interest can be perfected by control, such Collateral
is delivered to the Collateral Agent and for so long as the Collateral Agent remains in possession of such Collateral, the security interest created by the Guarantee and Collateral Agreement shall constitute a perfected first priority security
interest in all right, title and interest of the pledgor thereunder in such Collateral, in each case prior and superior in right to any other Person and (ii) in respect of Collateral in which a security interest can be perfected by the filing
of UCC financing statements, financing statements in appropriate form are filed in the offices specified on Schedule 1.04 to the Perfection Certificate most recently delivered to the Collateral Agent, the security interest created by the Guarantee
and Collateral Agreement shall constitute a perfected security interest in all right, title and interest of the grantors thereunder in such Collateral (other than the Intellectual Property (as defined in the Guarantee and Collateral Agreement)), in
each case prior and superior in right to any other Person, other than with respect to Liens permitted by Section 6.02 and subject to the Intercreditor
AgreementAgreements. 
 (b)        [Reserved] 

(c)        When the Guarantee and Collateral Agreement (or a summary thereof) is filed in the United
States Patent and Trademark Office and the United States Copyright Office and the financing statements referred to in Section 3.17(a) above are appropriately filed, the security interest created by the Guarantee and Collateral Agreement shall
constitute a perfected security interest in all right, title and interest of the grantors thereunder in the Intellectual Property (as defined in the Guarantee and Collateral Agreement) in which a security interest may be perfected by filing,
recording or registering a security agreement, financing statement or analogous document in the United States Patent and Trademark Office or the United States Copyright Office, as applicable, in each case prior and superior in right to any other
Person (it being understood that subsequent recordings in the United States Patent and Trademark Office and the United States Copyright Office and subsequent UCC filings may be necessary to perfect a lien on registered trademarks, trademark
applications and copyrights acquired by the Loan Parties after the Closing Date), other than with respect to Liens permitted by Section 6.02 and subject to the Intercreditor
AgreementAgreements. 
 (d)        Each Mortgage, upon execution and
delivery thereof by the parties thereto, is effective to create, subject to the exceptions listed in each title insurance policy covering such Mortgage, in favor of and reasonably satisfactory to the Collateral Agent, for the benefit of the Secured
Parties, a legal, valid and enforceable Lien on all of the applicable mortgagor’s right, title and interest in and to the Mortgaged Properties thereunder and the proceeds thereof, and when the Mortgages are filed in the appropriate offices, the
Lien created by each Mortgage shall constitute a perfected Lien on all right, title and interest of the applicable mortgagor in such Mortgaged Properties and the proceeds thereof, in each case prior and superior in right to any other Person, other
than with respect to the rights of Persons pursuant to Liens permitted by Section 6.02 and subject to the Intercreditor AgreementAgreements. 

  
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 SECTION 3.18 Federal Reserve Regulations.None of the Borrower or any of the
Subsidiaries is engaged principally, or as one of its important activities, in the business of extending credit for the purpose of buying or carrying Margin Stock. 

(b)        No part of the proceeds of any Loan will be used, whether directly or indirectly, and
whether immediately, incidentally or ultimately, for any purpose that entails a violation of the provisions of the Regulations of the Board, including Regulation U or X. 

SECTION 3.19      Anti-Corruption Laws and Sanctions. The Borrower has implemented and maintains in
effect policies and procedures designed to ensure compliance by the Borrower, its Subsidiaries and their respective directors, officers, employees and agents with Anti- Corruption Laws and applicable Sanctions, and the Borrower, its Subsidiaries and
their respective officers and employees and, to the knowledge of the Borrower, its directors and agents, are in compliance with Anti-Corruption Laws and applicable Sanctions in all material respects. None of (a) the Borrower, any Subsidiary or
any of their respective directors, officers or employees, or (b) to the knowledge of the Borrower, any agent of the Borrower or any Subsidiary that will act in any capacity in connection with or benefit from the credit facility established
hereby, is a Sanctioned Person. No Borrowing, use of proceeds or other transaction contemplated by this Agreement will violate Anti-Corruption Laws or applicable Sanctions.Material Contracts. Schedule 3.20 hereto sets forth for the
Borrower and each Subsidiary Loan Party, as of the Closing Date, a list of all of the material contracts and agreements to which such Loan Party is a party, including all Specified Vendor Receivables Financing Documents (other than agreements
disclosed to the Administrative Agent pursuant to Section 5.01(f), agreements relating to Indebtedness described on Schedule 6.01, real property leases identified on Schedule 2.03 to the Perfection Certificate delivered to the Administrative
Agent on the Closing Date, and Licenses identified on Schedule 4.04 to the Perfection Certificate delivered to the Administrative Agent on the Closing Date).EEA Financial Institutions. No Loan Party is an EEA Financial
Institution.Disclosure. As of the
FifthSixth Amendment Effective Date, to the best knowledge of the
Borrower, the information included in the Beneficial Ownership Certification provided on or prior to the FifthSixth Amendment Effective Date to any Lender in connection with this Agreement is true
and correct in all respects. 
 ARTICLE IV 

Conditions 
 SECTION
4.01      Closing Date. The obligations of the Lenders to make Loans hereunder is subject to the satisfaction of the following conditions:(a) The Agents shall have received a favorable written opinion (addressed
to the Administrative Agent and the Lenders and dated the Closing Date) of (i) Cahill Gordon & Reindel LLP and (ii) Jones Day LLP, in each case in form and substance reasonably satisfactory to the Administrative Agent. The
Borrower hereby requests such counsel to deliver such opinions. 
 (b)        The
Administrative Agent shall have received such documents and certificates as the Administrative Agent or its counsel may reasonably request relating to the organization, existence and good standing of each Loan Party, the authorization of the
Transactions and any other legal matters relating to the Loan Parties, the Loan Documents or the Transactions, all in form and substance satisfactory to the Administrative Agent and its counsel. 

  
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 (c)        The Administrative Agent
(or its counsel) shall have received the Intercreditor Agreement, executed and delivered by the Borrower, the other Loan Parties as of the Closing Date, the Collateral Agent and the ABL Agent. 

(d)        The Administrative Agent shall have received all fees and other amounts due
and payable on or prior to the Closing Date, including, to the extent invoiced, reimbursement or payment of all out-of-pocket expenses (including fees, charges and
disbursements of counsel) required to be reimbursed or paid by any Loan Party hereunder or under any Loan Document. 

(e)        The Collateral and Guarantee Requirement shall have been satisfied and the
Administrative Agent shall have received a completed Perfection Certificate dated the Closing Date and signed by an executive officer or Financial Officer of the Borrower, together with all attachments contemplated thereby, including the results of
a search of the Uniform Commercial Code (or equivalent) filings made with respect to the Loan Parties in the jurisdictions contemplated by the Perfection Certificate and copies of the financing statements (or similar documents) disclosed by such
search and evidence reasonably satisfactory to the Administrative Agent that the Liens indicated by such financing statements (or similar documents) are permitted by Section 6.02 or have been released or will be released pursuant to UCC-3 financing statements or other release documentation delivered to the Collateral Agent. 

(f)        The Administrative Agent shall have received evidence that the insurance
required by Section 5.07 and the Security Documents is in effect, together with endorsements naming the Collateral Agent, for the benefit of the Secured Parties, as additional insured and loss payee thereunder, to the extent required by
Section 5.07. 
 (g)        The terms of the
Spin-Off Documentation shall be reasonably satisfactory to the Arrangers and the Spin-Off shall have been consummated (or shall be consummated substantially
simultaneously with the initial funding of the Term B Loans on the Closing Date) in accordance with Applicable Law and the Spin-Off Agreement (without giving effect to any modification or waiver of any
provision of, or any consent given in respect of, the Spin-Off Agreement not approved by the Administrative Agent). 

(h)        After giving effect to the Transactions as of the Closing Date, none of the
Borrower or any of its Subsidiaries shall have outstanding Indebtedness for borrowed money other than (i) Indebtedness incurred under this Agreement, (ii) Indebtedness incurred and outstanding under the ABL Credit Agreement and
(iii) Indebtedness incurred and outstanding in compliance with Section 6.01 of this Agreement. 

(i)        The Lenders shall have received the financial statements referred to in
Section 3.04(a) and (b). 
 (j)        The Administrative Agent shall have
received a certificate, in form and substance reasonably satisfactory to the Administrative Agent, dated the Closing Date and signed by the chief financial officer of each of the Borrower, certifying that its Subsidiaries, on a consolidated basis
after giving effect to the Transactions, are solvent. 
 (k)        The
Administrative Agent and the Lenders shall have received all documentation and other information required by bank regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including the
PATRIOT Act. 

  
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 (l)        Since December 31,
2014, there has been no event, change or occurrence that, individually or in the aggregate, has had or could reasonably be expected to result in a Material Adverse Effect. 

(m)        The ABL Credit Agreement, and the commitments thereunder, shall be (or
shall be substantially simultaneously with the initial funding of the Term B Loan on the Closing Date) effective. 

(n)        The representations and warranties of each Loan Party set forth in the Loan
Documents shall be true and correct in all material respects (or in all respects if qualified as to materiality) on and as of the Closing Date. 

(o)        No Default or Event of Default shall have occurred and be continuing on the
Closing Date or after giving effect to the Loans requested to be made on such date. 

(p)        The Administrative Agent (or its counsel) shall have received from each
party hereto either (i) a counterpart of this Agreement signed on behalf of such party or (ii) written evidence satisfactory to the Administrative Agent (which may include facsimile or other electronic transmission of a signed signature
page of this Agreement) that such party has signed a counterpart of this Agreement. 

(q)        The Administrative Agent shall have received a supplement to Schedule 3.13
setting forth a description of all material insurance policies maintained by or on behalf of the Borrower and its Subsidiaries as of the Closing Date, and to the extent deemed appropriate by the Borrower, supplements to Schedules 3.05, 3.12 and 6.01
reflecting any and all changes in the names of the Subsidiaries of the Borrower referred to therein made in connection with the Spin-Off to the extent necessary to make such schedules true, correct and complete on the Closing Date, in each case in
form and substance reasonably acceptable to the Administrative Agent. Unless the Administrative Agent shall advise the Borrower in writing that any such proposed supplements are not reasonably acceptable to the Administrative Agent, Schedules 3.05,
3.12, 3.13, and/or 6.01 shall be deemed to be automatically amended on the Closing Date to reflect any applicable supplement to such Schedules delivered pursuant to this clause without the necessity of any further action. 

The Administrative Agent shall notify the Borrower and the Lenders of the Closing Date, and such notice shall be conclusive and binding. Notwithstanding the
foregoing, the obligations of the Lenders to make Loans hereunder shall not become effective unless each of the foregoing conditions is satisfied (or waived pursuant to Section 10.02) at or prior to 5:00 p.m., New York City time, on
June 30, 2015 (and, in the event such conditions are not so satisfied or waived, the Commitments shall terminate at such time). 

ARTICLE V 
 Affirmative
Covenants 
 Until the Commitments have expired or been terminated and the principal of and interest on each Loan and all fees payable
hereunder shall have been paid in full, the Borrower covenants and agrees with the Lenders that: 
 SECTION
5.01        Financial Statements and Other Information. The Borrower will furnish to the Administrative Agent and each Lender:(a) within 90 days after the end of each fiscal year 

  
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 of the Borrower, its audited consolidated balance sheet and related statements of operations,
stockholders’ equity and cash flows as of the end of and for such year, setting forth in each case in comparative form the figures for the previous fiscal year, all reported on by Deloitte & Touche LLP or other independent public
accountants of recognized national standing (without a “going concern” or like qualification or exception (except for any such qualification or exception resulting from
anythe current maturity of Loans hereunder) and without any qualification or exception as to the scope of such audit) to the effect that such consolidated financial statements present fairly in all material respects the
financial condition and results of operations of the Borrower and its consolidated subsidiaries on a consolidated basis in accordance with GAAP consistently applied (it being understood that the obligation to furnish the foregoing to the
Administrative Agent and the Lenders shall be deemed to be satisfied in respect of any fiscal year of the Borrower by the filing of the Borrower’s annual report on Form 10-K for such fiscal year with the
Commission to the extent the foregoing are included therein); 

(b)        within 45 days after the end of each of the first three fiscal quarters of
each fiscal year of the Borrower, its consolidated balance sheet and related statements of operations, stockholders’ equity and cash flows as of the end of and for such fiscal quarter and the then elapsed portion of the fiscal year, setting
forth in each case in comparative form the figures for the corresponding period or periods of (or, in the case of the balance sheet, as of the end of) the previous fiscal year, all certified by one of its Financial Officers as presenting fairly in
all material respects the financial condition and results of operations of the Borrower and its consolidated subsidiaries on a consolidated basis in accordance with GAAP consistently applied, subject to normal
year-end audit adjustments and the absence of footnotes (it being understood that the obligation to furnish the foregoing to the Administrative Agent and the Lenders shall be deemed to be satisfied in respect
of any fiscal quarter of the Borrower by the filing of the Borrower’s quarterly report on Form 10-Q for such fiscal quarter with the Commission to the extent the foregoing are included therein); 

(c)        within 90 days after the end of each fiscal year of the Borrower (but in
any event no later than two Business Days after any delivery of financial statements under clause (a) above), or within 45 days after the end of each of the first three fiscal quarters of each fiscal year of the Borrower (but in any event no
later than two Business Days after any delivery of financial statements under clause (b) above), a certificate of a Financial Officer of the Borrower (i) certifying as to whether a Default has occurred and, if a Default has occurred,
specifying the details thereof and any action taken or proposed to be taken with respect thereto, (ii) stating whether any change in GAAP or in the application thereof has occurred since the date of the Borrower’s audited financial
statements referred to in Section 3.04 and, if any such change has occurred, specifying the effect of such change on the financial statements accompanying such certificate and (iii) identifying all Subsidiaries existing on the date of such
certificate and indicating, for each such Subsidiary, whether such Subsidiary is a Subsidiary Loan Party, a Foreign Subsidiary and/or an Immaterial Subsidiary and whether such Subsidiary was formed or acquired since the end of the previous fiscal
quarter; 
 (d)        within 90 days after the end of each fiscal year of the
Borrower, (i) a certificate of the accounting firm that reported on such financial statements stating whether they obtained knowledge during the course of their examination of such financial statements of any Default (which certificate may be
limited to the extent required by accounting rules or guidelines) and (ii) a certificate of a Financial Officer of the Borrower (A) identifying any parcels of real property or improvements thereto with a value exceeding $2,000,000 that
have been acquired by any Loan Party since the end of the previous fiscal year, (B) identifying any changes of the type described in Section 5.03(a) that have not been previously reported by the Borrower, (C) identifying any 

  
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 Permitted Acquisitions
that have been consummated since the end of the previous fiscal year, including the date on which each such Permitted Acquisition was consummated and the consideration therefor[reserved], (D) identifying any Intellectual Property (as defined in the Guarantee and
Collateral Agreement) with respect to which a notice is required to be delivered under the Guarantee and Collateral Agreement and has not been previously delivered, (E) identifying any Prepayment Events that have occurred since the end of the
previous fiscal year and setting forth a reasonably detailed calculation of the Net Proceeds received from Prepayment Events since the end of such previous fiscal year and (F) if applicable, calculating Excess Cash Flow for the applicable
Excess Cash Flow Period; 
 (e)        no later than February 15 of each
fiscal year of the Borrower (commencing with the fiscal year ending December 31, 2015), a detailed consolidated budget for such fiscal year (including a projected consolidated balance sheet and related statements of projected operations and
cash flow as of the end of and for such fiscal year and setting forth the assumptions used for purposes of preparing such budget) and, promptly when available, any material revisions of such budget that have been approved by senior management of the
Borrower; 
 (f)        promptly after the same become publicly available, copies of
all periodic and other reports, proxy statements and other materials filed by the Borrower or any Subsidiary with the Commission or with any national securities exchange, as the case may be (it being understood that the obligation to furnish the
foregoing to the Administrative Agent and the Lenders shall be deemed to be satisfied to the extent the foregoing are filed with the Commission); 

(g)        promptly upon the Borrower’s receipt thereof, (A) copies of all
material compliance reports filed and material correspondence regarding any active or pending investigation or enforcement action concerning the Borrower or any Subsidiary Loan Party with any state, federal, local or foreign regulatory agency and
(B) all material correspondence, if any, alleging violation of or requesting compliance by the Borrower or any Subsidiary Loan Party with laws, regulations, etc. or requests for information pursuant to interstate commerce laws, antitrust laws,
securities laws, worker safety laws (OSHA), etc.; 
 (h)        except to the extent
already provided for in this Section 5.01, promptly after the sending thereof, copies of any proposed waiver, consent, or amendment concerning any of the ABL Loan Documents; 

(i)        promptly upon the effectiveness thereof, (A) a description of each
license from a Governmental Authority which becomes effective after the Closing Date and is material to the conduct of the business of the Borrower and its Subsidiaries, taken as a whole, and (B) a description of each material contract or
agreement to which the Borrower or any Subsidiary Loan Party is a party, including each Specified Vendor Receivables Financing Document (other than contracts and agreements disclosed to the Administrative Agent pursuant to Section 5.01(f),
agreements described on Schedule 3.20 or Schedule 6.01, and without duplication of real property leases identified on Schedule 2.03 to the Perfection Certificate most recently delivered to the Administrative Agent and Licenses identified on Schedule
4.04 to the Perfection Certificate most recently delivered to the Administrative Agent); and 

(j)  
      by no later than 11:00 p.m. (New York time), in each case in a form reasonably acceptable to
the Required Lenders (it being acknowledged and agreed by the Lenders that the Forecast for North America and Europe-Africa delivered by the Borrower to the Administrative Agent and the Lenders on February 16, 2019 is in an acceptable form),
(i) on the last Wednesday 

  
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of each fiscal month, an
updated 13-week statement of projected receipts and disbursements (each such statement, a “Rolling 13-Week Cash Flow Forecast”), (ii) on each Wednesday, a
report showing actual receipts and disbursements through the prior week for North America and Europe-Africa, including a variance report showing the variance to the immediately prior Rolling 13-Week Cash Flow
Forecast with qualitative commentary explaining any material variations to such Rolling 13-Week Cash Flow Forecast, (iii) on the 15th day of each calendar month, a report detailing Liquidity for the last
day of the previously ended fiscal month and indicating whether the Borrower is in compliance with Section 6.13(b), (iv) on each Wednesday, a flash report in a form reasonably acceptable to the Required Lenders providing estimated revenues by
segment and those other key performance indicators by major location reasonably produced on a weekly basis for the prior week or those available monthly on a monthly basis for the prior month and (v) on the 15th day of each calendar month, an
accounts payable aging report as of the prior fiscal month –end for Horizon Global Company LLC, Horizon Global Americas, Inc. and Westfalia- Automotive GmbH; provided that none of the documents, reports, or information delivered pursuant to
this clause (j) shall be shared with or provided or distributed to any Public-Sider; 

(k)  
      within 30 days after the end of each fiscal month of the Borrower, (i) its consolidated
balance sheet and related statements of operations and cash flows as of the end of and for such fiscal month and the then elapsed portion of the fiscal year, and a statement of cash flows on a year to date basis setting forth in each case in
comparative form the figures for the corresponding period or periods of (or, in the case of the balance sheet, as of the end of) the previous fiscal year, all certified by one of its Financial Officers as presenting fairly in all material respects
the financial condition and results of operations of the Borrower and its consolidated subsidiaries on a consolidated basis in accordance with GAAP consistently applied, subject to normal quarter- and year-end
audit adjustments and the absence of footnotes, and (ii) a variance analysis to the budget for the P&L on a segment basis with qualitative commentary, each in a form reasonably acceptable to the Required Lenders; provided that none of the
documents, reports, or information delivered pursuant to this clause (k) shall be shared with or provided or distributed to any Public-Sider; and 

(jl)        promptly following any request therefor, such other information regarding the operations, business
affairs and financial condition of the Borrower or any Subsidiary, or compliance with the terms of any Loan Document, as the Administrative Agent or any Lender may reasonably request. 

The Borrower represents and warrants that it and any of its Subsidiaries either (i) has no registered or publicly traded securities
outstanding or (ii) files its financial statements with the Commission and/or makes its financial statements available to potential holders of its 144A securities, and, accordingly, the Borrower hereby (x) authorizes the Administrative
Agent to make the financial statements to be provided under Section 5.01(a) and (b) above, along with the Loan Documents, available to all Lenders and (y) agrees that at the time such financial statements are provided hereunder, they
shall already have been made available to holders of its securities. The Borrower will not request that any other material be posted to all Lenders without expressly representing and warranting to the Administrative Agent in writing that
(A) such materials do not constitute material non-public information within the meaning of the federal securities laws (“MNPI”) or (B) (i) the Borrower and its Subsidiaries have no
outstanding publicly traded securities, including 144A securities, and (ii) if at any time the Borrower or any of its Subsidiaries issues publicly traded securities, including 144A securities, then the Borrower will, upon the issuance of such
securities, make such materials that do constitute MNPI at the time of issuance of such securities publicly available by press release or public filing with the Commission. In no event will the Administrative Agent post compliance certificates or
budgets to Public-Siders. 

  
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 SECTION 5.02    Notices of Material Events. The Borrower will
furnish to the Administrative Agent and each Lender prompt written notice of the following:(a) the occurrence of any Default; 

(b)        the filing or commencement of any action, suit or proceeding by or before
any arbitrator or Governmental Authority against or affecting the Borrower or any Subsidiary thereof that, if adversely determined, could reasonably be expected to result in a Material Adverse Effect; 

(c)        the occurrence of any ERISA Event that, alone or together with any other
ERISA Events that have occurred, could reasonably be expected to result in liability of the Borrower and its Subsidiaries in an aggregate amount exceeding $10,000,0005,000,000; 

(d)        any pending or threatened labor dispute, strike or walkout, or the
expiration of any material labor contract; 
 (e)        any default under or
termination of a Material Agreement; 
 (f)        any judgment for the payment of
money in an aggregate amount exceeding
$2,500,0005,000,000 that remains undischarged for a period of 30 consecutive days, during which execution is not effectively stayed, or the occurrence of any action legally taken by a judgment creditor to attach or levy upon assets
in order to enforce any such judgment; 
 (g)        the assertion of any
Intellectual Property Claim, if an adverse resolution could have a Material Adverse Effect; 

(h)        any violation or asserted violation of any Applicable Law (including ERISA,
OSHA, FLSA, or any Environmental Laws), if an adverse resolution could have a Material Adverse Effect; 

(i)        any Release by a Loan Party or with respect to any Real Estate owned,
leased or occupied by a Loan Party; or receipt of any Environmental Notice, in each case where the expected remedial costs or liability is reasonably expected to exceed $2,500,000; 

(j)        the discharge of or any withdrawal or resignation by the Borrower’s
independent accountants; and 

(k)        
not later than two Business Days after the occurrence thereof, the occurrence of any default, event or default or cash dominion event
under the ABL Credit Agreement; and 
 (kl)        any other
development that results in, or could reasonably be expected to result in, a Material Adverse Effect. 
 Each notice delivered under this Section
shall be accompanied by a statement of a Financial Officer or other executive officer of the Borrower setting forth the details of the event or development requiring such notice and any action taken or proposed to be taken with respect thereto. 

  
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 SECTION 5.03    Information Regarding Collateral.The Borrower
will furnish to the Administrative Agent prompt written notice of any change (i) in any Loan Party’s legal name, (ii) in the location of any Loan Party’s chief executive office or (iii) in any Loan Party’s jurisdiction
of organization. The Borrower agrees not to effect or permit any change referred to in the preceding sentence unless written notice has been delivered to the Collateral Agent, together with all applicable information to enable the Administrative
Agent to make all filings under the Uniform Commercial Code or otherwise that are required in order for the Collateral Agent (on behalf of the Secured Parties) to continue at all times following such change to have a valid, legal and perfected
security interest in all the Collateral. 
 (b)        Each year, within 90 days after the end of
each fiscal year of the Borrower, the Borrower (on behalf of itself and the other Loan Parties) shall deliver to the Administrative Agent a certificate of a Financial Officer of the Borrower (i) setting forth the information required pursuant
to the Perfection Certificate or confirming that there has been no change in such information since the date of the Perfection Certificate delivered on the Closing Date or the date of the most recent certificate delivered pursuant to this Section
and (ii) certifying that all Uniform Commercial Code financing statements (including fixture filings, as applicable) or other appropriate filings, recordings or registrations, including all refilings, rerecordings and reregistrations,
containing a description of the Collateral have been filed of record in each governmental, municipal or other appropriate office in each jurisdiction identified pursuant to clause (i) above to the extent necessary to protect and perfect the
security interests under the Security Documents for a period of not less than 18 months after the date of such certificate (except as noted therein with respect to any continuation statements to be filed within such period). 

  
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 SECTION 5.04        Existence; Conduct of
Business. The Borrower will, and will cause each of the Subsidiaries to, do or cause to be done all things necessary to preserve, renew and keep in full force and effect its legal existence and the rights, licenses, permits, privileges,
franchises, patents, copyrights, trademarks and trade names the loss of which would have a Material Adverse Effect; provided that the foregoing shall not prohibit any merger, consolidation, liquidation or dissolution permitted under
Section 6.03 or disposition permitted under Section 6.05.Payment of Obligations. The Borrower will, and will cause each of the Subsidiaries to, pay its Indebtedness and other obligations, including Tax liabilities, before the same
shall become delinquent or in default, except (a) those being contested in good faith by appropriate proceedings and for which the Borrower has set aside on its books adequate reserves with respect thereto in accordance with GAAP, or
(b) to the extent the failure to make payment could not reasonably be expected to result in a Material Adverse Effect.Maintenance of Properties. The Borrower will, and will cause each of the Subsidiaries to, keep and maintain all
property material to the conduct of their business, taken as a whole, in good working order and condition, ordinary wear and tear excepted; provided that the foregoing shall not prohibit any merger, consolidation, liquidation or dissolution
permitted under Section 6.03 or disposition permitted under Section 6.05.Insurance. The Borrower will, and will cause each of the Subsidiaries to, maintain insurance in such amounts (with no greater risk retention) and against such
risks as are customarily maintained by companies of established repute engaged in the same or similar businesses operating in the same or similar locations, except where the failure to do so could not reasonably be expected to result in a Material
Adverse Effect. Such insurance shall be maintained with financially sound and reputable insurance companies, except that a portion of such insurance program (not to exceed that which is customary in the case of companies engaged in the same or
similar business or having similar properties similarly situated) may be effected through self- insurance; provided adequate reserves therefor, in accordance with GAAP, are maintained. In addition, the Borrower will, and will cause each of
its Subsidiaries to, maintain all insurance required to be maintained pursuant to the Security Documents. With respect to each Mortgaged Property that is located in an area determined by the Federal Emergency Management Agency to have special flood
hazards, the applicable Loan Party will maintain, with financially sound and reputable insurance companies, such flood insurance as is required under Applicable Law, including Regulation H of the Board of Governors. The Borrower will furnish to the
Lenders, upon request of the Administrative Agent, information in reasonable detail as to the insurance so maintained. All insurance policies or certificates (or certified copies thereof) with respect to such insurance shall be endorsed to the
Collateral Agent’s reasonable satisfaction for the benefit of the Lenders (including by naming the Collateral Agent as lender loss payee or additional insured, as appropriate).Casualty and Condemnation. The Borrower (a) will furnish
to the Administrative Agent and the Lenders prompt written notice of casualty or other insured damage to any material portion of any Collateral having a book value or fair market value of $1,000,000 or more or the commencement of any action or
proceeding for the taking of any Collateral having a book value or fair market value of $1,000,000 or more or any part thereof or interest therein under power of eminent domain or by condemnation or similar proceeding and (b) will ensure that
the Net Proceeds of any such event (whether in the form of insurance proceeds, condemnation awards or otherwise) are collected and applied in accordance with the applicable provisions of this Agreement and the Security Documents.Books and
Records; Cooperation; Inspection and Audit Rights; Lender Calls..The Borrower will, and will cause each of the Subsidiaries to, keep proper
books of record and account in which full, true and correct entries are made of all dealings and transactions in relation to its business and activities. The Borrower will, and will cause each of the Subsidiaries to, permit any representatives
designated by the Administrative Agent or any Lender, upon reasonable prior notice, to visit and inspect its properties, to examine and make extracts from its books and records, and to discuss its affairs, finances and condition with its officers
and independent accountants, all at such reasonable times and as often as reasonably requested. 

(b)        The Borrower shall hold a telephone call (i) once per calendar month, for the benefit of the Administrative Agent and the Lenders that
are not Public-Siders to discuss the Borrower’s 

  
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and its Subsidiaries’ operational and
financial performance, the status of strategic initiatives and any other items reasonably requested to be covered by any Lender and respond to questions that are raised on such call and (ii) in addition, once per calendar quarter, for the
benefit of the Administrative Agent and Public- Siders to discuss the Borrower’s and its Subsidiaries’ operational and financial performance, the status of strategic initiatives and any other items reasonably requested to be covered by any
Lender and respond to questions that are raised on such call. 
 (c)        The Borrower will, and will cause each of the Subsidiaries to, reasonably cooperate with one financial advisor acting on behalf of all of the
Agents and the Lenders. 
 SECTION 5.10    Compliance
with Laws. The Borrower will, and will cause each of the Subsidiaries to, comply with all laws, rules, regulations and orders of any Governmental Authority applicable to it or its property, except where the failure to do so, individually or in
the aggregate, could not reasonably be expected to result in a Material Adverse Effect. The Borrower will maintain in effect and enforce policies and procedures designed to ensure compliance by the Borrower, its Subsidiaries and their respective
directors, officers, employees and agents with Anti-Corruption Laws and applicable Sanctions.Use of Proceeds. The Borrower will use the proceeds of the Term Loans on the Closing Date solely (i) to consummate the Transactions,
(ii) to pay the fees and expenses in connection with the Transactions and (iii) for general corporate purposes. The Borrower will use the proceeds of the 2018 Incremental Term Loans solely (i) to pay the fees and expenses in
connection with the Fourth Amendment, (ii) to repay the ABL Loans under the ABL Credit Agreement and (iii) for general corporate purposes. No part of the proceeds of any Loan will be used, whether directly or indirectly, for any purpose
that entails a violation of any of the Regulations of the Board, including Regulations T, U and X. The Borrower shall use the proceeds
of the Junior Credit Agreement on the Sixth Amendment Effective Date to repay in full in cash all obligations outstanding under the Senior Credit Agreement and otherwise for ordinary working capital purposes and accounts payable catch up consistent
with the forecast delivered prior to the Sixth Amendment Effective Date.Additional Subsidiaries. If any additional Subsidiary is formed or acquired after the Closing Date (or any existing
Subsidiary becomes a Subsidiary Loan Party after the Closing Date), the Borrower will, within five Business Days after such Subsidiary is formed or acquired (or becomes a Subsidiary Loan Party), notify the Administrative Agent and the Lenders
thereof and, within 30 days (or such longer period as may be agreed to by the Administrative Agent) after such Subsidiary is formed or acquired (or becomes a Subsidiary Loan Party), cause the Collateral and Guarantee Requirement to be satisfied with
respect to such Subsidiary, including with respect to any Equity Interest in or Indebtedness of such Subsidiary owned by or on behalf of any Loan Party.Further
Assurances.(a)         The Borrower will, and will cause each Subsidiary
Loan Party to, execute any and all further documents, financing statements, agreements and instruments, and take all such further actions (including the filing and recording of financing statements, fixture filings, mortgages, deeds of trust,
landlord waivers and other documents), which may be required under any Applicable Law, or which the Administrative Agent or the Required Lenders may reasonably request, to cause the Collateral and Guarantee Requirement to be and remain satisfied,
all at the expense of the Loan Parties. The Borrower also agrees to provide to the Administrative Agent, from time to time upon request, evidence reasonably satisfactory to the Administrative Agent as to the perfection and priority of the Liens
created or intended to be created by the Security Documents. 
 (b)        If any assets
(including any real property or improvements thereto or any interest therein) having a book value or fair market value of $5,000,0001,000,000 or more in the aggregate are acquired by the Borrower or any Subsidiary Loan
Party after the Closing Date or through the acquisition of a Subsidiary Loan Party under Section 5.12 or through the conversion of a Subsidiary into a Subsidiary Loan Party under Section 5.12 (other than, in each case, assets constituting
Collateral under the Guarantee and Collateral Agreement that become subject to the Lien of the Guarantee and Collateral Agreement 

  
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 upon acquisition thereof), the Borrower or, if applicable, the relevant Subsidiary Loan Party will notify
the Administrative Agent and the Lenders thereof, and, if reasonably requested by the Administrative Agent or the Required Lenders, the Borrower will cause such assets to be subjected to a Lien securing the Obligations and will take, and cause the
Subsidiary Loan Parties to take, such actions as shall be necessary or reasonably requested by the Administrative Agent to grant and perfect such Liens, including actions described in paragraph (a) of this Section, all at the expense of the
Loan Parties. 
 (c)        The Borrower will, and will cause each Subsidiary Loan Party to, deposit
the proceeds of any Term Priority Collateral in a Term Collateral Proceeds Account at any time (i) after the occurrence and during the continuance of an Event of Default under clauses (a), (h) or (i) of Article VII and (ii) after the
occurrence and during the continuance of any other Event of Default after the Administrative Agent provides written notice to the Borrower to so deposit such proceeds. 

(d)        The Borrower will, and will cause each Subsidiary Loan Party to, satisfy the post-closing
conditions described in Exhibit E to the
FifthSixth Amendment within the timelines set forth therein. 
 SECTION
5.14    Ratings. The Borrower will use commercially reasonable efforts to maintain (a) a long-term public corporate family and/or credit, as applicable, rating of the Borrower and (b) a credit rating for the
Credit Facilities, in each case from each of Moody’s and S&P. It is understood and agreed that the foregoing is not an agreement to maintain any specific rating. 

Negative Covenants 
 Until the
Commitments have expired or terminated and the principal of and interest on each Loan and all fees payable hereunder have been paid in full, the Borrower covenants and agrees with the Lenders that: 

SECTION
6.01    Indebtedness; Certain Equity SecuritiesThe Borrower will not, nor
will it permit any Subsidiary to, create, incur, assume or permit to exist any Indebtedness, except (and provided, however, that during the Senior Period no Indebtedness described in clauses (i)(B), (ii), (iii)(B), (iv), (vii), (viii), (ix), (x),
(xii), (xiii), (xx) (in excess of $99,000,000), (xxi) or (xxii) below may be incurred by the Borrower or any Subsidiary (other than Indebtedness existing on the Fifth Amendment Date and set forth in Schedule 6.01A and (B) extensions, renewals and
replacements of any such Indebtedness that do not increase the outstanding principal amount as specified on such Schedule 6.01A or result in an earlier maturity date or decreased weighted average life thereof)): 
 SECTION
6.01    Indebtedness; Certain Equity Securities. The
Borrower will not, nor will it permit any Subsidiary to, create, incur, assume or permit to exist any Indebtedness, except: 

(i)
    Indebtedness created under the Loan Documents; 

(ii)
    
[Reserved]; 

(iiii) (A) Indebtedness
created under the Loan Documents, (existing on
the Sixth Amendment Effective Date (which Indebtedness shall, to the extent the principal amount thereof as of the Sixth Amendment Effective Date exceeds $500,000, be set forth on Schedule 6.01) and (B) any Permitted Term Loan Refinancing Indebtedness, and (C) with respect to such Indebtedness under the Senior Loan Documents; 

  
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(iv)
 any Specified Vendor Receivables Financings in existence on the Sixth Amendment
Effective Date and Permitted Refinancings thereof; 

(ii)    (A) financings in respect of
sales of accounts receivable by a Foreign Subsidiary permitted by Section 6.05(c), (B) the Specified Vendor Receivables Financing and (C) the Specified Vendor Payables Financing;

 (iii)  (A) Indebtedness existing on
the date hereof and set forth in Schedule 6.01 and (B) extensions, renewals and replacements of any such Indebtedness that do not increase the outstanding principal amount as specified on such Schedule 6.01 or result in an earlier maturity date
or decreased weighted average life thereof; 
 (iv)    Permitted Unsecured Debt of the Borrower; provided that the Net Leverage Ratio (disregarding the proceeds of such Permitted Unsecured
Debt in calculating Unrestricted Domestic Cash), on a pro forma basis after giving effect to the incurrence of such Permitted Unsecured Debt (and any related repayment of Indebtedness) and recomputed as of the last day of the most recently ended
fiscal quarter of the Borrower for which financial statements are available, as if such incurrence (and any related repayment of Indebtedness) had occurred on the first day of the relevant period is no greater than 4.00 to 1.00; 
 (v)    Indebtedness of the Borrower to
any Subsidiary and of any Subsidiary to the Borrower or any other Subsidiary; provided that Indebtedness of any Subsidiary that is not a Loan Party
or any Subsidiary Loan Party for which the Collateral and Guarantee Requirement has not been satisfied to the Borrower or any Subsidiary Loan Party shall be subject to Section 6.04; 

(vi)    Guarantees by the Borrower of Indebtedness of any Subsidiary and by any
Subsidiary of Indebtedness of the Borrower or any other Subsidiary; provided that Guarantees by the Borrower or any Subsidiary Loan Party of Indebtedness of any Subsidiary that is not a Loan Party or any Subsidiary Loan Party for which the Collateral and Guarantee Requirement has not been satisfied shall be subject to Section 6.04; 
 (vii) Guarantees by the Borrower or any Subsidiary, as the case may be, in respect of (A) any Permitted Term Loan Refinancing Indebtedness, (B) any Alternative Incremental Debt or (C) any
Permitted Unsecured Debt; provided that none of the Borrower or any Subsidiary, as the case may be, shall Guarantee such Indebtedness unless it also has Guaranteed the Obligations pursuant to the Guarantee and Collateral
Agreement;[reserved]; 

(viii)    Indebtedness of the Borrower or any Subsidiary incurred to finance the
acquisition, construction or improvement of any fixed or capital assets, including Capital Lease Obligations and any Indebtedness assumed in connection with the acquisition of any such assets or secured by a Lien on any such assets prior to the
acquisition thereof, and extensions, renewals and replacements of any such Indebtedness that do not increase the outstanding principal amount thereof or result in an earlier maturity date or decreased weighted average life thereof; provided that
(A) such Indebtedness is incurred prior to or within 180 days after such acquisition or the completion of such construction or improvement and (B) the aggregate principal amount of Indebtedness permitted by this clause (viii) after the Sixth Amendment Effective Date shall not exceed $20,000,00010,000,000 at any time outstanding; 

  
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 (ix)  Indebtedness arising as a result of an Acquisition Lease Financing or any other sale and leaseback transaction permitted under Section 6.06;in connection with any retention of title arrangements (verlängerter Eigentumsvorbehalt) made in the ordinary course of
business; 

(x)    Indebtedness of
any Person that becomes a Subsidiary after the Closing Date; provided that (A) such Indebtedness exists at the time such Person becomes a Subsidiary and is not created in contemplation of or in connection with such Person becoming a Subsidiary
and (B) the aggregate principal amount of Indebtedness permitted by this clause (x) shall not exceed $25,000,000 at any time outstanding, less the liquidation value of any outstanding Assumed Preferred Stock;arising under a declaration of joint and several liability used for the purpose of section 2:403 of the Dutch Civil Code (and any residual
liability under such declaration arising pursuant to section 2:404(2) of the Dutch Civil Code; 

(xi)  Indebtedness of the Borrower or any Subsidiary in respect of workers’ compensation
claims, self-insurance obligations, performance bonds, surety appeal or similar bonds and completion guarantees provided by the Borrower and the Subsidiaries in the ordinary course of their business; 

(xii) other unsecured Indebtedness of the Borrower or any
Subsidiaryor other financings incurred by Foreign Subsidiaries in respect of accounts receivable and/or
inventory in an aggregate principal amount not exceeding $15,000,00010,000,000 at any time outstanding, less the liquidation value of any applicable Qualified Borrower Preferred Stock issued and outstanding pursuant to clause (b) of the definition of Qualified Borrower Preferred
Stock; 

(xiii)            secured Indebtedness
incurred by Foreign Subsidiaries that are not Loan Parties in an aggregate
amount not exceeding
$50,000,00010,000,000 at any time outstanding, in each case in respect of Indebtedness of Foreign Subsidiaries; provided that the Net Proceeds thereof are applied in accordance with Section 2.11(c); 
 (xiv) Indebtedness arising from the honoring by a bank or
other financial institution of a check, draft or similar instrument inadvertently (except in the case of daylight overdrafts) drawn against insufficient funds in the ordinary course of business; provided, however, that such
Indebtedness is extinguished within 10 days of incurrence; 
 (xv) Indebtedness arising in connection with
endorsement of instruments for deposit in the ordinary course of business; 
 (xvi) Indebtedness incurred
in connection with the financing of insurance premiums in an aggregate amount at any time outstanding not to exceed the premiums owed under such policy, if applicable; 

(xvii)            contingent obligations to financial institutions, in each case to the extent in the ordinary course of business and on terms and
conditions which are within the general parameters customary in the banking industry, entered into to obtain cash management services or deposit account overdraft protection services (in an amount similar to those offered for comparable services in
the financial industry) or other services in connection with the management or opening of deposit accounts or incurred as a result of endorsement of negotiable instruments for deposit or collection purposes and other customary, contingent obligations, including obligations under Bank Products (as defined in the ABL Credit Agreement as in effect 

  
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 on the date hereof) other than Hedging Agreements, of the Borrower and its Subsidiaries
incurred in the ordinary course of business; 

(xviii)        unsecured guarantees by the Borrower or any Subsidiary
Loan Party of facility leases of any Loan Party; 
 (xix) payment obligations of or Guarantees by the
Borrower or any Subsidiary Loan Party with respect to any Hedging Agreement permitted under Section 6.07 hereof; provided that if such Hedging Agreement is related to interest rates, (A) such Hedging Agreement shall relate to
payment obligations on Indebtedness otherwise permitted to be incurred by the Loan Documents and (B) the notional amount of such Hedging Agreement shall not exceed the principal amount of the Indebtedness to which such Hedging Agreement
relates; 
 (xx) Indebtedness of the Borrower, any Subsidiary Loan Party or any ABL Foreign Loan Party
under the ABL Credit Agreement in an aggregate principal amount at any one time outstanding not to exceed the greater of (i) $150,000,000 and (ii) the Borrowing Base as of the
date of such incurrence;$99,000,000, subject to Section 6.11, and any replacement or refinancing thereof; provided
that the Borrower will not, and will not permit any Subsidiary to, create, grant or permit to exist any Lien on the ABL Priority Collateral that is contractually subordinated (including pursuant to a last-out
facility for Indebtedness for borrowed money) or junior in priority to the Liens on the ABL Priority Collateral securing any of the “Loans” or any other “Obligations” (each as defined in the ABL Credit Agreement), unless such
Lien on the ABL Priority Collateral is also contractually subordinated or junior in priority, in the same manner and to the same extent, to the Liens on ABL Priority Collateral securing the Obligations; it being understood and agreed that this
proviso shall not restrict any refinancing or replacement of the ABL Credit Agreement (or replacement or refinancing thereof) being secured by a first priority lien on ABL Priority Collateral);

 (xxi)Alternative Incremental Debt; provided that
the aggregate principal amount of any Alternative Incremental Debt established on any date shall not exceed (i) (together with the aggregate amount of all Incremental Term Commitments established on such date in reliance on the Base Incremental
Amount) an amount equal to the Base Incremental Amount on such date and (ii) an additional amount subject to the Maximum Alternative Incremental Debt Amount as of such date; 

(xxii)         any
Capital Lease Obligations of a Person that becomes a Subsidiary pursuant to the Westfalia Acquisition; provided that (A) such Capital Lease Obligation exists at the time such Person becomes a Subsidiary and is not created in contemplation of or
in connection with such Person becoming a Subsidiary and (B) the aggregate principal amount of Indebtedness permitted by this clause (xxii) shall not exceed $15,000,000 at any time outstanding; and 

(xxiii)        
Indebtedness of the Borrower under the Convertible Notes outstanding on the Fifth Amendment Date. 

(xxi)[reserved]; 

(xxii)         Indebtedness of the Borrower in an amount not to exceed $15,000,000 at any time outstanding; provided that (a) such Indebtedness shall
not mature prior to the date that is 91 days after the Latest Maturity Date in effect at the time of the issuance of such Indebtedness 

  
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and shall not have any principal payments due prior to such date, except upon the
occurrence of a change of control or similar event (including asset sales), in each case so long as the provisions relating to change of control or similar events (including asset sales) included in the governing instrument of such Indebtedness
provide that the provisions of this Agreement must be satisfied prior to the satisfaction of such provisions of such Indebtedness, (b) such Indebtedness is not Guaranteed by any Subsidiary of the Borrower other than the Loan Parties (which
Guarantees shall be permitted only to the extent permitted by Section 6.01(a)(vi)), (c) such Indebtedness shall not have any financial maintenance covenants, (d) such Indebtedness shall not have a definition of “Change of
Control” or “Change in Control” (or any other defined term having a similar purpose) that is materially more restrictive than the definition of Change in Control set forth herein, (e) such Indebtedness is subordinated to the
Obligations on terms reasonably acceptable to the Required Lenders and (f) no such Indebtedness shall be, directly or indirectly, provided by any lender or agent or Affiliate of any lender or agent under the Junior Credit Agreement; 

(xxiii)        (A) Indebtedness of the Borrower under the Convertible Notes outstanding on the Sixth Amendment Effective Date and (B) any Permitted
Refinancing Indebtedness with respect thereto; provided that the interest rate, fees, or yield payable with respect to such Permitted Refinancing Indebtedness shall not be higher than the interest rate, fees, or yield payable under the Convertible
Notes outstanding on the Sixth Amendment Effective Date; and 

(xxiv)         Indebtedness of the Borrower and its Subsidiary Loan Parties incurred on the Sixth Amendment Effective Date under the Junior Credit Agreement
in an aggregate principal amount not to exceed $52,000,00, plus an additional amount of Indebtedness incurred thereunder solely in connection with the “in-kind” payment of interest thereon pursuant
to the terms of the Junior Credit Agreement as in effect on the Sixth Amendment Effective Date and any Permitted Refinancing Indebtedness thereof; and 

(xxv)         Indebtedness of the Borrower, and Guarantees thereof by any Subsidiary Loan Party, incurred after the Sixth Amendment Effective Date in an
aggregate principal amount not to exceed the lesser of (A) $100,000,000 and (B) $100,000,000 minus the aggregate principal amount of prepayments of the Term Loans made by the Borrower pursuant to Section 2.10(b) after the Sixth Amendment
Effective Date and prior to the date such Indebtedness is incurred, provided that such Indebtedness matures at least 91 days after the Maturity Date, is subordinated in right of payment to the Term Loans (including any Guarantees thereof) and is
subject to an intercreditor agreement reasonably acceptable to the Required Lenders and provided further that the net proceeds therefrom shall be used to prepay Term Loans pursuant to Section 2.10(b). 
 (b)        The Borrower will not, nor will it permit
any Subsidiary to, issue any preferred stock or other preferred Equity Interests, except (i) other than Qualified Borrower Preferred Stock, (ii) Assumed Preferred Stock and (iii) preferred stock or preferred Equity Interests held by the Borrower or any Subsidiary and; provided, however, that during the Senior Period
no Qualified Borrower Preferred Stock or Assumed Preferred Stock may be issued by the Borrower or any Subsidiary.. 

SECTION 6.02        Liens. The Borrower will not, nor will it permit any Subsidiary to, create,
incur, assume or permit to exist any Lien on any property or asset now owned or hereafter acquired by it, or assign or sell any income or revenues (including accounts receivable) or rights in respect of any thereof, except (and provided, however, that during the Senior Period no Liens described in clauses (a)(ii), (c), (e), (f), (h), (i), (j), (n) or (r) below may be created, assumed or incurred by the
Borrower or any Subsidiary (other than any Lien on any property or asset of the Borrower or any 

  
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 Subsidiary existing on the Fifth Amendment
Date and set forth in Schedule 6.02A; provided that (i) such Lien shall not apply to any other property or asset of the Borrower or any Subsidiary and (ii) such Lien shall secure only those obligations which it secures on the date hereof
and extensions, renewals and replacements thereof that do not increase the outstanding principal amount thereof)):: 

(a)        (i) Liens created under the Loan Documents, and
(ii) Liens in respect of any Permitted Term Loan Refinancing Indebtedness, and (iii) Liens created by the
SeniorJunior Loan Documents which are subject to the Term Intercreditor Agreement; 
 (b)        Permitted Encumbrances;

 (c)        Liens in respect of the Specified Vendor Receivables FinancingFinancings permitted
under Section 6.01(a)(iv); 

(d)        any Lien on any property or asset of the Borrower or any Subsidiary
existing on the date hereof and set forth inSixth
Amendment Effective Date (which Liens shall, to the extent securing Indebtedness with a principal amount in excess of $500,000 as of the Sixth Amendment Effective Date, be set forth on Schedule
6.02); provided that (i) such Lien shall not apply to any other property or asset of the Borrower or any Subsidiary
and (ii) such Lien shall secure only those obligations which it secures on the date hereof and extensions, renewals and replacements thereof that do not increase the outstanding principal amount thereof; 

(e)        any Lien
existing on any property or asset prior to the acquisition thereof by the Borrower or any Subsidiary or existing on any property or asset of any Person that becomes a Subsidiary after the Closing Date prior to the time such Person becomes a
Subsidiary; provided that (i) such Lien is not created in contemplation of or in connection with such acquisition or such Person becoming a Subsidiary, as the case may be, (ii) such Lien shall not apply to any other
property or assets of the Borrower or any Subsidiary and (iii) such Lien shall secure only those obligations which it secures on the date of such acquisition or the date such Person becomes a Subsidiary, as the case may be;Liens securing Indebtedness permitted by Section 6.01(a)(ix); 

(f)        Liens on fixed or capital assets acquired, constructed or improved by, or
in respect of Capital Lease Obligations of, the Borrower or any Subsidiary; provided that (i) such security interests secure Indebtedness permitted by clause (viii) of Section 6.01(a), (ii) such security interests and the Indebtedness
secured thereby are incurred prior to or within 180 days after such acquisition or the completion of such construction or improvement, (iii) the Indebtedness secured thereby does not exceed the cost of acquiring, constructing or improving such
fixed or capital assets and (iv) such security interests shall not apply to any other property or assets of the Borrower or any Subsidiary; 

(g)        Liens, with respect to any Mortgaged Property, described in the applicable
schedule of the title policy covering such Mortgaged Property; 
 (h)        Liens
in respect of sales or other financings of accounts receivable or inventory by Foreign Subsidiaries to the extent the Indebtedness is permitted by Section 6.056.01(ca) (xii); 

(i)        other Liens securing liabilities permitted hereunder in an aggregate amount not exceeding (i) in respect of consensual
Liens,not in excess of $5,000,000 and (ii) in respect of all such Liens, $10,000,000, in each case at any time outstanding; 

  
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 (j)        Liens in respect of
Indebtedness permitted by Section 6.01(a)(xiii), provided that the assets subject to such Liens are not located in the United States; 

(k)        Liens, rights of setoff and other similar Liens existing solely with
respect to cash and Permitted Investments on deposit in one or more accounts maintained by any Lender, in each case granted in the ordinary course of business in favor of such Lender with which such accounts are maintained, securing amounts owing to
such Lender with respect to cash management and operating account arrangements, including those involving pooled accounts and netting arrangements; provided that, unless such Liens are non-consensual
and arise by operation of law, in no case shall any such Liens secure (either directly or indirectly) the repayment of any Indebtedness for borrowed money; 

(l)        licenses or sublicenses of Intellectual Property (as defined in the
Guarantee and Collateral Agreement) granted by any Company in the ordinary course of business and not interfering in any material respect with the ordinary conduct of business of the Borrower; 

(m)        the filing of UCC financing statements solely as a precautionary measure in
connection with operating leases or consignment of goods; 
 (n)        Liens for the benefit of a seller deemed to attach solely to cash earnest money deposits in connection with a letter of intent or acquisition agreement with respect to a Permitted
Acquisition;on Collateral securing Indebtedness permitted under Section 6.01(xxii) so long as such Liens rank
junior in priority to the Liens securing the Obligations subject to intercreditor arrangements reasonably satisfactory to the Administrative Agent; 
 (o)        Liens deemed to exist in
connection with investments permitted under Section 6.04 that constitute repurchase obligations and in connection with related set-off rights; 

(p)        Liens of a collection bank arising in the ordinary course of business under
Section 4-210 of the UCC in effect in the relevant jurisdiction covering only the items being collected upon; 

(q)        Liens of sellers of goods to the Borrower or any of its Subsidiaries
arising under Article 2 of the UCC in effect in the relevant jurisdiction in the ordinary course of business, covering only the goods sold and covering only the unpaid purchase price for such goods and related expenses; 

(r)        Liens on Collateral securing Alternative Incremental Debt, provided that such Alternative Incremental Debt shall be subject to a customaryIndebtedness incurred pursuant to Section 6.01(a)(xxv), which Liens shall be junior in right of priority to the Obligations and shall be
subject at all times to an intercreditor agreement in form and substance reasonably
satisfactoryacceptable to the Administrative
AgentRequired Lenders; and 

(s)        Liens
(iunder the ABL Security Documents (as defined in the
ABL/Term Loan Intercreditor Agreement) (i) that are subject to the ABL/Term Loan Intercreditor Agreement, or (ii) on cash
granted in favor of any Secured Party (as defined in the ABL Credit Agreement) created as a result of any requirement
to provide cash collateral pursuant to the ABL Credit Agreement and (ii) subject to the Intercreditor Agreement and created under the ABL Security Documents (or any ABL
Security Documents (as defined in the Intercreditor Agreement)). 

  
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 SECTION 6.03 Fundamental Changes.The Borrower will not, nor will it permit any other
Person to merge into or consolidate with any of them, or liquidate or dissolve, except that, if at the time thereof and immediately after giving effect thereto no Default shall have occurred and be continuing (i) any Subsidiary may merge into
the Borrower in a transaction in which the Borrower is the surviving corporation, (ii) any Subsidiary may merge into any Subsidiary in a transaction in which the surviving entity is a Subsidiary and (if any party to such merger is a Subsidiary
Loan Party) is a Subsidiary Loan Party for which the Collateral and Guarantee Requirement has been satisfied and (iii) any Subsidiary (other than a Subsidiary Loan Party) may liquidate or dissolve if the Borrower determines in good faith that
such liquidation or dissolution is in the best interests of the Borrower and is not materially disadvantageous to the Lenders; provided that any such merger involving a Person that is not a wholly owned Subsidiary immediately prior to such
merger shall not be permitted unless also permitted by Section 6.04. Notwithstanding the foregoing, this Section 6.03 shall not prohibit any Permitted
Acquisition. 
 (b) The Borrower will not, and will not permit any of its
Subsidiaries to, engage to any material extent in any business other than businesses of the type conducted by the Borrower and its Subsidiaries on the date of execution of this Agreement and businesses reasonably related thereto. 

SECTION 6.04        Investments, Loans, Advances, Guarantees and Acquisitions. The Borrower
will not, nor will it permit any Subsidiary to, purchase, hold or acquire (including pursuant to any merger with any Person that was not a wholly owned Subsidiary prior to such merger) any Equity Interests in or evidences of indebtedness or other
securities (including any option, warrant or other right to acquire any of the foregoing) of, make or permit to exist any loans or advances to, Guarantee any obligations of, or make or permit to exist any investment or any other interest in, any
other Person, or purchase or otherwise acquire (in one transaction or a series of transactions) any assets of any other Person constituting a business unit, except (and provided,
however, that during the Senior Period the Borrower or any Subsidiary may not make a purchase, acquisition, advance, or investment pursuant to any of the clauses (c), (d) (unless consistent with prior practice and in the ordinary course of
business), (f), (g), (p), (q), (r), (s) or (t) below (other than investments existing on the Fifth Amendment Date and set forth on Schedule
6.04A))::(a)        Permitted Investments; 

(b)        investments existing on the date hereof andSixth Amendment Effective Date (which
investments shall, to the extent they exceed $500,000 as of the Sixth Amendment Effective Date, be set forth on Schedule
6.04); 

(c)        Permitted
Acquisitions[Reserved]; 

(d)        investments by the Borrower and the Subsidiaries in their respective
Subsidiaries that exist immediately prior to any applicable transaction; provided that (i) any such Equity Interests held by a Loan Party shall be pledged pursuant to the Guarantee and Collateral Agreement to the extent required by this
Agreement and (ii) the aggregate amount of investments (excluding any such investments, loans, advances and Guarantees to such Subsidiaries that are assumed and exist on the date
any Permitted Acquisition is consummated and that are not made, incurred or created in contemplation of or in connection with such Permitted Acquisition) by Loan Parties in, and loans and
advances by Loan Parties to, and Guarantees by Loan Parties of Indebtedness of, Subsidiaries that are not Loan Parties that have
complied with the Collateral and Guarantee Requirement made after the Closing Date shall not at any time exceed
$40,000,00010,000,000; 

  
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 (e)        loans or advances made by
the Borrower to any Subsidiary and made by any Subsidiary to the Borrower or any other Subsidiary; provided that (i) any such loans and advances made by a Loan Party shall be evidenced by a promissory note pledged pursuant to the
Guarantee and Collateral Agreement and (ii) the amount of such loans and advances made by Loan Parties to Subsidiaries that are not Loan Parties shall be subject to the limitation set forth in clause (d) above; 

(f)        
Guarantees permitted by
Section 6.01(a)(vii)[reserved]; 

(g)        
Guarantees in respect of any Specified Vendor Payables
Financing[reserved]; 

(h)        investments received in connection with the bankruptcy or reorganization
of, or settlement of delinquent accounts and disputes with, customers and suppliers, in each case in the ordinary course of business; 

(i)        any investments in or loans to any other Person received as noncash
consideration for sales, transfers, leases and other dispositions permitted by Section 6.05; 

(j)        Guarantees by the Borrower and the Subsidiaries of leases entered into by
any Subsidiary as lessee; provided that the amount of such Guarantees made by Loan Parties to Subsidiaries that are not Loan Parties shall be subject to the limitation set forth in clause (d) above; 

(k)        extensions of credit in the nature of accounts receivable or notes
receivable in the ordinary course of business; 
 (l)        loans or advances to
employees made in the ordinary course of business consistent with prudent business practice and not exceeding $2,500,00050,000 in the aggregate outstanding at any one time; 

(m)        investments in the form of Hedging Agreements permitted under
Section 6.07; 
 (n)        [reserved]; 

(o)        payroll, travel and similar advances to cover matters that are expected at
the time of such advances ultimately to be treated as expenses for accounting purposes and that are made in the ordinary course of business; 

(p)        Permitted
Joint Venture and Foreign Subsidiary Investments;[reserved]; and

 (q)        investments, loans or advances in addition to those permitted
by the other clauses of this Section 6.04 not exceeding in the aggregate
$40,000,0001,000,000 at any time outstanding, provided that no Default exists at the time that such investment, loan or advance is made or is caused thereby;. 

(r)  
      investments made (i) in an amount not to exceed the Net Proceeds of any issuance of Equity Interests in the Borrower issued on or after
the Closing Date or (ii) with Equity Interests in the Borrower; 

  
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  (s) 
       investments by the Borrower or any Subsidiary in an aggregate amount not to exceed the Available Amount; and 

  
(t)        other investments by the Borrower or any Subsidiary so long as the Net
Leverage Ratio (calculated on a pro forma basis after giving effect to such investment and any related incurrence or repayment of Indebtedness) is less than 2.50 to 1.00. 

SECTION 6.05     Asset Sales. The Borrower will not, nor will it permit any Subsidiary to, sell, transfer, lease or
otherwise dispose of any asset, including any Equity Interest owned by it, nor will it permit any Subsidiary to issue any additional Equity Interest in such Subsidiary, except (and
provided, however, that during the Senior Period the Borrower or any Subsidiary may not, sell, transfer, lease or otherwise dispose of any asset, including any Equity Interest owned by it, nor will the Borrower permit any Subsidiary to issue any
additional Equity Interest in such Subsidiary pursuant to any of the clauses (c), (e), (f) or (j) below (other than sales, transfers and other dispositions of property identified on Schedule 6.05A))::(a)             sales,
transfers, leases and other dispositions of inventory, used or surplus equipment or other obsolete assets, Permitted Investments and investments referred to in Section 6.04(h) in the ordinary course of business; 

  (b)        sales, transfers and dispositions to the Borrower or a
Subsidiary; provided that any the book value and the fair market value (whichever is higher) of all property that is subject to
such sales, transfers or dispositions
involvingfrom a Loan Party to a Subsidiary that is not a Loan Party shall be made
innot exceed $10,000,000 in the aggregate for all such sales, transfers or dispositions made after the Sixth Amendment
Effective Date and all such sales, transfers or dispositions shall be made in the ordinary course of business and in compliance with Section 6.04 and Section 6.09; 

  (c)        
(i) sales of accounts receivable and
inventory and related assets by a Foreign Subsidiary pursuant to customary
terms whereby recourse and exposure in respect thereof to any Foreign Subsidiary does not exceed at any time $35,000,000 and (ii) sales of accounts receivables and related
assets pursuant to the Specified Vendor Receivables Financing;to the extent permitted by Section 6.01 (a)
(xii); 

  (d)        the creation of Liens permitted by Section 6.02 and
dispositions as a result thereof; 
   (e)        sales or transfers that are permitted sale and leaseback
transactionsof accounts receivable and related assets pursuant to
the Specified Vendor Receivables Financings permitted under
Section 
6.066.01(a)(iv); 
   (f)        sales and transfers that constitute part of an Acquisition Lease
Financing[reserved]; 

  (g)        Restricted Payments permitted by Section 6.08; 

  (h)        transfers and dispositions constituting investments permitted
under Section 6.04; 
   (i)         sales, transfers and other dispositions of property identified on Schedule 6.05;
and[reserved] 

  
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   (j)        so long as no Event of Default shall have occurred and then be continuing, sales, transfers and other dispositions of assets (other
than Equity Interests in a Subsidiary) that are not permitted by any other clause of this Section; provided that the aggregate fair market value of all assets sold,
transferred or otherwise disposed of in reliance upon this clause (j) shall not exceed (i) 15% of the aggregate fair market value of all assets of the Borrower (determined as of the end of its most recent fiscal year), including any Equity
Interests owned by it, during any fiscal year of the Borrower; provided that such amount shall be increased, in respect of the fiscal year ending on December 31, 2016, and each fiscal year thereafter by an amount equal
to the total unused amount of such permitted(i)
all sales, transfers and other dispositions for the
immediately preceding fiscal year (without giving effect to the amount of any unused permitted
by this clause (j) shall be made for fair market value, (ii) all
sales, transfers and other dispositions that were carried forward to such preceding fiscal year) and (ii) 35% of the aggregate fair market value of all assets of the Borrower
as of the Closing Date, including any Equity Interests owned by it, during the term of this Agreement subsequent to the Closing Date;permitted by this clause (j) above shall be for 100%
cash consideration, and (iii) all Net Proceeds thereof shall be applied as follows: (A) up to the first $100,000,000 of such Net Proceeds shall be applied to repay the Loans pursuant to Section 2.10(b), (B) after $100,000,000 of such
Net Proceeds have been applied to repay the Loans, the next $15,000,000 of such Net Proceeds may be retained by the Borrower, and (C) all other Net Proceeds shall be applied to prepay the Loans pursuant to Section 2.11(c); 

provided that (x) all sales, transfers, leases and other dispositions permitted hereby (other than those permitted by clauses (b) or (h)
above) shall be made for fair value and (y) all sales, transfers, leases and other dispositions permitted by clauses (i), (j) and (k) above shall be for at least 75% cash
consideration. 
 SECTION 6.06     Sale and
Leaseback Transactions. The Borrower will not, nor will it permit any Subsidiary to, enter into any arrangement, directly or indirectly, whereby it shall sell or transfer any property, real or personal, used or useful in its business, whether
now owned or hereinafter acquired, and thereafter rent or lease such property or other property that it intends to use for substantially the same purpose or purposes as the property sold or transferred, except, in each case, during the Senior Period, for (a) any such sale of any fixed or capital assets (other than any such transaction to which (b) or (c) below is applicable)
that is made for cash consideration in an amount not less than the cost of such fixed or capital asset in an aggregate amount less than or equal to $10,000,000, so long as the Capital Lease Obligations associated therewith are permitted by
Section 6.01(a)(viii), (b) in the case of property owned as of or after the Closing Date, any such sale of any fixed or capital assets that is made for cash consideration in an aggregate amount not less than the fair market value of such fixed
or capital assets not to exceed $20,000,000 in the aggregate, in each case, so long as the Capital Lease Obligations (if any) associated therewith are permitted by Section 6.01(a)(viii) and (c) any Acquisition Lease
Financing.. 
 SECTION 6.07     Hedging
Agreements. The Borrower will not, nor will it permit any Subsidiary to, enter into any Hedging Agreement, other than (a) Hedging Agreements entered into in the ordinary course of business and which are not speculative in nature to hedge or
mitigate risks to which the Borrower or any Subsidiary is exposed in the conduct of its business or the management of its assets or liabilities (including Hedging Agreements that effectively cap, collar or exchange interest rates (from fixed to
floating rates, from one floating rate to another floating rate or otherwise)) (it being understood that the Borrower and its Foreign Subsidiaries may enter into Hedging Agreements consisting of cross- currency swaps related to intercompany loans
between the Borrower and/or its Foreign Subsidiaries), (b) except during the Senior Period, Permitted Bond Hedge Transactions
and (c) except during the Senior Period, Permitted Warrant Transactions. 

  
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 SECTION 6.08     Restricted Payments; Certain Payments of
Indebtedness.The Borrower will not, nor will it permit any Subsidiary to, declare or make, or agree to pay or make, directly or indirectly, any Restricted Payment, or incur any obligation (contingent or otherwise) to do so, except (and provided, however, that the Borrower or any Subsidiary may not during the Senior Period declare or make, or agree to pay or make, directly or indirectly, any Restricted Payment or
incur any obligation (contingent or otherwise) to do so pursuant to any of the clauses (iii), (iv), (v), (vii), (viii), (ix) or (xi) below):: 

  (i)   the Borrower may declare and pay dividends with respect to its Equity Interests payable
solely in additional common Equity Interests in the Borrower; 

  (ii)  Subsidiaries may declare and pay dividends ratably with respect to their capital stock; 

  (iii) the Borrower may make Restricted Payments,
not exceeding $5,000,000 from and after the date hereof, pursuant to and in accordance with stock option plans, equity purchase programs or agreements or other benefit plans, in each case for management or employees or former employees of the
Borrower and the Subsidiaries; 
   (iv) the Borrower may pay the Closing Date Dividend; 

  (v)  the Borrower may pay cash dividends in
respect of Qualified Borrower Preferred Stock issued pursuant to clauses (b) and (c) of the definition thereof; provided that such dividends in respect of Qualified Borrower Preferred Stock issued pursuant to clause
(c) of the definition thereof may only be made after the fiscal year ending December 31, 2016 and only with Excess Cash Flow not otherwise required to be used to prepay Term Loans pursuant to Section 2.11(d)) (without duplication of
amounts used pursuant to Section 6.08(a)(vii) or amounts included in the Available Amount and used pursuant to Sections 6.04(s) or 6.08(b)(vii)); 

  (vi) [reserved]; 
   (vii)
the Borrower may make payments in respect of the repurchase, retirement or other acquisition of Equity Interests of the Borrower or any Subsidiary using the portion of Excess Cash
Flow not subject to mandatory prepayment pursuant to Section 2.11(d) (without duplication of amounts used pursuant to Section 6.08(a)(v) or amounts included in the Available Amount and used pursuant to Sections 6.04(s) or
6.08(b)(vii)); 
   (viii)
            the Borrower may make Restricted Payments; provided that if after giving effect to such
Restricted Payments (and any Indebtedness incurred in connection therewith (but disregarding the proceeds of any such Indebtedness in calculating Unrestricted Domestic Cash) and any related repayment of Indebtedness), the Net Leverage Ratio at the
time of the making such payments (the date of the making of such payments, the “RP Date”) would be (1) less than or equal to 2.25 to 1.00, but greater than 2.00 to 1.00, such Restricted Payments shall not be
permitted if the aggregate amount of such Restricted Payments would exceed $40,000,000, (2) less than or equal to 2.75 to 1.00, but greater than 2.25 to 1.00, such Restricted Payments shall not be permitted if the aggregate amount of such Restricted
Payments would exceed $25,000,000, (3) less than or equal to 3.25 to 1.00 but greater than 2.75 to 1.00, such Restricted Payments shall not be permitted if the aggregate amount of such Restricted Payments would exceed $15,000,000, (4) less than or
equal to 4.00 to 1.00 but greater than 3.25 to 1.00, such Restricted Payments shall not be permitted if the aggregate amount of such Restricted Payments would exceed $10,000,000

  
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 and (5) greater than
4.00 to 1.00, such Restricted Payments shall not be permitted if the aggregate amount of such Restricted Payments would exceed $5,000,000; provided further that at the time of any payment pursuant to this clause (viii), no
Default or Event of Default shall have occurred and be continuing; 

  (ix) the Borrower may make payments in
respect of any purchase price adjustment required to be made under the Westfalia Purchase Agreement; 

  (x)   the Borrower may make any
Restricted Payments and/or payments or deliveries in shares of common stock (or other securities or property following a merger event or other change of the common stock of the Borrower) (and cash in lieu of fractional shares) and/or cash required
by the terms of, and otherwise perform its obligations under, any Permitted Convertible Indebtedness (including, without limitation, making payments of interest and principal thereon, making payments due upon required repurchase thereof and/or
making payments and deliveries due upon conversion thereof); 

  (xiiii)         the Borrower may pay the premium in respect of, and may otherwise perform its obligations under, any Permitted Bond Hedge Transaction;
and 

  (xiiiv)         the Borrower may make payments or deliveries in shares of common stock and cash in lieu of fractional
shares required by the terms of, and otherwise perform its obligations under, the Convertible Notes Indenture (including, without limitation, making payments of interest and principal thereon and/or making deliveries (other than in cash) due upon
conversion thereof).; and 

  
(v) the Sixth Amendment Transactions on the Sixth Amendment Effective Date (but not, for the avoidance, any Restricted Payments made in
cash). 
 (b)         The Borrower will
not, nor will it permit any Subsidiary to, make or agree to pay or make, directly or indirectly, any payment or other distribution (whether in cash, securities or other property) of or in respect of principal of or interest on any Indebtedness, or
any payment or other distribution (whether in cash, securities or other property), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement, acquisition, cancellation or termination of any Indebtedness,
except (and provided, however, that the Borrower or any Subsidiary may not during the Senior Period make, or agree to pay or make, directly or indirectly, any payment or other
distribution (whether in cash, securities or other property) of or in respect of principal of or interest on any Indebtedness, or any payment or other distribution (whether in cash, securities or other property), including any sinking fund or
similar deposit, on account of the purchase, redemption, retirement, acquisition, cancellation or termination of any Indebtedness pursuant to any of the clauses (vi), (vii) or (ix) (other than as required to comply with its obligations as in effect
on the Fifth Amendment Effective Date) below):: 

  (i)   payment of Indebtedness created under the Loan Documents; 

  (ii)   payment of regularly scheduled interest and principal payments as and when due in respect of any
Indebtedness, other than payments in respect of subordinated Indebtedness prohibited by the subordination provisions thereof; provided
that no cash interest payments under any Indebtedness under the Junior Credit Agreement or any refinancing thereof; 

  
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   (iii) refinancings of Indebtedness to the extent permitted by
Section 6.01; 
   (iv)
subject to the Term Intercreditor Agreement and the ABL/Term Loan Intercreditor Agreement, the payment of
securedFirst Lien Secured Indebtedness out of the proceeds of any sale or transfer of the property or assets securing such Indebtedness; 

  (v) payment of or in respect of (A) Indebtedness created under the ABL Loan Documents and
(B) Indebtedness or obligations secured by the ABL Security Documents; 
   (vi) paymentspayment of Indebtedness with the Net Proceeds of an issuance of Equity Interests in the Borrowercreated under
 the Junior Loan Documents solely with the proceeds of mandatory prepayments declined or waived by the Lenders; 

  (vii) payments of Indebtedness in an amount
equal to the Available Amount; provided that at the time of such payment and after giving effect thereto, (i) no Default or Event of Default shall have occurred and be continuing and (ii) at the time of such payment
and after giving effect thereto and to the incurrence of any Indebtedness in connection therewith (but disregarding the proceeds of any such Indebtedness in calculating Unrestricted Domestic Cash), the Net Leverage Ratio is not greater than 2.00 to
1.00;[reserved]; and 

  (viii)         the Borrower may make payments or deliveries in shares of
common stock and cash in lieu of fractional shares required by the terms of, and otherwise perform its obligations under, the Convertible Notes Indenture (including, without limitation, making payments of interest and principal thereon and/or making
deliveries (other than in cash) due upon conversion thereof); and. 

  (ix)
the purchase of any Permitted Bond Hedge Transaction by the Borrower and the performance of its obligations
thereunder. 
 (c)         The
Borrower will not, nor will it permit any Subsidiary to, enter into or be party to, or make any payment under, any Synthetic Purchase Agreement unless, in each case except during the
Senior Period, (i) in the case of any Synthetic Purchase Agreement related to any Equity Interests of the Borrower, the payments required to be made by the Borrower are limited to
amounts permitted to be paid under Section 6.08(a), (ii) in the case of any Synthetic Purchase Agreement related to any Restricted Indebtedness, the payments required to
be made by the Borrower or the Subsidiaries thereunder are limited to the amount permitted under Section 6.08(b) and (iii) in the case of any Synthetic Purchase Agreement, the obligations of the Borrower and the Subsidiaries thereunder are
subordinated to the Obligations on terms satisfactory to the Required Lenders.. 

SECTION 6.09     Transactions with Affiliates. The Borrower will not, nor will it permit any Subsidiary to, sell,
lease or otherwise transfer any property or assets to, or purchase, lease or otherwise acquire any property or assets from, or otherwise engage in any other transactions with, any of its Affiliates, except: 

(a)         transactions that are at prices and on terms and conditions not less
favorable to the Borrower or such Subsidiary than could be obtained on an arm’s-length basis from unrelated third parties;
provided that (i) in the case of any single transaction or series of transactions with a volume in excess of $500,000, the board
of directors of the Borrower shall have made a determination in good faith that such transaction or series of transactions, as applicable, is on prices and on terms and conditions not less favorable to the Borrower or such Subsidiary than 

  
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could be obtained on an arm’s-length
basis from unrelated third parties and (ii) in the case of any single transaction or series of transactions with a volume in excess of $1,000,000, the board of directors of the Borrower shall have engaged an independent financial advisor
reasonably acceptable to the Required Lenders and such independent financial advisor shall have made a determination and delivered a customary fairness opinion stating that such transaction or series of transactions, as applicable, is on prices and
on terms and conditions not less favorable to the Borrower or such Subsidiary than could be obtained on an arm’s-length basis from unrelated third parties; 
 (b)         transactions between or
among the Borrower and the Subsidiariesany other Loan Parties not involving any other Affiliate (to the extent not otherwise prohibited by other provisions of this Agreement); 

(c)         any Restricted Payment permitted by Section 6.08; and 

(d)         
(i) transactions pursuant to agreements in effect on the Closing Date and listed on
Schedule 6.09 (provided that this clause (d) shall not apply to any extension, or renewal of, or any amendment or modification of such agreements that is less favorable to the Borrower or the applicable Subsidiaries, as the case may be)
and (ii) the Sixth Amendment Transactions. 

SECTION 6.10     Restrictive Agreements. The Borrower will not, nor will it permit any Subsidiary to, directly or
indirectly, enter into, incur or permit to exist any agreement or other arrangement that prohibits, restricts or imposes any condition upon (a) the ability of the Borrower or any Subsidiary to create, incur or permit to exist any Lien upon any
of its property or assets, or (b) the ability of any Subsidiary to pay dividends or other distributions with respect to any shares of its capital stock or to make or repay loans or advances to the Borrower or any other Subsidiary or to
Guarantee Indebtedness of the Borrower or any other Subsidiary; provided that (i) the foregoing shall not apply to restrictions and conditions imposed by law or by any Loan Document, Specified Vendor Receivables Financing Document, Specified Vendor Payables Financing Document or any ABL Loan Document or any Junior Loan Document or that are customary, in the reasonable judgment of the board
of directors thereof, for the market in which such Indebtedness is issued so long as such restrictions do not prevent, impede or impair (x) the creation of Liens and Guarantees in favor of the Lenders under the Loan Documents or (y) the
satisfaction of the obligations of the Loan Parties under the Loan Documents, (ii) the foregoing shall not apply to restrictions and conditions existing on the date
hereofexisting on the Fifth Amendment Effective Date and identified on Schedule 6.10 (but shall apply
to any extension or renewal of, or any amendment or modification expanding the scope of, any such restriction or condition), (iiiii) the foregoing shall not apply to customary restrictions and conditions contained in
agreements relating to the sale of a Subsidiary pending such sale; provided, further, that such restrictions and conditions apply only to the Subsidiary that is to be sold and such sale is permitted hereunder and (iviii)
clause (a) of the foregoing shall not apply to (A) restrictions or conditions imposed by any agreement relating to secured Indebtedness permitted by this Agreement if such restrictions or conditions apply only to the property or assets
securing such Indebtedness and (B) customary provisions in leases and other agreements restricting the assignment thereof. 

SECTION 6.11     Amendment of Material Documents. The Borrower will not, nor will it permit any Subsidiary to,
amend, restate, modify or waive any of its rights under (a) its certificate of incorporation, by-laws or other organizational documents, and (b) (i) any Material Agreement (other than any ABL Loan
Document and the Junior Loan Documents),
Spin-Off Documentation or other agreements (including joint venture agreements), in each case to the extent such amendment, restatement, modification or waiver is adverse to the Lenders in any material respect
(it being agreed that the addition 

  
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or removal of the Borrower or any Subsidiary from participation in a Specified Vendor Receivables Financing or Specified Vendor
Payables Financing shall not constitute an amendment, modification or waiver of any Specified Vendor Receivables Financing Document or Specified Vendor Payables Financing Document, as applicable, that is adverse to the Lenders), (ii) any ABL Loan Document that (w) expands or adds to the obligations secured under any ABL Security Documents (other than any obligations constituting Indebtedness created under the ABL Credit Agreement),
(x) adds any mandatory prepayment provisions (only to the extent resulting in a corresponding permanent commitment reduction or requiring prepayment from the net cash proceeds of the sale, transfer or other disposition of Term Priority Collateral or
any casualty or other insured damage to, or any taking under power of eminent domain or by condemnation or similar proceeding of, any Term Priority Collateral) or changes any mandatory prepayment provisions in a manner that would increase the amount
of any mandatory prepayment of the ABL Loans (only to the extent resulting in a corresponding permanent commitment reduction), (y) increases the “Applicable Margin” or similar component of interest thereunder by more than 3.0% (other than
as a result of accrual of interest at the default rate) or (z) adds an additional covenant or event of default or makes any covenant or event of default in the ABL Loan Documents materially more restrictive or burdensome prior to the Latest
Maturity Date then in effect (unless this Agreement is amended to provide all of the Lenders with the benefits of such covenants or events of default), in each case under this clause (z), other than covenants and events of default solely relating to
the Borrowing Base (as defined in the ABL Credit Agreement), the ABL Priority Collateral or similar matters relating primarily to the asset based revolving nature of the ABL Credit Agreement or in respect of any Offshore Facilities Refinancing (as
defined in the ABL/Term Loan Intercreditor Agreement)
or (iii) any Junior Loan Document in a manner that is inconsistent with the Term Intercreditor Agreement. 
 SECTION 6.12     [Reserved].Net Leverage RatioFinancial Covenants. (a) The Borrower will not permit
the maximum
NetFirst Lien Leverage Ratio as of the last day of any fiscal quarter ending after the Fourth Amendment Effective Dateset
forth below (commencing with the fiscal quarter ending September 30, 2019) to exceed the ratio set forth below opposite such fiscal quarter: 

 

			
		  	Net
	Fiscal Quarter	  	First Lien Leverage Ratio
		
	JuneSeptember 30, 20182019	  	7.008.25:1.00
	September 30, 2018December	  	7.006.25:1.00
	31, 2019	  	
	DecemberMarch 31,	  	7.05.50:1.00
	20182020	  	
		  	
	March 31, 2019	  	6.50:1.00
	June 30, 20192020	  	5.00:1.00
	September 30, 20192020 and	  	4.75:1.00
	each fiscal quarter ending	  	
	thereafter	  	

  
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(b)
         The Borrower will not permit
Liquidity to be less than $15,000,000 as of the last day of any fiscal month end, commencing with the month ending March 31, 2019. 

(c)
         The Borrower will not permit the
Fixed Charge Coverage Ratio as of the last day of any fiscal quarter set forth below (commencing with the fiscal quarter ending March 31, 2020) to be below the ratio set forth below opposite such fiscal quarter: 

  
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 Fiscal
Quarter
	  	Fixed Charge Coverage Ratio
	Fiscal quarters ended March	  	0.75:1.00
	31, 2020	  	
	December 31, 2019June 30,	  	4.51.00:1.00
	2020 and each fiscal quarter	  	
	ending thereafter	  	

(d)         The Borrower will not permit Capital Expenditures in any fiscal year to exceed the amount set forth below opposite such fiscal year (it being
understood that any unused amounts for any fiscal year may be used in the next succeeding fiscal year): 
  

			
	Fiscal Year	  	     

Maximum Capital Expenditures

	2019	  	$15,000,000
	2020 and each fiscal year	  	$25,000,000
	 thereafter

    
	  	

  
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 SECTION 6.14     Use of Proceeds. The Borrower will not request
any Borrowing, and the Borrower shall not use, and shall procure that its Subsidiaries and its or their respective directors, officers, employees and agents shall not use, the proceeds of any Borrowing (A) in furtherance of an offer, payment,
promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (B) for the purpose of funding, financing or facilitating any activities, business or transaction
of or with any Sanctioned Person, or in any Sanctioned Country, to the extent such activities, businesses or transaction would be prohibited by Sanctions if conducted by a Person organized in the United States or in a European Union member state, or
(C) in any manner that would result in the violation of any Sanctions applicable to any party hereto. 
 ARTICLE VII 

Events of Default 
 If any
of the following events (“Events of Default”) shall occur: 
   (a)
        the Borrower shall fail to pay any principal of any Loan when and as the same shall become due and payable, whether at the due date thereof or at a date fixed for prepayment thereof or otherwise; 

  (b)         the Borrower shall fail to pay any interest on any Loan
or any fee or any other amount (other than an amount referred to in clause (a) of this Article) payable under this Agreement or any other Loan Document, when and as the same shall become due and payable, and such failure shall continue
unremedied for a period of five Business Days; 
   (c)         any
representation or warranty made or deemed made by or on behalf of the Borrower or any Subsidiary in or in connection with any Loan Document or any amendment or modification thereof or waiver thereunder, or in any report, certificate, financial
statement or 

  
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other document furnished pursuant to or in connection with any Loan Document or any amendment or modification thereof or waiver thereunder, shall prove to have been incorrect in any material
respect when made or deemed made; 
 (d)         the Borrower shall fail to
observe or perform any covenant, condition or agreement contained in Section 5.02, 5.04 or, 5.11 or 5.13(d) or in Article VI;

 (e)         any Loan Party shall fail to observe or perform any covenant,
condition or agreement contained in any Loan Document (other than those specified in clause (a), (b) or (d) of this Article), and such failure shall continue unremedied for a period of
3020 days after notice thereof from the Administrative Agent to the Borrower (which notice will be given at the request of any
Lender); 
 (f)
        the Borrower or any Subsidiary shall fail to make any payment (whether of principal, interest or other payment obligations) in respect of any Material Indebtedness, when and as the same shall become
due and payable after giving effect to any applicable grace period with respect thereto; 
 (g)
        any event or condition occurs (including a “Fundamental
Change” as
defined in the
Convertible Notes Indenture) that results in any Material Indebtedness becoming due
prior to its scheduled maturity or that enables or permits the holder or holders of any Material Indebtedness or any trustee or agent on its or their behalf to cause any Material Indebtedness to become due, or to require the prepayment, repurchase,
redemption or defeasance thereof, prior to its scheduled maturity; provided that this clause (g) shall not apply to secured Indebtedness that becomes due as a
result of the voluntary sale or transfer of the property or assets securing such Indebtedness; provided further
that, this clause (g) shall not apply to any Indebtedness
outstanding under the ABL Credit Agreement unless (i) such default shall continue unremedied for a period of 3015 days (during which period such default is not waived or cured), (ii) the ABL Agent or
the lenders under the ABL Credit Agreement cause the ABL Loans to become due prior to their stated maturity and/or the Commitments (as defined in the ABL Credit Agreement) to terminate prior to their stated termination date or (iii) the ABL
Agent and/or the lenders under the ABL Credit Agreement exercise secured creditor remedies as a result of such
default); provided further that this clause (g) shall not apply to (A) secured Indebtedness that becomes due as a result of the voluntary sale or transfer of the property or assets securing such
Indebtedness; and (B) any Permitted Convertible Indebtedness to the extent such event or condition occurs as a result of (x) the satisfaction of a conversion contingency, (y) the
exercise by a holder of Permitted Convertible Indebtedness of a conversion right resulting from the satisfaction of a conversion contingency or (z) a required repurchase under such Permitted Convertible Indebtedness; in each
case of this clause (B) solely to the extent that the obligation of the Borrower resulting from such event or condition is satisfied through the issuance of common Equity Interests of the Borrower other than the payment of cash in lieu of the
issuance of fractional Equity Interests of the Company; 
 (h)
        an involuntary proceeding shall be commenced or an involuntary petition shall be filed seeking (i) liquidation, reorganization or other relief in respect of the Borrower or any Subsidiary or its
debts, or of a substantial part of its assets, under any Federal, state or foreign bankruptcy, insolvency, receivership or similar law now or hereafter in effect or (ii) the appointment of a receiver, trustee, custodian, sequestrator,
conservator or similar official for the Borrower or any Subsidiary or for a substantial part of its assets, and, in any such case, such 

  
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proceeding or petition shall continue undismissed for 60 days or an order or decree approving or ordering any of the foregoing shall be entered; 

(i)        the Borrower or any Subsidiary shall (i) voluntarily commence any
proceeding or file any petition seeking liquidation, reorganization or other relief under any Federal, state or foreign bankruptcy, insolvency, receivership or similar law now or hereafter in effect, (ii) consent to the institution of, or fail
to contest in a timely and appropriate manner, any proceeding or petition described in clause (h) of this Article, (iii) apply for or consent to the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar
official for the Borrower or any Subsidiary or for a substantial part of its assets, (iv) file an answer admitting the material allegations of a petition filed against it in any such proceeding, (v) make a general assignment for the
benefit of creditors or (vi) take any action for the purpose of effecting any of the foregoing; 

(j)        the Borrower or any Subsidiary shall become unable, admit in writing in a
court proceeding its inability or fail generally to pay its debts as they become due; 

(k)        one or more judgments for the payment of money in an aggregate amount in
excess of $5,000,0001,000,000 shall be rendered against the Borrower, any Subsidiary or any combination thereof and the same shall remain undischarged for a period of 30 consecutive days during which execution shall not be effectively stayed,
or any action shall be legally taken by a judgment creditor to attach or levy upon any assets of the Borrower or any Subsidiary to enforce any such judgment; 

(l)        an ERISA Event shall have occurred that, in the opinion of the Required
Lenders, when taken together with all other ERISA Events that have occurred, could reasonably be expected to result in a Material Adverse Effect; 

(m)        any Lien covering property having a book value or fair market value of $5,000,0001,000,000 or more purported to be created under any Security Document shall cease to be, or shall be asserted in writing by any Loan Party not to be, a valid and perfected Lien on any Collateral, except (i) as a
result of the sale or other disposition of the applicable Collateral in a transaction permitted under the Loan Documents or (ii) as a result of the Administrative Agent’s failure to maintain possession of any stock certificates, promissory
notes or other instruments delivered to it under the Guarantee and Collateral Agreement; 

(n)        the Guarantee contained in Article II of the Guarantee and Collateral
Agreement shall cease to be, or shall have been asserted in writing by a Loan Party not to be, in full force and effect; 

(o)        the Borrower or any Subsidiary shall challenge the subordination provisions
of the Subordinated Debt or assert that such provisions are invalid or unenforceable or that the Obligations of the Borrower, or the Obligations of any Subsidiary under the Guarantee and Collateral Agreement, are not senior Indebtedness under the
subordination provisions of the Subordinated Debt, or any court, tribunal or government authority of competent jurisdiction shall judge the subordination provisions of the Subordinated Debt to be invalid or unenforceable or such Obligations to be
not senior Indebtedness under such subordination provisions or otherwise cease to be, or shall be asserted not to be, legal, valid and binding obligations of the parties thereto, enforceable in accordance with their terms; 

  
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 (p)        a Change in Control shall
occur; 
 (q)        a Loan Party denies or contests the validity or enforceability
of any Loan Documents (including any of the Intercreditor
AgreementAgreements) or Obligations, or any Loan Document (including any of the Intercreditor AgreementAgreements) ceases to be in full force or effect for any reason (other than a waiver or
release by the Administrative Agent and Lenders); 
 (r)        a loss,
theft, damage or destruction occurs with respect to any Collateral if the amount not covered by insurance exceeds $5,000,0001,000,000; or 

(s)        any event occurs or condition exists that has a Material Adverse Effect;

 then, and in every such event (other than an event with respect to the Borrower described in clause (h) or (i) of this Article), and at any time
thereafter during the continuance of such event, the Administrative Agent may, and at the request of the Required Lenders shall, by notice to the Borrower, take either or both of the following actions, at the same or different times:
(i) terminate the Commitments, and thereupon the Commitments shall terminate immediately, and (ii) declare the Loans then outstanding to be due and payable in whole (or in part, in which case any principal not so declared to be due and
payable may thereafter be declared to be due and payable), and thereupon the principal of the Loans so declared to be due and payable, together with accrued interest thereon and all
fees, and including any fee payable pursuant to Section 2.11(b) that would be payable if the Loans had been repaid in full at such
time, and other obligations of the Borrower, accrued hereunder, shall become due and payable immediately, without presentment, demand, protest or other notice of any kind, all of which are hereby
waived by the Borrower; and in case of any event with respect to the Borrower described in clause (h) or (i) of this Article, the Commitments shall automatically terminate and the principal of the Loans then outstanding, together with accrued
interest thereon and all fees and other obligations of the Borrower accrued hereunder, shall automatically become due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrower.

 Without limiting the generality
of the foregoing, in the event the Loans are accelerated or otherwise become due, in each case, in respect of any Event of Default (including, but not limited to, upon the occurrence of an any event with respect to the Borrower described in clause
(h) or (i) of this Article (including the acceleration of claims by operation of law)), the fee payable pursuant to Section 2.11(b) will also be due and payable as though the Loans were optionally prepaid at such time and shall constitute
part of the Obligations, in view of the impracticability and extreme difficulty of ascertaining actual damages and by mutual agreement of the parties as to a reasonable calculation of each Lender’s lost profits as a result thereof. Any premium
(including the fee payable pursuant to Section 2.11(b)) payable above shall be presumed to be the liquidated damages sustained by each Lender as the result of the prepayment and the Borrower agrees that it is reasonable under the circumstances
currently existing. The premium (including the fee payable pursuant to Section 2.11(b)) shall also be payable in the event the Loans (and/or this Credit Agreement) are satisfied or released by foreclosure (whether by power of judicial
proceeding), deed in lieu of foreclosure or by any other means. THE BORROWER EXPRESSLY WAIVES (TO THE FULLEST EXTENT IT MAY LAWFULLY DO SO) THE PROVISIONS OF ANY PRESENT OR FUTURE STATUTE OR LAW THAT PROHIBITS OR MAY PROHIBIT THE COLLECTION OF THE
FOREGOING PREMIUM (INCLUDING THE FEE PAYABLE PURSUANT TO SECTION 2.11(b)) IN CONNECTION WITH ANY SUCH ACCELERATION. The Borrower expressly agrees (to the fullest extent it may lawfully do so) that: (A) the premium (including the fee payable
pursuant to Section 2.11(b)) is reasonable and is the product of an arm’s length transaction between sophisticated business people, ably represented by counsel; (B) the premium (including the fee 

  
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payable pursuant to Section 2.11(b)) shall be payable notwithstanding the
then prevailing market rates at the time payment is made; (C) there has been a course of conduct between Lenders and the Borrower giving specific consideration in this transaction for such agreement to pay the premium (including the fee payable
pursuant to Section 2.11(b)); and (D) the Borrower shall be estopped hereafter from claiming differently than as agreed to in this paragraph. The Borrower expressly acknowledges that its agreement to pay the premium (including the fee
payable pursuant to Section 2.11(b)) to Lenders as herein described is a material inducement to Lenders to consent to the Sixth Amendment. 

ARTICLE VIII 
 The Agents

 Each of the Lenders hereby irrevocably appoints the Administrative Agent (it being understood that references in this Article VIII
to the Administrative Agent shall be deemed to include the Collateral Agent) as its agent and authorizes the Administrative Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent by the
terms of the Loan Documents, together with such actions and powers as are reasonably incidental thereto. 
 The bank serving as the
Administrative Agent hereunder shall have the same rights and powers in its capacity as a Lender as any other Lender and may exercise the same as though it were not the Administrative Agent, and such bank and its Affiliates may accept deposits from,
lend money to and generally engage in any kind of business with the Borrower or any Subsidiary or other Affiliate thereof as if it were not the Administrative Agent hereunder. 

The Administrative Agent shall not have any duties or obligations except those expressly set forth in the Loan Documents. Without limiting the
generality of the foregoing, (a) the Administrative Agent shall not be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is continuing, (b) the Administrative Agent shall not have any duty
to take any discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly contemplated by the Loan Documents that the Administrative Agent is required to exercise in writing by the Required Lenders (or
such other number or percentage of the Lenders as shall be necessary under the circumstances as provided in Section 10.02), and (c) except as expressly set forth in the Loan Documents, the Administrative Agent shall not have any duty to
disclose, and shall not be liable for the failure to disclose, any information relating to the Borrower or any of its Subsidiaries that is communicated to or obtained by the bank serving as Administrative Agent or any of its Affiliates in any
capacity. The Administrative Agent shall not be liable for any action taken or not taken by it with the consent or at the request of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary under the
circumstances as provided in Section 10.02) and the Administrative Agent shall not be liable for any action taken or not taken by it in the absence of its own gross negligence or willful misconduct. The Administrative Agent shall be deemed not
to have knowledge of any Default unless and until written notice thereof is given to the Administrative Agent by the Borrower or a Lender, and the Administrative Agent shall not be responsible for or have any duty to ascertain or inquire into
(i) any statement, warranty or representation made in or in connection with any Loan Document, (ii) the contents of any certificate, report or other document delivered thereunder or in connection therewith, (iii) the performance or
observance of any of the covenants, agreements or other terms or conditions set forth in any Loan Document or the occurrence of any Event of Default, (iv) the validity, enforceability, effectiveness or genuineness of any Loan Document or any
other agreement, instrument or document, or (v) the satisfaction of any condition set forth in Article IV or elsewhere in any Loan Document, other than to confirm receipt of items expressly required to be delivered to the Administrative Agent.

  
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 The Administrative Agent shall be entitled to rely upon, and shall not incur any liability
for relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing believed by it to be genuine and to have been signed or sent by the proper Person. The Administrative Agent also may rely upon any
statement made to it orally or by telephone and believed by it to be made by the proper Person, and shall not incur any liability for relying thereon. The Administrative Agent may consult with legal counsel, independent accountants and other experts
selected by it, and shall not be liable for any action taken or not taken by it in accordance with the advice of any such counsel, accountants or experts. 

The Administrative Agent may perform any and all its duties and exercise its rights and powers by or through any one or more sub-agents appointed by the Administrative Agent. The Administrative Agent and any such sub-agent may perform any and all its duties and exercise its rights and powers through
their respective Related Parties. The exculpatory provisions of the preceding paragraphs shall apply to any such sub-agent and to the Related Parties of the Administrative Agent and any such sub-agent, and shall apply to their respective activities in connection with the syndication of the credit facilities provided for herein as well as activities as Administrative Agent. 

Subject to the appointment and acceptance of a successor Administrative Agent as provided in this paragraph, the Administrative Agent may
resign at any time by notifying the Lenders and the Borrower. Upon any such resignation, the Required Lenders shall have the right, in consultation with the Borrower, to appoint a successor from among the Lenders. If no successor shall have been so
appointed by the Required Lenders and shall have accepted such appointment within 30 days after the retiring Administrative Agent gives notice of its resignation, then the retiring Administrative Agent may, on behalf of the Lenders, appoint a
successor Administrative Agent. Upon the acceptance of its appointment as Administrative Agent hereunder by a successor, such successor shall succeed to and become vested with all the rights, powers, privileges and duties of the retiring
Administrative Agent, and the retiring Administrative Agent shall be discharged from its duties and obligations hereunder. The fees payable by the Borrower to a successor Administrative Agent shall be the same as those payable to its predecessor
unless otherwise agreed between the Borrower and such successor. After the Administrative Agent’s resignation hereunder, the provisions of this Article and Section 10.03 shall continue in effect for the benefit of such retiring
Administrative Agent, its sub-agents and their respective Related Parties in respect of any actions taken or omitted to be taken by any of them while it was acting as Administrative Agent. 

Each Lender acknowledges that it has, independently and without reliance upon the Administrative Agent, or any other Lender and based on such
documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Lender also acknowledges that it will, independently and without reliance upon the Administrative Agent or any other
Lender and based on such documents and information as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement, any other Loan Document or related agreement or
any document furnished hereunder or thereunder. 

  
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 ARTICLE IX 

[Reserved] 
 ARTICLE X 

Miscellaneous 
 SECTION
10.01    Notices. Except in the case of notices and other communications expressly permitted to be given by telephone, all notices and other communications provided for herein shall be in writing and shall be delivered by
hand or overnight courier service, mailed by certified or registered mail or sent by telecopy, as follows: 

(a)        if to the Borrower, to Horizon Global Corporation at 39400 Woodward Avenue, Suite 100, Bloomfield Hills2600 West
Big Beaver Rd., Suite 555, Troy, MI
4830448084, Attention of Jay Goldbaum, Legal Director (Telephone No. (248) 593-8838, Telecopy No. (248) 203-6434); 

(b)        if to the Administrative Agent, to JPMorgan Chase Bank, N.A., 10 South
Dearborn, Floor 7, Chicago, Illinois 60603 Attention of Joyce King (Telecopy: 888-292-9533, Telephone:
312-385-7025); and 

(c)        if to any other Lender, to it at its address (or telecopy number) set forth
in its Administrative Questionnaire. 
 Any party hereto may change its address or telecopy number for notices and other communications
hereunder by notice to the other parties hereto. All notices and other communications given to any party hereto in accordance with the provisions of this Agreement shall be deemed to have been given on the date of receipt. 

SECTION 10.02    Waivers; Amendments. 

(a)        No failure or delay by the Administrative Agent or any Lender in exercising any right or
power hereunder or under any other Loan Document shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any
other or further exercise thereof or the exercise of any other right or power. The rights and remedies of the Administrative Agent and the Lenders hereunder and under the other Loan Documents are cumulative and are not exclusive of any rights or
remedies that they would otherwise have. No waiver of any provision of any Loan Document or consent to any departure by any Loan Party therefrom shall in any event be effective unless the same shall be permitted by paragraph (b) of this
Section, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given. Without limiting the generality of the foregoing, the making of a Loan shall not be construed as a waiver of any Default,
regardless of whether the Administrative Agent or any Lender may have had notice or knowledge of such Default at the time. 

(b)        Except as provided in
Section 2.21 and Section 2.23, neither this Agreement nor any other Loan Document nor any provision hereof or
thereof may be waived, amended or modified except, in the case of this Agreement, pursuant to an agreement or agreements in writing entered into by the Borrower and the Required Lenders or, in the case of any other Loan Document, pursuant to an
agreement or agreements in writing entered into by the Administrative Agent and the Loan Party or Loan 

  
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 Parties that are parties thereto, in each case with the written consent of the Required Lenders;
provided that no such agreement shall (i) increase the Commitment of any Lender without the written consent of such Lender, (ii) reduce the principal amount of any Loan or reduce the rate of interest thereon, or reduce any fees
payable hereunder, without the written consent of each Lender affected thereby, (iii) postpone the maturity of any Loan, or any scheduled date of payment of the principal amount of any Term Loan under Section 2.10, or any date for the
payment of any interest or fees payable hereunder, or reduce or forgive the amount of, waive or excuse any such payment, or postpone the scheduled date of expiration of any Commitment, without the written consent of each Lender affected thereby,
(iv) change Section 2.18(a), (b) or (c) in a manner that would alter the pro rata sharing of payments required thereby, without the written consent of each Lender, (v) change the percentage set forth in the definition of
“Required Lenders” or any other provision of any Loan Document (including this Section) specifying the number or percentage of Lenders (or Lenders of any Class) required to waive, amend or modify any rights thereunder or make any
determination or grant any consent thereunder, without the written consent of each Lender (or each Lender of such Class, as the case may be), (vi) release all or substantially all of the Subsidiary Loan Parties from their Guarantees under the
Guarantee and Collateral Agreement (except as expressly provided in the Guarantee and Collateral Agreement), without the written consent of each Lender, (vii) release all or substantially all of the Collateral from the Liens of the Security
Documents, without the written consent of each Lender (except as expressly provided in the Security Documents) or (viii) change the order of priority of payments set forth in Section 2.4 of the Guarantee and Collateral Agreement without
the written consent of each Lender; provided, further, that (A) no such agreement shall amend, modify or otherwise affect the rights or duties of the Administrative Agent or the Collateral Agent, without the prior written consent
of the Administrative Agent or the Collateral Agent, as applicable, and (B) any waiver, amendment or modification of this Agreement that by its terms affects the rights or duties under this Agreement of the Lenders of a particular Class (but
not the Lenders of any other Class) may be effected by an agreement or agreements in writing entered into by the Borrower and requisite percentage in interest of the affected Class of Lenders that would be required to consent thereto under this
Section if such Class of Lenders were the only Class of Lenders hereunder at the time. Notwithstanding the foregoing, any provision of this Agreement may be amended by an agreement in writing entered into by the Borrower, the Required
Lenders and the Administrative Agent if (i) by the terms of such agreement the Commitment of each Lender not consenting to the amendment provided for therein shall terminate upon the effectiveness of such amendment and (ii) at the time
such amendment becomes effective, each Lender not consenting thereto receives payment in full of the principal of and interest accrued on each Loan made by it and all other amounts owing to it or accrued for its account under this Agreement. 

(c)        In connection with any proposed amendment, modification, waiver or termination (a
“Proposed Change”) requiring the consent of all Lenders or all affected Lenders, if the consent of the Required Lenders (and, to the extent any Proposed Change requires the consent of Lenders holding Loans of any Class pursuant
to clause (v) or (viii) of paragraph (b) of this Section, the consent of at least 50% in interest of the outstanding Loans and unused Commitments of such Class) to such Proposed Change is obtained, but the consent to such Proposed Change
of other Lenders whose consent is required is not obtained (any such Lender whose consent is not obtained as described in paragraph (b) of this Section being referred to as a “Non-Consenting
Lender”), then, so long as the Lender that is acting as Administrative Agent is not a Non-Consenting Lender, the Borrower may, at its sole expense and effort, upon notice to such Non-Consenting Lender and the Administrative Agent, require such Non-Consenting Lender to assign and delegate, without recourse (in accordance with and subject to the
restrictions contained in Section 10.04), all its interests, rights and obligations under this Agreement to an assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment), provided
that (a) the Borrower shall have received the prior written consent of the Administrative Agent, which consent shall not be unreasonably withheld, (b) such Non-Consenting 

  
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 Lender shall have received payment of an amount equal to the outstanding principal of its Loans, accrued
interest thereon, accrued fees and all other amounts payable to it hereunder from the assignee (to the extent of such outstanding principal and accrued interest and fees) or the Borrower (in the case of all other amounts), (c) the Borrower or such
assignee shall have paid to the Administrative Agent the processing and recordation fee specified in Section 10.04(b), (d) such assignee shall consent to such Proposed Change and (e) if such
Non-Consenting Lender is acting as the Administrative Agent, it will not be required to assign and delegate its interests, rights and obligations as Administrative Agent under this Agreement. Each party hereto
agrees that an assignment required pursuant to this paragraph may be effected pursuant to an Assignment and Assumption executed by the Borrower, the Administrative Agent and the assignee, and that the Lender required to make such assignment need not
be a party thereto in order for such assignment to be effective. 
 (d)        Notwithstanding the
foregoing, (i) the Administrative Agent and the Borrower may amend, modify or supplement any Loan Document without the consent of any Lender or the Required Lenders in order to correct, amend or cure any ambiguity, inconsistency or defect or
correct any typographical error or other manifest error in any Loan Document, and (ii) the Administrative Agent and the Borrower may amend this Agreement without
the consent of any Lender or Required Lenders in order to provide the Lenders with the benefits of any additional covenants, more restrictive covenants or events of default that are
included in any Alternative Incremental Debt or Permitted Term Loan Refinancing Indebtedness or that are added to the
ABL Loan Documents and (iii) except during the Senior Period, this Agreement may be amended with the written consent of the Administrative Agent, the Borrower and the
Lenders providing the relevant Replacement Term Loans (as defined below) to permit the refinancing, replacement or modification of all or any portion of the outstanding Term Loans or Incremental Term Loans (such Loans, the “Replaced
Term Loans”) with a replacement term loan hereunder (“Replacement Term Loans”); provided, that (a) the aggregate principal amount of such Replacement Term Loans shall
not exceed the aggregate principal amount of such Replaced Term Loans (plus unpaid accrued interest and premium thereon at such time plus reasonable fees and expenses incurred in connection with such replacement), (b) the
terms of the Replacement Term Loans (1) (excluding pricing, fees and rate floors and optional prepayment or redemption terms and subject to clause (2) below) reflect, in the Borrower’s reasonable judgment, then-existing market terms and
conditions and (2) (excluding pricing, fees and rate floors) are no more favorable to the lenders providing such Replacement Term Loans than those applicable to the Replaced Term Loans (in each case, including with respect to mandatory and optional
prepayments); provided that the foregoing shall not apply to covenants or other provisions applicable only to periods after the Latest Maturity Date in effect immediately prior to the establishment of such Replacement Term
Loans; provided further that any Replacement Term Loans may add additional covenants or events of default not otherwise applicable to the Replaced Term Loans or covenants more restrictive than the covenants applicable to the
Replaced Term Loans, in each case prior to the Latest Maturity Date in effect immediately prior to the establishment of such Replacement Term Loans so long as all Lenders receive the benefits of such additional covenants, events of default or more
restrictive covenants, (c) the weighted average life to maturity of any Replacement Term Loans shall be no shorter than the remaining weighted average life to maturity of the Replaced Terms Loans, (d) the maturity date with respect to any
Replacement Term Loans shall be no earlier than the maturity date with respect to the Replaced Term Loans, (e) no Subsidiary that is not originally obligated with respect to repayment of the Replaced Term Loans is obligated with respect to the
Replacement Term Loans and (f) any Person that the Borrower proposes to become a lender in respect of the Replacement Term Loans, if such Person is not then a Lender, must be reasonably acceptable to the Administrative Agent. Notwithstanding
the foregoing, in no event shall there be more than six maturity dates in respect of the Credit Facilities (including any Extended Term Loans or Replacement Term Loans).. 

  
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 SECTION 10.03    Expenses; Indemnity; Damage Waiver. 

(a)        The Borrower shall pay (i) all reasonable out-of-pocket expenses incurred by the Agents and their Affiliates, including the reasonable fees, charges and disbursements of one counsel in
each applicable jurisdiction for each of the Agents, in
connection with the syndicationprovision,
negotiation and documentation of the credit
facilitiesfacility provided for herein, due diligence investigation, the preparation and administration of the Loan Documents
(including the Sixth Amendment), the monitoring of the performance of the Borrower and its Affiliates, or any amendments, modifications or waivers of the provisions thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) and,
(ii) from and after the Sixth Amendment Effective Date, reasonable and documented fees, charges and disbursements of one
counsel acting for all the Lenders and one financial advisor acting on behalf of all Lenders, provided that, unless an Event of Default has occurred and is continuing, the costs and expenses of the financial advisor for the Lenders in connection
with the regular monitoring of the performance of the Borrower and its Affiliates with the Loan Documents reimbursable pursuant to this Section 10.03(a) shall not exceed $50,000 per month, and (iii) all out-of-pocket expenses incurred by the Agents or
any Lenderthe Lenders, including the fees,
charges and disbursements of anyone counsel for the Agents or any Lenderand one counsel for all of the Lenders (but not for any financial advisor if there is a
financial advisor already retained by the Lenders for which the Borrower is providing reimbursement pursuant to clause (ii)), in connection with the enforcement or protection of its rights in
connection with the Loan Documents, including its rights under this Section, or in connection with the Loans made hereunder, including
(subject to the limitations provided above) all such out-of pocketout-of-pocket expenses incurred during any workout, restructuring or negotiations in respect of such Loans;.

 (b)        The Borrower hereby indemnifies the Agents, the Arrangers and each
Lender, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses,
including the fees, charges and disbursements of any counsel for any Indemnitee, incurred by or asserted against any Indemnitee arising out of, in connection with, or as a result of (i) the execution or delivery of any Loan Document or any
other agreement or instrument contemplated hereby, the performance by the parties to the Loan Documents of their respective obligations thereunder or the consummation of the Transactions or any other transactions contemplated hereby, (ii) any
Loan or the use of the proceeds therefrom, (iii) any actual or alleged presence or Release of Hazardous Materials on or from any Mortgaged Property or any other property currently or formerly owned or operated by the Borrower or any Subsidiary,
or any Environmental Liability related in any way to the Borrower or any Subsidiary, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other
theory, and whether or not the same are brought by the Borrower, its equity holders, affiliates or creditors or any other Person and regardless of whether any Indemnitee is a party thereto; provided that such indemnity shall not, as to any
Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses (A) are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the gross negligence,
bad faith or willful misconduct of such Indemnitee or (B) are determined by a court of competent jurisdiction by final and non-appealable judgment to have arisen out of a material breach in bad faith by
such Indemnitee of its obligations under the Loan Documents or (C) result from a dispute solely among Indemnitees, other than any claims against an Indemnitee in its capacity or in fulfilling its role as an agent or arranger under the Loan
Documents and other than any claims arising out of any act or omission of the Borrower or any of its Affiliates. This Section 10.03(b) shall not apply with respect to Taxes other than any Taxes that represent losses or damages arising from any non-Tax claim. 

  
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 (c)        To the extent that any of the Borrower
fails to pay any amount required to be paid by it to the Administrative Agent under paragraph (a) or (b) of this Section 10.03 (and without limiting such party’s obligation to do so), each Lender severally agrees to pay to the
Administrative Agent such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss,
claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent in its capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its
share of the outstanding Term Loans and unused Commitments at the time. 
 (d)        To the extent
permitted by Applicable Law, the Borrower shall not assert, and hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising
out of, in connection with, or as a result of, this Agreement or any agreement or instrument contemplated hereby, the Transactions, any Loan or the use of the proceeds thereof. 

(e)        All amounts due under this Section 10.03 shall be payable promptly after written
demand therefor. 
 (f)        No director, officer, employee, stockholder or member, as such, of
any Loan Party shall have any liability for the Obligations or for any claim based on, in respect of or by reason of the Obligations or their creation; provided that the foregoing shall not be construed to relieve any Loan Party of its
Obligations under any Loan Document. 
 (g)        For the avoidance of doubt, this
Section 10.03 shall not apply to any Taxes, except to the extent any Taxes that represent losses, claims, damages or liabilities arising from any non-Tax claim. 

SECTION 10.04    Successors and Assigns. 

(a)        The provisions of this Agreement shall be binding upon and inure to the benefit of the
parties hereto and their respective successors and assigns permitted hereby, except that the Borrower may not assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of each Lender (and any attempted
assignment or transfer by the Borrower without such consent shall be null and void). Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and
assigns permitted hereby and, to the extent expressly contemplated hereby, the Related Parties of each of the Administrative Agent and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement. 

(b)        Any Lender may assign to one or more assignees (other than a natural person) all or a
portion of its rights and obligations under this Agreement (including all or a portion of its Commitments and the Loans at the time owing to it); provided that (i) except in the case of an assignment to a Lender, a Lender Affiliate or an
Approved Fund, each of the Borrower and the Administrative Agent must give their prior written consent to such assignment (which consent shall not be unreasonably withheld or delayed) (provided that the Borrower shall be deemed to have
consented to any assignment of Loans or Commitments unless it shall object thereto by written notice to the Administrative Agent within 10 Business Days after having received notice thereof), (ii) except in the case of an assignment to a Lender, a
Lender Affiliate or an Approved Fund or an assignment of the entire remaining amount of the assigning Lender’s Commitment or Loans, the amount of the Commitment or Loans of the assigning 

  
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 Lender subject to each such assignment (determined as of the date the Assignment and Assumption with respect
to such assignment is delivered to the Administrative Agent) shall not be less than $1,000,000 unless each of the Borrower and the Administrative Agent otherwise consent, (iii) each partial assignment shall be made as an assignment of a
proportionate part of all the assigning Lender’s rights and obligations under this Agreement, except that this clause (iii) shall not be construed to prohibit the assignment of a proportionate part of all the assigning Lender’s rights
and obligations in respect of one Class of Commitments or Loans, (iv) the parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption, together with a processing and recordation fee of
$3,500 and (v) the assignee, if it shall not be a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire; and provided, further, that any consent of the Borrower otherwise required under this paragraph
shall not be required if an Event of Default under clauses (a), (h) or (i) of Article VII has occurred and is continuing. Subject to acceptance and recording thereof pursuant to paragraph (d) of this Section, from and after the effective
date specified in each Assignment and Assumption the assignee thereunder shall be a party hereto and, to the extent of the interest assigned by such Assignment and Assumption, have the rights and obligations of a Lender under this Agreement, and the
assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment and Assumption covering all of the assigning
Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of Sections 2.15, 2.16, 2.17 and 10.03). Any assignment or transfer by a Lender of rights or
obligations under this Agreement that does not comply with this paragraph shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with paragraph (e) of this
Section. 
 (c)        The Administrative Agent, acting for this purpose as ana
non-fiduciary agent of the Borrower, shall maintain at one of its offices in The City of New York a copy of each Assignment and Assumption delivered to it
and a register for the recordation of the names and addresses of the Lenders, and the Commitment of, and principal amount of the Loans owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). The
entries in the Register shall be conclusive (absent manifest error), and the Borrower, the Administrative Agent and the Lenders shall treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all
purposes of this Agreement, notwithstanding notice to the contrary. The Register shall be available for inspection by the Borrower and any Lender, at any reasonable time and from time to time upon reasonable prior notice. 

(d)        Upon its receipt of a duly completed Assignment and Assumption executed by an assigning
Lender and an assignee, the assignee’s completed Administrative Questionnaire (unless the assignee shall already be a Lender hereunder), the processing and recordation fee referred to in paragraph (b) of this Section and any written
consent to such assignment required by paragraph (b) of this Section, the Administrative Agent shall accept such Assignment and Assumption and record the information contained therein in the Register. No assignment shall be effective for
purposes of this Agreement unless it has been recorded in the Register as provided in this paragraph. 

(e)        Any Lender may, without the consent of the Borrower or the Administrative Agent, sell
participations to one or more banks or other entities (a “Participant”) in all or a portion of such Lender’s rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans); provided
that (i) such Lender’s obligations under this Agreement shall remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations and (iii) the Borrower, the
Administrative Agent and the other Lenders shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement. Any agreement or instrument pursuant to which a Lender sells
such a participation shall provide that such Lender shall retain the sole right to enforce the Loan Documents and to approve any 

  
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 amendment, modification or waiver of any provision of the Loan Documents; provided that such
agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any amendment, modification or waiver described in the first proviso to Section 10.02(b) that affects such Participant. Subject to
paragraph (f) of this Section, the Borrower agrees that each Participant shall be entitled to the benefits of Sections 2.15, 2.16 and 2.17 (subject to the limitations and requirements therein, including the requirements under
Section 2.17(f) (it being understood that the documentation required under Section 2.17(f) shall be delivered to the participating Lender)) to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to
paragraph (b) of this Section, provided that such Participant agrees to be subject to the provisions of Section 2.19 as if it were an assignee under paragraph (b) of this Section. To the extent permitted by law, each Participant also
shall be entitled to the benefits of Section 10.08 as though it were a Lender, provided such Participant agrees to be subject to Section 2.18(c) as though it were a Lender. With respect to any Loan made to the Borrower, each Lender that
sells a participation shall, acting solely for this purpose as an agent of the Borrower, maintain a register on which it enters the name and address of each Participant and the principal amounts (and stated interest) of each Participant’s
interest in the Loans or other obligations under this Agreement (the “Participant Register”); provided that no Lender shall have any obligation to disclose all or any portion of the Participant Register to any Person
(including the identity of any Participant or any information relating to a Participant’s interest in any Commitments, Loans or its other obligations under any Loan Document) except to the extent that such disclosure is necessary to establish
that such Commitment, Loan or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations or in connection with any income tax audit or other income tax
proceeding of the Borrower. The entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each person whose name is recorded in the Participant Register as the owner of such participation for all
purposes of this Agreement notwithstanding any notice to the contrary. 
 (f)        A Participant
shall not be entitled to receive any greater payment under Section 2.15 or 2.17 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant unless the sale of the participation to
such Participant is made with the prior written consent of the Borrower. A Participant that would be a Non-U.S. Lender if it were a Lender shall not be entitled to the benefits of Section 2.17 unless the
Borrower is notified of the participation sold to such Participant and such Participant agrees, for the benefit of the Borrower to comply with Section 2.17(f) as though it were a Lender. 

(g)        Any Lender may, without the consent of the Borrower or the Administrative Agent, at any
time pledge or assign a security interest in all or any portion of its rights under this Agreement to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank, and this Section shall not
apply to any such pledge or assignment of a security interest; provided that no such pledge or assignment of a security interest shall release a Lender from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender
as a party hereto. 
 (h)        Notwithstanding anything to the contrary set forth in this
Agreement or any other Loan Document, except during the Senior Period, any Lender may assign all or a portion of its Term
Loans (or Incremental Term Loans) to the Borrower or any of its Subsidiaries at a price below the par value thereof;
provided that any such assignment shall be subject to the following additional conditions: (1) no Default or Event of Default shall have occurred and be continuing immediately before and after giving effect to such assignment,
(2) any such offer to purchase shall be offered to all Term Lenders of a particular Class on a pro rata basis, with mechanics to be agreed by the Administrative Agent and the Borrower, (3) any Loans so purchased shall be immediately
cancelled and retired (provided that any non- cash gain in respect of “cancellation of indebtedness” resulting from the cancellation of any Loans so purchased shall not increase Consolidated
EBITDA), (4) the Borrower shall provide, as of the date of its 

  
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 offer to purchase and as of the date of the effectiveness of such purchase and assignment, a customary
representation and warranty that neither it nor any of its affiliates is in possession of any material non-public information with respect to the Borrower, its Subsidiaries or their respective securities and
(5) the Borrower and the applicable purchaser shall waive any right to bring any action against the Administrative Agent in connection with such purchase or the Term Loans so purchased. For the avoidance of doubt, in no event shall the Borrower
or any of its Subsidiaries be deemed to be a Lender under this Agreement or any of the other Loan Documents as a result of an assignment made under this clause (h). 

SECTION 10.05    Survival. All covenants, agreements, representations and warranties made by the Loan Parties in
the Loan Documents and in the certificates or other instruments delivered in connection with or pursuant to this Agreement or any other Loan Document shall be considered to have been relied upon by the other parties hereto and shall survive the
execution and delivery of the Loan Documents and the making of any Loans, regardless of any investigation made by any such other party or on its behalf and notwithstanding that the Administrative Agent or any Lender may have had notice or knowledge
of any Default or incorrect representation or warranty at the time any credit is extended hereunder, and shall continue in full force and effect as long as the principal of or any accrued interest on any Loan or any fee or any other amount payable
under this Agreement is outstanding and unpaid and so long as the Commitments have not expired or terminated. The provisions of Sections 2.15, 2.16, 2.17 and 10.03 and Article VIII shall survive and remain in full force and effect regardless of the
consummation of the transactions contemplated hereby, the repayment of the Loans, the expiration or termination of the Commitments or the termination of this Agreement or any provision hereof. 

SECTION 10.06    Counterparts; Integration; Effectiveness. This Agreement may be executed in counterparts (and by
different parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Agreement, the other Loan Documents and any separate letter agreements
with respect to fees payable to the Administrative Agent constitute the entire contract among the parties relating to the subject matter hereof and supersede any and all previous agreements and understandings, oral or written, relating to the
subject matter hereof. Except as provided in Section 4.01, this Agreement shall become effective when it shall have been executed by the Administrative Agent and when the Administrative Agent shall have received counterparts hereof that, when
taken together, bear the signatures of each of the other parties hereto, and thereafter shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns. Delivery of an executed counterpart of a
signature page of this Agreement by facsimile or other electronic transmission shall be effective as delivery of a manually executed counterpart of this Agreement. 

SECTION 10.07    Severability. Any provision of this Agreement held to be invalid, illegal or unenforceable in any
jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions hereof; and the invalidity of a
particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction. 
 SECTION
10.08    Right of Setoff. If an Event of Default shall have occurred and be continuing, each Lender and each of its Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by law,
to set off and apply any and all deposits (general or special, time or demand, provisional or final) at any time held and other obligations at any time owing by such Lender or Affiliate to or for the credit or the account of the Borrower against any
of and all the obligations of the Borrower now or hereafter existing under this Agreement held by such Lender, irrespective of whether or not such Lender shall have made any demand under this Agreement and although such obligations may 

  
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 be unmatured. The rights of each Lender under this Section are in addition to other rights and remedies
(including other rights of setoff) which such Lender may have. 
 SECTION 10.09    Governing Law; Jurisdiction;
Consent to Service of Process. 
 (a)        This Agreement shall be construed in accordance
with and governed by the law of the State of New York. 
 (b)        The Borrower hereby
irrevocably and unconditionally submits, for itself and its property, to the exclusive jurisdiction of the Supreme Court of the State of New York sitting in New York County and of the United States District Court of the Southern District of New
York, and any appellate court from any thereof, in any action or proceeding arising out of or relating to any Loan Document, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally
agrees that all claims in respect of any such action or proceeding may be heard and determined in such New York State or, to the extent permitted by law, in such Federal court. Each of the parties hereto agrees that a final judgment in any such
action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Agreement or any other Loan Document shall affect any right that the Administrative
Agent or any Lender may otherwise have to bring any action or proceeding relating to this Agreement or any other Loan Document against the Borrower or its properties in the courts of any jurisdiction. 

(c)        The Borrower hereby irrevocably and unconditionally waives, to the fullest extent it may
legally and effectively do so, any objection which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement or any other Loan Document in any court referred to in paragraph
(b) of this Section. Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court. 

(d)        Each party to this Agreement irrevocably consents to service of process in the manner
provided for notices in Section 10.01. Nothing in this Agreement or any other Loan Document will affect the right of any party to this Agreement to serve process in any other manner permitted by law. 

SECTION 10.10    WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY
APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT, ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, TORT OR
ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING
WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 

SECTION 10.11    Headings. Article and Section headings and the Table of Contents used herein are for convenience
of reference only, are not part of this Agreement and shall not affect the construction of, or be taken into consideration in interpreting, this Agreement. 

  
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 SECTION 10.12    Confidentiality. Each of the Administrative
Agent and the Lenders agrees to maintain the confidentiality of the Information (as defined below), except that Information may be disclosed (a) to its Lender Affiliates and to its and its Lender Affiliates’ directors, officers, employees
and agents, including accountants, legal counsel and other advisors (it being understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information
confidential pursuant to the terms hereof), (b) to the extent requested by any regulatory or quasi-regulatory authority, (c) to the extent required by Applicable Laws or by any subpoena or similar legal process, (d) to any other party to
this Agreement, (e) in connection with the exercise of any remedies hereunder or any suit, action or proceeding relating to this Agreement or any other Loan Document or the enforcement of rights hereunder or thereunder, (f) subject to an
agreement containing provisions substantially the same as those of this Section, to (i) any assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights or obligations under this Agreement or (ii) any
actual or prospective counterparty (or its advisors) to any swap or derivative transaction relating to the Borrower and its obligations, (g) with the consent of the Borrower, (h) to the extent such Information (i) is publicly
available at the time of disclosure or becomes publicly available other than as a result of a breach of this Section or (ii) becomes available to the Administrative Agent or any Lender on a nonconfidential basis from a source other than the
Borrower or any Subsidiary or (i) to data service providers, including league table providers, that serve the lending industry, so long as such information consists of information customarily provided to such data service providers. For the
purposes of this Section, “Information” means all information received from the Borrower or any Subsidiary relating to the Borrower or any Subsidiary or its business, other than any such information that is available to the Administrative
Agent or any Lender on a nonconfidential basis prior to disclosure by the Borrower or any Subsidiary; provided that, in the case of information received from the Borrower or any Subsidiary after the Closing Date, such information is clearly
identified at the time of delivery as confidential. Any Person required to maintain the confidentiality of Information as provided in this Section shall be considered to have complied with its obligation to do so if such Person has exercised the
same degree of care to maintain the confidentiality of such Information as such Person would accord to its own confidential information. 

SECTION 10.13    Interest Rate Limitation. Notwithstanding anything herein to the contrary, if at any time the
interest rate applicable to any Loan, together with all fees, charges and other amounts which are treated as interest on such Loan under Applicable Law (collectively the “Charges”), shall exceed the maximum lawful rate (the
“Maximum Rate”) which may be contracted for, charged, taken, received or reserved by the Lender holding such Loan in accordance with Applicable Law, the rate of interest payable in respect of such Loan hereunder, together with all
Charges payable in respect thereof, shall be limited to the Maximum Rate and, to the extent lawful, the interest and Charges that would have been payable in respect of such Loan but were not payable as a result of the operation of this Section shall
be cumulated and the interest and Charges payable to such Lender in respect of other Loans or periods shall be increased (but not above the Maximum Rate therefor) until such cumulated amount, together with interest thereon at the Federal Funds
Effective Rate to the date of repayment, shall have been received by such Lender. 

  
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 SECTION 10.14    Intercreditor Agreements. Each Lender hereby
authorizes and directs the Administrative Agent and/or the Collateral Agent (a) to enter into the Intercreditor Agreements on its behalf, perform the Intercreditor Agreements on its behalf and take any actions thereunder as determined by the
Administrative Agent or the Collateral Agent to be necessary or advisable to protect the interest of the Lenders, and each Lender agrees to be bound by the terms of the Intercreditor Agreements and (b) to enter into any other intercreditor
agreement reasonably satisfactory to the Administrative Agent on its behalf, perform such intercreditor agreement on its behalf and take any actions thereunder as determined by the Administrative Agent or the Collateral Agent to be necessary or
advisable to protect the interests of the Lenders, and each Lender agrees to be bound by the terms of such intercreditor agreement. Each Lender acknowledges that (i) the ABL/Term Loan Intercreditor Agreement governs, among other things, Lien
priorities and rights of the Lenders and the ABL Secured Parties (as defined in the ABL/Term Loan Intercreditor Agreement) with respect to the Collateral, including the ABL Priority Collateral and (ii) the Term Intercreditor Agreement governs,
among other things, Lien priorities and rights of the Lenders and the
SeniorJunior Secured Parties (as defined in the Term Intercreditor Agreement) with respect to the Collateral, including the Term Priority Collateral. In the event of any inconsistencya conflict between any Loan Document and any Intercreditor Agreement and any other Loan Document, the provisionprovisions of the applicable Intercreditor Agreement shall prevail. 
 SECTION
10.15    Release of Liens and Guarantees. (a) Notwithstanding anything to the contrary contained herein or in any other Loan Document, the Collateral Agent is hereby irrevocably authorized by each Lender (without
requirement of notice to or consent of any Lender except as expressly required by Section 10.02) to take any action requested by the Borrower having the effect of releasing any Collateral or guarantee obligations (i) to the extent necessary to
permit consummation of any transaction not prohibited by any Loan Document or that has been consented to in accordance with Section 10.02 or (ii) under the circumstances described in paragraph (b) below. 

(b)        (i) At such time as the Loans and the other obligations under the Loan Documents shall have been paid in full and the Commitments have been terminated, the Collateral shall be released from the Liens created by the
Security Documents, and the Security Documents and all obligations (other than those expressly stated to survive such termination) of the Collateral Agent and each Loan Party under the Security Documents shall terminate, all without delivery of any
instrument or performance of any act by any Person and (ii) upon any sale or other transfer by any Loan Party of any Collateral in a transaction permitted under
Section 6.05(c)(ii) of this Agreement, the security interests in such Collateral created by the Security Documents shall be automatically released without delivery of any instrument or
performance of any act by any Person; provided that the Borrower shall, at any time upon request from the Administrative Agent, provide a certificate,
in form and substance reasonably satisfactory to the Administrative Agent and signed by a Financial Officer of the Borrower, confirming that (x) such sale or transfer (i) is a “Specified Vendor Receivables Financing” transaction
as defined herein, (ii) constitutes permitted Indebtedness under Section 6.01(a)(ii)(B), (iii) constitutes permitted Liens under Section 6.02(c) and (iv) such sale or transfer is a permitted sale or transfer of Collateral under
Section 6.05(c)(ii) and (y) no Default or Event of Default has occurred or will occur, as applicable, after giving effect to such sale or transfer. The Administrative Agent shall be
entitled to rely upon, and shall not incur any liability for relying upon, such certificate, believed by it to be genuine and to have been signed, sent or otherwise authenticated by the proper Person. 

(c)        In connection with any termination or release pursuant to this Section, the Administrative
Agent and the Collateral Agent shall execute and deliver to any Loan Party all documents that such Loan Party shall reasonably request to evidence such termination or release. Any execution and 

  
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 delivery of documents pursuant to this Section shall be without recourse to or warranty by the
Administrative Agent or the Collateral Agent. 
 (d)        The Lenders irrevocably authorize the Administrative Agent and the Collateral Agent to
release or subordinate any Lien on any property granted to or held by the Administrative Agent or the Collateral Agent under any Loan Document to the holder of any Lien on such property that is permitted by Section 6.02(c), 6.02(e) or 6.02(f)
to the extent required by the terms of the obligations secured by such Liens pursuant to documents reasonably acceptable to the Administrative Agent. 

SECTION 10.16    PATRIOT Act. Each Lender hereby notifies the Borrower that pursuant to the requirements of the USA
PATRIOT Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “PATRIOT Act”), it is required, or will be required in the future, to obtain, verify and record
information that identifies the Borrower and the other Loan Parties, which information includes the name and address of the Borrower and the other Loan Parties and other information that will allow such Lender to identify the Borrower and the other
Loan Parties in accordance with the PATRIOT Act. 
 SECTION 10.17    No Fiduciary Duty. Each Agent, each Lender
and their Affiliates (collectively, solely for purposes of this paragraph, the “Lenders”), may have economic interests that conflict with those of the Borrower, its stockholders and/or its affiliates. The Borrower agrees that
nothing in the Loan Documents or otherwise will be deemed to create an advisory, fiduciary or agency relationship or fiduciary or other implied duty between any Lender, on the one hand, and the Borrower, its stockholders or its affiliates, on the
other. The Borrower acknowledges and agrees that (i) the transactions contemplated by the Loan Documents (including the exercise of rights and remedies hereunder and there under) are arm’s-length
commercial transactions between the Lenders, on the one hand, and the Borrower, on the other, and (ii) in connection therewith and with the process leading thereto, (x) no Lender has assumed an advisory or fiduciary responsibility in favor
of the Borrower, its stockholders or its affiliates with respect to the transactions contemplated hereby (or the exercise of rights or remedies with respect thereto) or the process leading thereto (irrespective of whether any Lender has advised, is
currently advising or will advise the Borrower, its stockholders or its Affiliates on other matters) or any other obligation to the Borrower except the obligations expressly set forth in the Loan Documents and (y) each Lender is acting solely
as principal and not as the agent or fiduciary of the Borrower, its management, stockholders, creditors or any other Person. The Borrower acknowledges and agrees that it has consulted its own legal and financial advisors to the extent it deemed
appropriate and that it is responsible for making its own independent judgment with respect to such transactions and the process leading thereto. The Borrower agrees that it will not claim that any Lender has rendered advisory services of any nature
or respect, or owes a fiduciary or similar duty to such borrower, in connection with such transaction or the process leading thereto. 

SECTION 10.18    Acknowledgement and Consent to Bail-In of EEA Financial
Institutions. Notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any EEA Financial Institution
arising under any Loan Document 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 

  
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 (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 entity, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of
any rights with respect to any such liability under this Agreement or any other Loan Document; or 

(iii)        the variation of the terms of such liability in connection with the
exercise of the write-down and conversion powers of any EEA Resolution Authority. 
 [Signature Pages Follow] 

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

			
	HORIZON GLOBAL CORPORATION,
		
	By:	 	  

		 	Name:
		 	Title:

  
 [Signature Page to Credit
Agreement] 

			
	JPMORGAN CHASE BANK, N.A., individually and as Administrative Agent,
		
	By:	 	  

		 	Name:
		 	Title:

  
 [Signature Page to Credit
Agreement] 

 LENDER SIGNATURE PAGE TO 

THE CREDIT AGREEMENT 
  

									
		  	Name of Lender,	 	
				
		  	By:	  	  
	 	
		  		  		 	Name:	 	
		  		  		 	Title:	 	

 For any Lender requiring a second signature line: 

									
					
		  	By:	  		 	  
	 	
		  		  		 	Name:	 	
		  		  		 	Title:	 	

  
 [Signature Page to Credit
Agreement] 

 LENDER SIGNATURE PAGE TO 

THE CREDIT AGREEMENT 
  

									
		  	Name of Lender,	 	
				
		  	By:	  	  
	 	
		  		  		 	Name:	 	
		  		  		 	Title:	 	

 For any Lender requiring a second signature line: 

									
					
		  	By:	  		 	  
	 	
		  		  		 	Name:	 	
		  		  		 	Title:	 	

  
 [Signature Page to Credit
Agreement] 

 EXHIBIT A-2 

New Schedules to Credit Agreement 
  

					
	Schedule 6.01	  	–  	    	Existing Indebtedness as of Sixth Amendment Effective Date
	Schedule 6.02	  	–  	    	Existing Liens as of Sixth Amendment Effective Date
	Schedule 6.04	  	–  	    	Existing Investments as of Sixth Amendment Effective Date

 See attached. 

  

 SCHEDULE 6.01 

EXISTING INDEBTEDNESS AS OF THE SIXTH AMENDMENT EFFECTIVE DATE 

 

									
	Company	  	Bank	  	
Facility

Details
	  	  

Outstanding
Amount as of
2/24/2019
	  	
Secured/Unsecured
  

	Westfalia-Automotive GmbH	  	N/A	  	Capital Lease with Portikus	  	$10,075,538	  	Secured
	Cequent Industria E Comerico Ltda., Westfalia-Automotive GmBH, Terwa Romania Srl Unit 1, Teljs Automotive Srl Unit 2, Horizon Americas, Inc.	  	N/A	  	Capital Leases	  	$2,683,977	  	Secured
	Horizon Global Corporation Pty Ltd.	  	 National
Australia
 Bank Ltd., Australia
	  	Multi Facility Agreement	  	$15,276,725	  	Secured
	Terwa Romania Srl Unit 1	  	ING	  	Overdraft Credit Facility	  	$2,023,801	  	Secured
	 Terwa Romania Srl Unit 1

 
	  	 N/A

 
	  	 Other

 
	  	 $912,997

 
	  	
Secured
  

 Note: the above schedule is subject to year-end audit adjustments

 Intercompany Debt as listed below: 
  

					
	Borrower	  	Lender	  	Amount
	Cequent Electrical Products de Mexico S. de R.L. de C.V.	  	Cequent Sales Company de Mexico,
S. de R.L. de C.V.	  	$1,481.19
	Horizon Global (South Africa) (PPY) LTD.	  	Cequent Nederland Holdings B.V.	  	$212,463.40

					
	C.P. Witter Limited	  	Cequent Nederland Holdings B.V.	  	$2,428,116.42
	Trimotive Germany GmbH	  	Cequent Nederland Holdings B.V.	  	$974,950.00
	Kovil Oy	  	Cequent Nederland Holdings B.V.	  	$297,187.70
	HG Germany Holdings GmbH	  	Cequent Nederland Holdings B.V.	  	$126,170,000.00
	AH Forgings Proprietary Limited	  	Cequent Nederland Holdings B.V.	  	$54,320.77
	Westfalia – Automotive GmbH	  	Cequent Nederland Holdings B.V.	  	$1,720,498.85
	Westfalia – Automotive SAS	  	Cequent Nederland Holdings B.V.	  	$277,011.97
	Westfalia – Automotive Denmark ApS	  	Cequent Nederland Holdings B.V.	  	$1,270,557.13
	Westfalia – Automotive Polska Sp. Zo.o	  	Cequent Nederland Holdings B.V.	  	$556,910.94
	Westfalia – Automotive Italia S.r.l	  	Cequent Nederland Holdings B.V.	  	$300,166.46
	Teljs Automotive Srl Unit 2	  	Cequent Nederland Holdings B.V.	  	$1,553,635.59
	Horizon Global Holdings Australia Pty. Ltd.	  	Horizon International Holding LLC	  	$44,789,896.27
	Horizon Global Corporation	  	Horizon International Holding LLC	  	$12,502,710.00
	C.P. Witter Limited	  	Cequent UK Limited	  	$637,950.00
	HG Germany Holdings GmbH	  	Horizon Global Corporation	  	$45,993,583.97
	Cequent Nederland Holdings B.V.	  	Horizon Global Company LLC	  	$117,280,750.00
	Westfalia – Automotive GmbH	  	Horizon Global Company LLC	  	$1,147,000,00

 SCHEDULE 6.02 

EXISTING LIENS AS OF THE SIXTH AMENDMENT EFFECTIVE DATE 

1.      Indebtedness set forth on Schedule 6.01 encumbering the assets described on Schedule 6.01, to the extent
that such Indebtedness is described as secured Indebtedness on such Schedule 6.01. 
 2.      Lien evidenced by
Initial Filing Number OH00161477063, filed on September 25, 2012, by Raymond Leasing Corporation against Cequent Consumer Products, Inc. (n/k/a Horizon Global Americas Inc.), covering collateral constituting equipment specified in Equipment
Master Lease No. 305351. 
 3.      Lien evidenced by Initial Filing Number 2009 0236023, filed on
January 23, 2009, by Air Liquide Industrial U.S. LP against Cequent Performance Products, Inc. (n/k/a Horizon Global Americas Inc.), covering collateral constituting specific equipment, including a 13 ton CO2 tank, two gas vessels, and a
vaporizer, located in Goshen, IN. 
 4.      Lien evidenced by Initial Filing Number 2012 0866626, filed on
March 6, 2012, by Wells Fargo Bank, N.A. against Cequent Performance Products, Inc. (n/k/a Horizon Global Americas Inc.), covering collateral constituting equipment specified in Master Lease Agreement No. 9679080. 

5.      Lien evidenced by Initial Filing Number 2013 2487248, filed on June 27, 2013, by Wells Fargo
Financial Leasing, Inc. against Cequent Performance Products, Inc. (n/k/a Horizon Global Americas Inc.) covering certain collateral constituting five Xerox Workcentre 5855 copiers. 

6.      Lien evidenced by Initial Filing Number 2013 3798981, filed on September 19, 2013, by LCA Bank
Corporation against Cequent Performance Products, Inc. (n/k/a Horizon Global Americas Inc.), covering collateral constituting equipment specified in the Lease Agreement #122662-003. 

7.      Lien evidenced by Initial Filing Number 2013 4703188, filed on November 29, 2013, by Well Fargo
Financial Leasing, Inc. against Cequent Performance Products, Inc. (n/k/a Horizon Global Americas Inc.), covering certain collateral constituting two Xerox Workcentre 5855 copiers. 

8.      Lien evidenced by Initial Filing Number 2015 5309983, filed on November 12, 2015, by LCA Bank
Corporation against Cequent Performance Products, Inc. (n/k/a Horizon Global Americas Inc.), covering certain collateral constituting equipment specified in Lease Agreement No.122662-005. 

9.      Lien evidenced by Initial Filing Number 2016 7591637, filed on December 7, 2016, by Well Fargo Bank,
N.A. against Cequent Performance Products, Inc. (n/k/a Horizon Global Americas Inc.), covering certain collateral constituting specific equipment. 

10.    Lien evidenced by Initial Filing Number 2017 0850658, filed on February 7, 2017, by LCA Bank Corporation
against Cequent Performance Products, Inc. (n/k/a Horizon Global Americas Inc.), covering certain collateral constituting equipment specified in Lease Agreement No.122662-06. 

 11.    Lien evidenced by Initial Filing Number 2016 1548856, filed on
March 15, 2016, by Well Fargo Financial Leasing, Inc. against Horizon Global Corporation, covering certain collateral constituting a Copystar CS 3051ci Copier. 

12.    Lien evidenced by Initial Filing Number 2016 1812344, filed on March 28, 2016, by Leaf Capital Funding, LLC
and/or its assigns against Horizon Global Corporation and Horizon Global Company LLC, as amended covering certain collateral constituting certain Herman Miller Furniture. 

13.    Lien evidenced by Initial Filing Number 2016 3880422, filed on June 28, 2016, by Well Fargo Financial Leasing,
Inc. against Horizon Global Company LLC, covering certain collateral constituting a Copystar CS 4551ci Copier. 

14.    Lien evidenced by Initial Filing Number 2017 3151500, filed on May 12, 2017, by Mitsubishi UFJ Lease &
Finance (U.S.A.) Inc., against Horizon Global Company LLC and Horizon Global Americas Inc, covering certain collateral constituting equipment specified in Master Lease Agreement No. 105854. 

15.    Lien evidenced by Initial Filing Number 2017 3151542, filed on May 12, 2017, by Corporation Service Company, as
representative, against Horizon Global Company LLC, covering certain collateral constituting equipment specified in Master Lease Agreement No. 105854. 

16.    Lien evidenced by Initial Filing Number 2017 5703415, filed on August 28, 2017, by Summit Funding Group, Inc.
against Horizon Global Company LLC, covering certain collateral constituting certain equipment, goods, assets, and other tangible and intangible property specified in Master Lease Agreement No. 2677. 

17.    Lien evidenced by Initial Filing Number 2017 5906034, filed on September 6, 2017, by C T Corporation System, as
representative, against Horizon Global Company LLC and Horizon Global Americas Inc., covering certain collateral constituting equipment, software, and personal property specified in Schedule 1 to Master Lease 300716. 

18.    Lien evidenced by Initial Filing Number 2017 8278089, filed on December 14, 2017, by C T Corporation System, as
representative, against Horizon Global Company LLC and Horizon Global Americas Inc., covering certain collateral constituting equipment, software, and personal property specified in Schedule 2 to Master Lease 300716. 

19.    Lien evidenced by Initial Filing Number 2018 2274419, filed on April 3, 2018, by C T Corporation System, as
representative, against Horizon Global Company LLC and Horizon Global Americas Inc., covering certain collateral constituting equipment, software, and personal property specified in Schedule 3 to Master Lease 300716. 

20.    Lien evidenced by Initial Filing Number 2018 3737521, filed on June 1, 2018, by C T Corporation System, as
representative, against Horizon Global Company LLC and Horizon Global Americas Inc., covering certain collateral constituting equipment, software, and personal property specified in Schedule 4 to Master Lease 300716. 

21.    Lien evidenced by Initial Filing Number 20172702832, filed on April 25, 2017, by MB Financial Bank, N.A.
against Horizon Global Americas Inc., covering specific leased equipment. 
 22.    Lien evidenced by Initial Filing
Number 20174044068, filed on June 20, 2017, by Wells Fargo Bank, N.A. against Horizon Global Americas Inc., covering specific equipment. 

 23.    Lien evidenced by Initial Filing Number 20174301955, filed on
June 29, 2017, by the Bank of Tokyo-Mitsubishi UFJ, Ltd. against Horizon Global Americas Inc., covering certain collateral pursuant to Online Supplier Agreement, dated on or about March 20, 2017. 

24.    Lien evidenced by Initial Filing Number 20175797631, filed on August 30, 2017, by Summit Funding Group, Inc.
against Horizon Global Americas Inc., covering certain collateral identified in the Master Lease Agreement dated August 17, 2017. 

25.    Lien evidenced by Initial Filing Number 20176070772, filed on September 13, 2017, by Bank of America, N.A.
against Horizon Global Americas Inc. covering certain accounts receivables pursuant to Accounts Receivable Purchase Agreement. 

26.    Lien evidenced by Initial Filing Number 20186000588, filed on August 30, 2018, by Crown Equipment Corporation
against Horizon Global Americas Inc., covering certain equipment. 
 27.    Lien evidenced by Initial Filing Number
20189047487, filed on December 28, 2018, by Shi International Corp. against Horizon Global Americas Inc., covering certain equipment. 

28.    Lien evidenced by Initial Filing Number 20190309851, filed on January 14, 2019, by Raymond Leasing Corporation
against Horizon Global Americas Inc., covering certain equipment. 

 SCHEDULE 6.04 

EXISTING INVESTMENTS AS OF THE SIXTH AMENDMENT EFFECTIVE DATE 

A. Qualified Foreign Investments 
  

	 	1.	 Investments by Cequent Electrical Products de Mexico, S. de R.L. de C.V. in certificates of deposit,
banker’s acceptances and time deposits maturing within one year from the date of acquisition thereof issued or guaranteed by or placed with, and money market deposit accounts issued or offered by, Comerica Bank, Compass, HSBC, Grand Cayman, and
in each case such investments shall be in Mexican Pesos. 

  

	 	2.	 Investments by Cequent Trailer Products, S. de R.L. de C.V. in certificates of deposit, banker’s
acceptances and time deposits maturing within one year from the date of acquisition thereof issued or guaranteed by or placed with, and money market deposit accounts issued or offered by, Comerica Bank, Compass, HSBC, Grand Cayman, and in each case
such investments shall be in Mexican Pesos. 

 B. Other Investments 

 

	 	1.	 Horizon Global Americas Inc.’s loan to Cequent UK Limited in connection with the purchase by Cequent UK
Limited from Cequent Performance Products, Inc. of machinery, equipment and inventory to be located in the Juarez, Mexico facility; the aggregate amount of loans described in this clause (B)(1) and clause (B)(2) below do not exceed
$5.0 million. 

  

	 	2.	 Horizon Global Americas Inc.’s loan to Cequent UK Limited in connection with the purchase by Cequent UK
Limited from Cequent Performance Products, Inc. of machinery, equipment and inventory to be located in the Reynosa, Mexico facility; the aggregate amount of loans described in this clause (B)(2) and clause (B)(1) above do not exceed
$5.0 million. 

  

	 	3.	 Horizon Global Corporation’s investment in the Hong Kong Sourcing Office legal entity to provide legal
restructuring and operational funding in an aggregate amount not exceeding $2.5 million. 

  

	 	4.	 Investments by Horizon Global Corporation in one or more wholly-owned foreign subsidiaries for the purpose of
purchasing one or more foreign manufacturing facilities, including capital equipment and working capital, in an aggregate amount not exceeding $3.0 million. 

 

	 	5.	 Horizon Global Digital Limited’s investment in 20% of the issued share capital of Reckless Digital Group
Holdings Limited in a total consideration of GBP 360,000 paid to Ellie Warriner (GBP 45,000) and Lindsay Reckless (GBP 315,000) 

  

	 	6.	 Horizon Global Digital Limited’s loan to Reckless Digital Group Holdings Limited to be used for growth
initiatives and general working capital purposes, in an amount equal to GBP 300,000. 

  

	 	7.	 Cequent Industria e Comercio’s Ltda’s (fka Cequent Brazil Participacoes) purchase of Engetran
Engenharia, Industria, Comercio de Pecas e Acessorios Veiculares Ltda from Jorge Correia Karan of which there remains about $100,000 outstanding. 

	 	8.	 Cequent Industria e Comercio Ltda’s purchase of Dhelfos Industria E Comercio De Acessorios Ltda from
Ernani Mariano and Maria Luiza Gome De Goes, of which there remains about $2.5M outstanding. 

  

	 	9.	 Westfalia-Automotive GmbH owns 20% of EWV Management Consultancy Pty. 

 

	 	10.	 Vendor note from SISS Holding B.V. to Terwa Holding B.V. in connection with Terwa Holding B.V.’s
divestiture of (i) all shares in Terwa B.V. to SISS Holding B.V; and (ii) construction-related assets of Terwa Romania Srl Unit 1 to Terwa Construction Systems Srl 

Intercompany Debt as listed below: 
  

					
	Borrower	  	Lender	  	Amount
	Cequent Electrical Products de Mexico S. de R.L. de C.V.	  	Cequent Sales Company de Mexico,
S. de R.L. de C.V.	  	$1,481.19
	Horizon Global (South Africa) (PPY) LTD.	  	Cequent Nederland Holdings B.V.	  	$212,463.40
	C.P. Witter Limited	  	Cequent Nederland Holdings B.V.	  	$2,428,116.42
	Trimotive Germany GmbH	  	Cequent Nederland Holdings B.V.	  	$974,950.00
	Kovil Oy	  	Cequent Nederland Holdings B.V.	  	$297,187.70
	HG Germany Holdings GmbH	  	Cequent Nederland Holdings B.V.	  	$126,170,000.00
	AH Forgings Proprietary Limited	  	Cequent Nederland Holdings B.V.	  	$54,320.77
	Westfalia – Automotive GmbH	  	Cequent Nederland Holdings B.V.	  	$1,720,498.85
	Westfalia – Automotive SAS	  	Cequent Nederland Holdings B.V.	  	$277,011.97
	Westfalia – Automotive Denmark ApS	  	Cequent Nederland Holdings B.V.	  	$1,270,557.13
	Westfalia – Automotive Polska Sp. Zo.o	  	Cequent Nederland Holdings B.V.	  	$556,910.94
	Westfalia – Automotive Italia S.r.l	  	Cequent Nederland Holdings B.V.	  	$300,166.46
	Teljs Automotive Srl Unit 2	  	Cequent Nederland Holdings B.V.	  	$1,553,635.59
	Horizon Global Holdings Australia Pty. Ltd.	  	Horizon International Holding LLC	  	$44,789,896.27
	Horizon Global Corporation	  	Horizon International Holding LLC	  	$12,502,710.00
	C.P. Witter Limited	  	Cequent UK Limited	  	$637,950.00
	HG Germany Holdings GmbH	  	Horizon Global Corporation	  	$45,993,583.97
	Cequent Nederland Holdings B.V.	  	Horizon Global Company LLC	  	$117,280,750.00
	Westfalia – Automotive GmbH	  	Horizon Global Company LLC	  	$1,147,000,00

 EXHIBIT A-2 

New Schedules to Credit Agreement 
  

			
	Schedule 6.01   –	    	Existing Indebtedness as of Sixth Amendment Effective Date
	Schedule 6.02	    	Existing Liens as of Sixth Amendment Effective Date
	Schedule 6.04   –	    	Existing Investments as of Sixth Amendment Effective Date

 See attached. 

 EXHIBIT A-2 

New Schedules to Credit Agreement 
  

			
	Schedule 6.01         –	  	Existing Indebtedness as of Sixth Amendment Effective Date
	Schedule 6.02         –	  	Existing Liens as of Sixth Amendment Effective Date
	Schedule 6.04         –	  	Existing Investments as of Sixth Amendment Effective Date

 See attached. 

 EXHIBIT B 

Term Intercreditor Agreement 
 See
attached. 

 Execution Version 

 
 TERM INTERCREDITOR AGREEMENT 

Among 
 HORIZON GLOBAL
CORPORATION, 
 as the Borrower, 

the other Grantors from time to time party hereto, 

JPMORGAN CHASE BANK, N.A., 
 as the
Senior Collateral Agent for the Senior Secured Parties, 
 CORTLAND CAPITAL MARKET SERVICES LLC, 

as Junior Collateral Agent for the Junior Secured Parties, 

and 
 each Additional Senior Agent
and Additional Junior Agent from time to time party hereto 
 dated as of March 15, 2019 

 TERM INTERCREDITOR AGREEMENT dated as of March 15, 2019 (as amended, restated, amended
and restated, supplemented or otherwise modified from time to time, this “Agreement”), among Horizon Global Corporation, a Delaware limited liability company (the “Borrower”); the other Grantors (as defined below)
party hereto; JPMORGAN CHASE BANK, N.A, as collateral agent for the Senior Credit Agreement Secured Parties (as defined below) (in such capacity and together with its successors in such capacity, the “Senior Collateral Agent”);
CORTLAND CAPITAL MARKET SERVICES LLC, as collateral agent for the Junior Credit Agreement Secured Parties (as defined below) (in such capacity and together with its successors in such capacity, the “Junior Collateral Agent”); and
each Additional Senior Agent (as defined below) and each Additional Junior Agent (as defined below) that from time to time becomes a party hereto pursuant to Section 8.09. 

In consideration of the mutual agreements herein contained and other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the Senior Collateral Agent (for itself and on behalf of the Senior Credit Agreement Secured Parties), the Junior Collateral Agent (for itself and on behalf of the Junior Secured Parties), each Additional Senior Agent (for
itself and on behalf of the Additional Senior Secured Parties under the applicable Additional Senior Debt Facility) and each Additional Junior Agent (for itself and on behalf of the Additional Junior Secured Parties under the applicable Additional
Junior Debt Facility) agree as follows: 
 ARTICLE I 

Definitions 

SECTION 1.01. Certain Defined Terms. Capitalized terms used but not otherwise defined herein have the meanings set forth in the Senior
Credit Agreement as in effect on the date hereof or, if defined in the New York UCC, the meanings specified therein. As used in this Agreement, the following terms have the meanings specified below: 

“ABL Priority Collateral” means the “ABL Priority Collateral” (as defined in the ABL/Term Loan Intercreditor
Agreement). 
 “ABL/Term Loan Intercreditor Agreement” means the “ABL/Term Loan Intercreditor
Agreement” (as defined in the Senior Credit Agreement). 
 “Additional Junior Agent” means the collateral agent,
administrative agent and/or trustee (as applicable) or any other similar agent or Person under any Additional Junior Debt Documents, in each case, together with its successors in such capacity. 

“Additional Junior Debt” means any Indebtedness of the Borrower or any other Grantor (other than Indebtedness constituting
Junior Credit Agreement Obligations), which Indebtedness and any related Guarantees are secured by the Junior Collateral (or a portion thereof) on a junior basis to the Liens securing the Senior Credit Agreement Obligations; provided,
however, that (i) such Indebtedness is permitted to be incurred, secured and guaranteed on such basis by each then extant Senior Debt Document and Junior Debt Document and (ii) the Representative for the holders of such Indebtedness
shall have become party to this Agreement pursuant to, and by satisfying the conditions set forth in, Section 8.09 hereof. Additional Junior Debt shall include any Registered Equivalent Notes and Guarantees thereof by the Grantors issued in
exchange therefor. 
 “Additional Junior Debt Documents” means, with respect to any Series of Additional Junior Debt
Obligations, the notes, credit agreements, indentures, security documents and other operative 

 
agreements evidencing or governing such Additional Junior Debt Obligations and each other agreement entered into for the purpose of securing such Additional Junior Debt Obligations. 

“Additional Junior Debt Facility” means each debt facility, credit agreement, indenture or other governing agreement with
respect to any Additional Junior Debt. 
 “Additional Junior Debt Obligations” means, with respect to any Series of
Additional Junior Debt, (a) all principal, interest, fees and expenses (including, without limitation, any interest, fees and expenses which accrue after the commencement of any Insolvency or Liquidation Proceeding, whether or not allowed or
allowable as a claim in any such proceeding) payable with respect to such Additional Junior Debt, (b) all other amounts payable to the related Additional Junior Secured Parties under the related Additional Junior Debt Documents (including,
without limitation, any other amounts which accrue after the commencement of any Insolvency or Liquidation Proceeding, whether or not allowed or allowable as a claim in any such proceeding) and (c) any renewals or extensions of the foregoing.

 “Additional Junior Secured Parties” means, with respect to any Series of Additional Junior Debt Obligations, the
holders of such Additional Junior Debt Obligations, the Representative with respect thereto, any trustee or agent therefor under any related Additional Junior Debt Documents and the beneficiaries of each indemnification obligation undertaken by the
Borrower or any Grantor under any related Additional Junior Debt Documents. 
 “Additional Senior Agent” means the
collateral agent, administrative agent and/or trustee (as applicable) under any Additional Senior Debt Documents, in each case, together with its successors in such capacity. 

“Additional Senior Debt” means any Indebtedness of the Borrower or any other Grantor (other than Indebtedness constituting
Senior Credit Agreement Obligations), which Indebtedness and any related Guarantees are secured by the Senior Collateral (or a portion thereof) on a senior basis to the Liens securing Junior Credit Agreement Obligations; provided that
(i) such Indebtedness is permitted to be incurred, secured and guaranteed on such basis by each other then extant Senior Debt Document, (ii) the principal amount of such Indebtedness shall not exceed $20,000,000, plus any additional
amounts resulting from the payment of “in-kind” interest , and (iii) the Representative for the holders of such Indebtedness shall have become party to (A) this Agreement pursuant to, and
by satisfying the conditions set forth in, Section 8.09 hereof and (B) an applicable Intercreditor Agreement. Additional Senior Debt shall include any Registered Equivalent Notes and Guarantees thereof by the Grantors issued in exchange
therefor; provided, further, that if such Indebtedness will be the initial Additional Senior Debt incurred by the Borrower after the date hereof, then the Grantors, the Senior Collateral Agent and the Representative for such
Indebtedness shall have executed and delivered an applicable Intercreditor Agreement. 
 “Additional Senior Debt
Documents” means, with respect to any Series of Additional Senior Debt, the notes, credit agreements, indentures, security documents and other operative agreements evidencing or governing such Additional Senior Debt and each other agreement
entered into for the purpose of securing such Additional Senior Debt Obligations. 
 “Additional Senior Debt Facility”
means each debt facility, credit agreement, indenture or other governing agreement with respect to any Additional Senior Debt. 

“Additional Senior Debt Obligations” means, with respect to any Series of Additional Senior Debt, (a) all principal,
interest, fees and expenses (including, without limitation, any interest, fees and expenses which accrue after the commencement of any Insolvency or Liquidation Proceeding, 

  
 2 

 
whether or not allowed or allowable as a claim in any such proceeding) payable with respect to such Additional Senior Debt, (b) all other amounts payable to the related Additional Senior
Secured Parties under the related Additional Senior Debt Documents (including, without limitation, any other amounts which accrue after the commencement of any Insolvency or Liquidation Proceeding, whether or not allowed or allowable as a claim in
any such proceeding) and (c) any renewals or extensions of the foregoing. 
 “Additional Senior Secured Parties”
means, with respect to any Series of Additional Senior Debt Obligations, the holders of such Additional Senior Debt Obligations, the Representative with respect thereto, any trustee or agent therefor under any related Additional Senior Debt
Documents and the beneficiaries of each indemnification obligation undertaken by the Borrower or any Grantor under any related Additional Senior Debt Documents. 

“Agreement” has the meaning assigned to such term in the preamble hereto. 

“Bankruptcy Code” means Title 11 of the United States Code, as amended or any successor statute. 

“Bankruptcy Law” means the Bankruptcy Code and any other federal, state, or foreign law for the relief of debtors, or any
arrangement, reorganization, insolvency, moratorium, assignment for the benefit of creditors, any other marshalling of the assets or liabilities of the Borrower or any of its Subsidiaries, or similar law affecting creditors’ rights generally.

 “Borrower” has the meaning assigned to such term in the introductory paragraph of this Agreement. 

“Class Debt” has the meaning assigned to such term in Section 8.09. 

“Class Debt Parties” has the meaning assigned to such term in Section 8.09. 

“Class Debt Representatives” has the meaning assigned to such term in Section 8.09. 

“Collateral” means the Senior Collateral and the Junior Collateral. 

“Collateral Documents” means the Senior Collateral Documents and the Junior Collateral Documents. 

“Debt Facility” means any Senior Debt Facility and any Junior Debt Facility. 

“Designated Junior Representative” means (i) the Junior Collateral Agent until such time as the Discharge of Junior
Credit Agreement Obligations has occurred and (ii) thereafter, the Junior Representative designated by all then-existing Junior Representatives in a notice to the Designated Senior Representative and the Borrower. 

“Designated Senior Representative” means (i) the “Controlling Collateral Agent” (or equivalent term) as
defined in an applicable Intercreditor Agreement or any comparable designated entity under any successor agreement to such Intercreditor Agreement or (ii) in the case that no such Intercreditor Agreement or any successor thereto is then in
effect, the remaining Senior Representative. 
 “DIP Financing” has the meaning assigned to such term in
Section 6.01. 

  
 3 

 “Discharge of Junior Credit Agreement Obligations” means notwithstanding
any discharge of the Senior Obligations under any Debtor Relief Laws or in connection with any Insolvency or Liquidation Proceeding: 

(a)        payment in full in cash of all Junior Credit Agreement Obligations (other
than any indemnification obligations for which no claim or demand for payment, whether oral or written, has been made at such time); and 

(b)        termination or expiration of all commitments, if any, to extend credit that
would constitute Junior Credit Agreement Obligations; 
 provided that the Discharge of Junior Credit Agreement Obligations shall not be deemed to
have occurred in connection with a Refinancing of such Junior Credit Agreement Obligations with an Additional Junior Debt Facility secured by the Shared Collateral which has been designated in writing by the Representative (under the Junior Debt
Document so Refinanced) or by the Borrower, in each case, to each other Representative as the “Junior Credit Agreement” for purposes of this Agreement. 

“Discharge of Senior Obligations” means notwithstanding any discharge of the Senior Obligations under any Debtor Relief Laws
or in connection with any Insolvency or Liquidation Proceeding, except to the extent otherwise expressly provided in Section 5.6: 

(a)        payment in full in cash of all Senior Obligations (other than any
indemnification for which no claim or demand for payment, whether oral or written, has been made at such time: provided that the Senior Secured Parties may, in their reasonable discretion, request the posting of cash collateral for any possible
future indemnification obligations); and 
 (b)        termination or expiration of
all commitments, if any, to extend credit that would constitute Senior Obligations; 
 provided that the Discharge of any Series of Senior
Obligations shall not be deemed to have occurred in connection with a Refinancing of such Series of Senior Obligations with an Additional Senior Debt Facility secured by the Shared Collateral which has been designated in writing by the
Representative (under the Senior Debt Document so Refinanced) or by the Borrower, in each case, to each other Representative as “Senior Obligations” for purposes of this Agreement. 

“Grantors” means the Borrower and each other Subsidiary of the Borrower which has granted a security interest pursuant to
any Collateral Document to secure any Secured Obligations. The Grantors existing on the date hereof are set forth in Annex I hereto. 

“Insolvency or Liquidation Proceeding” means: 

(1)        any case commenced by or against the Borrower or any other Grantor under
any Bankruptcy Law, any other proceeding for the reorganization, recapitalization or adjustment or marshalling of the assets or liabilities of the Borrower or any other Grantor, any receivership or assignment for the benefit of creditors relating to
the Borrower or any other Grantor or any similar case or proceeding relative to the Borrower or any other Grantor or its creditors, as such, in each case whether or not voluntary; 

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

  
 4 

 (3)        any other proceeding of
any type or nature in which substantially all claims of creditors of the Borrower or any other Grantor are determined and any payment or distribution is or may be made on account of such claims. 

“Joinder Agreement” means a supplement to this Agreement in the form of Annex III or Annex IV hereof required to be
delivered by a Representative to the Designated Senior Representative and the Designated Junior Representative pursuant to Section 8.09 hereof in order to include an additional Debt Facility hereunder and to become the Representative hereunder
for the Senior Secured Parties or Junior Secured Parties, as the case may be, under such Debt Facility. 
 “Junior
Class Debt” has the meaning assigned to such term in Section 8.09. 
 “Junior
Class Debt Parties” has the meaning assigned to such term in Section 8.09. 
 “Junior
Class Debt Representative” has the meaning assigned to such term in Section 8.09. 
 “Junior
Collateral” means any “Collateral” as defined in any Junior Debt Document or any other assets of the Borrower or any other Grantor or Subsidiary of any Grantor with respect to which a Lien is granted or purported or required to be
granted pursuant to a Junior Collateral Document as security for any Junior Obligation. 
 “Junior Collateral Agent” has
the meaning assigned to such term in the preamble hereto. 
 “Junior Collateral Documents” means the Junior Credit
Agreement Security Agreement and the other “Security Documents” as defined in the Junior Credit Agreement, this Agreement and each of the security agreements and other instruments and documents executed and delivered by the Borrower or any
Grantor for purposes of providing collateral security for any Junior Obligation. 
 “Junior Credit Agreement” means that
certain Term Loan Credit Agreement dated as of March, 15, 2019, as amended, restated, amended and restated, supplemented, increased or otherwise modified, refinanced or replaced from time to time, the Borrower, the lenders party thereto, and
Cortland Capital Market Services LLC, as administrative agent and as collateral agent. 
 “Junior Credit Agreement Loan
Documents” means the Junior Credit Agreement and the other “Loan Documents” as defined in the Junior Credit Agreement. 

“Junior Credit Agreement Obligations” means “Obligations” as defined in the Junior Credit Agreement (or any
equivalent term in any Refinancing thereof). 
 “Junior Credit Agreement Secured Parties” means the “Secured
Parties” as defined in the Junior Credit Agreement (or any equivalent term in any Refinancing thereof). 
 “Junior Credit
Agreement Security Agreement” means the “Guarantee and Collateral Agreement” as defined in the Junior Credit Agreement (or any equivalent term in any Refinancing thereof). 

“Junior Debt Documents” means (a) the Junior Credit Agreement Loan Documents and (b) any Additional Junior Debt
Documents. 

  
 5 

 “Junior Debt Facility” means the Junior Credit Agreement and any
Additional Junior Debt Facilities. 
 “Junior Obligations” means (a) the Junior Credit Agreement Obligations and
(b) any Additional Junior Debt Obligations. 
 “Junior Representative” means (i) in the case of the Junior
Credit Agreement or the Junior Credit Agreement Secured Parties, the Junior Collateral Agent and (ii) in the case of any Additional Junior Debt Facility and the Additional Junior Secured Parties thereunder, each Additional Junior Agent in
respect of such Additional Junior Debt Facility that is named as such in the applicable Joinder Agreement. 
 “Junior Secured
Parties” means the Junior Credit Agreement Secured Parties and any Additional Junior Secured Parties. 
 “Lien”
means with respect to any asset, any mortgage, lien, pledge, hypothecation, charge, security interest, preference, priority, or encumbrance of any kind in respect of such asset, whether or not filed, recorded or otherwise perfected under applicable
law, including any conditional sale or other title retention agreement, any lease in the nature thereof, any option or other agreement to sell or give a security interest in and any filing of or agreement to give any financing statement under the
Uniform Commercial Code (or equivalent statutes) of any jurisdiction; provided that in no event shall an operating lease or a license of Intellectual Property be deemed to constitute a Lien. 

“Maximum DIP Amount” means an amount equal to (a) $50,000,000 less (b) the aggregate principal amount of any additional
Senior Obligations (including, without limitation, Additional Senior Debt, but not including any increase of the principal amount of any Senior Obligations resulting from “in-kind” payments of
interest) incurred after the date hereof. 
 “New York UCC” means the Uniform Commercial Code as from time to time in
effect in the State of New York. 
 “Officer’s Certificate” has the meaning assigned to such term in
Section 8.08. 
 “Person” means any individual, partnership, joint venture, firm, corporation, limited liability
company, association, trust, or other enterprise or any Governmental Authority. 
 “Plan of Reorganization” means any plan
of reorganization, plan of liquidation, plan of arrangement, agreement for composition, or other type of dispositive restructuring plan proposed in or in connection with any Insolvency or Liquidation Proceeding. 

“Pledged or Controlled Collateral” has the meaning assigned to such term in Section 5.05(a). 

“Proceeds” means the proceeds of any sale, collection or other liquidation of Shared Collateral, any payment or distribution
made in respect of Shared Collateral in an Insolvency or Liquidation Proceeding and any amounts received by any Senior Representative or any Senior Secured Party from a Junior Secured Party in respect of Shared Collateral pursuant to this Agreement
or any other intercreditor agreement. 
 “Purchase Event” has the meaning assigned to such term in Section 5.07. 

  
 6 

 “Purchase Right” has the meaning assigned to such term in
Section 5.07. 
 “Recovery” has the meaning assigned to such term in Section 6.04. 

“Refinance” means, in respect of any Indebtedness, to refinance, extend, renew, defease, amend, increase, modify,
supplement, restructure, refund, replace or repay, or to issue other Indebtedness or enter alternative financing arrangements, in exchange or replacement for such indebtedness (in whole or in part), including by adding or replacing lenders,
creditors, agents, borrowers and/or guarantors, and including in each case, but not limited to, after the original instrument giving rise to such Indebtedness has been terminated and including, in each case, through any credit agreement, indenture
or other agreement. “Refinanced” and “Refinancing” have correlative meanings. 
 “Registered
Equivalent Notes” means, with respect to any notes originally issued in a Rule 144A or other private placement transaction under the Securities Act of 1933, substantially identical notes (having the same Guarantees) issued in a dollar for
dollar exchange therefor pursuant to an exchange offer registered with the SEC. 
 “Representatives” means the Senior
Representatives and the Junior Representatives. 
 “SEC” means the United States Securities and Exchange Commission and
any successor agency thereto. 
 “Secured Obligations” means the Senior Obligations and the Junior Obligations. 

“Secured Parties” means the Senior Secured Parties and the Junior Secured Parties. 

“Senior Class Debt” has the meaning assigned to such term in Section 8.09. 

“Senior Class Debt Parties” has the meaning assigned to such term in Section 8.09. 

“Senior Class Debt Representative” has the meaning assigned to such term in Section 8.09. 

“Senior Collateral” means any “Collateral” as defined in any Senior Credit Agreement Loan Document or any other
Senior Debt Document or any other assets of the Borrower or any other Grantor or Subsidiary of any Grantor with respect to which a Lien is granted or purported or required to be granted pursuant to a Senior Collateral Document as security for any
Senior Obligation. 
 “Senior Collateral Agent” has the meaning assigned to such term in the preamble hereto. 

“Senior Collateral Documents” means the Senior Credit Agreement Security Agreement and the other “Security
Documents” as defined in the Senior Credit Agreement, any applicable Intercreditor Agreement and each of the security agreements and other instruments and documents executed and delivered by the Borrower or any Grantor for purposes of providing
collateral security for any Senior Obligation. 
 “Senior Credit Agreement” means that certain Term Loan Credit Agreement
dated as of June 30, 2015, as amended, restated, amended and restated, supplemented, increased or otherwise 

  
 7 

 
modified, refinanced or replaced from time to time, including as amended by the Sixth Amendment thereto, dated as of the date hereof, among the Borrower, the lenders party thereto, and JPMorgan
Chase Bank, N.A., as administrative agent and as collateral agent. 
 “Senior Credit Agreement Loan Documents” means the
Senior Credit Agreement and the other “Loan Documents” as defined in the Senior Credit Agreement. 
 “Senior Credit
Agreement Obligations” means the “Obligations” as defined in the Senior Credit Agreement. 
 “Senior Credit
Agreement Secured Parties” means the “Secured Parties” as defined in the Senior Credit Agreement. 
 “Senior
Credit Agreement Security Agreement” means the “Guarantee and Collateral Agreement” as defined in the Senior Credit Agreement. 

“Senior Debt Documents” means (a) the Senior Credit Agreement Loan Documents and (b) any Additional Senior Debt
Documents. 
 “Senior Debt Facilities” means the Senior Credit Agreement and any Additional Senior Debt Facilities. 

“Senior Lien” means the Liens on the Senior Collateral in favor of the Senior Secured Parties under the Senior Collateral
Documents. 
 “Senior Obligations” means the Senior Credit Agreement Obligations and any Additional Senior Debt
Obligations. For the avoidance of doubt, “Senior Obligations” shall include any post-petition interest (including at the applicable default rate), whether or not such post-petition interest is permissible under applicable Bankruptcy Law.

 “Senior Representative” means (i) in the case of any Senior Credit Agreement Obligations or the Senior Credit
Agreement Secured Parties, the Senior Collateral Agent and (ii) in the case of any Additional Senior Debt Facility and the Additional Senior Secured Parties thereunder, each Additional Senior Agent in respect of such Additional Senior Debt
Facility that is named as such in the applicable Joinder Agreement. 
 “Senior Secured Parties” means the Senior Credit
Agreement Secured Parties and any Additional Senior Secured Parties. 
 “Series” means (a) (x) with respect to the
Senior Secured Parties, each of (i) the Senior Credit Agreement Secured Parties (in their capacities as such) and (ii) the Additional Senior Secured Parties that become subject to this Agreement after the date hereof that are represented
by a common Representative (in its capacity as such for such Additional Senior Secured Parties) and (y) with respect to the Junior Secured Parties, each of (i) the Junior Credit Agreement Secured Parties (in their capacity as such) and
(ii) the Additional Junior Secured Parties that become subject to this Agreement after the date hereof that are represented by a common Representative (in its capacity as such for such Additional Junior Secured Parties) and (b) (x) with
respect to any Senior Obligations, each of (i) the Senior Credit Agreement Obligations and (ii) the Additional Senior Debt Obligations incurred pursuant to any Additional Senior Debt Facility and or any Additional Senior Debt Documents,
which pursuant to any Joinder Agreement, are to be represented hereunder by a common Representative (in its capacity as such for such Additional Senior Debt Obligations) and (y) with respect to any Junior Obligations, each of

  
 8 

 
(i) the Junior Credit Agreement Obligations and (ii) the Additional Junior Debt Obligations incurred pursuant to any Additional Junior Debt Facility and the related Additional Junior
Debt Documents, which pursuant to any Joinder Agreement, are to be represented hereunder by a common Representative (in its capacity as such for such Additional Junior Debt Obligations). 

“Shared Collateral” means, at any time, Collateral which (i) constitutes Senior Collateral (or, in the case of the
Senior Debt Facilities, the holders of such Senior Debt Facilities are deemed to hold a security interest pursuant to Section 2.04 hereof) and in which the holders of Junior Obligations (or their Representatives) hold a security interest at
such time or (ii) constitutes Junior Collateral. 
 “Specified Event of Default” means (i) any Event of Default
(as defined in the Senior Credit Agreement) pursuant to clauses (a), (b), (d) (solely in respect of Borrower’s failure to observe or perform the covenants contained in Section 6.13), (h), (i) or (j) of Article VII of the Senior Credit
Agreement or (ii) following any Event of Default (as defined in the Senior Credit Agreement), any exercise of remedies under the Senior Debt Documents or any declaration of the loans then outstanding under the Senior Debt Documents to be
immediately due and payable pursuant to Article VII of the Senior Credit Agreement. 
 “Subsidiary” with respect to any
Person (the “parent”) at any date, any corporation, limited liability company, partnership, association or other entity the accounts of which would be consolidated with those of the parent in the parent’s consolidated financial
statements if such financial statements were prepared in accordance with GAAP as of such date, as well as any other corporation, limited liability company, partnership, association or other entity (a) of which securities or other ownership
interests representing more than 50% of the ordinary voting power or, in the case of a partnership, more than 50% of the general partnership interests are, as of such date, owned, controlled or held, or (b) that is, as of such date, otherwise
Controlled, by the parent or one or more subsidiaries of the parent or by the parent and one or more subsidiaries of the parent. Unless otherwise specified, all references herein to a “Subsidiary” or to “Subsidiaries” shall refer
to a Subsidiary or Subsidiaries of the Borrower. 
 “Uniform Commercial Code” or “UCC” means the New York
UCC, or the Uniform Commercial Code (or any similar or comparable legislation) of another jurisdiction, to the extent it may be required to apply to any item or items of Collateral. 

SECTION 1.02. Terms Generally. The definitions of terms herein shall apply equally to 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.” Unless the context requires otherwise, (i) any definition of or reference to any agreement,
instrument, other document, statute or regulation herein shall be construed as referring to such agreement, instrument, other document, statute or regulation as from time to time amended, restated, amended and restated, supplemented or otherwise
modified, (ii) any reference herein to any Person shall be construed to include such Person’s successors and assigns, but shall not be deemed to include the subsidiaries of such Person unless express reference is made to such subsidiaries,
(iii) 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 hereof, (iv) all references
herein to Articles, Sections and Annexes shall be construed to refer to Articles, Sections and Annexes of this Agreement, (v) unless otherwise expressly qualified herein, the words “asset” and “property” shall be construed
to have the same meaning and effect and to refer to any and all 

  
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tangible and intangible assets and properties, including cash, securities, accounts and contract rights and (vi) the term “or” is not exclusive. 

ARTICLE II 

Priorities and Agreements with Respect to Shared Collateral 

SECTION 2.01. Subordination. 

(a)        Lien Subordination. Notwithstanding the date, time, manner or order of filing or
recordation of any document or instrument or grant, attachment or perfection of any Liens granted to any Junior Representative or any Junior Secured Parties on the Shared Collateral or of any Liens granted to any Senior Representative or the Senior
Secured Parties on the Shared Collateral (or any actual or alleged defect in any of the foregoing) and notwithstanding any provision of the UCC, any applicable law, any Junior Debt Document or any Senior Debt Document or any other circumstance
whatsoever, each Junior Representative, on behalf of itself and each Junior Secured Party under its Junior Debt Facility, hereby agrees that (i) any Lien on the Shared Collateral securing any Senior Obligations now or hereafter held (or
purported to be held) by or on behalf of any Senior Secured Parties or any Senior Representative or other agent or trustee therefor, regardless of how acquired, whether by grant, statute, operation of law, subrogation or otherwise, shall have
priority over and be senior in all respects and prior to any Lien on the Shared Collateral securing any Junior Obligations; and (ii) any Lien on the Shared Collateral securing any Junior Obligations now or hereafter held (or purported to be
held) by or on behalf of any Junior Secured Parties or any Junior Representative or other agent or trustee therefor, regardless of how acquired, whether by grant, statute, operation of law, subrogation or otherwise, shall be junior and subordinate
in all respects to all Liens on the Shared Collateral securing any Senior Obligations. All Liens on the Shared Collateral securing any Senior Obligations shall be and remain senior in all respects and prior to all Liens on the Shared Collateral
securing any Junior Obligations for all purposes, whether or not such Liens securing any Senior Obligations are subordinated to any Lien securing any other obligation of the Borrower, any Grantor or any other Person or otherwise subordinated,
voided, avoided, invalidated or lapsed. 
 (b)        Claim Subordination. Each Junior
Representative, on behalf of itself and each Junior Secured Party under its Junior Debt Facility, hereby agrees and acknowledges that, in addition to the other restrictions set forth in this Agreement, (i) the Junior Obligations shall in all
respects be subordinate and junior in right of payment to all Senior Obligations as set forth in this Section 2.01(b), (ii) until the Discharge of Senior Obligations, no Junior Secured Party (x) shall be entitled at any time to receive or
collect any payments in respect of principal, interest or any other amounts payable under the Junior Obligations by or on behalf of the Borrower or any Subsidiary of the Borrower (other than (i) to the extent permitted under the Senior Credit
Agreement (as in effect on the date hereof), (ii) amendment or other consent fees and (iii) agency fees and the reimbursement of expenses that are payable pursuant to the Junior Credit Agreement Loan Documents (as in effect on the date
hereof)), and (y) shall take, demand or receive from the Borrower, any Grantor or any of their Subsidiaries (and the Borrower, any Grantor or any of their Subsidiaries shall not make, give or permit) directly or indirectly, any payment of the
whole or any portion of the Junior Obligations, including without limitation by way of deduction from or setoff against any amounts due to the Borrower, any Grantor or any of the Borrower’s other Subsidiaries from any Junior Secured Party
(except as permitted by the parenthetical in the preceding clause (x)), (iii) in the event the Senior Obligations become due and payable in full, whether upon maturity, acceleration or otherwise, any payment or distribution of any kind or character,
whether in cash, property or securities which, but for the provisions of this Agreement (including but not limited to this Section 2.01(b)), would otherwise be payable or deliverable upon or in respect of any Junior Obligations, shall instead
be paid over and delivered until the Discharge of Senior Obligations, to the Senior Collateral 

  
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Agent, for application on account of the Senior Obligations, with the result that the Junior Secured Parties shall not receive any such payment or distribution or any benefit therefrom, and
(iv) under no circumstances shall any Junior Secured Party or other holder of Junior Obligations assert that it has any claim with respect to the Junior Obligations to any assets of the Borrower, any Grantor or any of their Subsidiaries on a
parity with or prior to the claims of the Senior Secured Parties. The Junior Collateral Agent, for itself and on behalf of each other Junior Secured Party, hereby agrees that if, contrary to the preceding sentence, other than as expressly permitted
by this Section 2.01(b), the Junior Collateral Agent or any other Junior Secured Party shall receive or collect any payment or distribution of any kind or character, whether in cash, property or securities, from the Borrower, any Grantor or any
of their Subsidiaries at any time prior to the Discharge of Senior Obligations, then until the Discharge of Senior Obligations, it shall hold such amount in trust for the Senior Collateral Agent and the other Senior Secured Parties and transfer such
amount to the Senior Collateral Agent as promptly as reasonably practicable, in the form received (with any necessary endorsements). 

SECTION 2.02. Nature of Senior Lender Claims. Each Junior Representative, on behalf of itself and each Junior Secured Party under its
Junior Debt Facility, acknowledges that (a) the terms of the Senior Debt Documents and the Senior Obligations may be amended, restated, amended and restated, supplemented or otherwise modified, and the Senior Obligations, or a portion thereof,
may be Refinanced from time to time and (b) the aggregate amount of the Senior Obligations may be increased in the manner permitted under the then extant Senior Debt Documents and the Junior Debt Documents, in each case without notice to or
consent by the Junior Representatives or the Junior Secured Parties and without affecting the provisions hereof. The Lien and claim priorities provided for in Section 2.01 shall not be altered or otherwise affected by any amendment,
restatement, amendment and restatement, supplement or other modification, or any Refinancing, of either the Senior Obligations or the Junior Obligations, or any portion thereof. As between the Borrower and the other Grantors and the Junior Secured
Parties, the foregoing provisions will not limit or otherwise affect the obligations of the Borrower and the Grantors contained in any Junior Debt Document with respect to the incurrence of additional Senior Obligations. 

SECTION 2.03. Prohibition on Contesting Liens. Each of the Junior Representatives, for itself and on behalf of each Junior Secured
Party under its Junior Debt Facility, agrees that it shall not (and hereby waives any right to) challenge, contest or support any other Person in challenging or contesting, in any proceeding (including any Insolvency or Liquidation Proceeding), the
validity, extent, perfection, allowability, priority or enforceability of any Lien securing, or claim asserted with respect to, any Senior Obligations held (or purported to be held) by or on behalf of any of the Senior Secured Parties or any Senior
Representative or other agent or trustee therefor in any Senior Collateral, and each of the Designated Senior Representative and each other Senior Representative, for itself and on behalf of each Senior Secured Party under its Senior Debt Facility,
agrees that it shall not (and hereby waives any right to) challenge, contest or support any other Person in challenging or contesting, in any proceeding (including any Insolvency or Liquidation Proceeding), the validity, extent, perfection,
allowability, priority or enforceability of any Lien securing any Junior Obligations held (or purported to be held) by or on behalf of any Junior Representative or any of the Junior Secured Parties in the Junior Collateral. Notwithstanding the
foregoing, no provision in this Agreement shall be construed to prevent or impair the rights of the Designated Senior Representative or any other Senior Representative to enforce this Agreement (including the priority of the Liens securing the
Senior Obligations as provided in Section 2.01) or any of the Senior Debt Documents. 
 SECTION 2.04. No New Liens. 

(a)        The parties hereto agree that, so long as the Discharge of Senior Obligations has not
occurred, (i) none of the Grantors shall grant or permit any additional Liens on any asset or property of any Person (including any Grantor or any of its Subsidiaries) to secure any Junior Obligation unless it

  
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has also granted, or concurrently therewith grants (or offers to grant), a Lien on such asset or property of such Grantor to secure the Senior Obligations, (ii) none of the Grantors shall
grant or permit any additional guarantees by any Person (including any Grantor or any of its Subsidiaries) for any Junior Obligation unless a guarantee is given (or offered to be given) by the same Grantor or Subsidiary for the Senior Obligations,
and (iii) if any Junior Representative or any Junior Secured Party shall hold any Lien on any assets or property of any Grantor securing any Junior Obligations that are not also subject to the senior-priority Liens securing Senior Obligations
under the Senior Collateral Documents, such Junior Representative or Junior Secured Party (1) shall notify the Designated Senior Representative promptly upon becoming aware thereof and, unless such Grantor shall promptly grant a similar Lien on
such assets or property to the Senior Representatives as security for the Senior Obligations, shall assign such Lien to the Senior Representatives as security for the Senior Obligations (but may retain a junior lien on such assets or property
subject to the terms hereof) and (2) until such assignment or such grant of a similar Lien to the Senior Representatives, shall be deemed to hold and have held such Lien for the benefit of the Senior Representatives as security for the Senior
Obligations. If any Junior Representative or any Junior Secured Party shall, at any time, receive any proceeds or payment from or as a result of any Liens granted in contravention of this Section 2.04, it shall pay such proceeds or payments
over to the Designated Senior Representative in accordance with the terms of Section 4.02. 

(b)        The parties hereto agree that, so long as the Discharge of Junior Credit Agreement
Obligations has not occurred (i) none of the Grantors shall grant or permit any additional Liens on any asset or property of any Person (including any Grantor or any of its Subsidiaries) to secure any Senior Obligation unless it has also
granted, or concurrently therewith grants (or offers to grant), a Lien on such asset or property of such Grantor to secure the Junior Obligations, (ii) none of the Grantors shall grant or permit any additional guarantees by any Person
(including any Grantor or any of its Subsidiaries) for any Senior Obligation unless a guarantee is given (or offered to be given) by the same Grantor or Subsidiary for the Junior Obligations, and (iii) if any Senior Representative or any Senior
Secured Party shall hold any Lien on any assets or property of any Grantor securing any Senior Obligations that are not also subject to the junior-priority Liens securing Junior Obligations under the Junior Collateral Documents, such Senior
Representative or Senior Secured Party (1) shall notify the Designated Junior Representative promptly upon becoming aware thereof and, unless such Grantor shall promptly grant a similar Lien on such assets or property to the Junior
Representatives as security for the Junior Obligations, shall assign such Lien to the Junior Representatives as security for the Junior Obligations (but may retain a senior lien on such assets or property subject to the terms hereof) and
(2) until such assignment or such grant of a similar Lien to the Junior Representatives, shall be deemed to hold and have held such Lien for the benefit of the Junior Representatives as security for the Junior Obligations. 

SECTION 2.05. Perfection of Liens. Except for the agreements of the Designated Senior Representative pursuant to Section 5.05
hereof, none of the Designated Senior Representative, the other Senior Representatives or the Senior Secured Parties shall be responsible for perfecting and maintaining the perfection of Liens with respect to the Shared Collateral for the benefit of
the Junior Representatives or the Junior Secured Parties. The provisions of this Agreement are intended solely to govern the respective Lien and claim priorities as between the Senior Secured Parties and the Junior Secured Parties and shall not
impose on the Designated Senior Representative, the other Senior Representatives, the Senior Secured Parties, the Junior Representatives, the Junior Secured Parties or any agent or trustee therefor any obligations in respect of the disposition of
Proceeds of any Shared Collateral which would conflict with prior perfected claims therein in favor of any other Person or any order or decree of any court or governmental authority or any applicable law. 

SECTION 2.06. Similar Liens. The parties hereto agree, subject to the provisions of this Agreement: 

  
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 (a)        To cooperate in order to determine, upon
any request by any Senior Representative or Junior Representative, the specific items included in the Shared Collateral securing the Senior Obligations and the Shared Collateral securing the Junior Obligations, the steps taken to perfect the Liens
thereon, and the identity of the respective parties obligated under the Senior Debt Documents and the Junior Debt Documents; and 

(b)        To make the forms, documents and agreements creating or evidencing the Shared Collateral
securing the Senior Obligations and the Junior Obligations and the Liens of the Senior Secured Parties and the Liens of the Junior Secured Parties substantially the same, other than with respect to the senior priority or junior priority lien nature
of the Liens created or evidenced thereunder (as applicable), the identity of the parties thereto or secured thereby and other matters contemplated by this Agreement. 

SECTION 2.07. Refinancings. The Senior Credit Agreement Obligations of any Series may be Refinanced, in whole or in part, in each case
without notice to, or the consent (except to the extent a consent is otherwise required to permit the Refinancing transaction under any Senior Debt Document or Junior Debt Document) of any party hereto, all without affecting the priorities provided
for herein or the other provisions hereof, subject to Section 5.03; provided that the collateral agent of the holders of any such Refinancing obligations shall have executed a Joinder Agreement on behalf of the holders of such
Refinancing obligations and such collateral agent and Grantors shall have complied with Section 8.09 with respect to such obligations. The Junior Credit Agreement Obligations of any Series may be Refinanced, in whole or in part, in each case
without notice to, or the consent (except to the extent a consent is otherwise required to permit the Refinancing transaction under any Senior Debt Document or Junior Debt Document) of any party hereto, all without affecting the priorities provided
for herein or the other provisions hereof, subject to Section 5.03; provided that the collateral agent of the holders of any such Refinancing obligations shall have executed a Joinder Agreement on behalf of the holders of such
Refinancing obligations and such collateral agent and Grantors shall have complied with Section 8.09 with respect to such obligations. 

ARTICLE III 

Enforcement 

SECTION 3.01. Exercise of Remedies. 

(a)        So long as the Discharge of Senior Obligations has not occurred, whether or not any
Insolvency or Liquidation Proceeding has been commenced by or against the Borrower or any other Grantor, (i) neither any Junior Representative nor any Junior Secured Party will (v) file an involuntary petition for an Insolvency or
Liquidation Proceeding against any Grantor or any Subsidiary of a Grantor, (w) exercise or seek to exercise any rights or remedies (including setoff or recoupment) with respect to any Shared Collateral in respect of any Junior Obligations, or
institute any action or proceeding with respect to such rights or remedies (including any action of foreclosure), (x) contest, protest or object to any foreclosure proceeding or action brought with respect to the Shared Collateral or any other
Senior Collateral by the Designated Senior Representative, any other Senior Representative or any Senior Secured Party in respect of the Senior Obligations, the exercise of any right by the Designated Senior Representative, any other Senior
Representative or any Senior Secured Party (or any agent or sub-agent on their behalf) in respect of the Senior Obligations under any lockbox agreement, control agreement, landlord waiver or bailee’s
letter or similar agreement or arrangement to which the Designated Senior Representative, any other Senior Representative or any Senior Secured Party either is a party or may have rights as a third party beneficiary, or any other exercise by any
such party of any rights and remedies relating to the Shared Collateral under the Senior Debt Documents or otherwise in respect of the Senior Collateral or the Senior Obligations, (y) object to the forbearance by the Senior Secured Parties from

  
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bringing or pursuing any foreclosure proceeding or action or any other exercise of any rights or remedies relating to the Shared Collateral in respect of Senior Obligations, or (z) assert
any marshaling, appraisal, valuation or other similar right that may otherwise be available to junior secured creditors, (ii) except as otherwise provided herein, the Designated Senior Representative, the other Senior Representatives and the
Senior Secured Parties shall have the exclusive right to enforce rights, exercise remedies (including setoff, recoupment, and the right to credit bid their debt) and make determinations regarding the release, disposition or restrictions with respect
to the Shared Collateral without any consultation with or the consent of any Junior Representative or any Junior Secured Party, and (iii) notwithstanding anything contained in Section 8.01 or in the ABL/Term Loan Intercreditor Agreement,
the Designated Senior Representative, the other Senior Representatives and the Senior Secured Parties shall have the exclusive right to exercise, in their sole discretion, all rights, powers and remedies of the “Term Lenders” under the
ABL/Term Loan Intercreditor Agreement without the consent of or consultation with any Junior Secured Parties and the Designated Senior Representative shall at all times act as the “Designated Term Agent” under the ABL/Term Loan
Intercreditor Agreement; provided, however, that (A) in any Insolvency or Liquidation Proceeding commenced by or against the Borrower or any other Grantor, any Junior Representative may file a claim, proof of claim, or statement
of interest with respect to the Junior Obligations under its Junior Debt Facility in a manner consistent with this Agreement, (B) any Junior Representative may take any action (not adverse to the prior Liens on the Shared Collateral securing
the Senior Obligations or the rights of the Designated Senior Representative, the other Senior Representatives or the Senior Secured Parties to exercise remedies in respect thereof) in order to create, prove, perfect, preserve or protect (but not
enforce) its rights in, and perfection and priority of its Lien on, the Shared Collateral, (C) to the extent not otherwise inconsistent with or prohibited by any express provision of this Agreement, any Junior Representative and the Junior
Secured Parties may exercise any rights and remedies available to unsecured creditors, to the extent provided in Section 5.04, (D) any Junior Representative may exercise the rights and remedies provided for in Section 6.03 and may vote on
a proposed Plan of Reorganization in any Insolvency or Liquidation Proceeding of the Borrower or any other Grantor in accordance with the terms of this Agreement (including Section 6.12), (E) in any Insolvency or Liquidation Proceeding
commenced by or against the Borrower or any other Grantor, any Junior Representative may credit bid its Junior Obligations, but only to the extent that such credit bid contains a cash component which results in the Discharge of Senior Obligations
and (F) any Junior Representative and the Junior Secured Parties may file any necessary or appropriate responsive or defensive pleadings in opposition to any motion, claim, adversary proceeding or other pleading made by any person objecting to
or otherwise seeking the disallowance or, to the extent not inconsistent with this Agreement, subordination of the claims or Liens of the Junior Secured Parties, including any claims secured by the Junior Collateral, in each case in accordance with
the terms of this Agreement. In exercising rights and remedies with respect to the Shared Collateral, the Designated Senior Representative, the other Senior Representatives and the Senior Secured Parties may enforce the provisions of the Senior Debt
Documents and exercise remedies thereunder, all in such order and in such manner as they may determine in the exercise of their sole discretion in compliance with any applicable law. Such exercise and enforcement shall include the rights of an agent
appointed by them to sell or otherwise dispose of Shared Collateral upon foreclosure, to incur expenses in connection with such sale or disposition and to exercise all the rights and remedies of a secured lender under the Uniform Commercial Code of
any applicable jurisdiction and of a secured creditor under Bankruptcy Laws of any applicable jurisdiction. 

(b)        So long as the Discharge of Senior Obligations has not occurred, each Junior
Representative, on behalf of itself and each Junior Secured Party under its Junior Debt Facility, agrees that any Shared Collateral or any Proceeds of Shared Collateral or of any property of any Grantor or any Subsidiary of any Grantor that it
receives in connection with the exercise of any right or remedy (including setoff or recoupment) with respect to any Shared Collateral in respect of Junior Obligations shall be delivered to the Designated Senior Representative for application to the
Senior Obligations. 

  
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Without limiting the generality of the foregoing, unless and until the Discharge of Senior Obligations has occurred, except as expressly provided in the proviso in Section 3.01(a) and
Section 6.03, the sole right of the Junior Representatives and the Junior Secured Parties with respect to any Shared Collateral is to hold a Lien on such Shared Collateral in respect of Junior Obligations pursuant to the Junior Debt Documents
for the period and to the extent granted therein and to receive a share of the Proceeds thereof, if any, after the Discharge of Senior Obligations has occurred. 

(c)        Subject to the proviso in Section 3.01(a) and Section 6.03, (i) each Junior
Representative, for itself and on behalf of each Junior Secured Party under its Junior Debt Facility, agrees that neither such Junior Representative nor any such Junior Secured Party will take any action that would hinder, delay or interfere with
any exercise of remedies undertaken by the Designated Senior Representative, any other Senior Representative or any Senior Secured Party with respect to the Shared Collateral under the Senior Debt Documents, including any sale, lease, exchange,
transfer or other disposition of the Shared Collateral, whether by foreclosure or otherwise, and (ii) each Junior Representative, for itself and on behalf of each Junior Secured Party under its Junior Debt Facility, hereby waives any and all
rights it or any such Junior Secured Party may have as a junior lien creditor to object to the manner in which the Designated Senior Representative, the other Senior Representatives or the Senior Secured Parties seek to enforce or collect the Senior
Obligations or the Liens granted on any of the Senior Collateral, regardless of whether any action or failure to act by or on behalf of the Designated Senior Representative, any other Senior Representative or any other Senior Secured Party is
adverse to the interests of the Junior Secured Parties. 
 (d)        Each Junior Representative
hereby acknowledges and agrees that no covenant, agreement or restriction contained in any Junior Debt Document shall be deemed to restrict in any way the rights and remedies of the Designated Senior Representative, the other Senior Representatives
or the Senior Secured Parties with respect to the Senior Collateral as set forth in this Agreement and the Senior Debt Documents. 

(e)        Subject to the proviso in Section 3.01(a), until the Discharge of Senior Obligations,
the Designated Senior Representative or any Person authorized by it shall have the exclusive right to exercise any right or remedy with respect to the Shared Collateral and shall have the exclusive right to determine and direct the time, method and
place for exercising such right or remedy or conducting any proceeding with respect thereto. Following the Discharge of Senior Obligations, the Designated Junior Representative or any Person authorized by it shall have the exclusive right to
exercise any right or remedy with respect to the Shared Collateral and shall have the exclusive right to direct the time, method and place of exercising or conducting any proceeding for the exercise of any right or remedy available to the Junior
Secured Parties with respect to the Shared Collateral, or of exercising or directing the exercise of any trust or power conferred on the Junior Representatives, or for the taking of any other action authorized by the Junior Collateral Documents;
provided, however, that nothing in this Section shall impair the right of any Junior Representative or other agent or trustee acting on behalf of the Junior Secured Parties to take such actions with respect to the Shared
Collateral after the Discharge of Senior Obligations as may be otherwise required or authorized pursuant to any intercreditor agreement governing the Junior Secured Parties or the Junior Obligations. 

SECTION 3.02. No Enforcement. Subject to the proviso in Section 3.01(a), each Junior Representative, on behalf of itself and each
Junior Secured Party under its Junior Debt Facility, agrees that, unless and until the Discharge of Senior Obligations has occurred, it will not commence, or join with any Person (other than with the consent of the Senior Secured Parties and the
Designated Senior Representative) in commencing, any enforcement, collection, execution, levy or foreclosure action or proceeding with respect to any Lien held by it in the Shared Collateral under any of the Junior Debt Documents or otherwise in
respect of the Junior Obligations. 

  
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 SECTION 3.03. Actions upon Breach. Should any Junior Representative or any Junior
Secured Party, contrary to this Agreement, in any way take, attempt to take or threaten to take any action with respect to the Shared Collateral (including any attempt to realize upon or enforce any remedy with respect to this Agreement) or fail to
take any action required by this Agreement, the Designated Senior Representative or any other Senior Representative or other Senior Secured Party may obtain relief against such Junior Representative or such Junior Secured Party by injunction,
specific performance or other appropriate equitable relief. Each Junior Representative, on behalf of itself and each Junior Secured Party under its Junior Debt Facility, hereby (i) agrees that the Senior Secured Parties’ damages from the
actions of the Junior Representatives or any Junior Secured Party may at that time be difficult to ascertain and may be irreparable and waives any defense that the Borrower, any other Grantor or the Senior Secured Parties cannot demonstrate damage
or be made whole by the awarding of damages and (ii) irrevocably waives any defense based on the adequacy of a remedy at law and any other defense that might be asserted to bar the remedy of specific performance in any action that may be
brought by the Designated Senior Representative, any other Senior Representative or any Senior Secured Party. 
 ARTICLE IV 

Payments 
 SECTION
4.01. Application of Proceeds. Subject to the ABL/Term Loan Intercreditor Agreement with respect to ABL Priority Collateral, so long as the Discharge of Senior Obligations has not occurred, the Shared Collateral or any property of any Grantor
or any Subsidiary of any Grantor or Proceeds thereof received in connection with the sale or other disposition of, or collection on, such Shared Collateral or of any property of any Grantor or any Subsidiary of any Grantor upon the exercise of
remedies shall be applied by the Designated Senior Representative to the Senior Obligations in such order as specified in the relevant Senior Debt Documents (including any relevant Intercreditor Agreement) until the Discharge of Senior Obligations
has occurred. Upon the Discharge of Senior Obligations, the Designated Senior Representative shall deliver promptly to the Designated Junior Representative any Shared Collateral or any property of any Grantor or any Subsidiary of any Grantor or
Proceeds thereof held by it in the same form as received, with any necessary endorsements, or as a court of competent jurisdiction may otherwise direct, to be applied by the Designated Junior Representative to the Junior Obligations in such order as
specified in the relevant Junior Debt Documents. 
 SECTION 4.02. Payments Over. Subject to the ABL/Term Loan Intercreditor
Agreement with respect to ABL Collateral, prior to the Discharge of Senior Obligations, any Shared Collateral, any other property of any Grantor or any Subsidiary of any Grantor or Proceeds of any of the foregoing received by any Junior
Representative or any Junior Secured Party in connection with the exercise of any right or remedy (including setoff or recoupment) or otherwise relating to the Shared Collateral or such property in contravention of this Agreement shall be segregated
and held in trust for the benefit of and forthwith paid over to the Designated Senior Representative for the benefit of the Senior Secured Parties in the same form as received, with any necessary endorsements, or as a court of competent jurisdiction
may otherwise direct. The Designated Senior Representative is hereby authorized to make any such endorsements as agent for each of the Junior Representatives or any such Junior Secured Party. This authorization is coupled with an interest and is
irrevocable. 
 ARTICLE V 

Other Agreements 

SECTION 5.01. Releases. 

