Document:

EX-10.16

 Exhibit 10.16 

Execution Version 
  

 
  

$350,000,000.00 
 CREDIT AGREEMENT

 Dated as of June 14, 2021 

among 
 TORRID INTERMEDIATE, LLC,

 as Holdings, 
 TORRID LLC,

 as Borrower, 
 BANK OF
AMERICA, N.A., 
 as Administrative Agent and Collateral Agent 

and 
 THE OTHER LENDERS PARTY
HERETO 
  
  

BOFA SECURITIES, INC., 
 MORGAN
STANLEY SENIOR FUNDING, INC., 
 GOLDMAN SACHS BANK USA and 

KKR CAPITAL MARKETS LLC 
 as Joint
Lead Arrangers and Joint Lead Bookrunners 

 TABLE OF CONTENTS 

 

					
	 	  	Page	 
		
	ARTICLE I DEFINITIONS AND ACCOUNTING TERMS	  	 	 
		
	 Section 1.01    Defined Terms
	  	 	1	 
	 Section 1.02    Other Interpretive Provisions
	  	 	107	 
	 Section 1.03    Accounting Terms
	  	 	110	 
	 Section 1.04    Rounding
	  	 	110	 
	 Section 1.05    References to Agreements, Laws, etc
	  	 	110	 
	 Section 1.06    Times of Day and Timing of Payment and Performance
	  	 	110	 
	 Section 1.07    Pro Forma and Other Calculations
	  	 	110	 
	 Section 1.08    Available Amount Transaction
	  	 	114	 
	 Section 1.09    Guaranties of Hedging Obligations
	  	 	114	 
	 Section 1.10    Currency Generally
	  	 	115	 
	 Section 1.11    Interest Rates
	  	 	115	 
		
	ARTICLE II THE COMMITMENTS AND BORROWINGS	  			
		
	 Section 2.01    The Loans
	  	 	116	 
	 Section 2.02    Borrowings, Conversions and Continuations of Loans
	  	 	116	 
	 Section 2.03    [Reserved]
	  	 	118	 
	 Section 2.04    [Reserved]
	  	 	118	 
	 Section 2.05    Prepayments
	  	 	118	 
	 Section 2.06    Termination or Reduction of Commitments
	  	 	135	 
	 Section 2.07    Repayment of Loans
	  	 	136	 
	 Section 2.08    Interest
	  	 	136	 
	 Section 2.09    Fees
	  	 	136	 
	 Section 2.10    Computation of Interest and Fees
	  	 	136	 
	 Section 2.11    Evidence of Indebtedness
	  	 	137	 
	 Section 2.12    Payments Generally
	  	 	137	 
	 Section 2.13    Sharing of Payments
	  	 	140	 
	 Section 2.14    Incremental Term Facilities
	  	 	140	 
	 Section 2.15    Refinancing Amendments
	  	 	144	 
	 Section 2.16    Extensions of Loans
	  	 	145	 
	 Section 2.17    Defaulting Lenders
	  	 	147	 
	 Section 2.18    Loan Repricing Protection
	  	 	149	 
	 Section 2.19    Permitted Debt Exchanges
	  	 	149	 
	 Section 2.20    Replacement Loans
	  	 	152	 
		
	ARTICLE III TAXES, INCREASED COSTS PROTECTION AND ILLEGALITY	  			
		
	 Section 3.01    Taxes
	  	 	153	 
	 Section 3.02    Illegality
	  	 	156	 
	 Section 3.03    Inability to Determine Rates
	  	 	157	 

  
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 TABLE OF CONTENTS 

(cont’d) 
  

 

					
	 	  	Page	 
	 Section 3.04    Increased Cost and Reduced Return; Capital Adequacy;
Reserves on Eurodollar Rate Loan
	  	 	158	 
	 Section 3.05    Funding Losses
	  	 	159	 
	 Section 3.06    Matters Applicable to All Requests for Compensation
	  	 	160	 
	 Section 3.07    Replacement of Lenders under Certain Circumstances
	  	 	161	 
	 Section 3.08    Survival
	  	 	163	 
		
	ARTICLE IV CONDITIONS PRECEDENT TO TERM BORROWINGS	  			
		
	 Section 4.01    Conditions to Term Borrowings on Closing Date
	  	 	163	 
		
	ARTICLE V REPRESENTATIONS AND WARRANTIES	  			
		
	 Section 5.01    Existence, Qualification and Power; Compliance with
Laws
	  	 	165	 
	 Section 5.02    Authorization; No Contravention
	  	 	165	 
	 Section 5.03    Governmental Authorization
	  	 	166	 
	 Section 5.04    Binding Effect
	  	 	166	 
	 Section 5.05    Financial Statements; No Material Adverse Effect
	  	 	167	 
	 Section 5.06    Litigation
	  	 	167	 
	 Section 5.07    Labor Matters
	  	 	167	 
	 Section 5.08    Ownership of Property; Liens
	  	 	167	 
	 Section 5.09    Environmental Matters
	  	 	168	 
	 Section 5.10    Taxes
	  	 	168	 
	 Section 5.11    ERISA Compliance
	  	 	168	 
	 Section 5.12    Subsidiaries
	  	 	169	 
	 Section 5.13    Margin Regulations; Investment Company Act
	  	 	169	 
	 Section 5.14    Disclosure
	  	 	169	 
	 Section 5.15    Intellectual Property; Licenses, etc
	  	 	170	 
	 Section 5.16    Solvency
	  	 	170	 
	 Section 5.17    USA PATRIOT Act; Anti-Terrorism Laws; Foreign Corrupt
Practices Act
	  	 	170	 
	 Section 5.18    Collateral Documents
	  	 	171	 
	 Section 5.19    Use of Proceeds
	  	 	171	 
		
	ARTICLE VI AFFIRMATIVE COVENANTS	  			
		
	 Section 6.01    Financial Statements
	  	 	171	 
	 Section 6.02    Certificates; Other Information
	  	 	173	 
	 Section 6.03    Notices
	  	 	175	 
	 Section 6.04    Payment of Obligations
	  	 	176	 
	 Section 6.05    Preservation of Existence, etc
	  	 	176	 
	 Section 6.06    Maintenance of Properties
	  	 	176	 
	 Section 6.07    Maintenance of Insurance
	  	 	176	 
	 Section 6.08    Compliance with Laws
	  	 	177	 
	 Section 6.09    Books and Records
	  	 	177	 

  
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 TABLE OF CONTENTS 

(cont’d) 
  

							
	 	 	 	  	Page	 
	 Section 6.10
	 	Inspection Rights	  	 	177	 
	 Section 6.11
	 	Covenant to Guarantee Obligations and Give Security	  	 	177	 
	 Section 6.12
	 	Compliance with Environmental Laws	  	 	179	 
	 Section 6.13
	 	Further Assurances and Post-Closing Covenant	  	 	179	 
	 Section 6.14
	 	Use of Proceeds	  	 	180	 
	 Section 6.15
	 	Maintenance of Ratings	  	 	180	 
	 Section 6.16
	 	Accounting Changes	  	 	180	 
	 Section 6.17
	 	Nature of Business	  	 	180	 
	 Section 6.18
	 	Designation of Subsidiaries	  	 	180	 
	 Section 6.19
	 	Transactions with Affiliates	  	 	181	 
			
		 	ARTICLE VII NEGATIVE COVENANTS	  			
			
	 Section 7.01
	 	Liens	  	 	187	 
	 Section 7.02
	 	Indebtedness	  	 	187	 
	 Section 7.03
	 	Fundamental Changes	  	 	198	 
	 Section 7.04
	 	Asset Sales	  	 	203	 
	 Section 7.05
	 	Restricted Payments	  	 	204	 
	 Section 7.06
	 	[Reserved]	  	 	216	 
	 Section 7.07
	 	Burdensome Agreements	  	 	217	 
	 Section 7.08
	 	Modification of Terms of Covered Indebtedness	  	 	221	 
	 Section 7.09
	 	Holdings	  	 	221	 
			
		 	ARTICLE VIII EVENTS OF DEFAULT AND REMEDIES	  			
			
	 Section 8.01
	 	Events of Default	  	 	223	 
	 Section 8.02
	 	Remedies upon Event of Default	  	 	225	 
	 Section 8.03
	 	Application of Funds	  	 	226	 
	 Section 8.04
	 	Expired Defaults; Net Short Lenders	  	 	227	 
		
	ARTICLE IX ADMINISTRATIVE AGENT AND OTHER AGENTS	  			
			
	 Section 9.01
	 	Appointment and Authorization of the Administrative Agent	  	 	228	 
	 Section 9.02
	 	Rights as a Lender	  	 	229	 
	 Section 9.03
	 	Exculpatory Provisions	  	 	229	 
	 Section 9.04
	 	Lack of Reliance on the Administrative Agent	  	 	230	 
	 Section 9.05
	 	Certain Rights of the Administrative Agent	  	 	231	 
	 Section 9.06
	 	Reliance by the Administrative Agent	  	 	231	 
	 Section 9.07
	 	Delegation of Duties	  	 	231	 
	 Section 9.08
	 	Indemnification	  	 	232	 
	 Section 9.09
	 	The Administrative Agent in Its Individual Capacity	  	 	232	 
	 Section 9.10
	 	Holders	  	 	233	 
	 Section 9.11
	 	Resignation by the Administrative Agent	  	 	233	 
	 Section 9.12
	 	Collateral Matters	  	 	234	 

  
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 TABLE OF CONTENTS 

(cont’d) 
  

							
	 	 	 	  	Page	 
	 Section 9.13
	 	Certain ERISA Matters	  	 	235	 
	 Section 9.14
	 	Administrative Agent May File Proofs of Claim	  	 	236	 
	 Section 9.15
	 	Appointment of Supplemental Administrative Agents	  	 	237	 
	 Section 9.16
	 	Intercreditor Agreements	  	 	238	 
	 Section 9.17
	 	Secured Cash Management Agreements and Secured Hedge Agreements	  	 	238	 
	 Section 9.18
	 	Withholding Tax	  	 	238	 
	 Section 9.19
	 	Recovery of Erroneous Payments	  	 	239	 
			
		 	ARTICLE X MISCELLANEOUS	  			
			
	 Section 10.01
	 	Amendments, etc	  	 	239	 
	 Section 10.02
	 	Notices and Other Communications; Facsimile Copies	  	 	245	 
	 Section 10.03
	 	No Waiver; Cumulative Remedies	  	 	247	 
	 Section 10.04
	 	Costs and Expenses	  	 	247	 
	 Section 10.05
	 	Indemnification by the Borrower	  	 	248	 
	 Section 10.06
	 	Marshaling; Payments Set Aside	  	 	249	 
	 Section 10.07
	 	Successors and Assigns	  	 	249	 
	 Section 10.08
	 	[Reserved]	  	 	259	 
	 Section 10.09
	 	Confidentiality	  	 	259	 
	 Section 10.10
	 	Setoff	  	 	260	 
	 Section 10.11
	 	Interest Rate Limitation	  	 	261	 
	 Section 10.12
	 	Counterparts; Integration; Effectiveness	  	 	261	 
	 Section 10.13
	 	Electronic Execution of Assignments and Certain Other Documents	  	 	261	 
	 Section 10.14
	 	Survival of Representations and Warranties	  	 	261	 
	 Section 10.15
	 	Severability	  	 	262	 
	 Section 10.16
	 	GOVERNING LAW	  	 	262	 
	 Section 10.17
	 	WAIVER OF RIGHT TO TRIAL BY JURY	  	 	263	 
	 Section 10.18
	 	Binding Effect	  	 	263	 
	 Section 10.19
	 	Lender Action	  	 	263	 
	 Section 10.20
	 	Use of Name, Logo, etc	  	 	263	 
	 Section 10.21
	 	USA PATRIOT Act	  	 	263	 
	 Section 10.22
	 	Service of Process	  	 	264	 
	 Section 10.23
	 	No Advisory or Fiduciary Responsibility	  	 	264	 
	 Section 10.24
	 	Release of Collateral and Guarantee Obligations; Subordination of Liens	  	 	264	 
	 Section 10.25
	 	[Reserved]	  	 	266	 
	 Section 10.26
	 	Judgment Currency	  	 	266	 
	 Section 10.27
	 	Acknowledgement and Consent to Bail-In of Affected Financial Institutions	  	 	267	 
	 Section 10.28
	 	Acknowledgement Regarding Any Supported QFCs	  	 	267	 

  
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 TABLE OF CONTENTS 

(cont’d) 
  

					
	 	 	 	  	Page
			
	SCHEDULES	 		  	
			
	 1.01(1)
	 	Closing Date Guarantors	  	
	 1.01(2)
	 	Existing Permitted Investments	  	
	 1.02
	 	Closing Date Unrestricted Subsidiaries	  	
	 2.01
	 	Commitments	  	
	 4.01(1)(c)
	 	Certain Collateral Documents	  	
	 5.12
	 	Subsidiaries and Other Equity Investments	  	
	 6.13
	 	Certain Post-Closing Obligations	  	
	 6.19
	 	Transactions with Affiliates	  	
	 7.02(3)
	 	Existing Indebtedness	  	
	 10.02
	 	Administrative Agent’s Office, Certain Addresses for Notices	  	
			
	 EXHIBITS
	 		  	
			
	 Form of
	 		  	
			
	 A
	 	Committed Loan Notice	  	
	 B
	 	Term Note	  	
	 C
	 	Compliance Certificate	  	
	 D-1
	 	Assignment and Assumption	  	
	 D-2
	 	Affiliated Lender Assignment and Assumption	  	
	 E
	 	Guaranty	  	
	 F
	 	Security Agreement	  	
	 G-1
	 	ABL Intercreditor Agreement	  	
	 G-2
	 	Term Intercreditor Agreement	  	
	 G-3
	 	Pari Passu Intercreditor Agreement	  	
	 H
	 	United States Tax Compliance Certificates	  	
	 I
	 	Solvency Certificate	  	
	 J
	 	Discount Range Prepayment Notice	  	
	 K
	 	Discount Range Prepayment Offer	  	
	 L
	 	Solicited Discounted Prepayment Notice	  	
	 M
	 	Acceptance and Prepayment Notice	  	
	 N
	 	Specified Discount Prepayment Notice	  	
	 O
	 	Solicited Discounted Prepayment Offer	  	
	 P
	 	Specified Discount Prepayment Response	  	
	 Q
	 	Intercompany Subordination Agreement	  	
	 R
	 	Prepayment Notice	  	

  

  
 v 

 CREDIT AGREEMENT 

This CREDIT AGREEMENT (this “Agreement”) is entered into as of June 14, 2021, by and among TORRID INTERMEDIATE, LLC, a
Delaware limited liability company (“Holdings”), TORRID LLC, a California limited liability company and direct subsidiary of Holdings (the “Borrower”), BANK OF AMERICA, N.A. (“Bank of America”), as
administrative agent (in such capacity, including any successor thereto, the “Administrative Agent”) and as collateral agent (in such capacity, including any successor thereto, the “Collateral Agent”) under the Loan
Documents, and each lender from time to time party hereto (collectively, the “Lenders” and individually, a “Lender”). 

PRELIMINARY STATEMENTS 
 The
Borrower has requested that the Lenders make available on the Closing Date to the Borrower up to $350,000,000.00 of Closing Date Term Loans, on the terms and subject to the conditions set forth herein, the proceeds of which will be used for the
purposes set forth in Section 6.14. 
 Concurrently herewith, the Borrower is entering into an amendment to the ABL Credit Agreement to
affect the amendments set forth therein. 
 The proceeds of the Loans, together with the proceeds provided under the ABL Credit Agreement
and cash on hand, will be used (A) to consummate the Closing Date Refinancing on the Closing Date, (B) to pay the Transaction Expenses and (C) to fund the Closing Date Distribution on or about the Closing Date. 

The Lenders have indicated their willingness to lend on the terms and subject to the conditions set forth herein. 

In consideration of the mutual covenants and agreements herein contained, the parties hereto covenant and agree as follows: 

ARTICLE I 
 DEFINITIONS AND
ACCOUNTING TERMS 
 Section 1.01 Defined Terms. As used in this Agreement, the following terms have the meanings set forth
below: 
 “ABL Commitments” means “Commitments” as defined in the ABL Facility. 

“ABL Credit Agreement” means the Amended and Restated Credit Agreement dated as of October 23, 2017, among Holdings (as
successor to Torrid Inc., a Delaware corporation), the Borrower, the ABL Facility Administrative Agent and the several banks and other financial institutions from time to time parties thereto, as amended by that certain First Amendment to Amended
and Restated Credit Agreement, dated as of June 14, 2019, that certain Second Amendment to Amended and Restated Credit Agreement, dated as of September 4, 2019, and as such agreement may be further amended, supplemented, waived or
otherwise modified from time to time, in each case to the extent permitted hereunder and under the ABL Intercreditor Agreement and any Refinancing Indebtedness thereof (unless such agreement, instrument or document expressly provides that it is not
intended to be and is not an ABL Credit Agreement). 

  
 1 

 “ABL Event of Default” means “Event of Default” as set forth in
the ABL Credit Agreement. 
 “ABL Facility” means the collective reference to the ABL Credit Agreement, any ABL Loan
Document, any notes and letters of credit issued pursuant thereto and any guarantee, security agreement, patent, trademark or copyright security agreements, mortgages, letter of credit applications and other guarantees, pledge agreements, security
agreements and collateral documents, and other instruments and documents, executed and delivered pursuant to or in connection with any of the foregoing, in each case as the same may be amended, supplemented, waived or otherwise modified from time to
time, or refunded, refinanced, restructured, replaced, renewed, repaid, increased or extended from time to time, in each case to the extent permitted hereunder and under the ABL Intercreditor Agreement and any Refinancing Indebtedness thereof
(unless such agreement, instrument or document expressly provides that it is not intended to be and is not an ABL Facility). 
 “ABL
Facility Administrative Agent” means Bank of America, in its capacity as administrative agent under the ABL Credit Agreement or any successor agent under the ABL Loan Documents. 

“ABL Financial Covenant” means the covenant set forth in Section 7.15 of the ABL Credit Agreement. 

“ABL Intercreditor Agreement” means the ABL Intercreditor Agreement substantially in the form of Exhibit G-1 among the Collateral Agent, Bank of America, as collateral agent under the ABL Credit Agreement and the representatives for purposes thereof for holders of one or more other classes of Indebtedness,
the Borrower and the other parties thereto, as amended, restated, supplemented or otherwise modified from time to time in accordance with the requirements thereof and of this Agreement, and which shall also include any replacement intercreditor
agreement entered into in accordance with the terms hereof. 
 “ABL Lenders” means “Lenders” under the ABL Credit
Agreement. 
 “ABL Loan Documents” means, collectively, (i) the ABL Credit Agreement and (ii) the security
documents, intercreditor agreements (including the ABL Intercreditor Agreement), guarantees, joinders and other agreements or instruments executed in connection with the ABL Facility or such other agreements, in each case, as amended, modified,
supplemented, substituted, replaced, restated or refinanced, in whole or in part, from time to time including in connection with Refinancing Indebtedness of the ABL Facility. 

“ABL Obligations” means “Obligations” as defined in the ABL Facility. 

“Acceptable Discount” has the meaning specified in Section 2.05(1)(e)(D)(2). 

  
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 “Acceptable Prepayment Amount” has the meaning specified in
Section 2.05(1)(e)(D)(3). 
 “Acceptance and Prepayment Notice” means a notice of the Borrower’s acceptance of
the Acceptable Discount in substantially the form of Exhibit M. 
 “Acceptance Date” has the
meaning specified in Section 2.05(1)(e)(D)(2). 
 “Acquired Indebtedness” means, with respect to any specified Person,

 (1) Indebtedness of any other Person existing at the time such other Person is merged, consolidated or amalgamated with or
into or became a Restricted Subsidiary of such specified Person, including Indebtedness incurred in connection with, or in contemplation of, such other Person merging, amalgamating or consolidating with or into, or becoming a Restricted Subsidiary
of, such specified Person, and 
 (2) Indebtedness secured by a Lien encumbering any asset acquired by such specified Person.

 “Acquisition Debt” has the meaning set forth in Section 7.02(b)(14)(b). 

“Additional Lender” means, at any time, any bank, other financial institution or institutional lender or investor that, in
any case, is not an existing Lender and that agrees to provide any portion of any (a) Incremental Term Loan in accordance with Section 2.14, (b) Loans pursuant to a Refinancing Amendment in accordance with Section 2.15 or
(c) Replacement Loans pursuant to Section 10.01; provided that each Additional Lender (other than any Person that is a Lender, an Affiliate of a Lender or an Approved Fund of a Lender at such time) shall be subject to the approval
of the Administrative Agent (such approval not to be unreasonably withheld, conditioned or delayed), in each case, solely to the extent that any such consent would be required from the Administrative Agent under Section 10.07(b)(iii)(B) for an
assignment of Loans to such Additional Lender. 
 “Adjusted EBITDA” means, with respect to any Person for any period, the
Consolidated Net Income of such Person and its Restricted Subsidiaries for such period: 
 (1) increased (without
duplication) by the following, in each case (other than clauses (h) and (l)) to the extent deducted (and not added back) in determining Consolidated Net Income for such period: 

(a) total interest expense and, to the extent not reflected in such total interest expense, any losses on Hedging Obligations
or other derivative instruments entered into for the purpose of hedging interest rate risk, net of interest income and gains on such Hedging Obligations or such derivative instruments, and bank and letter of credit fees and costs of surety bonds in
connection with financing activities, together with items excluded from the definition of “Consolidated Interest Expense” pursuant to the definition thereof; plus 

  
 3 

 (b) provision for taxes based on income, profits, revenue or capital,
including federal, foreign and state income, franchise, excise, value added and similar taxes, property taxes and similar taxes, and foreign withholding taxes paid or accrued during such period (including any future taxes or other levies that
replace or are intended to be in lieu of taxes, and any penalties and interest related to taxes or arising from tax examinations), and any payments to a Parent Company in respect of such taxes permitted to be made hereunder; plus 

(c) Consolidated Depreciation and Amortization Expense for such period; plus 

(d) any other non-cash expenses, charges, expenses, losses or items (including any
write-offs or write-downs) reducing Consolidated Net Income for such period (provided that if any such non-cash charges represent an accrual or reserve for potential cash items in any future period,
(i) the Borrower may determine not to add back such non-cash charge in the current period and (ii) to the extent the Borrower does decide to add back such
non-cash charge, the cash payment in respect thereof in such future period shall be subtracted from Adjusted EBITDA to such extent, and excluding amortization of a prepaid cash item that was paid in a prior
period); plus 
 (e) minority interest expense, the amount of any
non-controlling interest consisting of income attributable to non-controlling interests of third parties in any non-wholly-owned
Subsidiary deducted (and not added back) in such period to Consolidated Net Income, excluding cash distributions in respect thereof, and the amount of any reductions in arriving at Consolidated Net Income resulting from the application of Accounting
Standards Codification Topic No. 810, Consolidation; plus 
 (f) (i) the amount of management,
monitoring, consulting, transaction, advisory and other fees (including termination fees) and indemnities and expenses paid or accrued in such period under the Management Services Agreement or otherwise to the extent otherwise permitted under
Section 6.19 and (ii) the amount of payments made to option holders of such Person or any Parent Company in connection with, or as a result of, any distribution being made to shareholders of such Person or its Parent Companies, which
payments are being made to compensate such option holders as though they were shareholders at the time of, and entitled to share in, such distribution, in each case to the extent permitted hereunder; plus 

(g) the amount of loss or discount on sale of receivables, Securitization Assets and related assets to any Securitization
Subsidiary in connection with a Qualified Securitization Facility; plus 
 (h) cash receipts (or any netting
arrangements resulting in reduced cash expenditures) not representing Adjusted EBITDA or Consolidated Net Income in any period to the extent non-cash gains relating to such income were deducted in the
calculation of Adjusted EBITDA pursuant to clause (2) below for any previous period and not added back; plus 

  
 4 

 (i) any costs or expenses incurred pursuant to any management equity plan,
stock option plan or any other management or employee benefit plan, agreement or any stock subscription or shareholder agreement, to the extent that such costs or expenses are funded with cash proceeds contributed to the capital of such Person or
net cash proceeds of an issuance of Equity Interest of such Person (other than Disqualified Stock); plus 
 (j) any
net pension or other post-employment benefit costs representing amortization of unrecognized prior service costs, actuarial losses, including amortization of such amounts arising in prior periods, amortization of the unrecognized net obligation (and
loss or cost) existing at the date of initial application of FASB Accounting Standards Codification Topic 715—Compensation— Retirement Benefits, and any other items of a similar nature; plus 

(k) any net loss from operations expected to be disposed of, abandoned or discontinued within twelve months after the end of
such period; plus 
 (l) (I) pro forma “run rate” cost savings, operating expense reductions and other
synergies (in each case, net of amounts actually realized) related to acquisitions, dispositions and other specified transactions, or related to restructuring initiatives, cost savings initiatives and other initiatives that are reasonably
identifiable and projected by the Borrower in good faith to result from actions that have either been taken, with respect to which substantial steps have been taken or are expected to be taken within eight fiscal quarters after the date of
consummation of such acquisition, disposition or other specified transaction or the initiation of such restructuring initiative, cost savings initiative or other initiatives and (II) pro forma “run rate” cost savings, operating
expense reductions and synergies (in each case, net of amounts actually realized) related to the Transactions that are reasonably identifiable and projected by the Borrower in good faith to result from actions that have either been taken, with
respect to which substantial steps have been taken or are expected to be taken (in the good faith determination of the Borrower) within eight fiscal quarters after the Closing Date (it is understood and agreed that
“run-rate” means the full recurring benefit for a period that is associated with any action taken, committed to be taken or with respect to which substantial steps have been taken or are expected to
be taken); plus 
 (m) any payments in the nature of compensation or expense reimbursement made to independent board
members; plus 
 (n) costs, charges, accruals, reserves or expenses attributable to the undertaking and/or
implementation of cost savings initiatives and operating expense reductions, restructuring and similar charges, severance, relocation costs, integration and facilities and opening costs and other business optimization expenses, signing costs,
retention or completion bonuses, transition costs, costs related to closure/consolidation of facilities, stores and curtailments or modifications to pension and post-retirement employee benefits plans (including any settlement of pension
liabilities); plus 

  
 5 

 (o) expenses, charges or losses in connection with any single or one-time event, including, without limitation, in connection with the Acquisition and/or any acquisition consummated after the Closing Date (including, without limitation, legal, accounting and other professional
fees and expenses incurred in connection with acquisitions and other investments made prior to or following the Closing Date); plus 

(p) (x) adjustments, exclusions and add-backs of the type reflected in the
Sponsor’s model delivered to the Arrangers on May 14, 2021 and (y) adjustments, exclusions and add-backs of the type reflected in any other quality of earnings analysis prepared by independent
registered public accountants of recognized national standing (or any other accounting firm reasonably acceptable to the Administrative Agent) delivered by the Sponsor to the Administrative Agent in connection with Permitted Acquisitions or other
Investments after the Closing Date and (z) adjustments consistent with Regulation S-X; plus 

(q) pro forma adjustments to include the net income of Persons, assets or other lines of business that will be acquired
pursuant to a Permitted Acquisition or other similar Investment permitted hereunder for which definitive agreements have been entered into during such period and which have not been consummated as of the relevant date of determination; plus

 (r) if such period includes the results of new or remodeled stores, whether opened or remodeled prior to the Closing Date
or after the Closing Date, which have been open or remodeled for less than 24 months, the “run rate” pro forma impact of Consolidated EBITDA expected to be generated by any such new or remodeled store (net of any realized amounts) on the
36 month-anniversary following the opening or remodeling of such new store, as applicable; plus 
 (s) pre-opening expenses and “start-up costs” (as determined by the Borrower) related to the acquisition, opening, organizing and entering into of any new stores and all
other locations incurred prior to the first day the new stores or locations are determined to be open for business (as determined by the Borrower) and costs associated with upgrading, remodeling or construction of new locations or stores; 

provided that, the aggregate amount of adjustments to Adjusted EBITDA pursuant to the preceding clauses (l), (n), (o), (p)(y), (q) and
(r), taken together with the aggregate amount of adjustments pursuant to Section 1.07(3), shall not exceed 25% of Adjusted EBITDA for any period (calculated after giving effect to such adjustments set forth in Adjusted EBITDA); and 

(2) decreased (without duplication) by the following, in each case to the extent included in determining Consolidated Net
Income for such period: 

  
 6 

 (a) non-cash gains for such period
(excluding any non-cash gain to the extent it represents the reversal of an accrual or reserve for a potential cash item that reduced Consolidated Net Income or Adjusted EBITDA in any prior period other than
any such accrual or reserve that has been added back to Consolidated Net Income in calculating Adjusted EBITDA in accordance with this definition), and 

(b) the amount of any non-controlling interest consisting of loss attributable to non-controlling interests of third parties in any non-wholly owned subsidiary added (and not deducted in such period from Consolidated Net Income). 

Adjusted EBITDA of the Borrower and its Restricted Subsidiaries will be deemed to equal (i) $34.2 million for the fiscal quarter ended
August 1, 2020, (ii) $30.8 million for the fiscal quarter ended October 31, 2020, (iii) $44.0 million for the fiscal quarter ended January 30, 2021 and (iv) $73.0 million for the fiscal quarter ended May 1, 2021,
in each case and, without duplication, adjusted to reflect any pro forma adjustments with respect to any relevant Specified Transaction as are appropriate and consistent with the pro forma adjustment provisions set forth in
Section 1.07, in each case, occurring or identified after the Closing Date and not otherwise included in the calculation of the foregoing amounts; provided that, for the avoidance of doubt, such deemed Adjusted EBITDA numbers shall not
change following delivery of the financials relating to the fiscal quarter ended May 1, 2021 pursuant to Section 6.01(2). 

“Adjusted Eurodollar Rate” means, with respect to any Borrowing of Eurodollar Rate Loans for any Interest Period, an interest
rate per annum equal to the Eurodollar Rate based on clause (a) of the definition of “Eurodollar Rate” for such Interest Period multiplied by the Statutory Reserve Rate; provided that, notwithstanding the foregoing, the
“Adjusted Eurodollar Rate” shall in no event be less than 0.75% per annum with respect to the Closing Date Term Loans. The Adjusted Eurodollar Rate will be adjusted automatically as to all Borrowings of Eurodollar Rate Loans then
outstanding as of the effective date of any change in the Statutory Reserve Rate. 
 “Administrative Agent” has the meaning
specified in the introductory paragraph to this Agreement. 
 “Administrative Agent’s Office” means the Administrative
Agent’s address and, as appropriate, account as set forth on Schedule 10.02, or such other address or account as the Administrative Agent may from time to time notify the Borrower and the Lenders. 

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

“Affected Financial Institution” means (a) any EEA Financial Institution or (b) any UK Financial Institution. 

“Affiliate” of any specified Person means any other Person directly or indirectly controlling or controlled by or under
direct or indirect common control with such specified Person. For purposes of this definition, “control” (including, with correlative meanings, the terms “controlling,” “controlled by” and
“under common control with”), as used with respect to any Person, means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of such Person, whether through the
ownership of voting securities, by agreement or otherwise. 

  
 7 

 “Affiliate Transaction” has the meaning specified in Section 6.19.

 “Affiliated Lender” means, at any time, any Lender that is the Sponsor or an Affiliate of the Sponsor or an Affiliate of
the Borrower (other than (a) any Loan Party or any Subsidiary, (b) any Debt Fund Affiliate or (c) any natural person) at such time. 

“Affiliated Lender Assignment and Assumption” has the meaning specified in Section 10.07(h)(v). 

“Affiliated Lender Cap” has the meaning specified in Section 10.07(h)(iv). 

“After Year-End Investment” has the meaning specified in Section 2.05(2). 

“After Year-End Payment” has the meaning specified in Section 2.05(2). 

“Agency Fee Letter” means that certain Agency Fee Letter, dated as of May 19, 2021, by and among the Borrower,
Bank of America and BofA Securities, as amended, restated, amended and restated, supplemented or otherwise modified from time to time in accordance with the terms thereof. 

“Agent Parties” has the meaning specified in Section 10.02(4). 

“Agent-Related Persons” means the Agents, together with their respective Affiliates, and the officers, directors, employees,
agents, attorney-in-fact, partners, trustees and advisors of such Persons and of such Persons’ Affiliates. 

“Agents” means, collectively, the Administrative Agent, the Collateral Agent and the Supplemental Administrative Agents (if
any). 
 “Aggregate Commitments” means the Commitments of all the Lenders. 

“Agreement” means this Agreement, as amended, restated, amended and restated, modified or supplemented from time to time in
accordance with the terms hereof. 
 “Agreement Currency” has the meaning specified in
Section 10.26. 
 “AHYDO Payment” means any mandatory prepayment or redemption pursuant to the
terms of any Indebtedness that is intended or designed to cause such Indebtedness not to be treated as an “applicable high yield discount obligation” within the meaning of Code Section 163(i). 

“All-In Yield” means, with respect to any term loan facility or other term loans, as
of any date of determination, the sum of (i) the higher of (A) the Adjusted Eurodollar Rate on such date for a deposit in Dollars with a maturity of three months and (B) the Adjusted Eurodollar Rate “floor,” if any, with
respect thereto as of such date, (ii) the Applicable Rate (or other applicable margin) as of such date for Eurodollar Rate Loans (or other loans that accrue interest by reference 

  
 8 

 
to a similar reference rate) and (iii) the amount of OID and upfront fees thereon (converted to yield assuming a four-year average life and without any present value discount), but excluding
(x) any arrangement, commitment, structuring, underwriting, ticking, unused line fees and/or amendment fees (regardless of whether any such fees are paid to or shared in whole or in part with any Lender) and (ii) any other fee that is not
paid by the Borrower generally to all relevant Lenders ratably; provided that the amounts set forth in clauses (i) and (ii) above for any term loans that are not incurred under this Agreement shall be based on the stated
interest rate basis for such term loans. 
 “Applicable Discount” has the meaning specified in
Section 2.05(1)(e)(C)(2). 
 “Applicable Indebtedness” has the meaning specified in the definition of “Weighted
Average Life to Maturity”. 
 “Applicable Intercreditor Agreement” means (a) to the extent executed in connection
with any incurrence of Indebtedness secured by Liens on the Collateral that (i) are intended to rank equal in priority to the Liens on the ABL Priority Collateral (as defined in the ABL Intercreditor Agreement) securing the ABL Obligations and
(ii) are intended to rank junior in priority to the Liens on the Term Priority Collateral (as defined in the ABL Intercreditor Agreement) securing the Obligations, the ABL Intercreditor Agreement, (b) to the extent executed in connection
with any incurrence of Indebtedness secured by Liens on the Collateral that are intended to rank equal in priority to the Liens on the Collateral securing the Obligations (but without regard to control of remedies), each of the ABL Intercreditor
Agreement, the Term Intercreditor Agreement (if applicable) and the Pari Passu Intercreditor Agreement, (c) to the extent executed in connection with the incurrence of Indebtedness secured by Liens on the Collateral which are intended to rank
junior in priority to the Liens on the Collateral securing the Obligations or equal in priority to the Liens on the Collateral securing the Junior Priority Debt Obligations (as defined in the Term Intercreditor Agreement), the Term Intercreditor
Agreement and the ABL Intercreditor Agreement and (d) to the extent executed in connection with any incurrence of Indebtedness secured by Liens on the Collateral that are intended to rank junior in priority to the Liens securing the Obligations
and the Junior Priority Debt Obligations (as defined in the Term Intercreditor Agreement), a customary intercreditor agreement in form and substance reasonably acceptable to the Administrative Agent and the Borrower, which agreement shall provide
that the Liens on the Collateral securing such Indebtedness shall rank junior to the Liens on the Collateral securing the Obligations and the Junior Priority Debt Obligations (as defined in the Term Intercreditor Agreement). 

“Applicable Rate” means a percentage per annum equal to: 

(a) with respect to Closing Date Term Loans, a percentage per annum equal to (x) for Eurodollar Rate Loans, 5.50% and
(y) for Base Rate Loans, 4.50%. 
 (b) with respect to any Term Loans (other than Closing Date Term Loans), as specified
in the applicable Incremental Amendment, Extension Amendment, Refinancing Amendment or amendment in respect of Replacement Loans. 

  
 9 

 “Appropriate Lender” means, at any time, with respect to Loans of any
Class, the Lenders of such Class. 
 “Approved Commercial Bank” means a commercial bank with a consolidated combined
capital and surplus of at least $5,000,000,000. 
 “Approved Fund” means, with respect to any Lender, any Fund that is
administered, advised or managed by (a) such Lender, (b) an Affiliate of such Lender or (c) an entity or an Affiliate of an entity that administers, advises or manages such Lender. 

“Arrangers” means BofA Securities, Morgan Stanley, Goldman Sachs, and KCM, each in its capacity as a joint lead arranger and
joint lead bookrunner under this Agreement. 
 “Asset Sale” means: 

(1) the sale, conveyance, transfer or other disposition (including Sale-Leaseback Transactions and whether effected pursuant to
a Division or otherwise), whether in a single transaction or a series of related transactions of property or assets of the Borrower or any Restricted Subsidiary (each referred to in this definition as a “disposition”); or 

(2) the issuance or sale of Equity Interests (other than Preferred Stock or Disqualified Stock of Restricted Subsidiaries
issued in compliance with Section 7.02 and directors’ qualifying shares or shares or interests required to be held by foreign nationals or other third parties to the extent required by applicable law) of any Restricted Subsidiary (other
than to the Borrower or another Restricted Subsidiary), whether in a single transaction or a series of related transactions; 
 in each
case, other than: 
 (a) any disposition of: 

(i) Cash Equivalents or Investment Grade Securities, 

(ii) obsolete, damaged or worn out property or assets in the ordinary course of business or consistent with industry practice
or any disposition of inventory or goods (or other assets) held for sale or no longer used or useful in the ordinary course, 

(iii) assets no longer economically practicable or commercially reasonable to maintain (as determined in good faith by the
management of the Borrower), 
 (iv) improvements made to leased real property to landlords pursuant to customary terms of
leases entered into in the ordinary course of business and 

  
 10 

 (v) assets for purposes of charitable contributions or similar gifts to the
extent such assets are not material to the ability of the Borrower and its Restricted Subsidiaries, taken as a whole, to conduct its business in the ordinary course; 

(b) the disposition of any assets by the Borrower or any Restricted Subsidiary in a manner permitted pursuant to
Section 7.03; 
 (c) any disposition in connection with the making of any Restricted Payment that is permitted to be
made, and is made, under Section 7.05, any Permitted Investment or any acquisition otherwise permitted under this Agreement; 

(d) any disposition of property or assets or issuance or sale of Equity Interests of any Restricted Subsidiary with an
aggregate fair market value of less than (i) $10.0 million for any individual transaction or series of related transactions and (ii) $20.0 million for all such transactions in any fiscal year (with any unused capacity being carried forward
and applied to increase this basket in subsequent fiscal years); 
 (e) any disposition of property or assets or issuance of
securities by a Restricted Subsidiary to the Borrower or by the Borrower or a Restricted Subsidiary to a Restricted Subsidiary to the extent otherwise permitted hereunder; 

(f) to the extent allowable under Section 1031 of the Code, any exchange of like property (excluding any boot thereon) for
use in a Similar Business; 
 (g) (i) the lease, assignment or sublease, license or sublicense of any real or personal
property in the ordinary course of business or consistent with industry practice and (ii) the exercise of termination rights with respect to any lease, sublease, license or sublicense or other agreement; 

(h) any issuance, disposition or sale of Equity Interests in, or Indebtedness, assets or other securities of, an Unrestricted
Subsidiary; 
 (i) foreclosures, condemnation, expropriation, eminent domain or any similar action (including for the
avoidance of doubt, any Casualty Event) with respect to assets or the granting of Liens not prohibited hereunder; 
 (j) the
sale, conveyance, transfer or other disposition of accounts receivable, or participations therein, or Securitization Assets or related assets in connection with any Qualified Securitization Facility or the disposition of an account receivable in
connection with the collection or compromise thereof in the ordinary course of business or consistent with industry practice or in bankruptcy or similar proceedings; 

  
 11 

 (k) any financing transaction with respect to property built or acquired by
the Borrower or any Restricted Subsidiary after the Closing Date, including asset securitizations permitted hereunder; 

(l) the sale, lease, assignment, license, sublease or discount of inventory, equipment, accounts receivable, notes receivable
or other current assets in the ordinary course of business or consistent with industry practice or the conversion of accounts receivable to notes receivable or other dispositions of accounts receivable in connection with the collection thereof; 

(m) the licensing or sublicensing of IP Rights or other general intangibles in the ordinary course of business or consistent
with industry practice; 
 (n) any surrender or waiver of contract rights or the settlement, release or surrender of
contract rights or other litigation claims in the ordinary course of business or consistent with industry practice; 
 (o)
the unwinding of any Hedging Obligations; 
 (p) sales, transfers and other dispositions of Investments in joint ventures to
the extent required by, or made pursuant to, customary buy/sell arrangements between the joint venture parties set forth in joint venture arrangements and similar binding arrangements; 

(q) the lapse or abandonment of IP Rights, which in the reasonable good faith determination of the Borrower, are not material
to the conduct of the business of the Borrower and its Restricted Subsidiaries taken as a whole; 
 (r) the granting of a
Lien that is permitted under Section 7.01; 
 (s) the issuance of directors’ qualifying shares and shares of
Capital Stock of Foreign Subsidiaries issued to foreign nationals as required by applicable law; 
 (t) the disposition of
any assets (including Equity Interests) (i) acquired in a transaction permitted hereunder, which assets are not used or useful in the principal business of the Borrower and its Restricted Subsidiaries or (ii) made in connection with the
approval of any applicable antitrust authority or otherwise necessary or advisable in the good faith determination of the Borrower to consummate any acquisition permitted hereunder; 

(u) dispositions of property to the extent that such property is exchanged for credit against the purchase price of similar
replacement property; 
 (v) dispositions and transfers of property in connection with any Sale-Leaseback Transactions; 

  
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 (w) the settlement or early termination of any Permitted Bond Hedge
Transaction and the settlement or early termination of any related Permitted Warrant Transaction; 
 (x) dispositions on the
Closing Date in connection with the Transactions; 
 (y) other dispositions in an aggregate amount not to exceed the greater
of (i) $20.0 million and (ii) 12.5% of Adjusted EBITDA of the Borrower and its Restricted Subsidiaries as of the most recently ended Test Period calculated giving pro forma effect thereto in any fiscal year with unused amounts in any
fiscal year being carried forward to the immediately succeeding fiscal year. 
 “Assignee Group” means two or more Eligible
Assignees that are Affiliates of one another or two or more Approved Funds managed by the same investment advisor. 
 “Assignment
and Assumption” means an Assignment and Assumption substantially in the form of Exhibit D-1 or any other form approved by the Administrative Agent. 

“Attorney Costs” means all reasonable fees, expenses and disbursements of any law firm or other external legal counsel, to
the extent documented in reasonable detail and invoiced. 
 “Attributable Indebtedness” means, on any date, in respect of
any Capitalized Lease Obligation of any Person, the amount thereof that would appear as a liability on a balance sheet of such Person prepared as of such date in accordance with GAAP. 

“Auction Agent” means (a) the Administrative Agent or (b) any other financial institution or advisor engaged by the
Borrower (whether or not an Affiliate of the Administrative Agent) to act as an arranger in connection with any Discounted Term Loan Prepayment pursuant to Section 2.05(1)(e); provided that the Borrower shall not designate the
Administrative Agent as the Auction Agent without the written consent of the Administrative Agent (it being understood that the Administrative Agent shall be under no obligation to agree to act as the Auction Agent); provided further that
neither the Borrower nor any of its Affiliates may act as the Auction Agent. 
 “Audited Financial Statements” means an
audited balance sheet of the Borrower and its consolidated Subsidiaries as of on or about February 2, 2021, and the related audited statements of income and cash flows for the Borrower and its Subsidiaries for the fiscal year ending on or about
February 2, 2021. 
 “Available Amount” means, at any time (the “Available Amount Reference Time”),
an amount (which shall not be less than zero) equal to the sum of: 
 (1) the greater of (x) $85.0 million and (y) 50.0%
of Adjusted EBITDA of the Borrower and its Restricted Subsidiaries computed on a pro forma basis in accordance with Section 1.07 for the most recently ended Test Period as of such time; plus 

(2) the Retained Excess Cash Flow Amount; provided that this clause (2) (other than uses pursuant to
Section 7.02(34) and clause (52) of the definition of “Permitted Liens”) shall only be available for use if the Total Net Leverage Ratio for the Test Period immediately preceding such usage would be no greater than 2.00 to 1.00
after giving pro forma effect thereto; plus 

  
 13 

 (3) the amount of any common capital contributions (including mergers or
consolidations that have a similar effect), Net Proceeds from any Permitted Equity Issuance (or issuance of debt securities that have been converted into or exchanged for Qualified Equity Interests) or Net Proceeds contributed to the Borrower
following the consummation of a Qualifying IPO plus the fair market value of any Cash Equivalents and the fair market value of any assets received by the Borrower or such Restricted Subsidiary upon conversion or exchange, other than (w) the
amount of any Specified Equity Contribution, (x) any capital contributions (including mergers or consolidations that have a similar effect) or equity or debt issuances to the extent utilized in connection with other transactions permitted
pursuant to Section 7.02 and Section 7.05) received by or made to the Borrower (or any direct or indirect parent thereof and contributed by such parent to the Borrower), (y) [reserved] (z) any
non-cash capital contributions (including mergers or consolidations that have a similar effect), in each case, during the period from and including the Business Day immediately following the Closing Date
through and including the Available Amount Reference Time; plus 
 (4) the cash proceeds of any Disqualified Stock of
the Borrower and any of its Restricted Subsidiaries issued after the Closing Date (other than Disqualified Stock issued to the Borrower or any of its Restricted Subsidiaries), which has been converted into or exchanged for Capital Stock of the
Borrower, any Restricted Subsidiary or any Parent Company that does not constitute Disqualified Stock, in each case, during the period from and including the Business Day immediately following the Closing Date through and including the Available
Amount Reference Time; plus 
 (5) the Net Proceeds received by the Borrower or any Restricted Subsidiary from any
Permitted Investments made with the Available Amount plus returns, profits, distributions and similar amounts received in cash or Cash Equivalents (and non-cash returns, profits, distributions and similar
amounts immediately following the Closing Date through and including the Available Amount Reference Time in an amount not in excess of the fair market value thereof at the time of such distribution) by the Borrower and its Restricted Subsidiaries
from Permitted Investments made with the Available Amount; plus 
 (6) the aggregate amount of Declined Proceeds
during the period from the Business Day immediately following the Closing Date through and including the Available Amount Reference Time; plus 

(7) the amount of any Permitted Investments by the Borrower or any Restricted Subsidiary in any Unrestricted Subsidiary with
the Available Amount that has been re-designated as a Restricted Subsidiary or has been merged, consolidated or amalgamated with or into, or is liquidated, would up or dissolved into, the Borrower or any
Restricted Subsidiary in an amount not to exceed the lesser of (A) the fair market value (as reasonably determined by the Borrower in good faith) of the original amount of such Investment and (B) the fair market value (as reasonably
determined by the Borrower in good faith) of the property or assets of any Unrestricted Subsidiary that have been transferred, conveyed or otherwise distributed to the Borrower or any Restricted Subsidiary, in each case, during the period from and
including the Business Day immediately following the Closing Date through and including the Available Amount Reference Time; plus 

  
 14 

 (8) the fair market value of Term Loans plus all accrued and unpaid
interest thereon contributed by any Affiliated Lender to the Borrower for cancellation and extinguishment pursuant to Section 10.07(h); provided that, the fair market value of such Term Loans shall not exceed par and, if the fair market
value of such Term Loans cannot be ascertained by the Borrower, the fair market value shall be deemed to be the purchase price of such Term Loans paid by such Affiliated Lender; minus 

(9) the aggregate amount of Restricted Payments made with the Available Amount pursuant to clause (10)(Y) of
Section 7.05(b) (net of any return of capital in respect of any Investments or deemed reduction in the amount of such Investment, including, without limitation, upon the redesignation of any Unrestricted Subsidiary as a Restricted Subsidiary or
the sale, transfer, lease or other disposition of any such Investments), during the period commencing on the Closing Date through and including the Available Amount Reference Time (and, for purposes of this clause (8), without taking account of the
intended usage of the Available Amount at such Available Amount Reference Time). 
 “Available Tenor” means, as of any date
of determination and with respect to the then-current Benchmark, as applicable, (x) if the then-current Benchmark is a term rate, any tenor for such Benchmark that is or may be used for determining the length of an Interest Period or
(y) otherwise, any payment period for interest calculated with reference to such Benchmark, as applicable, pursuant to this Agreement as of such date. 

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

“Bail-In Legislation” means: 

(a) in relation 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, regulation rule or requirement for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule; and 

(b) with respect to the United Kingdom, Part I of the United Kingdom Banking Act 2009 (as amended from time to time) and any
other law, regulation or rule applicable in the United Kingdom relating to the resolution of unsound or failing banks, investment firms or other financial institutions or their affiliates (other than through liquidation, administration or other
insolvency proceedings). 
 “Bank of America” means Bank of America, N.A. 

“Bankruptcy Code” has the meaning specified in Section 8.02. 

  
 15 

 “Base Rate” means for any day a fluctuating rate per annum equal to the
highest of (a) the Federal Funds Rate plus 1⁄2 of 1.00%, (b) the Prime Rate in effect for such day and (c) the Eurodollar Rate on such day for an
Interest Period of one (1) month plus 1.00% (or, if such day is not a Business Day, the immediately preceding Business Day); provided that, notwithstanding the foregoing, the “Base Rate” shall in no event be less than
1.75% per annum with respect to the Closing Date Term Loans. 
 “Base Rate Loan” means a Loan that bears interest based on
the Base Rate. 
 “Basket” means any amount, threshold or other value permitted or prescribed with respect to any Lien,
Indebtedness, Asset Sale, Investment, Restricted Payment, transaction value, judgment or other amount under any provision in Articles V, VI, VII or VIII and the definitions related thereto. 

“Benchmark” means, initially, the Adjusted Eurodollar Rate; provided that if a replacement of the Benchmark has
occurred pursuant to Section 3.03 then “Benchmark” means the applicable Benchmark Replacement to the extent that such Benchmark Replacement has replaced such prior benchmark rate. Any reference to “Benchmark” shall include,
as applicable, the published component used in the calculation thereof. 
 “Benchmark Replacement” means: 

(1) For purposes of Section 3.03(1), the first alternative set forth below that can be determined by the Administrative
Agent: 
 (a) the sum of: (i) Term SOFR and (ii) 0.11448% (11.448 basis points) for an Available Tenor of one-month’s duration, 0.26161% (26.161 basis points) for an Available Tenor of three-months’ duration, 0.42826% (42.826 basis points) for an Available Tenor of
six-months’ duration, and 0.71513% (71.513 basis points) for an Available Tenor of twelve-months’ duration, or 

(b) the sum of: (i) Daily Simple SOFR and (ii) 0.11448% (11.448 basis points); 

provided that, if initially the Adjusted Eurodollar Rate is replaced with the rate contained in clause (b) above
(Daily Simple SOFR plus the applicable spread adjustment) and subsequent to such replacement, the Administrative Agent determines that Term SOFR has become available and is administratively feasible for the Administrative Agent in its sole
discretion, and the Administrative Agent notifies the Borrower and each Lender of such availability, then from and after the beginning of the Interest Period, relevant interest payment date or payment period for interest calculated, in each case,
commencing no less than thirty (30) days after the date of such notice, the Benchmark Replacement shall be as set forth in clause (a) above; and 

(2) For purposes of Section 3.03(2), the sum of (a) the alternate benchmark rate and (b) an adjustment (which
may be a positive or negative value or zero), in each case, that has been selected by the Administrative Agent and the Borrower as the replacement Benchmark giving due consideration to any evolving or then-prevailing market convention, including any
applicable recommendations made by a Relevant Governmental Body, for U.S. dollar-denominated syndicated credit facilities at such time; 

  
 16 

 provided that, if the Benchmark Replacement as determined pursuant to clause (1) or (2) above
would be less than 0.75%, the Benchmark Replacement will be deemed to be 0.75% for the purposes of this Agreement and the other Loan Documents. 

Any Benchmark Replacement shall be applied in a manner consistent with market practice; provided that to the extent such market
practice is not administratively feasible for the Administrative Agent, such Benchmark Replacement shall be applied in a manner as otherwise reasonably determined by the Administrative Agent. 

“Benchmark Replacement Conforming Changes” means, with respect to any Benchmark Replacement, any technical, administrative or
operational changes (including changes to the definition of “Base Rate,” the definition of “Business Day,” the definition of “Interest Period,” timing and frequency of determining rates and making payments of interest,
timing of borrowing requests or prepayment, conversion or continuation notices, the applicability and length of lookback periods, the applicability of breakage provisions, and other technical, administrative or operational matters) that the
Administrative Agent decides may be appropriate to reflect the adoption and implementation of such Benchmark Replacement and to permit the administration thereof by the Administrative Agent in a manner substantially consistent with market practice
(or, if the Administrative Agent decides that adoption of any portion of such market practice is not administratively feasible or if the Administrative Agent determines that no market practice for the administration of such Benchmark Replacement
exists, in such other manner of administration as the Administrative Agent decides is reasonably necessary in connection with the administration of this Agreement and the other Loan Documents). 

“Benchmark Transition Event” means, with respect to any then-current Benchmark other than the Eurodollar Rate, the occurrence
of a public statement or publication of information by or on behalf of the administrator of the then-current Benchmark or a Governmental Authority with jurisdiction over such administrator announcing or stating that all Available Tenors are or will
no longer be representative, or made available, or used for determining the interest rate of loans, or shall or will otherwise cease, provided that, at the time of such statement or publication, there is no successor administrator that is
satisfactory to the Administrative Agent, that will continue to provide any representative tenors of such Benchmark after such specific date. 

“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 and subject to 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”. 

  
 17 

 “BHC Act Affiliate” of a party means an “affiliate” (as such term
is defined under, and interpreted in accordance with, 12 U.S.C. 1841(k)) of such party. 
 “Board of Directors” means, for
any Person, the board of directors or other governing body of such Person or, if such Person does not have such a board of directors or other governing body and is owned or managed by a single entity, the Board of Directors of such entity, or, in
either case, any committee thereof duly authorized to act on behalf of such Board of Directors. Unless otherwise provided, “Board of Directors” means the Board of Directors of Holdings or the Borrower, as the context may require. 

“BofA Securities” means BofA Securities, Inc. 

“Borrower” means (a) Torrid LLC, a California limited liability company and (b) upon the consummation of any
transaction permitted by Section 7.03(4), the Successor Borrower. 
 “Borrower Materials” has the meaning specified in
Section 6.02. 
 “Borrower Offer of Specified Discount Prepayment” means any offer by any Borrower Party to make a
voluntary prepayment of Loans at a specified discount to par pursuant to Section 2.05(1)(e)(B). 
 “Borrower Parties”
means the collective reference to Holdings, the Borrower and each Subsidiary of the Borrower and “Borrower Party” means any of them. 

“Borrower Solicitation of Discount Range Prepayment Offers” means the solicitation by any Borrower Party of offers for, and
the corresponding acceptance by a Lender of, a voluntary prepayment of Loans at a specified range of discounts to par pursuant to Section 2.05(1)(e)(C). 

“Borrower Solicitation of Discounted Prepayment Offers” means the solicitation by any Borrower Party of offers for, and the
subsequent acceptance, if any, by a Lender of, a voluntary prepayment of Loans at a discount to par pursuant to Section 2.05(1)(e)(D). 

“Borrowing” means a borrowing consisting of Loans of the same Class and Type made, converted or continued on the same
date and, in the case of Eurodollar Rate Loans, having the same Interest Period. 
 “Business Day” means any day that is
not a Legal Holiday and, with respect to any interest rate settings as to a Eurodollar Rate Loan, any fundings, disbursements, settlements and payments in respect of any such Eurodollar Rate Loan, or any other dealings to be carried out pursuant to
this Agreement in respect of any such Eurodollar Rate Loan, any day on which dealings in deposits in Dollars are conducted by and between banks in the London interbank eurodollar market. 

“Capital Expenditures” means, for any period, the aggregate of all expenditures (whether paid in cash or accrued as
liabilities and including in all events all amounts expended or capitalized under Capitalized Lease Obligations) by the Borrower and the Restricted Subsidiaries during such period that, in conformity with GAAP, are or are required to be included as
capital expenditures on the consolidated statement of cash flows of Cayman Holdings and the Restricted Subsidiaries. 

  
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 “Capital Stock” means: 

(1) in the case of a corporation or exempted company, corporate stock or shares in the capital of such corporation or exempted
company; 
 (2) in the case of an association or business entity, any and all shares, interests, participations, rights or
other equivalents (however designated) of corporate stock; 
 (3) in the case of a partnership, exempted limited partnership
or limited liability company, partnership or membership interests (whether general or limited); and 
 (4) any other interest
or participation that confers on a Person the right to receive a share of the profits and losses of, or distributions of assets of, the issuing Person, but excluding from all of the foregoing any debt securities convertible into or exchangeable for
Capital Stock, whether or not such debt securities include any right of participation with Capital Stock. 
 “Capitalized Lease
Obligation” means, at the time any determination thereof is to be made, the amount of the liability in respect of a capital lease that would at such time be required to be capitalized and reflected as a liability on a balance sheet
(excluding the footnotes thereto) prepared in accordance with GAAP. 
 “Capitalized Software Expenditures” means, for any
period, the aggregate of all expenditures (whether paid in cash or accrued as liabilities) by a Person and its Restricted Subsidiaries during such period in respect of licensed or purchased software or internally developed software and software
enhancements that, in conformity with GAAP, are or are required to be reflected as capitalized costs on the consolidated balance sheet of a Person and its Restricted Subsidiaries. 

“Captive Insurance Subsidiary” means any Subsidiary of the Borrower that is subject to regulation as an insurance company (or
any Subsidiary thereof). 
 “Cash Collateral Account” means an account held at, and subject to the sole dominion and
control of, the Collateral Agent. 
 “Cash Equivalents” means: 

(1) Dollars; 

(2) [reserved]; 

(3) local currencies held by the Borrower or any Restricted Subsidiary from time to time in the ordinary course of business or
consistent with industry practice; 
 (4) readily marketable direct obligations issued or directly and fully and
unconditionally guaranteed or insured by the U.S. government or any agency or instrumentality thereof the securities of which are unconditionally guaranteed as a full faith and credit obligation of such government with maturities of 36 months
or less from the date of acquisition; 

  
 19 

 (5) certificates of deposit, time deposits and eurodollar time deposits with
maturities of three years or less from the date of acquisition, demand deposits, bankers’ acceptances with maturities not exceeding three years and overnight bank deposits, in each case with any domestic or foreign commercial bank having
capital and surplus of not less than $500.0 million in the case of U.S. banks and $100.0 million (or the U.S. dollar equivalent as of the date of determination) in the case of
non-U.S. banks; 
 (6) repurchase obligations for underlying securities of the
types described in clauses (4) and (5) above or clauses (7) and (8) below entered into with any financial institution or recognized securities dealer meeting the qualifications specified in clause (5) above; 

(7) commercial paper and variable or fixed rate notes rated at least P-2 by
Moody’s or at least A-2 by S&P (or, if at any time neither Moody’s nor S&P is rating such obligations, an equivalent rating from another Rating Agency) and in each case maturing within 36
months after the date of acquisition thereof; 
 (8) marketable short-term money market and similar liquid funds having a
rating of at least P-2 or A-2 from either Moody’s or S&P, respectively (or, if at any time neither Moody’s nor S&P is rating such obligations, an
equivalent rating from another Rating Agency); 
 (9) securities issued or directly and fully and unconditionally guaranteed
by any state, commonwealth or territory of the United States or any political subdivision or taxing authority of any such state, commonwealth or territory or any public instrumentality thereof having maturities of not more than 36 months from the
date of acquisition thereof; 
 (10) readily marketable direct obligations issued or directly and fully and unconditionally
guaranteed by any foreign government or any political subdivision or public instrumentality thereof, in each case having an Investment Grade Rating from either Moody’s or S&P (or, if at any time neither Moody’s nor S&P is rating
such obligations, an equivalent rating from another Rating Agency selected by the Borrower) with maturities of 36 months or less from the date of acquisition; 

(11) Indebtedness or Preferred Stock issued by Persons with a rating of “A” or higher from S&P or “A2”
or higher from Moody’s (or, if at any time neither Moody’s nor S&P is rating such obligations, an equivalent rating from another Rating Agency) with maturities of 24 months or less from the date of acquisition; 

(12) Investments with average maturities of 36 months or less from the date of acquisition in money market funds rated AAA- (or the equivalent thereof) or better by S&P or Aaa3 (or the equivalent thereof) or better by Moody’s (or, if at any time neither Moody’s nor S&P is rating such obligations, an equivalent
rating from another Rating Agency); 

  
 20 

 (13) investment funds investing substantially all of their assets in
securities of the types described in clauses (1) through (12) above; and 
 (14) solely with respect to any Captive
Insurance Subsidiary, any investment that the Captive Insurance Subsidiary is not prohibited to make in accordance with applicable law. 
 In the case of
Investments by any Foreign Subsidiary or Investments made in a country outside the United States of America, Cash Equivalents will also include (i) investments of the type and maturity described in clauses (1) through (14) above of foreign
obligors, which investments or obligors (or the parents of such obligors) have ratings described in such clauses or equivalent ratings from comparable foreign rating agencies and (ii) other short-term investments utilized by Foreign
Subsidiaries in accordance with normal investment practices for cash management in investments analogous to the foregoing investments in clauses (1) through (14) and in this paragraph. 

“Cash Management Agreement” means any agreement entered into from time to time by Holdings, the Borrower or any Restricted
Subsidiary in connection with cash management services for collections, other Cash Management Services and for operating, payroll and trust accounts of such Person, including automatic clearing house services, controlled disbursement services,
electronic funds transfer services, information reporting services, lockbox services, stop payment services and wire transfer services. 

“Cash Management Bank” means any Person that is an Agent, an Arranger, a Lender or an Affiliate of an Agent or Lender at the
time it entered into a Cash Management Agreement, whether or not such Person subsequently ceases to be an Agent, an Arranger, a Lender or an Affiliate of an Agent or Lender. 

“Cash Management Obligations” means obligations owed by Holdings, the Borrower or any Restricted Subsidiary to any Cash
Management Bank in connection with, or in respect of, any Cash Management Services. 
 “Cash Management Services” means
(a) commercial credit cards, merchant card services, purchase or debit cards, including non-card e-payables services, (b) treasury management services
(including controlled disbursement, overdraft, automatic clearing house fund transfer services, return items and interstate depository network services), (c) foreign exchange, netting and currency management services and (d) any other demand
deposit or operating account relationships or other cash management services, including under any Cash Management Agreements. 

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

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

  
 21 

 “CFC Holdco” means a Domestic Subsidiary that has no material assets
(directly or through one or more disregarded entities) other than the Equity Interests and, if applicable, indebtedness in one or more Foreign Subsidiaries that are CFCs, including the indirect ownership of such Equity Interests or indebtedness.

 “Change in Law” means the occurrence, after the Closing Date, of any of the following: (a) the adoption of any law,
rule, regulation or treaty (excluding the taking effect after the Closing Date of a law, rule, regulation or treaty adopted prior to the Closing Date), (b) any change in any law, rule, regulation or treaty or in the administration, interpretation or
application thereof by any Governmental Authority or (c) the making or issuance of any request, guideline or directive (whether or not having the force of law) by any Governmental Authority. It is understood and agreed that (i) the
Dodd–Frank Wall Street Reform and Consumer Protection Act (Public Law 111 203, H.R. 4173), all Laws relating thereto and all interpretations and applications thereof and (ii) all requests, rules, guidelines or directives promulgated by the
Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States regulatory authorities, in each case pursuant to Basel III, shall, for the purpose of this Agreement, be
deemed to be adopted subsequent to the Closing Date. 
 “Change of Control” means the occurrence of any of the following
after the Closing Date: 
 (1) at any time prior to the consummation of a Qualifying IPO after the Closing Date, the
Permitted Holders ceasing to beneficially own (as defined in Rules 13d-3 and 13d-5 under the Exchange Act), in the aggregate, directly or indirectly, at least a majority
of the aggregate ordinary voting power represented by the issued and outstanding Equity Interests of the Borrower or any Parent Company; or 

(2) at any time following the consummation of a Qualifying IPO after the Closing Date, (a) any Person (other than a
Permitted Holder) or (b) Persons (other than one or more Permitted Holders) constituting a “group” (as such term is used in Sections 13(d) and 14(d) of the Exchange Act), becoming the “beneficial owner” (as defined in
Rules 13(d)-3 and 13(d)-5 under such Act) of Equity Interests of the Borrower or such Parent Company representing more than forty percent (40%) of the aggregate ordinary
voting power represented by the issued and outstanding Equity Interests of the Borrower or such Parent Company, as applicable, and the percentage of aggregate ordinary voting power so held is greater than the percentage of the aggregate ordinary
voting power represented by the Equity Interests of the Borrower or such Parent Company, as applicable, beneficially owned, directly or indirectly, in the aggregate by the Permitted Holders; or 

(3) Holdings shall cease to be the registered owner of 100% of the Equity Interests of the Borrower unless in connection with
the consummation of a Qualifying IPO by the Borrower. 
 unless, in the case of clause (1) or (2) above, the Permitted Holders have, at such time, the
right or the ability by voting power, contract or otherwise to elect or designate for election at least a majority of the board of directors of the Borrower or any Parent Company. 

“Claim” means any actions, suits or written demands or claims. 

  
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 “Class” means (i) with respect to Commitments or Loans, those of such
Commitments or Loans that have the same terms and conditions (without regard to differences in the Type of Loan, Interest Period, upfront fees, OID or similar fees paid or payable in connection with such Commitments or Loans, or differences in tax
treatment (e.g., “fungibility”)) and (ii) with respect to Lenders, those of such Lenders that have Commitments or Loans of a particular Class. 

“Closing Date” means the first date on which all the conditions precedent in Section 4.01 are satisfied or waived in
accordance with Section 10.01, and the Closing Date Term Loans are made to the Borrower pursuant to Section 2.01(1), which date was June 14, 2021. 

“Closing Date Distribution” means a special cash dividend to the direct and indirect holders of Equity Interests of the
Borrower. 
 “Closing Date Refinancing” means (i) the repayment and discharge of the Existing Credit Agreement,
(ii) the termination of all commitments to extend credit thereunder and (iii) the termination and/or release of all guarantees and security granted in connection therewith. 

“Closing Date Term Loan Commitment” means, as to each Term Lender, its obligation to make a Closing Date Term Loan to the
Borrower in an aggregate amount not to exceed the amount specified opposite such Lender’s name under on Schedule 2.01 under the caption “Closing Date Term Loan Commitment” or in the Assignment and Assumption
(or Affiliated Lender Assignment and Assumption) pursuant to which such Term Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement (including pursuant to Section 2.14,
2.15, 2.16 or 10.01). The initial aggregate amount of the Closing Date Term Loan Commitments is $350,000,000.00. 
 “Closing Date
Term Loans” means the Term Loans made by the Lenders on the Closing Date to the Borrower pursuant to Section 2.01. 

“Code” means the U.S. Internal Revenue Code of 1986, as amended. 

“Collateral” means all the “Collateral” (or equivalent term) as defined in any Collateral Document. 

“Collateral Agent” has the meaning specified in the introductory paragraph to this Agreement. 

“Collateral and Guarantee Requirement” means, at any time, the requirement that: 

(1) the Collateral Agent shall have received each Collateral Document required to be delivered (a) on the Closing Date
pursuant to Section 4.01(1)(c) or (b) pursuant to Section 6.11 or 6.13 at such time required by such Sections to be delivered, in each case, duly executed by each Loan Party that is party thereto; 

(2) all Obligations shall have been unconditionally guaranteed by (a) Holdings (or any successor thereto), (b) each
Restricted Subsidiary of the Borrower that is a wholly owned Material Domestic Subsidiary (other than any Excluded Subsidiary), which as of the Closing Date shall include those that are listed on Schedule 1.01(1) hereto,
(c) any 

  
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Restricted Subsidiary of the Borrower that Guarantees (or is the borrower or issuer of) (i) any Permitted Incremental Equivalent Debt, (ii) any Credit Agreement Refinancing Indebtedness
and/or (iii) the ABL Facility and (d) the Borrower (other than with respect to its direct Obligations as a primary obligor) (the Persons in the preceding clauses (a) through (d) collectively, the “Guarantors”); 

(3) except to the extent otherwise provided hereunder or under any Collateral Document, the Obligations and the Guaranty shall
have been secured by a perfected security interest with the priority set forth in the Applicable Intercreditor Agreement, subject only to Liens permitted by Section 7.01, in: 

(a) all the Equity Interests of the Borrower, 

(b) all Equity Interests of each direct, wholly owned Material Domestic Subsidiary (other than any CFC Holdco) that is directly
owned by any Loan Party, and 
 (c) 65% of the issued and outstanding voting Equity Interests and 100% of the issued and
outstanding Equity Interests that are not voting Equity Interests of each (i) wholly owned Material Domestic Subsidiary that is (a) a CFC Holdco and (b) directly owned by the Borrower or any Subsidiary Guarantor and (ii) Foreign
Subsidiary that is directly owned by any Loan Party; 
 (4) except to the extent otherwise provided hereunder, including
subject to Liens permitted by Section 7.01 or under any Collateral Document and in each case subject to exceptions and limitations otherwise set forth in this Agreement and the Collateral Documents, the Obligations and the Guaranty shall have
been secured by a security interest in substantially all tangible and intangible personal property of the Borrower and each Guarantor (including accounts other than Securitization Assets), including all accounts, deposit accounts, inventory,
equipment, investment property, contract rights, applications and registrations of IP Rights filed in the United States, instruments, chattel paper and documents, letter of credit rights, commercial tort claims, other general intangibles, and
proceeds of the foregoing, in each case, 
 (a) that has been perfected (to the extent such security interest may be
perfected) by: 
 (i) delivering certificated securities, intercompany notes and other instruments in which a security
interest can be perfected by physical control, in each case to the extent required hereunder or the Security Agreement; 

(ii) filing financing statements under the Uniform Commercial Code; or 

(iii) making any necessary filings with the United States Patent and Trademark Office or United States Copyright Office; and

  
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 (b) with the priority required by the Collateral Documents; provided
that any such security interests in the Collateral shall be subject to the terms of the Applicable Intercreditor Agreements. 
 The
Collateral Agent may grant extensions of time for the creation, perfection or maintenance of security interests in particular assets (including extensions beyond the Closing Date for the creation, perfection or maintenance of security interests in
the assets of the Loan Parties on such date) where it reasonably determines, in consultation with the Borrower, that creation or perfection cannot be accomplished without undue effort or expense by the time or times at which it would otherwise be
required by this Agreement or the Collateral Documents. 
 Notwithstanding the foregoing provisions of this definition or anything in this
Agreement or any other Loan Document to the contrary: 
 (A) Liens required to be granted from time to time pursuant to the
Collateral and Guarantee Requirement shall be subject to exceptions and limitations set forth in the Collateral Documents and, to the extent appropriate in the applicable jurisdiction, as agreed between the Administrative Agent and the Borrower;

 (B) the Collateral and Guarantee Requirement shall not apply to any Excluded Assets; 

(C) no deposit account control agreement, securities account control agreement or other control agreements or control
arrangements shall be required with respect to any deposit account, securities account or other asset specifically requiring perfection through control agreements except to the extent required under the ABL Facility; provided, however, that
this requirement shall be deemed satisfied for so long as the ABL Facility Administrative Agent is acting as agent for the benefit of the Collateral Agent pursuant to the ABL Intercreditor Agreement with respect to any deposit account control
agreement or securities account control agreement governed by New York law to which the ABL Facility Administrative Agent is a party; provided, further, however, that in no event shall the Borrower or any Guarantor be required
to execute or deliver (or maintain in effect) any deposit account control agreement or securities account control agreement if there is no ABL Facility then in effect or such control agreement is not otherwise required to be delivered to the ABL
Facility Administrative Agent under the terms of the ABL Facility; 
 (D) no actions in any jurisdiction other than the
U.S. or that are necessary to comply with the Laws of any jurisdiction other than the U.S. shall be required in order to create any security interests in assets located, titled, registered, applied for, filed, or arising under laws outside
of the U.S. or to perfect such security interests (it being understood that there shall be no security agreements, pledge agreements, or share charge (or mortgage) agreements governed under the Laws of any jurisdiction other than the U.S.) and
there shall be no requirement to deliver landlord lien waivers, estoppels and collateral access letters; 
 (E) no stock
certificates of Subsidiaries other than Material Subsidiaries shall be required to be delivered to the Collateral Agent; and 

  
 25 

 (F) no perfection steps shall be required with respect to (i) letter of
credit rights, except to the extent constituting a support obligation for other Collateral as to which perfection is accomplished solely by the filing of a UCC financing statement (it being understood that no actions shall be required to perfect a
security interest in letter of credit rights, other than the filing of a UCC financing statement), (ii) commercial tort claims with a value of less than $15.0 million, (iii) motor vehicles and other assets subject to certificates of title
to the extent a Lien thereon cannot be perfected by the filing of a UCC financing statement, and (iv) promissory notes evidencing debt for borrowed money in a principal amount of less than $15.0 million. 

“Collateral Documents” means, collectively, the Security Agreement, the Intellectual Property Security Agreements, each of
the collateral assignments, security agreements, pledge agreements or other similar agreements delivered to the Administrative Agent, Collateral Agent or the Lenders pursuant to Sections 4.01(1)(c), 6.11 or
6.13 and each of the other agreements, instruments or documents that creates or purports to create a Lien in favor of the Collateral Agent for the benefit of the Secured Parties. 

“Commitment” means Closing Date Term Loan Commitments, Incremental Term Loan Commitment, Refinancing Commitments or Extended
Commitments, or any commitment in respect of Replacement Loans, as the context may require. 
 “Committed Loan Notice”
means a notice of (1) a Borrowing with respect to a given Class of Loans, (2) a conversion of Loans of a given Class from one Type to the other or (3) a continuation of Eurodollar Rate Loans of a given Class, pursuant to
Section 2.02(1), which, if in writing, shall be substantially in the form of Exhibit A or such other form as may be approved by the Administrative Agent, including any form on an electronic platform or electronic
transmission system as shall be approved by the Administrative Agent, appropriately completed and signed by a Responsible Officer of the Borrower. 

“Commodity Exchange Act” means the Commodity Exchange Act (7 U.S.C. §1 et. seq.), as amended from time to time and any
successor statute. 
 “Compensation Period” has the meaning specified in Section 2.12(3)(b). 

“Compliance Certificate” means a certificate substantially in the form of Exhibit C and which
certificate shall in any event be a certificate of a Financial Officer of the Borrower 
 (1) certifying as to whether an
Event of Default has occurred and is continuing and, if applicable, specifying the details thereof and any action taken or proposed to be taken with respect thereto (in each case, other than any Event of Default with respect to which the
Administrative Agent has otherwise obtained notice in accordance with Section 6.03(1)); and 
 (2) in the case of
financial statements delivered under Section 6.01(1), setting forth reasonably detailed calculations of (i) Excess Cash Flow for each fiscal year commencing with the financial statements for the fiscal year ended on or about
January 31, 2023 of the Borrower and (ii) the Net Proceeds received during the applicable period by or on behalf of the Borrower or any Restricted Subsidiary in respect of any Asset Sale or Casualty Event subject to prepayment pursuant to
Section 2.05(2)(b)(i) and the portion of such Net Proceeds that has been invested or is intended to be reinvested in accordance with Section 2.05(2)(b)(ii). 

  
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 “Consolidated Cash Interest Charges” means, as of any date for the
applicable period ending on such date with respect to any Person and its Restricted Subsidiaries on a consolidated basis, the Consolidated Interest Expense determined on a cash basis only and solely in respect of Indebtedness of the type described
in clause (1) of the definition thereof and solely in respect of debt for borrowed money and excluding, for the avoidance of doubt, (i) any non-cash interest expense, including capitalized interest,
whether paid or accrued, (ii) the amortization of original issue discount resulting from the issuance of Indebtedness at less than par, (iii) amortization of deferred financing costs, debt issuance costs, commissions, fees and expenses,
(iv) any expenses resulting from discounting of indebtedness in connection with the application of recapitalization accounting or purchase accounting, (v) penalties or interest related to taxes and any other amounts of noncash interest
resulting from the effects of acquisition method accounting or pushdown accounting, (vi) the accretion or accrual of, or accrued interest on, discounted liabilities (other than Indebtedness) during such period,
(vii) non-cash interest expense attributable to the movement of the mark-to-market valuation of obligations under hedging
agreements or other derivative instruments pursuant to FASB Accounting Standards Codification No. 815-Derivatives and Hedging, (viii) any one-time cash costs
associated with breakage in respect of Hedge Agreements for interest rates, (ix) any payments with respect to make whole premiums or other breakage costs of any Indebtedness, (viii) all non-recurring
interest expense consisting of liquidated damages for failure to timely comply with registration rights obligations, all as calculated on a consolidated basis in accordance with GAAP and (ix) expensing of bridge, arrangement, structuring,
commitment or other financing fees. 
 “Consolidated Current Assets” means, as at any date of determination, the total
assets of any Person and its Restricted Subsidiaries on a consolidated basis that may properly be classified as current assets in conformity with GAAP, excluding cash and Cash Equivalents, amounts related to current or deferred taxes based on income
or profits, assets held for sale, loans (permitted) to third parties, pension assets, deferred bank fees, derivative financial instruments and any assets in respect of Hedge Agreements, and excluding the effects of adjustments pursuant to GAAP
resulting from the application of recapitalization accounting or purchase accounting, as the case may be, in relation to the Transactions or any consummated acquisition. 

“Consolidated Current Liabilities” means, as at any date of determination, the total liabilities of any Person and its
Restricted Subsidiaries on a consolidated basis that may properly be classified as current liabilities in conformity with GAAP, excluding (A) the current portion of any Funded Debt and other long-term liabilities, (B) the current portion
of interest, (C) accruals for current or deferred taxes based on income or profits, (D) accruals of any costs or expenses related to restructuring reserves or severance, (E) all Indebtedness consisting of Loans (as defined in the ABL
Facility), Swing Line Loans (as defined in the ABL Facility) and L/C Obligations (as defined in the ABL Facility) to the extent otherwise included therein or any other revolving loans, swingline loans and letter of credit obligations under any other
revolving credit facility, (F) the current portion of any Capitalized Lease Obligation, (G) deferred revenue arising from cash receipts that are earmarked for specific projects, (H) liabilities in respect of unpaid earn-outs,
(I) the current portion of any other long-term liabilities, (J) accrued litigation settlement costs and (K) any liabilities in respect of Hedge Agreements, and, furthermore, excluding the effects of adjustments pursuant to GAAP resulting
from the application of recapitalization accounting or purchase accounting, as the case may be, in relation to the Transactions or any consummated acquisition. 

  
 27 

 “Consolidated Depreciation and Amortization Expense” means, with respect to
any Person for any period, the total amount of depreciation and amortization expense of such Person and its Restricted Subsidiaries, including the amortization of intangible assets, deferred financing fees, debt issuance costs, commissions, fees and
expenses and amortization of Capitalized Software Expenditures of such Person and its Restricted Subsidiaries for such period on a consolidated basis and otherwise determined in accordance with GAAP. 

“Consolidated First Lien Debt” means as of any date of determination, with respect to any Person and its Restricted
Subsidiaries, (a) Loans under this Agreement (including any Incremental Term Loans), Loans (as defined in the ABL Facility) under the ABL Facility (including any Incremental Revolving Credit Loans (as defined in the ABL Credit Agreement)),
Capitalized Lease Obligations and other Consolidated Total Debt secured by Collateral (or any portion thereof) on an equal priority basis (but without regard to the control of remedies) with Liens securing the Obligations or the Liens securing the
ABL Obligations minus (b) without duplication, the aggregate amount of unrestricted cash and Cash Equivalents included in the consolidated balance sheet of such Person and its Restricted Subsidiaries as of such date (but excluding cash and Cash
Equivalents which are listed as “Restricted” on such balance sheet), which aggregate amount of cash and Cash Equivalents shall be determined without giving pro forma effect to the proceeds of Indebtedness incurred on such date. 

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

(1) consolidated interest expense of such Person and its Restricted Subsidiaries for such period, to the extent such expense
was deducted (and not added back) in computing Consolidated Net Income (including (a) amortization of original issue discount or premium resulting from the issuance of Indebtedness at less than par, (b) all commissions, discounts and other
fees and charges owed with respect to letters of credit or bankers acceptances, (c) non-cash interest payments, (d) the interest component of Capitalized Lease Obligations and (e) net payments,
if any, pursuant to interest rate obligations under any Hedge Agreement with respect to Indebtedness); plus 
 (2)
consolidated capitalized interest of such Person and its Restricted Subsidiaries for such period, whether paid or accrued; less 

(3) interest income for such period. 

For purposes of this definition, interest on a Capitalized Lease Obligation shall be deemed to accrue at an interest rate reasonably
determined by such Person to be the rate of interest implicit in such Capitalized Lease Obligation in accordance with GAAP. 

“Consolidated Net Income” means, with respect to any Person for any period, the net income (loss) of such Person and its
Restricted Subsidiaries for such period determined on a consolidated basis in accordance with GAAP, excluding (and excluding the effect of), without duplication, 

  
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 (1) extraordinary, exceptional,
non-recurring or unusual gains, losses, fees, costs, charges or expenses (including relating to any multi-year strategic initiatives and accruals and reserves in connection with such gains, losses, charges or
expenses); restructuring costs, charges, accruals or reserves (including restructuring and integration costs related to acquisitions and adjustments to existing reserves, and in each case, whether or not classified as such under GAAP); costs and
expenses related to any reconstruction, decommissioning, recommissioning or reconfiguration of facilities and fixed assets for alternative uses; Public Company Costs (including any costs and expense of any directors of any Parent Company following a
Qualifying IPO); costs and expenses related to the integration, consolidation, opening, pre-opening and closing of facilities and fixed assets; severance and relocation costs and expenses, one-time compensation costs and expenses, consulting fees, signing, retention or completion bonuses, and executive recruiting costs; costs and expenses incurred in connection with strategic initiatives; transition
costs and duplicative running costs; costs and expenses incurred in connection with non-ordinary course product and IP Rights development; costs incurred in connection with acquisitions (or purchases of
assets) prior to or after the Closing Date (including integration costs); business optimization expenses (including costs and expenses relating to business optimization programs, new systems design, retention charges, system establishment costs and
implementation costs and project start-up costs), accruals and reserves; operating expenses attributable to the implementation of cost-savings initiatives; curtailments and modifications to pension and
post-retirement employee benefit plans (including any settlement of pension liabilities and charges resulting from changes in estimates, valuations and judgments); 

(2) the cumulative effect of a change in accounting principles and changes as a result of the adoption or modification of
accounting policies during such period whether effected through a cumulative effect adjustment or a retroactive application, in each case in accordance with GAAP; 

(3) Transaction Expenses; 

(4) any gain (loss) on asset sales, disposals or abandonments (other than asset sales, disposals or abandonments in the
ordinary course of business or consistent with industry practice) or income (loss) from discontinued operations (but if such operations are classified as discontinued due to the fact that they are subject to an agreement to dispose of such
operations, only when and to the extent such operations are actually disposed of unless otherwise elected by such Person); 

(5) the Net Income for such period of any Person that is an Unrestricted Subsidiary and, solely for the purpose of the
Available Amount, the Net Income for such period of any Person that is not a Subsidiary or that is accounted for by the equity method of accounting; provided that the Consolidated Net Income of a Person will be increased by the amount of
dividends or distributions or other payments that are actually paid in cash or Cash Equivalents (or to the extent converted into cash or Cash Equivalents) to such Person or a Restricted Subsidiary thereof in respect of such period; 

  
 29 

 (6) solely for the purpose of determining the Available Amount, the Net
Income for such period of any Restricted Subsidiary (other than any Guarantor) to the extent that the declaration or payment of dividends or similar distributions by that Restricted Subsidiary of its Net Income is not at the date of determination
permitted without any prior governmental approval (which has not been obtained) or, directly or indirectly, by the operation of the terms of its charter or any agreement, instrument, judgment, decree, order, statute, rule or governmental regulation
applicable to that Restricted Subsidiary or its stockholders, unless such restriction with respect to the payment of dividends or similar distributions has been legally waived (or such Person reasonably believes such restriction could be waived and
is using commercially reasonable efforts to pursue such waiver); provided that Consolidated Net Income of a Person will be increased by the amount of dividends or other distributions or other payments actually paid in cash or Cash Equivalents
(or to the extent converted into cash or Cash Equivalents), or the amount that could have been paid in cash or Cash Equivalents without violating any such restriction or requiring any such approval, to such Person or a Restricted Subsidiary thereof
in respect of such period, to the extent not already included therein; 
 (7) effects of adjustments (including the effects
of such adjustments pushed down to such Person and its Restricted Subsidiaries) related to the application of recapitalization accounting or purchase accounting (including in the inventory, property and equipment, software, goodwill, intangible
assets, in process research and development, deferred revenue and debt line items); 
 (8) income (loss) from the early
extinguishment or conversion of (a) Indebtedness, (b) Hedging Obligations or (c) other derivative instruments; 

(9) any impairment charge or asset write-off or write-down in each case, pursuant to
GAAP, and the amortization of intangibles arising pursuant to GAAP; 
 (10) (a) any equity based or non-cash compensation charge or expense, including any such charge or expense arising from grants of stock appreciation, equity incentive programs or similar rights, stock options, restricted stock or other rights
to, and any cash charges associated with the rollover, acceleration or payout of, Equity Interests by management of such Person or of a Restricted Subsidiary or any Parent Company, (b) noncash compensation expense resulting from the application
of Accounting Standards Codification Topic No. 718, Compensation—Stock Compensation or Accounting Standards Codification Topic 505-50, Equity-Based Payments to Non-Employees, and (c) any income (loss) attributable to deferred compensation plans or trusts; 

(11) any fees, expenses or charges incurred during such period, or any amortization thereof for such period, in connection with
any acquisition, Investment, Asset Sale, disposition, incurrence or repayment of Indebtedness (including such fees, expenses or charges related to the offering and issuance of the Term Loans and the syndication and incurrence of any of the
Facilities), issuance of Equity Interests (including by any direct or 

  
 30 

 
indirect parent of such Person), recapitalization, refinancing transaction or amendment or modification of any debt instrument (including any amendment or other modification of the Indebtedness
evidenced by this Agreement or the ABL Facility) and including, in each case, any such transaction whether consummated on, after or prior to the Closing Date and any such transaction undertaken but not completed, and any charges or nonrecurring
merger costs incurred during such period as a result of any such transaction, in each case whether or not successful or consummated (including, for the avoidance of doubt, the effects of expensing all transaction related expenses in accordance with
Accounting Standards Codification Topic No. 805, Business Combinations); 
 (12) accruals and reserves that are
established or adjusted in connection with the Transactions, an Investment or an acquisition that are required to be established or adjusted as a result of the Transactions, such Investment or such acquisition, in each case accordance with GAAP;

 (13) any expenses, charges or losses to the extent covered by insurance that are, directly or indirectly, reimbursed or
reimbursable by a third party, and any expenses, charges or losses that are covered by indemnification or other reimbursement provisions in connection with any acquisition, Investment or any sale, conveyance, transfer or other disposition of assets
permitted under this Agreement; 
 (14) any non-cash gain (loss) attributable to the
mark to market movement in the valuation of Hedging Obligations or other derivative instruments pursuant to FASB Accounting Standards Codification Topic 815—Derivatives and Hedging or mark to market movement of other financial
instruments pursuant to FASB Accounting Standards Codification Topic 825—Financial Instruments; 
 (15) any net
unrealized gain or loss (after any offset) resulting in such period from currency transaction or translation gains or losses including those related to currency remeasurements of Indebtedness (including any net loss or gain resulting from
(a) Hedging Obligations for currency exchange risk and (b) resulting from intercompany indebtedness) and any other foreign currency transaction or translation gains and losses, to the extent such gain or losses are non-cash items; 
 (16) any adjustments resulting from the application of Accounting
Standards Codification Topic No. 460, Guarantees, or any comparable regulation; 
 (17) any non-cash rent expense; 
 (18) the amount of any management, monitoring, consulting,
transaction and advisory fees and related expenses paid to the Investors (or any accruals relating to such fees and related expenses) during such period to the extent otherwise permitted by Section 6.19; 

(19) any non-cash expenses, accruals or reserves related to adjustments to historical
tax exposures; and 

  
 31 

 (20) earn-out and contingent
consideration obligations (including to the extent accounted for as bonuses or otherwise) and adjustments thereof and purchase price adjustments. 

In addition, to the extent not already included in the Consolidated Net Income of such Person and its Restricted Subsidiaries, Consolidated
Net Income will include the amount of proceeds received or receivable from business interruption insurance, the amount of any expenses or charges incurred by such Person or its Restricted Subsidiaries during such period that are, directly or
indirectly, reimbursed or reimbursable by a third party, and amounts that are covered by indemnification or other reimbursement provisions in connection with any acquisition, Investment or any sale, conveyance, transfer or other disposition of
assets permitted hereunder. 
 “Consolidated Secured Debt” means, as of any date of determination, with respect to any
Person and its Restricted Subsidiaries, the aggregate amount of Consolidated Total Debt that is secured by a Lien on any assets or property of such Person or any of its Restricted Subsidiaries that constitutes Collateral. 

“Consolidated Total Debt” means, as of any date of determination, (a) the aggregate principal amount of Indebtedness of
any Person and its Restricted Subsidiaries outstanding on such date, determined on a consolidated basis in accordance with GAAP (but excluding the effects of any discounting of Indebtedness resulting from the application of purchase accounting in
connection with the Transaction or any Permitted Acquisition), consisting of Indebtedness for borrowed money, Purchase Money Obligations, Capitalized Lease Obligations, debt obligations evidenced by notes or similar instruments and Guarantees of
Indebtedness listed above minus (b) the aggregate amount of all unrestricted cash and Cash Equivalents included in the consolidated balance sheet of such Person and its Restricted Subsidiaries as of such date (but excluding cash and Cash
Equivalents which are listed as “Restricted” on such balance sheet), which aggregate amount of cash and Cash Equivalents shall be determined without giving pro forma effect to the proceeds of Indebtedness incurred on such date;
provided, Consolidated Total Debt will not include Non-Recourse Indebtedness and Indebtedness in respect of any (1) letter of credit, except to the extent of obligations in respect of drawn standby
letters of credit which have not been reimbursed within three (3) Business Days and (2) Hedging Obligations, except any unpaid termination payments thereunder. The Dollar-equivalent principal amount of any Indebtedness denominated in a
foreign currency will reflect the currency translation effects, determined in accordance with GAAP, of Hedging Obligations for currency exchange risks with respect to the applicable currency in effect on the date of determination of the
Dollar-equivalent principal amount of such Indebtedness. 
 “Consolidated Working Capital” means, as at any date of
determination, the excess of Consolidated Current Assets over Consolidated Current Liabilities. In measuring any increase or decrease in Consolidated Working Capital for any period, (1) to the extent any Person or any of its Restricted
Subsidiaries has consummated during such period any one or more acquisitions or dispositions of any Person, then (a) in the case of an acquisition, the Consolidated Working Capital of such acquired Person as of the date of the consummation of
such acquisition (after giving effect to the transactions consummated with respect to such acquisition) will be added to the Consolidated Working Capital of such Person and its Restricted Subsidiaries as of the first day of such period and
(b) in the case of a disposition, the Consolidated Working Capital of the disposed 

  
 32 

 
Person as of the date of the disposition of such Person shall be subtracted from the Consolidated Working Capital of such Person and its Restricted Subsidiaries as of the first day of such period
and (2) the application of recapitalization or purchase accounting as a result of any acquisitions or dispositions completed during such period will be excluded. 

“Contingent Obligations” means, with respect to any Person, any obligation of such Person guaranteeing any leases, dividends
or other obligations that do not constitute Indebtedness (“primary obligations”) of any other Person (the “primary obligor”) in any manner, whether directly or indirectly, including any obligation of such Person,
whether or not contingent: 
 (1) to purchase any such primary obligation or any property constituting direct or indirect
security therefor; 
 (2) to advance or supply funds: 

(a) for the purchase or payment of any such primary obligation or 

(b) to maintain working capital or equity capital of the primary obligor or otherwise to maintain the net worth or solvency of
the primary obligor; or 
 (3) to purchase property, securities or services primarily for the purpose of assuring the owner
of any such primary obligation of the ability of the primary obligor to make payment of such primary obligation against loss in respect thereof. 

“Contract Consideration” has the meaning specified in clause (2)(k) of the definition of “Excess Cash Flow.” 

“Contractual Obligation” means, as to any Person, any provision of any security issued by such Person or of any agreement,
instrument or other undertaking to which such Person is a party or by which it or any of its property is bound. 
 “Controlled
Investment Affiliate” means, as to any Person, any other Person, other than any Investor, which directly or indirectly is in control of, is controlled by, or is under common control with such Person and is organized by such Person (or any
Person controlling such Person) primarily for making direct or indirect equity or debt investments in the Borrower or other companies. 

“Convertible Indebtedness” means Indebtedness of the Borrower (which may be guaranteed by the Guarantors) permitted to be
incurred hereunder that is either (a) convertible into common stock of the Borrower or any Parent Company (and cash in lieu of fractional shares) or cash (in an amount determined by reference to the price of such common stock) or (b) sold
as units with call options, warrants or rights to purchase (or substantially equivalent derivative transactions) that are exercisable for common stock of the Borrower or any Parent Company or cash (in an amount determined by reference to the price
of such common stock). 
 “Covered Entity” means any of the following: (i) a “covered entity” as that term
is defined in, and interpreted in accordance with, 12 C.F.R. § 252.82(b); (ii) a “covered bank” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 47.3(b); or (iii) a “covered
FSI” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 382.2(b). 

  
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 “Covered Indebtedness” means each of the following: (x) Subordinated
Indebtedness, (y) Indebtedness of the type described in clause (1)(a) of the definition thereof, which is secured by a Lien on the Collateral on a junior basis to the Liens securing the Obligations and (z) Indebtedness of the type
described in clause (1)(A) of the definition thereof, which is unsecured and, in each case, the principal amount of which is greater than the Threshold Amount. 

“Credit Agreement Refinanced Debt” has the meaning assigned to such term in the definition of “Credit Agreement
Refinancing Indebtedness.” 
 “Credit Agreement Refinancing Indebtedness” means secured or unsecured Indebtedness of
the Borrower or any Guarantor; provided that: 
 (1) such Indebtedness is incurred or otherwise obtained (including by
means of the extension or renewal of existing Indebtedness) in exchange for, or to extend, renew, replace, or refinance, in whole or in part, Indebtedness that is either (a) Loans, or (b) other Credit Agreement Refinancing Indebtedness
(“Credit Agreement Refinanced Debt”); 
 (2) such Indebtedness is in an original aggregate principal amount
not greater than the principal amount of the Credit Agreement Refinanced Debt being exchanged, extended, renewed, replaced or refinanced except to the extent permitted under Section 1.02(10) (plus (a) the amount of all unpaid,
accrued or capitalized interest, penalties, premiums (including tender premiums), and other similar amounts payable with respect to the Credit Agreement Refinanced Debt and (b) underwriting discounts, fees, commissions, costs, expenses and
other similar amounts payable with respect to such refinancing); 
 (3) the (a) Weighted Average Life to Maturity of
such Indebtedness is equal to or longer than the remaining Weighted Average Life to Maturity of the Credit Agreement Refinanced Debt and (b) final maturity date of such Credit Agreement Refinancing Indebtedness is no earlier than the final
maturity date of the Credit Agreement Refinanced Debt; 
 (4) any mandatory prepayments of: 

(a) any Permitted Junior Priority Refinancing Debt or any Credit Agreement Refinancing Indebtedness that comprises unsecured
notes or loans may not be made except to the extent that prepayments are (i) permitted hereunder and (ii) to the extent required hereunder or pursuant to the terms of any Permitted Equal Priority Refinancing Debt, first made or offered to
the Loans and any such Permitted Equal Priority Refinancing Debt; and 
 (b) any Permitted Equal Priority Refinancing Debt
shall be made on a pro rata basis or less than pro rata basis (but not greater than a pro rata basis) with the Closing Date Term Loans (other than pursuant to a refinancing permitted hereunder or with respect to greater than pro
rata payments to an earlier maturing tranche); 

  
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 (5) such Indebtedness is not guaranteed by any Subsidiary of the Borrower
other than a Subsidiary Guarantor; 
 (6) if such Indebtedness is secured: 

(a) such Indebtedness is not secured by any assets or property of the Borrower or any Restricted Subsidiary that does not
constitute Collateral; 
 (b) [reserved]; 

(c) if such Indebtedness is secured, a Debt Representative acting on behalf of the holders of such Indebtedness has become
party to or is otherwise subject to the provisions of the Applicable Intercreditor Agreement; and 
 (7) the covenants and
events of default applicable to such Indebtedness (x) are on market terms or (y) are substantially identical to, or, taken as a whole, not materially more favorable to the lenders or holders providing such Indebtedness than, those
applicable to such Credit Agreement Refinanced Debt, in each case as determined in good faith by a Responsible Officer of the Borrower in its reasonable judgment; provided that the Borrower will promptly deliver to the Administrative Agent
final copies of the definitive credit documentation relating to such Indebtedness, which documentation may be redacted (i) where and to the extent that the Borrower believes that such redaction is reasonably necessary to preserve
attorney-client, work product or similar privilege between the Loan Parties and their counsel with respect to any matter or to comply with the confidentiality obligations binding on the Borrower, any Subsidiary or any Parent Company or (ii) as
otherwise reasonably determined by the Borrower (provided that in the case of clauses (i) and (ii) such redactions do not apply to provisions relating to Collateral pledged to secure the Obligations); provided further that this
clause (7) will not apply to: 
 (i) terms addressed in the preceding clauses (1) through (6), 

(ii) interest rate, fees, funding discounts and other pricing terms, 

(iii) redemption, prepayment or other premiums, 

(iv) optional redemption or prepayment terms and 

(v) covenants and other terms applicable only to periods after the Latest Maturity Date of the Closing Date Term Loans at the
time of incurrence of such Indebtedness or added for the benefit of the Lenders hereunder. 
 Anything to the contrary notwithstanding (including, for the
avoidance of doubt, clause (3) above), Credit Agreement Refinancing Indebtedness will include (1) any Registered Equivalent Notes issued in exchange therefor and (2) any Qualifying Bridge Facility, in which case, clause (3) of
the first proviso in this definition shall not prohibit the inclusion of customary terms for “bridge” facilities, including customary mandatory prepayment, repurchase or redemption provisions. 

  
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 For the avoidance of doubt, any voluntary prepayments of Credit Agreement Refinancing
Indebtedness may be made on a pro rata basis, greater than pro rata basis or less than pro rata basis with other Loans. 

“Credit Parties” has the meaning specified in Section 9.19. 

“Daily Simple SOFR” with respect to any applicable determination date means the secured overnight financing rate
(“SOFR”) published on such date by the Federal Reserve Bank of New York, as the administrator of the benchmark (or a successor administrator) on the Federal Reserve Bank of New York’s website (or any successor source). 

“Debt Fund Affiliate” means each of (i) Acme Holdco Leveraged Solutions III LLC, (ii) Cermak Road LLC,
(iii) Elston Street LLC and (iv) any other Affiliate of the Sponsor that is primarily engaged in, or advises funds or other investment vehicles that are engaged in, making, purchasing, holding or otherwise investing in commercial loans,
bonds and similar extensions of credit or securities in the ordinary course, and with respect to which the Sponsor does not, directly or indirectly, possess the power to direct or cause the direction of the investment policies of such entity and
that exercises independent discretion from the private equity business of the Sponsor. 
 “Debt Representative” means, with
respect to any series of Indebtedness secured by Liens permitted under clause (7)(f), (7)(g), (7)(h) or 21 of the definition of “Permitted Liens”, Permitted Incremental Equivalent Debt, Liens securing Indebtedness permitted under clauses
(14), (25) and (31) of Section 7.02(b), Permitted Equal Priority Refinancing Debt, Permitted Junior Priority Refinancing Debt or any other Indebtedness secured by Liens on the Collateral permitted under this Agreement, the trustee,
administrative agent, collateral agent, security agent or similar agent under the indenture or agreement pursuant to which such Indebtedness is issued, incurred or otherwise obtained, as the case may be, and each of their successors in such
capacities. 
 “Debtor Relief Laws” means the Bankruptcy Code of the United States, and all other liquidation, provisional
liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization or similar debtor relief Laws of the United States or other applicable jurisdictions from time to
time in effect and affecting the rights of creditors generally. 
 “Declined Proceeds” has the meaning specified in
Section 2.05(2)(g). 
 “Default” means any event that is, or with the passage of time or the giving of notice or both
would be, an Event of Default. 
 “Default Rate” means an interest rate with respect to any Eurodollar Rate Loan or Base
Rate Loan, equal to (1) the Base Rate, plus (2) the Applicable Rate applicable to Base Rate Loans, plus (3) 2.00% per annum; provided that with respect to the outstanding principal amount of any Loan, the Default Rate
shall be an interest rate equal to the interest rate (including any Applicable Rate) otherwise applicable to such Loan (giving effect to Section 2.02(3)) plus 2.00% per annum, in each case, to the fullest extent permitted by applicable
Laws. 

  
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 “Default Right” has the meaning assigned to that term in, and shall be
interpreted in accordance with, 12 C.F.R. §§ 252.81, 47.2 or 382.1, as applicable. 
 “Defaulting Lender”
means, subject to Section 2.17(2), any Lender that (a) has failed to perform any of its funding obligations hereunder, including in respect of its Loans, within one Business Day of the date required to be funded by it hereunder,
(b) has notified the Borrower or the Administrative Agent that it does not intend to comply with its funding obligations or has made a public statement to that effect with respect to its funding obligations hereunder or under other agreements
in which it commits to extend credit, (c) has failed, within three (3) Business Days after request by the Administrative Agent, to confirm in a manner satisfactory to the Administrative Agent that it will comply with its funding
obligations, (d) has, or has a direct or indirect parent company that has, (i) become or is the subject of a proceeding under any Debtor Relief Law, (ii) had a receiver, conservator, trustee, administrator, assignee for the benefit of
creditors or similar Person charged with reorganization, provisional liquidation or liquidation of its business or assets or a custodian appointed for it or (iii) taken any action in furtherance of, or indicated its consent to, approval of
or acquiescence in any such proceeding or appointment or (e) has become the subject of a Bail-in Action; provided that a Lender shall not be a Defaulting Lender solely by virtue of the ownership or
acquisition of any equity interest in that Lender or any direct or indirect parent company thereof by a Governmental Authority so long as such ownership interest does not result in or provide such Lender with immunity from the jurisdiction of courts
within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Lender (or such Governmental Authority or instrumentality) to reject, repudiate, disavow or disaffirm any contracts or agreements made
with such Lender. Any determination by the Administrative Agent that a Lender is a Defaulting Lender under this definition shall be conclusive absent manifest error, and such Lender shall be deemed to be a Defaulting Lender (subject to
Section 2.17) upon delivery of written notice of such determination to the Borrower and each Lender. 
 “Derivative
Instrument” with respect to a Person, means any contract, instrument or other right to receive payment or delivery of cash or other assets to which such person or any Affiliate of such person that is acting in concert with such person in
connection with such person’s investment in the Obligations (other than a Screened Affiliate) is a party (whether or not requiring further performance by such person), the value and/or cash flows of which (or any material portion thereof) are
materially affected by the value and/or performance of the Obligations and/or the creditworthiness of the Borrower and/or any one or more of the Guarantors (the “Performance References”). 

“Designated Non-Cash Consideration” means the fair market value of non-cash consideration received by the Borrower or a Restricted Subsidiary in connection with an Asset Sale that is so designated as Designated Non-Cash Consideration pursuant
to an Officer’s Certificate, setting forth the basis of such valuation, less the amount of cash or Cash Equivalents received in connection with a subsequent sale, redemption or repurchase of or collection or payment on such Designated Non-Cash Consideration. 

  
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 “Designated Preferred Stock” means Preferred Stock of the Borrower, any
Restricted Subsidiary thereof or any Parent Company (in each case other than Disqualified Stock) that is issued for cash (other than to a Restricted Subsidiary or an employee stock ownership plan or trust established by the Borrower or any of its
Subsidiaries) and is so designated as Designated Preferred Stock, pursuant to an Officer’s Certificate, on or promptly after the issuance date thereof, the cash proceeds of which are excluded from the calculation of the Available Amount. 

“Designated Revolving Commitments” means any commitments to make loans or extend credit on a revolving basis to the Borrower
or any Restricted Subsidiary by any Person other than the Borrower or any Restricted Subsidiary that have been designated in an Officer’s Certificate delivered to the Administrative Agent as “Designated Revolving Commitments” until
such time as the Borrower subsequently delivers an Officer’s Certificate to the Administrative Agent to the effect that such commitments will no longer constitute “Designated Revolving Commitments”; provided that on the date
such Designated Revolving Commitments are established, such Designated Revolving Commitments will be deemed an incurrence of Indebtedness on such date and will be deemed outstanding for purposes of calculating the applicable Total Net Leverage
Ratio, Senior Secured Leverage Ratio, First Lien Net Leverage Ratio and the availability of any applicable Basket hereunder on such date after giving pro forma effect to the incurrence of the entire committed amount of the Indebtedness
thereunder (but without netting any cash proceeds thereof), in which case such committed amount under such Designated Revolving Commitments may thereafter be borrowed and reborrowed, in whole or in part, from time to time, without further compliance
with the Total Net Leverage Ratio, Senior Secured Leverage Ratio, First Lien Net Leverage Ratio and the availability of any Baskets hereunder. For the avoidance of doubt, in the case of any Designated Revolving Commitments permitted hereunder, the
reference to the “incurrence” of Indebtedness shall refer to the date on which such Designated Revolving Commitments are established. 

“Directing Lender” has the meaning specified in Section 8.04(2). 

“discharge” means, with respect to any Indebtedness, the repayment, prepayment, repurchase (including pursuant to an offer to
purchase), redemption, defeasance or other discharge of such Indebtedness, any such case in whole or in part. 
 “Discount
Prepayment Accepting Lender” has the meaning assigned to such term in Section 2.05(1)(e)(B)(2). 
 “Discount
Range” has the meaning assigned to such term in Section 2.05(1)(e)(C)(1). 
 “Discount Range Prepayment
Amount” has the meaning assigned to such term in Section 2.05(1)(e)(C)(1). 
 “Discount Range Prepayment
Notice” means a written notice of the Borrower Solicitation of Discount Range Prepayment Offers made pursuant to Section 2.05(1)(e)(C)(1) substantially in the form of Exhibit J. 

“Discount Range Prepayment Offer” means the written offer by a Lender, substantially in the form of
Exhibit K, submitted in response to an invitation to submit offers following the Auction Agent’s receipt of a Discount Range Prepayment Notice. 

“Discount Range Prepayment Response Date” has the meaning assigned to such term in Section 2.05(1)(e)(C)(1). 

  
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 “Discount Range Proration” has the meaning assigned to such term in
Section 2.05(1)(e)(C)(3). 
 “Discounted Prepayment Determination Date” has the meaning assigned to such term in
Section 2.05(1)(e)(D)(3). 
 “Discounted Prepayment Effective Date” means in the case of the Borrower Offer of
Specified Discount Prepayment, Borrower Solicitation of Discount Range Prepayment Offer or Borrower Solicitation of Discounted Prepayment Offer, five (5) Business Days following the Specified Discount Prepayment Response Date, the Discount
Range Prepayment Response Date or the Solicited Discounted Prepayment Response Date, as applicable, in accordance with Section 2.05(1)(e)(B), Section 2.05(1)(e)(C) or Section 2.05(1)(e)(D), respectively, unless a shorter period is
agreed to between the Borrower and the Auction Agent. 
 “Discounted Term Loan Prepayment” has the meaning assigned to such
term in Section 2.05(1)(e)(A). 
 “disposition” has the meaning set forth in the definition of “Asset Sale”.

 “Disqualified Institution” means (a) any competitor of the Borrower or its Subsidiaries identified by name in
writing by or on behalf of the Borrower or the Sponsor to (i) the Arrangers from time to time on or prior to the Closing Date or (ii) the Administrative Agent from time to time after the Closing Date, (b) those particular banks,
financial institutions, other institutional lenders and other Persons identified by name in writing by or on behalf of the Borrower or the Sponsor to the Arrangers prior to the Closing Date, (c) any Affiliate of the entities described in the
preceding clauses (a) or (b) (excluding, in the case of clause (a), any Affiliate that is primarily engaged in, or that advises funds or other investment vehicles that are engaged in, making, purchasing, holding or otherwise investing in
commercial loans, bonds and similar extensions of credit or securities in the ordinary course and with respect to which the primary Person referenced in clause (a) does not, directly or indirectly, possess the power to direct or cause the
direction of the investment policies of such entity) that are either readily identifiable as such on the basis of their name or are identified as such in writing by or on behalf of the Borrower or the Sponsor to (i) the Arrangers on or prior to
the Closing Date or (ii) the Administrative Agent from time to time after the Closing Date or (d) Excluded Affiliates; it being understood and agreed that the identification of any Person as a Disqualified Institution after the Closing
Date shall not apply to retroactively disqualify any Person that has previously acquired or agreed to acquire an assignment or participation interest in any Loan, subject to Section 10.07(n), until such time such Person no longer constitutes a
Lender. The identity of Disqualified Institutions shall be made available, upon request but not posted or distributed, to all Lenders and prospective assignees. 

“Disqualified Stock” means, with respect to any Person, any Capital Stock of such Person which, by its terms, or by the terms
of any security into which it is convertible or for which it is redeemable or exchangeable, or upon the happening of any event, matures or is mandatorily redeemable (other than solely as a result of a change of control, asset sale, casualty,
condemnation or eminent domain) pursuant to a sinking fund obligation or otherwise, or is redeemable at the option of the holder thereof (other than (i) for any Qualified Equity Interests or (ii) solely as a result of a change of control,
asset sale, casualty, condemnation or eminent domain), in whole or 

  
 39 

 
in part, in each case prior to the date 91 days after Latest Maturity Date or the date the Loans are no longer outstanding and the Commitments have been terminated; provided that if such
Capital Stock is issued pursuant to any plan for the benefit of, future, current or former employees, directors, officers, members of management or consultants (or their respective Controlled Investment Affiliates or Immediate Family Members or any
permitted transferees thereof) of the Borrower or its Subsidiaries or any Parent Company or by any such plan to such employees, directors, officers, members of management or consultants (or their respective Controlled Investment Affiliates or
Immediate Family Members or any permitted transferees thereof), such Capital Stock will not constitute Disqualified Stock solely because it may be required to be repurchased by the Borrower or its Subsidiaries in order to satisfy applicable
statutory or regulatory obligations or as a result of such employee’s, director’s, officer’s, management member’s or consultant’s termination, death or disability; provided further any Capital Stock held by any
future, current or former employee, director, officer, member of management or consultant (or their respective Controlled Investment Affiliates or Immediate Family Members or any permitted transferees thereof) of the Borrower, any of its
Subsidiaries, any Parent Company, or any other entity in which the Borrower or a Restricted Subsidiary has an Investment and is designated in good faith as an “affiliate” by the Board of Directors (or the compensation committee thereof),
in each case pursuant to any equity subscription or equity holders’ agreement, management equity plan or stock option plan or any other management or employee benefit plan or agreement will not constitute Disqualified Stock solely because it
may be required to be repurchased by the Borrower or any Subsidiary or in order to satisfy applicable statutory or regulatory obligations or as a result of such employee’s, director’s, officer’s, management member’s or
consultant’s termination, death or disability. For the purposes hereof, the aggregate principal amount of Disqualified Stock will be deemed to be equal to the greater of its voluntary or involuntary liquidation preference and maximum fixed
repurchase price, determined on a consolidated basis in accordance with GAAP, and the “maximum fixed repurchase price” of any Disqualified Stock that does not have a fixed repurchase price will be calculated in accordance with the terms of
such Disqualified Stock as if such Disqualified Stock were purchased on any date on which the Consolidated Total Debt will be required to be determined pursuant to this Agreement, and if such price is based upon, or measured by, the fair market
value of such Disqualified Stock. 
 “Dividing Person” has the meaning assigned to it in the definition of
“Division.” 
 “Division” means the division of the assets, liabilities and/or obligations of a Person (the
“Dividing Person”) among two or more Persons (whether pursuant to a “plan of division” or similar arrangement), which may or may not include the Dividing Person and pursuant to which the Dividing Person may or may not
survive. 
 “Division Successor” means any Person that, upon the consummation of a Division of a Dividing Person, holds all
or any portion of the assets, liabilities and/or obligations previously held by such Dividing Person immediately prior to the consummation of such Division. A Dividing Person which retains any of its assets, liabilities and/or obligations after a
Division shall be deemed a Division Successor upon the occurrence of such Division. 
 “Dollar” and “$”
mean lawful money of the United States. 

  
 40 

 “Domestic Subsidiary” means any direct or indirect Subsidiary that is
organized under the Laws of the United States, any state thereof or the District of Columbia. 
 “Early Opt-in Effective Date” means, with respect to any Early Opt-in Election, the sixth (6th) Business Day after the date notice of such Early Opt-in Election is provided to the Lenders, so long as the Administrative Agent has not received, by 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the date notice of such Early Opt-in Election is provided to the Lenders, written notice of objection to such Early Opt-in Election from Lenders comprising the Required Lenders. 

“Early Opt-in Election” means the occurrence of: 

(1) a determination by the Administrative Agent, or a notification by the Borrower to the Administrative Agent that the
Borrower has made a determination, that U.S. dollar-denominated syndicated credit facilities currently being executed, or that include language similar to that contained in Section 3.03, are being executed or amended (as applicable) to
incorporate or adopt a new benchmark interest rate to replace the Adjusted Eurodollar Rate, and 
 (2) the joint election by
the Administrative Agent and the Borrower to replace the Adjusted Eurodollar Rate with a Benchmark Replacement and the provision by the Administrative Agent of written notice of such election to the Lenders. 

“ECF Payment” has the meaning specified in Section 2.05(2)(a). 

“ECF Percentage” has the meaning specified in Section 2.05(2)(a). 

“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 Assignee” means any Person that meets the requirements to be an assignee under Section 10.07(b); provided
that no Defaulting Lender(s) or Disqualified Institution(s) may be Eligible Assignee(s). 

  
 41 

 “Engagement Letter” means that certain Engagement Letter, dated as of
May 19, 2021, among the Borrower, BofA Securities, Morgan Stanley, Goldman Sachs and KCM, as amended, restated, amended and restated, supplemented or otherwise modified from time to time in accordance with the terms thereof. 

“Environment” means ambient air, indoor air, surface water, groundwater, drinking water, soil, surface and sub-surface strata, and natural resources such as wetlands, flora and fauna. 
 “Environmental
Claim” means any and all administrative, regulatory or judicial actions, suits, demands, demand letters, claims, liens, notices of noncompliance or violation, or proceedings with respect to any Environmental Liability or Environmental Law,
(hereinafter “Claims”), including (i) any and all Claims by Governmental Authorities for enforcement, cleanup, removal, response, remedial or other actions or damages pursuant to any Environmental Law and (ii) any and all claims
by any third party seeking damages, contribution, indemnification, cost recovery, compensation or injunctive relief pursuant to any Environmental Law. 

“Environmental Laws” means any and all Laws relating to pollution or the protection of the Environment or, to the extent
relating to exposure to Hazardous Materials, human health. 
 “Environmental Liability” means any liability (including any
liability for damages, costs of environmental remediation, fines, penalties or indemnities) resulting from or relating to (a) any violation of Environmental Law, (b) the generation, use, handling, transportation, storage, treatment or
disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the Release or threatened Release of any Hazardous Materials or (e) any contract, agreement or other consensual arrangement to the extent liability is
assumed or imposed with respect to any of the foregoing. 
 “Environmental Permit” means any permit, approval,
identification number, license or other authorization required under any Environmental Law. 
 “Equity Interests” means,
with respect to any Person, the Capital Stock of such Person and all warrants, options or other rights to acquire Capital Stock of such Person, but excluding any debt security that is convertible into, or exchangeable for, Capital Stock of such
Person. 
 “Equity Offering” means any public or private sale of common stock or Preferred Stock of the Borrower or any
Parent Company (excluding Disqualified Stock), other than: 
 (1) issuances to any Restricted Subsidiary of the Borrower; and

 (2) any such public or private sale that constitutes an Excluded Contribution. 

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended. 

“ERISA Affiliate” means any trade or business (whether or not incorporated) that together with any Loan Party is treated as a
single employer at the relevant time within the meaning of Section 414(b) or (c) of the Code or, solely for purposes of Section 412 of the Code, under Section 414(m) or (o) of the Code or Section 4001 of ERISA. 

  
 42 

 “ERISA Event” means (a) a Reportable Event with respect to a Pension
Plan; (b) a withdrawal by any Loan Party or any of their respective ERISA Affiliates from a Pension Plan subject to Section 4063 of ERISA during a plan year in which it was a substantial employer (as defined in Section 4001(a)(2) of
ERISA) or a cessation of operations that is treated as a termination under Section 4062(e) of ERISA; (c) a complete or partial withdrawal by any Loan Party or any of their respective ERISA Affiliates from a Multiemployer Plan, written
notification of any Loan Party or any of their respective ERISA Affiliates concerning the imposition of Withdrawal Liability or written notification that a Multiemployer Plan is “insolvent” (within the meaning of Section 4245 of
ERISA) or has been determined to be in “endangered” or “critical” status (within the meaning of Section 432 of the Code or Section 305 of ERISA); (d) the filing under Section 4041(c) of ERISA of a notice of intent
to terminate a Pension Plan, the treatment of a Pension Plan or Multiemployer Plan amendment as a termination under Sections 4041 or 4041A of ERISA, or the commencement in writing of proceedings by the PBGC to terminate a Pension Plan or
Multiemployer Plan; (e) the imposition of any liability under Title IV of ERISA with respect to the termination of any Pension Plan or Multiemployer Plan, other than for the payment of plan contributions or PBGC premiums due but not delinquent
under Section 4007 of ERISA, upon any Loan Party or any of their respective ERISA Affiliates; (f) an event or condition which constitutes grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to
administer, any Pension Plan or Multiemployer Plan; (g) a failure to satisfy the minimum funding standard (within the meaning of Section 302 of ERISA or Section 412 of the Code) with respect to a Pension Plan, whether or not waived;
(h) the application for a minimum funding waiver under Section 302(c) of ERISA with respect to a Pension Plan; (i) the imposition of a lien under Section 303(k) of ERISA or Section 412(c) of the Code with respect to any
Pension Plan; or (j) a determination that any Pension Plan is in “at risk” status (within the meaning of Section 303 of ERISA or Section 430 of the Code). 

“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. 

“Eurodollar Rate” means: 

(a) for any Interest Period with respect to a Eurodollar Rate Loan, the rate per annum equal to (i) the London interbank
offered rate for Eurodollar deposits or such other rate per annum as is widely recognized as the successor thereto if the ICE Benchmark Administration is no longer making a London interbank offered rate available, as published on the Reuters screen
page LIBOR01 (“Published LIBOR”) (or such other commercially available source providing quotations of Published LIBOR as may be designated by the Administrative Agent from time to time) at approximately 11:00 a.m., London time, two
(2) Business Days prior to the commencement of such Interest Period, for Dollar deposits (for delivery on the first day of such Interest Period) with a term equivalent to such Interest Period or (ii) if such rate is not available at such
time for any reason, the rate per annum determined by the Administrative Agent to be the rate at which deposits in Dollars for delivery on the first day of such Interest Period in Same Day Funds in the approximate amount of the Eurodollar Rate Loan
being made, continued or converted and with a term equivalent to such Interest Period would be offered by the Administrative Agent’s London Branch to major banks in the London interbank eurodollar market at their request at approximately 11:00
a.m., London time, two (2) Business Days prior to the commencement of such Interest Period; and 

  
 43 

 (b) for any interest calculation with respect to a Base Rate Loan on any
date, the rate per annum equal to (i) Published LIBOR, at approximately 11:00 a.m., London time, determined two (2) Business Days prior to such date for Dollar deposits being delivered in the London interbank market for a term of one month
commencing that day or (ii) if such published rate is not available at such time for any reason, the rate per annum determined by the Administrative Agent to be the rate at which deposits in Dollars for delivery on the date of determination in
Same Day Funds in the approximate amount of the Base Rate Loan being made or maintained and with a term equal to one month would be offered by the Administrative Agent’s London Branch to major banks in the London interbank eurodollar market at
their request at the date and time of determination. 
 “Eurodollar Rate Loan” means a Loan that bears interest at a rate
based on Adjusted Eurodollar Rate. 
 “Event of Default” has the meaning specified in Section 8.01. 

“Excess Cash Flow” means, for any period, an amount equal to the excess of: 

(1) the sum, without duplication, of: 

(a) Consolidated Net Income of the Borrower for such period, 

(b) an amount equal to the amount of all non-cash charges (including depreciation and
amortization) for such period to the extent deducted in arriving at such Consolidated Net Income, but excluding any such non-cash charges representing an accrual or reserve for potential cash items in any
future period and excluding amortization of a prepaid cash item that was paid in a prior period, 
 (c) decreases in
Consolidated Working Capital (except as a result of the reclassification of items from short-term to long-term or vice versa) for such period, 

(d) the amount deducted as tax expense in determining Consolidated Net Income to the extent in excess of cash taxes paid in
such period and 
 (e) cash receipts in respect of Hedge Agreements during such fiscal year to the extent not otherwise
included in such Consolidated Net Income; over 
 (2) at the option of the Borrower, the sum, without duplication, of: 

(a) an amount equal to the amount of all non-cash credits (including, to the extent
constituting non-cash credits, amortization of deferred revenue acquired as a result of the Acquisition or any Permitted Acquisition or other investment permitted hereunder) included in arriving at such
Consolidated Net Income (but excluding any non-cash credit to the extent representing the reversal of an accrual or reserve described in clause (1)(b) above) and cash losses, charges (including any reserves or
accruals for potential cash charges in any future period), expenses, costs and fees excluded by virtue of clauses (1) through (15) of the definition of “Consolidated Net Income,” 

  
 44 

 (b) the amount of Capital Expenditures, Capitalized Software Expenditures or
acquisitions of IP Rights accrued or made in cash during such period (including any such Investments made after the end of the fiscal year covered by the relevant financial statements but prior to the making of such ECF Payment (an “After Year-End Investment”)), in each case, except to the extent financed with the proceeds of Funded Debt (other than the ABL Facility or other revolving loans) of the Borrower or any Restricted Subsidiary; 

(c) the aggregate amount of all principal payments of Indebtedness of the Borrower and the Restricted Subsidiaries (including
(i) the principal component of payments in respect of Capitalized Lease Obligations, (ii) all scheduled principal repayments of Loans, the ABL Facility to the extent there is an equivalent permanent reduction in commitments thereunder (or
any Indebtedness representing Refinancing Indebtedness in respect thereof in accordance with the corresponding provisions of the governing documentation thereof), Permitted Incremental Equivalent Debt and Credit Agreement Refinancing Indebtedness,
in each case to the extent such payments are permitted hereunder and actually made and (iii) the amount of any scheduled repayment of Term Loans pursuant to Section 2.07 and mandatory prepayment of Term Loans pursuant to
Section 2.05(2)(b) or 2.05(2)(c), any mandatory prepayment of the ABL Facility required pursuant to the terms of the ABL Credit Agreement to the extent there is an equivalent permanent reduction in commitments thereunder, any mandatory
discharge of Permitted Incremental Equivalent Debt or Credit Agreement Refinancing Indebtedness pursuant to the corresponding provisions of the governing documentation thereof, in each case, to the extent required due to an Asset Sale or Casualty
Event that resulted in an increase to Consolidated Net Income for such period and not in excess of the amount of such increase, but excluding (w) all other prepayments of Term Loans pursuant to Section 2.05(1)(a) and
Section 2.05(1)(e) and any voluntary prepayments of Permitted Incremental Equivalent Debt and Credit Agreement Refinancing Indebtedness to the extent the prepayment required pursuant thereto is reduced thereby, (x) all prepayments in
respect of any revolving credit facility, except to the extent there is an equivalent permanent reduction in commitments thereunder and (y) payments on any Covered Indebtedness, except in each case to the extent permitted to be paid pursuant to
Section 7.05) made during such period or, at the option of the Borrower, made prior to the date the Borrower is required to make a payment of Excess Cash Flow in respect of such period, in each case, except to the extent financed with the
proceeds of Funded Debt (other than the ABL Facility) of the Borrower or any Restricted Subsidiary (unless such Indebtedness has been repaid) or the proceeds from any Specified Equity Contributions, 

(d) increases in Consolidated Working Capital (except as a result of the reclassification of items from short-term to long-term
or vice versa) for such period, 

  
 45 

 (e) cash payments by the Borrower and the Restricted Subsidiaries during
such period in respect of long-term liabilities of the Borrower and its Restricted Subsidiaries (other than Indebtedness) to the extent such payments are not expensed during such period or are not deducted in calculating Consolidated Net Income,

 (f) the amount of Investments and Permitted Acquisitions made (or committed to be made) by the Borrower and its Restricted
Subsidiaries during such period (in each case, including to the extent prepaid pursuant to an After Year-End Investment) (it being understood that to the extent such Investments and Permitted Acquisitions are
not actually made or committed in a subsequent period, such amount shall increase the calculation of Excess Cash Flow in the subsequent fiscal year), 

(g) the amount of Restricted Payments paid in cash during such period or, at the option of the Borrower, made prior to the date
the Borrower is required to make a payment of Excess Cash Flow in respect of such period, (other than Restricted Payments made pursuant to Section 7.05(b)(15)), except to the extent such Restricted Payments were financed with the proceeds of
Funded Debt (other than the ABL Facility) of the Borrower or any Restricted Subsidiary (unless such Indebtedness has been repaid) or the proceeds from any Specified Equity Contribution (provided that, for the avoidance of doubt, any such Restricted
Payments that have not been applied to reduce the payments which may be due from time to time pursuant to this clause (g) shall be carried over to subsequent periods), 

(h) the aggregate amount of expenditures (to the extent not funded with the proceeds of Funded Debt (other than the ABL
Facility) (unless such Indebtedness has been repaid and cannot be reborrowed) or the proceeds from any Specified Equity Contribution) actually made by the Borrower and the Restricted Subsidiaries in cash during such period or, at the option of the
Borrower, made prior to the date the Borrower is required to make a payment of Excess Cash Flow in respect of such period, (including expenditures for the payment of financing fees) to the extent that such expenditures are not expensed during such
period or are not deducted in calculating Consolidated Net Income, 
 (i) the aggregate amount of any premium, make-whole or
penalty payments actually paid in cash by the Borrower and the Restricted Subsidiaries during such period, or, at the option of the Borrower, made prior to the date the Borrower is required to make a payment of Excess Cash Flow in respect of such
period, that are made in connection with any prepayment or redemption of Indebtedness to the extent such payments are not expensed during such period or are not deducted in calculating Consolidated Net Income and such payments reduced Excess Cash
Flow pursuant to clause (2)(c) above or reduced the mandatory prepayment required by Section 2.05(2)(a), 

  
 46 

 (j) without duplication of amounts deducted from Excess Cash Flow in other
periods, and at the option of the Borrower, (1) the aggregate consideration required to be paid in cash by the Borrower or any of its Restricted Subsidiaries pursuant to binding contracts (the “Contract Consideration”) entered
into prior to or during such period and (2) any planned cash expenditures by the Borrower or any of its Restricted Subsidiaries (the “Planned Expenditures”), in the case of each of the preceding clauses (1) and (2),
relating to Permitted Acquisitions or other investments, Capital Expenditures, Restricted Payments, any scheduled payment of Indebtedness that was permitted by the terms of this Agreement to be incurred and paid or permitted tax distributions, in
each case, to be consummated or made, as applicable, during the period of four consecutive fiscal quarters of the Borrower following the end of such period (except to the extent financed with any of the proceeds received from (A) the issuance
or incurrence of long-term Indebtedness (except to the extent repaid) or (B) the proceeds from any Specified Equity Contributions); provided that to the extent that the aggregate amount of cash actually utilized to finance such Permitted
Acquisitions or other investments, Capital Expenditures, Restricted Payments, any scheduled payment of Indebtedness that was permitted by the terms of this Agreement to be incurred and paid or permitted tax distributions during such following period
of four consecutive fiscal quarters is less than the Contract Consideration and Planned Expenditures, the amount of such shortfall shall be added to the calculation of Excess Cash Flow, at the end of such subsequent period of four consecutive fiscal
quarters, 
 (k) the amount of cash taxes (including penalties and interest) paid or tax reserves set aside or payable
(without duplication) in such period plus the amount of distributions with respect to taxes made in such period under Section 7.05(b)(14) to the extent they exceed the amount of tax expense deducted in determining Consolidated Net Income
for such period, 
 (l) cash expenditures in respect of Hedging Obligations during such fiscal year to the extent not
deducted in arriving at such Consolidated Net Income, and 
 (m) any fees, expenses or charges incurred during such period
(including the Transaction Expenses), or any amortization thereof for such period, in connection with any acquisition, investment, disposition, incurrence or repayment of Indebtedness, issuance of Equity Interests, refinancing transaction or
amendment or modification of any debt instrument (including any amendment or other modification of this Agreement, the other Loan Documents and related documents and any ABL Loan Documents) and including, in each case, any such transaction
consummated prior to the Closing Date and any such transaction undertaken but not completed, and any charges or non-recurring merger costs incurred during such period as a result of any such transaction, in
each case whether or not successful, 
  

  
 47 

 (n) the amount of cash consideration paid by the Borrower and the Restricted
Subsidiaries (on a consolidated basis) in connection with investments (other than intercompany Investments among the Borrower and the Restricted Subsidiaries, Investments in Cash Equivalents or money market instruments in the ordinary course of
business) made during such period (in each case, including to the extent prepaid pursuant to an After-Year Investment) (including Permitted Acquisitions, investments constituting Permitted Investments and investments made pursuant to
Section 7.05), except to the extent such investments were financed with the proceeds of Funded Debt (other than the ABL Facility or any other revolving facility) of the Borrower or any Restricted Subsidiary (unless such Indebtedness has been
repaid) and the proceeds from any Specified Equity Contribution (it being understood that to the extent such investment is not actually made or committed in a subsequent period, such amount shall increase the calculation of Excess Cash Flow for such
subsequent period). 
 “Excess Cash Flow Period” means each fiscal year of the Borrower, commencing with the fiscal year
ending on or about January 31, 2023. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended, and the
rules and regulations of the SEC promulgated thereunder. 
 “Excluded Affiliates” means any Affiliates of any Arranger that
are engaged as principals primarily in private equity, mezzanine financing or venture capital transactions or any such Affiliate’s officers, directors, employees, legal counsel, independent auditors, professionals and other experts or agents
(other than (x) such employees that are required, in accordance with industry regulations or such Arranger’s (or its Affiliate’s) internal policies and procedures, to act in a supervisory capacity or (y) such Arranger’s (or
its Affiliate’s) internal legal, compliance, risk management, credit or investment committee members); provided that Merrill Lynch shall not be an Excluded Affiliate. 

“Excluded Assets” means (i) all fee-owned real property or ground leased
property and all real property leasehold interests, (ii) pledges and security interests prohibited by applicable Law (including any legally effective requirement to obtain the consent of any governmental authority) and any governmental licenses
or state or local franchises, charters or authorizations, to the extent a security interest in any such licenses, franchise, charter or authorization would be prohibited or restricted thereby (including any legally effective prohibition or
restriction) after giving effect to the applicable anti-assignment provisions of the Uniform Commercial Code or other similar applicable law, other than proceeds and receivables thereof, the assignment of which is expressly deemed effective under
the Uniform Commercial Code or other similar applicable Law notwithstanding such prohibition, (iii) Margin Stock, (iv) any cash and cash equivalents, deposit accounts and securities accounts (including securities entitlements and related
assets) (it being understood that this exclusion shall not affect the grant of the Lien on proceeds of Collateral and all proceeds of Collateral shall be Collateral), unless the foregoing also secures the ABL Facility in which case the foregoing
shall not constitute Excluded Assets until such time that it no longer secures the ABL Facility, (v) any lease, license or other agreements, or any property subject to a purchase money security interest, Capitalized Lease Obligation or similar
arrangements, in each case to the extent permitted under the Loan Documents, to the extent that a pledge thereof or a security interest therein would violate or invalidate such lease, license or agreement, purchase money, Capitalized Lease
Obligations or similar arrangement, or create a right of termination in favor of any other party thereto (other than any Loan Party) after giving effect to the applicable 

  
 48 

 
anti-assignment provisions of the Uniform Commercial Code or other similar applicable law, other than proceeds and receivables thereof, the assignment of which is expressly deemed effective under
the Uniform Commercial Code or other similar applicable Law notwithstanding such prohibition, (vi) assets for which a pledge thereof or a security interest therein would result in a material adverse tax consequence as reasonably determined by
the Borrower (in consultation with (but without the consent of) the Administrative Agent), (vii) assets for which the Administrative Agent and the Borrower have determined in their reasonable judgment and agree in writing that the cost of creating
or perfecting such pledges or security interests therein would be excessive in view of the benefits to be obtained by the Lenders therefrom, (viii) any
intent-to-use trademark or service mark application in the United States prior to the filing of a “Statement of Use” or “Amendment to Allege Use”
with respect thereto with the United States Patent and Trademark Office, but only to the extent, if any, and solely during the period, if any, in which, the grant of a security interest therein would impair the validity or enforceability of any
registration issuing from such intent-to-use application under applicable federal law, (ix) Excluded Equity and (x) motor vehicles and other assets subject to
certificates of title to the extent a Lien thereon cannot be perfected by the filing of a UCC financing statement. 
 “Excluded
Contribution” means net cash proceeds or the fair market value of marketable securities or the fair market value of Qualified Proceeds received by the Borrower from: 

(1) contributions to its common equity capital; 

(2) dividends, distributions, fees and other payments from any joint ventures that are not Restricted Subsidiaries; and 

(3) the sale (other than to a Restricted Subsidiary of the Borrower or to any management equity plan or stock option plan or
any other management or employee benefit plan or agreement of the Borrower) of Capital Stock (other than Disqualified Stock and Designated Preferred Stock) of the Borrower. 

“Excluded Equity” means Equity Interests (or, in the case of clause (iii) below, Voting Stock) (i) of any
Unrestricted Subsidiary, (ii) of any Subsidiary acquired pursuant to a Permitted Acquisition if such Equity Interests are pledged and/or mortgaged as security for any assumed Indebtedness permitted under Section 7.02(b)(14)(a) and if and
for so long as the terms of such Indebtedness prohibit the creation of any other Lien on such Equity Interests, (iii) of any Foreign Subsidiary or CFC Holdco, in each case which is a subsidiary of the Borrower or a Domestic Subsidiary of the
Borrower and not otherwise constituting Excluded Equity, in excess of 65% of the issued and outstanding Voting Stock of each such Foreign Subsidiary or CFC Holdco, (iv) of any Subsidiary with respect to which the Administrative Agent and the
Borrower have determined in their reasonable judgment and agreed in writing that the costs of providing a pledge of such Equity Interests or perfection thereof is excessive in view of the benefits to be obtained by the Secured Parties therefrom,
(v) of any captive insurance companies, not-for-profit Subsidiaries, special purpose entities (including any Securitization Subsidiary), (vi) to the extent
prohibited by, or creating an enforceable right of termination in favor of any other party thereto (other than the Borrower or any wholly owned Restricted Subsidiary of the Borrower), under the terms of any applicable organizational documents, joint
venture agreement or shareholders’ agreement, equity interests in any person other than wholly-owned Restricted Subsidiaries and (vii) of any Subsidiary outside the United States the pledge of which is prohibited by applicable Laws or
which would reasonably be expected to result in a violation or breach of, or conflict with, fiduciary duties of such Subsidiary’s officers, directors or managers. 

  
 49 

 “Excluded Proceeds” means, with respect to any Asset Sale or Casualty
Event, the sum of (1) any Net Proceeds therefrom that constitute Declined Proceeds and (2) any Net Proceeds therefrom that otherwise are waived by the Required Facility Lenders from the requirement to be applied to prepay the applicable
Term Loans pursuant to Section 2.05(2)(b). 
 “Excluded Subsidiaries” means all of the following and “Excluded
Subsidiary” means any of them: 
 (1) any Subsidiary that is not a direct, wholly owned Subsidiary of the Borrower
or a Subsidiary Guarantor, 
 (2) any Foreign Subsidiary, 

(3) any CFC Holdco, 

(4) any Domestic Subsidiary that is a Subsidiary of any CFC, 

(5) any Subsidiary (including any regulated entity that is subject to net worth or net capital or similar capital and surplus
restrictions) that is prohibited or restricted by applicable Law, accounting policies or by Contractual Obligation existing on the Closing Date (or, with respect to any Subsidiary acquired by the Borrower or a Restricted Subsidiary after the Closing
Date (and so long as such Contractual Obligation was not incurred in contemplation of such acquisition and only for so long as such restriction is continuing), on the date such Subsidiary is so acquired) from providing a Guaranty, or if such
Guaranty would require governmental (including regulatory) or third party (other than a Loan Party) consent, approval, license or authorization, unless such consent, approval, license or authorization has been received, or is received after
commercially reasonable efforts to obtain the same, which efforts may be requested by the Administrative Agent, 
 (6) any
special purpose securitization vehicle (or similar entity) or any Securitization Subsidiary, 
 (7) any Captive Insurance
Subsidiary or not-for-profit Subsidiary, 

(8) any Subsidiary that is not a Material Subsidiary, 

(9) any Subsidiary with respect to which, in the reasonable judgment of the Administrative Agent and the Borrower, the burden
or cost (including any adverse tax consequences) of providing the Guaranty is excessive in relation to the benefits to be obtained by the Lenders therefrom, 

(10) any special purpose entity formed for the primary purpose to hold a leasehold interest in real property that is subject to
a Sale-Leaseback Transaction and has no other activities other than those incidental to holding such leasehold interest, 

  
 50 

 (11) any Unrestricted Subsidiary, 

(12) any Subsidiary to the extent the provision of a Guarantee by such Subsidiary would result in a material adverse tax
consequence as reasonably determined by the Borrower in consultation with the Administrative Agent, 
 (13) any Restricted
Subsidiary acquired pursuant to a Permitted Acquisition or other Investment not prohibited by this Agreement financed with Indebtedness permitted to be assumed under Section 6.01 hereof (and not incurred in contemplation
thereof) and any Restricted Subsidiary thereof that Guarantees such Indebtedness, in each case, to the extent such Indebtedness prohibits such Subsidiary from becoming a Guarantor (and only for so long as such prohibition exists). 

“Excluded Swap Obligation” means, with respect to any Loan Party, any obligation (a “Swap Obligation”) to
pay or perform under any agreement, contract or transaction that constitutes a “swap” within the meaning of Section 1a(47) of the Commodity Exchange Act, if, and to the extent that, all or a portion of the guarantee of such Loan Party
of, or the grant by such Loan Party of a security interest to secure, such Swap Obligation (or any guarantee thereof) is or becomes illegal or unlawful under the Commodity Exchange Act or any rule, regulation or order of the Commodity Futures
Trading Commission (or the application or official interpretation of any thereof) by virtue of such Loan Party’s failure for any reason to constitute an “eligible contract participant” as defined in the Commodity Exchange Act
(determined after giving effect to Section 2.07 of the Guaranty and any other “keepwell, support or other agreement” for the benefit of such Loan Party for all purposes of Section 1a(18)(A)(v)(II) of the Commodity Exchange Act)
at the time the Guaranty of such Loan Party, or a grant by such Loan Party of a security interest, becomes 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 Guaranty or security interest becomes illegal. 

“Excluded Taxes” means, with respect to each Agent and each Lender, 

(1) any tax on such Agent or Lender’s net income or profits (or franchise tax in lieu of such tax on net income or
profits) imposed by a jurisdiction as a result of such Agent or Lender being organized or having its principal office or applicable Lending Office located in such jurisdiction or as a result of any other present or former connection between such
Agent or Lender and the jurisdiction (including as a result of such Agent or Lender carrying on a trade or business, having a permanent establishment or being a resident for tax purposes in such jurisdiction, other than a connection arising solely
from such Agent or Lender having executed, delivered, enforced, become a party to, performed its obligations under, received payments under, received or perfected a security interest under, engaged in any other transaction pursuant to, or sold or
assigned an interest in, any Loan or Loan Document), 
 (2) any branch profits tax under Section 884(a) of the Code, or
any similar tax, imposed by any other jurisdiction described in clause (1), 

  
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 (3) other than with respect to any Lender that becomes a party hereto
pursuant to the Borrower’s request under Section 3.07, any U.S. federal withholding tax that is imposed on amounts payable to a Lender pursuant to a Law in effect at the time such Lender becomes a party hereto (or designates a new
Lending Office) (or where the Lender is a partnership for U.S. federal income tax purposes, pursuant to a law in effect on the later of the date on which such Lender becomes a party hereto or the date on which the affected partner becomes a
partner of such Lender or designates a new Lending Office), except, in the case of a Lender or partner that designates a new Lending Office or is an assignee, to the extent that such Lender or partner (or its assignor, if any) was entitled,
immediately prior to the time of designation of a new Lending Office (or assignment), to receive additional amounts from a Loan Party with respect to such U.S. federal withholding tax pursuant to Section 3.01, 

(4) any withholding tax attributable to a Lender’s failure to comply with Section 3.01(3), 

(5) any withholding tax imposed under FATCA and 

(6) any interest, additions to taxes and penalties with respect to any taxes described in clauses (1) through (5) of this
definition. 
 “Existing Credit Agreement” means that certain Term Loan Credit Agreement, dated as of June 14, 2019,
by and among, inter alios, the Borrower, Torrid Inc. and Cortland Capital Market Services LLC as amended, restated, amended and restated, supplemented or otherwise modified from time to time in accordance with the terms thereof. 

“Extended Commitments” means the Term Loan Commitments held by an Extending Lender. 

“Extended Loans” means the Term Loans made pursuant to Extended Commitments. 

“Extending Lender” means each Lender accepting an Extension Offer. 

“Extension” has the meaning specified in Section 2.16(1). 

“Extension Amendment” has the meaning specified in Section 2.16(2). 

“Extension Offer” has the meaning specified in Section 2.16(1). 

“Facilities” means the Closing Date Term Loans, any Extended Loans, any Refinancing Term Loans, any Incremental Term Loans or
any Replacement Loans, as the context may require, and “Facility” means any of them. 
 “fair market
value” means, with respect to any asset or liability, the fair market value of such asset or liability as determined by the Borrower in good faith. 

  
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 “FATCA” means Sections 1471 through 1474 of the Code as in effect on
the date hereof or any amended or successor version thereof that is substantively comparable and not materially more onerous to comply with (and, in each case, any regulations promulgated thereunder or official interpretations thereof), any
agreements entered into pursuant to Section 1471(b)(1) of the Code, and any intergovernmental agreements entered into among Governmental Authorities in connection with such Sections of the Code (together with any law implementing such
agreements). 
 “FCPA” has the meaning specified in Section 5.17. 

“Federal Funds Rate” means, for any day, the rate per annum calculated by the Federal Reserve Bank of New York based on such
day’s federal funds transactions by depository institutions (as determined in such manner as the Federal Reserve Bank of New York shall set forth on its public website from time to time) and published on the next succeeding Business Day by the
Federal Reserve Bank of New York as the federal funds effective rate; provided that if the Federal Funds Rate as so determined would be less than zero, such rate shall be deemed to be zero for purposes of this Agreement. 

“Financial Officer” means, with respect to a Person, the chief financial officer, accounting officer, treasurer, controller
or other senior financial or accounting officer or officer of equivalent duties and responsibility of such Person, as appropriate. 

“First Lien Net Leverage Ratio” means, with respect to any Test Period, the ratio of (a) Consolidated First Lien Debt of
the Borrower and its Restricted Subsidiaries outstanding the last day of such Test Period to (b) Adjusted EBITDA of the Borrower and its Restricted Subsidiaries for such Test Period, in each case calculated on a pro forma basis with such
pro forma adjustments as are appropriate and consistent with Section 1.07. 
 “Fixed Amounts” has the meaning
specified in Section 1.07(9). 
 “Fixed Incremental Amount” has the meaning specified in the definition of
“Permitted Incremental Amount”. 
 “floor” means, with respect to any reference rate of interest, any fixed
minimum amount specified for such rate. 
 “Foreign Asset Sale” has the meaning specified in Section 2.05(2)(h). 

“Foreign Casualty Event” has the meaning specified in Section 2.05(2)(h). 

“Foreign Lender” means a Lender that is not a United States person within the meaning of Section 7701(a)(30) of the
Code. 
 “Foreign Plan” means any material employee benefit plan, program or agreement maintained or contributed to by, or
entered into with, the Borrower or any Subsidiary of the Borrower with respect to employees employed outside the United States (other than benefit plans, programs or agreements that are mandated by applicable Laws). 

“Foreign Subsidiary” means any direct or indirect Restricted Subsidiary of the Borrower that is not a Domestic Subsidiary.

  
 53 

 “Fund” means any Person (other than a natural person) that is primarily
engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its activities. 

“Funded Debt” means all Indebtedness of any Person and its Restricted Subsidiaries for borrowed money that matures more than
one year from the date of its creation or matures within one year from such date that is renewable or extendable, at the option of such Person, to a date more than one year from such date or arises under a revolving credit or similar agreement that
obligates the lender or lenders to extend credit during a period of more than one year from such date, including Indebtedness in respect of the Loans. 

“GAAP” means generally accepted accounting principles in the United States of America set forth in the opinions and
pronouncements of the Accounting Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or in such other statements by such other entity as have been
approved by a significant segment of the accounting profession, as in effect from time to time. 
 At any time after the Closing Date, the
Borrower may elect to apply IFRS accounting principles in lieu of GAAP and, upon any such election, references herein to GAAP will thereafter be construed to mean IFRS (except as otherwise provided in this Agreement); provided,
however, that any such election, once made, will be irrevocable; provided further that any calculation or determination in this Agreement that requires the application of GAAP for periods that include fiscal quarters ended prior to the
Borrower’s election to apply IFRS will remain as previously calculated or determined in accordance with GAAP. the Borrower will give notice of any such election made in accordance with this definition to the Administrative Agent. 

Notwithstanding the foregoing, if at any time any change occurring after the Closing Date in GAAP (or IFRS) or in the application thereof on
the computation of any financial ratio or financial requirement, or compliance with any covenant, set forth in any Loan Document, and the Borrower shall so request (regardless of whether any such request is given before or after such change), the
Administrative Agent, the Lenders and the Borrower will negotiate in good faith to amend (subject to the approval of the Required Lenders) such ratio, requirement or covenant to preserve the original intent thereof in light of such change in GAAP
(or IFRS); provided further that until so amended, (a) such ratio, requirement or covenant shall continue to be computed in accordance with GAAP (or IFRS) prior to such change therein and (b) the Borrower shall provide to the
Administrative Agent and the Lenders financial statements and other documents required under this Agreement which include a reconciliation between calculations of such ratio or requirement made before and after giving effect to such change in GAAP
(or IFRS). 
 Notwithstanding anything to the contrary contained above, in the definition of “Attributable Indebtedness” or in the
definition of “Capitalized Lease Obligation,” at the time any determination thereof is to be made, the applicable amount shall be the amount of liability in respect of a capital lease (“finance lease” following the
Borrower’s adoption of Accounting Standards Codification Topic 842 Leases, ASC 842) that would at such time be required to be capitalized and reflected as a capital lease on a balance sheet prepared in accordance with GAAP. Any finance lease or
similar obligations that would not constitute a finance lease prior to the Borrower’s adoption of Accounting Standards Codification Topic 842 Leases, ASC 842, shall be deemed not to represent Capitalized Lease Obligations or Indebtedness. 

  
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 “General Debt Basket” has the meaning specified in
Section 7.02(b)(12)(b). 
 “General RP Basket” has the meaning specified in Section 7.05(b)(24). 

“Goldman Sachs” means Goldman Sachs Bank USA. 

“Governmental Authority” means the government of the United States or any other nation, or of 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 bodies such as the European Union or the European Central Bank). 
 “Granting
Lender” has the meaning specified in Section 10.07(g). 
 “guarantee” means a guarantee (other than by
endorsement of negotiable instruments for collection in the ordinary course of business or consistent with industry practice), direct or indirect, in any manner (including letters of credit and reimbursement agreements in respect thereof), of all or
any part of any Indebtedness or other obligations. 
 “Guarantee” means, as to any Person, without duplication,
(a) any obligation, contingent or otherwise, of such Person guaranteeing or having the economic effect of guaranteeing any Indebtedness or other monetary obligation payable or performable by another Person (the “primary
obligor”) in any manner, whether directly or indirectly, and including any obligation of such Person, direct or indirect, (i) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other
monetary obligation, (ii) to purchase or lease property, securities or services for the purpose of assuring the obligee in respect of such Indebtedness or other monetary obligation of the payment or performance of such Indebtedness or other
monetary obligation, (iii) to maintain working capital, equity capital or any other financial statement condition or liquidity or level of income or cash flow of the primary obligor so as to enable the primary obligor to pay such Indebtedness
or other monetary obligation or (iv) entered into for the purpose of assuring in any other manner the obligee in respect of such Indebtedness or other monetary obligation of the payment or performance thereof or to protect such obligee against
loss in respect thereof (in whole or in part) or (b) any Lien on any assets of such Person securing any Indebtedness or other monetary obligation of any other Person, whether or not such Indebtedness or other monetary obligation is assumed by
such Person (or any right, contingent or otherwise, of any holder of such Indebtedness to obtain any such Lien); provided that the term “Guarantee” shall not include endorsements for collection or deposit, in either case in the
ordinary course of business, or customary and reasonable indemnity obligations in effect on the Closing Date or entered into in connection with any acquisition or disposition of assets permitted under this Agreement (other than such obligations with
respect to Indebtedness). The amount of any Guarantee shall be deemed to be an amount equal to the stated or determinable amount of the related primary obligation, or portion thereof, in respect of which such Guarantee is made or, if not stated or
determinable, the maximum reasonably anticipated liability in respect thereof as determined by the guaranteeing Person in good faith. The term “Guarantee” as a verb has a corresponding meaning. 

  
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 “Guarantor” has the meaning specified in clause (2) of the definition
of “Collateral and Guarantee Requirement.” For avoidance of doubt, the Borrower may, in its sole discretion, cause any domestic Parent Company or Restricted Subsidiary that is not required to be a Guarantor to Guarantee the Obligations by
causing such Parent Company or Restricted Subsidiary to execute a joinder to the Guaranty (substantially in the form provided therein or as the Administrative Agent, the Borrower and such Guarantor may otherwise agree), and any such Parent Company
or Restricted Subsidiary shall be a Guarantor hereunder for all purposes. 
 “Guaranty” means (a) the Guarantee of the
Obligations by the Guarantors substantially in the form of Exhibit E, (b) each other Guarantee and Guarantee supplement delivered pursuant to Section 6.11 and (c) each other Guarantee and Guarantee supplement
delivered by any Parent Company or Restricted Subsidiary pursuant to the second sentence of the definition of “Guarantor”. 

“Hazardous Materials” means all explosive or radioactive substances or wastes, and all other hazardous or toxic substances,
wastes, pollutants, contaminants and chemicals in any form, including petroleum or petroleum distillates, asbestos or asbestos-containing materials, polychlorinated biphenyls, or radon gas and infectious or medical wastes, to the extent any of the
foregoing are regulated pursuant to, or form the basis for liability under, any Environmental Law due to their dangerous or deleterious properties or characteristics. 

“Hedge Agreement” means (a) any and all rate swap transactions, basis swaps, credit derivative transactions, forward
rate transactions, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or options or forward bond or forward bond price or forward bond index transactions,
interest rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate swap transactions, currency options, spot contracts or any other similar
transactions or any combination of any of the foregoing (including any options to enter into any of the foregoing), whether or not any such transaction is governed by or subject to any master agreement, and (b) any and all transactions of any
kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement published by the International Swaps and Derivatives Association, Inc., any International Foreign Exchange Master
Agreement or any other master agreement (any such master agreement, together with any related schedules, a “Master Agreement”), including any such obligations or liabilities under any Master Agreement. 

“Hedge Bank” means any Person party to a Hedge Agreement that is an Agent, a Lender, an Arranger or an Affiliate of any of
the foregoing on the Closing Date or at the time it enters into such Hedge Agreement, in its capacity as a party thereto, whether or not such Person subsequently ceases to be an Agent, a Lender, an Arranger or an Affiliate of any of the foregoing.

 “Hedging Obligations” means, with respect to any Person, the obligations of such Person under any Hedge Agreement. For
the avoidance of doubt, any Permitted Convertible Indebtedness Call Transaction will not constitute Hedging Obligations. 

  
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 “Holdings” means (a) Torrid Intermediate, LLC, a Delaware limited
liability company and (b) upon the consummation of any transaction permitted by Section 7.03(5) with respect to Holdings, the Successor Holdings. 

“Identified Participating Lenders” has the meaning specified in Section 2.05(1)(e)(C)(3). 

“Identified Qualifying Lenders” has the meaning specified in Section 2.05(1)(e)(D)(3). 

“IFRS” means international financial reporting standards and interpretations issued by the International Accounting Standards
Board or any successor thereto (or the Financial Accounting Standards Board, the Accounting Principles Board of the American Institute of Certified Public Accountants or any successor to either such Board, or the SEC, as the case may be), as in
effect from time to time. 
 “Immediate Family Members” means with respect to any individual, such individual’s child,
stepchild, grandchild or more remote descendant, parent, stepparent, grandparent, spouse, former spouse, qualified domestic partner, sibling, mother-in-law, father-in-law, son-in-law and
daughter-in-law (including, in each case, adoptive relationships) and any trust, partnership or other bona fide estate-planning vehicle the only beneficiaries of which
are any of the foregoing individuals or any private foundation or fund that is controlled by any of the foregoing individuals or any donor-advised fund of which any such individual is the donor. 

“Incremental Amendment” has the meaning specified in Section 2.14(5). 

“Incremental Amounts” has the meaning specified in clause (1) of the definition of Refinancing Indebtedness. 

“Incremental Equivalent Ratio Amount” has the meaning specified in the definition of “Permitted Incremental Equivalent
Debt.” 
 “Incremental Equivalent Ratio Amount Indebtedness” has the meaning specified in the definition of
“Permitted Incremental Equivalent Debt.” 
 “Incremental Repayment Amount” has the meaning specified in the
definition of “Permitted Incremental Amount”. 
 “Incremental Starter Amount” has the meaning assigned to such
term in the definition of “Permitted Incremental Amount.” 
 “Incremental Term Facility” has the meaning
specified in Section 2.14(1). 
 “Incremental Term Loan” has the meaning specified in Section 2.14(1). 

“Incremental Term Loan Commitment” means the commitment of a Lender to make or otherwise fund an Incremental Term Loan and
“Incremental Term Loan Commitments” means such commitments of all Lenders in the aggregate. 

  
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 “Incremental Term Loan Exposure” means, with respect to any Lender, as of
any date of determination, the outstanding principal amount of the Incremental Term Loans of such Lenders; provided that at any time prior to the making of the Incremental Term Loans, the Incremental Term Loan Exposure of any Lender shall be
equal to such Lender’s Incremental Term Loan Commitment. 
 “Incurrence Based Amounts” has the meaning specified in
Section 1.07(9). 
 “Indebtedness” means, with respect to any Person, without duplication: 

(1) any indebtedness (including principal and premium) of such Person, whether or not contingent: 

(a) in respect of borrowed money; 

(b) evidenced by bonds, notes, debentures or similar instruments or letters of credit or bankers’ acceptances (or, without
duplication, reimbursement agreements in respect thereof); 
 (c) representing the balance deferred and unpaid of the
purchase price of any property (including Capitalized Lease Obligations) due more than twelve months after such property is acquired, except (i) any such balance that constitutes an obligation in respect of a commercial letter of credit, a
trade payable or similar obligation to a trade creditor, in each case accrued in the ordinary course of business or consistent with industry practice, (ii) any earn-out obligations until such obligation
is reflected as a liability on the balance sheet (excluding any footnotes thereto) of such Person in accordance with GAAP and is not paid within 60 days after becoming due and payable and (iii) accruals for payroll and other liabilities accrued
in the ordinary course of business; or 
 (d) representing the net obligations under any Hedging Obligations; 

if and to the extent that any of the foregoing Indebtedness (other than obligations in respect of letters of credit and Hedging Obligations) would appear as a
liability upon a balance sheet (excluding the footnotes thereto) of such Person prepared in accordance with GAAP; provided that Indebtedness of any Parent Company appearing upon the balance sheet of the Borrower or any of its Restricted
Subsidiaries solely by reason of push-down accounting under GAAP will be excluded; 
 (2) to the extent not otherwise
included, any obligation by such Person to be liable for, or to pay, as obligor, guarantor or otherwise, on the obligations of the type referred to in clause (1) of a third Person (whether or not such items would appear upon the balance sheet
of such obligor or guarantor), other than by endorsement of negotiable instruments for collection in the ordinary course of business or consistent with industry practice; and 

  
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 (3) to the extent not otherwise included, the obligations of the type
referred to in clause (1) of a third Person secured by a Lien on any asset owned by such first Person, whether or not such Indebtedness is assumed by such first Person; provided that the amount of such Indebtedness will be the lesser of
(i) the fair market value of such asset at such date of determination and (ii) the amount of such Indebtedness of such other Person; 

provided that notwithstanding the foregoing, Indebtedness will be deemed not to include: 

(i) Contingent Obligations (i) existing on the date hereof or (ii) incurred after the date hereof in the ordinary
course of business or consistent with industry practice, 
 (ii) reimbursement obligations under commercial letters of
credit (provided that unreimbursed amounts under letters of credit will be counted as Indebtedness three (3) Business Days after such amount is drawn), 

(iii) obligations under or in respect of Qualified Securitization Facilities that are
non-recourse to the Loan Parties other than any Securitization Repurchase/Indemnity Obligation, 

(iv) accrued expenses, 

(v) deferred or prepaid revenues, 

(vi) asset retirement obligations and obligations in respect of reclamation and workers compensation (including pensions and
retiree medical care); 
 provided further that Indebtedness will be calculated without giving effect to the effects of Accounting Standards
Codification Topic No. 815, Derivatives and Hedging, and related interpretations to the extent such effects would otherwise increase or decrease an amount of Indebtedness for any purpose under this Agreement as a result of accounting for
any embedded derivatives created by the terms of such Indebtedness. 
 “Indemnified Liabilities” has the meaning specified
in Section 10.05. 
 “Indemnitees” has the meaning specified in Section 10.05. 

“Independent Assets or Operations” means, with respect to any Parent Company, that Parent Company’s total assets,
revenues, income from continuing operations before income taxes and cash flows from operating activities (excluding in each case amounts related to its investment in the Borrower and the Restricted Subsidiaries), determined in accordance with GAAP
and as shown on the most recent balance sheet of such Parent Company, is more than 3.0% of such Parent Company’s corresponding consolidated amount. 

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

  
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 “Information” has the meaning specified in Section 10.09. 

“Initial Default” has the meaning specified in Section 1.02. 

“Intellectual Property Security Agreements” has the meaning specified in the Security Agreement. 

“Intercompany Subordination Agreement” means the Intercompany Subordination Agreement, dated as of the Closing Date,
substantially in the form of Exhibit Q executed by the Borrower and each Restricted Subsidiary that is party thereto. 

“Interest Coverage Ratio” means, with respect to any Test Period, the ratio of (a) Adjusted EBITDA of the Borrower and
its Restricted Subsidiaries to (b) Consolidated Cash Interest Charges of the Borrower and its Restricted Subsidiaries for such Test Period, in each case calculated on a pro forma basis with such pro forma adjustments as are appropriate and
consistent with Section 1.07; provided that for the purpose of calculating the Interest Coverage Ratio for any period ending prior to the expiration of four full fiscal quarters since the Closing Date, Consolidated Cash Interest Charges
shall be deemed to be Consolidated Cash Interest Charges for the period from the Closing Date to and including the date of determination multiplied by a fraction equal to (x) 365 divided by (y) the number of days actually elapsed from the
Closing Date to such date of determination. 
 “Interest Payment Date” means, (a) as to any Loan of any
Class other than a Base Rate Loan, the last day of each Interest Period applicable to such Loan and the applicable Maturity Date of the Loans of such Class; provided that if any Interest Period for a Eurodollar Rate Loan exceeds three
months, the respective dates that fall every three months after the beginning of such Interest Period shall also be Interest Payment Dates; and (b) as to any Base Rate Loan of any Class, the last Business Day of each March, June, September and
December and the applicable Maturity Date of the Loans of such Class. 
 “Interest Period” means, as to each Eurodollar
Rate Loan, the period commencing on the date such Eurodollar Rate Loan is disbursed or converted to or continued as a Eurodollar Rate Loan and ending on the date one, three or six months thereafter, as selected by the Borrower in its Committed Loan
Notice; provided that: 
 (1) any Interest Period that would otherwise end on a day that is not a Business Day shall
be extended to the next succeeding Business Day unless such Business Day falls in another calendar month, in which case such Interest Period shall end on the immediately preceding Business Day; 

(2) any Interest Period (other than an Interest Period having a duration of less than one month) that begins on the last
Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of the calendar month at the end of such Interest Period;
and 
 (3) no Interest Period shall extend beyond the applicable Maturity Date for the Class of Loans of which such
Eurodollar Rate Loan is a part. 

  
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 “Investment Grade Rating” means a rating equal to or higher than Baa3 (or
the equivalent) by Moody’s or BBB- (or the equivalent) by S&P, or an equivalent rating by any other Rating Agency selected by the Borrower. 

“Investment Grade Securities” means: 

(1) securities issued or directly and fully guaranteed or insured by the United States government or any agency or
instrumentality thereof (other than Cash Equivalents); 
 (2) debt securities or debt instruments with an Investment Grade
Rating, but excluding any debt securities or debt instruments constituting loans or advances among the Borrower and its Subsidiaries; 

(3) investments in any fund that invests at least 95% of its assets in investments of the type described in clauses
(1) and (2) which fund may also hold immaterial amounts of cash pending investment or distribution; and 
 (4)
corresponding instruments in countries other than the United States customarily utilized for high quality investments. 

“Investments” means, with respect to any Person, all investments by such Person in other Persons (including Affiliates) in
the form of loans (including guarantees), advances or capital contributions (excluding accounts receivable, credit card and debit card receivables, trade credit, advances to customers, commission, travel and similar advances to employees, directors,
officers, members of management, manufacturers and consultants, in each case made in the ordinary course of business or consistent with industry practice), purchases or other acquisitions for consideration of Indebtedness, Equity Interests or other
securities issued by any other Person. For purposes of the definition of “Unrestricted Subsidiary” and Section 7.05, 

(1) “Investments” will include the portion (proportionate to the Borrower’s Equity Interest in such Subsidiary)
of the fair market value of the net assets of a Subsidiary of the Borrower at the time that such Subsidiary is designated an Unrestricted Subsidiary; provided that upon a redesignation of such Subsidiary as a Restricted Subsidiary, the
Borrower will be deemed to continue to have a permanent “Investment” in an Unrestricted Subsidiary in an amount (if positive) equal to: 

(a) The Borrower’s “Investment” in such Subsidiary at the time of such redesignation; minus 

(b) the portion (proportionate to the Borrower’s Equity Interest in such Subsidiary) of the fair market value of the net
assets of such Subsidiary at the time of such redesignation; and 
 (2) any property transferred to or from an Unrestricted
Subsidiary will be valued at its fair market value at the time of such transfer. 

  
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 The amount of any Investment outstanding at any time will be the original cost of such
Investment, reduced by any dividend, distribution, interest payment, return of capital, repayment or other amount received in cash by the Borrower or a Restricted Subsidiary in respect of such Investment. 

“Investors” means (a) the Sponsor and (b) other investors that, directly or indirectly, beneficially own Capital
Stock in Holdings on the Closing Date. 
 “IPO Entity” means, at any time upon and after a Qualifying IPO, Holdings or any
Parent Company, the Equity Interests of which were issued or otherwise sold pursuant to such Qualifying IPO; provided that, immediately following such Qualifying IPO, the Borrower is a direct or indirect wholly owned Subsidiary of such IPO
Entity and such IPO Entity owns, directly or through its subsidiaries, substantially all the businesses and assets owned or conducted, directly or indirectly, by the Borrower immediately prior to such Qualifying IPO. 

“IPO Reorganization Transaction” means any re-organization or other similar
activities among any Parent Company, Holdings, the Borrower and the Restricted Subsidiaries in connection with and reasonably related to consummating a Qualifying IPO, so long as, after giving effect thereto, (a) the Loan Parties are in
compliance with the Collateral and Guarantee Requirement and Section 6.11, (b) taken as a whole, the value of the Collateral securing the Obligations and the Guarantees by the Guarantors of the Obligations are not materially reduced or impaired
and (c) the Liens in favor of the Administrative Agent for the benefit of the Secured Parties under the Security Documents are not materially impaired. 

“IP Rights” has the meaning specified in Section 5.15. 

“IRS” means Internal Revenue Service of the United States. 

“Judgment Currency” has the meaning specified in Section 10.26. 

“Junior Lien Debt” means any Indebtedness for borrowed money of any Loan Party that is secured on a junior basis to the Liens
securing the Obligations of such Loan Party arising under the Loan Documents. 
 “KCM” means KKR Capital Markets LLC. 

“Latest Maturity Date” means, at any date of determination, the latest maturity or expiration date applicable to any Loan or
Commitment hereunder at such time, including the latest maturity or expiration date of any Incremental Term Loan, any Refinancing Term Loan, Replacement Loan or any Extended Loan, in each case as extended in accordance with this Agreement from time
to time. 
 “Laws” means, collectively, all international, foreign, federal, state and local laws (including common law),
statutes, treaties, rules, legally enforceable guidelines, regulations, ordinances, codes and administrative or judicial precedents or authorities and executive orders, including the legally binding interpretation or administration thereof by any
Governmental Authority charged with the enforcement, interpretation or administration thereof, and all applicable administrative orders, directed duties, licenses, authorizations and permits of, and agreements with, any Governmental Authority. 

  
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 “LCT Election” has the meaning specified in Section 1.07. 

“LCT Test Date” has the meaning specified in Section 1.07. 

“Legal Holiday” means Saturday, Sunday or a day on which commercial banking institutions are not required to be open in the
State of New York or at the place of payment. 
 “Lender” has the meaning specified in the introductory paragraph to this
Agreement and their respective successors and assigns as permitted hereunder, each of which is referred to herein as a “Lender.” For avoidance of doubt, each Additional Lender is a Lender to the extent any such Person has executed and
delivered a Refinancing Amendment, an Incremental Amendment or an amendment in respect of Replacement Loans, as the case may be, and to the extent such Refinancing Amendment, Incremental Amendment or amendment in respect of Replacement Loans shall
have become effective in accordance with the terms hereof and thereof, and each Extending Lender shall continue to be a Lender. As of the Closing Date, Schedule 2.01 sets forth the name of each Lender. 

“Lender Direction” has the meaning specified in Section 8.04(2). 

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

“Lien” means, with respect to any asset, any mortgage, lien (statutory or otherwise), pledge, hypothecation, charge, security
interest or encumbrance of any kind in respect of such asset, whether or not filed, recorded or otherwise perfected under applicable law, including any conditional sale or other title retention agreement, any lease in the nature thereof, any option
or other agreement to sell or give a security interest and any authorized 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 will an
operating lease be deemed to constitute a Lien. 
 “Limited Condition Transaction” means any (1) Permitted Acquisition
or other investment permitted hereunder by the Borrower or one or more of its Restricted Subsidiaries whose consummation is not conditioned on the availability of, or on obtaining, third-party financing and (2) repayment, repurchase, prepayment
or Refinancing of Indebtedness with respect to which an irrevocable notice of repayment (or similar irrevocable notice) is delivered. 

“Loan” means an extension of credit under Article II or the making of Replacement Loans pursuant to Section 10.01
by a Lender to the Borrower in the form of a Term Loan. 
 “Loan Documents” means, collectively, (a) this Agreement,
(b) the Term Notes, (c) any Refinancing Amendment, Incremental Amendment, Extension Amendment or amendment in respect of Replacement Loans, (d) the Guaranty, (e) the Collateral Documents and (f) the Applicable Intercreditor
Agreements. 
 “Loan Parties” means, collectively, (a) the Borrower, (b) Holdings and (c) each other
Guarantor. 

  
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 “Long Derivative Instrument” means a Derivative Instrument (i) the
value of which generally increases, and/or the payment or delivery obligations under which generally decrease, with positive changes to the Performance References and/or (ii) the value of which generally decreases, and/or the payment or
delivery obligations under which generally increase, with negative changes to the Performance References. 
 “Management Services
Agreement” means the management services agreement or similar agreements among the Sponsor or certain of its respective management companies associated with it or their advisors, if applicable, and the Borrower (or any Parent Company). 

“Management Stockholders” means the members of management (and their Controlled Investment Affiliates and Immediate Family
Members and any permitted transferees thereof) of the Borrower (or any Parent Company) who are holders of Equity Interests of any Parent Company on the Closing Date or will become holders of such Equity Interests in connection with the Transactions.

 “Margin Stock” has the meaning set forth in Regulation U of the Board of Governors of the United States Federal Reserve
System, or any successor thereto. 
 “Market Capitalization” mean an amount equal to (a) the total number of issued
and outstanding shares of common Equity Interests of the Borrower, Holdings or any other Parent Company on the date of the declaration of the applicable Restricted Payment multiplied by (b) the arithmetic mean of the closing prices per share of
such common Equity Interests on the principal securities exchange on which such common Equity Interests are traded for the 30 consecutive trading days immediately preceding the date of declaration of such Restricted Payment. 

“Material Adverse Effect” means (i) a material adverse effect on the business, financial condition or results of
operations of the Loan Parties and their subsidiaries, taken as a whole, or (ii) a material and adverse effect on the material rights and remedies of the Administrative Agent and the Lenders under the Loan Documents, taken as a whole. 

“Material Domestic Subsidiary” means any Domestic Subsidiary that is a Material Subsidiary. 

“Material Subsidiary” means, as of the Closing Date and thereafter at any date of determination, each of the Borrower’s
Subsidiaries that is a Restricted Subsidiary (a) whose Total Assets at the last day of the most recent Test Period (when taken together with the Total Assets of the Restricted Subsidiaries of such Subsidiary at the last day of the most recent
Test Period) were equal to or greater than 5.0% of Total Assets of the Borrower and the Restricted Subsidiaries that are Subsidiaries at such date or (b) whose gross revenues for such Test Period (when taken together with the gross revenues of
the Restricted Subsidiaries of such Subsidiary for such Test Period) were equal to or greater than 5.0% of the consolidated gross revenues of the Borrower and the Restricted Subsidiaries that are Subsidiaries for such Test Period, in each case
determined in accordance with GAAP; provided that if at any time and from time to time after the date which is 30 days after the Closing Date (or such longer period as the Administrative Agent may agree in its sole discretion), Subsidiaries
that are not Material Subsidiaries solely because they do not meet the thresholds set forth in the preceding clause (a) or (b) comprise in the aggregate more than 

  
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(when taken together with the Total Assets of the Restricted Subsidiaries of such Subsidiaries at the last day of the most recent Test Period) 7.5% of Total Assets of the Borrower and the
Restricted Subsidiaries that are Subsidiaries (excluding Subsidiaries otherwise constituting Excluded Subsidiaries) as of the end of the most recently ended Test Period or more than (when taken together with the gross revenues of the Restricted
Subsidiaries of such Subsidiaries for such Test Period) 7.5% of the consolidated gross revenues of the Borrower and the Restricted Subsidiaries that are Subsidiaries (excluding Subsidiaries otherwise constituting Excluded Subsidiaries) for such Test
Period, then the Borrower shall, not later than thirty (30) days after the date by which financial statements for such Test Period were required to be delivered pursuant to this Agreement (or such longer period as the Administrative Agent may
agree in its reasonable discretion), (i) designate in writing (which may be by email) to the Administrative Agent one or more of such Subsidiaries that are Restricted Subsidiaries as “Material Subsidiaries” to the extent required such that
the foregoing condition ceases to be true and (ii) comply with the provisions of Section 6.11 with respect to any such Subsidiaries. At all times prior to the delivery of the aforementioned financial statements, such determinations shall
be made based on the Pro Forma Financial Statements. 
 “Maturity Date” means (i) with respect to the Closing Date
Term Loans, in each case that have not been extended pursuant to Section 2.16, the date that is seven years after the Closing Date, (ii) with respect to any tranche of Extended Loans, the final maturity date as specified in the applicable
Extension Amendment, (iii) with respect to any Refinancing Term Loans, the final maturity date as specified in the applicable Refinancing Amendment, (iv) with respect to any Incremental Term Loans, the final maturity date as specified in
the applicable Incremental Amendment and (v) with respect to Replacement Loans, the final maturity date as specified in the applicable amendment; provided that in each case, if such day is not a Business Day, the applicable Maturity Date
shall be the Business Day immediately succeeding such day. 
 “Maximum Rate” has the meaning specified in
Section 10.11. 
 “Maximum Tender Condition” has the meaning specified in Section 2.19(2). 

“MFN Protection Provisions” has the meaning specified in Section 2.14(8). 

“Minimum Tender Condition” has the meaning specified in Section 2.19(2). 

“Moody’s” means Moody’s Investors Service, Inc. and any successor to its rating agency business. 

“Morgan Stanley” means Morgan Stanley Senior Funding, Inc. 

“Multiemployer Plan” means any multiemployer plan as defined in Section 4001(a)(3) of ERISA and subject to Title IV of
ERISA, to which any Loan Party or any of their respective ERISA Affiliates makes or is obligated to make contributions, or during the preceding five plan years, has made or been obligated to make contributions, to the extent any liability related
thereto remains (contingent or otherwise). 
 “Negative Excess Cash Flow Amount” has the meaning specified in
Section 2.05(2). 

  
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 “Net Income” means, with respect to any Person, the net income (loss) of
such Person, determined in accordance with GAAP and before any reduction in respect of Preferred Stock dividends. 
 “Net
Proceeds” means: 
 (1) with respect to any Asset Sale or any Casualty Event, the aggregate cash and Cash Equivalent
proceeds received by the Borrower or any of its Restricted Subsidiary in respect of such Asset Sale or Casualty Event, including any Cash Equivalents received upon the sale or other disposition of any Designated
Non-Cash Consideration received in any Asset Sale, net of the costs relating to such Asset Sale or Casualty Event and the sale or disposition of such Designated Non-Cash
Consideration, including legal, accounting and investment banking fees, payments made in order to obtain a necessary consent or required by applicable law, brokerage and sales commissions, all dividends, distributions or other payments required to
be made to minority interest holders in Restricted Subsidiaries as a result of any such Asset Sale or Casualty Event by a Restricted Subsidiary, the amount of any purchase price or similar adjustment claimed by any Person to be owed by the Borrower
or any Restricted Subsidiary, until such time as such claim will have been settled or otherwise finally resolved, or paid or payable by the Borrower or any Restricted Subsidiary, in either case in respect of such Asset Sale or Casualty Event, any
relocation expenses incurred as a result thereof, costs and expenses in connection with unwinding any Hedging Obligation in connection therewith, other fees and expenses, including title and recordation expenses, taxes paid or payable as a result
thereof or any transactions occurring or deemed to occur to effectuate a payment under this Agreement, amounts required to be applied to the repayment of principal, premium, if any, and interest on Indebtedness (other than Subordinated Indebtedness)
or amounts required to be applied to the repayments of Indebtedness secured by a Lien on such assets and required (other than required by Section 2.05(2)(b)) to be paid as a result of such transaction and any deduction of appropriate amounts to
be provided by the Borrower or any Restricted Subsidiary as a reserve in accordance with GAAP against any liabilities associated with the asset disposed of in such transaction and retained by the Borrower or any Restricted Subsidiary after such sale
or other disposition thereof, including pension and other post-employment benefit liabilities and liabilities related to environmental matters or against any indemnification obligations associated with such transaction; provided that
(a) subject to clause (b) below, no net cash proceeds calculated in accordance with the foregoing realized in a single transaction or series of related transactions shall constitute Net Proceeds unless such net cash proceeds shall exceed
$10.0 million and (b) no such net cash proceeds shall constitute Net Proceeds under this clause (1) in any fiscal year until the aggregate amount of all such net cash proceeds in such fiscal year shall exceed $20.0 million (and
thereafter only net cash proceeds in excess of such amount shall constitute Net Proceeds under this clause (1) and any amounts not used in any fiscal year may be carried forward and applied to increase the applicable threshold in the subsequent
fiscal year); and 

  
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 (2) (a) with respect to the incurrence or issuance of any Indebtedness by
the Borrower or any Restricted Subsidiary or any Permitted Equity Issuance by the Borrower or any Parent Company, the excess, if any, of (i) the sum of the cash and Cash Equivalents received in connection with such incurrence or issuance over
(ii) all taxes paid or reasonably estimated to be payable, and all fees (including investment banking fees, attorneys’ fees, accountants’ fees, underwriting fees and discounts), commissions, costs and other out-of-pocket expenses and other customary expenses incurred, in each case by the Borrower or such Restricted Subsidiary in connection with such incurrence or issuance and
(b) with respect to any Permitted Equity Issuance by any Parent Company, the amount of cash from such Permitted Equity Issuance contributed to the capital of the Borrower. 

“Net Short” means, with respect to a Lender or beneficial owner (other than a Lender that is a Regulated Bank), as of a date
of determination, either (i) the value of its Short Derivative Instruments exceeds the sum of the (x) the value of its Obligations plus (y) the value of its Long Derivative Instruments as of such date of determination or (ii) it
is reasonably expected that such would have been the case were a Failure to Pay or Bankruptcy Credit Event (each as defined in the 2014 ISDA Credit Derivatives Definitions) to have occurred with respect to the Borrower or any guarantor immediately
prior to such date of determination. 
 “Non-Consenting Lender” has the meaning
specified in Section 3.07. 
 “Non-Defaulting Lender” means, at any time, a
Lender that is not a Defaulting Lender. 
 “Non-Excluded Taxes” means all Taxes
other than Excluded Taxes imposed on or with respect to any payment made by or on account of any obligation of any Loan Party under any Loan Document. 

“Non-Extended Lender” has the meaning specified in Section 2.16. 

“Non-Loan Party” means any Subsidiary of the Borrower that is not a Loan Party. 

“Non-Recourse Indebtedness” means Indebtedness that is
non-recourse to the Borrower and the Restricted Subsidiaries. 
 “Obligations”
means all 
 (1) advances to, and debts, liabilities, obligations, covenants and duties of, any Loan Party arising under any
Loan Document or otherwise with respect to any Loan, including the obligation (including guarantee obligations) to pay principal, interest, reimbursement obligations, charges, expenses, fees, Attorney Costs, indemnities and other amounts payable by
any Loan Party under any Loan Document, whether direct or indirect (including those acquired by assumption), absolute or contingent, due or to become due, now existing or hereafter arising and including interest, fees, expenses, Attorney Costs,
indemnities and other amounts that accrue after the commencement by or against any Loan Party of any proceeding under any Debtor Relief Laws naming such Person as the debtor in such proceeding, regardless of whether such interest, fees, expenses,
Attorney Costs and/or other amounts are allowed claims in such proceeding, 
 (2) obligations (other than Excluded Swap
Obligations) of the Borrower or any Restricted Subsidiary arising under any Secured Hedge Agreement, 

  
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 (3) Cash Management Obligations under each Secured Cash Management Agreement
and 
 (4) the Guaranty in respect of each of the foregoing. 

Notwithstanding the foregoing, (a) unless otherwise agreed to by the Borrower and any applicable Hedge Bank or Cash Management Bank, the
obligations of Holdings, the Borrower or any Subsidiary under any Secured Hedge Agreement and under any Secured Cash Management Agreement shall be secured and guaranteed pursuant to the Collateral Documents and the Guaranty only to the extent that,
and for so long as, the other Obligations are so secured and guaranteed and (b) any release of Collateral or Guarantors effected in the manner permitted by this Agreement and any other Loan Document shall not require the consent of the holders
of Hedging Obligations under Secured Hedge Agreements or of the holders of Cash Management Obligations under Secured Cash Management Agreements. 

“OFAC” has the meaning specified in Section 5.17. 

“Offered Amount” has the meaning specified in Section 2.05(1)(e)(D)(1). 

“Offered Discount” has the meaning specified in Section 2.05(1)(e)(D)(1). 

“Officer’s Certificate” means a certificate signed on behalf of a Person by a Responsible Officer of such Person (which
may instead be an unsigned email from a Responsible Officer of such Person). 
 “OID” means original issue discount. 

“Opinion of Counsel” means a written opinion from legal counsel who is reasonably acceptable to the Administrative Agent.
Counsel may be an employee of or counsel to the Borrower or the Administrative Agent. 
 “ordinary course of business”
means activity conducted in the ordinary course of business of Holdings and any Restricted Subsidiary, financing transactions in connection therewith and will include Sale-Leaseback Transactions. 

“Organizational Documents” means 

(1) with respect to any corporation or exempted company, the certificate or articles of incorporation and the bylaws or
memorandum or articles of association (or equivalent or comparable constitutive documents with respect to any non-U.S. jurisdiction); 

(2) with respect to any limited liability company, the certificate or articles of formation or organization and operating
agreement; and 

  
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 (3) with respect to any partnership, exempted limited partnership, joint
venture, trust or other form of business entity, the partnership, exempted limited partnership, joint venture or other applicable agreement of formation, registration or organization and any agreement, instrument, filing or notice with respect
thereto filed in connection with its formation or organization with the applicable Governmental Authority in the jurisdiction of its formation, registration or organization and, if applicable, any certificate or articles of formation, registration
or organization of such entity. 
 “Other Applicable ECF” means Excess Cash Flow or a comparable measure as determined in
accordance with the documentation governing Other Applicable Indebtedness. 
 “Other Applicable Indebtedness” means
Permitted Incremental Equivalent Debt and Credit Agreement Refinancing Indebtedness secured on a pari passu basis with the Closing Date Term Loans, together with Refinancing Indebtedness in respect of any of the foregoing that is secured on a
pari passu basis with the Closing Date Term Loans. 
 “Other Applicable Net Proceeds” means Net Proceeds or a
comparable measure as determined in accordance with the documentation governing Other Applicable Indebtedness. 
 “Other Rate Early Opt-in” means the Administrative Agent and the Borrower have elected to replace the Adjusted Eurodollar Rate with a Benchmark Replacement other than a SOFR-based rate pursuant to (1) an Early Opt-in Election and (2) Section 3.03(2) and paragraph (2) of the definition of “Benchmark Replacement”. 

“Other Taxes” means any and all present or future stamp, court or documentary Taxes, intangible, recording, filing or similar
Taxes arising from any payment made under, from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of a security interest under, or otherwise with respect to, any Loan Document. 

“Outstanding Amount” means on any date, the outstanding principal amount of any Term Loans after giving effect to any
borrowings and prepayments or repayments of Term Loans, occurring on such date. 
 “Overnight Rate” means, for any day, the
greater of (a) the Federal Funds Rate and (b) an overnight rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation. 

“Parent Company” means any Person so long as such Person directly or indirectly holds 100.0% of the total voting power of the
Capital Stock of the Borrower, and at the time such Person acquired such voting power, no Person and no group (within the meaning of Section 13(d)(3) or Section 14(d)(2) of the Exchange Act or any successor provision), including any such
group acting for the purpose of acquiring, holding or disposing of securities (within the meaning of Rule 13d-5(b)(1) under the Exchange Act) (other than any Permitted Holder), will have beneficial ownership
(within the meaning of Rule 13d-3 under the Exchange Act, or any successor provision), directly or indirectly, of 50.0% or more of the total voting power of the Voting Stock of such Person. For the avoidance
of doubt, Holdings is a Parent Company of the Borrower. Notwithstanding the foregoing, a passive holding company or special purpose acquisition vehicle shall not be considered a “Person” for purposes of this definition and instead the
equityholders of such passive holding company or special purpose acquisition vehicle shall be considered for purposes of the foregoing. 

  
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 “Pari Passu Intercreditor Agreement” means a Pari Passu Intercreditor
Agreement substantially in the form of Exhibit G-3 among the Collateral Agent and one or more Debt Representatives and the representatives for purposes thereof for holders of one or more other classes of
Indebtedness that constitute Indebtedness secured on a pari passu basis with the Closing Date Term Loans, the Borrower and the other parties thereto, as amended, restated, supplemented or otherwise modified from time to time in accordance with the
requirements thereof and of this Agreement, and which shall also include any replacement intercreditor agreement entered into in accordance with the terms hereof. 

“Participant” has the meaning specified in Section 10.07(d). 

“Participant Register” has the meaning specified in Section 10.07(e). 

“Participating Lender” has the meaning specified in Section 2.05(1)(e)(C)(2). 

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

“Pension Plan” means any “employee pension benefit plan” (as such term is defined in Section 3(2) of ERISA),
other than a Multiemployer Plan, that is subject to Title IV of ERISA and is sponsored or maintained by any Loan Party or any of their respective ERISA Affiliates or to which any Loan Party or any of their respective ERISA Affiliates contributes or
has an obligation to contribute or otherwise has or may have any liability (contingent or otherwise). 
 “Perfection
Certificate” has the meaning specified in the Security Agreement. 
 “Performance References” has the meaning
specified in the definition of “Derivative Instrument.” 
 “Permitted Acquisition” has the meaning specified in
clause (3) of the definition of “Permitted Investments.” 
 “Permitted Asset Swap” means the substantially
concurrent purchase and sale or exchange of Related Business Assets or a combination of Related Business Assets and cash or Cash Equivalents between the Borrower or any Restricted Subsidiary and another Person; provided that any cash or Cash
Equivalents received must be applied in accordance with Section 2.05(2)(b)(i). 
 “Permitted Bond Hedge Transaction”
means any call or capped call option (or substantively equivalent derivative transaction) on the Borrower’s common stock purchased by the Borrower in connection with the issuance of any Convertible Indebtedness; 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
Convertible Indebtedness issued in connection with the Permitted Bond Hedge Transaction. 
 “Permitted Convertible Indebtedness Call
Transaction” means any Permitted Bond Hedge Transaction and any Permitted Warrant Transaction. 

  
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 “Permitted Debt Exchange” has the meaning specified in
Section 2.19(1). 
 “Permitted Debt Exchange Notes” has the meaning specified in Section 2.19(1). 

“Permitted Debt Exchange Offer” has the meaning specified in Section 2.19(1). 

“Permitted Equal Priority Refinancing Debt” means any Credit Agreement Refinancing Indebtedness that is secured on a pari
passu basis with the Closing Date Term Loans. 
 “Permitted Equity Issuance” means any sale or issuance of any
Qualified Equity Interests of the Borrower or any Parent Company. 
 “Permitted Holder” means (1) the Investors and
Management Stockholders and any group (within the meaning of Section 13(d)(3) or Section 14(d)(2) of the Exchange Act) of which any of the foregoing are members; provided that in the case of such group and without giving effect to
the existence of such group or any other group, such Investor and Management Stockholders, collectively, have beneficial ownership of more than 50.0% of the total voting power of the Voting Stock of the Borrower or any Permitted Parent, and
(2) any Person acting in the capacity of an underwriter (solely to the extent that and for so long as such Person is acting in such capacity) in connection with a public or private offering of Capital Stock of the Borrower or any Permitted
Parent. Notwithstanding the foregoing, a passive holding company or special purpose acquisition vehicle shall not be considered a “Person” for purposes of this definition and instead the equityholders of such passive holding company or
special purpose acquisition vehicle shall be considered for purposes of the foregoing. 
 “Permitted Incremental Amount”
means the sum of: 
 (1) 

(a) (I) the greater of (x) $135.0 million and (y) 75.0% of Adjusted EBITDA of the Borrower and its Restricted
Subsidiaries as of the most recently ended Test Period calculated giving pro forma effect in accordance with Section 1.07 thereto (the foregoing clauses (x) and (y), the “Incremental Starter Amount”), minus
the aggregate amount of all Incremental Term Loans previously incurred in reliance on the Incremental Starter Amount, plus 

(b) the aggregate principal amount of (x) any prepayments of Term Loans (in the case of Term Loans consisting of
Incremental Term Loans (or any Refinancing thereof) solely to the extent incurred in reliance on this clause (1)) made pursuant to Section 2.05(1)(a), the aggregate amount of all Term Loans repurchased and prepaid pursuant to
Section 2.05(1)(e) or otherwise in a manner not prohibited by Section 10.07(l) (determined on the face amount of such prepayment rather than the actual cash applied), payments made pursuant to Section 3.07 (but only to the extent such
amount is prepaid or repaid) and (y) all reductions of the ABL Commitments pursuant to Section 2.06 of the ABL Credit Agreement, in each case prior to such date (other than, in each case, prepayments, repurchases and commitment reductions
(A) made with the proceeds of the incurrence of Credit Agreement Refinancing Indebtedness or other long-term 

  
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Indebtedness (other than the ABL Facility or other revolving loans) or (B) of Incremental Facilities or Incremental Equivalent Debt that had been incurred in reliance on the following clause
(2) (the foregoing clauses (x) and (y), the “Incremental Repayment Amount”; and the Incremental Starter Amount and the Incremental Repayment Amount, collectively, the “Fixed Incremental Amount”; and
Indebtedness incurred using the Fixed Incremental Amount, “Fixed Incremental Amount Indebtedness”), plus 

(2) such additional amount (the “Ratio Amount” and, Indebtedness incurred using the Ratio Amount,
“Ratio Amount Indebtedness”) that would not result in the Borrower’s First Lien Net Leverage Ratio exceeding 2.00 to 1.00 on a pro forma basis in accordance with Section 1.07 and including a pro forma
application of the net proceeds therefrom (excluding for netting purposes the cash proceeds of any then proposed Ratio Amount Indebtedness and with respect to the calculation of the Ratio Amount, without taking into account any Indebtedness that
constitutes concurrent draws under the ABL Facility), as if the additional Indebtedness incurred pursuant to this clause (2) had been incurred and the application of the proceeds therefrom has occurred at the beginning of such Test Period; 

For the avoidance of doubt, Section 1.07(9) shall apply if the Borrower incurs Fixed Incremental Amount Indebtedness on the same date that it incurs
Ratio Amount Indebtedness. The Borrower may reclassify all or any portion of Indebtedness originally incurred under clause (1) above as having been incurred under clause (2) above so long as, at the time of such reclassification, the
Borrower would be permitted to incur the aggregate amount of Indebtedness being so reclassified under clause (2) above (it being understood and agreed that such reclassification shall be automatic if at the end of any fiscal quarter such
reclassification would then be permitted). 
 “Permitted Incremental Equivalent Debt” means secured or unsecured
Indebtedness of any of the Borrower and any Guarantors in the form of loans or one or more series of notes; provided that: 

(1) the aggregate principal amount of all Permitted Incremental Equivalent Debt on any date such Indebtedness is incurred or
issued, after giving effect to such incurrence or issuance, shall not, together with any Incremental Term Facilities incurred on such date (excluding for netting purposes the cash proceeds of any then proposed Incremental Equivalent Ratio Amount
Indebtedness thereof and with respect to the calculation of the Incremental Equivalent Ratio Amount, without taking into account any Indebtedness that constitutes concurrent draws under the ABL Facility), exceed (A) the Incremental Repayment
Amount plus (B) such additional amount (the “Incremental Equivalent Ratio Amount” and, Indebtedness incurred using the Incremental Equivalent Ratio Amount, “Incremental Equivalent Ratio Amount Indebtedness”)
that would result (I) if such Indebtedness is secured by a Lien on the Collateral that is pari passu with the Liens securing the Obligations, the First Lien Net Leverage Ratio is not greater than either 2.00 to 1.00, (II) if such Indebtedness
is secured by a Lien on the Collateral that is junior to the Liens securing the Obligations, the Senior Secured Leverage Ratio is not greater than 3.00 to 1.00 and (III) if such Indebtedness is unsecured or secured by assets that do not
constitute Collateral, the Total Net Leverage Ratio is not greater than 3.50 to 

  
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1.00, and in the case of each of the foregoing clauses (I), (II) and (III), determined as of the most recently ended Test Period and on a pro forma basis in accordance with
Section 1.07 and including a pro forma application of the net proceeds therefrom (excluding for netting purposes the cash proceeds of any then proposed Incremental Equivalent Ratio Amount Indebtedness and, with respect to the calculation
of the Incremental Ratio Amount, without taking into account any concurrent draws under the ABL Facility), as if the additional Indebtedness incurred pursuant to this clause (B) had been incurred and the application of the proceeds therefrom
has occurred at the beginning of such Test Period; provided the aggregate amount of Permitted Ratio Debt and Incremental Equivalent Ratio Amount Indebtedness, collectively, incurred by Restricted Subsidiaries that are not Loan Parties shall
not exceed the greater of (a) $60.0 million and (b) 35.0% of Adjusted EBITDA of the Borrower and its Restricted Subsidiaries as of the most recently ended Test Period calculated after giving pro forma effect thereto; 

(2) such Permitted Incremental Equivalent Debt will not have a final maturity date prior to the Maturity Date of the Closing
Date Term Loans and will not have a shorter Weighted Average Life to Maturity than the Closing Date Term Loans; 
 (3) any
Permitted Incremental Equivalent Debt shall not be guaranteed by any Subsidiaries of the Borrower other than the Subsidiary Guarantors and any Restricted Subsidiaries of the Borrower that provide guarantees for such Permitted Incremental Equivalent
Debt shall be Subsidiary Guarantors; 
 (4) any mandatory prepayments of: 

(a) any Permitted Incremental Equivalent Debt that comprises junior lien or unsecured notes or loans may not be made except to
the extent that prepayments of such debt are (i) permitted hereunder and (ii) to the extent required hereunder or pursuant to the terms of any Permitted Incremental Equivalent Debt that is secured on a pari passu basis with the
Closing Date Term Loans, first made or offered to the Loans and any such Permitted Incremental Equivalent Debt that is secured on a pari passu basis with the Closing Date Term Loans; and 

(b) any Permitted Incremental Equivalent Debt that is secured on a pari passu basis with the Term Loans shall be made on
a pro rata basis or less than pro rata basis (but not greater than a pro rata basis) with the Closing Date Term Loans (in each case, other than pursuant to a refinancing transaction permitted hereunder or with respect to greater than pro rata
payments to an earlier maturing tranche); 
 (5) if such Permitted Incremental Equivalent Debt is secured: 

(a) such Permitted Incremental Equivalent Debt is not secured by any assets or property of the Borrower or any Restricted
Subsidiary that does not constitute Collateral (subject to customary exceptions for cash collateral in favor of a letter of credit issuer or similar “fronting” lender); 

  
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 (b) if such Permitted Incremental Equivalent Debt is secured on a pari
passu basis or junior basis to the Closing Date Term Loans, a Debt Representative acting on behalf of the holders of such Permitted Incremental Equivalent Debt has become party to or is otherwise subject to the provisions of the Applicable
Intercreditor Agreement; 
 (c) the terms and conditions (other than (x) pricing, rate floors discounts, fees, premiums
and optional prepayment or redemption provisions and (y) covenants or other provisions applicable only to periods after the Latest Maturity Date at the time of incurrence of such Indebtedness or to the extent any such covenant or other
provision is added for the benefit of the Term Facility) shall not be in the good faith determination of the Borrower materially less favorable (when taken as a whole) to the Borrower than the terms and conditions of the Loan Documents (when taken
as a whole); and 
 (d) does not have scheduled amortization payments of principal or payments of principal and is not
subject to mandatory redemption, repurchase, prepayment or sinking fund obligations (except customary asset sale or change of control provisions that provide for the prior payment in full of the Term Loans and other Obligations), in each case on or
prior to the Latest Maturity Date at the time such Indebtedness is incurred. 
 The incurrence of any Permitted Incremental Equivalent Debt shall be subject
to the satisfaction of the applicable conditions set forth in Section 2.14(6), except that Permitted Incremental Equivalent Debt (i) will not be subject to the MFN Protection Provisions except to the extent such Permitted Incremental
Equivalent Debt is Qualifying Term Loans (in which case, such MFN Protection Provisions shall apply for the period commencing on the Closing Date until the eighteen (18) month anniversary thereof) and (ii) may be incurred or issued in the
form of a Qualifying Bridge Facility, in which case, clauses (2) and (4)(d) of the first proviso in this definition shall not prohibit the inclusion of customary terms for “bridge” facilities, including customary mandatory prepayment,
repurchase or redemption provisions. 
 “Permitted Indebtedness” means Indebtedness permitted to be incurred in accordance
with Section 7.02. 
 “Permitted Investments” means: 

(1) any Investment in or among the Borrower and its Restricted Subsidiaries; provided that the aggregate amount of
Investments by Loan Parties in Restricted Subsidiaries that are not Loan Parties shall not exceed (other than with respect to ordinary course Investments and Investments in the form of secured Indebtedness owed from
Non-Loan Parties to Loan Parties) the greater of (a) $90.0 million and (b) 50.0% of Adjusted EBITDA of the Borrower and its Restricted Subsidiaries as of the most recently ended Test Period calculated
after giving pro forma effect thereto; 
 (2) any Investment(s) in Cash Equivalents or Investment Grade Securities and
Investments that were Cash Equivalents or Investment Grade Securities when made; 

  
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 (3) (a) any Investment by the Borrower or any Restricted Subsidiary in any
Person (directly or through entities that will be Restricted Subsidiaries but are not required to become Guarantors), if as a result of such Investment (i) such Person becomes a Restricted Subsidiary or (ii) such Person, in one transaction
or a series of related transactions, is amalgamated, merged or consolidated with or into, or transfers or conveys substantially all of its assets to, or is liquidated into, the Borrower or a Restricted Subsidiary, together with any other Investments
in a Restricted Subsidiary necessary to consummate the foregoing (a “Permitted Acquisition”); provided that: 

(i) to the extent required by the Collateral and Guarantee Requirement, after giving effect to any such Permitted Acquisition,
the Borrower shall be in compliance with the covenant set forth in Section 6.11, 
 (ii) after giving effect to any
such Permitted Acquisition, the Borrower shall be in compliance with the covenant set forth in Section 6.17, 
 (iii)
after giving effect to such Permitted Acquisition, the Total Net Leverage Ratio would be equal to or less than 2.00 to 1.00; 

(b) any Investment held by such Person that is acquired pursuant to such Permitted Acquisition; provided that such
Investment was not acquired by such Person in contemplation of such acquisition, merger, amalgamation, consolidation, transfer or conveyance; 

(4) any Investment in securities or other assets not constituting Cash Equivalents or Investment Grade Securities and received
in connection with an Asset Sale made in accordance with Section 7.04 or any other disposition of assets not constituting an Asset Sale; 

(5) any Investment existing on the Closing Date and, with respect to any such Investment in an amount in excess of
$15.0 million, set forth on Schedule 1.01(2) or made pursuant to binding commitments in effect on the Closing Date or an Investment consisting of any extension, modification, replacement, renewal or reinvestment of any Investment or
binding commitment existing on the Closing Date or contemplated on the Closing Date; provided that the amount of any such Investment or binding commitment may be increased, extended, modified, replaced, reinvested or renewed, (a) as
required by the terms of such Investment or binding commitment as in existence on the Closing Date (including as a result of the accrual or accretion of interest or original issue discount or the issuance of pay-in-kind securities) or (b) as otherwise permitted hereunder; 
 (6) any
Investment acquired by the Borrower or any Restricted Subsidiary: 
 (a) in exchange for any other Investment, accounts
receivable or endorsements for collection or deposit held by the Borrower or any Restricted Subsidiary in connection with or as a result of a bankruptcy, workout, reorganization or recapitalization of, or settlement of delinquent accounts and
disputes with or judgments against, the issuer of such other Investment or accounts receivable (including any trade creditor or customer); 

(b) in satisfaction of judgments against other Persons; 

  
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 (c) as a result of a foreclosure by the Borrower or any Restricted
Subsidiary with respect to any secured Investment or other transfer of title with respect to any secured Investment in default; or 

(d) as a result of the settlement, compromise or resolution of (i) litigation, arbitration or other disputes or
(ii) obligations of trade creditors or customers that were incurred in the ordinary course of business or consistent with industry practice of the Borrower or any Restricted Subsidiary, including pursuant to any plan of reorganization or
similar arrangement upon the bankruptcy or insolvency of any trade creditor or customer; 
 (7) Hedging Obligations permitted
under Section 7.02(b)(10); 
 (8) any Investment in a Similar Business taken together with all other Investments made
pursuant to this clause (8) that are at the time outstanding not to exceed the greater of (a) $40.0 million and (b) 20.0% of Adjusted EBITDA of the Borrower and its Restricted Subsidiaries as of the most recently ended Test Period
calculated giving pro forma effect in accordance with Section 1.07 thereto (with the amount of each Investment being measured at the time made and without giving effect to subsequent changes in value, but subject to adjustment as set
forth in the definition of “Investment”); provided, however, that if any Investment pursuant to this clause (8) is made in any Person that is not a Restricted Subsidiary of the Borrower at the date of the making of such
Investment and such Person becomes a Restricted Subsidiary after such date, such Investment will thereafter be deemed to have been made pursuant to clause (1) above (to the extent permitted thereunder) and will cease to have been made pursuant
to this clause (8) for so long as such Person continues to be a Restricted Subsidiary; 
 (9) Investments the payment
for which consists of Equity Interests (other than Disqualified Stock) of the Borrower or any Parent Company; provided that such Equity Interests will not increase the Available Amount; 

(10) (a) guarantees of Indebtedness permitted under Section 7.02, performance guarantees and Contingent Obligations
incurred in the ordinary course of business or consistent with industry practice, and (b) the creation of liens on the assets of the Borrower or any Restricted Subsidiary in compliance with Section 7.01; 

(11) any transaction to the extent it constitutes an Investment that is permitted by and made in accordance with the provisions
of Section 6.19(b)(3), (4), (7), (8), (10), (12), (14), (16), (17), (18), (19), (20), (23) and (24); 
 (12) Investments
consisting of purchases and acquisitions of inventory, supplies, material, services or equipment or similar assets or the licensing or contribution of IP Rights pursuant to joint marketing arrangements with other Persons; 

 

  
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 (13) Investments having an aggregate fair market value, taken together with
all other Investments made pursuant to this clause (13) that are at that time outstanding (without giving effect to the sale of an Unrestricted Subsidiary to the extent the proceeds of such sale do not consist of Cash Equivalents or marketable
securities), not to exceed the greater of (a) $50.0 million and (b) 27.50% of Adjusted EBITDA of the Borrower and its Restricted Subsidiaries as of the most recently ended Test Period calculated giving pro forma effect thereto (with the
fair market value of each Investment being measured at the time made and without giving effect to subsequent changes in value, but subject to adjustment as set forth in the definition of “Investment”); 

(14) Investments in or relating to a Securitization Subsidiary that, in the good faith determination of the Borrower, are
necessary or advisable to effect any Qualified Securitization Facility (including distributions or payments of Securitization Fees) or any repurchase or indemnity obligation pursuant to a Securitization Repurchase/Indemnity Obligation (including the
contribution or lending of Cash Equivalents to Subsidiaries to finance the purchase of such assets from the Borrower or any Restricted Subsidiary or to otherwise fund required reserves); 

(15) loans and advances to, or guarantees of Indebtedness of, officers, directors, employees, consultants and members of
management not in excess of $20.0 million outstanding at any one time, in the aggregate; 
 (16) loans and advances to
employees, directors, officers, members of management and consultants for business-related travel expenses, moving expenses, payroll advances and other similar expenses or payroll expenses, in each case incurred in the ordinary course of business or
consistent with past practice or consistent with industry practice or to future, present and former employees, directors, officers, members of management and consultants (and their Controlled Investment Affiliates and Immediate Family Members) to
fund such Person’s purchase of Equity Interests of the Borrower or any Parent Company; 
 (17) advances, loans or
extensions of trade credit or prepayments to suppliers or loans or advances made to distributors, in each case, in the ordinary course of business or consistent with past practice or consistent with industry practice by the Borrower or any
Restricted Subsidiary; 
 (18) any Investment in any Subsidiary or any joint venture in connection with intercompany cash
management arrangements or related activities arising in the ordinary course of business or consistent with industry practice; 

(19) Investments consisting of purchases and acquisitions of assets or services in the ordinary course of business or
consistent with industry practice; 
 (20) Investments made in the ordinary course of business or consistent with industry
practice in connection with obtaining, maintaining or renewing client contacts and loans or advances made to distributors; 

(21) Investments in prepaid expenses, negotiable instruments held for collection and lease, utility and workers compensation,
performance and similar deposits entered into as a result of the operations of the business in the ordinary course of business or consistent with industry practice; 

  
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 (22) the purchase or other acquisition of any Indebtedness of the Borrower
or any Restricted Subsidiary to the extent otherwise permitted hereunder; 
 (23) Investments in Unrestricted Subsidiaries
having an aggregate fair market value, taken together with all other Permitted Investments made pursuant to this clause (23) that are at the time outstanding, without giving effect to the sale of an Unrestricted Subsidiary to the extent the
proceeds of such sale do not consist of, or have not been subsequently sold or transferred for, Cash Equivalents or marketable securities, not to exceed the greater of (x) $40.0 million and (y) 20.0% of Adjusted EBITDA of the Borrower and its
Restricted Subsidiaries as of the most recently ended Test Period calculated giving pro forma effect in accordance with Section 1.07 thereto (with the fair market value of each Investment being measured at the time made and without
giving effect to subsequent changes in value, but subject to adjustment as set forth in the definition of “Investment”); provided, however, that if any Investment pursuant to this clause (23) is made in any Person that
is an Unrestricted Subsidiary of the Borrower at the date of the making of such Investment and such Person becomes a Restricted Subsidiary after such date, such Investment will thereafter be deemed to have been made pursuant to clause (1) above
to the extent permitted thereunder and will cease to have been made pursuant to this clause (23) for so long as such Person continues to be a Restricted Subsidiary; 

(24) Investments in the ordinary course of business or consistent with industry practice consisting of Uniform Commercial Code
Article 3 endorsements for collection or deposit and Article 4 customary trade arrangements with customers; 
 (25)
any Investment by any Captive Insurance Subsidiary in connection with its provision of insurance to the Borrower or any of its Subsidiaries, which Investment is made in the ordinary course of business or consistent with industry practice of such
Captive Insurance Subsidiary, or by reason of applicable law, rule, regulation or order, or that is required or approved by any regulatory authority having jurisdiction over such Captive Insurance Subsidiary or its business, as applicable; 

(26) Investments made as part of, to effect or resulting from the Transactions; 

(27) Investments of assets relating to non-qualified deferred payment plans in the
ordinary course of business or consistent with industry practice; 
 (28) intercompany current liabilities owed to
Unrestricted Subsidiaries or joint ventures incurred in the ordinary course of business or consistent with industry practice in connection with the cash management operations of the Borrower and its Subsidiaries; 

(29) acquisitions of obligations of one or more directors, officers or other employees or consultants or independent
contractors of any Parent Company, the Borrower, or any Subsidiary of the Borrower in connection with such director’s, officer’s, employee’s consultant’s or independent contractor’s acquisition of Equity Interests of the
Borrower or any direct or indirect parent of the Borrower, to the extent no cash is actually advanced by the Borrower or any Restricted Subsidiary to such directors, officers, employees, consultants or independent contractors in connection with the
acquisition of any such obligations; 

  
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 (30) Investments constituting promissory notes or other non-cash proceeds of dispositions of assets to the extent permitted under Section 7.04; 

(31) Investments resulting from pledges and deposits permitted pursuant to the definition of “Permitted Liens”; 

(32) loans and advances to any direct or indirect parent of the Borrower in lieu of and not in excess of the amount of (after
giving effect to any other loans, advances or Restricted Payments in respect thereof) Restricted Payments to the extent permitted to be made in cash to such parent in accordance with Section 7.05 at such time, such Investment being treated for
purposes of the applicable clause of Section 7.05, including any limitations, as if a Restricted Payment were made pursuant to such applicable clause; 

(33) any other Investments if on a pro forma basis after giving effect to such Investment, the Total Net Leverage Ratio
would be equal to or less than 1.75 to 1.00; provided that no Event of Default under Section 8.01(1) or 8.01(6) (solely with respect to the Borrower) then exists or shall have occurred or be continuing after giving effect to such
Investment; 
 (34) Permitted Bond Hedge Transactions; 

(35) any Investment made by any Restricted Subsidiary that is not a Loan Party to the extent that such Investment (i) does
not constitute a sale, transfer or disposition of IP Rights of such Restricted Subsidiary, (ii) is made to Person that is not a Loan Party, a Subsidiary of a Loan Party or an Affiliate of a Loan Party and (iii) is financed with the
proceeds received by such Restricted Subsidiary from an Investment in such Restricted Subsidiary permitted under this Agreement; 

(36) Investments in joint ventures having an aggregate fair market value, taken together with all other Permitted Investments
made pursuant to this clause (36) that are at the time outstanding, not to exceed the greater of (x) $40.0 million and (y) 20.0% of Adjusted EBITDA of the Borrower and its Restricted Subsidiaries as of the most recently ended Test Period
calculated giving pro forma effect thereto (with the fair market value of each Investment being measured at the time made and without giving effect to subsequent changes in value, but subject to adjustment as set forth in the definition of
“Investment”); provided, however, that if any Investment pursuant to this clause (36) is made in any Person that is not a Restricted Subsidiary of the Borrower at the date of the making of such Investment and such Person
becomes a Restricted Subsidiary after such date, such Investment will thereafter be deemed to have been made pursuant to clause (1) above to the extent permitted thereunder and will cease to have been made pursuant to this clause (36) for
so long as such Person continues to be a Restricted Subsidiary; 

  
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 (37) any Investment made by any Restricted Subsidiary that is not a Loan
Party in a Person that is not a Loan Party, and will not become a Loan Party upon the making of such Investment, to the extent such Investments are funded with amounts attributable to the cash flow of the Restricted Subsidiary that is not a Loan
Party; and 
 (38) Investments in connection with any Permitted Reorganization Transaction or IPO Reorganization Transaction.

 For purposes of determining compliance with this definition, (A) an Investment need not be incurred solely by reference to one
category of Permitted Investments described in this definition, but is permitted to be incurred in part under any combination thereof and of any other available exemption, (B) in the event that an Investment (or any portion thereof) meets the
criteria of one or more of the categories of Permitted Investments, the Borrower may, in its sole discretion, classify or reclassify such Investment (or any portion thereof) in any manner that complies with this definition and Section 7.05 and
(C) in the event an Investment (or any portion thereof) is made pursuant to a Fixed Amount under this definition, such Investment will cease to be made for the purposes of such Fixed Amount but will be deemed made as an Incurrence Based Amount
from and after the first date on which the Borrower or such Restricted Subsidiaries could have made such Investment as an Incurrence Based Amount (it being understood and agreed that such reclassification shall be automatic if at the end of any
fiscal quarter such reclassification would then be permitted). 
 “Permitted Junior Priority Refinancing Debt” means any
Credit Agreement Refinancing Indebtedness that is secured on a junior lien basis to the Closing Date Term Loans. 
 “Permitted
Liens” means, with respect to any Person: 
 (1) Liens created pursuant to any Loan Document; 

(2) Liens, pledges or deposits made in connection with: 

(a) workers’ compensation laws, unemployment insurance, health, disability or employee benefits, other social security
laws or similar legislation or regulations, 
 (b) insurance-related obligations (including in respect of deductibles,
self-insured retention amounts and premiums and adjustments thereto) securing reimbursement or indemnification obligations of (including obligations in respect of letters of credit, bank guarantees or similar documents or instruments for the benefit
of) insurance carriers providing property, casualty or liability insurance or otherwise supporting the payment of items set forth in the foregoing clause (a) or 

(c) bids, tenders, contracts, statutory obligations, surety, indemnity, warranty, release, appeal or similar bonds, or with
regard to other regulatory requirements, completion guarantees, stay, customs and appeal bonds, performance bonds, bankers’ acceptance facilities, and other obligations of like nature (including those to secure health, safety and environmental
obligations) (other than for the payment of Indebtedness) or leases to which such Person is a party, or deposits to secure public or statutory obligations of such Person or deposits of cash or U.S. government bonds to secure surety or appeal
bonds to which such Person is a party, or deposits as security for the payment of rent, contested taxes or import duties and obligations in respect of letters of credit, bank guarantees or similar instruments that have been posted to support the
same, in each case incurred in the ordinary course of business or consistent with industry practice; 

  
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 (3) Liens imposed by law, such as landlords’, carriers’,
warehousemen’s, materialmen’s, repairmen’s, construction, mechanics’ or other similar Liens (a) for sums not yet overdue for a period of more than sixty (60) days or, if more than sixty (60) days overdue, are
unfiled and no other action has been taken to enforce such Liens or (b) being contested in good faith by appropriate actions or other Liens arising out of or securing judgments or awards against such Person with respect to which such Person
will then be proceeding with an appeal or other proceedings for review if such Liens are adequately bonded or adequate reserves with respect thereto are maintained on the books of such Person in accordance with GAAP; 

(4) Liens for taxes, assessments or other governmental charges not yet overdue for a period of more than thirty (30) days
or not yet payable or not subject to penalties for nonpayment or which are being contested in good faith by appropriate actions if adequate reserves with respect thereto are maintained on the books of such Person in accordance with GAAP; 

(5) Liens in favor of issuers of performance, surety, bid, indemnity, warranty, release, appeal or similar bonds, instruments
or obligations or with respect to regulatory requirements or letters of credit or bankers acceptance issued, and completion guarantees provided for, in each case, issued pursuant to the request of and for the account of such Person in the ordinary
course of its business or consistent with past practice or industry practice; 
 (6) survey exceptions disclosed on current
surveys (or those that would have been disclosed by current surveys if the same were not obtained), encumbrances, ground leases, easements, restrictions, protrusions, encroachments or reservations of, or rights of others for, licenses, rights-of-way, servitudes, sewers, electric lines, drains, telegraph, telephone and cable television lines and other similar purposes, or zoning, building codes or other
restrictions (including minor defects or irregularities in title and similar encumbrances) as to the use of real properties imposed by law or arising in the ordinary course of business or Liens incidental to the conduct of the business of such
Person or to the ownership of its properties that were not incurred in connection with Indebtedness and that do not in the aggregate materially impair their use in the operation of the business of such Person; 

(7) Liens securing obligations in respect of Indebtedness, Disqualified Stock or Preferred Stock permitted to be incurred
pursuant to clause (4), (13), (14) (other than clause (14)(b)(i)(B)), (23), (25) or (31) of Section 7.02(b); provided that: 

  
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 (a) Liens securing obligations relating to any Indebtedness, Disqualified
Stock or Preferred Stock permitted to be incurred pursuant to such clause (13) relate only to obligations relating to Refinancing Indebtedness that (x) is secured by Liens on the same assets as the assets securing the Refinanced Debt (as
defined in the definition of Refinancing Indebtedness), plus improvements, accessions, proceeds or dividends or distributions in respect thereof and after-acquired property, or (y) serves to refund, refinance, extend, replace, renew or
defease Indebtedness, Disqualified Stock or Preferred Stock incurred under such clause (4) or (13) of Section 7.02(b); 

(b) Liens securing obligations relating to Indebtedness or Disqualified Stock permitted to be incurred pursuant to such clause
(23) extend only to the assets of Subsidiaries that are not Guarantors; 
 (c) Liens securing obligations in respect of
Indebtedness, Disqualified Stock or Preferred Stock permitted to be incurred pursuant to such clause (4) extend only to the assets so purchased, replaced, leased or improved and proceeds and products thereof; provided further that
individual financings of assets provided by a counterparty may be cross-collateralized to other financings of assets provided by such counterparty; 

(d) if any such Liens are secured by the Collateral on a pari passu basis with, or junior basis to, the Liens that
secure the Closing Date Term Loans, they will be subject to an Applicable Intercreditor Agreement, as applicable; 
 (e)
[reserved]; 
 (f) In the case of Liens securing Indebtedness, Disqualified Stock or Preferred Stock incurred under clause
(14)(b) of Section 7.02(b) and to the extent secured on the Collateral and secured on a pari passu or junior basis with the Closing Date Term Loans, together with any Refinancing Indebtedness in respect thereof, the Debt Representative in
respect of such Indebtedness shall have entered into the Applicable Intercreditor Agreement; 
 (g) In the case Liens
securing Indebtedness incurred under clause (25) of Section 7.02(b), together with any Refinancing Indebtedness in respect thereof, the Debt Representative in respect of such Indebtedness shall have entered into the Applicable
Intercreditor Agreement, which shall provide that (i) the Liens on the ABL Priority Collateral (as such term is defined in the ABL Intercreditor Agreement) securing such Indebtedness may be pari passu or senior to the Liens on the ABL Priority
Collateral (as such term is defined in the ABL Intercreditor Agreement) securing the Closing Date Term Loans and (ii) the Liens on the Term Priority Collateral (as such term is defined in the ABL Intercreditor Agreement) securing such
Indebtedness shall be junior to the Liens on the Term Priority Collateral (as such term is defined in the ABL Intercreditor Agreement) securing the Closing Date Term Loans; and 

(h) Liens securing Permitted Ratio Debt incurred pursuant to clause (31) of Section 7.02(b); provided that to
the extent such Liens are secured on the Collateral, such Liens shall be secured on a pari passu or junior lien basis with the Closing Date Term Loans, together with any Refinancing Indebtedness in respect thereof, the Debt Representative in respect
of such Indebtedness shall have entered into the Applicable Intercreditor Agreement. 

  
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 (8) Liens existing, or provided for under binding contracts existing, on the
Closing Date (including Liens in effect on the Closing Date securing Indebtedness permitted under Section 7.02(b)(3)); 

(9) [reserved]; 

(10) Liens on property or other assets at the time the Borrower or a Restricted Subsidiary acquired the property or such other
assets, including any acquisition by means of a merger, amalgamation or consolidation with or into the Borrower or any Restricted Subsidiary; provided that such Liens are not created or incurred in connection with, or in contemplation of,
such acquisition, amalgamation, merger or consolidation; provided further that such Liens are limited to all or part of the same property or assets (plus improvements, accessions, proceeds or dividends or distributions in respect thereof and
after acquired-property) that secured the obligations to which such Liens relate; 
 (11) Liens securing obligations in
respect of Indebtedness or other obligations of a Restricted Subsidiary owing to the Borrower or another Restricted Subsidiary permitted to be incurred in accordance with Section 7.02; 

(12) Liens securing (x) Hedging Obligations and (y) obligations in respect of Cash Management Services; 

(13) Liens on specific items of inventory or other goods and proceeds of any Person securing such Person’s accounts
payable or similar obligations in respect of bankers’ acceptances or letters of credit issued or created for the account of such Person to facilitate the purchase, shipment or storage of such inventory or other goods; 

(14) leases, subleases, licenses or sublicenses (or other agreement under which the Borrower or any Restricted Subsidiary has
granted rights to end users to access and use the Borrower’s or any Restricted Subsidiary’s products, technologies or services) that do not materially interfere with the business of the Borrower and its Restricted Subsidiaries, taken as a
whole, and the customary rights reserved or vested in any Person by the terms of any lease, sublease, license, sublicense, grant or permit, or to require annual or periodic payments as a condition to the continuance thereof; 

(15) Liens arising from Uniform Commercial Code (or equivalent statutes) financing statement filings regarding operating
leases, consignments or accounts entered into by the Borrower and its Restricted Subsidiaries in the ordinary course of business or consistent with industry practice or purported Liens evidenced by the filing of precautionary Uniform Commercial Code
(or equivalent statutes) financing statements or similar public filings; 

  
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 (16) Liens in favor of the Borrower or any Guarantor; provided that
such Liens securing Indebtedness for borrowed money incurred by a Loan Party to the extent permitted hereunder is expressly subordinated to the Liens securing the Obligations; 

(17) Liens on equipment or vehicles of the Borrower or any Restricted Subsidiary granted in the ordinary course of business or
consistent with industry practice; 
 (18) Liens on accounts receivable, Securitization Assets and related assets incurred in
connection with a Qualified Securitization Facility; 
 (19) Liens to secure any modification, refinancing, refunding,
extension, renewal or replacement (or successive modification, refinancing, refunding, extensions, renewals or replacements) as a whole, or in part, of any Indebtedness, Disqualified Stock or Preferred Stock secured by any Lien referred to in
clauses (7), (8) or (10) of this definition; provided that: (a) such new Lien will be limited to all or part of the same property (plus improvements, accessions, proceeds or dividends or distributions in respect thereof and
after-acquired property) that secured the original Lien (plus improvements and accessions on such property) and proceeds and products thereof and (b) the Indebtedness, Disqualified Stock or Preferred Stock secured by such Lien at such time is
not increased to any amount greater than the sum of (i) the outstanding principal amount or, if greater, committed amount of the Indebtedness described under such clauses (7), (8) or (10) at the time the original Lien became a Permitted
Lien hereunder, plus (ii) an amount necessary to pay any fees and expenses (including original issue discount, upfront fees, defeasance costs, underwriting discounts or similar fees) and premiums (including tender premiums and accrued
and unpaid interest), related to such refinancing, refunding, extension, renewal or replacement; 
 (20) deposits made or
other security provided to secure liability to insurance brokers, carriers, underwriters or self-insurance arrangements, including Liens on insurance policies and the proceeds thereof securing the financing of the premiums with respect thereto; 

(21) other Liens securing obligations in an aggregate principal amount at any one time outstanding not to exceed the greater of
(a) $90.0 million and (b) 50.0% of Adjusted EBITDA of the Borrower and its Restricted Subsidiaries as of the most recently ended Test Period calculated giving pro forma effect thereto; provided, that if such Liens are secured by
the Collateral on a pari passu basis with, or junior basis to, the Liens that secure the Closing Date Term Loans, the Debt Representative in respect thereof shall have entered into the Applicable Intercreditor Agreement; 

(22) Liens in favor of customs and revenue authorities arising as a matter of law to secure payment of customs duties in
connection with the importation of goods; 
 (23) (a) the prior rights of consignees and their lenders under consignment
arrangements entered into in the ordinary course of business or consistent with industry practice, (b) Liens arising out of conditional sale, title retention or similar arrangements for the sale of goods in the ordinary course of business or
consistent with industry practice and (c) Liens arising by operation of law under Article 2 of the Uniform Commercial Code; 

  
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 (24) Liens securing judgments for the payment of money not constituting an
Event of Default under Section 8.01(7); 
 (25) Liens (a) of a collection bank arising under Section 4-208 or 4-210 of the Uniform Commercial Code on items in the course of collection, (b) attaching to commodity trading accounts or other brokerage accounts
incurred in the ordinary course of business or consistent with industry practice and (c) in favor of banking or other institutions or other electronic payment service providers arising as a matter of law or under general terms and conditions
encumbering deposits or margin deposits or other funds maintained with such institution (including the right of setoff) and that are within the general parameters customary in the banking industry; 

(26) Liens deemed to exist in connection with Investments in repurchase agreements permitted under this Agreement; provided
that such Liens do not extend to assets other than those that are subject to such repurchase agreements; 
 (27) Liens
that are contractual rights of setoff (a) relating to the establishment of depository relations with banks or other deposit-taking financial institutions or other electronic payment service providers and not given in connection with the
issuance of Indebtedness, (b) relating to pooled deposit or sweep accounts to permit satisfaction of overdraft or similar obligations incurred in the ordinary course of business or consistent with industry practice of the Borrower or any
Restricted Subsidiary or (c) relating to purchase orders and other agreements entered into with customers of the Borrower or any Restricted Subsidiary in the ordinary course of business or consistent with industry practice; 

(28) Liens on cash proceeds (as defined in Article 9 of the Uniform Commercial Code) of assets sold that were subject to a
Lien permitted hereunder; 
 (29) any encumbrance or restriction (including put, call arrangements, tag, drag, right of first
refusal and similar rights) with respect to capital stock of any joint venture or similar arrangement pursuant to any joint venture or similar agreement; 

(30) Liens (a) on cash advances or cash earnest money deposits in favor of the seller of any property to be acquired in an
Investment permitted under this Agreement to be applied against the purchase price for such Investment and (b) consisting of a letter of intent or an agreement to sell, transfer, lease or otherwise dispose of any property in a transaction
permitted under Section 7.04 in each case, solely to the extent such Investment or sale, disposition, transfer or lease, as the case may be, would have been permitted on the date of the creation of such Lien; 

(31) ground leases, leases, subleases, licenses or sublicenses in respect of real property on which facilities owned or leased
by the Borrower or any of its Subsidiaries are located; 

  
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 (32) Liens in connection with any Sale-Leaseback Transaction(s); 

(33) Liens on Capital Stock or other securities of an Unrestricted Subsidiary; 

(34) any interest or title of a lessor, sublessor, licensor or sublicensor or secured by a lessor’s, sublessor’s,
licensor’s or sublicensor’s interest under leases or licenses entered into by the Borrower or any of the Restricted Subsidiaries in the ordinary course of business or consistent with industry practice; 

(35) deposits of cash with the owner or lessor of premises leased and operated by the Borrower or any of its Subsidiaries in
the ordinary course of business or consistent with industry practice of the Borrower and such Subsidiary to secure the performance of the Borrower’s or such Subsidiary’s obligations under the terms of the lease for such premises; 

(36) rights of set-off, banker’s liens, netting arrangements and other Liens
arising by operation of law or by the terms of documents of banks or other financial institutions in relation to the maintenance of administration of deposit accounts, securities accounts, cash management arrangements or in connection with the
issuance of letters of credit, bank guarantees or other similar instruments; 
 (37) Liens on cash and Permitted Investments
used to satisfy or discharge Indebtedness; provided that such satisfaction or discharge is permitted under this Agreement; 

(38) receipt of progress payments and advances from customers in the ordinary course of business or consistent with industry
practice to the extent the same creates a Lien on the related inventory and proceeds thereof; 
 (39) [reserved]; 

(40) agreements to subordinate any interest of the Borrower or any Restricted Subsidiary in any accounts receivable or other
proceeds arising from inventory consigned by the Borrower or any Restricted Subsidiary pursuant to an agreement entered into in the ordinary course of business or consistent with industry practice; 

(41) Liens arising pursuant to Section 107(l) of the Comprehensive Environmental Response, Compensation and Liability Act
or similar provision of any Environmental Law; 
 (42) Liens disclosed by the title insurance policies delivered on or prior
to the Closing Date and any replacement, extension or renewal of any such Lien (to the extent the Indebtedness and other obligations secured by such replacement, extension or renewal Liens are permitted by this Agreement); provided that such
replacement, extension or renewal Liens do not cover any property other than the property that was subject to such Liens prior to such replacement, extension or renewal; 

  
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 (43) rights reserved or vested in any Person by the terms of any lease,
license, franchise, grant or permit held by the Borrower or any of its Restricted Subsidiaries or by a statutory provision, to terminate any such lease, license, franchise, grant or permit, or to require annual or periodic payments as a condition to
the continuance thereof; 
 (44) restrictive covenants affecting the use to which real property may be put; provided
that the covenants are complied with in all material respects; 
 (45) security given to a public utility or any
municipality or governmental authority when required by such utility or authority in connection with the operations of that Person in the ordinary course of business or consistent with industry practice; 

(46) zoning by-laws and other land use restrictions, including site plan agreements,
development agreements and contract zoning agreements; 
 (47) Liens on all or any portion of the Collateral (but no other
assets) securing (i) Permitted Incremental Equivalent Debt, (ii) Permitted Equal Priority Refinancing Debt, (iii) Permitted Junior Priority Refinancing Debtor (iv) Permitted Debt Exchange Notes, and, in each case, Liens securing
any Refinancing Indebtedness in respect thereof; provided that the extent secured on the Collateral and secured on a pari passu or junior basis with the Closing Date Term Loans, together with any Refinancing Indebtedness in respect thereof,
the Debt Representative in respect of such Indebtedness shall have entered into the Applicable Intercreditor Agreement; 

(48) Liens securing obligations relating to any Indebtedness permitted to be incurred pursuant to clause (29) of
Section 7.02(b); provided, that such Indebtedness is not secured by assets constituting Collateral; 
 (49) with
respect to any Foreign Subsidiary, other Liens and privileges arising mandatorily by any Requirements of Law in the ordinary course of business; 

(50) [reserved]; 

(51) [reserved]; 

(52) Liens securing obligations pursuant to any Indebtedness permitted to be incurred pursuant to clause (34) of
Section 7.02(b); provided, that if such Liens are secured by the Collateral on a pari passu basis with, or junior basis to, the Liens that secure the Closing Date Term Loans, the Debt Representative in respect thereof shall have
entered into the Applicable Intercreditor Agreement; 
 (53) Liens securing obligations pursuant to any Indebtedness
permitted to be incurred pursuant to clause (12)(a) of Section 7.02(b); provided that if such Liens are secured by the Collateral on a pari passu basis with, or junior basis to, the Liens that secure the Closing Date Term Loans,
the Debt Representative in respect thereof shall have entered into the Applicable Intercreditor Agreement; and 

  
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 (54) Liens securing obligations pursuant to any Indebtedness permitted to be
incurred pursuant to clause (33) of Section 7.02(b); provided that if such Liens are secured by the Collateral on a junior basis to the Liens that secure the Closing Date Term Loans, the Debt Representative in respect thereof shall
have entered into the Applicable Intercreditor Agreement. 
 For purposes of determining compliance with this definition, (A) a Lien
need not be incurred solely by reference to one category of Permitted Liens described in this definition, but is permitted to be incurred in part under any combination thereof and of any other available exemption and (B) in the event that a
Lien (or any portion thereof) meets the criteria of one or more of the categories of Permitted Liens, the Borrower will, in its sole discretion, be entitled to divide, classify or reclassify, in whole or in part, any such Lien (or any portion
thereof) among one or more such categories or clauses in any manner that complies with this definition. 
 If any Liens securing obligations
are incurred to refinance liens securing obligations initially incurred in reliance on a Basket measured by reference to a percentage of Adjusted EBITDA, and such refinancing would cause the percentage of Adjusted EBITDA to be exceeded if calculated
based on the Adjusted EBITDA on the date of such refinancing, such percentage of Adjusted EBITDA will not be deemed to be exceeded to the extent the principal amount of such obligations secured by such newly incurred Lien does not exceed the
principal amount of such obligations secured by such Liens being refinanced, plus the related costs incurred or payable in connection with such refinancing and if any Liens securing obligations are incurred to refinance liens securing obligations
initially incurred in reliance on a Basket measured by a fixed dollar amount, such fixed dollar Basket will not be deemed to be exceeded to the extent the principal amount of such obligations secured by such newly incurred Lien does not exceed the
principal amount of such obligations secured by such Liens being refinanced, plus the related costs incurred or payable in connection with such refinancing. 

For purposes of this definition, the term “Indebtedness” will be deemed to include interest on such Indebtedness. 

“Permitted Parent” means any direct or indirect parent of the Borrower that at the time it became a parent of the Borrower
was a Permitted Holder pursuant to clause (1) of the definition thereof. 
 “Permitted Ratio Debt” means Indebtedness
or Disqualified Stock of the Borrower or Indebtedness, Disqualified Stock or Preferred Stock of any Restricted Subsidiary; provided that: 

(a) such Indebtedness (other than a Qualifying Bridge Facility) does not mature prior the Latest Maturity Date of the Closing
Date Term Loans at the time such Indebtedness is incurred, and such Indebtedness (other than a Qualifying Bridge Facility) does not have a shorter Weighted Average Life to Maturity than the Closing Date Term Loans then outstanding, 

(b) for period commencing on the Closing Date through the eighteen (18) month anniversary thereof, such Indebtedness shall
be subject to the MFN Protection Provisions to the extent such Indebtedness is in the form of Qualifying Term Loans, 

  
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 (c) [reserved], 

(d) the amount of such Indebtedness of the Borrower or Indebtedness or Preferred Stock of any Restricted Subsidiary shall not
exceed, in the aggregate, the sum of (x) [reserved], plus (y) additional amounts, so long as, (I) in the case of Preferred Stock of any Restricted Subsidiary or Indebtedness of the Borrower or any Restricted Subsidiary that is unsecured or
secured by assets not constituting Collateral, then the Total Net Leverage Ratio does not exceed 3.50 to 1.00, (II) in the case of Indebtedness of the Borrower or any Restricted Subsidiary or Preferred Stock of any Restricted Subsidiary secured by a
Lien on the Collateral that is junior to the Liens securing the Obligations, the Senior Secured Leverage Ratio does not exceed 3.00 to 1.00 or (III) in the case of Indebtedness secured by a Lien on the Collateral that is pari passu to the Liens
securing the Closing Date Term Loans, the First Lien Net Leverage Ratio does not exceed 2.00 to 1.00, and in the case of each of the foregoing clauses (I), (II) and (III), determined as of the most recently ended Test Period and on a pro
forma basis in accordance with Section 1.07 and including a pro forma application of the net proceeds therefrom; provided the aggregate amount of such Indebtedness and Incremental Equivalent Ratio Amount Indebtedness incurred
pursuant to clause (d)(y), collectively, by Restricted Subsidiaries that are not Loan Parties shall not exceed the greater of (a) $60.0 million and (b) 35.0% of Adjusted EBITDA of the Borrower and its Restricted Subsidiaries as of the most
recently ended Test Period calculated after giving pro forma effect thereto, and 
 (e) such Indebtedness may be
secured to the extent such Liens constitute Permitted Liens in accordance with the definition thereof. 
 To the extent the Borrower or any
Restricted Subsidiary issues any Disqualified Stock or any Restricted Subsidiary issues any Preferred Stock as Permitted Ratio Debt, solely for the purpose of calculating the First Lien Net Leverage Ratio, Senior Secured Leverage Ratio and Total Net
Leverage Ratio under clause (d) above, the Consolidated Total Debt shall also include all such Disqualified Stock and Preferred Stock issued pursuant to this definition and under Section 7.02(14)(b)(ii)(I) and then outstanding. 

“Permitted Reorganization Transaction” means any re-organization or other similar
activities among the Borrower and the Restricted Subsidiaries related to Tax planning and re-organization, so long as, after giving effect thereto, (a) the Loan Parties are in compliance with the
Collateral and Guarantee Requirement and Section 6.11, (b) taken as a whole, the value of the Collateral securing the Obligations and the Guarantees by the Guarantors of the Obligations are not materially reduced and (c) the Liens in favor
of the Administrative Agent for the benefit of the Secured Parties under the Security Documents are not materially impaired. 

“Permitted Warrant Transaction” means any call option, warrant or right to purchase (or substantively equivalent derivative
transaction) on the Borrower’s or a Parent Company’s common stock sold by the Borrower or a Parent Company substantially concurrently with any purchase by the Borrower of a related Permitted Bond Hedge Transaction. 

  
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 “Person” means any individual, corporation, exempted company, limited
liability company, partnership, exempted limited partnership, joint venture, association, joint stock company, trust, unincorporated organization, government or any agency or political subdivision thereof or any other entity. 

“Plan” means any material “employee benefit plan” (as such term is defined in Section 3(3) of ERISA), other
than a Foreign Plan, established or maintained by any Loan Party or, with respect to any such plan that is subject to Section 412 of the Code or Title IV of ERISA, any of their respective ERISA Affiliates. 

“Planned Expenditures” has the meaning specified in the definition of Excess Cash Flow. 

“Platform” has the meaning specified in Section 6.02. 

“Pledged Collateral” has the meaning specified in the Security Agreement. 

“Position Representation” has the meaning specified in Section 8.04(2). 

“Preferred Stock” means any Equity Interest with preferential rights of payment of dividends or upon liquidation, dissolution
or winding up. 
 “Prime Rate” means the prime commercial rate of interest per annum last quoted by The Wall Street
Journal (or another national publication selected by the Administrative Agent) as its “prime rate”. 

“Private-Side Information” means any information with respect to Holdings and its Subsidiaries that is not Public-Side
Information. 
 “Pro Forma Financial Statements” has the meaning specified in Section 5.05(1)(b). 

“Pro Rata Share” means (i) with respect to all payments, computations and other matters relating to the Term Loan of a
given Class of any Lender at any time a fraction (expressed as a percentage, carried out to the ninth decimal place), the numerator of which is the amount of the Term Loan Exposure of such Class of such Lender at such time and the
denominator of which is the aggregate Term Loan Exposure of such Class of all Lenders at such time; (ii) with respect to all payments, computations and other matters relating to the Incremental Term Loans of any Lender at any time a
fraction (expressed as a percentage, carried out to the ninth decimal place), the numerator of which is the amount of the Incremental Term Loan Exposure of such Lender at such time and the denominator of which is the aggregate Incremental Term Loan
Exposure of all Lenders at such time. 
 “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. 

  
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 “Public Company Costs” means charges associated with, or in anticipation
of, or preparation for, (i) establishing compliance with the Sarbanes-Oxley Act of 2002, as amended and the rules and regulations promulgated in connection therewith and charges relating to compliance with the provisions of the Securities Act
and the Exchange Act, in each case as applicable to companies with equity or debt securities held by the public, (ii) the rules of national securities exchange companies with listed equity or debt securities, (iii) employees’,
consultants’, directors’ or managers’ compensation, fees and expense reimbursement, (iv) relating to investor relations, shareholder meetings and reports to shareholders or debtholders, (v) directors’ and officers’
insurance and other executive costs, (vi) legal and other professional fees and listing fees, and (vii) other expenses arising out of or incidental to any of the foregoing. 

“Public Lender” means Lenders that do not wish to receive Private-Side Information. 

“Public-Side Information” means (i) at any time prior to Holdings or any of its Subsidiaries becoming the issuer
of any Traded Securities, information that is (a) of a type that would be required by applicable Law to be publicly disclosed in connection with an issuance by Holdings or any of its Subsidiaries of its debt or equity securities pursuant to a
registered public offering made at such time or (b) not material to make an investment decision with respect to securities of Holdings or any of its Subsidiaries (for purposes of United States federal, state or other applicable securities
laws), and (ii) at any time on or after Holdings or any of its Subsidiaries becoming the issuer of any Traded Securities, information that does not constitute material non-public information (within the
meaning of United States federal, state or other applicable securities laws) with respect to Holdings or any of its Subsidiaries or any of their respective securities. 

“Published LIBOR” has the meaning specified in the definition of “Eurodollar Rate.” 

“Purchase Money Obligations” means any Indebtedness incurred to finance or refinance the acquisition, leasing, construction
or improvement or property (real or personal) or assets (other than Capital Stock), and whether acquired through the direct acquisition of such property or assets, or otherwise. 

“QFC” has the meaning assigned to the term “qualified financial contract” in, and shall be interpreted in
accordance with, 12 U.S.C. 5390(c)(8)(D). 
 “QFC Credit Support” has the meaning specified in Section 10.28.

 “Qualified ECP Guarantor” means, in respect of any Swap Obligation, each Loan Party that has total assets exceeding
$10.0 million at the time the relevant Guaranty or grant of the relevant security interest becomes effective with respect to such Swap Obligation or such other Person as constitutes an “eligible contract participant” under the
Commodity Exchange Act or any regulations promulgated thereunder and can cause another Person to qualify as an “eligible contract participant” at such time by entering into a keepwell under Section 1a(18)(A)(v)(II) of the Commodity
Exchange Act. 
 “Qualified Equity Interests” means any Equity Interests that are not Disqualified Stock. 

“Qualified Holding Company Debt” means unsecured Indebtedness of Holdings that: 

  
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 (1) is not subject to any Guarantee by any Subsidiary of Holdings (including
the Borrower), 
 (2) will not mature prior to the date that is six (6) months after the Latest Maturity Date in effect
on the date of issuance or incurrence thereof, 
 (3) has no scheduled amortization or scheduled payments of principal and is
not subject to mandatory redemption, repurchase, prepayment or sinking fund obligation (it being understood that such Indebtedness may have mandatory prepayment, repurchase or redemption provisions satisfying the requirements of clause
(5) below), 
 (4) does not require any payments in cash of interest or other amounts in respect of the principal
thereof prior to the later to occur of (i) the date that is four (4) years from the date of the issuance or incurrence thereof and (ii) the date that is 180 days after the Latest Maturity Date in effect on the date of such issuance or
incurrence, and 
 (5) has mandatory prepayment, repurchase or redemption, covenant, default and remedy provisions customary
for senior discount notes of an issuer that is the parent of a borrower under senior secured credit facilities, and in any event, with respect to covenant, default and remedy provisions, no more restrictive (taken as a whole) than those set forth in
this Agreement (other than provisions customary for senior discount notes of a holding company); 
 provided that any such Indebtedness shall
constitute Qualified Holding Company Debt only if immediately after giving effect to the issuance or incurrence thereof and the use of proceeds thereof, no Event of Default shall have occurred and be continuing. 

“Qualified Proceeds” means the fair market value of assets that are used or useful in, or Capital Stock of any Person engaged
in, a Similar Business. 
 “Qualified Securitization Facility” means any Securitization Facility (1) constituting a
securitization financing facility that meets the following conditions: (a) the Board of Directors will have determined in good faith that such Securitization Facility (including financing terms, covenants, termination events and other
provisions) is in the aggregate economically fair and reasonable to the Borrower and the applicable Restricted Subsidiary or Securitization Subsidiary and (b) all sales or contributions of Securitization Assets and related assets to the
applicable Person or Securitization Subsidiary are made at fair market value (as determined in good faith by the Borrower) or (2) constituting a receivables financing facility. 

“Qualifying Bridge Facility” means customary bridge loans which, subject to customary conditions (including no payment or
bankruptcy event of default), would either automatically be converted into or required to be exchanged for permanent financing that does not mature earlier than the Latest Maturity Date for the Closing Date Term Loans. 

“Qualifying IPO” means (a) the initial underwritten public offering (other than a public offering pursuant to a
registration statement on Form S-8) of Equity Interests in the IPO Entity, (b) any transaction or series of transactions that results in any common Equity Interests of the IPO Entity being publicly traded
on any United States national securities exchange or over the counter market, or any analogous exchange or market in Canada, the United Kingdom or any member country of the European Union or (c) the acquisition, purchase, merger or combination
of the IPO Entity, by, or with, a publicly traded special acquisition company. 

  
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 “Qualifying Lender” has the meaning specified in
Section 2.05(1)(e)(D)(3). 
 “Qualifying Term Loans” has the meaning specified in Section 2.14(8). 

“Rating Agencies” means Moody’s and S&P, or if Moody’s or S&P (or both) are not making ratings on the
relevant obligations publicly available, a nationally recognized statistical rating agency or agencies, as the case may be, selected by the Borrower that will be substituted for Moody’s or S&P (or both), as the case may be. 

“Ratio Amount” has the meaning specified in the definition of “Permitted Incremental Amount”. 

“Refinance” has the meaning assigned in the definition of “Refinancing Indebtedness” and
“Refinancing” and “Refinanced” have meanings correlative to the foregoing. 
 “Refinanced
Debt” has the meaning assigned to such term in the definition of “Refinancing Indebtedness.” 
 “Refinancing
Amendment” means an amendment to this Agreement in form and substance reasonably satisfactory to the Administrative Agent and the Borrower executed by each of (a) the Borrower and (b) each Additional Lender and Lender that agrees
to provide any portion of the Refinancing Loans or Refinancing Commitments being incurred or provided pursuant thereto, in accordance with Section 2.15. 

“Refinancing Commitments” means any Refinancing Term Commitments. 

“Refinancing Indebtedness” means (x) Indebtedness incurred by the Borrower or any Restricted Subsidiary,
(y) Disqualified Stock issued by the Borrower or any Restricted Subsidiary or (z) Preferred Stock issued by any Restricted Subsidiary which, in each case, serves to extend, replace, refund, refinance, renew or defease
(“Refinance”) any Indebtedness, Disqualified Stock or Preferred Stock, including any Refinancing Indebtedness, so long as: 

(1) (a) the principal amount (or accreted value, if applicable) of such new Indebtedness, the amount of such new Preferred
Stock or the liquidation preference of such new Disqualified Stock does not exceed the principal amount (or accreted value, if applicable) of the Indebtedness, the amount of Preferred Stock or the liquidation preference of Disqualified Stock, as
applicable, being refinanced except to the extent permitted under Section 1.02(10), plus (b) any accrued and unpaid interest on, the Indebtedness, the amount of any accrued and unpaid dividends on, the Preferred Stock or the
liquidation preference of the Disqualified Stock, plus any accrued and unpaid dividends on, the Disqualified Stock being so extended, replaced, refunded, refinanced, renewed or defeased (such Indebtedness, Disqualified Stock or Preferred
Stock, the “Refinanced Debt”), plus (c) the amount of any tender premium or penalty or premium required to be paid under the terms of the instrument or documents governing such Refinanced Debt and any defeasance costs
and any fees and expenses (including original issue discount, upfront fees or similar fees) incurred in connection with the issuance of such new Indebtedness, Preferred Stock or Disqualified Stock or to Refinance such Refinanced Debt (such amounts
in clause (b) and (c) the “Incremental Amounts”); 

  
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 (2) such Refinancing Indebtedness has a: 

(a) Weighted Average Life to Maturity at the time such Refinancing Indebtedness is incurred that is not less than the remaining
Weighted Average Life to Maturity of the applicable Refinanced Debt; and 
 (b) final scheduled maturity date equal to or
later than the final scheduled maturity date of the Refinanced Debt; 
 (3) to the extent such Refinancing Indebtedness
Refinances (a) Subordinated Indebtedness, such Refinancing Indebtedness is subordinated in right of payment to the Loans or the Guaranty thereof at least to the same extent as the applicable Refinanced Debt, (b) Junior Lien Debt, such
Refinancing Indebtedness is (i) unsecured or (ii) secured by Liens that are subordinated to the Liens that secure the Loans or the Guaranty thereof, in each case at least to the same extent as the applicable Refinanced Debt or pursuant to
the Applicable Intercreditor Agreement or (c) Disqualified Stock or Preferred Stock, such Refinancing Indebtedness must be Disqualified Stock or Preferred Stock, respectively; 

(4) such Refinancing Indebtedness shall not be guaranteed or borrowed by any Person other than a Person that is so obligated in
respect of the Refinanced Debt being Refinanced; and 
 (5) such Refinancing Indebtedness shall not be secured by any assets
or property of Holdings, the Borrower or any Restricted Subsidiary that does not secure the Refinanced Debt being Refinanced (plus improvements, accessions, proceeds or dividends or distributions in respect thereof and after-acquired
property); provided that Refinancing Indebtedness will not include: 
 (a) Indebtedness, Disqualified Stock or
Preferred Stock of a Subsidiary of the Borrower that is not a Guarantor that refinances Indebtedness or Disqualified Stock of the Borrower; 

(b) Indebtedness, Disqualified Stock or Preferred Stock of a Subsidiary of the Borrower that is not a Guarantor that refinances
Indebtedness, Disqualified Stock or Preferred Stock of a Guarantor; or 
 (c) Indebtedness or Disqualified Stock of the
Borrower or Indebtedness, Disqualified Stock or Preferred Stock of a Restricted Subsidiary that refinances Indebtedness, Disqualified Stock or Preferred Stock of an Unrestricted Subsidiary; 

provided further that (x) clause (2) of this definition will not apply to any Refinancing Indebtedness other than Indebtedness, Disqualified Stock
and Preferred Stock incurred under clauses (2), (14), (25), (29), (30) and (31) of Section 7.02(b) (including any successive Refinancings thereof incurred under clause (13) of Section 7.02(b)) and any Subordinated Indebtedness
(other than Subordinated Indebtedness assumed or acquired in an Investment or acquisition and not created in contemplation thereof) and (y) Refinancing Indebtedness may be incurred in the form of a Qualifying Bridge Facility which does not
satisfy the requirements of clause (2) above. 

  
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 “Refinancing Loans” means any Refinancing Term Loans. 

“Refinancing Term Commitments” means one or more Classes of Term Loan commitments hereunder that result from a Refinancing
Amendment. 
 “Refinancing Term Loans” means one or more Classes of Term Loans that result from a Refinancing Amendment.

 “Refunding Capital Stock” has the meaning specified in Section 7.05(b)(2). 

“Register” has the meaning specified in Section 10.07(c). 

“Registered Equivalent Notes” means, with respect to any notes 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 SEC. 
 “Regulated Bank” means an Approved Commercial Bank that is (i) a
U.S. depository institution the deposits of which are insured by the Federal Deposit Insurance Corporation; (ii) a corporation organized under section 25A of the U.S. Federal Reserve Act of 1913; (iii) a branch, agency or
commercial lending company of a foreign bank operating pursuant to approval by and under the supervision of the Board of Governors of the Federal Reserve System under 12 CFR part 211; (iv) a
non-U.S. branch of a foreign bank managed and controlled by a U.S. branch referred to in clause (iii); or (v) any other U.S. or
non-U.S. depository institution or any branch, agency or similar office thereof supervised by a bank regulatory authority in any jurisdiction. 

“Rejection Notice” has the meaning specified in Section 2.05(2)(g). 

“Related Business Assets” means assets (other than Cash Equivalents) used or useful in a Similar Business; provided
that any assets received by the Borrower or a Restricted Subsidiary in exchange for assets transferred by the Borrower or a Restricted Subsidiary will not be deemed to be Related Business Assets if they consist of securities of a Person, unless
upon receipt of the securities of such Person, such Person is or would become a Restricted Subsidiary. 
 “Related Indemnified
Person” of an Indemnitee means (1) the respective directors, officers or employees of such Indemnitee and (2) the respective agents of such Indemnitee, in the case of this clause (2), acting at the instructions of such Indemnitee.

 “Related Person” means, with respect to any Person, (a) any Affiliate of such Person and (b) the respective
directors, partners, officers, employees, agents and other representatives of such Person or any of its Affiliates. 

  
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 “Release” means any release, spill, emission, discharge, disposal, leaking,
pumping, pouring, dumping, emptying, injection or leaching into the Environment. 
 “Relevant Governmental Body” means the
Board of Governors of the Federal Reserve System or the Federal Reserve Bank of New York, or a committee officially endorsed or convened by the Board of Governors of the Federal Reserve System or the Federal Reserve Bank of New York, or any
successor thereto. 
 “Replaced Loans” has the meaning specified in Section 2.20. 

“Replacement Loans” has the meaning specified in Section 2.20. 

“Reportable Event” means, with respect to any Pension Plan, any of the events set forth in Section 4043(c) of ERISA or
the regulations issued thereunder, other than events for which the thirty (30) day notice period to the PBGC has been waived. 

“Repricing Transaction” means (1) the incurrence by the Borrower of any financing (including any new or additional Term
Loans under this Agreement, whether incurred directly or by way of the conversion of the Closing Date Term Loans into a new tranche of replacement Term Loans under this Agreement) (a) having an All-In
Yield that is less than the All-In Yield applicable to the Closing Date Term Loans and (b) the proceeds of which are used to prepay (or, in the case of a conversion, deemed to prepay or replace), in whole
or in part, the outstanding principal of the Closing Date Term Loans or (2) any effective reduction in the All-In Yield applicable to the Closing Date Term Loans (e.g., by way of amendment, waiver or
otherwise). 
 “Required Facility Lenders” means, as of any date of determination, with respect to one or more Facilities,
Lenders having more than 50% of the sum of the (a) aggregate principal amount of outstanding Loans under such Facility or Facilities and (b) aggregate unused Commitments under such Facility or Facilities; provided that (i) to
the same extent specified in Section 10.07(i) with respect to determination of Required Lenders, the Loans of any Affiliated Lender shall in each case be excluded for purposes of making a determination of Required Facility Lenders unless the
action in question affects such Affiliated Lender in a disproportionately adverse manner than its effect on the other Lenders and (ii) the portion of outstanding Loans and the unused Commitments of any such Facility, as applicable, held or
deemed held by a Defaulting Lender shall be excluded for purposes of making a determination of Required Facility Lenders. 

“Required Lenders” means, as of any date of determination, Lenders having more than 50% of the aggregate Term Loan Exposure;
provided that (i) the aggregate Term Loan Exposure of or held by any Defaulting Lender shall be excluded for purposes of making a determination of the “Required Lenders” and (ii) any determination of Required Lenders shall
be subject to the limitations set forth in Section 10.07(h) with respect to Affiliated Lenders. 
 “Requirements of
Law” means, with respect to any Person, any statutes, laws, treaties, rules, regulations, statutory instruments, orders, decrees, writs, injunctions or determinations of any arbitrator or court or other Governmental Authority, in each
case applicable to or binding upon such Person or any of its property or to which such Person or any of its property is subject. 

“Rescindable Amount” has the meaning as defined in Section 2.12(3)(g) 

  
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 “Resolution Authority” means an EEA Resolution Authority or, with respect
to any UK Financial Institution, a UK Resolution Authority. 
 “Resignation Effective Date” has the meaning specified in
Section 9.11. 
 “Responsible Officer” means, with respect to a Person, a director, the general partner, the chief
executive officer, chief operating officer, president, vice president, chief financial officer, treasurer or assistant treasurer or other similar officer or Person performing similar functions, of such Person. With respect to any document delivered
by a Loan Party on the Closing Date, Responsible Officer includes any secretary or assistant secretary of such Loan Party. Solely for purposes of notices given to Article II, any other officer or employee of the applicable Loan Party so
designated as a Responsible Officer by any of the foregoing officers in a notice to the Administrative Agent or any other officer or employee of the applicable Loan Party designated in or pursuant to an agreement between the applicable Loan Party
and the Administrative Agent. Any document delivered hereunder that is signed by a Responsible Officer of a Loan Party shall be conclusively presumed to have been authorized by all necessary corporate, partnership or other action on the part of such
Loan Party and such Responsible Officer shall be conclusively presumed to have acted on behalf of such Loan Party. Unless otherwise specified, all references herein to a “Responsible Officer” shall refer to a Responsible Officer of the
Borrower or the Borrower, as the context may require. 
 “Restricted Investment” means any Investment other than any
Permitted Investment(s). 
 “Restricted Payment” has the meaning specified in Section 7.05. 

“Restricted Subsidiary” means, at any time, any direct or indirect Subsidiary of the Borrower (including any Foreign
Subsidiary) that is not then an Unrestricted Subsidiary; provided that notwithstanding the foregoing, in no event will any Securitization Subsidiary be considered a Restricted Subsidiary; provided further that upon the occurrence of an
Unrestricted Subsidiary ceasing to be an Unrestricted Subsidiary, such Subsidiary will be included in the definition of “Restricted Subsidiary.” Wherever the term “Restricted Subsidiary” is used herein with respect to any
Subsidiary of a referenced Person that is not the Borrower, then it will be construed to mean a Person that would be a Restricted Subsidiary of the Borrower on a pro forma basis following consummation of one or a series of related
transactions involving such referenced Person and the Borrower (but which transactions may include a designation of a Subsidiary of such Person as an Unrestricted Subsidiary on a pro forma basis in accordance with this Agreement). 

“Retained Excess Cash Flow Amount” means, at any date of determination, an amount, no less than zero and determined on a
cumulative basis, that is equal to the aggregate cumulative sum of Excess Cash Flow that is not required to be applied to make an ECF Payment under Section 2.05(2) for each Excess Cash Flow Period ending after the Closing Date. 

“S&P” means Standard & Poor’s, a division of The McGraw-Hill Companies, Inc., and any successor to its
rating agency business. 
 “Sale-Leaseback Transaction” means any arrangement providing for the leasing by the Borrower or
any Restricted Subsidiary of any real or tangible personal property, which property has been or is to be sold or transferred by the Borrower or such Restricted Subsidiary to a Person other than the Borrower or any Restricted Subsidiary in
contemplation of such leasing. 

  
 97 

 “Same Day Funds” means disbursements and payments in immediately available
funds. 
 “Sanctioned Countries” has the meaning specified in Section 5.17. 

“Sanctioned Persons” has the meaning specified in Section 5.17. 

“Sanctions” has the meaning specified in Section 5.17. 

“Screened Affiliate” means any Affiliate of a Lender (i) that makes investment decisions independently from such Lender
and any other Affiliate of such Lender that is not a Screened Affiliate, (ii) that has in place customary information screens between it and such Lender and any other Affiliate of such Lender that is not a Screened Affiliate and such screens
prohibit the sharing of information with respect to the Borrower or its Subsidiaries, (iii) whose investment policies are not directed by such Lender or any other Affiliate of such Lender that is acting in concert with such Lender in connection
with its investment in the Obligations, and (iv) whose investment decisions are not influenced by the investment decisions of such Lender or any other Affiliate of such Lender that is acting in concert with such Lenders in connection with its
investment in the Obligations. 
 “SDN” has the meaning specified in Section 5.17. 

“SEC” means the U.S. Securities and Exchange Commission, or any Governmental Authority succeeding to any of its
principal functions. 
 “Secured Cash Management Agreement” means any Cash Management Agreement that is entered into by and
between Holdings, the Borrower or any Restricted Subsidiary and a Cash Management Bank; and designated in writing by the Cash Management Bank and the Borrower to the Administrative Agent as a “Secured Cash Management Agreement.” 

“Secured Hedge Agreement” means any Hedge Agreement with respect to Hedging Obligations permitted under Section 7.02
that is entered into by and between any Loan Party or Restricted Subsidiary and (i) any Hedge Bank or (ii) any counterparty that is a party to a Hedge Agreement with a Loan Party and at the Borrower’s request, delivers to the
Administrative Agent a written notice (1) appointing the Administrative as its agent under the applicable Loan Documents and (2) agreeing to be bound by Article IX and Sections 10.04, 10.05, 10.16 and 10.17 as if such Person were
a Lender; provided that any designation pursuant to this clause (ii) shall not create in favor of such Person (x) any rights in connection with management or release of Collateral or the obligations of any Loan Party under the Loan
Documents or (y) any voting or approval rights under the Loan Documents. 
 “Secured Parties” means, collectively, the
Administrative Agent, the Collateral Agent, the Lenders, each counterparty to a Secured Hedge Agreement, each Cash Management Bank party to a Secured Cash Management Agreement, each Supplemental Administrative Agent and each co-agent or sub-agent appointed by the Administrative Agent from time to time pursuant to Section 9.01(2) or 9.07. 

  
 98 

 “Securities Act” means the Securities Act of 1933, as amended, and the
rules and regulations of the SEC promulgated thereunder. 
 “Securitization Assets” means (a) the accounts receivable,
royalty or other revenue streams and other rights to payment and other assets related thereto subject to a Qualified Securitization Facility and the proceeds thereof and (b) contract rights, lockbox accounts and records with respect to such
accounts receivable and any other assets customarily transferred together with accounts receivable in a securitization financing. 

“Securitization Facility” means any transaction or series of securitization financings that may be entered into by the
Borrower or any Restricted Subsidiary pursuant to which the Borrower or any such Restricted Subsidiary may sell, convey or otherwise transfer, or may grant a security interest in, Securitization Assets to either (a) a Person that is not the
Borrower or a Restricted Subsidiary or (b) a Securitization Subsidiary that in turn sells such Securitization Assets to a Person that is not the Borrower or a Restricted Subsidiary, or may grant a security interest in, any Securitization Assets
of the Borrower or any of its Subsidiaries. 
 “Securitization Fees” means distributions or payments made directly or by
means of discounts with respect to any participation interest issued or sold or amounts borrowed in connection with, and other fees and expenses (including reasonable fees and expenses of legal counsel) paid to a Person that is not a Securitization
Subsidiary in connection with, any Qualified Securitization Facility. 
 “Securitization Repurchase/Indemnity Obligation”
means any obligation of a seller or servicer of Securitization Assets in a Qualified Securitization Facility to repurchase, indemnify or otherwise make payment with respect to Securitization Assets arising as a result of a breach of representation,
warranty or covenant or otherwise, including as a result of a receivable or portion thereof becoming subject to any asserted defense, dispute, off set or counterclaim of any kind as a result of any action taken by, any failure to take action by or
any other event relating to the seller. 
 “Securitization Subsidiary” means any Subsidiary formed for the purpose of, and
that solely engages only in one or more Qualified Securitization Facilities and other activities reasonably related thereto. 

“Security Agreement” means, collectively, the Pledge and Security Agreement executed by the Loan Parties and the Collateral
Agent, substantially in the form of Exhibit F, together with supplements or joinders thereto executed and delivered pursuant to Section 6.11. 

“Senior Secured Leverage Ratio” means, with respect to any Test Period, the ratio of (a) Consolidated Secured Debt of
the Borrower and its Restricted Subsidiaries outstanding on the last date of such Test Period to (b) Adjusted EBITDA of the Borrower and its Restricted Subsidiaries for such Test Period, in each case calculated on a pro forma basis with
such pro forma adjustments as are appropriate and consistent with Section 1.07. 
 “Short Derivative Instrument” means
a Derivative Instrument (i) the value of which generally decreases, and/or the payment or delivery obligations under which generally increase, with positive changes to the Performance References and/or (ii) the value of which generally
increases, and/or the payment or delivery obligations under which generally decrease, with negative changes to the Performance References. 

  
 99 

 “Significant Subsidiary” means any Restricted Subsidiary that would be a
“significant subsidiary” as defined in Article 1, Rule 1-02 of Regulation S-X of the SEC, as such regulation is in effect on the Closing Date. 

“Similar Business” means (1) any business conducted or proposed to be conducted by the Borrower or any Restricted
Subsidiary on the Closing Date or (2) any business or other activities that are reasonably similar, ancillary, incidental, complementary or related to (including non-core incidental businesses acquired in
connection with any Permitted Investment), or a reasonable extension, development or expansion of, the businesses that the Borrower and its Restricted Subsidiaries conduct or propose to conduct on the Closing Date. 

“SOFR Early Opt-in” means the Administrative Agent and the Borrower have elected to
replace the Adjusted Eurodollar Rate pursuant to (1) an Early Opt-in Election and (2) Section 3.03(1) and paragraph (1) of the definition of “Benchmark Replacement”. 

“Solicited Discount Proration” has the meaning specified in Section 2.05(1)(e)(D)(3). 

“Solicited Discounted Prepayment Amount” has the meaning specified in Section 2.05(1)(e)(D)(1). 

“Solicited Discounted Prepayment Notice” means a written notice of the Borrower of Solicited Discounted Prepayment Offers
made pursuant to Section 2.05(1)(e)(D) substantially in the form of Exhibit L. 
 “Solicited
Discounted Prepayment Offer” means the written offer by each Lender, substantially in the form of Exhibit O, submitted following the Administrative Agent’s receipt of a Solicited Discounted Prepayment Notice.

 “Solicited Discounted Prepayment Response Date” has the meaning specified in Section 2.05(1)(e)(D)(1). 

“Solvent” and “Solvency” mean, with respect to any Person on any date of determination, that on such date:

 (1) the sum of the liabilities of such Person (including contingent liabilities), on a consolidated basis, does not exceed
the present fair saleable value of the present assets of such Person, on a consolidated basis, 
 (2) the fair value of the
property of such Person, on a consolidated basis, is greater than the total amount of liabilities (including contingent liabilities) of such Person, on a consolidated basis, 

(3) the capital of such Person, on a consolidated basis, is not unreasonably small in relation to its business as contemplated
on such date and 

  
 100 

 (4) such Person has not incurred and does not intend to incur, or believe
that it will incur, debts including current obligations beyond their ability to pay such debts as they become due (whether at maturity or otherwise). 
 The
amount of any contingent liability at any time shall be computed as the amount that, in light of all of the facts and circumstances as of such date, would reasonably be expected to become an actual and matured liability. 

“SPC” has the meaning specified in Section 10.07(g). 

“Specified Discount” has the meaning specified in Section 2.05(1)(e)(B)(1). 

“Specified Discount Prepayment Amount” has the meaning specified in Section 2.05(1)(e)(B)(1). 

“Specified Discount Prepayment Notice” means a written notice of the Borrower’s Offer of Specified Discount Prepayment
made pursuant to Section 2.05(1)(e)(B) substantially in the form of Exhibit N. 
 “Specified Discount
Prepayment Response” means the written response by each Lender, substantially in the form of Exhibit P, to a Specified Discount Prepayment Notice. 

“Specified Discount Prepayment Response Date” has the meaning specified in Section 2.05(1)(e)(B)(1). 

“Specified Discount Proration” has the meaning specified in Section 2.05(1)(e)(B)(3). 

“Specified Equity Contribution” means the “Cure Amount” as defined in the ABL Credit Agreement. 

“Specified Transaction” means: 

(1) solely for the purposes of determining the applicable cash balance, any contribution of capital, including as a result of
an Equity Offering, to the Borrower, in each case, in connection with an acquisition or Investment, 
 (2) any designation of
operations or assets of the Borrower or a Restricted Subsidiary as discontinued operations (as defined under GAAP), 
 (3)
any Investment that results in a Person becoming a Restricted Subsidiary, 
 (4) any designation of a Subsidiary as a
Restricted Subsidiary or an Unrestricted Subsidiary in compliance with this Agreement, 
 (5) any purchase or other
acquisition of a business of any Person, of assets constituting a business unit, line of business or division of any Person, 

(6) any Asset Sale (a) that results in a Restricted Subsidiary ceasing to be a Subsidiary of the Borrower or (b) of a
business, business unit, line of business or division of the Borrower or a Restricted Subsidiary, in each case whether by merger, amalgamation, consolidation or otherwise, 

  
 101 

 (7) any operational changes identified by the Borrower that have been made
by the Borrower or any Restricted Subsidiary during the Test Period, including any modification of any Indebtedness from cash interest to payment-in-kind, 

(8) any borrowing of Incremental Term Loans or Permitted Incremental Equivalent Debt or 

(9) any other transaction that by the terms of this Agreement requires a financial ratio to be calculated on a pro forma
basis. 
 “Sponsor” means Sycamore Partners Management, L.P. and any of its respective Affiliates and funds or
partnerships managed or advised by it or any of its respective Affiliates but not including, however, any portfolio company of any of the foregoing. 

“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 FRB to which the Administrative Agent is
subject with respect to the Adjusted Eurodollar Rate, for Eurocurrency funding (currently referred to as “Eurocurrency Liabilities” in Regulation D of the FRB). Such reserve percentages shall include those imposed pursuant to such
Regulation D. Eurodollar Rate 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 such Regulation D or any comparable regulation. The Statutory Reserve Rate shall be adjusted automatically on and as of the effective date of any change in any reserve percentage. 

“Submitted Amount” has the meaning specified in Section 2.05(1)(e)(C)(1). 

“Submitted Discount” has the meaning specified in Section 2.05(1)(e)(C)(1). 

“Subordinated Indebtedness” means any Indebtedness for borrowed money of any Loan Party that by its terms is subordinated in
right of payment to the Obligations of such Loan Party arising under the Loans or the Guaranty. 
 “Subsidiary” means, with
respect to any Person: 
 (1) any corporation, exempted company, association or other business entity (other than a
partnership, joint venture, limited liability company or similar entity) of which more than 50.0% of the total voting power of shares of Capital Stock entitled (without regard to the occurrence of any contingency) to vote in the election of
directors, members of management or trustees thereof is at the time of determination owned or controlled, directly or indirectly, by such Person or one or more of the other Subsidiaries of that Person or a combination thereof; and 

  
 102 

 (2) any partnership, exempted limited partnership, joint venture, limited
liability company or similar entity of which: 
 (a) more than 50.0% of the capital accounts, distribution rights, total
equity and voting interests or general or limited partnership interests, as applicable, are owned or controlled, directly or indirectly, by such Person or one or more of the other Subsidiaries of that Person or a combination thereof whether in the
form of membership, general, special or limited partnership or otherwise and 
 (b) such Person or any Restricted Subsidiary
of such Person is a controlling general partner or otherwise controls such entity. 
 Unless otherwise specified, all references herein to a
“Subsidiary” or to “Subsidiaries” shall refer to a Subsidiary or Subsidiaries of the Borrower. 
 “Subsidiary
Guarantor” means any Guarantor other than Holdings and any other Parent Company of the Borrower. 
 “Successor
Borrower” has the meaning specified in Section 7.03(4). 
 “Successor Holdings” has the meaning specified in
Section 7.03(5). 
 “Supplemental Administrative Agent” and “Supplemental Administrative Agents” have
the meanings specified in Section 9.15(1). 
 “Supported QFC” has the meaning specified in Section 10.28.

 “Swap Obligation” has the meaning specified in the definition of “Excluded Swap Obligation.” 

“Tax” means any present or future tax, levy, impost, duty, assessment, charge, fee, deduction or withholding (including
backup withholding) of any nature and whatever called, imposed by any Governmental Authority, including any interest, additions to tax and penalties applicable thereto. 

“Tax Group” has the meaning specified in Section 7.05(b)(14)(b). 

“Tax Indemnitee” as defined in Section 3.01(5). 

“Term Borrowing” means a Borrowing of any Term Loans. 

“Term Commitment” means, as to each Term Lender, its obligation to make a Term Loan to the Borrower hereunder, expressed as
an amount representing the maximum principal amount of the Term Loan to be made by such Term Lender under this Agreement, as such commitment may be (a) reduced from time to time pursuant to this Agreement and (b) reduced or increased from
time to time pursuant to (i) assignments by or to such Term Lender pursuant to an Assignment and Assumption, (ii) an Incremental Amendment, (iii) a Refinancing Amendment, (iv) an Extension Amendment or (v) an amendment in
respect of Replacement Loans. The initial amount 

  
 103 

 
of each Term Lender’s Term Commitment is its Term Commitment as of the Closing Date or, otherwise, in the Assignment and Assumption (or Affiliated Lender Assignment and Assumption),
Incremental Amendment, Refinancing Amendment, Extension Amendment or amendment in respect of Replacement Loans pursuant to which such Lender shall have assumed its Commitment, as the case may be. 

“Term Facility” means any Facility consisting of Term Loans or Term Commitments. 

“Term Intercreditor Agreement” means the Term Intercreditor Agreement substantially in the form of Exhibit G-2. 
 “Term Lender” means, at any time, any Lender that has a Term
Commitment or a Term Loan at such time. 
 “Term Loan” means any Closing Date Term Loan, Incremental Term Loan, Refinancing
Term Loan, Extended Loan or Replacement Loan, as the context may require. 
 “Term Loan Exposure” means, with respect to
any Lender, as of any date of determination, the outstanding principal amount of the Term Loans of such Lender; provided that at any time prior to the making of the Term Loans, the Term Loan Exposure of any Lender shall be equal to such
Lender’s Term Commitment, or, with regard to any Incremental Amendment at any time prior to the making of the applicable Incremental Term Loans thereunder, the Term Loan Exposure of any Lender with respect to such Incremental Term Facility
shall be equal to such Lender’s Incremental Term Loan Commitment thereunder. 
 “Term Loan Increase” has the meaning
specified in Section 2.14(1). 
 “Term Note” means a promissory note of the Borrower payable to any Term Lender or its
registered assigns, in substantially the form of Exhibit B hereto, evidencing the aggregate Indebtedness of the Borrower to such Term Lender resulting from the Term Loans made by such Term Lender. 

“Term SOFR” means, for the applicable corresponding tenor (or if any Available Tenor of a Benchmark does not correspond to an
Available Tenor for the applicable Benchmark Replacement, the closest corresponding Available Tenor and if such Available Tenor corresponds equally to two Available Tenors of the applicable Benchmark Replacement, the corresponding tenor of the
shorter duration shall be applied), the forward-looking term rate based on SOFR that has been selected or recommended by the Relevant Governmental Body. 

“Termination Conditions” means, the payment in full in cash of the Obligations (other than (i) contingent
indemnification obligations as to which no claim has been asserted and (ii) Obligations under Secured Hedge Agreements and Cash Management Obligations under Secured Cash Management Agreements). 

“Test Period” in effect at any time means the Borrower’s most recently ended four consecutive fiscal quarters (taken as
one accounting period) for which, subject to Section 1.07(1), financial statements were delivered (or were required to be delivered) pursuant to Section 6.01(1) or (2), as applicable. 

  
 104 

 “Threshold Amount” means $50 million. 

“Total Assets” means, at any time, the total assets of the Borrower and the Restricted Subsidiaries, determined on a
consolidated basis in accordance with GAAP, as shown on the then most recent balance sheet of the Borrower or such other Person as may be available (as determined in good faith by the Borrower). 

“Total Net Leverage Ratio” means, with respect to any Test Period, the ratio of (a) Consolidated Total Debt of the
Borrower and its Restricted Subsidiaries outstanding as of the last day of such Test Period to (b) Adjusted EBITDA of the Borrower and its Restricted Subsidiaries for such Test Period, in each case on a pro forma basis with such pro
forma adjustments as are appropriate and consistent with Section 1.07. 
 “Traded Securities” means any debt or
equity securities issued pursuant to a public offering or Rule 144A offering. 
 “Transaction Expenses” means any fees,
expenses, costs or charges incurred or paid by the Investors, any Parent Company, Holdings, the Borrower or any Restricted Subsidiary in connection with the Transactions, including any expenses in connection with hedging transactions, payments to
officers, employees and directors as change of control payments, severance payments, special or retention bonuses and charges for repurchase or rollover of, or modifications to, stock options or restricted stock. 

“Transactions” means, collectively, (a) the funding of the Closing Date Term Loans, (b) the execution and delivery
of the Loan Documents and the amendment to the ABL Credit Agreement, (c) the consummation of the Closing Date Refinancing, (d) the consummation of the Closing Date Distribution, (e) the consummation of any other transactions in
connection with the foregoing and (f) the payment of Transaction Expenses. 
 “Treasury Capital Stock” has the meaning
assigned to such term in Section 7.05(b)(2)(a). 
 “Type” means, with respect to a Loan, its character as a Base Rate
Loan or a Eurodollar Rate Loan. 
 “UK Financial Institution” means any BRRD Undertaking (as such term is defined under the
PRA Rulebook (as amended form time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial
Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms. 

“UK Resolution Authority” means the Bank of England or any other public administrative authority having responsibility for
the resolution of any UK Financial Institution. 
 “Uniform Commercial Code” or “UCC” means the Uniform
Commercial Code or any successor provision thereof as the same may from time to time be in effect in the State of New York or the Uniform Commercial Code or any successor provision thereof (or similar code or statute) of another jurisdiction, to the
extent it may be required to apply to any item or items of Collateral. 

  
 105 

 “United States” and “U.S.” mean the United States of
America. 
 “United States Tax Compliance Certificate” has the meaning specified in Section 3.01(3)(b)(iii). 

“Unrestricted Subsidiary” means (i) each Subsidiary of the Borrower listed on Schedule 1.02 on
the Closing Date, (ii) any Subsidiary of the Borrower designated by the Borrower as an Unrestricted Subsidiary pursuant to Section 6.18 subsequent to the date hereof or the ABL Credit Agreement and (iii) any
Subsidiary of an Unrestricted Subsidiary; provided, that (a) no Restricted Subsidiary that holds any item of intellectual property that is material to the business, taken as a whole, of the Borrower and its Restricted Subsidiaries (as
determined by the Borrower in good faith) (such intellectual property being referred to herein as “Material IP”) may be designated as an Unrestricted Subsidiary during the time when it holds such material intellectual property and
(b) in no event may Holdings or the Borrower be designated as an Unrestricted Subsidiary. 

“U.S. Lender” means any Lender that is not a Foreign Lender. 

“U.S. Special Resolution Regimes” has the meaning specified in Section 10.28. 

“USA PATRIOT Act” means The Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and
Obstruct Terrorism Act of 2001 (Title III of Public Law No. 107-56 (signed into law October 26, 2001)), as amended or modified from time to time. 

“Verification Covenant” has the meaning specified in Section 8.04(2). 

“Voting Stock” of any Person as of any date means the Capital Stock of such Person that is at the time entitled to vote in
the election of the Board of Directors of such Person. 
 “Weighted Average Life to Maturity” means, when applied to any
Indebtedness, Disqualified Stock or Preferred Stock, as the case may be, at any date, the quotient obtained by dividing: 

(1) the sum of the products of the number of years (calculated to the nearest
one-twenty fifth) from the date of determination to the date of each successive scheduled principal payment of such Indebtedness or redemption or similar payment with respect to such Disqualified Stock or
Preferred Stock, multiplied by the amount of such payment, by 
 (2) the sum of all such payments; provided
that for purposes of determining the Weighted Average Life to Maturity of any Indebtedness that is being Refinanced (the “Applicable Indebtedness”), the effects of any amortization or prepayments made on such Applicable
Indebtedness prior to the date of the applicable Refinancing will be disregarded. 
 “wholly owned” means, with respect to
any Subsidiary of any Person, a Subsidiary of such Person one hundred percent (100%) of the outstanding Equity Interests of which (other than (x) directors’ qualifying shares and (y) shares of Capital Stock of Foreign Subsidiaries issued
to foreign nationals as required by applicable Law) is at the time owned by such Person or by one or more wholly owned Subsidiaries of such Person. 

  
 106 

 “Withdrawal Liability” means the liability to a Multiemployer Plan as a
result of a complete or partial withdrawal from such Multiemployer Plan. 
 “Write-Down and Conversion Powers” means: 

(a) 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; 
 (b) with respect to the United Kingdom, any powers of the applicable Resolution Authority under the Bail-In Legislation to cancel, reduce, modify or change the form of a liability of any UK Financial Institution or any contract or instrument under which that liability arises, to convert all or part of that
liability into shares, securities or obligations of that person or any other person, to provide that any such contract or instrument is to have effect as if a right had been exercised under it or to suspend any obligation in respect of that
liability or any of the powers under that Bail-In Legislation that are related to or ancillary to any of those powers. 

Section 1.02 Other Interpretive Provisions. With reference to this Agreement and each other Loan Document, unless otherwise
specified herein or in such other Loan Document: 
 (1) The meanings of defined terms are equally applicable to the singular and plural forms
of the defined terms. 
 (2) The words “herein,” “hereto,” “hereof” and “hereunder” and words of
similar import when used in any Loan Document shall refer to such Loan Document as a whole and not to any particular provision thereof. 

(3) References in this Agreement to an Exhibit, Schedule, Article, Section, Annex, clause or subclause refer (a) to the appropriate
Exhibit or Schedule to, or Article, Section, clause or subclause in this Agreement or (b) to the extent such references are not present in this Agreement, to the Loan Document in which such reference appears, in each case as such
Exhibit, Schedule, Article, Section, Annex, clause or subclause may be amended or supplemented from time to time. 
 (4) The term
“including” is by way of example and not limitation. 
 (5) The term “documents” includes any and all instruments,
documents, agreements, certificates, notices, reports, financial statements and other writings, however evidenced, whether in physical or electronic form. 

  
 107 

 (6) In the computation of periods of time from a specified date to a later specified date,
the word “from” means “from and including”; the words “to” and “until” each mean “to but excluding”; and the word “through” means “to and including”. 

(7) Section headings herein and in the other Loan Documents are included for convenience of reference only and shall not affect the
interpretation of this Agreement or any other Loan Document. 
 (8) The word “or” is not intended to be exclusive unless expressly
indicated otherwise. 
 (9) With respect to any Default or Event of Default, the words “exists”, “is continuing” or
similar expressions with respect thereto shall mean that the Default or Event of Default has occurred and has not yet been cured or waived. If, prior to the taking of any action under Section 8.02 (or the occurrence of any event set forth in
the proviso thereto), any Default or Event of Default occurs due to (i) the failure by any Loan Party to take any action by a specified time, such Default or Event of Default shall be deemed to have been cured at the time, if any, that the
applicable Loan Party takes such action or (ii) the taking of any action by any Loan Party that is not then permitted by the terms of this Agreement or any other Loan Document, such Default or Event of Default shall be deemed to be cured on the
earlier to occur of (x) the date on which such action would be permitted at such time to be taken under this Agreement and the other Loan Documents pursuant to an applicable amendment or waiver permitting such action and (y) the date on
which such action is unwound or otherwise modified to the extent necessary for such revised action to be permitted at such time by this Agreement and the other Loan Documents; provided, that an Event of Default resulting from the failure to
deliver a notice pursuant to such Section 6.03(1) shall cease to exist and be cured in all respects if the Default or Event of Default giving rise to such notice requirement shall have ceased to exist and/or be cured. 

Notwithstanding anything to the contrary in this Section 1.02(9), an Event of Default (the “Initial Default”) may not be cured
pursuant to this Section 1.02(9): 
 (a) if the taking of any action by any Loan Party or Subsidiary of a Loan Party
that is not permitted during, and as a result of, the continuance of such Initial Default directly results in the cure of such Initial Default and the applicable Loan Party or Subsidiary had actual knowledge at the time of taking any such action
that the Initial Default had occurred and was continuing; 
 (b) in the case of an Event of Default under
Section 8.01(9) or (10) that directly results in material impairment of the rights and remedies of the Lenders, Collateral Agent and Administrative Agent under the Loan Documents and that is incapable of being cured; 

(c) in the case of an Event of Default under Section 8.01(3) arising due to the failure to perform or observe
Section 6.07 that directly results in a material adverse effect on the ability of the Loan Parties (taken as a whole) to perform their respective payment obligations under any Loan Document to which any of the Loan Parties is a party; or 

(d) in the case of an Initial Default for which (i) the Borrower failed to give notice to the Agent and the Lenders of
such Initial Default in accordance with Section 6.03(1) of this Agreement and (ii) the Borrower had actual knowledge of such failure to give such notice. 

  
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 (10) For purposes of determining compliance with any Section of Article VII, in
the event that any Lien, Investment, Indebtedness, Asset Sale, Restricted Payment, Affiliate Transaction, Contractual Obligation or prepayment of Indebtedness (A) meets the criteria of one or more of the categories of transactions permitted
pursuant to any clause of such Sections, such transaction (or portion thereof) at any time or (B) was incurred as a Fixed Amount, but could have been incurred as an Incurrence Based Amount, such Lien, Investment, Indebtedness, Asset Sale,
Restricted Payment, Affiliate Transaction, Contractual Obligation or prepayment of Indebtedness shall, from and after the first date on which the Borrower or such Restricted Subsidiaries could have incurred such amount as an Incurrence Based Amount,
automatically be reclassified as incurred under the applicable incurrence or ratio based provision (to the extent applicable), shall be permitted under one or more of such clauses as determined by the Borrower in its sole discretion at such time.
For purposes of determining compliance with the incurrence of any Credit Agreement Refinancing Indebtedness or Refinancing Indebtedness that restricts the amount of such Indebtedness relative to the amount of Credit Agreement Refinanced Debt or
Refinanced Debt, respectively, the Borrower and Restricted Subsidiaries may incur an incremental principal amount of Credit Agreement Refinancing Indebtedness or Refinancing Indebtedness in such refinancing to the extent that the excess portion of
the Credit Agreement Refinancing Indebtedness or Refinancing Indebtedness would otherwise be permitted to be incurred in accordance with this Agreement (provided that (1) any additional Indebtedness referenced in this sentence satisfies
the other applicable requirements of the definition of Credit Agreement Refinancing Indebtedness or Refinancing Indebtedness, as applicable (with such additional amounts incurred constituting a utilization of the relevant basket or exception
contained in Section 7.02(b) pursuant to which such additional amount is permitted) and (2) if such additional Indebtedness is secured, the Lien securing such Indebtedness satisfies the applicable requirements of Section 7.01). For
purposes of determining compliance with the incurrence of any Indebtedness under Designated Revolving Commitments in reliance on compliance with any ratio or Basket, if on the date such Designated Revolving Commitments are established after giving
pro forma effect to the incurrence of the entire committed amount of then proposed Indebtedness thereunder, then such committed amount under such Designated Revolving Commitments may thereafter be borrowed and reborrowed, in whole or in part,
from time to time, without further compliance with any ratio. 
 (11) For purposes hereof, unless otherwise specifically indicated, the term
“consolidated” with respect to any Person refers to such Person consolidated with its Restricted Subsidiaries and excludes from such consolidation any Unrestricted Subsidiary as if such Unrestricted Subsidiary were not an Affiliate of such
Person. 
 (12) For all purposes under the Loan Documents, in connection with any division or plan of division under Delaware law (or any
comparable event under a different jurisdiction’s laws), including a statutory division pursuant to Section 18-217 of the Delaware Limited Liability Company Act: (a) if any asset or property of
any Person becomes the asset or property of one or more different Persons, then such asset or property shall be deemed to have been disposed of from the original Person to the subsequent Person(s) on the date such division becomes effective,
(b) if any obligation or liability of any Person becomes the obligation or liability of one or more different Person(s), then the original Person shall be deemed to have been automatically released from such obligation or liability and such
obligation or liability shall be deemed to have been assumed by the subsequent Person(s), in each case, on the date such division becomes effective and (c) if any new Person comes into existence, such new Person shall be deemed to have been
organized on the first date of its existence by the holders of its Equity Interests on the date such division becomes effective. 

  
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 Section 1.03 Accounting Terms. All accounting terms not specifically or
completely defined herein shall be construed in conformity with, and all financial data (including financial ratios and other financial calculations) required to be submitted pursuant to this Agreement shall be prepared in conformity with, GAAP,
except as otherwise specifically prescribed herein. Unless the context indicates otherwise, any reference to a “fiscal year” or a “fiscal quarter” shall refer to a “retail” fiscal year ending on or about January 31
or a “retail” fiscal quarter ending on or about April 30, July 31 or October 31. 
 Section 1.04
Rounding. Any financial ratios required to be satisfied in order for a specific action to be permitted under this Agreement shall be calculated by dividing the appropriate component by the other component, carrying the result to one place
more than the number of places by which such ratio is expressed herein and rounding the result up or down to the nearest number (with a rounding-up if there is no nearest number). 

Section 1.05 References to Agreements, Laws, etc. Unless otherwise expressly provided herein, (1) references to Organizational
Documents, agreements (including the Loan Documents) and other contractual instruments shall be deemed to include all subsequent amendments, restatements, extensions, supplements and other modifications thereto, but only to the extent that such
amendments, restatements, extensions, supplements and other modifications are permitted by any Loan Document; and (2) references to any Law shall include all statutory and regulatory provisions consolidating, amending, replacing, supplementing
or interpreting such Law. 
 Section 1.06 Times of Day and Timing of Payment and Performance. Unless otherwise specified, all
references herein to times of day shall be references to New York time (daylight or standard, as applicable). When the payment of any obligation or the performance of any covenant, duty or obligation is stated to be due or performance required on a
day which is not a Business Day, the date of such payment (other than as described in the definition of “Interest Period”) or performance shall extend to the immediately succeeding Business Day. 

Section 1.07 Pro Forma and Other Calculations. 

(1) Notwithstanding anything to the contrary herein, financial ratios and tests, including the Interest Coverage Ratio, First Lien Net Leverage
Ratio, Senior Secured Leverage Ratio and the Total Net Leverage Ratio shall be calculated in the manner prescribed by this Section 1.07. In addition, whenever a financial ratio or test is to be calculated on a pro forma basis, the
reference to “Test Period” for purposes of calculating such financial ratio or test shall be deemed to be a reference to, and shall be based on, either (1) the most recently ended Test Period for which financial statements of the
Borrower were delivered (or were required to be delivered) pursuant to Section 6.01(1) or (2), as applicable, or (2) the most recently ended Test Period for which internal financial statements of the Borrower are available and have been
delivered to the Administrative Agent. 

  
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 (2) For purposes of calculating any financial ratio or test (or Total Assets), Specified
Transactions (and, subject to clause (4) below, the incurrence or repayment of any Indebtedness in connection therewith) that have been made (a) during the applicable Test Period or (b) subsequent to such Test Period and prior to or
simultaneously with the event for which the calculation of any such ratio is made shall be calculated on a pro forma basis assuming that all such Specified Transactions (and any increase or decrease in Adjusted EBITDA and the component
financial definitions and/or reductions in interest expense, in each case, used therein attributable to any Specified Transaction) had occurred on the first day of the applicable Test Period (or, in the case of Total Assets, on the last day of the
applicable Test Period). If since the beginning of any applicable Test Period any Person that subsequently became a Restricted Subsidiary or was merged, amalgamated or consolidated with or into the Borrower or any Restricted Subsidiary since the
beginning of such Test Period shall have made any Specified Transaction that would have required adjustment pursuant to this Section 1.07, then such financial ratio or test (or Total Assets) shall be calculated to give pro forma effect
thereto in accordance with this Section 1.07 as if such Specified Transaction had occurred at the beginning of the most recently ended Test Period. 

(3) Whenever pro forma effect is to be given to a Specified Transaction, the pro forma calculations shall be made in good faith
by a Financial Officer of the Borrower and may include, for the avoidance of doubt, the amount of “run-rate” cost savings, synergies and operating expense reductions resulting from or related to any
such Specified Transaction (including the Transactions) which is being given pro forma effect that have been realized or are expected to be realized and for which the actions necessary to realize such cost savings, operating expense
reductions and synergies are taken, committed to be taken or with respect to which substantial steps have been taken or are expected to be taken no later than eight fiscal quarters after the date of any such Specified Transaction (calculated on a
pro forma basis as though such cost savings, operating expense reductions and synergies had been realized on the first day of such period and as if such cost savings, operating expense reductions and synergies were realized during the
entirety of such period and “run-rate” means the full recurring benefit for a period that is associated with any action taken, committed to be taken or with respect to which substantial steps have
been taken or are expected to be taken (including any savings expected to result from the elimination of a public target’s compliance costs with public company requirements) net of the amount of actual benefits realized during such period from
such actions, and any such adjustments shall be included in the initial pro forma calculations of such financial ratios or tests and during any subsequent Test Period in which the effects thereof are expected to be realized) relating to such
Specified Transaction; provided that (a) such amounts are (i) reasonably identifiable and projected in the good faith judgment of the Borrower to result from such actions and (ii) such actions are taken, committed to be taken
or with respect to which substantial steps have been taken or are expected to be taken no later than eight fiscal quarters after the date of such Specified Transaction, and (b) no amounts shall be added to the extent duplicative of any amounts
that are otherwise added back in computing Adjusted EBITDA (or any other components thereof), whether through a pro forma adjustment or otherwise, with respect to such period; provided, further, that the aggregate amount of
adjustments to Adjusted EBITDA included pursuant to this Section 1.07(3), taken together with the aggregate amount of adjustments included pursuant to clause (1)(l), (1)(n), (1)(o), (1)(p)(y), (1)(q) and (1)(r) of the definition of Adjusted
EBITDA, shall not exceed 25% of Adjusted EBITDA (calculated after giving effect to the adjustments set forth in Adjusted EBITDA). 

  
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 (4) In the event that (a) the Borrower or any Restricted Subsidiary incurs (including
by assumption or guarantees), issues or repays (including by redemption, repurchase, repayment, retirement or extinguishment) any Indebtedness (other than Indebtedness incurred or repaid under any revolving credit facility or line of credit unless
such Indebtedness has been permanently repaid and not replaced), (b) the Borrower or any Restricted Subsidiary issues, repurchases or redeems Disqualified Stock, (c) any Restricted Subsidiary issues, repurchases or redeems Preferred Stock or
(d) the Borrower or any Restricted Subsidiary establishes or eliminates any Designated Revolving Commitments, in each case included in the calculations of any financial ratio or test, (i) during the applicable Test Period or
(ii) subsequent to the end of the applicable Test Period and prior to or simultaneously with the event for which the calculation of any such ratio is made, then such financial ratio or test shall be calculated giving pro forma effect to
such incurrence, issuance, repayment or redemption of Indebtedness, issuance, repurchase or redemption of Disqualified Stock or Preferred Stock, or establishment or elimination of any Designated Revolving Commitments, in each case to the extent
required, as if the same had occurred on the last day of the applicable Test Period (except in the case of the Interest Coverage Ratio, First Lien Net Leverage Ratio, Senior Secured Leverage Ratio or Total Net Leverage Ratio (or similar ratio), in
which case such incurrence, issuance, repayment or redemption of Indebtedness, issuance, repurchase or redemption of Disqualified Stock or Preferred Stock, or establishment or elimination of any Designated Revolving Commitments, in each case will be
given effect, as if the same had occurred on the first day of the applicable Test Period) and, in the case of Indebtedness for all purposes as if such Indebtedness in the full amount of any undrawn Designated Revolving Commitments had been incurred
thereunder throughout such period in each case to the extent required, as if the same had occurred on the last day of the applicable Test Period. 

(5) If any Indebtedness bears a floating rate of interest and is being given pro forma effect, the interest on such Indebtedness shall be
calculated as if the rate in effect on the date of the event for which the calculation of the Interest Coverage Ratio, First Lien Net Leverage Ratio, Senior Secured Leverage Ratio and/or Total Net Leverage Ratio, is made had been the applicable rate
for the entire period (taking into account any interest hedging arrangements applicable to such Indebtedness). Interest on a Capitalized Lease Obligation shall be deemed to accrue at an interest rate reasonably determined by a Financial Officer of
the Borrower to be the rate of interest implicit in such Capitalized Lease Obligation in accordance with GAAP. Interest on Indebtedness that may optionally be determined at an interest rate based upon a factor of a prime or similar rate, a
eurocurrency interbank offered rate, or other rate shall be determined to have been based upon the rate actually chosen, or if none, then based upon such optional rate chosen as the Borrower or applicable Restricted Subsidiary may designate. 

(6) Notwithstanding anything to the contrary in this Section 1.07 or in any classification under GAAP of any Person, business, assets or
operations in respect of which a definitive agreement for the disposition thereof has been entered into, unless otherwise elected by the Borrower no pro forma effect shall be given to any discontinued operations (and the Adjusted EBITDA
attributable to any such Person, business, assets or operations shall not be excluded for any purposes hereunder) until such disposition shall have been consummated. 

(7) Any determination of Total Assets shall be made by reference to either (1) the most recently ended Test Period for which financial
statements of the Borrower were delivered (or were required to be delivered) pursuant to Section 6.01(1) or (2), as applicable, or (2) the most recently ended Test Period for which internal financial statements of the Borrower are
available and have been delivered to the Administrative Agent 

  
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 (8) Notwithstanding anything in this Agreement or any Loan Document to the contrary, when
(a) calculating any applicable ratio, Consolidated Net Income or Adjusted EBITDA in connection with incurrence of Indebtedness, the creation of Liens, the making of any Asset Sale, the making of an Investment, the making of a Restricted
Payment, the designation of a Subsidiary as restricted or unrestricted or the repayment of Indebtedness or otherwise testing availability under any Basket, (b) determining compliance with any provision of this Agreement which requires that no
Default or Event of Default has occurred, is continuing or would result therefrom, (c) determining compliance with any provision of this Agreement which requires compliance with any representations and warranties set forth herein or
(d) the satisfaction of all other conditions precedent to the incurrence of Indebtedness, the creation of Liens, the making of any disposition, the making of an Investment, the making of a Restricted Payment, the designation of a Subsidiary as
restricted or unrestricted or the repayment of Indebtedness, in each case in connection with a Limited Condition Transaction, the date of determination of such ratio or other provisions, determination of whether any Default or Event of Default has
occurred, is continuing or would result therefrom, determination of compliance with any representations or warranties or the satisfaction of any other conditions shall, at the option of the Borrower (Borrower’s election to exercise such option
in connection with any Limited Condition Transaction, an “LCT Election”), be deemed to be the date the definitive agreements for such Limited Condition Transaction are entered into (the “LCT Test Date”). If on a
pro forma basis after giving effect to such Limited Condition Transaction and the other transactions to be entered into in connection therewith (including any incurrence of Indebtedness and the use of proceeds thereof) such ratios and other
provisions are calculated as if such Limited Condition Transaction or other transactions had occurred at the beginning of the most recent Test Period ending prior to the LCT Test Date for which financial statements of the Borrower were delivered (or
were required to be delivered) pursuant to Section 6.01(1) or (2), as applicable, the Borrower could have taken such action on the relevant LCT Test Date in compliance with the applicable ratios or other provisions, such provisions shall be
deemed to have been complied with unless an Event of Default under Section 8.01(1) or 8.01(6) (solely with respect to Holdings and the Borrower) shall be continuing at the time of the consummation of such Limited Condition Transaction. For the
avoidance of doubt, (i) if any of such ratios or other provisions are exceeded or breached as a result of fluctuations in such ratio (including due to fluctuations in Adjusted EBITDA or other components of such ratio) or other provisions at or
prior to the consummation of the relevant Limited Condition Transaction, such ratios and other provisions will not be deemed to have been exceeded as a result of such fluctuations solely for purposes of determining whether the Limited Condition
Transaction is permitted hereunder and (ii) such ratios and compliance with such conditions shall not be tested at the time of consummation of such Limited Condition Transaction or related Specified Transactions, unless on such date an Event of
Default pursuant to Section 8.01(1) or 8.01(6) shall be continuing. If the Borrower has made an LCT Election for any Limited Condition Transaction, then in connection with any subsequent calculation of any ratio or Basket availability with
respect to any other Specified Transaction on or following the relevant LCT Test Date and prior to the earlier of (i) the date on which such Limited Condition Transaction is consummated or (ii) the date that the definitive agreement for
such Limited Condition Transaction is terminated or expires without consummation of such Limited Condition Transaction, any such ratio or Basket shall be calculated on a pro forma basis assuming such Limited Condition Transaction and other

  
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transactions in connection therewith (including any incurrence of Indebtedness and the use of proceeds thereof) had been consummated on the LCT Test Date except that (other than solely with
respect to the incurrence test under which such Limited Condition Transaction is being made) Adjusted EBITDA, assets and Consolidated Net Income of any target of such Limited Condition Transaction can only be used in the determination of the
relevant ratios and Baskets if and when such acquisition has closed. Notwithstanding anything in this Agreement or any Loan Document to the contrary, if the Borrower or its Restricted Subsidiaries (x) incurs Indebtedness, creates Liens, makes
Asset Sales, makes Investments, makes Restricted Payments, designates any Subsidiary as restricted or unrestricted or repays any Indebtedness in connection with any Limited Condition Transaction under a ratio-based Basket and (y) incurs
Indebtedness, creates Liens, makes Asset Sales, Investments or Restricted Payments, designates any Subsidiary as restricted or unrestricted or repays any Indebtedness in connection with such Limited Condition Transaction under a non-ratio-based Basket (which shall occur within five Business Days of the events in clause (x) above), then the applicable ratio will be calculated with respect to any such action under the applicable
ratio-based Basket without regard to any such action under such non-ratio-based Basket made in connection with such Limited Condition Transaction. 

(9) Notwithstanding anything to the contrary herein, with respect to any amounts incurred (including the incurrence of any Fixed Incremental
Amount Indebtedness) or transactions entered into (or consummated) in reliance on a provision of this Agreement that does not require compliance with a financial ratio or test (including, without limitation, pro forma compliance with any Interest
Coverage Ratio test, any First Lien Net Leverage Ratio test, any Total Net Leverage Ratio test, Senior Secured Leverage Ratio test, and/or any other financial ratio or test) (any such amounts, the “Fixed Amounts”)
substantially concurrently with any amounts incurred (including the incurrence of any Ratio Amount Indebtedness) or transactions entered into (or consummated) in reliance on a provision of this Agreement that requires compliance with any such
financial ratio or test (any such amounts, the “Incurrence Based Amounts”), it is understood and agreed that the (i) Fixed Amounts (and any cash proceeds thereof) and (ii) any Indebtedness resulting from borrowings
under the ABL Facility which occur concurrently with the incurrence of the Incurrence Based Amounts shall, in each case, be disregarded in the calculation of the financial ratio or test applicable to the Incurrence Based Amounts in connection with
such substantially concurrent incurrence. 
 Section 1.08 Available Amount Transaction. If more than one action occurs on any
given date the permissibility of the taking of which is determined hereunder by reference to the Available Amount immediately prior to the taking of such action, the permissibility of the taking of each such action shall be determined independently
and in no event may any two or more such actions be treated as occurring simultaneously, i.e., each transaction must constitute a permitted use of the Available Amount. 

Section 1.09 Guaranties of Hedging Obligations. Notwithstanding anything else to the contrary in any Loan Document, no non-Qualified ECP Guarantor shall be required to guarantee or provide security for Excluded Swap Obligations, and any reference in any Loan Document with respect to such
non-Qualified ECP Guarantor guaranteeing or providing security for the Obligations shall be deemed to be all Obligations other than the Excluded Swap Obligations. 

  
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 Section 1.10 Currency Generally. 

(1) The Borrower shall determine in good faith the dollar amount of any utilization or other measurement denominated in a currency other than
Dollars for purposes of compliance with any Basket. For purposes of determining compliance with any Basket under Article VII or VIII with respect to any amount expressed in a currency other than Dollars, no Default shall be deemed to have
occurred solely as a result of changes in rates of currency exchange occurring after the time such Basket utilization occurs or other Basket measurement is made (so long as such Basket utilization or other measurement, at the time incurred, made or
acquired, was permitted hereunder). Except with respect to any ratio calculated under any Basket, any subsequent change in rates of currency exchange with respect to any prior utilization or other measurement of a Basket previously made in reliance
on such Basket (as the same may have been reallocated in accordance with this Agreement) shall be disregarded for purposes of determining any unutilized portion under such Basket. 

(2) For purposes of determining the Interest Coverage Ratio, First Lien Net Leverage Ratio, Senior Secured Leverage Ratio and/or the Total Net
Leverage Ratio the amount of Indebtedness and cash and Cash Equivalents shall reflect the currency translation effects, determined in accordance with GAAP, of Hedging Obligations permitted hereunder for currency exchange risks with respect to the
applicable currency in effect on the date of determination of the Dollar equivalent of such Indebtedness. 
 (3) For purposes of determining
compliance under any Basket under Article VII or VIII, any amount in a currency other than Dollars will be converted to Dollars in a manner consistent with that used in calculating net income in the Borrower’s annual financial statements
delivered pursuant to Section 6.01(1); provided, however, that the foregoing shall not be deemed to apply to the determination of any amount of Indebtedness. For purposes of determining compliance with any restriction on the
incurrence of Indebtedness, the Dollar equivalent of the principal amount of Indebtedness denominated in a foreign currency shall be calculated based on the exchange rate in effect on the date such Indebtedness was incurred, in the case of term
debt, or first committed, in the case of revolving credit debt; provided that if such Indebtedness is incurred to extend, replace, refund, refinance, renew or defease other Indebtedness denominated in a foreign currency, and such extension,
replacement, refunding, refinancing, renewal or defeasance would cause the applicable restriction to be exceeded if calculated at the relevant currency exchange rate in effect on the date of such extension, replacement, refunding, refinancing,
renewal or defeasance, such restriction shall be deemed not to have been exceeded so long as the principal amount of such refinancing Indebtedness does not exceed the principal amount of such Indebtedness being extended, replaced, refunded,
refinanced, renewed or defeased. 
 Section 1.11 Interest Rates. The Administrative Agent does not warrant, nor accept
responsibility, nor shall the Administrative Agent have any liability with respect to the administration, submission or any other matter related to the rates in the definition of “Eurodollar Rate” or with respect to any rate that is an
alternative or replacement for or successor to any of such rate (including, without limitation, any Benchmark Replacement) or the effect of any of the foregoing, or of any Benchmark Replacement Conforming Changes. 