  
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 (a)        Each Junior Representative, for itself
and on behalf of each Junior Secured Party under its Junior Debt Facility, agrees that, in the event of a sale, transfer or other disposition of any specified item of Shared Collateral (including all or substantially all of the equity interests of
any Subsidiary of the Borrower) or the release of any Guarantee for any Secured Obligation that is either (x) following an Event of Default (as defined in the Senior Debt Documents) or in connection with any foreclosure or other exercise of
remedies (or a disposition effected in lieu of such a foreclosure or exercise of remedies) with respect to the Guarantees or the Shared Collateral by the Designated Senior Representative or (y) pursuant to a transaction that is permitted under
the Senior Debt Documents and the Junior Debt Documents, such Guarantees and the Liens granted to the Junior Representatives and the Junior Secured Parties upon such Shared Collateral to secure Junior Obligations (but not on the Proceeds thereof)
(and any Guarantees provided by any Grantors in respect thereof) shall, in each case, terminate and be released, automatically and without any further action, concurrently with the termination and release of all Liens granted upon such Shared
Collateral and Guarantees of the Grantors in respect thereof to secure Senior Obligations and to the same extent as such Liens granted upon such Shared Collateral and such Guarantees to secured Senior Obligations are released. Upon delivery to a
Junior Representative of an Officer’s Certificate stating that any such termination and release of Liens securing the Senior Obligations has become effective (or shall become effective concurrently with such termination and release of the Liens
granted to the Junior Secured Parties and the Junior Representatives) and any necessary or proper instruments of termination or release prepared by the Borrower or any other Grantor, such Junior Representative will promptly execute, deliver or
acknowledge, at the Borrower’s or the other Grantor’s sole cost and expense, such instruments to evidence such termination and release of the Liens and Guarantees. Nothing in this Section 5.01(a) will be deemed to affect any agreement
of a Junior Representative, for itself and on behalf of the Junior Secured Parties under its Junior Debt Facility, to release the Liens on the Junior Collateral as set forth in the relevant Junior Debt Documents. 

(b)        Each Junior Representative, for itself and on behalf of each Junior Secured Party under
its Junior Debt Facility, hereby irrevocably constitutes and appoints each Senior Representative and any officer or agent of each Senior Representative, with full power of substitution, as its true and lawful attorney-in-fact with full irrevocable power and authority in the place and stead of such Junior Representative or such Junior Secured Party or in such Senior Representative’s own name, from time to time
in such Senior Representative’s discretion, for the purpose of carrying out the terms of Section 5.01(a), to take any and all appropriate action and to execute any and all documents and instruments that may be necessary or desirable to
accomplish the purposes of Section 5.01(a), including any termination statements, endorsements or other instruments of transfer or release. 

(c)        Unless and until the Discharge of Senior Obligations has occurred, each Junior
Representative, for itself and on behalf of each Junior Secured Party under its Junior Debt Facility, hereby consents to the application, whether prior to or after an event of default under any Senior Debt Document of Proceeds of Shared Collateral
to the repayment of Senior Obligations pursuant to the Senior Debt Documents, provided that nothing in this Section 5.01(c) shall be construed to prevent or impair the rights of the Junior Representatives or the Junior Secured Parties to
enforce this Agreement or to receive payments in connection with the Junior Obligations not otherwise in contravention of this Agreement. 

(d)        Notwithstanding anything to the contrary in any Junior Collateral Document, in the event
the terms of a Senior Collateral Document and a Junior Collateral Document each require any Grantor (i) to make payment in respect of any item of Shared Collateral, (ii) to deliver or afford control over any item of Shared Collateral to,
or deposit any item of Shared Collateral with, (iii) to register ownership of any item of Shared Collateral in the name of or make an assignment of ownership of any Shared Collateral or the rights thereunder, (iv) to cause any securities
intermediary, commodity intermediary or other Person acting in a similar capacity to agree to comply, in respect of any item of Shared Collateral, with instructions or orders from, or to treat, in respect of any item of Shared Collateral,

  
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as the entitlement holder, (v) to hold any item of Shared Collateral in trust for (to the extent such item of Shared Collateral cannot be held in trust for multiple parties under applicable
law), (vi) to obtain the agreement of a bailee or other third party to hold any item of Shared Collateral for the benefit of or subject to the control of or, in respect of any item of Shared Collateral, to follow the instructions of or
(vii) to obtain the agreement of a landlord with respect to access to leased premises where any item of Shared Collateral is located or waivers or subordination of rights with respect to any item of Shared Collateral in favor of, in any case,
both any Designated Senior Representative and any Junior Representative or Junior Secured Party, such Grantor may, to the extent such action cannot be taken with respect to both the Designated Senior Representative and the Designated Junior
Representative after use of commercially reasonable efforts to do so, until the applicable Discharge of Senior Obligations has occurred, comply with such requirement under the Junior Collateral Document as it relates to such Shared Collateral by
taking any of the actions set forth above only with respect to, or in favor of, the Designated Senior Representative. 
 SECTION 5.02.
Insurance and Condemnation Awards. Unless and until the Discharge of Senior Obligations has occurred, the Designated Senior Representative and the Senior Secured Parties shall have the sole and exclusive right, subject to the rights of the
Grantors under the Senior Debt Documents, (a) to adjust settlement for any insurance policy covering the Shared Collateral in the event of any loss thereunder and (b) to approve any award granted in any condemnation or similar proceeding
affecting the Shared Collateral. Unless and until the Discharge of Senior Obligations has occurred, all proceeds of any such policy and any such award, if in respect of the Shared Collateral, shall be paid (i) first, prior to the occurrence of
the Discharge of Senior Obligations, to the Designated Senior Representative for the benefit of Senior Secured Parties pursuant to the terms of the Senior Debt Documents, (ii) second, after the occurrence of the Discharge of Senior Obligations,
to the Designated Junior Representative for the benefit of the Junior Secured Parties pursuant to the terms of the applicable Junior Debt Documents and (iii) third, if no Senior Obligations or Junior Obligations are outstanding, to the owner of
the subject property, such other Person as may be entitled thereto or as a court of competent jurisdiction may otherwise direct. If any Junior Representative or any Junior Secured Party shall, at any time, receive any proceeds of any such insurance
policy or any such award in contravention of this Agreement, it shall pay such proceeds over to the Designated Senior Representative in accordance with the terms of Section 4.02. 

SECTION 5.03. Amendments to Senior Debt Documents and Junior Debt Documents. 

(a)        The Junior Debt Documents and Junior Collateral Documents may be amended, amended and
restated, restated, supplemented or otherwise modified in accordance with their terms without the consent of any Senior Secured Party; provided that, without the prior written consent of the Designated Senior Representative, no Junior Debt
Document or Junior Collateral Document may be amended, restated, supplemented or otherwise modified or entered into to the extent such amendment, restatement, supplement or modification, or the terms of any new Junior Debt Document or Junior
Collateral Document, would: 
 (i)        be prohibited by or inconsistent with any
of the terms of this Agreement; 
 (ii)        increase any “Applicable
Rate”, margin, LIBOR or base rate “floor”, or similar component of the interest rate (whether in cash or in kind) (excluding default interest) by more than 3.00% (in the aggregate for all such increases); 

(iii)        add or increase any other fees (or any other monetary obligations
which are the substantial equivalent of a fee) of the Borrower or any Grantor (other than amendment fees or as otherwise permitted by this Section 5.03(a)); 

  
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 (iv)        increase the amount of
any required principal or interest payment or modify any related amortization schedule in a manner which would have the effect of increasing the amount of any required principal or interest payment (other than as otherwise permitted by this
Section 5.03(a)(ii)); 
 (v)        change to an earlier date (A) the
scheduled final maturity date or (B) the date of any regularly scheduled amortization or redemption payments of principal or interest; or 

(vi)        add or change any other provision, including any negative covenant,
financial maintenance covenant, or event of default in the Junior Debt Documents (as in effect on the date hereof) in a manner that is more restrictive or disadvantageous to the Borrower or any of its Subsidiaries unless the Senior Secured
Parties shall have agreed with the Borrower to make such corresponding changes or additions in the Senior Debt Documents. 

(b)        The Senior Debt Documents may be amended, amended and restated, restated, supplemented or
otherwise modified in accordance with their terms without the consent of any Junior Secured Party; provided that, without the prior written consent of the Designated Junior Representative, no Senior Debt Document or Senior Collateral Document
may be amended, restated, supplemented or otherwise modified or entered into to the extent such amendment, restatement, supplement or modification, or the terms of any new Senior Debt Document or Senior Collateral Document, would: 

(i)        be prohibited by or inconsistent with any of the terms of this Agreement;

 (ii)        increase any “Applicable Rate”, margin, LIBOR or base
rate “floor”, or similar component of the interest rate (whether in cash or in kind) (excluding default interest) by more than 3.00% (in the aggregate for all such increases); 

(iii)        modify any amortization schedule in a manner which would have the effect
of increasing the amount of any required principal payment; 
 (iv)        change
to an earlier date (A) the scheduled final maturity date or (B) the date of any regularly scheduled amortization or redemption payments of principal or interest; or 

(v)        impose any new or additional restrictions on making payments under the
Junior Debt Documents. 
 (c)        The Borrower agrees to deliver to the Designated Senior
Representative copies of (i) any amendments, supplements or other modifications to the Junior Collateral Documents and (ii) any new Junior Collateral Documents, in each case promptly after effectiveness thereof. Each Junior Representative,
for itself and on behalf of each Junior Secured Party under its Junior Debt Facility, agrees that each Junior Collateral Document under its Junior Debt Facility shall include the following language (or language to similar effect reasonably approved
by the Designated Senior Representative): 
 “Notwithstanding anything herein to the contrary, (i) the liens and security
interests granted to the Junior Representative and the claims of the Junior Representative and the Junior Secured Parties pursuant to this Agreement are expressly subject and subordinate to the liens and security interests granted to and claims in
favor of the Senior Secured Parties (as defined in the Intercreditor Agreement referred to below), including liens and security interests granted to, and claims of, JPMorgan Chase Bank, N.A., as collateral agent, and the lenders pursuant to or in
connection with the Credit Agreement dated as of June 30, 2015 (as amended, restated, amended and restated, supplemented or otherwise 

  
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modified from time to time), among the Borrower, the lenders party thereto, and JPMorgan Chase Bank, N.A., as administrative agent and collateral agent, and (ii) the exercise of any right or
remedy by the Junior Representative hereunder is subject to the limitations and provisions of the Term Intercreditor Agreement dated as of March 15, 2019 (as amended, restated, amended and restated, supplemented or otherwise modified from time
to time, the “Intercreditor Agreement”), among the Borrower, the lenders party thereto, JPMorgan Chase Bank, N.A., as Senior Collateral Agent, and Cortland Capital Market Services LLC, as Junior Collateral Agent. In the event of any
conflict between the terms of the Term Intercreditor Agreement and the terms of this Agreement, the terms of the Term Intercreditor Agreement shall govern.” 

(d)        In the event that any Senior Representative enters into any amendment, waiver or consent
in respect of any of the Senior Collateral Documents for the purpose of adding to or deleting from, or waiving or consenting to any departures from any provisions of, any Senior Collateral Document or changing in any manner the rights of the
Designated Senior Representative, the Senior Secured Parties, the Borrower or any other Grantor thereunder (including the release of any Liens in Senior Collateral), then such amendment, waiver or consent shall apply automatically to any comparable
provision of the comparable Junior Collateral Documents without the consent of any Junior Representative or any Junior Secured Party and without any action by any Junior Representative, the Borrower or any other Grantor; provided,
however, no such amendment, waiver or consent shall have the effect of (i) removing assets subject to the Lien of the Junior Collateral Documents (or Guarantees thereunder), except (A) to the extent that a release of such Lien (or
Guarantee) is permitted by Section 5.01 of this Agreement and provided that there is a corresponding release of the Lien securing the Senior Obligations, or (B) following an Event of Default (as defined in the Senior Debt Documents) or in
connection with any exercise of remedies by the Senior Secured Parties so long as any proceeds are applied in a manner that is consistent with this Agreement, including Article IV hereof, (ii) imposing duties that are adverse on, or altering
any rights, indemnities or immunities of, any Junior Representative without its consent, (iii) altering the terms of the Junior Debt Documents to permit other Liens on the Collateral not permitted under the terms of the Junior Debt Documents or
(iv) being prejudicial to the interests of the Junior Secured Parties to a greater extent than the Senior Secured Parties (other than by virtue of their relative priority and the rights and obligations hereunder). To the extent practicable, the
Borrower will give the Junior Representatives written notice of any such amendment, waiver or consent in advance of the effectiveness thereof, provided that the failure to give such advance notice shall not cause any such amendment, waiver or
consent to be invalid. 
 SECTION 5.04. Rights as Unsecured Creditors. Each Junior Representatives and the Junior Secured Parties
may exercise rights and remedies as unsecured creditors against the Borrower and any other Grantor in accordance with the terms of the Junior Debt Documents and applicable law so long as such rights and remedies do not violate, or are not otherwise
inconsistent with, any express provision of this Agreement (including any provision prohibiting or restricting the Junior Secured Parties from taking various actions or making various objections). In the event any Junior Representative or any Junior
Secured Party becomes a judgment lien creditor in respect of Shared Collateral as a result of its enforcement of its rights as an unsecured creditor in respect of Junior Obligations, such judgment lien shall be subordinated to the Liens securing
Senior Obligations on the same basis as the other Liens securing the Junior Obligations are so subordinated to such Liens securing Senior Obligations under this Agreement. Nothing in this Agreement shall impair or otherwise adversely affect any
rights or remedies the Designated Senior Representative, the other Senior Representatives or the Senior Secured Parties may have with respect to the Senior Collateral. 

SECTION 5.05.        Gratuitous Bailee for Perfection. 

  
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 (a)        Each Representative acknowledges and
agrees that if it shall at any time hold a Lien securing any Secured Obligations on any Shared Collateral that can be perfected by the possession or control of such Shared Collateral or of any account in which such Shared Collateral is held, and if
such Shared Collateral or any such account is in fact in the possession or under the control of such Representative, or of agents or bailees of such Representative (such Shared Collateral being referred to herein as the “Pledged or
Controlled Collateral”), or if it shall at any time obtain any landlord waiver or bailee’s letter or any similar agreement or arrangement granting it rights or access to Shared Collateral, such Representative shall also hold such
Pledged or Controlled Collateral, or take such actions with respect to such landlord waiver, bailee’s letter or similar agreement or arrangement, as sub-agent or gratuitous bailee for the benefit of the
relevant other Representatives, in each case solely for the purpose of perfecting the Liens granted under the relevant Collateral Documents and subject to the terms and conditions of this Section 5.05. 

(b)        Except as otherwise specifically provided herein, until the Discharge of Senior
Obligations has occurred, each Senior Representative shall be entitled to deal with the Pledged or Controlled Collateral in accordance with the terms of the Senior Debt Documents as if the Liens under the Junior Collateral Documents did not exist.
The rights of the Junior Representatives and the Junior Secured Parties with respect to the Pledged or Controlled Collateral shall at all times be subject to the terms of this Agreement. 

(c)        No Senior Representative shall have any obligation whatsoever to the Junior
Representatives or any Junior Secured Party to assure that any of the Pledged or Controlled Collateral is genuine or owned by the Grantors or to protect or preserve rights or benefits of any Person or any rights pertaining to the Shared Collateral,
except as expressly set forth in this Section 5.05. The duties or responsibilities of any Representative under this Section 5.05 shall be limited solely to holding or controlling the Shared Collateral and the related Liens referred to in
paragraph (a) of this Section 5.05 as sub-agent and gratuitous bailee for the relevant Representatives for purposes of perfecting the Lien held by such Representative. 

(d)        No Senior Representative shall have by reason of the Junior Collateral Documents or this
Agreement, or any other document, a fiduciary relationship in respect of any Junior Representative or any Junior Secured Party, and each Junior Representative, for itself and on behalf of each Junior Secured Party under its Junior Debt Facility,
hereby waives and releases each Senior Representative from all claims and liabilities arising pursuant to such Senior Representative’s role under this Section 5.05 as sub-agent and gratuitous bailee
with respect to the Shared Collateral. No Junior Representative shall have by reason of the Senior Collateral Documents or this Agreement, or any other document, a fiduciary relationship in respect of any Senior Representative or any Senior Secured
Party, and each Senior Representative, for itself and on behalf of each Senior Secured Party under its Senior Debt Facility, hereby waives and releases each Junior Representative from all claims and liabilities arising pursuant to such Junior
Representative’s role under this Section 5.05 as sub-agent and gratuitous bailee with respect to the Shared Collateral. 

(e)        Upon the Discharge of Senior Obligations, each Senior Representative shall, at the
Grantors’ sole cost and expense, (i) (A) deliver to the Designated Junior Representative, to the extent that it is legally permitted to do so, all Shared Collateral, including all proceeds thereof, held or controlled by such Senior
Representative or any of its agents or bailees, including the transfer of possession and control, as applicable, of the Pledged or Controlled Collateral, together with any necessary endorsements and notices to depositary banks, securities
intermediaries and commodities intermediaries, and assign its rights under any landlord waiver or bailee’s letter or any similar agreement or arrangement granting it rights or access to Shared Collateral, or (B) direct and deliver such
Shared Collateral as a court of competent jurisdiction may otherwise direct, (ii) notify any applicable insurance carrier that it is no longer 

  
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entitled to be a loss payee or additional insured under the insurance policies of any Grantor issued by such insurance carrier and (iii) notify any governmental authority involved in any
condemnation or similar proceeding involving any Grantor that the Designated Junior Representative is entitled to approve any awards granted in such proceeding. The Borrower and the other Grantors shall take such further action as is required to
effectuate the transfer contemplated hereby and shall indemnify each Senior Representative for loss or damage suffered by such Senior Representative as a result of such transfer, except for loss or damage suffered by such Senior Representative as a
result of its own willful misconduct or gross negligence as determined by a final non-appealable judgment by a court of competent of jurisdiction. No Senior Representative has any obligation to follow
instructions from the Designated Junior Representative in contravention of this Agreement. 

(f)        Neither the Designated Senior Representative nor any of the other Senior Representatives
or Senior Secured Parties shall be required to marshal any present or future collateral security for any obligations of the Borrower or any other Grantor to the Designated Senior Representative, any other Senior Representative or any Senior Secured
Party under the Senior Debt Documents or any assurance of payment in respect thereof, or to resort to such collateral security or other assurances of payment in any particular order, and all of their rights in respect of such collateral security or
any assurance of payment in respect thereof shall be cumulative and in addition to all other rights, however existing or arising. 

SECTION 5.06. When Discharge of Senior Obligations Deemed to Not Have Occurred. If, at any time substantially concurrently with or
after the Discharge of Senior Obligations has occurred, the Borrower or any other Grantor incurs any Senior Obligations (other than in respect of the payment of indemnities surviving the Discharge of Senior Obligations), then the Discharge of Senior
Obligations shall automatically be deemed not to have occurred for all purposes of this Agreement (other than with respect to any actions taken prior to the date of such designation as a result of the occurrence of such first Discharge of Senior
Obligations) and the applicable agreement governing such Senior Obligations shall automatically be treated as a Senior Debt Document for all purposes of this Agreement, including for purposes of the Lien priorities and rights in respect of Shared
Collateral set forth herein and the granting by the Designated Senior Representative of amendments, waivers and consents hereunder, subject to Section 5.03, and the agent, representative or trustee for the holders of such Senior Obligations
shall be a Senior Representative for all purposes of this Agreement. Upon receipt of notice of such incurrence (including the identity of the new Designated Senior Representative), each Junior Representative (including the Designated Junior
Representative) shall promptly (a) enter into such documents and agreements (at the expense of the Borrower), including amendments or supplements to this Agreement, as the Borrower or such new Senior Representative shall reasonably request in
writing in order to provide the new Senior Representative the rights of a Senior Representative contemplated hereby, (b) deliver to the Designated Senior Representative, to the extent that it is legally permitted to do so, all Shared
Collateral, including all proceeds thereof, held or controlled by such Junior Representative or any of its agents or bailees, including the transfer of possession and control, as applicable, of the Pledged or Controlled Collateral, together with any
necessary endorsements and notices to depositary banks, securities intermediaries and commodities intermediaries, and assign its rights under any landlord waiver or bailee’s letter or any similar agreement or arrangement granting it rights or
access to Shared Collateral, (c) notify any applicable insurance carrier that it is no longer entitled to be a loss payee or additional insured under the insurance policies of any Grantor issued by such insurance carrier and (d) notify any
governmental authority involved in any condemnation or similar proceeding involving a Grantor that the new Designated Senior Representative is entitled to approve any awards granted in such proceeding. 

SECTION 5.07. Purchase Right. Without prejudice to the enforcement of the Senior Secured Parties’ remedies, the Senior Secured
Parties agree that (a) at any time prior to the occurrence of a Specified Event of Default under the Senior Debt Documents and (b) on a one-time only basis following

  
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a Specified Event of Default under the Senior Debt Documents (a “Purchase Event”), one or more of the Junior Secured Parties may request in their sole discretion, and the Senior
Secured Parties hereby offer the Junior Secured Parties the option, to purchase all, but not less than all, of the aggregate amount of Senior Obligations outstanding at the time of purchase at par plus any premium that would be applicable upon
prepayment of the Senior Obligations and accrued and unpaid interest, fees, and expenses without warranty or representation or recourse (except for representations and warranties required to be made by assigning lenders pursuant to the Assignment
and Assumption (as such term is defined in the Senior Credit Agreement)) (the “Purchase Right”). Solely in the case of clause (b) above, the Purchase Right must be exercised within 15 calendar days after the later of
(i) the occurrence of such Specified Event of Default and (ii) except with respect to a Specified Event of Default pursuant to clauses (h) or (i) of Article VII of the Senior Credit Agreement, the date of receipt by the Junior
Representative of written notice from the Senior Representative notifying the Junior Representative of the occurrence of such Specified Event of Default; it being understood that if the Purchase Right has not been exercised by the date that is the
end of such period, the Purchase Right shall immediately expire and shall no longer apply, including upon the occurrence of any subsequent Specified Event of Default. If the Purchase Right is exercised, the parties shall endeavor to close promptly
thereafter but in any event within ten (10) Business Days of the request. If one or more of the Junior Secured Parties exercises such purchase right, it shall be exercised pursuant to documentation mutually acceptable to each of the Designated
Senior Representative and the Junior Representatives, it being understood that such documentation shall provide for the survival, on a first-lien secured basis, of any contingent and non-accrued
indemnification and other obligations under the Senior Debt Documents that are expressly stated to survive the termination of such Senior Debt Documents and that relate to acts or omissions occurring prior to or in connection with such purchase.

 ARTICLE VI 

Insolvency or Liquidation Proceedings. 

SECTION 6.01. Financing and Sale Issues. 

(a)        Until the Discharge of Senior Obligations has occurred, if the Borrower or any other
Grantor or any of their Subsidiaries shall be subject to any Insolvency or Liquidation Proceeding and the Designated Senior Representative shall desire to consent (or not object) to, as applicable, the sale, use or lease of cash or other collateral
or to consent (or not object) to the Borrower’s or any other Grantor’s or applicable Subsidiary’s obtaining financing under Section 363 or Section 364 of the Bankruptcy Code or any similar provision of any other Bankruptcy
Law to be secured by the Senior Collateral (“DIP Financing”), then each Junior Representative, for itself and on behalf of each Junior Secured Party under its Junior Debt Facility, agrees that it will (as applicable) raise no
objection to and will not otherwise contest (or support any person in objecting or otherwise contesting) such use of such cash or other collateral or such DIP Financing and, except to the extent permitted by the proviso in clause (ii) of
Section 3.01(a) and Section 6.03, will not request adequate protection or any other relief in connection therewith and, to the extent the Liens securing the Senior Obligations under the Senior Credit Agreement or, if no Senior Credit
Agreement then exists, under the other Senior Debt Documents are subordinated to or pari passu with such DIP Financing, will subordinate (and will be deemed hereunder to have subordinated) its Liens in the Shared Collateral to (x) the Liens
securing such DIP Financing (and all obligations relating thereto) on the same basis as the Liens securing the Junior Obligations are so subordinated to Liens securing Senior Obligations under this Agreement, (y) any adequate protection Liens
provided to the Senior Secured Parties and (z) any “carve-out” for professional and United States Trustee fees agreed to by the Designated Senior Representative, and the Designated Junior
Representative, for itself and on behalf of each Junior Secured Party under its Junior Debt Facility, agrees that notice received two (2) Business Days prior to the entry of an order approving such usage of cash or other collateral or approving
such DIP Financing shall be adequate notice; provided that (i) the principal 

  
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amount of any such DIP Financing (not including any “roll-up” or other refinancing (in an amount not in excess of the then outstanding principal
amount thereof) of Senior Obligations therein) does not exceed the Maximum DIP Amount and (ii) the terms of the DIP Financing do not compel the Borrower or any other Grantor to seek confirmation of a specific Plan of Reorganization (but may
require the filing and consummation of a Plan of Reorganization that results in the Discharge of Senior Obligations). Without the prior written consent of the Designated Senior Representative, no Junior Secured Party may, directly or indirectly,
provide DIP Financing to the Borrower, any Grantor or any of their Subsidiaries (it being understood that this sentence shall not limit the ability of any Junior Secured Party to enter into discussions with the Borrower, any Grantor or any of their
Subsidiaries to propose or provide DIP Financing to the Borrower, any Grantor or any of their Subsidiaries), unless (i) the Senior Secured Parties shall not have made an offer to provide DIP Financing to the Borrower, any Grantor or any of
their Subsidiaries, and (ii) the proceeds of such DIP Financing provided by such Junior Secured Party shall be sufficient to cause, and shall be applied, among other uses, to cause a Discharge of Senior Obligations. 

(b)        Each Junior Representative, for itself and on behalf of each Junior Secured Party under
its Junior Debt Facility, further agrees that it will not object to, contest, or support any other Person in objecting to or contesting (i) any motion for relief from the automatic stay or from any injunction against foreclosure or enforcement
in respect of Senior Obligations with respect to the Senior Collateral made by the Designated Senior Representative, any other Senior Representative or any other Senior Secured Party, (ii) any lawful exercise by any Senior Secured Party of the
right to credit bid Senior Obligations at any sale in foreclosure of Senior Collateral (including, without limitation, pursuant to Section 363(k) of the Bankruptcy Code or any similar provision under any other applicable Bankruptcy Law) or to
exercise any rights under Section 1111(b) of the Bankruptcy Code or any similar provision under any other applicable Bankruptcy Law with respect to the Senior Collateral, (iii) any other request for judicial relief made in any court by any
Senior Secured Party relating to the lawful enforcement of any Lien on Senior Collateral or (iv) any order relating to a sale or other disposition of any or all of the Senior Collateral for which the Designated Senior Representative has
consented that provides, to the extent such sale or other disposition is to be free and clear of Liens, that the Liens securing the Senior Obligations and the Junior Obligations will attach to the proceeds of the sale on the same basis of priority
as the Liens on the Shared Collateral securing the Senior Obligations rank to the Liens on the Shared Collateral securing the Junior Obligations pursuant to this Agreement. 

SECTION 6.02. Relief from the Automatic Stay. Until the Discharge of Senior Obligations has occurred, each Junior Representative, for
itself and on behalf of each Junior Secured Party under its Junior Debt Facility, agrees that none of them shall seek relief from the automatic stay or any other stay in any Insolvency or Liquidation Proceeding or take any action in derogation
thereof, in each case in respect of any Shared Collateral, without the prior written consent of the Designated Senior Representative. 

SECTION 6.03. Adequate Protection. 

(a)        Each Junior Representative, for itself and on behalf of each Junior Secured Party under
its Junior Debt Facility, agrees that none of them shall object, contest or support any other Person objecting to or contesting (a) any request by the Designated Senior Representative, the other Senior Representatives or the Senior Secured
Parties for adequate protection in any form, (b) any objection by the Designated Senior Representative, the other Senior Representatives or the Senior Secured Parties to any motion, relief, action or proceeding based on the Designated Senior
Representative’s or any other Senior Representative’s or Senior Secured Party’s claiming a lack of adequate protection or (c) the allowance and payment of interest, fees, expenses or other amounts of the Designated Senior
Representative, any other Senior Representative or any other Senior Secured Party as adequate protection 

  
 24 

 
or otherwise under Section 506(b) or 506(c) of the Bankruptcy Code or any similar provision of any other Bankruptcy Law. 

(b)        Each Junior Representative, for itself and on behalf of each Junior Secured Party under
its Junior Debt Facility, agrees that none of them may seek or request adequate protection in any form, except as set forth in this Section 6.03(b). In any Insolvency or Liquidation Proceeding, (i) if the Senior Secured Parties (or any
subset thereof) are granted adequate protection in the form of a Lien on additional or replacement collateral and/or a superpriority administrative expense claim in connection with any DIP Financing or use of cash collateral under Section 363
or 364 of the Bankruptcy Code or any similar provision of any other Bankruptcy Law, then each Junior Representative, for itself and on behalf of each Junior Secured Party under its Junior Debt Facility, may seek or request adequate protection in the
form of a Lien on such additional or replacement collateral, which Lien is subordinated to the Liens securing and providing adequate protection for, and claims with respect to, the Senior Obligations and such DIP Financing (and all obligations
relating thereto), in the case of any such Lien, on the same basis as the Liens securing the Junior Obligations are so subordinated to the Liens securing the Senior Obligations under this Agreement and (ii) in the event any Junior
Representatives, for themselves and on behalf of the Junior Secured Parties under their Junior Debt Facilities, seek or request adequate protection and such adequate protection is granted in the form of a Lien on additional or replacement
collateral, then such Junior Representatives, for themselves and on behalf of each Junior Secured Party under their Junior Debt Facilities, agree that the Senior Representatives shall also be granted (as applicable) a senior Lien on such additional
or replacement collateral as security and adequate protection for the Senior Obligations, and that any Lien on such additional or replacement collateral securing or providing adequate protection for the Junior Obligations shall be subordinated to
the Liens on such collateral securing and claims with respect to the Senior Obligations and any such DIP Financing (and all obligations relating thereto) and any other Liens and claims granted to the Senior Secured Parties as adequate protection, in
the case of any such Lien, on the same basis as the other Liens securing the Junior Obligations are so subordinated to such Liens securing Senior Obligations under this Agreement. 

SECTION 6.04. Preference Issues. If any Senior Secured Party is required in any Insolvency or Liquidation Proceeding or otherwise to
disgorge, turn over or otherwise pay any amount to the estate of the Borrower or any other Grantor (or any trustee, receiver or similar Person therefor), because the payment of such amount was declared to be fraudulent or preferential in any respect
or for any other reason, any amount (a “Recovery”), whether received as proceeds of security, enforcement of any right of setoff, recoupment or otherwise, then for all purposes of this Agreement, the Senior Obligations shall be
reinstated to the extent of such Recovery and deemed to be outstanding as if such payment had not occurred. If this Agreement shall have been terminated prior to such Recovery, this Agreement shall be reinstated in full force and effect, and such
prior termination shall not diminish, release, discharge, impair or otherwise affect the obligations of the parties hereto. Each Junior Representative, for itself and on behalf of each Junior Secured Party under its Junior Debt Facility, hereby
agrees that none of them shall be entitled to benefit from any avoidance action affecting or otherwise relating to any distribution or allocation made in accordance with this Agreement, whether by preference or otherwise, it being understood and
agreed that the benefit of such avoidance action otherwise allocable to them shall instead be allocated and turned over for application in accordance with the priorities set forth in this Agreement. 

SECTION 6.05. Separate Grants of Security and Separate Classifications. Each Junior Representative, for itself and on behalf of each
Junior Secured Party under its Junior Debt Facility, acknowledges and agrees that (a) the grants of Liens pursuant to the Senior Collateral Documents and the Junior Collateral Documents constitute separate and distinct grants of Liens,
(b) the Junior Secured Parties’ claims against the Grantors in respect of their Liens on the Shared Collateral constitute junior claims separate and apart (and of a different class) from the senior claims of the Senior Secured Parties

  
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against the Grantors in respect of the Shared Collateral, and (c) because of, among other things, their differing rights in the Shared Collateral, the Junior Obligations are fundamentally
different from the Senior Obligations and must be separately classified in any Plan of Reorganization proposed, confirmed, or adopted in an Insolvency or Liquidation Proceeding. To further effectuate the intent of the parties as provided in the
immediately preceding sentence, if it is held that the claims of the Senior Secured Parties and the Junior Secured Parties in respect of the Shared Collateral constitute only one secured claim (rather than separate classes of senior and junior
secured claims), then each Junior Representative, for itself and on behalf of each Junior Secured Party under its Junior Debt Facility, hereby acknowledges and agrees that all distributions from the Shared Collateral shall be made as if there were
separate classes of senior and junior secured claims against the Grantors in respect of the Shared Collateral (with the effect being that, to the extent that the aggregate value of the Shared Collateral is sufficient (for this purpose ignoring all
claims held by the Junior Secured Parties), the Senior Secured Parties shall be entitled to receive, in addition to amounts distributed to them in respect of principal, pre-petition interest and other claims,
all amounts owing in respect of post-petition interest, fees, and expenses (whether or not allowed or allowable in such Insolvency or Liquidation Proceeding) before any distribution is made from the Shared Collateral in respect of the Junior
Obligations, with each Junior Representative, for itself and on behalf of each Junior Secured Party under its Junior Debt Facility, hereby acknowledging and agreeing to turn over to the Designated Senior Representative amounts otherwise received or
receivable by them from the Shared Collateral to the extent necessary to effectuate the intent of this sentence, even if such turnover has the effect of reducing the claim or recovery of the Junior Secured Parties. This Section 6.05 is intended
to govern the relationship between the classes of claims held by the Junior Secured Parties, on the one hand, and a collective class of claims comprised of the Senior Credit Agreement Secured Parties and any Additional Senior Secured Parties (as
opposed to separate classes of each such series of claims), on the other hand, and, for the avoidance of doubt, nothing set forth herein shall in any way alter or modify the relationship of each series of such separate claims held by the Senior
Secured Parties or otherwise cause such different claims to be combined into one or more classes or otherwise classified in a manner that violates any relevant Intercreditor Agreement. 

SECTION 6.06. No Waivers of Rights of Senior Secured Parties. Nothing contained herein shall, except as expressly provided herein,
prohibit or in any way limit the Designated Senior Representative, any other Senior Representative or any other Senior Secured Party from objecting in any Insolvency or Liquidation Proceeding or otherwise to any action taken by any Junior Secured
Party, including the seeking by any Junior Secured Party of adequate protection or the asserting by any Junior Secured Party of any of its rights and remedies under the Junior Debt Documents or otherwise. 

SECTION 6.07. Application. This Agreement, which the parties hereto expressly acknowledge is a “subordination agreement”
under Section 510(a) of the Bankruptcy Code or any similar provision of any other Bankruptcy Law, shall be effective before, during and after the commencement of any Insolvency or Liquidation Proceeding. The relative rights as to the Shared
Collateral and proceeds thereof shall continue after the commencement of any Insolvency or Liquidation Proceeding on the same basis as prior to the date of the petition therefor, subject to any court order approving the financing of, or use of cash
collateral by, any Grantor. All references herein to any Grantor shall include such Grantor as a debtor-in-possession and any receiver or trustee for such Grantor. 

SECTION 6.08. Other Matters. To the extent that any Junior Representative or any Junior Secured Party has or acquires rights under
Section 363 or Section 364 of the Bankruptcy Code or any similar provision of any other Bankruptcy Law with respect to any of the Shared Collateral, such Junior Representative, on behalf of itself and each Junior Secured Party under its
Junior Debt Facility, agrees not to assert any such rights without the prior written consent of the Designated Senior Representative, provided that if requested by the Designated Senior Representative, such Junior

  
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Representative shall timely exercise such rights in the manner requested by the Designated Senior Representative, including any rights to payments in respect of such rights. 

SECTION 6.09. 506(c) Claims. Until the Discharge of Senior Obligations has occurred, each Junior Representative, on behalf of itself
and each Junior Secured Party under its Junior Debt Facility, agrees that it will not assert or enforce any claim under Section 506(c) of the Bankruptcy Code or any similar provision of any other Bankruptcy Law senior to or on a parity with the
Liens securing the Senior Obligations for costs or expenses of preserving or disposing of any Shared Collateral. 
 SECTION 6.10.
Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, pursuant to a Plan of Reorganization on
account of both the Senior Obligations and the Junior Obligations, then, to the extent the debt obligations distributed on account of the Senior Obligations and on account of the Junior Obligations are secured by Liens upon the same assets or
property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations. 

SECTION 6.11. Post-Petition Interest. None of the Junior Representatives or any other Junior Secured Party shall oppose or seek to
challenge any claim by any Senior Representative or any Senior Secured Party for allowance in any Insolvency or Liquidation Proceeding of Senior Obligations consisting of claims for post-petition interest, fees, costs, expenses, and/or other
charges, under Section 506(b) of the Bankruptcy Code or otherwise (for this purpose ignoring all claims and Liens held by the Junior Secured Parties on the Shared Collateral). 

SECTION 6.12. Voting. No Junior Secured Party shall, without the consent of the Designated Senior Representative, propose, vote in
favor of, or otherwise directly or indirectly support any Plan of Reorganization unless such Plan of Reorganization (a) provides for the Discharge of Senior Obligations in full in cash (including any amounts owing in respect of post-petition
interest, fees, and expenses) or (b) is accepted by the class of holders of Senior Obligations voting thereon in accordance with Section 1126(c) of the Bankruptcy Code. 

ARTICLE VII 

Reliance; etc. 

SECTION 7.01. Reliance. The consent by the Senior Secured Parties to the execution and delivery of the Junior Debt Documents to which
the Senior Secured Parties have consented and all loans and other extensions of credit made or deemed made on and after the date hereof by the Senior Secured Parties to the Borrower or any Subsidiary have been given and made in reliance upon this
Agreement. Each Junior Representative, on behalf of itself and each Junior Secured Party under its Junior Debt Facility, acknowledges that it and such Junior Secured Parties have, independently and without reliance on the Designated Senior
Representative or any other Senior Representative or other Senior Secured Party, and based on documents and information deemed by them appropriate, made their own credit analysis and decision to enter into the Junior Debt Documents to which they are
party or by which they are bound, this Agreement and the transactions contemplated hereby and thereby, and they will continue to make their own credit decision in taking or not taking any action under the Junior Debt Documents or this Agreement.

 SECTION 7.02. No Warranties or Liability. Each Junior Representative, on behalf of itself and each Junior Secured Party under its
Junior Debt Facility, acknowledges and agrees that neither the Designated Senior Representative nor any other Senior Representative or other Secured Party has 

  
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made any express or implied representation or warranty, including with respect to the execution, validity, legality, completeness, collectability or enforceability of any of the Senior Debt
Documents, the ownership of any Shared Collateral or the perfection or priority of any Liens thereon. The Senior Secured Parties will be entitled to manage and supervise their respective loans and extensions of credit under the Senior Debt Documents
in accordance with law and as they may otherwise, in their sole discretion, deem appropriate, and the Senior Secured Parties may manage their loans and extensions of credit without regard to any rights or interests that the Junior Representatives
and the Junior Secured Parties have in the Shared Collateral or otherwise, except as otherwise provided in this Agreement. Neither the Designated Senior Representative nor any other Senior Representative or other Senior Secured Party shall have any
duty to any Junior Representative or Junior Secured Party to act in a manner that will prevent, or refrain from acting in a manner that allows or results in, the occurrence or continuance of an event of default or default under any agreement with
the Borrower or any Subsidiary of the Borrower (including the Junior Debt Documents), regardless of any knowledge thereof that they may have or be charged with. Except as expressly set forth in this Agreement, the Designated Senior Representative,
the other Senior Representatives, the Senior Secured Parties, the Junior Representatives and the Junior Secured Parties have not otherwise made to each other, nor do they hereby make to each other, any warranties, express or implied, nor do they
assume any liability to each other with respect to (a) the enforceability, validity, value or collectability of any of the Senior Obligations, the Junior Obligations or any guarantee or security which may have been granted to any of them in
connection therewith, (b) any Grantor’s title to or right to transfer any of the Shared Collateral or (c) any other matter except as expressly set forth in this Agreement. 

SECTION 7.03. Obligations Unconditional. All rights, interests, agreements and obligations of the Designated Senior Representative,
the other Senior Representatives, the Senior Secured Parties, the Junior Representatives and the Junior Secured Parties hereunder shall remain in full force and effect irrespective of: 

(a)        any lack of validity or enforceability of any Senior Debt Document or any Junior Debt
Document; 
 (b)        any change in the time, manner or place of payment of, or in any other
terms of, all or any of the Senior Obligations or Junior Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any Senior Debt Document
or of the terms of any Junior Debt Document; 
 (c)        any exchange of any security interest in
any Shared Collateral or any other collateral or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the Senior Obligations or Junior Obligations or any guarantee thereof; 

(d)        the commencement of any Insolvency or Liquidation Proceeding in respect of the Borrower or
any other Grantor; or 
 (e)        any other circumstances that otherwise might constitute a
defense available to, or a discharge of, (i) the Borrower or any other Grantor in respect of the Senior Obligations (other than the Discharge of Senior Obligations subject to Sections 5.06 and 6.04) or (ii) any Junior Representative
or Junior Secured Party in respect of this Agreement. 
 ARTICLE VIII 

Miscellaneous 

  
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 SECTION 8.01. Conflicts; ABL/Term Loan Intercreditor Agreement. In the event of any
conflict or inconsistency between (x) the provisions of this Agreement and the provisions of any Senior Debt Document or any Junior Debt Document, the provisions of this Agreement shall govern and (y) the provisions of this Agreement and
the provisions of the ABL/Term Loan Intercreditor Agreement with respect to the ABL Priority Collateral, the ABL/Term Loan Intercreditor Agreement shall govern. Notwithstanding anything herein to the contrary, the exercise of any right or remedy by
any Representative or Secured Party hereunder with respect to ABL Priority Collateral is subject to the terms of the ABL/Term Loan Intercreditor Agreement. 

SECTION 8.02. Continuing Nature of this Agreement; Severability. Subject to Section 6.04, this Agreement shall continue to be
effective until the Discharge of Senior Obligations shall have occurred. This is a continuing agreement of Lien subordination, and the Senior Secured Parties may continue, at any time and without notice to the Junior Representatives or any Junior
Secured Party, to extend credit and other financial accommodations and lend monies to or for the benefit of the Borrower or any other Grantor constituting Senior Obligations in reliance hereon. The terms of this Agreement shall survive and continue
in full force and effect in any Insolvency or Liquidation Proceeding. Any provision of this Agreement held to be invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity,
illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions hereof; and the invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision in any other
jurisdiction. The parties shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or
unenforceable provisions. 
 SECTION 8.03. Amendments; Waivers. 

(a)        No failure or delay on the part of any party hereto in exercising any right or power
hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or further exercise thereof or the
exercise of any other right or power. The rights and remedies of the parties hereto are cumulative and are not exclusive of any rights or remedies that they would otherwise have. No waiver of any provision of this Agreement or consent to any
departure by any party therefrom shall in any event be effective unless the same shall be permitted by paragraph (b) of this Section, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which
given. No notice or demand on any party hereto in any case shall entitle such party to any other or further notice or demand in similar or other circumstances. 

(b)        Neither this Agreement nor any provision hereof may be terminated, waived, amended or
modified (other than pursuant to any Joinder Agreement) except pursuant to an agreement or agreements in writing entered into by each Representative (and with respect to any such termination, waiver, amendment or modification which by the terms of
this Agreement requires the Borrower’s consent or which affects the Borrower or any other Grantor, with the consent of the Borrower). 

(c)        Notwithstanding the foregoing, without the consent of any Secured Party, any
Representative may become a party hereto by execution and delivery of a Joinder Agreement in accordance with Section 8.09 of this Agreement and upon such execution and delivery, such Representative and the Secured Parties and Senior Obligations
or Junior Obligations of the Debt Facility for which such Representative is acting shall be subject to the terms hereof. 

(d)        Notwithstanding the foregoing, without the consent of any other Representative or Secured
Party, the Designated Senior Representative may effect amendments and modifications to this 

  
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Agreement to the extent necessary to reflect any incurrence of any Additional Junior Debt Obligations or Additional Senior Debt Obligations in compliance with the Senior Credit Agreement, the
Junior Credit Agreement, any Additional Senior Debt Documents and any Additional Junior Debt Documents. 
 SECTION 8.04. Information
Concerning Financial Condition of the Borrower and the other Grantors. The Designated Senior Representative, the other Senior Representatives, the Senior Secured Parties, the Junior Representatives and the Junior Secured Parties shall each be
responsible for keeping themselves informed of (a) the financial condition of the Borrower and the other Grantors and all endorsers or guarantors of the Senior Obligations or the Junior Obligations and (b) all other circumstances bearing
upon the risk of nonpayment of the Senior Obligations or the Junior Obligations. The Designated Senior Representative, the other Senior Representatives, the Senior Secured Parties, the Junior Representatives and the Junior Secured Parties shall have
no duty to advise any other party hereunder of information known to it or them regarding such condition or any such circumstances or otherwise. In the event that the Designated Senior Representative, any other Senior Representative, any Senior
Secured Party, any Junior Representative or any Junior Secured Party, in its sole discretion, undertakes at any time or from time to time to provide any such information to any other party, it shall be under no obligation to (i) make, and the
Designated Senior Representative, the other Senior Representatives, the Senior Secured Parties, the Junior Representatives and the Junior Secured Parties shall not make or be deemed to have made, any express or implied representation or warranty,
including with respect to the accuracy, completeness, truthfulness or validity of any such information so provided, (ii) provide any additional information or to provide any such information on any subsequent occasion, (iii) undertake any
investigation or (iv) disclose any information that, pursuant to accepted or reasonable commercial finance practices, such party wishes to maintain confidential or is otherwise required to maintain confidential. 

SECTION 8.05. Subrogation. Each Junior Representative, on behalf of itself and each Junior Secured Party under its Junior Debt
Facility, hereby agrees not to assert any rights of subrogation it may acquire as a result of any payment hereunder until the Discharge of Senior Obligations has occurred. 

SECTION 8.06. Application of Payments. Except as otherwise provided herein, all payments received by the Senior Secured Parties may be
applied, reversed and reapplied, in whole or in part, to such part of the Senior Obligations as the Senior Secured Parties, in their sole discretion, deem appropriate, consistent with the terms of the Senior Debt Documents. Except as otherwise
provided herein, each Junior Representative, on behalf of itself and each Junior Secured Party under its Junior Debt Facility, assents to any such extension or postponement of the time of payment of the Senior Obligations or any part thereof and to
any other indulgence with respect thereto, to any substitution, exchange or release of any security that may at any time secure any part of the Senior Obligations and to the addition or release of any other Person primarily or secondarily liable
therefor. 
 SECTION 8.07. Additional Grantors. The Borrower agrees that, if any Subsidiary of the Borrower shall become a Grantor
after the date hereof, it will promptly cause such Subsidiary to become party hereto by executing and delivering an instrument in the form of Annex II. Upon such execution and delivery, such Subsidiary will become a Grantor hereunder with the same
force and effect as if originally named as a Grantor herein. The execution and delivery of such instrument shall not require the consent of any other party hereunder, and will be acknowledged by the Designated Senior Representative. The rights and
obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor as a party to this Agreement. 

SECTION 8.08. Dealings with Grantors. Upon any application or demand by the Borrower or any other Grantor to the Designated Senior
Representative or the Designated Junior Representative to take or permit any action under any of the provisions of this Agreement or under any Collateral Document (if such action is subject to the provisions hereof), at the request of such

  
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Representative, such Borrower or such Grantor, as appropriate, shall furnish to the Designated Junior Representative or the Designated Senior Representative a certificate of an appropriate
officer ( an “Officer’s Certificate”) stating that all conditions precedent, if any, provided for in this Agreement or such Collateral Document, as the case may be, relating to the proposed action have been complied with,
except that in the case of any such application or demand as to which the furnishing of such documents is specifically required by any provision of this Agreement or any Collateral Document relating to such particular application or demand, no
additional certificate or opinion need be furnished. 
 SECTION 8.09. Additional Debt Facilities. To the extent, but only to the
extent, permitted by the provisions of the then extant Senior Debt Documents and the Junior Debt Documents and this Agreement, the Borrower may incur or issue and sell one or more series or classes of Additional Junior Debt and one or more
series or classes of Additional Senior Debt. Any such additional class or series of Additional Junior Debt (the “Junior Class Debt”) may be secured by a junior priority, subordinated Lien on Shared Collateral, in
each case under and pursuant to the Junior Collateral Documents for such Junior Class Debt, if and subject to the condition that the Representative of any such Junior Class Debt (each, a “Junior Class Debt
Representative”), acting on behalf of the holders of such Junior Class Debt (such Representative and holders in respect of any such Junior Class Debt being referred to as the “Junior Class Debt
Parties”), becomes a party to this Agreement by satisfying the conditions set forth in clauses (i) through (v), as applicable, of the immediately succeeding paragraph. Any such additional class or series of Additional Senior Debt (the
“Senior Class Debt”; and the Senior Class Debt and Junior Class Debt, collectively, the “Class Debt”) may be secured by a senior Lien on Shared Collateral, in each
case under and pursuant to the Senior Collateral Documents, if and subject to the condition that the Representative of any such Senior Class Debt (each, a “Senior Class Debt Representative”; and the Senior
Class Debt Representatives and Junior Class Debt Representatives, collectively, the “Class Debt Representatives”), acting on behalf of the holders of such Senior Class Debt (such Representative and
holders in respect of any such Senior Class Debt being referred to as the “Senior Class Debt Parties”; and the Senior Class Debt Parties and Junior Class Debt Parties, collectively, the
“Class Debt Parties”), becomes a party to this Agreement by satisfying the conditions set forth in clauses (i) through (v), as applicable, of the immediately succeeding paragraph. In order for a
Class Debt Representative to become a party to this Agreement: 

(i)        such Class Debt Representative shall have executed and delivered a
Joinder Agreement to the Designated Senior Representative and the Designated Junior Representative substantially in the form of Annex III (if such Representative is a Junior Class Debt Representative) or Annex IV (if such Representative is a
Senior Class Debt Representative) (with such changes as may be reasonably approved by the Designated Senior Representative and such Class Debt Representative) pursuant to which it becomes a Representative hereunder, and the Class Debt
in respect of which such Class Debt Representative is the Representative and the related Class Debt Parties become subject hereto and bound hereby; 

(ii)        the Borrower shall have delivered to the Designated Senior Representative
and the Designated Junior Representative true and complete copies of each of the Junior Debt Documents or Senior Debt Documents, as applicable, relating to such Class Debt, certified as being true and correct by a Responsible Officer of the
Borrower; 
 (iii)        in the case of any Junior Class Debt, all filings,
recordations and/or amendments or supplements to the Junior Collateral Documents necessary to confirm and perfect the junior priority Liens securing the relevant Junior Obligations relating to such Class Debt shall have been made, executed
and/or delivered (or, with respect to any such filings or recordations, acceptable provisions to perform such filings or recordings have been taken in the reasonable judgment of the Designated Junior Representative), and all fees and taxes in
connection therewith 

  
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shall have been paid (or acceptable provisions to make such payments have been taken in the reasonable judgment of the Designated Senior Representative); 

(iv)        the Borrower shall have delivered to the Designated Senior Representative
and the Designated Junior Representative an Officer’s Certificate stating that such Additional Senior Debt Obligations or Additional Junior Debt Obligations are permitted by each applicable Senior Debt Document and Junior Debt Document to be
incurred, or to the extent a consent is otherwise required to permit the incurrence of such Additional Senior Debt Obligations or Additional Junior Debt Obligations under any applicable Senior Debt Document and Junior Debt Document, each Grantor has
obtained the requisite consent; and 
 (v)        the Junior Debt Documents or
Senior Debt Documents, as applicable, relating to such Class Debt shall provide, in a manner reasonably satisfactory to the Designated Senior Representative, that each Class Debt Party with respect to such Class Debt will be subject
to and bound by the provisions of this Agreement in its capacity as a holder of such Class Debt. 
 SECTION 8.10. Consent to
Jurisdiction; Waivers. The Designated Senior Representative and each other Representative, on behalf of itself and the Secured Parties of the Debt Facility for which it is acting, irrevocably and unconditionally: 

(a)        submits for itself and its property in any legal action or proceeding relating to this
Agreement, or for recognition and enforcement of any judgment in respect thereof, to the exclusive jurisdiction of the courts of the State of New York sitting in New York County, the courts of the United States of America for the Southern District
of New York, and appellate courts from any thereof; 
 (b)        consents that any such action or
proceeding may be brought in such courts and waives any objection that it may now or hereafter have to the venue of any such action or proceeding in any such court or that such action or proceeding was brought in an inconvenient court and agrees not
to plead or claim the same; 
 (c)        agrees that service of process in any such action or
proceeding may be effected by mailing a copy thereof by registered or certified mail (or any substantially similar form of mail), postage prepaid, to such Person (or its Representative) at the address referred to in Section 8.11; 

(d)        agrees that nothing herein shall affect the right of any other party hereto (or any
Secured Party) to effect service of process in any other manner permitted by law or shall limit the right of any party hereto (or any Secured Party) to enforce any judgment obtained in a court referred to in the preceding clause (a) in any
other jurisdiction; and 
 (e)        waives, to the maximum extent not prohibited by law, any
right it may have to claim or recover in any legal action or proceeding referred to in this Section 8.10 any special, exemplary, punitive or consequential damages. 

SECTION 8.11. Notices. All notices, requests, demands and other communications provided for or permitted hereunder shall be in writing
and shall be sent: 
 (i)        if to the Borrower or any other Grantor, to
Horizon Global Corporation at 2600 West Big Beaver Rd., Suite 555, Troy, MI 48084, Attention of Jay Goldbaum, Legal Director (Telephone No. (248) 593-8838, Telecopy No. (248)
203-6434); 

  
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 (ii)        if to the Senior
Collateral Agent, to JPMorgan Chase Bank, N.A., 10 South Dearborn, Floor 7, Chicago, Illinois 60603, Attention: Joyce King, Telecopy: 888-292-9533, with a copy to
Simpson Thacher & Bartlett LLP, 425 Lexington Avenue, New York, NY 10017, Attention: Jessica Tchinsky; and Email: jtuchinsky@stblaw.com; 
 (iii)        if to the Junior
Collateral Agent, to: Cortland Capital Market Services LLC, 225 W. Washington St., 9th Floor, Chicago, Illinois 60606 Attention of Legal Department and Frances Real (Telecopy: (312) 376-0751, Telephone: (312) 564-5100, Email: legal@cortlandglobal.com and CPCAgency@cortlandglobal.com), with a copy (which shall not constitute notice) to Holland & Knight LLP, 131 South Dearborn Street, 30th Floor, Chicago, IL 60603
Attention of Joshua M. Spencer (Telecopy: (312) 578-6666, Telephone: (312) 928-6033, Email: Joshua.Spencer@hklaw.com); and 

(iv)        if to any other Representative, to it at the address specified by it in
the Joinder Agreement delivered by it pursuant to Section 8.09. 
 Any party hereto may change its address, fax number or email address for notices and
other communications hereunder by notice to the other parties hereto. Unless otherwise specifically provided herein, any notice or other communication herein required or permitted to be given shall be in writing, may be personally served, telecopied
or sent by courier service or U.S. mail and shall be deemed to have been given when delivered in person or by courier service, upon receipt of a telecopy or upon receipt via U.S. mail (registered or certified, with postage prepaid and properly
addressed). For the purposes hereof, the addresses of the parties hereto shall be as set forth above or, as to each party, at such other address as may be designated by such party in a written notice to all of the other parties. If and to the extent
agreed to in writing among the Designated Senior Representative any other Representative from time to time, notices and other communications may also be delivered to any person so agreeing by e-mail to the e-mail address provided from time to time by such person. 
 SECTION 8.12. Further Assurances.
Each Senior Representative, on behalf of itself and each Senior Secured Party under its Senior Debt Facility, and each Junior Representative, on behalf of itself and each Junior Secured Party under its Junior Debt Facility, agrees that it will take
such further action and shall execute and deliver such additional documents and instruments (in recordable form, if requested) as the other parties hereto may reasonably request to effectuate the terms of, and the Lien priorities contemplated by,
this Agreement. 
 SECTION 8.13. GOVERNING LAW; WAIVER OF JURY TRIAL. 

(a)        THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE
LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO THE PRINCIPLES OF CONFLICTS OF LAWS, EXCEPT AS REQUIRED BY MANDATORY PROVISIONS OF LAW. 

(b)        EACH PARTY HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES TRIAL BY JURY IN ANY LEGAL
ACTION OR PROCEEDING RELATING TO THIS AGREEMENT AND FOR ANY COUNTERCLAIM THEREIN. 
 SECTION 8.14. Parties in Interest. This
Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns, as well as the other Secured Parties, all of whom are intended to be bound by, and to be third party beneficiaries of, this
Agreement. No other Person shall have or be entitled to assert rights or benefits hereunder. 

  
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 SECTION 8.15. Headings. Article, Section and Annex headings used herein are for
convenience of reference only, are not part of this Agreement and are not to affect the construction of, or to be taken into consideration in interpreting, this Agreement. 

SECTION 8.16. Counterparts. This Agreement may be executed in counterparts, each of which shall constitute an original but all of
which when taken together shall constitute a single contract. Delivery of an executed signature page to this Agreement by facsimile or other electronic transmission shall be as effective as delivery of a manually signed counterpart of this
Agreement. 
 SECTION 8.17. Authorization. By its signature, each Person executing this Agreement on behalf of a party hereto
represents and warrants to the other parties hereto that it is duly authorized to execute this Agreement. The Senior Collateral Agent represents and warrants that this Agreement is binding upon the Senior Credit Agreement Secured Parties. The Junior
Collateral Agent represents and warrants that this Agreement is binding upon the Junior Credit Agreement Secured Parties. Each Additional Senior Agent and Additional Junior Agent represents and warrants that this Agreement is binding upon the
Additional Senior Secured Parties or Additional Junior Secured Parties for which it is acting as an agent. 
 SECTION 8.18. Provisions
Solely to Define Relative Rights. The lien priorities set forth in this Agreement and the rights and benefits hereunder in respect of such lien priorities shall inure solely to the benefit of the Designated Senior Representative, the other
Senior Representatives, the Senior Secured Parties, the Junior Representatives and the Junior Secured Parties, and their respective permitted successors and assigns, and no other Person (including the Grantors, or any trustee, receiver, debtor in
possession or bankruptcy estate in a bankruptcy or like proceeding) shall have or be entitled to assert such rights. Nothing in this Agreement is intended to or shall impair the obligations of any Grantor, which are absolute and unconditional, to
pay the Secured Obligations as and when the same shall become due and payable in accordance with their terms. 
 SECTION 8.19.
Effectiveness. This Agreement shall become effective when executed and delivered by the parties hereto. 
 SECTION 8.20. Senior
Collateral Agent and Junior Collateral Agent. It is understood and agreed that (a) the Senior Collateral Agent is entering into this Agreement in (i) its capacities as administrative agent and collateral agent under the Senior Credit
Agreement and the provisions of Article VIII of the Senior Credit Agreement applicable to it as administrative agent and collateral agent thereunder shall also apply to it as Designated Senior Representative hereunder and (ii) its capacity as
Senior Collateral Agent under any relevant Intercreditor Agreement (if applicable) and (b) the Junior Collateral Agent is entering in this Agreement in its capacity as administrative agent and collateral agent under the Junior Credit Agreement
Loan Documents and the provisions of Article VIII of the Junior Credit Agreement applicable to the administrative agent and collateral agent thereunder shall also apply to the Junior Collateral Agent hereunder. 

For the avoidance of doubt, the parties hereto acknowledge that in no event shall the Senior Collateral Agent or the Junior Collateral Agent
be responsible or liable for special, indirect, or consequential damages of any kind whatsoever (including, but not limited to, damages for loss of profit) irrespective of whether any such party has been advised of the likelihood of such damages and
regardless of the form of action. 
 SECTION 8.21. Relative Rights. Except to the extent expressly contemplated herein, nothing in
this Agreement is intended to or will (a) amend, waive or otherwise modify the provisions of any Senior Debt Documents or any Junior Debt Documents, or permit the Borrower or any other Grantor 

  
 34 

 
to take any action, or fail to take any action, to the extent such action or failure would otherwise constitute a breach of, or default under, any Senior Debt Documents or any Junior Debt
Documents, (b) change the relative priorities of the Senior Obligations or the Liens granted under the Senior Collateral Documents on the Shared Collateral (or any other assets) as among the Senior Secured Parties, (c) otherwise change the
relative rights of the Senior Secured Parties in respect of the Shared Collateral as among such Senior Secured Parties or (d) obligate the Borrower or any other Grantor to take any action, or fail to take any action, that would otherwise
constitute a breach of, or default under, any Senior Debt Document or any Junior Debt Document. 
 SECTION 8.22. Survival of
Agreement. All covenants, agreements, representations and warranties made by any party in this Agreement shall be considered to have been relied upon by the other parties hereto and shall survive the execution and delivery of this Agreement.

 SECTION 8.23. Integration. This Agreement together with the other Senior Debt Documents and Junior Debt Documents represents the
entire agreement of each of the Grantors and the Senior Secured Parties with respect to the subject matter hereof and there are no promises, undertakings, representations or warranties by any Grantor, any Representative or any other Secured Party
relative to the subject matter hereof not expressly set forth or referred to herein or in the other Senior Debt Documents or Junior Debt Documents. 

[Remainder of page intentionally left blank] 

  
 35 

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

					
		 	    JPMORGAN CHASE BANK, N.A.,
		 	     as Senior Collateral Agent and Designated Senior

    Representative

			
		 	By:	 	 /s/ Krys Szremski

		 		 	
		 		 	Name:   Krys Szremski
		 		 	Title:     Executive Director

					
		 	CORTLAND CAPITAL MARKET SERVICES LLC, as Junior Collateral Agent and Designated Junior Representative,
			
		 	By:	 	 /s/ Emily Ergang Pappas

		 	        	 	
		 		 	Name: Emily Ergang Pappas
		 		 	Title: Associate Counsel

  
 [Signature Page to Term
Intercreditor Agreement] 

					
		 	 HORIZON GLOBAL CORPORATION, as Borrower

			
		 	 By:
	  	 /s/ Brian
Whittman                                        
                  

		 		  	 Name: Brian Whittman

		 		  	 Title: Vice President, Finance

		
		 	 HORIZON GLOBAL COMPANY LLC, as a Grantor

			
		 	 By:
	  	 /s/ Brian Whittman

		 		  	 Name: Brian Whittman

		 		  	 Title: Vice President, Finance

		
		 	 HORIZON GLOBAL AMERICAS INC., as a Grantor

			
		 	 By:
	  	 /s/ Brian Whittman

		 		  	 Name: Brian Whittman

		 		  	 Title: Vice President, Finance

		
		 	 HORIZON INTERNATIONAL HOLDINGS LLC, as a Grantor

			
		 	 By:
	  	 /s/ Brian Whittman

		 		  	 Name: Brian Whittman

		 		  	 Title: Vice President, Finance

		
		 	 CEQUENT UK LIMITED, a company incorporated in England and Wales with company number 08081641, as a
Grantor

			
		 	 By:
	  	 /s/ Jay
Goldbaum                                        
            

		 	 Name:  Jay Goldbaum

		 	 Title:  Director

  
 [Signature Page to Term
Intercreditor Agreement] 

					
		 	 CEQUENT TOWING PRODUCTS OF CANADA LTD., a company formed under the laws of the Province of Ontario, as a
Grantor

			
		 	 By:
	  	 /s/ Jay
Goldbaum                                        

		 	 Name:  Jay Goldbaum

		 	 Title:  Vice President and Secretary

		
		 	 CEQUENT NEDERLAND HOLDINGS B.V., a company formed under the laws of the Netherlands, as a
Grantor

			
		 	 By:
	  	 /s/ Jay
Goldbaum                                        

		 	 Name:  Jay Goldbaum

		 	 Title:  Director

		
		 	 CEQUENT MEXICO HOLDINGS B.V.,

		 	 a company formed under the laws of the Netherlands, as a Grantor

			
		 	 By:
	  	 /s/ Jay
Goldbaum                                        

		 	 Name:  Jay Goldbaum

		 	 Title:  Director

		
		 	 CEQUENT SALES COMPANY DE MEXICO, S. DE R.L. de C.V., a limited liability company formed under the laws
of Mexico, as a Grantor

			
		 	 By:
	  	 /s/ Jay
Goldbaum                                        

		 	 Name:  Jay Goldbaum

		 	 Title:  Vice President and Director

		
		 	 CEQUENT ELECTRICAL PRODUCTS DE MEXICO, S. DE R.L. de C.V., a limited liability company formed under the
laws of Mexico, as a Grantor

			
		 	 By:
	  	 /s/ Jay
Goldbaum                                        

		 	 Name:  Jay Goldbaum

		 	 Title:  Vice President and Director

  
 [Signature Page to Term
Intercreditor Agreement] 

 ANNEX I 

Grantors 
  

			
	 	 
	
Name
  
	 	 Jurisdiction of Organization

 

	 	 	 
	 	 
	
Horizon Global Corporation
	 	Delaware
	 	 
	
Horizon Global Company LLC
	 	Delaware
	 	 
	
Horizon Global Americas Inc.
	 	Delaware
	 	 
	
Horizon International Holdings LLC
	 	Delaware

 ANNEX II 

SUPPLEMENT NO. [    ] dated as of [            ],
20[    ], to the TERM INTERCREDITOR AGREEMENT dated as of March 15, 2019 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Term Intercreditor
Agreement”), among Horizon Global Corporation, a Delaware limited liability company (the “Borrower”); the other Grantors (as defined below) party hereto; JPMorgan Chase Bank, N.A., as collateral agent for the Senior Credit
Agreement Secured Parties (as defined below) (in such capacity and together with its successors in such capacity, the “Senior Collateral Agent”); CORTLAND CAPITAL MARKET SERVICES LLC, as collateral agent for the Junior Credit
Agreement Secured Parties (as defined below) (in such capacity and together with its successors in such capacity, the “Junior Collateral Agent”); and each Additional Senior Agent (as defined below) and each Additional Junior Agent
(as defined below) that from time to time becomes a party thereto. 
 Capitalized terms used and not otherwise defined herein have the
meanings assigned to them in the Term Intercreditor Agreement. 
 The Grantors have entered into the Term Intercreditor Agreement. Pursuant
to certain Senior Debt Documents and certain Junior Debt Documents, certain newly acquired or organized Restricted Subsidiaries of Holdings are required to enter into the Term Intercreditor Agreement. Section 8.07 of the Term Intercreditor
Agreement provides that such Restricted Subsidiaries may become parties to the Term Intercreditor Agreement by execution and delivery of an instrument in the form of this Supplement. The undersigned Restricted Subsidiary (the “New
Grantor”) is executing this Supplement in accordance with the requirements of the Senior Credit Agreement, the Junior Credit Agreement, the Additional Junior Debt Documents and the Additional Senior Debt Documents. 

Accordingly, the Designated Senior Representative and the New Grantor agree as follows: 

SECTION 1.    In accordance with Section 8.07 of the Term Intercreditor Agreement, the New Grantor by its signature
below becomes a Grantor under the Term Intercreditor Agreement with the same force and effect as if originally named therein as a Grantor, and the New Grantor hereby agrees to all the terms and provisions of the Term Intercreditor Agreement
applicable to it as a Grantor thereunder. Each reference to a “Grantor” in the Term Intercreditor Agreement shall be deemed to include the New Grantor. The Term Intercreditor Agreement is hereby incorporated herein by reference. 

SECTION 2.    The New Grantor represents and warrants to the Designated Senior Representative and the other Secured
Parties that this Supplement has been duly authorized, executed and delivered by it and constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms, except as such enforceability may be limited by
Bankruptcy Laws and by general principles of equity. 
 SECTION 3.    This Supplement may be executed in counterparts,
each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Supplement shall become effective when the Designated Senior Representative shall have received a counterpart of this
Supplement that bears the signature of the New Grantor. Delivery of an executed signature page to this Supplement by facsimile transmission or other electronic method shall be as effective as delivery of a manually signed counterpart of this
Supplement. 

 SECTION 4.    Except as expressly supplemented hereby, the Term
Intercreditor Agreement shall remain in full force and effect. 
 SECTION 5.    THIS SUPPLEMENT SHALL BE GOVERNED BY,
AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
 SECTION 6.    In case any one or more of the
provisions contained in this Supplement should be held invalid, illegal or unenforceable in any respect, no party hereto shall be required to comply with such provision for so long as such provision is held to be invalid, illegal or unenforceable,
but the validity, legality and enforceability of the remaining provisions contained herein and in the Term Intercreditor Agreement shall not in any way be affected or impaired. The parties hereto shall endeavor in good-faith negotiations to replace
the invalid, illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 

SECTION 7.    All communications and notices hereunder shall be in writing and given as provided in Section 8.11 of
the Term Intercreditor Agreement. All communications and notices hereunder to the New Grantor shall be given to it in care of the Borrower as specified in the Term Intercreditor Agreement. 

SECTION 8.    The Borrower agrees to reimburse the Designated Senior Representative for its reasonable out-of-pocket expenses in connection with this Supplement, including the reasonable fees, other charges and disbursements of counsel for the Designated Senior Representative
as required by the applicable Senior Debt Documents. 

 IN WITNESS WHEREOF, the New Grantor, and the Designated Senior Representative have duly
executed this Supplement to the Term Intercreditor Agreement as of the day and year first above written. 
  

			
	[NAME OF NEW GRANTOR],
		
	By:	 	  

		 	Name:
		 	Title:

  

			
	Acknowledged by:
	
	[                    ], as Designated Senior Representative,
		
	By:	 	                                     
                                 
		 	Name:
		 	Title:

 ANNEX III 

[FORM OF] JOINDER NO. [    ] dated as of [            ],
20[    ] to the TERM INTERCREDITOR AGREEMENT dated as of March 15, 2019 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Term Intercreditor Agreement”),
among Horizon Global Corporation, a Delaware limited liability company (the “Borrower”); the other Grantors (as defined below) party hereto; JPMORGAN CHASE BANK, N.A., as collateral agent for the Senior Credit Agreement Secured
Parties (as defined below) (in such capacity and together with its successors in such capacity, the “Senior Collateral Agent”); CORTLAND CAPITAL MARKET SERVICES LLC, as collateral agent for the Junior Credit Agreement Secured
Parties (as defined below) (in such capacity and together with its successors in such capacity, the “Junior Collateral Agent”); and each Additional Senior Agent (as defined below) and each Additional Junior Agent (as defined below)
that from time to time becomes a party thereto. 
 Capitalized terms used herein but not otherwise defined herein shall have the meanings
assigned to such terms in the Term Intercreditor Agreement. 
 As a condition to the ability of the Borrower to incur Junior
Class Debt after the date of the First Lien/Secured Lien Intercreditor Agreement and to secure such Junior Class Debt with a Lien pari passu with the Lien securing the existing Junior Debt Facilities and to have such Junior
Class Debt guaranteed by the Grantors, in each case under and pursuant to the Junior Collateral Documents, the Junior Class Representative in respect of such Junior Class Debt is required to become a Representative under, and such
Junior Class Debt and the Junior Class Debt Parties in respect thereof are required to become subject to and bound by, the Term Intercreditor Agreement. Section 8.09 of the Term Intercreditor Agreement provides that such Junior
Class Debt Representative may become a Representative under, and such Junior Class Debt and such Junior Class Debt Parties may become subject to and bound by, the Term Intercreditor Agreement pursuant to the execution and delivery by
the Junior Class Debt Representative of an instrument in the form of this Joinder and the satisfaction of the other conditions set forth in Section 8.09 of the Term Intercreditor Agreement. The undersigned Junior Class Debt
Representative (the “New Representative”) is executing this Joinder in accordance with the requirements of the Senior Debt Documents and the Junior Debt Documents. 

Accordingly, the Designated Senior Representative and the New Representative agree as follows: 

SECTION 1.    In accordance with Section 8.09 of the Term Intercreditor Agreement, the New Representative by its
signature below becomes a Representative under, and the related Junior Class Debt and Junior Class Debt Parties become subject to and bound by, the Term Intercreditor Agreement with the same force and effect as if the New Representative
had originally been named therein as a Representative, and the New Representative, on behalf of itself and such Junior Class Debt Parties, hereby agrees to all the terms and provisions of the Term Intercreditor Agreement applicable to it as a
Junior Representative and to the Junior Class Debt Parties that it represents as Junior Secured Parties. Each reference to a “Representative,” “Junior Representative” or “Additional Junior
Agent” in the Term Intercreditor Agreement shall be deemed to include the New Representative. The Term Intercreditor Agreement is hereby incorporated herein by reference. 

SECTION 2.    The New Representative represents and warrants to the Designated Senior Representative and the other
Secured Parties that (i) it has full power and authority to enter into this Joinder, in its capacity as [agent] [trustee] under [describe new Junior Debt Facility], (ii) this Joinder has been duly authorized, executed and delivered by it
and constitutes its legal, valid and binding 

 
obligation, enforceable against it in accordance with the terms of such Agreement and (iii) the Junior Debt Documents relating to such Junior Class Debt provide that, upon the New
Representative’s entry into this Agreement, the Junior Class Debt Parties in respect of such Junior Class Debt will be subject to and bound by the provisions of the Term Intercreditor Agreement as Junior Secured Parties. 

SECTION 3.    This Joinder may be executed in counterparts, each of which shall constitute an original, but all of which
when taken together shall constitute a single contract. This Joinder shall become effective when the Designated Senior Representative shall have received a counterpart of this Joinder that bears the signature of the New Representative. Delivery of
an executed signature page to this Joinder by facsimile transmission (or other electronic method) shall be effective as delivery of a manually signed counterpart of this Joinder. 

SECTION 4.    Except as expressly supplemented hereby, the Term Intercreditor Agreement shall remain in full force and
effect. 
 SECTION 5.    THIS JOINDER SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF
NEW YORK. 
 SECTION 6.    In case any one or more of the provisions contained in this Joinder should be held invalid,
illegal or unenforceable in any respect, no party hereto shall be required to comply with such provision for so long as such provision is held to be invalid, illegal or unenforceable, but the validity, legality and enforceability of the remaining
provisions contained herein and in the Term Intercreditor Agreement shall not in any way be affected or impaired. The parties hereto shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid
provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 
 SECTION
7.    All communications and notices hereunder shall be in writing and given as provided in Section 8.11 of the Term Intercreditor Agreement. All communications and notices hereunder to the New Representative shall be given
to it at the address set forth below its signature hereto. 
 SECTION 8.    The Borrower agrees to reimburse the
Designated Senior Representative for its reasonable out-of-pocket expenses in connection with this Joinder, including the reasonable fees, other charges and
disbursements of counsel for the Designated Senior Representative as required by the applicable Senior Debt Documents. 

 IN WITNESS WHEREOF, the New Representative and the Designated Senior Representative have
duly executed this Joinder to the Term Intercreditor Agreement as of the day and year first above written. 
  

			
	[NAME OF NEW REPRESENTATIVE], as
	[                      ] for the holders of
	[                              ],
		
	By:	 	
                     
                                        

		 	Name:
		 	Title:
	
	Address for notices:
	
	  

	
	  

	
	attention of:                                 
                                    
	
	Telecopy:                                  
                                       
	
	[                              ],
	as Designated Senior Representative,
		
	By:	 	
                     
                                        

		 	Name:
		 	Title:

 Acknowledged by: 
  

					
		 	HORIZON GLOBAL CORPORATION, as Borrower
			
		 	By:	 	
                     
                    

		 		 	Name:
		 		 	Title:
		
		 	HORIZON GLOBAL COMPANY LLC, as a Grantor
			
		 	By:	 	
                     
                    

		 		 	Name:
		 		 	Title:
		
		 	HORIZON GLOBAL AMERICAS INC., as a Grantor
			
		 	By:	 	
                     
                    

		 		 	Name:
		 		 	Title:
		
		 	HORIZON INTERNATIONAL HOLDINGS LLC, as a Grantor
			
		 	By:	 	
                     
                    

		 		 	Name:
		 		 	Title:

 Schedule I to the 

Joinder to the 
 Term Intercreditor
Agreement 
 Grantors 

[                    ] 

 ANNEX IV 

[FORM OF] JOINDER NO. [    ] dated as of [            ],
20[    ] to the TERM INTERCREDITOR AGREEMENT dated as of March 15, 2019 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Term Intercreditor Agreement”),
among Horizon Global Corporation, a Delaware limited liability company (the “Borrower”); the other Grantors (as defined below) party hereto; JPMorgan Chase Bank, N.A., as collateral agent for the Senior Credit Agreement Secured
Parties (as defined below) (in such capacity and together with its successors in such capacity, the “Senior Collateral Agent”); CORTLAND CAPITAL MARKET SERVICES LLC, as collateral agent for the Junior Credit Agreement Secured
Parties (as defined below) (in such capacity and together with its successors in such capacity, the “Junior Collateral Agent”); and each Additional Senior Agent (as defined below) and each Additional Junior Agent (as defined below)
that from time to time becomes a party thereto. 
 Capitalized terms used herein but not otherwise defined herein shall have the meanings
assigned to such terms in the Term Intercreditor Agreement. 
 As a condition to the ability of the Borrower to incur Senior
Class Debt after the date of the Second Lien Intercreditor Agreement and to secure such Senior Class Debt with the Senior Lien and to have such Senior Class Debt guaranteed by the Grantors, in each case under and pursuant to the
Senior Collateral Documents, the Senior Class Debt Representative in respect of such Senior Class Debt is required to become a Representative under, and such Senior Class Debt and the Senior Class Debt Parties in respect thereof
are required to become subject to and bound by, the Term Intercreditor Agreement. Section 8.09 of the Term Intercreditor Agreement provides that such Senior Class Debt Representative may become a Representative under, and such Senior
Class Debt and such Senior Class Debt Parties may become subject to and bound by, the Term Intercreditor Agreement, pursuant to the execution and delivery by the Senior Class Debt Representative of an instrument in the form of this
Joinder and the satisfaction of the other conditions set forth in Section 8.09 of the Term Intercreditor Agreement. The undersigned Senior Class Debt Representative (the “New Representative”) is executing this Supplement
in accordance with the requirements of the Senior Debt Documents and the Junior Debt Documents. 
 Accordingly, the Designated Senior
Representative and the New Representative agree as follows: 
 SECTION 1.    In accordance with Section 8.09 of
the Term Intercreditor Agreement, the New Representative by its signature below becomes a Representative under, and the related Senior Class Debt and Senior Class Debt Parties become subject to and bound by, the Term Intercreditor
Agreement with the same force and effect as if the New Representative had originally been named therein as a Representative, and the New Representative, on behalf of itself and such Senior Class Debt Parties, hereby agrees to all the terms and
provisions of the Term Intercreditor Agreement applicable to it as a Senior Representative and to the Senior Class Debt Parties that it represents as Senior Debt Parties. Each reference to a “Representative,” “Senior
Representative” or “Additional Senior Agent” in the Term Intercreditor Agreement shall be deemed to include the New Representative. The Term Intercreditor Agreement is hereby incorporated herein by reference. 

SECTION 2.    The New Representative represents and warrants to the Designated Senior Representative and the other
Secured Parties that (i) it has full power and authority to enter into this Joinder, in its capacity as [agent] [trustee] under [describe new Senior Debt Facility], (ii) this Joinder has been duly authorized, executed and delivered by it
and constitutes its legal, valid and binding obligation, enforceable against it in accordance with the terms of such Agreement and (iii) the Senior 

 
Debt Documents relating to such Senior Class Debt provide that, upon the New Representative’s entry into this Agreement, the Senior Class Debt Parties in respect of such Senior
Class Debt will be subject to and bound by the provisions of the Term Intercreditor Agreement as Senior Secured Parties. 
 SECTION
3.    This Joinder may be executed in counterparts, each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Joinder shall become effective when the Designated
Senior Representative shall have received a counterpart of this Joinder that bears the signature of the New Representative. Delivery of an executed signature page to this Joinder by facsimile transmission shall be effective as delivery of a manually
signed counterpart of this Joinder. 
 SECTION 4.    Except as expressly supplemented hereby, the Term Intercreditor
Agreement shall remain in full force and effect. 
 SECTION 5.    THIS JOINDER SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
 SECTION 6.    In case any one or more of the provisions
contained in this Joinder should be held invalid, illegal or unenforceable in any respect, no party hereto shall be required to comply with such provision for so long as such provision is held to be invalid, illegal or unenforceable, but the
validity, legality and enforceability of the remaining provisions contained herein and in the Term Intercreditor Agreement shall not in any way be affected or impaired. The parties hereto shall endeavor in good-faith negotiations to replace the
invalid, illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 

SECTION 7.    All communications and notices hereunder shall be in writing and given as provided in Section 8.11 of
the Term Intercreditor Agreement. All communications and notices hereunder to the New Representative shall be given to it at the address set forth below its signature hereto. 

SECTION 8.    The Borrower agrees to reimburse the Designated Senior Representative for its reasonable out-of-pocket expenses in connection with this Joinder, including the reasonable fees, other charges and disbursements of counsel for the Designated Senior Representative.

 IN WITNESS WHEREOF, the New Representative and the Designated Senior Representative have
duly executed this Joinder to the Term Intercreditor Agreement as of the day and year first above written. 
  

			
	[NAME OF NEW REPRESENTATIVE], as
	[                ] for the holders of
	[                        ],

			
		
	By:	 	  

		 	Name:
		 	Title:

 
			
	
	Address for notices:
	
	  

	
	  

			
		
	attention of:	 	  

		
	Telecopy:	 	  

 
			
	
	[                                ],
	as Designated Senior Representative,

 
			
		
	By:	 	  

		 	Name:
		 	Title:

			
	Acknowledged by:
	
	[    ],
		
	By:	 	  

		 	Name:
		 	Title:
	
	[    ],
		
	By:	 	  

		 	Name:
		 	Title:
	
	THE GRANTORS
	LISTED ON SCHEDULE I HERETO,
		
	By:	 	  

		 	Name:
		 	Title:

 Schedule I to the 

Joinder to the 
 Term Intercreditor
Agreement 
 Grantors 

[                        ] 

 EXHIBIT C 

Amendment to ABL/Term Loan Intercreditor Agreement 

See attached. 

			
		 	  

  EXECUTION  

  VERSION  
  

 AMENDED AND RESTATED 

INTERCREDITOR AGREEMENT 
 by and
between 
 BANK OF AMERICA, N.A., 

as ABL Agent, 
 JPMORGAN CHASE
BANK, N.A., 
 as First Lien Term Agent 

and 
 CORTLAND CAPITAL MARKET
SERVICES LLC, 
 as Second Lien Term Agent 

Dated as of March 15, 2019 

Relating to: 
 Horizon Global
Corporation and Affiliates 

 TABLE OF CONTENTS 
  

							
	 	  	Page No.	 
		
	 ARTICLE 1 DEFINITIONS
	  	 	3	 
			
	 Section 1.1
	    	 Certain Definitions
	  	 	3	 
	 Section 1.2
	    	 Other Definitions
	  	 	3	 
	 Section 1.3
	    	 Rules of Construction
	  	 	16	 
		
	 ARTICLE 2 LIEN PRIORITY
	  	 	16	 
			
	 Section 2.1
	    	 Priority of Liens
	  	 	16	 
	 Section 2.2
	    	 Waiver of Right to Contest Liens
	  	 	17	 
	 Section 2.3
	    	 Remedies Standstill
	  	 	18	 
	 Section 2.4
	    	 Exercise of Rights
	  	 	19	 
	 Section 2.5
	    	 No New Liens
	  	 	21	 
	 Section 2.6
	    	 Waiver of Marshalling
	  	 	21	 
		
	 ARTICLE 3 ACTIONS OF THE PARTIES
	  	 	22	 
			
	 Section 3.1
	    	 Certain Actions Permitted
	  	 	22	 
	 Section 3.2
	    	 Agent for Perfection
	  	 	22	 
	 Section 3.3
	    	 Insurance
	  	 	23	 
	 Section 3.4
	    	 No Additional Rights For the Loan Parties Hereunder
	  	 	23	 
	 Section 3.5
	    	 Inspection and Access Rights
	  	 	23	 
	 Section 3.6
	    	 Tracing of and Priorities in Proceeds
	  	 	25	 
	 Section 3.7
	    	 Payments Over
	  	 	25	 
	 Section 3.8
	    	 Rights as Unsecured Creditors
	  	 	26	 
		
	 ARTICLE 4 APPLICATION OF PROCEEDS
	  	 	26	 
			
	 Section 4.1
	    	 Application of Proceeds
	  	 	26	 
	 Section 4.2
	    	 Specific Performance
	  	 	28	 
		
	 ARTICLE 5 INTERCREDITOR ACKNOWLEDGEMENTS AND WAIVERS
	  	 	29	 
			
	 Section 5.1
	    	 Notice of Acceptance and Other Waivers
	  	 	29	 
	 Section 5.2
	    	 Modifications to ABL Documents and Term Documents
	  	 	30	 
	 Section 5.3
	    	 Reinstatement and Continuation of Agreement
	  	 	31	 
	 Section 5.4
	    	 Purchase Right
	  	 	32	 
		
	 ARTICLE 6 INSOLVENCY PROCEEDINGS
	  	 	33	 
			
	 Section 6.1
	    	 DIP Financing
	  	 	33	 
	 Section 6.2
	    	 Relief From Stay
	  	 	36	 
	 Section 6.3
	    	 No Contest; Adequate Protection
	  	 	36	 
	 Section 6.4
	    	 Asset Sales
	  	 	37	 
	 Section 6.5
	    	 Separate Grants of Security and Separate Classification
	  	 	39	 
	 Section 6.6
	    	 Reorganization Securities
	  	 	39	 
	 Section 6.7
	    	 [Reserved]
	  	 	39	 
	 Section 6.8
	    	 ABL Obligations Unconditional
	  	 	39	 
	 Section 6.9
	    	 Term Obligations Unconditional
	  	 	40	 
	 Section 6.10
	    	 Claims
	  	 	40	 
	 Section 6.11
	    	 Bankruptcy – Plan Support
	  	 	40	 
	 Section 6.12
	    	 Applicability
	  	 	40	 
	 Section 6.13
	    	 Other Bankruptcy Laws
	  	 	41	 

  
 i 

							
	 ARTICLE 7 MISCELLANEOUS
	  	 	41	 
			
	 Section 7.1
	    	 Rights of Subrogation
	  	 	41	 
	 Section 7.2
	    	 Further Assurances
	  	 	41	 
	 Section 7.3
	    	 Representations
	  	 	42	 
	 Section 7.4
	    	 Amendments
	  	 	42	 
	 Section 7.5
	    	 Addresses for Notices
	  	 	42	 
	 Section 7.6
	    	 No Waiver; Remedies
	  	 	43	 
	 Section 7.7
	    	 Continuing Agreement, Transfer of Secured Obligations
	  	 	43	 
	 Section 7.8
	    	 Governing Law; Entire Agreement
	  	 	44	 
	 Section 7.9
	    	 Counterparts
	  	 	44	 
	 Section 7.10
	    	 No Third Party Beneficiaries
	  	 	44	 
	 Section 7.11
	    	 Headings
	  	 	44	 
	 Section 7.12
	    	 Severability
	  	 	44	 
	 Section 7.13
	    	 [Reserved]
	  	 	44	 
	 Section 7.14
	    	 VENUE; JURY TRIAL WAIVER
	  	 	44	 
	 Section 7.15
	    	 Intercreditor Agreement
	  	 	45	 
	 Section 7.16
	    	 No Warranties or Liability
	  	 	45	 
	 Section 7.17
	    	 Conflicts
	  	 	45	 
	 Section 7.18
	    	 Information Concerning Financial Condition of the Loan Parties
	  	 	46	 
	 Section 7.19
	    	 Additional Loan Parties
	  	 	46	 
	 Section 7.20
	    	 Amendment and Restatement
	  	 	46	 
	 Section 7.21
	    	 Additional Intercreditor Agreements
	  	 	46	 

  
 ii 

 AMENDED AND RESTATED INTERCREDITOR AGREEMENT 

THIS AMENDED AND RESTATED INTERCREDITOR AGREEMENT (as amended, supplemented, restated or otherwise modified from time to time
pursuant to the terms hereof, this “Agreement”) is entered into as of March 15, 2019 between 

(a) BANK OF AMERICA, N.A., in its capacity as administrative agent and collateral agent (together with
its successors and assigns in such capacities, the “ABL Agent”) for (i) the financial institutions, Issuing Banks (as defined below) and other entities party from time to time to the ABL Credit Agreement referred to
below (such financial institutions, Issuing Banks and other entities, together with their respective successors, assigns and transferees, the “ABL Lenders”) and (ii) any ABL Bank Product Providers (as defined below)
(such ABL Bank Product Providers, together with the ABL Agent and the ABL Lenders, the “ABL Secured Parties”), 

(b) JPMORGAN CHASE BANK, N.A., in its capacity as administrative agent and collateral agent (together
with its successors and assigns in such capacities, the “First Lien Term Agent”) for the financial institutions and other entities party from time to time to the First Lien Term Loan Credit Agreement referred to below (such
financial institutions and other entities, together with their respective successors, assigns and transferees, the “First Lien Term Lenders”) and 

(c)        CORTLAND CAPITAL MARKET SERVICES LLC, in its
capacity as administrative agent and collateral agent (together with its successors and assigns in such capacities, the “Second Lien Term Agent”) for the financial institutions and other entities party from time to time to
the Second Lien Term Loan Credit Agreement referred to below (such financial institutions and other entities, together with their respective successors, assigns and transferees, the “Second Lien Term Lenders”). 

The First Lien Term Agent and the Second Lien Term Agent are referred to collectively herein as the “Term Agents” and
the First Lien Term Lenders and the Second Lien Term Lenders are referred to collectively herein as the “Term Lenders”). 

RECITALS 

A.           Pursuant to that certain Amended and Restated Loan
Agreement dated on or about December 22, 2015 by and among Horizon Global Corporation, a Delaware corporation (“Company”), Horizon Global Americas Inc., a Delaware corporation (f/k/a Cequent Performance Products, Inc., a
Delaware corporation and successor by merger with Cequent Consumer Products, Inc., an Ohio corporation) (“Horizon Americas”), Cequent UK Limited, a company incorporated in England and Wales with company number 08081641
(“Cequent UK”), Cequent Towing Products of Canada Ltd., a company formed under the laws of the Province of Ontario (“Cequent Canada”, and together with the Company, Horizon Americas and Cequent UK,
collectively, “ABL Borrowers”), the ABL Lenders and the ABL Agent (as amended through the Seventh Amendment thereto and as such agreement may be further Amended or Refinanced or otherwise further modified from time to
time in accordance with the terms hereof and thereof, the “ABL Credit Agreement”), the ABL Lenders have agreed to make certain loans and provide other financial accommodations in an initial aggregate principal amount of up to
$90,000,000 to or for the benefit of the ABL Borrowers. 

 B.        Pursuant to the ABL Credit
Agreement, the ABL Guarantors (as defined below) have guaranteed the payment and performance of the ABL Obligations of the ABL Borrowers under the ABL Documents (as defined below). 

C.        As a condition of the ABL Credit Agreement and to secure the ABL
Obligations, the ABL Borrowers and the ABL Guarantors (together with the ABL Borrowers, collectively, the “ABL Loan Parties”) under and in connection with the ABL Documents have granted to the ABL Agent for the benefit of the
ABL Secured Parties (as defined below) Liens on the Collateral (as defined below). 

D.        Pursuant to that certain Term Loan Credit Agreement dated on or about
June 30, 2015 by and among Company (the “Term Loan Borrower”), the First Lien Term Lenders and the First Lien Term Agent (as amended by the Sixth Amendment thereto and as such agreement may be Amended or Refinanced or
otherwise further modified from time to time in accordance with the terms hereof and thereof, the “First Lien Term Loan Credit Agreement”), the First Lien Term Lenders have made a term loan to the Term Loan Borrower having a
principal balance as of the date hereof of $190,524,141.07. 
 E.        Pursuant to
the First Lien Term Loan Credit Agreement, the Term Guarantors (as defined below) have guaranteed the payment and performance of the First Lien Term Obligations (as defined below) of the Company under the First Lien Term Documents (as defined
below). 
 F.        As a condition of the First Lien Term Loan Credit Agreement and
to secure the First Lien Term Obligations, the Term Loan Borrower and the Term Guarantors (together with the Term Loan Borrowers, collectively, the “Term Loan Parties”) under and in connection with the First Lien Term
Documents have granted to the First Lien Term Agent for the benefit of the applicable First Lien Term Secured Parties (as defined below) Liens on the Collateral (as defined below). 

G.        Pursuant to that certain Term Loan Credit Agreement dated on or about the
date hereof by and among the Term Loan Borrower, the Second Lien Term Lenders and the Second Lien Term Agent (as such agreement may be Amended or Refinanced or otherwise modified from time to time in accordance with the terms hereof and thereof, the
“Second Lien Term Loan Credit Agreement”), the Second Lien Term Lenders have agreed to make a term loan in the original principal amount of $51,020,408 to the Term Loan Borrower. 

E.        Pursuant to the Second Lien Term Loan Credit Agreement, the Term Guarantors
have guaranteed the payment and performance of the Second Lien Term Obligations (as defined below) of the Company under the Second Lien Term Documents (as defined below). 

F.        As a condition to the effectiveness of the Second Lien Term Loan Credit
Agreement and to secure the Second Lien Term Obligations, the Term Loan Parties under and in connection with the Second Lien Term Documents have granted to the Second Lien Term Agent for the benefit of the applicable Second Lien Term Secured Parties
(as defined below) Liens on the Collateral (as defined below). 
 G.        ABL
Agent, First Lien Agent, the Company, and certain of Company’s subsidiaries party thereto have entered into that certain Intercreditor Agreement dated as of June 30, 2015 (as amended from time to time prior to the date of this Agreement,
the “Prior Intercreditor Agreement”) 
 H.        Each of the ABL
Agent (on behalf of the ABL Secured Parties), the First Lien Term Agent (on behalf of the First Lien Term Secured Parties) and the Second Lien Term Agent (on behalf of the Second Lien Term Secured Parties) desires to agree to the relative priority
of Liens on the Collateral and certain other rights, priorities and interests as provided herein and to amend and restate the Prior Intercreditor Agreement in its entirety to read as provided in this Agreement. 

  
 2 

 NOW THEREFORE, in consideration of the foregoing and for other good
and valuable consideration, receipt of which is hereby acknowledged, the parties hereto agree as follows: 
 ARTICLE 1 

DEFINITIONS 

Section 1.1        Certain Definitions. Unless otherwise
defined herein, all capitalized terms used herein shall have the same meaning herein as in the Uniform Commercial Code. 

Section 1.2        Other Definitions. Subject to Section 1.1,
as used in this Agreement, the following terms shall have the meanings set forth below: 
 “ABL
Agent” shall have the meaning assigned to that term in the introduction to this Agreement and shall include any successors thereto as well as any Person designated as the “Agent”, “Administrative Agent”,
“Collateral Agent”, “Trustee”, “Security Trustee”, “Collateral Trustee” or similar term under any ABL Credit Agreement. 

“ABL Bank Product Provider” shall mean any ABL Lender or any Affiliate (or any Person that was an ABL
Lender or an Affiliate of an ABL Lender at the time it entered into a Bank Product with an ABL Loan Party) of any ABL Lender that has entered into a Bank Product or agreement relating to any Bank Products with an ABL Loan Party with the obligations
of such ABL Loan Party thereunder being secured by one or more ABL Collateral Documents, together with their respective successors, assigns and transferees. 

“ABL Borrowers” shall have the meaning assigned to that term in the recitals to this Agreement. 

“ABL Collateral Documents” shall mean the Security Documents (as defined in the ABL Credit Agreement)
and all security agreements, pledge agreements, hypothecs, charges, debentures, account control agreements, bailment agreements, freight forwarder and/or customs broker’s agreements, collateral access agreements, mortgages, deeds of trust, and
other collateral documents executed and delivered in connection with the ABL Credit Agreement, in each case as Amended or Refinanced or otherwise modified from time to time, in accordance with the terms hereof. 

“ABL Credit Agreement” shall have the meaning assigned to such term in the recitals to this Agreement
and any other agreements or facilities which Amend or Refinance all or any portion of the ABL Obligations under any then extant ABL Credit Agreement (including without limitation under any agreement with respect to ABL DIP Financing provided by any
or all of the ABL Secured Parties, including any use, whether consensual or non-consensual, of cash collateral constituting the Proceeds of the ABL Priority Collateral); provided that at the time of any
refinancing or replacement of the then extant ABL Credit Agreement (other than the Non-US Loan Parties Restructuring), the Company shall have delivered to each Term Agent an officer’s certificate
certifying that such refinancing or replacement ABL Credit Agreement is permitted to be incurred under the Term Loan Credit Agreement and each Additional Term Debt Facility. 

“ABL Deposit and Security Accounts” shall mean any and all deposit accounts and securities accounts of
the ABL Loan Parties subject to a control agreement in favor of or otherwise controlled by the ABL Agent. 
 “ABL
DIP Financing” shall have the meaning set forth in Section 6.1(a). 

  
 3 

 “ABL Documents” shall mean the ABL Credit Agreement,
ABL Guaranty, the ABL Collateral Documents, those other ancillary agreements to which any ABL Secured Party is a party or beneficiary and all other agreements, instruments, documents and certificates, now or hereafter executed by or on behalf of any
ABL Loan Party and delivered to the ABL Agent or any other ABL Secured Party, in connection with any of the foregoing or with the ABL Credit Agreement, ABL Guaranty or the ABL Collateral Documents, in each case, as the same may be Amended or
Refinanced or otherwise modified from time to time in accordance with the terms hereof and thereof. 
 “ABL
Guarantors” shall mean the collective reference to any direct or indirect Subsidiary or direct or indirect parent of the ABL Borrowers who is or becomes a guarantor under the ABL Guaranty with respect to the ABL Borrowers’ ABL
Obligations. 
 “ABL Guaranty” shall mean the collective reference to the “Guaranties” (as
defined in the ABL Credit Agreement”) entered into by the ABL Guarantors and any other guarantee of the ABL Obligations entered into in connection with an Amendment or Refinancing of the ABL Credit Agreement, whether by the same or any other
agent, lender or group of lenders. 
 “ABL Lenders” shall have the meaning assigned to that term in
the introduction to this Agreement, as well as any Person which is a “lender” or “issuing bank” under any ABL Credit Agreement. 

“ABL Loan Parties” shall have the meaning assigned to that term in the recitals to this Agreement.

 “ABL Obligations” shall mean all obligations of every nature of each ABL Loan Party from time to
time owed to the ABL Secured Parties, or any of them, under any ABL Document or in respect of any “Secured Bank Product Obligations” (as defined in the ABL Credit Agreement), including, without limitation, all “Obligations” of
each ABL Loan Party or similar term as defined in any ABL Credit Agreement, whether for principal, interest, reimbursement of amounts drawn under Letters of Credit, fees, expenses, indemnification, or otherwise, and all other amounts owing or due
under the terms of the ABL Documents (including interest, fees, indemnification payments, expense reimbursements and other amounts which, but for the commencement of an Insolvency Proceeding with respect to such ABL Loan Party, would have accrued on
or been payable with respect to the ABL Obligations, whether or not a claim is allowed or allowable against such ABL Loan Party for such interest, fees, indemnification payments, expense reimbursements and other amounts in the related Insolvency
Proceeding), as the same may be Amended or Refinanced in whole or in part or otherwise modified from time to time in accordance with the terms hereof and thereof. 

“ABL Priority Collateral” shall mean all Collateral consisting of the following: 

(1)        all Accounts (and including for this purpose all amounts
payable by the issuer or processor thereof in connection with the use of a credit card, debit card or similar instrument, whether deemed to be an Account or a Payment Intangible) and other receivables (other than Accounts and other receivables
arising from the sale or other Disposition of Term Priority Collateral); 

(2)        cash, money and cash equivalents, other than identifiable
cash Proceeds from the sale or Disposition of Term Priority Collateral; 

(3)        all (i) Deposit Accounts (other than the Term
Collateral Proceeds Account), (ii) Securities Accounts (other than the Term Collateral Proceeds Account), Security Entitlements and Securities credited to such a Securities Account (other than Equity Interests in any Loan Party or its
Subsidiaries), or (iii) all Commodity Accounts (other than the Term Collateral Proceeds 

  
 4 

 
Account) and commodity contracts and, in each case, all cash, money, cash equivalents, checks and other property held therein or credited thereto, other than identifiable Proceeds of Term
Priority Collateral; 
 (4)        all Inventory; 

(5)        all proceeds of business interruption insurance (which, for
the avoidance of doubt, shall not include proceeds of any casualty insurance relating to Term Priority Collateral); 

(6)        to the extent relating to or arising from, evidencing or
governing any of the items referred to in the preceding clauses (1) through (5) constituting ABL Priority Collateral, all Documents, General Intangibles (including all rights under contracts but excluding any Intellectual Property and any
Equity Interests in any Loan Party or its Subsidiaries), Instruments (including Promissory Notes other than any Promissory Notes constituting Term Priority Collateral), Chattel Paper (including Tangible Chattel Paper and Electronic Chattel Paper),
and Commercial Tort Claims, insurance proceeds, Supporting Obligations and Letter-of-Credit Rights relating thereto; provided that to the extent any of the foregoing
also relates to Term Priority Collateral only that portion related to the items referred to in the preceding clauses (1) through (5) shall be included in the ABL Priority Collateral; 

(7)        all books and Records relating to the items referred to in
the preceding clauses (1) through (6) constituting ABL Priority Collateral (including all books, databases, customer lists, engineer drawings, and Records, whether tangible or electronic, which contain any information relating to any of the
items referred to in the preceding clauses (1) through (6) constituting ABL Priority Collateral but, in each case, excluding any Intellectual Property); and 

(8)        to the extent not otherwise included, all Proceeds
(including all insurance proceeds) of any and all of the foregoing described in clauses (1) through (7) and all collateral security and guarantees with respect to any of the foregoing. 

“ABL Recovery” shall have the meaning set forth in Section 5.3(a). 

“ABL Secured Parties” shall have the meaning to that term in the introduction to this Agreement. 

“ABL Standstill Period” has the meaning set forth in Section 2.3(b). 

“Additional Term Joinder” means a Joinder Agreement substantially in the form of Exhibit I hereto or
such other form as agreed by the ABL Agent and each Term Agent. 
 “Affiliate” shall mean, with
respect to a specified Person, any other Person that directly or indirectly through one or more intermediaries Controls, is Controlled by or is under common Control with the Person specified. 

“Agent(s)” means individually the ABL Agent or any Term Agent and collectively means both the ABL
Agent and each Term Agent. 
 “Agreement” shall have the meaning assigned to that term in the
introduction to this Agreement. 
 “Amended or Refinanced” shall mean, in respect of any obligation,
or the agreement or contract pursuant to which such obligation is incurred, (a) such obligation (or any portion thereof) or related agreement or contract as extended, renewed, defeased, amended, amended and restated, supplemented,

  
 5 

 
modified, restructured, consolidated, refinanced, replaced, refunded or repaid from time to time and (b) any other obligation issued in exchange or replacement for or to refinance such
obligation, in whole or in part, whether with same or different lenders, arrangers and/or agents and whether with a larger or smaller aggregate principal amount, in each case to the extent not prohibited under the terms of this Agreement and the ABL
Documents or the Term Documents, as applicable, then in effect. “Amend or Refinance” and “Amendment or Refinancing” shall have correlative meanings and, for the avoidance of doubt, the parties hereto
agree that “Amended or Refinanced”, when applicable to any ABL Document shall include such ABL Document as amended, amended and restated, supplemented, modified or restructured by, and after giving effect to, any Non-US Loan Parties Restructuring. 
 “Bank Products” shall have
the meaning assigned to such term in the ABL Credit Agreement. 
 “Bankruptcy Code” shall mean Title
11 of the United States Code, as now or hereafter in effect or any successor thereto. 
 “Borrower”
shall mean the ABL Borrowers and the Term Loan Borrower. 
 “Business Day” shall mean any day other
than (a) Saturday or Sunday; (b) any day on which banks in Chicago, Illinois or New York City, New York, generally are not open to the general public for the purpose of conducting commercial banking business; or (c) a day on which the
principal office of any Term Agent or any ABL Agent is not open to the general public to conduct business. 

“Collateral” shall mean (a) with respect to any Term Agent or any Term Secured Party, all
Property now owned or hereafter acquired by any Term Loan Party in or upon which a Lien is granted or purported to be granted to any Term Agent under any of the Term Collateral Documents, together with all substitutions, additions, products and
Proceeds thereof and (b) with respect to the ABL Agent or any ABL Secured Party, all Property now owned or hereafter acquired by any ABL Loan Party in or upon which a Lien is granted or purported to be granted to the ABL Agent under any of the
ABL Collateral Documents, together with all substitutions, additions, products and Proceeds thereof. 

“Company” shall have the meaning assigned to that term in the introduction to this Agreement. 

“Control Collateral” shall mean any Collateral consisting of any Deposit Account, Securities Account,
Commodities Accounts, Instruments, Equity Interests and any other Collateral as to which a Lien may be perfected through possession or control by the secured party, or any agent therefor. 

“Copyrights” means, with respect to any Person, all of such Person’s right, title, and interest
in and to the following: (a) all copyrights, rights and interests in copyrights, works protectable by copyright, copyright registrations, and copyright applications; (b) all renewals of any of the foregoing; (c) all income, royalties,
damages, and payments now or hereafter due and/or payable under any of the foregoing, including, without limitation, damages or payments for past or future infringements for any of the foregoing; (d) the right to sue for past, present, and
future infringements of any of the foregoing; and (e) all rights corresponding to any of the foregoing throughout the world. 

“Credit Documents” shall mean the ABL Documents and the Term Documents. 

“Debtor Relief Laws” shall mean the Bankruptcy Code, as now or hereafter in effect or any successors
thereto, as well as all other liquidation, conservatorship, bankruptcy, assignment for benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief laws of the United States or any state law or
of any applicable foreign law from time to time in effect affecting the rights of creditors generally. 

  
 6 

 “Designated Term Agent” means (i) the First
Lien Term Agent, until such time as (A) the Discharge of First Lien Term Obligations with respect to the First Lien Term Loan Credit Agreement has occurred (which occurrence shall be confirmed in writing by a Term Agent) or (B) the First
Lien Term Agent has notified other parties hereto in writing that the Second Lien Term Agent shall be the Designated Term Agent, pursuant to the Term Lender Intercreditor Agreement or otherwise, and (ii) thereafter, the Second Lien Term Agent.

 “Discharge of ABL Obligations” shall mean (a) the termination of all commitments to extend
credit under the ABL Documents, and (b) the payment in full in cash or immediately available funds of all outstanding ABL Obligations (excluding contingent indemnification obligations for which a claim or demand for payment has not then been
asserted) including, with respect to (i) amounts available to be drawn under outstanding Letters of Credit (or indemnities or other undertakings issued in respect of outstanding Letters of Credit), the cancellation of such Letters of Credit or
the Cash Collateralization (as defined in the ABL Credit Agreement) thereof or the delivery and provision of backstop letters of credit in respect thereof in compliance with the terms of any ABL Credit Agreement (which shall not exceed an amount
equal to 105% of the aggregate undrawn amount of such Letters of Credit), (other than Letters of Credit denominated in a currency other than Dollars, in which case shall not exceed 110% of the aggregate undrawn amount of such Letters of Credit) and
(ii) outstanding ABL Obligations with respect to Bank Products (or indemnities or other undertakings issued pursuant thereto in respect of outstanding Bank Products), the delivery or provision of cash collateral or backstop letters of credit in
respect thereof, other than (x) unasserted contingent indemnification obligations, and (y) any ABL Obligations relating to Bank Products that, at such time, are allowed by the applicable Bank Product Provider to remain outstanding without
being required to be repaid or collateralized. 
 “Discharge of First Lien Term Obligations” shall
mean the payment in full in cash of all outstanding First Lien Term Obligations (excluding contingent indemnification obligations for which a claim or demand for payment has not then been asserted). 

“Discharge of Second Lien Term Obligations” shall mean the payment in full in cash of all outstanding
Second Lien Term Obligations (excluding contingent indemnification obligations for which a claim or demand for payment has not then been asserted). 

“Discharge of Term Obligations” shall mean the Discharge of First Lien Term Obligations and the
Discharge of Second Lien Term Obligations shall have both occurred. 
 “Disposition” shall mean the
sale, transfer, license, lease or other disposition 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. As used herein, “Dispose” and “Disposed” shall have correlative meanings. 

“Enforcement Notice” shall mean a written notice delivered by either the ABL Agent or the Designated
Term Agent to the other applicable party announcing that an Enforcement Period has commenced. 
 “Enforcement
Period” shall mean the period of time following the receipt by either the ABL Agent or any Term Agent of an Enforcement Notice from the other and continuing until the earliest of (a) in case of an Enforcement Period commenced by
any Term Agent, the Discharge of Term Obligations (or the written termination of, or agreement in writing to terminate, the Enforcement Period by the applicable Term Agent) or (b) in the case of an Enforcement Period commenced by the ABL Agent,
the Discharge of 

  
 7 

 
ABL Obligations (or the written termination of, or agreement in writing to terminate, the Enforcement Period by the ABL Agent). 

“Equity Interests” shall mean as to any Person, the stock (common, preferred or in any other manner
designated), limited liability company membership or other interest or any other right or interest (or right to acquire such interest) however designated, evidencing ownership interests in such Person. 

“Event of Default” shall mean an Event of Default as defined in the ABL Credit Agreement or any Term
Document, as applicable. 
 “Exercise of Any Secured Creditor Remedies” or “Exercise of
Secured Creditor Remedies” shall mean, except as otherwise provided in the final sentence of this definition: 

(a)        the taking by any Secured Party of any action to enforce or
realize upon any Lien, including the institution of any foreclosure proceedings or the noticing of any public or private sale pursuant to Article 9 of the Uniform Commercial Code or other applicable law; 

(b)        the exercise by any Secured Party of any right or remedy
provided to a secured creditor on account of a Lien under any of the Credit Documents, under applicable law, in an Insolvency Proceeding or otherwise, including the election to retain any of the Collateral in satisfaction of a Lien; 

(c)        the taking of any action by any Secured Party or the
exercise of any right or remedy by any Secured Party in respect of the collection on, set off against, marshaling of, injunction respecting or foreclosure on the Collateral or the Proceeds thereof; 

(d)        the appointment on the application of a Secured Party, of a
receiver, receiver and manager or interim receiver of all or part of the Collateral; 

(e)        the sale, lease, license, or other Disposition of all or
any portion of the Collateral by private or public sale conducted by a Secured Party or any other means at the direction of a Secured Party permissible under applicable law (including without limitation the solicitation of any bids from third
persons to conduct liquidation or Disposition of Collateral or engage any agents for purposes of valuing, marketing, promoting or selling Collateral); 

(f)        the exercise of any other right of a secured creditor under
Part 6 of Article 9 of the Uniform Commercial Code or under provisions of similar effect under other applicable law the exercise by a Secured Party of any voting rights relating to any Pledged Shares; and 

(g)        instituting any action or proceeding to effect any of the
foregoing. 
 For the avoidance of doubt, none of the following shall be deemed to constitute an Exercise of Secured Creditor Remedies:
(i) the filing of a proof of claim in any Insolvency Proceeding or seeking adequate protection (subject to and in accordance with Section 6.3 below), (ii) the exercise of rights by the ABL Agent during the continuance of a Dominion Trigger
Period (as defined in the ABL Credit Agreement), including, without limitation, with respect to Deposit Accounts and Securities Accounts and the notification of account debtors, depository institutions, securities intermediaries, or any other Person
to deliver Proceeds of ABL Priority Collateral to the ABL Agent, (iii) the consent by the ABL Agent to any Disposition by any ABL Loan Party of any of the ABL Priority Collateral (other than any such sale conducted at the direction of the ABL
Agent in connection with any Exercise of Secured Creditor Remedies after the occurrence of an Event of Default under the ABL Credit Agreement), (iv) the modification of advance rates or sub-limits,

  
 8 

 
or the addition or modification of eligibility criteria, by the ABL Agent, (v) the imposition or modification of any component of the Availability Reserve (as defined in the ABL Credit
Agreement) by the ABL Agent, (vi) any collection, adjustment or settlement of insurance claims, or any application to a court of competent jurisdiction to make a determination as to the collection, adjustment or settlement of an insurance
claim, in each case in accordance with Section 3.3, (vii) the exercise of rights by the ABL Agent under the ABL Documents to require any ABL Loan Party to take actions in the nature of “further assurances” with respect to the
Collateral permitted by the ABL Documents and not inconsistent with this Agreement, (viii) the consent by any Term Agent to any Disposition by the Borrower or any Term Guarantor of any of the Term Priority Collateral (other than any such sale
conducted at the direction of any Term Agent in connection with any Exercise of Secured Creditor Remedies after the occurrence of an Event of Default under the applicable Term Documents), (ix) the exercise of rights by any Term Agent under the
applicable Term Documents to require any Term Loan Party to take actions in the nature of “further assurances” with respect to the Collateral permitted by the Term Documents and not inconsistent with this Agreement, (x) the exercise
of any rights or remedies by the ABL Agent against any ABL Loan Party which is not a Term Loan Party or (xi) the exercise of any rights or remedies by any Term Loan Agent against any Term Loan Party which is not an ABL Loan Party. 

“First Lien Term Agent” shall have the meaning set forth in the Preamble hereto. 

“First Lien Term Collateral Documents” shall mean the Security Documents (as defined in the First Lien
Term Loan Credit Agreement) and all security agreements, pledge agreements, hypothecs, charges, debentures, bailment agreements, account control agreements, freight forwarder and/or customs broker’s agreements, collateral access agreements,
mortgages, deeds of trust and other collateral documents executed and delivered in connection with the First Lien Term Loan Credit Agreement, in each case as Amended or Refinanced or otherwise modified from time to time in accordance with the terms
hereof and thereof. 
 “First Lien Term Documents” shall mean the First Lien Term Loan Credit
Agreement, the First Lien Term Guaranty, the First Lien Term Collateral Documents and those other ancillary agreements to which any First Lien Term Secured Party is a party or beneficiary and all other agreements, instruments, documents and
certificates, now or hereafter executed by or on behalf of any Term Loan Party or any of its respective Affiliates, and delivered to the applicable First Lien Term Agent or any other First Lien Term Secured Party, in connection with any of the
foregoing or any First Lien Term Loan Credit Agreement, First Lien Term Guaranty or the First Lien Term Collateral Documents, in each case as the same may be Amended or Refinanced or otherwise modified from time to time in accordance with the terms
hereof and thereof. 
 “First Lien Term Guaranty” shall mean the collective reference to the
guaranty agreements, if any, entered into by the Term Guarantors and any other guarantee of the First Lien Term Obligations entered into in connection with an Amendment or Refinancing of the First Lien Term Loan Credit Agreement. 

“First Lien Term Loan Credit Agreement” shall have the meaning assigned to such term in the recitals
to this Agreement and any other agreements, indentures or facilities which Amend or Refinance all or any portion of the First Lien Term Obligations under any then extant First Lien Term Loan Credit Agreement (including, without limitation, under any
agreement with respect to Term DIP Financing provided by any or all of the Term Secured Parties, including any use, whether consensual or non-consensual, of cash collateral constituting the Proceeds of the
Term Priority Collateral), whether by the same or any other agent, lender or group of lenders; provided that at the time of any refinancing or replacement of the then extant First Lien Term Loan Credit Agreement, the Company shall have
delivered to the ABL Agent an officer’s certificate certifying that such refinancing or replacement First Lien Term 

  
 9 

 
Loan Credit Agreement is permitted to be incurred under the ABL Credit Agreement and the First Lien Term Loan Agreement. 

“First Lien Term Obligations” shall mean all obligations of every nature of each Term Loan Party from
time to time owed to the First Lien Term Secured Parties, or any of them, under any First Lien Term Document, including, without limitation, all “Obligations” of each Term Loan Party or similar term as defined in any First Lien Term
Document, whether for principal, prepayment premium, interest, fees, expenses, indemnification or otherwise, and all other amounts owing or due under the terms of the First Lien Term Documents (including interest, fees, indemnification payments,
expense reimbursements and other amounts which, but for the filing of an Insolvency Proceeding with respect to such Term Loan Party, would have accrued on or been payable with respect to any First Lien Term Obligation, whether or not a claim is
allowed or allowable against such Term Loan Party for such interest, fees, indemnification payments, expense reimbursements and other amounts in the related Insolvency Proceeding), as the same may be Amended or Refinanced in whole or in part or
otherwise modified from time to time in accordance with the terms hereof and thereof. 
 “First Lien Term Secured
Parties” shall mean each First Lien Term Agent and all First Lien Term Lenders. 
 “Foreign
Borrower” means any Foreign Subsidiary that may become a party to the ABL Credit Agreement as a “Borrower” from time to time. 

“Foreign Subsidiary” means any Subsidiary that is organized under the laws of a jurisdiction other
than the United States of America or any State thereof or the District of Columbia. 
 “Governmental
Authority” shall mean the government of the United States or any other nation, or any political subdivision thereof, whether state, local, provincial, territorial or municipal and any agency, authority, instrumentality, regulatory body,
court, tribunal, 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). 
 “Indebtedness” shall mean (i) “Debt” as defined in the ABL
Credit Agreement and (ii) “Indebtedness” as defined in the Term Loan Credit Agreement, respectively and as applicable. 

“Insolvency Proceeding” shall mean, with respect to any Loan Party, (a) any case, action,
proposal, or proceeding before any court or other Governmental Authority relating to (or any corporate action or other procedure or step being taken in relation to) such Loan Party’s bankruptcy, reorganization, insolvency, liquidation,
receivership, dissolution, winding-up or relief of debtors (whether voluntary or involuntary), or (b) any general assignment for the benefit of its creditors, composition, marshalling of assets for its
creditors or other similar arrangement in respect of its creditors generally or any substantial portion of its creditors; in each case covered by clauses (a) and (b) undertaken under any Debtor Relief Laws. 

“Intellectual Property” means the collective reference to all rights, priorities and privileges
relating to intellectual property, whether arising under United States, multinational or foreign laws or otherwise, including, without limitation, the Copyrights, the Copyright Licenses, the Patents, the Patent Licenses, the Trademarks and the
Trademark Licenses, and all rights to sue at law or in equity for any infringement or other impairment thereof, including the right to receive all proceeds and damages therefrom. 

“Issuing Bank” shall have the meaning assigned to such term in the ABL Credit Agreement. 

  
 10 

 “Lender(s)” means individually, the ABL Lenders or
the Term Lenders and collectively means all of the ABL Lenders and the Term Lenders. 
 “Letter of
Credit” shall mean “Letter of Credit” as defined in the ABL Credit Agreement. 

“Licenses” means, with respect to any Person, all of such Person’s right, title, and interest in
and to (a) any and all licensing agreements or similar arrangements in and to its Patents, Copyrights, or Trademarks, (b) all income, royalties, damages, claims, and payments now or hereafter due or payable under and with respect thereto,
including, without limitation, damages and payments for past and future breaches thereof, and (c) all rights to sue for past, present, and future breaches thereof. 

“Lien” shall mean any mortgage, pledge, hypothecation, collateral assignment, encumbrance, lien
(statutory or other), charge or other security interest or any other security agreement of any kind or nature whatsoever (including any conditional sale or other title retention agreement and any capital lease having substantially the same economic
effect as any of the foregoing). 
 “Lien Priority” shall mean with respect to any Lien of the ABL
Secured Parties or the Term Secured Parties in the Collateral, the order of priority of such Lien as specified in Section 2.1. 

“Loan Parties” shall mean the ABL Loan Parties and the Term Loan Parties. 

“Non-US Loan Parties” any Foreign Borrower and/or any Foreign
Subsidiary that may from time to time guaranty the obligations under the ABL Credit Agreement. 
 “Non-US Loan Parties (Existing)” shall mean (a) CEQUENT UK LIMITED, a company incorporated in England and Wales with company number 08081641 (b) CEQUENT TOWING PRODUCTS OF CANADA LTD., a company
formed under the laws of the Province of Ontario, (c) CEQUENT NEDERLAND HOLDINGS B.V., a company formed under the laws of the Netherlands, (d) CEQUENT MEXICO HOLDINGS B.V., a company formed under the laws of the Netherlands,
(e) CEQUENT SALES COMPANY DE MEXICO, S. DE R.L. de C.V., a limited liability company formed under the laws of Mexico, and (f) CEQUENT ELECTRICAL PRODUCTS DE MEXICO, S. DE R.L. de C.V., a limited liability company formed under the laws of
Mexico. 
 “Non-US Loan Parties Restructuring” shall mean
the amendment, amendment and restatement, and/or other modification of the ABL Documents solely to implement (a) the addition of certain Non-US Loan Parties and (b) the granting of Liens in favor of
the ABL Secured Parties on certain assets of the Non-US Obligors and/or the ABL Loan Parties as security for the ABL Obligations as contemplated by the ABL Credit Agreement, such restructuring to include the
addition of terms and provisions and additional loan documentation for the Non-US Obligors as contemplated by the ABL Credit Agreement. 

“Patents” means, with respect to any Person, all of such Person’s right, title, and interest in
and to: (a) any and all patents and patent applications; (b) all inventions and improvements described and claimed therein; (c) all reissues, divisions, continuations, renewals, extensions, and continuations-in-part thereof; (d) all income, royalties, damages, claims, and payments now or hereafter due or payable under and with respect thereto, including, without limitation, damages and payments
for past and future infringements thereof; (e) all rights to sue for past, present, and future infringements thereof; and (f) all rights corresponding to any of the foregoing throughout the world. 

“Person” shall mean an individual, partnership, corporation, limited liability company, unlimited
liability company, business trust, joint stock company, trust, unincorporated association, joint venture, Governmental Authority or other entity of whatever nature. 

  
 11 

 “Pledged Shares” shall mean any Equity Interests of,
or other equity interests in, any Loan Party, any Subsidiary thereof or any other Person, to the extent, in each case, constituting part of the Collateral. 

“Priority Collateral” shall mean the ABL Priority Collateral or the Term Priority Collateral, as
applicable. 
 “Proceeds” shall mean (a) all “proceeds,” as defined in Article 9 of
the Uniform Commercial Code, with respect to the Collateral, and (b) whatever is recoverable or recovered when any Collateral is sold, exchanged, collected, or disposed of, whether voluntarily or involuntarily. 

“Property” shall mean any interest in any kind of property or asset, whether real, personal or mixed,
or tangible or intangible. 
 “Purchasing ABL Secured Parties” shall have the meaning set forth in
Section 5.4(a)(ii). 
 “Purchasing Term Secured Parties” shall have the meaning set forth in
Section 5.4(a)(i). 
 “Real Property” means any right, title or interest in and to real
property, including any fee interest, leasehold interest, easement, or license and any other right to use or occupy real property, including any right arising by contract. 

“Second Lien Term Agent” shall have the meaning set forth in the Preamble hereto. 

“Second Lien Term Collateral Documents” shall mean the Security Documents (as defined in the Second
Lien Term Loan Credit Agreement) and all security agreements, pledge agreements, hypothecs, charges, debentures, bailment agreements, account control agreements, freight forwarder and/or customs broker’s agreements, collateral access
agreements, mortgages, deeds of trust and other collateral documents executed and delivered in connection with the Second Lien Term Loan Credit Agreement, in each case as Amended or Refinanced or otherwise modified from time to time in accordance
with the terms hereof and thereof. 
 “Second Lien Term Documents” shall mean the Second Lien Term
Loan Credit Agreement, the Second Lien Term Guaranty, the Second Lien Term Collateral Documents and those other ancillary agreements to which any Second Lien Term Secured Party is a party or beneficiary and all other agreements, instruments,
documents and certificates, now or hereafter executed by or on behalf of any Term Loan Party or any of its respective Affiliates, and delivered to the applicable Second Lien Term Agent or any other Second Lien Term Secured Party, in connection with
any of the foregoing or any Second Lien Term Loan Credit Agreement, Second Lien Term Guaranty or the Second Lien Term Collateral Documents, in each case as the same may be Amended or Refinanced or otherwise modified from time to time in accordance
with the terms hereof and thereof. 
 “Second Lien Term Guaranty” shall mean the collective
reference to the guaranty agreements, if any, entered into by the Term Guarantors and any other guarantee of the Second Lien Term Obligations entered into in connection with an Amendment or Refinancing of the Second Lien Term Loan Credit Agreement.

 “Second Lien Term Loan Credit Agreement” shall have the meaning assigned to such term in the
recitals to this Agreement and any other agreements, indentures or facilities which Amend or Refinance all or any portion of the Second Lien Term Obligations under any then extant Second Lien Term Loan Credit Agreement (including, without
limitation, under any agreement with respect to Term DIP Financing provided by any or all of the Term Secured Parties, including any use, whether consensual or 

  
 12 

 
non-consensual, of cash collateral constituting the Proceeds of the Term Priority Collateral), whether by the same or any other agent, lender or group of
lenders; provided that at the time of any refinancing or replacement of the then extant Second Lien Term Loan Credit Agreement, the Company shall have delivered to the ABL Agent an officer’s certificate certifying that such refinancing
or replacement Second Lien Term Loan Credit Agreement is permitted to be incurred under the ABL Credit Agreement and the First Lien Term Loan Agreement. 

“Second Lien Term Obligations” shall mean all obligations of every nature of each Term Loan Party from
time to time owed to the Second Lien Term Secured Parties, or any of them, under any Second Lien Term Document, including, without limitation, all “Obligations” of each Term Loan Party or similar term as defined in any Second Lien Term
Document, whether for principal, prepayment premium, interest, fees, expenses, indemnification or otherwise, and all other amounts owing or due under the terms of the Second Lien Term Documents (including interest, fees, indemnification payments,
expense reimbursements and other amounts which, but for the filing of an Insolvency Proceeding with respect to such Term Loan Party, would have accrued on or been payable with respect to any Second Lien Term Obligation, whether or not a claim is
allowed or allowable against such Term Loan Party for such interest, fees, indemnification payments, expense reimbursements and other amounts in the related Insolvency Proceeding), as the same may be Amended or Refinanced in whole or in part or
otherwise modified from time to time in accordance with the terms hereof and thereof. 
 “Second Lien Term
Secured Parties” shall mean each Second Lien Term Agent and all Second Lien Term Lenders. 

“Secured Bank Product Obligations” shall have the meaning assigned to such term in the ABL Credit
Agreement. 
 “Secured Parties” shall mean the ABL Secured Parties and the Term Secured Parties.

 “Subsidiary” of a Person means a corporation, partnership, joint venture, limited liability
company, unlimited liability company or other business entity of which a majority of the shares of Equity Interests having ordinary voting power for the election of directors or other governing body are at the time beneficially owned, or the
management of which is otherwise controlled, directly, or indirectly through one or more intermediaries, or both, by such Person. Unless otherwise specified, all references herein to a “Subsidiary” or to “Subsidiaries” shall
refer to a Subsidiary or Subsidiaries of a Loan Party. 
 “Term Agents” shall have the meaning set
forth in the Preamble hereto. 
 “Term Collateral Documents” shall mean the First Lien Term
Collateral Document and the Second Lien Term Collateral Documents. 
 “Term Collateral Proceeds
Account” shall mean the deposit account identified in writing to the ABL Agent from time to time in the name of any Designated Term Agent or the Company which contains (or was established to contain) only Proceeds of Term Priority
Collateral. 
 “Term DIP Financing” shall have the meaning set forth in Section 6.1(b). 

“Term Documents” shall mean the First Lien Term Loan Documents and the Second Lien Term Loan
Documents. 

  
 13 

 “Term Guarantors” shall mean the collective
reference to each direct or indirect Subsidiary or direct or indirect parent of the Term Loan Borrower who is or becomes a guarantor under any Term Guaranty with respect to the Term Loan Borrowers’ Term Obligations. 

“Term Guaranty” shall mean the First Lien Term Guaranty and the Second Lien Term Guaranty. 

“Term Lender Intercreditor Agreement” shall mean that certain Term Lender Intercreditor Agreement
dated as of the date hereof by and between the First Lien Term Agent and the Second Lien Term Agent, as amended, supplemented or replaced from time to time. 

“Term Lenders” shall mean the First Lien Term Lenders and the Second Lien Term Lenders. 

“Term Loan Credit Agreements” shall mean the First Lien Term Loan Credit Agreement and the Second Lien
Term Loan Credit Agreement. 
 “Term Loan Borrower” shall have the meaning assigned to that term in
the recitals to this Agreement. 
 “Term Loan Parties” shall have the meaning assigned to that term
in the recitals to this Agreement. 
 “Term Obligations” shall mean the First Lien Term Obligations
and the Second Lien Term Obligations. 
 “Term Priority Collateral” shall mean all Collateral, other
than ABL Priority Collateral, including the following: 

(1)        Pledged Shares; 

(2)        Equipment; 

(3)        Intellectual Property; 

(4)        Real Property; 

(5)        Payment intangibles of, and promissory notes in favor of,
any Term Loan Party (other than payments in respect of business interruption insurance constituting ABL Priority Collateral); 

(6)        all Goods other than Inventory; 

(7)        General intangibles, including goodwill, not constituting
ABL Priority Collateral; 
 (8)        the Term Collateral Proceeds
Account; provided, however, that to the extent that identifiable Proceeds of ABL Priority Collateral are deposited into such account, any such identifiable Proceeds shall be treated as ABL Priority Collateral; 

(9)        all specifically identifiable Proceeds of Term Priority
Collateral contained in any Deposit Account (other than the Term Collateral Proceeds Account), Securities Account or Commodity Account; 

  
 14 

 (10)        tax
refunds or rebates; 
 (11)        all Documents, Instruments,
Chattel Paper (including Tangible Chattel Paper and Electronic Chattel Paper), Letters of Credit Rights, Commercial Tort Claims, and books and Records, in each case relating to the items referred to in the preceding clauses (including all books,
databases, and Records, whether tangible or electronic, which contain any information relating to any of the items referred to in the preceding clauses); 

(12)        to the extent not otherwise included, all Proceeds
(including all insurance proceeds), Supporting Obligations and products of any of the foregoing described in clauses (1) through (11) and all collateral security and guarantees with respect to any of the foregoing; and 

(13)        all other Collateral other than ABL Priority Collateral.

 “Term Recovery” shall have the meaning set forth in Section 5.3(b). 

“Term Standstill Period” shall have the meaning set forth in Section 2.3(a). 

“Term Secured Parties” means, collectively, the First Lien Term Secured Parties and the Second Lien
Term Secured Parties. 
 “Trademarks” means, with respect to any Person, all of such Person’s
right, title, and interest in and to the following: (a) all trademarks (including service marks), trade names, trade dress, and trade styles and the registrations and applications for registration thereof and the goodwill of the business
symbolized by the foregoing; (b) all licenses of the foregoing, whether as licensee or licensor; (c) all renewals of the foregoing; (d) all income, royalties, damages, and payments now or hereafter due or payable with respect thereto,
including, without limitation, damages, claims, and payments for past and future infringements thereof; (e) all rights to sue for past, present, and future infringements of the foregoing, including the right to settle suits involving claims and
demands for royalties owing; and (f) all rights corresponding to any of the foregoing throughout the world. 

“Uniform Commercial Code” shall mean the Uniform Commercial Code as the same may, from time to time,
be in effect in the State of New York; provided that to the extent that the Uniform Commercial Code is used to define any term in any security document and such term is defined differently in differing Articles of the Uniform Commercial Code,
the definition of such term contained in Article 9 shall govern; provided further that in the event that, by reason of mandatory provisions of law, any or all of the attachment, perfection, publication or priority of, or remedies with
respect to, Liens of any party is governed by the Uniform Commercial Code or foreign personal property security laws as enacted and in effect in a jurisdiction other than the State of New York, the term “Uniform Commercial Code” will mean
the Uniform Commercial Code or such foreign personal property security laws as enacted and in effect in such other jurisdiction solely for purposes of the provisions thereof relating to such attachment, perfection, priority or remedies and for
purposes of definitions related to such provisions. 
 “Use Period” means, with respect to each
parcel or item of Term Priority Collateral, the period, following the commencement of any Exercise of Any Secured Creditor Remedies, which begins on the earlier of (a) the day on which the ABL Agent provides the Designated Term Agent with the
notice of its election to request access to such parcel or item of Term Priority Collateral pursuant to Section 3.5(b) and (b) the fifth Business Day after the Designated Term Agent provides the ABL Agent with notice that the any Term
Agent (or its agent) has obtained possession or control of such parcel or item of Term Priority Collateral and ends on the earliest of (i) the day which is 180 days after the date on which the ABL Agent initially obtains the ability to take
physical possession of, remove or otherwise control physical access to, 

  
 15 

 
or actually uses, such parcel or item of Term Priority Collateral, plus such number of days, if any, during such 180 day period that it is stayed or otherwise prohibited by law or court order
from exercising remedies with respect to associated ABL Priority Collateral, (ii) the date on which (A) all or substantially all of the ABL Priority Collateral associated with such parcel or item of Term Priority Collateral is sold,
collected or liquidated or (B) the ABL Agent has abandoned the ABL Priority Collateral at such parcel or permanently ceases efforts to liquidate, complete, sell, prepare for sale, store or otherwise exercise the rights provided under
Section 3.5(b) with respect to the ABL Priority Collateral with respect to any item or parcel of Term Priority Collateral and confirms in writing such facts to the Designated Term Agent (or fails to respond within ten (10) Business Days to
a written request from the Designated Term Agent to so confirm) or, (iii) the Discharge of ABL Obligations and (iv) the date on which the default which resulted in such Exercise of Any Secured Creditor Remedies has been waived in writing.

 Section 1.3        Rules of Construction. Unless the context of
this Agreement clearly requires otherwise, references to the plural include the singular, references to the singular include the plural, the term “including” is not limiting and shall be deemed to be followed by the phrase “without
limitation,” and the term “or” has, except where otherwise indicated, the inclusive meaning represented by the phrase “and/or.” The words “hereof,” “herein,” “hereby,” “hereunder,” and
similar terms in this Agreement refer to this Agreement as a whole and not to any particular provision of this Agreement. Article, section, subsection, clause, schedule and exhibit references herein are to this Agreement unless otherwise specified.
Any reference in this Agreement to any agreement, instrument, or document shall include all alterations, Amendments or Refinancings, changes, restatements, extensions, modifications, renewals, replacements, substitutions, joinders, and supplements
thereto and thereof, as applicable (subject to any restrictions on such alterations, Amendments and Refinancings, changes, restatements, extensions, modifications, renewals, replacements, substitutions, joinders, and supplements set forth herein).
Any reference herein to any Person shall be construed to include such Person’s successors and assigns. Any reference herein to the repayment in full of an obligation shall mean the payment in full in cash of such obligation, or in such other
manner as may be approved in writing by the requisite holders or representatives in respect of such obligation. Any reference herein to a time of day means Eastern time. Any term referenced herein by cross-reference to a defined term in the ABL
Credit Agreement shall be deemed to be a cross-reference to a defined term in the ABL Credit Agreement or the same or comparable term in any other ABL Credit Agreement. Any term referenced herein by cross-reference to a defined term in the Term Loan
Credit Agreement shall be deemed to be a cross-reference to a defined term in the Term Loan Credit Agreement or the same or comparable term in any other Term Loan Credit Agreement. 

ARTICLE 2 
 LIEN
PRIORITY 
 Section 2.1        Priority of Liens. 

(a)        Notwithstanding (i) the date, time, method, manner, or order of
grant, attachment, or perfection of, or any defect or deficiency in, or failure to perfect, any Liens granted to the ABL Secured Parties in respect of all or any portion of the Collateral or any Liens granted to the Term Secured Parties in respect
of all or any portion of the Collateral and regardless of how any such Lien was acquired (whether by grant, statute, operation of law, subrogation or otherwise), (ii) the order or time of filing or recordation of any document or instrument for
perfecting the Liens in favor of the ABL Agent for the benefit of the ABL Secured Parties or any Term Agent for the benefit of the Term Secured Parties in any Collateral, (iii) any provision of the Uniform Commercial Code, Debtor Relief Laws or
any other applicable law, or of the ABL Documents or the Term Documents, (iv) whether the ABL Agent or any Term Agent, in each case, either directly or through agents, holds possession of, or has control over, all or any part of the Collateral,
(v) the date on which the ABL Obligations or the Term Obligations are advanced or made available to the 

  
 16 

 
Loan Parties, or (vi) any failure of the ABL Agent or any Term Agent to perfect its Lien in the Collateral, the subordination of any Lien on the Collateral securing any ABL Obligations or
Term Obligations, as applicable, to any Lien securing any other obligation of any Borrower or Term Guarantor, or the avoidance, invalidation or lapse of any Lien on the Collateral securing any ABL Obligations or Term Obligations, the ABL Agent, on
behalf of itself and the ABL Secured Parties, and each Term Agent, on behalf of itself and the applicable Term Secured Parties, hereby agree that the following priorities apply to the Liens upon and right to payment from Proceeds of the ABL Priority
Collateral and the Term Priority Collateral: 
 (1)        any Lien
on the ABL Priority Collateral securing any ABL Obligations now or hereafter held by or on behalf of the ABL Agent or any ABL Secured Party or any agent or trustee therefor, regardless of how acquired, whether by grant, possession, statute,
operation of law, subrogation or otherwise, shall be senior in all respects and prior to any Lien now or hereafter held by any Term Secured Party on the ABL Priority Collateral securing any Term Obligations; and 

(2)        any Lien on the Term Priority Collateral securing any Term
Obligations now or hereafter held by or on behalf of any Term Agent, any Term Secured Party or any agent or trustee therefor, regardless of how acquired, whether by grant, possession, statute, operation of law, subrogation or otherwise, shall be
senior in all respects and prior to any Liens now or hereafter held by the ABL Secured Parties on the Term Priority Collateral securing any ABL Obligations. 

(b)        Each Term Agent, for and on behalf of itself and the applicable Term
Secured Parties, acknowledges and agrees that, concurrently herewith, the ABL Agent, for the benefit of itself and the other ABL Secured Parties, has been, or may be, granted Liens upon all of the Term Priority Collateral and each Term Agent hereby
consents thereto. The ABL Agent, for and on behalf of itself and the ABL Secured Parties, acknowledges and agrees that, concurrently herewith, each Term Agent, for the benefit of itself and the other Term Secured Parties represented by it, has been,
or may be, granted Liens upon all of the ABL Priority Collateral and the ABL Agent hereby consents thereto. The subordination of Liens by each Term Agent and the ABL Agent in favor of one another as set forth herein shall not be deemed to
subordinate any Term Agent’s Liens or the ABL Agent’s Liens to the Liens of any other Person. 
 Section
2.2        Waiver of Right to Contest Liens. 

(a)        Each Term Agent, for and on behalf of itself and the applicable Term
Secured Parties, agrees that it and they shall not (and hereby waives any right to) take any action to contest or challenge (or assist or support any other Person in contesting or challenging), directly or indirectly, whether or not in any
proceeding (including in any Insolvency Proceeding), the validity, priority, enforceability, or perfection of the Liens of the ABL Agent and the ABL Secured Parties in respect of the Collateral or the provisions of this Agreement. Each Term Agent,
for itself and on behalf of the applicable Term Secured Parties, agrees that none of the Term Agents or the Term Secured Parties will take any action that would interfere with any Exercise of Secured Creditor Remedies undertaken by the ABL Agent or
any ABL Secured Party under the ABL Documents with respect to the ABL Priority Collateral. Each Term Agent, for itself and on behalf of the applicable Term Secured Parties, hereby waives any and all rights it or the Term Secured Parties may have as
a junior lien creditor or otherwise to contest, protest, object to, or interfere with the manner in which the ABL Agent or any ABL Lender seeks to enforce its Liens in any ABL Priority Collateral. The foregoing shall not be construed to prohibit any
Term Agent from enforcing the provisions of this Agreement or otherwise acting in accordance with this Agreement. 

  
 17 

 (b)        The ABL Agent, for and
on behalf of itself and the ABL Secured Parties, agrees that it shall not (and hereby waives any right to) take any action to contest or challenge (or assist or support any other Person in contesting or challenging), directly or indirectly, whether
or not in any proceeding (including in any Insolvency Proceeding), the validity, priority, enforceability, or perfection of the Liens of any Term Agent or any Term Secured Parties in respect of the Collateral or the provisions of this Agreement.
Except to the extent expressly set forth in Section 3.5 of this Agreement, the ABL Agent, for itself and on behalf of the ABL Secured Parties, agrees that none of the ABL Agent or the ABL Secured Parties will take any action that would
interfere with any Exercise of Secured Creditor Remedies undertaken by any Term Agent under the Term Documents with respect to the Term Priority Collateral. The ABL Agent, for itself and on behalf of the ABL Secured Parties, hereby waives any and
all rights it or the ABL Secured Parties may have as a junior lien creditor or otherwise to contest, protest, object to, or interfere with the manner in which any Term Agent seeks to enforce its Liens in any Term Priority Collateral. The foregoing
shall not be construed to prohibit the ABL Agent from enforcing the provisions of this Agreement or otherwise acting in accordance with this Agreement. 

Section 2.3        Remedies Standstill. 

(a)        Each Term Agent, on behalf of itself and the applicable Term Secured
Parties, agrees that, from the date hereof until the date upon which the Discharge of ABL Obligations shall have occurred, no Term Agent nor any Term Secured Party will Exercise Any Secured Creditor Remedies with respect to any of the ABL Priority
Collateral; provided, however, that the Designated Term Agent or any person authorized by it may Exercise Any Secured Creditor Remedies with respect to any ABL Priority Collateral (but not rights the exercise of which is otherwise
prohibited by this Agreement including Article 6 hereof) after a period (the “Term Standstill Period”) of 180 consecutive days has elapsed from the date of delivery of written notice from the Designated Term Agent to the ABL Agent stating that (i) an Event of Default (as defined under the applicable Term Documents) has occurred and is continuing thereunder, (ii) the Term Obligations under the Term
Documents are currently due and payable in full (whether as a result of acceleration thereof or otherwise) in accordance with the terms of such Term Documents, and (iii) the Designated Term Agent intends to exercise its rights to the Exercise
of Secured Creditor Remedies; provided, further, that the Term Agents shall not be entitled to Exercise Any Secured Creditor Remedies with respect to any ABL Priority Collateral in the event (x) the ABL Agent or any ABL Secured
Parties are then diligently pursuing their rights and remedies with respect to all or a material portion of the ABL Priority Collateral or diligently attempting to vacate any stay or prohibition against such exercise or (y) a Loan Party is then
a debtor under or with respect to (or otherwise subject to) any Insolvency Proceeding. From and after the date that is the earlier of (x) the date upon which the Discharge of ABL Obligations shall have occurred and (y) the date the Term
Standstill Period shall have expired (subject to the second proviso in the preceding sentence), any Term Agent may Exercise Any Secured Creditor Remedies under the Term Documents or applicable law as to any ABL Priority Collateral; provided,
however, that any Exercise of Secured Creditor Remedies with respect to any ABL Priority Collateral by any Term Agent is at all times subject to the provisions of this Agreement, including the provisions of Section 4.1. 

(b)        The ABL Agent, on behalf of itself and the ABL Secured Parties, agrees
that, from the date hereof until the date upon which the Discharge of Term Obligations shall have occurred, neither the ABL Agent nor any ABL Secured Party will Exercise Any Secured Creditor Remedies with respect to any of the Term Priority
Collateral; provided, however, that the ABL Agent may Exercise Any Secured Creditor Remedies with respect to any Term Priority Collateral (but not rights the exercise of which is otherwise prohibited by this Agreement including Article
6 hereof) after a period (the “ABL Standstill Period”) of 180 consecutive days has elapsed from the date of delivery of written notice from the ABL Agent to each Term Agent stating that (i) an Event of Default (as
defined under the applicable ABL Documents) has occurred and is continuing thereunder, (ii) the ABL Obligations under such ABL 

  
 18 

 
Documents are currently due and payable in full (whether as a result of acceleration thereof or otherwise) in accordance with the terms of such ABL Documents, and (iii) the ABL Agent intends
to exercise its rights to the Exercise of Secured Creditor Remedies; provided, further, that the ABL Agent shall not be entitled to Exercise Any Secured Creditor Remedies with respect to any Term Priority Collateral in the event
(x) any Term Agent or any Term Secured Parties are then diligently pursuing their rights and remedies with respect to all or a material portion of the Term Priority Collateral or diligently attempting to vacate any stay or prohibition against
such exercise or (y) a Loan Party is then a debtor under or with respect to (or otherwise subject to ) any Insolvency Proceeding. From and after the date that is the earlier of (A) the date upon which the Discharge of Term Obligations
shall have occurred and (B) the date the ABL Standstill Period shall have expired (subject to the second proviso in the preceding sentence), the ABL Agent or any ABL Secured Party may Exercise Any Secured Creditor Remedies under the ABL
Documents or applicable law as to any Term Priority Collateral; provided, however, that any Exercise of Secured Creditor Remedies with respect to any Term Priority Collateral by the ABL Agent or the ABL Secured Parties is at all times
subject to the provisions of this Agreement, including the provisions of Section 4.1. 

(c)        Notwithstanding the provisions of Sections 2.3(a), 2.3(b) or any other
provision of this Agreement, nothing contained herein shall be construed to prevent any Agent or any Secured Party from (i) filing a claim or statement of interest with respect to the ABL Obligations or Term Obligations owed to it in any
Insolvency Proceeding commenced by or against any Loan Party, (ii) taking any action (not adverse to the Lien Priority of the Liens of the other Agent or other Secured Parties on the Collateral in which such other Agent or other Secured Party
has a priority Lien or the rights of the other Agent or any of the other Secured Parties to Exercise Any Secured Creditor Remedies in respect thereof) in order to create, perfect, preserve or protect (but not enforce) its Lien on any Collateral,
(iii) filing any necessary or responsive pleadings in opposition to any motion, adversary proceeding or other pleading filed by any Person objecting to or otherwise seeking disallowance of the claim or Lien of such Agent or Secured Party,
(iv) filing any pleadings, objections, motions, or agreements which assert rights available to unsecured creditors of the Loan Parties arising under any Insolvency Proceeding or applicable non-bankruptcy
law to the extent not inconsistent with the terms of this Agreement, (v) Subject to Section 6.11, voting on any plan of reorganization or filing any proof of claim in any Insolvency Proceeding of any Loan Party, or
(vi) bidding for and purchasing Collateral at any private or judicial foreclosure sale of such Collateral initiated by the applicable Agent (so long as such bid is subject to the limitations on credit bidding set forth in
Section 6.4(a) and Section 6.4(b)), in each case (i) through (vi) above to the extent not inconsistent with the terms of this Agreement. 

Section 2.4        Exercise of Rights. 

(a)        No Other Restrictions. The ABL Agent may enforce the provisions of
the ABL Documents, each Term Agent may enforce the provisions of the applicable Term Documents and each may Exercise Any Secured Creditor Remedies, all in such order and in such manner as each may determine in the exercise of its sole discretion,
consistent with the terms of this Agreement; provided, however, that each of the ABL Agent and each Term Agent agrees to provide to the other (x) an Enforcement Notice prior to the commencement of an Exercise of Secured Creditor
Remedies and (y) copies of any notices that it is required under applicable law to deliver to any Loan Party; provided further, however, that the ABL Agent’s failure to provide any such copies to each Term Agent shall
not impair any of the ABL Agent’s rights hereunder or under any of the ABL Documents and any Term Agent’s failure to provide any such copies to the ABL Agent shall not impair any of such Term Agent’s rights hereunder or under any of
the applicable Term Documents. Each of the Term Agents (on behalf of itself and the applicable Term Secured Parties) and the ABL Agent (on behalf of itself and the ABL Secured Parties) agrees (i) that it will not institute any suit or other
proceeding or assert in any suit, Insolvency Proceeding or other proceeding any claim, in the case of each of the Term Agents and the applicable Term Secured Parties, against the ABL Agent or any 

  
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other ABL Secured Party, and in the case of the ABL Agent and each other ABL Secured Party, against the Term Agents or any other Term Secured Party, seeking damages from or other relief by way of
specific performance, instructions or otherwise, with respect to, any action taken or omitted to be taken by such Person with respect to the Collateral which is consistent with the terms of this Agreement, and none of such parties shall be liable
for any such action taken or omitted to be taken, or (ii) without the other Agent’s prior written consent, it will not be a petitioning creditor or otherwise assist in the filing of an involuntary Insolvency Proceeding. 

(b)        Release of Liens. 

(i)        In the event of (A) any private or public sale of all or any portion
of the ABL Priority Collateral in connection with any Exercise of Secured Creditor Remedies by the ABL Agent or any Disposition by the ABL Loan Parties with the consent of the ABL Agent while an Event of Default under the ABL Documents has occurred
and is continuing (so long as the proceeds of such sale or Disposition are applied in accordance with Section 4.1(b)), or (B) any sale, transfer or other Disposition of all or any portion of the ABL Priority Collateral
(other than in connection with an Amendment or Refinancing as described in Section 5.2(c)), so long as such sale, transfer or other Disposition is then permitted by the ABL Documents and the Term Documents or consented to
by the requisite ABL Lenders and the requisite Term Lenders, as applicable, each Term Agent agrees, on behalf of itself and the applicable Term Secured Parties that such sale, transfer or other Disposition will be free and clear of the Liens on such
ABL Priority Collateral securing the applicable Term Obligations, and such Term Agent’s and the applicable Term Secured Parties’ Liens with respect to the ABL Priority Collateral so sold, transferred, or disposed shall terminate and be
automatically released without further action concurrently with, and to the same extent as, the release of the ABL Secured Parties’ Liens on such ABL Priority Collateral; provided, that the Liens of the parties shall attach to the
Proceeds of any such Disposition of the ABL Priority Collateral with the same relative priority as the Liens which attached to the ABL Priority Collateral so released. In furtherance of, and subject to, the foregoing, each Term Agent agrees that it
will promptly execute and deliver any and all Lien releases or other documents reasonably requested by the ABL Agent in connection therewith. 

(ii)        In the event of (A) any private or public sale of all or any portion
of the Term Priority Collateral in connection with any Exercise of Secured Creditor Remedies by any Term Agent or any Disposition by the Term Loan Parties with the consent of the applicable Term Agent while an Event of Default under the Term
Documents has occurred and is continuing (so long as the proceeds of such sale or Disposition are applied in accordance with Section 4.1(c)), or (B) any sale, transfer or other Disposition of all or any portion of the
Term Priority Collateral (other than in connection with an Amendment or Refinancing as described in Section 5.2(c)), so long as such sale, transfer or other Disposition is then permitted by the applicable Term Documents and
the ABL Documents or consented to by the requisite applicable Term Lenders and the requisite ABL Lenders, as applicable, the ABL Agent agrees, on behalf of itself and the ABL Lenders, that such sale, transfer or Disposition will be free and clear of
the Liens on such Term Priority Collateral securing the ABL Obligations and the ABL Agent’s and the ABL Secured Parties’ Liens with respect to the Term Priority Collateral so sold, transferred, or disposed shall terminate and be
automatically released without further action concurrently with, and to the same extent as, the release of the applicable Term Secured Parties’ Liens on such Term Priority Collateral; provided, that the Liens of the parties shall attach
to the Proceeds of any such Disposition of the Term Priority Collateral with the same relative priority as the Liens which attached to the Term Priority Collateral so released. In furtherance of, and subject to, the foregoing, the ABL Agent agrees
that it will promptly execute and deliver any and all Lien releases or other documents reasonably requested by the applicable Term Agent in connection therewith. 

  
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 Section 2.5        No New Liens. 

(a)        Subject to Article 6, until the Discharge of ABL Obligations, and for so
long as the Term Obligations are secured by any ABL Priority Collateral, the parties hereto agree that no Loan Party shall grant any Lien on any assets of any Loan Party securing any Term Obligation which assets are not also subject to the Lien of
the ABL Agent under the ABL Documents. If any Term Secured Party shall nonetheless acquire or hold any Lien on any assets of any Loan Party securing any Term Obligation which assets are not also subject to the Lien of the ABL Agent under the ABL
Documents, then the applicable Term Agent (or the relevant Term Secured Party) shall, without the need for any further consent of any other Term Secured Party or any Term Loan Party and notwithstanding anything to the contrary in any other Term
Document, be deemed to also hold and have held such Lien as agent or bailee for the benefit of the ABL Agent as security for the ABL Obligations (subject to the Lien Priority and other terms hereof) and shall promptly notify the ABL Agent in writing
of the existence of such Lien. 
 (b)        Subject to Article 6 and the proviso
at the end of this sentence, until the Discharge of Term Obligations, and for so long as the ABL Obligations are secured by any Term Priority Collateral, the parties hereto agree that no Loan Party shall grant any Lien on any of its assets securing
any ABL Obligation which assets are not also subject to the Lien of each Term Agent under the applicable Term Documents; provided, that, the parties acknowledge and agree that prior to the date of this agreement, Non-US Loan Parties (Existing) previously granted Liens on assets of such Non-US Loan Parties (Existing) to secure the ABL Obligations and such prior grant of Liens shall not
be deemed to be a violation of this Section 2.5(a). If any ABL Secured Party shall nonetheless acquire or hold any Lien on any assets of any such Loan Party (other than Non-US Loan Parties (Existing))
securing any ABL Obligation which assets are not also subject to the Lien of each Term Agent under the applicable Term Documents, then the ABL Agent (or the relevant ABL Secured Party) shall, without the need for any further consent of any other ABL
Secured Party or any ABL Loan Party and notwithstanding anything to the contrary in any other ABL Document, be deemed to also hold and have held such Lien as agent or bailee for the benefit of each Term Agent as security for the Term Obligations
(subject to the Lien Priority and other terms hereof) and shall promptly notify each Term Agent in writing of the existence of such Lien. 

(c)        Each of the Secured Parties acknowledges and agrees that the Agents and
Secured Parties may obtain Liens on certain of the assets of Non-US Loan Parties (including Equity Interests owned by such Non-US Loan Parties) which assets will not
constitute Collateral for purposes of this Agreement if the applicable Loan Party is not both an ABL Loan Party and a Term Loan Party. 

Section 2.6        Waiver of Marshalling. 

(a)        Until the Discharge of ABL Obligations, each Term Agent, on behalf of
itself and the applicable Term Secured Parties, agrees not to assert and hereby waives, to the fullest extent permitted by law, any right to demand, request, plead or otherwise assert or otherwise claim the benefit of, any marshalling, appraisal,
valuation or other similar right that may otherwise be available under applicable law with respect to the ABL Priority Collateral or any other similar rights a junior secured creditor may have under applicable law. 

(b)        Until the Discharge of Term Obligations, the ABL Agent, on behalf of
itself and the ABL Secured Parties, agrees not to assert and hereby waives, to the fullest extent permitted by law, any right to demand, request, plead or otherwise assert or otherwise claim the benefit of, any marshalling, appraisal, valuation or
other similar right that may otherwise be available under applicable law with respect to the Term Priority Collateral or any other similar rights a junior secured creditor may have under applicable law. 

  
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 ARTICLE 3 

ACTIONS OF THE PARTIES 

Section 3.1        Certain Actions Permitted. Each Term Agent and the ABL
Agent may make such demands or file such claims in respect of the Term Obligations or the ABL Obligations, as applicable, as are necessary to prevent the waiver or bar of such claims under applicable statutes of limitations or other statutes, court
orders, or rules of procedure at any time; provided that any judgment lien obtained in connection with such action shall be subject to the terms of this Agreement. 

Section 3.2        Agent for Perfection. 

(a)        The ABL Agent, for and on behalf of itself and each ABL Secured Party, and
each Term Agent, for and on behalf of itself and each applicable Term Secured Party, as applicable, each agrees to hold all Collateral in its respective possession, custody, or control (including as defined in Sections
9-104, 9-105, 9-106, 9-107 and 8-106 of the UCC)
(or in the possession, custody, or control of agents or bailees for either) as agent for each other Agent solely for the purpose of perfecting the security interest granted to each in such Collateral, subject to the terms and conditions of this
Section 3.2. The ABL Agent agrees to act as agent of each Term Agent for and on behalf of itself and each applicable Term Secured Party under each ABL Deposit and Security Account solely for the purpose of perfection of each applicable Term
Secured Parties’ security interest therein. In furtherance thereof, (i) each Term Agent and the Term Secured Parties hereby appoint the ABL Agent as their agent for the purposes of perfecting their security interest in all ABL Deposit and
Security Accounts of any ABL Loan Party and the ABL Agent hereby accepts such appointment and acknowledges and agrees that it shall act for the benefit of each Term Agent and the other Term Secured Parties under each control agreement and
(ii) each ABL Loan Party hereby grants a security interest to the ABL Agent for the benefit of the Term Secured Parties in all ABL Deposit and Security Accounts as security for the Term Obligations. Each Term Agent agrees to act as agent of the
ABL Agent for and on behalf of itself and each ABL Secured Party under the Term Collateral Proceeds Account solely for the purpose of perfection of each applicable ABL Secured Parties’ security interest therein. In furtherance thereof,
(i) the ABL Agent and the ABL Secured Parties hereby appoint each Term Agent as their agent for the purposes of perfecting their security interest in the Term Collateral Proceeds Account and each Term Agent hereby accepts such appointment and
acknowledges and agrees that it shall act for the benefit of the ABL Agent and the other ABL Secured Parties under each control agreement and (ii) each Term Loan Party hereby grants a security interest to each Term Agent for the benefit of the
ABL Secured Parties in the Term Collateral Proceeds Account as security for the ABL Obligations. None of the ABL Agent, the other ABL Secured Parties, the Term Agents, or the other Term Secured Parties, as applicable, shall have any obligation
whatsoever to the others to assure that the Collateral is genuine or owned by any Loan Party or any other Person or to preserve rights or benefits of any Person. The duties or responsibilities of the ABL Agent and each Term Agent under this
Section 3.2 are and shall be limited solely to holding or maintaining control of the Control Collateral as agent for the other party for purposes of perfecting the Lien held by each Term Agent or the ABL Agent, as applicable. The ABL Agent is
not and shall not be deemed to be a fiduciary of any kind for the Term Secured Parties or any other Person. Each Term Agent is not and shall not be deemed to be a fiduciary of any kind for the ABL Secured Parties, or any other Person. Each Agent,
for itself and on behalf of each Secured Party represented by it, hereby waives and releases each other Agent from all claims and liabilities arising pursuant to its role under this Section 3.2 as agent and bailee with respect to the
Collateral. Without limiting the generality of the foregoing, (A) other than as set forth in Section 3.6(b), the ABL Secured Parties shall not be obligated to ensure or otherwise see to the application of any Proceeds of the Term Priority
Collateral deposited into any ABL Deposit and Security Account or be answerable in any way for the misapplication thereof and (B) other than as set forth in Section 3.6(c), the Term Secured Parties shall not be obligated to ensure or

  
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otherwise see to the application of any Proceeds of the ABL Priority Collateral deposited into the Term Collateral Proceeds Account or be answerable in any way for the misapplication thereof.

 (b)        The ABL Agent agrees on behalf of itself and the other ABL Secured
Parties that all mortgages, deeds of trust, deeds and similar instruments (collectively, “mortgages”) now or thereafter filed against Real Property in favor of or for the benefit of the ABL Agent shall contain the following notation:
“The lien created by this mortgage on the property described herein is junior and subordinate to the lien on such property created by any mortgage, deed of trust or similar instrument now or hereafter granted to JPMorgan Chase Bank, N.A., as
First Lien Term Agent, or Cortland Capital Market Services LLC, as Second Lien Term Agent, in accordance with the provisions of the Amended and Restated Intercreditor Agreement dated as of March 15, 2019, as amended from time to time.”

 Section 3.3        Insurance. Proceeds of Collateral include
insurance proceeds and, therefore, the Lien Priority shall govern the ultimate disposition of casualty insurance proceeds. The ABL Agent and each Term Agent shall each be named as additional insured or lender loss payee, as applicable, with respect
to all insurance policies relating to the Collateral as set forth in the ABL Credit Agreement or any Term Loan Credit Agreement, as applicable. Until Discharge of ABL Obligations, the ABL Agent shall have the sole and exclusive right, as against
each Term Agent, to adjust settlement of insurance claims in the event of any covered loss, theft or destruction of ABL Priority Collateral and take other such actions with respect to insurance covering the ABL Priority Collateral as set forth in
the ABL Credit Agreement. Until Discharge of the Term Obligations, the Term Agents shall have the sole and exclusive right, as against the ABL Agent, to adjust settlement of insurance claims in the event of any covered loss, theft or destruction of
Term Priority Collateral and take other such actions with respect to insurance covering the Term Priority Collateral as set forth in the Term Documents. To the extent that an insured claim covers both ABL Priority Collateral and Term Priority
Collateral, then the ABL Agent and each Term Agent will work jointly and in good faith to collect, adjust and/or settle under the insurance policy, as applicable. If the parties are unable after negotiating in good faith to agree on the collection,
adjustment or settlement for such claim and the insurer will not settle such claim separately with respect to ABL Priority Collateral and Term Priority Collateral, either party may apply to a court of competent jurisdiction to make a determination
as to the settlement of such claim, and the court’s determination shall be binding upon the parties. All proceeds of such insurance shall be remitted to the ABL Agent or the Designated Term Agent, as the case may be, and each of the Term Agents
and ABL Agent shall cooperate (if necessary) in a reasonable manner in effecting the payment of insurance proceeds in accordance with Section 4.1 hereof. 

Section 3.4        No Additional Rights For the Loan Parties Hereunder.
If any ABL Secured Party or Term Secured Party shall enforce its rights or remedies in violation of the terms of this Agreement, the Loan Parties shall not be entitled to use such violation as a defense to any action by any ABL Secured Party or Term
Secured Party, nor to assert such violation as a counterclaim or basis for set off or recoupment against any ABL Secured Party or Term Secured Party. 

Section 3.5        Inspection and Access Rights. 

(a)        In the event that the ABL Agent shall, in the exercise of its rights under
the ABL Documents or otherwise, receive possession or control of any books and Records of any Loan Party which contain information identifying or pertaining to the Term Priority Collateral, the ABL Agent shall, upon request from any Term Agent and
as promptly as practicable thereafter, either make available to such Term Agent such books and records for inspection and duplication or provide to such Term Agent copies thereof. In the event that any Term Agent shall, in the exercise of its rights
under the Term Documents or otherwise, receive possession or control of any books and records of any Loan Party which contain information identifying or pertaining to any of the ABL Priority Collateral, such Term Agent shall, upon request from

  
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the ABL Agent and as promptly as practicable thereafter, either make available to the ABL Agent such books and records for inspection and duplication or provide the ABL Agent copies thereof. Each
Term Agent hereby irrevocably grants the ABL Agent a non-exclusive worldwide license and/or right, to the maximum extent permitted by applicable law, exercisable without payment of royalty or other
compensation, to use, license or sublicense any of the Intellectual Property (including the right to access to all media in which any of the Intellectual Property may be recorded or stored and to all computer software and programs used for the
compilation or printout thereof) now or hereafter owned by, licensed to, or otherwise used by the Loan Parties in order for ABL Agent and ABL Secured Parties to purchase, use, market, repossess, possess, store, assemble, manufacture, process, sell,
transfer, distribute or otherwise Dispose of any asset included in the ABL Priority Collateral in connection with liquidation, Disposition or Realization upon the ABL Priority Collateral in accordance with the terms of this Agreement. Each Term
Agent agrees that any sale, transfer or other disposition of any of the Loan Parties’ Intellectual Property (whether by foreclosure or otherwise) will be subject to the ABL Agent’s rights as set forth in this
Section 3.5. 
 (b)        If any Term Agent, or any
agent or representative of any Term Agent, or any receiver, shall, after the commencement of any Exercise of Any Secured Creditor Remedies, obtain possession or physical control of any of the Term Priority Collateral, such Term Agent shall promptly
notify the ABL Agent in writing of that fact, and the ABL Agent shall, within ten Business Days thereafter, notify such Term Agent in writing as to whether the ABL Agent desires to exercise access rights under this Agreement. In addition, the ABL
Agent shall promptly notify such Term Agent that the ABL Agent is exercising its access rights under this Agreement and its rights under Section 3.5 under either circumstance. Upon delivery of such notice by the ABL Agent
to such Term Agent, ABL Agent shall have (i) an irrevocable, non-exclusive right to have access to, and a rent-free right to use, the relevant parcel or item the Term Priority Collateral and (ii) the
right during normal business hours during the Use Period, and with reasonable prior notice, to use the Term Priority Collateral in order to assemble, inspect, copy or download information stored on, take action to perfect its Liens on, complete a
production run of inventory, take possession of, move, prepare and advertise for sale, sell (by public auction, private sale or a “going out of business” or similar sale, whether in bulk, in lots or to customers in the ordinary course of
business or otherwise and which sale may include augmented Inventory of the same type sold in any ABL Loan Party’s business), store or otherwise deal with the ABL Priority Collateral, in each case without liability to any Term Secured Party,
except as set forth herein. Consistent with the definition of “Use Period,” access rights will apply to differing parcels or items of Term Priority Collateral at differing times, in which case, a differing Use Period will apply to
each such parcel or items. The Term Agents may not sell, assign or otherwise transfer the related Term Priority Collateral prior to the expiration of the Use Period applicable thereto unless such sale, assignment or transfer is subject to the ABL
Agent’s rights of access pursuant to the terms of this Agreement (including the Use Period afforded to the ABL Agent hereunder). 

(c)        The ABL Agent shall take proper and reasonable care under the
circumstances of any Term Priority Collateral that is used by the ABL Agent during the Use Period and repair and replace any damage (ordinary wear-and-tear excepted)
caused by the ABL Agent or its agents, representatives or designees and the ABL Agent shall comply with all applicable laws in all material respects in connection with its use or occupancy or possession of the Term Priority Collateral. The ABL Agent
shall indemnify and hold harmless the Term Agents and the Term Secured Parties for any injury or damage to Persons or property (ordinary wear-and-tear excepted) caused
directly by the acts or omissions of Persons under its control and except for injury or damage arising from the gross negligence or willful misconduct of any Term Secured Party as determined by a final
non-appealable judgment by a court of competent jurisdiction; provided, however, that the ABL Agent and the ABL Secured Parties will not be liable for any diminution in the value of Term Priority
Collateral caused by the absence of the ABL Priority Collateral therefrom. Notwithstanding the foregoing, in no event shall the ABL Secured Parties or the ABL Agent have any 

  
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liability to the Term Secured Parties and/or to any Term Agent pursuant to this Section 3.5 as a result of any condition (including any environmental condition, claim or liability) on or
with respect to the Term Priority Collateral existing prior to the date of the exercise by the ABL Secured Parties (or the ABL Agent, as the case may be) of their rights under this Section 3.5 and the ABL Secured Parties shall have no duty or
liability to maintain the Term Priority Collateral in a condition or manner better than that in which it was maintained prior to the use thereof by the ABL Secured Parties. The ABL Agent and each Term Agent shall cooperate and use reasonable efforts
to ensure that their activities during the Use Period as described in this Section 3.5 do not interfere materially with the activities of the other as described in this Section 3.5, including the right of the Term Agents to show the Term
Priority Collateral to prospective purchasers and to ready the Term Priority Collateral for sale. 
 Section
3.6        Tracing of and Priorities in Proceeds. 

(a)        The ABL Agent, for itself and on behalf of the ABL Secured Parties, and
each Term Agent, for itself and on behalf of the applicable Term Secured Parties, agree that prior to an issuance of any Enforcement Notice by such Secured Party, any Proceeds of Collateral, whether or not deposited under control agreements, which
are used by any Loan Party to acquire other property which is Collateral shall not (solely as between the Agents and the Lenders) be treated as Proceeds of Collateral for purposes of determining the relative priorities in the Collateral which was so
acquired. 
 (b)        Notwithstanding anything to the contrary in this Agreement,
each Term Agent on behalf of the Term Secured Parties agrees that, unless (and only to the extent that) the ABL Agent has prior actual knowledge (as a result of written notice from a Term Agent or otherwise) that any deposit in, funds credited to or
other payment into, any of the ABL Deposit and Security Accounts (other than the Term Collateral Proceeds Account) include Term Priority Collateral or Proceeds thereof, such deposits or payments may be treated as ABL Priority Collateral and swept,
applied and otherwise dealt with in accordance with the terms of the ABL Documents. In accordance with the foregoing and the other terms of this Agreement, each ABL Secured Party shall segregate and pay over to the Term Agents upon written request
after delivery of an Enforcement Notice by any Term Agent, in the same form as received and with any necessary endorsements, all Term Priority Collateral and/or identifiable Proceeds of Term Priority Collateral contained in any ABL Deposit and
Security Account (and the ABL Loan Parties hereby authorize and direct the ABL Agent to pay over to the applicable Term Agent such amounts to the extent required hereunder). 

(c)        Notwithstanding anything to the contrary in this Agreement, the ABL Agent
on behalf of the ABL Secured Parties agrees that, unless (and only to the extent that) a Term Agent has prior actual knowledge (as a result of written notice from the ABL Agent or otherwise) that any deposit in, funds credited to or other payment
into, the Term Collateral Proceeds Account include ABL Priority Collateral or Proceeds thereof, such deposits or payments may be treated as Term Priority Collateral and swept, applied and otherwise dealt with in accordance with the terms of the Term
Documents. In accordance with the foregoing and the other terms of this Agreement, each Term Secured Party shall segregate and pay over to the ABL Agent upon written request after delivery of an Enforcement Notice by the ABL Agent, in the same form
as received and with any necessary endorsements, all ABL Priority Collateral and/or identifiable Proceeds of ABL Priority Collateral contained in the Term Collateral Proceeds Account (and the Term Loan Parties hereby authorize and direct the Term
ABL Agents to pay over to the ABL Agent such amounts to the extent required hereunder). 
 Section
3.7        Payments Over. 

  
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 (a)        So long as the Discharge
of ABL Obligations has not occurred, any ABL Priority Collateral or Proceeds thereof not constituting Term Priority Collateral received by any Term Agent or any Term Secured Parties in connection with any Exercise of Secured Creditor Remedies
relating to the ABL Priority Collateral shall be segregated and held in trust and forthwith paid over to the ABL Agent for the benefit of the ABL Secured Parties in the same form as received, with any necessary endorsements or as a court of
competent jurisdiction may otherwise direct. The ABL Agent is hereby authorized to make any such endorsements as agent for any Term Agent or any such Term Secured Parties. This authorization is coupled with an interest and is irrevocable until such
time as this Agreement is terminated in accordance with its terms. 
 (b)        So
long as the Discharge of Term Obligations has not occurred, any Term Priority Collateral or Proceeds thereof not constituting ABL Priority Collateral received by the ABL Agent or any other ABL Secured Party in connection with any Exercise of Secured
Creditor Remedies relating to the Term Priority Collateral shall be segregated and held in trust and forthwith paid over to the Designated Term Agent for the benefit of the Term Secured Parties in the same form as received, with any necessary
endorsements or as a court of competent jurisdiction may otherwise direct. The Designated Term Agent is hereby authorized to make any such endorsements as agent for the ABL Agent or any such other ABL Secured Parties. This authorization is coupled
with an interest and is irrevocable until such time as this Agreement is terminated in accordance with its terms. 

(c)        Nothing in this Agreement shall prohibit the receipt by the ABL Agent or
any Term Agent or any Secured Party of payments of interest, principal and other amounts owed in respect of the ABL Obligations or the Term Obligations so long as such receipt is not the direct or indirect result of the Exercise of Any Secured
Creditor Remedies by the ABL Agent or any Term Agent or any Secured Party in contravention of this Agreement. 
 Section
3.8        Rights as Unsecured Creditors. The Secured Parties may, in accordance with the terms of the Term Documents or the ABL Documents (as applicable) and applicable law, enforce rights and
exercise remedies against the Company and any other Loan Party as unsecured creditors so long as such action is not prohibited by or inconsistent with the terms of this Agreement (including the limitations set forth in Article 6) or any other
provisions prohibiting, limiting or restricting certain actions or objections by the Term Secured Parties or the ABL Secured Parties, as applicable; provided further that in the event any Secured Party becomes a judgment Lien creditor
in respect of any Collateral as a result of its enforcement of its rights as an unsecured creditor with respect to any of its obligations, such judgment Lien shall be subject to the terms of this Agreement, including the relative Lien priorities set
forth in Section 2.1 and Section 4.1. 
 ARTICLE 4 

APPLICATION OF PROCEEDS 

Section 4.1        Application of Proceeds. 

(a)        Revolving Nature of ABL Obligations. Each Term Agent, for and on
behalf of itself and the applicable Term Secured Parties, expressly acknowledges and agrees that (i) the ABL Credit Agreement includes a revolving commitment, that in the ordinary course of business the ABL Agent and the ABL Lenders will apply
payments and make advances thereunder, and that no application of any Collateral or the release of any Lien by the ABL Agent upon any portion of the Collateral in connection with a permitted Disposition by the ABL Loan Parties under any ABL Credit
Agreement shall constitute the Exercise of Secured Creditor Remedies under this Agreement; (ii) the amount of the ABL Obligations that may be outstanding at any time or from time to time may be increased or reduced and subsequently

  
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reborrowed; and (iii) all Collateral or Proceeds thereof received by the ABL Agent may be applied, reversed, reapplied, reborrowed or credited, in whole or in part, to the ABL Obligations at
any time; provided, however, that from and after the date on which the ABL Agent (or any ABL Secured Party) or any Term Agent (or any Term Secured Party) commences the Exercise of Any Secured Creditor Remedies, all amounts received by
the ABL Agent or any ABL Lender or any Term Agent or any Term Secured Party as a result of such enforcement shall be applied as specified in Sections 4.1(b) and (c). The Lien Priority shall not be altered or otherwise affected by any such Amendment
or Refinancing, repayment, reborrowing, or increase of either the ABL Obligations or the Term Obligations, or any portion thereof. 

(b)        Application of Proceeds of ABL Priority Collateral. The ABL Agent
and each Term Agent hereby agree that all ABL Priority Collateral and all Proceeds thereof, received by any of them in connection with any Exercise of Secured Creditor Remedies with respect to the ABL Priority Collateral shall be applied, 

first, (i) to the payment of costs and expenses of the ABL Agent in connection with such Exercise
of Secured Creditor Remedies to the extent provided in the ABL Documents and (ii) in an Insolvency Proceeding and in connection with ABL DIP Financing that otherwise complies with Section 6.1(a) hereof, to the payment of any reasonable
administrative claim, professional fee and U.S. trustee or clerk of the court fee “carveouts”, in each case under this clause (ii), consented to in writing by the ABL Agent to be paid prior to the Discharge of ABL Obligations, 

second, to the payment of the ABL Obligations in accordance with the ABL Documents until the Discharge
of ABL Obligations shall have occurred, 
 third, to the Designated Term Agent to be applied to the
payment of the Term Obligations in accordance with the Term Documents and the Term Lender Intercreditor Agreement until the Discharge of Term Obligations shall have occurred, and 

fourth, the balance, if any, to the Loan Parties or as a court of competent jurisdiction may direct.

 (c)        Application of Proceeds of Term Priority Collateral. The ABL
Agent and each Term Agent hereby agree that all Term Priority Collateral and all Proceeds thereof, received by either of them in connection with any Exercise of Secured Creditor Remedies with respect to the Term Priority Collateral shall be applied,

 first, (i) to the payment of costs and expenses of each Term Agent in connection with such
Exercise of Secured Creditor Remedies to the extent provided in the Term Documents and (ii) in an Insolvency Proceeding and in connection with Term DIP Financing that otherwise complies with Section 6.1(b) hereof, to the payment of any
reasonable administrative claim, professional fee and U.S. trustee or clerk of the court fee “carveouts”, in each case under this clause (ii), consented to in writing by the Designated Term Agent to be paid prior to the Discharge of Term
Obligations, 
 second, to the payment of the Term Obligations in accordance with the Term Documents
and the Term Lender Intercreditor Agreement until the Discharge of Term Obligations shall have occurred, 

third, to the payment of the ABL Obligations in accordance with the ABL Documents until the Discharge
of ABL Obligations shall have occurred, and 

  
 27 

 fourth, the balance, if any, to the Loan Parties or
as a court of competent jurisdiction may direct. 
 (d)        Limited
Obligation or Liability. In exercising remedies, whether as a secured creditor or otherwise, the ABL Agent shall have no obligation or liability to any Term Agent or to any Term Secured Party, and no Term Agent shall have any obligation or
liability to the ABL Agent or any ABL Secured Party, regarding the adequacy of any Proceeds or for any action or omission, except solely for an action or omission that breaches the express obligations undertaken by each Party under the terms of this
Agreement. 
 (e)        Turnover of Collateral after Discharge. Upon the
Discharge of ABL Obligations, the ABL Agent shall deliver to the Designated Term Agent or shall execute such documents as any Term Agent may reasonably request (at the expense of the ABL Borrowers) to enable each Term Agent to have control over, any
Control Collateral of the Term Loan Parties still in the ABL Agent’s possession, custody, or control in the same form as received with any necessary endorsements, or as a court of competent jurisdiction may otherwise direct, subject to the
reinstatement provisions of Section 5.3 below. The ABL Agent also agrees to deliver notices to landlords, bailees, warehousemen, credit card processors, shippers and other third parties that the ABL Agent is no longer a “secured
party” and, if applicable, the “controlling party” (or comparable concepts) under the applicable landlord agreement, collateral access agreement, credit card processor agreement, shipper waiver or other third party document. Upon the
Discharge of Term Obligations, each Term Agent shall deliver to the ABL Agent or shall execute such documents as the ABL Agent may reasonably request (at the expense of the Term Loan Borrower) to enable the ABL Agent to have control over any Control
Collateral still in such Term Agent’s possession, custody or control in the same form as received with any necessary endorsements, or as a court of competent jurisdiction may otherwise direct, subject to the reinstatement provisions of
Section 5.3 below. Each Term Agent also agrees to deliver notices to landlords, bailees, warehousemen, credit card processors, shippers and other third parties that such Term Agent is no longer a “secured party” or, if applicable, the
“controlling party” (or comparable concepts) under the applicable landlord agreement, collateral access agreement, credit card processor agreement, shipper waiver or other third party document. 

(f)        Notwithstanding anything to the contrary contained above or in the
definition of the ABL Priority Collateral or Term Loan Priority Collateral, in the event that Proceeds of Collateral are received from (or are otherwise attributable to the value of) any collection, sale, foreclosure or other realization upon or any
other Enforcement Action that involves a combination of ABL Priority Collateral and Term Loan Priority Collateral, the ABL Agent and the Designated Term Agent shall use commercially reasonable efforts in good faith to allocate such Proceeds to the
ABL Priority Collateral and the Term Loan Priority Collateral. If the ABL Agent and the Designated Term Agent are unable to agree on such allocation within five (5) Business Days (or such other period of time as the ABL Agent and the
Designated Term Agent agree) of the consummation of such collection, sale, foreclosure or other realization upon or any other Enforcement Action, the portion of such Proceeds that shall be allocated as Proceeds of ABL Priority Collateral for
purposes of this Agreement shall be an amount equal to (i) the net book value of such ABL Priority Collateral consisting of Accounts, (ii) the orderly liquidation value of such ABL Priority Collateral consisting of Inventory based on and
consistent with the then most current appraisal thereof received by the ABL Agent with respect thereto, and (iii) to the extent the Proceeds of ABL Priority Collateral include Proceeds of Collateral other than Accounts and Inventory, the
appraised value of such other Collateral based on and consistent with the then most current satisfactory appraisal received by the ABL Agent with respect thereto 

Section 4.2        Reinstatement. 

  
 28 

 (a)        The ABL Agent agrees
that if at any time all or part of any payment with respect to any Term Loan Obligation secured by any Term Priority Collateral previously received by any Term Secured Party shall be rescinded or required to be repaid or turned over to any Term Loan
Party for any reason whatsoever, the ABL Agent will upon request promptly pay over to the Designated Term Agent any payment received by it in respect of any such Term Priority Collateral and shall promptly turn over to the Designated Term Agent any
such Term Priority Collateral then held by it and the provisions set forth in this Agreement will be reinstated as if such payment had not been made, until the payment and satisfaction in full of such Term Loan Obligation. 

(b)        Each Term Agent agrees that if at any time all or part of any payment with
respect to any ABL Obligation secured by any ABL Priority Collateral previously received by any ABL Secured Party shall be rescinded or required to be repaid or turned over to any ABL Loan Party for any reason whatsoever, the applicable Term Agent
will upon request promptly pay over to the ABL Agent any payment received by it in respect of any such ABL Priority Collateral and shall promptly turn over to the ABL Agent any such ABL Priority Collateral then held by it and the provisions set
forth in this Agreement will be reinstated as if such payment had not been made, until the payment and satisfaction in full of such ABL Obligation. 

Section 4.3        Specific Performance. Each of the ABL Agent and each
Term Agent is hereby authorized to demand specific performance of this Agreement, whether or not any Loan Party shall have complied with any of the provisions of any of the Credit Documents, at any time when the other party shall have failed to
comply with any of the provisions of this Agreement applicable to it. Each of the ABL Agent, for and on behalf of itself and the ABL Secured Parties, and each Term Agent, for and on behalf of itself and the applicable Term Secured Parties, hereby
irrevocably waives any defense based on the adequacy of a remedy at law that might be asserted as a bar to such remedy of specific performance. 

ARTICLE 5 

INTERCREDITOR ACKNOWLEDGEMENTS AND WAIVERS 

Section 5.1        Notice of Acceptance and Other Waivers. 

(a)        All ABL Obligations at any time made or incurred by any ABL Borrower or
ABL Guarantor shall be deemed to have been made or incurred in reliance upon this Agreement, and any Term Agent, on behalf of itself and the applicable Term Secured Parties, hereby waives notice of acceptance, or proof of reliance by the ABL Agent
or any ABL Secured Party of this Agreement and notice of the existence, increase, renewal, extension, accrual, creation, or non-payment of all or any part of the ABL Obligations. All Term Obligations at any
time made or incurred by the Term Loan Borrower or any Term Guarantor shall be deemed to have been made or incurred in reliance upon this Agreement, and the ABL Agent, on behalf of itself and the ABL Secured Parties, hereby waives notice of
acceptance, or proof of reliance, by any Term Agent or any Term Secured Party of this Agreement and notice of the existence, increase, renewal, extension, accrual, creation, or non-payment of all or any part
of the Term Obligations. 
 (b)        None of the ABL Agent, any ABL Secured
Party, or any of their respective Affiliates, directors, officers, employees, or agents shall be liable for failure to demand, collect, or realize upon any of the Collateral or any Proceeds, or for any delay in doing so, or shall be under any
obligation to sell or otherwise dispose of any Collateral or Proceeds thereof or to take any other action whatsoever with regard to the Collateral or any part or Proceeds thereof, except as specifically provided in this Agreement. If the ABL Agent
or any ABL Secured Party honors (or fails to honor) a request by any ABL Borrower for an extension of credit pursuant to any ABL Credit Agreement or any of the other ABL Documents, whether the ABL Agent or any ABL Secured Party have knowledge that
the honoring of (or failure to honor) any 

  
 29 

 
such request would constitute or result in a default under the terms of any Term Loan Credit Agreement or any other Term Document or an act, condition, or event that, with the giving of notice or
the passage of time, or both, would constitute or result in such a default, or if the ABL Agent or any ABL Secured Party otherwise should exercise any of its contractual rights or remedies under any ABL Documents (subject to the express terms and
conditions hereof), neither the ABL Agent nor any ABL Secured Party shall have any liability whatsoever to any Term Agent or any Term Secured Party as a result of such action, omission, or exercise (so long as any such exercise does not breach the
express terms and provisions of this Agreement). The ABL Agent and the ABL Secured Parties shall be entitled to manage and supervise their loans and extensions of credit under any ABL Credit Agreement and any of the other ABL Documents as they may,
in their sole discretion, deem appropriate, and may manage their loans and extensions of credit without regard to any rights or interests that any Term Agent or any of the Term Secured Parties have in the Collateral, except as otherwise expressly
set forth in this Agreement. Each Term Agent, on behalf of itself and the Term Secured Parties, agrees that neither the ABL Agent nor any ABL Secured Party shall incur any liability as a result of a sale, lease, license, application, or other
Disposition of all or any portion of the Collateral or Proceeds thereof, pursuant to the ABL Documents, so long as such Disposition does not breach the provisions of this Agreement. 

(c)        None of the Term Agents, any Term Secured Party or any of their respective
Affiliates, directors, officers, employees, or agents shall be liable for failure to demand, collect, or realize upon any of the Collateral or any Proceeds, or for any delay in doing so, or shall be under any obligation to sell or otherwise dispose
of any Collateral or Proceeds thereof or to take any other action whatsoever with regard to the Collateral or any part or Proceeds thereof, except as specifically provided in this Agreement. If an act, condition, or event that, with the giving of
notice or the passage of time, or both, would constitute or result in a default under any ABL Document, or if any Term Agent or any Term Secured Party otherwise should exercise any of its contractual rights or remedies under the Term Documents
(subject to the express terms and conditions hereof), neither the Term Agents nor any Term Secured Party shall have any liability whatsoever to the ABL Agent or any ABL Secured Party as a result of such action, omission, or exercise (so long as any
such exercise does not breach the express terms and provisions of this Agreement). The Term Agents and the Term Secured Parties shall be entitled to manage and supervise their loans and extensions of credit under the Term Documents as they may, in
their sole discretion, deem appropriate, and may manage their loans and extensions of credit without regard to any rights or interests that the ABL Agent or any ABL Secured Party has in the Collateral, except as otherwise expressly set forth in this
Agreement. The ABL Agent, on behalf of itself and the ABL Secured Parties, agrees that none of the Term Agents or the Term Secured Parties shall incur any liability as a result of a sale, lease, license, application, or other Disposition of the
Collateral or any part or Proceeds thereof, pursuant to the Term Documents, so long as such Disposition does not breach the provisions of this Agreement. 

Section 5.2        Modifications to ABL Documents and Term Documents.

 (a)        Each Term Agent, on behalf of itself and the applicable Term Secured
Parties, hereby agrees that, without affecting the obligations of such Term Agent and the applicable Term Secured Parties hereunder, the ABL Agent and the ABL Secured Parties may, at any time and from time to time, in their sole discretion without
the consent of or notice to any Term Agent or any Term Secured Party, and without incurring any liability to any Term Agent or any Term Secured Party or impairing or modifying the Lien Priority provided for herein, Amend or Refinance any of the ABL
Documents in any manner whatsoever, other than in a manner which would have the effect of contravening the terms of this Agreement. 

(b)        The ABL Agent, on behalf of itself and the ABL Secured Parties, hereby
agrees that, without affecting the obligations of the ABL Agent and the ABL Secured Parties hereunder, each Term 

  
 30 

 
Agent and the Term Secured Parties may, at any time and from time to time, in their sole discretion without the consent of or notice to the ABL Agent or any ABL Secured Party, and without
incurring any liability to the ABL Agent or any ABL Secured Party or impairing or modifying the Lien Priority provided for herein, Amend or Refinance any of the Term Documents other than in a manner which would have the effect of contravening the
terms of this Agreement. 
 (c)        Subject to (i) Section 5.2(a) and
(b) above and (ii) the applicable requirements set forth in the defined terms “ABL Credit Agreement” and “Term Loan Credit Agreement,” the ABL Obligations and the Term Obligations may be Amended or Refinanced, in whole
or in part, in each case, without notice to, or the consent (except to the extent a consent is required under any ABL Document or any Term Document to permit the Amendment or Refinancing transaction) of the ABL Agent, the ABL Secured Parties, the
Term Agents or the Term Secured Parties, as the case may be, all without affecting the Lien Priority provided for herein or the other provisions hereof, provided, however, such amendment or refinancing transaction shall be in
accordance with any applicable provisions of both the ABL Documents and the Term Documents (to the extent such documents survive the amendment or refinancing and, unless the agent, trustee or other representative with respect to such Amended or
Refinanced facility is already a party to this Agreement, such agent, trustee or other representative shall have executed and delivered an Additional Term Joinder (with such changes as may be reasonably approved by such agent, trustee or other
representative and each other party hereto). 
 Section
5.3        Reinstatement and Continuation of Agreement. 

(a)        If the ABL Agent or any ABL Secured Party is required in any Insolvency
Proceeding or otherwise to turn over or otherwise pay to the estate of any Loan Party, or any other Person any payment made in satisfaction of all or any portion of the ABL Obligations (an “ABL Recovery”), then the ABL
Obligations shall be reinstated to the extent of such ABL Recovery. If this Agreement shall have been terminated prior to such ABL Recovery, this Agreement shall be reinstated in full force and effect in the event of such ABL Recovery, and such
prior termination shall not diminish, release, discharge, impair, or otherwise affect the obligations of the parties from such date of reinstatement. All rights, interests, agreements, and obligations of the ABL Agent, the Term Agents, the ABL
Secured Parties, and the Term Secured Parties under this Agreement shall remain in full force and effect and shall continue irrespective of the commencement of, or any discharge, confirmation, conversion, or dismissal of, any Insolvency Proceeding
by or against any Loan Party or any other circumstance which otherwise might constitute a defense available to, or a discharge of any Loan Party in respect of the ABL Obligations or the Term Obligations. No priority or right of the ABL Agent or any
ABL Secured Party shall at any time be prejudiced or impaired in any way by any act or failure to act on the part of any Loan Party or by the noncompliance by any Person with the terms, provisions, or covenants of any of the ABL Documents,
regardless of any knowledge thereof which the ABL Agent or any ABL Secured Party may have. 

(b)        If any Term Agent or any Term Secured Party is required in any Insolvency
Proceeding or otherwise to turn over or otherwise pay to the estate of any Borrower, any Term Guarantor, or any other Person any payment made in satisfaction of all or any portion of the Term Obligations (a “Term Recovery”),
then the Term Obligations shall be reinstated to the extent of such Term Recovery. If this Agreement shall have been terminated prior to such Term Recovery, this Agreement shall be reinstated in full force and effect in the event of such Term
Recovery, and such prior termination shall not diminish, release, discharge, impair, or otherwise affect the obligations of the parties from such date of reinstatement. All rights, interests, agreements, and obligations of the ABL Agent, the Term
Agents, the ABL Secured Parties, and the Term Secured Parties under this Agreement shall remain in full force and effect and shall continue irrespective of the commencement of, or any discharge, confirmation, conversion, or dismissal of, any
Insolvency Proceeding by or against any Borrower or any Term Guarantor or any other circumstance 

  
 31 

 
which otherwise might constitute a defense available to, or a discharge of any Borrower or any Term Guarantor in respect of the ABL Obligations or the Term Obligations. No priority or right of
any Term Agent or any Term Secured Party shall at any time be prejudiced or impaired in any way by any act or failure to act on the part of any Borrower or any Term Guarantor or by the noncompliance by any Person with the terms, provisions, or
covenants of any of the Term Documents, regardless of any knowledge thereof which any Term Agent or any Term Secured Party may have. 

Section 5.4            Purchase Right. 

(a)             Notice of Exercise. 

(i)        On or after the occurrence and during the continuance of (A) the
acceleration of all of the ABL Debt, (B) the commencement of an Insolvency Proceeding as to any ABL Loan Party or (C) the termination of any ABL Standstill Period (unless the ABL Agent or any ABL Secured Party shall have commenced and be
diligently pursuing the exercise of their rights or remedies with respect to substantially all or any material portion of the ABL Priority Collateral) (the events listed in subparts (A) through (C) hereof, each being a “Term Purchase
Option Trigger Event”), all or a portion of the Term Secured Parties, acting as a single group (the “Purchasing Term Secured Parties”), shall have the option, which must be exercised within thirty (30) days
of the occurrence of a Term Purchase Option Trigger Event by delivery of notice to the ABL Agent and the Company, to purchase all of the ABL Obligations from the ABL Secured Parties. Such notice from such Term Secured Parties to the ABL Agent shall
be irrevocable. 
 (ii)        On or after the occurrence and during the
continuance of (A) the acceleration of all of the First Lien Term Debt and/or Second Lien Term Debt, (B) the commencement of an Insolvency Proceeding as to any Term Loan Party or (C) the termination of any Term
Standstill Period (unless a Term Agent or any Term Secured Party shall have commenced and be diligently pursuing the exercise of their rights or remedies with respect to substantially all or any material portion of the Term Priority Collateral) (the
events listed in subparts (A) through (C) hereof, each being an “ABL Purchase Option Trigger Event”), all or a portion of the ABL Secured Parties, acting as a single group (the “Purchasing ABL Secured
Parties”), shall have the option, which must be exercised within thirty (30) days of the occurrence of an ABL Purchase Option Trigger Event by delivery of notice to the applicable Term Agent(s) and the Company, to purchase all of
the First Lien Term Obligations or Second Lien Term Obligations, as applicable, from the applicable Term Secured Parties. Such notice from such ABL Secured Parties to Designated Term Agent shall be irrevocable. 

(b)             Purchase and Sale. 

(i)        On the date specified by the Purchasing Term Secured Parties in the notice
contemplated by Section 5.4(a)(i) above (which shall not be less than five (5) Business Days, nor more than ten (10) Business Days, after the receipt by the ABL Agent of the notice of the relevant Term Secured Parties’ election
to exercise such option), the ABL Secured Parties shall sell (which obligation shall be several and not joint) to the Purchasing Term Secured Parties, and the relevant Term Secured Parties shall purchase from the ABL Secured Parties, the ABL
Obligations, provided that, the ABL Agent and the ABL Secured Parties shall retain all rights to be indemnified or held harmless by the Loan Parties in accordance with the terms of the ABL Documents but shall not retain any rights to the security
therefor. 
 (ii)        On the date specified by the Purchasing ABL Secured
Parties in the notice contemplated by Section 5.4(a)(ii) above (which shall not be less than five (5) Business Days, nor more than ten (10) Business Days, after the receipt by the applicable Term Agent(s) of the notice of the relevant
ABL Secured Party’s election to exercise such option), the Term Secured Parties shall sell (which obligation 

  
 32 

 
shall be several and not joint) to the relevant ABL Secured Parties, and the relevant ABL Secured Parties shall purchase from the Term Secured Parties, the Term Obligations, provided that, the
Term Agents and the Term Secured Parties shall retain all rights to be indemnified or held harmless by the Loan Parties in accordance with the terms of the Term Documents but shall not retain any rights to the security therefor. 

(c)        [Reserved.] 

(d)        Payment of Purchase Price. Upon the date of such purchase and sale,
the relevant Term Secured Parties or the relevant ABL Secured Parties, as applicable, shall (i) pay to the ABL Agent for the benefit of the ABL Secured Parties (with respect to a purchase of the ABL Obligations) or to the applicable Term
Agent(s) for the benefit of the applicable Term Secured Parties (with respect to a purchase of the Term Obligations) as the purchase price therefor the full amount of all the ABL Obligations or Term Obligations, as applicable, then outstanding and
unpaid (including principal, interest, fees and expenses, including reasonable attorneys’ fees and legal expenses but specifically excluding any prepayment premium, termination or similar fees), (ii) with respect to a purchase of the ABL
Obligations, furnish cash collateral to the ABL Agent in a manner and in such amounts as the ABL Agent determines is reasonably necessary to secure the ABL Agent and the ABL Secured Parties with respect to issued and outstanding letters of credit
and Secured Bank Product Obligations, (iii) with respect to a purchase of the ABL Obligations, agree to reimburse the ABL Agent, the ABL Secured Parties for any loss, cost, damage or expense (including reasonable attorneys’ fees and legal
expenses) in connection with any commissions, fees, costs or expenses related to any issued and outstanding letters of credit as described above and any checks or other payments provisionally credited to the ABL Obligations, and/or as to which the
ABL Agent has not yet received final payment, (iv) agree to reimburse the ABL Secured Parties or the Term Secured Parties, as applicable, in respect of indemnification obligations of the Loan Parties under the ABL Documents or the Term
Documents, as applicable, as to matters or circumstances known to the ABL Agent or the applicable Term Agent(s), as applicable, at the time of the purchase and sale which would reasonably be expected to result in any loss, cost, damage or expense
(including reasonable attorneys’ fees and legal expenses) to the ABL Secured Parties, the Term Secured Parties or letter of credit issuing banks, as applicable, and (v) agree to indemnify and hold harmless the ABL Secured Parties or the
Term Secured Parties, as applicable, from and against any loss, liability, claim, damage or expense (including reasonable fees and expenses of legal counsel) arising out of any claim asserted by a third party in respect of the ABL Obligations or the
Term Obligations, as applicable, as a direct result of any acts by any Purchasing Term Secured Party or any Purchasing ABL Secured Party, as applicable, occurring after the date of such purchase. Such purchase price and cash collateral shall be
remitted by wire transfer in federal funds to such bank account in New York, New York as the ABL Agent or the applicable Term Agent(s), as applicable, may designate in writing for such purpose. 

(e)        Limitation on Representations and Warranties. Such purchase shall
be expressly made without representation or warranty of any kind by any selling party (or the applicable representative or the Term Agent) and without recourse of any kind, except that the selling party shall represent and warrant: (i) the
amount of the ABL Obligations or Term Obligations, as applicable, being purchased from it, (ii) that such ABL Secured Party or Term Secured Party, as applicable, owns the ABL Obligations or Term Obligations, as applicable, free and clear of any
Liens or encumbrances and (iii) that such ABL Secured Party or Term Secured Party, as applicable, has the right to assign such ABL Obligations or Term Obligations, as applicable, and the assignment is duly authorized. 

ARTICLE 6 
 INSOLVENCY
PROCEEDINGS 
 Section 6.1        DIP Financing. 

  
 33 

 (a)        If any Loan Party shall
be subject to any Insolvency Proceeding at any time prior to the Discharge of ABL Obligations, and the ABL Agent or any of the ABL Secured Parties shall seek to provide any Loan Party with, or consent to a third party providing, any financing under
Section 364 of the Bankruptcy Code or consent to any order for the use of cash collateral constituting ABL Priority Collateral under Section 363 of the Bankruptcy Code (or any similar provision of any foreign Debtor Relief Laws or under a
court order in respect of measures granted with similar effect under any foreign Debtor Relief Laws, (which may include a “roll-up” or “roll-over” of all or any of the ABL Obligations),
whether provided by any ABL Secured Party or any other Person (each, including any such order for the use of cash collateral, an “ABL DIP Financing”), with such ABL DIP Financing to be secured by all or any portion of the
Collateral (including assets that, but for the application of Section 552 of the Bankruptcy Code would be ABL Priority Collateral), then each Term Agent, on behalf of itself and the applicable Term Secured Parties, agrees that (i) it will
raise no objection and will not support any objection to such ABL DIP Financing or use of cash collateral or to the Liens securing the same on any basis, including, without limitation, on the grounds of a failure to provide “adequate
protection” for the Liens of such Term Agent securing the Term Obligations (and will not request any adequate protection solely as a result of such ABL DIP Financing or use of cash collateral that is ABL Priority Collateral, and will not offer
or support any debtor-in-possession financing which would compete with such ABL DIP Financing), and (ii) it will subordinate (and will be deemed hereunder to have
subordinated) the Liens of such applicable Term Agent or any other Term Secured Parties on the ABL Priority Collateral (but not the Term Priority Collateral) to (1) the Liens on the ABL Priority Collateral pursuant to such ABL DIP Financing (to
the extent the Liens securing the ABL DIP Financing are pari passu or senior in priority to the ABL Obligations), (2) any adequate protection provided to the ABL Secured Parties and (3) any reasonable administrative claim, professional fee and
U.S. trustee or clerk of the court fee “carve-outs”, in each case, consented to in writing by the ABL Agent to be paid prior to the Discharge of ABL Obligations, in each case, on the same terms as the Liens of the Term Secured Parties are
subordinated to the Liens granted with respect to such ABL DIP Financing (and such subordination will not alter in any manner the terms of this Agreement); provided that (A) each Term Agent retains its Lien on the ABL Priority Collateral
to secure the Term Obligations (in each case, including Proceeds thereof arising after the commencement of the case under any Debtor Relief Laws), (B) unless it shall otherwise consent, each Term Agent shall retain its Lien on the Term Priority
Collateral with the same priority as existed prior to the commencement of the case under the subject Debtor Relief Laws and any Lien of the ABL Agent (or other provider of ABL DIP Financing) on the Term Priority Collateral securing such ABL DIP
Financing shall be junior and subordinate to the Lien of each Term Agent on the Term Priority Collateral, (C) all Liens on ABL Priority Collateral securing any such ABL DIP Financing, shall be senior to or on a parity with the Liens of the ABL
Agent and the ABL Secured Parties securing the ABL Obligations on ABL Priority Collateral and (D) the foregoing provisions of this Section 6.1(a) shall not prevent any Term Agent or the other Term Secured Parties from objecting to any
provision in any ABL DIP Financing (x) relating to any provision or content of a plan of reorganization or other plan of similar effect under any Debtor Relief Laws or (y) that provides for the use of any Term Priority Collateral or
Proceeds thereof other than for the payment of the Term Obligations. 