  
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 ARTICLE II 

THE COMMITMENTS AND BORROWINGS 

Section 2.01 The Loans. Subject to the terms and conditions set forth in Section 4.01 hereof, each Term Lender severally
agrees to make to the Borrower on the Closing Date one or more Closing Date Term Loans denominated in Dollars in an aggregate principal amount not to exceed such Term Lender’s Closing Date Term Commitment on the Closing Date. Amounts borrowed
under this Section 2.01 and repaid or prepaid may not be reborrowed. The Closing Date Term Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein. 

Section 2.02 Borrowings, Conversions and Continuations of Loans. 

(1) Each Term Borrowing, each conversion of Term Loans from one Type to the other, and each continuation of Eurodollar Rate Loans shall be made
upon the Borrower’s irrevocable notice to the Administrative Agent which may be given by telephone; provided that any telephonic notice must be confirmed immediately by delivery to the Administrative Agent of a Committed Loan Notice
(provided that the notice in respect of the initial Term Borrowing on the Closing Date, or in connection with any Permitted Acquisition or other transaction permitted under this Agreement, may be conditioned on the closing of the Acquisition
or such Permitted Acquisition or other transaction, as applicable). Each such notice must be received by the Administrative Agent not later than (a) 1:00 p.m., New York time, three (3) Business Days prior to the requested date of any Borrowing
or continuation of Eurodollar Rate Loans or any conversion of Base Rate Loans to Eurodollar Rate Loans and (b) 11:00 a.m., New York time, on the requested date of any Borrowing of Base Rate Loans; provided that the notice referred to in
subclause (a) above may be delivered one (1) Business Day prior to the Closing Date in the case of the Closing Date Term Loans. Each such notice by the Borrower pursuant to this Section 2.02(1) must be made by delivery to the
Administrative Agent of a written Committed Loan Notice, appropriately completed and signed by a Responsible Officer of the Borrower. Except as provided in Sections 2.14, 2.15 and 2.16, each Borrowing of, conversion to or continuation of
Eurodollar Rate Loans shall be in a principal amount of $5.0 million or a whole multiple of $1.0 million in excess thereof. Except as provided in Sections 2.14, 2.15 and 2.16, each Borrowing of or conversion to Base Rate Loans shall
be in a principal amount of $1.0 million or a whole multiple of $500,000 in excess thereof. Each Committed Loan Notice shall specify: 

(i) whether the Borrower is requesting a Term Borrowing, a conversion of Term Loans from one Type to the other or a
continuation of Eurodollar Rate Loans, 
 (ii) the requested date of the Borrowing, conversion or continuation, as the case
may be (which shall be a Business Day), 
 (iii) the principal amount of Loans to be borrowed, converted or continued, 

(iv) [reserved], 

  
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 (v) the Class and Type of Loans to be borrowed or to which existing
Term Loans are to be converted, 
 (vi) if applicable, the duration of the Interest Period with respect thereto and 

(vii) wire instructions of the account(s) to which funds are to be disbursed. 

If the Borrower fails to specify a Type of Loan to be made in a Committed Loan Notice, then the applicable Loans shall be made as Eurodollar
Rate Loans with an Interest Period of one (1) month. If the Borrower fails to give a timely notice requesting a conversion or continuation, then the applicable Loans shall be made or continued as the same Type of Loan, which if a Eurodollar
Rate Loan, shall have a one-month Interest Period. Any such automatic continuation of Eurodollar Rate Loans shall be effective as of the last day of the Interest Period then in effect with respect to the
applicable Eurodollar Rate Loans. If the Borrower requests a Borrowing of, conversion to, or continuation of Eurodollar Rate Loans in any such Committed Loan Notice, but fails to specify an Interest Period, it will be deemed to have specified an
Interest Period of one (1) month. 
 (2) Following receipt of a Committed Loan Notice, the Administrative Agent shall promptly notify
each Lender of the amount of its Pro Rata Share or other applicable share provided for under this Agreement of the applicable Class of Loans, and if no timely notice of a conversion or continuation is provided by the Borrower, the
Administrative Agent shall notify each Lender of the details of any automatic continuation of Eurodollar Rate Loans or continuation of Loans described in Section 2.02(1). In the case of each Borrowing, each Appropriate Lender shall make the
amount of its Loan available to the Administrative Agent in Same Day Funds at the Administrative Agent’s Office not later than, in the case of Borrowing on the Closing Date, 10:00 a.m., New York time, and otherwise 1:00 p.m., New York time, on
the Business Day specified in the applicable Committed Loan Notice. Upon satisfaction of the applicable conditions set forth in Section 4.01 for the Borrowing on the Closing Date, the Administrative Agent shall make all funds so received
available to the applicable Borrower in like funds as received by the Administrative Agent either by (a) crediting the account(s) of the applicable Borrower on the books of the Administrative Agent with the amount of such funds or (b) wire
transfer of such funds, in each case in accordance with instructions provided by the Borrower to (and reasonably acceptable to) the Administrative Agent. 

(3) Except as otherwise provided herein, a Eurodollar Rate Loan may be continued or converted only on the last day of an Interest Period for
such Eurodollar Rate Loan, unless the Borrower pays the amount due, if any, under Section 3.05 in connection therewith. Upon the occurrence and during the continuation of an Event of Default, the Administrative Agent at the direction of the
Required Lenders under the applicable Facility may require by notice to the Borrower that no Loans under such Facility may be converted to or continued as Eurodollar Rate Loans. 

  
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 (4) The Administrative Agent shall promptly notify the Borrower and the Lenders of the
interest rate applicable to any Interest Period for Eurodollar Rate Loans upon determination of such interest rate. The determination of the Eurodollar Rate by the Administrative Agent shall be conclusive in the absence of manifest error. At any
time when Base Rate Loans are outstanding, the Administrative Agent shall notify the Borrower and the Lenders of any change in the Prime Rate used in determining the Base Rate promptly following the public announcement of such change. 

(5) After giving effect to all Term Borrowings, all conversions of Term Loans from one Type to the other, and all continuations of Term Loans
as the same Type, there shall not be more than 5 Interest Periods in effect unless otherwise agreed between the Borrower and the Administrative Agent. 

(6) The failure of any Lender to make the Loan to be made by it as part of any Borrowing shall not relieve any other Lender of its obligation,
if any, hereunder to make its Loan on the date of such Borrowing, but no Lender shall be responsible for the failure of any other Lender to make the Loan to be made by such other Lender on the date of any Borrowing. 

(7) Unless the Administrative Agent shall have received notice from a Lender prior to the date of any Borrowing, or, in the case of any
Borrowing of Base Rate Loans, prior to 1:00 p.m., New York time, on the date of such Borrowing, that such Lender will not make available to the Administrative Agent such Lender’s Pro Rata Share of such Borrowing, the Administrative Agent may
assume that such Lender has made such Pro Rata Share available to the Administrative Agent on the date of such Borrowing in accordance with paragraph (2) above, and the Administrative Agent may, in reliance upon such assumption, make available
to the Borrower on such date a corresponding amount. If the Administrative Agent shall have so made funds available, then, to the extent that such Lender shall not have made such portion available to the Administrative Agent, each of such Lender and
the Borrower severally agrees to repay to the Administrative Agent forthwith on demand such corresponding amount together with interest thereon, for each day from the date such amount is made available to the Borrower until the date such amount is
repaid to the Administrative Agent at (a) in the case of the Borrower, the interest rate applicable at the time to the Loans comprising such Borrowing and (b) in the case of such Lender, the Overnight Rate plus any administrative,
processing or similar fees customarily charged by the Administrative Agent in accordance with the foregoing. A certificate of the Administrative Agent submitted to any Lender with respect to any amounts owing under this Section 2.02(7) shall be
conclusive in the absence of manifest error. If the Borrower and such Lender shall both pay all or any portion of the principal amount in respect of such Borrowing or interest to the Administrative Agent for the same or an overlapping period, the
Administrative Agent shall promptly remit to the Borrower the amount of such Borrowing or interest paid by the Borrower for such period. If such Lender pays its share of the applicable Borrowing to the Administrative Agent, then the amount so paid
shall constitute such Lender’s Loan included in such Borrowing. Any payment by the Borrower shall be without prejudice to any claim the Borrower may have against a Lender that shall have failed to make such payment to the Administrative Agent.

 Section 2.03 [Reserved]. 

Section 2.04 [Reserved]. 

Section 2.05 Prepayments. 

  
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 (1) Optional. 

(a) The Borrower may, upon notice to the Administrative Agent by the Borrower, at any time or from time to time voluntarily
prepay any Class or Classes of Term Loans in whole or in part without premium (except as set forth in Section 2.18) or penalty; provided that 

(i) such notice of prepayment, which shall be substantially in the form of Exhibit R, must be
received by the Administrative Agent not later than 1:00 p.m., New York time, (A) three (3) Business Days prior to any date of prepayment of Eurodollar Rate Loans and (B) on the date of prepayment of Base Rate Loans; 

(ii) any partial prepayment of Eurodollar Rate Loans shall be in a principal amount of $2.0 million or a whole multiple of
$500,000 in excess thereof or, if less, the entire principal amount thereof then outstanding; and 
 (iii) any prepayment of
Base Rate Loans shall be in a principal amount of $1.0 million or a whole multiple of $100,000 in excess thereof or, if less, the entire principal amount thereof then outstanding. 

Each such notice shall specify the date and amount of such prepayment and the Class(es) and Type(s) of Loans to be prepaid (and, for the
avoidance of doubt, may indicate the prepayments by more than one Borrower on such date in such amounts so specified, which, individually, may be below any minimum or multiple, but which, in the aggregate amount on any given date, shall satisfy such
minimum and multiple requirements). The Administrative Agent will promptly notify each Appropriate Lender of its receipt of each such notice, and of the amount of such Lender’s Pro Rata Share or other applicable share provided for under this
Agreement of such prepayment. If such notice is given, the Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. Any prepayment of a Eurodollar Rate Loan shall be
accompanied by all accrued interest thereon, together with any additional amounts required pursuant to Section 3.05. In the case of each prepayment of the Loans pursuant to this Section 2.05(1), the Borrower may in its sole discretion
select the Borrowing or Borrowings (and the order of maturity of principal payments) to be repaid, and such payment shall be paid to the Appropriate Lenders in accordance with their respective Pro Rata Shares or other applicable share provided for
under this Agreement. 
 (b) [Reserved]. 

(c) Notwithstanding anything to the contrary contained in this Agreement, the Borrower may rescind any notice of prepayment
under Section 2.05(1)(a) if such prepayment is conditional upon the effectiveness of other credit facilities or the receipt of the proceeds from the issuance of other Indebtedness or the occurrence of some other
identifiable and specified event or condition, in which case such notice of prepayment may be revoked or extended by the Borrower (by notice to the Administrative Agent on or prior to the specified effective date of such prepayment) if such
condition is not satisfied. 

  
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 (d) Each prepayment in respect of any Term Loans pursuant to this
Section 2.05(1) may be applied to any Class of Term Loans as directed by the Borrower. Voluntary prepayments of any Class of Term Loans (including as to any Extended Loan or otherwise) permitted hereunder shall be
applied in a manner determined at the discretion of the Borrower and specified in the notice of prepayment (and absent such direction, in direct order of maturity, including any remaining scheduled installments of principal). For the avoidance of
doubt, the Borrower may (i) prepay Term Loans of any Term Loan Class pursuant to this Section 2.05 without any requirement to prepay Extended Loans that were converted or exchanged from such Term Loan
Class and (ii) prepay Extended Loans pursuant to this Section 2.05 without any requirement to prepay any Term Loans that were converted or exchanged for such Extended Loans. In the event that the Borrower does not
specify the order in which to apply prepayments to reduce scheduled installments of principal or as between Classes of Term Loans, the Borrower shall be deemed to have elected that such proceeds be applied to reduce the scheduled installments of
principal in direct order of maturity on a pro rata basis among Term Loan Classes. 
 (e) Notwithstanding anything in
any Loan Document to the contrary, so long as no Event of Default has occurred and is continuing or shall occur as a result thereof, any Borrower Party may (i) purchase outstanding Term Loans on a non-pro
rata basis through open market purchases or (ii) prepay the outstanding Term Loans (which Term Loans shall, for the avoidance of doubt, be automatically and permanently canceled immediately upon such purchase or prepayment), which in the case
of clause (ii) only shall be prepaid without premium or penalty on the following basis: 
 (A) Any Borrower Party shall
have the right to make a voluntary prepayment of Loans at a discount to par pursuant to a Borrower Offer of Specified Discount Prepayment, Borrower Solicitation of Discount Range Prepayment Offers or Borrower Solicitation of Discounted Prepayment
Offers (any such prepayment, the “Discounted Term Loan Prepayment”), in each case made in accordance with this Section 2.05(1)(e) and without premium or penalty. 

(B) 

(1) any Borrower Party may from time to time offer to make a Discounted Term Loan Prepayment by providing the Auction Agent
with five (5) Business Days’ notice (or such shorter period as agreed by the Auction Agent) in the form of a Specified Discount Prepayment Notice; provided that (I) any such offer shall be made available, at the sole discretion
of the applicable Borrower Party, to (x) each Term Lender or (y) each Term Lender with respect to any Class of Term Loans on an individual Class basis, (II) any such offer shall specify the aggregate principal amount offered
to be prepaid (the “Specified Discount Prepayment Amount”) with respect to each applicable Class, the Class or Classes of Term Loans subject to such offer and the specific percentage discount to par (the “Specified
Discount”) of such Term Loans to be prepaid (it being understood that different Specified Discounts or Specified Discount Prepayment Amounts may be offered with respect to different 

  
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Classes of Term Loans and, in such event, each such offer will be treated as a separate offer pursuant to the terms of this Section 2.05(1)(e)(B)), (III) the Specified
Discount Prepayment Amount shall be in an aggregate amount not less than $5.0 million and whole increments of $1.0 million in excess thereof and (IV) each such offer shall remain outstanding through the Specified Discount Prepayment
Response Date. The Auction Agent will promptly provide each Appropriate Lender with a copy of such Specified Discount Prepayment Notice and a form of the Specified Discount Prepayment Response to be completed and returned by each such Term Lender to
the Auction Agent (or its delegate) by no later than 5:00 p.m., New York time, on the third Business Day after the date of delivery of such notice to such Lenders (the “Specified Discount Prepayment Response Date”). 

(2) Each Term Lender receiving such offer shall notify the Auction Agent (or its delegate) by the Specified Discount
Prepayment Response Date whether or not it agrees to accept a prepayment of any of its applicable then outstanding Term Loans at the Specified Discount and, if so (such accepting Lender, a “Discount Prepayment Accepting Lender”),
the amount and the Classes of such Lender’s Term Loans to be prepaid at such offered discount. Each acceptance of a Discounted Term Loan Prepayment by a Discount Prepayment Accepting Lender shall be irrevocable. Any Term Lender whose Specified
Discount Prepayment Response is not received by the Auction Agent by the Specified Discount Prepayment Response Date shall be deemed to have declined to accept the applicable Borrower Offer of Specified Discount Prepayment. 

(3) If there is at least one Discount Prepayment Accepting Lender, the relevant Borrower Party will make a prepayment of
outstanding Term Loans pursuant to this paragraph (B) to each Discount Prepayment Accepting Lender in accordance with the respective outstanding amount and Classes of Term Loans specified in such Lender’s Specified Discount Prepayment
Response given pursuant to subsection (2) above; provided that if the aggregate principal amount of Term Loans accepted for prepayment by all Discount Prepayment Accepting Lenders exceeds the Specified Discount Prepayment Amount, such
prepayment shall be made pro rata among the Discount Prepayment Accepting Lenders in accordance with the respective principal amounts accepted to be prepaid by each such Discount Prepayment Accepting Lender and the Auction Agent (in consultation
with such Borrower Party and subject to rounding requirements of the Auction Agent made in its reasonable discretion) will calculate such proration (the “Specified Discount Proration”). The Auction

  
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Agent shall promptly, and in any case within three (3) Business Days following the Specified Discount Prepayment Response Date, notify (I) the relevant Borrower Party of the respective
Term Lenders’ responses to such offer, the Discounted Prepayment Effective Date and the aggregate principal amount of the Discounted Term Loan Prepayment and the Classes to be prepaid, (II) each Term Lender of the Discounted Prepayment
Effective Date, and the aggregate principal amount and the Classes of Term Loans to be prepaid at the Specified Discount on such date and (III) each Discount Prepayment Accepting Lender of the Specified Discount Proration, if any, and
confirmation of the principal amount, Class and Type of Term Loans of such Lender to be prepaid at the Specified Discount on such date. Each determination by the Auction Agent of the amounts stated in the foregoing notices to the applicable
Borrower Party and such Term Lenders shall be conclusive and binding for all purposes absent manifest error. The payment amount specified in such notice to the applicable Borrower Party shall be due and payable by such Borrower Party on the
Discounted Prepayment Effective Date in accordance with subsection (F) below (subject to subsection (J) below). 
 (C) 

(1) Subject to the proviso to subsection (A) above, any Borrower Party may from time to time solicit Discount Range
Prepayment Offers by providing the Auction Agent with five (5) Business Days’ notice (or such shorter period as agreed by the Auction Agent) in the form of a Discount Range Prepayment Notice; provided that (I) any such
solicitation shall be extended, at the sole discretion of such Borrower Party, to (x) each Term Lender or (y) each Term Lender with respect to any Class of Term Loans on an individual Class basis, (II) any such notice shall
specify the maximum aggregate principal amount of the relevant Term Loans (the “Discount Range Prepayment Amount”), the Class or Classes of Term Loans subject to such offer and the maximum and minimum percentage discounts to
par (the “Discount Range”) of the principal amount of such Term Loans with respect to each relevant Class of Term Loans willing to be prepaid by such Borrower Party (it being understood that different Discount Ranges or
Discount Range Prepayment Amounts may be offered with respect to different Classes of Term Loans and, in such event, each such offer will be treated as a separate offer pursuant to the terms of this Section 2.05(1)(e)(C)),
(III) the Discount Range Prepayment Amount shall be in an aggregate amount not less than $5.0 million and whole increments of $1.0 million in excess thereof and (IV) unless rescinded, each such solicitation by the applicable Borrower
Party shall remain outstanding through the Discount Range 

  
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Prepayment Response Date. The Auction Agent will promptly provide each Appropriate Lender with a copy of such Discount Range Prepayment Notice and a form of the Discount Range Prepayment Offer to
be submitted by a responding Term Lender to the Auction Agent (or its delegate) by no later than 5:00 p.m., New York time, on the third Business Day after the date of delivery of such notice to such Lenders (the “Discount Range Prepayment
Response Date”). Each Term Lender’s Discount Range Prepayment Offer shall be irrevocable and shall specify a discount to par within the Discount Range (the “Submitted Discount”) at which such Lender is willing to allow
prepayment of any or all of its then outstanding Term Loans of the applicable Class or Classes and the maximum aggregate principal amount and Classes of such Lender’s Term Loans (the “Submitted Amount”) such Term Lender is
willing to have prepaid at the Submitted Discount. Any Term Lender whose Discount Range Prepayment Offer is not received by the Auction Agent by the Discount Range Prepayment Response Date shall be deemed to have declined to accept a Discounted Term
Loan Prepayment of any of its Term Loans at any discount to their par value within the Discount Range. 
 (2) The Auction
Agent shall review all Discount Range Prepayment Offers received on or before the applicable Discount Range Prepayment Response Date and shall determine (in consultation with such Borrower Party and subject to rounding requirements of the Auction
Agent made in its sole reasonable discretion) the Applicable Discount and Term Loans to be prepaid at such Applicable Discount in accordance with this subsection (C). The relevant Borrower Party agrees to accept on the Discount Range Prepayment
Response Date all Discount Range Prepayment Offers received by the Auction Agent by the Discount Range Prepayment Response Date, in the order from the Submitted Discount that is the largest discount to par to the Submitted Discount that is the
smallest discount to par, up to and including the Submitted Discount that is the smallest discount to par within the Discount Range (such Submitted Discount that is the smallest discount to par within the Discount Range being referred to as the
“Applicable Discount”) which yields a Discounted Term Loan Prepayment in an aggregate principal amount equal to the lower of (I) the Discount Range Prepayment Amount and (II) the sum of all Submitted Amounts. Each Term
Lender that has submitted a Discount Range Prepayment Offer to accept prepayment at a discount to par that is larger than or equal to the Applicable Discount shall be deemed to have irrevocably consented to prepayment of Term Loans equal to its
Submitted Amount (subject to any required proration pursuant to the following subsection (3)) at the Applicable Discount (each such Term Lender, a “Participating Lender”). 

  
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 (3) If there is at least one Participating Lender, the relevant Borrower
Party will prepay the respective outstanding Term Loans of each Participating Lender in the aggregate principal amount and of the Classes specified in such Lender’s Discount Range Prepayment Offer at the Applicable Discount; provided
that if the Submitted Amount by all Participating Lenders offered at a discount to par greater than the Applicable Discount exceeds the Discount Range Prepayment Amount, prepayment of the principal amount of the relevant Term Loans for those
Participating Lenders whose Submitted Discount is a discount to par greater than or equal to the Applicable Discount (the “Identified Participating Lenders”) shall be made pro rata among the Identified Participating Lenders in
accordance with the Submitted Amount of each such Identified Participating Lender and the Auction Agent (in consultation with such Borrower Party and subject to rounding requirements of the Auction Agent made in its sole reasonable discretion) will
calculate such proration (the “Discount Range Proration”). The Auction Agent shall promptly, and in any case within five (5) Business Days following the Discount Range Prepayment Response Date, notify (I) the relevant
Borrower Party of the respective Term Lenders’ responses to such solicitation, the Discounted Prepayment Effective Date, the Applicable Discount, the aggregate principal amount of the Discounted Term Loan Prepayment and the Classes to be
prepaid, (II) each Term Lender of the Discounted Prepayment Effective Date, the Applicable Discount and the aggregate principal amount and Classes of Term Loans to be prepaid at the Applicable Discount on such date, (III) each
Participating Lender of the aggregate principal amount and Classes of such Term Lender to be prepaid at the Applicable Discount on such date and (IV) if applicable, each Identified Participating Lender of the Discount Range Proration. Each
determination by the Auction Agent of the amounts stated in the foregoing notices to the relevant Borrower Party and Term Lenders shall be conclusive and binding for all purposes absent manifest error. The payment amount specified in such notice to
the applicable Borrower Party shall be due and payable by such Borrower Party on the Discounted Prepayment Effective Date in accordance with subsection (F) below (subject to subsection (J) below). 

(D) 
 (1)
Subject to the proviso to subsection (A) above, any Borrower Party may from time to time solicit Solicited Discounted Prepayment Offers by providing the Auction Agent with five (5) Business Days’ notice in the form of a Solicited
Discounted Prepayment Notice (or such later notice specified therein); provided that (I) any such solicitation shall be extended, at the sole discretion 

  
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of such Borrower Party, to (x) each Term Lender or (y) each Lender with respect to any Class of Term Loans on an individual Class basis, (II) any such notice shall
specify the maximum aggregate amount of the Term Loans (the “Solicited Discounted Prepayment Amount”) and the Class or Classes of Term Loans the applicable Borrower Party is willing to prepay at a discount (it being understood
that different Solicited Discounted Prepayment Amounts may be offered with respect to different Classes of Term Loans and, in such event, each such offer will be treated as a separate offer pursuant to the terms of this
Section 2.05(1)(e)(D)), (III) the Solicited Discounted Prepayment Amount shall be in an aggregate amount not less than $5.0 million and whole increments of $1.0 million in excess thereof and (IV) unless
rescinded, each such solicitation by the applicable Borrower Party shall remain outstanding through the Solicited Discounted Prepayment Response Date. The Auction Agent will promptly provide each Appropriate Lender with a copy of such Solicited
Discounted Prepayment Notice and a form of the Solicited Discounted Prepayment Offer to be submitted by a responding Lender to the Auction Agent (or its delegate) by no later than 5:00 p.m., New York time, on the third Business Day after the date of
delivery of such notice to such Term Lenders (the “Solicited Discounted Prepayment Response Date”). Each Term Lender’s Solicited Discounted Prepayment Offer shall (x) be irrevocable, (y) remain outstanding until the
Acceptance Date and (z) specify both a discount to par (the “Offered Discount”) at which such Term Lender is willing to allow prepayment of its then outstanding Term Loan and the maximum aggregate principal amount and Classes
of such Term Loans (the “Offered Amount”) such Term Lender is willing to have prepaid at the Offered Discount. Any Term Lender whose Solicited Discounted Prepayment Offer is not received by the Auction Agent by the Solicited
Discounted Prepayment Response Date shall be deemed to have declined prepayment of any of its Term Loans at any discount. 

(2) The Auction Agent shall promptly provide the relevant Borrower Party with a copy of all Solicited Discounted Prepayment
Offers received on or before the Solicited Discounted Prepayment Response Date. Such Borrower Party shall review all such Solicited Discounted Prepayment Offers and select the largest of the Offered Discounts specified by the relevant responding
Term Lenders in the Solicited Discounted Prepayment Offers that is acceptable to the applicable Borrower Party (the “Acceptable Discount”), if any. If the applicable Borrower Party elects to accept any Offered Discount as the
Acceptable Discount, then as soon as practicable after the determination of the Acceptable Discount, but in no event later than by the third Business Day after the date of 

  
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receipt by such Borrower Party from the Auction Agent of a copy of all Solicited Discounted Prepayment Offers pursuant to the first sentence of this subsection (2) (the “Acceptance
Date”), the applicable Borrower Party shall submit an Acceptance and Prepayment Notice to the Auction Agent setting forth the Acceptable Discount. If the Auction Agent shall fail to receive an Acceptance and Prepayment Notice from the
applicable Borrower Party by the Acceptance Date, such Borrower Party shall be deemed to have rejected all Solicited Discounted Prepayment Offers. 

(3) Based upon the Acceptable Discount and the Solicited Discounted Prepayment Offers received by the Auction Agent by the
Solicited Discounted Prepayment Response Date, within three (3) Business Days after receipt of an Acceptance and Prepayment Notice (the “Discounted Prepayment Determination Date”), the Auction Agent will determine (in
consultation with the consent of such Borrower Party and subject to rounding requirements of the Auction Agent made in its sole reasonable discretion) the aggregate principal amount and the Classes of Term Loans (the “Acceptable Prepayment
Amount”) to be prepaid by the relevant Borrower Party at the Acceptable Discount in accordance with this Section 2.05(1)(e)(D). If the applicable Borrower Party elects to accept any Acceptable Discount, then such
Borrower Party agrees to accept all Solicited Discounted Prepayment Offers received by the Auction Agent by the Solicited Discounted Prepayment Response Date, in the order from largest Offered Discount to smallest Offered Discount, up to and
including the Acceptable Discount. Each Term Lender that has submitted a Solicited Discounted Prepayment Offer with an Offered Discount that is greater than or equal to the Acceptable Discount shall be deemed to have irrevocably consented to
prepayment of Term Loans equal to its Offered Amount (subject to any required pro-rata reduction pursuant to the following sentence) at the Acceptable Discount (each such Lender, a “Qualifying
Lender”). The applicable Borrower Party will prepay outstanding Term Loans pursuant to this subsection (D) to each Qualifying Lender in the aggregate principal amount and of the Classes specified in such Lender’s Solicited
Discounted Prepayment Offer at the Acceptable Discount; provided that if the aggregate Offered Amount by all Qualifying Lenders whose Offered Discount is greater than or equal to the Acceptable Discount exceeds the Solicited Discounted
Prepayment Amount, prepayment of the principal amount of the Term Loans for those Qualifying Lenders whose Offered Discount is greater than or equal to the Acceptable Discount (the “Identified Qualifying Lenders”) shall be made pro
rata among the Identified Qualifying Lenders in accordance with the Offered Amount of each such Identified Qualifying Lender and the Auction Agent (in 

  
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consultation with such Borrower Party and subject to rounding requirements of the Auction Agent made in its sole reasonable discretion) will calculate such proration (the “Solicited
Discount Proration”). On or prior to the Discounted Prepayment Determination Date, the Auction Agent shall promptly notify (I) the relevant Borrower Party of the Discounted Prepayment Effective Date and Acceptable Prepayment Amount
comprising the Discounted Term Loan Prepayment and the Classes to be prepaid, (II) each Term Lender of the Discounted Prepayment Effective Date, the Acceptable Discount, and the Acceptable Prepayment Amount of all Term Loans and the Classes to
be prepaid to be prepaid at the Applicable Discount on such date, (III) each Qualifying Lender of the aggregate principal amount and the Classes of such Term Lender to be prepaid at the Acceptable Discount on such date, and (IV) if
applicable, each Identified Qualifying Lender of the Solicited Discount Proration. Each determination by the Auction Agent of the amounts stated in the foregoing notices to such Borrower Party and Term Lenders shall be conclusive and binding for all
purposes absent manifest error. The payment amount specified in such notice to such Borrower Party shall be due and payable by such Borrower Party on the Discounted Prepayment Effective Date in accordance with subsection (F) below (subject to
subsection (J) below). 
 (E) In connection with any Discounted Term Loan Prepayment, the Borrower Parties and the Term
Lenders acknowledge and agree that the Auction Agent may require, as a condition to the applicable Discounted Term Loan Prepayment, the payment of customary fees and expenses from a Borrower Party to such Auction Agent for its own account in
connection therewith. 
 (F) If any Term Loan is prepaid in accordance with subsections (B) through (D) above, a
Borrower Party shall prepay such Term Loans on the Discounted Prepayment Effective Date. The relevant Borrower Party shall make such prepayment to the Administrative Agent, for the account of the Discount Prepayment Accepting Lenders, Participating
Lenders, or Qualifying Lenders, as applicable, at the Administrative Agent’s Office in immediately available funds not later than 1:00 p.m., New York time, on the Discounted Prepayment Effective Date and all such prepayments shall be applied to
the relevant Class(es) and Lenders as specified by the applicable Borrower Party in the applicable offer. The Term Loans so prepaid shall be accompanied by all accrued and unpaid interest on the par principal amount so prepaid up to, but not
including, the Discounted Prepayment Effective Date. Each prepayment of the outstanding Term Loans pursuant to this Section 2.05(1)(e) shall be paid to the Discount Prepayment Accepting Lenders, Participating Lenders, or
Qualifying Lenders, as applicable, and shall be applied to the relevant Loans 

  
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of such Lenders in accordance with their respective applicable share as calculated by the Auction Agent in accordance with this Section 2.05(1)(e). The aggregate
principal amount of the Classes and installments of the relevant Term Loans outstanding shall be deemed reduced by the full par value of the aggregate principal amount of the Classes of Term Loans prepaid on the Discounted Prepayment Effective Date
in any Discounted Term Loan Prepayment. In connection with each prepayment pursuant to this Section 2.05(1)(e), the relevant Borrower Party shall make a representation to the assigning or assignee Term Lenders, as
applicable, that it does not possess material non-public information with respect to the Borrower and its Subsidiaries or the securities of any of them that has not been disclosed to the Term Lenders generally
(other than Term Lenders that have elected not to receive such information) or shall make a statement that such representation cannot be made. 

(G) To the extent not expressly provided for herein, each Discounted Term Loan Prepayment shall be consummated pursuant to
procedures consistent with the provisions in this Section 2.05(1)(e), established by the Auction Agent acting in its reasonable discretion and as reasonably agreed by the applicable Borrower Party. 

(H) Notwithstanding anything in any Loan Document to the contrary, for purposes of this
Section 2.05(1)(e), each notice or other communication required to be delivered or otherwise provided to the Auction Agent (or its delegate) shall be deemed to have been given upon Auction Agent’s (or its
delegate’s) actual receipt during normal business hours of such notice or communication; provided that any notice or communication actually received outside of normal business hours shall be deemed to have been given as of the opening of
business on the next succeeding Business Day. 
 (I) Each of the Borrower Parties and the Term Lenders acknowledge and agree
that the Auction Agent may perform any and all of its duties under this Section 2.05(1)(e) by itself or through any Affiliate of the Auction Agent and expressly consents to any such delegation of duties by the Auction Agent
to such Affiliate and the performance of such delegated duties by such Affiliate. The exculpatory provisions pursuant to this Agreement shall apply to each Affiliate of the Auction Agent and its respective activities in connection with any
Discounted Term Loan Prepayment provided for in this Section 2.05(1)(e) as well as activities of the Auction Agent. 

(J) Each Borrower Party shall have the right, by written notice to the Auction Agent, to revoke in full (but not in part) its
offer to make a Discounted Term Loan Prepayment and rescind the applicable Specified Discount Prepayment Notice, Discount Range Prepayment Notice or Solicited Discounted Prepayment Notice therefor at its discretion at any

  
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time on or prior to the applicable Specified Discount Prepayment Response Date, Discount Range Prepayment Response Date or Solicited Discounted Prepayment Response Date (and if such offer is
revoked pursuant to the preceding clauses, any failure by such Borrower Party to make any prepayment to a Lender, as applicable, pursuant to this Section 2.05(1)(e) shall not constitute a Default or Event of Default under
Section 8.01 or otherwise). 
 (K) The Administrative Agent (i) shall not be required to
serve as the Auction Agent or have any other obligations to participate in (other than mechanical administrative duties), or facilitate any Discounted Term Loan Prepayment unless it is reasonably satisfied with the terms and restrictions thereof and
(ii) shall not have any obligation to participate in, arrange, sell or otherwise facilitate, and will have no liability in connection with, any open market repurchases by Holdings, the Borrower or any of its Restricted Subsidiaries. 

(2) Mandatory. 

(a) Within five (5) Business Days after the Compliance Certificate has been delivered pursuant to Section 6.02(1),
commencing with delivery of financial statements for the fiscal year ended on or about January 31, 2023 and for each fiscal year thereafter, the Borrower shall, subject to clause (g) of this Section 2.05(2), prepay, or cause to be
prepaid, an aggregate principal amount of Term Loans equal to 50% (such percentage as it may be reduced as described below, the “ECF Percentage”) of Excess Cash Flow for the fiscal year covered by such financial statements (if
Excess Cash Flow for such fiscal year is not less than $10.0 million) (such payment, the “ECF Payment”) minus: 

(i) the sum of all voluntary prepayments of Term Loans made pursuant to Sections 2.05(1)(a) and 2.05(1)(e) (in an amount,
in the case of prepayments pursuant to Section 2.05(1)(e), equal to the face amount of debt prepaid in respect of the principal amount of such Term Loans and only to the extent that such Loans have been cancelled) (including prepayments made
after the end of the fiscal year covered by the relevant financial statements but prior to the making of such ECF Payment (such payments, the “After Year-End Payment”)) (provided that,
(x) for the avoidance of doubt, any such voluntary prepayments that have not been applied to reduce the payments which may be due from time to time pursuant to this Section 2.05(2)(a) shall be carried over to subsequent periods and may
reduce the ECF Payment during such subsequent periods until such time as such voluntary prepayments reduce such payments which may be due from time to time, which such amount to be applied as set forth in Section 2.05(2)(g) below) and
(y) in the event that in any fiscal period the applicable prepayment required pursuant to this Section 2.05(2)(a) is less than zero (such negative amount being, “Negative Excess Cash Flow Amount”) (such Negative Excess
Cash Flow Amount shall be applied to reduce the required excess cash flow prepayment required pursuant to this Section 2.05(2)(a) for the subsequent fiscal year), 

  
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 (ii) the sum of all voluntary prepayments of Credit Agreement Refinancing
Indebtedness, Permitted Incremental Equivalent Debt, Permitted Ratio Debt or Acquisition Debt, in each case to the extent secured in whole or in part on a pari passu basis with the Closing Date Term Loans (including, to the extent prepaid
pursuant to an After Year-End Payment) (provided that, for the avoidance of doubt, any such voluntary prepayments that have not been applied to reduce the payments which may be due from time to time
pursuant to this Section 2.05(2)(a) shall be carried over to subsequent periods and may reduce the ECF Payment during such subsequent periods until such time as such voluntary prepayments reduce such payments which may be due from time to time,
which such amount to be applied as set forth in Section 2.05(2)(g) below), 
 (iii) [reserved] 

(iv) the sum of all voluntary prepayments of Indebtedness in respect of the ABL Facility (including any Refinancing
Indebtedness in respect thereof) or any Indebtedness under any other revolving facility that is secured, in whole or in part, on a pari passu basis with ABL Facility or the Closing Date Term Loans (in each case of this clause (iv), to the
extent accompanied by a permanent reduction in the corresponding ABL Commitments or other revolving commitments) (in each case, including to the extent prepaid pursuant to an After Year-End Payment), in the
case of each of the immediately preceding clauses (i), (ii) and (iii) and the succeeding clause (v), made during such fiscal year (without duplication of any prepayments in such fiscal year that reduced the amount of Excess Cash Flow required
to be repaid pursuant to this Section 2.05(2)(a) for any prior fiscal year) or in connection with an After Year-End Payment, and in each case to the extent such prepayments are not
funded with the proceeds of Funded Debt (other than borrowings under the ABL Facility or other revolving loans) or any Specified Equity Contributions (provided that, for the avoidance of doubt, any such voluntary prepayments that have not
been applied to reduce the payments which may be due from time to time pursuant to this Section 2.05(2)(a) shall be carried over to subsequent periods and may reduce the ECF Payment during such subsequent periods until such
time as such voluntary prepayments reduce such payments which may be due from time to time, which such amount to be applied as set forth in Section 2.05(2)(g) below); 

provided that the ECF Percentage for any fiscal year shall be (x) 25% if the First Lien Net Leverage Ratio as of the end of such fiscal year was less
than or equal to 1.75 to 1.00 and greater than 1.50 to 1.00 and (y) 0% if the First Lien Net Leverage Ratio as of the end of such fiscal year was less than or equal to 1.50 to 1.00 (and it being understood that following the making of any After Year-End Payment, (i) the First Lien Net Leverage Ratio shall be recalculated giving pro forma effect to such After Year-End Payment as if such payment were made
during the fiscal year of the applicable ECF Payment and the ECF Percentage for purposes of making such ECF Payment shall be determined by reference to the First Lien Net Leverage Ratio after giving effect to such recalculation and (ii) if such
After Year-End Payment is taken into account for such calculation, the After Year-End Payment shall not be applied to the calculation of the First Lien Net Leverage
Ratio for purposes of determining the ECF Percentage for any subsequent ECF Payment); 

  
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 provided further that: 

(A) if at the time that any such prepayment would be required, the Borrower (or any Restricted Subsidiary) is required to
discharge Other Applicable Indebtedness with Other Applicable ECF pursuant to the terms of the documentation governing such Indebtedness, then the Borrower (or any Restricted Subsidiary) may apply such Excess Cash Flow on a pro rata basis
(determined on the basis of the aggregate outstanding principal amount of the Term Loans and Other Applicable Indebtedness requiring such discharge at such time); 

(B) the portion of such Excess Cash Flow allocated to the Other Applicable Indebtedness shall not exceed the amount of such
Other Applicable ECF required to be allocated to the Other Applicable Indebtedness pursuant to the terms thereof, and the remaining amount, if any, of such Excess Cash Flow shall be allocated to the Term Loans in accordance with the terms hereof, to
the prepayment of the Term Loans and to the repurchase or prepayment of Other Applicable Indebtedness, and the amount of prepayment of the Term Loans that would have otherwise been required pursuant to this
Section 2.05(2)(a) shall be reduced accordingly; and 
 (C) to the extent the lenders or holders
of Other Applicable Indebtedness decline to have such Indebtedness repurchased or prepaid with such portion of Excess Cash Flow, the declined amount shall promptly (and in any event within ten (10) Business Days after the date of such
rejection) be applied to prepay the Term Loans to the extent required in accordance with the terms of this Section 2.05(2)(a). 

(b) (i) If (x) the Borrower or any Restricted Subsidiary makes an Asset Sale or (y) any Casualty Event occurs, which
results in the realization or receipt by the Borrower or such Restricted Subsidiary of Net Proceeds (other than ABL Priority Collateral), the Borrower shall prepay, or cause to be prepaid, on or prior to the date which is ten (10) Business Days
after the date of the realization or receipt by the Borrower or such Restricted Subsidiary of such Net Proceeds, subject to clause (ii) of this Section 2.05(2)(b) and clauses (2)(g) and (g) of this
Section 2.05, an aggregate principal amount of Term Loans equal to 100% of all Net Proceeds realized or received; provided that no prepayment shall be required pursuant to this Section 2.05(2)(b)(i) with respect
to such portion of such Net Proceeds that the Borrower shall have, on or prior to such date, given written notice (which may be by email) to the Administrative Agent of its intent to reinvest in accordance with
Section 2.05(2)(b)(ii); provided further that 

  
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 (A) if at the time that any such prepayment would be required, the Borrower
(or any Restricted Subsidiary) is required to discharge any Other Applicable Indebtedness with Other Applicable Net Proceeds pursuant to the terms of the documentation governing such Indebtedness, then the Borrower (or any Restricted Subsidiary) may
apply such Net Proceeds on a pro rata basis (determined on the basis of the aggregate outstanding principal amount of the Term Loans and Other Applicable Indebtedness requiring such discharge at such time); 

(B) the portion of such Net Proceeds allocated to the Other Applicable Indebtedness shall not exceed the amount of such Other
Applicable Net Proceeds required to be allocated to the Other Applicable Indebtedness pursuant to the terms thereof, and the remaining amount, if any, of such Net Proceeds shall be allocated to the Term Loans in accordance with the terms hereof, to
the prepayment of the Term Loans and to the repurchase or prepayment of Other Applicable Indebtedness, and the amount of prepayment of the Term Loans that would have otherwise been required pursuant to this Section 2.05(2)(b)(i) shall be
reduced accordingly; and 
 (C) to the extent the holders of Other Applicable Indebtedness decline to have such Indebtedness
repurchased or prepaid with such portion of such Net Proceeds, the declined amount shall promptly (and in any event within ten (10) Business Days after the date of such rejection) be applied to prepay the Term Loans in accordance with the terms
hereof; provided further that no prepayment shall be required pursuant to this Section 2.05(2)(b)(i) with respect to such portion of such Net Proceeds that the Borrower shall have, on or prior to such date, given
written notice to the Administrative Agent of its intent to reinvest (or entered into a binding commitment to reinvest) in accordance with Section 2.05(2)(b)(ii). 

(ii) With respect to any Net Proceeds realized or received with respect to any Asset Sale or any Casualty Event, the Borrower
or any Restricted Subsidiary, at its option, may reinvest all or any portion of such Net Proceeds in the business of the Borrower and its Restricted Subsidiaries (including, Permitted Acquisitions (and similar Investments) and capital expenditures
that have already occurred within such period) within (x) twelve (12) months following receipt of such Net Proceeds or (y) if the Borrower or any Restricted Subsidiary enters into a legally binding commitment to reinvest such Net Proceeds
within twelve (12) months following receipt thereof, within the later of (A) twelve (12) months following receipt thereof and (B) one hundred eighty (180) days of the date of such legally binding commitment; provided that
if any Net Proceeds are no longer intended to be or cannot be so reinvested at any time after delivery of a notice of reinvestment election, and subject to clauses (g) and (h) of this Section 2.05(2), an amount equal
to any such Net Proceeds shall be applied within five (5) Business Days after the Borrower reasonably determines that such Net Proceeds are no longer intended to be or cannot be so reinvested to the prepayment of the Term Loans as set forth in
this Section 2.05. 
 (c) [Reserved]. 

  
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 (d) If the Borrower or any Restricted Subsidiary incurs or issues any
Indebtedness (A) not expressly permitted to be incurred or issued pursuant to Section 7.02(b) or (B) that constitutes Credit Agreement Refinancing Indebtedness or Refinancing Loans, the Borrower shall prepay, or cause to be prepaid,
an aggregate principal amount of Term Loans of any Class or Classes (in each case, as directed by the Borrower) equal to 100% of all Net Proceeds received therefrom on or prior to the date which is five (5) Business Days after the receipt
by the Borrower or such Restricted Subsidiary of such Net Proceeds. 
 (e) Except as otherwise set forth in any Refinancing
Amendment, Extension Amendment or Incremental Amendment, 
 (i) each prepayment of Term Loans required by
Sections 2.05(2)(a) through (b) shall be applied to each Class of Term Loans then outstanding on a pro rata basis or a less than pro rata basis (but not greater than pro rata basis) with any
other Term Loans (in each case, other than pursuant to a refinancing); 
 (ii) with respect to each Class of Loans, each
prepayment pursuant to clauses (a) through (b) of Section 2.05(2) shall be applied as the Borrower may direct and otherwise to remaining scheduled installments of principal thereof following the date of prepayment in
direct order of maturity; 
 (iii) each prepayment of Term Loans required by Section 2.05(2)(d),
(a) to the extent constituting Credit Agreement Refinancing Indebtedness shall be applied in the manner directed by the Borrower to the applicable Class of Loans being refinanced and (b) to the extent constituting Indebtedness not
expressly permitted to be incurred or issued pursuant to Section 7.02(b) shall be applied in the manner directed by the Borrower; and 

(iv) each such prepayment shall be paid to the Lenders in accordance with their respective Pro Rata Shares of such prepayment;

 provided that with respect to the allocation of such prepayments under this clause (e) between a Class of existing Loans and a
Class of Extended Loans, the Borrower may allocate such prepayments as the Borrower may specify, subject to the limitation that the Borrower may not allocate to such Extended Loans any such mandatory prepayment (other than in the case of a
refinancing of Extended Loans) unless such prepayment under this clause (e) is accompanied by at least a pro rata prepayment, based upon the applicable remaining scheduled installments of principal due in respect thereof, of the Term
Loans of the same Class, if any, from which such Extended Loans were converted or exchanged (or such Term Loans of the existing Loan Class have otherwise been repaid in full). 

(f) [Reserved]. 

(g) The Borrower shall notify the Administrative Agent in writing of any mandatory prepayment of Term Loans required to be made
pursuant to clauses (a) through (d) of this Section 2.05(2) at least three (3) Business Days prior to the date of such prepayment. Each such notice shall specify the date of such prepayment and provide a

  
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reasonably detailed calculation of the aggregate amount of such prepayment to be made by the Borrower. The Administrative Agent will promptly notify each Appropriate Lender of the contents of the
Borrower’s prepayment notice and of such Appropriate Lender’s Pro Rata Share of the prepayment or other applicable share provided for under this Agreement. Each Term Lender may reject all or a portion of its Pro Rata Share, or other
applicable share provided for under this Agreement, of any mandatory prepayment (such declined amounts, the “Declined Proceeds”) of Term Loans required to be made pursuant to clauses (a) and (b) of this Section 2.05(2) by
providing written notice (each, a “Rejection Notice”) to the Administrative Agent and the Borrower no later than 5:00 p.m., New York time, two (2) Business Days after the date of such Lender’s receipt of notice from the
Administrative Agent regarding such prepayment. Each Rejection Notice from a given Lender shall specify the principal amount of the mandatory repayment of Term Loans to be rejected by such Lender. If a Term Lender fails to deliver a Rejection Notice
to the Administrative Agent within the time frame specified above or such Rejection Notice fails to specify the principal amount of the Term Loans to be rejected, any such failure will be deemed an acceptance of the total amount of such mandatory
prepayment of Term Loans. Any Declined Proceeds remaining shall be retained by the Borrower (or the applicable Restricted Subsidiary) and may be applied by the Borrower or such Restricted Subsidiary in any manner not prohibited by this Agreement.

 (h) Notwithstanding any other provisions of this Section 2.05(2), (A) to the extent that any or
all of the Net Proceeds of any Asset Sale by a Foreign Subsidiary giving rise to a prepayment event pursuant to Section 2.05(2)(b) (a “Foreign Asset Sale”), the Net Proceeds of any Casualty Event from a
Foreign Subsidiary (a “Foreign Casualty Event”), or all or a portion of Excess Cash Flow are prohibited or delayed by applicable local law from being repatriated to the United States, the portion of such Net Proceeds or Excess Cash
Flow so affected will not be required to be applied to repay Term Loans at the times provided in this Section 2.05(2) but may be retained by the applicable Foreign Subsidiary so long, but only so long, as the applicable
local law will not permit repatriation to the United States (the Borrower hereby agreeing to cause the applicable Foreign Subsidiary to promptly take all commercially reasonable actions available under the applicable local law for a period of one
year from the date of the event or calculation giving rise to such repatriation to permit such repatriation), and once such repatriation of any of such affected Net Proceeds or Excess Cash Flow is permitted under the applicable local law such
repatriation will be promptly effected and an amount equal to such repatriated Net Proceeds or Excess Cash Flow will be promptly (and in any event not later than two (2) Business Days after such repatriation) applied (net of additional taxes
payable or reserved against as a result thereof) to the repayment of the Term Loans pursuant to this Section 2.05(2) to the extent otherwise provided herein and (B) to the extent that the Borrower has determined in
good faith that repatriation of any or all or the Net Proceeds of any Foreign Asset Sale or Foreign Casualty Event or Excess Cash Flow would have a material adverse tax consequence (taking into account any foreign tax credit or benefit actually
realized in connection with such repatriation) with respect to such Net Proceeds or Excess Cash Flow, the Net Proceeds or Excess Cash Flow so affected may be retained by the applicable Foreign Subsidiary. 

  
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 (i) Interest, Funding Losses, etc. All prepayments under this
Section 2.05 shall be accompanied by all accrued interest thereon, together with, in the case of any such prepayment of a Eurodollar Rate Loan on a date prior to the last day of an Interest Period therefor, any amounts
owing in respect of such Eurodollar Rate Loan pursuant to Section 3.05. 
 Notwithstanding any of the other provisions of this
Section 2.05, so long as no Event of Default shall have occurred and be continuing, if any prepayment of Eurodollar Rate Loans is required to be made under this Section 2.05 prior to the last day of the Interest Period
therefor, in lieu of making any payment pursuant to this Section 2.05 in respect of any such Eurodollar Rate Loan prior to the last day of the Interest Period therefor, the Borrower may, in its discretion, deposit an amount sufficient to make
any such prepayment otherwise required to be made thereunder together with accrued interest to the last day of such Interest Period into a Cash Collateral Account until the last day of such Interest Period, at which time the Administrative Agent
shall be authorized (without any further action by or notice to or from the Borrower or any other Loan Party) to apply such amount to the prepayment of such Loans in accordance with this Section 2.05. Upon the occurrence
and during the continuance of any Event of Default, the Administrative Agent shall also be authorized (without any further action by or notice to or from the Borrower or any other Loan Party) to apply such amount to the prepayment of the outstanding
Loans in accordance with the relevant provisions of this Section 2.05. Such deposit shall be deemed to be a prepayment of such Loans by the Borrower for all purposes under this Agreement. 

Section 2.06 Termination or Reduction of Commitments. 

(1) Optional. The Borrower may, upon written notice by the Borrower to the Administrative Agent, terminate the unused Commitments of any
Class, or from time to time permanently reduce the unused Commitments of any Class, in each case without premium or penalty; provided that: 

(a) any such notice shall be received by the Administrative Agent three (3) Business Days prior to the date of termination
or reduction, and 
 (b) any such partial reduction shall be in an aggregate amount of $5.0 million or any whole
multiple of $1.0 million in excess thereof or, if less, the entire amount thereof. 
 (2) Mandatory. The Closing Date Term
Commitment of each Term Lender on the Closing Date shall be automatically and permanently reduced to $0 upon the making of such Lender’s Closing Date Term Loans to the Borrower pursuant to Section 2.01(1). 

(3) Application of Commitment Reductions. Upon any reduction of unused Commitments of any Class, the Commitment of each Lender of such
Class shall be reduced by such Lender’s Pro Rata Share or other applicable share provided for under this Agreement of the amount by which such Commitments are reduced (other than the termination of the Commitment of any Lender as provided
in Section 3.07). 

  
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 Section 2.07 Repayment of Loans. The Borrower shall repay to the Administrative
Agent for the ratable account of the Appropriate Lenders (a) on the last Business Day of each fiscal quarter, commencing with the last Business Day of the second full fiscal quarter following the Closing Date, an aggregate principal amount
equal to 1.25% of the aggregate principal amount of all Closing Date Term Loans outstanding on the Closing Date (which payments shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in
Section 2.05) and (b) on the Maturity Date for the Closing Date Term Loans, the aggregate principal amount of all Closing Date Term Loans outstanding on such date. In connection with any Incremental Term Loans that
constitute part of the same Class as the Closing Date Term Loans, the Borrower and the Administrative Agent shall be permitted to adjust the rate of prepayment in respect of such Class such that the Term Lenders holding Closing Date Term
Loans comprising part of such Class continue to receive a payment that is not less than the same dollar amount that such Term Lenders would have received absent the incurrence of such Incremental Term Loans. 

Section 2.08 Interest. 

(1) Subject to the provisions of Section 2.08(2), (a) each Eurodollar Rate Loan shall bear interest on the
outstanding principal amount thereof for each Interest Period at a rate per annum equal to the Adjusted Eurodollar Rate for such Interest Period, respectively, plus the Applicable Rate and (b) each Base Rate Loan shall bear interest on
the outstanding principal amount thereof from the applicable Borrowing date at a rate per annum equal to the Base Rate, plus the Applicable Rate. 

(2) During the continuance of an Event of Default pursuant to Section 8.01(1) or 8.01(6) (solely with respect to
Holdings and the Borrower), the Borrower shall pay interest on past due amounts hereunder at a fluctuating interest rate per annum at all times equal to the Default Rate to the fullest extent permitted by applicable Laws; provided that no
interest at the Default Rate shall accrue or be payable to a Defaulting Lender so long as such Lender shall be a Defaulting Lender. Accrued and unpaid interest on past due amounts (including interest on past due interest) shall be due and payable
upon demand. 
 (3) Interest on each Loan shall be due and payable in arrears on each Interest Payment Date applicable thereto and at such
other times as may be specified herein. Interest hereunder shall be due and payable in accordance with the terms hereof before and after judgment, and before and after the commencement of any proceeding under any Debtor Relief Law. 

Section 2.09 Fees. The Borrower shall pay to the Agents such fees as shall have been separately agreed upon in writing in the
amounts and at the times so specified. Such fees shall be fully earned when paid and shall not be refundable for any reason whatsoever (except as expressly agreed between the Borrower and the applicable Agent). 

Section 2.10 Computation of Interest and Fees. All computations of interest for Base Rate Loans shall be made on the basis of a
year of 365 days or 366 days, as the case may be, and actual days elapsed. All other computations of fees and interest shall be made on the basis of a 360-day year and actual days elapsed. Interest shall
accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid; provided that any Loan that is repaid on the same day on which it is
made shall, subject to Section 2.12(1), bear interest for one day. Each determination by the Administrative Agent of an interest rate or fee hereunder shall be conclusive and binding for all purposes, absent manifest error.

  
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 Section 2.11 Evidence of Indebtedness. 

(1) The Term Borrowings made by each Lender shall be evidenced by one or more accounts or records maintained by such Lender and evidenced by
one or more entries in the Register maintained by the Administrative Agent, acting solely for purposes of Treasury Regulation Section 5f.103-1(c), as agent for the Borrower, in each case in the ordinary
course of business. The accounts or records maintained by the Administrative Agent and each Lender shall be prima facie evidence absent manifest error of the amount of the Term Borrowings made by the Lenders to the Borrower and the interest and
payments thereon. Any failure to so record or any error in doing so shall not, however, limit or otherwise affect the obligation of the Borrower hereunder to pay any amount owing with respect to the Obligations. In the event of any conflict between
the accounts and records maintained by any Lender and the accounts and records of the Administrative Agent, as set forth in the Register, in respect of such matters, the accounts and records of the Administrative Agent shall control in the absence
of manifest error. Upon the request of any Lender made through the Administrative Agent, the Borrower shall execute and deliver to such Lender (through the Administrative Agent) a Term Note payable to such Lender, which shall evidence such
Lender’s Loans in addition to such accounts or records. Each Lender may attach schedules to its Term Note and endorse thereon the date, Type (if applicable), amount and maturity of its Loans and payments with respect thereto. 

(2) [Reserved]. 
 (3) Entries
made in good faith by the Administrative Agent in the Register pursuant to Section 2.11(1), and by each Lender in its account or accounts pursuant to Section 2.11(1), shall be prima facie evidence
of the amount of principal and interest due and payable or to become due and payable from the Borrower to, in the case of the Register, each Lender and, in the case of such account or accounts, such Lender, under this Agreement and the other Loan
Documents, absent manifest error; provided that the failure of the Administrative Agent or such Lender to make an entry, or any finding that an entry is incorrect, in the Register or such account or accounts shall not limit or otherwise
affect the obligations of the Borrower under this Agreement and the other Loan Documents. 
 Section 2.12 Payments Generally.

 (1) All payments to be made by the Borrower shall be made without condition or deduction for any counterclaim, defense, recoupment or
setoff. Except as otherwise expressly provided herein, all payments by the Borrower hereunder shall be made to the Administrative Agent, for the account of the respective Lenders to which such payment is owed, at the applicable Administrative
Agent’s Office for payment and in Same Day Funds not later than 2:00 p.m., New York time, on the date specified herein. The Administrative Agent will promptly distribute to each Appropriate Lender its Pro Rata Share (or other applicable share
as provided herein) of such payment in like funds as received by wire transfer to such Lender’s Lending Office. Any payments under this Agreement that are made later than 2:00 p.m., New York time, shall be deemed to have been made on the next
succeeding Business Day (but the Administrative Agent may extend such deadline for purposes of computing interest and fees (but not beyond the end of such day) in its sole discretion whether or not such payments are in process). 

  
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 (2) If any payment to be made by the Borrower shall come due on a day other than a Business
Day, payment shall be made on the next following Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be. 

(3) Unless the Borrower or any Lender has notified the Administrative Agent, prior to the date, or in the case of any Borrowing of Base Rate
Loans, prior to 1:00 p.m., New York time, on the date of such Borrowing, any payment is required to be made by it to the Administrative Agent hereunder (in the case of the Borrower, for the account of any Lender hereunder or, in the case of the
Lenders, for the account of the Borrower hereunder), that the Borrower or such Lender, as the case may be, will not make such payment, the Administrative Agent may assume that the Borrower or such Lender, as the case may be, has timely made such
payment and may (but shall not be so required to), in reliance thereon, make available a corresponding amount to the Person entitled thereto. If and to the extent that such payment was not in fact made to the Administrative Agent in Same Day Funds,
then: 
 (a) if the Borrower failed to make such payment, each Lender shall forthwith on demand repay to the Administrative
Agent the portion of such assumed payment that was made available to such Lender in Same Day Funds, together with interest thereon in respect of each day from and including the date such amount was made available by the Administrative Agent to such
Lender to the date such amount is repaid to the Administrative Agent in Same Day Funds at the applicable Overnight Rate from time to time in effect; and 

(b) if any Lender failed to make such payment, such Lender shall forthwith on demand pay to the Administrative Agent the amount
thereof in Same Day Funds, together with interest thereon for the period from the date such amount was made available by the Administrative Agent to the Borrower to the date such amount is recovered by the Administrative Agent (the
“Compensation Period”) at a rate per annum equal to the applicable Overnight Rate from time to time in effect. When such Lender makes payment to the Administrative Agent (together with all accrued interest thereon), then such
payment amount (excluding the amount of any interest which may have accrued and been paid in respect of such late payment) shall constitute such Lender’s Loan included in the applicable Borrowing. If such Lender does not pay such amount
forthwith upon the Administrative Agent’s demand therefor, the Administrative Agent may make a demand therefor upon the Borrower, and the Borrower shall pay such amount, or cause such amount to be paid, to the Administrative Agent, together
with interest thereon for the Compensation Period at a rate per annum equal to the rate of interest applicable to the applicable Borrowing. Nothing herein shall be deemed to relieve any Lender from its obligation to fulfill its Commitment or to
prejudice any rights which the Administrative Agent or the Borrower may have against any Lender as a result of any default by such Lender hereunder. A notice of the Administrative Agent to any Lender or the Borrower with respect to any amount owing
under this Section 2.12(3) shall be conclusive, absent manifest error. 
 (c) If any Lender makes
available to the Administrative Agent funds for any Loan to be made by such Lender as provided in this Article II, and such funds are not made available to the Borrower by the Administrative Agent because the conditions to the applicable Term
Borrowing set forth in Section 4.02 are not satisfied or waived in accordance with the terms hereof, the Administrative Agent shall return such funds (in like funds as received from such Lender) to such Lender, without
interest. 

  
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 (d) The obligations of the Lenders hereunder to make Loans are several and
not joint. The failure of any Lender to make any Loan on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall be responsible for the failure of any other Lender to
so make its Loan. 
 (e) Nothing herein shall be deemed to obligate any Lender to obtain the funds for any Loan in any
particular place or manner or to constitute a representation by any Lender that it has obtained or will obtain the funds for any Loan in any particular place or manner. 

(f) Whenever any payment received by the Administrative Agent under this Agreement or any of the other Loan Documents is
insufficient to pay in full all amounts due and payable to the Administrative Agent and the Lenders under or in respect of this Agreement and the other Loan Documents on any date, such payment shall be distributed by the Administrative Agent and
applied by the Administrative Agent and the Lenders in the order of priority set forth in Section 8.03 (or otherwise expressly set forth herein). If the Administrative Agent receives funds for application to the Obligations of the Loan Parties
under or in respect of the Loan Documents under circumstances for which the Loan Documents do not specify the manner in which such funds are to be applied, the Administrative Agent may, but shall not be obligated to, elect to distribute such funds
to each of the Lenders in accordance with such Lender’s Pro Rata Share or other applicable share provided for under this Agreement of the sum of the Outstanding Amount of all Loans outstanding at such time, in repayment or prepayment of such of
the outstanding Loans or other Obligations then owing to such Lender. 
 (g) Unless the Administrative Agent shall have
received notice from the Borrower prior to the time at which any payment 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 Appropriate Lenders, the amount due. 

With Respect to any payment that the Administrative Agent makes for the account of the Lenders as to which the Administrative Agent determines
(which determination shall be conclusive absent manifest error) that any of the following applies (such payment referred to as the “Rescindable Amount”): (1) the Borrower has not in fact made such payment; (2) the
Administrative Agent has made a payment in excess of the amount so paid by the Borrower (whether or not then owed); or (3) the Administrative Agent has for any reason otherwise erroneously made such payment; then each of the Lenders, severally
agrees to repay to the Administrative Agent forthwith on demand the Rescindable Amount so distributed to such Lender, in immediately available funds with interest thereon, for each day from and including the date such amount is distributed to it to
but excluding the date of payment to the Administrative Agent, at the greater of the Federal Funds Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation. 

  
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 A notice of the Administrative Agent to any Lender or the Borrower with respect to any
amount owing under this clause (g) shall be conclusive, absent manifest error. 
 Section 2.13 Sharing of Payments. Other
than as expressly provided elsewhere herein (including with respect to any discounted prepayment of Term Loans pursuant to Section 2.05(2)(e) or 2.05(2)(g)), if any Lender of any Class shall obtain payment in
respect of any principal of or interest on account of the Loans of such Class made by it (whether voluntary, involuntary, through the exercise of any right of setoff, or otherwise) in excess of its ratable share (or other share contemplated
hereunder) thereof, such Lender shall immediately (1) notify the Administrative Agent of such fact, and (2) purchase from the other Lenders such participations in the Loans of such Class made by them, as shall be necessary to cause
such purchasing Lender to share the excess payment in respect of any principal of or interest on such Loans of such Class, pro rata with each of them; provided that if all or any portion of such excess payment is thereafter recovered from the
purchasing Lender under any of the circumstances described in Section 10.06 (including pursuant to any settlement entered into by the purchasing Lender in its discretion), such purchase shall to that extent be rescinded and
each other Lender shall repay to the purchasing Lender the purchase price paid therefor, together with an amount equal to such paying Lender’s ratable share (according to the proportion of (a) the amount of such paying Lender’s
required repayment to (b) the total amount so recovered from the purchasing Lender) of any interest or other amount paid or payable by the purchasing Lender in respect of the total amount so recovered, without further interest thereon. For
avoidance of doubt, the provisions of this Section 2.13 shall not be construed to apply to (i) any payment made by the Borrower pursuant to and in accordance with the express terms of this Agreement as in effect from
time to time (including the application of funds arising from the existence of a Defaulting Lender), (ii) 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 permitted hereunder or (iii) pursuant to another transaction that is otherwise permitted hereunder. The Borrower agrees that any Lender so purchasing a participation from another Lender may, to the fullest extent permitted by
applicable Law, exercise all its rights of payment (including the right of setoff, but subject to Section 10.10) with respect to such participation as fully as if such Lender were the direct creditor of the Borrower in the
amount of such participation. The Administrative Agent will keep records (which shall be conclusive and binding in the absence of manifest error) of participations purchased under this Section 2.13 and will in each case
notify the Lenders following any such purchases or repayments. Each Lender that purchases a participation pursuant to this Section 2.13 shall from and after such purchase have the right to give all notices, requests,
demands, directions and other communications under this Agreement with respect to the portion of the Obligations purchased to the same extent as though the purchasing Lender were the original owner of the Obligations purchased. 

Section 2.14 Incremental Term Facilities. 

(1) Incremental Term Loan Request. The Borrower or any Guarantor may at any time and from time to time, on one or more occasions, after
the Closing Date, by notice to the Administrative Agent increase the aggregate principal amount of any outstanding Class of Term Loans (a “Term Loan Increase”) or add one or more additional Classes of term loans (including
delayed draw term loan facilities) under the Loan Documents (each an “Incremental Term Facility” and the term loans made thereunder, the “Incremental Term Loans”). 

  
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 (2) Ranking. (a) Incremental Term Facilities will be secured only by Liens over
the Collateral that rank on a pari passu basis with the Closing Date Term Loans and only Guarantors shall provide guarantees of Incremental Term Facilities and (b) Permitted Incremental Equivalent Debt will either be secured by Liens
that rank on a pari passu or junior basis with or to the Liens securing the Obligations or be unsecured; provided that any Liens that rank on a pari passu basis or junior basis to the Liens securing the Closing Date Term Loans will be subject
to the Applicable Intercreditor Agreement. 
 (3) Size. The aggregate principal amount of Incremental Term Facilities incurred on any
date will not exceed an amount equal to the Permitted Incremental Amount. Unless the Borrower elects otherwise, each Incremental Term Facility shall be deemed incurred first under the Ratio Amount to the extent permitted, with the balance incurred
under the Fixed Incremental Amount. Each Incremental Term Facility will be in an integral multiple of $1.0 million and in an aggregate principal amount that is not less than $10.0 million (or such lesser minimum amount approved by the
Administrative Agent in its reasonable discretion); provided that such amount may be less than such minimum amount or integral multiple amount if such amount represents all the remaining availability under the limit set forth above. 

(4) Incremental Lenders. Incremental Term Facilities may be provided by any existing Lender (it being understood that no existing Lender
will have an obligation to make all or any portion of any Incremental Term Loan, nor will the Borrower have any obligation to approach any existing Lender(s) to provide any Incremental Term Loan) or by any Additional Lender on terms permitted by
this Section 2.14. While existing Lenders may (but are not obligated, unless invited and so elect, to) participate in any syndication of an Incremental Term Facility and may (but are not obligated, unless invited and so
elect, to) become lenders with respect thereto, the existing Lenders will not have any right to participate in any syndication, and will not have any right of first refusal or other right to provide all or any portion, of any Incremental Term
Facility or Incremental Term Loan except to the extent the Borrower and the arrangers thereof, if any, in their discretion, choose to invite or include any such existing Lender (which may or may not apply to all existing Lenders and may or may not
be pro rata among existing Lenders). Final allocations in respect of Incremental Term Facilities will be made by the Borrower together with the arrangers thereof, if any, in their discretion, on the terms permitted by this
Section 2.14. 
 (5) Incremental Term Facility Amendments; Use of Proceeds. Each Incremental Term Facility
will become effective pursuant to an amendment (each, an “Incremental Amendment”) to this Agreement and, as appropriate, the other Loan Documents, executed by the Borrower, each Person providing such Incremental Term Facility and
the Administrative Agent (provided that, if such Incremental Amendment does not affect the rights, duties, privileges or obligations of the Administrative Agent, the Administrative Agent shall only be required to acknowledge such Incremental
Amendment), and the Administrative Agent hereby agrees to acknowledge any such Incremental Amendment that otherwise satisfies the requirements of this Section 2.14 as promptly as possible, however, to the extent the final
form of such Incremental Amendment has been delivered to the Administrative Agent at least 1 Business Day prior to the proposed effectiveness thereof, the Administrative Agent shall acknowledge such Incremental Amendment immediately (provided
that the failure to acknowledge such Incremental Amendment within such 1 Business Day period shall be deemed to be an acknowledgment). The Administrative Agent will promptly notify each Lender as to the effectiveness of each Incremental Amendment
following receipt 

  
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thereof from the Borrower. Incremental Amendments may, without the consent of any other Lenders, effect such amendments to this Agreement and the other Loan Documents as may be necessary or
appropriate, in the reasonable opinion of the Administrative Agent and the Borrower, to effect the provisions of this Section 2.14. An Incremental Amendment may (a) extend or add “call protection” to any
existing Class of Term Loans, including amendments to Section 2.18, (b) amend the schedule of amortization payments relating to any existing tranche of Term Loans, including amendments to
Section 2.07(1) (provided that any such amendment shall not decrease the dollar amount of any amortization payment to any Lender that would have otherwise been payable to such Lender prior to the effectiveness of the
applicable Incremental Amendment) and (c) make other amendments to the terms of any existing Term Loans, in the case of each clause (a), (b) and (c), so that such Incremental Term Loans and the applicable existing Term Loans form the same
Class of Term Loans; provided that such amendments are not adverse to the existing Term Loan Lenders (as determined in good faith by the Borrower). Each of the parties hereto hereby agrees that, upon the effectiveness of any Incremental
Amendment, this Agreement and the other Loan Documents, as applicable, will be amended to the extent necessary to reflect the existence and terms of the Incremental Term Facility and the Incremental Term Loans evidenced thereby. The Borrower may use
the proceeds of the Incremental Term Loans for any purpose not prohibited by this Agreement. 
 (6) Conditions. The availability of
Incremental Term Facilities under this Agreement will be subject solely to no Event of Default shall have occurred and be continuing; provided that in the case of a Limited Condition Transaction, at the Borrower’s option, such Event of
Default may be tested in accordance with Section 1.07(8) so long as at the time of the consummation of such Limited Condition Transaction no Event of Default under Section 8.01(1) or
Section 8.01(6) (solely with respect to Holdings and the Borrower) shall have occurred and be continuing and no Event of Default shall have occurred and be continuing at the time of execution of a definitive acquisition
agreement. 
 (7) Terms. Each Incremental Amendment will set forth the amount and terms of the relevant Incremental Term Facility. The
terms of each Incremental Term Facility will be as agreed between the Borrower and the Persons providing such Incremental Term Loans; provided that: 

(a) the final maturity date of such Incremental Term Loans (other than a Qualifying Bridge Facility) will be no earlier than
the Latest Maturity Date of the Closing Date Term Loans; 
 (b) the Weighted Average Life to Maturity of such Incremental
Term Loans (other than constituting a Qualifying Bridge Facility) will be no shorter than the longest remaining Weighted Average Life to Maturity of the Closing Date Term Loans; 

(c) such Incremental 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 mandatory repayments or prepayments of the Term Loans (in each case, other than pursuant to a refinancing or with respect to greater than pro rata payments to an earlier maturing tranche) and may
participate on a pro rata basis, greater than pro rata basis or less than pro rata basis in any voluntary prepayments of the Term Loans; and 

  
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 (d) except as otherwise set forth herein, all other terms of any
(i) Term Loan Increase will be on terms and pursuant to documentation applicable to the Class of Term Loans, being increased by such Term Loan Increase and (ii) any Incremental Term Facility shall be on terms and pursuant to
documentation to be determined; provided that to the extent such terms and documentation are not consistent with the Closing Date Term Loans (except to the extent permitted by clause (8) below), they shall not be materially more
favorable to the lenders providing such Incremental Term Facility, when taken as a whole, than the terms of the Closing Date Term Loans (except for covenants or other provisions (1) applicable only to the periods after the Latest Maturity Date
of the Closing Date Term Loans or any Incremental Term Facility in effect at such time, (2) to the extent that such covenant or other provision is also added for the benefit of the Closing Date Term Loans or any Incremental Term Facility in
effect at such time, (3) that are consistent with market terms and conditions at the time of incurrence or effectiveness (as determined by the Borrower in good faith) or (4) otherwise reasonably satisfactory to the Administrative Agent).

 (8) Pricing. The interest rate, fees, original issue discount, rate floors and fees and maturity and amortization schedule for any
Incremental Term Facilities will be as determined by the Borrower and the Persons providing such Incremental Term Facilities; provided that for the period commencing on the Closing Date and ending on the eighteen (18) month anniversary
thereafter, in the event that the All-In Yield applicable to any Incremental Term Loans which are (A) pari passu with the Closing Date Term Loans in right of payment and with respect to security
and (B) consist of term B loans denominated in Dollars (such Incremental Term Loans, “Qualifying Term Loans”), exceeds the All-In Yield of any Closing Date Term Loans by more than 50
basis points, then the interest rate margins for such Closing Date Term Loans shall be increased to the extent necessary so that the All-In Yield of such Closing Date Term Loans is equal to the All-In Yield of such Incremental Term Loans minus 50 basis points; provided further that if the Incremental Term Loans include an interest rate floor greater than the applicable interest rate floor
under the Closing Date Term Loans, such differential between interest rate floors shall be equated to the applicable interest rate margin for purpose of determining whether an increase to the interest rate margin under the Closing Date Term Loans
shall be required, but only to the extent an increase in the interest rate floor in the Closing Date Term Loans would cause an increase in the interest rate then in effect thereunder, and in such case, the interest rate floor (but not the interest
rate margin) applicable to the Closing date Term Loans shall be increased to the extent of such differential between interest rate floors. The foregoing being referred to as the “MFN Protection Provisions”. 

(9) [Reserved]. 
 (10) The
Administrative Agent and the Lenders hereby agree that the minimum borrowing, pro rata borrowing and pro rata payment requirements contained elsewhere in this Agreement shall not apply to the transactions effected pursuant to the
immediately preceding sentence. 

  
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 Section 2.15 Refinancing Amendments. 

(1) Refinancing Loans. At any time after the Closing Date, the Borrower may obtain, from any Lender or any Additional Lender, Credit
Agreement Refinancing Indebtedness in respect of all or any portion of the Term Loans then outstanding under this Agreement, in the form of Refinancing Loans or Refinancing Commitments in each case pursuant to a Refinancing Amendment. 

(2) Refinancing Amendments. The effectiveness of any Refinancing Amendment will be subject only to the satisfaction on the date thereof
of such conditions precedent as may be requested by the providers of the applicable Refinancing Loans. The Administrative Agent will promptly notify each Lender as to the effectiveness of each Refinancing Amendment. Refinancing Amendments may,
without the consent of any other Lenders, effect such amendments to this Agreement and the other Loan Documents as may be necessary or appropriate in the reasonable opinion of the Borrower and the providers of the applicable Refinancing Loans, to
effect the provisions of this Section 2.15 and to reflect the existence and terms of the Refinancing Loans incurred pursuant thereto (including any amendments necessary to treat the Term Loans subject thereto as Refinancing Term Loans). A
Refinancing Amendment may (a) extend or add “call protection” to any existing Class of Term Loans, including amendments to Section 2.18, (b) amend the schedule of amortization payments relating to any existing tranche of
Term Loans, including amendments to Section 2.07(1) (provided that any such amendment shall not decrease the dollar amount of any amortization payment to any Lender that would have otherwise been payable to such Lender prior to the
effectiveness of the applicable Refinancing Amendment) and (c) make other amendments to the terms of any existing Term Loans, in the case of each clause (a), (b) and (c), so that such Refinancing Term Loans and the applicable existing Term
Loans form the same Class of Term Loans; provided that such amendments (x) are not adverse to the applicable existing Term Loan Lenders (as determined in good faith by the Borrower) or (y) are consistent with market terms and
conditions at the time of incurrence or effectiveness (as determined by the Borrower in good faith). Each of the parties hereto hereby agrees that, upon the effectiveness of any Refinancing Amendment, this Agreement and the other Loan Documents, as
applicable, will be amended to the extent necessary to reflect the existence and terms of the Refinancing Loans. 
 (3) Required
Consents. Any Refinancing Amendment may, without the consent of any Person, other than the Borrower, the Persons providing the applicable Refinancing Loans and the Administrative Agent (provided that, if such Refinancing Amendment does
not affect the rights, duties, privileges or obligations of the Administrative Agent, the Administrative Agent shall only be required to acknowledge such Refinancing Amendment), effect such amendments to this Agreement and the other Loan Documents
as may be necessary or appropriate, in the reasonable opinion of the Administrative Agent and the Borrower, to effect the provisions of this Section 2.15, and the Administrative Agent hereby agrees to acknowledge any such Refinancing Amendment
that otherwise satisfies the requirements of this Section 2.15 as promptly as possible, however, to the extent the final form of such Refinancing Amendment has been delivered to the Administrative Agent at least 1 Business Day prior to the
proposed effectiveness thereof, the Administrative Agent shall acknowledge such Refinancing Amendment immediately (provided that the failure to acknowledge such Refinancing Amendment within such 1 Business Day period shall be deemed to be an
acknowledgment). This Section 2.15 supersedes any provision in this Agreement to the contrary (including Section 10.01). 

  
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 (4) Providers of Refinancing Loans. Refinancing Loans may be provided by any existing
Lender (it being understood that no exiting Lender shall have an obligation to make all or any portion of any Refinancing Loan) or by any Additional Lender on terms permitted by this Section 2.15. For the avoidance of doubt, any Affiliated
Lender that provides any Refinancing Term Loans will be subject to the limitations on Affiliated Lenders set forth in Section 10.07(h) (including the Affiliated Lender Cap). 

Section 2.16 Extensions of Loans. 

(1) Extension Offers. Pursuant to one or more offers (each, an “Extension Offer”) made from time to time by the
Borrower to all Lenders holding Loans or Commitments of a particular Class with a like Maturity Date, the Borrower may extend such Maturity Date and otherwise modify the terms of such Loans or Commitments pursuant to the terms set forth in an
Extension Offer (each, an “Extension,” and each group of Loans or Commitments so extended, as well as any Loans of the same Class not so extended, each being a “tranche” for purposes of this Section 2.16).
Each Extension Offer will (i) specify the minimum amount of Loans or Commitments with respect to which an Extension Offer may be accepted, which will be an integral multiple of $1.0 million and an aggregate principal amount that is not
less than $10.0 million, or if less, (a) the aggregate principal amount of such Loans outstanding or (b) such lesser minimum amount as is approved by the Administrative Agent, such consent not to be unreasonably withheld, conditioned
or delayed and (ii) set forth the date on which such Extension is requested to become effective (which shall be not less than ten (10) Business Days nor more than sixty (60) days after the date of such Extension notice (or such longer
or shorter periods as the Administrative Agent shall agree in its sole discretion)). Extension Offers will be made on a pro rata basis to all Lenders holding Loans or Commitments of a particular Class with a like Maturity Date. If the
aggregate outstanding principal amount of such Loans (calculated on the face amount thereof) or Commitments in respect of which Lenders have accepted an Extension Offer exceeds the maximum aggregate principal amount of Loans or Commitments offered
to be extended pursuant to such Extension Offer, then the Loans or Commitments of such Lenders will 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 Lenders have accepted such Extension Offer. There is no requirement that any Extension Offer or Extension Amendment (defined as follows) be subject to any “most favored nation” pricing provisions, any condition on the non-existence of any Default or Event of Default or any financial ratio tests. The terms of an Extension Offer shall be determined by the Borrower, and Extension Offers may contain one or more conditions to their
effectiveness, including a condition that a minimum amount of Loans or Commitments of any or all applicable tranches be tendered. 
 (2)
Extension Amendments. The Lenders hereby irrevocably authorize the Administrative Agent to enter into amendments to this Agreement and the other Loan Documents (each, an “Extension Amendment”) as may be necessary or
appropriate in order to effect the provisions of this Section 2.16, establish new tranches in respect of Extended Loans and Extended Commitments and such amendments as permitted by clause (5) below as may be necessary or appropriate in the
reasonable opinion of the Borrower in connection with the establishment of such Extended Loans and Extended Commitments. An Extension Amendment may (a) extend or add “call protection” to any existing Class of Term Loans,
including amendments to Section 2.18, (b) amend the schedule of amortization payments relating to any existing tranche of Term Loans, 

  
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including amendments to Section 2.07(1) (provided that any such amendment shall not decrease the dollar amount of any amortization payment to any Lender that would have otherwise been
payable to such Lender prior to the effectiveness of the applicable Extension Amendment) and (c) make other amendments to the terms of any existing Term Loans, in the case of each clause (a), (b) and (c), so that such Extended Loans and the
applicable existing Term Loans form the same Class of Term Loans; provided that such amendments are (x) not adverse to the existing Term Loan Lenders (as determined in good faith by the Borrower) or (y) consistent with market
terms and conditions at the time of incurrence or effectiveness (as determined by the Borrower in good faith). This Section 2.16 supersedes any provision(s) in Section 2.13 or 10.01 to the contrary. Except as otherwise set forth in an
Extension Offer, there will be no conditions to the effectiveness of an Extension Amendment. Extensions will not constitute a voluntary or mandatory payment or prepayment for purposes of this Agreement. Any Lender of an existing Class of Term
Loans that elects not to participate in Extended Loans or Extended Commitments of such Class of Term Loans shall be referred to herein as a “Non-Extended Lender”. 

(3) Terms of Extension Offers and Extension Amendments. The terms of any Extended Loans and Extended Commitments will be set forth in an
Extension Offer and as agreed between the Borrower and the Extending Lenders accepting such Extension Offer; provided that: 

(a) the final maturity date of such Extended Loans and Extended Commitments will be no earlier than the Latest Maturity Date
applicable to the Loans or Commitments subject to such Extension Offer; 
 (b) the Weighted Average Life to Maturity of any
Extended Loans that are Term Loans will be no shorter than the remaining Weighted Average Life to Maturity of the Term Loans subject to such Extension Offer; 

(c) any Extended Loans that are 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 mandatory repayments or prepayments of the Term Loans (in each case, other than pursuant to a refinancing) and may participate on a pro rata basis, greater than pro rata basis or less than pro rata basis in any
voluntary prepayments of the Term Loans; 
 (d) such Extended Loans and Extended Commitments are not secured by any assets or
property that does not constitute Collateral and may not be secured on a senior basis to the existing Term Loans; 
 (e) such
Extended Loans and Extended Commitments are not guaranteed by any Subsidiary of the Borrower other than a Subsidiary that is a Loan Party; and 

(f) the covenants and events of default applicable to Extended Loans or Extended Commitments are either (i) substantially
identical to, or, taken as a whole, no more favorable to the Lenders providing such Extended Loans or Extended Commitments than, those applicable to the Loans subject to such Extension Offer, as determined in good faith by a Responsible Officer of
the Borrower in its reasonable judgment or (ii) otherwise on customary market terms, as determined in good faith by a Responsible Officer of the Borrower in its reasonable judgment; provided that this clause (f) will not apply: 

  
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 (A) if an Extension Offer is made with respect to all the Loans or
Commitments of a particular Class and all such Loans or Commitments are accepted in such Extension Offer and amended pursuant to the applicable Extension Amendment or 

(B) to any of the following: 

(1) terms addressed in the preceding clauses (a) through (e), 

(2) interest rate, fees, funding discounts and other pricing terms, 

(3) redemption, prepayment or other premiums, 

(4) optional redemption or prepayment terms and 

(5) covenants and events of default applicable only to periods after the Latest Maturity Date at the time of incurrence of
such Indebtedness. 
 Any Extended Loans will constitute a separate tranche of Term Loans from the Term Loans held by Lenders that did not accept the
applicable Extension Offer. 
 (4) Required Consents. No consent of any Lender or any other Person will be required to effectuate any
Extension, other than the consent of the Borrower, the applicable Extending Lender and the Administrative Agent (provided that, if such Extension does not affect the rights, duties, privileges or obligations of the Administrative Agent, the
Administrative Agent shall only be required to acknowledge such Extension), and the Administrative Agent hereby agrees to acknowledge any such Extension that otherwise satisfies the requirements of this Section 2.16 as promptly as possible,
however, to the extent the final form of such Extension has been delivered to the Administrative Agent at least 1 Business Day prior to the proposed effectiveness thereof, the Administrative Agent shall acknowledge such Extension immediately
(provided that the failure to acknowledge such Extension within such 1 Business Day period shall be deemed to be an acknowledgment). The transactions contemplated by this Section 2.16 (including, for the avoidance of doubt, payment of
any interest, fees or premium in respect of any Extended Loans on such terms as may be set forth in the relevant Extension Offer) will not require the consent of any other Lender or any other Person, and the requirements of any provision of this
Agreement or any other Loan Document that may otherwise prohibit any such Extension or any other transaction contemplated by this Section 2.16 will not apply to any of the transactions effected pursuant to this Section 2.16. 

Section 2.17 Defaulting Lenders. 

(1) Adjustments. Notwithstanding anything to the contrary contained in this Agreement, if any Lender becomes a Defaulting Lender, then,
until such time as that Lender is no longer a Defaulting Lender, to the extent permitted by applicable Law: 

  
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 (a) Waivers and Amendments. That Defaulting Lender’s right to
approve or disapprove of any amendment, waiver or consent with respect to this Agreement shall be restricted as set forth in Section 10.01. 

(b) Reallocation of Payments. Any payment of principal, interest, fees or other amounts received by the Administrative
Agent for the account of that Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Article VIII or otherwise), shall be applied at such time or times as may be determined by the Administrative Agent as follows: first, to
the payment of any amounts owing by that Defaulting Lender to the Administrative Agent hereunder; second, as the Borrower may request (so long as no Default or Event of Default has occurred and is continuing), to the funding of any Loan in respect
of which that Defaulting Lender has failed to fund its portion thereof as required by this Agreement, as determined by the Administrative Agent; third, if so determined by the Administrative Agent and the Borrower, to be held in a non-interest bearing deposit account and released in order to satisfy obligations of that Defaulting Lender to fund Loans under this Agreement; fourth, to the payment of any amounts owing to the Lenders, as a result
of any judgment of a court of competent jurisdiction obtained by any Lender, against that Defaulting Lender as a result of that Defaulting Lender’s breach of its obligations under this Agreement; fifth, so long as no Default or Event of Default
has occurred and is continuing, to the payment of any amounts owing to the Borrower as a result of any judgment of a court of competent jurisdiction obtained by the Borrower against that Defaulting Lender as a result of that Defaulting Lender’s
breach of its obligations under this Agreement; and sixth, to that Defaulting Lender or as otherwise directed by a court of competent jurisdiction; provided that if (i) such payment is a payment of the principal amount of any Loans s in
respect of which that Defaulting Lender has not fully funded its appropriate share and (ii) such Loans were made at a time when the conditions set forth in Section 4.02 were satisfied or waived, such payment shall be applied solely to pay
the Loans of all Non-Defaulting Lenders on a pro rata basis prior to being applied to the payment of any Loans of that Defaulting Lender. Any payments, prepayments or other amounts paid or payable to a
Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting Lender or to post cash collateral pursuant to this Section 2.17(1)(b) shall be deemed paid to and redirected by that Defaulting Lender, and each Lender irrevocably
consents hereto. 
 (2) Defaulting Lender Cure. If the Borrower and the Administrative Agent agree in writing in their sole discretion
that a Defaulting Lender should no longer be deemed to be a Defaulting Lender, the Administrative Agent will so notify the parties hereto, whereupon as of the effective date specified in such notice and subject to any conditions set forth therein,
that Lender will, to the extent applicable, purchase that portion of outstanding Loans of the other Lenders, whereupon that Lender will cease to be a Defaulting Lender; provided that no adjustments will be made retroactively with respect to
fees accrued or payments made by or on behalf of the Borrower while that Lender was a Defaulting Lender; provided further that except to the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Lender
to Lender will constitute a waiver or release of any claim of any party hereunder arising from that Lender’s having been a Defaulting Lender. 

  
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 Section 2.18 Loan Repricing Protection. 

All voluntary prepayments or repayments of all or any portion of the Term Loans, any Repricing Transaction, any mandatory prepayments of Term
Loans pursuant to Section 2.05(2)(d), and any repayment of Term Loans following exercise of remedies pursuant to Section 8.02(2) as result of an Event of Default under Section 8.01(11), in any such case prior to the second anniversary
of the Closing Date, shall be accompanied by a prepayment premium equal to: 
 (1) for the period on or prior to the first anniversary of the
Closing Date, 2.00% of the principal amount of Term Loans so repriced, prepaid or repaid; 
 (2) for the period on or prior to the second
anniversary of the Closing Date but after the first anniversary of the Closing Date, 1.00% of the principal amount of Term Loans so repriced, prepaid or repaid; and 

(3) thereafter, 0.00% 

Section 2.19 Permitted Debt Exchanges. 

(1) Notwithstanding anything to the contrary contained in this Agreement, pursuant to one or more offers (each, a “Permitted Debt
Exchange Offer”) made from time to time by the Borrower to all Lenders (other than, with respect to any Permitted Debt Exchange Offer that constitutes an offering of securities, any Lender that, if requested by the Borrower, is unable to
certify that it is (i) a “qualified institutional buyer” (as defined in Rule 144A under the Securities Act), (ii) an institutional “accredited investor” (as defined in Rule 501 under the Securities Act) or (iii) not a
“U.S. person” (as defined in Rule 902 under the Securities Act)) with outstanding Term Loans of a particular Class, the Borrower may from time to time consummate one or more exchanges of such Term Loans for Indebtedness (in the form
of senior secured, senior unsecured, senior subordinated, or subordinated notes or loans) (such Indebtedness, “Permitted Debt Exchange Notes” and each such exchange, a “Permitted Debt Exchange”), so long as the
following conditions are satisfied: 
 (i) each such Permitted Debt Exchange Offer shall be made on a pro rata basis to the
Lenders (other than, with respect to any Permitted Debt Exchange Offer that constitutes an offering of securities, any Lender that, if requested by the Borrower, is unable to certify that it is (i) a “qualified institutional buyer”
(as defined in Rule 144A under the Securities Act), (ii) an institutional “accredited investor” (as defined in Rule 501 under the Securities Act) or (iii) not a “U.S. person” (as defined in Rule 902 under the Securities
Act)) of each applicable Class based on their respective aggregate principal amounts of outstanding Term Loans under each such Class; 

(ii) the aggregate principal amount (calculated on the face amount thereof) of such Permitted Debt Exchange Notes shall not
exceed the aggregate principal amount (calculated on the face amount thereof) of Term Loans so refinanced, except to the extent a different incurrence basket pursuant to Section 7.02 is utilized and with respect to an amount equal to any fees,
expenses, commissions, underwriting discounts and premiums payable in connection with such Permitted Debt Exchange; 

  
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 (iii) the stated final maturity of such Permitted Debt Exchange Notes is not
earlier than the latest Maturity Date for the Class or Classes of Term Loans being exchanged, and such stated final maturity is not subject to any conditions that could result in such stated final maturity occurring on a date that precedes such
latest maturity date (it being understood that acceleration or mandatory repayment, prepayment, redemption or repurchase of such Permitted Debt Exchange Notes upon the occurrence of an event of default, a change in control, an event of loss or an
asset disposition shall not be deemed to constitute a change in the stated final maturity thereof); 
 (iv) such Permitted
Debt Exchange Notes are not required to be repaid, prepaid, redeemed, repurchased or defeased, whether on one or more fixed dates, upon the occurrence of one or more events or at the option of any holder thereof (except, in each case, upon the
occurrence of an event of default, a change in control, an event of loss or an asset disposition) prior to the latest Maturity Date for the Class or Classes of Term Loans being exchanged; provided that, notwithstanding the foregoing,
scheduled amortization payments (however denominated, including scheduled offers to repurchase) of such Permitted Debt Exchange Notes shall be permitted so long as the Weighted Average Life to Maturity of such Indebtedness shall be longer than the
remaining Weighted Average Life to Maturity of the Class or Classes of Term Loans being exchanged; 
 (v) no Restricted
Subsidiary is a borrower or guarantor with respect to such Indebtedness unless such Restricted Subsidiary is or substantially concurrently becomes a Loan Party; 

(vi) if such Permitted Debt Exchange Notes are secured, such Permitted Debt Exchange Notes are secured on a pari passu basis or
junior priority basis to the Obligations and (A) such Permitted Debt Exchange Notes are not secured by any assets not securing the Obligations unless such assets substantially concurrently secure the Obligations and (B) the beneficiaries
thereof (or an agent on their behalf) shall become party to the Applicable Intercreditor Agreement; 
 (vii) the terms and
conditions of such Permitted Debt Exchange Notes (excluding pricing and optional prepayment or redemption terms or covenants or other provisions applicable only to periods after the Maturity Date of the Class or Classes of Term Loans being
exchanged) reflect market terms and conditions at the time of incurrence or issuance; provided that if such Permitted Debt Exchange Notes contain any financial maintenance covenants, such covenants shall not be more restrictive than (or in
addition to) those contained in this Agreement (unless such covenants are also added for the benefit of the Lenders under this Agreement, in which case any requirement to so comply shall not require the consent of any Lender or Agent hereunder);

  
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 (viii) all Term Loans exchanged under each applicable Class by the
Borrower pursuant to any Permitted Debt Exchange shall automatically be cancelled and retired by the Borrower on date of the settlement thereof (and, if requested by the Administrative Agent, any applicable exchanging Lender shall execute and
deliver to the Administrative Agent an Assignment and Assumption, or such other form as may be reasonably requested by the Administrative Agent, in respect thereof pursuant to which the respective Lender assigns its interest in the Term Loans being
exchanged pursuant to the Permitted Debt Exchange to the Borrower for immediate cancellation), and accrued and unpaid interest on such Term Loans shall be paid to the exchanging Lenders on the date of consummation of such Permitted Debt Exchange or,
if agreed to by the Borrower and the Administrative Agent, the next scheduled Interest Payment Date with respect to such Term Loans (with such interest accruing until the date of consummation of such Permitted Debt Exchange); 

(ix) if the aggregate principal amount of all Term Loans (calculated on the face amount thereof) of a given Class tendered
by Lenders in respect of the relevant Permitted Debt Exchange Offer (with no Lender being permitted to tender a principal amount of Term Loans which exceeds the principal amount thereof of the applicable Class actually held by it) shall exceed
the maximum aggregate principal amount of Term Loans of such Class offered to be exchanged by the Borrower pursuant to such Permitted Debt Exchange Offer, then the Borrower shall exchange Term Loans under the relevant Class tendered by
such Lenders ratably up to such maximum based on the respective principal amounts so tendered, or, if such Permitted Debt Exchange Offer shall have been made with respect to multiple Classes without specifying a maximum aggregate principal amount
offered to be exchanged for each Class, and the aggregate principal amount of all Term Loans (calculated on the face amount thereof) of all Classes tendered by Lenders in respect of the relevant Permitted Debt Exchange Offer (with no Lender being
permitted to tender a principal amount of Term Loans which exceeds the principal amount thereof actually held by it) shall exceed the maximum aggregate principal amount of Term Loans of all relevant Classes offered to be exchanged by the Borrower
pursuant to such Permitted Debt Exchange Offer, then the Borrower shall exchange Term Loans across all Classes subject to such Permitted Debt Exchange Offer tendered by such Lenders ratably up to such maximum amount based on the respective principal
amounts so tendered; 
 (x) all documentation in respect of such Permitted Debt Exchange shall be consistent with the
foregoing, and all written communications generally directed to the Lenders in connection therewith shall be in form and substance consistent with the foregoing and made in consultation with the Borrower and the Administrative Agent; and 

(xi) any applicable Minimum Tender Condition or Maximum Tender Condition, as the case may be, shall be satisfied or waived by
the Borrower. 
 Notwithstanding anything to the contrary herein, no Lender shall have any obligation to agree to have any of its Loans or Term Commitments
exchanged pursuant to any Permitted Debt Exchange Offer. 

  
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 (2) With respect to all Permitted Debt Exchanges effected by the Borrower pursuant to this
Section 2.19, such Permitted Debt Exchange Offer shall be made for not less than $10.0 million in aggregate principal amount of Term Loans; provided that subject to the foregoing the Borrower may at its election specify (A) as
a condition (a “Minimum Tender Condition”) to consummating any such Permitted Debt Exchange that a minimum amount (to be determined and specified in the relevant Permitted Debt Exchange Offer in the Borrower’s discretion) of
Term Loans of any or all applicable Classes be tendered and/or (B) as a condition (a “Maximum Tender Condition”) to consummating any such Permitted Debt Exchange that no more than a maximum amount (to be determined and
specified in the relevant Permitted Debt Exchange Offer in the Borrower’s discretion) of Term Loans of any or all applicable Classes will be accepted for exchange. The Administrative Agent and the Lenders hereby acknowledge and agree that the
provisions of Sections 2.05, 2.06, and 2.13 do not apply to the Permitted Debt Exchange and the other transactions contemplated by this Section 2.19 and hereby agree not to assert any Default or Event of Default in connection with the
implementation of any such Permitted Debt Exchange or any other transaction contemplated by this Section 2.19. 
 (3) In connection with
each Permitted Debt Exchange, the Borrower shall provide the Administrative Agent at least five (5) Business Days’ (or such shorter period as may be agreed by the Administrative Agent) prior written notice thereof, and the Borrower and the
Administrative Agent, acting reasonably, shall mutually agree to such procedures as may be necessary or advisable to accomplish the purposes of this Section 2.19; provided that the terms of any Permitted Debt Exchange Offer shall provide
that the date by which the relevant Lenders are required to indicate their election to participate in such Permitted Debt Exchange shall be not less than five (5) Business Days following the date on which the Permitted Debt Exchange Offer is
made. The Borrower shall provide the final results of such Permitted Debt Exchange to the Administrative Agent no later than three (3) Business Days prior to the proposed date of effectiveness for such Permitted Debt Exchange (or such shorter
period agreed to by the Administrative Agent in its sole discretion) and the Administrative Agent shall be entitled to conclusively rely on such results. 

(4) The Borrower shall be responsible for compliance with, and hereby agrees to comply with, all applicable securities and other laws in
connection with each Permitted Debt Exchange, it being understood and agreed that (i) neither the Administrative Agent nor any Lender assumes any responsibility in connection with the Borrower’s compliance with such laws in connection with
any Permitted Debt Exchange and (ii) each Lender shall be solely responsible for its compliance with any applicable “insider trading” laws and regulations to which such Lender may be subject under the Exchange Act. 

Section 2.20 Replacement Loans. This Agreement may be amended with the written consent of the Borrower and the Lenders providing
the Replacement Loans (as defined below) to permit the refinancing of all outstanding Term Loans of any Class (“Replaced Loans”) with replacement term loans (“Replacement Loans”) hereunder; provided that:

 (1) the aggregate principal amount of such Replacement Loans shall not exceed the aggregate principal amount of such Replaced Loans,
plus accrued interest, fees, premiums (if any) and penalties thereon and fees and expenses incurred in connection with such refinancing of Replaced Loans with such Replacement Loans, 

  
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 (2) the Weighted Average Life to Maturity of such Replacement Loans shall not be shorter
than the Weighted Average Life to Maturity of such Replaced Loans at the time of such refinancing; and 
 (3) all other terms (other than
with respect to pricing, premiums and optional prepayment or redemption terms) applicable to such Replacement Loans shall be substantially identical to, or no more favorable taken as a whole (in each case as determined by the Borrower in its
reasonable judgment) to the Lenders providing such Replacement Loans than, those applicable to such Replaced Loans, except to the extent (x) necessary to provide for covenants and other terms applicable to any period after the Latest Maturity
Date of the Loans in effect immediately prior to such refinancing or (y) consistent with market terms and conditions at the time of incurrence or effectiveness (as determined by the Borrower in good faith). 

ARTICLE III 
 TAXES, INCREASED
COSTS PROTECTION AND ILLEGALITY 
 Section 3.01 Taxes. 

(1) Except as required by applicable Law, any and all payments by any Loan Party to or for the account of any Agent or any Lender under any
Loan Document shall be made free and clear of and without deduction or withholding for any Taxes. 
 (2) If any Loan Party or any other
applicable withholding agent is required by applicable Law (as determined in the good faith discretion of such Loan Party or withholding agent) to make any deduction or withholding on account of any Taxes from any sum paid or payable by or on behalf
of any Loan Party to any Lender or Agent under any of the Loan Documents: 
 (a) the applicable Loan Party shall notify the
Administrative Agent of any such requirement or any change in any such requirement as soon as such Loan Party becomes aware of it; 

(b) the applicable Loan Party or other applicable withholding agent shall be entitled to make such deduction or withholding and
shall pay any amounts deducted or withheld to the relevant Governmental Authority for any such Tax before the date on which penalties attach thereto, such payment to be made (if the liability to pay is imposed on any Loan Party) for its own account
or (if that liability is imposed on the Lender or Agent) on behalf of and in the name of the Lender or Agent (as applicable); 

(c) if the Tax in question is a Non-Excluded Tax or Other Tax, the sum payable to such
Lender or Agent (as applicable) shall be increased by such Loan Party to the extent necessary to ensure that, after the making of any required deduction or withholding for Non-Excluded Taxes or Other Taxes
(including any deductions or withholdings for Non-Excluded Taxes or Other Taxes attributable to any payments required to be made under this Section 3.01), the Lender or the Agent (as applicable) receives
on the due date a net sum equal to what it would have received had no such deduction or withholding been required or made; and 

  
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 (d) within thirty days after paying any sum from which it is required by Law
to make any deduction or withholding, and within thirty days after the due date of payment of any Tax which it is required by clause (b) above to pay, the Borrower shall deliver to the Administrative Agent evidence reasonably satisfactory to
the other affected parties of such deduction or withholding and of the remittance thereof to the relevant Governmental Authority. 
 (3)
Status of Lender. The Administrative Agent and each Lender shall, at such times as are reasonably requested by the Borrower or the Administrative Agent, provide the Borrower and the Administrative Agent with any documentation prescribed by
Laws or reasonably requested by the Borrower or the Administrative Agent certifying as to any entitlement of such Lender to an exemption from, or reduction in, withholding Tax with respect to any payments to be made to such Lender under any Loan
Document. Each such Lender shall, whenever a lapse in time or change in circumstances renders such documentation (including any specific documentation required below in this Section 3.01(3)) obsolete, expired or inaccurate in any material
respect, deliver promptly to the Borrower and the Administrative Agent updated or other appropriate documentation (including any new documentation reasonably requested by the Borrower or the Administrative Agent) or promptly notify the Borrower and
Administrative Agent of its inability to do so. 
 Without limiting the foregoing: 

(a) Each U.S. Lender shall deliver to the Borrower and the Administrative Agent on or before the date on which such Lender
becomes a party to this Agreement two properly completed and duly signed copies of Internal Revenue Service Form W-9 certifying that such Lender is exempt from U.S. federal backup withholding. 

(b) Each Foreign Lender shall deliver to the Borrower and the Administrative Agent on or before the date on which such Lender
becomes a party to this Agreement (and from time to time thereafter upon the request of the Borrower or the Administrative Agent) whichever of the following is applicable: 

(i) two properly completed and duly signed copies of Internal Revenue Service Form
W-8BEN or W-8BEN-E, as applicable (or any successor forms) claiming eligibility for the benefits of an income tax treaty to which
the United States is a party, and such other documentation as required under the Code, 
 (ii) two properly completed and
duly signed copies of Internal Revenue Service Form W-8ECI (or any successor forms), 

(iii) in the case of a Foreign Lender claiming the benefits of the exemption for portfolio interest under Section 871(h)
or Section 881(c) of the Code, (A) two properly completed and duly signed certificates substantially in the form of Exhibit H (any such certificate, a “United States Tax Compliance Certificate”)
and (B) two properly completed and duly signed copies of Internal Revenue Service Form W-8BEN or W-8BEN-E, as applicable (or
any successor forms), 

  
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 (iv) to the extent a Foreign Lender is not the beneficial owner (for
example, where the Foreign Lender is a partnership or a participating Lender), executed originals of Internal Revenue Service Form W-8IMY (or any successor forms) of the Foreign Lender, accompanied by a Form W-8ECI, Form W-8BEN or W-8BEN-E, as applicable, a United States Tax Compliance Certificate,
Form W-9, Form W-8IMY and any other required information (or any successor forms) from each beneficial owner that would be required under this Section 3.01(3) if
such beneficial owner were a Lender, as applicable (provided that if one or more beneficial owners are claiming the portfolio interest exemption, the United States Tax Compliance Certificate may be provided by such Foreign Lender on behalf of
such beneficial owner), or 
 (v) two properly completed and duly signed copies of any other form prescribed by applicable
U.S. federal income tax laws (including the Treasury Regulations) as a basis for claiming a complete exemption from, or a reduction in, United States federal withholding Tax on any payments to such Lender under the Loan Documents. 

(c) If a payment made to a Lender under any Loan Document would be subject to Tax imposed by FATCA if such Lender were to fail
to comply with the applicable reporting requirements of FATCA (including those contained in Sections 1471(b) or 1472(b) of the Code, as applicable), such Lender shall deliver to the Borrower and the Administrative Agent at the time or times
prescribed by law and at such time or times reasonably requested by the Borrower or the Administrative Agent such documentation prescribed by applicable law (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 and the Administrative Agent to comply with their obligations under FATCA and to determine that such Lender has complied with such
Lender’s obligations under FATCA or to determine the amount to deduct and withhold from such payment. Solely for purposes of this paragraph, the term “FATCA” shall include any amendments made to FATCA after the date of this Agreement.

 Notwithstanding any other provision of this clause (c), a Lender shall not be required to deliver any form that such Lender is not legally eligible to
deliver. 
 (4) In addition to the payments by a Loan Party required by Section 3.01(2), the Borrower shall pay any Other Taxes to the
relevant Governmental Authority in accordance with applicable law. 
 (5) The Loan Parties shall, jointly and severally, indemnify a Lender
or Agent (each a “Tax Indemnitee”), within 10 days after written demand therefor, for the full amount of any Non-Excluded Taxes paid or payable by such Tax Indemnitee on or attributable to any
payment under or with respect to any Loan Document, and any Other Taxes payable by such Tax Indemnitee (including Non-Excluded Taxes or Other Taxes imposed on or attributable to amounts payable under this
Section 3.01), whether or not such Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability prepared in good faith and delivered by the Tax
Indemnitee or by the Administrative Agent on its own behalf or on behalf of another Tax Indemnitee, shall be conclusive absent manifest error. 

  
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 (6) If and to the extent that a Tax Indemnitee, in its sole discretion (exercised in good
faith), determines that it has received a refund of any Taxes as to which it has been indemnified pursuant to this Section 3.01 (including by the payment of additional amounts pursuant to this Section 3.01), then such Tax Indemnitee shall
pay to the relevant Loan Party the amount of such refund, net of all out-of-pocket expenses of the Tax Indemnitee (including any Taxes imposed with respect to such
refund), and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund); provided that the Loan Party, upon the request of the Tax Indemnitee, agrees to repay the amount paid over by the
Tax Indemnitee (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) to the Tax Indemnitee to the extent the Tax Indemnitee is required to repay such refund to such Governmental Authority.
Notwithstanding anything to the contrary in this paragraph (6), in no event will the Tax Indemnitee be required to pay any amount to a Loan Party pursuant to this paragraph (6) the payment of which would place the Tax Indemnitee in a less
favorable net after-Tax position than the Tax Indemnitee 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. This subsection shall not be construed to require a Tax Indemnitee to make available its Tax returns (or any other information relating to its Taxes
that it deems confidential) to any Loan Party or any other Person. 
 (7) The agreements in this Section 3.01 shall survive the
termination of this Agreement and the payment of the Loans and all other amounts payable hereunder. 
 Section 3.02 Illegality.
If any Lender reasonably determines that any Change in Law has made it unlawful, or that any Governmental Authority has asserted that it is unlawful, for such Lender or its applicable Lending Office to make, maintain or fund Loans whose interest is
determined by reference to the Eurodollar Rate, or to determine or charge interest rates based upon the Eurodollar Rate, or any Governmental Authority has imposed material restrictions on the authority of such Lender to purchase or sell, or to take
deposits of, Dollars in the London interbank market, then, on written notice thereof by such Lender to the Borrower through the Administrative Agent, (1) any obligation of such Lender to make or continue Eurodollar Rate Loans or to convert Base
Rate Loans to Eurodollar Rate Loans shall be suspended, and (2) if such notice asserts the illegality of such Lender making or maintaining Base Rate Loans the interest rate on which is determined by reference to the Eurodollar Rate component of
the Base Rate, the interest rate on which Base Rate Loans of such Lender shall, if necessary to avoid such illegality, be reasonably determined by the Administrative Agent without reference to the Eurodollar Rate component of the Base Rate, in each
case until such Lender notifies the Administrative Agent and the Borrower that the circumstances giving rise to such determination no longer exist. Upon receipt of such notice, (a) the Borrower may revoke any pending request for a Borrowing of,
conversion to or continuation of Eurodollar Rate Loans and shall, upon demand from such Lender (with a copy to the Administrative Agent), prepay or, if applicable, convert all Eurodollar Rate Loans of such Lender to Base Rate Loans (the interest
rate on which Base Rate Loans of such Lender shall, if necessary to avoid such illegality, be determined by the Administrative Agent without reference to the Eurodollar Rate component of the Base Rate) and (b) if such notice asserts the
illegality of 

  
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such Lender determining or charging interest rates based upon the Eurodollar Rate component of the Base Rate with respect to any Base Rate Loans, the Administrative Agent shall during the period
of such suspension compute the Base Rate applicable to such Lender without reference to the Eurodollar Rate component thereof until the Administrative Agent is advised in writing by such Lender that it is no longer illegal for such Lender to
determine or charge interest rates based upon the Eurodollar Rate. Upon any such prepayment or conversion, the Borrower shall also pay accrued interest on the amount so prepaid or converted. 

Section 3.03 Inability to Determine Rates. Notwithstanding anything to the contrary herein or in any other Loan Document: 

(1) On March 5, 2021 the Financial Conduct Authority (“FCA”), the regulatory supervisor of LIBOR’s administrator
(“IBA”), announced in a public statement the future cessation or loss of representativeness of overnight/Spot Next, 1-week, 1-month, 2-month, 3-month, 6-month and 12- month U.S. dollar LIBOR tenor settings. On the earliest
of (A) the date that all Available Tenors of U.S dollar LIBOR have permanently or indefinitely ceased to be provided by IBA or have been announced by the FCA pursuant to public statement or publication of information to be no longer
representative, (B) June 30, 2023 and (C) the Early Opt-in Effective Date in respect of a SOFR Early Opt-in, if the then-current Benchmark is the Adjusted
Eurodollar Rate, the Benchmark Replacement will replace such Benchmark for all purposes hereunder and under any Loan Document in respect of any setting of such Benchmark on such day and all subsequent settings without any amendment to, or further
action or consent of any other party to this Agreement or any other Loan Document. If the Benchmark Replacement is Daily Simple SOFR, all interest payments will be payable on a quarterly basis. 

(2) 
 (a) Upon
(A) the occurrence of a Benchmark Transition Event or (B) a determination by the Administrative Agent that neither of the alternatives under clause (1) of the definition of Benchmark Replacement are available, the Benchmark
Replacement will replace the then-current Benchmark for all purposes hereunder and under any Loan Document in respect of any Benchmark setting at or after 5:00 p.m. on the fifth (5th) Business Day after the date notice of such Benchmark Replacement
is provided to the Lenders without any amendment to, or further action or consent of any other party to, this Agreement or any other Loan Document so long as the Administrative Agent has not received, by such time, written notice of objection to
such Benchmark Replacement from Lenders comprising the Required Lenders (and any such objection shall be conclusive and binding absent manifest error). 

(b) On the Early Opt-in Effective Date in respect of an Other Rate Early Opt-in, the Benchmark Replacement will replace the Adjusted Eurodollar Rate for all purposes hereunder and under any Loan Document in respect of any setting of such 

Benchmark on such day and all subsequent settings without any amendment to, or further action or consent of any other party to
this Agreement or any other Loan Document. 

  
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 (3) At any time that the administrator of the then-current Benchmark has permanently or
indefinitely ceased to provide such Benchmark or such Benchmark has been announced by the regulatory supervisor for the administrator of such Benchmark pursuant to public statement or publication of information to be no longer representative of the
underlying market and economic reality that such Benchmark is intended to measure and that representativeness will not be restored, the Borrower may revoke any request for a borrowing of, conversion to or continuation of Loans to be made, converted
or continued that would bear interest by reference to such Benchmark until the Borrower’s receipt of notice from the Administrative Agent that a Benchmark Replacement has replaced such Benchmark, and, failing that, the Borrower will be deemed
to have converted any such request into a request for a borrowing of or conversion to Base Rate Loans. During the period referenced in the foregoing sentence, the component of Base Rate based upon the Benchmark will not be used in any determination
of Base Rate. 
 (4) In connection with the implementation and administration of a Benchmark Replacement, the Administrative Agent will have
the right to make Benchmark Replacement Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing such Benchmark Replacement Conforming Changes will become
effective without any further action or consent of any other party to this Agreement. 
 (5) The Administrative Agent will promptly notify
the Borrower and the Lenders of (A) the implementation of any Benchmark Replacement and (B) the effectiveness of any Benchmark Replacement Conforming Changes. Any determination, decision or election that may be made by the Administrative
Agent pursuant to this Section 3.03, including any determination with respect to a tenor, rate or adjustment or of the occurrence or non-occurrence of an event, circumstance or date and any decision to
take or refrain from taking any action, will be conclusive and binding absent manifest error and may be made in its sole discretion and without consent from any other party hereto, except, in each case, as expressly required pursuant to this
Section 3.03. 
 (6) At any time (including in connection with the implementation of a Benchmark Replacement), (A) if the then-current
Benchmark is a term rate (including Term SOFR or the Adjusted Eurodollar Rate), then the Administrative Agent may remove any tenor of such Benchmark that is unavailable or non-representative for Benchmark
(including Benchmark Replacement) settings and (B) the Administrative Agent may reinstate any such previously removed tenor for Benchmark (including Benchmark Replacement) settings. 

Section 3.04 Increased Cost and Reduced Return; Capital Adequacy; Reserves on Eurodollar Rate Loan. 

(1) Increased Costs Generally. If any Change in Law shall: 

(a) impose, modify or deem applicable any reserve, special deposit, compulsory loan, insurance charge or similar requirement
against assets of, deposits with or for the account of, or credit extended or participated in by, any Lender; 
 (b) subject
any Lender to any Tax of any kind whatsoever with respect to this Agreement or any Eurodollar Rate Loan made by it, or change the basis of taxation of payments to such Lender in respect thereof (except for
Non-Excluded Taxes or Other Taxes covered by Section 3.01 and any Excluded Taxes); or 

  
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 (c) impose on any Lender or the London interbank market any other condition,
cost or expense affecting this Agreement or Eurodollar Rate Loans made by such Lender that is not otherwise accounted for in the definition of “Eurodollar Rate” or this clause (c); 

and the result of any of the foregoing shall be to increase the cost to such Lender of making, converting to, continuing or maintaining any Loan the interest
on which is determined by reference to the Eurodollar Rate (or of maintaining its obligation to make any such Loan), or to increase the cost to such Lender, or to reduce the amount of any sum received or receivable by such Lender hereunder (whether
of principal, interest or any other amount) then, from time to time within fifteen (15) days after demand by such Lender setting forth in reasonable detail such increased costs (with a copy of such demand to the Administrative Agent), 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; provided that such amounts shall only be payable by the Borrower to the applicable
Lender under this Section 3.04(1) so long as it is such Lender’s general policy or practice to demand compensation in similar circumstances under comparable provisions of other financing agreements. 

(2) Capital Requirements. If any Lender reasonably determines that any Change in Law affecting such Lender or any Lending Office of such
Lender or such Lender’s holding company, if any, regarding capital 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, the Commitments of such Lender or the Loans made by it, to a level below that which such Lender or such Lender’s holding company, as the case may be, 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), then from time to time upon demand of such Lender setting forth in reasonable detail the charge and the calculation
of such reduced rate of return (with a copy of such demand to the Administrative Agent), the Borrower will pay to such Lender additional amount or amounts as will compensate such Lender or such Lender’s holding company for any such reduction
suffered; provided that such amounts shall only be payable by the Borrower to the applicable Lender under this Section 3.04(2) so long as it is such Lender’s general policy or practice to demand compensation in similar circumstances
under comparable provisions of other financing agreements. 
 (3) Certificates for Reimbursement. 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 subsection (1) or (2) of this Section 3.04 and delivered to the Borrower shall be conclusive absent manifest
error. The Borrower shall pay such Lender, as the case may be, the amount shown as due on any such certificate within fifteen (15) days after receipt thereof. 

Section 3.05 Funding Losses. Upon written demand of any Lender (with a copy to the Administrative Agent) from time to time, which
demand shall set forth in reasonable detail the basis for requesting such amount, the Borrower shall promptly compensate such Lender for and hold such Lender harmless from any loss, cost or expense (excluding loss of anticipated profits or margin)
actually incurred by it as a result of: 

  
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 (1) any continuation, conversion, payment or prepayment of any Eurodollar Rate Loan on a day
prior to the last day of the Interest Period for such Loan (whether voluntary, mandatory, automatic, by reason of acceleration, or otherwise); 

(2) any failure by the Borrower (for a reason other than the failure of such Lender to make a Loan) to prepay, borrow, continue or convert any
Eurodollar Rate Loan on the date or in the amount notified by the Borrower; or 
 (3) any assignment of a Eurodollar Rate Loan on a day prior
to the last day of the Interest Period therefor as a result of a request by the Borrower pursuant to Section 3.07; including any loss or expense (excluding loss of anticipated profits or margin) actually incurred by reason of the liquidation or
reemployment of funds obtained by it to maintain such Eurodollar Rate Loan or from fees payable to terminate the deposits from which such funds were obtained. 

Notwithstanding the foregoing, no Lender may make any demand under this Section 3.05 with respect to the “floor” specified in
the proviso to the definition of “Eurodollar Rate”. 
 Section 3.06 Matters Applicable to All Requests for
Compensation. 
 (1) Designation of a Different Lending Office. If any Lender requests compensation under Section 3.04, or
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 3.01, or if any Lender gives a notice pursuant to Section 3.02, 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 good faith judgment of such Lender
such designation or assignment (a) would eliminate or reduce amounts payable pursuant to Section 3.01 or 3.04, as the case may be, in the future, or eliminate the need for the notice pursuant to Section 3.02, as applicable, and
(b) in each case, would not subject such Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender in any material economic, legal or regulatory respect. 

(2) Suspension of Lender Obligations. If any Lender requests compensation by the Borrower under Section 3.04, the Borrower may, by
notice to such Lender (with a copy to the Administrative Agent), suspend the obligation of such Lender to make or continue Eurodollar Rate Loans from one Interest Period to another Interest Period, or to convert Base Rate Loans into Eurodollar Rate
Loans until the event or condition giving rise to such request ceases to be in effect (in which case the provisions of Section 3.06(3) shall be applicable); provided that such suspension shall not affect the right of such Lender to
receive the compensation so requested. 
 (3) Conversion of Eurodollar Rate Loans. If any Lender gives notice to the Borrower (with a
copy to the Administrative Agent) that the circumstances specified in Section 3.02, 3.03 or 3.04 hereof that gave rise to the conversion of such Lender’s Eurodollar Rate Loans no longer exist (which such Lender agrees to do promptly upon
such circumstances ceasing to exist) at a time when Eurodollar Rate Loans made by other Lenders, as applicable, are outstanding, such Lender’s Base Rate Loans shall be automatically converted, on the first day(s) of the next succeeding Interest
Period(s) for such outstanding Eurodollar Rate Loans to the extent necessary so that, after giving effect thereto, all Loans of a given Class held by the Lenders of such Class holding Eurodollar Rate Loans and by such Lender are held pro
rata (as to principal amounts, interest rate basis, and Interest Periods) in accordance with their respective Pro Rata Shares. 

  
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 (4) Delay in Requests. Failure or delay on the part of any Lender to demand
compensation pursuant to the foregoing provisions of Sections 3.01 or 3.04 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 the foregoing provisions of Section 3.01 or 3.04 for any increased costs incurred or reductions suffered more than one hundred and eighty (180) days prior to the date that such Lender notifies the Borrower of the event giving
rise to such claim and of such Lender’s intention to claim compensation therefor (except that, if the circumstance giving rise to such increased costs or reductions is retroactive, then the 180-day period
referred to above shall be extended to include the period of retroactive effect thereof). 
 Section 3.07 Replacement of Lenders
under Certain Circumstances. If (1) any Lender requests compensation under Section 3.04 or ceases to make Eurodollar Rate Loans as a result of any condition described in Section 3.02 or Section 3.04, (2) 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 3.01 or 3.04, (3) any Lender is a Non-Consenting Lender or Non-Extended Lender, (4) any Lender becomes a Defaulting Lender or (5) any other circumstance exists hereunder that gives the Borrower the right to replace a Lender as a party hereto, then the Borrower
may, at its sole expense and effort, upon notice to such Lender and the Administrative Agent: 
 (a) require such Lender to
assign and delegate, without recourse (in accordance with and subject to the restrictions contained in, and consents required by, Section 10.07), all of its interests, rights and obligations under this Agreement (or, with respect to clause
(3) above, all of its interests, rights and obligations with respect to the Class of Loans or Commitments that is the subject of the related consent, waiver, or amendment, as applicable) and the related Loan Documents to one or more
Eligible Assignees that shall assume such obligations (any of which assignee may be another Lender, if a Lender accepts such assignment); provided that: 

(i) the Borrower shall have paid to the Administrative Agent the assignment fee specified in Section 10.07(b)(iv); 

(ii) such Lender shall have received payment of an amount equal to the applicable outstanding principal of its Loans, accrued
interest thereon, accrued fees and all other amounts payable to it hereunder and under the other Loan Documents (including any amounts under Section 3.05 and, in the case of a Repricing Transaction, any “prepayment premium” pursuant
to Section 2.18 that would otherwise be owed in connection therewith) 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); 

(iii) such Lender being replaced pursuant to this Section 3.07 shall (i) execute and deliver an Assignment and
Assumption with respect to all, or a portion, as applicable, of such Lender’s Commitment and outstanding Loans and (ii) deliver any Term Notes evidencing such Loans to the Borrower or Administrative Agent (or a lost or destroyed note
indemnity in lieu thereof); provided that the failure of any such Lender to execute an Assignment and Assumption or deliver such Term Notes shall not render such sale and purchase (and the corresponding assignment) invalid and such assignment
shall be recorded in the Register and the Term Notes shall be deemed to be canceled upon such failure; 

  
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 (iv) the Eligible Assignee shall become a Lender hereunder and the assigning
Lender shall cease to constitute a Lender hereunder with respect to such assigned Loans and Commitments, except with respect to indemnification and confidentiality provisions under this Agreement, which shall survive as to such assigning Lender;

 (v) in the case of any such assignment resulting from a claim for compensation under Section 3.04 or payments
required to be made pursuant to Section 3.01, such assignment will result in a reduction in such compensation or payments thereafter; 

(vi) such assignment does not conflict with applicable Laws; 

(vii) the Lender that acts as Administrative Agent cannot be replaced in its capacity as Administrative Agent other than in
accordance with Section 9.11, and 
 (viii) in the case of any such assignment from a Lender becoming a Non-Consenting Lender in connection with a Refinancing Amendment, the applicable Eligible Assignee shall have agreed to, and shall be sufficient (together with all other consenting Lenders) to cause the adoption of
the applicable Refinancing Amendment; or 
 (b) terminate the Commitment of such Lender and in the case of a Lender,
repay all Obligations of the Borrower owing to such Lender relating to the Loans held by such Lender as of such termination date (including in the case of a Repricing Transaction, any “prepayment premium” pursuant to Section 2.18 that
would otherwise be owed in connection therewith); provided that in the case of any such termination of the Commitment of a Non-Consenting Lender such termination shall be sufficient (together with all
other consenting Lenders) to cause the adoption of the applicable consent, waiver or amendment of the Loan Documents and such termination shall, with respect to clause (3) above, be in respect of all of its interests, rights and obligations
with respect to the Class of Loans or Commitments that is the subject of the related consent, waiver and amendment. 
 In the event
that (i) the Borrower or the Administrative Agent has requested that the Lenders consent to a departure or waiver of any provisions of the Loan Documents or agree to any amendment thereto, (ii) the consent, waiver or amendment in question
requires the agreement of each Lender, all affected Lenders or all the Lenders or all affected Lenders with respect to a certain Class or Classes of the Loans/Commitments and (iii) the Required Lenders or Required Facility Lenders, as
applicable, have agreed to such consent, waiver or amendment, then any Lender who does not agree to such consent, waiver or amendment shall be deemed a “Non-Consenting Lender.” 

  
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 A Lender shall not be required to make any such assignment or 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. 

Section 3.08 Survival. All of the Borrower’s obligations under this Article III shall survive termination of the
Aggregate Commitments, repayment, satisfaction or discharge of all other Obligations under this Agreement and resignation of the Administrative Agent. 

ARTICLE IV 
 CONDITIONS PRECEDENT
TO TERM BORROWINGS 
 Section 4.01 Conditions to Term Borrowings on Closing Date. The obligation of each Lender to make the
Closing Date Term Loans on the Closing Date is subject to satisfaction (or waiver) of the following conditions precedent: 
 (1) The
Administrative Agent’s receipt of the following, each of which shall be originals, facsimiles or copies in.pdf format (followed promptly by originals) unless otherwise reasonably agreed by the Administrative Agent) unless otherwise specified,
each properly executed by a Responsible Officer of the signing Loan Party: 
 (a) a Committed Loan Notice; 

(b) executed counterparts of this Agreement and the Guaranty; 

(c) each Collateral Document set forth on Schedule 4.01(1)(c) required to be executed on the Closing
Date as indicated on such schedule, duly executed by each Loan Party that is party thereto, together with: 
 (i)
certificates, if any, representing the Pledged Collateral referred to therein, and to the extent certificated, accompanied by undated stock or note powers executed in blank; and 

(ii) evidence that all UCC-1 financing statements (or register of mortgages and
charges, as applicable) in the jurisdiction of organization of each Loan Party that the Administrative Agent and the Collateral Agent may deem reasonably necessary to satisfy the Collateral and Guarantee Requirement shall have been provided for, and
arrangements for the filing thereof in a manner reasonably satisfactory to the Administrative Agent shall have been made; 

(d) (I) a copy of the certificate or articles of incorporation, including all amendments thereto, of each Loan Party,
certified as of a recent date by the secretary of state of the state of organization of such Loan Party, and the other Organizational Documents of such Loan Party, (II) certificates of good standing from the secretary of state of the state of
organization of each Loan Party (to the extent such concept exists in such 

  
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jurisdiction), (iii) customary certificates of resolutions or other action and (IV) incumbency certificates or other certificates of Responsible Officers of each Loan Party evidencing the
identity, authority and capacity of each Responsible Officer thereof authorized to act as a Responsible Officer in connection with this Agreement and the other Loan Documents to which such Loan Party is a party or is to be a party on the Closing
Date; 
 (e) a customary legal opinion from Kirkland & Ellis LLP, special counsel to the Loan Parties; and 

(f) a solvency certificate from a Financial Officer of the Borrower (after giving effect to the Transactions) substantially in
the form attached hereto as Exhibit I. 
 (2) The Arrangers shall have received (i) Audited Financial
Statements and (ii) the Pro Forma Financial Statements. 
 (3) The Administrative Agent and the Arrangers shall have received at least
two (2) Business Days prior to the Closing Date, (a) all documentation and other information in respect of the Loan Parties reasonably determined by the Administrative Agent or the Arrangers to be required by U.S. regulatory
authorities required under applicable “know your customer” and anti-money laundering rules and regulations, including the USA PATRIOT Act, that has been reasonably requested by the Administrative Agent or the Arrangers in writing by it at
least ten (10) Business Days prior to the Closing Date and (b) a Beneficial Ownership Certification in relation to any Loan Party that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation. 

(4) The Arrangers shall have received a certification by a Responsible Officer of the Borrower that the conditions set forth in clauses
(5) and (6) of this Section 4.01 have been satisfied (which may be in the form of the Closing Date Committed Loan Notice). 
 (5)
The representations and warranties contained in Article V hereof shall be true and correct in all material respects on and as of the Closing Date; provided that to the extent such representations and warranties specifically refer to an
earlier date, they shall be true and correct in all material respects as of such earlier date; provided further that, any representation and warranty that is qualified as to “materiality,” “Material Adverse Effect” or
similar language shall be true and correct (after giving effect to any qualification therein) in all respects on such respective dates. 

(6) There shall not have occurred any event since the date of the Audited Financial Statements that constitutes a Material Adverse Effect. 

(7) All fees required to be paid on the Closing Date, including pursuant to the Engagement Letter, Agency Fee Letter and reasonable out-of-pocket expenses required to be paid on the Closing Date pursuant to the Engagement Letter, to the extent invoiced at least 3 Business Days prior to the Closing Date
shall have been paid in full in cash substantially concurrently with the borrowing of the Closing Date Term Loans (which amounts may, at the option of the Borrower, be offset against the proceeds of the Closing Date Term Loans). 

(8) The Administrative Agent shall have received the ABL Intercreditor Agreement acknowledged and delivered by the Borrower and the other Loan
Parties thereto. 

  
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 Without limiting the generality of the provisions of the last paragraph of
Section 9.03, for purposes of determining compliance with the conditions specified in this Section 4.01, each Lender that has signed this Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with, each
document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to a Lender unless the Administrative Agent shall have received notice from such Lender prior to the proposed Closing Date specifying its
objection thereto. 
 ARTICLE V 

REPRESENTATIONS AND WARRANTIES 

Each of Holdings (solely with respect to Sections 5.01, 5.02, 5.03, 5.10, 5.12
5.13 and 5.17) and the Borrower represents and warrants to the Administrative Agent and the Lenders, that at the time of each applicable Term Borrowing (solely to the extent required to be true and correct for such Term Borrowing
pursuant to Article IV or Section 2.14, as applicable): 
 Section 5.01 Existence, Qualification and Power; Compliance
with Laws. Each Loan Party and each of its respective Restricted Subsidiaries that is a Material Subsidiary: 
 (1) is a Person duly
organized, registered or formed (as applicable), validly existing and in good standing under the Laws of the jurisdiction of its incorporation, formation or organization (as applicable) (to the extent such concept exists in such jurisdiction), 

(2) has all corporate or other organizational power and authority to (a) own or lease its assets and carry on its business as currently
conducted and (b) in the case of the Loan Parties, execute, deliver and perform its obligations under the Loan Documents to which it is a party, 

(3) is duly qualified and in good standing (to the extent such concept exists) under the Laws of the jurisdiction of its incorporation,
formation or organization or of each jurisdiction where its ownership, lease or operation of properties or the conduct of its business as currently conducted requires such qualification, 

(4) is in compliance with all applicable Laws, orders, writs, injunctions and orders, and 

(5) has all requisite governmental licenses, authorizations, consents and approvals to operate its business as currently conducted; 

except in each case referred to in the preceding clauses (1) (other than with respect to Holdings and Borrower) (2)(a), (3), (4) or (5), to the extent that
failure to do so would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect. 
 Section 5.02
Authorization; No Contravention. 
 (1) The execution, delivery and performance by each Loan Party of each Loan Document to which such
Person is a party have been duly authorized by all necessary corporate or other organizational action. 

  
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 (2) None of the execution, delivery and performance by each Loan Party of each Loan Document
to which such Person is a party will: 
 (a) contravene the terms of any of such Person’s Organizational Documents; 

(b) result in any breach or contravention of, or the creation of any Lien upon any of the property or assets of such Person or
any of the Restricted Subsidiaries (other than as permitted by Section 7.01) under (i) any Contractual Obligation in excess of the Threshold Amount to which such Loan Party is a party or affecting such Loan Party or the properties of such
Loan party or any of its Subsidiaries or (ii) any order, injunction, writ or decree of any Governmental Authority or any arbitral award to which such Loan Party or its property is subject; or 

(c) violate any applicable Law; 

except with respect to any breach, contravention or violation (but not creation of Liens) referred to in the preceding clauses (b) and (c), to the extent
that such breach, contravention or violation would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect. 

Section 5.03 Governmental Authorization. No material approval, consent, exemption, authorization, or other action by, or notice
to, or filing with, any Governmental Authority is necessary or required in connection with the execution, delivery or performance by, or enforcement against, any Loan Party of this Agreement or any other Loan Document, except for: 

(1) filings and registrations necessary to perfect the Liens on the Collateral granted by the Loan Parties in favor of the Secured Parties,

 (2) the approvals, consents, exemptions, authorizations, actions, notices and filings that have been duly obtained, taken, given or made
and are in full force and effect (except to the extent not required to be obtained, taken, given or made or in full force and effect pursuant to the Collateral and Guarantee Requirement), and 

(3) those approvals, consents, exemptions, authorizations or other actions, notices or filings, the failure of which to obtain or make would
not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect. 
 Section 5.04 Binding Effect.
This Agreement and each other Loan Document has been duly executed and delivered by each Loan Party that is party hereto or thereto, as applicable. Each Loan Document constitutes a legal, valid and binding obligation of each Loan Party that is party
thereto, enforceable against each such Loan Party in accordance with its terms, except as such enforceability may be limited by Debtor Relief Laws and by general principles of equity and principles of good faith and fair dealing. 

  
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 Section 5.05 Financial Statements; No Material Adverse Effect. 

(1) 
 (a) The
Audited Financial Statements fairly present in all material respects the financial condition of the Borrower and its consolidated Subsidiaries as of the date(s) thereof and their results of operations for the period covered thereby in accordance
with GAAP consistently applied throughout the periods covered thereby, except as otherwise expressly noted therein. 
 (b)
The unaudited pro forma consolidated balance sheet and related unaudited pro forma consolidated statement of income of the Borrower and its consolidated Subsidiaries, as of and for the 12-month
period ending on or about May 1, 2021, prepared after giving effect to the Transactions as if the 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 the statement of
income) (collectively, the “Pro Forma Financial Statements”), copies of which have heretofore been furnished to the Administrative Agent, have been prepared in good faith, based on assumptions believed by the Borrower to be
reasonable as of the date of delivery thereof, and present fairly in all material respects on a pro forma basis the estimated financial position of the Borrower and its consolidated Subsidiaries as of or about May 1, 2021 and their
estimated results of operations for the period covered thereby. 
 (2) Since the Closing Date, there has been no event or circumstance,
either individually or in the aggregate, that has had or would reasonably be expected to have a Material Adverse Effect. 

Section 5.06 Litigation. As of the Closing Date, there are no actions, suits, proceedings, claims or disputes pending or, to the
knowledge of the Borrower, overtly threatened in writing, at law, in equity, in arbitration or before any Governmental Authority, by or against Holdings, the Borrower or any of the Restricted Subsidiaries that would reasonably be expected to have a
Material Adverse Effect. 
 Section 5.07 Labor Matters. Except as would not reasonably be expected to have, individually or in
the aggregate, a Material Adverse Effect: (1) there are no strikes or other labor disputes against the Borrower or the Restricted Subsidiaries pending or, to the knowledge of the Borrower, overtly threatened in writing and (2) hours worked
by and payment made based on hours worked to employees of each of the Borrower or the Restricted Subsidiaries have not been in violation of the Fair Labor Standards Act or any other applicable Laws dealing with wage and hour matters. 

Section 5.08 Ownership of Property; Liens. Each Loan Party and each of its respective Restricted Subsidiaries has good and valid
record title in fee simple to, or valid leasehold interests in, or easements or other limited property interests in, all real property necessary in the ordinary conduct of its business, free and clear of all Liens except for Liens permitted by
Section 7.01 and except where the failure to have such title or other interest would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect. 

  
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 Section 5.09 Environmental Matters. Except as would not reasonably be expected
to have, individually or in the aggregate, a Material Adverse Effect: (a) each Loan Party and each of its Restricted Subsidiaries and their respective operations and properties is in compliance with all applicable Environmental Laws;
(b) each Loan Party and each of its Restricted Subsidiaries has obtained and maintained all Environmental Permits required to conduct their operations; (c) none of the Loan Parties or any of their respective Restricted Subsidiaries has
become subject to any pending or, to the knowledge of the Borrower, threatened Environmental Claim in writing or Environmental Liability; and (d) none of the Loan Parties or any of their respective Restricted Subsidiaries or, to the knowledge
of the Borrower, predecessors has treated, stored, transported or Released Hazardous Materials at or from any currently or formerly owned, leased or operated real estate or facility in a manner that would give rise to any Environmental Liability.

 Section 5.10 Taxes. Except as would not, either individually or in the aggregate, reasonably be expected to result in a
Material Adverse Effect, each Loan Party and each of its Restricted Subsidiaries has timely filed all Tax returns and reports required to be filed, and have timely paid all Taxes (including satisfying its withholding tax obligations) levied or
imposed on their properties, income or assets (whether or not shown in a Tax return), which are due and payable, except those Taxes which are being contested in good faith by appropriate actions diligently taken and for which adequate reserves have
been provided in accordance with GAAP. There is no proposed Tax assessment, deficiency or other claim against any Loan Party or any of its Restricted Subsidiaries except (i) those being actively contested by a Loan Party or such Restricted
Subsidiary in good faith and by appropriate actions diligently taken and for which adequate reserves have been provided in accordance with GAAP or (ii) those which would not reasonably be expected to, individually or in the aggregate, have a
Material Adverse Effect. 
 Section 5.11 ERISA Compliance. 

(1) Except as would not, either individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect, each Plan is
in compliance with the applicable provisions of ERISA, the Code and other federal or state Laws. 
 (2) 

(a) No ERISA Event has occurred or is reasonably expected to occur; 

(b) none of the Loan Parties or any of their respective ERISA Affiliates has incurred, or reasonably expects to incur, any
liability (and no event has occurred which, with the giving of notice under Section 4219 of ERISA, would result in such liability) under Sections 4201 et seq. or 4243 of ERISA with respect to a Multiemployer Plan; and 

(c) none of the Loan Parties or any of their respective ERISA Affiliates has engaged in a transaction that is subject to
Sections 4069 or 4212(c) of ERISA; 
 except, with respect to each of the foregoing clauses of this Section 5.11(2), as would not reasonably be
expected, individually or in the aggregate, to result in a Material Adverse Effect. 
 (3) Except where noncompliance or the incurrence of an
obligation would not reasonably be expected to result in a Material Adverse Effect, (a) each Foreign Plan has been maintained in substantial compliance with its terms and with the requirements of any and all applicable Laws and (b) none of
Holdings, the Borrower or any Subsidiary of any of the foregoing has incurred any obligation in connection with the termination of or withdrawal from any Foreign Plan. 

  
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 Section 5.12 Subsidiaries. 

(1) As of the Closing Date and after giving effect to the Transactions, all of the outstanding Equity Interests in the Borrower and its
Subsidiaries have been validly issued and are fully paid and (if applicable) non-assessable, and all Equity Interests owned by Holdings in the Borrower, and by the Borrower or any Subsidiary Guarantor in any
of their respective Restricted Subsidiaries are owned free and clear of all Liens of any person except (a) those Liens created under the Collateral Documents and the “Collateral Documents” (as defined in the ABL Credit Agreement) and
(b) any nonconsensual Lien that is permitted under Section 7.01. 
 (2) As of the Closing Date,
Schedule 5.12 sets forth: 
 (a) the name and jurisdiction of each Subsidiary, 

(b) the ownership interests of Holdings in the Borrower and of the Borrower and any Subsidiary of the Borrower in each
Subsidiary, including the percentage of such ownership, and 
 (c) the Equity Interests of each Subsidiary described in
clause (b) that are required to be pledged on the Closing Date after giving effect to the Transactions pursuant to the Collateral and Guarantee Requirement. 

Section 5.13 Margin Regulations; Investment Company Act. 

(a) No Loan Party is engaged nor will it engage, principally or as one of its important activities, in the business of
purchasing or carrying Margin Stock (within the meaning of Regulation U issued by the Board of Governors of the Federal Reserve System of the United States), or extending credit for the purpose of purchasing or carrying Margin Stock, and no proceeds
of any Borrowings will be used for any purpose that violates Regulation U. 
 (b) No Loan Party is an “investment
company” under the Investment Company Act of 1940. 
 Section 5.14 Disclosure. None of the material written information and
written data heretofore or contemporaneously furnished in writing by or on behalf of the Borrower or any Subsidiary Guarantor to any Agent or any Lender on or prior to the Closing Date in connection with the Transactions, when taken as a whole, when
furnished, contains any material misstatement of fact or omits to state any material fact necessary to make such written information and written data taken as a whole, in the light of the circumstances under which it was delivered, not materially
misleading (after giving effect to all modifications and supplements to such written information and written data, in each case, furnished after the date on which such written information or such written data was originally delivered and prior to
the Closing Date); it being understood that for purposes of this Section 5.14, such written information and written data shall not include any projections, pro forma financial information, financial estimates, forecasts and
forward-looking information or information of a general economic or general industry nature. 

  
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 Section 5.15 Intellectual Property; Licenses, etc. The Borrower and the
Restricted Subsidiaries have good and marketable title to, or a valid license or right to use, all patents, patent rights, trademarks, service marks, trade names, copyrights, technology, software, know-how,
database rights and other intellectual property rights (collectively, “IP Rights”) that to the knowledge of the Borrower are reasonably necessary for the operation of their respective businesses as currently conducted, except where
the failure to have any such rights, either individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect. To the knowledge of the Borrower, the operation of the respective businesses of the Borrower or any
Subsidiary of the Borrower as currently conducted does not infringe upon, dilute, misappropriate or violate any IP Rights held by any Person except for such infringements, dilutions, misappropriations or violations, individually or in the aggregate,
that would not reasonably be expected to have a Material Adverse Effect. No claim or litigation regarding any IP Rights is pending or, to the knowledge of the Borrower, threatened in writing against any Loan Party or Subsidiary, that, either
individually or in the aggregate, would reasonably be expected to have a Material Adverse Effect. 
 Section 5.16 Solvency. On
the Closing Date after giving effect to the Transactions, the Borrower and its Subsidiaries, on a consolidated basis, are Solvent. 

Section 5.17 USA PATRIOT Act; Anti-Terrorism Laws; Foreign Corrupt Practices Act. To the extent applicable, Holdings, Borrower and
the Restricted Subsidiaries are in compliance, in all material respects, with (i) the USA PATRIOT Act, (ii) the United States Foreign Corrupt Practices Act of 1977 (the “FCPA”), and (iii) the Trading with the Enemy
Act, as amended, and each of the foreign assets control regulations of the United States Treasury Department (31 C.F.R. Subtitle B, Chapter V, as amended) and any other enabling legislation or executive order relating thereto. None of Holdings,
Borrower or any Restricted Subsidiary nor, to the knowledge of the Borrower, any director, officer or employee of any of Holdings, the Borrower or any of the Restricted Subsidiaries, is currently the subject of any U.S. sanctions administered
by the Office of Foreign Assets Control of the U.S. Treasury Department (“OFAC”) (“Sanctions”). None of Holdings, Borrower or any Restricted Subsidiary nor, to the knowledge of the Borrower, any director,
officer or employee of any of Holdings, the Borrower or any of the Restricted Subsidiaries is: (a) located, organized, or ordinarily resident in a country or territory that is subject to a comprehensive trade embargo administered by OFAC
(presently, Cuba, Iran, North Korea, Syria, or the Crimea region of Ukraine (collectively, “Sanctioned Countries”)); (b) identified on OFAC’s Specially Designated Nationals and Blocked Persons List (“SDNs”);
(c) majority owned by one or more SDNs (collectively with SDNs, “Sanctioned Persons”); or (d) engaged, directly or knowingly indirectly, in dealings or transactions in or with Sanctioned Countries or Sanctioned Persons that are
prohibited by Sanctions. No proceeds of the Loans will be used by Holdings, the Borrower or any Restricted Subsidiary (a) directly or, to the knowledge of the Borrower, indirectly, for any payments to any governmental official or employee,
political party, official of a political party, candidate for political office, or anyone else acting in an official capacity, in order to obtain, retain or direct business, or to obtain any improper advantage, in violation of the FCPA or
(b) for the purpose of financing activities of or with any Person, that, at the time of such financing, is the subject of any Sanctions administered by OFAC in violation of applicable Sanctions. 

  
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 Section 5.18 Collateral Documents. Except as otherwise contemplated hereby or
under any other Loan Documents and subject to limitations set forth in the Collateral and Guarantee Requirement, the provisions of the Collateral Documents, together with such filings and other actions required to be taken hereby or by the
applicable Collateral Documents (including the delivery to Collateral Agent of any Pledged Collateral required to be delivered pursuant hereto or the applicable Collateral Documents), are effective to create in favor of the Collateral Agent for the
benefit of the Secured Parties a legal, valid and enforceable Lien (subject to Liens permitted by Section 7.01) with the priority set forth in the Applicable Intercreditor Agreement on all right, title and interest of the respective Loan
Parties in the Collateral described therein. 
 Notwithstanding anything herein (including this Section 5.18) or in any other Loan
Document to the contrary, no Loan Party makes any representation or warranty as to (A) the effects of perfection or non-perfection, the priority or the enforceability of any pledge of or security interest
in any Equity Interests of any Foreign Subsidiary, or as to the rights and remedies of the Agents or any Lender with respect thereto, under foreign Law, (B) the pledge or creation of any security interest, or the effects of perfection or non-perfection, the priority or the enforceability of any pledge of or security interest to the extent such pledge, security interest, perfection or priority is not required pursuant to the Collateral and Guarantee
Requirement or (C) any Excluded Assets. 
 Section 5.19 Use of Proceeds. The Borrower has used the proceeds of the Loans
issued hereunder only in compliance with (and not in contravention of) each Loan Document. 
 ARTICLE VI 

AFFIRMATIVE COVENANTS 
 So long
as the Termination Conditions have not been satisfied, each of Holdings (solely with respect to Sections 6.04, 6.05 and 6.13) and the Borrower shall, and shall (except in the case of the covenants set forth in
Sections 6.01, 6.02 and 6.03) cause each of the Restricted Subsidiaries to: 
 Section 6.01
Financial Statements. Deliver to the Administrative Agent for prompt further distribution by the Administrative Agent to each Lender each of the following: 

(1) as soon as available, but in any event within ninety (90) days after the end of each fiscal year of the Borrower, commencing with the
fiscal year ending on or about January 29, 2022 (provided, that upon and following the consummation of a Qualifying IPO, extensions granted by the SEC for such filings shall automatically extend the corresponding financial report
deadline under this Section 6.01(1)), a consolidated balance sheet of the Borrower and its Subsidiaries as at the end of such fiscal year, and the related consolidated statements of income or operations, stockholders’ equity and cash flows
for such fiscal year, setting forth in each case in comparative form the figures for the previous fiscal year, in reasonable detail and all prepared in accordance with GAAP, audited and accompanied by a report and opinion of any independent
registered public accounting firm of nationally recognized standing or another accounting firm, which report and opinion (a) will be prepared in accordance with generally accepted auditing standards and (b) will not be subject to any
qualification as to the scope of such audit or be subject to any explanatory statement (other than an “emphasis of matter” paragraph) as to the Borrower’s ability to continue as a “going concern” or like qualification (other
than with respect to (i) an upcoming maturity of any Indebtedness permitted hereunder, (ii) any anticipated or actual inability to satisfy any financial maintenance covenant or (iii) the activities, operations, financial results,
assets or liabilities of any Unrestricted Subsidiary); 

  
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 (2) as soon as available, but in any event within forty-five (45) days after the end of
each of the first three (3) fiscal quarters of each fiscal year of the Borrower commencing with the first fiscal quarter ending after the Closing Date (provided, that upon and following the consummation of a Qualifying IPO, extensions
granted by the SEC for such filings shall automatically extend the corresponding financial report deadline under this Section 6.01(2)), a consolidated balance sheet of the Borrower and its Subsidiaries as at the end of such fiscal quarter, and
the related (a) consolidated statement of income or operations for such fiscal quarter and for the portion of the fiscal year then ended and (b) consolidated statement of cash flows for the portion of the fiscal year then ended, setting
forth, in each case of the preceding clauses (a) and (b), in comparative form the figures for the corresponding fiscal quarter of the previous fiscal year and the corresponding portion of the previous fiscal year, accompanied by an
Officer’s Certificate stating that such financial statements fairly present in all material respects the financial condition, results of operations and cash flows of the Borrower and its Subsidiaries in accordance with GAAP, subject to normal year-end adjustments and the absence of footnotes; 
 (3) within ninety (90) days after the end of
each fiscal year of the Borrower, a consolidated budget for the following fiscal year on a quarterly basis as customarily prepared by management of the Borrower for its internal use (including any projected consolidated balance sheet of the Borrower
and its Subsidiaries as of the end of the following fiscal year and the related consolidated statements of projected operations or income, in each case, to the extent prepared by management of the Borrower and included in such consolidated budget),
which projected financial statements shall be prepared in good faith on the basis of assumptions believed to be reasonable at the time of preparation of such projected financial statements (it being understood by the Secured Parties that any such
projections are not to be viewed as facts, are subject to significant uncertainties and contingencies, many of which are beyond the control of the Loan Parties and the Investors and that no assurance can be given that any particular projections will
be realized, that actual results may differ and that such differences may be material); provided that the obligations to deliver a budget under this paragraph shall cease to apply upon and following the consummation of a Qualifying IPO; 

(4) simultaneously with the delivery of each set of consolidated financial statements referred to in Sections 6.01(1) and 6.01(2), the
related unaudited (it being understood that such information may be audited at the option of the Borrower) consolidating financial statements reflecting the adjustments necessary to eliminate the accounts of Unrestricted Subsidiaries (if any) from
such consolidated financial statements; and 
 (5) quarterly, upon request of the Administrative Agent, at a time mutually agreed with the
Administrative Agent that is promptly after the delivery of the information required pursuant to Section 6.01(1) and Section 6.01(2) above (but no earlier than ten (10) Business Days after the delivery thereof), as applicable,
commencing with the delivery of information with respect to the first fiscal quarter ending after the Closing Date, to participate in a conference call for Lenders to discuss the financial position and results of operations of the Borrower and its
Subsidiaries for the most recently ended period for which financial statements have been delivered; provided that the obligations of this paragraph shall be satisfied by public investor or similar earnings release calls upon and following the
consummation of a Qualifying IPO. 