(b)        If any Loan Party shall be subject to any Insolvency Proceeding at any
time prior to the Discharge of Term Obligations, and any Term Agent or any of the Term Secured Parties shall seek to provide any Loan Party with, or consent to a third party providing, any financing under Section 364 of the Bankruptcy Code or
consent to any order for the use of cash collateral constituting Term Priority Collateral under Section 363 of the Bankruptcy Code (or any similar provision of any foreign Debtor Relief Laws or under a court order in respect of measures granted
with similar effect under any foreign Debtor Relief Laws, (which may include a “roll-up” or “roll-over” of all or any of the Term Obligations), whether provided by any Term Secured Party or
any other Person (each, including any such order for the use of cash collateral, a “Term DIP Financing”), with such Term DIP Financing to be secured by all or any portion of the Collateral (including assets that, but for the
application of Section 552 of the Bankruptcy Code would 

  
 34 

 
be Term Priority Collateral), then the ABL Agent, on behalf of itself and the ABL Secured Parties, agrees that (i) it will raise no objection and will not support any objection to such Term
DIP Financing or use of cash collateral or to the Liens securing the same on any basis, including, without limitation, on the grounds of a failure to provide “adequate protection” for the Liens of the ABL Agent securing the ABL Obligations
(and will not request any adequate protection solely as a result of such Term DIP Financing or use of cash collateral that is Term Priority Collateral, and will not offer or support any
debtor-in-possession financing which would compete with such Term DIP Financing), and (ii) it will subordinate (and will be deemed hereunder to have subordinated)
the Liens of the ABL Agent or any other ABL Secured Parties on the Term Priority Collateral (but not the ABL Priority Collateral) to (1) the Liens on the Term Priority Collateral pursuant to such Term DIP Financing (to the extent the Liens
securing the Term DIP Financing are pari passu or senior in priority to the Term Obligations), (2) any adequate protection provided to the Term Secured Parties and (3) any reasonable administrative claim, professional fee and U.S. trustee or
clerk of the court fee “carve-outs”, in each case, consented to in writing by any Term Agent to be paid prior to the Discharge of Term Obligations, in each case, on the same terms as the Liens of the ABL Secured Parties are subordinated to
the Liens granted with respect to such Term DIP Financing (and such subordination will not alter in any manner the terms of this Agreement); provided that (A) the ABL Agent retains its Lien on the Term Priority Collateral to secure the
ABL Obligations (in each case, including Proceeds thereof arising after the commencement of the case under any Debtor Relief Laws), (B) unless it shall otherwise consent, the ABL Agent shall retain its Lien on the ABL Priority Collateral with the
same priority as existed prior to the commencement of the case under the subject Debtor Relief Laws and any Lien of any Term Agent (or other provider of Term DIP Financing) on the ABL Priority Collateral securing such Term DIP Financing shall be
junior and subordinate to the Lien of the ABL Agent on the ABL Priority Collateral, (C) all Liens on Term Priority Collateral securing any such Term DIP Financing, shall be senior to or on a parity with the Liens of each Term Agent and the Term
Secured Parties securing the Term Obligations on Term Priority Collateral and (D) the foregoing provisions of this Section 6.1(b) shall not prevent the ABL Agent or the other ABL Secured Parties from objecting to any provision in any Term
DIP Financing (x) relating to any provision or content of a plan of reorganization or other plan of similar effect under any Debtor Relief Laws or (y) that provides for the use of any ABL Priority Collateral or Proceeds thereof other than
for the payment of the ABL Obligations. 
 (c)        All Liens granted to the ABL
Agent or any Term Agent in any Insolvency Proceeding, whether as adequate protection or otherwise, are intended by the parties to be and shall be deemed to be subject to the Lien Priority and the other terms and conditions of this Agreement. For
clarity, none of the Term Agents or the Term Secured Parties shall seek to “prime” the Lien of the ABL Agent and the ABL Secured Parties on the ABL Priority Collateral or request, seek or receive a Lien on the ABL Priority Collateral
pursuant to Section 364(d) or 363(c)(4) of the Bankruptcy Code on the ABL Priority Collateral. For clarity, the ABL Agent and the ABL Secured Parties shall not seek to “prime” the Liens of the Term Agents or the Term Secured Parties
on the Term Priority Collateral or request, seek or receive a Lien on the Term Priority Collateral pursuant to Section 364(d) or 363(c)(4) of the Bankruptcy Code on the Term Priority Collateral. 

(d)        No ABL Secured Party shall, directly or indirectly, provide, or seek to
provide, or support any other Person providing or seeking to provide, any ABL DIP Financing secured by Liens on the Term Priority Collateral equal or senior in priority to the Liens on the Term Priority Collateral (including any assets or property
arising after the commencement of a case under the Bankruptcy Code) of any Term Agent, without the prior written consent of such Term Agent. No Term Secured Party shall, directly or indirectly, provide, or seek to provide, or support any other
Person providing or seeking to provide, any Term DIP Financing secured by Liens on the ABL Priority Collateral equal or senior in priority to the Liens on the ABL Priority Collateral (including any assets or property arising after the commencement
of a case under the Bankruptcy Code) of the ABL Agent, without the prior written consent of the ABL Agent. For 

  
 35 

 
purposes hereof, all references to Collateral shall include any assets or property of Loan Parties arising after the commencement of any Insolvency Proceeding that are subject to the Liens of
Agents. 
 Section 6.2        Relief From Stay. Until the Discharge of
ABL Obligations has occurred, each Term Agent, on behalf of itself and the applicable Term Secured Parties, agrees not to seek relief from the automatic stay or any other stay in any Insolvency Proceeding in respect of any portion of the ABL
Priority Collateral without the ABL Agent’s express written consent. Until the Discharge of Term Obligations has occurred, the ABL Agent, on behalf of itself and the ABL Secured Parties, agrees not to seek relief from the automatic stay or any
other stay in any Insolvency Proceeding in respect of any portion of the Term Priority Collateral without each Term Agent’s express written consent. In addition, none of the Term Agents nor the ABL Agent shall seek any relief from the automatic
stay with respect to any Collateral without providing three (3) days’ prior written notice to the other, unless such period is agreed by both the ABL Agent and each Term Agent to be modified or unless the ABL Agent or any Term Agent, as
applicable, makes a good faith determination that either (A) the ABL Priority Collateral or the Term Priority Collateral, as applicable, will decline speedily in value or (B) the failure to take any action will have a reasonable likelihood
of endangering the ABL Agent’s or any Term Agent’s ability to realize upon its Collateral. 
 Section
6.3        No Contest; Adequate Protection. 

(a)        Each Term Agent, on behalf of itself and the applicable Term Secured
Parties, agrees that, prior to the Discharge of ABL Obligations, none of them shall contest (or support any other Person contesting) (i) any request by the ABL Agent or any ABL Secured Party for adequate protection of its interest in the
Collateral (unless in contravention of Section 6.1(b) or Section 6.3(b) or if the adequate protection sought is in the form of a cash payment, periodic cash payments or otherwise, in each case to the extent such payments are made from the
Proceeds of the Term Priority Collateral), (ii) subject to Section 6.1(a) above, any proposed provision of ABL DIP Financing, including any consensual use of cash collateral constituting ABL Priority Collateral, by the ABL Agent and the ABL
Secured Parties (or any other Person proposing to provide ABL DIP Financing with the consent of the ABL Agent), (iii) any objection by the ABL Agent or any ABL Secured Party to any motion, relief, action, or proceeding based on a claim by the ABL
Agent or any ABL Secured Party that its interests in the Collateral are not adequately protected (or any other similar request under any law applicable to an Insolvency Proceeding), so long as any Liens granted to the ABL Agent as adequate
protection of its interests are subject to this Agreement (unless in contravention of Section 6.1(b) or Section 6.3(b)), or (iv) any request by the ABL Agent or any ABL Secured Party for payment of interest (including post-petition
interest), fees, expenses or other amounts to any ABL Secured Party under Section 506(b) or 506(c) of the Bankruptcy Code or other applicable law (unless in contravention of Section 6.1(b) or Section 6.3(b) or to the extent such
payments are to be made from the Proceeds of the Term Priority Collateral or from the proceeds of Term DIP Financing). 

(b)        The ABL Agent, on behalf of itself and the ABL Secured Parties, agrees
that, prior to the Discharge of Term Obligations, none of them shall contest (or support any other Person contesting) (i) any request by any Term Agent or any Term Secured Party for adequate protection of its interest in the Collateral (unless
in contravention of Section 6.1(a) or 6.3(a) or if the adequate protection sought is in the form of a cash payment, periodic cash payments or otherwise, in each case to the extent such payments are made from the Proceeds of the ABL Priority
Collateral), (ii) subject to Section 6.1(b) above, any proposed provision of Term DIP Financing, including any consensual use of cash collateral constituting Term Priority Collateral, by any Term Agent and the applicable Term Secured Parties
(or any other Person proposing to provide Term DIP Financing with the consent of any Term Agent), (iii) any objection by any Term Agent or any Term Secured Party to any motion, relief, action or proceeding based on a claim by any Term Agent

  
 36 

 
or any Term Secured Party that its interests in the Collateral are not adequately protected (or any other similar request under any law applicable to an Insolvency Proceeding), so long as any
Liens granted to any Term Agent as adequate protection of its interests are subject to this Agreement (unless in contravention of Section 6.1(a) or Section 6.3(a)), or (iv) any request by any Term Agent or any Term Secured Party for
payment of interest (including post-petition interest), fees, expenses or other amounts to any Term Secured Party under Section 506(b) or 506(c) of the Bankruptcy Code or other applicable law (unless in contravention of Section 6.1(a) or
Section 6.3(a) or to the extent such payments are to be made from the Proceeds of the ABL Priority Collateral or from the proceeds of ABL DIP Financing). 

(c)        Notwithstanding the foregoing provisions in this Section 6.3, in any
Insolvency Proceeding: 
 (i)        if the ABL Secured Parties (or any subset
thereof) are granted adequate protection with respect to the ABL Priority Collateral in the form of additional or replacement collateral (even if such collateral is not of a type which would otherwise have constituted ABL Priority Collateral) and/or
a superpriority claim, then the ABL Agent, on behalf of itself and the ABL Secured Parties, agrees that each Term Agent, on behalf of itself or any of the applicable Term Secured Parties, may seek or request (and the ABL Secured Parties will not
oppose such request), as applicable, adequate protection with respect to its interests in such Collateral in the form of a Lien on the same additional or replacement collateral, which Lien will be subordinated to the Liens securing the ABL
Obligations on the same basis as the other Liens of each Term Agent on ABL Priority Collateral or a superpriority claim junior in all respects to such superpriority claim granted to the ABL Secured Parties; and 

(ii)        if any Term Secured Parties (or any subset thereof), are granted adequate
protection in respect of Term Priority Collateral in the form of additional or replacement collateral (even if such collateral is not of a type which would otherwise have constituted Term Priority Collateral) and/or a superpriority claim, then each
Term Agent, on behalf of itself and the applicable Term Secured Parties, agrees that the ABL Agent on behalf of itself or any of the ABL Secured Parties, may seek or request (and the Term Secured Parties will not oppose such request), as applicable,
adequate protection with respect to its interests in such Collateral in the form of a Lien on the same additional or replacement collateral, which Lien will be subordinated to the Liens securing the Term Obligations on the same basis as the other
Liens of the ABL Agent on Term Priority Collateral or a superpriority claim junior in all respects to such superpriority claim granted to the Term Secured Parties 

(d)        The Term Loan Parties shall not be entitled to, and shall not seek,
adequate protection in the form of cash payment to the extent such payment is sought to be paid from an ABL DIP Financing or the ABL Priority Collateral or the Proceeds (or advances) in respect thereof. The ABL Secured Parties shall not be entitled
to, and shall not seek, adequate protection in the form of cash payment to the extent such payment is sought to be paid from a Term Loan DIP Financing or the Term Priority Collateral or the Proceeds (or advances) in respect thereof. 

Section 6.4        Asset Sales. 

(a)        Until the Discharge of ABL Obligations has occurred, each Term Agent, for
itself and on behalf of the other Term Secured Parties agrees that in the event of any Insolvency Proceeding, the Term Secured Parties will not object or oppose (or support any Person in objecting or opposing), and will be deemed to have consented
to pursuant to Section 363(f) of the Bankruptcy Code or any other applicable law, (i) a motion to sell or otherwise Dispose of any ABL Priority Collateral under Sections 363, 365 or 1129 of the Bankruptcy Code or any similar provisions
under any other applicable Debtor Relief Laws, free and clear of any Liens or other claims, (ii) a motion establishing notice, sale or bidding procedures for such 

  
 37 

 
Disposition (including any break-up fee or other bidder protections) or (iii) a motion to permit a credit bid on all or any portion of the claims of
the ABL Secured Parties against ABL Priority Collateral under Section 363(k) of the Bankruptcy Code, in each case, if the ABL Agent has consented to such sale or other Disposition of such ABL Priority Collateral; provided, that, (A) the
terms of any proposed order approving such transaction provide for the parties’ respective Liens to attach to the proceeds of the ABL Priority Collateral that is the subject of such sale or Disposition, subject to the Lien Priorities in
Section 2.1 and the other terms and conditions of this Agreement; (B) such proceeds are applied among the ABL Obligations or the Term Obligations in accordance with Section 4.1; and
(C) such motion to sell or otherwise Dispose of any ABL Priority Collateral does not impair the rights of the Term Secured Parties under Section 363(k) of the Bankruptcy Code (except that (1) the Term Secured Parties will be permitted
to “credit bid” their claims against ABL Priority Collateral (including under Section 363, 365 or 1129 of the Bankruptcy Code, or any comparable provision of other applicable Debtor Relief Laws) in such sale only if the cash proceeds
of such bid result in Discharge of ABL Obligations on the closing date of such sale, including all principal of and accrued and unpaid interest and fees on and all prepayment or acceleration penalties and premiums in respect of all ABL Obligations
outstanding at the time of any Disposition, and (2) the Term Secured Parties will be permitted to “credit bid” their claims against Term Priority Collateral (including under Section 363, 365 or 1129 of the Bankruptcy Code, or any
comparable provision of other applicable Debtor Relief Laws) in such sale and in accordance with the terms of the Term Documents and the Term Lender Intercreditor Agreement. Each Term Agent for itself and the applicable Term Secured Parties further
agree that they will not object to or oppose, or support any party in opposing, the right of the ABL Secured Parties to credit bid under Section 363(k) of the Bankruptcy Code (or any similar provision under any other applicable Debtor Relief
Laws) with respect to the ABL Priority Collateral, subject to the provision of the immediately preceding sentence; provided, that, the Term Secured Parties shall not be deemed to have agreed to any credit bid in connection with a single sale or
other Disposition of both Term Priority Collateral and ABL Priority Collateral unless such credit bid would result in the Discharge of Term Obligations on the closing date of such sale. 

(b)        Until the Discharge of all Term Obligations has occurred, the ABL Agent,
for itself and on behalf of the other ABL Secured Parties agrees that in the event of any Insolvency Proceeding, the ABL Secured Parties will not object or oppose (or support any Person in objecting or opposing), and will be deemed to have consented
to pursuant to Section 363(f) of the Bankruptcy Code or any other applicable law, (i) a motion to sell or otherwise Dispose of any Term Priority Collateral under Sections 363, 365 or 1129 of the Bankruptcy Code or any similar provisions
under any other applicable Debtor Relief Laws, free and clear of any Liens or other claims, (ii) a motion establishing notice, sale or bidding procedures for such Disposition (including any break-up fee
or other bidder protections) or (iii) a motion to permit a credit bid all or any portion of the claims of the Term Secured Parties against Term Priority Collateral under Section 363(k) of the Bankruptcy Code, in each case, if Term Agents
have consented to such sale or Disposition of such Term Priority Collateral; provided, that, (A) the terms of any proposed order approving such transaction provide for the parties’ respective Liens to attach to the proceeds of the Term
Priority Collateral that is the subject of such sale or Disposition, subject to the Lien Priorities in Section 2.1 and the other terms and conditions of this Agreement, (B) such proceeds are applied among the ABL
Obligations and the Term Obligations in accordance with Section 4.1; and (C) such motion to sell or otherwise Dispose of any Term Priority Collateral does not impair the rights of the ABL Secured Parties under
Section 363(k) of the Bankruptcy Code (except that (1) the ABL Secured Parties will be permitted to “credit bid” their claims against Term Priority Collateral (including under Section 363, 365 or 1129 of the Bankruptcy Code,
or any comparable provision of other applicable Debtor Relief Laws) in such sale only if such bid results in a Discharge of Term Obligations in cash on the closing date of such sale, including all principal of and accrued and unpaid interest and
fees on and all prepayment or acceleration penalties and premiums in respect of all Term Obligations outstanding at the time of any Disposition, and (2) the ABL Secured Parties will be permitted to “credit bid” their claims against
ABL Priority Collateral (including under Section 363, 

  
 38 

 
365 or 1129 of the Bankruptcy Code, or any comparable provision of other applicable Debtor Relief Laws) in such sale and in accordance with the terms of the ABL Documents. The ABL Agent for
itself and the other ABL Secured Parties further agree that it will not object to or oppose, or support any party in opposing, the right of the Term Secured Parties to credit bid under Section 363(k) of the Bankruptcy Code (or any similar
provision under any other applicable Debtor Relief Laws) with respect to the Term Priority Collateral, subject to the provision of the immediately preceding sentence; provided, that, the ABL Secured Parties shall not be deemed to have agreed to any
credit bid in connection with a single sale or other Disposition of both ABL Priority Collateral and Term Priority Collateral unless such credit bid would result in the Discharge of ABL Obligations on the closing date of such sale. 

Section 6.5        Separate Grants of Security and Separate
Classification. Each Term Secured Party and each ABL Secured Party acknowledges and agrees that (i) the grants of Liens pursuant to the ABL Collateral Documents and the Term Collateral Documents constitute at least two separate and
distinct grants of Liens and (ii) because of, among other things, their differing rights in the Collateral, the Term Obligations are fundamentally different from the ABL Obligations and must be separately classified in any plan of
reorganization (or other plan of similar effect under any Debtor Relief Laws) proposed or adopted in an Insolvency Proceeding. To further effectuate the intent of the parties as provided in the immediately preceding sentence, if it is held that the
claims of the ABL Secured Parties and the Term Secured Parties in respect of the Collateral constitute only one secured claim (rather than separate classes of senior and junior secured claims), then the ABL Secured Parties and the Term Secured
Parties hereby acknowledge and agree that all distributions from the Collateral shall be made as if there were separate classes of ABL Obligation claims and Term Obligation claims against the Loan Parties, with the effect being that, to the extent
that the aggregate value of the ABL Priority Collateral or Term Priority Collateral is sufficient (for this purpose ignoring all claims held by the other Secured Parties), the ABL Secured Parties or the Term Secured Parties, respectively, shall be
entitled to receive, in addition to amounts distributed to them in respect of principal, pre-petition interest and other claims, all amounts owing in respect of post-petition interest, fees and expenses that
is available from each pool of Priority Collateral for each of the ABL Secured Parties and the Term Secured Parties, respectively, (whether or not allowed or allowable in any such Insolvency Proceeding) before any distribution is made in respect of
the claims held by the other Secured Parties from such Priority Collateral, with the other Secured Parties hereby acknowledging and agreeing to turn over to the respective other Secured Parties amounts otherwise received or receivable by them from
such Priority Collateral to the extent necessary to effectuate the intent of this sentence, even if such turnover has the effect of reducing the aggregate recoveries of the Secured Parties turning over such amounts. 

Section 6.6        Reorganization Securities. If, in any Insolvency
Proceeding, debt obligations of the reorganized debtor secured by Liens on any property of the reorganized debtor are distributed pursuant to a plan of reorganization or a similar dispositive restructuring plan, both on account of the ABL
Obligations and on account of the Term Obligations, then to the extent that the debt obligations distributed on account of the ABL Obligations and on account of the Term Obligations are secured by Liens upon the same property, the provisions of this
Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations. 

Section 6.7        [Reserved]. 

Section 6.8        ABL Obligations Unconditional. All rights of the ABL
Agent hereunder, and all agreements and obligations of each Term Agent hereunder, shall, except as otherwise specifically provided herein, remain in full force and effect irrespective of: 

(i)        any lack of validity or enforceability of any ABL Document; 

  
 39 

 (ii)        any change in the time,
place or manner of payment of, or in any other term of, all or any portion of the ABL Obligations, or any amendment, waiver or other modification, whether by course of conduct or otherwise, or any refinancing, replacement, refunding or restatement
of any ABL Document (but solely to the extent permitted pursuant to Section 5.2(a) hereof); 

(iii)        any exchange, release, voiding, avoidance or nonperfection of any
security interest in any Collateral or any other collateral, or any release, amendment, waiver or other modification, whether by course of conduct or otherwise, or any refinancing, replacement, refunding, restatement or increase of all or any
portion of the ABL Obligations or any guarantee or guaranty thereof; or 

(iv)        any other circumstances that otherwise might constitute a defense
available to, or a discharge of, any Loan Party in respect of the ABL Obligations, or of any Term Agent or any Loan Party, to the extent applicable, in respect of this Agreement. 

Section 6.9        Term Obligations Unconditional. All rights of each Term Agent
hereunder, all agreements and obligations of the ABL Agent hereunder, shall, except as otherwise specifically provided herein, remain in full force and effect irrespective of: 

(i)        any lack of validity or enforceability of any Term Document; 

(ii)        any change in the time, place or manner of payment of, or in any other
term of, all or any portion of the Term Obligations, or any amendment, waiver or other modification, whether by course of conduct or otherwise, or any refinancing, replacement, refunding or restatement of any Term Document (but solely to the extent
permitted pursuant to Section 5.2(b) hereof); 
 (iii)        any exchange,
release, voiding, avoidance or nonperfection of any security interest in any Collateral, or any other collateral, or any release, amendment, waiver or other modification, whether by course of conduct or otherwise, or any refinancing, replacement,
refunding, restatement or increase of all or any portion of the Term Obligations or any guarantee or guaranty thereof; or 

(iv)        any other circumstances that otherwise might constitute a defense
available to, or a discharge of, any Loan Party in respect of the Term Obligations, or of the ABL Agent or any Loan Party, to the extent applicable, in respect of this Agreement. 

Section 6.10        Claims. Each Agent, for itself and on behalf of the
respective applicable Secured Parties, agrees not to object to (or support any other Person objecting) and hereby waives any objection to any election under Section 1111(b)(2) of the Bankruptcy Code by any ABL Secured Party (to any claims of
such ABL Secured Party in respect of the ABL Priority Collateral) or Term Secured Party (to any claims of such Term Secured Party in respect of the Term Priority Collateral), as applicable, in or from such Insolvency or Liquidation Proceeding. 

Section 6.11        Bankruptcy – Plan Support. Without the consent
of the ABL Secured Parties prior to the Discharge of ABL Obligations, the Term Secured Parties will not propose, support or vote, directly or indirectly (including by any restructuring plan support agreement) for any Plan that is inconsistent with
this Agreement. Without the consent of the Term Secured Parties prior to the Discharge of Term Obligations, the ABL Secured Parties will not propose, support or vote, directly or indirectly (including by any restructuring plan support agreement) for
any Plan that is inconsistent with this Agreement. 
 Section
6.12        Applicability. This Agreement shall be applicable both before and after the institution of any Insolvency Proceeding involving any Borrower or any other Loan Party, including,

  
 40 

 
without limitation, the filing of any petition by or against any Borrower or any other Loan Party under any Debtor Relief Laws and all converted or subsequent cases in respect thereof, and all
references herein to any Loan Party shall be deemed to apply to the trustee for such Loan Party and such Loan Party as debtor-in- possession. The relative rights of the
ABL Secured Parties and the Term Secured Parties in or to any distributions from or in respect of any Collateral or Proceeds shall continue after the institution of any Insolvency Proceeding involving any Borrower or any other Loan Party, including,
without limitation, the filing of any petition by or against any Borrower or any other Loan Party under any Debtor Relief Laws and all converted cases and subsequent cases, on the same basis as prior to the date of such institution, subject to any
court order approving the financing of, or use of cash collateral by any Borrower or other Loan Party as debtor-in-possession, or any other court order affecting the
rights and interests of the parties hereto not inconsistent with this Agreement. This Agreement shall constitute a subordination agreement for the purposes of Section 510(a) of the Bankruptcy Code and shall be enforceable in any Insolvency
Proceeding in accordance with its terms. 
 Section 6.13        Other
Bankruptcy Laws. In the event that an Insolvency Proceeding is filed in a jurisdiction other than the United States or is governed by any Debtor Relief Laws other than the Bankruptcy Code, each reference in this Agreement to a section of the
Bankruptcy Code shall be deemed to refer to the substantially similar or corresponding provision of the Debtor Relief Laws applicable to such Insolvency Proceeding, or, in the absence of any specific similar or corresponding provision of such Debtor
Relief Laws, such other general Debtor Relief Law as may be applied in order to achieve substantially the same result as would be achieved under each applicable section of the Bankruptcy Code. 

ARTICLE 7 

MISCELLANEOUS 

Section 7.1        Rights of Subrogation. Each Term Agent, for and on
behalf of itself and the applicable Term Secured Parties, agrees that no payment to the ABL Agent or any ABL Secured Party pursuant to the provisions of this Agreement shall entitle any Term Agent or any Term Secured Party to exercise any rights of
subrogation in respect thereof until the Discharge of ABL Obligations. Thereafter, the ABL Agent agrees to execute such documents, agreements, and instruments as any Term Agent or any Term Secured Party may reasonably request to evidence the
transfer by subrogation to any such Person of an interest in the ABL Obligations resulting from payments to the ABL Agent by such Person, so long as all costs and expenses (including all reasonable legal fees and disbursements) incurred in
connection therewith by the ABL Agent are paid by such Person upon request for payment thereof. The ABL Agent, for and on behalf of itself and the ABL Secured Parties, agrees that no payment to any Term Agent or any Term Secured Party pursuant to
the provisions of this Agreement shall entitle the ABL Agent or any ABL Secured Party to exercise any rights of subrogation in respect thereof until the Discharge of Term Obligations. Thereafter, each Term Agent agrees to execute such documents,
agreements, and instruments as the ABL Agent or any ABL Secured Party may reasonably request to evidence the transfer by subrogation to any such Person of an interest in the Term Obligations resulting from payments to any Term Agent by such Person,
so long as all costs and expenses (including all reasonable legal fees and disbursements) incurred in connection therewith by such Term Agent are paid by such Person upon request for payment thereof. 

Section 7.2        Further Assurances. The parties will, at their own
expense and at any time and from time to time, promptly execute and deliver all further instruments and documents, and take all further action, that may be necessary or desirable, or that either party may reasonably request, in order to protect any
right or interest granted or purported to be granted hereby or to enable the ABL Agent or any Term Agent to exercise and enforce their rights and remedies hereunder; provided, however, that no party shall be required to pay over any
payment or distribution, execute any instruments or documents, or take any 

  
 41 

 
other action referred to in this Section 7.2, to the extent that such action would contravene any law, order or other legal requirement or any of the terms or provisions of this Agreement,
and in the event of a controversy or dispute, such party may interplead any payment or distribution in any court of competent jurisdiction, without further responsibility in respect of such payment or distribution under this Section 7.2. 

Section 7.3        Representations. Each Term Agent represents and
warrants to the ABL Agent that it has the requisite power and authority under the applicable Term Documents to enter into, execute, deliver, and carry out the terms of this Agreement on behalf of itself and the applicable Term Secured Parties and
that this Agreement shall be binding obligations of such Term Agent and the applicable Term Secured Parties, enforceable against each Term Agent and the applicable Term Secured Parties in accordance with its terms. The ABL Agent represents and
warrants to each Term Agent that it has the requisite power and authority under the ABL Documents to enter into, execute, deliver, and carry out the terms of this Agreement on behalf of itself and the ABL Secured Parties and that this Agreement
shall be binding obligations of the ABL Agent and the ABL Secured Parties, enforceable against the ABL Agent and the ABL Secured Parties in accordance with its terms. 

Section 7.4        Amendments. No amendment or waiver of any provision
of this Agreement nor consent to any departure by any party hereto shall be effective unless it is in a written agreement executed by each Term Agent and the ABL Agent and, in the case of any amendment adversely affecting the rights or obligations
of any Loan Party, the applicable Loan Party, and then such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given. It is understood that the ABL Agent and each Term Agent, without the consent
of any other ABL Secured Party or Term Secured Party, may in their discretion determine that a supplemental agreement (which may take the form of an amendment and restatement of this Agreement) is necessary or appropriate to facilitate having
additional Indebtedness or other obligations of any of the Loan Parties become ABL Obligations or Term Obligations, as the case may be, under this Agreement, which supplemental agreement shall specify whether such additional Indebtedness constitutes
ABL Obligations or Term Obligations; provided that such additional Indebtedness is permitted to be incurred under any ABL Credit Agreement and any Term Loan Credit Agreement then extant in accordance with the terms thereof and the Company shall have
delivered an officer’s certificate to the ABL Agent and each Term Agent certifying to such and the holders of such additional Indebtedness (or an authorized agent or trustee on their behalf) bind themselves in writing to the terms of this
Agreement pursuant to such documents as shall be reasonably requested by, and in a form reasonably acceptable to, the ABL Agent and each Term Agent. 

Section 7.5        Addresses for Notices. Unless otherwise specifically
provided herein, any notice or other communication herein required or permitted to be given shall be in writing and may be personally served, telecopied, or sent by overnight express courier service or United States mail and shall be deemed to have
been given when delivered in person or by courier service, upon receipt of a telecopy or three (3) days after deposit in the United States mail (certified, with postage prepaid and properly addressed). For the purposes hereof, the addresses of
the parties hereto (until notice of a change thereof is delivered as provided in this Section) shall be as set forth below or, as to each party, at such other address as may be designated by such party in a written notice to all of the other
parties. 
  

			
	ABL Agent:	    	Bank of America, N.A.
		    	Business Capital
		    	2600 West Big Beaver Road
		    	Troy, Michigan 48084
		
		    	Attn: Kindra Mullarky
		    	Telecopy: 248-631-0515

  
 42 

			
		    	With a copy to:
		
		    	McGuireWoods LLP
		    	77 West Wacker Drive, Suite 4100
		    	Chicago, Illinois 60601
		    	Attention: Philip J. Perzek
		    	Email: pperzek@mcguirewoods.com
		
	First Lien	    	
	Term Agent:	    	JPMorgan Chase Bank, N.A.
		    	10 South Dearborn, Floor 7
		    	Chicago, Illinois 60603
		    	Attention: Joyce King
		    	Telecopy: 888-292-9533
		
		    	With a copy to:
		
		    	                                     
   
		    	                                
		    	                                     

		    	Attention:                             
		    	Email:                             
		
	Second Lien	    	
	Term Agent:	    	Cortland Capital Market Services LLC
		    	225 W. Washington St., 9th Floor
		    	Chicago, Illinois 60606
		    	Attention: Legal Department and Frances Real
		    	Email: legal@cortlandglobal.com and CPCAgency@cortlandglobal.com
		    	Telecopy: (312) 376-0751
		
		    	With a copy to (which shall not constitute notice):
		
		    	Holland & Knight LLP
		    	131 South Dearborn Street, 30th Floor
		    	Chicago, IL 60603
		    	Attention: Joshua M. Spencer
		    	Email: Joshua.Spencer@hklaw.com

 Section 7.6        No Waiver;
Remedies. No failure on the part of any Secured Party to exercise, and no delay in exercising, any right hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any right hereunder preclude any other or
further exercise thereof or the exercise of any other right. The remedies herein provided are cumulative and not exclusive of any remedies provided by law. 

Section 7.7        Continuing Agreement, Transfer of Secured
Obligations. This Agreement is a continuing agreement and shall (a) remain in full force and effect until the earlier of the Discharge of ABL Obligations or the Discharge of Term Obligations, (b) be binding upon the parties and
their successors and 

  
 43 

 assigns, and (c) inure to the benefit of and be enforceable by the parties and their
respective successors, transferees and assigns. Nothing herein is intended, or shall be construed to give, any other Person any right, remedy or claim under, to or in respect of this Agreement or any Collateral. All references to any Loan Party
shall include any Loan Party as debtor-in-possession and any receiver or trustee for such Loan Party in any Insolvency Proceeding. Without limiting the generality of the
foregoing clause (c), the ABL Agent or any Term Agent may resign as ABL Agent or Term Agent, as applicable, and any ABL Secured Party or any Term Secured Party may assign or otherwise transfer all or any portion of the ABL Obligations or the Term
Obligations, as applicable, to any other Person (other than any Loan Party or any Subsidiary or Affiliate of any Loan Party), and such successor ABL Agent or successor Term Agent, or other Person shall thereupon become vested with all the rights and
obligations in respect thereof granted to the ABL Agent, any Term Agent, any ABL Secured Party, or any Term Secured Party, as the case may be, herein or otherwise. The ABL Secured Parties and the Term Secured Parties may continue, at any time and
without notice to the other parties hereto, to extend credit and other financial accommodations, lend monies and provide Indebtedness to, or for the benefit of, any Loan Party on the faith hereof. 

Section 7.8        Governing Law; Entire
Agreement. The validity, performance, and enforcement of this Agreement shall be governed by, and construed in accordance with, the laws of the State of New York without regard to conflicts of laws principles thereof but including Section 5-1401 and 5-1402 of the New York General Obligations Law. This Agreement constitutes the entire agreement and understanding among the parties with respect to the
subject matter hereof and supersedes any prior agreements, written or oral, with respect thereto. 

Section 7.9        Counterparts. This
Agreement may be executed in any number of counterparts, and it is not necessary that the signatures of all parties be contained on any one counterpart hereof, each counterpart will be deemed to be an original, and all together shall constitute one
and the same document. Delivery of an executed signature page to this Agreement by facsimile or other electronic transmission (in .pdf or similar format) shall be as effective as delivery of a manually signed counterpart of this Agreement. 

Section 7.10        No Third Party
Beneficiaries. This Agreement is solely for the benefit of the ABL Agent, ABL Secured Parties, each Term Agent and Term Secured Parties. Except as set forth in Section 7.4, no other Person (including any Loan Party or any Subsidiary or
Affiliate of any Loan Party) shall be deemed to be a third party beneficiary of this Agreement; provided that the Loan Parties and their respective Subsidiaries are intended beneficiaries and third party beneficiaries with respect to Sections
7.4 and 7.20 hereof. 

Section 7.11        Headings. The headings of
the articles and sections of this Agreement are inserted for purposes of convenience only and shall not be construed to affect the meaning or construction of any of the provisions hereof. 

Section 7.12        Severability. If any of the
provisions in this Agreement shall, for any reason, be held invalid, illegal or unenforceable in any respect, such invalidity, illegality, or unenforceability shall not affect any other provision of this Agreement and shall not invalidate the Lien
Priority or the application of Proceeds and other priorities set forth in this Agreement. 

Section 7.13        [Reserved]. 

Section 7.14        VENUE; JURY TRIAL WAIVER.

 (a)        EACH PARTY HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY SUBMITS, FOR
ITSELF AND ITS PROPERTY, TO THE NONEXCLUSIVE JURISDICTION OF THE SUPREME COURT OF THE STATE OF NEW YORK SITTING IN NEW 

  
 44 

 
YORK COUNTY AND OF THE UNITED STATES DISTRICT COURT OF THE SOUTHERN DISTRICT OF NEW YORK, AND ANY APPELLATE COURT FROM ANY THEREOF, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS
AGREEMENT, OR FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, AND EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEW YORK STATE
OR, TO THE EXTENT PERMITTED BY LAW, IN SUCH FEDERAL COURT. EACH OF THE PARTIES HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY
OTHER MANNER PROVIDED BY LAW. NOTHING IN THIS AGREEMENT SHALL AFFECT ANY RIGHT THAT ANY ABL SECURED PARTY OR ANY TERM SECURED PARTY MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS AGREEMENT, ANY TERM DOCUMENTS, OR ANY ABL
DOCUMENTS AGAINST ANY LOAN PARTY OR ITS PROPERTIES IN THE COURTS OF ANY JURISDICTION. 

(b)        EACH PARTY HERETO HEREBY WAIVES ITS RESPECTIVE RIGHTS TO A JURY TRIAL OF
ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF THIS AGREEMENT OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREIN, INCLUDING CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS, AND ALL OTHER COMMON LAW OR STATUTORY CLAIMS. EACH PARTY HERETO
REPRESENTS THAT IT HAS REVIEWED THIS WAIVER AND IT KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL. IN THE EVENT OF LITIGATION, A COPY OF THIS AGREEMENT MAY BE FILED AS A WRITTEN CONSENT TO A TRIAL BY
THE COURT. 
 (c)        EACH PARTY TO THIS AGREEMENT IRREVOCABLY CONSENTS TO
SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES IN SECTION 7.5. NOTHING IN THIS AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY TO THIS AGREEMENT TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY LAW. 

Section 7.15        Intercreditor Agreement.
This Agreement is the Intercreditor Agreement referred to in the ABL Credit Agreement and the Term Loan Credit Agreement. Nothing in this Agreement shall be deemed to subordinate the obligations due to (i) any ABL Secured Party to the
obligations due to any Term Secured Party or (ii) any Term Secured Party to the obligations due to any ABL Secured Party (in each case, whether before or after the occurrence of an Insolvency Proceeding), it being the intent of the Parties that
this Agreement shall effectuate a subordination of Liens but not a subordination of Indebtedness. 

Section 7.16        No Warranties or
Liability. Each Term Agent and the ABL Agent acknowledge and agree that neither has made any representation or warranty with respect to the execution, validity, legality, completeness, collectability or enforceability of any other ABL
Document or any Term Document. Except as otherwise provided in this Agreement, each Term Agent and the ABL Agent will be entitled to manage and supervise their respective extensions of credit to any Loan Party in accordance with law and their usual
practices, modified from time to time as they deem appropriate. 

Section 7.17        Conflicts. In the event of
any conflict between the provisions of this Agreement and the provisions of any ABL Document or any Term Document, the provisions of this Agreement shall govern; provided that nothing in this Agreement shall permit any Loan Party to incur
Indebtedness or Liens not otherwise permitted by the ABL Documents and Term Documents. 

  
 45 

Section 7.18        Information Concerning Financial
Condition of the Loan Parties. 
 (a)        Each of the Term Agent, any
other Term Agent and the ABL Agent hereby assumes responsibility for keeping itself informed of the financial condition of the Loan Parties and all other circumstances bearing upon the risk of nonpayment of the ABL Obligations or the Term
Obligations. Each Term Agent and the ABL Agent hereby agree that no party shall have any duty to advise any other party of information known to it regarding such condition or any such circumstances. In the event any Term Agent or the ABL Agent, in
their sole discretion, undertakes at any time or from time to time to provide any information to any other party to this Agreement, (a) they shall be under no obligation (i) to provide any such information to such other party or any other
party on any subsequent occasion, (ii) to undertake any investigation not a part of its regular business routine, or (iii) to disclose any other information, (b) they make no representation as to the accuracy or completeness of any
such information and shall not be liable for any information contained therein, and (c) the party receiving such information hereby agrees to hold the providing party harmless from any action the receiving party may take or conclusion the
receiving party may reach or draw from any such information, as well as from and against any and all losses, claims, damages, liabilities, and expenses to which such receiving party may become subject arising out of or in connection with the use of
such information. 
 (b)        The Loan Parties agree that any information
provided to the ABL Agent, any Term Agent, any ABL Secured Party or any Term Secured Party may be shared by such Person with any ABL Secured Party, any Term Secured Party, the ABL Agent or any Term Agent notwithstanding a request or demand by such
Loan Party that such information be kept confidential; provided that such information shall otherwise be subject to the respective confidentiality provisions in the ABL Credit Agreement and the Term Loan Credit Agreement, as applicable. 

Section 7.19        Additional Loan Parties.
The Company agrees that if any Subsidiary shall become both an ABL Loan Party and a Term Loan Party after the date hereof, it will promptly cause such Subsidiary to execute and deliver to the ABL Agent and each Term Agent an instrument in the form
of the Acknowledgement attached hereto. The execution and delivery of such Acknowledgement shall not require the consent of any other party hereunder. 

Section 7.20        Amendment and Restatement.
This Agreement amends and restates the Prior Intercreditor Agreement in its entirety. This Agreement shall supersede the Prior Intercreditor Agreement. The parties acknowledge and agree that this Agreement does not constitute a termination of the
rights and obligations under the Prior Intercreditor Agreement, all of which are in all respects continuing under this Agreement with only the terms being modified from and after the date hereof as provided in this Agreement. 

Section 7.21        Additional Term Lender
Intercreditor Agreements; ABL Agent Reliance. 

(a)        Notwithstanding anything to the contrary contained in this Agreement, each
party hereto agrees that the Term Secured Parties (as among themselves) may enter into the Term Lender Intercreditor Agreement or other intercreditor agreements (or similar arrangements) with the Term Agents governing the rights, benefits and
privileges of Term Secured Parties with respect to the Term Obligations or a portion thereof (as among themselves), in respect of any or all of the Collateral and the applicable Term Documents, including as to the application of Proceeds of any
Collateral, voting rights, control of any Collateral and waivers with respect to any Collateral, in each case so long as the terms thereof do not violate or conflict with the provisions of this Agreement. 

(b)        Except with respect to instructions or notices which this Agreement
expressly provides may only be issued to the ABL Agent by the Designated Term Agent (with respect to which the 

  
 46 

 
terms of this Section 7.21(b) shall not apply), each of the Loan Parties and the Secured Parties agree that ABL Agent (i) will have no obligation to determine the validity or propriety
(including under the Term Lender Intercreditor Agreement or otherwise) of any Enforcement Notice or other notice or instruction it reasonably believes delivered by the Designated Term Agent or other Term Agent, as applicable, (ii) shall have no
liability to any Secured Party for action based upon or in response to any such notice or instruction and (iii) if the ABL Agent receives notices or instructions from the Term Agents that it reasonably believes to be contradictory or
inconsistent with other notices or instructions from any Term Agent or the terms of this Agreement, it may refuse to take any action or refuse to treat such notice or instruction as effective until and unless (1) it receives separate
indemnification from a Term Agent on terms acceptable to ABL Agent or (2) a court of competent jurisdiction otherwise directs the ABL Agent to take action based upon such notice or instruction. None of the foregoing provisions of this clause
(b) will limit the obligation of ABL Agent to deliver notices to any Term Agent otherwise specifically required under this Agreement. 

[SIGNATURE PAGES FOLLOW] 

  
 47 

 IN WITNESS WHEREOF, the ABL Agent, for and on behalf of itself and the ABL
Lenders, and each Term Agent, for and on behalf of itself and the Term Lenders, have caused this Agreement to be duly executed and delivered as of the date first above written. 

 

					
		 	BANK OF AMERICA, N.A., in its capacity as the ABL Agent
			
		 	By:    	 	 /s/ Kindra S. Mullarky

		 		 	Name: Kindra M. Mullarky
		 		 	Title: SVP
		
		 	JPMORGAN CHASE BANK, N.A., in its capacity as the First Lien Term Agent
			
		 	By:	 	 /s/ Krys Szremski

		 		 	Name: Krys Szremski
		 		 	Title: Executive Director
		
		 	CORTLAND CAPITAL MARKET SERVICES LLC, in its capacity as the Second Lien Term Agent
			
		 	By:	 	 /s/ Matthew Trybula

		 		 	Name: Matthew Trybula
		 		 	Title: Associate Counsel

  
 [Signature Page to
Amended and Restated Intercreditor Agreement] 

					
		 	The undersigned acknowledges and agrees by its signature below that concurrent with the delivery of this counterpart that Discharge of the Term Obligations owing in respect of the Bridge Credit Agreement (as
such terms are defined in the Prior Intercreditor Agreement) has occurred, it is no longer the Designated Term Agent and no longer party to the Intercreditor Agreement.
		
		 	CORTLAND CAPITAL MARKET SERVICES LLC, as a Term Agent
			
		 	By:	 	 /s/ Matthew Trybula

		 		 	Name: Matthew Trybula
		 		 	Title: Associate Counsel

  
 [Signature Page to Amended
and Restated Intercreditor A.greement] 

 ACKNOWLEDGMENT 

Each Borrower, each ABL Guarantor and each Term Guarantor hereby acknowledges that it has received a copy of this Agreement
and consents thereto, agrees to recognize all rights granted thereby to the ABL Agent and each Term Agent, and will not do any act or perform any obligation which is not in accordance with the agreements set forth in this Agreement. Each Borrower,
each ABL Guarantor and each Term Guarantor further acknowledges and agrees that, except as set forth in Section 7.10, it is not an intended beneficiary or third party beneficiary under this Agreement and (i) as between the ABL Secured Parties and
the ABL Loan Parties, the ABL Documents remain in full force and effect as written and are in no way modified hereby, and (ii) as between the Term Secured Parties, the Company and Term Guarantors, the Term Documents remain in full force and effect
as written and are in no way modified hereby. For the avoidance of doubt, the consent and acknowledgement of the Borrowers, the ABL Guarantors and the Term Guarantors herein, shall not constitute a waiver of any of their rights available under the
Loan Documents, at law or in equity. 
  

							
		 	HORIZON GLOBAL CORPORATION,
		 	a Delaware corporation
			
	                                      
                                         
                         	 	By:	 	/s/ Brian
Whittman                                        

		 	Name: Brian Whittman
		 	Title: Vice President, Finance
		
		 	HORIZON GLOBAL AMERICAS INC.,
		 	a Delaware corporation
			
		 	By:	 	/s/ Brian
Whittman                                        

		 	Name: Brian Whittman
		 	Title: Vice President, Finance
		 	CEQUENT UK LIMITED, a company incorporated in England and Wales with company number 08081641
			
		 	By:	 	/s/ Jay
Goldbaum                                        
  
		 	Name: Jay Goldbaum
		 	Title: Director
		
		 	CEQUENT TOWING PRODUCTS OF CANADA LTD., a company formed under the laws of the Province of Ontario
			
		 	By:	 	/s/ Jay
Goldbaum                                        
  
		 	Name: Jay Goldbaum
		 	Title: Vice President and Secretary

  
 [Signature Page to
Acknowledgment to Amended and Restated Intercreditor Agreement] 

 
					
	HORIZON GLOBAL COMPANY LLC,
	a Delaware limited liability company
		
	By:	 	/s/ Brian
Whittman                                
	Name: Brian Whittman
	Title: Vice President, Finance
	
	HORIZON INTERNATIONAL HOLDINGS LLC,
	a Delaware limited liability company
		
	By:	 	/s/ Brian
Whittman                                
	Name: Brian Whittman
	Title: Vice President, Finance
	
	CEQUENT NEDERLAND HOLDINGS B.V.,
	a company formed under the laws of the Netherlands
		
	By:	 	/s/ Jay
Goldbaum                                
	Name: Jay Goldbaum
	Title: Director
	
	CEQUENT MEXICO HOLDINGS B.V.,
	a company formed under the laws of the Netherlands
		
	By:	 	/s/ Jay
Goldbaum                                
	Name: Jay Goldbaum
	Title: Director
	
	CEQUENT SALES COMPANY DE MEXICO, S. DE R.L. de C.V.,
	a limited liability company formed under the laws of Mexico
		
	By:	 	/s/ Jay
Goldbaum                                
	Name: Jay Goldbaum
	Title: Vice President and Director

  
 [Signature Page to
Acknowledgment to Amended and Restated Intercreditor Agreement] 

 
					
	CEQUENT ELECTRICAL PRODUCTS DE MEXICO, S. DE R.L. de C.V.,
	a limited liability company formed under the laws of Mexico
		
	By:	 	/s/ Jay
Goldbaum                                
	Name: Jay Goldbaum
	Title: Vice President and Director

  
 [Signature Page to
Acknowledgment to Amended and Restated Intercreditor Agreement] 

 EXHIBIT I 

[FORM OF] JOINDER AGREEMENT 

JOINDER AGREEMENT dated as of [            ],
20[    ] to the AMENDED AND RESTATED INTERCREDITOR AGREEMENT dated as of March 15, 2019 (the “Intercreditor Agreement”), among (I) BANK OF AMERICA, N.A., in its capacity as agent and collateral
agent (together with its successors and assigns in such capacities, the “ABL Agent”), (II) JPMORGAN CHASE BANK, N.A., in its capacity as administrative agent and collateral agent (together with its successors and
assigns in such capacities, the “First Lien Term Agent”) and (III) CORTLAND CAPITAL MARKET SERVICES LLC, in its capacity as administrative agent and collateral agent (together with its successors and assigns in
such capacities, the “Second Lien Term Agent” and together with the First Lien Term Agent, collectively, the “Term Agents”)). 

A.        Capitalized terms used herein but not otherwise defined herein shall have
the meanings assigned to such terms in the Intercreditor Agreement. 
 B.        As
a condition to the ability of [    ] to [refinance the ABL Credit Agreement, First Lien Term Loan Credit Agreement, Second Lien Term Loan Credit Agreement or [    ]] after the date of the
Intercreditor Agreement and to secure [ABL Credit Agreement, Term Loan Credit Agreement, Second Lien Term Loan Credit Agreement or [    ]] with a Lien on the Collateral, in each case under and pursuant to the collateral
documents relating thereto, [the agent, trustee or other representative in respect of such [    ]] is required, unless such agent, trustee or other representative is already a party to the Intercreditor Agreement, to
become a party under, and such Indebtedness and holders of such Indebtedness in respect thereof are required to become subject to and bound by, the Intercreditor Agreement. The undersigned (the “New Representative”) is executing
this Joinder in accordance with the requirements of the ABL Documents and the Term Documents. 
 Accordingly, the ABL Agent,
each Term Agent and each New Representative agree as follows: 
 Section 1. In accordance with the Intercreditor
Agreement, the New Representative by its signature below becomes a party under, and the related Indebtedness and holders of such Indebtedness become subject to and bound by, the Intercreditor Agreement as [ABL Obligations and ABL Secured Parties][
First Lien Term Obligations and First Lien Term Secured Parties][Second Lien Term Obligations and Second Lien Term Secured Parties], respectively, with the same force and effect as if the New Representative had originally been named therein as a
party thereto, and the New Representative, on behalf of itself and such holders of such Indebtedness, hereby agrees to all the terms and provisions of the Intercreditor Agreement applicable to it. Each reference to a [“Term Agent”]
[“ABL Agent”] in the Intercreditor Agreement shall be deemed to include the New Representative. The Intercreditor Agreement is hereby incorporated herein by reference. 

Section 2. The New Representative represents and warrants that (a) it has full power and authority to enter into
this Joinder, in its capacity as [agent] [trustee] [representative] under [describe new facility] and (b) this Joinder has been duly authorized, executed and delivered by it and constitutes its legal, valid and binding obligation, enforceable
against it in accordance with the terms of such Joinder. 

 Section 3.    This Joinder may be executed in
counterparts, each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Joinder shall become effective when executed and delivered by the parties hereto. Delivery of an executed
signature page to this Joinder by facsimile transmission or other electronic method shall be effective as delivery of a manually signed counterpart of this Joinder. 

Section 4.  Except as expressly supplemented hereby, the Intercreditor Agreement shall remain in full force and
effect. 
 SECTION 5.    THIS JOINDER SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE
LAWS OF THE STATE OF NEW YORK. 
 Section 6.    In case any one or more of the provisions
contained in this Joinder should be held invalid, illegal or unenforceable in any respect, no party hereto shall be required to comply with such provision for so long as such provision is held to be invalid, illegal or unenforceable, but the
validity, legality and enforceability of the remaining provisions contained herein and in the Intercreditor Agreement shall not in any way be affected or impaired. The parties hereto shall endeavor in good-faith negotiations to replace the invalid,
illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 

Section 7.  All communications and notices hereunder to the New Representative shall be given to it at the
address set forth below its signature hereto. 

  
 2 

 IN WITNESS WHEREOF, the ABL Agent, each Term Agent and each New
Representative have duly executed this Joinder to the Intercreditor Agreement as of the day and year first above written. 
  

									
		 	 [NAME OF NEW REPRESENTATIVE],

      as [                  
  ] for the holders of

      [                    
                    ],
	  	
				
		 	By:	  	                                   
                                       	  	
		 		  	Name:	  		  	
		 		  	Title:	  		  	                
				
		 		  	  Address for notices:	  	
				
		 		  	                                   
                                       	  	
		 		  	                                   
                                       	  	
					
		 		  	    Attention of:    	  	                                     
    	  	
		 		  	    Telecopy:	  	                                     
    	  	

  
 [Signature Page to
Joinder to Amended and Restated Intercreditor Agreement] 

					
		 	BANK OF AMERICA, N.A., in its capacity as the
		 	ABL Agent
			
		 	By:    	 	                                     
                       
		 		 	Name:
		 		 	Title:
		
		 	JPMORGAN CHASE BANK, N.A., in its capacity as the First Lien Term Agent
			
		 	By:	 	                                     
                       
		 		 	Name:
		 		 	Title:
		
		 	CORTLAND CAPITAL MARKET SERVICES LLC, in its capacity as the Second Lien Term Agent
			
		 	By:	 	                                     
                       
		 		 	Name:
		 		 	Title:

  
 [Signature Page to
Joinder to Amended and Restated Intercreditor Agreement] 

 EXHIBIT D 

Amendment to Guarantee and Collateral Agreement 

See attached. 

 Execution Version 

THIRD AMENDMENT AND JOINDER TO 

TERM LOAN GUARANTEE AND COLLATERAL AGREEMENT 

This Third Amendment and Joinder to Term Loan Guarantee and Collateral Agreement (this “Amendment”) is dated
as of March 15, 2019, and is by and among HORIZON GLOBAL CORPORATION, a Delaware corporation (the “Borrower”), certain of its Subsidiaries party to the Guarantee and Collateral Agreement as of the date hereof (the Borrower
and each such Subsidiary an “Existing Grantor”), the entities that are becoming a party to the Guarantee and Collateral Agreement pursuant to this Agreement (each, an “Additional Grantor” and, together with the
Existing Grantors, collectively, the “Grantors”) and JPMORGAN CHASE BANK, N.A. (the “Collateral Agent”), as collateral agent for the Secured Parties. 

RECITALS: 

WHEREAS, the Borrower, the Collateral Agent and certain other financial institutions are party to that certain Term Loan
Credit Agreement, dated as of June 30, 2015 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”); 

WHEREAS, in connection with the Credit Agreement, the Collateral Agent and the Existing Grantors entered into a Term Loan
Guarantee and Collateral Agreement dated as of June 30, 2015 (as amended, restated, supplemented, or otherwise modified before the date of this Amendment, the “Guarantee and Collateral Agreement”), in favor of the Collateral
Agent for itself and for the benefit of the Secured Parties; 
 WHEREAS, the Credit Agreement requires each Additional
Grantor to become a party to the Guarantee and Collateral Agreement; 
 WHEREAS, each Additional Grantor has agreed to
execute and deliver this Amendment in order to become a party to the Guarantee and Collateral Agreement; 
 WHEREAS, the parties desire to
make such other modifications and amendments to the Guarantee and Collateral Agreement more particularly set forth herein; 
 NOW,
THEREFORE, in consideration of the premises, the parties agree as follows: 

1.        Definitions. Defined terms used but not defined in this
Amendment are as defined in the Guarantee and Collateral Agreement or the Credit Agreement referenced therein, as applicable. 

2.        Amendments to Guarantee and Collateral Agreement. With effect as of the
Effective Date, the Guarantee and Collateral Agreement is hereby amended with the stricken text deleted (indicated textually in the same manner as the following example: stricken
text) and with the double-underlined text added (indicated textually in the same manner as the following example:
double-underlined text) as set forth in the pages of the Guarantee and
Collateral Agreement attached as 

  
 1 

 Exhibit A hereto. 

3.        Representations. To induce the Collateral Agent to enter into this Amendment,
each Grantor hereby represents to the Collateral Agent and the Lenders as follows: 
  

	(1)	 that such Grantor (A) is duly authorized to execute and deliver this Amendment; and (B) is and
will continue to be duly authorized to perform its obligations under the Guarantee and Collateral Agreement, as amended by this Amendment; 

  

	(2)	 that the execution and delivery of this Amendment and the performance by such Grantor of its obligations
under the Guarantee and Collateral Agreement, as amended by this Amendment, will not (A) violate any Applicable Law or regulation or the charter, by-laws or other organizational documents of such Grantor
or any order of any Governmental Authority or (B) violate or result in a default under any indenture, agreement or other instrument binding upon such Grantor or its assets, or give rise to a right thereunder to require any payment to be made by
such Grantor, except for violations, defaults or the creation of such rights that could not reasonably be expected to result in a Material Adverse Effect; 

  

	(3)	 that each of this Amendment and the Guarantee and Collateral Agreement, as amended by this Amendment, is a
legal, valid, and binding obligation of such Grantor, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general
principles of equity, regardless of whether considered in a proceeding in equity or at law; 

  

	(4)	 that the representations and warranties set forth in Article IV of the Guarantee and Collateral Agreement,
as amended by this Amendment, are true and correct in all material respects (but if any such representation or warranty is by its terms qualified or modified by materiality in the text thereof, that representation or warranty is true and correct in
all respects), on and as of the date of this Amendment, as though made on and as of such date (except to the extent that any such representation or warranty relates solely to an earlier date, in which case that representation or warranty is true and
correct in all material respects as of such earlier date (but if any such representation or warranty is by its terms qualified or modified by materiality in the text thereof, that representation or warranty is true and correct in all respects as of
such earlier date)); 

  

	(5)	 that such Grantor has complied with and is in compliance with all of the covenants set forth in the
Guarantee and Collateral Agreement, as amended by this Amendment, in all material respects, including those set forth in Article V of the Guarantee and Collateral Agreement; and 

 

	(6)	 that as of the date of this Amendment, no Default or Event of Default has occurred and is continuing.

 4.        Conditions. This Amendment shall be effective upon the
Collateral Agent’s receipt of this Amendment executed by the Collateral Agent and the Grantors. 

5.        Joinder. By executing and delivering this Amendment, each Additional
Grantor hereby becomes a party to the Guarantee and Collateral Agreement as a Guarantor and Grantor thereunder solely for the purposes of Article I (Definitions), Article II (Guarantee), Article III (Grant of 

  
 2 

 Security Interest) and Article IX (General Provisions) with the same force and effect as if originally named
therein as a Guarantor and Grantor and, without limiting the generality of the foregoing, hereby expressly assumes all obligations and liabilities of a Guarantor and Grantor under Article II (Guarantee) and Article III (Grant of Security Interest)
of the Guarantee and Collateral Agreement. The undersigned hereby agrees to be bound as a Guarantor and Grantor for the purposes of Article I (Definitions), Article II (Guarantee), Article III (Grant of Security Interest) and Article IX (General
Provisions) of the Guarantee and Collateral Agreement. The information set forth in Annex 1-A hereto is hereby added to the information set forth in Exhibits A, C (with respect to all registered or applied for
Patents, Trademarks or Copyrights owned by an Additional Grantor, regardless of in which jurisdiction such Intellectual Property has been registered or applied for) and D (solely with respect to any pledged Instruments). The Additional Grantor makes
no representations or warranties and does not agree to any covenants, in each case, set forth in any Loan Document. Any representation, warranty or affirmative covenant made under any Loan Document with respect to a “guarantor,” “Loan
Party,” or “Subsidiary Loan Party,” shall exclude each Additional Grantor. The Guarantee and grant of the security interest by the Additional Grantors under the Guarantee and Collateral Agreement shall be subject to the Agreed
Security Principles. If the grant of the security interest in any of an Additional Grantor’s assets conflicts with the Agreed Security Principles, such assets shall be deemed to be Excluded Property. 

6.        Miscellaneous.  

 

	(1)	 This Amendment is governed by, and is to be construed in accordance with laws of the State of New York,
without giving effect to any conflict of law principles except federal laws relating to national banks. Each provision of this Amendment is severable from every other provision of this Amendment for the purpose of determining the legal
enforceability of any specific provision. 

  

	(2)	 This Amendment binds the Collateral Agent and each Grantor and their respective successors and assigns, and
will inure to the benefit of the Collateral Agent, the Lenders, and each Grantor and the successors and assigns of the Collateral Agent and each Lender. 

  

	(3)	 Except as specifically modified or amended by the terms of this Amendment, all other terms and provisions of
the Guarantee and Collateral Agreement are incorporated by reference in this Amendment and in all respects continue in full force and effect. Each Grantor, by execution of this Amendment, hereby reaffirms, assumes, and binds itself to all of the
obligations, duties, rights, covenants, terms, and conditions that are contained in the Guarantee and Collateral Agreement. 

  

	(4)	 Each reference in the Guarantee and Collateral Agreement to “this Agreement,”
“hereunder,” “hereof,” or words of like import, and each reference to the Guarantee and Collateral Agreement in any and all instruments or documents delivered in connection therewith, will be deemed to refer to the Guarantee and
Collateral Agreement, as amended by this Amendment. 

  

	(5)	 This Amendment is a Loan Document. Each Grantor hereby acknowledges that the Collateral Agent’s
reasonable costs and expenses (including reasonable documented attorneys’ fees and expenses) incurred in drafting this Amendment and in amending the Guarantee and Collateral Agreement as provided in this Amendment constitute Obligations owing
pursuant to Section 10.03(a) of the Credit Agreement. 

  

	(6)	 The parties may sign this Amendment in several counterparts, each of which will be deemed to

  
 3 

 be an original but all of which together will constitute one instrument. 

[Signature pages to follow] 

  
 4 

 IN WITNESS WHEREOF, the Grantors and the Collateral Agent have executed this Amendment as of the date first
above written. 
  

			
	EXISTING GRANTORS:
	
	HORIZON GLOBAL CORPORATION, as the Borrower
	
	By: /s/ Brian Whittman
	Name:	 	Brian Whittman
	Title:	 	Vice President, Finance
	
	HORIZON GLOBAL AMERICAS, INC., as a Guarantor
	
	By: /s/ Brian Whittman
	Name:	 	Brian Whittman
	Title:	 	Vice President, Finance
	
	HORIZON INTERNATIONAL HOLDINGS LLC, as a Guarantor
	
	By: /s/ Brian Whittman
	Name:	 	Brian Whittman
	Title:	 	Vice President, Finance
	
	HORIZON GLOBAL COMPANY LLC, as a Guarantor
	
	By: /s/ Brian Whittman
	Name:	 	Brian Whittman
	Title:	 	Vice President, Finance

 
	
	ADDITIONAL GRANTORS:
	
	 CEQUENT UK LIMITED, a company
 incorporated
in England and Wales with
 company number 08081641

	
	By: /s/ Jay Goldbaum                            
	Name:  Jay Goldbaum
	Title:   Director
	
	 CEQUENT TOWING PRODUCTS OF
 CANADA LTD., a
company formed
 under the laws of the Province of Ontario

	
	By: /s/ Jay Goldbaum                            
	Name:  Jay Goldbaum
	Title:   Vice President and Secretary
	
	CEQUENT NEDERLAND HOLDINGS B.V., a company formed under the laws of the Netherlands
	
	By: /s/ Jay
Goldbaum                                    
	Name:  Jay Goldbaum
	Title:   Director
	
	CEQUENT MEXICO HOLDINGS B.V.,
	a company formed under the laws of the Netherlands
	
	By: /s/ Jay
Goldbaum                                    
	Name:   Jay Goldbaum
	Title:   Director
	
	CEQUENT SALES COMPANY DE MEXICO, S. DE R.L. de C.V., a limited liability company formed under the laws of Mexico
	
	By: /s/ Jay
Goldbaum                                    
	Name:  Jay Goldbaum
	Title:   Vice President and Director

 
	
	CEQUENT ELECTRICAL PRODUCTS DE MEXICO, S. DE R.L. de C.V., a limited liability company formed under the laws of Mexico
	
	By:   /s/ Jay
Goldbaum                                  
	Name:  Jay Goldbaum
	Title:   Vice President and Director

 
			
	COLLATERAL AGENT:
	
	 JPMORGAN CHASE BANK, N.A., as

Collateral Agent

	
	By:   /s/ Krys Szremski            

 
			
	Name:	 	Krys Szremski
	Title:	 	Executive Director

 EXHIBIT A 

Amendments to Guarantee and Collateral Agreement 

See attached. 

 Execution
CopyVersion 

 
  

TERM LOAN GUARANTEE AND COLLATERAL AGREEMENT 

made by 
 HORIZON GLOBAL
CORPORATION 
 and certain of its Subsidiaries 

in favor of 
 JPMORGAN CHASE BANK,
N.A., 
 as Collateral Agent 

Dated as of June 30, 2015 
  

 

 TERM LOAN GUARANTEE AND COLLATERAL AGREEMENT 

THIS TERM LOAN GUARANTEE AND COLLATERAL AGREEMENT (as it may be amended, restated, amended and restated, supplemented or
otherwise modified from time to time, this “Agreement”) is entered into as of June 30, 2015 by and among HORIZON GLOBAL CORPORATION, a Delaware corporation (the “Borrower”), certain of its Subsidiaries
signatories hereto (the Borrower and each such Subsidiary a “Grantor”, and collectively, the “Grantors”) and JPMORGAN CHASE BANK, N.A., as collateral agent (in such capacity, the “Collateral Agent”)
for the banks and other financial institutions or entities (the “Lenders”) from time to time parties to the Term Loan Credit Agreement, dated as of June 30, 2015 (as amended, restated, amended and restated, supplemented or
otherwise modified from time to time, the “Credit Agreement”) among the Borrower, the Lenders, the Collateral Agent, and the other agents party thereto. 

PRELIMINARY STATEMENT 

WHEREAS, pursuant to the Credit Agreement, the Lenders have severally agreed to make extensions of credit to
the Borrower upon the terms and subject to the conditions set forth therein; 
 WHEREAS, the Borrower is a
member of an affiliated group of companies that includes each other Grantor; 
 WHEREAS, the Borrower and
the other Grantors are engaged in related businesses, and each Grantor will derive substantial direct and indirect benefit from the making of the extensions of credit under the Credit Agreement; and 

WHEREAS, it is a condition precedent to the obligation of the Lenders to make their respective extensions of
credit to the Borrower under the Credit Agreement that the Grantors shall have executed and delivered this Agreement to the Collateral Agent for the ratable benefit of the Secured Parties; 

NOW, THEREFORE, in consideration of the premises and to induce the Collateral Agent and the Lenders to enter into the Credit
Agreement and to induce the Lenders to make their respective extensions of credit to the Borrower thereunder, each Grantor hereby agrees with the Collateral Agent, for the ratable benefit of the Secured Parties, as follows: 

ARTICLE I 
 DEFINITIONS

 1.1        Terms Defined in Credit Agreement. All capitalized terms
used herein and not otherwise defined shall have the meanings assigned to such terms in the Credit Agreement. 

1.2        Terms Defined in UCC or PPSA. Terms defined in the UCC or the PPSA which are not otherwise defined in this Agreement are used herein as defined in Articles 8 or 9 of the UCCshall have the meanings set forth in the UCC or the PPSA, as applicable and as the context requires. 
 1.3        Definitions and Rules
of Construction. Whenever the words “include”, “including”, or “includes” appear in this Agreement, they shall be read to be followed by the words “without limitation” or words having similar import. 

 1.4        Definitions of Certain Terms Used
Herein. As used in this Agreement, in addition to the terms defined in the Preliminary Statement, the following terms shall have the following meanings: 

“ABL Priority Collateral” has the meaning set forth in the ABL/Term Loan Intercreditor Agreement. 

“Account Debtor” shall mean any person who is or who may become obligated to any Grantor under, with respect
to or on account of an Account. 

“Agreed
Security Principles” shall mean, with respect to the Foreign Domiciled Grantors, principles in recognition of certain legal and practical difficulties in obtaining effective guarantees and security from such Foreign Domiciled Grantors in
jurisdictions in which it has been agreed that a Lien on Collateral will be granted in order to secure the Obligations, and the agreement that in such jurisdictions or with respect to the Obligations of such Foreign Domiciled Grantors: 

(a)
        general statutory limitations,
financial assistance, capital maintenance, corporate benefit, corporate interest (vennootschappelijk belang), fraudulent preference, “thin capitalization” rules, tax restrictions or costs, retention of title claims, liquidity maintenance
and similar principles may limit the ability of any such Foreign Domiciled Grantors to provide a guarantee or security or may require that the guarantee or security be limited by an amount or otherwise; 

(b) 
       the consent of certain supervisory boards, works councils or other external bodies or persons may be required under Applicable Law in such jurisdiction to enable any such Foreign Domiciled Grantors to provide
a guarantee or security, and such Foreign Domiciled Grantors shall use best efforts to obtain such consent, but such guarantee and/or security shall not be required unless such consent has been received; 

(c) 
       any such Foreign Domiciled Grantor will not be required to give guarantees or enter into Security Documents if it would conflict with the fiduciary duties of the directors, officers, managers (or equivalent)
of such Foreign Domiciled Grantor or contravene any legal prohibition or would result in (or in a material risk of) the contravention of the fiduciary duties of, or in civil, personal or criminal liability on the part of any directors, officers,
managers (or equivalent) of any such Foreign Domiciled Grantor; 

(d) 
       the Liens (including, for the avoidance of doubt, the maximum amount secured thereunder to the extent required by any Applicable Law) securing the Obligations and the extent of their perfection will be agreed
by the Lender Representative and the Borrower, taking into account the cost (including material adverse tax consequences or material adverse effects on interest deductibility and stamp duty, notarization and registration fees) to such Foreign
Domiciled Grantor of providing such Liens so as to ensure that it is not excessive in light of the benefit accruing to the Secured Parties; 

(e) 
       in certain jurisdictions it may be either legally impossible or impractical (such impossibility or impracticality to be agreed by the Lender Representative and the Borrower) to grant guarantees or create
Liens over certain categories of assets in which event such guarantees will not be granted and Liens will not be taken over such assets; provided that, to the extent a change in law makes it possible or practical to grant a Lien where it was
previously considered impossible or impractical, such Foreign Domiciled Grantors will provide such guarantees and/or Liens subject to these Agreed Security Principles as soon as reasonably practicable; 

(f) 
       no such Foreign Domiciled Grantors shall be required to guarantee or grant Liens to secure the Obligations to the extent that providing such guarantee or Liens would result in material 

 
adverse tax consequences to a Grantor or a Subsidiary of a Grantor, as reasonably
determined by Borrower in consultation with the Lender Representative; and 

(g) 
       perfection of Liens, when required, and other legal formalities will be completed as soon as reasonably practicable and, in any event, within the time periods specified in the relevant Security Documents or
this Agreement (as such times may be extended by Lender Representative in its reasonable discretion if the relevant provision so allows). 

As of the
Sixth Amendment Effective Date, the Grantors agree that no condition of any of the types described in the foregoing clauses (a) through (g) exists, and that the Agreed Security Principles shall not, as of the Sixth Amendment Effective Date, limit
the guarantees provided (or to be provided) and Liens granted (or to be granted) by the Foreign Domiciled Grantors party to this Agreement on the Sixth Amendment Effective Date. 

“Applicable
 Law” all laws, rules, regulations and governmental guidelines applicable to the Person, conduct, transaction, agreement or matter in question, including all applicable statutory law, common law and equitable principles (including, without
limitation, any banking, exchange control, financial assistance, minimum capitalization, fraudulent conveyance, mandatory labor advice or similar rules or regulations), and all provisions of constitutions, treaties, statutes, rules, regulations,
orders and decrees of Governmental Authorities. 

“Article” means a numbered article of this Agreement, unless another document is specifically referenced.

“Canadian
 Domiciled Grantor” each Grantor that is incorporated or organized under the laws of Canada or any province or territory of Canada. 

“Civil
Code” the Civil Code of Québec, or any successor statute, as amended from time to time, and includes all regulations thereunder. 

“Collateral” has the meaning set forth in Article III. 

“Collateral Deposit Account” means each Deposit Account of a Grantor other than an Excluded Account. 

“Collection Account” has the meaning set forth in Section 8.1(b). 

“Copyrights” means, with respect to any Person, all of such Person’s right, title, and interest in and
to the following: (a) all copyrights, rights and interests in copyrights, works protectable by copyright, copyright registrations, and copyright applications; (b) all renewals of any of the foregoing; (c) all income, royalties, damages,
and payments now or hereafter due and/or payable under any of the foregoing, including, without limitation, damages or payments for past or future infringements for any of the foregoing; (d) the right to sue for past, present, and future
infringements of any of the foregoing; and (e) all rights corresponding to any of the foregoing throughout the world. 
 “Dutch Domiciled Grantor” each Grantor that is incorporated or organized under the laws of the Netherlands or any jurisdiction of
the Netherlands. 
 “Excluded Accounts” means (a) Excluded
Trust Accounts, (b) Deposit Accounts and Securities Accounts of the Loan Parties containing not more than $50,000 individually or $250,000 in the aggregate at any time, and (c) zero-balance accounts
that sweep on a daily basis to an account 

 
maintained with the ABL Collateral Agent or subject to a Deposit Account control agreement for the benefit of the ABL Collateral Agent pursuant to the terms of the ABL Loan Documents. 

“Excluded Contract” means any contract or agreement to which a Grantor is a party or any governmental permit held by a
Grantor to the extent that (a) the terms of such contract, agreement or permit prohibit or restrict the creation, incurrence or existence of the security interest granted hereunder therein or the assignment thereof without the consent of any
party thereto other than the Borrower or any Subsidiary and (b) such prohibition or restriction is permitted under Section 6.10 of the Credit Agreement (other than to the extent that any such term would be rendered ineffective pursuant to
Sections 9-406, 9-407, 9-408 or 9-409 of the New York UCC or any other applicable law, pursuant to the PPSA, pursuant
to the Civil Code or pursuant to any other Applicable Law or principles of equity); provided that (i) the term “Excluded Contract” shall not include any rights for any
amounts due or to become due pursuant to any Excluded Contract and (ii) the Liens in favor of the Secured Parties shall attach immediately at such time as the condition causing such unenforceability shall be remedied and, to the extent
severable, shall attach immediately to any portion of such contract or agreement in which the creation, incurrence or existence of the security interest granted hereunder, or the assignment thereof, as the case may be, is not so prohibited or
restricted; provided, further, that such Grantor shall use commercially reasonable efforts to obtain all consents or waivers necessary to permit the grant of Liens in favor of the Secured Parties in such Excluded Contract. 

“Excluded Property” means (a) any asset, including, without limitation, Accounts and proceeds of Inventory, of any kind,
to the extent that (i) such asset is sold pursuant to any Specified Vendor Receivables Financing and in accordance with the applicable Specified Vendor Receivables Financing Documents and (ii) such sale or intended sale is permitted by
Section 6.05(c)(ii) of the Credit Agreement, (b) any asset acquired, constructed or improved pursuant to a capital lease or purchase money indebtedness permitted by Section 6.01(a)(viii) of the Credit Agreement, (c) Excluded
Contracts, (d) any Trademark applications and/or registrations with the Mexican Trademark Office by a Grantor (other than a Mexican Domiciled Grantor) filed in the United States Patent and Trademark Office in each case on the basis of such
Grantor’s “intent-to-use” such trademark solely to the extent that, and solely during the period in which, granting a security interest in such Trademark
application prior to such filing would adversely affect the enforceability or validity or result in the voiding thereof, unless and until acceptable evidence of use of the Trademark has been filed with and accepted by the United States Patent and
Trademark Office pursuant to Section 1(c) or Section 1(d) of the Lanham Act (15 U.S.C. 1051, et seq.), whereupon such trademark application will, without any further action taken on the part of such Grantor or the Collateral Agent, be
deemed to constitute Collateral, (e) any shares of Voting Stock of any Foreign Subsidiary or CFC in excess of 65% of the issued and outstanding shares of Voting Stock of
such Foreign Subsidiary or CFC (other than any CFC or Foreign Subsidiary organized under the laws of Germany, the United Kingdom (or any political subdivision thereof) or the Netherlands), (f) any property or assets for which the creation or perfection of pledges of, or security interests in, pursuant to the Security Documents would result in material adverse tax consequences to theany
Loan PartiesParty or any Subsidiary of Loan
Party, as reasonably determined by the Borrower in consultation with the Collateral Agent, (gf) assets in circumstances where the cost of obtaining a security interest in such assets, including, without limitation, the cost of title
insurance, surveys or flood insurance (if necessary) would be excessive in light of the practical benefit to the Secured Parties afforded thereby as reasonably determined by the Borrower and the Collateral Agent, (hg)
any asset subject to a purchase money security interest, capital lease obligations or similar arrangement, in each case, to the extent the grant of a security interest therein would violate or invalidate such purchase money or similar arrangement or
create a right of termination in favor of any other party thereto after giving effect to the applicable anti-assignment provisions of the New York
UCC, the PPSA, the Civil Code or other applicable lawApplicable Law, other than proceeds and receivables
thereof, the assignment of which is expressly deemed effective under the New York UCC or other applicable lawApplicable Law notwithstanding such 

 
prohibition, (ih) any property of a
personPerson existing at the time such
personPerson is acquired
or, merged or amalgamated with or into or consolidated with any Loan Party that is subject to a Lien permitted by Section 6.02(e) of the Credit
Agreement to the extent and for so long as the contract or other agreement in which such Lien is granted validly prohibits the creation of any other Lien on such property,
(ji) any Excluded Trust Accounts and,
(kj) Equity Interests in any non-wholly owned Subsidiaries, but only to the extent that (x) the organizational documents or other agreements with equity holders of such non-wholly owned Subsidiaries do not permit or restrict the pledge of such
Equity Interests, or (y) the pledge of such Equity Interests (including any exercise of remedies) would result in a change of control, repurchase obligation or other adverse consequence to any of the Loan Parties or such Subsidiary and (k) any assets excluded from constituting Collateral in accordance with Section 9.26. 
 “Excluded Trust Accounts” means Deposit Accounts or
Securities Accounts used exclusively (a) for payroll, taxes or employee benefits, (b) to receive proceeds of Accounts sold to third parties pursuant to Specified Vendor Receivables Financings permitted under the Loan Documents, (c) to
hold cash and/or cash equivalents pledged to secure other obligations of the Borrower or any Subsidiary thereof pursuant to Liens permitted under the Loan Documents, (d) as escrow accounts, (e) as fiduciary or trust accounts, and accounts
otherwise held exclusively for the benefit of third parties, other than a Grantor and (f) that contain solely deposits permitted by clauses (c) and (d) of the definition of “Permitted Encumbrances” in the Credit Agreement,
including in connection with any letters of credit issued pursuant to such clauses, if the documents governing such deposits prohibit the granting of a Lien on such deposits. 

“Exhibit” refers to a specific exhibit to this Agreement, unless another document is specifically referenced.

“Foreign Domiciled
 Grantor” any Grantor that is not a U.S. Domiciled Grantor. 

“German
Domiciled Grantor” means any Grantor which is formed or organized under the laws of Germany. 

“Guarantor Obligations” means with respect to any Guarantor, all obligations and liabilities of such
Guarantor which may arise under or in connection with this Agreement (including, without limitation, Article II), whether on account of guarantee obligations, reimbursement obligations, fees, indemnities, costs, expenses or otherwise (including,
without limitation, all fees and disbursements of counsel to the Collateral Agent or to the Secured Parties that are required to be paid by such Guarantor pursuant to the terms of this Agreement). 

“Guarantors” means the Grantors; provided that each Grantor shall be considered a Guarantor only with
respect to the Primary Obligations of any other Loan Party. 
 “Intellectual Property” means the collective
reference to all rights, priorities and privileges relating to intellectual property, whether arising under United States, multinational or foreign laws or otherwise, including, without limitation, the Copyrights, the Copyright Licenses, the
Patents, the Patent Licenses, the Trademarks and the Trademark Licenses, and all rights to sue at law or in equity for any infringement, misappropriation or violation thereof, including the right to receive all proceeds and damages therefrom. 

“Licenses” means, with respect to any Person, all of such Person’s right, title, and interest in and to
(a) any and all licensing agreements or similar arrangements in and to its Patents, Copyrights, or Trademarks, (b) all income, royalties, damages, claims, and payments now or hereafter due or payable

 
under and with respect thereto, including, without limitation, damages and payments for past and future breaches thereof, and (c) all rights to sue for past, present, and future breaches
thereof. 

“Mexican Domiciled
 Grantors” means each Grantor organized or incorporated under the laws of Mexico or any jurisdiction thereof. 

“Obligations” means, with respect to any Grantor, the collective reference to its Primary Obligations and its
Guarantor Obligations. 
 “Patents” means, with respect to any Person, all of such Person’s right,
title, and interest in and to: (a) any and all patents and patent applications; (b) all inventions and improvements described and claimed therein; (c) all reissues, divisionals, continuations, renewals, and continuations-in-part thereof; (d) all income, royalties, damages, claims, and payments now or hereafter due or payable under and with respect thereto, including, without
limitation, damages and payments for past and future infringements thereof; (e) all rights to sue for past, present, and future infringements thereof; and (f) all rights corresponding to any of the foregoing throughout the world. 

“Pledged Chattel Paper” means all Chattel Paper, but only to the extent not constituting Excluded Property.

 “Pledged Collateral” means all Instruments, Securities and other Investment Property of the Grantors
(other than Excluded Property), whether or not physically delivered to the Collateral Agent pursuant to this Agreement. 

“Pledged Securities” means any promissory notes, stock certificates or other securities now or hereafter
included in the Pledged Collateral, including all certificates, instruments or other documents representing or evidencing any Pledged Collateral. 

“PPSA”
 means the Personal Property Security Act (Ontario), as amended from time to time, (or any successor statute) and the regulations thereunder; provided, however, if validity, perfection and effect of perfection and
non-perfection and opposability of the Collateral Agent’s security interest in and Lien on any Collateral of any Canadian Domiciled Grantor are governed by the personal property security laws of any
jurisdiction other than Ontario, PPSA shall mean those personal property security laws (including the Civil Code) 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. 

“Primary Obligations” means, with respect to any Loan Party, the unpaid principal of and interest on
(including interest accruing after the maturity of the Loans and interest accruing after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like proceeding, relating to such Loan Party, whether or not
a claim for post-filing or post-petition interest is allowed in such proceeding) the Loans and all other obligations and liabilities of such Loan Party to the Administrative Agent, the Collateral Agent or any other Secured Party, whether direct or
indirect, absolute or contingent, due or to become due, or now existing or hereafter incurred, which may arise under, out of, or in connection with, the Credit Agreement, any other Loan Documents (other than this Agreement) or any other document
made, delivered or given in connection herewith or therewith (other than this Agreement), whether on account of principal, interest,
premium (including the Prepayment Premium) reimbursement obligations, fees,
indemnities, costs, expenses (including all fees, charges and disbursements of counsel to the Administrative Agent, the Collateral Agent or to any other Secured Party 

 
that are required to be paid by such Loan Party pursuant to the terms of any of the foregoing agreements) or otherwise. 

“Proceeds” means all “proceeds” as such term is defined in
Section 9-102(a)(64) of the New York UCC or in any other Applicable Law, as
applicable, and, in any event, shall include, without limitation, all dividends or other income from the Investment Property, collections thereon or distributions or payments with respect thereto.

 “Receivables” means the Accounts, Chattel Paper, Documents, Investment Property, Instruments and
any other rights or claims to receive money which are General Intangibles or which are otherwise included as Collateral. 

“Section” means a numbered section of this Agreement, unless another document is specifically referenced.

 “Secured Parties” means the collective reference to the Administrative Agent, the Collateral Agent and
the Lenders. 
 “Specified Permitted Liens” means the Liens permitted under Sections 6.02(a) and 6.02(r) of
the Credit Agreement, provided that such Liens on the Collateral securing the obligations of the Loan Parties under the ABL Loan Documents remain subject to the ABL/Term Loan Intercreditor Agreement. 

“STA”
 means the Securities Transfer Act, 2006 (Ontario) (or any successor statute), as amended from time to time, and the regulations thereunder. 

“Stock Rights” means all dividends, instruments or other distributions and any other right or property which
the Grantors shall receive or shall become entitled to receive for any reason whatsoever with respect to, in substitution for or in exchange for any Equity Interests constituting Collateral, any right to receive Equity Interests and any right to
receive earnings, in which the Grantors now have or hereafter acquire any right, issued by an issuer of such Equity Interests. 

“Trademarks” means, with respect to any Person, all of such Person’s right, title, and interest in and
to the following: (a) all trademarks (including service marks), trade names, trade dress, and trade styles and the registrations and applications for registration thereof and the goodwill of the business symbolized by the foregoing;
(b) all renewals of the foregoing; (c) all income, royalties, damages, and payments now or hereafter due or payable with respect thereto, including, without limitation, damages, claims, and payments for past and future infringements
thereof; (d) all rights to sue for past, present, and future infringements of the foregoing; and (e) all rights corresponding to any of the foregoing throughout the world. 

“U.S.
Domiciled Grantor” means each Grantor that is organized under the laws of a jurisdiction of the United States of America or any State thereof or the District of Columbia. 

“UCC” means the Uniform Commercial Code, as in effect from time to time, of the State of New York or of any
other state the laws of which are required as a result thereof to be applied in connection with the attachment, perfection or priority of, or remedies with respect to, Collateral Agent’s or any Lender’s Lien on any Collateral. 

“UK
Domiciled Grantor” means each Grantor that is incorporated or organized under the laws of any legal jurisdiction of the United Kingdom. 

 “Voting Stock” means, with respect to any Person, Equity Interests issued
by such Person the holders of which are ordinarily, in the absence of contingencies, entitled to vote for the election of directors (or persons performing similar functions) of such Person, even where the right so to vote has been suspended by the
happening of such a contingency. 
 The foregoing definitions shall be equally applicable to both the singular and plural forms of the
defined terms. 
 ARTICLE II 

GUARANTEE 

2.1    Guarantee. (a) Each of the Guarantors hereby, jointly and severally, unconditionally
and irrevocably, guarantees to the Administrative Agent, for the ratable benefit of the Secured Parties and their respective successors, indorsees, transferees and assigns, the prompt and complete payment and performance by the Loan Parties when due
(whether at the stated maturity, by acceleration or otherwise) of the Primary Obligations of the Loan Parties. 
 (b)
Anything herein or in any other Loan Document to the contrary notwithstanding, the maximum liability of each Guarantor hereunder and under the other Loan Documents shall in no event exceed the amount which can be guaranteed by such Guarantor under
applicable federal and state laws relating to fraudulent conveyances or transfers or the insolvency of debtors (after giving effect to the right of contribution established in Section 2.2). 

(c) Each Guarantor agrees that the Primary Obligations of the Loan Parties may at any time and from time to time exceed the
amount of the liability of such Guarantor hereunder without impairing the guarantee contained in this Article II or affecting the rights and remedies of the Administrative Agent or any Lender hereunder. 

(d) The guarantee contained in this Article II shall remain in full force and effect until all the Primary Obligations of the
Loan Parties (other than contingent obligations, indemnification, expense reimbursement, tax gross-up or yield protection as to which no claim has been made) and the obligations of each Guarantor under the
guarantee contained in this Article II shall have been satisfied by payment in full and the Commitments shall be terminated, notwithstanding that from time to time during the term of the Credit Agreement the Loan Parties may be free from any Primary
Obligations. 
 (e) No payment made by the Borrower, any other Loan Party, any of the Guarantors, any other guarantor or any
other Person or received or collected by the Administrative Agent, the Collateral Agent or any Lender from the Borrower, any other Loan Party, any of the Guarantors, any other guarantor or any other Person by virtue of any action or proceeding or
any set-off or appropriation or application at any time or from time to time in reduction of or in payment of the Primary Obligations shall be deemed to modify, reduce, release or otherwise affect the
liability of any Guarantor hereunder which shall, notwithstanding any such payment (other than any payment made by such Guarantor in respect of the Primary Obligations of the Loan Parties or any payment received or collected from such Guarantor in
respect of the Primary Obligations of the Loan Parties), remain liable for the Primary Obligations of the Loan Parties up to the maximum liability of such Guarantor hereunder until the Primary Obligations of the Loan Parties (other than contingent
obligations, indemnification, expense reimbursement, tax gross-up or yield protection in each case as to which no claim has been made) are paid in full and the Commitments are terminated. 

2.2     Right of Contribution. Each Guarantor hereby agrees that to the extent that a Guarantor
shall have paid more than its proportionate share of any payment made hereunder, such Guarantor shall 

 
be entitled to seek and receive contribution from and against any other Guarantor hereunder which has not paid its proportionate share of such payment. Each Guarantor’s right of contribution
shall be subject to the terms and conditions of Section 2.3. The provisions of this Section 2.2 shall in no respect limit the obligations and liabilities of any Guarantor to the Secured Parties, and each Guarantor shall remain liable to
the Secured Parties for the full amount guaranteed by such Guarantor hereunder. 

2.3        No Subrogation. Notwithstanding any payment made by any Guarantor
hereunder or any set-off or application of funds of any Guarantor by the Collateral Agent or any other Secured Party, no Guarantor shall be entitled to be subrogated to any of the rights of the Collateral
Agent or any other Secured Party against the Borrower, any other Loan Party or any other Guarantor or any collateral security or guarantee or right of offset held by the Collateral Agent or any other Secured Party for the payment of the Primary
Obligations of the Loan Parties, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Borrower, any other Loan Party or any other Guarantor in respect of payments made by such Guarantor hereunder, until all
amounts owing to the Collateral Agent and the other Secured Parties by the Loan Parties on account of the Primary Obligations (other than contingent obligations for indemnification, expense reimbursement, tax
gross-up or yield protection as to which no claim has been made) are paid in full and the Commitments are terminated. If any amount shall be paid to any Guarantor on account of such subrogation rights at any
time when all of the Primary Obligations of the Loan Parties (other than contingent obligations for indemnification, expense reimbursement, tax gross-up or yield protection as to which no claim has been made)
shall not have been paid in full, such amount shall be held by such Guarantor in trust for the Collateral Agent and the other Secured Parties, segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be
turned over to the Collateral Agent in the exact form received by such Guarantor (duly indorsed by such Guarantor to the Collateral Agent, if required), to be applied against the Primary Obligations of the Loan Parties, whether matured or unmatured,
in such order as the Collateral Agent may determine. 
 2.4        Amendments,
etc. with respect to the Primary Obligations. Each Guarantor shall remain obligated hereunder notwithstanding that, without any reservation of rights against any Guarantor and without notice to or further assent by any Guarantor, any demand for
payment of any of the Primary Obligations of the Loan Parties made by the Collateral Agent or any other Secured Party may be rescinded by the Collateral Agent or such other Secured Party and any of the Primary Obligations of the Loan Parties
continued, and the Primary Obligations of the Loan Parties, or the liability of any other Person upon or for any part thereof, or any collateral security or guarantee therefor or right of offset with respect thereto, may, from time to time, in whole
or in part, be renewed, extended, amended, modified, accelerated, compromised, waived, surrendered or released by the Collateral Agent or any other Secured Party, and the Credit Agreement and the other Loan Documents and any other documents executed
and delivered in connection therewith may be amended, modified, supplemented or terminated, in whole or in part, as the Collateral Agent (or the Required Lenders or all Lenders, as the case may be) may deem advisable from time to time, and any
collateral security, guarantee or right of offset at any time held by the Collateral Agent or any other Secured Party for the payment of the Primary Obligations of the Loan Parties may be sold, exchanged, waived, surrendered or released. Neither the
Collateral Agent nor any other Secured Party shall have any obligation to protect, secure, perfect or insure any Lien at any time held by it as security for the Primary Obligations of the Loan Parties or for the guarantee contained in this Article
II or any property subject thereto. 
 2.5        Guarantee Absolute and
Unconditional. Each Guarantor waives any and all notice of the creation, renewal, extension or accrual of any of the Primary Obligations of the Loan Parties and notice of or proof of reliance by the Collateral Agent or any other Secured Party
upon the guarantee contained in this Article II or acceptance of the guarantee contained in this Article II; the Primary Obligations of the Loan Parties, and any of them, shall conclusively be deemed to have been created, contracted or

 
incurred, or renewed, extended, amended or waived, in reliance upon the guarantee contained in this Article; and all dealings between the Loan Parties, on the one hand, and the Collateral Agent
and the other Secured Parties, on the other hand, likewise shall be conclusively presumed to have been had or consummated in reliance upon the guarantee contained in this Article II. Each Guarantor waives diligence, presentment, protest, demand for
payment and notice of default or nonpayment to or upon the Borrower, any other Loan Party or any of the Guarantors with respect to the Primary Obligations of the Loan Parties. Each Guarantor understands and agrees that the guarantee contained in
this Article II shall be construed as a continuing, absolute and unconditional guarantee of payment without regard to (a) the validity or enforceability of the Credit Agreement or any other Loan Document, any of the Primary Obligations of the
Loan Parties or any other collateral security therefor or guarantee or right of offset with respect thereto at any time or from time to time held by the Collateral Agent or any other Secured Party, (b) any defense, set-off or counterclaim (other than a defense of payment or performance) which may at any time be available to or be asserted by the Borrower or any other Person against the Collateral Agent or any other Secured
Party, or (c) any other circumstance whatsoever (with or without notice to or knowledge of the Borrower, any other Loan Party or such Guarantor) which constitutes, or might be construed to constitute, an equitable or legal discharge of the Loan
Parties for the Primary Obligations, or of such Guarantor under the guarantee contained in this Article II, in bankruptcy or in any other instance. When making any demand hereunder or otherwise pursuing its rights and remedies hereunder against any
Guarantor, the Collateral Agent or any other Secured Party may, but shall be under no obligation to, make a similar demand on or otherwise pursue such rights and remedies as it may have against the Borrower, any other Loan Party, any other Guarantor
or any other Person or against any collateral security or guarantee for the Primary Obligations of the Loan Parties or any right of offset with respect thereto, and any failure by the Collateral Agent or any other Secured Party to make any such
demand, to pursue such other rights or remedies or to collect any payments from the Borrower, any other Loan Party, any other Guarantor or any other Person or to realize upon any such collateral security or guarantee or to exercise any such right of
offset, or any release of the Borrower, any other Loan Party with Primary Obligations, any other Guarantor or any other Person or any such collateral security, guarantee or right of offset, shall not relieve any Guarantor of any obligation or
liability hereunder, and shall not impair or affect the rights and remedies, whether express, implied or available as a matter of law, of the Collateral Agent or any other Secured Party against any Guarantor. For the purposes hereof
“demand” shall include the commencement and continuance of any legal proceedings. 

2.6        Reinstatement. The guarantee contained in this Article II shall
continue to be effective, or be reinstated, as the case may be, if at any time payment, or any part thereof, of any of the Primary Obligations of the Loan Parties is rescinded or must otherwise be restored or returned by the Collateral Agent or any
other Secured Party upon the insolvency, bankruptcy, dissolution, liquidation or reorganization of the Borrower, any other Loan Party 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, the Borrower, any other Loan Party or any Guarantor or any substantial part of its property, or otherwise, all as though such payments had not been made. 

2.7        Payments. Each Guarantor hereby guarantees that payments hereunder
will be paid to the Collateral Agent without set-off or counterclaim in Dollars at its offices at 383 Madison Avenue, New York, New York 10017 or such other office designated by the Collateral Agent in writing
to the Borrower. 

2.8
           Mexican Domiciled
Grantors. Each Mexican Domiciled Grantor hereby expressly acknowledges and agrees that this Agreement is governed by the laws of the State of New York as set forth in Section 9.16 and expressly agrees that any rights and privileges that it might
otherwise have under the laws of Mexico shall not be applicable to this Agreement, indemnities and other assurances contained herein or any guarantee granted by such Mexican Domiciled Grantor, on the date hereof or in 

 
the future, pursuant to this Agreement. For such purposes, each Mexican Domiciled
Grantor hereby unconditionally and irrevocably waives any rights to which it may be entitled (including the rights to excusión, orden, división and subrogación), to the extent applicable, under Articles 2813, 2814, 2815, 2816,
2817, 2818, 2819, 2820, 2821, 2822, 2823, 2824, 2826, 2827, 2828, 2830, 2835, 2836, 2837, 2838, 2839, 2840, 2842, 2844, 2846, 2847, 2848 and 2849 of the Federal Civil Code (Código Civil Federal) and the corresponding provisions of the Civil
Codes of the States of Mexico and the Federal District of Mexico (or any successor provisions). Each Mexican Domiciled Grantor represents that (a) it is familiar with the contents of the articles referred to above; (b) it will receive
valuable direct and indirect benefits as a result of the entering into this Agreement and any other Loan Document to which it is a party; (c) it is solvent pursuant to the terms of the Mexican Bankruptcy Law; (d) it has not been declared
in concurso mercantil or bankruptcy (quiebra) or other similar insolvency procedure; and (e) there is no pending and, to the best of its knowledge, threatened action, claim, requirement or proceeding before any court, governmental agency,
arbitrator or jurisdictional entity that affects or could affect the legality, validity or enforceability of this Agreement. 

2.9 German Domiciled
Grantors. 

(a) German Guarantor. For
the purpose of this Agreement, a “German Guarantor” means any Grantor that is established in Germany as (i) a limited liability company (Gesellschaft mit beschränkter Haftung) or (ii) a limited
partnership (Kommanditgesellschaft) or a general partnership (offene Handelsgesellschaft) with, in each case, a limited liability company (Gesellschaft mit beschränkter Haftung) as personally
liable partner (persönlich haftender Gesellschafter) (the “PLP”). 

(b) German Guaranty and
Collateral Limitation. If a German Guarantor guarantees or secures otherwise obligations or liabilities (including guarantees, letters of credit or similar instruments) of any of its affiliated companies (verbundene Unternehmen) within the
meaning of section 15 et seq. of the German Stock Corporation Act (AktG) that is not a direct or indirect subsidiary of the German Guarantor, the secured parties under this Agreement agree to enforce the guarantee granted in Article II of
this Agreement (the “Guaranty”) and the Collateral granted in Article III of this Agreement against the German Guarantor or its PLP only to the extent that such enforcement would not:

 (i) result in a
negative balance (Unterbilanz) of the German Guarantor or its PLP, i.e. reducing the net assets (Reinvermögen) of the Grantor or its PLP to an amount less than its registered share capital (Stammkapital),
or 

(ii) if the net assets of
the German Guarantor or its PLP are already less than the registered share capital result in its net assets (Reinvermögen) to be further reduced (Vertiefung einer Unterbilanz) 

and would thus in each case
constitute a violation of the German capital maintenance rules pursuant to sections 30 and 31 of the German Limited Liability Company’s Act (GmbHG). 

(c) Net
Assets. For the purposes of paragraph (b) above, “net assets” means the assets calculated on the basis of the balance sheet items listed in sections 266 para. 2 A, B (in deviation from section 272 para. 1 of the German Commercial Code
(HGB) including not yet called outstanding contributions (nicht eingeforderte ausstehende Einlagen)), C, D and E of the German Commercial Code (HGB) less all liabilities listed in section 266 para. 3 B, C, D and E HGB and less
such amounts being subject to a distribution barrier pursuant to section 268 para. 8 HGB, section 253 para. 6 HGB or section 272 para. 5 HGB, always provided that for the purpose of calculating the enforceable amount (if any) the following balance
sheet items shall be disregarded: 

(i)
         the amount of any increase of the
registered share capital of the German Guarantor or its PLP other than as permitted pursuant to the Loan Documents and/or that has been effected without the prior written consent of the Agent;

(ii) 
        liabilities incurred by the German Guarantor or its PLP not permitted pursuant to the Loan Documents; 

(iii) 
        liabilities of the German Guarantor or its PLP owed to any group member; and 

(iv) 
        liabilities of the German Guarantor or its PLP owed to shareholders to the extent that such liabilities are subordinated pursuant to section 39 para. 1 no. 5 or section 39 para. 2 of the German Insolvency
Code (InsO). 

Unless deviations are
required by mandatory law, the relevant net assets are to be determined in accordance with generally accepted accounting principles observing the accountings principles applied in the previous years for the creation of the non-consolidated financial
statement. 
 (d)         Management Calculation.    The enforcement of the Guarantee and of
the Collateral against the German Guarantor shall initially only be excluded if and to the extent that no later than ten (10) Business Days following a written notice of the Collateral Agent to enforce the Guaranty and/or the Collateral (the
“Enforcement Notice”), the managing directors of the German Guarantor or its PLP have submitted to the Agent an updated balance sheet of that German Guarantor or its PLP derived from the latest annual financial statement together with a
detailed written calculation based on the date of receipt of the Enforcement Notice (the “Management Calculation”) confirming to their best knowledge which amount cannot be enforced as this would cause the net assets of the relevant German
Guarantor or its PLP being less than (or to fall further below) its registered share capital. 

(e)    
     Auditors’ Determination.    The Collateral Agent is entitled to enforce the Guarantee and the Collateral in such an amount that is undisputed according to the Management Calculation and the German
Guarantor is obliged to pay such undisputed amount to the Agent. 

With regard
to the disputed amount, the German Guarantor shall submit to the Collateral Agent within thirty (30) Business Days after the Collateral Agent has partly or totally rejected the calculation in the Management Calculation a determination prepared
by auditors of international standard and reputation (or otherwise accepted by the Collateral Agent) appointed (in coordination with the Collateral Agent) by and at the costs of the German Guarantor confirming to which extent the Guaranty and
Collateral can be enforced against the German Guarantor on the date of receipt of the Enforcement Notice (the “Auditors’ Determination”). The Auditors’ Determination has to refer to a recent balance sheet of the German Guarantor
or its PLP. The calculation of the Auditors’ Determination is final and binding upon the parties, safe for obvious mistakes. In case the Auditors’ Determination will not be submitted within the stipulated time period, the Agent is entitled
to enforce the Guaranty and Collateral against the German Guarantor in full. 

(f) 
        Required Actions. Provided that the Guarantee cannot be fully enforced against the German Guarantor due to the aforementioned provisions the German Guarantor or its PLP is obliged (to the extent legally
permitted and necessary to enable the Collateral Agent to enforce the Guarantee and Collateral in full or with less limitations) to: 

(i) 
        immediately dispose of any of its assets that are not required for the German Guarantor’s or its PLP’s business and the book value of which is significantly lower than its market value; 

(ii)
         otherwise realize all hidden reserves
in relation to assets that are required for the German Guarantor’s or its PLP’s business; and 

(iii)
        adopt all other reasonable measures which are necessary to allow the Collateral Agent to fully enforce the Guarantee and the Collateral. 

The German
Guarantor will notify the Collateral Agent about the sale proceeds and the book value of its respective assets and of the realized hidden reserves. 

(g) 
       No restrictions. The restrictions pursuant to Section 2.2 do not apply to the extent that: 

(i)
        the Guarantee is enforced against the German Guarantor or its PLP with regard to an amount that the German Guarantor or its PLP or any of their subsidiaries has utilized under or in connection with the
Loan Documents; 

(ii)
        the Guarantee and/or Collateral is granted (i) in relation to amounts (not yet repaid) being on-lent or otherwise passed on to the German Guarantor or its
PLP or its subsidiaries or otherwise be used for their purposes or (ii) in relation to liabilities deriving from letters of credit issued in order to secure liabilities of the German Guarantor or its PLP or their subsidiaries; 

(iii)
        insolvency proceedings against the German Guarantor’s assets are opened, unless the Federal High Court (BGH) has confirmed that section 30 of the German Limited Liability Company’s Act
(GmbHG) remains applicable in such event; 
 (iv)         according to statutory law or according to case law of the Federal High Court it has
been established that the restrictions pursuant to paragraph (b) above are not (or not anymore) necessary in order to avoid that the managing directors of the German Guarantor or its PLP become personal liable, in particular pursuant to section
43 para. 2 and 3 of the German Limited Liability Company’s Act (GmbHG); or 

(v)
        the German Guarantor or its PLP is a dependent (abhängig) and/or profit pooling (gewinnabführend) company subject to a domination and/or a profit and loss pooling
agreement rendering section 30 para. 1 of the German Limited Liability Company’s Act (GmbHG) inapplicable. 

(h)
        No prejudice. No limitation of enforcement will prejudice the right of the Collateral Agent to enforce the Guarantee and the Collateral pursuant to the provisions set forth above again at a later
time. 

2.10 Dutch
Guaranty Limitations. Any guaranty pursuant to this Agreement given by a guarantor incorporated under the laws of the Netherlands (a “Dutch Guarantor”) is subject to the limitations on unlawful financial assistance within the meaning of
section 2:98c of the Dutch Civil Code. 
 2.11         Guarantor Intent. Without prejudice to the generality of Sections 2.4 and 2.5, each
Guarantor expressly confirms that it intends that this guarantee shall extend from time to time to any (however fundamental) variation, increase, extension or addition of or to any of the Loan Documents and/or any facility or amount made available
under any of the Loan Documents for the purposes of or in connection with any of the following: business acquisitions of any nature; increasing working capital; enabling investor distributions to be made; carrying out restructurings; refinancing
existing facilities; refinancing any other indebtedness; making facilities available to new borrowers; any other variation or 

 
extension of the purposes for which any such facility or amount might be made
available from time to time; and any fees, costs and/or expenses associated with any of the foregoing. 

2.12
    Additional Security. This guarantee is in addition to and is not in any way prejudiced by any other guarantee or security now or subsequently held by any Secured Party or its respective successors, indorsees, transferees and
assigns. 
 ARTICLE III 

GRANT OF SECURITY INTEREST 

Each Grantor hereby pledges, assigns and grants to the Collateral Agent, on behalf of and for the benefit of the Secured
Parties, to secure the prompt and complete payment and performance when due (whether at stated maturity, by acceleration or otherwise) of such Grantor’s Obligations, a security interest in all of its right, title and interest in, to and under
all personal property and other assets, whether now owned by or owing to, or hereafter acquired by or arising in favor of such Grantor (including under any trade name or derivations thereof), and whether owned or consigned by or to, or leased from
or to, such Grantor, and regardless of where located (all of which will be collectively referred to as the “Collateral”), including: 
  

	 	(a)	 all Accounts; 

  

	 	(b)	 all Chattel Paper; 

  

	 	(c)	 all Deposit Accounts; 

 

	 	(d)	 all Documents (other than title documents with respect to Vehicles); 

 

	 	(e)	 all Equipment; 

  

	 	(f)	 all Fixtures; 

  

	 	(g)	 all General Intangibles; 

 

	 	(h)	 all Goods; 

  

	 	(i)	 all Instruments; 

  

	 	(j)	 all Intellectual Property; 

 

	 	(k)	 all Inventory; 

  

	 	(l)	 all Investment Property; 

 

	 	(m)	 all cash or cash equivalents; 

 

	 	(n)	 all letters of credit,
Letter-of-Credit Rights and Supporting Obligations; 

  

	 	(o)	 all Commercial Tort Claims; 

(p)         all accessions to, substitutions for and replacements, proceeds (including Stock Rights),
insurance proceeds and products of the foregoing, together with all books and records, customer 

 
lists, credit files, computer files, programs, printouts and other computer materials and records related thereto and any General Intangibles at any time evidencing or relating to any of the
foregoing; 
 (q) all other property not otherwise described above (except for any property specifically excluded from any clause in this
section above, and any property specifically excluded from any defined term used in any clause of this section above); 
 (r) all books and
records pertaining to the Collateral; and 
 (s)    to the extent not otherwise included in the foregoing, all
Proceeds, Supporting Obligations and products of any and all of the foregoing and all collateral security and guarantees given by any Person with respect to any of the foregoing; 

provided, however, that notwithstanding any of the other provisions set forth in this Agreement or the other Loan Documents, no
Excluded Property shall constitute Collateral under this Agreement. In addition, in no event shall perfection by control or similar arrangements be required with respect to any Deposit Account (other than the Term Collateral Proceeds Account) or
Securities Account; provided that, to the extent any Deposit Accounts and Securities Accounts are under the control of the ABL Collateral Agent at any time pursuant to the terms of the ABL/Term Loan Intercreditor Agreement, the ABL Collateral Agent
shall act as agent and gratuitous bailee for the Collateral Agent for the purpose of perfecting the Collateral Agent’s Liens in such Deposit Account and Securities Account. 

Each Grantor acknowledges
that (i) value has been given, (ii) it has rights in the Collateral (other than after-acquired collateral), (iii) it has not agreed to postpone the time of attachment of the security interest, and (iv) it has received a copy of this
Agreement. In addition, the security interest granted herein does not attach to consumer goods (as defined in the PPSA) or extend to the last day of the term of any lease or agreement for lease of real property.  

The Collateral Agent and the Lenders acknowledge that the granting of any
Collateral pursuant to this Article III by any German Domiciled Grantor may
not be valid, effective or enforceable in the jurisdiction (other than the U.S.) where such Collateral is located. 

ARTICLE IV 

REPRESENTATIONS AND WARRANTIES 

To induce the Collateral Agent and the Lenders to enter into the Credit Agreement and to induce the Lenders to make their respective
extensions of credit to the Borrower thereunder, each Grantor other than any German Domiciled Grantor hereby represents and warrants to the Collateral Agent and each Lender that: 

4.1 Title, Perfection and Priority. Such Grantor has good and valid rights in and title to the Collateral with respect to which it has
purported to grant a security interest hereunder and has full power and authority to grant to the Collateral Agent the security interest in such Collateral pursuant hereto and to execute, deliver and perform its obligations in accordance with the
terms of this Agreement, without the consent or approval of any other person other than any consent or approval that has been obtained. When financing statements naming such Grantor as debtor and the Collateral Agent as secured party and providing a
description of the Collateral with respect to which such Grantor has purported to grant a security interest hereunder have been filed in the appropriate offices against such Grantor in the locations listed on Schedule 1.04 to the Perfection
Certificate delivered on the Closing Date (or specified by notice from the Borrower to the Collateral Agent after the Closing Date in the case of filings, recordings or registrations required by Section 5.12 or 5.13 of the Credit Agreement) and at Companies House in 

 
England and Wales with respect to UK Domiciled Grantors, and in the RUG with
respect to Mexican Domiciled Grantors, the Collateral Agent will have a fully perfected first priority security interest
(or such other priority as required by the Intercreditor Agreements),
subject only to Liens permitted under Section 5.1(e), in that Collateral of thesuch Grantor
and in which a security interest may be perfected by filing of an initial
financing statement in the appropriate office against such Grantor; provided (a) with respect to all
Grantors, that the filing of this Agreement (or a fully executed short-form agreement in form and substance reasonably satisfactory to the Collateral Agent) with the United States Patent and
Trademark Office and the United States Copyright Office or any successor office thereof (collectively, the “U.S. IP Filing Offices”) is necessary to perfect the security interest of
the Collateral Agent in respect of any United States issued and applied for Patents, United States federally registered and applied for Trademarks and United States registered and applied for Copyrights (the “U.S. IP Filing Collateral”) acquired by such Grantor after the date hereof; (b) with respect to Canadian Domiciled Grantors,
that the filing of this Agreement (or a fully executed short-form agreement in form and substance reasonably satisfactory to the Agent) with the Canadian Intellectual Property Office or any successor office thereof (the “Canadian IP Filing
Office”) is necessary to perfect the security interest of the Agent in respect of any Canadian issued and applied for Patents, Canadian federally registered and applied for Trademarks and Canadian registered and applied for Copyrights (the
“Canadian IP Filing Collateral”) acquired by such Grantor after the date hereof, (c) with respect to Mexican Domiciled Grantors, that the filing of the corresponding Mexican Asset Pledge (or a fully executed short-form agreement in form
and substance reasonably satisfactory to the Agent) with the Mexican Institute of Intellectual Property (Instituto Mexicano de la Propiedad Intelectual) or any successor office thereof (the “Mexican IP Filing Office” and, together with the
U.S. IP Filing Office and the Canadian IP Filing Office, the “IP Filing Offices”) is necessary to perfect the security interest of the Agent in respect of any Mexican issued and applied for Patents, Mexican federally registered and applied
for Trademarks and Mexican registered and applied for Copyrights (the “Mexican IP Filing Collateral” and, together with the U.S. IP Filing Collateral, the Canadian IP Filing Collateral and the Mexican IP Filing Collateral, the “IP
Filing Collateral”) acquired by such Grantor after the date hereof. When the Collateral Agent (or its agent or
designee) takes possession or Control of all Collateral with respect to which a security interest may only be perfected by possession or Control under all Applicable Laws, the Collateral Agent will have a fully perfected first priority (or such other priority required by any of the
Intercreditor Agreements) security interest, subject only to Liens permitted under Section 5.1(e), in such Collateral. 
 Such
Grantor represents and warrants that fully executed security agreements in the form hereof (or a fully executed short-form agreement in form and substance reasonably satisfactory to the Collateral Agent) and containing a description of all applicable Collateral consisting of Intellectual Property with respect to United States issued Patents and Patent applications and United States federally registered Trademarks (and Trademarks for which United States
registration applications are pending) and United States registered (and applied for) CopyrightsIP Filing
Collateral have been delivered to the Collateral Agent for recording by the United States Patent and Trademark Office and
the United States Copyright Office or any successor office thereofapplicable IP Filing Offices, with respect to the U.S. IP Filing Collateral pursuant to 35 U.S.C. § 261, 15 U.S.C. § 1060 or 17 U.S.C. § 205 and the regulations thereunder, as applicable,
and, with respect to the other IP Filing Collateral, pursuant to Applicable Law, to establish a legal, valid and perfected security interest in favor of the Collateral Agent (for the benefit of the Secured Parties) in respect of all Collateral consisting of United States issued Patents and Patent applications and United States federally registered Trademarks (and Trademarks for which United States registration applications are pending) and
United States registered (and applied for) Copyrights in which a security interest may be perfected by filing or recording in the United States Patent and Trademark Office and the United States Copyright Office or any successor office
thereofIP Filing Collateral. When such security agreements or
short-form agreements have been filed in the United States Patent and Trademark Office and the United States Copyright Officeapplicable IP Filing Offices against such 

 Grantor, the Collateral Agent will have a fully perfected first priority security interest,
subject only to Liens permitted under Section 5.1(e), in respect of all Collateral consisting of United States issued Patents and Patent applications and United States federally
registered Trademarks (and Trademarks for which United States registration applications are pending) and United States registered (and applied for) Copyrights in which a security interest may be perfected by filing or recording in such
offices,IP Filing Collateral, and no further or subsequent filing or recording will be necessary (other
than the financing statements referred to in the paragraph above and such actions as are necessary to perfect the security interest in favor of the Collateral Agent (for the benefit of the Secured Parties) with respect to any IP Filing Collateral
consisting of United States issued Patents and Patent applications and United States federally registered Trademarks (and Trademarks for which United States registration
applications are pending) and United States registered (and applied for) Copyrights acquired by such Grantor after the date hereof). Within the time period set forth in Exhibit E to the Fifth Amendment (or such later date as the Collateral Agent may
agree in its sole discretion), each Grantor party to this Agreement as of the Fifth Amendment Effective Date shall provide a perfected security interest over substantially all material intellectual property owned by such Grantor but registered or
licensed in a foreign country other than the U.S. where such a perfected security interest can readily be provided, omitting only that material intellectual property the pledge and/or perfection of which would, in such Grantor’s good faith
reasonable judgment, would impose upon the Grantor or applicable Subsidiary material costs or material operational issues, or which the cost of doing do would, as reasonably agreed between such Grantor and the Administrative Agent, exceed the
benefit thereof.. 
 None of the U.S. Domiciled Grantors shall be required, nor is the Collateral Agent authorized, to perfect the security interests granted by this Agreement with respect to Intellectual Property
arising out of or located outside of the United States. None of the Foreign Domiciled Grantors shall be required, nor is the Collateral Agent authorized, to perfect the security interests granted by this Agreement with respect to Collateral arising
out of or located outside of both the United States and the country under the laws of
which such Foreign Domiciled Grantor is organized, incorporated or formed.

 4.2   Type and Jurisdiction of
Organization. The state of organization of such Grantor; Organizational and Identification Numbers. The (a) type of entity of such
Grantor, (b) its jurisdiction or country and state or province of organization, incorporation or formation, (c) the
organizational number issued to it by the competent authority or by its
jurisdiction, state or province of organization, incorporation
or formation and (d) its federal taxpayer identification number, VAT number or equivalent, in
each case as of the Closing Date is set forth on Exhibit A. 

4.3    Principal Location. The address of such Grantor’s
chief executive office or corporate domicile (and if different, its registered office) as of the Closing Date and each other location
where such Grantor maintains its books and records relating to any material portion of the Collateral, including accounts receivable and General Intangibles, are disclosed in Exhibit B. 

4.4  Absence of Other Liens. The Collateral is owned by the Grantors free and clear of
any Lien, except for Liens expressly permitted pursuant to Section 6.02 of the Credit Agreement. Such Grantor has not filed or consented to the filing of (a) any financing statement or analogous document under the Uniform Commercial CodeUCC, the PPSA or any other applicable lawsApplicable Laws covering any Collateral, (b) any assignment in which such Grantor assigns any
Collateral or any security agreement or similar instrument covering any Collateral with the United States Patent and Trademark Office or the United States Copyright
Officeany IP Filing Office or in the records of the appropriate governmental office
in such Grantor’s country of organization (or incorporation or formation, as applicable), if different, or (c) any assignment in which such Grantor assigns any Collateral or any security
agreement or similar instrument covering any Collateral with any foreign governmental, municipal or other office, which financing statement or analogous document, assignment, security 

 
agreement or similar instrument is still in effect, except, in each case, for Liens expressly permitted pursuant to Section 6.02 of the Credit Agreement. Such Grantor does not hold any
commercial tort claim with a value in excess of $500,000 as of the Closing Date except as indicated on the Perfection Certificate. 

4.5      Deposit Accounts. All of such Grantor’s Deposit Accounts
and Securities Accounts in existence on the Closing Date are listed on Exhibit E. 

4.6      [Reserved]. 

4.7    Chattel Paper. Such Grantor’s Pledged Chattel Paper is maintained at
its chief executive office set forth in Exhibit B. None of the Pledged Chattel Paper has any marks or notations indicating that it has been pledged, assigned or otherwise conveyed to any Person, other than those that have been terminated. The names
of the obligors, amounts owing, due dates and other information with respect to its Pledged Chattel Paper are and will be correctly stated in all material respects in all records of such Grantor relating thereto. 

4.8      [Reserved]. 

4.9 Intellectual Property. Exhibit C sets forth a true and complete list of (i) each registered
or applied for United States Patent, Trademark or Copyright owned by each Grantor as of the Closing Date (other than expired,
abandoned or lapsed properties) and (ii) all Licenses under which a Grantor is an exclusive licensee of a registered or applied for Patent, Trademark or Copyright as of the Closing Date. All Intellectual Property listed on Exhibit C is
subsisting and unexpired, and to the knowledge of such Grantor, valid and enforceable. 

4.10      [Reserved]. 

4.11  Pledged Collateral. (a) Exhibit D sets forth a complete and accurate list of all Pledged
Securities (provided that, with respect to Pledged Securities constituting promissory notes and debt securities, Exhibit D only sets forth such Pledged Securities evidencing Indebtedness having an aggregate principal amount in excess of $500,000,
payable or due to such Grantor by or from any other Person (including any other Grantor)) owned by such Grantor as of the Closing Date. As of the Closing Date, such Grantor is the direct, sole beneficial owner and sole holder of record of the
Pledged Securities listed on Exhibit D as being owned by it, free and clear of any Liens, except for the security interest granted to the Collateral Agent for the benefit of the Lenders hereunder, Permitted Encumbrances and Specified Permitted
Liens. Such Grantor further represents and warrants that (i) all Pledged Collateral (solely with respect to Pledged Collateral issued by a Person other than a wholly owned Subsidiary of a Grantor, to the best of the Grantors’ knowledge)
owned by it constituting Equity Interests has been (to the extent such concepts are relevant with respect to such Pledged Collateral) duly authorized and validly issued and are fully paid and non-assessable;
(ii) with respect to any certificates delivered to the Collateral Agent (or its agent or designee) representing Equity Interests,
either such certificates are Securities as defined in Article 8 of the UCC (or with respect to the Equity Interests owned by Foreign Domiciled Grantors, as defined in any other
Applicable Law, as applicable) as a result of actions by the issuer or otherwise, or, if such certificates are not Securities, such Grantor has so informed the Collateral Agent so that the
Collateral Agent may take steps to perfect its security interest therein as a General Intangible; (iii) all such Pledged Collateral held by a securities intermediary (other than in an Excluded Account) is covered by a control agreement among
such Grantor, the securities intermediary and the ABL Collateral Agent pursuant to which the ABL Collateral Agent has Control; provided that no such control agreements shall be required prior to the date that is 60 days after the Closing Date
(or such later date as may be agreed by the ABL Collateral Agent in its reasonable discretion) and (iv) all Pledged 

 
Collateral which represents Indebtedness owed to such Grantor (solely with respect to Pledged Collateral issued by a Person other than a wholly owned Subsidiary of a Grantor, to the best of the
Grantors’ knowledge) has been duly authorized, authenticated or issued and delivered by the issuer of such Indebtedness, is the legal, valid and binding obligation of such issuer and such issuer is not in default thereunder. 

(b) In addition, (i) the pledge of the Pledged Collateral pursuant to this Agreement does not violate Regulation T, U or
X of the Federal Reserve Board or any successor thereto, (ii) to the best of such Grantor’s knowledge, none of the Pledged Collateral owned by it has been issued or transferred in material violation of the securities registration, securities disclosure or similar laws of any jurisdiction
to which such issuance or transfer may be subject, (iii) as of the Closing Date there are existing no options, warrants, calls or commitments of any character whatsoever (A) relating to such Pledged Collateral or (B) which obligate
the issuer of any Equity Interests included in the Pledged Collateral that is a direct or indirect subsidiary of any Borrower to issue additional Equity Interests, and (iv) no consent, approval, authorization, or other action by, and no giving
of notice, filing with, any governmental authority or any other Person is required for the pledge by such Grantor of such Pledged Collateral pursuant to this Agreement or for the execution, delivery and performance of this Agreement by such Grantor,
or for the exercise by the Collateral Agent of the voting or other rights provided for in this Agreement in accordance with the Intercreditor Agreements or for the remedies in respect of the Pledged Collateral pursuant to this Agreement, except as
may be required in connection with such disposition by laws affecting the offering and sale of securities generally or where the absence of which could not reasonably be expected to have a Material Adverse Effect. 

ARTICLE V 
 COVENANTS 

From the date of this Agreement, and thereafter until this Agreement is terminated, each Grantor agrees that: 

5.1 General. 

(a) Collateral Records.    Such Grantor agrees to maintain, at its own cost and expense, such
complete and accurate records with respect to the Collateral owned by it as is consistent with its current practices and in accordance with such prudent and standard practices used in industries that are the same as or similar to those in which such
Grantor is engaged, but in any event to include complete accounting records indicating all payments and proceeds received with respect to any part of the Collateral, and, at such time or times as the Collateral Agent may reasonably request, promptly
to prepare and deliver to the Collateral Agent a duly certified schedule or schedules in form and detail satisfactory to the Collateral Agent showing the identity, amount and location of any and all Collateral. 

(b) Authorization to File Financing Statements; Ratification. Such Grantor hereby authorizes the Collateral Agent to
file, and if requested will deliver to the Collateral Agent, all financing statements and other documents and take such other actions as may from time to time be reasonably requested by the Collateral Agent in order to maintain a first priority
perfected security interest (subject to the Intercreditor Agreements) in and, if applicable, Control of, the Collateral owned by such Grantor. Any financing statement filed by the Collateral Agent may be filed in any filing office in any applicable
UCC, PPSA or other jurisdiction andthat the Collateral Agent determines to be applicable (which shall
include, with respect to the UK Domiciled Grantors, at Companies House in England and Wales, and may (i) indicate such
Grantor’s Collateral (1) as “all assets of the Grantor” or words of similar effect, 

 
regardless of whether any particular asset included in the Collateral falls within the scope of Article 9 of the UCC of such jurisdiction, or (2) by any other description which reasonably
approximates the description contained in this Agreement, and (ii) contain any other information required by part 5 of Article 9 of the UCC or any other Applicable Law for the sufficiency or filing office acceptance of any financing statement or amendment, including whether such Grantor is an organization, the type of organization and any organizationorganizational identification number (or equivalent) issued to such Grantor. Such Grantor also agrees to
furnish any such information described in the foregoing sentence to the Collateral Agent promptly upon request. 

(c)    Further Assurances.    Such Grantor agrees, at its own expense, to
execute, acknowledge, deliver and cause to be duly filed all such further instruments and documents and take all such actions as the Collateral Agent may from time to time reasonably request to better assure, preserve, protect and perfect the
security interest of the Secured Parties in the Collateral and the rights and remedies created hereby, including the payment of any fees and taxes required in connection with the execution and delivery of this Agreement, the granting of the Liens
hereunder and the filing of any financing statements (including fixture filings) or other documents in connection herewith or therewith. If any amount in excess of $500,000 payable under or in connection with any of the Collateral shall be or become
evidenced by any promissory note or other instrument, such note or instrument shall be immediately pledged and promptly delivered to the Collateral Agent (or its agent or
designee), duly endorsed in a manner satisfactory to the Collateral Agent. 

(d) Disposition of Collateral. Such Grantor shall not make or permit to be made an assignment for security, pledge or
hypothecation of the Collateral or grant any other Lien in respect of the Collateral, except as expressly permitted by the Credit Agreement. Such Grantor shall not make or permit to be made any transfer of the Collateral and such Grantor shall
remain at all times in possession of the Collateral owned by it, except that (a) Inventory may be sold in the ordinary course of business and (b) unless and until the Collateral Agent shall notify the Borrower that an Event of Default shall
have occurred and be continuing and that during the continuance thereof the Grantors shall not sell, convey, lease, assign, transfer or otherwise dispose of any Collateral (which notice may be given by telephone if promptly confirmed in writing),
such Grantor may use and dispose of the Collateral in any lawful manner not prohibited by this Agreement, the Credit Agreement or any other Loan Document. 

(e)    Liens. Such Grantor will not create, incur, or suffer to exist any Lien on the Collateral
owned by it except for the Specified Permitted Liens and Liens otherwise permitted by the Credit Agreement. 

(f)    Other Financing Statements.    Such Grantor acknowledges that it is not
authorized to file any financing statement or amendment or termination statement with respect to any financing statement naming the Collateral Agent as secured party without the prior written consent of the Collateral Agent, subject to such
Grantor’s rights under Section 9-509(d)(2) of the UCC or other similar Applicable Law. 

(g) Protection of Security. Such Grantor shall, at its own cost and expense and at the request of the Collateral
Agent, take any and all commercially reasonable actions necessary to defend title to the Collateral against all persons and to defend the security interest of the Collateral Agent in the Collateral and the priority thereof against any Lien not
expressly permitted pursuant to Section 6.02 of the Credit Agreement. 
 (h) Compliance with Terms. Such
Grantor shall remain liable, as between itself and any relevant counterparty, to observe and perform all the conditions and obligations to be observed and performed by it under each contract, agreement or instrument relating to the Collateral, all
in accordance 

 
with the terms and conditions thereof, and such Grantor jointly and severally agrees to indemnify and hold harmless the Collateral Agent and the Secured Parties from and against any and all
liability for such performance. 
 5.2 Receivables. 

(a)  Certain Agreements on Receivables. Except with respect to Excluded Property, during the continuance of an Event of
Default, such Grantor will not, without the Collateral Agent’s prior written consent, grant any extension of the time of payment of any of the Accounts, compromise, compound or settle the same for less than the full amount thereof, release,
wholly or partly, any person liable for the payment thereof or allow any credit or discount whatsoever thereon, other than extensions, credits, discounts, compromises or settlements granted or made in the ordinary course of business and consistent
with its current practices and in accordance with such prudent and standard practices used in industries that are the same as or similar to those in which such Grantor is engaged. 

(b)        [Reserved]. 

(c)        [Reserved]. 

(d)  Assignment of Security Interest. If at any time such Grantor shall take a security interest in any
property of an Account Debtor or any other person to secure payment and performance of an Account (except with respect to Excluded Property), such Grantor shall promptly assign such security interest to the Collateral Agent to the extent legally permissible. Such assignment need not be filed of public record unless necessary to continue the perfected status of
the security interest against creditors of and transferees from the Account Debtor or other person granting the security interest. 

(e)   Electronic Chattel Paper and Transferable Records. If such Grantor at any time holds or acquires an interest with a
value in excess of $500,000 in any Electronic Chattel Paper or any “transferable record,” as that term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act, or in §16 of the Uniform
Electronic Transactions Act as in effect in any relevant jurisdiction that constitutes Collateral, such Grantor shall promptly notify
the Collateral Agent thereof and, at the request of the Collateral Agent, shall take, to the extent legally permissible, such
action as the Collateral Agent may reasonably request to vest in the Collateral Agent control under UCC §9-105 of such Electronic Chattel Paper or control under Section 201 of the Federal Electronic
Signatures in Global and National Commerce Act or, as the case may be, §16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Collateral Agent agrees with such Grantor that the
Collateral Agent will arrange, pursuant to procedures satisfactory to the Collateral Agent and so long as such procedures will not result in the Collateral Agent’s loss of control, for the Grantor to make alterations to the Electronic Chattel
Paper or transferable record permitted under UCC §9-105 or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or §16 of the Uniform
Electronic Transactions Act for a party in control to allow without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor with respect to such Electronic
Chattel Paper or transferable record. 
 5.3 [Reserved]. 

5.4 Delivery of Tangible Chattel Paper. If such Grantor shall at any time hold or acquire any Tangible Chattel Paper with a value in
excess of $500,000 that constitutes Collateral, such Grantor shall promptly endorse, assign and deliver the same to the Collateral
Agent, accompanied by such 

 
instruments of transfer or assignment duly executed in blank as the Collateral Agent may from time to time reasonably request (which may take the form of Exhibit F hereto). 

5.5 Uncertificated Securities. If any securities now or hereafter acquired by any Grantor are uncertificated and are
issued to such Grantor or its nominee directly by the issuer thereof, such Grantor shall promptly notify the Collateral Agent thereof and, at the Collateral Agent’s reasonable request and option (with respect to a German Domiciled Grantor or a Dutch Domiciled Grantor, in a manner consistent with the
Agreed Security Principles), pursuant to an agreement in form and substance satisfactory to the Collateral Agent, either (i) cause the issuer to agree to comply with instructions from the
Collateral Agent as to such securities, without further consent of any Grantor or such nominee, or (ii) arrange for the Collateral Agent to become the registered owner of the
securities. Such Grantor further agrees to promptly delivery to the Agent such documents, agreements and other material as may be reasonably necessary or advisable from time to time
to provide the Collateral Agent with control over such uncertificated Collateral in the manner provided under section 24 of the STA (and, for purposes of section 27(1) of the STA, this Agreement shall constitute each Grantor’s irrevocable
consent to entry into an agreement of the kind referred to in clause 24(1)(b) of the STA); provided however, that such consent shall be automatically revoked upon termination of this Agreement as set forth in Section 9.24 of this Agreement.  

5.6         Pledged Collateral. 

(a)    Registration of Pledged Collateral. Such Grantor will permit any
registerable Pledged Collateral owned by it to be registered in the name of the Collateral Agent or its nominee at any time at the request of the Collateral Agent during the continuance of an Event of Default. Such Grantor will promptly give to the
Collateral Agent copies of any notices or other communications received by it with respect to Pledged Collateral registered in the name of such Grantor during the continuance of an Event of Default. The Collateral Agent shall at all times during the
continuance of an Event of Default have the right to exchange the certificates representing Pledged Collateral for certificates of smaller or larger denominations for any purpose consistent with this Agreement. 

(a)      Exercise of Rights in Pledged Collateral. 

(i)     Without in any way limiting the foregoing and subject to clause (ii) below, such
Grantor shall have the right to exercise all voting rights or other rights relating to the Pledged Collateral owned by it for all purposes not inconsistent with this Agreement, the Credit Agreement or any other Loan Document; provided,
however, that each Grantor agrees that it shall not exercise any such right for any purpose prohibited by the terms of, or if the result thereof could materially and adversely affect the rights inuring to a holder of the Pledged Collateral or
the rights and remedies of any of the Secured Parties under, this Agreement or the Credit Agreement or any other Loan Document or the ability of the Secured Parties to exercise the same. 

(ii)    Such Grantor will,
to the extent legally permissible, permit the Collateral Agent or its nominee at any time after the occurrence and during the continuation of an Event of Default, without notice, to exercise all
voting rights or other rights relating to the Pledged Collateral owned by it, including, without limitation, exchange, subscription or any other rights, privileges, or options pertaining to any Equity Interests or Investment Property constituting
such Pledged Collateral as if it were the absolute owner thereof. 
 (iii)
    Unless an Event of Default shall have occurred and be continuing, such Grantor shall be entitled to collect and receive for its own use all cash dividends and interest paid 

 
in respect of the Pledged Collateral owned by it to the extent not in violation of the Credit Agreement. If an Event of Default shall occur and be continuing and the Collateral Agent shall give
notice of its intent to exercise such rights to the relevant Grantor or Grantors, the Collateral Agent shall have the right to receive all such cash dividends, interest, payments and other Proceeds paid in respect of the Pledged Collateral. 

5.7    Intellectual Property. 

(a)        Such Grantor shall notify the Collateral Agent immediately if it knows or
has reason to know that any application or registration relating to any material Patent, Trademark or Copyright (now or hereafter existing) may become abandoned or dedicated, or of any adverse determination or development (including the institution
of, or any such determination or development in, any proceeding in the United States Patent and Trademark
any IP Filing Office, the United States
Copyright Officeany governmental office in such Grantor’s country of organization or any court, but excluding
routine matters during the course of any prosecution of applications before the United States Patent and Trademarkany IP Filing Office, the United States Copyright
Officeany successor office thereof or any similar authority or successor office thereof) regarding such
Grantor’s ownership of any material Patent, Trademark or Copyright, its right to register the same, or to keep and maintain the same. 

(b)        Whenever such Grantor, either by itself or through any agent, employee, licensee or
designee, shall (i) file an application for the registration of any Patent, Trademark or Copyright with the United States Patent and Trademark Office or the United States Copyright
Office or any successor office thereofthat constitutes Collateral with any IP Filing Office or any other governmental office
in such Grantor’s country of organization or (ii) acquire any United States issued Patents or Patent applications,
United States federally registered Trademarks (or Trademarks for which United States registration applications are pending) or United States registered (or applied for) CopyrightsIntellectual Property that constitutes Collateral, such Grantor shall report such filing or acquisition to the Collateral Agent within 45
days after the end of each of the first three fiscal quarters of each fiscal year of such Grantor and within 90 days after the end of each fiscal year of such Grantor. Promptly after the provision of such reports, such Grantor shall execute and
deliver to the Collateral Agent, and have recorded with the United States Patent and Trademark Office or the United States Copyright Office or any successor office
thereofapplicable IP Filing Office or the applicable governmental office in such Grantor’s country of organization, if different, one or more security agreements or short-form agreements, as applicable,
as described in Section 4.1 of this Agreement and any and all other agreements, instruments, documents, and papers as the Collateral Agent may reasonably request to evidence the Collateral Agent’s and the Secured Parties’ first priority
(or such other priority as required by the Intercreditor Agreement) security interest in any Copyright, Patent or Trademark and
the goodwill of such Grantor relating thereto or represented thereby, but only to the extent that the same constitute Collateral. 

(c)        Such Grantor shall take all actions necessary to maintain and pursue each
application, to obtain the relevant registration and to maintain the registration of each of its Patents, Trademarks and Copyrights (now or hereafter existing), including the filing of applications for renewal, affidavits of use, affidavits of
noncontestability and opposition and interference and cancellation proceedings, unless such Grantor (in its reasonable business judgment) or the Collateral Agent shall reasonably determine that such Patent, Trademark or Copyright is in no way
material to the conduct of such Grantor’s business. 
 (d)        Such Grantor
shall, unless it shall reasonably determine that such Patent, Trademark or Copyright is in no way material to the conduct of its business or operations, promptly sue for infringement, misappropriation or dilution and to recover any and all damages
for such infringement, 

 
misappropriation or dilution and shall take such other actions as the Collateral Agent shall reasonably deem appropriate under the circumstances to protect such Patent, Trademark or Copyright. In
the event that such Grantor institutes suit because any of its Patents, Trademarks or Copyrights constituting Collateral is infringed upon, or misappropriated or diluted by a third party, such Grantor shall comply with Section 5.8. 

(e)        Notwithstanding the foregoing provisions of this Section 5.7 or elsewhere in this
Agreement, nothing in this Agreement shall prevent any Grantor from abandoning or discontinuing the use or maintenance of any Intellectual Property that is immaterial to the conduct of its business, or from failing to take action to enforce license
agreements or pursue actions against infringers or take any other actions with respect to such Intellectual Property, if such Grantor determines in its reasonable business judgment that such abandonment, discontinuance, or failure to take action is
desirable in the conduct of its business. 
 5.8        Commercial Tort Claims. If such
Grantor shall at any time hold or acquire a Commercial Tort Claim having a value in excess of $500,000, the Grantor shall promptly notify the Collateral Agent thereof in a writing signed by such Grantor, including a summary description of such
claim, and enter into an amendment to this Agreement, in the form of Exhibit F hereto, granting to the Collateral Agent a first priority (or such other priority required by any of the Intercreditor Agreements) security interest therein and in the
proceeds thereof. 

5.9        
Letter-of-Credit Rights. If such Grantor is at any time a beneficiary under a letter of credit now or hereafter issued in favor of such Grantor with a value in
excess of $500,000, such Grantor shall promptly notify the Collateral Agent thereof and, at the request and option of the Collateral Agent, such Grantor shall, pursuant to an agreement in form and substance reasonably satisfactory to the Collateral
Agent, either (i) arrange for the issuer and any confirmer of such letter of credit to consent to an assignment to the Collateral Agent of the proceeds of any drawing under the letter of credit or (ii) arrange for the Collateral Agent to
become the transferee beneficiary of the letter of credit, with the Collateral Agent agreeing, in each case, that the proceeds of any drawing under the letter of credit are to be paid to the applicable Grantor unless an Event of Default has occurred
or is continuing. 
 5.10     [Reserved]. 

5.11     [Reserved]. 

5.12        No Interference. Such Grantor agrees that it will not interfere with any right,
power and remedy of the Collateral Agent provided for in this Agreement or now or hereafter existing at law or in equity or by statute or otherwise, or the exercise or beginning of the exercise by the Collateral Agent of any one or more of such
rights, powers or remedies. 
 5.13        Insurance. Such Grantor, at its own expense, shall
maintain or cause to be maintained insurance covering physical loss or damage to the Inventory and Equipment in accordance with Section 5.07 of the Credit Agreement. Each Grantor irrevocably makes, constitutes and appoints the Collateral Agent
(and all officers, employees or agents designated by the Collateral Agent) as such Grantor’s true and lawful agent (and attorney-in-fact) for the purpose, during
the continuance of an Event of Default, of making, settling and adjusting claims in respect of Collateral under policies of insurance, endorsing the name of such Grantor on any check, draft, instrument or other item of payment for the proceeds of
such policies of insurance and for making all determinations and decisions with respect thereto, in each case, upon prior notice from the Collateral Agent to the Grantors of its intention to exercise such rights. In the event that any Grantor at any
time or times shall fail to obtain or maintain any of the policies of insurance required hereby or to pay any premium in whole or part relating thereto, 

 
the Collateral Agent may, without waiving or releasing any obligation or liability of the Grantors hereunder or any Event of Default, in its sole discretion, obtain and maintain such policies of
insurance and pay such premium and take any other actions with respect thereto as the Collateral Agent deems advisable. All sums disbursed by the Collateral Agent in connection with this Section 5.13, including reasonable attorneys’ fees,
court costs, expenses and other charges relating thereto, shall be payable, upon demand, by the Grantors to the Collateral Agent and shall be additional Obligations secured hereby. 

5.14      Change of Name; Location of Collateral; Place of Business. Such Grantor agrees
promptly to notify the Collateral Agent in writing of any change (i) in its corporate name, (ii) in the location of its chief executive office, or (iii) in itssuch Grantor’s type of organization, identity or
structure or (iv) in such Grantor’s jurisdiction of
organization or incorporation. Such Grantor agrees not to effect or permit any change referred to in the preceding sentence
unless written notice has been delivered to the Collateral Agent and all filings have been made under the Uniform Commercial CodeUCC, PPSA or otherwise that are required in order for the Collateral Agent to continue at all times following such change to have a valid,
legal and perfected first priority (or such other priority required by the Intercreditor Agreements) Lien upon all the Collateral. Such Grantor agrees promptly to notify the Collateral Agent if any material portion of the Collateral owned or held by
such Grantor is damaged or destroyed. 
 5.15         Credit
Agreement Covenants. SuchExcept to the extent prohibited by an Applicable Law, such Grantor shall take, or shall refrain
from taking, as the case may be, each action that is necessary to be taken or not taken, as the case may be, so that no Default or Event of Default is caused by the failure to take such action or to refrain from taking such action by such Grantor or
any of its Subsidiaries. 
 5.16      Delivery of the Pledged Equity. 

(a)        Each Grantor agrees promptly to deliver or cause to be delivered to the
Collateral Agent, for the benefit of the Secured Parties, any and all Pledged Securities if and to the extent such Pledged Securities are certificated; provided that the Grantors shall only be required to deliver Pledged Securities evidencing Indebtedness to the extent the principal amount thereof exceeds $500,000. 

(b)        Each Grantor will cause any Indebtedness for borrowed money having an
aggregate principal amount in excess of $500,000 owed to such Grantor by any Person to be evidenced by a duly executed promissory note that is, if legally capable of being
pledged, pledged and delivered to the Collateral Agent (or its agent or designee), for the benefit of the Secured Parties, pursuant to the terms hereof. 
 (c)
        Upon delivery to the Collateral Agent (or its agent or designee), any Pledged
Securities shall be accompanied by stock or security powers duly executed in blank or other instruments of transfer reasonably satisfactory to the Collateral Agent and by such other instruments and documents as the Collateral Agent may reasonably
request (subject to the Collateral and Guarantee Requirement). Each delivery of Pledged Securities shall be accompanied by a schedule describing the securities, which schedule shall be deemed to supplement Exhibit D and made a part thereof;
provided that failure to supplement Exhibit D shall not affect the validity of such pledge of such Pledged Securities. Each schedule so delivered shall supplement any prior schedules so delivered. 

(d)         Notwithstanding anything to the contrary in this Section 5.16, if
the actions described in this Section 5.16 have been taken in favor of the
SeniorJunior Agent or the ABL Agent and, pursuant to the Term Intercreditor Agreement or the ABL/Term Intercreditor Agreement, as applicable, 

 
the
SeniorJunior Agent or the ABL Agent, as applicable, acts as agent and gratuitous bailee for the Collateral Agent for the purpose of perfecting the Collateral Agent’s Liens hereunder, the requirement to take any sduchsuch action
 shall be deemed to be satisfied. 
 ARTICLE VI 

EVENTS OF DEFAULT AND REMEDIES 

6.1        Remedies. (a) Subject to the terms of the Term Intercreditor AgreementAgreements, upon the occurrence and during the occurrence and continuance of an Event of
Default, the Collateral Agent may exercise any or all of the following rights and remedies: 

(i)         those rights and remedies provided in this Agreement, the
Credit Agreement, or any other Loan Document; provided that this Section 6.1(a) shall not be understood to limit any rights or remedies available to the Collateral Agent and the Secured Parties prior to an Event of Default; 

(ii)         those rights and remedies available to a secured party
under the UCC (whether or not the UCC applies to the affected Collateral), the PPSA (whether or not the PPSA applies to the affected Collateral) or under any other applicable
lawApplicable Law (including, without limitation, any law governing the exercise of a bank’s right of setoff or bankers’ lien) when a debtor is
in default under a security agreement; 
 (iii)        
without notice (except as specifically provided in Section 9.1 or elsewhere herein), demand or advertisement of any kind to any Grantor or any other Person, enter the premises of any Grantor where any Collateral is located (through self-help
and without judicial process) to collect, receive, assemble, process, appropriate, sell, lease, assign, grant an option or options to purchase or otherwise dispose of, deliver, or realize upon, the Collateral or any part thereof in one or more
parcels at public or private sale or sales (which sales may be adjourned or continued from time to time with or without notice and may take place at any Grantor’s premises or elsewhere), for cash, on credit or for future delivery without
assumption of any credit risk, and upon such other terms as the Collateral Agent may deem commercially reasonable; and 

(iv)         concurrently with written notice to the applicable
Grantor, transfer and register in its name or in the name of its nominee the whole or any part of the Pledged Collateral, exchange certificates or instruments representing or evidencing Pledged Collateral for certificates or instruments of smaller
or larger denominations, exercise the voting and all other rights as a holder with respect thereto, collect and receive all cash dividends, interest, principal and other distributions made thereon and otherwise act with respect to the Pledged
Collateral as though the Collateral Agent was the outright owner thereof. 

(b)         The Collateral Agent, on behalf of the Secured Parties, may comply with
any applicable state, provincial or federal law or other Applicable
Law requirements in connection with a disposition of the Collateral and compliance will not be considered to adversely affect the commercial reasonableness of any sale of the Collateral.

 (c)         The Collateral Agent shall have the right upon any such
public sale or sales and, to the extent permitted by law, upon any such private sale or sales, to purchase (including by credit bidding) for the benefit of the Collateral Agent and the Secured Parties, the whole or any part of the 

 
Collateral so sold, free of any right of equity redemption, which equity redemption theeach Grantor hereby expressly releases. 

(d)        Until the Collateral Agent is able to effect a sale, lease, or other
disposition of Collateral, the Collateral Agent shall have the right to hold or use Collateral, or any part thereof, to the extent that it deems appropriate for the purpose of preserving Collateral or its value or for any other purpose deemed
appropriate by the Collateral Agent. The Collateral Agent may, if it so elects, seek the appointment of a receiver, trustee or keeper
to take possession of Collateral and to enforce any of the Collateral Agent’s remedies (for the benefit of the Collateral Agent and Secured Parties), with respect to such appointment without prior notice or hearing as to such appointment.

 (e)        [Reserved]. 

(f)        Notwithstanding the foregoing, neither the Collateral Agent nor any other
Secured Party shall be required to (i) make any demand upon, or pursue or exhaust any of its rights or remedies against, any Grantor, any other obligor, guarantor, pledgor or any other Person with respect to the payment of the Obligations or to
pursue or exhaust any of its rights or remedies with respect to any Collateral therefor or any direct or indirect guarantee thereof, (ii) marshal the Collateral or any guarantee of the Obligations or to resort to the Collateral or any such
guarantee in any particular order, or (iii) effect a public sale of any Collateral. 

(g)        Each Grantor recognizes that the Collateral Agent may be unable to effect
a public sale of any or all the Pledged Collateral and may be compelled to resort to one or more private sales thereof in accordance with clause (a) above. Each Grantor also acknowledges that any private sale may result in prices and other
terms less favorable to the seller than if such sale were a public sale and, notwithstanding such circumstances, agrees that any such private sale shall not be deemed to have been made in a commercially unreasonable manner solely by virtue of such
sale being private. The Collateral Agent shall be under no obligation to delay a sale of any of the Pledged Collateral for the period of time necessary to permit any Grantor or the issuer of the Pledged Collateral to register such securities for
public sale under the Securities Act of 1933, as amended, or under applicable state or provincial securities laws, or under other Applicable Law, even if the applicable Grantor and the issuer would agree to do so. 

6.2        Grantor’s Obligations Upon Default. Upon the request of the
Collateral Agent after the occurrence and during the occurrence and continuance of an Event of Default, each Grantor will: 

(a)        assemble and make available to the Collateral Agent the Collateral and all
books and records relating thereto at any place or places reasonably specified by the Collateral Agent, whether at a Grantor’s premises or elsewhere; 

(b)        permit the Collateral Agent, by the Collateral Agent’s
representatives and agents, to enter, occupy and use any premises where all or any part of the Collateral, or the books and records relating thereto, or both, are located, to take possession of all or any part of the Collateral or the books and
records relating thereto, or both, to remove all or any part of the Collateral or the books and records relating thereto, or both, and to conduct sales of the Collateral, without any obligation to pay the Grantor for such use and occupancy; 

(c)        prepare and file, or cause an issuer of Pledged Collateral to prepare and
file, with the Securities and Exchange Commission or any other applicable government agency, registration statements, a prospectus and such other documentation in connection with the Pledged Collateral as the Collateral Agent may request, all in
form and substance satisfactory to the Collateral Agent, and furnish 

 
to the Collateral Agent, or cause an issuer of Pledged Collateral to furnish to the Collateral Agent, any information regarding the Pledged Collateral in such detail as the Collateral Agent may
specify; 
 (d)        take, or cause an issuer of Pledged Collateral to take, any and all actions
necessary to register or qualify the Pledged Collateral to enable the Collateral Agent to consummate a public sale or other disposition of the Pledged Collateral; and 

(e)        at its own expense, cause the independent certified public accountants then engaged by each
Grantor to prepare and deliver to the Collateral Agent, at any time, and from time to time, promptly upon the Collateral Agent’s request, the following reports with respect to the applicable Grantor: (i) a reconciliation of all Accounts;
(ii) an aging of all Accounts; (iii) trial balances; and (iv) a test verification of such Accounts. 

6.3        Grant of Intellectual Property License. For the exclusive purpose of enabling the
Collateral Agent to exercise rights and remedies under this Agreement at such time as the Collateral Agent shall be lawfully entitled to exercise such rights and remedies at any time upon the occurrence and during the continuance of an Event of
Default, each Grantor hereby (a) grants to the Collateral Agent a non-exclusive, irrevocable (until the termination of this Agreement) license (exercisable without payment of royalty or other compensation
to any Grantor) to use, license or sublicense any rights in, to or under any or all Intellectual Property now owned or hereafter acquired by such Grantor, wherever such Intellectual Property may be located, and including in such license access to
all media in which any of the licensed items may be recorded or stored and to all computer software and programs used for the compilation or printout thereof and (b) irrevocably agrees that the Collateral Agent may, upon the occurrence and
during the continuation of an Event of Default, sell any of such Grantor’s Inventory directly to any Person, including, without limitation, Persons who have previously purchased such Grantor’s Inventory from any Grantor and in connection
with any such sale or other enforcement of the Collateral Agent’s rights under this Agreement, may sell Inventory which bears any Trademark owned by or licensed to any Grantor and any Inventory that is covered by any Copyright owned by or
licensed to any Grantor and the Collateral Agent may finish any work in process and affix any Trademark owned by or licensed to any Grantor and sell such Inventory as provided herein (it being understood that the Trademarks and Copyrights licensed
to any such Grantor shall be subject to, and as permitted by, the terms of licenses governing such licensed Trademarks and Copyrights); provided, however, that nothing in this Section 6.3 shall require any Grantor to grant any license that is
prohibited by any rule of law, statute or regulation, or is prohibited by, or constitutes a breach or default under or results in the termination of any contract, license, agreement, instrument or other document. With respect to Trademarks included
in the foregoing license, such license shall be subject to the requirement that the quality of goods and services offered under the Trademarks by the Collateral Agent be substantially consistent with the quality of the goods and services offered
thereunder by such Grantor prior to the Collateral Agent’s exercise of such license. Any license, sublicense or other transaction entered into by the Collateral Agent in accordance herewith shall be binding upon the applicable Grantor
notwithstanding any subsequent cure of an Event of Default. Upon the occurrence and during the continuance of an Event of Default, upon the Collateral Agent’s request, such Grantor will use its commercially reasonable efforts to secure all
consents and approvals necessary or appropriate for the assignment to the Collateral Agent of any material License held by such Grantor and to enforce the security interests granted hereunder. 

6.4        Application of Proceeds. The Collateral Agent shall apply the proceeds of any
collection or sale of the Collateral, as well as any Collateral consisting of cash, as follows: 
 FIRST, to the payment of
all reasonable costs and expenses incurred by the Collateral Agent (in its capacity as the Collateral Agent or Administrative Agent hereunder or under any 

 
other Loan Document) in connection with such collection or sale or otherwise in connection with this Agreement or any of the Obligations, including all court costs and the reasonable fees and
expenses of its agents and legal counsel, the repayment of all advances made by the Collateral Agent (or the Administrative Agent) hereunder or under any other Loan Document on behalf of any Grantor and any other reasonable costs or expenses
incurred by the Collateral Agent (or the Administrative Agent) in connection with the exercise of any right or remedy hereunder or under any other Loan Document; 

SECOND, to the payment in full of the Obligations (the amounts so applied to be distributed among the Secured Parties pro rata
in accordance with the amounts of the Obligations owed to them on the date of any such distribution); and 
 THIRD, to the
Grantors, their successors or assigns, or as a court of competent jurisdiction may otherwise direct. 
 The Collateral Agent shall have absolute discretion
as to the time of application of any such proceeds, moneys or balances in accordance with this Agreement. Upon any sale of the Collateral by the Collateral Agent (including pursuant to a power of sale granted by statute or under a judicial
proceeding), the receipt of the Collateral Agent or of the officer making the sale shall be a sufficient discharge to the purchaser or purchasers of the Collateral so sold and such purchaser or purchasers shall not be obligated to see to the
application of any part of the purchase money paid over to the Collateral Agent or such officer or be answerable in any way for the misapplication thereof. 

6.6        Proceeds to be Turned Over or Received by the Collateral Agent. In addition to the
rights of the Collateral Agent and the Secured Parties specified in Section 7.2 with respect to payments of Accounts, if an Event of Default shall occur and be continuing, upon the request of the Collateral Agent, all Proceeds received by any
Grantor consisting of cash, checks and other near-cash items shall be held by such Grantor in trust for the Collateral Agent and the Secured Parties, segregated from other funds of such Grantor, and shall, forthwith upon receipt by such Grantor, be
turned over to the Collateral Agent in the exact form received by such Grantor (duly indorsed by such Grantor to the Collateral Agent, if required). All Proceeds received by the Collateral Agent hereunder shall be held by the Collateral Agent in a
collateral account established by the Collateral Agent maintained under its sole dominion and control. All such Proceeds while held by the Collateral Agent in such a collateral account (or by such Grantor in trust for the Collateral Agent and the
Secured Parties) shall continue to be held as collateral security for all the Obligations and shall not constitute payment thereof until applied as provided in the Intercreditor Agreements. 

ARTICLE VII 
 ACCOUNT
VERIFICATION; ATTORNEY IN FACT; PROXY 
 7.1        Account Verification. The Collateral
Agent may at any time after the occurrence and during the occurrence and continuance of an Event of Default, in the Collateral Agent’s own name, in the name of a nominee of the Collateral Agent, or in the name of any Grantor communicate (by
mail, telephone, facsimile or otherwise) with the Account Debtors of any such Grantor, parties to contracts with any such Grantor and obligors in respect of Instruments of any such Grantor to verify with such Persons, to the Collateral Agent’s
satisfaction, the existence, amount, terms of, and any other matter relating to, Accounts, Instruments, Chattel Paper, payment intangibles and/or other Receivables. 

7.2        Authorization for Collateral Agent to Take Certain Action. (a) Each Grantor
irrevocably authorizes the Collateral Agent at any time and from time to time in the sole discretion of the 

 
Collateral Agent and appoints the Collateral Agent as its attorney in fact (i) to execute on behalf of such Grantor as debtor and to file financing statements necessary or desirable in the
Collateral Agent’s sole discretion to perfect and to maintain the perfection and priority of the Collateral Agent’s security interest in the Collateral, (ii) to endorse and collect any cash proceeds of the Collateral, (iii) to
file a carbon, photographic or other reproduction of this Agreement or any financing statement with respect to the Collateral as a financing statement and to file any other financing statement or amendment of a financing statement in such offices as
the Collateral Agent in its sole discretion deems necessary or desirable to perfect and to maintain the perfection and priority of the Collateral Agent’s security interest in the Collateral, (iv) to contact and enter into one or more
agreements with the issuers of uncertificated securities which are Pledged Collateral or with securities intermediaries holding Pledged Collateral as may be necessary or advisable to give the Collateral Agent Control over such Pledged Collateral,
(v) to apply the proceeds of any Collateral received by the Collateral Agent to the Obligations as provided in the Credit Agreement, (vi) to discharge past due taxes, assessments, charges, fees or Liens on the Collateral (except for such
Liens that are permitted by the Credit Agreement), (vii) to contact Account Debtors for any reason, (viii) to demand payment or enforce payment of the Receivables in the name of the Collateral Agent or such Grantor and to endorse any and all
checks, drafts, and other instruments for the payment of money relating to the Receivables, (ix) to sign such Grantor’s name on any invoice or bill of lading relating to the Receivables, drafts against any Account Debtor of the Grantor,
assignments and verifications of Receivables, (x) to exercise all of such Grantor’s rights and remedies with respect to the collection of the Receivables and any other Collateral, (xi) to settle, adjust, compromise, extend or renew
the Receivables, (xii) to settle, adjust or compromise any legal proceedings brought to collect Receivables, (xiii) to prepare, file and sign such Grantor’s name on a proof of claim in bankruptcy or similar document against any
Account Debtor of such Grantor, (xiv) to prepare, file and sign such Grantor’s name on any notice of Lien, assignment or satisfaction of Lien or similar document in connection with the Collateral, (xv) to change the address for
delivery of mail addressed to such Grantor to such address as the Collateral Agent may designate and to receive, open and dispose of all mail addressed to such Grantor, and (xvi) to do all other acts and things necessary to carry out this
Agreement; and such Grantor agrees to reimburse the Collateral Agent on demand for any payment made or any expense incurred by the Collateral Agent in connection with any of the foregoing; provided that (a) this authorization shall not
relieve such Grantor of any of its obligations under this Agreement or under the Credit Agreement and (b) the Collateral Agent shall exercise the foregoing rights in accordance with the Intercreditor Agreements, if effective and only after the
occurrence and during the continuation of an Event of Default. All acts of said attorney or designee are hereby ratified and approved. The powers conferred on the Collateral Agent, for the benefit of the Collateral Agent and Lenders, under this
Section 7.2 are solely to protect the Collateral Agent’s interests in the Collateral and shall not be construed as requiring or obligating the Collateral Agent to make any commitment or to make any inquiry as to the nature or sufficiency
of any payment received by the Collateral Agent, or to present or file any claim or notice, or to take any action with respect to the Collateral or any part thereof or the moneys due or to become due in respect thereof or any property covered
thereby. The Collateral Agent and the other Secured Parties shall be accountable only for amounts actually received as a result of the exercise of the powers granted to them herein, and neither they nor their officers, directors, employees or agents
shall be responsible to any Grantor for any act or failure to act hereunder, except for their own gross negligence or willful misconduct. 

7.3        Proxy.    EACH GRANTOR HEREBY IRREVOCABLY CONSTITUTES AND
APPOINTS THE COLLATERAL AGENT AS ITS PROXY AND ATTORNEY-IN-FACT (AS SET FORTH IN SECTION 7.2 ABOVE) WITH RESPECT TO ITS PLEDGED COLLATERAL, INCLUDING THE RIGHT TO VOTE
ANY OF THE PLEDGED COLLATERAL OR TO EXERCISE SUCH GRANTOR’S VOTING RIGHTS IN RESPECT OF THE PLEDGED COLLATERAL, WITH FULL POWER OF SUBSTITUTION TO DO SO AFTER THE OCCURRENCE AND DURING THE CONTINUATION OF AN EVENT OF DEFAULT. IN ADDITION TO THE RIGHT TO VOTE ANY

 
OF THE PLEDGED COLLATERAL, THE APPOINTMENT OF THE COLLATERAL AGENT AS PROXY AND ATTORNEY-IN-FACT SHALL INCLUDE THE
RIGHT TO EXERCISE ALL OTHER RIGHTS, POWERS, PRIVILEGES AND REMEDIES TO WHICH A HOLDER OF ANY OF THE PLEDGED COLLATERAL WOULD BE ENTITLED (INCLUDING GIVING OR WITHHOLDING WRITTEN CONSENTS OF SHAREHOLDERS, CALLING SPECIAL MEETINGS OF SHAREHOLDERS AND
VOTING AT SUCH MEETINGS). SUCH PROXY SHALL BE EFFECTIVE, AUTOMATICALLY AND WITHOUT THE NECESSITY OF ANY ACTION (INCLUDING ANY TRANSFER OF ANY OF THE PLEDGED COLLATERAL ON THE RECORD BOOKS OF THE ISSUER THEREOF) BY ANY PERSON (INCLUDING THE ISSUER OF
THE PLEDGED COLLATERAL OR ANY OFFICER OR AGENT THEREOF), UPON THE OCCURRENCE AND DURING THE OCCURRENCE AND CONTINUANCE OF AN EVENT OF DEFAULT. 

7.4        Nature of Appointment; Limitation of Duty. THE APPOINTMENT OF THE
COLLATERAL AGENT AS PROXY AND ATTORNEY-IN-FACT IN THIS ARTICLE VII IS COUPLED WITH AN INTEREST AND SHALL BE IRREVOCABLE UNTIL THE DATE ON WHICH THIS AGREEMENT IS
TERMINATED IN ACCORDANCE WITH SECTION 9.23. NOTWITHSTANDING ANYTHING CONTAINED HEREIN, NEITHER THE COLLATERAL AGENT, NOR ANY SECURED PARTY, NOR ANY OF THEIR RESPECTIVE AFFILIATES, NOR ANY OF THEIR OR THEIR AFFILIATES’ RESPECTIVE OFFICERS,
DIRECTORS, EMPLOYEES, AGENTS OR REPRESENTATIVES SHALL HAVE ANY DUTY TO EXERCISE ANY RIGHT OR POWER GRANTED HEREUNDER OR OTHERWISE OR TO PRESERVE THE SAME AND SHALL NOT BE LIABLE FOR ANY FAILURE TO DO SO OR FOR ANY DELAY IN DOING SO, EXCEPT IN
RESPECT OF DAMAGES ATTRIBUTABLE SOLELY TO ITS OWN GROSS NEGLIGENCE OR WILLFUL MISCONDUCT AS FINALLY DETERMINED BY A COURT OF COMPETENT JURISDICTION; PROVIDED THAT, IN NO EVENT SHALL THEY BE LIABLE FOR ANY PUNITIVE, EXEMPLARY, INDIRECT OR
CONSEQUENTIAL DAMAGES. 
 ARTICLE VIII 

[Reserved]. 
 ARTICLE IX

 GENERAL PROVISIONS 

9.1        Waivers. Each Grantor hereby waives notice of the time and place of
any public sale or the time after which any private sale or other disposition of all or any part of the Collateral may be made. To the extent such notice may not be waived under
applicable lawApplicable Law, any notice made shall be deemed reasonable if sent to the Grantors, addressed as set forth in Article X, at least ten days prior to (i) the date of any such public sale or (ii) the time after which any such
private sale or other disposition may be made. To the maximum extent permitted by applicable
lawApplicable Law, each Grantor waives all claims, damages, and
demands against the Collateral Agent or any Secured Party arising out of the repossession, retention or sale of the Collateral, except such as arise solely out of the gross negligence or willful misconduct of the Collateral Agent or such Secured
Party as finally determined by a court of competent jurisdiction. To the extent it may lawfully do so, each Grantor absolutely and irrevocably waives and relinquishes the benefit and advantage of, and covenants not to assert against the Collateral
Agent or any Secured Party, any valuation, stay, appraisal, extension, moratorium, redemption or similar laws and any and all rights or defenses it may have as a surety now or hereafter existing which, but for this provision, might be applicable to
the sale of any Collateral made under the judgment, order or decree of any court, or privately under the power of sale conferred by this Agreement, or otherwise. Except as otherwise specifically provided herein, each Grantor hereby waives

 
presentment, demand, protest or any notice (to the maximum extent permitted by applicable lawApplicable Law) of any kind in connection with this Agreement or any
Collateral. 
 9.2        Limitation on Collateral Agent’s and
Secured Parties’ Duty with Respect to the Collateral. The Collateral Agent shall have no obligation to clean-up or otherwise prepare the Collateral for sale. The Collateral Agent and each Secured
Party shall use reasonable care with respect to the Collateral in its possession or under its control. Neither the Collateral Agent nor any Secured Party shall have any other duty as to any Collateral in its possession or control or in the
possession or control of any agent or nominee of the Collateral Agent or such Secured Party, or any income thereon or as to the preservation of rights against prior parties or any other rights pertaining thereto. To the extent that applicable lawApplicable Law imposes duties on the Collateral Agent to exercise remedies in a commercially reasonable manner, each Grantor acknowledges and agrees that it is commercially reasonable for the Collateral Agent (i) to fail
to incur expenses deemed significant by the Collateral Agent to prepare Collateral for disposition or otherwise to transform raw material or work in process into finished goods or other finished products for disposition, (ii) to fail to obtain third
party consents for access to Collateral to be disposed of, or to obtain or, if not required by other law, to fail to obtain governmental or third party consents for the collection or disposition of Collateral to be collected or disposed of,
(iii) to fail to exercise collection remedies against Account Debtors or other Persons obligated on Collateral or to remove Liens on or any adverse claims against Collateral, (iv) to exercise collection remedies against Account Debtors and
other Persons obligated on Collateral directly or through the use of collection agencies and other collection specialists, (v) to advertise dispositions of Collateral through publications or media of general circulation, whether or not the
Collateral is of a specialized nature, (vi) to contact other Persons, whether or not in the same business as such Grantor, for expressions of interest in acquiring all or any portion of the Collateral, (vii) to hire one or more
professional auctioneers to assist in the disposition of Collateral, whether or not the Collateral is of a specialized nature, (viii) to dispose of Collateral by utilizing internet sites that provide for the auction of assets of the types
included in the Collateral or that have the reasonable capacity of doing so, or that match buyers and sellers of assets, (ix) to dispose of assets in wholesale rather than retail markets, (x) to disclaim disposition warranties, such as
title, possession or quiet enjoyment, (xi) to purchase insurance or credit enhancements to insure the Collateral Agent against risks of loss, collection or disposition of Collateral or to provide to the Collateral Agent a guaranteed return from
the collection or disposition of Collateral, or (xii) to the extent deemed appropriate by the Collateral Agent, to obtain the services of other brokers, investment bankers, consultants and other professionals to assist the Collateral Agent in the
collection or disposition of any of the Collateral. Each Grantor acknowledges that the purpose of this Section 9.2 is to provide non-exhaustive indications of what actions or omissions by the Collateral
Agent would be commercially reasonable in the Collateral Agent’s exercise of remedies against the Collateral and that other actions or omissions by the Collateral Agent shall not be deemed commercially unreasonable solely on account of not
being indicated in this Section 9.2. Without limitation upon the foregoing, nothing contained in this Section 9.2 shall be construed to grant any rights to any Grantor or to impose any duties on the Collateral Agent that would not have
been granted or imposed by this Agreement or by applicable lawApplicable Law in the absence of
this Section 9.2. 
 9.3        Compromises and Collection of
Collateral. The Grantors and the Collateral Agent recognize that setoffs, counterclaims, defenses and other claims may be asserted by obligors with respect to certain of the Receivables, that certain of the Receivables may be or become
uncollectible in whole or in part and that the expense and probability of success in litigating a disputed Receivable may exceed the amount that reasonably may be expected to be recovered with respect to a Receivable. In view of the foregoing, each
Grantor agrees that the Collateral Agent may at any time and from time to time, if an Event of Default has occurred and is continuing, compromise with the obligor on any Receivable, accept in full payment of any Receivable such amount as the
Collateral Agent in its sole discretion shall determine or abandon any Receivable, and any such action by the Collateral Agent shall be commercially 

 
reasonable so long as the Collateral Agent acts in good faith based on information known to it at the time it takes any such action. 

9.4        Secured Party Performance of Debtor Obligations. Without having any
obligation to do so, the Collateral Agent may perform or pay any obligation which any Grantor has agreed to perform or pay in this Agreement and the Grantors shall reimburse the Collateral Agent for any amounts paid by the Collateral Agent pursuant
to this Section 9.4. The Grantors’ obligation to reimburse the Collateral Agent pursuant to the preceding sentence shall be an Obligation payable on demand. 

9.5        Specific Performance of Certain Covenants. Each Grantor acknowledges
and agrees that a breach of any of the covenants contained in Sections 5.1(d), 5.1(e), 5.4, 5.5, 5.6, 5.7, 5.8, 5.10, 5.11, 5.13, 5.14, 5.16, 6.2, or 9.7 or in Article VIII will cause irreparable injury to the Collateral Agent and the Secured
Parties, that the Collateral Agent and the Secured Parties have no adequate remedy at law in respect of such breaches and therefore agrees, without limiting the right of the Collateral Agent or the Secured Parties to seek and obtain specific
performance of other obligations of the Grantors contained in this Agreement, that the covenants of the Grantors contained in the Sections referred to in this Section 9.5 shall be specifically enforceable against the Grantors. 

9.6        Dispositions Not Authorized. No Grantor is authorized to sell or
otherwise dispose of the Collateral except as set forth in Section 5.1(d) and notwithstanding any course of dealing between any Grantor and the Collateral Agent or other conduct of the Collateral Agent, no authorization to sell, transfer or
otherwise dispose of the Collateral (except as set forth in Section 5.1(d)) shall be binding upon the Collateral Agent or the Secured Parties unless such authorization is in writing signed by the Collateral Agent with the consent or at the
direction of the Required Lenders. 
 9.7        No Waiver; Amendments;
Cumulative Remedies. No delay or omission of the Collateral Agent or any Secured Party to exercise any right or remedy granted under this Agreement shall impair such right or remedy or be construed to be a waiver of any Default or an
acquiescence therein, and any single or partial exercise of any such right or remedy shall not preclude any other or further exercise thereof or the exercise of any other right or remedy. No waiver, amendment or other variation of the terms,
conditions or provisions of this Agreement whatsoever shall be valid unless in writing signed by the Collateral Agent with the concurrence or at the direction of the Lenders required under Section 10.02 of the Credit Agreement and then only to
the extent in such writing specifically set forth. All rights and remedies contained in this Agreement or by law afforded shall be cumulative and all shall be available to the Collateral Agent and the Secured Parties until the Obligations have been
paid in full. 
 9.8        Limitation by Law; Severability of Provisions.
All rights, remedies and powers provided in this Agreement may be exercised only to the extent that the exercise thereof does not violate any applicable provision of law or the Intercreditor Agreements (if effective), and all the provisions of this
Agreement are intended to be subject to all applicable mandatory provisions of law and the Intercreditor Agreements (if effective) that may be controlling and to be limited to the extent necessary so that they shall not render this Agreement
invalid, unenforceable or not entitled to be recorded or registered, in whole or in part. Any provision in any this Agreement that is held to be inoperative, unenforceable, or invalid in any jurisdiction shall, as to that jurisdiction, be
inoperative, unenforceable, or invalid without affecting the remaining provisions in that jurisdiction or the operation, enforceability, or validity of that provision in any other jurisdiction, and to this end the provisions of this Agreement are
declared to be severable. 
 9.9        Reinstatement. This Agreement shall
remain in full force and effect and continue to be effective should any petition be filed by or against any Grantor for insolvency, administration, liquidation or reorganization, should any Grantor become insolvent or make an assignment for the 

 
benefit of any creditor or creditors or should a receiver, administrator or
trustee be appointed for all or any significant part of any Grantor’s assets, and shall continue to be effective or be reinstated, as the case may be, if at any time payment and performance of the Obligations, or any part thereof, is, pursuant
to applicable lawApplicable Law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Obligations, whether as a “voidable preference,” “fraudulent conveyance,” or otherwise, all as
though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations shall be reinstated and deemed reduced only by such amount paid and not so
rescinded, reduced, restored or returned. 
 9.10        Benefit of Agreement. The
terms and provisions of this Agreement shall be binding upon and inure to the benefit of the Grantors, the Collateral Agent and the Secured Parties and their respective successors and assigns (including all persons who become bound as a debtor to
this Agreement), except that no Grantor shall have the right to assign its rights or delegate its obligations under this Agreement or any interest herein, without the prior written consent of the Collateral Agent. No sales of participations,
assignments, transfers, or other dispositions of any agreement governing the Obligations or any portion thereof or interest therein shall in any manner impair the Lien granted to the Collateral Agent, for the benefit of the Collateral Agent and the
Secured Parties, hereunder or under any of the other Security Documents. 

9.11        Survival of Representations. All representations and warranties of
the Grantors contained in this Agreement shall survive the execution and delivery of this Agreement. 

9.12        [Reserved]. 

9.13        Headings. All headings used herein are for the purpose of reference
only, are not part of this Agreement and are not to affect the construction of, or be taken into consideration in interpreting, this Agreement. 

9.14        Security Interest Absolute. All rights of the Collateral Agent
hereunder, the security interest granted hereunder and all obligations of the Grantors hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document,
any agreement with respect to any of the Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or
any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument, (c) any exchange, release or non-perfection of any
Lien on other collateral, or any release or amendment or waiver of or consent under or departure from any guarantee, securing or guaranteeing all or any of the Obligations, or (d) any other circumstance that might otherwise constitute a defense
available to, or a discharge of, any Grantor in respect of the Obligations or this Agreement. 

9.15        Entire Agreement. This Agreement and the other Security Documents
embody the entire agreement and understanding between the Grantors and the Collateral Agent relating to the Collateral and supersede all prior agreements and understandings between the Grantors and the Collateral Agent relating to the Collateral.

 9.16             GOVERNING LAW; JURISDICTION; CONSENT TO SERVICE
OF PROCESS.  
 (a)        UNLESS EXPRESSLY PROVIDED IN ANY LOAN DOCUMENT, THIS AGREEMENT, THE OTHER
LOAN DOCUMENTS AND ALL CLAIMS SHALL BE CONSTRUED

 
IN ACCORDANCE WITH AND GOVERNED BY THE
LAWLAWS OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO ANY CONFLICT OF LAW PRINCIPLES EXCEPT
FEDERAL LAWS RELATING TO NATIONAL BANKS. Each of the Grantors hereby irrevocably and unconditionally submits, for itself and its
property, to the exclusive jurisdiction of the courts of the State of New York, the courts of the United States District Court of the Southern District of New York, and any appellate court from any thereof (and, to the extent necessary to enforce
the Secured Parties’ rights under the Loan Documents, courts where Collateral may be located or deemed to be located and any appellate court thereof), in any legal action or proceeding arising out of or relating to any Loan Document, or for
recognition and enforcement of any judgment in respect thereof, and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined in such New York
State or, to the extent permitted by law, in such Federal court; provided, that nothing contained herein or in any other Loan Document will prevent any Lender, the Administrative Agent or the Collateral Agent from bringing any action to enforce any
award or judgment or exercise any right under the Security Documents or against any Collateral or any other property of any Grantor in any other forum in which jurisdiction can be established. Each of the parties hereto agrees that a final judgment
in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Agreement or any other Loan Document shall affect any right that the
Collateral Agent, the Administrative Agent or the Lenders may otherwise have to bring any action or proceeding relating to this Agreement or any other Loan Document against the Grantors or their respective properties in the courts of any
jurisdiction. 
 (c)        Each Grantor hereby irrevocably
and unconditionally waives, to the fullest extent it may legally and effectively do so, any objection which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement or any
other Loan Document in any court referred to in paragraph (b) of this Section. Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action
or proceeding in any such court. 
 (d)        Each party to this
Agreement irrevocably consents to service of process in the manner provided for notices in Section 10.1. Nothing in this Agreement or any other Loan Document will affect the right of any party to this Agreement to serve process in any other
manner permitted by law. 
 (e)        Nothing herein shall limit the right of Collateral Agent or any Lender to bring proceedings
against any Grantor (other than a Mexican Domiciled Grantor) in any other court, nor limit the right of any party to serve process in any other manner permitted by Applicable Law (except with respect to service of process to Mexican Domiciled
Grantor). Nothing in this Agreement shall be deemed to preclude enforcement by the Collateral Agent of any judgment or order obtained in any forum or jurisdiction. Final judgment against a Grantor in any action, suit or proceeding shall be
conclusive and may be enforced in any other jurisdiction, including the country in which such Grantor is domiciled, by suit on the judgment. If any party incorporated under the laws of the Netherlands, is represented by an attorney (pursuant to a
power of attorney governed by the laws of the Netherlands) in connection with the signing and/or execution of 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
laws of the Netherlands, 

(f)        
Notwithstanding anything on the contrary set forth above, with respect to any action or proceeding arising out of or relating to this Agreement involving any party incorporated or
organized under the laws of Mexico, each of the parties hereto (a) irrevocably submits to the exclusive 

 
jurisdiction of the Supreme Court of the State of New York sitting in New York City and of the United States District Court for the Southern District of New York, and any appellate court from any
thereof; and (b) waives any other jurisdiction to which it may be entitled by reason of its present or future domicile or otherwise. 
 9.17        WAIVER OF JURY
TRIAL. TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, EACH GRANTOR HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES
THE RIGHT TO TRIAL BY JURY (WHICH AGENT HEREBY ALSO WAIVES) IN ANY LEGAL ACTION OR PROCEEDING
OR DISPUTE OF ANY KIND RELATING IN ANY WAY TO
THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AND FOR ANY COUNTERCLAIM THEREIN.ANY LOAN DOCUMENTS, OBLIGATIONS OR
COLLATERAL. EACH GRANTOR HAS REVIEWED THE FOREGOING WAIVER WITH ITS LEGAL
COUNSEL AND HAS KNOWINGLY AND VOLUNTARILY WAIVED ITS JURY TRIAL AND OTHER RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL. IN THE EVENT OF LITIGATION, THIS AGREEMENT MAY BE FILED AS A WRITTEN CONSENT TO A TRIAL BY THE COURT. Notwithstanding the
above, each Mexican Domiciled Grantor further waives any right to any jurisdiction (other than as provided under
Section 9.16 above) to which they may be entitled under Applicable Law, by reason of its present or future domicile, or
otherwise, for the purposes of proceedings against or involving any of the Mexican Domiciled Grantors, and waives any objection to those courts on the ground of venue or forum non conveniens.

 9.18        Indemnity. Each Grantor jointly and severally agrees to
pay upon demand to the Collateral Agent the amount of any and all reasonable expenses, including the reasonable fees, disbursements and other charges of its counsel and of any experts or agents, which the Collateral Agent may incur in connection
with (i) the administration of this Agreement (including the customary fees and charges of the Collateral Agent for any monitoring or audits conducted by it or on its behalf with respect to the Accounts or Inventory), (ii) the custody or
preservation of, or the sale of, collection from or other realization upon any of the Collateral, (iii) the exercise, enforcement or protection of any of the rights of the Collateral Agent hereunder or (iv) the failure of any Grantor to
perform or observe any of the provisions hereof. 
 Without limitation of its indemnification obligations under the other
Loan Documents, each Grantor jointly and severally agrees to indemnify the Collateral Agent and the other Indemnitees against, and hold each of them harmless from, any and all losses, claims, damages, liabilities and related expenses, including
reasonable fees, disbursements and other charges of counsel, incurred by or asserted against any of them arising out of, in any way connected with, or as a result of, the execution, delivery or performance of this Agreement or any claim, litigation,
investigation or proceeding relating hereto or to the Collateral, whether or not any Indemnitee is a party thereto; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages,
liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the gross negligence or willful misconduct of such Indemnitee or any of its Affiliates. 

Any such amounts payable as provided hereunder shall be additional Obligations secured hereby and by the other Security
Documents. The provisions of this Section 9.18 shall remain operative and in full force and effect regardless of the termination of this Agreement or any other Loan Document, the consummation of the transactions contemplated hereby, the
repayment of any of the Loans, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document, or any investigation made by or on behalf of the Collateral Agent or any Lender. All amounts due under this
Section 9.18 shall be payable on written demand therefor. 

9.19        Counterparts. This Agreement may be executed in
counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original, but all
of which when taken together shall constitute a single contract. Delivery of an executed counterpart of a signature page of this Agreement by facsimile or electronic
transmission shall be effective as delivery of a manually executed counterpart of this Agreement.This Agreement shall
become effective when Agent has received counterparts bearing the signatures of all parties hereto. Agent may (but shall have no obligation to)
accept any signature, contract formation or record-keeping through electronic means, which shall have the same legal
validity and enforceability as manual or paper-based methods, to the fullest extent permitted by Applicable Law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records
Act, or any similar state law based on the Uniform Electronic Transactions Act. 

9.20        
Judgment Currency Conversion. If, for the purposes of enforcing judgment in any court or for any other purpose hereunder or in connection herewith, it is necessary to convert a sum
due hereunder in any currency into another currency, such conversion should be carried out to the extent and in the manner provided in the Credit Agreement. 

9.20 9.21        
Severability. In the event any one or more of the provisions contained in this Agreement should be held invalid, illegal or unenforceable in any respect, the validity,
legality and enforceability ofWherever possible, each provision of this Agreement shall be interpreted in such manner
as to be valid under Applicable Law. 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 contained herein shall not in any way be affected or impaired thereby (it being understood that the invalidity of
a particular provision in a particular jurisdiction shall not in and of itself affect the validity of such provision in any other jurisdiction)of this Agreement
shall remain in full force and effect. The parties shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions
with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 

9.22              Intercreditor
Agreements. 
 (a)        The terms of this Agreement, any Lien
granted to the Collateral Agent (for the benefit of the Secured Parties) pursuant to this Agreement and the exercise of any right or remedy by the Collateral Agent hereunder are subject to the provisions of the Intercreditor Agreements (if
effective). In the event of any inconsistency between the provisions of this Agreement and the Intercreditor Agreements (if effective), the provisions of the Intercreditor Agreements shall supersede the provisions of this Agreement. 

(b)        Without limiting the generality of the foregoing, and
notwithstanding anything herein to the contrary, all rights and remedies of the Collateral Agent (and the Secured Parties) shall be subject to the terms of the ABL/Term Loan Intercreditor Agreement (if effective), and until the Discharge of ABL
Obligations (as defined in the ABL/ Term Loan Intercreditor Agreement), (i) no Grantor shall be required hereunder or under any other Loan Document to take any action with respect to ABL Priority Collateral that is inconsistent with such
Grantor’s obligations under the applicable ABL Loan Documents and (ii) any obligation of any Grantor hereunder or under any other Loan Document with respect to the delivery or control of any ABL Priority Collateral, bill of lading or other
document, the giving of any notice to any bailee or other Person, the provision of voting rights or the obtaining of any consent of any Person shall be deemed to be satisfied if such Grantor complies with the requirements of the similar provision of
the applicable ABL Loan Document. Until the Discharge of ABL Obligations (as defined in the ABL/Term Loan Intercreditor Agreement), the Collateral Agent may not require any 

 
Grantor to take any action with respect to the creation, perfection or priority of its security interest in the ABL Priority Collateral, whether pursuant to the express terms hereof or of any
other Loan Document or pursuant to the further assurances provisions hereof or any other Loan Document, unless the ABL Collateral Agent (as defined in the ABL/Term Loan Intercreditor Agreement) shall have required such Grantor to take similar action
pursuant to the terms of the applicable Loan Documents, and delivery of any ABL Priority Collateral to the ABL Collateral Agent (as defined in the ABL/Term Loan Intercreditor Agreement) pursuant to the applicable ABL Loan Documents and the ABL/Term
Loan Intercreditor Agreement shall satisfy any delivery requirement hereunder or under any other Loan Document. 

(c)        
Notwithstanding anything herein to the contrary, (i) the liens and security interests granted to the Collateral Agent pursuant to this Agreement are expressly subject and
subordinate to the liens and security interests granted in favor of the Senior Secured Parties (as defined in the Term Intercreditor Agreement referred to below), including liens and security interests granted to Cortland Capital Market Services
LLC, as collateral agent, pursuant to or in connection with the Credit Agreement dated as of February 20, 2019 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time), among the Borrower, the lenders party
thereto, and Cortland Capital Market Services LLC, as administrative agent and collateral agent and (ii) the exercise of any right or remedy by the Junior Representative hereunder is subject to the limitations and provisions of the Term
Intercreditor Agreement dated as of February 20, 2019 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Term Intercreditor Agreement”), among the Borrower, the lenders party thereto and
Cortland Capital Market Services LLC, as administrative agent and collateral agent. In the event of any conflict between the terms of the Term Intercreditor Agreement and the terms of this Agreement, the terms of the Term Intercreditor Agreement
shall govern. 
 9.229.23        
Additional Grantors. Each Subsidiary of a Borrower that is required to become a party to this Agreement pursuant to Section 5.12 of the Credit Agreement shall become a Grantor for all purposes of this Agreement upon execution and
delivery by such Subsidiary of an Assumption Agreement in the form of Annex 1 hereto. Each Grantor expressly agrees that its obligations arising hereunder shall not be discharged, diminished or otherwise affected (a) by the addition or release
of any other Grantor hereunder, (b) by any failure by the Borrower or any Grantor to cause any Subsidiary of the Borrower to become a Grantor hereunder or (c) by reason of the Collateral Agent’s or any of the other Secured
Party’s actions in effecting, or failure to effect, any such joinder, or in releasing any Grantor hereunder, in each case, whether or not notice is given or consent is obtained from any Grantor. This Agreement shall be fully effective as to any
Grantor that is or becomes a party hereto regardless of whether any other Person becomes or fails to become or ceases to be a Grantor hereunder. 

9.239.24        Releases. (a) This
Agreement and the security interest of the Secured Parties on the Collateral provided hereunder shall terminate when all the Obligations (other than contingent obligations for indemnification, expense reimbursement, tax gross-up or yield protection as to which no claim has been made) have been paid in full and the Lenders have no further commitment to lend, at which time the Collateral Agent shall execute and deliver to the
Grantors or the Grantors’ designee, at the Grantors’ expense, all Uniform Commercial Code termination statements and similar documents which the Grantors shall reasonably request from time to time to evidence such termination. Any
execution and delivery of termination statements or documents pursuant to this Section 9.23(a) shall be without recourse to or warranty by the Collateral Agent. 

(b)        A Guarantor shall automatically be released from its
obligations hereunder and the security interest of the Secured Parties in the Collateral of such Guarantor shall be automatically released in the event that all the Equity Interests of such Guarantor shall be sold, transferred or otherwise disposed
of to a person that is not an Affiliate of the Borrower in accordance with the terms of the Credit 

 
Agreement; provided that the Required Lenders (or, if required by the terms of the Credit Agreement, such greater percentage of the Lenders specified in the Credit Agreement) shall have
consented to such sale, transfer or other disposition (to the extent required by the Credit Agreement) and the terms of such consent did not provide otherwise. The security interest of the Secured Parties in any Collateral that is sold, transferred
or otherwise disposed of in accordance with this Agreement, the Credit Agreement and the other Loan Documents (including pursuant to a waiver or amendment of the terms thereof) shall automatically terminate and be released, and such Collateral shall
be sold free and clear of the security interest created hereby. In connection with any of the foregoing, the Collateral Agent shall execute and deliver to the Grantors or the Grantors’ designee, at the Grantors’ expense, all Uniform
Commercial Code termination statements and similar documents (including any such documents as may be reasonably necessary in connection with the entry into by any Grantor of a Specified Vendor Receivables Financing) that the Grantors shall
reasonably request from time to time to evidence such termination. Any execution and delivery of termination statements or documents pursuant to this Section 9.23(b) shall be without recourse to or warranty by the Collateral Agent. 

9.249.25        Right of Setoff. If an Event
of Default shall have occurred and be continuing, each Secured Party is hereby authorized at any time and from time to time, to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand,
provisional or final) at any time held and other Indebtedness at any time owing by such Secured Party to or for the credit or the account of any Guarantor against any or all the obligations of such Guarantor now or hereafter existing under this
Agreement and the other Loan Documents held by such Secured Party, irrespective of whether or not such Secured Party shall have made any demand under this Agreement or any other Loan Document and although such obligations may be unmatured. The
rights of each Secured Party under this Section 9.24 are in addition to other rights and remedies (including other rights of setoff) which such Secured Party may have. 

9.26       
 Agreed Security Principles; Excluded Property. Notwithstanding anything to the contrary in this Agreement,
(a) the guaranty and grant of the security interest by the Grantors hereunder that are Foreign Domiciled Grantors and
the Collateral of the Grantors hereunder that are Foreign Domiciled Grantors shall be subject to Agreed Security Principles and all representations, warranties, covenants and other provisions hereof shall be subject to the Agreed Security
Principles, (b) with respect to any property or asset of any Foreign Domiciled Grantor, in the event of any
irreconcilable conflict between this Agreement and any other Security Document with respect to such property or asset, the terms of such other Security Document shall govern and control and (c) to the extent any provision of the Credit Agreement, this Agreement or any of the other Security Documents excludes assets from the
scope of the Collateral (including any Excluded Property), or from any requirement to take any action to perfect any security interest in favor of the Collateral Agent in the Collateral, the representations, warranties and covenants made by any
relevant Grantor in this Agreement with respect to the creation, perfection or priority (as applicable) of the security interest granted in favor of the Agent shall be deemed not to apply to such excluded assets. 

9.27       
     Parallel Debt Undertaking. 

(a)       
 Purpose of the Parallel Debt Undertaking. The parallel debt undertaking created hereunder
(“Parallel
 Debt
Undertaking”)
 (abstraktes Schuldanerkenntnis) 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)       
 Parallel Debt Undertaking. 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, the
Netherlands and such other jurisdictions as the Secured Parties 

 
and the Grantors (each acting reasonably) agree, notwithstanding any contrary provision in this Agreement: 

(i)    each Grantor undertakes (such undertakings, the “Parallel Obligations”) to pay to the Collateral Agent amounts equal to all present and future amounts owing by it to the Secured
Parties under the Loan Documents (“Original
Obligations”); 

(ii)    the Agent shall have its own independent right to demand and receive payment of the Parallel Obligations; 

(iii)    the Parallel Obligations shall, subject to subsection
(iv) below, not limit or affect the existence of the Original Obligations for which the Secured Parties shall have an
independent right to demand payment; 

(iv)    notwithstanding subsections
(ii) and (iii) above, payment by a Grantor of its Parallel Obligations shall to the same extent decrease and be a good
discharge of the corresponding Original Obligations owing to the relevant Secured Parties and payment by a Grantor of its Original Obligations to the relevant Secured Parties shall to the same extent decrease and be a good discharge of the Parallel
Obligations owing by it to the Collateral Agent; 

(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;  

(vi)    without limiting or affecting the
Agent’s
 right to protect, preserve or enforce its rights under any Security Document, the Agent undertakes to each Secured Parties not to exercise its rights in respect of the Parallel Obligations without the consent of the relevant Secured Parties; and
 

(vii)    the Agent shall distribute any amount so received to the Secured Parties in accordance with the terms of this Agreement and the Loan
Agreement (subject, in each case, to the terms of the Intercreditor Agreement) as if such amounts had been received in respect of the Original Obligations. 

(c)         Release (Sicherheitenfreigabe). Upon complete and irrevocable satisfaction of the Secured Obligations, the Agent shall as soon as reasonably practical at the cost and expense of the Grantors
release the Parallel Debt
Undertaking. 

ARTICLE X 
 NOTICES 

10.1        Sending Notices. Any notice required or permitted to be given under
this Agreement shall be sent in accordance with Section 10.01 of the Credit Agreement (with any notice to a Grantor (other than the Borrower) being sent care of the Borrower). 

 10.2        Change in Address for
Notices. Each of the Grantors, the Collateral Agent and the Lenders may change the address for service of notice upon it by a notice in writing to the other parties. 

ARTICLE XI 
 THE COLLATERAL
AGENT 
 JPMorgan Chase Bank, N.A. has been appointed Collateral Agent for the Lenders hereunder pursuant to Article VIII of
the Credit Agreement. It is expressly understood and agreed by the parties to this Agreement that any authority conferred upon the Collateral Agent hereunder is subject to the terms of the delegation of authority made by the Lenders to the
Collateral Agent pursuant to the Credit Agreement, and that the Collateral Agent has agreed to act (and any successor Collateral Agent shall act) as such hereunder only on the express conditions contained in such Section 1Article VIII. Any successor Collateral Agent
appointed pursuant to Article VIII of the Credit Agreement shall be entitled to all the rights, interests and benefits of the Collateral Agent hereunder. 

[Signature Page Follows] 

 IN WITNESS WHEREOF, the Grantors and the Collateral Agent have executed this Agreement as of
the date first above written. 
  

			
	GRANTORS:
	
	HORIZON GLOBAL CORPORATION, as the
    Borrower
		
	By:	 	                                     
                             
		 	Name:
		 	 Title:
	
	[●], as a Guarantor
		
	By:	 	                                     
                                 
		 	Name:
		 	 Title:
	     

JPMORGAN CHASE BANK, N.A., as Collateral Agent

		
	By:	 	                                     
                                 
		 	Name:
		 	 Title:

 EXHIBIT A 

GRANTORS; IDENTIFYING INFORMATION 
  

							
	  

Grantor
	  	  

Jurisdiction of

Organization &

Type of 

Organization
  
	  	  

Organizational

Identification

Number
  
	  	  

Federal Tax

Identification

Number
  

 EXHIBIT B 

COLLATERAL RECORD LOCATIONS 
  

					
	  

Grantor
  
	  	  

Location of Chief Executive Office
  
	  	  

Location of Books and Records
  

 EXHIBIT C 

INTELLECTUAL PROPERTY RIGHTS 

PATENTS 
 PATENTS OWNED BY
EACH GRANTOR 
 [For each Grantor state if no patents are owned. List in numerical order by Patent No./Patent Application No.] 

U.S. Patent Registrations 
  

					
	 	 	 
	
Grantor

 
	  	 Patent Numbers

 
	  	 Issue Date

 

U.S. Patent Applications 
  

					
	 	 	 
	
Grantor

 
	  	 Patent Application No.

 
	  	 Filing Date

 

Non-U.S. Patent Registrations 

 

							
	 	 	 	 
	
Grantor

 
	  	 Country

 
	  	 Issue Date

 
	  	 Patent No.

 

 Non-U.S. Patent Applications 

 

							
	 	 	 	 
	
Grantor

 
	  	 Country

 
	  	 Filing Date

 
	  	
Patent Application No.
  

 Patent Licenses; Grantor as Licensor 

U.S. Patents 
  

									
	 	 	 	 	 
	
Grantor/Licensor
	  	 Licensee Name

and Address
  
	  	 Date of License/ Sublicense

 
	  	Issue Date	  	Patent No.

U.S. Patent Applications 
  

 

									
	 	 	 	 	 
	
Grantor/Licensor
	  	 Licensee Name

and Address
  
	  	 Date of License/ Sublicense

 
	  	Date Filed	  	Application No.

Non-U.S. Patents 
  

 

											
	Grantor/Licensor	  	Country	  	 Licensee Name

and Address
  
	  	Date of License/ Sublicense	  	 Issue

Date
	  	
Non-U.S.
 Patent
No.

 Non-U.S. Patent Applications 

 
  

											
	Grantor/Licensor	  	Country	  	 Licensee Name

and Address
  
	  	Date of License/ Sublicense	  	 Date

Filed
	  	
Application

No.

 Patent; Licenses; Grantor as Licensee 

U.S. Patents 
  

									
	 	 	 	 	 
	
Grantor/Licensee
	  	 Licensor Name

and Address
  
	  	 Date of

License/ Sublicense
  
	  	Issue Date	  	Patent No.

U.S. Patent Applications 
  

									
	 	 	 	 	 
	
Grantor/Licensee
	  	 Licensor Name

and Address
  
	  	 Date of

License/ Sublicense
  
	  	Date Filed	  	Application No.

Non-U.S. Patents 
  

											
	 	 	 	 	 	 
	
Grantor/Licensee
	  	Country	  	 Licensor Name

and Address
  
	  	 Date of License/    

Sublicense
  
	  	 Issue

Date
	  	 Non-U.S.
 Patent No.

Non-U.S. Patent Applications 

 

											
	 	 	 	 	 	 
	
Grantor/Licensee
	  	Country	  	 Licensor Name

and Address
  
	  	 Date of License/    

Sublicense
  
	  	 Date

Filed
	  	 Application

No.

 TRADEMARKS 

OWNED TRADEMARK/TRADE NAMES 
 [For
each Grantor state if no trademarks/trade names are owned. List in numerical order by trademark registration/application no.] 
 U.S.
Trademark Registrations 
  

							
	 	 	 	 
	
Grantor

 
	  	 Mark

 
	  	 Reg. Date

 
	  	 Reg. No.

 

 U.S. Trademark Applications 

 

							
	 	 	 	 
	
Grantor

 
	  	 Mark

 
	  	 Filing Date

 
	  	 Application No.

 

	 	  	 	  	 	  	 

 State Trademark Registrations 
  

									
	
Grantor

 
	 	 State

 
	  	 Mark

 
	  	 Reg. Date

 
	  	 Reg. No.

 

	 	 	
    
	  	 	  	 	  	 

 State Trademark Applications 
  

									
	
Grantor

 
	 	 State

 
	  	 Mark

 
	  	 Filing Date

 
	  	 Application No.

 

	 	 	
    
	  	 	  	 	  	 

 Non-U.S. Trademark Registrations 

 

									
	
Grantor

 
	  	 Country

 
	  	 Mark

 
	  	 Reg. Date

 
	  	 Reg. No.

 

	 	  	 	  	 	  	 	  	 

 Non-U.S. Trademark Applications 

 

									
	
Grantor

 
	  	 Country

 
	  	 Mark

 
	  	 Date Filed

 
	  	 Application No.

 

	 	  	 	  	 	  	 	  	 

 Trade Names 
  

					
	Grantor	  	
Country(s) Where Used
	  	Trade Name

 Trademark Licenses; Grantor as Licensor 

U.S. Trademarks 
  

											
	
Grantor/Licensor
	  	 Licensee Name

and Address
	  	 Date of

License/Sublicense
	  	U.S. Mark	  	Reg. Date	  	Reg. No.
	 	  	 	  	 	  	 	  	 	  	 

 U.S. Trademark Applications 
  

											
	
Grantor/Licensor
	  	Country	  	Licensee Name and Address	  	Date of License/ Sublicense	  	 Date

Filed
	  	 Application

No.

	 	  	 	  	 	  	 	  	 	  	 

 Non-U.S. Trademarks 

 

													
	
Grantor/Licensor    
	  	Country	  	  Licensee Name     and Address    	  	  Date of License/   Sublicense  	  	  Non-U.S. Mark  	  	Reg. Date	  	Reg. No.
	 	  	 	  	 	  	 	  	 	  	 	  	 

 Non-U.S. Trademark Applications 

 

													
	
Grantor/Licensor    
	  	Country	  	   Licensee Name  

and Address  
  
	  	
    Date of License/    

Sublicense
	  	    Non-U.S. Mark    	  	    Date Filed    	 	
Application

No.

 D. Others 
  

							
	
Grantor/Licensor
	  	 Licensee Name

and Address
	  	 Date of License/

Sublicense
	  	
Subject
 Matter

 Trademark Licenses; Grantor as Licensee 

U.S. Trademarks 
  

											
	
Grantor/Licensee        
	 	 Licensor Name

and Address
	 	 Date of Licensee/

Sublicensee
  
	 	U.S. Mark	 	Reg. Date	 	Reg. No.

 U.S. Trademark Applications 
  

											
	
Grantor/Licensee        
	 	 Licensor Name

and Address
	 	 Date of Licensee/

Sublicensee
  
	 	U.S. Mark	 	 Date

Filed
	 	
Application

No.

 Non-U.S. Trademarks 

 

													
	
Grantor/Licensee        
	 	Country	 	 Licensor Name

and Address
	 	 Date of License/

Sublicense
  
	 	
Non-U.S.

Mark
	 	Reg. Date	 	Reg. No.

 Non-U.S. Trademark Applications 

 

													
	
Grantor/Licensee    
	 	Country	 	 Licensor Name

and Address
  
	 	 Date of License/

Sublicense
	 	
Non-U.S.

Mark
	 	Date Filed	 	
Application

No.

 D. Others 
  

							
	
Grantor/Licensee        
	 	 Licensor Name

and Address
	 	 Date of License/

Sublicense
	 	
Subject
 Matter

 COPYRIGHTS 

COPYRIGHTS OWNED BY EACH GRANTOR 

[State for each Grantor if no copyrights are owned. List in numerical order by Registration No.] 

U.S. Copyright Registrations 
  

							
	 	 	 	 
	
Grantor
	 	 Title

 
	 	Reg. No.	 	Author

 Pending U.S. Copyright Applications for Registration 

 

									
	
Grantor
	 	 Title

 
	 	Author	 	Class	 	Date Filed

 Non-U.S. Copyright Registrations 

 

									
	
Grantor
	 	 Title

 
	 	Author	 	Class	 	Date Filed

 Non-U.S. Pending Copyright
Applications for Registration 
  

											
	 	 	 	 	 	 
	
Grantor

 
	  	 Country

 
	  	 Title

 
	  	 Author

 
	  	 Class

 
	  	 Date Filed

 

 [State for each Grantor whether such Grantor is not a party to a license/sublicense.] 

Copyright Licenses; Grantor as Licensor 

U.S. Copyrights 
  

									
	Grantor/Licensor        	  	Licensee Name        

And Address        
	  	Date of Licensee/
        
Sublicense        	  	Title of        

U.S.        

Copyright        

 
  
	  	Author            

 Non-U.S. Copyrights 
  

									
	Grantor/Licensor        	  	Licensee Name        

And Address        
	  	Date of Licensee/        
Sublicense  
      	  	Title of        

U.S.        

Copyright        

 
  
	  	Author            

 Copyright Licenses; Grantor as Licensee 

U.S. Copyrights 
  

									
	Grantor/Licensor        	  	Licensee Name        

And Address        
	  	Date of Licensee/        
Sublicense  
      	  	Title of        

U.S.        

Copyright        

 
  
	  	Author            

 Non-U.S. Copyrights 
  

									
	Grantor/Licensor        	  	Licensee Name        

And Address        
	  	Country        	  	
Date of        

License/        

Sublicense        
	  	
Title of Non-U.S.        

Copyright        

 
  

 EXHIBIT D 

PLEDGED EQUITY 
  

											
	Owner    	  	Issuer        	  	Type of          
Equity         Interests        	  	
Issued and Outstanding        
Equity Interests of each         class;        

Options, Warrants and        

Similar Rights        

 
  
	  	
Number (and         percentage)        
of Pledged        

Equity Interests        
	  	Certificate No.        
(if any)        

 PLEDGED DEBT 
  

											
		  	Grantor        	  	Issuer/Borrower    	  	
Original Amount; Principal
 Amount Outstanding
	  	Date of Note        	  	

 EXHIBIT E 

DEPOSIT ACCOUNTS 
  

							
	
Grantor
	  	
Name of Institution and    

Address        
	  	
Pledged Account Name    
	  	
Pledged Account Number    

 SECURITIES ACCOUNTS 
  

							
	
Grantor
	  	
Name of Institution and    

  Address        
	  	
Pledged Account Name    
	  	
Pledged Account Number    

 EXHIBIT F 

AMENDMENT 
 This
Amendment, dated                     ,     is delivered pursuant to [Section 5.4] [Section 5.8] of the Agreement
referred to below. All defined terms herein shall have the meanings ascribed thereto or incorporated by reference in the Agreement. The undersigned hereby certifies that the representations and warranties in Article IV of the Agreement are and
continue to be true and correct. The undersigned further agrees that this Amendment may be attached to that certain Term Loan Guarantee and Collateral Agreement, dated as of June 30, 2015, between the undersigned, as the Grantors, and JPMorgan
Chase Bank, N.A., as the Collateral Agent (as amended, restated, amended and restatement, supplemented or otherwise modified from time to time prior to the date hereof, the “Agreement”) and that the Collateral listed on Schedule
I to this Amendment shall be and become a part of the Collateral referred to in said Agreement and shall secure all Obligations referred to in the Agreement. 

 

					
	  
	 	
	  
 By:
	 		 	
	Name:	 	  
	 	
	Title:	 	  
	 	

 SCHEDULE I TO AMENDMENT 

STOCKS 
  

											
	
Name of        

Grantor        
	  	Issuer        	  	Certificate        
Number(s)     
   	  	Number of        
Shares      
  	  	Class of Stock        	  	Percentage of        
Outstanding     
   
  Shares        
	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 

 BONDS 
  

											
	
Name of        

Grantor        
	  	Issuer        	  	Number        	  	Face Amount    	  	Coupon Rate        	  	Maturity        
	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 

 GOVERNMENT SECURITIES 
  

													
	
Name of        

Grantor        
	  	Issuer        	  	Number        	  	Type        	  	Face Amount        	  	Coupon Rate        	  	Maturity        
	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 	  	 

 OTHER SECURITIES OR OTHER INVESTMENT PROPERTY 

(CERTIFICATED AND UNCERTIFICATED) 
  

							
	
        Name of Grantor    
    
	  	        Issuer          
  	  	        Description of Collateral     
   	  	    Percentage Ownership        
  
      Interest        
	 	  	 	  	 	  	 
	 	  	 	  	 	  	 
	 	  	 	  	 	  	 
	 	  	 	  	 	  	 

 [Add description of custody accounts or arrangements with securities intermediary, if applicable]
 
 COMMERCIAL TORT CLAIMS 
  

							
	Name of Grantor        	  	Description of Claim        	  	            Parties      
      	  	Case Number; Name of        

Court where Case was        Filed    

	 	  	 	  	 	  	 
	 	  	 	  	 	  	 

 Annex 1 to  

Term Loan Guarantee and Collateral Agreement 

ASSUMPTION AGREEMENT, dated as of         ,
20     , made by                  (the “Additional Grantor”), in favor of JPMORGAN CHASE BANK, N.A., as Collateral
Agent (in such capacity, the “Collateral Agent”) for the banks and other financial institutions or entities (the “Lenders”) parties to the Credit Agreement referred to below. All capitalized terms not defined herein
shall have the meaning ascribed to them in such Credit Agreement. 
 W I T N E S S E T H : 

WHEREAS, HORIZON GLOBAL CORPORATION (the “Borrower”), the Lenders, the Collateral Agent and the other agents
party thereto have entered into a Term Loan Credit Agreement, dated as of June 30, 2015 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”); 

WHEREAS, in connection with the Credit Agreement, the Borrower and certain of its Affiliates (other than the Additional
Grantor) have entered into the Term Loan Guarantee and Collateral Agreement, dated as of June 30, 2015 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Guarantee and Collateral
Agreement”) in favor of the Collateral Agent for itself and for the benefit of the Secured Parties; 
 WHEREAS,
the Credit Agreement requires the Additional Grantor to become a party to the Guarantee and Collateral Agreement; and 

WHEREAS, the Additional Grantor has agreed to execute and deliver this Assumption Agreement in order to become a party to the
Guarantee and Collateral Agreement; 
 NOW, THEREFORE, IT IS AGREED: 

1.  Guarantee and Collateral Agreement. By executing and delivering this Assumption Agreement, the
Additional Grantor, as provided in Section 9.22 of the Guarantee and Collateral Agreement, hereby becomes a party to the Guarantee and Collateral Agreement as a Guarantor and Grantor thereunder with the same force and effect as if originally
named therein as a Guarantor and Grantor and, without limiting the generality of the foregoing, hereby expressly assumes all obligations and liabilities of a Guarantor and Grantor thereunder. The information set forth in Annex 1-A hereto is hereby added to the information set forth in Exhibits A through E to the Guarantee and Collateral Agreement and hereby grants to the Collateral Agent, for the benefit of the Secured Parties, as
collateral security for the prompt and complete payment or performance when due of the Obligations, a security interest in all of the Collateral (it being understood that, as provided in the Guarantee and Collateral Agreement, “Collateral”
does not include any Excluded Property). The Additional Grantor hereby represents and warrants that each of the representations and warranties contained in Article IV of the Guarantee and Collateral Agreement with respect to itself is true and
correct in all material respects (other than in the case of representations qualified by materiality, in which case such representations 

 
shall be true and correct) on and as the date hereof (after giving effect to this Assumption Agreement) as if made on and as of such date.1

 2.    Governing Law. THIS ASSUMPTION AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND
INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 
 IN WITNESS WHEREOF, the undersigned has caused
this Assumption Agreement to be duly executed and delivered as of the date first above written. 
  

							
		 	[ADDITIONAL GRANTOR]
				
		 	By:	 	Name:	  	
		 		 	Title:	  	

  
  

1 To the extent applicable, such Additional Grantor shall also provide an Amendment in the form of Exhibit
F 

 Annex 1-A to 

Assumption Agreement 

Supplement to Exhibit A 

Supplement to Exhibit B 

Supplement to Exhibit C 

Supplement to Exhibit D 

Supplement to Exhibit E 

 ANNEX 1-A 

See attached. 

 EXHIBIT A 

GRANTORS; IDENTIFYING INFORMATION 
  

							
	 	 	 	 
	Grantor	  	 Jurisdiction of

Organization &

Type of

Organization
  
	  	 Organizational
Identification

Number or

Equivalent
	  	
Federal Tax
Identification

Number or

Equivalent

	 	 	 	 
	
Cequent UK Limited            
	  	 UK Company

limited by
 shares
	  	8081641	  	98-1055665
	 	 	 	 
	
Cequent Towing Products of

Canada Ltd.
	  	 Ontario

Corporation
	  	1635725	  	10444 5614
	 	 	 	 
	
Cequent Nederland Holdings B.V.
	  	 Netherlands

Private Limited
 Company
	  	820987384	  	98-1057837
	 	 	 	 
	
Cequent Mexico Holdings B.V.
	  	 Netherlands

Private Limited
 Company
	  	851710591	  	98-105656
	 	 	 	 
	
Cequent Sales Company de

Mexico, S. de R.L. de C.V.
	  	 Mexico Limited

Liability
 Company
	  	3672*2	  	CSM150325QK4
	 	 	 	 
	
Cequent Electrical Products de

Mexico, S. de R.L. de C.V.
	  	 Mexico Limited

Liability
 Company
	  	21743*3	  	CEP050203BUI

 Exhibit A / Page 1 

 EXHIBIT C 

PATENTS 
 [See attached]

																	
	Owner	 	  Status  	 	Title	 	  Case Type  	 	  Country  	 	    App. No.    	 	  Filing Date  	 	Patent No.        	 	  Issue Date  
	 Horizon Global Americas

Inc.
	 	Pending	 	BRACKET	 	DES	 	AU	 	201616204	 	04-Nov-2016	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Granted	 	HITCH STEP	 	DES	 	BR	 	BR302013004585-4	 	11-Sep-2013	 	BR302013004585-4	 	08-Dec-2015
	 Horizon Global Americas

Inc.
	 	Granted	 	HANDLE	 	DES	 	BR	 	3020130046893	 	13-Sep-2013	 	BR302013004689-3	 	21-Feb-2017
	 Horizon Global Americas

Inc.
	 	Granted	 	POINT OF
SALE
PACKAGING	 	DES	 	BR	 	BR302014000738-6	 	20-Feb-2014	 	BR302014000738-6	 	22-Apr-2015
	 Horizon Global Americas

Inc.
	 	Granted	 	GOOSENECK
COUPLER	 	DDV	 	CA	 	167890	 	06-Aug-2015	 	167890	 	21-Apr-2016
	 Horizon Global Americas

Inc.
	 	Granted	 	GOOSENECK
COUPLER	 	DDV	 	CA	 	167891	 	06-Aug-2015	 	167891	 	21-Apr-2016
	 Horizon Global Americas

Inc.
	 	Granted	 	GOOSENECK
COUPLER	 	DES	 	CA	 	163716	 	06-Aug-2015	 	163716	 	21-Apr-2016
	 Horizon Global Americas

Inc.
	 	Granted	 	LARGE
POWERED
JACK	 	DES	 	CA	 	165986	 	16-Dec-2015	 	165986	 	08-Nov-2016
	 Horizon Global Americas

Inc.
	 	Granted	 	LARGE
POWERED
JACK	 	DDV	 	CA	 	170066	 	16-Dec-2015	 	170066	 	08-Nov-2016
	 Horizon Global Americas

Inc.
	 	Granted	 	HITCH STEP	 	DES	 	CA	 	153007	 	06-Sep-2013	 	153007	 	13-Feb-2015
	 Horizon Global Americas

Inc.
	 	Granted	 	TRAILER JACK	 	DES	 	CA	 	152707	 	30-Aug-2013	 	152707	 	29-Jul-2014
	 Horizon Global Americas

Inc.
	 	Granted	 	TRAILER JACK	 	DDV	 	CA	 	157636	 	14-Jul-2014	 	157636	 	29-Jul-2014
	 Horizon Global Americas

Inc.
	 	Granted	 	HANDLE	 	DDV	 	CA	 	157788	 	06-Sep-2013	 	157788	 	03-Sep-2014
	 Horizon Global Americas

Inc.
	 	Granted	 	HANDLE	 	DES	 	CA	 	153006	 	06-Sep-2013	 	153006	 	03-Sep-2014
	 Horizon Global Americas

Inc.
	 	Granted	 	WING STYLE
SINGLE BIKE
RACK	 	DES	 	CA	 	153763	 	06-Nov-2013	 	153763	 	27-Jun-2014
	 Horizon Global Americas

Inc.
	 	Granted	 	ECONOMY
CAST
ALUMINUM
RATCHET
FOR 1” WIDE
WEBBING	 	DES	 	CA	 	153560	 	23-Oct-2013	 	153560	 	23-May-2014
	 Horizon Global Americas

Inc.
	 	Granted	 	HITCH STEP
WITH LIGHT	 	DES	 	CA	 	156196	 	17-Apr-2014	 	156196	 	13-Feb-2015
	 Horizon Global Americas

Inc.
	 	Granted	 	COUPLER
LOCK	 	DES	 	CA	 	155468	 	04-Mar-2014	 	155468	 	04-Mar-2015
	 Horizon Global Americas

Inc.
	 	Granted	 	COUPLER
LOCK	 	DDV	 	CA	 	160696	 	04-Mar-2014	 	160696	 	04-Mar-2015

																	
	Owner	 	  Status  	 	Title	 	  Case Type  	 	  Country  	 	    App. No.    	 	  Filing Date  	 	    Patent No.    	 	  Issue Date  
	 Horizon Global Americas

Inc.
	 	Granted	 	POINT OF SALE PACKAGING	 	DDV	 	CA	 	165751	 	19-Feb-2015	 	165751	 	21-Dec-2015
	 Horizon Global Americas

Inc.
	 	Granted	 	POINT OF SALE PACKAGING	 	DDV	 	CA	 	165752	 	19-Feb-2014	 	165752	 	21-Dec-2015
	 Horizon Global Americas

Inc.
	 	Granted	 	POINT OF SALE PACKAGING	 	DDV	 	CA	 	165753	 	19-Feb-2014	 	165753	 	21-Dec-2015
	 Horizon Global Americas

Inc.
	 	Granted	 	POINT OF SALE PACKAGING	 	DDV	 	CA	 	165754	 	19-Feb-2014	 	165754	 	21-Dec-2015
	 Horizon Global Americas

Inc.
	 	Granted	 	POINT OF SALE PACKAGING	 	DDV	 	CA	 	165755	 	19-Feb-2014	 	165755	 	21-Dec-2015
	 Horizon Global Americas

Inc.
	 	Granted	 	POINT OF SALE PACKAGING	 	DDV	 	CA	 	165756	 	19-Feb-2014	 	165756	 	21-Dec-2015
	 Horizon Global Americas

Inc.
	 	Granted	 	POINT OF SALE PACKAGING	 	DDV	 	CA	 	165757	 	19-Feb-2014	 	165757	 	21-Dec-2015
	 Horizon Global Americas

Inc.
	 	Granted	 	POINT OF SALE PACKAGING	 	DES	 	CA	 	155208	 	19-Feb-2014	 	155208	 	21-Dec-2015
	 Horizon Global Americas

Inc.
	 	Granted	 	POINT OF SALE PACKAGING	 	DDV	 	CA	 	161046	 	18-Feb-2015	 	161046	 	21-Dec-2015
	 Horizon Global Americas

Inc.
	 	Granted	 	ACCESSORY ATTACHMENT DEVICE	 	DES	 	CA	 	158387	 	26-Aug-2014	 	158387	 	19-Aug-2015
	 Horizon Global Americas

Inc.
	 	Granted	 	ACCESSORY ATTACHMENT DEVICE	 	DDV	 	CA	 	163069	 	26-Aug-2014	 	163069	 	19-Aug-2015
	 Horizon Global Americas

Inc.
	 	Granted	 	ACCESSORY ATTACHMENT DEVICE	 	DDV	 	CA	 	163337	 	26-Aug-2014	 	163337	 	19-Aug-2015
	 Horizon Global Americas

Inc.
	 	Granted	 	ONE-PIECE RAMP	 	DDV	 	CA	 	163846	 	27-Nov-2014	 	163846	 	08-Sep-2015
	 Horizon Global Americas

Inc.
	 	Granted	 	ONE-PIECE RAMP	 	DES	 	CA	 	159768	 	27-Nov-2014	 	159768	 	08-Sep-2015
	 Horizon Global Americas

Inc.
	 	Granted	 	IMPLEMENT HANDLE CONNECTOR	 	DES	 	CA	 	159461	 	07-Nov-2014	 	159461	 	13-Jun-2016
	 Horizon Global Americas

Inc.
	 	Granted	 	IMPLEMENT HANDLE CONNECTOR	 	DDV	 	CA	 	163070	 	19-Jun-2015	 	163070	 	13-Jun-2016
	 Horizon Global Americas

Inc.
	 	Granted	 	IMPLEMENT HANDLE	 	DES	 	CA	 	159462	 	07-Nov-2014	 	159462	 	25-Sep-2015
	 Horizon Global Americas

Inc.
	 	Granted	 	RATCHET	 	DES	 	CA	 	173932	 	31-Mar-2017	 	173932	 	29-May-2018
	 Horizon Global Americas

Inc.
	 	Granted	 	RATCHET	 	DES	 	CA	 	179191	 	31-Mar-2017	 	179191	 	29-May-2018

																	
	Owner	 	  Status  	 	Title	 	  Case Type  	 	  Country  	 	    App. No.    	 	  Filing Date  	 	    Patent No.    	 	  Issue Date  
	 Horizon Global Americas

Inc.
	 	Granted	 	HITCH STEP	 	DES	 	CN	 	1330438745.2	 	12-Sep-2013	 	ZL201330438745.2	 	16-Apr-2014
	 Horizon Global Americas

Inc.
	 	Granted	 	TRAILER JACK	 	DES	 	CN	 	1330423982.1	 	03-Sep-2013	 	ZL201330423982.1	 	12-Mar-2014
	 Horizon Global Americas

Inc.
	 	Granted	 	HANDLE	 	DES	 	CN	 	1330440993.0	 	13-Sep-2013	 	ZL201330440993.0	 	12-Mar-2014
	 Horizon Global Americas

Inc.
	 	Granted	 	ECONOMY CAST ALUMINUM RATCHET FOR 1” WIDE WEBBING	 	DES	 	CN	 	1330515662.9	 	30-Oct-2013	 	ZL201330515662.9	 	07-May-2014
	 Horizon Global Americas

Inc.
	 	Granted	 	POINT OF SALE PACKAGING	 	DES	 	CN	 	201430031079.5	 	20-Feb-2014	 	ZL201430031079.5	 	30-Jul-2014
	 Horizon Global Americas

Inc.
	 	Granted	 	ONE-PIECE RAMP	 	DES	 	CN	 	201430489618.X	 	01-Dec-2014	 	ZL201430489618.X	 	28-Oct-2015
	 Horizon Global Americas

Inc.
	 	Granted	 	STORMPROOF SHIELDED CARGO BAG	 	DES	 	CN	 	201630043414.2	 	05-Feb-2016	 	ZL201630043414.2	 	30-Nov-2016
	 Horizon Global Americas

Inc.
	 	Granted	 	T-HANDLE RATCHET	 	DES	 	CN	 	201730111959.7	 	07-Apr-2017	 	ZL201730111959.7	 	19-Jan-2018
	 Horizon Global Americas

Inc.
	 	Granted	 	TRAILER JACK	 	DES	 	EM	 	002301093	 	02-Sep-2013	 	002301093	 	02-Sep-2013
	 Horizon Global Americas

Inc.
	 	Granted	 	HANDLE	 	DES	 	EM	 	001383293	 	13-Sep-2013	 	001383293	 	13-Sep-2013
	 Horizon Global Americas

Inc.
	 	Granted	 	HITCH STEP	 	DES	 	MX	 	2013/002711	 	11-Sep-2013	 	42694	 	16-Oct-2014
	 Horizon Global Americas

Inc.
	 	Granted	 	TRAILER JACK	 	DES	 	MX	 	2013/002571	 	29-Aug-2013	 	43336	 	30-Jan-2015
	 Horizon Global Americas

Inc.
	 	Granted	 	TRAILER JACK	 	DDV	 	MX	 	2015/000299	 	29-Jan-2015	 	44730	 	05-Aug-2015
	 Horizon Global Americas

Inc.
	 	Granted	 	HANDLE	 	DDV	 	MX	 	2014/001098	 	07-Apr-2014	 	43067	 	16-Dec-2014
	 Horizon Global Americas

Inc.
	 	Granted	 	WING STYLE SINGLE BIKE RACK	 	DES	 	MX	 	MX/f/2013/003414	 	07-Nov-2013	 	44680	 	29-Jul-2015
	 Horizon Global Americas

Inc.
	 	Granted	 	ECONOMY CAST ALUMINUM RATCHET FOR 1” WIDE WEBBING	 	DES	 	MX	 	2013/003305	 	24-Oct-2013	 	43947	 	06-May-2015
	 Horizon Global Americas

Inc.
	 	Pending	 	HITCH STEP WITH LIGHT	 	DES	 	MX	 	2014/001229	 	21-Apr-2014	 	43326	 	 
	 Horizon Global Americas

Inc.
	 	Granted	 	COUPLER LOCK	 	DES	 	MX	 	MX/f/2015/002956	 	01-Oct-2015	 	47683	 	24-Aug-2016
	 Horizon Global Americas

Inc.
	 	Granted	 	COUPLER LOCK	 	DES	 	MX	 	MX/f/2014/000722	 	03-Mar-2014	 	45619	 	19-Nov-2015

																	
	Owner	 	  Status  	 	Title	 	  Case Type  	 	  Country  	 	    App. No.      	 	  Filing Date  	 	    Patent No.    	 	  Issue Date  
	 Horizon Global Americas

Inc.
	 	Granted	 	POINT OF SALE PACKAGING	 	DES	 	MX	 	MX/f/2016/000443	 	20-Feb-2014	 	49331	 	31-Mar-2017
	 Horizon Global Americas

Inc.
	 	Pending	 	MODELO INDUSTRIAL DE EMBALAJE DE PUNTO DE VENTA	 	DES	 	MX	 	MX/f/2016/000443	 	12-Feb-2016	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Granted	 	POINT OF SALE PACKAGING	 	DDV	 	MX	 	MX/f/2016/003959	 	20-Feb-2014	 	51679	 	08-Jan-2018
	 Horizon Global Americas

Inc.
	 	Granted	 	POINT OF SALE PACKAGING	 	DES	 	MX	 	2014/000591	 	20-Feb-2014	 	44806	 	19-Aug-2015
	 Horizon Global Americas

Inc.
	 	Granted	 	POINT OF SALE PACKAGING	 	DDV	 	MX	 	2015/001257	 	16-Apr-2015	 	47047	 	09-Jun-2016
	 Horizon Global Americas

Inc.
	 	Granted	 	ACCESSORY ATTACHMENT DEVICE	 	DDV	 	MX	 	2016/000227	 	21-Jan-2016	 	48035	 	12-Oct-2016
	 Horizon Global Americas

Inc.
	 	Granted	 	ACCESSORY ATTACHMENT DEVICE	 	DES	 	MX	 	2014/002611	 	26-Aug-2014	 	46674	 	07-Apr-2016
	 Horizon Global Americas

Inc.
	 	Granted	 	ONE-PIECE RAMP	 	DDV	 	MX	 	MX/f/2017/004161	 	19-Dec-2017	 	53898	 	24-Oct-2018
	 Horizon Global Americas

Inc.
	 	Granted	 	ONE-PIECE RAMP	 	DES	 	MX	 	2014/003665	 	27-Nov-2014	 	51671	 	20-Dec-2017
	 Horizon Global Americas

Inc.
	 	Granted	 	FOLDING WRENCH	 	DES	 	MX	 	MX/f/2017/001474	 	25-May-2017	 	54425	 	17-Dec-2018
	 Horizon Global Americas

Inc.
	 	Granted	 	POD LIGHT FIXTURE	 	DES	 	MX	 	MX/f/2018/000114	 	11-Jan-2018	 	53995	 	07-Nov-2018
	 Horizon Global Americas

Inc.
	 	Pending	 	T-HANDLE RATCHET	 	DDV	 	MX	 	MX/f/2018/002387	 	16-Aug-2018	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Granted	 	T-HANDLE RATCHET	 	DES	 	MX	 	MX/f/2017/001009	 	06-Apr-2017	 	54212	 	21-Nov-2018
	 Horizon Global Americas

Inc.
	 	Granted	 	COUPLER LOCK	 	DES	 	NZ	 	418566	 	04-Mar-2014	 	418566	 	04-Jun-2014
	 Horizon Global Americas

Inc.
	 	Granted	 	COUPLER LOCK	 	DES	 	NZ	 	418565	 	04-Mar-2014	 	418565	 	04-Jun-2014
	 Horizon Global Americas

Inc.
	 	Pending	 	FOLDING WRENCH ASSEMBLY	 	ORD	 	AU	 	2016203808	 	08-Jun-2016	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Published	 	DUAL WIND JACK	 	PCT	 	BR	 	BR112015018513-4	 	28-Feb-2014	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Published	 	ONE-PIECE RAMP	 	ORD	 	BR	 	BR102014013323-2	 	02-Jun-2014	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Published	 	FOLDING WRENCH ASSEMBLY	 	ORD	 	BR	 	BR102016013191-0	 	08-Jun-2016	 	 	 	 

																	
	Owner	 	  Status  	 	Title	 	  Case Type  	 	  Country  	 	    App. No.    	 	  Filing Date  	 	    Patent No.    	 	  Issue Date  
	 Horizon Global Americas

Inc.
	 	Published	 	DUAL WIND JACK	 	PCT	 	CA	 	2,897,213	 	28-Feb-2014	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Published	 	ONE-PIECE RAMP	 	ORD	 	CA	 	2,852,782	 	30-May-2014	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Published	 	FOLDING WRENCH ASSEMBLY	 	ORD	 	CA	 	2,932,382	 	08-Jun-2016	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Published	 	HITCH MOUNT ASSEMBLY	 	PCT	 	CN	 	201680033149.7	 	15-Apr-2016	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Pending	 	DUAL WIND JACK	 	DIV	 	MX	 	MX/a/2018/009146	 	26-Jul-2018	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Pending	 	DUAL WIND JACK	 	PCT	 	MX	 	2015/011136	 	28-Feb-2014	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Granted	 	ONE-PIECE RAMP	 	ORD	 	MX	 	2014/006576	 	02-Jun-2014	 	349880	 	16-Aug-2017
	 Horizon Global Americas

Inc.
	 	Pending	 	FOLDING WRENCH ASSEMBLY	 	ORD	 	MX	 	MX/a/2016/007428	 	07-Jun-2016	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Granted	 	ECONOMY CAST ALUMINUM RATCHET FOR 1” WIDE WEBBING	 	DES	 	AR	 	86.243	 	31-Oct-2013	 	86243	 	31-Oct-2013
	 Horizon Global Americas

Inc.
	 	Granted	 	UNIVERSAL JACK MOUNTS	 	DES	 	CA	 	170059	 	19-Aug-2016	 	170059	 	20-Oct-2017
	 Horizon Global Americas

Inc.
	 	Granted	 	JUMBO DEBRIS PAN	 	DES	 	CA	 	134721	 	26-Mar-2010	 	134721	 	08-Nov-2010
	 Horizon Global Americas

Inc.
	 	Granted	 	RATCHET	 	DES	 	CA	 	174087	 	07-Apr-2017	 	174087	 	29-May-2018
	 Horizon Global Americas

Inc.
	 	Granted	 	RATCHET	 	DDV	 	CA	 	178894	 	07-Apr-2017	 	178894	 	29-May-2018
	 Horizon Global Americas

Inc.
	 	Granted	 	RATCHET	 	DDV	 	CA	 	179194	 	07-Apr-2017	 	179194	 	29-May-2018
	 Horizon Global Americas

Inc.
	 	Granted	 	RATCHET	 	DDV	 	CA	 	179195	 	07-Apr-2017	 	179195	 	29-May-2018
	 Horizon Global Americas

Inc.
	 	Granted	 	RATCHET	 	DES	 	CA	 	179192	 	31-Mar-2017	 	179192	 	29-May-2018
	 Horizon Global Americas

Inc.
	 	Granted	 	RATCHET	 	DDV	 	CA	 	179193	 	07-Apr-2017	 	179193	 	29-May-2018
	 Horizon Global Americas

Inc.
	 	Granted	 	RATCHET	 	DES	 	CA	 	178893	 	31-Mar-2017	 	178893	 	29-May-2018
	 Horizon Global Americas

Inc.
	 	Granted	 	UNIVERSAL HITCH MOUNT BRACKET	 	DES	 	CN	 	201630046230.1	 	17-Feb-2016	 	ZL201630046230.1	 	23-Nov-2016

																	
	Owner	 	Status	 	Title	 	Case Type	 	Country	 	App. No.	 	Filing Date	 	Patent No.	 	Issue Date
	 Horizon Global Americas

Inc.
	 	Granted	 	UNIVERSAL JACK MOUNTS	 	DES	 	CN	 	201630475970.7	 	20-Sep-2016	 	ZL201630475970.7	 	07-Jul-2017
	 Horizon Global Americas

Inc.
	 	Granted	 	RATCHET	 	DES	 	CN	 	201730111878.7	 	07-Apr-2017	 	ZL201730111878.7	 	23-Jan-2018
	 Horizon Global Americas

Inc.
	 	Granted	 	UNIVERSAL JACK MOUNTS	 	DES	 	MX	 	MX/f/2016/002880	 	20-Sep-2016	 	53950	 	31-Oct-2018
	 Horizon Global Americas

Inc.
	 	Pending	 	RATCHET	 	DDV	 	MX	 	MX/f/2018/002388	 	16-Aug-2018	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Granted	 	RATCHET	 	DES	 	MX	 	MX/f/2017/001030	 	07-Apr-2017	 	54211	 	21-Nov-2018
	 Horizon Global Americas

Inc.
	 	Published	 	ARTICULATING COUPLER	 	ORD	 	CA	 	2,951,861	 	16-Dec-2016	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Published	 	ARTICULATING COUPLER	 	ORD	 	MX	 	2016/016759	 	15-Dec-2016	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Granted	 	ONE PIECE FORMED HITCH BALL MOUNT	 	PCT	 	AU	 	2012238262	 	09-Oct-2012	 	2012238262	 	25-Aug-2016
	 Horizon Global Americas

Inc.
	 	Granted	 	HITCH STEP ASSEMBLY	 	PCT	 	AU	 	2013202600	 	03-Apr-2013	 	2013202600	 	03-Apr-2013
	 Horizon Global Americas

Inc.
	 	Granted	 	COUPLER LOCK	 	DES	 	AU	 	201410987	 	04-Mar-2014	 	AU 354445	 	20-Mar-2014
	 Horizon Global Americas

Inc.
	 	Granted	 	COUPLER LOCK	 	DES	 	AU	 	201410986	 	04-Mar-2014	 	AU 354444	 	20-Mar-2014
	 Horizon Global Americas

Inc.
	 	Granted	 	HITCH ADAPTER	 	ORD	 	BR	 	BR302015005036-5	 	04-Nov-2015	 	BR302015005036-5	 	16-May-2017
	 Horizon Global Americas

Inc.
	 	Granted	 	HITCH ADAPTER	 	DDV	 	BR	 	BR322017000351-9	 	27-Jan-2017	 	BR322017000351-9	 	23-Jan-2018
	 Horizon Global Americas

Inc.
	 	Granted	 	HITCH ADAPTER	 	DDV	 	BR	 	BR322017000335-7	 	27-Jan-2017	 	BR322017000335-7	 	21-Nov-2017
	 Horizon Global Americas

Inc.
	 	Published	 	ONE PIECE FORMED HITCH BALL MOUNT	 	PCT	 	BR	 	BR112014008937-0	 	11-Oct-2012	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Published	 	HITCH STEP ASSEMBLY	 	PCT	 	BR	 	BR112014025467-2	 	03-Apr-2013	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Granted	 	HITCH BALL MOUNT	 	DES	 	BR	 	3020120067006	 	21-Dec-2012	 	BR302012006700-6	 	14-Nov-2017
	 Horizon Global Americas

Inc.
	 	Published	 	HITCH STEP	 	DDV	 	BR	 	BR322015000748-9	 	18-Feb-2015	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Pending	 	HITCH STEP WITH LIGHT	 	DES	 	BR	 	BR302014001815-9	 	24-Apr-2014	 	 	 	 

																	
	Owner	 	  Status  	 	Title	 	  Case Type  	 	  Country  	 	    App. No.    	 	  Filing Date  	 	    Patent No.    	 	  Issue Date  
	 Horizon Global Americas

Inc.
	 	Granted	 	MOUNTING BRACKET FOR TRAILER WIRING CONNECTOR	 	ORD	 	CA	 	2,687,855	 	08-Dec-2009	 	2687855	 	02-May-2017
	 Horizon Global Americas

Inc.
	 	Granted	 	ADJUSTABLE TARP STRAP	 	ORD	 	CA	 	2,709,666	 	13-Jul-2010	 	2,709,666	 	30-May-2017
	 Horizon Global Americas

Inc.
	 	Granted	 	ADAPTER 7-WAY BLADE TO 7-WAY ROUND	 	DES	 	CA	 	143995	 	12-Jan-2012	 	143995	 	24-Oct-2012
	 Horizon Global Americas

Inc.
	 	Granted	 	 HITCH BALL MOUNT AND METHOD OF FORMING THE HITCH BALL

MOUNT
	 	PCT	 	CA	 	2,852,040	 	11-Oct-2012	 	2852040	 	13-Dec-2016
	 Horizon Global Americas

Inc.
	 	Granted	 	ANCHOR POINT CLAMPING SYSTEM	 	DES	 	CA	 	145306	 	16-Apr-2012	 	145306	 	29-Apr-2013
	 Horizon Global Americas

Inc.
	 	Granted	 	ANCHOR POINT CLAMPING SYSTEM	 	DDV	 	CA	 	149424	 	16-Apr-2012	 	149424	 	29-Apr-2013
	 Horizon Global Americas

Inc.
	 	Published	 	HITCH STEP ASSEMBLY	 	PCT	 	CA	 	2,870,277	 	03-Apr-2013	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Granted	 	RATCHET HANDLE ASSEMBLY	 	DES	 	CA	 	148409	 	08-Nov-2012	 	148409	 	15-Jul-2014
	 Horizon Global Americas

Inc.
	 	Granted	 	RATCHET HANDLE ASSEMBLY	 	DDV	 	CA	 	157402	 	26-Jun-2014	 	157402	 	15-Jul-2014
	 Horizon Global Americas

Inc.
	 	Granted	 	RATCHET HANDLE ASSEMBLY	 	DDV	 	CA	 	155223	 	19-Feb-2014	 	155223	 	15-Jul-2014
	 Horizon Global Americas

Inc.
	 	Granted	 	HITCH BALL MOUNT	 	DDV	 	CA	 	154493	 	21-Dec-2012	 	154493	 	16-Jan-2015
	 Horizon Global Americas

Inc.
	 	Granted	 	HITCH BALL MOUNT	 	DDV	 	CA	 	157406	 	27-Jun-2014	 	157406	 	16-Jan-2015
	 Horizon Global Americas

Inc.
	 	Granted	 	HITCH BALL MOUNT	 	DDV	 	CA	 	160177	 	21-Dec-2012	 	160177	 	16-Jan-2015
	 Horizon Global Americas

Inc.
	 	Granted	 	HITCH BALL MOUNT	 	DDV	 	CA	 	160178	 	21-Dec-2012	 	160178	 	16-Jan-2015
	 Horizon Global Americas

Inc.
	 	Granted	 	HITCH BALL MOUNT	 	DES	 	CA	 	149169	 	21-Dec-2012	 	149169	 	16-Jan-2015
	 Horizon Global Americas

Inc.
	 	Published	 	ADJUSTABLE FLEXIBLE CARGO STRAP	 	ORD	 	CA	 	2,819,914	 	03-Jul-2013	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Published	 	POINT OF SALE PACKAGING	 	PCT	 	CA	 	2,922,103	 	22-Aug-2014	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Granted	 	CARABINEER TOW HOOK	 	DES	 	CA	 	169735	 	29-Jul-2016	 	169735	 	24-May-2017
	 Horizon Global Americas

Inc.
	 	Granted	 	CARABINEER TOW HOOK	 	DDV	 	CA	 	172786	 	29-Jul-2016	 	172786	 	24-May-2017

																	
	Owner	 	Status	 	Title	 	Case Type	 	Country	 	App. No.	 	Filing Date	 	Patent No.	 	Issue Date
	 Horizon Global Americas

Inc.
	 	Granted	 	SELF ADJUSTING RAMP TOP PLATE	 	ORD	 	CN	 	1210388712.6	 	15-Oct-2012	 	ZL201210388712.6	 	21-Dec-2016
	 Horizon Global Americas

Inc.
	 	Granted	 	SELF ADJUSTING RAMP TOP PLATE	 	UTM	 	CN	 	201220525155.3	 	15-Oct-2012	 	1220525155.	 	04-Sep-2013
	 Horizon Global Americas

Inc.
	 	Granted	 	ONE PIECE FORMED HITCH BALL MOUNT	 	PCT	 	CN	 	201280060747.5	 	09-Jun-2014	 	ZL201280060747.5	 	19-Jan-2018
	 Horizon Global Americas

Inc.
	 	Granted	 	HITCH STEP ASSEMBLY	 	PCT	 	CN	 	201390000548.5	 	03-Apr-2013	 	ZL201390000548.5	 	23-Dec-2015
	 Horizon Global Americas

Inc.
	 	Granted	 	RATCHET HANDLE ASSEMBLY	 	DES	 	CN	 	1230541043.2	 	08-Nov-2012	 	1230541043.	 	11-Sep-2013
	 Horizon Global Americas

Inc.
	 	Granted	 	HITCH BALL MOUNT	 	DES	 	CN	 	1230649636.0	 	24-Dec-2012	 	1230649636	 	05-Jun-2013
	 Horizon Global Americas

Inc.
	 	Granted	 	ADJUSTABLE FLEXIBLE CARGO STRAP	 	ORD	 	CN	 	1310276553.5	 	03-Jul-2013	 	ZL 201310276553.5	 	28-Nov-2017
	 Horizon Global Americas

Inc.
	 	Published	 	DUAL WIND JACK	 	PCT	 	CN	 	201480011613.3	 	28-Feb-2014	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Published	 	POINT OF SALE PACKAGING	 	PCT	 	CN	 	201480058410.X	 	22-Aug-2014	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Granted	 	CARABINEER TOW HOOK	 	DES	 	CN	 	201630497529.9	 	10-Oct-2016	 	ZL201630497529.9	 	12-Apr-2017
	 Horizon Global Americas

Inc.
	 	Granted	 	ADAPTER 7-WAY BLADE TO 7-WAY ROUND	 	DES	 	MX	 	2012/000136	 	12-Jan-2012	 	37876	 	09-Jan-2013
	 Horizon Global Americas

Inc.
	 	Pending	 	ONE PIECE FORMED HITCH BALL MOUNT	 	DIV	 	MX	 	2016/010438	 	11-Aug-2016	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Granted	 	ONE PIECE FORMED HITCH BALL MOUNT	 	PCT	 	MX	 	2014/004431	 	11-Oct-2012	 	341242	 	12-Aug-2016
	 Horizon Global Americas

Inc.
	 	Granted	 	HITCH STEP ASSEMBLY	 	PCT	 	MX	 	2014/012220	 	03-Apr-2013	 	348157	 	31-May-2017
	 Horizon Global Americas

Inc.
	 	Granted	 	HITCH BALL MOUNT	 	DDV	 	MX	 	MX/f/2016/001128	 	12-Apr-2016	 	48389	 	23-Nov-2016
	 Horizon Global Americas

Inc.
	 	Granted	 	HITCH BALL MOUNT	 	DDV	 	MX	 	2015/001025	 	07-Jan-2013	 	46694	 	13-Apr-2016
	 Horizon Global Americas

Inc.
	 	Granted	 	HITCH BALL MOUNT	 	DDV	 	MX	 	2014/000582	 	20-Feb-2014	 	43684	 	27-Mar-2015
	 Horizon Global Americas

Inc.
	 	Granted	 	HITCH BALL MOUNT	 	DES	 	MX	 	2013/000012	 	07-Jan-2013	 	41101	 	21-Feb-2014
	 Horizon Global Americas

Inc.
	 	Pending	 	POINT OF SALE PACKAGING	 	PCT	 	MX	 	MX/a/2016/002316	 	22-Feb-2016	 	 	 	 

																	
	Owner	 	  Status  	 	Title	 	  Case Type  	 	  Country  	 	  App. No.  	 	  Filing Date  	 	    Patent No.    	 	  Issue Date  
	 Horizon Global Americas

Inc.
	 	Pending	 	POINT OF SALE PACKAGING	 	DDV	 	MX	 	MX/f/2017/002819	 	25-Sep-2017	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Granted	 	POINT OF SALE PACKAGING	 	DDV	 	MX	 	MX/f/2017/000968	 	30-Mar-2017	 	53996	 	07-Nov-2018
	 Horizon Global Americas

Inc.
	 	Granted	 	CARABINEER TOW HOOK	 	DES	 	MX	 	2016/003937	 	07-Dec-2016	 	50917	 	29-Sep-2017
	 Horizon Global Americas

Inc.
	 	Granted	 	BASKET FOR A VEHICLE	 	DES	 	MX	 	MX/f/2017/000543	 	22-Feb-2017	 	53004	 	11-Jun-2018
	 Horizon Global Americas

Inc.
	 	Granted	 	ONE PIECE FORMED HITCH BALL MOUNT	 	PCT	 	NZ	 	621975	 	11-Oct-2012	 	621975	 	01-Jul-2016
	 Horizon Global Americas

Inc.
	 	Published	 	CURRENT SENSING ELECTRICAL CONVERTER	 	PCT	 	BR	 	BR112014009068-8	 	12-Oct-2012	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Published	 	CURRENT SENSING ELECTRICAL CONVERTER	 	PCT	 	CA	 	2,852,076	 	12-Oct-2012	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Published	 	CURRENT SENSING ELECTRICAL CONVERTER	 	PCT	 	EP	 	12839659.5	 	12-Oct-2012	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Granted	 	CURRENT SENSING ELECTRICAL CONVERTER	 	PCT	 	MX	 	2014/004430	 	12-Oct-2012	 	334595	 	05-Nov-2015
	 Horizon Global Americas

Inc.
	 	Granted	 	AUTO-ROLL FIFTH WHEEL HITCH	 	ORD	 	AU	 	2014201538	 	14-Mar-2014	 	2014201538	 	24-Aug-2017
	 Horizon Global Americas

Inc.
	 	Published	 	SNUG-TITE LOCKING HITCH PIN	 	ORD	 	BR	 	BR102014010878-5	 	06-May-2014	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Published	 	JACK WITH SELF-LOCATING ENGAGEMENT DEVICE	 	ORD	 	CA	 	2,873,590	 	05-Dec-2014	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Published	 	ADJUSTABLE CHANNEL TRAILER MOUNT	 	ORD	 	CA	 	2,891,729	 	15-May-2015	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Published	 	HEAVY DUTY 3” BALL ADJUSTABLE GOOSENECK COUPLER	 	ORD	 	CA	 	2,881,298	 	06-Feb-2015	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Published	 	LARGE POWERED JACK	 	ORD	 	CA	 	2,920,659	 	11-Feb-2016	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Published	 	STEADI-FLEX WEIGHT DISTRIBUTION SYSTEM	 	ORD	 	CA	 	2,845,715	 	13-Mar-2014	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Published	 	ANTI-RATTLE DEVICE WITH HITCH COVER	 	ORD	 	CA	 	2,863,945	 	17-Sep-2014	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Published	 	SAFETY CHAIN TIE DOWN APPARATUS	 	ORD	 	CA	 	2,866,442	 	02-Oct-2014	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Published	 	BIKE CARRIER	 	PCT	 	CN	 	201580060183.9	 	08-Sep-2015	 	 	 	 

																	
	Owner	 	  Status  	 	Title	 	  Case Type  	 	  Country  	 	  App. No.  	 	  Filing Date  	 	    Patent No.    	 	  Issue Date  
	 Horizon Global Americas

Inc.
	 	Published	 	BIKE CARRIER	 	PCT	 	EP	 	15767385.6	 	08-Sep-2015	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Pending	 	 COMMUNICATION DEVICE, SYSTEM, AND METHOD FOR ACTIVE

CONTROL OF EXTERNAL VEHICLE COMPONENTS
	 	PCT	 	CN	 	 	 	17-Jan-2019	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Pending	 	 COMMUNICATION DEVICE, SYSTEM, AND METHOD FOR ACTIVE

CONTROL OF EXTERNAL VEHICLE COMPONENTS
	 	PCT	 	NZ	 	749090	 	07-Dec-2018	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Granted	 	2-SPEED WINCH ASSEMBLY	 	ORD	 	AU	 	2011202191	 	11-May-2011	 	2011202191	 	30-Apr-2015
	 Horizon Global Americas

Inc.
	 	Granted	 	INTEGRATED WINCHHEAD	 	DES	 	AU	 	14855/2010	 	11-Nov-2010	 	335,053	 	11-Feb-2011
	 Horizon Global Americas

Inc.
	 	Granted	 	INTEGRATED WINCHHEAD	 	DES	 	AU	 	10119/2011	 	11-Nov-2010	 	335,069	 	11-Feb-2011
	 Horizon Global Americas

Inc.
	 	Granted	 	INTEGRATED WINCHHEAD	 	DES	 	AU	 	10120/2011	 	11-Nov-2010	 	335,070	 	11-Feb-2011
	 Horizon Global Americas

Inc.
	 	Granted	 	GOOSENECK COUPLER WITH SLIDEABLE STYLE LOCKING PLATES	 	ORD	 	AU	 	2012200969	 	20-Feb-2012	 	2012200969	 	20-Feb-2015
	 Horizon Global Americas

Inc.
	 	Granted	 	GOOSENECK COUPLER WITH SLIDEABLE STYLE LOCKING PLATES	 	ORD	 	AU	 	2012200972	 	20-Feb-2012	 	2012200972	 	09-Feb-2015
	 Horizon Global Americas

Inc.
	 	Granted	 	LARGE POWERED JACK	 	DES	 	AU	 	201516917	 	18-Dec-2015	 	367,863	 	23-Mar-2016
	 Horizon Global Americas

Inc.
	 	Granted	 	FIFTH WHEEL HITCH ISOLATION SYSTEM	 	ORD	 	AU	 	2011205000	 	26-Jul-2011	 	2011205000	 	14-May-2015
	 Horizon Global Americas

Inc.
	 	Granted	 	FIFTH WHEEL HITCH RETENTION SYSTEM	 	ORD	 	AU	 	2011205003	 	26-Jul-2011	 	2011205003	 	07-May-2015
	 Horizon Global Americas

Inc.
	 	Granted	 	FIFTH WHEEL HITCH	 	DES	 	AU	 	11290/2011	 	27-Jan-2011	 	335,722	 	31-Mar-2011
	 Horizon Global Americas

Inc.
	 	Granted	 	FIFTH WHEEL HITCH SKID PLATE COVER	 	DES	 	AU	 	11439/2011	 	27-Jan-2011	 	335,887	 	06-Apr-2011
	 Horizon Global Americas

Inc.
	 	Granted	 	FIFTH WHEEL HITCH SKID PLATE COVER	 	DES	 	AU	 	11440/2011	 	27-Jan-2011	 	335,888	 	06-Apr-2011
	 Horizon Global Americas

Inc.
	 	Granted	 	FIFTH WHEEL HITCH SKID PLATE COVER	 	DES	 	AU	 	10187/2011	 	27-Jan-2011	 	335,886	 	06-Apr-2011
	 Horizon Global Americas

Inc.
	 	Granted	 	FIFTH WHEEL HITCH SKID PLATE COVER	 	ORD	 	AU	 	2011205001	 	26-Jul-2011	 	2011205001	 	07-May-2015
	 Horizon Global Americas

Inc.
	 	Granted	 	TRAILER SIGNAL CONVERTER	 	ORD	 	AU	 	2014224016	 	03-Mar-2014	 	2014224016	 	10-May-2018
	 Horizon Global Americas

Inc.
	 	Pending	 	TRAILER SIGNAL CONVERTER	 	DIV	 	AU	 	2018202829	 	24-Apr-2018	 	 	 	 

																	
	Owner	 	  Status  	 	Title	 	  Case Type  	 	  Country  	 	  App. No.  	 	  Filing Date  	 	    Patent No.    	 	  Issue Date  
	 Horizon Global Americas

Inc.
	 	Published	 	TRUNK MOUNTED BIKE CARRIER	 	PCT	 	BR	 	1120120120891	 	19-Nov-2010	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Pending	 	BIKE RACK	 	PCT	 	BR	 	112012033654	 	01-Jul-2011	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Published	 	PIN BOX ASSEMBLY WITH GOOSENECK COUPLER	 	PCT	 	BR	 	BR112013008637-8	 	21-Sep-2011	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Published	 	CARGO ACCESSORY FOLDING MECHANISM	 	PCT	 	BR	 	BR112014002833-8	 	01-Aug-2012	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Pending	 	CARGO ACCESSORY FOLDING MECHANISM	 	DIV	 	BR	 	BR122015018573-4	 	03-Aug-2015	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Published	 	TRAILER SIGNAL CONVERTER	 	ORD	 	BR	 	102013011957	 	14-May-2013	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Published	 	TRAILER SIGNAL CONVERTER (2015)	 	ORD	 	BR	 	BR112015021241-7	 	03-Mar-2014	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Granted	 	GOOSENECK COUPLER	 	ORD	 	CA	 	2,762,449	 	16-Dec-2011	 	2762449	 	22-Jan-2019
	 Horizon Global Americas

Inc.
	 	Granted	 	INTEGRATED WINCHHEAD	 	DES	 	CA	 	137887	 	12-Nov-2010	 	137887	 	25-Jul-2011
	 Horizon Global Americas

Inc.
	 	Published	 	GOOSENECK COUPLER WITH SLIDEABLE STYLE LOCKING PLATES	 	DIV	 	CA	 	3,025,861	 	29-Nov-2018	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Granted	 	GOOSENECK COUPLER WITH SLIDEABLE STYLE LOCKING PLATES	 	ORD	 	CA	 	2,768,230	 	16-Feb-2012	 	2768230	 	15-Jan-2019
	 Horizon Global Americas

Inc.
	 	Published	 	UNIVERSAL MOUNTING BRACKET FOR AN ADAPTABLE HITCH COVER	 	ORD	 	CA	 	2,820,301	 	05-Jul-2013	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Published	 	TRAILER SIGNAL CONVERTER	 	ORD	 	CA	 	2,815,743	 	14-May-2013	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Published	 	TRAILER SIGNAL CONVERTER (2015)	 	ORD	 	CA	 	2,903,371	 	03-Mar-2014	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Granted	 	INTEGRATED WINCHHEAD	 	DES	 	CN	 	1030612530.4	 	11-Nov-2010	 	301793986S	 	11-Jan-2012
	 Horizon Global Americas

Inc.
	 	Published	 	WINCH ASSEMBLY	 	PCT	 	CN	 	201180066639.4	 	01-Dec-2011	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Pending	 	XLT JACK	 	DIV	 	CN	 	201811628701.4	 	28-Dec-2018	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Granted	 	XLT JACK	 	ORD	 	CN	 	201410273596.2	 	18-Jun-2014	 	104228784	 	15-Jan-2019
	 Horizon Global Americas

Inc.
	 	Granted	 	FIFTH WHEEL HITCH	 	DES	 	CN	 	1130015695.8	 	26-Jan-2011	 	301785050S	 	04-Jan-2012

																	
	Owner	 	Status	 	Title	 	Case Type	 	Country	 	App. No.	 	Filing Date	 	Patent No.	 	Issue Date
	 Horizon Global Americas

Inc.
	 	Granted	 	FIFTH WHEEL HITCH SKID PLATE COVER	 	DES	 	CN	 	1130015701.X	 	26-Jan-2011	 	301727919S	 	16-Nov-2011
	 Horizon Global Americas

Inc.
	 	Granted	 	TRAILER SIGNAL CONVERTER	 	ORD	 	MX	 	2013/005355	 	13-May-2013	 	332008	 	29-Jul-2015
	 Horizon Global Americas

Inc.
	 	Granted	 	TRAILER SIGNAL CONVERTER (2015)	 	PCT	 	MX	 	2015/011439	 	03-Mar-2014	 	347769	 	12-May-2017
	 Horizon Global Americas

Inc.
	 	Pending	 	TRAILER SIGNAL CONVERTER (2015)	 	DIV	 	MX	 	MX/a/2017/006199	 	11-May-2017	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Granted	 	TOWING ASSEMBLY	 	ORD	 	AU	 	2004205079	 	17-Aug-2004	 	2004205079	 	17-Feb-2011
	 Horizon Global Americas

Inc.
	 	Granted	 	TOWING ASSEMBLY	 	DIV	 	AU	 	2011200486	 	17-Aug-2004	 	2011200486	 	10-Oct-2013
	 Horizon Global Americas

Inc.
	 	Granted	 	ADJUSTABLE TOWING HITCH ASSEMBLY	 	ORD	 	CA	 	2,324,774	 	31-Oct-2000	 	2,324,774	 	15-Sep-2009
	 Horizon Global Americas

Inc.
	 	Granted	 	UNDERBED HITCH MOUNTING SYSTEM	 	ORD	 	CA	 	2,684,201	 	30-Oct-2009	 	2684201	 	25-Apr-2017
	 Horizon Global Americas

Inc.
	 	Granted	 	PIN BOX ASSEMBLY FOR TRAILER	 	EPP	 	DE	 	07754617.4	 	30-Mar-2007	 	2032422	 	14-Sep-2011
	 Horizon Global Americas

Inc.
	 	Granted	 	PIN BOX ASSEMBLY FOR TRAILER	 	PCT	 	EP	 	07754617.4	 	12-Jan-2009	 	2032422	 	14-Sep-2011
	Horizon Global Americas Inc.	 	Granted	 	PIN BOX ASSEMBLY FOR TRAILER	 	EPP	 	FR	 	07754617.4	 	30-Mar-2007	 	2032422	 	14-Sep-2011
	 Horizon Global Americas

Inc.
	 	Granted	 	PIN BOX ASSEMBLY FOR TRAILER	 	EPP	 	GB	 	07754617.4	 	30-Mar-2007	 	2032422	 	14-Sep-2011
	 Horizon Global Americas

Inc.
	 	Granted	 	MULTI-SPEED DROP LEG MECHANICAL JACK FOR USE WITH A TRAILER	 	ORD	 	CA	 	2,531,272	 	21-Dec-2005	 	2,531,272	 	16-Mar-2010
	 Horizon Global Americas

Inc.
	 	Granted	 	GOOSENECK COUPLER HAVING AN ANTI-RATTLE DEVICE	 	ORD	 	CA	 	2,590,448	 	30-May-2007	 	2,590,448	 	26-Apr-2011
	 Horizon Global Americas

Inc.
	 	Granted	 	WINCH HANDLE	 	DES	 	EM	 	001072839	 	20-Jan-2009	 	001072839-1	 	20-Jan-2009
	 Horizon Global Americas

Inc.
	 	Granted	 	WINCH HANDLE	 	DES	 	EM	 	001072839	 	20-Jan-2009	 	001072839-2	 	20-Jan-2009
	 Horizon Global Americas

Inc.
	 	Granted	 	2 SPEED XLT (WINCH COVER)	 	DES	 	EM	 	001072847	 	20-Jan-2009	 	001072847-1	 	20-Jan-2009
	 Horizon Global Americas

Inc.
	 	Pending	 	CREEPER ASSEMBLY	 	PCT	 	AU	 	2017281899	 	15-Jan-2019	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Pending	 	ANTI-RATTLE DEVICE FOR TRAILER HITCH	 	PCT	 	AU	 	 	 	07-Feb-2019	 	 	 	 

																	
	Owner	 	Status	 	Title	 	Case Type	 	Country	 	App. No.	 	Filing Date	 	Patent No.	 	Issue Date
	 Horizon Global Americas

Inc.
	 	Pending	 	CARGO CARRIER ASSEMBLY WITH HINGE MECHANISM	 	PCT	 	CN	 	 	 	08-Jan-2019	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Pending	 	VEHICLE ROOF BOX WITH CENTRAL, EXTERNAL ATTACHMENT SYSTEM	 	PCT	 	EP	 	17739814.6	 	09-Jan-2019	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Pending	 	UNDERBED HITCH MOUNTING SYSTEM	 	PCT	 	MX	 	MX/a/2018/013079	 	25-Oct-2018	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Pending	 	CREEPER ASSEMBLY	 	PCT	 	MX	 	MX/a/2019/000041	 	07-Jan-2019	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Granted	 	WINCH HOUSING	 	DES	 	AU	 	201810159	 	10-Jan-2018	 	201810159	 	05-Feb-2018
	 Horizon Global Americas

Inc.
	 	Pending	 	ROOF RACK CROSSBAR ASSEMBLY	 	PCT	 	AU	 	2016275156	 	13-Jun-2016	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Pending	 	 COMMUNICATION DEVICE, SYSTEM, AND METHOD FOR ACTIVE

CONTROL OF EXTERNAL VEHICLE COMPONENTS
	 	PCT	 	AU	 	2017268129	 	06-Dec-2018	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Granted	 	FIFTH WHEEL HITCH	 	DDV	 	AU	 	201811853	 	27-Mar-2018	 	201811853	 	27-Apr-2018
	 Horizon Global Americas

Inc.
	 	Granted	 	FIFTH WHEEL HITCH	 	DES	 	AU	 	201810444	 	29-Jan-2018	 	201810444	 	27-Mar-2018
	 Horizon Global Americas

Inc.
	 	Granted	 	POD LIGHT FIXTURE	 	DES	 	AU	 	201715278	 	05-Sep-2017	 	2017 15 278	 	04-Dec-2017
	 Horizon Global Americas

Inc.
	 	Granted	 	POD LIGHT FIXTURE	 	DDV	 	AU	 	201717379	 	04-Dec-2017	 	2017 17 379	 	03-Jan-2018
	 Horizon Global Americas

Inc.
	 	Granted	 	COUPLER LOCK	 	DES	 	AU	 	201717337	 	30-Nov-2017	 	201717337	 	30-Nov-2017
	 Horizon Global Americas

Inc.
	 	Granted	 	WINCH HOUSING	 	DES	 	CA	 	175082	 	26-May-2017	 	175082	 	19-Feb-2018
	 Horizon Global Americas

Inc.
	 	Granted	 	WINCH HOUSING	 	DES	 	CA	 	179200	 	26-May-2017	 	179200	 	19-Feb-2018
	 Horizon Global Americas

Inc.
	 	Granted	 	WINCH HOUSING	 	DES	 	CA	 	179201	 	26-May-2017	 	179201	 	19-Feb-2018
	 Horizon Global Americas

Inc.
	 	Granted	 	 HITCH BALL MOUNT AND METHOD OF FORMING THE HITCH BALL

MOUNT
	 	DIV	 	CA	 	2,946,979	 	11-Oct-2012	 	2,946,979	 	11-Jun-2018
	 Horizon Global Americas

Inc.
	 	Granted	 	FOLDING WRENCH	 	DES	 	CA	 	175083	 	26-May-2017	 	175083	 	24-Apr-2018
	 Horizon Global Americas

Inc.
	 	Pending	 	POD LIGHT FIXTURE	 	DES	 	CA	 	177145	 	19-Sep-2017	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Granted	 	POD LIGHT FIXTURE	 	DDV	 	CA	 	182019	 	21-Jun-2018	 	182019	 	05-Dec-2018

																	
	Owner	 	  Status  	 	Title	 	  Case Type  	 	  Country  	 	  App. No.  	 	  Filing Date  	 	    Patent No.    	 	  Issue Date  
	 Horizon Global Americas

Inc.
	 	Granted	 	ORB LIGHT FIXTURE	 	DES	 	CA	 	179196	 	28-Apr-2017	 	179196	 	05-Mar-2018
	 Horizon Global Americas

Inc.
	 	Granted	 	ORB LIGHT FIXTURE	 	DES	 	CA	 	179197	 	28-Apr-2017	 	179197	 	05-Mar-2018
	 Horizon Global Americas

Inc.
	 	Granted	 	ORB LIGHT FIXTURE	 	DES	 	CA	 	179198	 	28-Apr-2017	 	179198	 	05-Mar-2018
	 Horizon Global Americas

Inc.
	 	Granted	 	ORB LIGHT FIXTURE	 	DES	 	CA	 	179199	 	28-Apr-2017	 	179199	 	05-Mar-2018
	 Horizon Global Americas

Inc.
	 	Granted	 	ORB LIGHT FIXTURE	 	DES	 	CA	 	174510	 	28-Apr-2017	 	174510	 	05-Mar-2018
	 Horizon Global Americas

Inc.
	 	Granted	 	LOADING RAMP	 	DES	 	CA	 	175221	 	05-Jun-2017	 	175221	 	27-Apr-2018
	 Horizon Global Americas

Inc.
	 	Granted	 	LOADING RAMP	 	DDV	 	CA	 	180426	 	05-Jun-2017	 	180426	 	27-Apr-2018
	 Horizon Global Americas

Inc.
	 	Pending	 	COUPLER LOCK	 	DES	 	CA	 	178438	 	30-Nov-2017	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Pending	 	PACKAGING WITH ENGAGING DEVICE	 	DES	 	CA	 	178895	 	22-Dec-2017	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Pending	 	PACKAGING WITH ENGAGING DEVICE	 	DDV	 	CA	 	185007	 	30-Nov-2018	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Pending	 	RETRACTABLE TOW STRAP REEL	 	DES	 	CA	 	178896	 	22-Dec-2017	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Pending	 	RETRACTABLE TOW STRAP CASING	 	DES	 	CA	 	178897	 	22-Dec-2017	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Pending	 	ROTATING HITCH ASSEMBLY	 	DES	 	CA	 	179886	 	21-Feb-2018	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Pending	 	ROTATING HITCH ASSEMBLY	 	DES	 	CA	 	 	 	23-Jan-2019	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Pending	 	CLEVIS AND HITCH BALL MOUNT ASSEMBLY	 	DES	 	CA	 	179880	 	21-Feb-2018	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Pending	 	COMBINED CLEVIS AND HITCH BALL MOUNT ASSEMBLY	 	DDV	 	CA	 	 	 	31-Jan-2019	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Pending	 	HOOK AND SHACKLE MOUNT ASSEMBLY	 	DES	 	CA	 	179881	 	21-Feb-2018	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Pending	 	ADJUSTABLE BALL AND CLEVIS MOUNT ASSEMBLY	 	DES	 	CA	 	179882	 	21-Feb-2018	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Pending	 	COMBINED ADJUSTABLE BALL AND CLEVIS MOUNT ASSEMBLY	 	DDV	 	CA	 	 	 	31-Jan-2019	 	 	 	 

																	
	Owner	 	Status	 	Title	 	Case Type	 	Country	 	App. No.	 	Filing Date	 	Patent No.	 	Issue Date
	 Horizon Global Americas

Inc.
	 	Pending	 	TACTICAL PIN	 	DES	 	CA	 	179884	 	21-Feb-2018	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Pending	 	HITCH BALL	 	DES	 	CA	 	179885	 	21-Feb-2018	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Pending	 	HITCH BALL	 	DDV	 	CA	 	 	 	31-Jan-2019	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Granted	 	CLEVIS SLEEVE	 	DES	 	CA	 	179883	 	21-Feb-2018	 	179883	 	07-Jan-2019
	 Horizon Global Americas

Inc.
	 	Granted	 	FOLDING WRENCH	 	DES	 	CN	 	201730215200.3	 	31-May-2017	 	ZL 201730215200.3	 	01-May-2018
	 Horizon Global Americas

Inc.
	 	Granted	 	POD LIGHT FIXTURE	 	DES	 	CN	 	201730579090.9	 	22-Nov-2017	 	ZL 201730579090.9	 	05-Jun-2018
	 Horizon Global Americas

Inc.
	 	Granted	 	LIGHT FIXTURE	 	DES	 	CN	 	201730157068.5	 	03-May-2017	 	ZL201730157068.5	 	13-Feb-2018
	 Horizon Global Americas

Inc.
	 	Granted	 	RAMP WITH TREADS	 	DES	 	CN	 	201730223690.1	 	05-Jun-2017	 	ZL 201730223690.1	 	01-May-2018
	 Horizon Global Americas

Inc.
	 	Granted	 	COUPLER LOCK	 	DES	 	CN	 	201730603424.1	 	30-Nov-2017	 	ZL 201730603424.1	 	02-Oct-2018
	 Horizon Global Americas

Inc.
	 	Granted	 	PACKAGING WITH ENGAGING DEVICE	 	DES	 	CN	 	201730662859.3	 	22-Dec-2017	 	ZL201730662859.3	 	01-Jan-2019
	 Horizon Global Americas

Inc.
	 	Granted	 	PACKAGING WITH ENGAGING DEVICE	 	DDV	 	CN	 	201830506320.3	 	10-Sep-2018	 	ZL 201830506320.3	 	01-Jan-2019
	 Horizon Global Americas

Inc.
	 	Pending	 	RETRACTABLE TOW STRAP REEL	 	DES	 	CN	 	2017306626333	 	22-Dec-2017	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Granted	 	RETRACTABLE TOW STRAP CASING	 	DES	 	CN	 	201730661959.4	 	22-Dec-2017	 	ZL 201730661959.4	 	18-Dec-2018
	 Horizon Global Americas

Inc.
	 	Pending	 	HITCH WITH KNURLED TONGUE ASSEMBLY	 	DES	 	CN	 	201830352343.3	 	03-Jul-2018	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Pending	 	CARRYING HANDLE FOR JACK	 	DES	 	CN	 	201830460986.X	 	20-Aug-2018	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Granted	 	WINCH HOUSING	 	DES	 	EM	 	004660306-0001	 	10-Jan-2018	 	004660306-0001	 	10-Jan-2018
	 Horizon Global Americas

Inc.
	 	Granted	 	WINCH HOUSING	 	DES	 	EM	 	004660306-0002	 	10-Jan-2018	 	004660306-0002	 	10-Jan-2018
	 Horizon Global Americas

Inc.
	 	Granted	 	FIFTH WHEEL HITCH	 	DES	 	EM	 	001811431-0003	 	26-Jan-2011	 	001811431	 	04-Apr-2011
	 Horizon Global Americas

Inc.
	 	Granted	 	FIFTH WHEEL HITCH	 	DES	 	EM	 	001811431-0004	 	26-Jan-2011	 	001811431	 	04-Apr-2011

																	
	Owner	 	Status	 	Title	 	Case Type	 	Country	 	App. No.	 	Filing Date	 	Patent No.	 	Issue Date
	 Horizon Global Americas

Inc.
	 	Granted	 	FIFTH WHEEL HITCH	 	DES	 	EM	 	001811431-0005	 	26-Jan-2011	 	001811431	 	04-Apr-2011
	 Horizon Global Americas

Inc.
	 	Granted	 	FIFTH WHEEL HITCH	 	DES	 	EM	 	001811431-0006	 	26-Jan-2011	 	001811431	 	04-Apr-2011
	 Horizon Global Americas

Inc.
	 	Granted	 	FIFTH WHEEL HITCH	 	DES	 	EM	 	001811431-0007	 	26-Jan-2011	 	001811431	 	04-Apr-2011
	 Horizon Global Americas

Inc.
	 	Granted	 	FIFTH WHEEL HITCH	 	DES	 	EM	 	001811431-0002	 	26-Jan-2011	 	001811431	 	04-Apr-2011
	 Horizon Global Americas

Inc.
	 	Granted	 	FIFTH WHEEL HITCH SKID PLATE COVER	 	DES	 	EM	 	001811431-0001	 	26-Jan-2011	 	001811431	 	04-Apr-2011
	 Horizon Global Americas

Inc.
	 	Granted	 	FIFTH WHEEL HITCH	 	DES	 	EM	 	004684272-0002	 	29-Jan-2018	 	004684272-0002	 	29-Jan-2018
	 Horizon Global Americas

Inc.
	 	Granted	 	FIFTH WHEEL HITCH	 	DES	 	EM	 	004684272-0001	 	29-Jan-2018	 	004684272-0001	 	29-Jan-2018
	 Horizon Global Americas

Inc.
	 	Granted	 	COUPLING FOR VEHICLE	 	DES	 	EM	 	005268570	 	15-May-2018	 	005268570-0001	 	15-May-2018
	 Horizon Global Americas

Inc.
	 	Pending	 	 COMMUNICATION DEVICE, SYSTEM, AND METHOD FOR ACTIVE

CONTROL OF EXTERNAL VEHICLE COMPONENTS
	 	PCT	 	EP	 	17725064.4	 	20-Nov-2018	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Pending	 	LIGHT FIXTURE ASSEMBLY FOR CREEPER ASSEMBLY	 	PCT	 	EP	 	17735736.5	 	09-Jan-2019	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Pending	 	ANTI-RATTLE DEVICE FOR TRAILER HITCH	 	PCT	 	EP	 	17840035.4	 	12-Feb-2019	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Published	 	LOAD SUPPORT SYSTEM FOR VEHICLE ROOF (WITTER)	 	PCT	 	EP	 	16860741.4	 	07-May-2018	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Pending	 	ORB LIGHT FIXTURE	 	DES	 	MX	 	MX/f/2017/001261	 	02-May-2017	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Granted	 	RAMP WITH TREADS	 	DES	 	MX	 	MX/f/2017/001533	 	05-Jun-2017	 	54426	 	17-Dec-2018
	 Horizon Global Americas

Inc.
	 	Pending	 	RAMP WITH TREADS	 	DDV	 	MX	 	MX/f/2018/002402	 	16-Aug-2018	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Pending	 	COUPLER LOCK	 	DES	 	MX	 	MX/f/2017/003738	 	29-Nov-2017	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Pending	 	PACKAGING WITH ENGAGING DEVICE	 	DES	 	MX	 	MX/f/2017/004221	 	20-Dec-2017	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Pending	 	RETRACTABLE TOW STRAP REEL	 	DES	 	MX	 	MX/f/2017/004222	 	20-Dec-2017	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Pending	 	RETRACTABLE TOW STRAP CASING	 	DES	 	MX	 	MX/f/2017/004220	 	20-Dec-2017	 	 	 	 

																	
	Owner	 	Status	 	Title	 	Case Type	 	Country	 	App. No.	 	Filing Date	 	Patent No.	 	Issue Date
	 Horizon Global Americas

Inc.
	 	Granted	 	WINCH HOUSING	 	DES	 	NZ	 	423917	 	10-Jan-2018	 	423917	 	28-Feb-2018
	 Horizon Global Americas

Inc.
	 	Pending	 	ROOF RACK CROSSBAR ASSEMBLY	 	PCT	 	NZ	 	739034	 	13-Jun-2016	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Granted	 	FIFTH WHEEL HITCH	 	DDV	 	NZ	 	424003	 	29-Jan-2018	 	424003	 	28-Feb-2018
	 Horizon Global Americas

Inc.
	 	Granted	 	FIFTH WHEEL HITCH	 	DES	 	NZ	 	424002	 	29-Jan-2018	 	424002	 	28-Feb-2018
	 Horizon Global Americas

Inc.
	 	Granted	 	POD LIGHT FIXTURE	 	DES	 	NZ	 	423,447	 	05-Sep-2017	 	423,447	 	13-Jul-2017
	 Horizon Global Americas

Inc.
	 	Granted	 	POD LIGHT FIXTURE	 	DDV	 	NZ	 	424,589	 	19-Jun-2018	 	424,589	 	13-Jul-2017
	 Horizon Global Americas

Inc.
	 	Granted	 	COUPLER LOCK	 	DES	 	NZ	 	423781	 	30-Nov-2017	 	423781	 	01-Feb-2018
	HORIZON GLOBAL CORP	 	Pending	 	LOAD SUPPORT SYSTEM FOR VEHICLE ROOF (WITTER)	 	PCT	 	AU	 	2016344069	 	22-May-2018	 	 	 	 
	HORIZON GLOBAL CORP	 	Pending	 	LOAD SUPPORT SYSTEM FOR VEHICLE ROOF (WITTER)	 	PCT	 	NZ	 	742795	 	 	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Published	 	XLT JACK	 	ORD	 	CA	 	2,854,616	 	17-Jun-2014	 	 	 	 
	 Horizon Global Americas

Inc.
	 	Granted	 	LOCKING HITCH BALL	 	DES	 	FR	 	971223	 	27-Feb-1997	 	971223	 	27-Feb-1997

 TRADEMARKS 

[See attached]. 

															
	Owner	 	Status	 	Trademark	 	Country	 	App. No.	 	Filing Date	 	Reg. No.	 	Reg. Date
	 Horizon Global Americas Inc.
	 	
Registered
	 	CARBON FORGED	 	
BR
	 	908390700	 	03-Oct-2014	 	908390700	 	
11-Apr-2017

	 Horizon Global Americas Inc.
	 	
Registered
	 	CARBON FORGED	 	
CA
	 	1696194	 	01-Oct-2014	 	TMA960045	 	
12-Jan-2017

	 Horizon Global Americas Inc.
	 	
Registered
	 	FAT STRAP	 	
CA
	 	1715297	 	13-Feb-2015	 	TMA941310	 	
20-Jun-2016

	 Horizon Global Americas Inc.
	 	
Registered
	 	FAT STRAP	 	
CN
	 	16382055	 	13-Feb-2015	 	16382055	 	
21-Apr-2016

	 Horizon Global Americas Inc.
	 	
Registered
	 	FAT STRAP	 	
MX
	 	1577566	 	12-Feb-2015	 	1636867	 	
09-May-2016

	 Horizon Global Americas Inc.
	 	
Registered
	 	HIGHLAND	 	
TW
	 	97051884	 	10-Nov-2008	 	1450764	 	
16-Jan-2011

	 Horizon Global Americas Inc.
	 	
Registered
	 	HIGHLAND (in Chinese Characters)	 	
TW
	 	97051889	 	10-Nov-2008	 	1433985	 	
01-Oct-2010

	 Horizon Global Americas Inc.
	 	
Registered
	 	IFIT	 	
IN
	 	2349169	 	15-Jun-2012	 	2349169	 	
22-Nov-2016

	 Horizon Global Americas Inc.
	 	
Registered
	 	ROLA (in Chinese Characters)	 	
TW
	 	97051891	 	10-Nov-2008	 	1393417	 	
01-Jan-2010

	 Horizon Global Americas Inc.
	 	
Registered
	 	WASHDROPS	 	
BR
	 	909236399	 	10-Apr-2015	 	909236399	 	
14-Nov-2017

	 Horizon Global Americas Inc.
	 	
Registered
	 	AQUA-CLEAR	 	
MX
	 	1218666	 	10-Oct-2011	 	1272272	 	
07-Mar-2012

	 Horizon Global Americas Inc.
	 	
Registered
	 	CARBON FORGED	 	
MX
	 	1532760	 	30-Sep-2014	 	1594357	 	
30-Nov-2015

	 Horizon Global Americas Inc.
	 	
Registered
	 	FROG Design	 	
CN
	 	10272414	 	06-Dec-2011	 	10272414	 	
14-Feb-2013

	 Horizon Global Americas Inc.
	 	
Registered
	 	HIGHLAND	 	
TW
	 	100005941	 	01-Feb-2011	 	1506064	 	
16-Feb-2012

	 Horizon Global Americas Inc.
	 	
Registered
	 	HIGHLAND	 	
EM
	 	10057412	 	17-Jun-2011	 	10057412	 	
20-Dec-2011

	 Horizon Global Americas Inc.
	 	
Registered
	 	HIGHLAND	 	
IN
	 	2300800	 	16-Mar-2012	 	2300800	 	
16-Mar-2012

	 Horizon Global Americas Inc.
	 	
Registered
	 	HIGHLAND	 	
CN
	 	7069975	 	21-Nov-2008	 	7069975	 	
14-Sep-2010

	 Horizon Global Americas Inc.
	 	
Registered
	 	HIGHLAND	 	
CN
	 	7069976	 	21-Nov-2008	 	7069976	 	
07-Jul-2010

	 Horizon Global Americas Inc.
	 	
Registered
	 	HIGHLAND	 	
CN
	 	7069979	 	21-Nov-2008	 	7069979	 	
28-Dec-2010

	 Horizon Global Americas Inc.
	 	
Registered
	 	HIGHLAND (in Chinese Characters)	 	
CN
	 	7069973	 	21-Nov-2008	 	7069973	 	
28-Jun-2010

	 Horizon Global Americas Inc.
	 	
Registered
	 	HIGHLAND (in Chinese Characters)	 	
CN
	 	7069974	 	21-Nov-2008	 	7069974	 	
07-Jul-2010

	 Horizon Global Americas Inc.
	 	
Registered
	 	HIGHLAND (in Chinese Characters)	 	
CN
	 	7069972	 	21-Nov-2008	 	7069972	 	
28-Jun-2010

	 Horizon Global Americas Inc.
	 	
Registered
	 	HIGHLAND (in Chinese Characters)	 	
CN
	 	7069971	 	21-Nov-2008	 	7069971	 	
07-Jul-2010

	 Horizon Global Americas Inc.
	 	
Registered
	 	HIGHLAND (in Chinese Characters)	 	
CN
	 	7069970	 	21-Nov-2008	 	7069970	 	
14-Sep-2010

	 Horizon Global Americas Inc.
	 	
Registered
	 	MICROTUBE	 	
CA
	 	1456873	 	27-Oct-2009	 	TMA779694	 	
13-Oct-2010

	 Horizon Global Americas Inc.
	 	
Registered
	 	REESE	 	
CN
	 	7069987	 	21-Nov-2008	 	7069987	 	
28-Jun-2010

	 Horizon Global Americas Inc.
	 	
Registered
	 	REESE	 	
TW
	 	97051894	 	10-Nov-2008	 	1399215	 	
01-Mar-2010

	 Horizon Global Americas Inc.
	 	
Registered
	 	REESE	 	
CN
	 	7069989	 	21-Nov-2008	 	7069989	 	
21-Jul-2010

	 Horizon Global Americas Inc.
	 	
Registered
	 	REESE	 	
CN
	 	7069988	 	21-Nov-2008	 	7069988	 	
14-Nov-2010

	 Horizon Global Americas Inc.
	 	
Registered
	 	REESE (in Chinese Characters)	 	
CN
	 	7069985	 	21-Nov-2008	 	7069985	 	
14-Nov-2010

	 Horizon Global Americas Inc.
	 	
Registered
	 	REESE (in Chinese Characters)	 	
TW
	 	97051895	 	10-Nov-2008	 	1399216	 	
01-Mar-2010

	 Horizon Global Americas Inc.
	 	
Registered
	 	REESE (in Chinese Characters)	 	
CN
	 	7069986	 	21-Nov-2008	 	7069986	 	
07-Jul-2010

	 Horizon Global Americas Inc.
	 	
Registered
	 	REESE TOWPOWER	 	
CN
	 	7069983	 	21-Nov-2008	 	7069983	 	
07-Oct-2010

	 Horizon Global Americas Inc.
	 	
Registered
	 	REESE TOWPOWER	 	
CN
	 	7069982	 	21-Nov-2008	 	7069982	 	
28-Jun-2010

	 Horizon Global Americas Inc.
	 	
Registered
	 	REESE TOWPOWER	 	
TW
	 	97051892	 	10-Nov-2008	 	1399213	 	
01-Mar-2010

	 Horizon Global Americas Inc.
	 	
Registered
	 	REESE TOWPOWER (in Chinese Characters)	 	
CN
	 	7069981	 	21-Nov-2008	 	7069981	 	
07-Oct-2010

	 Horizon Global Americas Inc.
	 	
Registered
	 	REESE TOWPOWER (in Chinese Characters)	 	
CN
	 	7069980	 	21-Nov-2008	 	7069980	 	
28-Jun-2010

	 Horizon Global Americas Inc.
	 	
Registered
	 	REESE TOWPOWER (in Chinese Characters)	 	
TW
	 	97051893	 	10-Nov-2008	 	1399214	 	
01-Mar-2010

	 Horizon Global Americas Inc.
	 	
Registered
	 	ROLA	 	
CN
	 	7069968	 	21-Nov-2008	 	7069968	 	
28-Jun-2010

	 Horizon Global Americas Inc.
	 	
Registered
	 	
ROLA
	 	
TW
	 	97051890	 	10-Nov-2008	 	1393416	 	
01-Jan-2010

															
	Horizon Global Americas Inc.	  	Registered	  	ROLA	 	MX	  	710472	  	05-Apr-2005	  	908278	  	18-Nov-2005
	Horizon Global Americas Inc.	  	Registered	  	ROLA (in
Chinese
Characters)	 	CN	  	7069966	  	21-Nov-2008	  	7069966	  	28-Jun-2010
	Horizon Global Americas Inc.	  	Registered	  	W and Design	 	BR	  	909236402	  	10-Apr-2015	  	909236402	  	14-Nov-2017
	Horizon Global Americas Inc.	  	Registered	  	W and Design	 	KR	  	40-2014-0021990	  	02-Apr-2014	  	40-2014-0021990	  	06-Feb-2015
	Horizon Global Americas Inc.	  	Registered	  	W and Design	 	CN	  	11675817	  	31-Oct-2012	  	11675817	  	07-Apr-2014
	Horizon Global Americas Inc.	  	Registered	  	WASHDROPS	 	CN	  	8702945	  	27-Sep-2010	  	8702945	  	14-Oct-2011
	Horizon Global Americas Inc.	  	Registered	  	WASHDROPS	 	TW	  	99046544	  	17-Sep-2010	  	1462510	  	01-Jul-2011
	Horizon Global Americas Inc.	  	Registered	  	WASHDROPS	 	EM	  	9462755	  	20-Oct-2010	  	9462755	  	01-Apr-2011
	Horizon Global Americas Inc.	  	Registered	  	WASHDROPS	 	MX	  	1243676	  	24-Jan-2012	  	1291257	  	14-Jun-2012
	Horizon Global Americas Inc.	  	Registered	  	WASHDROPS	 	ZA	  	2011/13654	  	07-Jul-2011	  	2011/13654	  	28-Jun-2013
	Horizon Global Americas Inc.	  	Registered	  	WASHDROPS	 	KR	  	40-2014-0021987	  	02-Apr-2014	  	40-2014-0021987	  	06-Feb-2015
	Horizon Global Americas Inc.	  	Registered	  	WASHDROPS
(in Chinese
Characters)	 	CN	  	10210704	  	21-Nov-2011	  	10210704	  	21-Jan-2013
	Horizon Global Americas Inc.	  	Registered	  	ZCI ZERO
CONTACT
INTERFACE
and Design	 	AU	  	1587265	  	23-Oct-2013	  	1587265	  	12-Feb-2014
	Horizon Global Americas Inc.	  	Registered	  	ENVOY	 	MX	  	359461	  	07-Jan-1999	  	658878	  	16-Jun-2000
	Horizon Global Americas Inc.	  	Registered	  	ACTIVATOR	 	CA	  	799137	  	06-Dec-1995	  	TMA466360	  	26-Nov-1996
	Horizon Global Americas Inc.	  	Registered	  	ACTIVATOR	 	MX	  	0249854	  	07-Dec-1995	  	528518	  	26-Aug-1996
	Horizon Global Americas Inc.	  	Registered	  	ACTIVATOR II	 	MX	  	0249855	  	07-Dec-1995	  	528519	  	26-Aug-1996
	Horizon Global Americas Inc.	  	Registered	  	ACTIVATOR II	 	CA	  	0799138	  	06-Dec-1995	  	TMA466357	  	26-Nov-1996
	Horizon Global Americas Inc.	  	Registered	  	BARGMAN	 	CA	  	1072367	  	23-Aug-2000	  	TMA569753	  	28-Oct-2002
	Horizon Global Americas Inc.	  	Registered	  	BUILT FOR
EXTREMES,
DESIGNED
FOR
EVERYDAY
LIFE	 	CA	  	1247068	  	14-Feb-2005	  	TMA727339	  	29-Oct-2008
	Horizon Global Americas Inc.	  	Registered	  	BUILT FOR
EXTREMES,
DESIGNED
FOR
EVERYDAY
LIFE	 	FR	  	3341070	  	14-Feb-2005	  	3341070	  	14-Feb-2005
	Horizon Global Americas Inc.	  	Registered	  	BULLDOG	 	CA	  	0857396	  	26-Sep-1997	  	TMA558952	  	11-Mar-2002
	Horizon Global Americas Inc.	  	Registered	  	BULLDOG	 	BR	  	840569777	  	05-Jul-2013	  	840569777	  	05-Apr-2016
	Horizon Global Americas Inc.	  	Registered	  	BULLDOG	 	BR	  	840569785	  	05-Jul-2013	  	840569785	  	05-Apr-2016
	Horizon Global Americas Inc.	  	Registered	  	BX1	 	AU	  	1605490	  	12-Feb-2014	  	1605490	  	20-May-2014
	Horizon Global Americas Inc.	  	Registered	  	BX1	 	CA	  	1663984	  	14-Feb-2014	  	TMA917166	  	15-Oct-2015
	Horizon Global Americas Inc.	  	Registered	  	DRAW-TITE	 	MX	  	0249857	  	07-Dec-1995	  	528520	  	26-Aug-1996
	Horizon Global Americas Inc.	  	Registered	  	DRAW-TITE	 	CA	  	799135	  	06-Dec-1995	  	TMA493208	  	20-Apr-1998
	Horizon Global Americas Inc.	  	Registered	  	DRAW-TITE	 	MX	  	0249852	  	07-Dec-1995	  	528516	  	26-Aug-1996
	Horizon Global Americas Inc.	  	Registered	  	DRAW-TITE
and Design	 	CA	  	516329	  	07-Feb-1984	  	TMA293920	  	10-Aug-1984
	Horizon Global Americas Inc.	  	Registered	  	DRAW-TITE/
HITCH-PRO	 	CA	  	0583622	  	07-May-1987	  	TMA380214	  	22-Feb-1991
	Horizon Global Americas Inc.	  	Registered	  	DRAW-TITE/
TOW-PAK	 	CA	  	586040	  	15-Jun-1987	  	TMA373552	  	21-Sep-1990
	Horizon Global Americas Inc.	  	Registered	  	FULTON	 	CA	  	159090	  	01-Sep-1932	  	TMDA56006	  	29-Dec-1932
	Horizon Global Americas Inc.	  	Registered	  	FULTON	 	BR	  	840569823	  	05-Jul-2013	  	840569823	  	12-Apr-2016
	Horizon Global Americas Inc.	  	Registered	  	FULTON	 	BR	  	840569807	  	05-Jul-2013	  	840569807	  	05-Apr-2016
	Horizon Global Americas Inc.	  	Registered	  	HIDDEN
HITCH	 	CA	  	0652253	  	02-Mar-1990	  	TMA390183	  	15-Nov-1991
	Horizon Global Americas Inc.	  	Registered	  	HIDDEN
HITCH	 	CA	  	1372617	  	19-Nov-2007	  	TMA774702	  	17-Aug-2010
	Horizon Global Americas Inc.	  	Registered	  	HIDDEN
HITCH and
Design	 	CA	  	1059987	  	23-May-2000	  	TMA582876	  	30-May-2003
	Horizon Global Americas Inc.	  	Registered	  	HITCHMATCH	 	AU	  	1538203	  	31-Jan-2013	  	1538203	  	12-Jul-2013
	Horizon Global Americas Inc.	  	Registered	  	HITCHMATCH	 	NZ	  	972138	  	21-Aug-2012	  	972138	  	03-Sep-2013
	Horizon Global Americas Inc.	  	Registered	  	HITCH-PRO	 	CA	  	583621	  	07-May-1987	  	TMA379445	  	08-Feb-1991

															
	Horizon Global Americas Inc.	 	Registered	 	INTELLA-STOP	 	CA	 	1400001	 	17-Jun-2008	 	751203	 	27-Oct-2009
	Horizon Global Americas Inc.	 	Registered	 	LIFT-LOCK	 	CA	 	0613231	 	16-Aug-1988	 	TMA366914	 	16-Mar-1990
	Horizon Global Americas Inc.	 	Registered	 	M.O.V.E. and Design	 	CA	 	1251925	 	24-Mar-2005	 	TMA714670	 	16-May-2008
	Horizon Global Americas Inc.	 	Registered	 	 M.O.V.E. MOBILE ORGANIZATIONAL VEHICLE
EQUIPMENT
 with Design
	 	CA	 	1251923	 	24-Mar-2005	 	TMA714649	 	16-May-2008
	Horizon Global Americas Inc.	 	Registered	 	MODULITE	 	MX	 	0249853	 	07-Dec-1995	 	528517	 	26-Aug-1996
	Horizon Global Americas Inc.	 	Registered	 	MODULITE	 	CA	 	0799136	 	06-Dec-1995	 	TMA467620	 	13-Dec-1996
	Horizon Global Americas Inc.	 	Registered	 	P3	 	AU	 	1166098	 	07-Mar-2007	 	1166098	 	26-Mar-2008
	Horizon Global Americas Inc.	 	Registered	 	P3	 	CA	 	1338109	 	06-Mar-2007	 	TMA768629	 	03-Jun-2010
	Horizon Global Americas Inc.	 	Registered	 	P3 and Design	 	AU	 	1166099	 	07-Mar-2007	 	1166099	 	28-Mar-2008
	Horizon Global Americas Inc.	 	Registered	 	P3 and Design	 	CA	 	1338116	 	06-Mar-2007	 	TMA762345	 	24-Mar-2010
	Horizon Global Americas Inc.	 	Registered	 	PLATYPUS	 	CA	 	1251924	 	24-Mar-2005	 	TMA714646	 	14-May-2008
	Horizon Global Americas Inc.	 	Registered	 	PLATYPUS	 	AU	 	1047677	 	23-Mar-2005	 	1047677	 	01-Aug-2005
	Horizon Global Americas Inc.	 	Registered	 	PRO SERIES	 	CA	 	1459120	 	13-Nov-2009	 	TMA850085	 	02-May-2013
	Horizon Global Americas Inc.	 	Registered	 	PRO SERIES	 	BR	 	840569840	 	05-Jul-2013	 	840569840	 	05-Apr-2016
	Horizon Global Americas Inc.	 	Registered	 	PRO SERIES	 	BR	 	840569882	 	05-Jul-2013	 	840569882	 	05-Apr-2016
	Horizon Global Americas Inc.	 	Registered	 	PRO SERIES	 	BR	 	840569874	 	05-Jul-2013	 	840569874	 	05-Apr-2016
	Horizon Global Americas Inc.	 	Registered	 	REESE	 	CA	 	776295	 	22-Feb-1995	 	TMA464317	 	18-Oct-1996
	Horizon Global Americas Inc.	 	Registered	 	REESE TOWPOWER	 	IN	 	2300794	 	16-Mar-2012	 	2300794	 	16-Mar-2012
	Horizon Global Americas Inc.	 	Registered	 	ROLA	 	CA	 	1233000	 	06-Oct-2004	 	TMA673142	 	22-Sep-2006
	Horizon Global Americas Inc.	 	Registered	 	SPORTFRAME	 	CA	 	0613237	 	16-Aug-1988	 	TMA366175	 	02-Mar-1990
	Horizon Global Americas Inc.	 	Registered	 	SPORTFRAME	 	CA	 	613237	 	16-Aug-1988	 	TMA366175	 	02-Mar-1990
	Horizon Global Americas Inc.	 	Registered	 	STEADI-FLEX	 	CA	 	1660461	 	22-Jan-2014	 	TMA922782	 	08-Dec-2015
	Horizon Global Americas Inc.	 	Registered	 	SUREPULL	 	CA	 	1072365	 	23-Aug-2000	 	TMA569754	 	28-Oct-2002
	Horizon Global Americas Inc.	 	Registered	 	TEKONSHA	 	AU	 	644632	 	06-Dec-1990	 	644632	 	03-Nov-1994
	Horizon Global Americas Inc.	 	Registered	 	TEKONSHA	 	CA	 	1366189	 	03-Oct-2007	 	TMA731740	 	06-Jan-2009
	Horizon Global Americas Inc.	 	Registered	 	THE GOOSE! BY REESE and Design	 	AU	 	626492	 	05-Apr-1994	 	626492	 	01-Nov-1995
	Horizon Global Americas Inc.	 	Registered	 	T-ONE	 	MX	 	0249856	 	07-Dec-1995	 	854640	 	08-Oct-2004
	Horizon Global Americas Inc.	 	Registered	 	T-ONE	 	CA	 	0799134	 	06-Dec-1995	 	TMA466356	 	26-Nov-1996
	Horizon Global Americas Inc.	 	Registered	 	TOW READY	 	CA	 	1314231	 	24-Aug-2006	 	TMA762837	 	29-Mar-2010
	Horizon Global Americas Inc.	 	Registered	 	TOW-PAK	 	CA	 	586039	 	15-Jun-1987	 	TMA367579	 	13-Apr-1990
	Horizon Global Americas Inc.	 	Registered	 	TRUTURN 360	 	CA	 	1765146	 	27-Jan-2016	 	TMA983552	 	25-Oct-2017
	Horizon Global Americas Inc.	 	Registered	 	VELOCITY SERIES	 	CA	 	1695258	 	24-Sep-2014	 	TMA982004	 	03-Oct-2017
	Horizon Global Americas Inc.	 	Registered	 	VOYAGER	 	AU	 	644540	 	02-Nov-1994	 	644540	 	26-Sep-1997
	Horizon Global Americas Inc.	 	Registered	 	VOYAGER	 	CA	 	1072366	 	23-Aug-2000	 	TMA569760	 	28-Oct-2002
	Horizon Global Americas Inc.	 	Registered	 	WESBARG	 	MX	 	1582627	 	25-Feb-2015	 	1542374	 	28-May-2015
	Horizon Global Americas Inc.	 	Registered	 	WESBARG	 	MX	 	1582625	 	25-Feb-2015	 	1530887	 	20-Apr-2015
	Horizon Global Americas Inc.	 	Registered	 	WESBARG and Design	 	MX	 	1582629	 	25-Feb-2015	 	1542375	 	28-May-2015
	Horizon Global Americas Inc.	 	Registered	 	WESBARG and Design	 	MX	 	1582628	 	25-Feb-2015	 	1536301	 	08-May-2015
	Horizon Global Americas Inc.	 	Registered	 	ZCI	 	BR	 	840687893	 	24-Oct-2013	 	840687893	 	23-Aug-2016
	Horizon Global Americas Inc.	 	Registered	 	ZCI	 	CA	 	1648999	 	23-Oct-2013	 	TMA982808	 	13-Oct-2017

															
	Horizon Global Americas Inc.	 	Registered	 	ZCI	 	AU	 	1587264	 	23-Oct-2013	 	1587264	 	12-Feb-2014
	Horizon Global Americas Inc.	 	Registered	 	ZCI	 	ZA	 	2013/29652	 	23-Oct-2013	 	2013/29652	 	07-Sep-2015
	Horizon Global Americas Inc.	 	Registered	 	ZCI	 	NZ	 	986694	 	23-Oct-2013	 	986694	 	24-Apr-2014
	Horizon Global Americas Inc.	 	Registered	 	ZCI	 	MX	 	1425521	 	23-Oct-2013	 	1472553	 	28-Jul-2014
	Horizon Global Americas Inc.	 	Registered	 	ZCI ZERO CONTACT INTERFACE and Design	 	BR	 	840700644	 	06-Nov-2013	 	840700644	 	30-Aug-2016
	Horizon Global Americas Inc.	 	Registered	 	ZCI ZERO CONTACT INTERFACE and Design	 	CA	 	1649005	 	23-Oct-2013	 	TMA982807	 	13-Oct-2017
	Horizon Global Americas Inc.	 	Registered	 	ZCI ZERO CONTACT INTERFACE and Design	 	ZA	 	2013/29582	 	23-Oct-2013	 	2013/29582	 	24-Dec-2015
	Horizon Global Americas Inc.	 	Registered	 	ZCI ZERO CONTACT INTERFACE and Design	 	MX	 	1425520	 	23-Oct-2013	 	1473315	 	30-Jul-2014
	Horizon Global Americas Inc.	 	Registered	 	ZCI ZERO CONTACT INTERFACE and Design	 	NZ	 	986695	 	23-Oct-2013	 	986695	 	24-Apr-2014
	Horizon Global Americas Inc.	 	Registered	 	BULLDOG	 	CN	 	7069963	 	21-Nov-2008	 	7069963	 	28-Jun-2010
	Horizon Global Americas Inc.	 	Registered	 	BULLDOG	 	MX	 	309142	 	29-Sep-1997	 	569267	 	30-Jan-1998
	Horizon Global Americas Inc.	 	Registered	 	FULTON	 	CN	 	7069965	 	21-Nov-2008	 	7069965	 	28-Jun-2010
	Horizon Global Americas Inc.	 	Registered	 	BULLDOG	 	EM	 	640037	 	27-Sep-1997	 	640037	 	28-Jun-1999
	Horizon Global Americas Inc.	 	Registered	 	F2	 	EM	 	007583735	 	05-Feb-2009	 	007583735	 	15-Sep-2009
	Horizon Global Americas Inc.	 	Published	 	HIGHLAND	 	BR	 	915812789	 	04-Sep-2018	 	 	 	 
	Horizon Global Americas Inc.	 	Published	 	HIGHLAND	 	BR	 	915812797	 	04-Sep-2018	 	 	 	 
	Horizon Global Americas Inc.	 	Published	 	HIGHLAND	 	BR	 	915812800	 	04-Sep-2018	 	 	 	 
	Horizon Global Americas Inc.	 	Published	 	NORTH AMERICA’S FAVORITE HITCH	 	CA	 	1815039	 	20-Dec-2016	 	 	 	 
	Horizon Global Americas Inc.	 	Published	 	REESE	 	BR	 	914155490	 	08-Feb-2018	 	 	 	 
	Horizon Global Americas Inc.	 	Published	 	REESE	 	BR	 	914155440	 	08-Feb-2018	 	 	 	 
	Horizon Global Americas Inc.	 	Published	 	REESE	 	BR	 	914155474	 	08-Feb-2018	 	 	 	 
	Horizon Global Americas Inc.	 	Published	 	REESE	 	BR	 	914155555	 	08-Feb-2018	 	 	 	 
	Horizon Global Americas Inc.	 	Pending	 	REESE	 	MX	 	2155007	 	21-Jan-2019	 	 	 	 
	Horizon Global Americas Inc.	 	Pending	 	REESE	 	MX	 	2155009	 	21-Jan-2019	 	 	 	 
	Horizon Global Americas Inc.	 	Pending	 	REESE	 	MX	 	2155011	 	21-Jan-2019	 	 	 	 
	Horizon Global Americas Inc.	 	Pending	 	REESE	 	MX	 	2155018	 	21-Jan-2019	 	 	 	 
	Horizon Global Americas Inc.	 	Pending	 	REESE	 	MX	 	2155021	 	21-Jan-2019	 	 	 	 
	Horizon Global Americas Inc.	 	Registered	 	ROLA	 	DE	 	30519392.9	 	04-Apr-2005	 	30519392	 	19-Jul-2005
	Horizon Global Americas Inc.	 	Registered	 	ROLA	 	EM	 	13702527	 	29-Jan-2015	 	13702527	 	15-Jul-2015
	Horizon Global Americas Inc.	 	Registered	 	ROLA	 	ES	 	2644932	 	05-Apr-2005	 	2,644,932	 	15-Dec-2005
	Horizon Global Americas Inc.	 	Registered	 	ROLA	 	GB	 	2388607	 	05-Apr-2005	 	2388607	 	18-Nov-2005
	Horizon Global Americas Inc.	 	Registered	 	ROLA	 	IT	 	RM2005C001772	 	06-Apr-2005	 	302015902339089	 	02-Oct-2008
	Horizon Global Americas Inc.	 	Registered	 	ROLA and Design	 	EM	 	1165019	 	10-Apr-2013	 	1165019	 	10-Apr-2013
	Horizon Global Americas Inc.	 	Published	 	TEKONSHA	 	BR	 	914679856	 	14-May-2018	 	 	 	 
	Horizon Global Americas Inc.	 	Published	 	TOW READY	 	BR	 	914851837	 	13-Jun-2018	 	 	 	 
	Horizon Global Americas Inc.	 	Published	 	TOYLOC	 	BR	 	914679864	 	14-May-2018	 	 	 	 
	Horizon Global Americas Inc.	 	Pending	 	XLT	 	CA	 	1765672	 	29-Jan-2016	 	 	 	 
	Horizon Global Americas Inc.	 	Registered	 	ZCI	 	EM	 	12248779	 	23-Oct-2013	 	12248779	 	19-Mar-2014
	Horizon Global Americas Inc.	 	Registered	 	ZCI ZERO CONTACT INTERFACE and Design	 	EM	 	12248721	 	23-Oct-2013	 	12248721	 	14-Mar-2014
	Horizon Global Company LLC	 	Registered	 	H (Stylized)	 	AU	 	1737457	 	26-Nov-2015	 	1737457	 	26-Nov-2015
	Horizon Global Company LLC	 	Registered	 	H (Stylized)	 	CN	 	18362089	 	18-Nov-2015	 	18362089	 	28-Dec-2016

															
	Horizon Global Company LLC	 	Registered	 	H (Stylized)	 	EM	 	14800593	 	17-Nov-2015	 	14800593	 	26-Apr-2016
	Horizon Global Company LLC	 	Registered	 	HORIZON GLOBAL	 	CN	 	22195656	 	09-Dec-2016	 	22195656	 	28-Jan-2018
	Horizon Global Company LLC	 	Registered	 	HORIZON GLOBAL (Stylized)	 	AU	 	1735239	 	17-Nov-2015	 	1735239	 	21-Jul-2016
	Horizon Global Company LLC	 	Registered	 	HORIZON GLOBAL (Stylized)	 	EM	 	14793087	 	16-Nov-2015	 	14793087	 	26-Apr-2016

 COPYRIGHTS 

None. 
  

 
  
  

 
 Exhibit C / Copyrights 

 EXHIBIT D 

PLEDGED EQUITY 
  

									
	 Corporate Name

 
	  	
Owner / Type of Equity Interest
  
	  	 Percentage

Pledged
  
	 	 Is the

Subsidiary
 an Obligor?
	  	 Issued

Certificate
 (Class &

No.)

	Cequent Electrical Products de México, S. de R.L. de C.V.	  	 99.97% owned by Cequent Mexico Holdings
B.V. and approx. 0.03% owned by Cequent Sales Company de México, S. de
 R.L. de C.V. (such ownership totaling 100%)
	  	100%	 	Yes	  	 1,000 shares of
Common Stock Certificate
 No. 009

	Cequent Mexico Holdings B.V.	  	100% owned by Cequent UK Limited	  	100%	 	Yes	  	N/A
	Cequent Nederland Holdings B.V.	  	100% owned by Horizon International Holdings LLC	  	100%	 	Yes	  	N/A
	Horizon Global Americas Inc.	  	100% owned by Horizon Global Company LLC	  	100%	 	Yes	  	N/A
	Cequent Sales Company de México, S. de R.L. de C.V.	  	99.97% owned by Cequent Nederland Holdings B.V. and approx. 0.03% owned by Cequent Mexico Holdings B.V. (such ownership totaling
100%)	  	100%	 	Yes	  	N/A
	Cequent Towing Products of Canada, Ltd.	  	100% owned by Cequent Nederland Holdings B.V.	  	100%	 	Yes	  	N/A
	Cequent UK Limited	  	100% owned by Cequent Nederland Holdings B.V.	  	100%	 	Yes	  	N/A
	HG Germany Holdings GmbH	  	100% owned by Cequent Nederland Holdings B.V.	  	100%	 	No	  	N/A
	HZN FinCo IRL Holdings Limited	  	100% owned by Cequent Nederland Holdings B.V.	  	100%	 	No	  	N/A
	HZN Sourcing Oy	  	100% owned by Cequent Nederland Holdings B.V.	  	100%	 	No	  	N/A
	Horizon Euro Finance LLC***	  	100% owned by Cequent Nederland Holdings B.V.	  	100%	 	No	  	N/A
	Horizon Global Company LLC	  	100% owned by Horizon Global Corporation	  	100%	 	Yes	  	
Membership Interest 2,500 Units Certificate

No. 002

	Horizon Global Digital Limited	  	100% owned by Cequent Nederland Holdings B.V.	  	100%	 	No	  	N/A
	Horizon Global European Holdings Limited	  	100% owned by Cequent Nederland Holdings B.V.	  	100%	 	No	  	N/A
	Horizon Global Hong Kong Holdings Limited	  	100% owned by Cequent Nederland Holdings B.V.	  	100%	 	No	  	N/A
	Horizon Global (South Africa) (PTY) LTD.	  	100% owned by Cequent Nederland Holdings B.V.	  	100%	 	No	  	N/A
	Horizon International Holdings LLC	  	100% owned by Horizon Global Americas Inc.	  	100%	 	Yes	  	
Membership Interest 2,500 Units Certificate

No. 005

	Horizon Sourcing B.V.	  	100% owned by Cequent Nederland Holdings B.V.	  	100%	 	No	  	N/A
	Teljs Holding B.V.	  	100% owned by Cequent Nederland Holdings B.V.	  	100%	 	No	  	N/A

 Exhibit D / Page 1 

 PLEDGED DEBT 

 

					
	Borrower	  	Lender	  	Amount
	Horizon Global South Africa Pty Ltd.	  	Cequent Nederland Holdings B.V.	  	$212,463.40
	C.P. Witter	  	 Cequent Nederland Holdings

B.V.
	  	$2,428,116.42
	Horizon Global Germany GmbH	  	Cequent Nederland Holdings B.V.	  	$974,950.00
	Kovil Oy	  	 Cequent Nederland Holdings

B.V.
	  	$297,187.70
	HG Germany Holdings GmbH	  	Cequent Nederland Holdings B.V.	  	$126,170,000.00
	AH Forgings Proprietary Limited	  	 Cequent Nederland Holdings

B.V.
	  	$54,320.77
	Westfalia-Automotive GmbH	  	Cequent Nederland Holdings B.V.	  	$1,720,498.85
	Westfalia-Automotive SAS	  	 Cequent Nederland Holdings

B.V.
	  	$277,011,97
	Westfalia-Automotive Denmark ApS	  	Cequent Nederland Holdings B.V.	  	$1,270,557.13
	 Westfalia-Automotive Polska Sp.

Zo.o.
	  	 Cequent Nederland Holdings

B.V.
	  	$556,910.94
	Westfalia-Automotive Italia S.r.l.	  	Cequent Nederland Holdings B.V.	  	$300,166.46
	Teljs Automotive Srl Unit 2	  	 Cequent Nederland Holdings

B.V.
	  	$1,553,635.59
	Horizon Global Holdings Australia Pty. Ltd.	  	Horizon International Holding LLC	  	$44,789,896.27
	Horizon Global Corporation	  	 Horizon International Holding

LLC
	  	$12,502,710.00
	HG Germany Holdings GmbH	  	Horizon Global Corporation	  	$45,993,583.97
	Cequent Nederland Holdings B.V.	  	Horizon Global Company LLC	  	$117,280,750.00

 Exhibit D / Page 2 

 EXHIBIT E 

POST CLOSING OBLIGATIONS 

Post-Closing Schedule 

	1.	 The Loan Parties shall take all necessary actions (subject to the Agreed Security Principles (as defined in the
ABL Credit Agreement) to satisfy the items described below within sixty (60) days after the Closing Date (or, in each case, such longer periods as the Administrative Agent, acting at the direction of the Required Lenders, may agree):

	 	(a)	 For each Subsidiary domiciled or organized in England, to the extent applicable: 

 

	 	(i)	 an English law guarantee and debenture over substantially all of its assets; 

 

	 	(ii)	 an English law share pledge agreement entered into by its shareholder relating to the pledge over its shares;

  

	 	(iii)	 such perfection actions as are necessary under English law to perfect the security interests contemplated by
this clause (a); and 

  

	 	(iv)	 such other resolutions, legal opinions, documents, instruments and other actions as may be necessary to
effectuate the intent of the parties with respect to the Collateral located in England to create a first priority perfected security interest therein, subject to the Intercreditor Agreements. 

 

	 	(b)	 For each Subsidiary domiciled or organized in Germany, to the extent applicable: 

 

	 	(i)	 a German law guarantee; 

 

	 	(ii)	 a German law share pledge agreement entered into by its shareholder relating to the pledge over its shares;

  

	 	(iii)	 security over substantially all of its assets located in Germany including but not limited to the following
security documents, if applicable: 

  

	 	(A)	 a German law account pledge agreement relating to all accounts held by it with banks in Germany;

  

	 	(B)	 a German law global assignment agreement relating to the assignment of accounts receivable from the selling
of goods and the provision of services as well as other accounts receivable agreed to be assigned by it (including, but not limited to, insurance claims and intercompany loan receivables); 

 

	 	(C)	 a German law security transfer agreement relating to the security transfer of all moveable (including stock
and inventory) and fixed assets over which security shall be granted; 

  

	 	(D)	 if it has any such rights, an Intellectual Property pledge agreement relating to the pledge of its
intellectual property rights (including, but not limited to, patents, designs, utility models, trademarks, know-how and other IP rights); 

	 	(E)	 if it owns any real estate, a German law land charge over the real estate held by it; 

 

	 	(F)	 if it owns any real estate, a German law security purpose agreement relating to the land charge granted by
it; and 

  

	 	(G)	 if it is party to any relevant intercompany agreements, a subordination agreement in relation to any
shareholder and intercompany loans and any other applicable, if any, intercompany claims; and 

  

	 	(iv)	 such perfection actions as are necessary under German law to perfect the security interests contemplated by
this clause (b); and 

  

	 	(v)	 such other resolutions, legal opinions, documents, instruments and other actions as may be necessary to
effectuate the intent of the parties with respect to the Collateral located in Germany to create a first priority perfected security interest therein. 

  

	 	(c)	 For each Subsidiary domiciled or organized in the Netherlands, to the extent applicable:

  

	 	(i)	 a Dutch law guarantee; 

 

	 	(ii)	 a Dutch law omnibus pledge; 

 

	 	(iii)	 a Dutch share pledge agreement entered into by its shareholder relating to the pledge over its shares;

  

	 	(iv)	 such perfection actions as are necessary under Dutch law to perfect the security interests contemplated by this
clause (c); and 

  

	 	(v)	 such other resolutions, legal opinions, documents, instruments and other actions as may be necessary to
effectuate the intent of the parties over the Collateral located in the Netherlands to create a first priority perfected security interest therein. 

  

	 	(d)	 For each Subsidiary domiciled or organized in Canada, to the extent applicable: 

 

	 	(i)	 a security agreement governed by the laws of the applicable Canadian province and the laws of Canada applicable
therein; 

  

	 	(ii)	 such perfection actions as are necessary under Canadian law to perfect the security interests contemplated by
this clause (d); and 

  

	 	(iii)	 such other resolutions, legal opinions, documents, instruments and other actions as may be necessary to
effectuate the intent of the parties over the Collateral located in Canada to create a first priority perfected security interest therein. 

  

	 	(e)	 For each Subsidiary domiciled or organized in Mexico, to the extent applicable: 

 

	 	(i)	 an equity interest pledge agreement governed by the laws of the applicable pledgor; 

 

	 	(ii)	 a non-possessory pledge agreement governed by the laws of the
applicable pledgor; 

	 	(iii)	 a certificate from the applicable Subsidiary domiciled in Mexico evidencing (a) an applicable pledge set
forth in clause (i) or (ii) above, (b) a confirmation of the pledge created thereby and (c) a power of attorney granted by the applicable pledgor to the Collateral Agent; 

 

	 	(iv)	 such perfection actions as are necessary under Mexican law to perfect the security interests contemplated by
this clause (e); and 

  

	 	(v)	 such other resolutions, legal opinions, documents, instruments and other actions as may be necessary to
effectuate the intent of the parties over the Collateral located in Mexico to create a first priority perfected security interest therein. 

  

	2.	 All agreements, instruments, documents and legal opinion delivered pursuant to this Post-Closing Schedule
shall be in form and substance reasonably satisfactory to the Administrative Agent (acting at the direction of the Required Lenders). 

  

	3.	 Each Subsidiary domiciled in the United Kingdom, Germany, the Netherlands, Mexico or Canada (or any
political subdivision) that is not already party to the Guarantee and Collateral Agreement shall deliver a joinder to the Guarantee and Collateral Agreement in form and substance satisfactory to the Collateral Agent within twenty (20) days
after the Sixth Amendment Effective Date (or such longer period as the Administrative Agent, acting at the direction of the Required Lenders, may agree). 

  

	4.	 Subject to the Intercreditor Agreements, each Loan Party shall have delivered to the Collateral Agent
original stock certificates and executed stock powers in blank representing 100% of the Equity Interests of each wholly-owned and direct Subsidiary of such Loan Party within thirty (30) days after the Sixth Amendment Effective Date (or such
longer period as the Administrative Agent, acting at the direction of the Required Lenders, may agree), in each case to the extent, (a) such Subsidiary is domiciled or organized in the United Kingdom, Germany, Canada or the Netherlands, and
(b) such Equity Interests are certificated. 

 EXHIBIT F 

PROFESSIONAL FEES 
 1. Simpson Thacher &
Bartlett LLP 
 2. Davis Polk & Wardwell LLP 
 3. Paul,
Weiss, Rifkind, Wharton & Garrison LLP 
 4. FTI Consulting, Inc. 

5. Milbank LLPEX-10.11

 Exhibit 10.11 

Execution Version 

SEVENTH AMENDMENT TO 

AMENDED AND RESTATED LOAN AGREEMENT 

This SEVENTH AMENDMENT TO AMENDED AND RESTATED LOAN AGREEMENT (this “Amendment”) is dated as of
March 15, 2019, and is entered into by and among HORIZON GLOBAL CORPORATION, a Delaware corporation (“Parent Borrower”), HORIZON GLOBAL AMERICAS INC., a Delaware corporation (“Horizon Americas”)
(f/k/a Cequent Performance Products, Inc., a Delaware corporation and successor by merger with Cequent Consumer Products, Inc., an Ohio corporation), CEQUENT UK LIMITED, a company incorporated in England and Wales with company number
08081641 (“Cequent UK”), CEQUENT TOWING PRODUCTS OF CANADA LTD., a company formed under the laws of the Province of Ontario (“Cequent Canada”, and together with Parent Borrower, Horizon Americas and Cequent UK,
collectively, “Borrowers”), HORIZON GLOBAL COMPANY LLC, a Delaware limited liability company (“Horizon Global”), the other Persons party to this Amendment as Obligors, the financial institutions party to this
Amendment as Lenders, and BANK OF AMERICA, N.A., a national banking association, in its capacity as agent for itself and the other Secured Parties (“Agent”). 

WHEREAS, the Borrowers, the other Obligors party hereto, the Agent and the Lenders have entered into that certain Amended and
Restated Loan Agreement dated as of December 22, 2015 (as amended, restated, supplemented or otherwise modified from time to time, the “Loan Agreement”); 

WHEREAS, Parent Borrower, the other Obligors party thereto and Agent entered into that certain ABL Guarantee and Collateral
Agreement dated as of June 30, 2015 (the “ABL Guarantee”) in order to secure the Obligations; 

WHEREAS, certain Borrowers, Horizon International Holdings LLC, a Delaware limited liability company, Cequent UK, Cequent
Canada, Cequent Nederland Holdings B.V., a company formed under the laws of the Netherlands, Cequent Mexico Holdings B.V., a company formed under the laws of the Netherlands, Cequent Sales Company de Mexico, S. de R.L. de C.V., a limited
liability company formed under the laws of Mexico, Cequent Electrical Products de Mexico, S. de R.L. de C.V., a limited liability company formed under the laws of Mexico, and Agent entered into that certain Foreign Facility Guarantee and Collateral
Agreement dated as of December 22, 2015 in order to secure the Foreign Facility Obligations; and 
 WHEREAS, the Borrowers and the
other Obligors have requested that the Agent and the Required Lenders agree to enter into certain amendments to the Loan Agreement described below. 

NOW, THEREFORE, in consideration of the mutual conditions and agreements set forth in the Loan Documents and this Amendment, and other
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows: 
 ARTICLE I

 DEFINITIONS 

Initially capitalized terms used but not otherwise defined in this Amendment have the respective meanings set forth in the Loan Agreement, as
amended hereby. 

  
 1 

 ARTICLE II 

AMENDMENTS TO LOAN AGREEMENT AND GUARANTEE AND COLLATERAL 

AGREEMENT 

2.01        Loan Agreement Amendments. 

On the Amendment Effective Date (as defined below), the Loan Agreement is hereby amended with the stricken text deleted (indicated textually
in the same manner as the following example: stricken text) and with the double-underlined text added (indicated textually in
the same manner as the following example: double-underlined text) as set forth in the pages of the Loan Agreement attached as Exhibit A-1 hereto.  
 With effect as of the Amendment Effective Date, the Loan Agreement is
hereby further amended by replacing the below described Schedules to the Loan Agreement with the following Schedules attached as Exhibit A-2 hereto: 

Schedule 10.2.1    –     Existing Indebtedness as of Seventh Amendment Effective Date 

Schedule 10.2.2    –     Existing Liens as of Seventh Amendment Effective Date 

Schedule 10.2.4    –     Existing Investments as of Seventh Amendment Effective Date 

ARTICLE III 

REPRESENTATIONS AND WARRANTIES 

Each Obligor hereby represents and warrants to each Lender and the Agent, as of the date hereof, as of the Amendment Effective
Date, and at each time that the following representations and warranties are made or deemed to be made thereafter, as follows: 

3.01        Authority. The execution, delivery and performance by such Obligor of each
Loan Document described in Section 5.01 hereof, and the transactions contemplated hereby or thereby, have been duly authorized by all necessary action, and this Amendment is a legal, valid and binding obligation of such Obligor enforceable
against such Obligor in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether
considered in a proceeding in equity or at law. 
 3.02        Representations and
Warranties. Each representation and warranty of such Obligor in the Loan Documents is true and correct as of the date hereof, after giving effect to this Amendment (except for representations and warranties that expressly relate to an
earlier date and except for the representations and warranties set forth in Section 9.1.4(d) {No Material Adverse Change} of the Loan Agreement). 

3.03        Governmental Approvals; No Conflicts. The execution, delivery, and
performance by such Obligor of the Loan Documents described in Section 5.01 hereof (a) do not require any consent or approval of, registration or filing with, or any other action by, any Governmental Authority, except (i) such as have
been obtained or made and are in full force and effect, (ii) filings necessary to perfect Liens created under the Loan Documents and (iii) consents, approvals, registrations, filings or actions the failure of which to obtain or perform
could not reasonably be expected to result in a Material Adverse Effect, (b) will not violate any Applicable Law or regulation or the charter, by-laws or other organizational documents of any Obligor or
any Subsidiary of any Obligor or any order of any Governmental Authority, (c) will not violate or result in a default under any indenture, agreement or other instrument binding upon any Obligor or any Subsidiary of any Obligor or their assets,
or give rise to a right thereunder to require any payment to be made by any Obligor or any Subsidiary of any Obligor, except for violations, defaults or the creation of such rights that 

  
 2 

 
could not reasonably be expected to result in a Material Adverse Effect, (d) will not result in the creation or imposition of any Lien on any asset of any Obligor or any Subsidiary of any
Obligor, except Liens created under the Loan Documents and Liens permitted by Section 10.2.2 of the Loan Agreement, and (e) do not require any acknowledgement, agreement or consent under any indenture, agreement or other instrument binding
upon any Obligor or any Subsidiary of any Obligor or their assets, except for such acknowledgements, agreements and consents as have been obtained or made and are in full force and effect, and such acknowledgements, agreements or consents the
failure of which to obtain could not reasonably be expected to result in a Material Adverse Effect. 

3.04        No Defaults. No Default or Event of Default has occurred and is continuing.

 3.05        Beneficial Ownership Certification. As of the Amendment Effective Date,
the information included in the Beneficial Ownership Certification (as defined in the Loan Agreement after giving effect to this Amendment), if applicable, is true and correct in all respects. 

ARTICLE IV 

CERTIFICATIONS 

The Obligors hereby certify to Agent and Lenders that (a) (i) the Sixth Amendment to Credit Agreement (the “Term
Loan Agreement Amendment”), dated on or about the date hereof, by and among Parent Borrower, the First Lien Term Loan Lenders party thereto, and the First Lien Term Loan Agent and (ii) the Second Lien Term Loan Agreement dated on or
about the date hereof, by and among the Parent Borrower, the Second Lien Term Loan Lenders (as defined in the Loan Agreement after giving effect to this Amendment) party thereto and the Second Lien Term Loan Agent (as defined in the Loan Agreement
after giving effect to this Amendment), are not prohibited by Section 10.2.11 of the Loan Agreement, as amended by this Amendment, and (b) neither the execution or performance of this Amendment nor the incurrence of any Obligations by
Obligors pursuant to the Loan Documents violates the Term Loan Documents (as defined in the Loan Agreement after giving effect to this Amendment). 

THE PARTIES HERETO AGREE THAT THE TERMS OF THE SECOND PARAGRAPH OF ARTICLE IV OF THE SIXTH AMENDMENT TO AMENDED AND RESTATED
LOAN AGREEMENT DATED AS OF MARCH 7, 2019 AMONG THE PARTIES HERETO SHALL BE DEEMED TO BE OF NO FURTHER FORCE OR EFFECT FROM AND AFTER THE AMENDMENT EFFECTIVE DATE. 

ARTICLE V 
 CONDITIONS
PRECEDENT AND FURTHER ACTIONS 
 5.01        Conditions
Precedent.    This Amendment shall be deemed effective as of the date first set forth above when each of the following conditions precedent have been satisfied in form and substance satisfactory to the Agent and its
counsel (such date, the “Amendment Effective Date”): 

(a)        The Agent shall have received duly executed counterparts of this Amendment
which, when taken together, bear the authorized signatures of the Obligors, the Agent and the Required Lenders; 

(b)        The Agent shall have received duly executed counterparts to the Amended
and Restated ABL Guarantee and Collateral Agreement from each Obligor party to this Amendment together with updated disclosure schedules thereto, each in form and substance satisfactory to the Agent; 

  
 3 

 (c)        The Agent shall have
received fully executed copies of Term Loan Agreement Amendment (along with any other amendments to the First Lien Term Loan Documents executed in connection therewith), which shall be on terms and conditions satisfactory to Agent and in full force
and effect, and all conditions precedent set forth in Section 4 of the Term Loan Agreement Amendment shall have been met or waived by the First Lien Term Loan Agent and/or the First Lien Term Loan Lenders in accordance with the terms of the
First Lien Term Loan Documents; 
 (d)        (i) The Agent shall have
received fully executed copies (certified by an officer of Parent Borrower) of the Second Lien Term Credit Agreement (as defined in the Loan Agreement after giving effect to this Amendment) and the other Second Lien Term Loan Documents delivered on
or about the Amendment Effective Date, which shall be on terms and conditions satisfactory to Agent and in full force and effect, and all conditions precedent set forth in Section 4.01 of the Second Lien Term Credit Agreement shall have been
met or waived by the Second Lien Term Loan Agent and/or the applicable lenders thereunder in accordance with the terms of the Second Lien Term Loan Documents; and (ii) the Parent Borrower shall have received (or will receive concurrently with
the effectiveness of the Amendment) the net proceeds of a borrowing of not less than $50,000,000 of Second Lien Term Loan Debt (as defined in the Loan Agreement after giving effect to this Amendment); 

(e)        The Agent shall have received an executed payoff and release letter from
Cortland Capital Market Services LLC, as administrative agent (the “Senior Term Agent”) under the Credit Agreement dated as of February 20, 2019 (the “Senior Term Credit Agreement”), by and among the Parent
Borrower, the lenders from time to time party, and the Senior Term Agent, on terms acceptable to the Agent together with evidence of the payment in full of the Loans (as defined in the Senior Term Credit Agreement, the “Senior Term
Loans”) and cancellation of the Loan Documents (as defined in the Senior Term Credit Agreement), including terminations of Uniform Commercial Code financing statements filed in connection with the Senior Term Loans and other evidence of
lien releases and other related matters on terms acceptable to the Agent; 

(f)            The Agent shall have received a fully executed
copy of the Intercreditor Agreement dated on or about the date hereof between the Term Loan Agents (as defined in the Loan Agreement after giving effect to this Amendment) and the Agent in the form of Exhibit B hereto, which shall be on terms and
conditions satisfactory to Agent and in full force and effect; 
 (g)        Upon
the reasonable request of any Lender made at least five days prior to the Amendment Effective Date, the Obligors shall have provided to such Lender, and such Lender shall be reasonably satisfied with, the documentation and other information so
requested in connection with the AML Legislation, including, without limitation, the PATRIOT Act, in each case at least five days prior to the Amendment Effective Date; 

(h)        At least five days prior to the Amendment Effective Date, any Obligor that
qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall deliver, to each Lender that so requests, a Beneficial Ownership Certification in relation to such Obligor; 

(i)        The Agent shall be satisfied that after giving effect to consummation of
the transactions contemplated hereby and payment of all fees and expenses in connection herewith and therewith (i) Total Availability shall be at least $25,000,000 immediately after the repayment of Loans as set forth in sub-clause (ii), and (ii) Loans shall be repaid in an amount not less than $20,000,000 with the proceeds of the term loans being advanced in connection therewith; 

  
 4 

 (j)        The Parent Borrower
shall have executed and delivered a new Perfection Certificate with respect to the Obligors as of the date hereof and the Schedules identified in Section 2.01 in form and substance satisfactory to the Agent and the Required Lenders. 

(k)        The Parent Borrower shall have executed and delivered a solvency
certificate in form and substance satisfactory to the Agent and the Required Lenders. 

(l)        The Agent shall have received a certificate of a duly authorized officer
of each Obligor, certifying (i) that attached copies of such Obligor’s Organic Documents (including, without limitation, charter documents of such Obligor that are, except with respect to a Canadian Domiciled Obligor, a UK Domiciled
Obligor, or a Dutch Domiciled Obligor, certified by the Secretary of State or other appropriate official of such Obligor’s jurisdiction of organization) are true and complete, and in full force and effect, without amendment except as shown;
(ii) that an attached copy of resolutions authorizing execution and delivery of the Loan Documents is true and complete, and that such resolutions are in full force and effect, were duly adopted, have not been amended, modified or revoked, and
(together with the resolutions delivered pursuant to Section 6 of the Original Loan Agreement or the Loan Agreement) constitute all resolutions adopted with respect to this credit facility; and (iii) to the title, name and signature of
each Person authorized to sign the Loan Documents. Agent may conclusively rely on this certificate until it is otherwise notified by the applicable Obligor in writing. 

(m)        The Agent shall have received a favorable written opinion (addressed to
the Agent and the Lenders and dated the Amendment Effective Date) of Jones Day, with respect to the Parent Borrower and its Domestic Subsidiaries in form and substance reasonably satisfactory to the Agent and the Required Lenders. 

(n)        The Borrowers shall have paid to the Agent, for the benefit of each Lender
providing their written consent to this Amendment, an amendment fee equal to 50 basis points in respect of the aggregate Commitments of such Lender immediately after giving effect to this Amendment; and 

(o)    The Borrowers shall have paid all fees and expenses (provided that legal fees required to be paid
as a condition precedent to the occurrence of the Amendment Effective Date shall be limited to such legal fees as to which Borrowers have received a summary invoice) owed to and/or incurred by the Agent and the respective Lenders in connection with
this Amendment. 
 5.02        Further Actions. Each of the parties to this Amendment
agrees that at any time and from time to time upon the written request of any other party, it will execute and deliver such further documents and do such further acts and things as such other party may reasonably request in order to effect the
purposes of this Amendment. 
 ARTICLE VI 

REAFFIRMATION 
 Each
Obligor hereby (i) acknowledges and consents to this Amendment; (ii) reaffirms its obligations under the Guaranties, the Security Documents and the other Loan Documents; (iii) reaffirms the Liens granted by it pursuant to the Security
Documents; and (iv) confirms that the Guaranties, the Security Documents and the other Loan Documents remain in full force and effect, without defense, offset or counterclaim. Although each Guarantor has been informed of the terms of the
Amendment, such Guarantor hereby confirms that it understands and agrees that the Agent and the Lenders have no duty to so notify such Guarantor or any other guarantor or to seek this or any future acknowledgment, consent or reaffirmation, and
nothing contained herein shall create or imply any such duty as to any transaction, past or future. 

  
 5 

 ARTICLE VII 

MISCELLANEOUS 

7.01        Successors and Assigns. This Agreement shall be binding upon and inure to
the benefit of Obligors, Agent, Lenders, Secured Parties, and their respective successors and assigns. The successors and assigns of the Obligors include, without limitation, their respective receivers, trustees, and
debtors-in-possession. 

7.02        Further Assurances. Each Obligor party hereto hereby agrees from time to
time, as and when requested by the Agent or any Lender, to execute and deliver or cause to be executed and delivered all such documents, instruments and agreements and to take or cause to be taken such further or other action as the Agent or such
Lender may reasonably deem necessary or desirable in order to carry out the intent and purposes of this Amendment and the other Loan Documents. 

7.03        Loan Document. This Amendment shall be deemed to be a “Loan
Document” for all purposes under the Loan Agreement. 
 7.04        Governing
Law. THIS AMENDMENT AND, UNLESS EXPRESSLY PROVIDED IN ANY LOAN DOCUMENT, ALL CLAIMS SHALL BE GOVERNED BY THE LAWS OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO ANY CONFLICT OF LAW PRINCIPLES EXCEPT FEDERAL LAWS RELATING TO NATIONAL
BANKS. 
 7.05        Consent to Forum. 

(a)        Forum. EACH OBLIGOR HEREBY CONSENTS TO THE EXCLUSIVE JURISDICTION
OF ANY STATE COURT SITTING IN NEW YORK COUNTY, NEW YORK 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 LOAN DOCUMENTS, AND AGREES THAT ANY
DISPUTE, ACTION, LITIGATION OR OTHER PROCEEDING SHALL BE BROUGHT BY IT SOLELY IN ANY SUCH COURT. EACH OBLIGOR 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 HERETO IRREVOCABLY AND UNCONDITIONALLY SUBMITS TO THE JURISDICTION OF SUCH COURTS AND CONSENTS TO SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES IN SECTION 14.3.1 OF THE
LOAN AGREEMENT. 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 LAW. 

(b)        Other Jurisdictions. Nothing herein shall limit the right of Agent,
any Security Trustee or any Lender to bring proceedings against any Obligor (other than a Mexican Domiciled Obligor) in any other court, nor limit the right of any party to serve process in any other manner permitted by Applicable Law (except with
respect to service of process to Mexican Domiciled Obligors). Nothing in this Amendment shall be deemed to preclude enforcement by Agent or any Security Trustee of any judgment or order obtained in any forum or jurisdiction. Final judgment against
an Obligor in any action, suit or proceeding shall be conclusive and may be enforced in any other jurisdiction, including the country in which such Obligor is domiciled, by suit on the judgment. 

  
 6 

 (c)        Each Mexican Domiciled
Obligor waives any right to any jurisdiction (other than as provided under Section 7.04 above and this Section 7.05) to which they may be entitled under Applicable Law, by reason of its present or future domicile, or otherwise, for the
purposes of proceedings against or involving any of the Mexican Domiciled Obligors, and waives any objection to those courts on the ground of venue or forum non conveniens. 

7.06        Severability. Wherever possible, each provision of this Amendment shall be
interpreted in such manner as to be valid under Applicable Law. 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 Amendment shall remain
in full force and effect. 
 7.07        Entire Agreement. Time is of the essence of
this Amendment. This Amendment constitutes the entire contract among the parties relating to the subject matter hereof, and supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof. 

7.08        Execution in Counterparts. This Amendment may be executed in counterparts,
each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Amendment shall become effective on the Amendment Effective Date. Delivery of a signature page of this Amendment by telecopy or
other electronic means shall be effective as delivery of a manually executed counterpart of such agreement. 

7.09        Costs and Expenses. The Borrowers agree to reimburse Agent and the
respective Lenders for all fees, costs and expenses, including the reasonable fees, costs and expenses of counsel or other advisors for advice, assistance, or other representation in connection with this Amendment. 

7.10        Reference to and Effect upon the Loan Documents. The amendments and
modifications described in this Amendment shall apply and be effective only with respect to the provisions of the Loan Agreement, Master Intercompany Note, Note Power and ABL Guarantee specifically identified in this Amendment. Except as expressly
amended herein, the Loan Agreement and the other Loan Documents shall continue in full force and effect in accordance with the provisions thereof, and are hereby ratified and confirmed. In each case except as expressly provided in this Amendment,
the execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy of Agent or any Lender under any of the Loan Documents, nor constitute a waiver or amendment of any provision of any of the Loan
Documents. Upon the effectiveness of this Amendment, each reference in the Loan Agreement to “this Agreement,” “hereunder,” “hereof,” “herein” or words of similar import shall mean and be a reference to the
Loan Agreement as amended hereby. 
 7.11        Authorizations and Instructions. The
Lenders party hereto, which collectively constitute the Required Lenders, hereby instruct and authorize the Agent, solely in its capacity as the Administrative Agent, to execute and deliver on the Amendment Effective Date the Intercreditor Agreement
in the form of Exhibit B hereto. 
 7.12        Section Headings. The section headings
herein are for convenience of reference only, and shall not affect in any way the interpretation of any of the provisions hereof. 

7.13        Release 7.14. Each of the Obligors (on behalf of itself and its
Subsidiaries) for itself and for its successors in title and assignees and, to the extent the same is claimed by right of, through or under any of the Obligors, for its past, present and future employees, agents, representatives (other than legal
representatives), officers, directors, shareholders, and trustees (each, a “Releasing Party” and collectively, the “Releasing Parties”), does hereby remise, release and discharge, and shall be deemed to have forever remised,
released and discharged, the Agent, each of the Lenders and each of the other Secured Parties in their respective capacities 

  
 7 

 
as such under the Loan Documents, and the Agent’s, each Lender’s and each other Secured Party’s respective
successors-in-title, legal representatives and assignees, past, present and future officers, directors, affiliates, shareholders, trustees, agents, employees,
consultants, experts, advisors, attorneys and other professionals and all other persons and entities to whom the Agent, each of the Lenders and each of the other Secured Parties or any of their respective successors-in-title, legal representatives and assignees, past, present and future officers, directors, affiliates, shareholders, trustees, agents, employees, consultants, experts, advisors, attorneys and
other professionals would be liable if such persons or entities were found to be liable to any Releasing Party or any of them (collectively, hereinafter the “Releasees”), from any and all manner of action and actions, cause and
causes of action, claims, charges, demands, counterclaims, crossclaims, suits, debts, dues, sums of money, accounts, reckonings, bonds, bills, specialties, covenants, contracts, rights of setoff and recoupment, controversies, damages, judgments,
expenses, executions, liens, claims of liens, claims of costs, penalties, attorneys’ fees, or any other compensation, recovery or relief on account of any liability, obligation, demand or cause of action of whatever nature, whether in law,
equity or otherwise (including, without limitation, any claims relating to (i) the making or administration of the Loans, including, without limitation, any such claims and defenses based on fraud, mistake, duress, usury or misrepresentation,
or any other claim based on so-called “lender liability” theories, (ii) any covenants, agreements, duties or obligations set forth in the Loan Documents, (iii) increased financing costs,
interest or other carrying costs, (iv) penalties, (v) lost profits or loss of business opportunity, (vi) legal, accounting and other administrative or professional fees and expenses and incidental, consequential and punitive damages
payable to third parties, (vii) damages to business reputation, or (viii) any claims arising under 11 U.S.C. §§ 541-550 or any claims for avoidance or recovery under any other federal,
state or foreign law equivalent), whether known or unknown, fixed or contingent, joint and/or several, secured or unsecured, due or not due, primary or secondary, liquidated or unliquidated, contractual or tortious, direct, indirect, or derivative,
asserted or unasserted, foreseen or unforeseen, suspected or unsuspected, now existing or heretofore existing against any of the Releasees, and which are, in each case, based on any act, fact, event or omission or other matter, cause or thing
occurring at any time prior to or on the date hereof, directly or indirectly arising out of, connected with or relating to this Amendment, the Credit Agreement or any other Loan Document and the transactions contemplated hereby or thereby, and all
other agreements, certificates, instruments and other documents and statements (whether written or oral) related to any of the foregoing (each, a “Claim” and collectively, the “Claims”); provided, that, no Releasing Party shall
have any obligation with respect to Claims to the extent such Claims are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the gross negligence, willful misconduct or bad faith of any Releasee.
Each Releasing Party further stipulates and agrees with respect to all Claims, that it hereby waives, to the fullest extent permitted by applicable law, any and all provisions, rights, and benefits conferred by any applicable U.S. federal or state
law, any applicable foreign law, or any principle of common law, that would otherwise limit a release or discharge of any unknown Claims pursuant to this Section 7.13. Each of the Borrowers and the other Obligors, on behalf of itself and its
successors, assigns, and other legal representatives, hereby absolutely, unconditionally and irrevocably, covenants and agrees with and in favor of each Releasee that it will not sue (at law, in equity, in any regulatory proceeding or otherwise) any
Releasee on the basis of any Claim released, remised and discharged by the Borrowers or any other Obligors pursuant to this Section 7.13. If the Borrowers, any other Loan Party or any of their successors, assigns or other legal representatives
violates the foregoing covenant, each of the Borrowers and other Obligors, each for itself and its successors, assigns and legal representatives, agrees to pay, in addition to such other damages as any Releasee may sustain as a result of such
violation, all reasonable and documented attorneys’ fees and costs incurred by any Releasee as a result of such violation. Each of the Releasing Parties hereby acknowledges that this release constitutes a material inducement to enter into this
Amendment, that each Releasee has already relied on this release in entering into this Amendment, and that each Releasee will continue to rely on this release in its related future dealings. Each of the Releasing Parties hereby further warrants and
represents that it has reviewed the terms of this Section 7.13 with its legal counsel and that it knowingly and voluntarily enters into the release contained in this Section 7.13 following consultation with legal counsel. This release is
irrevocable, meaning that it may not be modified either orally or in writing 

  
 8 

 
(other than by a mutual written waiver specifically referring to this Section 7.13 and executed by each of the parties hereto). 

Balance of Page Intentionally Left Blank 

Signature Pages Follow 

  
 9 

 IN WITNESS WHEREOF, duly authorized representatives of the parties have
executed this Amendment and the parties have delivered this Amendment, each as of the day and year first written above. 
  

			
	OBLIGORS:
	
	 HORIZON GLOBAL CORPORATION,
 a
Delaware corporation, as a U.S. Borrower, an Obligor and the Borrower Agent

	
	By:  /s/ Brian
Whittman                                    
	Name:   Brian Whittman
	Title:   Vice President, Finance
	
	HORIZON GLOBAL AMERICAS INC.,
	 a Delaware corporation, as a U.S. Borrower and an Obligor

	
	By:  /s/ Brian
Whittman                                    
	Name:   Brian Whittman
	Title:   Vice President, Finance
	
	 CEQUENT UK LIMITED, a company incorporated in England and Wales with company number 08081641, as UK Borrower
and an Obligor

	
	By:  /s/ Jay
Goldbaum                                      

	Name:   Jay Goldbaum
	Title:   Director
	
	 CEQUENT TOWING PRODUCTS OF CANADA LTD., a company formed under the laws of the Province of Ontario, as Canadian
Borrower and an Obligor

	
	By:  /s/ Jay
Goldbaum                                      

	Name:   Jay Goldbaum
	Title:   Vice President and Secretary

  
 [Signatures continue on
next page.] 

 
			
	HORIZON GLOBAL COMPANY LLC,
	a Delaware limited liability company, as an Obligor
	
	By: /s/ Brian
Whittman                                        

	Name:   Brian Whittman
	Title:   Vice President, Finance
	
	HORIZON INTERNATIONAL HOLDINGS LLC,
	a Delaware limited liability company, as an Obligor
	
	By: /s/ Brian
Whittman                                        

	Name:   Brian Whittman
	Title:   Vice President, Finance
	
	CEQUENT NEDERLAND HOLDINGS B.V.,
	 a company formed under the laws of the Netherlands, as an Obligor

	
	By: /s/ Jay
Goldbaum                                        
  
	Name:   Jay Goldbaum
	Title:   Director
	
	CEQUENT MEXICO HOLDINGS B.V.,
	 a company formed under the laws of the Netherlands, as an Obligor

	
	By: /s/ Jay
Goldbaum                                        
  
	Name:   Jay Goldbaum
	Title:   Director

  
 [Signatures continue on
next page.] 

 
			
	 CEQUENT SALES COMPANY DE MEXICO, S. DE R.L. de C.V.,

a limited liability company formed under the laws of Mexico, as an Obligor

	
	By:  /s/ Jay
Goldbaum                                        

	Name:   Jay Goldbaum
	Title:   Vice President and Director
	
	 CEQUENT ELECTRICAL PRODUCTS DE

MEXICO, S. DE R.L. de C.V.,
 a
limited liability company formed under the laws of Mexico, as an Obligor

	
	By:  /s/ Jay
Goldbaum                                        

	Name:   Jay Goldbaum
	Title:   Vice President and Director

  
 [Signatures continue on
next page.] 

 
			
	 AGENT AND REQUIRED LENDERS:
  

BANK OF AMERICA, N.A.,
 as Agent, a U.S. Lender, a
UK Lender and UK Swingline Lender

	
	By:  /s/ Kindra M. Mullarky                            
	Name:   Kindra M. Mullarky
	Title:   SVP
	
	 BANK OF AMERICA, N.A. (acting through its Canada branch), as a Canadian Lender and Canadian Swingline
Lender

	
	By:  /s/ Medina Sales de Andrade                    
	Name:   Medina Sales de Andrade
	Title:   Vice President
	
	 BANK OF AMERICA, N.A. (acting through its London branch), as UK Security Trustee

	
	By:  /s/ Kindra M. Mullarky                            
	Name:   Kindra M. Mullarky
	Title:   SVP

  
 [Signatures continue on
next page.] 

 
			
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as a U.S. Lender
	
	By:  /s/ Nykole
Hanna                                        

	Name:   Nykole Hanna
	Title:   Authorized Signatory
	
	WELLS FARGO CAPITAL FINANCE CORPORATION CANADA, as a Canadian Lender
	
	By:   /s/ Trevor
Tysick                                        

	Name:   Trevor Tysick
	Title:   Vice President
	
	WELLS FARGO BANK, NATIONAL ASSOCIATION, (London branch), as a UK Lender
	
	By:  /s/ S. J.
Chait                                        
      
	Name:   S. J. Chait
	Title:   Authorized Signatory

  
 [Signatures continue on
next page.] 

 
			
	 BANK OF MONTREAL, as a U.S. Lender and a UK

Lender

	
	By:  /s/ Elizabeth
Mitchell                                 
	Name:   Elizabeth Mitchell
	Title:   Vice President
	
	 BANK OF MONTREAL, Toronto Branch, as a Canadian Lender

	
	By:  /s/ Helen Alvarez-Hernandez                      
	Name:   Helen Alvarez-Hernandez
	Title:   Managing Director

 EXHIBIT A-1 

Amendments to Loan Agreement 

{see attached} 

 Exhibit A 

Conformed to SixthSeventh Amendment dated as of March 7, 15,
2019 
  
  

AMENDED AND RESTATED LOAN AGREEMENT 

Dated as of December 22, 2015 
  

 
 HORIZON GLOBAL CORPORATION,

 CEQUENT PERFORMANCE PRODUCTS, INC., and 

CEQUENT CONSUMER PRODUCTS, INC., 

as the U.S. Borrowers, 

CEQUENT UK LIMITED, 
 as
the UK Borrower, 
 CEQUENT TOWING PRODUCTS OF CANADA LTD., 

as the Canadian Borrower, 
 and
the other Obligors party hereto from time to time 
  
  

BANK OF AMERICA, N.A., 
 as
Agent 
  
  

BANK OF AMERICA, N.A., 
 as
Sole Lead Arranger and Sole Bookrunner 
  
  

							
	 SECTION 1  
	    	DEFINITIONS; RULES OF CONSTRUCTION	  	 	5	 
			
	 1.1  
	    	Definitions	  	 	5	 
	 1.2  
	    	Accounting Terms	  	 	81	 
	 1.3  
	    	Uniform Commercial Code/PPSA	  	 	81	 
	 1.4  
	    	Certain Matters of Construction	  	 	81	 
	 1.5  
	    	Currency Equivalents	  	 	82	 
	 1.6  
	    	Interpretation (Québec)	  	 	82	 
			
	 SECTION 2  
	    	CREDIT FACILITIES	  	 	83	 
			
	 2.1  
	    	Revolver Commitment	  	 	83	 
	 2.2  
	    	Canadian Letter of Credit Facility	  	 	88	 
	 2.3  
	    	UK Letter of Credit Facility	  	 	91	 
	 2.4  
	    	U.S. Letter of Credit Facility	  	 	94	 
	 2.5  
	    	Resignation of Issuing Banks	  	 	97	 
	 2.6  
	    	Effect of Amendment and Restatement	  	 	97	 
			
	 SECTION 3  
	    	INTEREST, FEES AND CHARGES	  	 	97	 
			
	 3.1  
	    	Interest	  	 	97	 
	 3.2  
	    	Fees	  	 	100	 
	 3.3  
	    	Computation of Interest, Fees, Yield Protection	  	 	101	 
	 3.4  
	    	Reimbursement Obligations	  	 	101	 
	 3.5  
	    	Illegality	  	 	102	 
	 3.6  
	    	Inability to Determine Rates	  	 	102	 
	 3.7  
	    	Increased Costs; Capital Adequacy	  	 	102	 
	 3.8  
	    	Mitigation	  	 	104	 
	 3.9  
	    	Funding Losses	  	 	104	 
	 3.10
	    	Maximum Interest	  	 	104	 
			
	 SECTION 4  
	    	LOAN ADMINISTRATION	  	 	105	 
			
	 4.1  
	    	Manner of Borrowing and Funding Revolver Loans	  	 	105	 
	 4.2  
	    	Defaulting Lender	  	 	107	 
	 4.3  
	    	Number and Amount of Interest Period Loans; Determination of Rate	  	 	108	 
	 4.4  
	    	Borrower Agent	  	 	108	 
	 4.5  
	    	One Obligation	  	 	109	 
	 4.6  
	    	Effect of Termination	  	 	109	 
	 4.7  
	    	Limitation on Borrowings	  	 	110	 
			
	 SECTION 5  
	    	PAYMENTS	  	 	110	 
			
	 5.1  
	    	General Payment Provisions	  	 	110	 
	 5.2  
	    	Repayment of Revolver Loans	  	 	110	 
	 5.3  
	    	Payment of Other Obligations	  	 	111	 
	 5.4  
	    	Marshaling; Payments Set Aside	  	 	111	 
	 5.5  
	    	Application and Allocation of Payments	  	 	111	 
	 5.6  
	    	Dominion Account	  	 	115	 
	 5.7  
	    	Account Stated	  	 	116	 
	 5.8  
	    	Taxes	  	 	116	 
	 5.9  
	    	Lender Tax Information	  	 	125	 
	 5.10
	    	Nature and Extent of Each Borrower’s Liability	  	 	126	 

  
 -1- 

							
	 5.11  
	    	Currency Matters	  	 	132	 
			
	 SECTION 6  
	    	CONDITIONS PRECEDENT	  	 	133	 
			
	 6.1    
	    	Conditions Precedent to Closing Date	  	 	133	 
	 6.2    
	    	Conditions Precedent to All Credit Extensions	  	 	136	 
			
	 SECTION 7  
	    	COLLATERAL	  	 	136	 
			
	 7.1    
	    	Grant of Security Interest	  	 	136	 
	 7.2    
	    	Cash Collateral	  	 	136	 
	 7.3    
	    	Collateral Assignment of Leases	  	 	137	 
	 7.4    
	    	Limitations	  	 	137	 
			
	 SECTION 8  
	    	COLLATERAL ADMINISTRATION	  	 	137	 
			
	 8.1    
	    	Borrowing Base Reports; Reallocation of U.S. Availability	  	 	137	 
	 8.2    
	    	Accounts	  	 	138	 
	 8.3    
	    	Inventory	  	 	139	 
	 8.4    
	    	[Reserved.]	  	 	139	 
	 8.5    
	    	Deposit Accounts	  	 	139	 
	 8.6    
	    	General Provisions	  	 	139	 
			
	 SECTION 9  
	    	REPRESENTATIONS AND WARRANTIES	  	 	140	 
			
	 9.1    
	    	General Representations and Warranties	  	 	140	 
			
	 SECTION 10
	    	COVENANTS AND CONTINUING AGREEMENTS	  	 	150	 
			
	 10.1  
	    	Affirmative Covenants	  	 	150	 
	 10.2  
	    	Negative Covenants	  	 	163	 
	 10.3  
	    	Financial Covenant	  	 	179	 
			
	 SECTION 11
	    	EVENTS OF DEFAULT; REMEDIES ON DEFAULT	  	 	180	 
			
	 11.1  
	    	Events of Default	  	 	180	 
	 11.2  
	    	Remedies upon Default	  	 	183	 
	 11.3  
	    	License	  	 	184	 
	 11.4  
	    	Setoff	  	 	184	 
	 11.5  
	    	Remedies Cumulative; No Waiver	  	 	184	 
	 SECTION 12
	    	AGENT	  	 	185	 
			
	 12.1  
	    	Appointment, Authority and Duties of Agent	  	 	185	 
	 12.2  
	    	Security Trustees	  	 	186	 
	 12.3  
	    	Agreements Regarding Collateral and Borrower Materials	  	 	191	 
	 12.4  
	    	Reliance By Agent	  	 	193	 
	 12.5  
	    	Action Upon Default	  	 	193	 
	 12.6  
	    	Ratable Sharing	  	 	193	 
	 12.7  
	    	Indemnification	  	 	193	 
	 12.8  
	    	Successor Agent and Co-Agents	  	 	194	 
	 12.9  
	    	Limitation on Responsibilities of Agent	  	 	194	 
	 12.10
	    	Due Diligence and Non-Reliance	  	 	195	 
	 12.11
	    	Remittance of Payments and Collections	  	 	195	 

  
 -2- 

							
	 12.12
	    	Individual Capacities	  	 	196	 
	 12.13
	    	Titles	  	 	196	 
	 12.14
	    	Bank Product Providers	  	 	196	 
	 12.15
	    	No Third Party Beneficiaries	  	 	196	 
	 12.16
	    	Authorization Regarding Intercreditor Agreement	  	 	196	 
	 12.17
	    	Withholding Taxes	  	 	196	 
			
	 SECTION 13
	    	BENEFIT OF AGREEMENT; ASSIGNMENTS	  	 	199	 
			
	 13.1  
	    	Successors and Assigns	  	 	199	 
	 13.2  
	    	Participations	  	 	199	 
	 13.3  
	    	Assignments	  	 	200	 
	 13.4  
	    	Replacement of Certain Lenders	  	 	200	 
			
	 SECTION 14
	    	MISCELLANEOUS	  	 	201	 
			
	 14.1  
	    	Consents, Amendments and Waivers	  	 	201	 
	 14.2  
	    	Indemnity	  	 	202	 
	 14.3  
	    	Notices and Communications	  	 	202	 
	 14.4  
	    	Performance of Obligors’ Obligations	  	 	204	 
	 14.5  
	    	Credit Inquiries	  	 	204	 
	 14.6  
	    	Severability	  	 	204	 
	 14.7  
	    	Cumulative Effect; Conflict of Terms	  	 	204	 
	 14.8  
	    	Counterparts; Execution	  	 	204	 
	 14.9  
	    	Entire Agreement	  	 	204	 
	 14.10
	    	Relationship with Lenders	  	 	204	 
	 14.11
	    	No Advisory or Fiduciary Responsibility	  	 	205	 
	 14.12
	    	Confidentiality	  	 	205	 
	 14.13
	    	Certifications Regarding Senior Term Loan Documents and Term Loan Documents	  	 	205	 
	 14.14
	    	GOVERNING LAW	  	 	206	 
	 14.15
	    	Consent to Forum	  	 	206	 
	 14.16
	    	Waivers by Obligors	  	 	206	 
	 14.17
	    	Patriot Act Notice and “Know Your Client/Customer” Checks	  	 	207	 
	 14.18
	    	Canadian Anti-Money Laundering Legislation	  	 	207	 
	 14.19
	    	NO ORAL AGREEMENT	  	 	207	 
	 14.20
	    	Process Agent	  	 	207	 

 LIST OF EXHIBITS AND SCHEDULES 

 

			
	 Exhibit A
	 	 Assignment

	 Exhibit B
	 	 Assignment Notice

	 Exhibit C-1
	 	 Form of In-Transit Inventory Lien Waiver

	 Exhibit C-2
	 	 Form of Vendor Lien Waiver

	 Exhibit D
	 	 Form of Perfection Certificate

	 Exhibit E
	 	 Form of Special Irrevocable Power of Attorney

	 Exhibit F
	 	 Form of Notice of Borrowing

	 Exhibit G
	 	 Form of Amended and Restated ABL Guarantee
and Collateral Agreement

		
	 Schedule 1.1(A)
	 	             Existing Letters of
Credit

  
 -3- 

			
	 Schedule 1.1(B)
	 	             Commitments of Lenders

	 Schedule 9.1.3
	 	             Governmental Licenses

	 Schedule 9.1.5
	 	             Real Property

	 Schedule 9.1.6
	 	             Disclosed Matters

	 Schedule 9.1.12
	 	             Subsidiaries

	 Schedule 9.1.13
	 	             Insurance

	 Schedule 9.1.23
	 	             Material Contracts

	 Schedule 10.2.1
	 	             Existing Debt
as of the Seventh Amendment Effective Date

	 Schedule 10.2.2
	 	             Existing Liens
as of the Seventh Amendment Effective Date

	 Schedule 10.2.4
	 	             Existing Investments
as of the Seventh Amendment Effective Date

	 Schedule 10.2.5
	 	             Permitted Asset Dispositions

	 Schedule 10.2.9
	 	             Existing Affiliate Transactions

	 Schedule 10.2.10
	 	             Existing Restrictive Agreements

 AMENDED AND RESTATED LOAN AGREEMENT 

THIS AMENDED AND RESTATED LOAN AGREEMENT is dated as of December 22, 2015 (as amended, restated, supplemented or
otherwise modified from time to time, this “Agreement”), and is by and among HORIZON GLOBAL CORPORATION, a Delaware corporation (“Parent Borrower”), CEQUENT PERFORMANCE PRODUCTS, INC., a
Delaware corporation (“Cequent Performance”), CEQUENT CONSUMER PRODUCTS, INC., an Ohio corporation (“Cequent Consumer”), CEQUENT UK LIMITED, a company incorporated in England and Wales
with company number 08081641 (“Cequent UK”), CEQUENT TOWING PRODUCTS OF CANADA LTD., a company formed under the laws of the Province of Ontario (“Cequent Canada”, and together with Parent Borrower, Cequent
Performance, Cequent Consumer, and Cequent UK, collectively, “Borrowers”), the other Persons from time to time party to this Agreement as Obligors (as defined herein), the financial institutions party to this Agreement from time to
time as Lenders, and BANK OF AMERICA, N.A., a national banking association, in its capacity as agent for itself and the other Secured Parties (“Agent”). 

R E C I T A L S: 

Parent Borrower, Cequent Performance, Cequent Consumer, certain Lenders, and Agent are party to that certain Loan Agreement
dated as of June 30, 2015 (as amended, restated or otherwise modified prior to the date hereof, the “Original Loan Agreement”), pursuant to which Agent and such Lenders made certain loans and other financial accommodations to
such Borrowers; 
 Borrowers
and Lenders have
elected to exercise their rights under Section 2.1.7 of the Original Loan Agreement to seek an
increase inagreed to reduce the Commitments up to an aggregate principal amount of
$99,000,00090,000,000 and, subject to the terms and conditions set forth in this Agreement, the Lenders party hereto have agreed to modify their respective Commitments to the levels described on Schedule 1.1(B) hereto;

 Borrowers, Lenders and Agent desire to amend in certain respects and restate in its entirety the Original Loan
Agreement as set forth herein; and 
 Borrowers have requested that Lenders provide credit facilities to Borrowers to
finance their mutual and collective business enterprise. Lenders are willing to provide the credit facilities on the terms and conditions set forth in this Agreement. 

  
 -4- 

 NOW, THEREFORE, for valuable consideration hereby acknowledged, the
parties agree that the Original Loan Agreement shall be amended and restated to read in its entirety as set forth herein, and the parties further agree as follows: 

SECTION 1 
 DEFINITIONS;
RULES OF CONSTRUCTION 
 1.1        Definitions. As used herein,
the following terms have the meanings set forth below: 
 “Account” as defined in the UCC or the PPSA, as
applicable, and in any event shall include all rights to payment for goods sold or leased, or for services rendered, whether or not they have been earned by performance. 

“Account Debtor” a Person obligated under an Account, Chattel Paper or General Intangible. 

“Accounts Formula Amount” the Canadian Accounts Formula Amount or the U.S. Accounts Formula Amount, as the
context requires. 
 “Acquisition” a transaction or series of transactions resulting in
(a) acquisition of a business, division or substantially all assets of a Person; (b) record or beneficial ownership of 50% or more of the Equity Interests of a Person; or (c) merger, consolidation or combination of a Borrower or
Subsidiary with another Person. 
 “Acquisition Lease Financing” any sale or transfer by the Parent Borrower or any Subsidiary of
any property, real or personal, that is acquired pursuant to a Permitted Acquisition, in an aggregate amount not to exceed $20,000,000 at any time after the Original Closing Date, which property is rented or leased by the Parent Borrower or such
Subsidiary from the purchaser or transferee of such property, so long as the proceeds from such transaction consist solely of cash. 

“Affiliate” with respect to a specified Person, another Person that directly, or indirectly through one or
more intermediaries, Controls or is Controlled by or is under common Control with the Person specified. 
 “Agent
Indemnitees” Agent and its officers, directors, employees, Affiliates, branches, agents and attorneys, including, without limitation, the Security Trustees. 

“Agent Professionals” attorneys, accountants, appraisers, auditors, business valuation experts, environmental
engineers or consultants, turnaround consultants, and other professionals and experts retained by Agent. 
 “Agreed
Security Principles” shall mean, with respect to only the Foreign Facility Obligations and the Foreign Obligors that are
not U.S. Obligors, principles in recognition of certain legal and practical difficulties in obtaining effective guarantees and security from such Foreign Obligors in jurisdictions in which it
has been agreed that a Lien on Collateral will be granted in order to secure the Foreign Facility Obligations, and the
agreement that in such jurisdictions or with respect to the Foreign Facility Obligations of such Foreign Obligors:

 (a)        general statutory limitations, financial
assistance, capital maintenance, corporate benefit, corporate interest (vennootschappelijk belang), fraudulent preference, “thin capitalization” rules, tax restrictions or costs, retention of title claims, liquidity maintenance and

  
 -5- 

 
similar principles may limit the ability of any such Foreign Obligor to provide a guarantee or security or may require that the guarantee or security be limited by an amount or otherwise; 

(b)        the consent of certain supervisory boards, works councils or
other external bodies or persons may be required under Applicable Law in such jurisdiction to enable any such Foreign Obligor to provide a guarantee or security, and such Foreign Obligor shall use best efforts to obtain such consent, but such
guarantee and/or security shall not be required unless such consent has been received; 

(c)        any such Foreign Obligor will not be required to give
guarantees or enter into Security Documents if it would conflict with the fiduciary duties of the directors, officers, managers (or equivalent) of such Foreign Obligor or contravene any legal prohibition or would result in (or in a material risk of) the contravention of the fiduciary duties of, or in civil, personal or criminal liability on the part of any directors, officers, managers
(or equivalent) of any such Foreign Obligor; 
 (d)        the
Liens (including, for the avoidance of doubt, the maximum amount secured thereunder to the extent required by any Applicable Law) securing the Foreign Facility Obligations and the extent of their perfection will be agreed by Agent and the Borrower Agent, taking into account the cost (including material adverse tax consequences or material adverse effects on interest
deductibility and stamp duty, notarization and registration fees) to such Foreign Obligors of providing such Liens so as to ensure that it is not excessive in light of the benefit accruing to the Foreign Facility Secured Parties; 

(e)        in certain jurisdictions it may be either legally impossible
or impractical (such impossibility or impracticality to be agreed by Agent and the Borrower Agent) to grant guarantees or create Liens over certain categories of assets in which event such guarantees will not be granted and Liens will not be taken
over such assets; provided that, to the extent a change in law makes it possible or practical to grant a Lien where it was previously considered impossible or impractical, such Foreign Obligors will provide such guarantees and/or Liens subject to
these Agreed Security Principles as soon as reasonably practicable; 

(f)        no such Foreign Obligor shall be required to guarantee or
grant Liens to secure the Foreign Facility Obligations to the extent that providing such guarantee or Liens would result in
material adverse tax consequences (including creation of any investment in United States property under
Section 956 of the
Code) to an Obligor or a Subsidiary of an Obligor, as reasonably determined by Borrower Agent in consultation with Agent; and 

(g)        perfection of Liens, when required, and other legal
formalities will be completed as soon as reasonably practicable and, in any event, within the time periods specified in the relevant Security Documents or this Agreement (as such times may be extended by Agent in its reasonable discretion if the
relevant provision so allows). 
 As of the
ClosingSeventh Amendment Effective Date, the Obligors agree that no condition of any of the types described in the foregoing clauses (a) through (g) exists, and that the Agreed Security Principles shall not, as of the ClosingSeventh Amendment Effective Date, limit the guarantees provided (or to be provided pursuant to
Section 10.1.15) and Liens granted (or to be granted pursuant to
Section 10.1.15)
by the Foreign Obligors party to this Agreement on the ClosingSeventh Amendment Effective Date. 
 “Agreement Currency” as defined in
Section 1.5. 
 “Allocable Amount” as defined in
Section 5.10.3. 

“Alternative Incremental
Debt” any Debt incurred by a U.S. Obligor in the form of one
or more series of secured or unsecured bonds, debentures, notes or similar instruments or in the form of
loans; 

  
 -6- 

 
provided thatAmended and
Restated ABL Guarantee and Collateral
Agreement” Amended
 and Restated ABL Guarantee and Collateral Agreement, in the form attached as Exhibit G hereto, dated as of the Seventh Amendment Effective Date, by and among the Agent and the Obligors party thereto (which amends and restates (i)
that certain Foreign Facility Guarantee and Collateral Agreement, dated as of the Closing Date, by and among Cequent
Performance, Horizon International Holdings LLC, a Delaware limited liability company, the Canadian Domiciled Obligors, the UK Domiciled Obligors, the Mexican Domiciled Obligors, Cequent Nederland Holdings B.V., certain other Obligors and
Agent
and
(ii) that
 certain ABL Guarantee and Collateral Agreement, dated as of June 30, 2015, by and among the U.S. Obligors and
Agent), as amended, restated, supplemented or otherwise modified from time to time. 

(a)       
 if such Debt is secured, (i) such Debt shall be secured only by a Lien on the Collateral securing the Term Loan Debt having the same priorities in the Term Priority Collateral and the Revolver Priority Collateral as the Term Loan Debt (or on a
junior basis) and shall not be secured by any properties or assets of any Obligor other than the Collateral securing the Term Loan Debt (provided that if such Debt is in the form of loans, it may be secured by Liens on the
Collateral only on a junior basis to the Liens on the Collateral securing the Obligations), (ii) the security agreements relating to such Debt shall be substantially similar to the Term Loan Security Documents (with such differences as are
reasonably satisfactory to Agent and other than, in the case of Debt secured on a junior basis, with respect to priority) and (iii) such Debt shall be subject to a customary intercreditor agreement in form and substance reasonably satisfactory to
Agent, 
 (b)        such Debt does not mature earlier than the date that is 91 days after the Latest Maturity Date in effect hereunder at the time of
incurrence thereof and has a weighted average life to maturity no shorter than the Term Loan Debt with the Latest Maturity Date in effect at the time of incurrence of
such Debt, 

(c)       
 the definitive documentation in respect of such Debt (i) contains covenants, events of default and other terms that are customary for similar Debt in light
of then-prevailing market conditions and (ii) shall not contain additional
covenants or events of default not otherwise applicable to the Term Loan Debt or the Loans or covenants more restrictive than the covenants applicable to the Term Loan Debt or the Loans; provided that the foregoing clause (ii) shall not apply to covenants or events of default applicable only to periods after the Latest
Maturity Date in effect immediately prior to the establishment of such Debt; provided further that any such Debt may include additional covenants or events of default not otherwise applicable to the Term Loan Debt or the Loans or covenants more restrictive than the covenants
applicable to the Term Loan Debt or the Loans in each case prior to the Latest Maturity Date in effect immediately prior to the establishment of such Debt so long as this Agreement is amended to provide all of the Lenders with the benefits of such
additional covenants, events of default or more restrictive
covenants, 

(d)       
 such Debt does not provide for any mandatory prepayment, redemption or repurchase (other than upon a change of control, fundamental change, conversion or exchange in the case of convertible or exchangeable Debt, customary asset sale or event of
loss mandatory offers to purchase, and customary acceleration rights after an event of default) prior to the date that is 91 days after the Latest Maturity Date in effect hereunder at the time of incurrence of such Debt; provided that any such Debt secured by Liens on a pari passu basis with the Liens on the Collateral
securing the Term Loan Debt (any such Debt, “Pari Passu Alternative
Incremental Debt”) may be subject to a mandatory prepayment offer from the
Net Proceeds of any event that triggers a mandatory prepayment of the Term Loan Debt so long as the holders of such Debt receive no more than their
ratable
share
of
such
prepayment
(such
ratable
share
to
be
calculated 

  
 -7- 

 by
reference to the outstanding amount of such Debt, the outstanding amount of the Term Loan Debt and the outstanding
amount of Pari Passu Permitted Term Loan Refinancing Debt, in each case immediately prior to such
prepayment), 
 (e)        at the time of incurrence of such Alternative Incremental Debt, (i) no Default shall have occurred and be continuing hereunder nor any “Default” under and
as defined in the Term Loan Agreement, both immediately prior to and immediately after giving effect to the incurrence of such Alternative Incremental Debt and
(ii) the representations and warranties of each Obligor set forth in the Loan
Documents and the Term Loan Documents shall be true and correct in all material respects (or in all respects if qualified by materiality) on and as of such date;
and 

(f)       
 such Debt is not guaranteed by any Person other than U.S. Obligors.  

Alternative Incremental Debt will include any Registered Equivalent Notes
issued in exchange therefor. 
 “AML
Legislation” as defined in Section 14.17. 
 “Anti-Corruption Laws” all
laws, rules, and regulations of any jurisdiction applicable to any Borrower or its Subsidiaries from time to time concerning or relating to bribery or corruption. 

“Applicable Law” all laws, rules, regulations and governmental guidelines applicable to the Person, conduct,
transaction, agreement or matter in question, including all applicable statutory law, common law and equitable principles (including, without limitation, any banking, exchange control, financial assistance, minimum capitalization, fraudulent
conveyance, mandatory labor advice or similar rules or regulations), and all provisions of constitutions, treaties, statutes, rules, regulations, orders and decrees of Governmental Authorities. 

“Applicable Lenders” (a) with respect to the Canadian Borrower, the Canadian Lenders, (b) with respect
to the UK Borrower, the UK Lenders, and (c) with respect to the U.S. Borrowers, the U.S. Lenders. 

“Applicable Margin” the margin set forth below, as determined by the average daily Total Availability for the
last Fiscal Quarter: 
  

																					
	     

Level
	  	 
	Average Daily
Availability	 
 	  	 

	U.S. Base
Rate
Loans,
Canadian
Base Rate
Loans and
Canadian
Prime Rate
Loans, UK
Base Rate
Loans

(other than
the FILO
Loans)
	 
 
 
 
 
 
 
 
 
 
 

 
 

 
	 	 

	Canadian
BA Rate
Loans,
LIBOR
Revolver
Loans
(other than
the
FILO
Loans)	 
 
 
 
 
 
 
 
 
	 	 
	Base Rate
FILO Loans	 
 	  	 
	LIBOR
FILO Loans	 
 
	 I
	  	3	$75,000,00	 	  	 	0.251.25	% 	 	 	1.252.25	% 	 	 	1.00%	 	  	 	2.00%	 

  
 -8- 

													
	 II
	  	3 $50,000,000
 and <

$75,000,000
	  	0.501.50%	  	1.502.50%	  	1.25%	  	 	2.25%	 
	 III
	  	3 $25,000,000
and <
$50,000,000	  	0.751.75%	  	1.752.75%	  	1.50%	  	 	2.50%	 
	 IV
	  	< $25,000,000	  	1.002.00%	  	2.003.00%	  	1.75%	  	 	2.75%	 

 Until the sixthree-month anniversary of the Original ClosingSeventh Amendment Effective Date, margins shall be determined as if
Level IIIIV were applicable. Thereafter, margins shall be subject to increase or decrease by Agent on the first day of the calendar month following each Fiscal Quarter end. If Agent is unable to calculate average daily Total
Availability for a Fiscal Quarter due to Borrowers’ failure to deliver any Borrowing Base Report when required hereunder, then, at the option of Agent or Required Lenders, margins shall be determined as if Level IV were applicable until the
first day of the calendar month following its receipt. 
 “Approved Fund” any Person (other than a
natural Person) engaged in making, purchasing, holding or otherwise investing in commercial loans in its ordinary course of activities. 

“Asset Disposition” a sale, lease, license, consignment, transfer or other disposition of Property of an
Obligor, including any disposition in connection with a sale-leaseback transaction or synthetic lease. 

“Assignment” an assignment agreement between a Lender and an Eligible Assignee, in the form of Exhibit A
or otherwise satisfactory to Agent. 

“Assumed Preferred
Stock” any preferred stock or preferred equity interests of
any Person that becomes a Subsidiary after the Original Closing Date; provided that
(a) such preferred stock or preferred equity interests exist at the time such Person becomes a Subsidiary and are not created in contemplation of or in connection with such Person becoming a Subsidiary and
(b) the aggregate liquidation value of all such outstanding preferred stock and preferred equity interests shall not exceed $10,000,000 at any time outstanding, less the aggregate principal amount of Debt incurred and outstanding pursuant to Section 
10.2.1(a)(x). 

“Availability Reserve” the Canadian Availability Reserve, the UK Availability Reserve and/or the U.S.
Availability Reserve, as the context requires. 
 “Bail-In Action”
means the exercise of any Write-Down and Conversion Powers by the applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution. 

“Bail-In Legislation” means, with respect to any EEA Member Country
implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law for such EEA Member Country from time to time which is described in the EU
Bail-In Legislation Schedule. 
 “Bank of America” Bank of America,
N.A., a national banking association, and its successors and assigns. 
 “Bank of America (Canada)” Bank of
America (acting through its Canada branch). 
 “Bank of America (London)” Bank of America (acting through
its London branch). 

  
 -9- 

 “Bank of America Indemnitees” Bank of America, Bank of
America (Canada), Bank of America (London), and their respective officers, directors, employees, Affiliates, branches, agents and attorneys. 

“Bank Product” any of the following products, services or facilities extended to any Borrower or Affiliate of
a Borrower by a Lender or any of its Affiliates or branches: (a) Cash Management Services; (b) products under Hedging Agreements; (c) commercial credit card and merchant card services; (d) Supply Chain Finance Arrangements; and
(e) other banking products or services, other than Letters of Credit. 
 “Bank Product Reserve” the
Canadian Bank Product Reserve, the UK Bank Product Reserve and/or the U.S. Bank Product Reserve, as the context requires. 

“Base Incremental Amount” as of any date, an
amount equal to (a) $45,000,000 less (b) the aggregate principal amount of Incremental Term Commitments established prior to such date under the Term Loan Agreement in reliance on the Base Incremental Amount less (c) the aggregate principal amount
of Alternative Incremental Debt established prior to such date in reliance on the Base Incremental Amount. 

“Base Rate” Canadian Base Rate and/or U.S. Base Rate, as the context requires. 

“Base Rate Loan” a Canadian Base Rate Loan, UK Base Rate Loan and/or U.S. Base Rate Loan, as the context
requires. 
 “Beneficial Ownership Certification” means a certification regarding beneficial ownership
required by the Beneficial Ownership Regulation. 
 “Beneficial Ownership Regulation” means 31 C.F.R.
§ 1010.230. 
 “Benefit Plan” means any of (a) an “employee benefit plan” (as defined
in 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”. 

“Board” the Board of Governors of the Federal Reserve System of the United States of America. 

“Borrowed Money” with respect to any Obligor, without duplication, its (a) Debt that (i) arises
from the lending of money by any Person to such Obligor, (ii) is evidenced by notes, drafts, bonds, debentures, credit documents or similar instruments or (iii) accrues interest or is a type upon which interest charges are customarily paid
(excluding trade payables owing in the Ordinary Course of Business); (b) Capital Lease Obligations and (c) reimbursement obligations with respect to letters of credit. 

“Borrower Agent” as defined in Section 4.4. 

“Borrower Group” a group consisting of (a) the Canadian Borrower, (b) the UK Borrower, or
(c) the U.S. Borrowers, as the context requires. 
 “Borrower Group Commitment” with respect to the
commitment of (a) a Canadian Lender, its Canadian Revolver Commitment, (b) a UK Lender, its UK Revolver Commitment and (c) a U.S. Lender, its U.S. Revolver Commitment. The term “Borrower Group Commitments” means
(i) the Borrower Group Commitment of all Canadian Lenders, (ii) the Borrower Group Commitment of all UK Lenders, or 

  
 -10- 

 
(iii) the Borrower Group Commitment of all U.S. Lenders, as the context requires. To the extent any Lender has more than one Borrower Group Commitment, each such Commitment shall be considered as
a separate Commitment for purposes of this definition. 
 “Borrower Materials” Borrowing Base Reports,
Compliance Certificates and other information, reports, financial statements and other materials delivered by Borrowers hereunder, as well as other Reports and information provided by Agent to Lenders. 

“Borrowing” a group of Loans that are made or converted together on the same day and have the same interest
option and, if applicable, Interest Period. 
 “Borrowing Base” (a) the Canadian Borrowing Base,
(b) the UK Borrowing Base, and/or (c) the U.S. Borrowing Base, as the context requires. 
 “Borrowing Base
Report” a report of each Borrowing Base and the Total Borrowing Base by Borrower Agent, on behalf of Borrowers, together with information regarding any retention of title from vendors to UK Borrower, all in form and substance satisfactory
to Agent. 
 “Borrowing Base Trigger Period” the period (a) commencing on the day that an Event of
Default occurs or U.S. Adjusted Availability is less than or equal to, for 2 consecutive Business Days, the lesser of (i) 15%
of the U.S. Borrowing Base (computed without regard to the U.S. Special Availability Block) or (ii) 15% of the aggregate amount of all U.S. Revolver Commitments; and (b) continuing until no Event of Default exists and, during each of the preceding 30 consecutive days, U.S. Adjusted Availability has been greater than the lesser of (i) 15% of the U.S. Borrowing Base (computed without regard to the U.S. Special Availability Block) or (ii) 15% of the
aggregate amount of all U.S. Revolver Commitments. 
 “Business Day” any day other than a Saturday,
Sunday or other day on which commercial banks are authorized to close under the laws of, or are in fact closed in, New York City, North Carolina or Illinois, and when used in reference to (a) a LIBOR Loan, the term shall also exclude any day on
which dealings in Dollar deposits are not conducted in the London interbank market, (b) a UK Revolver Loan, the term shall also exclude any day (i) on which banks are not open for the transaction of banking business in London, England and
(ii) in respect of any such UK Revolver Loan denominated in Euros, any day that is not a TARGET Day, and (c) a Canadian Revolver Loan, the term shall also exclude a day on which banks in Toronto, Ontario, Canada are not open for the
transaction of banking business. 
 “Canadian Accounts Formula Amount” 85% of the Value of Canadian
Eligible Accounts; provided, however, that such percentage shall be reduced by 1.0% for each percentage point (or portion thereof) that the Dilution Percent of the Canadian Borrower exceeds 5%. 

“Canadian Allocated U.S. Availability” U.S. Availability designated by the Borrower Agent for application to
the Canadian Borrowing Base. 
 “Canadian Availability” the Canadian Borrowing Base minus the
Canadian Revolver Usage. 
 “Canadian Availability Reserve” the sum (without duplication) of (a) the
Canadian Inventory Reserve; (b) the Canadian Rent and Charges Reserve; (c) the Canadian Bank Product Reserve; (d) the aggregate amount of liabilities secured by Liens upon Canadian Facility Collateral that are (or, in the opinion of
Agent in the exercise of its Permitted Discretion, may be) senior to Agent’s Liens or that Agent in its Permitted Discretion determines may be required to be paid to permit or facilitate exercise of rights or remedies with respect to Canadian
Facility Collateral (but imposition of any such reserve shall not waive an Event of Default arising therefrom), including, without limitation, any such amounts due 

  
 -11- 

 
and not paid for wages or vacation pay (including amounts protected by the Wage Earner Protection Program Act (Canada)), amounts 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 Income Tax Act (Canada), amounts currently or past due and not paid for realty, municipal or similar Taxes
(to the extent impacting any Canadian Facility Collateral), all amounts currently or past due and not contributed, remitted or paid to any Canadian Pension Plan or under the Canada Pension Plan or the PBA, and any amounts representing any unfunded
liability, solvency deficiency or wind up deficiency with respect to any Canadian Pension Plan or Canadian Multi-Employer Plan and (e) such additional reserves, in such amounts and with respect to such matters, as Agent in its Permitted
Discretion may elect to impose from time to time;
provided the imposition of
any such reserves or change in a reserve after the Closing Date shall not be effective until two (2) Business Days after notice thereof (which may be oral notice, promptly confirmed in writing) to the Borrower Agent unless
(i) a Default has occurred and is then continuing, (ii) the reserve or change in reserve is the result of a Lien,
senior in priority to Agent’s or the applicable Security Trustee’s Lien, attached to any Canadian Facility Collateral
included in the Canadian Borrowing Base and/or (iii) the changes to any such
reserve results solely from mathematical calculations of the amount of such reserve in accordance with the
methodology of calculation previously utilized (in the case of each of which such reserve or change in reserve shall
be effective immediately); and provided further that during any such two (2) Business Day notice period, Lenders shall have no obligations to fund any Canadian Revolver Loan or cause to be issued any Canadian Letter of Credit to the extent that, after giving pro forma effect to the making of such Canadian Revolver Loan or issuance of such Canadian Letter of Credit and to the establishment of any such new reserve or change in such reserve, a Canadian Overadvance would exist. 

“Canadian BA Rate” with respect to each Interest Period for a Canadian BA Rate Loan, thea per annum rate of interest
per annum equal to the average rate
applicable to Canadian Dollar bankers’
acceptances having an identical or comparable term as the proposed Canadian BA Rate Loan displayed and identified as such on the display referred to as the “CDOR Page” (or any
display substituted therefor) of Reuter Monitor Money Rates Service as at approximatelyCanadian Dollar bankers’ acceptance rate, or comparable or successor rate approved by Agent, determined by it at or about 10:00 a.m.
(Toronto time on
such) on the applicable day (or the preceding Business Day, if suchthe applicable day is not a Business Day, as of 10:00 a.m. Toronto time on the immediately preceding Business Day), provided that if such rate does not appear on the CDOR Page at such time on such date, the rate for such date will be the annual discount rate (rounded upward to the nearest whole multiple of 1/100 of 1%) as of 10:00 a.m. Local Time on such day at which a Canadian chartered bank listed on Schedule I of the Bank Act (Canada) as selected by Agent is then offering to purchase Canadian Dollar bankers’ acceptances accepted by it having such specified term (or a term as closely as possible comparable to such specified term). In) for a term comparable to the Canadian BA Rate
Loan, as published on the CDOR or other applicable Reuters screen page (or other commercially available source designated by Agent from time to time); provided, that in no event shall the Canadian
BA Rate be less than zero. 
 “Canadian BA Rate Loan” a Canadian Revolver Loan, or portion thereof,
funded in Canadian Dollars and bearing interest calculated by reference to the Canadian BA Rate. 
 “Canadian Bank
Product Reserve” the aggregate amount of reserves established by Agent from time to time in its Permitted Discretion in respect of Secured Bank Product Obligations for the account of the Canadian Domiciled Obligors and any Affiliate thereof
domiciled in Canada. 
 “Canadian Base Rate” on any date, the highest of (a) a fluctuating rate of
interest per annum equal to the rate of interest in effect for such day as publicly announced from time to time by Bank of America (Canada) as its “Base Rate”, (b) the sum of 0.50% plus the Federal Funds Rate for such day, and

  
 -12- 

 
(c) the sum of 1.00% plus the LIBOR rate for a thirty (30) day Interest Period as of such day. The “Base Rate” is a rate set by Bank of America (Canada) based upon various factors
including Bank of America (Canada)’s costs and desired return, general economic conditions and other factors, and is used as a reference point for pricing some loans made in Dollars in Canada, which may be priced at, above, or below such
announced rate. Any change in such rate shall take effect at the opening of business on the day of such change. In the event Bank of America (Canada) (including any successor or assignee) does not at any time announce a “Base Rate”, clause
(a) of Canadian Base Rate shall mean the “Base Rate” (being the rate for loans made in Dollars in Canada) publicly announced by a Canadian chartered bank listed on Schedule I of the Bank Act (Canada) selected by Agent. In no event
shall the Canadian Base Rate be less than zero. 
 “Canadian Base Rate Loan” a Canadian Revolver Loan, or
portion thereof, funded in Dollars and bearing interest calculated by reference to the Canadian Base Rate. 

“Canadian Borrower” Cequent Canada (as defined in the preamble to this Agreement). 

“Canadian Borrowing Base” on any date of determination, an amount (expressed in Dollars, based on the Dollar
Equivalent thereof) equal to the lesser of (a) the aggregate Canadian Revolver Commitments and (b) the sum of the Canadian Accounts Formula Amount, plus the Canadian Inventory Formula Amount, plus Canadian Allocated U.S.
Availability, minus the Canadian Availability Reserve; provided, however, that no Accounts, Inventory or other Property acquired in a Permitted Acquisition
or otherwise outside the Ordinary Course of Business shall
be included in the calculation of the Canadian Borrowing Base until completion of a customary due diligence investigation by Agent, which may in Agent’s sole discretion include applicable field examinations and appraisals (which shall not be
included in the limits on the number of field examinations or appraisals provided in Section 10.1.1) satisfactory to Agent. 

“Canadian Commitment Termination Date” the earliest to occur of (a) the Revolver Termination Date;
(b) the date on which U.S. Borrowers terminate the U.S. Revolver Commitments pursuant to Section 2.1.4; (c) the date on which the U.S. Revolver Commitments are terminated pursuant to
Section 11.2; (d) the date on which Canadian Borrower terminates the Canadian Revolver Commitments pursuant to Section 2.1.4; and (e) the date on which the Canadian Revolver Commitments are
terminated pursuant to Section 11.2. 

“Canadian Deposit Account Control Agreement” a control agreement (whether in the form of an agreement,
notice and acknowledgement or like instrument) satisfactory to Agent executed by an institution maintaining a Deposit
Account for an Obligor in favor of Agent or Security Trustee as security for the Canadian Facility Obligations of such
Obligor. 
 “Canadian Dollars or
Cdn$” the lawful currency of Canada. 
 “Canadian Domiciled Obligor” Canadian Borrower and each
Canadian Subsidiary that is or is required to be liable for payment of any Foreign Facility Obligations or that has granted a
Lien on its assets in favor of Agent to secure any Foreign Facility Obligations, and “Canadian Domiciled
Obligors” means all such Persons, collectively. 
 “Canadian Dominion Account(s)” one or
more special accounts established by the Canadian Borrower at Bank of America (Canada) or another bank reasonably acceptable to Agent, and, as required under Section 8.2.4, with respect to which Agent has the right to issue
a notice of exclusive control for withdrawal purposes during a Dominion Trigger Period. 

  
 -13- 

 “Canadian Eligible Account” an Account owing to Canadian
Borrower that arises in the Ordinary Course of Business from the sale of goods, is payable in Dollars or Canadian Dollars and is deemed by Agent, in its Permitted Discretion, to be a Canadian Eligible Account. Without limiting the foregoing, no
Account shall be a Canadian Eligible Account if (a) it is unpaid for more than 60 days after the original due date, or more than 120 days after the original invoice date; (b) 50% or more of the Accounts owing by the Account Debtor are not
Canadian Eligible Accounts under the foregoing clause; (c) when aggregated with other Accounts owing by the Account Debtor, it exceeds (but solely to the extent of such excess) 15% of the aggregate Canadian Eligible Accounts (or such higher
percentage as Agent may establish for the Account Debtor from time to time); (d) it does not conform with a covenant or representation herein; (e) it is owing by a creditor or supplier, or is otherwise subject to a potential offset,
counterclaim, dispute, deduction, discount, recoupment, reserve, defense, chargeback, credit or allowance (but ineligibility shall be limited to the amount thereof); (f) an Insolvency Proceeding has been commenced by or against the Account Debtor;
or the Account Debtor has failed, has suspended or ceased doing business, is liquidating, dissolving or winding up its affairs, is not Solvent, or is subject to any Sanction or on any specially designated nationals list maintained by OFAC or any
other Governmental Authority; or Canadian Borrower is not able to bring suit or enforce remedies against the Account Debtor through judicial process, unless the Account is supported by a letter of credit (delivered to and directly drawable by Agent)
from a financial institution reasonably acceptable to Agent and on terms reasonably satisfactory to Agent; (g) the Account Debtor is organized or has its principal offices or assets outside the United States or Canada, unless the Account is
supported by a letter of credit (delivered to and directly drawable by Agent) from a financial institution reasonably acceptable to Agent and on terms reasonably satisfactory to Agent; (h) it is owing by a Governmental Authority, unless
(i) the Account Debtor is the United States or any department, agency or instrumentality thereof and the Account has been assigned to Agent in compliance with the United States federal Assignment of Claims Act or (ii) the Account Debtor is
the government of Canada or a province or territory thereof, or any department, agency or instrumentality of any such government, and the Account has been assigned to Agent in compliance with the Financial Administration Act (Canada) (or similar
Applicable Law of such province or territory), and any other steps necessary to perfect or render opposable the Lien of Agent on such Account have been complied with to Agent’s satisfaction; (i) it is not subject to a duly perfected, first
priority Lien in favor of Agent, or is subject to any other Lien (other than Permitted Encumbrances and Liens permitted under Sections 10.2.2(a) and 10.2.2(r) (in each case provided that no such Permitted Encumbrance or Lien permitted
under Section 10.2.2(a) or Section 10.2.2(r) is prior to the Lien of Agent, unless a Canadian Availability Reserve is in effect with respect thereto)); (j) the goods giving rise to it have not been
delivered to the Account Debtor, the services giving rise to it have not been accepted by the Account Debtor, or it otherwise does not represent a final sale; (k) it is evidenced by Chattel Paper or an Instrument of any kind, or has been
reduced to judgment; (l) its payment has been extended or the Account Debtor has made a partial payment; (m) it arises from a sale to an Affiliate, from a sale on a
cash-on-delivery, bill-and-hold, sale-or-return, sale-on-approval, consignment, or other repurchase or return basis, or from a sale for personal, family or
household purposes; (n) it represents a progress billing or retainage, or relates to services for which a performance, surety or completion bond or similar assurance has been issued; or (o) it includes a billing for interest, fees or late
charges, but ineligibility shall be limited to the extent thereof. In calculating delinquent portions of Accounts under clauses (a) and (b), credit balances more than 120 days old will be excluded. 

“Canadian Eligible Inventory” Inventory owned by Canadian Borrower that Agent, in its Permitted Discretion,
deems to be Canadian Eligible Inventory. Without limiting the foregoing, no Inventory shall be Canadian Eligible Inventory unless it (a) is finished goods or raw materials or
work-in-process and not packaging or shipping materials, labels, samples, display items, bags, replacement parts or manufacturing supplies; (b) is not held on
consignment, nor subject to any deposit or down payment; (c) is in new and saleable condition and is not damaged, defective, shopworn or otherwise 

  
 -14- 

 
unfit for sale; (d) is not slow-moving, perishable, obsolete or unmerchantable, and does not constitute returned or repossessed goods; (e) meets all standards imposed by any
Governmental Authority, has not been acquired from a Person subject to any Sanction or on any specially designated nationals list maintained by OFAC or any other Governmental Authority, and does not constitute Hazardous Materials under any
Environmental Law; (f) conforms with the covenants and representations herein; (g) is subject to Agent’s duly perfected, first priority Lien, and no other Lien (other than Permitted Encumbrances and Liens permitted under Sections
10.2.2(a) and 10.2.2(r) (in each case provided that no such Permitted Encumbrance or Lien permitted under Section 10.2.2(a) or Section 10.2.2(r) is prior to the Lien of Agent, unless a
Canadian Availability Reserve is in effect with respect thereto)); (h) is within the continental United States or Canada, is not in transit except between locations of Canadian Borrower, and is not consigned to any Person; (i) is not subject to
any negotiable document; (j) is not subject to any License or other arrangement that restricts Canadian Borrower’s or Agent’s right to dispose of such Inventory, unless Agent has received an appropriate Lien Waiver or an appropriate
Canadian Rent and Charges Reserve has been established; and (k) is not located on leased premises or in the possession of a warehouseman, processor, repairman, mechanic, shipper, freight forwarder or other Person, unless the lessor or such
Person has delivered a Lien Waiver or an appropriate Canadian Rent and Charges Reserve has been established; and (l) is reflected in the details of a current perpetual inventory report. 

“Canadian Employee Plan” any employee benefit plan, policy, program, agreement or arrangement, including
retirement, pension, profit sharing, employment, bonus or other incentive compensation, retention, stock purchase, equity or equity-based compensation, deferred compensation, change in control, severance, sick leave, vacation, loans, salary
continuation, hospitalization, health, life insurance, educational assistance or other fringe benefit or perquisite plan, policy, agreement which is or was sponsored, maintained or contributed to by, or required to be contributed to by, a Canadian
Domiciled Obligor, or with respect to which a Canadian Domiciled Obligor has, or could reasonably be expected to have, any obligation or liability, contingent or otherwise, but excluding the Canada Pension Plan and any provincial or federal program
providing health benefits, employment insurance or workers’ compensation benefits. 
 “Canadian Facility
Collateral” Collateral granted by any Canadian Domiciled Obligor that now
or hereafter secures (or is intended to secure) any of the Canadian Facility Obligations. 

“Canadian Facility Guarantor” each Dutch Domiciled Obligor, each U.S. Domiciled Obligor, each UK Domiciled
Obligor, each Mexican Domiciled Obligor, each Canadian Subsidiary Obligor, each German Domiciled Obligor and each other Person that guarantees or is required to guarantee payment or performance of the Canadian Facility Obligations (including pursuant to a Foreign Cross-Guarantee) pursuant to
Section 10.1.9 and/or the Collateral and Guarantee Requirement. 
 “Canadian
Facility Obligations” all Obligations of the Canadian Facility Obligors owed to the Canadian Facility Secured Parties, and the other Foreign Facility Obligations that are the subject of a cross-Guarantee (including, without limitation, the Foreign Cross-Guarantee) made by the Canadian Facility Obligors.(a) principal
of and premium, if any, on the Canadian Revolving Loans, (b) Canadian LC Obligations and other obligations with respect to Canadian Letters of Credit, (c) interest,
expenses, fees, indemnification obligations, Extraordinary Expenses and other amounts payable in connection with the Canadian Revolving Loans under Loan Documents,
(d) Secured
 Bank Product Obligations for the account of the Canadian Borrower and any Canadian Subsidiary or Affiliate domiciled in Canada, and
(e) other
 Debts, obligations and liabilities of any kind owing with respect to the Canadian Revolving Loans pursuant to the Loan Documents, whether now existing or hereafter arising, whether evidenced by a note or
other
writing,
whether
allowed
in
any
Insolvency
Proceeding,
whether
arising
from
an
extension
of 

  
 -15- 

 
credit, issuance of a letter of credit, acceptance, loan, guaranty,
indemnification or otherwise, and whether direct or indirect, absolute or contingent, due or to become due, primary or secondary, or joint or several. 

“Canadian Facility Obligor” Canadian
Borrower,
and each Canadian Facility Guarantor and each other Person that has or is required pursuant to
Section 10.1.9 and/or the Collateral and Guarantee Requirement to grant a Lien on its assets in favor of Agent to secure any Canadian Facility Obligations. 
 “Canadian Facility Secured Parties” Agent, Canadian Issuing
Bank, Canadian Lenders, any Security Trustee with respect to the Canadian Facility Obligations and Secured Bank Product Providers of Bank Products for the account of Canadian Domiciled Obligors and their Affiliates domiciled in Canada, and the other Foreign Facility Secured Parties that are
the beneficiaries of a Foreign Cross-Guarantee made by the Canadian Facility Obligors. 
 “Canadian Guaranties” each guaranty agreement executed by a
Canadian Facility Guarantor in favor of Agent in order to guaranty the payment and/or performance of the Canadian Facility
Obligations (including without limitation this Agreement and the Foreign
FacilityAmended and Restated ABL Guarantee and Collateral
Agreement). 
 “Canadian Inventory Formula Amount” (a) the lesser of (i) 70% of the Value of
Canadian Eligible Inventory or (ii) 85% of the NOLV Percentage of the Value of Canadian Eligible Inventory; plus (b) the lesser of (i) 70% of the Value of Eligible In-Transit Inventory owned by Canadian
Borrower, or (ii) 85% of the NOLV Percentage of the Value of Eligible In-Transit Inventory owned by Canadian Borrower; provided that (i) prior to the date that the conditions set forth in clause
(b) of the definition of “Eligible In-Transit Inventory” are met, whether or not an Eligible In-Transit Inventory Trigger Period has occurred and is
continuing, the Inventory Formula Amount applicable to the Eligible In-Transit Inventory of all Borrowers shall not exceed an aggregate amount of $10,000,000 at any time and (ii) the Inventory Formula
Amount applicable to the Eligible In-Transit Inventory of all Foreign Borrowers that is in transit to Mexico shall not exceed an aggregate amount of $2,000,000 at any time. 

“Canadian Inventory Reserve” reserves established by Agent to reflect factors that may negatively impact the
Value of Inventory of Canadian Borrower, including change in salability, obsolescence, seasonality, theft, shrinkage, imbalance, change in composition or mix, markdowns and vendor chargebacks. 

“Canadian IP Assignment” a collateral assignment or security agreement pursuant to which a Canadian Facility
Obligor grants a Lien on its Intellectual Property to Agent, as security for (or given with the intent to secure) the Canadian Facility Obligations. 
 “Canadian Issuing Bank” Bank of America
(Canada) (including any Lending Office of Bank of America), any Affiliate thereof, or any replacement issuer appointed pursuant to Section 2.5 that agrees to issue Canadian Letters of Credit. 

“Canadian Issuing Bank Indemnitees” Canadian Issuing Bank and its officers, directors, employees, Affiliates,
branches, agents and attorneys. 
 “Canadian LC Application” an application by Borrower Agent or Canadian
Borrower to Canadian Issuing Bank for issuance of a Canadian Letter of Credit, in form and substance satisfactory to Canadian Issuing Bank and Agent. 

“Canadian LC Conditions” the following conditions necessary for issuance of a Canadian Letter of Credit:
(a) each of the conditions set forth in Section 6; (b) after giving effect to such issuance, total 

  
 -16- 

 
Canadian LC Obligations do not exceed the Canadian Letter of Credit Subline, no Canadian Overadvance exists and Canadian Revolver Usage does not exceed the Canadian Borrowing Base; (c) the
Canadian Letter of Credit and payments thereunder are denominated in Canadian Dollars, Dollars or other currency satisfactory to Agent and Canadian Issuing Bank; and (d) the purpose and form of the proposed Canadian Letter of Credit are
satisfactory to Agent and Canadian Issuing Bank in their Permitted Discretion. 
 “Canadian LC Documents”
all documents, instruments and agreements (including Canadian LC Requests and Canadian LC Applications) delivered by Canadian Borrower or any other Person to Canadian Issuing Bank or Agent in connection with any Canadian Letter of Credit. 

“Canadian LC Obligations” the Dollar Equivalent of the sum of (a) all amounts owing by Canadian Borrower
for drawings under Canadian Letters of Credit; and (b) the Stated Amount of all outstanding Canadian Letters of Credit. 

“Canadian LC Request” a request for issuance of a Canadian Letter of Credit, to be provided by Borrower Agent
or Canadian Borrower to Canadian Issuing Bank, in form satisfactory to Agent and Canadian Issuing Bank. 
 “Canadian
Lenders” Bank of America (Canada), each other lender party to this Agreement that has issued a Canadian Revolver Commitment, the Canadian Swingline Lender, and any Person who hereafter becomes a “Lender” with a Canadian Revolver
Commitment pursuant to an Assignment, including any Lending Office of the foregoing. Unless an Event of Default shall have occurred and be continuing, each Canadian Lender 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
Law, including the Bank Act (Canada), from having a Canadian Revolver Commitment, or making any Canadian Revolver 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 Income Tax Act (Canada), then such financial institution is not a “specified shareholder” of a Canadian Domiciled Obligor and deals at arm’s length with each Canadian Domiciled
Obligor and each “specified shareholder” of each Canadian Domiciled Obligor for purposes of the Income Tax Act (Canada). 

“Canadian Letter of Credit” any standby or documentary letter of credit, foreign guaranty, documentary
bankers acceptance or similar instrument issued by Canadian Issuing Bank for the account or benefit of Canadian Borrower or an Affiliate of Canadian Borrower. 

“Canadian Letter of Credit Subline” the lesser of (a) $0 and (b) the Canadian Revolver Commitments. 

“Canadian Mortgage” a mortgage, deed of immovable hypothec, deed of trust, assignment of leases and rents,
leasehold mortgage or other security document granting a Lien on any Mortgaged Property to secure (or given with the intent to secure) the Canadian Facility Obligations. Each Canadian Mortgage shall be in form and substance reasonably satisfactory to Agent. 

“Canadian Multi-Employer Plan” each multi-employer plan, within the meaning of the regulations under the
Income Tax Act (Canada). 
 “Canadian Overadvance” as defined in
Section 2.1.5. 

  
 -17- 

 “Canadian Overadvance Loan” a Canadian Base Rate Loan
and/or a Canadian Prime Rate Loan made to Canadian Borrower when a Canadian Overadvance exists or is caused by the funding thereof. 

“Canadian Overadvance Loan Balance” on any date, the Dollar Equivalent of the amount by which the aggregate
Canadian Revolver Loans of Canadian Borrower exceed the amount of the Canadian Borrowing Base on such date. 

“Canadian Pension Plan” a “registered pension plan,” as defined in the Income Tax Act (Canada)
and any other pension plan maintained or contributed to by, or to which there is or may be an obligation to contribute by, any Canadian Domiciled Obligor in respect of its Canadian employees or former employees, excluding, for greater certainty,
a Canadian Multi-Employer Plan. 
 “Canadian Prime Rate” onfor
any dateday, the highest of (i) a fluctuating rate of interestgreater of
(a) the
 per annum equal to the rate of interest in effect for such day as publicly announced from time to
time by Bank of America (Canada) as its “Prime Rate”, (ii)
the sum of 0.50% plus the Bank of Canada overnight ratedesignated by Bank of America (Canada) from time to time as its prime rate for commercial loans made by it in Canada in Canadian
Dollars, which rate
is the rate of interest charged by the Bank of Canada on one-day loans to financial institutions, for such day, and (iii) the sum of 1.00% plus the Canadian BA Rate for a 30 day Interest Period as of
such day. The “Prime Rate” is a rate set by Bank of America (Canada) based upon based on various factors, including theits costs and desired
return of Bank of America
(Canada), general economic conditions and other factors, and is used as a reference point for pricing some loans, which may be priced at, above, or below such announced rate; or
(b)
the Canadian BA 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 day specified in the public announcement of such change. Each interest rate based on the Canadian Prime Rate hereunder shall be adjusted simultaneously with any change in the Canadian Prime Rate. In the
event Bank of America (Canada) (including any successor or assignee) does not at any time announce a “Prime Rate”, clause (i) of Canadian Prime Rate shall mean the “Prime Rate” (being the rate for loans made in Canadian
Dollars in Canada) publicly announced by a Canadian chartered bank listed on Schedule I of the Bank Act (Canada) selected by Agent. In no event shall the Canadian Prime Rate be less than zero. 
 “Canadian Prime Rate Loan” a Canadian Revolver Loan, or
portion thereof, funded in Canadian Dollars and bearing interest calculated by reference to the Canadian Prime Rate. 

“Canadian Protective Advances” as defined in Section 2.1.6. 

“Canadian Reimbursement Date” as defined in Section 2.2.2. 

“Canadian Rent and Charges Reserve” the aggregate of (a) all past due rent and other amounts owing by
Canadian Borrower to any landlord, warehouseman, processor, repairman, mechanic, shipper, freight forwarder, broker or other Person who possesses any Canadian Facility Collateral or could assert a Lien on any Canadian Facility Collateral; and
(b) a reserve at least equal to two months’ rent and other charges that could be payable to any such Person, unless it has executed a Lien Waiver. 

“Canadian Revolver Commitment” for any Canadian Lender, its obligation to make Canadian Revolver Loans and to
participate in Canadian LC Obligations up to the maximum principal amount shown on Schedule 1.1(B), as hereafter modified pursuant to Section 2.1.4, Section 2.1.7 or an Assignment to which
it is a party. “Canadian Revolver Commitments” means the aggregate amount of such commitments of all Canadian Lenders. 

  
 -18- 

 “Canadian Revolver Loan” a loan made by a Canadian Lender
to Canadian Borrower pursuant to Section 2.1, which loan shall, if denominated in Canadian Dollars, be either a Canadian BA Rate Loan or a Canadian Prime Rate Loan and, if denominated in Dollars, shall be either a Canadian
Base Rate Loan or a LIBOR Loan, in each case as selected by the Borrower Agent on behalf of the Canadian Borrower, and any Canadian Swingline Loan, Canadian Overadvance Loan or Canadian Protective Advance. 

“Canadian Revolver Usage” the Dollar Equivalent of an amount equal to (a) the aggregate amount of
outstanding Canadian Revolver Loans; plus (b) the aggregate Stated Amount of outstanding Canadian Letters of Credit, except to the extent Cash Collateralized by any Obligor. 

“Canadian Security Agreement” that certain Canadian Security Agreement, dated as of the Closing Date, by and
between Canadian Borrower and Agent, as amended, restated, supplemented or otherwise modified from time to
time., including by the Amended and Restated Canadian Security
Agreement by and between the Canadian Borrower and Agent to be delivered after the Seventh Amendment Effective Date pursuant to
Section 10.1.15
. 

“Canadian Security Documents” the Foreign
FacilityAmended and Restated ABL Guarantee and Collateral
Agreement, the Canadian Security Agreement, each Deed of Movable Hypothec, if any, among any of the Canadian Facility Obligors and Agent in order to secure any of the Canadian
Facility Obligations, the Canadian Guaranties, the Canadian Mortgages, the Canadian IP Assignments, the
Canadian Deposit Account Control Agreements, the Dutch Security Documents, the Mexican Security Documents, the UK
Security Documents, the U.S. Security Documents, the German Security
Documents and all other documents, instruments and agreements now or hereafter securing (or given with the intent to secure) any
Canadian Facility Obligations. 

“Canadian Subsidiary” each Subsidiary that is incorporated or organized under the laws of Canada or any
province or territory of Canada. 
 “Canadian Subsidiary Obligor” any Subsidiary directly owned by a
Canadian Domiciled Obligor that is not an Immaterial Subsidiary, if any. 

“Canadian Swingline Lender” Bank of America (Canada) in its capacity as provider of Canadian Swingline Loans.

 “Canadian Swingline Loan” any Borrowing of Canadian Revolver Loans funded with Canadian Swingline
Lender’s funds, until such Borrowing is settled among Canadian Lenders or repaid by Canadian Borrower, which Canadian Revolver Loan shall, if denominated in Canadian Dollars, be a Canadian Prime Rate Loan and shall, if denominated in Dollars,
be a Canadian Base Rate Loan, in each case as selected by the Borrower Agent on behalf of Canadian Borrower. 

“Capital Expenditures” for any period, without duplication, (a) the additions to property, plant and
equipment and other capital expenditures of the Parent Borrower and its consolidated Subsidiaries that are (or would be) set forth in a consolidated statement of cash flows of the Parent Borrower for such period prepared in accordance with GAAP
other than
(x) such additions and expenditures classified as Permitted Acquisitions and (y) such additions and expenditures made with Net
Proceeds from any casualty or other insured damage or condemnation or similar awards and (b) Capital Lease Obligations incurred by the Parent Borrower and its consolidated Subsidiaries during such period. 