  
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 Notwithstanding the foregoing, the obligations referred to in Sections 6.01(1) and
6.01(2) may be satisfied with respect to financial information of the Borrower and its Subsidiaries by furnishing (A) the applicable financial statements of any Parent Company or (B) the Borrower’s or such Parent Company’s Form 10-K or 10-Q, as applicable, filed with the SEC (and the public filing of such report with the SEC shall constitute delivery under this Section 6.01; provided,
that upon and following the consummation of a Qualifying IPO, extensions granted by the SEC for such filings shall automatically extend the corresponding financial report deadline under this Section 6.01); provided that with respect to
each of the preceding clauses (A) and (B), (1) to the extent such information relates to a parent of the Borrower, if and so long as such Parent Company will have Independent Assets or Operations, such information is accompanied by
consolidating information that explains in reasonable detail the differences between the information relating to such Parent Company and its Independent Assets or Operations, on the one hand, and the information relating to the Borrower and the
consolidated Restricted Subsidiaries on a stand-alone basis, on the other hand and (2) to the extent such information is in lieu of information required to be provided under Section 6.01(1) (it being understood that such information may be
audited at the option of the Borrower), such materials are accompanied by a report and opinion of any independent registered public accounting firm of nationally recognized standing or another accounting firm reasonably acceptable to the
Administrative Agent, which report and opinion (x) shall be prepared in accordance with generally accepted auditing standards and (y) shall not be subject to any qualification as to the scope of such audit or be subject to any explanatory
statement (other than an “emphasis of matter” paragraph) as to the Borrower’s ability to continue as a “going concern” or like qualification (other than with respect to (i) an upcoming maturity of any Indebtedness
permitted hereunder, (ii) any anticipated or actual inability to satisfy any financial maintenance covenant or (iii) the activities, operations, financial results, assets or liabilities of any Unrestricted Subsidiary). 

Any financial statements required to be delivered pursuant to Sections 6.01(1) or 6.01(2) shall not be required to contain any purchase
accounting adjustments for transaction(s) permitted hereunder to the extent it is not practicable to include any such adjustments in such financial statements. 

Each Lender and the Administrative Agent hereby acknowledges and agrees that the Borrower and its Subsidiaries may be required to restate
historical financial statements as the result of the implementation of changes in GAAP, or the respective interpretation thereof, and that such restatements will not result in a Default or an Event of Default under the Loan Documents. 

Section 6.02 Certificates; Other Information. Deliver to the Administrative Agent for prompt further distribution by the
Administrative Agent to each Lender: 
 (1) no later than five (5) days after the delivery of the financial statements referred to in
Sections 6.01(1) and (2) (commencing with such delivery for the first full fiscal quarter ending after the Closing Date), a duly completed Compliance Certificate signed by a Financial Officer of the Borrower; 

  
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 (2) promptly after the same are publicly available, copies of all annual, regular, periodic
and special reports, proxy statements and registration statements which the Borrower or any Restricted Subsidiary files with the SEC or with any Governmental Authority that may be substituted therefor or with any national securities exchange, as the
case may be (other than amendments to any registration statement (to the extent such registration statement, in the form it became effective, is delivered to the Administrative Agent), exhibits to any registration statement and, if applicable, any
registration statement on Form S-8), and in any case not otherwise required to be delivered to the Administrative Agent pursuant to any other clause of this Section 6.02; 

(3) promptly after the furnishing thereof, copies of any notices of events of default to any holder of any class or series of debt securities
of any Loan Party having an aggregate outstanding principal amount greater than the Threshold Amount or pursuant to the ABL Facility, so long as the aggregate outstanding principal amount thereunder is greater than the Threshold Amount (in each
case, other than in connection with any board observer rights) and not otherwise required to be furnished to the Administrative Agent pursuant to any other clause of this Section 6.02; 

(4) together with the delivery of the Compliance Certificate with respect to the financial statements referred to in Section 6.01(1), (a)
a report setting forth the information required by Sections IA and IIB of the Perfection Certificate (or confirming that there has been no change in such information since the latter of the Closing Date or the last such report)and (b) a
list of each Subsidiary of Holdings that identifies each Subsidiary as a Restricted Subsidiary or an Unrestricted Subsidiary as of the date of delivery of such list or a confirmation that there is no change in such information since the later of the
Closing Date and the last such list; and 
 (5) promptly, such additional information regarding the financial affairs of any Loan Party or
any Material Subsidiary that is a Restricted Subsidiary as the Administrative Agent may from time to time on its own behalf or on behalf of any Lender reasonably request in writing from time to time. 

Documents required to be delivered pursuant to Section 6.01 or Section 6.02(2) may be
delivered electronically and if so delivered, shall be deemed to have been delivered on the date (a) on which the Borrower posts such documents, or provides a link thereto, on the Borrower’s (or any Parent Company’s) website on the
Internet at the website address listed on Schedule 10.02 hereto (or as such address may be updated from time to time in accordance with Section 10.02); or (b) on which such documents are
posted on the Borrower’s behalf on IntraLinks/IntraAgency or another relevant website, if any, to which each Lender and the Administrative Agent have access (whether a commercial, third-party website or whether sponsored by the Administrative
Agent); provided that (i) upon written request by the Administrative Agent, the Borrower will deliver paper copies of such documents to the Administrative Agent for further distribution by the Administrative Agent to each Lender until a
written request to cease delivering paper copies is given by the Administrative Agent and (ii) the Borrower shall notify (which may be by facsimile or electronic mail) the Administrative Agent of the posting of any such documents or link and,
upon the Administrative Agent’s request, provide to the Administrative Agent by electronic mail electronic versions (i.e., soft copies) of such documents. Each Lender shall be solely responsible for timely accessing posted documents or
requesting delivery of paper copies of such documents from the Administrative Agent and maintaining its copies of such documents. 

  
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 The Borrower hereby acknowledges that (a) the Administrative Agent will make available
to the Lenders materials or information provided by or on behalf of the Borrower hereunder (collectively, the “Borrower Materials”) by posting the Borrower Materials on Intralinks or another similar electronic system (the
“Platform”) and (b) certain of the Lenders may have personnel who do not wish to receive any information with respect to the Borrower, its Subsidiaries or their respective securities that is not Public-Side Information, and who
may be engaged in investment and other market-related activities with respect to such Person’s securities. the Borrower hereby agrees that (i) at the Administrative Agent’s request, all Borrower Materials that are to be made available
to Public Lenders will be clearly and conspicuously marked “PUBLIC” which, at a minimum, means that the word “PUBLIC” will appear prominently on the first page thereof; (ii) by marking Borrower Materials “PUBLIC,”
the Borrower will be deemed to have authorized the Administrative Agent and the Lenders to treat such Borrower Materials as containing only Public-Side Information (provided, however, that to the extent such Borrower Materials
constitute Information, they will be treated as set forth in Section 10.09); (iii) all Borrower Materials marked “PUBLIC” are permitted to be made available through a portion of the Platform designated as “Public Side
Information”; and (iv) the Administrative Agent and the Arrangers will treat the Borrower Materials that are not marked “PUBLIC” as being suitable only for posting on a portion of the Platform not designated as “Public Side
Information.” Notwithstanding the foregoing, the Borrower shall be under no obligation to mark the Borrower Materials “PUBLIC.” 

Anything to the contrary notwithstanding, nothing in this Agreement will require Holdings, the Borrower or any Subsidiary to disclose, permit
the inspection, examination or making copies or abstracts of, or discussion of, any document, information or other matter, or provide information (i) that constitutes non-financial trade secrets or non-financial proprietary information, (ii) in respect of which disclosure is prohibited by Law or binding agreement or (iii) that is subject to attorney-client or similar privilege or constitutes attorney
work product. 
 Section 6.03 Notices. Promptly after a Responsible Officer obtains actual knowledge thereof, notify the
Administrative Agent of: 
 (1) any Event of Default, specifying the nature and extent thereof and the corrective action (if any) proposed to
be taken with respect thereto; and 
 (2) (a) any dispute, litigation, investigation or proceeding between any Loan Party and any arbitrator
or Governmental Authority, (b) the filing or commencement of, or any material development in, any litigation or proceeding affecting any Loan Party or its Subsidiary, or (c) the occurrence of any ERISA Event that, in any such case referred
to in clauses (a), (b) or (c) of this Section 6.03(2), has resulted or would reasonably be expected to result in a Material Adverse Effect. 

Each notice pursuant to this Section 6.03 shall be accompanied by a written statement of a Responsible Officer of the Borrower
(a) that such notice is being delivered pursuant to Section 6.03(1) or (2) (as applicable) and (b) setting forth details of the occurrence referred to therein and stating what action the Borrower has taken and proposes to take with
respect thereto. 

  
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 Section 6.04 Payment of Obligations. Timely pay, discharge or otherwise satisfy,
as the same shall become due and payable, all of its obligations and liabilities in respect of Taxes imposed upon it or upon its income or profits or in respect of its property, except, in each case, to the extent (1) any such Tax is being
contested in good faith and by appropriate actions for which appropriate reserves have been established in accordance with GAAP or (2) the failure to pay or discharge the same would not reasonably be expected, individually or in the aggregate,
to have a Material Adverse Effect. 
 Section 6.05 Preservation of Existence, etc. 

(1) Preserve, renew and maintain in full force and effect its legal existence under the Laws of the jurisdiction of its organization; and 

(2) take all reasonable action to obtain, preserve, renew and keep in full force and effect its rights, licenses, permits, privileges,
franchises, and IP Rights material to the conduct of its business, 
 except in the case of clauses (1) or (2) of this Section 6.05 to the extent
(other than with respect to the preservation of the existence of the Borrower set forth in clause (1)) that failure to do so would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect or pursuant to any
merger, consolidation, provisional liquidation, liquidation, dissolution or disposition permitted by Article VII. 
 Section 6.06
Maintenance of Properties. Except if the failure to do so would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect, maintain, preserve and protect all of its material properties and equipment used
in the operation of its business in reasonably good working order, repair and condition, ordinary wear and tear excepted and casualty or condemnation excepted. 

Section 6.07 Maintenance of Insurance. 

(1) Maintain with insurance companies that the Borrower believes (in the good faith judgment of its management) are financially sound and
reputable at the time the relevant coverage is placed or renewed or with a Captive Insurance Subsidiary, insurance with respect to the Borrower’s and the Restricted Subsidiaries’ properties and business against loss or damage of the kinds
customarily insured against by Persons engaged in the same or similar business, of such types and in such amounts (after giving effect to any self-insurance reasonable and customary for similarly situated Persons engaged in the same or similar
businesses as the Borrower and the Restricted Subsidiaries) as are customarily carried under similar circumstances by such other Persons, and will furnish to the Lenders, upon written request from the Administrative Agent, information presented in
reasonable detail as to the insurance so carried; provided that notwithstanding the foregoing, in no event will the Borrower or any Restricted Subsidiary be required to obtain or maintain insurance that is more restrictive than what is
consistent with past practice. Each such policy of insurance will as appropriate, (i) name the Collateral Agent, on behalf of the Secured Parties, as an additional insured thereunder as its interests may appear or (ii) in the case of each
casualty insurance policy, contain an additional loss payable clause or endorsement that names the Collateral Agent, on behalf of the Secured Parties, as the additional loss payee thereunder; provided that to the extent that the requirements
of this Section 6.07 are not satisfied on the Closing Date, the Borrower may satisfy such requirements within ninety (90) days of the Closing Date (or such later date as the Administrative Agent may agree). 

  
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 Section 6.08 Compliance with Laws. Comply in all material respects with the
requirements of all Laws and all orders, writs, injunctions and decrees of any Governmental Authority applicable to it or to its business or property (including ERISA, the USA PATRIOT Act, Sanctions, OFAC and FCPA), except if the failure to comply
therewith would not reasonably be expected individually or in the aggregate to have a Material Adverse Effect. 
 Section 6.09 Books
and Records. Maintain proper books of record and account, in which entries that are full, true and correct in all material respects shall be made of all material financial transactions and matters involving the assets and business of the
Borrower or such Restricted Subsidiary, as the case may be (it being understood and agreed that certain Foreign Subsidiaries may maintain individual books and records in conformity with generally accepted accounting principles in their respective
countries of organization and that such maintenance shall not constitute a breach of the representations, warranties or covenants hereunder). 

Section 6.10 Inspection Rights. Permit representatives and independent contractors of the Administrative Agent and each Lender to
visit and inspect any of its properties, to examine its corporate, financial and operating records, and make copies thereof or abstracts therefrom and to discuss its affairs, finances and accounts with its directors, officers, and independent public
accountants (subject to such accountants’ customary policies and procedures), all at the reasonable expense of the Borrower and at such reasonable times during normal business hours and as often as may be reasonably desired, upon reasonable
advance notice to the Borrower; provided that only the Administrative Agent on behalf of the Lenders may exercise rights of the Administrative Agent and the Lenders under this Section 6.10 and the Administrative Agent shall not exercise
such rights more often than one (1) time during any calendar year absent the existence of an Event of Default and such time shall be at the Borrower’s expense; provided further that when an Event of Default exists, the
Administrative Agent (or any of its representatives or independent contractors) may do any of the foregoing at the expense of the Borrower at any time during normal business hours and upon reasonable advance notice. The Administrative Agent shall
give the Borrower the opportunity to participate in any discussions with the Borrower’s independent public accountants. For the avoidance of doubt, this Section 6.10 is subject to the last paragraph of Section 6.02. 

Section 6.11 Covenant to Guarantee Obligations and Give Security. At the Borrower’s expense, subject to the provisions of the
Collateral and Guarantee Requirement and any applicable limitation in any Collateral Document, take all action necessary or reasonably requested by the Administrative Agent or the Collateral Agent to ensure that the Collateral and Guarantee
Requirement continues to be satisfied, including: 
 (1) (x) upon (i) the formation or acquisition of any new direct or indirect wholly
owned Material Domestic Subsidiary (other than any Excluded Subsidiary) by any Loan Party (including, without limitation, upon the formation of any Material Domestic Subsidiary that is a Division Successor), (ii) the designation of any existing
direct or indirect wholly owned Material Domestic Subsidiary (other than any Excluded Subsidiary) as a Restricted Subsidiary, (iii) any Subsidiary (other than any Excluded Subsidiary) becoming a wholly owned Material Domestic Subsidiary or

  
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(iv) an Excluded Subsidiary that is a Material Domestic Subsidiary ceasing to be an Excluded Subsidiary but continuing as a Restricted Subsidiary of the Borrower, (y) upon the acquisition of
any material assets by any Loan Party or (z) with respect to any Subsidiary at the time it becomes a Loan Party, for any material assets held by such Subsidiary (in each case, other than assets constituting Collateral under a Collateral
Document that becomes subject to the Lien created by such Collateral Document upon acquisition thereof (without limitation of the obligations to perfect such Lien)): 

(a) within sixty (60) days (or such greater number of days specified below) after such formation, acquisition or
designation or, in each case, such longer period as the Administrative Agent may agree in its reasonable discretion, cause such Material Domestic Subsidiary required to become a Guarantor under the Collateral and Guarantee Requirement to execute the
Guaranty (or a joinder thereto) and other documentation the Administrative Agent may reasonably request from time to time in order to carry out more effectively the purposes of the Guaranty and the Collateral Documents and: 

(A) within sixty (60) days after such formation, acquisition or designation, cause each such Material Domestic Subsidiary
that is required to become a Guarantor pursuant to the Collateral and Guarantee Requirement to duly execute and deliver to the Collateral Agent supplements to the Security Agreement, a counterpart signature page to the Intercompany Subordination
Agreement, Intellectual Property Security Agreements, any Applicable Intercreditor Agreements and other security agreements and documents necessary to satisfy the Collateral and Guarantee Requirement, as reasonably requested by and in form and
substance reasonably satisfactory to the Collateral Agent (consistent with the Security Agreement, Intellectual Property Security Agreements and other Collateral Documents in effect on the Closing Date), in each case granting and perfecting Liens
required by the Collateral and Guarantee Requirement; 
 (B) within sixty (60) days after such formation, acquisition
or designation, cause each such Material Domestic Subsidiary that is required to become a Guarantor pursuant to the Collateral and Guarantee Requirement to deliver any and all certificates representing Equity Interests (to the extent certificated)
that are required to be pledged pursuant to the Collateral and Guarantee Requirement, accompanied by undated stock powers or other appropriate instruments of transfer executed in blank and a joinder to the Intercompany Subordination Agreement
substantially in the form of Annex I thereto with respect to the intercompany Indebtedness held by such Material Domestic Subsidiary; 

(C) within sixty (60) days after such formation, acquisition or designation, take and cause (i) the applicable
Material Domestic Subsidiary that is required to become a Guarantor pursuant to the Collateral and Guarantee Requirement and (ii) to the extent applicable, each direct or indirect parent of such applicable Material Domestic Subsidiary, in each

  
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case, to take customary action(s) (including the filing of Uniform Commercial Code financing statements and delivery of stock and membership interest certificates to the extent certificated) as
may be necessary in the reasonable opinion of the Administrative Agent to vest in the Collateral Agent (or in any representative of the Collateral Agent designated by it) valid and perfected (subject to Liens permitted by Section 7.01) Liens
required by the Collateral and Guarantee Requirement, enforceable against all third parties in accordance with their terms, except as such enforceability may be limited by Debtor Relief Laws and by general principles of equity (regardless of whether
enforcement is sought in equity or at law); and 
 (D) within sixty (60) days) after the reasonable request therefor by
the Administrative Agent (or such longer period as the Administrative Agent may agree in its reasonable discretion), deliver to the Administrative Agent a signed copy of a customary Opinion of Counsel, addressed to the Administrative Agent and the
Lenders, of counsel for the Loan Parties reasonably acceptable to the Administrative Agent as to such matters set forth in this Section 6.11(1) as the Administrative Agent may reasonably request (with such opinion being consistent with the
Opinion of Counsel delivered to the Administrative Agent on the Closing Date). 
 Section 6.12 Compliance with Environmental
Laws. Except, in each case, to the extent that the failure to do so would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect, (1) comply, and take all reasonable actions to cause any lessees and
other Persons operating or occupying its properties to comply, with all applicable Environmental Laws and Environmental Permits (including any cleanup, removal or remedial obligations thereunder) and (2) obtain and renew all Environmental
Permits required to conduct its operations or in connection with its properties. 
 Section 6.13 Further Assurances and Post-Closing
Covenant. 
 Subject to the provisions of the Collateral and Guarantee Requirement and any applicable limitations in any Collateral
Document and in each case at the expense of the Borrower, promptly upon reasonable request from time to time by the Administrative Agent or the Collateral Agent or as may be required by applicable Laws (a) correct any material defect or error
that may be discovered in the execution, acknowledgment, filing or recordation of any Collateral Document or other document or instrument relating to any Collateral, and (b) do, execute, acknowledge, deliver, record, re-record, file, re-file, register and re-register any and all such further acts, deeds, certificates, assurances and other instruments
as the Administrative Agent or Collateral Agent may reasonably request from time to time in order to carry out more effectively the purposes of the Collateral Documents and to satisfy the Collateral and Guarantee Requirement. 

The Borrower shall, and shall cause each of its Restricted Subsidiaries to, deliver each of the documents, instruments and agreements and take
each of the actions set forth on Schedule 6.13 within the time periods set forth on such Schedule (or such later date as the Administrative Agent may reasonably agree to in writing). 

  
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 Section 6.14 Use of Proceeds. The proceeds of the Closing Date Term Loans will
be used (i) to consummate the Closing Date Refinancing on the Closing Date, (ii) to pay the Transaction Expenses, (iii) to fund the Closing Date Distribution and (iv) to the extent any such proceeds remain after the foregoing
uses, for general corporate purposes not prohibited by the terms of this Agreement. 
 Section 6.15 Maintenance of Ratings. Use
commercially reasonable efforts to maintain (1) a public corporate credit rating (but not any specific rating) from S&P and a public corporate family rating (but not any specific rating) from Moody’s, in each case in respect of the
Borrower, and (2) a public rating (but not any specific rating) in respect of each Term Facility as of the Closing Date from each of S&P and Moody’s. 

Section 6.16 Accounting Changes. The Borrower shall, and shall cause its Restricted Subsidiaries to, maintain their fiscal year as
in effect on the Closing Date; provided, however, that the Borrower may, upon written notice to the Administrative Agent, change its fiscal year to any other fiscal year reasonably acceptable to the Administrative Agent, in which case,
the Borrower and the Administrative Agent will, and are hereby authorized by the Lenders to, make any adjustments to this Agreement that are necessary to reflect such change in fiscal year. 

Section 6.17 Nature of Business. The Borrower shall and shall cause its Restricted Subsidiaries to, engage in material line of
business substantially the same as those lines of business conducted by the Borrower and the Restricted Subsidiaries on the Closing Date or any business(es) or any other activities that are reasonably similar, ancillary, incidental, complimentary or
related to, or a reasonable extension, development or expansion of, the business conducted or proposed to be conducted by the Borrower and the Restricted Subsidiaries on the Closing Date. 

Section 6.18 Designation of Subsidiaries. 

(a) Subject to Section 6.18(b) below, the Borrower may at any time designate any Restricted Subsidiary as an Unrestricted
Subsidiary or any Unrestricted Subsidiary as a Restricted Subsidiary; provided that (i) the designation of any Restricted Subsidiary as an Unrestricted Subsidiary shall constitute an Investment by the Borrower therein at the date of
designation in an amount equal to the fair market value of the Borrower’s investment therein, (ii) the designation of any Unrestricted Subsidiary as a Restricted Subsidiary shall constitute the incurrence at the time of designation of any
Indebtedness or Liens of such Subsidiary existing at such time and (iii) the Indebtedness and Liens of such subsidiary at the time it is designated as a “restricted subsidiary” shall be treated as an Indebtedness and Liens of such
Subsidiary at such time; and 
 (b) The Borrower shall not (I) (x) designate any Restricted Subsidiary as an
Unrestricted Subsidiary or (y) designate an Unrestricted Subsidiary as a Restricted Subsidiary unless, in any such case (a) after giving pro forma effect thereto, the Total Net Leverage Ratio for the Test Period immediately
preceding such designation would be no greater than 2.00 to 1.00 and (b) no Event of Default shall have occurred and be continuing or would result therefrom or (II) transfer any Material IP to an Unrestricted Subsidiary. 

  
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 Section 6.19 Transactions with Affiliates. 

(a) The Borrower shall, and shall permit any Restricted Subsidiaries, to make any payment to, or sell, Lease or transfer or
otherwise dispose of any of its properties or assets to, or purchase property or assets from, or enter into or make or amend any transaction, contract, agreement, understanding, loan, advance or guarantee with, or for the benefit of, any Affiliate
of the Borrower (each of the foregoing, an “Affiliate Transaction”) involving aggregate payments or consideration in excess of $20.0 million, or involving the assignment, transfer or exclusive licensing of any intellectual
property that is material to the business, taken as a whole, of any of Holdings, the Borrower or any Restricted Subsidiary (as determined by the Borrower in good faith), only if (A) such Affiliate Transaction does not involve the assignment,
transfer or exclusive licensing of intellectual property to an Unrestricted Subsidiary, and is on terms, taken as a whole, that are not materially less favorable to the Borrower or the relevant Restricted Subsidiary than those that would have been
obtained at such time in a comparable transaction by the Borrower or such Restricted Subsidiary with a Person other than an Affiliate of the Borrower on an arm’s-length basis or, if in the good faith
judgment of the Board of Directors no comparable transaction is available with which to compare such Affiliate Transaction, such Affiliate Transaction is otherwise fair to the Borrower or such Restricted Subsidiary from a financial point of view,
and (B) the Borrower delivers to the Administrative Agent with respect to any Affiliate Transaction or series of related Affiliate Transactions requiring aggregate payments or consideration in excess of $30.0 million, a resolution adopted
by the majority of the Board of Directors approving such Affiliate Transaction and set forth in an Officer’s Certificate certifying that such Affiliate Transaction complies with clause (A) above. 

(b) Notwithstanding the foregoing, the following shall be permitted: 

(1) (a) transactions between or among the Borrower and one or more Restricted Subsidiaries or between or among Restricted
Subsidiaries or, in any case, any entity that becomes a Restricted Subsidiary as a result of such transaction and (b) any merger, consolidation or amalgamation of the Borrower and any Parent Company; provided that such merger,
consolidation or amalgamation of the Borrower is otherwise in compliance with the terms of this Agreement and effected for a bona fide business purpose; 

(2) Restricted Payments permitted by Section 7.05 (including any transaction specifically excluded from the definition of
the term “Restricted Payments,” including pursuant to the exceptions contained in the definition thereof and the parenthetical exclusions of such definition) and (b) any Permitted Investment(s) or any acquisition otherwise permitted
hereunder; 
 (3) 

  
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 (a) so long as no Event of Default under Section 8.01(1) and
Section 8.01(6) shall have occurred and be continuing or would result therefrom, the payment of management, consulting, monitoring, transaction, advisory and other fees, indemnities and expenses pursuant to the Management Services Agreement
(including any unpaid management, consulting, monitoring, transaction, advisory and other fees, indemnities and expenses accrued in any prior year) and any termination fees pursuant to the Management Services Agreement, or any amendment thereto or
replacement thereof so long as any such amendment or replacement is not materially disadvantageous in the good faith judgment of the Board of Directors to the Lenders when taken as a whole, as compared to the Management Services Agreement as in
effect on the Closing Date, 
 (b) the payment of indemnification and similar amounts to, and reimbursement of expenses to,
the Investors and its officers, directors, employees and Affiliates, in each case, approved by, or pursuant to arrangements approved by, the Board of Directors, 

(c) payments, loans, advances or guarantees (or cancellation of loans, advances or guarantees) to future, present or former
employees, officers, directors, managers, consultants or independent contractors or guarantees in respect thereof for bona fide business purposes or in the ordinary course of business or consistent with industry practice, 

(d) any subscription agreement or similar agreement pertaining to the repurchase of Equity Interests pursuant to put/call
rights or similar rights with current, former or future officers, directors, employees, managers, consultants and independent contractors of the Borrower, any Subsidiary or any Parent Company and 

(e) any payment of compensation or other employee compensation, benefit plan or arrangement, any health, disability or similar
insurance plan which covers current, former or future officers, directors, employees, managers, consultants and independent contractors of the Borrower, any Subsidiary or any Parent Company; 

  
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 (4) the payment of fees and compensation paid to, and indemnities and
reimbursements and employment and severance arrangements provided to, or on behalf of or for the benefit of, present, future or former employees, directors, officers, members of management or consultants (or their respective Controlled Investment
Affiliates or Immediate Family Members or any permitted transferees thereof) of the Borrower, any Parent Company or any Restricted Subsidiary; 

(5) transactions in which the Borrower or any Restricted Subsidiary, as the case may be, delivers to the Administrative Agent
a letter from an Independent Financial Advisor stating that such transaction is fair to the Borrower or such Restricted Subsidiary from a financial point of view or stating that the terms, when taken as a whole, are not materially less favorable to
the Borrower or the relevant Restricted Subsidiary than those that would have been obtained in a comparable transaction by the Borrower or such Restricted Subsidiary with a Person that is not an Affiliate of the Borrower on an arm’s length
basis; 
 (6) the existence of, or the performance by the Borrower or any Restricted Subsidiary of its obligations under the
terms of, any agreement as in effect as of the Closing Date, or any amendment thereto or replacement thereof (so long as any such amendment or replacement is not materially disadvantageous in the good faith judgment of the Board of Directors to the
Lenders, when taken as a whole, as compared to the applicable agreement as in effect on the Closing Date); 
 (7) the
existence of, or the performance by the Borrower or any Restricted Subsidiary of its obligations under the terms of, any equity holders agreement or the equivalent (including any registration rights agreement or purchase agreement related thereto)
to which it is a party as of the Closing Date and any amendment thereto and, similar agreements or arrangements that it may enter into thereafter; provided that the existence of, or the performance by the Borrower or any Restricted Subsidiary
of obligations under any future amendment to any such existing agreement or arrangement or under any similar agreement or arrangement entered into after the Closing Date will be permitted by this clause (7) to the extent that the terms of any
such amendment or new agreement or arrangement are not otherwise materially disadvantageous in the good faith judgment of the Board of Directors to the Lenders, when taken as a whole, as compared to the original agreement or arrangement in effect on
the Closing Date; 
 (8) the Transactions and the payment of all fees and expenses related to the Transactions, including
Transaction Expenses and the payment of any Public Company Costs following the consummation of a Qualifying IPO; 

  
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 (9) transactions with customers, clients, suppliers, contractors, joint
venture partners or purchasers or sellers of goods or services, or transactions otherwise relating to the purchase or sale of goods or services, in each case in the ordinary course of business or consistent with industry practice and otherwise in
compliance with the terms of this Agreement that are fair to the Borrower and the Restricted Subsidiaries, in the reasonable determination of the Board of Directors or the senior management of the Borrower, or are on terms at least as favorable as
might reasonably have been obtained at such time from an unaffiliated party; 
 (10) the issuance, sale or transfer of
Equity Interests (other than Disqualified Stock) of the Borrower or any Parent Company to any Person and the granting and performing of customary rights (including registration rights) in connection therewith, and any contribution to the capital of
the Borrower; 
 (11) sales or contributions of accounts receivable, or participations therein, or Securitization Assets or
related assets in connection with any Qualified Securitization Facility and any other transaction effected in connection with a Qualified Securitization Facility or a financing related thereto and sales; 

(12) payments by the Borrower or any Restricted Subsidiary made for any financial advisory, consulting, financing,
underwriting or placement services or in respect of other investment banking activities, including in connection with acquisitions or divestitures, which payments are approved by, or made pursuant to arrangements approved by, a majority of the Board
of Directors in good faith; 
 (13) payments with respect to Indebtedness, Disqualified Stock and other Equity Interests
(and cancellation of any thereof) of the Borrower, any Parent Company and any Restricted Subsidiary and Preferred Stock (and cancellation of any thereof) of any Restricted Subsidiary to any future, current or former employee, director, officer,
member of management or consultant (or their respective Controlled Investment Affiliates or Immediate Family Members or permitted transferees) of the Borrower, any of its Subsidiaries or any Parent Company pursuant to any management equity plan or
stock option plan or any other management or employee benefit plan or agreement or any equity subscription or equity holder agreement that are, in each case, approved by the Borrower in good faith; and any employment agreements, severance
arrangements, stock option plans and other compensatory arrangements (and any successor plans thereto) and any supplemental executive retirement benefit plans or arrangements with any such employees, directors, officers, members of management or
consultants (or their respective Controlled Investment Affiliates or Immediate Family Members or any permitted transferees thereof) that are, in each case, approved by the Borrower in good faith; 

  
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 (14) (a) investments by Affiliates in securities of the Borrower (and
payment of reasonable out-of-pocket expenses incurred by such Affiliates in connection therewith) so long as the investment is being offered by the Borrower or such
Restricted Subsidiary generally to other investors on the same or more favorable terms and (b) payments to Affiliates in respect of securities of the Borrower or any Restricted Subsidiary contemplated in the foregoing subclause (a) or that
were acquired from Persons other than the Borrower and the Restricted Subsidiaries, in each case, in accordance with the terms of such securities; 

(15) payments to or from, and transactions with, any joint venture or Unrestricted Subsidiary or a Parent Company following
the consummation of a Qualifying IPO in the ordinary course of business or consistent with past practice, industry practice or industry norms (including, any cash management activities related thereto); 

(16) payments by the Borrower (and any Parent Company) and its Subsidiaries pursuant to tax sharing agreements among the
Borrower (and any Parent Company) and its Subsidiaries that constitute a Tax Group; provided that in each case the amount of such payments in any taxable year does not exceed the amount that the Borrower, its Restricted Subsidiaries and its
Unrestricted Subsidiaries (to the extent of amount received from Unrestricted Subsidiaries) would be required to pay in respect of foreign, federal, state and local taxes for such taxable year were the Borrower, its Restricted Subsidiaries and its
Unrestricted Subsidiaries (to the extent described above) to pay such taxes separately from any such Parent Company; 
 (17)
any lease entered into between the Borrower or any Restricted Subsidiary, as lessee and any Affiliate of the Borrower, as lessor, and any transaction(s) pursuant to that lease, which lease is approved by the Board of Directors or senior management
of the Borrower in good faith; 
 (18) IP Rights licenses in the ordinary course of business or consistent with industry
practice; 

  
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 (19) the payment of reasonable out-of-pocket costs and expenses relating to registration rights and indemnities provided to equity holders of the Borrower or any Parent Company pursuant to the equity holders agreement or the registration
rights agreement entered into on or after the Closing Date; 
 (20) transactions permitted by, and complying with,
Section 7.03 solely for the purpose of (a) reorganizing to facilitate any initial public offering of securities of the Borrower or any Parent Company, (b) forming a holding company or (c) reincorporating the Borrower in a new
jurisdiction; 
 (21) transactions undertaken in good faith (as determined by the Board of Directors or certified by senior
management of the Borrower in an Officer’s Certificate) for the purposes of improving the consolidated tax efficiency of the Borrower and its Restricted Subsidiaries and not for the purpose of circumventing Articles VI and VII of this
Agreement; so long as such transactions, when taken as a whole, do not result in a material adverse effect on the Liens on the Collateral granted by the Loan Parties in favor of the Secured Parties, when taken as a whole, in each case, as determined
in good faith by the Board of Directors or certified by senior management of the Borrower in an Officer’s Certificate; 

(22) (a) transactions with a Person that is an Affiliate of the Borrower (other than an Unrestricted Subsidiary) solely
because the Borrower or any Restricted Subsidiary owns, directly or indirectly, Equity Interests in such Person and (b) transactions with any Person that is an Affiliate solely because a director or officer of such Person is a director or
officer of the Borrower, any Restricted Subsidiary or any Parent Company; 
 (23) (a) pledges and other transfers of
Equity Interests in Unrestricted Subsidiaries and (b) any transactions with an Affiliate in which the consideration paid consists solely of Equity Interests of the Borrower or a Parent Company; 

(24) the sale, issuance or transfer of Equity Interests (other than Disqualified Stock) of the Borrower; 

(25) investments by any Investor or Parent Company in securities of the Borrower; 

(26) payments in respect of (a) the Obligations (or any Credit Agreement Refinancing Indebtedness), (b) [reserved] or
(c) other Indebtedness of the Borrower and its Subsidiaries held by Affiliates; provided that such Obligations were acquired by an Affiliate of the Borrower in compliance herewith; and 

  
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 (27) transactions pursuant to agreements in existence on the Closing Date
and set forth on Schedule 6.19 or any amendment thereto. 
 ARTICLE VII 

NEGATIVE COVENANTS 
 So long as
the Termination Conditions are not satisfied: 
 Section 7.01 Liens. The Borrower shall not, nor shall the Borrower permit any
Restricted Subsidiary to, directly or indirectly, create, incur or assume any Lien (except any Permitted Lien(s)) that secures obligations under any Indebtedness or any related guarantee of Indebtedness on any asset or property of the Borrower or
any Restricted Subsidiary, or any income or profits therefrom. 
 The expansion of Liens by virtue of accretion or amortization of original
issue discount, the payment of dividends in the form of Indebtedness, and increases in the amount of Indebtedness outstanding solely as a result of fluctuations in the exchange rate of currencies will not be deemed to be an incurrence of Liens for
purposes of this Section 7.01. 
 Section 7.02 Indebtedness. 

(a) The Borrower shall not, nor shall the Borrower permit any Restricted Subsidiary to, directly or indirectly: 

(i) create, incur, issue, assume, guarantee or otherwise become directly or indirectly liable or contingently (collectively,
“incur” and collectively, an “incurrence”) with respect to any Indebtedness (including Acquired Indebtedness), or 

(ii) issue any shares of Disqualified Stock or permit any Restricted Subsidiary to issue any shares of Disqualified Stock or
Preferred Stock; and 
 (b) the foregoing clause (a) shall not apply to the following: 

(1) Indebtedness of the Borrower and of its Restricted Subsidiaries under the Loan Documents (including Incremental Term
Loans, Refinancing Loans, Extended Loans and Replacement Loans); 
 (2) [reserved]; 

  
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 (3) the incurrence of Indebtedness by the Borrower and any Restricted
Subsidiary in existence on the Closing Date (excluding Indebtedness described in the preceding clauses (1) and (2) and clause (25) below); 

(4) (a) the incurrence of Attributable Indebtedness and (b) Indebtedness (including Capitalized Lease Obligations and
Purchase Money Obligations), Disqualified Stock incurred or issued by the Borrower or any Restricted Subsidiary and Preferred Stock issued by any Restricted Subsidiary, to finance the purchase, lease, expansion, construction, installation,
replacement, repair or improvement of property (real or personal), equipment or other assets, including assets that are used or useful in a Similar Business, whether through the direct purchase of assets or the Capital Stock of any Person owning
such assets in an aggregate principal amount, together with any Refinancing Indebtedness in respect thereof (excluding any Incremental Amounts) and all other Indebtedness, Disqualified Stock or Preferred Stock incurred or issued and outstanding
under this clause (4), without regard to any Indebtedness listed on Schedule 7.02(3), at such time not to exceed the greater of (A) $35.0 million and (B) 20.0% of Adjusted EBITDA of the Borrower and its Restricted Subsidiaries as of the
most recently ended Test Period calculated giving pro forma effect thereto and any Refinancing Indebtedness of the Indebtedness referred to in this clause (4) thereof; 

(5) Indebtedness incurred by the Borrower or any Restricted Subsidiary (a) constituting reimbursement obligations with
respect to letters of credit, bank guarantees, banker’s acceptances, warehouse receipts, or similar instruments issued or entered into, or relating to obligations or liabilities incurred, in the ordinary course of business or consistent with
industry practice, including in respect of workers’ compensation claims, performance, completion or surety bonds, health, disability or other employee benefits or property, casualty or liability insurance or self-insurance, unemployment
insurance or other social security legislation or other Indebtedness with respect to reimbursement-type obligations regarding workers’ compensation claims, performance, completion or surety bonds, health, disability or other employee benefits
or property, casualty or liability insurance or self-insurance or (b) as an account party in respect of letters of credit, bank guarantees or similar instruments in favor of suppliers, trade creditors or other Persons issued or incurred in the
ordinary course of business or consistent with industry practice; 
 (6) the incurrence of Indebtedness arising from
agreements of the Borrower or any Restricted Subsidiary providing for indemnification, adjustment of purchase price, earnouts or similar obligations, in each case, incurred or assumed in connection with the acquisition or disposition of any
business, assets or a Subsidiary, other than guarantees of Indebtedness incurred by any Person acquiring all or any portion of such business, assets or a Subsidiary for the purpose of financing such acquisition; 

  
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 (7) the incurrence of Indebtedness of the Borrower to a Restricted
Subsidiary (or to any Parent Company which is substantially contemporaneously transferred to the Borrower or any Restricted Subsidiary); provided that any such Indebtedness for borrowed money owing to a Restricted Subsidiary that is not a
Guarantor is expressly subordinated in right of payment to the Loans to the extent permitted by applicable law and it does not result in adverse tax consequences; provided further that any subsequent issuance or transfer of any Capital Stock
or any other event that results in any such Restricted Subsidiary ceasing to be a Restricted Subsidiary or any other subsequent transfer of any such Indebtedness (except to the Borrower or another Restricted Subsidiary or any pledge of such
Indebtedness constituting a Permitted Lien) will be deemed, in each case, to be an incurrence of such Indebtedness (to the extent such Indebtedness is then outstanding) not permitted by this clause (7); 

(8) the incurrence of Indebtedness of a Restricted Subsidiary to the Borrower or another Restricted Subsidiary (or to any
Parent Company which is substantially contemporaneously transferred to the Borrower or any Restricted Subsidiary) to the extent permitted by Section 7.05; provided that any such Indebtedness for borrowed money incurred by a Guarantor and
owing to a Restricted Subsidiary that is not a Guarantor is expressly subordinated in right of payment to the Guaranty of the Loans of such Guarantor to the extent permitted by applicable law and it does not result in adverse tax consequences;
provided further that any subsequent issuance or transfer of any Capital Stock or any other event which results in any such Restricted Subsidiary ceasing to be a Restricted Subsidiary or any such subsequent transfer of any such Indebtedness
(except to the Borrower or a Restricted Subsidiary or any pledge of such Indebtedness constituting a Permitted Lien) will be deemed, in each case, to be an incurrence of such Indebtedness (to the extent such Indebtedness is then outstanding) not
permitted by this clause (8); 
 (9) the issuance of shares of Preferred Stock or Disqualified Stock of a Restricted
Subsidiary issued to the Borrower or a Restricted Subsidiary; provided that any subsequent issuance or transfer of any Capital Stock or any other event that results in any such Restricted Subsidiary that holds such Preferred Stock or
Disqualified Stock ceasing to be a Restricted Subsidiary or any other 

  
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subsequent transfer of any such shares of Preferred Stock or Disqualified Stock (except to the Borrower or another Restricted Subsidiary or any pledge of such Indebtedness constituting a
Permitted Lien) will be deemed, in each case, to be an issuance of such shares of Preferred Stock or Disqualified Stock (to the extent such Preferred Stock is then outstanding) not permitted by this clause (9); 

(10) the incurrence of Hedging Obligations (excluding Hedging Obligations entered into for speculative purposes); 

(11) the incurrence of Indebtedness in respect of self-insurance and Indebtedness in respect of performance, bid, appeal and
surety bonds and performance, banker’s acceptance facilities and completion guarantees and similar obligations provided by the Borrower or any Restricted Subsidiary or Indebtedness in respect of letters of credit, bank guarantees or similar
instruments related thereto, in each case in the ordinary course of business or consistent with industry practice, including those incurred to secure health, safety and environmental obligations; 

(12) the incurrence of: 

(a) Indebtedness or Disqualified Stock of the Borrower and Indebtedness, Disqualified Stock or Preferred Stock of the Borrower
or any Restricted Subsidiary in an aggregate principal amount or liquidation preference up to 100.0% of the net cash proceeds received by the Borrower and its Restricted Subsidiaries since the Closing Date from the issue or sale of Equity Interests
of the Borrower, the Borrower and the Subsidiary Guarantors or contributions to the capital of the Borrower, the Borrower and the Subsidiary Guarantors, including through consolidation, amalgamation or merger (in each case, other than proceeds of
Disqualified Stock, Specified Equity Contributions or sales of Equity Interests to the Borrower or any Subsidiary) to the extent such net cash proceeds or cash have not been applied to make Restricted Payments with the Available Amount or to make
Permitted Investments under clause (9) of the definition of Permitted Investments; provided that any such Indebtedness shall not mature earlier than the Latest Maturity Date for the Closing Date Term Loans; and 

  
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 (b) Indebtedness or Disqualified Stock of the Borrower and Indebtedness,
Disqualified Stock or Preferred Stock of the Borrower or any Restricted Subsidiary in an aggregate principal amount or liquidation preference that, when aggregated with the principal amount and liquidation preference of all other Indebtedness,
Disqualified Stock and Preferred Stock then outstanding and incurred or issued, as applicable, pursuant to this clause (12)(b), together with any Refinancing Indebtedness in respect thereof (excluding any Incremental Amounts), does not exceed the
greater of (a) $90.0 million and (b) 50.0% of Adjusted EBITDA of the Borrower and its Restricted Subsidiaries as of the most recently ended Test Period calculated giving pro forma effect thereto plus, without duplication,
(ii) in the event of any extension, replacement, refinancing, renewal or defeasance of any such Indebtedness or Disqualified Stock, an amount equal to the amount of any premium required to be paid under the terms of the instrument governing
such Indebtedness or Disqualified Stock and any defeasance costs and any fees and expenses (including original issue discount, upfront fees or similar fees) incurred in connection with the issuance of such new Indebtedness or the extension,
replacement, refunding, refinancing, renewal or defeasance of such Indebtedness or Disqualified Stock (this Section 7.02(b)(12)(b), the “General Debt Basket”); 

provided that any Indebtedness, Disqualified Stock or Preferred Stock incurred or issued pursuant to this clause (12) will cease to be deemed
incurred, issued or outstanding for purposes of this clause (12) but will be deemed incurred or issued as Permitted Ratio Debt from and after the first date on which the Borrower or such Restricted Subsidiary could have incurred or issued such
Indebtedness, Disqualified Stock or Preferred Stock as Permitted Ratio Debt without reliance on this clause (12) (it being understood and agreed that such reclassification shall be automatic if at the end of any fiscal quarter such reclassification
would then be permitted); 
 (13) the incurrence by the Borrower of Indebtedness or Disqualified Stock or the incurrence by
a Restricted Subsidiary of Indebtedness, Disqualified Stock or Preferred Stock that serves to Refinance any Indebtedness permitted under clauses (3) and (12)(a) above, this clause (13) and clauses (14), (23), (29), (30) and (31), or any
successive Refinancing Indebtedness with respect to any of the foregoing; 
 (14) the incurrence of: 

(a) Indebtedness or Disqualified Stock of the Borrower or Indebtedness, Disqualified Stock or Preferred Stock of a Restricted
Subsidiary, that is assumed by the Borrower or any Restricted Subsidiary in connection with a Permitted Acquisition or any other similar acquisition or investment (including the redesignation of an Unrestricted Subsidiary as a Restricted
Subsidiary), any Acquired 

  
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Indebtedness, and Indebtedness, Disqualified Stock or Preferred Stock of Persons that are acquired by the Borrower or any Restricted Subsidiary or merged into, amalgamated or consolidated with
the Borrower or a Restricted Subsidiary in accordance with the terms of this Agreement (it being understood that with respect to assumed Indebtedness incurred under this clause (14), such Indebtedness is only the obligation of the Person and/or
Person’s Subsidiaries that are acquired or that acquire the relevant assets and such Indebtedness was not created in contemplation of such acquisition); 

(b) Indebtedness or Disqualified Stock of the Borrower or Indebtedness, Disqualified Stock or Preferred Stock of a Restricted
Subsidiary incurred in connection with or to finance a Permitted Acquisition or any other similar acquisition or Investment permitted hereunder in accordance with the terms of this Agreement, in an amount not to exceed the sum of (the Indebtedness
being incurred pursuant to this clause (b) being, “Acquisition Debt”): such additional unlimited amounts, so long as (I) in the case of unsecured Indebtedness or Indebtedness secured by assets not constituting Collateral
or Disqualified Stock of the Borrower or any Restricted Subsidiary or Preferred Stock of any Restricted Subsidiary, the Total Net Leverage Ratio is not greater than 3.50 to 1.00, (II) in the case of Indebtedness secured by a Lien on the Collateral
that is junior to the Liens securing the Obligations (or Disqualified Stock of the Borrower or any Restricted Subsidiary or Preferred Stock of any Restricted Subsidiary secured on a junior basis to the Obligations to the extent permitted under the
definition of Permitted Liens), the Senior Secured Leverage Ratio is not greater than 3.00 to 1.00 or (III) in the case of Indebtedness secured by a Lien on the Collateral secured on a pari passu basis with the Closing Date Term Loans (or
Disqualified Stock of the Borrower or any Restricted Subsidiary or Preferred Stock of any Restricted Subsidiary secured on a pari passu or senior basis to the Obligations to the extent permitted under the definition of Permitted Liens), the First
Lien Net Leverage Ratio is not greater than 2.00 to 1.00, and in the case of each of the foregoing clauses (I), (II) and (III), determined as of the most recently ended Test Period and on a pro forma basis in accordance with Section 1.07
and including a pro forma application the net proceeds therefrom, without given effect to the incurrence of such Indebtedness and without netting the proceeds therefrom; 

  
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 (15) the incurrence of Indebtedness arising from the honoring by a bank or
other financial institution of a check, draft or similar instrument drawn against insufficient funds in the ordinary course of business or consistent with industry practice; 

(16) the incurrence of Indebtedness of the Borrower or any Restricted Subsidiary supported by letters of credit or bank
guarantees permitted hereunder, in each case, in a principal amount not in excess of the stated amount of such letters of credit or bank guarantees; 

(17) (a) the incurrence of any guarantee by the Borrower or a Restricted Subsidiary of Indebtedness or other obligations of
the Borrower or any Restricted Subsidiary so long as the incurrence of such Indebtedness or other obligations incurred by the Borrower or such Restricted Subsidiary is permitted by this Agreement, or (b) any
co-issuance by the Borrower or any Restricted Subsidiary of any Indebtedness or other obligations of the Borrower or any Restricted Subsidiary so long as the incurrence of such Indebtedness or other
obligations by the Borrower or such Restricted Subsidiary was permitted hereunder; 
 (18) the incurrence of Indebtedness
issued by the Borrower or any Restricted Subsidiary to future, present or former employees, directors, officers, members of management and consultants thereof, their respective Controlled Investment Affiliates or Immediate Family Members and
permitted transferees thereof, in each case to finance the purchase or redemption of Equity Interests of the Borrower or any Parent Company to the extent described in Section 7.05(b)(4); 

(19) customer deposits and advance payments received in the ordinary course of business or consistent with industry practice
from customers for goods and services purchased in the ordinary course of business or consistent with industry practice; 

(20) the incurrence of (a) Indebtedness owed to banks and other financial institutions incurred in the ordinary course of
business or consistent with industry practice in connection with ordinary banking arrangements to manage cash balances of the Borrower and its Restricted Subsidiaries and (b) Indebtedness in respect of Cash Management Services, including Cash
Management Obligations; 

  
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 (21) Indebtedness incurred by the Borrower or any Restricted Subsidiary in
connection with bankers’ acceptances, discounted bills of exchange or the discounting or factoring of receivables for credit management purposes, in each case incurred or undertaken in the ordinary course of business or consistent with industry
practice on arm’s-length commercial terms; 
 (22) the incurrence of
Indebtedness of the Borrower or any Restricted Subsidiary consisting of (a) the financing of insurance premiums or (b) take-or-pay obligations contained in
supply arrangements in each case, incurred in the ordinary course of business or consistent with industry practice; 
 (23)
the incurrence of Indebtedness or Disqualified Stock by Restricted Subsidiaries of the Borrower that are not Guarantors in an amount not to exceed and together with any other Indebtedness and Disqualified Stock incurred and outstanding under this
clause (23) and any outstanding Indebtedness or Disqualified Stock under clause (13) to Refinance Indebtedness initially incurred in reliance on this clause (23) (excluding any Incremental Amounts) the greater of (a) $40.0 million and
(b) 20.0% of Adjusted EBITDA of the Borrower and its Restricted Subsidiaries as of the most recently ended Test Period calculated after giving pro forma effect thereto; it being understood that any Indebtedness or Disqualified Stock deemed
incurred or issued pursuant to this clause (23) will cease to be deemed incurred or issued or outstanding for the purpose of this clause (23) but will be deemed incurred or issued under clause (d)(y) of the definition of Permitted Ratio
Debt from and after the first date on which the Borrower or such Restricted Subsidiaries could have incurred such Indebtedness under clause (d)(y) of the definition of Permitted Ratio Debt without reliance on this clause (23); 

(24) the incurrence of Indebtedness by the Borrower or any Restricted Subsidiary undertaken in connection with cash management
(including netting services, automatic clearinghouse arrangements, overdraft protections, employee credit card programs and related or similar services or activities) with respect to the Borrower, any Subsidiaries or any joint venture in the
ordinary course of business or consistent with industry practice, including with respect to financial accommodations of the type described in the definition of Cash Management Services; 

(25) Indebtedness incurred pursuant to the ABL Facility in an aggregate principal amount not to exceed the greater of
(1) the sum of (x) $150 million plus (y) the amount permitted to be incurred under the ABL Facility following a commitment increase thereto pursuant to Section 2.15 of the ABL Facility as in effect on the Closing Date and
(2) the Borrowing Base (as defined in the ABL Facility as in effect on the Closing Date (and not giving effect to any subsequent amendments thereto)) plus other ABL Obligations not constituting principal and, in each case, together with any
Refinancing Indebtedness in respect thereof; 

  
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 (26) guarantees incurred in the ordinary course of business or consistent
with industry practice in respect of obligations to suppliers, customers, franchisees, lessors, licensees, sub-licensees and distribution partners; 

(27) the incurrence of Indebtedness attributable to (but not incurred to finance) the exercise of appraisal rights or the
settlement of any claims or actions (whether actual, contingent or potential) with respect to the Transactions or any other acquisition (by merger, consolidation or amalgamation or otherwise) in accordance with the terms hereof; 

(28) the incurrence of Indebtedness representing deferred compensation to employees of any Parent Company, the Borrower or any
Restricted Subsidiary, including Indebtedness consisting of obligations under deferred compensation or any other similar arrangements incurred in connection with the Transactions, any investment or any acquisition (by merger, consolidation or
amalgamation or otherwise) permitted under this Agreement; 
 (29) the incurrence of Indebtedness by Restricted Subsidiaries
that are not Guarantors in the form of ordinary course working capital lines of credit or other local lines of credit that is non-recourse to any Loan Party and is not secured by assets constituting
Collateral, together with any Refinancing Indebtedness in respect thereof; 
 (30) (a) Credit Agreement Refinancing
Indebtedness, (b) Permitted Incremental Equivalent Debt and (c) Permitted Debt Exchange Notes; 
 (31) Permitted
Ratio Debt; 
 (32) the incurrence of Indebtedness arising out of any Sale-Leaseback Transaction; 

(33) the incurrence of Indebtedness to the seller of any business or assets acquired by the Borrower or any Restricted
Subsidiary in a Permitted Acquisition or other similar Investment (including Indebtedness to finance the payment of earnout obligations owing to such seller as a result of such transaction); provided that the aggregate amount of Indebtedness
permitted under this Section 7.02(b)(33) at any one time outstanding shall not exceed the greater of (x) $40.0 million and (y) 20.0% of Adjusted EBITDA of the Borrower and its Restricted Subsidiaries as of the most recently ended Test
Period calculated giving pro forma effect thereto; 

  
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 (34) the incurrence of Indebtedness in an amount not to exceed the
aggregate amount of the Available Amount at such time; provided that no Event of Default under Section 8.01(1) or Section 8.01(6) then exists or shall have occurred or be continuing after giving effect to such incurrence of such
Indebtedness; 
 (35) [reserved]; 

(36) [reserved]; 

(37) Indebtedness of any Unrestricted Subsidiary that is redesignated as a Restricted Subsidiary so long as such Indebtedness
was not incurred by such Unrestricted Subsidiary in contemplation of such redesignation (it being acknowledged that (x) a Person that becomes a direct or indirect Restricted Subsidiary of the Borrower as a result of a Permitted Acquisition or
permitted Investment may remain liable with respect to Indebtedness existing on the date of such acquisition (and not incurred in contemplation thereof) and (y) an Unrestricted Subsidiary that is redesignated as a Restricted Subsidiary may
remain liable with respect to Indebtedness existing on the date of such redesignation (and not incurred in contemplation thereof)); and 

(38) all premiums (if any), interest (including post-petition interest), fees, expenses, charges and additional or contingent
interest on obligations described in clauses (1) through (36) above; 
 (c) For purposes of determining compliance with
this Section 7.02: 
 (1) in the event that an item of Indebtedness, Disqualified Stock or Preferred Stock (or any
portion thereof) at any time, whether at the time of incurrence or upon the application of all or a portion of the proceeds thereof or subsequently, meets the criteria of more than one of the categories of permitted Indebtedness, Disqualified Stock
or Preferred Stock described in clauses (1) through (38) above, the Borrower, in its sole discretion, may divide and classify and may subsequently re-divide and reclassify, such item of Indebtedness,
Disqualified Stock or Preferred Stock (or any portion thereof) and will only be required to include the amount and type of such Indebtedness, Disqualified Stock or Preferred Stock (or a portion thereof) in such of the above clauses as determined by
the Borrower at such time; provided that all Indebtedness incurred hereunder on the Closing Date will, at all times, be treated as incurred on the Closing Date under Section 7.02(b)(1) and may not be reclassified; 

  
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 (2) the Borrower is entitled to divide and classify an item of
Indebtedness, Disqualified Stock or Preferred Stock in more than one of the types of Indebtedness, Disqualified Stock or Preferred Stock described in Section 7.02(b), subject to the proviso to the preceding clause (1) of this
Section 7.02(c); 
 (3) the principal amount of Indebtedness outstanding under any clause of this Section 7.02
will be determined after giving effect to the application of proceeds of any such Indebtedness to refinance any such other Indebtedness; 

(4) in the event an item of Indebtedness, Disqualified Stock or Preferred Stock (or any portion thereof) is incurred or issued
pursuant to a fixed dollar Basket under Section 7.02(b) on the same date that an item of Indebtedness, Disqualified Stock or Preferred Stock (or any portion thereof) is incurred or issued under an applicable incurrence test available under
Section 7.02(b), then the applicable incurrence test under Section 7.02(b) will be calculated with respect to such incurrence under such incurrence test without regard to any incurrence under a fixed dollar Basket then available under
Section 7.02(b); provided that unless the Borrower elects otherwise, the incurrence of Indebtedness, Disqualified Stock or Preferred Stock will be deemed incurred or issued first under the then available incurrence test under
Section 7.02(b) to the extent permitted with the balance incurred under a then available fixed dollar Basket under Section 7.02(b); and 

(5) guarantees of, or obligations in respect of letters of credit relating to, Indebtedness that are otherwise included in the
determination of a particular amount of Indebtedness will not be included in the determination of such amount of Indebtedness; provided that the incurrence of the Indebtedness represented by such guarantee or letter of credit, as the case may
be, was incurred in compliance with this Section 7.02. 
 The accrual of interest or dividends, the accretion of accreted value, the
accretion or amortization of original issue discount and the payment of interest or dividends in the form of additional Indebtedness, Disqualified Stock or Preferred Stock and increases in the amount of Indebtedness outstanding solely as a result of
fluctuations in the exchange rate of currencies, in each case, will not be deemed to be an incurrence of Indebtedness, Disqualified Stock or Preferred Stock for purposes of this Section 7.02. Any Indebtedness incurred to refinance Indebtedness,
Disqualified Stock or Preferred Stock incurred pursuant to clauses (2), (3), (4), (12), (13), (14), (23) and (25) of Section 7.02(b) will be permitted to include additional Indebtedness, Disqualified Stock or Preferred Stock incurred to
pay accrued but unpaid interest and dividends and premiums, defeasance costs and fees and expenses incurred in connection with such refinancing. 

  
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 For purposes of determining compliance with any Dollar denominated restriction on the
incurrence of Indebtedness or issuance of Disqualified Stock or Preferred Stock, the Dollar equivalent principal amount of Indebtedness or Disqualified Stock or Preferred Stock denominated in a foreign currency will be calculated based on the
relevant currency exchange rate in effect on the date such Indebtedness, Disqualified Stock or Preferred Stock was incurred, in the case of term debt, or first committed or first incurred (whichever yields the lower Dollar equivalent), in the case
of revolving credit debt; provided that if such Indebtedness, Disqualified Stock or Preferred Stock is issued to Refinance other Indebtedness, Disqualified Stock or Preferred Stock denominated in a foreign currency, and such refinancing would
cause the applicable Dollar denominated (or the applicable growth component with respect to such Basket, if greater) restriction to be exceeded if calculated at the relevant currency exchange rate in effect on the date of such refinancing, such
Dollar denominated restriction will be deemed not to have been exceeded so long as the principal amount of such refinancing Indebtedness, Disqualified Stock or Preferred Stock does not exceed (i) the principal amount of such Indebtedness,
Disqualified Stock or Preferred Stock (as applicable) being refinanced plus (ii) the aggregate amount of accrued but unpaid interest, fees, underwriting discounts, defeasance costs, premiums (including tender premiums) and other costs
and expenses (including OID, upfront fees or similar fees) incurred in connection with such refinancing. 
 The principal amount of any
Indebtedness, Disqualified Stock or Preferred Stock incurred to refinance other Indebtedness, Disqualified Stock or Preferred Stock, if incurred in a different currency from the Indebtedness, Disqualified Stock or Preferred Stock, as applicable,
being refinanced, will be calculated based on the currency exchange rate applicable to the currencies in which such respective Indebtedness or Disqualified Stock or Preferred Stock is denominated that is in effect on the date of such refinancing.
The principal amount of any non-interest bearing Indebtedness or other discount security constituting Indebtedness at any date will be the principal amount thereof that would be shown on a balance sheet of the
Borrower dated such date prepared in accordance with GAAP. 
 For purposes of determining compliance with this Section 7.02, if any
Indebtedness is refinanced in reliance on a Basket measured by reference to a percentage of Adjusted EBITDA, and such refinancing would cause the percentage of Adjusted EBITDA to be exceeded if calculated based on the Adjusted EBITDA on the date of
such refinancing, such percentage of Adjusted EBITDA will not be deemed to be exceeded to the extent the principal amount of such obligations secured by such newly incurred Indebtedness does not exceed the sum of (i) the principal amount of
such Indebtedness being refinanced, plus (ii) the related costs incurred or payable in connection with such refinancing. 

Section 7.03 Fundamental Changes. The Borrower shall not, nor shall the Borrower permit any Restricted Subsidiary to, consolidate,
amalgamate or merge with or into or wind up into another Person, or liquidate or dissolve or sell, transfer, lease or otherwise dispose of (whether in one transaction or in a series of transactions) all or substantially all of its assets (whether
now owned or hereafter acquired) to or in favor of any Person (other than as part of the Transactions but including, in each case, pursuant to a Division), except that: 

(1) Subject to Section 3.03(a) of the Security Agreement, Holdings or any Restricted Subsidiary may merge or consolidate with the Borrower
(including a merger, the purpose of which is to reorganize the Borrower into a new jurisdiction); provided that 

  
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 (a) the Borrower shall be the continuing or surviving Person, and 

(b) such merger or consolidation does not result in the Borrower ceasing to be organized under the Laws of the United States,
any state thereof or the District of Columbia; 
 (2) 

(a) (1) any Restricted Subsidiary that is not a Loan Party may merge or consolidate with or into any other Restricted
Subsidiary that is not a Loan Party and (2) any Restricted Subsidiary that is a Loan Party may merger or consolidate with a Restricted Subsidiary that is not a Loan Party so long as such transaction would otherwise constitute a Permitted
Investment, 
 (b) any Restricted Subsidiary may merge or consolidate with or into any other Restricted Subsidiary that is a
Loan Party; provided that a Loan Party shall be the continuing or surviving Person or shall otherwise constitute a Permitted Investment; 

(c) any merger the sole purpose of which is to reincorporate or reorganize a Loan Party in another jurisdiction in the United
States will be permitted; and 
 (d) any Restricted Subsidiary may liquidate or dissolve or change its legal form if the
Borrower determines in good faith that such action is in the best interests of the Borrower and the Restricted Subsidiaries and is not materially disadvantageous to the Lenders; 

provided that in the case of clauses (b) through (d) of this Section 7.03(2), (x) no Event of Default shall have occurred and be continuing
or result therefrom or, in the case of a Permitted Acquisition or similar committed investment, no Event of Default under Section 8.01(1) or Section 8.01(6) shall have occurred and be continuing or result therefrom; provided that in
the case of a Limited Condition Transaction, at the Borrower’s option, such Event of Default may be tested in accordance with Section 1.07(8) so long as at the time of the consummation of such Limited Condition Transaction, no Event of
Default under Section 8.01(1) or Section 8.01(6) shall have occurred and be continuing or result therefrom and (y) the Person who receives the assets of such dissolving or liquidated Restricted Subsidiary that is a Guarantor shall be
a Loan Party or such disposition shall otherwise be permitted under Section 7.05 or the definition of “Permitted Investments”; 

(3) any Restricted Subsidiary may dispose of all or substantially all of its assets (upon voluntary liquidation or otherwise) to the Borrower
or another Restricted Subsidiary; provided that if the transferor in such a transaction is a Loan Party, then (x) the transferee must be a Loan Party or (y) to the extent constituting an Investment, such Investment must be a
Permitted Investment in a Restricted Subsidiary which is not a Loan Party in connection with any Investment permitted hereunder; 

  
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 (4) so long as no Event of Default shall have occurred and be continuing or result therefrom
or, in the case of a Permitted Acquisition or similar committed investment, no Event of Default under Section 8.01(1) or Section 8.01(6) shall have occurred and be continuing or result therefrom; provided that in the case of a
Limited Condition Transaction, at the Borrower’s option, such Event of Default may be tested in accordance with Section 1.07(8) so long as at the time of the consummation of such Limited Condition Transaction, no Event of Default under
Section 8.01(1) or Section 8.01(6) shall have occurred and be continuing or result therefrom, the Borrower may merge or consolidate with (or dispose of all or substantially all of its assets to) any other Person; provided that
(a) the Borrower shall be the continuing or surviving corporation or (b) if the Person formed by or surviving any such merger or consolidation is not the Borrower (or, in connection with a disposition of all or substantially all of the
Borrower’s assets, is the transferee of such assets) (any such Person, a “Successor Borrower”): 
 (i)
the Successor Borrower will: 
 (A) be an entity organized or existing under the laws of the United States, any state
thereof or the District of Columbia; 
 (B) expressly assume all the obligations of the Borrower under this Agreement and
the other Loan Documents to which the Borrower is a party pursuant to a supplement hereto or thereto in form reasonably satisfactory to the Administrative Agent and the Borrower; and 

(C) deliver to the Administrative Agent (I) an Officer’s Certificate stating that such merger or consolidation or
other transaction and such supplement to this Agreement or any Loan Document (as applicable) satisfies the requirements under this Section 7.03(4) and (II) an Opinion of Counsel including customary organization, due execution, no conflicts
and enforceability opinions (similar in scope and substance to the opinions delivered to the Administrative Agent on the Closing Date) to the extent reasonably requested by the Administrative Agent; 

(ii) substantially contemporaneously with such transaction (or at a later date as agreed by the Administrative Agent), 

(A) each Guarantor, unless it is the other party to such merger or consolidation, will by a supplement to the Guaranty (or in
another form reasonably satisfactory to the Administrative Agent and the Borrower) reaffirm its Guaranty of the Obligations (including the Successor Borrower’s obligations under this Agreement), 

(B) each Loan Party, unless it is the other party to such merger or consolidation, will, by a supplement to the Security
Agreement (or in another form reasonably satisfactory to the Administrative Agent), confirm its grant or pledge thereunder, and 

  
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 (iii) after giving pro forma effect to such incurrence, the Borrower
would be permitted to incur at least $1.00 of additional Indebtedness pursuant to clause (31) of Section 7.02(b); or 

(iv) the Administrative Agent shall have received at least three (3) Business Days prior to such transaction all
documentation and other information in respect of the Successor Borrower required under applicable “know your customer” and anti-money laundering rules and regulations, including the USA PATRIOT Act and the Beneficial Ownership Regulation;
provided further that if the foregoing are satisfied, the Successor Borrower will succeed to, and be substituted for, the Borrower under this Agreement; 

(5) so long as no Event of Default shall have occurred and be continuing or result therefrom or, in the case of a Permitted Acquisition or
similar committed investment, no Event of Default under Section 8.01(1) or Section 8.01(6) shall have occurred and be continuing or result therefrom; provided that in the case of a Limited Condition Transaction, at the
Borrower’s option, such Event of Default may be tested in accordance with Section 1.07(8) so long as at the time of the consummation of such Limited Condition Transaction, no Event of Default under Section 8.01(1) or
Section 8.01(6) shall have occurred and be continuing or result therefrom, Holdings, respectively, may merge or consolidate with (or dispose of all or substantially all of its assets to) any other Person; provided that (a) Holdings,
respectively, will be the continuing or surviving Person or (b) if: 
 (i) the Person formed by or surviving any such
merger or consolidation is not Holdings, 
 (ii) Holdings is not the Person into which the applicable Person has been
liquidated or 
 (iii) in connection with a disposition of all or substantially all of Holdings’ assets, the Person
that is the transferee of such assets is not Holdings, as applicable (any such Person described in the preceding clauses (i) through (iii), a “Successor Holdings”), then the Successor Holdings will: 

(A) be an entity organized or existing under the laws of the United States, any state thereof or the District of Columbia,

 (B) expressly assume all the obligations of Holdings under this Agreement and the other Loan Documents to which such
Person is a party pursuant to a supplement hereto or thereto in form reasonably satisfactory to the Administrative Agent and the Borrower, and 

(C) (I) expressly assume all the obligations of Holdings under this Agreement and the other Loan Documents to which such
Person is a party pursuant to a supplement hereto or thereto in form reasonably satisfactory to the Administrative Agent and the Borrower and (II) pledge 100% of the Equity Interests of the Borrower to the Administrative Agent as Collateral to
secure the Obligations in accordance with the Security Agreement or otherwise in form and substance reasonably satisfactory to the Administrative Agent and the Borrower; 

  
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 (iv) the Administrative Agent shall have received at least three
(3) Business Days prior to the such transaction all documentation and other information in respect of the Successor Holdings required under applicable “know your customer” and anti-money laundering rules and regulations, including the
USA PATRIOT Act and the Beneficial Ownership Regulation; 
 provided further that if the foregoing are satisfied, the Successor Holdings will succeed
to, and be substituted for, Holdings under this Agreement; 
 (6) any Restricted Subsidiary may merge or consolidate with (or dispose of all
or substantially all of its assets to) any other Person in order to effect a Permitted Investment or other investment permitted pursuant to Section 7.05; provided that solely in the case of a merger or consolidation involving a Loan
Party and subject to Section 1.07(8) in the case of a Limited Condition Transaction, no Event of Default shall have occurred and be continuing or result therefrom or, in the case of a Permitted Acquisition or similar committed investment, no
Event of Default under Section 8.01(1) or Section 8.01(6) (solely with respect to Holdings and the Borrower) shall have occurred and be continuing or result therefrom; provided further, that the continuing or surviving Person will
be a Loan Party, in each case, which together with each of its Restricted Subsidiaries, will have complied with the applicable requirements of Section 6.11; 

(7) a merger, dissolution, provisional liquidation, liquidation, consolidation or disposition, the purpose of which is to effect a disposition
permitted pursuant to Section 7.04 (other than under clause (2)(c) of the definition of “Asset Sale”); 
 (8) subject to
Section 3.03(a) of the Security Agreement, each of Holdings and the Borrower may (a) convert into a corporation, partnership, limited partnership, limited liability company or trust organized or existing under the laws of the jurisdiction
of organization of Holdings or the Borrower, respectively, or the laws of a jurisdiction in the United States and (b) change its name; 

(9) the Loan Parties and the Restricted Subsidiaries may consummate the Transactions; 

(10) the commencement of any proceedings against any Restricted Subsidiary under Debtor Relief Laws to the extent it shall not constitute an
Event of Default under Section 8.01(6); and 
 (11) the Transactions shall be permitted. 

Subject to the Collateral and Guarantee Requirement, in the event a Loan Party changes its (i) name as it appears in official filings in
its jurisdiction of incorporation, organization or formation or (ii) chief place of business or chief executive office, each Loan Party shall within 60 days (or such longer time period as may be agreed by the Collateral Agent) after any such
change, give the Collateral Agent notice of such change. 

  
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 Section 7.04 Asset Sales. The Borrower shall not, nor shall the Borrower permit
any Restricted Subsidiary to, consummate any Asset Sale unless: 
 (1) the Borrower or such Restricted Subsidiary, as the case may be,
receives consideration (including by way of relief from, or by any other Person assuming responsibility for, any liabilities, contingent or otherwise in connection with such Asset Sale) at least equal to the fair market value (measured at the time
of contractually agreeing to such Asset Sale) of the assets sold or otherwise disposed of, 
 (2) except in the case of a Permitted Asset
Swap, at least 75.0% of the consideration for such Asset Sale, together with all other Asset Sales since the Closing Date (on a cumulative basis), received by the Borrower or a Restricted Subsidiary, as the case may be, and to the extent the
consideration received in connection with the consummation of such Asset Sale exceeds the greater of (x) $20.0 million and (y) 10.0% of Adjusted EBITDA of the Borrower and its Restricted Subsidiaries as of the most recently ended Test Period
calculated giving pro forma effect thereto and is in the form of cash or Cash Equivalents; provided that each of the following will be deemed to be cash or Cash Equivalents for purposes of this clause (2): 

(a) any liabilities (as shown on the Borrower’s or any Restricted Subsidiary’s most recent balance sheet or in the
footnotes thereto or if incurred or accrued subsequent to the date of such balance sheet, such liabilities that would have been reflected on the Borrower’s or a Restricted Subsidiary’s consolidated balance sheet or in the footnotes thereto
if such incurrence or accrual had taken place on or prior to the date of such balance sheet, as determined in good faith by the Borrower) of the Borrower or any Restricted Subsidiary, other than liabilities that are by their terms subordinated in
right of payment to the Obligations, that are (i) assumed by the transferee of any such assets (or a third party in connection with such transfer) or (ii) otherwise cancelled or terminated in connection with the transaction with such
transferee (other than intercompany debt owed to the Borrower or a Restricted Subsidiary to the extent permitted hereunder); 

(b) any securities, notes or other obligations or assets received by the Borrower or any Restricted Subsidiary from such
transferee or in connection with such Asset Sale (including earnouts and similar obligations) that are converted by the Borrower or a Restricted Subsidiary into cash or Cash Equivalents, or by their terms are required to be satisfied for cash or
Cash Equivalents (to the extent of the cash or Cash Equivalents received) within 180 days following the closing of such Asset Sale; 

(c) any Designated Non-Cash Consideration received by the Borrower or any Restricted
Subsidiary in such Asset Sale having an aggregate fair market value, taken together with all other Designated Non-Cash Consideration received pursuant to this clause (c) that is at that time outstanding,
not to exceed the greater of (x) $30.0 million and (y) 15.0% of Adjusted EBITDA of the Borrower and its Restricted Subsidiaries as of the most recently ended Test Period calculated giving pro forma effect thereto on the date of the
receipt of such Designated Non-Cash Consideration (or, at the Borrower’s option, at the time of contractually agreeing to such Asset Sale), with the fair market value of each item of Designated Non-Cash Consideration being measured, at the Borrower’s option, either at the time of contractually agreeing to such Asset Sale or at the time received and, in either case, without giving effect to any
subsequent change(s) in value; or 

  
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 (d) Indebtedness of any Restricted Subsidiary that ceases to be a Restricted
Subsidiary as a result of such Asset Sale (other than intercompany debt owed to the Borrower or a Restricted Subsidiary), to the extent that the Borrower and each other Restricted Subsidiary are released from any guarantee of payment of the
principal amount of such Indebtedness in connection with such Asset Sale; 
 (3) the Net Proceeds of such Asset Sale shall be applied and/or
reinvested as (and to the extent) required by Section 2.05(2)(b); and 
 (4) in the event of an Asset Sale of IP Rights used or useful
in connection with the Term Priority Collateral (as defined in the ABL Intercreditor Agreement), the purchaser, assignee or other transferee thereof agrees in writing to be bound by a non-exclusive
royalty-free worldwide license of such IP Rights in favor of the Administrative Agent for use in connection with the exercise of the rights and remedies of the Secured Parties, which license shall be in form and substance reasonably satisfactory to
the Administrative Agent, and provided further that in the case of an Asset Sale of IP Rights by the Borrower or one of its Restricted Subsidiaries from a third party, the transferee thereof shall be required to provide such a license
only to the extent to which the applicable license gives it a right to do so. 
 To the extent any Collateral is disposed of as expressly
permitted by this Section 7.04 to any Person other than a Loan Party, such Collateral shall automatically be sold free and clear of the Liens created by the Loan Documents, and, if requested by the Administrative Agent, upon the certification
by the Borrower that such disposition is permitted by this Agreement, the Administrative Agent and the Collateral Agent shall be authorized to take any actions deemed appropriate in order to effect the foregoing. 

Section 7.05 Restricted Payments. 

(a) The Borrower shall not, nor shall the Borrower permit any Restricted Subsidiary to, directly or indirectly: 

(A) declare or pay any dividend or make any payment or distribution on account of the Borrower’s or any Restricted
Subsidiary’s Equity Interests (in each case, solely in such Person’s capacity as holder of such Equity Interests), including any dividend or distribution payable in connection with any merger, amalgamation or consolidation, other than:

 (1) dividends, payments or distributions payable solely in Equity Interests (other than Disqualified Stock) of the
Borrower or a Parent Company or in options, warrants or other rights to purchase such Equity Interests; or 

  
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 (2) dividends, payments or distributions by a Restricted Subsidiary so long
as, in the case of any dividend, payment or distribution payable on or in respect of any class or series of securities issued by a Restricted Subsidiary other than a wholly owned Subsidiary, the Borrower or a Restricted Subsidiary receives at least
its pro rata share of such dividend, payment or distribution in accordance with its Equity Interests in such class or series of securities or such other amount to which it is entitled pursuant to the terms of such Equity Interest; 

(B) purchase, redeem, defease or otherwise acquire or retire for value any Equity Interests of the Borrower or any Parent
Company, including in connection with any merger, amalgamation or consolidation, in each case held by Persons other than the Borrower or a Restricted Subsidiary; 

(C) make any principal payment on, or redeem, repurchase, defease or otherwise acquire or retire for value, in each case, prior
to any scheduled repayment, sinking fund payment or final maturity, of any Covered Indebtedness, other than: 
 (i)
Indebtedness permitted under clauses (7), (8) and (9) of Section 7.02(b); or 
 (ii) the payment, redemption,
repurchase, defeasance, acquisition or retirement for value of Covered Indebtedness purchased in anticipation of satisfying a sinking fund obligation, principal installment or final maturity, in each case due within one year of the date of such
payment, redemption, repurchase, defeasance, acquisition or retirement; 
 (D) make any Restricted Investment; 

(all such payments and other actions set forth in clauses (A) through (D) above being collectively referred to as “Restricted
Payments”); 
 (b) The provisions of Section 7.05(a) will not prohibit: 

(1) the payment of any dividend or other distribution or the consummation of any irrevocable redemption within 60 days after
the date of declaration of the dividend or other distribution or giving of the redemption notice, as the case may be, if at the date of declaration or notice, the dividend or other distribution or redemption payment would have complied with the
provisions of this Section 7.05; 

  
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 (2) 

(a) the redemption, repurchase, defeasance, discharge, retirement, exchange or other acquisition of (i) any Equity Interests
of the Borrower, any Restricted Subsidiary or any Parent Company, including any accrued and unpaid dividends thereon (“Treasury Capital Stock”) or (ii) Covered Indebtedness, in each case, made in exchange for, or out of the
proceeds of, a sale or issuance (other than to a Restricted Subsidiary) of Equity Interests of the Borrower or any Parent Company (to the extent such Equity Interests or proceeds therefrom are contributed to the Borrower) (in each case, other than
Disqualified Stock) (“Refunding Capital Stock”), 
 (b) the declaration and payment of dividends on
Treasury Capital Stock out of the proceeds of a sale or issuance (other than to a Restricted Subsidiary of the Borrower or to an employee stock ownership plan or any trust established by the Borrower or any Restricted Subsidiary) of Refunding
Capital Stock made within 120 days of such sale or issuance, and 
 (c) if, immediately prior to the retirement of Treasury
Capital Stock, the declaration and payment of dividends thereon by the Borrower were permitted under clauses (6)(a) or (b) of this Section 7.05(b), the declaration and payment of dividends on the Refunding Capital Stock (other than
Refunding Capital Stock the proceeds of which were used to redeem, repurchase, retire or otherwise acquire any Equity Interests of any Parent Company) in an aggregate amount per annum no greater than the aggregate amount of dividends per
annum that were declarable and payable on such Treasury Capital Stock immediately prior to such retirement; 
 (3) the
principal payment on, defeasance, redemption, repurchase, exchange or other acquisition or retirement of: 
 (a) Covered
Indebtedness of the Borrower or a Subsidiary Guarantor made by exchange for, or out of the proceeds of the sale, issuance or incurrence of, new Covered Indebtedness of the Borrower or a Subsidiary Guarantor or Disqualified Stock of the Borrower or a
Subsidiary Guarantor; provided such new Covered Indebtedness shall mature no earlier, and not have a shorter weighted average life, than the Covered Indebtedness being refinanced or exchanged, 

  
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 (b) Disqualified Stock of the Borrower or a Subsidiary Guarantor made by
exchange for, or out of the proceeds of the sale, issuance or incurrence of Disqualified Stock or Covered Indebtedness of the Borrower or a Subsidiary Guarantor, made within 120 days of such sale, issuance or incurrence, 

(c) Disqualified Stock of a Restricted Subsidiary that is not a Subsidiary Guarantor made by exchange for, or out of the
proceeds of the sale or issuance of, Disqualified Stock of a Restricted Subsidiary that is not a Subsidiary Guarantor, made within 120 days of such sale or issuance that, in each case, is Refinancing Indebtedness incurred or issued, as applicable,
in compliance with Section 7.02 and 
 (d) any Covered Indebtedness, Designated Preferred Stock or Disqualified Stock
that constitutes Acquired Indebtedness or Indebtedness otherwise assumed pursuant to Section 7.02(b)(14)(a); 
 (4) a
Restricted Payment to pay for the repurchase, retirement or other acquisition or retirement for value of Equity Interests (other than Disqualified Stock) (including related stock appreciation rights or similar securities) of the Borrower or any
Parent Company held by any future, present or former employee, director, officer, member of management or consultant (or their respective Controlled Investment Affiliates or Immediate Family Members or any permitted transferees thereof) of the
Borrower, any of its Subsidiaries or any Parent Company pursuant to any management equity plan or stock option plan or any other management or employee benefit plan or agreement, or any equity subscription or equity holder agreement (including, for
the avoidance of doubt, any principal and interest payable on any notes issued by the Borrower or any Parent Company in connection with any such repurchase, retirement or other acquisition), including any Equity Interests rolled over by management
of the Borrower, any of its Subsidiaries or any Parent Company in connection with the Transactions; provided that the aggregate amount of Restricted Payments made under this clause (4) does not exceed $15.0 million in any fiscal
year (increasing to $30.0 million in any fiscal year following a Qualifying IPO by the Borrower or any Parent Company) with unused amounts in any calendar year being carried over to the next two succeeding calendar years; provided further
that each of the amounts in any calendar year under this clause (4) may be increased by an amount not to exceed: 

  
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 (a) the cash proceeds from the sale of Equity Interests (other than
Disqualified Stock) of the Borrower and, to the extent contributed to the Borrower, the cash proceeds from the sale of Equity Interests of any Parent Company, in each case to any future, present or former employees, directors, officers, members of
management or consultants (or their respective Controlled Investment Affiliates or Immediate Family Members or any permitted transferees thereof) of the Borrower, any of its Subsidiaries or any Parent Company that occurs after the Closing Date, to
the extent the cash proceeds from the sale of such Equity Interests have not otherwise been applied to make a Restricted Payment with the Available Amount; plus 

(b) the amount of any cash bonuses otherwise payable to members of management, employees, directors or consultants (or their
respective Controlled Investment Affiliates or Immediate Family Members or any permitted transferees thereof) of the Borrower, any of its Subsidiaries or any Parent Company that are foregone in exchange for the receipt of Equity Interests of the
Borrower or any Parent Company pursuant to any compensation arrangement, including any deferred compensation plan; plus 

(c) the cash proceeds of life insurance policies received by the Borrower or its Restricted Subsidiaries (or by any Parent
Company to the extent contributed to the Borrower) after the Closing Date; minus 
 (d) the amount of any Restricted
Payments previously made with the cash proceeds described in clauses (a), (b) and (c) of this clause (4); 
 provided that the Borrower may
elect to apply all or any portion of the aggregate increase contemplated by clauses (a), (b) and (c) above in any calendar year; provided further that cancellation of Indebtedness owing to the Borrower or any Restricted Subsidiary from
any future, present or former employees, directors, officers, members of management, or consultants (or their respective Controlled Investment Affiliates or Immediate Family Members or any permitted transferees thereof) of the Borrower, any Parent
Company or any Restricted Subsidiary in connection with a repurchase of Equity Interests of the Borrower or any Parent Company will not be deemed to constitute a Restricted Payment for purposes of this Section 7.05 or any other provision of
this Agreement; and provided further, that no Event of Default specified in Section 8.01(1) or Section 8.01(6) (solely with respect to Holdings and the Borrower) shall have occurred and be continuing or would result from the making
of any Restricted Payment pursuant to this clause (4); 
 (5) any payments made in connection with (i) the Refinancing
or exchange of Covered Indebtedness for like or other Covered Indebtedness; provided that (x) such Covered Indebtedness matures no earlier than the Covered Indebtedness that is Refinanced

  
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or exchanged and (y) such Covered Indebtedness has a weighted average life to maturity no shorter than such refinanced or exchanged Covered Indebtedness and (ii) Refinancings of Covered
Indebtedness assumed in connection with a Permitted Acquisition or other similar Investment permitted hereunder (and not incurred in contemplation thereof); 

(6) 

(a) the declaration and payment of dividends or distributions to holders of any class or series of Designated Preferred Stock
issued by the Borrower or any Restricted Subsidiary after the Closing Date; 
 (b) the declaration and payment of dividends
or distributions to any Parent Company, the proceeds of which will be used to fund the payment of dividends or distributions to holders of any class or series of Designated Preferred Stock issued by such Parent Company after the Closing Date;
provided that the amount of dividends and distributions paid pursuant to this clause (b) will not exceed the aggregate amount of cash actually contributed to the Borrower from the sale of such Designated Preferred Stock; or 

(c) the declaration and payment of dividends on Refunding Capital Stock that is Designated Preferred Stock in excess of the
dividends declarable and payable thereon pursuant to clause (2) of this Section 7.05(b); 
 provided that, in the case of each of clauses
(a) and (c) of this clause (6) to the extent such Designated Preferred Stock does not constitute Indebtedness that was incurred under Section 7.02, that for the most recently ended Test Period preceding the date of issuance of such
Designated Preferred Stock or the declaration of such dividends on Refunding Capital Stock that is Preferred Stock, after giving effect to such issuance or declaration on a pro forma basis, the Borrower would be able to incur $1.00 of
Permitted Ratio Debt (and solely for the purpose of the testing hereunder, including all Designated Preferred Stock issued and outstanding in Consolidated Total Debt); 

(7) 

(a) payments made or expected to be made by the Borrower or any Restricted Subsidiary in respect of withholding or similar
taxes payable by any future, present or former employee, director, officer, member of management or consultant (or their respective Controlled Investment Affiliates or Immediate Family Members or permitted transferees) of the Borrower, any
Restricted Subsidiary or any Parent Company, 

  
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 (b) any repurchases or withholdings of Equity Interests in connection with
the exercise of stock options, warrants or similar rights if such Equity Interests represent a portion of the exercise of, or withholding obligations with respect to, such options, warrants or similar rights or required withholding or similar taxes
and 
 (c) loans or advances to officers, directors, employees, managers, consultants and independent contractors of the
Borrower, any Restricted Subsidiary or any Parent Company in connection with such Person’s purchase of Equity Interests of the Borrower or any Parent Company; provided that no cash is actually advanced pursuant to this clause
(c) other than to pay taxes due in connection with such purchase, unless immediately repaid; 
 (8) the declaration and
payment of dividends on the Borrower’s common equity (or the payment of dividends to any Parent Company to fund a payment of dividends on such company’s common equity), following the first public offering of the Borrower’s common
equity or the common equity of any Parent Company after the Closing Date that is a Qualifying IPO, in an amount not to exceed the greater of (a) 7.0% per annum of the net cash proceeds received by or contributed to the Borrower other than any public
sale constituting an Excluded Contribution and (b) 6.0% per annum of the Market Capitalization at the time of declaration of such Restricted Payment; provided that no Event of Default pursuant to Section 8.01(1) or 8.01(6) (solely with
respect to the Borrower) shall have occurred and be continuing or would result therefrom; 
 (9) Restricted Payments in an
amount that does not exceed the aggregate amount of Excluded Contributions; 
 (10) Restricted Payments made with the
Available Amount; provided that if this clause (10) is utilized to make a Restricted Investment, the amount deemed to be utilized under this clause (10) will be the amount of such Restricted Investment at any time outstanding (with
the fair market value of such Investment being measured at the time made and without giving effect to subsequent changes in value, but subject to adjustment as set forth in the definition of “Investment”); provided further that no
Event of Default pursuant to Section 8.01(1) or 8.01(6) (solely with respect to the Borrower) shall have occurred and be continuing or would result therefrom; 

  
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 (11) distributions or payments of Securitization Fees or distributions of
amounts received in connection with a Qualified Securitization Facility; 
 (12) any Restricted Payment made in connection
with the Transactions and the fees and expenses related thereto or owed to any Affiliate(s), including the Closing Date Distribution; 

(13) the repurchase, redemption, defeasance, acquisition or retirement for value of any Covered Indebtedness from Excluded
Proceeds (except to the extent utilized to make Restricted Payments pursuant to clause (10) above); 
 (14) the
declaration and payment of dividends or distributions by the Borrower or any Restricted Subsidiary to, or the making of loans or advances to, the Borrower or any Parent Company in amounts required for any Parent Company to pay in each case without
duplication: 
 (a) franchise, excise and similar taxes and other fees, taxes and expenses required to maintain their
corporate or other legal existence; 
 (b) for any taxable period for which the Borrower or any of its Restricted
Subsidiaries are members of a consolidated, combined, unitary or similar income tax group for U.S. federal or applicable foreign, state or local income tax purposes of which a Parent Company is the common parent (a “Tax
Group”), to pay the portion of any U.S. federal, foreign, state and local income taxes of such Tax Group for such taxable period that are attributable to the taxable income of the Borrower and its Subsidiaries (net of any payments of
such taxes made by the Borrower); provided that for each taxable period, (A) the amount of such payments made in respect of such taxable period in the aggregate will not exceed the amount that the Borrower and its Subsidiaries, as
applicable, would have been required to pay as stand-alone taxpayers or a stand-alone Tax Group and (B) the amount of such payments made in respect of an Unrestricted Subsidiary will be permitted only to the extent that cash distributions were
made by such Unrestricted Subsidiary to the Borrower or any Restricted Subsidiary for such purpose; 

  
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 (c) salary, bonus, severance and other benefits payable to, and indemnities
provided on behalf of, employees, directors, officers, members of management and consultants of any Parent Company, and any payroll, social security or similar taxes thereof; 

(d) general corporate or other operating, administrative, compliance and overhead costs and expenses (including expenses
relating to auditing and other accounting matters) of any Parent Company attributable to the ownership of the Borrower and its Restricted Subsidiaries; 

(e) fees and expenses (including ongoing compliance costs and listing expenses) related to any equity or debt offering of a
Parent Company (whether or not consummated); 
 (f) amounts that would be permitted to be paid directly by the Borrower or
its Restricted Subsidiaries under Section 6.19(b) (other than clause 2(a) thereof); 
 (g) interest or principal on
Indebtedness the proceeds of which have been contributed to the Borrower or any Restricted Subsidiary or that has been guaranteed by, or is otherwise considered Indebtedness of, the Borrower or any Restricted Subsidiary incurred in accordance with
Section 7.02; 
 (h) to finance Investments or other acquisitions or investments otherwise permitted to be made
pursuant to this Section 7.05 if made by the Borrower; provided that: 
 (i) such Restricted Payment must be
made within 120 days of the closing of such Investment, acquisition or investment, 
 (ii) such Parent Company must,
promptly following the closing thereof, cause (A) all property acquired (whether assets or Equity Interests) to be contributed to the capital of the Borrower or another Loan Party (which, for the avoidance of doubt, shall not be designated as
Excluded Contributions) or (B) the merger, amalgamation, consolidation or sale of the Person formed or acquired into the Borrower or another Loan Party (to the extent not prohibited by Section 7.03) in order to consummate such Investment,
acquisition or investment, 

  
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 (iii) such Parent Company and its Affiliates (other than the Borrower or
any Restricted Subsidiary) receives no consideration or other payment in connection with such transaction except to the extent the Borrower or a Restricted Subsidiary could have given such consideration or made such payment in compliance with this
Agreement, 
 (iv) any property received by the Borrower may not increase amounts available for Restricted Payments with the
Available Amount; 
 (v) to the extent constituting an Investment, such Investment will be deemed to be made by the Borrower
or such Restricted Subsidiary pursuant to another provision of this Section 7.05 (other than pursuant to clause (9) of this Section 7.05(b)) or pursuant to the definition of “Permitted Investments” (other than clause (9) thereof); 

(i) to the extent constituting a Restricted Payment, amounts due and payable pursuant to any Management Services Agreement;
and provided that no Event of Default specified in Section 8.01(1) or Section 8.01(6) (solely with respect to Holdings and the Borrower) shall have occurred and be continuing or would result from the making of any Restricted Payment
pursuant to this clause (14)(i); and 
 (j) following a Qualifying IPO, any costs and expenses in connection with becoming
or continuing to exist as a public company (including Public Company Costs); 
 (15) the distribution, by dividend or
otherwise, or other transfer or disposition of shares of Capital Stock of, Equity Interests in, or Indebtedness owed to the Borrower or a Restricted Subsidiary by, Unrestricted Subsidiaries (other than Unrestricted Subsidiaries, substantially all
the assets of which are cash and Cash Equivalents); provided that no Event of Default shall have occurred and be continuing or would result therefrom; 

  
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 (16) cash payments, or loans, advances, dividends or distributions to any
Parent Company to make payments, in lieu of issuing fractional shares in connection with share dividends, share splits, reverse share splits, mergers, consolidations, amalgamations or other business combinations and in connection with the exercise
of warrants, options or other securities convertible into or exchangeable for Equity Interests of the Borrower, any Restricted Subsidiary or any Parent Company; 

(17) unlimited additional Restricted Payments shall be permitted; provided that (a) after giving pro forma
effect thereto and the application of the net proceeds therefrom, the Total Net Leverage Ratio for the Test Period immediately preceding such Restricted Payment would be no greater than 1.25 to 1.00 (or, in the case of (i) Restricted
Investments, 1.75 to 1.00 or (ii) Covered Indebtedness, 1.50 to 1.00) and (b) no Event of Default under Section 8.01(1) or 8.01(6) (solely with respect to the Borrower) shall have occurred and be continuing or would result therefrom;

 (18) making payments for the benefit of the Borrower or any Restricted Subsidiary to the extent such payments could have
been made by the Borrower or any Restricted Subsidiary because such payments (a) would not otherwise be Restricted Payments and (b) would be permitted by Section 6.19; 

(19) payments and distributions to dissenting stockholders pursuant to applicable law, pursuant to or in connection with a
consolidation, amalgamation, merger or transfer of all or substantially all of the assets of the Borrower and its Restricted Subsidiaries taken as a whole that complies with the terms of this Agreement or any other transaction that complies with the
terms of this Agreement; 
 (20) the payment of dividends, other distributions and other amounts by the Borrower to, or the
making of loans to, any Parent Company in the amount required for such parent to, if applicable, pay amounts equal to amounts required for any Parent Company, if applicable, to pay interest or principal (including AHYDO Payments) on Indebtedness,
the proceeds of which have been permanently contributed to the Borrower or any Restricted Subsidiary (which, for the avoidance of doubt, shall not be designated as Excluded Contributions) and that has been guaranteed by, or is otherwise considered
Indebtedness of, the Borrower or any Restricted Subsidiary incurred in accordance with this Agreement; provided that the aggregate amount of such dividends, distributions, loans and other amounts shall not exceed the amount of cash actually
contributed to the Borrower for the incurrence of such Indebtedness; 

  
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 (21) the making of cash payments in connection with any conversion of
Convertible Indebtedness of the Borrower or any Restricted Subsidiary in an aggregate amount since the date of this Agreement not to exceed the sum of (a) the principal amount of such Convertible Indebtedness plus (b) any payments
received by the Borrower or any Restricted Subsidiary pursuant to the exercise, settlement or termination of any related Permitted Bond Hedge Transaction; 

(22) any payments in connection with (a) a Permitted Bond Hedge Transaction and (b) the settlement of any related
Permitted Warrant Transaction (i) by delivery of shares of the Borrower’s common stock upon settlement thereof or (ii) by (A) set-off against the related Permitted Bond Hedge Transaction or
(B) payment of an early termination amount thereof in common stock upon any early termination thereof; 
 (23)
Restricted Payments of the type referred to in clause (C) of the definition thereof in connection with the mandatory redemption of Disqualified Stock or Designated Preferred Stock; 

(24) Restricted Payments of the type referred to in clauses (A) or (B) of the definition thereof in an aggregate amount
not to exceed the greater of (x) $35.0 million and (y) 20.0% of Adjusted EBITDA of the Borrower and its Restricted Subsidiaries as of the most recently ended Test Period calculated giving pro forma effect thereto; provided, that
any Restricted Payment made using this clause (24) will cease to be deemed incurred or issued or outstanding for the purpose of this clause (24) but will be deemed incurred or issued under clause (17) from and after the first date on
which the Borrower or such Restricted Subsidiaries could have made such Restricted Payment under clause (17) without reliance on this clause (24); provided further, that no Event of Default specified in Section 8.01(1) or
Section 8.01(6) shall have occurred and be continuing or would result from the making of any Restricted Payment pursuant to this clause (24) (the “General RP Basket”); 

(25) Restricted Payments of the type referred to in clauses (C) and (D) of the definition thereof in an aggregate amount
not to exceed the sum of (I) the greater of (x) $35.0 million and (y) 20.0% of Adjusted EBITDA of the Borrower and its Restricted Subsidiaries as of the most recently ended Test Period calculated giving pro forma effect thereto
plus (II) in the Borrower’s sole discretion, any unused amount of the General RP Basket; provided, that any Restricted Payment made using this clause (25) will cease to be deemed incurred or issued or outstanding for the
purpose of this clause (25) but will be deemed incurred or issued under clause 

  
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(17) from and after the first date on which the Borrower or such Restricted Subsidiaries could have made such Restricted Payment under clause (17) without reliance on this clause (25);
provided further, that no Event of Default specified in Section 8.01(1) or Section 8.01(6) shall have occurred and be continuing or would result from the making of any Restricted Payment pursuant to this clause (25); 

(26) Restricted Payments of the type referred to in clauses (C) or (D) of the definition thereof in an aggregate amount
not to exceed the amount available pursuant to this Section 7.05 for the making of Restricted Payments of the type referred to in clauses (A) and (B) of the definition thereof; and 

(27) Restricted Payments in connection with any Permitted Reorganization Transaction or IPO Reorganization Transaction; 

provided that for purposes of clauses (7) and (14) above, taxes will include all interest and penalties with respect thereto and all additions
thereto. 
 (c) For purposes of determining compliance with this Section 7.05, in the event that any Restricted Payment
or Investment (or any portion thereof) meets the criteria of more than one of the categories of Restricted Payments described in clauses (1) through (26) of Section 7.05(b) or one or more of the clauses contained in the definition of
“Permitted Investments,” the Borrower will be entitled to divide or classify (or later divide, classify or reclassify), in whole or in part, in its sole discretion, such Restricted Payment or Investment (or any portion thereof) among such
clauses (1) through (26) of Section 7.05(b) or one or more clauses contained in the definition of “Permitted Investments,” in any manner that otherwise complies with this Section 7.05. 

The amount of all Restricted Payments (other than cash) will be the fair market value on the date the Restricted Payment is made, or at the
Borrower’s election, the date a commitment is made to make such Restricted Payment, of the assets or securities proposed to be transferred or issued by the Borrower or any Restricted Subsidiary, as the case may be, pursuant to the Restricted
Payment. 
 For the avoidance of doubt, this Section 7.05 will not restrict the making of any AHYDO Payment with respect to, and
required by the terms of, any Indebtedness of the Borrower or any Restricted Subsidiary permitted to be incurred under this Agreement. 

Section 7.06 [Reserved]. 

  
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 Section 7.07 Burdensome Agreements. 

(a) The Borrower shall not, nor shall the Borrower permit any Restricted Subsidiary that is not a Guarantor (or, solely in the
case of clause (4), that is a Subsidiary Guarantor) to, directly or indirectly, create or otherwise cause to exist or become effective any consensual encumbrance or consensual restriction (other than this Agreement or any other Loan Document) on the
ability of any Restricted Subsidiary that is not a Guarantor (or, solely in the case of clause (4), that is a Subsidiary Guarantor) to: 

(1) 

(a) pay dividends or make any other distributions to the Borrower or any Restricted Subsidiary that is a Guarantor on its
Capital Stock or with respect to any other interest or participation in, or measured by, its profits, or 
 (b) pay any
Indebtedness owed to the Borrower or to any Restricted Subsidiary that is a Guarantor; 
 (2) make loans or advances to the
Borrower or to any Restricted Subsidiary that is a Guarantor; 
 (3) sell, lease or transfer any of its properties or assets
to the Borrower or to any Restricted Subsidiary that is a Guarantor; or 
 (4) with respect to the Borrower or any
Subsidiary Guarantor, (a) Guaranty the Obligations or (b) create, incur or cause to exist or become effective Liens on property of such Person for the benefit of the Lenders with respect to the Obligations under the Loan Documents to the
extent such Lien is required to be given to the Secured Parties pursuant to the Loan Documents; 
 provided that any dividend or liquidation priority
between or among classes or series of Capital Stock, and the subordination of any Obligation (including the application of any remedy bars thereto) to any other Obligation will not be deemed to constitute such an encumbrance or restriction. 

(b) Section 7.07(a) will not apply to any encumbrances or restrictions existing under or by reason of: 

(a) encumbrances or restrictions in effect on the Closing Date, including pursuant to the Loan Documents and any Hedge
Agreements, Hedging Obligations and the related documentation and any definitive documentation in respect of the Indebtedness set forth on Schedule 7.02(3); 

(b) the ABL Loan Documents; 

(c) Purchase Money Obligations and Capitalized Lease Obligations that impose restrictions of the nature discussed in clause
(3) above on the property so acquired; 

  
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 (d) applicable Law or any applicable rule, regulation or order; 

(e) any agreement or other instrument of a Person, or relating to Indebtedness or Equity Interests of a Person, acquired by or
merged, amalgamated or consolidated with and into the Borrower or any Restricted Subsidiary or an Unrestricted Subsidiary that is designated as a Restricted Subsidiary, or any other transaction entered into in connection with any such acquisition,
merger, consolidation or amalgamation in existence at the time of such acquisition or at the time it merges, amalgamates or consolidates with or into the Borrower or any Restricted Subsidiary or an Unrestricted Subsidiary that is designated as a
Restricted Subsidiary or assumed in connection with the acquisition of assets from such Person (but, in any such case, not created in contemplation thereof), which encumbrance or restriction is not applicable to any Person, or the properties or
assets of any Person, other than the Person so acquired and its Subsidiaries, or the property or assets of the Person so acquired or designated and its Subsidiaries or the property or assets so acquired or designated; 

(f) contracts or agreements for the sale or disposition of assets, including any restrictions with respect to a Subsidiary of
the Borrower pursuant to an agreement that has been entered into for the sale or disposition of all or substantially all of the Capital Stock or assets of such Subsidiary; 

(g) restrictions on cash or other deposits or net worth imposed by customers under contracts entered into in the ordinary
course of business or consistent with industry practice or arising in connection with any Liens permitted by Section 7.01; 

(h) Indebtedness, Disqualified Stock or Preferred Stock of Restricted Subsidiaries that are not Guarantors permitted to be
incurred subsequent to the Closing Date pursuant to Section 7.02; 
 (i) provisions in joint venture agreements and
other similar agreements (including equity holder agreements) relating to such joint venture or its members or entered into in the ordinary course of business or consistent with industry practice; 

  
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 (j) customary provisions contained in leases, sub-leases, licenses, sub-licenses, Equity Interests or similar agreements, including with respect to IP Rights and other agreements; 

(k) restrictions created in connection with any Qualified Securitization Facility; 

(l) restrictions or conditions contained in any trading, netting, operating, construction, service, supply, purchase, sale or
other agreement to which the Borrower or any Restricted Subsidiary is a party entered into in the ordinary course of business or consistent with industry practice; provided that such agreement prohibits the encumbrance of solely the property
or assets of the Borrower or such Restricted Subsidiary that are the subject to such agreement, the payment rights arising thereunder or the proceeds thereof and does not extend to any other asset or property of the Borrower or such Restricted
Subsidiary or the assets or property of another Restricted Subsidiary; 
 (m) customary provisions restricting subletting or
assignment of any lease governing a leasehold interest of any Restricted Subsidiary; 
 (n) customary provisions restricting
assignment of any agreement; 
 (o) restrictions arising in connection with cash or other deposits permitted under
Section 7.01; any other agreement or instrument governing any Indebtedness, Disqualified Stock, or Preferred Stock permitted to be incurred or issued pursuant to Section 7.02 entered into after the Closing Date that contains encumbrances
and restrictions that either (i) are no more restrictive in any material respect, taken as a whole, with respect to any Restricted Subsidiary than (A) the restrictions contained in the Loan Documents as of the Closing Date or the ABL Loan
Documents as of the Closing Date or (B) those encumbrances and other restrictions that are in effect on the Closing Date with respect to that Restricted Subsidiary pursuant to agreements in effect on the Closing Date, (ii) are not
materially more disadvantageous, taken as a whole, to the Lenders than is customary in comparable financings for similarly situated issuers or (iii) will not materially impair the Borrower’s ability to make payments on the Obligations when
due, in each case in the good faith judgment of the Borrower; 

  
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 (p) (i) Indebtedness permitted to be incurred pursuant to
Section 7.02(b)(4) and any Refinancing Indebtedness in respect of the foregoing and (ii) agreements entered into in connection with any Sale-Leaseback Transaction entered into in the ordinary course of business or consistent with industry
practice; 
 (q) customary restrictions and conditions contained in documents relating to any Lien so long as (i) such
Lien is a Permitted Lien and such restrictions or conditions relate only to the specific asset subject to such Lien and (ii) such restrictions and conditions are not created for the purpose of avoiding the restrictions imposed by this
Section 7.07; 
 (r) any encumbrance or restriction with respect to a Restricted Subsidiary that was previously an
Unrestricted Subsidiary which encumbrance or restriction exists pursuant to or by reason of an agreement that such Subsidiary is a party to or entered into before the date on which such Subsidiary became a Restricted Subsidiary; provided that
such agreement was not entered into in anticipation of an Unrestricted Subsidiary becoming a Restricted Subsidiary and any such encumbrance or restriction does not extend to any assets or property of the Borrower or any other Restricted Subsidiary
other than the assets and property of such Restricted Subsidiary; 
 (s) any encumbrances or restrictions of the type
referred to in clauses (1), (2) or (3) above imposed by any amendments, modifications, restatements, renewals, increases, supplements, refundings, replacements or refinancings of the contracts, instruments or obligations referred to in clauses
(a) through (r) above; provided that such amendments, modifications, restatements, renewals, increases, supplements, refundings, replacements or refinancings are, in the good faith judgment of the Borrower, no more restrictive in any
material respect with respect to such encumbrance and other restrictions, taken as a whole, than those prior to such amendment, modification, restatement, renewal, increase, supplement, refunding, replacement or refinancing; 

(t) existing under, by reason of or with respect to Refinancing Indebtedness; provided that the encumbrances and
restrictions contained in the agreements governing that Refinancing Indebtedness are, in the good faith judgment of the Borrower, not materially more restrictive, taken as a whole, than those contained in the agreements governing the Indebtedness
being refinanced; and 

  
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 (u) applicable law or any applicable rule, regulation or order in any
jurisdiction where Indebtedness, Disqualified Stock or Preferred Stock of Foreign Subsidiaries permitted to be incurred pursuant to Section 7.02 is incurred. 

Section 7.08 Modification of Terms of Covered Indebtedness. The Borrower shall not, nor shall the Borrower permit any Restricted
Subsidiary to, amend, modify or change in any manner materially adverse to the interests of the Lenders, as determined in good faith by the Borrower (on the basis of such proposed amendments, modifications or changes taken as a whole), any term or
condition of any Covered Indebtedness having an aggregate outstanding principal amount greater than the Threshold Amount (other than as a result of any Refinancing Indebtedness in respect thereof) without the consent of the Administrative Agent
(which consent shall not be unreasonably withheld or delayed), which would impact the ability to provide the Collateral and Guarantees required pursuant to the Collateral and Guarantee Requirement; provided, however, that no amendment,
modification or change of any term or condition of any Covered Indebtedness permitted by any subordination provisions or intercreditor provisions set forth in the applicable Covered Indebtedness or any other stand-alone subordination agreement or
intercreditor agreement in respect thereof and, in each case consented to by the Administrative Agent shall be deemed to be materially adverse to the interests of the Lenders. 

Section 7.09 Holdings. Holdings will not conduct, transact or otherwise engage in any business or operations other than the
following (and activities incidental thereto): 
 (1) the ownership or acquisition of the Capital Stock (other than Disqualified Stock) of
any other Successor Holdings or the Borrower, 
 (2) the maintenance of its legal existence, including the ability to incur fees, costs and
expenses relating to such maintenance, 
 (3) to the extent applicable, participating in tax, accounting and other administrative matters as
a member of the combined group of Holdings and the Borrower, 
 (4) the performance of its obligations under and in connection with, and
payments with respect to, the Loan Documents, the ABL Loan Documents and related documentation in respect of the foregoing and any documents relating to other Indebtedness permitted under Section 7.02 (including, for the avoidance of doubt, the
incurrence of Qualified Holding Company Debt), 
 (5) any public offering of its common stock or any other issuance or registration of its
Capital Stock for sale or resale not prohibited by this Article VII, including the costs, fees and expenses related thereto, 
 (6)
repurchases of Indebtedness through open market purchases and Dutch auctions (in the case of Loans, to the extent permitted hereunder), 

  
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 (7) the incurrence of Qualified Holding Company Debt, 

(8) any transaction that Holdings is permitted to enter into or consummate under this Article VII and any transaction between or among
Holdings and the Borrower or any one or more Restricted Subsidiaries permitted under this Article VII, including: 
 (a)
making any payment(s) or Restricted Payment(s) (i) to the extent otherwise permitted under this Section 7.09 and (ii) with any amounts received pursuant to transactions permitted under Section 7.05 (or the making of a loan to any
Parent Company in lieu of any such payment(s) or Restricted Payment(s)) or holding any cash received in connection therewith pending application thereof by Holdings, 

(b) making any Investment to the extent (i) payment therefor is made solely with the Capital Stock of Holdings (other than
Disqualified Stock), the proceeds of Restricted Payments received from the Borrower or proceeds of the issuance of, or contribution in respect of the, Capital Stock (other than Disqualified Stock) of Holdings and (ii) any property (including
Capital Stock) acquired in connection therewith is contributed to the Borrower or a Subsidiary Guarantor (or, if otherwise permitted by Section 7.05 or constituting a Permitted Investment, a Restricted Subsidiary) or the Person formed or
acquired in connection therewith is merged with the Borrower or a Subsidiary Guarantor; 
 (c) guaranteeing the obligations
and granting of Liens of the Borrower and its Subsidiaries to the extent such obligations are not prohibited hereunder; 

(d) incurrence of Indebtedness of Holdings representing deferred compensation to employees, consultants or independent
contractors of Holdings and unsecured Indebtedness consisting of promissory notes issued by any Loan Party to future, present or former employees, directors, officers, managers, distributors or consultants (or their respective Controlled Investment
Affiliates or Immediate Family Members) of the Borrower, any Subsidiary or any Parent Company to finance the retirement, acquisition, repurchase, purchase or redemption of Capital Stock of Holdings, 

(e) incurring fees, costs and expenses relating to overhead and general operating including professional fees for legal, tax
and accounting issues and paying taxes, 
 (f) providing indemnification to officers and directors and as otherwise permitted
in this Article VII, 
 (g) activities incidental to the consummation of (i) any Permitted Reorganization
Transaction or IPO Reorganization Transaction or (ii) the Transactions, 
 (h) the making of any loan to any officers or
directors contemplated by Section 7.05 or constituting a Permitted Investment, the making of any investment in the Borrower or any Subsidiary Guarantor or, to the extent otherwise allowed under Section 7.05 or constituting a Permitted
Investment, a Restricted Subsidiary, 
 (i) making contributions to the capital of its Subsidiaries, or 

  
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 (j) making Investments in cash and Cash Equivalents. 

(9) activities incidental to the businesses or activities described in clauses (1) through (8) of this Section 7.09. 

ARTICLE VIII 
 EVENTS OF DEFAULT
AND REMEDIES 
 Section 8.01 Events of Default. Each of the events referred to in clauses (1) through (11) of this
Section 8.01 shall constitute an “Event of Default”: 
 (1) Non-Payment. The
Borrower fails to pay (a) when and as required to be paid herein, any amount of principal of any Loan or (b) within five (5) Business Days after the same becomes due, any interest on any Loan or any other amount payable hereunder or
with respect to any other Loan Document; or 
 (2) Specific Covenants. Any Loan Party or, in the case of Section 7.09, Holdings,
fails to perform or observe any term, covenant or agreement contained in any of Section 6.03(1) or 6.05(1) (solely with respect to the Borrower, other than in a transaction permitted under Section 7.03 or 7.04) or Article VII; or 

(3) Other Defaults. Any Loan Party fails to perform or observe any other covenant or agreement (not specified in Section 8.01(1) or
(2) above) contained in any Loan Document on its part to be performed or observed and such failure continues for thirty (30) days after receipt by the Borrower of written notice thereof from the Administrative Agent; or 

(4) Representations and Warranties. Any representation, warranty, certification or statement of fact made or deemed made by the Borrower
or any Subsidiary Guarantor herein, in any other Loan Document, or in any document required to be delivered in connection herewith or therewith shall be untrue in any material respect when made or deemed made and such representation, warranty,
certification or statement of fact (if curable) shall remain incorrect for a period of 30 days after notice thereof from the Administrative Agent to the Borrower; or 

(5) Cross-Default and Cross-Acceleration. Any Loan Party or any Restricted Subsidiary (a) fails to make any payment beyond the
applicable grace period, if any, whether by scheduled maturity, required prepayment, acceleration, demand, or otherwise, in respect of any Indebtedness (other than Indebtedness hereunder) having an aggregate outstanding principal amount
(individually or in the aggregate with all other Indebtedness as to which such a failure shall exist) of not less than the Threshold Amount, or (b) fails to observe or perform any other agreement or condition relating to any such Indebtedness
referred to in the foregoing clause (a), or any other event occurs (other than, with respect to Indebtedness consisting of Hedging Obligations, termination events or equivalent events pursuant to the terms of such Hedging Obligations and not as a
result of any default thereunder by the Borrower, or any Subsidiary Guarantor or any Restricted Subsidiary) with respect to such Indebtedness, the effect of which default or other event is to cause, or to permit the holder or holders of such
Indebtedness (or a trustee or agent on behalf of such holder or holders or beneficiary or beneficiaries) to cause, with the giving of notice if required, such Indebtedness to become due or to be repurchased, prepaid, defeased or redeemed

  
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(automatically or otherwise), or an offer to repurchase, prepay, defease or redeem such Indebtedness to be made, prior to its stated maturity; provided that (A) such failure is
unremedied and is not waived by the holders of such Indebtedness prior to any termination of the Commitments or acceleration of the Loans pursuant to Section 8.02, (B) this clause (5)(b) shall not apply to any Indebtedness if the sole remedy of
the holder thereof in the event of the non-payment of such Indebtedness or the non-payment or non-performance of obligations
related thereto is to convert such Indebtedness into Equity Interests (other than Disqualified Stock) and cash in lieu of fractional shares and (C) this clause (5)(b) 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, if such sale or transfer is permitted hereunder and under the documents providing for such Indebtedness; provided further that an ABL Event of Default under
Section 8.01 of the ABL Credit Agreement shall not constitute an Event of Default hereunder unless and until (I) in the case of an ABL Event of Default under Section 8.01(b) of the ABL Credit Agreement for failure to comply with the
ABL Financial Covenant (after giving effect to all applicable grace periods and the ability to make Specified Equity Contributions in accordance with the terms of the ABL Credit Agreement), a majority of the ABL Lenders have actually declared all
ABL Obligations to be immediately due and payable in accordance with the terms of the ABL Credit Agreement and such declaration has not been rescinded by a majority of the ABL Lenders on or before such date or (II) in the case of all other such
ABL Events of Default the earlier of (1) 60 consecutive calendar days shall have passed since the occurrence of such ABL Event of Default and (2) the date on which a majority of the ABL Lenders have actually declared all ABL Obligations to be
immediately due and payable in accordance with the terms of the ABL Credit Agreement and such declaration has not been rescinded by a majority of the ABL Lenders on or before such date; or 

(6) Insolvency Proceedings, etc. Any Loan Party or any Restricted Subsidiary that is a Significant Subsidiary institutes or consents to
the institution of any proceeding under any Debtor Relief Law, or makes an assignment for the benefit of creditors; or applies for or consents to the appointment of any receiver, trustee, custodian, conservator, liquidator, provisional liquidator,
rehabilitator, administrator, administrative receiver or similar officer for it or for all or any material part of its property; or any receiver, trustee, custodian, conservator, liquidator, provisional liquidator, rehabilitator, administrator,
administrative receiver or similar officer is appointed without the application or consent of such Person and the appointment continues undischarged or unstayed for sixty (60) calendar days; or any proceeding under any Debtor Relief Law
relating to any such Person or to all or any material part of its property is instituted without the consent of such Person and continues undismissed or unstayed for sixty (60) calendar days, or an order for relief is entered in any such
proceeding; or 
 (7) Judgments. There is entered against any Loan Party or any Restricted Subsidiary a final judgment and order for
the payment of money in an aggregate amount exceeding the Threshold Amount (to the extent not covered by independent third-party insurance as to which the insurer has been notified of such judgment or order and has not denied coverage thereof) and
such judgment or order shall not have been satisfied, vacated, discharged or stayed or bonded pending an appeal for a period of sixty (60) calendar days; or 

(8) ERISA. (a) An ERISA Event occurs with respect to a Pension Plan or Multiemployer Plan or (b) with respect to a Foreign
Plan a termination, withdrawal or noncompliance with applicable Law or plan terms, except, with respect to each of the foregoing clauses of this Section 8.01(8), as would not reasonably be expected, individually or in the aggregate, to result
in a Material Adverse Effect; or 

  
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 (9) Invalidity of Loan Documents. Any material provision of the Loan Documents, taken
as a whole, at any time after its execution and delivery and for any reason, other than (a) as expressly permitted by any Loan Documents (including as a result of a transaction permitted under Section 7.03 or 7.04), (b) as a result of acts
or omissions by an Agent or any Lender or (c) due to the satisfaction in full of the Termination Conditions, ceases to be in full force and effect; or any Loan Party contests in writing the validity or enforceability of the Loan Documents,
taken as a whole (other than as a result of the satisfaction of the Termination Conditions), or any Loan Party denies in writing that it has any or further liability or obligation under the Loan Documents, taken as a whole (other than as a result of
the satisfaction of the Termination Conditions), or purports in writing to revoke or rescind the Loan Documents, taken as a whole, prior to the satisfaction of the Termination Conditions; 

(10) Collateral Documents. Any Collateral Document with respect to a material portion of the Collateral after delivery thereof pursuant
to Section 4.01, 6.11 or 6.13 for any reason (other than pursuant to the terms hereof or thereof including as a result of a transaction not prohibited under this Agreement) ceases to create, a valid and perfected Lien with the priority required
by the Applicable Intercreditor Agreement (or other security purported to be created on the applicable Collateral) on and security interest in any material portion of the Collateral purported to be covered thereby, subject to Liens permitted under
Section 7.01, except to the extent that any such loss of perfection or priority is not required pursuant to the Collateral and Guarantee Requirement or results from the failure of the Administrative Agent or the Collateral Agent to maintain
possession of Collateral actually delivered to it and pledged under the Collateral Documents or to file Uniform Commercial Code amendments relating to a Loan Party’s change of name or jurisdiction of formation (solely to the extent that the
Borrower provides the Collateral Agent written notice thereof in accordance with the Security Agreement, and the Collateral Agent and the Borrower have agreed that the Collateral Agent will be responsible for filing such amendments) and continuation
statements or to take any other action primarily within its control with respect to the Collateral; or 
 (11) Change of Control.
There occurs any Change of Control. 
 Section 8.02 Remedies upon Event of Default. If any Event of Default occurs and is
continuing, the Administrative Agent may with the consent of the Required Lenders and shall, at the request of the Required Lenders, take any or all of the following actions: 

(1) declare the Commitments of each Lender to be terminated, whereupon such Commitments will be terminated; 

(2) declare the unpaid principal amount of all outstanding Loans, all interest accrued and unpaid thereon, and all other amounts owing or
payable under any Loan Document to be immediately due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived by the Borrower; and 

  
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 (3) exercise on behalf of itself and the Lenders all rights and remedies available to it and
the Lenders under the Loan Documents or applicable Law; 
 provided that upon the occurrence of an actual or deemed entry of an order for relief with
respect to the Borrower under Title 11 of the United States Code entitled “Bankruptcy,” as now or hereafter in effect, or any successor thereto (the “Bankruptcy Code”), the Commitments of each Lender will automatically
terminate and the unpaid principal amount of all outstanding Loans and all interest and other amounts as aforesaid will automatically become due and payable without further act of the Administrative Agent or any Lender. 

Section 8.03 Application of Funds. After the exercise of remedies provided for in Section 8.02 (or after the Loans have
automatically become immediately due and payable as set forth in the proviso to Section 8.02), subject to the Applicable Intercreditor Agreement then in effect, any amounts received on account of the Obligations will be applied by the
Administrative Agent in the following order: 
 First, to payment of that portion of the Obligations constituting
fees, indemnities, expenses and other amounts (other than principal and interest, but including Attorney Costs payable under Section 10.04 and amounts payable under Article III) payable to the Administrative Agent in
its capacity as such; 
 Second, to payment of that portion of the Obligations constituting fees, indemnities and
other amounts (other than principal and interest, but including Attorney Costs payable under Section 10.04 and amounts payable under Article III) payable to the Lenders, ratably among them in proportion to the amounts
described in this clause Second payable to them; 
 Third, to payment of that portion of the Obligations constituting
accrued and unpaid interest on the Loans, ratably among the Lenders in proportion to the respective amounts described in this clause Third payable to them; 

Fourth, to payment of that portion of the Obligations constituting unpaid principal of the Loans, the other Obligations
under Secured Hedge Agreements and Cash Management Obligations, ratably among the Secured Parties in proportion to the respective amounts described in this clause Fourth held by them; 

Fifth, to the payment of all other Obligations of the Loan Parties that are due and payable to the Administrative Agent
and the other Secured Parties on such date, ratably based upon the respective aggregate amounts of all such Obligations owing to the Administrative Agent and the other Secured Parties on such date; and 

Last, the balance, if any, after all of the Obligations have been paid in full, to the Borrower or as otherwise
required by Law. 

  
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 Section 8.04 Expired Defaults; Net Short Lenders. 

(1) The Administrative Agent shall not be entitled to provide a notice of Default under clause (3) or clause (4) of
Section 8.01, or exercise remedies pursuant to an Event of Default under clause (2) of Section 8.01, with respect to any such action, event, occurrence or other matter described in any such clause that was reported to the
Administrative Agent and the Lenders, or otherwise reported publicly, more than two (2) years after the date on which such action, event, occurrence or other matter was reported to the Administrative Agent and the Lenders or publicly announced;
provided that such limitation shall not apply to the extent the Administrative Agent has commenced any remedial action or has provided notice to the Borrower that it reserved its rights relating to such Default. 

(2) Any notice of Default, notice of acceleration or instruction to the Administrative Agent to provide a notice of Default, notice of
acceleration or take any other action (a “Lender Direction”) provided by any one or more Lenders (each a “Directing Lender”) will be deemed to be a representation from each such Lender to the Borrower and the
Administrative Agent that such Lender is not Net Short (a “Position Representation”), which representation, in the case of a Lender Direction relating to the delivery of a notice of Default shall be deemed a continuing
representation until the resulting Event of Default is cured or otherwise ceases to exist or the Obligations are accelerated. In addition, each Directing Lender is deemed, at the time of providing a Lender Direction, to covenant to provide the
Borrower with such other information as the Borrower may reasonably request from time to time in order to verify the accuracy of such lender’s Position Representation within five Business Days of request therefor (a “Verification
Covenant”). 
 (3) If, following the delivery of a Lender Direction, but prior to acceleration of the Obligations, the Borrower
determines in good faith that there is a reasonable basis to believe a Directing Lender was, at any relevant time, in breach of its Position Representation and provides to the Administrative Agent an Officer’s Certificate stating that the
Borrower has initiated litigation in a court of competent jurisdiction seeking a determination that such Directing Lender was, at such time, in breach of its Position Representation, and seeking to invalidate any Default, Event of Default or
acceleration (or notice thereof) that resulted from the applicable Lender Direction, and solely to the extent that any Lender Direction is not otherwise made or action by the Administrative Agent is not otherwise being taken in accordance with the
Loan Documents without the applicable Lender participating in such Lender Direction, the cure period with respect to such Default shall be automatically stayed and the cure period with respect to such Default or Event of Default shall be
automatically reinstituted and any remedy stayed until the earlier of (x) a final and non-appealable determination of a court of competent jurisdiction on such matter or (y) the Borrower has provided
to the Administrative Agent an Officer’s Certificate stating that the applicable Directing Lender has provided information verifying the accuracy of such Lender’s deemed representation or warranty with respect to such Directing Lender not
being Net Short. Following receipt of an Officer’s Certificate pursuant to clause (y) of the preceding sentence, the Administrative Agent shall be permitted to act in accordance with such Lender Direction. Any determination by a court of
competent jurisdiction that there was a breach of the Position Representation shall result in such Lender’s participation in such Lender Direction being disregarded; and, if, without the participation of such Lender, the percentage of
Obligations held by the remaining Lenders that provided such Lender Direction would have been insufficient to validly provide such Lender Direction, such Lender Direction shall be void ab initio, with the effect that any resulting acceleration shall
be voided and the Administrative Agent shall be deemed not to have received such Lender Direction. 

  
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 (4) Notwithstanding anything in the preceding two paragraphs to the contrary, any Lender
Direction delivered to the Administrative Agent during the pendency of an Event of Default under Section 8.01(6) shall not require compliance with the foregoing paragraphs. 

(5) For the avoidance of doubt, the Administrative Agent shall be entitled to conclusively rely on any Lender Direction delivered to it in
accordance with this Agreement, shall have no duty to inquire as to or investigate the accuracy of any Position Representation, verify any statements in any Officer’s Certificate delivered to it, or otherwise make calculations, investigations
or determinations with respect to Derivative Instruments, Net Shorts, Long Derivative Instruments, Short Derivative Instruments or otherwise. The Administrative Agent shall have no liability to the Borrower, any Lender or any other person in acting
in good faith on a Lender Direction. 
 ARTICLE IX 

ADMINISTRATIVE AGENT AND OTHER AGENTS 

Section 9.01 Appointment and Authorization of the Administrative Agent. 

(1) Each Lender hereby irrevocably appoints Bank of America, to act on its behalf as the Administrative Agent hereunder and under the other
Loan Documents 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 hereof or thereof, together with such actions and powers as are
reasonably incidental thereto. The provisions of this Article IX (other than Sections 9.09, 9.10, 9.11, 9.12 and 9.16) are solely for the benefit of the Administrative Agent and the Lenders and the Borrower shall not have rights as a
third-party beneficiary of any such provision. 
 (2) The Administrative Agent shall also act as the “collateral agent” under the
Loan Documents, and each of the Lenders (including in its capacities as a Lender and a potential Hedge Bank or Cash Management Bank) hereby irrevocably appoints and authorizes the Administrative Agent to act as the agent of (and to hold any security
interest created by the Collateral Documents for and on behalf of or in trust for) such Lender for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any of the Loan Parties to secure any of the Obligations,
together with such powers and discretion as are reasonably incidental thereto. In this connection, the Administrative Agent, as “collateral agent” (and any co-agents,
sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 9.05 for purposes of holding or
enforcing any Lien on the Collateral (or any portion thereof) granted under the Collateral Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Agent), shall be entitled to the benefits of all
provisions of this Article IX (including Section 9.07, as though such co-agents, sub-agents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. Without limiting the generality of the foregoing, the Lenders hereby
expressly authorize the Administrative Agent to execute any and all documents (including releases) with respect to the Collateral and the rights of the Secured Parties with respect thereto (including any Applicable Intercreditor Agreement), as
contemplated by and in accordance with the provisions of this Agreement and the Collateral Documents and acknowledge and agree that any such action by any Agent shall bind the Lenders. 

  
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 Section 9.02 Rights as a Lender. Any Lender that is also serving as an Agent
(including as 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 an Agent and the term “Lender” or “Lenders”
shall, unless otherwise expressly indicated or unless the context otherwise requires, include each Lender (if any) serving as an Agent hereunder in its individual capacity. Any such Person serving as an Agent and its Affiliates may accept deposits
from, lend money to, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with the Borrower or any Subsidiary or other Affiliate thereof as if such Person were not an Agent hereunder and
without any duty to account therefor to the Lenders. The Lenders acknowledge that, pursuant to such activities, any Agent or its Affiliates may receive information regarding any Loan Party or any of its Affiliates (including information that may be
subject to confidentiality obligations in favor of such Loan Party or such Affiliate) and acknowledge that no Agent shall be under any obligation to provide such information to them. 

Section 9.03 Exculpatory Provisions. The Administrative Agent, Collateral Agent and the Arrangers shall not have any duties or
responsibilities except those expressly set forth in this Agreement and in the other Loan Documents. Without limiting the generality of the foregoing, an Agent (including the Administrative Agent) and an Arranger: 

(1) shall not be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is continuing and without
limiting the generality of the foregoing, the use of the term “agent” herein and in the other Loan Documents with reference to any Agent or Arranger is not intended to connote any fiduciary or other implied (or express) obligations arising
under agency doctrine of any applicable Law and instead, such term is used merely as a matter of market custom, and is intended to create or reflect only an administrative relationship between independent contracting parties; 

(2) shall not have any duty to take any discretionary action or exercise any discretionary powers, except discretionary rights and powers
expressly contemplated hereby or by the other Loan Documents that such Agent or Arranger is required to exercise as directed in writing by the Required Lenders (or such other number or percentage of the Lenders as shall be expressly provided for
herein or in the other Loan Documents); provided that no Agent shall be required to take any action that, in its opinion or the opinion of its counsel, may expose such Agent or Arranger to liability or that is contrary to any Loan Document or
applicable law; and 
 (3) shall not, except as expressly set forth herein and in the other Loan Documents, have any duty to disclose, and
shall not be liable for the failure to disclose, any information relating to the Borrower or any of their Affiliates that is communicated to or obtained by any Person serving as an Agent, Arranger or any of their Affiliates in any capacity. 

Neither the Administrative Agent nor any of its Related Persons shall be liable for any action taken or not taken by it (i) with the
consent or at the request of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary, or as the Administrative Agent shall believe in good faith shall be necessary, under the circumstances as provided in

  
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Sections 10.01 and 8.02) or (ii) in the absence of its own gross negligence or willful misconduct as determined by the final and non-appealable
judgment of a court of competent jurisdiction, in connection with its duties expressly set forth herein. The Administrative Agent shall be deemed not to have knowledge of any Default unless and until notice describing such Default is given to the
Administrative Agent by the Borrower or a Lender. 
 No Agent-Related Person shall be responsible for or have any duty to ascertain or
inquire into (i) any recital, statement, warranty or representation made in or in connection with this Agreement or any other Loan Document, (ii) the contents of any certificate, report or other document delivered hereunder or thereunder
or in connection herewith or therewith, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth herein or therein or the occurrence of any Default, (iv) the validity, enforceability,
effectiveness or genuineness of this Agreement, any other Loan Document or any other agreement, instrument or document, or the creation, perfection or priority of any Lien purported to be created by the Collateral Documents, (v) the value or
the sufficiency of any Collateral, or (vi) the satisfaction of any condition set forth in Article IV or elsewhere herein, other than to confirm receipt of items expressly required to be delivered to the Administrative Agent, or to inspect
the properties, books or records of any Loan Party or any Affiliate thereof. The duties of the Administrative Agent shall be mechanical and administrative in nature; the Administrative Agent shall not have by reason of this Agreement or any other
Loan Document a fiduciary relationship in respect of any Lender or the holder of any Term Note; and nothing in this Agreement or in any other Loan Document, expressed or implied, is intended to or shall be so construed as to impose upon the
Administrative Agent any obligations in respect of this Agreement or any other Loan Document except as expressly set forth herein or therein. 

Notwithstanding any other provision of this Agreement or any provision of any other Loan Document, each Arranger is named as such for
recognition purposes only, and in its capacity as such shall have no powers, duties, responsibilities or liabilities with respect to this Agreement or the other Loan Documents or the transactions contemplated hereby and thereby; it being understood
and agreed that each Arranger shall be entitled to all indemnification and reimbursement rights in favor of the Administrative Agent as, and to the extent, provided for under Section 10.05. Without limitation of the foregoing, each Arranger
shall not, solely by reason of this Agreement or any other Loan Documents, have any fiduciary relationship in respect of any Lender or any other Person. 

Section 9.04 Lack of Reliance on the Administrative Agent. Independently and without reliance upon the Administrative Agent, each
Lender and the holder of each Term Note, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of Holdings, the Borrower and the Restricted
Subsidiaries in connection with the making and the continuance of the Loans and the taking or not taking of any action in connection herewith and (ii) its own appraisal of the creditworthiness of Holdings, the Borrower and the Restricted
Subsidiaries and, except as expressly provided in this Agreement, the Administrative Agent shall not have any duty or responsibility, either initially or on a continuing basis, to provide any Lender or the holder of any Term Note with any credit or
other information with respect thereto, whether coming into its possession before the making of the Loans or at any time or times thereafter. The Administrative Agent shall not be responsible to any Lender or the holder of any Term Note for any
recitals, statements, information, 

  
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representations or warranties herein or in any document, certificate or other writing delivered in connection herewith or for the execution, effectiveness, genuineness, validity, enforceability,
perfection, collectability, priority or sufficiency of this Agreement or any other Loan Document or the financial condition of Holdings, the Borrower or any of the Restricted Subsidiaries or be required to make any inquiry concerning either the
performance or observance of any of the terms, provisions or conditions of this Agreement or any other Loan Document, or the financial condition of Holdings, the Borrower or any of the Restricted Subsidiaries or the existence or possible existence
of any Default or Event of Default. 
 Section 9.05 Certain Rights of the Administrative Agent. If the Administrative Agent
requests instructions from the Required Lenders (or such greater percentage of Lenders required) with respect to any act or action (including failure to act) in connection with this Agreement or any other Loan Document, the Administrative Agent
shall be entitled to refrain from such act or taking such action unless and until the Administrative Agent shall have received instructions from the Required Lenders (or such greater percentage of Lenders required); and the Administrative Agent
shall not incur liability to any Lender by reason of so refraining. Without limiting the foregoing, neither any Lender nor the holder of any Term Note shall have any right of action whatsoever against the Administrative Agent as a result of the
Administrative Agent acting or refraining from acting hereunder or under any other Loan Document in accordance with the instructions of the Required Lenders (or such greater percentage of Lenders required). 

Section 9.06 Reliance by the Administrative Agent. The Administrative Agent shall be entitled to rely upon, and shall be fully
protected in relying upon, any note, writing, resolution, notice, statement, certificate, telex, teletype or facsimile message, cablegram, radiogram, order or other document or telephone message signed, sent or made by any Person that the
Administrative Agent believed to be the proper Person, and, with respect to all legal matters pertaining to this Agreement and any other Loan Document and its duties hereunder and thereunder, upon advice of counsel selected by the Administrative
Agent. In determining compliance with any condition hereunder to the making of a Loan, that by its terms must be fulfilled to the satisfaction of a Lender, the Administrative Agent may presume that such condition is satisfactory to such Lender
unless the Administrative Agent shall have received notice to the contrary from such Lender prior to the making of such Loan. The Administrative Agent may consult with legal counsel (who may be counsel for the Borrower), 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. 

Section 9.07 Delegation of Duties. The Administrative Agent may perform any and all of its duties and exercise its rights and
powers hereunder or under any other Loan Documents 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 of its duties and exercise its rights and
powers by or through their respective Agent-Related Persons. The exculpatory provisions of this Article shall apply to any such sub agent and to the Agent-Related Persons 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. 

  
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 Section 9.08 Indemnification. Whether or not the transactions contemplated
hereby are consummated, to the extent the Administrative Agent or any other Agent-Related Person (solely to the extent any such Agent-Related Person was performing services on behalf of the Administrative Agent) is not reimbursed and indemnified by
the Borrower, the Lenders will reimburse and indemnify the Administrative Agent or any other Agent-Related Person (solely to the extent any such Agent-Related Person was performing services on behalf of the Administrative Agent) in proportion to
their respective “percentage” as used in determining the Required Lenders for and against any and all liabilities, obligations, losses, damages, penalties, claims, actions, judgments, costs, expenses or disbursements of whatsoever kind or
nature which may be imposed on, asserted against or incurred by the Administrative Agent or any other Agent-Related Person (solely to the extent any such Agent-Related Person was performing services on behalf of the Administrative Agent) in
performing its duties hereunder or under any other Loan Document or in any way relating to or arising out of this Agreement or any other Loan Document; provided that no Lender shall be liable for any portion of such liabilities, obligations,
losses, damages, penalties, claims, actions, judgments, suits, costs, expenses or disbursements resulting from the Administrative Agent’s or any other Agent-Related Person’s gross negligence or willful misconduct (as determined by a court
of competent jurisdiction in a final and non-appealable decision). In the case of any investigation, litigation or proceeding giving rise to any Indemnified Liabilities, this Section 9.08 applies whether
any such investigation, litigation or proceeding is brought by any Lender or any other Person. Without limitation of the foregoing, each Lender shall reimburse the Administrative Agent upon demand for its ratable share of any costs or out-of-pocket expenses (including Attorney Costs) incurred by the Administrative Agent in connection with the preparation, execution, delivery, administration, modification,
amendment or enforcement (whether through negotiations, legal proceedings or otherwise) of, or legal advice in respect of rights or responsibilities under, this Agreement, any other Loan Document, or any document contemplated by or referred to
herein, to the extent that the Administrative Agent is not reimbursed for such expenses by or on behalf of the Borrower; provided that such reimbursement by the Lenders shall not affect the Borrower’s continuing reimbursement obligations
with respect thereto; provided further that the failure of any Lender to indemnify or reimburse the Administrative Agent shall not relieve any other Lender of its obligation in respect thereof. The undertaking in this Section 9.08 shall
survive termination of the Aggregate Commitments, the payment of all other Obligations and the resignation of the Administrative Agent. 

Section 9.09 The Administrative Agent in Its Individual Capacity. With respect to its obligation to make Loans under this
Agreement, the Administrative Agent shall have the rights and powers specified herein for a “Lender” and may exercise the same rights and powers as though it were not performing the duties specified herein; and the term “Lender,”
“Required Lenders” or any similar terms shall, unless the context clearly indicates otherwise, include the Administrative Agent in its respective individual capacities. The Administrative Agent and its affiliates may accept deposits from,
lend money to, and generally engage in any kind of banking, investment banking, trust or other business with, or provide debt financing, equity capital or other services (including financial advisory services) to any Loan Party or any Affiliate of
any Loan Party (or any Person engaged in a similar business with any Loan Party or any Affiliate thereof) as if they were not performing the duties specified herein, and may accept fees and other consideration from any Loan Party or any Affiliate of
any Loan Party for services in connection with this Agreement and otherwise without having to account for the same to the Lenders. The Lenders acknowledge that, pursuant to such activities, any Agent or its Affiliates may receive information
regarding any Loan Party or any of its Affiliates (including information that may be subject to confidentiality obligations in favor of such Loan Party or such Affiliate) and acknowledge that no Agent shall be under any obligation to provide such
information to them. 

  
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 Section 9.10 Holders. The Administrative Agent may deem and treat the payee of
any Term Note as the owner thereof for all purposes hereof unless and until a written notice of the assignment, transfer or endorsement thereof, as the case may be, shall have been filed with the Administrative Agent. Any request, authority or
consent of any Person who, at the time of making such request or giving such authority or consent, is the holder of any Term Note shall be conclusive and binding on any subsequent holder, transferee, assignee or endorsee, as the case may be, of such
Term Note or of any Term Note or Term Notes issued in exchange therefor. 
 Section 9.11 Resignation by the Administrative
Agent. The Administrative Agent may resign from the performance of all its respective functions and duties hereunder or under the other Loan Documents at any time by giving 30 Business Days prior written notice to the Lenders and the Borrower.
If the Administrative Agent is in material breach of its obligations hereunder as Administrative Agent, then the Administrative Agent may be removed as the Administrative Agent at the reasonable request of the Required Lenders. If the Administrative
Agent is a Defaulting Lender, the Borrower may remove the Defaulting Lender from such role upon 15 days prior written notice to the Lenders. Such resignation or removal shall take effect upon the appointment of a successor Administrative Agent as
provided below. 
 Upon any such notice of resignation by, or notice of removal of, the Administrative Agent, the Required Lenders shall
appoint a successor Administrative Agent hereunder or thereunder who shall be a commercial bank or trust company reasonably acceptable to the Borrower, which acceptance shall not be unreasonably withheld or delayed (provided that the
Borrower’s approval shall not be required if an Event of Default under Section 8.01(1) or Section 8.01(6) (solely with respect to Holdings and the Borrower) has occurred and is continuing). 

If a successor Administrative Agent shall not have been so appointed and shall have accepted such appointment within such 30 Business Day
after the retiring Administrative Agent gives notice of its resignation (the “Resignation Effective Date”), the Administrative Agent, with the consent of the Borrower (which consent shall not be unreasonably withheld or delayed;
provided that the Borrower’s consent shall not be required if an Event of Default under Section 8.01(1) or Section 8.01(6) (solely with respect to Holdings and the Borrower) has occurred and is continuing), may (but shall not
be obligated to) then appoint a successor Administrative Agent who shall serve as Administrative Agent hereunder or thereunder until such time, if any, as the Required Lenders appoint a successor Administrative Agent as provided above. Whether or
not a successor has been appointed, such resignation shall become effective in accordance with such notice on the Resignation Effective Date. 

If no successor Administrative Agent has been appointed pursuant to the foregoing by the 35th Business Day after the date such notice of
resignation was given by the Administrative Agent or such notice of removal was given by the Required Lenders or the Borrower, as applicable, the Administrative Agent’s resignation shall nonetheless become effective and the Required Lenders
shall thereafter perform all the duties of the Administrative Agent hereunder or under any other Loan Document until such time, if any, as the Required Lenders appoint a successor Administrative Agent as provided above. The retiring Administrative
Agent shall be discharged 

  
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from its duties and obligations hereunder and under the other Loan Documents (except that in the case of any collateral security held by the Administrative Agent on behalf of the Lenders under
any of the Loan Documents, the retiring Administrative Agent shall continue to hold such collateral security until such time as a successor Administrative Agent is appointed) and all payments, communications and determinations provided to be made
by, to or through the Administrative Agent shall instead be made by or to each Lender directly, until such time as the Required Lenders appoint a successor Administrative Agent as provided for above in this Section 9.11. 

Upon the acceptance of a successor’s appointment as Administrative Agent hereunder and upon the execution and filing or recording of such
financing statements, or amendments thereto, and such other instruments or notices, as may be necessary or desirable, or as the Required Lenders may request, in order to (i) continue the perfection of the Liens granted or purported to be
granted by the Collateral Documents or (ii) otherwise ensure that the Collateral and Guarantee Requirement is satisfied, such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring (or
retired) Administrative Agent, and the retiring Administrative Agent shall be discharged from all of its duties and obligations hereunder or under the other Loan Documents (if not already discharged therefrom as provided above in this
Section 9.11). 
 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 retiring Administrative Agent’s resignation hereunder and under the other Loan Documents, the provisions of this Article IX and Sections 10.04 and
10.05 shall continue in effect for the benefit of such retiring Administrative Agent, its sub-agents and their respective Agent-Related Persons in respect of any actions taken or omitted to be taken by any of
them while the retiring Administrative Agent was acting as Administrative Agent. 
 Upon a resignation of the Administrative Agent pursuant
to this Section 9.11, the Administrative Agent (i) shall continue to be subject to Section 10.09 and (ii) shall remain indemnified to the extent provided in this Agreement and the other Loan Documents and the provisions of this
Article IX (and the analogous provisions of the other Loan Documents) shall continue in effect for the benefit of the Administrative Agent for all of its actions and inactions while serving as the Administrative Agent. 

Section 9.12 Collateral Matters. Each Lender (including in its capacities as a potential Cash Management Bank and a potential
Hedge Bank) irrevocably authorizes and directs the Collateral Agent to take the actions to be taken by them as set forth in Section 7.04 and 10.24. 

Each Lender hereby agrees, and each holder of any Term Note by the acceptance thereof will be deemed to agree, that, except as otherwise set
forth herein, any action taken by the Required Lenders (or such greater percentage of Lenders required) in accordance with the provisions of this Agreement or the Collateral Documents, and the exercise by the Required Lenders (or such greater
percentage of Lenders required) of the powers set forth herein or therein, together with such other powers as are reasonably incidental thereto, shall be authorized and binding upon all of the Lenders. The Collateral Agent is hereby authorized on
behalf of all of the Lenders, without the necessity of any notice to or further consent from any Lender, to take any action with respect to any Collateral or Collateral Documents which may be necessary to perfect and maintain perfected the security
interest in and liens upon the Collateral granted pursuant to the Collateral Documents. 

  
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 Upon request by the Administrative Agent at any time, the Lenders will confirm in writing
the Collateral Agent’s authority to release particular types or items of Collateral pursuant to this Section 9.12. In each case as specified in this Section 9.12, the applicable Agent will (and each Lender irrevocably authorizes the
applicable Agent to), at the Borrower’s expense, execute and deliver to the applicable Loan Party such documents as such Loan Party may reasonably request to evidence the release or subordination of such item of Collateral from the assignment
and security interest granted under the Collateral Documents, or to evidence the release of such Guarantor from its obligations under the Guaranty, in each case in accordance with the terms of the Loan Documents and this Section 9.12. 

The Collateral Agent shall have no obligation whatsoever to the Lenders or to any other Person to assure that the Collateral exists or is
owned by any Loan Party or is cared for, protected or insured or that the Liens granted to the Collateral Agent herein or pursuant hereto have been properly or sufficiently or lawfully created, perfected, protected or enforced or are entitled to any
particular priority, or to exercise or to continue exercising at all or in any manner or under any duty of care, disclosure or fidelity any of the rights, authorities and powers granted or available to the Collateral Agent in this Section 9.12,
Section 10.24 or in any of the Collateral Documents, it being understood and agreed that in respect of the Collateral, or any act, omission or event related thereto, the Collateral Agent may act in any manner it may deem appropriate, in its
sole discretion, given the Collateral Agent’s own interest in the Collateral as one of the Lenders and that the Collateral Agent shall have no duty or liability whatsoever to the Lenders, except for its gross negligence or willful misconduct
(as determined by a court of competent jurisdiction in a final and non-appealable decision). 

Section 9.13 Certain ERISA Matters. 

(1) Each Lender (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from the
date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of the Administrative Agent and each other Arranger and their respective Affiliates and not, for the avoidance of doubt, to or
for the benefit of the Borrower or any other Loan Party, that at least one of the following is and will be true: 
 (a) such
Lender is not using “plan assets” (within the meaning of Section 3(42) of ERISA or otherwise for purposes of Title I of ERISA or Section 4975 of the Code) of one or more Benefit Plans with respect to such Lender’s entrance
into, participation in, administration of and performance of the Loans, the Commitments or this Agreement, 
 (b) the
prohibited 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 so as to exempt from the prohibitions of Section 406 of ERISA and Section 4975 of the Code, such Lender’s entrance into, participation in, administration of and
performance of the Loans, the Commitments and this Agreement, 

  
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 (c) (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 Commitments and this Agreement, (C) the entrance into, participation in, administration of and performance of the Loans, the Commitments and this Agreement satisfies the requirements of sub-sections (a) 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 Commitments and this Agreement. 

(2) In addition, unless sub-clause (a) in the immediately preceding clause (1) is true with
respect to a Lender, such Lender further (x) represents and warrants, as of the date such Person became a Lender party hereto, and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a
Lender party hereto, for the benefit of, the Administrative Agent and each other Arranger and their respective Affiliates and not, for the avoidance of doubt, to or for the benefit of the Borrower or any other Loan Party, that none of the
Administrative Agent or any other Arranger or any of their respective Affiliates is a fiduciary with respect to the assets of such Lender involved in such Lender’s entrance into, participation in, administration of and performance of the Loans,
the Commitments and this Agreement (including in connection with the reservation or exercise of any rights by the Administrative Agent under this Agreement, any Loan Document or any documents related hereto or thereto). 

Section 9.14 Administrative Agent May File Proofs of Claim. In case of the pendency of any proceeding under any Debtor Relief Law
or any other judicial proceeding relative to any Loan Party, the Administrative Agent (irrespective of whether the principal of any Loan shall then be due and payable as herein expressed or by declaration or otherwise and irrespective of whether the
Administrative Agent shall have made any demand on the Borrower) shall be entitled and empowered, by intervention in such proceeding or otherwise: 

(a) to file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans and
all other Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of the Lenders and the Administrative Agent (including any claim for the reasonable compensation, expenses,
disbursements and advances of the Lenders and the Administrative Agent and their respective agents and counsel and all other amounts due the Lenders and the Administrative Agent under Sections 2.09 and 10.04) allowed in such judicial
proceeding; and 

  
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 (b) to collect and receive any monies or other property payable or
deliverable on any such claims and to distribute the same; 
 and any custodian, receiver, assignee, trustee, provisional liquidator, liquidator,
sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Lender to make such payments to the Administrative Agent and, in the event that the Administrative Agent shall consent to the making of such payments
directly to the Lenders, to pay to the Administrative Agent any amount due for the reasonable compensation, expenses, disbursements and advances of the Agents and their respective agents and counsel, and any other amounts due the Administrative
Agent under Sections 2.09 and 10.04. 
 Nothing contained herein shall be deemed to authorize the Administrative Agent to authorize or
consent to or accept or adopt on behalf of any Lender any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any Lender or to authorize the Administrative Agent to vote in respect of the claim
of any Lender in any such proceeding. 
 Section 9.15 Appointment of Supplemental Administrative Agents. 

(1) It is the purpose of this Agreement and the other Loan Documents that there shall be no violation of any Law of any jurisdiction denying or
restricting the right of banking corporations or associations to transact business as agent or trustee in such jurisdiction. It is recognized that in case of litigation under this Agreement or any of the other Loan Documents, and in particular in
case of the enforcement of any of the Loan Documents, or in case the Administrative Agent deems that by reason of any present or future Law of any jurisdiction it may not exercise any of the rights, powers or remedies granted herein or in any of the
other Loan Documents or take any other action which may be desirable or necessary in connection therewith, the Administrative Agent is hereby authorized to appoint an additional individual or institution selected by the Administrative Agent in its
sole discretion as a separate trustee, co-trustee, administrative agent, collateral agent, administrative sub-agent or administrative
co-agent (any such additional individual or institution being referred to herein individually as a “Supplemental Administrative Agent” and collectively as “Supplemental Administrative
Agents”). 
 (2) In the event that the Administrative Agent appoints a Supplemental Administrative Agent with respect to any
Collateral, (i) each and every right, power, privilege or duty expressed or intended by this Agreement or any of the other Loan Documents to be exercised by or vested in or conveyed to the Administrative Agent with respect to such Collateral
shall be exercisable by and vest in such Supplemental Administrative Agent to the extent, and only to the extent, necessary to enable such Supplemental Administrative Agent to exercise such rights, powers and privileges with respect to such
Collateral and to perform such duties with respect to such Collateral, and every covenant and obligation contained in the Loan Documents and necessary to the exercise or performance thereof by such Supplemental Administrative Agent shall run to and
be enforceable by either the Administrative Agent or such Supplemental Administrative Agent, and (ii) the provisions of this Article IX and of Sections 10.04 and 10.05 that refer to the Administrative Agent shall inure to the benefit
of such Supplemental Administrative Agent and all references therein to the Administrative Agent shall be deemed to be references to the Administrative Agent or such Supplemental Administrative Agent, as the context may require. 