“Capital Lease Obligations” of any Person means the obligations of such Person to pay rent or other amounts
under any lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are required to be classified and accounted for as 

  
 -19- 

 
capital leases on a balance sheet of such Person under GAAP, and the amount of such obligations shall be the capitalized amount thereof determined in accordance with GAAP; provided that
any change in GAAP after the Original Closing Date that would require lease obligations that would have been characterized and accounted for as operating leases in accordance with GAAP as in effect on the Original Closing Date to be characterized
and accounted for as Capital Lease Obligations shall be disregarded for purposes hereof. 
 “Cash
Collateral” cash, and any interest or other income earned thereon, that is delivered to Agent or a Security Trustee to Cash Collateralize any Obligations. 

“Cash Collateral Account” a Foreign Cash
Collateral Account or a U.S. Cash Collateral Account, as the context requires.demand deposit, money market or other account established by Agent at such financial institution as Agent may select in its Permitted
Discretion, which account shall be subject to a Lien in favor of Agent for the benefit of the Secured Parties. 

“Cash Collateralize” the delivery of cash to Agent or a Security Trustee, as security for the payment of
Obligations, in an amount equal to (a) with respect to any LC Obligations, 103% of the aggregate of such LC Obligations, and (b) with respect to any inchoate, contingent or other Obligations (including Secured Bank Product Obligations),
Agent’s good faith estimate of the amount due or to become due, including fees, expenses and indemnification hereunder. 

“Cash Collateralization” has a correlative meaning. 

“Cash Management Services” services relating to operating, collections, payroll, trust, or other depository
or disbursement accounts, including automated clearinghouse, e-payable, electronic funds transfer, wire transfer, controlled disbursement, overdraft, depository, information reporting, lockbox and stop payment
services. 
 “CCAA” the Companies’ Creditors Arrangement Act (Canada) (or any successor
statute), as amended from time to time, and includes all regulations thereunder. 
 “Cequent Mexico Holdings Share
Pledge” (a) a Dutch law governed notarial deed of pledge over the shares
in the capital of Cequent Mexico Holdings B.V., made between UK Borrower as pledgor and Agent as
pledgee, dated 22 December
2015 and
(b) a
 Dutch law governed notarial deed of pledge over the shares in the capital of Cequent Mexico Holdings B.V., made between UK Borrower as pledgor and Agent as pledgee to be delivered after the Seventh Amendment Effective Date pursuant to
Section 10.1.15,
 in each case as such agreement is amended, restated, supplemented or otherwise modified from time to time. 

“Cequent Nederland Holdings Share Pledge”
(a) a Dutch law governed notarial deed of pledge over the shares in the capital of
Cequent Nederland Holdings B.V., made between Horizon International Holdings LLC as pledgor and Agent as pledgee dated
22 December
 2015 and
(b) a
 Dutch law governed notarial deed of pledge over the shares in the capital of Cequent Nederland Holdings B.V., made between Horizon International Holdings LLC as pledgor and Agent as pledgee to be delivered after the Seventh Amendment Effective Date
pursuant to
Section 10.1.15,
 in each case, as such agreement is amended, restated, supplemented or otherwise modified from time to time. 

“CFC” a “controlled foreign corporation” within the meaning of Section 957 of the Code. 

“CFC Holdco” any Subsidiary, other than Foreign Subsidiaries, substantially all the assets of which consist
of Equity Interests of one or more Foreign Subsidiaries. 

  
 -20- 

 “Change in Control” (a) the acquisition of beneficial
ownership, directly or indirectly, by any Person or group (within the meaning of the Securities Exchange Act of 1934 and the rules of the Commission thereunder), of Equity Interests representing more than 35% of the aggregate ordinary voting power
represented by the issued and outstanding Equity Interests in the Parent Borrower, (b) during any period of 12 consecutive months, a majority of the members of the board of directors or other equivalent governing body of Parent Borrower cease
to be composed of individuals (i) who were members of that board or equivalent governing body on the first day of such period, (ii) whose election or nomination to that board or equivalent governing body was approved by individuals
referred to in clause (i) above constituting at the time of such election or nomination at least a majority of that board or equivalent governing body or (iii) whose election or nomination to that board or other equivalent governing
body was approved by individuals referred to in clauses (i) and (ii) above constituting at the time of such election or nomination at least a majority of that board or equivalent governing body, or (c) the occurrence of any
change in control (or similar event, however denominated) with respect to the Parent Borrower under (i) any indenture or other agreement in respect of Material Debt to which the Parent Borrower or any Subsidiary is a party or (ii) any
instrument governing any preferred stock of the Parent Borrower or any Subsidiary having a liquidation value or redemption value in excess of $5,000,000. 

“Change in Law” the occurrence, after the Original Closing Date, of (a) the adoption, taking effect or
phasing in of any law, rule, regulation or treaty; (b) any change in any law, rule, regulation or treaty or in the administration, interpretation or application thereof; or (c) the making, issuance or application of any request, guideline,
requirement or directive (whether or not having the force of law) by any Governmental Authority; provided, however, that “Change in Law” shall include, regardless of the date enacted, adopted or issued, all requests, rules,
guidelines, requirements or directives (i) under or relating to the Dodd-Frank Wall Street Reform and Consumer Protection Act, or (ii) promulgated pursuant to Basel III by the Bank for International Settlements, the Basel Committee on
Banking Supervision (or any similar authority) or any other Governmental Authority. 
 “Civil Code” the
Civil Code of Québec, or any successor statute, as amended from time to time, and includes all regulations thereunder. 

“Claims” all claims, liabilities, obligations, losses, damages, penalties, judgments, proceedings, interest,
costs and expenses of any kind (including remedial response costs, reasonable attorneys’ fees and Extraordinary Expenses) at any time (including after Full Payment of the Obligations or replacement of Agent or any Lender) incurred by any
Indemnitee or asserted against any Indemnitee by any Obligor or other Person, in any way relating to (a) any Loans, Letters of Credit, Loan Documents, Borrower Materials, or the use thereof or transactions relating thereto, (b) any action
taken or omitted in connection with any Loan Documents, (c) the existence or perfection of any Liens, or realization upon any Collateral, (d) exercise of any rights or remedies under any Loan Documents or Applicable Law, or (e) failure by
any Obligor to perform or observe any terms of any Loan Document, in each case including all costs and expenses relating to any investigation, litigation, arbitration or other proceeding (including an Insolvency Proceeding or appellate proceedings),
whether or not the applicable Indemnitee is a party thereto. 
 “Closing Date” as defined in
Section 6.1. 
 “Code” the Internal Revenue Code of 1986, as amended from time to
time. 
 “Collateral” all Property described in any Security Documents as security for any Obligations and
all other Property that now or hereafter secures (or is intended to secure) any Obligations. 
 “Collateral and
Guarantee Requirement” the Foreign Facility Collateral and Guarantee
Requirement and/or the U.S. Facility Collateral and Guarantee Requirement, as the context requires.with 

  
 -21- 

 
respect to any and all Obligors, the requirement that, subject to any applicable
limitations set forth in the Security Documents (and with respect to any Foreign Obligor, the Agreed Security Principles): 

(a) 
       Agent shall have received from each Obligor party thereto either (i) a counterpart of each applicable Security Document, duly executed and delivered on behalf of such Obligor, or (ii) in the
case of any Person that becomes an Obligor after the Original Closing Date, a joinder to this Agreement and a supplement or deed of accession, as applicable, to each applicable Security Document and the Intercreditor Agreement, in each case in the
form specified therein, duly executed and delivered on behalf of such Obligor; 

(b) 
       all outstanding Equity Interests of the Parent Borrower and each Subsidiary owned by or on behalf of any Obligor shall have been pledged pursuant to the Amended and Restated ABL Guarantee and Collateral
Agreement, or other appropriate Security Document (except that the U.S. Facility Obligors shall not be required to pledge
more than 65% of the outstanding voting Equity Interests of any Foreign Subsidiary or any CFC (other than any Foreign
Subsidiary or CFC organized under the laws of Germany, the United Kingdom (or any political subdivision thereof), the Netherlands, Mexico or Canada (or any province or territory thereof) and shall pledge 100% of the Equity Interests of any Foreign
Subsidiary organized under the laws of Germany, the United Kingdom (or any political subdivision thereof), Mexico, Canada (or any province or territory thereof) or the Netherlands shall have been pledged); provided, however, that if one or more
of the Term Loan Documents would require a greater pledge, the limitation in this parenthetical shall be automatically
deemed to be modified to require a pledge equivalent to that required by the Term Loan Documents) and, subject to the Intercreditor Agreement, Agent or the Controlling Term Loan Agent, as applicable, shall have received certificates or other
instruments representing all such Equity Interests, together with stock powers or other instruments of transfer with respect thereto endorsed in blank; 

(c) 
       all Debt for borrowed money having an aggregate principal amount in excess of $500,000 that is owing to any
Obligor shall be evidenced by a promissory note and shall have been pledged pursuant to the Amended and Restated ABL
Guarantee and Collateral Agreement (and/or any other applicable Security Document) and subject to the Intercreditor
Agreement, Agent and/or the Controlling Term Loan Agent, as applicable, shall have received all such promissory notes, together with instruments of transfer with respect thereto endorsed in blank;

(d) 
       all documents and instruments, including UCC and PPSA financing statements, required by Applicable Law or reasonably requested by Agent to be filed, registered or recorded to create the Liens intended to be created by the Security Documents and perfect such Liens to the extent required by, and with the priority required by,
the Security Documents (in each case subject to the Intercreditor Agreement), shall have been filed, registered or recorded
or delivered to Agent for filing, registration or recording; 
 (e)        Agent shall have received, with respect to any Mortgaged Property, (i) counterparts of a Mortgage with respect to such Mortgaged Property duly executed and delivered by the record owner of such Mortgaged
Property,
(ii) a
 policy or policies of title insurance issued by a nationally recognized title insurance company insuring the Lien of each
such Mortgage as a valid first Lien on the Mortgaged Property described therein, free of any other Liens except as expressly
permitted by Section 10.2.2, together with such endorsements, coinsurance and reinsurance as Agent or the Required Lenders may reasonably request, but only to the extent such endorsements are (A) available in the
relevant jurisdiction (provided in no event shall Agent request a creditors’ rights endorsement) and (B) available at commercially reasonable rates, (iii) if any such Mortgaged Property is located in an area determined by the Federal
Emergency Management Agency to have special flood hazards, evidence of such flood insurance as may be required under Applicable Law, including Regulation H of the Board of Governors, 

  
 -22- 

 
and an acknowledged notice to the applicable
Obligors, (iv) if reasonably requested by Agent, a current appraisal of any such Mortgaged Property, prepared by an appraiser acceptable to Agent, and in form and substance satisfactory to Required Lenders (it being understood that if such
appraisal is required in order to comply with Agent’s internal policies, such request shall be deemed to be reasonable), (v) if reasonably requested by Agent, an environmental assessment with respect to any such Mortgaged Property, prepared by
environmental engineers reasonably acceptable to Agent, and such other reports, certificates, studies or data with respect to such Mortgaged Property as Agent may reasonably require, all in form and substance reasonably satisfactory to Required
Lenders (it being understood that if such assessment or other materials are required in order to comply with Agent’s internal policies, such request shall be deemed to be reasonable), and (vi) such abstracts, legal opinions and other
documents as Agent or the Required Lenders may reasonably request with respect to any such Mortgage or Mortgaged Property; provided, however, in no event shall surveys be required to be obtained with respect to any such Mortgaged
Property; 
 (f)        each
Obligor shall have obtained all consents and approvals required to be obtained by it in connection with the execution and
delivery of all Security Documents to which it is a party, the performance of its obligations thereunder and the granting by
it of the Liens thereunder, and in each case except to the extent not required to be obtained pursuant to the Loan Documents; 

(g) 
       with respect to each Dutch Domiciled Obligor only, (i) each Dutch Domiciled
Obligor shall have validly executed the notarial power of attorney for the purpose of executing the Dutch Security Document to which it is a party; (ii) each Dutch
Security Document shall have been executed before a Dutch law civil notary (notaris); (iii) Agent shall have received certified copies of each of the Dutch Security Documents; and (iv) each Lien which is granted by means of the Dutch Security
Documents shall have been registered in the relevant shareholders register; and 

(h) 
       with respect to each Mexican Domiciled Obligor only, (i) a copy of the mercantile folio (folio mercantil) of each Mexican Domiciled Obligor, issued by the corresponding Public Registry of the
Property and Commerce (Registro Público de la Propiedad y del Comercio) evidencing the absence of any Insolvency Proceedings, (ii) notarized copies of the partner’s resolutions of the Mexican Domiciled Obligors: (1) authorizing the
execution, delivery and performance of the Loan Documents to which such Mexican Domiciled Obligors are party; (2) authorizing a specific person or persons to execute the Loan Documents to which each such Mexican Domiciled Obligor is a party on
behalf of such Mexican Domiciled Obligor; (3) authorizing a specific person or persons, on behalf of each Mexican Domiciled Obligor, to sign and/or dispatch all documents and notices to be signed or dispatched by such Mexican Domiciled Obligor
under or in connection with the Loan Documents to which it is a party; (4) authorizing the appointment of the Borrower Agent as each Mexican Domiciled Obligor’s agent for service of process in New York; (5) waiving the pre-emptive
rights of each Mexican Domiciled Obligor in respect of any pledged Equity Interests, authorizing the division of such Equity Interests and approving any sale of such Equity Interests conducted in the context of foreclosures under the Security
Documents; (6) a certificate of a member of the board of managers or an authorized officer of each Mexican Domiciled Obligor as to the Solvency of such Mexican Domiciled Obligor; (7) a ratified notarial instrument by a Mexican notary public of the
Mexican Asset Pledges and Mexican Equity Pledges; 
 provided, that,
(i) with
 respect to any Obligor that is a Foreign Subsidiary organized under the laws of Germany, the United Kingdom (or any political subdivision thereof), the Netherlands, Mexico or Canada (or any province or territory thereof), the Collateral and
Guarantee Requirement shall require the provision of the documents and satisfaction of the requirements set forth in Schedule I to the
Seventh Amendment and
(ii) with
 respect to any Obligor that is a Foreign Subsidiary organized under the laws of any other jurisdiction, the Collateral and
Guarantee Requirement shall be modified as reasonably 

 

  
 -23- 

 
requested by the Required Lenders to reflect the requirements and limitations of
the jurisdiction in which such Foreign Subsidiary is organized. 

“Commission” the Securities and Exchange Commission or any Governmental Authority succeeding to any or all of
the functions of said Commission. 
 “Commitment” for any Lender, the aggregate amount of such
Lender’s Borrower Group Commitments. “Commitments” means the aggregate amount of all Borrower Group Commitments (not to exceed the Maximum Facility Amount), which on the Closing Date consist of (a) $2,000,000 in respect of the
Canadian Revolver Commitments, (b) $3,000,000 in respect of the UK Revolver Commitments, and (c)
$94,000,00085,000,000 in respect of the U.S. Revolver Commitments. 
 “Commitment Termination
Date” (a) with respect to the Canadian Revolver Commitments, the Canadian Commitment Termination Date, (b) with respect to the UK Revolver Commitments, the UK Commitment Termination Date and (c) with respect to the U.S. Revolver
Commitments, the U.S. Commitment Termination Date. 
 “Commodity Exchange Act” the Commodity Exchange Act
(7 U.S.C. § 1 et seq.), as amended from time to time, and any successor statute. 
 “Compliance
Certificate” a certificate, in form and substance satisfactory to Agent, by which Borrower Agent certifies compliance with Section 10.3. 

“Consolidated EBITDA” for any period, Consolidated Net Income for such period plus (a) without
duplication and to the extent deducted in determining such Consolidated Net Income, the sum of (i) consolidated cash interest expense for such period, (ii) consolidated income tax expense for such period (including all single business tax expenses imposed by state law), (iii) all amounts attributable to depreciation and
amortization for such period, (iv) any extraordinary noncash charges for such period, (v) interest-equivalent costs associated with any Specified Vendor Receivables Financing for such period, whether accounted for as interest expense or
loss on the sale of receivables, and all
Preferred
Dividends, (vi) all losses during such period that relate to the retirement of Debt, (vii) noncash
expenses during such period resulting from the grant of Equity Interests to management and employees of the Parent Borrower or any of the Subsidiaries, (viii) the aggregate amount of deferred financing expenses for such period, (ix) fees,
costs and expenses in connection with the
Seventh Amendment Transactions to the extent incurred within 90 days of the Seventh Amendment Effective Date, (x) all other noncash expenses or losses of the Parent Borrower or any of the Subsidiaries for such period (excluding any such charge that constitutes an accrual of or a reserve for cash charges for any future
period), (x) any nonrecurringxi) fees, and expenses in connection with the issuance or charges realized by the Parent Borrower or any of the Subsidiaries for such period related to any offering of Equity Interests or
incurrence of Debtany Indebtedness (in each
case, whether or not consummated,
(xi) fees and expenses in connection with the Original Closing Date
Transactions, (xii) any nonrecurring costs and expenses arising from the
integration of any business acquired pursuant to any Permitted Acquisition consummated after the Original Closing Date, (xiii) the amount of reasonably identifiable and factually supportable “run rate” cost
savings, operating expense reductions, and other synergies not to exceed $12,500,000 resulting from the Westfalia Acquisition that are projected by the Parent Borrower in good faith and certified by a Financial Officer of the Parent Borrower in
writing to the Agent to result from actions either taken or expected to be taken within eighteen (18) months of the Westfalia Acquisition Closing Date, net of the amount of actual benefits realized prior to or during such period from such actions (which cost savings, operating expense
reductions, and synergies shall be calculated on a pro forma basis as though such cost savings, operating expense reductions, or synergies had been realized on the first day of such period), (xiv) any) provided that the aggregate amount added to Consolidated EBITDA pursuant to this clause (xi), when combined 

  
 -24- 

 
with amounts added under clause (xiii) below,
shall not exceed $5,000,000 for any trailing twelve month period, (xii) costs and expenses of professional fees of the Parent Borrower and its Subsidiaries or of any Agent or Lender to the extent the Parent
Borrower is required to reimburse such Agent or Lender therefore, and (xiii) unusual or nonrecurring expenses or similar costs relating to cost savings
projects, including restructuring, moving and severance expenses, (xv) net losses from
discontinued operations,
(xvi) 
losses associated with the prepayment of leases (whether operating leases or capital leases) outstanding on January 1,
2015 from discontinued operations, and (xvii) losses or charges associated
with asset sales otherwise permitted
hereunderprovided that the aggregate amount added to Consolidated EBITDA pursuant to this clause (xiii), when combined
with amounts added under clause
(xi) above,
 shall not exceed $5,000,000 for any trailing twelve month period, minus (b) without duplication and to the extent included in determining such Consolidated Net Income, (i) any
extraordinary gains for such period, (ii) any non-cash income, profits or gains for such period and (iii) any gains realized from the retirement of Debt after the Original Closing Date, all determined on
a consolidated basis in accordance with GAAP; provided, however that the amounts added to Consolidated Net Income pursuant to clauses (xii) through (xvii) above for any period shall not exceed twenty percent (20%) of Consolidated EBITDA for
such period (determined without including amounts added to Consolidated Net Income pursuant to clauses (xii) through (xvii) above for such period). If any Borrower or any Subsidiary has made any Permitted Acquisition or Significant Investment or any sale, transfer, lease or other disposition of assets outside of the ordinary course of businessOrdinary Course of
Business permitted by Section 10.2.5 during the relevant period for determining any leverage ratio hereunder, Consolidated EBITDA for the relevant period shall be calculated only for purposes
of determining such leverage ratio after giving pro forma effect thereto, as if such Permitted Acquisition or
Significant Investment or sale, transfer, lease or other disposition of assets had occurred on the first day of the relevant period for determining Consolidated EBITDA; provided that with respect to any Significant Investment, (x) any pro forma
adjustment made to Consolidated EBITDA shall be in proportion to the percentage ownership of such Borrower or such Subsidiary, as applicable, in the Subject Person (e.g. if such Borrower acquires 70% of the Equity Interests of the Subject Person, a
pro forma adjustment to Consolidated EBITDA shall be made with respect to no more than 70% of the EBITDA of the Subject Person) and (y) pro forma effect shall only be given to such Significant Investment if the Debt of the Subject Person is
included in Total Debt for purposes of calculating the applicable leverage ratio in proportion to the percentage ownership of such Borrower or such Subsidiary, as applicable, in such Subject Person. Any such pro forma calculations may include
operating and other expense reductions and other adjustments for such period resulting from any Permitted Acquisition,
or sale, transfer, lease or other disposition of assets that
is being given pro forma effect to the extent that such operating and other expense reductions and other adjustments
(a) would be permitted pursuant to Article XI of Regulation S-X under the Securities Act of 1933 (“Regulation
S-X”) or (b) are reasonably consistent with the purpose of Regulation S-X as determined in good faith by the Borrowers in consultation with Agent. 

“Consolidated Net Income” for any period, the net income or loss of the Parent Borrower and the Subsidiaries
for such period, determined on a consolidated basis in accordance with GAAP; provided that there shall be excluded (a) the income of any Person (other than the Parent Borrower or a Significant Investment) in which any other Person (other
than the Parent Borrower or any Subsidiary or any director holding qualifying shares in compliance with Applicable Law) owns an Equity Interest, except to the extent of the amount of dividends or other distributions actually paid to the Parent
Borrower or any of the Subsidiaries during such period, (b) the income or loss of any Person accrued prior to the date it becomes a Subsidiary or is merged into or consolidated with the Parent Borrower or any Subsidiary or the date that such
Person’s assets are acquired by the Parent Borrower or any Subsidiary and (c) the cumulative effect of a change in accounting principles during such period to the extent included in Consolidated Net Income. 

  
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 “Contingent Obligation” any obligation of a Person arising
from a guaranty, indemnity or other assurance of payment or performance of any Debt, lease, dividend or other obligation (“primary obligations”) of another obligor (“primary obligor”) in any manner, whether directly
or indirectly, including any obligation of such Person under any (a) guaranty, endorsement, co-making or sale with recourse of an obligation of a primary obligor; (b) obligation to make take-or-pay or similar payments regardless of nonperformance by any other party to an agreement; and (c) arrangement (i) to purchase any primary obligation or security
therefor, (ii) to supply funds for the purchase or payment of any primary obligation, (iii) to maintain or assure working capital, equity capital, net worth or solvency of the primary obligor, (iv) to purchase Property or services for
the purpose of assuring the ability of the primary obligor to perform a primary obligation, or (v) otherwise to assure or hold harmless the holder of any primary obligation against loss in respect thereof. The amount of any Contingent
Obligation shall be deemed to be the stated or determinable amount of the primary obligation (or, if less, the maximum amount for which such Person may be liable under the instrument evidencing the Contingent Obligation) or, if not stated or
determinable, the maximum reasonably anticipated liability with respect thereto. 
 “Control” the
possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of a Person, whether through the ability to exercise voting power, by contract or otherwise. “Controlling” and
“Controlled” have meanings correlative thereto. 
 “Controlled Accounts” each Deposit
Account and Securities Account required to be subject to the Lien and control of Agent or a Security Trustee pursuant to the Loan Documents. 

“Controlling Term Loan Agent” means
(a) 
Seniorthe First
Lien Term Loan Agent until the end of the Senior Term Period and
(b) Term Loan Agent at all times thereafter. 

“
Convertible Notes
Indenture” means
 the First Supplemental Indenture between the Parent Borrower and Wells Fargo Bank, National Association, dated as of
February 1,
 2017. 

“Copyrights” means, with respect to any Person, all of such Person’s right, title, and interest in and
to the following: (a) all copyrights, rights and interests in copyrights, works protectable by copyright, copyright registrations, and copyright applications; (b) all renewals of any of the foregoing; (c) all income, royalties,
damages, and payments now or hereafter due and/or payable under any of the foregoing, including, without limitation, damages or payments for past or future infringements for any of the foregoing; (d) the right to sue for past, present, and
future infringements of any of the foregoing; and (e) all rights corresponding to any of the foregoing throughout the world. 

“Credit Party” Agent, a Lender or any Issuing Bank; and “Credit Parties” means Agent,
Lenders and Issuing Banks. 
 “Creditor Representative” under any Applicable Law, a receiver, manager,
controller, interim receiver, receiver and manager, trustee (including any trustee in bankruptcy), custodian, conservator, administrator, examiner, sheriff, monitor, assignee, liquidator, provisional liquidator, sequestrator, administrative
receiver, judicial manager, statutory manager or similar officer or fiduciary. 
 “CTA” the Corporation Tax
Act 2009 (UK), as amended from time to time. 
 “Debt” of any Person means, without duplication,
(a) all obligations of such Person for Borrowed Money or with respect to advances of any kind, (b) all obligations of such Person evidenced by bonds, debentures, notes or similar instruments, (c) all obligations of such Person upon
which interest charges are customarily paid, (d) all obligations of such Person under conditional sale or other title retention agreements relating to property acquired by such Person, (e) all obligations of such Person in respect of

  
 -26- 

 
the deferred purchase price of property or services (excluding current accounts payable incurred in the Ordinary Course of Business), (f) all Debt of others secured by (or for which the holder of
such Debt has an existing right, contingent or otherwise, to be secured by) any Lien on property owned or acquired by such Person, whether or not the Debt secured thereby has been assumed, (g) all Guarantees by such Person of Debt of others,
(h) all Capital Lease Obligations of such Person, (i) all obligations, contingent or otherwise, of such Person as an account party in respect of letters of credit and letters of guaranty and (j) all obligations, contingent or otherwise, of
such Person in respect of bankers’ acceptances. The Debt of any Person shall include the Debt of any other entity (including any partnership in which such Person is a general partner) to the extent such Person is liable therefor as a result of
such Person’s ownership interest in or other relationship with such entity, except to the extent the terms of such Debt provide that such Person is not liable therefor. Notwithstanding anything to the contrary in this paragraph, the term
“Debt” shall not include (a) agreements providing for indemnification, purchase price adjustments or similar obligations incurred or assumed in connection with the acquisition or disposition of assets or Equity Interests and
(b) trade payables and accrued expenses in each case arising in the Ordinary Course of Business. 
 “Deed of
Movable Hypothec” a deed of hypothec charging the movable (personal) property of an Obligor pursuant to the Civil Code, in the event that any of the Canadian Facility Obligors own movable (personal) property in Quebec. 

“Default” any event or condition which constitutes an Event of Default or which upon notice, lapse of time or
both would, unless cured or waived, become an Event of Default. 
 “Default Rate” for any Obligation
(including, to the extent permitted by law, interest not paid when due), 2% plus the interest rate otherwise applicable thereto. 

“Defaulting Lender” any Lender that (a) has failed to comply with its funding obligations hereunder, and
such failure is not cured within two Business Days; (b) has notified Agent or any Borrower 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; (c) has failed, within three Business Days following request by Agent or any Borrower, to confirm in a manner satisfactory to Agent and Borrowers that such Lender will comply with its funding obligations hereunder; or (d) has,
or has a direct or indirect parent company that has, (i) become the subject of an Insolvency Proceeding (including reorganization, liquidation, or appointment of a receiver, custodian, administrator or similar Person by the Federal Deposit
Insurance Corporation or any other regulatory authority) or (ii) 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; and provided further, that a Lender shall not be deemed to be a Defaulting Lender under clauses (a), (b) or
(c) if it has notified Agent and Borrowers in writing that it will not make a funding because a condition to funding (specifically identified in the notice) is not or cannot be satisfied. 

“Deposit Account” (a) any “deposit account” as such term is defined in Article 9 of the UCC and in
any event shall include all accounts and sub-accounts relating to any of the foregoing and (b) with respect to any such Deposit Account located outside of the U.S., any bank account with a deposit
function. 
 “Deposit Account Control Agreements”
the Canadian Deposit Account Control Agreements, the
UK Deposit Account Control Agreements and/or the U.S. Deposit Account Control Agreements, as the

  
 -27- 

 
context
requirescontrol agreements reasonably satisfactory to Agent executed by each institution maintaining a Deposit Account
for an Obligor, to perfect or better evidence
Agent’s
 Lien on such account, as security for (or given with the intent to secure) the Obligations of such Obligor or as otherwise required by the terms of the
Loan
Documents. 

“Dilution Percent” the percent, determined for each Borrower Group for the most recently ended twelve-month
period, equal to (a) bad debt write-downs or write-offs, discounts, returns, promotions, credits, credit memos and other dilutive items with respect to the Accounts of the Borrower(s) in the applicable Borrower Group, divided by
(b) gross sales of the Borrower(s) in the applicable Borrower Group. 
 “Discharge of Senior
Obligations” shall have the meaning as defined in the Term
Intercreditor Agreement. 

“Disclosed Matters” the actions, suits and proceedings and the environmental matters disclosed in Schedule
9.1.6. 
 “Disqualified Equity Interests” means any Equity Interests that, by their terms (or by the
terms of any security or other Equity Interests into which they are convertible or for which they are exchangeable), or upon the happening of any event or condition (a) matures or are mandatorily redeemable (other than solely for Qualified
Equity Interests), pursuant to a sinking fund obligation or otherwise (except as a result of a change of control or asset sale so long as any rights of the holders thereof upon the occurrence of a change of control or asset sale event shall be
subject to the prior Full Payment of the Loans and all other Obligations that are accrued and payable and the termination of the Commitments), (b) are redeemable at the option of the holder thereof (other than solely for Qualified Equity Interests),
in whole or in part, (c) provide for the scheduled payments of dividends in cash, or (d) are or become convertible into or exchangeable for Indebtedness or any other Equity Interests that would constitute Disqualified Equity Interests, in
each case, prior to the date that is 91 days after the Latest Maturity Date with respect to the Obligations. 

“Distribution” any declaration or payment of a distribution, interest or dividend on any Equity Interest
(other than payment-in-kind); distribution, advance or repayment of Debt to a holder of Equity Interests; or purchase, redemption, or other acquisition or retirement for
value of any Equity Interest. 
 “Document” as defined in the UCC (and/or with respect to any Document of a
Canadian Domiciled Obligor, a “document of title” as defined in the PPSA) or any other Applicable Law, as applicable. 

“Dollar Equivalent” on any date, with respect to any amount denominated in Dollars, such amount in Dollars,
and with respect to any stated amount in a currency other than Dollars, the amount of Dollars that Agent determines (which determination shall be conclusive and binding absent manifest error) would be necessary to be sold on such date at the
applicable Spot Rate to obtain the stated amount of the other currency. 
 “Dollars” lawful money of the
United States. 
 “Domestic Subsidiary” any Subsidiary, other than the Foreign Subsidiaries. 

“Dominion Account” with respect to (a) the Canadian Borrower, each Canadian Dominion Account,
(b) the UK Borrower, each UK Dominion Account, and (c) the U.S. Borrowers, each U.S. Dominion Account. 

  
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 “Dominion Trigger Period” (I) prior to March 7, 2019, the period (a) commencing on the day that an Event of Default
occurs, or U.S. Availability is less than or equal to $6,700,000 (computed without reference to the U.S. Special
Availability Block), and (b) continuing until the earlier of (x) March 7, 2019 and (y) no Event of
Default having existed and U.S. Availability having been greater than $6,700,000 (computed without reference to the
U.S. Special Availability Block) during each of the preceding 30 consecutive days; or (II) from and after March 7,
2019 the period (a) commencing on the day that an Event of
Default occurs, or U.S. Availability is less than the Dominion Trigger Threshold and (b) continuing until no Event of Default exists and, during each of the previous 30 consecutive days, U.S. Adjusted Availability has been not less than the Dominion Trigger Threshold. 

“Dominion Trigger Threshold” the greater of (a) 10% of the U.S. Revolver Commitments and (b) $10,000,000.

 “Dutch Collateral and Guarantee Requirement” subject to any applicable limitations set forth in the Security Documents and the Agreed Security Principles, with respect to any and all Dutch Domiciled Obligors (provided that the scope of the Lien granted by the Netherland Holdcos (as defined in the Foreign Facility Guarantee and Collateral Agreement) shall exclude the Netherland Holdco Excluded Property (as defined in the Foreign Facility Guarantee and Collateral Agreement)), the requirement that: 

(a) each Dutch Domiciled Obligor shall have
obtained all consents and approvals required to be obtained by it in accordance with Dutch law and its articles of association in connection with the execution of all Dutch Security Documents to which it is a party, the performance of its
obligations thereunder and the granting of the Liens thereunder, and in each case except to the extent not required to be obtained pursuant to the terms of the Loan
Documents; 

(b) each Dutch Domiciled Obligor shall have
validly executed the notarial power of attorney for the purpose of executing the Dutch Security Document to which it is a party; 

(c) each Dutch Security Document shall have
been executed before a Dutch law civil notary (notaris); 

(d) Agent shall have received certified
copies of each of the Dutch Security Documents; and 

(e) each Lien which is granted by means of
the Dutch Security Documents shall have been registered in the relevant shareholders
register. 

“Dutch Domiciled Obligors” Cequent Nederland Holdings B.V., a private company with limited liability
(besloten vennootschap met beperkte aansprakelijkheid), incorporated under the laws of the Netherlands, having its registered office (statutaire zetel) in Amsterdam, the Netherlands and registered with the trade register of the chamber
of commerce, under number 34347776, Cequent Mexico Holdings B.V., a private company with limited liability (besloten vennootschap met beperkte aansprakelijkheid), incorporated under the laws of the Netherlands, having its registered office
(statutaire zetel) in Amsterdam, the Netherlands and registered with the trade register of the chamber of commerce, under number 55435637, and each other Obligor organized under the laws of the Netherlands or any jurisdiction thereof. 

“Dutch Security Documents” the Cequent Nederland Holdings Share Pledge and the Cequent Mexico Holdings Share
Pledge and all other documents, instruments and agreements now or hereafter executed by any Dutch Domiciled Obligor securing (or given
with the intent to secure) any Obligations. 

  
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 “EEA Financial Institution” means (a) any credit
institution or investment firm established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause
(a) of this definition, or (c) any financial institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with
its parent. 
 “EEA Member Country” means any of the member states of the European Union, Iceland,
Liechtenstein, and Norway. 
 “EEA Resolution Authority” means any public administrative authority or any
person entrusted with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution. 

“Eligible Accounts” the (a) Canadian Eligible Accounts and/or (b) U.S. Eligible Accounts, as the
context requires. 
 “Eligible Assignee” a Person that is (a) a Lender, Affiliate or branch of a
Lender or Approved Fund; (b) an assignee approved by Borrower Agent (which approval shall not be unreasonably withheld
or delayed, and shall be deemed given if no objection is made within two Business Days after notice of the proposed assignment) and Agent; and (c) during an Event of Default under Section 11.1(a),
(b), (h) or (i) (without regard to any waiting period) or any other Event of Default that has occurred and remains continuing for a period equal to or exceeding 30 days, any Person acceptable to Agent in its Permitted
Discretion. 
 “Eligible Inventory” the (a) Canadian Eligible Inventory, (b) UK Eligible
Inventory, and/or (c) U.S. Eligible Inventory, as the context requires. 
 “Eligible
In-Transit Inventory” Inventory owned by a Borrower that would be Eligible Inventory of such Borrower if it were not of a type subject to a Document and/or in transit from a foreign location to a
location of (x) the Canadian Borrower within the United States or Canada, (y) the UK Borrower within the United States or Mexico or (z) a U.S. Borrower within the United States, and that Agent, in its Permitted Discretion, deems to be
Eligible In-Transit Inventory. Without limiting the foregoing, (a) no Inventory shall be Eligible In-Transit Inventory unless (i) it is insured in an amount
and manner reasonably satisfactory to Agent; (ii) it is not sold by a vendor that has asserted any right to reclaim, divert shipment of, repossess, stop delivery, claim any reservation of title or otherwise assert Lien rights against the
Inventory, or with respect to whom any Borrower is in default of any obligations; (iii) it is subject to purchase orders and other sale documentation satisfactory to Agent, and title has passed to such Borrower; (iv) it is shipped by a
common carrier that is not affiliated with the vendor and is not subject to any Sanction or on any specially designated nationals list maintained by OFAC or any other Governmental Authority; (v) it is being handled by a customs broker,
freight-forwarder or other handler that has delivered a Lien Waiver in the form of Exhibit C-1 (with appropriate modifications to remove the references to the Senior Term Agent, the Senior Term Loan Documents, the
Term Loan AgentLoan Agents and the Term Loan Documents if such Lien Waiver is delivered with respect to an
Obligor that is not a U.S. Obligor) or on terms acceptable to Agent in its Permitted Discretion; and (vi) if purchased from any Affiliate of a Borrower (including without limitation, TriMas Sourcing B.V. and any successor thereof) or any
Affiliate of TriMas Corporation, such Affiliate shall have executed a Lien Waiver in the form of Exhibit C-2 (with appropriate modifications to remove the references to the Senior Term Agent, the Senior Term Loan Documents, the
Term Loan AgentTerm Loan Agents and the Term Loan Documents if
such Lien Waiver is delivered with respect to an Obligor that is not a U.S. Obligor) or on terms acceptable to Agent in its Permitted Discretion; and (b) no Inventory shall be Eligible In-Transit

  
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Inventory during an Eligible In-Transit Inventory Trigger Period unless it (i) satisfies all of the conditions set forth in the foregoing clause
(a) and (ii) is subject to a negotiable Document showing Agent or a Security Trustee (or, with the consent of Agent, the applicable Borrower) as consignee, which Document is in the possession of Agent or such other Person as Agent shall
approve. 
 “Eligible In-Transit Inventory Trigger Period” the
period (a) commencing on the day that (i) an Event of Default occurs, (ii) U.S. Adjusted Availability is less
than or equal to, for 3 consecutive Business Days, the lesser of (A) 30% of the U.S. Borrowing Base (computed without regard to
the U.S. Special Availability Block) or (B) 30% of the aggregate amount of all U.S. Revolver Commitments, or (iii) U.S.
Adjusted Availability is at any time less than or equal to the lesser of (A) 25% of the U.S. Borrowing Base (computed without regard to the U.S. Special Availability Block) or (B) 25% of the
aggregate amount of all U.S. Revolver Commitments; and (b) continuing until no Event of Default exists and, during each of the preceding 30 consecutive days, U.S.
Adjusted Availability has been greater than the lesser of (i) 30% of the U.S. Borrowing Base (computed without regard to the U.S. Special Availability Block) or (ii) 30% of the
aggregate amount of all U.S. Revolver Commitments. 
 “Enforcement Action” any action to enforce any
Obligations (other than Secured Bank Product Obligations) or Loan Documents or to exercise any rights or remedies relating to any Collateral (whether by judicial action, self-help, notification of Account Debtors, setoff or recoupment, credit bid,
action in an Obligor’s Insolvency Proceeding or otherwise). 
 “Environmental Laws” all laws, rules,
regulations, codes, ordinances, orders, decrees, judgments, injunctions, notices or binding agreements issued, promulgated or entered into by any Governmental Authority, relating in any way to the environment, preservation or reclamation of natural
resources, the management, Release or threatened Release of any Hazardous Material or to health and safety matters. 

“Environmental Liability” any liabilities, obligations, damages, losses, claims, actions, suits, judgments,
or orders, contingent or otherwise (including any liability for damages, costs of environmental remediation, costs of administrative oversight, fines, natural resource damages, penalties or indemnities), directly or indirectly resulting from or
relating to (a) compliance or non-compliance with any Environmental Law, (b) the generation, use, handling, transportation, storage, treatment or disposal of any Hazardous Materials, (c) any
actual or alleged exposure to any Hazardous Materials, (d) the Release or threatened 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. 
 “Environmental Notice” a notice (whether written or oral) from any
Governmental Authority or other Person of any possible noncompliance with, investigation of a possible violation of, litigation relating to, or potential fine or liability under any Environmental Law, or with respect to any Release, environmental
pollution or Hazardous Materials, including any complaint, summons, citation, order, claim, demand or request for correction, remediation or otherwise. 

“Equity Interest” shares of capital stock, partnership interests, membership interests in a limited liability
company, beneficial interests in a trust or other equity ownership interests in a Person or any warrants, options or other rights to acquire such interests, but excluding any debt securities convertible into or referencing any of the foregoing. 

“ERISA” the Employee Retirement Income Security Act of 1974, as amended, and the rules and regulations
promulgated thereunder. 
 “ERISA Affiliate” any trade or business (whether or not incorporated) that,
together with the Parent Borrower, is treated as a single employer under Section 414(b) or (c) of the Code or, solely for 

  
 -31- 

 
purposes of Section 302 of ERISA and Section 412 of the Code, is treated as a single employer under Section 414(b), (c), (m) or (o) of the Code. 

“ERISA Event” (a) any “reportable event,” as defined in Section 4043 of ERISA or the
regulations issued thereunder with respect to a U.S. Pension Plan (other than an event for which the 30 day notice period is waived); (b) a failure by any U.S. Pension Plan to satisfy the minimum funding standards (as defined in Section 412 of
the Code or Section 302 of ERISA) applicable to such U.S. Pension Plan in each instance, whether or not waived; (c) the filing pursuant to Section 412(c) of the Code or Section 302(c) of ERISA of an application for a waiver of
the minimum funding standard with respect to any U.S. Pension Plan; (d) a determination that any U.S. Pension Plan is, or is expected to be, in “at risk” status (as defined in Section 430(i)(4) of the Code or
Section 303(i)(4) of ERISA; (e) the incurrence by the Parent Borrower or any of its ERISA Affiliates of any liability under Title IV of ERISA with respect to the termination of any U.S. Pension Plan; (f) the receipt by the Parent
Borrower or any ERISA Affiliate from the PBGC or a plan administrator of any notice relating to an intention to terminate any U.S. Pension Plan or U.S. Pension Plans or to appoint a trustee to administer any U.S. Pension Plan; 

(g) the incurrence by the Parent Borrower or any of its ERISA Affiliates of any liability with respect to the withdrawal or partial withdrawal
from any U.S. Pension Plan or Multiemployer Plan; or (h) the receipt by the Parent Borrower or any ERISA Affiliate of any notice, or the receipt by any Multiemployer Plan from the Parent Borrower or any ERISA Affiliate of any notice, concerning
the imposition of Withdrawal Liability or a determination that a Multiemployer Plan is, or is expected to be, insolvent, within the meaning of Title IV of ERISA or in “endangered” or “critical” status (within the
meaning of Section 432 of the Code or Section 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” the single currency of the Participating Member States. 

“Event of Default” as defined in Section 11. 

“Excluded Account” (a) Excluded Trust Accounts, (b) Deposit Accounts and Securities Accounts of the
Obligors located in the United States, Canada or the United Kingdom and containing not more than $50,000 individually or $250,000 in the aggregate at any time, (c) zero-balance accounts that sweep on a
daily basis to an account maintained with Agent or subject to a Deposit Account Control Agreement and (d) Deposit Accounts and Securities Accounts of the Foreign Domiciled Obligors not located in the United States, Canada or the United Kingdom and
containing not more than $300,000 individually or $1,000,000 in the aggregate for any period of time exceeding three (3) consecutive Business Days. 

“Excluded Swap Obligation” with respect to any Obligor, any Swap Obligation if, and to the extent that, and
only for so long as, all or a portion of the guarantee of such Obligor of, or the grant by such Obligor of a security interest to secure, as applicable, such Swap Obligation (or any guarantee thereof) is or becomes illegal under the Commodity
Exchange Act or any rule, regulation or order of the Commodity Futures Trading Commission (or the application or official interpretation of any thereof) by virtue of such Obligor’s failure to constitute an “eligible contract
participant,” as defined in the Commodity Exchange Act and the regulations thereunder, at the time the guarantee of (or grant of such security interest by, as applicable) such Obligor becomes or would become effective with respect to such Swap
Obligation. If a Swap Obligation arises under a master agreement governing more than one Swap, such exclusion shall apply only to the portion of such Swap Obligation that is attributable to Swaps for which such guarantee or security interest is or
becomes illegal. 

  
 -32- 

 “Excluded Taxes” (a) Taxes imposed on or measured by a
Recipient’s net or overall gross income or net worth or similar Taxes (however denominated), capital Taxes within the meaning of Section 190.1 of the Income Tax Act (Canada) (or similar Taxes imposed by Canada or any political subdivision
thereof), franchise Taxes and branch profits Taxes (i) as a result of such Recipient being organized under the laws of, or having its principal office or applicable Lending Office located in, the jurisdiction imposing such Tax, or
(ii) constituting Other Connection Taxes; (b) in the case of a Lender, any U.S. withholding Taxes imposed on amounts payable to or for the account of a Lender with respect to its interest in a Loan or Commitment pursuant to a law in effect
when the Lender (i) acquires such interest in the Loan or Commitment (except any assignee pursuant to an assignment request by Borrower Agent under Section 13.4) or (ii) such Lender changes its Lending Office,
except in each case to the extent that, pursuant to Section 5.8.1, amounts with respect to such Taxes were payable either to such Lender’s assignor immediately before such Lender become a party hereto or to such Lender
immediately before it changed its Lending Office; (c) Taxes attributable to a Recipient’s failure to comply with Section 5.9; (d) U.S. withholding Taxes imposed pursuant to FATCA; and (e) any Canadian
withholding Taxes resulting from (i) a Lender not dealing at arm’s length within the meaning of the Income Tax Act (Canada) with a Credit Party or (ii) a Lender being, or not dealing at arm’s length with, a “Specified
Shareholder” within the meaning of Section 18(5) of the Income Tax Act (Canada) of a Credit Party. 

“Excluded Trust Accounts” means Deposit Accounts or Securities Accounts used exclusively (a) for
payroll, taxes or employee benefits, (b) to receive proceeds of Accounts sold to third parties pursuant to Specified Vendor Receivables Financings permitted under the Loan Documents, (c) to hold cash and/or cash equivalents pledged to
secure other obligations of the Parent Borrower or any Subsidiary thereof pursuant to Liens permitted under the Loan Documents, (d) as escrow accounts, (e) as fiduciary or trust accounts held exclusively for the benefit of third parties,
other than an Obligor and (f) that contain solely deposits permitted by clauses (c) and (d) of the definition of “Permitted Encumbrances”, including in connection with any letters of credit issued pursuant to such clauses, if the
documents governing such deposits prohibit the granting of a Lien on such deposits. 
 “Existing Letters of
Credit” those letters of credit existing on the Closing Date and identified on Schedule 1.1(A). 
 “Existing Senior Agreement” that certain Credit Agreement, dated as of February 20, 2019, by and among the Parent
Borrower, the several banks and other financial institutions or entities from time to time party thereto and Cortland
Capital Market Services LLC, as administrative agent, as amended, restated, supplemented or otherwise modified from time to
time. 
 “Extraordinary Expenses” all costs,
expenses or advances that Agent or any Security Trustee may incur during an Event of Default, or during the pendency of an Insolvency Proceeding of an Obligor, including those relating to (a) any audit, inspection, repossession, storage,
repair, appraisal, insurance, manufacture, preparation or advertising for sale, sale, collection, or other preservation of or realization upon any Collateral; (b) any action, arbitration or other proceeding (whether instituted by or against
Agent, any Security Trustee, any Lender, any Obligor, any representative of creditors of an Obligor or any other Person) in any way relating to any Collateral (including the validity, perfection, priority or avoidability of Agent’s and/or
Security Trustee’s Liens with respect to any Collateral), Loan Documents, Letters of Credit or Obligations, including any lender liability or other Claims; (c) the exercise of any rights or remedies of Agent and/or Security Trustee in, or
the monitoring of, any Insolvency Proceeding; 
 (d) settlement or satisfaction of taxes, charges or Liens with respect to any Collateral;
(e) any Enforcement Action; and (f) negotiation and documentation of any modification, waiver, workout, restructuring or forbearance with respect to any Loan Documents or Obligations. Such costs, expenses and advances include transfer
fees, Other Taxes, storage fees, insurance costs, permit fees, utility 

  
 -33- 

 
reservation and standby fees, legal fees, appraisal fees, brokers’ and auctioneers’ fees and commissions, accountants’ fees, environmental study fees, wages and salaries paid to
employees of any Obligor or independent contractors in liquidating any Collateral, and travel expenses. 

“FATCA” (a) Sections 1471 through 1474 of the Code as of the Original Closing Date or any amended or
successor provision that is substantively comparable and not materially more onerous to comply with, and, in each case, any regulations or official interpretations thereof, (b) any agreements entered into pursuant to Section 1471(b)(1) of
the Code as of the Original Closing Date or any amended or successor provision as described in clause (a) above and (c) any law, regulation, rule, promulgation or official agreement implementing an official government agreement with
respect to the foregoing. 
 “Federal Funds Rate” (a) the weighted average of interest rates on overnight
federal funds transactions with members of the Federal Reserve System arranged by federal funds brokers on the applicable Business Day (or on 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, if necessary, to the nearest 1/8 of 1%) charged to Bank of America on the applicable day on such
transactions, as determined by Agent. 
 “FILO
Amount” from and after the FILO Commencement Date, as of any date of
determination, the Dollar-equivalent result of: Fifth
Amendment” means
 that certain Fifth Amendment to this Agreement, dated as of February 26, 2019 among the Borrowers, the other Obligors party thereto, the Agent and the Lenders party thereto. 
 (a)        the sum of (i) (a) 5% of the Value of U.S. Eligible Accounts, plus (b) 10% of the NOLV Percentage of the Value of U.S. Eligible
Inventory at such time, multiplied by  

(b)        (i) one
(1), during the 21 month period following the FILO Commencement Date and (ii) at all times thereafter (up to the FILO Termination Date), a fraction, the numerator of which shall be the number of full fiscal quarterly periods remaining prior to
FILO Termination Date and the denominator of which shall be 6; provided that from and after the FILO Termination Date, the FILO Amount shall be zero ($0). For purposes of clarity, the first “full fiscal quarterly period” shall mean a
fiscal quarterly period commencing on the same calendar day that corresponds to the 21 month anniversary of the FILO Commencement Date with reductions in the FILO Amount being effective on the first day of each applicable full fiscal quarterly
period. 
 “FILO Commencement Date” June 30, 2015. 

“FILO Loan” a U.S. Revolver Loan constituting a FILO Loan that is borrowed and deemed outstanding pursuant to Section 
4.1.1(a). 

“FILO Termination Date” June 30, 2018. 

“Financial Covenant Trigger Period”
anythe period from and after March 14, 2019, (a) commencing on the day that an Event of
Default occurs, or U.S. Availability is less than or equal
tothe greater of (x) $7,500,000, and (y) the lesser of (A) 10% of the U.S. Borrowing Base
or(computed without regard to the U.S. Special
Availability Block) and (B) 10% of the aggregate amount of all U.S. Revolver Commitments, and (b) continuing until, during each of the preceding 30 consecutive days, no Event of Default has
existed and U.S. Availability has been greater than the greater of (x) $7,500,000 and (y) 
the lesser of (A) 10% of the U.S. Borrowing Base (computed without regard to
the U.S. Special Availability Block) or (B) 10% of the aggregate amount
of all U.S. Revolver Commitments. 

  
 -34- 

 “Financial Officer” the chief financial officer, principal
accounting officer, treasurer or controller of the Parent Borrower. 
 “First Lien Net Leverage Ratio” on any date, the ratio of
(a) First Lien Secured Debt as of such date less the aggregate amount (not to exceed $100,000,000) of the sum of Unrestricted Domestic Cash plus 65% of Unrestricted Foreign Cash, in each case as of such date, to (b) Consolidated EBITDA for the period of four consecutive Fiscal Quarters of the Parent Borrower ended on such date (or, if such date is not the last day of a Fiscal Quarter, ended on the last day of the Fiscal Quarter of the Parent Borrower most recently ended prior to such date for which financial statements are available). 

“First Lien Secured Debt” Total Debt that is secured by a first priority Lien on any asset of the Parent
Borrower or any of its Subsidiaries (it being understood that any Debt outstanding under this Agreement and any Debt outstanding under the Senior Term Loan Agreement and
theFirst Lien Term Loan Agreement is First Lien Secured Debt).

“
First Lien Term
Loan Agent” JPMorgan Chase Bank, N.A. in its capacity as agent for the lenders under the First Lien Term Loan
Agreement, and its successors and assigns including under any replacement or refinancing with respect thereto. 

“
First Lien Term Loan Agreement” that certain Term Loan Credit Agreement dated as of June 30, 2015 among First Lien Term Loan
Agent, the First Lien Term Loan Lenders, the Parent Borrower, and the other parties thereto, as amended, restated, supplemented, replaced refinanced or otherwise modified from time to time up to and including as amended by the First Lien Term Loan
Agreement Sixth Amendment in accordance with the requirements thereof and this Agreement. 

“First
Lien Term Loan Agreement Fourth Amendment” that certain Fourth Amendment to Credit Agreement, dated as of July 31,
2018, among First Lien Term Loan Agent, the First Lien Term Loan Lenders party thereto, the Parent Borrower, Horizon Global
Americas Inc., a Delaware corporation, Horizon Global Company LLC, a Delaware limited liability company, and the other parties thereto. 

“
First Lien Term Loan Agreement Sixth
Amendment” that
 certain Sixth Amendment to Credit Agreement, dated as of Seventh Amendment Effective Date, among First Lien Term Loan Agent, the First Lien Term Loan Lenders party thereto, the Parent Borrower, Horizon Global Americas Inc., a Delaware corporation,
Horizon Global Company LLC, a Delaware limited liability company, and the other parties thereto. 

“
First Lien Term Loan
Debt” the
 Debt and
“Obligations
” (as
 defined under the First Lien Term Loan Agreement) evidenced by the First Lien Term Loan Documents, in aggregate principal amount (in the case of loans) not to exceed $191,000,000 plus an additional amount of Debt incurred under the Second Lien Term
Loan Documents solely in connection with the
“
in-kind” payment
of interest thereon and fees pursuant to the terms of the First Lien Term Loan Agreement as in effect as of the Seventh Amendment Effective Date. 

“
First Lien Term Loan
Documents” collectively
 (a) the
 First Lien Term Loan Agreement and
(b) all
 other agreements, instruments, documents and certificates executed and delivered to, or in favor of, the First Lien Term Loan Agent or the First Lien Term Loan Lenders in connection therewith.

“
First Lien Term Loan
Lenders” the
 lenders party to the First Lien Term Loan Agreement. 
 “First Lien
Term Loan Security
Documents” collectively,
 the Guarantee and Collateral Agreement
(as
defined
in
the
First
Lien
Term
Loan
Agreement),
the
Mortgages
(as
defined
in
the
First 

  
 -35- 

 
Lien Term Loan Agreement) and all other security documents delivered to the First
Lien Term Loan Agent granting a Lien on any property of any Person to secure the obligations and liabilities of any Obligor under the First Lien Term Loan Agreement or the Guarantee and Collateral Agreement (as defined in the First Lien Term Loan
Agreement), as such documents may be amended, restated, supplemented, replaced, refinanced or otherwise modified from time to time in accordance with the requirements thereof and of this
Agreement. 
 “Fiscal Quarter” each period of
three months, commencing on the first day of a Fiscal Year. 
 “Fiscal Year” the fiscal year of Borrowers
and Subsidiaries for accounting and tax purposes, ending on December 31 of each year. 
 “Fixed Charge Coverage
Ratio” the ratio, determined on a consolidated basis for Borrowers and Subsidiaries for the most recent 12 months, of (a) Consolidated EBITDA minus Capital Expenditures (except those financed with Borrowed Money other than
Revolver Loans) and cash taxes paid, to (b) Fixed Charges. For purposes of calculating the Fixed Charge Coverage Ratio for the 12-month periods ending December 31, 2015, January 31, 2016, February 29, 2016, March 31, 2016, April 30, 2016, and May 31, 2016, cash taxes paid for each such 12-month period shall be calculated by using the amount of cash taxes paid for the period from July 1, 2015 through the last day of the applicable 12-month period and multiplying such amount by (i) 2, in the case of the 12-month period ending December 31, 2015, (ii) 12/7, in the case of the 12-month period ending January 31, 2016, (iii) 3/2, in the case of the 12-month period ending February 29, 2016, (iv) 4/3, in the case of the 12-month period ending March 31, 2016, (v) 6/5, in the case of the12-month period ending April 30, 2016, and (vi) 12/11, in the case of the 12-month period ending May 31, 2016. 

“Fixed Charges” the sum of interest expense (other than payment-in-kind, but including interest-equivalent costs associated with any Specified Vendor
Receivables Financing, whether accounted for as interest expense or loss on the sale of receivables), scheduled principal payments made on Borrowed Money, and cash Distributions made by the Parent
Borrower. 
 “Floating Rate Loan” a Base Rate Loan or a Canadian Prime Rate Loan. 

“FLSA” the Fair Labor Standards Act of 1938, as amended from time to time. 

“Foreign Allocated U.S. Availability” Canadian Allocated U.S. Availability and UK Allocated U.S.
Availability. 
 “Foreign Allocated U.S. Availability Reserve” the aggregate amount of U.S. Availability
allocated by Borrower Agent for inclusion in the Borrowing Bases of the Foreign Borrowers. 
 “Foreign
Borrowers” the Canadian Borrower and the UK Borrower. 

“Foreign Cash Collateral
Account” a demand deposit, money market or other account
established by Agent at such financial institution as Agent may select in its Permitted Discretion, which account
shall be held in the United States and shall be subject to a Lien in favor of Agent for the benefit of the
Foreign Facility Secured Parties. 

“Foreign Cross-Guarantee” as defined in Section 
5.10.4. 

“Foreign Domiciled Obligor” any Obligor that is not a U.S. Domiciled Obligor. 

  
 -36- 

“Foreign Facility Collateral and Guarantee
Requirement” subject to any applicable limitations set forth in the Security Documents and the Agreed Security Principles:

(a)         with
respect to any and all Canadian Facility Obligors, the requirement that: 

(i)       
  Agent shall have received from each party thereto (other than Agent) either (A) a counterpart of the Foreign Facility Guarantee and Collateral Agreement (with respect to Foreign Domiciled Obligors and, to the extent requested by Agent,
U.S. Domiciled Obligors) and each of the other Canadian Security Documents to which such Person is a party, duly executed and delivered on behalf of such Canadian Facility Obligor, as applicable, or (B) in the case of any Person that becomes a
Canadian Facility Obligor after the Closing Date, a joinder to this Agreement and a supplement or a counterpart to the Foreign Facility Guarantee and Collateral Agreement (with respect to Foreign Domiciled Obligors and, to the extent requested by
Agent, U.S. Domiciled Obligors) and each other applicable Canadian Security Document, in each case in the form specified therein, duly executed and delivered on behalf of such Canadian Facility Obligor, as applicable; 

(ii)      
   all outstanding Equity Interests of each Subsidiary Obligor owned by or on behalf of any Canadian Facility Obligor shall have been pledged pursuant to an appropriate Canadian Security Document and, subject to the Intercreditor Agreement,
Agent or Controlling Term Loan Agent, as applicable, shall have received certificates or other instruments representing all such Equity Interests, together with stock powers or other instruments of transfer with respect thereto endorsed in
blank; 
 (iii)         all
Debt
for
borrowed
money
having
an
aggregate
principal
amount
in
excess
of $500,000 that is owing to any
Canadian Facility Obligor shall be evidenced by a promissory note and shall have been pledged pursuant to an
appropriate Canadian Security Document, and, subject to the Intercreditor Agreement, Agent and/or Controlling Term
Loan Agent, as applicable, shall have received all such promissory notes, together with instruments of transfer with
respect thereto endorsed in
blank; 

(iv)      
   all documents and instruments, including UCC and PPSA financing statements, required by Applicable Law or reasonably requested by Agent to be filed,
registered or recorded to create the Liens on the assets of such Canadian Facility Obligor intended to be created by
the Canadian Security Documents and perfect such Liens to the extent required by, and with the priority required by, the Canadian Security Documents (with respect to U.S. Obligors that are also Canadian Facility Obligors, in each case subject to the
Intercreditor Agreement), shall have been filed, registered or recorded; 

(v)       
  Agent shall have received, with respect to any Mortgaged Property of any Canadian Facility Obligor (A) counterparts of a Canadian Mortgage with respect to such Mortgaged Property duly executed and delivered by the record owner of such
Mortgaged Property, (B) a policy or policies of title insurance issued by a nationally recognized title insurance company insuring the Lien of each such Canadian Mortgage as a valid first Lien on the Mortgaged Property described therein, free
of any other Liens except as expressly permitted by Section 10.2.2, together with such endorsements, coinsurance and reinsurance as Agent or the Required Lenders may reasonably request, but only to the extent such
endorsements are (1) available in the relevant jurisdiction (provided in no event shall Agent request a creditors’ rights endorsement) and (2) available at commercially reasonable rates, (C) if reasonably requested by Agent, a
current appraisal of any such Mortgaged Property, prepared by an appraiser acceptable to Agent, and in form and substance satisfactory to Required Lenders (it being understood that if

  
 -37- 

 such
appraisal is required in order to comply with Agent’s internal policies, such
request shall be deemed to be reasonable), (D) if reasonably requested by Agent, an environmental
assessment with respect to any such Mortgaged Property, prepared by environmental engineers reasonably acceptable to Agent, and such other reports, certificates, studies or data with respect to such Mortgaged Property as Agent may reasonably require, all in form and substance reasonably satisfactory to Required Lenders (it being understood that if such assessment or other materials are required in order to comply with
Agent’s internal policies, such request shall be deemed to be reasonable), and (E) such abstracts, legal opinions and other documents as Agent or the Required Lenders may reasonably request with respect to any such Canadian Mortgage or Mortgaged Property; provided, however, in no event shall surveys be required to be obtained with respect to any such Mortgaged Property; 

(vi)      
   each Canadian Facility Obligor shall have obtained all material consents and approvals required to be obtained by it in connection with the execution and delivery of all Canadian Security Documents to which it is a party, the performance
of its obligations thereunder and the granting by it of the Liens thereunder, and in each case except to the extent not required to be obtained pursuant to the terms of the Loan Documents;
and 
 (vii)         the U.S. Facility
Collateral and Guarantee Requirement (with respect to U.S. Obligors only), the Mexican Collateral and Guarantee Requirement (with respect to Mexican Domiciled Obligors only), and the Dutch Collateral and Guarantee Requirement (with respect to Dutch
Domiciled Obligors only) shall be met; and 
 (b)      with respect to any and all UK Facility Obligors, the requirement that: 

(i)
Agent shall have received from each party thereto (other than Agent) either (A) a counterpart of the Foreign Facility Guarantee and Collateral Agreement (with respect to
Foreign Domiciled Obligors and, to the extent requested by Agent, U.S. Domiciled Obligors) and each of the other UK Security Document to which such Person is a party, duly executed and delivered on behalf of such UK Facility Obligor, as applicable,
or (B) in the case of any Person that becomes a UK Facility Obligor after the
Closing Date, a joinder to this Agreement and deeds of accession or supplements to the Foreign Facility Guarantee and Collateral Agreement (with respect to Foreign Domiciled Obligors and, to the extent requested by Agent, U.S. Domiciled Obligors)
and each other applicable UK Security Document, in each case in the form specified therein, duly executed and delivered on behalf of such UK Facility Obligor, as
applicable; 

(ii)      
   all outstanding Equity Interests of each Subsidiary Obligor owned by or on behalf of any UK Facility Obligor shall have been pledged pursuant to an appropriate UK Security Document (such as the Mexican Equity Pledges) and, subject to the
Intercreditor Agreement, Agent or Controlling Term Loan Agent, as applicable, shall have received certificates or other instruments representing all such Equity Interests, together with stock powers or other instruments of transfer with respect
thereto endorsed in blank; 
 (iii)         each UK Facility
Obligor shall have obtained all material consents and approvals required to be obtained by it in connection with the execution and delivery of all UK Security Documents to which it is a party, the performance of its obligations thereunder and the
granting by it of the Liens thereunder, and in each case except to the extent not required to be obtained pursuant to the terms of the Loan Documents; 

(iv)      
   Agent shall have received all documents and instruments required by law or reasonably requested by Agent to be filed, registered or recorded to create the Liens intended to

  

  
 -38- 

 be created
by the UK Security Documents and perfect such Liens to the extent required by the UK Security Documents shall have
been filed, registered, recorded or delivered to Agent for filing, registration or recording (including without
limitation, with respect to the UK Borrower, the ratified notarial instrument corresponding to the Mexican Asset
Pledge); and 

        (v) 
        the U.S. Facility Collateral and Guarantee Requirement (with respect to U.S. Obligors only), the Mexican Collateral and Guarantee Requirement (with respect to Mexican Domiciled Obligors only), and the Dutch
Collateral and Guarantee Requirement (with respect to Dutch Domiciled Obligors only) shall be met. 

  “Foreign Facility Guarantee and Collateral
Agreement” that certain Foreign Facility Guarantee and Collateral Agreement, dated as of the Closing Date, by and among Cequent Performance, Horizon International Holdings LLC, a Delaware limited liability company, the Canadian Domiciled Obligors, the UK Domiciled Obligors, the Mexican Domiciled Obligors, Cequent Nederland Holdings B.V., certain other Obligors and Agent, as amended, restated,
supplemented or otherwise modified from time to time. 

“Foreign Facility Obligations” the Canadian Facility Obligations and the UK Facility Obligations. 

“Foreign Facility Secured
Parties” Canadian Facility Secured Parties and/or UK Facility
Secured Parties, as the context requires. 

“Foreign Lender” (a) with respect to each Borrower that is a U.S. Person, each Lender or Issuing Bank that is
not a U.S. Person, and (b) with respect to each Borrower that is not a U.S. Person, each Lender or Issuing Bank that is resident or organized under the laws of a jurisdiction other than that in which such Borrower is resident for Tax purposes.

 “Foreign Obligor” each Obligor that is not a U.S. Obligor. For the avoidance of confusion, “Foreign
Obligors” shall include all U.S. Domiciled Obligors that are not U.S. Facility Obligors, including, without limitation, CFC Holdcos and U.S. Holdcos. 

“Foreign Plan” any employee benefit plan, program, policy, arrangement or agreement maintained or contributed
to by Parent Borrower or any of its Subsidiaries with respect to employees employed outside of the U.S. or Canada, other than any state social security arrangements. 

“Foreign Revolver Commitments” the Canadian Revolver Commitment and/or the UK Revolver Commitment, as the
context requires. 
 “Foreign Subsidiary” any Subsidiary that is organized under the laws of a jurisdiction
other than the United States of America or any State thereof or the District of Columbia. 
 “Fourth
Amendment” means that certain Fourth Amendment to this Agreement, dated as of February 20, 2019 among the Borrowers, the other Obligors party thereto, the Agent and the Lenders party thereto. 

“Fourth Amendment Effective
Date” means the “Amendment Effective
Date” as set forth in
the Fourth Amendment. 

“Fronting Exposure” a Defaulting Lender’s interest in LC Obligations, Swingline Loans and Protective
Advances, except to the extent Cash Collateralized by the Defaulting Lender or allocated to other Lenders hereunder. 

  
 -39- 

 “FSCO” The Financial Services Commission of Ontario or like
body in Canada or in any other province or territory or jurisdiction of Canada with whom a Canadian Pension Plan is required to be registered in accordance with Applicable Law and any other Governmental Authority succeeding to the functions thereof.

 “Full Payment” with respect to any Obligations, (a) the full cash payment thereof, including any
interest, fees and other charges accruing during an Insolvency Proceeding (whether or not allowed in the proceeding) (other than contingent indemnification obligations for which no claim has been asserted or is reasonably expected to be asserted);
(b) if such Obligations are LC Obligations or inchoate or contingent in nature, Cash Collateralization thereof (or delivery of a standby letter of credit acceptable to Agent in its Permitted Discretion, in the amount of required Cash Collateral);
and (c) the release of any and all claims of the Obligors against Agent, Lenders and their Affiliates arising on or before the payment date. “Fully Paid” has a correlative meaning. No Loans shall be deemed to have been
paid in full unless all Commitments related to such Loans have terminated. 
 “GAAP” generally accepted
accounting principles in effect in the United States from time to time. 
 “General Intangibles” as defined
in the UCC (and/or with respect to any General Intangible of a Canadian Domiciled Obligor, an “intangible” as defined in the PPSA) or any other Applicable Law, as applicable. 

“
German Domiciled
Obligor” means
 any Obligor which is formed or organized under the laws of Germany. 

“
German Security
Documents” all
 pledge, security or similar documents executed from time to time in favor of Security Trustee and/or Agent by any German Domiciled Obligor with respect to any assets of such German Domiciled Obligor or by any other Obligor with respect to assets of
such Obligor located in Germany. 
 “Governmental
Approvals” all authorizations, consents, approvals, licenses and exemptions of, registrations and filings with, and required reports to, all Governmental Authorities. 

“Governmental Authority” the government of the United States of America, any other nation or any political
subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or
pertaining to government (including, without limitation, the Financial Conduct Authority, the Prudential Regulation Authority and any supra-national body exercising such powers or functions, such as the European Union or the European Central Bank),
in each case whether it is or is not associated with Canada, the United Kingdom, the U.S. or any state, province, district or territory thereof, or any other foreign entity or government. 

“Guarantee” of or by any Person (the “guarantor”) means any obligation, contingent or
otherwise, of the guarantor guaranteeing or having the economic effect of guaranteeing any Debt or other obligation of any other Person (the “primary obligor”) in any manner, whether directly or indirectly, and including any
obligation of the guarantor, direct or indirect, (a) to purchase or pay (or advance or supply funds for the purchase or payment of) such Debt or other obligation or to purchase (or to advance or supply funds for the purchase of) any security
for the payment thereof, (b) to purchase or lease property, securities or services for the purpose of assuring the owner of such Debt or other obligation of the payment thereof, (c) to maintain working capital, equity capital or any other
financial statement condition or liquidity of the primary obligor so as to enable the primary obligor to pay such Debt or other obligation or (d) as an 

  
 -40- 

 
account party in respect of any letter of credit or letter of guaranty issued to support such Debt or obligation; provided, that the term “Guarantee” shall not include
endorsements for collection or deposit in the Ordinary Course of Business. 
 “Guarantee and Collateral
Agreement” that certain ABL Guarantee and Collateral
Agreement, dated as of June 30, 2015, by and among the U.S. Obligors and Agent, as amended, restated, supplemented or otherwise modified from time to time. 

“Guarantor Payment” as defined in Section 5.10.3. 

“Guarantors” Canadian Facility Guarantors, UK Facility Guarantors, U.S. Facility Guarantors, and each other
Person that guarantees payment or performance of Obligations, in each case as the context requires. 

“Guaranties” the Canadian Guaranties, the UK Guaranties and/or the U.S. Guaranties, as the context requires.

 “Hazardous Materials” all explosive, radioactive, hazardous or toxic substances, wastes or other
pollutants, including petroleum or petroleum distillates, asbestos or asbestos containing materials, polychlorinated biphenyls, radon gas, infectious or medical wastes and all other substances or wastes of any nature regulated pursuant to any
Environmental Law. 
 “Hedging Agreement” any (i) interest rate protection agreement, foreign currency
exchange agreement, commodity price protection agreement or other interest or currency exchange rate or commodity price hedging arrangement, (ii) Permitted Bond Hedge Transactions and (iii) Permitted Warrant Transactions. 

“Immaterial
Subsidiary” at any date, any Subsidiary of the Parent
Borrower that, together with its consolidated Subsidiaries (i) does not, as of the last day of the Fiscal Quarter of the Parent Borrower most recently ended on or prior to such date for which financial statements are available, have assets with a value in excess of 2.5% of the consolidated total assets of the Parent Borrower and its consolidated Subsidiaries and (ii) did not, during the period of four consecutive Fiscal Quarters of the Parent Borrower most recently ended on or prior to such date for which financial statements are available, have revenues exceeding 2.5% of the total revenues of the Parent Borrower and its consolidated Subsidiaries; provided that, the
aggregate assets or revenues of all Immaterial Subsidiaries, determined in accordance with GAAP, may not exceed 5.0%
of consolidated assets or consolidated revenues, respectively, of the Parent Borrower and its consolidated
Subsidiaries, collectively, at any time (and the Parent Borrower will promptly designate in writing to Agent the
Subsidiaries which will cease to be treated as “Immaterial Subsidiaries” in order to comply with the foregoing limitation). 

“IMPI” the Mexican Institute of Intellectual Property (Instituto Mexicano de la Propiedad Industrial).

 “Incremental Facility
Agreement” an Incremental Facility Agreement, in form and
substance reasonably satisfactory to Agent, among the Parent Borrower, the Term Loan Agent and one or
more Term Loan Lenders and effecting such other amendments to the Term Loan Documents as are contemplated by Section 2.21 of the Term Loan Agreement. 

“Incremental Term
Commitment” with respect to any Term Loan Lender, the
commitment, if any, of such Term Loan Lender, established pursuant to an Incremental Facility Agreement and
Section 2.21 of the Term Loan
Agreement,
to
make
Incremental
Term
Loans
of
any
series
under
the
Term
Loan 

  
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Agreement, expressed as an amount representing the maximum principal amount of the Incremental Term Loans of such series to be made by such Term Loan Lender. 

“Incremental Term
Loans” any term loans made pursuant to
Section 2.21(a) of the Term Loan Agreement. 

“Indemnified Taxes” (a) Taxes, other than Excluded Taxes, imposed on or relating to any payment of an
Obligation; and (b) to the extent not otherwise described in clause (a), Other Taxes. 
 “Indemnitees”
Agent Indemnitees, Lender Indemnitees, Issuing Bank Indemnitees and Bank of America Indemnitees. 
 “Insolvency
Proceeding” any case or proceeding, application, meeting convened, resolution passed, proposal, corporate action or any other proceeding commenced by or against a Person under any state, provincial, federal or foreign law for, including
without limitation the Mexican Bankruptcy Law, or any agreement of such Person to, (a) the entry of an order for relief under the U.S. Bankruptcy Code, or any other insolvency, debtor relief, bankruptcy, receivership, debt adjustment law or
other similar law (whether state, provincial, federal or foreign), including the Bankruptcy and Insolvency Act (Canada) and the CCAA; (b) the appointment of a Creditor Representative or other custodian for such Person or any part of its
Property; (c) an assignment or trust mortgage for the benefit of creditors; (d) the winding up or strike off of the Person (other than in connection with a solvent reorganization permitted by Section 10.2.3); (e)
the proposal or implementation of a scheme of arrangement; (f) a suspension of payment, moratorium of any debts, official assignment, composition or arrangement with a Person’s creditors; or (g) in the case of a UK Domiciled Obligor, any
corporate action, legal proceedings or other procedure commenced or other step taken (including the making of an application, the presentation of a petition, the filing or service of a notice or the passing of a resolution) in relation to
(i) such UK Domiciled Obligor being adjudicated or found insolvent, (ii) 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 such UK Domiciled Obligor other than a solvent liquidation or reorganization of such UK Domiciled Obligor permitted by Section 10.2.3, (iii) a
composition, assignment or arrangement with any class of creditors of such UK Domiciled Obligor or (iv) the appointment of a liquidator, supervisor, receiver, administrator, administrative receiver, compulsory manager, trustee or other similar
officer in respect of such UK Domiciled Obligor or any of its assets. 
 “Intellectual Property” the
collective reference to all rights, priorities and privileges relating to intellectual property, whether arising under United States, multinational or foreign laws or otherwise, including, without limitation, the Copyrights, the Copyright Licenses,
the Patents, the Patent Licenses, the Trademarks and the Trademark Licenses, and all rights to sue at law or in equity for any infringement, misappropriation or violation thereof, including the right to receive all proceeds and damages therefrom.

 “Intellectual Property Claim” any claim or assertion (whether in writing, by suit or otherwise) that a
Borrower’s or Subsidiary’s ownership, use, marketing, sale or distribution of any Inventory, Equipment, Intellectual Property or other Property violates another Person’s Intellectual Property. 

“Intercreditor Agreement”
the Amended and Restated Intercreditor Agreement, dated as of June 30,
2015,on or about the Seventh Amendment Effective Date between
the Term Loan AgentAgents and the Agent, acknowledged by the
U.S. Domiciled Obligors and relating to the Term Loan Debt, as amended by that certain First Amendment to
Intercreditor Agreement, dated as of October 3, 2016, and by that certain Second Amendment to Intercreditor Agreement,
dated on or about the Fourth Amendment Effective Date and
supplemented
by
that
certain
Joinder
Agreement
to
Intercreditor
Agreement
dated
on 

  
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 or about the Fourth
Amendment Effective Date and as further amended, restated, supplemented, or otherwise modified from time to time in
accordance with the terms thereof. 
 “Interest
Period” as defined in Section 3.1.4. 
 “Interest Period Loan” a
Canadian BA Rate Loan or a LIBOR Loan. 
 “Inventory” as defined in the UCC, the PPSA or any other
Applicable Law, including all goods intended for sale, lease, display or demonstration; all work in process; and all raw materials, and other materials and supplies of any kind that are or could be used in connection with the manufacture, printing,
packing, shipping, advertising, sale, lease or furnishing of such goods, or otherwise used or consumed in a Borrower’s business (but excluding Equipment). 

“Inventory Formula Amount” the Canadian Inventory Formula Amount, the UK Inventory Formula Amount and/or the
U.S. Inventory Formula Amount, as the context requires. 
 “Inventory Reserve” the Canadian Inventory
Reserve, the UK Inventory Reserve and/or the U.S. Inventory Reserve, as the context requires. 
 “IRS” the
United States Internal Revenue Service. 
 “Issuing Bank Indemnitees” the Canadian Issuing Bank
Indemnitees, the UK Issuing Bank Indemnitees and the U.S. Issuing Bank Indemnitees. 
 “Issuing Banks” the
Canadian Issuing Banks, the UK Issuing Banks and/or the U.S. Issuing Banks, as the context requires. 

“ITA” the Income Tax Act 2007 (United Kingdom), as amended from time to time. 

“Judgment Currency” as defined in Section 1.5. 

“Latest Maturity Date” as of any date of determination, the latest maturity date applicable to any Loans
outstanding or Commitments in effect hereunder and/or any Term Loan Debt or Incremental Term Commitment. 

“LC Document” any of the Canadian LC Documents, UK LC Documents, and/or the U.S. LC Documents, as the context
requires. 
 “LC Obligations” the Canadian LC Obligations, the UK LC Obligations and/or the U.S. LC
Obligations, as the context requires. 
 “LC Request” a Canadian LC Request, a UK LC Request or a U.S. LC
Request, as the context requires. 
 “Lender Indemnitees” Lenders and Secured Bank Product Providers, and
their officers, directors, employees, Affiliates, branches, agents and attorneys. 
 “Lenders” lenders
party to this Agreement, including (a) Bank of America and its Affiliates and branches in their respective capacities as the Canadian Swingline Lender, the UK Swingline Lender and the U.S. Swingline Lender, (b) the Canadian Lenders,
(c) the UK Lenders, (d) the U.S. Lenders and (e) their respective permitted successors and assigns and, where applicable, any Issuing Bank, and any other 

  
 -43- 

 
Person who hereafter becomes a “Lender” pursuant to an Assignment, including any Lending Office of the foregoing. 

“Lending Office” the office (including any domestic or foreign Affiliate or branch) designated as such by a
Lender or Issuing Bank by notice to Agent and Borrower Agent. 
 “Letters of Credit” the Canadian Letters
of Credit, the UK Letters of Credit and/or the U.S. Letters of Credit, as the context requires. 
 “LIBOR”
the per annum rate of interest (rounded up to the nearest 1/8th of 1% and in no event less than zero) determined by Agent at or about 11:00 a.m. (London time) two Business Days prior to an interest period, for a term equivalent to such period, equal
to the London Interbank Offered Rate, or comparable or successor rate approved by Agent, as published on the applicable Reuters screen page (or other commercially available source designated by Agent from time to time); provided, that any
comparable or successor rate shall be applied by Agent, if administratively feasible, in a manner consistent with market practice. 

“LIBOR Loan” each set of LIBOR Revolver Loans having a common length and commencement of Interest Period.

 “LIBOR Revolver Loan” a Revolver Loan that bears interest based on LIBOR; provided,
however, that a Canadian Base Rate Loan bearing interest as set forth in clause (c) of the definition of Canadian Base Rate, or a U.S. Base Rate Loan bearing interest as set forth in clause (c) of the definition of U.S. Base Rate,
shall not constitute a LIBOR Revolver Loan. 
 “License” means, with respect to any Person, all of such
Person’s right, title, and interest in and to (a) any and all licensing agreements or similar arrangements in and to its Patents, Copyrights, or Trademarks, (b) all income, royalties, damages, claims, and payments now or hereafter due
or payable under and with respect thereto, including, without limitation, damages and payments for past and future breaches thereof, and (c) all rights to sue for past, present, and future breaches thereof. 

“Licensor” any Person from whom an Obligor obtains the right to use any Intellectual Property. 

“Lien” with respect to any asset, (a) any mortgage (hypotheek), deed of trust, lien and in
general any right in rem (beperkte recht), pledge (pandrecht), hypothecation, encumbrance, charge, trust (deemed, constructive, statutory or otherwise) or security interest in, on or of such asset, (b) the interest of a vendor or
a lessor under any conditional sale agreement, capital lease or title retention agreement (or any financing lease having substantially the same economic effect as any of the foregoing) relating to such asset and (c) in the case of securities,
any purchase option, call or similar right of a third party with respect to such securities. 
 “Lien
Waiver” documents in the form of Exhibits C-1 and C-2 (in each case with appropriate modifications to remove the references to the Term Loan Agent, the Term Loan Documents, the Term Loan
AgentAgents and the Term Loan Documents if such Lien Waiver is
delivered with respect to an Obligor that is not a U.S. Obligor) and each other landlord waiver, bailee letter, or acknowledgement agreement of any lessor, mortgagee, warehouseman, processor, shipper, customs broker, freight forwarder, repairman,
mechanic, bailee, consignee, or other Person in possession of, having a Lien upon, or having rights or interests in any Obligor’s books and records, Equipment, or Inventory, or, with respect to any Collateral subject to a Licensor’s
Intellectual Property rights, an agreement of such Licensor, in each case, in form and substance reasonably satisfactory to Agent. 

  
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 “Loan” a Revolver Loan. 

“Loan Documents” this Agreement, Other
Agreements and Security Documentsthe Security Documents, the Intercreditor Agreement and each LC Document, fee letter, Lien Waiver, Borrowing Base Report, Compliance Certificate, Perfection
Certificate, Borrower Materials, or other note, document, instrument or agreement (other than this Agreement or a Security Document) now or hereafter delivered by an Obligor or other Person to Agent, a Security Trustee or a Lender in connection with
any transactions relating hereto. 
 “Loan
Year” each 12 month period commencing on the Original Closing Date and on each anniversary of the Original Closing Date. 

“Local Time” with respect to (a) Canadian Revolver Loans, prevailing time in Toronto, Ontario, Canada,
(b) UK Revolver Loans, prevailing time at Agent’s notice address under Section 14.3.1 and (c) U.S. Revolver Loans, prevailing time at Agent’s notice address under Section 14.3.1.

 “Margin Stock” as defined in Regulation U of the Board. 

“Material Adverse Effect” a material adverse effect on (a) the business, operations, properties, assets,
financial condition, or material agreements of the Parent Borrower and the Subsidiaries, taken as a whole, (b) the ability of any Obligor in any material respect to perform any of its obligations under any Loan Document or (c) the rights
of or benefits available to the Lenders under any Loan Document or the validity or priority of Agent’s or any Security Trustee’s Liens on any Collateral. 

“Material Agreements” any agreements or instruments relating to Material Debt. 

“Material Debt” (a)
the First Lien Term Loan Debt, (b) the Debt outstanding in respect of the SeniorSecond Lien Term Loan
DocumentsDebt and (c) any other Debt (other than the Loans and Letters of Credit), or obligations in respect of one or more Hedging Agreements, of any one or more of the Parent Borrower and its Subsidiaries in an
aggregate principal amount exceeding
$25,000,000.5,000,000. For purposes of determining Material Debt, the “principal amount” of the obligations of the Parent Borrower or any Subsidiary in respect of any Hedging Agreement at any time shall be the maximum
aggregate amount (giving effect to any netting agreements) that the Parent Borrower or such Subsidiary would be required to pay if such Hedging Agreement were terminated at such time. For the avoidance of doubt, the term “Material Debt” shall not include any obligations under any Permitted Warrant Transaction. 

“Maximum Alternative Incremental Debt
Amount” an aggregate principal amount of Alternative Incremental Debt that would not, immediately after giving effect to the establishment thereof and any other Debt incurred substantially simultaneously therewith (and any related repayment of Debt), cause (a) with respect to any Pari Passu Alternative Incremental Debt, the First Lien Net Leverage Ratio, calculated on a pro forma basis as of the date of incurrence of such Debt (but disregarding the proceeds of any such Debt in calculating Unrestricted Domestic Cash), to exceed 3.25 to 1.00, (b) with respect to any Alternative Incremental Debt secured by Liens that are junior to the Liens on the Collateral securing the Term Loan Debt, the Secured Net Leverage Ratio, calculated on a pro forma basis as of the date of incurrence of such Debt (but disregarding the proceeds of any such Debt in calculating Unrestricted Domestic Cash), to exceed 3.50 to 1.00 and (c) with respect to any unsecured Alternative Incremental
Debt, the Net Leverage Ratio, calculated on a pro forma basis as of the date of incurrence of such Debt (but disregarding the proceeds of any such Debt in calculating Unrestricted Domestic Cash), to exceed 4.00 to 1.00. 

“Maximum Facility Amount”
$99,000,000.90,000,000. 

  
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 “Mexican Asset Pledges” (i) threetwo (
32) 
non-possessory pledge agreements (contratos de prenda sin transmisión de posesión) dated on or about the Closing Date and satisfactory to Agent, pursuant to which the Mexican Domiciled Obligors
have pledged and granted a first priority Lien in favor of Agent over all or substantially all of the present and future movable assets (bienes muebles) and/or equipment owned by each Mexican Domiciled Obligor located in Mexico, including but
not limited to Inventory, Equipment, Intellectual Property, among others; and (ii) one (1) pledge agreement dated on or about the Closing Date and satisfactory to Agent, pursuant to which the UK Borrower has pledged and granted a first priority
Lien in favor of Agent over all present and future assets and/or equipment owned by the UK Borrower located in Mexico, including but not limited to Inventory, Equipment, Intellectual Property, among others, in each case as amended, restated,
supplemented or otherwise modified from time to time. 
 “Mexican Bankruptcy Law” the Mexican Ley
de Concursos Mercantiles, as amended, implemented and/or supplemented from time to time. 
 “Mexican Collateral and Guarantee
Requirement” subject to any applicable limitations set
forth in the Security Documents and the Agreed Security Principles, with respect to all Mexican
Domiciled Obligors, the requirement that Agent shall have received evidence of the following documents: 

(a) a copy of the mercantile folio (folio mercantil) of each Mexican Domiciled Obligor, issued by the corresponding Public Registry of the Property and Commerce (Registro
Público de la Propiedad y del Comercio) evidencing the absence of any Insolvency Proceedings; 
 (b)
notarized copies of the partner’s resolutions of the Mexican Domiciled Obligors:
(i) authorizing the execution, delivery and performance of the Loan Documents to
which such Mexican Domiciled Obligors are party; (ii) authorizing a specific
person or persons to execute the Loan Documents to which each such Mexican Domiciled Obligor is a party on behalf of such Mexican Domiciled Obligor;
(iii) authorizing a specific person or persons, on behalf of each Mexican
Domiciled Obligor, to sign and/or dispatch all documents and notices to be signed or dispatched by such Mexican Domiciled Obligor under or in connection with the Loan Documents to which it is a party; (iv) authorizing the appointment of the Borrower Agent as each Mexican Domiciled Obligor’s agent
for service of process in New York; and (v) waiving the pre-emptive rights of
each Mexican Domiciled Obligor in respect of any pledged Equity Interests, authorizing the division of such Equity Interests and approving any sale of such Equity Interests conducted in the context of foreclosures under the Security
Documents; 
 (c) a certificate of a member of the board of managers or an authorized officer of each Mexican Domiciled
Obligor as to the Solvency of such Mexican Domiciled Obligor; 

(d) a ratified notarial instrument by a Mexican notary public of the Mexican Asset Pledges and Mexican Equity Pledges; 

(e) all documents and instruments, required by law or
reasonably requested by Agent to be filed, registered or recorded to create the Liens intended to be created by the Foreign Facility Guarantee and Collateral Agreement
and by the Mexican Security Documents and to perfect such Liens to the extent required by, and with the priority required by, the Foreign Facility Guarantee and Collateral Agreement and by the Mexican Security Documents, shall have been filed,
registered or recorded or delivered to Agent for filing, registration or recording;
and 

(f) duly executed Canadian Guaranties and UK Guaranties. 

  
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 “Mexican Domiciled Obligors” Cequent Sales Company de
Mexico, S. de R.L. de C.V., a limited liability company organized under the laws of Mexico, Cequent Trailer Products, S. de R.L. de C.V., a limited liability company organized under the laws of
Mexico,and Cequent Electrical Products de Mexico, S. de R.L. de
C.V., a limited liability company organized under the laws of Mexico, and each other Obligor organized or incorporated under the laws of Mexico or any jurisdiction thereof. 

“Mexican Equity Pledges”
threetwo (32) non- possessory pledge agreements (contratos de prenda sin transmisión de posesión), dated on or about the Closing Date and satisfactory to Agent, pursuant to
which the interest holders of the Mexican Domiciled Obligors have pledged and granted a first priority Lien in favor of Agent over all of the Equity Interests in each of the Mexican Domiciled Obligors, in each case as amended, restated, supplemented
or otherwise modified from time to time. 
 “Mexican Security Documents” the Mexican Asset Pledges,
the Mexican Equity Pledges, and all other documents, instruments and agreements governed by the laws of Mexico now or hereafter securing (or given with the intent to secure) any of
the Foreign Facility Obligations, in each case as amended, restated, supplemented or otherwise modified from time to time.

 “Mexico” means the United Mexican States. 

“Moody’s” Moody’s Investors Service, Inc., and its successors. 

“Mortgages” the Canadian Mortgages, the UK Mortgages and/or the U.S. Mortgages, as the context requires. 

“Mortgaged Property” each parcel of real property and improvements thereto with respect to which a Mortgage
is required to be granted pursuant to Section 10.1.9. 
 “Multiemployer Plan” any
employee benefit plan of the type described in Section 4001(a)(3) of ERISA, to which an Obligor or ERISA Affiliate makes or is obligated to make contributions, or during the preceding five plan years, has made or been obligated to make
contributions. 
 “Net Leverage Ratio” on any date, the ratio of
(a) Total Debt as of such date less the aggregate amount (not to exceed $100,000,000) of the sum of Unrestricted Domestic Cash plus 65% of Unrestricted Foreign Cash, in each case as of such date, to
(b) Consolidated EBITDA for the period of four consecutive Fiscal Quarters of the Parent Borrower ended on such date (or, if such date is not the last day of a Fiscal Quarter, ended on the last day of the Fiscal Quarter of the Parent Borrower most recently ended prior to such date for which financial statements
are available).

 “Net Proceeds” with respect to any event, (a) the cash proceeds received in respect
of such event including (i) any cash received in respect of any noncash proceeds, but only as and when received, (ii) in the case of a casualty, insurance proceeds in excess of
$1,000,000500,000 and (iii) in the case of a condemnation or similar event, condemnation awards and similar payments, net of (b) the sum of (i) all reasonable fees and out-of-pocket expenses paid by the Parent Borrower and the Subsidiaries to third parties (other than Affiliates) in connection with such event, (ii) in the case of a sale, transfer or other disposition
of an asset (including pursuant to a sale and leaseback transaction or a casualty or a condemnation or similar proceeding), the amount of all payments required to be made by the Parent Borrower and the Subsidiaries as a result of such event to repay
Debt (other than Loans, Debt in respect
of the Senior Term Loans, Term Loan Debt,
Pari Passu Alternative Incremental Debt or any Permitted Term Loan RefinancingFirst Lien Term Loan Debt, and the Second Lien Term Loan Debt) secured by such asset or
otherwise subject to mandatory prepayment as a result of such event, and (iii) the amount of all Taxes paid (or reasonably estimated to be payable) by the Parent Borrower and the Subsidiaries, and

  
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the amount of any reserves established by the Parent Borrower and the Subsidiaries to fund contingent liabilities reasonably estimated to be payable, in each case during the 24-month period immediately following such event and that are directly attributable to such event (as determined reasonably and in good faith by the chief financial officer of the Parent Borrower) to the extent such
liabilities are actually paid within such applicable time periods. 
 “New Borrower” as defined in
Section 10.1.9(d). 
 “New Lender” each Lender that becomes a party to this
Agreement after the Closing Date. 
 “New York Account” Account number 65502-01805 established at Bank of
America for the account of Bank of America (Canada). 
 “NOLV Percentage” the net orderly liquidation value
of any particular type of Inventory (whether raw materials, work-in-process or finished goods), expressed as a percentage, expected to be realized at an orderly,
negotiated sale held within a reasonable period of time, net of all liquidation expenses, as determined from the most recent appraisal of Borrowers’ Inventory performed by an appraiser and on terms satisfactory to Agent. 

“Notice of Borrowing” a request by Borrower Agent of a Borrowing of Revolver Loans in the form attached as
Exhibit F hereto or otherwise in form satisfactory to Agent. 
 “Notice of Conversion/Continuation”
a request by Borrower Agent of a conversion or continuation of any Loans as Canadian BA Rate Loans or LIBOR Loans, in form satisfactory to Agent. 

“Obligations” all (a) principal of and premium, if any, on the Loans, (b) LC Obligations and other
obligations of Obligors with respect to Letters of Credit, (c) interest, expenses, fees, indemnification obligations, Extraordinary Expenses and other amounts payable by Obligors under Loan Documents, (d) Secured Bank Product Obligations,
and (e) other Debts, obligations and liabilities of any kind owing by Obligors pursuant to the Loan Documents, whether now existing or hereafter arising, whether evidenced by a note or other writing, whether allowed in any Insolvency
Proceeding, whether arising from an extension of credit, issuance of a letter of credit, acceptance, loan, guaranty, indemnification or otherwise, and whether direct or indirect, absolute or contingent, due or to become due, primary or secondary, or
joint or several, including without limitation the Foreign Facility Obligations and the U.S. Facility Obligations; provided that Obligations of an Obligor shall not include its Excluded Swap Obligations. 

“Obligors” the Canadian Facility Obligors, the UK Facility Obligors and the U.S. Facility Obligors,
collectively, and “Obligor” means any of the Obligors, individually. 
 “Obligor Group” a
group consisting of (a) the Canadian Facility Obligors, (b) the UK Facility Obligors or (c) the U.S. Facility Obligors, as the context requires. 

“OFAC” Office of Foreign Assets Control of the U.S. Treasury Department. 

“Ordinary Course of Business” the ordinary course of business of any Borrower or Subsidiary, undertaken in
good faith and consistent with Applicable Law and past practices. 
 “Organic Documents” with respect to
any Person, its charter, certificate or articles of incorporation, memorandum of association, bylaws, articles of organization, limited liability agreement, operating agreement, members agreement, shareholders agreement, partnership agreement,
certificate of 

  
 -48- 

 
partnership, certificate of formation, voting trust agreement, or similar agreement or instrument governing the formation or operation of such Person. 

“Original Closing Date” June 30, 2015. 

“Original Closing Date Dividend” as defined in the definition of “Original Closing Date
Transactions”. 
 “Original Closing Date Transactions” collectively, (a) the consummation of the Spin-Off in accordance with the terms of the Spin-Off Agreement, (b) the payment of a dividend in an amount not to exceed $225,000,000, $200,000,000 of such dividend
being funded with Term Loan Debt and the remaining amount being funded with cash on-hand, made on the Original Closing Date by the Parent Borrower to TriMas in accordance with the Spin-Off Agreement (the “Original Closing Date Dividend”), 
 (c) the execution, delivery
and performance on the Original Closing Date by each U.S. Obligor of the Loan Documents to which it was a party as of such date, the borrowing (if any) of the Loans on the Original Closing Date and issuance (if any) of Letters of Credit under the
Original Loan Agreement on the Original Closing Date and the use of the proceeds of the foregoing, (d) the execution, delivery and performance by each U.S. Obligor of the Term Loan Documents to which it is a party, the borrowing of Term Loan
Debt on the Original Closing Date and the use of the proceeds thereof and (e) the payment of the fees and expenses payable in connection with the foregoing. 

“OSHA” the Occupational Safety and Hazard Act of 1970. 

“Other
Agreement” the Intercreditor Agreement and each LC Document,
fee letter, Lien Waiver, Borrowing Base Report, Compliance Certificate, Perfection Certificate, Borrower Materials, or other note, document, instrument or agreement (other than this Agreement or a Security Document) now or hereafter delivered by an
Obligor or other Person to Agent, a Security Trustee or a Lender in connection with any transactions relating hereto.

 “Other Connection Taxes” Taxes imposed on a Recipient due to a present or former
connection between it and the taxing jurisdiction (other than connections arising from the Recipient having executed, delivered, become party to, performed obligations or received payments under, received or perfected a Lien or engaged in any other
transaction pursuant to, enforced, or sold or assigned an interest in, any Loan or Loan Document). 
 “Other
Taxes” all present or future stamp, court, documentary, intangible, recording, filing or similar excise or property Taxes that arise from any payment made under, from the execution, delivery, performance, enforcement or registration of,
from the receipt or perfection of a Lien under, or otherwise with respect to, any Loan Document, except Other Connection Taxes imposed with respect to an assignment (other than an assignment made pursuant to Section 13.4).

 “Overadvance” a Canadian Overadvance, a UK Overadvance or a U.S. Overadvance, as the context requires.

 “Overadvance Loan” a Canadian Overadvance Loan, a UK Overadvance Loan or a U.S. Overadvance Loan, as the
context requires. 
 “Parent Borrower” as defined in the preamble to this Agreement. 

“Pari Passu Alternative Incremental
Debt” as defined in the definition of “Alternative
Incremental Debt”. 

  
 -49- 

“
Pari Passu Permitted Term Loan Refinancing
Debt” Permitted Term Loan Refinancing Debt
that is secured by Liens on a pari passu basis with the Liens on the Collateral securing the Term Loan
Debt. 
 “Participant” as defined
in Section 13.2. 
 “Participating Member State” any member state of the European
Union that has the Euro as its lawful currency in accordance with the legislation of the European Union relating to the Economic and Monetary Union. 

“Patents” with respect to any Person, all of such Person’s right, title, and interest in and to:
(a) any and all patents and patent applications and any and all industrial designs and industrial design applications; (b) all inventions and improvements described and claimed therein; (c) all reissues, divisionals, continuations,
renewals and continuations-in-part thereof; (d) all income, royalties, damages, claims, and payments now or hereafter due or payable under and with respect thereto,
including, without limitation, damages and payments for past and future infringements thereof; (e) all rights to sue for past, present, and future infringements thereof; and (f) all rights corresponding to any of the foregoing throughout
the world. 
 “Patriot Act” the Uniting and Strengthening America by Providing Appropriate Tools Required
to Intercept and Obstruct Terrorism Act of 2001, Pub. L. No. 107-56, 115 Stat. 272 (2001). 

“Payment Item” each check, draft or other item of payment payable to an Obligor, including those constituting
proceeds of any Collateral. 
 “PBA” the Pension Benefits Act (Ontario), as amended from time to
time, or any other Canadian federal or provincial or territorial pension benefit standards legislation pursuant to which any Canadian Pension Plan is required to be registered. 

“PBGC” the Pension Benefit Guaranty Corporation referred to and defined in ERISA and any successor entity
performing similar functions. 
 “Perfection Certificate” a certificate in the form of Exhibit D
hereto or any other form approved by Agent. 

“Permitted
Acquisition” any Acquisition, whether by purchase, merger,
consolidation or otherwise, by the Parent Borrower or a Subsidiary of all or substantially all the assets of, or all
of the Equity Interests in, a Person or a division, line of business or other business unit of a Person so long as
(a) such Acquisition shall not have been preceded by a tender offer that has not been approved or
otherwise recommended by the board of directors of such Person, (b) such assets are to be used in, or such
Person so acquired is engaged in, as the case may be, a business of the type conducted by the Parent
Borrower and its Subsidiaries on the date of execution of this Agreement or in a business reasonably related
thereto and (c) immediately after giving effect thereto, (i) no Default has occurred and is continuing or would
result therefrom,
(ii) all transactions related thereto are consummated in all material respects
in accordance with Applicable Laws,
(iii) all of the Equity Interests (other than Assumed Preferred Stock)
of each Subsidiary formed for the purpose of or resulting from such acquisition shall be owned directly
by the Parent Borrower or a Subsidiary and all actions required to be taken under Section 10.1.9 have been taken, (iv) the
investment is permitted under clauses (q), (r) or (s) of Section 10.2.4
, (v) any Debt or any
preferred stock that is incurred, acquired or assumed in connection with such acquisition shall be in compliance with Section 10.2.1
and (vi) the Parent Borrower has delivered to Agent an officers’ certificate to the effect set forth in clauses (a), (b) and (c)(i) through (v) above, together with all relevant financial
information
for
the
Person
or
assets
to
be
acquired.
Notwithstanding anything
to
the
contrary 

  
 -50- 

 
herein, no acquisition or other transaction shall be deemed to be a Permitted Acquisition during the Senior Term
Period. 
 “Permitted Bond Hedge
Transaction” means any call or capped call option (or substantively equivalent derivative transaction) relating to the Parent Borrower’s common stock (or other securities or property following a merger event or other change of the
common stock of the Parent Borrower so long as any such securities do not constitute Disqualified Equity Interests of an Obligor) purchased by the Parent Borrower in connection with the issuance of any Permitted Convertible Indebtedness and in each case existing as of the Seventh Amendment Effective Date; provided, that
the purchase price for such Permitted Bond Hedge Transaction, less the proceeds received by the Parent Borrower from the sale of any related Permitted Warrant Transaction, does not exceed the net proceeds received by the Parent Borrower from the
sale of such Permitted Convertible Indebtedness issued in connection with such Permitted Bond Hedge Transaction. 

“Permitted Convertible Indebtedness” means senior, unsecured Debt of the Parent Borrower that
(i) has no scheduled principal amortization prior to maturity,
(ii) has a scheduled maturity date not earlier than 91 days following the Latest
Maturity Date then in effect with respect to the Obligations and (iii) is
convertible into shares of common stock of the Parent Borrower (or other securities or property following a merger event or other change of the common stock of the Parent Borrower so long as any such securities do not constitute Disqualified Equity
Interests of an Obligor) (and cash in lieu of fractional shares) and/or cash (in an amount determined by reference to the price of such common stock or such other
securities)Indebtedness of the Parent Borrower under the 2.75% Convertible Senior Notes due 2022 issued pursuant to the Convertible Notes Indenture. 
 “Permitted Discretion” a determination made in the exercise,
in good faith, of reasonable business judgment (from the perspective of a secured, asset-based lender). 

“Permitted Encumbrances” 

(a)        Liens imposed by law for taxes that are not yet due or are being contested
in compliance with Section 10.1.6; 

(b)        carriers’, warehousemen’s, mechanics’, materialmen’s,
repairmen’s and other like Liens imposed by law, arising in the Ordinary Course of Business and securing obligations that are not overdue by more than 30 days or are being contested in compliance with Section 10.1.6;

 (c)        pledges and deposits made in the Ordinary Course of Business in
compliance with workers’ compensation, unemployment insurance and other social security laws or regulations; 

(d)        deposits to secure the performance of bids, trade contracts, leases,
statutory obligations, surety and appeal bonds, performance bonds and other obligations of a like nature, in each case in the Ordinary Course of Business; 

(e)        judgment Liens in respect of judgments that do not constitute an Event of
Default under clause (k) of Section 11.1; 

(f)        easements, zoning restrictions, rights-of-way and similar encumbrances on real property imposed by law or arising in the Ordinary Course of Business that do not secure any monetary obligations and do not materially detract from the value of
the affected property or interfere with the ordinary conduct of business of any Borrower or any Subsidiary and, with respect to any Real Estate located in Canada, the 

  
 -51- 

 
qualifications, limitations, reservations and provisos contained in the original grant from the Crown, as varied by statutes; 

(g)        ground leases in respect of real property on which facilities owned or
leased by any Borrower or any of the Subsidiaries are located, other than any Mortgaged Property; 

(h)        Liens in favor or customs and revenue authorities arising as a matter of
law to secure payment of customs duties in connection with the importation of goods in the Ordinary Course of Business; 

(i)        leases or subleases granted to other Persons and not interfering in any
material respect with the business of the Borrowers and the Subsidiaries, taken as a whole; 

(j)        banker’s liens, rights of
set-off or similar rights, in each case arising by operation of law; 

(k)        Liens in favor of a landlord on leasehold improvements in leased premises;
and 
 (l)        any Lien arising under the general terms and conditions
(algemene bankvoorwaarden) of any member of the Dutch Bankers’ Association (Nederlandse Vereniging van Banken) or any similar term applied by a financial institution in the Netherlands pursuant to its general terms and conditions;

 provided that the term “Permitted Encumbrances” shall not include any Lien securing Debt. 

“Permitted Incremental Term Loans” any Incremental Term Commitment (and the Incremental Term Loans in respect thereof) incurred so long as the aggregate principal amount thereof, as of the date of incurrence of such Debt,
did not exceed (i) (together with the amount of Alternative Incremental Debt established on such date in reliance on the Base Incremental Amount) an amount equal to the Base Incremental Amount as of the date of incurrence of such Debt plus
(ii) an additional amount so long as after giving effect to the establishment of
such Incremental Term Commitment (and assuming such Incremental Term Commitment was fully drawn) and any other Debt incurred substantially simultaneously therewith and any related repayment of Debt, the First Lien Net Leverage Ratio, calculated on a
pro forma basis as of the date of incurrence of such Debt (but disregarding the proceeds of any such Debt in calculating Unrestricted Domestic Cash) did not exceed 3.50
to 1.00. 

“Permitted Investments” 

(a)        direct obligations of, or obligations the principal of and interest on
which are unconditionally guaranteed by, the United States of America (or by any agency thereof to the extent such obligations are backed by the full faith and credit of the United States of America), in each case maturing within one year from
the date of acquisition thereof; 
 (b)        investments in commercial paper
maturing within one year from the date of acquisition thereof and having, at such date of acquisition, the highest credit rating obtainable from S&P or from Moody’s; 

(c)        investments in certificates of deposit, banker’s acceptances and time
deposits maturing within one year from the date of acquisition thereof issued or guaranteed by or placed with, and money market deposit accounts issued or offered by, any domestic office of any commercial bank organized under the laws of the United
States of America or any State thereof that has a combined capital and surplus and undivided profits of not less than $500,000,000; 

  
 -52- 

 (d)        fully collateralized
repurchase agreements with a term of not more than 30 days for securities described in clause (a) above and entered into with a financial institution satisfying the criteria described in clause (c) above; 

(e)        securities issued by any state of the United States of America or any
political subdivision of any such state or any public instrumentality thereof having maturities of not more than six months from the date of acquisition thereof and, at the time of acquisition, having the highest credit rating obtainable from
S&P or from Moody’s; 
 (f)        securities issued by any foreign
government or any political subdivision of any foreign government or any public instrumentality thereof having maturities of not more than six months from the date of acquisition thereof and, at the time of acquisition, having the highest credit
rating obtainable from S&P or from Moody’s; 
 (g)        investments of
the same quality as those identified on Schedule 10.2.4 as “Qualified Foreign Investments” made in the Ordinary Course of Business; 

(h)        cash; and 

(i)        investments in funds that invest solely in one or more types of securities
described in clauses (a), (e) and (f) above. 
 “Permitted Jurisdiction ” as defined in Section 10.1.9(a). Refinancing
Debt” means
 any Debt of the Parent Borrower or any of its Subsidiaries issued in exchange for, or the net proceeds of which are used to extend, refinance, renew, replace, defease or refund other Debt of the Parent Borrower or any of its Subsidiaries; provided
that
(a) the
 principal amount (or accreted value, if applicable) of such Permitted Refinancing Debt does not exceed the
principal amount (or accreted value, if applicable) of the Debt so extended, refinanced, renewed, replaced, defeased or
refunded (plus all accrued interest thereon and the amount of any reasonable expenses incurred in connection therewith); (b) such Permitted Refinancing Debt has a final maturity date later than the final maturity date of the Debt being extended,
refinanced, renewed, replaced, defeased or refunded, and an average life to maturity greater than the average life to maturity of the Debt being extended, refinanced, renewed, replaced, defeased or refunded; (c) if the
Debt being extended, refinanced, renewed, replaced, defeased or refunded is contractually subordinated in
right of payment to the Loans, such Permitted Refinancing Debt is contractually subordinated in right of payment to the
Loans on terms at least as favorable to the Lenders as those contained in the documentation governing the Debt being extended, refinanced, renewed, replaced, defeased or refunded;
(d) if
 the Debt being extended, refinanced, renewed, replaced, defeased or refunded is
pari passu in right of payment with the Loans or any guarantee therefor, such Permitted Refinancing Debt is pari passu
in right of payment with, or subordinated in right of payment to, the Loans or such guarantee, and, in any event,
such Permitted Refinancing Debt shall not have a higher priority with respect to payments or collateral than the Debt being extended, refinanced, renewed, replaced, defeased or refunded; (e) the terms
and conditions of such Permitted Refinancing Debt shall be no more materially restrictive, when taken as a whole, than the terms and conditions of the Debt being extended,
refinanced,
renewed, replaced, defeased or refunded (and, to the extent the Indebtedness being extended, refinanced, renewed, replaced,
defeased or refunded permits the payment of any interest thereon “in
kind”,
 the Refinancing Debt thereof shall likewise permit the payment of interest “in
kind”);
 (f) such Permitted Refinancing Debt is not incurred or guaranteed by any Person who is not an obligor under the Debt being extended, refinanced, renewed, replaced, defeased or refunded and is not secured by any property that does not secure the
Debt being extended, refinanced, renewed, replaced, defeased or refunded and, if secured, shall not be secured at a higher priority than the
Debt being extended, refinanced, renewed, replaced, defeased or
refunded;
(g)
 
if
the
obligor
of
the
Debt
being
extended,
refinanced,
renewed,
replaced,
defeased
or 

  
 -53- 

 
refunded is a Foreign Subsidiary, the proceeds of such Permitted Refinancing Debt must be used for ordinary course working capital purposes
of such Foreign Subsidiary consistent with past practice; and (h) such refinancing Debt, if secured, shall be subject to a customary intercreditor agreement in form and substance reasonably satisfactory to Agent; provided that no such Permitted
Refinancing Debt shall be, directly or indirectly. 

“Permitted Term Loan Refinancing Debt” any Debt incurred to refinance all or any portion of the outstanding Term Loan Debt or Incremental Term Loans;
provided that, (i) such refinancing Debt, if secured, is secured
only by the Collateral securing the Term Loan Debt, and having lien priorities no more beneficial than those applicable to the Term Loan Debt as in effect on the Original Closing Date, (ii) no Subsidiary that is not originally obligated with
respect to repayment of the Debt being refinanced is obligated with respect to the refinancing Debt, (iii) the weighted average life to maturity of the refinancing Debt shall be no shorter than the remaining weighted average life to maturity of
the Term Loan Debt being refinanced, (iv) the maturity date in respect of the refinancing Debt shall not be earlier than the maturity date in respect of the Debt being refinanced, (v) the principal amount of such
refinancing Debt does not exceed the principal amount of the Debt so refinanced
except by an amount (such amount, the “Additional Permitted
Amount”) equal to unpaid accrued interest and premium thereon at such time plus reasonable fees and expenses incurred in connection with such refinancing,
(vi) the Debt being so refinanced is paid down on a dollar-for-dollar basis by such refinancing Debt (other than by the Additional Permitted Amount), (vii) the terms of any such refinancing Debt (1) (excluding pricing, fees and rate floors and
optional prepayment or redemption terms and subject to clause (2) below) reflect, in Parent Borrower’s reasonable judgment, then-existing market terms and conditions and (2) (excluding pricing, fees and rate floors) are no more favorable to the
lenders providing such refinancing Debt than those applicable to the Debt being refinanced (in each case, including with respect to mandatory and optional prepayments); provided that the foregoing shall not apply to covenants or other provisions
applicable only to periods after the Latest Maturity Date in effect immediately prior to the establishment of such refinancing Debt; provided further that any such refinancing Debt may contain, without any Lender’s consent, additional covenants
or events of default not otherwise applicable to the Debt being refinanced or covenants more restrictive than the covenants applicable to the Debt being refinanced, in each case prior to the Latest Maturity Date in effect immediately prior to the
establishment of such refinancing Debt, so long as all Lenders receive the benefits of such additional covenants, events of default or more restrictive covenants and (viii) such refinancing Debt, if secured, shall be subject to a customary
intercreditor agreement in form and substance reasonably satisfactory to Agent. 

“Permitted Unsecured Debt” any unsecured notes or bonds or other unsecured debt
securities; provided that (a) such Debt shall not mature prior
to the date that is 91 days after the Latest Maturity Date in effect at the time of the issuance of such Debt and shall not have any principal payments due prior to such date, except upon the occurrence of a change of control or similar event
(including asset sales), in each case so long as the provisions relating to change of control or similar events (including asset sales) included in the governing instrument of such Debt provide that the provisions of this Agreement must be satisfied
prior to the satisfaction of such provisions of such Debt, (b) such Debt is not Guaranteed by any Subsidiary of Parent
Borrower other than the U.S. Obligors (which Guarantees shall be unsecured and shall be permitted only to the extent permitted by Section 10.2.1(a)(vii)), (c) such
Debt shall not have any financial maintenance covenants, (d) such Debt shall not have a definition of “Change of Control” or “Change in Control” (or any other defined term having a similar purpose) that is materially more
restrictive than the definition of Change in Control set forth herein and (e) such Debt, if subordinated in right of payment to the Obligations, shall be subject to subordination and intercreditor
provisions that are, in Agent’s reasonable judgment, customary under then-existing market convention. 

  
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 “Permitted Warrant Transaction” means any call option,
warrant or right to purchase (or substantively equivalent derivative transaction) relating to the Parent Borrower’s common stock (or other securities or property following a merger event or other change of the common stock of the Parent
Borrower so long as any such securities do not constitute Disqualified Equity Interests of an Obligor) and/or cash (in an amount determined by reference to the price of such common stock) sold by the Parent Borrower substantially concurrently with
any purchase by the Parent Borrower of a Permitted Bond Hedge Transaction, in each case, existing as of the Seventh Amendment
Effective
Date. 

“Person” any individual, corporation, limited liability company, partnership, joint venture, association,
trust, unincorporated organization, Governmental Authority or other entity. 
 “Platform” as defined in
Section 14.3.3. 
 “PPSA” the Personal Property Security Act (Ontario), as
amended from time to time, (or any successor statute) and the regulations thereunder; provided, however, if validity, perfection and effect of perfection and non-perfection and opposability of
Agent’s security interest in and Lien on any Canadian Facility Collateral of any Canadian
Domiciled Obligor are governed by the personal property security laws of any jurisdiction other than
Ontario, PPSA shall mean those personal property security laws (including the Civil Code) 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. 

“Preferred
Dividends” any cash dividends of the Parent Borrower
permitted hereunder to be paid with respect to preferred stock of the Parent Borrower in reliance on Section 10.2.8(a)(iv).

 “Prime Rate” the rate of interest announced by Bank of America from time to time as its
prime rate. Such rate is set by Bank of America on the basis of 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. Any change in such rate publicly announced by Bank of America shall take effect at the opening of business on the day specified in the announcement. 

“Pro Rata” with respect to any Lender and any Borrower Group, a percentage (rounded to the ninth decimal
place) determined, (a) by dividing the amount of such Lender’s Borrower Group Commitment to such Borrower Group by the aggregate outstanding Borrower Group Commitments of all Lenders to such Borrower Group; or (b) following
termination of the Borrower Group Commitments to such Borrower Group, by dividing the amount of such Lender’s Loans and LC Obligations with respect to such Borrower Group by the aggregate outstanding Loans and LC Obligations with respect to
such Borrower Group or, if all Loans and LC Obligations with respect to such Borrower Group have been paid in full and/or Cash Collateralized, by dividing such Lender’s and its Affiliates’ remaining Obligations with respect to such
Borrower Group by the aggregate remaining Obligations with respect to such Borrower Group. 
 “Proceeds of Crime
Act” the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (Canada) (or any successor statute), as amended from time to time, and including all regulations thereunder. 

“Property” any interest in any kind of property or asset, whether real, personal or mixed, or tangible or
intangible. 
 “Protected Party” a Lender, Agent or a Security Trustee which is or will be subject to any
liability or required to make any payment for or on account of Tax in relation to a sum received or receivable (or 

  
 -55- 

 
any sum deemed for the purposes of Tax to be received or receivable) from the Relevant Borrower under a Loan Document. 

“Protective Advances” Canadian Protective Advances, UK Protective Advances and/or U.S. Protective Advances,
as the context requires. 
 “PTE” means 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 Debt” (a)
Debt (other than the Obligations) for payment of any of the purchase price of fixed assets; (b) Debt (other than the Obligations) incurred within 10 days before or after acquisition of any fixed assets, for the purpose of financing any of the
purchase price thereof; and (c) any renewals, extensions or refinancings (but not increases) thereof. 

“Purchase Money Lien” a Lien that secures Purchase Money Debt, encumbering only the fixed assets acquired
with such Debt and constituting a Capital Lease Obligation or a purchase money security interest under the UCC or PPSA. 

“Qualified ECP” an Obligor with total assets exceeding $10,000,000, or that constitutes an “eligible
contract participant” under the Commodity Exchange Act and can cause another Person to qualify as an “eligible contract participant” under Section 1a(18)(A)(v)(II) of such act. 

“Qualified Equity Interests” means and refers to any Equity Interests issued by an Obligor that are not
Disqualified Equity Interests. 
 “Qualified Parent Borrower Preferred Stock” any preferred Equity
Interests of Parent Borrower (a)(i) that does not provide for any cash dividend payments or other cash distributions in
respect thereof prior to the Latest Maturity Date in effect as of the date of issuance of such Equity Interests and (ii) that by its terms (or by the terms of any security into which it is convertible or for which it is exchangeable or
exercisable) or upon the happening of any event does not (A)(x) mature or become mandatorily redeemable pursuant to a
sinking fund obligation or otherwise, (y) become convertible or exchangeable at the option of the holder thereof for Debt or preferred stock that is not Qualified Parent Borrower Preferred Stock or (z) become redeemable at the option of
the holder thereof (other than as a result of a change of control event), in whole or in part, in each case on or prior to the date that is 365 days after the Latest Maturity Date in effect at the time of the issuance thereof and
(B) provide holders thereunder with any rights upon the occurrence of a
“change of
control” event prior to the repayment of the Obligations and termination
of the Commitments under the Loan Documents, (b) with respect to which Parent
Borrower has delivered a notice to Agent that it has issued preferred Equity Interests in lieu of incurring Debt permitted
under Section
10.2.1(a)(xii), with such notice specifying to which of such
Debt; provided that the terms of such preferred stock or preferred
equity interest applies; provided that (i) the
aggregate liquidation value of all such preferred stock or preferred equity interest issued pursuant to this clause (b) shall not exceed at any time the dollar limitation related to the applicable Debt hereunder, less the aggregate principal amount of such Debt then outstanding and (ii) the terms of such preferred stock or preferred equity interests (x)interests shall provide that upon a default thereof, the remedies of the holders thereof
shall be limited to the right to additional representation on the board of directors of Parent
Borrower and
(y) shall otherwise be no less favorable to the Lenders, in the aggregate, than
the terms of the applicable Debt or (c) having an aggregate initial liquidation
value not to exceed $10,000,000; provided that the terms of such preferred stock or preferred equity interests shall provide
that upon a default thereof, the remedies of the holders thereof shall be limited to the right to additional representation on the board of directors of Parent
Borrower. Qualified Parent Borrower Preferred Stock shall include the 

  
 -56- 

 
preferred Equity Interests of the Parent Borrower issued to the Second Lien Term Loan Lenders pursuant to the Second Lien Term Loan Agreement and the other Second Lien
Term Loan Documents. 
 “Qualifying Lender” as
defined, in relation to United Kingdom Tax matters, in Section 5.8.4. 
 “Real
Estate” all right, title and interest (whether as owner, lessor or lessee) in any real Property or any buildings, structures, parking areas or other improvements thereon. 

“Reallocation” as defined in Section 2.1.7(a). 

“Reallocation Date” as defined in Section 2.1.7(a). 

“Recipient” Agent, Issuing Bank, any Lender, any Security Trustee or any other recipient of a payment to be
made by an Obligor under a Loan Document or on account of an Obligation. 
 “Registered Equivalent
Notes” with respect to any bonds, notes, debentures or
similar instruments originally issued in a Rule 144A or other private placement transaction under the Securities Act of 1933, substantially identical notes (having the same Guarantees) issued in a dollar for dollar exchange therefor pursuant to an
exchange offer registered with the Commission. 

“Regulation U” Regulation U of the Board as from time to time in effect and all official rulings and
interpretations thereunder or thereof. 
 “Regulation X” Regulation X of the Board as from time to time in
effect and all official rulings and interpretations thereunder or thereof. 
 “Release” any release, spill,
emission, leaking, dumping, injection, pouring, deposit, disposal, discharge, dispersal, leaching or migration into or through the environment (including ambient air, surface water, groundwater, land surface or subsurface strata) or within any
building, structure, facility or fixture. 
 “Relevant Borrower” as defined, in relation to United Kingdom
Tax matters, in Section 5.8.4. 
 “Rent and Charges Reserve” the Canadian Rent
and Charges Reserve, the UK Rent and Charges Reserve or the U.S. Rent and Charges Reserve, as the context requires. 

“Report” as defined in Section 12.3.3. 

“Reporting Trigger
Period” the period (a) commencing on the day that an Event of Default occurs, or U.S. Adjusted Availability (computed
without reference to the U.S. Special Availability Block during the period from the Fourth Amendment Effective Date to but excluding February 28, 2019) is less than or equal to the greater of (i) the lesser of (A) 20% of the U.S. Borrowing Base or (B) 20% of the aggregate amount of all U.S.
Revolver Commitments or (ii) $17,500,000; and (b) continuing until no Event of
Default exists and, during each of the preceding 30 consecutive days, U.S. Adjusted Availability (computed without reference to the U.S. Special Availability Block during the period from the Fourth Amendment Effective Date to but excluding February
28, 2019) has been greater than the greater of (i) the lesser of (A) 20% of the
U.S. Borrowing Base or (B) 20% of the aggregate amount of all U.S. Revolver Commitments or
(ii) $17,500,000.

 “Required Conditions” with respect to any event, the following conditions: no Default
exists or is caused thereby and upon giving pro forma effect thereto, either (a) during each of the preceding 30 

  
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consecutive days and as of such event, U.S. Availability is greater than or equal to the greater of (i) the lesser of (A) 20% of the U.S. Borrowing Base (computed without regard to the U.S. Special Availability Block) or (B) 20% of the
aggregate amount of all U.S. Revolver Commitments or (ii) $17,500,000; or (b) (i) during each of the preceding 30 consecutive days and as of such event, U.S. Availability is greater than or equal to the greater of (A) the lesser of (1) 15% of
the U.S. Borrowing Base (computed without regard to the U.S. Special Availability Block) or (2) 15% of the aggregate amount of all U.S. Revolver Commitments or (B) $12,500,000 and (ii) the Fixed Charge Coverage Ratio, determined on a pro forma basis giving effect to such event, is not less than
1.0 to 1.0, whether or not a Financial Covenant Trigger Period exists. 
 “Required Lenders” Secured
Parties holding more than 50% of (a) the aggregate outstanding Revolver Commitments; or (b) following termination of the Revolver Commitments, the aggregate outstanding Loans and LC Obligations or, if all Loans and LC Obligations have been
Fully Paid, the aggregate remaining Obligations; provided, however, (i) if there are more than one (1), but fewer than three (3) unaffiliated Secured Parties at such time, “Required Lenders” must include at least two
(2) unaffiliated Secured Parties and (ii) that Commitments, Loans and other Obligations held by a Defaulting Lender and its Affiliates shall be disregarded in making such calculation, but any related Fronting Exposure shall be deemed held
as a Loan or LC Obligation by the Secured Party that funded the applicable Loan or issued the applicable Letter of Credit. 

“Restricted Debt” Debt of the Parent Borrower or any Subsidiary, the payment, prepayment, redemption,
repurchase or defeasance of which is restricted under Section 10.2.8(b). 
 “Restricted
Payment” any dividend or other distribution (whether in cash, securities or other property) with respect to any Equity Interests in the Parent Borrower or any Subsidiary, 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, cancelation or termination of any Equity Interests in the Parent Borrower or any Subsidiary or any option, warrant or other right to
acquire any such Equity Interests in the Parent Borrower or any Subsidiary. 
 “Revolver Commitments” the
Canadian Revolver Commitments, the UK Revolver Commitments and/or the U.S. Revolver Commitments, as the context requires. 

“Revolver Loan” a Canadian Revolver Loan, a UK Revolver Loan or a U.S. Revolver Loan, as the context
requires. 
 “Revolver Priority Collateral” the “ABL Priority Collateral”, as defined in the
Intercreditor Agreement. 
 “Revolver Termination Date” the fifth anniversary of the Original Closing Date.

 “Revolver Usage” the Canadian Revolver Usage, the UK Revolver Usage or the U.S. Revolver Usage, as the
context requires. 
 “RUG” the Mexican Sole Registry of Liens Over Movable Assets (Registro Único
de Garantías Mobiliarias). 
 “S&P” Standard & Poor’s Financial Services LLC,
or any successor thereto. 

  
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 “Sanctioned Country” at any time, a country, region or
territory which is itself the subject or target of any Sanctions (including, without limitation, the Crimea region of Ukraine, Cuba, Iran, North Korea, Sudan and Syria). 

“Sanctioned Person” at any time, (a) any Person listed in any Sanctions-related list of designated
Persons maintained by the Office of Foreign Assets Control of the U.S. Department of the Treasury, the U.S. Department of State, or by the Government of Canada, the United Nations Security Council, the European Union or any European Union member
state, (b) any Person operating, organized or resident in a Sanctioned Country or (c) any Person owned or controlled by any such Person or Persons described in the foregoing clauses (a) or (b). 

“Sanctions” all economic or financial sanctions or trade embargoes imposed, administered or enforced from
time to time by (a) the U.S. government, including those administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury or the U.S. Department of State or (b) the Government of Canada, the United Nations
Security Council, the European Union or Her Majesty’s Treasury of the United Kingdom. 
 “Second
Lien Term Loan
Agent” Cortland
 Capital Market Services LLC, in its capacity as agent for the lenders under the Second Lien Term Loan Agreement, and its successors and assigns including under any replacement or refinancing with respect thereto. 

“
Second Lien Term Loan
Agreement” that
 certain Second Lien Term Loan Credit Agreement, dated as of the Seventh Amendment Effective Date, among Second Lien Term Loan Agent, the Second Lien Term Loan Lenders, the Parent Borrower, and the other parties thereto, as such document or the
credit facility thereunder may be amended, restated, supplemented, replaced, refinanced or otherwise modified from time to time in accordance with the requirements thereof and of this Agreement.

“
Second Lien Term Loan
Debt” the
 Debt and
“Obligations
” (as
 defined under the Second Lien Term Loan Agreement) evidenced by the Second Lien Term Loan Documents, in aggregate principal amount (in the case of loans) not to exceed $52,000,000 plus an additional amount of Debt incurred under the Second Lien
Term Loan Documents solely in connection with the
“
in-kind” payment
of interest thereon pursuant to the terms of the Second Lien Term Loan Agreement as in effect on the Seventh Amendment Effective Date. 

“
Second Lien Term Loan
Documents” collectively
” (a)
 the Second Lien Term Loan Agreement and
(b) all
 other agreements, instruments, documents and certificates executed and delivered to, or in favor of, the Second Lien Term Loan Agent or the Second Lien Term Loan Lenders in connection therewith.

“
Second Lien Term Loan
Lenders” the
 lenders party to the Second Lien Term Loan Agreement. 
 “Second
Lien Term Loan Security
Documents” collectively,
 the Guarantee and Collateral Agreement (as defined in the Second Lien Term Loan Agreement), the Mortgages (as defined in the Second Lien Term Loan Agreement) and all other security documents delivered to the Second Lien Term Loan Agent granting a
Lien on any property of any Person to secure the obligations and liabilities of any Obligor under the Second Lien Term Loan Agreement or the Guarantee and Collateral Agreement (as defined in the Second Lien Term Loan Agreement), as such documents
may be amended, restated, supplemented, replaced, refinanced or otherwise modified from time to time in accordance with the requirements thereof and of this Agreement. 

  
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 “Secured Bank Product Obligations” Debt, obligations and
other liabilities with respect to Bank Products owing by a Borrower or Affiliate of a Borrower to a Secured Bank Product Provider; provided, that Secured Bank Product Obligations of an Obligor shall not include its Excluded Swap Obligations;
and provided, further, that the aggregate amount of Secured Bank Product Obligations attributable to Supply Chain Finance Arrangements shall not exceed $20,000,000 at any time. 

“Secured Bank Product Provider” (a) Bank of America or any of its Affiliates or branches; and (b) any other
Lender or Affiliate or branch of a Lender that is providing a Bank Product, provided such provider delivers written notice to Agent, in form and substance satisfactory to Agent, within 10 days following the later of the Closing Date or creation of
the Bank Product, (i) describing the Bank Product and setting forth the maximum amount to be secured by the Collateral and the methodology to be used in calculating such amount, and (ii) agreeing to be bound by
Section 12.14. 

“Secured
Debt” Total Debt that is secured by a Lien on any asset of
the Parent Borrower or any of its Subsidiaries. 

“Secured Net Leverage
Ratio” on any date, the ratio of (a) Secured Debt as of such date less the aggregate amount (not to exceed $100,000,000) of the sum of
Unrestricted Domestic Cash plus 65% of Unrestricted Foreign Cash, in each case as of such date, to (b) Consolidated EBITDA for the period of four consecutive Fiscal Quarters of the Parent Borrower ended on such date (or, if such date is not the last day of a Fiscal Quarter, ended on
the last day of the Fiscal Quarter of the Parent Borrower most recently ended prior to such date for which financial statements are available). 

“Secured Parties” the Canadian Facility Secured Parties, the UK Facility Secured Parties and/or the U.S.
Facility Secured Parties, as the context requires. 
 “Securities Accounts” all present and future
“securities accounts” (as defined in Article 8 of the UCC or the STA, as applicable), including all monies, “uncertificated securities,” “securities entitlements” and other “financial assets” (as defined in
Article 8 of the UCC or the STA, as applicable) contained therein. 
 “Securities Account Control
Agreement” means with respect to a Securities Account established by an Obligor (or a Securities Account of an Obligor in existence as of the Closing Date), an agreement, in form and substance reasonably satisfactory to Agent, establishing
Control of such Securities Account by Agent or a Security Trustee to perfect Agent’s or such Security Trustee’s Lien on such Securities Account and whereby the bank or other financial institution maintaining such Securities Account agrees
to comply only with the instructions originated by Agent or such Security Trustee without the further consent of any Obligor upon the delivery of a notice of sole control by Agent or such Security Trustee. As used in this definition,
“Control” has the meaning set forth in the PPSA, the STA, Article 8 or Section 9-102(b) of Article 9 or, if applicable, shall mean satisfaction of the requirements set forth in Section 9-104, 9-105, 9-106 or 9-107 of Article 9 of the UCC. 

“Security Documents” without duplication, the Canadian Security Documents, the Mexican Security Documents,
the UK Security Documents, the Dutch Security Documents, German Security Documents
and/or the U.S. Security Documents, as the context requires. 
 “Security Trustee” the UK Security
Trustee and/or any other security trustee appointed by Agent from time to time, as the context requires. 
 “Senior
Debt” Total Debt less Subordinated Debt. 

  
 -60- 

 “Senior Officer” the chairman of the board, president,
chief executive officer or chief financial officer, or in the case of a UK Domiciled Obligor, a director, of a Borrower or, if the context requires, an Obligor; provided, however, that the vice president of the Canadian Borrower shall be deemed to
be a Senior Officer. 
 “Senior Term
Agent” the Administrative Agent under the Senior Term Credit
Agreement. 
 “Senior Term Credit
Agreement” the Credit Agreement, dated as of the Fourth Amendment Effective Date, by and among Horizon Global Corporation, the several banks and other financial institutions or entities from time to time party thereto and Cortland Capital Market Services LLC, as Administrative Agent. 

“Senior Term Loan
Debt” the Debt and “Obligations”
 (as defined under the Senior Term Loan Agreement) evidenced by the Senior Term Loan Documents, in aggregate principal amount (in the case of loans) not to exceed
$10,000,000. 
 “Senior Term
Loans” the “Loans”
 as defined in the Senior Term Credit Agreement. 

“Senior Term Loan
Documents” the “Loan
Documents” as defined in the Senior Term Credit Agreement. 

“Senior Term Loan
Debt” the Debt and “Obligations”
 (as defined under the Term Loan Agreement) evidenced by the Term Loan Documents, in aggregate principal amount (in the case of loans) not to exceed
$10,000,000. 
 “Senior Term
Period” means the period beginning on the Fourth Amendment
Effective Date and ending at the time of the Discharge of Senior Obligations. “Settlement
Report” a report summarizing Revolver Loans and participations in LC Obligations outstanding as of a given settlement date, allocated to Lenders on a Pro Rata basis in accordance with their Revolver Commitments. 

“
Seventh
Amendment” that
 certain Seventh Amendment to this Agreement, dated as of March 15, 2019 among the Borrowers, the other Obligors party thereto, the Agent and the Lenders party
thereto. 

“
Seventh Amendment Effective
Date” the
 “Amendment
 Effective
Date” as
 set forth in the Seventh Amendment. 
 “Seventh
Amendment
Transactions” (a)
 the execution, delivery and performance of
(1) the
 Existing Senior Credit Agreement and the transactions contemplated thereby, (2) the Fourth Amendment and the transactions contemplated thereby,
(3) the
 Fifth Amendment and the transactions contemplated thereby, (4) the Sixth Amendment and the transactions contemplated thereby and
(5) the
 Fifth Amendment to the First Lien Term Loan Agreement and the transactions contemplated thereby, (b) the refinancing of the Indebtedness under the Existing Senior Credit Agreement on the Seventh Amendment Effective Date, (c) the
execution, delivery and performance by each Obligor of the Sixth Amendment to the First Lien Term Loan Agreement,
(d) the
 execution, delivery and performance by each Obligor of the Seventh Amendment and the transactions contemplated thereby,
(e) the
 execution, delivery and performance by each Obligor of the Second Lien Term Loan Documents and the transactions contemplated thereby, including the issuance of warrants and preferred equity interests of the Parent Borrower pursuant thereto, and
(f) the
 payment of the fees and expenses payable in connection with the foregoing. 

  
 -61- 

 “Significant Investment” any acquisition by a Borrower or a
Subsidiary of more than 50% (but less than 100%) of the Equity Interests in a Person (such Person, the “Subject Person”), so long as such acquisition is permitted by Section 10.2.4. 

“Sixth Amendment” means that certain Sixth Amendment to this Agreement, dated as of March 7, 2019 among
the Borrowers, the other Obligors party thereto, the Agent and the Lenders party thereto. 
 “Sixth Amendment
Effective Date” means the “Sixth Amendment Effective Date” as set forth in the Sixth Amendment. 
 “Solvent” (a) as to any Person (other than a Person
incorporated or organized under the laws of any legal jurisdiction of Canada, Mexico, the Netherlands or any legal jurisdiction of the UK, or any province or territory of Canada), such Person (i) owns Property whose fair salable value is
greater than the amount required to pay all of its debts (including contingent, subordinated, unmatured and unliquidated liabilities); (ii) owns Property whose present fair salable value (as defined below) is greater than the probable total
liabilities (including contingent, subordinated, unmatured and unliquidated liabilities) of such Person as they become absolute and matured; (iii) is able to pay all of its debts as they mature; (iv) has capital that is not unreasonably
small for its business and is sufficient to carry on its business and transactions and all business and transactions in which it is about to engage; (v) is not “insolvent” within the meaning of Section 101(32) of the U.S.
Bankruptcy Code; and (vi) has not incurred (by way of assumption or otherwise) any obligations or liabilities (contingent or otherwise) under any Loan Documents, or made any conveyance in connection therewith, with actual intent to hinder,
delay or defraud either present or future creditors of such Person or any of its Affiliates; (b) as to any Person incorporated or organized under the laws of Canada or any province or territory of Canada, such Person is not an “insolvent
person” as defined in the Bankruptcy and Insolvency Act (Canada); (c) as to any Person incorporated or organized under the laws of Mexico, such Person is not under an Insolvency Proceeding or a “concurso mercantil” as
defined in the Mexican Bankruptcy Law; (d) as to any Person incorporated or organized under the laws of the Netherlands, such Person is not declared bankrupt (in staat van faillissement verklaard) or granted (provisional) suspension of
payments ((voorlopige) surceance van betaling verleend); and (e) as to any Person incorporated in any legal jurisdiction of the UK, such Person is able or does not admit its inability to pay its debts as they fall due, does not suspend
or threaten to suspend making payments on any of its debt, does not by reason of actual or anticipated financial difficulties, commence negotiations with its creditors with a view of rescheduling its indebtedness and no moratorium is declared in
respect of its indebtedness. “Fair salable value” means the amount that could be obtained for assets within a reasonable time, either through collection or through sale under ordinary selling conditions by a capable and diligent
seller to an interested buyer who is willing (but under no compulsion) to purchase. “Solvency” has a correlative meaning. 

“Specified Obligor” an Obligor that is not then an “eligible contract participant” under the
Commodity Exchange Act (determined prior to giving effect to Section 5.10). 
 “Specified Vendor Payables
Financing” the sale by one or more vendors of the Parent
Borrower and certain Subsidiaries of accounts receivable (which such accounts receivable are accounts payable of the Parent Borrower and such Subsidiaries) to a Lender or any of its Affiliates pursuant to financing agreements to which the Parent
Borrower and such Subsidiaries are party, in transactions constituting “true
sales”; provided that the aggregate amount of all such vendor payables
financings shall not exceed $30,000,000 at any time outstanding. 

“Specified Vendor Payables Financing Documents” all documents and agreements relating to the Specified Vendor Payables Financing. 

  
 -62- 

 “Specified Vendor Receivables Financing” the sale by the
Parent Borrower and certain Subsidiaries of accounts receivable to one or more financial institutions pursuant to third-party financing agreements in transactions constituting “true sales”; provided that the aggregate amount of all such receivables financings shall not exceed $50,000,000 at any time outstanding. which are
permitted pursuant to Section 10.2.1(a)(ii). 

“Specified Vendor Receivables Financing Documents” all documents and agreements relating to Specified Vendor
Receivables Financing. 
 “Spin-Off” a “spin-off” transaction that occurred on the Original Closing Date with respect to the Parent Borrower such that all of the Equity Interests in the Parent Borrower were
“spun-off” from TriMas ratably to the holders of all the Equity Interests in TriMas and the Parent Borrower ceased to be a Subsidiary of TriMas and became a public company. 

“Spin-Off Agreement” a Separation and Distribution Agreement, dated
as of or prior to the Original Closing Date, by and between the Parent Borrower and TriMas. 
 “Spin-Off Documentation” collectively, the Spin-Off Agreement and all schedules, exhibits and annexes thereto and all side letters and agreements affecting the terms
thereof or entered into in connection therewith, including, without limitation, (i) an employee matters agreement by and between the Parent Borrower and TriMas, (i) a tax sharing agreement by and between the Parent Borrower and TriMas, and
(iii) a transition services agreement by and between the Parent Borrower and TriMas. 
 “Spot Rate”
the exchange rate, as determined by Agent, 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 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 for the purchase of the first currency with the second currency as in effect during the preceding
Business Day in Agent’s principal foreign exchange trading office for the first currency. 
 “STA” the
Securities Transfer Act, 2006 (Ontario) (or any
successor statute), as amended from time to time, and the regulations thereunder. 
 “Stated Amount” the
outstanding amount of a Letter of Credit, including any automatic increase or tolerance (whether or not then in effect) provided by the Letter of Credit or related LC Documents. 

“Sterling” the lawful currency of the United Kingdom. 

“Subject Person” as defined in the definition of “Significant Investment.” 

“Subordinated Debt” Debt incurred by a Borrower that is expressly subordinate and junior in right of payment
to Full Payment of all Obligations, and is on terms (including maturity, interest, fees, repayment, covenants and subordination) satisfactory to Agent. 

“Subsidiary” any entity at least 50% of whose voting securities or Equity Interests is owned by a Borrower or
combination of Borrowers (including indirect ownership through other entities in which a Borrower directly or indirectly owns 50% of the voting securities or Equity Interests). 

“Subsidiary Obligor” a Canadian Subsidiary Obligor, a UK Subsidiary Obligor, a U.S. Subsidiary Obligor and/or
any other Obligor that is a Subsidiary, as the context requires. 

  
 -63- 

 “Supply Chain Finance Arrangements” means an arrangement
entered into by a Borrower or an Affiliate of a Borrower with a Secured Bank Product Provider pursuant to which such Secured Bank Product Provider finances open account payables of a Borrower or an Affiliate of Borrower owing to its vendors. 

“Swap” any agreement, contract, or transaction that constitutes a “swap” within the meaning of
section 1a(47) of the Commodity Exchange Act. 
 “Swap Obligation” with respect to any person, any
obligation to pay or perform under any Swap. 
 “Swingline Loan” a Canadian Swingline Loan, a UK Swingline
Loan or a U.S. Swingline Loan, as the context requires. 
 “Synthetic Purchase Agreement” any swap,
derivative or other agreement or combination of agreements pursuant to which the Parent Borrower or a Subsidiary is or may become obligated to make (i) any payment (other than in the form of Equity Interests in the Parent Borrower) in connection
with a purchase by a third party from a Person other than the Parent Borrower or a Subsidiary of any Equity Interest or Restricted Debt or (ii) any payment (other than on account of a permitted purchase by it of any Equity Interest or any
Restricted Debt) the amount of which is determined by reference to the price or value at any time of any Equity Interest or Restricted Debt; provided that phantom stock or similar plans providing for payments only to current or former
directors, officers, consultants, advisors or employees of the Parent Borrower or the Subsidiaries (or to their heirs or estates) shall not be deemed to be Synthetic Purchase Agreements. For the avoidance of doubt, the term “Synthetic Purchase
Agreement” shall not include any agreement, indenture or other document governing any Permitted Bond Hedge Transaction, Permitted Convertible Indebtedness or Permitted Warrant Transaction. 

“TARGET Day” any day on which the Trans-European Automated Real-time Gross Settlement Express Transfer
(TARGET) payment system (or, if such payment system ceases to be operative, such other payment system (if any) determined by Agent to be a suitable replacement) is open for the settlement of payments in Euros. 

“Taxes” all present or future taxes, levies, imposts, duties, deductions, withholdings (including backup
withholding), assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto. 

“Term Intercreditor Agreement” means
that Term Intercreditor Agreement, dated as of the FourthSeventh Amendment Effective Date, among the Obligors, the First Lien Term Loan Agent and the
SeniorSecond Lien Term Agent, as amended, restated, supplemented, or otherwise modified from time to time in accordance with the terms thereof. 

“Term Loan Agent” JPMorgan Chase Bank, N.A. in its capacity as agent for the lenders under the Term Loan Agreement, and its successors and assigns including under any replacement or refinancing with respect thereto.Agents”
 the First Lien Term Loan Agent and the Second Lien Term Loan Agent.

“Term Loan
Agreement” that certain Term Loan Credit Agreement, dated as
of June 30, 2015, among Term Loan Agent, the Term Loan Lenders, the Parent Borrower, and the other parties thereto. 

“
Term Loan Agreement Fourth Amendment” that certain Fourth Amendment to Credit Agreement, dated as of July 31, 2018, among Term Loan Agent, the Term Loan Lenders party thereto, the Parent Borrower, Horizon Global Americas Inc., a Delaware corporation, Horizon Global Company LLC, a Delaware limited liability company, and the
other parties thereto. 

  
 -64- 

“Term Loan
Debt” the Debt and “Obligations”
 (as defined under the Term Loan Agreement) evidenced by the Term Loan Documents, in aggregate principal amount (in the case of loans) not to exceed (a)
$200,000,000 plus (b) the aggregate principal amount of Permitted Incremental Term Loans less (c) the
aggregate principal amount of Senior Term Loans. 
 “Term Loan
Documents” collectively” (a) the Term Loan Agreement and (b) all other agreements, instruments, documents and certificates executed and delivered to, or in favor
of, the Term Loan Agent or the Term Loan Lenders in
connection therewith.

 “Term Loan
Lenders” the lenders party to the Term Loan Agreement 

“
Term Loan
Agreements” the
 First Lien Term Loan Agreement and the Second Lien Term Loan Agreement. 

“
Term Loan
Debt” First
 Lien Term Loan Debt and Second Lien Term Loan Debt. 
 “Term Loan
Documents” First
 Lien Term Loan Documents and Second Lien Term Loan Documents. 

“
Term Loan
Lenders” First
 Lien Term Loan Lenders and Second Lien Term Loan Lenders. 

“Term Loan Security Documents”
collectively, the Guarantee and Collateral Agreement (as defined in the Term Loan Agreement), the Mortgages (as defined in the Term Loan Agreement) and all other security documents
delivered to the Term Loan Agent granting a Lien on any property of any Person to secure the obligations and liabilities of any Obligor under the Term Loan Agreement or the Guarantee and Collateral Agreement (as defined in the Term Loan Agreement),
as such documents may be amended, restated, supplemented, replaced, refinanced or otherwise modified from time to time in accordance with the requirements thereof and of this Agreement. 
First Lien Term Loan Security Documents and Second Lien Term Loan Security Documents. 
 “Term Priority Collateral” the “Term Priority
Collateral”, as defined in the Intercreditor Agreement. 
 “Termination Event” (a) the voluntary full
or partial wind up of a Canadian Pension Plan that is a registered pension plan by a Canadian Domiciled Obligor; (b) the institution of proceedings by any Governmental Authority to terminate in whole or in part or have a trustee appointed to
administer such a plan; or (c) any other event or condition which might constitute grounds for the termination of, winding up or partial termination of winding up or the appointment of trustee to administer, any such plan. 

“Toronto Account” Account number 90083255 established at Bank of America (Canada)
. 
 “Total Availability” the sum of the
Canadian Availability, the UK Availability and the U.S. Availability. 
 “Total Borrowing Base” the sum of
the Canadian Borrowing Base, the UK Borrowing Base and the U.S. Borrowing Base. 
 “Total Debt” as of any
date, the aggregate principal amount of Debt for Borrowed Money of the Parent Borrower and the Subsidiaries outstanding as of such date, in the amount that would be reflected on a balance sheet prepared as of such date on a consolidated basis in
accordance with GAAP. 

  
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 “Total Revolver Usage” the sum of the Canadian Revolver
Usage, the UK Revolver Usage and the U.S. Revolver Usage. 
 “Trademarks” with respect to any Person, all
of such Person’s right, title, and interest in and to the following: (a) all trademarks (including service marks), trade names, trade dress, and trade styles and the registrations and applications for registration thereof and the goodwill
of the business symbolized by the foregoing; (b) all renewals of the foregoing; (c) all income, royalties, damages, and payments now or hereafter due or payable with respect thereto, including, without limitation, damages, claims, and
payments for past and future infringements thereof; (d) all rights to sue for past, present, and future infringements of the foregoing; and (e) all rights corresponding to any of the foregoing throughout the world. 

“Transactions” collectively, (a) the Original Closing Date Transactions, (b) the execution,
delivery and performance on the Closing Date by each Obligor of the Loan Documents to which it was a party as of such date, the borrowing (if any) of the Loans on the Closing Date and issuance (if any) of Letters of Credit hereunder on the Closing
Date and the use of the proceeds of the foregoing, and (c) the payment of the fees and expenses payable in connection with the foregoing. 

“Transferee” any actual or potential Eligible Assignee, Participant or other Person acquiring an interest in
any Obligations. 
 “Treaty” a double taxation agreement. 

“Treaty Lender” a Lender which: 

(a)        is treated as a resident of a Treaty State for the purposes of the relevant
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)        meets all of the conditions in the Treaty for full exemption from Taxes
imposed by the United Kingdom on interest, subject to the completion of any necessary procedural formalities. 

“Treaty State” as defined, in relation to United Kingdom Tax matters, in
Section 5.8.4. 
 “TriMas” TriMas Company LLC, a Delaware limited liability
company. 
 “UCC” the Uniform Commercial Code as in effect in the State of New York or, when the laws of
any other jurisdiction govern the perfection or enforcement of any Lien, the Uniform Commercial Code of such jurisdiction. 

“UK or United Kingdom” the United Kingdom of Great Britain and Northern Ireland. 

“UK Allocated U.S. Availability” U.S. Availability designated by the Borrower Agent for application to the UK
Borrowing Base. 
 “UK Availability” the UK Borrowing Base minus the UK Revolver Usage. 

“UK Availability Reserve” the sum (without duplication) of (a) the UK Inventory Reserve; (b) the UK
Rent and Charges Reserve; (c) the UK Bank Product Reserve; (d) the aggregate amount of liabilities secured by Liens upon UK Facility Collateral that are (or, in the opinion of Agent in the 

  
 -66- 

 
exercise of its Permitted Discretion, may be) senior to Agent’s or any Security Trustee’s Liens or that Agent in its Permitted Discretion determines may be required to be paid to permit
or facilitate exercise of rights or remedies with respect to UK Facility Collateral (but imposition of any such reserve shall not waive an Event of Default arising therefrom); including, without limitation, (i) amounts due to employees in
respect of unpaid wages and holiday pay, (ii) the “prescribed part” of floating charge realisations held for unsecured creditors and (iii) the expenses and liabilities incurred by any administrator (or other insolvency officer)
and any remuneration of such administrator (or other insolvency officer) and (e) such additional reserves, in such amounts and with respect to such matters, as Agent in its Permitted Discretion may elect to impose from time to time; 
provided
 the imposition of any such reserves or change in a reserve after the Closing Date shall not be effective until two (2) Business Days after notice thereof (which may be oral notice, promptly confirmed in writing) to the Borrower Agent unless (i) a Default has occurred and is then continuing, (ii) the reserve or change in reserve is the result of a Lien, senior in priority to Agent’s or applicable Security Trustee’s Lien, attached to any UK Facility Collateral included in the UK Borrowing Base and/or
(iii) the changes to any such reserve results solely from mathematical
calculations of the amount of such reserve in accordance with the methodology of calculation previously utilized (in the case of each of which such reserve or change in reserve shall be effective immediately); and provided
further that
 during any such two (2) Business Day notice period, Lenders shall have no
obligations to fund any UK Revolver Loan or cause to be issued any UK Letter of Credit to the extent that, after giving pro forma effect to the making of such UK Revolver Loan or issuance of such UK Letter of Credit and to the establishment of any
such new reserve or change in such reserve, a UK Overadvance
would exist.

 “UK Bank Product Reserve” the aggregate amount of reserves
established by Agent from time to time in its Permitted Discretion in respect of Secured Bank Product Obligations for the account of the UK Domiciled Obligors and any Affiliate thereof domiciled in the UK. 

“UK Base Rate Loan” a UK Revolver Loan, or portion thereof, funded in Dollars and bearing interest calculated
by reference to the U.S. Base Rate. 
 “UK Borrower” Cequent UK (as defined in the preamble to this
Agreement). 
 “UK Borrowing Base” on any date of determination, an amount (expressed in Dollars, based on
the Dollar Equivalent thereof) equal to the lesser of (a) the aggregate UK Revolver Commitments and (b) the sum of the UK Inventory Formula Amount, plus UK Allocated U.S. Availability, minus the UK Availability Reserve;
provided, however, that no Inventory or other Property acquired in a Permitted
Acquisition or otherwise outside the Ordinary Course of Business shall be included in the calculation of
the UK Borrowing Base until completion of a customary due diligence investigation by Agent, which may in Agent’s sole discretion include applicable field examinations and appraisals (which shall not be included in the limits on the number of
field examinations or appraisals provided in Section 10.1.1) satisfactory to Agent. 

“UK Commitment Termination Date” the earliest to occur of (a) the Revolver Termination Date; (b) the
date on which U.S. Borrowers terminate the U.S. Revolver Commitments pursuant to Section 2.1.4; (c) the date on which the U.S. Revolver Commitments are terminated pursuant to Section 11.2; (d) the
date on which UK Borrower terminates the UK Revolver Commitments pursuant to Section 2.1.4; (c) the date on which the UK Revolver Commitments are terminated pursuant to Section 11.2. 

“UK Debenture”
(a) the debenture, governed by English law dated on or about the date of this Agreement22 December
2015 and made between UK Borrower and UK Security Trustee, as and
(b) the
 debenture, governed by English law made between UK Borrower and UK Security Trustee to be 

  
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delivered after the Seventh Amendment Effective Date pursuant to
Section 10.1.15, as each such debenture is amended, restated, supplemented or otherwise modified from time to time. 

“UK Deposit Account Control Agreement” a control agreement (whether in the form of an agreement, notice and acknowledgement or like instrument) satisfactory to Agent executed by an institution maintaining a Deposit Account for
an Obligor in favor of Agent as security for the UK Facility Obligations of such Obligor. 

“UK Domiciled Obligor” UK Borrower and each UK Subsidiary that is or is required to be liable for payment of
any Foreign Facility Obligations or
that has granted a Lien on its assets in favor of Agent or any Security Trustee to secure
any Foreign Facility Obligations, and “UK Domiciled Obligors” means all such Persons, collectively. 

“UK Dominion Account(s)” one or more special accounts established by the UK Borrower at Bank of America or
another bank reasonably acceptable to Agent, held in the United States, and, as required under Section 8.2.4, with respect to which Agent has the right to issue a notice of exclusive control for withdrawal purposes during a
Dominion Trigger Period. 
 “UK Eligible Inventory” Inventory owned by UK Borrower that Agent, in its
Permitted Discretion, deems to be UK Eligible Inventory. Without limiting the foregoing, no Inventory shall be UK Eligible Inventory unless it (a) is finished goods or raw materials or work-in-process and not packaging or shipping materials, labels, samples, display items, bags, replacement parts or manufacturing supplies; (b) is not held on consignment, nor subject to any deposit or
down payment; (c) is in new and saleable condition and is not damaged, defective, shopworn or otherwise unfit for sale; (d) is not slow-moving, perishable, obsolete or unmerchantable, and does not constitute returned or repossessed goods;
(e) meets all standards imposed by any Governmental Authority, has not been acquired from a Person subject to any Sanction or on any specially designated nationals list maintained by OFAC, and does not constitute Hazardous Materials under any
Environmental Law; (f) conforms with the covenants and representations herein; (g) is subject to Agent’s or a Security Trustee’s duly perfected, first priority Lien, and no other Lien (other than Permitted Encumbrances and Liens
permitted under Sections 10.2.2(a) and 10.2.2(r) (in each case provided that no such Permitted Encumbrance or Lien permitted under Section 10.2.2(a) or Section 10.2.2(r) is prior to
the Lien of Agent or of the Security Trustee, as applicable, unless a UK Availability Reserve is in effect with respect thereto)); (h) is within the UK, U.S. or Mexico, is not in transit except between locations of UK Borrower, and is not consigned
to any Person; (i) is not subject to any negotiable document; (j) is not subject to any License or other arrangement that restricts UK Borrower’s or Agent’s right to dispose of such Inventory, unless Agent has received an
appropriate Lien Waiver or an appropriate UK Rent and Charges Reserve has been established; and (k) is not located on leased premises or in the possession of a warehouseman, processor, repairman, mechanic, shipper, freight forwarder or other
Person, unless the lessor or such Person has delivered a Lien Waiver or an appropriate UK Rent and Charges Reserve has been established; and (l) is reflected in the details of a current perpetual inventory report. 

“UK Facility Collateral” Collateral
granted by any UK Domiciled Obligor and/or Mexican Domiciled Obligor that now or
hereafter secures (or is intended to secure) any of the UK Facility Obligations. 

“UK Facility Guarantor” each Dutch Domiciled Obligor, each U.S. Domiciled Obligor, each Canadian Domiciled
Obligor, each Mexican Domiciled Obligor, each UK Subsidiary Obligor, each German Domiciled Obligor and each other Person that guarantees or is required to guarantee payment or 

  
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performance of the UK Facility Obligations (including pursuant to a Foreign
Cross-Guarantee) pursuant to Section 10.1.9 and/or the Collateral and
Guarantee Requirement. 
 “UK Facility Obligations” all Obligations of the UK Facility Obligors owed to the UK Facility Secured Parties, and the other Foreign Facility Obligations that are the subject of a cross-Guarantee (including, without
limitation, the Foreign Cross-Guarantee) made by the UK Facility Obligors.(a) principal of and premium, if any, on the
UK Revolving Loans,
(b) UK
 LC Obligations and
other obligations with respect to UK Letters of Credit, (c) interest,
expenses, fees, indemnification obligations, Extraordinary Expenses and other amounts payable in connection with the UK Revolving Loans under Loan Documents,
(d) Secured
 Bank Product Obligations for the account of the UK Borrower and any UK Subsidiary or Affiliate domiciled in the United Kingdom, and
(e) other
 Debts, obligations and liabilities of any kind owing with respect to the UK Revolving Loans pursuant to the Loan Documents, whether now existing or hereafter arising, whether evidenced by a note or other writing, whether allowed in any Insolvency
Proceeding, whether arising from an extension of credit, issuance of a letter of credit, acceptance, loan, guaranty, indemnification or otherwise, and whether direct or indirect, absolute or contingent, due or to become due, primary or secondary, or
joint or
several. 

“UK Facility Obligor” UK
Borrower, and each UK Facility Guarantor and each other Person that
has or is required pursuant
to Section
10.1.9 and/or the Collateral and Guarantee Requirement to
grant a Lien on its assets in favor of Agent or any Security Trustee to secure any UK Facility Obligations. 

“UK Facility Secured Parties” Agent, UK Issuing Bank, UK Lenders, UK Security Trustee, any other Security
Trustee with respect to the UK Facility Obligations, and Secured Bank Product Providers of Bank Products for the account of UK Domiciled Obligors and their Affiliates domiciled in the
UK, and the other Foreign Facility Secured Parties that are the beneficiaries of a Foreign Cross-Guarantee made by the UK Domiciled Obligors. 

“UK Guaranties” each guaranty executed by a UK Facility Guarantor in favor of Agent in order to guaranty the
payment and/or performance of the UK
Facility Obligations (including without limitation this Agreement and the Foreign FacilityAmended and Restated ABL Guarantee and Collateral Agreement). 
 “UK Inventory Formula
Amount” (a) the lesser of (i) 70% of the Value of UK Eligible Inventory or (ii) 85% of the NOLV Percentage of the Value of UK Eligible Inventory; plus (b) the lesser of (i) 70% of the Value of Eligible
In-Transit Inventory owned by UK Borrower or (ii) 85% of the NOLV Percentage of the Value of Eligible In-Transit Inventory owned by UK Borrower; provided that
(i) prior to the date that the conditions set forth in clause (b) of the definition of “Eligible In-Transit Inventory” are met, whether or not an Eligible
In-Transit Inventory Trigger Period has occurred and is continuing, the Inventory Formula Amount applicable to the Eligible In-Transit Inventory of all Borrowers shall
not exceed an aggregate amount of $10,000,000 at any time and (ii) the Inventory Formula Amount applicable to the Eligible In-Transit Inventory of all Foreign Borrowers that is in transit to Mexico shall
not exceed an aggregate amount of $2,000,000 at any time. 
 “UK Inventory Reserve” reserves established by
Agent to reflect factors that may negatively impact the Value of Inventory of the UK Borrower, including change in salability, obsolescence, seasonality, theft, shrinkage, imbalance, change in composition or mix, markdowns and vendor chargebacks.

 “UK IP Assignment” a Lien on the Intellectual Property of a UK Facility Obligor in favor of Agent or a
Security Trustee, as security for (or given with the intent to secure) the UK
Facility Obligations. 

  
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 “UK Issuing Bank” Bank of America (including any Lending
Office of Bank of America), any Affiliate thereof, or any replacement issuer appointed pursuant to Section 2.5 that agrees to issue UK Letters of Credit. 

“UK Issuing Bank Indemnitees” UK Issuing Bank and its officers, directors, employees, Affiliates, agents and
attorneys. 
 “UK LC Application” an application by Borrower Agent or UK Borrower to UK Issuing Bank for
issuance of a UK Letter of Credit, in form and substance satisfactory to UK Issuing Bank and Agent. 
 “UK LC
Conditions” the following conditions necessary for issuance of a UK Letter of Credit: (a) each of the conditions set forth in Section 6; (b) after giving effect to such issuance, total UK LC Obligations do not
exceed the UK Letter of Credit Subline, no UK Overadvance exists and UK Revolver Usage does not exceed the UK Borrowing Base; (c) the UK Letter of Credit and payments thereunder are denominated in Sterling, Euros, Dollars or other currency
satisfactory to Agent and UK Issuing Bank; and (d) the purpose and form of the proposed UK Letter of Credit are satisfactory to Agent and UK Issuing Bank in their Permitted Discretion. 

“UK LC Documents” all documents, instruments and agreements (including UK LC Requests and UK LC Applications)
delivered by UK Borrower or any other Person to UK Issuing Bank or Agent in connection with any UK Letter of Credit. 

“UK LC Obligations” the Dollar Equivalent of the sum of (a) all amounts owing by UK Borrower for
drawings under UK Letters of Credit; and (b) the Stated Amount of all outstanding UK Letters of Credit. 
 “UK
LC Request” a request for issuance of a UK Letter of Credit, to be provided by Borrower Agent or UK Borrower to UK Issuing Bank, in form satisfactory to Agent and UK Issuing Bank. 

“UK Lenders” Bank of America, each other lender party to this Agreement that has issued a UK Revolver
Commitment, the UK Swingline Lender, and any Person who hereafter becomes a “Lender” with a UK Revolver Commitment pursuant to an Assignment, including any Lending Office of the foregoing. 

“UK Letter of Credit” any standby or documentary letter of credit, foreign guaranty, documentary bankers
acceptance or similar instrument issued by UK Issuing Bank for the account or benefit of UK Borrower or an Affiliate of UK Borrower. 

“UK Letter of Credit Subline” the lesser of (a) $0 and (b) the UK Revolver Commitments. 

“UK Mortgage” a Lien on any Mortgaged Property to secure (or given with the intent to secure) the UK
Facility Obligations. Each UK Mortgage shall be in form and substance reasonably satisfactory to Agent.

 “UK Overadvance” as defined in Section 2.1.5. 

“UK Overadvance Loan” a UK Base Rate Loan made to UK Borrower when a UK Overadvance exists or is caused by
the funding thereof. 

  
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 “UK Overadvance Loan Balance” on any date, the Dollar
Equivalent of the amount by which the aggregate UK Revolver Loans of the UK Borrower exceed the amount of the UK Borrowing Base on such date. 

“UK Protective Advances” as defined in Section 2.1.6. 

“UK Reimbursement Date” as defined in Section 2.3.2. 

“UK Rent and Charges Reserve” the aggregate of (a) all past due rent and other amounts owing by UK
Borrower to any landlord, warehouseman, processor, repairman, mechanic, shipper, freight forwarder, broker or other Person who possesses any UK Facility Collateral or could assert a Lien on any UK Facility Collateral; and (b) a reserve at least
equal to two months’ rent and other charges that could be payable to any such Person, unless it has executed a Lien Waiver. 

“UK Revolver Commitment” for any UK Lender, its obligation to make UK Revolver Loans and to participate in UK
LC Obligations up to the maximum principal amount shown on Schedule 1.1(B), as hereafter modified pursuant to Section 2.1.4, Section 2.1.7 or an Assignment to which it is a party.
“UK Revolver Commitments” means the aggregate amount of such commitments of all UK Lenders. 
 “UK
Revolver Loan” a loan made by a UK Lender to UK Borrower pursuant to Section 2.1, which loan shall be either a LIBOR Loan (in which case such loan shall be denominated in Sterling, Dollars or Euros) or a UK Base
Rate Loan (in which case such loan shall be denominated in Dollars), in each case as selected by the Borrower Agent on behalf of the UK Borrower, and any UK Swingline Loan, UK Overadvance Loan or UK Protective Advance. 

“UK Revolver Usage” the Dollar Equivalent of an amount equal to (a) the aggregate amount of outstanding
UK Revolver Loans; plus (b) the aggregate Stated Amount of outstanding UK Letters of Credit, except to the extent Cash Collateralized by UK Borrower. 

“UK Security Agreements” the UK Debenture, the UK Share Mortgage and each other debenture or security
agreement governed by English law among any Obligor and Agent or UK Security Trustee. 
 “UK Security
Documents” the UK Security Agreements, the UK Guaranties, the UK Mortgages, the UK IP Assignments,
the 
UK Deposit Account Control Agreements, the
Foreign FacilityAmended and Restated ABL Guarantee
and Collateral Agreement, the Dutch Security Documents, the Mexican Security Documents, the Canadian Security Documents, the U.S. Security
Documents, the German Security Documents and all other documents,
instruments and agreements now or hereafter securing (or given with the intent to secure) any UK
Facility Obligations. 

“UK Security Trustee” Bank of America (London) or any successor security trustee appointed in accordance with
Section 12.2. 
 “UK Share Mortgage” (a) the share mortgage
dated 22 December 2105 governed by English law among Cequent Nederland
Holdings B.V. and UK Security Trustee. and
(b) the share mortgage governed by English law among Cequent Nederland Holdings B.V. and UK Security Trustee to be delivered after the Seventh Amendment Effective Date pursuant to Section 10.1.15. 
 “UK Subsidiary” each Subsidiary that is incorporated or
organized under the laws of any legal jurisdiction of the United Kingdom. 

  
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 “UK Subsidiary Obligor” any Subsidiary directly owned by a
UK Domiciled Obligor that is not an Immaterial Subsidiary. 

“UK Swingline Lender” Bank of America or an Affiliate of Bank of America in its capacity as provider of UK
Swingline Loans. 
 “UK Swingline Loan” any Borrowing of UK Revolver Loans funded with UK Swingline
Lender’s funds, until such Borrowing is settled among UK Lenders or repaid by UK Borrower, which UK Revolver Loan shall be a UK Base Rate Loan. 

“Unfunded Current Liability” of any Canadian Pension Plan shall mean the excess of the present value of the
benefit liabilities determined on a plan termination basis in accordance with actuarial assumptions over the current value of the assets, and in any event includes any unfunded liability, solvency liability or wind up deficiency in respect of any
Canadian Pension Plan. 
 “Unrestricted Domestic Cash” as of any date, domestic unrestricted cash and
domestic unrestricted Permitted Investments of the Parent Borrower and its Domestic Subsidiaries as of such date. 

“Unrestricted Foreign Cash” as of any date, unrestricted cash and unrestricted Permitted Investments of the
Obligors (other than Parent Borrower and its Domestic Subsidiaries) as of such date. 
 “Unused Line Fee
Rate” a per annum rate equal to 0.25%. 
 “U.S. or United States” the United States of
America. 
 “U.S. Accounts Formula Amount” 85% of the Value of U.S. Eligible Accounts; provided,
however, that such percentage shall be reduced by 1.0% for each percentage point (or portion thereof) that the Dilution Percent exceeds 5%. 

“U.S. Adjusted Availability” the difference of (a) the U.S. Borrowing Base, calculated as
though the FILO Amount were equal to $0, minus (b) U.S. Revolver
Usage. 
 “U.S. Availability” the U.S.
Borrowing Base minus U.S. Revolver Usage. 
 “U.S. Availability Reserve” the sum (without
duplication) of (a) the U.S. Inventory Reserve; (b) the U.S. Rent and Charges Reserve; (c) the U.S. Bank Product Reserve; (d) the aggregate amount of liabilities secured by Liens upon U.S Facility Collateral that are (or, in the
opinion of Agent in the exercise of its Permitted Discretion, may be) senior to Agent’s Liens or any Security Trustee’s Liens or that Agent in its Permitted Discretion determines may be required to be paid to permit or facilitate exercise
of rights or remedies with respect to U.S. Facility Collateral (but imposition of any such reserve shall not waive an Event of Default arising therefrom); (e) the Foreign Allocated U.S. Availability Reserve, (f) the U.S. Special Availability
Block and (g) such additional reserves, in such amounts and with respect to such matters, as Agent in its Permitted Discretion may elect to impose from time to
time; provided the imposition of any such reserves or change in a reserve after the Closing Date shall not be effective until two (2) Business Days after notice thereof (which may be oral notice, promptly
confirmed in writing) to the Borrower Agent unless (i) a Default has occurred and is then continuing, (ii) the reserve or change in reserve is the result of a Lien, senior in priority to Agent’s or applicable Security Trustee’s
Lien, attached to any U.S. Facility Collateral that is Revolver Priority Collateral included in the U.S. Borrowing Base and/or (iii) the changes to any such reserve results solely from mathematical calculations of the amount of such reserve in
accordance with the methodology of calculation previously utilized (in the case of each of which such reserve or change in reserve shall be effective immediately); provided 

  
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further that during any such two (2)
Business Day notice period, Lenders shall have no obligations to fund any U.S. Revolver Loan or cause to be issued any U.S. Letter of Credit to the extent that, after giving pro forma effect to the making of such U.S. Revolver Loan or issuance of
such U.S. Letter of Credit and to the establishment of any such new reserve or change in such reserve, a U.S. Overadvance would exist; and provided still
further that the Foreign Allocated U.S. Availability Reserve and changes thereto will be effective immediately without necessity of notice to Borrower
Agent.. 

“U.S. Bank Product Reserve” the aggregate amount of reserves established by Agent from time to time in its
Permitted Discretion in respect of Secured Bank Product Obligations for the account of the U.S. Domiciled Obligors and the Affiliates thereof domiciled in the U.S. 

“U.S. Bankruptcy Code” Title 11 of the United States Code. 

“U.S. Base Rate” 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) LIBOR for a 30 day interest period as of such day, plus 1.0%. 

“U.S. Base Rate Loan” any Revolver Loan that bears interest based on the U.S. Base Rate. 

“U.S. Borrowers” Parent Borrower, Cequent Performance and Cequent Consumer (each as defined in the preamble
to this Agreement). 
 “U.S. Borrowing Base” on any date of determination, an amount equal to the lesser of
(a) the aggregate U.S. Revolver Commitments and (b) the sum of the U.S. Accounts Formula Amount, plus the U.S. Inventory Formula Amount, plus on and after the FILO Commencement Date, the FILO Amount, minus the U.S. Availability Reserve; provided, however,
that no Accounts, Inventory or other Property acquired in a Permitted Acquisition or
otherwise outside the Ordinary Course of Business shall be included in the calculation of the U.S.
Borrowing Base until completion of a customary due diligence investigation by Agent, which may in Agent’s sole discretion include applicable field examinations and appraisals (which shall not be included in the limits on the number of field
examinations or appraisals provided in Section 10.1.1) satisfactory to Agent. 
 “U.S. Cash Collateral
Account” a demand deposit, money market or other account
established by Agent at such financial institution as Agent may select in its Permitted Discretion, which account shall be subject to a Lien in favor of Agent for the benefit of the U.S. Facility Secured Parties. 
 “U.S. Commitment Termination Date” the earliest to
occur of (a) the Revolver Termination Date; (b) the date on which U.S. Borrowers terminate the U.S. Revolver Commitments pursuant to Section 2.1.4; or (c) the date on which the U.S. Revolver Commitments are
terminated pursuant to Section 11.2. 

“U.S. Deposit Account Control
Agreement” a control agreement satisfactory to Agent
executed by an institution maintaining a Deposit Account for an Obligor, to perfect
Agent’s Lien on such account, as security for (or given with the intent to
secure)
the Obligations.

 “U.S. Domiciled Obligor” each U.S. Borrower and each U.S. Subsidiary that is or is
required to be liable for payment of any Obligations or that has granted a Lien on its assets in favor of Agent or any Security Trustee to secure any Obligations, and “U.S. Domiciled Obligors” means all such Persons, collectively.

 “U.S. Dominion Account(s)” one or more special accounts established by one or more U.S. Borrowers at
Bank of America or another bank reasonably acceptable to Agent, and, as required under 

  
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Section 8.2.4, with respect to which Agent has the right to issue a notice of exclusive control for withdrawal purposes during a Dominion Trigger Period. 

“U.S. Eligible Account” an Account owing to a U.S. Borrower that arises in the Ordinary Course of Business
from the sale of goods, is payable in Dollars and is deemed by Agent, in its Permitted Discretion, to be a U.S. Eligible Account. Without limiting the foregoing, no Account shall be a U.S. Eligible Account if (a) it is unpaid for more than 60
days after the original due date, or more than 120 days after the original invoice date; (b) 50% or more of the Accounts owing by the Account Debtor are not U.S. Eligible Accounts under the foregoing clause; (c) when aggregated with other
Accounts owing by the Account Debtor, it exceeds (but solely to the extent of such excess) 15% of the aggregate U.S. Eligible Accounts (or such higher percentage as Agent may establish for the Account Debtor from time to time); (d) it does not
conform with a covenant or representation herein; (e) it is owing by a creditor or supplier, or is otherwise subject to a potential offset, counterclaim, dispute, deduction, discount, recoupment, reserve, defense, chargeback, credit or
allowance (but ineligibility shall be limited to the amount thereof); (f) an Insolvency Proceeding has been commenced by or against the Account Debtor; or the Account Debtor has failed, has suspended or ceased doing business, is liquidating,
dissolving or winding up its affairs, is not Solvent, or is subject to any Sanction or on any specially designated nationals list maintained by OFAC; or the applicable U.S. Borrower is not able to bring suit or enforce remedies against the Account
Debtor through judicial process, unless the Account is supported by a letter of credit (delivered to and directly drawable by Agent) from a financial institution reasonably acceptable to Agent and on terms reasonably satisfactory to Agent;
(g) the Account Debtor is organized or has its principal offices or assets outside the United States or Canada, unless the Account is supported by a letter of credit (delivered to and directly drawable by Agent) from a financial institution
reasonably acceptable to Agent and on terms reasonably satisfactory to Agent; (h) it is owing by a Governmental Authority, unless the Account Debtor is the United States or any department, agency or instrumentality thereof and the Account has
been assigned to Agent in compliance with the federal Assignment of Claims Act; (i) it is not subject to a duly perfected, first priority Lien in favor of Agent, or is subject to any other Lien (other than Permitted Encumbrances and Liens
permitted under Sections 10.2.2(a) and 10.2.2(r) (in each case provided that no such Permitted Encumbrance or Lien permitted under Section 10.2.2(a) or Section 10.2.2(r) is prior to
the Lien of Agent or of the Security Trustee, as applicable, unless a U.S. Availability Reserve is in effect with respect thereto)); (j) the goods giving rise to it have not been delivered to the Account Debtor, the services giving rise to it have
not been accepted by the Account Debtor, or it otherwise does not represent a final sale; (k) it is evidenced by Chattel Paper or an Instrument of any kind, or has been reduced to judgment; (l) its payment has been extended or the Account
Debtor has made a partial payment; (m) it arises from a sale to an Affiliate, from a sale on a cash-on-delivery, bill-and-hold, sale-or-return, sale-on-approval,
consignment, or other repurchase or return basis, or from a sale for personal, family or household purposes; (n) it represents a progress billing or retainage, or relates to services for which a performance, surety or completion bond or similar
assurance has been issued; or (o) it includes a billing for interest, fees or late charges, but ineligibility shall be limited to the extent thereof. In calculating delinquent portions of Accounts under clauses (a) and (b), credit balances more
than 120 days old will be excluded. 
 “U.S. Eligible Inventory” Inventory owned by a U.S. Borrower that
Agent, in its Permitted Discretion, deems to be U.S. Eligible Inventory. Without limiting the foregoing, no Inventory shall be U.S. Eligible Inventory unless it (a) is finished goods or raw materials or work-in-process and not packaging or shipping materials, labels, samples, display items, bags, replacement parts or manufacturing supplies; (b) is not held on consignment, nor subject to any deposit or
down payment; (c) is in new and saleable condition and is not damaged, defective, shopworn or otherwise unfit for sale; (d) is not slow-moving, perishable, obsolete or unmerchantable, and does not constitute returned or repossessed goods;
(e) meets all standards imposed by any Governmental Authority, has not been acquired from a 

  
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Person subject to any Sanction or on any specially designated nationals list maintained by OFAC, and does not constitute Hazardous Materials under any Environmental Law; (f) conforms with
the covenants and representations herein; (g) is subject to Agent’s duly perfected, first priority Lien, and no other Lien (other than Permitted Encumbrances and Liens permitted under Sections 10.2.2(a) and 10.2.2(r) (in each
case provided that no such Permitted Encumbrance or Lien permitted under Section 10.2.2(a) or Section 10.2.2(r) is prior to the Lien of Agent or of the Security Trustee, as applicable, unless a
U.S. Availability Reserve is in effect with respect thereto)); (h) is within the continental United States or Canada, is not in transit except between locations of U.S. Borrowers, and is not consigned to any Person; (i) is not subject to any
negotiable document; (j) is not subject to any License or other arrangement that restricts such U.S. Borrower’s or Agent’s right to dispose of such Inventory, unless Agent has received an appropriate Lien Waiver or an appropriate U.S.
Rent and Charges Reserve has been established; and (k) is not located on leased premises or in the possession of a warehouseman, processor, repairman, mechanic, shipper, freight forwarder or other Person, unless the lessor or such Person has
delivered a Lien Waiver or an appropriate U.S. Rent and Charges Reserve has been established; and (l) is reflected in the details of a current perpetual inventory report. 

“U.S. Facility Collateral” Collateral
granted by the U.S. Domiciled Obligors that now or hereafter secures (or is
intended to secure) any of the U.S. Facility Obligations. 
 “U.S. Facility Collateral and Guarantee Requirement” with respect to any and all U.S. Facility Obligors, the requirement that, subject to
any applicable limitations set forth in the Security Documents: 

(a)        Agent
shall have received from each party thereto (other than Agent) either (i) a
counterpart of each applicable U.S. Security Document, duly executed and delivered on behalf of such U.S. Facility Obligor, or (ii) in the case of any Person that becomes a U.S. Facility Obligor after the Original Closing Date, a joinder to this Agreement and a supplement to each applicable U.S. Security Document
and the Intercreditor Agreement, in each case in the form specified therein, duly executed and delivered on behalf of such U.S. Facility Obligor; 

(b)        all
outstanding Equity Interests of the Parent Borrower and each Subsidiary owned by or on behalf of any U.S. Facility Obligor shall have been pledged pursuant to the Guarantee and Collateral Agreement (except that the U.S. Facility Obligors
shall not be required to pledge more than 65% of the outstanding voting Equity Interests of any Foreign Subsidiary, any CFC (other than any CFC organized under the laws of Germany, the
United Kingdom (or any political subdivision thereof) or the Netherlands)) to secure the U.S. Facility Obligations; provided, however, that if one or more of the
Senior Term Loan Documents and/or the Term Loan Documents would require a greater pledge, the limitation in this
parenthetical shall be automatically deemed to be modified to require a pledge equivalent to that required by the Senior Term Loan Documents and/or the Term Loan
Documents) and, subject to the Intercreditor Agreement, Agent or the Controlling Term Loan Agent, as applicable, shall have received certificates or other instruments representing all such Equity Interests, together with stock powers or other
instruments of transfer with respect thereto endorsed in blank; 

(c)        all Debt
for borrowed money having an aggregate principal amount in excess of $500,000 that is owing to any U.S. Facility Obligor shall be evidenced by a promissory note and shall have been pledged pursuant to the Guarantee and Collateral Agreement and subject to the Intercreditor Agreement, Agent and/or the Controlling Term Loan Agent, as applicable, shall have received all such promissory notes, together with instruments of
transfer with respect thereto endorsed in blank; 
 (d)        all documents and instruments, including UCC financing
statements, required by law or reasonably requested by Agent to be filed, registered or recorded to create the Liens intended to be created by the U.S. Security Documents and perfect such Liens to the extent required by, and with
the 

  
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priority required by, the U.S. Security
Documents (in each case subject to the Intercreditor Agreement), shall have been filed, registered or recorded or delivered to Agent for filing, registration or recording; 

(e)        Agent
shall have received, with respect to any Mortgaged Property of any U.S. Facility Obligor, (i) counterparts of a U.S. Mortgage with respect to such Mortgaged Property
duly executed and delivered by the record owner of such Mortgaged Property, (ii) a policy or policies of title insurance issued by a nationally recognized title insurance company insuring the Lien of each such U.S. Mortgage as a valid first Lien on the Mortgaged Property described therein, free of any other Liens except as expressly permitted by Section 10.2.2, together with such endorsements,
coinsurance and reinsurance as Agent or the Required Lenders may reasonably request, but only to the extent such endorsements are (A) available in the relevant jurisdiction
(provided in no event shall Agent request a creditors’ rights
endorsement) and (B) available at commercially reasonable rates, (iii) if any such Mortgaged Property is located in an area determined by the Federal Emergency Management Agency to have special flood hazards, evidence of such flood insurance as may
be required under Applicable Law, including Regulation H of the Board of Governors, and an acknowledged notice to U.S.
Facility Obligors, (iv) if reasonably requested by Agent, a current appraisal of any such Mortgaged Property, prepared by an appraiser acceptable to Agent, and in form
and substance satisfactory to Required Lenders (it being understood that if such appraisal is required in order to comply with Agent’s internal policies, such request shall be deemed to be reasonable), (v) if reasonably requested by Agent, an
environmental assessment with respect to any such Mortgaged Property, prepared by environmental engineers reasonably acceptable to Agent, and such other reports, certificates, studies or data with respect to such Mortgaged Property as Agent may
reasonably require, all in form and substance reasonably satisfactory to Required Lenders (it being understood that if such assessment or other materials are required in order to comply with Agent’s internal policies, such request shall be
deemed to be reasonable), and (vi) such abstracts, legal opinions and other documents as Agent or the Required Lenders may reasonably request with respect to any such U.S. Mortgage or Mortgaged Property; provided,
however, in no event shall surveys be required to be obtained with respect to
any such Mortgaged Property; 
 (f)        each U.S. Facility Obligor shall have obtained all
material consents and approvals required to be obtained by it in connection with the execution and delivery of all U.S. Security Documents to which it is a party,
the performance of its obligations thereunder and the granting by it of the Liens thereunder, and in each case except to the extent not required to be obtained pursuant to the
Loan Documents; 

provided, that, (i) with respect to any U.S. Facility Obligor that is a Foreign Subsidiary organized under the laws of Germany, the United Kingdom (or any political subdivision thereof), or
the Netherlands, the U.S. Collateral and Guarantee Requirement shall require the provision of the documents and satisfaction of the requirements set forth in Schedule
I to the Fourth Amendment and (ii) with respect to any U.S. Facility Obligor that is a Foreign Subsidiary
organized under the laws of any other jurisdiction, the U.S. Collateral and Guarantee Requirement shall be modified as reasonably requested by the Required Lenders to reflect the requirements and limitations of the jurisdiction in which such Foreign
Subsidiary is organized. 
 “U.S. Facility
Guarantor” each U.S. Borrower, Horizon Global Company LLC, a Delaware limited liability company, each other
U.S. Subsidiary Obligor, Dutch Domiciled Obligor, each U.S. Domiciled Obligor, each UK Domiciled Obligor, each Mexican
Domiciled Obligor, each Canadian Domiciled Obligor, each German Domiciled Obligor and each other Person that
hasguarantees or is required byto guarantee payment or performance of the Obligations pursuant to Section 10.1.9 and/or the U.S. Facility Collateral and Guarantee
Requirement to provide a guarantee in favor of Agent of any U.S. Facility Obligations. 

  
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 “U.S. Facility Obligor” each U.S. Borrower,
and each U.S. Facility Guarantor and each other Person that has or is required by Section 10.1.9 and/or the U.S. Facility Collateral and Guarantee Requirement to grant a Lien on its
assets in favor of Agent to secure any U.S. Facility Obligations..

 “U.S. Facility Obligations” all
Obligations of the U.S. Facility Obligors owed to the U.S. Facility Secured Parties and the Obligations of the U.S. Facility Guarantors as guarantors of the Foreign Facility
Obligations).(a) principal of and premium, if any, on the U.S. Revolving Loans, (b) U.S. LC Obligations and other
obligations with respect to U.S. Letters of Credit, (c) interest, expenses, fees, indemnification obligations, Extraordinary Expenses and other amounts payable in connection with the U.S. Revolving Loans under Loan Documents, (d) Secured
Bank Product Obligations for the account of the U.S. Borrower and any U.S. Subsidiary or Affiliate domiciled in the United States of America, and (e) other Debts, obligations and liabilities of any kind owing with respect to the U.S. Revolving
Loans pursuant to the Loan Documents, whether now existing or hereafter arising, whether evidenced by a note or other writing, whether allowed in any Insolvency Proceeding, whether arising from an extension of credit, issuance of a letter of credit,
acceptance, loan, guaranty, indemnification or otherwise, and whether direct or indirect, absolute or contingent, due or to become due, primary or secondary, or joint or several. 

“U.S. Facility Secured Parties” Agent, U.S. Issuing Bank, U.S. Lenders and Secured Bank Product Providers of
Bank Products for the account of U.S. Domiciled Obligors and their Affiliates domiciled in the U.S. 
 “U.S.
Guaranties” the Amended and Restated ABL Guarantee and Collateral
Agreement and each other guaranty agreement executed by a U.S. Facility Guarantor in favor of Agent in order to guarantee the payment and/or performance of the U.S. Facility Obligations (including
without limitation this Agreement). 
 “U.S. Holdco” any existing or future Domestic Subsidiary the
Equity Interests of which are held solely by Foreign Subsidiaries (other than Foreign Subsidiaries organized under the laws of Germany,
the United Kingdom, Mexico, Canada (or any province or territory thereof) or the Netherlands (or any political subdivision thereof)), so long as such existing or newly formed Subsidiary does not
engage in any business or own any assets other than the ownership of Equity Interests in Foreign Subsidiaries and intercompany obligations that are otherwise permitted hereunder. 

“U.S. Inventory Formula Amount” (a) the lesser of (i) 70% of the Value of U.S. Eligible Inventory or (ii) 85%
of the NOLV Percentage of the Value of U.S. Eligible Inventory; plus (b) the lesser of (i) 70% of the Value of Eligible In-Transit Inventory owned by a U.S. Borrower, or (ii) 85% of the NOLV Percentage of
the Value of Eligible In-Transit Inventory owned by a U.S. Borrower; provided that notwithstanding anything to the contrary contained in this Agreement, prior to the date that the conditions set forth in
clause (b) of the definition of “Eligible In-Transit Inventory” are met, whether or not an Eligible In-Transit Inventory Trigger Period has occurred and
is continuing, the Inventory Formula Amount applicable to the Eligible In-Transit Inventory of all Borrowers shall not exceed an aggregate amount of $10,000,000 at any time. 

“U.S. Inventory Reserve” reserves established by Agent to reflect factors that may negatively impact the
Value of Inventory of the U.S. Borrowers, including change in salability, obsolescence, seasonality, theft, shrinkage, imbalance, change in composition or mix, markdowns and vendor chargebacks. 

“U.S. IP Assignment” a collateral assignment or security agreement pursuant to which a U.S. Facility Obligor
grants a Lien on its Intellectual Property to Agent, as security for (or given with the intent to secure) the U.S. Facility Obligations. 

  
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 “U.S. Issuing Bank” Bank of America (including any Lending
Office of Bank of America), any Affiliate thereof, or any replacement issuer appointed pursuant to Section 2.5 that agrees to issue U.S. Letters of Credit. 

“U.S. Issuing Bank Indemnitees” U.S. Issuing Bank and its officers, directors, employees, Affiliates, agents
and attorneys. 
 “U.S. LC Application” an application by Borrower Agent or a U.S. Borrower to U.S. Issuing
Bank for issuance of a U.S. Letter of Credit, in form and substance satisfactory to U.S. Issuing Bank and Agent. 

“U.S. LC Conditions” the following conditions necessary for issuance of a U.S. Letter of Credit: (a) each of
the conditions set forth in Section 6; (b) after giving effect to such issuance, total U.S. LC Obligations do not exceed the U.S. Letter of Credit Subline, no U.S. Overadvance exists and U.S. Revolver Usage does not exceed
the U.S. Borrowing Base; (c) the U.S. Letter of Credit and payments thereunder are denominated in Dollars or other currency satisfactory to Agent and U.S. Issuing Bank; and (d) the purpose and form of the proposed U.S. Letter of Credit are
satisfactory to Agent and U.S. Issuing Bank in their Permitted Discretion. 
 “U.S. LC Documents” all
documents, instruments and agreements (including U.S. LC Requests and U.S. LC Applications) delivered by Borrowers or any other Person to U.S. Issuing Bank or Agent in connection with any U.S. Letter of Credit. 

“U.S. LC Obligations” the sum of (a) all amounts owing by U.S. Borrowers for drawings under U.S. Letters
of Credit; and (b) the Stated Amount of all outstanding U.S. Letters of Credit. 
 “U.S. LC Request” a
request for issuance of a U.S. Letter of Credit, to be provided by Borrower Agent or a U.S. Borrower to U.S. Issuing Bank, in form satisfactory to Agent and U.S. Issuing Bank. 

“U.S. Lenders” Bank of America, each other lender party to this Agreement that has issued a U.S. Revolver
Commitment, U.S. Swingline Lender, and any Person who hereafter becomes a “Lender” with a U.S. Revolver Commitment pursuant to an Assignment, including any Lending Office of the foregoing. 

“U.S. Letter of Credit” any of the Existing Letters of Credit and any standby or documentary letter of
credit, foreign guaranty, documentary bankers acceptance or similar instrument issued by U.S. Issuing Bank for the account or benefit of a U.S. Borrower or Affiliate of a U.S. Borrower. 

“U.S. Letter of Credit Subline” the lesser of (a) the positive difference of (i) $20,000,000 less
(ii) the sum of all Canadian LC Obligations and UK LC Obligations and (b) the U.S. Revolver Commitments. 

“U.S. Mortgage” a mortgage, deed of trust, assignment of leases and rents, leasehold mortgage or other
security document granting a Lien on any Mortgaged Property to secure (or given with the intent to secure)
the U.S.
Facility Obligations. Each U.S. Mortgage shall be in form and substance reasonably satisfactory to
Agent. 
 “U.S. Obligor” any Obligor that is both a U.S. Domiciled Obligor and a U.S. Facility
Obligor. 
 “U.S. Overadvance” as defined in Section 2.1.5. 

“U.S. Overadvance Loan” a U.S. Base Rate Loan made to the U.S. Borrowers when an U.S. Overadvance exists or
is caused by the funding thereof. 

  
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 “U.S. Overadvance Loan Balance” on any date, the amount by
which the aggregate U.S. Revolver Loans of the U.S. Borrowers exceed the amount of the U.S. Borrowing Base on such date. 

“U.S. Pension Plan” any employee pension benefit plan (other than a Multiemployer Plan) subject to the
provisions of Title IV of ERISA or Section 412 of the Code or Section 302 of ERISA, and in respect of which the Parent Borrower or any ERISA Affiliate is (or, if such plan were terminated, would under Section 4069 of ERISA be deemed
to be) an “employer” as defined in Section 3(5) of ERISA. 
 “U.S. Person”
“United States Person” as defined in Section 7701(a)(30) of the Code. 
 “U.S. Protective
Advances” as defined in Section 2.1.6. 
 “U.S. Reimbursement Date” as
defined in Section 2.4.2. 
 “U.S. Rent and Charges Reserve” the aggregate of
(a) all past due rent and other amounts owing by a U.S. Borrower to any landlord, warehouseman, processor, repairman, mechanic, shipper, freight forwarder, broker or other Person who possesses any U.S. Facility Collateral or could assert a Lien
on any U.S. Facility Collateral; and (b) a reserve at least equal to two months’ rent and other charges that could be payable to any such Person, unless it has executed a Lien Waiver. 

“U.S. Revolver Commitment” for any U.S. Lender, its obligation to make U.S. Revolver Loans and to participate
in U.S. LC Obligations up to the maximum principal amount shown on Schedule 1.1(B), as hereafter modified pursuant to Section 2.1.4, Section 2.1.7, Section 2.1.8 or
an Assignment to which it is a party. “U.S. Revolver Commitments” means the aggregate amount of such commitments of all Lenders. 

“U.S. Revolver Loan” a loan made in Dollars by a U.S. Lender to a U.S. Borrower made pursuant to
Section 2.1, and any U.S. Swingline Loan, U.S. Overadvance Loan or U.S. Protective Advance. 

“U.S. Revolver Usage” (a) the aggregate amount of outstanding U.S. Revolver Loans; plus (b) the
aggregate Stated Amount of outstanding U.S. Letters of Credit, except to the extent Cash Collateralized by U.S. Borrowers. 

“U.S. Security Documents” the U.S. Guaranties,
the Amended and Restated ABL Guarantee and Collateral Agreement, the U.S.
Mortgages, the U.S. IP Assignments, the U.S. Deposit Account Control
Agreements, the Canadian Security Documents, the Dutch Security Documents, the German Security Documents, the UK Security
Documents, the Mexican Security Documents and all other documents, instruments and agreements now or hereafter securing (or given with the intent to secure) any U.S Facility Obligations. 

“U.S. Special Availability Block” means
$6,700,000.5,000,000. 
 “U.S. Subsidiary” each Subsidiary that is organized under
the laws of a jurisdiction of the United States of America or any State thereof or the District of Columbia. 

“U.S. Subsidiary Obligor” means any Subsidiary that is not (a) a Foreign Subsidiary (other than any
Foreign Subsidiary organized under the laws of Germany, the United Kingdom (or any political subdivision thereof) 
or, the Netherlands, Mexico or Canada (or any province or territory thereof), (b) a CFC (other than any CFC
organized under the laws of Germany, the United Kingdom (or any political subdivision
thereof) 
or, the Netherlands), Mexico
or Canada (or any province or territory thereof)), or (c) 

  
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a U.S. Holdco or (d) an Immaterial Subsidiary; provided,
that the Required Lenders, in their sole discretion, may at any time request any Foreign Subsidiary, CFC or U.S. Holdco to become a U.S. Subsidiary Obligor if such Foreign Subsidiary, CFC or U.S. Holdco has become a “Loan Party” under
the Senior Term Loan Documents. 
 “U.S. Swingline
Lender” Agent in its capacity as provider of U.S. Swingline Loans. 
 “U.S. Swingline Loan” any
Borrowing of U.S. Base Rate Loans funded with U.S. Swingline Lender’s funds, until such Borrowing is settled among U.S. Lenders or repaid by U.S. Borrowers. 

“U.S. Tax Compliance Certificate” as defined in Section 5.9.2(b)(iii). 

“Value” (a) for any particular type of Inventory (whether raw materials, work-in-process or finished goods), its value determined on the basis of the lower of cost or market, calculated on a first-in,
first-out basis, and excluding any portion of cost attributable to intercompany profit among Borrowers and their Affiliates; and (b) for an Account, its face amount, net of any returns, rebates, discounts
(calculated on the shortest terms), credits, allowances or Taxes (including sales, excise or other taxes) that have been or could be claimed by the Account Debtor or any other Person. 

“VAT” 

“(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. 

“VAT Recipient” as defined in Section 5.8.4. 

“VAT Relevant Party” as defined in Section 5.8.4. 

“VAT Supplier” as defined in Section 5.8.4. 

“Westfalia Acquisition” the acquisition of all Equity Interests of Westfalia-Automotive Holding GmbH, a
limited liability company organized under the laws of Germany, and TeIJs Holding B.V., a private company with limited liability organized under the laws of the Netherlands (collectively, the “Westfalia Group”), by Blitz K16-102 GmbH, a limited liability company organized under the laws of Germany, and the guarantee by Parent Borrower of the obligations of Blitz K16-102 GmbH, a limited
liability company organized under the laws of Germany, under the Westfalia Purchase Agreement, all pursuant to the Westfalia Purchase Agreement and all in accordance with the terms of the Westfalia Purchase Agreement without giving effect to any
amendment thereto. 
 “Westfalia Acquisition Closing Date” means October 4, 2016. 

“Westfalia Group” as defined in the definition of “Westfalia Acquisition”. 

“Westfalia Purchase Agreement” that certain Sale and Purchase Agreement, recorded in Munich on
August 24, 2016, by and among Parcom Deutschland I GmbH & Co. KG, a limited partnership organized under the laws of Germany, as a seller; Co-Investment Partners Europe L.P., a limited partnership
organized under the laws of the Cayman Islands, as a seller; Bayernlb Private Equity GmbH, a 

  
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limited liability company organized under the laws of Germany, as a seller; Walter Gnauert, an individual resident of Cavaion, Italy, as a seller; Dr. Bernd Welzel, an individual resident of
Bramsche, Germany, as a seller; Frank Klebedamz, an individual resident of Gladbeck, Germany, as a seller; Jurgen Lotter, an individual resident of Rosrath, Germany, as a seller; Westfalia Mitarbeiterbeteiligungs GmbH & Co. KG, a limited
partnership organized under the laws of Germany, as a seller; Blitz K16-102 GmbH, a limited liability company organized under the laws of Germany, as purchaser; and Parent Borrower, as guarantor. 

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

1.2        “Accounting Terms. Under the Loan Documents (except as
otherwise specified therein), all accounting terms shall be interpreted, all accounting determinations shall be made, and all financial statements shall be prepared, in accordance with GAAP applied on a basis consistent with the audited financial
statements of Borrowers delivered to Agent with respect to the Fiscal Year ending on December 31, 2014 and using the same inventory valuation method as used in such financial statements, except for any change required or permitted by GAAP if
Borrowers’ certified public accountants concur in such change, the change is disclosed to Agent, and all relevant provisions of the Loan Documents are amended in a manner satisfactory to Required Lenders to take into account the effects of the
change. 
 1.3        Uniform Commercial Code/PPSA. As used herein,
the following terms are defined in accordance with the UCC in effect in the State of New York from time to time: “Chattel Paper,” “Commercial Tort Claim,” “Equipment,” “Goods,” “Instrument” and
“Investment Property”; provided, however, that (a) as such terms relate to any such Property of any Canadian Domiciled Obligor, such terms shall refer to such Property as defined in the PPSA, to the extent applicable and (b) as
such terms relate to any such Property encumbered by or to be encumbered by a Mexican Security Document, such terms shall have the meanings assigned to them in such Mexican Security Document, to the extent applicable. In addition, other terms
relating to Collateral used and not otherwise defined herein that are defined in the UCC or the PPSA shall have the meanings set forth in the UCC or the PPSA, as applicable and as the context requires. 

1.4        Certain Matters of Construction. The terms
“herein,” “hereof,” “hereunder” and other words of similar import refer to this Agreement as a whole and not to any particular section, paragraph or subdivision. Any pronoun used shall be deemed to cover all genders. In
the computation of periods of time from a specified date to a later specified date, “from” means “from and including,” and “to” and “until” each mean “to but excluding.” The terms
“including” and “include” shall mean “including, without limitation” and, for purposes of each Loan Document, the parties agree that the rule of ejusdem generis shall not be applicable to limit any provision.
Section titles appear as a matter of convenience only and shall not affect the interpretation of any Loan Document. All references to (a) laws include all related regulations, interpretations, supplements, amendments and successor provisions;
(b) any document, instrument or agreement include any amendments, waivers and other modifications, extensions or renewals (to the extent permitted by the Loan Documents); (c) any section mean, unless the context otherwise requires, a section of
this Agreement; (d) any exhibits or schedules mean, unless the context otherwise requires, exhibits and schedules attached hereto, which are hereby incorporated by reference; (e) any Person include successors and assigns; or (f) time of
day mean time of day at Agent’s notice 

  
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address under Section 14.3.1. All determinations (including calculations of the Total Borrowing Base, each component of the Total Borrowing Base and financial covenants)
made from time to time under the Loan Documents shall be made in light of the circumstances existing at such time. Borrowing Base calculations shall be consistent with historical methods of valuation and calculation, and otherwise satisfactory to
Agent (and not necessarily calculated in accordance with GAAP). Borrowers shall have the burden of establishing any alleged negligence, misconduct or lack of good faith by Agent, any Security Trustee, Issuing Bank or any Lender under any Loan
Documents. No provision of any Loan Documents shall be construed against any party by reason of such party having, or being deemed to have, drafted the provision. Reference to a Borrower’s “knowledge” or similar concept means actual
knowledge of a Senior Officer, or knowledge that a Senior Officer would have obtained if he or she had engaged in good faith and diligent performance of his or her duties, including reasonably specific inquiries of employees or agents and a good
faith attempt to ascertain the matter. 
 1.5        Currency
Equivalents. 
 1.5.1    Calculations. All references in the Loan Documents to Loans,
Letters of Credit, Obligations, Borrowing Base components and other amounts shall be denominated in Dollars, unless expressly provided otherwise. The Dollar Equivalent of any amounts denominated or reported under a Loan Document in a currency other
than Dollars shall be determined by Agent on a daily basis, based on the current Spot Rate. Borrowers shall report Value and other Borrowing Base components to Agent in the currency invoiced by Borrowers or shown in Borrowers’ financial
records, and unless expressly provided otherwise, shall deliver financial statements and calculate financial covenants in Dollars. Notwithstanding anything herein to the contrary, if any Obligation is funded and expressly denominated in a currency
other than Dollars, Borrowers shall repay such Obligation in such other currency. 

1.5.2    Judgments. If, for purposes of obtaining judgment in any court, it is necessary to
convert a sum from the currency provided under a Loan Document (“Agreement Currency”) into another currency, the Spot Rate shall be used as the rate of exchange. Notwithstanding any judgment in a currency (“Judgment
Currency”) other than the Agreement Currency, Obligors shall discharge their obligations in respect of any sum due under a Loan Document only if, on the Business Day following receipt by Secured Parties or Security Trustees of payment in
the Judgment Currency, such Secured Parties or such Security Trustees, as applicable, 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, Obligors agree,
as a separate obligation and notwithstanding any such judgment, to indemnify such Secured Parties and Security Trustees against such loss. If the purchased amount is greater than the sum originally due, Secured Parties or Security Trustees, as
applicable, shall return the excess amount to Obligors (or to the Person legally entitled thereto). The covenants contained in this Section 1.5.2 shall survive the Full Payment of the Obligations. 