  
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 (3) Should any instrument in writing from any Loan Party be reasonably required by any
Supplemental Administrative Agent so appointed by the Administrative Agent for more fully and certainly vesting in and confirming to him or it such rights, powers, privileges and duties, the Borrower shall, or shall cause such Loan Party to,
execute, acknowledge and deliver any and all such instruments reasonably acceptable to it promptly upon request by the Administrative Agent. In case any Supplemental Administrative Agent, or a successor thereto, shall die, become incapable of
acting, resign or be removed, all the rights, powers, privileges and duties of such Supplemental Administrative Agent, to the extent permitted by Law, shall vest in and be exercised by the Administrative Agent until the appointment of a new
Supplemental Administrative Agent. 
 Section 9.16 Intercreditor Agreements. (a) Notwithstanding anything to the contrary
in this Agreement or in any other Loan Document: (a) the Liens granted to the Collateral Agent in favor of the Secured Parties pursuant to the Loan Documents and the exercise of any right related to any Collateral shall be subject, in each
case, to the terms of the ABL Intercreditor Agreement or any other Applicable Intercreditor Agreement, (b) in the event of any conflict between the express terms and provisions of this Agreement or any other Loan Document, on the one hand, and
of the ABL Intercreditor Agreement or any other Applicable Intercreditor Agreement, on the other hand, the terms and provisions of the ABL Intercreditor Agreement or such other Applicable Intercreditor Agreement, as the case may be, shall control,
and (c) each Lender (and, by its acceptance of the benefits of any Collateral Document, each other Secured Party) hereunder authorizes and instructs the Administrative Agent and Collateral Agent to execute the ABL Intercreditor Agreement or any
other Applicable Intercreditor Agreement on behalf of such Lender, and such Lender agrees to be bound by the terms thereof. 

Section 9.17 Secured Cash Management Agreements and Secured Hedge Agreements. Except as otherwise expressly set forth herein or in
any Guaranty or any Collateral Document, no Cash Management Bank or Hedge Bank that obtains the benefits of Section 8.03, any Guaranty or any Collateral by virtue of the provisions hereof or of any Guaranty or any Collateral Document shall have
any right to notice of any action or to consent to, direct or object to any action hereunder or under any other Loan Document or otherwise in respect of the Collateral (including the release or impairment of any Collateral) other than in its
capacity as a Lender and, in such case, only to the extent expressly provided in the Loan Documents. Notwithstanding any other provision of this Article IX to the contrary, the Administrative Agent shall not be required to verify the payment
of, or that other satisfactory arrangements have been made with respect to, Obligations arising under Secured Cash Management Agreements and Secured Hedge Agreements unless the Administrative Agent has received written notice of such Obligations,
together with such supporting documentation as the Administrative Agent may request, from the applicable Cash Management Bank or Hedge Bank, as the case may be. 

Section 9.18 Withholding Tax. To the extent required by any applicable Laws, the Administrative Agent may withhold from any
payment to any Lender an amount equivalent to any applicable withholding Tax. Without limiting or expanding the provisions of Section 3.01, each Lender shall indemnify and hold harmless the Administrative Agent against, and shall make payable
in respect thereof within 10 days after demand therefor, any and all Taxes and any and all related losses, claims, liabilities and expenses (including fees, charges and disbursements of any counsel for the Administrative Agent) incurred by or
asserted against the Administrative Agent by the IRS or any other Governmental Authority as a result of the failure of the Administrative Agent to properly withhold Tax from amounts paid to or for the account of such Lender for any reason (including
because the appropriate form was not delivered or not properly executed, or because 

  
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such Lender failed to notify the Administrative Agent of a change in circumstance that rendered the exemption from, or reduction of withholding tax ineffective). A certificate as to the amount of
such payment or liability delivered to any Lender by the Administrative Agent shall be conclusive absent manifest error. Each Lender hereby authorizes the Administrative Agent to set off and apply any and all amounts at any time owing to such Lender
under this Agreement or any other Loan Document against any amount due the Administrative Agent under this Section 9.18. The agreements in this Section 9.18 shall survive the resignation or replacement of the Administrative Agent, any
assignment of rights by, or the replacement of, a Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all other Obligations. 

Section 9.19 Recovery of Erroneous Payments. Without limitation of any other provision in this Agreement, if at any time the
Administrative Agent makes a payment hereunder in error to any Lender (the “Credit Party”), whether or not in respect of an Obligation due and owing by the Borrower at such time, where such payment is a Rescindable Amount, then in
any such event, each Credit Party receiving a Rescindable Amount severally agrees to repay to the Administrative Agent forthwith on demand the Rescindable Amount received by such Credit Party in immediately available funds in the currency so
received, with interest thereon, for each day from and including the date such Rescindable Amount is received by it to but excluding the date of payment to the Administrative Agent, at the greater of the Federal Funds Rate and a rate determined by
the Administrative Agent in accordance with banking industry rules on interbank compensation. Each Credit Party irrevocably waives any and all defenses, including any “discharge for value” (under which a creditor might otherwise claim a
right to retain funds mistakenly paid by a third party in respect of a debt owed by another) or similar defense to its obligation to return any Rescindable Amount. The Administrative Agent shall inform each Credit Party promptly upon determining
that any payment made to such Credit Party comprised, in whole or in part, a Rescindable Amount. Notwithstanding anything to the contrary herein or in any other Loan Document, the provisions of this paragraph are solely agreements among the Credit
Parties and the Administrative Agent and shall not impose any obligations on the Borrower or the other Loan Parties. 
 ARTICLE X 

MISCELLANEOUS 

Section 10.01 Amendments, etc. 

(1) Except as otherwise set forth in this Agreement, no amendment or waiver of any provision of this Agreement or any other Loan Document, and
no consent to any departure by the Borrower or any other Loan Party therefrom, shall be effective unless in writing signed by the Required Lenders (other than with respect to any amendment or waiver contemplated in clause (i) below), which
shall only require the consent of the Required Facility Lenders under the applicable Facility or Facilities) and the Borrower or the applicable Loan Party, as the case may be, and acknowledged by the Administrative Agent, and the Administrative
Agent hereby agrees to acknowledge any such waiver, consent or amendment that otherwise satisfies the requirements of this Section 10.01 as promptly as possible, however, to the extent the final form of such waiver, consent or amendment has
been delivered to the Administrative Agent at least 1 Business Day prior to the proposed effectiveness of the consents by the Lenders party thereto, the Administrative Agent shall acknowledge such waiver, consent or amendment (i) immediately,
in the case of any 

  
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amendment which does not require the consent of any existing Lender under this Agreement (provided that the failure to acknowledge such amendment within such 1 Business Day period shall be
deemed to be an acknowledgment) or (ii) otherwise, within 2 hours of the time copies of the Required Lender consents or other applicable Lender consents required by this Section 10.01 have been provided to the Administrative Agent and each
such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given; provided that no such amendment, waiver or consent shall: 

(a) extend or increase the Commitment of any Lender without the written consent of such Lender (it being understood that a
waiver of any condition precedent set forth in Section 4.01 or the waiver of any Default, mandatory prepayment or mandatory reduction of the Commitments shall not constitute an extension or increase of any Commitment of any Lender); 

(b) postpone any date scheduled for, or reduce the amount of, any payment of principal or interest under Section 2.07 or
2.08 (other than pursuant to Section 2.08(2)) or any payment of fees or premiums hereunder or under any Loan Document with respect to payments to any Lender without the written consent of such Lender, it being understood that none of the
following will constitute a postponement of any date scheduled for, or a reduction in the amount of, any payment of principal, interest, fees or premiums: the waiver of (or amendment to the terms of) any mandatory prepayment of the Loans; 

(c) reduce the principal of, or the rate of interest specified herein on, any Loan, or (subject to clause (I) of the
proviso immediately succeeding clause (i) of this Section 10.01(1)) any fees or other amounts payable hereunder or under any other Loan Document to any Lender without the written consent of such Lender; provided that only the
consent of (A) the Required Lenders shall be necessary to amend (1) the definition of “Default Rate” and (2) the MFN Protection Provision and (B) the Required Lenders will be necessary to waive any obligation of the
Borrower to pay interest at the Default Rate; 
 (d) except as contemplated by clause (C) in the second proviso
immediately succeeding clause (i) of this Section 10.01(1), change any provision of this Section 10.01 or the definition of “Required Lenders” or “Required Facility Lenders,” or any other provision specifying the
number of Lenders or portion of the Loans or Commitments required to take any action under the Loan Documents, without the written consent of each Lender; 

(e) other than in a transaction permitted under Section 7.03 or Section 7.04, release all or substantially all of the
Collateral in any transaction or series of related transactions, without the written consent of each Lender; or 
 (f) other
than in a transaction permitted under Section 7.03 or Section 7.04, release all or substantially all of the aggregate value of the Guaranty, without the written consent of each Lender; 

  
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 (g) without the prior written consent of each Lender directly and adversely
affected thereby, (x) subordinate any of the Obligations, including the payment priority thereof, to any other Indebtedness or (y) subordinate the Lien securing any of the Obligations on all or substantially all of the Collateral to any
other Lien securing any other Indebtedness, except in the case of each of the foregoing clauses (x) and (y) (A) any Indebtedness that is expressly permitted under the Loan Documents as in effect on the Closing Date to be senior to the
Obligations and/or be secured by a Lien that is senior to the Lien securing the Obligations, (B) any Indebtedness incurred pursuant to a bona fide revolving credit facility (including the ABL Facility) or any customary asset-based, factoring,
securitization or other similar facility the incurrence of which is otherwise approved by the Required Lenders, (C) any “debtor-in-possession” facility or
(D) any other Indebtedness so long as such Indebtedness is offered ratably to all Lenders holding such Obligations; 

(h) without the prior written consent of each Lender directly and adversely affected thereby, amend, modify or waive the
definition of “Pro Rata Share”, the pro rata sharing provisions of Section 8.03 or Section 2.12 or the waterfall provisions of Section 8.03, in each case other than to the extent in connection with a transaction described in
clause (g) of this Section 10.01 for which Required Lender consent is sufficient and has been achieved; 
 (i)
amend, waive or otherwise modify any term or provision (including the availability and conditions to funding and the rate of interest applicable thereto) which directly affects Lenders of one Facility and does not directly affect Lenders under any
other Facility, in each case, without the written consent of the Required Facility Lenders under such applicable Facility; 
 provided that: 

(I) no amendment, waiver or consent shall, unless in writing and signed by the Administrative Agent in addition to the Lenders
required above, affect the rights or duties of, or any fees or other amounts payable to, the Administrative Agent under this Agreement or any other Loan Document; and 

(II) Section 10.07(g) may not be amended, waived or otherwise modified without the consent of each Granting Lender all or
any part of whose Loans are being funded by an SPC at the time of such amendment, waiver or other modification; 
 provided further that
notwithstanding the foregoing: 
 (A) no Defaulting Lender shall have any right to approve or disapprove of any amendment,
waiver or consent hereunder (and any amendment, waiver or consent which by its terms requires the consent of all Lenders, the Required Lenders, the Required Facility Lenders or each affected Lender may be effected with the consent of the applicable
Lenders other than Defaulting Lenders) (it being understood that any Commitments or Loans held or deemed held by any Defaulting Lender shall be excluded for a vote of the Lenders hereunder requiring any consent of the Lenders); 

  
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 (B) no Lender consent is required to effect any amendment or supplement to
any Applicable Intercreditor Agreement (i) that is for the purpose of adding the holders of Permitted Incremental Equivalent Debt, Credit Agreement Refinancing Indebtedness or any other Permitted Indebtedness that is secured Indebtedness (or a
Debt Representative with respect thereto) as parties thereto, as expressly contemplated by the terms of such Applicable Intercreditor Agreement, as applicable (it being understood that any such amendment, modification or supplement may make such
other changes to the Applicable Intercreditor Agreement as, in the good faith determination of the Administrative Agent, are required to effectuate the foregoing and provided that such other changes are not adverse, in any material respect,
to the interests of the Lenders) or (ii) that is expressly contemplated by any Applicable Intercreditor Agreement; provided further that no such agreement shall amend, modify or otherwise affect the rights or duties of the Administrative
Agent or the Collateral Agent hereunder or under any other Loan Document without the prior written consent of the Administrative Agent or the Collateral Agent, as applicable; 

(C) this Agreement may be amended (or amended and restated) with the written consent of the Required Lenders, the
Administrative Agent and the Borrower (i) to add one or more additional credit facilities to this Agreement and to permit the extensions of credit from time to time outstanding thereunder and the accrued interest and fees in respect thereof to
share ratably in the benefits of this Agreement and the other Loan Documents with the Term Loans and the accrued interest and fees in respect thereof and (ii) to include appropriately the Lenders holding such credit facilities in any
determination of the Required Lenders; 
 (D) any waiver, amendment or modification of this Agreement that by its terms
affects the rights or duties under this Agreement of Lenders holding Loans or Commitments of a particular Class (but not the Lenders holding Loans or Commitments of any other Class) may be effected by an agreement or agreements in writing entered
into by the Borrower and the requisite percentage in interest of the affected Class of Lenders that would be required to consent thereto under this Section 10.01 if such Class of Lenders were the only Class of Lenders hereunder
at the time; 
 (E) Without limiting the scope of Section 10.01(3) below, any provision of this Agreement or any other
Loan Document may be amended by an agreement in writing entered into by the Borrower and the Administrative Agent to cure any ambiguity, omission, defect or inconsistency (including amendments, supplements or waivers to any of the Collateral
Documents, guarantees, intercreditor agreements or related 

  
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documents executed by any Loan Party or any other Subsidiary in connection with this Agreement if such amendment, supplement or waiver is delivered in order to cause such Collateral Documents,
guarantees, intercreditor agreements or related documents to be consistent with this Agreement and the other Loan Documents) so long as, in each case, the Lenders shall have received at least 5 Business Days’ prior written notice thereof and
the Administrative Agent shall not have received, within 5 Business Days of the date of such notice to the Lenders, a written notice from the Required Lenders stating that the Required Lenders object to such amendment; provided that the
consent of the Lenders or the Required Lenders, as the case may be, shall not be required to make any such changes necessary to be made in connection with any borrowing of Incremental Term Loans, any borrowing of Refinancing Loans, any Extension or
any borrowing of Replacement Loans and otherwise to effect the provisions of Section 2.14, 2.15, 2.16 or 2.20, respectively; 

(F) the Borrower and the Administrative Agent may, without the input or consent of the other Lenders, (i) effect changes
to any other Security Document as may be necessary or appropriate in the opinion of the Collateral Agent and (ii) effect changes to this Agreement that are necessary and appropriate to effect the offering process set forth in
Section 2.05(1)(e); and 
 (G) no consent of the Required Lenders or Required Facility Lenders of any Class shall
be required for any amendment, waiver or consent that requires the consent of the Lenders directly affected thereby. 
 (2) [Reserved]. 

(3) In addition, notwithstanding anything to the contrary in this Section 10.01, 

(a) the Guaranty, the Collateral Documents and related documents executed by any Loan Party or any Restricted Subsidiary in
connection with this Agreement and the other Loan Documents may be in a form reasonably determined by the Administrative Agent and may be, together with this Agreement, amended and waived with the consent of the Administrative Agent at the request
of the Borrower without the need to obtain the consent of any other Lender if such amendment or waiver is delivered in order (i) to comply with local Law or advice of local counsel, (ii) to cure ambiguities or defects or (iii) to
cause the Guaranty, Collateral Documents or other document to be consistent with this Agreement and the other Loan Documents (including by adding additional parties as contemplated herein or therein); 

(b) if the Administrative Agent and the Borrower shall have jointly identified an obvious error (including, but not limited to,
an incorrect cross-reference) or any error or omission of a technical or immaterial nature, in each case, in any provision of this Agreement or any other Loan Document (including, for the avoidance of doubt, any exhibit, schedule or other attachment
to any Loan Document), then the Administrative 

  
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Agent (acting in its sole discretion) and the Borrower or any other relevant Loan Party shall be permitted to amend such provision and such amendment shall become effective without any further
action or consent of any other party to any Loan Document. Notification of such amendment shall be made by the Administrative Agent to the Lenders promptly upon such amendment becoming effective; and 

(c) technical and conforming modifications to the Loan Documents may be made with the consent of the Borrower and the
Administrative Agent (and no other Person) to the extent necessary to (i) to integrate any Incremental Term Facility, Refinancing Loans, Extended Loans or Replacement Loans, (ii) to integrate the terms or conditions from any Incremental
Amendment that are more restrictive than this Agreement in accordance with Section 2.14(7)(d), (iii) to increase the interest rates (including any interest rate margins or interest rate floors), fees and other amounts payable to any
Class or Classes of Lenders hereunder, (iv) increase, expand and/or extend the call protection provisions and any “most favored nation” provisions benefiting any Class or Classes of Lenders hereunder (including, for the
avoidance of doubt, the provisions of Sections 2.18 and 2.14(8) hereof) and/or (v) modify any other provision hereunder or under any other Loan Document in a manner more favorable to the then-existing Lenders or Class or Classes of
Lenders, in each case in connection with the issuance or incurrence of any Incremental Term Facility or other Indebtedness permitted hereunder, where the terms of any such Incremental Term Facility or other Indebtedness are more favorable to the
lenders thereof than the corresponding terms applicable to other Loans or Commitments then existing hereunder, and it is intended that one or more then-existing Classes of Loans or Commitments under this Agreement share in the benefit of such more
favorable terms in order to comply with the provisions hereof relating to the incurrence of such Incremental Term Facility or other Indebtedness; provided that the consent of the Lenders or the Required Lenders, as the case may be, shall not
be required to make any such changes necessary to be made in connection with any borrowing of Incremental Term Loans, any borrowing of Refinancing Loans, any Extension or any borrowing of Replacement Loans and otherwise to effect the provisions of
Section 2.14, 2.15 or 2.16 or the immediately succeeding paragraph of this Section 10.01, respectively; 
 (d) this
Agreement and any other Loan Document may be amended (or amended and restated) solely with the consent of the Administrative Agent and the Borrower without the need to obtain the consent of any other Lender if such amendment is delivered in a manner
not materially adverse to the Lenders taken as a whole (in their capacities as such) (as determined by the Administrative Agent in good faith) in connection with incurring a fungible debt facility; and 

(e) each amendment to this Agreement providing for Replacement Loans may, without the consent of any other Lenders, effect such
amendments to this Agreement and the other Loan Documents as may be necessary or appropriate, in the reasonable opinion of the Administrative Agent and the Borrower to effect the provisions of this paragraph, and for the avoidance of doubt, this
paragraph shall supersede any other provisions in this Section 10.01 to the contrary. 

  
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 Section 10.02 Notices and Other Communications; Facsimile Copies. 

(1) General. Except in the case of notices and other communications expressly permitted to be given by telephone (and except as provided
in subsection (b) below), 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 facsimile as follows, and all
notices and other communications expressly permitted hereunder to be given by telephone shall be made to the applicable telephone number, as follows: 

(a) if to Holdings, the Borrower or the Administrative Agent, to the address, facsimile number, electronic mail address or
telephone number specified for such Person on Schedule 10.02; and 
 (b) if to any other Lender, to
the address, facsimile number, electronic mail address or telephone number specified in its Administrative Questionnaire. 
 Notices and
other communications sent by hand or overnight courier service, or mailed by certified or registered mail, shall be deemed to have been given when received; notices and other communications sent by facsimile shall be deemed to have been given when
sent (except that, if not given during normal business hours for the recipient, shall be deemed to have been given at the opening of business on the next succeeding Business Day for the recipient). Notices and other communications delivered through
electronic communications to the extent provided in subsection (2) below shall be effective as provided in such subsection (2). 

(2) Electronic Communication. Notices and other communications to the Lenders hereunder may be delivered or furnished by electronic
communication (including e-mail and Internet or intranet websites) pursuant to procedures approved by the Administrative Agent; provided that the foregoing shall not apply to notices to any Lender
pursuant to Article II if such Lender, as applicable, has notified the Administrative Agent that it is incapable of receiving notices under such Article by electronic communication. The Administrative Agent or the Borrower may, in its
discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it; provided that approval of such procedures may be limited to particular notices or communications.

 (3) Unless the Administrative Agent otherwise prescribes, (i) notices and other communications sent to an e-mail address shall be deemed received upon the sender’s receipt of an acknowledgement from the intended recipient (such as by the “return receipt requested” function, as available, return e-mail or other written acknowledgement); provided that if such notice or other communication is not sent during the normal business hours of the recipient, such notice or communication shall be deemed to
have been sent at the opening of business on the next succeeding Business Day for the recipient, and (ii) notices or communications posted to an Internet or intranet website shall be deemed received upon the deemed receipt by the intended
recipient at its e-mail address as described in the foregoing clause (i) of notification that such notice or communication is available and identifying the website address therefor. 

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

(5) Change of Address. Each Loan Party and the Administrative Agent may change its address, facsimile or telephone number for notices
and other communications hereunder by written notice to the other parties hereto. Each other Lender may change its address, facsimile or telephone number for notices and other communications hereunder by written notice to the Borrower and the
Administrative Agent. In addition, each Lender agrees to notify the Administrative Agent from time to time to ensure that the Administrative Agent has on record (i) an effective address, contact name, telephone number, facsimile number and
electronic mail address to which notices and other communications may be sent and (ii) accurate wire instructions for such Lender. Furthermore, each Public Lender agrees to cause at least one individual at or on behalf of such Public Lender to
at all times have selected the “Private Side Information” or similar designation on the content declaration screen of the Platform in order to enable such Public Lender or its delegate, in accordance with such Public Lender’s
compliance procedures and applicable Law, including United States Federal and state securities Laws, to make reference to Borrower Materials that are not made available through the “Public Side Information” portion of the Platform and that
may contain material non-public information with respect to the Borrower or its securities for purposes of United States Federal or state securities laws. 

(6) Reliance by the Administrative Agent. The Administrative Agent and the Lenders shall be entitled to rely and act upon any notices
purportedly given by or on behalf of the Borrower even if (i) such notices were not made in a manner specified herein, were incomplete or were not preceded or followed by any other form of notice specified herein, or (ii) the terms
thereof, as understood by the recipient, varied from any confirmation thereof. The Borrower shall indemnify the Administrative Agent, each Lender and the Agent-Related Persons of each of them from all losses, costs, expenses and liabilities
resulting from the reliance by such Person on each notice purportedly given by or on behalf of the Borrower. All telephonic notices to and other telephonic communications with the Administrative Agent may be recorded by the Administrative Agent, and
each of the parties hereto hereby consents to such recording. 

  
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 Section 10.03 No Waiver; Cumulative Remedies. No failure by any Lender or the
Administrative Agent to exercise, and no delay by any such Person in exercising, any right, remedy, power or privilege hereunder or under any other Loan Document shall operate as a waiver thereof; nor shall any single or partial exercise of any
right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided, and provided under each other
Loan Document, are cumulative and not exclusive of any rights, remedies, powers and privileges provided by Law. 
 Notwithstanding anything
to the contrary contained herein or in any other Loan Document, the authority to enforce rights and remedies hereunder and under the other Loan Documents against the Loan Parties or any of them shall be vested exclusively in, and all actions and
proceedings at law in connection with such enforcement shall be instituted and maintained exclusively by, the Administrative Agent in accordance with Section 8.02 for the benefit of all the Lenders; provided, however, that the
foregoing shall not prohibit (a) the Administrative Agent from exercising on its own behalf the rights and remedies that inure to its benefit (solely in its capacity as Administrative Agent) hereunder and under the other Loan Documents,
(b) any Lender from exercising setoff rights in accordance with Section 10.10 (subject to the terms of Section 2.13), or (c) any Lender from filing proofs of claim or appearing and filing pleadings on its own behalf during the
pendency of a proceeding relative to any Loan Party under any Debtor Relief Law; and provided further that if at any time there is no Person acting as Administrative Agent hereunder and under the other Loan Documents, then (i) the
Required Lenders shall have the rights otherwise ascribed to the Administrative Agent pursuant to Section 8.02 and (ii) in addition to the matters set forth in clauses (b) and (c) of the preceding proviso and subject to
Section 2.13, any Lender may, with the consent of the Required Lenders, enforce any rights and remedies available to it and as authorized by the Required Lenders. 

Section 10.04 Costs and Expenses. The Borrower agrees (a) if the Closing Date occurs, to pay or reimburse the Administrative
Agent and the Arrangers for all reasonable and documented out-of-pocket costs and expenses of the Administrative Agent and the Arrangers (promptly following a written
demand therefor, together with backup documentation supporting such reimbursement request) incurred in connection with the preparation, negotiation, syndication, execution, delivery and administration of this Agreement and the other Loan Documents
and any amendment, waiver, consent or other modification of the provisions hereof and thereof (whether or not the transactions contemplated thereby are consummated), and the consummation and administration of the transactions contemplated hereby and
thereby, including all Attorney Costs of Latham & Watkins LLP and, if necessary, a single local counsel in each relevant material jurisdiction, and (b) upon presentation of a summary statement, together with any supporting
documentation reasonably requested by the Borrower, to pay or reimburse the Administrative Agent and the other Lenders, taken as a whole, promptly following a written demand therefor for all reasonable and documented
out-of-pocket costs and expenses incurred in connection with the enforcement of any rights or remedies under this Agreement or the other Loan Documents (including all
such costs and expenses incurred during any legal proceeding, including any proceeding under any Debtor Relief Law, and including all Attorney Costs of one counsel to the Administrative Agent and the Lenders taken as a whole (and, if necessary, one
local counsel in any relevant material jurisdiction and solely in the case of a conflict of interest, one additional counsel in each relevant jurisdiction to each group of affected Lenders similarly situated taken as a whole)). The agreements in
this Section 10.04 shall survive the termination of the Aggregate Commitments and repayment of all other Obligations. All amounts due under this Section 10.04 shall be paid promptly following receipt by the Borrower of an invoice relating
thereto setting forth such expenses in reasonable detail. 

  
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 Section 10.05 Indemnification by the Borrower. The Borrower shall indemnify and
hold harmless the Agents, each other Lender, the Arrangers and their respective Related Persons (collectively, the “Indemnitees”) from and against any and all losses, claims, damages, liabilities or expenses (including Attorney
Costs and Environmental Liabilities to the extent related to the Loan Parties) to which any such Indemnitee may become subject arising out of, resulting from or in connection with (but limited, in the case of legal fees and expenses, to the
reasonable and documented out-of-pocket fees, disbursements and other charges of one counsel to all Indemnitees taken as a whole and, if reasonably necessary, a single
local counsel for all Indemnitees taken as a whole in each relevant jurisdiction, and solely in the case of a conflict of interest, one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken
as a whole) any (i) actual or threatened claim, litigation, investigation, proceeding or Environmental Liabilities relating to the Transactions or to each Loan Party and each of its Restricted Subsidiaries and their respective operations and
any of the respective currently or formerly owned, leased or operated real estate, facilities or properties, or (ii) to the execution, delivery, enforcement, performance and administration of this Agreement, the other Loan Documents, the Loans
or the use, or proposed use of the proceeds therefrom, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened claim, litigation, investigation or proceeding), and
regardless of whether any Indemnitee is a party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such
losses, claims, damages, liabilities or expenses resulted from (w) the gross negligence, bad faith or willful misconduct of such Indemnitee or any of its Related Indemnified Persons as determined by a final,
non-appealable judgment of a court of competent jurisdiction, (x) a material breach of any obligations under any Loan Document by such Indemnitee or any of its Related Indemnified Persons as determined by
a final, non-appealable judgment of a court of competent jurisdiction, (y) in the case of any loss, claim damage or liability brought by any Loan Party or any of its Restricted Subsidiaries, a material
breach of the obligations under the Engagement Letter, the Agency Fee Letter or the other Loan Documents of such Indemnitee or any of its Related Indemnified Persons as determined by a final, non-appealable
judgment of a court of competent jurisdiction or (z) any dispute solely among Indemnitees other than any claims against an Indemnitee in its capacity or in fulfilling its role as an administrative agent or arranger or any similar role under any
Loan Document and other than any claims arising out of any act or omission of the Borrower or any of their Affiliates (as determined by a final, non-appealable judgment of a court of competent jurisdiction).
To the extent that the undertakings to indemnify and hold harmless set forth in this Section 10.05 may be unenforceable in whole or in part because they are violative of any applicable law or public policy, the Borrower shall contribute the
maximum portion that they are permitted to pay and satisfy under applicable law to the payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. No Indemnitee shall be liable for any damages arising from the
use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems in connection with this Agreement (except to the extent such damages are found in a final non-appealable judgment of a court of competent jurisdiction to have resulted from the willful misconduct, bad faith or gross negligence of such Indemnitee), nor shall any Indemnitee or any Loan Party have any
liability for any special, punitive, indirect or consequential damages relating 

  
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to this Agreement or any other Loan Document or arising out of its activities in connection herewith or therewith (whether before or after the Closing Date) (other than, in the case of any Loan
Party, in respect of any such damages incurred or paid by an Indemnitee to a third party for which such Indemnitee is otherwise entitled to indemnification pursuant to this Section 10.05). In the case of an investigation, litigation or other
proceeding to which the indemnity in this Section 10.05 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders or creditors or an
Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this
Section 10.05 shall be paid within 20 Business Days after written demand therefor. The agreements in this Section 10.05 shall survive the resignation of the Administrative Agent, the replacement of any Lender, the termination of the
Aggregate Commitments and the repayment, satisfaction or discharge of all the other Obligations. This Section 10.05 shall not apply to Taxes, except any Taxes that represent losses or damages arising from any
non-Tax claim. Notwithstanding the foregoing, each Indemnitee shall be obligated to refund and return promptly any and all amounts paid by the Borrower under this Section 10.05 to such Indemnitee for any
such fees, expenses or damages to the extent such Indemnitee is not entitled to payment of such amounts in accordance with the terms hereof. 

Section 10.06 Marshaling; Payments Set Aside. None of the Administrative Agent or any Lender shall be under any obligation to
marshal any assets in favor of the Loan Parties or any other party or against or in payment of any or all of the Obligations. To the extent that any payment by or on behalf of the Borrower is made to any Agent or any Lender, or any Agent or any
Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered
into by such Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or
part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender severally agrees to pay to the Administrative
Agent upon demand its applicable share of any amount so recovered from or repaid by any Agent, plus interest thereon from the date of such demand to the date such payment is made at a rate per annum equal to the applicable Overnight Rate from time
to time in effect. 
 Section 10.07 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 no Loan Party may, except as permitted by Section 7.03, assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of the Administrative Agent
and each Lender and no Lender may assign or otherwise transfer any of its rights or obligations hereunder (including to existing Lenders and their Affiliates) except (i) to an Eligible Assignee and (A) in the case of any Eligible Assignee
that, immediately prior to or upon giving effect to such assignment, is an Affiliated Lender, in accordance with the provisions of Section 10.07(h) and (B) in the case of any Eligible Assignee that is a Loan Party or any Subsidiary
thereof, in accordance with the provisions of Section 10.07(l), (ii) by way of participation in accordance with the provisions of 

  
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Section 10.07(d), or (iii) by way of pledge or assignment of a security interest subject to the restrictions of Section 10.07(f), or (iv) to an SPC in accordance with the
provisions of Section 10.07(g) (and any other attempted assignment or transfer by any party hereto (other than the replacement of the Administrative Agent pursuant to Article IX above) shall be null and void). Nothing in this Agreement,
expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby, Participants to the extent provided in Section 10.07(d) and, to the extent expressly
contemplated hereby, Related Persons 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) Assignments by Lenders. Any Lender may at any time assign to one or more assignees all or a portion of its rights
and obligations under this Agreement (including all or a portion of its Commitment and the Loans at the time owing to it); provided that any such assignment shall be subject to the following conditions: 

(i) Minimum Amounts. 

(A) in the case of an assignment of the entire remaining amount of the assigning Lender’s Commitment and the Loans at the
time owing to it or in the case of an assignment to a Lender, an Affiliate of a Lender or an Approved Fund, no minimum amount need be assigned; and 

(B) in any case not described in subsection (b)(i)(A) of this Section 10.07, the aggregate amount of the Commitment
or, the principal outstanding balance of the Loans of the assigning Lender subject to each such assignment, determined as of the date the Assignment and Assumption with respect to such assignment is delivered to the Administrative Agent or, if
“Trade Date” is specified in the Assignment and Assumption, as of the Trade Date, shall not be less than $1.0 million, unless either (x) such assignment is to a Lender, an Affiliate of a Lender or an Approved Fund or
(y) each of the Administrative Agent and the Borrower otherwise consents; provided, however, that concurrent assignments to members of an Assignee Group and concurrent assignments from members of an Assignee Group to a single
Eligible Assignee (or to an Eligible Assignee and members of its Assignee Group) will be treated as a single assignment for purposes of determining whether such minimum amount has been met. 

(ii) Proportionate Amounts. Each partial assignment shall be made as an assignment of a proportionate part of all the
assigning Lender’s rights and obligations under this Agreement with respect to the Loans or the Commitment assigned. 

(iii) Required Consents. No consent shall be required for any assignment except to the extent required by
Section 10.07(b)(i)(B) and, in addition: 

  
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 (A) the consent of the Borrower (such consent not to be unreasonably
withheld or delayed) shall be required unless (1) an Event of Default under Section 8.01(1) or Section 8.01(6) (solely with respect to Holdings and the Borrower) has occurred and is continuing at the time of such assignment determined
as of the date the Assignment and Assumption with respect to such assignment is delivered to the Administrative Agent or, if a “Trade Date” is specified in the Assignment and Assumption, as of the Trade Date or (2) in respect of an
assignment of all or a portion of the Loans, such assignment is to a Lender, an Affiliate of a Lender or an Approved Fund; provided that the Borrower shall be deemed to have consented to any assignment of all or a portion of the Term Loans
unless it shall have objected thereto by written notice to the Administrative Agent within 10 Business Days after having received notice of a failure to respond to such request for assignment; provided further that no consent of the Borrower
shall be required for an assignment of all or a portion of the Loans pursuant to Section 10.07(h), (k) or (l); and 

(B) the consent of the Administrative Agent (such consent not to be unreasonably withheld or delayed) shall be required if such
assignment is to a Person that is not a Lender, an Affiliate of a Lender or an Approved Fund with respect to a Lender; provided that no consent of the Administrative Agent shall be required for an assignment (i) of all or a portion of
the Loans pursuant to Section 10.07(g), (h), (k) or (l). 
 (iv) Assignment and Assumption. The parties to each
assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption via an electronic settlement system acceptable to the Administrative Agent (or, if previously agreed with the Administrative Agent, manually), and shall
pay to the Administrative Agent a processing and recordation fee of $3,500 (which fee may be waived or reduced in the sole discretion of the Administrative Agent). Other than in the case of assignments pursuant to Section 10.07(l), the Eligible
Assignee, if it shall not be a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire. Each assignee Lender shall be required to represent in the Assignment and Assumption that it is not a Disqualified Institution or an
Affiliate of a Disqualified Institution. 
 (v) No Assignments to Certain Persons. No such assignment shall be made
(A) to any Loan Party or any of its Subsidiaries except as permitted under Section 2.05(1)(e) or Section 10.07(l), (B) subject to Sections 10.07(h), (k) and (l) below, to any Affiliate of the Borrower, (C) to a natural
person or (D) to any Disqualified Institution. 
 This Section 10.07(b) shall not prohibit any Lender from assigning all or a
portion of its rights and obligations among separate Facilities on a non-pro rata basis among such Facilities. 

  
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 In connection with any assignment of rights and obligations of any Defaulting Lender
hereunder, no such assignment shall be effective unless and until, in addition to the other conditions thereto set forth herein, the parties to the assignment shall make such additional payments to the Administrative Agent in an aggregate amount
sufficient, upon distribution thereof as appropriate (which may be outright payment, purchases by the assignee of participations or sub participations, or other compensating actions, including funding, with the consent of the Borrower and the
Administrative Agent, the applicable Pro Rata Share of Loans previously requested but not funded by the Defaulting Lender, to each of which the applicable assignee and assignor hereby irrevocably consent), to (x) pay and satisfy in full all
payment liabilities then owed by such Defaulting Lender to the Administrative Agent or any Lender hereunder (and interest accrued thereon) and (y) acquire (and fund as appropriate) its full Pro Rata Share of all Loans in accordance with its Pro
Rata Share. Notwithstanding the foregoing, in the event that any assignment of rights and obligations of any Defaulting Lender hereunder shall become effective under applicable Law without compliance with the provisions of this paragraph, then the
assignee of such interest shall be deemed to be a Defaulting Lender for all purposes of this Agreement until such compliance occurs. 

Subject to acceptance and recording thereof by the Administrative Agent pursuant to clause (c) of this Section 10.07 (and, in the
case of an Affiliated Lender or a Person that, after giving effect to such assignment, would become an Affiliated Lender, to the requirements of clause (h) of this Section 10.07), from and after the effective date specified in each
Assignment and Assumption, other than in connection with an assignment pursuant to Section 10.07(l), (x) the assignee thereunder shall be a party to this Agreement and, to the extent of the interest assigned by such Assignment and Assumption,
have the rights and obligations of a Lender under this Agreement, and (y) the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement
(and, in the case of an Assignment and Assumption covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of
Sections 3.01, 3.04, 3.05, 10.04 and 10.05 with respect to facts and circumstances occurring prior to the effective date of such assignment), but shall in any event continue to be subject to Section 10.09. Upon request, and the surrender
by the assigning Lender of its Term Note, the Borrower (at its expense) shall execute and deliver a Term Note to the assignee Lender. Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this
subsection shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with Section 10.07(d). 

(c) The Administrative Agent, acting solely for this purpose as an agent of the Borrower, shall maintain at the Administrative
Agent’s Office a copy of each Assignment and Assumption delivered to it, each Affiliated Lender Assignment and Assumption delivered to it, each notice of cancellation of any Loans delivered by the Borrower pursuant to subsections (h) or
(l) below, and a register for the recordation of the names and addresses of the Lenders, and the Commitments of, and principal amounts (and related interest amounts) of the Loans and amounts due under Section 2.03, 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 Agents 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, any
Agent-

  
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Related Persons and, with respect to its own Loans, any Lender, at any reasonable time and from time to time upon reasonable prior notice. This Section 10.07(c) and Section 2.11 shall
be construed so that all Loans are at all times maintained in “registered form” within the meaning of Sections 163(f), 871(h)(2) and 881(c)(2) of the Code and any related Treasury regulations (or any other relevant or successor
provisions of the Code or of such Treasury regulations). Notwithstanding the foregoing, in no event shall the Administrative Agent be obligated to ascertain, monitor or inquire as to whether any Lender is an Affiliated Lender, nor shall the
Administrative Agent be obligated to monitor the aggregate amount of the Term Loans or Incremental Term Loans held by Affiliated Lenders. 

(d) Any Lender may at any time, without the consent of, or notice to, the Borrower or the Administrative Agent, sell
participations to any Person (other than a natural person, the Borrower or any Affiliate or Subsidiary of the Borrower or a Disqualified Institution to the extent the list of Disqualified Institutions has been made available to the Lenders,
following reasonable request therefor) (each, a “Participant”) in all or a portion of such Lender’s rights or obligations under this Agreement (including all or a portion of its Commitment or the Loans owing to it); provided
that (i) such Lender’s obligations under this Agreement shall remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations and (iii) the Borrower, the
Agents 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 this Agreement and the other Loan Documents and to approve any amendment, modification or waiver of any provision of this Agreement or any other Loan Document;
provided that such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any amendment, waiver or other modification described in the first proviso to Section 10.01 (other than
clauses (d) and (i) thereof) that directly affects such Participant. Subject to subsection (e) of this Section 10.07, the Borrower agrees that each Participant shall be entitled to the benefits of Sections 3.01 (subject to the
requirements of Section 3.01 (including subsections (2), (3) and (4), as applicable as though it were a Lender)), 3.04 and 3.05 (through the applicable Lender) to the same extent as if it were a Lender and had acquired its interest by
assignment pursuant to subsection (b) of this Section 10.07. To the extent permitted by applicable Law, each Participant also shall be entitled to the benefits of Section 10.10 as though it were a Lender; provided that such
Participant agrees to be subject to Section 2.13 as though it were a Lender. 
 (e) Limitations upon Participant
Rights. A Participant shall not be entitled to receive any greater payment under Section 3.01, 3.04 or 3.05 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless
the sale of the participation to such Participant is made with the Borrower’s prior written consent. Each Lender that sells a participation shall (acting solely for this purpose as a non-fiduciary agent
of the Borrower) maintain a register complying with the requirements of Sections 163(f), 871(h) and 881(c)(2) of the Code and the Treasury regulations issued thereunder on which is entered 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”). The 

  
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entries in the Participant Register shall be conclusive absent manifest error, and such Lender and the Borrower 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; provided that no Lender shall have the obligation to disclose all or a portion of the Participant Register (including the identity of
the Participant or any information relating to a Participant’s interest in any commitments, loans, letters of credit or other obligations under any Loan Document) to any Person except to the extent such disclosure is necessary to establish that
any such commitments, loans, letters of credit or other obligations are in registered form for U.S. federal income tax purposes. For the avoidance of doubt, the Administrative Agent (in its capacity as Administrative Agent) shall have no
responsibility for maintaining a Participant Register. 
 (f) Any Lender may at any time pledge or assign a security interest
in all or any portion of its rights under this Agreement (including under its Term Note, if any) to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank or any other central bank;
provided that no such pledge or assignment shall release such Lender from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto. 

(g) Notwithstanding anything to the contrary contained herein, any Lender (a “Granting Lender”) may grant to a
special purpose funding vehicle identified as such in writing from time to time by the Granting Lender to the Administrative Agent and the Borrower (an “SPC”) the option to provide all or any part of any Loan that such Granting
Lender would otherwise be obligated to make pursuant to this Agreement; provided that (i) nothing herein shall constitute a commitment by any SPC to fund any Loan, (ii) if an SPC elects not to exercise such option or otherwise fails
to make all or any part of such Loan, the Granting Lender shall be obligated to make such Loan pursuant to the terms hereof and (iii) such SPC and the applicable Loan or any applicable part thereof shall be appropriately reflected in the
Participant Register. Each party hereto hereby agrees that (i) neither the grant to any SPC nor the exercise by any SPC of such option shall increase the costs or expenses or otherwise increase or change the obligations of the Borrower under
this Agreement (including its obligations under Section 3.01, 3.04 or 3.05), (ii) no SPC shall be liable for any indemnity or similar payment obligation under this Agreement for which a Lender would be liable, and (iii) the Granting Lender
shall for all purposes, including the approval of any amendment, waiver or other modification of any provision of any Loan Document, remain the Lender hereunder. The making of a Loan by an SPC hereunder shall utilize the Commitment of the Granting
Lender to the same extent, and as if, such Loan were made by such Granting Lender. Notwithstanding anything to the contrary contained herein, any SPC may (i) with notice to, but without prior consent of the Borrower and the Administrative Agent
and with the payment of a processing fee of $3,500 (which processing fee may be waived by the Administrative Agent in its sole discretion), assign all or any portion of its right to receive payment with respect to any Loan to the Granting Lender and
(ii) disclose on a confidential basis any non-public information relating to its funding of Loans to any rating agency, commercial paper dealer or provider of any surety or Guarantee or credit or
liquidity enhancement to such SPC. 

  
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 (h) Any Lender may at any time, assign all or a portion of its rights and
obligations with respect to Loans and Commitments under this Agreement to a Person who is or will become, after such assignment, an Affiliated Lender through (x) Dutch auctions or other offers to purchase or take by assignment open to all
Lenders on a pro rata basis in accordance with procedures of the type described in Section 2.05(1)(e) or (y) open market purchase on a non-pro rata basis, in each case subject to the following
limitations: 
 (i) Affiliated Lenders (A) will not receive information provided solely to Lenders by the Administrative
Agent or any Lender and will not be permitted to attend or participate in conference calls or meetings attended solely by the Lenders and the Administrative Agent, other than the right to receive notices of prepayments and other administrative
notices in respect of its Loans or Commitments required to be delivered to Lenders pursuant to Article II or (B) will not make any challenge to the Administrative Agent’s or any other Lender’s attorney-client privilege on the
basis of its status as a Lender; 
 (ii) each Affiliated Lender that purchases any Loans or Commitments will clearly identify
itself as an Affiliated Lender in any Affiliated Lender Assignment and Assumption executed in connection with such purchases or sales and each such Affiliated Lender Assignment and Assumption shall contain customary “big boy”
representations but no requirement to make representations as to the absence of any material nonpublic information; 
 (iii)
as a condition to each assignment pursuant to this subsection (h), the Administrative Agent and the Borrower shall have been provided a notice in connection with each assignment to an Affiliated Lender or a Person that upon the effectiveness of
such assignment the assignee would constitute an Affiliated Lender pursuant to which such Affiliated Lender (in its capacity as such) shall waive any right to bring any action in connection with such Loans and Commitments against the Administrative
Agent, in its capacity as such; 
 (iv) the aggregate principal amount of Term Loans of any Class under this Agreement
held by Affiliated Lenders at the time of any such purchase or assignment shall not exceed 25.0% of the aggregate principal amount of Term Loans of such Class outstanding at such time under this Agreement (such percentage, the
“Affiliated Lender Cap”); provided that to the extent any assignment to an Affiliated Lender would result in the aggregate principal amount of all Term Loans of any Class held by Affiliated Lenders exceeding the
Affiliated Lender Cap (determined at the time of purchase), the assignment of such excess amount will be void ab initio; and 

(v) the assigning Lender and the Affiliated Lender purchasing such Lender’s Term Loans shall execute and deliver to the
Administrative Agent an assignment agreement substantially in the form of Exhibit D-2 hereto (an “Affiliated Lender Assignment and Assumption”). 

  
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 Notwithstanding anything to the contrary contained herein, any Affiliated Lender that has
purchased Term Loans pursuant to this subsection (h) may, in its sole discretion, contribute, directly or indirectly, the principal amount of such Term Loans or any portion thereof, plus all accrued and unpaid interest thereon, to the
Borrower for the purpose of cancelling and extinguishing such Term Loans and such contribution will increase the amount of the Available Amount. Upon the date of such contribution, assignment or transfer, (x) the aggregate outstanding principal
amount of Term Loans shall reflect such cancellation and extinguishing of the Term Loans then held by the Borrower and (y) the Borrower shall promptly provide notice to the Administrative Agent of such contribution of such Term Loans, and the
Administrative Agent, upon receipt of such notice, shall reflect the cancellation of the applicable Term Loans in the Register. 
 Each
Affiliated Lender agrees to notify the Administrative Agent and the Borrower promptly (and in any event within 10 Business Days) if it acquires any Person who is also a Lender, and each Lender agrees to notify the Administrative Agent and the
Borrower promptly (and in any event within 10 Business Days) if it becomes an Affiliated Lender. The Administrative Agent may conclusively rely upon any notice delivered pursuant to the immediately preceding sentence or pursuant to clause
(v) of this subsection (h) and shall not have any liability for any losses suffered by any Person as a result of any purported assignment to or from an Affiliated Lender. 

(i) Notwithstanding anything in Section 10.01 or the definition of “Required Lenders,” or “Required
Facility Lenders” to the contrary, for purposes of determining whether the Required Lenders and Required Facility Lenders (in respect of a Class of Term Loans) have (i) consented (or not consented) to any amendment, modification,
waiver, consent or other action with respect to any of the terms of any Loan Document or any departure by any Loan Party therefrom, or subject to Section 10.07(j), any plan of reorganization pursuant to the U.S. Bankruptcy Code,
(ii) otherwise acted on any matter related to any Loan Document, or (iii) directed or required the Administrative Agent or any Lender to undertake any action (or refrain from taking any action) with respect to or under any Loan Document,
no Affiliated Lender shall have any right to consent (or not consent), otherwise act or direct or require the Administrative Agent or any Lender to take (or refrain from taking) any such action and: 

(i) all Term Loans held by any Affiliated Lenders shall be deemed to be not outstanding for all purposes of calculating whether
the Required Lenders and Required Facility Lenders (in respect of a Class of Term Loans) have taken any actions; and 

(ii) all Term Loans held by Affiliated Lenders shall be deemed to have been voted in the same proportion as non-Affiliated lenders voting on such matter unless the action in question affects such Affiliated Lender in a disproportionately adverse manner than its effect on other Lenders. 

  
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 (j) Notwithstanding anything in this Agreement or the other Loan Documents
to the contrary, each Affiliated Lender hereby agrees that, and each Affiliated Lender Assignment and Assumption shall provide a confirmation that, if a proceeding under any Debtor Relief Law shall be commenced by or against the Borrower or any
other Loan Party at a time when such Lender is an Affiliated Lender, such Affiliated Lender irrevocably authorizes and empowers the Administrative Agent to vote on behalf of such Affiliated Lender with respect to the Term Loans held by such
Affiliated Lender in the same proportion as non-Affiliated Lenders voting on such matter, unless the Administrative Agent instructs such Affiliated Lender to vote, in which case such Affiliated Lender shall
vote with respect to the Term Loans held by it as the Administrative Agent directs; provided that such Affiliated Lender shall be entitled to vote in accordance with its sole discretion (and not in accordance with the direction of the
Administrative Agent) in connection with any plan of reorganization to the extent any such plan of reorganization proposes to treat any Obligations held by such Affiliated Lender in a disproportionately adverse manner than the proposed treatment of
similar Obligations held by Term Lenders that are not Affiliated Lenders. 
 (k) Notwithstanding anything in
Section 10.01 or the definition of “Required Lenders” to the contrary, for purposes of determining whether the Required Lenders have (i) consented (or not consented) to any amendment, modification, waiver, consent or other action
with respect to any of the terms of any Loan Document or any departure by any Loan Party therefrom, (ii) otherwise acted on any matter related to any Loan Document or (iii) directed or required the Administrative Agent or any Lender to
undertake any action (or refrain from taking any action) with respect to or under any Loan Document, all Term Loans held by Debt Fund Affiliates, in the aggregate, may not account for more than 49.9% of the Term Loans of consenting Lenders included
in determining whether the Required Lenders have consented to any action pursuant to Section 10.01. 
 (l) Any Lender
may, so long as no Event of Default has occurred and is continuing, at any time, assign all or a portion of its rights and obligations with respect to Term Loans under this Agreement to Holdings, the Borrower or any Subsidiary of the Borrower
through (x) Dutch auctions or other offers to purchase open to all Lenders on a pro rata basis in accordance with procedures of the type described in Section 2.05(1)(e) or (y) open market purchases on a
non-pro rata basis; provided that (x) if the assignee is Holdings or a Subsidiary of the Borrower, upon such assignment, transfer or contribution, the applicable assignee shall automatically be
deemed to have contributed or transferred the principal amount of such Term Loans, plus all accrued and unpaid interest thereon, to the Borrower; or (y) if the assignee is the Borrower (including through contribution or transfers set
forth in clause (x)), (a) the principal amount of such Term Loans, along with all accrued and unpaid interest thereon, so contributed, assigned or transferred to the Borrower shall be deemed automatically cancelled and extinguished on the date of
such contribution, assignment or transfer, (b) the aggregate outstanding principal amount of Term Loans of the remaining Lenders shall reflect such cancellation and extinguishing of the Term Loans then held by the Borrower and (c) the
Borrower shall promptly provide notice to the Administrative Agent of such contribution, assignment or transfer of such Term Loans, and the Administrative Agent, upon receipt of such notice, shall reflect the cancellation of the applicable Term
Loans in the Register. 

  
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 (m) Notwithstanding anything to the contrary contained herein, without the
consent of the Borrower or the Administrative Agent, (1) any Lender may in accordance with applicable Law create a security interest in all or any portion of the Loans owing to it and the Term Note, if any, held by it and (2) any Lender
that is a Fund may create a security interest in all or any portion of the Loans owing to it and the Term Note, if any, held by it to the trustee for holders of obligations owed, or securities issued, by such Fund as security for such obligations or
securities; provided that unless and until such trustee actually becomes a Lender in compliance with the other provisions of this Section 10.07, (i) no such pledge shall release the pledging Lender from any of its obligations under the
Loan Documents and (ii) such trustee shall not be entitled to exercise any of the rights of a Lender under the Loan Documents even though such trustee may have acquired ownership rights with respect to the pledged interest through foreclosure
or otherwise. 
 (n) Notwithstanding the foregoing, no Disqualified Institution that purports to become a Lender hereunder
(notwithstanding the provisions of this Agreement that prohibit Disqualified Institutions from becoming Lenders) shall be entitled to any of the rights or privileges enjoyed by the other Lenders with respect to voting, information and lender
meetings. In addition, if any assignment or participation is made to any Disqualified Institution without the Borrower’s express prior written consent (which consent shall state expressly that the Borrower acknowledges that the assignee Lender
is a Disqualified Institution) in violation of clause (v) of Section 10.07(b), the Borrower may, in addition to any other rights and remedies that it may have against such Disqualified Institution, at its sole expense and effort, upon
notice to the applicable Disqualified Institution and the Administrative Agent, (A) in the case of outstanding Term Loans held by Disqualified Institutions, purchase or prepay such Term Loan by paying the lesser of (x) the principal amount
thereof and (y) the amount that such Disqualified Institution paid to acquire such Term Loans, in each case plus accrued interest, accrued fees and all other amounts (other than principal amounts) payable to it hereunder and/or (B) require
such Disqualified Institution to assign, without recourse (in accordance with and subject to the restrictions contained in Section 10.07), all of its interest, rights and obligations under this Agreement to one or more Eligible Assignees at the
lesser of (x) the principal amount thereof and (y) the amount that such Disqualified Institution paid to acquire such interests, rights and obligations, in each case plus accrued interest, accrued fees and all other amounts (other than
principal amounts) payable to it hereunder. 
 (o) Notwithstanding anything herein to the contrary, the provisions of this
Section 10.07 shall not apply retroactively to disqualify any person that has previously acquired an assignment or interest in any of the Term Loans with respect to amounts previously acquired to the extent such party was not a Disqualified
Institution at the time of the applicable assignment but for only so long as such person continues to hold such Term Loans. The Administrative Agent shall not be responsible or have any liability for, or have any duty to ascertain, inquire into,
monitor or enforce, compliance with the provisions hereof relating to Disqualified Institutions. Without limiting the generality of the foregoing, the Administrative Agent shall not (x) be obligated to ascertain, monitor or inquire as to
whether any Lender or Participant or prospective Lender or Participant is a Disqualified Institution or (y) have any liability with respect to or arising out of any assignment or participation of Loans or Commitments, or disclosure of
confidential information, to any Disqualified Institution. 

  
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 Section 10.08 [Reserved]. 

Section 10.09 Confidentiality. Each of the Agents, the Arrangers and the Lenders agrees to maintain the confidentiality of the
Information in accordance with its customary procedures (as set forth below), except that Information may be disclosed (a) to its Affiliates and to its and its Affiliates’ respective partners, directors, officers, employees, legal counsel,
independent auditors, agents, trustees, advisors and representatives (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, with such Affiliate being responsible for such Person’s compliance with this Section 10.09; provided, however, that such Agent, Arranger or Lender, as applicable, shall be principally liable to the extent this
Section 10.09 is violated by one or more of its Affiliates or any of its or their respective employees, directors or officers), (b) to the extent requested by any regulatory authority purporting to have jurisdiction over it (including any
self-regulatory authority, such as the National Association of Insurance Commissioners); provided, however, that each Agent, each Arranger and each Lender agrees to seek confidential treatment with respect to any such disclosure,
(c) to the extent required by applicable laws or regulations or by any subpoena or otherwise as required by applicable Law or regulation or as requested by a governmental authority; provided that such Agent, such Arranger or such Lender,
as applicable, agrees (x) that it will notify the Borrower as soon as practicable in the event of any such disclosure by such Person (except in connection with any request as part of any audit or regulatory examination) unless such notification
is prohibited by law, rule or regulation and (y) to seek confidential treatment with respect to any such disclosure, (d) to any other party hereto, (e) subject to an agreement containing provisions at least as restrictive as those of
this Section 10.09, 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 any Eligible Assignee (or its agent) invited to be an Additional
Lender or (ii) with the prior consent of the Borrower, any actual or prospective direct or indirect counterparty (or its advisors) to any swap or derivative transaction relating to the Borrower or any of their Subsidiaries or any of their
respective obligations; provided that such disclosure shall be made subject to the acknowledgment and acceptance by such prospective Lender, Participant or Eligible Assignee that such Information is being disseminated on a confidential basis
(on substantially the terms set forth in this paragraph or as is otherwise reasonably acceptable to the Borrower, the Agents and the Arrangers, including as set forth in any confidential information memorandum or other marketing materials) in
accordance with the standard syndication process of the Agents and the Arrangers or market standards for dissemination of such type of information which shall in any event require “click through” or other affirmative action on the part of
the recipient to access such confidential information, (f) for purposes of establishing a “due diligence” defense, (g) with the consent of the Borrower, (h) to the extent such Information (x) becomes publicly available
other than as a result of a breach by any Person of this Section 10.09 or any other confidentiality provision in favor of any Loan Party, (y) becomes available to any Agent, any Arranger, any Lender or any of their respective Affiliates on
a nonconfidential basis from a source other than Holdings, the Borrower or any Subsidiary thereof, and which source is not known by such Agent, such Lender or the applicable Affiliate to be subject to a confidentiality restriction in respect thereof
in favor of Holdings, the Borrower or any Affiliate of the Borrower or (z) is independently developed by the Agents, the Lenders, the Arrangers or their respective Affiliates, in each case, so long as not based on information obtained in a
manner that would otherwise violate this Section 10.09 or (i) in order to enforce its respective rights under any Loan Document in any action or proceeding. 

  
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 For purposes of this Section 10.09, “Information” means all
information received from any Loan Party or any Subsidiary thereof relating to any Loan Party or any Subsidiary or Affiliate thereof or their respective businesses, other than any such information that is available to any Agent or any Lender on a
nonconfidential basis prior to disclosure by any Loan Party or any Subsidiary thereof; it being understood that all information received from Holdings, the Borrower or any Subsidiary or Affiliate thereof after the date hereof shall be deemed
confidential unless such information is clearly identified at the time of delivery as not being confidential. Any Person required to maintain the confidentiality of Information as provided in this Section 10.09 shall be considered to have
complied with its obligation to do so in accordance with its customary procedures 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. 
 Each Agent, each Arranger and each Lender acknowledges that (a) the Information may include trade secrets, protected
confidential information, or material non-public information concerning the Borrower or a Subsidiary, as the case may be, (b) it has developed compliance procedures regarding the use of such information
and (c) it will handle such information in accordance with applicable Law, including United States Federal and state securities Laws and to preserve its trade secret or confidential character. 

The respective obligations of the Agents, the Arrangers and the Lenders under this Section 10.09 shall survive, to the extent applicable
to such Person, (x) the payment in full of the Obligations and the termination of this Agreement, (y) any assignment of its rights and obligations under this Agreement and (z) the resignation or removal of any Agent. 

Section 10.10 Setoff. If an Event of Default shall have occurred and be continuing, each Lender is hereby authorized at any time
and from time to time, after obtaining the prior written consent of the Administrative Agent, 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 such Lender to or for the credit or the account of any Loan Party against any and all of the obligations of such Loan Party then due and payable
under this Agreement or any other Loan Document to such Lender, irrespective of whether or not such Lender shall have made any demand under this Agreement or any other Loan Document; provided that in the event that any Defaulting Lender shall
exercise any such right of setoff, (x) all amounts so set off shall be paid over immediately to the Administrative Agent for further application in accordance with the provisions of Section 2.17 and, pending such payment, shall be
segregated by such Defaulting Lender from its other funds and deemed held in trust for the benefit of the Administrative Agent, and the Lenders, and (y) the Defaulting Lender shall provide promptly to the Administrative Agent a statement
describing in reasonable detail the Obligations owing to such Defaulting Lender as to which it exercised such right of setoff. The rights of each Lender under this Section 10.10 are in addition to other rights and remedies (including other
rights of setoff) that such Lender may have. Each Lender agrees to notify the Borrower and the Administrative Agent promptly after any such setoff and application; provided that the failure to give such notice shall not affect the validity of
such setoff and application. 

  
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 Section 10.11 Interest Rate Limitation. Notwithstanding anything to the contrary
contained in any Loan Document, the interest paid or agreed to be paid under the Loan Documents shall not exceed the maximum rate of non-usurious interest permitted by applicable Law (the “Maximum
Rate”). If any 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 Loans or, if it exceeds such unpaid principal, refunded to the Borrower. In
determining whether the interest contracted for, charged, or received by an 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. 
 Section 10.12 Counterparts; Integration; Effectiveness. This Agreement may be executed in
counterparts (and by different parties hereto in different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Agreement and the other Loan Documents 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.
Delivery of an executed counterpart of a signature page of this Agreement by facsimile or other electronic imaging (including in.pdf format) means shall be effective as delivery of a manually executed counterpart of this Agreement. 

Section 10.13 Electronic Execution of Assignments and Certain Other Documents. The words “execution,”
“execute,” “signed,” “signature,” and words of like import in or related to any document to be signed in connection with this Agreement and the transactions contemplated hereby (including without limitation Assignment
and Assumptions, amendments or other modifications, waivers and consents) waivers and consents) shall be deemed to include electronic signatures, the electronic matching of assignment terms and contract formations on electronic platforms approved by
the Administrative Agent, or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based recordkeeping system, as the case may
be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on the
Uniform Electronic Transactions Act; provided that notwithstanding anything contained herein to the contrary the Administrative Agent is under no obligation to agree to accept electronic signatures in any form or in any format unless
expressly agreed to by the Administrative Agent pursuant to procedures approved by it. 
 Section 10.14 Survival of Representations
and Warranties. Subject to Section 1.02(9), all representations and warranties made hereunder and in any other Loan Document or other document delivered pursuant hereto or thereto or in connection herewith or therewith shall survive the
execution and delivery hereof and thereof. Such representations and warranties have been or will be relied upon by the Administrative Agent and each Lender, regardless of any investigation made by the Administrative Agent or any Lender or on their
behalf and notwithstanding that the Administrative Agent or any Lender may have had notice or knowledge of any Default at the time of any Term Borrowing, and shall continue in full force and effect as long as any Loan or any other Obligation
hereunder shall remain unpaid or unsatisfied. 

  
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 Section 10.15 Severability. If any provision of this Agreement or the other Loan
Documents is held to be illegal, invalid or unenforceable, (a) the legality, validity and enforceability of the remaining provisions of this Agreement and the other Loan Documents shall not be affected or impaired thereby and (b) the
parties shall endeavor in good faith negotiations to replace the illegal, invalid or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the illegal, invalid or unenforceable provisions.
The invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 

Section 10.16 GOVERNING LAW. 

(a) THIS AGREEMENT AND EACH OTHER LOAN DOCUMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF
NEW YORK, WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES THEREOF THAT WOULD RESULT IN THE APPLICATION OF ANY LAW OTHER THAN THE LAW OF THE STATE OF NEW YORK. 

(b) THE BORROWER, HOLDINGS, THE ADMINISTRATIVE AGENT AND EACH LENDER EACH IRREVOCABLY AND UNCONDITIONALLY SUBMITS, FOR ITSELF
AND ITS PROPERTY, TO THE EXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK CITY IN THE BOROUGH OF MANHATTAN 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 ANY OTHER LOAN DOCUMENT, OR FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, AND EACH OF THE PARTIES HERETO 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 COURT OR, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE 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. EACH PARTY HERETO AGREES THAT THE AGENTS AND LENDERS RETAIN THE RIGHT TO SERVE PROCESS IN ANY
OTHER MANNER PERMITTED BY LAW OR TO BRING PROCEEDINGS AGAINST ANY LOAN PARTY IN THE COURTS OF ANY OTHER JURISDICTION IN CONNECTION WITH THE EXERCISE OF ANY RIGHTS UNDER ANY COLLATERAL DOCUMENT OR THE ENFORCEMENT OF ANY JUDGMENT. 

(c) THE BORROWER, HOLDINGS, THE ADMINISTRATIVE AGENT AND EACH LENDER EACH IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE
FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY 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 10.16. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION OR PROCEEDING IN ANY SUCH
COURT. 

  
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 Section 10.17 WAIVER OF RIGHT TO TRIAL BY JURY. EACH PARTY HERETO HEREBY
IRREVOCABLY 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 OR ANY OTHER LOAN DOCUMENT OR THE
TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH
OTHER PERSON 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 AND THE OTHER LOAN DOCUMENTS BY, AMONG OTHER
THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 10.17. 
 Section 10.18 Binding Effect. This Agreement shall
become effective when it shall have been executed by the Borrower, Holdings and the Administrative Agent and the Administrative Agent shall have been notified by each Lender that each such Lender has executed it and thereafter shall be binding upon
and inure to the benefit of the Borrower, Holdings, each Agent and each Lender and their respective successors and assigns. 

Section 10.19 Lender Action. Each Lender agrees that it shall not take or institute any actions or proceedings, judicial or
otherwise, for any right or remedy against any Loan Party under any of the Loan Documents or the Secured Hedge Agreements (including the exercise of any right of setoff, rights on account of any banker’s lien or similar claim or other rights of
self-help), or institute any actions or proceedings, or otherwise commence any remedial procedures, with respect to any Collateral or any other property of any such Loan Party, without the prior written consent of the Administrative Agent. The
provision of this Section 10.19 are for the sole benefit of the Lenders and shall not afford any right to, or constitute a defense available to, any Loan Party. 

Section 10.20 Use of Name, Logo, etc. Each Loan Party consents to the publication in the ordinary course by Administrative Agent
or the Arrangers of customary advertising material relating to the financing transactions contemplated by this Agreement using such Loan Party’s name, product photographs, logo or trademark. Such consent shall remain effective until revoked by
such Loan Party in writing to the Administrative Agent and the Arrangers. 
 Section 10.21 USA PATRIOT Act. Each Lender that is
subject to the USA PATRIOT Act and the Beneficial Ownership Regulation and the Administrative Agent (for itself and not on behalf of any Lender) hereby notifies the Borrower that pursuant to the requirements of the USA PATRIOT Act and the Beneficial
Ownership Regulation, it is required to obtain, verify and record information that identifies each Loan Party, which information includes the name and address of 

  
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 each Loan Party and other information that will allow such Lender or the Administrative Agent, as
applicable, to identify each Loan Party in accordance with the USA PATRIOT Act and the Beneficial Ownership Regulation. The Borrower shall, promptly following a request by the Administrative Agent or any Lender, provide all documentation and other
information that the Administrative Agent or such Lender reasonably requests in order to comply with its ongoing obligations under applicable “know your customer” and anti-money laundering rules and regulations, including the USA PATRIOT
Act and the Beneficial Ownership Regulation. 
 Section 10.22 Service of Process. EACH PARTY HERETO IRREVOCABLY CONSENTS TO
SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES IN SECTION 10.02. NOTHING IN THIS AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW. 

Section 10.23 No Advisory or Fiduciary Responsibility. In connection with all aspects of each transaction contemplated hereby
(including in connection with any amendment, waiver or other modification hereof or of any other Loan Document), each of the Borrower and Holdings acknowledges and agrees that (i) (A) the arranging and other services regarding this Agreement
provided by the Agents, the Arrangers and the Lenders are arm’s-length commercial transactions between the Borrower, Holdings and their respective Affiliates, on the one hand, and the Administrative
Agents, the Arrangers and the Lenders, on the other hand, (B) each of the Borrower and Holdings has consulted its own legal, accounting, regulatory and tax advisors to the extent it has deemed appropriate, and (C) each of the Borrower and
Holdings is capable of evaluating, and understands and accepts, the terms, risks and conditions of the transactions contemplated hereby and by the other Loan Documents; (ii) (A) each Agent, Arranger and Lender 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 the Borrower, Holdings or any of their respective Affiliates, or any other Person and
(B) none of the Agents, the Arrangers nor any Lender has any obligation to the Borrower, Holdings or any of their respective Affiliates with respect to the transactions contemplated hereby except those obligations expressly set forth herein and
in the other Loan Documents; and (iii) the Agents, the Arrangers, the Lenders and their respective Affiliates may be engaged in a broad range of transactions that involve interests that differ from those of the Borrower, Holdings and their
respective Affiliates, and none of the Agents, the Arrangers nor any Lender has any obligation to disclose any of such interests to the Borrower, Holdings or any of their respective Affiliates. To the fullest extent permitted by law, each of the
Borrower and Holdings hereby waives and releases any claims that it may have against the Agents, the Arrangers or any Lender with respect to any breach or alleged breach of agency or fiduciary duty in connection with any aspect of any transaction
contemplated hereby. 
 Section 10.24 Release of Collateral and Guarantee Obligations; Subordination of Liens. 

(a) The Lenders hereby irrevocably agree that the Liens granted to the Collateral Agent by the Loan Parties on any Collateral
shall be automatically released (i) in full, as set forth in clause (b) below, (ii) upon the sale or other transfer of such Collateral (including as part of or in connection with any other sale or other transfer permitted hereunder) to any
Person other than another Loan Party, to the extent such sale, transfer or other disposition is made in compliance with the terms of this Agreement (and the 

  
 264 

 Collateral Agent may rely conclusively on a certificate to that effect provided to it by any
Loan Party upon its reasonable request without further inquiry), (iii) to the extent such Collateral is comprised of property leased to a Loan Party by a Person that is not a Loan Party, upon termination or expiration of such lease to the extent
such Loan Party retains no right, title or interest therein, (iv) if the release of such Lien is approved, authorized or ratified in writing by the Required Lenders (or such other percentage of the Lenders whose consent may be required in
accordance with Section 10.01), (v) to the extent the property constituting such Collateral is owned by any Guarantor, upon the release of such Guarantor from its obligations under the Guaranty (in accordance with the second succeeding
sentence), (vi) as required by the Collateral Agent to effect any sale, transfer or other disposition of Collateral in connection with any exercise of remedies of the Collateral Agent pursuant to the Collateral Documents and (vii) to the extent
such Collateral otherwise becomes Excluded Assets. Any such release shall not in any manner discharge, affect, or impair the Obligations or any Liens (other than those being released) upon (or obligations (other than those being released) of the
Loan Parties in respect of) all interests retained by the Loan Parties, including the proceeds of any sale, all of which shall continue to constitute part of the Collateral except to the extent otherwise released in accordance with the provisions of
the Loan Documents. Additionally, the Lenders hereby irrevocably agree that a Subsidiary Guarantor shall be released from its Guaranty upon consummation of any transaction permitted hereunder resulting in such Subsidiary ceasing to constitute a
Restricted Subsidiary, or otherwise becoming an Excluded Subsidiary (provided that a wholly-owned Restricted Subsidiary that becomes a non-wholly-owned Subsidiary shall be released from its Guarantee
under the Guaranty pursuant to Section 10.01 if it is no longer wholly-owned as a result of a transaction for a bona fide business purpose and on an arm’s length basis (and is not entered into for purposes of releasing
such guarantee)). The Lenders hereby authorize the Administrative Agent and the Collateral Agent, as applicable, to execute and deliver any instruments, documents, and agreements necessary or desirable to evidence and confirm the release of any
Guarantor or Collateral pursuant to the foregoing provisions of this paragraph, all without the further consent or joinder of any Lender. Any representation, warranty or covenant contained in any Loan Document relating to any such released
Collateral or Guarantor shall no longer be deemed to be repeated. 
 (b) Notwithstanding anything to the contrary contained
herein or any other Loan Document, when all Obligations (other than (i) Hedging Obligations in respect of any Secured Hedge Agreements, (ii) Cash Management Obligations in respect of any Secured Cash Management Agreements and
(iii) any contingent obligations not then due) have been paid in full in cash and all Commitments have terminated, upon request of the Borrower, the Administrative Agent or Collateral Agent, as applicable, shall (without notice to, or vote or
consent of, any Secured Party) take such actions as shall be required to release its security interest in all Collateral, and to release all obligations under any Loan Document, whether or not on the date of such release there may be any
(i) Hedging Obligations in respect of any Secured Hedge Agreements, (ii) Cash Management Obligations in respect of any Secured Cash Management Agreements and (iii) any contingent obligations not then due. Any such release of
Obligations shall be deemed subject to the provision that such Obligations shall be reinstated if after such release any portion of any payment in respect of the Obligations guaranteed thereby shall be rescinded

  
 265 

 or must otherwise be restored or returned upon the insolvency, bankruptcy, dissolution,
provisional liquidation, liquidation or reorganization of the Borrower or any Guarantor, or upon or as a result of the appointment of a receiver, intervenor or conservator of, or trustee or similar officer for, the Borrower or any Guarantor or any
substantial part of its property, or otherwise, all as though such payment had not been made. 
 (c) Notwithstanding anything
to the contrary contained herein or in any other Loan Document, upon request of the Borrower in connection with any Permitted Lien specified in clause (7) of the definition thereof securing obligations in respect of Indebtedness, Disqualified
Stock or Preferred Stock permitted to be incurred pursuant to clause (4) of Section 7.02(b) in any Collateral, the Administrative Agent or Collateral Agent, as applicable, shall (without notice to, or vote or consent of, any Secured Party)
take such actions as shall be required to subordinate the Lien on any Collateral to any such Permitted Lien to be senior to the Liens in favor of the Collateral Agent. 

(d) Notwithstanding the foregoing or anything in the Loan Documents to the contrary, at the direction of the Required Lenders,
the Administrative Agent may, in exercising remedies, take any and all necessary and appropriate action to effectuate a credit bid of all Loans (or any lesser amount thereof) for the Borrower’s assets in a bankruptcy, foreclosure or other
similar proceeding, forbear from exercising remedies upon an Event of Default, or in a bankruptcy proceeding, enter into a settlement agreement on behalf of all Lenders. 

Section 10.25 [Reserved]. 

Section 10.26 Judgment Currency. If, for the purposes of obtaining judgment in any court, it is necessary to convert a sum due
hereunder or any other Loan Document in one currency into another currency, the rate of exchange used shall be that at which in accordance with normal banking procedures the Administrative Agent could purchase the first currency with such other
currency on the Business Day preceding that on which final judgment is given. The obligation of the Borrower in respect of any such sum due from it to the Administrative Agent or the Lenders hereunder or under the other Loan Documents shall,
notwithstanding any judgment in a currency (the “Judgment Currency”) other than that in which such sum is denominated in accordance with the applicable provisions of this Agreement (the “Agreement Currency”), be
discharged only to the extent that on the Business Day following receipt by the Administrative Agent of any sum adjudged to be so due in the Judgment Currency, the Administrative Agent may in accordance with normal banking procedures purchase the
Agreement Currency with the Judgment Currency. If the amount of the Agreement Currency so purchased is less than the sum originally due to the Administrative Agent from the Borrower in the Agreement Currency, the Borrower agrees, as a separate
obligation and notwithstanding any such judgment, to indemnify the Administrative Agent or the Person to whom such obligation was owing against such loss. If the amount of the Agreement Currency so purchased is greater than the sum originally due to
the Administrative Agent in such currency, the Administrative Agent agrees to return the amount of any excess to the Borrower (or to any other Person who may be entitled thereto under applicable Law). 

  
 266 

 Section 10.27 Acknowledgement and Consent to
Bail-In of Affected 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 and accepts that any liability of any Affected 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 the applicable 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 the applicable Resolution Authority to any such liabilities arising hereunder which may be payable to it by any party hereto that is an Affected 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 Affected
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 the applicable Resolution Authority. 
 Section 10.28
Acknowledgement Regarding Any Supported QFCs. 
 (a) To the extent that the Loan Documents provide support, through a
guarantee or otherwise, for any Swap Contract or any other agreement or instrument that is a QFC (such support, “QFC Credit Support”, and each such QFC, a “Supported QFC”), the parties acknowledge and agree as
follows with respect to the resolution power of the Federal Deposit Insurance Corporation under the Federal Deposit Insurance Act and Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act (together with the regulations
promulgated thereunder, the “U.S. Special Resolution Regimes”) in respect of such Supported QFC and QFC Credit Support (with the provisions below applicable notwithstanding that the Loan Documents and any
Supported QFC may in fact be stated to be governed by the laws of the State of New York and/or of the United States or any other state of the United States): 

(b) In the event a Covered Entity that is party to a Supported QFC (each, a “Covered Party”) becomes subject
to a proceeding under a U.S. Special Resolution Regime, the transfer of such Supported QFC and the benefit of such QFC Credit Support (and any interest and obligation in or under such Supported QFC and such QFC Credit Support, and any rights in
property securing such Supported QFC or such QFC Credit Support) from such Covered Party will be effective to the same extent as the transfer would be effective under the U.S. Special Resolution Regime if the Supported QFC and such QFC Credit
Support (and any such interest, obligation and rights in property) were governed by the laws of the United States or a state of the United States. In the event a Covered Party 

  
 267 

 
or a BHC Act Affiliate of a Covered Party becomes subject to a proceeding under a U.S. Special Resolution Regime, Default Rights under the Loan Documents that might otherwise apply to such
Supported QFC or any QFC Credit Support that may be exercised against such Covered Party are permitted to be exercised to no greater extent than such Default Rights could be exercised under the U.S. Special Resolution Regime if the Supported
QFC and the Loan Documents were governed by the laws of the United States or a state of the United States. Without limitation of the foregoing, it is understood and agreed that rights and remedies of the parties with respect to a Defaulting Lender
shall in no event affect the rights of any Covered Party with respect to a Supported QFC or any QFC Credit Support. 
 [THE REMAINDER OF
THIS PAGE IS INTENTIONALLY LEFT BLANK.] 
  

  
 268 

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

					
	TORRID LLC, as the Borrower
		
	By:	 	 /s/ George Wehlitz

		 	Name: George Wehlitz
		 	Title: Chief Financial Officer
	
	 TORRID INTERMEDIATE, LLC,
 as
Holdings

		
	By:	 	 /s/ George Wehlitz

		 	Name: George Wehlitz
		 	Title: Chief Financial Officer

 [Signature Page to Credit Agreement] 

 
					
	 BANK OF AMERICA, N.A.,
 as
Administrative Agent and Collateral Agent

		
	By:	 	 /s/ Linda Mackey

		 	Name: Linda Mackey
		 	Title: Vice President

 [Signature Page to Credit Agreement] 

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

		
	By:	 	 /s/ David Strickert

		 	Name: David Strickert
		 	Title: Managing Director

 [Signature Page to Credit Agreement]EX-10.17

 Exhibit 10.17 

EXECUTION VERSION 
 THIRD
AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT 
 This THIRD AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT, dated as of
June 14, 2021 (this “Agreement”), is among TORRID LLC, a California limited liability company (the “Lead Borrower”), the other Borrowers party hereto, Torrid Intermediate LLC, a Delaware limited liability company (f/k/a
TORRID INC., a Delaware corporation, “Holdings”), the other Guarantors party hereto, Bank of America, N.A., as administrative agent and collateral agent (in such capacity, including any successor thereto, the “Agent”), and the
Lenders party hereto. 
 PRELIMINARY STATEMENTS 

WHEREAS, reference is made to that certain Amended and Restated Credit Agreement, dated as of October 23, 2017 (as amended by that
certain First Amendment to Amended and Restated Credit Agreement, dated as of June 14, 2019, as amended by that certain Second Amendment to Amended and Restated Credit Agreement, dated as of September 4, 2019, and as further amended,
restated, amended and restated, supplemented, and as in effect immediately prior to the effectiveness of this Agreement, the “Existing ABL Credit Agreement”; the Existing ABL Credit Agreement as amended by this
Agreement, the “Amended ABL Credit Agreement”; capitalized terms used but not defined herein having the meaning provided in the Amended ABL Credit Agreement), among the Borrowers, Holdings, the other Guarantors, the
Lenders from time to time party thereto and the Agent; and 
 WHEREAS, the Borrowers have requested an amendment to the Existing ABL
Credit Agreement pursuant to which certain provisions of the Existing ABL Credit Agreement will be amended as set forth herein. 

NOW, THEREFORE, in consideration of the undertakings set forth herein and other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the parties hereto hereby agree as follows: 
 1. Amendments to the Existing ABL Credit
Agreement. The Existing ABL Credit Agreement is hereby amended as follows: 
 (a) Credit Agreement. The Existing ABL Credit
Agreement is hereby amended to delete the bold, stricken text (indicated textually in the same manner as the following example: stricken text ) and to add the bold, double-underlined text (indicated textually in the same manner as the following example:
double-underlined text) as set forth in the pages of the Amended ABL Credit Agreement attached as Annex A
hereto. 
 (b) Exhibits to Credit Agreement. Exhibit D (Form of Compliance Certificate) and Exhibit F (Form of Borrowing Base
Certificate) are hereby deleted in their entirety and a new Exhibit D and Exhibit F are substituted in their stead, each as attached hereto as Annex B. 

(c) Schedules to Credit Agreement. Each of the schedules to the Existing ABL Credit Agreement is hereby deleted in its entirety and
substituted in its stead is each of the updated schedules attached hereto as Annex C: 
 2. Representations and Warranties. To
induce the other parties hereto to enter into this Agreement, the Loan Parties represent and warrant to each of the Lenders party hereto and the Agent that, after giving effect to this Agreement: 

 (a) The execution, delivery and performance by the Loan Parties of this Agreement and the
performance of each such Person’s obligations hereunder have been duly authorized by all necessary corporate or other organizational action, do not and shall not: (i) contravene the terms of any of such Person’s Organization
Documents; (ii) conflict with or result in any breach, termination, or contravention of, or constitute a default under or require any payment to be made under (x) any Material Indebtedness to which such Person is a party or affecting such
Person or the properties of such Person or any of its Subsidiaries, or (y) any order, injunction, writ or decree of any Governmental Authority or any arbitral award to which it or its property is subject, except, in each case referred to in
this clause (ii), to the extent that any such conflict, breach, termination, contravention, default or payment could not reasonably be expected to have a Material Adverse Effect; (iii) result in or require the creation of any Lien upon any of
its assets (other than Liens in favor of the Agent under the Security Documents); or (iv) violate any applicable Law, except to the extent that any such violation could not reasonably be expected to have a Material Adverse Effect. 

(b) This Agreement has been duly executed and delivered by each of the Loan Parties. This Agreement constitutes the legal, valid and binding
obligation of each Loan Party, enforceable against such Loan Party 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. Conditions Precedent. This Agreement
and the amendments set forth in Section 1 of this Agreement shall become effective on the first date when the Agent shall have received each of the following, and in form and substance satisfactory to the Agent: 

(a) counterparts of this Agreement, each of which shall be originals or .pdf copies or other facsimiles unless otherwise
specified, duly executed and delivered by (x) the Lenders (y) the Loan Parties and (z) the Agent; 
 (b) a
Note (which may, with respect to Lenders party to the Existing ABL Credit Agreement, take the form of an amended and restated Note), executed by the Borrowers in favor of each Lender requesting a Note (to the extent any such Note or Notes were
requested on or before the date hereof); 
 (c) the Third Amendment Fee Letter, duly executed by the Borrowers and the Agent,
and delivered to the Agent; 
 (d) The Third Amendment Confirmation and Ratification Agreement, duly executed by the Loan
Parties and the Agent; 
 (e) The ABL Intercreditor Agreement, acknowledged and delivered by the Loan Parties; 

(f) The Term Loan Credit Agreement, duly executed by the parties thereto; 

(g) a Borrowing Base Certificate, dated as of the date hereof, executed by a Responsible Officer of the Lead Borrower, relating
to the Fiscal Month ending May 31, 2021, which shall demonstrate that Availability is not less than $70,000,000; 
 (h)
such certificates of resolutions or other action, incumbency certificates and/or other certificates of Responsible Officers of each Loan Party as the Agent may reasonably require evidencing (A) the authority of each Loan Party to enter into
this Agreement and the other Loan 

  
 2 

 
Documents to which such Loan Party is a party or is to become a party and (B) the identity, authority and capacity of each Responsible Officer thereof authorized to act as a Responsible
Officer in connection with this Agreement and the other Loan Documents to which such Loan Party is a party or is to become a party, and attaching copies of (or certifying no changes to since the last delivery of) each Loan Party’s
organizational documents and such other documents and certifications as the Agent may reasonably require to evidence that each Loan Party is duly organized or formed, and that each Loan Party is validly existing, in good standing and qualified to
engage in business in its jurisdiction of formation, except to the extent that failure to so qualify in such jurisdiction could not reasonably be expected to have a Material Adverse Effect; 

(i) a favorable opinion of Kirkland & Ellis LLP, counsel to the Loan Parties, addressed to the Agent and each Lender,
as to such matters concerning the Loan Parties and the Loan Documents as the Agent may reasonably request; 
 (j) a
certificate from a Responsible Officer of the Lead Borrower reasonably satisfactory in form and substance to the Agent, certifying that as of the date hereof (i) the Loan Parties, on a Consolidated basis, are Solvent, (ii) there has been
no event or circumstance since February 2, 2021 that has had or could be reasonably expected to have, either individually or in the aggregate, a Material Adverse Effect, and (iii) the representations and warranties made by the Loan Parties
in Section 2 above are true and correct in all material respects as of the date hereof and that after giving effect to this Agreement, no Default or Event of Default shall have occurred and be continuing (which such clause
(iii) representation may be included in a Revolving Loan Notice); 
 (k) a completed information certificate of the Loan
Parties in form consistent with the information certificate delivered on the Effective Date; 
 (l) the Agent and the Lenders
shall have received (x) all documentation and other information reasonably requested by them that is required by regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including
the USA Patriot Act and (y) at least three (3) Business Days prior to the date hereof, any Borrower that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall deliver, to the Agent to be shared
with any Lender that so requests, a Beneficial Ownership Certification in relation to such Borrower; and 
 (m) all fees
payable pursuant to the Third Amendment Fee Letter that are due and payable on the date hereof shall have been paid in full by the Borrowers in accordance with the terms thereof and all reasonable and documented out-of-pocket costs and expenses (including, without limitation, the reasonable and documented fees, charges and disbursements of counsel for the Agent) of the Agent and the Lenders in connection with this
Agreement and the transactions contemplated hereby shall have been paid, to the extent invoiced. 
 Without limiting the generality of the provisions of
Section 10.01(a) of the Amended ABL Credit Agreement, for purposes of determining compliance with the conditions specified in this Section 3, each Lender that has signed this Agreement shall be deemed to have consented
to, approved or accepted or to be satisfied with, this Agreement or other matter required hereunder to be consented to or approved by or acceptable or satisfactory to a Lender. 

4. Post-Closing Covenants. 

(a) Within sixty (60) days (or such longer period as agreed by the Agent in its sole discretion) following the Third Amendment Effective
Date, the Borrowers shall deliver to the Agent in form and substance satisfactory to the Agent, updated insurance certificates and endorsements as required pursuant to Section 6.07 of the Amended ABL Credit Agreement. 

  
 3 

 (b) Within thirty (30) days following the Third Amendment Effective Date, the Borrowers
shall use commercially reasonable efforts to deliver to the Agent in form and substance reasonably satisfactory to the Agent, evidence that a UCC-3 amendment statement has been filed with the California
Secretary of State, amending the collateral description set forth in the UCC-1 financing statement with initial filing number 18-7666728778 filed on 9/03/2018, with the
Lead Borrower, as debtor, and NCR Corporation, as secured party, such that it is limited solely to the debtor’s capital leases. 
 5.
Ratification and Confirmation of Loan Documents. Except as otherwise expressly provided herein, all terms and conditions of the Existing ABL Credit Agreement and the other Loan Documents remain in full force and effect. The Loan Parties
hereby ratify, confirm, and reaffirm that all representations and warranties of the Loan Parties contained in the Existing ABL Credit Agreement and each other Loan Document are true and correct in all material respects (except to the extent that any
such representation and warranty is already qualified by materiality, in which case such representation and warranty shall be true and correct in all respects) on and as of the date hereof, and except to the extent that such representations and
warranties specifically refer to an earlier date, in which case they are true and correct in all material respects (except to the extent that any such representation and warranty is already qualified by materiality, in which case such representation
and warranty shall be true and correct in all respects) as of such earlier date. The Guarantors hereby acknowledge, confirm and agree that the Guaranteed Obligations of the Guarantors under, and as defined in, the Facility Guaranty include, without
limitation, all Obligations of the Loan Parties at any time and from time to time outstanding under the Existing ABL Credit Agreement and the other Loan Documents, as such Obligations have been amended pursuant to this Agreement. The Loan Parties
hereby acknowledge, confirm and agree that the Security Documents and any and all Collateral previously pledged to the Agent, for the benefit of the Secured Parties, pursuant thereto, shall, except to the extent expressly released on or about the
date hereof, continue to secure all applicable Obligations of the Loan Parties at any time and from time to time outstanding under the Existing ABL Credit Agreement and the other Loan Documents, as such Obligations have been amended pursuant to this
Agreement. 
 6. Amendment, Modification and Waiver. This Agreement may not be amended, modified or waived except in accordance
with the Amended ABL Credit Agreement. The execution, delivery and effectiveness of this Agreement shall not, except as expressly provided herein, operate as a waiver of any right, power or remedy of any Lender or the Agent under any of the Loan
Documents, nor constitute a waiver of any provision of any of the Loan Documents. 
 7. Loan Document. This Agreement shall
constitute a Loan Document for all purposes of the Amended ABL Credit Agreement and the other Loan Documents. 
 8. Governing Law,
Etc. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK, WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES THEREOF THAT WOULD RESULT IN THE APPLICATION OF ANY LAW OTHER THAN THE LAW OF THE
STATE OF NEW YORK. SECTIONS 10.12, 10.14 AND 10.15 OF THE AMENDED ABL CREDIT AGREEMENT ARE HEREBY INCORPORATED BY REFERENCE, MUTATIS MUTANDIS.  

9. Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all
of which together shall constitute one and the same instrument. Delivery by telecopier or other electronic transmission of an executed counterpart of a signature page to this Agreement shall be effective as delivery of an original executed
counterpart of this Agreement. 

  
 4 

 [Remainder of Page Intentionally Left Blank] 

  
 5 

 IN WITNESS WHEREOF, each of the undersigned has caused its duly authorized officer to
execute and deliver this Agreement as of the date first set forth above. 
  

			
	 TORRID LLC, 
 as the Lead
Borrower and as a Borrower

		
	By:	 	 /s/ George Wehlitz

		 	Name: George Wehlitz
		 	Title: Chief Financial Officer
	
	TORRID ADMINISTRATION, INC.
	TORRID MERCHANDISING, INC.
	each as a Borrower
		
	By:	 	 /s/ George Wehlitz

		 	Name: George Wehlitz
		 	Title: Chief Financial Officer
	
	 TORRID INTERMEDIATE LLC, 
 as
Holdings and as a Guarantor

		
	By:	 	 /s/ George Wehlitz

		 	Name: George Wehlitz
		 	Title: Chief Financial Officer
	
	 TORRID OHIO LLC,
 as a
Guarantor

		
	By:	 	 /s/ George Wehlitz

		 	Name: George Wehlitz
		 	Title: Chief Financial Officer

 [Torrid – Signature Page to Third Amendment] 

  

 
			
	 BANK OF AMERICA, N.A.,
 as
Administrative Agent and Collateral Agent

		
	By:	 	 /s/ Matthew Potter

		 	Name: Matthew Potter
		 	Title: Senior Vice President
	
	 BANK OF AMERICA, N.A.,
 as a
Lender, as L/C Issuer, and as Swing Line Lender

		
	By:	 	 /s/ Matthew Potter

		 	Name: Matthew Potter
		 	Title: Senior Vice President

 [Torrid – Signature Page to Third Amendment] 

 
			
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as a Lender
		
	By:	 	 /s/ Brendan Hogan

	Name: Brendan Hogan
	Title: Assistant Vice President

 [Torrid – Signature Page to Third Amendment] 

 Annex A 

Conformed Credit Agreement 

[Please see attached.] 

 Conformed Credit Agreement through
SecondThird Amendment 

AMENDED AND RESTATED CREDIT AGREEMENT 

Dated as of October 23, 2017, 

as amended as ofon June 14, 2019, 

as amended as ofon September 4, 2019, 

and as further
amended on June 14, 2021 
 among 

TORRID LLC, 
 as the Lead Borrower,

 For 
 The Borrowers Named
Herein, 
 The Guarantors Named Herein, 

BANK OF AMERICA, N.A., 
 as
Administrative Agent and Collateral Agent, 
 The Other Lenders Party Hereto 

and 
 BANK OF AMERICA, N.A. 

and 
 WELLS FARGO BANK, NATIONAL
ASSOCIATION 
 as Joint Lead Arrangers and Joint Bookrunning Managers 

 
  

 

 TABLE OF CONTENTS 

 

							
	Section	 	 	  	Page	 
	 ARTICLE I DEFINITIONS AND ACCOUNTING TERMS
	  	 	1	 
			
	 1.01
	 	Defined Terms	  	 	1	 
	 1.02
	 	Other Interpretive Provisions	  	 	5767	 
	 1.03
	 	Accounting Terms	  	 	5868	 
	 1.04
	 	Rounding	  	 	5969	 
	 1.05
	 	Times of Day	  	 	5969	 
	 1.06
	 	Letter of Credit Amounts	  	 	5969	 
	 1.07
	 	Certifications	  	 	5969	 
	 1.08
	 	Divisions	  	 	5969	 
	 1.09
	 	LIBOR Discontinuation.	  	 	59Interest Rates71	 
		
	 ARTICLE II THE COMMITMENTS AND CREDIT EXTENSIONS
	  	 	6071	 
			
	 2.01
	 	Revolving Loans	  	 	6071	 
	 2.02
	 	Borrowings, Conversions and Continuations of Revolving Loans	  	 	6171	 
	 2.03
	 	Letters of Credit.	  	 	6373	 
	 2.04
	 	Swing Line Loans	  	 	7282	 
	 2.05
	 	Prepayments	  	 	7585	 
	 2.06
	 	Termination or Reduction of Commitments	  	 	7686	 
	 2.07
	 	Repayment of Obligations	  	 	7687	 
	 2.08
	 	Interest	  	 	7788	 
	 2.09
	 	Fees	  	 	7788	 
	 2.10
	 	Computation of Interest and Fees	  	 	7888	 
	 2.11
	 	Evidence of Debt	  	 	7888	 
	 2.12
	 	Payments Generally; Agent’s Clawback	  	 	7888	 
	 2.13
	 	Sharing of Payments by Credit Parties	  	 	8089	 
	 2.14
	 	Settlement Amongst Lenders	  	 	8191	 
	 2.15
	 	Increase in Commitments	  	 	8191	 
	 2.16
	 	Defaulting Lenders	  	 	8394	 
	 2.17
	 	Extension of Maturity Date	  	 	8596	 
		
	 ARTICLE III TAXES, YIELD PROTECTION AND ILLEGALITY; APPOINTMENT OF LEAD
BORROWER
	  	 	8899	 
	 3.01
	 	Taxes.	  	 	8899	 
	 3.02
	 	Illegality	  	 	93103	 
	 3.03
	 	Inability to Determine Rates	  	 	93104	 
	 3.04
	 	Increased Costs; Reserves on LIBOR Rate Loans	  	 	93106	 
	 3.05
	 	Compensation for Losses	  	 	95107	 
	 3.06
	 	Mitigation Obligations; Replacement of Lenders	  	 	95108	 
	 3.07
	 	Survival	  	 	96109	 
	 3.08
	 	Designation of Lead Borrower as Borrowers’ Agent; Joint and Several Liability.	  	 	96109	 
		
	 ARTICLE IV CONDITIONS PRECEDENT TO CREDIT EXTENSIONS
	  	 	96109	 
			
	 4.01
	 	Conditions of Effective Date	  	 	96Effectiveness of this	 
	 4.02
	 	Conditions to all Credit Extensions	  	 	98111	 

  
 (i) 

							
		
	 ARTICLE V REPRESENTATIONS AND WARRANTIES
	  	 	99112	 
			
	 5.01
	 	Existence, Qualification and Power	  	 	99112	 
	 5.02
	 	Authorization; No Contravention	  	 	100113	 
	 5.03
	 	Governmental Authorization; Other Consents	  	 	100113	 
	 5.04
	 	Binding Effect	  	 	100113	 
	 5.05
	 	Financial Statements; No Material Adverse Effect	  	 	100113	 
	 5.06
	 	Litigation	  	 	101114	 
	 5.07
	 	Ownership of Property; Liens; Licensed Departments	  	 	101114	 
	 5.08
	 	Environmental Compliance	  	 	101115	 
	 5.09
	 	Insurance	  	 	102115	 
	 5.10
	 	Taxes	  	 	102115	 
	 5.11
	 	ERISA Compliance	  	 	102116	 
	 5.12
	 	Subsidiaries; Equity Interests	  	 	103116	 
	 5.13
	 	Margin Regulations; Investment Company Act	  	 	103117	 
	 5.14
	 	Disclosure	  	 	104117	 
	 5.15
	 	Compliance with Laws	  	 	104117	 
	 5.16
	 	Intellectual Property; Licenses, Etc.	  	 	104117	 
	 5.17
	 	Labor Matters	  	 	104118	 
	 5.18
	 	Security Documents	  	 	105118	 
	 5.19
	 	Solvency	  	 	105119	 
	 5.20
	 	Deposit Accounts; Credit Card Arrangements	  	 	106119	 
	 5.21
	 	Sanctions Concerns and Anti-Corruption Laws	  	 	106119	 
	
5.22
	 	EEA Financial Institutions.	  	 	119	 
		
	 ARTICLE VI AFFIRMATIVE COVENANTS
	  	 	106120	 
			
	 6.01
	 	Financial Statements	  	 	106120	 
	 6.02
	 	Certificates; Other Information	  	 	108121	 
	 6.03
	 	Notices	  	 	109123	 
	 6.04
	 	Payment of Obligations	  	 	110124	 
	 6.05
	 	Preservation of Existence, Etc.	  	 	110124	 
	 6.06
	 	Maintenance of Properties	  	 	111124	 
	 6.07
	 	Maintenance of Insurance	  	 	111124	 
	 6.08
	 	Compliance with Laws	  	 	111125	 
	 6.09
	 	Books and Records; Accountants	  	 	111125	 
	 6.10
	 	Inspection Rights	  	 	111125	 
	 6.11
	 	Additional Loan Parties	  	 	112126	 
	 6.12
	 	Cash Management	  	 	113126	 
	 6.13
	 	Information Regarding the Collateral	  	 	114128	 
	 6.14
	 	Physical Inventories	  	 	114128	 
	 6.15
	 	Environmental Laws	  	 	115129	 
	 6.16
	 	Further Assurances	  	 	115129	 
	 6.17
	 	Compliance with Terms of Leaseholds	  	 	116129	 
	 6.18
	 	Designation of Subsidiaries	  	 	116130	 
	 6.19
	 	Sanctions.	  	 	116130	 
	 6.20
	 	Anti-Corruption Laws	  	 	116130	 
	 6.21
	 	Post-Closing Covenant.	  	 	117	 
		
	 ARTICLE VII NEGATIVE COVENANTS
	  	 	117130	 
			
	 7.01
	 	Liens	  	 	117131	 

  
 (ii) 

							
	 7.02
	 	Investments	  	 	117131	 
	 7.03
	 	Indebtedness; Disqualified Stock	  	 	117131	 
	 7.04
	 	Fundamental Changes	  	 	117131	 
	 7.05
	 	Dispositions	  	 	118132	 
	 7.06
	 	Restricted Payments	  	 	118132	 
	 7.07
	 	Prepayments of Indebtedness	  	 	119133	 
	 7.08
	 	Change in Nature of Business	  	 	119133	 
	 7.09
	 	Transactions with Affiliates	  	 	119133	 
	 7.10
	 	Burdensome Agreements	  	 	121136	 
	 7.11
	 	Use of Proceeds	  	 	121136	 
	 7.12
	 	Amendment of Material Documents	  	 	121136	 
	 7.13
	 	Fiscal Year; Accounting Changes	  	 	122137	 
	 7.14
	 	Deposit Accounts; Credit Card Processors	  	 	122137	 
	 7.15
	 	Consolidated Fixed Charge Coverage Ratio	  	 	122137	 
		
	 ARTICLE VIII EVENTS OF DEFAULT AND REMEDIES
	  	 	122137	 
			
	 8.01
	 	Events of Default	  	 	122137	 
	 8.02
	 	Remedies Upon Event of Default	  	 	125140	 
	 8.03
	 	Application of Funds	  	 	126141	 
	 8.04
	 	Right to Cure	  	 	127142	 
		
	 ARTICLE IX THE AGENT
	  	 	128143	 
			
	 9.01
	 	Appointment and Authority	  	 	128143	 
	 9.02
	 	Rights as a Lender	  	 	129144	 
	 9.03
	 	Exculpatory Provisions	  	 	129144	 
	 9.04
	 	Reliance by Agent.	  	 	130145	 
	 9.05
	 	Delegation of Duties	  	 	130146	 
	 9.06
	 	Resignation of Agent	  	 	130146	 
	 9.07
	 	Non-Reliance on Agent and Other Lenders	  	 	131146	 
	 9.08
	 	No Other Duties, Etc.	  	 	131147	 
	 9.09
	 	Agent May File Proofs of Claim	  	 	131147	 
	 9.10
	 	Collateral and Guaranty Matters	  	 	132148	 
	 9.11
	 	Notice of Transfer	  	 	133149	 
	 9.12
	 	Reports and Financial Statements	  	 	133149	 
	 9.13
	 	Agency for Perfection	  	 	134150	 
	 9.14
	 	Indemnification of Agent	  	 	134150	 
	 9.15
	 	Relation among Lenders	  	 	134150	 
	
9.16
	 	Recovery of Erroneous Payments	  	 	150	 
		
	 ARTICLE X MISCELLANEOUS
	  	 	134151	 
			
	 10.01
	 	Amendments, Etc.	  	 	134151	 
	 10.02
	 	Notices; Effectiveness; Electronic Communications	  	 	137153	 
	 10.03
	 	No Waiver; Cumulative Remedies	  	 	138155	 
	 10.04
	 	Expenses; Indemnity; Damage Waiver	  	 	139155	 
	 10.05
	 	Payments Set Aside	  	 	140156	 
	 10.06
	 	Successors and Assigns	  	 	141157	 
	 10.07
	 	Treatment of Certain Information; Confidentiality	  	 	145162	 
	 10.08
	 	Right of Setoff	  	 	146162	 
	 10.09
	 	Interest Rate Limitation	  	 	146163	 
	 10.10
	 	Counterparts; Integration; Effectiveness	  	 	147163	 

  
 (iii) 

							
	 10.11
	 	Survival	  	 	147163	 
	 10.12
	 	Severability	  	 	147164	 
	 10.13
	 	Replacement of Lenders	  	 	148164	 
	 10.14
	 	Governing Law; Jurisdiction; Etc.	  	 	148165	 
	 10.15
	 	Waiver of Jury Trial	  	 	149166	 
	 10.16
	 	No Advisory or Fiduciary Responsibility	  	 	149166	 
	 10.17
	 	Patriot Act Notice	  	 	150167	 
	 10.18
	 	Foreign Asset Control Regulations	  	 	150167	 
	 10.19
	 	Time of the Essence	  	 	151167	 
	 10.20
	 	Press Releases	  	 	151167	 
	 10.21
	 	Additional Waivers	  	 	151168	 
	 10.22
	 	No Strict Construction	  	 	153169	 
	 10.23
	 	Attachments	  	 	153169	 
	 10.24
	 	Electronic Execution of Assignments and Certain Other Documents	  	 	153169	 
	 10.25
	 	Keepwell	  	 	153170	 
	 10.26
	 	Acknowledgment and Consent to Bail-In of EEAAffected Financial Institutions	  	 	153171	 
	 10.27
	 		  			
	
10.27
	 	Acknowledgement Regarding Any Supported QFCs	  	 	171	 
	
10.28
	 	Amendment and Restatement	  	 	154172	 
	 SIGNATURES
	  	 	S-1	 

  
 (iv) 

			
	SCHEDULES
		
	 1.01
	  	Borrowers
	 1.03
	  	Existing Letters of Credit
	 2.01
	  	Commitments and Applicable Percentages
	 5.01
	  	Loan Parties Organizational Information
	 5.06
	  	Litigation
	 5.07(b)(1)
	  	Owned Real Estate
	 5.07(b)(2)
	  	Leased Real Estate
	 5.11
	  	Certain ERISA Events
	 5.12
	  	Subsidiaries; Other Equity Investments
	 5.17
	  	Collective Bargaining Agreements
	 5.20(a)
	  	DDAs
	 5.20(b)
	  	Credit Card Arrangements
	 6.02
	  	Financial and Collateral Reporting
	 6.21
	  	Post-Closing Covenant
	 7.01
	  	Existing Liens
	 7.02
	  	Existing Investments
	 7.03
	  	Existing Indebtedness
	 7.09
	  	Affiliate Transactions
	 10.02
	  	Agent’s Office; Certain Addresses for Notices
	
	EXHIBITS
	
	 Form of

		
	 A
	  	Revolving Loan Notice
	 B
	  	Swing Line Loan Notice
	 C-1
	  	Revolving Note
	 C-2
	  	Swing Line Note
	 D
	  	Compliance Certificate
	 E
	  	Assignment and Assumption
	 F
	  	Borrowing Base Certificate
	
G-1 -G-4
	  	U.S. Tax Compliance Certificates
	 H
	  	Transaction Certificate

  
 (v) 

 AMENDED AND RESTATED CREDIT AGREEMENT 

This AMENDED AND RESTATED CREDIT AGREEMENT (“Agreement”) is entered into as of October 23, 2017, as amended on June 14, 2019, as amended on September 4, 2019, and as further amended on June 14,
2021, among 
 TORRID LLC, a California limited liability company (the
“Lead Borrower”), the Persons named on Schedule 1.01 hereto (together with the Lead Borrower, each a “Borrower” and collectively, the “Borrowers”), Torrid Intermediate LLC, a Delaware limited liability company (f/k/a
TORRID INC., a Delaware corporation, (“Holdings”), and each other Guarantor (as hereinafter defined) from time to time party hereto, each
lender from time to time party hereto (collectively, the “Lenders” and individually, a “Lender”), and BANK OF AMERICA, N.A., as Administrative Agent and Collateral Agent. 

The Borrowers, Holdings and the other Guarantors have entered into a Credit Agreement, dated as of May 1, 2015 (as amended and in effect,
the “Existing Credit Agreement”), among such Borrowers, Holdings and the other Guarantors, the “Lenders” as defined therein, and Bank of America, N.A., as Administrative Agent and Collateral Agent. 

In accordance with Section 10.01 of the Existing Credit Agreement, the parties hereto desire to amend and restate the Existing
Credit Agreement as provided herein. 
 The Borrowers have requested that the Lenders provide a revolving credit facility in an initial
aggregate maximum principal amount not to exceed
$100,000,000150,000,000
, and the Lenders have indicated their willingness to lend and the L/C Issuer has indicated its willingness to issue Letters of Credit, in each case on the terms and conditions set forth herein.

 In consideration of the mutual covenants and agreements herein contained, the parties hereto covenant and agree that the Existing
Credit Agreement shall be amended and restated in its entirety to read as follows: 
 ARTICLE I 

DEFINITIONS AND ACCOUNTING TERMS 

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

“ABL Intercreditor Agreement” means the ABL Intercreditor Agreement among the Agent, Cortland Capital Market Services
LLCBank of America, as agent under the Term Loan
Credit Agreement and the representatives for purposes thereof for holders of one or more other classes of Indebtedness, the Lead Borrower and the other parties thereto, as amended, restated, supplemented or otherwise modified from time to time in
accordance with the requirements thereof and of this Agreement, and which shall also include any replacement intercreditor agreement entered into in accordance with the terms hereof. 

“Accelerated Borrowing Base Delivery Event” means each of the following: (i) the occurrence of any Specified Event of Default,
or (ii) the failure of the Borrowers to maintain Availability at least equal to the greater of (a) twelve and one-half percent (12.5%) of the Loan Cap, and (b) $7,500,00010,000,000
, in either case, for five (5) consecutive Business Days. For purposes of this Agreement, the occurrence of an Accelerated Borrowing Base Delivery Event shall be deemed continuing (i) so long as
such Specified Event of Default has not been waived, and/or (ii) if the Accelerated Borrowing Base Delivery Event arises as a result of the Borrowers’ failure to achieve 

 

  
 -1- 

 Availability as required hereunder, until Availability has exceeded the greater of (a) twelve and
one-half percent (12.5%) of the Loan Cap, and
(b) 
$7,500,00010,000,000
 for twenty (20) consecutive calendar days (or such shorter period as the Agent may agree in its sole discretion), in which case an Accelerated Borrowing Base Delivery Event shall no longer be
deemed to be continuing for purposes of this Agreement. The termination of an Accelerated Borrowing Base Delivery Event as provided herein shall in no way limit, waive or delay the occurrence of a subsequent Accelerated Borrowing Base Delivery Event
in the event that the conditions set forth in this definition again arise. 
 “Acceptable Document of Title” means, with
respect to any Inventory of the Loan Parties which is in transit from a location outside of the United States to a location of the Loan Parties in the United States that is owned, leased or rented by a Loan Party, a non-negotiable seaway bill,
airway bill or other bill of lading that (a) is issued by a common carrier which is not an Affiliate of the any Loan Party which is in actual possession of such Inventory, (b) is issued to the order of a Loan Party or, if so requested by
the Agent after the occurrence and during the continuance of an Event of Default, to the order of the Agent, and (c) is not subject to any Lien (other than in favor of the Agent and Liens described in clauses (a), (b), (e) and (o) of
the definition of Permitted Encumbrances), and (d) is on terms otherwise reasonably acceptable to the Agent. 
 “Accommodation
Payment” has the meaning provided therefor in Section 10.21(c). 
 “Account” means “accounts” as
defined in the UCC, and also means a right to payment of a monetary obligation, whether or not earned by performance, (a) for property that has been or is to be sold, leased, licensed, assigned, or otherwise disposed of, (b) for services
rendered or to be rendered, or (c) arising out of the use of a credit or charge card or information contained on or for use with the card. 

“ACH” means automated clearing house transfers. 

“Acquisition” means, with respect to any Person (a) an investment or a purchase of a Controlling interest in the Equity
Interests of any other Person, (b) a purchase or other acquisition of all or substantially all of the assets or properties of, another Person or of any business unit of another Person, or (c) any merger or consolidation of such Person with
any other Person or other transaction or series of transactions resulting in the acquisition of all or substantially all of the assets, or a Controlling interest in the Equity Interests, of any Person, in each case (a) through (c) for
which the aggregate consideration payable exceeds $15,000,000 in any Fiscal Year (unless a Specified Event of Default then exists or would arise therefrom, in which case all such acquisitions regardless of amount shall be deemed an
“Acquisition”), in each case in any transaction or group of transactions which are part of a common plan. 
 “Additional
Commitment Lender” means each Person not then a Lender furnishing a Commitment and each existing Lender increasing its Commitment as provided in Section 2.15 or providing a Commitment having an Extended Maturity Date as provided in
Section 2.17. 
 “Additional Commitment” has the meaning provided therefor in Section 2.17(c). 

“Adjusted LIBOR Rate” means, with respect to any
LIBOR Borrowing for any Interest Period, an interest rate per annum (rounded upwards, if necessary, to the next 1/16th of one percent (1%)) equal to the LIBOR Rate for such Interest Period multiplied by the Statutory Reserve Rate. The Adjusted
LIBOR Rate will be adjusted automatically as to all LIBOR Borrowings then outstanding as of the effective date of any change in the Statutory Reserve Rate. 

  
 -2- 

 “Adjustment Date” means the first day of each Fiscal Quarter, commencing with the
first Fiscal Quarter to occur three months following the Third Amendment Effective Date. 
 “Administrative Questionnaire” means an Administrative
Questionnaire in a form supplied by the Agent. 

“Affected
 Financial Institution” means any EEA Financial Institution or UK Financial Institution. 

“Affiliate” means, with respect to any Person, (a) 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, (b) any director, officer, managing member, partner, trustee, or beneficiary of that Person, (c) any other Person directly or indirectly
holding 10% or more of any class of the Equity Interests of that Person, and (d) any other Person 10% or more of any class of whose Equity Interests is held directly or indirectly by that Person. 

“Agent” means Bank of America in its capacity as administrative agent and collateral agent under any of the Loan Documents, or any
successor thereto. 
 “Agent Parties” has the meaning provided therefor in Section 10.02(c). 

“Agent’s Office” means the Agent’s address and, as appropriate, account as set forth on Schedule 10.02, or such
other address or account as the Agent may from time to time notify the Lead Borrower and the Lenders. 
 “Aggregate Commitments”
means the sum of the Commitments. As of the Third Amendment Effective Date, the Aggregate Commitments are $70,000,000150,000,000. 

“Agreement” means this Credit Agreement. 

“Allocable Amount” has the meaning provided therefor in Section 10.21(d). 

“Applicable Lenders” means the Required Lenders, all affected Lenders, or all Lenders, as the context may require. 

“Applicable Margin” means: 

(a) from and after the
Third Amendment Effective Date until the first Adjustment Date,
the percentages set forth in Level II of the pricing grid below; and 
 (b) from and after the first Adjustment Date
and on each Adjustment Date thereafter, the Applicable Margin shall be determined from the following pricing grid based upon the Average Daily Availability as of the Fiscal Quarter ended immediately preceding such Adjustment Date; provided
that if any financial statements or any Borrowing Base Certificates are at any time restated or otherwise revised (including as a result of an audit) or if the information set forth in such financial statements or any Borrowing Base Certificates
otherwise proves to be false or incorrect such that the Applicable Margin would have been higher than was otherwise in effect during any period, without constituting a waiver of any Default or Event of Default arising as a result thereof, interest
due under this Agreement shall be immediately and retroactively recalculated at such higher rate for any applicable periods and shall be due and payable on demand (after netting out, during the same relevant period solely to the extent that 

  

-3- 

 
such period is not more than two Fiscal Quarters prior to the relevant date of adjustment, any payments of interest and fees paid during such period which have been determined to have been in
excess of what was owed by the Borrowers as a result of a proper calculation of the Average Daily Availability that would have resulted in lower pricing for such period). 
  

											
	 Level
	  	 Average Daily Availability
	  	LIBOR Margin for
Revolving Loans	 	 	Base Rate Margin for
Revolving Loans	 
	 I
	  	 Greater than or equal to

67% of the Aggregate

Commitments
	  	 	1.25	% 	 	 	0.25	% 
	 II
	  	 Less than 67% of the

Aggregate Commitments
 but greater
than or equal to
 33% of the Aggregate

Commitments
	  	 	1.50	% 	 	 	0.50	% 
	 III
	  	 Less than 33% of the

Aggregate Commitments
	  	 	1.75	% 	 	 	0.75	% 

 “Applicable Percentage” means, with respect to all of the Obligations (excluding Other Liabilities)
due to any Lender at any time, the percentage (carried out to the ninth decimal place) resulting from dividing (x) such Lender’s Commitment at such time (or if the commitments of each Lender to make Revolving Loans and the obligation of
the L/C Issuer to make L/C Credit Extensions have been terminated pursuant to Section 2.06 or Section 8.02 or if the Aggregate Commitments have expired, then the sum of the outstanding principal balance of the Revolving Loans
owing to such Lender plus the outstanding L/C Obligations owing to such Lender at such time), by (y) the Aggregate Commitments (or if the commitments of each Lender to make Revolving Loans and the obligation of the L/C Issuer to make L/C Credit
Extensions have been terminated pursuant to Section 2.06 or Section 8.02 or if the Aggregate Commitments have expired, then the Total Outstandings as of such time). The initial Applicable Percentage of each Lender is set
forth opposite the name of such Lender on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable. 

“Applicable Rate” means, at any time of calculation, (a) with respect to Commercial Letters of Credit, a per annum rate equal
to fifty percent (50%) of the Applicable Margin for LIBOR Rate Loans, and (b) with respect to Standby Letters of Credit, a per annum rate equal to the Applicable Margin for LIBOR Rate Loans. 

“Appraised Value” means, with respect to Inventory, the appraised orderly liquidation value, net of costs and expenses to be
incurred in connection with any such liquidation, which value is expressed as a percentage of Cost of Inventory as set forth in the inventory stock ledger of the Borrowers, which value shall be determined from time to time by the most recent
appraisal undertaken by an independent appraiser engaged by the Agent. 

  
 -4- 

 “Approved Fund” means any Fund that is administered or managed by (a) a
Lender, (b) an Affiliate of a Lender, (c) an entity or an Affiliate of an entity that administers or manages a Lender, or (d) the same investment advisor or an advisor under common control with such Lender, Affiliate or advisor, as
applicable. 
 “Arranger” means Bank of America and Wells Fargo, in their capacities as joint lead arrangers. 

“Assignee Group” means two or more Eligible Assignees that are Affiliates of one another or two or more Approved Funds managed by
the same investment advisor. 
 “Assignment and Assumption” means an assignment and assumption entered into by a Lender and an
Eligible Assignee (with the consent of any party whose consent is required by Section 10.06(b)), and accepted by the Agent, in substantially the form of Exhibit E or any other form (including electronic documentation generated by use of an electronic platform) approved by the Agent. 
 “Attributable Indebtedness” means, on any date, (a) in
respect of any Capital Lease Obligation of any Person, the capitalized amount thereof that would appear on a balance sheet of such Person prepared as of such date in accordance with GAAP, and (b) in respect of any Synthetic Lease Obligation of
any Person, the capitalized amount of the remaining lease or similar payments under the relevant lease or other applicable agreement or instrument that would appear on a balance sheet of such Person prepared as of such date in accordance with GAAP
if such lease, agreement or instrument were accounted for as a capital lease. 
 “Auto-Extension Letter of Credit” has the meaning
provided therefor in Section 2.03(b)(iii). 
 “Availability” means, as of any date of determination thereof by the
Agent, the result, if a positive number, of: 
 (a) Loan Cap 

minus 
 (b)
The Total Outstandings. 
 “Availability Period” means the period from and including the Closing Date to the earliest of
(a) the Maturity Date, (b) the date of termination of the Aggregate Commitments pursuant to Section 2.06, and (c) the date of termination of the Commitment of each Lender to make Loans and of the obligation of the L/C
Issuer to make L/C Credit Extensions pursuant to Section 8.02. 
 “Availability Reserves” means, without duplication
of any other Reserves or items that are otherwise addressed or excluded through eligibility criteria, and without duplication of any of the factors taken into account in determining the Appraised Value, such reserves as the Agent from time to time
determines in its Permitted Discretion as being appropriate (a) to reflect the impediments to the Agent’s ability to realize upon the Collateral or the amount that the Agent would likely receive upon the Liquidation of the Collateral,
(b) to reflect claims and liabilities that the Agent determines in its Permitted Discretion will need to be satisfied in connection with the realization upon the Collateral, (c) to reflect criteria, events, conditions, contingencies or
risks which adversely affect any component of the Borrowing Base, or the assets, business, financial performance or financial condition of any Loan Party, (d) to reflect any other circumstances which would likely adversely affect the value of the
Collateral, or (e) to reflect any circumstances which adversely affect the enforceability or priority of the Agent’s Liens 

  
 -5- 

 
on the Collateral. Without limiting the generality of the foregoing, Availability Reserves may include, in the Agent’s Permitted Discretion, (but are not limited to) reserves based on:
(i) rent; (ii) with respect to Eligible In-Transit Inventory, customs duties, and other costs to release Inventory which is being imported into the United States; (iii) outstanding Taxes and other governmental charges, including,
without limitation, ad valorem, real estate, personal property, sales, claims of the PBGC and other Taxes which may have priority over the interests of the Agent in the Collateral; (iv) salaries, wages and benefits due to employees of any Loan
Party; provided that no Availability Reserves on account of such salaries, wages and benefits shall be imposed unless a Cash Dominion Event has occurred and is continuing, (v) Customer Credit Liabilities, (vi) customer deposits,
(viii) reserves for reasonably anticipated changes in the Appraised Value between appraisals, (viii) warehousemen’s or bailee’s charges and other Permitted Encumbrances which may have priority over the interests of the Agent in
the Collateral, (ix) Cash Management Reserves, and (x) Bank Products Reserves; provided that no Bank Products Reserves on account of liabilities and obligations of the Loan Parties in respect of Swap Contracts owing to a Credit
Party shall be imposed unless Availability is less than twenty-five percent (25%) of the Borrowing Base. Upon the determination by the Agent, in its Permitted Discretion, that an Availability Reserve should be established or modified, the Agent
shall notify the Lead Borrower, to the extent required hereunder. The amount of any Availability Reserve established by the Agent shall have a reasonable relationship to the event, condition or other matter which is the basis for such reserve as
determined by the Agent in its Permitted Discretion. 

“Available
 Tenor” means, as of any date of determination and with respect to the then-current Benchmark, as applicable, (x) if the then -current Benchmark is a term rate, any tenor for such Benchmark that is or may be used for determining the length
of an Interest Period or (y) otherwise, any payment period for interest calculated with reference to such Benchmark, as applicable, pursuant to this Agreement as of such date. 

“Average Daily Availability” shall mean the average daily Availability for the immediately preceding Fiscal Quarter. 

“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 EEAAffected Financial Institution. 
 “Bail-In Legislation” means, with respect to
(a) 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, or (b) the United Kingdom, Part I of the United Kingdom Banking Act 2009 and any other law applicable in the United
Kingdom relating to the resolution of unsound or failing banks, investment firms or other financial institutions or their affiliates (other than through liquidation, administration or other insolvency proceedings). 
 “Bank of America” means Bank of America, N.A. and its successors. 

“Bank Products” means any services or facilities provided to any Loan Party or any Restricted Subsidiary thereof by the Agent, any
Lender, or any of their respective Affiliates, including, without limitation, on account of (a) Swap Contracts, (b) leasing, and (c) supply chain finance services (including, without limitation, trade payable services and supplier
accounts receivable purchases), but excluding Cash Management Services. 

  
 -6- 

 “Bank Product Reserves” means such reserves as the Agent from time to time
determine in its Permitted Discretion as being appropriate to reflect the liabilities and obligations of the Loan Parties with respect to Bank Products then provided or outstanding. 

“Base Rate” means for any day a fluctuating rate per annum equal to the highest of (a) the Federal Funds Rate plus 1/2 of 1%, (b) the rate of
interest in effect for such day as publicly announced from time to time by Bank of America as its “prime
rate,”; (b) the Federal Funds Rate for such day, plus 0.50%; and (c) the LIBOR Rate for a one month interest period as determined on such day, plus 1.00%. The “prime rate” is a rate set by
Bank of America based upon various factors including Bank of America’s costs and desired return, general economic conditions and other factors, and is used as a reference point for pricing some loans, which may be priced at, above, or below
such announced rate. Any change in such prime rate announced by Bank of America ’s prime rate, the Federal Funds Rate or the LIBOR Rate, respectively, shall take effect at the opening of business on the day specified in the public announcement of such change.
If the Base Rate is being used as an alternate rate of interest pursuant to Section 3.03 hereof, then the
Base Rate shall be the greater of clauses (a) and (b) above and shall be determined without reference to clause (c) above. 

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

“Benchmark”
 means, initially, LIBOR; provided that if a replacement of the Benchmark has occurred pursuant to Section 3.03(c) then “Benchmark” means the applicable Benchmark Replacement to the extent that such Benchmark Replacement has replaced
such prior benchmark rate. Any reference to “Benchmark” shall include, as applicable, the published component used in the calculation thereof. 

“Benchmark
 Replacement” means, for any Available Tenor: 
 (1) For purposes of Section 3.03(c)(i), the first alternative set forth below that can be determined by the Agent: 

(a) the sum
of: (i) Term SOFR and (ii) 0.11448% (11.448 basis points) for an Available Tenor of one-month’s duration, 0.26161% (26.161 basis points) for an Available Tenor of three-months’ duration, 0.42826% (42.826 basis points) for an Available
Tenor of six-months’ duration, and 0.71513% (71.513 basis points) for an Available Tenor of twelve-months’ duration, or 

(b) the sum
of: (i) Daily Simple SOFR and (ii) 0.11448% (11.448 basis points); 
 provided that, if initially LIBOR is replaced with the rate contained in clause (b) above (Daily Simple SOFR plus the
applicable spread adjustment) and subsequent to such replacement, the Agent determines that Term SOFR has become available and is administratively feasible for the Agent in its sole discretion, and the Agent notifies the Lead Borrower and each
Lender of such availability, then from and after the beginning of the Interest Period, relevant interest payment date or payment period for interest calculated, in each case, commencing no less than thirty (30) days after the date of such
notice, the Benchmark Replacement shall be as set forth in clause (a) above; and 

(2) For
purposes of Section 3.03(c)(ii), the sum of (a) the alternate benchmark rate and (b) an adjustment (which may be a positive or negative value or zero), in each case, that has been selected by the Agent and the Lead Borrower as the
replacement Benchmark giving due consideration to any evolving or then-prevailing market convention, including any applicable recommendations made by a Relevant Governmental Body, for U.S. dollar-denominated syndicated credit facilities at such
time; 

  
 -7- 

provided
that, if the Benchmark Replacement as determined pursuant to clause (1) or (2) above would be less than zero, the Benchmark Replacement will be deemed to be zero for the purposes of this Agreement and the other Loan Documents. 
  

Any
Benchmark Replacement shall be applied in a manner consistent with market practice; provided that to the extent such market practice is not administratively feasible for the Agent, such Benchmark Replacement shall be applied in a manner as otherwise
reasonably determined by the Agent. 
 “Benchmark Replacement Conforming Changes” means, with respect to any Benchmark Replacement, any technical,
administrative or operational changes (including changes to the definition of “Base Rate,” the definition of “Business Day,” the definition of “Interest Period,” timing and frequency of determining rates and making
payments of interest, timing of borrowing requests or prepayment, conversion or continuation notices, the applicability and length of lookback periods, the applicability of breakage provisions, and other technical, administrative or operational
matters) that the Agent decides may be appropriate to reflect the adoption and implementation of such Benchmark Replacement and to permit the administration thereof by the Agent in a manner substantially consistent with market practice (or, if the
Agent decides that adoption of any portion of such market practice is not administratively feasible or if the Agent determines that no market practice for the administration of such Benchmark Replacement exists, in such other manner of
administration as the Agent decides is reasonably necessary in connection with the administration of this Agreement and the other Loan Documents). 

“Benchmark
 Transition Event” means, with respect to any then-current Benchmark other than LIBOR, the occurrence of a public statement or publication of information by or on behalf of the administrator of the then-current Benchmark or a Governmental
Authority with jurisdiction over such administrator announcing or stating that all Available Tenors are or will no longer be representative, or made available, or used for determining the interest rate of loans, or shall or will otherwise cease,
provided that, at the time of such statement or publication, there is no successor administrator that is satisfactory to the Agent, that will continue to provide any representative tenors of such Benchmark after such specific date. 

“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 and subject to 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”. 

“BHC
Act Affiliate” of a party means an “affiliate” (as such term is defined under, and interpreted in accordance with, 12 U.S.C. 1841(k)) of such party. 

“BHC
Act Affiliate” of a party means an “affiliate” (as such term is defined under, and interpreted in accordance with, 12 U.S.C. 1841(k)) of such party. 

“Blocked Account” has the meaning provided therefor in Section 6.12(a)(ii). 

  
 -8- 

 “Blocked Account Agreement” means with respect to an account established by a Loan
Party, an agreement, in form and substance reasonably satisfactory to the Agent, establishing control (as defined in the UCC) of such account by the Agent and whereby the Blocked Account Bank agrees, upon the occurrence and during the continuance of
a Cash Dominion Event, to comply only with the instructions originated by the Agent without the further consent of any Loan Party. 

“Blocked Account Bank” means each bank or other financial institution with whom deposit accounts, securities accounts or commodities
accounts are maintained in which any funds of any of the Loan Parties from one or more DDAs are concentrated or proceeds of Collateral are maintained and with whom a Blocked Account Agreement has been, or is required to be, executed in accordance
with the terms hereof or the Security Agreement. 

“Board
of Directors” means, for any Person, the board of directors or other governing body of such Person or, if such Person does not have such a board of directors or other governing body and is owned or managed by a single entity, the Board of
Directors of such entity, or, in either case, any committee thereof duly authorized to act on behalf of such Board of Directors. Unless otherwise provided, “Board of Directors” means the Board of Directors of Holdings or the Borrower, as
the context may require. 
 “Bookrunning Manager” means Bank of
America and Wells Fargo, in their capacities as joint bookrunning manager. 
 “Borrower Materials” has the meaning provided
therefor in Section 6.02. 
 “Borrowers” has the meaning specified in the introductory paragraph hereto. 

“Borrowing” means a Revolving Borrowing or a Swing Line Borrowing, as the context may require. 

“Borrowing Base” means, at any time of calculation, an amount equal to: 

(a) the face amount of Eligible Credit Card Receivables multiplied by 90%; 

plus 
 (b)
the Cost of Eligible Inventory, net of Inventory Reserves, multiplied by 90% (provided that, during the Seasonal Overadvance Period, such advance rate shall be increased by the Seasonal Advance Rate Increase Percentage), multiplied
by the Appraised Value of such Eligible Inventory; 
 plus 

(c) subject to the last proviso of this definition below, the Cost of Eligible In-Transit Inventory, net of Inventory Reserves,
multiplied by 90% (provided that, during the Seasonal Overadvance Period, such advance rate shall be increased by the Seasonal Advance Rate Increase Percentage), multiplied by the Appraised Value of such Eligible In-Transit
Inventory; 
 minus 

(d) the amount of all Availability Reserves at such time; 

  
 -9- 

 
provided that in no event shall the amounts available to be borrowed against Eligible In-Transit Inventory hereunder exceed the In-Transit Cap. 

“Borrowing Base Certificate” means a certificate substantially in the form of Exhibit F hereto (with such changes therein as
may be required by the Agent to reflect the components of and reserves against the Borrowing Base as provided for hereunder from time to time), executed and certified as accurate and complete in all material respects by a Responsible Officer of the
Lead Borrower which shall include appropriate exhibits, schedules, supporting documentation, and additional reports as reasonably requested by the Agent. 

“Business Day” means any day other than a Saturday, Sunday or other day on which commercial banks are authorized to close under the
Laws of, or are in fact closed in, the state where the Agent’s Office is located and, if such day relates to any LIBOR Rate Loan, means any such day on which
dealings in Dollar deposits are conducted by and between banks in thethat is also a London interbank
marketBanking Day. 

“Capital Expenditures” means, with respect to any Person for any period, all expenditures paid in cash, in each case that are (or
should be) set forth as capital expenditures in a Consolidated statement of cash flows of such Person for such period, in each case prepared in accordance with GAAP, provided that “Capital Expenditures” shall not include
(a) any additions, replacements, restorations or substitutions to property, plant and equipment and other capital expenditures made with (i) the proceeds from any Permitted Disposition, to the extent that the proceeds therefrom are
utilized (or are contractually committed to be utilized) for capital expenditures within twelve (12) months of the receipt of such proceeds, (ii) proceeds of insurance settlements, condemnation awards and other settlements in respect of
lost, destroyed, damaged or condemned assets, equipment or other property to the extent such expenditures are made to replace or repair such lost, destroyed, damaged or condemned assets, equipment or other property or otherwise to acquire, maintain,
develop, construct, improve, upgrade or repair assets or properties useful in the business of the Loan Parties, or (iii) the proceeds of any Equity Interests issued or capital contributions received by any Loan Party or any Restricted
Subsidiary in connection with such capital expenditures, or (b) any expenditures that are (i) accounted for as capital expenditures of such person and that actually are paid for by a third party (excluding Holdings, the Borrowers or any
Subsidiary thereof) and for which neither Holdings, the Borrowers nor any Subsidiary has provided or is required to provide or incur, directly or indirectly, any consideration or obligation to such third party or any other person (whether before,
during or after such period) or (ii) financed with tenant improvement allowances (or similar real estate incentive programs), (c) interest capitalized during such period, (d) the purchase price of equipment purchased during such
period to the extent the consideration therefor consists of any combination of (i) used or surplus equipment traded in at the time of such purchase or (ii) the proceeds of a concurrent sale of used or surplus equipment, in each case, in
the ordinary course of business, (e) Investments in respect of a Permitted Acquisition. 
 “Capital Lease Obligations” means,
with respect to any Person for any period, 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 liabilities on a balance sheet of such Person under GAAP and the amount of which obligations shall be the capitalized amount thereof determined in accordance with GAAP. 

  
 -10- 

“Capital
Stock” means: 
 1. in
 the case of a corporation or exempted company, corporate stock or shares in the capital of such corporation or exempted company; 

2.
 in the case of an association or business entity, any and all shares, interests, participations, rights or
other equivalents (however designated) of corporate stock; 
 3. in the case of a partnership, exempted limited partnership or limited liability company, partnership or membership
interests (whether general or limited); and 
 4. any
 other interest or participation that confers on a Person the right to receive a share of the profits and losses of, or distributions of assets of, the issuing Person, but excluding from all of the foregoing any debt securities convertible into or
exchangeable for Capital Stock, whether or not such debt securities include any right of participation with Capital Stock. 

“Cash Collateral Account” means a non-interest bearing account established by one or more of the Loan Parties with Bank of America,
and in the name of, the Agent (or as the Agent shall otherwise direct) and under the sole and exclusive dominion and control of the Agent, in which deposits are required to be made in accordance with Section 2.03(g) or 8.02(c).

 “Cash Collateralize” means to deposit in the Cash Collateral Account or to pledge and deposit with or deliver to the Agent, for
the benefit of one or more of the Agent, the L/C Issuer or the Lenders, as collateral for L/C Obligations or obligations of the Lenders to fund participations in respect thereof (as the context may require), cash or deposit account balances or, if
the Agent and the L/C Issuer shall agree in their sole discretion, other credit support, in each case pursuant to documentation in form and substance reasonably satisfactory to the Agent and the L/C Issuer. “Cash Collateral” shall have a
meaning correlative to the foregoing and shall include the proceeds of such cash collateral and other credit support. 
 “Cash Dominion
Event” means either (a) the occurrence and continuance of any Specified Event of Default, or (b) the failure of the Borrowers to maintain Availability of at least the greater of (i) twelve and one-half percent (12.5%) of the
Loan Cap, and
(ii) 
$7,500,00010,000,000
, in either case, for five (5) consecutive Business Days. For purposes of this Agreement, the occurrence of a Cash Dominion Event shall be deemed continuing at the Agent’s option (a) so
long as such Specified Event of Default has not been waived, and/or (b) if the Cash Dominion Event arises as a result of the Borrowers’ failure to achieve Availability as required hereunder, until Availability has exceeded the greater of
(i) twelve and one-half percent (12.5%) of the Loan Cap, and (ii) $7,500,00010,000,000 for twenty (20) consecutive calendar days, in which case
a Cash Dominion Event shall no longer be deemed to be continuing for purposes of this Agreement. 
 “Cash Equivalents”
means any of the following: 
 (a) readily marketable obligations issued or directly and fully guaranteed or insured by the
United States of America or any agency or instrumentality thereof having maturities of not more than 360 days from the date of acquisition thereof; provided that the full faith and credit of the United States of America is pledged in support
thereof; 

  

-11- 

 (b) commercial paper issued by any Person organized under the laws of any
state of the United States of America and rated at least “Prime-1” (or the then equivalent grade) by Moody’s or at least “A-1” (or the then equivalent grade) by S&P, in each case with maturities of not more than 180 days
from the date of acquisition thereof; 
 (c) time deposits with, or insured certificates of deposit or bankers’
acceptances of, any commercial bank that (i) (A) is a Lender or (B) is organized under the laws of the United States of America, any state thereof or the District of Columbia or is the principal banking subsidiary of a bank holding
company organized under the laws of the United States of America, any state thereof or the District of Columbia, and is a member of the Federal Reserve System, (ii) issues (or the parent of which issues) commercial paper rated as described in
clause (b) of this definition and (iii) has combined capital and surplus of at least $1,000,000,000, in each case with maturities of not more than 180 days from the date of acquisition thereof; 

(d) Fully collateralized repurchase agreements with a term of not more than thirty (30) days for securities described in clause
(a) above (without regard to the limitation on maturity contained in such clause) and entered into with a financial institution satisfying the criteria described in clause (c) above or with any primary dealer and having a market value at
the time that such repurchase agreement is entered into of not less than 100% of the repurchase obligation of such counterparty entity with whom such repurchase agreement has been entered into; and 

(e) Investments, classified in accordance with GAAP as current assets of the Loan Parties, in any money market fund, mutual
fund, or other investment companies that are registered under the Investment Company Act of 1940, as amended, which are administered by financial institutions that have the highest rating obtainable from either Moody’s or S&P, and which
invest solely in one or more of the types of securities described in clauses (a) through (d) above. 
 “Cash Management
Reserves “ means such reserves as the Agent, from time to time, determines in its Permitted Discretion as being appropriate to reflect the reasonably anticipated liabilities and obligations of the Loan Parties with respect to Cash Management
Services then provided or outstanding. 
 “Cash Management Services” means any cash management services or facilities provided to
any Loan Party or any Restricted Subsidiary thereof by the Agent or any Lender or any of their respective Affiliates, including, without limitation, (a) ACH transactions, (b) controlled disbursement services, treasury, depository,
overdraft, and electronic funds transfer services, (c) credit card processing services, (d) foreign exchange facilities, (e) purchase cards and (f) credit or debit card services. 

“CERCLA” means the Comprehensive Environmental Response, Compensation, and Liability Act, 42 U.S.C. § 9601 et seq. 

“CERCLIS” means the Comprehensive Environmental Response, Compensation, and Liability Information System maintained by the United
States Environmental Protection Agency. 
 “CFC” means a Person that is a controlled foreign corporation under Section 957 of
the Code. 
 “Change in Law” means the occurrence, after the Closing Date, of any of the following: (a) the adoption or
taking effect of any law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation, implementation or application thereof by any Governmental Authority, or (c) the making or
issuance of any request, rule, guideline or directive (whether or not having the force of law) by any Governmental Authority requiring compliance by any of the Agent, any Lender, any L/C Issuer or the Swing Line Lender (or any lending office of such
Person or 

  
 -12- 

 
by such Person’s holding company, if any); provided that notwithstanding anything herein to the contrary, (x) the Dodd-Frank Wall Street Reform and Consumer Protection Act
and all requests, rules, guidelines or directives thereunder or issued in connection therewith and (y) all requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking
Supervision (or any successor or similar authority) or the United States 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
or issued. 
 “Change of Control” means an event or series of events by which: 

(a) at any time prior to the
creationconsummation
 of a Public
MarketQualifying IPO, the Permitted Holders shall
cease to own and control legally and beneficially, either directly or indirectly, equity securities in Holdings representing more than 50% of the combined voting power of all of Equity Interests entitled to vote for members of the boardBoard of
directorsDirectors
 or equivalent governing body of Holdings on a fully-diluted basis unless the Permitted Holders have, at such time, the right or the ability by voting power, contract or otherwise, to elect or
designate for election at least a majority of the
boardBoard
 of
directorsDirectors
 of the Holdings; or 
 (b) at any time after the creationconsummation
 of a Public
MarketQualifying IPO, any “person” or
“group” (as such terms are used in Sections 13(d) and 14(d) of the Securities Exchange Act
of 1934, but excluding any employee benefit plan of such person or its subsidiaries, and any person or entity acting in its capacity as trustee, agent or other fiduciary or administrator of any such plan), other than the Permitted Holders, becomes
the “beneficial owner” (as defined in Rules 13d-3 and 13d-5 under the Securities Exchange
Act of 1934, except that a person or group shall be deemed to have “beneficial ownership” of all securities that such person or group has the right to acquire, whether such right is exercisable immediately or only after the passage of time
(such right, an “option right”)), directly or indirectly, of (x) 35forty percent (40%) or more of the Equity Interests of Holdings entitled to vote for
members of the
boardBoard of
directorsDirectors or equivalent governing body of
Holdings on a fully-diluted basis (and taking into account all such Equity Interests that such “person” or “group” has the right to acquire pursuant to any option right), or (y) a percentage that is greater than the
percentage of the Equity Interests of Holdings entitled to vote for members of the boardBoard of directorsDirectors
 or equivalent governing body of Holdings that is then beneficially owned by the Permitted Holders; unless, in the case of either clause (x) or (y) above, the Permitted Holders have, at such time
and at all times thereafter, the right or the ability by voting power, contract or otherwise, to elect or designate for election at least a majority of the
boardBoard
 of
directorsDirectors
 of Holdings. 
 “Closing Date” means the closing date of the Existing Credit Agreement, which date is May 1, 2015. 

“Code” means the Internal Revenue Code of 1986, and the regulations promulgated thereunder, as amended and in effect. 

“Collateral” means any and all “Collateral” as defined in any applicable Security Document and all other property that is
or is intended under the terms of the Security Documents to be subject to Liens in favor of the Agent. 

  

-13- 

 “Collateral Access Agreement” means an agreement reasonably satisfactory in form
and substance to the Agent executed by (a) a bailee or other Person in possession of Collateral, or (b) any landlord of Real Estate leased by any Loan Party, pursuant to which each such Person described in clauses (a) or (b), as
applicable, (i) acknowledges the Agent’s Lien on the Collateral, (ii) releases or subordinates such Person’s Liens in the Collateral held by such Person or located on such Real Estate, (iii) provides the Agent with reasonable
access to the Collateral held by such bailee or other Person or located in or on such Real Estate, (iv) as to any landlord, provides the Agent with a reasonable time to sell and dispose of the Collateral from such Real Estate, and
(v) makes such other agreements with the Agent as the Agent may reasonably require. 
 “Collection Account” has the meaning
provided therefor in Section 6.12(c). 
 “Commercial Letter of Credit” means any letter of credit or similar
instrument issued for the purpose of providing the primary payment mechanism in connection with the purchase of any materials, goods or services by a Loan Party in the ordinary course of business of such Loan Party. 

“Commitment” means, as to each Lender, its obligation to (a) make Revolving Loans to the Borrowers pursuant to
Section 2.01, (b) purchase participations in L/C Obligations, and (c) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such
Lender’s name on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement. 

“Commitment Fee” has the meaning provided therefor in Section 2.09. 

“Commitment Fee Percentage” means, with respect to each Fiscal Quarter, (a) if the average daily Total Outstandings for the
immediately preceding Fiscal Quarter are greater than 50% of the Aggregate Commitments, 0.25% per annum, or (b) if the average daily Total Outstandings for the immediately preceding Fiscal Quarter are less than or equal to 50% of the
Aggregate Commitments, 0.375% per annum. 
 “Commodity Exchange Act” means the Commodity Exchange Act (7 U.S.C. § 1 et
seq.) 

“Communication”
 has the meaning specified in Section 10.24(b). 
 “Compliance
Certificate” means a certificate substantially in the form of Exhibit D. 
 “Confirmation and Ratification Agreement”
means that certain Confirmation and Ratification Agreement dated as of the Effective Date by and among the Loan Parties and the Agent. 

“Connection Income Taxes” means Other Connection Taxes that are imposed or measured by income (however denominated) or that are
franchise Taxes or branch profits Taxes, 
 “Consent” means actual consent given by a Lender from whom such consent is sought;
provided that after the passage of ten (10) Business Days from receipt of written notice to a Lender from the Agent of a proposed course of action to be followed by the Agent without such Lender giving the Agent written notice of that
Lender’s consent or objection to such course of action, such Lender shall be deemed to have withheld consent to such action. 

  
 -14- 

 “Consolidated” means, when used to modify a financial term, test, statement, or
report of a Person, the application or preparation of such term, test, statement or report (as applicable) based upon the consolidation, in accordance with GAAP, of the financial condition or operating results of such Person and its Subsidiaries.

 “Consolidated EBITDA” means, at any date of determination, an amount equal to Consolidated Net Income of the Lead Borrower and
its Restricted Subsidiaries on a Consolidated basis for the most recently completed Measurement Period, plus, without duplication,: 

(a) the following to the extent deducted in calculating such Consolidated Net Income: 

(i) Consolidated Interest Charges, 

(ii) the provision for Federal, state, local and foreign income Taxes, 

(iii) depreciation and amortization expense, 

(iv) non-cash charges and non-cash items for stock-based compensation or other non-cash equity based awards paid to officers,
directors or employees, 
 (v) management and transaction fees and expenses paid to Sponsor or its Affiliates to the extent
permitted under Section 7.09(e), 
 (vi) non-recurring expenses reducing such Consolidated Net Income in
connection with 
 (A) pension liabilities, and (B) tax payments payable in accordance with Accounting Standards
Codification 740-10, 
 (vii) non-recurring restructuring expenses reducing such Consolidated Net Income in an aggregate
amount not to exceed $3,000,000 for such Measurement Period, 
 (viii) any reasonable fees, expenses or charges related to
any issuance of Equity Interests (including pursuant to a Public
OfferingQualifying IPO) or the incurrence or
repayment of Indebtedness permitted to be incurred hereunder, including a Permitted Refinancing thereof, 
 (ix) [reserved]; 

(x) [reserved],
 
 (xi) reasonable cash expenses or cash charges arising from or
relating to Permitted Store Closings in an aggregate amount not to exceed $2,500,000 for such Measurement Period, 
 (xii)
any other non-cash expenses, charges, expenses, losses or items (including any write-offs or write-downs) reducing Consolidated Net Income for such period (provided that if any such non-cash charges represent an accrual or reserve for
potential cash items in any future period, (i) the Lead Borrower may determine not to add back such non-cash charge in the current period and (ii) to the extent the Lead Borrower does decide to add back such non-cash charge, the cash
payment in respect thereof in such future period shall be subtracted from Consolidated EBITDA to such extent, and excluding amortization of a prepaid cash item that was paid in a prior period), 

 

  
 -15- 

 (xiii) reasonable fees, costs and expenses incurred in connection with the
Transactions and the Third Amendment Effective Date Distribution,

 (xiv) the amount of any proceeds from business interruption insurance received during such period, to the extent
the associated losses arise out of the event that resulted in the payment of such business interruption insurance proceeds were included in computing such Consolidated Net Income and , 
 (xv) reasonable fees, costs and expenses in connection with any amendments,
consents or waivers under the Loan Documents or with respect to any Permitted Acquisition (whether or not consummated), 

(xvi) pro forma adjustments, including pro forma “run rate” cost savings, operating expense reductions and other
synergies (in each case, net of amounts actually realized) related to acquisitions, dispositions and other specified transactions, or related to restructuring initiatives, cost savings initiatives and other initiatives that are reasonably
identifiable and projected by the Lead Borrower in good faith to result from actions that have either been taken, with respect to which substantial steps have been taken or are that are expected to be taken within four fiscal quarters after the date
of consummation of such acquisition, disposition or other specified transaction or the initiation of such restructuring initiative, cost savings initiative or other initiatives (it is understood and agreed that “run-rate” means the full
recurring benefit for a period that is associated with any action taken, committed to be taken or with respect to which substantial steps have been taken or are expected to be taken); provided that amounts added back pursuant to this clause (xvi),
together with amounts added back pursuant to clauses (xvii) and (xviii), shall not exceed the greater of (x) $15,000,000 and (y) 20% of Consolidated EBITDA for such period calculated prior to giving effect to such add-backs and being
calculated on a pro forma basis provided further that such cap shall not apply to adjustments made in accordance with Regulation S-X, 

(xvii) costs, charges, reserves and expenses attributable to the undertaking and/or implementation of cost savings initiatives,
operating expense reductions and other synergies and similar initiatives and business optimization and other restructuring and integration charges, provided that amounts added back pursuant to this clause (xvii), together with amounts added back
pursuant to clauses (xvi) and (xviii), shall not exceed the greater of (x) $15,000,000 and (y) 20% of Consolidated EBITDA for such period calculated prior to giving effect to such add-backs and being calculated on a pro forma basis,

 (xviii) any net loss from operations expected to be disposed of, abandoned or discontinued within twelve months after the
end of such period, provided that amounts added back pursuant to this clause (xviii), together with amounts added back pursuant to clauses (xvi) and (xvii), shall not exceed the greater of (x) $15,000,000 and (y) 20% of Consolidated
EBITDA for such period calculated prior to giving effect to such add-backs and being calculated on a pro forma basis, and 

(ixx) reasonable fees, costs and expenses incurred in connection with any debt financing transaction or initial public
offeringQualifying IPO, (in each case for the
items described in this clause (a), of or by Lead Borrower and its Restricted Subsidiaries for such Measurement Period), minus 
  

  
 -16- 

	 	(b)	 the following to the extent included in calculating such Consolidated Net Income: 

(i) Federal, state, local and foreign income tax credits and 

(ii) all non-cash items increasing Consolidated Net Income which do not represent a cash item in such period or any future
period (in each case for the items described in this clause (b), of or by the Lead Borrower and its Subsidiaries for such Measurement Period), all as determined on a Consolidated basis in accordance with GAAP. 

For clarity, to the extent Restricted Payments made to Holdings pursuant to Sections 7.06(c) and 7.06(d) hereof are not deducted by the Lead
Borrower in the determination of Consolidated Net Income, such amounts may not be utilized to increase Consolidated Net Income for the purposes of calculating Consolidated EBITDA (notwithstanding that the payments made under Sections 7.06(c)
and 7.06(d) are of the type described in clause (a) of this definition). 
 “Consolidated Fixed Charge Coverage Ratio”
means, at any date of determination, the ratio of (a)(i) Consolidated EBITDA for the most recently completed Measurement Period minus (ii) Capital Expenditures paid in cash during such period (other than Financed Capital Expenditures), minus
(iii) the aggregate amount of Federal, state, local and foreign income taxes paid in cash during such period (but not less than zero) to (b) Debt Service Charges, of or by the Lead Borrower and its Restricted Subsidiaries for the most
recently completed Measurement Period, all as determined on a Consolidated basis in accordance with GAAP. 
 “Consolidated Interest
Charges” means, for any Measurement Period, the sum, without duplication, of (a) all interest, premium payments, debt discount, fees, charges and related expenses in connection with borrowed money (including capitalized interest) or in
connection with the deferred purchase price of assets, in each case to the extent treated as interest in accordance with GAAP, including, without limitation, all commissions, discounts and other fees and charges owed with respect to letters of
credit and bankers’ acceptance financing and net costs under Swap Contracts, but excluding any non-cash or deferred interest financing costs and net of interest income, and (b) the portion of rent expense with respect to such period under
Capital Lease Obligations that is treated as interest in accordance with GAAP, in each case of or by the Lead Borrower and its Restricted Subsidiaries for the most recently completed Measurement Period, all as determined on a Consolidated basis in
accordance with GAAP. 
 “Consolidated Net Income” means, as of any date of determination, the net income of the Lead Borrower and
its Restricted Subsidiaries for the most recently completed Measurement Period, all as determined on a Consolidated basis in accordance with GAAP, provided, however, that there shall be excluded, without duplication, : 
 (a) extraordinary gains and extraordinary losses for such Measurement Period, 

(b) the income (or loss) of any Restricted Subsidiary during such Measurement Period in which any other Person has a joint interest, except to
the extent of the amount of cash dividends or other distributions actually paid in cash to the Lead Borrower or another Loan Party during such period, 

(c) the income (or loss) of such Restricted Subsidiary during such Measurement Period and accrued prior to the date it becomes a Restricted
Subsidiary of the Lead Borrower or any of its Restricted Subsidiaries or is merged into or consolidated with the Lead Borrower or any of its Restricted Subsidiaries or that Person’s assets are acquired by the Lead Borrower or any of its
Restricted Subsidiaries, 

  
 -17- 

 (d) the income of any direct or indirect Restricted Subsidiary of the Lead Borrower to the
extent that the declaration or payment of dividends or similar distributions by that Restricted Subsidiary of that income is not at the time permitted by operation of the terms of its Organization Documents or any agreement, instrument, judgment,
decree, order, statute, rule or governmental regulation applicable to that Restricted Subsidiary, except that the Lead Borrower’s equity in any net loss of any such Restricted Subsidiary for such Measurement Period shall be included in
determining Consolidated Net Income, and 

(e) the cumulative effect of any change in accounting principles, including any increase in amortization or depreciation, any adjustments to
inventory basis or rent expenses or any one-time charges resulting from purchase accounting in connection with any Permitted
Acquisition; and 

(f) Public
Company Costs (including any costs and expense of any directors of any Parent Company following a Qualifying IPO). 

“Consolidated Total Debt” means, as of any date of determination, (a) the aggregate principal amount of Indebtedness of the
Borrowers and their Restricted Subsidiaries outstanding on such date, determined on a consolidated basis in accordance with GAAP (but excluding the effects of any discounting of Indebtedness resulting from the application of purchase accounting in
connection with any Permitted Acquisition), consisting of Indebtedness described in clauses (a), (b) and (c) of the definition thereof minus (b) without duplication, the aggregate amount of all cash and Cash Equivalents
included in the consolidated balance sheet of the Borrowers and their Restricted Subsidiaries as of such date that are not listed as “restricted” for purposes of GAAP, which aggregate amount of cash and Cash Equivalents shall be determined
without giving pro forma effect to the proceeds of Indebtedness incurred on such date; provided that, Consolidated Total Debt will not include Indebtedness that is non-recourse to the Borrowers and the Restricted Subsidiaries and Indebtedness in
respect of any (1) letter of credit, except to the extent of obligations in respect of drawn standby letters of credit which have not been reimbursed within three (3) Business Days and (2) Swap Obligations, except any unpaid
termination payments thereunder. The Dollar-equivalent principal amount of any Indebtedness denominated in a foreign currency will reflect the currency translation effects, determined in accordance with GAAP, of Swap Obligations for currency
exchange risks with respect to the applicable currency in effect on the date of determination of the Dollar-equivalent principal amount of such Indebtedness. 

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

“Controlled
 Investment Affiliate” means, as to any Person, any other Person, other than any Investor, which directly or indirectly is in control of, is controlled by, or is under common control with such Person and is organized by such Person (or any
Person controlling such Person) primarily for making direct or indirect equity or debt investments in the Borrower or other companies. 

 

  
 -18- 

 “Convert”, “Conversion” and “Converted” each refers to a
conversion of Revolving Loans of one Type into Revolving Loans of the other Type. 
 “Cost” means the lower of cost or market
value of Inventory, based upon the Borrowers’ accounting practices, known to the Agent, which practices are in effect on the Closing Date as such calculated cost is determined from invoices received by the Borrowers, the Borrowers’
purchase journals or the Borrowers’ stock ledger. “Cost” does not include inventory capitalization costs used in the Borrowers’ calculation of cost of goods sold. 

“Covenant Compliance Event” means the failure of the Borrowers to maintain Specified Availability of at least the greater of
(i) ten percent (10%) of the Loan Cap, and
(ii) 
$5,000,0007,000,000
. For purposes hereof, the occurrence of a Covenant Compliance Event shall be deemed continuing if the Covenant Compliance Event arises as a result of the Borrowers’ failure to achieve
Availability as required hereunder, until Specified Availability has exceeded the greater of (i) ten percent (10%) of the Loan Cap, and
(ii) 
$5,000,0007,000,000
 for twenty (20) consecutive calendar days, in which case a Covenant Compliance Event shall no longer be deemed to be continuing for purposes of this Agreement. The termination of a Covenant
Compliance Event as provided herein shall in no way limit, waive or delay the occurrence of a subsequent Covenant Compliance Event in the event that the conditions set forth in this definition again arise. 

“Covered Entity”
 means any of the following: (i) a “covered entity” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 252.82(b); (ii) a “covered bank” as that term is defined in, and interpreted in
accordance with, 12 C.F.R. § 47.3(b); or (iii) a “covered FSI” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 382.2(b). 

“Covered Party”
 has the meaning specified in Section 10.27. 
 “Credit Card Issuer”
shall mean any person (other than a Borrower, another Loan Party or Restricted Subsidiary thereof) who issues or whose members issue credit cards, including, without limitation, MasterCard or VISA bank credit or debit cards or other bank credit or
debit cards issued through MasterCard International, Inc., Visa, U.S.A., Inc. or Visa International and American Express, Discover, Diners Club, JCB, and other non-bank credit or debit cards, including, without limitation, credit or debit cards
issued by or through American Express Travel Related Services Company, Inc., Alliance Data Systems Corporation and other issuers approved by the Agent. 

“Credit Card Processor” shall mean any servicing or processing agent or any factor or financial intermediary (including, without
limitation, Alliance Data Systems Corporation) who facilitates, services, processes or manages the credit authorization, billing transfer and/or payment procedures with respect to any Borrower’s sales transactions involving credit card or debit
card purchases by customers using credit cards or debit cards issued by any Credit Card Issuer. 
 “Credit Card Notifications” has
the meaning provided therefor in Section 6.12(a)(i). 
 “Credit Card Receivables” means each “payment
intangible” (as defined in the UCC) together with all income, royalties, payments and proceeds thereof, owed by a Credit Card Issuer or Credit Card Processor to a Loan Party resulting from charges by a customer of a Loan Party on credit or
debit cards issued by such Credit Card Issuer in connection with the sale of goods by a Loan Party, or services performed by a Loan Party or otherwise relating to credit or debit cards or related services, in each case in the ordinary course of its
business. 

  
 -19- 

 “Credit Extensions” mean each of the following: (a) a Borrowing and
(b) an L/C Credit Extension. 
 “Credit Party” or “Credit Parties” means (a) individually, (i) each
Lender and its Affiliates, (ii) the Agent, (iii) each L/C Issuer, (iv) the Arranger and the Bookrunning Manager, (v) each beneficiary of each indemnification obligation undertaken by any Loan Party under any Loan Document,
(vi) any other Person to whom Obligations under this Agreement and other Loan Documents are owing, and (vii) the successors and assigns of each of the foregoing, and (b) collectively, all of the foregoing. 

“Credit Party Expenses” means (a) all reasonable and documented out-of-pocket expenses incurred by the Agent, MLPFS and their
respectiveits Affiliates, in connection with this
Agreement and the other Loan Documents, including without limitation (i) the reasonable fees, charges and disbursements of (A) counsel for the Agent
and MLPFS, (B) outside consultants for the Agent, (C) appraisers, (D) commercial
finance examiners, and (E) all such reasonable and documented out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect of the Obligations, and (F) environmental site assessments, (ii) in connection
with (A) the syndication of the credit facilities provided for herein, (B) the preparation, negotiation, administration, management, execution and delivery of this Agreement and the other Loan Documents or any amendments, modifications or
waivers of the provisions thereof (whether or not the transactions contemplated hereby or thereby shall be consummated), (C) the enforcement or protection of the Credit Parties’ rights in connection with this Agreement or the Loan
Documents or efforts to preserve, protect, collect, or enforce the Collateral or in connection with any proceeding under any Debtor Relief Laws, or (D) any workout, restructuring or negotiations in respect of any Obligations, and (iii) all
customary fees and charges (as adjusted from time to time) of the Agent with respect to the disbursement of funds (or the receipt of funds) to or for the account of Borrowers (whether by wire transfer or otherwise), together with any out-of-pocket
costs and expenses incurred in connection therewith, and (b) with respect to the L/C Issuer, and its Affiliates, all reasonable and documented out-of-pocket expenses incurred by the L/C Issuer and its Affiliates in connection with the issuance,
amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder; and (c) all reasonable and documented out-of-pocket expenses incurred by the Credit Parties who are not the Agent, MLPFS, the L/C Issuer or any Affiliate of any of them, including in the course of any work-out or restructuring of
the Loans or other Obligations during the pendency, after the occurrence and during the continuance of any Event of Default, provided that, such Credit Parties shall be entitled to reimbursement for no more than one counsel representing all such
Credit Parties (absent a conflict of interest in which case the Credit Parties may engage and be reimbursed for additional counsel). 

“Cure Amount” has the meaning specified in Section 8.04(1). 

“Cure Deadline” has the meaning specified in Section 8.04(1). 

“Cure Right” has the meaning specified in Section 8.04(1). 

“Customer Credit Liabilities” means at any time, the aggregate remaining value at such time of (a) outstanding gift certificates and
gift cards of the Borrowers entitling the holder thereof to use all or a portion of the certificate or gift card to pay all or a portion of the purchase price for any Inventory, and (b) outstanding merchandise credits of the Borrowers. 

“Customs Broker/Carrier Agreement” means an agreement in form and substance reasonably satisfactory to the Agent among a Loan Party,
a customs broker, freight forwarder, consolidator, or other carrier, and the Agent, in which the customs broker, freight forwarder, consolidator, or other carrier 
  

  
 -20- 

 acknowledges that it has control over and holds the documents evidencing ownership of the subject Inventory
for the benefit of the Agent and agrees, upon notice from the Agent, to hold and dispose of the subject Inventory and other property solely as directed by the Agent; it being agreed that the Agent shall only give such notice after the occurrence and
during the continuance of an Event of Default. 

“Daily
Simple SOFR” with respect to any applicable determination date means the secured overnight financing rate (“SOFR”) published on such date by the Federal Reserve Bank of New York, as the administrator of the benchmark (or a successor
administrator) on the Federal Reserve Bank of New York’s website (or any successor source). 

“DDA” means each checking, savings or other demand deposit account maintained by any of the Loan Parties. All funds in each DDA
shall be conclusively presumed to be Collateral and proceeds of Collateral and the Agent and the Lenders shall have no duty to inquire as to the source of the amounts on deposit in any DDA. 

“Debt Service Charges” means for any Measurement Period, the sum of (a) Consolidated Interest Charges paid in cash or required
to be paid in cash in respect of debt for borrowed money (including Capital Lease Obligations) for such Measurement Period (excluding all upfront and closing fees paid on the Closing Date, the Effective Date and the Third Amendment Effective Date under, or in connection with, this Agreement), plus (b) scheduled principal
payments paid in cash or required to be paid in cash on account of Indebtedness (excluding the Obligations and any Synthetic Lease Obligations but including, without limitation, Capital Lease Obligations) for such Measurement Period, in each case
determined on a Consolidated basis in accordance with GAAP. 
 “Debtor Relief Laws” means the Bankruptcy Code of the United
States, and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of the United States or other applicable
jurisdictions from time to time in effect and affecting the rights of creditors generally. 
 “Default” means any event or
condition that constitutes an Event of Default or that, with the giving of any notice, the passage of time, or both, would be an Event of Default. 

“Default Rate” means (a) when used with respect to Loans, an interest rate equal to the interest rate (including the then
Applicable Margin) otherwise applicable to such Loan plus two percent (2%) per annum, (b) when used with respect to Letter of Credit Fees, a rate equal to the Applicable Rate for Standby Letters of Credit or Commercial Letters of Credit,
as applicable, plus two percent (2%) per annum, and (c) with respect to all other Obligations (excluding Other Liabilities), an interest rate equal to the Base Rate, plus the then Applicable Margin for Base Rate Loans, plus two percent
(2%) per annum. 

“Default Right”
 has the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. §§ 252.81, 47.2 or 382.1, as applicable. 

“Defaulting Lender” means, subject to Section 2.16(b), any Lender that (a) has failed to (i) fund all or any
portion of its Loans within two (2) Business Days of the date such Loans were required to be funded hereunder, or (ii) pay to the Agent, the L/C Issuer, the Swing Line Lender or any other Lender any other amount required to be paid by it
hereunder (including in respect of its participation in Letters of Credit or Swing Line Loans) within two (2) Business Days of the date when due, (b) has notified the Lead Borrower, the Agent, the L/C Issuer or the Swing Line Lender in
writing that it does not intend to comply with its funding obligations hereunder, or has made a public statement to that effect, (c) has failed, within three (3) Business Days after written request by the Agent or the Lead Borrower, to

  

  
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confirm in writing to the Agent and the Lead Borrower that it will comply with its prospective funding obligations hereunder (provided that such Lender shall cease to be a Defaulting Lender
pursuant to this clause (c) upon receipt of such written confirmation by the Agent and the Lead Borrower), or (d) has, or has a direct or indirect parent company that has, (i) become the subject of a proceeding under any Debtor Relief
Law, (ii) had appointed for it a receiver, custodian, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its business or assets, including the Federal
Deposit Insurance Corporation or any other state or federal regulatory authority acting in such a capacity, or (iii) become the subject of a Bail-In Action; provided that a Lender shall not be a Defaulting Lender solely by virtue of the
ownership or acquisition of any Equity Interest in that Lender or any direct or indirect parent company thereof by a Governmental Authority so long as such ownership interest does not result in or provide such Lender with immunity from the
jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements
made with such Lender. Any determination by the Agent that a Lender is a Defaulting Lender under any one or more of clauses (a) through (d) above, and of the effective date of such status, shall be conclusive and binding absent manifest
error, and such Lender shall be deemed to be a Defaulting Lender (subject to Section 2.16(b)) as of the date established therefor by the Agent in a written notice of such determination, which shall be delivered by the Agent to the Lead
Borrower, the L/C Issuer, the Swing Line Lender and each other Lender promptly following such determination. 
 “Designated
Jurisdiction” means any country or territory to the extent that such country or territory is the subject of comprehensive Sanctions, at the time of this Agreement including Cuba, Iran, North Korea, Sudan, Syria, or the Crimea region of Ukraine.

 “Designated Non-Cash Consideration” means the fair market value of non-cash consideration received by the Borrowers or a
Restricted Subsidiary in connection with a Disposition that is so designated as Designated Non-Cash Consideration pursuant to an officer’s certificate, setting forth the basis of such valuation, less the amount of cash or Cash
Equivalents received in connection with a subsequent sale, redemption or repurchase of or collection or payment on such Designated Non-Cash Consideration. 

“Disposition” or “Dispose” means the sale, transfer, license, lease or other disposition (including any sale and leaseback
transaction), whether in one transaction or in a series of transactions and whether effected pursuant to a Division or
otherwise, of any property (including, without limitation, any Equity Interests) by any Person (or the granting of any option or other right to do any of the foregoing), including any sale,
assignment, transfer or other disposal, with or without recourse, of any notes or accounts receivable or any rights and claims associated therewith. 

“Disqualified Lender” means (a) any competitor of Holdings or the Lead Borrower or its Subsidiaries identified by or on behalf
of the Lead Borrower or the Sponsor to (i) the Arrangers from time to time on or prior to the Effective Date or (ii) the Agent from time to time after the Effective Date, (b) those particular banks, financial institutions, other
institutional lenders and other Persons identified by or on behalf of the Lead Borrower or the Sponsor to the Arrangers prior to the Effective Date and (c) any Affiliate of the entities described in the preceding clauses (a) or
(b) (excluding, in the case of clause (a), bona fide debt funds) that are either readily identifiable as such on the basis of their name or are identified as such in writing by or on behalf of the Lead Borrower or the Sponsor to (i) the
Arrangers on or prior to the Effective Date or (ii) the Agent from time to time after the Effective Date; it being understood and agreed that the identification of any Person as a Disqualified Lender after the Effective Date shall not apply to
retroactively disqualify any Person that has previously acquired an assignment or participation interest in any Loan until such time such Person no longer constitutes a Lender. The identity of Disqualified Lenders shall be made available upon
request, but not posted or distributed, to all Lenders and prospective assignees. 

  
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 “Disqualified Stock” means any Equity Interest that, by its terms (or by the terms
of any security into which it is convertible, or for which it is exchangeable, in each case at the option of the holder thereof), or upon the happening of any event, matures or is mandatorily redeemable, pursuant to a sinking fund obligation or
otherwise, or redeemable at the option of the holder thereof, in whole or in part, on or prior to the date that is ninety-one (91) days after the
Latest Maturity Date; provided, however, that
(a) only the portion of such Equity Interests which so matures or is mandatorily redeemable, is so convertible or exchangeable or is so redeemable at the option of the holder thereof prior to such date shall be deemed to be Disqualified Stock,
(b) with respect to any Equity Interests issued to any employee or to any plan for the benefit of employees of Holdings or its Subsidiaries or by any such plan to such employees, such Equity Interest shall not constitute Disqualified Stock
solely because it may be required to be repurchased by Holdings or one of its Subsidiaries in order to satisfy applicable statutory or regulatory obligations or as a result of such employee’s termination, resignation, death or disability, and
(c) if any class of Equity Interest of such Person that by its terms authorizes such Person to satisfy its obligations thereunder solely by delivery of an Equity Interest that is not Disqualified Stock, such Equity Interests shall not be deemed to
be Disqualified Stock. Notwithstanding the preceding sentence, any Equity Interest that would constitute Disqualified Stock solely because the holders thereof have the right to require a Loan Party to repurchase such Equity Interest upon the
occurrence of a change of control or an asset sale shall not constitute Disqualified Stock. The amount of Disqualified Stock deemed to be outstanding at any time for purposes of this Agreement will be the maximum amount that Holdings and its
Subsidiaries may become obligated to pay upon maturity of, or pursuant to any mandatory redemption provisions of, such Disqualified Stock or portion thereof, plus accrued dividends. 

“Dividing
 Person” has the meaning assigned to it in the definition of “Division.” 

“
Division” means the division of the assets, liabilities and/or obligations of a Person (the “Dividing
Person”) among two or more Persons (whether pursuant to a “plan of division” or similar arrangement), which may or may not include the Dividing Person and pursuant to which the Dividing Person may or may not survive. 
 “Dollars” and “$” mean lawful money of the United States. 

“Domestic Subsidiary” means any Subsidiary that is organized under the laws of the United States, any State thereof or the District
of Columbia (excluding, for the avoidance of doubt, any Subsidiary organized under the laws of Puerto Rico or any other territory). 
 “Early Opt-in Effective Date” means, with respect to any Early Opt-in Election, the sixth (6th) Business Day
after the date notice of such Early Opt-in Election is provided to the Lenders, so long as the Agent has not received, by 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the date notice of such Early Opt-in Election is
provided to the Lenders, written notice of objection to such Early Opt-in Election from Lenders comprising the Required Lenders. 

“Early
Opt-in Election” means the occurrence of: 
 (1) a determination by the Agent, or a notification by the Lead Borrower to the Agent that the Lead Borrower has made a determination, that U.S. dollar-denominated syndicated credit facilities currently being
executed, or that include language similar to that contained in Section 3.03(c), are being
executed or amended (as applicable) to incorporate or adopt a new benchmark interest rate to replace LIBOR,
and 

  
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(2) the joint
election by the Agent and the Lead Borrower to replace LIBOR with a Benchmark Replacement and the provision
by the Agent of written notice of such election to the Lenders. 
 “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. 

“Effective Date” means the first date all the
conditions precedentOctober 23, 2017. 

“Electronic
 Copy” has the meaning specified in Section 4.01 are satisfied or waived in accordance
with10.24(b). 

“Electronic
 Record” has the meaning specified in Section 10.0110.24. 

“Electronic
 Signature” has the meaning specified in Section 10.24. 

“Eligible Assignee” means (a) a Lender or any of its Affiliates; (b) a bank, insurance company, or company engaged in the
business of making commercial loans, which Person, together with its Affiliates, has a combined capital and surplus in excess of $250,000,000; (c) an Approved Fund; (d) any Person to whom a Credit Party assigns its rights and obligations
under this Agreement as part of an assignment and transfer of such Credit Party’s rights in and to a material portion of such Credit Party’s portfolio of asset based credit facilities; and (e) any other Person (other than a natural
Person) satisfying the requirements of Section 10.06(b) hereof; provided that notwithstanding the foregoing, “Eligible Assignee” shall not include a Disqualified Lender, a Permitted Holder, a Loan Party or any of their
respective Affiliates or Subsidiaries. 
 “Eligible Credit Card Receivables” means at the time of any determination thereof, each
Credit Card Receivable that satisfies the following criteria at the time of creation and continues to meet the same at the time of such determination: such Credit Card Receivable (i) has been earned by performance and represents the bona fide
amounts due to a Borrower from a Credit Card Issuer or Credit Card Processor, and in each case is originated in the ordinary course of business of such Borrower, and (ii) in each case is acceptable to the Agent in its Permitted Discretion, and
is not ineligible for inclusion in the calculation of the Borrowing Base pursuant to any of clauses (a) through (i) below. Without limiting the foregoing, to qualify as an Eligible Credit Card Receivable, such Credit Card Receivable shall
indicate no Person other than a Borrower as payee or remittance party. In determining the amount to be so included, the face amount of a Credit Card Receivable shall be reduced by, without duplication, to the

  
 -24- 

 
extent not reflected in such face amount, (i) the amount of all accrued and actual discounts, claims, credits or credits pending, promotional program allowances, price adjustments, finance
charges or other allowances (including any amount that a Borrower may be obligated to rebate to a customer, a Credit Card Issuer or Credit Card Processor pursuant to the terms of any agreement or understanding (written or oral)) and (ii) the
aggregate amount of all cash received in respect of such Credit Card Receivable but not yet applied by the Loan Parties to reduce the amount of such Credit Card Receivable. Except as otherwise agreed by the Agent in its Permitted Discretion, any
Credit Card Receivable included within any of the following categories shall not constitute an Eligible Credit Card Receivable: 

(a) Credit Card Receivables which do not constitute a “payment intangible” (as defined in the UCC); 

(b) Credit Card Receivables that have been outstanding for more than five (5) Business Days from the date of sale; 

(c) Credit Card Receivables (i) that are not subject to a perfected first-priority security interest in favor of the
Agent, or (ii) with respect to which a Borrower does not have good and valid title thereto, free and clear of any Lien (other than Liens granted to the Agent pursuant to the Security Documents); 

(d) Credit Card Receivables which are disputed, are with recourse, or with respect to which a claim, counterclaim, offset or
chargeback has been asserted (to the extent of such claim, counterclaim, offset or chargeback); 
 (e) Credit Card
Receivables as to which a Credit Card Issuer or a Credit Card Processor has the right under certain circumstances to require a Loan Party to repurchase the Credit Card Receivables from such Credit Card Issuer or Credit Card Processor; 

(f) Credit Card Receivables due from a Credit Card Issuer or a Credit Card Processor of the applicable credit card which (i) is the subject of any bankruptcy or insolvency
proceedingsproceeding under any Debtor Relief Law or (ii) is a target of Sanctions; 
 (g) Credit Card Receivables which are not a valid, legally enforceable
obligation of the applicable Credit Card Issuer or a Credit Card Processor with respect thereto; 
 (h) Credit Card
Receivables which do not conform to all representations, warranties or other provisions in the Loan Documents relating to Credit Card Receivables; or 

(i) Credit Card Receivables which the Agent determines in its Permitted Discretion to be uncertain of collection or which do
not meet such other reasonable eligibility criteria for Credit Card Receivables as the Agent may determine in its Permitted Discretion. 

“Eligible In-Transit Inventory” means, as of any date of determination thereof, without duplication of other Eligible Inventory,
In-Transit Inventory: 
 (a) which has been received in a foreign location by a freight forwarder as consolidator acting on
behalf of, and as agent for, a Borrower and which has been shipped from a foreign location for receipt by a Borrower, but which has not yet been delivered to such Borrower, which In-Transit Inventory is scheduled for delivery within fifty
(50) days or less from the date of determination with respect to Inventory; 

  
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 (b) for which the purchase order is in the name of a Borrower and title and
risk of loss has passed to such Borrower; 
 (c) for which an Acceptable Document of Title has been issued, and in each case
as to which the Agent has control (as defined in the UCC) over the documents of title which evidence ownership of the subject Inventory (including by the delivery of a Customs Broker/Carrier Agreement or as otherwise agreed by the Agent in its
Permitted Discretion); 
 (d) which is insured to the reasonable satisfaction of the Agent (including, without limitation, pursuant to marine cargo insurance and/or stock throughput insurance);

 (e) for which either payment of the purchase price has been made by a Borrower, the purchase price is supported by
a Commercial Letter of Credit or the purchase price is on terms consistent with past practices of such Borrower and not overdue; and 

(f) which otherwise would constitute Eligible Inventory; 

provided that the Agent may, in its Permitted Discretion, either establish an Inventory Reserve or exclude any particular Inventory from
the definition of “Eligible In-Transit Inventory” in the event the Agent reasonably determines that such Inventory is subject to any Person’s right of reclamation, repudiation, stoppage in transit or any event has occurred or is
reasonably anticipated by the Agent to arise which may otherwise materially adversely impact the value of such Inventory or the ability of the Agent to realize upon such Inventory. 

“Eligible Inventory” means, as of the date of determination thereof, without duplication, items of Inventory of a Borrower that are
finished goods, merchantable and readily saleable to the public in the ordinary course of the Borrowers’ business deemed by the Agent in its Permitted Discretion to be eligible for inclusion in the calculation of the Borrowing Base, in each
case that, except as otherwise agreed by the Agent, (i) comply in all material respects with each of the representations and warranties respecting Inventory made by the Borrowers in the Loan Documents, and (ii) are not excluded as
ineligible by virtue of one or more of the criteria set forth below. Except as otherwise agreed by the Agent in its Permitted Discretion, the following items of Inventory shall not be included in Eligible Inventory: 

(a) Inventory that is not solely owned by a Borrower or a Borrower does not have good and valid title thereto free and clear of
any Lien (other than Liens granted to the Agent pursuant to the Security Documents, or any other Permitted Encumbrance described in clauses (a), (b), (e), and (o) of such definition); 

(b) Inventory that is leased by or is on consignment to a Borrower or which is consigned by a Borrower to a Person which is not
a Loan Party; 
 (c) Inventory (other than Eligible In-Transit Inventory) that is not located in the United States (excluding
territories or possessions of the United States) or Puerto Rico; 
 (d) Inventory that is not located at a location that is
owned or leased by a Borrower, except (i) Inventory in transit between such owned or leased locations, or (ii) to the extent that the Borrowers have furnished the Agent with (A) any UCC financing statements or other documents that the
Agent may determine to be necessary to perfect its security interest in such Inventory at such location, and (B) a Collateral Access Agreement executed by the Person owning any such location; 

  
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 (e) Inventory that is located in a distribution center, warehouse or other
bailee location leased by a Borrower unless the applicable lessor has delivered to the Agent a Collateral Access Agreement or the Agent has waived such requirement in writing in its Permitted Discretion; 

(f) without duplication of any of the factors taken into account in determining Appraised Value, Inventory that is comprised of
goods which (i) are damaged, defective, “seconds,” or otherwise unmerchantable, (ii) are to be returned to the vendor, (iii) are obsolete or slow moving, or work-in-process, raw materials, or that constitute samples, spare
parts, promotional, marketing, labels, bags and other packaging and shipping materials or supplies used or consumed in a Borrower’s business, (iv) not in compliance in all material respects with all standards imposed by any Governmental
Authority having regulatory authority over such Inventory, its use or sale, or (v) are bill and hold goods; 
 (g)
Inventory that is not subject to a perfected first-priority security interest in favor of the Agent (other than Permitted Encumbrances described in clauses (a), (b), (e) or (o) of such definition); 

(h) Inventory that is not insured in compliance with the provisions of Section 5.09 hereof; 

(i) Inventory that has been sold but not yet delivered or as to which a Borrower has accepted a deposit; 

(j) Inventory that is subject to any licensing, patent, royalty, trademark, trade name or copyright agreement with any third
party as to which any Borrower or any of its Subsidiaries has received notice from such third party of a dispute in respect of any such agreement or a breach of any such agreement; or 

(k) Inventory acquired in a Permitted Acquisition or which is not of the type usually sold in the ordinary course of the
Borrowers’ business, unless and until the Agent has completed or received (A) an appraisal of such Inventory from appraisers reasonably satisfactory to the Agent and establishes Inventory Reserves (if applicable) therefor, and otherwise
agrees that such Inventory shall be deemed Eligible Inventory, and (B) such other due diligence as the Agent may reasonably require, all of the results of the foregoing to be reasonably satisfactory to the Agent. 

“Environmental Laws” means any and all Federal, state, local, and foreign statutes, laws, regulations, ordinances, rules, judgments,
orders, decrees, permits, concessions, grants, franchises, licenses, agreements or governmental restrictions relating to pollution and the protection of the environment or the release of any Hazardous Materials into the environment, including those
related to hazardous substances or wastes, air emissions and discharges to waste or public systems. 
 “Environmental Liability”
means any liability, obligation, damage, loss, claim, action, suit, judgment, order, fine, penalty, fee, expense, or cost, contingent or otherwise (including any liability for damages, costs of environmental remediation, fines, penalties or
indemnities), of any Borrower, any other Loan Party or any of their respective Subsidiaries directly or indirectly resulting from or based upon (a) violation of any Environmental Law, (b) the generation, use, handling, transportation, storage,
treatment or disposal or presence of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the release or threatened release of any Hazardous Materials into the environment or (e) any contract, agreement or other
consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing. 

  
 -27- 

 “Equipment” has the meaning set forth in the UCC and shall also mean all
furniture, store fixtures, motor vehicles, rolling stock, machinery, office equipment, plant equipment, tools, dies, molds, and other goods, property, and assets which are used and/or were purchased for use in the operation or furtherance of a Loan
Party’s business, and any and all accessions or additions thereto, and substitutions therefor. 
 “Equity Interests” means,
with respect to any Person, all of the shares of capital
stockCapital Stock of (or other ownership or
profit interests in) such Person, all of the warrants, options or other rights for the purchase or acquisition from such Person of shares of capital
stockCapital Stock of (or other ownership or
profit interests in) such Person, all of the securities convertible into or exchangeable for shares of capital stockCapital Stock of (or other ownership or profit interests in) such Person
or warrants, rights or options for the purchase or acquisition from such Person of such shares (or such other interests), and all of the other ownership or profit interests in such Person (including partnership, member or trust interests therein),
whether voting or non-voting, and whether or not such shares, warrants, options, rights or other interests are outstanding on any date of determination. 

“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) under common control with any Borrower within the
meaning of Section 414(b) or (c) of the Code (and Sections 414(m) and (o) of the Code for purposes of provisions relating to Section 412 of the Code). 

“ERISA Event” means (a) a Reportable Event with respect to a Pension Plan, other than those disclosed on Schedule 5.11
as of the Third Amendment Effective Date; (b) the withdrawal
of any Borrower or any ERISA Affiliate from a Pension Plan subject to Section 4063 of ERISA during a plan year in which such entity was a “substantial employer” as defined in Section 4001(a)(2) of ERISA or a cessation of
operations that is treated as such a withdrawal under Section 4062(e) of ERISA; (c) a complete or partial withdrawal by any Borrower or any ERISA Affiliate from a Multiemployer Plan or notification that a Multiemployer Plan is in
reorganization; (d) the filing of a notice of intent to terminate a Pension Plan or Multiemployer Plan, or the treatment of a Pension Plan or Multiemployer Plan amendment as a termination under Section 4041 or 4041A of ERISA; (e) the
institution by the PBGC of proceedings to terminate a Pension Plan or Multiemployer Plan; (f) any event or condition which constitutes grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to
administer, any Pension Plan; (g) the determination that any Pension Plan is considered an at-risk plan or a Multiemployer Plan is in endangered or critical status within the meaning of Sections 430, 431 and 432 of the Code or Sections 303, 304
and 305 of ERISA; or (h) the imposition of any liability under Title IV of ERISA (other than with respect to contributions not yet due), other than for PBGC premiums due but not delinquent under Section 4007 of ERISA, upon any Borrower or
any ERISA Affiliate. 
 “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. 

  
 -28- 

 “Event of Default” has the meaning provided therefor in Section 8.01.
An Event of Default shall be deemed to be continuing unless and until that Event of Default has been duly waived as provided in Section 10.01 hereof. 

“Exchange
 Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations of the SEC promulgated thereunder. 

“Excluded Accounts” means any payroll, employee benefits, workers compensation, trust and tax withholding accounts funded by the
Loan Parties in the ordinary course of business. 

“Excluded
 Contribution” means net cash proceeds or the fair market value of marketable securities or the fair market value of Qualified Proceeds received by the Borrower from: 

(1)
contributions to its common equity capital; 
 (2) dividends, distributions, fees and other payments from any joint ventures that are not Restricted Subsidiaries;
and 

(3) the sale
(other than to a Restricted Subsidiary of the Borrower or to any management equity plan or stock option plan or any other management or employee benefit plan or agreement of the Borrower) of Capital Stock (other than Disqualified Stock) of the
Borrower. 
 “Excluded Subsidiary” means any Foreign Subsidiary, any
Foreign Subsidiary Holding Company, any Immaterial Subsidiary and any Unrestricted Subsidiary. 
 “Excluded Swap Obligation”
means, with respect to any Loan Party, any Swap Obligation if, and to the extent that, all or a portion of the Guarantee of such Loan Party of, or the grant under a Loan Document by such Loan Party of a security interest to secure, such Swap
Obligation (or any Guarantee thereof) is or becomes illegal under the Commodity Exchange Act (or the application or official interpretation thereof) by virtue of such Loan Party’s failure for any reason to constitute an “eligible contract
participant” as defined in the Commodity Exchange Act (determined after giving effect to Section 10.25 and any and all guarantees of such Loan Party’s Swap Obligations by other Loan Parties) at the time the Guarantee of such
Loan Party, or grant by such Loan Party of a security interest, becomes effective with respect to such Swap Obligation. If a Swap Obligation arises under a Master Agreement governing more than one Swap Contract, such exclusion shall apply only to
the portion of such Swap Obligation that is attributable to Swap Contracts for which such Guaranty or security interest becomes illegal. 

“Excluded Taxes” means any of the following Taxes imposed on or with respect to any Recipient or required to be withheld or deducted
from a payment to a Recipient, (a) Taxes imposed on or measured by net income (however denominated), franchise Taxes, and branch profits Taxes, in each case, (i) imposed as a result of such Recipient being organized under the laws of, or
having its principal office or, in the case of any Lender, its Lending Office located in, the jurisdiction imposing such Tax (or any political subdivision thereof) or (ii) that are Other Connection Taxes, (b) U.S. federal withholding Taxes
imposed on amounts payable to or for the account of such Recipient with respect to an applicable interest in a Loan or Commitment (or other interest) pursuant to a law in effect on the date on which (i) such Recipient acquires such interest in
the Loan or Commitment (other than pursuant to an assignment request by the Lead Borrower under Section 10.13) or (ii) such Recipient changes its Lending Office, except in each case to the extent that, pursuant to
Section 3.01(a)(ii) or (c), amounts with respect to such Taxes were payable either to such Recipient’s assignor immediately before such Recipient became a party hereto or to such Recipient immediately before it changed its
Lending Office, (c) Taxes attributable to such Recipient’s failure to comply with Section 3.01(e), (d) any U.S. federal withholding Taxes imposed pursuant to FATCA, and (e) any back-up withholding Taxes. 

  
 -29- 

 “Executive Order” has the meaning provided therefor in Section 10.18.

 “Existing Credit Agreement” has the meaning given to such term in the introductory paragraph to this Agreement. 

“Existing Letters of Credit” means those certain
Letters of Credit issued and outstanding as of the Effective Date pursuant to the Existing Credit Agreement, as more fully described on Schedule 1.03 hereto. 

“Expected Cure Amount” has the meaning specified in Section 8.04(2). 

“Extended Maturity Date” means the date that each of the Agent, the Lead Borrower and each Extending Lender agree in accordance with
Section 2.17. 
 “Extended Commitments” has the meaning provided therefor in Section 2.17(a). 

“Extending Lender” has the meaning provided therefor in Section 2.17(b). 

“Extension Amendment” has the meaning provided therefor in Section 2.17(d). 

“Extension Election” has the meaning provided therefor in Section 2.17(b). 

“Extension Request” has the meaning provided therefor in Section 2.17(a). 

“Extension Series” has the meaning provided therefor in Section 2.17(a). 

“Facility Guaranty” means the Guaranty made by the Guarantors in favor of the Agent and the other Credit Parties, in form reasonably
satisfactory to the Agent. 
 “FATCA” means Sections 1471 through 1474 of the Code, as of the date of this Agreement (or any
amended or successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof, any applicable intergovernmental agreements that implement any of
the foregoing, and any agreements entered into pursuant to Section 1471(b)(1) of the Code and any fiscal or
regulatory legislation, rules or practices adopted pursuant to any intergovernmental agreement, treaty or convention among Governmental Authorities entered into in connection with the implementation of the foregoing. 
 “Federal Funds Rate” means, for any day, the rate per annum equal tocalculated
by the weighted average of the rates on overnight FederalFederal Reserve Bank of New York based on such day’s federal funds
transactions with members
of by depository institutions (as determined in such manner as the Federal Reserve System arranged by Federal funds brokers on such day, asBank of New York shall set forth on its public website from time to time) and published
byon the Federal Reserve Bank of New York on the Business Day next succeeding such dayBusiness Day by
the Federal Reserve Bank of New York as the federal funds effective rate ; provided that
(a) if such day is not a Business Day,
the Federal Funds Rate for such day shall be such rate on such transactions on the next preceding Business Day as so published on the next succeeding Business
Day, and (b) if no such rate is so published on such next succeeding Business Day, the Federal Funds Rate
foras so determined would be less than zero, such
dayrate
 shall be the average rate (rounded upward, if necessary, to a whole multiple of 1/100 of 1%) charged to Bank of
America on such day on such transactions as determined by the Agentdeemed to be zero for purposes of this
Agreement. 

  
 -30- 

 “Fee
LetterLetters
 “ means, collectively, (i) the Fee Letter, dated October 23, 2017, among the Borrowers and the Agent, and acknowledged by
MLPFS(ii) the Third Amendment Fee Letter, in each case, as amended, restated, amended and restated,
supplemented or otherwise modified from time to time in accordance with the terms thereof. 

“FILO Tranche” has the meaning specified in Section 2.15(f). 

“Financed Capital Expenditures” shall mean, with respect to any Person and for any period, Capital Expenditures made by such Person
during such period that are financed with the proceeds of Indebtedness (other than Credit Extensions) or net proceeds of any Disposition, net proceeds of any casualty event, any incurrence of Indebtedness (other than Credit Extensions) or any
issuance of Equity Interests (other than Disqualified Stock or any other issuance of Equity Interests which increases any available basket hereunder). 

“Financial Covenant” means the covenant specified in Section 7.15. 

“First Amendment Effective Date” means
June 14, 2019. 
 “Fiscal Month” means each monthly
accounting period of the Lead Borrower calculated in accordance with the National Retail Federation calendar. 
 “Fiscal Quarter”
means each quarterly accounting period of the Lead Borrower consisting of successive 13-week periods (each such 13 week period to begin on a Sunday and end on a Saturday) of the Lead Borrower of any Fiscal Year; provided that for any 53-week
Fiscal Year, the last Fiscal Quarter of such Fiscal Year shall consist of the successive 14-week period from and including the first day after the third Fiscal Quarter of such Fiscal Year through and including the last day of such Fiscal Year. 

“Fiscal Year” means the annual accounting period of
Borrowersthe Lead
Borrower ending on the Saturday nearest to January 31st in each calendar year. 

“Foreign AssetAssets Control Regulations” has the meaning provided therefor in
Section 10.18. 
 “Foreign Lender” means any Lender that is not a “United States person” within the
meaning of Section 7701(a)(30) of the Code. 
 “Foreign Subsidiary” means any Subsidiary that is (i) a CFC, or
(ii) a direct or indirect Subsidiary of a CFC. 
 “Foreign Subsidiary Holding Company” means any Subsidiary, substantially
all of the assets of which are Equity interests of one or more Foreign Subsidiaries. 
 “Foreign Vendor” means a Person that sells
In-Transit Inventory to a Borrower. 
 “FRB” means the Board of Governors of the Federal Reserve System of the United States. 

  
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 “Fronting Exposure” means, at any time there is a Defaulting Lender, (a) with
respect to the L/C Issuer, such Defaulting Lender’s Applicable Percentage of the outstanding L/C Obligations other than L/C Obligations as to which such Defaulting Lender’s participation obligation has been reallocated to other Lenders or
Cash Collateralized in accordance with the terms hereof, and (b) with respect to the Swing Line Lender, such Defaulting Lender’s Applicable Percentage of Swing Line Loans other than Swing Line Loans as to which such Defaulting
Lender’s participation obligation has been reallocated to other Lenders in accordance with the terms hereof. 
 “Fund” means
any Person (other than a natural person) that is (or will be) engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its business. 

“GAAP” means generally accepted accounting principles in the United States set forth in the opinions and pronouncements of the
Accounting Principles Board and the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or such other principles as may be approved by a significant segment of the
accounting profession in the United States, that are applicable to the circumstances as of the date of determination, consistently applied. 

“Governmental Authority” means the government of the United States or any other nation, or of 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 bodies such as the European Union or the European Central Bank). 
 “Guarantee” means, as
to any Person, (a) any obligation, contingent or otherwise, of such Person guaranteeing or having the economic effect of guaranteeing any Indebtedness or other obligation payable or performable by another Person (the “primary
obligor”) in any manner, whether directly or indirectly, and including any obligation of such Person, direct or indirect, (i) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other
obligation, (ii) to purchase or lease property, securities or services for the purpose of assuring the obligee in respect of such Indebtedness or other obligation of the payment or performance of such Indebtedness or other obligation, (iii) to
maintain working capital, equity capital or any other financial statement condition or liquidity or level of income or cash flow of the primary obligor so as to enable the primary obligor to pay such Indebtedness or other obligation, or
(iv) entered into for the purpose of assuring in any other manner the obligee in respect of such Indebtedness or other obligation of the payment or performance thereof or to protect such obligee against loss in respect thereof (in whole or in
part), or (b) any Lien on any assets of such Person securing any Indebtedness or other obligation of any other Person, whether or not such Indebtedness or other obligation is assumed by such Person (or any right, contingent or otherwise, of any
holder of such Indebtedness to obtain any such Lien), provided that the term “Guarantee” shall not include endorsements for collection or deposit in the ordinary course of business. The amount of any Guarantee shall be deemed to be
an amount equal to the stated or determinable amount of the related primary obligation, or portion thereof, in respect of which such Guarantee is made or, if not stated or determinable, the maximum reasonably anticipated liability in respect thereof
as determined by the guaranteeing Person in good faith. Notwithstanding the foregoing, “Guarantee” shall not include liabilities for indemnities under laws, contracts, arrangements and agreements incurred in the ordinary course of business
(including liabilities for director, officer, employee and agent indemnification obligations). The term “Guarantee” as a verb has a corresponding meaning. 

“Guarantor” means, collectively, (a) Holdings and each Subsidiary of Holdings (other than any Excluded Subsidiary) existing on
the Closing Date and each other Subsidiary of Holdings that shall be required to execute and deliver a Facility Guaranty pursuant to Section 6.11, and (b) with respect to Other Liabilities owing by any Loan Party or any of its
Restricted Subsidiaries and any Swap Obligation of a Specified Loan Party (determined before giving effect to Section 1 of the Facility Guaranty and Section 10.25 hereof) under the Facility Guaranty, each Borrower. 

  
 -32- 

 “Hazardous Materials” means all explosive or radioactive substances or wastes and
all hazardous or toxic substances, wastes or other pollutants, including petroleum or petroleum distillates, asbestos or asbestos-containing materials, polychlorinated biphenyls, radon gas, infectious or medical wastes and all other substances or
wastes of any nature regulated pursuant to any Environmental Law. 
 “Holdings”means Torrid Inc., a Delaware corporation, and the owner of 100% of the issued and outstanding Equity Interests in the Lead Borrowerhas the meaning specified in the introductory paragraph hereto.

 “Honor Date” has the meaning provided therefor in Section 2.03(c)(i). 

“Hot Topic Tri-Party Agreement” means that certain Agreement dated as of the Closing Date by and among the Loan Parties, Hot Topic,
Inc. and certain of its Affiliates, and the Agent, as confirmed and ratified pursuant to the Confirmation and
Ratification Agreement and the Third Amendment Confirmation and Ratification Agreement. 

“Immaterial Subsidiary” means, on any date, any Subsidiary of Holdings that is not a Material Domestic Subsidiary or Material
Foreign Subsidiary. 

“Immediate
 Family Members” means with respect to any individual, such individual’s child, stepchild, grandchild or more remote descendant, parent, stepparent, grandparent, spouse, former spouse, qualified domestic partner, sibling, mother-in-law,
father-in-law, son-in-law and daughter-in-law (including, in each case, adoptive relationships) and any trust, partnership or other bona fide estate-planning vehicle the only beneficiaries of which are any of the foregoing individuals or any private
foundation or fund that is controlled by any of the foregoing individuals or any donor-advised fund of which any such individual is the donor. 

“Impacted
 Loans” has the meaning specified in Section 3.03(a). 
 “Increase
Effective Date” has the meaning provided therefor in Section 2.15(d). 
 “Indebtedness” means, as to any Person
at a particular time, without duplication, all of the following, whether or not included as indebtedness or liabilities in accordance with GAAP: 

(a) all obligations of such Person for borrowed money and all obligations of such Person evidenced by bonds, debentures, notes,
loan agreements or other similar instruments; 
 (b) the maximum amount of all direct or contingent obligations of such
Person arising under letters of credit (including standby and commercial), bankers’ acceptances, bank guaranties, surety bonds and similar instruments; 

(c) net obligations of such Person under any Swap Contract; 

  
 -33- 

 (d) all obligations of such Person to pay the deferred purchase price of
property or services (other than trade accounts payable in the ordinary course of business not past due for more than ninety (90) days after the date on which such trade account payables were created); 

(e) indebtedness (excluding prepaid interest thereon) secured by a Lien on property owned or being purchased by such Person
(including indebtedness arising under conditional sales or other title retention agreements), whether or not such indebtedness shall have been assumed by such Person or is limited in recourse; provided that, other than for purposes of
calculating the Consolidated Fixed Charge Coverage Ratio, if such Person has not assumed or otherwise become liable for such indebtedness, such indebtedness shall be measured at the fair market value of such property securing such indebtedness at
the time of determination; 
 (f) all Attributable Indebtedness of such Person; 

(g) all obligations of such Person to purchase, redeem, retire, defease or otherwise make any payment in respect of any Equity
Interest in such Person or any other Person prior to the date that is 91 days after the scheduledLatest Maturity Date (including, without limitation, Disqualified Stock
but excluding any tax distributions required to be made with respect to entities that are treated as partnerships or disregarded entities for federal income tax purposes), or any warrant, right or option to acquire such Equity Interest, valued, in
the case of a redeemable preferred interest, at the greater of its voluntary or involuntary liquidation preference plus accrued and unpaid dividends; and 

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

For all purposes hereof, the Indebtedness of any Person shall include the Indebtedness of any partnership or joint venture (other than a joint
venture that is itself a corporation or limited liability company) in which such Person is a general partner or a joint venturer, unless such Indebtedness is expressly made non-recourse to such Person. The amount of any net obligation under any Swap
Contract on any date shall be deemed to be the Swap Termination Value thereof as of such date. 
 “Indemnified Taxes” means
(a) Taxes, other than Excluded Taxes, imposed on or with respect to any payment made by or on account of any obligation of any Loan Party under any Loan Document and (b) to the extent not otherwise described in clause (a), Other Taxes. 

“Indemnitees” has the meaning provided therefor in Section 10.04(b). 

“Independent Assets or Operations” means, with respect to any Parent Company, that Parent Company’s’ total assets,
revenues, income from continuing operations before income taxes and cash flows from operating activities (excluding in each case amounts related to its investment in the Lead Borrower and its Subsidiaries), determined in accordance with GAAP and as
shown on the most recent balance sheet of such Parent Company, is more than 3.0% of such Parent Company’s corresponding consolidated amount. 

“Information” has the meaning provided therefor in Section 10.07. 

“Initial Maturity Date” has the meaning provided therefor in the definition of “Maturity Date”. 

  
 -34- 

 “Intellectual Property” means all present and future: trade secrets, know-how and
other proprietary information; trademarks, trademark applications, internet domain names, service marks, trade dress, trade names, business names, designs, logos, slogans (and all translations, adaptations, derivations and combinations of the
foregoing) indicia and other source and/or business identifiers, and all registrations or applications for registrations which have heretofore been or may hereafter be issued thereon throughout the world; copyrights and copyright applications;
(including copyrights for computer programs) and all tangible and intangible property embodying the copyrights, unpatented inventions (whether or not patentable); patents and patent applications; industrial design applications and registered
industrial designs; license agreements related to any of the foregoing and income therefrom; books, records, writings, computer tapes or disks, flow diagrams, specification sheets, computer software, source codes, object codes, executable code,
data, databases and other physical manifestations, embodiments or incorporations of any of the foregoing; all other intellectual property; and all common law and other rights throughout the world in and to all of the foregoing. 

“Intercompany Subordinated Indebtedness” means
that certain Subordinated Indebtedness in the aggregate principal amount of $45,000,000 pursuant to that certain promissory note dated as of the Closing Date, made by Holdings in favor of Torrid Holding LLC, a Delaware limited liability company
(“TopCo”), which Indebtedness is subordinated to the Obligations pursuant to the Intercompany Subordination Agreement. 

“Intercompany Subordination Agreement” means that
certain Subordination Agreement dated as of the Closing Date, by and among the Loan Parties and TopCo and acknowledged by the Agent, as confirmed and ratified pursuant to the Confirmation and Ratification Agreement. 
 “Interest Payment Date” means, (a) as to any LIBOR Rate Loan, the last day of
each Interest Period applicable to such Loan and the Maturity Date; provided, however, that if any Interest Period for a LIBOR Rate Loan exceeds three months, the respective dates that fall every three months after the beginning of such Interest
Period shall also be Interest Payment Dates; and (b) as to any Base Rate Loan (including a Swing Line Loan), the first Business Daycalendar day of each month and the Maturity Date. 

“Interest Period” means, as to each LIBOR Rate Loan, the period commencing on the date such LIBOR Rate Loan is disbursed or
Converted to or continued as a LIBOR Rate Loan and ending on the date one, three or six (or, to the extent available to all Lenders, twelve) months thereafter, as selected by the Lead Borrower in its Revolving Loan Notice; provided that: 

(i) any Interest Period that would otherwise end on a day that is not a Business Day shall be extended to the next succeeding
Business Day unless such Business Day falls in another calendar month, in which case such Interest Period shall end on the next preceding Business Day; 

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

(iii) no Interest Period shall extend beyond the Maturity Date; and 

(iv) notwithstanding the provisions of clause (iii), no Interest Period shall have a duration of less than one (1) month,
and if any Interest Period applicable to a LIBOR Borrowing would be for a shorter period, such Interest Period shall not be available hereunder. 

  

-35- 

 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. 
 “Internal Control
Event” means a material weakness in, or fraud that involves management or other employees who have a significant role in, the Lead Borrower’s and/or its Subsidiaries’ internal controls over financial reporting. 

“In-Transit Cap” means twenty percent (20%) of the Borrowing Base (calculated without inclusion of amounts described in clause
(d) of the definition thereof). 
 “In-Transit Inventory” means Inventory of a Borrower which is in the possession of a
common carrier and is in transit from a Foreign Vendor of a Borrower from a location outside of the continental United States to a location of a Borrower that is within the continental United States. 

“Inventory” has the meaning given that term in the UCC, and shall also include, without limitation, all: (a) goods which
(i) are leased by a Person as lessor, (ii) are held by a Person for sale or lease or to be furnished under a contract of service, (iii) are furnished by a Person under a contract of service, or (iv) consist of raw materials, work
in process, or materials used or consumed in a business; (b) goods of said description in transit; (c) goods of said description which are returned, repossessed or rejected; and (d) packaging, advertising, and shipping materials
related to any of the foregoing. 
 “Inventory Reserves” means, without duplication of any other Reserves or items that are
otherwise addressed or excluded through eligibility criteria, and without duplication of any of the factors taken into account in determining “Appraised Value”, such reserves as may be established from time to time by the Agent in its
Permitted Discretion with respect to the determination of the saleability, at retail, of the Eligible Inventory, which reflect such other factors as affect the market value of the Eligible Inventory or which reflect claims and liabilities that the
Agent determines in its Permitted Discretion will need to be satisfied in connection with the realization upon the Inventory. Without limiting the generality of the foregoing, Inventory Reserves may, in the Agent’s Permitted Discretion, include
(but are not limited to) reserves based on: 
 (a) obsolescence; 

(b) seasonality; 

(c) Shrink; 

(d) imbalance; 

(e) change in Inventory character; 

(f) change in Inventory composition; 

(g) change in Inventory mix; 

(h) mark-downs (both permanent and point of sale); and 

  

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 (i) retail mark-ons and mark-ups inconsistent with prior period practice and
performance, industry standards, current business plans or advertising calendar and planned advertising events. 
 Upon the determination by any Agent, in
its Permitted Discretion, that an Inventory Reserve should be established or modified, such Agent shall notify the Lead Borrower to the extent required hereunder. 

“Investment” means, as to any Person, any direct or indirect acquisition or investment by such Person, whether by means of
(a) the purchase or other acquisition of Equity Interests of another Person, (b) a loan, advance or capital contribution to, Guarantee or assumption of debt of, or purchase or other acquisition of any other debt or interest in, another Person,
or (c) any Acquisition. For purposes of covenant compliance, the amount of any Investment shall be the amount actually invested, without adjustment for subsequent increases or decreases in the value of such Investment. 

“Investors”
 means (a) the Sponsor and (b) other investors that, directly or indirectly, beneficially own Capital Stock in Holdings on the Closing Date. 

“IPO
Entity” means, at any time upon and after a Qualifying IPO, Holdings or any Parent Company, the Equity Interests of which were issued or otherwise sold pursuant to such Qualifying IPO; provided that, immediately following such Qualifying
IPO, the Lead Borrower is a direct or indirect wholly owned Subsidiary of such IPO Entity and such IPO Entity owns, directly or through its subsidiaries, substantially all the businesses and assets owned or conducted, directly or indirectly, by the
Lead Borrower immediately prior to such Qualifying IPO. 
 “IPO Reorganization Transaction” means any re-organization or other similar activities among any Parent Company,
Holdings, the Lead Borrower and the Restricted Subsidiaries in connection with and reasonably related to consummating a Qualifying IPO, so long as, after giving effect thereto, (a) the Loan Parties are in compliance with Section 6.11,
(b) taken as a whole, the value of the Collateral securing the Obligations and the Guarantees by the Guarantors of the Obligations are not materially reduced or impaired and (c) the Liens in favor of the Agent for the benefit of the Credit
Parties under the Security Documents are not materially impaired. 

“IRS” means the United States Internal Revenue Service. 

“ISP” means, with respect to any Letter of Credit, the “International Standby Practices 1998” published by the Institute
of International Banking Law & Practice (or such later version thereof as may be in effect at the time of issuance). 

“Issuer Documents” means with respect to any Letter of Credit, the Letter Credit Application, and any other document, agreement and
instrument entered into by the L/C Issuer and any Borrower (or any other Loan Party) or in favor the L/C Issuer and relating to any such Letter of Credit. 

“Joinder Agreement” means an agreement, in form reasonably satisfactory to the Agent pursuant to which, among other things, a Person
becomes a party to, and bound by the terms of, this Agreement and/or the other Loan Documents in the same capacity and to the same extent as either a Borrower or a Guarantor, as the Agent may reasonably determine. 

  

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 “Junior Indebtedness” means any Indebtedness for borrowed money of any Loan Party
in an amount greater than $10,000,000 that is unsecured or secured on the Collateral on a junior basis to the Liens securing the Obligations of such Loan Party arising under the Loan Documents. For the avoidance of doubt, the Term Loan Facility
shall not constitute Junior Indebtedness. 
 “Landlord Lien State” means such states in which a landlord’s claim for rent may
have priority over the Lien of the Agent in any of the Collateral. 
 “Latest Maturity Date” means, at any date of determination,
the latest Maturity Date applicable to any Loan or Commitment hereunder at such time, including the latest termination date of any Extended Commitment or Additional Commitment, as applicable, as extended in accordance with this Agreement from time
to time. 
 “Laws” means, collectively, all international, foreign, Federal, state and local statutes, treaties, rules,
guidelines, regulations, ordinances, codes and administrative or judicial precedents or authorities, including the interpretation or administration thereof by any Governmental Authority charged with the enforcement, interpretation or administration
thereof, and all applicable administrative orders, directed duties, requests, licenses, authorizations and permits of, and agreements with, any Governmental Authority, in each case whether or not having the force of law. 

“L/C Advance” means, with respect to each Lender, such Lender’s funding of its participation in any L/C Borrowing in accordance
with its Applicable Percentage. 
 “L/C Borrowing” means an extension of credit resulting from a drawing under any Letter of
Credit which has not been reimbursed on or prior to the date when required to be reimbursed by the Borrowers or refinanced as a Revolving Borrowing. 

“L/C Credit Extension” means, with respect to any Letter of Credit, the issuance thereof or extension of the expiry date thereof, or
the increase of the amount thereof. 
 “L/C Issuer” means (a) Bank of America in its capacity as issuer of Letters of Credit
hereunder, or any successor issuer of Letters of Credit hereunder (which successor may only be a Lender selected by the Agent in its reasonable discretion), and (b) any other Lender approved by the Agent and the Lead Borrower in their
reasonable discretion. The L/C Issuer may, in its discretion, arrange for one or more Letters of Credit to be issued by Affiliates of the L/C Issuer, in which case the term “L/C Issuer” shall include any such Affiliate with respect to
Letters of Credit issued by such Affiliate. 
 “L/C Obligations” means, as at any date of determination, the aggregate amount
available to be drawn under all outstanding Letters of Credit plus the aggregate of all Unreimbursed Amounts, including all L/C Borrowings. For purposes of computing the amount available to be drawn under any Letter of Credit, the amount of such
Letter of Credit shall be determined in accordance with Section 1.06. For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount may still be drawn thereunder by reason
of the operation of Rule 3.14 of the ISP, such Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn. 

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

“Lease” means any agreement, whether written or oral, no matter how styled or structured, pursuant to which a Loan Party is entitled
to the use or occupancy of any real property for any period of time. 

  
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 “Lender” has the meaning specified in the introductory paragraph hereto and, as
the context requires, includes the Swing Line Lender. 
 “Lending Office” means, as to any Lender, the office or offices of such
Lender described as such in such Lender’s Administrative Questionnaire, or such other office or offices as a Lender may from time to time notify the Lead Borrower and the Agent. 

“Letter of Credit” means each Standby Letter of Credit and each Commercial Letter of Credit issued hereunder and shall include the Existing Letters of Credit. 

“Letter of Credit Application” means an application and agreement for the issuance or amendment of a Letter of Credit in the form
from time to time in use by the L/C Issuer. 
 “Letter of Credit Expiration Date” means the day that is five (5) Business
Days prior to the Maturity Date then in effect. 
 “Letter of Credit Fee” has the meaning provided therefor in
Section 2.03(i). 
 “Letter of Credit Sublimit” means an amount equal to $15,000,000. The Letter of Credit Sublimit is
part of, and not in addition to, the Aggregate Commitments. A permanent reduction of the Aggregate Commitments shall not require a corresponding pro rata reduction in the Letter of Credit Sublimit; provided, however, that if the Aggregate
Commitments are reduced to an amount less than the Letter of Credit Sublimit, then the Letter of Credit Sublimit shall be reduced to an amount equal to (or, at Lead Borrower’s option, less than) the Aggregate Commitments. 

“LIBOR”
 has the meaning specified in the definition of LIBOR Rate. 
 “LIBOR
Borrowing” means a Borrowing comprised of LIBOR Rate Loans. 
 “LIBOR Rate” means: 

(a) for any
Interest Period with respect to a LIBOR Rate Loan, the rate per annum rate of interest (rounded upwards, if
necessary, to the next 1/16th of one percent (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 administered by ICE Benchmark Administration (or any other Person that
takes over the administration of such rate for U.S. Dollars) for a period equal in length to such Interest Period (“LIBOR”) as published on the applicable
ReutersBloomberg screen page (or such other commercially available source providing such quotations as may be designated by the 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. at approximately 11:00 a.m., London time, two Business Days prior to the
commencement of such Interest Period, for Dollar deposits (for delivery on the first day of such Interest Period) with a term equivalent to such Interest Period; 

(b) for any
interest calculation with respect to a Base Rate Loan on any date, the rate per annum equal to LIBOR, at or
about 11:00 a.m., London time determined two London Banking Days prior to such date for U.S. Dollar deposits with a term of one month commencing that day; and 

(c) if the
LIBOR Rate shall be less than zero, such rate shall be deemed zero for purposes of this Agreement. 

  
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 “LIBOR Rate Loan” means a Revolving Loan that bears interest at a rate based on
the Adjusted LIBOR Rate. 

“Lien” means (a) any mortgage, deed of trust, pledge, hypothecation, assignment, deposit arrangement, encumbrance, lien
(statutory or other), charge, or preference, priority or other security interest or preferential arrangement in the nature of a security interest of any kind or nature whatsoever (including any conditional sale, Capital Lease Obligation, Synthetic
Lease Obligation, or other title retention agreement, any easement, right of way or other encumbrance on title to real property, and any financing lease having substantially the same economic effect as any of the foregoing) and (b) in the case
of securities, any purchase option, call or similar right of a third party with respect to such securities. 
 “Liquidation” means
the exercise by the Agent of those rights and remedies accorded to the Agent under the Loan Documents and applicable Laws as a creditor of the Loan Parties with respect to the realization on the Collateral, including (after the occurrence and during
the continuation of an Event of Default) the conduct by the Loan Parties acting with the consent of the Agent, of any public, private or “going-out-of-business”, “store closing” or other similar sale or any other Disposition of
the Collateral for the purpose of liquidating the Collateral. Derivations of the word “Liquidation” (such as “Liquidate”) are used with like meaning in this Agreement. 

“Loan” means an extension of credit by a Lender to the Borrowers under Article II in the form of a Revolving Loan or a Swing
Line Loan. 
 “Loan Account” has the meaning provided therefor in Section 2.11(a). 

“Loan Cap” means, at any time of determination, the lesser of (a) the Aggregate Commitments or (b) the Borrowing Base.

 “Loan Documents” means this Agreement, each Note, each Issuer Document, the Fee LetterLetters, all Borrowing Base Certificates, the Blocked Account Agreements, the Credit Card Notifications, the Security Documents, the Facility Guaranty, the Intercompany Subordination Agreement, the Hot Topic Tri-Party Agreement, the Confirmation and Ratification
Agreement, the Third Amendment Confirmation and Ratification Agreement and any other instrument or agreement now or hereafter executed and delivered in connection herewith. 

“Loan Parties” means, collectively, the Borrowers and the Guarantors. 

“London
Banking Day” means any day on which dealings in Dollar deposits are conducted by and between banks in the London interbank eurodollar market. 

“Management Fees” means management fees payable by the Loan Parties pursuant to the Sponsor Management Agreement. 

“Management
 Stockholders” means the members of management (and their Controlled Investment Affiliates and Immediate Family Members and any permitted transferees thereof) of the Borrower (or any Parent Company) who are holders of Equity Interests of any
Parent Company on the Closing Date or will become holders of such Equity Interests in connection with the Transactions. 

 
 “Market Capitalization” mean an amount equal to (a) the total number of issued and outstanding shares of
common Equity Interests of the Borrower, Holdings or any other Parent Company on the date of the declaration of the applicable Restricted Payment multiplied by (b) the arithmetic mean of the
closing prices per share of such common Equity Interests on the principal securities exchange on which such
common Equity Interests are traded for the 30 consecutive trading days immediately preceding the date of declaration of such Restricted Payment. 

  
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 “Material Adverse Effect” means (a) a material adverse change in, or a
material adverse effect upon, the operations, business, assets, properties, liabilities (actual or contingent), or financial condition of Holdings and its Subsidiaries taken as a whole; (b) a material impairment of the ability of any Loan Party
to perform its material obligations under any Loan Document to which it is a party; or (c) a material impairment of the rights and remedies of the Agent or the Lenders under any Loan Document or a material adverse effect upon the legality,
validity, binding effect or enforceability against any Loan Party of any Loan Document to which it is a party. 
 “Material
Contract” means, with respect to any Person, each contract to which such Person is a party the breach or termination of which could reasonably be expected to result in a Material Adverse Effect. 

“Material Domestic Subsidiary” means, as of the Effective Date and thereafter at any date of determination, each of the
Borrowers’ Domestic Subsidiaries that is a Restricted Subsidiary (a) whose Total Assets at the last day of the most recent Measurement Period (when taken together with the Total Assets of the Restricted Subsidiaries of such Domestic
Subsidiary at the last day of the most recent Measurement Period) were equal to or greater than 5.0% of Total Assets of the Borrowers and the Restricted Subsidiaries that are Domestic Subsidiaries at such date or (b) whose gross revenues for
such Measurement Period (when taken together with the gross revenues of the Restricted Subsidiaries of such Domestic Subsidiary for such Measurement Period) were equal to or greater than 5.0% of the consolidated gross revenues of the Borrowers and
the Restricted Subsidiaries that are Domestic Subsidiaries for such Measurement Period, in each case determined in accordance with GAAP; provided that if at any time and from time to time after the date which is 30 days after the Effective Date (or such longer period as the Agent may agree in its sole discretion), Domestic Subsidiaries that are not Material
Domestic Subsidiaries solely because they do not meet the thresholds set forth in the preceding clause (a) or (b) comprise in the aggregate more than (when taken together with the Total Assets of the Restricted Subsidiaries of such
Domestic Subsidiaries at the last day of the most recent Measurement Period) 7.5% of Total Assets of the Borrowers and the Restricted Subsidiaries that are Domestic Subsidiaries (excluding Subsidiaries otherwise constituting Excluded Subsidiaries)
as of the end of the most recently ended Measurement Period or more than (when taken together with the gross revenues of the Restricted Subsidiaries of such Domestic Subsidiaries for such Measurement Period) 7.5% of the consolidated gross revenues
of the Borrowers and the Restricted Subsidiaries that are Domestic Subsidiaries (excluding Subsidiaries otherwise constituting Excluded Subsidiaries) for such Measurement Period, then the Lead Borrower shall, not later than thirty (30) days
after the date by which financial statements for such Measurement Period were required to be delivered pursuant to this Agreement (or such longer period as the Agent may agree in its reasonable discretion), (i) designate in writing to the Agent
one or more of such Domestic Subsidiaries that are Restricted Subsidiaries as “Material Domestic Subsidiaries” to the extent required such that the foregoing condition ceases to be true and (ii) comply with the provisions of
Section 6.11 with respect to any such Subsidiaries. 
 “Material Foreign Subsidiary” means, as of the Effective Date
and thereafter at any date of determination, each of the Borrowers’ Foreign Subsidiaries that are Restricted Subsidiaries (a) whose Total Assets at the last day of the most recent Measurement Period (when taken together with the Total
Assets of the Restricted Subsidiaries of such Foreign Subsidiary at the last day of the most recent Measurement Period) were equal to or greater than 5.0% of Total Assets of the Restricted Subsidiaries that are Foreign Subsidiaries at such date or
(b) whose gross revenues for such Measurement Period 

  
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(when taken together with the revenues of the Restricted Subsidiaries of such Foreign Subsidiary for such Measurement Period) were equal to or greater than 5.0% of the consolidated gross revenues
of the Restricted Subsidiaries that are Foreign Subsidiaries for such Measurement Period, in each case determined in accordance with GAAP; provided that if at any time and from time to time after the date which is 30 days after the Effective Date (or such longer period as the Agent may agree in its sole discretion), Foreign Subsidiaries that are not Material
Foreign Subsidiaries comprise in the aggregate more than (when taken together with the Total Assets of the Restricted Subsidiaries of such Foreign Subsidiaries at the last day of the most recent Measurement Period) 7.5% of Total Assets of the
Restricted Subsidiaries that are Foreign Subsidiaries (excluding Subsidiaries otherwise constituting Excluded Subsidiaries) as of the end of the most recently ended Measurement Period or more than (when taken together with the gross revenues of the
Restricted Subsidiaries of such Foreign Subsidiaries (excluding Subsidiaries otherwise constituting Excluded Subsidiaries) for such Measurement Period) 7.5% of the consolidated gross revenues of the Restricted Subsidiaries that are Foreign
Subsidiaries for such Measurement Period, then the Lead Borrower shall, not later than thirty (30) days after the date by which financial statements for such Measurement Period were required to be delivered pursuant to this Agreement (or such
longer period as the Agent may agree in its reasonable discretion), designate in writing to the Agent one or more of such Foreign Subsidiaries that are Restricted Subsidiaries as “Material Foreign Subsidiaries” to the extent required such
that the foregoing condition ceases to be true. 
 “Material Indebtedness” means Indebtedness (other than the Obligations
but including Other Liabilities which constitute Indebtedness) of the Loan Parties in an aggregate principal amount exceeding $10,000,000. For purposes of determining the amount of Material Indebtedness at any time, (a) the amount of the
obligations in respect of any Swap Contract at such time shall be calculated at the Swap Termination Value thereof, (b) undrawn committed or available amounts shall be included, and (c) all amounts owing to all creditors under any combined
or syndicated credit arrangement shall be included. For the avoidance of doubt, the Intercompany Subordinated Indebtedness shall constitute Material Indebtedness at
all times hereunder. 
 “Maturity Date” means the later of
(a) October 
23June 14, 20222026 (the “Initial Maturity Date”), (b) with respect to any Lender which participates in any Extension Series pursuant to Section 2.17, such extended maturity date relating to such Extension
Series as determined pursuant to such Section 2.17, and (c) with respect to any FILO Tranche, the maturity date applicable to such FILO Tranche in accordance with the terms hereof. 

“Maximum Rate” has the meaning provided therefor in Section 10.09. 

“Measurement Period” means, at any date of determination, the most recently completed twelve Fiscal Months of Holdings and its
Subsidiaries. 
 “MLPFS” means Merrill Lynch,
Pierce, Fenner & Smith Incorporated, a Delaware corporation. 

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

“Multiemployer Plan” means any employee benefit plan of the type described in Section 4001(a)(3) of ERISA, to which the Lead
Borrower or any ERISA Affiliate makes or is obligated to make contributions, or during the preceding five plan years, has made or been obligated to make contributions. 

  
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 “Multiple Employer Plan” means a Plan which has two or more contributing sponsors
(including the Lead Borrower or any ERISA Affiliate) at least two of whom are not under common control, as such a plan is described in Section 4064 of ERISA. 

“Necessary Cure Amount” has the meaning specified in Section 8.04(2). 

“Net Proceeds” means (a) with respect to any Disposition by any Loan Party or any of its Subsidiaries, the excess, if any, of
(i) the sum of cash and cash equivalents received in connection with such transaction (including any cash or cash equivalents received by way of deferred payment pursuant to, or by monetization of, a note receivable or otherwise, but only as
and when so received) minus (ii) the sum of (A) the principal amount of any Indebtedness that is secured by the applicable asset by a Lien permitted hereunder which is senior to the Agent’s Lien on such asset and that is required to
be repaid (or to establish an escrow for the future repayment thereof) in connection with such transaction (other than Indebtedness under the Loan Documents), and (B) the reasonable and customary out-of-pocket fees, commissions and expenses
incurred by such Loan Party or such Subsidiary in connection with such transaction (including, without limitation, on account of appraisals, and brokerage, legal, title and recording or transfer tax expenses and commissions) paid by any Loan Party
to third parties (other than Affiliates)) and (C) income taxes reasonably estimated to be actually payable within two years of the date of the relevant transaction (or such longer period as may apply in the event of an installment sale or
similar transaction) as a result of any gain recognized in connection therewith. 
 “Non-Consenting Lender” has the meaning
provided therefor in Section 10.01. 
 “Non-Defaulting Lender” means, at any time, each Lender that is not a
Defaulting Lender at such 
 time. 

“Non-Extension Notice Date” has the meaning provided therefor in Section 2.03(b)(iii). 

“Note” means a Revolving Note and the Swing Line Note, as each may be amended, supplemented or modified from time to time. 

“Notice Date” has the meaning provided therefor in Section 2.17. 

“NPL” means the National Priorities List under CERCLA. 

“Obligations” means (a) all advances to, and debts (including principal, interest, fees, costs, and expenses), liabilities,
obligations, covenants, indemnities, and duties of, any Loan Party arising under any Loan Document or otherwise with respect to any Loan or Letter of Credit (including payments in respect of reimbursement of disbursements, interest thereon and
obligations to provide cash collateral therefor), whether direct or indirect (including those acquired by assumption), absolute or contingent, due or to become due, now existing or hereafter arising and including interest, fees, costs, expenses and
indemnities that accrue after the commencement by or against any Loan Party or any Subsidiary thereof of any proceeding under any Debtor Relief Laws naming such Person as the debtor in such proceeding, regardless of whether such interest, fees
costs, expenses and indemnities are allowed claims in such proceeding, and (b) any Other Liabilities; provided that Obligations of a Loan Party shall exclude any Excluded Swap Obligations with respect to such Loan Party. 

“OFAC” means the Office of Foreign Assets Control of the United States Department of the Treasury. 

 

  
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 “Organization Documents” means, (a) with respect to any corporation, the
certificate or articles of incorporation and the bylaws (or equivalent or comparable constitutive documents with respect to any non-U.S. jurisdiction); (b) with respect to any limited liability company, the certificate or articles of formation
or organization and operating agreement; and (c) with respect to any partnership, joint venture, trust or other form of business entity, the partnership, joint venture or other applicable agreement of formation or organization and any
agreement, instrument, filing or notice with respect thereto filed in connection with its formation or organization with the applicable Governmental Authority in the jurisdiction of its formation or organization and, if applicable, any certificate
or articles of formation or organization of such entity. 
 “Other Connection Taxes” means, with respect to any Recipient, Taxes
imposed as a result of a present or former connection between such Recipient and the jurisdiction imposing such Tax (other than connections arising solely from such Recipient having executed, delivered, become a party to, performed its obligations
under, received payments under, received or perfected a security interest under, engaged in any other transaction pursuant to or enforced any Loan Document, or sold or assigned an interest in any Loan or Loan Document). 

“Other
Rate Early Opt-in” means the Agent and the Lead Borrower have elected to replace LIBOR with a Benchmark Replacement other than a SOFR-based rate pursuant to (1) an Early Opt-in Election and (2) Section 3.03(c)(ii) and paragraph
(2) of the definition of “Benchmark Replacement”. 
 “Other
Liabilities” means all obligations on account of (i) any Cash Management Services furnished to any of the Loan Parties or any of their Restricted Subsidiaries, and/or (ii) any Bank Product furnished to any of the Loan Parties and/or
any of their Restricted Subsidiaries; provided that Other Liabilities of a Loan Party shall exclude any Excluded Swap Obligations with respect to such Loan Party. 

“Other Taxes” means all present or future stamp, court or documentary, intangible, recording, filing or similar Taxes that arise
from any payment made under, from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of a security interest under, or otherwise with respect to, any Loan Document, except any such Taxes that are
Other Connection Taxes imposed with respect to an assignment (other than an assignment made pursuant to Section 3.06). 

“Outstanding Amount” means (a) with respect to Revolving Loans and Swing Line Loans on any date, the aggregate outstanding
principal amount thereof after giving effect to any borrowings and prepayments or repayments of Loans occurring on such date; and (b) with respect to any L/C Obligations on any date, the amount of such L/C Obligations on such date after giving
effect to any L/C Credit Extension occurring on such date and any other changes in the aggregate amount of the L/C Obligations as of such date, including as a result of any reimbursements by the Borrowers of Unreimbursed Amounts or the refinancing
of such unreimbursed amounts as Borrowings hereunder. 
 “Overadvance” means a Credit Extension to the extent that, immediately
after its having been made, Availability is less than zero. 
 “Parent Company” means any Person so long as such Person directly
or indirectly holds 100.0% of the total voting power of the Equity Interests of the Lead Borrower. For the avoidance of
doubt, Holdings is a Parent Company of the Lead Borrower. Notwithstanding the foregoing, a passive holding company or special purpose acquisition vehicle shall not be considered a “Person” for purposes of this definition and instead the
equityholders of such passive holding company or special purpose acquisition vehicle shall be considered for purposes of the foregoing. 

 

  
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 “Participant” has the meaning provided therefor in Section 10.06(d).

 “Participant Register” has the meaning provided therefor in Section 10.06(d). 

“Patriot Act” has the meaning provided therefor in Section 10.17. 

“Payment Conditions” means, at the time of determination with respect to any specified transaction or payment, that (a) no
Specified Event of Default then exists or would arise as a result of entering into such transaction or the making of such payment, (b) immediately after giving pro forma effect to such transaction or the making of such payment, the Pro Forma
Availability Condition has been satisfied, (c) the Consolidated Fixed Charge Coverage Ratio for the Measurement Period preceding such transaction or the making of such payment shall be greater than or equal to 1.0 to 1.0, provided that
the provisions of this clause (c) shall not be applicable if Availability, calculated in accordance with clause (b) hereof, immediately after giving pro forma effect to such transaction or payment and for the thirty (30) day period
immediately preceding such transaction or payment is greater than or equal to seventeen and one-half percent (17.5%) of the Loan Cap; and (d) the Lead Borrower shall have delivered a Transaction Certificate to the Agent duly executed by a
Responsible Officer of the Lead Borrower and attaching evidence (reasonably detailed and reasonably satisfactory to the Agent) of satisfaction of the conditions contained in clauses (b) and (c) above, as applicable. 

“PBGC” means the Pension Benefit Guaranty Corporation. 

“PCAOB” means the Public Company Accounting Oversight Board. 

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

“Pension Funding Rules” means the rules of the Code and ERISA regarding minimum required contributions (including any installment
payment thereof) to Pension Plans and Multiemployer Plans and set forth in, with respect to plan years ending prior to the effective date of the Pension Act, Section 412 of the Code and Section 302 of ERISA, each as in effect prior to the
Pension Act and, thereafter, Section 412, 430, 431, 432 and 436 of the Code and Sections 302, 303, 304 and 305 of ERISA. 

“Pension Plan” means any employee pension benefit plan (including a Multiple Employer Plan but excluding a Multiemployer Plan) that (a) is maintained or is contributed to by the Lead Borrower andor (b) with respect
to which the Lead Borrower has any liability or contingent liability (including on account of any ERISA
Affiliate) and, in each case, is either covered by Title IV of ERISA or is subject to
the minimum funding standards under Section 412 of the Code. 
 “Permitted Acquisition” means an Acquisition in which
all of the following conditions are satisfied: 
 (a) such Acquisition shall have been approved by the Board of Directors of
the Person (or similar governing body if such Person is not a corporation) which is the subject of such Acquisition and such Person shall not have announced that it will oppose such Acquisition or shall not have commenced any action which alleges
that such Acquisition shall violate applicable Law; provided that the foregoing condition shall only be required to be satisfied for any Acquisition (i) involving a merger, consolidation or acquisition of Equity Interests of a Person,
(ii) of all or substantially all of the assets of a Person, or (iii) to the extent applicable Law, the Organization Documents of the Person which is the subject of such Acquisition, or the applicable purchase agreement, merger agreement or
similar definitive documentation otherwise require such board approval; 

  
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 (b) the Lead Borrower shall have furnished the Agent with reasonable prior
written notice of such intended Acquisition; 
 (c) any assets acquired shall be utilized in, and if the Acquisition involves
a merger, consolidation or acquisition of Equity Interests, the Person which is the subject of such Acquisition shall be engaged in, a business otherwise permitted to be engaged in by a Borrower under this Agreement or substantially the same lines
of business (or reasonably related thereto) as one or more of the principal businesses of a Borrower; 
 (d) if the Person
which is the subject of such Acquisition will be maintained as a Subsidiary of a Loan Party, or if the assets acquired in an Acquisition will be transferred to a Subsidiary which is not then a Loan Party, such Subsidiary shall have been joined as a
Borrower hereunder or as a Guarantor to the extent required pursuant to Section 6.126.11, and the Agent shall have received a first priority security
interest in such Subsidiary’s Equity Interests and property of such Subsidiary of the same nature as constitutes Collateral under the Security Documents (subject, in each case, to Permitted Encumbrances having priority by operation of
applicable law); and 
 (e) the Loan Parties shall have satisfied the Payment Conditions. 

“Permitted Discretion” means the Agent’s good-faith and reasonable (from the perspective of a secured asset-based lender in
credit facilities of the type contemplated hereby) business judgment and consistent with the Agent’s customary practices in asset-based credit facilities of the type contemplated hereby. Notwithstanding the foregoing, it shall not be within
Permitted Discretion for the Agent to establish Reserves which are duplicative of each other whether or not such Reserves fall under more than one Reserve category. 

“Permitted Disposition” means any of the following: 

(a) dispositions of Inventory in the ordinary course of business; 

(b) bulk sales or other dispositions at arm’s length of the Inventory of a Loan Party not in the ordinary course of
business in connection with Permitted Store Closings; 
 (c) non-exclusive licenses of Intellectual Property of a Loan Party
or any of its Subsidiaries in the ordinary course of business; 
 (d) licenses for the conduct of licensed departments within
the Loan Parties’ Stores in the ordinary course of business; provided that, if requested by the Agent, the Agent shall have entered into an intercreditor agreement with the Person operating such licensed department on terms and
conditions reasonably satisfactory to the Agent; 
 (e) dispositions of Equipment in the ordinary course of business that is
substantially worn, damaged, obsolete or, in the judgment of a Loan Party, no longer useful or necessary in its business or that of any Subsidiary; 

  
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 (f) sales, transfers and dispositions among the Loan Parties or by any
Subsidiary to a Loan Party; 
 (g) sales, transfers and dispositions by any Subsidiary which is not a Loan Party to another
Subsidiary that is not a Loan Party; 
 (h) as long as no Default or Event of Default then exists or would arise therefrom,
sales of Real Estate of any Loan Party (or sales of any Person or Persons created to hold such Real Estate or the Equity Interests in such Person or Persons), including sale-leaseback transactions involving any such Real Estate pursuant to leases on
market terms, as long as, (A) such sale is made for fair market value, and (B) in the case of any sale-leaseback transaction permitted hereunder, the Loan Parties shall have used commercially reasonable efforts to deliver to the Agent a
Collateral Access Agreement duly executed by each such purchaser or transferee and on terms and conditions reasonably satisfactory to the Agent; 

(i) to the extent constituting a Disposition, the making of Permitted Investments; 

(j) leases, subleases, licenses and sublicenses of real or personal property (other than Intellectual Property) entered into by
Loan Parties and their Subsidiaries in the ordinary course of business at arm’s length and on market terms; 
 (k)
Dispositions of Equipment to the extent that (i) such Equipment is exchanged for credit against the purchase price of similar replacement property, (ii) the proceeds of such Disposition are reasonably promptly applied to the purchase price
of such replacement property, or (iii) such Disposition is pursuant to a sale-leaseback transaction permitted hereunder; 

(l) as long as no Change of Control would arise therefrom, the sale or issuance of any Equity Interests (other than
Disqualified Stock) by Holdings or any Subsidiary thereof; 
 (m) the Disposition of any asset which is subject to or has
sustained any casualty or other insured damage to, or any taking under power of eminent domain or by condemnation or similar proceeding; 

(n) as long as no Default or Event of Default then exists or would arise therefrom, Dispositions of Intellectual Property that,
in the judgment of a Loan Party, is no longer useful or necessary in its business or that of any Subsidiary; 
 (o) (i) so
long as no Cash Dominion Event has then occurred and is continuing, Dispositions of cash and Cash Equivalents to the extent otherwise permitted hereby, and (ii) after the occurrence of a Cash Dominion Event, Dispositions of cash in the Excluded
Accounts and proceeds of Loans made hereunder to pay expenses or engage in transactions otherwise permitted hereby; 
 (p)
Dispositions of delinquent Accounts for collection purposes for fair value; 
 (q) other Dispositions not expressly permitted
pursuant to the foregoing clauses (a) through (p), provided that (i) the aggregate fair market value (as determined by the Lead Borrower in good faith) of all assets Disposed of in reliance upon this clause (q) shall not exceed
$15,000,000 in any calendar year, and (ii) no Event of Default then exists or would arise therefrom; and 

  
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 (r) other Dispositions, so long as, the Borrowers or such Restricted
Subsidiary, as the case may be, receives consideration (including by way of relief from, or by any other Person assuming responsibility for, any liabilities, contingent or otherwise in connection with such Disposition) at least equal to the fair
market value (measured at the time of contractually agreeing to such Disposition) of the assets sold or otherwise disposed of, and at least 75.0% of the consideration for such Disposition received by the Borrowers or a Restricted Subsidiary, as the
case may be, is in the form of cash or Cash Equivalents; provided that each of the following will be deemed to be cash or Cash Equivalents for purposes of this clause (r): 

(i) any securities, notes or other obligations or assets received by the Borrowers or any Restricted Subsidiary from such
transferee or in connection with such Disposition (including earnouts and similar obligations) that are converted by the Borrowers or a Restricted Subsidiary into cash or Cash Equivalents, or by their terms are required to be satisfied for cash or
Cash Equivalents (to the extent of the cash or Cash Equivalents received) within 180 days following the closing of such Disposition; and 

(ii) any Designated Non-Cash Consideration received by the Borrowers or any Restricted Subsidiary in such Disposition having an aggregate fair
market value, taken together with all other Designated Non-Cash Consideration received pursuant to this clause (c) that is at that time outstanding, not to exceed $5.0 million (or, at the Borrowers’ option, at the time of contractually
agreeing to such Disposition), with the fair market value of each item of Designated Non-Cash Consideration being measured, at the Borrowers’ option, either at the time of contractually agreeing to such Disposition or at the time received and,
in either case, without giving effect to any subsequent change(s) in value; 
 provided that, in the event of (x) a Disposition
of more than ten (10%) percent of assets of the type included in the Borrowing Base pursuant to a single transaction or a series of related transactions, the Borrowers shall deliver an updated Borrowing Base Certificate to the Agent, prepared
on a pro forma basis after giving effect to such Disposition, and (y) in the event of a Disposition of Intellectual Property used or useful in connection with the assets included in the Borrowing Base, the purchaser, assignee or other transferee
thereof agrees in writing to be bound by a non-exclusive royalty-free worldwide license of such Intellectual Property in favor of the Agent for use in connection with the exercise of the rights and remedies of the Credit Parties, which license shall
be in form and substance reasonably satisfactory to the Agent, and provided further that in the case of a Disposition of Intellectual Property licensed by the Lead Borrower or one of its Restricted Subsidiaries from a third party, the
transferee thereof shall be required to provide such a license only to the extent to which the applicable license gives it a right to do so. 

“Permitted Encumbrances” means: 

(a) Liens imposed by law for Taxes that are not yet delinquent or are being contested in compliance with
Section 6.04; 

  
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 (b) carriers’, warehousemen’s, mechanics’,
materialmen’s, repairmen’s and other like Liens imposed by applicable Laws, arising in the ordinary course of business and securing obligations that are not overdue by more than sixty (60) days or are being contested in compliance
with Section 6.04; 
 (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, other than any Lien imposed by ERISA; 

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

(e) Liens in respect of judgments that would not constitute an Event of Default hereunder; 

(f) easements, covenants, conditions, restrictions, building code laws, 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 materially interfere with the ordinary
conduct of business of a Loan Party and such other minor title defects or survey matters that are disclosed by current surveys that, in each case, do not materially interfere with the current use of the real property; 

(g) Liens existing on the
Third Amendment Effective Date listed on Schedule 7.01 and
Liens to secure any Permitted Refinancings of the Indebtedness with respect thereto; 
 (h) Liens on fixed or capital
assets of any Loan Party which secure Indebtedness permitted under clause (c) of the definition of Permitted Indebtedness so long as (i) such Liens and the Indebtedness secured thereby are incurred prior to or within ninety (90) days
after such acquisition, (ii) the Indebtedness secured thereby does not exceed the cost of acquisition of the applicable assets, and (iii) such Liens shall attach only to the assets acquired, improved or refinanced with such Indebtedness
and shall not extend to any other property or assets of the Loan Parties; 
 (i) Liens in favor of the Agent; 

(j) landlords’ and lessors’ statutory Liens in respect of rent not in default; 

(k) possessory Liens in favor of brokers and dealers arising in connection with the acquisition of or disposition of Permitted
Investments, provided that such liens (i) attach only to such Investments and (ii) secure only obligations incurred in the ordinary course of business and arising in connection with the acquisition or disposition of such Investments
and not any obligation in connection with margin financing; 
 (l) Liens arising solely by virtue of any statutory or common
law provisions relating to banker’s Liens, Liens in favor of securities intermediaries, rights of setoff or similar rights and remedies as to deposit accounts or securities accounts or other funds maintained with depository institutions or
securities intermediaries; 

  
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 (m) Liens arising from precautionary UCC filings (or similar filings under
other applicable Law) regarding “true” operating leases or, to the extent permitted under the Loan Documents, the consignment of goods to a Loan Party; 

(n) voluntary Liens on property (other than property of the type included in the Borrowing Base) in existence at the time such
property is acquired pursuant to a Permitted Acquisition or on such property of a Subsidiary of a Loan Party in existence at the time such Subsidiary is acquired pursuant to a Permitted Acquisition; provided, that such Liens are not incurred
in connection with or in anticipation of such Permitted Acquisition and do not attach to any other assets of any Loan Party or any Subsidiary; 

(o) Liens in favor of customs and revenues authorities imposed by applicable Laws arising in the ordinary course of business in
connection with the importation of goods and securing obligations (i) that are not overdue by more than thirty (30) days, or (ii)(A) that are being contested in good faith by appropriate proceedings, (B) the applicable Loan Party or
Subsidiary has set aside on its books adequate reserves with respect thereto in accordance with GAAP and (C) such contest effectively suspends collection of the contested obligation and enforcement of any Lien securing such obligation; 

(p) Liens in favor of any holder of Indebtedness permitted pursuant to clause (j) of the definition of “Permitted
Indebtedness”; provided that such Liens shall be junior and subordinate to the Liens securing the Obligations and the holder of such Indebtedness shall have entered into an intercreditor and subordination agreement with the Agent on
terms reasonably acceptable to the Agent; 
 (q) leases, licenses, subleases or sublicenses granted to other Persons in the
ordinary course of business which do not (i) interfere in any material respect with the business of the Loan Parties or (ii) secure any Indebtedness for borrowed money; 

(r) any interest or title of (i) a lessor or sublessor under any lease or sublease or (ii) a licensor or sublicensor
under any license or sublicense, in each case entered into in the ordinary course of business, so long as such interest or title relates solely to the assets subject thereto; 

(s) Liens on insurance policies and the proceeds thereof securing the financing of the premiums with respect thereto; 

(t) any interest or title of a lessor under any operating lease and all Liens on the underlying assets subject to such lease
that affect such lessor’s interest or title in such asset; 
 (u) Liens deemed to exist in connection with Investments
in financial repurchase agreements that qualify as Cash Equivalents provided that such Liens do not extend to any assets other than the assets that are the subject of such repurchase agreement; 

(v) Liens of a collection bank arising under Section 4-210 of the UCC on items in the course of collection; 

(w) Liens in favor of the L/C Issuer on cash collateral securing the obligations of a Defaulting Lender to fund risk
participations hereunder; 

  
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 (x) Liens in respect of the licensing of Intellectual Property in the
ordinary course of business, to the extent such licensing is otherwise permitted hereunder; 
 (y) Liens upon In-Transit
Inventory arising in the ordinary course of business in favor of Persons from time to time approved in writing by the Agent, subject to such conditions or documentation as the Agent, in its Permitted Discretion may set forth or require in such
writing, and securing only obligations in favor of such Persons resulting from the transport of such In-Transit Inventory (and not associated with Indebtedness (whether for borrowed money or otherwise) or other unrelated obligations), which
obligations are not overdue by more than sixty 
 (60) days or are being contested in compliance with
Section 6.04; provided that this clause (y) shall not be deemed to limit or impair any right of the Agent, in its Permitted Discretion, to establish, maintain or modify Reserves relative to Inventory subject to such Liens;

 (z) other Liens securing obligations in an aggregate amount not to exceed $20,000,000; 

(aa) Liens securing obligations in respect of Indebtedness permitted to be incurred pursuant to clause (q) of the
definition of Permitted Indebtedness; provided that to the extent such Liens are on assets constituting Collateral that is included in the Borrowing Base and other current asset collateral, as described in a customary intercreditor agreement
entered into by the Agent (collectively, the “ABL Priority Collateral”) (but which shall not be required to be on assets constituting Collateral), together with any Permitted Refinancing in respect thereof, such Liens shall be
secured on a junior basis to the Liens securing the Obligations, and the collateral agent in respect of such Indebtedness shall have entered into a customary intercreditor agreement reasonably acceptable to the Agent and the Borrowers; and 

(bb) Liens securing Indebtedness incurred under clause (r) of the definition of Permitted Indebtedness, together with any
Permitted Refinancing in respect thereof, provided that such Liens shall be subject to the terms of the ABL Intercreditor Agreement. 

“Permitted Holders” means the
Sponsor(1) the Investors and Management Stockholders and any group (within the meaning of
Section 13(d)(3) or Section 14(d)(2) of the Exchange Act) of which any of the foregoing are members; provided that in the case of such group and without giving effect to the existence of such group or any other group, such Investor and
Management Stockholders, collectively, have beneficial ownership of more than 50.0% of the total voting power of the Voting Stock of the Borrower or any Permitted Parent, and (2) any Person acting in the capacity of an underwriter (solely to
the extent that and for so long as such Person is acting in such capacity) in connection with a public or private offering of Capital Stock of the Borrower or any Permitted Parent. Notwithstanding the foregoing, a passive holding company or special
purpose acquisition vehicle shall not be considered a “Person” for purposes of this definition and instead the equityholders of such passive holding company or special purpose acquisition vehicle shall be considered for purposes of the
foregoing. 
 “Permitted Indebtedness” means each of the following: 

(a) Indebtedness outstanding on the
Third Amendment Effective Date listed on Schedule 7.03 and
any Permitted Refinancing thereof; 
 (b) Indebtedness of any Loan Party to any other Loan Party; 

  
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 (c) (i) purchase money Indebtedness of any Loan Party to finance the
acquisition of any personal property consisting solely of 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 Permitted Refinancings thereof in an aggregate amount not to exceed $20,000,000 at any time outstanding, and (ii) purchase money Indebtedness of any Loan Party to finance the acquisition of any real or personal
property consisting solely of fixed or capital assets, including Capital Lease Obligations, in connection with the potential addition of an additional distribution and/or fulfillment center facility 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 Permitted Refinancings thereof; provided that, in each case, if requested by the Agent, the Loan Parties shall use commercially
reasonable efforts to cause the holders of such Indebtedness to enter into a Collateral Access Agreement on terms reasonably satisfactory to the Agent; 

(d) Indebtedness incurred for the construction or acquisition or improvement of, or to finance or to refinance, any Real Estate
owned by any Loan Party (including therein any Indebtedness incurred in connection with sale-leaseback transactions permitted hereunder and any Synthetic Lease Obligations), provided that, if requested by the Agent, the Loan Parties shall use
commercially reasonable efforts to cause the holders of such Indebtedness and the lessors under any sale-leaseback transaction to enter into a Collateral Access Agreement on terms reasonably satisfactory to the Agent; 

(e) contingent liabilities under surety bonds or similar instruments incurred in the ordinary course of business; 

(f) obligations (contingent or otherwise) of any Loan Party or any Restricted Subsidiary thereof existing or arising under any
Swap Contract, provided that (i) such obligations are (or were) entered into by such Person in the ordinary course of business for the purpose of directly mitigating risks associated with fluctuations in interest rates or foreign
exchange rates, and not for purposes of speculation or taking a “market view” and (ii) such Swap Contract does not contain any provision exonerating the non-defaulting party from its obligation to make payments on outstanding
transactions to the defaulting party; 
 (g) Indebtedness with respect to the deferred purchase price for any Permitted
Acquisition, provided that such Indebtedness does not require the payment in cash of principal (other than in respect of working capital adjustments) prior to the Maturity Date, has a final maturity which extends beyond the Maturity Date, and
is subordinated to the Obligations on terms reasonably acceptable to the Agent; 
 (h) Indebtedness of any Person that
becomes a Subsidiary of a Loan Party in a Permitted Acquisition, which Indebtedness is existing at the time such Person becomes a Subsidiary of a Loan Party (other than Indebtedness incurred solely in contemplation of such Person’s becoming a
Subsidiary of a Loan Party); 
 (i) the Obligations; 

  
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 (j) other secured Indebtedness not otherwise specifically described herein
in an aggregate principal amount not to exceed $20,000,000 at any time outstanding; provided that (i) to the extent such Indebtedness is secured, it is secured on the Collateral on a junior basis to the Liens securing the Obligations of
such Loan Party arising under the Loan Documents, (ii) the weighted average life to maturity of such Indebtedness is greater than or equal to the weighted average life to maturity of the of the Commitments at the time such Indebtedness is
incurred, and (iii) such Indebtedness does not mature or have any scheduled amortization or payments, repurchases or redemptions of principal (other than customary amortization payments), in each case, prior the Latest Maturity Date (or, in the case
of Subordinated Indebtedness, 91 days after the Latest Maturity Date) of the Commitments at the time such Indebtedness is incurred; 

(k) Subordinated Indebtedness; 

(l) Guarantees (i) by any Loan Party and its Restricted Subsidiaries of any Indebtedness of any other Loan Party permitted
hereunder and (ii) as long as no Default or Event of Default has occurred and is continuing or would arise therefrom, by any Loan Party and its Restricted Subsidiaries of any Indebtedness otherwise permitted hereunder of any Subsidiary that is
not a Loan Party to the extent such Guarantees comply with the provisions of clause (c)(iv) of the definition of “Permitted Investments”; 

(m) contingent liabilities arising with respect to customary indemnification obligations in favor of sellers in connection with
Permitted Acquisitions; 
 (n) Indebtedness incurred by any Loan Party or any Restricted Subsidiary thereof in the ordinary
course of business in connection with the financing of insurance premiums; 
 (o) to the extent constituting Indebtedness,
Indebtedness due to the Sponsor on account of the accrual of Management Fees and transaction fees; 
 (p) unsecured
Indebtedness not otherwise specifically described herein and in an aggregate principal amount not to exceed $30,000,000 at any time outstanding, so long as any such Indebtedness in an amount greater than $15,000,000 does not mature prior the Latest
Maturity Date of the Commitments at the time such Indebtedness is incurred; 
 (q) Permitted Ratio Debt; and 

(r) Indebtedness incurred pursuant to the Term Loan Facility in an aggregate principal amount not to exceed the sum of
(w) 
$260,000,000350,000,000
 plus (x) the aggregate amount of Incremental
Term Loans (as defined in the Term Loan Facility as in effect on the Third Amendment Effective Date (and not giving effect to any subsequent amendments thereto)) plus (y) Permitted Incremental Equivalent Debt (as defined in the Term Loan
Facility as in effect on the Third Amendment Effective Date (and not giving effect to any subsequent amendments thereto)) plus (z) other Term Loan Obligations (not constituting
principal and, in each case, together with any Permitted Refinancing in respect thereof (which includes, for the avoidance of doubt, Credit Agreement
Refinancing Indebtedness and Refinancing Indebtedness (in each case, Permitted Debt Exchange Notes
(as defined in the Term Loan Credit AgreementFacility as in effect on the FirstThird Amendment Effective Date (and not giving effect to any subsequent amendments thereto))). 
 “Permitted Investments” means each of the following: 

(a) Cash Equivalents; 

  
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 (b) Investments existing on the Third Amendment Effective Date set forth on Schedule 7.02 and any
extension or renewal thereof, but not any increase in the amount thereof; 
 (c) (i) Investments by any Loan Party and
its Subsidiaries in their respective Subsidiaries outstanding as of the Third Amendment Effective Date, (ii) additional Investments (including capital contributions) by any Loan Party and its Subsidiaries in Loan Parties, (iii) additional Investments by Subsidiaries of the Loan Parties
that are not Loan Parties in other Subsidiaries that are not Loan Parties, and (iv) so long as no Default or Event of Default has occurred and is continuing or would result from such Investment, additional Investments by the Loan Parties in
Wholly-Owned Subsidiaries that are not Loan Parties in an aggregate outstanding amount invested after the Third
Amendment Effective Date not to exceed $30,000,000 at any time; provided that to the extent such Investment
includes Intellectual Property material and necessary for the operation of the assets of the Loan Parties and their Subsidiaries, taken as a whole, which constitute ABL Priority Collateral, such Intellectual Property shall be subject to a
non-exclusive royalty-free worldwide license in favor of the Agent for the purpose of the Agent’s exercise of rights and remedies under this Agreement in connection with the ABL Priority Collateral; 
 (d) Investments consisting of extensions of credit in the nature of accounts
receivable or notes receivable arising from the grant of trade credit in the ordinary course of business, and Investments received in satisfaction or partial satisfaction thereof from financially troubled account debtors to the extent reasonably
necessary in order to prevent or limit loss; 
 (e) Guarantees constituting Permitted Indebtedness; 

(f) Investments by any Loan Party in Swap Contracts permitted hereunder; 

(g) 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; 
 (h) Investments received as the
non-cash portion of consideration received in connection with Permitted Dispositions; 
 (i) advances to officers, directors
and employees of the Loan Parties and Restricted Subsidiaries in the ordinary course of business outstanding for ordinary business purposes or notes from officers, directors and employees in exchange for Equity Interests of the Lead Borrower
purchased by such officers, directors or employees, in an amount not to exceed, as to all Investments described in this clause (i), $5,000,000 at any time; 

(j) Investments constituting Permitted Acquisitions and earnest money deposits made in connection with any letter of intent or
purchase agreement entered into in connection with any Permitted Acquisition; provided that Permitted Acquisitions by the Loan Parties in Wholly-Owned Subsidiaries that are not Loan Parties in an aggregate outstanding amount invested after the Third Amendment Effective Date shall not exceed $30,000,000 at any time;

 (k) to the extent constituting an Investment, acquisitions of Inventory in the ordinary course of business; 

  
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 (l) bank deposits in the ordinary course of business, subject to the
provisions of Section 6.12; 
 (m) Investments consisting of extensions of credit by any Subsidiary of a Borrower
that is not a Loan Party to any Loan Party; provided that (i) each Loan Party and its Subsidiaries shall accurately record all intercompany transactions on its books and records, and (ii) such intercompany loans shall be subordinated to
the Obligations as evidenced by a subordination agreement in form and substance reasonably satisfactory to the Agent and shall otherwise be on terms reasonably satisfactory to the Agent; and 

(n 

(n)
 Investments in connection with any IPO Reorganization Transaction; 

(o)
 payments to or from, and transactions with, a Parent Company following the consummation of a Qualifying IPO, in each case in the ordinary course of business or consistent with past practice, industry practice or industry norms (including, any cash
management activities related thereto); 
 (p) Investments having an aggregate fair market value, taken together with all other Investments made pursuant to this clause
(p) that are at that time outstanding, not to exceed $50,000,000 (with the fair market value of each Investment being measured at the time made and without giving effect to subsequent changes in value); and 

(q
) so long as the Payment Conditions are satisfied and without increasing the amounts permitted under any other clause of this definition, additional Investments not otherwise specifically
described herein. 
 provided, however, that notwithstanding the foregoing, (i) after the occurrence and during the continuance of
a Cash Dominion Event, no such Investments specified in clauses (a) and
(nq) shall be permitted to be made unless either (A) no Loans or, if then required to be Cash Collateralized, Letters of Credit are then outstanding, or (B) the Investment is a temporary Investment pending
expiration of an Interest Period for a LIBOR Rate Loan, the proceeds of which Investment will be applied to the Obligations after the expiration of such Interest Period, and (ii) such Investments shall be pledged to the Agent as additional
collateral for the Obligations pursuant to such agreements as may be reasonably required by the Agent. 
 “Permitted
Overadvance” means an Overadvance made by the Agent, in its discretion, which: 
 (a) is made to maintain, protect or
preserve the Collateral and/or the Credit Parties’ rights under the Loan Documents or which is otherwise for the benefit of the Credit Parties; or 

(b) is made to enhance the likelihood of, or to maximize the amount of, repayment of any Obligation; 

(c) is made to pay any other amount chargeable to any Loan Party hereunder or under any other Loan Document; and 

(d) together with all other Permitted Overadvances then outstanding, shall not (i) exceed five percent (5%) of the
Borrowing Base at any time, or (ii) unless a Liquidation is occurring, remain outstanding for more than forty-five (45) consecutive Business Days, unless in each case, the Required Lenders otherwise agree. 

  
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 provided however, that the foregoing shall not (i) modify or abrogate any of the provisions of
Section 2.03 regarding the Lenders’ obligations with respect to Letters of Credit or Section 2.04 regarding the Lenders’ obligations with respect to Swing Line Loans, or (ii) result in any claim or liability
against the Agent (regardless of the amount of any Overadvance) for Unintentional Overadvances, and such Unintentional Overadvances shall not reduce the amount of Permitted Overadvances allowed hereunder, and further provided that in no event
shall the Agent make an Overadvance, if after giving effect thereto, (i) the Total Outstandings would exceed the Aggregate Commitments (as in effect prior to any termination of the Aggregate Commitments pursuant to Section 2.06 or
8.02 hereof) , or (ii) at any time that there are only two (2) Lenders and a Specified Event of Default exists, any Lender (so long as such Lender is a Lender as of the Effective Date and maintains a Commitment not less than the
Commitment of such Lender as of the Effective Date) requests the Agent in writing to cease making such Overadvances. 
 “Permitted Parent” means any direct or indirect parent of the Borrower that at the time it became a parent of the Borrower was a
Permitted Holder pursuant to clause (1) of the definition thereof. 
 “Permitted Ratio Debt” means Indebtedness of the Borrowers or
any Restricted Subsidiary; provided that (a) such Indebtedness does not mature or have any scheduled amortization or payments, repurchases or redemptions of principal (other than customary amortization payments), in each case, prior the Latest
Maturity Date (or, in the case of Subordinated Indebtedness, 91 days after the Latest Maturity Date) of the Commitments at the time such Indebtedness is incurred, (b) the Total Net Leverage Ratio after giving pro forma effect to the
incurrence of such Indebtedness, as of the end of the most recently ended Measurement Period, is no greater than 2.503.50 to 1.00, (c) such Indebtedness may be secured to the extent
such Liens constitute Permitted Encumbrances in accordance with the definition thereof and (d) the aggregate amount of Permitted Ratio Debt incurred by Restricted Subsidiaries of the Borrowers that are not and do not become Guarantors, shall
not exceed
$30.060.0
 million. 
 “Permitted Refinancing” means, with respect to any Person, any
Indebtedness issued in exchange for, or the net proceeds of which are used to extend, refinance, renew, replace, defease or refund (collectively, to “Refinance”), the Indebtedness being Refinanced; provided, that (a) the
principal amount (or accreted value, if applicable) of such Permitted Refinancing does not exceed the principal amount (or accreted value, if applicable) of the Indebtedness so Refinanced (plus unpaid accrued interest and premiums thereon and
underwriting discounts, defeasance costs, fees, commissions, expenses and other transaction costs and by an amount equal to any existing commitments unutilized thereunder), (b) the weighted average life to maturity of such Permitted Refinancing
is greater than or equal to the weighted average life to maturity of the Indebtedness being Refinanced (c) such Permitted Refinancing shall not require any scheduled principal payments due prior to the Maturity Date in excess of, or prior to,
the scheduled principal payments due prior to such Maturity Date for the Indebtedness being Refinanced, (d) if the Indebtedness being Refinanced is subordinated in right of payment to the Obligations under this Agreement, such Permitted
Refinancing shall be subordinated in right of payment to such Obligations on terms at least as favorable to the Credit Parties as those contained in the documentation governing the Indebtedness being Refinanced, (e) no Permitted Refinancing
shall have direct or indirect obligors who were not also obligors of the Indebtedness being Refinanced, or greater guarantees or security, than the Indebtedness being Refinanced (and if secured, shall be subject to a lien subordination or other
intercreditor agreement on terms not less favorable to the Agent than the terms of the lien subordination or other intercreditor agreement, if any, applicable to the Indebtedness being Refinanced), (f) such Permitted Refinancing shall be
otherwise on terms not materially less favorable to the Credit Parties than those contained in the documentation governing the Indebtedness being Refinanced, including, without limitation, with respect to financial and other covenants and events of
default, (g) the interest rate applicable to any such Permitted Refinancing shall not exceed the then applicable market interest rate, and (h) at the time thereof, no Default or Event of Default shall have occurred and be continuing. 

  
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 “Permitted Store Closings” means Store closures and related Inventory dispositions
which do not exceed (i) in any Fiscal Year of the Lead Borrower and its Subsidiaries, fifteen percent (15%) of the number of the Borrowers’ Stores as of the beginning of such Fiscal Year (net of new Store openings) and (ii) in the
aggregate from and after the Third Amendment Effective Date,
thirty percent (30%) of the number of the Borrowers’ Stores in existence as of the Third
Amendment Effective Date (net of new Store openings). 
 “Person”
means any natural person, corporation, limited liability company, trust, joint venture, association, company, partnership, limited partnership, Governmental Authority or other entity. 

“Plan” means (i) any employee benefit plan within the meaning of Section 3(3) of ERISA (including a Pension Plan but
excluding a Multiemployer Plan), maintained for employees
ofby the Lead Borrower or any ERISA Affiliate or (ii) any such
Planunder or with respect to which the Lead
Borrower or, solely with respect to a Pension Plan or Multiemployer Plan, anyhas any liability or contingent liability (including on account of ERISA
Affiliate is required to contribute on behalf of any of its
employees). 

“Platform” has the meaning provided therefor in Section 6.02. 

“Preferred
 Stock” means any Equity Interest with preferential rights of payment of dividends or upon liquidation, dissolution or winding up. 

“Pro Forma Availability Condition” shall mean, as of any date of calculation, Pro Forma Excess Availability will be equal to or
greater than twelve and one-half percent (12.5%) of the Loan Cap. 
 “Pro Forma Excess Availability” shall mean, as of any
date of calculation, after giving pro forma effect to the transaction then to be consummated or payment to be made, Availability as of the date of such transaction or payment and for each day of the thirty (30) day period immediately preceding
such transaction or payment. 
 “Pro Forma RP Availability Condition” shall mean, as of any date of calculation, Pro Forma Excess
Availability will be equal to or greater than fifteen percent (15%) of the Loan Cap. 
 “Public Company Costs” means charges associated with, or in anticipation of, or preparation for, (i) establishing compliance
with the Sarbanes-Oxley Act of 2002, as amended and the rules and regulations promulgated in connection therewith and charges relating to compliance with the provisions of the Securities Act and the Exchange Act, in each case as applicable to
companies with equity or debt securities held by the public, (ii) the rules of national securities exchange companies with listed equity or debt securities, (iii) employees’, consultants’, directors’ or managers’
compensation, fees and expense reimbursement, (iv) relating to investor relations, shareholder meetings and reports to shareholders or debtholders, (v) directors’ and officers’ insurance and other executive costs, (vi) legal
and other professional fees and listing fees, and (vii) other expenses arising out of or incidental to any of the foregoing. 

“Public
 Lender” has the meaning provided therefor in Section 6.02. 

  
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“Public Market” shall exist if (a) a Public
Offering has been consummated and (b) any Equity Interests of the Lead Borrower have been distributed by means of an effective registration statement under the Securities Act of 1933.

 “Public Offering” means a public
offering of the Equity Interests of the Lead Borrower pursuant to an effective registration statement under the Securities Act of
1933QFC” has the meaning assigned to the term “qualified financial contract” in, and shall be interpreted in
accordance with, 12 U.S.C. 5390(c)(8)(D). 
 “QFC Credit Support” has the meaning specified in Section 10.27. 
 “Qualified ECP Guarantor” means, at any time, each Loan Party with total assets
exceeding $10,000,000 or that qualifies at such time as an “eligible contract participant” under the Commodity Exchange Act and can cause another Person to qualify as an “eligible contract participant” at such time under
Section 1a(18)(A)(v)(II) of the Commodity Exchange Act. 

“Qualifying
 IPO” means (a) the initial underwritten public offering (other than a public offering pursuant to a registration statement on Form S-8) of Equity Interests in the IPO Entity, (b) any transaction or series of transactions that results
in any common Equity Interests of the IPO Entity being publicly traded on any United States national securities exchange or over the counter market, or any analogous exchange or market in Canada, the United Kingdom or any member country of the
European Union or (c) the acquisition, purchase, merger or combination of the IPO Entity, by, or with, a publicly traded special acquisition company. 

“Qualified
 Proceeds” means the fair market value of assets that are used or useful in, or Capital Stock of any Person engaged in, a Similar Business. 

“Real Estate” means all real property subject to a Lease and all land, together with the buildings, structures, parking areas, and
other improvements thereon, now or hereafter owned by any Loan Party, including all easements, rights-of-way, and similar rights relating thereto and all leases, tenancies, and occupancies thereof. 

“Recipient” means the Agent, any Lender, the L/C Issuer or any other recipient of any payment to be made by or on account of any
Obligation (excluding those on account of Other Liabilities) of any Loan Party hereunder. 
 “Register” has the meaning provided
therefor in Section 10.06(c). 
 “Registered Public Accounting Firm” has the meaning specified by the Securities Laws
and shall be independent of the Lead Borrower and its Subsidiaries as prescribed by the Securities Laws. 
 “Related Parties”
means, with respect to any Person, such Person’s Affiliates and the partners, directors, officers, employees, agents, trustees, administrators, managers, advisors and representatives of such Person and of such Person’s Affiliates. 

“Relevant
 Governmental Body” means the Board of Governors of the Federal Reserve System or the Federal Reserve Bank of New York, or a committee officially endorsed or convened by the Board of Governors of the Federal Reserve System or the Federal
Reserve Bank of New York, or any successor thereto. 

  
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 “Reportable Event” means any of the events set forth in Section 4043(c) of
ERISA, other than events for which the 30 day notice period has been waived. 
 “Reports” has the meaning provided therefor in
Section 9.12(b). 
 “Request for Credit Extension” means (a) with respect to a Borrowing, Conversion or
continuation of Revolving Loans, a Revolving Loan Notice, (b) with respect to an L/C Credit Extension, a Letter of Credit Application, and (c) with respect to a Swing Line Loan, a Swing Line Loan Notice. 

“Required Lenders” means, as of any date of determination, at least two Lenders holding more than 50% of the Aggregate Commitments
or, if the Aggregate Commitments have been terminated, at least two Lenders holding in the aggregate more than 50% of the Total Outstandings (with the aggregate amount of each Lender’s risk participation and funded participation in L/C
Obligations and Swing Line Loans being deemed “held” by such Lender for purposes of this definition); provided that the Commitment of, and the portion of the Total Outstandings held or deemed held by, any Defaulting Lender shall be
excluded for purposes of making a determination of Required Lenders. 
 “Rescindable Amount” has the meaning provided therefor in Section 9.16. 
 “Reserves” means all Inventory Reserves and Availability Reserves. The Agent shall
have the right, at any time and from time to time after the Closing Date in its Permitted Discretion to establish new, or modify or eliminate any existing, Reserves upon three (3) Business Days prior notice to the Lead Borrower (during which
period the Agent shall be available to discuss any such proposed Reserve with the Lead Borrower); provided that
(i) no such prior notice shall be required (i1) after the occurrence and during the continuance of an Event of
Default or
(ii2
) for changes to any Reserves resulting solely by virtue of mathematical calculations of the amount of the Reserve in accordance with the methodology of calculation previously disclosed and utilized, and (ii) upon such notice, the Borrowers will not be permitted to borrow so as to exceed the Borrowing Base after
giving effect to such new or modified Reserves. 
 “Resolution Authority” means an EEA Resolution Authority or, with respect to any UK Financial Institution, a UK
Resolution Authority. 
 “Responsible Officer” means the chief
executive officer, president, chief financial officer, treasurer or assistant treasurer of a Loan Party or any of the other individuals designated in writing to the Agent by an existing Responsible Officer of a Loan Party as an authorized signatory
of any certificate or other document to be delivered hereunder. Any document delivered hereunder that is signed by a Responsible Officer of a Loan Party shall be conclusively presumed to have been authorized by all necessary corporate, partnership
and/or other action on the part of such Loan Party and such Responsible Officer shall be conclusively presumed to have acted on behalf of such Loan Party. 

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

  
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of any thereof), or any option, warrant or other right to acquire any such dividend or other distribution or payment. Without limiting the foregoing, “Restricted Payments” with respect
to any Person shall also include all payments made by such Person with any proceeds of a dissolution or liquidation of such Person. 

“Restricted Subsidiary” means any Subsidiary of any Loan Party which is not an Unrestricted Subsidiary. 

“Revolving Borrowing” means a borrowing consisting of simultaneous Revolving Loans of the same Type and, in the case of LIBOR Rate
Loans, having the same Interest Period made by each of the Lenders pursuant to Section 2.01. 
 “Revolving Loan” means
an extension of credit by a Lender to a Borrower pursuant to Section 2.01. 
 “Revolving Loan Notice” means a notice of
(a) a Revolving Borrowing, (b) a Conversion of Revolving Loans from one Type to the other, or (c) a continuation of LIBOR Rate Loans, pursuant to Section 2.02(b), which, if in writing, shall be substantially in the form of
Exhibit A. 
 “Revolving Note” means a promissory note made by the Borrowers in favor of a Lender evidencing Revolving
Loans made by such Lender, substantially in the form of Exhibit C-1. 
 “RP Conditions” means, at the time of determination
with respect to the making of any Restricted Payment, that (a) no Specified Event of Default then exists or would arise as a result of the making of such Restricted Payment, (b) immediately after giving pro forma effect to such Restricted
Payment, the Pro Forma RP Availability Condition has been satisfied, (c) the Consolidated Fixed Charge Coverage Ratio for the Measurement Period preceding such Restricted Payment shall be greater than or equal to 1.0 to 1.0, provided
that the provisions of this clause (c) shall not be applicable if Availability, calculated in accordance with clause (b) hereof, immediately after giving pro forma effect to such Restricted Payment and for the thirty (30) day period
immediately preceding such Restricted Payment is greater than or equal to twenty percent (20%) of the Loan Cap; and (d) the Lead Borrower shall have delivered a Transaction Certificate to the Agent duly executed by a Responsible Officer of
the Lead Borrower and attaching evidence (reasonably detailed and reasonably satisfactory to the Agent) of satisfaction of the conditions contained in clauses (b) and (c) above, as applicable. 

“S&P” means Standard & Poor’s Ratings Services, a division of The McGraw-Hill Companies, Inc. and any successor
thereto. 
 “Sanction(s)” means any applicable economic sanction administered or enforced by the United States Government
(including, without limitation, OFAC), the European Union, Her Majesty’s Treasury (“HMT”) or other sanctions authority with applicable jurisdiction. 

“Sarbanes-Oxley” means the Sarbanes-Oxley Act of 2002. 

“Seasonal Advance Rate Increase Percentage” two and one-half percent (2.5%). 

“Seasonal Overadvance Period” shall mean the period in each year commencing September 1 and ending on December 31. 

  
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 “SEC” means the Securities and Exchange Commission, or any Governmental Authority
succeeding to any of its principal functions. 
 “Securities Act” means the Securities Act of 1933, as amended, and the rules and
regulations of the SEC promulgated thereunder. 

“Securities
 Laws” means the Securities Act of 1933,
the Securities Exchange Act of 1934, Sarbanes-Oxley, and the applicable accounting and auditing principles, rules, standards and practices
promulgated, approved or incorporated by the SEC or the PCAOB. 
 “Security Agreement” means the Security Agreement dated
as of the Closing Date among the Loan Parties and the Agent. 
 “Security Documents” means the Security Agreement, the Blocked
Account Agreements, the Credit Card Notifications, any Collateral Access Agreement, any Custom Broker/Carrier Agreement, and each other security agreement or other instrument or document executed and delivered to the Agent pursuant to this Agreement
or any other Loan Document granting a Lien to secure any of the Obligations. 
 “Settlement Date” has the meaning provided
therefor in Section 2.14(a). 
 “Shareholders’ Equity” means, as of any date of determination, consolidated
shareholders’ equity of the Lead Borrower and its Subsidiaries as of that date determined in accordance with GAAP. 

“Shrink” means Inventory which has been lost, misplaced, stolen, or is otherwise unaccounted for. 

“Similar Business”
 means (1) any business conducted or proposed to be conducted by the Borrower or any Restricted Subsidiary on the Closing Date or (2) any business or other activities that are reasonably similar, ancillary, incidental, complementary or
related to (including non-core incidental businesses acquired in connection with any Permitted Investment), or a reasonable extension, development or expansion of, the businesses that the Borrower and its Restricted Subsidiaries conduct or propose
to conduct on the Closing Date. 
 “SOFR” has the meaning provided therefor in the definition of “Daily Simple SOFR”. 

“SOFR
Early Opt-in” means the Agent and the Lead Borrower have elected to replace LIBOR pursuant to (1) an Early Opt-in Election and (2) Section 3.03(c)(i) and paragraph (1) of the definition of “Benchmark
Replacement”. 
 “Solvent” and “Solvency” means, with
respect to any Person and its Restricted Subsidiaries on a Consolidated basis on a particular date, that on such date (a) at fair valuation, all of the properties and assets of such Person are greater than the sum of the debts, including
contingent liabilities, of such Person, (b) the present fair saleable value of the properties and assets of such Person is not less than the amount that would be required to pay the probable liability of such Person on its debts as they become
absolute and matured, (c) such Person is able to realize upon its properties and assets and pay its debts and other liabilities, contingent obligations and other commitments as they mature in the normal course of business, (d) such Person
does not intend to, and does not believe that it will, incur debts beyond such Person’s ability to pay as such debts mature, (e) such Person is not engaged in a business or a transaction, and is not about to engage in a business or
transaction, for which such Person’s properties and assets would constitute unreasonably small capital after giving due consideration to the prevailing practices in 

  
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the industry in which such Person is engaged, and (f) such Person is not “insolvent” within the meaning of Section 101 (32) of the Bankruptcy Code. The amount of all
guarantees and other contingent liabilities at any time shall be computed as the amount that, in light of all the facts and circumstances existing at the time, can reasonably be expected to become an actual or matured liability. 

“Specified Availability” means the sum of (a) Availability and (b) the amount by which the Borrowing Base at such time
exceeds the Aggregate Commitments up to an amount not to exceed 2.5% of the Aggregate Commitments. 
 “Specified Event of Default”
means the occurrence of any Event of Default described in any of Sections 8.01(a), 8.01(b) (due to a failure to comply with Section 6.02(c), Section 6.12 or Section 7.15), 8.01(d) (due to any material
misrepresentation with respect to a Borrowing Base certification to the extent not corrected within three (3) Business Days following the provision thereof, if capable of cure thereby) or 8.01(f). 

“Specified Loan Party” means any Loan Party that is not then an “eligible contract participant” under the Commodity
Exchange Act (determined prior to giving effect to Section 10.25). 
 “Sponsor” means, collectively, Sycamore Partners
Management L.L.C. and any of its respective Affiliates and funds or partnerships managed or advised by it (including Sycamore Partners, L.P. and Sycamore Partners A, L.P.), but not including, however, any portfolio company of any of the foregoing.

 “Sponsor Management Agreement” means that certain Advisory Agreement, dated as of May 1, 2015 by and between Sycamore
Partners Management, L.L.C., TopCo, and the Loan Parties, as amended, modified, supplemented or otherwise modified from time to time in accordance with the terms hereof and thereof. 

“Standby Letter of Credit” means any Letter of Credit that is not a Commercial Letter of Credit and that (a) is used in lieu or
in support of performance guaranties or performance, surety or similar bonds (excluding appeal bonds) arising in the ordinary course of business, (b) is used in lieu or in support of stay or appeal bonds, (c) supports the payment of
insurance premiums for reasonably necessary casualty insurance carried by any of the Loan Parties, or (d) supports payment or performance for identified purchases or exchanges of products or services in the ordinary course of business. 

“Stated Amount” means at any time the maximum amount for which a Letter of Credit may be honored. 

“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 FRB to which the Agent is subject with respect to the Adjusted LIBOR 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. LIBOR Rate 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 such Regulation D or any comparable regulation. The Statutory Reserve Rate shall be adjusted automatically on and as of the effective date of any change in any reserve
percentage. 

  
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 “Store” means any retail store (which may include any Real Estate, fixtures,
Equipment, Inventory and other property related thereto) operated, or to be operated, by any Loan Party. 
 “Subordinated
Indebtedness” means Indebtedness which is expressly subordinated in right of payment to the prior payment in full of the Obligations and which is in form and on terms reasonably approved in writing by the Agent, including, without limitation, the Intercompany Subordinated Indebtedness. 

“Subsidiary” of a Person means a corporation, partnership, joint venture, limited liability company or other business entity of
which a majority of the 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. 

“Supported
 QFC” has the meaning specified in Section 10.27. 
 “Swap
Contract” means (a) any and all rate swap transactions, basis swaps, credit derivative transactions, forward rate transactions, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond
or bond price or bond index swaps or options or forward bond or forward bond price or forward bond index transactions, interest rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency
swap transactions, cross-currency rate swap transactions, currency options, spot contracts, or any other similar transactions or any combination of any of the foregoing (including any options to enter into any of the foregoing), whether or not any
such transaction is governed by or subject to any master agreement, and (b) any and all transactions of any kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement published
by the International Swaps and Derivatives Association, Inc., any International Foreign Exchange Master Agreement, or any other master agreement (any such master agreement, together with any related schedules, a “Master Agreement”),
including any such obligations or liabilities under any Master Agreement. 
 “Swap Obligations” means, with respect to any Loan
Party, any obligation of such Loan Party to pay or perform under any agreement, contract or transaction that constitutes a “swap” within the meaning of Section 1a(47) of the Commodity Exchange Act. 

“Swap Termination Value” means, in respect of any one or more Swap Contracts, after taking into account the effect of any legally
enforceable netting agreement relating to such Swap Contracts, (a) for any date on or after the date such Swap Contracts have been closed out and termination value(s) determined in accordance therewith, such termination value(s), and
(b) for any date prior to the date referenced in clause (a), the amount(s) reasonably determined as the mark-to-market value(s) for such Swap Contracts, as determined based upon one or more mid-market or other readily available quotations
provided by any recognized dealer in such Swap Contracts (which may include a Lender or any Affiliate of a Lender). 
 “Swing Line
Borrowing” means a borrowing of a Swing Line Loan pursuant to Section 2.04. 
 “Swing Line Lender” means Bank of
America, in its capacity as provider of Swing Line Loans, or any successor swing line lender hereunder. 

  
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 “Swing Line Loan” has the meaning provided therefor in
Section 2.04(a). 
 “Swing Line Loan Notice” means a notice of a Swing Line Borrowing pursuant to
Section 2.04(b), which, if in writing, shall be substantially in the form of Exhibit B. 
 “Swing Line Note”
means the promissory note of the Borrowers substantially in the form of Exhibit C-2, payable to the Swing Line Lender, evidencing the Swing Line Loans made by the Swing Line Lender. 

“Swing Line Sublimit” means an amount equal to the lesser of (a) $20,000,000 and (b) the Aggregate Commitments. The Swing
Line Sublimit is part of, and not in addition to, the Aggregate Commitments. A permanent reduction of the Aggregate Commitments shall not require a corresponding pro rata reduction in the Swing Line Sublimit; provided, however, that if the Aggregate
Commitments are reduced to an amount less than the Swing Line Sublimit, then the Swing Line Sublimit shall be reduced to an amount equal to (or, at Lead Borrower’s option, less than) the Aggregate Commitments. 

“Synthetic Lease Obligation” means the monetary obligation of a Person under (a) a so-called synthetic, off-balance sheet or
tax retention lease, or (b) an agreement for the use or possession of property (including sale and leaseback transactions), in each case, creating obligations that do not appear on the balance sheet of such Person but which, upon the
application of any Debtor Relief Laws to such Person, would be characterized as the indebtedness of such Person (without regard to accounting treatment). 

“Taxes” means all present or future taxes, levies, imposts, duties, deductions, withholdings (including backup withholding),
assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto. 

“Term Loan Credit Agreement” means the Term Loan Credit Agreement, dated as of the FirstThird Amendment Effective Date, among Holdings, the Lead Borrower, Cortland Capital Market Services LLCBank of America, as administrative agent and collateral agent, and the
lenders from time to time parties thereto, as such agreement may be amended, supplemented, waived or otherwise modified from time to time to the extent permitted hereunder and any Permitted Refinancing in respect thereof (unless such agreement,
instrument or document expressly provides that it is not intended to be and is not a Term Loan Credit Agreement) in each case to the extent permitted hereunder. 

“Term Loan Documents” means, collectively, (i) the Term Loan Credit Agreement and (ii) the security documents,
intercreditor agreements (including the ABL Intercreditor Agreement), guarantees, joinders and other agreements or instruments executed in connection with the Term Loan Facility or such other agreements, in each case, as amended, modified,
supplemented, substituted, replaced, restated or refinanced, in whole or in part, from time to time including in connection with Permitted Refinancing of the Term Loan Facility. 

“Term Loan Facility” means the collective reference to the Term Loan Credit Agreement, the Term Loan Documents, any notes issued
pursuant thereto and any guarantee, security agreement, patent, trademark or copyright security agreements, mortgages and other guarantees, pledge agreements, security agreements and collateral documents, and other instruments and documents,
executed and delivered pursuant to or in connection with any of the foregoing, in each case as the same may be amended, supplemented, waived or otherwise modified from time to time to the extent permitted hereunder and any Permitted Refinancing in
respect thereof (unless such agreement, instrument or document expressly provides that it is not intended to be and is not a Term Loan Facility), in each case to the extent permitted hereunder. 

  
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 “Term Loan Obligations” means “Obligations” as defined in the Term Loan
Facility as in effect on the date
hereofThird Amendment Effective Date. 

“Term
SOFR” means, for the applicable corresponding tenor (or if any Available Tenor of a Benchmark does not correspond to an Available Tenor for the applicable Benchmark Replacement, the closest corresponding Available Tenor and if such Available
Tenor corresponds equally to two Available Tenors of the applicable Benchmark Replacement, the corresponding tenor of the shorter duration shall be applied), the forward-looking term rate based on SOFR that has been selected or recommended by the
Relevant Governmental Body. 
 “Termination Date” means the earliest
to occur of (a) the Maturity Date, (b) the date on which the maturity of the Obligations (excluding Other Liabilities) is accelerated (or deemed accelerated) and the Aggregate Commitments are irrevocably terminated (or deemed terminated)
in accordance with Article VIII, or (c) the termination of the Aggregate Commitments in accordance with the provisions of Section 2.06 hereof. 

“Third
Amendment” means that certain Third Amendment to Amended and Restated Credit Agreement by and among the Loan Parties, the Lenders party thereto, and the Agent, dated as of the Third Amendment Effective Date. 

“Third
Amendment Confirmation and Ratification Agreement” means that certain Confirmation and Ratification Agreement dated as of the Third Amendment Effective Date by and among the Loan Parties and the Agent. 

“Third
Amendment Effective Date” means June 14, 2021. 
 “Third Amendment Effective Date Distribution” means a special cash dividend to the direct and indirect holders of
Equity Interests of the Lead Borrower made on or about the Third Amendment Effective Date; provided such Third Amendment Effective Date Distribution shall not use proceeds of any Revolving Loan unless otherwise pro forma compliant with the Payment
Conditions. 
 “Third Amendment Fee Letter” means the letter entitled “Fee Letter” among the Borrowers and the Agent
dated as of June 14, 2021. 
 “Total Assets” means, at any time,
the total assets of the Borrowers and the Restricted Subsidiaries, determined on a consolidated basis in accordance with GAAP, as shown on the then most recent balance sheet of the Lead Borrower or such other Person as may be available (as
determined in good faith by the Lead Borrower). 
 “Total Net Leverage Ratio” means, with respect to any Measurement Period, the
ratio of (a) Consolidated Total Debt outstanding as of the last day of such Measurement Period to (b) Consolidated EBITDA of the Borrowers and their Restricted Subsidiaries for such Measurement Period, in each case on a pro forma
basis with such pro forma adjustments as are appropriate. 
 “Total Outstandings” means the aggregate Outstanding Amount of
all Loans and all L/C Obligations. 

  
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 “Trademark” has the meaning set forth in the Security Agreement. 

“Trading withWith the Enemy Act” has the meaning provided therefor in
Section 10.18. 
 “Transaction Certificate” means a certificate substantially in the form of Exhibit H.

 “Transactions” shall mean the amendment and restatement of the Existing Credit Agreement the transactions that occurred on the
Effective Date. 
 “Type” means, with respect to a Revolving Loan, its character as a Base Rate Loan or a LIBOR Rate Loan. 

“UCC” or “Uniform Commercial Code” means the Uniform Commercial Code as in effect from time to time in the State of New
York; provided, however, that if a term is defined in Article 9 of the Uniform Commercial Code differently than in another Article thereof, the term shall have the meaning set forth in Article 9; provided further that, if by reason of mandatory
provisions of law, perfection, or the effect of perfection or non-perfection, or priority of a security interest in any Collateral or the availability of any remedy hereunder is governed by the Uniform Commercial Code as in effect in a jurisdiction
other than the State of New York, “Uniform Commercial Code” means the Uniform Commercial Code as in effect in such other jurisdiction for purposes of the provisions hereof relating to such perfection or effect of perfection or
non-perfection, or priority, or availability of such remedy, as the case may be. 
 “UCP 600” means, with respect to any Letter of
Credit, the Uniform Customs and Practice for Documentary Credits, International Chamber of Commerce (“ICC”) Publication No. 600 (or such later version thereof as may be in effect at the time of issuance). 

“UFCA” has the meaning provided therefor in Section 10.21(d). 

“UFTA” has the meaning provided therefor in Section 10.21(d). 

“UK
Financial Institution” means any BRRD Undertaking (as defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any Person subject to IFPRU 11.6 of the FCA Handbook (as
amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms. 

“UK
Resolution Authority” means the Bank of England or any other public administrative authority having responsibility for the resolution of any UK Financial Institution. 

“Unintentional Overadvance” means an Overadvance which, to the Agent’s knowledge, did not constitute an Overadvance when made
but which has become an Overadvance resulting from changed circumstances beyond the control of the Credit Parties, including, without limitation, a reduction in the Appraised Value of property or assets included in the Borrowing Base or
misrepresentation by the Loan Parties. 
 “United States” and “U.S.” mean the United States of America. 

“Unreimbursed Amount” has the meaning provided therefor in Section 2.03(c)(i). 

 

  
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 “Unrestricted Subsidiary” means a Subsidiary of a Loan Party designated by
Holdings’
boardBoard of
directorsDirectors as such in accordance with
Section 6.18. 
 “U.S. Person” means any Person that is a “United States Person” as defined in
Section 7701(a)(30) of the Code. 

“U.S.
Special Resolution Regimes” has the meaning specified in Section 10.27. 

“U.S. Tax Compliance Certificate” has the meaning provided therefor in Section 3.01(e)(ii)(B)(III). 

“Voting
Stock” of any Person as of any date means the Capital Stock of such Person that is at the time entitled to vote in the election of the Board of Directors of such Person. 

“Wells Fargo” means Wells Fargo Bank, National Association. 

“Wholly-Owned Subsidiary” means, with respect to any Person, any corporation, partnership or other entity of which all of the Equity
Interests (other than, in the case of a corporation, directors’ qualifying shares) are directly or indirectly owned or controlled by such Person or one or more Wholly-Owned Subsidiaries of such Person or by such Person and one or more
Wholly-Owned Subsidiaries of such Person. 
 “Write-Down and Conversion Powers” means, with respect to any EEA Resolution Authority,
(a) the write-down and conversion powers of
suchthe
applicable 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; or (b) with respect to the United Kingdom, any powers of the applicable Resolution Authority under the Bail-In
Legislation to cancel, reduce, modify or change the form of a liability of any UK Financial Institution or any contract or instrument under which that liability arises, to convert all or part of that liability into shares, securities or obligations
of that Person or any other Person, to provide that any such contract or instrument is to have effect as if a right had been exercised under it or to suspend any obligation in respect of that liability or any of the powers under that Bail-In
Legislation that are related to or ancillary to any of those powers. 
 1.02
Other Interpretive Provisions. With reference to this Agreement and each other Loan Document, unless otherwise specified herein or in such other Loan Document: 

(a) The 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 or other document (including any Organization Document) shall be construed as referring to such agreement, instrument or other document as from time to time amended, restated, amended and restated, supplemented or otherwise
modified (subject to any restrictions on such amendments, restatements, amendment and restatements, supplements or modifications set forth herein or in any other Loan Document), (ii) any reference herein to any Person shall be construed to
include such Person’s successors and assigns, (iii) the words “herein,” “hereof” and “hereunder,” and words of similar import when used in any Loan Document, shall be construed to refer to
such Loan Document in its entirety and not to any particular provision thereof, (iv) all references in a 

  
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Loan Document to Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Exhibits and Schedules to, the Loan Document in which such references
appear, (v) any reference to any law shall include all statutory and regulatory rules, regulations, orders, and provisions consolidating, amending, replacing or interpreting such law and any reference to any law or regulation shall, unless
otherwise specified, refer to such law or regulation as amended, modified or supplemented from time to time, and (vi) 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. 

(b) In the computation of periods of time from a specified date to a later specified date, the word “from”
means “from and including;” the words “to” and “until” each mean “to but excluding;” and the word “through” means “to and including.” 

(c) Section headings herein and in the other Loan Documents are included for convenience of reference only and shall not affect
the interpretation of this Agreement or any other Loan Document. 
 (d) Any reference herein or in any other Loan Document to
the satisfaction, repayment, or payment in full of the Obligations shall mean (i) the repayment in Dollars in full in cash or immediately available funds (or, in the case of contingent reimbursement obligations with respect to Letters of Credit
and Bank Products (other than Swap Contracts), providing Cash Collateralization) of all of the Obligations (including the payment of any termination amount then applicable (or which would or could become applicable as a result of the repayment of
the other Obligations) under Swap Contracts) other than (x) unasserted contingent indemnification Obligations, (y) any Obligations relating to Bank Products (including Swap Contracts) that, at such time, are allowed by the applicable Bank
Product provider to remain outstanding without being required to be repaid or Cash Collateralized, and (y) any Obligations relating to Cash Management Services that, at such time, are allowed by the applicable provider of such Cash Management
Services to remain outstanding without being required to be repaid, and (ii) the termination of the Aggregate Commitments and the obligation of the L/C Issuer to issue Letters of Credit hereunder. 

1.03 Accounting Terms. 

(a) Generally. All accounting terms not specifically or completely defined herein shall be construed in conformity with, and all
financial data (including financial ratios and other financial calculations) required to be submitted pursuant to this Agreement shall be prepared in conformity with, GAAP applied on a consistent basis, as in effect from time to time, applied in a
manner consistent with that used in preparing the financial statements and related materials described in Sections 6.01(a), except as otherwise specifically prescribed herein. 

(b) Changes in GAAP. If at any time any change in GAAP would affect the computation of any financial ratio or requirement set forth in
any Loan Document, and either the Lead Borrower or the Required Lenders shall so request, the Agent, the Lenders and the Lead Borrower shall negotiate in good faith to amend such ratio or requirement to preserve the original intent thereof in light
of such change in GAAP (subject to the approval of the Required Lenders); provided that, until so amended, (i) such ratio or requirement shall continue to be computed in accordance with GAAP prior to such change therein and (ii) the
Lead Borrower shall provide to the Agent and the Lenders financial statements and other documents required under this 

  
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Agreement or as reasonably requested hereunder setting forth a reconciliation between calculations of such ratio or requirement made before and after giving effect to such change in GAAP. Without limiting the foregoing and notwithstanding any other
provisionNotwithstanding anything to the contrary
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, in a manner such that any obligations relating to aabove, in the definition of
“Attributable Indebtedness” or in the definition of “Capital Lease Obligation,” at the time any determination thereof is to be made, the applicable amount shall be the amount of liability in respect of a capital lease
(“finance lease” following the Lead Borrower’s adoption of Accounting Standards Codification Topic 842 Leases, ASC 842) that would at such time be required to be capitalized and reflected as a capital lease
that,on a balance sheet prepared in accordance
with GAAP as in effect on the Effective Date, would be accounted for by the Borrowers as an operating lease shall be accounted for as obligations relating to an
operating lease and not as Capitalized. Any finance lease or similar obligations that would not
constitute a finance lease prior to the Lead Borrower’s adoption of Accounting Standards Codification Topic 842 Leases, ASC 842, shall be deemed not to represent Capital Lease
Obligations (and shall not
constituteor Indebtedness hereunder). 

1.04 Rounding. Any financial ratios required to be maintained by the Loan Parties pursuant to this Agreement shall be calculated by
dividing the appropriate component by the other component, carrying the result to one place more than the number of places by which such ratio is expressed herein and rounding the result up or down to the nearest number (with a rounding-up if there
is no nearest number). 
 1.05 Times of Day. Unless otherwise specified, all references herein to times of day shall be references to
Eastern time (daylight or standard, as applicable). 
 1.06 Letter of Credit Amounts. Unless otherwise specified, all references
herein to the amount of a Letter of Credit at any time shall be deemed to be the Stated Amount of such Letter of Credit in effect at such time; provided, however, that with respect to any Letter of Credit that, by its terms or the terms of any
Issuer Documents related thereto, provides for one or more automatic increases in the Stated Amount thereof, the amount of such Letter of Credit shall be deemed to be the maximum Stated Amount of such Letter of Credit after giving effect to all such
increases, whether or not such maximum Stated Amount is in effect at such time. 
 1.07 Certifications. All certifications to be made
hereunder by an officer or representative of a Loan Party shall be made by such Person in his or her capacity solely as an officer or a representative of such Loan Party, on such Loan Party’s behalf and not in such Person’s individual
capacity. 
 1.08 Divisions. 

For all purposes under the Loan Documents, in connection with any division or plan of division under Delaware law (or any comparable event
under a different jurisdiction’s laws): (a) if any asset, right, obligation or liability of any Person becomes the asset, right, obligation or liability of a different Person, then it shall be deemed to have been transferred from the
original Person to the subsequent Person, and (b) if any new Person comes into existence, such new Person shall be deemed to have been organized on the first date of its existence by the holders of its Equity Interests at such time. 

1.09 LIBOR Discontinuation. 

  
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Notwithstanding anything to the contrary in this Agreement or
any other Loan Documents, if the Agent determines (which determination shall be conclusive absent manifest error), or the Lead Borrower or Required Lenders notify the Agent (with, in the case of the Required Lenders, a copy to the Lead Borrower)
that the Lead Borrower or Required Lenders (as applicable) have determined, that: 

(a) adequate and reasonable means do not exist for
ascertaining the London Interbank Offered Rate (“LIBOR”) as used in the definition of “LIBOR Rate” for any requested Interest Period, including, without limitation, because the LIBOR Screen Rate is not available or published on a
current basis and such circumstances are unlikely to be temporary; or 
 (b) the administrator of the LIBOR Screen Rate or a Governmental Authority having jurisdiction over the Agent has made a public statement identifying a specific date after
which LIBOR or the LIBOR Screen Rate shall no longer be made available, or used for determining the interest rate of loans (such specific date, the “Scheduled Unavailability Date”),
or 
 (c) syndicated loans currently being executed, or that include language similar to that contained in this Section, are being executed or amended (as applicable) to
incorporate or adopt a new benchmark interest rate to replace LIBOR, 
 then, reasonably promptly after such determination by the Agent or receipt by the Agent of such notice, as applicable, the Agent and the Lead Borrower may amend this
Agreement to replace LIBOR with an alternate benchmark rate (including any mathematical or other adjustments to the benchmark (if any) incorporated therein) (any such proposed rate, a “LIBOR Successor Rate”), together with any
proposed LIBOR Successor Rate Conforming Changes (as defined below) and any such amendment shall become effective at 5:00 p.m. (New York time) on the fifth Business Day after the Agent shall have posted such proposed amendment to all Lenders and the
Lead Borrower unless, prior to such time, Lenders comprising the Required Lenders have delivered to the Agent written notice that such Required Lenders do not accept such amendment.

 If no LIBOR Successor Rate has been determined
and the circumstances under clause (i) above exist or the Scheduled Unavailability Date has occurred (as applicable), the Agent will promptly so notify the Lead Borrower and each Lender. Thereafter, (x) the obligation of the Lenders to
make or maintain LIBOR Rate Loans shall be suspended, (to the extent of the affected LIBOR Rate Loans or Interest Periods), and (y) the LIBOR Rate component shall no longer be utilized in determining the Base Rate. Upon receipt of such notice,
the Lead Borrower may revoke any pending request for a Borrowing of, conversion to or continuation of LIBOR Rate Loans (to the extent of the affected LIBOR Rate Loans or Interest Periods) or, failing that, will be deemed to have converted such
request into a request for a Borrowing of Base Rate Loans (subject to the foregoing clause (y)) in the amount specified therein. 

Notwithstanding anything else herein, any definition of
LIBOR Successor Rate shall provide that in no event shall such LIBOR Successor Rate be less than zero for purposes of this Agreement. 

As used in this Section 1.08: 

“LIBOR Screen Rate “ means the LIBOR quote
on the applicable screen page the Agent designates to determine LIBOR (or such other commercially available source providing such quotations as may be designated by the Agent from time to
time). 

  
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“LIBOR Successor Rate Conforming Changes”
means, with respect to any proposed LIBOR Successor Rate, any conforming changes to the definition of Base Rate, Interest Period, timing and frequency of determining rates and making payments of interest and other administrative matters as may be
appropriate, in the discretion of the Agent, to reflect the adoption of such LIBOR Successor Rate and to permit the administration thereof by the Agent in a manner substantially consistent with market practice (or, if the Agent determines that
adoption of any portion of such market practice is not administratively feasible or that no market practice for the administration of such LIBOR Successor Rate exists, in such other manner of administration as the Agent determines in consultation
with the Lead Borrower). 
 1.09 Interest Rates. The Agent does not warrant, nor accept responsibility, nor shall the Agent have any liability
with respect to the administration, submission or any other matter related to the rates in the definition of “LIBOR Rate” or with respect to any rate that is an alternative or replacement for or successor to any of such rate (including,
without limitation, any Benchmark Replacement) or the effect of any of the foregoing, or of any Benchmark Replacement Conforming Changes. 

ARTICLE II 
 THE
COMMITMENTS AND CREDIT EXTENSIONS 
 2.01 Revolving Loans.
Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “Revolving Loan”) to the Borrowers from time to time, on any Business Day during the Availability Period, in an
aggregate amount not to exceed at any time outstanding the lesser of (x) the amount of such Lender’s Commitment, or (y) such Lender’s Applicable Percentage of the Borrowing Base; 

provided that: 

(a) after giving effect to any Revolving Borrowing, (x) the Total Outstandings shall not exceed the Loan Cap, and
(y) the aggregate Outstanding Amount of the Revolving Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the
Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s Commitment; and 
 (b) the Outstanding Amount
of all L/C Obligations shall not at any time exceed the Letter of Credit Sublimit. 
 Within the limits of each Lender’s Commitments, and subject to
the other terms and conditions hereof, the Borrowers may borrow under this Section 2.01, prepay under Section 2.05, and reborrow under this Section 2.01. 

2.02 Borrowings, Conversions and Continuations of Revolving Loans. 

(a) Revolving Loans (other than Swing Line Loans) shall be either Base Rate Loans or LIBOR Rate Loans as the Lead Borrower may request subject
to and in accordance with this Section 2.02. All Swing Line Loans shall be only Base Rate Loans. Subject to the other provisions of this Section 2.02, Revolving Borrowings of more than one Type may be incurred at the same
time. 

  
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 (b) Each Revolving Borrowing, each Conversion of Revolving Loans from one Type to the other,
and each continuation of LIBOR Rate Loans shall be made upon the Lead Borrower’s irrevocable notice to the Agent, which may be given by telephone. Each such notice must be received by the Agent not later than 1:00 p.m. (i) three
(3) Business Days prior to the requested date of any Borrowing of, Conversion to or continuation of LIBOR Rate Loans or of any Conversion of LIBOR Rate Loans to Base Rate Loans, and (ii) on the requested date of any Borrowing of Base Rate
Loans. Each telephonic notice by the Lead Borrower pursuant to this Section 2.02(b) must be confirmed promptly by delivery to the Agent of a written Revolving Loan Notice, appropriately completed and signed by a Responsible Officer of
the Lead Borrower. Each Borrowing of, Conversion to or continuation of LIBOR Rate Loans shall be in a principal amount of $1,000,000 or a whole multiple of $500,000 in excess thereof. Except as provided in Sections 2.03(c) and 2.04(c),
each Borrowing of or Conversion to Base Rate Loans shall be in such minimum amounts as the Agent may require. Each Revolving Loan Notice (whether telephonic or written) shall specify (i) whether the Lead Borrower is requesting a Revolving
Borrowing, a Conversion of Revolving Loans from one Type to the other, or a continuation of LIBOR Rate Loans, (ii) the requested date of the Borrowing, Conversion or continuation, as the case may be (which shall be a Business Day),
(iii) the principal amount of Revolving Loans to be borrowed, Converted or continued, (iv) the Type of Revolving Loans to be borrowed or to which existing Revolving Loans are to be Converted, and (v) if applicable, the duration of the
Interest Period with respect thereto. 
 If the Lead Borrower fails to specify a Type of Revolving Loan in a Revolving Loan Notice or if the
Lead Borrower fails to give a timely notice requesting a Conversion or continuation of a LIBOR Rate Loan, then the applicable Revolving Loans shall be made as, or Converted to, Base Rate Loans. Any such automatic Conversion to Base Rate Loans shall
be effective as of the last day of the Interest Period then in effect with respect to the applicable LIBOR Rate Loans. If the Lead Borrower requests a Borrowing of, Conversion to, or continuation of LIBOR Rate Loans in any such Revolving Loan
Notice, but fails to specify an Interest Period, it will be deemed to have specified an Interest Period of one month. Notwithstanding anything to the contrary herein, a Swing Line Loan may not be Converted to a LIBOR Rate Loan. 