1.6        Interpretation (Québec). For purposes of any
Collateral located in the Province of Québec or charged by any Deed of Movable Hypothec (or any other Loan Document) and for all other purposes pursuant to which the interpretation or construction of a Loan Document may be subject to the laws
of the Province of Québec or a court or tribunal exercising jurisdiction in the Province of Québec, (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, (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 

  
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 “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)
“servitude” shall be deemed to include “easement”, (p) “priority” shall be deemed to include “prior claim”, (q) “survey” shall be deemed to include “certificate of location and plan”, and (r) “fee simple title”
shall be deemed to include “absolute ownership”, and (s) “foreclosure” shall be deemed to include “absolute
ownershipthe “exercise of a hypothecary right”. 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 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 la langue anglaise seulement (sauf si une autre langue est requise en vertu d’une loi
applicable). 
 SECTION 2 

CREDIT FACILITIES 

2.1        Revolver Commitment. 

2.1.1             Revolver Loans. 

(a)        Canadian Revolver Loans. Each Canadian Lender
agrees, severally on a Pro Rata basis up to its Canadian Revolver Commitment, on the terms set forth herein, to make Canadian Revolver Loans to Canadian Borrower from time to time through the Canadian Commitment Termination Date. The Canadian
Revolver Loans may be repaid and reborrowed as provided herein. In no event shall Canadian Lenders have any obligation to honor a request for a Canadian Revolver Loan if Canadian Revolver Usage at such time plus the requested Canadian Revolver Loan
would exceed the Canadian Borrowing Base. 
 (b)        UK
Revolver Loans. Each UK Lender agrees, severally on a Pro Rata basis up to its UK Revolver Commitment, on the terms set forth herein, to make UK Revolver Loans to UK Borrower from time to time through the UK Commitment Termination Date. The UK
Revolver Loans may be repaid and reborrowed as provided herein. In no event shall UK Lenders have any obligation to honor a request for a UK Revolver Loan if UK Revolver Usage at such time plus the requested UK Revolver Loan would exceed the UK
Borrowing Base. 
 (c)        U.S. Revolver Loans.
Immediately prior to the effectiveness of this Agreement, the outstanding principal balance of the “Revolver Loans” as of the date hereof made under the Original Loan Agreement was $0.00 (the “Outstanding Original Revolver Loan
Balance”). Immediately upon giving effect to this Agreement, the Outstanding Original Revolver Loan Balance shall be continued and shall convert automatically, for all purposes of this Agreement, to outstanding U.S. Revolver Loans hereunder
owing to the U.S. Lenders as if such U.S. Revolver Loans had been made by the U.S. Lenders to U.S. Borrowers hereunder on a Pro Rata basis in accordance with their respective U.S. Revolver Commitments. Each U.S. Lender agrees, severally on a Pro
Rata basis up to its U.S. Revolver Commitment, on the terms set forth 

  
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 herein, to make U.S. Revolver Loans to U.S. Borrowers from time to time
through the U.S. Commitment Termination Date. The U.S. Revolver Loans may be repaid and reborrowed as provided herein. In no event shall U.S. Lenders have any obligation to honor a request for a U.S. Revolver Loan if U.S. Revolver Usage at such time
plus the requested U.S. Revolver Loan would exceed the U.S. Borrowing Base. 

(d)        Cap on Total Revolver Usage. Notwithstanding
anything to the contrary contained in this Section 2.1.1, in no event shall any Borrower be entitled to receive a Revolver Loan if at the time of the proposed funding of such Revolver Loan (and after giving effect thereto
and all pending requests for Revolver Loans), the Total Revolver Usage exceeds (or would exceed) the Commitments. 

2.1.2        Notes. Loans and interest accruing thereon shall be evidenced by
the records of Agent and the applicable Lender. At the request of a Lender, Borrowers within the Borrower Group to which such Lender has extended a Commitment shall deliver promissory note(s) to such Lender, evidencing its Loan(s), in the amount of
such Lender’s Commitment to such Borrower Group. 
 2.1.3        Use of
Proceeds. The proceeds of Revolver Loans shall be used by Borrowers solely (a) to satisfy existing Debt; (b) to pay fees and transaction expenses associated with the closing of this credit facility; (c) to pay Obligations in
accordance with this Agreement; and (d) for lawful corporate purposes of Borrowers, including working capital. 

2.1.4         Voluntary Reduction or Termination of Revolver Commitments. 

(a)        The Canadian Revolver Commitments shall terminate on the
Canadian Commitment Termination Date. Upon at least 90 days prior written notice to Agent from Borrower Agent at any time after the first Loan Year, Canadian Borrower may, at its option, terminate the Canadian Revolver Commitments. On the Canadian
Commitment Termination Date, Canadian Borrower shall make Full Payment of all Canadian Facility Obligations. 

(b)        The UK Revolver Commitments shall terminate on the UK
Commitment Termination Date. Upon at least 90 days prior written notice to Agent from Borrower Agent at any time after the first Loan Year, UK Borrower may, at its option, terminate the UK Revolver Commitments. On the UK Commitment Termination Date,
UK Borrower shall make Full Payment of all UK Facility Obligations. 

(c)        The U.S. Revolver Commitments shall terminate on the U.S.
Commitment Termination Date. Upon at least 90 days prior written notice to Agent from Borrower Agent at any time after the first Loan Year, U.S. Borrowers may, at their option, terminate the U.S. Revolver Commitments and this credit facility. If the
U.S. Borrowers elect to terminate the U.S. Revolver Commitments pursuant to the previous sentence, the Foreign Revolver Commitments shall automatically terminate concurrently with the termination of the U.S. Revolver Commitments. On the U.S.
Commitment Termination Date, U.S. Borrowers shall make Full Payment of all U.S. Facility Obligations. 

(d)        Any notice of termination given by Borrower Agent shall be
irrevocable. 
 (e)        Borrowers may permanently reduce the
Revolver Commitments, on a ratable basis for all Lenders, upon at least 90 days prior written notice from Borrower Agent to Agent delivered at any time after the first Loan Year, which notice shall (i) specify the amount of the reduction,
(ii) specify the allocation of the reduction to, and the corresponding reductions of, 

  
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 each Foreign Revolver Commitment and/or the U.S. Revolver Commitment (each
of which shall be allocated to the Lenders among the affected Borrower Groups on a ratable basis at the time of such reduction) and (iii) be irrevocable once given. Each reduction shall be in a minimum amount of $5,000,000, or an increment of
$1,000,000 in excess thereof; provided that in no event may any reduction of a Borrower Group Commitment be made pursuant to this Section 2.1.4(e) if, after giving effect thereto, the U.S. Revolver Commitments would
be less than 75% of the Commitments. 
 2.1.5         Overadvances. 

(a)        Canadian Overadvances. If Canadian Revolver Usage
exceeds the Canadian Borrowing Base (a “Canadian Overadvance”) at any time (whether as a result of fluctuations in Spot Rates or otherwise), the excess amount shall be payable by the Canadian Borrower on demand by Agent, but
all such Canadian Revolver Loans shall nevertheless constitute Canadian Facility Obligations secured by
the Canadian
Facility Collateral and entitled to all benefits of the Loan Documents. 

(b)        UK Overadvances. If UK Revolver Usage exceeds the
UK Borrowing Base (a “UK Overadvance”) at any time (whether as a result of fluctuations in Spot Rates or otherwise), the excess amount shall be payable by the UK Borrower on demand by Agent, but all such UK Revolver Loans
shall nevertheless constitute UK Facility Obligations secured by the UK Facility Collateral and entitled to all benefits of the Loan Documents. 

(c)        U.S. Overadvances. If U.S. Revolver Usage exceeds
the U.S. Borrowing Base (a “U.S. Overadvance”) at any time, the excess amount shall be payable by the U.S. Borrowers on demand by Agent, but all such U.S. Revolver Loans shall nevertheless constitute U.S. Facility Obligations
secured by the U.S. Facility Collateral and entitled to all benefits of the Loan Documents. 

(d)        Funding of Overadvance Loans. Agent may require
Applicable Lenders to honor requests for Overadvance Loans and to forbear from requiring the applicable Borrower(s) to cure an Overadvance, (a) when no other Event of Default is known to 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), and (ii) (A) if a Canadian Overadvance, such Overadvance, when combined with
all Canadian Protective Advances and all other Canadian Overadvances existing at such time, is not known by Agent to exceed 10% of the Canadian Borrowing Base, (B) if a UK Overadvance, such Overadvance, when combined with all UK Protective
Advances and all other UK Overadvances existing at such time, is not known by Agent to exceed 10% of the UK Borrowing Base or (C) if a U.S. Overadvance, such Overadvance, when combined with all U.S. Protective Advances and all other U.S.
Overadvances existing at such time, is not known by Agent to exceed 10% of the U.S. Borrowing Base; and (b) regardless of whether an Event of Default exists, if Agent discovers an Overadvance not previously known by it to exist, as long as from
the date of such discovery the Overadvance does not continue for more than 30 consecutive days. Required Lenders may at any time revoke Agent’s authority under the immediately preceding sentence to require Lenders to honor requests for
Overadvance Loans and to forbear from requiring the applicable Borrowers to cure an Overadvance by written notice to Agent. In no event shall Overadvance Loans be required that would cause (A) Canadian Revolver Usage to exceed the aggregate
Canadian Revolver Commitments, (B) the UK Revolver Usage to exceed the aggregate UK Revolver Commitments or (C) the U.S. Revolver Usage to exceed the 

  
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 aggregate U.S. Revolver Commitments. Any funding of an Overadvance Loan or
sufferance of an Overadvance shall not constitute a waiver by Agent or Lenders of the Event of Default caused thereby. In no event shall any Borrower or other Obligor be deemed a beneficiary of this Section nor authorized to enforce any of its
terms. 
 2.1.6         Protective Advances. 

(a)        Canadian Protective Advances. Agent shall be
authorized, in its discretion, at any time that any conditions in Section 6 are not satisfied, to make Canadian Base Rate Loans or Canadian Prime Rate Loans to Canadian Borrower (as applicable, through its Canadian Lending
Office, branch or Affiliate) (“Canadian Protective Advances”) (i) up to an aggregate amount, when combined with all Canadian Overadvances and all other Canadian Protective Advances, of 10% of the Canadian Borrowing Base outstanding
at any time, if Agent deems such Loans necessary or desirable to preserve or protect Canadian Facility Collateral, or to enhance the collectability or repayment of the Canadian Facility Obligations, as long as such Loans do not cause Canadian
Revolver Usage to exceed the Canadian Borrowing Base; or (ii) to pay any other amounts chargeable to Canadian Facility Obligors under any of the Loan Documents, including interest, costs, fees and expenses. Canadian Lenders shall participate on
a Pro Rata basis in Canadian Protective Advances outstanding from time to time. Required Lenders may at any time revoke Agent’s authority to make further Canadian Protective Advances under clause (i) by written notice to Agent. Absent such
revocation, Agent’s determination that funding of a Canadian Protective Advance is appropriate shall be conclusive. All Canadian Protective Advances shall be Canadian Facility Obligations, secured by the Canadian
Facility Collateral and, if denominated in Canadian Dollars, shall be treated for all purposes as a
Canadian Prime Rate Loan or, if denominated in Dollars, shall be treated for all purposes as a Canadian Base Rate Loan. 

(b)        UK Protective Advances. Agent shall be authorized,
in its discretion, at any time that any conditions in Section 6 are not satisfied, to make UK Base Rate Loans to UK Borrower (“UK Protective Advances”) (i) up to an aggregate amount, when combined with all
UK Overadvances and all other UK Protective Advances, of 10% of the UK Borrowing Base outstanding at any time, if Agent deems such Loans necessary or desirable to preserve or protect UK Facility Collateral, or to enhance the collectability or
repayment of the UK Facility Obligations, as long as such Loans do not cause UK Revolver Usage to exceed the UK Borrowing Base; or (ii) to pay any other amounts chargeable to UK Facility Obligors under any of the Loan Documents, including
interest, costs, fees and expenses. UK Lenders shall participate on a Pro Rata basis in UK Protective Advances outstanding from time to time. Required Lenders may at any time revoke Agent’s authority to make further UK Protective Advances under
clause (i) by written notice to Agent. Absent such revocation, Agent’s determination that funding of a UK Protective Advance is appropriate shall be conclusive. All UK Protective Advances shall be UK Facility Obligations and secured by the UK
Facility Collateral. 

(c)        U.S. Protective Advances. Agent shall be
authorized, in its discretion, at any time that any conditions in Section 6 are not satisfied, to make U.S. Base Rate Loans to U.S. Borrowers (“U.S. Protective Advances”) (i) up to an aggregate amount, when
combined with all U.S. Overadvances and all other U.S. Protective Advances, of 10% of the U.S. Borrowing Base outstanding at any time, if Agent deems such Loans necessary or desirable to preserve or protect U.S. Facility Collateral, or to enhance
the collectability or repayment of the U.S. Facility Obligations, as long as such Loans do not cause U.S. Revolver Usage to exceed the U.S. 

  
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 Borrowing Base; or (ii) to pay any other amounts chargeable to U.S.
Facility Obligors under any of the Loan Documents, including interest, costs, fees and expenses. U.S. Lenders shall participate on a Pro Rata basis in U.S. Protective Advances outstanding from time to time. Required Lenders may at any time revoke
Agent’s authority to make further U.S. Protective Advances under clause (i) by written notice to Agent. Absent such revocation, Agent’s determination that funding of a U.S. Protective Advance is appropriate shall be conclusive. All
U.S. Protective Advances shall be U.S. Facility Obligations and secured by the U.S.
Facility Collateral. 
 2.1.7
        Reallocation of Revolver Commitments. 

(a)        Reallocation Mechanism. Subject to the terms and
conditions of this Section 2.1.7, the Borrower Agent may request that the Lenders to certain Borrower Groups (and such Lenders hereby agree to) change the then current allocation of each such Lender’s (and, if
applicable, each of its Affiliate’s and branch’s) Commitments among the Borrower Group Commitments in order to effect an increase or decrease to particular Borrower Group Commitments, with any such increase or decrease in a Borrower Group
Commitment to be accompanied by a concurrent and equal decrease or increase, respectively, in the other Borrower Group Commitments (each, a “Reallocation”). Any such Reallocation shall be subject to the following conditions:
(i) the Borrower Agent shall have provided to Agent a written request (in reasonable detail) at least ten (10) Business Days prior to the requested effective date therefor (which effective date must be a Business Day) (the
“Reallocation Date”) setting forth the proposed Reallocation Date and the amounts of the proposed Borrower Group Commitment reallocations to be effected, (ii) any such Reallocation shall increase or decrease the applicable
Borrower Group Commitments in an amount equal to $2,500,000 and in increments of $500,000 in excess thereof, (iii) after giving effect to any such Reallocation (A) the U.S. Revolver Commitments shall be at least 75% of the Commitments and
(B) the UK Revolver Commitments shall in no event exceed $10,000,000, (iv) no more than one Reallocation may be requested in any Fiscal Quarter, (v) no Default or Event of Default shall have occurred and be continuing either as of the date
of such request or on the Reallocation Date (both immediately before and after giving effect to such Reallocation), (vi) any increase in a Borrower Group Commitment shall result in a
dollar-for-dollar decrease in one or more of the other Borrower Group Commitments, and any decrease in a Borrower Group Commitment pursuant to this
Section 2.1.7 shall result in a dollar-for-dollar increase in one or more of the other Borrower Group Commitments, (vii) in no event shall
the sum of all the Borrower Group Commitments exceed the aggregate amount of the Commitments then in effect, (viii) after giving effect to such Reallocation, no Overadvance would exist or would result therefrom, and (ix) at least three
(3) Business Days prior to the proposed Reallocation Date, a Senior Officer of the Borrower Agent shall have delivered to Agent a certificate in form and substance acceptable to Agent certifying as to compliance with the foregoing conditions
and demonstrating (in reasonable detail) the calculations required in connection therewith, which certificate shall be deemed recertified to Agent by a Senior Officer of the Borrower Agent on and as of the Reallocation Date. 

(b)        Reallocations Generally. Agent shall promptly
inform the Lenders of the affected Borrower Groups of any request for a Reallocation. On the Reallocation Date, each Lender’s affected Borrower Group Commitments shall be increased or decreased on a pro rata basis based on the affected Borrower
Group Commitments of the Lenders. If the conditions set forth in Section 2.1.7(a) are not satisfied on the applicable Reallocation Date (or, to the extent such conditions relate to an earlier date, on such earlier date),
Agent shall notify the Borrower Agent in writing that the requested Reallocation will not be effectuated; provided that Agent shall 

  
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 in all cases be entitled to rely (without liability) on the certificate
delivered by the Borrower Agent pursuant to Section 2.1.7(a) in making its determination as to the satisfaction of the conditions set forth in Section 2.1.7(a). On each Reallocation Date, Agent
shall notify the Lenders of the affected Borrower Groups and the Borrower Agent, on or before 3:00 p.m. (Eastern time) by facsimile, e-mail or other electronic means, of the occurrence of the Reallocation to
be effected on such Reallocation Date, the amount of the Loans held by each such Lender as a result thereof and the amount of the affected Borrower Group Commitments of each such Lender as a result thereof. To the extent necessary where a Lender in
one Borrower Group and its separate Affiliate or branch that is a Lender in another Borrower Group are participating in a Reallocation, the Reallocation among such Persons shall be deemed to have been consummated pursuant to an Assignment. The
respective Pro Rata shares of the Lenders shall thereafter be determined based on such reallocated amounts (subject to any subsequent changes thereto in accordance with this Agreement), and Agent and the affected Lenders shall make such adjustments
as Agent shall deem necessary so that the outstanding Loans and LC Obligations of each Lender equals its Pro Rata share thereof after giving effect to the Reallocation. 

2.1.8        Increase in U.S. Revolver Commitments. U.S. Borrowers may request
an increase in U.S. Revolver Commitments from time to time upon notice to Agent, as long as (a) the requested increase is in a minimum amount of $10,000,000 and is offered on the same terms as existing U.S. Revolver Commitments, except for a
closing fee specified by U.S. Borrowers, (b) increases under this Section 2.1.8 do not exceed $25,000,000 in the aggregate and no more than five (5) increases are made, (c) no reduction in Commitments
pursuant to Section 2.1.4 has occurred prior to the requested increase, (d) the requested increase does not cause the Commitments to exceed 90% of any applicable cap under any Subordinated Debt agreement, (e) the
requested increase does not cause the Commitments to exceed 90% of any applicable cap contained in the Term Loan Documents (excluding the effect of any provision permitting Revolver Loans or Letters of Credit in amounts exceeding any expressed
dollar cap in reliance upon the Borrowing Base), and (f) the Obligors deliver such resolutions, acknowledgements, and reaffirmations as are requested by the Agent in connection with such increase. Agent shall promptly notify U.S. Lenders of the
requested increase and, within ten (10) Business Days thereafter, each U.S. Lender shall notify Agent if and to what extent such U.S. Lender commits to increase its U.S. Revolver Commitment. Any U.S. Lender not responding within such period
shall be deemed to have declined an increase. If U.S. Lenders fail to commit to the full requested increase, other Lenders or Eligible Assignees may issue additional U.S. Revolver Commitments and become U.S. Lenders hereunder. Agent may allocate, in
its discretion, the increased U.S. Revolver Commitments among committing U.S. Lenders and, if necessary, other Lenders and Eligible Assignees. Provided the conditions set forth in Section 6.2 are satisfied, total U.S.
Revolver Commitments shall be increased by the requested amount (or such lesser amount committed by U.S. Lenders, other Lenders and Eligible Assignees) on a date agreed upon by Agent and Borrower Agent, but no later than 45 days following U.S.
Borrowers’ increase request. Agent, Obligors, and new and existing Lenders shall execute and deliver such documents and agreements as Agent deems appropriate to evidence the increase in and allocations of U.S. Revolver Commitments. On the
effective date of an increase, the U.S. Revolver Usage and other exposures under the U.S. Revolver Commitments shall be reallocated among U.S. Lenders, and settled by Agent if necessary, in accordance with U.S. Lenders’ adjusted shares of such
Commitments. 
 2.2         Canadian Letter of Credit Facility. 

2.2.1        Issuance of Canadian Letters of Credit. Canadian Issuing Bank
shall issue Canadian Letters of Credit in Canadian Dollars or, at the option of Canadian Borrower, Dollars, or any other currency acceptable to Agent and Canadian Issuing Bank, from time to time until 30 days prior to 

  
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 the Revolver Termination Date (or until the Canadian Commitment Termination Date, if
earlier), on the terms set forth herein, including the following: 

(a)        Canadian Borrower acknowledges that Canadian Issuing
Bank’s issuance of any Canadian Letter of Credit is conditioned upon Canadian Issuing Bank’s receipt of a Canadian LC Application with respect to the requested Canadian Letter of Credit, as well as such other instruments and agreements as
Canadian Issuing Bank may customarily require for issuance of a letter of credit of similar type and amount. Canadian Issuing Bank shall have no obligation to issue any Canadian Letter of Credit unless (i) Canadian Issuing Bank receives a
Canadian LC Request and Canadian LC Application at least three Business Days prior to the requested date of issuance; (ii) each Canadian LC Condition is satisfied; and (iii) if a Defaulting Lender exists that is a Canadian Lender, such
Canadian Lender or Canadian Borrower has entered into arrangements satisfactory to Agent and Canadian Issuing Bank to eliminate any Fronting Exposure associated with such Canadian Lender. If, in sufficient time to act, Canadian Issuing Bank receives
written notice from Agent or Required Lenders that a Canadian LC Condition has not been satisfied, Canadian Issuing Bank shall not issue the requested Canadian Letter of Credit. Prior to receipt of any such notice, Canadian Issuing Bank shall not be
deemed to have knowledge of any failure of Canadian LC Conditions. 

(b)        Canadian Letters of Credit may be requested by Canadian
Borrower to support obligations incurred in the Ordinary Course of Business, or as otherwise approved by Agent. Increase, renewal or extension of a Canadian Letter of Credit shall be treated as issuance of a new Canadian Letter of Credit, except
that Canadian Issuing Bank may require a new Canadian LC Application in its discretion. 

(c)        Canadian Borrower assumes all risks of the acts, omissions
or misuses of any Canadian Letter of Credit by the beneficiary. In connection with issuance of any Canadian Letter of Credit, none of Agent, Canadian Issuing Bank or any Canadian Lender shall be responsible for the existence, character, quality,
quantity, condition, packing, value or delivery of any goods purported to be represented by any Documents; any differences or variation in the character, quality, quantity, condition, packing, value or delivery of any goods from that expressed in
any Documents; the form, validity, sufficiency, accuracy, genuineness or legal effect of any Documents or of any endorsements thereon; the time, place, manner or order in which shipment of goods is made; partial or incomplete shipment of, or failure
to ship, any goods referred to in a Canadian Letter of Credit or Document; any deviation from instructions, delay, default or fraud by any shipper or other Person in connection with any goods, shipment or delivery; any breach of contract between a
shipper or vendor and Canadian Borrower; errors, omissions, interruptions or delays in transmission or delivery of any messages, by mail, cable, telegraph, telex, telecopy, e-mail, telephone or otherwise;
errors in interpretation of technical terms; the misapplication by a beneficiary of any Canadian Letter of Credit or the proceeds thereof; or any consequences arising from causes beyond the control of Canadian Issuing Bank, Agent or any Canadian
Lender, including any act or omission of a Governmental Authority. The rights and remedies of Canadian Issuing Bank under the Loan Documents shall be cumulative. Canadian Issuing Bank shall be fully subrogated to the rights and remedies of each
beneficiary whose claims against Canadian Borrower are discharged with proceeds of any Canadian Letter of Credit. 

(d)        In connection with its administration of and enforcement
of rights or remedies under any Canadian Letters of Credit or Canadian LC Documents, Canadian Issuing Bank shall be entitled to act, and shall be fully protected in acting, upon any certification, 

  
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 documentation or communication in whatever form believed by Canadian Issuing
Bank, in good faith, to be genuine and correct and to have been signed, sent or made by a proper Person. Canadian Issuing Bank may consult with and employ legal counsel, accountants and other experts to advise it concerning its obligations, rights
and remedies, and shall be entitled to act upon, and shall be fully protected in any action taken in good faith reliance upon, any advice given by such experts. Canadian Issuing Bank may employ agents and attorneys-in-fact in connection with any matter relating to Canadian Letters of Credit or Canadian LC Documents, and shall not be liable for the negligence or misconduct of agents and attorneys-in-fact selected with reasonable care. 

2.2.2         Canadian Letter of Credit Reimbursement; Canadian
Participations. 
 (a)        If Canadian Issuing Bank honors
any request for payment under a Canadian Letter of Credit, Canadian Borrower shall pay to Canadian Issuing Bank, on the same day (“Canadian Reimbursement Date”), the amount paid by Canadian Issuing Bank under such Canadian Letter of
Credit, together with interest at the interest rate for Canadian Prime Rate Loans (if the Canadian Letter of Credit was denominated in Canadian Dollars) and Canadian Base Rate Loans (if the Canadian Letter of Credit was denominated in Dollars) from
the Canadian Reimbursement Date until payment by Canadian Borrower. The obligation of Canadian Borrower to reimburse Canadian Issuing Bank for any payment made under a Canadian Letter of Credit shall be absolute, unconditional, irrevocable, and
joint and several, and shall be paid without regard to any lack of validity or enforceability of any Canadian Letter of Credit or the existence of any claim, setoff, defense or other right that Canadian Borrower may have at any time against the
beneficiary. Whether or not Borrower Agent submits a Notice of Borrowing, Canadian Borrower shall be deemed to have requested a Borrowing of Canadian Prime Rate Loans or Canadian Base Rate Loans, as applicable, in an amount necessary to pay all
amounts due Canadian Issuing Bank in the currency in which the underlying Canadian Letter of Credit was issued on any Canadian Reimbursement Date and each Canadian Lender shall fund its Pro Rata share of such Borrowing whether or not the Canadian
Revolver Commitments have terminated, an Overadvance exists or is created thereby, or the conditions in Section 6 are satisfied. 

(b)        Each Canadian Lender hereby irrevocably and
unconditionally purchases from Canadian Issuing Bank, without recourse or warranty, an undivided Pro Rata participation in all Canadian LC Obligations outstanding from time to time. Canadian Issuing Bank is issuing Canadian Letters of Credit in
reliance upon this participation. If Canadian Borrower does not make a payment to Canadian Issuing Bank when due hereunder, Agent shall promptly notify Canadian Lenders and each Canadian Lender shall within one Business Day after such notice pay to
Agent, for the benefit of Canadian Issuing Bank, such Canadian Lender’s Pro Rata share of such payment. Upon request by a Canadian Lender, Canadian Issuing Bank shall provide copies of Canadian Letters of Credit and Canadian LC Documents in its
possession at such time. 
 (c)        The obligation of each
Canadian Lender to make payments to Agent for the account of Canadian Issuing Bank in connection with Canadian Issuing Bank’s payment under a Canadian Letter of Credit shall be absolute, unconditional and irrevocable, not subject to any
counterclaim, setoff, qualification or exception whatsoever, and shall be made in accordance with this Agreement under all circumstances, irrespective of any lack of validity or unenforceability of any Loan Documents; any draft, certificate or other
document presented under a Canadian Letter of Credit having been determined to be forged, fraudulent, noncompliant, invalid or insufficient in any respect or any statement therein being untrue or inaccurate in any respect; any waiver by Canadian
Issuing Bank of a requirement that exists for its protection (and 

  
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 not Canadian Borrower’s protection) or that does not materially
prejudice Canadian Borrower; any honor of an electronic demand for payment even if a draft is required; any payment of an item presented after a Canadian Letter of Credit’s expiration date if authorized by applicable customs or practices; or
any setoff or defense that a Canadian Facility Obligor may have with respect to any Canadian
Facility Obligations. Canadian Issuing Bank does not assume any responsibility for any failure or delay
in performance or any breach by Canadian Borrower or other Person of any obligations under any Canadian LC Documents. Canadian Issuing Bank does not make to Canadian Lenders any express or implied warranty, representation or guaranty with respect to
any Canadian Letter of Credit, Canadian Facility Collateral, Canadian LC Document or Canadian Facility Obligor. Canadian Issuing Bank shall not be responsible to any Canadian Lender for any recitals, statements, information, representations or warranties
contained in, or for the execution, validity, genuineness, effectiveness or enforceability of any Canadian LC Documents; the validity, genuineness, enforceability, collectability, value or sufficiency of any Canadian Facility Collateral or the
perfection of any Lien therein; or the assets, liabilities, financial condition, results of operations, business, creditworthiness or legal status of any Canadian
Facility Obligor. 

(d)        No Canadian Issuing Bank Indemnitee shall be liable to any
Canadian Lender or other Person for any action taken or omitted to be taken in connection with any Canadian Letter of Credit or Canadian LC Document except as a result of its gross negligence or willful misconduct. Canadian Issuing Bank may refrain
from taking any action with respect to a Canadian Letter of Credit until it receives written instructions (and in its discretion, appropriate assurances) from the Canadian Lenders. 

2.2.3        Canadian Letter of Credit Cash Collateral. Subject to
Section 2.1.5, if at any time (a) an Event of Default exists, (b) the Canadian Commitment Termination Date has occurred, or (c) the Revolver Termination Date is scheduled to occur within 20 Business Days,
then Canadian Borrower shall, at Canadian Issuing Bank’s or Agent’s request, Cash Collateralize all outstanding Canadian Letters of Credit. Canadian Borrower shall, at Canadian Issuing Bank’s or Agent’s request at any time, Cash
Collateralize the Fronting Exposure of any Defaulting Lender that is a Canadian Lender. If as a result of fluctuations in Spot Rates or otherwise the Dollar Equivalent of the Canadian LC Obligations exceeds the Canadian Letter of Credit Subline, the
excess amount shall be payable by the Canadian Borrower within three (3) Business Days following demand by Agent or the Canadian Issuing Bank. If Canadian Borrower fails to provide any Cash Collateral as required hereunder, Canadian Lenders may
(and shall upon direction of Agent) advance, as Canadian Revolver Loans, the amount of Cash Collateral required (whether or not the Canadian Revolver Commitments have terminated, a Overadvance exists or the conditions in
Section 6 are satisfied). 
 2.3         UK Letter
of Credit Facility. 
 2.3.1         Issuance of UK Letters of
Credit. UK Issuing Bank shall issue UK Letters of Credit in Sterling or, at the option of the UK Borrower, Dollars or Euros, or any other currency acceptable to Agent and UK Issuing Bank, from time to time until 30 days prior to the Revolver
Termination Date (or until the UK Commitment Termination Date, if earlier), on the terms set forth herein, including the following: 

(a)        UK Borrower acknowledges that UK Issuing Bank’s
issuance of any UK Letter of Credit is conditioned upon UK Issuing Bank’s receipt of a UK LC Application with respect to the requested UK Letter of Credit, as well as such other instruments and agreements as UK Issuing Bank may customarily
require for issuance of a letter of credit of similar type and 

  
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 amount. UK Issuing Bank shall have no obligation to issue any UK Letter of
Credit unless (i) UK Issuing Bank receives a UK LC Request and UK LC Application at least three Business Days prior to the requested date of issuance; (ii) each UK LC Condition is satisfied; and (iii) if a Defaulting Lender exists
that is a UK Lender, such UK Lender or UK Borrower has entered into arrangements satisfactory to Agent and UK Issuing Bank to eliminate any Fronting Exposure associated with such UK Lender. If, in sufficient time to act, UK Issuing Bank receives
written notice from Agent or Required Lenders that a UK LC Condition has not been satisfied, UK Issuing Bank shall not issue the requested UK Letter of Credit. Prior to receipt of any such notice, UK Issuing Bank shall not be deemed to have
knowledge of any failure of UK LC Conditions. 
 (b)         UK
Letters of Credit may be requested by UK Borrower to support obligations incurred in the Ordinary Course of Business, or as otherwise approved by Agent. Increase, renewal or extension of a UK Letter of Credit shall be treated as issuance of a new UK
Letter of Credit, except that UK Issuing Bank may require a new UK LC Application in its discretion. 

(c)         UK Borrower assumes all risks of the acts, omissions or
misuses of any UK Letter of Credit by the beneficiary. In connection with issuance of any UK Letter of Credit, none of Agent, UK Issuing Bank or any UK Lender shall be responsible for the existence, character, quality, quantity, condition, packing,
value or delivery of any goods purported to be represented by any Documents; any differences or variation in the character, quality, quantity, condition, packing, value or delivery of any goods from that expressed in any Documents; the form,
validity, sufficiency, accuracy, genuineness or legal effect of any Documents or of any endorsements thereon; the time, place, manner or order in which shipment of goods is made; partial or incomplete shipment of, or failure to ship, any goods
referred to in a UK Letter of Credit or Document; any deviation from instructions, delay, default or fraud by any shipper or other Person in connection with any goods, shipment or delivery; any breach of contract between a shipper or vendor and UK
Borrower; errors, omissions, interruptions or delays in transmission or delivery of any messages, by mail, cable, telegraph, telex, telecopy, e-mail, telephone or otherwise; errors in interpretation of
technical terms; the misapplication by a beneficiary of any UK Letter of Credit or the proceeds thereof; or any consequences arising from causes beyond the control of UK Issuing Bank, Agent or any UK Lender, including any act or omission of a
Governmental Authority. The rights and remedies of UK Issuing Bank under the Loan Documents shall be cumulative. UK Issuing Bank shall be fully subrogated to the rights and remedies of each beneficiary whose claims against UK Borrower are discharged
with proceeds of any UK Letter of Credit. 
 (d)         In
connection with its administration of and enforcement of rights or remedies under any UK Letters of Credit or UK LC Documents, UK Issuing Bank shall be entitled to act, and shall be fully protected in acting, upon any certification, documentation or
communication in whatever form believed by UK Issuing Bank, in good faith, to be genuine and correct and to have been signed, sent or made by a proper Person. UK Issuing Bank may consult with and employ legal counsel, accountants and other experts
to advise it concerning its obligations, rights and remedies, and shall be entitled to act upon, and shall be fully protected in any action taken in good faith reliance upon, any advice given by such experts. UK Issuing Bank may employ agents and attorneys-in-fact in connection with any matter relating to UK Letters of Credit or UK LC Documents, and shall not be liable for the negligence or misconduct of agents and attorneys-in-fact selected with reasonable care. 

  
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 2.3.2         UK Letter of
Credit Reimbursement; UK Participations. 
 (a)         If UK
Issuing Bank honors any request for payment under a UK Letter of Credit, UK Borrower shall pay to UK Issuing Bank, on the same day (“UK Reimbursement Date”), the amount paid by UK Issuing Bank under such UK Letter of Credit,
together with interest at the interest rate for UK Base Rate Loans from the UK Reimbursement Date until payment by UK Borrower. The obligation of UK Borrower to reimburse UK Issuing Bank for any payment made under a UK Letter of Credit shall be
absolute, unconditional, irrevocable, and joint and several, and shall be paid without regard to any lack of validity or enforceability of any UK Letter of Credit or the existence of any claim, setoff, defense or other right that UK Borrower may
have at any time against the beneficiary. Whether or not Borrower Agent submits a Notice of Borrowing, UK Borrower shall be deemed to have requested a Borrowing of UK Base Rate Loans in an amount necessary to pay all amounts due UK Issuing Bank in
the currency in which the underlying UK Letter of Credit was issued on any UK Reimbursement Date and each UK Lender shall fund its Pro Rata share of such Borrowing whether or not the UK Revolver Commitments have terminated, a Overadvance exists or
is created thereby, or the conditions in Section 6 are satisfied. 

(b)         Each UK Lender hereby irrevocably and unconditionally
purchases from UK Issuing Bank, without recourse or warranty, an undivided Pro Rata participation in all UK LC Obligations outstanding from time to time. UK Issuing Bank is issuing UK Letters of Credit in reliance upon this participation. If UK
Borrower does not make a payment to UK Issuing Bank when due hereunder, Agent shall promptly notify UK Lenders and each UK Lender shall within one Business Day after such notice pay to Agent, for the benefit of UK Issuing Bank, such UK Lender’s
Pro Rata share of such payment. Upon request by a UK Lender, UK Issuing Bank shall provide copies of UK Letters of Credit and UK LC Documents in its possession at such time. 

(c)         The obligation of each UK Lender to make payments to
Agent for the account of UK Issuing Bank in connection with UK Issuing Bank’s payment under a UK Letter of Credit shall be absolute, unconditional and irrevocable, not subject to any counterclaim, setoff, qualification or exception whatsoever,
and shall be made in accordance with this Agreement under all circumstances, irrespective of any lack of validity or unenforceability of any Loan Documents; any draft, certificate or other document presented under a UK Letter of Credit having been
determined to be forged, fraudulent, noncompliant, invalid or insufficient in any respect or any statement therein being untrue or inaccurate in any respect; any waiver by UK Issuing Bank of a requirement that exists for its protection (and not UK
Borrower’s protection) or that does not materially prejudice UK Borrower; any honor of an electronic demand for payment even if a draft is required; any payment of an item presented after a UK Letter of Credit’s expiration date if
authorized by applicable customs or practices; or any setoff or defense that a UK Facility Obligor may have with respect to any UK Facility Obligations. UK Issuing
Bank does not assume any responsibility for any failure or delay in performance or any breach by UK Borrower or other Person of any obligations under any UK LC Documents. UK Issuing Bank does not make to UK Lenders any express or implied warranty,
representation or guaranty with respect to any UK Letter of Credit, UK
Facility Collateral, UK LC Document or UK Facility Obligor. UK Issuing Bank shall not be responsible to
any UK Lender for any recitals, statements, information, representations or warranties contained in, or for the execution, validity, genuineness, effectiveness or enforceability of any UK LC Documents; the validity, genuineness, enforceability,
collectability, value or sufficiency of any UK Facility Collateral or the perfection of any Lien therein; or the assets, liabilities, financial condition, results of operations,
business, creditworthiness or legal status of any UK Facility Obligor. 

  
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 (d)         No UK
Issuing Bank Indemnitee shall be liable to any UK Lender or other Person for any action taken or omitted to be taken in connection with any UK Letter of Credit or UK LC Document except as a result of its gross negligence or willful misconduct. UK
Issuing Bank may refrain from taking any action with respect to a UK Letter of Credit until it receives written instructions (and in its discretion, appropriate assurances) from the UK Lenders. 

2.3.3     UK Letter of Credit Cash Collateral. Subject to Section 2.1.5,
if at any time (a) an Event of Default exists, (b) the UK Commitment Termination Date has occurred, or (c) the Revolver Termination Date is scheduled to occur within 20 Business Days, then UK Borrower shall, at UK Issuing Bank’s or
Agent’s request, Cash Collateralize all outstanding UK Letters of Credit. UK Borrower shall, at UK Issuing Bank’s or Agent’s request at any time, Cash Collateralize the Fronting Exposure of any Defaulting Lender that is a UK Lender.
If as a result of fluctuations in Spot Rates or otherwise the Dollar Equivalent of the UK LC Obligations exceeds the UK Letter of Credit Subline, the excess amount shall be payable by the UK Borrower within three (3) Business Days following
demand by Agent or the UK Issuing Bank. If UK Borrower fails to provide any Cash Collateral as required hereunder, UK Lenders may (and shall upon direction of Agent) advance, as UK Revolver Loans, the amount of Cash Collateral required (whether or
not the UK Revolver Commitments have terminated, a Overadvance exists or the conditions in Section 6 are satisfied). 

2.4         U.S. Letter of Credit Facility. 

2.4.1         Issuance of U.S. Letters of Credit. U.S. Issuing Bank shall
issue U.S. Letters of Credit (which, together with the Existing Letters of Credit, constitute U.S. Letters of Credit) in Dollars, or any other currency acceptable to Agent and U.S. Issuing Bank, from time to time until 30 days prior to the Revolver
Termination Date (or until the U.S. Commitment Termination Date, if earlier), on the terms set forth herein, including the following: 

(a)         Each U.S. Borrower acknowledges that U.S. Issuing
Bank’s issuance of any U.S. Letter of Credit is conditioned upon U.S. Issuing Bank’s receipt of a U.S. LC Application with respect to the requested U.S. Letter of Credit, as well as such other instruments and agreements as U.S. Issuing
Bank may customarily require for issuance of a letter of credit of similar type and amount. U.S. Issuing Bank shall have no obligation to issue any U.S. Letter of Credit unless (i) U.S. Issuing Bank receives a U.S. LC Request and U.S. LC
Application at least three Business Days prior to the requested date of issuance; (ii) each U.S. LC Condition is satisfied; and (iii) if a Defaulting Lender exists that is a U.S. Lender, such U.S. Lender or U.S. Borrowers have entered into
arrangements satisfactory to Agent and U.S. Issuing Bank to eliminate any Fronting Exposure associated with such U.S. Lender. If, in sufficient time to act, U.S. Issuing Bank receives written notice from Agent or Required Lenders that a U.S. LC
Condition has not been satisfied, U.S. Issuing Bank shall not issue the requested U.S. Letter of Credit. Prior to receipt of any such notice, U.S. Issuing Bank shall not be deemed to have knowledge of any failure of U.S. LC Conditions. 

(b)         U.S. Letters of Credit may be requested by a U.S.
Borrower to support obligations incurred in the Ordinary Course of Business, or as otherwise approved by Agent. Increase, renewal or extension of a U.S. Letter of Credit shall be treated as issuance of a new U.S. Letter of Credit, except that U.S.
Issuing Bank may require a new U.S. LC Application in its discretion. 

(c)         U.S. Borrowers assume all risks of the acts, omissions or
misuses of any U.S. Letter of Credit by the beneficiary. In connection with issuance of any U.S. Letter of Credit, none of Agent, U.S. Issuing Bank or any U.S. Lender shall be responsible for the existence, 

  
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 character, quality, quantity, condition, packing, value or delivery of any
goods purported to be represented by any Documents; any differences or variation in the character, quality, quantity, condition, packing, value or delivery of any goods from that expressed in any Documents; the form, validity, sufficiency, accuracy,
genuineness or legal effect of any Documents or of any endorsements thereon; the time, place, manner or order in which shipment of goods is made; partial or incomplete shipment of, or failure to ship, any goods referred to in a U.S. Letter of Credit
or Document; any deviation from instructions, delay, default or fraud by any shipper or other Person in connection with any goods, shipment or delivery; any breach of contract between a shipper or vendor and a U.S. Borrower; errors, omissions,
interruptions or delays in transmission or delivery of any messages, by mail, cable, telegraph, telex, telecopy, e-mail, telephone or otherwise; errors in interpretation of technical terms; the misapplication
by a beneficiary of any U.S. Letter of Credit or the proceeds thereof; or any consequences arising from causes beyond the control of U.S. Issuing Bank, Agent or any U.S. Lender, including any act or omission of a Governmental Authority. The rights
and remedies of U.S. Issuing Bank under the Loan Documents shall be cumulative. U.S. Issuing Bank shall be fully subrogated to the rights and remedies of each beneficiary whose claims against U.S. Borrowers are discharged with proceeds of any U.S.
Letter of Credit. 
 (d)         In connection with its
administration of and enforcement of rights or remedies under any U.S. Letters of Credit or U.S. LC Documents, U.S. Issuing Bank shall be entitled to act, and shall be fully protected in acting, upon any certification, documentation or communication
in whatever form believed by U.S. Issuing Bank, in good faith, to be genuine and correct and to have been signed, sent or made by a proper Person. U.S. Issuing Bank may consult with and employ legal counsel, accountants and other experts to advise
it concerning its obligations, rights and remedies, and shall be entitled to act upon, and shall be fully protected in any action taken in good faith reliance upon, any advice given by such experts. U.S. Issuing Bank may employ agents and attorneys-in-fact in connection with any matter relating to U.S. Letters of Credit or U.S. LC Documents, and shall not be liable for the negligence or misconduct of agents and
attorneys-in-fact selected with reasonable care. 

(e)         As of the Closing Date, each of the Existing Letters of
Credit shall constitute, for all purposes of this Agreement and the other Loan Documents, a U.S. Letter of Credit issued and outstanding hereunder. 

2.4.2         U.S. Letter of Credit Reimbursement; U.S. Participations. 

(a)         If U.S. Issuing Bank honors any request for payment under
a U.S. Letter of Credit, U.S. Borrowers shall pay to U.S. Issuing Bank, on the same day (“U.S. Reimbursement Date”), the amount paid by U.S. Issuing Bank under such U.S. Letter of Credit, together with interest at the interest rate
for U.S. Base Rate Loans from the U.S. Reimbursement Date until payment by U.S. Borrowers. The obligation of U.S. Borrowers to reimburse U.S. Issuing Bank for any payment made under a U.S. Letter of Credit shall be absolute, unconditional,
irrevocable, and joint and several, and shall be paid without regard to any lack of validity or enforceability of any U.S. Letter of Credit or the existence of any claim, setoff, defense or other right that U.S. Borrowers may have at any time
against the beneficiary. Whether or not Borrower Agent submits a Notice of Borrowing, U.S. Borrowers shall be deemed to have requested a Borrowing of U.S. Base Rate Loans in an amount necessary to pay all amounts due U.S. Issuing Bank on any U.S.
Reimbursement Date and each U.S. Lender shall fund its Pro Rata share of such Borrowing whether or not the U.S. Revolver Commitments have terminated, a U.S. Overadvance exists or is created thereby, or the conditions in
Section 6 are satisfied. 

  
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 (b)         Each
U.S. Lender hereby irrevocably and unconditionally purchases from U.S. Issuing Bank, without recourse or warranty, an undivided Pro Rata participation in all U.S. LC Obligations outstanding from time to time. U.S. Issuing Bank is issuing U.S.
Letters of Credit in reliance upon this participation. If U.S. Borrowers do not make a payment to U.S. Issuing Bank when due hereunder, Agent shall promptly notify U.S. Lenders and each U.S. Lender shall within one Business Day after such notice pay
to Agent, for the benefit of U.S. Issuing Bank, such U.S. Lender’s Pro Rata share of such payment. Upon request by a U.S. Lender, U.S. Issuing Bank shall provide copies of U.S. Letters of Credit and U.S. LC Documents in its possession at such
time. 
 (c)         The obligation of each U.S. Lender to make
payments to Agent for the account of U.S. Issuing Bank in connection with U.S. Issuing Bank’s payment under a U.S. Letter of Credit shall be absolute, unconditional and irrevocable, not subject to any counterclaim, setoff, qualification or
exception whatsoever, and shall be made in accordance with this Agreement under all circumstances, irrespective of any lack of validity or unenforceability of any Loan Documents; any draft, certificate or other document presented under a U.S. Letter
of Credit having been determined to be forged, fraudulent, noncompliant, invalid or insufficient in any respect or any statement therein being untrue or inaccurate in any respect; any waiver by U.S. Issuing Bank of a requirement that exists for its
protection (and not a U.S. Borrower’s protection) or that does not materially prejudice a U.S. Borrower; any honor of an electronic demand for payment even if a draft is required; any payment of an item presented after a U.S. Letter of
Credit’s expiration date if authorized by the UCC or applicable customs or practices; or any setoff or defense that a 
U.S. Facilityan Obligor may have with respect to
any 
U.S. Facility Obligations. 

U.S. Issuing Bank does not assume any responsibility for any failure or delay in performance or any breach by any U.S. Borrower
or other Person of any obligations under any U.S. LC Documents. U.S. Issuing Bank does not make to U.S. Lenders any express or implied warranty, representation or guaranty with respect to any U.S. Letter of Credit, U.S.
Facility Collateral, U.S. LC Document or U.S. Facility Obligor. U.S. Issuing Bank shall not be
responsible to any U.S. Lender for any recitals, statements, information, representations or warranties contained in, or for the execution, validity, genuineness, effectiveness or enforceability of any U.S. LC Documents; the validity, genuineness,
enforceability, collectability, value or sufficiency of any U.S. Facility Collateral or the perfection of any Lien therein; or the assets, liabilities, financial condition, results of operations, business, creditworthiness or legal status of any U.S. Facility Obligor. 

(d)         No U.S. Issuing Bank Indemnitee shall be liable to any
U.S. Lender or other Person for any action taken or omitted to be taken in connection with any U.S. Letter of Credit or U.S. LC Document except as a result of its gross negligence or willful misconduct. U.S. Issuing Bank may refrain from taking any
action with respect to a U.S. Letter of Credit until it receives written instructions (and in its discretion, appropriate assurances) from the U.S. Lenders. 

2.4.3         U.S. Letter of Credit Cash Collateral. Subject to
Section 2.1.5, if at any time (a) an Event of Default exists, (b) the U.S. Commitment Termination Date has occurred, or (c) the Revolver Termination Date is scheduled to occur within 20 Business Days, then U.S.
Borrowers shall, at U.S. Issuing Bank’s or Agent’s request, Cash Collateralize all outstanding U.S. Letters of Credit. U.S. Borrowers shall, at U.S. Issuing Bank’s or Agent’s request at any time, Cash Collateralize the Fronting
Exposure of any Defaulting Lender that is a U.S. Lender. If U.S. Borrowers fail to provide any Cash Collateral as required hereunder, U.S. Lenders may (and shall upon direction of Agent) advance, as U.S. Revolver Loans, the amount of Cash Collateral
required (whether or not the U.S. Revolver Commitments have terminated, a U.S. Overadvance exists or the conditions in Section 6 are satisfied). 

  
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 2.5         Resignation of
Issuing Banks. An Issuing Bank may resign at any time upon notice to Agent and Borrower Agent. From the effective date of such resignation, such Issuing Bank shall have no obligation to issue, amend, renew, extend or otherwise modify any Letter
of Credit, but shall continue to have all rights and other obligations of an Issuing Bank hereunder relating to any Letter of Credit issued by it prior to such date. Agent shall promptly appoint a replacement Issuing Bank, which, as long as no
Default exists, shall be reasonably acceptable to Borrower Agent. 
 2.6        
Effect of Amendment and Restatement. Upon the execution and delivery of this Agreement, the “Obligations”, under and as defined in the Original Loan Agreement, obligations and other liabilities (including, without limitation,
interest, fees and out-of-pocket expenses accrued to the date hereof) governed by the Original Loan Agreement (collectively, the “Original Obligations”)
shall continue to be in full force and effect, but shall be governed by the terms and conditions set forth in this Agreement and shall be deemed to be U.S. Facility Obligations hereunder.
The Original Obligations, together with any and all additional U.S.
Facility Obligations incurred by U.S. Facility Obligors hereunder or under any of the other Loan
Documents, shall continue to be secured by all of the U.S. Security Documents provided in connection with the Original Loan Agreement (and, from and after the date hereof, shall be secured by all of the 
U.S. Security Documents provided in connection with this Agreement, whether on the Closing Date or
otherwise), all as more specifically set forth in this Agreement and
the 
U.S. Security Documents.
Each U.S.
Facility Obligor hereby reaffirms its obligations under each Loan Document (as defined in the Original
Loan Agreement, collectively, the “Original Loan Documents”) to which it is party, as amended, restated, supplemented or otherwise modified by this Agreement and by the other Loan Documents delivered on the Closing Date. Each
Borrower agrees that each such Original Loan Document shall remain in full force and effect following the execution and delivery of this Agreement and that all references to the “Loan Agreement” or “Credit Agreement” in such
Original Loan Documents shall be deemed to refer to this Agreement. The execution and delivery of this Agreement shall constitute an amendment, replacement and restatement, but not a novation or repayment, of the Original Obligations. 

SECTION 3 
 INTEREST,
FEES AND CHARGES 
 3.1         Interest. 

3.1.1         Rates and Payment of Interest. 

(a)         The Canadian Facility Obligations shall bear interest
(i) if a Canadian BA Rate Loan, at the Canadian BA Rate for the applicable Interest Period, plus the Applicable Margin pertaining to such Canadian BA Rate Loan; (ii) if a Canadian Prime Rate Loan, at the Canadian Prime Rate in effect from
time to time, plus the Applicable Margin pertaining to such Canadian Prime Rate Loan; (iii) if a Canadian Base Rate Loan, at the Canadian Base Rate in effect from time to time, plus the Applicable Margin pertaining to such Canadian Base Rate
Loan; (iv) if a LIBOR Loan, at LIBOR for the applicable Interest Period, plus the Applicable Margin pertaining to such LIBOR Loan; and (v) if any other Canadian Facility Obligation (including, to the extent permitted by law, interest not
paid when due), at the Canadian Prime Rate in effect from time to time, plus the Applicable Margin for Canadian Prime Rate Loans. The UK Facility Obligations shall bear interest (i) if a UK Base Rate Loan, at the UK Base Rate in effect from
time to time, plus the Applicable Margin pertaining to such UK Base Rate Loan; (ii) if a LIBOR Loan, at LIBOR for the applicable Interest Period, plus the Applicable Margin pertaining to such LIBOR Loan; and (iii) if any other UK Facility
Obligation (including, to the extent permitted by law, interest not paid when due), at the UK Base Rate in effect from time to 

  
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 time, plus the Applicable Margin for UK Base Rate Loans. The U.S. Facility
Obligations shall bear interest (i) if a U.S. Base Rate Loan, at the U.S. Base Rate in effect from time to time, plus the Applicable Margin pertaining to such U.S. Base Rate Loan; (ii) if a LIBOR Loan, at LIBOR for the applicable Interest
Period, plus the Applicable Margin pertaining to such LIBOR Loan; and (iii) if any other U.S. Facility Obligation (including, to the extent permitted by law, interest not paid when due), at the U.S. Base Rate in effect from time to time, plus
the Applicable Margin for U.S. Base Rate Loans. 
 (b)        
During an Insolvency Proceeding with respect to any Borrower, or during any other Event of Default if Agent or Required Lenders in their discretion so elect, Obligations shall bear interest at the Default Rate (whether before or after any judgment).
Each Borrower acknowledges that the cost and expense to Agent and Lenders due to an Event of Default are difficult to ascertain and that the Default Rate is fair and reasonable compensation for this. 

(c)         Interest shall accrue from the date a Loan is advanced or
Obligation is incurred or payable, until paid in full by Borrowers. Interest accrued on the Loans shall be due and payable in arrears, (i) on the first day of each month and (ii) on any date of prepayment, with respect to the principal
amount of Loans being prepaid. In addition, interest accrued on the (i) Canadian Revolver Loans shall be due and payable on the Canadian Revolver Commitment Termination Date, (ii) UK Revolver Loans shall be due and payable on the UK
Revolver Commitment Termination Date and (iii) U.S. Revolver Loans shall be due and payable on the U.S. Revolver Commitment Termination Date. Interest accrued on any other Obligations shall be due and payable as provided in the Loan Documents
and, if no payment date is specified, shall be due and payable on demand. Notwithstanding the foregoing, interest accrued at the Default Rate shall be due and payable on demand. 

(d)         Interest on the Loans shall be payable in the currency of
the underlying Revolver Loan. 
 3.1.2         Application of LIBOR to
Outstanding Loans. 
 (a)        Borrowers may on any Business
Day, subject to delivery of a Notice of Conversion/Continuation and the other terms hereof, elect to convert any portion of any Base Rate Loan funded in Dollars to, or to continue any LIBOR Loan at the end of its Interest Period as, a LIBOR Loan.
During any Default or Event of Default, Agent may (and shall at the direction of Required Lenders) declare that no Loan may be made, converted or continued as a LIBOR Loan. 

(b)        Whenever Borrowers within a Borrower Group desire to
convert or continue Loans as LIBOR Loans, Borrower Agent shall give Agent a Notice of Conversion/Continuation, no later than 11:00 a.m. (Local Time) at least three Business Days before the requested conversion or continuation date. Promptly after
receiving any such notice, Agent shall notify each Applicable Lender thereof. Each Notice of Conversion/Continuation shall be irrevocable, and shall specify the amount of Loans to be converted or continued, the conversion or continuation date (which
shall be a Business Day), and the duration of the Interest Period (which shall be deemed to be 30 days if not specified). If, upon the expiration of any Interest Period for any LIBOR Loan, Borrower Agent shall have failed to deliver a Notice of
Conversion/Continuation with respect thereto as required above, the applicable Borrower Group shall be deemed to have elected to convert such Loans into Base Rate Loans. Agent does not 

  
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 warrant or accept responsibility for, nor shall it have any liability with
respect to, administration, submission or any other matter related to any rate described in the definition of LIBOR. 

3.1.3     Application of Canadian BA Rate to Outstanding Loans. 

(a)         Canadian Borrower may on any Business Day, subject to
delivery of a Notice of Conversion/Continuation and the other terms hereof, elect to convert any portion of any Canadian Prime Rate Loan to, or to continue any Canadian BA Rate Loan at the end of its Interest Period as, a Canadian BA Rate Loan.
During any Default or Event of Default, Agent may (and shall at the direction of Required Lenders) declare that no Loan may be made, converted or continued as a Canadian BA Rate Loan. 

(b)         Whenever Canadian Borrower desires to convert or continue
Loans as Canadian BA Rate Loans, Borrower Agent shall give Agent a Notice of Conversion/Continuation, no later than 11:00 a.m. (Local Time) at least three Business Days before the requested conversion or continuation date. Promptly after receiving
any such notice, Agent shall notify each Canadian Lender thereof. Each Notice of Conversion/Continuation shall be irrevocable, and shall specify the amount of Loans to be converted or continued, the conversion or continuation date (which shall be a
Business Day), and the duration of the Interest Period (which shall be deemed to be 30 days if not specified). If, upon the expiration of any Interest Period for any Canadian BA Rate Loans, Borrower Agent shall have failed to deliver a Notice of
Conversion/Continuation with respect thereto as required above, Canadian Borrower shall be deemed to have elected to convert such Loans into Canadian Prime Rate Loans. 

3.1.4         Interest Periods.    In connection with the
making, conversion or continuation of any Interest Period Loans, the Borrower Agent, on behalf of the applicable Borrower Group, shall select an interest period (“Interest Period”) to apply, which Interest Period shall be 30, 60, or
90 days (if available from all Applicable Lenders); provided, however, that: 

(a)         the Interest Period shall begin on the date the Loan is
made or continued as, or converted into, an Interest Period Loan, and shall expire on the numerically corresponding day in the calendar month at its end; 

(b)         if any Interest Period begins on a day for which there is
no corresponding day in the calendar month at its end or if such corresponding day falls after the last Business Day of such month, then the Interest Period shall expire on the last Business Day of such month, and if any Interest Period would
otherwise expire on a day that is not a Business Day, the period shall expire on the next Business Day; and 

(c)         no Interest Period shall extend beyond the Revolver
Termination Date (or, in the case of any Loan owing by (i) Canadian Borrower, the Canadian Revolver Commitment Termination Date, (ii) UK Borrower, the UK Revolver Commitment Termination Date or (iii) any U.S. Borrower, the U.S.
Revolver Commitment Termination Date, in each case if earlier). 
 3.1.5        
Interest Rate Not Ascertainable. If, due to any circumstance affecting the interbank market, Agent determines that adequate and fair means do not exist for ascertaining LIBOR or the Canadian BA Rate on any applicable date or that any Interest
Period is not available on the basis provided herein, then Agent shall immediately notify Borrower Agent of such determination. Until Agent notifies Borrower Agent that such circumstance no longer exists, the obligation of Lenders to make affected
LIBOR Loans or Canadian BA Rate Loans, as applicable, shall be suspended and no further 

  
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 Loans may be converted into or continued as such LIBOR Loans or such Canadian BA Rate Loans,
as applicable. 
 3.2         Fees. 

3.2.1         Unused Line Fee. 

(a)         Canadian Unused Line Fee. Canadian Borrower shall
pay to Agent, for the Pro Rata benefit of Canadian Lenders, a fee equal to the Unused Line Fee Rate times the amount by which the Canadian Revolver Commitments exceed the average daily Canadian Revolver Usage during any month. Such fee shall be
payable in arrears, on the first day of each month and on the Canadian Commitment Termination Date. 

(b)         UK Unused Line Fee. UK Borrower shall pay to
Agent, for the Pro Rata benefit of UK Lenders, a fee equal to the Unused Line Fee Rate times the amount by which the UK Revolver Commitments exceed the average daily UK Revolver Usage during any month. Such fee shall be payable in arrears, on the
first day of each month and on the UK Commitment Termination Date. 

(c)         U.S. Unused Line Fee. U.S. Borrowers shall pay to
Agent, for the Pro Rata benefit of U.S. Lenders, a fee equal to the Unused Line Fee Rate times the amount by which the U.S. Revolver Commitments exceed the average daily U.S. Revolver Usage during any month. Such fee shall be payable in arrears, on
the first day of each month and on the U.S. Commitment Termination Date. 

3.2.2         LC Facility Fees. 

(a)         Canadian LC Facility Fees. Canadian Borrower shall
pay (i) to Agent, for the Pro Rata benefit of Canadian Lenders, a fee equal to the Applicable Margin in effect for Canadian BA Rate Loans times the average daily Stated Amount of Canadian Letters of Credit, which fee shall be payable monthly in
arrears, on the first day of each month; (ii) to Agent, for its own account, a fronting fee equal to 0.125% per annum on the Stated Amount of each Canadian Letter of Credit, which fee shall be payable monthly in arrears, on the first day of
each month; and (iii) to Canadian Issuing Bank, for its own account, all reasonable and customary charges associated with the issuance, amending, negotiating, payment, processing, transfer and administration of Canadian Letters of Credit, which
charges shall be paid as and when incurred. During an Event of Default, the fee payable under clause (i) shall be increased by 2% per annum. 

(b)         UK LC Facility Fees. UK Borrower shall pay
(i) to Agent, for the Pro Rata benefit of UK Lenders, a fee equal to the Applicable Margin in effect for LIBOR Revolver Loans times the average daily Stated Amount of UK Letters of Credit, which fee shall be payable monthly in arrears, on the
first day of each month; (ii) to Agent, for its own account, a fronting fee equal to 0.125% per annum on the Stated Amount of each UK Letter of Credit, which fee shall be payable monthly in arrears, on the first day of each month; and
(iii) to UK Issuing Bank, for its own account, all reasonable and customary charges associated with the issuance, amending, negotiating, payment, processing, transfer and administration of UK Letters of Credit, which charges shall be paid as
and when incurred. During an Event of Default, the fee payable under clause (i) shall be increased by 2% per annum. 

(c)         U.S. LC Facility Fees. U.S. Borrowers shall pay
(i) to Agent, for the Pro Rata benefit of U.S. Lenders, a fee equal to the Applicable Margin in effect for LIBOR Revolver 

  
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 Loans times the average daily Stated Amount of U.S. Letters of Credit, which
fee shall be payable monthly in arrears, on the first day of each month; (ii) to Agent, for its own account, a fronting fee equal to 0.125% per annum on the Stated Amount of each U.S. Letter of Credit, which fee shall be payable monthly in
arrears, on the first day of each month; and (iii) to U.S. Issuing Bank, for its own account, all reasonable and customary charges associated with the issuance, amending, negotiating, payment, processing, transfer and administration of U.S.
Letters of Credit, which charges shall be paid as and when incurred. During an Event of Default, the fee payable under clause (i) shall be increased by 2% per annum. 

3.2.3         Fee Letters. Borrowers shall pay all fees set forth in any fee
letter executed in connection with this Agreement or the Original Loan Agreement. 

3.3         Computation of Interest, Fees, Yield Protection. All
interest, as well as fees and other charges calculated on a per annum basis, shall be computed for the actual days elapsed, based on a year of 360 days, or, in the case of interest on Canadian Prime Rate Loans and Canadian BA Rate Loans, on the
basis of a 365 day year. Each determination by Agent of any interest, fees or interest rate hereunder shall be final, conclusive and binding for all purposes, absent manifest error. All fees shall be fully earned when due and shall not be subject to
rebate, refund or proration. All fees payable under Section 3.2 are compensation for services and are not, and shall not be deemed to be, interest or any other charge for the use, forbearance or detention of money, except
to the extent such treatment is inconsistent with any Applicable Law. A certificate as to amounts payable by Borrowers under Section 3.4, 3.6, 3.7, 3.9 or 5.8, submitted to Borrower Agent by
Agent or the affected Lender shall be final, conclusive and binding for all purposes, absent manifest error, and Borrowers shall pay such amounts to the appropriate party within 10 days following receipt of the certificate. For the purpose of
complying with the Interest Act (Canada), it is expressly stated that where interest is calculated pursuant hereto at a rate based upon a period of time different from the actual number of days in the year (for the purposes of this Section,
the “first rate”), the yearly rate or percentage of interest to which the first rate is equivalent is the first rate multiplied by the actual number of days in the calendar year in which the same is to be ascertained and divided by the
number of days in the shorter period, and the parties hereto acknowledge that there is a material distinction between the nominal and effective rates of interest and that they are capable of making the calculations necessary to compare such rates
and that the calculations herein are to be made using the nominal rate method and not on any basis that gives effect to the principle of deemed reinvestment of interest.
“Each Canadian Domiciled Obligor confirms that it understands and is able to calculate the rate of interest applicable
to the Canadian Facility Obligations based on the methodology for calculating per annum rates provided in this Agreement. Each Canadian Domiciled
Obligor irrevocably agrees not to plead or assert, whether by way of defense or otherwise, in any proceeding relating to this Agreement or any other Loan Document, that the interest payable under this Agreement and the calculation thereof has not
been adequately disclosed to the Canadian Domiciled Obligors as required pursuant to Section 4 of the Interest Act (Canada). 

3.4         Reimbursement Obligations. Borrowers shall pay all
Extraordinary Expenses promptly upon request. Borrowers shall also reimburse Agent and Security Trustees, upon presentation of a summary statement, for all legal, accounting, appraisal, consulting, and other fees, costs and expenses incurred by it
in connection with (a) negotiation and, preparation and administration of any Loan Documents, including any amendment or other
modification thereof and the monitoring of the
performance
of the Parent Borrower and its Affiliates;
(b) administration of and actions relating to any Collateral, Loan Documents and transactions contemplated thereby, including any actions taken to perfect or maintain priority of Agent’s or any Security Trustee’s Liens on any
Collateral, to maintain any insurance required hereunder or to verify Collateral; and (c) subject to the limits of Section 10.1.1(b), each inspection, audit or appraisal with respect to any Obligor or Collateral,
whether prepared by Agent’s 

  
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 personnel or a third party. All legal, accounting and consulting fees shall be charged to
Borrowers by Agent’s or the applicable Security Trustee’s professionals at their full hourly rates, regardless of any alternative fee arrangements that Agent, any Security Trustee, any Lender or any of their Affiliates may have with such
professionals that otherwise might apply to this or any other transaction. Borrowers acknowledge that counsel may provide Agent or one or more of the Security Trustee’s with a benefit (such as a discount, credit or accommodation for other
matters) based on counsel’s overall relationship with Agent or such Security Trustee(s), including fees paid hereunder. If, for any reason (including inaccurate reporting in any Borrower Materials), it is determined that a higher Applicable
Margin should have applied to a period than was actually applied, then the proper margin shall be applied retroactively and Borrowers shall immediately pay to Agent, for the ratable benefit of Lenders, an amount equal to the difference between the
amount of interest and fees that would have accrued using the proper margin and the amount actually paid. All amounts payable by Borrowers under this Section shall be due on demand. 

3.5         Illegality. If any Lender determines that any Applicable Law
has made it unlawful, or that any Governmental Authority has asserted that it is unlawful, for any Lender to make, maintain or fund Interest Period Loans, or to determine or charge interest rates based upon the Canadian BA Rate or LIBOR, or any
Governmental Authority has imposed material restrictions on the authority of such Lender to purchase or sell, or to take deposits of, a currency in the London interbank market or to purchase, sell, issue or otherwise transact bankers’
acceptances in the Canadian interbank market, then, on notice thereof by such Lender to Agent, any obligation of such Lender to make or continue affected Interest Period Loans or to convert Floating Rate Loans to affected Interest Period Loans shall
be suspended until such Lender notifies Agent that the circumstances giving rise to such determination no longer exist. Upon delivery of such notice, Borrower(s) of the affected Borrower Group shall prepay or, if applicable, convert all affected
Interest Period Loans of such Lender to Floating Rate Loans, either on the last day of the Interest Period therefor, if such Lender may lawfully continue to maintain such Interest Period Loans to such day, or immediately, if such Lender may not
lawfully continue to maintain such Interest Period Loans. Upon any such prepayment or conversion, Borrower(s) of the affected Borrower Group shall also pay accrued interest on the amount so prepaid or converted. 

3.6         Inability to Determine Rates. Agent will promptly notify
Borrower Agent and the Applicable Lenders if, in connection with any Loan or request for a Loan, (a) Agent determines that (i) deposits or bankers’ acceptances are not being offered to (A) with respect to LIBOR, banks in the
London interbank Eurodollar market or (B) with respect to the Canadian BA Rate, banks in the Canadian interbank market, in each case for the applicable Loan amount or Interest Period, or (ii) adequate and reasonable means do not exist for
determining LIBOR or the Canadian BA Rate for the Interest Period; or (b) Agent or Required Lenders determine for any reason that LIBOR or the Canadian BA Rate for the Interest Period does not adequately and fairly reflect the cost to the Applicable
Lenders of funding the Loan. Thereafter, the Applicable Lenders’ obligations to make or maintain affected Interest Period Loans and utilization of the LIBOR or the Canadian BA Rate component (if affected) in determining any other interest rate
applicable to any of the Obligations shall be suspended until Agent (upon instruction by Required Lenders) withdraws the notice. Upon receipt of such notice, Borrower Agent may revoke any pending request for a LIBOR Loan or Canadian BA Rate Loan or,
failing that, will be deemed to have requested a Base Rate Loan or a Canadian Prime Rate Loan, respectively. 

3.7         Increased Costs; Capital Adequacy. 

3.7.1         Increased Costs Generally. If any Change in Law shall: 

(a)         impose, modify or deem applicable any reserve, liquidity,
special deposit, compulsory loan, insurance charge or similar requirement against assets of, deposits with 

  
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 or for the account of, or credit extended or participated in by, any Lender
(except any reserve requirement reflected in calculating LIBOR or the Canadian BA Rate) or Issuing Bank; 

(b)         subject any Recipient to Taxes (other than
(i) Indemnified Taxes otherwise indemnifiable under Section 5.8 and (ii) Excluded Taxes) on its Loan, Letter of Credit, Commitment or other obligations, or its deposits, reserves, other liabilities or capital
attributable thereto; or 
 (c)         impose on any Lender,
Issuing Bank or interbank market any other condition, cost or expense affecting any Loan, Letter of Credit, participation in LC Obligations, Commitment or Loan Document; 

and the result thereof shall be to increase the cost to a Lender of making or maintaining any Loan or Commitment, or converting to or
continuing any interest option for a Loan, or to increase the cost to a Lender or an Issuing Bank of participating in, issuing or maintaining any Letter of Credit (or of maintaining its obligation to participate in or to issue any Letter of Credit),
or to reduce the amount of any sum received or receivable by a Lender or an Issuing Bank hereunder (whether of principal, interest or any other amount) then, upon request of such Lender or such Issuing Bank, the Borrower Group to which such Lender
or such Issuing Bank has a Commitment will pay to it such additional amount(s) as will compensate it for the additional costs incurred or reduction suffered. 

3.7.2         Capital Requirements. If a Lender or Issuing Bank determines
that a Change in Law affecting such Lender or Issuing Bank or its holding company, if any, regarding capital or liquidity requirements has or would have the effect of reducing the rate of return on such Lender’s, Issuing Bank’s or holding
company’s capital as a consequence of this Agreement, or such Lender’s or Issuing Bank’s Commitments, Loans, Letters of Credit or participations in LC Obligations or Loans, to a level below that which such Lender, Issuing Bank or
holding company could have achieved but for such Change in Law (taking into consideration its policies with respect to capital adequacy), then from time to time Borrower Group to which such Lender or Issuing Bank has a Commitment will pay to such
Lender or Issuing Bank, as the case may be, such additional amounts as will compensate it or its holding company for the reduction suffered. 

3.7.3         Canadian BA Rate Loan and LIBOR Loan Reserves. If any Lender is
required to maintain reserves with respect to liabilities or assets consisting of or including Canadian Dollar or Eurocurrency funds or deposits, the Borrower Group to which such Lender has a Commitment shall pay additional interest to such Lender
on each Canadian BA Rate Loan and LIBOR Loan equal to the costs of such reserves allocated to the Loan by the Lender (as determined by it in good faith, which determination shall be conclusive). The additional interest shall be due and payable on
each interest payment date for the Loan; provided, however, that if the Lender notifies Borrower Agent (with a copy to Agent) of the additional interest less than 10 days prior to the interest payment date, then such interest shall be payable 10
days after Borrower Agent’s receipt of the notice. 
 3.7.4        
Compensation. Failure or delay on the part of any Lender or Issuing Bank to demand compensation pursuant to this Section shall not constitute a waiver of its right to demand such compensation, but Borrowers of a Borrower Group shall not be
required to compensate a Lender to such Borrower Group or an Issuing Bank for any increased costs or reductions suffered more than nine months (plus any period of retroactivity of the Change in Law giving rise to the demand) prior to the date that
such Lender or such Issuing Bank notifies Borrower Agent of the applicable Change in Law and of such Lender’s or such Issuing Bank’s intention to claim compensation therefor. 

  
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 3.8        
Mitigation. If any Lender gives a notice under Section 3.5 or requests compensation under Section 3.7, or if Borrowers are required to pay any Indemnified Taxes or additional amounts
with respect to a Lender under Section 5.8, then at the request of Borrower Agent, such Lender shall use reasonable efforts to designate a different Lending Office or to assign its rights and obligations hereunder to
another of its offices, branches or Affiliates, if, in the judgment of such Lender, such designation or assignment (a) would eliminate the need for such notice or reduce amounts payable or to be withheld in the future, as applicable; and
(b) would not subject the Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to it or unlawful. Borrowers shall pay all reasonable costs and expenses incurred by any Lender in connection with any such
designation or assignment. 
 3.9         Funding Losses. If for any
reason (a) any Borrowing, conversion or continuation of an Interest Period Loan does not occur on the date specified therefor in a Notice of Borrowing or Notice of Conversion/Continuation (whether or not withdrawn), (b) any repayment or
conversion of an Interest Period Loan occurs on a day other than the end of its Interest Period, (c) any Borrower Group fail to repay an Interest Period Loan when required hereunder, or (d) a Lender (other than a Defaulting Lender) is
required to assign an Interest Period Loan prior to the end of its Interest Period pursuant to Section 13.4, then such Borrower Group shall pay to Agent its customary administrative charge and to each Lender all losses,
expenses and fees arising from redeployment of funds or termination of match funding. For purposes of calculating amounts payable under this Section, a Lender shall be deemed to have funded an Interest Period Loan by a matching deposit or other
borrowing in the London interbank market or any other applicable market for a comparable amount and period, whether or not the Loan was in fact so funded. 

3.10         Maximum Interest. Notwithstanding anything to the contrary
contained in any Loan Document, the interest paid or agreed to be paid under the Loan Documents shall not exceed the maximum rate of non-usurious interest permitted by Applicable Law (“maximum
rate”). If Agent or any Lender shall receive interest in an amount that exceeds the maximum rate, the excess interest shall be applied to the principal of the Obligations of the Borrower Group to which such excess interest relates or, if it
exceeds such unpaid principal, refunded to such Borrower Group. In determining whether the interest contracted for, charged or received by Agent or a Lender exceeds the maximum rate, such Person may, to the extent permitted by Applicable Law,
(a) characterize any payment that is not principal as an expense, fee or premium rather than interest; (b) exclude voluntary prepayments and the effects thereof; and (c) amortize, prorate, allocate and spread in equal or unequal parts
the total amount of interest throughout the contemplated term of the Obligations hereunder. Without limiting the generality of the foregoing provisions of this Section 3.10, if any provision of any of the Loan Documents
would obligate any Canadian Domiciled Obligor to make any payment of interest with respect to
the Canadian
Facility Obligations in an amount or calculated at a rate which would be prohibited by Applicable Law or
would result in the receipt of interest with respect to the Canadian Facility Obligations at a criminal rate (as such terms are construed under the Criminal Code (Canada)), then notwithstanding such provision, such amount or rates shall be deemed to have been adjusted with retroactive
effect to the maximum amount or rate of interest, as the case may be, as would not be so prohibited by law or so result in a receipt by the applicable recipient of interest with respect to the Canadian
Facility Obligations at a criminal rate, such adjustment to be effected, to the extent necessary, as
follows: (i) first, by reducing the amount or rates of interest required to be paid by the Canadian Domiciled Obligors to the applicable recipient under the Loan Documents; and (ii) thereafter, by reducing any fees, commissions, premiums
and other amounts required to be paid by the Canadian Domiciled Obligors to the applicable recipient which would constitute interest with respect to the Canadian Facility Obligations for
purposes of Section 347 of the Criminal Code (Canada). Notwithstanding the foregoing, and after giving effect to all adjustments contemplated thereby, if the applicable recipient shall have received an amount in excess of the maximum permitted
by that section of the Criminal Code (Canada), then Canadian Domiciled Obligors shall be 

  
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 entitled, by notice in writing to Agent, to obtain reimbursement from the applicable
recipient in an amount equal to such excess, and pending such reimbursement, such amount shall be deemed to be an amount payable by the applicable recipient to the applicable Canadian Domiciled Obligor. Any amount or rate of interest with respect to
the Canadian
Facility Obligations referred to in this Section 3.10 shall be determined in
accordance with generally accepted actuarial practices and principles as an effective annual rate of interest over the term that any Canadian Revolver Loan to Canadian Borrower remains outstanding on the assumption that any charges, fees or expenses
that fall within the meaning of “interest” (as defined in the Criminal Code (Canada)) shall, if they relate to a specific period of time, be prorated over that period of time and otherwise be prorated over the period from the Closing Date
to the date of Full Payment of the Canadian Facility Obligations, and, in the event of a dispute, a certificate of a Fellow of the Canadian Institute of Actuaries appointed by
Agent shall be conclusive for the purposes of such determination. 
 SECTION 4 

LOAN ADMINISTRATION 

4.1         Manner of Borrowing and Funding Revolver Loans. 

4.1.1         Notice of Borrowing. 

(a)         Revolver Loans. Whenever a Borrower Group desires
funding of Revolver Loans, Borrower Agent shall give Agent a Notice of Borrowing. Such notice must be received by Agent by 11:00 a.m. (Local Time) (i) on the requested funding date, in the case of Floating Rate Loans, and (ii) at least
three Business Days prior to the requested funding date, in the case of Interest Period Loans. Notices received after such time shall be deemed received on the next Business Day. Each Notice of Borrowing shall be irrevocable and shall specify
(A) the amount of the Borrowing, (B) the requested funding date (which must be a Business Day), (C) whether the Borrowing is to be made as a U.S. Base Rate Loan or LIBOR Loan, in the case of the U.S. Borrowers, or a Canadian Base Rate
Loan, LIBOR Loan, Canadian Prime Rate Loan or Canadian BA Rate Loan, in the case of Canadian Borrower, or a LIBOR Loan or a UK Base Rate Loan, in the case of UK Borrower, (D) in the case of an Interest Period Loan, the applicable Interest
Period (which shall be deemed to be 30 days if not specified) and (E) the Borrower Group Commitment under which such Borrowing is proposed to be made and, if such Borrowing is requested for Canadian Borrower, whether such Loan is to be
denominated in Dollars or Canadian Dollars and, if such Borrowing is requested for UK Borrower, whether such Loan is to be denominated in Sterling, Dollars or Euros. Notwithstanding
anything to the contrary contained herein, given that U.S. Borrowers elected to utilize FILO Loans on the Original Closing Date, all U.S. Revolver Loans outstanding from time to time up to the FILO Amount shall be deemed to be outstanding FILO Loans
for all purposes under this Agreement. 
 (b)        
Deemed Requests for Revolver Loans. Unless payment is otherwise made by a Borrower Group, the becoming due of any Obligation of the Obligor Group to which such Borrower Group belongs (whether principal, interest, fees or other charges,
including Extraordinary Expenses, LC Obligations, Cash Collateral and Secured Bank Product Obligations) shall be deemed to be a request for Revolver Loans by such Borrower Group on the due date in the amount due and shall bear interest at the per
annum rate applicable hereunder to Base Rate Loans, in the case of such Obligations owing by any Obligor (other than a Canadian Domiciled Obligor), or to Canadian Prime Rate Loans, in the case of such Obligations owing by a Canadian Domiciled
Obligor, and the Loan proceeds shall be disbursed as direct payment of such 

  
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 Obligation. In addition, Agent may, at its option, charge any such amount
owed by any Obligor Group against any operating, investment or other account of a Borrower that is a member of such Obligor Group maintained with Agent or any of its Affiliates. 

(c)         Controlled Disbursement Accounts. If any Borrower
within a Borrower Group maintains a disbursement account with Agent or any of its Affiliates or branches, then presentation for payment in the account of a Payment Item when there are insufficient funds to cover it shall be deemed to be a request
for Revolver Loans by such Borrower Group on the presentation date, in the amount of the Payment Item, and shall bear interest at the per annum rate applicable hereunder to Base Rate Loans, in the case of insufficient funds owing by any Obligor
(other than a Canadian Domiciled Obligor), or to Canadian Prime Rate Loans, in the case of insufficient funds owing by a Canadian Domiciled Obligor. Proceeds of such Loan may be disbursed directly to such account. 

4.1.2         Fundings by Lenders. Except for Borrowings to be made as
Swingline Loans, Agent shall endeavor to notify the Applicable Lenders of each Notice of Borrowing (or deemed request for a Borrowing) by 1:00 p.m. on the proposed funding date for a Floating Rate Loan or by 3:00 p.m. at least two Business Days
before a proposed funding of an Interest Period Loan. Each Applicable Lender shall fund its Pro Rata share of a Borrowing in immediately available funds not later than 3:00 p.m. on the requested funding date, unless Agent’s notice is received
after the times provided above, in which case each Applicable Lender shall fund by 11:00 a.m. on the next Business Day. Subject to its receipt of such amounts from Applicable Lenders, Agent shall disburse the Borrowing proceeds as directed by
Borrower Agent. Unless Agent shall have received (in sufficient time to act) written notice from an Applicable Lender that it does not intend to fund its share of a Borrowing, Agent may assume that such Applicable Lender has deposited or promptly
will deposit its share with Agent, and Agent may disburse a corresponding amount to the Borrower or Borrowers within such Borrower Group. If an Applicable Lender’s share of a Borrowing or of a settlement under
Section 4.1.3(d) is not received by Agent, then the Borrower or Borrowers within such Borrower Group agree to repay to Agent on demand the amount of such share, together with interest thereon from the date disbursed
until repaid, at the rate applicable to the Borrowing. A Lender or Issuing Bank may fulfill its obligations under Loan Documents through one or more Lending Offices, and this shall not affect any obligation of Obligors under the Loan Documents or
with respect to any Obligations. 
 4.1.3         Swingline Loans;
Settlement. 
 (a)         Canadian Swingline Loans. To
fulfill any request for a Canadian Base Rate Loan or a Canadian Prime Rate Loan hereunder, Canadian Swingline Lender may in its discretion, advance Canadian Swingline Loans to Canadian Borrower, up to an aggregate outstanding amount of $1,000,000.
Canadian Swingline Loans shall constitute Canadian Revolver Loans for all purposes, except that payments thereon shall be made to Canadian Swingline Lender for its own account until the Canadian Lenders have funded their participations therein as
provided below. 
 (b)         UK Swingline Loans. To
fulfill any request for a UK Base Rate Loan, UK Swingline Lender may in its discretion, advance UK Swingline Loans to UK Borrower, up to an aggregate outstanding amount of $1,000,000. UK Swingline Loans shall constitute UK Revolver Loans for all
purposes, except that payments thereon shall be made to UK Swingline Lender for its own account until the UK Lenders have funded their participations therein as provided below. 

  
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 (c)         US
Swingline Loans. To fulfill any request for a U.S. Base Rate Loan, U.S. Swingline Lender may in its discretion, advance U.S. Swingline Loans to U.S. Borrowers, up to an aggregate outstanding amount equal to the difference of (i) $10,000,000
less (ii) the aggregate outstanding amount of all Canadian Swingline Loans and UK Swingline Loans. U.S. Swingline Loans shall constitute U.S. Revolver Loans for all purposes, except that payments thereon shall be made to U.S. Swingline
Lender for its own account until the U.S. Lenders have funded their participations therein as provided below. 

(d)         Settlement of Loans. Settlement of Loans,
including Swingline Loans, among Lenders and Agent shall take place on a date determined from time to time by Agent (but at least weekly, unless the settlement amount is de minimis), on a Pro Rata basis in accordance with the Settlement Report
delivered by Agent to Lenders. Between settlement dates, Agent may in its discretion apply payments on Revolver Loans to Swingline Loans (such that payments on Canadian Revolver Loans are applied to Canadian Swingline Loans, payments on UK Revolver
Loans are applied to UK Swingline Loans, and payments on U.S. Revolver Loans are applied to U.S. Swingline Loans) regardless of any designation by Borrower Agent or any provision herein to the contrary. Each Canadian Lender, UK Lender and U.S.
Lender hereby purchases, without recourse or warranty, an undivided Pro Rata participation in all Canadian Swingline Loans, UK Swingline Loans and U.S. Swingline Loans, respectively, outstanding from time to time until settled. If a Swingline Loan
cannot be settled among the Applicable Lenders, whether due to an Obligor’s Insolvency Proceeding or for any other reason, each Applicable Lender shall pay the amount of its participation in the Loan to the applicable Swingline Lender, in
immediately available funds, within one Business Day after Agent’s request therefor. Lenders’ obligations to make settlements and to fund participations are absolute, irrevocable and unconditional, without offset, counterclaim or other
defense, and whether or not the Commitments have terminated, an Overadvance exists or the conditions in Section 6 are satisfied. When settling any Canadian Revolver Loans and any Canadian Swingline Loans pursuant to this
Section 4.1.3(d), Agent shall act through Bank of America (Canada). 

4.1.4         Notices. Borrower Agent may request, convert or continue Loans,
select interest rates and transfer funds based on telephonic instructions or e-mailed instructions to Agent, in each case to be confirmed in accordance with this Section 4.1.4.
Borrower Agent shall confirm each such request by prompt delivery to Agent of a Notice of Borrowing or Notice of Conversion/Continuation, if applicable, but if it differs materially from the action taken by Agent or Lenders, the records of Agent and
Lenders shall govern. Neither Agent nor any Lender shall have any liability for any loss suffered by a Borrower as a result of Agent or any Lender acting upon its understanding of telephonic or e-mailed
instructions from a person believed in good faith by Agent or any Lender to be a person authorized to give such instructions on Borrower Agent’s behalf. 

4.2         Defaulting Lender. Notwithstanding anything herein to the
contrary: 
 4.2.1         Reallocation of Pro Rata Share; Amendments. For
purposes of determining Lenders’ obligations or rights to fund, participate in or receive collections with respect to Loans and Letters of Credit (including existing Swingline Loans, Protective Advances and LC Obligations), Agent may in its
discretion reallocate Pro Rata shares by excluding a Defaulting Lender’s Commitments and Loans from the calculation of shares. A Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Loan Document,
except as provided in Section 14.1.1(c). 
 4.2.2        
Payments; Fees. Agent may, in its discretion, receive and retain any amounts payable to a Defaulting Lender under the Loan Documents, and a Defaulting Lender shall be deemed to 

  
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have assigned to Agent such amounts until all Obligations owing to Agent, non-Defaulting Lenders and other Secured Parties have been paid in full. Agent
may use such amounts to cover the Defaulting Lender’s defaulted obligations, to Cash Collateralize such Lender’s Fronting Exposure, to readvance the amounts to Borrowers or to repay Obligations. A Lender shall not be entitled to receive
any fees accruing hereunder while it is a Defaulting Lender and its unfunded Commitment shall be disregarded for purposes of calculating the unused line fee under Section 3.2.1. If any LC Obligations owing to a Defaulting
Lender are reallocated to other Lenders, fees attributable to such LC Obligations under Section 3.2.2 shall be paid to such Lenders. Agent shall be paid all fees attributable to LC Obligations that are not reallocated. 

4.2.3         Status; Cure. Agent may determine in its discretion that a
Lender constitutes a Defaulting Lender and the effective date of such status shall be conclusive and binding on all parties, absent manifest error. Borrowers, Agent and each Issuing Bank may agree in writing that a Lender has ceased to be a
Defaulting Lender, whereupon Pro Rata shares shall be reallocated without exclusion of the reinstated Lender’s Commitments and Loans, and the Revolver Usage and other exposures under the Revolver Commitments shall be reallocated among Lenders
and settled by Agent (with appropriate payments by the reinstated Lender, including payment of any breakage costs for reallocated Interest Period Loans) in accordance with the readjusted Pro Rata shares. Unless expressly agreed by Borrowers, Agent
and each 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
obligations hereunder shall not relieve any other Lender of its obligations under any Loan Document. No Lender shall be responsible for default by another Lender. When settling exposures under the Canadian Revolver Commitments pursuant to this
Section 4.2.3, Agent shall act through Bank of America (Canada). 

4.3         Number and Amount of Interest Period Loans; Determination of
Rate. Each Borrowing of Interest Period Loans when made shall be in a minimum amount of $1,000,000 (or its Dollar Equivalent in any other currency or Cdn$1,000,000 as regards Canadian BA Rate Loans), plus an increment of $100,000 (or its
Dollar Equivalent in any other currency or Cdn$100,000 as regards Canadian BA Rate Loans) in excess thereof. No more than 5 Borrowings of Interest Period Loans may be outstanding at any time with respect to the Borrower Group consisting of U.S.
Borrowers, and no more than 2 Borrowings of Interest Period Loans may be outstanding at any time with respect to any other Borrower Group. All Interest Period Loans to a Borrower Group having the same length, beginning date of their Interest
Periods and currency shall be aggregated together and considered one Borrowing for this purpose. Upon determining Canadian BA Rate or LIBOR for any Interest Period requested by Borrowers within a Borrower Group, Agent shall promptly notify Borrower
Agent thereof by telephone or electronically and, if requested by Borrower Agent, shall confirm any telephonic notice in writing (including, without limitation, via a writing transmitted electronically). 

4.4         Borrower Agent. Each Obligor hereby designates Parent
Borrower (“Borrower Agent”) as its representative and agent for all purposes under the Loan Documents, including requests for and receipt of Loans and Letters of Credit, designation of interest rates, delivery or receipt of
communications, delivery of Borrower Materials, payment of Obligations, requests for waivers, amendments or other accommodations, actions under the Loan Documents (including in respect of compliance with covenants), and all other dealings with
Agent, any Security Trustee, any Issuing Bank or any Lender. Borrower Agent hereby accepts such appointment. Agent, Security Trustees, Issuing Banks and 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 Borrower Agent on behalf of any Obligor. Agent, Security Trustees, Issuing Banks and Lenders may give any notice or communication with an Obligor to Borrower Agent on behalf of such
Obligor. Each of Agent, Security Trustees Issuing 

  
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Banks and Lenders shall have the right, in its discretion, to deal exclusively with Borrower Agent for all purposes under the Loan Documents. Each Obligor agrees that any notice, election,
communication, delivery, representation, agreement, action, omission or undertaking on its behalf by Borrower Agent shall be binding upon and enforceable against it. 

4.5         One Obligation. Without in any way limiting any Guarantee of
any Obligor of the Obligations of any other Obligor, (a) the Canadian Revolver Loans, the Canadian LC Obligations and the other Canadian Facility Obligations owing by each Canadian Facility Obligor constitute one general obligation of the
Canadian Facility Obligors and (unless otherwise expressly provided in any Loan Document) shall be secured by Agent’s or applicable Security Trustee’s Lien upon all Collateral of each Canadian Facility Obligor, provided that each
Credit Party shall be deemed to be a creditor of, and the holder of a separate claim against, each Canadian Facility Obligor to the extent of any Canadian Facility Obligations jointly or severally owed by such Canadian Facility Obligor to such
Credit Party, (b) the UK Revolver Loans, the UK LC Obligations and the other UK Facility Obligations owing by each UK Facility Obligor constitute one general obligation of the UK Facility Obligors and (unless otherwise expressly provided in any
Loan Document) shall be secured by Agent’s and UK Security Trustee’s Lien upon all Collateral of each UK Facility Obligor, provided that each Credit Party shall be deemed to be a creditor of, and the holder of a separate claim
against, each UK Facility Obligor to the extent of any UK Facility Obligations owed by such UK Facility Obligor to such Credit Party and (c) the U.S. Revolver Loans, the U.S. LC Obligations and the other U.S. Facility Obligations owing by each
U.S. Facility Obligor constitute one general obligation of the U.S. Facility Obligors and (unless otherwise expressly provided in any Loan Document) shall be secured by Agent’s or the applicable Security Trustee’s Lien upon all Collateral
of each U.S. Facility Obligor, provided that each Credit Party shall be deemed to be a creditor of, and the holder of a separate claim against, each U.S. Facility Obligor to the extent of any U.S. Facility Obligations jointly or severally
owed by such U.S. Facility Obligor to such Credit Party. 
 4.6         Effect
of Termination. On the effective date of the termination of all Commitments, all Obligations shall be immediately due and payable, and each Secured Bank Product Provider may terminate its Bank Products; provided that (a) on the
effective date of the termination of all Canadian Revolver Commitments, all Canadian Facility Obligations shall be immediately due and payable, and each Secured Bank Product Provider may terminate its Bank Products provided for the account of
Canadian Domiciled Obligors and their Affiliates domiciled in Canada, (b) on the effective date of the termination of all UK Revolver Commitments, all UK Facility Obligations shall be immediately due and payable, and each Secured Bank Product
Provider may terminate its Bank Products provided for the account of UK Domiciled Obligors and their Affiliates domiciled in the UK, and (c) on the effective date of the termination of all U.S. Revolver Commitments, all U.S. Facility
Obligations shall be immediately due and payable, and each Secured Bank Product Provider may terminate its Bank Products provided for the account of U.S. Domiciled Obligors and their Affiliates domiciled in the U.S. Until Full Payment of all
Obligations, all undertakings of Borrowers contained in the Loan Documents shall continue, and Agent and Security Trustees shall retain their Liens in the Collateral and all of their rights and remedies under the Loan Documents. Agent and Security
Trustees shall not be required to terminate their Liens unless Agent or a Security Trustee receives Cash Collateral or a written agreement, in each case satisfactory to Agent, protecting Agent and Lenders from dishonor or return of any Payment Item
previously applied to the Obligations. Sections 2.2, 2.3, 2.4, 3.4, 3.6, 3.7, 3.9, 5.4, 5.8, 5.9, 12, 14.2, this Section, and each indemnity or waiver given by an
Obligor or Lender in any Loan Document, shall survive Full Payment of the Obligations. 

  
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 4.7        Limitation
on Borrowings. 
 4.7.1    Notwithstanding anything to the contrary contained herein, each of
the parties hereto acknowledge and agree that maximum principal amount of U.S. Revolver Loans and/or U.S. LC Obligations which Parent Borrower shall be entitled to have outstanding at any time under this Agreement for its own account (and not for
the account of any other U.S. Borrower) shall not exceed $2,500,000 in the aggregate; it being understood and agreed by each of the parties hereto that any Borrowing and/or Letter of Credit requested by Parent Borrower in its capacity as Borrower
Agent which exceed the above noted limitation shall be Borrowings and/or Letters of Credit for the account of one or more of the other Borrowers and not for the account of Parent Borrower; provided that nothing set forth in this Section shall in any
way affect or limit the duties and obligations of each Borrower with respect to the Obligations set forth in Section 5.10. 

4.7.2    Agent and Lenders shall have the right, at any time in their Permitted Discretion, to condition
Loans and Letters of Credit upon a separate calculation of borrowing availability for each Borrower and to restrict the disbursement and use of Loans and Letters of Credit to a Borrower based on that calculation. 

SECTION 5 
 PAYMENTS

 5.1        General Payment Provisions. All payments of
Obligations shall be made without offset, counterclaim or defense of any kind, free and clear of (and without deduction for) any Taxes, and in immediately available funds, not later than 12:00 (Local Time) on the due date. Any payment after such
time shall be deemed made on the next Business Day. Any payment of an Interest Period Loan prior to the end of its Interest Period shall be accompanied by all amounts due under Section 3.9. Borrowers agree that Agent shall
have the continuing, exclusive right to apply and reapply payments and proceeds of Collateral against the Obligations, in such manner as Agent deems advisable (so long as such application or reapplication could not reasonably be expected to result in material adverse tax consequences to an Obligor or a Subsidiary of an Obligor under
Section 956 of the
Code), but whenever possible, any prepayment of Loans shall be applied first to Floating Rate Loans and then to Interest Period Loans. All payments with respect to any Obligation shall be
made in the currency of the underlying Obligation. Any payment made contrary to the requirements of the preceding sentence shall be subject to the terms of Section 5.11. If any payment under the Loan Documents shall be
stated to be due on a day other than a Business Day, the due date shall be extended to the next Business Day and such extension of time shall be included in any computation of interest and fees. 

5.2        Repayment of Revolver Loans. Canadian Facility Obligations
shall be due and payable in full on the Canadian Commitment Termination Date, UK Facility Obligations shall be due and payable in full on the UK Commitment Termination Date and U.S. Facility Obligations shall be due and payable in full on the U.S.
Commitment Termination Date, in each case unless payment is sooner required hereunder. Revolver Loans may be prepaid from time to time, without penalty or premium. Subject to Section 2.1.5, if an Overadvance exists at any
time (including, without limitation, with respect to the U.S. Revolver Loans as the result of a scheduled reduction in the FILO Amount), the Borrower Group owing such Overadvance shall, on the sooner of Agent’s demand or the first Business Day after any Borrower of such Borrower Group has knowledge thereof, repay Revolver Loans in an amount
sufficient to reduce Revolver Usage of such Borrower Group to the Borrowing Base of such Borrower Group. If any Asset Disposition includes the disposition of Inventory, Accounts or Revolver Priority Collateral, the Obligor Group that includes the
Obligor(s) that made such Asset Disposition shall apply the Net Proceeds of such 

  
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 Asset Disposition to repay the Revolver Loans of the Borrower Group(s) included within such
Obligor Group (if more than one Borrower Group is included in such Obligor Group, such Net Proceeds shall be applied ratably to repay the Revolver Loans of such Borrower Groups, but
in no event shall Net Proceeds of Asset Dispositions made by Foreign Obligors be applied to the Obligations of the U.S. Borrowers if such application could reasonably be expected to result in material adverse tax consequences to an Obligor or a
Subsidiary of an Obligor under Section 956 of the Code) equal to the greater of (a) the net book value of such Inventory, Accounts and Revolver Priority Collateral, or (b) the reduction in Borrowing Base of such Borrower Group(s) resulting from the
disposition (if there is no such reduction, the amount described in this clause (b) shall be deemed to be zero). 

5.3        Payment of Other Obligations. Obligations other than Loans,
including LC Obligations and Extraordinary Expenses, shall be paid by Borrowers as provided in the Loan Documents or, if no payment date is specified, on demand. 

5.4        Marshaling; Payments Set Aside. None of Agent, Security
Trustees, Issuing Banks or Lenders shall be under any obligation to marshal any assets in favor of any Obligor or against any Obligations. If any payment by or on behalf of any Borrower or Borrowers is made to Agent, any Security Trustee, any
Issuing Bank or any Lender, or if Agent, any applicable Security Trustee, any Issuing Bank or any Lender exercises a right of setoff, and any of such payment or setoff is subsequently invalidated, declared to be fraudulent or preferential, set aside
or required (including pursuant to any settlement entered into by Agent, a Security Trustee, an Issuing Bank or a Lender in its discretion) to be repaid to a Creditor Representative or any other Person, then the Obligation originally intended to be
satisfied, and all Liens, rights and remedies relating thereto, shall be revived and continued in full force and effect as if such payment or setoff had not occurred. 

5.5        Application and Allocation of Payments. 

5.5.1            Application. Payments made by a Borrower
Group (or any member thereof) hereunder shall be applied (a) first, as specifically required hereby; (b) second, to Obligations of such Borrower Group then due and owing; (b) third, to other Obligations specified by Borrower Agent;
and (c) fourth, as determined by Agent in its Permitted Discretion. Any payment of the U.S. Revolver Loans shall be applied first to the U.S. Revolver Loans that are not FILO
Loans until repaid in full, and then to FILO Loans. 

5.5.2            Post-Default Allocation. Notwithstanding
anything in any Loan Document to the contrary, but subject to the Intercreditor Agreement, during an Event of Default, monies to be applied to the Obligations, whether arising from payments by Obligors, realization on Collateral, setoff or
otherwise, shall be allocated as follows: 
 (a)        with
respect to monies, payments, Property or Collateral of or from the Canadian Domiciled Obligors, together with any allocations pursuant to subclause (x) of any other clause of this Section 5.5.2: 

(i)        first, to all fees, indemnification, costs and
expenses, including Extraordinary Expenses, owing to Agent or any Security Trustee, to the extent owing by any ofwith respect to the Canadian Domiciled ObligorsFacility Obligations; 
 (ii)        second, to all
amounts owing to Canadian Swingline Lender or Agent on Canadian Swingline Loans, Canadian Protective Advances, and Canadian Revolver Loans and participations that a Defaulting Lender has failed to settle or fund; 

  
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(iii)       third, to all amounts owing to Canadian Issuing Bank on
Canadian LC Obligations; 
 (iv)       fourth, to all Canadian
Facility Obligations (other than Secured Bank Product Obligations) constituting fees, indemnification, costs or expenses owing by any of the Canadian Domiciled Obligors to Lenders
(exclusive of any UK Facility Obligations which are guaranteed by the Canadian Domiciled Obligors)to any Secured
Party; 

(v)        fifth, to all Canadian Facility Obligations (other
than Secured Bank Product Obligations) constituting interest owing by any of the Canadian Domiciled Obligors (exclusive of any UK Facility Obligations which are guaranteed by the
Canadian Domiciled Obligors)to any Secured Party; 

(vi)       sixth, to Cash Collateralize all Canadian LC
Obligations; 
 (vii)      seventh, to all Canadian Revolver Loans,
and to Secured Bank Product Obligations of Canadian Domiciled Obligors arising under Hedging Agreements (including Cash Collateralization thereof, but excluding any such Secured Bank
Product Obligation which is a UK Facility Obligation guaranteed by any of the Canadian Domiciled Obligors) up to the amount of Canadian Availability Reserves existing therefor; 

(viii)     eighth, to all other Secured Bank Product Obligations of any of
the Canadian Domiciled Obligors (but excluding any such Secured Bank Product Obligation which is
a UK Facility Obligation guaranteed by any of the Canadian Domiciled Obligors); 

(ix)       ninth, to all other Canadian Facility Obligations 
(exclusive of
 any UK Facility Obligations which are guaranteed by any of the Canadian Domiciled Obligors); and 
 (x)        tenth, to be
applied ratably to all other Foreign Facility Obligations as determined by Agent in its Permitted Discretion. 

(b)        with respect to monies, payments, Property or Collateral of or from the UK
Domiciled Obligors and/or Mexican Domiciled Obligors, together with any allocations
pursuant to subclause (x) of any other clause of this Section 5.5.2: 

(i)         first, to all fees, indemnification, costs and expenses,
including Extraordinary Expenses, owing to Agent or any Security Trustee, with respect to the extent owing by any of the UK Domiciled ObligorsUK Facility
Obligations; 

(ii)        second, to all amounts owing to UK Swingline Lender or Agent on
UK Swingline Loans, UK Protective Advances, and UK Revolver Loans and participations that a Defaulting Lender has failed to settle or fund; 

(iii)       third, to all amounts owing to UK Issuing Bank on UK LC Obligations;

  
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 (iv)      fourth, to
all UK Facility Obligations (other than Secured Bank Product Obligations) constituting fees, indemnification, costs or expenses owing by any of the UK Domiciled Obligors to Lenders
(exclusive of any Canadian Facility Obligations which are guaranteed by the UK Domiciled Obligors)to any
Secured
Party; 

(v)       fifth, to all UK Facility Obligations (other than
Secured Bank Product Obligations) constituting interest owing by any of the UK Domiciled Obligors (exclusive of any Canadian Facility Obligations which are guaranteed by the UK
Domiciled Obligors)to any Secured Party; 

(vi)      sixth, to Cash Collateralize all UK LC Obligations; 

(vii)     seventh, to all UK Revolver Loans, and to Secured Bank Product
Obligations of UK Domiciled Obligors arising under Hedging Agreements (including Cash Collateralization thereof, but excluding any such Secured Bank Product Obligation which is a
Canadian Facility Obligation guaranteed by any of the UK Domiciled Obligors) up to the amount of UK Availability Reserves existing therefor; 

(viii)    eighth, to all other Secured Bank Product Obligations of any of the UK
Domiciled Obligors (but excluding any such Secured Bank Product Obligation which is a Canadian
Facility Obligation guaranteed by any of the UK Domiciled Obligors); 

(ix)      ninth, to all other UK Facility Obligations (exclusive of (exclusive
of any Canadian Facility Obligations which are guaranteed by any of the UK Domiciled Obligors); and 

(x)       tenth, to be applied ratably to all other Foreign
Foreign Facility
Obligations as determined by Agent in its Permitted Discretion. 

(c)        with respect to monies, payments, Property or Collateral of or from the
U.S. Domiciled Obligors, together with any allocations pursuant to subclause
(x) of any other clause of this Section 5.5.2: 

(i)        first, to all fees, indemnification, costs and expenses, including
Extraordinary Expenses, owing to Agent or any Security Trustee, with respect to the extent owing by any of the U.S.
ObligorsU.S. Facility Obligations; 

(ii)       second, to all amounts owing to U.S. Swingline Lender or Agent on U.S.
Swingline Loans, U.S. Protective Advances, and U.S. Revolver Loans and participations that a Defaulting Lender has failed to settle or fund; 

(iii)      third, to all amounts owing to U.S. Issuing Bank on U.S. LC Obligations;

 (iv)       fourth, to all U.S. Facility Obligations (other than Secured Bank
Product Obligations) constituting fees, indemnification, costs or expenses owing by any of the U.S. Obligors to Lenders (exclusive of any Foreign Facility Obligations which are
guaranteed by the U.S. Obligors)to any
Secured
Party; 

  
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 (v)       fifth,
to all U.S. Facility Obligations (other than Secured Bank Product Obligations) constituting interest owing by any of the U.S. Obligors (exclusive of any Foreign Facility Obligations
which are guaranteed by the U.S. Obligors)to any Secured
Party; 

(vi)      sixth, to Cash Collateralize all U.S. LC Obligations; 

(vii)     seventh, to all U.S. Revolver Loans, and to Secured Bank Product Obligations of
U.S. Obligors arising under Hedging Agreements (including Cash Collateralization thereof, but excluding any such Secured Bank Product Obligation which is a Foreign Facility Obligation
guaranteed by any of the U.S. Obligors) up to the amount of U.S. Availability Reserves existing therefor; 

(viii)    eighth, to all other Secured Bank Product Obligations of any of the U.S. Obligors (but excluding any such Secured Bank Product Obligation which is a Foreign Facility Obligation
guaranteed by any of the U.S. Obligors); 

(ix)      ninth, to all other U.S. Facility Obligations 
(exclusive of
 any Foreign Facility Obligations which are guaranteed by any of the U.S. Obligors); and 

(x)       tenth, to be applied ratably to all other Obligations as determined by Agent in its Permitted Discretion. 

(d)        with respect to monies, payments, Property or Collateral of or from the
Foreign Obligors that are neithernot Canadian Domiciled Obligors nor, Mexican Domiciled Obligors or UK Domiciled Obligors, in each case to be applied
ratably: 
 (i)        first, to all fees,
indemnification, costs and expenses, including Extraordinary Expenses, owing to Agent or any Security Trustee, to the extent owing by Foreign Obligorsowing with respect to all Obligations; 

(ii)       second, (A) to
all
amounts
owing
to
U.S.
Swingline
Lender
or
Agent on U.S. Swingline Loans, U.S. Protective Advances, and U.S. Revolver Loans and participations that a Defaulting Lender has
failed to settle or fund, (B) to all amounts owing to Canadian Swingline Lender or Agent on Canadian Swingline Loans, Canadian Protective Advances, Canadian Revolver Loans and participations
that a Defaulting Lender has failed to settle or fund and
(BC) to all amounts owing to UK Swingline Lender or Agent on UK Swingline Loans, UK Protective Advances, UK Revolver Loans and participations that a Defaulting Lender has failed to settle or fund; 

(iii)      third,
to
all
amounts
owing
to
U.S.
Issuing
Bank
on
U.S.
LC
Obligations, all amounts owing to Canadian Issuing Bank on Canadian LC
Obligations and all amounts owing to UK Issuing Bank on UK LC Obligations; 

(iv)      fourth, to
all 
Foreign Facility
 Obligations (other than Secured Bank Product Obligations) constituting fees, indemnification, costs or
expenses owing by any of the
Foreign Obligors to Lenders;

 (v)       fifth, to all Foreign
Facility Obligations (other than Secured Bank Product Obligations) constituting interest owing by any of the
Foreign Obligors; 

  
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 (vi)      sixth, to
Cash Collateralize all U.S. LC Obligations, Canadian LC Obligations and all UK LC Obligations; 

(vii)     seventh, to all U.S. Revolver Loans, all Canadian Revolver Loans, all UK Revolver
Loans and to Secured Bank Product Obligations of Foreign Obligors arising under Hedging Agreements (including Cash Collateralization thereof) up to the amount of U.S. Availability
Reserves, Canadian Availability Reserves or UK Availability Reserves, as applicable, existing therefor; 

(viii)    eighth, to all other Secured Bank Product Obligations of any of the Foreign Obligors; and 

(ix)      ninth, to be applied ratably to all other 
Foreign Facility
Obligations as determined by Agent in its Permitted Discretion. 

Amounts shall be applied to payment of each category of Obligations set forth within subsections (a) through (d) above, as applicable,
only after Full Payment of amounts payable from time to time under all preceding categories set forth within such subsection. If amounts are insufficient to satisfy a category, they shall be paid ratably among outstanding Obligations in the
category. Monies and proceeds obtained from an Obligor shall not be applied to its Excluded Swap Obligations, but appropriate adjustments shall be made with respect to amounts obtained from other Obligors to preserve the allocations in any
applicable category. Agent shall have no obligation to calculate the amount of any Secured Bank Product Obligation and may request a reasonably detailed calculation thereof from a Secured Bank Product Provider. If the provider fails to deliver the
calculation within five days following request, Agent may assume the amount is zero. The allocations set forth in this Section are solely to determine the rights and priorities among Secured Parties, and may be changed by agreement of the affected
Secured Parties, without the consent of any Obligor (so long as such change could not reasonably
be expected to result in material adverse tax consequences to an Obligor or a Subsidiary of an Obligor under Section 956 of the Code). This Section is not for the benefit of or enforceable by any Obligor, and each Borrower irrevocably waives
the right to direct the application of any payments or Collateral proceeds subject to this
Section. Any amount applied to the U.S. Revolver Loans shall be applied first to the U.S.
Revolver Loans that are not FILO Loans until repaid in full, and then to
FILO Loans.

 5.5.3         Erroneous Application. Agent shall not be liable for
any application of amounts made by it in good faith and, if any such application is subsequently determined to have been made in error, the sole recourse of any Lender or other Person to which such amount should have been made shall be to recover
the amount from the Person that actually received it (and, if such amount was received by a Secured Party, the Secured Party agrees to return it). 

5.6        Dominion Account. The available amount in the Dominion
Accounts of each Borrower as of the end of a Business Day shall be applied to the Obligations of the Obligor Group to which such Borrower belongs at the beginning of the next Business Day during any Dominion Trigger Period; provided that during any
Dominion Trigger Period, Obligors shall cause all amounts in excess of $400,000 in the aggregate in the deposit accountsDeposit Accounts of Canadian Borrower (taken as a whole) to be wire transferred in immediately available funds no later than the Business Day
after exceeding such threshold as follows: (i) to the extent such monies are in U.S. Dollars, to the New York Account, and (ii) to the extent such monies are in Canadian Dollars, to the Toronto Account. All such amounts shall be applied to
the Canadian Facility Obligations. Notwithstanding the foregoing, during the Senior Term Period, (i) the Obligors shall not have any obligation to deposit any proceeds of any Senior Term Loan into a Dominion Account or otherwise cause the same
to be applied to the Obligations while any Dominion Trigger Period is in effect and (ii) so long as no Event of Default shall have occurred and 

  
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 be continuing, Agent shall not initiate a sweep of balances in (A) the operating
account of Horizon Global Company LLC ending in ’89, (B) the account of Cequent UK Limited ending in ‘7981 or (C) the account of Cequent UK Limited ending in ‘2002. If a credit balance results from such application, it shall not
accrue interest in favor of Borrowers and shall be made available to Borrowers of the applicable Borrower Group as long as no Default exists. 

5.7        Account Stated. Agent shall maintain, in accordance with its
customary practices, loan account(s) evidencing the Debt of Borrowers hereunder. Any failure of Agent to record anything in a loan account, or any error in doing so, shall not limit or otherwise affect the obligation of Borrowers to pay any amount
owing hereunder. Entries made in a loan account shall constitute presumptive evidence of the information contained therein. If any information contained in a loan account is provided to or inspected by any Person, the information shall be conclusive
and binding on such Person for all purposes absent manifest error, except to the extent such Person notifies Agent in writing within 30 days after receipt or inspection that specific information is subject to dispute. 

5.8        Taxes. 

5.8.1            Payments Free of Taxes; Obligation to
Withhold; Tax Payment. 
 (a)        All payments of
Obligations by Obligors shall be made without deduction or withholding for any Taxes, except as required by Applicable Law. If Applicable Law requires the deduction or withholding of any Tax from any such payment by Agent or an Obligor, then Agent
or such Obligor shall be entitled to make such deduction or withholding based on information and documentation provided pursuant to Section 5.9. 

(b)        If Agent or any Obligor is required by the Code to
withhold or deduct Taxes, including backup withholding and withholding taxes, from any payment, then (i) Agent shall pay the full amount that it determines is to be withheld or deducted to the relevant Governmental Authority pursuant to the
Code, and (ii) to the extent the withholding or deduction is made on account of Indemnified Taxes, the sum payable by the applicable Obligor shall be increased as necessary so that the Recipient receives an amount equal to the sum it would have
received had no such withholding or deduction been made. 

(c)        If Agent or any Obligor is required by any Applicable Law
other than the Code to withhold or deduct Taxes, including backup withholding and withholding taxes, from any payment, then (i) Agent or such Obligor, as required by Applicable Law, shall pay the full amount that it determines is to be withheld
or deducted to the relevant Governmental Authority pursuant to such Applicable Law, and (ii) to the extent the withholding or deduction is made on account of Indemnified Taxes, the sum payable by the applicable Obligor shall be increased as
necessary so that the Recipient receives an amount equal to the sum it would have received had no such withholding or deduction been made. 

5.8.2            Payment of Other Taxes. Without limiting
the foregoing, Borrowers shall timely pay to the relevant Governmental Authority in accordance with Applicable Law, or at Agent’s option, timely reimburse Agent for payment of, any Other Taxes. 

5.8.3            Tax Indemnification. 

(a)        Each Obligor shall indemnify and hold harmless, on a joint
and several basis, each Lender, each Security Trustee and Agent against any Indemnified Taxes (including those imposed or asserted on or attributable to amounts payable under this Section) payable or 

  
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 paid by a Lender, a Security Trustee or Agent or required to be withheld or
deducted from a payment to a Lender, a Security Trustee or Agent, in each case with respect to any Obligations of the Obligor Group to which such Obligor belongs, and any reasonable expenses arising therefrom or with respect thereto, whether or not
such Indemnified Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. The applicable Obligor shall make payment within 10 days after demand for any amount or liability payable under this Section. A certificate
as to the amount of such payment or liability delivered to Borrower Agent by a Lender, a Security Trustee (in each of the foregoing cases, with a copy to Agent) or Agent on its own behalf shall be conclusive absent manifest error. 

(b)        Each Lender shall indemnify and hold harmless, on a
several basis, (i) Agent against any Indemnified Taxes attributable to such Lender (but only to the extent Borrowers have not already paid or reimbursed Agent therefor and without limiting Borrowers’ obligation to do so), (ii) Agent and
Borrowers, as applicable, against any Taxes attributable to such Lender’s failure to maintain a Participant register as required hereunder, and (iii) Agent and Borrowers, as applicable, against any Excluded Taxes attributable to such
Lender, in each case, that are payable or paid by Agent or a Borrower in connection with any Obligations, and any reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes were correctly or legally imposed
or asserted by the relevant Governmental Authority. Each Lender shall make payment within 10 days after demand for any amount or liability payable under this Section. A certificate as to the amount of such payment or liability delivered to any
Lender by Agent or the Borrower Agent shall be conclusive absent manifest error. 

5.8.4        United Kingdom Tax Matters. The provisions of
Section 5.8 (other than this Section 5.8.4) and Section 5.9.1 shall not apply, and instead the provisions of this Section 5.8.4 shall apply, to
any advance under any Loan Document to UK Borrower (the “Relevant Borrower” for the purposes of this Section 5.8.4). For the avoidance of doubt, this Section 5.8.4 shall not apply
to any advance under any Loan Document to any Borrower other than UK Borrower. 

(a)        Definitions. Solely for the purposes of this
Section 5.8.4, the following terms shall have the following meanings: 
 FATCA Deduction: a
deduction or withholding from a payment under a Loan Document required by FATCA.  
 Qualifying Lender: 

(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 Loan Document and is: 

(i)         a Lender; 

(A)        that is a bank (as defined for the purpose of section 879
of the ITA) making an advance under a Loan Document; or 

(B)        in respect of an advance under a Loan Document by a
Person that was a bank (as defined for the purpose of section 879 of the ITA) at the time that such advance under a Loan Document was made, 

  
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 and, in each case, which is within the charge to United Kingdom Corporation Tax with respect
to 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)        a Lender which is: 

(A)         a company resident in the United Kingdom for United
Kingdom Tax purposes; 
 (B)        a partnership, each member of
which is: 
 (1)         a company so resident in the United
Kingdom; or 
 (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 

(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;
or 
 (iii)      a Treaty Lender; or 

(b)a        a building society (as defined for the purposes of section 880 of the ITA)
making an dvance. 
 Tax Confirmation: a confirmation by a Lender that the person beneficially entitled to interest
payable to that Lender in respect of an advance under a Loan 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: 

(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 
 (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. 
 Tax Credit: a credit against, relief or remission for, or repayment of,
any Tax. 

  
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 Tax Deduction: a deduction or withholding for or on account of Tax
from a payment under a Loan Document, other than a FATCA Deduction. 
 Tax Payment: either the increase in a payment
made by an Obligor to a Lender or Agent under Section 5.8.4(b) or 5.8.4(c). 
 Treaty
State: a jurisdiction having a Treaty with the United Kingdom which makes provision for full exemption from Tax imposed by the United Kingdom on interest. 

UK Non-Bank Lender: 

(a)        a Lender (which falls within clause (a)(ii) of the definition of Qualifying
Lender) which is a party to this Agreement and which has provided a Tax Confirmation to Agent; and 

(b)        where a Lender becomes a party after the Closing Date, an Eligible Assignee
which gives a Tax Confirmation in the Assignment which it executes on becoming a party hereunder. 

(b)        Tax Gross-up. 

(i)        Each Relevant Borrower shall make all payments to be made
by it under any Loan Document without any Tax Deduction unless a Tax Deduction is required by Applicable 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 Agent accordingly. Similarly, a Lender shall promptly notify Agent on becoming so aware in respect of a payment payable to that Lender. If
Agent receives such notification from a Lender it shall notify the Relevant Borrower. 

(iii)      If a Tax Deduction is required by Applicable Law 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 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)(ii) of the definition of Qualifying Lender, and: 

(1)        an officer of H.M. Revenue & Customs has given
(and not revoked) a direction (a “Direction”) under section 931 of the ITA which 

  
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relates to the payment and that Lender has received from the Relevant Borrower making the payment a certified copy of that Direction; and 

(2)        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)(ii) of the definition of Qualifying Lender and: 

(1)        the relevant Lender has not given a Tax Confirmation to
the Relevant Borrower; and 
 (2)        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 ITA; or 

(D)        the relevant Lender is a 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 clause (b)(vii), (b)(xi) or (f)(i) (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 Agent for the benefit of the Lender entitled to the payment a statement under section 975 of the 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 Treaty Lender and each Relevant Borrower which makes a payment to which
that 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 clause (b)(vii) above shall require a 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 
 (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 subsections (b)(xi) or (f)(i) (HMRC DT Treaty Passport scheme confirmation) and the Relevant
Borrower making that payment has not complied with its 

  
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 obligations under subsections (b)(xii) or (f)(ii) (HMRC DT
Treaty Passport scheme confirmation). 
 (ix)      A UK Non-Bank Lender which becomes a party on the day on which this Agreement is entered into gives a Tax Confirmation to Agent by entering into this Agreement. 

(x)       A UK Non-Bank Lender
shall promptly notify Agent and the Relevant Borrower if there is any change in the position from that set out in the Tax Confirmation. 

(xi)      A 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 Agent and without liability to any
Relevant Borrower) by notifying Agent and the Relevant Borrower of its scheme reference number and its jurisdiction of Tax residence. 

(xii)     Where a Lender notifies Agent and the Relevant Borrower as described in
clause (b)(xi) above 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 Lender with a copy of
that filing. 
 (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 clause (b)(xi) above or clause (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. 

(c)        Tax Indemnity. 

(i)        The Relevant Borrowers shall (within three
(3) Business Days of demand by Agent) pay to a Protected Party an amount equal to the loss, liability or cost which that Protected Party determines will be or has been (directly or indirectly) suffered for or on account of Taxes by that
Protected Party in respect of a Loan Document. 
 (ii)       Clause
(c)(i) above shall not apply: 
 (A)        with respect to
any Taxes that are described in clause (a) of the definition of Excluded Taxes; or 

(B)        to the extent a loss, liability or cost: 

(1)        is compensated for by an increased payment under
Section 5.8.4(b)(iii); 
  

(2)        would have been compensated for by an increased payment
under Section 5.8.4(b)(iii) but was not so compensated solely because one of the exclusions in Section 5.8.4(b)(iv) applied; or 

(3)        relates to a FATCA Deduction. 

  
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 (iii)      A Protected
Party making, or intending to make a claim under Section 5.8.4(c)(i) above shall promptly notify Agent of the event which will give, or has given, rise to the claim, following which Agent shall notify the Borrower Agent. 

(iv)       A Protected Party shall, on receiving a payment from the
Relevant Borrowers under this Section 5.8.4(c), notify Agent. 

(d)        Tax Credit. If a Relevant Borrower makes a Tax Payment and the
relevant Protected Party determines that: 
 (i)        a Tax
Credit is attributable either to an increased payment of which that Tax Payment forms part, or to that Tax Payment; and 

(ii)      that Protected Party has obtained and utilized that Tax Credit, 

the relevant Protected Party shall pay an amount to the Relevant Borrower which that Protected Party 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. 

(e)        Lender Status Confirmation. Each New Lender shall indicate, in the
Assignment which it executes on becoming a party, and for the benefit of 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 Treaty Lender);
or 
 (iii)        a Treaty Lender. 

If a New Lender fails to indicate its status in accordance with this Section 5.8.4(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 Agent which category of Qualifying Lender applies (and
Agent, upon receipt of such notification, shall inform the Relevant Borrower). For the avoidance of doubt, an Assignment shall not be invalidated by any failure of a New Lender to comply with this Section 5.8.4(e). 

(f)        HMRC DT Treaty Passport Scheme Confirmation. 

(i)          A New Lender that is a 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 Agent and without liability to any Relevant Borrower) in the
Assignment which it executes by including its scheme reference number and its jurisdiction of Tax residence in that Assignment. 

(ii)         Where an Assignment includes the indication
described in clause (f)(i) above in the relevant Assignment, each Relevant Borrower which is a party as a Borrower as at the date that the relevant Assignment is executed (the “HMRC Transfer Date”) shall file a duly completed
form DTTP2 in respect of such Lender with HM Revenue & Customs within 30 days of that HMRC Transfer Date and shall promptly provide the Lender with a copy of that filing. 

  
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 (g)        United Kingdom Stamp
Taxes. The Relevant Borrowers shall pay and, within three (3) Business Days of demand, indemnify each Lender against any cost, loss or liability that Lender incurs in relation to all stamp duties, registration or other similar Taxes payable
in respect of any Loan Document. 
 (h)        Value Added Tax. 

(i)          All amounts set out or expressed in a Loan
Document to be payable by any party to any Lender which (in whole or in part) constitute the consideration for a supply or supplies for VAT purposes shall be deemed to be exclusive of any VAT which is chargeable on such supply or supplies, and
accordingly, subject to clause (ii) below, if VAT is or becomes chargeable on any supply made by any Lender to any party under a Loan Document, that party shall pay to the Lender (in addition to and at the same time as paying any other
consideration for such supply) an amount equal to the amount of such VAT (and such Lender shall promptly provide an appropriate VAT invoice to such party). 

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

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

 (B)        (where the VAT Recipient is the person required to
account to the relevant Tax authority for the VAT), the VAT Relevant Party must promptly, following demand from the VAT Recipient, pay to the VAT Recipient an amount equal to the VAT chargeable on that supply. The VAT Recipient must (where this
subsection (ii)(B) applies) promptly pay to the VAT Relevant Party an amount equal to any credit or repayment the VAT Recipient receives from the relevant Tax authority which the VAT Recipient reasonably determines relates to the VAT
chargeable on that supply. 
 (iii)      Where a Loan Document requires any
party to reimburse or indemnify a Lender for any cost or expense in connection with such Loan Document, the reimbursement or indemnity (as the case may be) shall be for the full amount of such cost or expense, including such part thereof as
represents VAT, save to the extent that such Lender reasonably determines that it is entitled to credit or repayment in respect of such VAT from the relevant Tax authority). 

(iv)        Any reference in this Section 5.8.4
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 representative member of such group at such time (the
term “representative member” to have the same meaning as in the United Kingdom Value Added Tax Act 1994). 

  
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 (v)        In
relation to any supply made by a Lender to any party under a Loan Document, if reasonably requested by such Lender, that party must as promptly as reasonably practicable provide such Lender with details of that party’s VAT registration and such
other information as is reasonably requested in connection with such Lender’s VAT reporting requirements in relation to such supply. 

(i)        FATCA Deduction. 

(i)         The Relevant Borrower (and Agent to the extent it
makes a payment on behalf of the Relevant Borrower) may make any FATCA Deduction it is required to make by FATCA, and any payment required in connection with that FATCA Deduction, and shall not 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. 

(ii)        Each party to this Agreement shall promptly, upon
becoming aware that it must make a FATCA Deduction to which Section 5.8.4(i)(i) above applies (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 Relevant Borrower and Agent. 
 Except as otherwise expressly provided in this
Section 5.8.4, a reference to “determines” or “determined” in connection with Tax provisions contained in Section 5.8.4 means a determination made in the absolute discretion of
the person making the determination. 
 5.8.5        Evidence of Payments.
If Agent or an Obligor pays any Taxes pursuant to this Section, then upon request, Agent shall deliver to Borrower Agent or Borrower Agent shall deliver to Agent, respectively, a copy of a receipt issued by the appropriate Governmental Authority
evidencing the payment, a copy of any return required by Applicable Law to report the payment, or other evidence of payment reasonably satisfactory to Agent or Borrower Agent, as applicable. 

5.8.6        Treatment of Certain Refunds. If any party determines in its sole
discretion exercised in good faith that it has received a refund of any Taxes as to which it has been indemnified by Borrowers or with respect to which an Obligor has paid additional amounts pursuant to this Section, it shall pay Borrowers an amount
equal to such refund (but only to the extent of indemnity payments made, or additional amounts paid, by Obligors with respect to the Taxes giving rise to such refund), net of all
out-of-pocket expenses (including Taxes) incurred by such party, and without interest (other than any interest paid by the relevant Governmental Authority with respect
to such refund), provided that Borrowers agree, upon request by such party, to repay the amount paid over to Borrowers (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) to such party if such party is
required to repay such refund to the Governmental Authority. Notwithstanding anything herein to the contrary, no Recipient shall be required to pay any amount to Borrowers if such payment would place the Recipient in a less favorable net after-Tax position than it would have been in if the Tax subject to indemnification and giving rise to such refund had not been deducted, withheld or otherwise imposed and the indemnification payments or additional
amounts with respect to such Tax had never been paid. In no event shall Agent or any Lender be required to make its tax returns (or any other information relating to its taxes that it deems confidential) available to any Borrower or other Person.

 5.8.7        Lenders/Issuing Bank. For purposes of Sections 5.8
and 5.9, the term “Lender” shall include the Issuing Bank. 

5.8.8        Survival. Each party’s obligations under Sections 5.8
and 5.9 shall survive the resignation or replacement of Agent or any assignment of rights by or replacement of a Lender, the 

  
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termination of the Commitments, and the repayment, satisfaction, discharge or Full Payment of any Obligations. 

5.9        Lender Tax Information. 

5.9.1        Status of Lenders. Any Lender that is entitled to an exemption
from or reduction of withholding Tax with respect to payments of Obligations shall deliver to Borrower Agent and Agent properly completed and executed documentation reasonably requested by Borrowers or Agent as will permit such payments to be made
without or at a reduced rate of withholding. In addition, any Lender, if reasonably requested by Borrower Agent or Agent, shall deliver such other documentation prescribed by Applicable Law or reasonably requested by Borrower Agent or Agent to
enable them to determine whether such Lender is subject to backup withholding or information reporting requirements. Notwithstanding the foregoing, such documentation (other than documentation described in Sections 5.9.2(a), (b) and
(d)) shall not be required if a Lender reasonably believes delivery of the documentation would subject it to any material unreimbursed cost or expense or would materially prejudice its legal or commercial position. Person, 

5.9.2        Documentation. Without limiting the foregoing, if any Borrower is
a U.S. 
 (a)        Any Lender that is a U.S. Person shall deliver
to Borrower Agent and Agent on or prior to the date on which such Lender becomes a Lender hereunder (and from time to time thereafter upon reasonable request of Borrower Agent or Agent), executed originals of IRS Form
W-9, certifying that such Lender is exempt from U.S. federal backup withholding Tax; 

(b)        Any Foreign Lender (as used in this
Section 5.9.2, “Foreign Lender” means a Lender or Issuing Bank that is not a U.S. Person) shall, to the extent it is legally entitled to do so, deliver to Borrower Agent and Agent (in such number of copies as
shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender hereunder (and from time to time thereafter upon reasonable request of Borrower Agent or Agent), whichever of the following is applicable:

 (i)         in the case of a Foreign Lender claiming the
benefits of an income tax treaty to which the United States is a party, (x) with respect to payments of interest under any Loan Document, executed originals of IRS Form
W-8BEN-E establishing an exemption from or reduction of U.S. federal withholding Tax pursuant to the “interest” article of such tax treaty, and (y) with
respect to other payments under the Loan Documents, IRS Form W-8BEN-E establishing an exemption from or reduction of U.S. federal withholding Tax pursuant to the
“business profits” or “other income” article of such tax treaty; 

(ii)        executed originals of IRS Form W-8ECI; 
 (iii)       in the case of
a Foreign Lender claiming the benefits of the exemption for portfolio interest under Section 881(c) of the Code, (x) a certificate in form satisfactory to Agent to the effect that such Foreign Lender is not a “bank” within the
meaning of Section 881(c)(3)(A) of the Code, a “10 percent shareholder” of a Borrower within the meaning of Section 881(c)(3)(B) of the Code, or a “controlled foreign corporation” described in
Section 881(c)(3)(C) of the Code (“U.S. Tax Compliance Certificate”), and (y) executed originals of IRS Form W-8BEN-E; or 

  
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 (iv)      to the extent a
Foreign Lender is not the beneficial owner, executed originals of IRS Form W-8IMY, accompanied by IRS Form W-8ECI, IRS Form W-8BEN-E, a U.S. Tax Compliance Certificate in form satisfactory to Agent, IRS Form W-9, and/or other certification documents from each beneficial owner, as applicable;
provided that if the Foreign Lender is a partnership and one or more direct or indirect partners of such Foreign Lender are claiming the portfolio interest exemption, such Foreign Lender may provide a U.S. Tax Compliance Certificate on behalf
of each such direct and indirect partner; 
 (c)        any Foreign
Lender shall, to the extent it is legally entitled to do so, deliver to Borrower Agent and Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender hereunder (and
from time to time thereafter upon the reasonable request of Borrower Agent or Agent), executed originals of any other form prescribed by Applicable Law as a basis for claiming exemption from or a reduction in U.S. federal withholding Tax, duly
completed, together with such supplementary documentation as may be prescribed by Applicable Law to permit Borrowers or Agent to determine the withholding or deduction required to be made; and 

(d)        if payment of an Obligation to a Lender would be subject
to U.S. federal withholding Tax imposed by FATCA if such Lender were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code), such Lender shall deliver to
Borrower Agent and Agent at the time(s) prescribed by law and otherwise as reasonably requested by Borrower Agent or Agent such documentation prescribed by Applicable Law (including Section 1471(b)(3)(C)(i) of the Code) and such additional
documentation reasonably requested by Borrower Agent or Agent as may be necessary for them to comply with their obligations under FATCA and to determine that such Lender has complied with its obligations under FATCA or to determine the amount to
deduct and withhold from such payment. Solely for purposes of this clause (d), “FATCA” shall include any amendments made to FATCA after the Original Closing Date, and for purposes of Section 5.8 and
Section 5.9, the term “Applicable Law” shall include FATCA. 

5.9.3        Redelivery of Documentation. If any form or certification
previously delivered by a Lender pursuant to this Section expires or becomes obsolete or inaccurate in any respect, such Lender shall promptly update the form or certification or notify Borrower Agent and Agent in writing of its inability to do so.

 5.9.4        FATCA Non-grandfathered
Obligation. For purposes of determining withholding Taxes imposed under FATCA, the Obligors and Agent shall treat (and the Lenders hereby authorize Agent to treat) the Loan Documents as not qualifying as a “grandfathered obligation”
within the meaning of Treasury Regulation Section 1.1471-2(b)(2)(i). 

5.10        Nature and Extent of Each Borrower’s Liability. 

5.10.1        Joint and Several Liability of U.S. Obligors. 

(a)        Each 
U.S. Obligor agrees
that it is jointly and severally liable for, and absolutely, irrevocably
and unconditionally guarantees to Agent and the other Secured Parties the prompt payment and performance of, all Obligations, except (but excluding its Excluded Swap
Obligations). Each 
U.S. Obligor agrees that its guarantee obligations hereunder constitute a continuing guarantyguarantee of payment and not of collection, that such guarantee obligations shall not be discharged until Full Payment of
theall Obligations, and that such guarantee

  
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 obligations are absolute and unconditional, irrespective of (ai) the genuineness, validity, regularity, enforceability, subordination or any future
modification of, or change in, any
ObligationsObligation or any Loan Document, or any other
document, instrument or agreement to which any Obligor is or may become a party or be bound;
(bii) the absence of any action to enforce
this Agreement (including this Section) or any other Loan Document, or any waiver, consent or indulgence of any kind by Agent,
any Security Trustee or any other Secured Party with respect thereto; (ciii) the existence, value or condition of, or failure to perfect a Lien or to preserve rights against, any security or guaranty for any Obligations or any action, or the absence of any action, by Agent or any other Secured Party in
respect thereof (including the release of any security or guaranty); (d) the insolvency of any Obligor; (e) any election by Agent or any other Secured Party in an Insolvency Proceeding for the application of
Section 1111(b)(2) of the U.S. Bankruptcy Code; (f) any borrowing or grant of a Lien by any other Obligor, as debtor-in-possession under
Section 364 of the U.S. Bankruptcy Code or otherwise; (g) the disallowance of any claims of Agent or any other Secured Party against any Obligor for the
repayment of any Obligations under Section 502 of the U.S. Bankruptcy Code or
otherwise; or (h) any other action or circumstances that might otherwise
constitute a legal or equitable discharge or defense of a surety or guarantor, except Full Payment of all Obligations. 

5.10.2  
      Waivers by U.S.
Obligors. 

(a)      
  Each U.S. Obligor expressly waives all rights that it may have now or in the future under any statute, at common law, in equity or otherwise, to compel
Agent or any other Secured Party to marshal assets or to proceed against any Obligor, other Person or security for the payment or performance of any Obligations before, or as a condition to, proceeding against such Obligor. Each U.S. Obligor waives
all defenses available to a surety, guarantor or accommodation co-obligor other than Full Payment of Obligations and waives, to the maximum extent permitted by law, any right to revoke any guaranty of Obligations as long as it is an Obligor. It is
agreed among each U.S. Obligor, Agent and the other Secured Parties that the provisions of this Section
5.10 are of the essence of the transaction contemplated by the
Loan Documents and that, but for such provisions, Agent, Issuing Banks and Lenders would decline to make Loans and issue Letters of Credit. Each U.S Obligor acknowledges that its guaranty pursuant to this Section is necessary to the conduct and
promotion of its business, and can be expected to benefit
such business.

(b)      
  Agent and the other Secured Parties may, in their discretion, pursue such rights and remedies as they deem appropriate, including realization upon
Collateral or any Real Estate by judicial foreclosure or nonjudicial sale or enforcement, without affecting any rights and remedies under this Section 5.10. If, in taking any action in
connection with the exercise of any rights or remedies, Agent or any other Secured Party shall forfeit any other rights or remedies, including the right to enter a deficiency judgment against any U.S. Obligor or other Person, whether because of any
Applicable Laws pertaining to “election of remedies” or otherwise, each U.S. Obligor consents to such action and waives any claim based upon it, even if
the action may result in loss of any rights of subrogation that any U.S. Obligor might otherwise have had. Any election of remedies that results in denial or impairment of the right of Agent or any other Secured Party to seek a deficiency judgment
against any Obligor shall not impair any other U.S. Obligor’s obligation to pay
the full amount of the Obligations. Each U.S. Obligor waives all rights and defenses arising out of an election of remedies, such as nonjudicial foreclosure with respect to any security for Obligations, even though that election of remedies destroys
such U.S. Obligor’s rights of subrogation against any other Person. Agent may
bid Obligations, in whole or part, at any foreclosure, 
trustee 
or 
other sale, 
including any 
private sale, and the 
amount 
of such 

  
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 bid need
not be paid by Agent but shall be credited against the Obligations. The amount of the successful bid at any such sale, whether Agent or any other Person is the successful bidder, shall be conclusively deemed to be the fair market value of the
Collateral of the U.S. Obligors, and the difference between such bid amount and the remaining balance of the Obligations shall be conclusively deemed to be the amount of the Obligations guaranteed under this Section 5.10, notwithstanding that any present or future law or court decision may have the effect of reducing the amount of any deficiency claim to which Agent or any other Secured Party might
otherwise be entitled but for such bidding at any such sale. 

5.10.3        
Extent of Liability of U.S. Obligors; Contribution. 

(a)      
  Notwithstanding anything herein to the contrary, each U.S. Obligor’s liability under this Section 5.10 shall not exceed the greater of (i) all
amounts for which such U.S. Obligor is primarily liable, as described in clause (c) below, and (ii) such U.S. Obligor’s Allocable Amount. 

(b)      
  If any U.S. Obligor makes a payment under this Section 5.10 of any Obligations (other than amounts for which such U.S. Obligor is
primarily liable) (a “Guarantor Payment”) that, taking into account all other Guarantor Payments previously or concurrently made by any other U.S. Obligor, exceeds the amount that such U.S. Obligor would otherwise have paid if each U.S.
Obligor had paid the aggregate Obligations satisfied by such Guarantor Payments in the same proportion that such U.S Obligor’s Allocable Amount bore to the total Allocable Amounts of all U.S. Obligors, then such U.S. Obligor shall be entitled
to receive contribution and indemnification payments from, and to be reimbursed by, each other U.S. Obligor for the amount of such excess, ratably based on their respective Allocable Amounts in effect immediately prior to such Guarantor Payment. The
“Allocable Amount”
for any U.S. Obligor shall be the maximum amount that could then be recovered from such U.S. Obligor under this Section 5.10 without rendering such payment voidable under Section 548 of the U.S. Bankruptcy Code or under any applicable state
fraudulent transfer or conveyance act, or similar statute or common law. 
 (c)        Nothing contained in this
Section 5.10.3 shall limit the liability of any Obligor to pay or guarantee Loans made directly or indirectly to it (including Loans advanced hereunder to any other Person and then re-loaned or otherwise transferred
to, or for the benefit of, such Obligor), LC Obligations relating to Letters of Credit issued to support its business, Secured Bank Product Obligations incurred to support its business, and all accrued interest, fees, expenses and other related
Obligations with respect thereto, for which such Obligor shall be primarily liable for all purposes hereunder.

5.10.4        Joint
and Several Liability of Foreign Obligors.(a) Each Foreign Obligor agrees that it is jointly and severally liable for, and absolutely, irrevocably and unconditionally guarantees to Agent and the other Foreign Facility Secured Parties the prompt
payment and performance of, all Foreign Facility Obligations (but excluding for the avoidance of doubt, any U.S. Facility Obligations and its Excluded Swap Obligations) (the “Foreign Cross-Guarantee”). Each Foreign Obligor agrees that its guarantee obligations hereunder
constitute a continuing guarantee of payment and not of collection, that such guarantee obligations shall not be discharged until Full Payment of all Foreign Facility Obligations, and that such guarantee obligations are absolute and unconditional, irrespective of (i) the genuineness, validity,
regularity, enforceability, subordination or any future modification of, or change in, any Foreign Facility Obligation or any Loan Document, or any other document, instrument or agreement to which any Obligor is or may become a party or be bound;
(ii) the absence of any action to enforce this 

  
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 Agreement (including this
Section) or any other Loan Document, or any waiver, consent or indulgence of any kind by Agent, any Security Trustee or any other Foreign Facility Secured Party with respect thereto; (iii) the existence, value or condition of, or failure to perfect, register, stamp or terminate a Lien or to preserve rights against, any security or guaranty for the
Foreign Facility Obligations or
any action, or the absence of any action, by Agent, any Security Trustee or any
other Foreign Facility Secured Party in respect thereof (including the release, variation or discharge of any security or guarantee of, or the
release of, any Obligor or any other Person (other than a release of such
Foreign Obligor) whether under
the terms of any proposal, composition or arrangement with any creditor of any Obligor or any other Person or otherwise); (iv) the insolvency of any Obligor or any Insolvency Proceeding in relation to any Obligor; (v) any election by Agent or any
other Secured Party in an Insolvency Proceeding for the application of Section 1111(b)(2) of the U.S. Bankruptcy Code (or the substantial equivalent under any other Applicable Law); (vi) any borrowing or grant of a Lien by any other Obligor, as
debtor-in-possession under Section 364 of the U.S. Bankruptcy Code (or the substantial equivalent under any other Applicable Law) or otherwise; (vii) the
disallowance of any claims of Agent or any other Secured Party against any Obligor for the repayment of any Obligations under Section 502 of the U.S. Bankruptcy Code (or the substantial equivalent under any other Applicable Law) or otherwise;
(viii) any incapacity or lack of power, authority or legal personality of, or dissolution or change in the members or status of, any Obligor or any other Person; or (ix) any other action or circumstances that might otherwise constitute a
legal or equitable discharge or defense of a surety or guarantor, except Full Payment of
all Foreign Facility Obligations. 

(b)        Each Foreign Obligor agrees with
each 
Foreign Facility Secured Party and its successors and permitted assigns that if any obligation guaranteed by it is or becomes unenforceable,
invalid or illegal, it will, as an independent and primary obligation, indemnify that Foreign
Facility Secured Party and its successors and permitted assigns immediately on demand against any cost,
loss or liability it incurs as a result of a Foreign Obligor not paying any amount which would, but for such unenforceability, invalidity or illegality, have been payable by it
under any Loan Document on the date when it would have been due. The amount payable by a
Foreign Obligor under this
indemnity will not exceed the amount it would have had to pay under this Section 5.10 if the amount claimed had been recoverable on the basis of a guarantee. 

(c)        Without prejudice to the generality of Section 
5.10.45.10.1(a) above,
each 
Foreign Obligor expressly confirms that it intends that the guarantee created by this
Section 
5.10.45.10.1 shall extend from time to time to any (however fundamental) variation, increase,
extension or addition of or to any of the Loan Documents and/or any facility or amount made available under any of the Loan Documents for the purposes of or in connection with (i) acquisitions of any nature; (ii) increasing working
capital; (iii) enabling investor distributions to be made; (iv) carrying out restructurings; (v) refinancing existing credit facilities; (vi) refinancing any other Debt; (vii) making credit available to new Foreign Borrower(s); (viii) any other
variation or extension of the purposes for which any such facility or amount might be made available from time to time; and (ix) any fees, costs and/or expenses associated with any of the foregoing. 

5.10.2
        5.10.5 Waivers
by Foreign Obligors. 

(a)
        
Each 
Foreign Obligor hereby
expressly waives all rights that it may have now or in the future under any statute, at common law, in equity or otherwise, to compel Agent, any Security Trustee or any other
Foreign Facility Secured Party
to marshal assets or to proceed against any Obligor, other Person or security for the payment or performance of any Foreign Facility Obligation before, or as a condition to, proceeding against such Obligor. Each Foreign Obligor waives all defenses
available to a surety, guarantor or accommodation co-obligor other 

  
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 than Full Payment of all Foreign Facility Obligations and waives, to
the maximum extent permitted by law, any right to revoke any guaranty of Foreign
Facility Obligations as long as it is an Obligor. It is agreed among each Foreign Obligor, Agent and the other Foreign
Facility Secured Parties that the provisions of this Section 5.10 are of the
essence of the transaction contemplated by the Loan Documents and that, but for such provisions, Agent, Issuing Banks and Lenders would decline to make Loans and issue Letters of Credit to Foreign Borrowers. Each Foreign Obligor acknowledges that its
guaranty pursuant to this Section is necessary to the conduct and promotion of its business and those of its direct or indirect holding companies, and can be expected to benefit such business. 

(b)
        Agent, Security Trustees and the other 
Foreign Facility
 Secured Parties may, in their discretion, pursue such rights and remedies as they deem appropriate,
including realization upon the Collateral or Real Estate by judicial foreclosure or non-judicial sale or enforcement, to the extent permitted under Applicable Law, without affecting any rights and remedies
under this Section 5.10. If, in taking any action in connection with the exercise of any rights or remedies, Agent, any Security Trustee or any other
Foreign Facility Secured Party
shall forfeit any other rights or remedies, including the right to enter a deficiency judgment against any Obligor or other Person, whether because of any Applicable Laws pertaining to “election of remedies” or otherwise, each Foreign Obligor consents to such action and
waives any claim based upon it, even if the action may result in loss of any rights of subrogation that any Foreign Obligor might otherwise have had. Any election of remedies that results in denial or impairment of the right of Agent, any
Security Trustee or any other Foreign Facility Secured Party to seek a deficiency judgment against any Obligor shall not impair any Foreign Obligor’s obligation to pay the full amount of the
Foreign Facility Obligations.
Each 
Foreign Obligor waives all rights and defenses arising out of an election of remedies, such as
nonjudicial foreclosure with respect to any security for the Foreign Facility Obligations, even though that election of remedies destroys such Foreign Obligor’s rights of subrogation against any other Person. Agent may bid Obligations of the 
Foreign Obligors, in whole or in part, at any foreclosure, trustee or other sale, including without
limitation any private sale, and the amount of such bid need not be paid by Agent but shall be credited against the Foreign Facility Obligations. The amount of the successful bid at any such sale, whether Agent or any other Person is the successful bidder,
shall be conclusively deemed to be the fair market value of the Collateral of the
Foreign Obligors, and the
difference between such bid amount and the remaining balance of the Foreign
Facility Obligations shall be conclusively deemed to be the amount of the Foreign
Facility Obligations guaranteed under this Section 5.10, notwithstanding that
any present or future law or court decision may have the effect of reducing the amount of any deficiency claim to which Agent or any other Foreign Facility Secured Party might otherwise be entitled but for such bidding at any such sale. 

(c)
        Each Mexican Domiciled Obligor hereby expressly acknowledges and agrees that this Agreement is governed by the laws of the State of New York as set
forth in Section 14.14 and expressly agrees that any rights and privileges that it might otherwise have under the laws of Mexico shall not be applicable to this Agreement, indemnities and other assurances contained herein or any guarantee
granted by such Mexican Domiciled Obligor, on the date hereof or in the future, pursuant to this Agreement. For such purposes, each Mexican Domiciled Obligor hereby unconditionally and irrevocably waives any rights to which it may be entitled
(including the rights to excusión, orden, división and subrogación), to the extent applicable, under Articles 2813, 2814, 2815, 2816, 2817, 2818, 2819, 2820, 2821, 2822, 2823, 2824, 2826, 2827, 2828, 2830, 2835, 2836, 2837,
2838, 2839, 2840, 2842, 2844, 2846, 2847, 2848 and 2849 of the Federal Civil Code (Código Civil Federal) and the corresponding 

  
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 provisions of the Civil Codes of the States of Mexico and the Federal
District of Mexico (or any successor provisions). Each Mexican Domiciled Obligor represents that (i) it is familiar with the contents of the articles referred to in subparagraph (c) above; (ii) it will receive valuable direct and indirect
benefits as a result of the entering into this Foreign Cross-Guaranty or
anyAgreement and the other Loan DocumentDocuments to which it is a party; (iii) it is solvent (solvente) pursuant to the terms of the Mexican Bankruptcy Law; (iv) it has not
been declared in concurso mercantil or bankruptcy (quiebra) or other similar insolvency procedure; and (v) there is no pending and, to its knowledge, threatened action, claim, requirement or proceeding before any court, governmental agency,
arbitrator or jurisdictional entity that affects or could affect the legality, validity or enforceability of this Foreign Cross-Guaranty.Loan Agreement or any other Loan Document to which each a Mexican Domiciled Obligor is a party. 

5.10.3
        Extent of Liability of U.S. Obligors; Contribution. 

(a)
        Notwithstanding anything herein to the contrary, each U.S. Obligor’s liability under this Section 5.10 shall not exceed the
greater of (i) all amounts for which such U.S. Obligor is primarily liable, as described in clause (c) below, and
(ii) such U.S. Obligor’s Allocable Amount. 

(b)
        If any U.S. Obligor makes a payment under this
Section 5.10 of any Obligations (other than amounts for which such U.S. Obligor is primarily liable)
(a “Guarantor Payment”) that, taking into account all other
Guarantor Payments previously or concurrently made by any other U.S. Obligor, exceeds the amount that such U.S. Obligor would
otherwise have paid if each U.S. Obligor had paid the aggregate Obligations satisfied by such Guarantor Payments in the same proportion that such U.S Obligor’s Allocable Amount bore to the total Allocable Amounts of all U.S. Obligors, then such U.S. Obligor shall be entitled to receive contribution and indemnification payments from, and to be reimbursed by, each other U.S. Obligor for the
amount of such excess, ratably based on their respective Allocable Amounts in effect immediately prior to such Guarantor
Payment. The “Allocable Amount” for any U.S. Obligor shall be the maximum amount that could then be recovered from
such U.S. Obligor under this Section 5.10 without rendering such payment voidable under
Section 548 of the U.S. Bankruptcy Code or under any applicable state fraudulent transfer or conveyance act, or similar
statute or common law. 

(c)
        Nothing contained in this Section 5.10.3 shall limit
the liability of any Obligor to pay or guarantee Loans made directly or indirectly to it (including Loans advanced hereunder to any other Person and then re-loaned or otherwise transferred to, or for the
benefit of, such Obligor), LC Obligations relating to Letters of Credit issued to support its business, Secured Bank Product Obligations incurred to support its business, and all accrued interest, fees, expenses and other related Obligations with
respect thereto, for which such Obligor shall be primarily liable for all purposes hereunder. 

5.10.4
        German Guarantee Limitations. 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 German Domiciled Obligor have assessed
the financing concept provided for in connection with the Loan Documents and are satisfied by its robustness. In the case that during the lifetime of this Agreement the directors of a German Domiciled Obligor reasonably expect to suffer a personal
liability in the case of a demand under the guarantee and indemnity as a result of a change in law or a further interpretation of the foregoing judgements, the Lenders agree to enter into negotiations with that German Domiciled Obligor 

  
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 in order to limit the guarantee
and indemnity in order to avoid a personal liability of the directors of that German Domiciled Obligor. Other limitations and qualifications to the Obligations of any German Domiciled Obligor set forth in Schedule I to the Seventh Amendment may be
agreed in writing by Agent in its discretion. 

5.10.5
   [Reserved].

5.10.6
 U.S. Limitations. To 
the 
extent that 
providing such 
Foreign Cross-Guarantee
would reasonably be expected to result in material adverse tax consequences to an Obligor or a Subsidiary of an Obligor under Section 956 of the Code, the Foreign Cross-Guarantee shall not require any Foreign Obligor that is not or is
not required to be a U.S. Facility Obligor to guarantee any Obligations of any other Foreign Obligor that is disregarded as an entity separate from any U.S. Subsidiary for U.S. federal income tax purposes. 
[Reserved]. 

5.10.7
   Joint Enterprise. Each Borrower has requested that Agent, Issuing Banks and Lenders make this credit facility available to Borrowers on a combined basis, in order to finance
Borrowers’ business most efficiently and economically. Obligors’ business is a mutual and collective enterprise, and the successful operation of each Obligor is dependent upon the successful performance of the integrated group. Borrowers
believe that consolidation of their credit facility will enhance the borrowing power of each Borrower and ease administration of the facility, all to their mutual advantage. Borrowers acknowledge that Agent’s, Issuing Banks’ and
Lenders’ willingness to extend credit and to administer the Collateral on a combined basis hereunder is done solely as an accommodation to Borrowers and at Borrowers’ request. 

5.10.8
         Subordination. Each Obligor hereby subordinates any claims, including any rights at law or in equity to payment, subrogation, reimbursement,
exoneration, contribution, indemnification or set off, that it may have at any time against any other Obligor, howsoever arising, to the Full Payment of all Obligations. 

5.10.9
         Keepwell. Each Obligor that is a Qualified ECP when its guaranty of or grant of Lien as security for a Swap Obligation becomes effective hereby jointly
and severally, absolutely, unconditionally and irrevocably undertakes to provide funds or other support to each Specified Obligor with respect to such Swap Obligation as may be needed by such Specified Obligor from time to time to honor all of its
obligations under the Loan Documents in respect of such Swap Obligation (but, in each case, only up to the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP’s obligations and undertakings under
this Section 5.10 voidable under any applicable fraudulent transfer or conveyance act, and in each case only so long as providing such funds or
support could not reasonably be expected to result in material adverse tax consequences to an Obligor or a Subsidiary of an Obligor under Section 956 of the Code). The obligations and undertakings of each Qualified ECP under this Section shall remain in full force and
effect until Full Payment of all Obligations. Each Obligor intends this Section to constitute, and this Section shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support or other agreement” for the benefit
of, each Obligor for all purposes of the Commodity Exchange Act. 
 5.11     Currency
Matters. Dollars are the currency of account and payment for each and every sum at any time due from Obligors hereunder or under any other Loan Document unless otherwise specifically provided in this Agreement, any other Loan Document or
otherwise agreed to by Agent; provided that: 

  
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 5.11.1   each repayment of a Revolver Loan, LC Obligation or a
part thereof shall be made in the currency in which such Revolver Loan or LC Obligation is denominated at the time of that repayment; 

5.11.2   each payment of interest shall be made in the currency in which the principal or other sum in respect of
which such interest is denominated; 
 5.11.3   (a) each payment of fees pursuant to
Section 3.2.1(c) shall be in Dollars; (b) each payment of fees pursuant to Section 3.2.1(a) shall be in Dollars or Canadian Dollars and (c) each payment of fees pursuant to
Section 3.2.1(b) shall be in Dollars or Sterling, which payment currency, in the case of clauses (b) and (c) above, shall be at the option of the relevant Borrower Group, and the amount of any such payment made in a
currency other than Dollars determined by Agent based on the Spot Rate; 
 5.11.4   each payment of fees pursuant
to Section 3.2.2 shall be in the currency of the underlying Letter of Credit; and 

5.11.5   each payment in respect of Extraordinary Expenses and any other costs, expenses and indemnities shall be
made in the currency in which the same were incurred by the party to whom payment is to be made. 
 No payment to any Credit Party or any
Security Trustee (whether under any judgment or court order or otherwise) shall discharge the obligation or liability of the Obligor in respect of which it was made unless and until such Credit Party or such Security Trustee shall have received Full
Payment in the currency in which such obligation or liability is payable pursuant to the above provisions of this Section 5.11. Agent has the right, at the expense of the applicable Obligor, to convert any payment made in
an incorrect currency into the applicable currency required under this Agreement. To the extent that the amount of any such payment shall, on actual conversion into such currency, fall short of such obligation or liability actual or contingent
expressed in that currency, such Obligor (together with the other Obligors within its Obligor Group or other obligors pursuant to any Guarantee of the Obligations of such Obligor Group) agrees to indemnify and hold harmless such Credit Party or such
Security Trustee, with respect to the amount of the shortfall with respect to amounts payable by such Obligor hereunder, with such indemnity surviving the termination of this Agreement and any legal proceeding, judgment or court order pursuant to
which the original payment was made which resulted in the shortfall. To the extent that the amount of any such payment to a Credit Party or a Security Trustee shall, upon an actual conversion into such currency, exceed such obligation or liability,
actual or contingent, expressed in that currency, such Credit Party or such Security Trustee shall return such excess to the members of the affected Borrower Group. 

SECTION 6 
 CONDITIONS
PRECEDENT 

6.1                    
                 Conditions Precedent to Closing Date. In addition to the conditions set forth in Section 6.2, Lenders shall not
be required to fund any requested Loan, issue any Letter of Credit, or otherwise extend credit to Borrowers hereunder, until the time that each of the following conditions has been satisfied (the date, if any, upon which such conditions are first
satisfied is referred to herein as the “Closing Date”): 

(a)         Each Loan Document shall have been duly executed and
delivered to Agent by each of the signatories thereto, and each Obligor shall be in compliance with all terms 

  
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thereof; provided, however, that Borrowers shall not be required to deliver a Lien Waiver on the Closing Date for a location for which Agent has established a Rent and Charges Reserve.

 (b)         [Reserved.] 

(c)         Each Collateral and Guarantee Requirement shall have been
satisfied and Agent shall have received a completed Perfection Certificate dated as of the Closing Date and signed by an executive officer or Financial Officer of each Obligor, together with all attachments contemplated thereby, including the
results of a search of the Uniform Commercial Code, PPSA and equivalent filings made with respect to the Obligors in the jurisdictions contemplated by the Perfection Certificate and copies of the financing statements (or similar documents) disclosed
by such search and evidence reasonably satisfactory to Agent (including PPSA estoppel letters) that the Liens indicated by such financing statements (or similar documents) are permitted by Section 10.2.2 or have been released or will
be released pursuant to UCC-3 financing statements, PPSA termination statements or other release documentation delivered to Agent. 

(d)         Agent shall have received duly executed agreements
establishing and/or evidencing each Dominion Account and (where applicable) related lockbox and each Controlled Account, each in form and substance, and with financial institutions, satisfactory to Agent. 

(e)         Agent shall have received certificates, in form and
substance satisfactory to it, from a knowledgeable Senior Officer of each Borrower and each Mexican Domiciled Obligor certifying that, after giving effect to the initial Loans and transactions hereunder, (i) no Default exists; (ii) the
representations and warranties set forth in Section 9 are true and correct; and (iii) such Borrower has complied with all agreements and conditions to be satisfied by it under the Loan Documents. 

(f)         Agent shall have received a certificate of a duly
authorized officer of each Obligor, certifying (i) that attached copies of such Obligor’s Organic Documents (including, without limitation, charter documents of such Obligor that are, except with respect to a UK Domiciled Obligor or a
Dutch Domiciled Obligor, certified by the Secretary of State or other appropriate official of such Obligor’s jurisdiction of organization) are true and complete, and in full force and effect, without amendment except as shown; (ii) that an
attached copy of resolutions authorizing execution and delivery of the Loan Documents is true and complete, and that such resolutions are in full force and effect, were duly adopted, have not been amended, modified or revoked, and (with respect to
the U.S. Obligors, together with the resolutions delivered pursuant to Section 6 of the Original Loan Agreement) constitute all resolutions adopted with respect to this credit facility; and (iii) to the title, name and signature of each
Person authorized to sign the Loan Documents. Agent may conclusively rely on this certificate until it is otherwise notified by the applicable Obligor in writing. 

(g)         Agent shall have received a written opinion of Cahill
Gordon & Reindel LLP, as well as any local counsel to Obligors or Agent (including, without limitation, Canadian, English, Mexican and Dutch counsel), in form and substance satisfactory to Agent. 

(h)         Agent shall have received good standing certificates for
each Obligor (other than the Dutch Domiciled Obligors) issued by the Secretary of State or other appropriate official of such Obligor’s jurisdiction of organization and each jurisdiction in the United States, Canada, the United Kingdom, Mexico
or the Netherlands where such Obligor’s conduct of business or ownership of Property necessitates qualification (in each case, to the extent that such 

  
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certificates or certificates of similar subject matter are issued, in general, by such officials in such jurisdictions). 

(i)         Agent shall have received copies of policies or
certificates of insurance for the insurance policies carried by Obligors, together with a loss payable endorsement naming Agent as loss payee and reasonably acceptable to Agent, all in compliance with the Loan Documents. 

(j)         Agent shall have completed its business, financial and
legal due diligence of Obligors, including a roll-forward of its previous field examination, with results satisfactory to Agent. No material adverse change in the financial condition of Obligors and their Subsidiaries, taken as a whole, or in the
quality, quantity or value of any Collateral shall have occurred since December 31, 2014. The capital structure of the Obligors shall be satisfactory to Agent. 

(k)         Borrowers shall have paid all fees and expenses (provided
that legal fees required to be paid as a condition precedent to the occurrence of the Closing Date shall be limited to such legal fees as to which Borrowers have received a summary invoice) required to be paid to Agent and/or the Lenders under the
Loan Documents on or prior to the Closing Date. 
 (l)        
Agent shall have received a Borrowing Base Report as of the most recent month ending at least 15 days prior to the Closing Date. 

(m)         Agent and the Lenders shall have received all
documentation and other information required by bank regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including the Patriot Act and other AML Legislation. 

(n)         Agent shall have received executed copies of the any Term
Loan Document or modifications to the Term Loan Documents executed in connection with the Transactions, which shall be in form and substance satisfactory to Agent and shall be in full force and effect. 

(o)         Agent shall have received the originals of any pledged
Collateral representing all of the issued and outstanding shares of the Equity Interests constituting Collateral and required to be delivered to Agent under the Loan Documents, in each case together with stock powers (or the equivalent, including,
without limitation, endorsements (endosos)) duly executed in blank with respect thereto (except with respect to uncertificated pledged Collateral and such Collateral that constitutes Term Priority Collateral). 

(p)         Agent shall have received payoff or release letters, in
form and substance satisfactory to Agent, confirming that the Obligors and their Subsidiaries are released from all obligations under any Debt not expressly permitted by this Agreement and providing a release of all of the Liens existing with
respect to any such Debt in and to the assets of the applicable Obligors and their Subsidiaries, together with termination statements and other documentation evidencing the termination of any such Liens in and to the properties and assets of the
applicable Obligors and their Subsidiaries. 
 (q)         Agent
shall have received evidence, in form and substance satisfactory to Agent, that the Mexican Domiciled Obligors have irrevocably appointed the Borrower Agent, 

  
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before a Mexican notary public, a special irrevocable power of attorney, in the form of Exhibit E, to act as its agent for service of process. 

6.2        Conditions Precedent to All Credit Extensions. Agent, Issuing
Banks and Lenders shall not be required to fund any Loans, arrange for issuance of any Letters of Credit or grant any other accommodation to or for the benefit of Borrowers, unless the following conditions are satisfied: 

(a)         No Default or Event of Default shall exist at the time
of, or result from, such funding, issuance or grant; 
 (b)        
The representations and warranties of each Obligor in the Loan Documents shall be true and correct on the date of, and upon giving effect to, such funding, issuance or grant (except for representations and warranties that expressly relate to an
earlier date); 
 (c)         All conditions precedent in any other
Loan Document shall be satisfied; 
 (d)         No event shall
have occurred or circumstance exist that has or could reasonably be expected to have a Material Adverse Effect; and 

(e)         With respect to issuance of a Letter of Credit, the LC
Conditions shall be satisfied. 
 Each request (or deemed request) by Borrowers for funding of a Loan, issuance of a Letter of Credit or
grant of an accommodation shall constitute a representation by Borrowers that the foregoing conditions are satisfied on the date of such request and on the date of such funding, issuance or grant. As an additional condition to any funding, issuance
or grant, Agent shall have received such other information, documents, instruments and agreements as it deems appropriate in connection therewith. 

SECTION 7 
 COLLATERAL

 7.1        Grant    of
Security Interest. As security for the full and timely payment and performance of all Obligations, the Borrowers shall, and shall cause each other Obligor to, on or before the Closing Date, subject to any applicable limitations set forth in
the Security Documents, do or cause to be done all things necessary in the opinion of Agent in its Permitted Discretion to cause each Collateral and Guarantee Requirement to be and remain satisfied, all at the expense of such Obligors. Without
limiting the foregoing, the Borrowers shall deliver, and shall cause each other Obligor to deliver, to Agent, in form and substance reasonably acceptable to Agent, the Security Documents to which such Obligors are required to be party and, subject
to the Agreed Security Principles (if applicable) and the limitations set forth in the Security Documents, shall take such further action and deliver or cause to be delivered such further documents as required by the Security Documents or otherwise
as Agent may reasonably request to effect the transactions contemplated by this Section 7. 

7.2        Cash Collateral. 

7.2.1         [Reserved.] 

7.2.2         Cash Collateral. Cash Collateral may be invested, at
Agent’s Permitted Discretion (and with the consent of Borrower Agent, as long as no Event of Default exists), but Agent 

  
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shall have no duty to do so, regardless of any agreement or course of dealing with any Obligor, and shall have no responsibility for any investment or loss. As security for the Obligations, each
Obligor shall grant to Agent, in accordance with the applicable Collateral and Guarantee Requirement, a security interest in and Lien upon all Cash Collateral held from time to time and all
proceeds thereof, whether held in a Cash Collateral Account or otherwise. Agent may apply Cash Collateral of (a) a
U.S.an Obligor to the payment of any Obligations and
(b) a Foreign Obligor to the payment of any Foreign Facility Obligations, in
each case, to the payment of such Obligations as they become due, in such order as Agent may elect. Each
Cash Collateral Account and all Cash Collateral shall be under the sole dominion and control of Agent. No U.S. Obligor or other Person claiming through or on behalf of any
U.S. Obligor shall have any
right to any Cash Collateral until Full Payment of all Obligations. No Foreign Obligor or
other Person claiming through or on behalf of any Foreign Obligor shall have any right to any Cash Collateral until Full Payment of all Foreign Facility
Obligations. 
of all
Obligations. 

7.3        Collateral Assignment of Leases.
To further secure the prompt payment and performance of the Foreign Facility Obligations, each Canadian Domiciled Obligor and each U.S. Domiciled Obligor hereby transfers and assigns to Agent and/or
Security Trustee all of such Obligor’s right, title and interest in, to and under all now or hereafter existing leases of real property with annual rents in excess of $1,500,000 to which such Obligor is a party, whether as lessor or lessee, and
all extensions, renewals, modifications and proceeds thereof. To further secure the prompt payment and performance of all Obligations, each U.S. Obligor hereby transfers and
assigns to Agent all of such Obligor’s right, title and interest in, to and
under all now or hereafter existing leases of real property with annual rents in excess of $1,500,000 to which such Obligor is a party, whether as lessor or lessee, and all extensions, renewals, modifications and proceeds thereof. 

7.4        Limitations. The Lien on Collateral granted under the
Security Documents is given as security only and shall not subject Agent, any Security Trustee, any Issuing Bank or any Lender to, or in any way modify, any obligation or liability of Obligors relating to any Collateral. In no event shall the grant
of any Lien under any Loan Document secure an Excluded Swap Obligation of the granting Obligor. 
 SECTION 8 

COLLATERAL ADMINISTRATION 

8.1        Borrowing Base Reports; Reallocation of U.S. Availability. By
the 15th day of each month, Borrower Agent shall deliver to Agent (and Agent shall promptly deliver same to Lenders) a Borrowing Base Report as of the close of business of the previous month, and at such other times as Agent may request;
provided, that, (A) from the period beginning on the Seventh Amendment Effective Date to and including the date that is 30 days after the Seventh Amendment Effective Date, and
(B) during any Borrowing Base Trigger Period, by Wednesday of each
week, Borrower Agent shall deliver to Agent (and Agent shall promptly deliver same to Lenders) a Borrowing Base Report as of the close of business of the previous week, and at such other times as Agent may request. In addition, (i) Borrower Agent shall deliver to Agent (and Agent shall promptly deliver same to Lenders) Borrowing Base Reports as and when contemplated by Section 9.1.20 and (ii) upon the occurrence and during the continuation of an Event of Default, Borrower Agent shall deliver to Agent (and Agent shall promptly deliver same to Lenders) Borrowing Base Reports on a more frequent
basis if requested by Agent. All information (including calculation of Total Availability and each component of Total Availability) in a Borrowing Base Report shall be certified by Borrower Agent. Agent may from time to time adjust any such report
(a) to reflect Agent’s reasonable estimate of declines in value of Collateral, due to collections received in the Dominion Accounts or otherwise; (b) to adjust advance rates to reflect changes in dilution, quality,

  
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mix and other factors affecting Collateral; and (c) to the extent any information or calculation does not comply with this Agreement. The Borrowers may neither (a) reallocate the
Foreign Allocated U.S. Availability component of any Foreign Borrower’s Borrowing Base if such reallocation would result in an Overadvance for such Foreign Borrower nor (b) allocate U.S. Availability to any Foreign Borrower’s
Borrowing Base if such reallocation would result in a U.S. Overadvance. 

8.2        Accounts. 

8.2.1         Records and Schedules of Accounts. Each Borrower shall keep
accurate and complete records of its Accounts in all material respects, including all payments and collections thereon, in a manner consistent with past business practices, and shall submit to Agent sales, collection, reconciliation and other
reports in form satisfactory to Agent, on such periodic basis as Agent may request. Each Borrower shall also provide to Agent, on each date that a Borrowing Base Report is delivered or required to be delivered pursuant to
Section 8.1, an ineligible Account reconciliation report and a detailed aged trial balance of all Accounts as of the end of the preceding month, specifying each Account’s Account Debtor name and address, amount,
invoice date and due date, showing any discount, allowance, credit, authorized return or dispute, and, if a Borrowing Base Trigger Period is in effect or such materials are reasonably requested by Agent, documents evidencing proof of delivery,
copies of invoices and invoice registers, copies of related documents, repayment histories, status reports and other information as Agent may reasonably request. If Accounts in an aggregate face amount of $2,000,000 or more cease to be Eligible
Accounts, Borrower Agent shall notify Agent of such occurrence promptly (and in any event within one Business Day) after any Borrower has knowledge thereof. 

8.2.2         [Reserved.] 

8.2.3         [Reserved.] 

8.2.4         Maintenance of Dominion Account. Obligors shall maintain each
Dominion Account and each Controlled Account pursuant to lockbox or other arrangements reasonably acceptable to Agent. Each Obligor shall obtain, on or prior to the applicable deadline set forth in the Security Document(s) to which such Obligor is a party, an agreement (in form and substance satisfactory to
Agent) from the lockbox servicers (if applicable), Dominion Account bank (if applicable) and other depositories and securities intermediaries with whom Controlled Accounts are maintained, establishing Agent’s or a Security Trustee’s control over and Lien in the lockboxes (if applicable),
each Dominion Account (if applicable) and each Controlled Account, which
may be exercised by Agent or the applicable Security Trustee during any Dominion Trigger Period, requiring immediate deposit of all remittances received in the lockbox (if applicable) or other Controlled Accounts to a Dominion Account, and waiving
offset rights of such servicer or bank, except for customary administrative charges. If a Dominion Account is not maintained with Bank of America or Bank of America (Canada), Agent may, during any Dominion Trigger Period, require immediate transfer
of all funds in such account to a Dominion Account maintained with Bank of America or Bank of America (Canada), as applicable. Agent and Lenders assume no responsibility to any Obligor for any lockbox arrangement, Controlled Account or Dominion
Account, including any claim of accord and satisfaction or release with respect to any Payment Items accepted by any bank. 

8.2.5         Proceeds of Collateral. ObligorsBorrowers shall request in writing and otherwise take all necessary steps to ensure that all payments on Accounts or otherwise relating to Collateral are made directly to a Dominion Account (or a lockbox relating to a
Dominion Account). If any Obligor or
SubsidiaryBorrower receives cash or Payment Items with respect to
any Collateral, it shall hold same in trust for Agent and Security Trustees and promptly (not later than the next Business Day) 

  
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deposit same into a Dominion Account. Foreign Borrowers shall not participate in any cash pooling arrangements. 

8.3        Inventory. 

8.3.1         Records and Reports of Inventory. Each Borrower shall keep
accurate and complete records of its Inventory in all material respects, including costs and daily withdrawals and additions, in a manner consistent with past business practice, and shall submit to Agent inventory and reconciliation reports in form
satisfactory to Agent, on such periodic basis as Agent may request. Each Borrower shall conduct a physical inventory at least once per calendar year (and on a more frequent basis if requested by Agent when an Event of Default exists) and periodic
cycle counts consistent with historical practices, and shall provide to Agent a report based on each such inventory and count promptly upon completion thereof, together with such supporting information as Agent may request. Agent may participate in
and observe each physical count. 
 8.3.2         [Reserved.] 

8.3.3         Acquisition, Sale and Maintenance. Each Borrower shall make
commercially reasonable efforts to assure that all Inventory is produced in accordance with Applicable Law, including the FLSA. Borrowers shall use, store and maintain all Inventory with reasonable care and caution, in accordance with applicable
standards of any insurance and in conformity with all Applicable Law. 

8.4         [Reserved.] 

8.5         Deposit Accounts. Each Obligor shall take all actions
necessary to establish and maintain Agent’s (or the applicable Security Trustee’s) control of, and first priority perfected Lien
(which shall constitute a floating charge in respect of Deposit Accounts and Securities Accounts located in the United Kingdom) on, each Deposit
Account and Securities Account (in each case, other than Excluded Accounts) as required by this Agreement and/or the Security Documents. Each applicable Obligor shall be the sole account holder of each applicable Deposit Account and Securities
Account (in each case, other than Excluded Accounts) of such Obligor and shall not allow any other Person (other than Agent, a Security Trustee, the Senior Term
Agent and/or
the Term Loan AgentAgents or in respect of any Permitted Encumbrance arising under clause (j) of the definition thereof) to have control over or a Lien on any such Deposit Account, Securities Account or any Property deposited or held
therein. 
 8.6        General Provisions. 

8.6.1         [Reserved.] 

8.6.2         Insurance of Collateral; Condemnation Proceeds. 

(a)         [Reserved.] 

(b)         Any Net Proceeds of insurance (other than proceeds from
workers’ compensation or D&O insurance) and any Net Proceeds of awards arising from condemnation of any Collateral shall be paid to Agent and/or the Controlling Term Loan Agent as required pursuant to the Loan Documents, the Senior Term Loan Documents, the Term
Loan Documents and the Intercreditor Agreement. Any such Net Proceeds of insurance or condemnation awards that relate to Revolver Priority Collateral shall be applied to payment of the Revolver Loans, and then to other Obligations. Subject to the
Intercreditor Agreement and clause (c) below, any such 

  
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Net Proceeds of insurance or condemnation awards that relate to Term Priority Collateral, to the extent not timely applied to repair, restore or replace such property or asset in accordance with the Senior Term Loan Documents and/or the
Term Loan Documents, shall be applied first to the Senior Term Debt and/or theFirst Lien Term Loan Debt until paid in full, then to U.S. Revolver Loans until paid in full and then to other Obligations. 

(c)         To the extent permitted by the 
Senior Term 
Loan Documents and the Term Loan Documents and subject to the Intercreditor Agreement, Borrowers may use Net Proceeds of insurance that relate to Equipment or Real Estate and Net Proceeds of awards arising from condemnation of
Real Estate to repair, restore or replace such Equipment or Real Estate. 

8.6.3         Protection of Collateral. All expenses of protecting, storing,
warehousing, insuring, handling, maintaining and shipping any Collateral of an Obligor Group, all Taxes payable with respect to any Collateral of an Obligor Group (including any sale thereof), and all other payments required to be made by Agent or a
Security Trustee to any Person to realize upon any Collateral of an Obligor Group, shall be borne and paid by such Obligor Group. Neither Agent nor any Security Trustee shall be liable or responsible in any way for the safekeeping of any Collateral,
for any loss or damage thereto (except for reasonable care in its custody while Collateral is in Agent’s or such Security Trustee’s actual possession), for any diminution in the value thereof, or for any act or default of any warehouseman,
carrier, forwarding agency or other Person whatsoever, but the same shall be at Obligors’ sole risk. 
 SECTION 9 

REPRESENTATIONS AND WARRANTIES 

9.1        General Representations and Warranties. To induce Agent and
Lenders to enter into this Agreement and to make available the Commitments, Loans and Letters of Credit, each Obligor represents and warrants that, on the Closing Date and at each time that the following representations and warranties are made or
deemed to be made thereafter: 
 9.1.1         Organization; Powers. Each
Obligor and each Subsidiary of each Obligor is duly organized or incorporated, validly existing and in good standing (where applicable) under the laws of the jurisdiction of its organization or incorporation, has all requisite power and authority to
carry on its business as now conducted and, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect, is qualified to do business in, and is in good standing in,
every jurisdiction where such qualification is required. 
 9.1.2        
Authorization; Enforceability. The Transactions to be entered into by each Obligor are within such Obligor’s powers and have been duly authorized by all necessary action. This Agreement has been duly executed and delivered by each
Obligor and constitutes, and each other Loan Document to which any Obligor is to be a party, when executed and delivered by such Obligor, will constitute, a legal, valid and binding obligation of such Obligor, enforceable in accordance with its
terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at
law. 
 9.1.3         Governmental Approvals; No Conflicts. The Transactions
and the other transactions contemplated hereby (a) do not require any consent or approval of, registration or filing with, or any other action by, any Governmental Authority, except (i) such as have been obtained or made and are in full
force and effect, (ii) filings necessary to perfect Liens created under the Loan Documents and (iii) consents, approvals, registrations, filings or actions the failure of which to obtain or perform could

  
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not reasonably be expected to result in a Material Adverse Effect, (b) will not violate any Applicable Law or regulation or the charter, by-laws or
other organizational documents of any Obligor or any Subsidiary of any Obligor or any order of any Governmental Authority, (c) will not violate or result in a default under any indenture, agreement or other instrument binding upon any Obligor
or any Subsidiary of any Obligor or their assets, or give rise to a right thereunder to require any payment to be made by any Obligor or any Subsidiary of any Obligor, except for violations, defaults or the creation of such rights that could not
reasonably be expected to result in a Material Adverse Effect, (d) will not result in the creation or imposition of any Lien on any asset of any Obligor or any Subsidiary of any Obligor, except Liens created under the Loan Documents and Liens
permitted by Section 10.2.2, and (e) do not require any acknowledgement, agreement or consent under any indenture, agreement or other instrument binding upon any Obligor or any Subsidiary of any Obligor or their
assets, except for such acknowledgements, agreements and consents as have been obtained or made and are in full force and effect, and such acknowledgements, agreements or consents the failure of which to obtain could not reasonably be expected to
result in a Material Adverse Effect. Schedule 9.1.3 sets forth for each Obligor a description of each license from a Governmental Authority which is material to the conduct of the business of such Obligor as of the Closing Date. 

9.1.4         Financial Condition; No Material Adverse Change. 

(a)         The Obligors have heretofore furnished to Agent and the
Lenders the consolidated balance sheet of the Parent Borrower and its consolidated Subsidiaries and the related statements of income, stockholders equity and cash flows (i) as of and for the fiscal years ended December 31, 2013 and
December 31, 2014, reported on by Deloitte & Touche LLP, independent public accountants, and (ii) as of and for each Fiscal Quarter ended subsequent to December 31, 2014 and at least 45 days prior to the Closing Date, in each
case certified by its chief financial officer (it being understood that the Obligors have furnished the foregoing referenced in clause (i) to Agent on the Original Closing Date). Such financial statements present fairly, in all material
respects, the financial position and results of operations and cash flows of the Parent Borrower and its consolidated Subsidiaries as of such dates and for such periods in accordance with GAAP, subject to
year-end audit adjustments and the absence of footnotes in the case of the statements referred to in clause (ii) above. 

(b)         The Obligors have heretofore furnished to Agent a pro
forma consolidated balance sheet of the Parent Borrower and its consolidated Subsidiaries and related pro forma consolidated statement of income of the Parent Borrower as of and for the 12-month period ending
on the last day of the most recently completed four-Fiscal Quarter period for which financial statements were delivered under Section 9.1.4(a), prepared after giving effect to the Transactions and the other transactions
contemplated hereby to be consummated on the Closing Date as if the Transactions and such other transactions had occurred as of such date (in the case of such balance sheet) or at the beginning of such period (in the case of such income statements).

 (c)         Except as disclosed in the financial statements
referred to above, except for the Disclosed Matters and except for liabilities arising as a result of the Transactions, after giving effect to the Transactions, neither the Parent Borrower nor any Subsidiary of the Parent Borrower has, as of the
Closing Date, any contingent liabilities that would be material to the Parent Borrower and its Subsidiaries, taken as a whole. 

(d)         Since December 31, 2014, there has been no event,
change or occurrence that, individually or in the aggregate, has had or could reasonably be expected to result in a Material Adverse Effect. 

  
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 9.1.5        Properties.

 (a)        Each of the Parent Borrower and its Subsidiaries has
good title to, or valid leasehold interests in, all its real and personal property material to its business (including its Real Estate that is subject to a Mortgage), except for minor defects in title that do not interfere with its ability to
conduct its business as currently conducted or to utilize such properties for their intended purposes. 

(b)        Each of the Parent Borrower and its Subsidiaries owns, or
is licensed to use, all Intellectual Property material to its business, and the use thereof by the Parent Borrower and its Subsidiaries does not infringe upon the rights of any other Person, except for any such infringements that, individually or in
the aggregate, could not reasonably be expected to result in a Material Adverse Effect. 

(c)        Schedule 9.1.5 sets forth the address of each real
property that is owned or leased by the Parent Borrower or any of its Subsidiaries as of the Closing Date after giving effect to the Transactions. 

9.1.6        Litigation and Environmental Matters. 

(a)        There are no actions, suits or proceedings by or before
any arbitrator or Governmental Authority pending against or, to the knowledge of the Parent Borrower, threatened against or affecting the Parent Borrower or any of its Subsidiaries (i) as to which there is a reasonable possibility of an adverse
determination and that, if adversely determined, could reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect (other than the Disclosed Matters set forth on Schedule 9.1.6) or (ii) that involve
any of the Loan Documents or the Transactions. 
 (b)        Except
for the Disclosed Matters set forth on Schedule 9.1.6 and except with respect to any other matters that, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect, neither the Parent Borrower
nor any of its Subsidiaries (i) has failed to comply with any Environmental Law or to obtain, maintain or comply with any permit, license or other approval required under any Environmental Law, (ii) has become subject to any Environmental
Liability, (iii) has received notice of any claim with respect to any Environmental Liability or (iv) knows of any basis for any Environmental Liability. 

(c)        Since the Original Closing Date, there has been no change
in the status of the Disclosed Matters set forth on Schedule 9.1.6 that, individually or in the aggregate, has resulted in, or materially increased the likelihood of, a Material Adverse Effect. 

(d)        No Obligor is in default with respect to any order,
injunction or judgment of any Governmental Authority, except for such defaults which, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. 

9.1.7        Compliance with Laws and Agreements. Each of the Parent Borrower
and its Subsidiaries is in compliance with all laws, regulations and orders of any Governmental Authority applicable to it or its property and all indentures, agreements and other instruments binding upon it or its property, except where the failure
to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. No Default has occurred and is continuing. 

  
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 9.1.8        Investment Company
Status. Neither the Parent Borrower nor any of its Subsidiaries is an “investment company” as defined in, or subject to regulation under, the Investment Company Act of 1940. 

9.1.9        Taxes. Each of the Parent Borrower and its Subsidiaries has
timely filed or caused to be filed all Tax returns and reports required to have been filed and has paid or caused to be paid all Taxes required to have been paid by it, except (a) any Taxes that are being contested in good faith by appropriate
proceedings and for which the Parent Borrower or such Subsidiary, as applicable, has set aside on its books adequate reserves in accordance with GAAP or (b) to the extent that the failure to do so could not reasonably be expected to result in a
Material Adverse Effect. As of the Closing Date, there is no pending audit of any Obligor with any federal, state, provincial, local or foreign tax authority, except as could not reasonably be expected to result in a Material Adverse Effect. 

9.1.10        Employee Benefit Plans. 

(a)        ERISA. No ERISA Event has occurred or is reasonably
expected to occur that, when taken together with all other such ERISA Events for which liability is reasonably expected to occur, could reasonably be expected to result in a Material Adverse Effect. As of the Closing Date, the present value of all
accumulated benefit obligations of all underfunded U.S. Pension Plans (based on the assumptions used for purposes of the Financial Accounting Standards Board Accounting Standards Codification Topic
No. 715-30) did not, as of the date of the most recent financial statements reflecting such amounts, exceed by more than
$10,000,0005,000,000 the fair market value of the assets of all such underfunded U.S. Pension Plans. 

(b)        Canadian Employee Plans. No Canadian Employee Plan
provides for medical, life or other welfare benefits (through insurance or otherwise), with respect to any current or former employee of any Canadian Domiciled Obligor or any Affiliate thereof after retirement or other termination of service (other
than coverage mandated by requirements of Applicable Law or coverage provided through the end of the month containing the date of termination from service or otherwise where part of a severance package or with respect to injured or disabled
employees). Canadian Domiciled Obligors are in compliance with the requirements of the PBA and any binding FSCO requirements of general application with respect to each Canadian Pension Plan and in compliance with any FSCO directive or order
directed specifically at a Canadian Pension Plan. No Canadian Pension Plan has any Unfunded Current Liability. No fact or situation that may reasonably be expected to result in a Material Adverse Effect exists in connection with any Canadian Pension
Plan. No Canadian Domiciled Obligor or Subsidiary contributes to or participates in a Canadian Multi-Employer Plan. No Canadian Domiciled Obligor or an Affiliate thereof maintains, contributes or has any liability with respect to a Canadian Pension
Plan which provides benefits on a defined benefit basis. No Termination Event has occurred. All contributions required to be made by any Canadian Domiciled Obligor or Subsidiary to any Canadian Pension Plan have been made in a timely fashion in
accordance with the terms of such Canadian Pension Plan and the PBA. No Lien has arisen, choate or inchoate, in respect of any Canadian Domiciled Obligor or their property in connection with any Canadian Pension Plan (other than contribution amounts
not yet due). 
 (c)        Foreign Plans. All Foreign Plans
are in compliance with, and have been established, administered and operated in accordance with, the terms of such Foreign Plans and Applicable Law, except for any failure to so comply, establish, administer or operate the Foreign Plans as would not
reasonably be expected to have a Material Adverse Effect. All contributions or other payments which are due with respect to each Foreign Plan have been made in full and 

  
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there are no funding deficiencies thereunder, except to the extent any such events would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 

(d)        UK Pension Plan. No UK Domiciled Obligor is or has
at any time been (1) an employer (as defined for the purposes of sections 38 to 51 of the Pensions Act 2004(UK)) of an occupational pension scheme which is not a money purchase scheme (both terms as defined in the Pension Schemes Act (1993)(UK)) or
(2) “connected” with or an “associate” (as those terms are used in sections 38 and 43 of the Pensions Act 2004(UK)) of such an employer. 

(e)        Use of Plan Assets. No Borrower uses “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.

 9.1.11        Disclosure. The Parent Borrower has disclosed to Agent and
the Lenders all agreements, instruments and corporate or other restrictions to which the Parent Borrower or any of its Subsidiaries is subject, and all other matters known to any of them, that, individually or in the aggregate, could reasonably be
expected to result in a Material Adverse Effect. None of the other reports, financial statements, certificates or other information furnished by or on behalf of any Obligor to Agent or any Lender in connection with the negotiation of the Original
Loan Agreement, this Agreement or any other Loan Document or delivered hereunder or thereunder (as modified or supplemented by other information so furnished) contains any material misstatement of fact or omits to state any material fact necessary
to make the statements therein, in the light of the circumstances under which they were made, not misleading; provided that, with respect to projected financial information, the Parent Borrower represents only that such information was
prepared in good faith based upon assumptions believed to be reasonable at the time such projections were prepared. 

9.1.12        Subsidiaries. The Parent Borrower does not have any subsidiaries
other than the other Obligors and the Subsidiaries of the other Obligors. Schedule 9.1.12 sets forth the name of, and the ownership interest of the Parent Borrower in, each Subsidiary of the Parent Borrower and identifies each Subsidiary that
is an Obligor, in each case as of the Closing Date. 

9.1.13        Insurance. Schedule 9.1.13 sets forth a description of
all material insurance policies maintained by or on behalf of the Parent Borrower and the Subsidiaries as of the Closing Date. As of the Closing Date, all premiums due in respect of such insurance have been paid. 

9.1.14        Labor Matters. As of the Closing Date, there are no strikes,
lockouts or slowdowns against the Parent Borrower or any Subsidiary pending or, to the knowledge of the Parent Borrower, threatened that could reasonably be expected to have a Material Adverse Effect. All payments due from the Parent Borrower or any
Subsidiary, or for which any claim may be made against the Parent Borrower or any Subsidiary, on account of wages and employee health and welfare insurance and other benefits, have been paid or accrued as a liability on the books of the Parent
Borrower or such Subsidiary except for those which, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect. The consummation of the Transactions will not give rise to any right of termination or right of
renegotiation on the part of any union under any collective bargaining agreement to which the Parent Borrower or any Subsidiary is bound. 

9.1.15        Solvency. Immediately after the consummation of the Transactions
to occur on the Closing Date and immediately following the making of each Loan made on the Closing Date and after giving effect to the application of the proceeds of such Loans, (a) the fair value of the assets of each ObligorBorrower, individually, and the Obligors, taken as a whole, at a fair valuation, will exceed its debts and liabilities, subordinated, contingent or otherwise, (b) the present fair saleable value of the 

  
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 property of each
ObligorBorrower, individually, and the Obligors, taken as a whole, will be greater than the amount that will be required to pay the probable liability of its debts and other liabilities, subordinated, contingent or otherwise, as such debts and other liabilities become absolute
and matured, (c) each ObligorBorrower, individually, and the Obligors, taken as a whole, will be
able to pay its debts and liabilities, subordinated, contingent or otherwise, as such debts and liabilities become absolute and matured or fall due and (d) the Obligors, on a consolidated basis, will not have unreasonably small capital with
which to conduct the business in which it isthey are engaged as such business is now conducted and is proposed to be conducted following the Closing Date. 

9.1.16        Senior Indebtedness. The Obligations constitute “Senior
Debt”, however defined, under the terms of any Debt that is subordinated in right of payment to the Obligations. 

9.1.17        Security Documents. 

(a)        Canadian Security Documents. 

(i)        The Foreign FacilityAmended
and Restated ABL Guarantee and Collateral Agreement, the Canadian Security Agreement and each Deed of Movable Hypothec is effective to create in favor of Agent, for the benefit of
the Canadian Facility Secured Parties, a legal, valid and enforceable security interest in the Collateral described therein and (A) in respect
of any such Collateral in which a security interest can be perfected by control or possession, such Collateral has been delivered to Agent, in its capacity as agent for
the Foreign Facility Secured Parties solely for the purpose of perfecting the security interest granted to Agent in such Collateral, and for so
long as Agent remains in control or possession of such Collateral, the security interest in such Collateral created by the Foreign FacilityAmended and Restated ABL Guarantee and Collateral Agreement, the Canadian Security Agreement and each Deed of Movable Hypothec shall
constitute a perfected first priority security interest in all right, title and interest of the pledgor thereunder in such Collateral, in each case prior and superior in right to any other Person, other than with respect to Liens permitted by
Section 10.2.2 and (B) in respect of such Collateral in which a security interest can be perfected by the filing of a UCC or PPSA financing statement or a hypothec registration in accordance with the Civil Code,
financing statements and registrations, as applicable, in appropriate form have been filed or registered in the offices specified on Schedule 1.04 to the Perfection Certificate most recently delivered to Agent, and the security interests created by
the Foreign FacilityAmended and Restated ABL
Guarantee and Collateral Agreement, the Canadian Security Agreement and each Deed of Movable Hypothec constitute perfected security interests in all right, title and interest of the grantors thereunder in such Collateral, in each case prior and
superior in right to any other Person, other than with respect to Liens permitted by Section 10.2.2. 

(ii)        [Reserved]. 

(iii)        The Canadian Security Agreement (or a summary thereof)
will within ten (10) days of the Closing Date be filed in the Canadian Intellectual Property Office and each other intellectual property registration office where same has been filed, the financing statements and registrations referred to in
Section 9.1.17(a)(i)(B) above have been appropriately filed and registered and each security interest created by the Foreign FacilityAmended and Restated ABL Guarantee and Collateral Agreement, the Canadian Security Agreement and each Deed of Movable Hypothec constitutes or
will constitute a perfected security interest in all right, title and interest of the grantors 

  
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 thereunder in the Intellectual Property in which a security interest may be
perfected by filing, recording or registering a security agreement, financing statement or analogous document in the Canadian Intellectual Property Office and each other intellectual property registration office where same has been filed, in each
case prior and superior in right to any other Person (it being understood that subsequent recordings in the Canadian Intellectual Property Office and each other intellectual property registration office where same has been filed and subsequent PPSA
filings may be necessary to better evidence or perfect a Lien on registered Intellectual Property acquired by the Obligors after the Closing Date), other than with respect to Liens permitted by Section 10.2.2. 

(iv)        Each Canadian Mortgage, upon execution and delivery
thereof by the parties thereto, is effective to create, subject to the exceptions listed in each title insurance policy covering such Mortgage, in favor of and reasonably satisfactory to Agent, for the benefit of the Canadian
Facility Secured Parties, a legal, valid and enforceable Lien on all of the applicable mortgagor’s
right, title and interest in and to the Real Estate thereunder and the proceeds thereof, and when the Canadian Mortgages are filed in the appropriate offices, the Lien created by each Canadian Mortgage shall constitute a perfected Lien on all right,
title and interest of the applicable mortgagor in such Real Estate and the proceeds thereof, in each case prior and superior in right to any other Person, other than with respect to the rights of Persons pursuant to Liens permitted by
Section 10.2.2. 

(b)        UK and Dutch Security Documents. 

(i)        Each Dutch Security Document is effective to create in
favor of Agent, for the benefit of the Foreign Facility Secured Parties, a legal, valid and enforceable security interest in the Collateral described in such Dutch Security
Document. 
 (ii)        Each UK Security Agreement is
effective to create in favor of the UK Security Trustee, for the benefit of the Foreign
Facility Secured Parties, a legal, valid and enforceable security interest in the “Security
Assets” (as defined in the UK Security Agreements). 

(iii)        Under the law of each Obligor’s jurisdiction of
incorporation or organization it is not necessary that any UK Security Document be filed, recorded or 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 any UK
Security Document or the transactions contemplated by any UK Security Document, except (a) registration of particulars of each UK Security Document granted by a UK Domiciled Obligor at the Companies Registration Office in England and Wales in
accordance with Part 25 (Company Charges) of the Companies Act 2006 (UK) or any regulations relating to the registration of charges made under, or applying the provisions of, the Companies Act 2006 (UK), (b) filing, registration or recordation on a
voluntary basis or as required in order to perfect the security interest created by any UK Security Document in any relevant jurisdiction and (c) in each case, payment of associated fees, stamp Taxes or mortgage duties. 

(iv)        Each UK Domiciled Obligor’s payment obligations
under the Loan Documents rank at least pari passu with the claims of all its other unsecured and 

  
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 unsubordinated creditors, except for obligations mandatorily preferred by
law applying to companies generally. 
 (v)        Each UK
Security Document has or will have the ranking in priority which it is expressed to have in the relevant UK Security Document and, other than as permitted under or contemplated by the Loan Documents, it is not subject to any prior ranking or pari
passu ranking Lien. 
 (c)        U.S. Security Documents.

 (i)        The Amended and Restated ABL Guarantee and Collateral Agreement is effective to create in favor of Agent, for the benefit of the Secured
Parties, a legal, valid and enforceable security interest in the “Pledged Collateral” (as defined in the Amended and Restated ABL Guarantee and Collateral Agreement) and, in respect of such Pledged Collateral in which a security interest can be perfected by control, such Collateral has been delivered to Agent or the Controlling Term Loan
Agent, in its capacity as agent for Agent solely for the purpose of perfecting the security interest granted to Agent in such Collateral, and for so long as Agent or the Controlling Term Loan Agent, as applicable, remains in control of such
Collateral, the security interest in such “Pledged Collateral” created by the Amended and Restated ABL Guarantee and
Collateral Agreement shall constitute a perfected junior priority security interest (subordinate only to the security interests under the Senior Term Loan Documents and the
Term Loan Documents) in all right, title and interest of the pledgor thereunder in such “Pledged Collateral”, in each case prior and superior in right to any other Person, other than with respect to Liens permitted by
Section 10.2.2 and subject to the Intercreditor Agreement. 

(ii)        The Amended and Restated ABL Guarantee and Collateral Agreement is effective to create in favor of Agent, for the benefit of the Secured
Parties, a legal, valid and enforceable security interest in the “Collateral” other than the “Pledged Collateral” (in each case as defined in the Amended and
Restated ABL Guarantee and Collateral Agreement) and, in respect of such Collateral in which a security interest can be perfected by the filing of a UCC financing statement, financing statements
in appropriate form have been filed in the offices specified on Schedule 1.04 to the Perfection Certificate most recently delivered to Agent, and the security interest created by the
Amended and Restated ABL Guarantee and Collateral Agreement constituted a perfected security interest in all right, title and
interest of the grantors thereunder in such Collateral (other than the Intellectual Property), in each case prior and superior in right to any other Person, other than with respect to Liens permitted by Section 10.2.2 and
subject to the Intercreditor Agreement. 
 (iii)        The
Amended and Restated ABL Guarantee and Collateral Agreement (or a summary thereof) has been filed in the United States Patent and
Trademark Office and the United States Copyright Office, the financing statements referred to in Section 9.1.17(c)(ii) above have been appropriately filed and the security interest created by the Amended and Restated ABL Guarantee and Collateral Agreement constitutes a perfected security interest in all right, title and interest of
the grantors thereunder in the Intellectual Property in which a security interest may be perfected by filing, recording or registering a security agreement, financing statement or analogous document in the United States Patent and Trademark Office
or the United States 

  
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 Copyright Office, as applicable, in each case prior and superior in right
to any other Person (it being understood that subsequent recordings in the United States Patent and Trademark Office and the United States Copyright Office and subsequent UCC filings may be necessary to perfect a lien on registered trademarks,
trademark applications and copyrights acquired by the Obligors after the Original Closing Date), other than with respect to Liens permitted by Section 10.2.2 and subject to the Intercreditor Agreement. 

(iv)        Each Mortgage, upon execution and delivery thereof by
the parties thereto, is effective to create, subject to the exceptions listed in each title insurance policy covering such Mortgage, in favor of and reasonably satisfactory to Agent, for the benefit of the Secured Parties, a legal, valid and
enforceable Lien on all of the applicable mortgagor’s right, title and interest in and to the Real Estate thereunder and the proceeds thereof, and when the Mortgages are filed in the appropriate offices, the Lien created by each Mortgage shall
constitute a perfected Lien on all right, title and interest of the applicable mortgagor in such Real Estate and the proceeds thereof, in each case prior and superior in right to any other Person, other than with respect to the rights of Persons
pursuant to Liens permitted by Section 10.2.2 and subject to the Intercreditor Agreement. 

(v)        The information set forth in the Schedules to the Amended and
Restated ABL Guarantee and Collateral Agreement is true, complete and correct as of the Closing Date. 

(d)        Mexican Security Documents. 

(i)        Each Mexican Security Document is effective to create in
favor of Agent, for the benefit of the Foreign Facility Secured Parties, a legal, valid and enforceable security interest in the “Pledged Assets (Bienes
Pignorados)” (as defined in the corresponding Mexican Security Document). 

(ii)        When each Mexican Security Document has been filed in
the RUG and IMPI, if applicable, the security interest created therein will constitute a perfected security interest in all right, title and interest of the grantors thereunder in the Collateral described therein, including but not limited to
Equipment, Inventory and Intellectual Property in which a security interest may be perfected by filing, recording or registering a security agreement, in the RUG and IMPI, as applicable, in each case prior and superior in right to any other Person.

 Each provision of this Section 9.1.17 shall be subject to any applicable limitation set forth
in the applicable Security Documents. 
 9.1.18        Federal Reserve
Regulations. 
 (a)        Neither the Parent Borrower nor any
of any Obligor’s Subsidiaries is engaged principally, or as one of its important activities, in the business of extending credit for the purpose of buying or carrying Margin Stock. 

(b)        No part of the proceeds of any Revolver Loan or any Letter
of Credit will be used, whether directly or indirectly, and whether immediately, incidentally or ultimately, for any purpose that entails a violation of the provisions of the regulations of the Board, including Regulation U or X. 

  
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 9.1.19        Anti-Corruption
Laws and Sanctions. The Parent Borrower has implemented and maintains in effect policies and procedures designed to ensure compliance by the Parent Borrower, its Subsidiaries and their respective directors, officers, employees and agents with
Anti-Corruption Laws and applicable Sanctions, and the Parent Borrower, its Subsidiaries and their respective officers and employees and to the knowledge of the Parent Borrower its directors and agents, are in compliance with Anti-Corruption Laws
and applicable Sanctions in all material respects. None of (a) the Parent Borrower, any Subsidiary of any Obligor or any of their respective directors, officers or employees, or (b) to the knowledge of the Parent Borrower, any agent of the
Parent Borrower or any Subsidiary of any Obligor that will act in any capacity in connection with or benefit from the credit facility established hereby, is a Sanctioned Person. No Borrowing or Letter of Credit, use of proceeds or other transaction
contemplated by this Agreement will violate Anti-Corruption Laws or applicable Sanctions. 

9.1.20        Accounts. Agent may rely, in determining which Accounts are
Eligible Accounts, on all statements and representations made by Borrowers with respect thereto. Borrowers warrant, with respect to each Account shown as an Eligible Account in a Borrowing Base Report, that: 

(a)        it is genuine and in all respects what it purports to be;

 (b)        it arises out of a completed, bona fide sale
and delivery of goods in the Ordinary Course of Business, and substantially in accordance with any purchase order, contract or other document relating thereto; 

(c)        it is for a sum certain, maturing as stated in the
applicable invoice, a copy of which has been furnished or is available to Agent on request; 

(d)        it is owned by a Borrower and not subject to any offset, Lien (other than Permitted Encumbrances and Liens permitted under Sections 10.2.2(a)
and 10.2.2(r) (in each case provided that no such Permitted Encumbrance or Lien permitted under Section 10.2.2(a) or Section 10.2.2(r) is prior to the Lien of Agent or the applicable
Security Trustee, unless an Availability Reserve is in effect with respect thereto)), deduction, defense, dispute, counterclaim or other adverse condition except as arising in the Ordinary Course of Business and disclosed to Agent; and it is absolutely owing by the Account
Debtor, without contingency in any respect; and if part of a sale of Accounts exceeding $3,000,000 being sold or discounted (or intended to be sold or discounted) pursuant to any Specified Vendor Receivables Financing prior to delivery of the next scheduled Borrowing Base Report, Borrowers have delivered to Agent an updated Borrowing Base Certificate prior to or concurrent with such sale or discount reflecting the removal of such Accounts from the Borrowing Base. 

(e)        no purchase order, agreement or Applicable Law restricts
assignment of the Account to Agent (regardless of whether, under the UCC, the PPSA, the Civil Code or other Applicable Law, the restriction is ineffective), and the applicable Borrower is the sole payee or remittance party shown on the invoice; 

(f)        no extension, compromise, settlement, modification,
credit, deduction or return has been authorized or is in process with respect to the Account, except discounts or allowances granted in the Ordinary Course of Business for prompt payment that are reflected on the face of the invoice related thereto
and in the reports submitted to Agent hereunder; and 

(g)        to Borrowers’ knowledge, without investigation,
(i) there are no facts or circumstances that are reasonably likely to impair the enforceability or collectability of such Account; (ii) the Account Debtor had the capacity to contract when the Account arose, continues 

  
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 to meet the applicable Borrower’s customary credit standards, is
Solvent, is not contemplating or subject to an Insolvency Proceeding, and has not failed, or suspended or ceased doing business; and (iii) there are no proceedings or actions threatened or pending against any Account Debtor that could
reasonably be expected to have a material adverse effect on the Account Debtor’s financial condition. 

9.1.21        [Reserved.] 

9.1.22    Centre of Main Interests and Establishments. For the purposes of The Council
of the European Union regulation
No. 1346/2000 on Insolvency ProceedingsRegulation (EU) 2015/848 of 20 May 2015 on insolvency proceedings (recast) (the “CMI Regulation”),
each of the UK Domiciled Obligors’ centre of main interest (as that term is used in Article 3(1) of the CMI Regulation) is situated in its jurisdiction of incorporation and none of them have an “establishment” (as that term is used in
Article 2(h10) of the CMI Regulation) in any other jurisdiction. 

9.1.23        Material Contracts. Schedule 9.1.23 hereto sets forth for each Obligor,
as of the Closing Date, a list of all of the material contracts and agreements to which such Obligor is a party, including, without limitation, all Specified Vendor Receivables Financing Documents (other than agreements disclosed to Agent pursuant
to Section 10.1.2(h), agreements relating to Debt described on Schedule 10.2.1, real property leases identified on Schedule 2.03 to the Perfection Certificate delivered to Agent on the Closing Date, and Licenses
identified on Schedule 4.04 to the Perfection Certificate delivered to Agent on the Closing Date). 

9.1.24        Trade Relations. To the Obligors’ knowledge, there exists no actual or
threatened termination, limitation or adverse modification of any business relationship between any Obligor or Subsidiary and any customer or supplier, or any group of customers or suppliers, who individually or in the aggregate are material to the
business of such Obligor or Subsidiary, except for those which, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect. To the Obligors’ knowledge, there exists no condition or circumstance that
could reasonably be expected to impair the ability of any Obligor or Subsidiary to conduct its business at any time hereafter in substantially the same manner as conducted on the Original Closing Date. 

9.1.25        Payable Practices. No Obligor or Subsidiary has made any
material change in its historical accounts payable practices from those in effect on the Original Closing Date. 

9.1.26        Spin-Off. The Spin-Off was consummated on the Original Closing Date in accordance with Applicable Law and the Spin-Off Documentation (without giving effect to any modification or waiver of
any provisions of, or any consent given in respect of, the Spin-Off Documentation not approved by Agent). 

9.1.27        EEA Financial Institution. No Obligor is an EEA Financial
Institution. 
 SECTION 10 

COVENANTS AND CONTINUING AGREEMENTS 

10.1        Affirmative Covenants. On and after the Closing Date and until the
Commitments have expired or terminated and the principal of and interest on each Loan and all fees and expenses payable hereunder have been paid in full and all Letters of Credit have expired, terminated or been Cash Collateralized and all unpaid
drawings under any Letters of Credit shall have been reimbursed, each Obligor shall, and shall cause each Subsidiary to: 

  
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 10.1.1        Inspections;
Appraisals; Cooperation;
Lender
Calls. 

(a)        Permit Agent from time to time, subject to reasonable
notice and normal business hours, to visit and inspect the Properties of any Obligor or Subsidiary, inspect, audit and make extracts from any Obligor’s or Subsidiary’s books and records, and discuss with its officers, employees, agents,
advisors and independent accountants such Obligor’s or Subsidiary’s business, financial condition, assets, prospects and results of operations. Lenders may participate in any such visit or inspection, at their own expense. Neither Agent
nor any Lender shall have any duty to any Obligor to make any inspection, nor to share any results of any inspection, appraisal or report with any Obligor. Obligors acknowledge that all inspections, appraisals and reports are prepared by Agent and
Lenders for their purposes, and Obligors shall not be entitled to rely upon them. Notwithstanding anything to the contrary herein, no Obligor or Subsidiary shall be required to disclose, permit the inspection, examination or making of copies of, or
discuss any document, information, or other matter (A) that constitutes non-financial trade secrets or non-financial proprietary information of any Obligor or
Subsidiary and/or any of its customers and/or suppliers, (B) in respect of which disclosure to Agent or any Lender (or any of their respective representatives or contractors) is prohibited by Applicable Law, (C) that is subject to
attorney-client or similar privilege or constitutes attorney work product or (D) in respect of which any Obligor or Subsidiary owes confidentiality obligations to any third party (provided such confidentiality obligations were not entered into
in contemplation of the requirements of this Section 10.1.1(a)) and disclosure to Agent, any Lender or any Issuing Bank is prohibited notwithstanding the confidentiality obligations set forth in
Section 14.12 unless Agent, Lenders and Issuing Banks agree to be bound by such additional confidentiality obligations with respect to such confidential information as may be reasonably requested by the Obligors and/or such
third party to permit such disclosure. 
 (b)        Reimburse
Agent for all charges, costs and expenses of Agent in connection with (i) the engagement of Conway MacKenzie, Inc. or another
professional consulting firm satisfactory to Agent and Lenders, to advise and assist Agent, Agent’s counsel, and Lenders with their on-going assessment of Obligors’ financial performance and ability to repay the Obligations (such
assistance to include, without limitation, (1) a review of budgets and related reporting described in Section 10.1.2(m) hereof, and (2) on-going monitoring, consultation and updates on behalf of and as requested by Agent and Lenders),
(ii) examinations of any Obligor’s books and records or any other financial or Collateral matters as Agent deems appropriate, up to one time per Loan Year (or up to two times
per Loan Year during a Reporting Trigger Period); and
(iiiii) appraisals of any Obligor’s Inventory up to one time per Loan Year (or up to two times per Loan Year during a Reporting Trigger Period); provided, however, that if an examination or appraisal is initiated during
a Default or Event of Default, all charges, costs and expenses relating thereto shall be reimbursed by Obligors without regard to such limits. Obligors agree to pay Agent’s then standard charges for examination activities, including charges for
Agent’s internal examination and appraisal groups, as well as the charges of any third party used for such purposes. Each
Obligor acknowledges and agrees that Agent and Lenders may elect to maintain the confidentiality of any conclusions reached or reports prepared by the consultant referred to in clause (b)(i) above and may also provide that the consultant’s
conclusions shall be covered by the attorney work-product privilege. 

(c)        
Hold a telephone call once per calendar month, if requested by Agent, for the benefit of Agent and Lenders to discuss Obligors’
operational and financial performance, the status of strategic initiatives and any other items reasonably requested to be covered by any Lender and respond to questions that are raised on such
call. 

  
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 (d)        Parent Borrower will, and will cause each of
the Subsidiaries to,reasonably cooperate with one financial advisor acting on behalf of Agent and Lenders. 

10.1.2        Financial and Other Information. Keep adequate records and books of account with
respect to its business activities, in which proper entries are made in accordance with GAAP reflecting all financial transactions, and furnish to Agent and Lenders: 

(a)        within 90 days after the end of each Fiscal Year of Parent
Borrower, its audited consolidated balance sheet and related statements of operations, stockholders’ equity and cash flows as of the end of and for such year, setting forth in each case in comparative form the figures for the previous Fiscal
Year, all reported on by Deloitte & Touche LLP or other independent public accountants of recognized national standing (without a “going concern” or like qualification or exception (except for any such qualification or
exception resulting from any current maturity of Loans hereunder) and without any qualification or exception as to the scope of such audit) to the effect that such consolidated financial statements present fairly in all material respects the
financial condition and results of operations of Parent Borrower and its consolidated subsidiaries on a consolidated basis in accordance with GAAP consistently applied (it being understood that the obligation to furnish the foregoing to Agent and
the Lenders shall be deemed to be satisfied in respect of any Fiscal Year of Parent Borrower by the filing of Parent Borrower’ annual report on Form 10-K for such Fiscal Year with the Commission to the
extent the foregoing are included therein); 
 (b)        within 45
days after the end of each of the first three Fiscal Quarters of each Fiscal Year of Parent Borrower, its consolidated balance sheet and related statements of operations, stockholders’ equity and cash flows as of the end of and for such Fiscal
Quarter and the then elapsed portion of the Fiscal Year, setting forth in each case in comparative form the figures for the corresponding period or periods of (or, in the case of the balance sheet, as of the end of) the previous Fiscal Year, all
certified by one of its Financial Officers as presenting fairly in all material respects the financial condition and results of operations of Parent Borrower and its consolidated subsidiaries on a consolidated basis in accordance with GAAP
consistently applied, subject to normal year-end audit adjustments and the absence of footnotes (it being understood that the obligation to furnish the foregoing to Agent and the Lenders shall be deemed to be
satisfied in respect of any Fiscal Quarter of Parent Borrower by the filing of Parent Borrower’s quarterly report on Form 10-Q for such Fiscal Quarter with the Commission to the extent the foregoing are
included therein); 
 (c)        during 
any Reporting
 
Trigger Period, as soon as available, and in any event within 30 days after the end of each month, (i) unaudited balance sheets as of the end of such month and the related statements of income and cash flow for such month and for the portion of the Fiscal Year then elapsed, on a consolidated basis for
Obligors and their Subsidiaries and on a consolidating basis for each Obligor, from the Obligors’ internal operating statements (which are not intended to be prepared in accordance with GAAP), setting forth in each case in comparative form the figures for the
corresponding period or periods of (or, in the case of the balance sheet, as of the end of) the previous Fiscal Year, certified by a Financial Officer of Parent Borrower as fairly presenting the financial position and results of operations for such month,
and (ii) a variance analysis to the budget for the P&L and cash flow on a segment basis, each in a form reasonably
acceptable to Agent and Required Lenders; 

(d)        concurrently with delivery of financial statements under
clauses (a), (b) and (c) above, or more frequently if requested by Agent while a Default or Event of Default exists, a Compliance Certificate executed by a Financial Officer of the Parent Borrower which, 

  
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 inter alia shall (i) certify as to whether a Default has
occurred and, if a Default has occurred, specifying the details thereof and any action taken or proposed to be taken with respect thereto, (ii) set forth reasonably detailed calculations demonstrating compliance with the financial covenant set forth
in Section 10.3 (whether or not a Financial Covenant Trigger Period is in effect), (iii) state whether any change in GAAP or in the application thereof has occurred since the date of Parent Borrower’s audited financial
statements referred to in Section 9.1.4 and, if any such change has occurred, specifying the effect of such change on the financial statements accompanying such certificate and (iv) identify all Subsidiaries existing
on the date of such certificate and indicate, for each such Subsidiary, whether such Subsidiary is an Obligor and/or a Foreign Subsidiary and/or an
Immaterial Subsidiary and whether such Subsidiary was formed or acquired since the end of the previous
Fiscal Quarter; 
 (e)        promptly following any request therefor,
provide information and documentation reasonably requested by Agent or any Lender for purposes of compliance with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the PATRIOT
Act, the Beneficial Ownership Regulation, and the AML Legislation; 

(f)        not later than February 15 of each Fiscal Year, projections of
Borrowers’ consolidated balance sheets, results of operations, cash flow, Total Availability and each component of Total Availability for such Fiscal Year, quarter by quarter; 

(g)        at Agent’s request, a listing of each Borrower’s trade payables,
specifying the trade creditor and balance due, and a detailed trade payable aging, all in form reasonably satisfactory to Agent; 

(h) promptly after the same become publicly available, copies of all periodic and other reports, proxy
statements and other materials filed by the Parent Borrower or any Subsidiary with the Commission or with any national securities exchange, as the case may be (it being understood that the obligation to furnish the foregoing to Agent and the Lenders
shall be deemed to be satisfied to the extent the foregoing are filed with the Commission); 

(i)        promptly upon Obligors’ receipt thereof,
(A) copies of all material compliance reports filed and material correspondence regarding any active or pending investigation or enforcement action concerning any Obligor with any state, federal, local or foreign regulatory agency and
(B) all material correspondence, if any, alleging violation of or requesting compliance by any Obligor with laws, regulations, etc. or requests for information pursuant to interstate commerce laws, antitrust laws, securities laws, worker safety
laws (OSHA), etc.; 
 (j)        except to the extent already
provided for in this Section 10.1.2, promptly after the sending thereof, copies of any material deliverable
or proposed waiver, consent, or amendment concerning any of the Senior Term Loan Documents
and/or the Term Loan Documents; 

(k) promptly upon the effectiveness thereof, (A) a description of each license from a Governmental
Authority which becomes effective after the Closing Date and is material to the conduct of the business of the Obligors and their respective Subsidiaries, taken as a whole, and (B) a description of each material contract or agreement to which
any Obligor is a party, including, without limitation, each Specified Vendor Receivables Financing Document (other than contracts and agreements disclosed to Agent pursuant to Section 10.1.2(h), agreements 

  
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 described on Schedule 9.1.23 or Schedule 10.2.1, and without
duplication of real property leases identified on Schedule 2.03 to the Perfection Certificate most recently delivered to Agent and Licenses identified on Schedule 4.04 to the Perfection Certificate most recently delivered to Agent); 

(l)        prior to any sale, transfer or other disposition of
Revolver Priority Collateral in an aggregate amount in excess of
$5,000,0003,000,000 in reliance on Section 10.2.5(j), Borrowers shall deliver to Agent a Borrowing Base Report, in form and substance acceptable to Agent in all respects, showing that, after giving pro
forma effect to such disposition, no Overadvance exists, Canadian Revolver Usage does not exceed the Canadian Borrowing Base, UK Revolver Usage does not exceed the UK Borrowing Base, U.S. Revolver Usage does not exceed the U.S. Borrowing Base and
Total Revolver Usage does not exceed the Total Borrowing Base; 

(m)        
(i)(I) from the period beginning on the Seventh Amendment Effective Date to and including the date that is 30 days after the
Seventh Amendment Effective Date, by no later than 11:00 p.m. (New York time) on Wednesday of each week, and (II) at all other times, by no later than 11:00 p.m. (New York time) on the last Wednesday of each fiscal month, an updated 13-week statement of projected receipts and disbursements (each such statement, a “Rolling 13-Week Cash Flow Forecast”) in form and detail reasonably satisfactory to
Agent and Required Lenders, (ii) on each Wednesday, a report showing actual receipts and disbursements through the prior week for North America and Europe-Africa, including a variance report showing the variance to the immediately prior Rolling
13-Week Cash Flow Forecast with qualitative commentary explaining any material variations to such Rolling 13-Week Cash Flow Forecast, 

(n)        
on each Wednesday, a flash report in a form reasonably acceptable to Agent and Required Lenders providing estimated revenues by
segment and those other key performance indicators by major location reasonably produced on a weekly basis for the prior week or those available monthly on a monthly basis for the prior month;

(o)  
      on the 15th day of each calendar month, an accounts payable aging report as of the prior
fiscal month-end for Horizon Global Company LLC, Horizon Global Americas, Inc. and Westfalia- Automotive GmbH; 

(p)        
[reserved]; and 

(q)        
(m) such other reports and
information (financial or otherwise) as Agent may reasonably request from time to time in connection with any Collateral or any Borrower’s, Subsidiary’s or other Obligor’s financial condition or business. 

Each Obligor represents and warrants that it and each of its Subsidiaries either (i) has no registered or publicly traded securities
outstanding or (ii) files its financial statements with the Commission and/or makes its financial statements available to potential holders of its 144A securities, and, accordingly, each Borrower hereby (x) authorizes Agent to make the
financial statements to be provided under Section 10.1.2(a) and (b) above, along with the Loan Documents, available to all Lenders and (y) agrees that at the time such financial statements are
provided hereunder, they shall already have been made available to holders of its securities. The Obligor will not request that any other material be posted to all Lenders without expressly representing and warranting to Agent in writing that
(A) such materials do not constitute material non-public information within the meaning of the federal securities laws (“MNPI”) or (B) (i) the Parent Borrower and its Subsidiaries
have no outstanding publicly traded securities, including 144A securities, and (ii) if at any time the Parent Borrower or any of its Subsidiaries issues publicly 

  
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 traded securities, including 144A securities, the Obligors will, following the issuance of
such securities, make such materials that do constitute MNPI at the time of issuance of such securities publicly available by press release or public filing with the Commission. 

10.1.3        Notices. 

(a)        Notify Agent and Lenders in writing, promptly after an Obligor’s obtaining knowledge thereof, of any of the following that affects an Obligor: (i) the commencement of any proceeding or investigation, whether or not covered by insurance, if
an adverse determination could reasonably be expected to result in a Material Adverse Effect; (ii) any pending or threatened labor dispute, strike or walkout, or the expiration of any material labor contract; (iii) any material notice or default under or termination of a Material Agreement; (iv) the existence of any Default or Event of Default;
(v) any judgment for the payment of money in an aggregate amount exceeding
$2,500,0005,000,000 that remains undischarged for a period of 30 consecutive days, during which execution is not effectively stayed, or the occurrence of any action legally taken by a judgment creditor to attach or levy upon assets
in order to enforce any such judgment; (vi) the assertion of any Intellectual Property Claim, if an adverse resolution could have a Material Adverse Effect; (vii) any violation or asserted violation of any Applicable Law (including ERISA,
PBA, OSHA, FLSA, or any Environmental Laws), if an adverse resolution could have a Material Adverse Effect; (viii) any Release by an Obligor or with respect to any Real Estate owned, leased or occupied by an Obligor; or receipt of any
Environmental Notice, in each case where the expected remedial costs or liability is reasonably expected to exceed $2,500,000; (ix) the occurrence of any ERISA Event or Termination Event that, alone or together with any other ERISA Events or
Termination Events that have occurred, could reasonably be expected to result in liability of the Parent Borrower and its Subsidiaries in an aggregate amount exceeding
$10,000,0005,000,000; (x) the discharge of or any withdrawal or resignation by Obligors’ independent accountants; (xi) any material audit of any Obligor with any federal, state, provincial, local or foreign tax authority;
or (xii) any other development that results in, or could reasonably be expected to result in, a Material Adverse Effect. Each notice delivered under this Section shall be accompanied by a statement of a Financial Officer or other executive
officer of the Parent Borrower setting forth the details of the event or development requiring such notice and any action taken or proposed to be taken with respect thereto. 

(b)        [Reserved.] 

(c)        Each year, within 90 days after the end of each Fiscal
Year of Parent Borrower, Parent Borrower (on behalf of itself and the other Obligors) shall deliver to Agent a certificate of a Financial Officer of Parent Borrower (i) setting forth the information required pursuant to the Perfection
Certificate or confirming that there has been no change in such information since the date of the Perfection Certificate delivered on the Closing Date or the date of the most recent Perfection Certificate delivered pursuant to this Section and
(ii) certifying that all UCC and PPSA financing statements (including fixture filings, as applicable) or other appropriate filings, recordings or registrations, including all refilings, rerecordings and reregistrations, containing a description
of the Collateral have been filed of record in each governmental, municipal or other appropriate office in each jurisdiction identified pursuant to clause (i) above to the extent necessary to protect and perfect the security interests under the
Security Documents for a period of not less than 18 months after the date of such certificate (except as noted therein with respect to any continuation statements to be filed within such period). 

  
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 10.1.4        Landlord and
Storage Agreements. Upon request, provide Agent with copies of all existing agreements, and promptly after execution thereof provide Agent with copies of all future agreements, between an Obligor and any landlord, warehouseman, processor,
shipper, bailee or other Person that owns any premises at which any Collateral may be kept or that otherwise may possess or handle any Collateral. 

10.1.5        Compliance with Laws. Each of the Obligors will, and will cause
each of the Subsidiaries to, comply with all laws, rules, regulations and orders of any Governmental Authority applicable to it or its property, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to
result in a Material Adverse Effect. Each Obligor will maintain in effect and enforce policies and procedures designed to ensure compliance by such Obligor, its Subsidiaries and their respective directors, officers, employees and agents with
Anti-Corruption Laws and applicable Sanctions. 
 10.1.6        Payment of
Obligations. Each of the Obligors will, and will cause each of the Subsidiaries to, pay its Debt and other obligations, including Tax liabilities, before the same shall become delinquent or in default, except (a) those being contested in
good faith by appropriate proceedings and for which such Obligor or such Subsidiary, as applicable, has set aside on its books adequate reserves with respect thereto in accordance with GAAP, or (b) to the extent the failure to make payment
could not reasonably be expected to result in a Material Adverse Effect; provided that no amounts received from any Obligor shall be applied to Excluded Swap Obligations of such Obligor. 

10.1.7        Insurance. Each of the Obligors will, and will cause each of the
Subsidiaries to, maintain insurance in such amounts (with no greater risk retention) and against such risks as are customarily maintained by companies of established repute engaged in the same or similar businesses operating in the same or similar
locations, except where the failure to do so could not reasonably be expected to result in a Material Adverse Effect. Such insurance shall be maintained with financially sound and reputable insurance companies, except that a portion of such
insurance program (not to exceed that which is customary in the case of companies engaged in the same or similar business or having similar properties similarly situated) may be effected through self-insurance; provided adequate reserves
therefor, in accordance with GAAP, are maintained. In addition, each of the Obligors will, and will cause each of its Subsidiaries to, maintain all insurance required to be maintained pursuant to the Security Documents. With respect to each
Mortgaged Property that is located in an area determined by the Federal Emergency Management Agency to have special flood hazards, the applicable Obligor will maintain, with financially sound and reputable insurance companies, such flood insurance
as is required under Applicable Law, including Regulation H of the Board of Governors. The Parent Borrower will furnish to the Lenders, upon request of Agent, information in reasonable detail as to the insurance so maintained. All insurance policies
or certificates (or certified copies thereof) with respect to such insurance shall be endorsed to Agent’s reasonable satisfaction for the benefit of the Lenders (including by naming Agent as lender loss payee, as appropriate). 

10.1.8         Existence; Conduct of Business. 

(a)        Each of the Obligors will, and will cause each of the
Subsidiaries to, do or cause to be done all things necessary to preserve, renew and keep in full force and effect its legal existence and the rights, licenses, permits, privileges, franchises, patents, copyrights, trademarks and trade names the loss
of which would have a Material Adverse Effect; provided that the foregoing shall not prohibit any merger, consolidation, liquidation or dissolution permitted under Section 10.2.3 or disposition permitted under
Section 10.2.5. 

  
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 (b)        The
Parent Borrower will cause all the Equity Interests of each Subsidiary which is a Borrower to be owned, directly or indirectly, by the Parent Borrower or any Subsidiary. 

10.1.9        Future Subsidiaries; Further Assurances. 

(a)        If any additional Subsidiary is formed or acquired after
the Original Closing Date, the Parent
BorrowerSeventh Amendment Effective Date (or any existing Subsidiary becomes a Subsidiary Loan Party after the Seventh Amendment Effective Date), Borrowers will, within five Business Days after such Subsidiary is formed or
acquired (or
becomes a Subsidiary Obligor), notify Agent and the
Lenders thereof and, within 30 days (or such longer period as may be agreed to by Agent) after any such Subsidiary that is organized, incorporated or formed in the same jurisdiction or country as any member of any then-existing Obligor Group (each, a “Permitted Jurisdiction”; as of the Closing Date, the Permitted Jurisdictions include the United States, the United Kingdom,
Canada, the Netherlands, and Mexico and any state, province, territory or other jurisdiction of any of the foregoing countries; Permitted Jurisdictions will be deemed to include, without limitation, the jurisdiction or country of each New
Borrower)such Subsidiary is formed or acquired (or becomes a Subsidiary Obligor), cause each
applicablethe Collateral and Guarantee Requirement to be satisfied
with respect to such Subsidiary, including with respect to any Equity Interest in or
DebtIndebtedness of such Subsidiary owned by or on behalf of any Obligor, including delivery of such legal opinions, in form and substance satisfactory to
Agent, as it shall deem appropriate in its Permitted Discretion. For the avoidance of doubt, notwithstanding anything herein or in the other Loan Documents to the contrary, no action in any jurisdiction that is not a Permitted Jurisdiction or
required by the Laws of any jurisdiction that is not a Permitted Jurisdiction shall be required in order to create any security interests in assets located, titled, registered or filed outside of a Permitted Jurisdiction or to perfect such security
interests (it being understood that there shall be no security agreement or pledge agreement governed by the Laws of any jurisdiction that is not a Permitted Jurisdiction). Agent may grant extensions of time for the perfection of security interests
in particular assets and the delivery of assets and Security Documents (other than U.S. Security Documents) or any other compliance with the requirements of
this Section
10.1.9 where it reasonably determines, in consultation with
the Borrower Agent, that perfection or compliance cannot be accomplished without undue effort or expense by the time or times at which it would otherwise be required by this Agreement or such Security Documents. For the avoidance of doubt, no
additional Subsidiary that is formed or acquired after the Original Closing Date that is not a U.S. Subsidiary Obligor shall be subject to the U.S. Facility Collateral and Guarantee
Requirement. 

(b)        Each of the Obligors (including any Foreign Subsidiary that is required to be a U.S. Subsidiary Obligor by the Required Lenders) will execute any and all further documents, financing statements, agreements and instruments, and take all such further actions (including the filing and recording of financing statements, Lien registrations,
fixture filings, mortgages, deeds of trust, landlord waivers and other documents), which may be required under any Applicable Law, or which Agent or the Required Lenders may reasonably request, to cause the Collateral and Guarantee Requirement to be
and remain satisfied, all at the expense of the Obligors. The Obligors also agree to provide to Agent, from time to time upon request, evidence reasonably satisfactory to Agent as to the perfection and priority of the Liens created or intended to be
created by the Security Documents. 

  
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 (c)        If any
assets (including any real property or improvements thereto or any interest therein) having a book value or fair market value of (a) $500,000 or more in the
aggregate during the Senior Term Period
or (b) $5,000,000 or more in the aggregate at any other time are acquired by any Obligor after the Closing Date or through the acquisition of a Subsidiary Obligor or through the
conversion of a Subsidiary into a Subsidiary Obligor (other than, in each case, assets constituting Collateral under any Security Document that become subject to the Lien of such Security Document upon acquisition thereof), the Parent Borrower or,
if applicable, the relevant Subsidiary Obligor will notify Agent and the Lenders thereof, and, if reasonably requested by Agent or the Required Lenders, the Parent Borrower will cause such assets to be subjected to a Lien securing all Obligations of
the Obligor Group of which the Obligor which is the direct owner of such Subsidiary Obligor is a member and will take, and cause the Subsidiary Obligors to take, such actions as shall be necessary or reasonably requested by Agent to grant and
perfect such Liens, including actions described in paragraph (b) of this Section, all at the expense of the Obligors. 

(d)        Any Subsidiary that is organized in any jurisdiction
approved by Agent and Lenders, but is not a Canadian Subsidiary, UK Subsidiary or U.S. Subsidiary, may, at the election of the Borrower Agent and with the written approval of Agent and Lenders, become a Foreign Borrower hereunder (such Subsidiary, a
“New Borrower”) upon (i) the execution and delivery to Agent and/or Security Trustees (A) by the Persons required to be parties thereto (including, with respect to the amendment of this Agreement, in accordance with
Section 14.1.1) of an amendment and joinder to this Agreement and the other applicable Loan Documents, together with supplements to the applicable Loan Documents executed by such New Borrower and any other Person required
by the terms of such Loan Documents to be party to such supplement, which may, if agreed to by Borrower Agent and Agent, provide for the addition to this Agreement of additional agreed security principals and for any appropriate modification to the
tax gross-up provisions (including the definition of the Excluded Taxes) to reflect the withholding tax rules in the applicable new jurisdiction(s), all in form and substance acceptable to Agent in all
respects, (B) by such New Borrower of Security Documents in form and substance satisfactory to Agent and any relevant Security Trustee as may be required for the relevant jurisdiction (provided that, to the extent appropriate with respect to
such jurisdiction, any such new Security Document shall be in substantially the same form as any comparable Security Document to which any similarly-situated existing Obligor is party) and satisfaction of requirements substantially the same as the
Collateral and Guarantee Requirement of the other Foreign Borrowers, modified as appropriate with respect to the relevant jurisdiction, (C) by an executive officer or Financial Officer of such New Borrower (and other Obligors, to the extent
reasonably requested by Agent) of a completed Perfection Certificate dated as of the date that the joinder of such New Borrower to the applicable Loan Documents is effective (with respect to such New Borrower, the “Joinder Date”),
together with all attachments contemplated thereby, including without limitation the results of a search of the relevant Lien-related filings made with respect to such New Borrower in the jurisdictions contemplated by such Perfection Certificate and
copies of the financing statements (or similar documents) disclosed by such search and evidence reasonably satisfactory to Agent that the Liens indicated by such financing statements (or similar documents) are permitted by
Section 10.2.2 or have been released or will be released pursuant to appropriate release documentation delivered to Agent, (D) by Borrower Agent of a Borrowing Base Report incorporating such New Borrower as of the most
recent month ending at least 15 days prior to the Joinder Date, (E) by a knowledgeable Senior Officer of such New Borrower of a certificate of the type described in Section 6.1(e), (F) by a duly authorized officer of
such New Borrower of a certificate of the type described in Section 6.1(f), together with all attachments thereto (including, without limitation, items that are the applicable jurisdictional 

  
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 equivalent of those referred to in
Section 6.1(h)), (G) by a knowledgeable Senior Officer of Borrower Agent, a certificate, in form and substance reasonably satisfactory to Agent, certifying that, after giving effect to the joinder of such New Borrower on
the Joinder Date and any Loan or Letter of Credit to be extended or issued to or on behalf of the New Borrower on such date, no Default exists and the representations and warranties set forth in Section 9 are true and
correct and (H) such other documents, instruments and agreements as Agent may reasonably require; (ii) Agent’s receipt of duly executed agreements establishing and/or evidencing each Dominion Account and related lockbox and each
Controlled Account of such New Borrower, each in form and substance, and with financial institutions, satisfactory to Agent; (iii) Agent’s receipt of a written opinion of counsel to such New Borrower, as well as any local counsel to such
New Borrower or Agent, in form and substance satisfactory to Agent; (iv) to the extent not previously delivered to Agent, Agent’s receipt of copies of policies or certificates of insurance for the insurance policies carried by such New
Borrower, together with a loss payable endorsement naming Agent as loss payee and reasonably acceptable to Agent, all in compliance with the Loan Documents; (v) the completion of Agent’s business, legal and financial due diligence (it
being understood that examinations and appraisals conducted pursuant to this clause (v) shall not be included in the limits on the number of examinations or appraisals provided in Section 10.1.1) with respect to such
New Borrower, with results satisfactory to Agent, and Agent’s and the Applicable Lenders’ (for purposes of this clause (v), the Applicable Lenders being the Lenders that will provide a Commitment to such New Borrower) receipt of all
documentation and other information required by bank regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including the Patriot Act; (vi) Agent’s receipt of payoff or
release letters, in form and substance satisfactory to Agent, confirming that such New Borrower is released from all obligations under any Debt not expressly permitted by this Agreement and providing a release of all of the Liens existing with
respect to any such Debt in and to the assets of such New Borrower, together with termination statements and other documentation evidencing the termination of any such Liens in and to the properties and assets of such New Borrower and
(vii) payment by Borrowers of all fees and expenses to be paid to Agent and/or the Lenders under the Loan Documents on or prior to the Joinder Date. 

(e)        Each provision of the Section 10.1.9
shall be subject to any applicable limitation set forth in the applicable Security Documents and the Agreed Security Principles. 

10.1.10        Casualty and Condemnation. The Parent Borrower (a) will
furnish to Agent and the Lenders prompt written notice of casualty or other insured damage to any material portion of any Collateral having a book value or fair market value of $1,000,000 or more or the commencement of any action or proceeding for
the taking of any Collateral having a book value or fair market value of $1,000,000 or more or any part thereof or interest therein under power of eminent domain or by condemnation or similar proceeding and (b) will ensure that the Net Proceeds
of any such event (whether in the form of insurance proceeds, condemnation awards or otherwise) are collected and applied in accordance with the applicable provisions of this Agreement, the Security Documents and the Intercreditor Agreement. 

10.1.11        Canadian Pension Plans and UK Pension Plans. 

(a)        Promptly after any Canadian Domiciled Obligor or any
Affiliate knows or has reason to know of the occurrence of any of the following events, the applicable Canadian Domiciled Obligor will deliver to Agent a certificate of a Senior Officer of the applicable Canadian Domiciled Obligor setting forth
details as to such occurrence and the action, if any, that such Canadian Domiciled Obligor or such Affiliate is required or proposes to take, together with 

  
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any notices (required, proposed or otherwise) given to or filed with or by such Canadian Domiciled Obligor, such Affiliate, the FSCO, a Canadian Employee Plan participant (other than notices
relating to an individual participant’s benefits) or the Canadian Employee Plan administrator with respect to any violation or asserted violation of any Applicable Law (including the PBA) or the occurrence of any Termination Event. 

(b)        Each Canadian Domiciled Obligor’s and its
Subsidiaries’ Canadian Pension Plans shall be duly registered and administered in all respects in material compliance with, as applicable, the PBA, the Income Tax Act (Canada) and all other Applicable Laws (including regulations, orders and
directives), and the terms of the Canadian Pension Plans and any agreements relating thereto. Each Canadian Domiciled Obligor shall ensure that it and its Subsidiaries: (i) have no Unfunded Current Liability in respect of any Canadian Pension
Plan, including any Canadian Pension Plan to be established and administered by it or them; (ii) pay all amounts required to be paid by it or them in respect of such Canadian Pension Plan when due; 

(iii) have no Lien on any of its or their property that arises or exists in respect of any Canadian Pension Plan except as
disclosed in Schedule 10.2.2; (iv) do not engage in a prohibited transaction or breach any applicable laws with respect to any Canadian Pension Plan that could reasonably be expected to result in a Material Adverse Effect in respect of such
Canadian Pension Plan; (v) do not permit to occur or continue any Termination Event; and (vi) not maintain, contribute or have any liability in respect of a Canadian Pension Plan which provides benefits on a defined benefit basis during
the term of this Agreement. 
 (d)        Each UK Domiciled Obligor
shall ensure that all pension schemes operated by or maintained for the benefit of members of the UK Domiciled Obligors and/or any of their employees are fully funded based on the statutory funding objective under sections 221 and 222 of the
Pensions Act 2004 (UK) and that no action or omission (including, without limitation, the termination or commencement of winding-up proceedings of any such pension scheme or any UK Domiciled Obligor ceasing to
employ any member of such a pension scheme) is taken by any UK Domiciled Obligor in relation to such a pension scheme which has or is reasonably likely to have a Material Adverse Effect. 

(e)        Each UK Domiciled Obligor shall ensure that no UK
Domiciled Obligor is or has been at any time an employer (for the purposes of sections 38 to 51 of the Pensions Act 2004 (UK)) of an occupational pension scheme which is not a money purchase scheme (both terms as defined in the Pension Schemes Act
1993 (UK)) or “connected” with or an “associate” of (as those terms are used in sections 38 or 43 of the Pensions Act 2004 (UK)) such an employer. 

(f)        Each UK Domiciled Obligor shall deliver to Agent 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 UK Domiciled Obligor), actuarial reports in relation to all
pension schemes mentioned in paragraph (c) above. 

(g)        Each UK Domiciled Obligor shall promptly notify Agent of
any material change in the rate of contributions to any pension schemes mentioned in (c) above paid or recommended to be paid (whether by the scheme actuary or otherwise) or required (by law or otherwise). 

10.1.12        Maintenance of Properties. Each of the Obligors will, and will
cause each of the Subsidiaries to, keep and maintain all property material to the conduct of their business, taken as a whole, in good working order and condition, ordinary wear and tear excepted; provided that the foregoing 

  
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 shall not prohibit any merger, consolidation, liquidation or dissolution permitted under
Section 10.2.3 or disposition permitted under Section 10.2.5. 

10.1.13        Use of Proceeds and Letters of Credit. The proceeds of the
Revolver Loans will be used only for general corporate purposes and Permitted
Acquisitions. Letters of Credit will be available only for general corporate purposes. No part of the proceeds of any Revolver Loan will be used, whether directly or indirectly, for any
purpose that entails a violation of any of the regulations of the Board, including Regulations T, U and X. The Parent Borrower
shall use the proceeds of
the Second Lien Term Loan Debt
(i) on
 the Seventh Amendment Effective Date,
(w) to
 repay in full in cash all obligations outstanding under the Credit Agreement, dated as of February 20, 2019, by and among the Parent Borrower, Cortland Capital Market Services LLC, as administrative agent, and the lenders from time to
time
party
thereto,
(x)
 
to
repay
Loans
outstanding
in
an
aggregate
principal
amount
of
not
less
than $20,000,000
 plus accrued interest on such amount, and
(y) to
 pay fees and expenses incurred in connection with the Seventh Amendment, the Second Lien Term Loan Agreement and the transactions contemplated thereby and
(ii) thereafter,
 for ordinary working capital purposes and accounts payable catch up consistent with the forecast delivered prior to the Seventh Amendment
Effective
Date. 

10.1.14        Banking Relationships; Controlled Accounts; Deposit and Security
Accounts. Within ninety (90) days of the Original Closing Date and continuing thereafter, each of the U.S. Domiciled Obligors will, and will cause each of the U.S. Subsidiaries to, maintain Bank of America or Wells Fargo Bank as
their principal depository bank, including for the maintenance of operating and depository accounts, administration and services, funds transfer services, information reporting services, and other Cash Management Services. All Controlled Accounts of
the UK Domiciled ObligorsBorrower shall be held in the United States. Each of the Obligors will cause all of
their Deposit Accounts and Securities Accounts that do not constitute Excluded Accounts to be maintained in jurisdictions (and in no event in any jurisdiction that is not a Permitted Jurisdiction) and with banks or other financial institutions such that such Deposit Accounts and Securities Accounts may be subject to Deposit Account Control Agreements or Securities Account Control Agreements, as
applicable, to the extent required by the Loan Documents without giving effect to the Agreed Security Principles (except with respect to the following, to which the Agreed Securities Principles will apply: (a) Deposit Accounts and Securities
Accounts maintained by a UK Domiciled Obligor in the United Kingdom, to the extent permitted to be maintained in such country pursuant to this Section
10.1.14, (b)
Deposit Accounts and Securities Accounts maintained by a Mexican Domiciled Obligor in
Mexico and,
(c) Securities
Accounts maintained by a Canadian Domiciled Obligor in Canada, (d) Deposit
Accounts and Securities Accounts maintained by a Dutch Domiciled Obligor in the Netherlands, and (e) Deposit Accounts and Securities Accounts maintained by a German Domiciled Obligor in Germany). 
 10.1.15        Post-Closing
Deliverables. The Obligors shall deliver, or cause to be delivered, the following items to Agent, in each case in form and substance satisfactory to Agent and its counsel, and/or cause the following to occur, in each case on or before expiration
of the respective specified time periods, in each case as extended in writing by Agent in the sole discretion of Agent: 

(a)     No later than twenty (20) Business Days after the Closing Date
(i) an amendment to the Intercreditor Agreement, executed and delivered by Agent and Term Loan Agent, (ii) an amendment to the Guarantee and Collateral Agreement, executed and delivered by Agent and the U.S. Obligors, and (iii) a copy
of an amendment to the Guarantee and Collateral Agreement (as defined in the Term Loan Agreement), executed by the Term Loan Agent and the U.S. Obligors. 

  
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 (b) No later than twenty (20) Business Days after
the Closing Date, a certificate of a duly authorized officer of Parent Borrower certifying that an attached copy of resolutions of the applicable governing body of Parent Borrower authorizing execution and delivery of the Loan Documents is true and
complete, and that such resolutions are in full force and effect, were duly adopted, have not been amended, modified or revoked, and, together with the resolutions delivered by the Parent Borrower pursuant to Section 6 of the Original Loan
Agreement, constitute all resolutions adopted with respect to this credit facility. Upon receipt thereof, Agent may conclusively rely on such certificate until it is otherwise notified by the applicable Obligor in writing. 

(c) No later than twenty (20) Business Days after the Closing Date, an amendment to the Limited
Liability Company Agreement of Horizon International Holdings LLC, a Delaware limited liability company, certified by a duly authorized officer thereof, to permit Agent and its assignees to exercise all voting, management, economic and other
membership rights under such Limited Liability Company Agreement, as amended, in connection with the enforcement and/or transfer of its rights and/or interests in the Equity Interests in Horizon International Holdings LLC pledged to Agent, in each
case to the extent such enforcement and/or transfer is permitted by the Loan Documents. 
 (d) No
later than twenty (20) Business Days after the Closing Date, evidence that all direct and indirect Subsidiaries of the Parent Borrower are insureds under the insurance policies set forth on Schedule 9.1.13. 

(e) No later than sixty (60) Business Days after the Closing Date (provided that if Obligors are
unable to comply with this covenant within such time period after exercising commercially reasonable efforts, Obligors shall be automatically granted an additional sixty (60) Business Day period to comply with this covenant so long as Obligors
continue to exercise commercially reasonable efforts to complete the same), evidence, in form and substance satisfactory to Agent, that the Liens on the assets of Cequent Performance in favor of Heller Financial Inc. have been released, together
with, in each case unless Cequent Performance (in its reasonable business judgment) and Agent shall reasonably determine that such Trademark is in no way material to the conduct of Cequent Performance’s business, a release of the interest of
Heller Financial Inc. in Trademarks “Hidden Hitch Logo -- TMA582876”, “Pyramid, Hitchball & Design -- TMA317445” and “Hidden Hitch -- TMA390183” of Cequent Performance and evidence that filings appropriate to
evidence the release of such Liens have been properly filed with the Canadian Intellectual Property Office. 

(f)        Not later than thirty (30) days following the Closing
Date, in each case unless Cequent Performance or Cequent Consumer, as applicable and in its reasonable business judgment, and Agent shall reasonably determine that the applicable Patent or Trademark is in no way material to the conduct of Cequent
Performance’s or Cequent Consumer’s business, as applicable, cause to be filed with the PTO an update to the Owner Name to reflect the proper Obligor (Cequent Consumer Products, Inc. or Cequent Performance Products, Inc.) as owner for each
of the following Patents and Trademarks and provide evidence of filing of the same to Agent: (i) adjustable enclosure and mounting box for a trailer hitch electrical connector (Reg. # 6,076,691) (currently assigned to Mascotech, Inc.); (ii)
trailer hitch with load adjustment (Reg. # 6,722,682) (current owner is Hidden Hitch International); and (iii) sealed multiple-contact electrical connector (Reg. # 6,338,644) (current owner is Theodore Bargman, Inc. D/B/A The Bargman Company).

  
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 (g)        Each
Obligor will and will casecause
each other Obligor to satisfy the post-closing conditions described in Schedule I to the FourthSeventh Amendment within the timelines set forth therein. 

(h)      
  Within five (5) Business Days following the Sixth Amendment Effective
Date (or such later date as the Agent may consent in writing), Obligors shall furnish to Agent an executed officer’s certificate certifying and attaching a comprehensive list of deposit accounts and securities accounts of each Obligor substantially in the form of Schedule 3.03 of the
Perfection 
Certificate. 
 Except with respect to the extension of the
deadline from that set forth in the Post-Closing Agreement referred to below with respect to the deliverables required by clause (f) of this Section 10.1.15, this Section 10.1.15 does not
amend or modify, or waive or release any obligation under, that certain Post-Closing Agreement, dated as of the Original Closing Date, by and among the U.S. Borrowers, the Lenders party thereto, and Agent, as such Post-Closing Agreement may be
amended, restated, supplemented or otherwise modified from time to time in accordance with its terms. 
 10.1.16
Retention of Consultant. The Obligors shall continue to retain Brian Whittman of Alvarez & Marsal as a consultant to and as an officer of the Borrowers for a period ending no sooner than March 31, 2019.the date that is 90 days from the Seventh Amendment Effective Date. 

10.1.17 People with Significant Control regime. Each of the Obligors will, and will cause each of the Subsidiaries to (a) within the
relevant timeframe, comply with any notice it receives pursuant to Part 21A of the Companies Act 2006 from any company incorporated in the United Kingdom whose shares are the subject of a Lien in favor of the Agent, and (b) promptly provide the
Agent with a copy of that notice. 

10.2        Negative Covenants. On and after the Closing Date and until
the Commitments have expired or terminated and the principal of and interest on each Loan and all fees and expenses payable hereunder have been paid in full and all Letters of Credit have expired, terminated or been Cash Collateralized and all
unpaid drawings under any Letters of Credit shall have been reimbursed, each Obligor covenants and agrees with the Lenders that: 

10.2.1        Debt; Certain Equity Securities. 

(a)        None of the Obligors will, nor will they permit any
Subsidiary to, create, incur, assume or permit to exist any Debt or obligations under Hedging Agreements,
except (and provided, however, that during the Senior Term Period no additional arrangements for
Debt described in clauses (i)(B), (ii), (iii)(B), (iv), (vii), (viii), (ix), (x), (xii), (xiii) or (xx) below may be incurred by any Obligor or any Subsidiary): 

(i)        (A) Debt created under the Loan Documents, (B) anyFirst Lien Term Loan
Debt, and (C) Second Lien Term Loan Debt and any Permitted Term
Loan Refinancing Debt and
(D) Senior Term Loan Debtin respect of any of the foregoing; 

(ii)        
(A) 
financings in
 
respect 
of 
sales 
of accounts 
receivable by a Foreign Subsidiary permitted by Section 10.2.5(c)(i), (B) the Specified Vendor Receivables
Financing and
(C) the Specified Vendor Payables Financingin existence on the Seventh Amendment Effective Date and Permitted Refinancing Debt in respect thereof; 

  
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 (iii)        (A)
Debt existing on the
Original Closing Date and set forth inSeventh Amendment Effective Date
(which Debt shall, to the extent the principal amount thereof as of the Seventh Amendment Effective Date exceeds $500,000, be set
forth on Schedule 10.2.1) and (B) extensions, renewals and replacements of any such Debt that do not increase the outstanding principal amount as specified on
such Schedule 10.2.1 or result in an earlier maturity date
or decreased weighted average life thereofPermitted Refinancing
Debt
with respect to such Debt; 

(iv)        
Permitted Unsecured Debt of the Parent Borrower; Permitted Unsecured Debt of the Parent Borrower; provided that the Net Leverage Ratio (disregarding the proceeds of such Permitted Unsecured Debt in calculating Unrestricted Domestic Cash), on a pro forma basis after giving effect to the incurrence of
such Permitted Unsecured Debt (and any related repayment of Debt) and recomputed as of the last day of the most recently ended Fiscal Quarter of the Parent Borrower for which financial statements are available, as if such incurrence (and any related
repayment of Debt) had occurred on the first day of the relevant period is no greater than 4.00 to
1.00;[reserved]; 

(v)        Debt of the Parent Borrower to any Subsidiary and of any
Subsidiary to the Parent Borrower or any other Subsidiary; provided that Debt of any Subsidiary (i) that is not
a U.S.an Obligor to the Parent Borrower or any Subsidiary Obligor or (ii) for which the
Collateral and Guarantee Requirement has not been satisfied, in each case, shall be subject to
Section 10.2.4; 

(vi)        Guarantees by the Parent Borrower of Debt of any
Subsidiary and by any Subsidiary of Debt of the Parent Borrower or any other Subsidiary; provided that Guarantees by the Parent Borrower or any Subsidiary Obligor of Debt of any Subsidiary that is not a
U.S.an Obligor or for which the Collateral and Guarantee Requirement has not been satisfied shall be subject to Section 10.2.4;

 (vii)        Guarantees by the Parent Borrower or any
Subsidiary, as the case may be, in respect of (A) the Term Loan Debt,
(B) any Permitted Term Loan Refinancing Debt, (C) any Permitted Unsecured Debt or (D) 
Seniorthe Term Loan Debt; provided that none of the Parent
Borrower or any Subsidiary, as the case may be, shall Guarantee such Debt unless it also has Guaranteed the Obligations pursuant to a Guaranty; 

(viii)        Debt of the Parent Borrower or any Subsidiary incurred
to finance the acquisition, construction or improvement of any fixed or capital assets, including Capital Lease Obligations and any Debt assumed in connection with the acquisition of any such assets or secured by a Lien on any such assets prior to
the acquisition thereof, and extensions, renewals and replacements of any such Debt that do not increase the outstanding principal amount thereof or result in an earlier maturity date or decreased weighted average life thereof; provided that
(A) such Debt is incurred prior to or within 180 days after such acquisition or the completion of such construction or improvement and (B) the aggregate principal amount of Debt permitted by this clause (viii) shall not exceed $20,000,00010,000,000 at any time outstanding; 

(ix)        
Debt arising as a result of an Acquisition Lease Financing or any other sale and leaseback transaction permitted
under Section
10.2.6;Indebtedness arising

  
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 in connection
with any retention of title arrangements (verlängerter Eigentumsvorbehalt) made in the Ordinary Course of Business; 

(x)        
Debt of any Person that becomes a Subsidiary after the Original Closing Date; provided
that (A) such Debt exists at the time such Person becomes a Subsidiary and is not created in contemplation of or in connection with such Person becoming a
Subsidiary and (B) the aggregate principal amount of Debt permitted by this clause (x) shall not exceed $25,000,000 at any time outstanding, less the liquidation value of any outstanding Assumed Preferred Stock;Indebtedness arising under a declaration of joint and several liability used for the purpose of section 2:403 of the Dutch Civil Code (and
any residual liability under such declaration arising pursuant to section 2:404(2) of the Dutch Civil Code; 

(xi)        Debt of the Parent Borrower or any Subsidiary in respect
of workers’ compensation claims, self-insurance obligations, performance bonds, surety appeal or similar bonds and completion guarantees provided by the Parent Borrower and the Subsidiaries in the ordinary course of their business; 

(xii)        
other unsecured
Debt of the Parent Borrower or any SubsidiaryDebt or other financings incurred by Foreign Subsidiaries in respect of accounts receivable and/or inventory in an aggregate principal amount not exceeding $15,000,00010,000,000 at any time outstanding, less the liquidation value of any
applicable Qualified Parent Borrower Preferred Stock issued and outstanding pursuant to clause (b) of the definition of Qualified Parent Borrower Preferred Stock;
;

(xiii)        secured Debt incurred by Foreign Subsidiaries that are not
Obligors in an aggregate amount not exceeding $50,000,00010,000,000 at any time outstanding, in each case in respect of Debt of Foreign Subsidiaries (exclusive of any Debt of Foreign Subsidiaries arising
under the Loan Documents); 

(xiv)        Debt arising from the honoring by a bank or other
financial institution of a check, draft or similar instrument inadvertently (except in the case of daylight overdrafts) drawn against insufficient funds in the Ordinary Course of Business; provided, however, that such Debt is
extinguished within ten days of incurrence; 
 (xv)        Debt
arising in connection with endorsement of instruments for deposit in the Ordinary Course of Business; 

(xvi)        Debt incurred in connection with the financing of
insurance premiums in an aggregate amount at any time outstanding not to exceed the premiums owed under such policy, if applicable; 

(xvii)        contingent obligations to financial institutions, in each case to the extent in the Ordinary Course of Business and on terms
and conditions which are within the general parameters customary in the banking industry, entered into to obtain cash management services or deposit account overdraft protection services (in an amount similar to those offered for comparable services
in the financial industry) or other services in connection with the management or opening of deposit accounts or incurred as a result of endorsement of negotiable instruments for deposit or collection purposes and other customary, contingent obligations of the Parent
Borrower and its Subsidiaries incurred in the Ordinary Course of Business; 

  
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(xviii)        unsecured guarantees by the Parent Borrower or any
Subsidiary Obligor of facility leases of any Obligor; 

(xix)        obligations of the Parent Borrower or any Subsidiary
Obligor under Hedging Agreements permitted under Section 10.2.7 with respect to (A) any Permitted Bond Hedge Transaction, (B) any Permitted Warrant Transaction and/or interest rates, foreign currency exchange
rates or commodity prices, in each case not entered into for speculative purposes; provided that if such Hedging Agreements relate to interest rates, (i) such Hedging Agreements relate to payment obligations on Debt otherwise permitted
to be incurred by the Loan Documents and (ii) the notional principal amount of such Hedging Agreements at the time incurred does not exceed the principal amount of the Debt to which such Hedging Agreements relate; 

(xx)        
Alternative Incremental
Debt; provided 
that the aggregate
principal amount of any Alternative Incremental Debt established on any date shall not exceed (i) (together with the aggregate amount of all Incremental Term Commitments
established on such date in reliance on the Base Incremental Amount) an amount equal to the Base Incremental Amount on such date and (ii) an additional amount subject to the Maximum Alternative Incremental Debt Amount as of such
date; 
[reserved]; 

(xxi)        Debt arising under a declaration of joint and several liability used
for the purpose of section 2:403 of the Dutch Civil Code (and any residual liability under such declaration arising pursuant to section 2:404(2) of the Dutch Civil Code); 

(xxii)        any Capital 
Lease Obligations of a 
Person that 
becomes a Subsidiary pursuant to the Westfalia
Acquisition; 
provided that (A) such
Capital Lease Obligation exists at the time such Person becomes a Subsidiary and is not created in contemplation of or in connection with such Person becoming a Subsidiary and (B) the aggregate principal amount of Debt permitted by this clause (xxii) shall not exceed $15,000,000 at any time outstanding;
and[reserved]; 

(xxiii)        any Permitted Convertible
Indebtedness and replacements or refinancings thereof in an aggregate principal amount not to exceed $125 million at the time of issuance; provided that at the time of and immediately after the issuance of such Debt, the Required Conditions are met.Unsecured Debt of the Parent Borrower in an
amount not to exceed $15,000,000 at any time outstanding;
provided that (a) such Debt shall not mature prior to the date that is 91 days after the Latest Maturity Date in effect at the time of the issuance of such Debt and shall not have any principal payments due prior to such
date, except upon the occurrence of a change of control or similar event (including asset sales), in each case so long as the provisions relating to change of control or similar events (including asset sales) included in the governing instrument of
such Debt provide that the provisions of this Agreement must be satisfied prior to the satisfaction of such provisions of such Debt, (b) such Debt is not Guaranteed by any Subsidiary of the Parent Borrower other
than the Obligors (which Guarantees shall be unsecured and shall be permitted only to the extent permitted by Section 10.2.1(a)(vi)), (c) such Debt shall not have any financial maintenance covenants,
(d) such Debt shall not have a definition of “Change of Control” or “Change in Control” (or any other defined term having a similar purpose) that is materially more restrictive than the definition of Change in Control set
forth herein, (e) such Debt is subordinated to the Obligations on terms reasonably acceptable to the Required Lenders and
(f) no such Debt shall be, 

  
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 directly or
indirectly, provided by any lender or agent or Affiliate of any lender or agent under the Second Lien Term Loan Agreement; and 

(xxiv)        (A) Permitted Convertible Indebtedness outstanding on the Seventh
Amendment Effective Date and (B) any Permitted Refinancing Debt with respect thereto; provided that the interest rate, fees, or yield payable with respect to such Permitted Refinancing Debt shall not be higher than the interest rate, fees, or yield
payable under the Permitted Convertible Indebtedness outstanding on the Seventh Amendment Effective Date; 

(b)        None of the Obligors will, nor will they permit any
Subsidiary to, issue any warrants, preferred stock or other preferred Equity
Interests, except
(i) Qualified Parent Borrower Preferred Stock, (ii) Assumed Preferred Stock and (iii) preferred stock or preferred Equity Interests held by the Parent Borrower or any Subsidiary (and
provided, however, that during the Senior Term Period noother than (i) pursuant to the Second Lien Term Loan
Agreement
and
(ii) Qualified Parent Borrower Preferred Stock or Assumed Preferred Stock may be issued by the Parent Borrower or any Subsidiary). 
 10.2.2        Liens. None of
the Obligors will, nor will they permit any Subsidiary to, create, incur, assume or permit to exist any Lien on any property or asset now owned or hereafter acquired by it, or assign or sell any income or revenues (including accounts receivable) or
rights in respect of any thereof, except (and provided, however, that during the Senior Term
Period no additional Liens described in clauses (a)(iii), (c), (e), (f), (h), (i), (j), (n) or (r) below may be created, assumed or incurred by the Borrower or any Subsidiary): 

(a)        (i) Liens created under the Loan Documents,; and (ii) Liens created under the Term Loan Documents, (iii) Liens in
respect of any Permitted Term Loan Refinancing Debt and (iv) Liens created under
the Senior Term Loan Documents which are subject to the Intercreditor Agreement; 

(b)        Permitted Encumbrances; 

(c)        Liens in respect of the Specified Vendor Receivables
Financing permitted under
Section 10.2.1(a)(ii); 

(d)        any Lien on any property or asset of the Parent Borrower
or any Subsidiary existing on the Original Closing Date and set forth inSeventh Amendment Effective Date
(which Liens shall, to the extent securing Indebtedness with a principal amount in excess of
$500,000
as of the Seventh Amendment Effective Date, be set forth on Schedule
10.2.2); provided that (i) such Lien shall not apply to any other property or asset of the Parent Borrower or any
Subsidiary and (ii) such Lien shall secure only those obligations which it secured on the Original Closing Date and extensions, renewals and replacements thereof that do not increase the outstanding principal amount thereof; 

(e)        
any Lien existing on any property or asset prior to the acquisition thereof by the Parent Borrower or any Subsidiary or existing on any property or asset of any Person that becomes a
Subsidiary after the Original Closing Date prior to the time such Person becomes a Subsidiary; provided that (i) such Lien is not created in contemplation of or in connection with such acquisition or such Person becoming a Subsidiary, as the case may be, (ii) such Lien shall not apply to any
other property or assets of the Parent Borrower or any Subsidiary and (iii) such Lien shall secure only those obligations which it secures on the date of such acquisition or the 

  
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 date such
Person becomes a Subsidiary, as the case may be;Liens securing Debt permitted by
Section 10.2.1(a)(ix); 

(f)        Liens on fixed or capital assets acquired, constructed or
improved by, or in respect of Capital Lease Obligations of, the Parent Borrower or any Subsidiary; provided that (i) such security interests secure Debt permitted by Section 10.2.1(a)(viii), (ii) such security interests and the Debt secured
thereby are incurred prior to or within 180 days after such acquisition or the completion of such construction or improvement, (iii) the Debt secured thereby does not exceed the cost of acquiring, constructing or improving such fixed or capital
assets and (iv) such security interests shall not apply to any other property or assets of the Parent Borrower or any Subsidiary; 

(g)        Liens, with respect to any Mortgaged Property, described
in the applicable schedule of the title policy covering such Mortgaged Property; 

(h)        Liens in respect of sales or other financings of accounts receivable
or
inventory by Foreign Subsidiaries to the extent the Debt is permitted by
Section 
10.2.5(c)(i10.2.1(a)(xii); 

(i)        other Liens securing liabilities permitted hereunder in
an aggregate amount not exceeding (i) in respect of consensual Liens, $5,000,000 and (ii) in respect of all such Liens, $10,000,000, in each case at any time
outstanding$2,500,000; 

(j)        Liens in respect of Debt permitted by
Section 10.2.1(a)(xiii), provided that the assets subject to such Liens are not located in the United States; 

(k)        Liens, rights of setoff and other similar Liens existing
solely with respect to cash and Permitted Investments on deposit in one or more accounts maintained by any Lender, in each case granted in the Ordinary Course of Business in favor of such Lender with which such accounts are maintained, securing
amounts owing to such Lender with respect to cash management and operating account arrangements, including those involving pooled accounts and netting arrangements; provided that, unless such Liens are
non-consensual and arise by operation of law, in no case shall any such Liens secure (either directly or indirectly) the repayment of any Debt for Borrowed Money; 

(l)        licenses or sublicenses of Intellectual Property granted
by the Parent Borrower or any Subsidiary in the Ordinary Course of Business and not interfering in any material respect with the ordinary conduct of business of the Parent Borrower or any Subsidiary; 

(m)        the filing of UCC financing statements solely as a
precautionary measure in connection with operating leases or consignment of goods; 

(n)        
Liens 
for the
 
benefit 
of 
a 
seller deemed to attach 
solely 
to 
cash earnest money deposits in connection with a letter of intent or acquisition agreement with respect to a Permitted
Acquisition;[reserved]; 

(o)        Liens deemed to exist in connection with investments
permitted under Section 10.2.4 that constitute repurchase obligations and in connection with related set-off rights; 

  
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 (p)        Liens of
a collection bank arising in the Ordinary Course of Business under Section 4-210 of the UCC in effect in the relevant jurisdiction covering only the items being collected upon; 

(q)        Liens of sellers of goods to the Parent Borrower or any
Subsidiary arising under Article 2 of the UCC in effect in the relevant jurisdiction in the Ordinary Course of Business, covering only the goods sold and covering only the unpaid purchase price for such goods and related expenses; and 

(r)        
Liens on Collateral securing Alternative Incremental Debt, provided that such Alternative Incremental Debt shall be secured only by a Lien on the Collateral having the same priorities in the Term Priority Collateral and the Revolver Priority Collateral as the
Term Loan Debt (or on a subordinated basis) with the Obligations and, in each case, shall be subject to a customary intercreditor agreement in form and substance reasonably satisfactory to Agent. 
[reserved]. 

10.2.3        Fundamental Changes. 

(a)        None of the Obligors will, nor will they permit any
Subsidiary to merge into or consolidate with any Person, or liquidate or dissolve, except that, if at the time thereof and immediately after giving effect thereto no Default shall have occurred and be continuing (i) any Subsidiary may merge
into a Borrower in a transaction in which such Borrower is the surviving corporation, (ii) any Subsidiary (other than a Borrower) may merge into any Subsidiary in a transaction in which the surviving entity is a Subsidiary and (if any party to
such merger is a Subsidiary Obligor) is a Subsidiary Obligor for which the Collateral and Guarantee Requirement has been satisfied and (iii) any Subsidiary (other than a Borrower or Subsidiary Obligor) may liquidate or dissolve if the Parent
Borrower determines in good faith that such liquidation or dissolution is in the best interests of the Parent Borrower and is not materially disadvantageous to the Lenders; provided that any such merger involving a Person that is not a wholly
owned Subsidiary immediately prior to such merger shall not be permitted unless also permitted by Section 10.2.4. Notwithstanding the foregoing, this Section 10.2.3 shall not prohibit any Permitted Acquisition. 

(b)        The Parent Borrower will not, and will not permit any of
its Subsidiaries to, engage to any material extent in any business other than businesses of the type conducted by the Parent Borrower and its Subsidiaries on the date of execution of the Original Loan Agreement and businesses reasonably related
thereto. 
 10.2.4         Investments, Loans, Advances, Guarantees and
Acquisitions. None of the Obligors will, nor will they permit any Subsidiary to, purchase, hold or acquire (including pursuant to any merger with any Person that was not a wholly owned Subsidiary prior to such merger) any Equity Interests in or
evidences of indebtedness or other securities (including any option, warrant or other right to acquire any of the foregoing) of, make or permit to exist any loans or advances to, Guarantee any obligations of, or make or permit to exist any
investment or any other interest in, any other Person, or purchase or otherwise acquire (in one transaction or a series of transactions) any assets of any other Person constituting a business unit, except (and provided, however, that during the Senior Term Period the Obligors or any Subsidiary may not
make an additional purchase, acquisition, advance, or investment pursuant to any of the clauses (d) (unless consistent with prior practice and in the ordinary course of business), (f), (g), (q), (r) or (s) below): 

(a)        Permitted Investments; 

  
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(b)        investments existing on the Original 
Closing Date 
andSeventh Amendment
 Effective Date (which investments shall, to the extent the principal amount thereof exceeds $500,000 as of the Seventh Amendment Effective Date, be set forth on Schedule 10.2.4); 

(c)        [Reserved]; 

(d)        investments by the Parent Borrower and the Subsidiaries in
their respective Subsidiaries that exist immediately prior to any applicable transaction; provided that (i) any such Equity Interests held by an Obligor shall be pledged pursuant to a Security Document acceptable to Agent, to the extent
required by this Agreement; (ii) investments (excluding any such investments, loans, advances and Guarantees to such
Subsidiaries that are assumed and exist on the date any Permitted Acquisition is consummated and that are not made, incurred or created in contemplation of or in connection with such Permitted Acquisition) and (ii) investments by Obligors in, and loans and advances by Obligors to, and Guarantees by Obligors of Debt (or lease obligations)
of, Subsidiaries that are not Obligors made after the Original Closing Datethat have complied with the Collateral and Guarantee Requirement shall only be permitted if, (x) such investments are not made, directly or indirectly, by a Borrower with proceeds of any
Revolver Loan,
(y) at the time of and after giving effect to such
investment, (x), the Required Conditions are met and (y)z) at the time of and
after giving effect to such investment, the aggregate principal amount of any Debt (or lease obligations)
ofof
such investments, loans, advances and Guarantees made after the Seventh Amendment Effective Date under this clause 10.2.4(d)(ii) plus the amount of loans and advances permitted under Section 10.2.4(e)(ii) does not at any time exceed $10,000,000 (net of any cash that does not constitute proceeds of
such investments, loans or advances held by any Foreign Subsidiaries that
are not Obligors subject to any Guarantee by any Obligor made after the Original Closing
Date shall not at any time exceed
$40,000,000); 

(e)        loans or advances made by the Parent Borrower to any
Subsidiary and made by any Subsidiary to the Parent Borrower or any other Subsidiary; provided that (i) any such loans and advances made by an Obligor shall be evidenced by a promissory note pledged pursuant to a Security Document; and (ii) any such loans and advances made after the Seventh Amendment
Effective Date by Obligors to Subsidiaries that are not Obligors that have complied with the Collateral and Guarantee Requirement (x) shall not be made, directly or indirectly, by a Borrower with proceeds of any Revolver Loan, (y) shall not exceed $10,000,000 (net of any cash that does not constitute proceeds of such loans and advances held by any Foreign Subsidiaries that are not Obligors) when added to the amount of investments, loans, advances and
Guarantees permitted under Section 10.2.4(d)(ii), and
(z) shall only be permitted if, at the time of and after giving
effect to such investment, the Required Conditions are met; 

(f)        Guarantees permitted by
Section 10.2.1(a)(vii); 
 (g)        Fi        
Guarantees in
respect of
any Specified Vendor Payables
nancing;[Reserved]; 

(h)        investments received in connection with the bankruptcy or
reorganization of, or settlement of delinquent accounts and disputes with, customers and suppliers, in each case in the Ordinary Course of Business; 

(i)        any investments in or loans to any other Person received
as noncash consideration for sales, transfers, leases and other dispositions permitted by Section 10.2.5; 

  
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(j)        Guarantees by the Parent Borrower and the Subsidiaries of
leases entered into by any Subsidiary as lessee; provided that such Guarantees made by Obligors to Subsidiaries that are not Obligors shall only be permitted if, at the time of and after giving effect to such investment, the Required
Conditions are met, and the amount of lease obligations which is the subject of any such Guarantees shall be subject to the limitation set forth in clause (d) above; 

(k)        extensions of credit in the nature of accounts receivable
or notes receivable in the Ordinary Course of Business; 

(l)        loans or advances to employees made in the Ordinary Course
of Business consistent with prudent business practice and not exceeding
$2,500,00050,000 in the aggregate outstanding at any one time; 

(m)        investments in the form of Hedging Agreements permitted
under Section10.2.7; 
 (n)        [Reserved];reserved]; 
 (o)        payroll,
travel and similar advances to cover matters that are expected at the time of such advances ultimately to be treated as expenses for accounting purposes and that are made in the Ordinary Course of Business; 

(p)        
[Reserved];reserved]; 

(q)        investments, loans or advances in addition to those
permitted by the other clauses of this Section 10.2.4 not exceeding in the aggregate $25,000,0001,000,000 at any time outstanding, provided that no Default exists at the time that such
investment, loan or advance is made or is caused thereby; 

(r)        
investments made
(i) in an amount not to exceed the Net Proceeds of any issuance of Equity Interests in Parent Borrower issued after the Original Closing Date or
(ii) with Equity Interests in Parent Borrower; and[reserved] 

(s)        
[reserved]. 

(s) other investments by the Parent Borrower or any
Subsidiary so long as the Required Conditions are met.Notwithstanding anything to the contrary in this
Section 10.2.4,
 the Parent Borrower will not, nor will it permit any Subsidiary to (i) form, acquire, incorporate or otherwise permit to exist any Subsidiary that is not a Subsidiary on the Seventh Amendment Effective Date
or
(ii) make
 a loan or other advance to any director or officer of the Parent Borrower or any of its Subsidiaries. 

10.2.5        Asset Sales. None of the Obligors will, nor will they permit any
Subsidiary to, sell, transfer, lease or otherwise dispose of any asset, including any Equity Interest owned by it, nor will they permit any Subsidiary to issue any additional Equity Interest in such Subsidiary, except (and provided, however, that during the Senior Term Period the Obligors or any Subsidiary may not,
sell, transfer, lease or otherwise dispose of any additional asset, including any Equity Interest owned by it, nor will the Obligors permit any Subsidiary to issue any additional Equity Interest in such Subsidiary pursuant to any of the clauses (c), (e), (f) or (j) below): 

  
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 (a)        sales,
transfers, leases and other dispositions of inventory, used or surplus equipment or other obsolete assets, Permitted Investments and investments referred to in Section 10.2.4(h) in the Ordinary Course of Business; 

(b)        sales, transfers and dispositions to the Parent Borrower
or a Subsidiary; provided that anythe book value and the fair market value (whichever is higher) of
all property that is subject to such sales, transfers or dispositions involving a Subsidiary that is not a U.S. Obligor
shall be madean Obligor shall not exceed $10,000,000 in the aggregate for all such sales, transfers or dispositions made after the Seventh Amendment Effective Date and all such sales, transfers or dispositions shall be made in the Ordinary Course of Business and in compliance with Section 10.2.4 and
 Section 10.2.9; 

(c)        (i) sales of accounts receivable and inventory
and related assets by a Foreign Subsidiary pursuant to customary terms whereby recourse and exposure in respect thereof to any Foreign Subsidiary does not exceed at any time
$35,000,000to the extent permitted by Section 10.2.1(a)(xii) and (ii) sales of accounts receivablesreceivable and related assets pursuant to the Specified Vendor Receivables Financing permitted under
Section 10.2.1(a)(ii)
; 

(d)        the creation of Liens permitted by
Section 10.2.2 and dispositions as a result thereof; 

(e)        
sales 
or transfers
 
that 
are permitted 
sale 
and leaseback transactions pursuant to Section
10.2.6;[reserved];
 
 (f)Fi        sales and transfers that constitute part of an
Acquisition Lease
nancing;[reserved]; 

(g)        Restricted Payments permitted by
Section 10.2.8; 
 (h)        transfers
and dispositions constituting investments permitted under Section 10.2.4; 

  
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 (i)    sales, transfers and other dispositions of property identified
on Schedule 10.2.5 ;
and[reserved];
and 

(j)        so long as no Event of Default shall have occurred and
then be continuing, sales, transfers and other dispositions of assets (other than Equity Interests in a Subsidiary) that are not permitted by any other clause of this Section; provided that the aggregate fair market value of all assets sold,
transferred or otherwise disposed of in reliance upon this clause (j) shall not exceed (i) 15% of the aggregate fair market value of all assets of the Parent Borrower (determined
as of the end of its most recent Fiscal Year), including any Equity Interests owned by it, during any Fiscal Year of the Parent Borrower; provided that such amount shall be increased, in respect of the Fiscal Year ending on December 31,
2016, and each Fiscal Year thereafter by an amount equal to the total unused amount of such permitted sales, transfers and other dispositions for the immediately preceding Fiscal Year (without giving effect to the amount of any unused permitted
sales, transfers and other dispositions that were carried forward to such preceding Fiscal Year) and (ii) 35% of the aggregate fair market value of all assets of the Parent Borrower as of the Original Closing Date, including any Equity Interests
owned by it, during the time subsequent to the Original Closing$15,000,000 during the term of this Agreement after the Seventh Amendment Effective Date; provided, further, however, that Obligors shall comply with Section 10.1.2(l) concerning any sale, transfer or other disposition of Revolver Priority
Collateral in an aggregate amount in excess of
$5,000,0003,000,000; 
 provided that (x) all sales, transfers, leases and other
dispositions permitted hereby (other than those permitted by clauses (b) or (h) above) shall be made for fair value and (y) all sales, transfers, leases and other dispositions permitted by clauses
(i) 
andclause (j) above shall be for at least 75% cash consideration.

 10.2.6         Sale and Leaseback Transactions. None of the
Obligors will, nor will they permit any Subsidiary to, enter into any arrangement, directly or indirectly, whereby it shall sell or transfer any property, real or personal, used or useful in its business, whether now owned or hereinafter acquired,
and thereafter rent or lease such property or other property that it intends to use for substantially the same purpose or purposes as the property sold or transferred, except, in each
case, during the Senior Term Period, for (a) any such sale of any fixed or
capital assets (other than any such transaction to which (b) or (c) below is
applicable) that is made for cash consideration in an amount not less than the cost of such fixed or capital asset in an aggregate amount less than or equal to $10,000,000, so long as the Capital Lease Obligations associated therewith are permitted
by Section
10.2.1(a)(viii), (b) in the case of property owned as of or after the Original Closing Date, any such sale of any fixed or capital assets that is made for
cash consideration in an aggregate amount not less than the fair market value of such fixed or capital assets not to exceed $20,000,000 in the aggregate, in each case, so long as the Capital Lease Obligations (if any) associated therewith are
permitted by Section
10.2.1(a)(viii), and (c) any Acquisition
Lease Financing.

 10.2.7         Hedging Agreements. None of the Obligors will, nor
will they permit any Subsidiary to, enter into any Hedging Agreement, other than (a) Hedging Agreements entered into in the Ordinary Course of Business and which are not speculative in nature to hedge or mitigate risks to which the Parent
Borrower or any other Subsidiary is exposed in the conduct of its business or the management of its assets or liabilities (including Hedging Agreements that effectively cap, collar or exchange interest rates (from fixed to floating rates, from one
floating rate to another floating rate or otherwise)), (b) except during the Senior Term
Period, any Permitted Bond Hedge Transaction and (c) except during the Senior
Term Period, any
Permitted Warrant Transaction. 
 10.2.8        Restricted Payments;
Certain Payments of Debt. 

  
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 (a)        None of
the Obligors will, nor will they permit any Subsidiary to, declare or make, or agree to pay or make, directly or indirectly, any Restricted Payment, or incur any obligation (contingent or otherwise) to do so, except (and provided, however, that the Borrower or any Subsidiary may not during the Senior Term Period
declare or make, or agree to pay or make, directly or indirectly, any Restricted Payment or incur any obligation (contingent or otherwise) to do so pursuant to any of the clauses (iii), (iv), (v), (vi), (vii) or (viii) below): 

(i)        Parent Borrower may declare and pay dividends with
respect to its Equity Interests payable solely in additional common Equity
Interests in Parent Borrower; 
 (ii)         Subsidiaries
may declare and pay dividends ratably with respect to their Equity Interests; 

(iii)        
the Parent Borrower may (A) use the proceeds of the Term Loan Debt to pay the Original Closing Date Dividend and (B) make other Restricted Payments not exceeding $5,000,000 from and after the Original Closing Date, in
each case pursuant 

  
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 to and in
accordance with stock option plans, equity purchase programs or agreements or other benefit plans, in each case for management or employees or former employees of the Parent Borrower and the Subsidiaries; Parent Borrower and its Subsidiaries may declare to
make, or make, any Restricted Payment in connection with the Seventh Amendment Transactions on the Seventh Amendment Effective Date (but not, for the avoidance of doubt, any Restricted Payments made directly or indirectly in cash); 

(iv)        
the Parent Borrower may make 
other Restricted Payments; provided that at the time of and immediately after giving effect to such Restricted Payments (and any Debt incurred in connection therewith), the Required Conditions are met; [reserved]; 

(v)        
each of the Parent Borrower and Blitz K16-102 GmbH, a limited liability company organized under the laws of Germany, may pay purchase price adjustments required to be paid by such Person pursuant to the Westfalia Purchase Agreement, without giving
effect to any amendment thereto not specifically described in the definition of
“Westfalia Purchase Agreement”;[reserved];
 

(vi)        
the 
Parent Borrower
 
may 
make 
any Restricted 
Payments in respect of Permitted Convertible Indebtedness permitted under Section 10.2.8(b);Parent Borrower may make payments or deliveries in shares
of common stock and cash in lieu of fractional shares required by the terms of, and otherwise perform its obligations under, the Convertible Notes Indenture (including, without limitation, making payments of interest and principal thereon and/or making deliveries
(other than in cash) due upon conversion
thereof); 

(vii)        the Parent Borrower may pay the premium in respect of,
and otherwise perform its obligations under, any Permitted Bond Hedge Transaction; and 

(viii)        the Parent 
Borrower may 
make 
any Restricted Payments and/or payments or deliveries required by the terms of, and otherwise perform its obligations under, any Permitted Warrant
Transaction (including, without limitation, making payments and/or deliveries due upon exercise and settlement or termination thereof). [reserved]. 

(b)        None of the Obligors will, nor will they permit any
Subsidiary to, make or agree to pay or make, directly or indirectly, any payment or other distribution (whether in cash, securities or other property) of or in respect of principal of or interest on any Debt or any fees or PIK Amount (as defined in the First Lien Term Loan Agreement) owing under Section 2.12(c) of the First Lien Term Loan Agreement or similar fees, or any payment or other distribution (whether in cash, securities or other property), including any sinking fund or similar deposit, on account of
the purchase, redemption, retirement, acquisition, cancellation or termination of any Debt,
except (and provided, however, that the Borrower or any Subsidiary may not during the
Senior Term Period make, or agree to pay or make, directly or indirectly, any payment or other distribution (whether in cash, securities or other property) of or in respect of principal of or interest on any Indebtedness, or any payment or other
distribution (whether in cash, securities or other property), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement, acquisition, cancellation or termination of any Indebtedness pursuant to any of the
clauses (vi), (vii) or (ix) (other than as required to comply with its obligations as in effect on the Fourth Amendment Effective Date) below): 

  
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 (i)        payment
of Debt created under the Loan Documents; 
 (ii)        (A) payment of regularly scheduled interest and principal payments as and when due in
respect of any Debt, other than payments in respect of subordinated Debt prohibited by the subordination provisions thereof;
provided that (a) no cash interest payments under any Debt under the Second Lien Term Loan Agreement may be made,
(b) except as provided in clause (B) below, no cash payment of any PIK Amount (as defined in the First Lien Term Loan Agreement) may be made until the Term Loan Maturity Date (as defined in the First Lien Term Loan Agreement), and
(c) any prepayment pursuant to Section 2.11(d) {Excess Cash Flow} of any Term Loan
Agreement
may only be made if on the date of such prepayment, after giving pro forma effect to such prepayment, the “Required Conditions” as in effect as of the Seventh Amendment
Effective Date would be satisfied, and (B) payment of any fees and/or PIK
Amount
due under Section 2.12(c) of the First Lien Term Loan Agreement (collectively, the “Cash PIK Obligations”) may be made; provided that, if on such date for payment of
such Cash PIK Obligations, after giving effect to payment thereof, the Required
Conditions
(as defined in the ABL Credit Agreement as in effect as of the Seventh Amendment Effective Date) would not be satisfied and Net Proceeds of sales or dispositions permitted under
Section 6.05(j) of the First Lien Term Loan Agreement (“Net Sale Proceeds”) are not sufficient to fund the full amount of required principal repayment plus the
Cash PIK Obligations, then the payment of any such Cash PIK
Obligations
(less any amount paid from Net Sale Proceeds after satisfying all principal prepayment obligations) shall instead be due and payable on the earlier to occur of (i) the first
date that the Required Conditions can be satisfied after giving effect to such
payment and (ii) July 1, 2020. 

(iii)        refinancings of Debt to the extent permitted by
Section 10.2.1; 
 (iv)        subject to the Intercreditor Agreement, payment of 
securedFirst Lien Secured Debt out of the proceeds of any sale or transfer of the property or assets
securing such Debt; 
 (v)        payment of Second Lien Term Loan Debt solely with the proceeds of mandatory prepayments declined
or waived by the First Lien Term Loan Lenders; 
 (vi)        (v) [reserved]; 

(vi)      
  payments of Debt with the Net Proceeds of an issuance of Equity Interests in Parent Borrower; 

(vii)        
payments of Debt; provided that at the time of and immediately after giving
effect to such payment, the Required Conditions are met;[reserved];

 (viii)        the Parent Borrower may make any
deliveries in shares of common stock (or other securities or property following a merger event or other change of the common stock of the Parent Borrower so long as any such securities do not constitute Disqualified Equity Interests of an Obligor)
in connection with any conversion of any Permitted Convertible Indebtedness; 

  
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 (ix)        the
Parent Borrower may make any cash payments in lieu of issuing fractional shares in connection with a conversion (including pursuant to any put transaction), exchange, refinancing or extension of any Permitted Convertible Indebtedness; and 

(x)        
the 
Parent Borrower may purchase 
any Permitted 
Bond Hedge Transaction and perform its obligations
thereunder.[reserved]. 

(d)        None of the Obligors will, nor will they permit any
Subsidiary to, enter into or be party to, or make any payment under, any Synthetic Purchase Agreement, unless, in each
case except during the Senior Term Period, (i) in the case of any Synthetic Purchase Agreement related
to any Restricted DebtEquity Interests of the Parent Borrower, the payments required to be made by the Parent Borrower or the Subsidiaries thereunder are limited to the amount permitted
under Section
10.2.8(b) and (iii) in the case of any Synthetic Purchase Agreement, the obligations of the Parent Borrower and the
Subsidiaries thereunder are subordinated to the Obligations on terms satisfactory to the Required Lendersamounts
permitted to be paid under Section 10.2.8(a). 
 10.2.9        Transactions with
Affiliates. None of the Obligors will, nor will they permit any Subsidiary to, sell, lease or otherwise transfer any property or assets to, or purchase, lease or otherwise acquire any property or assets from, or otherwise engage in any other
transactions with, any of its Affiliates, except: 

(a)        transactions that are at prices and on terms and conditions not less favorable to the Parent Borrower or such Subsidiary than could be obtained on an
arm’s-length basis from unrelated third parties; provided that (i) in the case of any single transaction or series of transactions with a volume in excess of $500,000, the board of directors of the Parent Borrower shall have made a
determination in good faith that such transaction or series of transactions, as applicable, is on prices and on terms and conditions not less favorable to the Parent Borrower or such Subsidiary than could be obtained on an arm’s-length basis
from unrelated third parties, and (ii) in the case of any single transaction or series of transactions with a volume in excess of $1,000,000, the board of directors of the Parent Borrower shall have engaged an independent financial advisor
reasonably acceptable to the Required Lenders and such independent financial advisor shall have made a determination and delivered a customary fairness opinion stating that such transaction or series of transactions, as applicable, is on prices and
on terms and conditions not less favorable to the Parent Borrower or such Subsidiary than could be obtained on an arm’s-length basis from unrelated
third parties; 
 (b)        transactions between or among
the Parent Borrower and the
Subsidiariesany other Obligor not involving
any other Affiliate (to the extent not otherwise prohibited by other provisions of this Agreement); 

(c)        any Restricted Payment permitted by
Section 10.2.8; and 
 (d)         (i) transactions pursuant to agreements in effect on the Original Closing Date and
listed on Schedule 10.2.9 (provided that this clause (d) shall not apply to any extension, or renewal of, or any amendment or modification of such agreements that is less favorable to the Parent Borrower or the applicable
Subsidiaries, as the case may be) and (ii) the Seventh Amendment Transactions with respect to agreements as in effect on the Seventh Amendment Effective Date and the
performance of the Obligors’ obligations under such agreements. 

  
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 10.2.10        Restrictive
Agreements. None of the Obligors will, nor will they permit any Subsidiary to, directly or indirectly, enter into, incur or permit to exist any agreement or other arrangement that prohibits, restricts or imposes any condition upon (a) the
ability of any Obligor or any Subsidiary to create, incur or permit to exist any Lien upon any of its property or assets, or (b) the ability of any Subsidiary to pay dividends or other distributions with respect to any of its Equity Interests
or to make or repay loans or advances to the Parent Borrower or any other Subsidiary or to Guarantee Debt of the Parent Borrower or any other Subsidiary; provided that that (i) the foregoing shall not apply to restrictions and conditions imposed by law or by any Loan Document or any Specified Vendor Receivables Financing Document, Specified Vendor Payables Financing Document, Senior Term Loan Document or Term Loan Document that are customary, in the reasonable judgment of the board of directors thereof, for the market in which such Debt is issued so long as such restrictions do not prevent, impede or impair
(x) the creation of Liens and Guarantees in favor of the Lenders under the Loan Documents or (y) the satisfaction of the obligations of the Obligors under the Loan Documents,
(ii) 
the foregoing shall not apply to restrictions and conditionsor
existing on the Original
ClosingSeventh Amendment Effective Date and identified on Schedule 10.2.10 (but shall apply to any extension or renewal of, or any amendment or
modification expanding the scope of, any such restriction or condition),
(iiiii)the foregoing shall not apply to customary restrictions and conditions contained in agreements relating to the sale of a Subsidiary pending such sale; provided, further, that such restrictions and
conditions apply only to the Subsidiary that is to be sold and such sale is permitted hereunder and
(iviii) clause (a) of the foregoing shall not apply to (A) restrictions or conditions imposed by any agreement relating to secured Debt permitted by this Agreement if such restrictions or conditions apply only
to the property or assets securing such Debt and (B) customary provisions in leases and other agreements restricting the assignment thereof. 

10.2.11 Amendment of Material Documents. None of the Obligors will, nor will they permit any Subsidiary to, amend,
restate, modify or waive any of its rights under (a) (i) its certificate of incorporation, by-laws or other organizational
documents,
and/or (ii) any Material
Agreement, Spin-Off Documentation or other agreements (including joint venture agreements) other than the Term Loan Documents, in each case to the extent such amendment, restatement, modification or waiver is adverse to Agent or Lenders in any
material respect (it being agreed that the addition or removal of Obligors from participation in a Specified Vendor Receivables Financing or Specified Vendor
Payables Financing shall not constitute an amendment, modification or waiver of any Specified Vendor
Receivables Financing Document or Specified
Vendor Payables Financing Document, as applicable, that is adverse to the Lenders), (b) the First Lien Term Loan Documents to the extent such amendment, restatement, modification or waiver (i) results in a maturity date earlier
than 91 days following the Latest Maturity Date then in effect with respect to the Obligations, (ii) results in a decreased weighted average life of the First Lien Term Loan Debt (other than as a result of an amendment solely to the final maturity date permitted by clause (i) above), (iii) adds any mandatory prepayment provision or changes any mandatory prepayment
provision in a manner that would increase the amount of any mandatory prepayment of the First Loan Term Loan Debt (provided,
however, that this clause (iii) shall not restrict the modification to the definition of “ECF Percentage” effected by the First Lien Term Loan Agreement Fourth Amendment and the First Lien Term Loan Agreement Sixth
Amendment), (iv) increases the “Applicable Margin” or similar component of interest thereunder by more than 3.0% (other than as a result of accrual of interest at the default rate), or
(v) adds an additional covenant or event of default or makes any covenant or event of default in any First Lien Term Loan
Document materially more restrictive or burdensome prior to the Latest Maturity Date then in effect (unless this Agreement is amended to provide all of the Lenders with the benefits of such covenant or event of default), in each case under this
clause (v) other than covenants and events of default solely relating to the Term Priority Collateral or (c, (c) the Second Lien Term
Loan Documents to the extent such amendment,
restatement, modification or waiver (i) results in a maturity date earlier than 91 days following the Latest Maturity
Date then in effect with respect to the Obligations, 

  
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 (ii) results in a decreased weighted average life of the Second Lien Term Loan Debt (other than as a result of an amendment solely to the final maturity date permitted by clause (i) above), (iii) adds any mandatory prepayment provision or
changes any mandatory prepayment provision in a manner that would increase the amount of any mandatory prepayment of the Second Lien Term Loan Debt, (iv) increases the “Applicable Margin” or similar component of interest thereunder by
more than 3.0% (other than as a result of accrual of interest at the default rate), or (v) adds an additional covenant or event of default or makes any covenant or event of default in any Second Lien Term Loan Document materially more
restrictive or burdensome prior to the Latest Maturity Date then in effect (unless this Agreement is amended to provide all of the Lenders with the benefits of such covenant or event of default), in each case under this clause (v) other than
covenants and events of default solely relating to the Term Priority Collateral, or (d) the documents evidencing any Permitted Convertible Indebtedness to the extent such amendment, restatement, modification or waiver (i) results in a maturity date earlier than 91 days following the Latest
Maturity Date then in effect with respect to the Obligations or (ii) adds any required principal amortization or any mandatory prepayment or repurchase provision or changes any mandatory prepayment or repurchase provision in a manner that would
increase the amount of any mandatory prepayment or repurchase obligation in respect of any Permitted Convertible Indebtedness. 

10.2.12        Use of Proceeds. No Borrower will request any Revolver Loan or
Letter of Credit, and no Borrower shall use, and shall procure that its Subsidiaries and its or their respective directors, officers, employees and agents shall not use, the proceeds of any Revolver Loan or Letter of Credit (A) in furtherance
of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (B) for the purpose of funding, financing or facilitating any
activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, to the extent such activities, businesses or transaction would be prohibited by Sanctions if conducted by a Person organized in the United States,
Canada, Mexico or in a European Union member state, or (C) in any manner that would result in the violation of any Sanctions applicable to any party hereto. 

10.2.13        Plans. The Obligors will not, and will not permit any
Subsidiary to maintain, sponsor, contribute to or otherwise incur liability or obligations in respect of a Canadian Pension Plan that provides benefits on a defined benefit basis without the prior written consent of Agent. 

10.2.14        Accounting Changes. None of the Obligors will, nor will they
permit any Subsidiary to, make any material change in accounting treatment or reporting practices, except as required by GAAP and in accordance with Section 1.2; or change its Fiscal Year; provided that the Obligors may,
upon written notice to Agent, change their Fiscal Year to another date, in which case the Obligors and Agent will, and are hereby authorized to, many any adjustments to this Agreement that are necessary to reflect such change in Fiscal Year. 

10.3        Financial Covenant.    As long as any
Commitment or Obligation is outstanding, Obligors shall: 
 10.3.1        Fixed
Charge Coverage Ratio. Maintain a Fixed Charge Coverage Ratio for each 12 month period of at least 1.0 to 1.0 while a Financial Covenant Trigger Period is in effect, measured for the most recent monthly period for which financial statements were delivered hereunderunder Section 10.1.2(c) prior to the
Financial Covenant Trigger Period and each monthly period ending thereafter
until the Financial Covenant Trigger Period is no longer in effect. 

  
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 SECTION 11 

EVENTS OF DEFAULT; REMEDIES ON DEFAULT 

11.1            Events of Default. Each of the
following shall be an “Event of Default” if it occurs for any reason whatsoever, whether voluntary or involuntary, by operation of law or otherwise: 

(a)        the Borrowers shall fail to (i) pay any principal of
any Loan or any LC Obligation when and as the same shall become due and payable, whether at the due date thereof or at a date fixed for prepayment thereof or otherwise or (ii) provide Cash Collateral when and as the same shall be required by
Section 2.2.3, 2.3.3 or 2.4.3; 

(b)        any Borrower shall fail to pay any interest on any Loan or
any fee or any other amount (other than an amount referred to in clause (a) of this Section 11.1) payable under this Agreement or any other Loan Document, when and as the same shall become due and payable, and such
failure shall continue unremedied for a period of five Business Days; 

(c)        any representation or warranty made or deemed made by or
on behalf of any Borrower or any Subsidiary in or in connection with any Loan Document or any amendment or modification thereof or waiver thereunder, or in any report, certificate, financial statement or other document furnished pursuant to or in
connection with any Loan Document or any amendment or modification thereof or waiver thereunder, shall prove to have been incorrect in any material respect when made or deemed made; 

(d)        any Obligor shall fail to observe or perform any covenant,
condition or agreement contained in Section 8.1, 8.2.4, 8.2.5, 8.6.2, 10.1.1, 10.1.2, 10.1.3(a)(iv), 10.1.7, 10.1.8 (with respect to the existence of any Obligor and ownership of the Obligors other than the
Parent Borrower), 10.1.8(b), 10.1.13, 10.1.14, 10.1.15, 10.1.16, Section 10.2 or Section 10.3 of this Agreement, or, to the extent that such Obligor is a party thereto or otherwise obligated thereby (whether pursuant to the agreement of an Obligor that is party thereto or otherwise),
Section 5.13 of the Guarantee and Collateral Agreement or
Section 5.13 of the Foreign Facility 
Section 5.13 of the Amended and Restated ABL Guarantee and Collateral
Agreement; 
 (e)        any Obligor shall fail to observe
or perform any covenant, condition or agreement contained in any Loan Document, to the extent that such Obligor is a party thereto or otherwise obligated thereby (whether pursuant to the agreement of an Obligor that is party thereto or otherwise)
(other than those failures specified in clause (a), (b) or (d) of this Section 11.1), and such failure shall continue unremedied for a period of
3020 days (or, with respect to a failure to observe or perform any covenant, condition or agreement contained in Section 8 of the Guarantee
and Collateral Agreement or Section 8 of the Foreign FacilityAmended and Restated ABL Guarantee and Collateral Agreement, a period of 15 days) after notice thereof from Agent to the Borrower Agent (which notice will be given at the request of any Lender10 days); 

(f)        the Parent Borrower or any Subsidiary shall fail to make
any payment (whether of principal, interest or other payment obligations) in respect of any Material Debt, when and as the same shall become due and payable after giving effect to any applicable grace period with respect thereto; 

(g)        any event or condition occurs (including a “Fundamental Change” as defined in the Convertible Notes Indenture) that results in any Material Debt becoming due
prior to its scheduled maturity or that enables or permits the holder or holders of any Material Debt or 

  
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any trustee or agent on its or their behalf to cause any Material Debt to become due, or to require the prepayment, repurchase, redemption or defeasance thereof, prior to its scheduled maturity;
provided that this clause (g) shall not apply to
(A)
 secured Debt that becomes due as a result of the voluntary sale or transfer of the property or assets securing such Debt;
provided further that this clause (g) shall not apply toand
(B) any Permitted Convertible Indebtedness or any Permitted
Warrant Transaction to the extent such event or condition occurs as a result of (x) the satisfaction of a conversion contingency, (y) the exercise by a holder of Permitted Convertible Indebtedness of a conversion right resulting from the
satisfaction of a conversion contingency or (z) a required repurchase in respect of any Permitted Warrant Transaction, in
each case of this clause (B), solely to the extent that the obligation of Parent Borrower resulting from such event or condition is satisfied through the issuance of common Equity Interests of Parent Borrower other than the payment of cash in lieu
of the issuance of fractional Equity Interests of the Company; 

(h)        an involuntary proceeding shall be commenced or an
involuntary petition shall be filed seeking (i) liquidation, winding-up, reorganization arrangement, a proposal or other relief in respect of any Obligor or any Subsidiary or its debts, or of a
substantial part of its assets, under any federal, state, provincial or foreign bankruptcy, insolvency, receivership or similar law now or hereafter in effect or (ii) the appointment of a Creditor Representative or similar official for the
Parent Borrower or any Subsidiary or for a substantial part of its assets, and, in any such case, such proceeding or petition shall continue undismissed for 60 days or an order or decree approving or ordering any of the foregoing shall be entered;

 (i)        the Parent Borrower or any Subsidiary shall
(i) voluntarily commence any proceeding or file any petition seeking liquidation, winding-up, reorganization, arrangement, a proposal or other relief under any federal, state, provincial or foreign
bankruptcy, insolvency, receivership or similar law now or hereafter in effect, (ii) consent to the institution of, or fail to contest in a timely and appropriate manner, any proceeding or petition described in clause (h) of this Section,
(iii) apply for or consent to the appointment of a Creditor Representative or similar official for the Parent Borrower or any Subsidiary or for a substantial part of its assets, (iv) file an answer admitting the material allegations of a
petition filed against it in any such proceeding, (v) make a general assignment for the benefit of creditors or (vi) take any action for the purpose of effecting any of the foregoing; 

(j)        the Parent Borrower or any Subsidiary shall become unable,
admit in writing in a court proceeding its inability or fail generally to pay its debts as they become due or, with respect to any UK Borrower or UK Subsidiary, (i) it, 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 Debt (ii) the value of its assets shall become less than the value of its liabilities (taking into account contingent and prospective liabilities) or
(iii) a moratorium or other protection from its creditors is declared or imposed in respect of any its Debt; 

(k)        one or more judgments for the payment of money in an
aggregate amount in excess of
$5,000,0001,000,000 shall be rendered against the Parent Borrower, any Subsidiary or any combination thereof and the same shall remain undischarged for a period of 30 consecutive days during which execution shall not be effectively
stayed, or any action shall be legally taken by a judgment creditor to attach or levy upon any assets of the Parent Borrower or any Subsidiary to enforce any such judgment; 

(l)        an ERISA Event shall have occurred that, in the opinion of
the Required Lenders, when taken together with all other ERISA Events that have occurred, could reasonably be expected to result in a Material Adverse Effect on the Parent Borrower and its Subsidiaries; 

  
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 (m)        any Lien
covering property having a book value or fair market value of
$5,000,0001,000,000 or more purported to be created under any Security Document shall cease to be, or shall be asserted in writing by any Obligor not to be, a valid and perfected Lien on any Collateral, except (i) as a result of
the sale or other disposition of the applicable Collateral in a transaction permitted under the Loan Documents or (ii) as a result of Agent’s failure to maintain possession (or the failure of Agent’s agent or designee, including
without limitation the Controlling Term Loan Agent, as Agent’s agent for perfection pursuant to the Intercreditor Agreement, to maintain possession) of any stock certificates, promissory notes or other instruments delivered to it under the
Guarantee and Collateral Agreement and/or the Foreign
FacilityAmended
 and Restated ABL Guarantee and Collateral Agreement; 

(n)        any Guaranty shall cease to be, or shall have been
asserted in writing not to be, in full force and effect; 

(o)        the Parent Borrower or any Subsidiary shall challenge the
subordination provisions of the Subordinated Debt or assert that such provisions are invalid or unenforceable or that the Obligations of any Obligor, or the Obligations of any Subsidiary under any Guaranty, are not senior Debt under the
subordination provisions of the Subordinated Debt, or any court, tribunal or government authority of competent jurisdiction shall judge the subordination provisions of the Subordinated Debt to be invalid or unenforceable or such Obligations to be
not senior Debt under such subordination provisions or otherwise cease to be, or shall be asserted not to be, legal, valid and binding obligations of the parties thereto, enforceable in accordance with their terms; 

(p)        a Change in Control shall occur; 

(q)        an Obligor denies or contests the validity or
enforceability of any Loan Document (including, without limitation, the Intercreditor Agreement) or Obligations, or any Loan Document (including, without limitation, the Intercreditor Agreement) ceases to be in full force or effect for any reason
(other than a waiver or release by Agent and Lenders); 

(r)        a loss, theft, damage or destruction occurs with respect
to any Collateral if the amount not covered by insurance exceeds
$5,000,000100,000; 
 (s)        any
event occurs or condition exists that has a Material Adverse Effect; or 

(t)        (i) a Termination Event occurs or any Canadian
Multi-Employer Plan is terminated, in each case, in circumstances which would result or could reasonably be expected to result in a Canadian FacilityDomiciled Obligor being required to make a contribution to or in respect of a Canadian
Pension Plan or a Canadian Multi-Employer Plan or result in the appointment, by FSCO, of an administrator to wind up a Canadian Pension Plan, (ii) any Canadian Domiciled Obligor is in default with respect to any required contribution to a
Canadian Pension Plan, or (iii) any Lien arises (save for a contribution amount not yet due) in connection with any Canadian Pension Plan; provided, however, that an event or circumstance of the type described in clause (i), (ii)
or (iii) shall constitute an Event of Default under this clause (t) only if such event or circumstance, in the opinion of the Required Lenders, when taken together with all other events and circumstances of the type described in such
clauses that have occurred or existed on or after the Closing Date, could reasonably be expected to result in a Material Adverse Effect (it being acknowledged that, for purposes of this clause (t), funding deficiencies and other benefit 

  
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liabilities existing as of the Closing Date shall be included in the determination of whether a Material Adverse Effect has occurred or exists). 

11.2        Remedies upon Default. If an Event of Default described in
Section 11.1(h) or (i) occurs with respect to any Obligor, then to the extent permitted by Applicable Law, all Obligations (other than Secured Bank Product Obligations) shall become automatically due and payable and all
Commitments shall terminate, without any action by Agent or notice of any kind. In addition, or if any other Event of Default exists, Agent may in its discretion (and shall upon written direction of Required Lenders) do any one or more of the
following from time to time: 
 (a)        declare any Obligations
(other than Secured Bank Product Obligations) immediately due and payable, whereupon they shall be due and payable without diligence, presentment, demand, protest or notice of any kind, all of which are hereby waived by Obligors to the fullest
extent permitted by law; 
 (b)        terminate, reduce or
condition any Commitment, or make any adjustment to any Borrowing Base; 

  
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 (c)        require
Obligors to Cash Collateralize their LC Obligations, Secured Bank Product Obligations and other Obligations that are contingent or not yet due and payable, and if Obligors fail to deposit such Cash Collateral, Agent may (and shall upon the direction
of Required Lenders) advance the required Cash Collateral as Revolver Loans (whether or not an Overadvance exists or is created thereby, or the conditions in Section 6 are satisfied); and 

(d)        together with the Security Trustees (as applicable),
exercise any other rights or remedies afforded under any agreement, by law, at equity or otherwise, including the rights and remedies of a secured party under the UCC, PPSA or other similar domestic or foreign statutes. Such rights and remedies
include the rights to (i) take possession of any Collateral; (ii) require Borrowers to assemble Collateral, at Borrowers’ expense, and make it available to Agent and Security Trustees at a place designated by Agent or Security
Trustees (as applicable); (iii) enter any premises where Collateral is located and store Collateral on such premises until sold (and if the premises are owned or leased by an Obligor, Obligors agree not to charge for such storage); and
(iv) sell or otherwise dispose of any Collateral in its then condition, or after any further manufacturing or processing thereof, at public or private sale, with such notice as may be required by Applicable Law, in lots or in bulk, at such
locations, all as Agent or Security Trustees (as applicable), in their discretion, deem advisable. Each Obligor agrees that 10 days’ notice of any proposed sale or other disposition of Collateral by Agent or a Security Trustee shall be
reasonable, and that any sale conducted on the internet or to a Licensor of Intellectual Property shall be commercially reasonable. Agent and Security Trustees may conduct sales on any Obligor’s premises, without charge, and any sale may be
adjourned from time to time in accordance with Applicable Law. Agent and Security Trustees shall have the right to sell, lease or otherwise dispose of any Collateral for cash, credit or any combination thereof, and Agent and/or Security Trustees may
purchase any Collateral at public or, if permitted by law, private sale and, in lieu of actual payment of the purchase price, may credit bid and set off the amount of such price against the Obligations. 

11.3        License. Agent and Security Trustees are hereby granted an
irrevocable, non-exclusive license or other right to use, license or sub-license (without payment of royalty or other compensation to any Person) any or all Intellectual
Property of Obligors, computer hardware and software, trade secrets, brochures, customer lists, promotional and advertising materials, labels, packaging materials and other Property, in advertising for sale, marketing, selling, collecting,
completing manufacture of, or otherwise exercising any rights or remedies with respect to, any Collateral. Each Obligor’s rights and interests under Intellectual Property shall inure to Agent’s and Security Trustees’ benefit. 

11.4        Setoff. At any time during an Event of Default, Agent,
Security Trustees, Issuing Banks, Lenders, and any of their Affiliates are authorized, to the fullest extent permitted by Applicable Law, to set off and apply any and all deposits (general or special, time or demand, provisional or final, in
whatever currency) at any time held and other obligations (in whatever currency) at any time owing by Agent, such Security Trustee, such Issuing Bank, such Lender or such Affiliate to or for the credit or the account of an Obligor against its
Obligations, whether or not Agent, such Security Trustee, such Issuing Bank, such Lender or such Affiliate shall have made any demand under this Agreement or any other Loan Document and although such Obligations may be contingent or unmatured or are
owed to a branch or office of Agent, such Security Trustee, such Issuing Bank, such Lender or such Affiliate different from the branch or office holding such deposit or obligated on such indebtedness. The rights of Agent, each Security Trustee, each
Issuing Bank, each Lender and each such Affiliate under this Section are in addition to other rights and remedies (including other rights of setoff) that such Person may have. 

11.5        Remedies Cumulative; No Waiver. 

  
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 11.5.1        Cumulative
Rights. All agreements, warranties, guaranties, indemnities and other undertakings of Obligors under the Loan Documents are cumulative and not in derogation of each other. The rights and remedies of Agent, Security Trustees and Lenders under the
Loan Documents are cumulative, may be exercised at any time and from time to time, concurrently or in any order, and are not exclusive of any other rights or remedies available by agreement, by law, at equity or otherwise. All such rights and
remedies shall continue in full force and effect until Full Payment of all Obligations. 

11.5.2        Waivers. No waiver or course of dealing shall be established by
(a) the failure or delay of Agent, any Security Trustee or any Lender to require strict performance by any Obligor under any Loan Document, or to exercise any rights or remedies with respect to Collateral or otherwise; (b) the making of any
Loan or issuance of any Letter of Credit during a Default, Event of Default or other failure to satisfy any conditions precedent; or (c) acceptance by Agent, any Security Trustee or any Lender of any payment or performance by an Obligor under
any Loan Documents in a manner other than that specified therein. Any failure to satisfy a financial covenant on a measurement date shall not be cured or remedied by satisfaction of such covenant on a subsequent date. 

SECTION 12 
 AGENT

 12.1      Appointment, Authority and Duties of Agent. 

12.1.1        Appointment and Authority. 

(a)        Each Secured Party appoints and designates Bank of America
as Agent under all Loan Documents. Agent may, and each Secured Party authorizes Agent to, enter into all Loan Documents to which Agent is intended to be a party and accept all Security Documents. Any action taken by Agent in accordance with the
provisions of the Loan Documents, and the exercise by Agent of any rights or remedies set forth therein, together with all other powers reasonably incidental thereto, shall be authorized by and binding upon all Secured Parties. Without limiting the
generality of the foregoing, Agent, together with the Security Trustees, as applicable, shall have the sole and exclusive authority to (i) act as the disbursing and collecting agent for Lenders with respect to all payments and collections
arising in connection with the Loan Documents; (ii) execute and deliver as Agent each Loan Document, including any intercreditor or subordination agreement, and accept delivery of each Loan Document; (iii) act as collateral agent and
security trustee, as applicable, for Secured Parties for purposes of perfecting and administering Liens under the Loan Documents, and for all other purposes stated therein; (iv) manage, supervise or otherwise deal with Collateral; and
(v) take any Enforcement Action or otherwise exercise any rights or remedies with respect to any Collateral or under any Loan Documents, Applicable Law or otherwise. Agent alone shall be authorized to determine eligibility and applicable
advance rates under any Borrowing Base, whether to impose or release any reserve, or whether any conditions to funding or issuance of a Letter of Credit have been satisfied, which determinations and judgments, if exercised in good faith, shall
exonerate Agent from liability to any Secured Party or other Person for any error in judgment. 

(b)        In its capacity as Agent, for the purposes of holding any
hypothec granted pursuant to the laws of the Province of Québec, each of the Secured Parties hereby irrevocably appoints and authorizes Agent and, to the extent necessary, ratifies the appointment and authorization of Agent, to act as the
hypothecary representative of the applicable Secured Parties as contemplated under Article 2692 of the Civil Code of Québec, and to enter into, to take 

  
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and to hold on their behalf, and for their benefit, any hypothec, and to exercise such powers and duties that are conferred upon Agent under any related Deed of Movable Hypothec. Agent shall 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 Agent pursuant to any such Deed of Movable Hypothec and Applicable Law. Any person who
becomes a Secured Party shall, by its execution of an Assignment, be deemed to have consented to and confirmed Agent 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 Party, all actions taken by Agent in such capacity. The substitution of Agent pursuant to the provisions of this Section 12 also constitutes the substitution of Agent as hypothecary representative as
aforesaid. 
 (c)        In
addition,
for
Mexican
law
purposes,
each
Secured
Party
(c)
 hereby grants to Bank of America, as Agent, a
comisión
 mercantil con
representación
in accordance with Articles 273, 274, and other applicable articles of the Commerce Code of Mexico (Código de Comercio) to act on its behalf as its agent in connection with this Agreement and the Loan Documents, on the terms and for the
purposes set forth in this Agreement and the other Loan Documents. 

12.1.2        Duties. The title of “Agent” is used solely as a
matter of market custom and the duties of Agent are administrative in nature only. Agent has no duties except those expressly set forth in the Loan Documents, and in no event does Agent have any agency, fiduciary or implied duty to or relationship
with any Secured Party or other Person by reason of any Loan Document or related transaction. The conferral upon Agent of any right shall not imply a duty to exercise such right, unless instructed to do so by Lenders in accordance with this
Agreement. 
 12.1.3        Agent Professionals. Agent may perform its
duties through agents and employees. Agent may consult with and employ Agent Professionals, and shall be entitled to act upon, and shall be fully protected in any action taken in good faith reliance upon, any advice given by an Agent Professional.
Agent shall not be responsible for the negligence or misconduct of any agents, employees or Agent Professionals selected by it with reasonable care. 

12.1.4        Instructions of Required Lenders. The rights and remedies
conferred upon Agent under the Loan Documents may be exercised without the necessity of joining any other party, unless required by Applicable Law. In determining compliance with a condition for any action hereunder, including satisfaction of any
condition in Section 6, Agent may presume that the condition is satisfactory to a Secured Party unless Agent has received notice to the contrary from such Secured Party before Agent takes the action. Agent may request
instructions from Required Lenders or other Secured Parties with respect to any act (including the failure to act) in connection with any Loan Documents or Collateral, and may seek assurances to its satisfaction from Secured Parties of their
indemnification obligations against Claims that could be incurred by Agent. Agent may refrain from any act until it has received such instructions or assurances, and shall not incur liability to any Person by reason of so refraining. Instructions of
Required Lenders shall be binding upon all Secured Parties, and no Secured Party shall have any right of action whatsoever against Agent as a result of Agent acting or refraining from acting pursuant to instructions of Required Lenders.
Notwithstanding the foregoing, instructions by and consent of specific parties shall be required to the extent provided in Section 14.1.1. In no event shall Agent be required to take any action that it determines in its
discretion is contrary to Applicable Law or any Loan Documents or could subject any Agent Indemnitee to liability. 

12.2        Security Trustees. 

12.2.1    Appointment. 

  
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 (a)        The
Secured Parties hereby appoint the UK Security Trustee to hold (i) any security interest created by any UK Security Agreement; and (ii) the covenants and undertakings of the relevant UK Security Agreements, with respect to any jurisdiction
where the concept of trust is appropriate, in trust for the Secured Parties and with respect to any jurisdiction where the concept of trust is not appropriate, as security agent for the Secured Parties, and, in each case, the UK Security Trustee
accepts that appointment. 
 (b)        Each Security Trustee, 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 Loan Documents and (ii) its engagement in any kind of
banking or other business with any Obligor. 
 12.2.2    Delegation. Each Security Trustee may
delegate to any Person on such terms (which may include the power to sub-delegate) and subject to such conditions as it thinks fit, all or any of the rights, powers, authorities and discretions vested in it by
any of the Loan Documents. 
 12.2.3    Separate Security Trustees. 

(a)        Each Security Trustee may (whether for the purpose of
complying with any law or regulation of any overseas jurisdiction, or for any other reason) appoint any Person to act jointly with such Security Trustee either as a separate trustee or as a co-trustee (each an
“Appointee”) on such terms and subject to such conditions as such Security Trustee thinks fit and with such of the rights, powers, authorities and discretions vested in such Security Trustee by any Loan Document as may be conferred
by the instrument of appointment of the Appointee. 

(b)        Each Security Trustee may pay reasonable remuneration to
any Appointee, together with any costs and expenses (including legal fees) reasonably incurred by the 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 applicable Security Trustee. 

  
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 12.2.4    The UK Security Agreements. 

(a)        Each Secured Party confirms its approval of the relevant
UK Security Agreements and of any security interest intended to be created under it, and authorizes and instructs the UK Security Trustee to execute and deliver the relevant UK Security Agreements. 

(b)        The UK Security Trustee may accept without enquiry the
title (if any) which any Person may have to any assets over which security interest is intended to be created by the relevant UK Security Agreements, and shall not be liable to any other party for any defect in or failure of any such title. 

(c)        The UK Security Trustee shall not be (i) liable or
responsible to any Secured Party for any failure to perfect, protect, register, make any filing or give notice in respect of the security interest intended to be created by the relevant UK Security Agreements, unless that failure arises directly
from its own gross negligence or willful misconduct; (ii) obliged to insure any assets over which security interest is intended to be created by the relevant UK Security Agreements, to require any other person to maintain any such insurance, or
to make any enquiry or conduct any investigation into the legality, validity, effectiveness, adequacy or enforceability of any insurance existing over any such asset; or (iii) obliged to hold in its own possession the relevant UK Security
Agreements, title deed or other document relating to any assets over which security interest is intended to be created by the relevant UK Security Agreements. 

12.2.5    Security Trustee as Proprietor. Each Secured Party confirms that it does not wish to be
registered as a joint proprietor of any mortgage or charge created pursuant to the relevant UK Security Agreements and accordingly (a) authorizes the UK Security Trustee to hold such mortgages and charges in its sole name as trustee for the
relevant Secured Parties; and (b) requests the UK Land Registry (or other relevant registry) to register the UK Security Trustee as a sole proprietor (or heritable creditor, as the case may be) of any such mortgage or charge. 

12.2.6    Investments. Except to the extent that this Agreement or a UK Security Agreement
otherwise requires, any monies received by the UK Security Trustee under or pursuant to a UK Security Agreement may be (a) invested in any investments which it may select and which are authorized by Applicable Law; or (b) placed on deposit
at any bank or institution (including itself) on such terms as it may think fit, in each case in the name or under the control of the UK Security Trustee, and those monies, together with any accrued income (net of any applicable Tax) shall be held
by the UK Security Trustee to the order of Agent, and shall be payable to Agent on demand. 
 12.2.7 Secured
Parties’ Indemnity to the UK Security Trustee. Each Secured Party shall indemnify the UK Security Trustee, its delegates and sub-delegates and Appointees (each an “Indemnified
Party”), within three (3) Business Days of demand, against any cost, loss or liability incurred by the UK Security Trustee or the relevant Indemnified Party (otherwise than by reason of the gross negligence or willful misconduct of the
UK Security Trustee or that Indemnified Party) in acting as UK Security Trustee or its delegate, sub-delegate or Appointee under the relevant UK Security Agreements (except to the extent that the UK Security
Trustee or the relevant Indemnified Party has been reimbursed by any Obligor pursuant to the relevant UK Security Agreements). 

12.2.8    Conduct of business by the UK Security Trustee. No provision of this Agreement will
(a) interfere with the right of the UK Security Trustee to arrange its affairs (tax or otherwise) in whatever manner it thinks fit; (b) oblige the UK Security Trustee to investigate or claim any credit, relief, remission or repayment
available to it or the extent, order and manner of any claim; or (c) oblige the UK Security Trustee to disclose any information relating to its affairs (tax or otherwise) or any computations in 

  
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respect of tax. 
 12.2.9    Liability of UK
Security Trustee. 
 (a)        The UK Security Trustee shall
not nor shall any of its officers, employees or agents from time to time be responsible for: (i) the adequacy, accuracy and/or completeness of any information (whether oral or written) supplied by any Obligor or any other person given in or in
connection with the relevant UK Security Agreements; or (ii) the legality, validity, effectiveness, adequacy or enforceability of the relevant UK Security Agreements or any other agreement, arrangement or document entered into, made or executed
in anticipation of or in connection with the relevant UK Security Agreements. 

(b)        Without limiting
Section 12.2.9(a), the UK Security Trustee shall not be liable for any action taken by it or not taken by it under or in connection with the relevant UK Security Agreements, unless directly caused by its gross negligence or
willful misconduct. 
 (c)        No party (other than the UK
Security Trustee) may take any proceedings against any officer, employee or agent of the UK Security Trustee in respect of any claim it might have against the UK Security Trustee or in respect of any act or omission of any kind by that officer,
employee or agent in relation to the relevant UK Security Agreements and any officer, employee or agent of the UK Security Trustee may rely on this Section 12.2.9 and the provisions of the Contracts (Rights of Third
Parties) Act 1999, as amended. 
 (d)        The UK Security
Trustee shall not be liable for any delay (or any related consequences) in crediting an account with an amount required under the Loan Documents to be paid by the UK Security Trustee, if the UK Security Trustee has taken all necessary steps as soon
as reasonably practicable to comply with the regulations or operating procedures of any recognized clearing or settlement system used by the UK Security Trustee for that purpose. 

(e)        Without affecting the responsibility of the Obligors for
information supplied by them or on their behalf in connection with any Loan Document, each Secured Party confirms to the UK Security Trustee that it has been, and shall continue to be, solely responsible for making its own independent appraisal and
investigation of all risks arising under or in connection with the relevant UK Security Agreements, including but not limited to: (i) the financial condition, status and nature of the Obligors; (ii) the legality, validity, effectiveness,
adequacy or enforceability of the relevant UK Security Agreements and any other agreement, arrangement or document entered into, made or executed in anticipation of, under or in connection with the relevant UK Security Agreements; (iii) whether
such Secured Party has recourse, and the nature and extent of that recourse, against any party or any of its respective assets under or in connection with any Loan Document, the transactions contemplated by the UK Security Agreements or any other
agreement, arrangement or document entered into, made or executed in anticipation of, under or in connection with the relevant UK Security Agreements; and (iv) the adequacy, accuracy and/or completeness of any information provided by any person
under or in connection with the relevant UK Security Agreements, the transactions contemplated by the relevant UK Security Agreements or any other agreement, arrangement or document entered into, made or executed in anticipation of, under or in
connection with the relevant UK Security Agreements. 

  
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 12.2.10    Other UK Security Agreement Matters.

 (a)        The UK Security Trustee shall accept without
investigation, requisition or objection, such title as any person may have to the assets which are subject to the relevant UK Security Agreements and shall not (i) be bound or concerned to examine or enquire into the title of any person;
(ii) be liable for any defect or failure in the title of any person, whether that defect or failure was known to the UK Security Trustee or might have been discovered upon examination or enquiry and whether capable of remedy or not; or
(iii) be liable for any failure on its part to give notice of the relevant UK Security Agreements to any third party or otherwise perfect or register the security interests created by the relevant UK Security Agreements (unless such failure
arises directly from the UK Security Trustee’s gross negligence or willful misconduct). 

(b)        The UK Security Trustee shall hold the relevant UK
Security Agreements and all proceeds of enforcement of them in trust for the Secured Parties on the terms and conditions of this Agreement. 

(c)        The relevant UK Security Agreements shall rank as
continuing security interest for the discharge of the liabilities secured by it. 
 12.2.11  Disposals.

 (a)        Subject to Section 12.3.1,
the UK Security Trustee is authorized by each of the Secured Parties to execute on behalf of itself and each such Secured Party without the need for any further referral to or authority from such Secured Party, any release of the security interests
created by the relevant UK Security Agreements over that asset and, if such asset comprises all of the shares in any Obligor, the UK Security Trustee is further authorized, without the need for any further referral to or authority from such Secured
Party, to execute a release of any security interests granted by such Obligor over its assets pursuant to any of the UK Security Agreements provided that in each such case the proceeds are applied in the manner provided for in this Agreement
as if they were realizations pursuant to the relevant UK Security Agreements. 

(b)        Each Secured Party undertakes to execute such releases and
other documents as may be necessary to give effect to the releases specified in Section 12.2.11(a). 

12.2.12 Trust. The perpetuity period for each trust created by this Agreement shall be 80 years. 

12.2.13 Appointment and Retirement of UK Security Trustee. The UK Security Trustee (a) subject to the appointment of a
successor (provided that no Default exists, in consultation with the Borrower Agent) may, and must if Agent requires, retire at any time from its position as UK Security Trustee under the Loan Documents without assigning any reason, and
(b) must give notice of its intention to retire by giving to the other Secured Parties and the Borrower Agent not less than 30 days’ nor more than 60 days’ notice. 

12.2.14 Appointment of Successor. Agent may (provided that no Default exists, in consultation with the Borrower Agent)
appoint a successor to the UK Security Trustee, during the period of notice set forth in Section 12.2.13. If no successor is appointed by Agent, the UK Security Trustee may appoint (after consultation with Agent and,
provided that no Default exists, the Borrower Agent) its successor. The Secured Parties shall promptly enter into any agreements that the successor may reasonably require to effect its appointment. 

  
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 12.2.15  Discharge of UK Security Trustee. From the date
that the appointment of a successor is effected under Section 12.2.14, the retiring UK Security Trustee must be discharged from any further obligations under the Loan Documents as UK Security Trustee, and the successor to
the UK Security Trustee and each of the other Secured Parties have the same rights and obligations between themselves as they would have had if the successor had been a party to those Loan Documents. 

12.3      Agreements Regarding Collateral and Borrower Materials. 

12.3.1        Lien Releases; Care of Collateral. 

(a)        
Canadian Facility Secured Parties
hereby authorize Agent and any Security Trustee to release any Lien with respect to any Canadian
Facility Collateral (i) upon Full Payment of the Canadian
Facility Obligations; (ii) that is the subject of a disposition or Lien that Borrower Agent
certifies in writing is an asset disposition permitted by Section 10.2.5 or a Permitted Encumbrance entitled to priority over Agent’s or Security Trustees’ Liens, as applicable (and Agent and Security Trustees may
rely conclusively on any such certificate without further inquiry); (iii) that does not constitute a material part of the Canadian Facility Collateral; (iv) that is required to be released pursuant to the terms of any intercreditor agreement pertaining
to any Canadian Facility Collateral; or
(v) subject to Section 14.1, with the consent of Required Lenders. Canadian Facility Secured Parties hereby authorize Agent and Security Trustees to subordinate their Liens to any Purchase Money Lien or other Lien
entitled to priority under this Agreement. 

(b)        UK
Facility Secured Parties hereby authorize Agent and any Security Trustee to release any Lien with respect to any UK Facility Collateral (i) upon Full Payment of the UK Facility Obligations; (ii) that is the subject of a disposition or Lien that Borrower Agent certifies in writing is an asset disposition permitted by Section 10.2.5 or a Permitted Encumbrance entitled to priority over Agent’s or Security
Trustees’ Liens, as applicable (and Agent and Security Trustees may rely
conclusively on any such certificate without further inquiry); (iii) that does not constitute a material part of the UK Facility Collateral; (iv) that is required to be released pursuant to the terms of any intercreditor agreement pertaining to any UK Facility Collateral; or (v) subject
to Section
14.1, with the consent of Required Lenders. UK Facility Secured Parties hereby authorize Agent and Security Trustees to subordinate their Liens to any
Purchase Money Lien or other Lien entitled to priority under this Agreement.
(c) U.S. Facility Secured Parties hereby authorize Agent and any Security
Trustee to release any Lien with respect to any U.S. Facility Collateral
(i) upon Full Payment of the Obligations; (ii) that is the subject of a disposition or Lien that Borrower Agent certifies in writing is an asset
disposition permitted by Section
10.2.5 or a Permitted Encumbrance entitled to priority over
Agent’s or Security Trustees’ Liens, as applicable (and Agent and Security Trustees may rely conclusively on any such certificate
without further inquiry); (iii) that does not constitute a material part of the U.S.
Facility Collateral; (iv) that is required to be released pursuant to the terms of the
Intercreditor Agreement or any other intercreditor
agreement pertaining to any Collateral; or (v) subject to
Section 14.1, with the consent of Required Lenders. The U.S.
Facility Secured Parties hereby authorize Agent and Security Trustees to subordinate their Liens to any
Purchase Money Lien or other Lien entitled to priority under this Agreement. 
 (b)        [reserved]; 

(c)
        [reserved]; 

  
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(d)
        Agent has no obligation to assure that any Collateral exists or is owned by an Obligor, or is cared for, protected or insured, nor to assure that
Agent’s Liens have been properly created, perfected or enforced, or are entitled to any particular priority, nor to exercise any duty of care with respect to any Collateral. 

(e)
        In each case as specified in this Section 12.3.1, Agent and any Security Trustee will (and each Secured Party authorizes
Agent and Security Trustee to), at the Borrowers’ expense, execute and deliver to the applicable Obligor such documents as such Obligor may reasonably request to evidence the release of such item of Collateral from the assignment and security
interest granted under the Security Documents or to subordinate its interest in such item, or to release such Guarantor from its obligations under the Guaranties, in each case in accordance with the terms of the Loan Documents and this
Section 12.3.1. This Agreement and the security interest of the Secured Parties in the Collateral provided hereunder shall terminate upon the Full Payment of the Obligations (other than contingent obligations for
indemnification, expense reimbursement, tax gross-up or yield protection in each case as to which no claim has been asserted or is reasonably expected to be asserted). A Guarantor shall automatically be
released from its obligations under the Loan Documents and the security interest of the Secured Parties in the Collateral of such Guarantor shall be automatically released in the event that all the Equity Interests of such Guarantor shall be sold,
transferred or otherwise disposed of to a person that is not an Affiliate of a Borrower in accordance with the terms of this Agreement and the other Loan Documents; provided that the Required Lenders (or, if required by the terms of this
Agreement, such Lenders specified in this Agreement) shall have consented to such sale, transfer or other disposition (to the extent required by this Agreement and the other Loan Documents) and the terms of such consent did not provide otherwise.
The security interest of the Secured Parties in any Collateral that is sold, transferred or otherwise disposed of in accordance with this Agreement and the other Loan Documents (including pursuant to a waiver or amendment of the terms hereof) shall
automatically terminate and be released, and such Collateral shall be sold free and clear of the security interest created by the Loan Documents. 

12.3.2        Possession of Collateral. 

(a)        Agent and 
Canadian Facility
 Secured Parties hereby appoint each
Canadian Lender as agent (for
the benefit of Canadian
Facility Secured Parties) for the purpose of perfecting Liens on any Canadian Facility Collateral held or
controlled by such
Canadian Lender, to the extent
such Liens are perfected by possession or control. 

(b)        
Agent 
and UK
 
Facility Secured 
Parties hereby 
appoint each UK Lender as agent (for the benefit of UK Facility
Secured Parties) for the purpose of perfecting Liens on any UK Facility Collateral held or controlled by such UK Lender, to the extent such Liens are perfected by possession or control. [reserved]. 
 (c)        Agent and U.S. Facility Secured Parties hereby appoint each U.S. Lender as agent (for the benefit of U.S. Facility Secured Parties) for the purpose of perfecting Liens on any U.S. Facility Collateral held or controlled by such U.S. Lender, to the extent such
Liens are perfected by possession or
control. [reserved]. 
 (d)        If any
Lender obtains possession or control of any Collateral, it shall notify Agent thereof and, promptly upon Agent’s request, deliver such Collateral to Agent or otherwise deal with it in accordance with Agent’s instructions. 

  
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 12.3.3        Reports. Agent
shall promptly provide to each Applicable Lender, when complete, any field examination, audit or appraisal report prepared for Agent with respect to any Obligor or Collateral (“Report”). Reports and other Borrower Materials may be
made available to Lenders by providing access to them on the Platform, but Agent shall not be responsible for system failures or access issues that may occur from time to time. Each Lender agrees (a) that Reports are not intended to be
comprehensive audits or examinations, and that Agent or any other Person performing an audit or examination will inspect only limited information and will rely significantly upon Borrowers’ books, records and representations; (b) that
Agent makes no representation or warranty as to the accuracy or completeness of any Borrower Materials and shall not be liable for any information contained in or omitted from any Borrower Materials, including any Report; and (c) to keep all
Borrower Materials confidential and strictly for such Lender’s internal use, not to distribute any Report or other Borrower Materials (or the contents thereof) to any Person (except to such Lender’s Participants, attorneys and
accountants), and to use all Borrower Materials solely for administration of the Obligations. Each Lender shall indemnify and hold harmless Agent and any other Person preparing a Report from any action such Lender may take as a result of or any
conclusion it may draw from any Borrower Materials, as well as from any Claims arising as a direct or indirect result of Agent furnishing same to such Lender, via the Platform or otherwise. 

12.4        Reliance By Agent. Agent shall be entitled to rely, and
shall be fully protected in relying, upon any certification, notice or other communication (including those by telephone, telex, telegram, telecopy or e-mail) believed by it to be genuine and correct and to
have been signed, sent or made by the proper Person. Agent shall have a reasonable and practicable amount of time to act upon any instruction, notice or other communication under any Loan Document, and shall not be liable for any delay in acting.

 12.5        Action Upon Default. Agent shall not be deemed to have
knowledge of any Default or Event of Default, or of any failure to satisfy any conditions in Section 6, unless it has received written notice from Borrower Agent or Required Lenders specifying the occurrence and nature
thereof. If any Lender acquires knowledge of a Default, Event of Default or failure of such conditions, it shall promptly notify Agent and the other Lenders thereof in writing. Each Secured Party agrees that, except as otherwise provided in any Loan
Documents or with the written consent of Agent and Required Lenders, it will not take any Enforcement Action, accelerate Obligations (other than Secured Bank Product Obligations) or assert any rights relating to any Collateral. 

12.6        Ratable Sharing. If any Lender obtains any payment or
reduction of any Obligation, whether through set-off or otherwise, in excess of its ratable share of such Obligation, such Lender shall forthwith purchase from Secured Parties participations in the affected
Obligation as are necessary to share the excess payment or reduction on a Pro Rata basis or in accordance with Section 5.5.2, as applicable. If any of such payment or reduction is thereafter recovered from the purchasing
Lender, the purchase shall be rescinded and the purchase price restored to the extent of such recovery, but without interest. Notwithstanding the foregoing, if a Defaulting Lender obtains a payment or reduction of any Obligation, it shall
immediately turn over the full amount thereof to Agent for application under Section 4.2.2 and it shall provide a written statement to Agent describing the Obligation affected by such payment or reduction. No Lender shall
set off against a Controlled Account or a Dominion Account without Agent’s prior consent. 

12.7        Indemnification.    EACH SECURED PARTY
SHALL INDEMNIFY AND HOLD HARMLESS AGENT INDEMNITEES AND ISSUING BANK INDEMNITEES, TO THE EXTENT NOT REIMBURSED BY OBLIGORS, ON A PRO RATA BASIS, AGAINST ALL CLAIMS THAT MAY BE INCURRED BY OR ASSERTED AGAINST ANY SUCH INDEMNITEE, PROVIDED 

  
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 THAT ANY CLAIM AGAINST AN AGENT INDEMNITEE RELATES TO OR ARISES FROM ITS ACTING AS OR FOR
AGENT (IN THE CAPACITY OF AGENT). In Agent’s Permitted Discretion, it may reserve for any Claims made against an Agent Indemnitee or Issuing Bank Indemnitee, and may satisfy any judgment, order or settlement relating thereto, from proceeds of
Collateral prior to making any distribution of Collateral proceeds to Secured Parties. If Agent is sued by any Creditor Representative, debtor-in-possession or other
Person for any alleged preference or fraudulent transfer, then any monies paid by Agent in settlement or satisfaction of such proceeding, together with all interest, costs and expenses (including attorneys’ fees) incurred in the defense of
same, shall be promptly reimbursed to Agent by each Secured Party to the extent of its Pro Rata share. 

12.8        Successor Agent and
Co-Agents. 

12.8.1        Resignation; Successor Agent. Agent may resign at any time by
giving at least 30 days written notice thereof to Lenders and Borrower Agent. Required Lenders may appoint a successor to replace the resigning Agent, which successor shall be (a) a U.S. Lender or an Affiliate of a U.S. Lender; or (b) a
financial institution that is organized under the laws of the U.S. or any state or district thereof and reasonably acceptable to Required Lenders and (provided no Default exists) Borrower Agent. If no successor agent is appointed prior to the
effective date of Agent’s resignation, then Agent may appoint a successor agent that is a financial institution that is organized under the laws of the U.S. or any state or district thereof and acceptable to Agent (which shall be a Lender
unless no Lender accepts the role) or in the absence of such appointment, Required Lenders shall on such date assume all rights and duties of Agent hereunder. Upon acceptance by any successor Agent of its appointment hereunder, such successor Agent
shall thereupon succeed to and become vested with all the powers and duties of the retiring Agent without further act. On the effective date of its resignation, the retiring Agent shall be discharged from its duties and obligations hereunder but
shall continue to have all rights and protections under the Loan Documents with respect to actions taken or omitted to be taken by it while Agent, including the indemnification set forth in Sections 12.7, 12.17 and 14.2, and all
rights and protections under this Section 12. Any successor to Bank of America by merger or acquisition of stock or this loan shall continue to be Agent hereunder without further act on the part of any Secured Party or
Obligor. 
 12.8.2        Co-Collateral
Agent. It is the intent of the parties that there shall be no violation of any Applicable Law denying or restricting the right of financial institutions to transact business in any jurisdiction. If appropriate under Applicable Law (including,
without limitation, any situation in which Agent believes that it may be limited in the exercise of any rights or remedies under the Loan Documents due to any Applicable Law), Agent may appoint a Person to serve as a separate security trustee, co-collateral agent or separate collateral agent under any Loan Document. Each right, remedy and protection intended to be available to Agent under the Loan Documents shall also be vested in such agent. Secured
Parties shall execute and deliver any instrument, agreement or other document that Agent may request to effect such appointment. If any such separate security trustee, co-collateral agent or separate
collateral agent shall die, dissolve, become incapable of acting, resign or be removed, then all the rights and remedies of such agent, to the extent permitted by Applicable Law, shall vest in and be exercised by Agent until appointment of a new
agent. 
 12.9        Limitation on Responsibilities of Agent. Agent
shall not be liable to any Secured Party for any action taken or omitted to be taken under the Loan Documents, except for losses directly and solely caused by Agent’s gross negligence or willful misconduct. Agent does not assume any
responsibility for any failure or delay in performance or any breach by any Obligor, Lender or other Secured Party of any obligations under the Loan Documents. Agent does not make any express or implied representation, warranty or guarantee to
Secured Parties with respect to any Obligations, Collateral, Liens, Loan Documents or Obligor. No Agent Indemnitee shall be responsible to Secured 

  
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 Parties for any recitals, statements, information, representations or warranties contained
in any Loan Documents or Borrower Materials; the execution, validity, genuineness, effectiveness or enforceability of any Loan Documents; the genuineness, enforceability, collectability, value, sufficiency, location or existence of any Collateral,
or the validity, extent, perfection or priority of any Lien therein; the validity, enforceability or collectability of any Obligations; or the assets, liabilities, financial condition, results of operations, business, creditworthiness or legal
status of any Obligor or Account Debtor. No Agent Indemnitee shall have any obligation to any Secured Party to ascertain or inquire into the existence of any Default or Event of Default, the observance by any Obligor of any terms of the Loan
Documents, or the satisfaction of any conditions precedent contained in any Loan Documents. 

12.10       Due Diligence and
Non-Reliance. Each Lender acknowledges and agrees that it has, independently and without reliance upon Agent or any other Lenders, and based upon such documents, information and analyses as it has
deemed appropriate, made its own credit analysis of each Obligor and its own decision to enter into this Agreement and to fund Loans and participate in LC Obligations hereunder. Each Secured Party has made such inquiries as it feels necessary
concerning the Loan Documents, Collateral and Obligors. Each Secured Party acknowledges and agrees that the other Secured Parties have made no representations or warranties concerning any Obligor, any Collateral or the legality, validity,
sufficiency or enforceability of any Loan Documents or Obligations. Each Secured Party will, independently and without reliance upon any other Secured Party, and based upon such financial statements, documents and information as it deems appropriate
at the time, continue to make and rely upon its own credit decisions in making Loans and participating in LC Obligations, and in taking or refraining from any action under any Loan Documents. Except for notices, reports and other information
expressly requested by a Lender, Agent shall have no duty or responsibility to provide any Secured Party with any notices, reports or certificates furnished to Agent by any Obligor or any credit or other information concerning the affairs, financial
condition, business or Properties of any Obligor (or any of its Affiliates) which may come into possession of Agent or its Affiliates. 

12.11       Remittance of Payments and Collections. 

12.11.1        Remittances Generally. All payments by any Lender to Agent
shall be made by the time and on the day set forth in this Agreement, in immediately available funds. If no time for payment is specified or if payment is due on demand by Agent and request for payment is made by Agent by 1:00 p.m. (Local Time) on a
Business Day, payment shall be made by Lender not later than 3:00 p.m. (Local Time) on such day, and if request is made after 1:00 p.m. (Local Time), then payment shall be made by 11:00 a.m. (Local Time) on the next Business Day. Payment by Agent to
any Secured Party shall be made by wire transfer, in the type of funds received by Agent. Any such payment shall be subject to Agent’s right of offset for any amounts due from such payee under the Loan Documents. 

12.11.2        Failure to Pay. If any Secured Party fails to pay any amount
when due by it to Agent pursuant to the terms hereof, such amount shall bear interest, from the due date until paid in full, at the greater of the Federal Funds Rate or the rate determined by Agent as customary for interbank compensation for two
Business Days and thereafter at the Default Rate for U.S. Base Rate Loans. In no event shall Borrowers be entitled to credit for any interest paid by a Secured Party to Agent, nor shall a Defaulting Lender be entitled to interest on amounts held by
Agent pursuant to Section 4.2. 

12.11.3        Recovery of Payments. If Agent pays an amount to a Secured
Party in the expectation that a related payment will be received by Agent from an Obligor and such related payment is not received, then Agent may recover such amount from the Secured Party. If Agent determines that an amount received by it must be
returned or paid to an Obligor or other Person pursuant to Applicable Law or otherwise, then Agent shall not be required to distribute such amount to any Secured Party. If any 

  
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 amounts received and applied by Agent to Obligations held by a Secured Party are later
required to be returned by Agent pursuant to Applicable Law, such Secured Party shall pay to Agent, on demand, its share of the amounts required to be returned. 

12.12        Individual Capacities. As a Lender, Bank of America shall
have the same rights and remedies under the Loan Documents as any other Lender, and the terms “Lenders,” “Required Lenders” or any similar term shall include Bank of America in its capacity as a Lender. Agent, Lenders and their
Affiliates may accept deposits from, lend money to, provide Bank Products to, act as financial or other advisor to, and generally engage in any kind of business with, Obligors and their Affiliates, as if they were not Agent or Lenders hereunder,
without any duty to account therefor to any Secured Party. In their individual capacities, Agent, Lenders and their Affiliates may receive information regarding Obligors, their Affiliates and their Account Debtors (including information subject to
confidentiality obligations), and shall have no obligation to provide such information to any Secured Party. 

12.13        Titles. Each Lender, other than Bank of America, that is
designated in connection with this credit facility as an “Arranger,” “Bookrunner” or “Agent” of any kind shall have no right or duty under any Loan Documents other than those applicable to all Lenders, and shall in no
event have any fiduciary duty to any Secured Party. 
 12.14        Bank
Product Providers. Each Secured Bank Product Provider, by delivery of a notice to Agent of a Bank Product, agrees to be bound by the Loan Documents, including Sections 5.5, 14.3.3 and 12. Each Secured Bank Product
Provider shall indemnify and hold harmless Agent Indemnitees, to the extent not reimbursed by Obligors, against all Claims that may be incurred by or asserted against any Agent Indemnitee in connection with such provider’s Secured Bank Product
Obligations. 
 12.15        No Third Party Beneficiaries. This
Section 12 is an agreement solely among Secured Parties and Agent, and shall survive Full Payment of the Obligations. This Section 12 does not confer any rights or benefits upon Borrowers or any
other Person. As between Borrowers and Agent, any action that Agent may take under any Loan Documents or with respect to any Obligations shall be conclusively presumed to have been authorized and directed by Secured Parties. 

12.16        Authorization Regarding Intercreditor Agreement. Each
Lender hereby (a) consents to the subordination of Liens provided for in the Intercreditor Agreement, (b) agrees that it will be bound by, and will take no actions contrary to, the provisions of the Intercreditor Agreement,
(c) authorizes and instructs Agent to enter into the Intercreditor Agreement on behalf of such Lender and agrees that Agent may take such actions on its behalf as is contemplated by the terms of the Intercreditor Agreement, and (d) acknowledges
(or is deemed to acknowledge) that a copy of the Intercreditor Agreement was delivered, or made available, to such Lender and it has received and reviewed the Intercreditor Agreement. In the event of any conflict between the terms of the
Intercreditor Agreement and any of the other Loan Documents, the terms of the Intercreditor Agreement shall govern and control except as expressly set forth in the Intercreditor Agreement. 

12.17        Withholding Taxes. To the extent required by any Applicable
Law, and subject to Section 5.8.4, Agent may withhold from any payment to any Lender an amount equivalent to any applicable withholding Tax. If the IRS or any other Governmental Authority asserts a claim that Agent did not properly withhold Tax
from amounts paid to or for the account of any Lender because (a) the appropriate form was not delivered or was not properly executed by such Lender, (b) such Lender failed to notify Agent of a change in circumstance which rendered the
exemption from, or reduction of, withholding Tax ineffective or for any other reason or (c) such Lender otherwise failed to comply with Section 5.9, or if Agent reasonably determined that a payment was made to a Lender
pursuant to this 

  
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 Agreement without deduction or applicable withholding Tax from such payment, such Lender
shall indemnify Agent fully for all amounts paid, directly or indirectly, by Agent as Tax or otherwise, including any expenses (including legal expenses) incurred 

12.18   Lender Representations and Warranties. 

(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 Agent and the Arranger and their
respective Affiliates, and not, for the avoidance of doubt, to or for the benefit of any Borrower or any other Obligor, 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 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 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 Agent and the Arranger and their respective Affiliates, and not, for the avoidance of doubt, to or for the benefit of any
Borrower or any other Obligor, that: 

  
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 (i)        none of
the Agent or the 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 Agent under this Agreement, any Loan Document or
any documents related to 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 

(v)        no fee or other compensation is being paid directly to
the Agent or the Arranger or any 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)        The Agent and the Arranger 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 Loan 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. 

  
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 SECTION 13 

BENEFIT OF AGREEMENT; ASSIGNMENTS 

13.1       Successors and Assigns. This Agreement shall be binding upon and
inure to the benefit of Obligors, Agent, Lenders, Secured Parties, and their respective successors and assigns, except that (a) no Obligor shall have the right to assign its rights or delegate its obligations under any Loan Documents; and
(b) any assignment by a Lender must be made in compliance with Section 13.3. 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
Section 13.3. Any authorization or consent of a Lender shall be conclusive and binding on any subsequent transferee or assignee of such Lender. 

13.2       Participations. 

13.2.1        Permitted Participants; Effect.    Subject
to Section 13.3.3, any Lender may sell to a financial institution (“Participant”) a participating interest in the rights and obligations of such Lender under any Loan Documents. Despite any sale by a Lender
of participating interests to a Participant, such Lender’s obligations under the Loan 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 Borrower Group Commitments for all purposes, all amounts payable by the applicable Obligor Group shall be determined as if it had not sold such participating interests, and the applicable Obligor Group and Agent shall
continue to deal solely and directly with such Lender in connection with the Loan Documents. Each Lender shall be solely responsible for notifying its Participants of any matters under the Loan Documents, and Agent and the other Lenders shall not
have any obligation or liability to any such Participant. A Participant that would be a Foreign Lender if it were a Lender shall not be entitled to the benefits of Sections 3.7 or 5.8 unless Borrower Agent agrees otherwise in writing
to the grant of such participating interest. 
 13.2.2        Voting Rights.
Each Lender shall retain the sole right to approve, without the consent of any Participant, any amendment, waiver or other modification of a Loan Document other than that which forgives principal, interest or fees, reduces the stated interest rate
or fees payable with respect to any Loan or Commitment in which such Participant has an interest, postpones the Commitment Termination Date in respect of a Borrower Group in which such Participant has an interest or any date fixed for any regularly
scheduled payment of principal, interest or fees on such Loan or Commitment, or releases any Borrower, Guarantor or other Obligor or substantially all Collateral. 

13.2.3        Participant Register. Each Lender that sells a participation
shall, acting as a non-fiduciary agent of 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. 

13.2.4        Benefit of Setoff. Obligors agree that each Participant shall
have a right of set-off in respect of its participating interest to the same extent as if such interest were owing directly to a Lender, and each Lender shall also retain the right of set-off with respect to any participating interests sold by it. By exercising any right of set-off, a Participant agrees to share with Lenders all amounts received through its
set-off, in accordance with Section 12.6 as if such Participant were a Lender. 

  
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 13.3       Assignments. 

13.3.1         Permitted Assignments. A Lender may assign to an Eligible
Assignee any of its rights and obligations under the Loan Documents, as long as (a) each assignment is of a constant, and not a varying, percentage of the transferor Lender’s rights and obligations under the Loan Documents and, in the case
of a partial assignment, is in a minimum principal amount of $5,000,000 (unless otherwise agreed by Agent in its discretion) and integral multiples of $5,000,000 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 Agent in its discretion); and (c) the parties to each such assignment shall
execute and deliver an Assignment to Agent for acceptance and recording. Nothing herein shall limit the right of a Lender to pledge or assign any rights under the Loan Documents to secure obligations of such Lender, including a pledge or assignment
to a Federal Reserve Bank; provided, however, that no such pledge or assignment shall release the Lender from its obligations hereunder nor substitute the pledge or assignee for such Lender as a party hereto. 

13.3.2         Effect; Effective Date. Upon delivery to Agent of an assignment
notice in the form of Exhibit B and a processing fee of $3,500 (unless otherwise agreed by Agent in its discretion), the assignment shall become effective as specified in the notice, if it complies with this
Section 13.3. From such effective date, the Eligible Assignee shall for all purposes be a Lender under the Loan Documents, and shall have all rights and obligations of a Lender thereunder. Upon consummation of an
assignment, the transferor Lender, Agent and Borrowers shall make appropriate arrangements for issuance of replacement and/or new notes, if applicable. The transferee Lender shall comply with Section 5.9 and deliver, upon request, an
administrative questionnaire satisfactory to Agent. The assigning Lender shall deliver a copy of such assignment notice to Borrower Agent concurrently with the delivery of the same to Agent. 

13.3.3         Certain Assignees. No assignment or participation may be made
to a Borrower, Affiliate of a Borrower, Defaulting Lender or natural person. Agent has no obligation to determine whether any assignee is permitted under the Loan Documents. Assignment by a Defaulting Lender shall be effective only if there is
concurrent satisfaction of all outstanding obligations of the Defaulting Lender under the Loan Documents in a manner satisfactory to Agent, including payment by the Eligible Assignee or Defaulting Lender to Agent of an aggregate amount sufficient
upon distribution (through direct payment, purchases of participations or other methods acceptable to Agent) to satisfy all funding and payment liabilities of the Defaulting Lender. 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. 

13.3.4         Register. Agent, acting as a
non-fiduciary agent of Borrowers (solely for tax purposes), shall maintain (a) a copy (or electronic equivalent) of each Assignment and Acceptance delivered to it, and (b) 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 Borrowers, Agent and Lenders shall treat each Person recorded in
such register as a Lender for all purposes under the Loan Documents, notwithstanding any notice to the contrary. Agent may choose to show only one Borrower as the borrower in the register, without any effect on the liability of any Obligor with
respect to the Obligations. The register shall be available for inspection by Borrowers or any Lender, from time to time upon reasonable notice. 

13.4       Replacement of Certain Lenders. If a Lender (a) within the last
120 days failed to give its consent to any amendment, waiver or action for which consent of all Lenders was required and 

  
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 Required Lenders consented, (b) is a Defaulting Lender, or (c) within the last 120
days gave a notice under Section 3.5 or requested payment or compensation under Section 3.7 or 5.8 (and has not designated a different Lending Office pursuant to
Section 3.8), then Agent or Borrower Agent may, upon 10 days’ notice to such Lender, require it to assign its rights and obligations under the Loan Documents to Eligible Assignee(s), pursuant to appropriate
Assignment(s), within 20 days after the notice. Agent is irrevocably appointed as attorney-in-fact to execute any such Assignment if the Lender fails to execute it. Such
Lender shall be entitled to receive, in cash, concurrently with such assignment, all amounts owed to it under the Loan Documents through the date of assignment. 

SECTION 14 

MISCELLANEOUS 

14.1       Consents, Amendments and Waivers. 

14.1.1          Amendment.     No modification
of any Loan Document, including any extension or amendment of a Loan Document or any waiver of a Default or Event of Default, shall be effective without the prior written agreement of Agent (with the consent of Required Lenders) and each Obligor
party to such Loan Document; provided, however, that 
 (a)
        without the prior written consent of Agent, no modification shall alter any provision in a Loan Document that relates to any rights, duties or discretion of Agent; 

(b)         (i) without the prior written consent of Canadian Issuing
Bank, no modification shall alter Section 2.2 or any other provision in a Loan Document that relates to Canadian Letters of Credit or any rights, duties or discretion of Canadian Issuing Bank, (ii) without the prior written consent of UK
Issuing Bank, no modification shall alter Section 2.3 or any other provision in a Loan Document that relates to UK Letters of Credit or any rights, duties or discretion of UK Issuing Bank and (iii) without the prior written
consent of U.S. Issuing Bank, no modification shall alter Section 2.4 or any other provision in a Loan Document that relates to U.S. Letters of Credit or any rights, duties or discretion of U.S. Issuing Bank; 

(c)         without the prior written consent of each affected
Lender, including a Defaulting Lender, no modification shall (i) increase the Borrower Group Commitment of such Lender; (ii) reduce the amount of, or waive or delay payment of, any principal, interest or fees payable to such Lender (except
as provided in Section 4.2); (iii) extend the Commitment Termination Date applicable to such Lender’s Obligations; or (iv) amend this clause (c); 

(d)         without the prior written consent of all Lenders (except
any Defaulting Lender), no modification shall (i) alter Section 5.5.2, or 14.1.1; (ii) amend the definition of any Borrowing Base, FILO
Amount, any Accounts Formula Amount or any Inventory Formula Amount (or any defined term used in such
definitions) if the effect of such amendment is to increase borrowing availability, Pro Rata or Required Lenders; (iii) release all or substantially all Collateral; (iv) except in connection with a merger, disposition or similar
transaction expressly permitted hereby, release any Obligor from liability for any Obligations;
or (v) increase the Maximum
Facility Amount, or
(vi) amend
 the definition of U.S. Special Availability Block; 

(e)         without the prior written consent of a Secured Bank
Product Provider, no modification shall affect its relative payment priority under Section 5.5.2; 

  
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 (f)        Agent
and the applicable Obligors may amend, modify or supplement any Loan Document without the consent of any Lender or the Required Lenders in order to correct, amend or cure any ambiguity, inconsistency or defect or correct any typographical error or
other manifest error in any Loan Document; and 
 (g)        Agent
and the Borrowers may amend this Agreement without the consent of any Lender or Required Lenders in order to provide the Lenders with the benefits of any additional covenants, additional events of default, more restrictive covenants or more
restrictive events of default that are added to Senior Term Loan Documents
and/or the Term Loan Documents. 

Notwithstanding anything in this Section 14.1.1 to the contrary, (a) this Agreement may be
amended (or amended and restated) with the written consent of only Agent, the Borrower Agent and each Lender to add one or more additional credit facilities to this Agreement for a new jurisdiction and to permit the extensions of credit from time to
time outstanding thereunder and the accrued interest and fees in respect thereof to share in the benefits of this Agreement and the other Loan Documents and (b) the consent of all Lenders (except any Defaulting Lender) is required for an
increase in the Maximum Facility Amount. By their execution of this Agreement, the Required Lenders consent to the execution of the amendments to the Intercreditor Agreement and the
Amended and Restated ABL Guarantee and Collateral Agreement that are referred to in Section 10.1.15.

 14.1.2        Limitations. The agreement of Obligors shall not be
required for any modification of a Loan Document that deals solely with the rights and duties of Lenders, Agent, Security Trustees and/or Issuing Banks as among themselves. Only the consent of the parties to any agreement relating to fees or a Bank
Product shall be required for modification of such agreement, and no Bank Product provider (in such capacity) shall have any right to consent to modification of any Loan Document other than its Bank Product agreement. Any waiver or consent granted
by Agent or Lenders hereunder shall be effective only if in writing and only for the matter specified. 

14.1.3        Payment for Consents. No Obligor will, directly or indirectly,
pay any remuneration or other thing of value, whether by way of additional interest, fee or otherwise, to any Lender (in its capacity as a Lender hereunder) as consideration for agreement by such Lender with any modification of any Loan Documents,
unless such remuneration or value is concurrently paid, on the same terms, on a Pro Rata basis to all Lenders providing their consent. 

14.2      Indemnity. EACH OBLIGOR SHALL INDEMNIFY AND HOLD HARMLESS THE
INDEMNITEES AGAINST ANY CLAIMS THAT MAY BE INCURRED BY OR ASSERTED AGAINST ANY INDEMNITEE, INCLUDING CLAIMS ASSERTED BY ANY OBLIGOR OR OTHER PERSON OR ARISING FROM THE NEGLIGENCE OF AN INDEMNITEE. In no event shall any party to a Loan Document have
any obligation thereunder to indemnify or hold harmless an Indemnitee with respect to a Claim that is determined in a final, non-appealable judgment by a court of competent jurisdiction to result from the
gross negligence or willful misconduct of such Indemnitee. 
 14.3       Notices
and Communications. 
 14.3.1         Notice Address. Subject to
Section 4.1.4, all notices and other communications by or to a party hereto shall be in writing and shall be given to any Obligor, at Borrower Agent’s address shown on the signature pages hereof, and to any other
Person at its address shown on the signature pages hereof (or, in the case of a Person who becomes a Lender after the Closing Date, at the address shown on its Assignment), or at such other address as a party may hereafter specify by notice in 

  
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 accordance with this Section 14.3. Each communication shall be
effective only (a) if given by facsimile transmission, when transmitted to the applicable facsimile number, if confirmation of receipt is received; (b) if given by mail, three Business Days after deposit in the local mail system of the
recipient, with first-class postage pre-paid, addressed to the applicable address; or (c) if given by personal delivery, when duly delivered to the notice address with receipt acknowledged.
Notwithstanding the foregoing, no notice to Agent pursuant to Section 2.1.4, 2.2, 2.3, 2.4, 3.1.2 or 4.1.1 shall be effective until actually received by the individual to whose attention
at Agent such notice is required to be sent. Any written communication that is not sent in conformity with the foregoing provisions shall nevertheless be effective on the date actually received by the noticed party. Any notice received by Borrower
Agent shall be deemed received by all Obligors. 

14.3.2        Communications. Electronic communications (including e-mail, messaging and websites) may be used only in a manner acceptable to Agent and only for routine communications, such as delivery of Borrower Materials, administrative matters, distribution of Loan Documents
and matters permitted under Section 4.1.4. Secured Parties make no assurance as to the privacy or security of electronic communications. E-mail and voice mail shall not be effective
notices under the Loan Documents. 
 14.3.3        Platform. Borrower
Materials shall be delivered pursuant to procedures approved by Agent, including electronic delivery (if possible) upon request by Agent to an electronic system maintained by Agent (“Platform”). Borrower Agent shall notify Agent of
each posting of Borrower Materials on the Platform and the materials shall be deemed received by Agent only upon its receipt of such notice. Borrower Materials and other information relating to this credit facility may be made available to Secured
Parties on the Platform. The Platform is provided “as is” and “as available.” Agent does not warrant the accuracy or completeness of any information on the Platform nor the adequacy or functioning of the Platform, and expressly
disclaims liability for any errors or omissions in the Borrower Materials or any issues involving the Platform. NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS, OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY AGENT WITH RESPECT TO BORROWER MATERIALS OR THE PLATFORM. No Agent Indemnitee shall have any liability to Obligors,
Secured Parties or any other Person for losses, claims, damages, liabilities or expenses of any kind (whether in tort, contract or otherwise) relating to use by any Person of the Platform, including any unintended recipient, nor for delivery of
Borrower Materials and other information via the Platform, internet, e-mail, or any other electronic platform or messaging system. 

14.3.4        Public Information. Obligors and Secured Parties acknowledge
that “public” information may not be segregated from material non-public information on the Platform. Secured Parties acknowledge that Borrower Materials may include Obligors’ material non-public information, and should not be made available to personnel who do not wish to receive such information or may be engaged in investment or other market-related activities with respect to an Obligor’s
securities. 

14.3.5        Non-Conforming
Communications. Agent and Lenders may rely upon any communications purportedly given by or on behalf of any Obligor even if they were not made in a manner specified herein, were incomplete or were not confirmed, or if the terms thereof, as
understood by the recipient, varied from a later confirmation. Each Obligor shall indemnify and hold harmless each Indemnitee from any liabilities, losses, costs and expenses arising from any electronic or telephonic communication purportedly given
by or on behalf of an Obligor. 

  
 -203- 

 14.4        Performance of
Obligors’ Obligations. Agent may, in its Permitted Discretion at any time and from time to time, at the expense of the applicable Obligor Group, pay any amount or do any act required of an Obligor under any Loan Documents or otherwise
lawfully requested by Agent to (a) enforce any Loan Documents or collect any Obligations; (b) protect, insure, maintain or realize upon any Collateral; or (c) defend or maintain the validity or priority of Agent’s or any Security
Trustee’s Liens in any Collateral, including any payment of a judgment, insurance premium, warehouse charge, finishing or processing charge, or landlord claim, or any discharge of a Lien. All payments, costs and expenses (including
Extraordinary Expenses) of Agent under this Section shall be reimbursed to Agent by Obligors, on demand, with interest from the date incurred until paid in full, at the Default Rate applicable to U.S. Base Rate Loans. Any payment made or action
taken by Agent under this Section shall be without prejudice to any right to assert an Event of Default or to exercise any other rights or remedies under the Loan Documents. 

14.5        Credit Inquiries. Agent and Lenders may (but shall have no
obligation) to respond to usual and customary credit inquiries from third parties concerning any Obligor or Subsidiary. 

14.6        Severability. Wherever possible, each provision of the Loan
Documents shall be interpreted in such manner as to be valid under Applicable Law. 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 the Loan
Documents shall remain in full force and effect. 
 14.7        Cumulative
Effect; Conflict of Terms. The provisions of the Loan Documents are cumulative. The parties acknowledge that the Loan Documents may use several limitations or measurements to regulate similar matters, and they agree that these are cumulative
and that each must be performed as provided. Except as otherwise provided in another Loan Document (by specific reference to the applicable provision of this Agreement), if any provision contained herein is in direct conflict with any provision in
another Loan Document, the provision herein shall govern and control. 

14.8        Counterparts; Execution. Any Loan Document may be executed
in counterparts, each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Agreement shall become effective when Agent has received counterparts bearing the signatures of all parties
hereto. Agent may (but shall have no obligation to) accept any signature, contract formation or record-keeping through electronic means, which shall have the same legal validity and enforceability as manual or paper-based methods, to the fullest
extent permitted by Applicable Law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any similar state law based on the Uniform Electronic Transactions Act.

 14.9        Entire Agreement. Time is of the essence with respect
to all Loan Documents and Obligations. The Loan Documents constitute the entire agreement, and supersede all prior understandings and agreements, among the parties relating to the subject matter thereof. 

14.10      Relationship with Lenders. The obligations of each Lender hereunder are
several, and no Lender shall be responsible for the obligations or Commitments of any other Lender. Amounts payable hereunder to each Lender shall be a separate and independent debt. It shall not be necessary for Agent or any other Lender to be
joined as an additional party in any proceeding for such purposes. Nothing in this Agreement and no action of Agent, Lenders or any other Secured Party pursuant to the Loan Documents or otherwise shall be deemed to constitute Agent and any Secured
Party to be a partnership, joint venture or similar arrangement, nor to constitute control of any Obligor. 

  
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 14.11    No Advisory or Fiduciary
Responsibility. In connection with all aspects of each transaction contemplated by any Loan Document, Obligors acknowledge and agree that (a)(i) this credit facility and any arranging or other services by Agent, any Lender, any of their
Affiliates or any arranger are arm’s-length commercial transactions between Obligors and their Affiliates, on one hand, and Agent, any Lender, any of their Affiliates or any arranger, on the other hand;
(ii) Obligors have consulted their own legal, accounting, regulatory and tax advisors to the extent they have deemed appropriate; and (iii) Obligors are capable of evaluating, and understand and accept, the terms, risks and conditions of
the transactions contemplated by the Loan Documents; (b) each of Agent, Lenders, their Affiliates and any arranger is and has been acting solely as a principal and, except as expressly agreed in writing by the relevant parties, has not been, is
not, and will not be acting as an advisor, agent or fiduciary for Obligors, their Affiliates or any other Person, and has no obligation with respect to the transactions contemplated by the Loan Documents except as expressly set forth therein; and
(c) Agent, Lenders, their Affiliates and any arranger may be engaged in a broad range of transactions that involve interests that differ from those of Obligors and their Affiliates, and have no obligation to disclose any of such interests to
Obligors or their Affiliates. To the fullest extent permitted by Applicable Law, each Obligor hereby waives and releases any claims that it may have against Agent, Lenders, their Affiliates and any arranger with respect to any breach of agency or
fiduciary duty in connection with any transaction contemplated by a Loan Document. 

14.12    Confidentiality. Each of Agent, Lenders and Issuing Banks shall maintain the
confidentiality of all Information (as defined below), except that Information may be disclosed (a) to its Affiliates, and to its and their partners, directors, officers, employees, agents, advisors and representatives (provided they are
informed of the confidential nature of the Information and instructed to keep it confidential); (b) to the extent requested by any governmental, regulatory or self-regulatory authority purporting to have jurisdiction over it or its Affiliates;
(c) to the extent required by Applicable Law or by any subpoena or other legal process; (d) to any other party hereto; (e) in connection with any action or proceeding relating to any Loan Documents or Obligations; (f) subject to
an agreement containing provisions substantially the same as this Section, to any Transferee or any actual or prospective party (or its advisors) to any Bank Product or to any swap, derivative or other transaction under which payments are to be made
by reference to an Obligor or Obligor’s obligations; (g) to the extent such Information (i) becomes publicly available other than as a result of a breach of this Section or (ii) is available to Agent, any Lender, any Issuing Bank
or any of their Affiliates on a nonconfidential basis from a source other than Obligors; (h) on a confidential basis to a provider of a Platform; or (i) with the consent of Borrower Agent. Notwithstanding the foregoing, Agent and Lenders
may publish or disseminate general information concerning this credit facility for league table, tombstone and advertising purposes, and may use Obligors’ logos, trademarks or product photographs in advertising materials. As used herein,
“Information” means information received from an Obligor or Subsidiary relating to it or its business that is identified as confidential when delivered. A Person required to maintain the confidentiality of Information pursuant to this
Section shall be deemed to have complied if it exercises a degree of care similar to that accorded its own confidential information. Each of Agent, Lenders and Issuing Banks acknowledges that (i) Information may include material non-public information; (ii) it has developed compliance procedures regarding the use of such information; and (iii) it will handle the material non-public
information in accordance with Applicable Law. 
 14.13    Certifications Regarding Senior Term Loan Documents and Term Loan Documents. Obligors certify to Agent and Lenders that neither the execution or performance of the Loan Documents nor the incurrence of any Obligations by
Obligors violates the Senior Term Loan Documents or the Term Loan Documents. Obligors further certify that the Commitments and Obligations constitute “Indebtedness”
permitted under each of the Senior Term Loan Documents and the Term Loan
AgreementAgreements. Agent may condition Borrowings, Letters of
Credit and other credit accommodations under the Loan Documents from time to time upon Agent’s receipt of evidence that the 

  
 -205- 

 Commitments and Obligations continue to constitute “Indebtedness” permitted under
each of
the 
Senior Term Loan Agreement and
the Term Loan AgreementAgreements at such time. 

14.14     GOVERNING LAW. UNLESS EXPRESSLY PROVIDED IN ANY LOAN DOCUMENT, THIS
AGREEMENT, THE OTHER LOAN DOCUMENTS AND ALL CLAIMS SHALL BE GOVERNED BY THE LAWS OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO ANY CONFLICT OF LAW PRINCIPLES EXCEPT FEDERAL LAWS RELATING TO NATIONAL BANKS. 

14.15     Consent to Forum. 

14.15.1        Forum. EACH OBLIGOR HEREBY CONSENTS TO THE EXCLUSIVE
JURISDICTION OF ANY STATE COURT SITTING IN NEW YORK COUNTY, NEW YORK 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 LOAN DOCUMENTS, AND
AGREES THAT ANY DISPUTE, ACTION, LITIGATION OR OTHER PROCEEDING SHALL BE BROUGHT BY IT SOLELY IN ANY SUCH COURT. EACH OBLIGOR 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 HERETO IRREVOCABLY AND UNCONDITIONALLY SUBMITS TO THE JURISDICTION OF SUCH COURTS AND CONSENTS TO SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES IN SECTION
14.3.1. 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 Law. 

14.15.2        Other Jurisdictions. Nothing herein shall limit the right of
Agent, any Security Trustee or any Lender to bring proceedings against any Obligor (other than a Mexican Domiciled Obligor) in any other court, nor limit the right of any party to serve process in any other manner permitted by Applicable Law (except
with respect to service of process to Mexican Domiciled Obligors). Nothing in this Agreement shall be deemed to preclude enforcement by Agent or any Security Trustee of any judgment or order obtained in any forum or jurisdiction. Final judgment
against an Obligor in any action, suit or proceeding shall be conclusive and may be enforced in any other jurisdiction, including the country in which such Obligor is domiciled, by suit on the judgment. 

14.16     Waivers by Obligors. To the fullest extent permitted by Applicable Law, each
Obligor waives (a) the right to trial by jury (which Agent, each Security Trustee and each Lender hereby also waives) in any proceeding or dispute of any kind relating in any way to any Loan Documents, Obligations or Collateral;
(b) presentment, demand, protest, notice of presentment, default, non-payment, maturity, release, compromise, settlement, extension or renewal of any commercial paper, accounts, documents, instruments,
chattel paper and guaranties at any time held by Agent or any Security Trustee on which an Obligor may in any way be liable, and hereby ratifies anything Agent and/or such Security Trustee may do in this regard; (c) notice prior to taking
possession or control of any Collateral; (d) any bond or security that might be required by a court prior to allowing Agent or any Security Trustee to exercise any rights or remedies; (e) the benefit of all valuation, appraisement and
exemption laws; (f) any claim against Agent, any Security Trustee, any Issuing Bank or any Lender, on any theory of liability, for special, indirect, consequential, exemplary or punitive damages (as opposed to direct or actual damages) in any
way relating to any Enforcement Action, Obligations, Loan Documents or transactions relating thereto; and (g) notice of acceptance hereof. Each Obligor acknowledges that the foregoing waivers are a material inducement to Agent, Security
Trustees, Issuing Banks and Lenders entering into this Agreement and that 

  
 -206- 

 they are relying upon the foregoing in their dealings with Obligors. Each Obligor has
reviewed the foregoing waivers with its legal counsel and has knowingly and voluntarily waived its jury trial and other rights following consultation with legal counsel. In the event of litigation, this Agreement may be filed as a written consent to
a trial by the court. Notwithstanding the above, each Mexican Domiciled Obligor further waives any right to any jurisdiction (other than as provided under Sections 14.14 and 14.15 above) to which they may be entitled under Applicable
Law, by reason of its present or future domicile, or otherwise, for the purposes of proceedings against or involving any of the Mexican Domiciled Obligors, and waives any objection to those courts on the ground of venue or forum non
conveniens. 
 14.17     Patriot Act Notice and “Know Your Client/Customer”
Checks. Agent and Lenders hereby notify Obligors that pursuant to the Patriot Act, the Proceeds of Crime Act, the Money Laundering Regulations 2007 (UK), Proceeds of Crime Act 2002 (UK), Terrorism Act 2000 (UK) and other applicable
anti-money laundering, anti-terrorist financing, economic or trade sanctions and “know your client” or “know your customer” policies, regulations, laws or rules (the Proceeds of Crime Act and such other applicable policies,
regulations, laws or rules, collectively, including any guidelines or orders thereunder, “AML Legislation”), Agent and Lenders are required to obtain, verify and record information that identifies each Obligor, including its legal
name, address, tax ID number and other information that will allow Agent and Lenders to identify it in accordance with the Patriot Act and the AML Legislation. Agent and Lenders will also require information regarding each personal guarantor, if
any, and may require information regarding Obligors’ management and owners, such as legal name, address, social security number and date of birth. Obligors shall, promptly upon request, provide all documentation and other information as Agent,
any Issuing Bank or any Lender may request from time to time in order to comply with any obligations under the Patriot Act and/or the AML Legislation. 

14.18     Canadian Anti-Money Laundering Legislation. If Agent has ascertained the
identity of any Canadian Facility Obligor or any authorized signatories of any Canadian Facility Obligor for the purposes of applicable AML Legislation, then Agent: 

(a)        shall be deemed to have done so as an agent for each
Canadian Lender, and this Agreement shall constitute a “written agreement” in such regard between each Canadian Lender and Agent within the meaning of the applicable AML Legislation; and 

(b)        shall provide to each Canadian Lender 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 of the Canadian Lenders agrees that Agent has no obligation to ascertain the identity of the Canadian Facility Obligors or any authorized signatories of the Canadian Facility
Obligors on behalf of any Canadian Lender, or to confirm the completeness or accuracy of any information it obtains from any Canadian Facility Obligor or any such authorized signatory in doing so. 

14.19     NO ORAL AGREEMENT. THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS REPRESENT THE
FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS BETWEEN THE PARTIES. THERE ARE NO UNWRITTEN AGREEMENTS BETWEEN THE PARTIES. 

14.20     Process Agent. Without prejudice to any other mode of service allowed under
any relevant law, each Foreign Domiciled Obligor (a) irrevocably appoints the Borrower Agent, as its agent for service of process in relation to any action or proceeding arising out of or relating to any Loan Documents, and (b) agrees that
failure by a process agent to notify such Obligor of any process will not 

  
 -207- 

 invalidate the proceedings concerned. For purposes of clarity, nothing in this Agreement or
any other Loan Document will affect the right of any party to this Agreement to serve process in any other manner permitted by law. Notwithstanding the above, each Mexican Domiciled Obligor shall appoint the Borrower Agent as its agent for service
of process in relation to any action or proceeding arising out of or relating to any Loan Document in the form of an instrument containing a special irrevocable power of attorney granted before a Mexican notary public, in the form attached hereto as
Exhibit E or otherwise in form and substance satisfactory to Agent. 

14.21     Acknowledgement and Consent to Bail-In of EEA
Financial Institutions. Notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any Lender that is an
EEA Financial Institution arising under any Loan Document, to the extent such liability is unsecured, may be subject to the write-down and conversion powers of an EEA Resolution Authority and agrees and consents to, and acknowledges and agrees to be
bound by: 
 (a)        the application of any Write-Down and
Conversion Powers by an EEA Resolution Authority to any such liabilities arising hereunder which may be payable to it by any Lender that is an EEA Financial Institution; and 

(b)        the effects of any
Bail-in Action on any such liability, including, if applicable: 
  

	 	(i)	 a reduction in full or in part or cancellation of any such liability; 
	 

  

	 	(ii)	 a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such
EEA Financial Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any
such liability under this Agreement or any other Loan Document; or 
	 

  

	 	(iii)	 the variation of the terms of such liability in connection with the exercise of the write-down and
conversion powers of any EEA Resolution Authority. 
	 

 [Remainder of page intentionally left blank; signatures begin on following page] 

  
 -208- 

 IN WITNESS WHEREOF, this Agreement has been
executed and delivered as of the date set forth above. 
  

					
		  	OBLIGORS:
		
		  	HORIZON GLOBAL CORPORATION,
		  	 a Delaware corporation, as a U.S. Borrower, a U.S. Facility Guarantor, a U.S. Facility Obligor, a Canadian
Facility Guarantor, a Canadian Facility Obligor, a UK Facility Guarantor, a UK Facility Obligor and the Borrower Agent

		
		  	By:                                   
                              
		  	Name:                                   
                         
		  	Title:                                   
                           
		  	Address:
		  	 39400 Woodward
Avenue,2600 West Big Beaver Rd.. Suite 100555

		  		  	Bloomfield Hills, MI 48304Troy, MI 48084
		  		  	Attn:
                                         
           
		  		  	Telecopy:
                                         
   
		
		  	CEQUENT PERFORMANCE PRODUCTS, INC.,
		  	 a Delaware corporation, as a U.S. Borrower, a U.S. Facility Guarantor, a U.S. Facility Obligor, a Canadian
Facility Guarantor, a Canadian Facility Obligor, a UK Facility Guarantor and a UK Facility Obligor1

		
		  	By:                                   
                              
		  	Name:                                   
                         
		  	Title:                                   
                           
		  	 Address:

		  	 39400 Woodward
Avenue,2600 West Big
Beaver Rd.. Suite 100555

		  		  	 Bloomfield Hills, MI
48304Troy, MI 48084

		  		  	Attn:
                                         
           
		  		  	Telecopy:
                                         
   

  
  

	1 	 Name changed to Horizon Global Americas Inc. 

					
		  	 CEQUENT CONSUMER PRODUCTS, INC.,

		  	 an Ohio corporation, as a U.S. Borrower, a U.S. Facility Guarantor, a U.S. Facility Obligor, a Canadian
Facility Guarantor, a Canadian Facility Obligor, a UK Facility Guarantor and a UK Facility Obligor2

		
		  	
By:                      
                                         
  

		  	
Name:                      
                                      

		  	
Title:                      
                                        

		  	 Address:

		  	 39400 Woodward
Avenue,2600 West Big Beaver
Rd.. Suite 100555

		  		  	 Bloomfield Hills, MI
48304Troy, MI 48084

		  		  	 Attn:
                                         
           

		  		  	 Telecopy:
                                         
   

		
		  	 CEQUENT UK LIMITED, a company incorporated in England and Wales with company number 08081641, as UK
Borrower, a UK Facility Obligor, a Canadian Facility Guarantor and a Canadian Facility Obligor

		
		  	
By:                      
                                         
  

		  	
Name:                      
                                      

		  	
Title:                      
                                        

		  	 Address:

		  		  	
                       
                                     

		  		  	
                       
                                     

		  		  	 Attn:
                                         
          

		  		  	 Telecopy:
                                         
  

		
		  	 CEQUENT TOWING PRODUCTS OF CANADA

		  	 LTD., a company formed under the laws of the Province of Ontario, as Canadian Borrower, a Canadian
Facility Obligor, a UK Facility Guarantor and a UK Facility Obligor

		
		  	
By:                      
                                         
  

		  	
Name:                      
                                      

		  	
Title:                      
                                        

		  	 Address:

		  		  	
                       
                                     

		  		  	
                       
                                     

		  		  	 Attn:
                                         
          

  

	2 	 Merged into Cequent Performance Products, Inc. 

			
		 	 Telecopy:
                                    

		
		 	HORIZON GLOBAL COMPANY LLC,
		 	 a Delaware limited liability company, as a U.S. Facility Guarantor, a U.S. Facility Obligor, a Canadian Facility
Guarantor, a Canadian Facility Obligor, a UK Facility Guarantor and a UK Facility Obligor

		
		 	By:                                     
                       
		 	Name:                                     
                  
		 	Title:                                     
                    
		 	Address:
		 	 39400 Woodward Avenue,2600 West Big Beaver Rd.. Suite
100555

		 	 Bloomfield Hills, MI
48304Troy, MI 48084

		 	 Attn:
                                         
   

		 	 Telecopy:
                                    

		
		 	 HORIZON INTERNATIONAL HOLDINGS LLC, a Delaware limited liability company, as a Canadian Facility
Guarantor, a Canadian Facility Obligor, a UK Facility Guarantor and a UK Facility Obligor

		
		 	By:                                     
                       
		 	Name:                                     
                  
		 	Title:                                     
                    
		 	Address:
		 	
                   
                                  

		 	
                   
                                  

		 	 Attn:
                                         
   

		 	 Telecopy:
                                    

		
		 	CEQUENT NEDERLAND HOLDINGS B.V.,
		 	 a company formed under the laws of the Netherlands, as a Canadian Facility Guarantor, a Canadian Facility Obligor, a UK
Facility Guarantor and a UK Facility Obligor

		
		 	By:                                     
                       
		 	Name:                                     
                  
		 	Title:                                     
                    
		 	Address:
		 	 3062 Rotterdam

							
		 		  		  	 Max Euwelaan 35

the Netherlands

		 		  		  	 Attn:
                                         
           

		 		  		  	 Telecopy:
                                         
   

			
		 		  	 CEQUENT MEXICO HOLDINGS B.V.,

a company formed under the laws of the Netherlands, as a Canadian Facility Guarantor, a Canadian Facility Obligor, a UK Facility Guarantor and
a UK Facility Obligor

			
		 		  	
By:                      
                                         
  

		 		  	
Name:                      
                                      

		 		  	
Title:                      
                                        

		 		  	 Address:

		 		  		  	 3062 Rotterdam

		 		  		  	 Max Euwelaan 35

the Netherlands

		 		  		  	 Attn:
                                         
           

		 		  		  	 Telecopy:
                                         
   

			
		 		  	 CEQUENT SALES COMPANY DE MEXICO, S. DE

		 		  	 R.L. de C.V.,

		 		  	 a limited liability company formed under the laws of Mexico, as a Canadian Facility Guarantor, a Canadian
Facility Obligor, a UK Facility Guarantor and a UK Facility Obligor

			
		 		  	
By:                      
                                         
  

		 		  	
Name:                      
                                      

		 		  	
Title:                      
                                        

		 		  	 Address:

		 		  		  	
                       
                                      

		 		  		  	
                       
                                      

		 		  		  	 Attn:
                                         
           

		 		  		  	 Telecopy:
                                         
   

			
		 		  	 CEQUENT TRAILER PRODUCTS, S. DE R.L. de

		 	 C.V.,

		 		  	 a limited liability company formed under the laws of Mexico, as a Canadian Facility Guarantor, a Canadian
Facility Obligor, a UK Facility Guarantor and a UK Facility Obligor3

  

	3 	 Merged into Cequent Electrical Products de Mexico, S. DE R.L. de C.V. 

							
		  	
By:                      
                                         
   
	  	
		  	
Name:                      
                                       
	  	
		  	
Title:                      
                                         

	  	
		  	 Address:
	  	
		  		  	
                       
                                   
	  	
		  	           
	  	
                       
                                   
	  	
		  		  	
Attn:                      
                            
	  	
		  		  	
Telecopy:                     
                     
	  	

							
		 	 CEQUENT ELECTRICAL PRODUCTS DE MEXICO, S. DE R.L. de C.V.,

		 	             
	 	 a limited liability company formed under the laws of Mexico, as a Canadian Facility Guarantor, a Canadian
Facility Obligor, a UK Facility Guarantor and a UK Facility Obligor

			
		 		 	
By:                      
                                         
      

		 		 	
Name:                      
                                         
 

		 		 	
Title:                      
                                         
   

		 		 	 Address:

		 		 		  	
                       
                                      

		 		 		  	
                       
                                      

		 		 		  	 Attn:
                                         
           

		 		 		  	 Telecopy:
                                         
   

					
	AGENT AND LENDERS:	  	
	
	 BANK OF AMERICA, N.A.,
 as
Agent, a U.S. Lender, a UK Lender and UK Swingline Lender

		
	By:                                   
                                  	  	
	Name:                                   
                             	  	
	Title:                                   
                               	  	
	Address:	 		  	
	              Bank of America, N.A.

             Business Capital
	  	
	              2600 West Big Beaver Road

             Troy, Michigan 48084

             Attn: Steve Siravo

             Telecopy:
248-631-0515
	  	
	
	BANK OF AMERICA, N.A. (acting through its Canada branch), as a Canadian Lender and Canadian Swingline Lender
		
	By:                                   
                                  	  	
	Name:                                   
                             	  	
	Title:                                   
                               	  	
	Address:	 		  	
	                                    
                                       	  	
	                                    
                                       	  	
	             Attn:
                                         
            	  	
	             Telecopy:
                                         
    	  	
	
	BANK OF AMERICA, N.A. (acting through its London branch), as UK Security Trustee
		
	By:                                   
                                  	  	
	Name:                                   
                             	  	
	Title:                                   
                               	  	
	Address:	 		  	
		
	                                    
                                       	  	
	                                    
                                       	  	
		
	             Attn:
                                         
            	  	
	             Telecopy:
                                         
    	  	

 
					
	WELLS FARGO BANK, NATIONAL
	ASSOCIATION, as a U.S. Lender	  	
		
	By:                                   
                              	  	
	Name:                                   
                         	  	
	Title:                                   
                           	  	
	Address:	  	
	                                    
                                   	  	
	                                    
                                   	  	
	                                    
                                   	  	
	             Attn:
                                         
        	  	
	             Telecopy:
                                         
	  	
		
	WELLS FARGO CAPITAL FINANCE	  	
	CORPORATION CANADA, as a Canadian Lender	  	
		
	By:                                   
                              	  	
	Name:                                   
                         	  	
	Title:                                   
                           	  	
	Address:	  	
	                                    
                                   	  	
	                                    
                                   	  	
	                                    
                                   	  	
	             Attn:
                                         
        	  	
	             Telecopy:
                                         
	  	
		
	WELLS FARGO BANK, NATIONAL	  	
	ASSOCIATION, (London branch), as a UK Lender	  	
		
	By:                                   
                              	  	
	Name:                                   
                         	  	
	Title:                                   
                           	  	
	Address:	  	
	                                    
                                   	  	
	                                    
                                   	  	
	                                    
                                   	  	
	             Attn:
                                         
        	  	
	             Telecopy:
                                         
	  	

					
	BANK OF MONTREAL, as a U.S. Lender, a Canadian
	Lender and a UK Lender	  	
		
	By:                                   
                                  	  	
	Name:                                   
                             	  	
	Title:                                   
                               	  	
	Address:	  	
		
	                                    
                                       	  	
	                                    
                                       	  	
	                                    
                                       	  	
	             Attn:
                                         
            	  	
	             Telecopy:
                                         
    	  	

 EXHIBIT A 

to 
 AMENDED AND RESTATED LOAN
AGREEMENT 
 ASSIGNMENT AND ACCEPTANCE 

Reference is made to the Amended and Restated Loan Agreement dated as of December 22, 2015, as amended (“Loan
Agreement”), by and among HORIZON GLOBAL CORPORATION, a Delaware corporation (“Parent Borrower”), CEQUENT PERFORMANCE PRODUCTS, INC., a Delaware corporation (“Cequent Performance”), CEQUENT
CONSUMER PRODUCTS, INC., an Ohio corporation (“Cequent Consumer”), CEQUENT UK LIMITED, a company incorporated in England and Wales with company number 08081641 (“Cequent UK”), CEQUENT TOWING PRODUCTS
OF CANADA LTD., a company formed under the laws of the Province of Ontario (“Cequent Canada”, and together with Parent Borrower, Cequent Performance, Cequent Consumer, and Cequent UK, collectively, “Borrowers”),
the other Persons from time to time party thereto as Obligors (as defined therein), the financial institutions party thereto from time to time as Lenders, and BANK OF AMERICA, N.A., a national banking association, in its capacity as agent and
security trustee for itself and the other Secured Parties (as defined therein) (“Agent”). Terms are used herein as defined in the Loan Agreement. 

                         
                                         
                                         
 (“Assignor”) and                                
                                         
       

                          
              (“Assignee”) agree as follows: 

1.        Assignor hereby assigns to Assignee and Assignee hereby purchases and
assumes from Assignor (a) a principal amount of $         of Assignor’s outstanding [Canadian/UK/US] Revolver Loans and $         of
Assignor’s participations in [Canadian/UK/US] LC Obligations, and (b) the amount of $        of Assignor’s [Canadian/UK/US] Revolver Commitment (which represents
    % of the total [Canadian/UK/US] Revolver Commitments) (the foregoing items being, collectively, “Assigned Interest”), together with an interest in the Loan 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 Agent, provided such Assignment Notice is executed by Assignor, Assignee,
Agent and Borrower Agent, 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 [Canadian/UK/US] Revolver Commitment is $        , and the outstanding balance of its [Canadian/UK/US] Revolver Loans and participations in
[Canadian/UK/US] LC Obligations 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 Loan Agreement or the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan 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 Loan Documents. [Assignor is attaching the promissory note[s] held by it and requests that Agent exchange such note[s] for new promissory notes payable to Assignee [and
Assignor].] 

 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 Loan Agreement and such other Loan 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 Loan Documents; (d) confirms that it is an Eligible Assignee; (e) appoints and authorizes Agent to take such action as agent on its behalf and to exercise such powers under
the Loan Agreement as are delegated to Agent 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 Loan Documents; (g) represents and warrants that the assignment evidenced hereby will not result in a non-exempt “prohibited transaction” under Section 406 of ERISA; and
(h) represents and warrants that it is [[not a Qualifying Lender]/[a Qualifying Lender (other than a Treaty Lender)]/[a Treaty Lender]]. 

4.        This Agreement shall be governed by 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. 

5.        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 [Canadian
Dollars/Dollars/Euros/Sterling] 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:                 
                                       
	  	

 IN WITNESS WHEREOF, this Assignment and Acceptance
is executed as of                                 .

  

			
	  
	 	
	 (“Assignee”)
	 	
		
	 By Title:
	 	
		
	
                  
   
	 	
	 (“Assignor”)
	 	
		
	 By Title:
	 	

 EXHIBIT B 

to 
 AMENDED AND RESTATED LOAN
AGREEMENT 
 ASSIGNMENT NOTICE 

Reference is made to (1) the Amended and Restated Loan Agreement dated as of December 22, 2015, as amended
(“Loan Agreement”), by and among HORIZON GLOBAL CORPORATION, a Delaware corporation (“Parent Borrower”), CEQUENT PERFORMANCE PRODUCTS, INC., a Delaware corporation (“Cequent
Performance”), CEQUENT CONSUMER PRODUCTS, INC., an Ohio corporation (“Cequent Consumer”), CEQUENT UK LIMITED, a company incorporated in England and Wales with company number 08081641 (“Cequent
UK”), CEQUENT TOWING PRODUCTS OF CANADA LTD., a company formed under the laws of the Province of Ontario (“Cequent Canada”, and together with Parent Borrower, Cequent Performance, Cequent Consumer, and Cequent UK,
collectively, “Borrowers”), the other Persons from time to time party thereto as Obligors (as defined therein), the financial institutions party thereto from time to time as Lenders, and BANK OF AMERICA, N.A., a national
banking association, in its capacity as agent and security trustee for itself and the other Secured Parties (as defined therein) (“Agent”); and (2) the Assignment and Acceptance dated as of
            , 20     (“Assignment”), between
                     (“Assignor”) and
                     (“Assignee”). Terms are used herein as defined in the Loan Agreement. 

Assignor hereby notifies Borrower Agent and Agent of Assignor’s intent to assign to Assignee pursuant to the Assignment
(a) a principal amount of $         of Assignor’s outstanding [Canadian/UK/US] Revolver Loans and $         of Assignor’s participations
in [Canadian/UK/US] LC Obligations, and (b) the amount of $         of Assignor’s [Canadian/UK/US] Revolver Commitment (which represents % of the total [Canadian/UK/US]
Revolver Commitments) (the foregoing items being, collectively, the “Assigned Interest”), together with an interest in the Loan 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, Agent and Borrower Agent, if applicable. Pursuant to the Assignment, Assignee has expressly assumed all of Assignor’s
obligations under the Loan Agreement to the extent of the Assigned Interest, as of the Effective Date. 
 For purposes of
the Loan Agreement, Agent shall deem Assignor’s [Canadian/UK/US] Revolver Commitment to be reduced by $        , and Assignee’s [Canadian/UK/US] Revolver Commitment to be
increased by $        . 
 [The Assignee indicates for the benefit of
Agent and without liability to any Relevant Borrower that it is [not a Qualifying Lender][a Qualifying Lender (other than a Treaty Lender)][a Treaty Lender].]4 

The address of Assignee to which notices and information are to be sent under the terms of the Loan Agreement is: 

 

					
		 	
                       
                                 
	 	
		 	
                       
                                 
	 	
		 	
                       
                                 
	 	
		 	
                       
                                 
	 	

 4 To be inserted where the Assignee is participating in a UK
Revolver Commitment. 

 The address of Assignee to which payments are to be sent under the terms of
the Loan Agreement is shown in the Assignment. 
 This Notice is being delivered to Borrower Agent and Agent pursuant to
Section 13.3 of the Loan 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:

	
	 BORROWER AGENT:*

	
	 HORIZON GLOBAL CORPORATION,

a Delaware corporation

		
	
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 Agent

	
	 By. Title:

 EXHIBIT C-1 

to 
 AMENDED AND RESTATED LOAN
AGREEMENT 
 FORM OF IN-TRANSIT INVENTORY LIEN WAIVER 

See attached. 

 EXHIBIT C-2 

to 
 AMENDED AND RESTATED LOAN
AGREEMENT 
 FORM OF VENDOR LIEN WAIVER 

See attached. 

 EXHIBIT D 

to 
 AMENDED AND RESTATED LOAN
AGREEMENT 
 FORM OF PERFECTION CERTIFICATE 

See attached. 

 EXHIBIT E 

to 
 AMENDED AND RESTATED LOAN
AGREEMENT 
 FORM OF SPECIAL IRREVOCABLE POWER OF ATTORNEY 

[English version for reference purposes only] 

To be executed and delivered in Spanish language, by each Mexican Domiciled Obligor/Grantor in 

the presence of and formalized by a Mexican notary public. 

[Each Mexican Domiciled Obligor/Grantor] (the “Grantor”), hereby grants a special irrevocable power of attorney for
litigation and collections in favor of HORIZON GLOBAL CORPORATION, a Delaware corporation (the “Process Agent”), in terms of the first paragraph of article 2554 of the Federal Civil Code and corresponding articles of the
Civil Codes of all States of the United Mexican States and of the Federal District of Mexico. This power of attorney is limited in its scope but is as broad as necessary and may be exercised in any jurisdiction, limited pursuant to paragraph fourth
of such article 2554 of the Federal Civil Code and corresponding articles of the Civil Codes of all States of the United Mexican States and of the Federal District of Mexico, so that the Process Agent, in the name and on behalf of the Grantor,
carries out any of the following actions: receive any and all notices and service of process in connection with any suits, actions, proceedings and judgments of all kinds, including, without limitation, judicial, administrative or arbitration
proceedings in any way relating to (i) the Amended and Restated Loan Agreement, dated December 22, 2015, as amended, amended and restated, supplemented or otherwise modified from time to time (the “Loan Agreement”), signed
by, among others, the Grantor and Bank of America, N.A. (the “Agent”); and (ii) any other agreement, instrument or document related to the Loan Agreement. The Grantor hereby appoints as its conventional domicile exclusively to
receive any of the notices and service of process referred above, 39400 Woodward Avenue, Suite 100, Bloomfield Hills, Michigan 48304, United States of America, or any other domicile notified in writing by the Process Agent to the Grantor and Agent.
This power of attorney is granted in satisfaction of a condition set forth in the Loan Agreement, and it is therefore irrevocable. 

 [Spanish Translation] 

[Cada sociedad mexicana parte del crédito] (la “Sociedad”) otorga en este acto un Poder Especial irrevocable
para Pleitos y Cobranzas en favor de HORIZON GLOBAL CORPORATION, una sociedad existente de conformidad con las leyes de Delaware, Estados Unidos de Norteamérica (el “Agente de Proceso”), de conformidad con el primer
párrafo del artículo dos mil quinientos cincuenta y cuatro del Código Civil Federal y los artículos correspondientes de los Códigos Civiles de todos los estados de los Estados Unidos Mexicanos y el Distrito
Federal. Este Poder Especial es limitado en cuanto a su objeto pero tan amplio como sea necesario en Derecho, y podrá ser ejercido en cualquier jurisdicción, limitado conforme al cuarto párrafo del mencionado artículo
2554 del Código Civil Federal y los artículos correspondientes de los Códigos Civiles de todos los estados de los Estados Unidos Mexicanos y el Distrito Federal, a efecto de que el Agente de Proceso, en nombre y
representación de la Sociedad, realice cualesquiera de los siguientes actos: reciba cualesquiera notificaciones, emplazamientos y cualquier otro tipo de comunicaciones y documentos relacionados con demandas, acciones, procedimientos y
sentencias de todo tipo, incluyendo enunciativa más no limitativamente, derivadas de procedimientos judiciales, administrativos o arbitrales que de cualquier manera se relacionen con (i) el Contrato de Crédito (Amended and
Restated Loan Agreement), según el mismo sea modificado, adicionado o reexpresado ocasionalmente (el “Contrato de Crédito”), celebrado con fecha 22 de diciembre de 2015 entre la Sociedad y Bank of America, N.A. (el
“Agente”), entre otros; y (ii) cualquier otro contrato, instrumento o documento relacionado con el Contrato de Crédito. La Sociedad designa en este acto como su domicilio convencional exclusivamente para recibir
cualesquiera de las notificaciones, emplazamientos, comunicaciones y documentos mencionados con anterioridad, 39400 Avenida Woodward, Suite 100, Bloomfield Hills, Michigan 48304, Estados Unidos de Norteamérica, o cualquier otro domicilio que
notifique por escrito el Agente de Proceso a la Sociedad y al Agente. Este Poder Especial se otorga en cumplimiento de una condición prevista en el Contrato de Crédito, y es por lo tanto irrevocable. 

 EXHIBIT F 

to 
 AMENDED AND RESTATED LOAN
AGREEMENT 
 FORM OF NOTICE OF BORROWING 

See attached. 

 SCHEDULE 1.1(A) 

to 
 AMENDED AND RESTATED LOAN
AGREEMENT 
 EXISTING LETTERS OF CREDIT 
  

																											
	Instrument #	  	Product	  	Stucky	  	Company	  	Beneficiary	  	Outstanding Amount	 	 	Liability(In USD)	 	 	Issue Date	 	  	 Expiry

Date
	  	Alt Instr #	 
	 									 
	 

 68114201
	  	Standby Letter
of Credit	  	 130HGC
	  	 HORIZON GLOBAL
CORPORATION
	  	NATIONAL UNION
FIRE INSURANCE
CO.	  	 	USD 300,000.00	 	 	 	300,000.00	 	 	 	2015/08/03	 	  	 2016/06/30
	  			 
	 

 68113152
	  	Standby Letter
of Credit	  	 130HGC
	  	 HORIZON GLOBAL
CORPORATION
	  	THE HANOVER
INSURANCE
COMPANY	  	 	USD 500,000.00	 	 	 	500,000.00	 	 	 	2015/06/30	 	  	 2016/06/30
	  			 
	 

 68120743
	  	Standby Letter
of Credit	  	 130HGC
	  	 HORIZON GLOBAL
CORPORATION
	  	CI BANCO
SOCIEDAD
ANONIMA	  	 	USD 763,980.00	 	 	 	763,980.00	 	 	 	2015/10/07	 	  	 2016/08/20
	  			 
	 									 
	 

68113141
	  	Standby Letter
of Credit	  	 130HGC
	  	 HORIZON GLOBAL
CORPORATION
	  	JPMORGAN CHASE
BANK N.A.	  	 	USD 4,486,480.31	 	 	 	4,486,480.31	 	 	 	2015/06/30	 	  	 2016/06/30
	  			 
	 									 
	 

 68114766
	  	Standby
Letter of
Credit	  	 130HGC
	  	 HORIZON GLOBAL
CORPORATION
	  	CIBANCO SOCIEDAD
ANONIMA	  	 	USD 367,459.56	 	 	 	367,459.56	 	 	 	2015/08/27	 	  	 2016/08/27
	  	 	 	 

 SCHEDULE 1.1(B) 

to 
 AMENDED AND RESTATED LOAN
AGREEMENT 
 COMMITMENTS OF LENDERS 
  

			
	 	 
	Canadian Lender	  	  

Canadian Revolver

Commitment

	 Bank of America, N.A.

(acting through its
 Canada branch)
	  	
$823,529.40

(41.176470588%)

	 Wells Fargo Capital

Finance Corporation
 Canada
	  	
$588,235.29

(29.411764706%)

	Bank of Montreal	  	
$588,235.29

(29.411764706%)

	Total:	  	$2,000,000

  

			
	 	 
	UK Lender	  	  

UK Revolver

Commitment

	 Bank of America, N.A.

(acting through its
 London branch)
	  	
$1,235,294.12

(41.176470588%)

	 Wells Fargo Bank,

National Association
 (London branch)
	  	
$882,352.94

(29.411764706%)

	Bank of Montreal	  	
$882,352.94

(29.411764706%)

	Total:	  	$3,000,000

  

			
	 	 
	  

U.S. Lender
	  	U.S. Revolver Commitment
	Bank of America, N.A.	  	
$38,705,882.3635,000,000.00

 (41.176470588%)

	 Wells Fargo Bank,

National Association
	  	
$27,647,058.8225,000,000.00

 (29.411764706%)

	Bank of Montreal	  	$27,647,058.8225,000,000.00
 (29.411764706%)
	Total:	  	$94,000,00085,000,000

 SCHEDULE 9.1.3 

to 
 AMENDED AND RESTATED LOAN
AGREEMENT 
 GOVERNMENTAL LICENSES 

 SCHEDULE 9.1.5 

to 
 AMENDED AND RESTATED LOAN
AGREEMENT 
 REAL PROPERTY 

 SCHEDULE 9.1.6 

to 
 AMENDED AND RESTATED LOAN
AGREEMENT 
 DISCLOSED MATTERS 
  

	1.	 Proceedings and investigations pending against Borrowers or Subsidiaries: 

 

	2.	 Threatened proceedings or investigations of which any Borrower or Subsidiary is aware: 

 

	3.	 Environmental matters of which any Borrower or Subsidiary is aware: 

 

	4.	 Pending Commercial Tort Claim(s) of any Obligor: 

 SCHEDULE 9.1.12 

to 
 AMENDED AND RESTATED LOAN
AGREEMENT 
 SUBSIDIARIES 
  

	1.	 The corporate names, jurisdictions of incorporation, and authorized and issued Equity Interests of each
Borrower and Subsidiary are as follows: 

  

							
	
Name
	  	Jurisdiction	  	
Number and Class of Authorized Equity

Interests
	  	
Number and Class

of Issued Equity Interests

	 	  	 	  	 	  	 
	 	  	 	  	 	  	 
	 	  	 	  	 	  	 

  

	2.	 The record holders of Equity Interests of each Borrower and Subsidiary are as follows: 

 

							
	
Name
	  	
Class of Equity

Interests
	  	
Number of Equity

Interests
	  	Record Owner
	 	  	 	  	 	  	 
	 	  	 	  	 	  	 
	 	  	 	  	 	  	 
	 	  	 	  	 	  	 

  

	3.	 All agreements binding on holders of Equity Interests of Borrowers and Subsidiaries with respect to such
interests are as follows: 

  

	4.	 In the five years preceding the Closing Date, no Borrower or Subsidiary has acquired any substantial assets
from any other Person nor been the surviving entity in a merger or combination, except: 

  

	5.	 The following Subsidiaries are Obligors: 

 SCHEDULE 9.1.13 

to 
 AMENDED AND RESTATED LOAN
AGREEMENT 
 INSURANCE 

 SCHEDULE 9.1.23 

to 
 AMENDED AND RESTATED LOAN
AGREEMENT 
 MATERIAL CONTRACTS 

 SCHEDULE 10.2.1 

to 
 AMENDED AND RESTATED LOAN
AGREEMENT 
 EXISTING DEBT 

 SCHEDULE 10.2.2 

to 
 AMENDED AND RESTATED LOAN
AGREEMENT 
 EXISTING LIENS 

 SCHEDULE 10.2.4 

to 
 AMENDED AND RESTATED LOAN
AGREEMENT 
 EXISTING INVESTMENTS 

 SCHEDULE 10.2.5 

to 
 AMENDED AND RESTATED LOAN
AGREEMENT 
 PERMITTED ASSET DISPOSITIONS 

 SCHEDULE 10.2.9 

to 
 AMENDED AND RESTATED LOAN
AGREEMENT 
 EXISTING AFFILIATE TRANSACTIONS 

 SCHEDULE 10.2.10 

to 
 AMENDED AND RESTATED LOAN
AGREEMENT 
 EXISTING RESTRICTIVE AGREEMENTS 

 EXHIBIT A-2 

Amendment and Restatement of Certain Schedules to the Loan Agreement 

{see attached} 

 SCHEDULE 10.2.1 

EXISTING INDEBTEDNESS AS OF THE SEVENTH AMENDMENT EFFECTIVE DATE 

 

									
	  

Company
	  	  

Bank
	  	  

Facility
 Details

 
	  	Outstanding
Amount as of
2/24/2019	  	Secured/
Unsecured
	
Westfalia-Automotive

GmbH
	  	N/A	  	Capital Lease with Portikus	  	$10,075,538	  	Secured
	
Cequent Industria E

Comerico Ltda., Westfalia-Automotive GmBH, Terwa Romania Srl Unit 1, Teljs Automotive Srl Unit 2,
Horizon Americas, Inc.
	  	N/A	  	Capital Leases	  	$2,683,977	  	Secured
	
Horizon Global

Corporation Pty Ltd.
	  	 National Australia

Bank Ltd., Australia
	  	Multi Facility Agreement	  	$15,276,725	  	Secured
	
Terwa Romania Srl Unit 1
	  	ING	  	Overdraft Credit Facility	  	$2,023,801	  	Secured
	
Terwa Romania Srl Unit 1
	  	N/A	  	Other	  	$912,997	  	Secured

 Note: the above schedule is subject to year-end audit adjustments 

Intercompany Debt as listed below: 
  

					
	Borrower	  	Lender	  	Amount
	 Cequent Electrical Products

de Mexico S. de R.L. de C.V.
	  	