(c) Following receipt of a Revolving Loan Notice, the Agent shall promptly notify each Lender of the amount of its Applicable Percentage of the
applicable Revolving Loans, and if no timely notice of a Conversion or continuation is provided by the Lead Borrower, the Agent shall notify each Lender of the details of any automatic Conversion of LIBOR Rate Loans to Base Rate Loans described in
Section 2.02(b). In the case of a Revolving Borrowing, each Lender shall make the amount of its Revolving Loan available to the Agent in immediately available funds at the Agent’s Office not later than 1:00 p.m. on the Business Day
specified in the applicable Revolving Loan Notice. Upon satisfaction of the applicable conditions set forth in Section 4.02 (and, if such Borrowing is the initial Credit Extension, Section 4.01), the Agent shall use
reasonable efforts to make all funds so received available to the Borrowers in like funds by no later than 4:00 p.m. on the day of receipt by the Agent either by (i) crediting the account of the Lead Borrower on the books of Bank of America
with the amount of such funds or (ii) wire transfer of such funds, in each case in accordance with instructions provided to (and reasonably acceptable to) the Agent by the Lead Borrower; provided, however, that if, on the date the
Revolving Loan Notice with respect to such Borrowing is given by the Lead Borrower, there are L/C Borrowings outstanding, then the proceeds of such Borrowing, first, shall be applied to the payment in full of any such L/C Borrowings, and
second, shall be made available to the Borrowers as provided above. 
 (d) The Agent, without the request of the Lead Borrower, may
advance any interest, fee, service charge (including direct wire fees), expenses, or other payment to which any Credit Party is entitled from the Loan Parties pursuant hereto or any other Loan Document and may charge the same to the Loan Account
notwithstanding that an Overadvance may result thereby. The Agent shall advise the 

  
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 Lead Borrower of any such advance or charge promptly after the making thereof. Such action on the part of
the Agent shall not constitute a waiver of the Agent’s rights and the Borrowers’ obligations under Section 2.05(c). Any amount which is added to the principal balance of the Loan Account as provided in this
Section 2.02(d) shall bear interest at the interest rate then and thereafter applicable to Revolving Loans which are Base Rate Loans. 

(e) Except as otherwise provided herein, a LIBOR Rate Loan may be continued or Converted only on the last day of an Interest Period for such
LIBOR Rate Loan. During the existence of a Default or an Event of Default, no Loans may be requested as, Converted to or continued as LIBOR Rate Loans without the Consent of the Required Lenders. 

(f) The Agent shall promptly notify the Lead Borrower and the Lenders of the interest rate applicable to any Interest Period for LIBOR Rate
Loans upon determination of such interest rate. At any time that Base Rate Loans are outstanding, the Agent shall notify the Lead Borrower and the Lenders of any change in Bank of America’s prime rate used in determining the Base Rate promptly
following the public announcement of such change. 
 (g) After giving effect to all Revolving Borrowings, all Conversions of Revolving Loans
from one Type to the other, and all continuations of Revolving Loans as the same Type, there shall not be more than five (5) Interest Periods in effect with respect to LIBOR Rate Loans. 

(h) The Agent, the Lenders, the Swing Line Lender and the L/C Issuer shall have no obligation to make any Loan or to provide any Letter of
Credit if an Overadvance would result. The Agent may, in its Permitted Discretion, make Permitted Overadvances without the consent of the Borrowers, the Lenders, the Swing Line Lender and the L/C Issuer and the Borrowers, the Swing Line Lender, and
each Lender and L/C Issuer shall be bound thereby. Any Permitted Overadvance may constitute a Swing Line Loan. A Permitted Overadvance is for the account of the Borrowers and shall constitute a Revolving Loan bearing interest at the Base Rate and an
Obligation and shall be repaid by the Borrowers in accordance with the provisions of Section 2.05(c). The making of any such Permitted Overadvance on any one occasion shall not obligate the Agent or any Lender to make or permit any
Permitted Overadvance on any other occasion or to permit such Permitted Overadvances to remain outstanding. The making by the Agent of a Permitted Overadvance shall not modify or abrogate any of the provisions of Section 2.03 regarding
the Lenders’ obligations to purchase participations with respect to Letters of Credit or of Section 2.04 regarding the Lenders’ obligations to purchase participations with respect to Swing Line Loans. The Agent shall have no
liability for, and no Loan Party or Credit Party shall have the right to, or shall, bring any claim of any kind whatsoever against the Agent with respect to Unintentional Overadvances regardless of the amount of any such Overadvances. No portion of any Loan shall be funded or held with “plan assets” within the meaning of Section 3(42) of
ERISA. 
 2.03 Letters of Credit. 

(a) The Letter of Credit Commitment. 

(i) Subject to the terms and conditions set forth herein, (A) the L/C Issuer agrees, in reliance upon the agreements of the Lenders set
forth in this Section 2.03, (1) from time to time on any Business Day during the period from the Closing Date until the Letter of Credit Expiration Date, to issue Letters of Credit for the account of the Loan Parties (including on
behalf of any Restricted Subsidiary, Affiliate or holding company thereof; provided that if such Affiliate or holding company is not a Loan Party, a Loan Party shall be a co-applicant thereto), and to amend or extend Letters of Credit
previously issued by it, in accordance with Section 2.03(b) below, and (2) to honor drawings under the 

  
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Letters of Credit; and (B) the Lenders severally agree to participate in Letters of Credit issued for the account of the Loan Parties (including on behalf of any Restricted Subsidiary
thereof) and any drawings thereunder; provided that after giving effect to any L/C Credit Extension with respect to any Letter of Credit, (x) the Total Outstandings shall not exceed the Loan Cap, (y) the aggregate Outstanding Amount
of the Revolving Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans shall
not exceed such Lender’s Commitment, and (z) the Outstanding Amount of the L/C Obligations shall not exceed the Letter of Credit Sublimit. Each request by the Lead Borrower for the issuance or amendment of a Letter of Credit shall be
deemed to be a representation by the Borrowers that the L/C Credit Extension so requested complies with the conditions set forth in the proviso to the preceding sentence. Within the foregoing limits, and subject to the terms and conditions hereof,
the Borrowers’ ability to obtain Letters of Credit shall be fully revolving, and accordingly the Borrowers may, during the foregoing period, obtain Letters of Credit to replace Letters of Credit that have expired or that have been drawn upon
and reimbursed. All Existing
LettersNo portion of any Letter of Credit shall be
deemed to have been issued pursuant hereto, and shall be subject to and governed by the terms and conditions hereoffunded or held with “plan assets” within the meaning of Section 3(42) of ERISA. 
 (ii) The L/C Issuer shall not issue any Letter of Credit, if: 

(A) subject to Section 2.03(b)(iii), the expiry date of such requested Standby Letter of Credit would occur more
than twelve (12) months after the date of issuance or last extension, unless the Agent has approved such expiry date; or 

(B) subject to Section 2.03(b)(iii), the expiry date of such requested Commercial Letter of Credit would occur
more than 180 days after the date of issuance, unless the Agent has approved such expiry date; or 
 (C) the expiry date of
such requested Letter of Credit would occur after the Letter of Credit Expiration Date, unless either such Letter of Credit is Cash Collateralized on or prior to the date of issuance of such Letter of Credit (or such later date as to which the Agent
may agree) or the Agent has approved such expiry date; or 
 (D) any order, judgment or decree of any Governmental Authority
or arbitrator shall by its terms purport to enjoin or restrain the L/C Issuer from issuing such Letter of Credit, or any Law applicable to the L/C Issuer or any request or directive (whether or not having the force of law) from any Governmental
Authority with jurisdiction over the L/C Issuer shall prohibit, or request that the L/C Issuer refrain from, the issuance of letters of credit generally or such Letter of Credit in particular or shall impose upon the L/C Issuer with respect to such
Letter of Credit any restriction, reserve or capital requirement (for which the L/C Issuer is not otherwise compensated hereunder) not in effect on the Closing Date, or shall impose upon the L/C Issuer any unreimbursed loss, cost or expense which
was not applicable on the Closing Date and which the L/C Issuer in good faith deems material to it; or 
 (E) the issuance
of such Letter of Credit would violate one or more policies of the L/C Issuer applicable to letters of credit generally; or 

(F) except as otherwise agreed by the Agent, such Letter of Credit is to be denominated in a currency other than Dollars;
provided that if the L/C Issuer, with the consent of the Agent, issues a Letter of Credit denominated in a currency other than Dollars, all reimbursements by the Borrowers of the honoring of any drawing under such Letter of Credit shall be
paid in the currency in which such Letter of Credit was denominated; or 

  
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 (G) such Letter of Credit contains any provisions for automatic
reinstatement of the Stated Amount after any drawing thereunder; or 
 (H) any Lender is at that time a Defaulting Lender,
unless the L/C Issuer has entered into arrangements, including the delivery of Cash Collateral, satisfactory to the L/C Issuer (in its sole discretion) with the Borrowers or such Lender to eliminate the L/C Issuer’s actual or potential Fronting
Exposure (after giving effect to Section 2.16(a)(iv)) with respect to the Defaulting Lender arising from either (i) the Letter of Credit then proposed to be issued, or (ii) such Letter of Credit and all other L/C Obligations as to
which the L/C Issuer has actual or potential Fronting Exposure, as it may elect in its sole discretion. 
 (iii) The L/C Issuer shall not
amend any Letter of Credit if the L/C Issuer would not be permitted at such time to issue such Letter of Credit in its amended form under the terms hereof or if the beneficiary of such Letter of Credit does not accept the proposed amendment to such
Letter of Credit. 
 (iv) The L/C Issuer shall act on behalf of the Lenders with respect to any Letters of Credit issued by it and the
documents associated therewith, and the L/C Issuer shall have all of the benefits and immunities (A) provided to the Agent in Article IX with respect to any acts taken or omissions suffered by the L/C Issuer in connection with Letters of
Credit issued by it or proposed to be issued by it and Issuer Documents pertaining to such Letters of Credit as fully as if the term “Agent” as used in Article IX included the L/C Issuer with respect to such acts or omissions, and
(B) as additionally provided herein with respect to the L/C Issuer. 
 (b) Procedures for Issuance and Amendment of Letters of
Credit; Auto-Extension Letters of Credit. 
 (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the
request of the Lead Borrower delivered to the L/C Issuer (with a copy to the Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible Officer of the Lead Borrower. Such Letter of Credit Application
may be sent by facsimile, by United States mail, by overnight courier, by electronic transmission using the system provided by the L/C Issuer, by personal delivery or by any other means acceptable to the L/C Issuer. Such Letter of Credit Application
must be received by the L/C Issuer and the Agent not later than 11:00 a.m. at least two (2) Business Days (or such other date and time as the Agent and the L/C Issuer may agree in a particular instance in their sole discretion) prior to the
proposed issuance date or date of amendment, as the case may be. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail reasonably satisfactory to the L/C Issuer:
(A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day); (B) the amount thereof; (C) the expiry date thereof; (D) the name and address of the beneficiary thereof; (E) the documents to
be presented by such beneficiary in case of any drawing thereunder; (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder; and (G) such other matters as the L/C Issuer may reasonably
require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail reasonably satisfactory to the L/C Issuer (A) the Letter of Credit to be amended;
(B) the proposed date of amendment thereof (which shall be a Business Day); (C) the nature of the proposed amendment; and (D) such other matters as the L/C Issuer may reasonably require. Additionally, the Lead Borrower shall furnish
to the L/C Issuer and the Agent such other documents and information pertaining to such requested Letter of Credit issuance or amendment, including any Issuer Documents, as the L/C Issuer or the Agent may reasonably require. 

  
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 (ii) Subject to the provisions of Section 2.02(b)(v) hereof, promptly after
receipt of any Letter of Credit Application, the L/C Issuer will confirm with the Agent (by telephone or in writing) that the Agent has received a copy of such Letter of Credit Application from the Lead Borrower and, if not, the L/C Issuer will
provide the Agent with a copy thereof. Unless the L/C Issuer has received written notice from any Lender, the Agent or any Loan Party, at least one Business Day prior to the requested date of issuance or amendment of the applicable Letter of Credit,
that one or more applicable conditions contained in Article IV shall not then be satisfied or unless the L/C Issuer would not be permitted, or would have no obligation, at such time to issue such Letter of Credit under the terms hereof (by
reason of the provisions of Section 2.03(a)(ii) or otherwise), then, subject to the terms and conditions hereof, the L/C Issuer shall, on the requested date, issue a Letter of Credit for the account of the applicable Loan Party or enter
into the applicable amendment, as the case may be, in each case in accordance with the L/C Issuer’s usual and customary business practices. Immediately upon the issuance or amendment of each Letter of Credit, each Lender shall be deemed to
(without any further action), and hereby irrevocably and unconditionally severally agrees to, purchase from the L/C Issuer, without recourse or warranty, a risk participation in such Letter of Credit in an amount equal to the product of such
Lender’s Applicable Percentage times the Stated Amount of such Letter of Credit. Upon any change in the Commitments under this Agreement, it is hereby agreed that with respect to all L/C Obligations, there shall be an automatic
adjustment to the participations hereby created to reflect the new Applicable Percentages of the assigning and assignee Lenders. 
 (iii) If
the Lead Borrower so requests in any applicable Letter of Credit Application, the L/C Issuer may, in its sole and absolute discretion, agree to issue a Standby Letter of Credit that has automatic extension provisions (each, an “Auto-Extension
Letter of Credit”); provided that any such Auto-Extension Letter of Credit must permit the L/C Issuer to prevent any such extension at least once in each twelve-month period (commencing with the date of issuance of such Standby Letter of
Credit) by giving prior notice to the beneficiary thereof not later than a day (the “Non-Extension Notice Date”) in each such twelve-month period to be agreed upon at the time such Standby Letter of Credit is issued. Unless otherwise
directed by the L/C Issuer, the Lead Borrower shall not be required to make a specific request to the L/C Issuer for any such extension. Once an Auto-Extension Letter of Credit has been issued, the Lenders shall be deemed to have authorized (but may
not require) the L/C Issuer to permit the extension of such Standby Letter of Credit at any time to an expiry date not later than the Letter of Credit Expiration Date; provided, however, that the L/C Issuer shall not permit any such
extension if (A) the L/C Issuer has determined that it would not be permitted, or would have no obligation, at such time to issue such Standby Letter of Credit in its revised form (as extended) under the terms hereof (by reason of the
provisions of Section 2.03(a)(ii) or otherwise), or (B) it has received notice (which may be by telephone or in writing) on or before the day that is five (5) Business Days before the Non-Extension Notice Date (1) from the
Agent that the Required Lenders have elected not to permit such extension or (2) from the Agent, any Lender or the Lead Borrower that one or more of the applicable conditions specified in Section 4.02 is not then satisfied, and in
each such case directing the L/C Issuer not to permit such extension. 
 (iv) Any L/C Issuer (other than Bank of America or any of its
Affiliates) shall notify the Agent in writing on each Business Day of all Letters of Credit issued on the prior Business Day by such L/C Issuer, provided that (A) until the Agent advises any such Issuing BankL/C
Issuer that the provisions of Section 4.02 are not satisfied, or (B) the aggregate amount of the Letters of Credit issued in any such week exceeds such amount as shall be agreed
by the Agent and the L/C Issuer, such L/C Issuer shall be required to so notify the Agent in writing only once each week of the Letters of 

  
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Credit issued by such L/C Issuer during the immediately preceding week as well as the daily amounts outstanding for the prior week, such notice to be furnished on such day of the week as the
Agent and such L/C Issuer may agree. The L/C Issuer will also deliver (contemporaneously with the notification set forth in the first sentence hereof) to the Lead Borrower and the Agent a true and complete copy of each such Letter of Credit or
amendment. 
 (v) Promptly after its delivery of any Letter of Credit or any amendment to a Letter of Credit to an advising bank with
respect thereto or to the beneficiary thereof, the L/C Issuer will also deliver to the Lead Borrower and the Agent a true and complete copy of such Letter of Credit or amendment. 

(c) Drawings and Reimbursements; Funding of Participations. 

(i) Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, the L/C Issuer shall
notify the Lead Borrower and the Agent thereof. Not later than 11:00 a.m. on the first Business Daycalendar day immediately following the date that the Lead Borrower
receives notice from the L/C Issuer of a drawing under a Letter of Credit (each such date, an “Honor Date”), the applicable Borrower shall be deemed to have requested a Borrowing of Revolving Loans that are Base Rate Loans to be
disbursed on the such Business Day in an amount equal to the amount of such payment by the L/C Issuer under the Letter of Credit without regard to the minimum and multiples specified in Section 2.02(b) for the principal amount of Base
Rate Loans, but subject to the amount of the unutilized portion of the Loan Cap and the conditions set forth in Section 4.02 (other than the delivery of a Revolving Loan Notice). In the event that such a Borrowing cannot be made pursuant
to the terms hereof, then not later than 11:00 a.m. on the first Business Daycalendar day after the Honor Date, the applicable Borrower shall
reimburse the L/C Issuer through the Agent in an amount equal to the amount of such drawing. If the Borrowers fail to so reimburse the L/C Issuer by such time, the Agent shall promptly notify each Lender of the Honor Date, the amount of the
unreimbursed drawing (the “Unreimbursed Amount”), and the amount of such Lender’s Applicable Percentage thereof. Any notice given by the L/C Issuer or the Agent pursuant to this Section 2.03(c)(i) may be given by telephone
if immediately confirmed in writing; provided that the lack of such an immediate confirmation shall not affect the conclusiveness or binding effect of such notice. 

(ii) Each Lender shall upon any notice from the Agent pursuant to Section 2.03(c)(i) make funds available to the Agent (and the
Agent may apply Cash Collateral provided for this purpose) for the account of the L/C Issuer at the Agent’s Office in an amount equal to its Applicable Percentage of the Unreimbursed Amount not later than 1:00 p.m. on the Business Day specified
in such notice by the Agent, whereupon, subject to the provisions of Section 2.03(c)(iii), each Lender that so makes funds available shall be deemed to have made a Loan that is a Base Rate Loan to the Borrowers in such amount. The Agent
shall remit the funds so received to the L/C Issuer. 
 (iii) With respect to any Unreimbursed Amount that is not fully refinanced by a
Revolving Borrowing of Base Rate Loans because the conditions set forth in Section 4.02 cannot be satisfied or for any other reason and the Borrowers have failed to reimburse the L/C Issuer pursuant to clause (c)(i) above, the Borrowers
shall be deemed to have incurred from the L/C Issuer an L/C Borrowing in the amount of the Unreimbursed Amount that is not so refinanced or reimbursed, which L/C Borrowing shall be due and payable on demand (together with interest) and shall bear
interest at the Default Rate for Revolving Loans which are Base Rate Loans. In such event, each Lender’s payment to the Agent for the account of the L/C Issuer pursuant to Section 2.03(c)(ii) shall be deemed payment in respect of
its participation in such L/C Borrowing and shall constitute an L/C Advance from such Lender in satisfaction of its participation obligation under this Section 2.03. 

  
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 (iv) Until each Lender funds its Revolving Loan or L/C Advance pursuant to this
Section 2.03(c) to reimburse the L/C Issuer for any amount drawn under any Letter of Credit, interest in respect of such Lender’s Applicable Percentage of such amount shall be solely for the account of the L/C Issuer. 

(v) Each Lender’s obligation to make Revolving Loans or L/C Advances to reimburse the L/C Issuer for amounts drawn under Letters of
Credit, as contemplated by this Section 2.03(c), shall be absolute and unconditional and shall not be affected by any circumstance, including (A) any setoff, counterclaim, recoupment, defense or other right which such Lender may
have against the L/C Issuer, any Borrower or any other Person for any reason whatsoever; (B) the occurrence or continuance of a Default or Event of Default, or (C) any other occurrence, event or condition, whether or not similar to any of
the foregoing; provided, however, that each Lender’s obligation to make Revolving Loans pursuant to this Section 2.03(c) is subject to the conditions set forth in Section 4.02 (other than delivery by the
Lead Borrower of a Revolving Loan Notice). No such making of an L/C Advance shall relieve or otherwise impair the obligation of the Borrowers to reimburse the L/C Issuer for the amount of any payment made by the L/C Issuer under any Letter of
Credit, together with interest as provided herein. 
 (vi) If any Lender fails to make available to the Agent for the account of the L/C
Issuer any amount required to be paid by such Lender pursuant to the foregoing provisions of this Section 2.03(c) by the time specified in Section 2.03(c)(ii), then, without limiting the other provisions of this Agreement,
the L/C Issuer shall be entitled to recover from such Lender (acting through the Agent), on demand, such amount with interest thereon for the period from the date such payment is required to the date on which such payment is immediately available to
the L/C Issuer at a rate per annum equal to the greater of the Federal Funds Rate and a rate determined by the L/C Issuer in accordance with banking industry rules on interbank compensation plus any administrative, processing or similar fees
customarily charged by the L/C Issuer in connection with the foregoing. If such Lender pays such amount (with interest and fees as aforesaid), the amount so paid shall constitute such Lender’s Revolving Loan included in the relevant Revolving
Borrowing or L/C Advance in respect of the relevant L/C Borrowing, as the case may be. A certificate of the L/C Issuer submitted to any Lender (through the Agent) with respect to any amounts owing under this clause (vi) shall be conclusive
absent manifest error. 
 (d) Repayment of Participations. 

(i) At any time after the L/C Issuer has made a payment under any Letter of Credit and has received from any Lender its L/C Advance in respect
of such payment in accordance with Section 2.03(c), if the L/C Issuer, or the Agent for the account of the L/C Issuer, receives any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the
Borrowers or otherwise, including proceeds of Cash Collateral applied thereto by the Agent pursuant to Section 2.03(g)), the L/C Issuer shall distribute any payment it receives to the Agent and the Agent will distribute to such Lender
its Applicable Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in the same funds as those received by the Agent. 

(ii) If any payment received by the L/C Issuer or by Agent for the account of the L/C Issuer pursuant to Section 2.03(c)(i) is
required to be returned under any of the circumstances described in Section 10.05 (including pursuant to any settlement entered into by the L/C Issuer in its discretion), each Lender shall pay to the Agent for the account of the L/C
Issuer its Applicable 

  
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Percentage thereof on demand of the Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the greater of the
Federal Funds Rate and a rate determined by the L/C Issuer in accordance with banking industry rules on interbank compensation plus any administrative, processing, or similar fees customarily charged by the L/C Issuer in connection with the
foregoing. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement. 

(e) Obligations Absolute. The obligation of the Borrowers to reimburse the L/C Issuer for each drawing under each Letter of Credit and
to repay each L/C Borrowing shall be absolute, unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement under all circumstances, including the following: 

(i) any lack of validity or enforceability of such Letter of Credit, this Agreement, or any other Loan Document; 

(ii) the existence of any claim, counterclaim, setoff, defense or other right that the Borrowers or any Restricted Subsidiary may have at any
time against any beneficiary or any transferee of such Letter of Credit (or any Person for whom any such beneficiary or any such transferee may be acting), the L/C Issuer or any other Person, whether in connection with this Agreement, the
transactions contemplated hereby or by such Letter of Credit or any agreement or instrument relating thereto, or any unrelated transaction; 

(iii) any draft, demand, certificate or other document presented under such Letter of Credit proving to be forged, fraudulent, invalid or
insufficient in any respect or any statement therein being untrue or inaccurate in any respect; or any loss or delay in the transmission or otherwise of any document required in order to make a drawing under such Letter of Credit; 

(iv) any waiver by the L/C Issuer of any requirement that exists for the L/C Issuer’s protection and not the protection of the Borrowers
or any waiver by the L/C Issuer which does not in fact materially prejudice the Borrowers; 
 (v) any honor of a demand for payment
presented electronically even if such Letter of Credit requires that demand be in the form of a draft; 
 (vi) any payment made by the L/C
Issuer in respect of an otherwise complying item presented after the date specified as the expiration date of, or the date by which documents must be received under such Letter of Credit if presentation after such date is authorized by the UCC, the
ISP or the UCP, as applicable; 
 (vii) any payment by the L/C Issuer under such Letter of Credit against presentation of a draft or
certificate that does not strictly comply with the terms of such Letter of Credit; or any payment made by the L/C Issuer under such Letter of Credit to any Person purporting to be a trustee in bankruptcy, debtor-in-possession, assignee for the
benefit of creditors, liquidator, receiver or other representative of or successor to any beneficiary or any transferee of such Letter of Credit, including any arising in connection with any proceeding under any Debtor Relief Law; 

(viii) any other circumstance or happening whatsoever, whether or not similar to any of the foregoing, including any other circumstance that
might otherwise constitute a defense available to, or a discharge of, the Borrowers or any of their Restricted Subsidiaries; or 

  
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 (ix) the fact that any Default or Event of Default shall have occurred and be continuing.

 The Lead Borrower shall promptly examine a copy of each Letter of Credit and each amendment thereto that is delivered to it and, in the
event of any claim of non-compliance with the Lead Borrower’s instructions or other irregularity, the Lead Borrower will immediately notify the L/C Issuer. The Borrowers shall be conclusively deemed to have waived any such claim against the L/C
Issuer and its correspondents unless such notice is given as aforesaid. Notwithstanding the foregoing, the Borrowers shall not be precluded from asserting any claim for damages suffered by the Borrowers to the extent caused by the gross negligence,
bad faith or willful misconduct of the L/C Issuer, as determined by a final and non-appealable judgment of a court of competent jurisdiction. 

(f) Role of L/C Issuer. Each Lender and the Borrowers agree that, in paying any drawing under a Letter of Credit, the L/C Issuer shall
not have any responsibility to obtain any document (other than any sight draft, certificates and documents expressly required by the Letter of Credit) or to ascertain or inquire as to the validity or accuracy of any such document or the authority of
the Person executing or delivering any such document. None of the L/C Issuer, the Agent, any of their respective Related Parties nor any correspondent, participant or assignee of the L/C Issuer shall be liable to any Loan Party or to any Lender for
(i) any action taken or omitted in connection herewith at the request or with the approval of the Required Lenders; (ii) any action taken or omitted in the absence of gross negligence, bad faith, or willful misconduct; (iii) any
error, omission, interruption, loss or delay in transmission or delivery of any draft, notice or other communication under or relating to any Letter of Credit or any error in interpretation of technical terms; (iv) the due execution,
effectiveness, validity or enforceability of any document or instrument related to any Letter of Credit or Issuer Document; or (v) for any action, neglect or omission under or in connection with any Letter of Credit or Issuer Document,
including, without limitation, the issuance or amendment of any Letter of Credit, the failure to issue or amend any Letter of Credit, or the honoring or dishonoring of any demand under any Letter of Credit, and such action or neglect or omission
will be binding upon the Loan Parties and the Lenders; provided that the Borrowers may have a claim against the L/C Issuer, and the L/C Issuer may be liable to the Borrowers, to the extent, but only to the extent, of any direct, as opposed to
punitive, consequential or exemplary, damages suffered by the Borrowers which the Borrowers prove were caused by the L/C Issuer’s willful misconduct, bad faith, or gross negligence, as determined by a final and non-appealable judgment of a
court of competent jurisdiction. The Borrowers hereby assume all risks of the acts or omissions of any beneficiary or transferee with respect to its use of any Letter of Credit; provided, however, that this assumption is not intended
to, and shall not, preclude the Borrowers’ pursuing such rights and remedies as it may have against the beneficiary or transferee at law or under any other agreement. None of the L/C Issuer, the Agent, any of their respective Related Parties
nor any correspondent, participant or assignee of the L/C Issuer shall be liable or responsible for any of the matters described in clauses (i) through (ix) of Section 2.03(e); provided, however, that anything in
such clauses to the contrary notwithstanding, the Borrowers may have a claim against the L/C Issuer, and the L/C Issuer may be liable to the Borrowers, to the extent, but only to the extent, of any direct, as opposed to consequential or exemplary,
damages suffered by the Borrowers which the Borrowers prove were caused by the L/C Issuer’s willful misconduct, bad faith, or gross negligence or the L/C Issuer’s willful failure to pay under any Letter of Credit after the presentation to
it by the beneficiary of a sight draft and certificate(s) strictly complying with the terms and conditions of a Letter of Credit, in each case as determined by a final and non-appealable judgment of a court of competent jurisdiction. In furtherance
and not in limitation of the foregoing, the L/C Issuer may accept documents that appear on their face to be in order, without responsibility for further investigation, regardless of any notice or information to the contrary (or the L/C Issuer may
refuse to accept and may refuse to make payment upon such documents if such documents are not in strict compliance with the terms of such Letter of Credit and may disregard 

  
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any requirement in a Letter of Credit that notice of dishonor be given in a particular manner and any requirement that presentation be made at a particular place or by a particular time of day),
and the L/C Issuer shall not be responsible for the validity or sufficiency of any instrument transferring or assigning or purporting to transfer or assign a Letter of Credit or the rights or benefits thereunder or proceeds thereof, in whole or in
part, which may prove to be invalid or ineffective for any reason. The L/C Issuer shall not be responsible for the wording of any Letter of Credit (including, without limitation, any drawing conditions or any terms or conditions that are
ineffective, ambiguous, inconsistent, unduly complicated or reasonably impossible to satisfy), notwithstanding any assistance the L/C Issuer may provide to the Borrowers with drafting or recommending text for any Letter of Credit Application or with
the structuring of any transaction related to any Letter of Credit, and each Borrower hereby acknowledges and agrees that any such assistance will not constitute legal or other advice by the L/C Issuer or any representation or warranty by the L/C
Issuer that any such wording or such Letter of Credit will be effective. Without limiting the foregoing, the L/C Issuer may, as it deems reasonably appropriate, modify or alter and use in any Letter of Credit the terminology contained on the Letter
of Credit Application for such Letter of Credit. The L/C Issuer may send a Letter of Credit or conduct any communication to or from the beneficiary via the Society for Worldwide Interbank Financial Telecommunication (“SWIFT”) message or
overnight courier, or any other commercially reasonable means of communicating with a beneficiary. 
 (g) Cash Collateral. Upon the
request of the Agent, if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the Borrowers shall, in each case, promptly Cash Collateralize the then Outstanding Amount of all L/C Obligations in an
amount equal to 103% of the Outstanding Amount of all L/C Obligations, pursuant to documentation in form and substance reasonably satisfactory to the Agent and the L/C Issuer (which documents are hereby Consented to by the Lenders). Sections
2.05, 2.06(b) and 8.02(c) set forth certain additional requirements to deliver Cash Collateral hereunder. The Borrowers hereby grant to the Agent a security interest in all such cash, deposit accounts and all balances therein and
all proceeds of the foregoing to secure all Obligations. Such cash collateral shall be maintained in blocked, non-interest bearing deposit accounts at Bank of America. If at any time the Agent determines that any funds held as cash collateral are
subject to any right or claim of any Person other than the Agent or that the total amount of such funds is less than 103% of the aggregate Outstanding Amount of all L/C Obligations, the Borrowers will, forthwith upon demand by the Agent, pay to the
Agent, as additional funds to be deposited as cash collateral, an amount equal to the excess of (x) 103% of the aggregate Outstanding Amount of L/C Obligations over (y) the total amount of funds, if any, then held as cash collateral that
the Agent determines to be free and clear of any such right and claim. Upon the drawing of any Letter of Credit for which funds are on deposit as cash collateral, such funds shall be applied, to the extent permitted under applicable Laws, to
reimburse the L/C Issuer and, to the extent not so applied, shall thereafter be applied to satisfy other Obligations in the manner specified in Section 8.03. 

(h) Applicability of ISP and UCP; Limitation of Liability. Unless otherwise expressly agreed by the L/C Issuer and the Lead Borrower
when a Letter of Credit is issued (including any such agreement applicable to an Existing Letter of Credit)
(i) the rules of the ISP shall apply to each Standby Letter of Credit, and (ii) the rules of the UCP shall apply to each Commercial Letter of Credit. Notwithstanding the foregoing, the L/C Issuer shall not be responsible to the Borrowers
for, and the L/C Issuer’s rights and remedies against the Borrowers shall not be impaired by, any action or inaction of the L/C Issuer required or permitted under any law, order, or practice that is required or permitted to be applied to any
Letter of Credit or this Agreement, including the Law or any order of a jurisdiction where the L/C Issuer or the beneficiary is located, the practice stated in the ISP or UCP, as applicable, or in the decisions, opinions, practice statements, or
official commentary of the ICC Banking Commission, the Bankers Association for Finance and Trade - International Financial Services Association (BAFT-IFSA), or the Institute of International Banking Law & Practice, whether or not any Letter
of Credit chooses such law or practice. 

  
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 (i) Letter of Credit Fees. The Borrowers shall pay to the Agent for the account of
each Lender in accordance with its Applicable Percentage a Letter of Credit fee (the “Letter of Credit Fee”) for each Letter of Credit equal to the Applicable Rate multiplied by the daily Stated Amount under each such Letter of
Credit (whether or not such maximum amount is then in effect under such Letter of Credit). For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of the Letter of Credit shall be determined in
accordance with Section 1.06. Letter of Credit Fees shall be due and payable quarterly in arrears on the first Business Daycalendar day of each January, April, July and October, commencing with
the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. Notwithstanding anything to the contrary contained herein, while any Event of Default exists, at the request
of the Agent or the Required Lenders, all Letter of Credit Fees shall accrue at the Default Rate as provided in Section 2.08(b) hereof. 

(j) Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The Borrowers shall pay directly to the L/C Issuer for
its own account a fronting fee with respect to each Letter of Credit, at a rate equal to 0.125% per annum, computed on the daily amount available to be drawn under such Letter of Credit and on a quarterly basis in arrears. Such fronting fees
shall be due and payable on the first Business
Daycalendar day of each January, April, July and
October, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily amount available to be drawn under any Letter of
Credit, the amount of the Letter of Credit shall be determined in accordance with Section 1.06. In addition, the Borrowers shall pay directly to the L/C Issuer for its own account the customary issuance, presentation, amendment and other
processing fees, and other standard costs and charges, of the L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.

 (k) Conflict with Issuer Documents. In the event of any conflict between the terms hereof and the terms of any Issuer
Document, the terms hereof shall control. 
 (l) Letters of Credit Issued for Restricted Subsidiaries. Notwithstanding that a Letter
of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Loan Party (or on behalf of a Restricted Subsidiary), the Borrowers shall be obligated to reimburse the L/C Issuer hereunder for any and all
drawings under such Letter of Credit. Each Borrower hereby acknowledges that the issuance of Letters of Credit for the account of the Loan Parties (or on behalf of Restricted Subsidiaries) inures to the benefit of such Borrower, and that such
Borrower’s business derives substantial benefits from the businesses of such Restricted Subsidiaries. 
 2.04 Swing Line Loans.

 (a) The Swing Line. Subject to the terms and conditions set forth herein, the Swing Line Lender shall, in reliance upon the
agreements of the other Lenders set forth in this Section 2.04, make loans (each such loan, a “Swing Line Loan”) to the Borrowers from time to time on any Business Day during the Availability Period in an aggregate
amount not to exceed at any time outstanding the amount of the Swing Line Sublimit, notwithstanding the fact that such Swing Line Loans, when aggregated with the Applicable Percentage of the Outstanding Amount of Revolving Loans and L/C Obligations
of the Lender acting as Swing Line Lender, may exceed the amount of such Lender’s Commitment; provided, however, that after giving effect to any Swing Line Loan, (i) the Total

  
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Outstandings shall not exceed the Loan Cap, and (ii) the aggregate Outstanding Amount of the Revolving Loans of any Lender at such time, plus such Lender’s Applicable Percentage
of the Outstanding Amount of all L/C Obligations at such time, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans at such time shall not exceed such Lender’s Commitment and provided,
further, that the Borrowers shall not use the proceeds of any Swing Line Loan to refinance any outstanding Swing Line Loan, and provided further that the Swing Line Lender shall not be obligated to make any Swing Line Loan if it shall
determine (which determination shall be conclusive and binding absent manifest error) that it has, or by such Credit Extension may have, Fronting Exposure. Within the foregoing limits, and subject to the other terms and conditions hereof, the
Borrowers may borrow under this Section 2.04, prepay under Section 2.05, and reborrow under this Section 2.04. Each Swing Line Loan shall bear interest only at the Base Rate plus the Applicable Margin for Base
Rate Loans. Immediately upon the making of a Swing Line Loan, each Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Swing Line Lender a risk participation in such Swing Line Loan in an amount equal
to the product of such Lender’s Applicable Percentage multiplied by the amount of such Swing Line Loan. The Swing Line Lender shall have all of the benefits and immunities (A) provided to the Agent in Article IX with respect
to any acts taken or omissions suffered by the Swing Line Lender in connection with Swing Line Loans made by it or proposed to be made by it as if the term “Agent” as used in Article IX included the Swing Line Lender with respect to
such acts or omissions, and (B) as additionally provided herein with respect to the Swing Line Lender. 
 (b) Borrowing
Procedures. Each Swing Line Borrowing shall be made upon the Lead Borrower’s irrevocable notice to the Swing Line Lender and the Agent, which may be given by telephone. Each such notice must be received by the Swing Line Lender and the
Agent not later than 1:00 p.m. on the requested borrowing date, and shall specify (i) the amount to be borrowed, which shall be a minimum of $100,000, and (ii) the requested borrowing date, which shall be a Business Day. Each such
telephonic notice must be confirmed promptly by delivery to the Swing Line Lender and the Agent of a written Swing Line Loan Notice, appropriately completed and signed by a Responsible Officer of the Lead Borrower. Promptly after receipt by the
Swing Line Lender of any telephonic Swing Line Loan Notice, the Swing Line Lender will confirm with the Agent (by telephone or in writing) that the Agent has also received such Swing Line Loan Notice and, if not, the Swing Line Lender will notify
the Agent (by telephone or in writing) of the contents thereof. Unless the Swing Line Lender has received notice (by telephone or in writing) from the Agent at the request of the Required Lenders prior to 2:00 p.m. on the date of the proposed Swing
Line Borrowing (A) directing the Swing Line Lender not to make such Swing Line Loan as a result of the limitations set forth in the provisos to the first sentence of Section 2.04(a), or (B) that one or more of the applicable
conditions specified in Article IV is not then satisfied, then, subject to the terms and conditions hereof, the Swing Line Lender will use its commercially reasonable efforts to make the amount of its Swing Line Loan available to the
Borrowers by not later than 4:00 p.m. on the borrowing date specified in such Swing Line Loan Notice either by (i) crediting the account of the Lead Borrower on the books of Bank of America with the amount of such funds or (ii) wire
transferring such funds, in each case in accordance with instructions provided to (and reasonably acceptable to) the Swing Line Lender by the Lead Borrower; provided, however, that if, on the date of the proposed Swing Line Loan, there
are L/C Borrowings outstanding, then the proceeds of such Borrowing, first, shall be applied to the payment in full of any such L/C Borrowings, and second, shall be made available to the Borrowers as provided above. 

  
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 (c) Refinancing of Swing Line Loans. 

(i) In addition to settlements required under Section 2.14 hereof, the Swing Line Lender at any time in its sole and absolute
discretion may request, on behalf of the Borrowers (which hereby irrevocably authorize the Swing Line Lender to so request on their behalf), that each Lender make a Revolving Loan which is a Base Rate Loan in an amount equal to such Lender’s
Applicable Percentage of the amount of Swing Line Loans then outstanding. Such request shall be made in writing (which written request shall be deemed to be a Revolving Loan Notice for purposes hereof) and in accordance with the requirements of
Section 2.02, without regard to the minimum and multiples specified therein for the principal amount of Base Rate Loans, but subject to the unutilized portion of the Loan Cap and the conditions set forth in Section 4.02. The
Swing Line Lender shall furnish the Lead Borrower with a copy of the applicable Revolving Loan Notice promptly after delivering such notice to the Agent. Each Lender shall make an amount equal to its Applicable Percentage of the amount specified in
such Revolving Loan Notice available to the Agent in immediately available funds for the account of the Swing Line Lender at the Agent’s Office not later than 1:00 p.m. on the day specified in such Revolving Loan Notice, whereupon, subject to
Section 2.04(c)(ii), each Lender that so makes funds available shall be deemed to have made a Revolving Loan which is a Base Rate Loan to the Borrowers in such amount. The Agent shall remit the funds so received to the Swing Line Lender.

 (ii) If for any reason any Swing Line Loan cannot be refinanced by such a Revolving Borrowing in accordance with
Section 2.04(c)(i), the request for Revolving Loans which are Base Rate Loans submitted by the Swing Line Lender as set forth herein shall be deemed to be a request by the Swing Line Lender that each of the Lenders fund its risk
participation in the relevant Swing Line Loan and each Lender’s payment to the Agent for the account of the Swing Line Lender pursuant to Section 2.04(c)(i) shall be deemed payment in respect of such participation. 

(iii) If any Lender fails to make available to the Agent for the account of the Swing Line Lender any amount required to be paid by such
Lender pursuant to the foregoing provisions of this Section 2.04(c) by the time specified in Section 2.04(c)(i), the Swing Line Lender shall be entitled to recover from such Lender (acting through the Agent), on demand, such
amount with interest thereon for the period from the date such payment is required to the date on which such payment is immediately available to the Swing Line Lender at a rate per annum equal to the greater of the Federal Funds Rate and a rate
determined by the Swing Line Lender in accordance with banking industry rules on interbank compensation plus any administrative, processing or similar fees customarily charged by the Swing Line Lender in connection with the foregoing. If such Lender
pays such amount (with interest and fees as aforesaid), the amount so paid shall constitute such Lender’s Revolving Loan included in the relevant Revolving Borrowing or funded participation in the relevant Swing Line Loan, as the case may be. A
certificate of the Swing Line Lender submitted to any Lender (through the Agent) with respect to any amounts owing under this clause (iii) shall be conclusive absent manifest error. 

(iv) Each Lender’s obligation to make Revolving Loans or to purchase and fund risk participations in Swing Line Loans pursuant to this
Section 2.04(c) shall be absolute and unconditional and shall not be affected by any circumstance, including (A) any setoff, counterclaim, recoupment, defense or other right which such Lender may have against the Swing Line Lender,
the Borrowers or any other Person for any reason whatsoever, (B) the occurrence or continuance of a Default or an Event of Default, or (C) any other occurrence, event or condition, whether or not similar to any of the foregoing;
provided, however, that each Lender’s obligation to make Revolving Loans pursuant to this Section 2.04(c) is subject to the conditions set forth in Section 4.02. No such funding of risk participations shall
relieve or otherwise impair the obligation of the Borrowers to repay Swing Line Loans, together with interest as provided herein. 

  
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 (d) Repayment of Participations. 

(i) At any time after any Lender has purchased and funded a risk participation in a Swing Line Loan, if the Swing Line Lender, or the Agent on
behalf of the Swing Line Lender, receives any payment on account of such Swing Line Loan, the Swing Line Lender will distribute such payment to the Agent and the Agent shall distribute to each such Lender its Applicable Percentage of such payment
(appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s risk participation was funded) in the same funds as those received by the Swing Line Lender. 

(ii) If any payment received by the Swing Line Lender, or the Agent on behalf of the Swing Line Lender, in respect of principal or interest on
any Swing Line Loan is required to be returned by the Swing Line Lender under any of the circumstances described in Section 10.05 (including pursuant to any settlement entered into by the Swing Line Lender in its discretion), each Lender
shall pay to the Swing Line Lender its Applicable Percentage thereof on demand of the Agent, plus interest thereon from the date of such demand to the date such amount is returned, at a rate per annum equal to the greater of the Federal Funds Rate
and a rate determined by the Swing Line Lender in accordance with banking industry rules on interbank compensation plus any administrative, processing, or similar fees customarily charged by the Swing Line Lender in connection with the foregoing.
The Agent will make such demand upon the request of the Swing Line Lender. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement. 

(e) Interest for Account of Swing Line Lender. The Swing Line Lender shall be responsible for invoicing the Borrowers for interest on
the Swing Line Loans. Until a Lender funds its Revolving Loan or risk participation pursuant to this Section 2.04 to refinance such Lender’s Applicable Percentage of any Swing Line Loan, interest in respect of such Applicable
Percentage shall be solely for the account of the Swing Line Lender. 
 (f) Payments Directly to Swing Line Lender. The Borrowers
shall make all payments of principal and interest in respect of the Swing Line Loans directly to the Swing Line Lender. 
 2.05
Prepayments. 
 (a) The Borrowers may, upon irrevocable notice from the Lead Borrower to the Agent, at any time or from time to time
voluntarily prepay Revolving Loans, in whole or in part without premium or penalty; provided that (i) such notice must be received by the Agent not later than 1:00 p.m. (A) three Business Days prior to any date of prepayment of LIBOR
Rate Loans and (B) on the date of prepayment of Base Rate Loans; (ii) any prepayment of LIBOR Rate Loans shall be in a principal amount of $1,000,000 or a whole multiple of $500,000 in excess thereof; and (iii) any prepayment of Base
Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof or, in each case, if less, the entire principal amount thereof then outstanding. Each such notice shall specify the date and amount of such
prepayment and the Type(s) of Loans to be prepaid and, if LIBOR Rate Loans, the Interest Period(s) of such Loans. The Agent will promptly notify each Lender of its receipt of each such notice, and of the amount of such Lender’s Applicable
Percentage of such prepayment. If such notice is given by the Lead Borrower, the Borrowers shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. Any prepayment of a LIBOR
Rate Loan shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.05. Subject to Section 2.16, each such prepayment shall be applied to the Loans
of the Lenders in accordance with their respective Applicable Percentages. 

  
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 (b) The Borrowers may, upon irrevocable notice from the Lead Borrower to the Swing Line
Lender (with a copy to the Agent), at any time or from time to time, voluntarily prepay Swing Line Loans in whole or in part without premium or penalty; provided that (i) such notice must be received by the Swing Line Lender and the
Agent not later than 1:00 p.m. on the date of the prepayment, and (ii) any such prepayment shall be in a minimum principal amount of $100,000. Each such notice shall specify the date and amount of such prepayment. If such notice is given by the
Lead Borrower, the Borrowers shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. 

(c) If for any reason the Total Outstandings at any time exceed the Loan Cap, as then in effect, the Borrowers shall immediately prepay the
Loans and L/C Borrowings and Cash Collateralize the L/C Obligations (other than L/C Borrowings) in an aggregate amount equal to such excess; provided, however, that the Borrowers shall not be required to Cash Collateralize the L/C
Obligations (other than L/C Borrowings) pursuant to this Section 2.05(c) unless after the prepayment in full of the Loans the Total Outstandings exceed the Loan Cap, as then in effect. 

(d) (i) Upon the occurrence of a Cash Dominion Event, the Borrowers shall prepay the Loans as and to the extent required by the provisions of
Section 6.12 hereof, and (ii) after the occurrence and during the continuance of an Event of Default or as and to the extent required by the provisions of Section 2.06(b), the Borrowers shall Cash Collateralize the L/C
Obligations. 
 (e) [Reserved]. 

(f) Prepayments made pursuant to Section 2.05(c), (d), and (e) above and funds on deposit in the Collection
Account required to be applied to the Obligations pursuant to Section 6.12(d)(iii), first, shall be applied ratably to the L/C Borrowings and the Swing Line Loans, second, shall be applied ratably to the outstanding
Revolving Loans, third, after the occurrence and during the continuance of an Event of Default, shall be used to Cash Collateralize the remaining L/C Obligations; fourth, shall be applied ratably to Other Liabilities then due and
payable; and fifth, the amount remaining, if any, after the prepayment in full of all L/C Borrowings and Loans outstanding at such time and the Cash Collateralization of the remaining L/C Obligations (to the extent required hereunder) in full
shall be deposited by the Agent in a deposit account of the Lead Borrower and may be utilized by the Borrowers in the ordinary course of its business to the extent otherwise permitted hereunder. Upon the drawing of any Letter of Credit that has been
Cash Collateralized, the funds held as Cash Collateral shall be applied (without any further action by or notice to or from the Borrowers or any other Loan Party) to reimburse the L/C Issuer or the Lenders, as applicable, and, to the extent not so
applied, shall thereafter be applied to satisfy other Obligations. 
 (g) Each prepayment of the Revolving Loans shall not reduce or
terminate the Aggregate Commitments. 
 2.06 Termination or Reduction of Commitments. 

(a) The Borrowers may, upon irrevocable notice from the Lead Borrower to the Agent, terminate the Aggregate Commitments, the Letter of Credit
Sublimit or the Swing Line Sublimit or from time to time permanently reduce the Aggregate Commitments, the Letter of Credit Sublimit or the Swing Line Sublimit; provided that (i) any such notice shall be received by the Agent not later
than 11:00 a.m. five Business Days prior to the date of termination or reduction, (ii) any such partial reduction shall be in an aggregate amount of $5,000,000 or any whole multiple of $1,000,000 in excess thereof, (iii) the Borrowers shall not
terminate or reduce the Aggregate Commitments if, after giving effect thereto and to any concurrent prepayments hereunder, the Total Outstandings would exceed the Aggregate Commitments. If, after giving effect to any reduction of the Commitments,
the Letter of 

  
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Credit Sublimit or the Swing Line Sublimit exceeds the amount of the Aggregate Commitments, such Letter of Credit Sublimit or Swing Line Sublimit shall be automatically reduced by the amount of
such excess. To the extent there are any FILO Tranches outstanding at the time of any such reduction or termination of the Aggregate Commitments under this Section 2.06, such reduction or termination shall be applied first to the
non-FILO Tranche of Revolving Loans on a pro-rata basis unless the Borrowers shall be in pro forma compliance with the Payment Conditions, in which case such reduction or termination may be applied to such FILO Tranche(s). 

(b) The Agent will promptly notify the Lenders of any termination or reduction of the Letter of Credit Sublimit, Swing Line Sublimit, or the
Aggregate Commitments under this Section 2.06. Upon any reduction of the Aggregate Commitments, the Commitment of each Lender shall be reduced by such Lender’s Applicable Percentage of such reduction amount. If, as a result of such
termination or reduction, (i) the Outstanding Amount of L/C Obligations not fully Cash Collateralized hereunder would exceed the Letter of Credit Sublimit, the Borrowers shall contemporaneously with such reduction or termination, Cash
Collateralize such excess amount, (ii) the Swing Line Loans hereunder would exceed the Swing Line Sublimit, the Borrowers shall contemporaneously with such reduction or termination, pay the Agent an amount equal to such excess, and
(iii) the Revolving Loans or the Swing Line Loans hereunder would exceed the Aggregate Commitments or the Swing Line Sublimit, as applicable, the Borrowers shall contemporaneously with such reduction or termination, pay the Agent an amount
equal to such excess. Such reductions shall be applied pro rata to the Aggregate Commitments; provided that, if a FILO Tranche is outstanding, such reductions may be applied first to such FILO Tranche so long as the Borrowers shall be in pro
forma compliance with the Payment Conditions. 
 2.07 Repayment of Obligations. 

Except as provided in Section 10.11 with respect to the collateralization of the Other Liabilities, the Borrowers shall repay to
the Lenders on the Termination Date all Obligations outstanding on such date (other than contingent indemnification claims for which a claim has not been asserted) and shall cause each Letter of Credit to be returned to the L/C Issuer undrawn or
shall Cash Collateralize all L/C Obligations (to the extent not previously Cash Collateralized as required herein). 
 2.08 Interest.

 (a) Subject to the provisions of Section 2.08(b) below, (i) each LIBOR Rate Loan shall bear interest on the outstanding
principal amount thereof for each Interest Period at a rate per annum equal to the Adjusted LIBOR Rate for
such Interest Period plus the Applicable Margin for LIBOR Rate Loans; (ii) each Base Rate Loan shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the Base Rate
plus the Applicable Margin for Base Rate Loans; and (iii) each Swing Line Loan shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the Base Rate plus the
Applicable Margin for Base Rate Loans. 

(b)(i) (i) If
 any amount payable under any Loan Document is not paid when due (without regard to any applicable grace periods), whether at stated maturity, by acceleration or otherwise, such amount shall thereafter bear interest at a fluctuating interest rate
per annum at all times equal to the Default Rate to the fullest extent permitted by Law. 

  
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 (ii) If any other Event of Default has occurred and is continuing, then the Agent,
(i) at any time that there are only two (2) Lenders and a Specified Event of Default exists, at the request of any Lender (so long as such Lender is a Lender as of the Effective Date and maintains a Commitment not less than the Commitment
of such Lender as of the Effective Date), or (ii) in all other circumstances, at the request of the Required Lenders, shall notify the Lead Borrower that all outstanding Obligations (excluding Other Liabilities) shall bear interest at a
fluctuating interest rate per annum at all times equal to the Default Rate to the fullest extent permitted by Law. 
 (iii) Accrued and
unpaid interest on past due amounts (including interest on past due interest to the fullest extent permitted by Law) shall be due and payable upon demand. 

(c) Except as provided in Section 2.08(b)(iii), interest on each Loan shall be due and payable in arrears on each Interest Payment
Date applicable thereto and at such other times as may be specified herein. Interest hereunder shall be due and payable in accordance with the terms hereof before and after judgment, and before and after the commencement of any proceeding under any
Debtor Relief Law. 
 2.09 Fees. In addition to certain fees described in subsections (i) and (j) of Section 2.03:

 (i) Commitment Fee. The Borrowers shall pay to the Agent for the account of each Lender in accordance with its
Applicable Percentage, a commitment fee equal to the Commitment Fee Percentage multiplied by the actual daily amount by which the Commitments exceed the sum of the Outstanding Amount of Revolving Loans and L/C Obligations (subject to
adjustment as provided in Section 2.16) during the immediately preceding quarter. The commitment fee described in the immediately preceding sentence (the “Commitment Fee”) shall accrue at all times during the Availability
Period, including at any time during which one or more of the conditions in Article IV is not met, and shall be due and payable quarterly in arrears on the first
Business Daycalendar
day of each January, April, July and October, commencing with the first such date to occur after the Closing Date, and on the last day of the Availability Period. It is hereby understood and
agreed that Swing Line Loans shall not be considered utilization of the Commitment for purposes of the calculation of the commitment fees payable hereunder. 

(ii) Other Fees. The Borrowers shall pay the fees specified in the Fee LetterLetters to the Persons, in the amounts, and at the times specified in the Fee LetterLetters. Such fees shall be fully earned when paid and shall not be
refundable for any reason whatsoever. 
 2.10 Computation of Interest and Fees. 

All computations of interest for Base Rate Loans when the Base Rate is determined by Bank of America’s “prime rate” shall be
made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed. All other computations of fees and interest shall be made on the basis of a 360-day year and actual days elapsed. Interest shall accrue on each Loan for the
day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to
Section 2.12(a), bear interest for one day. Each determination by the Agent of an interest rate or fee hereunder shall be conclusive and binding for all purposes, absent manifest error. 

2.11 Evidence of Debt. 

(a) The Credit Extensions made by each Lender shall be evidenced by one or more accounts or records maintained by the Agent (the “Loan
Account”) in the ordinary course of business. In addition, each Lender may record in such Lender’s internal records, an appropriate notation evidencing the date and amount of each Loan from such Lender, each payment and prepayment of
principal of any 

  
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such Loan, and each payment of interest, fees and other amounts due in connection with the Obligations due to such Lender. The accounts or records maintained
by the Agent and each Lender shall be conclusive absent manifest error of the amount of the Credit Extensions made by the Lenders to the Borrowers and the interest and payments thereon. Any failure to so record or any error in doing so shall not,
however, limit or otherwise affect the obligation of the Borrowers hereunder to pay any amount owing with respect to the Obligations. In the event of any conflict between the accounts and records maintained by any Lender and the accounts and records
of the Agent in respect of such matters, the accounts and records of the Agent shall control in the absence of manifest error. Upon the request of any Lender made through the Agent, the Borrowers shall execute and deliver to such Lender (through the
Agent) a Note, which shall evidence such Lender’s Revolving Loans or Swing Line Loans (in the case of the Swing Line Lender), as applicable, in addition to such accounts or records. Each Lender may, but shall not be obligated to, attach
schedules to its Note and endorse thereon the date, Type (if applicable), amount and maturity of its Loans and payments with respect thereto. Upon receipt of an affidavit and indemnity of a Lender as to the loss, theft, destruction or mutilation of
such Lender’s Note and upon cancellation of such Note, the Borrowers will issue, in lieu thereof, a replacement Note in favor of such Lender, in the same principal amount thereof and otherwise of like tenor. 

(b) In addition to the accounts and records referred to in Section 2.11(a), each Lender and the Agent shall maintain in accordance
with its usual practice accounts or records evidencing the purchases and sales by such Lender of participations in Letters of Credit and Swing Line Loans. In the event of any conflict between the accounts and records maintained by the Agent and the
accounts and records of any Lender in respect of such matters, the accounts and records of the Agent shall control in the absence of manifest error. 

2.12 Payments Generally; Agent’s Clawback. 

(a) General. All payments to be made by the Borrowers shall be made without condition or deduction for any counterclaim, defense,
recoupment or setoff. Except as otherwise expressly provided herein, all payments by the Borrowers hereunder shall be made to the Agent, for the account of the respective Lenders to which such payment is owed, at the Agent’s Office in Dollars
and in immediately available funds not later than 2:00 p.m. on the date specified herein. Except for principal payments to be made on the Settlement Date (as provided in Section 2.14), the Agent will promptly distribute to each Lender
its Applicable Percentage (or other applicable share as provided herein) of such payment in like funds as received by wire transfer to such Lender’s Lending Office. All payments received by the Agent after 2:00 p.m. shall, at the option of the
Agent, be deemed received on the next succeeding Business Day and any applicable interest or fee shall continue to accrue. If any payment to be made by the Borrowers shall come due on a day other than a Business Day, payment shall be made on the
next following Business Day (other than with respect to payment of a LIBOR Rate Loan), and such extension of time shall be reflected in computing interest or fees, as the case may be. 

(b)(i) (i)
 Funding by Lenders; Presumption by Agent. Unless the Agent shall have received notice from a Lender prior to (A) the proposed date of any Borrowing of LIBOR Rate Loans (or in the case of any Borrowing of Base Rate Loans, prior to
12:00 noon on the date of such Borrowing), or (B) the date that such Lender’s participation in a Letter of Credit or Swing Line Loan is required to be funded, that such Lender will not make available to the Agent such Lender’s share
of such Borrowing or participation, the Agent may assume that such Lender has made such share available on such date in accordance with Section 2.02 (or in the case of a Borrowing of Base Rate Loans, that such Lender has made such share
available in accordance with and at the time required by Section 2.02), Section 2.03 or Section 2.04, as applicable, and may, in reliance upon such assumption, make available to the Borrowers, the L/C Issuer or
the Swing Line Lender, as applicable, a corresponding amount. In such 

  
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event, if a Lender has not in fact made its share of the applicable Revolving Borrowing or participation available to the Agent, then the applicable Lender and the Borrowers severally agree to
pay to the Agent forthwith on demand such corresponding amount in immediately available funds with interest thereon, for each day from and including the date such amount is made available to the Borrowers to but excluding the date of payment to the
Agent, at (A) in the case of a payment to be made by such Lender, the greater of the Federal Funds Rate and a rate determined by the Agent in accordance with banking industry rules on interbank compensation plus any administrative processing or
similar fees customarily charged by the Agent in connection with the foregoing, and (B) in the case of a payment to be made by the Borrowers, the interest rate applicable to Base Rate Loans. If the Borrowers and such Lender shall pay such
interest to the Agent for the same or an overlapping period, the Agent shall promptly remit to the Borrowers the amount of such interest paid by the Borrowers for such period. If such Lender pays its share of the applicable Revolving Borrowing or
participation to the Agent, then the amount so paid shall constitute such Lender’s Revolving Loan included in such Revolving Borrowing or participation in such Letter of Credit or Swing Line Loan. Any payment by the Borrowers shall be without
prejudice to any claim the Borrowers may have against a Lender that shall have failed to make such payment to the Agent. 
 (ii) Payments
by Borrowers; Presumptions by Agent. Unless the Agent shall have received notice from the Lead Borrower prior to the time atdate on which any payment is due to the Agent for the account of any of the Lenders or the L/C Issuer hereunder that the Borrowers will not make such payment, the Agent may
assume that the Borrowers have made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the Lenders or the L/C Issuer, as the case may be, the amount due. In such event, if 

With respect
to any payment that the Agent makes for the account of the Lenders or the L/C Issuer hereunder as to which the Agent determines (which determination shall be conclusive absent manifest error) that any of the following applies (such payment referred
to as the “Rescindable Amount”): (1) the Borrowers have not in fact made such
payment,;
(2) the Agent has made a payment in excess of the amount so paid by the Borrowers (whether or not then owed); or (3) the Agent has for any reason otherwise erroneously made such payment;
then each of the Lenders or the L/C Issuer, as the case may be, severally agrees to repay to the Agent forthwith on demand the amountRescindable Amount so distributed to such Lender or the L/C Issuer, in
immediately available funds 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 Agent, at the greater of the Federal Funds Rate and a rate determined by the
Agent in accordance with banking industry rules on interbank compensation plus any administrative, processing, or similar fees customarily charged by the Agent
in connection with the foregoing. 
 (iii) A notice of the Agent to any Lender or the Lead Borrower with
respect to any amount owing under this subsection (b) shall be conclusive, absent manifest error. 
 (c) Failure to Satisfy
Conditions Precedent. If any Lender makes available to the Agent funds for any Loan to be made by such Lender as provided in the foregoing provisions of this Article II, and such funds are not made available to the Borrowers by the Agent
because the conditions to the applicable Credit Extension set forth in Article IV are not satisfied or waived in accordance with the terms hereof (subject to the provisions of the last paragraph of Section 4.02 hereof), the Agent
shall promptly return such funds (in like funds as received from such Lender) to such Lender, without interest. 
 (d) Obligations of
Lenders Several. The obligations of the Lenders hereunder to make Revolving Loans, to fund participations in Letters of Credit and Swing Line Loans and to make payments hereunder are several and not joint. The failure of any Lender to make any
Revolving Loan, to fund any such participation or to make any payment hereunder on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall be responsible for the
failure of any other Lender to so make its Revolving Loan, to purchase its participation or to make its payment hereunder. 

  
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 (e) Funding Source. Nothing herein shall be deemed to obligate any Lender to obtain
the funds for any Loan in any particular place or manner or to constitute a representation by any Lender that it has obtained or will obtain the funds for any Loan in any particular place or manner. 

2.13 Sharing of Payments by Credit Parties If any Credit Party shall, by exercising any right of setoff or counterclaim or otherwise,
obtain payment in respect of any principal of, interest on, or other amounts with respect to, any of the Obligations resulting in such Credit Party’s receiving payment of a proportion of the aggregate amount of such Obligations greater than its
pro rata share thereof as provided herein (including as in contravention of the priorities of payment set forth in Section 8.03), then the Credit Party receiving such greater proportion shall (a) notify the Agent of such
fact, and (b) purchase (for cash at face value) participations in the Obligations of the other Credit Parties, or make such other adjustments as shall be equitable, so that the benefit of all such payments shall be shared by the Credit Parties
ratably and in the priorities set forth in Section 8.03, provided that: 
 (i) if any such participations
or sub-participations are purchased and all or any portion of the payment giving rise thereto is recovered, such participations or sub-participations shall be rescinded and the purchase price restored to the extent of such recovery, without
interest; and 
 (ii) the provisions of this Section shall not be construed to apply to (x) any payment made by the Loan
Parties pursuant to and in accordance with the express terms of this Agreement (including the application of funds arising from the existence of a Defaulting Lender) or any payment on account of the Other Liabilities prior to the occurrence of an
Event of Default, or (y) any payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Revolving Loans or sub-participations in L/C Obligations or Swing Line Loans to any Eligible Assignee or
Participant, other than to the Loan Parties or any Subsidiary thereof (as to which the provisions of this Section shall apply). 
 Each Loan
Party consents to the foregoing and agrees, to the extent it may effectively do so under Law, that any Lender acquiring a participation pursuant to the foregoing arrangements may exercise against such Loan Party rights of setoff and counterclaim
with respect to such participation as fully as if such Lender were a direct creditor of such Loan Party in the amount of such participation. 

2.14 Settlement Amongst Lenders 

(a) The amount of each Lender’s Applicable Percentage of outstanding Loans (including, for clarity, outstanding Swing Line Loans), shall
be computed weekly (or more frequently in the Agent’s discretion) and shall be adjusted upward or downward based on all Loans and repayments of Loans received by the Agent as of 3:00 p.m. on the first Business Day (such date, the
“Settlement Date”) following the end of the period specified by the Agent. 
 (b) The Agent shall deliver to each of the
Lenders promptly after a Settlement Date a summary statement of the amount of outstanding Loans (including, for clarity, outstanding Swing Line Loans) for the period and the amount of repayments received for the period. As reflected on the summary
statement, each Lender (other than the Swing Line Lender) shall transfer to the Agent (as provided below) or the Agent shall transfer to each Lender (including, for clarity, the Swing Line 

  
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Lender), such amounts as are necessary to insure that, after giving effect to all such transfers, the Outstanding Amount of Swing Line Loans is zero and the amount of Revolving Loans made by each
Lender shall be equal to such Lender’s Applicable Percentage of all Revolving Loans outstanding as of such Settlement Date. If the summary statement requires transfers to be made to the Agent by the Lenders and is received prior to 1:00 p.m. on
a Business Day, such transfers shall be made in immediately available funds no later than 3:00 p.m. that day; and, if received after 1:00 p.m., then no later than 3:00 p.m. on the next Business Day. The obligation of each Lender to transfer such
funds is irrevocable, unconditional and without recourse to or warranty by the Agent. If and to the extent any Lender shall not have so made its transfer to the Agent, such Lender agrees to pay to the Agent, forthwith on demand such amount, together
with interest thereon, for each day from such date until the date such amount is paid to the Agent, equal to the greater of the Federal Funds Rate and a rate determined by the Agent in accordance with banking industry rules on interbank compensation
plus any administrative, processing, or similar fees customarily charged by the Agent in connection with the foregoing. 
 2.15 Increase
in Commitments. 
 (a) Request for Increase. Provided no Default or Event of Default then exists or would arise therefrom, upon
notice to the Agent (which shall promptly notify the Lenders), the Lead Borrower may from time to time, request an increase in the Aggregate Commitments (or, solely to the extent set forth in Section 2.15(f) below, provide commitments under a
new facility constituting a FILO Tranche) by an amount (for all such requests) not exceeding (x) $30,000,00050,000,000 plus (y) an amount equal to the aggregate principal
amount of all permanent commitment reductions of the Aggregate Commitments after the Third Amendment Effective
Date plus (z) as of the applicable date of determination, the amount as of such date by which the
Borrowing Base exceeds Aggregate Commitments on such date; provided that (i) any such request for an increase shall be in a minimum amount of $10,000,000 (or such lesser amount as to
which the Agent may agree in writing), and (ii) the Lead Borrower may make a maximum of three (3) such requests. At the time of sending such notice, the Lead Borrower (in consultation with the Agent) shall specify the Persons to whom such
requested increase is to be made (and if to any then existing Lender, such request shall be made pro rata to all existing Lenders) and the time period within which each such Person is requested to respond (which shall in no event be less than ten
Business Days from the date of delivery of such notice to such Persons). Any Person so designated by the Lead Borrower which is not then a Lender shall be subject to the approval of the Agent, the L/C Issuer and the Swing Line Lender (which
approvals shall not be unreasonably withheld, delayed or conditioned). 
 (b) Elections to Increase. Each Person to whom a
request for an increase is made pursuant to clause (a), above, shall notify the Agent within such time period whether or not it agrees to furnish, or as to then existing Lenders increase, its Commitment and, if so, the amount of its Commitment it is
willing to furnish or increase. Any Person not responding within such time period shall be deemed to have declined to furnish, or as to then existing Lenders, increase, its Commitment. 

(c) Notification by Agent; Additional Commitment Lenders. The Agent shall notify the Lead Borrower of each Person’s responses to
each request made hereunder. To achieve the full amount of a requested increase and subject to the approval of the Agent, the L/C Issuer and the Swing Line Lender (which approvals shall not be unreasonably withheld, delayed or conditioned), to the
extent that the Persons so designated by the Lead Borrower pursuant to clause (a) hereof decline to establish, or with respect to then existing Lenders to increase their Commitments, or decline to increase their Commitments to the amount
requested by the Lead Borrower, Bank of America will use its reasonable efforts to arrange for other Eligible Assignees to become a Lender hereunder and to issue commitments in an amount equal to the amount of the increase in the Aggregate
Commitments requested by the Lead Borrower and not accepted by the Persons so designated (and the Lead Borrower may also invite additional Eligible Assignees to become Lenders), provided, however, that without the consent of the Agent, at no
time shall the Commitment of any Additional Commitment Lender be less than $5,000,000. 

  
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 (d) Effective Date and Allocations. If the Aggregate Commitments are increased in
accordance with this Section, the Agent, in consultation with the Lead Borrower, shall determine the effective date (the “Increase Effective Date”) and the final allocation of such increase. The Agent shall promptly notify the Lead
Borrower and the new (if any) and existing Lenders of the final allocation of such increase and the Increase Effective Date and on the Increase Effective Date (i) the Aggregate Commitments under, and for all purposes of, this Agreement shall be
increased by the aggregate amount of such Commitment increases, and (ii) Schedule 2.01 shall be deemed modified, without further action, to reflect the revised Commitments and Applicable Percentages of the new and existing Lenders. 

(e) Conditions to Effectiveness of Increase. As a condition precedent to such increase, (i) the Lead Borrower shall deliver to the
Agent a certificate of each Loan Party dated as of the Increase Effective Date signed by a Responsible Officer of such Loan Party (A) certifying and attaching the resolutions adopted by such Loan Party approving or consenting to such increase,
and (B) in the case of the Borrowers, certifying that, before and after giving effect to such increase, (1) the representations and warranties contained in Article V and the other Loan Documents are true and correct in all material
respects on and as of the Increase Effective Date, except to the extent that such representations and warranties (x) specifically refer to an earlier date, in which case they are true and correct in all material respects as of such earlier date
or (y) are qualified by materiality in the text thereof, in which case they are true and correct in all respects, and except that for purposes of this Section 2.15, the representations and warranties contained in subsections
(a) and (b) of Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant to clauses (a) and (b), respectively, of Section 6.01, and (2) no Default or Event of Default exists or
would arise therefrom, (ii) the Borrowers, the Agent, and any Additional Commitment Lender shall have executed and delivered a joinder to the Loan Documents in such form as the Agent shall reasonably require; (iii) the Borrowers shall have
paid such fees and other compensation to the Additional Commitment Lenders as the Lead Borrower and such Additional Commitment Lenders shall reasonably agree; (iv) the Borrowers shall have paid such arrangement fees to Bank of America as the
Lead Borrower and the Agent may reasonably agree; (v) if reasonably requested by the Agent, the Borrowers shall deliver an opinion or opinions, in form and substance reasonably satisfactory to the Agent, from counsel to the Borrowers reasonably
satisfactory to the Agent and dated such date; (vi) the Borrowers and the Additional Commitment Lender shall have delivered such other instruments, documents and agreements as the Agent may reasonably have requested; and (vii) no Default
or Event of Default exists. The Borrowers shall prepay any Revolving Loans outstanding on the Increase Effective Date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep the outstanding
Revolving Loans ratable with any revised Applicable Percentages arising from any non-ratable increase in the Commitments under this Section. 

(f) FILO Tranche. An increase under this Section 2.15 may be in the form of a separate “first-in, last-out” or
“last-out” tranche (the “FILO Tranche”) with interest rate margins, rate floors, upfront fees, funding discounts and original issue discounts, in each case to be agreed upon (which, for the avoidance of doubt, shall not require
any adjustment to the Applicable Rate of other Revolving Loans) among the applicable Borrower and the Lenders providing the FILO Tranche so long as (a) any Loans and related Obligations in respect of the FILO Tranche are not to be guaranteed by
any Person other than the Guarantors and are not secured by any assets other than Collateral, (b) as between 

  
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 (x) the Revolving Loans (other than the FILO Tranche) and (y) the FILO Tranche, all
proceeds from the liquidation or other realization of the Collateral or application of funds in accordance with Section 8.03 shall be applied, first to obligations owing under, or with respect to, the Revolving Loans (other than the FILO
Tranche) and second to the FILO Tranche; (c) the Borrowers may not prepay Loans under the FILO Tranche or terminate or reduce the commitments in respect thereof at any time that other Loans (including Swing Line Loans) and/or Unreimbursed
Amounts (unless cash collateralized or otherwise provided for in a manner reasonably satisfactory to the Agent) are outstanding; (d) any prepayment of the FILO Tranche pursuant to Section 2.05 shall be subject to satisfaction of the
Payment Conditions on a pro forma basis; (e) the Required Lenders (calculated as including the FILO Tranche) shall, control exercise of remedies in respect of the Collateral; (f) no changes affecting the priority status of this
facility (other than the FILO Tranche) vis-à-vis the FILO Tranche may be made without the consent of the Required Lenders under this facility, other than such changes which affect only the FILO Tranche; 

(g) the final maturity of any FILO Tranche shall not occur, and no FILO Tranche shall require mandatory commitment reductions prior to, the
Latest Maturity Date at such time; and (h) except as otherwise set forth in this Section 2.15(f), the terms of any FILO Tranche are not materially less favorable to the Borrowers than those hereunder (including, without limitation, the
inclusion of any additional financial or other material covenant without the consent of the Agent); provided however, that advance rates with respect to the items included in the borrowing base for such FILO Tranche shall not exceed 100% of
the Appraised Value of Eligible Inventory and 100% of the Appraised Value of Eligible In-Transit Inventory and 100% of Eligible Credit Card Receivables. 

(g) Conflicting Provisions. This Section shall supersede any provisions in Sections 2.13 or 10.01 to the contrary. 

2.16 Defaulting Lenders. 

(a) Adjustments. Notwithstanding anything to the contrary contained in this Agreement, if any Lender becomes a Defaulting Lender, then,
until such time as that Lender is no longer a Defaulting Lender, to the extent permitted by applicable Law: 
 (i) Waivers and
Amendments. Such Defaulting Lender’s right to approve or disapprove any amendment, waiver or consent with respect to this Agreement shall be restricted as set forth in the definitions of “Required Lenders” and
Section 10.01. 
 (ii) Defaulting Lender Waterfall. Any payment of principal, interest, fees or other
amounts received by the Agent for the account of such Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Article VIII or otherwise) or received by the Agent from a Defaulting Lender pursuant to
Section 10.08 shall be applied at such time or times as may be determined by the Agent as follows: first, to the payment of any amounts owing by such Defaulting Lender to the Agent hereunder; second, to the payment on a pro
rata basis of any amounts owing by such Defaulting Lender to the L/C Issuer or Swing Line Lender hereunder; third, to Cash Collateralize the L/C Issuer’s Fronting Exposure with respect to such Defaulting Lender; fourth, as the
Lead Borrower may request (so long as no Default or Event of Default exists), to the funding of any Loan in respect of which such Defaulting Lender has failed to fund its portion thereof as required by this Agreement, as determined by the Agent;
fifth, if so determined by the Agent and the Lead Borrower, to be held in a deposit account and released pro rata in order to (x) satisfy such Defaulting Lender’s potential future funding obligations with respect to Loans under this
Agreement (including, without limitation, future Fronting Exposure with respect to such Defaulting Lender with respect to Swing Line Loans) and 

  
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 (y) Cash Collateralize the L/C Issuer’s future Fronting Exposure with
respect to such Defaulting Lender with respect to future Letters of Credit issued under this Agreement; sixth, to the payment of any amounts owing to the Lenders, the L/C Issuer or Swing Line Lender as a result of any judgment of a court of
competent jurisdiction obtained by any Lender, the L/C Issuer or the Swing Line Lender against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; seventh, so long as no Default
or Event of Default exists, to the payment of any amounts owing to the Borrowers as a result of any judgment of a court of competent jurisdiction obtained by the Borrowers against such Defaulting Lender as a result of such Defaulting Lender’s
breach of its obligations under this Agreement; and eighth, to such Defaulting Lender or as otherwise directed by a court of competent jurisdiction; provided that if (x) such payment is a payment of the principal amount of any Loans or
L/C Borrowings in respect of which such Defaulting Lender has not fully funded its appropriate share, and (y) such Loans were made or the related Letters of Credit were issued at a time when the conditions set forth in Section 4.02 were
satisfied or waived, such payment shall be applied solely to pay the Loans of, and L/C Obligations owed to, all Non-Defaulting Lenders on a pro rata basis prior to being applied to the payment of any Loans of, or L/C Obligations owed to, such
Defaulting Lender until such time as all Loans and funded and unfunded participations in L/C Obligations and Swing Line Loans are held by the Lenders pro rata in accordance with the Commitments hereunder without giving effect to
Section 2.16(a)(iv). Any payments, prepayments or other amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting Lender or to post Cash Collateral pursuant to this
Section 2.16(a)(ii) shall be deemed paid to and redirected by such Defaulting Lender, and each Lender irrevocably consents hereto. 

(iii) Certain Fees. 

(A) No Defaulting Lender shall be entitled to receive any fee payable under Section 2.09(i) for any period during which that
Lender is a Defaulting Lender (and the Borrowers shall not be required to pay any such fee that otherwise would have been required to have been paid to that Defaulting Lender). 

(B) Each Defaulting Lender shall be entitled to receive Letter of Credit Fees owing to such Defaulting Lender for any period during which that
Lender is a Defaulting Lender only to the extent allocable to its Applicable Percentage of the stated amount of Letters of Credit for which it has provided Cash Collateral pursuant to Section 2.03(g). 

(C) With respect to any fee payable under Section 2.09(i) or any Letter of Credit Fee not required to be paid to any Defaulting
Lender pursuant to clause (A) or 
 (B) above, the Borrowers shall (x) pay to each Non-Defaulting Lender that portion of
any such fee otherwise payable to such Defaulting Lender with respect to such Defaulting Lender’s participation in L/C Obligations or Swing Line Loans that has been reallocated to such Non-Defaulting Lender pursuant to clause
(iv) below, (y) pay to the L/C Issuer and Swing Line Lender, as applicable, the amount of any such fee otherwise payable to such Defaulting Lender to the extent allocable to such L/C Issuer’s or Swing Line Lender’s Fronting
Exposure to such Defaulting Lender, and (z) not be required to pay the remaining amount of any such fee. 
 (iv)
Reallocation of Applicable Percentages to Reduce Fronting Exposure. All or any part of such Defaulting Lender’s participation in L/C Obligations and Swing Line Loans shall be reallocated among the Non-Defaulting Lenders in accordance
with their respective Applicable Percentages (calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that (x) the conditions set forth in Section 4.02 are satisfied at the time of such
reallocation (and, unless the Borrowers shall have 

  
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otherwise notified the Agent at such time, the Borrowers shall be deemed to have represented and warranted that such conditions are satisfied at such time), and (y) such reallocation does
not cause the aggregate Outstanding Amount of Obligations (excluding Other Liabilities) of any Non-Defaulting Lender to exceed such Non-Defaulting Lender’s Commitment. No reallocation hereunder shall constitute a waiver or release of any claim
of any party hereunder against a Defaulting Lender arising from that Lender having become a Defaulting Lender, including any claim of a Non-Defaulting Lender as a result of such Non-Defaulting Lender’s increased exposure following such
reallocation. 
 (v) Cash Collateral, Repayment of Swing Line Loans. If the reallocation described in clause (a)(iv)
above cannot, or can only partially, be effected, the Borrowers shall, without prejudice to any right or remedy available to them hereunder or under applicable Law, (x) first, prepay Swing Line Loans in an amount equal to the Swing Line
Lenders’ Fronting Exposure and (y) second, Cash Collateralize the L/C Issuer’s Fronting Exposure in accordance with the procedures set forth in Section 2.03(g). 

(b) Defaulting Lender Cure. If the Lead Borrower and the Agent (and, if the applicable Lender is a Lender, the Swing Line Lender and the
L/C Issuer) agree in writing that a Lender is no longer a Defaulting Lender, the Agent will so notify the parties hereto, whereupon as of the effective date specified in such notice and subject to any conditions set forth therein (which may include
arrangements with respect to any Cash Collateral), that Lender will, to the extent applicable, purchase at par that portion of outstanding Loans of the other Lenders or take such other actions as the Agent may determine to be necessary to cause the
Revolving Loans and funded and unfunded participations in Letters of Credit and Swing Line Loans to be held on a pro rata basis by the Lenders in accordance with their Applicable Percentages (without giving effect to
Section 2.16(a)(iv)), whereupon such Lender will cease to be a Defaulting Lender; provided that no adjustments will be made retroactively with respect to fees accrued or payments made by or on behalf of the Borrowers while that Lender
was a Defaulting Lender; and provided, further, that except to the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Lender to Lender will constitute a waiver or release of any claim of any party
hereunder arising from that Lender’s having been a Defaulting Lender. 
 2.17 Extension of Maturity Date. 

(a) Extension of Commitments. The Borrowers may at any time and from time to time request that all or a portion of the Commitments
(each, an “Existing Revolver Tranche”) be amended to extend the Maturity Date with respect to all or a portion of any principal amount of such Commitments (any such Commitments which have been so amended, “Extended Commitments”)
and to provide for other terms consistent with this Section 2.17; provided that there shall be no more than three (3) tranches of Loans and Commitments outstanding at any time. In order to establish any Extended Commitments, the
Lead Borrower shall provide a notice to the Agent (who shall provide a copy of such notice to each of the Lenders under the applicable Existing Revolver Tranche) (each, an “Extension Request”) setting forth the proposed terms (which shall
be determined in consultation with the Agent) of the Extended Commitments to be established, which shall (x) be identical as offered to each Lender under such Existing Revolver Tranche (including as to the proposed interest rates and fees
payable) and offered pro rata to each Lender under such Existing Revolver Tranche and (y) be identical to the Commitments under the Existing Revolver Tranche from which such Extended Commitments are to be amended, except that: (i) the
Maturity Date of the Extended Commitments shall be later than the Maturity Date of the Commitments of such Existing Revolver Tranche, (ii) the Extension Amendment 

  
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may provide for other covenants and terms that apply solely to any period after the Latest Maturity Date that is in effect on the effective date of the Extension Amendment (immediately prior to
the establishment of such Extended Commitments); and (iii) all borrowings under the Commitments and repayments thereunder shall be made on a pro rata basis (except for (I) payments of interest and fees at different rates on Extended
Commitments (and related outstandings) and (II) repayments required upon the termination date of the non-extending Commitments); provided further, that (A) the conditions precedent to a Borrowing set forth in Section 4.02
shall be satisfied as of the date of such Extension Amendment and at the time when any Loans are made in respect of any Extended Commitment, (B) in no event shall the final maturity date of any Extended Commitments of a given Extension Series
at the time of establishment thereof be earlier than the then Latest Maturity Date of any other Commitments hereunder, and (C) all documentation in respect of the such Extension Amendment shall be consistent with the foregoing. Any Extended
Commitments amended pursuant to any Extension Request shall be designated a series (each, an “Extension Series”) of Extended Commitments for all purposes of this Agreement; provided that any Extended Commitments amended from an Existing
Revolver Tranche may, to the extent provided in the applicable Extension Amendment, be designated as an increase in any previously established Extension Series with respect to such Existing Revolver Tranche. Each Extension Series of Extended
Commitments incurred under this Section 2.17 shall be in an aggregate principal amount reasonably acceptable to the Agent. 
 (b)
Extension Request. The Lead Borrower shall provide the applicable Extension Request at least sixty (60) Business Days (or such shorter period as may be agreed by the Agent) prior to the date on which Lenders under the Existing Revolver
Tranche are requested to respond, and shall agree to such procedures, if any, as may be established by, or acceptable to, the Agent, in each case acting reasonably, to accomplish the purposes of this Section 2.17. No Lender shall have
any obligation to agree to provide any Extended Commitment pursuant to any Extension Request. Any Lender (each, an “Extending Lender”) wishing to have all or a portion of its Commitments under the Existing Revolver Tranche subject to such
Extension Request amended into Extended Commitments shall notify the Agent (each, an “Extension Election”) on or prior to the date specified in such Extension Request of the amount of its Commitments under the Existing Revolver Tranche
which it has elected to request be amended into Extended Commitments (subject to any minimum denomination requirements imposed by the Agent). In the event that the aggregate principal amount of Commitments under the Existing Revolver Tranche in
respect of which applicable Lenders shall have accepted the relevant Extension Request exceeds the amount of Extended Commitments requested to be extended pursuant to the Extension Request, Commitments subject to Extension Elections shall be amended
to reflect allocations of the Extended Commitments, which Extended Commitments shall be allocated as agreed by the Agent and the Lead Borrower. 

(c) New Revolving Commitment Lenders. Following any Extension Request made by the Borrowers in accordance with Sections 2.17(a)
and 2.17(b), if the Lenders shall have declined to agree during the period specified in Section 2.17(b) above to provide Extended Commitments in an aggregate principal amount equal to the amount requested by the Borrowers in such
Extension Request, the Borrowers may request that Additional Commitment Lenders provide an Extended Commitment hereunder (an “Additional Commitment”); provided that such Extended Commitments of such Additional Commitment Lenders
(i) shall be in an aggregate principal amount for all such Additional Commitment Lenders not to exceed the aggregate principal amount of Extended Commitments so declined to be provided by the existing Lenders and (ii) shall be on identical
terms to the terms applicable to the terms specified in the applicable Extension Request (and any Extended Commitments provided by existing Lenders in respect thereof); provided further that, as a condition to the effectiveness of any
Extended Commitment of any Additional Commitment Lender, the Agent, the L/C Issuer and the Swing Line Lender shall have consented (such consent not to be unreasonably withheld) to each Additional 

  
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Commitment Lender if such consent would be required under Section 10.06(b) for an assignment of Commitments to such Person. Notwithstanding anything herein to the contrary, any
Extended Commitment provided by Additional Commitment Lenders shall be pro rata to each Additional Commitment Lender. Upon effectiveness of the Extension Amendment to which each such Additional Commitment Lender is a party, (a) the Commitments
of all existing Lenders of each Type specified in the Extension Amendment in accordance with this Section 2.17 will be permanently reduced pro rata by an aggregate amount equal to the aggregate principal amount of the Extended
Commitments of such Additional Commitment Lenders and (b) the Commitment of each such Additional Commitment Lender will become effective. The Extended Commitments of Additional Commitment Lenders will be incorporated as Commitments hereunder in
the same manner in which Extended Commitments of existing Lenders are incorporated hereunder pursuant to this Section 2.17, and for the avoidance of doubt, all Borrowings and repayments of Loans from and after the effectiveness of such
Extension Amendment shall be made pro rata across all Types of Commitments including such Additional Commitment Lenders (based on the outstanding principal amounts of the respective Types of Commitments) except for (x) payments of interest and
fees at different rates for each Type of Commitments and (y) repayments required on the Maturity Date for any particular Type of Commitments. Upon the effectiveness of each Additional Commitment pursuant to this Section 2.17(c), (a)
each Lender of all applicable existing Types of Commitments immediately prior to such effectiveness will automatically and without further act be deemed to have assigned to each Additional Commitment Lender, and each such Additional Commitment
Lender will automatically and without further act be deemed to have assumed, a portion of such Lender’s participations hereunder in outstanding Letters of Credit and Swing Line Loans such that, after giving effect to each such deemed assignment
and assumption of participations, the percentage of the outstanding (i) participations hereunder in Letters of Credit and (ii) participations hereunder in Swing Line Loans held by each Lender of each Type of Commitments (including each
such Additional Commitment Lender) will equal the percentage of the aggregate Commitments of all Types of Lenders represented by such Lender’s Commitment and (b) if, on the date of such effectiveness, there are any Loans outstanding, such
Loans shall on or prior to the effectiveness of such Additional Commitment be prepaid from the proceeds of Loans outstanding after giving effect to such Additional Commitments, which prepayment shall be accompanied by accrued interest on the Loans
being prepaid and any costs incurred by any Lender in accordance with Section 3.04. The Agent and the Lenders hereby agree that the minimum borrowing, pro rata borrowing and pro rata payment requirements contained elsewhere in this
Agreement shall not apply to the transactions effected pursuant to the immediately preceding sentence. 
 (d) Extension Amendment.
Extended Commitments and Additional Commitments shall be established pursuant to an amendment (each, an “Extension Amendment”) to this Agreement among the Borrowers, the Agent and each Extending Lender and each Additional Commitment
Lender, if any, providing an Extended Commitment or an Additional Commitment, as applicable, thereunder, which shall be consistent with the provisions set forth in Sections 2.17(a), (b) and (c) above (but which shall
not require the consent of any other Lender). The effectiveness of any Extension Amendment shall be subject to the satisfaction on the date thereof of each of the conditions set forth in Section 4.02 and, to the extent reasonably
requested by the Agent, receipt by the Agent of (i) legal opinions, board resolutions and officers’ certificates consistent with those delivered on the Closing Date other than changes to such legal opinion resulting from a Change in Law,
change in fact or change to counsel’s form of opinion reasonably satisfactory to the Agent and (ii) reaffirmation agreements and/or such amendments to the Security Documents as may be reasonably requested by the Agent in order to ensure
that the Extended Commitments or the Additional Commitments, as the case may be, are provided with the benefit of the applicable Loan Documents. The Agent shall promptly notify each Lender as to the effectiveness of each Extension Amendment. Each of
the parties hereto hereby agrees that this Agreement and the other Loan Documents may be amended pursuant to an Extension Amendment, without the consent of any other 

  
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Lenders, to the extent (but only to the extent) necessary to (i) reflect the existence and terms of the Extended Commitments or the Additional Commitments, as the case may be, incurred
pursuant thereto, (ii) make such other changes to this Agreement and the other Loan Documents (without the consent of the Required Lenders) and (iii) effect such other amendments to this Agreement and the other Loan Documents as may be
necessary or appropriate, in the reasonable opinion of the Agent and the applicable Borrower, to effect the provisions of this Section, and the Required Lenders hereby expressly authorize the Agent to enter into any such Extension Amendment. 

(e) Treatment as Payment of Loans. No conversion of Loans pursuant to any Extension in accordance with this Section 2.17
shall constitute a voluntary or mandatory payment or prepayment for purposes of this Agreement. 
 (f) Conflicting Provisions. This
Section shall supersede any provisions in Sections 2.13 or 10.01 to the contrary. 
 ARTICLE III 

TAXES, YIELD PROTECTION AND ILLEGALITY; 

APPOINTMENT OF LEAD BORROWER 

3.01 Taxes. 
 (a)
Payments Free of Taxes; Obligation to Withhold; Payments on Account of Taxes. 
 (i) Any and all payments by or
on account of any obligation of any Loan Party under any Loan Document shall be made without deduction or withholding for any Taxes, except as required by applicable Laws. If any applicable Laws (as determined in the good faith discretion of the
Agent) require the deduction or withholding of any Tax from any such payment by the Agent or a Loan Party, then the Agent or such Loan Party shall be entitled to make such deduction or withholding, upon the basis of the information and documentation
to be delivered pursuant to subsection (e) below. 
 (ii) If any Loan Party or the Agent shall be required by any
applicable Laws other than the Code to withhold or deduct any Taxes from any payment, then (A) such Loan Party or the Agent, as required by such Laws, shall withhold or make such deductions as are determined by it to be required based upon the
information and documentation it has received pursuant to subsection (e) below, (B) such Loan Party or the Agent, to the extent required by such Laws, shall timely pay the full amount withheld or deducted to the relevant
Governmental Authority in accordance with such Laws, and (C) to the extent that the withholding or deduction is made on account of Indemnified Taxes, the sum payable by the applicable Loan Party shall be increased as necessary so that after any
required withholding or the making of all required deductions (including deductions applicable to additional sums payable under this Section 3.01) the applicable Recipient receives an amount equal to the sum it would have received had no
such withholding or deduction on account of Indemnified Taxes been made. 

  
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 (b) Payment of Other Taxes by the Borrowers. Without limiting the provisions of
subsection (a) above, the Borrowers shall timely pay to the relevant Governmental Authority in accordance with applicable Law, or at the option of the Agent timely reimburse it for the payment of, any Other Taxes. 

(c) Tax Indemnifications. 

(i) The Loan Parties shall, and each Loan Party does hereby, jointly and severally indemnify each Recipient, and shall make
payment in respect thereof within 10 days after demand therefor, for the full amount of any Indemnified Taxes (including Indemnified Taxes imposed or asserted on or attributable to amounts payable under this Section 3.01) payable or paid
by such Recipient or required to be withheld or deducted from a payment to such Recipient, and any penalties, interest and 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 Lead Borrower by a Lender or the L/C Issuer (with a copy to the Agent), or by the Agent on its own behalf or on
behalf of a Lender or the L/C Issuer, shall be conclusive absent manifest error. 
 (ii) Each Lender and the L/C Issuer
shall, and does hereby, severally indemnify, and shall make payment in respect thereof within 10 days after demand therefor, (x) the Agent against any Indemnified Taxes attributable to such Lender or the L/C Issuer (but only to the extent that
any Loan Party has not already indemnified the Agent for such Indemnified Taxes and without limiting the obligation of the Loan Parties to do so), (y) the Agent and the Loan Parties, as applicable, against any Taxes attributable to such
Lender’s failure to comply with the provisions of Section 10.06(d) relating to the maintenance of a Participant Register and (z) the Agent and the Loan Parties, as applicable, against any Excluded Taxes attributable to such
Lender or the L/C Issuer, in each case, that are payable or paid by the Agent or a Loan Party in connection with any Loan Document, and any reasonable expenses arising therefrom or with respect thereto, whether or not such Taxes were correctly or
legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to any Lender by the Agent shall be conclusive absent manifest error. Each Lender and the L/C Issuer hereby
authorizes the Agent to set off and apply any and all amounts at any time owing to such Lender or the L/C Issuer, as the case may be, under this Agreement or any other Loan Document against any amount due to the Agent under this clause (ii). 

(d) Evidence of Payments. Upon request by the Lead Borrower or the Agent, as the case may be, after any payment of Taxes by the Lead
Borrower or by the Agent to a Governmental Authority as provided in this Section 3.01, the Lead Borrower shall deliver to the Agent or the Agent shall deliver to the Lead Borrower, as the case may be, the original or a certified copy of
a receipt issued by such Governmental Authority evidencing such payment, a copy of any return required by Laws to report such payment or other evidence of such payment reasonably satisfactory to the Lead Borrower or the Agent, as the case may be.

  
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 (e) Status of Lenders; Tax Documentation. 

(i) Any Lender that is entitled to an exemption from or reduction of withholding Tax with respect to payments made under any
Loan Document shall deliver to the Lead Borrower and the Agent, at the time or times reasonably requested by the Lead Borrower or the Agent, such properly completed and executed documentation reasonably requested by the Lead Borrower or the Agent as
will permit such payments to be made without withholding or at a reduced rate of withholding. In addition, any Lender, if reasonably requested by the Lead Borrower or the Agent, shall deliver such other documentation prescribed by applicable Law or
reasonably requested by the Lead Borrower or the Agent as will enable the Lead Borrower or the Agent to determine whether or not such Lender is subject to backup withholding or information reporting requirements. Notwithstanding anything to the
contrary in the preceding two sentences, the completion, execution and submission of such documentation (other than such documentation set forth in Section 3.01(e)(ii)(A), (ii)(B) and (ii)(D) below) shall not be required if
in the Lender’s reasonable judgment such completion, execution or submission would subject such Lender to any material unreimbursed cost or expense or would materially prejudice the legal or commercial position of such Lender. 

(ii) Without limiting the generality of the foregoing, in the event that the Lead Borrower is a U.S. Person, 

(A) any Lender that is a U.S. Person shall deliver to the Lead Borrower and the Agent on or prior to the date on which such Lender becomes a
Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Lead Borrower or the 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 shall, to the extent it is legally entitled to do so, deliver to the Lead Borrower and the Agent (in such number of
copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Lead Borrower or the 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 or W-8BEN-E, as applicable (or any successor forms), 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 any other applicable payments under any Loan Document, IRS Form W-8BEN or 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 (or any successor forms); 

(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 substantially in the form of Exhibit G-1 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 any
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 (a “U.S. Tax Compliance Certificate”) and (y) executed originals
of IRS Form W-8BEN or W-8BEN-E, as applicable (or any successor forms); or 

  
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 (IV) to the extent a Foreign Lender is not the beneficial owner, executed
originals of IRS Form W-8IMY (or any successor forms), accompanied by IRS Form W-8ECI, IRS Form W-8BEN or W-8BEN-E, as applicable, a U.S. Tax Compliance Certificate substantially in the form of Exhibit G-2 or Exhibit G-3, 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 substantially in the form of Exhibit G-4 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 the Lead Borrower and the Agent (in such number of
copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Lead Borrower or the 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 the Lead Borrower or the Agent to determine the withholding or deduction required to be made; and 
 (D) if a payment made to a
Lender under any Loan Document 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, as applicable), such Lender shall deliver to the Lead Borrower and the Agent at the time or times prescribed by law and at such time or times reasonably requested by the Lead Borrower or the 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 Lead Borrower or the Agent as may be necessary for the Lead Borrower and the Agent to comply with
their obligations under FATCA and to determine that such Lender has complied with such Lender’s obligations under FATCA or to determine the amount to deduct and withhold from such payment. Solely for purposes of this clause (D),
“FATCA” shall include any amendments made to FATCA after the date of this Agreement. 
 (iii) Each Lender agrees
that if any form or certification it previously delivered pursuant to this Section 3.01 expires or becomes obsolete or inaccurate in any respect, it shall update such form or certification or promptly notify the Lead Borrower and the
Agent in writing of its legal inability to do so. 
 (f) Mitigation. If any Recipient claims any additional amounts payable pursuant
to this Section 3.01, then such Recipient shall use its reasonable efforts to mitigate or reduce the additional amounts payable, which reasonable efforts may include a change in the jurisdiction of its Lending Office (or any other
measures reasonably requested by the Borrowers) if, in the judgment of such Recipient, such a change or other measures would reduce any such additional amounts (or any similar amount that may thereafter accrue) and would not, in the sole
determination of such Recipient, result in any unreimbursed cost or expense or be otherwise disadvantageous to such Recipient. The Borrowers agree to pay all reasonable costs and expenses incurred by any Recipient in connection with any such efforts
or measures. 

  
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 (g) Treatment of Certain Refunds. Unless required by applicable Laws, at no time
shall the Agent have any obligation to file for or otherwise pursue on behalf of a Lender or the L/C Issuer, or have any obligation to pay to any Lender or the L/C Issuer, any refund of Taxes withheld or deducted from funds paid for the account of
such Lender or the L/C Issuer, as the case may be. If any Recipient 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 any Loan Party or with respect to which
any Loan Party has paid additional amounts pursuant to this Section 3.01, it shall pay to the Loan Party an amount equal to such refund (but only to the extent of indemnity payments made, or additional amounts paid, by a Loan Party under
this Section 3.01 with respect to the Taxes giving rise to such refund), net of all out-of-pocket expenses (including Taxes) incurred by such Recipient, and without interest (other than any interest paid by the relevant Governmental
Authority with respect to such refund), provided that the Loan Party, upon the request of the Recipient, agrees to repay the amount paid over to the Loan Party (plus any penalties, interest or other charges imposed by the relevant Governmental
Authority) to the Recipient in the event the Recipient is required to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary in this subsection, in no event will the applicable Recipient be required to pay any
amount to the Loan Party pursuant to this subsection the payment of which would place the Recipient in a less favorable net after-Tax position than such Recipient 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. This subsection shall not be construed to require any Recipient to make available its
tax returns (or any other information relating to its taxes that it deems confidential) to any Loan Party or any other Person. 
 (h)
FATCA. For purposes of determining withholding Taxes imposed under FATCA, from and after the effective date of this Agreement, the Borrowers and the Agent shall treat (and the Lenders hereby authorize the Agent to treat) this Agreement as not
qualifying as a “grandfathered obligation” within the meaning of Treasury Regulation Section 1.1471-2(b)(2)(i). 

(i) Survival. Each party’s obligations under this Section 3.01 shall survive the resignation or
replacement of the Agent or any assignment of rights by, or the replacement of, a Lender or the L/C Issuer, the termination of the Commitments and the repayment, satisfaction or discharge of all other Obligations. 

3.02 Illegality. If any Lender determines that any Law has made it unlawful, or that any Governmental Authority has asserted that it is
unlawful, for any Lender or its applicable Lending Office to make, maintain or fund LIBOR Rate Loans, or to determine or charge interest rates based upon the LIBOR Rate, or any Governmental Authority has imposed material restrictions on the
authority of such Lender to purchase or sell, or to take deposits of, Dollars in the London interbank market, then, on notice thereof by such Lender to the Lead Borrower through the Agent, (i) any obligation of such Lender to make or continue
LIBOR Rate Loans or to Convert Base Rate Loans to LIBOR Rate Loans shall be suspended, and (ii) if such notice asserts the illegality of such Lender making or maintaining Base Rate Loans the interest rate on which is determined by reference to
the LIBOR Rate component of the Base Rate, the interest rate on which Base Rate Loans of such Lender shall, if necessary to avoid such illegality, be determined by the Agent without reference to the LIBOR Rate component of the Base Rate,

  
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in each case, until such Lender notifies the Agent and the Lead Borrower that the circumstances giving rise to such determination no longer exist. Upon receipt of such notice, (x) the
Borrowers shall, upon demand from such Lender (with a copy to the Agent), prepay or, if applicable, Convert all LIBOR Rate Loans of such Lender to Base Rate Loans (the interest rate on which Base Rate Loans of such Lender shall, if necessary to
avoid such illegality, be determined by the Agent without reference to the LIBOR Rate component of the Base Rate), either on the last day of the Interest Period therefor, if such Lender may lawfully continue to maintain such LIBOR Rate Loans to such
day, or immediately, if such Lender may not lawfully continue to maintain such LIBOR Rate Loans and (y) if such notice asserts the illegality of such Lender determining or charging interest rates based upon the LIBOR Rate, the Agent shall
during the period of such suspension compute the Base Rate applicable to such Lender without reference to the LIBOR Rate component thereof until the Agent is advised in writing by such Lender that it is no longer illegal for such Lender to determine
or charge interest rates based upon the LIBOR Rate. Upon any such prepayment or Conversion, the Borrowers shall also pay accrued interest on the amount so prepaid or Converted. 

3.03 Inability to Determine Rates. If the Required
Lenders determine that for any reason in connection with any request for a LIBOR Rate Loan or a
Conversionconversion
 to or continuation thereof, (i) the Agent
determines that
(aA) Dollar deposits are not being offered to banks in the London interbank
eurodollar market for the applicable amount and Interest
Period of such LIBOR Rate Loan,
(bor
(B) (x) adequate and reasonable means do not exist for determining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, or
(c) or in connection with an existing or proposed
Base Rate Loan and (y) the circumstances described in Section 3.03(c)(i) do not apply (in each case with respect to this clause (i), “Impacted Loans”), or (ii) the Agent or the Required Lenders determine that for any
reason the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to such Lenders of funding such LIBOR Rate Loan, the Agent will promptly so notify the Lead Borrower and
each Lender. Thereafter, (x) the obligation of the Lenders to make or maintain LIBOR Rate Loans shall be suspended,
(to the extent of the affected LIBOR Rate Loans or Interest Periods), and (y) in the event of a determination described in the preceding sentence with respect to the LIBOR Rate component of the Base Rate, the utilization of the LIBOR Rate component in determining the Base Rate
shall be suspended, in each case until the Agent (or, in the case of a determination by the Required Lenders
described in clause (ii) of Section 3.03(a), until the Agent (upon the instruction of the Required Lenders) revokes such notice.
Upon receipt of such notice, the Lead Borrower may revoke any pending request for a Borrowing of, Conversion to or continuation of LIBOR Rate Loans (to the extent of the affected LIBOR Rate Loans or Interest Periods) or, failing that, will be deemed
to have Converted such request into a request for a Revolving Borrowing of Base Rate Loans in the amount specified therein. 
 (b) Notwithstanding the foregoing, if the Agent has made the determination described in clause (i) of Section 3.03(a),
the Agent, in consultation with the Lead Borrower and the Required Lenders, may establish an alternative interest rate for the Impacted Loans, in which case, such alternative rate of interest shall apply with respect to the Impacted Loans until
(i) the Agent revokes the notice delivered with respect to the Impacted Loans under clause (i) of the first sentence of Section 3.03(a), (ii) the Agent or the Required Lenders notify the Agent and the Lead Borrower that such
alternative interest rate does not adequately and fairly reflect the cost to such Lenders of funding the Impacted Loans, or (iii) any Lender determines that any Law has made it unlawful, or that any Governmental Authority has asserted that it
is unlawful, for such Lender or its applicable Lending Office to make, maintain or fund Loans whose interest is determined by reference to such alternative rate of interest or to determine or charge interest rates based upon such rate or any
Governmental Authority has imposed material restrictions on the authority of such Lender to do any of the foregoing and provides the Agent and the Lead
Borrower written notice thereof. 

  
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(c)
 Notwithstanding anything to the contrary herein or in any
other Loan Document: 
 (i) On March 5, 2021 the Financial Conduct Authority (“FCA”), the regulatory supervisor of LIBOR’s
administrator (“IBA”), announced in a public statement the future cessation or loss of representativeness of overnight/Spot Next, 1-week, 1-month, 2-month, 3-month, 6-month and 12- month U.S. dollar LIBOR tenor settings. On the earliest of
(A) the date that all Available Tenors of U.S dollar LIBOR have permanently or indefinitely ceased to be provided by IBA or have been announced by the FCA pursuant to public statement or publication of information to be no longer
representative, (B) June 30, 2023, and (C) the Early Opt-in Effective Date in respect of a SOFR Early Opt-in, if the then-current Benchmark is LIBOR, the Benchmark Replacement will replace such Benchmark for all purposes hereunder and
under any Loan Document in respect of any setting of such Benchmark on such day and all subsequent settings without any amendment to, or further action or consent of any other party to this Agreement or any other Loan Document. If the Benchmark
Replacement is Daily Simple SOFR, all interest payments will be payable on a monthly basis. 

(ii)
 (x) Upon (A) the occurrence of a Benchmark
Transition Event or (B) a determination by the Agent that neither of the alternatives under clause (1) of the definition of Benchmark Replacement are available, the Benchmark Replacement will replace the then-current Benchmark for all
purposes hereunder and under any Loan Document in respect of any Benchmark setting at or after 5:00 p.m. on the fifth (5th) Business Day after the date notice of such Benchmark Replacement is provided to the Lenders without any amendment to, or
further action or consent of any other party to, this Agreement or any other Loan Document so long as the Agent has not received, by such time, written notice of objection to such Benchmark Replacement from Lenders comprising the Required Lenders
(and any such objection shall be conclusive and binding absent manifest error); provided that solely in the event that the then-current Benchmark at the time of such Benchmark Transition Event is not a SOFR-based rate, the Benchmark Replacement
therefor shall be determined in accordance with clause (1) of the definition of Benchmark Replacement unless the Agent determines that neither of such alternative rates is available.

(y)
 On the Early Opt-in Effective Date in respect of an Other Rate Early Opt-in, the Benchmark Replacement will replace LIBOR for all purposes hereunder and under any Loan Document in respect of any setting of such Benchmark on such day and all
subsequent settings without any amendment to, or further action or consent of any other party to this Agreement or any other Loan Document. 

(iii)
 At any time that the administrator of the then-current
Benchmark has permanently or indefinitely ceased to provide such Benchmark or such Benchmark has been
announced by the regulatory supervisor for the administrator of such Benchmark pursuant to public statement or publication of information to be no longer representative of the underlying market and economic reality that such Benchmark is intended to
measure and that representativeness will not be restored, the Lead Borrower may revoke any request for a borrowing of, conversion to or continuation of Loans to be made, converted or continued that would bear interest by reference to such Benchmark
until the Lead Borrower’s receipt of notice from the Agent that a Benchmark Replacement has replaced such Benchmark, and, failing that, the Lead Borrower will be deemed to have converted any such request into a request for a borrowing of or conversion to Base Rate Loans. During the period referenced
in the foregoing sentence, the component of Base Rate based upon the Benchmark will not be used in any determination of Base Rate. 

  
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(iv)
 In connection with the implementation and administration
of a Benchmark Replacement, the Agent will have the right to make Benchmark Replacement Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing such
Benchmark Replacement Conforming Changes will become effective without any further action or consent of any other party to this Agreement. 

(v)
 The Agent will promptly notify the Lead Borrower and the
Lenders of (A) the implementation of any Benchmark Replacement and (B) the effectiveness of any Benchmark Replacement Conforming Changes. Any determination, decision or election that may be made by the Agent pursuant to this
Section 3.03(c), including any determination with respect to a tenor, rate or adjustment or of the occurrence or non-occurrence of an event, circumstance or date and any decision to take or refrain from taking any action, will be conclusive and
binding absent manifest error and may be made in its sole discretion and without consent from any other party hereto, except, in each case, as expressly required pursuant to this Section 3.03(c).

(vi)
 At any time (including in connection with the
implementation of a Benchmark Replacement), (A) if the then-current Benchmark is a term rate (including
Term SOFR or LIBOR), then the Agent may remove any tenor of such Benchmark that is unavailable or non-representative for Benchmark (including Benchmark Replacement) settings and (B) the Agent may reinstate any such previously removed tenor for
Benchmark (including Benchmark Replacement) settings. 
 3.04 Increased Costs;
Reserves on LIBOR Rate Loans. 
 (a) Increased Costs Generally. If any Change in Law shall: 

(i) impose, modify or deem applicable any reserve, special deposit, compulsory loan, insurance charge or similar requirement
against assets of, deposits with or for the account of, or credit extended or participated in by, any Lender (except any reserve requirement reflected in the LIBOR Rate) or the L/C Issuer; 

(ii) subject any Recipient to any Taxes (other than (A) Indemnified Taxes, (B) Taxes described in clauses
(b) through (d) of the definition of Excluded Taxes and (C) Connection Income Taxes) on its loans, loan principal, letters of credit, commitments, or other obligations, or its deposits, reserves, other liabilities or capital
attributable thereto; or 
 (iii) impose on any Lender or the L/C Issuer or the London interbank market any other condition,
cost or expense (other than Taxes) affecting this Agreement or LIBOR Rate Loans made by such Lender or any Letter of Credit or participation therein; 
 and
the result of any of the foregoing shall be to increase the cost to such Lender of making, converting to, continuing or maintaining any LIBOR Rate Loan (or of maintaining its obligation to make any such Loan), or to increase the cost to such Lender
or the L/C Issuer of participating in, issuing or maintaining 

  
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 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 such Lender or the L/C Issuer hereunder , other than an increase related to Taxes, which are governed exclusively by Section 3.01 hereof (whether of principal, interest or any
other amount) then, upon request of such Lender or the L/C Issuer and delivery of the certificate contemplated by Section 3.04(c), the Loan Parties will pay to such Lender or the L/C Issuer, as the case may be, such additional amount or
amounts as will compensate such Lender or the L/C Issuer, as the case may be, for such additional costs incurred or reduction suffered. 

(b) Capital Requirements. If any Lender or the L/C Issuer determines that any Change in Law affecting such Lender or the L/C Issuer or
any Lending Office of such Lender or such Lender’s or the L/C Issuer’s holding company, if any, regarding capital requirements has or would have the effect of reducing the rate of return on such Lender’s or the L/C Issuer’s
capital or on the capital or liquidity of such Lender’s or the L/C Issuer’s holding company, if any, as a consequence of this Agreement, the Commitments of such Lender or the Loans made by, or participations in Letters of Credit or Swing
Line Loans held by, such Lender, or the Letters of Credit issued by the L/C Issuer, to a level below that which such Lender or the L/C Issuer or such Lender’s or the L/C Issuer’s holding company could have achieved but for such Change in
Law (taking into consideration such Lender’s or the L/C Issuer’s policies and the policies of such Lender’s or the L/C Issuer’s holding company with respect to capital adequacy), then upon delivery of the certificate contemplated
by Section 3.04(c), from time to time the Loan Parties will pay to such Lender or the L/C Issuer, as the case may be, such additional amount or amounts as will compensate such Lender or the L/C Issuer or such Lender’s or the L/C
Issuer’s holding company for any such reduction suffered. 
 (c) Certificates for Reimbursement. A certificate of a Lender or the
L/C Issuer setting forth the amount or amounts necessary to compensate such Lender or the L/C Issuer or its holding company, as the case may be, as specified in subsection (a) or (b) of this Section certifying that such Lender is seeking
corresponding compensation from other similarly situated borrowers and delivered to the Lead Borrower shall be conclusive absent manifest error. The Loan Parties shall pay such Lender or the L/C Issuer, as the case may be, the amount shown as due on
any such certificate within 10 days after receipt thereof. 
 (d) Delay in Requests. Failure or delay on the part of any Lender or the
L/C Issuer to demand compensation pursuant to the foregoing provisions of this Section shall not constitute a waiver of such Lender’s or the L/C Issuer’s right to demand such compensation, provided that the Loan Parties shall not be
required to compensate a Lender or the L/C Issuer pursuant to the foregoing provisions of this Section for any increased costs incurred or reductions suffered more than six months prior to the date that such Lender or the L/C Issuer, as the case may
be, notifies the Lead Borrower of the Change in Law giving rise to such increased costs or reductions and of such Lender’s or the L/C Issuer’s intention to claim compensation therefor (except that, if the Change in Law giving rise to such
increased costs or reductions is retroactive, then the six-month period referred to above shall be extended to include the period of retroactive effect thereof). 

3.05 Compensation for Losses. Upon demand of any Lender (with a copy to the Agent) from time to time, the Borrowers shall promptly
compensate such Lender for and hold such Lender harmless from any loss, cost or expense incurred by it as a result of: 
 (a)
any continuation, Conversion, payment or prepayment of any Loan other than a Base Rate Loan on a day other than the last day of the Interest Period for such Loan (whether voluntary, mandatory, automatic, by reason of acceleration, or otherwise);

  
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 (b) any failure by the Borrowers (for a reason other than the failure of
such Lender to make a Loan) to prepay, borrow, continue or Convert any Loan other than a Base Rate Loan on the date or in the amount notified by the Lead Borrower; or 

(c) any assignment of a LIBOR Rate Loan on a day other than the last day of the Interest Period therefor as a result of a
request by the Lead Borrower pursuant to Section 10.13; 
 including any actual loss (as opposed to incidental, consequential, indirect or
similar losses) of anticipated profits and any loss or reasonable expense arising from the liquidation or reemployment of funds obtained by it to maintain such Loan or from fees payable to terminate the deposits from which such funds were obtained.
The Borrowers shall also pay any customary and reasonable administrative fees charged by such Lender in connection with the foregoing. 

For purposes of calculating amounts payable by the Borrowers to the Lenders under this Section 3.05, each Lender shall be deemed
to have funded each LIBOR Rate Loan made by it at the LIBOR Rate for such Loan by a matching deposit or other borrowing in the London interbank market for a comparable amount and for a comparable period, whether or not such LIBOR Rate Loan was in
fact so funded. A certificate of any Lender setting forth any amount or amounts that such Lender is entitled to receive pursuant to this Section and setting forth in reasonable detail the manner in which such amount or amounts was determined shall
be delivered to the Lead Borrower. 
 3.06 Mitigation Obligations; Replacement of Lenders. 

(a) Designation of a Different Lending Office. If any Lender or the L/C Issuer requests compensation under Section 3.04, or
the Borrowers are required to pay any Indemnified Taxes or any additional amount to any Lender, the L/C Issuer, any Participant or any Governmental Authority for the account of any Lender the L/C Issuer or any such Participant pursuant to
Section 3.01, or if any Lender, the L/C Issuer or any such Participant gives a notice pursuant to Section 3.02, then such Lender, the L/C Issuer or any such Participant 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 good faith judgment of such Lender, the L/C Issuer or Participant such
designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section 3.01 or 3.04, as the case may be, in the future, or eliminate the need for the notice pursuant to Section 3.02, as applicable,
and (ii) in each case, would not subject such Lender, L/C Issuer or Participant to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender, L/C Issuer or Participant. The Borrowers hereby agree to pay all
reasonable costs and expenses incurred by any Lender, L/C Issuer or Participant in connection with any such designation or assignment. 
 (b)
Replacement of Lenders. If any Lender requests compensation under Section 3.04, or if the Borrowers are required to pay any Indemnified Taxes or any additional amount to any Lender or any Governmental Authority for the account of
any Lender pursuant to Section 3.01 and, in each case, such Lender has declined or is unable to designate a different Lending Office in accordance with Section 3.06(a), the Borrowers may replace such Lender in accordance with
Section 10.13. 
 3.07 Survival. All of the Borrowers’ obligations under this Article III shall survive
termination of the Aggregate Commitments, repayment of all other Obligations hereunder, and resignation of the Agent. 

  
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 3.08 Designation of Lead Borrower as Borrowers’ Agent; Joint and Several Liability. 

(a) Each Borrower hereby irrevocably designates and appoints the Lead Borrower as such Borrower’s agent to obtain Credit Extensions, the
proceeds of which shall be available to each Borrower for such uses as are permitted under this Agreement. As the disclosed principal for its agent, each Borrower shall be obligated to each Credit Party on account of Credit Extensions so made as if
made directly by the applicable Credit Party to such Borrower, notwithstanding the manner by which such Credit Extensions are recorded on the books and records of the Lead Borrower and of any other Borrower. In addition, each Loan Party other than
the Borrowers hereby irrevocably designates and appoints the Lead Borrower as such Loan Party’s agent to represent such Loan Party in all respects under this Agreement and the other Loan Documents. 

(b) Each Borrower recognizes that credit available to it hereunder is in excess of and on better terms than it otherwise could obtain on and
for its own account and that one of the reasons therefor is its joining in the credit facility contemplated herein with all other Borrowers. Consequently, each Borrower
hereby assumes, guarantees and agrees to
dischargeshall have joint and several liability in respect of all Obligations, without regard to any
defense (other than the defense of payment), setoff or counterclaim which may at any time be available to or be asserted by any other Loan Party against the Credit Parties, or by any other circumstance whatsoever (with or without notice to or
knowledge of the Borrowers) which constitutes, or might be construed to constitute, an equitable or legal discharge of the Borrowers’ liability hereunder, in bankruptcy or in any other instance, and such Obligations of the Borrowers shall not
be conditioned or contingent upon the pursuit by the Lenders or any other Person at any time of any right or remedy against any Borrower or against any other Person which may be or become liable in respect of all or any part of the
Obligations of
eachor against any Collateral or Guaranty therefor or right of offset with respect thereto. Each
Borrower hereby acknowledge that this Agreement is the independent and several obligation of each Borrower (regardless of which Borrower shall have delivered a Request for Credit Extension) and may be enforced against each Borrower separately,
whether or not enforcement of any right or remedy hereunder has been sought against any other Borrower. Each Borrower hereby expressly waives, with respect to any of the Credit Extensions made to any other BorrowersBorrower
hereunder and any of the amounts owing hereunder by such other Loan Parties in respect of such Credit Extensions, diligence, presentment, demand of payment, protest and all notices whatsoever, and any requirement that the Agent, the L/C Issuer or
any Lender exhaust any right, power or remedy or proceed against such other Loan Parties under this Agreement or any other agreement or instrument referred to herein or against any other Person under any other guarantee of, or security for, any of
such amounts owing hereunder. 
 (c) The Lead Borrower shall act as a conduit for
each Borrower (including itself, as a “Borrower”) on whose behalf the Lead Borrower has requested a Credit Extension. Neither the Agent nor any other Credit Party shall have any obligation to see to the application of such proceeds
therefrom. 
 ARTICLE IV 

CONDITIONS PRECEDENT TO CREDIT EXTENSIONS 

4.01 Conditions of Effective DateEffectiveness of this Agreement. The effectiveness of this Agreement on the Effective Date iswas subject to satisfaction of the following conditions precedent: 
 (a) The
Agent’s receipt of the following, each of which shall be originals, telecopies or other electronic image scan transmission (e.g., “pdf” or “tif” via e-mail) (followed promptly by originals) unless otherwise specified, each
dated the Effective Date (or, in the case of certificates of governmental officials, a recent date before the Effective Date) and each in form and substance reasonably satisfactory to the Agent: 

  
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 (i) counterparts of this Agreement each properly executed by a Responsible
Officer of the signing Loan Party and the Lenders sufficient in number for distribution to the Agent, each Lender and the Lead Borrower; 

(ii) a Note (which may, with respect to Lenders party to the Existing Credit Agreement, take the form of an amended and
restated Note), executed by the Borrowers in favor of each Lender requesting a Note (to the extent any such Note or Notes were requested on or before the Effective Date); 

(iii) such certificates of resolutions or other action, incumbency certificates and/or other certificates of Responsible
Officers of each Loan Party as the Agent may reasonably require evidencing (A) the authority of each Loan Party to enter into this Agreement and the other Loan Documents to which such Loan Party is a party or is to become a party and
(B) the identity, authority and capacity of each Responsible Officer thereof authorized to act as a Responsible Officer in connection with this Agreement and the other Loan Documents to which such Loan Party is a party or is to become a party;

 (iv) copies of each Loan Party’s Organization Documents and such other documents and certifications as the Agent may
reasonably require to evidence that each Loan Party is duly organized or formed, and that each Loan Party is validly existing, in good standing, and qualified to engage in business in the jurisdiction of its formation, except to the extent that
failure to so qualify in such jurisdiction could not reasonably be expected to have a Material Adverse Effect; 
 (v) a
favorable opinion of Kirkland & Ellis LLP, counsel to the Loan Parties, addressed to the Agent and each Lender, as to such matters concerning the Loan Parties and the Loan Documents as the Agent may reasonably request (which shall include,
among other things, authority, legality, validity, binding effect and enforceability of the Loan Documents, non-contravention and creation and perfection of the Liens on the Collateral in favor of the Agent); 

(vi) a certificate of a Responsible Officer of the Lead Borrower certifying (A) that the conditions specified in Sections
4.01 and 4.02 have been satisfied, (B) that since January 28, 2017, there has not occurred a Material Adverse Effect, and (C) as to the Solvency of the Loan Parties; 

(vii) to the extent not previously delivered in connection with the Existing Credit Agreement, (A) the Security Documents,
each duly executed by the applicable Loan Parties, and (B) evidence that certificates evidencing any stock or instruments being pledged under the Security Documents, together with undated stock powers or other documents of transfer executed in
blank, have been delivered to the Agent; 
 (viii) all other Loan Documents, each duly executed by the applicable Loan
Parties; 

  
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 (ix) results of searches or other evidence reasonably satisfactory to the
Agent (in each case dated as of a date reasonably satisfactory to the Agent) indicating the absence of Liens on the assets of the Loan Parties, except for Permitted Encumbrances and Liens for which termination statements and releases, reasonably
satisfactory to the Agent are being tendered concurrently with such extension of credit or other arrangements reasonably satisfactory to the Agent for the delivery of such termination statements, releases, satisfactions and discharges have been
made; and 
 (x) to the extent not previously filed, registered or recorded in connection with the Existing Credit Agreement,
all Uniform Commercial Code financing statements and short-form grants of security interest in Intellectual Property, required by Law or reasonably requested by the Agent to be filed, registered or recorded to create or perfect the Liens intended to
be created under the Loan Documents having the priority intended thereby and all such documents and instruments shall have been so filed, registered or recorded (or arrangements for the same made) to the reasonable satisfaction of the Agent. 

(b) On the Effective Date, Availability shall be not less than $40,000,000 

(c) The Agent shall have received a Borrowing Base Certificate dated the Effective Date, relating to the month ended on
September 30, 2017, and executed by a Responsible Officer of the Lead Borrower. 
 (d) Since January 28, 2017,
there shall not have occurred a “Material Adverse Effect”. 
 (e) All fees required to be paid to the Agent or MLPFS on or before the Effective Date shall have been paid in full, and all fees required to be paid to the
Lenders on or before the Effective Date shall have been paid in full. 
 (f) The Borrowers shall have paid all
reasonable, documented and accrued fees, charges and disbursements of counsel to the Agent to the extent owing and invoiced at least one Business Day prior to the Effective Date. 

(g) The Agent and the Lenders shall have received all documentation and other information required by regulatory authorities
under applicable “know your customer” rules and regulations, including without limitation the Patriot Act, in each case, to the extent requested at least three (3) Business Days prior to the Effective Date (or such shorter period as
the Agent may agree in writing). 
 Without limiting the generality of the provisions of Section 9.04, for purposes of determining compliance
with the conditions specified in this Section 4.01, each Lender that has signed this Agreement shall be deemed to have Consented to, approved or accepted or to be satisfied with, each document or other matter required thereunder to be
Consented to or approved by or acceptable or satisfactory to a Lender unless the Agent shall have received notice from such Lender prior to the proposed Effective Date specifying its objection thereto. 

4.02 Conditions to all Credit Extensions. The obligation of each Lender to honor any Request for Credit Extension (other than a
Revolving Loan Notice requesting only a Conversion of Revolving Loans to the other Type, or a continuation of LIBOR Rate Loans) and of each L/C Issuer to issue each Letter of Credit is subject to the following conditions precedent: 

  
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 (a) The representations and warranties of each Loan Party contained in
Article V or in any other Loan Document, or which are contained in any document furnished at any time under or in connection herewith or therewith, shall be true and correct in all material respects on and as of the date of such Credit
Extension, except (i) to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct as of such earlier date, (ii) in the case of any representation and warranty
qualified by materiality, in which case they shall be true and correct in all respects, and (iii) for purposes of this Section 4.02, the representations and warranties contained in subsections (a) and (b) of
Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant to clauses (a) and (b), respectively, of Section 6.01. 

(b) No Default or Event of Default shall exist, or would result from such proposed Credit Extension or from the application of
the proceeds thereof. 
 (c) The Agent and, if applicable, the L/C Issuer or the Swing Line Lender shall have received a
Request for Credit Extension in accordance with the requirements hereof. 
 (d) After giving effect to the Credit Extension
requested to be made on any such date and the use of proceeds thereof, Availability shall be greater than zero. 
 Each Request for Credit Extension (other
than a Revolving Loan Notice requesting only a Conversion of Revolving Loans to the other Type or a continuation of LIBOR Rate Loans) submitted by the Lead Borrower shall be deemed to be a representation and warranty by the Borrowers that the
conditions specified in this Section 4.02 have been satisfied on and as of the date of the applicable Credit Extension. The conditions set forth in this Section 4.02 are for the sole benefit of the Credit Parties but until
(i) at any time that there are only two (2) Lenders and a Specified Event of Default exists, any Lender (so long as such Lender is a Lender as of the Effective Date and maintains a Commitment not less than the Commitment of such Lender as
of the Effective Date), or (ii) in all other circumstances, the Required Lenders, otherwise direct the Agent to cease making Loans and issuing Letters of Credit, the Lenders will fund their Applicable Percentage of all Loans and L/C Advances
and participate in all Swing Line Loans and Letters of Credit whenever made or issued, which are requested by the Lead Borrower and which are agreed to by the Agent, notwithstanding the failure of the Loan Parties to comply with the provisions of
this Article IV, provided, however, the making of any such Loans or the issuance of any Letters of Credit shall not be deemed a modification or waiver by any Credit Party of the provisions of this Article IV on any future
occasion or a waiver of any rights or the Credit Parties as a result of any such failure to comply. 
 ARTICLE V 

REPRESENTATIONS AND WARRANTIES 

To induce the Credit Parties to enter into this Agreement and to make Loans and to issue Letters of Credit hereunder, each Loan Party
represents and warrants to the Agent and the other Credit Parties that: 
 5.01 Existence, Qualification and Power. Each Loan Party
and each Restricted Subsidiary thereof (a) is duly incorporated, organized or formed, validly existing and, where applicable, in good standing under the Laws of the jurisdiction of its incorporation, organization or formation, (b) has
(i) all requisite corporate or organizational power and authority and (ii) all requisite governmental licenses, permits, authorizations, consents and approvals to (in the case of clauses (i) and (ii)) (A) own or lease its assets
and carry on its business and (B) execute, deliver and perform its obligations under the Loan 

  
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 Documents to which it is a party, and (c) is duly qualified and is licensed and, where applicable, in
good standing under the Laws of each jurisdiction where its ownership, lease or operation of properties or the conduct of its business requires such qualification or license; except in each case referred to in clauses (b)(ii) or (c), to the extent
that failure to do so could not reasonably be expected to have a Material Adverse Effect. Schedule 5.01 annexed hereto sets forth, as of
the Third Amendment Effective Date, each Loan Party’s name as
it appears in official filings in its state of incorporation or organization, its state of incorporation or organization, organization type, organization number, if any, issued by its state of incorporation or organization, and its federal employer
identification number, if any. 
 5.02 Authorization; No Contravention. The execution, delivery and performance by each Loan
Party of each Loan Document to which such Person is or is to be a party, has been duly authorized by all necessary corporate or other organizational action, and does not and will not (a) contravene the terms of any of such Person’s
Organization Documents; (b) conflict with or result in any breach, termination, or contravention of, or constitute a default under (i) any Material Contract in excess of $25,000,000 or any Material Indebtedness to which such Person is a
party or affecting such Person or the properties of such Person or any of its Restricted Subsidiaries, or (ii) any order, injunction, writ or decree of any Governmental Authority or any arbitral award to which such Person or its property is
subject, except, in each case referred to in this clause (b), to the extent that any such conflict, breach, termination, contravention, default or payment could not reasonably be expected to have a Material Adverse Effect; (c) result in or require
the creation of any Lien upon any asset of any Loan Party (other than Liens in favor of the Agent under the Security Documents); or (d) violate any Law, except to the extent that any such violation could not reasonably be expected to have a
Material Adverse Effect. 
 5.03 Governmental Authorization; Other Consents. No approval, consent, exemption, authorization, or other
action by, or notice to, or filing with, any Governmental Authority or any other Person is necessary or required in connection with the execution, delivery or performance by, or enforcement against, any Loan Party of this Agreement or any other Loan
Document to which such Loan Party is a party, except for (a) the perfection or maintenance of the Liens created under the Security Documents (including the priority of such Liens contemplated thereby), (b) such as have been obtained or
made and are in full force and effect or (c) those the failure of which to obtain or make could not reasonably be expected to have a Material Adverse Effect. 

5.04 Binding Effect. This Agreement has been, and each other Loan Document, when delivered, will have been, duly executed and delivered
by each Loan Party that is party thereto. This Agreement constitutes, and each other Loan Document when so delivered will constitute, a legal, valid and binding obligation of such Loan Party, enforceable against each Loan Party that is party thereto
in accordance with its terms, 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. 
 5.05 Financial Statements; No Material Adverse Effect. 

(a) The financial statements described in Section 6.01(a) and delivered (i) were prepared in accordance with GAAP consistently
applied throughout the period covered thereby, except as otherwise expressly noted therein; and (ii) fairly present in all material respects the financial condition of the Lead Borrower and its Subsidiaries as of the date thereof and their
results of operations for the period covered thereby in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein. 

  
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 (b) The financial statements described in Section 6.01(b) and delivered
(i) were prepared in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein, and (ii) fairly present in all material respects the financial condition of the Lead
Borrower and its Subsidiaries as of the date thereof and their results of operations for the period covered thereby, subject, in the case of clauses (i) and (ii), to the absence of footnotes and to normal year-end audit adjustments and purchase
accounting adjustments. 
 (c) Since January 28, 2017, there has been no event or circumstance, either individually or in the aggregate,
that has had or could reasonably be expected to have a Material Adverse Effect. 
 (d) The Consolidated forecasted balance sheet and
statements of income and cash flows of the Lead Borrower and its Subsidiaries heretofore or hereafter delivered pursuant to Section 6.01(d) were prepared in good faith on the basis of assumptions believed to be reasonable at the time of
preparation, provided, that such statements would be subject to normal quarterly and year-end adjustments and the absence of footnotes (it being understood that such forecasted financial information are not to be viewed as facts, is subject
to significant uncertainties and contingencies, many of which are beyond the control of the Loan Parties, that no assurance is given that any particular forecasts will be realized, that actual results may differ and that such differences may be
material). 
 5.06 Litigation. Except as specifically disclosed in Schedule 5.06, there are no actions, suits, proceedings,
claims or disputes pending or, to the knowledge of the Loan Parties, overtly threatened, at law, in equity, in arbitration or before any Governmental Authority, by or against any Loan Party or any of its Restricted Subsidiaries or against any of its
properties or revenues that either individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect. 

5.07 Ownership of Property; Liens; Licensed Departments. 

(a) Each of the Loan Parties and each Restricted Subsidiary thereof has good record and marketable title in fee simple to or valid leasehold
interests in, all Real Estate necessary or used in the ordinary conduct of its business except for (i) such defects in title or failure to have such title or other interest as could not, individually or in the aggregate, reasonably be expected
to have a Material Adverse Effect or (ii) as permitted by Section 7.01. 
 (b) Schedule 5.07(b)(1) sets forth the address
(including street address, county and state) of all Real Estate (excluding Leases) that is owned by the Loan Parties and each of their Restricted Subsidiaries as of
the Third Amendment Effective Date, together with a list of the
holders of any mortgage or other Lien thereon as of the Third Amendment Effective Date. Schedule 5.07(b)(2) sets forth the address (including street address and state) of all Leases of the Loan Parties, together with the name and address of each lessor with respect to each
such Lease as of the Third Amendment Effective Date. Each
of such Leases is in full force and effect and the Loan Parties are not in default in any material respect of the terms thereof. 

(c) As of the
Third Amendment Effective Date, no Loan Party or any of its Restricted Subsidiaries is party to any license for the conduct of licensed departments within the Loan Parties’ Stores.

  
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 5.08 Environmental Compliance. 

(a) No Loan Party or any Restricted Subsidiary thereof (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 written notice of any claim with respect to any Environmental Liability or
(iv) knows of any reasonable basis for any Environmental Liability, except, in each case, as could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 

(b) Except as could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect, to the knowledge of the
Loan Parties: (i) none of the properties currently or formerly owned or operated by any Loan Party or any Restricted Subsidiary thereof is listed or proposed for listing on the NPL or on the CERCLIS or any analogous foreign, state or local list
or is adjacent to any such property; (ii) there are no and never have been any underground or above-ground storage tanks or any surface impoundments, septic tanks, pits, sumps or lagoons in which Hazardous Materials are being or have been
treated, stored or disposed by any Loan Party or any Restricted Subsidiary thereof on any property currently owned or operated by any Loan Party or any Restricted Subsidiary thereof or, to the best of the knowledge of the Loan Parties, on any
property formerly owned or operated by any Loan Party or Restricted Subsidiary thereof; (iii) there is no asbestos or asbestos-containing material on any property currently owned or operated by any Loan Party or Restricted Subsidiary thereof;
and (iv) Hazardous Materials have not been released, discharged or disposed of by any Loan Party or any Restricted Subsidiary thereof on any property currently or formerly owned or operated by any Loan Party or any Restricted Subsidiary
thereof. 
 (c) Except as could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect, no Loan
Party or any Restricted Subsidiary thereof is undertaking, and no Loan Party or any Restricted Subsidiary thereof has completed, either individually or together with other potentially responsible parties, any investigation or assessment or remedial
or response action relating to any actual or threatened release, discharge or disposal of Hazardous Materials at any site, location or operation, either voluntarily or pursuant to the order of any Governmental Authority or the requirements of any
Environmental Law; and all Hazardous Materials generated, used, treated, handled or stored at, or transported by any Loan Party or any of its Restricted Subsidiaries to or from, any property currently or formerly owned or operated by any Loan Party
or any Restricted Subsidiary thereof have been disposed of in a manner not reasonably expected to result in a Material Adverse Effect. 

5.09 Insurance. The properties of the Loan Parties and their Restricted Subsidiaries are insured with financially sound and reputable
insurance companies which are not Affiliates of the Loan Parties, in accordance with the requirements of Section 6.07 hereof. 

5.10 Taxes. Except as would not either individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect,
the Loan Parties and their Restricted Subsidiaries have filed all Federal, state and other material tax returns and reports required to be filed, and have paid all material Federal, state and other material taxes, assessments, fees and other
governmental charges levied or imposed upon them or their properties, income or assets otherwise due and payable, except those which are being contested in good faith by appropriate proceedings being diligently conducted, for which adequate reserves
have been provided in accordance with GAAP. There is no proposed tax assessment against any Loan Party or any Restricted Subsidiary except (i) those being actively contested by a Loan Party or such Restricted Subsidiary in good faith and by
appropriate actions diligently taken and for which adequate reserves have been provided in accordance with GAAP or (ii) those which would not reasonably be expected to, individually or in the aggregate, have a Material Adverse Effect. 

  
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 5.11 ERISA Compliance. 

(a) Except as could not reasonably be expected to result in a Material Adverse Effect,: (i) each Plan and Multiemployer Plan is in compliance in all material respects with the applicable provisions of ERISA, the Code and other Federal or state laws, and (ii) each Pension Plan that is intended to be a qualified plan
under Section 401(a) of the Code has received a favorable determination, opinion or advisory letter from the Internal Revenue Service to the effect that the form of such Plan is qualified under Section 401(a) of the Code and the trust
related thereto has been determined by the Internal Revenue Service to be exempt from federal income tax under Section 501(a) of the Code, or an application for such a letter is currently being processed by the Internal Revenue Service. To the
knowledge of the Lead Borrower, nothing has occurred that would prevent or cause the loss of such tax-qualified status. 
 (b) There
are no pending or, to the best knowledge of the Lead Borrower, threatened claims, actions or lawsuits, or action by any Governmental Authority, with respect to any Plan or Multiemployer Plan that could reasonably be expected to have a Material
Adverse Effect. There has been no prohibited transaction or violation of the fiduciary responsibility rules with respect to any Plan or, to the best knowledge of the Lead Borrower, Multiemployer Plan that has resulted or could reasonably be expected
to result in a Material Adverse Effect. 
 (c) Except as could not reasonably be expected to result in a Material Adverse Effect,: (i) no ERISA Event has occurred, and neither the Lead Borrower nor any ERISA Affiliate is aware of any fact, event or circumstance that could reasonably be expected to constitute or result in an ERISA Event
with respect to any Pension Plan; (ii) the Lead Borrower and each ERISA Affiliate has met all applicable requirements under the Pension Funding Rules in respect of each Pension Plan, and no waiver of the minimum funding standards under the
Pension Funding Rules has been applied for or obtained; (iii) except as otherwise disclosed in Part (c) of Schedule 5.11, as of the most recent valuation date for any Pension Plan, the funding target attainment percentage (as
defined in Section 430(d)(2) of the Code) is 80% or higher and neither the Lead Borrower nor any ERISA Affiliate knows of any facts or circumstances that could reasonably be expected to cause the funding target attainment percentage for any
such plan to drop below 80% as of the most recent valuation date; (iv) neither the Lead Borrower nor any ERISA Affiliate has incurred any liability to the PBGC other than for the payment of premiums, and there are no premium payments which have
become due that are unpaid; (v) neither the Lead Borrower nor any ERISA Affiliate has engaged in a transaction that could be subject to Section 4069 or Section 4212(c) of ERISA; and (vi) no Pension Plan has been terminated by the
plan administrator thereof nor by the PBGC, and no event or circumstance has occurred or exists that could reasonably be expected to cause the PBGC to institute proceedings under Title IV of ERISA to terminate any Pension Plan. 

5.12 Subsidiaries; Equity Interests. 

As of the
Third Amendment Effective Date, the Loan Parties have no Subsidiaries other than those specifically disclosed in Part (a) of Schedule 5.12, which Schedule sets forth, in each case, as
of the
Third Amendment Effective Date, the legal name,
jurisdiction of incorporation or formation and authorized Equity Interests of each such Subsidiary. As of the Third Amendment Effective Date, the Loan Parties have no equity investments in any other corporation or entity other than those
specifically disclosed in Part (b) of Schedule 5.12. As of the Third Amendment Effective Date, all of the outstanding Equity Interests
in the Loan Parties have been validly issued, and are fully paid and (if applicable) 

  
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 non-assessable and are owned in the amounts specified on Part (c) of Schedule 5.12 free and
clear of all Liens except for those created under the Security Documents and any non-consensual Lien that is permitted under Section 7.01. Part (d) of Schedule 5.12 identifies, as of the Third Amendment Effective Date, the designation of each Subsidiary as a
Restricted Subsidiary, an Unrestricted Subsidiary and/or an Immaterial Subsidiary. 
 5.13 Margin Regulations; Investment Company
Act. 
 (a) No Loan Party is engaged or will be engaged, principally or as one of its important activities, in the business of purchasing
or carrying margin stock (within the meaning of Regulation U issued by the FRB), or extending credit for the purpose of purchasing or carrying margin stock. None of the proceeds of the Credit Extensions shall be used directly or indirectly for the
purpose of purchasing or carrying any margin stock. 
 (b) None of the Loan Parties is an “investment company” under the Investment
Company Act of 1940. 
 5.14 Disclosure. No report, financial statement, certificate or other information furnished (in writing) by or
on behalf of any Loan Party to the Agent or any Lender in connection with the transactions contemplated hereby and the negotiation of this Agreement or delivered hereunder or under any other Loan Document (in each case, as modified or supplemented
by other information so furnished) 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 materially misleading as of
the date such information was provided to the Agent and the Lenders; provided that, with respect to projected financial information, the Loan Parties represent only that such information was prepared in good faith based upon assumptions
believed to be reasonable at the time (it being understood that such projected financial information is subject to significant uncertainties and contingencies, many of which are beyond the control of the Borrowers, that no assurance is given that
any particular projections will be realized, that actual results may differ and that such differences may be material).
As of the Third Amendment Effective Date, the information included in the Beneficial Ownership Certification, if applicable, is true and correct in all material respects. 

5.15 Compliance with Laws. Each of the Loan Parties and each Restricted Subsidiary is in compliance in all material respects with the
requirements of all Laws and all orders, writs, injunctions and decrees applicable to it or to its properties, except in such instances in which (a) such requirement of Law or order, writ, injunction or decree is being contested in good faith
by appropriate proceedings diligently conducted or (b) the failure to comply therewith, either individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect. 

5.16 Intellectual Property; Licenses, Etc. The Loan Parties and their Restricted Subsidiaries own, or possess the right to use through
one or more licenses, all of the Intellectual Property, licenses, permits and other authorizations that are reasonably necessary for the operation of their respective businesses as currently conducted, and, to the best knowledge of the Loan Parties,
without conflict with the rights of any other Person other than conflicts, which, either individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect. To the best knowledge of the Lead Borrower, no slogan or
other advertising device, product, process, method, substance, part or other material now employed, or now contemplated to be employed, by any Loan Party or any Restricted Subsidiary infringes upon any rights held by any other Person which, either
individually or in the aggregate, could reasonably be expected to result in a Material Adverse Effect. No claim or litigation against any Loan Party alleging any such infringement regarding any of the foregoing is pending or, to the best knowledge
of the Lead Borrower, threatened, which, either individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect. 

  
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 5.17 Labor Matters. 

There are no strikes, lockouts, slowdowns or other material labor disputes against any Loan Party or any Restricted Subsidiary thereof pending
or, to the knowledge of any Loan Party, threatened in writing that could reasonably be expected to have a Material Adverse Effect. The hours worked by and payments made to employees of the Loan Parties comply in all material respects with the Fair
Labor Standards Act and any other applicable federal, state, local or foreign Law dealing with such matters, except to the extent that any such violation could not reasonably be expected to have a Material Adverse Effect. No Loan Party or any of its
Restricted Subsidiaries has incurred any liability or obligation under the Worker Adjustment and Retraining Act or similar state Law that could reasonably be expected to have a Material Adverse Effect. All payments due from any Loan Party and its
Restricted Subsidiaries, or for which any valid claim may be made against any Loan Party or any of its Restricted Subsidiaries, on account of wages and employee health and welfare insurance and other benefits, have been paid or properly accrued in
accordance with GAAP as a liability on the books of such Loan Party. Except as set forth on Schedule 5.17, as of
the
Third Amendment Effective Date, no Loan Party or any
Restricted Subsidiary is a party to or bound by any collective bargaining agreement, management agreement, employment agreement (solely with respect to employees holding a senior executive level position or above), bonus, restricted stock, stock
option, or stock appreciation plan or agreement or any similar plan, agreement or arrangement. As of the Third
Amendment Effective Date, there are no representation proceedings pending or, to any Loan Party’s knowledge, threatened to be filed with the National Labor Relations Board or any other
Governmental Authority, and no labor organization or group of employees of any Loan Party or any Restricted Subsidiary has made a pending demand for recognition. As of
the
Third Amendment Effective Date, there are no
complaints, unfair labor practice charges, grievances, arbitrations, unfair employment practices charges or any other claims or complaints against any Loan Party or any Restricted Subsidiary pending or, to the knowledge of any Loan Party, threatened
in writing to be filed with any Governmental Authority or arbitrator based on, arising out of, in connection with, or otherwise relating to the employment or termination of employment of any employee of any Loan Party or any of its Restricted
Subsidiaries except, for such complaints, unfair labor practice charges, grievances, arbitrations, unfair employment practices charges or any other claims or complaints as could not reasonably be expected to have a Material Adverse Effect. The
consummation of the transactions contemplated by the Loan Documents 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 any Loan Party or any of its
Restricted Subsidiaries is bound. 
 5.18 Security Documents. 

The Security Agreement, together with such filings and other actions required to be taken hereby or by the applicable Security Documents
(including the delivery to the Agent of any Pledged Collateral (as defined in the Security Agreement) required to be delivered pursuant hereto or the applicable Security Documents) creates in favor of the Agent, for the benefit of the Credit
Parties, a legal, valid, continuing and enforceable security interest in the Collateral (as defined in the Security Agreement), the enforceability of which is 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. 

  
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 Notwithstanding anything herein (including this Section 5.18) or in any other Loan
Document to the contrary, no Loan Party makes any representation or warranty as to (A) the priority, perfection or the enforceability of any pledge of or security interest in any Equity Interests of any Foreign Subsidiary, or as to the rights
and remedies of any Credit Party with respect thereto, under foreign Law, (B) the pledge or creation of any security interest, or the effects of perfection or non-perfection, the priority or the enforceability of any pledge of or security
interest to the extent such pledge, security interest, perfection or priority is not required pursuant hereto or the applicable Security Documents. 

5.19 Solvency. 
 On the
Third Amendment Effective Date after giving effect to
the transactions contemplated by this Agreement, the Loan Parties, on a Consolidated basis, are Solvent. 
 5.20 Deposit Accounts;
Credit Card Arrangements. 
 (a) Annexed hereto as Schedule 5.20(a) is a list of all DDAs maintained by the Loan Parties as of the
Third Amendment Effective Date (other than local level
store DDAs), which Schedule includes, with respect to each DDA (i) the name and address of the depository; (ii) the account number(s) maintained with such depository; (iii) a contact person at such depository, and (iv) the
identification of each Blocked Account Bank. 
 (b) Annexed hereto as Schedule 5.20(b) is a list describing all arrangements as
of the
Third Amendment Effective Date to which any Loan Party
is a party with respect to the processing and/or payment to such Loan Party of the proceeds of any credit card charges and debit card charges for sales made by such Loan Party. 

5.21 Sanctions Concerns and Anti-Corruption Laws. 

(a) No Loan Party, nor any Subsidiary, nor, to the knowledge of the Loan Parties, any director, officer, employee, agent,
controlled affiliate or representative thereof, is an individual or entity that is, or is owned or controlled by any individual or entity that is (i) currently the subject or target of any Sanctions, (ii) included on OFAC’s List of
Specially Designated Nationals, HMT’s Consolidated List of Financial Sanctions Targets and the Investment Ban List, or any similar restricted parties list enforced by any other sanctions authority with applicable jurisdiction or
(iii) located, organized or resident in a Designated Jurisdiction. 
 (b) The Loan Parties and their Subsidiaries have
conducted their business in compliance with the United States Foreign Corrupt Practices Act of 1977, the UK Bribery Act 2010 and other applicable anti-corruption legislation, and to the knowledge of each Borrower, the Loan Parties and their
Subsidiaries are in compliance with applicable anti-corruption laws and applicable Sanctions in all material respects. 
 5.22 EEA Financial Institutions. 

No Loan Party
is an EEA Financial Institution. 

  
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 ARTICLE VI 

AFFIRMATIVE COVENANTS 
 So
long as any Lender shall have any Commitment hereunder, any Loan or other Obligation hereunder shall remain unpaid or unsatisfied (other than the Other Liabilities and contingent indemnification claims for which a claim has not been asserted), or
any Letter of Credit shall remain outstanding (except to the extent fully Cash Collateralized or supported by another letter of credit in a manner reasonably satisfactory to the L/C Issuer and the Agent), the Loan Parties shall, and shall (except in
the case of the covenants set forth in Sections 6.01, 6.02, and 6.03) cause each Restricted Subsidiary to: 
 6.01
Financial Statements. Deliver to the Agent, in form and detail reasonably satisfactory to the Agent: 
 (a) as soon as
available, but in any event within one hundred twenty (120) days after the end of each Fiscal Year of the Lead Borrower , a Consolidated balance sheet of the Lead Borrower and its Restricted Subsidiaries as at the end of such Fiscal Year, and
the related Consolidated statements of income or operations, Shareholders’ Equity and cash flows for such Fiscal Year, setting forth in each case, in comparative form the figures for the previous Fiscal Year, all in reasonable detail and
prepared in accordance with GAAP, audited and accompanied by a report and unqualified opinion of a Registered Public Accounting Firm of nationally recognized standing reasonably acceptable to the Agent, which report and opinion shall be prepared in
accordance with generally accepted auditing standards and shall not be subject to any “going concern” or like qualification or exception or any qualification or exception as to the scope of such audit or be subject to any explanatory
statement (other than an “emphasis of matter” paragraph ) as to the Lead Borrower’s ability to continue as a “going concern” or like qualification (other than with respect to (i) the impending maturity of any Material
Indebtedness or (ii) any actual or prospective breach of any financial maintenance covenant); 
 (b) as soon as
available, but in any event within forty-five (45) days (or, with respect to the Fiscal Quarter ending May 4, 2019, within sixty (60) days) after the end of each of the Fiscal Quarters of each Fiscal Year of the Lead Borrower, a
Consolidated balance sheet of Lead Borrower and its Restricted Subsidiaries as at the end of such Fiscal Quarter, and the related Consolidated statements of income or operations, and cash flows for such Fiscal Quarter and for the portion of the Lead
Borrower’s Fiscal Year then ended, setting forth in each case in comparative form the figures for (A) such period set forth in the projections delivered pursuant to Section 6.01(d) hereof, (B) the corresponding Fiscal
Quarter of the previous Fiscal Year and (C) the corresponding portion of the previous Fiscal Year, all in reasonable detail, certified by a Responsible Officer of the Lead Borrower as fairly presenting the financial condition, results of
operations, and cash flows of the Lead Borrower and its Restricted Subsidiaries as of the end of such Fiscal Quarter in accordance with GAAP, subject only to normal year-end audit adjustments, purchase accounting adjustments and the absence of
footnotes; 
 (c) as soon as available, but in any event within thirty (30) days after the end of each of the first two
(2) Fiscal Months of each Fiscal Quarter of the Lead Borrower, a Consolidated balance sheet of the Lead Borrower and its Restricted Subsidiaries as at the end of such Fiscal Month, and the related Consolidated statements of income or
operations, and cash flows for such Fiscal Month, and for the portion of the Lead Borrower’s Fiscal Year then ended, setting in each case in comparative form the figures for (A) such period set forth in the projections delivered pursuant
to Section 6.01(d) hereof, (B) the corresponding Fiscal Month of the previous Fiscal Year and (C) the corresponding portion of the previous fiscal year, all in reasonable detail, certified by a Responsible Officer of the Lead
Borrower as fairly presenting the financial condition, results of operations, and cash flows of Lead Borrower and its Restricted Subsidiaries as of the end of such Fiscal Month in accordance with GAAP, subject only to normal year-end audit
adjustments, purchase accounting adjustments and the absence of footnotes; 

  
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 (d) as soon as available, but in any event no more than sixty (60) days
after the end of each Fiscal Year of Holdings, forecasts prepared by management of the Lead Borrower, in form reasonably satisfactory to the Agent, of (i) Availability, and (ii) of the Consolidated balance sheets and statements of income
or operations and cash flows of Holdings and its Restricted Subsidiaries, each of the foregoing on a monthly basis for the immediately following Fiscal Year, which forecasts, in each case, shall be prepared in good faith on the basis of assumptions
believed to be reasonable at the time of preparation of such forecasts (it being understood that any such forecasts are not to be viewed as facts, are subject to significant uncertainties and contingencies, many of which are beyond the control of
the Loan and that no assurance can be given that any particular forecasts will be realized, that actual results may differ and that such differences may be material). 