Cequent Sales Company de
 Mexico, S. de R.L. de
C.V.
	  	$1,481.19
	 Horizon Global (South

Africa) (PPY) LTD.
	  	
Cequent Nederland Holdings
 B.V.
	  	$212,463.40

					
	C.P. Witter Limited	  	Cequent Nederland Holdings B.V.	  	$2,428,116.42
	Trimotive Germany GmbH	  	Cequent Nederland Holdings B.V.	  	$974,950.00
	Kovil Oy	  	Cequent Nederland Holdings B.V.	  	$297,187.70
	 HG Germany Holdings

GmbH
	  	Cequent Nederland Holdings B.V.	  	$126,170,000.00
	AH Forgings Proprietary Limited	  	Cequent Nederland Holdings B.V.	  	$54,320.77
	Westfalia – Automotive GmbH	  	Cequent Nederland Holdings B.V.	  	$1,720,498.85
	Westfalia – Automotive SAS	  	Cequent Nederland Holdings B.V.	  	$277,011.97
	Westfalia – Automotive Denmark ApS	  	Cequent Nederland Holdings B.V.	  	$1,270,557.13
	Westfalia – Automotive Polska Sp. Zo.o	  	Cequent Nederland Holdings B.V.	  	$556,910.94
	Westfalia – Automotive Italia S.r.l	  	Cequent Nederland Holdings B.V.	  	$300,166.46
	Teljs Automotive Srl Unit 2	  	Cequent Nederland Holdings B.V.	  	$1,553,635.59
	Horizon Global Holdings Australia Pty. Ltd.	  	Horizon International Holdings LLC	  	$44,789,896.27
	Horizon Global Corporation	  	Horizon International Holdings LLC	  	$12,502,710.00
	C.P. Witter Limited	  	Cequent UK Limited	  	$637,950.00
	HG Germany Holdings GmbH	  	Horizon Global Corporation	  	$45,993,583.97
	Cequent Nederland Holdings B.V.	  	 Horizon Global Company

LLC
	  	$117,280,750.00
	Westfalia – Automotive GmbH	  	 Horizon Global Company

LLC
	  	$1,147,000,00

 SCHEDULE 10.2.2 

EXISTING LIENS AS OF THE SEVENTH AMENDMENT EFFECTIVE DATE 

Liens existing on the Closing Date in respect of: 

1.        Indebtedness set forth on Schedule 10.2.1 encumbering the assets described on Schedule
10.2.1, to the extent that such Indebtedness is described as secured Indebtedness on such Schedule 10.2.1. 

2.        Lien evidenced by Initial Filing Number OH00161477063, filed on September 25, 2012, by
Raymond Leasing Corporation against Cequent Consumer Products, Inc. (n/k/a Horizon Global Americas Inc.), covering collateral constituting equipment specified in Equipment Master Lease No. 305351. 

3.        Lien evidenced by Initial Filing Number 2009 0236023, filed on January 23, 2009, by Air
Liquide Industrial U.S. LP against Cequent Performance Products, Inc. (n/k/a Horizon Global Americas Inc.), covering collateral constituting specific equipment, including a 13 ton CO2 tank, two gas vessels, and a vaporizer, located in Goshen, IN.

 4.        Lien evidenced by Initial Filing Number 2012 0866626, filed on March 6, 2012, by
Wells Fargo Bank, N.A. against Cequent Performance Products, Inc. (n/k/a Horizon Global Americas Inc.), covering collateral constituting equipment specified in Master Lease Agreement No. 9679080. 

5.        Lien evidenced by Initial Filing Number 2013 2487248, filed on June 27, 2013, by Wells
Fargo Financial Leasing, Inc. against Cequent Performance Products, Inc. (n/k/a Horizon Global Americas Inc.) covering certain collateral constituting five Xerox Workcentre 5855 copiers. 

6.        Lien evidenced by Initial Filing Number 2013 3798981, filed on September 19, 2013, by
LCA Bank Corporation against Cequent Performance Products, Inc. (n/k/a Horizon Global Americas Inc.), covering collateral constituting equipment specified in the Lease Agreement #122662-003. 

7.        Lien evidenced by Initial Filing Number 2013 4703188, filed on November 29, 2013, by
Well Fargo Financial Leasing, Inc. against Cequent Performance Products, Inc. (n/k/a Horizon Global Americas Inc.), covering certain collateral constituting two Xerox Workcentre 5855 copiers. 

8.        Lien evidenced by Initial Filing Number 2015 5309983, filed on November 12, 2015, by LCA
Bank Corporation against Cequent Performance Products, Inc. (n/k/a Horizon Global Americas Inc.), covering certain collateral constituting equipment specified in Lease Agreement No.122662-005. 

9.        Lien evidenced by Initial Filing Number 2016 7591637, filed on December 7, 2016, by Well
Fargo Bank, N.A. against Cequent Performance Products, Inc. (n/k/a Horizon Global Americas Inc.), covering certain collateral constituting specific equipment. 

10.      Lien evidenced by Initial Filing Number 2017 0850658, filed on February 7, 2017, by LCA Bank
Corporation against Cequent Performance Products, Inc. (n/k/a Horizon Global Americas Inc.), covering certain collateral constituting equipment specified in Lease Agreement No.122662-06. 

 11.      Lien evidenced by Initial Filing Number 2016 1548856,
filed on March 15, 2016, by Well Fargo Financial Leasing, Inc. against Horizon Global Corporation, covering certain collateral constituting a Copystar CS 3051ci Copier. 

12.      Lien evidenced by Initial Filing Number 2016 1812344, filed on March 28, 2016, by Leaf Capital
Funding, LLC and/or its assigns against Horizon Global Corporation and Horizon Global Company LLC, as amended covering certain collateral constituting certain Herman Miller Furniture. 

13.      Lien evidenced by Initial Filing Number 2016 3880422, filed on June 28, 2016, by Well Fargo
Financial Leasing, Inc. against Horizon Global Company LLC, covering certain collateral constituting a Copystar CS 4551ci Copier. 

14.      Lien evidenced by Initial Filing Number 2017 3151500, filed on May 12, 2017, by Mitsubishi UFJ
Lease & Finance (U.S.A.) Inc., against Horizon Global Company LLC and Horizon Global Americas Inc, covering certain collateral constituting equipment specified in Master Lease Agreement No. 105854. 

15.      Lien evidenced by Initial Filing Number 2017 3151542, filed on May 12, 2017, by Corporation Service
Company, as representative, against Horizon Global Company LLC, covering certain collateral constituting equipment specified in Master Lease Agreement No. 105854. 

16.      Lien evidenced by Initial Filing Number 2017 5703415, filed on August 28, 2017, by Summit Funding
Group, Inc. against Horizon Global Company LLC, covering certain collateral constituting certain equipment, goods, assets, and other tangible and intangible property specified in Master Lease Agreement No. 2677. 

17.      Lien evidenced by Initial Filing Number 2017 5906034, filed on September 6, 2017, by C T
Corporation System, as representative, against Horizon Global Company LLC and Horizon Global Americas Inc., covering certain collateral constituting equipment, software, and personal property specified in Schedule 1 to Master Lease 300716. 

18.      Lien evidenced by Initial Filing Number 2017 8278089, filed on December 14, 2017, by C T
Corporation System, as representative, against Horizon Global Company LLC and Horizon Global Americas Inc., covering certain collateral constituting equipment, software, and personal property specified in Schedule 2 to Master Lease 300716. 

19.      Lien evidenced by Initial Filing Number 2018 2274419, filed on April 3, 2018, by C T Corporation
System, as representative, against Horizon Global Company LLC and Horizon Global Americas Inc., covering certain collateral constituting equipment, software, and personal property specified in Schedule 3 to Master Lease 300716. 

20.      Lien evidenced by Initial Filing Number 2018 3737521, filed on June 1, 2018, by C T Corporation
System, as representative, against Horizon Global Company LLC and Horizon Global Americas Inc., covering certain collateral constituting equipment, software, and personal property specified in Schedule 4 to Master Lease 300716. 

21.      Lien evidenced by Initial Filing Number 20172702832, filed on April 25, 2017, by MB Financial Bank,
N.A. against Horizon Global Americas Inc., covering specific leased equipment. 
 22.      Lien evidenced by
Initial Filing Number 20174044068, filed on June 20, 2017, by Wells Fargo Bank, N.A. against Horizon Global Americas Inc., covering specific equipment. 

 23.      Lien evidenced by Initial Filing Number 20174301955,
filed on June 29, 2017, by the Bank of Tokyo-Mitsubishi UFJ, Ltd. against Horizon Global Americas Inc., covering certain collateral pursuant to Online Supplier Agreement, dated on or about March 20, 2017. 

24.      Lien evidenced by Initial Filing Number 20175797631, filed on August 30, 2017, by Summit Funding
Group, Inc. against Horizon Global Americas Inc., covering certain collateral identified in the Master Lease Agreement dated August 17, 2017. 

25.      Lien evidenced by Initial Filing Number 20176070772, filed on September 13, 2017, by Bank of
America, N.A. against Horizon Global Americas Inc. covering certain accounts receivables pursuant to Accounts Receivable Purchase Agreement. 

26.      Lien evidenced by Initial Filing Number 20186000588, filed on August 30, 2018, by Crown Equipment
Corporation against Horizon Global Americas Inc., covering certain equipment. 
 27.      Lien evidenced by
Initial Filing Number 20189047487, filed on December 28, 2018, by Shi International Corp. against Horizon Global Americas Inc., covering certain equipment. 

28.      Lien evidenced by Initial Filing Number 20190309851, filed on January 14, 2019, by Raymond Leasing
Corporation against Horizon Global Americas Inc., covering certain equipment. 

			
	 	 	  

EXECUTION    

VERSION        

 

SCHEDULE 10.2.4 

EXISTING INVESTMENTS AS OF THE SEVENTH AMENDMENT EFFECTIVE 

DATE 
  

	 	A.	 Qualified Foreign Investments 

 

	 	1.	 Investments by Cequent Electrical Products de Mexico, S. de R.L. de C.V. in certificates of deposit,
banker’s acceptances and time deposits maturing within one year from the date of acquisition thereof issued or guaranteed by or placed with, and money market deposit accounts issued or offered by, Comerica Bank, Compass, HSBC, Grand Cayman, and
in each case such investments shall be in Mexican Pesos. 
	 

  

	 	2.	 Investments by Cequent Trailer Products, S. de R.L. de C.V. in certificates of deposit, banker’s
acceptances and time deposits maturing within one year from the date of acquisition thereof issued or guaranteed by or placed with, and money market deposit accounts issued or offered by, Comerica Bank, Compass, HSBC, Grand Cayman, and in each case
such investments shall be in Mexican Pesos. 
	 

  

	 	B.	 Other Investments 

 

	 	1.	 Horizon Global Americas Inc.’s loan to Cequent UK Limited in connection with the purchase by Cequent UK
Limited from Cequent Performance Products, Inc. of machinery, equipment and inventory to be located in the Juarez, Mexico facility; the aggregate amount of loans described in this clause (B)(1) and clause (B)(2) below do not exceed
$5.0 million. 
	 

  

	 	2.	 Horizon Global Americas Inc.’s loan to Cequent UK Limited in connection with the purchase by Cequent UK
Limited from Cequent Performance Products, Inc. of machinery, equipment and inventory to be located in the Reynosa, Mexico facility; the aggregate amount of loans described in this clause (B)(2) and clause (B)(1) above do not exceed
$5.0 million. 
	 

  

	 	3.	 Horizon Global Corporation’s investment in the Hong Kong Sourcing Office legal entity to provide legal
restructuring and operational funding in an aggregate amount not exceeding $2.5 million. 
	 

	 	4.	 Investments by Horizon Global Corporation in one or more wholly-owned foreign subsidiaries for the purpose of
purchasing one or more foreign manufacturing facilities, including capital equipment and working capital, in an aggregate amount not exceeding $3.0 million. 
	 

  

	 	5.	 Horizon Global Digital Limited’s investment in 20% of the issued share capital of Reckless Digital Group
Holdings Limited in a total consideration of GBP 360,000 paid to Ellie Warriner (GBP 45,000) and Lindsay Reckless (GBP 315,000) 
	 

  

	 	6.	 Horizon Global Digital Limited’s loan to Reckless Digital Group Holdings Limited to be used for growth
initiatives and general working capital purposes, in an amount equal to GBP 300,000. 
	 

  

	 	7.	 Cequent Industria e Comercio’s Ltda’s (fka Cequent Brazil Participacoes) purchase of Engetran
Engenharia, Industria, Comercio de Pecas e Acessorios Veiculares Ltda from Jorge Correia Karan of which there remains about $100,000 outstanding. 
	 

  

	 	8.	 Cequent Industria e Comercio Ltda’s purchase of Dhelfos Industria E Comercio De Acessorios Ltda from
Ernani Mariano and Maria Luiza Gome De Goes, of which there remains about $2.5M outstanding. 
	 

  

	 	9.	 Westfalia-Automotive GmbH owns 20% of EWV Management Consultancy Pty. 
	 

  

	 	10.	 Vendor note from SISS Holding B.V. to Terwa Holding B.V. in connection with Terwa Holding B.V.’s
divestiture of (i) all shares in Terwa B.V. to SISS Holding B.V; and (ii) construction-related assets of Terwa Romania Srl Unit 1 to Terwa Construction Systems Srl 
	 

 Intercompany Debt as listed below: 

 

					
	Borrower	  	Lender	  	Amount
	Cequent Electrical Products de Mexico S. de R.L. de C.V.	  	Cequent Sales Company de Mexico, S. de R.L. de C.V.	  	$1,481.19
	Horizon Global (South Africa) (PPY) LTD.	  	Cequent Nederland Holdings B.V.	  	$212,463.40
	C.P. Witter Limited	  	Cequent Nederland Holdings B.V.	  	$2,428,116.42
	Trimotive Germany GmbH	  	Cequent Nederland Holdings B.V.	  	$974,950.00
	Kovil Oy	  	Cequent Nederland Holdings B.V.	  	$297,187.70
	HG Germany Holdings GmbH	  	Cequent Nederland Holdings B.V.	  	$126,170,000.00
	AH Forgings Proprietary Limited	  	Cequent Nederland Holdings B.V.	  	$54,320.77
	Westfalia – Automotive GmbH	  	Cequent Nederland Holdings B.V.	  	$1,720,498.85
	Westfalia – Automotive SAS	  	Cequent Nederland Holdings B.V.	  	$277,011.97
	Westfalia – Automotive Denmark ApS	  	Cequent Nederland Holdings B.V.	  	$1,270,557.13
	Westfalia – Automotive Polska Sp. Zo.o	  	Cequent Nederland Holdings B.V.	  	$556,910.94
	Westfalia – Automotive Italia S.r.l	  	Cequent Nederland Holdings B.V.	  	$300,166.46
	Teljs Automotive Srl Unit 2	  	Cequent Nederland Holdings B.V.	  	$1,553,635.59
	Horizon Global Holdings Australia Pty. Ltd.	  	Horizon International Holding LLC	  	$44,789,896.27
	Horizon Global Corporation	  	Horizon International Holding LLC	  	$12,502,710.00
	C.P. Witter Limited	  	Cequent UK Limited	  	$637,950.00
	HG Germany Holdings GmbH	  	Horizon Global Corporation	  	$45,993,583.97
	Cequent Nederland Holdings B.V.	  	Horizon Global Company LLC	  	$117,280,750.00
	Westfalia – Automotive GmbH	  	Horizon Global Company LLC	  	$1,147,000,00

 EXHIBIT B 

Intercreditor Agreement 
 {see
attached} 

 AMENDED AND RESTATED 

INTERCREDITOR AGREEMENT 
 by and
between 
 BANK OF AMERICA, N.A., 

as ABL Agent, 
 JPMORGAN CHASE
BANK, N.A., 
 as First Lien Term Agent 

and 
 CORTLAND CAPITAL MARKET
SERVICES LLC, 
 as Second Lien Term Agent 

Dated as of March 15, 2019 

Relating to: 
 Horizon Global
Corporation and Affiliates 

 TABLE OF CONTENTS 
  

							
	 	 	 	  	Page No.	 
		
	 ARTICLE 1 DEFINITIONS
	  	 	3	 
			
	 Section 1.1
	 	 Certain Definitions
	  	 	3	 
	 Section 1.2
	 	 Other Definitions
	  	 	3	 
	 Section 1.3
	 	 Rules of Construction
	  	 	16	 
		
	 ARTICLE 2 LIEN PRIORITY
	  	 	16	 
			
	 Section 2.1
	 	 Priority of Liens
	  	 	16	 
	 Section 2.2
	 	 Waiver of Right to Contest Liens
	  	 	17	 
	 Section 2.3
	 	 Remedies Standstill
	  	 	18	 
	 Section 2.4
	 	 Exercise of Rights
	  	 	19	 
	 Section 2.5
	 	 No New Liens
	  	 	20	 
	 Section 2.6
	 	 Waiver of Marshalling
	  	 	21	 
		
	 ARTICLE 3 ACTIONS OF THE PARTIES
	  	 	22	 
			
	 Section 3.1
	 	 Certain Actions Permitted
	  	 	22	 
	 Section 3.2
	 	 Agent for Perfection
	  	 	22	 
	 Section 3.3
	 	 Insurance
	  	 	23	 
	 Section 3.4
	 	 No Additional Rights For the Loan Parties Hereunder
	  	 	23	 
	 Section 3.5
	 	 Inspection and Access Rights
	  	 	23	 
	 Section 3.6
	 	 Tracing of and Priorities in Proceeds
	  	 	25	 
	 Section 3.7
	 	 Payments Over
	  	 	25	 
	 Section 3.8
	 	 Rights as Unsecured Creditors
	  	 	26	 
		
	 ARTICLE 4 APPLICATION OF PROCEEDS
	  	 	26	 
			
	 Section 4.1
	 	 Application of Proceeds
	  	 	26	 
	 Section 4.2
	 	 Specific Performance
	  	 	28	 
		
	 ARTICLE 5 INTERCREDITOR ACKNOWLEDGEMENTS AND WAIVERS
	  	 	29	 
			
	 Section 5.1
	 	 Notice of Acceptance and Other Waivers
	  	 	29	 
	 Section 5.2
	 	 Modifications to ABL Documents and Term Documents
	  	 	30	 
	 Section 5.3
	 	 Reinstatement and Continuation of Agreement
	  	 	31	 
	 Section 5.4
	 	 Purchase Right
	  	 	32	 
		
	 ARTICLE 6 INSOLVENCY PROCEEDINGS
	  	 	33	 
			
	 Section 6.1
	 	 DIP Financing
	  	 	33	 
	 Section 6.2
	 	 Relief From Stay
	  	 	36	 
	 Section 6.3
	 	 No Contest; Adequate Protection
	  	 	36	 
	 Section 6.4
	 	 Asset Sales
	  	 	37	 
	 Section 6.5
	 	 Separate Grants of Security and Separate Classification
	  	 	39	 
	 Section 6.6
	 	 Reorganization Securities
	  	 	39	 
	 Section 6.7
	 	 [Reserved]
	  	 	39	 
	 Section 6.8
	 	 ABL Obligations Unconditional
	  	 	39	 
	 Section 6.9
	 	 Term Obligations Unconditional
	  	 	40	 
	 Section 6.10
	 	 Claims
	  	 	40	 
	 Section 6.11
	 	 Bankruptcy – Plan Support
	  	 	40	 
	 Section 6.12
	 	 Applicability
	  	 	40	 
	 Section 6.13
	 	 Other Bankruptcy Laws
	  	 	41	 

  
 i 

							
	 ARTICLE 7 MISCELLANEOUS
	  	 	41	 
			
	 Section 7.1
	 	 Rights of Subrogation
	  	 	41	 
	 Section 7.2
	 	 Further Assurances
	  	 	41	 
	 Section 7.3
	 	 Representations
	  	 	42	 
	 Section 7.4
	 	 Amendments
	  	 	42	 
	 Section 7.5
	 	 Addresses for Notices
	  	 	42	 
	 Section 7.6
	 	 No Waiver; Remedies
	  	 	43	 
	 Section 7.7
	 	 Continuing Agreement, Transfer of Secured Obligations
	  	 	43	 
	 Section 7.8
	 	 Governing Law; Entire Agreement
	  	 	44	 
	 Section 7.9
	 	 Counterparts
	  	 	44	 
	 Section 7.10
	 	 No Third Party Beneficiaries
	  	 	44	 
	 Section 7.11
	 	 Headings
	  	 	44	 
	 Section 7.12
	 	 Severability
	  	 	44	 
	 Section 7.13
	 	 [Reserved]
	  	 	44	 
	 Section 7.14
	 	 VENUE; JURY TRIAL WAIVER
	  	 	44	 
	 Section 7.15
	 	 Intercreditor Agreement
	  	 	45	 
	 Section 7.16
	 	 No Warranties or Liability
	  	 	45	 
	 Section 7.17
	 	 Conflicts
	  	 	45	 
	 Section 7.18
	 	 Information Concerning Financial Condition of the Loan Parties
	  	 	46	 
	 Section 7.19
	 	 Additional Loan Parties
	  	 	46	 
	 Section 7.20
	 	 Amendment and Restatement
	  	 	46	 
	 Section 7.21
	 	 Additional Intercreditor Agreements
	  	 	46	 

  
 ii 

 AMENDED AND RESTATED INTERCREDITOR AGREEMENT 

THIS AMENDED AND RESTATED INTERCREDITOR AGREEMENT (as amended, supplemented, restated or otherwise modified from time to time
pursuant to the terms hereof, this “Agreement”) is entered into as of March 15, 2019 between 

(a) BANK OF AMERICA, N.A., in its capacity as administrative agent and collateral agent (together with
its successors and assigns in such capacities, the “ABL Agent”) for (i) the financial institutions, Issuing Banks (as defined below) and other entities party from time to time to the ABL Credit Agreement referred to
below (such financial institutions, Issuing Banks and other entities, together with their respective successors, assigns and transferees, the “ABL Lenders”) and (ii) any ABL Bank Product Providers (as defined below)
(such ABL Bank Product Providers, together with the ABL Agent and the ABL Lenders, the “ABL Secured Parties”), 

(b) JPMORGAN CHASE BANK, N.A., in its capacity as administrative agent and collateral agent (together
with its successors and assigns in such capacities, the “First Lien Term Agent”) for the financial institutions and other entities party from time to time to the First Lien Term Loan Credit Agreement referred to below (such
financial institutions and other entities, together with their respective successors, assigns and transferees, the “First Lien Term Lenders”) and 

(c)        CORTLAND CAPITAL MARKET SERVICES LLC, in its
capacity as administrative agent and collateral agent (together with its successors and assigns in such capacities, the “Second Lien Term Agent”) for the financial institutions and other entities party from time to time to
the Second Lien Term Loan Credit Agreement referred to below (such financial institutions and other entities, together with their respective successors, assigns and transferees, the “Second Lien Term Lenders”). 

The First Lien Term Agent and the Second Lien Term Agent are referred to collectively herein as the “Term Agents” and
the First Lien Term Lenders and the Second Lien Term Lenders are referred to collectively herein as the “Term Lenders”). 

RECITALS 

A.        Pursuant to that certain Amended and Restated Loan Agreement dated on or
about December 22, 2015 by and among Horizon Global Corporation, a Delaware corporation (“Company”), Horizon Global Americas Inc., a Delaware corporation (f/k/a Cequent Performance Products, Inc., a Delaware corporation
and successor by merger with Cequent Consumer Products, Inc., an Ohio corporation) (“Horizon Americas”), Cequent UK Limited, a company incorporated in England and Wales with company number 08081641 (“Cequent
UK”), Cequent Towing Products of Canada Ltd., a company formed under the laws of the Province of Ontario (“Cequent Canada”, and together with the Company, Horizon Americas and Cequent UK, collectively,
“ABL Borrowers”), the ABL Lenders and the ABL Agent (as amended through the Seventh Amendment thereto and as such agreement may be further Amended or Refinanced or otherwise further modified from time to time in
accordance with the terms hereof and thereof, the “ABL Credit Agreement”), the ABL Lenders have agreed to make certain loans and provide other financial accommodations in an initial aggregate principal amount of up to
$90,000,000 to or for the benefit of the ABL Borrowers. 

 B.        Pursuant to the ABL Credit
Agreement, the ABL Guarantors (as defined below) have guaranteed the payment and performance of the ABL Obligations of the ABL Borrowers under the ABL Documents (as defined below). 

C.        As a condition of the ABL Credit Agreement and to secure the ABL
Obligations, the ABL Borrowers and the ABL Guarantors (together with the ABL Borrowers, collectively, the “ABL Loan Parties”) under and in connection with the ABL Documents have granted to the ABL Agent for the benefit of the
ABL Secured Parties (as defined below) Liens on the Collateral (as defined below). 

D.        Pursuant to that certain Term Loan Credit Agreement dated on or about
June 30, 2015 by and among Company (the “Term Loan Borrower”), the First Lien Term Lenders and the First Lien Term Agent (as amended by the Sixth Amendment thereto and as such agreement may be Amended or Refinanced or
otherwise further modified from time to time in accordance with the terms hereof and thereof, the “First Lien Term Loan Credit Agreement”), the First Lien Term Lenders have made a term loan to the Term Loan Borrower having a
principal balance as of the date hereof of $190,524,141.07. 
 E.        Pursuant to
the First Lien Term Loan Credit Agreement, the Term Guarantors (as defined below) have guaranteed the payment and performance of the First Lien Term Obligations (as defined below) of the Company under the First Lien Term Documents (as defined
below). 
 F.        As a condition of the First Lien Term Loan Credit Agreement and
to secure the First Lien Term Obligations, the Term Loan Borrower and the Term Guarantors (together with the Term Loan Borrowers, collectively, the “Term Loan Parties”) under and in connection with the First Lien Term
Documents have granted to the First Lien Term Agent for the benefit of the applicable First Lien Term Secured Parties (as defined below) Liens on the Collateral (as defined below). 

G.        Pursuant to that certain Term Loan Credit Agreement dated on or about the
date hereof by and among the Term Loan Borrower, the Second Lien Term Lenders and the Second Lien Term Agent (as such agreement may be Amended or Refinanced or otherwise modified from time to time in accordance with the terms hereof and thereof, the
“Second Lien Term Loan Credit Agreement”), the Second Lien Term Lenders have agreed to make a term loan in the original principal amount of $51,020,408 to the Term Loan Borrower. 

E.        Pursuant to the Second Lien Term Loan Credit Agreement, the Term Guarantors
have guaranteed the payment and performance of the Second Lien Term Obligations (as defined below) of the Company under the Second Lien Term Documents (as defined below). 

F.        As a condition to the effectiveness of the Second Lien Term Loan Credit
Agreement and to secure the Second Lien Term Obligations, the Term Loan Parties under and in connection with the Second Lien Term Documents have granted to the Second Lien Term Agent for the benefit of the applicable Second Lien Term Secured Parties
(as defined below) Liens on the Collateral (as defined below). 
 G.        ABL
Agent, First Lien Agent, the Company, and certain of Company’s subsidiaries party thereto have entered into that certain Intercreditor Agreement dated as of June 30, 2015 (as amended from time to time prior to the date of this Agreement,
the “Prior Intercreditor Agreement”) 
 H.        Each of the ABL
Agent (on behalf of the ABL Secured Parties), the First Lien Term Agent (on behalf of the First Lien Term Secured Parties) and the Second Lien Term Agent (on behalf of the Second Lien Term Secured Parties) desires to agree to the relative priority
of Liens on the Collateral and certain other rights, priorities and interests as provided herein and to amend and restate the Prior Intercreditor Agreement in its entirety to read as provided in this Agreement. 

  
 2 

 NOW THEREFORE, in consideration of the foregoing and for other good
and valuable consideration, receipt of which is hereby acknowledged, the parties hereto agree as follows: 
 ARTICLE 1 

DEFINITIONS 

Section 1.1        Certain Definitions. Unless otherwise
defined herein, all capitalized terms used herein shall have the same meaning herein as in the Uniform Commercial Code. 

Section 1.2        Other Definitions. Subject
to Section 1.1, as used in this Agreement, the following terms shall have the meanings set forth below: 

“ABL Agent” shall have the meaning assigned to that term in the introduction to this Agreement and
shall include any successors thereto as well as any Person designated as the “Agent”, “Administrative Agent”, “Collateral Agent”, “Trustee”, “Security Trustee”, “Collateral Trustee” or
similar term under any ABL Credit Agreement. 
 “ABL Bank Product Provider” shall mean any ABL
Lender or any Affiliate (or any Person that was an ABL Lender or an Affiliate of an ABL Lender at the time it entered into a Bank Product with an ABL Loan Party) of any ABL Lender that has entered into a Bank Product or agreement relating to any
Bank Products with an ABL Loan Party with the obligations of such ABL Loan Party thereunder being secured by one or more ABL Collateral Documents, together with their respective successors, assigns and transferees. 

“ABL Borrowers” shall have the meaning assigned to that term in the recitals to this Agreement. 

“ABL Collateral Documents” shall mean the Security Documents (as defined in the ABL Credit Agreement)
and all security agreements, pledge agreements, hypothecs, charges, debentures, account control agreements, bailment agreements, freight forwarder and/or customs broker’s agreements, collateral access agreements, mortgages, deeds of trust, and
other collateral documents executed and delivered in connection with the ABL Credit Agreement, in each case as Amended or Refinanced or otherwise modified from time to time, in accordance with the terms hereof. 

“ABL Credit Agreement” shall have the meaning assigned to such term in the recitals to this Agreement
and any other agreements or facilities which Amend or Refinance all or any portion of the ABL Obligations under any then extant ABL Credit Agreement (including without limitation under any agreement with respect to ABL DIP Financing provided by any
or all of the ABL Secured Parties, including any use, whether consensual or non-consensual, of cash collateral constituting the Proceeds of the ABL Priority Collateral); provided that at the time of any
refinancing or replacement of the then extant ABL Credit Agreement (other than the Non-US Loan Parties Restructuring), the Company shall have delivered to each Term Agent an officer’s certificate
certifying that such refinancing or replacement ABL Credit Agreement is permitted to be incurred under the Term Loan Credit Agreement and each Additional Term Debt Facility. 

“ABL Deposit and Security Accounts” shall mean any and all deposit accounts and securities accounts of
the ABL Loan Parties subject to a control agreement in favor of or otherwise controlled by the ABL Agent. 
 “ABL
DIP Financing” shall have the meaning set forth in Section 6.1(a). 

  
 3 

 “ABL Documents” shall mean the ABL Credit Agreement,
ABL Guaranty, the ABL Collateral Documents, those other ancillary agreements to which any ABL Secured Party is a party or beneficiary and all other agreements, instruments, documents and certificates, now or hereafter executed by or on behalf of any
ABL Loan Party and delivered to the ABL Agent or any other ABL Secured Party, in connection with any of the foregoing or with the ABL Credit Agreement, ABL Guaranty or the ABL Collateral Documents, in each case, as the same may be Amended or
Refinanced or otherwise modified from time to time in accordance with the terms hereof and thereof. 
 “ABL
Guarantors” shall mean the collective reference to any direct or indirect Subsidiary or direct or indirect parent of the ABL Borrowers who is or becomes a guarantor under the ABL Guaranty with respect to the ABL Borrowers’ ABL
Obligations. 
 “ABL Guaranty” shall mean the collective reference to the “Guaranties” (as
defined in the ABL Credit Agreement”) entered into by the ABL Guarantors and any other guarantee of the ABL Obligations entered into in connection with an Amendment or Refinancing of the ABL Credit Agreement, whether by the same or any other
agent, lender or group of lenders. 
 “ABL Lenders” shall have the meaning assigned to that term in
the introduction to this Agreement, as well as any Person which is a “lender” or “issuing bank” under any ABL Credit Agreement. 

“ABL Loan Parties” shall have the meaning assigned to that term in the recitals to this Agreement.

 “ABL Obligations” shall mean all obligations of every nature of each ABL Loan Party from time to
time owed to the ABL Secured Parties, or any of them, under any ABL Document or in respect of any “Secured Bank Product Obligations” (as defined in the ABL Credit Agreement), including, without limitation, all “Obligations” of
each ABL Loan Party or similar term as defined in any ABL Credit Agreement, whether for principal, interest, reimbursement of amounts drawn under Letters of Credit, fees, expenses, indemnification, or otherwise, and all other amounts owing or due
under the terms of the ABL Documents (including interest, fees, indemnification payments, expense reimbursements and other amounts which, but for the commencement of an Insolvency Proceeding with respect to such ABL Loan Party, would have accrued on
or been payable with respect to the ABL Obligations, whether or not a claim is allowed or allowable against such ABL Loan Party for such interest, fees, indemnification payments, expense reimbursements and other amounts in the related Insolvency
Proceeding), as the same may be Amended or Refinanced in whole or in part or otherwise modified from time to time in accordance with the terms hereof and thereof. 

“ABL Priority Collateral” shall mean all Collateral consisting of the following: 

(1)        all Accounts (and including for this purpose all amounts
payable by the issuer or processor thereof in connection with the use of a credit card, debit card or similar instrument, whether deemed to be an Account or a Payment Intangible) and other receivables (other than Accounts and other receivables
arising from the sale or other Disposition of Term Priority Collateral); 

(2)        cash, money and cash equivalents, other than identifiable
cash Proceeds from the sale or Disposition of Term Priority Collateral; 

(3)        all (i) Deposit Accounts (other than the Term
Collateral Proceeds Account), (ii) Securities Accounts (other than the Term Collateral Proceeds Account), Security Entitlements and Securities credited to such a Securities Account (other than Equity Interests in any Loan Party or its
Subsidiaries), or (iii) all Commodity Accounts (other than the Term Collateral Proceeds 

  
 4 

 
Account) and commodity contracts and, in each case, all cash, money, cash equivalents, checks and other property held therein or credited thereto, other than identifiable Proceeds of Term
Priority Collateral; 
 (4)        all Inventory; 

(5)        all proceeds of business interruption insurance (which, for
the avoidance of doubt, shall not include proceeds of any casualty insurance relating to Term Priority Collateral); 

(6)        to the extent relating to or arising from, evidencing or
governing any of the items referred to in the preceding clauses (1) through (5) constituting ABL Priority Collateral, all Documents, General Intangibles (including all rights under contracts but excluding any Intellectual Property and any
Equity Interests in any Loan Party or its Subsidiaries), Instruments (including Promissory Notes other than any Promissory Notes constituting Term Priority Collateral), Chattel Paper (including Tangible Chattel Paper and Electronic Chattel Paper),
and Commercial Tort Claims, insurance proceeds, Supporting Obligations and Letter-of-Credit Rights relating thereto; provided that to the extent any of the foregoing
also relates to Term Priority Collateral only that portion related to the items referred to in the preceding clauses (1) through (5) shall be included in the ABL Priority Collateral; 

(7)        all books and Records relating to the items referred to in
the preceding clauses (1) through (6) constituting ABL Priority Collateral (including all books, databases, customer lists, engineer drawings, and Records, whether tangible or electronic, which contain any information relating to any of the
items referred to in the preceding clauses (1) through (6) constituting ABL Priority Collateral but, in each case, excluding any Intellectual Property); and 

(8)        to the extent not otherwise included, all Proceeds
(including all insurance proceeds) of any and all of the foregoing described in clauses (1) through (7) and all collateral security and guarantees with respect to any of the foregoing. 

“ABL Recovery” shall have the meaning set forth in Section 5.3(a). 

“ABL Secured Parties” shall have the meaning to that term in the introduction to this Agreement. 

“ABL Standstill Period” has the meaning set forth in Section 2.3(b). 

“Additional Term Joinder” means a Joinder Agreement substantially in the form of Exhibit I hereto or
such other form as agreed by the ABL Agent and each Term Agent. 
 “Affiliate” shall mean, with
respect to a specified Person, any other Person that directly or indirectly through one or more intermediaries Controls, is Controlled by or is under common Control with the Person specified. 

“Agent(s)” means individually the ABL Agent or any Term Agent and collectively means both the ABL
Agent and each Term Agent. 
 “Agreement” shall have the meaning assigned to that term in the
introduction to this Agreement. 
 “Amended or Refinanced” shall mean, in respect of any obligation,
or the agreement or contract pursuant to which such obligation is incurred, (a) such obligation (or any portion thereof) or related agreement or contract as extended, renewed, defeased, amended, amended and restated, supplemented,

  
 5 

 
modified, restructured, consolidated, refinanced, replaced, refunded or repaid from time to time and (b) any other obligation issued in exchange or replacement for or to refinance such
obligation, in whole or in part, whether with same or different lenders, arrangers and/or agents and whether with a larger or smaller aggregate principal amount, in each case to the extent not prohibited under the terms of this Agreement and the ABL
Documents or the Term Documents, as applicable, then in effect. “Amend or Refinance” and “Amendment or Refinancing” shall have correlative meanings and, for the avoidance of doubt, the parties hereto
agree that “Amended or Refinanced”, when applicable to any ABL Document shall include such ABL Document as amended, amended and restated, supplemented, modified or restructured by, and after giving effect to, any Non-US Loan Parties Restructuring. 
 “Bank Products” shall have
the meaning assigned to such term in the ABL Credit Agreement. 
 “Bankruptcy Code” shall mean Title
11 of the United States Code, as now or hereafter in effect or any successor thereto. 
 “Borrower”
shall mean the ABL Borrowers and the Term Loan Borrower. 
 “Business Day” shall mean any day other
than (a) Saturday or Sunday; (b) any day on which banks in Chicago, Illinois or New York City, New York, generally are not open to the general public for the purpose of conducting commercial banking business; or (c) a day on which the
principal office of any Term Agent or any ABL Agent is not open to the general public to conduct business. 

“Collateral” shall mean (a) with respect to any Term Agent or any Term Secured Party, all
Property now owned or hereafter acquired by any Term Loan Party in or upon which a Lien is granted or purported to be granted to any Term Agent under any of the Term Collateral Documents, together with all substitutions, additions, products and
Proceeds thereof and (b) with respect to the ABL Agent or any ABL Secured Party, all Property now owned or hereafter acquired by any ABL Loan Party in or upon which a Lien is granted or purported to be granted to the ABL Agent under any of the
ABL Collateral Documents, together with all substitutions, additions, products and Proceeds thereof. 

“Company” shall have the meaning assigned to that term in the introduction to this Agreement. 

“Control Collateral” shall mean any Collateral consisting of any Deposit Account, Securities Account,
Commodities Accounts, Instruments, Equity Interests and any other Collateral as to which a Lien may be perfected through possession or control by the secured party, or any agent therefor. 

“Copyrights” means, with respect to any Person, all of such Person’s right, title, and interest
in and to the following: (a) all copyrights, rights and interests in copyrights, works protectable by copyright, copyright registrations, and copyright applications; (b) all renewals of any of the foregoing; (c) all income, royalties,
damages, and payments now or hereafter due and/or payable under any of the foregoing, including, without limitation, damages or payments for past or future infringements for any of the foregoing; (d) the right to sue for past, present, and
future infringements of any of the foregoing; and (e) all rights corresponding to any of the foregoing throughout the world. 

“Credit Documents” shall mean the ABL Documents and the Term Documents. 

“Debtor Relief Laws” shall mean the Bankruptcy Code, as now or hereafter in effect or any successors
thereto, as well as all other liquidation, conservatorship, bankruptcy, assignment for benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief laws of the United States or any state law or
of any applicable foreign law from time to time in effect affecting the rights of creditors generally. 

  
 6 

 “Designated Term Agent” means (i) the First
Lien Term Agent, until such time as (A) the Discharge of First Lien Term Obligations with respect to the First Lien Term Loan Credit Agreement has occurred (which occurrence shall be confirmed in writing by a Term Agent) or (B) the First
Lien Term Agent has notified other parties hereto in writing that the Second Lien Term Agent shall be the Designated Term Agent, pursuant to the Term Lender Intercreditor Agreement or otherwise, and (ii) thereafter, the Second Lien Term Agent.

 “Discharge of ABL Obligations” shall mean (a) the termination of all commitments to extend
credit under the ABL Documents, and (b) the payment in full in cash or immediately available funds of all outstanding ABL Obligations (excluding contingent indemnification obligations for which a claim or demand for payment has not then been
asserted) including, with respect to (i) amounts available to be drawn under outstanding Letters of Credit (or indemnities or other undertakings issued in respect of outstanding Letters of Credit), the cancellation of such Letters of Credit or
the Cash Collateralization (as defined in the ABL Credit Agreement) thereof or the delivery and provision of backstop letters of credit in respect thereof in compliance with the terms of any ABL Credit Agreement (which shall not exceed an amount
equal to 105% of the aggregate undrawn amount of such Letters of Credit), (other than Letters of Credit denominated in a currency other than Dollars, in which case shall not exceed 110% of the aggregate undrawn amount of such Letters of Credit) and
(ii) outstanding ABL Obligations with respect to Bank Products (or indemnities or other undertakings issued pursuant thereto in respect of outstanding Bank Products), the delivery or provision of cash collateral or backstop letters of credit in
respect thereof, other than (x) unasserted contingent indemnification obligations, and (y) any ABL Obligations relating to Bank Products that, at such time, are allowed by the applicable Bank Product Provider to remain outstanding without
being required to be repaid or collateralized. 
 “Discharge of First Lien Term Obligations” shall
mean the payment in full in cash of all outstanding First Lien Term Obligations (excluding contingent indemnification obligations for which a claim or demand for payment has not then been asserted). 

“Discharge of Second Lien Term Obligations” shall mean the payment in full in cash of all outstanding
Second Lien Term Obligations (excluding contingent indemnification obligations for which a claim or demand for payment has not then been asserted). 

“Discharge of Term Obligations” shall mean the Discharge of First Lien Term Obligations and the
Discharge of Second Lien Term Obligations shall have both occurred. 
 “Disposition” shall mean the
sale, transfer, license, lease or other disposition 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. As used herein, “Dispose” and “Disposed” shall have correlative meanings. 

“Enforcement Notice” shall mean a written notice delivered by either the ABL Agent or the Designated
Term Agent to the other applicable party announcing that an Enforcement Period has commenced. 
 “Enforcement
Period” shall mean the period of time following the receipt by either the ABL Agent or any Term Agent of an Enforcement Notice from the other and continuing until the earliest of (a) in case of an Enforcement Period commenced by
any Term Agent, the Discharge of Term Obligations (or the written termination of, or agreement in writing to terminate, the Enforcement Period by the applicable Term Agent) or (b) in the case of an Enforcement Period commenced by the ABL Agent,
the Discharge of 

  
 7 

 
ABL Obligations (or the written termination of, or agreement in writing to terminate, the Enforcement Period by the ABL Agent). 

“Equity Interests” shall mean as to any Person, the stock (common, preferred or in any other manner
designated), limited liability company membership or other interest or any other right or interest (or right to acquire such interest) however designated, evidencing ownership interests in such Person. 

“Event of Default” shall mean an Event of Default as defined in the ABL Credit Agreement or any Term
Document, as applicable. 
 “Exercise of Any Secured Creditor Remedies” or “Exercise of
Secured Creditor Remedies” shall mean, except as otherwise provided in the final sentence of this definition: 

(a)    the taking by any Secured Party of any action to enforce or realize upon any Lien, including the institution of any
foreclosure proceedings or the noticing of any public or private sale pursuant to Article 9 of the Uniform Commercial Code or other applicable law; 

(b)    the exercise by any Secured Party of any right or remedy provided to a secured creditor on account of a Lien under
any of the Credit Documents, under applicable law, in an Insolvency Proceeding or otherwise, including the election to retain any of the Collateral in satisfaction of a Lien; 

(c)    the taking of any action by any Secured Party or the exercise of any right or remedy by any Secured Party in respect
of the collection on, set off against, marshaling of, injunction respecting or foreclosure on the Collateral or the Proceeds thereof; 

(d)    the appointment on the application of a Secured Party, of a receiver, receiver and manager or interim receiver of
all or part of the Collateral; 
 (e)    the sale, lease, license, or other Disposition of all or any portion of the
Collateral by private or public sale conducted by a Secured Party or any other means at the direction of a Secured Party permissible under applicable law (including without limitation the solicitation of any bids from third persons to conduct
liquidation or Disposition of Collateral or engage any agents for purposes of valuing, marketing, promoting or selling Collateral); 

(f)    the exercise of any other right of a secured creditor under Part 6 of Article 9 of the Uniform Commercial Code or
under provisions of similar effect under other applicable law the exercise by a Secured Party of any voting rights relating to any Pledged Shares; and 

(g)    instituting any action or proceeding to effect any of the foregoing. 

For the avoidance of doubt, none of the following shall be deemed to constitute an Exercise of Secured Creditor Remedies: (i) the filing of a proof of
claim in any Insolvency Proceeding or seeking adequate protection (subject to and in accordance with Section 6.3 below), (ii) the exercise of rights by the ABL Agent during the continuance of a Dominion Trigger Period (as defined in the ABL
Credit Agreement), including, without limitation, with respect to Deposit Accounts and Securities Accounts and the notification of account debtors, depository institutions, securities intermediaries, or any other Person to deliver Proceeds of ABL
Priority Collateral to the ABL Agent, (iii) the consent by the ABL Agent to any Disposition by any ABL Loan Party of any of the ABL Priority Collateral (other than any such sale conducted at the direction of the ABL Agent in connection with any
Exercise of Secured Creditor Remedies after the occurrence of an Event of Default under the ABL Credit Agreement), (iv) the modification of advance rates or sub-limits, or the addition or modification of
eligibility criteria, by the ABL Agent, (v) the imposition or modification of any component of the Availability Reserve (as defined in the ABL Credit Agreement) by the ABL Agent, (vi) any collection, adjustment or settlement of insurance
claims, or any application to a court of competent jurisdiction to make a determination as to the collection, adjustment or settlement of an insurance claim, in each case in accordance with Section 3.3, (vii) the exercise of rights by the ABL
Agent under the ABL Documents to require any ABL Loan Party to take actions in the nature of “further assurances” with respect to the Collateral permitted by the ABL 

  
 8 

 
Documents and not inconsistent with this Agreement, (viii) the consent by any Term Agent to any Disposition by the Borrower or any Term Guarantor of any of the Term Priority Collateral
(other than any such sale conducted at the direction of any Term Agent in connection with any Exercise of Secured Creditor Remedies after the occurrence of an Event of Default under the applicable Term Documents), (ix) the exercise of rights by
any Term Agent under the applicable Term Documents to require any Term Loan Party to take actions in the nature of “further assurances” with respect to the Collateral permitted by the Term Documents and not inconsistent with this
Agreement, (x) the exercise of any rights or remedies by the ABL Agent against any ABL Loan Party which is not a Term Loan Party or (xi) the exercise of any rights or remedies by any Term Loan Agent against any Term Loan Party which is not
an ABL Loan Party. 
 “First Lien Term Agent” shall have the meaning set forth in the Preamble
hereto. 
 “First Lien Term Collateral Documents” shall mean the Security Documents (as defined in
the First Lien Term Loan Credit Agreement) and all security agreements, pledge agreements, hypothecs, charges, debentures, bailment agreements, account control agreements, freight forwarder and/or customs broker’s agreements, collateral access
agreements, mortgages, deeds of trust and other collateral documents executed and delivered in connection with the First Lien Term Loan Credit Agreement, in each case as Amended or Refinanced or otherwise modified from time to time in accordance
with the terms hereof and thereof. 
 “First Lien Term Documents” shall mean the First Lien Term
Loan Credit Agreement, the First Lien Term Guaranty, the First Lien Term Collateral Documents and those other ancillary agreements to which any First Lien Term Secured Party is a party or beneficiary and all other agreements, instruments, documents
and certificates, now or hereafter executed by or on behalf of any Term Loan Party or any of its respective Affiliates, and delivered to the applicable First Lien Term Agent or any other First Lien Term Secured Party, in connection with any of the
foregoing or any First Lien Term Loan Credit Agreement, First Lien Term Guaranty or the First Lien Term Collateral Documents, in each case as the same may be Amended or Refinanced or otherwise modified from time to time in accordance with the terms
hereof and thereof. 
 “First Lien Term Guaranty” shall mean the collective reference to the
guaranty agreements, if any, entered into by the Term Guarantors and any other guarantee of the First Lien Term Obligations entered into in connection with an Amendment or Refinancing of the First Lien Term Loan Credit Agreement. 

“First Lien Term Loan Credit Agreement” shall have the meaning assigned to such term in the recitals
to this Agreement and any other agreements, indentures or facilities which Amend or Refinance all or any portion of the First Lien Term Obligations under any then extant First Lien Term Loan Credit Agreement (including, without limitation, under any
agreement with respect to Term DIP Financing provided by any or all of the Term Secured Parties, including any use, whether consensual or non-consensual, of cash collateral constituting the Proceeds of the
Term Priority Collateral), whether by the same or any other agent, lender or group of lenders; provided that at the time of any refinancing or replacement of the then extant First Lien Term Loan Credit Agreement, the Company shall have
delivered to the ABL Agent an officer’s certificate certifying that such refinancing or replacement First Lien Term Loan Credit Agreement is permitted to be incurred under the ABL Credit Agreement and the First Lien Term Loan Agreement. 

“First Lien Term Obligations” shall mean all obligations of every nature of each Term Loan Party from
time to time owed to the First Lien Term Secured Parties, or any of them, under any First Lien Term Document, including, without limitation, all “Obligations” of each Term Loan Party or similar term as defined in any First Lien Term
Document, whether for principal, prepayment premium, interest, fees, 

  
 9 

 
expenses, indemnification or otherwise, and all other amounts owing or due under the terms of the First Lien Term Documents (including interest, fees, indemnification payments, expense
reimbursements and other amounts which, but for the filing of an Insolvency Proceeding with respect to such Term Loan Party, would have accrued on or been payable with respect to any First Lien Term Obligation, whether or not a claim is allowed or
allowable against such Term Loan Party for such interest, fees, indemnification payments, expense reimbursements and other amounts in the related Insolvency Proceeding), as the same may be Amended or Refinanced in whole or in part or otherwise
modified from time to time in accordance with the terms hereof and thereof. 
 “First Lien Term Secured
Parties” shall mean each First Lien Term Agent and all First Lien Term Lenders. 
 “Foreign
Borrower” means any Foreign Subsidiary that may become a party to the ABL Credit Agreement as a “Borrower” from time to time. 

“Foreign Subsidiary” means any Subsidiary that is organized under the laws of a jurisdiction other
than the United States of America or any State thereof or the District of Columbia. 
 “Governmental
Authority” shall mean the government of the United States or any other nation, or any political subdivision thereof, whether state, local, provincial, territorial or municipal and any agency, authority, instrumentality, regulatory body,
court, tribunal, 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). 
 “Indebtedness” shall mean (i) “Debt” as defined in the ABL
Credit Agreement and (ii) “Indebtedness” as defined in the Term Loan Credit Agreement, respectively and as applicable. 

“Insolvency Proceeding” shall mean, with respect to any Loan Party, (a) any case, action,
proposal, or proceeding before any court or other Governmental Authority relating to (or any corporate action or other procedure or step being taken in relation to) such Loan Party’s bankruptcy, reorganization, insolvency, liquidation,
receivership, dissolution, winding-up or relief of debtors (whether voluntary or involuntary), or (b) any general assignment for the benefit of its creditors, composition, marshalling of assets for its
creditors or other similar arrangement in respect of its creditors generally or any substantial portion of its creditors; in each case covered by clauses (a) and (b) undertaken under any Debtor Relief Laws. 

“Intellectual Property” means the collective reference to all rights, priorities and privileges
relating to intellectual property, whether arising under United States, multinational or foreign laws or otherwise, including, without limitation, the Copyrights, the Copyright Licenses, the Patents, the Patent Licenses, the Trademarks and the
Trademark Licenses, and all rights to sue at law or in equity for any infringement or other impairment thereof, including the right to receive all proceeds and damages therefrom. 

“Issuing Bank” shall have the meaning assigned to such term in the ABL Credit Agreement. 

“Lender(s)” means individually, the ABL Lenders or the Term Lenders and collectively means all of the
ABL Lenders and the Term Lenders. 
 “Letter of Credit” shall mean “Letter of Credit” as
defined in the ABL Credit Agreement. 

  
 10 

 “Licenses” means, with respect to any Person, all of
such Person’s right, title, and interest in and to (a) any and all licensing agreements or similar arrangements in and to its Patents, Copyrights, or Trademarks, (b) all income, royalties, damages, claims, and payments now or
hereafter due or payable under and with respect thereto, including, without limitation, damages and payments for past and future breaches thereof, and (c) all rights to sue for past, present, and future breaches thereof. 

“Lien” shall mean any mortgage, pledge, hypothecation, collateral assignment, encumbrance, lien
(statutory or other), charge or other security interest or any other security agreement of any kind or nature whatsoever (including any conditional sale or other title retention agreement and any capital lease having substantially the same economic
effect as any of the foregoing). 
 “Lien Priority” shall mean with respect to any Lien of the ABL
Secured Parties or the Term Secured Parties in the Collateral, the order of priority of such Lien as specified in Section 2.1. 

“Loan Parties” shall mean the ABL Loan Parties and the Term Loan Parties. 

“Non-US Loan Parties” any Foreign Borrower and/or any Foreign
Subsidiary that may from time to time guaranty the obligations under the ABL Credit Agreement. 
 “Non-US Loan Parties (Existing)” shall mean (a) CEQUENT UK LIMITED, a company incorporated in England and Wales with company number 08081641 (b) CEQUENT TOWING PRODUCTS OF CANADA LTD., a company
formed under the laws of the Province of Ontario, (c) CEQUENT NEDERLAND HOLDINGS B.V., a company formed under the laws of the Netherlands, (d) CEQUENT MEXICO HOLDINGS B.V., a company formed under the laws of the Netherlands,
(e) CEQUENT SALES COMPANY DE MEXICO, S. DE R.L. de C.V., a limited liability company formed under the laws of Mexico, and (f) CEQUENT ELECTRICAL PRODUCTS DE MEXICO, S. DE R.L. de C.V., a limited liability company formed under the laws of
Mexico. 
 “Non-US Loan Parties Restructuring” shall mean
the amendment, amendment and restatement, and/or other modification of the ABL Documents solely to implement (a) the addition of certain Non-US Loan Parties and (b) the granting of Liens in favor of
the ABL Secured Parties on certain assets of the Non-US Obligors and/or the ABL Loan Parties as security for the ABL Obligations as contemplated by the ABL Credit Agreement, such restructuring to include the
addition of terms and provisions and additional loan documentation for the Non-US Obligors as contemplated by the ABL Credit Agreement. 

“Patents” means, with respect to any Person, all of such Person’s right, title, and interest in
and to: (a) any and all patents and patent applications; (b) all inventions and improvements described and claimed therein; (c) all reissues, divisions, continuations, renewals, extensions, and continuations-in-part thereof; (d) all income, royalties, damages, claims, and payments now or hereafter due or payable under and with respect thereto, including, without limitation, damages and payments
for past and future infringements thereof; (e) all rights to sue for past, present, and future infringements thereof; and (f) all rights corresponding to any of the foregoing throughout the world. 

“Person” shall mean an individual, partnership, corporation, limited liability company, unlimited
liability company, business trust, joint stock company, trust, unincorporated association, joint venture, Governmental Authority or other entity of whatever nature. 

“Pledged Shares” shall mean any Equity Interests of, or other equity interests in, any Loan Party, any
Subsidiary thereof or any other Person, to the extent, in each case, constituting part of the Collateral. 

  
 11 

 “Priority Collateral” shall mean the ABL Priority
Collateral or the Term Priority Collateral, as applicable. 
 “Proceeds” shall mean (a) all
“proceeds,” as defined in Article 9 of the Uniform Commercial Code, with respect to the Collateral, and (b) whatever is recoverable or recovered when any Collateral is sold, exchanged, collected, or disposed of, whether voluntarily or
involuntarily. 
 “Property” shall mean any interest in any kind of property or asset, whether real,
personal or mixed, or tangible or intangible. 
 “Purchasing ABL Secured Parties” shall have the
meaning set forth in Section 5.4(a)(ii). 
 “Purchasing Term Secured Parties” shall have the
meaning set forth in Section 5.4(a)(i). 
 “Real Property” means any right, title or interest
in and to real property, including any fee interest, leasehold interest, easement, or license and any other right to use or occupy real property, including any right arising by contract. 

“Second Lien Term Agent” shall have the meaning set forth in the Preamble hereto. 

“Second Lien Term Collateral Documents” shall mean the Security Documents (as defined in the Second
Lien Term Loan Credit Agreement) and all security agreements, pledge agreements, hypothecs, charges, debentures, bailment agreements, account control agreements, freight forwarder and/or customs broker’s agreements, collateral access
agreements, mortgages, deeds of trust and other collateral documents executed and delivered in connection with the Second Lien Term Loan Credit Agreement, in each case as Amended or Refinanced or otherwise modified from time to time in accordance
with the terms hereof and thereof. 
 “Second Lien Term Documents” shall mean the Second Lien Term
Loan Credit Agreement, the Second Lien Term Guaranty, the Second Lien Term Collateral Documents and those other ancillary agreements to which any Second Lien Term Secured Party is a party or beneficiary and all other agreements, instruments,
documents and certificates, now or hereafter executed by or on behalf of any Term Loan Party or any of its respective Affiliates, and delivered to the applicable Second Lien Term Agent or any other Second Lien Term Secured Party, in connection with
any of the foregoing or any Second Lien Term Loan Credit Agreement, Second Lien Term Guaranty or the Second Lien Term Collateral Documents, in each case as the same may be Amended or Refinanced or otherwise modified from time to time in accordance
with the terms hereof and thereof. 
 “Second Lien Term Guaranty” shall mean the collective
reference to the guaranty agreements, if any, entered into by the Term Guarantors and any other guarantee of the Second Lien Term Obligations entered into in connection with an Amendment or Refinancing of the Second Lien Term Loan Credit Agreement.

 “Second Lien Term Loan Credit Agreement” shall have the meaning assigned to such term in the
recitals to this Agreement and any other agreements, indentures or facilities which Amend or Refinance all or any portion of the Second Lien Term Obligations under any then extant Second Lien Term Loan Credit Agreement (including, without
limitation, under any agreement with respect to Term DIP Financing provided by any or all of the Term Secured Parties, including any use, whether consensual or non-consensual, of cash collateral constituting
the Proceeds of the Term Priority Collateral), whether by the same or any other agent, lender or group of lenders; provided that at the time of any refinancing or replacement of the then extant Second Lien Term Loan Credit Agreement, the
Company shall have 

  
 12 

 
delivered to the ABL Agent an officer’s certificate certifying that such refinancing or replacement Second Lien Term Loan Credit Agreement is permitted to be incurred under the ABL Credit
Agreement and the First Lien Term Loan Agreement. 
 “Second Lien Term Obligations” shall mean all
obligations of every nature of each Term Loan Party from time to time owed to the Second Lien Term Secured Parties, or any of them, under any Second Lien Term Document, including, without limitation, all “Obligations” of each Term Loan
Party or similar term as defined in any Second Lien Term Document, whether for principal, prepayment premium, interest, fees, expenses, indemnification or otherwise, and all other amounts owing or due under the terms of the Second Lien Term
Documents (including interest, fees, indemnification payments, expense reimbursements and other amounts which, but for the filing of an Insolvency Proceeding with respect to such Term Loan Party, would have accrued on or been payable with respect to
any Second Lien Term Obligation, whether or not a claim is allowed or allowable against such Term Loan Party for such interest, fees, indemnification payments, expense reimbursements and other amounts in the related Insolvency Proceeding), as the
same may be Amended or Refinanced in whole or in part or otherwise modified from time to time in accordance with the terms hereof and thereof. 

“Second Lien Term Secured Parties” shall mean each Second Lien Term Agent and all Second Lien Term
Lenders. 
 “Secured Bank Product Obligations” shall have the meaning assigned to such term in the
ABL Credit Agreement. 
 “Secured Parties” shall mean the ABL Secured Parties and the Term Secured
Parties. 
 “Subsidiary” of a Person means a corporation, partnership, joint venture, limited
liability company, unlimited liability company or other business entity of which a majority of the shares of Equity Interests having ordinary voting power for the election of directors or other governing body are at the time beneficially owned, or
the management of which is otherwise controlled, directly, or indirectly through one or more intermediaries, or both, by such Person. Unless otherwise specified, all references herein to a “Subsidiary” or to “Subsidiaries” shall
refer to a Subsidiary or Subsidiaries of a Loan Party. 
 “Term Agents” shall have the meaning set
forth in the Preamble hereto. 
 “Term Collateral Documents” shall mean the First Lien Term
Collateral Document and the Second Lien Term Collateral Documents. 
 “Term Collateral Proceeds
Account” shall mean the deposit account identified in writing to the ABL Agent from time to time in the name of any Designated Term Agent or the Company which contains (or was established to contain) only Proceeds of Term Priority
Collateral. 
 “Term DIP Financing” shall have the meaning set forth in Section 6.1(b). 

“Term Documents” shall mean the First Lien Term Loan Documents and the Second Lien Term Loan
Documents. 
 “Term Guarantors” shall mean the collective reference to each direct or indirect
Subsidiary or direct or indirect parent of the Term Loan Borrower who is or becomes a guarantor under any Term Guaranty with respect to the Term Loan Borrowers’ Term Obligations. 

“Term Guaranty” shall mean the First Lien Term Guaranty and the Second Lien Term Guaranty. 

  
 13 

 “Term Lender Intercreditor Agreement” shall mean
that certain Term Lender Intercreditor Agreement dated as of the date hereof by and between the First Lien Term Agent and the Second Lien Term Agent, as amended, supplemented or replaced from time to time. 

“Term Lenders” shall mean the First Lien Term Lenders and the Second Lien Term Lenders. 

“Term Loan Credit Agreements” shall mean the First Lien Term Loan Credit Agreement and the Second Lien
Term Loan Credit Agreement. 
 “Term Loan Borrower” shall have the meaning assigned to that term in
the recitals to this Agreement. 
 “Term Loan Parties” shall have the meaning assigned to that term
in the recitals to this Agreement. 
 “Term Obligations” shall mean the First Lien Term Obligations
and the Second Lien Term Obligations. 
 “Term Priority Collateral” shall mean all Collateral, other
than ABL Priority Collateral, including the following: 

(1)        Pledged Shares; 

(2)        Equipment; 

(3)        Intellectual Property; 

(4)        Real Property; 

(5)        Payment intangibles of, and promissory notes in favor of,
any Term Loan Party (other than payments in respect of business interruption insurance constituting ABL Priority Collateral); 

(6)        all Goods other than Inventory; 

(7)        General intangibles, including goodwill, not constituting
ABL Priority Collateral; 
 (8)        the Term Collateral Proceeds
Account; provided, however, that to the extent that identifiable Proceeds of ABL Priority Collateral are deposited into such account, any such identifiable Proceeds shall be treated as ABL Priority Collateral; 

(9)        all specifically identifiable Proceeds of Term Priority
Collateral contained in any Deposit Account (other than the Term Collateral Proceeds Account), Securities Account or Commodity Account; 

(10)        tax refunds or rebates; 

(11)        all Documents, Instruments, Chattel Paper (including
Tangible Chattel Paper and Electronic Chattel Paper), Letters of Credit Rights, Commercial Tort Claims, and books and Records, in each case relating to the items referred to in the preceding clauses (including all books,

  
 14 

 
databases, and Records, whether tangible or electronic, which contain any information relating to any of the items referred to in the preceding clauses); 

(12)        to the extent not otherwise included, all Proceeds
(including all insurance proceeds), Supporting Obligations and products of any of the foregoing described in clauses (1) through (11) and all collateral security and guarantees with respect to any of the foregoing; and 

(13)        all other Collateral other than ABL Priority Collateral.

 “Term Recovery” shall have the meaning set forth in Section 5.3(b). 

“Term Standstill Period” shall have the meaning set forth in Section 2.3(a). 

“Term Secured Parties” means, collectively, the First Lien Term Secured Parties and the Second Lien
Term Secured Parties. 
 “Trademarks” means, with respect to any Person, all of such Person’s
right, title, and interest in and to the following: (a) all trademarks (including service marks), trade names, trade dress, and trade styles and the registrations and applications for registration thereof and the goodwill of the business
symbolized by the foregoing; (b) all licenses of the foregoing, whether as licensee or licensor; (c) all renewals of the foregoing; (d) all income, royalties, damages, and payments now or hereafter due or payable with respect thereto,
including, without limitation, damages, claims, and payments for past and future infringements thereof; (e) all rights to sue for past, present, and future infringements of the foregoing, including the right to settle suits involving claims and
demands for royalties owing; and (f) all rights corresponding to any of the foregoing throughout the world. 

“Uniform Commercial Code” shall mean the Uniform Commercial Code as the same may, from time to time,
be in effect in the State of New York; provided that to the extent that the Uniform Commercial Code is used to define any term in any security document and such term is defined differently in differing Articles of the Uniform Commercial Code,
the definition of such term contained in Article 9 shall govern; provided further that in the event that, by reason of mandatory provisions of law, any or all of the attachment, perfection, publication or priority of, or remedies with
respect to, Liens of any party is governed by the Uniform Commercial Code or foreign personal property security laws as enacted and in effect in a jurisdiction other than the State of New York, the term “Uniform Commercial Code” will mean
the Uniform Commercial Code or such foreign personal property security laws as enacted and in effect in such other jurisdiction solely for purposes of the provisions thereof relating to such attachment, perfection, priority or remedies and for
purposes of definitions related to such provisions. 
 “Use Period” means, with respect to each
parcel or item of Term Priority Collateral, the period, following the commencement of any Exercise of Any Secured Creditor Remedies, which begins on the earlier of (a) the day on which the ABL Agent provides the Designated Term Agent with the
notice of its election to request access to such parcel or item of Term Priority Collateral pursuant to Section 3.5(b) and (b) the fifth Business Day after the Designated Term Agent provides the ABL Agent with notice that the any Term
Agent (or its agent) has obtained possession or control of such parcel or item of Term Priority Collateral and ends on the earliest of (i) the day which is 180 days after the date on which the ABL Agent initially obtains the ability to take
physical possession of, remove or otherwise control physical access to, or actually uses, such parcel or item of Term Priority Collateral, plus such number of days, if any, during such 180 day period that it is stayed or otherwise prohibited by law
or court order from exercising remedies with respect to associated ABL Priority Collateral, (ii) the date on which (A) all or substantially all of the ABL Priority Collateral associated with such parcel or item of Term Priority Collateral
is sold, collected or liquidated or (B) the ABL Agent has abandoned the ABL Priority Collateral at such parcel or permanently 

  
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ceases efforts to liquidate, complete, sell, prepare for sale, store or otherwise exercise the rights provided under Section 3.5(b) with respect to the ABL Priority Collateral with respect
to any item or parcel of Term Priority Collateral and confirms in writing such facts to the Designated Term Agent (or fails to respond within ten (10) Business Days to a written request from the Designated Term Agent to so confirm) or,
(iii) the Discharge of ABL Obligations and (iv) the date on which the default which resulted in such Exercise of Any Secured Creditor Remedies has been waived in writing. 

Section 1.3        Rules of Construction.
Unless the context of this Agreement clearly requires otherwise, references to the plural include the singular, references to the singular include the plural, the term “including” is not limiting and shall be deemed to be followed by the
phrase “without limitation,” and the term “or” has, except where otherwise indicated, the inclusive meaning represented by the phrase “and/or.” The words “hereof,” “herein,” “hereby,”
“hereunder,” and similar terms in this Agreement refer to this Agreement as a whole and not to any particular provision of this Agreement. Article, section, subsection, clause, schedule and exhibit references herein are to this Agreement
unless otherwise specified. Any reference in this Agreement to any agreement, instrument, or document shall include all alterations, Amendments or Refinancings, changes, restatements, extensions, modifications, renewals, replacements, substitutions,
joinders, and supplements thereto and thereof, as applicable (subject to any restrictions on such alterations, Amendments and Refinancings, changes, restatements, extensions, modifications, renewals, replacements, substitutions, joinders, and
supplements set forth herein). Any reference herein to any Person shall be construed to include such Person’s successors and assigns. Any reference herein to the repayment in full of an obligation shall mean the payment in full in cash of such
obligation, or in such other manner as may be approved in writing by the requisite holders or representatives in respect of such obligation. Any reference herein to a time of day means Eastern time. Any term referenced herein by cross-reference to a
defined term in the ABL Credit Agreement shall be deemed to be a cross-reference to a defined term in the ABL Credit Agreement or the same or comparable term in any other ABL Credit Agreement. Any term referenced herein by cross-reference to a
defined term in the Term Loan Credit Agreement shall be deemed to be a cross-reference to a defined term in the Term Loan Credit Agreement or the same or comparable term in any other Term Loan Credit Agreement. 

ARTICLE 2 
 LIEN
PRIORITY 
 Section 2.1        Priority of Liens. 

(a)        Notwithstanding (i) the date, time, method, manner, or order of
grant, attachment, or perfection of, or any defect or deficiency in, or failure to perfect, any Liens granted to the ABL Secured Parties in respect of all or any portion of the Collateral or any Liens granted to the Term Secured Parties in respect
of all or any portion of the Collateral and regardless of how any such Lien was acquired (whether by grant, statute, operation of law, subrogation or otherwise), (ii) the order or time of filing or recordation of any document or instrument for
perfecting the Liens in favor of the ABL Agent for the benefit of the ABL Secured Parties or any Term Agent for the benefit of the Term Secured Parties in any Collateral, (iii) any provision of the Uniform Commercial Code, Debtor Relief Laws or
any other applicable law, or of the ABL Documents or the Term Documents, (iv) whether the ABL Agent or any Term Agent, in each case, either directly or through agents, holds possession of, or has control over, all or any part of the Collateral,
(v) the date on which the ABL Obligations or the Term Obligations are advanced or made available to the Loan Parties, or (vi) any failure of the ABL Agent or any Term Agent to perfect its Lien in the Collateral, the subordination of any
Lien on the Collateral securing any ABL Obligations or Term Obligations, as applicable, to any Lien securing any other obligation of any Borrower or Term Guarantor, or the avoidance, invalidation or lapse of any Lien on the Collateral securing any
ABL Obligations or Term Obligations, the ABL Agent, on behalf of itself and the ABL Secured Parties, and each Term Agent, on behalf of itself and 

  
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the applicable Term Secured Parties, hereby agree that the following priorities apply to the Liens upon and right to payment from Proceeds of the ABL Priority Collateral and the Term Priority
Collateral: 
 (1)        any Lien on the ABL Priority Collateral
securing any ABL Obligations now or hereafter held by or on behalf of the ABL Agent or any ABL Secured Party or any agent or trustee therefor, regardless of how acquired, whether by grant, possession, statute, operation of law, subrogation or
otherwise, shall be senior in all respects and prior to any Lien now or hereafter held by any Term Secured Party on the ABL Priority Collateral securing any Term Obligations; and 

(2)        any Lien on the Term Priority Collateral securing any Term
Obligations now or hereafter held by or on behalf of any Term Agent, any Term Secured Party or any agent or trustee therefor, regardless of how acquired, whether by grant, possession, statute, operation of law, subrogation or otherwise, shall be
senior in all respects and prior to any Liens now or hereafter held by the ABL Secured Parties on the Term Priority Collateral securing any ABL Obligations. 

(b)        Each Term Agent, for and on behalf of itself and the applicable Term
Secured Parties, acknowledges and agrees that, concurrently herewith, the ABL Agent, for the benefit of itself and the other ABL Secured Parties, has been, or may be, granted Liens upon all of the Term Priority Collateral and each Term Agent hereby
consents thereto. The ABL Agent, for and on behalf of itself and the ABL Secured Parties, acknowledges and agrees that, concurrently herewith, each Term Agent, for the benefit of itself and the other Term Secured Parties represented by it, has been,
or may be, granted Liens upon all of the ABL Priority Collateral and the ABL Agent hereby consents thereto. The subordination of Liens by each Term Agent and the ABL Agent in favor of one another as set forth herein shall not be deemed to
subordinate any Term Agent’s Liens or the ABL Agent’s Liens to the Liens of any other Person. 

Section 2.2        Waiver of Right to Contest Liens. 

(a)        Each Term Agent, for and on behalf of itself and the applicable Term
Secured Parties, agrees that it and they shall not (and hereby waives any right to) take any action to contest or challenge (or assist or support any other Person in contesting or challenging), directly or indirectly, whether or not in any
proceeding (including in any Insolvency Proceeding), the validity, priority, enforceability, or perfection of the Liens of the ABL Agent and the ABL Secured Parties in respect of the Collateral or the provisions of this Agreement. Each Term Agent,
for itself and on behalf of the applicable Term Secured Parties, agrees that none of the Term Agents or the Term Secured Parties will take any action that would interfere with any Exercise of Secured Creditor Remedies undertaken by the ABL Agent or
any ABL Secured Party under the ABL Documents with respect to the ABL Priority Collateral. Each Term Agent, for itself and on behalf of the applicable Term Secured Parties, hereby waives any and all rights it or the Term Secured Parties may have as
a junior lien creditor or otherwise to contest, protest, object to, or interfere with the manner in which the ABL Agent or any ABL Lender seeks to enforce its Liens in any ABL Priority Collateral. The foregoing shall not be construed to prohibit any
Term Agent from enforcing the provisions of this Agreement or otherwise acting in accordance with this Agreement. 

(b)        The ABL Agent, for and on behalf of itself and the ABL Secured Parties,
agrees that it shall not (and hereby waives any right to) take any action to contest or challenge (or assist or support any other Person in contesting or challenging), directly or indirectly, whether or not in any proceeding (including in any
Insolvency Proceeding), the validity, priority, enforceability, or perfection of the Liens of any Term Agent or any Term Secured Parties in respect of the Collateral or the provisions of this Agreement. Except to the extent expressly set forth in
Section 3.5 of this Agreement, the ABL Agent, for 

  
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itself and on behalf of the ABL Secured Parties, agrees that none of the ABL Agent or the ABL Secured Parties will take any action that would interfere with any Exercise of Secured Creditor
Remedies undertaken by any Term Agent under the Term Documents with respect to the Term Priority Collateral. The ABL Agent, for itself and on behalf of the ABL Secured Parties, hereby waives any and all rights it or the ABL Secured Parties may have
as a junior lien creditor or otherwise to contest, protest, object to, or interfere with the manner in which any Term Agent seeks to enforce its Liens in any Term Priority Collateral. The foregoing shall not be construed to prohibit the ABL Agent
from enforcing the provisions of this Agreement or otherwise acting in accordance with this Agreement. 

Section 2.3        Remedies Standstill. 

(a)        Each Term Agent, on behalf of itself and the applicable Term Secured
Parties, agrees that, from the date hereof until the date upon which the Discharge of ABL Obligations shall have occurred, no Term Agent nor any Term Secured Party will Exercise Any Secured Creditor Remedies with respect to any of the ABL Priority
Collateral; provided, however, that the Designated Term Agent or any person authorized by it may Exercise Any Secured Creditor Remedies with respect to any ABL Priority Collateral (but not rights the exercise of which is otherwise
prohibited by this Agreement including Article 6 hereof) after a period (the “Term Standstill Period”) of 180 consecutive days has elapsed from the date of delivery of written notice from the Designated Term Agent to the ABL Agent stating that (i) an Event of Default (as defined under the applicable Term Documents) has occurred and is continuing thereunder, (ii) the Term Obligations under the Term
Documents are currently due and payable in full (whether as a result of acceleration thereof or otherwise) in accordance with the terms of such Term Documents, and (iii) the Designated Term Agent intends to exercise its rights to the Exercise
of Secured Creditor Remedies; provided, further, that the Term Agents shall not be entitled to Exercise Any Secured Creditor Remedies with respect to any ABL Priority Collateral in the event (x) the ABL Agent or any ABL Secured
Parties are then diligently pursuing their rights and remedies with respect to all or a material portion of the ABL Priority Collateral or diligently attempting to vacate any stay or prohibition against such exercise or (y) a Loan Party is then
a debtor under or with respect to (or otherwise subject to) any Insolvency Proceeding. From and after the date that is the earlier of (x) the date upon which the Discharge of ABL Obligations shall have occurred and (y) the date the Term
Standstill Period shall have expired (subject to the second proviso in the preceding sentence), any Term Agent may Exercise Any Secured Creditor Remedies under the Term Documents or applicable law as to any ABL Priority Collateral; provided,
however, that any Exercise of Secured Creditor Remedies with respect to any ABL Priority Collateral by any Term Agent is at all times subject to the provisions of this Agreement, including the provisions of Section 4.1. 

(b)        The ABL Agent, on behalf of itself and the ABL Secured Parties, agrees
that, from the date hereof until the date upon which the Discharge of Term Obligations shall have occurred, neither the ABL Agent nor any ABL Secured Party will Exercise Any Secured Creditor Remedies with respect to any of the Term Priority
Collateral; provided, however, that the ABL Agent may Exercise Any Secured Creditor Remedies with respect to any Term Priority Collateral (but not rights the exercise of which is otherwise prohibited by this Agreement including Article
6 hereof) after a period (the “ABL Standstill Period”) of 180 consecutive days has elapsed from the date of delivery of written notice from the ABL Agent to each Term Agent stating that (i) an Event of Default (as
defined under the applicable ABL Documents) has occurred and is continuing thereunder, (ii) the ABL Obligations under such ABL Documents are currently due and payable in full (whether as a result of acceleration thereof or otherwise) in
accordance with the terms of such ABL Documents, and (iii) the ABL Agent intends to exercise its rights to the Exercise of Secured Creditor Remedies; provided, further, that the ABL Agent shall not be entitled to Exercise Any
Secured Creditor Remedies with respect to any Term Priority Collateral in the event (x) any Term Agent or any Term Secured Parties are then diligently pursuing their rights and remedies with respect to all or a material portion of the Term
Priority Collateral or diligently attempting to vacate any stay 

  
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or prohibition against such exercise or (y) a Loan Party is then a debtor under or with respect to (or otherwise subject to ) any Insolvency Proceeding. From and after the date that is the
earlier of (A) the date upon which the Discharge of Term Obligations shall have occurred and (B) the date the ABL Standstill Period shall have expired (subject to the second proviso in the preceding sentence), the ABL Agent or any ABL
Secured Party may Exercise Any Secured Creditor Remedies under the ABL Documents or applicable law as to any Term Priority Collateral; provided, however, that any Exercise of Secured Creditor Remedies with respect to any Term Priority
Collateral by the ABL Agent or the ABL Secured Parties is at all times subject to the provisions of this Agreement, including the provisions of Section 4.1. 

(c)        Notwithstanding the provisions of Sections 2.3(a), 2.3(b) or any other
provision of this Agreement, nothing contained herein shall be construed to prevent any Agent or any Secured Party from (i) filing a claim or statement of interest with respect to the ABL Obligations or Term Obligations owed to it in any
Insolvency Proceeding commenced by or against any Loan Party, (ii) taking any action (not adverse to the Lien Priority of the Liens of the other Agent or other Secured Parties on the Collateral in which such other Agent or other Secured Party
has a priority Lien or the rights of the other Agent or any of the other Secured Parties to Exercise Any Secured Creditor Remedies in respect thereof) in order to create, perfect, preserve or protect (but not enforce) its Lien on any Collateral,
(iii) filing any necessary or responsive pleadings in opposition to any motion, adversary proceeding or other pleading filed by any Person objecting to or otherwise seeking disallowance of the claim or Lien of such Agent or Secured Party,
(iv) filing any pleadings, objections, motions, or agreements which assert rights available to unsecured creditors of the Loan Parties arising under any Insolvency Proceeding or applicable non-bankruptcy
law to the extent not inconsistent with the terms of this Agreement, (v) Subject to Section 6.11, voting on any plan of reorganization or filing any proof of claim in any Insolvency Proceeding of any Loan Party, or
(vi) bidding for and purchasing Collateral at any private or judicial foreclosure sale of such Collateral initiated by the applicable Agent (so long as such bid is subject to the limitations on credit bidding set forth in
Section 6.4(a) and Section 6.4(b)), in each case (i) through (vi) above to the extent not inconsistent with the terms of this Agreement. 

Section 2.4        Exercise of Rights. 

(a)        No Other Restrictions. The ABL Agent may enforce the provisions of
the ABL Documents, each Term Agent may enforce the provisions of the applicable Term Documents and each may Exercise Any Secured Creditor Remedies, all in such order and in such manner as each may determine in the exercise of its sole discretion,
consistent with the terms of this Agreement; provided, however, that each of the ABL Agent and each Term Agent agrees to provide to the other (x) an Enforcement Notice prior to the commencement of an Exercise of Secured Creditor
Remedies and (y) copies of any notices that it is required under applicable law to deliver to any Loan Party; provided further, however, that the ABL Agent’s failure to provide any such copies to each Term Agent shall
not impair any of the ABL Agent’s rights hereunder or under any of the ABL Documents and any Term Agent’s failure to provide any such copies to the ABL Agent shall not impair any of such Term Agent’s rights hereunder or under any of
the applicable Term Documents. Each of the Term Agents (on behalf of itself and the applicable Term Secured Parties) and the ABL Agent (on behalf of itself and the ABL Secured Parties) agrees (i) that it will not institute any suit or other
proceeding or assert in any suit, Insolvency Proceeding or other proceeding any claim, in the case of each of the Term Agents and the applicable Term Secured Parties, against the ABL Agent or any other ABL Secured Party, and in the case of the ABL
Agent and each other ABL Secured Party, against the Term Agents or any other Term Secured Party, seeking damages from or other relief by way of specific performance, instructions or otherwise, with respect to, any action taken or omitted to be taken
by such Person with respect to the Collateral which is consistent with the terms of this Agreement, and none of such parties shall be liable for any such action taken or omitted to be taken, or (ii) without the other Agent’s prior

  
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written consent, it will not be a petitioning creditor or otherwise assist in the filing of an involuntary Insolvency Proceeding. 

(b)        Release of Liens. 

(i)        In the event of (A) any private or public sale of all or any portion
of the ABL Priority Collateral in connection with any Exercise of Secured Creditor Remedies by the ABL Agent or any Disposition by the ABL Loan Parties with the consent of the ABL Agent while an Event of Default under the ABL Documents has occurred
and is continuing (so long as the proceeds of such sale or Disposition are applied in accordance with Section 4.1(b)), or (B) any sale, transfer or other Disposition of all or any portion of the ABL Priority Collateral
(other than in connection with an Amendment or Refinancing as described in Section 5.2(c)), so long as such sale, transfer or other Disposition is then permitted by the ABL Documents and the Term Documents or consented to
by the requisite ABL Lenders and the requisite Term Lenders, as applicable, each Term Agent agrees, on behalf of itself and the applicable Term Secured Parties that such sale, transfer or other Disposition will be free and clear of the Liens on such
ABL Priority Collateral securing the applicable Term Obligations, and such Term Agent’s and the applicable Term Secured Parties’ Liens with respect to the ABL Priority Collateral so sold, transferred, or disposed shall terminate and be
automatically released without further action concurrently with, and to the same extent as, the release of the ABL Secured Parties’ Liens on such ABL Priority Collateral; provided, that the Liens of the parties shall attach to the
Proceeds of any such Disposition of the ABL Priority Collateral with the same relative priority as the Liens which attached to the ABL Priority Collateral so released. In furtherance of, and subject to, the foregoing, each Term Agent agrees that it
will promptly execute and deliver any and all Lien releases or other documents reasonably requested by the ABL Agent in connection therewith. 

(ii)        In the event of (A) any private or public sale of all or any portion
of the Term Priority Collateral in connection with any Exercise of Secured Creditor Remedies by any Term Agent or any Disposition by the Term Loan Parties with the consent of the applicable Term Agent while an Event of Default under the Term
Documents has occurred and is continuing (so long as the proceeds of such sale or Disposition are applied in accordance with Section 4.1(c)), or (B) any sale, transfer or other Disposition of all or any portion of the
Term Priority Collateral (other than in connection with an Amendment or Refinancing as described in Section 5.2(c)), so long as such sale, transfer or other Disposition is then permitted by the applicable Term Documents and
the ABL Documents or consented to by the requisite applicable Term Lenders and the requisite ABL Lenders, as applicable, the ABL Agent agrees, on behalf of itself and the ABL Lenders, that such sale, transfer or Disposition will be free and clear of
the Liens on such Term Priority Collateral securing the ABL Obligations and the ABL Agent’s and the ABL Secured Parties’ Liens with respect to the Term Priority Collateral so sold, transferred, or disposed shall terminate and be
automatically released without further action concurrently with, and to the same extent as, the release of the applicable Term Secured Parties’ Liens on such Term Priority Collateral; provided, that the Liens of the parties shall attach
to the Proceeds of any such Disposition of the Term Priority Collateral with the same relative priority as the Liens which attached to the Term Priority Collateral so released. In furtherance of, and subject to, the foregoing, the ABL Agent agrees
that it will promptly execute and deliver any and all Lien releases or other documents reasonably requested by the applicable Term Agent in connection therewith. 

Section 2.5        No New Liens. 

(a)        Subject to Article 6, until the Discharge of ABL Obligations, and for so
long as the Term Obligations are secured by any ABL Priority Collateral, the parties hereto agree that no Loan Party shall grant any Lien on any assets of any Loan Party securing any Term Obligation which assets are

  
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not also subject to the Lien of the ABL Agent under the ABL Documents. If any Term Secured Party shall nonetheless acquire or hold any Lien on any assets of any Loan Party securing any Term
Obligation which assets are not also subject to the Lien of the ABL Agent under the ABL Documents, then the applicable Term Agent (or the relevant Term Secured Party) shall, without the need for any further consent of any other Term Secured Party or
any Term Loan Party and notwithstanding anything to the contrary in any other Term Document, be deemed to also hold and have held such Lien as agent or bailee for the benefit of the ABL Agent as security for the ABL Obligations (subject to the Lien
Priority and other terms hereof) and shall promptly notify the ABL Agent in writing of the existence of such Lien. 

(b)        Subject to Article 6 and the proviso at the end of this sentence, until
the Discharge of Term Obligations, and for so long as the ABL Obligations are secured by any Term Priority Collateral, the parties hereto agree that no Loan Party shall grant any Lien on any of its assets securing any ABL Obligation which assets are
not also subject to the Lien of each Term Agent under the applicable Term Documents; provided, that, the parties acknowledge and agree that prior to the date of this agreement, Non-US Loan
Parties (Existing) previously granted Liens on assets of such Non-US Loan Parties (Existing) to secure the ABL Obligations and such prior grant of Liens shall not be deemed to be a violation of this
Section 2.5(a). If any ABL Secured Party shall nonetheless acquire or hold any Lien on any assets of any such Loan Party (other than Non-US Loan Parties (Existing)) securing any ABL Obligation which
assets are not also subject to the Lien of each Term Agent under the applicable Term Documents, then the ABL Agent (or the relevant ABL Secured Party) shall, without the need for any further consent of any other ABL Secured Party or any ABL Loan
Party and notwithstanding anything to the contrary in any other ABL Document, be deemed to also hold and have held such Lien as agent or bailee for the benefit of each Term Agent as security for the Term Obligations (subject to the Lien Priority and
other terms hereof) and shall promptly notify each Term Agent in writing of the existence of such Lien. 

(c)        Each of the Secured Parties acknowledges and agrees that the Agents and
Secured Parties may obtain Liens on certain of the assets of Non-US Loan Parties (including Equity Interests owned by such Non-US Loan Parties) which assets will not
constitute Collateral for purposes of this Agreement if the applicable Loan Party is not both an ABL Loan Party and a Term Loan Party. 

Section 2.6        Waiver of Marshalling. 

(a)        Until the Discharge of ABL Obligations, each Term Agent, on behalf of
itself and the applicable Term Secured Parties, agrees not to assert and hereby waives, to the fullest extent permitted by law, any right to demand, request, plead or otherwise assert or otherwise claim the benefit of, any marshalling, appraisal,
valuation or other similar right that may otherwise be available under applicable law with respect to the ABL Priority Collateral or any other similar rights a junior secured creditor may have under applicable law. 

(b)        Until the Discharge of Term Obligations, the ABL Agent, on behalf of
itself and the ABL Secured Parties, agrees not to assert and hereby waives, to the fullest extent permitted by law, any right to demand, request, plead or otherwise assert or otherwise claim the benefit of, any marshalling, appraisal, valuation or
other similar right that may otherwise be available under applicable law with respect to the Term Priority Collateral or any other similar rights a junior secured creditor may have under applicable law. 

  
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 ARTICLE 3 

ACTIONS OF THE PARTIES 

Section 3.1        Certain Actions Permitted.
Each Term Agent and the ABL Agent may make such demands or file such claims in respect of the Term Obligations or the ABL Obligations, as applicable, as are necessary to prevent the waiver or bar of such claims under applicable statutes of
limitations or other statutes, court orders, or rules of procedure at any time; provided that any judgment lien obtained in connection with such action shall be subject to the terms of this Agreement. 

Section 3.2         Agent for Perfection. 

(a)        The ABL Agent, for and on behalf of itself and each ABL Secured Party, and
each Term Agent, for and on behalf of itself and each applicable Term Secured Party, as applicable, each agrees to hold all Collateral in its respective possession, custody, or control (including as defined in Sections
9-104, 9-105, 9-106, 9-107 and 8-106 of the UCC)
(or in the possession, custody, or control of agents or bailees for either) as agent for each other Agent solely for the purpose of perfecting the security interest granted to each in such Collateral, subject to the terms and conditions of this
Section 3.2. The ABL Agent agrees to act as agent of each Term Agent for and on behalf of itself and each applicable Term Secured Party under each ABL Deposit and Security Account solely for the purpose of perfection of each applicable Term
Secured Parties’ security interest therein. In furtherance thereof, (i) each Term Agent and the Term Secured Parties hereby appoint the ABL Agent as their agent for the purposes of perfecting their security interest in all ABL Deposit and
Security Accounts of any ABL Loan Party and the ABL Agent hereby accepts such appointment and acknowledges and agrees that it shall act for the benefit of each Term Agent and the other Term Secured Parties under each control agreement and
(ii) each ABL Loan Party hereby grants a security interest to the ABL Agent for the benefit of the Term Secured Parties in all ABL Deposit and Security Accounts as security for the Term Obligations. Each Term Agent agrees to act as agent of the
ABL Agent for and on behalf of itself and each ABL Secured Party under the Term Collateral Proceeds Account solely for the purpose of perfection of each applicable ABL Secured Parties’ security interest therein. In furtherance thereof,
(i) the ABL Agent and the ABL Secured Parties hereby appoint each Term Agent as their agent for the purposes of perfecting their security interest in the Term Collateral Proceeds Account and each Term Agent hereby accepts such appointment and
acknowledges and agrees that it shall act for the benefit of the ABL Agent and the other ABL Secured Parties under each control agreement and (ii) each Term Loan Party hereby grants a security interest to each Term Agent for the benefit of the
ABL Secured Parties in the Term Collateral Proceeds Account as security for the ABL Obligations. None of the ABL Agent, the other ABL Secured Parties, the Term Agents, or the other Term Secured Parties, as applicable, shall have any obligation
whatsoever to the others to assure that the Collateral is genuine or owned by any Loan Party or any other Person or to preserve rights or benefits of any Person. The duties or responsibilities of the ABL Agent and each Term Agent under this
Section 3.2 are and shall be limited solely to holding or maintaining control of the Control Collateral as agent for the other party for purposes of perfecting the Lien held by each Term Agent or the ABL Agent, as applicable. The ABL Agent is
not and shall not be deemed to be a fiduciary of any kind for the Term Secured Parties or any other Person. Each Term Agent is not and shall not be deemed to be a fiduciary of any kind for the ABL Secured Parties, or any other Person. Each Agent,
for itself and on behalf of each Secured Party represented by it, hereby waives and releases each other Agent from all claims and liabilities arising pursuant to its role under this Section 3.2 as agent and bailee with respect to the
Collateral. Without limiting the generality of the foregoing, (A) other than as set forth in Section 3.6(b), the ABL Secured Parties shall not be obligated to ensure or otherwise see to the application of any Proceeds of the Term Priority
Collateral deposited into any ABL Deposit and Security Account or be answerable in any way for the misapplication thereof and (B) other than as set forth in Section 3.6(c), the Term Secured Parties shall not be obligated to ensure or

  
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otherwise see to the application of any Proceeds of the ABL Priority Collateral deposited into the Term Collateral Proceeds Account or be answerable in any way for the misapplication thereof.

 (b)        The ABL Agent agrees on behalf of itself and the other ABL Secured
Parties that all mortgages, deeds of trust, deeds and similar instruments (collectively, “mortgages”) now or thereafter filed against Real Property in favor of or for the benefit of the ABL Agent shall contain the following notation:
“The lien created by this mortgage on the property described herein is junior and subordinate to the lien on such property created by any mortgage, deed of trust or similar instrument now or hereafter granted to JPMorgan Chase Bank, N.A., as
First Lien Term Agent, or Cortland Capital Market Services LLC, as Second Lien Term Agent, in accordance with the provisions of the Amended and Restated Intercreditor Agreement dated as of March 15, 2019, as amended from time to time.”

 Section 3.3        Insurance. Proceeds of
Collateral include insurance proceeds and, therefore, the Lien Priority shall govern the ultimate disposition of casualty insurance proceeds. The ABL Agent and each Term Agent shall each be named as additional insured or lender loss payee, as
applicable, with respect to all insurance policies relating to the Collateral as set forth in the ABL Credit Agreement or any Term Loan Credit Agreement, as applicable. Until Discharge of ABL Obligations, the ABL Agent shall have the sole and
exclusive right, as against each Term Agent, to adjust settlement of insurance claims in the event of any covered loss, theft or destruction of ABL Priority Collateral and take other such actions with respect to insurance covering the ABL Priority
Collateral as set forth in the ABL Credit Agreement. Until Discharge of the Term Obligations, the Term Agents shall have the sole and exclusive right, as against the ABL Agent, to adjust settlement of insurance claims in the event of any covered
loss, theft or destruction of Term Priority Collateral and take other such actions with respect to insurance covering the Term Priority Collateral as set forth in the Term Documents. To the extent that an insured claim covers both ABL Priority
Collateral and Term Priority Collateral, then the ABL Agent and each Term Agent will work jointly and in good faith to collect, adjust and/or settle under the insurance policy, as applicable. If the parties are unable after negotiating in good faith
to agree on the collection, adjustment or settlement for such claim and the insurer will not settle such claim separately with respect to ABL Priority Collateral and Term Priority Collateral, either party may apply to a court of competent
jurisdiction to make a determination as to the settlement of such claim, and the court’s determination shall be binding upon the parties. All proceeds of such insurance shall be remitted to the ABL Agent or the Designated Term Agent, as the
case may be, and each of the Term Agents and ABL Agent shall cooperate (if necessary) in a reasonable manner in effecting the payment of insurance proceeds in accordance with Section 4.1 hereof. 

Section 3.4        No Additional Rights For the Loan
Parties Hereunder. If any ABL Secured Party or Term Secured Party shall enforce its rights or remedies in violation of the terms of this Agreement, the Loan Parties shall not be entitled to use such violation as a defense to any action by
any ABL Secured Party or Term Secured Party, nor to assert such violation as a counterclaim or basis for set off or recoupment against any ABL Secured Party or Term Secured Party. 

Section 3.5        Inspection and Access Rights. 

(a)        In the event that the ABL Agent shall, in the exercise of its rights under
the ABL Documents or otherwise, receive possession or control of any books and Records of any Loan Party which contain information identifying or pertaining to the Term Priority Collateral, the ABL Agent shall, upon request from any Term Agent and
as promptly as practicable thereafter, either make available to such Term Agent such books and records for inspection and duplication or provide to such Term Agent copies thereof. In the event that any Term Agent shall, in the exercise of its rights
under the Term Documents or otherwise, receive possession or control of any books and records of any Loan Party which contain information identifying or pertaining to any of the ABL Priority Collateral, such Term Agent shall, upon request from

  
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the ABL Agent and as promptly as practicable thereafter, either make available to the ABL Agent such books and records for inspection and duplication or provide the ABL Agent copies thereof. Each
Term Agent hereby irrevocably grants the ABL Agent a non-exclusive worldwide license and/or right, to the maximum extent permitted by applicable law, exercisable without payment of royalty or other
compensation, to use, license or sublicense any of the Intellectual Property (including the right to access to all media in which any of the Intellectual Property may be recorded or stored and to all computer software and programs used for the
compilation or printout thereof) now or hereafter owned by, licensed to, or otherwise used by the Loan Parties in order for ABL Agent and ABL Secured Parties to purchase, use, market, repossess, possess, store, assemble, manufacture, process, sell,
transfer, distribute or otherwise Dispose of any asset included in the ABL Priority Collateral in connection with liquidation, Disposition or Realization upon the ABL Priority Collateral in accordance with the terms of this Agreement. Each Term
Agent agrees that any sale, transfer or other disposition of any of the Loan Parties’ Intellectual Property (whether by foreclosure or otherwise) will be subject to the ABL Agent’s rights as set forth in this
Section 3.5. 
 (b)        If any Term Agent, or any
agent or representative of any Term Agent, or any receiver, shall, after the commencement of any Exercise of Any Secured Creditor Remedies, obtain possession or physical control of any of the Term Priority Collateral, such Term Agent shall promptly
notify the ABL Agent in writing of that fact, and the ABL Agent shall, within ten Business Days thereafter, notify such Term Agent in writing as to whether the ABL Agent desires to exercise access rights under this Agreement. In addition, the ABL
Agent shall promptly notify such Term Agent that the ABL Agent is exercising its access rights under this Agreement and its rights under Section 3.5 under either circumstance. Upon delivery of such notice by the ABL Agent
to such Term Agent, ABL Agent shall have (i) an irrevocable, non-exclusive right to have access to, and a rent-free right to use, the relevant parcel or item the Term Priority Collateral and (ii) the
right during normal business hours during the Use Period, and with reasonable prior notice, to use the Term Priority Collateral in order to assemble, inspect, copy or download information stored on, take action to perfect its Liens on, complete a
production run of inventory, take possession of, move, prepare and advertise for sale, sell (by public auction, private sale or a “going out of business” or similar sale, whether in bulk, in lots or to customers in the ordinary course of
business or otherwise and which sale may include augmented Inventory of the same type sold in any ABL Loan Party’s business), store or otherwise deal with the ABL Priority Collateral, in each case without liability to any Term Secured Party,
except as set forth herein. Consistent with the definition of “Use Period,” access rights will apply to differing parcels or items of Term Priority Collateral at differing times, in which case, a differing Use Period will apply to
each such parcel or items. The Term Agents may not sell, assign or otherwise transfer the related Term Priority Collateral prior to the expiration of the Use Period applicable thereto unless such sale, assignment or transfer is subject to the ABL
Agent’s rights of access pursuant to the terms of this Agreement (including the Use Period afforded to the ABL Agent hereunder). 

(c)        The ABL Agent shall take proper and reasonable care under the
circumstances of any Term Priority Collateral that is used by the ABL Agent during the Use Period and repair and replace any damage (ordinary wear-and-tear excepted)
caused by the ABL Agent or its agents, representatives or designees and the ABL Agent shall comply with all applicable laws in all material respects in connection with its use or occupancy or possession of the Term Priority Collateral. The ABL Agent
shall indemnify and hold harmless the Term Agents and the Term Secured Parties for any injury or damage to Persons or property (ordinary wear-and-tear excepted) caused
directly by the acts or omissions of Persons under its control and except for injury or damage arising from the gross negligence or willful misconduct of any Term Secured Party as determined by a final
non-appealable judgment by a court of competent jurisdiction; provided, however, that the ABL Agent and the ABL Secured Parties will not be liable for any diminution in the value of Term Priority
Collateral caused by the absence of the ABL Priority Collateral therefrom. Notwithstanding the foregoing, in no event shall the ABL Secured Parties or the ABL Agent have any 

  
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liability to the Term Secured Parties and/or to any Term Agent pursuant to this Section 3.5 as a result of any condition (including any environmental condition, claim or liability) on or
with respect to the Term Priority Collateral existing prior to the date of the exercise by the ABL Secured Parties (or the ABL Agent, as the case may be) of their rights under this Section 3.5 and the ABL Secured Parties shall have no duty or
liability to maintain the Term Priority Collateral in a condition or manner better than that in which it was maintained prior to the use thereof by the ABL Secured Parties. The ABL Agent and each Term Agent shall cooperate and use reasonable efforts
to ensure that their activities during the Use Period as described in this Section 3.5 do not interfere materially with the activities of the other as described in this Section 3.5, including the right of the Term Agents to show the Term
Priority Collateral to prospective purchasers and to ready the Term Priority Collateral for sale. 

Section 3.6        Tracing of and Priorities in Proceeds. 

(a)        The ABL Agent, for itself and on behalf of the ABL Secured Parties, and
each Term Agent, for itself and on behalf of the applicable Term Secured Parties, agree that prior to an issuance of any Enforcement Notice by such Secured Party, any Proceeds of Collateral, whether or not deposited under control agreements, which
are used by any Loan Party to acquire other property which is Collateral shall not (solely as between the Agents and the Lenders) be treated as Proceeds of Collateral for purposes of determining the relative priorities in the Collateral which was so
acquired. 
 (b)        Notwithstanding anything to the contrary in this Agreement,
each Term Agent on behalf of the Term Secured Parties agrees that, unless (and only to the extent that) the ABL Agent has prior actual knowledge (as a result of written notice from a Term Agent or otherwise) that any deposit in, funds credited to or
other payment into, any of the ABL Deposit and Security Accounts (other than the Term Collateral Proceeds Account) include Term Priority Collateral or Proceeds thereof, such deposits or payments may be treated as ABL Priority Collateral and swept,
applied and otherwise dealt with in accordance with the terms of the ABL Documents. In accordance with the foregoing and the other terms of this Agreement, each ABL Secured Party shall segregate and pay over to the Term Agents upon written request
after delivery of an Enforcement Notice by any Term Agent, in the same form as received and with any necessary endorsements, all Term Priority Collateral and/or identifiable Proceeds of Term Priority Collateral contained in any ABL Deposit and
Security Account (and the ABL Loan Parties hereby authorize and direct the ABL Agent to pay over to the applicable Term Agent such amounts to the extent required hereunder). 

(c)        Notwithstanding anything to the contrary in this Agreement, the ABL Agent
on behalf of the ABL Secured Parties agrees that, unless (and only to the extent that) a Term Agent has prior actual knowledge (as a result of written notice from the ABL Agent or otherwise) that any deposit in, funds credited to or other payment
into, the Term Collateral Proceeds Account include ABL Priority Collateral or Proceeds thereof, such deposits or payments may be treated as Term Priority Collateral and swept, applied and otherwise dealt with in accordance with the terms of the Term
Documents. In accordance with the foregoing and the other terms of this Agreement, each Term Secured Party shall segregate and pay over to the ABL Agent upon written request after delivery of an Enforcement Notice by the ABL Agent, in the same form
as received and with any necessary endorsements, all ABL Priority Collateral and/or identifiable Proceeds of ABL Priority Collateral contained in the Term Collateral Proceeds Account (and the Term Loan Parties hereby authorize and direct the Term
ABL Agents to pay over to the ABL Agent such amounts to the extent required hereunder). 
 Section 3.7
        Payments Over. 

  
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 (a)       So long as the Discharge of
ABL Obligations has not occurred, any ABL Priority Collateral or Proceeds thereof not constituting Term Priority Collateral received by any Term Agent or any Term Secured Parties in connection with any Exercise of Secured Creditor Remedies relating
to the ABL Priority Collateral shall be segregated and held in trust and forthwith paid over to the ABL Agent for the benefit of the ABL Secured Parties in the same form as received, with any necessary endorsements or as a court of competent
jurisdiction may otherwise direct. The ABL Agent is hereby authorized to make any such endorsements as agent for any Term Agent or any such Term Secured Parties. This authorization is coupled with an interest and is irrevocable until such time as
this Agreement is terminated in accordance with its terms. 
 (b)       So long as the
Discharge of Term Obligations has not occurred, any Term Priority Collateral or Proceeds thereof not constituting ABL Priority Collateral received by the ABL Agent or any other ABL Secured Party in connection with any Exercise of Secured Creditor
Remedies relating to the Term Priority Collateral shall be segregated and held in trust and forthwith paid over to the Designated Term Agent for the benefit of the Term Secured Parties in the same form as received, with any necessary endorsements or
as a court of competent jurisdiction may otherwise direct. The Designated Term Agent is hereby authorized to make any such endorsements as agent for the ABL Agent or any such other ABL Secured Parties. This authorization is coupled with an interest
and is irrevocable until such time as this Agreement is terminated in accordance with its terms. 

(c)       Nothing in this Agreement shall prohibit the receipt by the ABL Agent or any
Term Agent or any Secured Party of payments of interest, principal and other amounts owed in respect of the ABL Obligations or the Term Obligations so long as such receipt is not the direct or indirect result of the Exercise of Any Secured Creditor
Remedies by the ABL Agent or any Term Agent or any Secured Party in contravention of this Agreement. 

Section 3.8       Rights as Unsecured Creditors. The
Secured Parties may, in accordance with the terms of the Term Documents or the ABL Documents (as applicable) and applicable law, enforce rights and exercise remedies against the Company and any other Loan Party as unsecured creditors so long as such
action is not prohibited by or inconsistent with the terms of this Agreement (including the limitations set forth in Article 6) or any other provisions prohibiting, limiting or restricting certain actions or objections by the Term Secured Parties or
the ABL Secured Parties, as applicable; provided further that in the event any Secured Party becomes a judgment Lien creditor in respect of any Collateral as a result of its enforcement of its rights as an unsecured creditor with
respect to any of its obligations, such judgment Lien shall be subject to the terms of this Agreement, including the relative Lien priorities set forth in Section 2.1 and Section 4.1. 

ARTICLE 4 

APPLICATION OF PROCEEDS 

Section 4.1        Application of Proceeds. 

(a)       Revolving Nature of ABL Obligations. Each Term Agent, for and on behalf
of itself and the applicable Term Secured Parties, expressly acknowledges and agrees that (i) the ABL Credit Agreement includes a revolving commitment, that in the ordinary course of business the ABL Agent and the ABL Lenders will apply
payments and make advances thereunder, and that no application of any Collateral or the release of any Lien by the ABL Agent upon any portion of the Collateral in connection with a permitted Disposition by the ABL Loan Parties under any ABL Credit
Agreement shall constitute the Exercise of Secured Creditor Remedies under this Agreement; (ii) the amount of the ABL Obligations that may be outstanding at any time or from time to time may be increased or reduced and subsequently

  
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reborrowed; and (iii) all Collateral or Proceeds thereof received by the ABL Agent may be applied, reversed, reapplied, reborrowed or credited, in whole or in part, to the ABL Obligations at
any time; provided, however, that from and after the date on which the ABL Agent (or any ABL Secured Party) or any Term Agent (or any Term Secured Party) commences the Exercise of Any Secured Creditor Remedies, all amounts received by
the ABL Agent or any ABL Lender or any Term Agent or any Term Secured Party as a result of such enforcement shall be applied as specified in Sections 4.1(b) and (c). The Lien Priority shall not be altered or otherwise affected by any such Amendment
or Refinancing, repayment, reborrowing, or increase of either the ABL Obligations or the Term Obligations, or any portion thereof. 

(b)        Application of Proceeds of ABL Priority Collateral. The ABL Agent
and each Term Agent hereby agree that all ABL Priority Collateral and all Proceeds thereof, received by any of them in connection with any Exercise of Secured Creditor Remedies with respect to the ABL Priority Collateral shall be applied, 

first, (i) to the payment of costs and expenses of the ABL Agent in connection with such Exercise
of Secured Creditor Remedies to the extent provided in the ABL Documents and (ii) in an Insolvency Proceeding and in connection with ABL DIP Financing that otherwise complies with Section 6.1(a) hereof, to the payment of any reasonable
administrative claim, professional fee and U.S. trustee or clerk of the court fee “carveouts”, in each case under this clause (ii), consented to in writing by the ABL Agent to be paid prior to the Discharge of ABL Obligations, 

second, to the payment of the ABL Obligations in accordance with the ABL Documents until the Discharge
of ABL Obligations shall have occurred, 
 third, to the Designated Term Agent to be applied to the
payment of the Term Obligations in accordance with the Term Documents and the Term Lender Intercreditor Agreement until the Discharge of Term Obligations shall have occurred, and 

fourth, the balance, if any, to the Loan Parties or as a court of competent jurisdiction may direct.

 (c)        Application of Proceeds of Term Priority Collateral. The ABL
Agent and each Term Agent hereby agree that all Term Priority Collateral and all Proceeds thereof, received by either of them in connection with any Exercise of Secured Creditor Remedies with respect to the Term Priority Collateral shall be applied,

 first, (i) to the payment of costs and expenses of each Term Agent in connection with such
Exercise of Secured Creditor Remedies to the extent provided in the Term Documents and (ii) in an Insolvency Proceeding and in connection with Term DIP Financing that otherwise complies with Section 6.1(b) hereof, to the payment of any
reasonable administrative claim, professional fee and U.S. trustee or clerk of the court fee “carveouts”, in each case under this clause (ii), consented to in writing by the Designated Term Agent to be paid prior to the Discharge of Term
Obligations, 
 second, to the payment of the Term Obligations in accordance with the Term Documents
and the Term Lender Intercreditor Agreement until the Discharge of Term Obligations shall have occurred, 

third, to the payment of the ABL Obligations in accordance with the ABL Documents until the Discharge
of ABL Obligations shall have occurred, and 

  
 27 

  fourth, the balance, if any, to the Loan
Parties or as a court of competent jurisdiction may direct. 
 (d)       Limited
Obligation or Liability. In exercising remedies, whether as a secured creditor or otherwise, the ABL Agent shall have no obligation or liability to any Term Agent or to any Term Secured Party, and no Term Agent shall have any obligation or
liability to the ABL Agent or any ABL Secured Party, regarding the adequacy of any Proceeds or for any action or omission, except solely for an action or omission that breaches the express obligations undertaken by each Party under the terms of this
Agreement. 
 (e)       Turnover of Collateral after Discharge. Upon the
Discharge of ABL Obligations, the ABL Agent shall deliver to the Designated Term Agent or shall execute such documents as any Term Agent may reasonably request (at the expense of the ABL Borrowers) to enable each Term Agent to have control over, any
Control Collateral of the Term Loan Parties still in the ABL Agent’s possession, custody, or control in the same form as received with any necessary endorsements, or as a court of competent jurisdiction may otherwise direct, subject to the
reinstatement provisions of Section 5.3 below. The ABL Agent also agrees to deliver notices to landlords, bailees, warehousemen, credit card processors, shippers and other third parties that the ABL Agent is no longer a “secured
party” and, if applicable, the “controlling party” (or comparable concepts) under the applicable landlord agreement, collateral access agreement, credit card processor agreement, shipper waiver or other third party document. Upon the
Discharge of Term Obligations, each Term Agent shall deliver to the ABL Agent or shall execute such documents as the ABL Agent may reasonably request (at the expense of the Term Loan Borrower) to enable the ABL Agent to have control over any Control
Collateral still in such Term Agent’s possession, custody or control in the same form as received with any necessary endorsements, or as a court of competent jurisdiction may otherwise direct, subject to the reinstatement provisions of
Section 5.3 below. Each Term Agent also agrees to deliver notices to landlords, bailees, warehousemen, credit card processors, shippers and other third parties that such Term Agent is no longer a “secured party” or, if applicable, the
“controlling party” (or comparable concepts) under the applicable landlord agreement, collateral access agreement, credit card processor agreement, shipper waiver or other third party document. 

(f)       Notwithstanding anything to the contrary contained above or in the definition of
the ABL Priority Collateral or Term Loan Priority Collateral, in the event that Proceeds of Collateral are received from (or are otherwise attributable to the value of) any collection, sale, foreclosure or other realization upon or any other
Enforcement Action that involves a combination of ABL Priority Collateral and Term Loan Priority Collateral, the ABL Agent and the Designated Term Agent shall use commercially reasonable efforts in good faith to allocate such Proceeds to the ABL
Priority Collateral and the Term Loan Priority Collateral. If the ABL Agent and the Designated Term Agent are unable to agree on such allocation within five (5) Business Days (or such other period of time as the ABL Agent and the
Designated Term Agent agree) of the consummation of such collection, sale, foreclosure or other realization upon or any other Enforcement Action, the portion of such Proceeds that shall be allocated as Proceeds of ABL Priority Collateral for
purposes of this Agreement shall be an amount equal to (i) the net book value of such ABL Priority Collateral consisting of Accounts, (ii) the orderly liquidation value of such ABL Priority Collateral consisting of Inventory based on and
consistent with the then most current appraisal thereof received by the ABL Agent with respect thereto, and (iii) to the extent the Proceeds of ABL Priority Collateral include Proceeds of Collateral other than Accounts and Inventory, the
appraised value of such other Collateral based on and consistent with the then most current satisfactory appraisal received by the ABL Agent with respect thereto 

Section 4.2        Reinstatement. 

  
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 (a)       The ABL Agent agrees that if
at any time all or part of any payment with respect to any Term Loan Obligation secured by any Term Priority Collateral previously received by any Term Secured Party shall be rescinded or required to be repaid or turned over to any Term Loan Party
for any reason whatsoever, the ABL Agent will upon request promptly pay over to the Designated Term Agent any payment received by it in respect of any such Term Priority Collateral and shall promptly turn over to the Designated Term Agent any such
Term Priority Collateral then held by it and the provisions set forth in this Agreement will be reinstated as if such payment had not been made, until the payment and satisfaction in full of such Term Loan Obligation. 

(b)       Each Term Agent agrees that if at any time all or part of any payment with
respect to any ABL Obligation secured by any ABL Priority Collateral previously received by any ABL Secured Party shall be rescinded or required to be repaid or turned over to any ABL Loan Party for any reason whatsoever, the applicable Term Agent
will upon request promptly pay over to the ABL Agent any payment received by it in respect of any such ABL Priority Collateral and shall promptly turn over to the ABL Agent any such ABL Priority Collateral then held by it and the provisions set
forth in this Agreement will be reinstated as if such payment had not been made, until the payment and satisfaction in full of such ABL Obligation. 

Section 4.3         Specific Performance. Each
of the ABL Agent and each Term Agent is hereby authorized to demand specific performance of this Agreement, whether or not any Loan Party shall have complied with any of the provisions of any of the Credit Documents, at any time when the other party
shall have failed to comply with any of the provisions of this Agreement applicable to it. Each of the ABL Agent, for and on behalf of itself and the ABL Secured Parties, and each Term Agent, for and on behalf of itself and the applicable Term
Secured Parties, hereby irrevocably waives any defense based on the adequacy of a remedy at law that might be asserted as a bar to such remedy of specific performance. 

ARTICLE 5 

INTERCREDITOR ACKNOWLEDGEMENTS AND WAIVERS 

Section 5.1        Notice of Acceptance and Other Waivers. 

(a)       All ABL Obligations at any time made or incurred by any ABL Borrower or ABL
Guarantor shall be deemed to have been made or incurred in reliance upon this Agreement, and any Term Agent, on behalf of itself and the applicable Term Secured Parties, hereby waives notice of acceptance, or proof of reliance by the ABL Agent or
any ABL Secured Party of this Agreement and notice of the existence, increase, renewal, extension, accrual, creation, or non-payment of all or any part of the ABL Obligations. All Term Obligations at any time
made or incurred by the Term Loan Borrower or any Term Guarantor shall be deemed to have been made or incurred in reliance upon this Agreement, and the ABL Agent, on behalf of itself and the ABL Secured Parties, hereby waives notice of acceptance,
or proof of reliance, by any Term Agent or any Term Secured Party of this Agreement and notice of the existence, increase, renewal, extension, accrual, creation, or non-payment of all or any part of the Term
Obligations. 
 (b)       None of the ABL Agent, any ABL Secured Party, or any of their
respective Affiliates, directors, officers, employees, or agents shall be liable for failure to demand, collect, or realize upon any of the Collateral or any Proceeds, or for any delay in doing so, or shall be under any obligation to sell or
otherwise dispose of any Collateral or Proceeds thereof or to take any other action whatsoever with regard to the Collateral or any part or Proceeds thereof, except as specifically provided in this Agreement. If the ABL Agent or any ABL Secured
Party honors (or fails to honor) a request by any ABL Borrower for an extension of credit pursuant to any ABL Credit Agreement or any of the other ABL Documents, whether the ABL Agent or any ABL Secured Party have knowledge that the honoring of (or
failure to honor) any 

  
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such request would constitute or result in a default under the terms of any Term Loan Credit Agreement or any other Term Document or an act, condition, or event that, with the giving of notice or
the passage of time, or both, would constitute or result in such a default, or if the ABL Agent or any ABL Secured Party otherwise should exercise any of its contractual rights or remedies under any ABL Documents (subject to the express terms and
conditions hereof), neither the ABL Agent nor any ABL Secured Party shall have any liability whatsoever to any Term Agent or any Term Secured Party as a result of such action, omission, or exercise (so long as any such exercise does not breach the
express terms and provisions of this Agreement). The ABL Agent and the ABL Secured Parties shall be entitled to manage and supervise their loans and extensions of credit under any ABL Credit Agreement and any of the other ABL Documents as they may,
in their sole discretion, deem appropriate, and may manage their loans and extensions of credit without regard to any rights or interests that any Term Agent or any of the Term Secured Parties have in the Collateral, except as otherwise expressly
set forth in this Agreement. Each Term Agent, on behalf of itself and the Term Secured Parties, agrees that neither the ABL Agent nor any ABL Secured Party shall incur any liability as a result of a sale, lease, license, application, or other
Disposition of all or any portion of the Collateral or Proceeds thereof, pursuant to the ABL Documents, so long as such Disposition does not breach the provisions of this Agreement. 

(c)       None of the Term Agents, any Term Secured Party or any of their respective
Affiliates, directors, officers, employees, or agents shall be liable for failure to demand, collect, or realize upon any of the Collateral or any Proceeds, or for any delay in doing so, or shall be under any obligation to sell or otherwise dispose
of any Collateral or Proceeds thereof or to take any other action whatsoever with regard to the Collateral or any part or Proceeds thereof, except as specifically provided in this Agreement. If an act, condition, or event that, with the giving of
notice or the passage of time, or both, would constitute or result in a default under any ABL Document, or if any Term Agent or any Term Secured Party otherwise should exercise any of its contractual rights or remedies under the Term Documents
(subject to the express terms and conditions hereof), neither the Term Agents nor any Term Secured Party shall have any liability whatsoever to the ABL Agent or any ABL Secured Party as a result of such action, omission, or exercise (so long as any
such exercise does not breach the express terms and provisions of this Agreement). The Term Agents and the Term Secured Parties shall be entitled to manage and supervise their loans and extensions of credit under the Term Documents as they may, in
their sole discretion, deem appropriate, and may manage their loans and extensions of credit without regard to any rights or interests that the ABL Agent or any ABL Secured Party has in the Collateral, except as otherwise expressly set forth in this
Agreement. The ABL Agent, on behalf of itself and the ABL Secured Parties, agrees that none of the Term Agents or the Term Secured Parties shall incur any liability as a result of a sale, lease, license, application, or other Disposition of the
Collateral or any part or Proceeds thereof, pursuant to the Term Documents, so long as such Disposition does not breach the provisions of this Agreement. 

Section 5.2        Modifications to ABL Documents and Term Documents.

 (a)       Each Term Agent, on behalf of itself and the applicable Term Secured
Parties, hereby agrees that, without affecting the obligations of such Term Agent and the applicable Term Secured Parties hereunder, the ABL Agent and the ABL Secured Parties may, at any time and from time to time, in their sole discretion without
the consent of or notice to any Term Agent or any Term Secured Party, and without incurring any liability to any Term Agent or any Term Secured Party or impairing or modifying the Lien Priority provided for herein, Amend or Refinance any of the ABL
Documents in any manner whatsoever, other than in a manner which would have the effect of contravening the terms of this Agreement. 

(b)       The ABL Agent, on behalf of itself and the ABL Secured Parties, hereby agrees
that, without affecting the obligations of the ABL Agent and the ABL Secured Parties hereunder, each Term 

  
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Agent and the Term Secured Parties may, at any time and from time to time, in their sole discretion without the consent of or notice to the ABL Agent or any ABL Secured Party, and without
incurring any liability to the ABL Agent or any ABL Secured Party or impairing or modifying the Lien Priority provided for herein, Amend or Refinance any of the Term Documents other than in a manner which would have the effect of contravening the
terms of this Agreement. 
 (c)       Subject to (i) Section 5.2(a) and
(b) above and (ii) the applicable requirements set forth in the defined terms “ABL Credit Agreement” and “Term Loan Credit Agreement,” the ABL Obligations and the Term Obligations may be Amended or Refinanced, in whole
or in part, in each case, without notice to, or the consent (except to the extent a consent is required under any ABL Document or any Term Document to permit the Amendment or Refinancing transaction) of the ABL Agent, the ABL Secured Parties, the
Term Agents or the Term Secured Parties, as the case may be, all without affecting the Lien Priority provided for herein or the other provisions hereof, provided, however, such amendment or refinancing transaction shall be in
accordance with any applicable provisions of both the ABL Documents and the Term Documents (to the extent such documents survive the amendment or refinancing and, unless the agent, trustee or other representative with respect to such Amended or
Refinanced facility is already a party to this Agreement, such agent, trustee or other representative shall have executed and delivered an Additional Term Joinder (with such changes as may be reasonably approved by such agent, trustee or other
representative and each other party hereto). 

Section 5.3        Reinstatement and Continuation of Agreement.

 (a)       If the ABL Agent or any ABL Secured Party is required in any Insolvency
Proceeding or otherwise to turn over or otherwise pay to the estate of any Loan Party, or any other Person any payment made in satisfaction of all or any portion of the ABL Obligations (an “ABL Recovery”), then the ABL
Obligations shall be reinstated to the extent of such ABL Recovery. If this Agreement shall have been terminated prior to such ABL Recovery, this Agreement shall be reinstated in full force and effect in the event of such ABL Recovery, and such
prior termination shall not diminish, release, discharge, impair, or otherwise affect the obligations of the parties from such date of reinstatement. All rights, interests, agreements, and obligations of the ABL Agent, the Term Agents, the ABL
Secured Parties, and the Term Secured Parties under this Agreement shall remain in full force and effect and shall continue irrespective of the commencement of, or any discharge, confirmation, conversion, or dismissal of, any Insolvency Proceeding
by or against any Loan Party or any other circumstance which otherwise might constitute a defense available to, or a discharge of any Loan Party in respect of the ABL Obligations or the Term Obligations. No priority or right of the ABL Agent or any
ABL Secured Party shall at any time be prejudiced or impaired in any way by any act or failure to act on the part of any Loan Party or by the noncompliance by any Person with the terms, provisions, or covenants of any of the ABL Documents,
regardless of any knowledge thereof which the ABL Agent or any ABL Secured Party may have. 

(b)       If any Term Agent or any Term Secured Party is required in any Insolvency
Proceeding or otherwise to turn over or otherwise pay to the estate of any Borrower, any Term Guarantor, or any other Person any payment made in satisfaction of all or any portion of the Term Obligations (a “Term Recovery”),
then the Term Obligations shall be reinstated to the extent of such Term Recovery. If this Agreement shall have been terminated prior to such Term Recovery, this Agreement shall be reinstated in full force and effect in the event of such Term
Recovery, and such prior termination shall not diminish, release, discharge, impair, or otherwise affect the obligations of the parties from such date of reinstatement. All rights, interests, agreements, and obligations of the ABL Agent, the Term
Agents, the ABL Secured Parties, and the Term Secured Parties under this Agreement shall remain in full force and effect and shall continue irrespective of the commencement of, or any discharge, confirmation, conversion, or dismissal of, any
Insolvency Proceeding by or against any Borrower or any Term Guarantor or any other circumstance 

  
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which otherwise might constitute a defense available to, or a discharge of any Borrower or any Term Guarantor in respect of the ABL Obligations or the Term Obligations. No priority or right of
any Term Agent or any Term Secured Party shall at any time be prejudiced or impaired in any way by any act or failure to act on the part of any Borrower or any Term Guarantor or by the noncompliance by any Person with the terms, provisions, or
covenants of any of the Term Documents, regardless of any knowledge thereof which any Term Agent or any Term Secured Party may have. 

Section 5.4        Purchase Right. 

(a)       Notice of Exercise. 

(i)        On or after the occurrence and during the continuance of (A) the
acceleration of all of the ABL Debt, (B) the commencement of an Insolvency Proceeding as to any ABL Loan Party or (C) the termination of any ABL Standstill Period (unless the ABL Agent or any ABL Secured Party shall have commenced and be
diligently pursuing the exercise of their rights or remedies with respect to substantially all or any material portion of the ABL Priority Collateral) (the events listed in subparts (A) through (C) hereof, each being a “Term Purchase
Option Trigger Event”), all or a portion of the Term Secured Parties, acting as a single group (the “Purchasing Term Secured Parties”), shall have the option, which must be exercised within thirty (30) days
of the occurrence of a Term Purchase Option Trigger Event by delivery of notice to the ABL Agent and the Company, to purchase all of the ABL Obligations from the ABL Secured Parties. Such notice from such Term Secured Parties to the ABL Agent shall
be irrevocable. 
 (ii)        On or after the occurrence and during the
continuance of (A) the acceleration of all of the First Lien Term Debt and/or Second Lien Term Debt, (B) the commencement of an Insolvency Proceeding as to any Term Loan Party or (C) the termination of any Term
Standstill Period (unless a Term Agent or any Term Secured Party shall have commenced and be diligently pursuing the exercise of their rights or remedies with respect to substantially all or any material portion of the Term Priority Collateral) (the
events listed in subparts (A) through (C) hereof, each being an “ABL Purchase Option Trigger Event”), all or a portion of the ABL Secured Parties, acting as a single group (the “Purchasing ABL Secured
Parties”), shall have the option, which must be exercised within thirty (30) days of the occurrence of an ABL Purchase Option Trigger Event by delivery of notice to the applicable Term Agent(s) and the Company, to purchase all of
the First Lien Term Obligations or Second Lien Term Obligations, as applicable, from the applicable Term Secured Parties. Such notice from such ABL Secured Parties to Designated Term Agent shall be irrevocable. 

(b)       Purchase and Sale. 

(i)        On the date specified by the Purchasing Term Secured Parties in the notice
contemplated by Section 5.4(a)(i) above (which shall not be less than five (5) Business Days, nor more than ten (10) Business Days, after the receipt by the ABL Agent of the notice of the relevant Term Secured Parties’ election
to exercise such option), the ABL Secured Parties shall sell (which obligation shall be several and not joint) to the Purchasing Term Secured Parties, and the relevant Term Secured Parties shall purchase from the ABL Secured Parties, the ABL
Obligations, provided that, the ABL Agent and the ABL Secured Parties shall retain all rights to be indemnified or held harmless by the Loan Parties in accordance with the terms of the ABL Documents but shall not retain any rights to the security
therefor. 
 (ii)        On the date specified by the Purchasing ABL Secured
Parties in the notice contemplated by Section 5.4(a)(ii) above (which shall not be less than five (5) Business Days, nor more than ten (10) Business Days, after the receipt by the applicable Term Agent(s) of the notice of the relevant
ABL Secured Party’s election to exercise such option), the Term Secured Parties shall sell (which obligation 

  
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shall be several and not joint) to the relevant ABL Secured Parties, and the relevant ABL Secured Parties shall purchase from the Term Secured Parties, the Term Obligations, provided that, the
Term Agents and the Term Secured Parties shall retain all rights to be indemnified or held harmless by the Loan Parties in accordance with the terms of the Term Documents but shall not retain any rights to the security therefor. 

(c)       [Reserved.] 

(d)       Payment of Purchase Price. Upon the date of such purchase and sale, the
relevant Term Secured Parties or the relevant ABL Secured Parties, as applicable, shall (i) pay to the ABL Agent for the benefit of the ABL Secured Parties (with respect to a purchase of the ABL Obligations) or to the applicable Term Agent(s)
for the benefit of the applicable Term Secured Parties (with respect to a purchase of the Term Obligations) as the purchase price therefor the full amount of all the ABL Obligations or Term Obligations, as applicable, then outstanding and unpaid
(including principal, interest, fees and expenses, including reasonable attorneys’ fees and legal expenses but specifically excluding any prepayment premium, termination or similar fees), (ii) with respect to a purchase of the ABL
Obligations, furnish cash collateral to the ABL Agent in a manner and in such amounts as the ABL Agent determines is reasonably necessary to secure the ABL Agent and the ABL Secured Parties with respect to issued and outstanding letters of credit
and Secured Bank Product Obligations, (iii) with respect to a purchase of the ABL Obligations, agree to reimburse the ABL Agent, the ABL Secured Parties for any loss, cost, damage or expense (including reasonable attorneys’ fees and legal
expenses) in connection with any commissions, fees, costs or expenses related to any issued and outstanding letters of credit as described above and any checks or other payments provisionally credited to the ABL Obligations, and/or as to which the
ABL Agent has not yet received final payment, (iv) agree to reimburse the ABL Secured Parties or the Term Secured Parties, as applicable, in respect of indemnification obligations of the Loan Parties under the ABL Documents or the Term
Documents, as applicable, as to matters or circumstances known to the ABL Agent or the applicable Term Agent(s), as applicable, at the time of the purchase and sale which would reasonably be expected to result in any loss, cost, damage or expense
(including reasonable attorneys’ fees and legal expenses) to the ABL Secured Parties, the Term Secured Parties or letter of credit issuing banks, as applicable, and (v) agree to indemnify and hold harmless the ABL Secured Parties or the
Term Secured Parties, as applicable, from and against any loss, liability, claim, damage or expense (including reasonable fees and expenses of legal counsel) arising out of any claim asserted by a third party in respect of the ABL Obligations or the
Term Obligations, as applicable, as a direct result of any acts by any Purchasing Term Secured Party or any Purchasing ABL Secured Party, as applicable, occurring after the date of such purchase. Such purchase price and cash collateral shall be
remitted by wire transfer in federal funds to such bank account in New York, New York as the ABL Agent or the applicable Term Agent(s), as applicable, may designate in writing for such purpose. 

(e)       Limitation on Representations and Warranties. Such purchase shall be
expressly made without representation or warranty of any kind by any selling party (or the applicable representative or the Term Agent) and without recourse of any kind, except that the selling party shall represent and warrant: (i) the amount
of the ABL Obligations or Term Obligations, as applicable, being purchased from it, (ii) that such ABL Secured Party or Term Secured Party, as applicable, owns the ABL Obligations or Term Obligations, as applicable, free and clear of any Liens
or encumbrances and (iii) that such ABL Secured Party or Term Secured Party, as applicable, has the right to assign such ABL Obligations or Term Obligations, as applicable, and the assignment is duly authorized. 

ARTICLE 6 
 INSOLVENCY
PROCEEDINGS 
 Section 6.1        DIP Financing. 

  
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 (a)       If any Loan Party shall be
subject to any Insolvency Proceeding at any time prior to the Discharge of ABL Obligations, and the ABL Agent or any of the ABL Secured Parties shall seek to provide any Loan Party with, or consent to a third party providing, any financing under
Section 364 of the Bankruptcy Code or consent to any order for the use of cash collateral constituting ABL Priority Collateral under Section 363 of the Bankruptcy Code (or any similar provision of any foreign Debtor Relief Laws or under a
court order in respect of measures granted with similar effect under any foreign Debtor Relief Laws, (which may include a “roll-up” or “roll-over” of all or any of the ABL Obligations),
whether provided by any ABL Secured Party or any other Person (each, including any such order for the use of cash collateral, an “ABL DIP Financing”), with such ABL DIP Financing to be secured by all or any portion of the
Collateral (including assets that, but for the application of Section 552 of the Bankruptcy Code would be ABL Priority Collateral), then each Term Agent, on behalf of itself and the applicable Term Secured Parties, agrees that (i) it will
raise no objection and will not support any objection to such ABL DIP Financing or use of cash collateral or to the Liens securing the same on any basis, including, without limitation, on the grounds of a failure to provide “adequate
protection” for the Liens of such Term Agent securing the Term Obligations (and will not request any adequate protection solely as a result of such ABL DIP Financing or use of cash collateral that is ABL Priority Collateral, and will not offer
or support any debtor-in-possession financing which would compete with such ABL DIP Financing), and (ii) it will subordinate (and will be deemed hereunder to have
subordinated) the Liens of such applicable Term Agent or any other Term Secured Parties on the ABL Priority Collateral (but not the Term Priority Collateral) to (1) the Liens on the ABL Priority Collateral pursuant to such ABL DIP Financing (to
the extent the Liens securing the ABL DIP Financing are pari passu or senior in priority to the ABL Obligations), (2) any adequate protection provided to the ABL Secured Parties and (3) any reasonable administrative claim, professional fee and
U.S. trustee or clerk of the court fee “carve-outs”, in each case, consented to in writing by the ABL Agent to be paid prior to the Discharge of ABL Obligations, in each case, on the same terms as the Liens of the Term Secured Parties are
subordinated to the Liens granted with respect to such ABL DIP Financing (and such subordination will not alter in any manner the terms of this Agreement); provided that (A) each Term Agent retains its Lien on the ABL Priority Collateral
to secure the Term Obligations (in each case, including Proceeds thereof arising after the commencement of the case under any Debtor Relief Laws), (B) unless it shall otherwise consent, each Term Agent shall retain its Lien on the Term Priority
Collateral with the same priority as existed prior to the commencement of the case under the subject Debtor Relief Laws and any Lien of the ABL Agent (or other provider of ABL DIP Financing) on the Term Priority Collateral securing such ABL DIP
Financing shall be junior and subordinate to the Lien of each Term Agent on the Term Priority Collateral, (C) all Liens on ABL Priority Collateral securing any such ABL DIP Financing, shall be senior to or on a parity with the Liens of the ABL
Agent and the ABL Secured Parties securing the ABL Obligations on ABL Priority Collateral and (D) the foregoing provisions of this Section 6.1(a) shall not prevent any Term Agent or the other Term Secured Parties from objecting to any
provision in any ABL DIP Financing (x) relating to any provision or content of a plan of reorganization or other plan of similar effect under any Debtor Relief Laws or (y) that provides for the use of any Term Priority Collateral or
Proceeds thereof other than for the payment of the Term Obligations. 
 (b)       If any
Loan Party shall be subject to any Insolvency Proceeding at any time prior to the Discharge of Term Obligations, and any Term Agent or any of the Term Secured Parties shall seek to provide any Loan Party with, or consent to a third party providing,
any financing under Section 364 of the Bankruptcy Code or consent to any order for the use of cash collateral constituting Term Priority Collateral under Section 363 of the Bankruptcy Code (or any similar provision of any foreign Debtor
Relief Laws or under a court order in respect of measures granted with similar effect under any foreign Debtor Relief Laws, (which may include a “roll-up” or “roll-over” of all or any of
the Term Obligations), whether provided by any Term Secured Party or any other Person (each, including any such order for the use of cash collateral, a “Term DIP Financing”), with such Term DIP Financing to be secured by all
or any portion of the Collateral (including assets that, but for the application of Section 552 of the Bankruptcy Code would 

  
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be Term Priority Collateral), then the ABL Agent, on behalf of itself and the ABL Secured Parties, agrees that (i) it will raise no objection and will not support any objection to such Term
DIP Financing or use of cash collateral or to the Liens securing the same on any basis, including, without limitation, on the grounds of a failure to provide “adequate protection” for the Liens of the ABL Agent securing the ABL Obligations
(and will not request any adequate protection solely as a result of such Term DIP Financing or use of cash collateral that is Term Priority Collateral, and will not offer or support any
debtor-in-possession financing which would compete with such Term DIP Financing), and (ii) it will subordinate (and will be deemed hereunder to have subordinated)
the Liens of the ABL Agent or any other ABL Secured Parties on the Term Priority Collateral (but not the ABL Priority Collateral) to (1) the Liens on the Term Priority Collateral pursuant to such Term DIP Financing (to the extent the Liens
securing the Term DIP Financing are pari passu or senior in priority to the Term Obligations), (2) any adequate protection provided to the Term Secured Parties and (3) any reasonable administrative claim, professional fee and U.S. trustee or
clerk of the court fee “carve-outs”, in each case, consented to in writing by any Term Agent to be paid prior to the Discharge of Term Obligations, in each case, on the same terms as the Liens of the ABL Secured Parties are subordinated to
the Liens granted with respect to such Term DIP Financing (and such subordination will not alter in any manner the terms of this Agreement); provided that (A) the ABL Agent retains its Lien on the Term Priority Collateral to secure the
ABL Obligations (in each case, including Proceeds thereof arising after the commencement of the case under any Debtor Relief Laws), (B) unless it shall otherwise consent, the ABL Agent shall retain its Lien on the ABL Priority Collateral with the
same priority as existed prior to the commencement of the case under the subject Debtor Relief Laws and any Lien of any Term Agent (or other provider of Term DIP Financing) on the ABL Priority Collateral securing such Term DIP Financing shall be
junior and subordinate to the Lien of the ABL Agent on the ABL Priority Collateral, (C) all Liens on Term Priority Collateral securing any such Term DIP Financing, shall be senior to or on a parity with the Liens of each Term Agent and the Term
Secured Parties securing the Term Obligations on Term Priority Collateral and (D) the foregoing provisions of this Section 6.1(b) shall not prevent the ABL Agent or the other ABL Secured Parties from objecting to any provision in any Term
DIP Financing (x) relating to any provision or content of a plan of reorganization or other plan of similar effect under any Debtor Relief Laws or (y) that provides for the use of any ABL Priority Collateral or Proceeds thereof other than
for the payment of the ABL Obligations. 
 (c)       All Liens granted to the ABL Agent
or any Term Agent in any Insolvency Proceeding, whether as adequate protection or otherwise, are intended by the parties to be and shall be deemed to be subject to the Lien Priority and the other terms and conditions of this Agreement. For clarity,
none of the Term Agents or the Term Secured Parties shall seek to “prime” the Lien of the ABL Agent and the ABL Secured Parties on the ABL Priority Collateral or request, seek or receive a Lien on the ABL Priority Collateral pursuant to
Section 364(d) or 363(c)(4) of the Bankruptcy Code on the ABL Priority Collateral. For clarity, the ABL Agent and the ABL Secured Parties shall not seek to “prime” the Liens of the Term Agents or the Term Secured Parties on the Term
Priority Collateral or request, seek or receive a Lien on the Term Priority Collateral pursuant to Section 364(d) or 363(c)(4) of the Bankruptcy Code on the Term Priority Collateral. 

(d)       No ABL Secured Party shall, directly or indirectly, provide, or seek to provide,
or support any other Person providing or seeking to provide, any ABL DIP Financing secured by Liens on the Term Priority Collateral equal or senior in priority to the Liens on the Term Priority Collateral (including any assets or property arising
after the commencement of a case under the Bankruptcy Code) of any Term Agent, without the prior written consent of such Term Agent. No Term Secured Party shall, directly or indirectly, provide, or seek to provide, or support any other Person
providing or seeking to provide, any Term DIP Financing secured by Liens on the ABL Priority Collateral equal or senior in priority to the Liens on the ABL Priority Collateral (including any assets or property arising after the commencement of a
case under the Bankruptcy Code) of the ABL Agent, without the prior written consent of the ABL Agent. For 

  
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purposes hereof, all references to Collateral shall include any assets or property of Loan Parties arising after the commencement of any Insolvency Proceeding that are subject to the Liens of
Agents. 
 Section 6.2        Relief From
Stay. Until the Discharge of ABL Obligations has occurred, each Term Agent, on behalf of itself and the applicable Term Secured Parties, agrees not to seek relief from the automatic stay or any other stay in any Insolvency Proceeding in
respect of any portion of the ABL Priority Collateral without the ABL Agent’s express written consent. Until the Discharge of Term Obligations has occurred, the ABL Agent, on behalf of itself and the ABL Secured Parties, agrees not to seek
relief from the automatic stay or any other stay in any Insolvency Proceeding in respect of any portion of the Term Priority Collateral without each Term Agent’s express written consent. In addition, none of the Term Agents nor the ABL Agent
shall seek any relief from the automatic stay with respect to any Collateral without providing three (3) days’ prior written notice to the other, unless such period is agreed by both the ABL Agent and each Term Agent to be modified or
unless the ABL Agent or any Term Agent, as applicable, makes a good faith determination that either (A) the ABL Priority Collateral or the Term Priority Collateral, as applicable, will decline speedily in value or (B) the failure to take
any action will have a reasonable likelihood of endangering the ABL Agent’s or any Term Agent’s ability to realize upon its Collateral. 

Section 6.3        No Contest; Adequate Protection. 

(a)       Each Term Agent, on behalf of itself and the applicable Term Secured Parties,
agrees that, prior to the Discharge of ABL Obligations, none of them shall contest (or support any other Person contesting) (i) any request by the ABL Agent or any ABL Secured Party for adequate protection of its interest in the Collateral
(unless in contravention of Section 6.1(b) or Section 6.3(b) or if the adequate protection sought is in the form of a cash payment, periodic cash payments or otherwise, in each case to the extent such payments are made from the Proceeds of
the Term Priority Collateral), (ii) subject to Section 6.1(a) above, any proposed provision of ABL DIP Financing, including any consensual use of cash collateral constituting ABL Priority Collateral, by the ABL Agent and the ABL Secured Parties
(or any other Person proposing to provide ABL DIP Financing with the consent of the ABL Agent), (iii) any objection by the ABL Agent or any ABL Secured Party to any motion, relief, action, or proceeding based on a claim by the ABL Agent or any ABL
Secured Party that its interests in the Collateral are not adequately protected (or any other similar request under any law applicable to an Insolvency Proceeding), so long as any Liens granted to the ABL Agent as adequate protection of its
interests are subject to this Agreement (unless in contravention of Section 6.1(b) or Section 6.3(b)), or (iv) any request by the ABL Agent or any ABL Secured Party for payment of interest (including post-petition interest), fees,
expenses or other amounts to any ABL Secured Party under Section 506(b) or 506(c) of the Bankruptcy Code or other applicable law (unless in contravention of Section 6.1(b) or Section 6.3(b) or to the extent such payments are to be
made from the Proceeds of the Term Priority Collateral or from the proceeds of Term DIP Financing). 

(b)       The ABL Agent, on behalf of itself and the ABL Secured Parties, agrees that,
prior to the Discharge of Term Obligations, none of them shall contest (or support any other Person contesting) (i) any request by any Term Agent or any Term Secured Party for adequate protection of its interest in the Collateral (unless in
contravention of Section 6.1(a) or 6.3(a) or if the adequate protection sought is in the form of a cash payment, periodic cash payments or otherwise, in each case to the extent such payments are made from the Proceeds of the ABL Priority
Collateral), (ii) subject to Section 6.1(b) above, any proposed provision of Term DIP Financing, including any consensual use of cash collateral constituting Term Priority Collateral, by any Term Agent and the applicable Term Secured Parties
(or any other Person proposing to provide Term DIP Financing with the consent of any Term Agent), (iii) any objection by any Term Agent or any Term Secured Party to any motion, relief, action or proceeding based on a claim by any Term Agent

  
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or any Term Secured Party that its interests in the Collateral are not adequately protected (or any other similar request under any law applicable to an Insolvency Proceeding), so long as any
Liens granted to any Term Agent as adequate protection of its interests are subject to this Agreement (unless in contravention of Section 6.1(a) or Section 6.3(a)), or (iv) any request by any Term Agent or any Term Secured Party for
payment of interest (including post-petition interest), fees, expenses or other amounts to any Term Secured Party under Section 506(b) or 506(c) of the Bankruptcy Code or other applicable law (unless in contravention of Section 6.1(a) or
Section 6.3(a) or to the extent such payments are to be made from the Proceeds of the ABL Priority Collateral or from the proceeds of ABL DIP Financing). 

(c)       Notwithstanding the foregoing provisions in this Section 6.3, in any
Insolvency Proceeding: 
 (i)        if the ABL Secured Parties (or any subset
thereof) are granted adequate protection with respect to the ABL Priority Collateral in the form of additional or replacement collateral (even if such collateral is not of a type which would otherwise have constituted ABL Priority Collateral) and/or
a superpriority claim, then the ABL Agent, on behalf of itself and the ABL Secured Parties, agrees that each Term Agent, on behalf of itself or any of the applicable Term Secured Parties, may seek or request (and the ABL Secured Parties will not
oppose such request), as applicable, adequate protection with respect to its interests in such Collateral in the form of a Lien on the same additional or replacement collateral, which Lien will be subordinated to the Liens securing the ABL
Obligations on the same basis as the other Liens of each Term Agent on ABL Priority Collateral or a superpriority claim junior in all respects to such superpriority claim granted to the ABL Secured Parties; and 

(ii)        if any Term Secured Parties (or any subset thereof), are granted adequate
protection in respect of Term Priority Collateral in the form of additional or replacement collateral (even if such collateral is not of a type which would otherwise have constituted Term Priority Collateral) and/or a superpriority claim, then each
Term Agent, on behalf of itself and the applicable Term Secured Parties, agrees that the ABL Agent on behalf of itself or any of the ABL Secured Parties, may seek or request (and the Term Secured Parties will not oppose such request), as applicable,
adequate protection with respect to its interests in such Collateral in the form of a Lien on the same additional or replacement collateral, which Lien will be subordinated to the Liens securing the Term Obligations on the same basis as the other
Liens of the ABL Agent on Term Priority Collateral or a superpriority claim junior in all respects to such superpriority claim granted to the Term Secured Parties 

(d)       The Term Loan Parties shall not be entitled to, and shall not seek, adequate
protection in the form of cash payment to the extent such payment is sought to be paid from an ABL DIP Financing or the ABL Priority Collateral or the Proceeds (or advances) in respect thereof. The ABL Secured Parties shall not be entitled to, and
shall not seek, adequate protection in the form of cash payment to the extent such payment is sought to be paid from a Term Loan DIP Financing or the Term Priority Collateral or the Proceeds (or advances) in respect thereof. 

Section 6.4        Asset Sales. 

(a)       Until the Discharge of ABL Obligations has occurred, each Term Agent, for itself
and on behalf of the other Term Secured Parties agrees that in the event of any Insolvency Proceeding, the Term Secured Parties will not object or oppose (or support any Person in objecting or opposing), and will be deemed to have consented to
pursuant to Section 363(f) of the Bankruptcy Code or any other applicable law, (i) a motion to sell or otherwise Dispose of any ABL Priority Collateral under Sections 363, 365 or 1129 of the Bankruptcy Code or any similar provisions under
any other applicable Debtor Relief Laws, free and clear of any Liens or other claims, (ii) a motion establishing notice, sale or bidding procedures for such 

  
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Disposition (including any break-up fee or other bidder protections) or (iii) a motion to permit a credit bid on all or any portion of the claims of
the ABL Secured Parties against ABL Priority Collateral under Section 363(k) of the Bankruptcy Code, in each case, if the ABL Agent has consented to such sale or other Disposition of such ABL Priority Collateral; provided, that, (A) the
terms of any proposed order approving such transaction provide for the parties’ respective Liens to attach to the proceeds of the ABL Priority Collateral that is the subject of such sale or Disposition, subject to the Lien Priorities in
Section 2.1 and the other terms and conditions of this Agreement; (B) such proceeds are applied among the ABL Obligations or the Term Obligations in accordance with Section 4.1; and
(C) such motion to sell or otherwise Dispose of any ABL Priority Collateral does not impair the rights of the Term Secured Parties under Section 363(k) of the Bankruptcy Code (except that (1) the Term Secured Parties will be permitted
to “credit bid” their claims against ABL Priority Collateral (including under Section 363, 365 or 1129 of the Bankruptcy Code, or any comparable provision of other applicable Debtor Relief Laws) in such sale only if the cash proceeds
of such bid result in Discharge of ABL Obligations on the closing date of such sale, including all principal of and accrued and unpaid interest and fees on and all prepayment or acceleration penalties and premiums in respect of all ABL Obligations
outstanding at the time of any Disposition, and (2) the Term Secured Parties will be permitted to “credit bid” their claims against Term Priority Collateral (including under Section 363, 365 or 1129 of the Bankruptcy Code, or any
comparable provision of other applicable Debtor Relief Laws) in such sale and in accordance with the terms of the Term Documents and the Term Lender Intercreditor Agreement. Each Term Agent for itself and the applicable Term Secured Parties further
agree that they will not object to or oppose, or support any party in opposing, the right of the ABL Secured Parties to credit bid under Section 363(k) of the Bankruptcy Code (or any similar provision under any other applicable Debtor Relief
Laws) with respect to the ABL Priority Collateral, subject to the provision of the immediately preceding sentence; provided, that, the Term Secured Parties shall not be deemed to have agreed to any credit bid in connection with a single sale or
other Disposition of both Term Priority Collateral and ABL Priority Collateral unless such credit bid would result in the Discharge of Term Obligations on the closing date of such sale. 

(b)       Until the Discharge of all Term Obligations has occurred, the ABL Agent, for
itself and on behalf of the other ABL Secured Parties agrees that in the event of any Insolvency Proceeding, the ABL Secured Parties will not object or oppose (or support any Person in objecting or opposing), and will be deemed to have consented to
pursuant to Section 363(f) of the Bankruptcy Code or any other applicable law, (i) a motion to sell or otherwise Dispose of any Term Priority Collateral under Sections 363, 365 or 1129 of the Bankruptcy Code or any similar provisions under
any other applicable Debtor Relief Laws, free and clear of any Liens or other claims, (ii) a motion establishing notice, sale or bidding procedures for such Disposition (including any break-up fee or
other bidder protections) or (iii) a motion to permit a credit bid all or any portion of the claims of the Term Secured Parties against Term Priority Collateral under Section 363(k) of the Bankruptcy Code, in each case, if Term Agents have
consented to such sale or Disposition of such Term Priority Collateral; provided, that, (A) the terms of any proposed order approving such transaction provide for the parties’ respective Liens to attach to the proceeds of the Term Priority
Collateral that is the subject of such sale or Disposition, subject to the Lien Priorities in Section 2.1 and the other terms and conditions of this Agreement, (B) such proceeds are applied among the ABL Obligations
and the Term Obligations in accordance with Section 4.1; and (C) such motion to sell or otherwise Dispose of any Term Priority Collateral does not impair the rights of the ABL Secured Parties under Section 363(k)
of the Bankruptcy Code (except that (1) the ABL Secured Parties will be permitted to “credit bid” their claims against Term Priority Collateral (including under Section 363, 365 or 1129 of the Bankruptcy Code, or any comparable
provision of other applicable Debtor Relief Laws) in such sale only if such bid results in a Discharge of Term Obligations in cash on the closing date of such sale, including all principal of and accrued and unpaid interest and fees on and all
prepayment or acceleration penalties and premiums in respect of all Term Obligations outstanding at the time of any Disposition, and (2) the ABL Secured Parties will be permitted to “credit bid” their claims against ABL Priority
Collateral (including under Section 363, 

  
 38 

 
365 or 1129 of the Bankruptcy Code, or any comparable provision of other applicable Debtor Relief Laws) in such sale and in accordance with the terms of the ABL Documents. The ABL Agent for
itself and the other ABL Secured Parties further agree that it will not object to or oppose, or support any party in opposing, the right of the Term Secured Parties to credit bid under Section 363(k) of the Bankruptcy Code (or any similar
provision under any other applicable Debtor Relief Laws) with respect to the Term Priority Collateral, subject to the provision of the immediately preceding sentence; provided, that, the ABL Secured Parties shall not be deemed to have agreed to any
credit bid in connection with a single sale or other Disposition of both ABL Priority Collateral and Term Priority Collateral unless such credit bid would result in the Discharge of ABL Obligations on the closing date of such sale. 

Section 6.5        Separate Grants of Security and
Separate Classification. Each Term Secured Party and each ABL Secured Party acknowledges and agrees that (i) the grants of Liens pursuant to the ABL Collateral Documents and the Term Collateral Documents constitute at least two separate
and distinct grants of Liens and (ii) because of, among other things, their differing rights in the Collateral, the Term Obligations are fundamentally different from the ABL Obligations and must be separately classified in any plan of
reorganization (or other plan of similar effect under any Debtor Relief Laws) proposed or adopted in an Insolvency Proceeding. To further effectuate the intent of the parties as provided in the immediately preceding sentence, if it is held that the
claims of the ABL Secured Parties and the Term Secured Parties in respect of the Collateral constitute only one secured claim (rather than separate classes of senior and junior secured claims), then the ABL Secured Parties and the Term Secured
Parties hereby acknowledge and agree that all distributions from the Collateral shall be made as if there were separate classes of ABL Obligation claims and Term Obligation claims against the Loan Parties, with the effect being that, to the extent
that the aggregate value of the ABL Priority Collateral or Term Priority Collateral is sufficient (for this purpose ignoring all claims held by the other Secured Parties), the ABL Secured Parties or the Term Secured Parties, respectively, shall be
entitled to receive, in addition to amounts distributed to them in respect of principal, pre-petition interest and other claims, all amounts owing in respect of post-petition interest, fees and expenses that
is available from each pool of Priority Collateral for each of the ABL Secured Parties and the Term Secured Parties, respectively, (whether or not allowed or allowable in any such Insolvency Proceeding) before any distribution is made in respect of
the claims held by the other Secured Parties from such Priority Collateral, with the other Secured Parties hereby acknowledging and agreeing to turn over to the respective other Secured Parties amounts otherwise received or receivable by them from
such Priority Collateral to the extent necessary to effectuate the intent of this sentence, even if such turnover has the effect of reducing the aggregate recoveries of the Secured Parties turning over such amounts. 

Section 6.6        Reorganization Securities.
If, in any Insolvency Proceeding, debt obligations of the reorganized debtor secured by Liens on any property of the reorganized debtor are distributed pursuant to a plan of reorganization or a similar dispositive restructuring plan, both on account
of the ABL Obligations and on account of the Term Obligations, then to the extent that the debt obligations distributed on account of the ABL Obligations and on account of the Term Obligations are secured by Liens upon the same property, the
provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations. 

Section 6.7        [Reserved]. 

Section 6.8        ABL Obligations
Unconditional. All rights of the ABL Agent hereunder, and all agreements and obligations of each Term Agent hereunder, shall, except as otherwise specifically provided herein, remain in full force and effect irrespective of: 

(i)        any lack of validity or enforceability of any ABL Document; 

  
 39 

 (ii)        any change in the time,
place or manner of payment of, or in any other term of, all or any portion of the ABL Obligations, or any amendment, waiver or other modification, whether by course of conduct or otherwise, or any refinancing, replacement, refunding or restatement
of any ABL Document (but solely to the extent permitted pursuant to Section 5.2(a) hereof); 

(iii)        any exchange, release, voiding, avoidance or nonperfection of any
security interest in any Collateral or any other collateral, or any release, amendment, waiver or other modification, whether by course of conduct or otherwise, or any refinancing, replacement, refunding, restatement or increase of all or any
portion of the ABL Obligations or any guarantee or guaranty thereof; or 

(iv)        any other circumstances that otherwise might constitute a defense
available to, or a discharge of, any Loan Party in respect of the ABL Obligations, or of any Term Agent or any Loan Party, to the extent applicable, in respect of this Agreement. 

Section 6.9        Term Obligations
Unconditional. All rights of each Term Agent hereunder, all agreements and obligations of the ABL Agent hereunder, shall, except as otherwise specifically provided herein, remain in full force and effect irrespective of: 

(i)        any lack of validity or enforceability of any Term Document; 

(ii)        any change in the time, place or manner of payment of, or in any other
term of, all or any portion of the Term Obligations, or any amendment, waiver or other modification, whether by course of conduct or otherwise, or any refinancing, replacement, refunding or restatement of any Term Document (but solely to the extent
permitted pursuant to Section 5.2(b) hereof); 
 (iii)        any exchange,
release, voiding, avoidance or nonperfection of any security interest in any Collateral, or any other collateral, or any release, amendment, waiver or other modification, whether by course of conduct or otherwise, or any refinancing, replacement,
refunding, restatement or increase of all or any portion of the Term Obligations or any guarantee or guaranty thereof; or 

(iv)        any other circumstances that otherwise might constitute a defense
available to, or a discharge of, any Loan Party in respect of the Term Obligations, or of the ABL Agent or any Loan Party, to the extent applicable, in respect of this Agreement. 

Section 6.10        Claims. Each Agent, for
itself and on behalf of the respective applicable Secured Parties, agrees not to object to (or support any other Person objecting) and hereby waives any objection to any election under Section 1111(b)(2) of the Bankruptcy Code by any ABL
Secured Party (to any claims of such ABL Secured Party in respect of the ABL Priority Collateral) or Term Secured Party (to any claims of such Term Secured Party in respect of the Term Priority Collateral), as applicable, in or from such Insolvency
or Liquidation Proceeding. 

Section 6.11        Bankruptcy – Plan
Support. Without the consent of the ABL Secured Parties prior to the Discharge of ABL Obligations, the Term Secured Parties will not propose, support or vote, directly or indirectly (including by any restructuring plan support agreement) for
any Plan that is inconsistent with this Agreement. Without the consent of the Term Secured Parties prior to the Discharge of Term Obligations, the ABL Secured Parties will not propose, support or vote, directly or indirectly (including by any
restructuring plan support agreement) for any Plan that is inconsistent with this Agreement. 

Section 6.12    Applicability. This Agreement shall be applicable
both before and after the institution of any Insolvency Proceeding involving any Borrower or any other Loan Party, including, 

  
 40 

 
without limitation, the filing of any petition by or against any Borrower or any other Loan Party under any Debtor Relief Laws and all converted or subsequent cases in respect thereof, and all
references herein to any Loan Party shall be deemed to apply to the trustee for such Loan Party and such Loan Party as debtor-in- possession. The relative rights of the
ABL Secured Parties and the Term Secured Parties in or to any distributions from or in respect of any Collateral or Proceeds shall continue after the institution of any Insolvency Proceeding involving any Borrower or any other Loan Party, including,
without limitation, the filing of any petition by or against any Borrower or any other Loan Party under any Debtor Relief Laws and all converted cases and subsequent cases, on the same basis as prior to the date of such institution, subject to any
court order approving the financing of, or use of cash collateral by any Borrower or other Loan Party as debtor-in-possession, or any other court order affecting the
rights and interests of the parties hereto not inconsistent with this Agreement. This Agreement shall constitute a subordination agreement for the purposes of Section 510(a) of the Bankruptcy Code and shall be enforceable in any Insolvency
Proceeding in accordance with its terms. 

Section 6.13        Other Bankruptcy Laws. In
the event that an Insolvency Proceeding is filed in a jurisdiction other than the United States or is governed by any Debtor Relief Laws other than the Bankruptcy Code, each reference in this Agreement to a section of the Bankruptcy Code shall be
deemed to refer to the substantially similar or corresponding provision of the Debtor Relief Laws applicable to such Insolvency Proceeding, or, in the absence of any specific similar or corresponding provision of such Debtor Relief Laws, such other
general Debtor Relief Law as may be applied in order to achieve substantially the same result as would be achieved under each applicable section of the Bankruptcy Code. 

ARTICLE 7 

MISCELLANEOUS 

Section 7.1        Rights of Subrogation. Each
Term Agent, for and on behalf of itself and the applicable Term Secured Parties, agrees that no payment to the ABL Agent or any ABL Secured Party pursuant to the provisions of this Agreement shall entitle any Term Agent or any Term Secured Party to
exercise any rights of subrogation in respect thereof until the Discharge of ABL Obligations. Thereafter, the ABL Agent agrees to execute such documents, agreements, and instruments as any Term Agent or any Term Secured Party may reasonably request
to evidence the transfer by subrogation to any such Person of an interest in the ABL Obligations resulting from payments to the ABL Agent by such Person, so long as all costs and expenses (including all reasonable legal fees and disbursements)
incurred in connection therewith by the ABL Agent are paid by such Person upon request for payment thereof. The ABL Agent, for and on behalf of itself and the ABL Secured Parties, agrees that no payment to any Term Agent or any Term Secured Party
pursuant to the provisions of this Agreement shall entitle the ABL Agent or any ABL Secured Party to exercise any rights of subrogation in respect thereof until the Discharge of Term Obligations. Thereafter, each Term Agent agrees to execute such
documents, agreements, and instruments as the ABL Agent or any ABL Secured Party may reasonably request to evidence the transfer by subrogation to any such Person of an interest in the Term Obligations resulting from payments to any Term Agent by
such Person, so long as all costs and expenses (including all reasonable legal fees and disbursements) incurred in connection therewith by such Term Agent are paid by such Person upon request for payment thereof. 

Section 7.2        Further Assurances. The
parties will, at their own expense and at any time and from time to time, promptly execute and deliver all further instruments and documents, and take all further action, that may be necessary or desirable, or that either party may reasonably
request, in order to protect any right or interest granted or purported to be granted hereby or to enable the ABL Agent or any Term Agent to exercise and enforce their rights and remedies hereunder; provided, however, that no party
shall be required to pay over any payment or distribution, execute any instruments or documents, or take any 

  
 41 

 
other action referred to in this Section 7.2, to the extent that such action would contravene any law, order or other legal requirement or any of the terms or provisions of this Agreement,
and in the event of a controversy or dispute, such party may interplead any payment or distribution in any court of competent jurisdiction, without further responsibility in respect of such payment or distribution under this Section 7.2. 

Section 7.3        Representations. Each Term
Agent represents and warrants to the ABL Agent that it has the requisite power and authority under the applicable Term Documents to enter into, execute, deliver, and carry out the terms of this Agreement on behalf of itself and the applicable Term
Secured Parties and that this Agreement shall be binding obligations of such Term Agent and the applicable Term Secured Parties, enforceable against each Term Agent and the applicable Term Secured Parties in accordance with its terms. The ABL Agent
represents and warrants to each Term Agent that it has the requisite power and authority under the ABL Documents to enter into, execute, deliver, and carry out the terms of this Agreement on behalf of itself and the ABL Secured Parties and that this
Agreement shall be binding obligations of the ABL Agent and the ABL Secured Parties, enforceable against the ABL Agent and the ABL Secured Parties in accordance with its terms. 

Section 7.4        Amendments. No amendment or
waiver of any provision of this Agreement nor consent to any departure by any party hereto shall be effective unless it is in a written agreement executed by each Term Agent and the ABL Agent and, in the case of any amendment adversely affecting the
rights or obligations of any Loan Party, the applicable Loan Party, and then such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given. It is understood that the ABL Agent and each Term
Agent, without the consent of any other ABL Secured Party or Term Secured Party, may in their discretion determine that a supplemental agreement (which may take the form of an amendment and restatement of this Agreement) is necessary or appropriate
to facilitate having additional Indebtedness or other obligations of any of the Loan Parties become ABL Obligations or Term Obligations, as the case may be, under this Agreement, which supplemental agreement shall specify whether such additional
Indebtedness constitutes ABL Obligations or Term Obligations; provided that such additional Indebtedness is permitted to be incurred under any ABL Credit Agreement and any Term Loan Credit Agreement then extant in accordance with the terms thereof
and the Company shall have delivered an officer’s certificate to the ABL Agent and each Term Agent certifying to such and the holders of such additional Indebtedness (or an authorized agent or trustee on their behalf) bind themselves in writing
to the terms of this Agreement pursuant to such documents as shall be reasonably requested by, and in a form reasonably acceptable to, the ABL Agent and each Term Agent. 

Section 7.5        Addresses for Notices.
Unless otherwise specifically provided herein, any notice or other communication herein required or permitted to be given shall be in writing and may be personally served, telecopied, or sent by overnight express courier service or United States
mail and shall be deemed to have been given when delivered in person or by courier service, upon receipt of a telecopy or three (3) days after deposit in the United States mail (certified, with postage prepaid and properly addressed). For the
purposes hereof, the addresses of the parties hereto (until notice of a change thereof is delivered as provided in this Section) shall be as set forth below or, as to each party, at such other address as may be designated by such party in a written
notice to all of the other parties. 
  

			
	 ABL Agent:
	  	 Bank of America, N.A.

		  	 Business Capital

		  	 2600 West Big Beaver Road

		  	 Troy, Michigan 48084

		
		  	 Attn: Kindra Mullarky

Telecopy:
248-631-0515

  
 42 

			
		  	 With a copy to:

		
		  	 McGuireWoods LLP

		  	 77 West Wacker Drive, Suite 4100

		  	 Chicago, Illinois 60601

		  	 Attention: Philip J. Perzek

		  	 Email: pperzek@mcguirewoods.com

		
	 First Lien
	  	
	 Term Agent:
	  	 JPMorgan Chase Bank, N.A.

		  	 10 South Dearborn, Floor 7

		  	 Chicago, Illinois 60603

		  	 Attention: Joyce King

		  	 Telecopy: 888-292-9533

		
		  	 With a copy to:

		
		  	
                       
         

		  	
                       
   

		  	
                       
     

		  	 Attention:
                    

		  	
Email:                    

		
	 Second Lien
	  	
	 Term Agent:
	  	 Cortland Capital Market Services LLC

		  	 225 W. Washington St., 9th Floor

		  	 Chicago, Illinois 60606

		  	 Attention: Legal Department and Frances Real

		  	 Email: legal@cortlandglobal.com and CPCAgency@cortlandglobal.com

		  	 Telecopy: (312) 376-0751

		
		  	 With a copy to (which shall not constitute notice):

		
		  	 Holland & Knight LLP

		  	 131 South Dearborn Street, 30th Floor

		  	 Chicago, IL 60603

		  	 Attention: Joshua M. Spencer

		  	 Email: Joshua.Spencer@hklaw.com

 Section 7.6        No
Waiver; Remedies. No failure on the part of any Secured Party to exercise, and no delay in exercising, any right hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any right hereunder preclude any other
or further exercise thereof or the exercise of any other right. The remedies herein provided are cumulative and not exclusive of any remedies provided by law. 

Section 7.7        Continuing Agreement, Transfer of
Secured Obligations. This Agreement is a continuing agreement and shall (a) remain in full force and effect until the earlier of the Discharge of ABL Obligations or the Discharge of Term Obligations, (b) be binding upon the parties
and their successors and 

  
 43 

 
assigns, and (c) inure to the benefit of and be enforceable by the parties and their respective successors, transferees and assigns. Nothing herein is intended, or shall be construed to
give, any other Person any right, remedy or claim under, to or in respect of this Agreement or any Collateral. All references to any Loan Party shall include any Loan Party as
debtor-in-possession and any receiver or trustee for such Loan Party in any Insolvency Proceeding. Without limiting the generality of the foregoing clause (c), the ABL
Agent or any Term Agent may resign as ABL Agent or Term Agent, as applicable, and any ABL Secured Party or any Term Secured Party may assign or otherwise transfer all or any portion of the ABL Obligations or the Term Obligations, as applicable, to
any other Person (other than any Loan Party or any Subsidiary or Affiliate of any Loan Party), and such successor ABL Agent or successor Term Agent, or other Person shall thereupon become vested with all the rights and obligations in respect thereof
granted to the ABL Agent, any Term Agent, any ABL Secured Party, or any Term Secured Party, as the case may be, herein or otherwise. The ABL Secured Parties and the Term Secured Parties may continue, at any time and without notice to the other
parties hereto, to extend credit and other financial accommodations, lend monies and provide Indebtedness to, or for the benefit of, any Loan Party on the faith hereof. 

Section 7.8        Governing Law; Entire
Agreement. The validity, performance, and enforcement of this Agreement shall be governed by, and construed in accordance with, the laws of the State of New York without regard to conflicts of laws principles thereof but including Section 5-1401 and 5-1402 of the New York General Obligations Law. This Agreement constitutes the entire agreement and understanding among the parties with respect to the
subject matter hereof and supersedes any prior agreements, written or oral, with respect thereto. 

Section 7.9        Counterparts. This
Agreement may be executed in any number of counterparts, and it is not necessary that the signatures of all parties be contained on any one counterpart hereof, each counterpart will be deemed to be an original, and all together shall constitute one
and the same document. Delivery of an executed signature page to this Agreement by facsimile or other electronic transmission (in .pdf or similar format) shall be as effective as delivery of a manually signed counterpart of this Agreement. 

Section 7.10        No Third Party
Beneficiaries. This Agreement is solely for the benefit of the ABL Agent, ABL Secured Parties, each Term Agent and Term Secured Parties. Except as set forth in Section 7.4, no other Person (including any Loan Party or any Subsidiary or
Affiliate of any Loan Party) shall be deemed to be a third party beneficiary of this Agreement; provided that the Loan Parties and their respective Subsidiaries are intended beneficiaries and third party beneficiaries with respect to Sections
7.4 and 7.20 hereof. 

Section 7.11        Headings. The headings of
the articles and sections of this Agreement are inserted for purposes of convenience only and shall not be construed to affect the meaning or construction of any of the provisions hereof. 

Section 7.12        Severability. If any of
the provisions in this Agreement shall, for any reason, be held invalid, illegal or unenforceable in any respect, such invalidity, illegality, or unenforceability shall not affect any other provision of this Agreement and shall not invalidate the
Lien Priority or the application of Proceeds and other priorities set forth in this Agreement. 

Section 7.13        [Reserved]. 

Section 7.14        VENUE; JURY TRIAL WAIVER.

 (a)      EACH PARTY HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY SUBMITS, FOR ITSELF AND
ITS PROPERTY, TO THE NONEXCLUSIVE JURISDICTION OF THE SUPREME COURT OF THE STATE OF NEW YORK SITTING IN NEW

  
 44 

 
YORK COUNTY AND OF THE UNITED STATES DISTRICT COURT OF THE SOUTHERN DISTRICT OF NEW YORK, AND ANY APPELLATE COURT FROM ANY THEREOF, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS
AGREEMENT, OR FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, AND EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEW YORK STATE
OR, TO THE EXTENT PERMITTED BY LAW, IN SUCH FEDERAL COURT. EACH OF THE PARTIES HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY
OTHER MANNER PROVIDED BY LAW. NOTHING IN THIS AGREEMENT SHALL AFFECT ANY RIGHT THAT ANY ABL SECURED PARTY OR ANY TERM SECURED PARTY MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS AGREEMENT, ANY TERM DOCUMENTS, OR ANY ABL
DOCUMENTS AGAINST ANY LOAN PARTY OR ITS PROPERTIES IN THE COURTS OF ANY JURISDICTION. 

(b)        EACH PARTY HERETO HEREBY WAIVES ITS RESPECTIVE RIGHTS TO A JURY TRIAL OF
ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF THIS AGREEMENT OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREIN, INCLUDING CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS, AND ALL OTHER COMMON LAW OR STATUTORY CLAIMS. EACH PARTY HERETO
REPRESENTS THAT IT HAS REVIEWED THIS WAIVER AND IT KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL. IN THE EVENT OF LITIGATION, A COPY OF THIS AGREEMENT MAY BE FILED AS A WRITTEN CONSENT TO A TRIAL BY
THE COURT. 
 (c)        EACH PARTY TO THIS AGREEMENT IRREVOCABLY CONSENTS TO
SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES IN SECTION 7.5. NOTHING IN THIS AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY TO THIS AGREEMENT TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY LAW. 

Section 7.15        Intercreditor
Agreement. This Agreement is the Intercreditor Agreement referred to in the ABL Credit Agreement and the Term Loan Credit Agreement. Nothing in this Agreement shall be deemed to subordinate the obligations due to (i) any ABL Secured
Party to the obligations due to any Term Secured Party or (ii) any Term Secured Party to the obligations due to any ABL Secured Party (in each case, whether before or after the occurrence of an Insolvency Proceeding), it being the intent of the
Parties that this Agreement shall effectuate a subordination of Liens but not a subordination of Indebtedness. 

Section 7.16        No Warranties or
Liability. Each Term Agent and the ABL Agent acknowledge and agree that neither has made any representation or warranty with respect to the execution, validity, legality, completeness, collectability or enforceability of any other ABL
Document or any Term Document. Except as otherwise provided in this Agreement, each Term Agent and the ABL Agent will be entitled to manage and supervise their respective extensions of credit to any Loan Party in accordance with law and their usual
practices, modified from time to time as they deem appropriate. 

Section 7.17        Conflicts. In the event of
any conflict between the provisions of this Agreement and the provisions of any ABL Document or any Term Document, the provisions of this Agreement shall govern; provided that nothing in this Agreement shall permit any Loan Party to incur
Indebtedness or Liens not otherwise permitted by the ABL Documents and Term Documents. 

  
 45 

Section 7.18        Information Concerning Financial Condition of the Loan
Parties. 
 (a)        Each of the Term Agent, any other Term Agent and the
ABL Agent hereby assumes responsibility for keeping itself informed of the financial condition of the Loan Parties and all other circumstances bearing upon the risk of nonpayment of the ABL Obligations or the Term Obligations. Each Term Agent and
the ABL Agent hereby agree that no party shall have any duty to advise any other party of information known to it regarding such condition or any such circumstances. In the event any Term Agent or the ABL Agent, in their sole discretion, undertakes
at any time or from time to time to provide any information to any other party to this Agreement, (a) they shall be under no obligation (i) to provide any such information to such other party or any other party on any subsequent occasion,
(ii) to undertake any investigation not a part of its regular business routine, or (iii) to disclose any other information, (b) they make no representation as to the accuracy or completeness of any such information and shall not be
liable for any information contained therein, and (c) the party receiving such information hereby agrees to hold the providing party harmless from any action the receiving party may take or conclusion the receiving party may reach or draw from
any such information, as well as from and against any and all losses, claims, damages, liabilities, and expenses to which such receiving party may become subject arising out of or in connection with the use of such information. 

(b)        The Loan Parties agree that any information provided to the ABL Agent, any
Term Agent, any ABL Secured Party or any Term Secured Party may be shared by such Person with any ABL Secured Party, any Term Secured Party, the ABL Agent or any Term Agent notwithstanding a request or demand by such Loan Party that such information
be kept confidential; provided that such information shall otherwise be subject to the respective confidentiality provisions in the ABL Credit Agreement and the Term Loan Credit Agreement, as applicable. 

Section 7.19        Additional Loan
Parties. The Company agrees that if any Subsidiary shall become both an ABL Loan Party and a Term Loan Party after the date hereof, it will promptly cause such Subsidiary to execute and deliver to the ABL Agent and each Term Agent an
instrument in the form of the Acknowledgement attached hereto. The execution and delivery of such Acknowledgement shall not require the consent of any other party hereunder. 

Section 7.20        Amendment and Restatement.
This Agreement amends and restates the Prior Intercreditor Agreement in its entirety. This Agreement shall supersede the Prior Intercreditor Agreement. The parties acknowledge and agree that this Agreement does not constitute a termination of the
rights and obligations under the Prior Intercreditor Agreement, all of which are in all respects continuing under this Agreement with only the terms being modified from and after the date hereof as provided in this Agreement. 

Section 7.21        Additional Term Lender
Intercreditor Agreements; ABL Agent Reliance. 

(a)        Notwithstanding anything to the contrary contained in this Agreement, each
party hereto agrees that the Term Secured Parties (as among themselves) may enter into the Term Lender Intercreditor Agreement or other intercreditor agreements (or similar arrangements) with the Term Agents governing the rights, benefits and
privileges of Term Secured Parties with respect to the Term Obligations or a portion thereof (as among themselves), in respect of any or all of the Collateral and the applicable Term Documents, including as to the application of Proceeds of any
Collateral, voting rights, control of any Collateral and waivers with respect to any Collateral, in each case so long as the terms thereof do not violate or conflict with the provisions of this Agreement. 

(b)        Except with respect to instructions or notices which this Agreement
expressly provides may only be issued to the ABL Agent by the Designated Term Agent (with respect to which the 

  
 46 

 
terms of this Section 7.21(b) shall not apply), each of the Loan Parties and the Secured Parties agree that ABL Agent (i) will have no obligation to determine the validity or propriety
(including under the Term Lender Intercreditor Agreement or otherwise) of any Enforcement Notice or other notice or instruction it reasonably believes delivered by the Designated Term Agent or other Term Agent, as applicable, (ii) shall have no
liability to any Secured Party for action based upon or in response to any such notice or instruction and (iii) if the ABL Agent receives notices or instructions from the Term Agents that it reasonably believes to be contradictory or
inconsistent with other notices or instructions from any Term Agent or the terms of this Agreement, it may refuse to take any action or refuse to treat such notice or instruction as effective until and unless (1) it receives separate
indemnification from a Term Agent on terms acceptable to ABL Agent or (2) a court of competent jurisdiction otherwise directs the ABL Agent to take action based upon such notice or instruction. None of the foregoing provisions of this clause
(b) will limit the obligation of ABL Agent to deliver notices to any Term Agent otherwise specifically required under this Agreement. 

[SIGNATURE PAGES FOLLOW] 

  
 47 

 IN WITNESS WHEREOF, the ABL Agent, for and on behalf of itself and the ABL
Lenders, and each Term Agent, for and on behalf of itself and the Term Lenders, have caused this Agreement to be duly executed and delivered as of the date first above written. 

 

			
	
BANK OF AMERICA, N.A., in its capacity as the

ABL Agent

		
	By:	 	 /s/ Kindra M. Mullarky

		 	Name: Kindra M. Mullarky
		 	Title: SVP
	
	JPMORGAN CHASE BANK, N.A., in its capacity as the First Lien Term Agent
		
	By:	 	 /s/ Krys Szremski

		 	Name: Krys Szremski
		 	Title: Executive Director

 
			
	
	CORTLAND CAPITAL MARKET SERVICES LLC, in its capacity as the Second Lien Term Agent
		
	By:	 	 /s/ Matthew Trybula        

		 	Name: Matthew Trybula
		 	Title: Associate Counsel

  
 [Signature Page to
Amended and Restated Intercreditor Agreement] 

 
			
	The undersigned acknowledges and agrees by its signature below that concurrent with the delivery of this counterpart that Discharge of the Term Obligations owing in respect of the Bridge Credit Agreement (as such terms
are defined in the Prior Intercreditor Agreement) has occurred, it is no longer the Designated Term Agent and no longer party to the Intercreditor Agreement.
	
	CORTLAND CAPITAL MARKET SERVICES LLC, as a Term Agent
		
	 By:
	 	 /s/ Matthew Trybula

		 	 Name: Matthew Trybula

		 	 Title: Associate Counsel

  
 [Signature Page to
Amended and Restated Intercreditor Agreement] 

 ACKNOWLEDGMENT 

Each Borrower, each ABL Guarantor and each Term Guarantor hereby acknowledges that it has received a copy of this Agreement
and consents thereto, agrees to recognize all rights granted thereby to the ABL Agent and each Term Agent, and will not do any act or perform any obligation which is not in accordance with the agreements set forth in this Agreement. Each Borrower,
each ABL Guarantor and each Term Guarantor further acknowledges and agrees that, except as set forth in Section 7.10, it is not an intended beneficiary or third party beneficiary under this Agreement and (i) as between the ABL Secured
Parties and the ABL Loan Parties, the ABL Documents remain in full force and effect as written and are in no way modified hereby, and (ii) as between the Term Secured Parties, the Company and Term Guarantors, the Term Documents remain in full
force and effect as written and are in no way modified hereby. For the avoidance of doubt, the consent and acknowledgement of the Borrowers, the ABL Guarantors and the Term Guarantors herein, shall not constitute a waiver of any of their rights
available under the Loan Documents, at law or in equity. 
  

			
	 HORIZON GLOBAL CORPORATION,

a Delaware corporation

		
	By: 	 	/s/
Brian Whittman                                      
    
	Name:  Brian Whittman
	Title:  Vice President, Finance
	
	HORIZON GLOBAL AMERICAS INC.,
	a Delaware corporation
		
	By: 	 	/s/ Brian
Whittman                                        
  
	Name:  Brian Whittman
	Title:  Vice President, Finance
	
	CEQUENT UK LIMITED, a company incorporated in England and Wales with company number 08081641
		
	By: 	 	/s/ Jay
Goldbaum                                        
    
	Name:  Jay Goldbaum
	Title:  Director
	
	CEQUENT TOWING PRODUCTS OF CANADA LTD., a company formed under the laws of the Province of Ontario
		
	By: 	 	 /s/
Jay Goldbaum                                      
      

	Name:  Jay Goldbaum
	Title:  Vice President and Secretary

  
 [Signature Page to
Acknowledgment to Amended and Restated Intercreditor Agreement] 

 
			
	 HORIZON GLOBAL COMPANY LLC,

a Delaware limited liability company

		
	 By: 
	 	/s/ Brian Whittman                                 
    
	 Name: Brian Whittman

	 Title: Vice President, Finance

			
	
	 HORIZON INTERNATIONAL HOLDINGS LLC,

a Delaware limited liability company

		
	By:	 	/s/ Brian Whittman                                 
       
	 Name: Brian Whittman

	 Title: Vice President, Finance

			
	
	 CEQUENT NEDERLAND HOLDINGS B.V.,

a company formed under the laws of the Netherlands

		
	 By:
	 	 /s/
Jay Goldbaum                                      
   

	 Name: Jay Goldbaum

	 Title: Director

 
			
	
	 CEQUENT MEXICO HOLDINGS B.V.,

a company formed under the laws of the Netherlands

		
	 By:
	 	
/s/ Jay Goldbaum                  
                        

	 Name: Jay Goldbaum

	 Title: Director

	
	 CEQUENT SALES COMPANY DE MEXICO, S. DE R.L. de C.V.,

a limited liability company formed under the laws of Mexico

		
	 By:
	 	/s/ Jay Goldbaum                                 
         
	 Name: Jay Goldbaum

	 Title: Vice President and Director

  
 51 

 
					
	 CEQUENT ELECTRICAL PRODUCTS DE MEXICO, S. DE R.L. de C.V.,

a limited liability company formed under the laws of Mexico

		
	 By:
	 	 /s/ Jay
Goldbaum                                        
  

	 Name:  Jay Goldbaum

	 Title:  Vice President and Director

  
 52 

 EXHIBIT I 

[FORM OF] JOINDER AGREEMENT 

JOINDER AGREEMENT dated as of
[                ], 20[    ] to the AMENDED AND RESTATED INTERCREDITOR AGREEMENT dated as of March 15, 2019 (the “Intercreditor
Agreement”), among (I) BANK OF AMERICA, N.A., in its capacity as agent and collateral agent (together with its successors and assigns in such capacities, the “ABL Agent”), (II) JPMORGAN CHASE BANK,
N.A., in its capacity as administrative agent and collateral agent (together with its successors and assigns in such capacities, the “First Lien Term Agent”) and (III) CORTLAND CAPITAL MARKET SERVICES LLC, in
its capacity as administrative agent and collateral agent (together with its successors and assigns in such capacities, the “Second Lien Term Agent” and together with the First Lien Term Agent, collectively, the “Term
Agents”)). 
 A.        Capitalized terms used herein but not otherwise
defined herein shall have the meanings assigned to such terms in the Intercreditor Agreement. 

B.        As a condition to the ability of [    ] to
[refinance the ABL Credit Agreement, First Lien Term Loan Credit Agreement, Second Lien Term Loan Credit Agreement or [    ]] after the date of the Intercreditor Agreement and to secure [ABL Credit Agreement, Term Loan
Credit Agreement, Second Lien Term Loan Credit Agreement or [    ]] with a Lien on the Collateral, in each case under and pursuant to the collateral documents relating thereto, [the agent, trustee or other representative
in respect of such [    ]] is required, unless such agent, trustee or other representative is already a party to the Intercreditor Agreement, to become a party under, and such Indebtedness and holders of such Indebtedness
in respect thereof are required to become subject to and bound by, the Intercreditor Agreement. The undersigned (the “New Representative”) is executing this Joinder in accordance with the requirements of the ABL Documents and the
Term Documents. 
 Accordingly, the ABL Agent, each Term Agent and each New Representative agree as follows: 

Section 1.     In accordance with the Intercreditor Agreement, the New Representative by its
signature below becomes a party under, and the related Indebtedness and holders of such Indebtedness become subject to and bound by, the Intercreditor Agreement as [ABL Obligations and ABL Secured Parties][ First Lien Term Obligations and First Lien
Term Secured Parties][Second Lien Term Obligations and Second Lien Term Secured Parties], respectively, with the same force and effect as if the New Representative had originally been named therein as a party thereto, and the New Representative, on
behalf of itself and such holders of such Indebtedness, hereby agrees to all the terms and provisions of the Intercreditor Agreement applicable to it. Each reference to a [“Term Agent”] [“ABL Agent”] in the Intercreditor
Agreement shall be deemed to include the New Representative. The Intercreditor Agreement is hereby incorporated herein by reference. 

Section 2.  The New Representative represents and warrants that (a) it has full power and authority to enter
into this Joinder, in its capacity as [agent] [trustee] [representative] under [describe new facility] and (b) this Joinder has been duly authorized, executed and delivered by it and constitutes its legal, valid and binding obligation,
enforceable against it in accordance with the terms of such Joinder. 

 Section 3.   This Joinder may be executed in counterparts,
each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Joinder shall become effective when executed and delivered by the parties hereto. Delivery of an executed signature page to
this Joinder by facsimile transmission or other electronic method shall be effective as delivery of a manually signed counterpart of this Joinder. 

Section 4. Except as expressly supplemented hereby, the Intercreditor Agreement shall remain in full force and effect.

 SECTION 5.     THIS JOINDER SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF
THE STATE OF NEW YORK. 
 Section 6. In case any one or more of the provisions contained in this Joinder should be
held invalid, illegal or unenforceable in any respect, no party hereto shall be required to comply with such provision for so long as such provision is held to be invalid, illegal or unenforceable, but the validity, legality and enforceability of
the remaining provisions contained herein and in the Intercreditor Agreement shall not in any way be affected or impaired. The parties hereto shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with
valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 

Section 7. All communications and notices hereunder to the New Representative shall be given to it at the address set
forth below its signature hereto. 

  
 2 

 IN WITNESS WHEREOF, the ABL Agent, each Term Agent and each New
Representative have duly executed this Joinder to the Intercreditor Agreement as of the day and year first above written. 
  

					
	 [NAME OF NEW REPRESENTATIVE],
	  	
	         as
[             ] for the holders of
	  	
	         [
                                ],
	  	
			
	 By:
	 	  
	  	
		 	 Name:
	  	
		 	 Title:
	  	
			
		 	 Address for notices:
	  	
		 	  
	  	
		 	  
	  	
			
		 	
Attention of:                    
                                         
   
	  	
		 	
Telecopy:                     
                                         
      
	  	

					
	 BANK OF AMERICA, N.A., in its capacity as the

ABL Agent

			
	 By:      
	  	  
	  	
		  	 Name:
	  	
		  	 Title:
	  	
	
	 JPMORGAN CHASE BANK, N.A., in its capacity as the First Lien Term Agent

			
	 By:
	  	  
	  	
		  	 Name:
	  	
		  	 Title:
	  	
	
	 CORTLAND CAPITAL MARKET SERVICES LLC, in its capacity as the Second Lien Term Agent

			
	 By:
	  	  
	  	
		  	 Name:
	  	
		  	 Title:
	  	

 Schedule I 

Post-Closing Schedule 
  

	1.	 The Obligors shall take all necessary actions (subject to the Agreed Security Principles) to satisfy the items
described below within sixty (60) days after the Amendment Effective Date (or, in each case, such longer periods as the Agent may agree in writing): 

  

	 	(a)	 For each Subsidiary domiciled or organized in the United Kingdom: 

 

	 	(i)	 an English law guarantee and debenture over substantially all of its assets which may be by way of accession to
any existing debenture; 

  

	 	(ii)	 a share mortgage entered into by its shareholder relating to the mortgage over its shares;

  

	 	(iii)	 such perfection actions as are necessary under English law to perfect the security interests contemplated by
this clause (a); and 

  

	 	(iv)	 such other resolutions, legal opinions, documents, instruments and other actions as may be necessary to
effectuate the intent of the parties with respect to the Collateral located in the United Kingdom to create a first priority perfected security interest therein, subject in each case to the Intercreditor Agreement. 

 

	 	(b)	 For each Subsidiary domiciled or organized in Germany, to the extent applicable: 

 

	 	(i)	 a German law guarantee; 

 

	 	(ii)	 a German law share pledge agreement entered into by its shareholder relating to the pledge over its shares;

  

	 	(iii)	 security over substantially all of its assets located in Germany including but not limited to the following
security documents, if applicable: 

  

	 	(A)	 a German law account pledge agreement relating to all accounts held by it with banks in Germany;

  

	 	(B)	 a German law global assignment agreement relating to the assignment of accounts receivable from the selling
of goods and the provision of services as well as other accounts receivable agreed to be assigned by it (including, but not limited to, insurance claims and intercompany loan receivables); 

 

	 	(C)	 a German law security transfer agreement relating to the security transfer of all moveable (including stock
and inventory) and fixed assets over which security shall be granted; 

  

	 	(D)	 if it has any such rights, an Intellectual Property pledge agreement relating to the pledge of its
Intellectual Property rights (including, but not limited to, patents, 

	 	 
designs, utility models, trademarks, know-how and other Intellectual Property rights); 

 

	 	(E)	 if it owns any German law real estate, a land charge over the real estate held by it; 

 

	 	(F)	 if it owns any real estate, a German law security purpose agreement relating to the land charge granted by it;
and 

  

	 	(G)	 if it is party to any relevant intercompany agreements, a subordination agreement in relation to any
shareholder and intercompany loans and any other applicable, if any, intercompany claims.; 

  

	 	(iv)	 such perfection actions as are necessary under German law to perfect the security interests contemplated by
this clause (b); and 

  

	 	(v)	 such other resolutions, legal opinions, documents, instruments and other actions as may be necessary to
effectuate the intent of the parties with respect to the Collateral located in Germany to create a first priority perfected security interest therein, subject in each case to the Intercreditor Agreement. 

In connection with the preparation and delivery of the agreements to be furnished and other actions to be taken pursuant to this Schedule I by
any German Domiciled Obligor, the Required Lenders authorize the Agent to enter into such modifications to the terms of this Schedule I and the Amended and Restated ABL Guarantee and Collateral Agreement to provide for such limitations and
qualifications to the Obligations of each German Domiciled Obligor as Agent deems reasonable in its discretion. 
  

	 	(c)	 For each Subsidiary domiciled or organized in the Netherlands, to the extent applicable: 

 

	 	(i)	 A Dutch law guarantee; 

 

	 	(ii)	 a Dutch law omnibus pledge (or similar pledge agreement) over substantially all of its assets, including
without limitation, bank accounts, financial instruments, insurance rights and claims, intellectual property rights, intra-group receivables, movable assets, securities accounts and trade receivables; 

 

	 	(iii)	 a share pledge agreement, membership pledge agreement or partnership pledge agreement (as appropriate) entered
into by its shareholder, members or partners, respectively, relating to the pledge over its shares, membership interests or partnership interests; and 

  

	 	(iv)	 such perfection actions as are necessary under Dutch law to perfect the security interests contemplated by this
clause (c); 

  

	 	(v)	 such other resolutions, legal opinions, documents, instruments and other actions as may be necessary to
effectuate the intent of the parties over the Collateral located in the 

	 	 
Netherlands to create a first priority perfected security interest therein, subject in each case to the Intercreditor Agreement; 

 

	 	(vi)	 with respect to Cequent Nederland Holdings B.V., a Dutch law governed notarial deed of pledge over the shares
in the capital of Cequent Mexico Holdings B.V., made between UK Borrower as pledgor and Agent as pledgee and a Dutch law governed notarial deed of pledge over the shares in the capital of Cequent Nederland Holdings B.V., made between Horizon
International Holdings LLC as pledgor and Agent as pledgee, each in substantially the same form as the Dutch share pledges made between the same parties and dated 22 December 2015; 

 

	 	(d)	 For each Subsidiary domiciled or organized in Canada: 

 

	 	(i)	 (x) with respect to a Canadian Borrower, an amended and restated security agreement governed by the laws of the
Province of Ontario and the laws of Canada applicable therein made by and between Canadian Borrower and Agent, in substantially the same form as the Canadian Security Agreement dated as of the Closing Date, and (y) with respect to any other
Subsidiary domiciled in Canada, a security agreement governed by the laws of the applicable Canadian province and the laws of Canada applicable therein, in substantially the same form as the Canadian Security Agreement dated as of the Closing Date;

  

	 	(ii)	 such perfection actions as are necessary under Canadian law to perfect the security interests contemplated by
this clause (d); and 

  

	 	(iii)	 such other resolutions, legal opinions, documents, instruments and other actions as may be necessary to
effectuate the intent of the parties over the Collateral located in Canada to create a first priority perfected security interest therein, subject in each case to the Intercreditor Agreement. 

 

	 	(e)	 For each Subsidiary domiciled or organized in Mexico: 

 

	 	(x)	 In respect of Cequent Mexico Holdings B.V. and Cequent Sales Company de México, S. de R.L. de C.V., and
Cequent Electrical Products de México, S. de R.L. de C.V. 

  

	 	(i)	 an amendment agreement to that certain equity interest pledge agreement originally dated December 22,
2015, entered into by and among Cequent Mexico Holdings B.V. and Cequent Sales Company de México, S. de R.L. de C.V., as pledgors and the Agent as pledgee, with the acknowledgement and consent of Cequent Electrical Products de México,
S. de R.L. de C.V. (the “Cequent Electrical Equity Pledge Amendment Agreement”) ; 

  

	 	(ii)	 a copy duly certified by the Secretary of Cequent Electrical (ii) Products de México, S. de R.L.
de C.V., evidencing (i) the execution of the Cequent Electrical Equity Pledge 

	 	 
Amendment Agreement, (ii) the acknowledgement and confirmation of the pledge created pursuant to the Cequent Electrical Equity Pledge Amendment Agreement; and (iii) the power of
attorney granted by the equity interest holders of Cequent Electrical Products de México, S. de R.L. de C.V. in favor of the Agent, pursuant to the Cequent Electrical Equity Pledge Amendment Agreement; 

 

	 	(iii)	 an amendment agreement to that certain equity interest pledge agreement originally dated December 22,
2015, entered into by and among Cequent Mexico Holdings B.V. and Cequent Netherland Holdings, B.V., as pledgors and the Agent as pledgee, with the acknowledgement and consent of Cequent Sales Company de México, S. de R.L. de C.V. (the
“Cequent Sales Equity Pledge Amendment Agreement”); 

  

	 	(iv)	 a copy duly certified by the Secretary of Cequent Sales Company de México, S. de R.L. de C.V.,
evidencing (i) the execution of the Cequent Sales Equity Pledge Amendment Agreement, (ii) the acknowledgement and confirmation of the pledge created pursuant to the Cequent Sales Equity Pledge Amendment Agreement; and (iii) the power
of attorney granted by the equity interest holders of Cequent Electrical Sales Company de México, S. de R.L. de C.V. in favor of the Agent, pursuant to the Cequent Sales Equity Pledge Amendment Agreement; 

 

	 	(v)	 an amendment agreement to that certain non-possessory pledge
agreement originally dated December 22, 2015, entered into by Cequent Electrical Products de México, S. de R.L. de C.V., as pledgor and the Agent, as pledgee; 

 

	 	(vi)	 an amendment agreement to that certain non-possessory pledge
agreement originally dated December 22, 2015, entered into by Cequent Sales Company de México, S. de R.L. de C.V., as pledgor and the Agent, as pledgee; 

 

	 	(vii)	 an amendment agreement to that certain non-possessory pledge
agreement originally dated December 22, 2015, entered into by Cequent UK Limited, as pledgor and the Agent, as pledgee; 

  

	 	(viii)	 such perfection actions as are necessary under Mexican law to perfect the security interests contemplated by
this clause (e); 

  

	 	(ix)	 such other resolutions, legal opinions, documents, instruments, certificates, filings registrations and other
actions as may be necessary to effectuate the intent of the parties over the Collateral located in Mexico to create or continue creating a first priority perfected security interest therein, subject in each case to the Intercreditor Agreement.

  

	 	(y)	 In respect of any other Subsidiary domiciled in Mexico, to the extent applicable: 

	 	(i)	 an equity interest pledge agreement governed by the laws of the applicable pledgor in form and substance
similar to that certain equity interest pledge agreement originally dated December 22, 2015, entered into by and among Cequent Mexico Holdings B.V. and Cequent Sales Company de México, S. de R.L. de C.V., as pledgors and the Agent as
pledgee; 

  

	 	(ii)	 a non possessory pledge agreement governed by the laws of the applicable pledger in form and substance
similar to that certain non-possessory pledge agreement originally dated December 22, 2015, entered into by Cequent Electrical Products de México, S. de R.L. de C.V., as pledgor and the Agent, as
pledgee;; 

  

	 	(iii)	 a certificate in form and substance similar to the certificate referenced in clause (e)(x)(ii) above from
the applicable Subsidiary domiciled in Mexico evidencing (a) an applicable pledge set forth in clause (y)(i) or (y)(ii) above, as applicable, (b) a confirmation of the pledge created thereby, and (c) a power of attorney granted by the
applicable pledgor to the Agent; and 

  

	 	(iv)	 such perfection actions as are necessary under Mexican law to perfect the security interests contemplated by
this clause (e); 

  

	 	(v)	 such other resolutions, legal opinions, documents, instruments and other actions as may be necessary to
effectuate the intent of the parties over the Collateral located in Mexico to create a first priority perfected security interest therein; 

  

	2.	 All agreements, instruments, documents and legal opinion delivered pursuant to this Post- Closing Requirements
Schedule shall be in form and substance reasonably satisfactory to the Agent 

  

	3.	 Each Subsidiary domiciled in the UK, Germany, the Netherlands, Mexico or Canada (or any political subdivision
thereof) that is not already party to the Amended and Restated ABL Guarantee and Collateral Agreement shall deliver a joinder to the Amended and Restated ABL Guarantee and Collateral Agreement in form and substance satisfactory to the Agent within
twenty (20) days after the Amendment Effective Date (or such longer period as the Agent may agree in writing). 

  

	4.	 Without in anyway limiting any of the foregoing, within thirty (60) days after the Amendment Effective
Date (or, in each case, such longer periods as the Agent, may agree in writing) the Loan Parties shall furnish to the Agent: 

  

	 	(a)	 an English law debenture between the UK Borrower and the UK Security Trustee and English law share mortgage
between Cequent Nederland Holdings B.V. and the UK Security Trustee, each in substantially the same form as the English law debenture and English law share mortgage made between the same parties and dated 22 December 2015;

  

	 	(b)	 a Dutch law governed notarial deed of pledge over the shares in the capital of Cequent Mexico Holdings B.V.,
made between UK Borrower as pledgor and Agent as pledgee and a Dutch law governed notarial deed of pledge over the shares in the capital of Cequent Nederland Holdings 

	 	 
B.V., made between Horizon International Holdings LLC as pledgor and Agent as pledgee, each in substantially the same form as the Dutch share pledges made between the same parties and dated
22 December 2015; and 

  

	 	(c)	 an amended and restated security agreement governed by the laws of the Province of Ontario and the laws of
Canada applicable therein made by and between Canadian Borrower and Agent, in substantially the same form as the Canadian Security Agreement dated as of the Closing Date. 

 

	4.	 Subject to the Intercreditor Agreement, each Obligor shall have delivered to the Agent original stock
certificates and executed stock powers in blank representing 100% of the Equity Interests of each wholly-owned and direct Subsidiary of such Obligor within thirty (30) days after the Seventh Amendment Effective Date (or such longer period as
the Agent, acting at the direction of the Required Lenders, may agree), in each case to the extent, (a) such Subsidiary is domiciled or organized in the United Kingdom, Germany, Canada, Mexico or the Netherlands, and (b) such Equity
Interests are certificated. 

  

	5.	 Not later than two (2) business days following the Amendment Effective Date (or, in each case, such longer
period as the Agent, may agree in writing), the Loan Parties shall furnish to Agent a duly executed officer’s (or equivalent) certificate certifying and attaching resolutions duly adopted by the Directors of the UK Borrower appointing and
authorizing the officer of UK Borrower who signed the Seventh Amendment, Amended and Restated ABL Guaranty and Collateral Agreement and Amended and Restated ABL Intercreditor Agreement to execute and deliver the same on behalf of the UK Borrower and
ratifying all actions of such officer on behalf of the UK Borrower in connection

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