(e) Notwithstanding the foregoing, the obligations referred to in Sections 6.01(a) through 6.01(c) may be satisfied with
respect to financial information of the Lead Borrower and its Restricted Subsidiaries by furnishing (A) the applicable financial statements of any Parent Company or (B) the Lead Borrower’s or such Parent Company’s Form 10-K or
10-Q, as applicable, filed with the SEC (and the public filing of such report with the SEC shall constitute delivery under this Section 6.01); provided that with respect to each of the preceding clauses (A) and (B), (1) to the extent
such information relates to a Parent Company of the Lead Borrower, if and so long as such Parent Company will have Independent Assets or Operations, such information is accompanied by consolidating information that explains in reasonable detail the
differences between the information relating to such Parent Company and its Independent Assets or Operations, on the one hand, and the information relating to the Lead Borrower and the consolidated Restricted Subsidiaries on a stand-alone basis, on
the other hand and (2) to the extent such information is in lieu of information required to be provided under Section 6.01(a) (it being understood that such information may be audited at the option of the Lead Borrower), such materials are
accompanied by a report and opinion of a Registered Public Accounting Firm of nationally recognized standing reasonably acceptable to the Agent, which report and opinion shall be prepared in accordance with generally accepted auditing standards and
shall not be subject to any “going concern” or like qualification or exception or any qualification or exception as to the scope of such audit or be subject to any explanatory statement (other than an “emphasis of matter”
paragraph) as to the Lead Borrower’s ability to continue as a “going concern” or like qualification (other than with respect to (i) the impending maturity of any Material Indebtedness or (ii) any actual or prospective breach
of any financial maintenance covenant). 
 6.02 Certificates; Other Information. Deliver to the Agent, in form and detail satisfactory
to the Agent: 
 (a) [reserved]; 

(b) concurrently with the delivery of the financial statements referred to in Sections 6.01(a) and (b),
(i) a duly completed Compliance Certificate signed by a Responsible Officer of the Lead Borrower, (ii) in the event of any change in GAAP used in the preparation of such financial statements, the Lead Borrower shall also provide a
statement of reconciliation conforming such financial statements to GAAP, and (iii) a copy of management’s discussion and analysis with respect to such financial statements; 

  
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 (c) on the twentieth (20th) day of each Fiscal Month (or, if such day
is not a Business Day, on the next succeeding Business Day), a Borrowing Base Certificate showing the Borrowing Base and Availability as of the close of business as of the last day of the immediately preceding Fiscal Month, each Borrowing Base
Certificate to be certified as complete and correct by a Responsible Officer of the Lead Borrower; provided that, without limiting the Agent’s rights set forth in the last proviso of this clause (c), at any time that an Accelerated
Borrowing Base Delivery Event has occurred and is continuing, such Borrowing Base Certificate shall be delivered on Wednesday of each week (or, if Wednesday is not a Business Day, on the next succeeding Business Day), as of the close of business on
the immediately preceding Saturday; 
 (d) [reserved], 

(e) [reserved]; 

(f) The financial and collateral reports described on Schedule 6.02 hereto, at the times set forth in such Schedule;

 (g) [reserved]; 

(h) promptly after the Agent’s request therefor, copies of all Material Contracts and documents evidencing Material
Indebtedness; 
 (i) promptly, and in any event within five (5) Business Days after receipt thereof by any Loan Party or
any Restricted Subsidiary thereof, copies of each notice or other correspondence received from any Governmental Authority concerning any proceeding with, or investigation or possible investigation or other inquiry by such Governmental Authority
regarding financial or other operational results of any Loan Party or any Restricted Subsidiary thereof or any other matter which, if adversely determined, could reasonably expected to have a Material Adverse Effect; and 

(j) promptly, such additional information regarding the business affairs, financial condition or operations of any Loan Party
or any Restricted Subsidiary, or compliance with the terms of the Loan Documents, as the Agent or any Lender may from time to time reasonably request. 

Documents required to be delivered pursuant to Section 6.01(a), (b), or (c) or Section 6.02(d) may be delivered
electronically and if so delivered, shall be deemed to have been delivered on the date (i) on which the Lead Borrower posts such documents, or provides a link thereto on the Lead Borrower’s website on the Internet at the website address
listed on Schedule 10.02; or (ii) on which such documents are posted on the Lead Borrower’s behalf on an Internet or intranet website, if any, to which each Lender and the Agent have access (whether a commercial, third-party website
or whether sponsored by the Agent); provided that the Lead Borrower shall notify the Agent (by telecopier or electronic mail) of the posting of any such documents and provide to the Agent by electronic mail electronic versions (i.e.,
soft copies) of such documents. The Agent shall have no obligation to request the delivery or to maintain copies of the documents referred to above, and in any event shall have no responsibility to monitor compliance by the Loan Parties with any
such request for delivery, and each Lender shall be solely responsible for requesting delivery to it or maintaining its copies of such documents. 

  
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 The Loan Parties hereby acknowledge that (a) the Agent and/or MLPFS will make available to the Lenders and the L/C Issuer materials and/or information provided by or on
behalf of the Loan Parties hereunder (collectively, “Borrower Materials”) by posting the Borrower Materials on Debt Domain, IntraLinks, Syndtrak or another similar electronic system (the “Platform”) and (b) certain of the
Lenders may be “public-side” Lenders (i.e., Lenders that do not wish to receive material non-public information with respect to the Loan Parties or their securities) (each, a “Public Lender”). The Loan Parties hereby agree that
they will use commercially reasonable efforts to identify that portion of the Borrower Materials that may be distributed to the Public Lenders and that (w) all such Borrower Materials shall be clearly and conspicuously marked “PUBLIC”
which, at a minimum, shall mean that the word “PUBLIC” shall appear prominently on the first page thereof; (x) by marking Borrower Materials “PUBLIC,” the Loan Parties shall be deemed to have authorized the Agent, MLPFS, the L/C Issuer and the Lenders to treat such Borrower Materials as not containing any material non- public
information (although it may be sensitive and proprietary) with respect to the Loan Parties or their securities for purposes of United States Federal and state securities laws (provided, however, that to the extent such Borrower
Materials constitute Information, they shall be treated as set forth in Section 10.07); (y) all Borrower Materials marked “PUBLIC” are permitted to be made available through a portion of the Platform designated
“Public Investor”; and (z) the Agent and MLPFS shall be entitled to treat any Borrower
Materials that are not marked “PUBLIC” as being suitable only for posting on a portion of the Platform not designated “Public Investor.” 

6.03 Notices. Promptly notify the Agent: 

(a) of the occurrence of any Default or Event of Default (including, without limitation, any breach or non-performance of, or
any default under, or with respect to Material Indebtedness of any Loan Party or any Restricted Subsidiary thereof to the extent such breach or non-performance results in a Default or Event of Default hereunder); 

(b) of any matter that has resulted or could reasonably be expected to result in a Material Adverse Effect, 

(c) of any dispute, litigation, investigation, proceeding or suspension between any Loan Party or any Restricted Subsidiary
thereof and any Governmental Authority; or the commencement of, or any material development in, any litigation or proceeding affecting any Loan Party or any Restricted Subsidiary thereof, including pursuant to any applicable Environmental Laws, in
each case that has resulted or could reasonably be expected to result in a Material Adverse Effect; 
 (d) of the occurrence
of any ERISA Event that could reasonably be expected to result in a Material Adverse Effect; 
 (e) of the filing of any Lien for unpaid federal income Taxes against any Loan Party in excess of $3,000,000[reserved]; and 

(f) of any failure by any Loan Party to pay rent as and when required by the applicable Lease if such failure could reasonably
be expected to result in a Material Adverse Effect. 

  
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 Each notice pursuant to this Section shall be accompanied by a statement of a Responsible Officer of the
Lead Borrower setting forth details of the occurrence referred to therein and stating what action the Lead Borrower has taken and proposes to take with respect thereto. Each notice pursuant to Section 6.03(a) shall describe with
reasonable particularity the provisions of this Agreement and any other Loan Document that have been breached. 
 6.04 Payment of
Obligations. Timely pay, discharge or otherwise satisfy, as the same shall become due and payable, all of its obligations and liabilities, in respect of Taxes imposed upon it or upon its income or profits or in respect of its property, except,
in each case, to the extent (1) any such Tax is being contested in good faith and by appropriate actions for which appropriate reserves have been established in accordance with GAAP or (2) the failure to pay or discharge the same would not
reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect. 
 6.05 Preservation of Existence, Etc.
(a) Preserve, renew and maintain in full force and effect its legal existence and good standing under the Laws of the jurisdiction of its organization or formation (i) except in a transaction permitted by Section 7.04 or
7.05, or (ii) except (other than with respect to the preservation of the legal existence of the Lead Borrower) to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect; (b) take all
reasonable action to maintain all rights, privileges, permits, licenses and franchises necessary or desirable in the normal conduct of its business, except in a transaction permitted by Section 7.04 or 7.05 and except to the
extent that failure to do so could not reasonably be expected to have a Material Adverse Effect; and (c) preserve or renew all of its Intellectual Property, except, to the extent: (i) such Intellectual Property is no longer used or useful
in the conduct of the business of the Loan Parties, (ii) pursuant to a transaction permitted by Section 7.04 or 7.05, or (iii) that failure to do so could not reasonably be expected to have a Material Adverse Effect.

 6.06 Maintenance of Properties. (a) Maintain, preserve and protect all of its properties and equipment necessary in the
operation of its business in good working order and condition, ordinary wear and tear excepted; and (b) make all necessary repairs thereto and renewals and replacements thereof, in either case except, in each case, where the failure to do so
could not reasonably be expected to have a Material Adverse Effect. 
 6.07 Maintenance of Insurance 

Maintain insurance with insurance companies that the Lead Borrower (in the good faith judgment of its management team) believes are financially
sound and reputable with respect to its properties and business against loss or damage of the kinds customarily insured against by Persons engaged in the same or
similar business
Similar Business and operating in the same or similar locations or as is required by Law, of such types and in such amounts as are customarily carried under similar circumstances by such other
Persons, deliver to the Agent, prior to the cancellation, modification or non-renewal of any such policy of insurance, a copy of a renewal or replacement policy (or other evidence of renewal of a policy previously delivered to the Agent), and
furnish the Lenders, upon written request from the Agent, with information presented in reasonable detail as to the insurance so carried. Each such policy of insurance will as appropriate, (i) name the Agent, on behalf of the Credit Parties, as
an additional insured thereunder as its interests may appear or (ii) in the case of each casualty insurance policy, contain an additional lender loss payable clause or endorsement that names the Agent, on behalf of the Credit Parties, as the
additional lender loss payee thereunder. Each such policy of insurance will as appropriate also provide that it shall not be canceled, modified or not renewed except upon prior written notice thereof by the insurer to the Agent in accordance with
the notice provisions set forth in the applicable policy. 

  
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 6.08 Compliance with Laws. Comply in all material respects with the requirements of
all Laws and all orders, writs, injunctions and decrees applicable to it or to its business or property, except in such instances in which (a) such requirement of Law or order, writ, injunction or decree is being contested in good faith by
appropriate proceedings diligently conducted and with respect to which adequate reserves have been set aside and maintained by the Loan Parties in accordance with GAAP, (b) such contest effectively suspends enforcement of the contested Laws,
and (c) the failure to comply therewith could not reasonably be expected to have a Material Adverse Effect. 
 6.09 Books and
Records; Accountants. 
 (a) Maintain proper books of record and account, in which true and correct entries in conformity with GAAP
consistently applied shall be made of all material financial transactions and matters involving the assets and business of the Loan Parties or such Restricted Subsidiary, as the case may be; and (b) maintain such books of record and account in
material conformity with all applicable requirements of any Governmental Authority having regulatory jurisdiction over the Loan Parties or such Restricted Subsidiary, as the case may be. 

6.10 Inspection Rights. 

(a) Upon the request of the Agent after reasonable prior notice and at reasonable times during normal business hours, permit representatives
and independent contractors of the Agent to visit and inspect any of its properties, to examine its corporate, financial and operating records, and make copies thereof or abstracts therefrom, and to discuss its affairs, finances and accounts with
its directors, officers, and Registered Public Accounting Firm (subject to such accountants’ customary procedures) (provided that the Lead Borrower shall be given the opportunity to participate in any such discussions), all at the
expense of the Loan Parties and at such reasonable times during normal business hours, but no more than one (1) time per twelve (12) month period, upon reasonable advance notice to the Lead Borrower, provided, however, that
upon the occurrence and during the continuance of an Event of Default, the Agent (or any of its representatives or independent contractors) may do any of the foregoing after reasonable prior notice and at reasonable times as often as may be
reasonably desired at the expense of the Loan Parties at any time during normal business hours. 
 (b) Upon the request of the Agent after
reasonable prior notice and at reasonable times, permit the Agent or professionals (including investment bankers, consultants, accountants, and lawyers) retained by the Agent to conduct commercial finance examinations and other evaluations of the
Loan Parties, including, without limitation, of (i) the Lead Borrower’s practices in the computation of the Borrowing Base, (ii) the assets included in the Borrowing Base and related financial information such as, but not limited to,
sales, gross margins, payables, accruals and reserves, and (iii) the Loan Parties’ business plan, forecasts and cash flows. The parties hereto agree that the Agent may, in its discretion, after reasonable prior notice and at reasonable
times, undertake (and, subject to the immediately succeeding sentence, shall be limited to) (A) up to one (1) commercial finance examination in each twelve month period at the Loan Parties’ expense; provided that if
Availability is less than the greater of (x) twenty percent (20%) of the Loan Cap, and (y) $10,000,00012,500,000, in either case for five (5) consecutive Business Days,
the Agent may, in its discretion, undertake up to two (2) commercial finance examinations in the immediately succeeding twelve month period at the Loan Parties’ expense, and (B) up to one (1) additional commercial finance
examination in each twelve month period at the Lenders’ expense. Notwithstanding the foregoing, if required by Law or if a Specified Event of Default shall have occurred and be continuing, after reasonable prior notice and at reasonable times,
the Agent may cause additional commercial finance examinations to be undertaken at the expense of the Loan Parties. 

  
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 (c) Upon the request of the Agent after reasonable prior notice and at reasonable times,
permit the Agent or professionals (including appraisers) retained by the Agent to conduct appraisals of the Collateral, including, without limitation, the assets included in the Borrowing Base. The parties hereto agree that the Agent may, in its
discretion, after reasonable prior notice and at reasonable times, undertake (and, subject to the immediately succeeding sentence, shall be limited to) (A) up to one (1) inventory appraisal in each twelve month period at the Loan
Parties’ expense; provided, that if Availability is less than the greater of (x) twenty percent (20%) of the Loan Cap, and
(y) 
$10,000,00012,500,000
, in either case, for five (5) consecutive Business Days, the Agent may, in its discretion, undertake up to two (2) inventory appraisals in the immediately succeeding twelve month period at
the Loan Parties’ expense, and (B) up to one (1) additional inventory appraisal in each twelve month period at the Lenders’ expense. Notwithstanding the foregoing, (i) if required by Law or if a Specified Event of Default
shall have occurred and be continuing, after reasonable prior notice and at reasonable times, the Agent may cause additional appraisals to be undertaken at the expense of the Loan Parties, and (ii) the Agent may cause an additional desktop
inventory appraisal to be undertaken within 180 days following the Loan Parties’ implementation of the cost method of valuation of Inventory at the expense of the Loan Parties in accordance with Section 7.13. 

6.11 Additional Loan Parties. 

(a) (i) Notify the Agent at the time that any Person becomes a Wholly-Owned Subsidiary of any Loan Party, and promptly
thereafter (and in any event within sixty (60) days or such longer period as the Agent may agree), cause any such Person which is a Domestic Subsidiary (other than any Excluded Subsidiary) to (x) become a Loan Party by executing and
delivering to the Agent a Joinder to this Agreement or a Joinder to the Facility Guaranty or such other documents as the Agent shall deem reasonably appropriate for such purpose, (y) grant a Lien to the Agent on such Person’s assets of the
same type that constitute Collateral to secure the Obligations to the extent required by the Security Documents, and (z) deliver to the Agent documents of the types referred to in clauses (iii) and (iv) of Section 4.01(a)
and, if reasonably requested by the Agent, customary opinions of counsel to such Person, and (ii) if any Equity Interests or Indebtedness of such Person are owned by or on behalf of any Loan Party, to pledge such Equity Interests and promissory
notes evidencing such Indebtedness (except that, notwithstanding the foregoing, if any Subsidiary is a Foreign Subsidiary or a Foreign Subsidiary Holding Company, the Equity Interests of such Subsidiary to be pledged shall be limited to 65% of the
outstanding voting Equity Interests of such Subsidiary and 100% of the non-voting Equity Interests of such Subsidiary), in each case in form, content and scope reasonably satisfactory to the Agent. For the avoidance of doubt and notwithstanding
anything herein or in any Security Document to the contrary, none of the assets of any Foreign Subsidiary or any Foreign Subsidiary Holding Company (including any Equity Interests held by a Foreign Subsidiary) shall be required to be pledged
hereunder or under any Security Document. 
 (b) In no event shall compliance with this Section 6.11 waive or be
deemed a waiver or Consent to any transaction giving rise to the need to comply with this Section 6.11 if such transaction was not otherwise expressly permitted by this Agreement or constitute or be deemed to constitute, with respect to
any Subsidiary, an approval of such Person as a Borrower or Guarantor or permit the inclusion of any acquired assets or assets of such Subsidiary in the computation of the Borrowing Base. 

  
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 (c) Notwithstanding anything to the contrary contained herein, if the Agent
reasonably determines that the cost of obtaining any pledge or security interest otherwise required pursuant to this Section 6.11 is excessive in relation to the benefit thereof, then no such pledge or security interest shall be required
hereunder. 
 6.12 Cash Management. 

(a) (i) To the extent not previously delivered pursuant to
the Existing Credit Agreement, on or prior to the
Third Amendment Effective Date, deliver to the Agent copies of notifications (each, a “Credit Card Notification”) reasonably satisfactory in form and substance to the Agent which
have been executed on behalf of such Loan Party and delivered to such Loan Party’s credit card clearinghouses and processors listed on Schedule 5.20(b); and (ii) to the extent not previously delivered pursuantprior to the Existing Credit Agreement within ninety (90) days following the Effective Date (or such later date to which the
Agent may agree in writing in its Permitted Discretion)Third Amendment Effective Date, enter into a Blocked Account Agreement reasonably satisfactory in form and substance to the Agent with each Blocked Account Bank (collectively, the “Blocked Accounts”). 

(b) ACH or wire transfer no less frequently than once each Business Day (or with such other frequency as the Agent may otherwise agree in its
sole discretion), whether or not there are then any outstanding Obligations to a Blocked Account (i) all available amounts on deposit in each DDA that is not a Blocked Account (other than any Excluded Account) (except for normal course
allowances for deposit errors, returned checks and other similar items maintained in such DDAs consistent with past practices), and (ii) all payments received from all Credit Card Issuers and Credit Card Processors. 

(c) After the occurrence and during the continuance of a Cash Dominion Event, cause the ACH or wire transfer to the collection account
maintained by the Agent at Bank of America (the “Collection Account”), no less frequently than once each Business Day (or with such other frequency as the Agent may otherwise agree in its sole discretion), whether or not there are then any
outstanding Obligations, all cash receipts and collections received by each Loan Party from all sources, including, without limitation, the following: 

(i) all available cash receipts from the sale of Inventory (including without limitation, proceeds of credit card charges) and
other assets (whether or not constituting Collateral); 
 (ii) all proceeds of collections of Accounts; 

(iii) all Net Proceeds, and all other cash payments received by a Loan Party from any Person or from any source or on account
of any Disposition or other transaction or event; 
 (iv) the then available cash balance of each Blocked Account (except for
normal course allowances for deposit errors, returned checks and other similar items maintained in such Blocked Accounts consistent with past practices); and 

(v) the then available cash balance of each DDA (other than any Excluded Account and any disbursement accounts designated by
the Lead Borrower and used solely for such purpose) not described in clause (iv) (except for normal course allowances for deposit errors, returned checks and other similar items maintained in such DDAs consistent with past practices). 

  
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 (d) The Collection Account shall at all times during the continuance of a Cash Dominion
Event be under the sole dominion and control of the Agent. The Loan Parties hereby acknowledge and agree that (i) during the continuance of a Cash Dominion Event, the Loan Parties have no right of withdrawal from the Collection Account,
(ii) the funds on deposit in the Collection Account shall at all times be collateral security for all of the Obligations, and (iii) during the continuance of a Cash Dominion Event, the funds on deposit in the Collection Account shall be
applied to the Obligations as provided in Section 2.05(f) or Section 8.03, as applicable. In the event that, notwithstanding the provisions of this Section 6.12, any Loan Party receives or otherwise has dominion
and control of any such cash receipts or collections (other than any amounts in any Excluded Accounts), such receipts and collections shall be held in trust by such Loan Party for the Agent, shall not be commingled with any of such Loan Party’s
other funds or deposited in any account of such Loan Party and shall, not later than the Business Day after receipt thereof, be deposited into the Collection Account or dealt with in such other fashion as such Loan Party may be instructed by the
Agent. 
 6.13 Information Regarding the Collateral. Furnish to the Agent at least thirty (30) days after written notice of any
change in: (i) any Loan Party’s name or in any trade name used to identify it in the conduct of its business or in the ownership of its properties; (ii) the location of any Loan Party’s chief executive office or its principal
place of business; (iii) any Loan Party’s organizational type or jurisdiction of incorporation or formation; or (iv) any Loan Party’s Federal Taxpayer Identification Number or organizational identification number assigned to it
by its state of organization. 
 6.14 Physical Inventories. 

(a) Cause not less than one (1) physical inventory to be undertaken with respect to the Loan Parties’ distribution centers and Store
locations, at the expense of the Loan Parties, in each Fiscal Year (provided that at the Loan Parties’ option, periodic cycle counts may be performed in lieu of such annual physical inventory at its distribution centers or any Store
locations), in each case consistent with past practices, conducted by such inventory takers as are satisfactory to the Agent and following such methodology as is consistent, as applicable, with the methodology used in the immediately preceding
inventory or as otherwise may be satisfactory to the Agent. The Agent, at the expense of the Loan Parties, may participate in and/or observe each scheduled physical count of Inventory which is undertaken on behalf of any Loan Party. The Lead
Borrower, within forty-five (45) days following the completion of such inventory, shall provide the Agent with a reconciliation of the results of such inventory (as well as of any other physical inventory or cycle counts undertaken by a Loan
Party) to the extent that the results thereof reflect a material discrepancy from the Loan Parties’ stock ledger or general ledger and shall, in any event, post such results to the Loan Parties’ stock ledgers and general ledgers, as
applicable. 
 (b) Permit the Agent, in its discretion, if any Default or Event of Default exists, to cause additional such inventories to be
taken as the Agent determines in its Permitted Discretion (each, at the expense of the Loan Parties). 

  
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 6.15 Environmental Laws. 

(a) Conduct its operations and keep and maintain its Real Estate in compliance with all Environmental Laws; (b) obtain and renew all
environmental permits reasonably necessary for its operations and properties; and (c) implement any and all investigation, remediation, removal and response actions that are reasonably required to comply with Environmental Laws pertaining to
the presence, generation, treatment, storage, use, disposal, transportation or release of any Hazardous Materials on, at, in, under, above, to, from or about any of its Real Estate, except, in case of each of the foregoing causes, as could not,
individually or in the aggregate, reasonably be expected to have a Material Adverse Effect, provided, however, that neither a Loan Party nor any of its Subsidiaries shall be required to undertake any such cleanup, removal, remedial or
other action to the extent that its obligation to do so is being contested in good faith and by proper proceedings and adequate reserves have been set aside and are being maintained by the Loan Parties with respect to such circumstances in
accordance with GAAP. Nothing contained herein shall be deemed to limit the rights of the Agent with respect to establishing or modifying Reserves in the manner permitted by this Agreement. 

6.16 Further Assurances. 

(a) 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, amendments to financing statements and other documents), that may be required under any Law, or which the Agent may reasonably request, to effectuate the transactions contemplated by the Loan Documents
or to grant, preserve, protect or perfect (to the extent required by, and subject to the limitations set forth in, the Security Documents and this Agreement) the Liens created or intended to be created by the Security Documents or the validity or
priority of any such Lien, all at the expense of the Loan Parties. The Loan Parties also agree to provide to the Agent, from time to time upon request, evidence satisfactory to the Agent as to the perfection and priority of the Liens created or
intended to be created by the Security Documents. 
 (b) If any material assets are acquired by any Loan Party after the Closing Date (other
than assets constituting Collateral under the Security Documents that become subject to the perfected first-priority (subject only to Permitted Encumbrances having priority by operation of applicable law) Lien under the Security Documents upon
acquisition thereof and other than Equity Interests in a Foreign Subsidiary or a Foreign Subsidiary Holding Company not required to be pledged pursuant to Section 6.11 hereof), notify the Agent thereof, and the Loan Parties will cause
such assets to be subjected to a perfected Lien securing the Obligations and will take such actions as shall be reasonably necessary or shall be reasonably requested by any Agent to grant and perfect (to the extent required by, and subject to the
limitations set forth in, the Security Documents and this Agreement) such Liens, including actions described in paragraph (a) of this Section 6.16, all at the expense of the Loan Parties. Notwithstanding the foregoing, the Loan
Parties shall not be required to grant a mortgage in favor of the Agent on any owned Real Estate of any Loan Party. 
 6.17 Compliance
with Terms of Leaseholds. 
 Except as otherwise expressly permitted hereunder, (a) make all payments and otherwise perform all
obligations in respect of all Leases to which any Loan Party or any of its Restricted Subsidiaries is a party, keep such Leases in full force and effect, (b) not allow such Leases to lapse or be terminated or any rights to renew such Leases to
be forfeited or cancelled except to the extent such Lease is no longer used or useful in the conduct of the business of the Loan Parties in the ordinary course of business, consistent with past practices, (c) notify the Agent of any default by
any party with respect to such Leases and cooperate with the Agent in all respects to cure any such default, and (d) cause each of its Restricted Subsidiaries to do the foregoing, except, in any case, where the failure to do so, either
individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect. 

  
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 6.18 Designation of Subsidiaries. 

The boardBoard of
directorsDirectors of Holdings may at any time
designate any Restricted Subsidiary as an Unrestricted Subsidiary or any Unrestricted Subsidiary as a Restricted Subsidiary; provided that (i) immediately before and after such designation, no Default or Event of Default shall have
occurred and be continuing, (ii) after giving effect to such designation, the Payment Conditions shall have been satisfied, (iii) none of the Borrowers may be designated as an Unrestricted Subsidiary, (iv) no Unrestricted Subsidiary
shall own any Equity Interests in the Lead Borrower its Restricted Subsidiaries, (v) no Unrestricted Subsidiary shall hold any Indebtedness of, or any Lien on any property of, the Lead Borrower and its Restricted Subsidiaries, (vii) the holder
of any Indebtedness of any Unrestricted Subsidiary shall not have any recourse to the Lead Borrower and its Restricted Subsidiaries with respect to such Indebtedness and (vii) no Unrestricted Subsidiary shall be a party to any transaction or
arrangement with the Lead Borrower and its Restricted Subsidiaries that would not be permitted by Section 7.09. The designation of any Subsidiary as an Unrestricted Subsidiary shall constitute an Investment by Holdings and its Restricted
Subsidiaries therein at the date of designation in an amount equal to the net book value of Holdings’ or Restricted Subsidiary’s (as applicable) Investment therein. The designation of any Unrestricted Subsidiary as a Restricted Subsidiary
shall constitute the incurrence at the time of designation of any Indebtedness or Liens of such Subsidiary existing at such time. 

6.19 Sanctions. 
 Not
directly or, knowingly, indirectly, use any Credit Extension or the proceeds of any Credit Extension, or lend, contribute or otherwise make available such Credit Extension or the proceeds of any Credit Extension to any Person, to fund any activities
of or business with any Person, or in any Designated Jurisdiction, that, at the time of such funding, is the subject of Sanctions, or in any other manner that will result in a violation by any Person (including any Person participating in the
transaction, whether as Lender, Arranger, Agent, L/C Issuer or otherwise) of Sanctions. 
 6.20 Anti-Corruption Laws. 

Not directly or, knowingly, indirectly, use any Credit Extension or the proceeds of any Credit Extension for any purpose which would breach the
United States Foreign Corrupt Practices Act of 1977 or any applicable anti-corruption legislation in other jurisdictions. 
 6.21 Post-Closing Covenant. 
 As promptly as practicable and in any event within the time periods after the Effective Date specified in Schedule 6.21 or such later day as the Agent agrees to in writing,
deliver the documents or take the actions specified in Schedule 6.21. 

ARTICLE VII 
 NEGATIVE
COVENANTS 
 So long as any Lender shall have any Commitment hereunder, any Loan or other Obligation hereunder shall remain unpaid or
unsatisfied (other than the Other Liabilities and contingent indemnification claims for which a claim has not been asserted), or any Letter of Credit shall remain outstanding (except to the extent fully Cash Collateralized or supported by another
letter of credit in a manner reasonably satisfactory to the L/C Issuer and the Agent), no Loan Party shall, nor shall it permit any Restricted Subsidiary to, directly or indirectly: 

  
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 7.01 Liens. Create, incur, assume or suffer to exist any Lien upon any of its
property, assets or revenues, whether now owned or hereafter acquired or sign or file or authorize under the UCC or any applicable Law or statute of any jurisdiction a financing statement that names any Loan Party or any Restricted Subsidiary
thereof as debtor; sign or suffer to exist any security agreement authorizing any Person thereunder to file such financing statement; sell any of its property or assets subject to an understanding or agreement (contingent or otherwise) to repurchase
such property or assets with recourse to it or any of its Restricted Subsidiaries; or assign or otherwise transfer any accounts or other rights to receive income or grant any Liens on its assets, other than, as to all of the above, Permitted
Encumbrances. 
 7.02 Investments. Make any Investments, except Permitted Investments; provided that, if any such Permitted Investment is made in a Person who is not a Loan Party and includes Intellectual
Property used or useful in connection with the Borrowing Base, the purchaser, assignee or other transferee thereof shall agree in writing to be bound by a non-exclusive royalty-free worldwide license of such Intellectual Property in favor of the
Agent for use in connection with the exercise of the rights and remedies of the Credit Parties, which license shall be in form and substance reasonably satisfactory to the Agent. 

7.03 Indebtedness; Disqualified Stock. 

(a) Create, incur, assume, guarantee, suffer to exist or otherwise become or remain liable with respect to, any Indebtedness, except Permitted
Indebtedness, or (b) issue Disqualified Stock. 
 7.04 Fundamental Changes. Merge, dissolve, liquidate, consolidate with or into
another Person,
(including, in each case, pursuant to a Division) (or agree to do any of the foregoing), except that, so long as no Default or Event of Default shall have occurred and be continuing prior to or
immediately after giving effect to any action described below or would result therefrom: 
 (a) any Subsidiary which
is not a Loan Party may merge or consolidate with or into (i) a Loan Party, provided that the Loan Party shall be the continuing or surviving Person, or (ii) any one or more other Subsidiaries which are not Loan Parties, provided
that when any Wholly-Owned Subsidiary is merging or consolidating with another Subsidiary, the Wholly-Owned Subsidiary shall be the continuing or surviving Person; 

(b) any Subsidiary which is a Loan Party may merge with or consolidate into any other Subsidiary which is a Loan Party or into
a Borrower, provided that in any merger involving a Borrower, a Borrower shall be the continuing or surviving Person; 

(c) in connection with a Permitted Acquisition, any Subsidiary of a Loan Party may merge with or into or consolidate with any
other Person or permit any other Person to merge with or into or consolidate with it; provided that (i) the Person surviving such merger shall be a Wholly-Owned Subsidiary of a Loan Party and such Person shall become a Loan Party in accordance
with the provisions of Section 6.11 hereof, and (ii) in the case of any such merger to which any Loan Party is a party, such Loan Party is the surviving Person; and 

(d) any Subsidiary which is not a Borrower may liquidate or dissolve if the Lead Borrower determines in good faith that such
liquidation or dissolution is in the best interests of the Lead Borrower and is not materially disadvantageous to the Credit Parties. 

  
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 7.05 Dispositions. Make any Disposition or enter into any agreement to make any
Disposition, except Permitted Dispositions. 
 7.06 Restricted Payments. Declare or make, directly or indirectly, any Restricted
Payment, or incur any obligation (contingent or otherwise) to do so, except that each of the following shall be permitted: 

(a) each Subsidiary of a Loan Party may make Restricted Payments to any Loan Party (other than Holdings); 

(b) the Loan Parties and each Subsidiary may declare and make dividend payments or other distributions payable solely in the
common stock or other common Equity Interests of such Person (in each case other than Disqualified Stock); 
 (c) the Loan
Parties may declare and pay cash dividends to Holdings in an amount not to exceed such amount as is necessary to permit Holdings to pay its proportionate share of
(i) : 

(i)
 reasonable and customary corporate and operating expenses (including reasonable out-of-pocket expenses for legal, administrative and accounting services provided by third parties, and
compensation, benefits and other amounts payable to officers and employees in connection with their employment in the ordinary course of business),
(ii) 
 (ii) tax liabilities attributable to the taxable income of the Lead
Borrower and its Subsidiaries for any taxable period in which the Lead Borrower and its Subsidiaries is a member of any affiliated, consolidated, combined or unitary group the common parent of which is Holdings, and (iii) 

(iii)
 franchise fees or similar taxes and fees required to maintain its corporate existence; and 

(iv)
 following a Qualifying IPO, any costs and expenses in
connection with becoming or continuing to exist as a public company (including Public Company Costs). 

(d) any Loan Party may declare and pay cash dividends to Holdings not to exceed an amount necessary to permit Holdings to pay
customary indemnities and reasonable ordinary course expenses attributable to Holdings, the Lead Borrower or its respective Subsidiaries to the Sponsor pursuant to the Sponsor Management Agreement; 

(e) so long as no Default or Event of Default then exists or would result therefrom, the Loan Parties and their Subsidiaries
may make Restricted Payments in an amount not to exceed $5,000,000 (increasing to $20,000,000 in any fiscal year
following a Qualifying IPO by the Borrower or any Parent Company) in the aggregate per Fiscal Year to Holdings to permit Holdings or its parent to repurchase, redeem or otherwise acquire Equity
Interests issued by it (and, so long as no Default or Event of Default then exists or would result therefrom, Holdings may use the proceeds of such Restricted Payments for such purpose); and 

  
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 (f) if the RP Conditions are satisfied, the Lead Borrower may declare or pay
cash dividends to Holdings (and, so long as the RP Conditions are satisfied, Holdings may use the proceeds of such Restricted Payments to make Restricted Payments to the holders of Holdings’ Equity Interests); 

(g)
 the Third Amendment Effective Date Distribution;

(h)
 Restricted Payments to Holdings or any Loan Party in connection with any IPO Reorganization Transaction;
and 
 (i) the declaration and payment of dividends on the Borrower’ common equity (or the payment of dividends to any Parent
Company to fund a payment of dividends on such company’s common equity), following the first public offering of the Borrower’ common equity or the common equity of any Parent Company after the Closing Date that is a Qualifying IPO, in an
amount not to exceed the greater of (a) 7.0% per annum of the net cash proceeds received by or contributed to the Borrower other than any public sale constituting an Excluded Contribution and (b) 6.0% per annum of the Market
Capitalization at the time of declaration of such Restricted Payment; provided that no Event of Default pursuant to Section 8.01(a) or 8.01(f) (solely with respect to the Borrower) shall have occurred and be continuing or would result
therefrom. 
 7.07 Prepayments of Indebtedness. Prepay, redeem, purchase,
defease or otherwise satisfy prior to the scheduled maturity thereof in any manner any Junior Indebtedness, except (a) regularly scheduled or mandatory repayments, repurchases, redemptions or defeasances of (i) Permitted Indebtedness
(other than Subordinated Indebtedness), (ii) Subordinated Indebtedness in accordance with the subordination terms thereof; provided that if any Specified Event of Default (or event, with the passage of time, the giving of notice or both
would constitute a Specified Event of Default) then exists or would arise therefrom, the Loan Parties and their Subsidiaries may not utilize proceeds of Credit Extensions or Proceeds of Collateral to make any such repayments, repurchases,
redemptions or defeasances described in this clause (a), (b) voluntary prepayments, repurchases, redemptions or defeasances of (i) Permitted Indebtedness (but excluding on account of any Subordinated Indebtedness) as long as the Payment
Conditions are satisfied, (ii) Subordinated Indebtedness (other than the Intercompany Subordinated Indebtedness) in accordance with the subordination terms thereof and as long as the Payment Conditions are satisfied, and (iii) the
Intercompany Subordinated Indebtedness as long as the RP Conditions are satisfied[reserved]; and (c) Permitted Refinancings of any such Indebtedness. 
 7.08 Change in Nature of
Business. 
 (a) In the case of Holdings, engage in any line of business substantially different from the business
conducted by Holdings on the Closing Date. 
 (b) In the case of any Loan Party other than Holdings, engage in any line of
business substantially different from the business conducted by the Loan Parties and their Subsidiaries on the Closing Date or any business substantially related or incidental thereto. 

(c) Without the written consent of the
Required Lenders, create, acquire or maintain any Domestic Subsidiary other than a Wholly-Owned Subsidiary. 

7.09 Transactions with Affiliates. Enter into, renew, extend or be a party to any transaction of any kind with any Affiliate of any Loan
Party involving aggregate payments or consideration in excess of $3.0 million, whether or not in the ordinary course of business, other than on fair and reasonable terms substantially as favorable, taken as a whole, to the Loan Parties or such
Restricted Subsidiary as would be obtainable by the Loan Parties or such Restricted Subsidiary at the time in a comparable arm’s length transaction with a Person other than an Affiliate or, if in the good faith judgment of the boardBoard of
directorsDirectors
 no comparable transaction is available with which to compare such transaction, such transaction is otherwise fair to the Loan Parties or such Restricted Subsidiary from a financial point of view,
provided that the foregoing restriction shall not apply to : 

  
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 (a) a transaction between or among the Loan Parties and one or more Restricted Subsidiaries
or between or among Restricted Subsidiaries or, in any case, any entity that becomes a Restricted Subsidiary as a result of such transaction, 

(b) transactions described on Schedule 7.09 hereto, 

(c) advances for commissions, travel and other similar purposes in the ordinary course of business to directors, officers and employees, 

(d) the payment of reasonable fees and out-of-pocket costs to directors and officers, and compensation and employee benefit arrangements paid
to, and indemnities provided for the benefit of, directors, officers or employees of the Lead Borrower or any of its Restricted Subsidiaries, 

(e) transactions among the Loan Parties and the Sponsor to the extent permitted pursuant to Section 7.06, 

(f) as long as no Change of Control results therefrom, any issuances of securities of Holdings (other than Disqualified Stock and other Equity
Interests not permitted hereunder) or other payments, awards or grants in cash, securities or otherwise pursuant to, or the funding of, employment agreements, stock options and stock ownership plans (in each case in respect of Equity Interests in
Holdings) of Holdings or any of its Subsidiaries, 
 (g) (i) Restricted Payments permitted by Section 7.06, and (ii) any Permitted
Investment(s) or any acquisition otherwise permitted hereunder, 
 (h) transactions in which the Borrowers or any Restricted Subsidiary, as
the case may be, delivers to the Agent a letter from an independent financial advisor stating that such transaction is fair to the Loan Parties or such Restricted Subsidiary from a financial point of view or stating that the terms, when taken as a
whole, are not materially less favorable to the Loan Parties or the relevant Restricted Subsidiary than those that would have been obtained in a comparable transaction by the Loan Parties or such Restricted Subsidiary with a Person that is not an
Affiliate of the Loan Parties on an arm’s length basis, 
 (i) transactions with customers, clients, suppliers, contractors, joint
venture partners or purchasers or sellers of goods or services, or transactions otherwise relating to the purchase or sale of goods or services, in each case in the ordinary course of business or consistent with industry practice and otherwise in
compliance with the terms of this Agreement that are fair to the Loan Parties and the Restricted Subsidiaries, in the reasonable determination of the
boardBoard of
directorsDirectors
 or the senior management of the Lead Borrower, or are on terms at least as favorable as might reasonably have been obtained at such time from an unaffiliated party, 

(j) the issuance, sale or transfer of Equity Interests (other than Disqualified Stock) of the Lead Borrower or any parent company to any Person
and the granting and performing of customary rights (including registration rights) in connection therewith, and any contribution to the capital of the Lead Borrower, 

  
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 (k) payments by the Loan Parties or any Restricted Subsidiary made for any financial
advisory, consulting, financing, underwriting or placement services or in respect of other investment banking activities, including in connection with acquisitions or divestitures, which payments are approved by, or made pursuant to arrangements
approved by, a majority of the
boardBoard of
directorsDirectors
 in good faith, 
 (l) (i) investments by Affiliates in securities of the Lead
Borrower (and payment of reasonable out-of-pocket expenses incurred by such Affiliates in connection therewith) so long as the investment is being offered by the Lead Borrower generally to other investors on the same or more favorable terms and (ii)
payments to Affiliates in respect of securities of the Lead Borrower contemplated in the foregoing subclause (i) or that were acquired from Persons other than the Lead Borrower and the Restricted Subsidiaries, in each case, in accordance with
the terms of such securities, 
 (m) payments to or from, and transactions with, any joint venture or Unrestricted Subsidiary in the ordinary
course of business or consistent with past practice, industry practice or industry norms (including, any cash management activities related thereto), 

(n) any lease entered into between the Loan Parties or any Restricted Subsidiary, as lessee and any Affiliate of the Borrowers, as lessor, and
any transaction(s) pursuant to that lease, which lease is approved by the
boardBoard of
directorsDirectors
 or senior management of the Lead Borrower in good faith, 
 (o) intellectual
property licenses in the ordinary course of business or consistent with industry practice, 
 (p) the payment of reasonable out-of-pocket
costs and expenses relating to registration rights and indemnities provided to equity holders of the Lead Borrower or any parent company pursuant to the equity holders agreement or the registration rights agreement entered into on or after the
Effective Date, 
 (q) transactions permitted by, and complying with, Section 7.04 solely for the purpose of (a) reorganizing to facilitate any initial public offering of securities of the Lead Borrower or any parent companyan IPO Reorganization Transaction, (b) forming a holding company or
(c) reincorporating the Lead Borrower in a new jurisdiction, 
 (r) transactions undertaken in good faith (as determined by the boardBoard of
directorsDirectors
 or certified by senior management of the Lead Borrower) for the purposes of improving the consolidated tax efficiency of the Borrowers and their Restricted Subsidiaries and not for the purpose of
circumventing Articles VI and VII of this Agreement; so long as such transactions, when taken as a whole, do not result in a material adverse effect on the Liens on the Collateral granted by the Loan Parties in favor of the Credit Parties, when
taken as a whole, in each case, as determined in good faith by the
boardBoard
 of
directorsDirectors
 or certified by senior management of the Lead Borrower in an officer’s certificate, 

(s) (i) transactions with a Person that is an Affiliate of the Lead Borrower (other than an Unrestricted Subsidiary) solely because the
Loan Parties or any Restricted Subsidiary owns, directly or indirectly, Equity Interests in such Person and (ii) transactions with any Person that is an Affiliate solely because a director or officer of such Person is a director or officer of
the Loan Parties, any Restricted Subsidiary or any parent company, 

  
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 (t) (i) pledges and other transfers of Equity Interests in Unrestricted Subsidiaries
and (ii) any transactions with an Affiliate in which the consideration paid consists solely of Equity Interests of the Lead Borrower or a parent company and 

(wu) the sale, issuance or transfer of Equity Interests (other than
Disqualified Stock) of the Lead Borrower. 
 7.10 Burdensome Agreements. Enter into or permit to exist any Contractual
Obligation (other than this Agreement or any other Loan Document or any Term Loan Document) that (a) limits the ability (i) of any Subsidiary to make Restricted Payments or other distributions to any Loan Party or to otherwise transfer
property to or invest in a Loan Party or any Subsidiary, except for (x) at the time any Subsidiary becomes a Subsidiary of any Borrower, so long as such agreement was not entered into primarily in contemplation of such Person becoming a
Subsidiary of such Borrower, (y) customary restrictions and conditions contained in agreements relating to the sale of all or a substantial part of the assets of any Subsidiary pending such sale, provided that such restrictions and conditions
apply only to the Subsidiary to be sold and such sale is permitted hereunder or (z) customary provisions in leases and other contracts and agreements restricting the assignment thereof, (ii) of any Subsidiary to Guarantee the Obligations,
(iii) of any Subsidiary to make or repay loans to a Loan Party, or (iv) of the Loan Parties or any Subsidiary to create, incur, assume or suffer to exist Liens on property of such Person in favor of the Agent; provided,
however, that this clause (iv) shall not prohibit any negative pledge incurred or provided in favor of any holder of Indebtedness permitted under clauses (c) or (d) of the definition of Permitted Indebtedness solely to the
extent any such negative pledge relates to the property financed by or the subject of such Indebtedness; (b) customary anti-assignment provisions in contracts restricting the assignment thereof or in contracts for the Disposition of any assets
or any Subsidiary provided that the restrictions in any such contract shall apply only to the assets or Subsidiary that is to be Disposed of; or (c) requires the grant of a Lien to secure an obligation of such Person if a Lien is granted to
secure another obligation of such Person unless such Lien is a Permitted Encumbrance. 
 7.11 Use of Proceeds. Use the proceeds of any
Credit Extension, whether directly or knowing, indirectly, (a) to purchase or carry margin stock (within the meaning of Regulation U of the FRB) or to extend credit to others for the purpose of purchasing or carrying margin stock or to refund
Indebtedness originally incurred for such purpose, or (b) for any purposes other than (i) the acquisition of working capital assets in the ordinary course of business, (ii) to finance Capital Expenditures, Permitted Investments and
Restricted Payments of the Loan Parties, and (iii) for general corporate purposes, in each case to the extent not prohibited by applicable Law or the Loan Documents. 

7.12 Amendment of Material Documents. 

Amend, modify or change (a) in any manner materially adverse to the interests of the Lenders, as determined in good faith by the Lead Borrower (on the basis of such proposed amendments, modifications or changes taken as a whole), any
term or condition of any Junior Indebtedness that is Material Indebtedness (other than (i) the Intercompany Subordinated Indebtedness[reserved] or (ii) as a result of any Refinancing Indebtedness in
respect thereof) without the consent of the Agent (which consent shall not be unreasonably withheld or delayed); provided, however, that no amendment, modification or change of any term or condition of any such Junior Indebtedness
permitted by any subordination provisions set forth in the applicable Junior Indebtedness or any other stand-alone subordination agreement in respect thereof and, in each case consented to by the Agent shall be deemed to be materially adverse to the
interests of the Lenders, or (b) the Intercompany Subordinated Indebtedness, to the extent that such amendment, modification or waiver is materially
adverse to the Credit Parties. 

  
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	7.13	 Fiscal Year; Accounting Changes. 

Change the Fiscal Year of any Loan Party without the prior written consent of the Agent, or change in any material respect the accounting
policies or reporting practices of the Loan Parties (it being agreed that any change that materially affects the calculation of the Cost of Eligible Inventory included in the Borrowing Base or the calculation of the Consolidated Fixed Charge
Coverage Ratio is such a change), except as required by GAAP and except that the Loan Parties may change their inventory valuation methods from the retail valuation method to the cost method of valuation of Inventory, provided that
(i) the Loan Parties shall have provided the Agent with at least ten (10) days’ prior written notice of such change in method, and (ii) the Agent may, in its Permitted Discretion and at the Loan Parties’ expense, undertake
an appraisal of the Loan Parties’ inventory after giving effect to the implementation of the cost method of valuation, as provided in the last sentence of Section 6.10(c). 

7.14 Deposit Accounts; Credit Card Processors. 

Open new DDAs with a Blocked Account Bank (other than any Excluded Accounts and any disbursement accounts designated by the Lead Borrower and
used solely for such purpose) or enter into any agreements with Credit Card Issuers or Credit Card Processors unless the Loan Parties shall have delivered to the Agent appropriate Blocked Account Agreements or Credit Card Notifications, as
applicable, consistent with the provisions of Section 6.12 and otherwise satisfactory to the Agent. 
 Without the consent of the
Agent (not to be unreasonably withheld or delayed), no Loan Party shall maintain any bank accounts with any Blocked Account Bank (other than any Excluded Accounts and any disbursement accounts designated by the Lead Borrower and used solely for such
purpose) or enter into any agreements with Credit Card Issuers or Credit Card Processors other than the ones expressly contemplated herein or in Section 6.12 hereof. 

7.15 Consolidated Fixed Charge Coverage Ratio. 

During the continuance of a Covenant Compliance Event, permit the Consolidated Fixed Charge Coverage Ratio, calculated as of the last day of
each Fiscal Quarter (commencing with the Fiscal Quarter immediately prior to the date that the Covenant Compliance Event occurs) for the Measurement Period then ended, to be less than 1.00:1.00. 

ARTICLE VIII 
 EVENTS OF
DEFAULT AND REMEDIES 
 8.01 Events of Default. Any of the following shall constitute an “Event of Default”: 

(a) Non-Payment. The Borrowers or any other Loan Party fails to pay when and as required to be paid herein, (i) any
amount of principal on any Loan or any L/C Obligation, or deposit any funds as Cash Collateral in respect of L/C Obligations, (ii) any interest on any Loan or on any L/C Obligation, or any fee due hereunder within three (3) Business Days
after the same becomes due, or (iii) any other amount (excluding Other Liabilities) payable hereunder or under any other Loan Document within five (5) Business Days after the due date thereof; or 

  
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 (b) Specific Covenants. Any Loan Party fails to perform or observe any term, covenant
or agreement contained in any of Section 6.02(c) (after a three (3) Business Day grace period when required to be delivered monthly and two (2) Business Day grace period when required to be delivered weekly; provided that
during such grace period the Borrowers shall not be permitted to make any Borrowings under this Agreement), 6.03(a), 6.05(a) (solely with respect to the Lead Borrower, other than in a transaction permitted under Section 7.04 or 7.05),
6.12 (during the continuance of a Cash Dominion Event, but otherwise subject to a three (3) Business Day grace period to the extent that such default is capable of being cured), Article VII (other than Section 7.15) or the Borrowers
fail to perform or observe the covenant contained in Section 7.15; provided that an Event of Default pursuant to Section 7.15 shall not occur until the expiration of the Cure Deadline without the consummation of the
Cure Right; or 
 (c) Other Defaults. Any Loan Party fails to perform or observe any other covenant or agreement (not specified in
subsection (a), or (b) above) contained in any Loan Document on its part to be performed or observed and such failure continues for thirty (30) days, in each case, following receipt by the Lead Borrower of written notice from
the Agent or the Required Lenders of any such failure; or 
 (d) Representations and Warranties. Any representation, warranty,
certification or statement of fact made or deemed made by or on behalf of any Loan Party herein, in any other Loan Document, or in any document delivered in connection herewith or therewith (including, without limitation, any Borrowing Base
Certificate) shall be incorrect or misleading in any material respect when made or deemed made (or, if qualified by materiality in the text thereof, in any respect when made or deemed made); or 

(e) Cross-Default. Any Loan Party or any Restricted Subsidiary thereof (A) fails to make any payment when due (whether by scheduled
maturity, required prepayment, acceleration, demand, or otherwise) in respect of any Material Indebtedness, or (B) fails to observe or perform any other agreement or condition relating to any such Material Indebtedness or contained in any
instrument or agreement evidencing, securing or relating thereto, or any other event occurs, the effect of which default or other event is to cause, or to permit the holder or holders of such Material Indebtedness or the beneficiary or beneficiaries
of any Guarantee thereof (or a trustee or agent on behalf of such holder or holders or beneficiary or beneficiaries) to cause, with the giving of notice if required, such Indebtedness to be demanded or to become due or to be repurchased, prepaid,
defeased or redeemed (automatically or otherwise), or an offer to repurchase, prepay, defease or redeem such Indebtedness to be made, prior to its stated maturity or such Guarantee to become payable or cash collateral in respect thereof to be
demanded; provided, that, in the case of clause (B), a default under the Financial Covenants (as defined in the Term Loan Credit Agreement) in the Term Loan Credit Agreement shall not constitute a Default or Event of Default under this Agreement
unless and until the earlier of (x) sixty (60) days after such default under the Term Loan Credit Agreement or (y) the lenders under the Term Loan Credit Agreement shall have accelerated the Term Loan Obligations and such acceleration
shall not have been rescinded, or 
 (f) Insolvency Proceedings, Etc. Any Loan Party or any of its Restricted Subsidiaries institutes
or consents to the institution of any proceeding under any Debtor Relief Law, or makes an assignment for the benefit of creditors; or applies for or consents to the appointment of any receiver, trustee, custodian, conservator, liquidator,
rehabilitator or similar officer for it or for all or any material part of its property; or a proceeding shall be commenced or a petition filed, without the application or consent of such Person, seeking or requesting the

  
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appointment of any receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar officer is appointed and the appointment continues undischarged, undismissed or unstayed for
sixty (60) calendar days or an order or decree approving or ordering any of the foregoing shall be entered; or any proceeding under any Debtor Relief Law relating to any such Person or to all or any material part of its property is instituted
without the consent of such Person and continues undismissed or unstayed for sixty (60) calendar days, or an order for relief is entered in any such proceeding; or 

(g) Inability to Pay Debts; Attachment. (i) Any Loan Party or any Restricted Subsidiary thereof becomes unable or admits in writing
its inability or fails generally to pay its debts as they become due in the ordinary course of business, or (ii) any writ or warrant of attachment or execution or similar process is issued or levied against all or any material part of the
property of any such Person and is not released, vacated or fully bonded within forty-five (45) days after its issuance or levy; or 
 (h)
Judgments. There is entered against any Loan Party or any Restricted Subsidiary thereof (i) one or more final judgments or orders for the payment of money in an aggregate amount (as to all such final judgments and orders) exceeding
$10,000,000 (to the extent not covered by independent third-party insurance as to which the insurer is rated at least “A” by A.M. Best Company, has been notified of the potential claim and does not dispute coverage), or (ii) any one
or more non-monetary judgments that have, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect and, in either case, (A) enforcement proceedings are commenced by any creditor upon such judgment or
order, or (B) such judgment is not, within thirty (30) days after the entry thereof, satisfied, vacated, discharged or execution thereof stayed or bonded pending appeal; or 

(i) ERISA. (i) An ERISA Event occurs with respect to a Pension Plan or Multiemployer Plan which results or could reasonably be
expected to result in liability of any Loan Party under Title IV of ERISA to the Pension Plan, Multiemployer Plan or the PBGC and which could reasonably likely result in a Material Adverse Effect, or (ii) a Loan Party or any ERISA Affiliate
fails to pay when due, after the expiration of any applicable grace period, any installment payment with respect to its withdrawal liability under Section 4201 of ERISA under a Multiemployer Plan, which could reasonably likely result in a
Material Adverse Effect; or 
 (j) Invalidity of Loan Documents. (i) Any provision of any Loan Document, at any time after its
execution and delivery and for any reason (other than as expressly permitted hereunder or thereunder or satisfaction in full of all the Obligations), ceases to be in full force and effect; or any Loan Party or any Restricted Subsidiary thereof
contests in writing in any manner the validity or enforceability of any material provision of any Loan Document; or any Loan Party or any Restricted Subsidiary thereof denies in writing that it has any or further liability or obligation under any
material provision of any Loan Document, or purports to revoke, terminate or rescind any provision of any Loan Document or seeks to avoid, limit or otherwise adversely affect any Lien purported to be created under any Security Document; or
(ii) any Lien purported to be created under any Security Document shall cease to be, or shall be asserted in writing by any Loan Party or any Restricted Subsidiary thereof not to be, a valid and perfected Lien on any material portion of the
Collateral (to the extent required by the Security Documents and this Agreement) perfected Lien on any Collateral (other than an immaterial portion of the Collateral), with the priority required by the applicable Security Document (subject to
Permitted Encumbrances); or 

  
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 (k) Change of Control. There occurs any Change of Control; or 

(l) [Reserved]; 

(m) Loss of Collateral. There occurs any uninsured loss to any of the Collateral, which loss could reasonably be
expected to have a Material Adverse Effect; or 
 (n) [Reserved]; 

(o) Guaranty. The termination, revocation or attempted termination or revocation in writing by any Loan Party of any
Facility Guaranty except as expressly permitted hereunder or under any other Loan Document; or 
 (p) Subordination.
(i) The subordination or intercreditor provisions of the documents evidencing or governing any Subordinated Indebtedness (the “Subordination Provisions”) shall, in whole or in part, terminate, cease to be effective or cease to be
legally valid, binding and enforceable against any holder of the applicable Subordinated Indebtedness; or (ii) any Borrower or any other Loan Party shall, directly or indirectly, disavow or contest in writing in any manner (A) the
effectiveness, validity or enforceability of any of the Subordination Provisions, (B) that the Subordination Provisions exist for the benefit of the Credit Parties, or (C) that all payments of principal of or premium and interest on the
applicable Subordinated Indebtedness, or realized from the liquidation of any property of any Loan Party, shall be subject to any of the Subordination Provisions. 

8.02 Remedies Upon Event of Default. If any Event of Default occurs and is continuing, the Agent may, or, (i) at any time that
there are only two (2) Lenders and a Specified Event of Default exists, at the request of any Lender (so long as such Lender is a Lender as of the Effective Date and maintains a Commitment not less than the Commitment of such Lender as of the
Effective Date), or (ii) in all other circumstances, at the request of the Required Lenders, shall, take any or all of the following actions: 

(a) declare the Commitments of each Lender to make Loans and any obligation of the L/C Issuer to make L/C Credit Extensions to
be terminated, whereupon such Commitments and obligations shall be terminated; 
 (b) declare the unpaid principal amount of
all outstanding Loans, all interest accrued and unpaid thereon, and all other Obligations (excluding Other Liabilities not then due and payable) to be immediately due and payable, without presentment, demand, protest or other notice of any kind, all
of which are hereby expressly waived by the Loan Parties (to the extent permitted by applicable Law); 
 (c) if so requested
by the Required Lenders, require that the Loan Parties Cash Collateralize the L/C Obligations; and 
 (d) whether or not the
maturity of the Obligations shall have been accelerated pursuant hereto, proceed to protect, enforce and exercise all rights and remedies of the Credit Parties under this Agreement, any of the other Loan Documents or Law, including, but not limited
to, by suit in equity, action at law or other appropriate proceeding, whether for the specific performance of any covenant or agreement contained in this Agreement and the other Loan Documents or any instrument pursuant to which the Obligations are
evidenced, and, if such amount shall have become due, by declaration or otherwise, proceed to enforce the payment thereof or any other legal or equitable right of the Credit Parties; 

  
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 provided, however, that upon the occurrence of any Default or Event of Default with respect to
any Loan Party or any Restricted Subsidiary thereof under Section 8.01(f), the obligation of each Lender to make Loans and any obligation of the L/C Issuer to make L/C Credit Extensions shall automatically terminate, the unpaid principal
amount of all outstanding Loans, all interest accrued thereon and all other Obligations shall automatically become due and payable, and the obligation of the Loan Parties to Cash Collateralize the L/C Obligations as aforesaid shall automatically
become effective, in each case without further act of the Agent or any Lender. 
 No remedy herein is intended to be exclusive of any other
remedy and each and every remedy shall be cumulative and shall be in addition to every other remedy given hereunder or now or hereafter existing at law or in equity or by statute or any other provision of Law. 

8.03 Application of Funds. After the exercise of remedies provided for in Section 8.02 (or after the Obligations have
automatically become immediately due and payable and the L/C Obligations have automatically been required to be Cash Collateralized as set forth in the proviso to Section 8.02), any amounts received from any Loan Party, from the
liquidation of any Collateral, or on account of the Obligations shall, subject to the provisions of Section 2.16, be applied by the Agent in the following order: 

First, to payment of that portion of the Obligations (excluding the Other Liabilities) constituting fees, indemnities
(including indemnities due under Section 10.03 hereof), Credit Party Expenses and other amounts (including reasonable and documented fees, charges and disbursements of counsel to the Agent and amounts payable under Article III)
payable to the Agent; 
 Second, to payment of that portion of the Obligations (excluding the Other Liabilities)
constituting indemnities (including indemnities due under Section 10.03 hereof), Credit Party Expenses, and other amounts (other than principal, interest and fees) payable to the Lenders and the L/C Issuer (including Credit Party
Expenses to the respective Lenders and the L/C Issuer and amounts payable under Article III), ratably among them in proportion to the amounts described in this clause Second payable to them; 

Third, to the extent not previously reimbursed by the Lenders, to payment to the Agent of that portion of the
Obligations constituting principal and accrued and unpaid interest on any Permitted Overadvances; 
 Fourth, to the
extent that Swing Line Loans have not been refinanced by a Revolving Loan, payment to the Swing Line Lender of that portion of the Obligations constituting principal and accrued and unpaid interest on the Swing Line Loans; 

Fifth, to payment of that portion of the Obligations constituting accrued and unpaid interest on the Revolving Loans and
L/C Borrowings, and fees (including Letter of Credit Fees and Commitment Fees), ratably among the Lenders and the L/C Issuer in proportion to the respective amounts described in this clause Fifth payable to them; 

  
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 Sixth, to payment of that portion of the Obligations constituting
unpaid principal of the Revolving Loans and L/C Borrowings, ratably among the Lenders and the L/C Issuer in proportion to the respective amounts described in this clause Sixth held by them; 

Seventh, to the Agent for the account of the L/C Issuer, to Cash Collateralize that portion of L/C Obligations comprised
of the aggregate undrawn amount of Letters of Credit; 
 Eighth, to payment of all other Obligations (including
without limitation the cash collateralization of unliquidated indemnification obligations as provided in Section 10.11, but excluding any Other Liabilities), ratably among the Credit Parties in proportion to the respective amounts
described in this clause Eighth held by them; 
 Ninth, to payment of that portion of the Obligations arising
from Cash Management Services, ratably among the Credit Parties in proportion to the respective amounts described in this clause Ninth held by them; 

Tenth, to payment of all other Obligations arising from Bank Products, ratably among the Credit Parties in proportion to
the respective amounts described in this clause Tenth held by them; and 
 Last, the balance, if any, after all
of the Obligations have been indefeasibly paid in full, to the Loan Parties or as otherwise required by Law. 
 Subject to Section 2.03(c),
amounts used to Cash Collateralize the aggregate undrawn amount of Letters of Credit pursuant to clause Seventh above shall be applied to satisfy drawings under such Letters of Credit as they occur. If any amount remains on deposit as Cash
Collateral after all Letters of Credit have either been fully drawn or expired, such remaining amount shall be applied to the other Obligations, if any, in the order set forth above. 

Excluded Swap Obligations with respect to any Loan Party shall not be paid with amounts received from such Loan Party, but appropriate adjustments shall be
made with respect to payments from other Loan Parties to preserve the allocation to Obligations otherwise set forth above in this Section 8.03. 

8.04 Right to Cure. 

(a) Notwithstanding anything to the contrary contained in Section 8.01(b), in the event that the Borrowers fail to comply
with the requirement of the Financial Covenant, Holdings or any other Person designated by the Borrowers shall have the right (1) at any time during the period beginning at the start of the last fiscal quarter of the applicable Measurement
Period and ending on or prior to the tenth (10th) Business Day after the date on which financial statements with respect to the Measurement Period in which such covenant is being measured are
required to be delivered pursuant to Section 6.01 or (2) within ten (10) Business Day after the beginning of a Covenant Compliance Event (such later date, the “Cure Deadline”), to make a direct or indirect equity investment
in the Lead Borrower in cash in the form of common Equity Interests (or any other form reasonably acceptable to the Agent) (the “Cure Right”), and upon the receipt by the Lead Borrower of net cash proceeds pursuant to the exercise of the
Cure Right (the “Cure Amount”), the Financial Covenant shall be recalculated, giving effect to a pro forma increase to Consolidated EBITDA for such Measurement Period in an amount equal to such Cure Amount; provided that such pro forma
adjustment to Consolidated EBITDA shall be given solely for the purpose of determining the existence of a Default or an Event of Default under the Financial Covenant with respect to any Measurement Period that includes the fiscal quarter for which
such Cure Right was exercised and not for any other purpose under any Loan Document. 

  
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 (b) If, after the receipt of the Cure Amounts and the recalculations
pursuant to clause (2) above, the Borrowers shall then be in compliance with the requirements of the Financial Covenant during such Measurement Period, the Borrowers shall be deemed to have satisfied the requirements of the Financial Covenant
as of the relevant date of determination with the same effect as though there had been no failure to comply therewith at such date, and the applicable Default that had occurred shall be deemed cured; provided that (i) the Cure Right may
be exercised on no more than five (5) occasions, (ii) in each four fiscal quarter period, there shall be at least two fiscal quarters in respect of which no Cure Right is exercised, (iii) with respect to any exercise of the Cure
Right, the Cure Amount shall be no greater than the amount required to cause the Borrowers to be in pro forma compliance with the Financial Covenant (such amount, the “Necessary Cure Amount”) (provided that if the Cure Right is
exercised prior to the date financial statements are required to be delivered for such fiscal quarter then the Cure Amount shall be equal to the amount reasonably determined by the Lead Borrower in good faith that is required for purposes of
complying with the Financial Covenant for such fiscal quarter (such amount, the “Expected Cure Amount”), (iv) subject to clause (3) below, all Cure Amounts shall be disregarded for purposes of determining any baskets or financial
ratio calculations (other than with respect to the Financial Covenant), with respect to the covenants contained in the Loan Documents and (v) there shall be no pro forma or other reduction in Indebtedness (by netting or otherwise) with the
proceeds of any Cure Amount for determining compliance with the Financial Covenant for the fiscal quarter for which such Cure Amount is deemed applied unless such proceeds are actually applied to prepay Indebtedness. 

(c) Notwithstanding anything herein to the contrary, (A) to the extent that the Expected Cure Amount is (i) greater
than the Necessary Cure Amount, then such difference may be used for the purposes of determining any baskets (other than any previously contributed Cure Amounts), with respect to the covenants contained in the Loan Documents and
(ii) less than the Necessary Cure Amount, then not later than the applicable Cure Deadline, the Lead Borrower must receive a direct or indirect equity investment in cash in the form of common Equity Interests (or other forms reasonably
acceptable to the Agent), which cash proceeds received by Lead Borrower shall be equal to the shortfall between such Expected Cure Amount and such Necessary Cure Amount and (B) prior to the Cure Deadline (x) the Lenders shall not be
permitted to exercise any rights then available as a result of an Event of Default under Section 8.02 on the basis of a breach of the Financial Covenant so as to enable the Borrowers to consummate their Cure Rights as permitted under this
Section 8.04 and (y) the Lenders shall not be required to make any Credit Extension unless and until the Lead Borrower has received the Cure Amount required to cause the Borrowers to be in compliance with the Financial Covenant. 

ARTICLE IX 
 THE AGENT

 9.01 Appointment and Authority. 

Each of the Lenders (in its capacity as a Lender), the Swing Line Lender and the L/C Issuer hereby irrevocably appoints Bank of America to act
on its behalf as the administrative agent and collateral agent hereunder and under the other Loan Documents and authorizes the Agent to take such actions on its behalf and to exercise such powers as are delegated to the Agent by the terms hereof or
thereof (including, without limitation, acquiring, holding and enforcing any and all Liens on Collateral 

  
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granted by any of the Loan Parties to secure any of the Obligations), together with such actions and powers as are reasonably incidental thereto. The provisions of this Article are solely for the
benefit of the Agent and the other Credit Parties, and no Loan Party or any Restricted Subsidiary thereof shall have rights as a third party beneficiary of any of such provisions. It is understood and agreed that the use of the term
“agent” herein or in any other Loan Documents (or any other similar term) with reference to the Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable Law.
Instead such term is used as a matter of market custom, and is intended to create or reflect only an administrative relationship between contracting parties. 

9.02 Rights as a Lender. The Person serving as the 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 Agent and the term “Lender” or “Lenders” shall, unless otherwise expressly indicated or unless the context otherwise requires, include the Person serving as the
Agent hereunder in its individual capacity. Such Person and its Affiliates may accept deposits from, lend money to, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with the Loan Parties
or any Restricted Subsidiary or other Affiliate thereof as if such Person were not the Agent hereunder and without any duty to account therefor to the Lenders. 

9.03 Exculpatory Provisions. The
Agent or any Arranger,
as applicable, shall not have any duties or obligations
except those expressly set forth herein and in the other Loan Documents, and its duties hereunder shall be
administrative in nature. Without limiting the generality of the foregoing, the Agent
or the Arrangers, as applicable: 

(a) shall not be subject to any fiduciary or other implied duties, regardless of whether a Default or Event of Default has
occurred and is continuing; 
 (b) shall not have any duty to take any discretionary action or exercise any discretionary
powers, except discretionary rights and powers expressly contemplated hereby or by the other Loan Documents that the Agent is required to exercise as directed in writing by the Required Lenders (or such other number or percentage of the Lenders as
shall be expressly provided for herein or in the other Loan Documents), provided that the Agent shall not be required to take any action that, in its opinion or the opinion of its counsel, may expose the Agent to liability or that is contrary
to any Loan Document or Law, including for the avoidance of doubt any action that may be in violation of the automatic stay under any Debtor Relief Law or that may effect a forfeiture, modification or termination of property of a Defaulting Lender
in violation of any Debtor Relief Law; and 

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

(d)
 shall not have any duty or responsibility to disclose, and shall not be liable for the failure to disclose,
to any Lender or any L/C Issuer, any credit or other information concerning the business, prospects, operations, property, financial and other condition or creditworthiness of any of the Loan Parties or any of their Affiliates, that is communicated
to, obtained or in the possession of, the Agent, Arranger or any of their Related Parties in any capacity, except for notices, reports and other documents expressly required to be furnished to the Lenders by the Agent herein. 

  
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 The Agent shall not be liable to any Credit Party for any action taken or not taken by it (i) with the
Consent or at the request of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary, or as the Agent shall believe in good faith shall be necessary, under the circumstances as provided in Sections 10.01
and 8.02) or (ii) in the absence of its own gross negligence, bad faith or willful misconduct as determined by a final and non-appealable judgment of a court of competent jurisdiction. 

The Agent shall not be deemed to have knowledge of any Default or Event of Default unless and until notice describing such Default or Event of
Default is given to the Agent by the Loan Parties, a Lender or the L/C Issuer. In the event that the Agent obtains such actual knowledge or receives such a notice, the Agent shall give prompt notice thereof to each of the other Credit Parties. Upon
the occurrence of a Default or an Event of Default, the Agent shall take such action with respect to such Default or Event of Default as shall be reasonably directed by the Applicable Lenders. Unless and until the Agent shall have received such
direction, the Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to any such Default or Event of Default as it shall deem advisable in the best interest of the Credit Parties. In no event
shall the Agent be required to comply with any such directions to the extent that the Agent believes that its compliance with such directions would be unlawful. 

The 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 this Agreement or any other Loan Document, (ii) the contents of any certificate, report or other document delivered hereunder or thereunder or in connection herewith or therewith, (iii) the performance or
observance of any of the covenants, agreements or other terms or conditions set forth herein or therein or the occurrence of any Default or Event of Default, (iv) the validity, enforceability, effectiveness or genuineness of this Agreement, any
other Loan Document or any other agreement, instrument or document or the creation, perfection or priority of any Lien purported to be created by the Security Documents, (v) the value or the sufficiency of any Collateral, or (vi) the
satisfaction of any condition set forth in Article IV or elsewhere herein, other than to confirm receipt of items expressly required to be delivered to the Agent. 

9.04 Reliance by Agent. 

The 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 (including, but not limited to, any electronic message, Internet or intranet website posting or other distribution) believed by it to be genuine and to have been signed, sent or otherwise
authenticated by the proper Person. The Agent also may rely upon any statement made to it orally or by telephone and believed by it to have been made by the proper Person, and shall not incur any liability for relying thereon. In determining
compliance with any condition hereunder to the making of a Loan, or the issuance, extension, renewal or increase of a Letter of Credit, that by its terms must be fulfilled to the satisfaction of a Lender or the L/C Issuer, the Agent may presume that
such condition is satisfactory to such Lender or the L/C Issuer unless the Agent shall have received written notice to the contrary from such Lender or the L/C Issuer prior to the making of such Loan or the issuance of such Letter of Credit. The
Agent may consult with legal counsel (who may be counsel for any Loan Party), 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. 

  
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 9.05 Delegation of Duties. The Agent may perform any and all of its duties and
exercise its rights and powers hereunder or under any other Loan Document by or through any one or more sub-agents appointed by the Agent. The Agent and any such sub-agent may perform any and all of its duties and exercise its rights and powers by
or through their respective Related Parties. The exculpatory provisions of this Article shall apply to any such sub-agent and to the Related Parties of the 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 the Agent. The Agent shall not be responsible for the negligence or misconduct of any sub-agents except to the extent that a court of competent jurisdiction
determines in a final and non-appealable judgment that the Agent acted with gross negligence or willful misconduct in the selection of such sub-agents. 

9.06 Resignation of Agent. The Agent may at any time give written notice of its resignation to the Lenders, the L/C Issuer and the Lead
Borrower. Upon receipt of any such notice of resignation, the Required Lenders (excluding, for purposes of this Section 9.06 only, any Lender who is also the Agent) shall have the right, in consultation with the Lead Borrower, to appoint
a successor, which shall be a bank with an office in the United States, or an Affiliate of any such bank with an office in the United States and which shall, unless an Event of Default has occurred and is continuing at the time of such appointment,
be reasonably acceptable to the Lead Borrower (whose consent shall not be unreasonably withheld or delayed). If no such successor shall have been so appointed by the Required Lenders (and accepted by the Lead Borrower in accordance with the terms
above) and shall have accepted such appointment within thirty (30) days after the retiring Agent gives notice of its resignation, then the retiring Agent may on behalf of the Lenders and the L/C Issuer, appoint a successor Agent meeting the
qualifications set forth above; provided that if the Agent shall notify the Lead Borrower and the Lenders that no qualifying Person has accepted such appointment, then such resignation shall nonetheless become effective in accordance with
such notice and (1) the retiring Agent shall be discharged from its duties and obligations hereunder and under the other Loan Documents (except that in the case of any Collateral held by the Agent on behalf of the Lenders or the L/C Issuer
under any of the Loan Documents, the retiring Agent shall continue to hold such collateral security until such time as a successor Agent is appointed) and (2) all payments, communications and determinations provided to be made by, to or through
the Agent shall instead be made by or to each Lender and the L/C Issuer directly, until such time as the Required Lenders appoint a successor Agent as provided for above in this Section. Upon the acceptance of a successor’s appointment as Agent
hereunder, such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring (or retired) Agent, and the retiring Agent shall be discharged from all of its duties and obligations hereunder or
under the other Loan Documents (if not already discharged therefrom as provided above in this Section). The fees payable by the Borrowers to a successor Agent shall be the same as those payable to its predecessor unless otherwise agreed between the
Lead Borrower and such successor. After the retiring Agent’s resignation hereunder and under the other Loan Documents, the provisions of this Article and Section 10.04 shall continue in effect for the benefit of such retiring 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 the retiring Agent was acting as Agent hereunder. 

9.07 Non-Reliance on Agent and Other Lenders. Each Lender
and
theeach L/C Issuer expressly acknowledges that none of the Agent nor any Arranger has made any representation or warranty to it, and that no act by the Agent or any
Arranger hereafter taken, including any consent to, and acceptance of any assignment or review of the affairs of any Loan Party of any Affiliate thereof, shall be deemed to constitute any representation or warranty by the Agent or any Arranger to
any Lender or each L/C Issuer as to any matter, including whether the Agent or any Arranger have disclosed material information in their (or their Related Parties’) possession. Each Lender and each L/C Issuer represents to the Agent and the
Arrangers that it has, independently and without reliance upon the Agent or, the Arrangers, any other Lender or any of their Related Parties and
based on such documents and information as it has deemed appropriate, made its own credit analysis andof, appraisal of, and investigation into, the business, prospects, operations, property, financial and other condition
and 

  
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creditworthiness of the Loan Parties and their Subsidiaries, and
all applicable bank or other regulatory Laws relating to the transactions contemplated hereby, and made its own decision to enter into this Agreement and to extend credit to the Borrowers hereunder. Each Lender and the
L/C Issuer also acknowledges that it will, independently and without reliance upon the Agent or any other Lender or any of their Related Parties 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 any related agreement or any document furnished hereunder or thereunder, and to make such investigations as it deems necessary to inform itself as to the business, prospects, operations, property,
financial and other condition and creditworthiness of the Loan Parties. Except as provided in Section 9.12, the Agent shall not have any duty or responsibility to provide any Credit
Party with any other credit or other information concerning the affairs, financial condition or business of any Loan Party that may come into the possession of the
Agent. Each Lender and each L/C Issuer represents and warrants that (i) the Loan Documents set forth the
terms of a commercial lending facility and (ii) it is engaged in making, acquiring or holding commercial loans in the ordinary course and is entering into this Agreement as a Lender or L/C Issuer for the purpose of making, acquiring or holding
commercial loans and providing other facilities set forth herein as may be applicable to such Lender or L/C Issuer, and not for the purpose of purchasing, acquiring or holding any other type of financial instrument, and each Lender and each L/C
Issuer agrees not to assert a claim in contravention of the foregoing. Each Lender and each L/C Issuer represents and warrants that it is sophisticated with respect to decisions to make, acquire and/or hold commercial loans and to provide other
facilities set forth herein, as may be applicable to such Lender or such L/C Issuer, and either it, or the Person exercising discretion in making its decision to make, acquire and/or hold such commercial loans or to provide such other facilities, is
experienced in making, acquiring or holding such commercial loans or providing such other facilities. 

9.08 No Other Duties, Etc. Anything herein to the contrary notwithstanding, none of the Bookrunning Manager or Arranger listed on the
cover page hereof shall have any powers, duties or responsibilities under this Agreement or any of the other Loan Documents, except in its capacity as the Agent, a Lender or the L/C Issuer hereunder. 

9.09 Agent May File Proofs of Claim. In case of the pendency of any proceeding under any Debtor Relief Law or any other judicial
proceeding relative to any Loan Party, the Agent (irrespective of whether the principal of any Loan or L/C Obligation shall then be due and payable as herein expressed or by declaration or otherwise and irrespective of whether the Agent shall have
made any demand on the Loan Parties) shall be entitled and empowered, by intervention in such proceeding or otherwise 
 (a)
to file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans, L/C Obligations and all other Obligations that are owing and unpaid and to file such other documents as may be necessary or
advisable in order to have the claims of the Lenders, the L/C Issuer, the Agent and the other Credit Parties (including any claim for the reasonable compensation, expenses, disbursements and advances of the Lenders, the L/C Issuer, the Agent, such
Credit Parties and their respective agents and counsel and all other amounts due the Lenders, the L/C Issuer the Agent and such Credit Parties under Sections 2.03(i), 2.03(j), 2.09 and 10.04) allowed in such judicial proceeding;
and 
 (b) to collect and receive any monies or other property payable or deliverable on any such claims and to distribute
the same; 

  
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 and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any
such judicial proceeding is hereby authorized by each Lender and the L/C Issuer to make such payments to the Agent and, if the Agent shall consent to the making of such payments directly to the Lenders and the L/C Issuer, to pay to the Agent any
amount due for the reasonable compensation, expenses, disbursements and advances of the Agent and its agents and counsel, and any other amounts due the Agent under Sections 2.09 and 10.04. 

Nothing contained herein shall be deemed to authorize the Agent to authorize or consent to or accept or adopt on behalf of any Credit Party
any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any Credit Party or to authorize the Agent to vote in respect of the claim of any Credit Party in any such proceeding. 

9.10 Collateral and Guaranty Matters. The Credit Parties irrevocably authorize the Agent, at its option and in its discretion, 

(a) to release any Lien on any property granted to or held by the Agent under any Loan Document (i) upon termination of
the Aggregate Commitments and payment in full of all Obligations (other than contingent indemnification obligations for which no claim has been asserted and for Obligations collateralized pursuant to Section 10.11) and the expiration,
termination or Cash Collateralization of all Letters of Credit (except to the extent fully Cash Collateralized or supported by another letter of credit in a manner reasonably satisfactory to the L/C Issuer and the Agent), (ii) that is Disposed
of or to be Disposed of as part of or in connection with any Disposition permitted hereunder, or (iii) if approved, authorized or ratified in writing by the Applicable Lenders in accordance with Section 10.01; 

(b) to release any Lien on any Equity Interests of any Subsidiary of the Lead Borrower granted to or held by the Agent under
the Security Agreement in the event that Rule 3-16 of Regulation S-X under applicable Securities Laws is amended, modified or interpreted by the SEC to require (or is replaced with another rule or regulation or any other law, rule or regulation is
adopted, which would require) the filing with the SEC (or any other Governmental AgencyAuthority) of separate financial statements of such Subsidiary due to
the fact that such Subsidiary’s Equity Interests secure the Obligations, but only for so long as, and only to the extent, necessary to not be subject to such requirement; 

(c) to subordinate any Lien on any property granted to or held by the Agent under any Loan Document to the holder of any Lien
on such property that is permitted by clause (h) of the definition of Permitted Encumbrances; and 
 (d) to release any
Guarantor from its obligations under any Facility Guaranty and each other applicable Loan Document if such Person ceases to be a Subsidiary as a result of a transaction permitted hereunder. 

Upon request by the Agent at any time, the Applicable Lenders will confirm in writing the Agent’s authority to release or subordinate its interest in
particular types or items of property, or to release any Guarantor from its obligations under the Facility Guaranty and each other applicable Loan Document pursuant to this Section 9.10. In each case as specified in this
Section 9.10, the Agent will, at the Loan Parties’ expense, execute and deliver to the applicable Loan Party such documents as such Loan Party may reasonably request to evidence the release of such item of Collateral from the
assignment and Lien granted under the Security Documents or to subordinate its interest in such item, or to release such Guarantor from its obligations under the Facility Guaranty, in each case in accordance with the terms of the Loan Documents and
this Section 9.10. 

  
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 9.11 Notice of Transfer. 

The Agent may deem and treat a Lender party to this Agreement as the owner of such Lender’s portion of the Obligations for all purposes,
unless and until, and except to the extent, an Assignment and Acceptance shall have become effective as set forth in Section 10.06. 

9.12 Reports and Financial Statements. 

By signing this Agreement, each Lender: 

(a) agrees to furnish the Agent, at such frequency as the Agent may reasonably request, with a summary of all Other Liabilities
due or to become due to such Lender. In connection with any distributions to be made hereunder, the Agent shall be entitled to assume that no amounts are due to any Lender on account of Other Liabilities unless the Agent has received written notice
thereof from such Lender and if such notice is received, the Agent shall be entitled to assume that the only amounts due to such Lender on account of Other Liabilities is the amount set forth in such notice; 

(b) is deemed to have requested that the Agent furnish, and the Agent agrees to furnish, such Lender, promptly after they
become available, copies of all Borrowing Base Certificates and financial statements required to be delivered by the Lead Borrower hereunder 

(c) is deemed to have requested that the Agent furnish, and the Agent agrees to furnish, such Lender, promptly after they
become available, copies of all commercial finance examinations and appraisals of the Collateral received by the Agent (collectively, the “Reports”); 

(d) expressly agrees and acknowledges that the Agent makes no representation or warranty as to the accuracy of the Borrowing
Base Certificates, financial statements or Reports, and shall not be liable for any information contained in any Borrowing Base Certificate, financial statement or Report; 

(e) expressly agrees and acknowledges that the Reports are not comprehensive audits or examinations, that the Agent or any
other party performing any audit or examination will inspect only specific information regarding the Loan Parties and will rely significantly upon the Loan Parties’ books and records, as well as on representations of the Loan Parties’
personnel; 
 (f) agrees to keep all Borrowing Base Certificates, financial statements and Reports confidential in accordance
with the provisions of Section 10.07 hereof; and 
 (g) without limiting the generality of any other
indemnification provision contained in this Agreement, agrees: (i) to hold the Agent and any such other Lender preparing a Report harmless from any action the indemnifying Lender may take or conclusion the indemnifying Lender may reach or draw
from any Report in connection with any Credit Extensions that the indemnifying Lender has made or may make to the Borrowers, or the indemnifying Lender’s participation in, or the indemnifying Lender’s purchase of, a Loan or Loans; and
(ii) to pay and protect, and indemnify, defend, and hold the Agent and any such other Lender preparing a Report harmless from and against, the claims, actions, proceedings, damages, costs, expenses, and other amounts (including attorney costs)
incurred by the Agent and any such other Lender preparing a Report as the direct or indirect result of any third parties who might obtain all or part of any Report through the indemnifying Lender. 

  
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 9.13 Agency for Perfection. 

Each Credit Party hereby appoints each other Credit Party as agent for the purpose of perfecting Liens for the benefit of the Credit Parties,
in assets which, in accordance with Article 9 of the UCC or any other Law of the United States can be perfected only by possession or control. Should any Credit Party (other than the Agent) obtain possession or control of any such Collateral, such
Credit Party shall notify the Agent thereof, and, promptly upon the Agent’s request therefor shall deliver such Collateral to the Agent or otherwise deal with such Collateral in accordance with the Agent’s instructions. 

9.14 Indemnification of Agent. Without limiting the obligations of Loan Parties hereunder, the Lenders shall indemnify the Agent, any
sub-agent thereof, the Swing Line Lender, the L/C Issuer and any Related Party, as the case may be ratably according to their Applicable Percentages, from and against any and all liabilities, obligations, losses, damages, penalties, actions,
judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever that may be imposed on, incurred by, or asserted against the Agent, any sub-agent thereof, the Swing Line Lender, the L/C Issuer and their Related Parties in any way
relating to or arising out of this Agreement or any other Loan Document or any action taken or omitted to be taken by the Agent, any sub-agent thereof, the Swing Line Lender, the L/C Issuer and their Related Parties in connection therewith;
provided, that no Lender shall be liable for any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting from the Agent’s, any sub-agent’s, the
Swing Line Lender’s, the L/C Issuer’s and their Related Parties’ bad faith, gross negligence or willful misconduct as determined by a final and non-appealable judgment of a court of competent jurisdiction. 

9.15 Relation among Lenders. The Lenders are not partners or co-venturers, and no Lender shall be liable for the acts or omissions of,
or (except as otherwise set forth herein in case of the Agent) authorized to act for, any other Lender. 
 9.16 Recovery of Erroneous Payments. Without limitation of any other provision in this Agreement, if at any time the Agent makes a
payment hereunder in error to any Lender or any other Credit Party, whether or not in respect of an Obligation due and owing by the Borrower at such time, where such payment is a Rescindable Amount, then in any such event, each Credit Party
receiving a Rescindable Amount severally agrees to repay to the Agent forthwith on demand the Rescindable Amount received by such Credit Party in immediately available funds in the currency so received, with interest thereon, for each day from and
including the date such Rescindable Amount is received by it to but excluding the date of payment to the Agent, at the greater of the Federal Funds Rate and a rate determined by the Agent in accordance with banking industry rules on interbank
compensation. Each Credit Party irrevocably waives any and all defenses, including any “discharge for value” (under which a creditor might otherwise claim a right to retain funds mistakenly paid by a third party in respect of a debt owed
by another) or similar defense to its obligation to return any Rescindable Amount. The Agent shall inform each Credit Party promptly upon determining that any payment made to such Credit Party comprised, in whole or in part, a Rescindable Amount.
Notwithstanding anything to the contrary herein or in any other Loan Document, the provisions of this paragraph are solely agreements among the Credit Parties and the Agent and shall not impose any obligations on the Borrowers or the other Loan
Parties. 

  
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 ARTICLE X 

MISCELLANEOUS 
 10.01
Amendments, Etc. 
 (a)
NoSubject to
Section 3.03(c) and except as otherwise set forth in this Agreement, no amendment or waiver of any provision of this Agreement or any other Loan Document, and no Consent to any departure by
any Loan Party therefrom, shall be effective unless in writing signed by the Agent, with the Consent of the Required Lenders, and the Lead Borrower or the applicable Loan Party, as the case may be, and each such waiver or Consent shall be effective
only in the specific instance and for the specific purpose for which given; provided, however, that no such amendment, waiver or consent shall: 

(i) increase the Commitment of any Lender (or reinstate any Commitment terminated pursuant to Section 8.02) without
the written Consent of such Lender; 
 (ii) postpone any date fixed by this Agreement or any other Loan Document for
(i) any scheduled payment (including the Maturity Date) or mandatory prepayment of principal, interest, fees or other amounts due hereunder or under any of the other Loan Documents without the written Consent of each Lender directly and
adversely affected thereby, or (ii) any scheduled or mandatory reduction or termination of the Aggregate Commitments hereunder or under any other Loan Document, without the written Consent of each Lender directly and adversely affected thereby;

 (iii) reduce the principal of, or the rate of interest specified herein on, any Loan or L/C Borrowing, or (subject to
clause (iv) of the second proviso to this Section 10.01) any fees or other amounts payable hereunder or under any other Loan Document to or for the account of any Lender, without the written Consent of each Lender directly and
adversely affected thereby; provided, however, that only the Consent of the Required Lenders shall be necessary to amend the definition of “Default Rate” or to waive any obligation of the Borrowers to pay interest or Letter
of Credit Fees at the Default Rate; 
 (iv) change Section 2.13 or Section 8.03 in a manner that
would alter the pro rata sharing of payments required thereby without the written Consent of each Lender; 
 (v) change any
provision of this Section or the definition of “Required Lenders” or any other provision hereof or of any Loan Document specifying the number or percentage of Lenders required to amend, waive or otherwise modify any rights hereunder or
under any other Loan Document or make any determination or grant any consent hereunder or thereunder, without the written Consent of each Lender; 

(vi) except as expressly permitted hereunder or under any other Loan Document, release, or limit the liability of, any Loan
Party without the written Consent of each Lender; 
 (vii) except for Permitted Dispositions or as provided in
Section 9.10, release all or substantially all of the Collateral from the Liens of the Security Documents without the written Consent of each Lender; 

  
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 (viii) change the definition of the term “Borrowing Base” (or any
component definition thereof, including, without limitation, advance rates, eligible asset classes and eligibility criteria), “Reserves,” “Availability Reserves,” or “Inventory Reserves” if, in any case, as a result
thereof, the amounts available to be borrowed by the Borrowers would be increased without the written Consent of each Lender, provided that the foregoing shall not limit the Permitted Discretion of the Agent to change, establish or eliminate
any Reserves or eligibility criteria as provided herein; 
 (ix) modify the definition of the term “Permitted
Overadvance” so as to increase the amount thereof or, except as otherwise provided in such definition, the time period for which a Permitted Overadvance may remain outstanding without the written Consent of each Lender; and 

(x) except as expressly permitted herein or in any other Loan Document, subordinate the Obligations hereunder or under the
other Loan Documents to any other Indebtedness without the written Consent of each Lender; 
 and, provided further, that (i) no amendment,
waiver or Consent shall, unless in writing and signed by the L/C Issuer in addition to the Lenders required above, affect the rights or duties of the L/C Issuer under this Agreement or any Issuer Document relating to any Letter of Credit issued or
to be issued by it; (ii) no amendment, waiver or Consent shall, unless in writing and signed by the Swing Line Lender in addition to the Lenders required above, affect the rights or duties of the Swing Line Lender under this Agreement; (iii) no
amendment, waiver or Consent shall, unless in writing and signed by the Agent in addition to the Lenders required above, affect the rights or duties of any Agent under this Agreement or any other Loan Document; and (iv) the Fee LetterLetters may be amended, or rights or privileges thereunder waived, in a writing executed only by the parties thereto. 

Notwithstanding anything to the contrary herein, no Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or consent hereunder
(and any amendment, waiver or consent which by its terms requires the consent of all Lenders or each affected Lender may be effected with the consent of the applicable Lenders other than Defaulting Lenders), except that (x) any Commitment of
any Defaulting Lender may not be increased or extended without the consent of such Defaulting Lender and (y) any waiver, amendment or modification requiring the consent of all Lenders or each affected Lender that by its terms affects any Defaulting
Lender disproportionately adversely relative to other affected Lenders shall require the consent of such Defaulting Lender. 

(b) Notwithstanding anything to the contrary in this Agreement or any other Loan Document, (x) no provider or holder of
any Bank Products or Cash Management Services shall have any voting or approval rights hereunder (or be deemed a Lender) solely by virtue of its status as the provider or holder of such agreements or products or the Obligations owing thereunder, nor
shall the consent of any such provider or holder be required (other than in their capacities as Lenders, to the extent applicable) for any matter hereunder or under any of the other Loan Documents, including as to any matter relating to the
Collateral or the release of Collateral or any Loan Party, and (y) any Loan Document may be amended and waived with the consent of the Agent at the request of the Lead Borrower without the need to obtain the consent of any other Lender if such
amendment or waiver is delivered in order (i) to comply with local Law or advice of local counsel, (ii) to cure ambiguities or defects or (iii) to cause any Loan Document to be consistent with this Agreement and the other Loan
Documents. 

  
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 (c) If any Lender (other than the Agent) does not Consent (a
“Non-Consenting Lender”) to a proposed amendment, waiver, consent or release with respect to any Loan Document that requires the Consent of each Lender or each affected Lender and that has been approved by the Required Lenders, the Lead
Borrower may replace such Non-Consenting Lender in accordance with Section 10.13; provided that such amendment, waiver, consent or release can be effected as a result of the assignment contemplated by such Section (together with
all other such assignments required by the Lead Borrower to be made pursuant to this paragraph). 
 10.02 Notices; Effectiveness;
Electronic Communications. 
 (a) Notices Generally. Except in the case of notices and other communications expressly permitted to
be given by telephone (and, with respect to electronic communications, except as provided in subsection (b) below), 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 telecopier as follows, and all notices and other communications expressly permitted hereunder to be given by telephone shall be made to the applicable telephone number, as follows: 

(i) if to the Loan Parties, the Agent, the L/C Issuer or the Swing Line Lender, to the address, telecopier number, electronic
mail address or telephone number specified for such Person on Schedule 10.02; and 
 (ii) if to any other Lender, to
the address, telecopier number, electronic mail address or telephone number specified in its Administrative Questionnaire. 
 Notices and other
communications sent by hand or overnight courier service, or mailed by certified or registered mail, shall be deemed to have been given when received; notices and other communications sent by facsimile shall be deemed to have been given when sent
(except that, if not given during normal business hours for the recipient, shall be deemed to have been given at the opening of business on the next Business Day for the recipient). Notices and other communications delivered through electronic
communications to the extent provided in subsection (b) below, shall be effective as provided in such subsection (b). 
 (b)
Electronic Communications. Notices and other communications to the Lenders and the L/C Issuer hereunder may be delivered or furnished by electronic communication (including e-mail and Internet or intranet websites) pursuant to procedures
approved by the Agent, provided that the foregoing shall not apply to notices to any Lender or the L/C Issuer pursuant to Article II if such Lender or the L/C Issuer, as applicable, has notified the Agent that it is incapable of
receiving notices under such Article by electronic communication. The Agent or the Lead Borrower may, in its discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by
it, provided that approval of such procedures may be limited to particular notices or communications. 
 Unless the Agent otherwise
prescribes, (i) notices and other communications sent to an e-mail address shall be deemed received upon the sender’s receipt of an acknowledgement from the intended recipient (such as by the “return receipt requested” function,
as available, return e-mail or other written acknowledgement), and (ii) notices or communications posted to an Internet or intranet website shall be deemed received upon the deemed receipt by the intended recipient at its e-mail address as
described in the foregoing clause (i) of notification that such notice or communication is available and identifying the website address therefor; provided that, for both clauses (i) and (ii), if such notice, email or other communication
is not sent during the normal business hours of the recipient, such notice, email or communication shall be deemed to have been sent at the opening of business on the next business day for the recipient. 

  
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 (c) The Platform. THE PLATFORM IS PROVIDED “AS IS” AND “AS
AVAILABLE.” THE AGENT PARTIES (AS DEFINED BELOW) DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE BORROWER MATERIALS OR THE ADEQUACY OF THE PLATFORM, AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS IN OR OMISSIONS FROM THE BORROWER MATERIALS. NO
WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY ANY AGENT PARTY IN
CONNECTION WITH THE BORROWER MATERIALS OR THE PLATFORM. In no event shall the Agent or any of its Related Parties (collectively, the “Agent Parties”) have any liability to any Loan Party, any Lender, the L/C Issuer or any other
Person for losses, claims, damages, liabilities or expenses of any kind (whether in tort, contract or otherwise) arising out of the Loan Parties’ or the Agent’s transmission of Borrower Materials through the Internet , except to the extent
that such losses, claims, damages, liabilities or expenses are determined by a court of competent jurisdiction by a final and non-appealable judgment to have resulted from the gross negligence, bad faith or willful misconduct of such Agent Party;
provided, however, that in no event shall any Agent Party have any liability to any Loan Party, any Lender, the L/C Issuer or any other Person for indirect, special, incidental, consequential or punitive damages (as opposed to direct or actual
damages). 
 (d) Change of Address, Etc. Each of the Loan Parties, the Agent, the L/C Issuer and the Swing Line Lender may change its
address, telecopier or telephone number for notices and other communications hereunder by notice to the other parties hereto. Each other Lender may change its address, telecopier or telephone number for notices and other communications hereunder by
notice to the Lead Borrower, the Agent, the L/C Issuer and the Swing Line Lender. In addition, each Lender agrees to notify the Agent from time to time to ensure that the Agent has on record (i) an effective address, contact name, telephone
number, telecopier number and electronic mail address to which notices and other communications may be sent and (ii) accurate wire instructions for such Lender. Furthermore, each Public Lender agrees to cause at least one individual at or on
behalf of such Public Lender to at all times have selected the “Private Side Information” or similar designation on the content declaration screen of the Platform in order to enable such Public Lender or its delegate, in accordance with
such Public Lender’s compliance procedures and applicable Law, including United States Federal and state securities Laws, to make reference to Borrower Materials that are not made available through the “Public Side Information”
portion of the Platform and that may contain material non-public information with respect to the Borrowers or their securities for purposes of United States Federal or state securities laws. 

(e) Reliance by Agent, L/C Issuer and Lenders. The Agent, the L/C Issuer and the Lenders shall be entitled to rely and act upon any
notices (including telephonic Revolving Loan Notices and Swing Line Loan Notices) purportedly given by or on behalf of the Loan Parties even if (i) such notices were not made in a manner specified herein, were incomplete or were not preceded or
followed by any other form of notice specified herein, or (ii) the terms thereof, as understood by the recipient, varied from any confirmation thereof. The Loan Parties shall indemnify the Agent, the L/C Issuer, each Lender and the Related
Parties of each of them from all losses, costs, expenses and liabilities resulting from the reliance by such Person on each notice purportedly given by or on behalf of the Loan Parties, except to the extent such losses, costs, expenses or
liabilities are determined by a court of competent jurisdiction by a final and non-appealable judgment to have resulted from the gross negligence, bad faith or willful misconduct of such Person. All telephonic notices to and other telephonic
communications with the Agent may be recorded by the Agent, and each of the parties hereto hereby consents to such recording. 

  
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 10.03 No Waiver; Cumulative Remedies. No failure by any Credit Party to exercise, and
no delay by any such Person in exercising, any right, remedy, power or privilege hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder or under any other Loan
Document preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges provided herein and in the other Loan Documents are cumulative and not exclusive of
any rights, remedies, powers and privileges provided by law. Without limiting the generality of the foregoing, the making of a Loan or issuance of a Letter of Credit shall not be construed as a waiver of any Default or Event of Default, regardless
of whether any Credit Party may have had notice or knowledge of such Default or Event of Default at the time. 
 Notwithstanding anything to
the contrary contained herein or in any other Loan Document, the authority to enforce rights and remedies hereunder and under the other Loan Documents against the Loan Parties or any of them shall be vested exclusively in, and all actions and
proceedings at Law in connection with such enforcement shall be instituted and maintained exclusively by, the Agent in accordance with Section 8.02 for the benefit of all the Lenders and the L/C Issuer; provided, however,
that the foregoing shall not prohibit (a) the Agent from exercising on its own behalf the rights and remedies that inure to its benefit (solely in its capacity as Agent) hereunder and under the other Loan Documents, (b) the L/C Issuer or
the Swing Line Lender from exercising the rights and remedies that inure to its benefit (solely in its capacity as L/C Issuer or Swing Line Lender, as the case may be) hereunder and under the other Loan Documents, or (c) any Lender from
exercising setoff rights in accordance with Section 10.08 (subject to the terms of Section 2.13); and provided, further, that if at any time there is no Person acting as Agent hereunder and under the other Loan
Documents, then (i) the Required Lenders shall have the rights otherwise ascribed to the Agent pursuant to Section 8.02 and (ii) in addition to the matters set forth in clauses (b) and (c) of the
preceding proviso and subject to Section 2.13, any Lender may, with the consent of the Required Lenders, enforce any rights and remedies available to it and as authorized by the Required Lenders. 

10.04 Expenses; Indemnity; Damage Waiver. 

(a) Costs and Expenses. The Borrowers shall pay all Credit Party Expenses. 

(b) Indemnification by the Loan Parties. The Loan Parties shall indemnify the Agent (and any sub-agent thereof), each other Credit
Party, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless (on an after tax basis) from, any and all losses, claims, causes of action,
damages, liabilities, settlement payments, costs, and related expenses (including the reasonable fees, charges and documented out-of-pocket disbursements of any counsel for any Indemnitee), incurred by any Indemnitee or asserted against any
Indemnitee by any third party or by any Borrower or any other Loan Party arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated
hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder, the consummation of the transactions contemplated hereby or thereby, or the administration of this Agreement and the other Loan
Documents, (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by the L/C Issuer to honor a demand for payment under a Letter of Credit if the documents presented in connection with such
demand do not strictly comply with the terms of such Letter of Credit, any bank advising or confirming a Letter of Credit and any other Person seeking to 

  
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enforce the rights of a Borrower, beneficiary, transferee, or assignee or Letter of Credit proceeds or the holder of an instrument or document related to any Letter of Credit), (iii) any
actual or alleged presence or release of Hazardous Materials on or from any property owned or operated by any Loan Party or any of its Restricted Subsidiaries, or any Environmental Liability related in any way to any Loan Party or any of its
Restricted Subsidiaries, (iv) any claims of, or amounts paid by any Credit Party to, a Blocked Account Bank or other Person which has entered into a control agreement with any Credit Party hereunder, or (v) any actual or prospective claim,
litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by any Borrower or any other Loan Party or any of the Loan Parties’ directors,
shareholders or creditors, and regardless of whether any Indemnitee is a party thereto, in all cases, whether or not caused by or arising, in whole or in part, out of the comparative, contributory or sole negligence of the Indemnitee;
provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses (x) are determined by a court of competent jurisdiction by final and
non-appealable judgment to have resulted from the bad faith, gross negligence or willful misconduct of such Indemnitee or (y) result from a claim brought by the Lead Borrower or any other Loan Party against an Indemnitee for breach in bad faith
of such Indemnitee’s obligations hereunder or under any other Loan Document, if the Lead Borrower or such Loan Party has obtained a final and non-appealable judgment in its favor on such claim as determined by a court of competent jurisdiction.
Without limiting the provisions of Section 3.01(c), this Section 10.04(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim. 

(c) Waiver of Consequential Damages, Etc. To the fullest extent permitted by Law, the Loan Parties shall not assert, and hereby waive,
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, any other Loan
Document or any agreement or instrument contemplated hereby, the transactions contemplated hereby or thereby, any Loan or Letter of Credit or the use of the proceeds thereof. 

(d) Payments. All amounts due under this Section shall be payable on demand therefor. 

(e) Limitation of Liability. No Indemnitee shall be liable for any damages arising from the use by unintended recipients of any
information or other materials distributed to such unintended recipients by such Indemnitee through telecommunications, electronic or other information transmission systems in connection with this Agreement or the other Loan Documents or the
transactions contemplated hereby or thereby other than for direct or actual damages resulting from the gross negligence or willful misconduct of such Indemnitee as determined by a final and non-appealable judgment of a court of competent
jurisdiction. 
 (f) Survival. The agreements in this Section shall survive the resignation of any Agent, the L/C Issuer or the Swing
Line Lender, the assignment of any Commitment or Loan by any Lender, the replacement of any Lender, the termination of the Aggregate Commitments and the repayment, satisfaction or discharge of all the other Obligations and the termination of this
Agreement. 
 10.05 Payments Set Aside. This Agreement shall remain in full force and effect and continue to be effective should any
petition be filed by or against any Loan Party for liquidation or reorganization or otherwise under any Debtor Relief Law, should any Loan Party become insolvent or make an assignment for the benefit of any creditor or creditors or should a
receiver, interim receiver, trustee, monitor, custodian, conservator, liquidator, rehabilitator or similar officer be appointed for all or any significant part of any Loan Party’s assets, and shall continue to be effective or to be reinstated,
as the 

  
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case may be, if at any time payment and performance of the Obligations, or any part thereof, is, pursuant to applicable 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. To the extent that any payment by or on behalf of
the Loan Parties is made to any Credit Party, or any Credit Party exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or
required (including pursuant to any settlement entered into by such Credit Party in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to
the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender
and the L/C Issuer severally agrees to pay to the Agent upon demand its Applicable Percentage (without duplication) of any amount so recovered from or repaid by the Agent, plus interest thereon from the date of such demand to the date such payment
is made at a rate per annum equal to the Federal Funds Rate and a rate determined by the Agent in accordance with banking industry rules on interbank compensation plus any administrative, processing, or similar fees customarily charged by the Agent
in connection with the foregoing. The obligations of the Lenders and the L/C Issuer under clause (b) of the preceding sentence shall survive the payment in full of the Obligations and the termination of this Agreement. 

10.06 Successors and Assigns. 

(a) Successors and Assigns Generally. The provisions of this Agreement shall be binding upon and inure to the benefit of the parties
hereto and their respective successors and assigns permitted hereby, except that no Loan Party may assign or otherwise transfer any of its rights or obligations hereunder or under any other Loan Document without the prior written Consent of the
Agent and each Lender and no Lender may assign or otherwise transfer any of its rights or obligations hereunder except (i) to an Eligible Assignee in accordance with the provisions of Section 10.06(b), (ii) by way of
participation in accordance with the provisions of subsection Section 10.06(d), or (iii) by way of pledge or assignment of a security interest subject to the restrictions of Section 10.06(f) (and any other attempted
assignment or transfer by any party hereto shall be null and void). Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted
hereby, Participants to the extent provided in subsection (d) of this Section and, to the extent expressly contemplated hereby, the Related Parties of each of the Credit Parties) any legal or equitable right, remedy or claim under or by reason
of this Agreement. 
 (b) Assignments by Lenders. Any Lender may at any time assign to one or more Eligible Assignees all or a portion
of its rights and obligations under this Agreement (including all or a portion of its Commitments and the Loans (including for purposes of this Section 10.06(b), participations in L/C Obligations and in Swing Line Loans) at the time
owing to it); provided that any such assignment shall be subject to the following conditions: 
 (i) Minimum
Amounts. 
 (A) (1) in the case of an assignment of the entire remaining amount of the assigning Lender’s
Commitment and Revolving Loans owing to it or (2) in the case of any assignment to a Lender or an Affiliate of a Lender or an Approved Fund with respect to a Lender, no minimum amount need be assigned; and 

  
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 (B) in any case not described in subsection (b)(i)(A) of this Section, the
aggregate amount of the Commitment or, if the Commitment is not then in effect, the principal outstanding balance of the Revolving Loans of the assigning Lender subject to each such assignment, determined as of the date the Assignment and Assumption
with respect to such assignment is delivered to the Agent or, if “Trade Date” is specified in the Assignment and Assumption, as of the Trade Date, shall not be less than $5,000,000 unless each of the Agent and, so long as no Default or
Event of Default has occurred and is continuing, the Lead Borrower otherwise consents (each such consent not to be unreasonably withheld, conditioned or delayed); provided, however, that concurrent assignments to members of an Assignee
Group and concurrent assignments from members of an Assignee Group to a single Eligible Assignee (or to an Eligible Assignee and members of its Assignee Group) will be treated as a single assignment for purposes of determining whether such minimum
amount has been met; 
 (ii) Proportionate Amounts. Each partial assignment shall be made as an assignment of a
proportionate part of all the assigning Lender’s rights and obligations under this Agreement with respect to the Loans or the Commitments assigned, except that this clause (ii) shall not apply to the Swing Line Lender’s rights and
obligations in respect of Swing Line Loans. 
 (iii) Required Consents. No consent shall be required for any
assignment except to the extent required by subsection (b)(i)(B) of this Section and, in addition: 
 (A) the consent of the
Lead Borrower shall be required (such consent not to be unreasonably withheld, conditioned or delayed; provided that after the passage of ten (10) Business Days from receipt of written notice to the Lead Borrower from the Agent of a
proposed assignment without the Lead Borrower giving the Agent written notice of the Lead Borrower’s objection to such assignment, the Lead Borrower shall be deemed to have consented to such assignment) unless (1) a Default or Event of
Default under Section 8.01(a) or 8.01(f) has occurred and is continuing at the time of such assignment or (2) such assignment is to a Lender, an Affiliate of a Lender or an Approved Fund with respect to such Lender; and 

(B) the consent of the Agent, the L/C Issuer and the Swing Line Lender (such consent not to be unreasonably withheld,
conditioned or delayed) shall be required for assignments in respect of any Commitment if such assignment is to a Person that is not a Lender, an Affiliate of such Lender or an Approved Fund with respect to such Lender. 

(iv) Assignment and Assumption. The parties to each assignment shall execute and deliver to the Agent an Assignment and
Assumption, together with a processing and recordation fee of $3,500, provided, however, that the Agent may, in its sole discretion, elect to waive such processing and recordation fee in the case of any assignment. The assignee, if it
shall not be a Lender, shall deliver to the Agent an Administrative Questionnaire. 
 (v) No Assignment to Certain
Persons. No such assignment shall be made (1) (A) to any Person which is not an Eligible Assignee, (B) to any Defaulting Lender or any of its Subsidiaries or Affiliates, or any Person who, upon becoming a Lender hereunder, would constitute
any of the foregoing Persons described in this clause (B), or (C) to a natural Person, or (2) if at the time of such assignment the Borrowers would be obligated to pay any greater amount under Article III to the assignee than the Borrowers is
then obligated to pay to the assigning Lender under such Article (and if any assignment is made in violation of the foregoing, the Borrowers will not be required to pay such greater amounts). 

  
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 (vi) Certain Additional Payments. In connection with any assignment
of rights and obligations of any Defaulting Lender hereunder, no such assignment shall be effective unless and until, in addition to the other conditions thereto set forth herein, the parties to the assignment shall make such additional payments to
the Agent in an aggregate amount sufficient, upon distribution thereof as appropriate (which may be outright payment, purchases by the assignee of participations or sub-participations, or other compensating actions, including funding, with the
consent of the Lead Borrower and the Agent, the applicable pro rata share of Loans previously requested but not funded by the Defaulting Lender, to each of which the applicable assignee and assignor hereby irrevocably consent), to (x) pay and
satisfy in full all payment liabilities then owed by such Defaulting Lender to the Agent, the L/C Issuer or any Lender hereunder (and interest accrued thereon) and (y) acquire (and fund as appropriate) its full pro rata share of all Loans and
participations in Letters of Credit and Swing Line Loans in accordance with its Applicable Percentage. Notwithstanding the foregoing, in the event that any assignment of rights and obligations of any Defaulting Lender hereunder shall become
effective under applicable Law without compliance with the provisions of this paragraph, then the assignee of such interest shall be deemed to be a Defaulting Lender for all purposes of this Agreement until such compliance occurs. 

Subject to acceptance and recording thereof by the Agent pursuant to subsection (c) of this Section, from and after the effective date specified in each
Assignment and Assumption, the Eligible Assignee thereunder shall be a party to this Agreement and, to the extent of the interest assigned by such Assignment and Assumption, have the rights and obligations of a Lender under this Agreement, and the
assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment and Assumption covering all of the assigning
Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto) but shall continue to be entitled to the benefits of Sections 3.01, 3.04, 3.05, and 10.04 with respect to facts and
circumstances occurring prior to the effective date of such assignment; provided, that except to the extent otherwise expressly agreed by the affected parties, no assignment by a Defaulting Lender will constitute a waiver or release of any
claim of any party hereunder arising from that Lender’s having been a Defaulting Lender. Upon request of the assignee Lender, the Borrowers (at their expense) shall execute and deliver one or more Notes to the assignee Lender. Any assignment or
transfer by a Lender of rights or obligations under this Agreement that does not comply with this subsection shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance
with Section 10.06(d). 
 (c) Register. The Agent, acting solely for this purpose as an agent of the Borrowers (and such
agency being solely for tax purposes), shall maintain at the Agent’s Office a copy of each Assignment and Assumption delivered to it (or the equivalent thereof in electronic form) and a register for the recordation of the names and addresses of
the Lenders, and the Commitments of, and principal amounts (and stated interest) of the Loans and L/C Obligations owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). No assignment shall be effective
unless it has been recorded in the Register pursuant to this Section 10.06(c). The entries in the Register shall be conclusive, absent manifest error, and the Loan Parties, the 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 Lead Borrower and any Lender at any
reasonable time and from time to time upon reasonable prior notice This Section 10.06(c) shall be construed so that the Obligations (excluding Other Liabilities) are at all times maintained in “registered form” within the meaning of
Sections 163(f), 871(h)(2) and 881(c)(2) of the Code and any regulations promulgated thereunder (and any other relevant or successor provisions of the Code or such regulations). 

  
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 (d) Participations. (i) Any Lender may at any time, without the consent of, or
notice to, the Loan Parties or the Agent, sell participations to any Person (other than a natural person or the Loan Parties or any of the Loan Parties’ Affiliates or Subsidiaries) (each, a “Participant”) in all or a portion of
such Lender’s rights and/or obligations under this Agreement (including all or a portion of its Commitment, and/or the Revolving Loans (including such Lender’s participations in L/C Obligations and/or Swing Line Loans) owing to it);
provided that (i) such Lender’s obligations under this Agreement shall remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations and (iii) the
Loan Parties, the Agent, the Lenders and the L/C Issuer shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement. Any Participant shall agree in writing to comply
with all confidentiality obligations set forth in Section 10.07 as if such Participant was a Lender hereunder. 
 (ii) Any
agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce this Agreement and to approve any amendment, modification or waiver of any provision of this
Agreement; provided that such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any amendment, waiver or other modification described in clauses (i) through (iv) and clauses
(vi) and (vii) of the first proviso to Section 10.01 that affects such Participant. Subject to subsection (e) of this Section, the Loan Parties agree that each Participant shall be entitled to the benefits of Sections
3.01, 3.04 and 3.05 to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to Section 10.06(b). 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 2.02 as though it were a Lender. 

(iii) Each Lender that sells a participation shall, acting solely for this purpose as an agent of the Borrowers, 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 the Loan Documents (the “Participant Register”); provided
that no Lender shall have any obligation to disclose all or any portion of the Participant Register (including the identity of any Participant or any information relating to a Participant’s interest in any commitments, loans, letters of credit
or its other obligations under any Loan Document) to any Person except to the extent that such disclosure is necessary to establish that such commitment, loan, letter of credit or other obligation is in registered form under Section 5f.103-1(c)
of the United States Treasury Regulations. The entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded in the Participant Register as the owner of such
participation for all purposes of this Agreement notwithstanding any notice to the contrary. For the avoidance of doubt, the Agent (in its capacity as Agent) shall have no responsibility for maintaining a Participant Register. 

(e) Limitations upon Participant Rights. A Participant shall not be entitled to receive any greater payment under
Section 3.01 or 3.04 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such Participant is made with the Lead
Borrower’s prior written consent. A Participant shall not be entitled to the benefits of Section 3.01 unless the Lead Borrower is notified of the participation sold to such Participant and such Participant agrees, for the benefit of
the Loan Parties, to comply with Section 3.01(e) as though it were a Lender. 

  
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 (f) Certain Pledges. Any Lender may, at any time and without consent of any Loan
Party or the Agent, pledge or assign a security interest in all or any portion of its rights under this Agreement (including under its Note, if any) to secure obligations of such Lender, including any pledge or assignment to secure obligations to a
Federal Reserve Bank; provided that no such pledge or assignment shall release such Lender from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto. 

(g) Assignment to SPV. Notwithstanding any provision to the contrary, any Lender may assign to one or more special purpose funding
vehicles (each, an “SPV”) all or any portion of its funded Loans (without the corresponding Commitment), without the consent of any Person or the payment of a fee, by execution of a written assignment agreement in a form agreed to by such
Lender and such SPV, and may grant any such SPV the option, in such SPV’s sole discretion, to provide the Borrowers all or any part of any Loans that such Lender would otherwise be obligated to make pursuant to this Agreement. Such SPVs shall
have all the rights which a Lender making or holding such Loans would have under this Agreement, but no obligations. The Lender making such assignment shall remain liable for all its original obligations under this Agreement, including its
Commitment (although the unused portion thereof shall be reduced by the principal amount of any Loans held by an SPV). Notwithstanding such assignment, the Agent and Lead Borrower may deliver notices to the Lender making such assignment (as agent
for the SPV) and not separately to the SPV unless the Agent and Lead Borrower are requested in writing by the SPV (or its agent) to deliver such notices separately to it. The Borrowers shall, at the reasonable request of any such Lender, execute and
deliver to such Person as such Lender may designate, one or more Notes in the amount of such Lender’s original Notes to evidence the Loans of such Lender and related SPV. 

(h) Resignation as L/C Issuer or Swing Line Lender after Assignment or Resignation. Notwithstanding anything to the contrary contained
herein, if at any time Bank of America assigns all of its Commitment and Loans pursuant to subsection (b) above, or resigns as Agent in accordance with the provisions of Section 9.06, Bank of America may, (i) upon thirty
(30) days’ notice to the Lead Borrower and the Lenders, resign as L/C Issuer and/or (ii) with duplication of any notice required under Section 9.06, upon thirty (30) days’ notice to the Lead Borrower, resign as
Swing Line Lender. In the event of any such resignation as L/C Issuer or Swing Line Lender, the Lead Borrower shall be entitled to appoint from among the Lenders a successor L/C Issuer or Swing Line Lender hereunder; provided, however,
that no failure by the Lead Borrower to appoint any such successor shall affect the resignation of Bank of America as L/C Issuer or Swing Line Lender, as the case may be. If Bank of America resigns as L/C Issuer, it shall retain all the rights,
powers, privileges and duties of the L/C Issuer hereunder with respect to all Letters of Credit outstanding as of the effective date of its resignation as L/C Issuer and all L/C Obligations with respect thereto (including the right to require the
Lenders to make Revolving Loans that are Base Rate Loans or fund risk participations in Unreimbursed Amounts pursuant to Section 2.03(c)). If Bank of America resigns as Swing Line Lender, it shall retain all the rights of the Swing Line
Lender provided for hereunder with respect to Swing Line Loans made by it and outstanding as of the effective date of such resignation, including the right to require the Lenders to make Revolving Loans that are Base Rate Loans or fund risk
participations in outstanding Swing Line Loans pursuant to Section 2.04(c). Upon the appointment of a successor L/C Issuer and/or Swing Line Lender, (a) such successor shall succeed to and become vested with all of the rights,
powers, privileges and duties of the retiring L/C Issuer or Swing Line Lender, as the case may be, (b) the successor L/C Issuer shall issue letters of credit in substitution for the Letters of Credit, if any, outstanding at the time of such
succession or make other arrangements satisfactory to Bank of America to effectively assume the obligations of Bank of America with respect to such Letters of Credit, and (c) the successor Swing Line Lender shall repay all outstanding
Obligations with respect to Swing Line Loans due to the resigning Swing Line Lender. 

  
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 10.07 Treatment of Certain Information; Confidentiality. Each of the Credit Parties
agrees to maintain the confidentiality of the Information (as defined below), except that Information may be disclosed (a) to its Affiliates, Approved Funds, and to its and its Affiliates’ and Approved Funds’ respective partners,
directors, officers, employees, agents, funding sources, attorneys, advisors and representatives (it being understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to
keep such Information confidential), (b) to the extent requested by any regulatory authority purporting to have jurisdiction over it (including any self-regulatory authority), (c) to the extent required by Laws or regulations or by any
subpoena or similar legal process, (d) to any other party hereto, (e) in connection with the exercise of any remedies hereunder or under any other Loan Document or any action or proceeding relating to this Agreement or any other Loan
Document or the enforcement of rights hereunder or thereunder, (f) subject to an agreement (including any electronic agreement contained in any Platform) 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 Contract relating to any Loan
Party and its obligations, (g) with the prior written consent of the Lead Borrower or (h) to the extent such Information (i) becomes publicly available other than as a result of a breach of this Section or (ii) becomes available
to any Credit Party or any of their respective Affiliates on a non-confidential basis from a source other than the Loan Parties. 
 For
purposes of this Section, “Information” means all information received from the Loan Parties or any Subsidiary thereof relating to the Loan Parties or any Subsidiary thereof or their respective businesses, other than any such information
that is available to any Credit Party on a non- confidential basis prior to disclosure by the Loan Parties or any Subsidiary thereof. 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, provided it exercises not less
than reasonable care. 
 Each of the Credit Parties acknowledges that (a) the Information may include material non-public information
concerning the Loan Parties or a Subsidiary, as the case may be, (b) it has developed compliance procedures regarding the use of material non-public information and (c) it will handle such material non-public information in accordance with
Law, including Federal and state securities Laws. 
 10.08 Right of Setoff. If an Event of Default shall have occurred and be
continuing or if any Lender shall have been served with a trustee process or similar attachment relating to property of a Loan Party, each Lender, each Participant, the L/C Issuer and each of their respective Affiliates is hereby authorized at any
time and from time to time, after obtaining the prior written consent of the Agent or the Required Lenders, 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) (other than escrow, payroll, petty cash, trust and tax accounts) or other property at any time held and other obligations (in whatever currency) at any time owing by such Lender, such Participant, the L/C Issuer or
any such Affiliate to or for the credit or the account of the Borrowers or any other Loan Party against any and all of the Obligations now or hereafter existing under this Agreement or any other Loan Document to such Lender or the L/C Issuer,
regardless of the adequacy of the Collateral, and irrespective of whether or not such Lender or the L/C Issuer shall have made any demand under this Agreement or any other Loan Document and although such obligations of the Borrowers or such Loan
Party may be contingent or 

  
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unmatured or are owed to a branch or office of such Lender, such Participant, or the L/C Issuer different from the branch or office holding such deposit or obligated on such indebtedness;
provided, that in the event that any Defaulting Lender shall exercise any such right of setoff, (x) all amounts so set off shall be paid over immediately to the Agent for further application in accordance with the provisions of
Section 2.16 and, pending such payment, shall be segregated by such Defaulting Lender from its other funds and deemed held in trust for the benefit of the Agent, the L/C Issuer and the Lenders, and (y) the Defaulting Lender shall
provide promptly to the Agent a statement describing in reasonable detail the Obligations owing to such Defaulting Lender as to which it exercised such right of setoff. The rights of each Lender, each Participant, the L/C Issuer and their respective
Affiliates under this Section are in addition to other rights and remedies (including other rights of setoff) that such Lender, the L/C Issuer or their respective Affiliates may have. Each Lender and the L/C Issuer agrees to notify the Lead Borrower
and the Agent promptly after any such setoff and application, provided that the failure to give such notice shall not affect the validity of such setoff and application. 

10.09 Interest Rate Limitation. Notwithstanding anything to the contrary contained in any Loan Document, the interest paid or agreed to
be paid under the Loan Documents shall not exceed the maximum rate of non-usurious interest permitted by Law (the “Maximum Rate”). If the 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 Loans and other Obligations (other than Other Liabilities not then due and owing) or, if it exceeds such unpaid principal, refunded to the Borrowers. In determining whether the interest contracted
for, charged, or received by the Agent or a Lender exceeds the Maximum Rate, such Person may, to the extent permitted by 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. 

10.10 Counterparts; Integration; Effectiveness. This Agreement may be executed in counterparts (and by different parties hereto in
different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Agreement and the other Loan Documents constitute the entire contract among the parties relating to
the subject matter hereof and supersede any and all previous letters of intent, commitment letters, 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 Agent and when the Agent shall have received counterparts hereof that, when taken together, bear the signatures of each of the other parties hereto. Delivery of an executed counterpart
of a signature page of this Agreement by telecopy, or other electronic image scan transmission (e.g., “pdf” or “tif” via e-mail) shall be as effective as delivery of a manually executed counterpart of this Agreement. 

10.11 Survival. All representations and warranties made hereunder and in any other Loan Document or other document delivered pursuant
hereto or thereto or in connection herewith or therewith shall survive the execution and delivery hereof and thereof. Such representations and warranties have been or will be relied upon by the Credit Parties, regardless of any investigation made by
any Credit Party or on their behalf and notwithstanding that any Credit Party may have had notice or knowledge of any Default or Event of Default at the time of any Credit Extension, and shall continue in full force and effect as long as any Loan or
any other Obligation (other than the Other Liabilities and contingent indemnity obligations for which claims have not been asserted) hereunder shall remain unpaid or unsatisfied or any Letter of Credit shall remain outstanding. Further, the
provisions of Sections 3.01, 3.04, 3.05 and 10.04 and Article IX shall survive and remain in full force and effect regardless of the repayment of the Obligations (other than contingent indemnity obligations for
which claims have not been asserted), the expiration or termination of the Letters of Credit and the Commitments or the 

  
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termination of this Agreement or any provision hereof. In connection with the termination of this Agreement and the release and termination of the security interests in the Collateral, the Agent,
in its Permitted Discretion, may require such indemnities and collateral security as it shall reasonably deem necessary or appropriate to protect the Credit Parties against (x) loss on account of credits previously applied to the Obligations
that may subsequently be reversed or revoked, (y) any obligations that may thereafter arise with respect to the Other Liabilities, and (z) any Obligations that may thereafter arise under Section 10.04 hereof. 

10.12 Severability. If any provision of this Agreement or the other Loan Documents is held to be illegal, invalid or unenforceable,
(a) the legality, validity and enforceability of the remaining provisions of this Agreement and the other Loan Documents shall not be affected or impaired thereby and (b) the parties shall endeavor in good faith negotiations to replace the
illegal, invalid or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the illegal, invalid or unenforceable provisions. The invalidity of a provision in a particular jurisdiction shall
not invalidate or render unenforceable such provision in any other jurisdiction. Without limiting the foregoing provisions of this Section 10.12, if and to the extent that the enforceability of any provisions in this Agreement relating
to Defaulting Lenders shall be limited by Debtor Relief Laws, as determined in good faith by the Agent, the L/C Issuer or the Swing Line Lender, as applicable, then such provisions shall be deemed to be in effect only to the extent not so limited.

 10.13 Replacement of Lenders. If any Lender requests compensation under Section 3.04, or if the Borrowers are required
to pay any Indemnified Taxes or any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 3.01, or if any Lender is a Defaulting Lender or a Non-Consenting Lender, then the
Borrowers may, at their sole expense and effort, upon notice to such Lender and the Agent, require such Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in, and consents required by,
Section 10.06), all of its interests, rights (other than its existing rights to payments pursuant to Section 3.01 and 3.04) and obligations under this Agreement and the related Loan Documents to an assignee that shall
assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment), provided that: 

(a) the Borrowers shall have paid to the Agent the assignment fee specified in Section 10.06(b); 

(b) such Lender shall have received payment of an amount equal to the outstanding principal of its Loans and L/C Advances,
accrued interest thereon, accrued fees (except that accrued fees shall not be payable to a Defaulting Lender) and all other amounts payable to it hereunder and under the other Loan Documents (including any amounts under Section 3.05)
from the assignee (to the extent of such outstanding principal and accrued interest and fees) or the Borrowers (in the case of all other amounts); 

(c) in the case of any such assignment resulting from a claim for compensation under Section 3.04 or payments
required to be made pursuant to Section 3.01, such assignment will result in a reduction in such compensation or payments thereafter; and 

(d) such assignment does not conflict with Laws; and 

(e) in the case of an assignment resulting from a Lender becoming a Non-Consenting Lender, the applicable assignee shall have
consented to the applicable amendment, waiver or consent. 

  
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 A Lender shall not be required to make any such assignment or delegation if, prior thereto, as a result of a
waiver by such Lender or otherwise, the circumstances entitling the Borrowers to require such assignment and delegation cease to apply. 

10.14 Governing Law; Jurisdiction; Etc. 

(a) GOVERNING LAW. THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS AND ANY CLAIMS, CONTROVERSY, DISPUTE OR CAUSE OF ACTION (WHETHER IN
CONTRACT OR TORT OR OTHERWISE) BASED UPON, ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT (EXCEPT, AS TO ANY OTHER LOAN DOCUMENT, AS EXPRESSLY SET FORTH THEREIN) AND THE TRANSACTIONS CONTEMPLATED HEREBY AND THEREBY SHALL BE
GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK, WITHOUT REGARD TO CONFLICTS OF LAW PRINCIPLES THEREOF. 

(b) SUBMISSION TO JURISDICTION. SUBJECT TO THE LAST SENTENCE OF THIS CLAUSE (B), EACH OF THE PARTIES HERETO IRREVOCABLY AND
UNCONDITIONALLY AGREES THAT IT WILL NOT COMMENCE ANY ACTION, LITIGATION OR PROCEEDING OF ANY KIND OR DESCRIPTION, WHETHER IN LAW OR EQUITY, WHETHER IN CONTRACT OR IN TORT OR OTHERWISE, AGAINST ANY OTHER PARTY HERETO (OR, IN THE CASE OF THE LOAN
PARTIES, AGAINST ANY RELATED PARTY OF THE AGENT, ANY LENDER OR THE L/C ISSUER), IN ANY WAY RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS RELATING HERETO OR THERETO, IN ANY FORUM OTHER THAN THE COURTS 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, AND EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY SUBMITS TO THE JURISDICTION OF
SUCH COURTS AND AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION, LITIGATION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEW YORK STATE COURT OR, TO THE FULLEST EXTENT PERMITTED BY LAW, IN SUCH FEDERAL COURT. EACH OF THE PARTIES HERETO
AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION, LITIGATION 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 IN ANY OTHER LOAN
DOCUMENT SHALL AFFECT ANY RIGHT THAT ANY CREDIT PARTY MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING TO ENFORCE ANY AWARD OR JUDGMENT RIGHT UNDER THE LOAN DOCUMENTS OR TO BRING ANY ACTION OR PROCEEDING TO ENFORCE ITS RIGHTS UNDER THE LOAN
DOCUMENTS WITH RESPECT TO ANY COLLATERAL OR ANY OTHER PROPERTY OF ANY LOAN PARTY IN ANY OTHER FORUM IN WHICH JURISDICTION CAN BE ESTABLISHED. 

(c) WAIVER OF VENUE. EACH PARTY HERETO IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY OBJECTION
THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY 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. 

  
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 (d) SERVICE OF PROCESS. EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS
IN THE MANNER PROVIDED FOR NOTICES IN SECTION 10.02. NOTHING IN THIS AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY LAW. 

10.15 Waiver of Jury Trial. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY 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 OR ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH
PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON 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 AND THE OTHER LOAN DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 

10.16 No Advisory or Fiduciary Responsibility. In connection with all aspects of each transaction contemplated hereby, the Loan Parties
each acknowledge and agree that: (i) the credit facility provided for hereunder and any related arranging or other services in connection therewith (including in connection with any amendment, waiver or other modification hereof or of any other
Loan Document) are an arm’s-length commercial transaction between the Loan Parties, on the one hand, and the Credit Parties, on the other hand, and each of the Loan Parties is capable of evaluating and understanding and understands and accepts
the terms, risks and conditions of the transactions contemplated hereby and by the other Loan Documents (including any amendment, waiver or other modification hereof or thereof); (ii) in connection with the process leading to such transaction, each
Credit Party is and has been acting solely as a principal and is not the financial advisor, agent or fiduciary, for the Loan Parties or any of their respective Affiliates, stockholders, creditors or employees or any other Person; (iii) none of
the Credit Parties has assumed or will assume an advisory, agency or fiduciary responsibility in favor of the Loan Parties with respect to any of the transactions contemplated hereby or the process leading thereto, including with respect to any
amendment, waiver or other modification hereof or of any other Loan Document (irrespective of whether any of the Credit Parties has advised or is currently advising any Loan Party or any of its Affiliates on other matters) and none of the Credit
Parties has any obligation to any Loan Party or any of its Affiliates with respect to the transactions contemplated hereby except those obligations expressly set forth herein and in the other Loan Documents; (iv) the Credit Parties and their
respective Affiliates may be engaged in a broad range of transactions that involve interests that differ from those of the Loan Parties and their respective Affiliates, and none of the Credit Parties has any obligation to disclose any of such
interests by virtue of any advisory, agency or fiduciary relationship; and (v) the Credit Parties have not provided and will not provide any legal, accounting, regulatory or tax advice with respect to any of the transactions contemplated hereby
(including any amendment, waiver or other modification hereof or of any other Loan Document) and each of the Loan Parties has consulted its own legal, accounting, regulatory and tax advisors to the extent it has deemed appropriate. Each of the Loan
Parties hereby waives and releases, to the fullest extent permitted by law, any claims that it may have against each of the Credit Parties with respect to any breach or alleged breach of agency or fiduciary duty in connection with any aspect of any
transaction contemplated hereby. 

  
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 10.17 Patriot Act Notice. Each Lender that is subject to the Patriot Act (as
hereinafter defined) and the Agent (for itself and not on behalf of any Lender) hereby notifies the Loan Parties that pursuant to the requirements of the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and
Obstruct Terrorism Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Patriot Act”), it is required to obtain, verify and record information that identifies each Loan Party, which information includes the name
and address of each Loan Party and other information that will allow such Lender or the Agent, as applicable, to identify each Loan Party in accordance with Patriot
the Act. Each Loan Party is in compliance, in all material respects, with the Patriot Act. No part of the proceeds of the Loans will be used by the Loan Parties, directly or indirectly, for
any payments to any governmental official or employee, political party, official of a political party, candidate for political office, or anyone else acting in an official capacity, in order to obtain, retain or direct business or obtain any
improper advantage, in violation of the United States Foreign Corrupt Practices Act of 1977, as amended, or the
UK Bribery Act 2010. The Loan Parties shall, promptly following a request by the Agent or any Lender, provide all documentation and other information that the Agent or such Lender requests in
order to comply with its ongoing obligations under applicable “know your customer” and anti-money laundering rules and regulations, including the Patriot
Act and the Beneficial Ownership Regulation. 

10.18 Foreign Asset Control Regulations. None of the advance of the Loans, the issuance of any Letters of Credit or the use of the
proceeds of any thereof will violate the Trading With the Enemy Act (50 U.S.C. § 1 et seq., as amended) (the “Trading With the Enemy Act”) or any of the foreign assets control regulations of OFAC (31 CFR, Subtitle B, Chapter V, as
amended) (the “Foreign Assets Control Regulations”) or any enabling legislation or executive order relating thereto (which for the avoidance of doubt shall include, but shall not be limited to (a) Executive Order 13224 of
September 21, 2001 Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten to Commit, or Support Terrorism (66 Fed. Reg. 49079 (2001)) (the “Executive Order”) and (b) the Patriot Act. Furthermore,
none of the Borrowers or their Affiliates (a) is or will become a “blocked person” as described in the Executive Order, the Trading With the Enemy Act or the Foreign Assets Control Regulations or (b) engages or will engage in any
dealings or transactions, or otherwise associated, with any such “blocked person” or in any manner violative of any such order. 

10.19 Time of the Essence. Time is of the essence of the Loan Documents. 

10.20 Press Releases. 

(a) Each Credit Party executing this Agreement agrees that neither it nor its Affiliates will in the future issue any press releases or other
public disclosure using the name of the Agent or its Affiliates or referring to this Agreement or the other Loan Documents without at least two (2) Business Days’ prior notice to the Agent and without the prior written consent of the Agent
unless (and only to the extent that) such Credit Party or Affiliate is required to do so under applicable Law and then, in any event solely to the extent permitted by applicable Law, such Credit Party or Affiliate will consult with the Agent before
issuing such press release or other public disclosure. 
 (b) The Agent and each Lender agree that such Person shall not in the future issue
any press releases or other public disclosure using the name of the Lead Borrower or its Subsidiaries without at least two (2) Business Days’ prior notice to the Agent and the Lead Borrower and without the prior written consent of the
Agent and the Lead Borrower unless such Credit Party or Affiliate is required to do so under applicable Law or an Event of Default has occurred and is then continuing. Subject to the foregoing, each Loan Party consents to the publication by the
Agent or any Lender of advertising material relating to the financing transactions contemplated by this Agreement using any Loan Party’s name, product photographs, logo or trademark with the Lead Borrower’s consent (to the extent required
pursuant to the immediately preceding sentence), which consent (if so required) shall not be unreasonably withheld, conditioned or delayed; provided that after the passage of five (5) Business Days

  
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from receipt of written notice to the Lead Borrower from the Agent or any Lender of a proposed press release or other public disclosure without the Lead Borrower giving the Agent written notice
of the Lead Borrower’s objection to such press release or other public disclosure, the Lead Borrower shall be deemed to have consented thereto); provided further that the Agent or such Lender shall provide a draft reasonably in
advance of any advertising material to the Lead Borrower for review and comment prior to the publication thereof. The Agent reserves the right to provide to industry trade organizations information necessary and customary for inclusion in league
table measurements. 
 10.21 Additional Waivers. 

(a) The Obligations are the joint and several obligation of each Loan Party. To the fullest extent permitted by Law, the obligations of each
Loan Party shall not be affected by (i) the failure of any Credit Party to assert any claim or demand or to enforce or exercise any right or remedy against any other Loan Party under the provisions of this Agreement, any other Loan Document or
otherwise, (ii) any rescission, waiver, amendment or modification of, or any release from any of the terms or provisions of, this Agreement or any other Loan Document, (iii) the failure to perfect any security interest in, or the release
of, any of the Collateral or other security held by or on behalf of the Agent or any other Credit Party, or (iv) any default, failure or delay, willful or otherwise, in the performance of any of the Obligations, or by any other act or omission
that may or might in any manner or to any extent vary the risk of any Loan Party or that would otherwise operate as a discharge of any Loan Party as a matter of law or equity (other than the payment in full in cash of all the Obligations after the
termination of the Commitments). The obligations of each Loan Party shall not be subject to any reduction, limitation, impairment or termination for any reason (other than the payment in full in cash of the Obligations after the termination of the
Commitments), including any claim of waiver, release, surrender, alteration or compromise of any of the Obligations, and shall not be subject to any defense or setoff, counterclaim, recoupment or termination whatsoever by reason of the invalidity,
illegality or unenforceability of any of the Obligations or otherwise. 
 (b) To the fullest extent permitted by applicable Law, each Loan
Party waives any defense based on or arising out of any defense of any other Loan Party or the unenforceability of the Obligations or any part thereof from any cause, or the cessation from any cause of the liability of any other Loan Party, other
than the payment in full in cash of all the Obligations and the termination of the Commitments. The Agent and the other Credit Parties may, at their election, foreclose on any security held by one or more of them by one or more judicial or
non-judicial sales, accept an assignment of any such security in lieu of foreclosure, compromise or adjust any part of the Obligations, make any other accommodation with any other Loan Party, or exercise any other right or remedy available to them
against any other Loan Party, without affecting or impairing in any way the liability of any Loan Party hereunder except to the extent that all of the Obligations have been indefeasibly paid in full in cash and the Commitments have been terminated.
To the extent permitted by applicable Law, each Loan Party waives any defense arising out of any such election even though such election operates, pursuant to applicable Law, to impair or to extinguish any right of reimbursement or subrogation or
other right or remedy of such Loan Party against any other Loan Party, as the case may be, or any security. 
 (c) Upon payment by any Loan
Party of any Obligations, all rights of such Loan Party against any other Loan Party arising as a result thereof by way of right of subrogation, contribution, reimbursement, indemnity or otherwise shall in all respects be subordinate and junior in
right of payment to the prior payment in full in cash of all of the Obligations and the termination of the Commitments. In addition, any indebtedness of any Loan Party now or hereafter held by any other Loan Party is hereby subordinated in right of
payment to the prior payment in full of the Obligations and no Loan Party will demand, sue for or otherwise attempt to collect any such indebtedness. If any amount shall erroneously 

  
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be paid to any Loan Party on account of (i) such subrogation, contribution, reimbursement, indemnity or similar right or (ii) any such indebtedness of any Loan Party, such amount shall
be held in trust for the benefit of the Credit Parties and shall forthwith be paid to the Agent to be credited against the payment of the Obligations, whether matured or unmatured, in accordance with the terms of this Agreement and the other Loan
Documents. Subject to the foregoing, to the extent that any Borrower shall, under this Agreement as a joint and several obligor, repay any of the Obligations constituting Loans made to another Borrower hereunder or other Obligations incurred
directly and primarily by any other Borrower (an “Accommodation Payment”), then the Borrower making such Accommodation Payment shall be entitled to contribution and indemnification from, and be reimbursed by, each of the other Borrowers in
an amount, for each of such other Borrowers, equal to a fraction of such Accommodation Payment, the numerator of which fraction is such other Borrower’s Allocable Amount and the denominator of which is the sum of the Allocable Amounts of all of
the Borrowers. As of any date of determination, the “Allocable Amount” of each Borrower shall be equal to the maximum amount of liability for Accommodation Payments which could be asserted against such Borrower hereunder without
(a) rendering such Borrower “insolvent” within the meaning of Section 101 (32) of the Bankruptcy Code, Section 2 of the Uniform Fraudulent Transfer Act (“UFTA”) or Section 2 of the Uniform Fraudulent
Conveyance Act (“UFCA”), (b) leaving such Borrower with unreasonably small capital or assets, within the meaning of Section 548 of the Bankruptcy Code, Section 4 of the UFTA, or Section 5 of the UFCA, or
(c) leaving such Borrower unable to pay its debts as they become due within the meaning of Section 548 of the Bankruptcy Code or Section 4 of the UFTA, or Section 5 of the UFCA. 

(d) Without limiting the generality of the foregoing, or of any other waiver or other provision set forth in this Agreement, each Loan Party
hereby absolutely, knowingly, unconditionally, and expressly waives any and all claim, defense or benefit arising directly or indirectly under any one or more of Sections 2787 to 2855 inclusive of the California Civil Code or any similar law of
California. 
 10.22 No Strict Construction. 

The parties hereto have participated jointly in the negotiation and drafting of this Agreement. In the event an ambiguity or question of
intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the parties hereto and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of any provisions of this
Agreement. 
 10.23 Attachments. 

The exhibits and schedules attached to this Agreement are incorporated herein and shall be considered a part of this Agreement for the
purposes stated herein, except that in the event of any conflict between any of the provisions of such exhibits and schedules and the provisions of this Agreement, the provisions of this Agreement shall prevail. 

10.24 Electronic Execution of Assignments and Certain Other Documents. 

(a)
 The words “execute,” “execution,” “signed,” “signature,” and words of like import in any Assignment and Assumption or in any amendment or other
modification hereof (including waivers and consents) shall be deemed to include electronic signatures, the electronic matching of assignment terms and contract formations on electronic platforms approved by the Agent, or the keeping of records in
electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable
law, including the Federal Electronic Signatures in Global and National Commerce Act, the New 

  
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York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act; provided that notwithstanding anything contained herein to the contrary the Agent is under no obligation to agree to accept
electronic signatures in any form or in any format unless expressly agreed to by the Agent pursuant to procedures approved by it. 

(b)
 This Agreement and any document, amendment, approval,
consent, information, notice, certificate, request, statement, disclosure or authorization related to this Agreement (each a “Communication”), including Communications required to be in writing, may be in the form of an Electronic Record
and may be executed using Electronic Signatures. Each of the Loan Parties agrees that any Electronic Signature on or associated with any Communication shall be valid and binding on each of the Loan Parties to the same extent as a manual, original
signature, and that any Communication entered into by Electronic Signature, will constitute the legal, valid and binding obligation each of the Loan Parties enforceable against such in accordance with the terms thereof to the same extent as if a
manually executed original signature was delivered. Any Communication may be executed in as many counterparts as necessary or convenient, including both paper and electronic counterparts, but all such counterparts are one and the same Communication.
For the avoidance of doubt, the authorization under this paragraph may include, without limitation, use or acceptance by the Agent and each of the Credit Parties of a manually signed paper Communication which has been converted into electronic form
(such as scanned into PDF format), or an electronically signed Communication converted into another format, for transmission, delivery and/or retention. The Agent and each of the Credit Parties may, at its option, create one or more copies of any
Communication in the form of an imaged Electronic Record (“Electronic Copy”), which shall be deemed created in the ordinary course of the such Person’s business, and destroy the original paper document. All Communications in the form
of an Electronic Record, including an Electronic Copy, shall be considered an original for all purposes, and shall have the same legal effect, validity and enforceability as a paper record. Notwithstanding anything contained herein to the contrary,
the Agent is under no obligation to accept an Electronic Signature in any form or in any format unless expressly agreed to by the Agent pursuant to procedures approved by it; provided, further, without limiting the foregoing, (a) to the extent the
Agent has agreed to accept such Electronic Signature, the Agent and each of the Credit Parties shall be entitled to rely on any such Electronic Signature purportedly given by or on behalf of any Loan Party without further verification and
(b) upon the request of the Agent or any Lender, any Electronic Signature shall be promptly followed by such manually executed counterpart. For purposes hereof, “Electronic Record” and “Electronic Signature” shall have the
meanings assigned to them, respectively, by 15 USC §7006, as it may be amended from time to time. 

10.25 Keepwell. 
 Each
Loan Party that is a Qualified ECP Guarantor at the time the guaranty set forth in the Facility Guaranty or the grant of a security interest under the Loan Documents, in each case, by any Specified Loan Party becomes effective with respect to any
Swap Obligation, hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Loan Party with respect to such Swap Obligation as may be needed by such Specified Loan
Party 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
Guarantor’s obligations and undertakings under the Facility Guaranty voidable under applicable Law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each Qualified ECP
Guarantor 

  
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under this Section 10.25 shall remain in full force and effect until the Obligations have been indefeasibly paid in full. Each Loan Party intends this Section to constitute, and this
Section 10.25 shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, each Specified Loan Party for all purposes of the Commodity Exchange Act. 

10.26 Acknowledgment and Consent to Bail-In of EEAAffected 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 or L/C Issuer that is an
EEAAffected
 Financial Institution arising under any Loan Document, to the extent such liability is unsecured, may be subject to the
write-down and conversion
powersWrite-Down And Conversion Powers of
an
EEAapplicable 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 EEAthe
applicable Resolution Authority to any such liabilities arising hereunder which may be payable to it by any Lender that is an EEAAffected 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 EEAAffected 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-downWrite-Down and conversion powersConversion
Powers of any
EEAapplicable
 Resolution Authority. 

10.27 Acknowledgement Regarding Any Supported QFCs. 

To the
extent that the Loan Documents provide support, through a guarantee or otherwise, for any Swap Contract or any other agreement or instrument that is a QFC (such support, “QFC Credit Support”, and each such QFC, a “Supported
QFC”), the parties acknowledge and agree as follows with respect to the resolution power of the Federal Deposit Insurance Corporation under the Federal Deposit Insurance Act and Title II of the Dodd-Frank Wall Street Reform and Consumer
Protection Act (together with the regulations promulgated thereunder, the “U.S. Special Resolution Regimes”) in respect of such Supported QFC and QFC Credit Support (with the provisions below applicable notwithstanding that the Loan
Documents and any Supported QFC may in fact be stated to be governed by the laws of the State of New York and/or of the United States or any other state of the United States): 

(a) In the
event a Covered Entity that is party to a Supported QFC (each, a “Covered Party”) becomes subject to a proceeding under a U.S. Special Resolution Regime, the transfer of such Supported QFC and the benefit of such QFC Credit Support (and
any interest and obligation in or under such Supported QFC and such QFC Credit Support, and any rights in property securing such Supported QFC or such QFC Credit Support) from such Covered Party will be effective to the same extent as the
transfer 

  
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would be effective under the U.S. Special Resolution Regime if
the Supported QFC and such QFC Credit Support (and any such interest, obligation and rights in property) were governed by the laws of the United States or a state of the United States. In the event a Covered Party or a BHC Act Affiliate of a Covered
Party becomes subject to a proceeding under a U.S. Special Resolution Regime, Default Rights under the Loan Documents that might otherwise apply to such Supported QFC or any QFC Credit Support that may be exercised against such Covered Party are
permitted to be exercised to no greater extent than such Default Rights could be exercised under the U.S. Special Resolution Regime if the Supported QFC and the Loan Documents were governed by the laws of the United States or a state of the United
States. Without limitation of the foregoing, it is understood and agreed that rights and remedies of the parties with respect to a Defaulting Lender shall in no event affect the rights of any Covered Party with respect to a Supported QFC or any QFC
Credit Support. 

10.28 10.27 Amendment and Restatement. 
 This Agreement is an
amendment and restatement of the Existing Credit Agreement, it being acknowledged and agreed that as of the Effective Date all obligations outstanding under or in connection with the Existing Credit Agreement and any of the other Loan Documents
(such obligations, collectively, the “Existing Obligations”) constitute obligations under this Agreement. This Agreement is in no way intended to constitute a novation of the Existing Credit Agreement or the Existing Obligations.
With respect to (i) any date or time period occurring and ending prior to the Effective Date, the Existing Credit Agreement and the other Loan Documents shall govern the respective rights and obligations of any party or parties hereto also
party thereto and shall for such purposes remain in full force and effect; and (ii) any date or time period occurring or ending on or after the Effective Date, the rights and obligations of the parties hereto shall be governed by this Agreement
(including, without limitation, the exhibits and schedules hereto) and the other Loan Documents. From and after the Effective Date, any reference to the Existing Credit Agreement in any of the other Loan Documents executed or issued by and/or
delivered to any one or more parties hereto pursuant to or in connection therewith shall be deemed to be a reference to this Agreement, and the provisions of this Agreement shall prevail in the event of any conflict or inconsistency between such
provisions and those of the Existing Credit Agreement. 

10.29 ABL Intercreditor Agreement. 

Each of Loan
Parties, the Agent, the L/C Issuers and the Lenders acknowledge that the exercise of certain of the Agent’s rights and remedies hereunder and under the other Loan Documents may be subject to, and restricted by, the provisions of the ABL
Intercreditor Agreement. Except as specified herein, nothing contained in the ABL Intercreditor Agreement shall be deemed to modify any of the provisions of this Agreement and the other Loan Documents, which, as among the Loan Parties, the Agent,
the L/C Issuers and the Lenders shall remain in full force and effect. In the event of any conflict between the terms of the ABL Intercreditor Agreement and the terms of this Agreement, the terms of the ABL Intercreditor Agreement shall govern and
control. 
 [remainder of page intentionally left blank; signature pages follow]

  
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 Annex B 

Exhibits to Credit Agreement 

[Please see attached.] 

 Annex C 

Schedules to Credit Agreement 

[Please see attached.]

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